The Business Times, 25 February 1989
1989-02-25
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The Business Times
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Title Section12 1989-02-25 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, February 25-26 1989 75 CENTS12 words
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524 1989-02-25 1 KEVIN GWEE - Kah Fuh takes 12.18 pc stake By KEVIN GWEE SEA VIEW HOTEL Ltd. which has been widely rumoured as a takeover target, has a new substantial shareholder. In a statement to the Stock Exchange of Singapore yesterday, Sea View disclosed that Kah Fuh Retail524 words
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607 1989-02-25 1 MAGDALENE NG - By MAGDALENE NG DIRECTORS of takeover target Apollo Enterprises Ltd are sticking to their guns: "Reject the cash offer of $1.70 a share from Hong Leong Enterprises Pte Ltd (HLE), a member of the Hong Leong group". Apollo shares fell two cents to607 words
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411 1989-02-25 1 TAN KEE WEE - By TAN KEE WEE SINGAPORE will have to monitor the move by Indonesia to normalise relations with China because it will have bearing on the Republic's relations with Beijing, said a Member of Parliament yesterday. Mr S Chandra Das, chairman of the Government Parliamentary411 words
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251 1989-02-25 1 PRIME MINISTER Lee Kuan Yew said that Japan could play the role of a catalyst and turn Asia into a world market. This would be because America and Europe had reached their saturation points as far as imports were concerned, said251 words
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Article259 1989-02-25 1 Dow Jones down WALL STREET stocks continued to fall early yesterday following a Federal Reserve discount raise. Rising interest rates are bearish for stocks, brokers said, though they may fight inflation. The Dow was off 19 points at 2270 and decliners led gaining issues by over two-to-one.259 words
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369 1989-02-25 1 Agencies THE Federal Reserve Board yesterday boosted its key lending rate, the discount rate, from 6.5 per cent to 7 per cent, effective immediately at the same time that the White House reiterated its opposition to higher interest rates. This follows aAgencies - 369 words
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Article39 1989-02-25 1 PARLIAMENT will sit on Friday, March 3, at 2pm, the Clerk of Parliament announced yesterday. The highlight ot the sitting will probably be the presentation of the Budget for the next financial year by Finance Minister Richard Hu.39 words
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Page 1 Advertisements
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Advertisement221 1989-02-25 1 Nikon Th« Wtorid't Fintst Photographic System. Tighter credit Page 5 More stories, BACK PAGE Telok Ayer Market 2 STPB invites new tenders Furniture exports 2 Expected to grow at a slower rate this year Mobile communications 2 High customer demand and lower costs fuelling international boom Trade reform 3 Compromise221 words
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Advertisement231 1989-02-25 1 'j i 1 Tht World's Flnost Photographic System. 1/4 L Lsi^£/}^twJ!-C~ -•-us. mm V i tmg*i J| .4tikiW. ■*X*'P > $1 »i--n'vvr Sft «*T a*? t'• SoPfe; Looking for Mr Badbar Page 13 East meets West Page 14 WMkMJ TV TV programmes for today and tomorrow Page 16 The Pical-Phelps231 words
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HOME NEWS
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Article, Illustration424 1989-02-25 2 SUZANNE SOH - Earlier bidders surprised and unhappy By SUZANNE SOH TENDERERS for the Telok Ayer Market restoration project were caught unawares when the Singapore Tourist Promotion Board (STPB) invited new bids yesterday. Two of them contacted by BT said they were surprised and unhappy424 words
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Article, Illustration526 1989-02-25 2 WILLIAM CHIA - By WILLIAM CHIA SINGAPORE'S domestic exports of furniture, which grew at an annual rate of over 30 per cent in the last two years, is expected to slow down to about 10 per cent this year, according to Singapore Furniture526 words
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394 1989-02-25 2 JEFFREY TSANG - By JEFFREY TSANG HIGH customer demand and lower costs are fuelling an international boom in mobile communications that will continue into the *****. However, "enlightened regulation" at both the technical and economic levels is crucial if the industry is to reach its394 words
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262 1989-02-25 2 A MISSION, comprising businessmen from ten small- and medium-sized companies, leaves for Japan tomorrow to explore business opportunities there. The biggest mission to be organised by the Singapore Manufacturers' Association, it will be led by the association's executive director, Dr Toh Peng Kiat.262 words
