The Business Times, 14 May 1988

Microfilm: NL16193
Total Pages: 18
1 18 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, May 14-15 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    259 1 AP Dow Jones higher THE US stock market staged a broad rally yesterday morning, inspired by falling interest rates and a steady dollar in foreign exchange. The Dow Jones Average rose 21.72 points to 1,989.72 at 1430 GMT, in the first hour of trading. Gainers outnumbered losers
    AP  -  259 words
  • Article
    Intervention fails to stop pound's rise
    145 1 THE British pound climbed above 3.17 West German marks in early trading in the London currency market yesterday, when moderate Bank of England intervention failed to stop the surge. Dealers attributed the rise to the central bank's quarterly economic report published on Thursday which
    145 words
  • Article
    Lock icon Rubber closes at eight-year high
    100 1 Reuter SUSTAINED pre-holiday covering pushed Malaysian rubber prices higher in Kuala Lumpur, with June International Ones RSS buyer rising 1.50 Malaysian cents to close at 321.50 cents a kg. an eight-year high, dealers said yesterday. Despite a lower Japanese close, local sentiment still remained firm
    Reuter  -  100 words
  • Article
    Bethlehem faces lawsuit
    613 1  -  Union accuses it of retrenchment benefits fraud By WILLIAM CHIA BETHLEHEM Singapore Shipyard (Bethsing), planning to go into voluntary liquidation, has been slapped with a lawsuit by a union accusing it of fraud and misrepresentation during negotiations on retrenchment benefits. The Shipbuilding and Marine Engineering Employees Union
    613 words
  • Article, Illustration
    Wall Street rebound lifts Asia
    156 1 MAJOR REGIONAL stockmarkets closed higher yesterday on the back of a slight rebound on Wall Street overnight. The bullish sentiment rubbed off on the Singapore stockmarket, pushing share prices to a higher close. Interest was concentrated on marine stocks. The Straits Times Industrial Index surged
    156 words
  • Article
    Trading rooms to be off-limits to investors
    438 1  -  By CORRINA LIM INVESTORS will be barred from entering the trading rooms of stockbroking firms in six months' time, according to a Stock Exchange of Singapore circular. Brokers say the SES action is aimed at clamping down on unauthorised trading and ensuring that
    438 words
  • Article
    CPF interest rate falls, so does HDB loan rate
    176 1 REVISIONS to employers' and workers' contributions to the Central Provident Fund will mean more take-home pay as well as more money in CPF accounts. But the new CPF interest rate announced yesterday also means the money will earn less interest. A
    176 words
  • Article, Illustration
    Lock icon Minister resigns over remarks about Japan's war-time role
    164 1 UPI A TOP cabinet minister resigned in Tokyo yesterday in the wake of a political furore over his insistence that Japan was not the aggressor in World War II and was only trying to protect Asia from "the white race". Prime Minister
    UPI  -  164 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      318 1 Nikon Thm Full report, Page 14 Regional Markets, Page 16 World Markets, Page 17 US businessmen see further fall in dollar, Back Page THERE IS NOTHING to be said against people's concern with the condition of their skin except that too much anxiety over the age of the skin is
      318 words
    • Advertisement
      Page 1 Advertisements Column 2
      142 1 Nikon Face to face with the past Page 7 Parnm TiMa Fatal repulsion Pag* 7 The beneficial effects of Sufi healing Page 9 Silver, dolls and all things nonya Pag* 9 TV programmes for today and tomorrow Page 10 Msta Watdi Ozone, Jupiter and a voyage from Antiquity Pag* 10
      142 words
Page thumbnail Page 2
  • HOME NEWS
    • Article
      S'pore Kobe expands operations in response to growing demand
      516 2  -  By LEE KAI YIN STRONG demand has prompted Singapore Kobe, the only manufacturer of copper tubes for air conditioners, to expand its operations here. At the same time, it has shifted some labour-intensive operations to its Malaysian subsidiary near Kuala Lumpur
      516 words
    • Article, Illustration
      When an underground shelter is no shelter at all
      175 2 ANY MORE RAIN, and these two cars at the Coronation Plaza carpark along Bukit Timah Road might have been submerged yesterday. Bukit Timah was one of more than a dozen roads hit by yesterday's torrential rains, which led to protracted traffic
      175 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      278 2 ONG YAM CHAI has been appointed research and development manager of the Applied Micro-Contamination Centre. Mr Ong, a first-class honours graduate in mechanical engineering from the National University of Singapore, was formerly with the Economic Development Board where he was involved in the evaluation and administration of
      278 words
    • Article
      Look to Japanese Swiss, SIM graduands told
      225 2 JAPANESE businessmen work on the basis of "cooperation and competition." The Swiss try to understand foreign languages and cultures. These were the two types of good business attitudes that graduands from the Singapore Institute of Management (SIM) were last night urged to emulate.
