The Business Times, 2 July 1988
1988-07-02
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The Business Times
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Title Section12 1988-07-02 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, July 2-3 1988 75 CENTS12 words
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Article263 1988-07-02 1 AFP Dow Jones down WALL STREET stock market mixed in early trading yesterday, pausing in its earlysummer rally. The Dow Jones Industrial Average of 30 industrials rose 0.88 in the first half hour of trading, but then slipped back 7.46 points from Thursday's close to 2,134.25 oneAFP - 263 words
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475 1988-07-02 1 LISA LEE, CORRINA LIM - Five broking houses given block of six million shares each By LISA LEE, CORRINA LIM THIRTY MILLION Neptune Orient Lines shares were yesterday placed by Temasek Holdings, the majority shareholder of the shipping company, with five broking houses for $50.4 million. This works475 words
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Article, Illustration251 1988-07-02 1 LISA LEE - by LISA LEE THE GOODWOOD Group has confirmed receiving an offer of about $38 million for the Ladyhill Hotel. In a statement to the Stock Exchange of Singapore yesterday, it said no sale agreement had been reached or entered into. as the terms of the251 words
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177 1988-07-02 1 THE US dollar slipped in early trading on the London foreign exchange market yesterday after ending at its highest level against the Japanese yen since Nov 26 on the Tokyo currency market. Tokyo dealers said the dollar, boosted by speculative euphoria177 words
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Article, Illustration399 1988-07-02 1 NYT MANY PEOPLE have long speculated about the ingredients of Coca-Cola, but its maker the Coca-Cola Co has refused to identify the drink's "natural flavours". The formula has been locked in a bank vault, and only aNYT - 399 words
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Article, Illustration356 1988-07-02 1 IT WAS A great way to end the week. After rising steadily in the past four days, stock prices took to the skies yesterday, led by Singapore Airlines. Selective buying of quality stocks, mainly by local institutions. sent the356 words
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Page 1 Advertisements
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Advertisement284 1988-07-02 1 Nikon Tim MtorM'f HMat »«li|»ip>l[ I|Mm Full report, Pag* 14 Regional martots, Pag* 16 World marfcote, Pago 17 A LENINGRAD PROFESSOR recently called for the revival of classical education in the Soviet Union. It is a welcome suggestion in that classics can provide creative Interpretation of the present in the284 words
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Advertisement180 1988-07-02 1 Nikon Tfc* WwVa AMaf MatapMpMc SyMM BxtCififov<_ Lifutylts Top End, Down Undor Page 7 Someone as beautiful as you Page 7 There's value for money in Australian wines Take a stand on bad chairs Page Ears trained for tasteful trash Page Sad stale news, no way out Page 10 Weekend180 words
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HOME NEWS
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473 1988-07-02 2 LILY FERNANDEZ - By LILY FERNANDEZ DENIM WEAR exporters have been enjoying an unusually robust seasonal demand from the United States and Europe. But exporters say this is a fad which is unlikely to last through December. Exporters contacted by BT said the strong473 words
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Article101 1988-07-02 2 THE inculcation of management skills is a key step in Singapore's drive to increase its pool of skilled executives, said Or Wang Kai Yuen, Member of Parliament for Bukit Timah. Or Wang was speaking at the opening of the 16th National Management Game yesterday. The game,101 words
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Article, Illustration417 1988-07-02 2 Property prices and MRT the prospects THE OVERSUPPLY in th« property market since 1985 and the economic recession from which we have just emerged have dampened whatever positive effects the Mass Rapid Transit system have had on property development and prices, said a Singapore MRT (SMRT) manager. SMRT traffic manager417 words
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300 1988-07-02 2 TONG SUIT CHEE - By TONG SUIT CHEE WITH ALREADY TWO contracts in hand, local contractors back from a recant trip to Taiwan are eyeing several more jobs worth tens of million of dollars. Two contractors have already bagged contracts worth $6 million while another is300 words
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430 1988-07-02 2 THE SHOWCASE of Singapore's military might at yesterday's SAF Day parade was impressive. But, said First Deputy Prime Minister Gob Chok Tong, it's not enough to defend Singapore. Speaking at Paya Lebar Airport before more than 4,000 Singapore Armed430 words
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542 1988-07-02 2 BRAIN DAMAGE through sustained alcohol a buss caussd the bizarre and socially aberrant behaviour which Isd to former president Devan Nair's resignation from office, says the government White Paper released on Wednesday. According to the paper, issued to expose the circumstances behind542 words
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163 1988-07-02 2 BASF South-east Asia, a subsidiary of BASF AG, has taken over Polysar Ltd's Singapore and Malaysian latex business following the parent's purchase of the business for Cssoo million (SSB4O million). Polysar Ltd is a subsidiary of Canada's Polysar Energy and Chemical Corporation. Latex, an163 words
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121 1988-07-02 2 JAPAN'S Nippon Cargo Airlines (NCA) will start its second weekly air cargo service between Singapore and Japan next week. NCA currently operates a service to Tokyo every Tuesday. The second service will leave Tokyo at 1.55pm on Thursdays and arrive in Singapore at 7.40pm121 words
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Article1395 1988-07-02 2 AT CONVENTIONAL WHARVES KEPPEL WHARVES l Arrival Dtpirtu Anhuojiong K35 alongside 0507/2300 Boogobilla C09 alongside 0207/1700 Continent 1 <21 alongside *****000 Federal Fuji K32 alongside 0507 0600 Halle K28 alongside 0207/2300 Hommonio KI8 alongside 0207/1300 Hapten Tine <19 alongside *****600 lin Petaling 3 KI9 alongside *****600 Motarom1,395 words
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Page 2 Advertisements
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Advertisement228 1988-07-02 2 Mini Imperial Banquet now ayailakle at Golden Phoenix Sichuan Restaurant Hotel Equatorial V^lfl I It Is a connoisseur's dream come true. An Emperor's banquet in a majestic spread of exotic food that stretches to a lew days of feasting Now you can savour a mini version right here, any day228 words
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Page 2 Miscellaneous
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Miscellaneous65 1988-07-02 2 HD JE» v///y (°C) 16/07 dowdy 22/09 Cloudy 32/19 door 36/28 Qnt 33/34 Char Singapore OUTLOOK: Cloudy, W«I •howors in tt»* lata morning, ctotdng by (•port for 24 hour* prior to 7.30pm on My 1 of tho Rainy day* Ms i Nassau Now DoM Now York Ma 1 RK) JOPfl65 words
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OVERSEAS