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174 1989-02-25 2 ASIA TELECOM '93, the next show in the series organised by the International Telecommunication Union (ITU), will be held here. Singapore Telecom general manager and chief executive officer Wong Hung Khim announced that Singapore would host the regional show together with ITU.174 words
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Article50 1989-02-25 2 IN BT's story on Mido Textiles Pte Ltd yesterday, the company's total turnover (or 1968 was given as $50 million. It should have been $15 million. The company's outlet in Arab Street is Chinese Silk Centre and not Singapore Silk Centre. We are sorry for the errors.50 words
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Article934 1989-02-25 2 AT CONVENTIONAL WHARVES VmnI Barth Arrival Departure KEPPEL WHARVES lo 8 iota K16 olongside 27 02/2300 RAB KI9 alongside 27 02/2300 Kolo Foior K32 olongside 2502/2300 Koto Agung K3I olongside 26 02/1500 Mer Principal K33 alongside 2502/0500 Po-Gon K27 alongside 2502/1500 Sogofio'd P K36 olongside 02/1400 S«isho934 words
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Page 2 Advertisements
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Advertisement43 1989-02-25 2 EHOBFW -al 11l S I SnBRHSnM S QUALITY CAR AT THE BEST PRICE ■i.W m t CAMPUS (I I08cc) -$38,766 AUTO (1397 cc) $59,000 CT TURBO (1397 cc) -$80,800 RENAULT Prices quoted are subject to change without prior notice 'All prices ARF NETT43 words
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Page 2 Miscellaneous
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Miscellaneous182 1989-02-25 2 m ///'H Max/ Not* Ma <°C) 36/18 Fin* 11/05 Cloor 20/09 CI«or 17/13 Cloar 33/25 Cloor 28/23 Cloudy 06-02 Cloor 16/09 Cloudy 17/06 Cloor 08/05 Cloudy 24/20 Cloor 10/05 Roin 27/19 Roin 08-03 Cloudy 06/05 Roin 29/18 Cloudy 20/09 Cloor 05-14 Cloudy 29/14 Hoxo 25/16 Cloudy -4-10 Cloor 06/04 Cloudy182 words
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OVERSEAS
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300 1989-02-25 3 NYT AFGHAN guerilla leaders on Thursday elected a moderate as president and a fundamentalist as prime minister of the government they hope will lead Afghanistan if the Soviet-backed government falls. The more than 400 delegates to a special consultative council chose Sibgatullah Mojadedi asNYT - 300 words
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286 1989-02-25 3 UPI TAIWAN is apprehensive about the meeting between President Bush and Chinese leader Deng Xiaoping in Beijing this week, fearing it could further isolate Taipei from Washington. Taiwan fears the new US administration will cave in to pressure for further restrictions on military technologyUPI - 286 words
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Article922 1989-02-25 3 ARRIVALS Operator S«rwte* Local From 1 number tinw UAL UA97 0010 LAX/NRT OAL OA471 0015 ATM MAS MH601 0110 KUL su son 0115 LAX/NRT CAl C1333 0405 TPE SIA SQ401 0600 CMB SU SQ41 0610 MAA MAS AAH603 0720 KUL MAU AAK746 0725 MRU SIA SQ23 0730922 words
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228 1989-02-25 3 Reuter BUSINESS confidence in New Zealand continues to deteriorate despite a fall in inflationary expectations. the National Bank of New Zealand Ltd said in its February business outlook survey. Respondents expected consumer price inflation in the next 12 months to be 6.3 per cent comparedReuter - 228 words
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389 1989-02-25 3 Reuter MEMBER COUNTRIES of the General Agreement on Tariffs and Trade (Gatt) seem to want a loosening of global commerce badly enough that they will be prepared to compromise in order to agree on a package of reforms in Geneva this April,Reuter - 389 words
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Page 3 Advertisements
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Advertisement37 1989-02-25 3 GJI four Tmd Agent or Air Canad* tt 7J2U55. A BREATH OF FRESH AIR The business person's choice every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow early the following morning.37 words
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Advertisement21 1989-02-25 3 ft WS e 4.1 si. m m A Perfume Must Be A Work of Art 33# ££H 171 Ol^ NINA RICQ21 words
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Page 3 Miscellaneous
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Miscellaneous51 1989-02-25 3 Entity i > WHAT IF TT DOBS* 4 1 r\9 V 7 -ANPTHB CLUSTER OF PROBLEMS SURROUNPIN6 JOHN TOUJER— The SEEMINGLY ENPLESS STREAM OF ALLEGATIONS -NOW MAKES TT ALMOST UNTHINKABLE THAT THE SENATE MLLVOTE TO CONFIRM HIM AS SECRETARY OF DEFENSE! SAM WNHSMRST NIGHTMARE. A>* •j t m jj if51 words