      225 words
    • Article
      Employment, traffic surveys
      126 2 THE MINISTRY of Labour is conducting the mid-1988 Labour Force Survey on employment and unemployment in Singapore. More than 30,000 households have been selected for the survey which will go on to the end of June. Interviewers, carrying identification cards from the ministry, will visit these selected
      126 words
    • Article
      A promising visit for the Swedes
      267 2 A TEAM OF SIX Swedish information technology (IT) companies concluded a tive-day mission in Singapore yesterday with no firm agreements but with many strong possibilities. Leader of the Swedish IT mission Bo Stenviken said there were many "concrete agreements" under "serious consideration". Some had
      267 words
    • Article
      Two more hospitals approved for IVF services
      116 2 THE MINISTRY of Health has given approval for in vitro fertilisation (IVF) services to be provided at American Hospital of Singapore and Gleneagles Hospital, bringing the number of private hospitals approved for such services to four. American Hospital will be working with the
      116 words
  • Article
    SHIPS IN PORT
    1313 2 AT CONVENTIONAL WHARVES VmmI B«rth Arrival Departure KEPPEL WHARVES Bungo Setowor K20 alongside 14 05 2300 Coly K35 olongside 16 25/0600 Doiyunshon ■C33 alongside 1705/2300 Eastern Glory K28 olongside U 05 1800 feiteng K32 alongside 1505/1200 Hakkin Moru •C27 alongside 1505/1500 Inobukwa K2I alongside *****600 Km Soon
    1,313 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      129 2 WORLDWIDE EXPRESS" Prompt pick-up and delivery 24 hours a day The Annual Asia/Pacific Duty-Free Show opens Tuesday 17 May for three days Over 300 brands of duty-free goods from 100 international suppliers will be on show at the Raffles City Convention Centre, Singapore from Tuesday 17 May to Thursday 19
      129 words
    • Advertisement
      Page 2 Advertisements Column 2
      140 2 m -:Ui Treat your family to a sumptuous Chao Zhou provincial meal at the Chao Zhou Garden Restaurant. Ask for our special set menu ranging from $28+ for 2 persons, $55+ for 4-5 persons or $88+ for 6-8 persons. A delectable choice of Chao Zhou dian xin are also available
      140 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      135 2 v vmm "SS/ Mai/ Not* Mln (°C) 22/08 Cloudy 19/10 Clear 26/14 Cloudy 33/26 Cleor 33/25 Cloudy 31/25 Cloudy 23/15 Cloudy 26/20 Sunny 19/10 Clear unov 21/20 Clear 21/12 Shown 24/15 Rain 21/09 Clear 15/11 Cloudy 37/19 Clear 25/10 Cloudy 17/00 Cloudy 28/17 Cloudy 24/07 Cloudy 16/09 Clear 34/23 Fine
      135 words
Page thumbnail Page 3
  • Article
    DAILY AIRCRAFT MOVEMENTS
    905 3 ARRIVALS Operator Service Local From number time MAS MH640 0820 KUL SV SV398 0835 JED/RUH KAl KE624 0840 KUL SIA SQ417 0845 DXB/KHI MAS MH65I 0910 PEN MAS MH607 0920 KUL AC AC888 0925 YYZ/LHR/BOM GIA GA9601 0935 CGK SIA SQ103 0950 KUl CAl CI806 1000 CGK
    905 words
  • OVERSEAS
    • Article
      Lock icon US retail sales down 0.6pc last month
      608 3 Reuter US RETAIL SALES declined in April after an unexpectedly sharp gain in March, the government said on Thursday in an inconclusive report that offered little new information about the health of the economy. Sales fell a seasonally adjusted 0.6 per cent in
      Reuter  -  608 words
    • Article
      Lock icon 'Tokyo carmakers add to US unemployment'
      222 3 AFP A REPORT accusing Japanese carmakers of adding to US unemployment was recently presented to the House of Representatives in Washington, the Jiji Press in Japan said. The US General Accounting Office report estimated that increased production in the US by Japanese companies could
      AFP  -  222 words
    • Article
      Lock icon Estimates of US oil and gas reserves drop
      227 3 AP ESTIMATES OF US economically recoverable but so-far-undiscovered offshore oil could be 27 per cent lower than previous estimates, according to preliminary figures released by the Interior Department. The department released new estimates on Thursday for offshore oil and gas supplies and
      AP  -  227 words
    • Article, Illustration
      Lock icon New Finance Minister had a hand in Mitterrand's win
      172 3 Reuter FRANCE'S new Finance Minister Pierre Beregovoy helped President Francois Mitterrand to a convincing election victory as his campaign manager. His appointment was announced two days after long-time Mitterrand rival and moderate Socialist, Michel Rocard, became Prime Minister. Mr Beregovoy, himself
      Reuter  -  172 words
    • Article
      Lock icon Taiwan changing China trade policy
      149 3 AFP TAIWAN IS planning to change its trade policy with the mainland by encouraging manufacturers to set up offices in Hongkong to handle increasing Taiwan-Chi-na trade, the United Daily News said on Wednesday The Taiwanese mass circulation newspaper said the proposal had been drafted by
      AFP  -  149 words
    • Article
      Lock icon White House to press for new trade bill after Reagan vetoes present one
      236 3 AFP THE WHITE HOUSE said on Thursday that it would quickly press for a new trade bill after President Reagan vetoes the one signed the day before by Congressional Democrat leaders. Spokesman Marlin Fitzwater said the new
      AFP  -  236 words
    • Article
      Lock icon New bill expected to end US-S African economic ties
      115 3 AP A GROUP of US Senators predicted on Thursday the Senate will pass legislation to virtually end economic ties between the US and South Africa, and step up pressure on Pretoria to abandon its apartheid policies. "The United States has indulged
      AP  -  115 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      107 3 il Tr I I|| The business person's choice, every 1 I II 111 I Tuesday, Thursday, Saturday and Ma MI \l I 1 f Sunday. Leaving Changi Airport at -I- V.Vy JL l 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel Aaent
      107 words
    • Advertisement
      Page 3 Advertisements Column 2
      181 3 M N r/--" mam V E»*X I; ■Ks^*- m m V V ,s-- |Z 91 mm &>" t m P Wr OM* iM*?. r i' *•'*>?•. "i Lu #5 Vx •"•v :f A -J» ■/srlrC: \m t i> «v Burbrr Autbon.<ei> Dealers: DAIMARV I SETAN-HA VELOCK. ORCHARD Z£ CLASSIQUE METRO
      181 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      30 3 Doonesbury THANKS FOR UCLL, BBN6SO THINGS (JNPERSJANP- CHAN6S, m, NICOLE. MIKE... 1 it OFCOURSa "zrfjszf HOT. BUT ICAN7SAY F&UNG&J TMNOTPGAPPOINTS?. BY GARRY TRUDEAU S/ **4 s 4> a I i
      30 words
Page thumbnail Page 4
  • MONEY AND EXCHANGES
    • Article
      Lock icon Asian dollar market
      351 4 Reuter ASIAN DOLLAR deposit rates closed steady yesterday at slightly lower opening levels, in quiet afternoon trading, dealers said. They said most operators stayed on the sidelines in the afternoon as they await the release of the US April producer price index. Short-dates eased 1/16 to 1/8
      Reuter  -  351 words
    • Article
      Forex markets
      1189 4 SINGAPORE: The US dollar closed mixed against most major currencies in thin trading yesterday, dealers said. The dollar ended slightly higher at 124.60/70 yen against New York's 124.50/60 close. It was little changed at 1.6820/30 marks against New York's 1.6820/25. Sterling ended firmer at $1.8850/60 against New York's
      1,189 words
    • Article
      Lock icon Simex
      441 4 Reuter EURODOLLAR futures closed slightly higher yesterday. dealers said. June Eurodollar rose to 92.41 from Chicago's 92.39 and September to 91.94 against 91.92 with turnover totalling about 5,380 lots. In option trading, only 10 calls changed hands. Currency futures closed mixed. June yen eased to US$O.OOBO4B from Chicago's 0.*****9
      Reuter  -  441 words
    • Article
      Government securities market
      81 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OFFER WGH LOW 3 month* 8Q*****T 11.8.88 3.39 3.34 6 months BY*****H 22.9.88 3.54 3.49 3.54 3.49 1 year BY*****Z 23.3.89 3.63 3.58 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate <%)
      81 words
    • Article, Illustration
      World interest rates
      180 4 Indicate* the iv«r*g« of tt>« prim* l*nding rat** of 12 ma|or banks In S'por* Interbank market rates (offer/bid) on May 13 us$ DM SWFC Y«n 7 dor* n/«-7 7 1/1-4 7/8 3 5/16 3/16 2 1/4 3 3 5/8 1/3 1 nMi 7 1/4 1/8 l-77/i 3
      180 words
    • Article
      Comex gold/silver futures
      164 4 Gold futures on May 12 100 troy ounces, USS per troy ounce Opm High Low IM* May ***** 2.20 Jun 450.70 454.80 449 80 453.30 110 Jul 455.60 2.10 Aug 455.50 459.00 454.90 457.70 2.00 Oct 460.20 464.00 460.30 ***** 2.00 Ok 445.90 468 JO 465.30 467.70
      164 words
    • Article
      Lock icon IMM
      277 4 Reuter IMM CURRENCY futures settled narrowly mixed on Thursday after a slow day of lacklustrer trading. Attention was riveted on next Tuesday's US March trade balance report. Traders said the 0.6 per cent drop in April US retail sales largely offset a sharp upward revision in March retail sales.