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387 1988-07-02 3 Reuter FORMER Thai army commander Arthit Kamlang-Ek drew the largest crowd so far in Thailand's boisterous election campaign and told them he regretted helping Prime Minister Prem Tinsulanonda to power. The retired general, dumped by Mr Prem in a military reshuffle two yearsReuter - 387 words
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Article933 1988-07-02 3 ARRIVALS Operator Sorvico Local From number tfcrw SIA SQ41 0610 MAA GtA GA7312 0635 SUB MAU MK/ 0730 MRU SQ746 SU SQ23 0755 AMS/BOM MAS MH640 0820 KUL SVA SV398 0635 JED/RUM KAL KE624 0840 KUl SU SQ417 0845 DXB/KHI MAS MH651 0910 PEN MAS MH607 0920933 words
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225 1988-07-02 3 AFP FORMER French president Valery Giscard d'Estaing was elected head of the centre-right opposition group. Union for French Democracy (UDF), in Paris on Thursday. The election of Mr Giscard d'Estaing, who founded the UDF 10 years ago and then lost to President FrancoisAFP - 225 words
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242 1988-07-02 3 Reuter NEW ZEALAND'S leaders tried to calm a jittery nation on Thursday by saying there were no differences between them on the size of the budget deficit. A joint statement from Prime Minister David Lange and Finance Minister Roger Douglas saidReuter - 242 words
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228 1988-07-02 3 AP THE EUROPEAN Community on Thursday issued an improved forecast for its 1988 economic growth of 2.6 per cent after the expected recession following last October's stock market crash did not materialise. The 2.6 per cent growth was expected to drop slightly in 1989 toAP - 228 words
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304 1988-07-02 3 AP SCIENTISTS at a world conference in Toronto on the changing atmosphere called on Thursday for a 20 per cent reduction in carbon dioxide emissions by the year 2005 to combat the greenhouse effect that is trapping heat around the earth. "Every day weAP - 304 words
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549 1988-07-02 3 UPI THE 19th special Soviet Communist Party conference marked by an unprecedented public display of political bloodletting including a call for the removal of two ageing politburo members entered a fourth day of debate yesterday with signs of an everincreasing rift between reformersUPI - 549 words
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287 1988-07-02 3 AFP THE FRENCH may have gone one up on the Japanese in high technology with the development of a colour television camera that promises to change TV viewing in the *****. Thomson CSF, a French corporation based in Rennes, announced in Strasbourg,AFP - 287 words
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Page 3 Advertisements
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Advertisement59 1988-07-02 3 'I V II ji \j\ If I V The business person's choice, every I I II I II I Tuesday. Thursdoy, Saturday and I x\ #1 I Leaving Changi Airport at 1 _L V_X 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call your Travel59 words
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Advertisement6 1988-07-02 3 QUORUM PUIG E<iu deToilette for Men.6 words
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Page 3 Miscellaneous
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Miscellaneous60 1988-07-02 3 T* W*. m m* *r IW (0 I Ma ...FOR/rr-maOOßßOFTHßSO-aerfsmsnoue wens EMphasis ON MALE BONDING. m r, w BY GARRY TRUDEAU MSMd&S ÜBR£ SXPECTW7U K&eALTHBZH&MDST SOXES, SPIRITUAL, NTEUECTUAL... m •mr. T* m r m k 1 ~ANP BEFORE qcj 1 KNEW IT, I J£se. MA6 GETTING rjL£, senoosHßsr- "f 560 words
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MONEY AND EXCHANGES
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Article1407 1988-07-02 4 OCBC, Reuter Reuter SINGAPORE: THE US dollar closed firmer against most major currencies yesterday. Against the Singapore dollar, the US dollar closed firmer at 2.0487/97 in erratic trading. It traded within a range of 2.0505 and 2.0440. It opened initially at 2.0440/50. Dealers said the dollar's rally wasOCBC,; Reuter - 1,407 words
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Article423 1988-07-02 4 SEPTEMBER Eurodollar futures opened three ticks higher on Simex yesterday than the previous close at 92 03 The September contract traded higher to the high of 92.06 on a firmer dollar following speculation that US and Japan had agreed to allow the dollar's rise. The September contract finally managed423 words
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Article1525 1988-07-02 4 CURRENCY FUTURES OPTIONS Friday, July 1, 1988 DEUTSCHE MARK (SIMEX) Jut M cad* High Low 55 5* 19A 57 58 2A 59 60 Son 15 1 CA6 CAI HI*. 1616 2606 3606 JMI 66 pM6 Law 1 8a« 24 79 166 265 365 465 56 57 56 59 M*1,525 words
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Article234 1988-07-02 4 Reuter MOST IMM currency futures ended the session higher on Thursday, with only Japanese yen and sterling contracts registering losses. Trading was quiet and featureless for much of the session and many participants had already stepped to the sidelines ahead of the US holiday weekend. Mark futures settled justReuter - 234 words
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Article188 1988-07-02 4 Gold futures on June 30 100 toy ounces; USS par troy ou xe Op«l Low SMI* M 435-70 435.70 434.50 435.30 -0.40 *«Q 439 JO 439.90 435.20 437-70 -0.60 Sop 440.20 Oct ■m to 445.30 440.50 442.90 -0.50 Ok 449 50 450.30 445.*0 44*. 10 -0.50 Fab188 words
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Article225 1988-07-02 4 Asian market Reuter ASIAN DOLLAR deposit rates ended steady yesterday at opening levels after a day of quiet trading, dealers said. They said most operators were sidelined and reluctant to create fresh positions in view of the long holiday weekend in the US. Reuter us$ OFC» MO 7 doyi 7Reuter - 225 words
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Page 4 Advertisements
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Advertisement91 1988-07-02 4 Irresistible! Lobster Indonesian style KINTA-MANI INDONESIAN RESTAURANTFresh. Savoury. An appetising delight available in exclusive varieties. Specially prepared in exotic Indonesian style to give you that distinctive dining experience. Try our|Lobster Sambal, Lobster Tumis and Grilled Lobster among many others or, opt for our special Indonesian Lobster Set Lunch and Dinner.91 words
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Advertisement10 1988-07-02 4 IB banque indosuez 3 Shenton Way, Shenton House. Singapore 010610 words
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BANKING AND FINANCE
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296 1988-07-02 5 Bernama PUBLIC BANK Bhd will continue its conservative and cautious lending approach to ensure the bank achieves its forecast profit of M 563.66 million for calender 1988, the bank's president, Tan Sri Teh Hong Piow, said on Thursday. The bank would rather lend atBernama - 296 words
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Article83 1988-07-02 5 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID HIGH LOW 3 months BQ*****T 29.09.88 3.77 3.72 3.75 3.75 6 months BY*****T 24.11.88 3.81 3.76 3.74 3.74 1 year BY*****Z 23.3.89 3.83 3.78 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate83 words
