The Business Times, 16 January 1988
1988-01-16
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The Business Times
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Title Section12 1988-01-16 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, January 16-17,1988 e 75 CENTS12 words
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Article157 1988-01-16 1 Overseas marfctti Frtdey HK Hang Seng lnd«x 2429.77 (+18.25 Tokyo Nikkei Average Closed Sydney All-Ordinaries 1277J (+13.6) Thunday Now York (Dow Jonos) 1916.11 (-8.62 London (FT 30 Index) 1398.7 7.6 Exchange ratM US$1 126.15/25 yen 1.6320/30 DM S$2.0280/90 £i US$1.8245/55 M$: SS0.7998/8005 SllTMX Euro-$ (Mar) 92.38 (undi)157 words
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338 1988-01-16 1 Reuter AP A 25 PER CENT drop in the monthly US trade deficit statistics sent stocks, bonds and the dollar's value sharply higher in frenetic financial markets yesterday morning. The announcement by the US Commerce Department that the November deficit fellReuter; AP - 338 words
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Article186 1988-01-16 1 THE US DOLLAR shot up in New York yesterday on news that America's merchandise trade deficit for November narrowed to U5513.22 billion from October's record U5517.63 billion shortfall. Mr Andrew Hodge of Bank Brussels Lambert said: "The markets are going through the roof. This is186 words
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Article, Illustration155 1988-01-16 1 MAJOR ASIAN markets closed firmer yesterday but in thin trade as most investors were reluctant to take big poeitions ahead of the release of the US trade figures last night. In Singapore, small investors dominated trading and stock prices rose on bargain-hunting and155 words
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Article, Illustration467 1988-01-16 1 GENEVIEVE CUA - INSTITUTE OF POLICY STUDIES TO BE SELF-FUNDING By GENEVIEVE CUA THE FORMATION of Singapore's first think tank, envisioned as the focal point for historical, political and cultural studies and discussions, was announced yesterday by First Deputy Prime Minister Goh Chok Tong. The new467 words
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178 1988-01-16 1 Reuter THE NEW YORK Stock Exchange has asked member firms to curtail program trading activity if the Dow Jones Industrial Average moves up or down 75 points from the previous close. The NYSE said the request, put into effect yesterday, would be in forceReuter - 178 words
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Article38 1988-01-16 1 Reuter WALL STREET stocks powered ahead after the unexpected big drop in the US trade deficit. The Dow 30 index surged 54 to 1970 while over 1200 issues gained with 70 declining. Trading was heavy. ReuterReuter - 38 words
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Article42 1988-01-16 1 Reuter SHARE PRICES in London yesterday showed an immediate 15 point rally in the wake of a smaller-than-expected US trade deficit for November of U5513.22 billion. At 1341 GMT. the FTSE 100 index stood 11.7 points higher at 1,755.1. ReuterReuter - 42 words
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461 1988-01-16 1 AMY BALAN - By AMY BALAN THE SINGAPORE International Chamber of Commerce has declared its opposition to a proposal compelling publicly-listed companies to rotate their auditors. Confirming an earlier BT report, the SICC said yesterday it was the consensus of its members that mandatory rotation of461 words
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Page 1 Advertisements
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Advertisement257 1988-01-16 1 Nikon Tkt NtorM't FliMst PlWoyipMc lyilmi DOZENS OF TOP NAMES in the financial world will converge In Singapore rvext week to attend two important events. HOME NEWS, Page 2 JAPANESE Prime Minister Noboru Takeshfta ended a four-day Washington visit yesterday after making firm pledges to shore up the US dollar257 words
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Advertisement23 1988-01-16 1 IMF official hits out at G-7, Pago 4 Tokyo was closed. Full report, Page 14 Regional markets, Page 16 World markets, Page 1723 words
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Advertisement61 1988-01-16 1 Li accused of taking bribe RONALD LI, former chairman of the Hongkong Stock Exchange, was accused of taking a bribe of 1.1 million cut-price shares to help a company list its stock on the British colony's bourse. Li, 58, did not enter a plea and he will appear in court61 words
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Advertisement225 1988-01-16 1 Nikon j TIM MtorM's Mew SfSIWM j Off the cuff, now what Is the bast thing that has happsnsd to man's drassing? Page 7 piiiii THm A woman driver speaks out Page 7 Living healthily for a weekend Page Tender and quack delectable Page 9 TV programmes for today and225 words
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HOME NEWS
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378 1988-01-16 2 LEONG WEN WAH - By LEONG WEN WAH DOZENS of top names in the financial world will converge in Singapore next week to attend two related events. The events are the 23rd annual conference of governors of South-east Asian Central Banks (SEACEN) from Jan 20 to 22,378 words
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482 1988-01-16 2 TONG SUIT CHEE - By TONG SUIT CHEE THE CONSUMERS' Association of Singapore (Case) has written to two major drink manufacturers to ask them to explain the significance of savings arising from the lifting of import duty on sugar. Mr Lock Sai Hung, president of482 words
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235 1988-01-16 2 HERALDED by the Star Wars theme. Cycle and Carriage (C&C) yesterday unveiled two Mercedes-Benz models at the Pan-Pacific Hotel. The new models ars 230CE, which will cost about $180,000, and the 300CE Coupe, which will cost about $210,000. Buyers will have to wait235 words
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271 1988-01-16 2 SINGAPORE'S new copyright laws which came into force last April should wipe out a lucurative piracy industry which reportedly earned its operators an average of US$lOO million annually. This was the view of lawyer P Selvadurai, a former government Member of271 words
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200 1988-01-16 2 THE Trade Development Board (TDB) has arranged a five-day consultancy programme starting on Monday as part of its plan to encourage more Singapore electronic contract manufacturers to offer surface mount technology (SMT). Eight companies are involved in this consultancy to be conducted by Mr A200 words
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Article114 1988-01-16 2 THE Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA) is organising a course on Singapore company secretarial practice and share registration practice next month. The course will cover three main areas Singapore company secretarial and share registration practices, stock exchange practice and introduction114 words
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189 1988-01-16 2 THINK ABOUT forming "houses", Second Minister for Defence (Policy) Dr Yeo Ning Hong yesterday told the Singapore Armed Forces. Having "houses" in SAF units similar to those thst exist in schools for games and sports would lead to friendly competition. Officers and men189 words
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354 1988-01-16 2 LILY FERNANDEZ - By LILY FERNANDEZ THE BUSINESS community should take advantage of the improvements made to trade and industry agreements during the recent Asean summit, said Mr Sidek bin Saniff. The Parliamentary Secretary (Trade Industry) was speaking at the launch of the international354 words