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MONEY AND EXCHANGES
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Article1228 1989-02-25 4 SINGAPORE: SHORT-COVERING ahead of the weekend, coupled with the cloaure ot Tokyo, provided some lift to the US dollar yesterday as it closed at the highs of the day's range; D-mark 1.8255/1.8205. yen 126.50/126.10. GBP 1.7593/1.7562 and S$ 1.9285/1.9245. The perception remains that any Fed rate hike, already1,228 words
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Article, Illustration197 1989-02-25 4 Indicates the average of the prime lending rate* ol 12 major banks In S'pore r Interbank market rates (offer/bid) on Feb 24 us$ DM SWFC Y«fl 7 dajt 9 9/14 7/14 11 IS/14 13/14 4 3/14 1/14 S 3/4 S 1/3 4 9/14 7/14 1 mill 11/14197 words
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Article285 1989-02-25 4 ASIAN dollar deposit rates closed higher yesterday after a day of moderate trade. Dealers attributed the firmer trend to a higher US Fed funds rate, the Federal Reserve s action in draining reserves from the banking system through four-day matched sale-repurchase agreements and a half-point rise in285 words
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Article233 1989-02-25 4 HONGKONG: GOLD closed slightly easier yesterday in fairly quiet trading. Bullion ended at U*****30/***** an ounce against an initial U*****.30/390.80 and New York's close of U*****.25/390.75. Qold rose HK$ll to close e* HK53,628 a tael. Krugerrand rose HK$lO to HKS3,OOB. The Maple Leaf rose HK$ll to HK13.151 The233 words
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Article528 1989-02-25 4 EURODOLLAR futures closed firmer yesterday as late short-covering brought widespread gains in active trading, dealers said. "The market was oversold this morning following the draining of reserves by the Federal Reserve but an influx of London orders helped to correct levels towards our close here," a trader with a528 words
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Article74 1989-02-25 4 THE OVERNIGHT rate on the Singapore money market rose by 1/8 point to close at 5-1/4 per cent yesterday. The onemonth rate rose by 1/16 point to close at 5-1/4 per cent. The two- and three-month rates remained unchanged. S$ Interbank rates at the dote yesterday: Of« wo74 words
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Article104 1989-02-25 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity mo OFFM HKX LOW 3 months BQ*****A 25.05.89 3.82 277 3.76 3.68 6 months BS*****N 17.08.89 3.93 3.88 3.91 3.89 1 yor BY*****H 23.11.89 3.98 3.93 3.95 3.95 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing104 words
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Article1115 1989-02-25 4 CURRENCY FUTURES OPTIONS Friday, Fab 24, 1989 DEUTSCHE MARK (SIMEX) Si 1 I M Mar M puis High Lot Sal SI CAI 52 CA* S3 1 Ml 190 3 54 971 9S S ss 3M 39 3SA 38 56 j7 41 4 II2A 114 59 CA» !i i Saa1,115 words
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Article261 1989-02-25 4 Reuter IMM CURRENCY futures finished a volatile session higher to sharply higher on Thursday as perceptions that the federal reserve's inflation-fighting stance was not strong enough faded. Futures had risen sharply early on such sentiment, as well as an upward revision in December durable goods orders to 7.3 perReuter - 261 words
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Article191 1989-02-25 4 Gold futures on Thur 23, 1989 tOO Iroy ouncas. USS par troy ounce Op«n High Low s*w* F.b 309 50 392JO 389 50 391.00 4.10 Mof 392.30 3.80 391)0 396.20 391.20 394.00 3.80 km ***** 401.30 396.30 399.10 3.90 Aug 403.00 406.30 403.00 404.80 4.00 Oct 409191 words
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Page 4 Advertisements
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Advertisement17 1989-02-25 4 PLAVGQLF THE SEVVY WW Tighten-up your fjamc Lot Sevvy Ballesteros show you how In BT every Tuesday.17 words
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Mm OND amass
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456 1989-02-25 5 Reuter FRENCH BANK Societe Generale has confirmed that Marceau Investissements is to sell most of its 10-per-cent stake to other core shareholders in the bank. The deal settles the four-month-old and politically controversial battle for control of the privatised bank. Under theReuter - 456 words
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124 1989-02-25 5 Reuter TORONTO Dominion Bank expects to continue reporting higher earnings in fiscal 1989. For the first quarter ended Jan 31, Toronto Dominion had net income of US$l96 million, or US$l.25 per share, compared with US$l47 million, or 93 cents per share in the previous correspondingReuter - 124 words