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Article, Illustration186 1988-07-02 5 Indicate* the average of the prime lending rate* of 12 major banka In S'pore pp. Interbank market rates (offer/bid) on July 1 us* DM SWFC Y«o 7 doyi 3 mth 6 12 m*h 7 13/14 11/14 7 3/4 J/i 7 7/9- 3/4 1-77/1 3/8 1/4 1/2 3/i186 words
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Article60 1988-07-02 5 THE OVERNIGHT rate on the Singapore money market fell !4 to 3% per cent yesterday. One and two months were were unchanged, three months rose 1/16. S$ Interbank rates at the close yester day: OffH WO night 3 3/4 S/S 1 -mon* 4 3 7/t 2 mrtti 460 words
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169 1988-07-02 5 FT THE PHILIPPINES has requested a meeting with a committee ot creditor banks next month to discuss changes to a US$l3.2 billion debt rescheduling agreement signed last December as well as a request for new money. Mr Vicente Jayme, Finance Secretary and Mr Jose Fernandez,FT - 169 words
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80 1988-07-02 5 UPI THE ASIAN Development Bank has approved two concessional loans totalling US$lO5 million for Bangladesh for an industrial expansion project and repair of flood-damaged roads and railways. An announcement by the Manila-based bank said a $40 million loan will help Bangladesh restore roads andUPI - 80 words
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392 1988-07-02 5 'Disturbingly large' amounts of margin loans FT HONGKONG BANKS lent "disturbingly large" amounts of money on margin against securities before last October's stock market crash, but emerged from the crisis largely unscathed, according to Tony Nicolle, Banking Commissioner. The commissioner's annual report,FT - 392 words
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237 1988-07-02 5 Reuter THE DOLLAR is at a historic crossroad after its steady three-year fall, and some dollar traders, although still a minority, say its long decline may now be ending. After a long journey from its peak in February 1985, the dollar hit all-timeReuter - 237 words
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251 1988-07-02 5 Reuter WEST GERMANY announced higher interest rates on Thursday in a move to staunch an outflow of capital and dampen a risk of higher inflation. The Bundesbank (central bank) said that from last Friday its discount rate, held at a record low 2.5Reuter - 251 words
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COMMODITIES
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Article118 1988-07-02 5 THE products market wit thinly traded on volume but the general beariahneaa across the barrel continued following the failure of crude to recover Wedneaday'a loeee. The outlook for almoet all products appears, for the moment, pessimistic However traders are hopeful for a recovery In the Nymex. uosing118 words
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Article163 1988-07-02 5 ChlntM Produce Exchange Sollors' noon closing prices on July 1 (S$/100 kg) Coconut oil k* FOt 124.00 OM drum FOt 134.00 N«w drum FOt 138.00 Copra Mix*d IIoom) 71 Pepper FOt NIW -A. -A- t— 1007JO jorawut wtww FOt Icq NLW 992-50 Sarawak iptdo) block FOt NLW .I163 words
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Article299 1988-07-02 5 London Commodity Exchange Rvyef/SeWer doting prices on June 30 (£/tonrw unlets specified). Previous doting prices in paremhetit. Coffee Both kn-store tendon, tellers option CIF London Jul 1040/1043 (1066/1070) High/Low 1060/1035 Sep 1064/1065 (1088/1090) High/Low 1075/1058 Solos (7694) Cocoa M 950/951 (930/927) High/Low 950/932 Sep 972/973 (955/956) High/Low 973/950299 words
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Article98 1988-07-02 5 Reuter SOFT RED winter (SRW) wheat futures rallied in late trade on the Chicago Board of Trade on Thursday to close up the current daily permitted limit of 30 cents a bushel, after grains rallied on forecasts of continued crop-damaging weather in the midWest Spot July, which no longerReuter - 98 words
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Article319 1988-07-02 5 Reuter HONGKONG: Gold closed higher in active trading yesterday. Bullion ended at U*****.50/90 an ounce against an initial 435.40/90 and compared with New York's final 435.00/50. On the local market, gold rose HK$5 to closs at HK54.064 a tael. Coins wsrs stssdy to lower, with the Krugerrand endingReuter - 319 words
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Article137 1988-07-02 5 Rtuter SOYBEAN FUTURES ended higher on the Chicago Board of Trade on Thursday, with smallest gains in near months. Spot July, which has no daily trading limit since deliveries were announced this week, closed up 55 cents at US$9.B6 a bushel, while new crop November ended up 39-1/2 centsRtuter - 137 words
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Article167 1988-07-02 5 Reuter SINGAPORE Rubber prices closed quietly stsady yesterday with August 1 RSS buyers price quoted at 265.00 cents/kilo. On the TSR-20 market prices closed slightly lower. August buyers price closed at 231.00 cents/kilo. MALAYSIA Malaysian rubber prices closed generally saaier yesterday. International Onea RSS buyer for August the newReuter - 167 words
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Article294 1988-07-02 5 RAS prices In S C«ita/k9, FOB In M M NOON CLOSE Buyors «vasn Buyors Sellen Int 1 RSS Prompt 263.50 264.50N 265.00 266.00N bit 1 RSS August 88 Int 1 RSS Sop 263J0 264.50N 265.00 266.00 264-50 265-50 266.00 267.00 Int 2 RSS OP 262-50 264.50N 264.00294 words
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Article77 1988-07-02 5 (canto/kg) AUGUST 1988 SEPTEMBER 1988 (current month) (forward month) RAS NOON NOON Bvy*r» Man tuyars Sallart SSR 20 233-50 235.SON 233.50 235.50N SS« 50 231.50 233.50N 231.50 233.50N MRELB kywt S*il»ri Ivytri Saltan SMR CV 556.50 558.50N 558.50 560.50N SMR L 556.50 558.SON 558.50 560.50N SMR 577 words
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Article154 1988-07-02 5 Reuter THE KLTM price yesterday eased three centa from Thursday's dose to M 518.39 a kg on profittaking, deapite a firmer European spot tin market on Thuraday. The fall reflected a technical correction to the recent upaurge, aa buy era refrained from taking new poaitiona after having committedReuter - 154 words
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Article431 1988-07-02 5 Reuter MALAYSIAN CRUDE PALM OIL FUTURES closed higher yesterday in stsady trading on the KLCE. Dealers said prices wers at limit up at the opening session following a sharp rise on the Chicago Board of Trade soybean futures overnight. Prices held steady in the afternoon which dealers attributedReuter - 431 words
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PERSPECTIVE
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Article425 1988-07-02 6 AS PERHAPS one of the least noticed aspects of the changes sweeping the Soviet Union, a Leningrad professor recently called for the revival of classical education in the country. According to The Christian Science Monitor, Dr Alexander Zaitsev suggested that the pre-1917 system of classical gymnasia be425 words
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361 1988-07-02 6 M K Chua - letters to the Editor M K Chua Dear Sir Alvin Tay's article on May 25, 1988, on the shortage of junior clerical staff in the banking industry raises a fundamental issue that is often confused with pay. The assumption that a361 words