      Reuter  -  277 words
    • Article
      Money markets
      56 4 THE OVERNIGHT rate on the Singapore interbank market rose one point to 4 per cent yesterday. One month was unchanged S$ Interbank rates at 12 day: noon yester Ow o»« HO 1 month 3-month 4 3 1/2 3 3 5/S 3 7/i 3 3/8 3 7/16 3 1/2
      56 words
    • Article
      Options
      1466 4 CURRENCY FUTURES OPTIONS Friday, May 13, 1988 DEUTSCHE MARK (SIMEX) Jm« 88 cola Jim M puts 54 55 56 57 58 59 60 61 62 63 CAS CAS CAS M 81 cola High Law 169 85 31 10 3 CAS SoV Jul 88 pun 1 22 69 145 236
      1,466 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      55 4 <*• •7T > >* Kf #4^ You experience our personal touch at Liang Court Regency. The experience begins with a special welcome boucjuet. And during vour stay, you'll notice the many little things that get done quietly and efficiently. Come stay with us and experience our personal touches and comforts.
      55 words
    • Advertisement
      Page 4 Advertisements Column 2
      8 4 BANQUEINDOSUEZ 3 Shenton Way, Shenton House. Singapore 0106
      8 words
Page thumbnail Page 5
  • BANKING AND FINANCE
    • Article
      Lock icon 'Brazil debt talks near breakthrough'
      437 5 NYT NEGOTIATIONS between the US Treasury and major international banks over a restructuring of most of Brazil's foreign debt are close to a breakthrough, the banks' chief negotiator has said. William R Rhodes, the chairman of the banks' restructuring committee, said on Thursday he hoped
      NYT  -  437 words
    • Article
      Lock icon Irving panel to discuss rival bids
      136 5 UPI IRVING BANK Corporation has appointed a panel of its outside directors to discuss rival takeover bids by the Bank of New York and Banca Commerciale Italiana. The move could be seen as an indication that the first hostile takeover attempt of a major
      UPI  -  136 words
    • Article, Illustration
      Eyes to have it at OCBC Centre
      120 5 THE Oversea-Chinese Banking Corporation will introduce a computer graphics display for its products and services at the bank's OCBC Centre branch on Monday. The visual presentation, lasting eight minutes, also flashes key foreign exchange. deposit and loan rates and indicative prices for Singapore
      120 words
    • Article, Illustration
      Dollar poised for a rise, says US economist
      571 5  -  By SOH TIANG KENG, Financial Correspondent THE US DOLLAR has now bottomed out and is poised to rise this year, a visiting American economist. Mrs Nancy Lazar. predicted yesterday. The economist also emphasised that the latest round of increase in the prime
      571 words
    • Article
      Lock icon BIS member banks enjoy record growth in business
      207 5 AFP INTERNATIONAL banking business enjoyed record growth last year with an increase of US$56B billion (at constant exchange rates) in foreign claims of banks belonging to the Bank for International Settlements. Most Western banks belong to the BIS. The bank said yesterday
      AFP  -  207 words
  • COMMODITIES
    • Article
      Lock icon Rubber
      220 5 Reuter SINGAPORE Prices closed slightly higher yesterday with June 1 RSS buyers quoted at 251.00 cents/kilo, up 0.50 cent from Thursday's close, dealers said. On the TSR-20 Award market, prices eased slightly in early dealings but some short-covering helped prices to regain the losses. The market will be closed
      Reuter  -  220 words
    • Article
      RAS and MRELB
      280 5 R AS prices in S cants/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers bit 1 RSS Prompt 252.50 253.50N 252.50 253.50N bit 1 RSS June 88 251.00 252.00N 251.00 252.00 bit 1 RSS July 252.50 253.50 252.50 253.50 Int 2 RSS OP 248.00 250.00N 248.00
      280 words
    • Article
      SSR and SMR
      77 5 (cents/kg) JUNE 1988 JULY 1988 (current month) (forward month) NOON NOON RAS Svyert Setters Buyers S*lt*rs SSR 30 228.50 230.50N 228.50 230 SON SSR 30 727.00 229.00N 227.00 229.00N MRELB buyn Sellers Rvyeri Sellers SMR CV 397.50 399. SON 398.50 400.50N SMR I SMR 5 430.00 432.00N
      77 words
    • Article
      Lock icon KL Tin
      132 5 Bernama ON THE Kuala Lumpur Tin Market yesterday, business was dona at M 517.43 (exsmelter), unchanged from Thursday on an official offering of 91 tonnes. Tin futures closed steady In quiet and featureless trading ahead of the long market cloeure next week for the Muslim holiday marking the
      Bernama  -  132 words
    • Article
      Precious Metals
      339 5 HONGKONG: The metal closed lower in active trading yesterday, dealers said. They said the metal's weakness mainly reflected the steady tone of the US dollar. Book squaring selling ahead of the April US producer price index also hurt gold, they added. Bullion ended at U*****.35/75 an ounce against
      339 words
    • Article
      Lock icon Soybean
      192 5 Reuter CBT SOYBEAN futures broke a string of recent rallies on Thursday, closing five to eight cents a bushel lower July fell 7-1/2 cents to $7.16-1/4. Soybean prices closed on the lows of the day. as profit-taking emerged right from the start after five consecutive sessions of contract highs
      Reuter  -  192 words
    • Article
      Oil and Products
      83 5 A STABLE TREND characterises the market tor almost all products for June delivery. Closing prices for crude (FOB origin) USS/bofrol Chong* Topi* (May) 17.00 uncfc Minos (May) 16.28 undi Dubai (Juno) 15.00 -0.05 Wm T»,OI wn 17.52 0.02 Nn Tort dow i proviou) do IProducts (FOB S'pore)
      83 words
    • Article
      London markets
      322 5 London Commodity Exchange Buyer/Seller dosing prices on May 12 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee lath in-ttore London, tellers option OF London May 1090/1093 (1066/1067) High/Low 1104/1068 Jul 1094/1095 (1061/1003) High/Low 1109/1062 Soles (7169) Cocoa May 882/885 (897/898) High/Low 895/881 Jul 900/901 (910/912) High/Low 911/896
      322 words
    • Article
      Lock icon Wheat
      170 5 Reuter CBT WHEAT futures closed 1-1/2 to four cents a bushel lower in fairly light dealings on. Thursday. July dropped 1-1/2 cents to $3 10-1/4. The market remained under pressure from Tuesday's Usda winter wheat crop estimate, which was lower than most pre-report estimates. Morning weakness in soybean values,
      Reuter  -  170 words
    • Article
      Lock icon Palm Oil
      412 5 Reuter Reuter MALAYSIAN crude palm oil luturM market reversed its early trend to close higher yesterday on pre-weekend covering and speculative buying interest, dealers said. Prices eased initially in sympathy with weaker overnight Chicago soyoil futures and after India rejected palm oil offers for the fourth consecutive day
      Reuter  -  412 words
    • Article
      Produce Prices
      240 5 Chinese Produce Exchange Sellers' noon dosing prices on May 13 (S$/100 kg) Coconut oil Bulk FOB 107.00 Old drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loot*) 61 sellers Pepper Muntok white FOB NLW 1122.50 Sarawak white FOB foq NIW 1107.50 Sarawak special block FOB NIW 670.00
      240 words
    • Article