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Article, Illustration375 1988-01-16 2 THE PEOPLE S Action Party will alternate its biennial party convention between one restricted to cadres and the other open to members. So far, its conventions have only been for party cadres. The decision to include members every fourth year, starting this year, was a375 words
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355 1988-01-16 2 TRADE will be jeopardiaed if access to markets sre not predictable or are dictated primarily by non-economic considerations, said Eugene Yap, Senior Parliamentary Secretary for both the Miniatry of Environment and the Ministry of Trade and Industry. Speaking at the opening of the Second Pacific355 words
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Article1232 1988-01-16 2 AT CONVENTIONAL WHARVES JURONQ PORT VmnI KEPPEL WHARVES AJboruni AHnufco Abto Strorti Md» Stroiti Vontur* ITohug Tourcotog G 7 April Glory Builds M Con Edtizon Kola Bortot Storn Novaa Si O Triporo Trom Hoy Tndant Bolt Victoria Ac* oongiot r«vH Baoco Aoar hZSSo* 9 Hong Shan fcagoh1,232 words
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Page 2 Advertisements
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Advertisement105 1988-01-16 2 AN EXTENDED NOW FOR A LIPERIOD'ONI Stay two nights with us and enjoy... An extra night free OR A Ss7s gourmet meal at no extra charge Coming home at *Ss7s++ gets even better! When you stay with us for two nights, you can stay on for a third night or105 words
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OVERSEAS
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564 1988-01-16 3 AFP Reuter TAIWAN'S 480.000-strong armed forces pledged full support on Thursday for new President Lee Teng-hui as tens of thousands mourned Chiang Ching-kuo at rites around the country. In a statement, the armed forces told Mr Lee that it "will follow yourAFP; Reuter - 564 words
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Article969 1988-01-16 3 DEPARTURES Operator Sorvk* Local For number thno GU GA976 0005 AUH/CDG SU SQ6 0010 NRT/OSA JAL JL714 0030 OSA KAL KE623 0035 KUL RJ RJ 183 0045 KUL/AMM OA OA471 0130 Ma/SYD SU SQ492 0300 BWN NW NW902 0530 HKG/NRT/SFO/ ORD/JHC CAL 0334 0620 WCK/HKG/TP€ MAS MH602969 words
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313 1988-01-16 3 AFP INDONESIA, whose battered economy faces tough challenges this year but has strong foreign exchange reeerves of US$B.5 billion, has slashed its current account deficit and may regieter a growth rate of some 3.2 per cent for 1967, Central Bank Governor Arffln Siregar saidAFP - 313 words
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138 1988-01-16 3 AFP A LEADER of the influential Indonesian Council of Muslim Scholars (MUI) has warned against the possible spread of Shi'ism in Indonesia. calling it a threat to the existence of Islam and the nation. Ibrahim Hosen, a member of Mill's leadership board, told aAFP - 138 words
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176 1988-01-16 3 Reuter PRIME MINISTER Msrgsrst Thstchsr wss sxpscted to fscs rebellion in her own Conservativs Psrty ysstsrdsy when she moved to kill s parliamentary bid to liberaliss Britain's strict official secrecy Isws. Mrs Thstchsr hss tsksn ths unprecedented step of imposing a "three-line whip"Reuter - 176 words
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430 1988-01-16 3 Reuter JAPANESE Prime Minister Noboru Takeshita ended a four-day Washington visit yesterdsy after making firm plsdges to shore up the US do!lsr snd to spur world trsde by opening Jspsn's markets to foreign goods. His next stop was Toronto, forReuter - 430 words
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402 1988-01-16 3 Reuter WEST GERMAN Economics Minister Martin Bangemann said on Thursday that the government aimed at expansion in the economy of 1.5 to 2 per cent this year. Mr Bangemann also told government experts who are preparing an economic report that BonnReuter - 402 words
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Article137 1988-01-16 3 Reuter INTENSE diplomatic moves to settle the Cambodian conflict went a stage further on Thursday when guerilla leader Son Sann announced he would go to France to meet the most prominent Cambodian figure, Prince Norodom Sihanouk. A spokesman for Son Sann, right-wing head of theReuter - 137 words
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Page 3 Advertisements
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Advertisement58 1988-01-16 3 T M I I I The business person's choice, every I V 11 I I IV II I Tuesday. Thursday. Saturday and Sunday I 1 VI I VI VI Leaving Changi Airport at 22:05 I JV y\ illy Vj/J- hours and arriving Heathrow eorly the following morning. Call, your Travel58 words
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Advertisement95 1988-01-16 3 THE PI TNHTII CUP 1987 FINAL m f--.• 'r? •t i >»t Ji f 3Wi a v SR Si&f3 .r JT-i: 7 f»-S tfc-Vy **r Jf* a :K^S S *y» y**-f *%ZU J* f**o •e n r» %#s.>y j* K* «g -v# -,> wgf ■---.r^-- r-^.•:.,>.v-•; <v.-. life VSi; 'n95 words
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Page 3 Miscellaneous
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Miscellaneous52 1988-01-16 3 '""m Singapore OUTLOOK: Cloudy Report for 24 hmm prior *o 7.30pm on Jon U crt Rainy day* Ms i Moscow Nassau Now D*M Now York 1 rwcoiio Oslo forte Perth Mo 'Janeiro Rome San Frte'oo San Juan Saoriogo Soo Paulo Seoul Sydney Taipei Tei Av+v Tokyo Toronto Vancouver Vienna Warsaw52 words
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Miscellaneous40 1988-01-16 3 Doonesbury PUP& ANP PUD&SES. IM HAPPy TO ANNOUNCE THAT THBPRAFTREFOfTOFHi i CALIFORNIA SELF- ESTEEM TASK FORCE IS FINW. •i m 1 m, /SW (Ms r 1 Hi BY GARRY TRUDEAU HOUJ MUCH ENOUGH TO MONEY DO FEEL6OOP UJEHAVt ABOUT. LEFT*40 words
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BANKING AND FINANCE
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422 1988-01-16 4 NYT THE Manufacturers Hanover Corp said on Thursday that its fourth-quarter earnings would drop by almost 70 per cent because of costs related to the banking company's effort to shrink its business. As part of that effort, the bank on Thursday began toNYT - 422 words
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125 1988-01-16 4 AFP THE Hongkong government said yesterday it had granted a licence to leading Swedish bank Skandinaviska Enskilda Banken to conduct business in the British colony. The bank has had a representative office in Hongkong since 1983 and is the first Swedish bank to beAFP - 125 words
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140 1988-01-16 4 AFP THE state-owned Philippine National Bank (PNB) is expected to be privatised this year after generating some 1.12 billion pesos (US$54 million) in profits in 1967, bank officials said yesterday. Bank vice-president Mrs Fely del Rosario said that in line with the government's policyAFP - 140 words
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432 1988-01-16 4 NYT THE CHEMICAL New York Corp. the corporate parent of tbe Chemical Bank, reported on Thursday that its fourth-quarter net income had more than doubled. Much of the increase, however. resulted from special, one-time factors rather than the company's main operations. Chemical reported netNYT - 432 words
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Article, Illustration176 1988-01-16 4 FOUR FINANCIAL institutions have agreed to finance the $13million construction and outfitting of the American Club's new five-storey clubhouse. PKbanken International (Asia) Ltd is the lead manager and agent bank for the eight-year facility. The other lenders are Barvque Nationale de Paris, Malayan176 words