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Article301 1988-07-02 6 Khadija Kalim - Khadija Kalim Dear Sir The Small Claims Tribunal (SCT) was set up with the primary aim of providing a simple, cheap and quick system of justice which consumers can use to resolve their disputes with traders. About three-and-a-half years old, the SCT had already301 words
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Article111 1988-07-02 6 Mistaken Identity - Mistaken Identity Dear Sir Will the relevant authorities look into the misnomer now prevailing with the listing of Keppel Corp Warrants 1993? Another warrant by about the same name, Keppel Warrants, has since been repeatedly mistaken for the former. Informatively, the latter is the TSR of111 words
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145 1988-07-02 6 Dmt Sir I refer to your report "Local contractors win 93 per cent public sector jobs" (June 24). We apologise that due to a computer mix-up, the figures for the table "Market share of mechanical electrical engineering contracts" were pasted onto the table145 words
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88 1988-07-02 6 R Mortis - R Mortis Dear Sir The Ministry of Environment prevents access to the long seashore beside Changi Airport for some unexplained reason. Would it not be agreeable to have easily accessible car parks off the main road next to the trees? This88 words
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Article84 1988-07-02 6 Tammie Loke (Mrs - Tammie Loke (Mrs) Dear Sir We thank D W Distant for his letter asking the MRTC to install some seats at the Orchard MRT Station (June 18). We have been observing the situation on our own for some time now and have decided to provide84 words
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Article1114 1988-07-02 6 LAWRENCE TAN - By LAWRENCE TAN SOME OF US grew up with TV in its infant days, effortlessly enjoyed its easy entertainment and, let's admit it, were influenced by its sense of morality, mostly from the familial heartland of a bygone America. It's a good thing Leave It1,114 words
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Article360 1988-07-02 6 Dave Davies - Dave Davies Dear Sir I'm bemused, but at the same time only a little amused. Why is it that newspaper editors always think it necessary to refer to a piece of advertising sent by mail as "junk"? (June 25). Is it because the360 words
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Page 6 Advertisements
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Advertisement85 1988-07-02 6 Decisions, decisions.The least you should worry about Is the bed you sleep on. You re *»Med to come and be on our «atert>e<fe tor up to 10 hours rt our prrvate rooms and experience the drtlerence tor yourssft More and more people around the world are ■■EXXMNH b^M nnin to85 words
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Page 6 Miscellaneous
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Miscellaneous791 1988-07-02 6 1 CRYPTIC PUZZLE ACROSS 9 What made the bug pick you? (3, 6) 10 Conclude the man was shut up (8) 12 Records taken from a trunk (4) 13 She's not quite the tallest anyhow (6) 14 Ordered to get equipment in for the soldiers (7) 15 Experience, as you791 words
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Executive Lifestyle
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Article352 1988-07-02 7 TWO TYPES of people attend the performances by illusionist David Copperfield those for whom money is no object and those who can barely afford the cheapest tickets. The front and back portions of the World Trade Centre Hall 4 are usually packed, leaving an empty space352 words
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Article, Illustration661 1988-07-02 7 MONICA GWEE - Letfo. W Lc+jt&h. MONICA GWEE I APOLOGISE if this turns out to be another modern fable about a young man, his young life and a clutch of dreams that evaporated somewhere along the way to the car park housing his Ferrari. Years ago, I saw661 words
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Article, Illustration1087 1988-07-02 7 LISA LEE - Top End Down Under You can't change this land no matter who you are By LISA LEE MY JACKET was flapping in the wind like some wild billowing denim flag and for a moment I thought I would take off and be blown over the steep side of the rock,1,087 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration725 1988-07-02 9 RICHARD SEAH - HEALTH By RICHARD SEAH TO GET TO the bottom of the problem of sitting badly, take another look at the chair you sit on. We spend a major part of our lives on chairs at least eight hours in the office each day, usually725 words
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748 1988-07-02 9 N K YONG - By N K YONG AUSTRALIANS have known for a long time that on a value for money basis, they make some of the best wines in the world. They kept this to themselves for as long as they could, simply by not exporting748 words
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Article, Illustration665 1988-07-02 9 Roger Loh - O i/* fy Roger Loh A COLLEGE PROFESSOR, who devoured the music of Gustav Mahler with the hearty appetite of a world class gourmet, was heard to have said after being indoctrinated by hours of Omgo Bomgo at a fraternity party that there was a665 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration765 1988-07-02 10 LAWRENCE TAN - CINEMA By LAWRENCE TAN JANE CRAIG is a plucky up-and-coming television producer. She's in love with the job. she's in love with the news and she's about to fall in love with Tom Grunick. Life is a mess. Aaron Altman is a totally765 words
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Article, Illustration493 1988-07-02 10 JAIME LYE - By JAIME LYE RULE NUMBER ONE about love affairs in the Pentagon have it in a motel, hotel, park bench or wherever; but for goodness' sake stay away from stretch limousines. Little did Navy officer Tom Farrell (Kevin Costner) know what he493 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration773 1988-07-02 11 MONICA GWEE - MEN By MONICA GWEE WHAT DO YOU DO if you've already got a 7 that the driver washes every morning? "The 5 is a different type of car, the man said. "Which one do you like?" he asked. "The one with no roof." I said.773 words
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Article, Illustration748 1988-07-02 11 CHARLES SAVAGE - EXPEDITIONS By CHARLES SAVAGE THEY DON'T USUALLY crowd jetties or river banks. With the sun to watch over them and surf to play footsy with, the adventurous Pioneer Angling Club sets sail to catch real fish like barracuda, snapper, and tuna. Travelling by bumboat or748 words
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Article, Illustration406 1988-07-02 11 JAIME LYE - STAGE By JAIME LYE IF THE QUESTION uppermost in everyone's mind at David Copperfield's performance was "How did he do it?", the question uppermost in mine was, "Alright, so where's the blood?" He sawed women in half; he sawed himself in half; he turned chickens406 words
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Article527 1988-07-02 11 Sekina Dhilawala - compiled by Sekina Dhilawala CINEMA: Inaact starring Steve Railsback, Gwynyth Walsh and John Vernon. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Fatal Attraction starring Michael Douglas. Glenn Close and Anne Archer. Showing at Jade 1: 11; 1.30; 4; 6.30; 9. Crocodile Dundee II starring Paul Hogan and Linda527 words