      Lock icon KL aiming for 30pc of Iranian oils market
      151 5 Bernama MALAYSIA is aiming at exporting 200,000 tonnes of palm oil to Iran, or 30 per cent of its total vegetable oil imports, following the lifting of the Iranian ban on palm oil for human consumption. President of the Malaysian Edible Oil
      Bernama  -  151 words
Page thumbnail Page 6
  • PERSPECTIVE
    • Article
      Digging teeth into skin
      526 6 IT IS HARDLY surprising that a cream which, it is claimed, can slow the aging of the skin from over-exposure to the sun should be selling well. The skin is at once a patently obvious and tauntingly mysterious fact of our humanity. At the level of
      526 words
    • Article, Illustration
      Lock icon Starry, starry night
      1349 6  -  By TAN KEE WEE King Lear. A STAR STREAKS across the sky at night. A river breaks its banks and engulfs nearby villages and their inhabitants. A merciless plague spreads its deadly wings across the continent. A tyrant persecutes and slaughters millions for being born Jews. Until
      King Lear.  -  1,349 words
    • Article
      More details on Ocean Towers project
      201 6 Letters to the Editor Dear Sir Business Times reported on May 5. 1988, that Straits Steamship Co Ltd is launching a $150 million Ocean Towers project. The project will provide 200,000 sq ft of lettable office area, 3,300 sq ft of retail space and
      201 words
    • Article
      Beneath all that glitter
      129 6 Dear Sir I view with alarm the increasing number of jewellery exhibitions in Singapore by foreign companies. These foreign jewellery companies are not registered Singapore companies. They simply rent a hotel suite or exhibition room to publicise themselves. The thousands of dollars of sales transacted are
      129 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      63 6 M including World Paper VThe New Debt k Militants MilitenU^^ A MONTHLY JOURNAL OF BUSINESS TRENDS Towards Singapore as a design What UOBb doing to stay ahead. The role of loss adjusters in Why Compaq b giving IBM the 11— Dives. Can entreprenevrship be taught? Investment spotlight: Parkway Holdings and
      63 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      753 6 11 i i iin rn s jann mSaa %u us hiBbBB Ami ■B CRYPTIC PUZZLE ACROSS 8 A card with a warning (7) 9 That's one for me! (5-4) 13 On the other hand, it is a win (5) 14 Drawing a beer, say (5) 15 Disgust again with beans
      753 words
Page thumbnail Page 7
  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      244 7 ONE PROUD NEW OWNER of a SAAB discovered that there is such a thing as being too meticulous about keeping your new car clean. He bought a car vacuum cleaner and spent a whole night sucking dirt out of every conceivable nook and corner. The next
      244 words
    • Article, Illustration
      Fatal repulsion
      639 7  -  With JAIME LYE A TALL, swarthy Latin hero tried to seduce me last week. It was wonderful. He serenaded me from the distance, imprisoned as he was in that elevated cell of his; his voice rising so high and strong it belied the inner torment he was feeling;
      639 words
    • Article, Illustration
      Face to face With the past
      1296 7  -  By MARGARET THOMAS YDU DON'T need a time machine to go back to the Stone Age. Just catch the next flight to Papua New Guinea and head for the Highlands. There you can meet people who until just a decade or so ago were
      1,296 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        The beneficial effects of Sufi healing
        1077 9  -  HEALTH By RICHARD SEAH ITS UNCANNY. Earlier this week, I was toying with the idea of writing an article relevant to Hari Raya Puasa. That same day, I found myself in a health store and there, almost staring at me, was The Book of
        1,077 words
      • Article, Illustration
        Silver, dolls and all things nonya
        537 9  -  ANTIQUE FAIR By LINDA CHEE EVER SEEN an antique miniature mahjong set in buffalo bone and bamboo, with the blocks just one cm long? Or satin silk wedding curtains 2.1 metres long and richly embroidered in the dreaded "forbidden" stitch? Also, wedding shoes those
        537 words
      • Article
        Deadlier than the female
        618 11  -  MEN By MONICA GWEE CHARM has its uses as any accomplished practitioner of the art will tell you. It is the magic ticket to anyone, anywhere, anything almost. So it wasn't surprising, in practical, pragmatic Singapore, that ambitious men on the go placed genuine charm high
        618 words
      • Article
        Fun for Mum, Dad and baby
        245 11 SHORT TAKES THREE MEN AND A BABY has been playing to near full houses since its opening on Sunday, and looks set to be one of the top movies this year. According to distributor Warner Brothers, the movie outgrossed The Last Emperor in ticket
        245 words
      • Article
        BILLBOARD
        890 11  -  Compiled by la Sakina Dhilawa CINEMA: Wall Street starring Michael Douglas, Charlie Sheen, Daryl Hannah and Martin Sheen. Showing at Cathay: 10.30; 1.15; 4; 6.45; 9.30. The Lett Emperor starring John Lone, Joan Chen and Peter O'Toole. Showing at Lido: 11; 2 155.30; 8.45. Three Men And A Baby
        890 words
      • Article, Illustration
        Cartier's glittering kill
        438 11 FASHION As silky sensuous shoulders rubbed with tuxedoed partners, the eight felines models in black leotards and furry face masks were let loose among the audience to view some 49 pieces of Cartier jewellery worth $20 million. TWO HUNDRED people. Dressed to kill. Except that they were
        438 words
      • Article, Illustration
        Stevie's still a wonder
        445 11  -  MUSIC By WALTON MORAIS DON'T LET ANYONE tell you otherwise. Stevie Wonder has not lost his creative genius. If mushy ditties like I just Called To Say I Love You and Part Time Lover suggested that the blind musician, who turned 38 yesterday, was taking the
        445 words
    • Executive Lifestyle: Entertainment & the Arts
      • Article, Illustration
        Much too Close for comfort
        675 10  -  CINEMA By JAIME LYE WHOEVER said the way to a man's heart is through his stomach obviously never expected Glenn Close to take it literally. Neither did Michael Douglas. So imagine his surprise when Close tries to perform an appendectomy on him with a kitchen
        675 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Liverpool set for record books
        587 12 SOCCER AFP LIVERPOOL will have to caution against overconfidence in today's FA Cup final as they bid to enter the history books by becoming the first English club to achieve a second League and Cup double. The Merseyside club, which ran away with the League
        AFP  -  587 words
      • Article
        Slaughter of the Innocents: please prove me wrong
        546 12  -  By WALTON MORAIS MY FA CUP FINAL betting principle has always been very simple. Put money on the underdog and watch your dividends grow. It has served me well in recent years. West Ham by the odd goal against Arsenal in 1980.