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Article, Illustration662 1989-02-25 5 Banks raise prime but analysts say discount rate rise not imminent Reuter THE US Federal Reserve appeared to signal another notch up in short-term rates and two banks raised prime lending rates on Thursday, but economists still have doubts that a US discount rate rise isReuter - 662 words
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396 1989-02-25 5 FT LLOYD'S of London, the insurance market, is facing months of complex talks with the US Internal Revenue Service in which it will have to persuade US officials that its three-year accounting system is not a disguised tax break. TheFT - 396 words
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341 1989-02-25 5 AFP MIDLAND BANK, one of Britain's four major commercial banks, announced a pre-tax profit of £693 million for 1988. compared with a loss of £500 in 1987. The result matched market expectations, ranging from £655 million to £745 million.AFP - 341 words
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114 1989-02-25 5 Reuter TAIWAN has given its first licence to a European insurance company to operate in Taipei indirectly, the Finance Ministry said. Chen Shih-ming, director of the ministry's monetary department, said the government had approved an application by the Life Insurance Co of Georgia, aReuter - 114 words
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COMMODITIES
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Article236 1989-02-25 5 Chinese Produce Exchange Sellers' noon closing prices on Feb 24 (S$/100 kg) Coconut oil Bulk FOB 108.00 Old drum FOB 118.00 New drum FOB 122.00 Copra Mixed (loose) 64.00 sellers Pepper Mont ok whit* FOB NIW 740.00 Sarawak white FOB faq NLW 730.00 Sarawak special block FOB NIW236 words
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Article266 1989-02-25 5 London Commodity Exchange Buyer/Seller closing prices on Feb 23, (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-stor® London, sailors option CIF London Mar 1152/53 <1158/60) High/Low 1170/60 May 1126/28 (1130/31 High/Low 1144/27 Sales (3965) Cocoa Mar 840/842 (840/841) High/Low 850/837 May 862/863 (863/864) High/Low 872/857266 words
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Article165 1989-02-25 5 Telerate FUEL OIL PRICES were relatively unchanged in the Singapore market. Activity was still light but quite a fair bit of talk was heard for end February to early March CSTIBO. Buy sell indications are notionally pegged at $74-76 mt fob Sing while April prices areTelerate - 165 words
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Article170 1989-02-25 5 THE TIN price extended its rally on the Kuala Lumpur Tin Market yesterday, firming 18 cents to a new three-year high of M 522.20 a kg. dealers said. They noted continued demand from European interests. who took all the tin offered yesterday. Turnover rose to 141 tonnes from170 words
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Article89 1989-02-25 5 (canfi/kg) MARCH 1989 APRIL 1989 (currant month) (forword month) RAS NOON NOON lufWI Stlhri Iwyart S*H«'» SSR 30 190 00 I92.00N 190.00 192 00N SSR 50 188 00 190.00N 188 00 190.00N MRELB 8vy*rt Saltan lvy*M S«H»r« SMR CV 309 50 311 50N ***** 313 50N SMR89 words
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Article271 1989-02-25 5 SINGAPORE: Rubber prices ended easier yesterday with March 1 RSS buyer quoted at 203.00 cents a kg, down 3.50 cents from Thursday's close. Brokers said prices weakened 3.50 cents in quiet morning trade on light speculative selling. Prices held steady at around lunchtime levels in the afternoon session which271 words
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Article286 1989-02-25 5 RAS prices In S cents/kg. FOB In bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 203.00 204.00N 202.00 203.00 Int 1 RSS Mar 89 204.00 205.00N 203.00 204.00 Inf 1 RSS Apr 205.50 206.50N 204.50 205.50 lot 2 RSS OP 198.50 200.50N 197.50 199.50N286 words
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Article448 1989-02-25 5 MALAYSIAN CRUDE PALM OIL FUTURES rose higher in moderate trading yesterday on short covering and aided by the strong cash market. March eased Msl to M 5947 a tonne and April and May added Mss and Ms 7 respectively to M 5954. Turnover fell to 420 lots from448 words
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Article136 1989-02-25 5 SOYBEAN futures on the Chicago Board of Trade closed with trimmed losses on Thursday as nearby March and May posted small gains on mixed buying, traders said. The nearby months gained on talk that soybean basis values at the US Gulf had firmed on good exporter demand. Some said136 words
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Article138 1989-02-25 5 WHEAT futures on the Chicago Board of Trade recovered and posted modest gains late on speculative buying on Thursday amid expectations Egypt may bid soon for EEP wheat, traders said. News that Colombia is seeking 155,000 tonnes of US wheat tonight also boosted sentiment, they added. The export news138 words