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Executive Lifestyle: Sports
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Article, Illustration763 1988-07-02 12 BARRY WOOD - TENNIS By BARRY WOOD CHRIS EVERT's attempt to block arch-rival Martina Navratilovas march to the Wimbledon final ended in controversy as the defending champion won the 129minute battle 6-1 4-6 7-5 on a disputed line-call. Chris, looking stunned, stood behind the baseline for 30 secondsa Punch cartoon - 763 words
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184 1988-07-02 12 GOLF THE SINGAPORE Island Country Club will play host on Sunday to a new international golf competition featuring 65 golf clubs from around the world. Called the Cross Continental Cup, the mixed-pairs tournament, which is sponsored by Lufthansa, BMW and Bogner Sportswear, will184 words
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Article841 1988-07-02 12 JEROME FANDOR - on TMCK —< With JEROME FANDOR With JEROME FANDOR THE SINGAPORE Gold Cup the richest, most prestigious and certainly most glamorous classic of the Singapore and Malaysia turf is here. At 4.25 pm tomorrow, 19 runners will hurtle out of their starting stalls chasing841 words
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308 1988-07-02 12 YACHTING Reuter KOOKABURRA 111 of Australia and Japan's Bengal 111 employed superior fresh-wind tactics on Thursday to reach today s final of the world 12-metre yachting championship in Sweden. Kookaburra continued its unbeaten match race record with wins over New Sweden and itsReuter - 308 words
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Article, Illustration247 1988-07-02 12 CHARLES SAVAGE - BOXING By CHARLES SAVAGE GHANAIAN Nana Yaw Konadu predicts he will knock out World Boxing Council fly-weight champion Sot Chitlada in six rounds in their Sep 14 fight at the National Stadium. The 21-year-old undefeated contender, who is also the British and Commonwealth, and African247 words
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Article394 1988-07-02 12 ATHLETICS AP THE WIND blew Sergei Bubka's chances and the Olympic Stadium crowd of 21,236 in Helsinki booed the two-time Soviet pole vault world champion. Bubka, who has broken almost 20 outdoor and indoor world records during his career and three weeks ago raised the outdoorAP - 394 words
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Article, Illustration360 1988-07-02 12 Mike Thumba - Bridge By Mike Thumba INDONESIA reached third place in the open team finals of the First Far East Bridge Congress held here last month with a grand slam. They were the champions of the Far East Bridge Championship. On the second day of360 words
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365 1988-07-02 12 CYCLING AP THE TOUR de France is becoming a foreign affair, won last year by Stephen Roche of Ireland and two years ago by American Greg LeMond This year, another American, Andy Hampsten, is at the top of the list of favourites forAP - 365 words
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Article, Illustration291 1988-07-02 12 MOTOR-RACING Reuter AFTER TWO MONTHS and three races in Mexico and North America. the Formula One circus has returned to Europe's high-speed circuits rife with gossip and intrigue as McLaren's all-conquer-ing Alain Prost and Ayrton Senna duel for the world drivers' championship. After sixReuter - 291 words
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Executive Lifestyle: Personal Investment
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Article, Illustration1175 1988-07-02 13 RC - mm -by RC EVEN WHILE investors are wary that the local stock market is in need of a correction, they continue to buoy up the market. Latecomers to the game are furtively searching the newspapers daily for stocks that are undervalued,Source: Chartamatic - 1,175 words
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Article410 1988-07-02 13 ART TRADE by Sotheby's Research Department THE RESULTS of the major sales during the past week largely reinforce a pattern which has been evident for some time a small number of exceptional results against a background of lacklustre fortunes. In London, there was a special sessionby Sotheby's Research Department - 410 words
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Article, Illustration648 1988-07-02 13 RAMESH CHANDIRAMANI - WORLD ECONOMY By RAMESH CHANDIRAMANI, Special Correspondent FINANCIAL MARKETS worldwide have begun to fret about the dangers of inflation, and justifiably so too. The world has enjoyed a lengthy period of falling inflation since 1980 While it had been a boon forSource: Bain & Company - 648 words
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575 1988-07-02 13 CURRENCIES FINANCIAL MARKETS have a habit of making fools out of nearly everyone, especially the economists. At the start of this year, most economists argued that the Group of Seven central banks would be unable to prevent another sharp dollar fall. But the575 words
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Article, Illustration501 1988-07-02 13 Ramesh Chandiramani - [?f§QQtf by Ramesh Chandiramani LAST WEEK'S remarks about the vibrancy of the local stockmarket continue to hold true today. Volume remains very heavy, the buying is still powerful, and even profit-taking pressures haven't been able to dent the market's highly-spirited marchSource: Chartamatic - 501 words
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440 1988-07-02 13 CORRINA LIM - COMPETITIONS By CORRINA LIM ALTHOUGH Paul Morgan Associates continues to set the pace in the Great Investment Race, it will need to keep an eye on dark horse Algemene Bank Netherland N V. The latter has suddenly taken hold of the440 words
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Page 7 Advertisements
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Advertisement124 1988-07-02 7 Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE m Wi 1% V'i v. p4 •V f. i* f r Oe <a>\ <7V It -"mi t *j- >"-/« Z t .■.Jt r "/.MIiMS, > Faithful to the traditional art of watchmaking, each watch is124 words
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Page 8 Advertisements
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Advertisement776 1988-07-02 8 COURYOISIERXO WHERE IfO E4J, DRINK SATISFYINGLY HYATT Discover Hong Kong at Ruyi, our new Cantonese restaurant on the mezzanine level. Our Hong Kong chefs will delight your palate with lunchtime dion xian. and a la carte dinner specialities Lunch: 11.30 am to 2.30 pm Dinner: 6.30 pm to 10.30 pm776 words
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Advertisement137 1988-07-02 8 My 4th, everyday The Belvedere's American buffet lunch is a month long celebration of July 4th stretching from July I—3l. With Prawns on ice. Smoked turkey breasts. Oyster Rockefeller. Roast L*S prime rib! Apple pie. California snow ball and much, much more! Celebrate July 4th every day for just $31137 words
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Page 9 Advertisements
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Advertisement294 1988-07-02 9 ENTERTAIN 4 <^rill W r' R Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an earty lunch on a lazy Sunaay. Sausages, bacon, eggs any way you want them oysters smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad294 words