        546 words
      • Article
        Lock icon Fine day for the favourites
        225 12 MOTOR-RACING UPI IT WAS A GOOD DAY for favourites in the first official practice for the Monaco Grand Prix as 1987 winner Ayrton Senna gained provisional pole position in his McLaren and team-mate Alain Prost was second fastest. Senna of Brazil, who won the San
        UPI  -  225 words
      • Article
        Lock icon SQUASH Jansher, Jahangir to meet in final
        264 12 Reuter PAKISTAN'S arch-rivals Jahangir and Jansher Kahn, the top two players in the world, moved towards a showdown in the final of the World Open Squash Championships in Amsterdam with convincing semi-final victories on Thursday. But the two Pakistanis, far from bosom pals
        Reuter  -  264 words
      • Article, Illustration
        Difficult hands in takeout doubles
        582 12  -  Bridge By Mike Thumba OVER THE PAST few weeks, we have discussed a few guidelines on takeout doubles. In our discussion on these guidelines, we tried to establish the conditions under which a takeout double can be made and when it should be made. The
        582 words
      • Article, Illustration
        Lock icon Agenor upsets Wilander
        389 12 TENNIS AP RONALD AGENOR of Haiti shocked defending champion Mats Wilander of Sweden 6-3, 7-5 on Thursday night to advance to the quarter-finals of the Italian Open Tennis Championships. Top-seeded Ivan Lend I, overcoming a bad case of hay fever and the loss of six of seven
        AP  -  389 words
      • Article
        Lock icon Thorburn's case raises a storm
        247 12 SNOOKER AFP THE BARRISTER appointed by snooker chiefs to punish former world champion Cliff Thorburn for taking cocaine has been accused of letting the Canadian off the hook and handing "every player a free ticket to drug abuse". Two members of the World Professional Billiards
        AFP  -  247 words
      • Article
        Top jockeys Oo and Khoo ready for exciting battle
        581 12  -  on TMCk With JEROME FANDOR RACING RETURNS to Singapore this weekend, after a break of eight weeks. The migrant band of grooms and riding boys has already been settled in for a week, and now the trainers and jockeys have arrived,
        581 words
      • Article, Illustration
        Lock icon Eaton stands guard for Utah
        280 12 BASKETBALL AP A BIG OBSTACLE stands in the way of the Los Angeles Lakers bid to regain the home court advantage: 7-foot-4 Mark Eaton. And as far as Lakers' coach Pat Riley is concerned, the problem with Eaton is he is doing just that standing.
        AP  -  280 words
    • Executive Lifestyle: Personal Investment
      • Article
        Lock icon Stock market fever takes hold of Taiwan
        357 13 TRENDS Reuter STOCK MARKET FEVER is sweeping Taiwan, where thousands of investors are swarming into the bourse, according to market analysts. "The stock market is now bullish and we see no signs of it getting bearish in the near future," said Richard Hsu,
        Reuter  -  357 words
      • Article
        Knowing when and what to sell can -help cut losses
        980 13  -  STOCKS BEunims CORfIER 83 By RAMESH CHANDIRAMANI VERY MANY PLAYERS in very many places have lost very large amounts of money recently. Nothing new, you might say the great stock market crash last October rained losses on almost everyone connected
        980 words
      • Article, Illustration
        Lock icon Marine stocks weigh anchor
        367 13 CHART PIIIIINT by RC MARINE STOCKS have experienced some quiet but active accumulation during the past three months. And, judging by the price action yesterday, some, like shipyard stocks Keppel and Jurong, are starting to assert themselves. The October crash saw Keppel falling from $3.80 to
        by RC; Source: Investamatic  -  367 words
      • Article, Illustration
        School of Paris works for sale
        1125 13  -  ART TRADE By MONICA GWEE THE WALLS of the Lafitte and Latour rooms at the Meridien Hotel on Orchard Road are filled with an array of paintings big and small, dazzling and dour and of no particular theme. All the works are French and
        1,125 words
  • Page 7 Advertisements
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      257 8 4 COURyOISIERXO-Where to eat, drink... m a 5 Royal Holiday Inn Singapore will be scoring a first in the local hotel industry when it holds weekend sunset dinner buffet prepared by muslim chefs, during the Muslim fasting month. Join us in the observance of Ramadan and the celebration of Harl
      257 words
    • Advertisement
      Page 8 Advertisements Column 2
      236 8 MING PALACE OR POOLSIDE STEAMBOAT Bring your family and friends and enjoy our steamboat buffet dinner laden with fresh prawns, succulent seafood, fresh vegetables, eggs and noodles. Cook up a steaming hot, mouthwatering meal... mmrr.... then take a second helping or more. Share an all-you-can-eat steamboat with family and friends
      236 words
    • Advertisement
      Page 8 Advertisements Column 3
      179 8 SATISFYINGLY HYATT Discover Hong Kong ot Ruyi, our new Cantonese restaurant on the mezzanine level. Our Hong Kong chefs wiH delight your palate with lunchtime dian xian, and a la carte dinner specialities. Lunch: 11.30 am to 2.30 pm Dinner: 6.30 pm to 10.30 pm 4 NWT REGeNCY©SfJGAPORE 10-12 Scoffs
      179 words
    • Advertisement
      Page 8 Advertisements Column 4
      270 8 T i li/ni iiL vJb 'i 1 5 a* r k v* C m Bring the family for a fabubus meal of fresh seafood and Chinese dishes from our a la cane menu. At a generous 25% off the bill. But only on Sundays between 11.30 am and 2.30pm. And
      270 words
    • Advertisement
      Page 8 Advertisements Column 5
      120 8 'L<~H French amnectwn The culinary favourites of France are yours to enjoy from May 1 31. With Fines de Claires, Canard a I'Orange, Quiche Lorraine, Escargot au champignons, Coqau vin rouge, Crepes Suzette and more! Make the French connection for just Pruxsxubjectto 10% *rvurchargtand 3%fx* tar The managrmmt ratrvex the
      120 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      535 9 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN (XX USES. p\L\ W For between $26++ and S4o+ you can select from our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many lav ish