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WORLD MARKETS
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Article, Illustration860 1989-02-25 6 New York Reuter TAKEOVER-CANDIDATES provided the sparks for a late rally on Wall Street on Thursday that pushed prices slightly higher at the end of the day. The market struggled throughout the session as inflation fears carried over from the previous day's trading. The DowReuter - 860 words
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Article, Illustration963 1989-02-25 6 London Reuter LONDON share prices opened mostly higher yesterday on relief that Wall Street ended with modest gains after sharp falls in the previous session, but activity was fairly light. A move late on Thursday by the US Federal Reserve to tighten its monetary stance alsoReuter - 963 words
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799 1989-02-25 6 Division earns more than half of company's profit Reuter IMPERIAL CHEMICAL Industries chairman Denys Henderson said he expected the group's bulk chemicals businesses to remain buoyant for the next year or two after a strong performance in 1968 ICl's bulk industrial products division,Reuter - 799 words
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332 1989-02-25 6 Reuter DUTCH electronics giant Philips has reported that its profits last year were hit by cut-throat competition in Asia. But chairman Cor van der Klugt said on Thursday that earnings this year were set to rise substantially as a radical programmeReuter - 332 words
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718 1989-02-25 6 Reuter THE MAJOR FEATURE in bid target Consolidated Gold Fields pic's first half results is the surge in profits from natural resource subsidiaries and associates Natural resources' contribution, on a pre- interest and pretax basis, rose by 29 per centReuter - 718 words
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303 1989-02-25 6 Reuter WEST GERMANY'S automotive company Daimler-Benz AG is not aiming to dominate Europe through corporate takeovers but wants long-term cooperation agreements. In an interview, Daimler's managing board chairman Edzard Reuter said: "We have no intention of driving through Europe like some Teutonic steam engine.Reuter - 303 words
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Article1396 1989-02-25 6 Reuter FRANKFURT: German shares ended firmer yesterday, reversing in part the sharp declines of the previous two days, dealers noted. "The recovery is already more than a technical correction," said one trader. "Going into the weekend like this is good for the market mood." Dealers said WallReuter - 1,396 words
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Page 6 Advertisements
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Advertisement9 1989-02-25 6 Managers must manage. BT shows you how every Monday.9 words
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REGIONAL MARKETS
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Article, Illustration1433 1989-02-25 7 Hongkong HONGKONG share prices closed easier yesterday but recouped most of its losses in volatile trade that pushed the Hang Seng Index briefly below 3,100 points. The Hang Seng ended 10.97 points lower at 3,114.23. It lost 10.47 points in the last 30 minutes1,433 words
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Article161 1989-02-25 7 Reuter THE SECURITIES Exchange of Thailand Index fell 2.88 points to 438.45 yesterday on a turnover of 11.346,229 shares worth 723.74 million bahts. res 24 BAH1 Ao Kham Thai 416 Ayudhya Investment 38 Bangkok Agro-lnd 106 -2 -0.75 Bank 04 Ayudhya 362 Charoong Thai Wire Cable 116Reuter - 161 words
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Article214 1989-02-25 7 Reuter THE NEW ZEALAND bourse was yesterday again subject to the vagaries of the NZ dollar's rate against the Australian dollar in what one broker called "calculator warfare". Arbitrage opportunities on stocks listed both in NZ and in Australia were quickly exploited. "If you knew whatReuter - 214 words
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Article172 1989-02-25 7 Reuter BOMBAY share prices recovered to close higher yesterday after a sedate start, on expectations that next Tuesday's budget for fiscal 1989/90 would contain something helpful for industry, brokers said. They said the elec-tion-year budget would probably have a stimulating effect on the economy. "There could beReuter - 172 words
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Article468 1989-02-25 7 Reuter TAIWANESE share prices ended moderately higher yesterday after a last-min-ute flood of sell orders pulled the index off earlier peaks, dealers said. The weighted index gained 68.34 points, or one per cent, to close at 6,851.29, compared with Thursday's 6,782.95 close. The market rose as highReuter - 468 words