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369 1988-01-16 4 AP A LEADER of the international Monetary Fund sharply criticised the US and other leading financial countries on Thursday for failing to keep up the price of the dollar as they had promised almost a year ago.AP - 369 words
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COMMODITIES
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Article208 1988-01-16 4 SINGAPORE The market closed lower yesterday with February One RSS buyers quoted at 225.50 cents a kg, down 1.25 cents from Thursday's close. Prices were slightly lower at the outset and fluctuated erratically in subsequent quiet morning trading on lack of interest. In the afternoon, prices eased further on208 words
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Article241 1988-01-16 4 RAS prices in S cmM« FOB In bale B NOON CLOSE 8uy«rs Sellers Buyers Sellen tot 1 RSS Prompt 228.00 229.00N 227JO 228.50N tot 1 RSS F»b 88 226.25 226.75N 225.50 226.00N tot 1 RSS Mar 88 224.50 225.00 224.00 ***** tot 2 RSS Of 222.00 224.00241 words
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Article79 1988-01-16 4 (canti/kg, 1 -ton pallata) FEBRUARY 88 MARCH 88 (currant month) (forword morrtti) RAS NOON NOON Suyan S*tl*rj luytfl S«H«r» SSR 30 227.50 229.50N 227.50 229.50N SSB 50 226.00 228.00N 226.00 *****N MRELB 8uy*n S«H*n hiywi S«ll«ri SMt CV 202.00 284.00N 283.00 285.00N SMt L 282.00 284.00N 283.0079 words
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Article125 1988-01-16 4 INCREASED buying demand from Europe yesterday pushed the price of tin on the Kuala Lumpur Tin Market (KLTM) fours cents higher st the doee to M 517.37 s kg. Stssdlsr Thursdsy's European free market and sterling's rise against the rlngglt aided the continued rise on the KLTM. The125 words
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Article266 1988-01-16 4 HONGKONG: The metal closed lower yesterday as local speculators took profits after gains in New York overnight. Bullion ended the day at U*****.50/486.00 an ounce against an initial U*****.60/486.10. This compared with New York's U*****.10/60 close. It rose in New York as recent US monthly trade data have266 words
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Article460 1988-01-16 4 Crude palm oil future closed limit-up on the KLCE yesterday in bullish trading. The market's firmness followed reports of India's purchase of 12 parcels of palm olein at its weekly tender on Thursday and reports of lower palm oil stocks in Malaysia by the Porla at the end460 words
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Article106 1988-01-16 4 SOYBEAN FUTURES on the ChicaQO Board of Trade closed mixed on Thursday with prices off 1% to up two US cents a bushel. March was down one cent at U556.20% a bushel as old-crop prices eased against the new-crop months. Professionals were on both sides of March. Soyproduct futures106 words
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Article125 1988-01-16 4 WHEAT FUTURES on the Chicago Board of Trade closed 4% to three US cents higher on Thursday with March up 3% at U553.32% a bushel. March broke through resistance at U553.30% early in the session. Traders were bullish on speculation that the USOA would soon offer EEP wheat to125 words
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Article76 1988-01-16 4 STRONG RISES were recorded in the East Asian oil markets yesterday. The position FOB Singapore seemed tight as refinery throughouts continued to be low. US$/korr»< Ol< l*« Sulpfwr Waxy MdM, LSW« 15.2 J Dubai (Nfc) 1140 ♦0.3J W«« Tom H— 17.10 0J0 mt/mn O—gi wn Vwt>) Tlijtif76 words
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Article249 1988-01-16 4 Chinese Produce Exchange Silltn noon doling prfc sat on ion 15 (SS/100 kg) Coconut oil M> FOB 116.00 Otd drum FOB 130.00 N*w drum FOB 126.00 Copra Mixed (low) 64 9oM#n Pepper Muntok «Mt* FOt NtW 1187.50 Sarawak »M)* FOB faq NtW 1172.50 Sarawak ip«ciol block FOB NtW249 words
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Article307 1988-01-16 4 London Commodity Exchange lvytr/S#Mtr doiinQ phem on Jan 14 (£/tonno unit kM m«i III ,1 r»» »p#CJT»eo i Proviou* doting prta poftwihtih. n In con— Roih io-store Lcxjon, wHtrs option d f London Jan 1187/1190 (1165/1190) Mgh/tow 1194/1187 Mor 1215/1216 (1215/1216) High/low 1223/1215 Soto (1651) Cocoa Mor 1117/1118307 words
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MONEY AND EXCHANGES
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Article1591 1988-01-16 5 CURRENCY FUTURES OPTIONS Friday, January 15, 1988 DEUTSCHE MARK (IMU) PatMaata MNp* NMt LM Ml MM 1 idi U 56 57 M 59 60 *1 *2 *3 *4 *5 66 67 66 2058 1388 838 558 308 22 108 1 1 1 1 1 II 1 1 1 R1,591 words
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Article, Illustration167 1988-01-16 5 kidUalu the average of the prime tending ratee of 12 mat or banks In S'pore Interbank market r ates (offer/bid) on Jan 15 US$ DM SWFC Y«n 7 4my% U/J* 11/14 7 7/14 J/14 1 S/U 1/14 S I 1 7/» 1/4 1 7 i/u is/u a167 words
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Article121 1988-01-16 5 Treasury bills Period Iggf Yostordoy's doting Day's cod* Maturity MO ora MGH LOW 3 iwmirtw »oe8ioiT 14> 1.88 2.92 2.87 2.92 2.87 6 mu»*h» •Y*****S 30.6.88 3.00 2.95 3.00 2.99 1 y«or 8Y*****T 24.11J8 2.96 2.91 3.17 2.24 Government notes and bonds P*r<od lssu« Maturity Coupon Yosforday's121 words
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Article143 1988-01-16 5 Gold futuroa on Jan 14 100 troy •wok; USS par troy ou a OPM Lav Mto Jan 4*7.00 JO Fab 4(1.SO tW Tft 4*1.20 4*X20 -60 Mar 4*4.20 445 JO 4*4.20 490*0 4-X*0 A#r ■mtm ***** 4*4.20 494.70 9- JO Mm 493_S0 vyt 49X40 30X10 9 JO143 words
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Article547 1988-01-16 5 EURODOLLAR futures opened almost unchanged yesterday from the previous closing level in Simex and Chicago after dull overnight trading activities. With attention focuesed on the relsass of the US trade data, the March contract traded between the opening low of 92.36 and 92.38 in dull trading. March Eurodollar finally547 words
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Article64 1988-01-16 5 THE OVERNIGHT rate on the Singapore interbank market fell point to 2tt per cent yeaterday. The one-month term rate fell 1/16 point while the two and three-month ratee remained unchanged. S$ Interbank rates at 12 noon yostorday: OWB K> Ow- <**• 2 1/3 2 1/4 i-mmtk 3 1/1*64 words
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Article648 1988-01-16 5 SINGAPORE: The US dollar clossd slightly higher against the major currencies yesterday but lower against the Singapore dollar after a thin and featurelees trading day. The US unit fluctuated within a 40-basis point range with activity confined to interbank dealers. Most operators were reluctant to take large poeibons648 words
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Article360 1988-01-16 5 ASIAN DOLLAR deposits cloeed steady at opening levels yestsrday, after a day of quiet trading. Dealers said moat operators were sidelined as they awaited the reteaae of US November trade figures due later in the day. The data was widely expected to show a deficit of between360 words
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Article232 1988-01-16 5 Interbank i ratu m at 3pm yesterday: Omvmmm mmmI mmmh HO omn «NWp«% -i-M oooors to 4 mo unit of foroign cu rrancyi as doh lor 2.0775 ***** ***** -2449 S—rtto| 1 P«^ ***** ***** ***** ■4945 AmMPOI Ian doit or 1.4425 ***** ***** 47.93 HZ da •or232 words
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Page 5 Advertisements
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Advertisement10 1988-01-16 5 IB BANQUE indosuez 3 Shenton Way, Shenton House, Singapore 010610 words