      535 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      1001 9 Saturday BBC 88.9 mHz In VHF Band II 6AM World News 6.09 The World Today 6.25 A Letter from Northern Ireland 6.30 Financial News 6.40 Reflections 6.45 Sports Roundup 7.00 World News 7.09 Commentary 7.15 From the Weeklies 7.30 Multitrack 3 8.00 World News 8.09 News about Britain 8.15 Radio
      1,001 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      136 10 a- I fr J:« (m V BKXXii i -V Lj —^Sh, V|§M wmwml v x 4ir(o 5® ih mill# s. a^Ttajbgtog Ijlfc/'lwWflfiFilß HBV i 1 > ■"?<»' wßEfrtf Bi/i Hmmm. /> f*sis*£i&sBs& «?H rjfr.JFf ffi .1 Uttfitkf tfiihiHff rimm n rfrtfrntl mn m SWT w« si KICII f < EN
      136 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1720 10 SIOIS TO WATCH Ozone, Jupiter and a voyage from Antiquity Movies Jackie Gleason and Mac Davis reprise Newman and Redford's roles in 77»e Sting 11, a limp sequel to the Oscar winner. In this romp, an old rival is out to get revenge against them and the ultimate question is
      1,720 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      69 11 The finest French restaurant in town celebrates! Louis Outhier Festival May 16—22, 1988 The celebrated 'chef extraordinaire' is here to present the finest of culinary creations in the elegant ambience of le Restaurant de France. Lunch 12.00pm 2.30pm (Monday—Friday) Dinner 7.00pm —11.30pm (Daily) To meet the masterchef himself, call early
      69 words
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      28 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
    • Advertisement
      Page 13 Advertisements Column 2
      55 13 SOTHEBY'S FOUNDED 1744 An Important Private Collection of Ming and Qing Porcelain 17th May 1988 Hong Kong A v A fine and rare blue and white Ewer, Yongle 32.4 cm HK$3-4,000,000 For Enquiries Contact SOTHEBY'S Singapore Branch 581 Orchard Road #02-15, Hilton Hotel, Singapore 0923. Telex: RS ***** HPPL Fax:
      55 words
Page thumbnail Page 14
  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      US rebound sparks off rise in local market
      4752 14 SHARE PRICES in the Singapore stock market climbed higher yesterday, recouping most of the past three days' losses. The rise was sparked off by an overnight rebound on Wall Street and other firmer overseas markets. Trading in the local market opened on
      4,752 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Is a HKSE-type ban warranted here?
      840 15 warn mm™ By HOCK LOCK SIEW THE WARRANT MANIA, which had swept Hongkong since the October crash, ended a couple of weeks ago when the Hongkong Stock Exchange announced that it would not approve the issue of any warrant that exceeds 10 per cent
      By HOCK LOCK SIEW  -  840 words
    • Article
      Business done on the SES
      3347 15 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,347 words
    • Article
      COMPANY MEETINGS
      41 15 HARIMAU INVESTMENTS Limited: 15th AGM at 65 Chulia Street #19-00, Conference Room. OCBC Centre. Singapore 0104 on Monday. May 16, at noon. WAH-CHANG ELECTROPLATING Limited: 15th AGM at 22A Jalan Terusan. Singapore 2261 on Monday. May 16. at 10am.
      41 words
    • Article
      Tonhow directors among those who sold shares to Bonvests
      239 15 THE IDENTITIES of the shareholders who sold 3.81 million Tonhow Industries Ltd's shares to Bonvests Holdings Ltd were disclosed yesterday in an announcement made by the Oversea-Chinese Banking Corporation Ltd. Schedule One lists the names of the sellers. They include Tonhow
      239 words
    • Article
      Unit trusts
      267 15 Managers' prices for May 14 16 Singapore Unit Trust The Commerce 0*2 098* The Savings Fund 081 087 S pore Prog Fund 039 043 S pore Sec Fund 064 069 S'pore Invest Fund 06S 073 S pore Equity Fund 046 OSO Asia Unit Trust Mot Invest Fund 129
      267 words
    • Article
      MBf associate obtains franchise rights of US fast food chain
      339 15  -  By CORRINA LIM AN ASSOCIATE COMPANY of MBf Holdings Bhd has signed a master franchise agreement with an American fast food chain, giving it exclusive rights to operate and sub-franchise in several countries in the Asia-Pacific region. The agreement was
      339 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      447 15 NOTICES NAM FAT COTTON GOODS MANUFACTORY (PRIVATE) LIMITED (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(2) of the Companies Act, Cap. 50, the Final Meeting of members of the Company will be held at 5001 Beach Road #07-27. Golden Mile Complex, Singapore
      447 words
    • Advertisement
      Page 15 Advertisements Column 2
      617 15 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Bok Seng of Blk 106 Henderson Crescent #08-35 Singapore (0315), has applied for a Wholesale Liquor Shop licence in respect of premises at M/s Par Investments Pte Ltd at No 11 Enterprise Road Singapore (2262), and that this application will be heard
      617 words
    • Advertisement
      Page 15 Advertisements Column 3
      626 15 NOTICE NOTICE IS HEREBY GIVEN that, I Sim Kay Hua of Blk 2, #06-100, Holland Ave, Singapore 1027, have applied for a Wholesale Beer Shop Licence in respect of premises at M/s Chin Bee Trading at No. 6 Kay Poh Rd, Singapore (1024), and that this application will be heard
      626 words
Page thumbnail Page 16
  • REGIONAL MARKETS
    • Article
      Kuala Lumpur prices close higher
      2550 16 THE Kuala Lumpur stock market closed marginally higher yesterday on bargain hunting as prices were low enough to attract more buyers from the sidelines. Reflecting the mild recovery. the 30-counter New Straits Times Industrial Ordinary Share Index rose 5.55 points to 1.586.62. The market opened
      2,550 words
    • Article
      Selected indices
      113 16 HONGKONG Hongkong Index Friday 1,673.45 Thursday 1,657.49 Week ago 1.***** Hang Song Index Friday 2.***** Thursday 2.506 88 Week ogo 2.571 74 All Industrials Friday 2.273.5 Thursday 2.254 5 Week ogo 2.303 3 NEW YORK Dow Jones Thursday 1.968 00 Wednesday 1,965 85 Week ogo 2.***** TOKYO Nikkei
      113 words
    • Article
      China-VW venture plans bond issue
      116 16 THE SHANGHAI Volkswagen Corp plans to issue 29.5 million yuan (US$B million) worth of bonds to raise funds for modernising its operation, the official Xinhua News Agency reported. Xinhua said the Chi-nese-West German joint venture, which produces Santana passenger cars for sale in China, will