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Advertisement202 1988-07-02 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFE T ANCTTHKR IS THE CHOICE OF MAIN (XX'RSKS PALM For between $26+ and $40+ -W. you can select from our appetiser OKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish202 words
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Page 10 Miscellaneous
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Miscellaneous1504 1988-07-02 10 $1015 TO WATCH Spies, space and The Company of Wolves Movies A NAVAL OFFICER in self-imposed exile in Florida for abandoning ship while on duty tries to redeem himself by investigating the death of an old man and fellow boat owner. In the process, he uncovers a plot involving the1,504 words
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Miscellaneous996 1988-07-02 10 Saturday BBC M.9 mHz In VHF Band II BAM World News 6.09 The World Today 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. 6.00 World News 6.06 News about Britain. 6.15 Radio Newsreel 6.30 Personal View 6.45 Recording996 words
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Page 11 Advertisements
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Advertisement265 1988-07-02 11 Do you have the stomach forahealthy investment? Most executives are very good about taking care of their investments. Of the financial kind that is. But when it comes to their health, they fall short. Let's face it. When was the last time you really took care of your body? I265 words
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Page 13 Advertisements
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Advertisement23 1988-07-02 13 BARTHOLOMEW WORLD ATLAS WDKLDATIAS The name well renowned for World Atlas colourful and easy to use. Available at all goad bookshops STP Distributors23 words
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Advertisement28 1988-07-02 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, S'pore 0923.28 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4935 1988-07-02 14 SELECTIVE INTEREST in blue chips and quality stocks pushed the Straits Times Industrial Index to it's post-October crash high yesterday. SIA led the pack of advances while lower-priced issues underwent wide-spread profit-taking on moderate volumes. After surging 3-points in the first half-hour, the4,935 words
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Page 14 Advertisements
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Advertisement12 1988-07-02 14 Unit Trusts tsMs, PAGE 15; Business dons on ll>s SES, PAGES 15,12 words
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COMPANY NEWS
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742 1988-07-02 15 LISA LEE - By LISA LEE THE RECENT UPTURN in the hotel industry has prompted market analysts to predict that last year's unprofitable listed hotels should break even this year while steady performers would turn in higher profits. Despite the strong upsurge in hotel stocks last week,742 words
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164 1988-07-02 15 THE KUWAIT Investment Office is now a substantial shareholder of Avimo Singapore, having paid almost $32 million for a 10 per cent stake. On Wednesday, founding shareholder Chan U Seek sold his entire stake of 7.5 million shares held through his164 words
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199 1988-07-02 15 MBT LANDMARKS Holdings has filed eight civil suits in relation to the huge provision of Ms 99 million for doubtful debts and other items incurred in 1966, managing director Hassan Abas said on Thursday. Speaking to reporters after the company's annual generalMBT - 199 words
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Article90 1988-07-02 15 ALEXANDRA Holdings Ltd has reported a profit after taxation but before extraordinary items of $844,487 for the current year, down by more than half from $1.95 million Profits for the year ended March 1988 fell despite a tripling in turnover from $4.14 million to $13.72 million. The90 words
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Article85 1988-07-02 15 MBT BEDFORD'S after-tax losses widened to M 517.16 million for the year ended December 31, 1987, compared with M 53.65 million previously. However, group turnover improved 14 per cent to M 52.97 million. Bedford's sizeable loss came after making provision for doubtful receivables of M 52.37 million,MBT - 85 words
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224 1988-07-02 15 MBT MALAYSIAN Assurance Alliance (MAA) has slipped into the red with an after tax loss of M 53.19 million for end-December 1987 against a profit of M 51.33 million previously. An operating loss of M 53.73 million came in the second half yearMBT - 224 words
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157 1988-07-02 15 MBT SAN HOLDINGS, trading in which has been suspended on the Kuala Lumpur Stock Exchange since 1976, is up for sale. Anyone who has suitable business activities or assets to inject into San Holdings to enable a relisting of the company can doMBT - 157 words
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168 1988-07-02 15 Reuter KUMPULAN Guthrie Bhd, the largest Malaysian owned planta-tion-based company, reported group operating profit of M 5114.4 million in 1987, up 96.3 per cent from M 558.28 million in 1986. Turnover rose 19.3 per cent to M 5566.22 million from M 5474.31 million. TheReuter - 168 words
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Article, Illustration370 1988-07-02 15 CORRINA LIM - After-tax earnings rise by more than 150 pc By CORRINA LIM METALOCK (S) LTD whose latest after-tax earnings soared by more than 150 per cent due to the upswing in marine activities expects to continue with a healthy growth rate. The company has already received370 words
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Article4465 1988-07-02 15 BIO 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".4,465 words
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Article114 1988-07-02 15 Singapore 0106 on Saturday. July 9, at 11am. Johan Holdings Berhad: 63rd AGM at Bouganvilla 2, 1st Floor, Petaling Jaya Hilton, Jalan Barat. Petaling Jaya. Selangor Darul Ehsan on Thursday, July 14. at 11am. Metro Holdings Limited: AGM at 65 Chulia Street. #19-00 OCBC Centre. Singapore 0104 on114 words
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Article285 1988-07-02 15 MonogeiV prices Jopon Gr Fund 1 49 154 for July 2/4 Stonton Thrift Fund 085 085 Singapore Unit Trust UOB Management Unitund 094 094 Th» Commerce 102 109* Un.bond 101 1035 Th# Savings Fund 087 093 S'por* P'Ofl Fund S'por# S«c Fund S'por* btvMi Fund S pof» Eqwty285 words
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Page 15 Advertisements
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Advertisement462 1988-07-02 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAR 50 KENNEDY FAR EAST PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) At the Extraordinary General Meeting of the Company deemed to be duly convened and held on 27 June 1068 at #14-05 Parkway Parade 80 Marine Parade Road Singapore 154 a462 words
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REGIONAL MARKETS
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159 1988-07-02 16 Reuter A 31-YEAR-OLD British banker was released on bail of HK$l million (US$128,000) yesterday after appearing in court in Hongkong, charged with accepting bribes from former Hongkong businessman George Tan. Stuart Leslie Turner, a former executive director of Barclays Asia, is chargedReuter - 159 words