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Advertisement114 1988-01-16 5 k r 1 k WHAT BRICK IS TO BULDMGL 0.25% discount on all rates for first time private property owners for the entire loan period Bridging finance for the initial 10% downpayment available Unsecured renovation loan of up to $50,000 repayable over 5 years at only 4.25% FREE fire insurance114 words
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PERSPECTIVE
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Article529 1988-01-16 6 IN SPITE OF Singapore having the higheet ratio in Asia after Japan of installed computer to citizen, many local writers prefer the pen or the typewriter to a word processor. Though the cost of a computer is one of the reasons for this, there is another factor529 words
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Article, Illustration1768 1988-01-16 6 MARTIN FELDSTEIN - By assuring liquidity immediately after the stock market crash, the US Federal Reserve prevented a more general financial collapse and it now appears that the American economy may be able to steer clear of a recession after all. MARTIN FELDSTEIN, president of1,768 words
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322 1988-01-16 6 Concerned Corporate Officer - Franking credits a suggestion on provisional recognition letters to the Editor Concerned Corporate Officer Deer Mr I thenk the IRD for Its reply in the Jen 0 issue of Bus/neee Tlmm. titled "Propooed emondmont meent to prevent abuse It seems thst I wes not explicit enough when I releed the322 words
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137 1988-01-16 6 DF Retd - Zimbabwe what will Mugabe blame next? DF Retd DMr Sir Your headline "Drought and recession derail Zimbabwe'# investment plana" in BT was both amuaing and aad. Preaident Robert Mugabe haa put the blame on drought and receeaion. Laat year, he blamed South Africa. What will he blame next year and137 words
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Article135 1988-01-16 6 ARTHUR LOKE - 'Be fair to Drew Napier' ARTHUR LOKE Deer Sir I wea diamayed with the wey you pubiiahed the newa concerning the negligence auit facing Drew Napier. The amount Involved la very email aa compared to the many aucceesful transactions I am aware of handled by Drew Nepier. Even if the135 words
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119 1988-01-16 6 Peter Chia - Peter Chia PubHc AMatrs Mansgsr Mock Exchange of lagan Bp Your corraapondant, P L Koh, auggeeted that b«ctuM the world's loading stock markets remained opon tor trading on Christmas Eva, the Slngapora Stock Exchanga should have toiiowad suit (BT Jan 2-3 Waakand119 words
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Article113 1988-01-16 6 J L D - J L D •Ingapara Cfcanfcar Dear 8* I refer to tha paga ona story "B*CC Committee Is against proposal to rotate suOlters'' In Wedneedey'e (Jan 13, 1966) Bueinaas Tlmee, snd wish to strsss that ttia views of the Committee mentioned hava yet to be endoreed113 words
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Article106 1988-01-16 6 D W - D W Deer Sir There seems to be yet another victim of the recent stock market gyrations; I refer to the person in charge of presenting the graph of the Straits Times Index on SBC Text s page 256. On Janusry 11. the 46.26 point drop106 words
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Page 6 Advertisements
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Advertisement38 1988-01-16 6 BT wticotntt l«tt«r« from rttdtfi. Your your aignatura, full nniM, addraaa, and li numbara, If any. You may add a paaudonym, U you wish. Addraas your laftara tot Tha Editor. Bualnaaa Timat, 990, Kim Sana Road, Singapore 0923.38 words
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Page 6 Miscellaneous
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Miscellaneous701 1988-01-16 6 CRYPTIC PUZZLE ACROSS 9 Plum that's across (8) 10 Quist start to ths evening with a book (3) 11 Sending a message that's electrifying (6) 12 Fluehee an la clearly surprised (6) 13 Shout and clap (7) 14 Don't atop, you fool! (4) 15 Fed up being toaated? (7, 3)701 words
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Miscellaneous33 1988-01-16 6 BriSfcOKT: ftaaJLDicka&e IT'S NO USe I CAN'T Hf^NDl£- THIS rue 10HOLE. THiHG IS &OG&6D DOtoH U3ITM RULES RND Rej&LH/vno NS clauses FOR THIS PiND SUB THAT .prw HOAD IS SPINNING- V4BGUTS RED TAffe33 words
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Executive Lifestyle
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Article315 1988-01-16 7 I A TORCHLIGHT is a torchlight. Or is it? It may not be that straightforward, especially if it happens to be "the most powerful, most advanced pocket light in the world today". Instructions and information about this pensized little gadget, called Mitylite, come in a six-page315 words
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Article, Illustration725 1988-01-16 7 JAIME LYE - With JAIME LYE Wlth JAIME LYE THE TIME has com®, the walrus says, to speak of many things. Like, let's get something straight here what exactly do men have against women drivers? I'm a woman. I drive. Not necessarily in that order. I got my725 words
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Article, Illustration1680 1988-01-16 7 MONICA GWEE - By MONICA GWEE MEN. Are they all colour blind? Do they all go out shopping and come back with clothes exactly like those already hanging in their wardrobes? The best thing that's happened to men's dressing in Singapore in the past five years is the earning woman.1,680 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration782 1988-01-16 9 THE FOOD TEAM - FOOD By THE FOOD TEAM "IF YOU HAVEN'T visited the Great Wall, you're not an upright gentleman. If you didn't taste the roast duck, it will be a great loss you will regret in your life." We didn't say it, the Chinese did. They also say782 words
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Article, Illustration765 1988-01-16 9 RICHARD SEAH - HEALTH By RICHARD SEAH IMAGINE spending a weekend at a local hotel without rounds of eat-more-than-you-should buffets, not being allowed to laze all day. and possibly being asked to switch off the room air-conditioning and open the windows instead. What would it be like? "Still765 words
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Article503 1988-01-16 9 JAIME LYE - MUSIC By JAIME LYE TINA TURNER'S concert at the World Trade Centre next month is costing Pepsi-Cola International about $600,000 possibly the most expensive concert that is going to be held in Singapore this year. Not that they are going to get any503 words
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Article, Illustration644 1988-01-16 10 JAIME LYE - CINEMA By JAIME LYE HE LOOKS like Joe Friday. He talks like Joe Friday. He walks, thinks, and even breathes like Joe Friday. But just one question, though. Who the heck is Joe Friday? Precisely. So if you cannot recognise the four-tone644 words
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Article, Illustration580 1988-01-16 10 Jaime Lye - •i -by. Jaime Lye FOR ONCE. Christopher Reeve has landed himself a role which almost but not quite, convinces the audience that he can act It takes a little while to adjust yourself to the fact that even though Reeve is again playing a reporter580 words
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Article, Illustration728 1988-01-16 11 JEFFREY TSANG - MTornm By JEFFREY TSANG FOR A NEWCOMER to the martot. Hyundai has been exceptionally successful. In its first full year of operations, Hyundai's new car regiatrationa have been among the higheat. This is no mean feat considering its history (the first Hyundai728 words