      116 words
    • Article
      Lock icon Stocks close firmer
      1437 16 Hongkong Reuter HONGKONG share prices closed firmer yesterday in quiet and lacklustre trading on light bargain hunting in the afternoon, dealers said. The Hang Seng Index rose 23.75 points to end at 2,532.63, near the day's high. The Hong Kong Index gained 15.96 points to 1,673.45. Turnover
      Reuter  -  1,437 words
    • Article
      Seoul
      134 16 MAY 13 WON *b Kai ***** 300 Cluil Sugar Deetim Ind ***** ***** unch 700 Kangwon Ind Kia Motor Koton Ind ***** ***** ***** ♦700 •100 -800 Daewoo Corp Daewoo Haavy Daiahin Securities Dong Ah Phar Dong Suh Slock DongDu Steel Gotd Star ***** ***** 1500 200 Korea Long
      134 words
    • Article
      Lock icon Tokyo
      518 16 Reuter. AFP SHARE PRICES soared on the Tokyo stock exchange yesterday, heartened by an overnight rally on Wall Street and brisk sales at the US Treasury 30-year bonds. The 225-issue Nikkei Stock Average, which rebounded 51.53 yen on Thursday, added 255.73 yen to close at 27.468.31 yen. Housing, real
      Reuter.; AFP  -  518 words
    • Article
      Lock icon Sydney
      442 16 Reuter THE AUSTRALIAN share market closed higher yesterday, fuelled by modest buying from both local and offshore investors, brokers said. Gold and industrial stocks were in demand throughout the session but turnover remained thin. "Unfortunately, there hasn't been a great deal of activity and the investment philosophy of most
      Reuter  -  442 words
    • Article
      Lock icon Bangkok
      166 16 Reuter THE SECURITIES Exchange of Thailand Index rose 2.86 to 418.99 on a turnover of 5.584,242 shares worth" 513.79 million baht. Reuter MAY 13 BA.MT 1Ao Kham Thai 200 18 Ayudhya Invaatmant 3M -2 Bangkok Aground 136 5 Bangkok Bank Bank Of Ayudhya 329 352 -2 2 Charoong Thai
      Reuter  -  166 words
    • Article
      Taipei
      248 16 MAY IS AM Sinc»r» Indus Asia Cement NT S 530 90 50 0 15 2 1.5 13 0 5 ♦2 ♦0 9 Kolin Kuochan Dev Lee Chang Yuen Chem Indus Lien Hwa Indus 47 70 62 50 67 00 78 00 84 50 0 8 1.5 1.5 ♦2 2
      248 words
    • Article
      Manila
      85 16 MAY 11 PESOS Marsteei Oriental B 0 048 0 001 Aco|« Mining Phil Overseas Ptwlex B 0 034 041 unch Ape« Mining B 0 035 ♦0001 unch Ptcop B PLOT Atlas Con B Baguio Gold 22 SO -0 25 San Miguel B 186 -1 Basic Petroleum 0 018 unch
      85 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      799 16 BBL Bank Brussels Lambert Incorporated in Belgium (All figures quoted in Belgian francs) Consolidated Balance Sheet Cash, balance with the National Bank and the Postal Giro System Call money Bankers Other short-term receivables Commercial bill portfolio Debtors for acceptances Sundry debtors Securities: Public sector bills and bonds Other securities Investment
      799 words
Page thumbnail Page 17
  • WORLD MARKETS
    • Article
      Lock icon Equities close with small gain
      1015 17 New York Reuter WALL STREET closed with a small gain on Thursday, but an overwhelming concern about rising interest rates tempered most investors' appetite for stocks, brokers said. Takeover rumours added mild excitement in an otherwise sluggish market that again had its volume inflated by
      Reuter  -  1,015 words
    • Article
      Lock icon Stocks open higher
      980 17 London Reuter LONDON SHARES opened higher yesterday in response to the sharp climb in Tokyo earlier in the morning although trading volume was small as investors remained nervous after Wednesday s shakeout on world interest rate worries, dealers said. "We're generally breathing a sigh of relief that
      Reuter  -  980 words
    • Article
      Lock icon Brokers buy US$4b notes
      43 17 Reuter JAPANESE BROKERAGES bought about US$4 billion in US Treasury 10-yaar notes at Wednesday s quarterly refunding, brokerage managers said in Tokyo on Thursday. A total of US$B.75 billion was offerred in 10-year notes with a 9-per-cent coupon. Reuter
      Reuter  -  43 words
    • Article
      Lock icon Rowntree turns down offer of meeting with Suchard
      165 17 FT ROWNTREE. the UK chocolate company facing a £2.1 billion takeover bid by Nestle, has turned down the offer of a meeting with Jacobs Suchard, the Swiss chocolate and coffee group which holds just under 30 per cent of Rowntree's shares. Suchard
      FT  -  165 words
    • Article
      Toronto
      147 17 MAY ia C 1Abitibi 20% H 33% Algoma Stl 20% t-% Bank Nova Scotia 12% unch Bank Ot Montreal 25 Ball Canada 37% Bp Raaourcaa 20% unch Braacan CI A 25% CamptX Laka Canadian Imp Bank 20% 22% Carting 0 Kaata Cn Bthrt CI A 15% 18% 13% Doma
      147 words
    • Article
      Lock icon Major Airbus contract awarded to US firm
      460 17 Reuter BRITISH AEROSPACE PLC has awarded a subcontract worth US$7OO million to an American firm to build parts for the wings of a new generation of European Airbus airliners. The order to Textron Aerostructures a subsidiary of Textron Inc of Providence, Rhode Island
      Reuter  -  460 words
    • Article
      Lock icon Proposal causes confusion for trading regulators
      205 17 NYT A PROPOSAL by the Philadelphia Stock Exchange for a new trading instrument is fuelling a controversy over which regulators are responsible for the oversight of products that have qualities of both a security and a futures contract. The proposed instrument, now being studied
      NYT  -  205 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      1259 17 umw Homings bgrhsd (INCORPORATED IN MALAYSIA) PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 ST DECEMBER 1987 The Board of Directors wishes to announce the following audited results of the Group and Company for the year ended 31st December 1987. GROUP 1987 $000 Turnover Investment And Other Income Operating
      1,259 words
Page thumbnail Page 18
  • Article
    Lock icon US businessmen see further fall in dollar
    502 18 Council forecasts USslsob trade deficit in 1988 Reuter LEADING AMERICAN businessmen have predicted a drop in the US trade deficit this year of more than US$2O billion but say this will not suffice to stop a further fall in the dollar. The Business
    Reuter  -  502 words
  • Article
    Lock icon Tokyo cuts troublesome trade surplus for 12th month in a row