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483 1988-07-02 16 FT FLETCHER CHALLENGE of New Zealand is to buy half of Papel de Imprensa (Pisa), a troubled but ambitious Brazilian newsprint company, in a US$B3 million deal which Pisa says puts it back on the road to growth. Mr Antonio Carlos PereiraFT - 483 words
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Article3933 1988-07-02 16 A DEARTH of fresh factors caused share prices on the Kuala Lumpur stock market to close mixed to easier yesterday as light bargain hunting alternated with profit-taking. A broker noted that lower liners, which were actively pursued in the past week, bore the brunt of selling3,933 words
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467 1988-07-02 16 AFP JAPAN'S securities firms adopted new rules to combat insider trading yesterday but many analysts say the move is a typical Japanese non-event which only provides window-dressing for the Tokyo Stock Exchange. The rules, drafted by the securities industry itself pending theAFP - 467 words
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Article196 1988-07-02 16 Reuter AMOY PROPERTIES Ltd, listed subsidiary of the Hang Lung Development Co Ltd, has revised its offer to minority shareholders of the Local Property Co Ltd. The Amoy proposal, approved by the Securities Commission, involved an initial general offer of HK$l2O for each Local 'A'Reuter - 196 words
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Article1396 1988-07-02 16 Hongkong HONGKONG STOCKS closed firmer yesterday, supported by moderate speculative buying, but the market lacked clear direction due to the absence of fresh factors, brokers said. The Hang Seng Index rose 13.15 to 2.684.64 and the broader-based Hong Kong Index 9.79 to 1,776.42. Turnover eased to HK5912.791,396 words
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Article133 1988-07-02 16 JULY 91 WON Chad Sugar Daalim irtd Daewoo Corp Daewoo Haavy Daiahin Sacuntiaa Dong Ah Phar ***** ***** ***** ***** ***** ***** 700 -1100 -800 2100 100 -200 Dong Suh Slock Dongbu Staai ***** ***** -200 -9200 GoldStar Hand Bank Ha nil Camant Hankufc Qiaaa Hanyang Cham teal Hyundai133 words
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Article486 1988-07-02 16 Reuter TOKYO SHARE prices closed down yesterday due to profit-taking on many large capital issues which were heavily bought in the morning, with investors unwilling to hold on to stock for long considering volatile yen/dollar rates. "The market has more or less discounted dollar levels of around 134-135 yen,"Reuter - 486 words
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Article482 1988-07-02 16 Reuter OEMANO FOR heavy, weight resource stocks pushed Australian share prices to a firmer close yesterday as the market recouped most of Thursday's losses. The focus of attention during afternoon trade was the announcement by Bond Corp of its plans for the Bell group of companies. which added interestReuter - 482 words
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206 1988-07-02 16 Reuter BOND CORP Holdings Ltd has confirmed market speculation that it purchased parcels of shares in Bell Resources Ltd and JN Taylor Holdings Ltd from Industrial Equity Ltd (lEL) and Kerry Packer's Consolidated Press Holdings Ltd. Bond purchased 36.07Reuter - 206 words
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Article150 1988-07-02 16 AP YAMAHA CORP. the world's largest musical instrument maker, said yesterday that it would build an audio component factory in north-eastern France that would be its first overseas plant specialising in audio products. Construction of the factory would start in October at Monswiller. Alsace, withAP - 150 words
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WORLD MARKETS
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Article1042 1988-07-02 17 New York Reuter WALL STREET stocks closed a mostly quiet session on Thursday with firm gains, ending the second quarter on a sure footing. Traders said falling oil prices cooled inflationary- fears and helped steady bond prices. A postcrash high in the Transportation Index alsoReuter - 1,042 words
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Article985 1988-07-02 17 London Reuter LONDON SHARES opened mixed yesterday but with a predominantly firmer bias in response to the 19.73-point higher closing overnight on Wall Street, dealers said. The dollar's underlying strength, despite Bundesbank dollar sales in the morning, helped push the internationals ahead, with ICI andReuter - 985 words
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Article964 1988-07-02 17 Selected indices HONGKONG Hongkong Index Fridoy 1.776 42 Thursday 1.766 63 Week ago 1.791 77 Hang Seng Index Friday 2.684 64 Thursday 2.671 49 Week ago 2.707 56 All Industrials Friday 2.468 7 Thursday 2.476 7 Week ago 2.487 7 NEW YORK Dow Jones Thursday 2.141 71 Wednesday 2.***** Week964 words
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202 1988-07-02 17 FT TELEVISION South, the British commercial television company which serves Southern England, has reached agreement to buy MTM. the US independent television production company, in a deal worth US$325 million. It will be by far the most ambitious acquisition by TVFT - 202 words
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139 1988-07-02 17 Reuter FRED LEE, a Hongkong businessman charged with engineering a US$l9 million US insider trading scheme, may also be liable under Switzerland's insider trading law, a government official has said. "My understanding is that (Swiss insider trading laws) would apply," Gary Lynch,Reuter - 139 words
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373 1988-07-02 17 US steps up investigations Reuter A NEW LAW making insider trading a criminal offence in Switzerland took effect yesterday amid stepped-up probes by the US Securities and Exchange Commission (SEC) into Swiss links to illegal dealing in US Stocks. So far this year,Reuter - 373 words
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Article, Illustration277 1988-07-02 17 Reuter A BATTLE for London's Savoy Hotel, symbol of old-fashioned and refined good taste for a century, heated up yesterday when shareholders weighed hostile takeover moves by hotel industry giant Trusthouse Forte PLC (THF). Many brokerage analysts thought Savoy Hotel PLCReuter - 277 words
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168 1988-07-02 17 NYT THE BANK of New York Co said it was prepared, under certainconditions, to revive its sweetened US$l.4 billion bid to acquire the Irving Bank Corp. The bid had been dropped after living's board said it coufd not meet a deadline set byNYT - 168 words
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455 1988-07-02 17 FT THE MADRID bourse has proved to be one of the top performers among European stock markets since the start of the year, with share prices rising by about 30 per cent. The Madrid General Index, the main market indicator covering 74FT - 455 words
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90 1988-07-02 17 Reuter TSB GROUP PLC chairman Sir John Read said the financial services group has expressed an interest in Girobank, the Post Office banking service that the British Government intends to privatise. Sir John told a news conference in London on Thursday fol- lowing theReuter - 90 words