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Article189 1989-02-25 7 Reuter THE SEOUL stock market yesterday lost gains made earlier in the week as investors took profits across the board, brokers said. "People are saying this might be a good time to buy. The worst is over, and the market is just taking a little rest,'' a brokerReuter - 189 words
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Article103 1989-02-25 7 Reuter PHILIPPINE STOCKS drifted towards the close of an initially strong trading yesterday as investors retreated to the sidelines ahead of oil drilling reports and President Corazon Aquino's return from Tokyo, brokers said. The Manila Stock Exchange composite index slipped to 836.61 points from Thursday's 840.70. CombinedReuter - 103 words
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599 1989-02-25 7 Reuter A SIMPLE rule change requiring Japanese companies to post group earnings a month earlier is expected to add more buying impetus to an already surging stock market, analysts in Tokyo said. The change, effective from April 1, will shift interest fromReuter - 599 words
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Article, Illustration524 1989-02-25 7 Australia Reuter AUSTRALIAN SHARES closed firmer yesterday after a listless day of largely options-related and professional trading, brokers said. They noted that the main index reached an early high of 1.488.2 before drifting in a narrow range for the rest of the day until a brief burstReuter - 524 words
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444 1989-02-25 7 Consortium bidding for HK's first cable TV system Reuter THE HUTCHISON CABLEVISION Ltd consortium bidding for Hongkong's first cable television system is a very strong force combining blue chip Hongkong, British and Chinese partners. "Its a powerful grouping with obvious political strengths," said Barry YatesReuter - 444 words
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Article188 1989-02-25 7 Reuter NEW WORLD Development Co Ltd, one of the biggest property developers in Hongkong, is to become the second largest shareholder of HKR Properties Ltd through a share swap scheme. New World, HKR and Mingly Corp Ltd. controlling shareholder of HKR, announced the details ofReuter - 188 words
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Page 7 Advertisements
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Advertisement483 1989-02-25 7 INTELLA INVESTMENT PTE LTD (In M«mb«ra Voluntary Wlndlng-Up) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Intetta Investment Pte Ltd. duly convened and held at 36 Robinson Road. #05-01 City House. Singapore 0106. on 17 February 1989 the following resolutions were duly passed as SPECIAL RESOLUTION That483 words
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Advertisement584 1989-02-25 7 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE NAMES OF SHIPS We. Hlap Shlng Shipping Pte Ltd of 1, Sophia Road #05-03 Peace Centre, Singapore 0922 hereby give notice that we have applied to the Registrar of Singapore ships under Section 386 of The Merchant Shipping Act (Chapter 179 1965 revised edition)584 words
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Advertisement538 1989-02-25 7 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND INDOWOODS PRODUCT PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of members of INDOWOODS PRODUCT PTE LTD duly convened and held at 190 Middle Road. #16-03 Fortune Centre. Singapore 0718 on 24.2.1969 at 2.30 pm, the following resolutions538 words
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Advertisement583 1989-02-25 7 IN THE I MATTER OF THE CO* IPANIES ACT (CHy kPTER 90) AND IN THF; MATTER OF SAM HOf (G SHIPPING CO 0 tTE) LTD (Incoi -porated in the Repub Uc of Singapore) (It »Liquidation) (Men lbers' Voluntary Wlnding-Up) At an Extraordinary General Meeting of the above named Company duly583 words
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SES
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Article, Illustration1176 1989-02-25 8 Michelle Oh - by Michelle Oh AMID CONCERN over an increar,} in US prime rates and the impac. on Wall Street, the local stock narket closed mixed in a day of uncertain trading yesterday. •3ut brokers said the Singapore market was still1,176 words
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Article114 1989-02-25 8 Company OTHERS S P H Off#r of on* Tim®? Pub shore for every two SPH shores held Suspension dot* Feb 21 Books dose-. Mor 3 S Steamship (SSCO) Non renounceabie rights offer of 448» Steamers Maritime HoWings ltd (Steamers) shores to SSCO stockholders on the basis of 1114 words