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Article, Illustration659 1988-01-16 11 VANESSA LEE - EXHIBITIONS By VANESSA LEE THIS IS THE WAY most art exhibitions go in Singapore: If they are of paintings, the general idea is to hang up the canvases on the walls with lots of free floor space. If of sculptures, then these would be carefully allocated659 words
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Article, Illustration553 1988-01-16 11 LISA LEE - PHOTOGRAPHY By LISA LEE SEEMS LIKE everybody runs around with a camera nowadays. But in truth, it's how one handlee that knobbly square box and builds one's image that really counts. For Singapore-born photographer Ruesel Wong, the running nay, chaaing waa what brightened hia career553 words
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Article, Illustration673 1988-01-16 11 CHARLES SAVAGE - ART By CHARLES SAVAGE "IT IS A very personal, neverending search, I'm always somewhere but I never arrive." Because of this, James Tan says with an embarrassed grin, "it is difficult to tell people where I am. I'm not really sure which direction673 words
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Article796 1988-01-16 11 CINEMA: Spaeaballa starring Mel Brooks. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. hwerepace Starring Dennis Quaid, Martin Short, Meg Ryan and Kevin McCarthy. Showing at Capitol: 11; 1.30; 4; 6.30; 9.15. Stand By Me starring Wil Wheaton, River Phoenix, Corey Feldman, Jerry O'Connell and Kiefer Sutherland. Showing at796 words
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Executive Lifestyle: Sports
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Article, Illustration510 1988-01-16 12 WALTON MORAIS - GOLF By WALTON MORAIS FAVOURITE M Murugiah flirted with fate, but did enough to clinch the $3,000 bonus prize when the 1987 BP local golf circuit concluded with the final leg at Keppel yesterday. The 24-year-old needing to stay within sight of510 words
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Article, Illustration225 1988-01-16 12 AP -STEVE PATE shot a bogey-free 66 and took a one-shot lead on Thursday in the first round of the Tournament of Champions in California, the kick-off event on the 1968 PGA tour. Pate, whose only career vic•tory came last season in the SouthwestAP - 225 words
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Article, Illustration430 1988-01-16 12 BOXING Reuter FOR LARRY HOLMES, being a former heavyweight champion, a grandfather and multi-mi IHonaira set for life at age 38 just was not enough. Holmes will go to glittering Atlantic City, defying the odds set by time, in an attempt to winReuter - 430 words
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Article392 1988-01-16 12 Mike Thumba - FRIENDLY GAMES -by Mike Thumba IT HAS BEEN a tradition of the National University of Singapore Society (NUSS, the graduate body) to organise friendly games between NUS students and graduate bodies from other universities and colleges. In 1966, they took the first step in392 words
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910 1988-01-16 12 MIKE THUMBA - BRIDGE by MIKE THUMBA LAST WEEK, we discussed the second-hand play when dummy is to your right, that is, you are sitting East in no-trump contracts. Before we move on to the next topic, that is, when dummy is to your left and910 words
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Article, Illustration352 1988-01-16 12 TENNIS AFP UNDERDOG Todd Witsken of the US beat the crowd, the heat and Frenchman Henri Leconte in the first major upset of the Australian Open in Melbourne yesterday. Witsken best ssventh seed Leconte 6-4, 6-3, 6-4 in a third round match,AFP - 352 words
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325 1988-01-16 12 Reuter THE WELL-DRESSED tennis fan at the Australian Open is wearing shorts, singlet and thongs (sandals) and sometimes a lot less as the big melt continues. Bare flesh, some of it brown, some of it white and sizzling, is everywhere as Melbourne sweltersReuter - 325 words
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587 1988-01-16 12 Brian Miller - RACING on TMCk f with Brian Miller with Brian Miller JOCKEY LESLIE KHOO, who drew a blank last weak, gets his chance to saddle hie first winner of the new season when he partners the Charlea Read-trained Thrice Divorced in Race 6 in Ipoh today.587 words
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Executive Lifestyle: Personal Investment
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Article, Illustration1105 1988-01-16 13 SOH TUNG KENG - FOREIGN CURRENCIES By SOH TUNG KENG Banking Correspondent HAVE YOU considered putting your money in foreign currencies as part of a strstegy to diversify your investments? Despite the mystique that surrounds foreign exchange, there are a number of ways for individuals with modest or substantial1,105 words
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916 1988-01-16 13 SPIN-OFFS BEann&'sA amjm NYT WHEN corporate management decides that a subsidiary no longer fits into its grand design for the future, one solution is to spin off the unit to the company's shareholders. For the company, one advantage of such s transactionNYT - 916 words
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Article428 1988-01-16 13 Jeremy Eckelein - ART TRADE -by Jeremy Eckelein THE SECOND, or Bpring phase, of tho 1067*68 art market season la immlnont, and activity it dua to pick up toon. So now Is a good time to recap on the market'* performance over the paat 12 months by comparing the428 words
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Article, Illustration402 1988-01-16 13 RAMESH CHANDIRAMANI - ■y RAMESH CHANDIRAMANI ANOTHER "Blsck Mondsy" came and went this week. However, the local bourse emerged hardly the worse for it Pricee did fall, but not quite aa eeverely as many players had pathologically prepared themeelvee for over the previoue weekend. Analysts snd inveetors were quicklySource: Charismatic - 402 words
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516 1988-01-16 13 AP OUESTION: By how much did the dollar drop In ***** A. 23.6 per cent. B. 17.6 per cent. C. 9.6 per cent. D. It didn't drop. It roee. E. All of the above. Answer: E. There are different ways of determining theAP - 516 words
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992 1988-01-16 13 SHARE FUNDS IHT SCARCELY a few months ago, Mark Mobiua wee a picture of fruetration. Aa managing director of Templeton Inveetment Management (Hong Kong) Ltd, the steep rise of indexee end ssrnlngs multiples from Seoul to Bangkok and Singapore gave more than a steepIHT - 992 words
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Page 7 Advertisements
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Advertisement170 1988-01-16 7 FOR THE CARD WITH THE LONGEST INTEREST-FREE REPAYMENT PERIOD OF CHASE CLASSIC VISA THE CLOSING DATE for the New Gear contest has been extended to Jan 23. The anagrams, on the right, are the namea of six leading retailers. Just unscramble the letters to get the answers. There will be170 words
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Advertisement216 1988-01-16 7 Timeless values. These two exquisite watches, in the shape of peaches, are called «For China». The craftsmen of Geneva were renowned for their mastery of enamel and these watches are a triumph of their art. By their efforts the subtle gradations of colour found in the skin of the fruit216 words
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Page 8 Advertisements
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Advertisement875 1988-01-16 8 s* i? m T > U VANG OOURT HOTEL SINCAKMt YYli>y^Q. r*) Now you con enjoy oil your 'Ming Favourites' in an economical set dinner at Ming Palace. Served with steaming hot rice, the delightful five course set dinner include a soup, 2 meal dishes, 1 vegetable dish and of875 words