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262 1988-07-02 17 Reuter MERGER TALKS between the Commodity Exchange (Comex) and the New York Mercantile Exchange (Nymex) have stalled. "I don't think our negotiations with Nymex are going any further. They've made it pretty clear they're not interested in a merger right now," Comex chairmanReuter - 262 words
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Page 17 Advertisements
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Advertisement7 1988-07-02 17 Amsterdam and Stockholm prlcos woro not available.7 words
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Advertisement76 1988-07-02 17 Keep a date with Sevvy Ballesteros the Sevvy Way BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, horse-racing, tennis, bowling, etc. And, of course, the all-round executive76 words
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Article, Illustration429 1988-07-02 18 AP BORIS N YELTSIN, the former protege of Soviet leader Mikhail S Gorbachev, who was ousted as Moscow Communist Party boss last autumn, appealed to the 5,000 delegates at the Communist Party conference in Moscow yesterday for his "political rehabilitation", TassAP - 429 words
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216 1988-07-02 18 Reuter A SENIOR Communist Party economic official predicted yesterday that the Soviet Union could eventually have its own stock exchange under reforms promoted by Kremlin leader Mikhail Gorbachev. Evard Figuranov of the party central committee's economic department told a news briefing in Moscow that theReuter - 216 words
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120 1988-07-02 18 AFP BRITISH Prime Minister Margaret Thatcher will visit Australia between Aug 1 and Aug 6 to attend celebrations for the bicentennial of the country's settlement by British colonists, officials said in London on Thursday. The official visit will be Mrs Thatcher's firstAFP - 120 words
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482 1988-07-02 18 JEFFREY TSANG - By JEFFREY TSANG THE UNPRECEDENTED DEMAND for retail space along the Orchard Road belt is forcing some foreign retailers thinking of setting up shop here to either defer plans or look for alternative sites. Because of this lack of space in the prime area and482 words
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271 1988-07-02 18 THE INTERNATIONAL Metalworkers' Federation (IMF) which has portrayed unions here as being run mainly by government and employer agents has been taken to task by Mr Goh Chee Wee. Mr Goh, an sssistant secre-tary-general of the National Trades Union Congress, rejected the federation's report,271 words
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150 1988-07-02 18 THE Singapore International Monetary Exchange announced last night new trading records for the Nikkei, Japanese yen and options contracts for June. Turnover for the Nikkei stock index hit an all time-high of 65,972 lots last month, breaking the old monthly record150 words
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189 1988-07-02 18 THE Malaysian-based Sime Darby Group has entered into a joint venture with Britain's largest private health care organisation to develop private health care opportunities throughout Asean and Hongkong. Bupa Sime Shield, as the joint venture company will be known, will market189 words
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192 1988-07-02 18 UPI, AFP THE MALAYSIAN High Court has postponed until today its decision on whether to order a halt to the proceedings of a royal tribunal currently deliberating if the suspended head of the judiciary should be sacked for misconduct. A lawyerUPI,; AFP - 192 words
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170 1988-07-02 18 Reuter JAPAN unveiled a string of economic indicators yesterday that showed May to have been one of its best months ever. Unemployment was at a three-year low, inflation was miniscule and the trade surplue grew smaller. And it still had enough moneyReuter - 170 words
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Article55 1988-07-02 18 SEVEN people have been appointed directors of the National Productivity Board, according to a government gazette released last night. Their one-year term started from June 16. The seven are: Ong Yen Her, Foo Meng Tong, Darry F Griff is, Othman Haron Eusofe, Koh Soin Khuang, Varukatty A55 words
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Article96 1988-07-02 18 COMEX gold futures gained slightly early yesterday on commission house short-covering ahead of the long holiday weekend. August gold rose US$O.lO at U*****.70 an ounce. Prices were confined to very narrow ranges in quiet dealings following similar action in London. Sentiment remained on the defensive due96 words
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LATE FILE
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35 1988-07-02 18 Reuter MALAYSIA® former welfare minister. Detuk Saharir Abdul Samad, resigned from Parliament yesterday to force a by-election and test the popularity of Prime Minister Datuk Seri Mahathir Mohammad's new party. ReuterReuter - 35 words
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Article29 1988-07-02 18 Reuter CHINA'S parliament approved yesterday the restoration of military ranks, abolished 23 years ago in the heyday of communist leader Mao Tse-tung's egalitarian Ktoato. ReuterReuter - 29 words
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Article37 1988-07-02 18 Reuter SWEDEN'S Attorney-General, Ebtoe Cartoon, who headed an abortive, secret probe into the murder of Swedish Prime Minister Olof Palme said yesterday in Stockholm he believed Iran was behind the 1906 killing. ReuterReuter - 37 words
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Article46 1988-07-02 18 AP THE World Bank hopes to boost lending by 10 per cent annually in the coming six years and is depending on the US to make its delayed contribution of new capita!, a top bank official said in Washington yesterday. APAP - 46 words
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Article40 1988-07-02 18 AP A LEADER of Nicaragua'a Contra rebels said yesterday in Guatemala City US Secretary of State George P Shultz is considering sharply reversing American policy and offering economic aid to the leftist Sandinista government. APAP - 40 words
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Article45 1988-07-02 18 AP AUSTRIAN President Kurt Waldheim yeaterday withdrew a lawsuit for slander against Edgar Bronfman, president of the World Jewish Congress, who last year described Mr Waldheim as "part and parcel of the Nazi killing machine", a spokesman said in Vienna. APAP - 45 words
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Page 18 Advertisements
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Advertisement237 1988-07-02 18 Rift wMmm bftWMn Soviet reformers and conMrvathros, PAGE 3 0 45 *±0) Jj 4 T- K^ET 7 &Wb\A U l^-t*A,#\> C. Itoh Co. Cosmo Oil Singapore Pte Ltd Dowa Fire Marine Insurance Co. Ltd Daiwa Singapore Ltd Fuji Bank Ltd A Honda Motors Hokkaido Takushoku Bank Japan S'pore Ins. fA237 words
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Advertisement132 1988-07-02 18 Propfty pdcM and MRT, Pag* 2 4 9 I L At St Michael, our wines and food complement one another perfectly. For instance, White Burgundy, a dry white wine specially selected from the 1986 vintage made from Char don nay grapes of the Burgundy region in France, is excellent with132 words
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