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Article320 1989-02-25 8 Company RIGHTS ISSUE Ayer Hitam Tin One-for-one $1.10 per shore Berjaya Corpn One for one $1 00 por per shore C 1 Holdings 27 million toon stocks in the roNo of |3 loon slock for every five ordinory shores held Causeway Inv Issue of $7,252,937 nominal amount of320 words
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Article90 1989-02-25 8 THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAO: 17th AGM at the Theatrette of the company, Balai Berita, 31 Jalan Riong, ***** Kuala Lumpur today at 11.00 am. SINGAPORE PRESS HOLDINGS: 4th AGM at News Centre, 82 Genting Lane. Singapore 1334 today at noon. AVER MOLEK RUBBER COMPANY BERHAD:90 words
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Article5928 1989-02-25 8 Gr's Gr's 1988/89 Tel Lest Vol Day Last Quote Olv Dlv Y'ld Net M Cap High Low Code Company Sale or(•000) High Low Buyer Seller C'vr P/E Smll FEB 24 SESDAQ 187 114 X 4000 Amtek Eng 20c 130 -1 10 130 130 130 131 10.0N 7.15,928 words
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KLSE
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Article, Illustration3472 1989-02-25 9 SHARE PRICES failed to take advantage of an encouraging start and fell back to close easier on the Kuala Lumpur stock market yesterday. Plantation stocks, which had been firm in the last few days, were traded in line with the easier trend. It initially appeared that the3,472 words
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COMPANIES & STOCK MARKETS
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Article, Illustration747 1989-02-25 10 mm™ HOCK LOCK SIEW OVER THE PAST few years, the number of listed Malaysian companies involved in tin mining has fallen as the industry has generally shrunk. In not a few companies, tin ore reserves have been exhausted. However, the few still in miningHOCK LOCK SIEW - 747 words
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Article, Illustration412 1989-02-25 10 STOUT-MAKER Guinness Malaysia Bhd has turned in a one-third jump in its latest year-end earnings. thanks to the strong economic recovery in Malaysia and Singapore. For the 12 months ended Dec 31, 1988, group attributable profits rose 30.1 per cent to M412 words
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Article, Illustration208 1989-02-25 10 £H2J£Lm Insider Itadmg Trial THE PROSECUTION'S case against Allan Ng drew to a close yesterday after 53 days of hearing, with Inspector Michael Scully of the Commercial Affairs Department taking the witness stand. Insp Scully told the court he conducted an investigation following208 words
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457 1989-02-25 10 MBT UMW HOLDINGS has projected gross earnings per share of 15 Malaysian cents for the year ending Dec 31, 1989 on completion of its debt-equity swap and acquisitions of UMW Toyota Motor and Seabanc Kredit. The company said this in a reply toMBT - 457 words
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445 1989-02-25 10 HERMAN PHUA - By HERMAN PHUA LAM SOON HUAT Development Bhd and Industrial Oxygen Incorporated Bhd are jointly buying a piece of development land in Selangor for M 531.4 million for a housing project. The 164-hectare development land in Puchong was purchased from Castlefield Development445 words
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Article430 1989-02-25 10 SPORTS TOTO Malaysia Bhd has acquired a stake in Magnum Corporation Bhd in the belief that the gaming industry in Malaysia has a high potential for growth. Sports Toto, part of the Raleigh-Berjaya group, paid MS14.52 million for a block of 4.88 million Magnum shares. Replying to queries430 words
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423 1989-02-25 10 MBT A NUMBER of Malaysian stockbroking houses are believed to be actively negotiating with foreign brokers in the hope of internationalising their activities. One of them, UMBC Securities, is understood to be in advanced discussions with Hongkong-based Chin Tung Holdings and, if all goes well,MBT - 423 words
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Page 10 Advertisements
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Advertisement244 1989-02-25 10 Financial Newsmakers PERTH, WESTERN AUSTRALIA REAL ESTATE 537 89 ha (1329 acres). Less than an hour from the city centre. Swan River Frontage. Adjoins National Park. 11 Titles. Special Rural Sub-Division. PROTEAS 90,0 CX) individually irrigated and specially selected plants. Grown for export involvement in a $16 billion industry. RED244 words
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Page 10 Miscellaneous
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Miscellaneous20 1989-02-25 10 7V£~A/, 7V*r £VF/2y /A/ 7?/£~ OC//LO//V6 A/OtS 06/&-&?£& 7 by Martell /r*/&&<? /fr 0/otfr72ZU- <y°v CHS£/Z r*&/ c> MW£'- 'A20 words
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Executive Lifestyle