    193 18 Reuter JAPAN SLICED its politicallytroublesome trade surplus in April for the 12th month in a row, as imports surged to record levels. The government said yesterday that its trade surplus fell to U556.75 billion in April from U557.54 billion
    Reuter  -  193 words
  • Article, Illustration
    Lock icon Aussie monetary policy slightly tighter: Hawke
    467 18 Reuter AFP THERE HAS BEEN a slight recent tightening in Australian monetary policy, according to Prime Minister Bob Hawke. Asked at a news conference in Canberra yesterday whether monetary policy would have to be tightened in the wake of Thursday's meetings in which grants
    Reuter; AFP  -  467 words
  • Article
    AWSJ hearing: Judge to rule on restriction on Monday
    273 18 AFTER three days of High Court hearings. Justice T S Sinnathuray said yesterday that he would rule on Monday whether or not to overturn the government's decision last February to restrict the circulation of the Asian Wall Street Journal here. Yesterday's
    273 words
  • Article, Illustration
    THE GREAT INVESTMENT RACE
    361 18 THE GREAT Investment Race kicks off today with nine banks and stockbroking firms vying, for the sake of charity, to show the best return on an investment fund of $200,000. Republic National Bank of New York (S) Ltd who is the sponsor for the charity investment
    361 words
  • Article
    Lock icon UMW Holdings suffers loss of M$24.5m on turnover of M$297.7m
    318 18 MBT UMW HOLDINGS has incurred a group loss of M 524.54 million after tax and minorities for the year ended Dec 31. 1967, on a turnover of M 5297.73 million. Reflecting an upturn in the heavy equipment market, particularly in
    MBT  -  318 words
  • Article
    Lock icon Vietnam acts to stave off famine amid food crisis
    109 18 UPI VIETNAM said yesterday the government is taking emergency measures to avert starvation as food shortages become increasingly serious with more than two months to go before the next harvest. Radio Hanoi said the government wanted peasants to grow winter corn
    UPI  -  109 words
  • Article
    Lock icon Cash call may not end Stanchart's woes
    240 18 Reuter STANDARD CHARTERED PLCs forthcoming rights issue is in line with market forecasts, but analysts are not convinced that the cash call will put an end to the bank's troubles. Managing director William Brown said a rights issue of £200 million to £300
    Reuter  -  240 words
  • Article
    Lee continues talks today on Cambodian solution
    367 18  -  By LOH HUI YIN PRIME MINISTER Lee Kuan Yew continues his talks with Thai leaders today in the search for a peaceful solution to the Cambodian problem. Mr Lee will have separate meetings with his Thai counterpart, General Prem Tinsulanonda. and the Thai
    367 words
  • Article
    QC to argue habeas corpus case for five ISA detainees
    163 18 QUEEN'S COUNSEL Geoffrey Ronald Robertson will argue a habeas corpus case for five Internal Security Act detainees next Wednesday. Mr Robertson was admitted to the bar yesterday after Judicial Commissioner Chan Sek Keong approved the application of Mr Peter Low.
    163 words
  • Article
    Lock icon Indian troops to pull out of Sri Lanka
    249 18 AFP INDIAN troops are to withdraw from Sri Lanka in a phased manner. a senior minister announced in Colombo yesterday after returning from talks in New Delhi. Lands Minister Gamini Dissanayake said no date has been set for the start of the
    AFP  -  249 words
  • Article
    Lock icon Comex gold and silver
    96 18 Reuter COMEX GOLD futures drifted lower in quiet morning dealings yesterday as traders shaped weekend positions after the US producer price index for April came out as expected. "The inflation index had no surprises and people are squaring their books and getting ready for the weekend,''
    Reuter  -  96 words
  • LATE FILE
    • Article
      Lock icon Maid ban lifted for four countries
      53 18 Reuter THE PHILIPPINES lifted a ban yesterday on Filipino women working as maids in Italy. Austria. Norway and Switzerland. Labour Secretary Franklin Orilon said it was lifted because the Philippine Overseas and Employment Administration found "sufficient protection" was given to foreign workers in the
      Reuter  -  53 words
    • Article
      Lock icon Power-sharing talks in Seoul
      44 18 AP SOUTH KOREAN rival party officials began talks yesterday on sharing power in the National Assembly following last month s polls that left the government party without a parliamentary majority for the first time in the country's modern history. AP
      AP  -  44 words
    • Article
      Lock icon Soviet convoy begins pullout
      55 18 Reuter SOVIET TROOPS in tanks and armoured personnel carriers patrolled in force in Kabul yesterday and their officers said they were preparing the way for the first convoys which will start leaving Afghanistan tomorrow. "It's basically a reconnaissance operation," said Major Valery Opanasenko of the Kabul
      Reuter  -  55 words
    • Article
      Lock icon N-satellite falling back to Earth
      49 18 UPI THE SOVIET UNION yesterday admitted a nuclear-pow-ered surveillance satellite launched last December would plunge to Earth within the next three to four months but said steps would be taken to ensure its radioactive powerpack presented no danger to humans or the environment. UPI
      UPI  -  49 words
    • Article
      Lock icon Taiwan returns hijacked jet
      65 18 AFP TAIWAN swiftly returned a hijacked Chinese commercial jetliner to the mainland yesterday to avoid any discussions with Beijing over the drama. The plane, hijacked by two men to a military air base in central Taiwan late Thursday while on a flight from Xiamen to Guangzhou,
      AFP  -  65 words
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      11 18 Dollar poiaad for a rise, says visiting US aconomlat, Paga 5
      11 words
    • Advertisement
      Page 18 Advertisements Column 2
      138 18 Handy travelling sets from St Michael's Burgundy collection of men's toiletries. Practical essentials for the man on the move. Perfect gifts for the man in your life. Illustrated: Burgundy Men's Toiletries Clockwise from top left Grooming System with toothbrush, toothbrush holder, toothpaste SO ml, anti-perspirant spray 50 ml, hair body
      138 words