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Advertisement246 1988-01-16 8 r OU Qj v A $31 deal loga you Mam value Jbr/unA Italian style. You're in for an incredible deal with The Belvedere's Italian Buffet lunch 60 traditional delicacies for $31 (children, 15). It's an exchange which will get you deliciously confused! With tuna fish, prawns Veronese, spaghetti alle vongole,246 words
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Page 9 Advertisements
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Advertisement508 1988-01-16 9 i PALM GRILL Sunday Brunch: A great family outing. If s a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad and cheese508 words
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Page 9 Miscellaneous
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Miscellaneous1074 1988-01-16 9 Saturday BBC M.9 mHz In VHF Band N SAM World News 6.09 The World Today 6.25 A Letter from Northern Ireland 6.90 Financial News 6.40 Reflections 6.46 Sports Roundup. 7.00 World News 7.09 Commentary. 7.15 From the Weeklies 7.30 Multitrack 3. 6.00 World News 6.06 News about Britain 6.15 Radio1,074 words
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Page 10 Miscellaneous
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Miscellaneous1607 1988-01-16 10 Danny Kaye Movies Danny Kaye plays an illiterate who is mistaken for a bureaucrat friend of Napolean's in Tho Inspector QanarsL, an entertaining musical adaptation of the play by Nikolai Gogol. Walter Slezak and Elsa Lanch ester co-star. (Today, 8.90pm, Channa! 12) Horror buffs will like Thm Howling, a well-made,1,607 words
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Page 13 Advertisements
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Advertisement28 1988-01-16 13 BT welcomes Investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.28 words
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Advertisement33 1988-01-16 13 The advertisement sales sections of Business Times, Berita Harian and Borneo Bulletin are now located at 2nd level, News Centre 82 Genting Lane Singapore 1334 Tel: 743-8800 Telex: RS ***** BTAD Fax: 743-344933 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4190 1988-01-16 14 SHARE PRICES yesterday rose over a broad front on short-covering and bar-gain-hunting in quiet trading but late profit-taking pared the gains. Small investors dominated trading and intereet was focused on selected blue chips, lowly-priced counters such as warrants and rights and some speculative4,190 words
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Article225 1988-01-16 14 SINGAPORE Rises M Micas Jail4 Jaa IS 744.93 ***** 199 199 -6954 -9999 -9929 -9*19 *****99 *****99 941-57 9*9JO 1959.72 *****2 579-01 591.52 452-99 45*49 271-5* ***** 193*47 *****0 29*91 3*9.97 *27.29 *2X94 412.99 417J7 ***** 454-27 2* US 2*2.99 223*4 22X79 4102 4X10 Spar* Land MMra225 words
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Article3648 1988-01-16 14 BID and offer price* officially listed aad b—fmm In and reported to the Stock Exchange at Singapore yesterday with the number of ahares traded shown in brackets in kits at 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,648 words
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Article278 1988-01-16 14 Manogers' prices Japan Gr Fund Shanton Thrift Fund I.4S 0.7* J 130 0.7? for Jan 16 18 (JOB Management Singapore Unit Trust UnMund 0.80 0.80 Tha CoiTC* 0*1 0*7 Unfeond* otss 101 Tha Savings Fund S'pora Prog Fund 0.7* 036 085 040 AAARA-Bumiputra S'pora Sac Fund 041 046278 words
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COMPANY NEWS
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Article, Illustration445 1988-01-16 15 Start of a new phase for Wormald and Lee mm™ HOCK LOCK SIEW THE DEPARTURE of Lee Ming Tee as chairman and director of Wormald International, the fire protection and security company, marks the end of a controversial phase in Wormald's history. For Mr Lee himself. the Malaysian-born businessman whoHOCK LOCK SIEW - 445 words
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Article477 1988-01-16 15 NST PERMODALAN NASIONAL Bhd (PNB) has bought more than five million shares of Malaysia Mining Corporation (MMC) on the Kuala Lumpur stock market since the October crash. It has also increased its stake in a number of blue chip companies. In the last weekNST - 477 words
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Article, Illustration748 1988-01-16 15 LEONARD SILK - By LEONARD SILK NYT ALTHOUGH the London stock market remains "jittery and skittish", as one highly placed government economist put it, there is a growing belief in London that the danger of another market crash is receding. That beliefNYT - 748 words
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Article, Illustration502 1988-01-16 15 Inducement to help Kumagai-Gumi HK's listing Reuter THE FORMER chairman of Hongkong's stock exchange has been accused of taking a bribe of 1.1 million cut-price shares to help a company list its stock on the British colony's exchange. Ronald Li, 56, was charged withReuter - 502 words
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669 1988-01-16 15 MBT MALAYSIAN stockbrokers are divided over the issue of a graduated commission structure even though the proposal was voted out at an extraordinary general meeting of the Kuala Lumpur Stock Exchange (KLSE) last month. The Stock Exchange of Singapore (SES) went ahead withMBT - 669 words
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COMPANY BRIEFS
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99 1988-01-16 15 TWO UNITED Malayan Flour Mills Bhd (UMF) subsidiaries, Leong Hong Oil Mill Bhd and Khong Guan Vegetable Oil Refinery Sdn Bhd. have agreed to take part with Khong Quan Flour Milling Ltd in a joint venture company to be set up in Henan, China,99 words
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80 1988-01-16 15 MALAYSIA'S Capital Issues Committee has approved Kampong Lanjut Tin Dredging Bhd's proposals for a share split and a bonus issue on condition the basis tor the bonus issue is changed from two-for-three to one-for-two. Another CIC condition is that the company's dividend for the80 words
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88 1988-01-16 15 PITISAN Sdn Bhd, a member of the Fleet group of companies, has increased its shareholding in the Bank of Commerce Bhd to 20pc, represented by 14,528,000 shares. A statement by the bank said as at December last year, substantial shareholders of the Bank88 words
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489 1988-01-16 15 ROSIE TAN - By ROSIE TAN MOUNT PLEASURE Holdings:Bhd has received approval to acquire Plaza Yowchuan Phase a prestigious Kuala Lumpur shopping complex recently val-| ued at Msloo million, via an issue of new shares. In approving the acquisition;the Malaysian Capital Issues; Committee has, however,489 words
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Article489 1988-01-16 15 Current Ea Books Oat* Tolel tor ToM lor payment d*e doee peyatoi* year M year A 1 S 5%IW Dec 18 Jon 7 Feb 8 5% 5% AMOK i%w Feb 3 Feb 17 Mor 17 1% 1 2%lol Amol Steel 8%TE<b» Dec 2 Dec 16 Jon X 8%TE489 words
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REGIONAL MARKETS
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Article, Illustration506 1988-01-16 16 Company determined to maintain market share AP FOR NISSAN Motor Corp, 1988 will be a "dry spell" in the United States, a year with no new models but a determined effort to hold market share and sharpen its image, aAP - 506 words
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Article280 1988-01-16 16 Reuter MARKHEATH Securities PLC, the British property arm of Australian conglomerate The Adelaide Steamship Co Ltd (Adsteam), is considering launching a takeover bid for printing ink manufacturer Coates Brothers PLC. Markheath wanted to frustrate plans by Coates to link up with CdF Chimie. the FrenchReuter - 280 words
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163 1988-01-16 16 Reuter INDUSTRIAL Equity Ltd now holds 18.9 per cent of Peko-Wallsend Ltd, the subject of a takeover offer by North Broken Hill Holdings. lEL said in a statement it bought 5.18 million Peko shares at A 57.50 each on Thursday, taking its holding in theReuter - 163 words
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Article3151 1988-01-16 16 THE Kuala Lumpur stock market finished marginally higher yesterday on bar-gain-hunting and short-cov-ering in quiet trading with most stocks being traded within narrow range. The 30-counter New Straits Times Industrial Ordinary Share Index increased 11.78 points to 1,364.89. A broker said the bulk3,151 words
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Article, Illustration203 1988-01-16 16 Reuter JAPAN Air Lines Co Ltd (JAL) expects current profit to rise to 40 billion yen in the fiscal year ending March 31, 1992 from an estimated 17 billion yen in 1967/88, it said in a plan covering the four years to 1991/92. The higherReuter - 203 words
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Article109 1988-01-16 16 Reuter THE Hongkong government received a total of HK$l42 million from the sale of five sites at a public auction. Chu Kong Shipping Co Ltd, a China-controlled shipping firm baaed in HK. paid HKSIOO million for the largest sits, 140 per cent above the opening bid.Reuter - 109 words
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Article428 1988-01-16 16 Reuter THE AUSTRALIAN share market puahed strongly higher at the cloee yesterday aa solid interest in special situation stocks underpinned demand. Brokers said an almost seven dollar rise in bullion prices overnight alao brought steady demand for gold-related and resource issues. Trade in blue chip industrials waa buoyed byReuter - 428 words
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Article141 1988-01-16 16 Reuter THE SECURITIES Exchange of Thailand Index roee 5 23 to 311.04 level yesterday on a turnover of 4,500,830 shares worth 474.68 million baht. JAM 11 BAMT ♦A Ao Kham Thai Ayudhya In —>m«i Bangkok Agro-lnd lanli CM Ayudhya Charooog Thai Wl< A CaMa rit 2M SOS ra -0Reuter - 141 words
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Article235 1988-01-16 16 JAM 11 AM Slnoara lodua. Aaia Camant m t 2.72 MOO 00 90 •otto 1.6 2 15 1.3 1.2 0 5 KoMn 30 40 0.6 Kuochan Da* Laa Chang Yuan Cham Inoua Uan Mwi indua Nan Ya Piaa 30.70 34 70 30.00 40.00 1 1 1 1.4 Chang Hwa235 words
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Article80 1988-01-16 16 JAN 18 I Oriental B Phil OvntH Phi lax B 0 00 009 0 54 unch 0 001 unch 0 086 Apex Mining B 0 0660 0 006 -1.8 PLOT 156 2 -14 0001 Qok) San Mtgual B 116 Bitic P#trot#ufn Btnguct Con. B Ftr* PhM Htdgt L•panto B80 words
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Article1382 1988-01-16 16 Hongkong Reuter SHARE prices on the Hongkong market yesterday ctoeed slightly firmer narrow and featureleaa trading, marked by the toweet turnover since May last year, brokers said. The Hang Seng Index gained 18.25 points to close at 2,429.77, while the broader-baaed Hong Kong Index ended 11.26 pointsReuter - 1,382 words
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Article114 1988-01-16 16 JAN 11 1 WON Kal 180 •80 200 ***** -too K®r*Qwor* Ind Kia Motor ***** ***** 1^1 uwiim ino................. Dii»oo Corp DMWOO HMMF OalaMn Sacurttaa Dong Ah Pttar Oong Sufi Slock Oongbu Stoat ***** ***** ***** ***** ***** ***** ***** uneh ■>■990 310 1800 -200 1300 100 Koton Ind114 words
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Page 16 Advertisements
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Advertisement45 1988-01-16 16 Don't Invest Until you've read this book. INVrSV»Sj Only $9.50 VBOPV l*nhttsheti hi/ In the same series: Value and Tax the essential facts Explains annual value and property tax. Available at all good bookshops STP Distributors 2 Jufong Port Road Singapore 2261 Tinf* PubHmhing Group45 words
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Advertisement0 1988-01-16 16 |&@]_@>.:~%]&%"&.~=?}=_.=@%:_}?0 words
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WORLD MARKETS
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Article1026 1988-01-16 17 New York Reuter WALL STREET closed narrowly mixed on Thursday in slow trading. Nervousness ahead of the report on the November trade deficit, scheduled for release yesterday, played the key role in the market's action, sending many investors to the sidelines and keeping theReuter - 1,026 words
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Article933 1988-01-16 17 London SHARES on the London market were marked lower defensively yesterday, ahead of the scheduled release US trade figures, with the bulk of operators content to keep positions square, dealers said. The November US trade deficit is expected to be around US$l5 billion but many are becoming933 words
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Article1068 1988-01-16 17 HONGKONG Hongkong Indox Friday 37 Thursday 1.576. II WNt ago 1.609 24 All Industrials Friday 1.9681 Thursday 1.9532 WMk ogo Z004 3 NEW YORK Hang Seng Index Friday 2.***** Thursday Z4I1.52 Week o«o 2.***** Dow Jones Thursday 1.916.11 Wednesday 1,924 73 WMk ogo Z051 89 TOKYO Nikkei Average1,068 words
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96 1988-01-16 17 Reuter THE French Securities Regulatory Commission (COB) has asked the stockbrokers' aaaociation to institute disciplinary action against brokerage companies Michel Puget SA and Alain Boscher SA, a spokeswoman said. Barclays de Zoete Wedd, the investment bank of the UK's Barclays PLC. plans to takeReuter - 96 words
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532 1988-01-16 17 Stake raised to almost 24pc FT ATLANTIC Richfield. the US oil company, is considering count-er-bid for Britoil as British Petroleum announced the terms of its £2.27 billion offer for the UK oil exploration company. Arco announced early on Wednesday that it had increased its stakeFT - 532 words
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93 1988-01-16 17 Reuter THE Kuwait Investment Office (KIO) confirmed that it had raised its stake in British Petroleum Co PLC (BP) to 18.41 per cent from the 18.35 per cent announced on January 5. BP partly-paid shares closed unchanged at 72.5p and the old shares wereReuter - 93 words
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Article, Illustration371 1988-01-16 17 Reuter THE SECURITIES and Investments Board (SIB), the British government s regulatory agency for the securities industry, has given tentative approval to The Securities Association (TSA), the largest of the industry's self-regulatory organisations, a spokeswoman for the SIB said. SIB chairman Sir Kenneth Berrill,Reuter - 371 words
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245 1988-01-16 17 UPI RUPERT MURDOCH'S News America Publishing Inc has filed a petition with the Federal Communications Commission to win more time for him to sell the New York Post. News America on Thursday asked the FCC to extend the company's waivers toUPI - 245 words
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148 1988-01-16 17 AP THE stock crash has caused private insurers in 11 countries book losses of at least US$l3O billion, according to a study published on Thursday by the Swiss Reinsurance Company, which is one of the world's leaders in the business. It saidAP - 148 words
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Page 17 Advertisements
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Advertisement5 1988-01-16 17 Stockholm pctco# woro not avaltobto5 words
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Advertisement262 1988-01-16 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CONSOLIDATED PAPER INDUSTRIES PTE LTD At an Extraordinary General Meeting of the Company duly convened and held at 10 Jalan Besar #13-04, Sim Llm Tower, Singapore 0820 on the 14th January 1988 the following Special Resolution262 words
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Advertisement566 1988-01-16 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND SHIPPING AND PARTS SERVICES PRIVATE LIMITED (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 1 Colombo Court #04-06 Singapore 0617 on the 6th January 1968. the following Special Resolution was566 words
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Advertisement439 1988-01-16 17 COMPANIES ACT, CAP. jfO GUINNESS MAHON ASIA LIMITED SPECIAL RESOLUTION Passed on the 7 day of January 1968 At an Extraordinary General Meeting of the Company held at 4 Raffles Quay #03-00 Finlayson House, Singapore 0104 op 7 January 1968 the following Special Resolution was passed: RESOLVED: 1. "That Guinness439 words
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426 1988-01-16 18 LIM SOON NEO - Value of work could cross $4b mark this year By LIM SOON NEO THE TOTAL value of construction work in 1988 could cross the $4 billion mark, according to the latest issue of the CIDB Review of prospects for the construction industry. Published426 words
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476 1988-01-16 18 TONQ SUIT CHEE - By TONQ SUIT CHEE THE CONSTRUCTION industry is expected to generate $500 million in the next three years through countertrade. That is about 12 per cent of the projected $4 billion which Singapore will generate from countertrade from this year to476 words
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Article, Illustration180 1988-01-16 18 FIRST Deputy Prime Minister Goh Chok Tong yesterday signed a condolence book at the Taiwan trade office, and paid tribute to the role played by Taiwan President Chiang Ching-kuo who passed away after a heart attack on Wednesday. Speaking to reporters later,180 words
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392 1988-01-16 18 Bernama THE Malaysian government and United Engineers (M) Bhd yesterday won their Supreme Court appeals to strike out a suit by opposition leader Lim Kit Siang over the North-South highway project. In a three-two majority judgment, the Supreme Court inBernama - 392 words
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344 1988-01-16 18 AFP UPI SOUTH KOREA yesterday put its armed forces on "special alert" and warned of retaliation against North Korea after it produced a woman who claimed she helped sabotage a Korean Air jetliner to undermine the Seoul Olympic Games. "I am very sorry IAFP; UPI - 344 words
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144 1988-01-16 18 UPI CHINA and Portugal yesterday formally ratified an historic accord to end more than four centuries of Portuguese rule over the tiny gambling enclave of Macao, the oldest Western settlement in Asia. The ceremony in an ornate hall at Beijing's Diaoyutai state guestUPI - 144 words
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434 1988-01-16 18 AP ENVIRONMENT MINISTER Klaus Toepfer of West Germany said yesterday he had asked for a full-scale investigation into "dreadful suspicions" that weap-ons-grade nuclear material might have been shipped illegally to Pakistan and Libya by a West German company. The Federal Parliament has met inAP - 434 words
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222 1988-01-16 18 Bernama ES INDIA, the single largest buyer of Malaysian palm oil, feels that the current palm oil prices are much too high. The visiting Indian Finance and Commerce Minister Narayan Dutt Tiwari said his country had to draw Mslo million from itsBernama ES - 222 words
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391 1988-01-16 18 ANNA TEO - By ANNA TEO BLOCK 84 of Cheng Hong Mansion deteriorated from "liable to become dangerous" to "dangerous" in just over a month? That is what those who are still unconvinced that the structural defects of that block of private apartments pose life-threatening391 words
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187 1988-01-16 18 RESTRICTING the Far Eastern Economic Review* sales in Singapore will not curb free expression and free flow of information as claimed by The Economist, the government has said in reply to the British newsweekly. "Thanks to photocopiers and facsimile machines, the information will187 words
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Article192 1988-01-16 18 Reuter GUNMEN who ambushed the French ambassador to the Philippines seem likely to have been politically motivated professionsis, Western diplomatic sources in Manila said yesterday. The attack, the first on a foreign diplomat in Manila, was aimed at Ambassador Jacques le Blanc but itsReuter - 192 words
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Article93 1988-01-16 18 Reuter COMEX GOLD FUTURES sank on general sailing early yesterday on news of a better-than-expec-ted US trade deficit of U5513.22 billion in November compared with astimates ranging up to US$2O billion. February gold plummeted to U*****.00 from Thursday's close of U*****.20 before recovering on short coveringReuter - 93 words
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LATE FILE
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Article35 1988-01-16 18 AFP AT least 250,000 Palestinians are under economic and military blockade as the Israeli army slaps curfews on twothirds of the 23 refugee camps in the Gaza Strip and West Bank. AFPAFP - 35 words
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Article33 1988-01-16 18 AFP SOVIET Foreign Minister Eduard Shevardnadze begins a two-day visit to Bonn today aimed at paving the way for a summit between Soviet leader Mikhail Gorbachev and Chancellor Helmut Kohl.AFP - 33 words
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50 1988-01-16 18 AP THE Chinese coastal city of Fuzhou has announced that foreign businessmen will be allowed to buy or hold shares in some state-owned enterprises, a newspaper said yesterday. Foreigners have never before been invited to own part or all of a Chinese state-run business.AP - 50 words
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Article57 1988-01-16 18 AFP PHILIPPINE economic growth will fall short of the government's 6.5 per cent target for 1988. Former prime minister Cesar Virata predicted that QNP would be "3 per cent at best". The Philippine National Bank said it expected QNP growth of between 5.3 per centAFP - 57 words
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Article57 1988-01-16 18 AP SIKH extremists,, gunned down 10 people yesterday, including eight members of a family and a police inspector, police said. Two Sikh militants on a motor scooter came to the residence of inspector Prem Nath in the Sikh holy city of Amristar early yesterdayAP - 57 words
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Article60 1988-01-16 18 AP A HURRICANE that hit the South Pacific island nation of Vanuatu four days ago left hundreds of people homeless, and many have resorted to living in caves, a World Vision official said yesterday. People are desperate for food after 224 km winds on Monday buffetedAP - 60 words
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Article55 1988-01-16 18 AP SOUTH Korea will build a US$l.l billion dam equipped with major port facilities on its West coast, the Construction Minister said yesterday. Work will begin later this year to reclaim a large tract of tidal land near Asan bay on South Korea's WestAP - 55 words
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