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Article, Illustration835 1989-02-25 11 FOO CHOY PENG - The legendary life of Puyi, who became emperor at the age of three, has been the subject of many films and TV serials. Singaporeans recently saw a Chinese production on SBC and not too long ago, Bertolucd's The Last Emperor, which scooped nine Oscar awards last year.835 words
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Article, Illustration786 1989-02-25 11 MICHELLE OH - How far will you go in the name of beauty? Would you allow yourself to be swathed in mud, decorated with seaweed or steeped in oils? MICHELLE OH emerges from her watery abode to share her experience. MICHELLE OH IMAGINE YOURSELF in a dimly lit room.786 words
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Article394 1989-02-25 11 IF YOU HEAR a Japanese frantically shouting "Hi! Hi!", the person is not calling out to you. Run instead, in the same direction the person is heading. According to Japanese/ English dictionaries, "Hi" is the Japanese word for "Fire". There would not be such confusion at394 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration590 1989-02-25 12 JAIME LYE - CINEMA By JAIME LYE YOU WONOER. Would you have been more moved by Qorlllm* in Tha Mitt if Dian Fossey had been more interested in pandas? As such, the question this movie raises is that of whether the quality should be judged by the end-product or590 words
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Article, Illustration415 1989-02-25 12 JAIME LYE - JAIME LYE ONCE UPON A TIME, a python named Monty decided to adopt a fish. A Flah Called Wanda. There was no real significance behind the fish. Or even Wanda. He just thought it would make a jaunty little title for a415 words
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Article, Illustration246 1989-02-25 12 FASHION AP ITALIAN-BORN Angelo Tarlazzi will succeed Guy Laroche as haute couture designer at the House of Laroche, the house announced in Paris on Thursday. Laroche died last Friday at age 67 following a two-and-a-half-year bout with cancer. He had designated Tarlazzi as his successor. AlreadyAP - 246 words
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Article, Illustration1010 1989-02-25 12 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY PLAYING against experienced opponents in an SCBA pairs game one Friday night, I held as South: 3VA J 7543 ♦QIOI AQI My partner. Samir Datta, opened the bidding with a Precision one Diamond which promised at least a doubleton Diamond. I responded one1,010 words
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Executive Lifestyle: Pursuits
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Article, Illustration1317 1989-02-25 13 JAIME LYE - JAIME LYE chases a fantasy in Phuket, Thailand JAIME LYE IT WAS TIME to get out. Out of the country. Anywhere, preferably with sand, gorgeous men and matching sunsets. Bingo. Phuket. Thailand. Bags are packed, ready to go. Ignore the fact that it's the Chinese NewPhotos by Jaime Lye - 1,317 words
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Article, Illustration76 1989-02-25 13 THE THAIS, besides their wonderful sunny demeanour and their penchant to spout "No problem" in the face of any kind of adversity, have an unintentionally charming way with English. If it isn't opening a menu and finding "Veal Gordon Bleu" and "Fish and Ships" on it, it's driving76 words
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Article597 1989-02-25 13 JOHN TAN - Meanwhile, 20 minutes away by boat, JOHN TAN discovers that there's more to oysters than hepatitis as he chances upon a lucrative pearl-farming island... JOHN TAN PHUKET, the darling of the sunworshipping sect, is a lot more than mere sand and surf. While it's best597 words
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Article, Illustration716 1989-02-25 14 N K YONG - Wine e By N K YONG THE MATCHING of Chinese food with wine, in particular French, is always a fascinating challenge. A recent experience matching the best of Chinese cuisine, Cantonese, with the best of French wine, showed how well good716 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration749 1989-02-25 15 RICHARD SEAH - HEALTH By RICHARD SEAH A NUTRITION WEEK is planned (or April and as part of the activities, the Ministry of Health is getting supermarkets to label food according to certain health criteria low fat. low saturated fat. low salt and high fibre The intention is good,749 words
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SHORT TAKES
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Article644 1989-02-25 15 GIVE A guy enough rope and he'll skip. That's the basic premise of Touch And Go, the first production of the year for the Hilton-British Airways Playhouse. It all starts when a married man named Brian takes up jogging. His wife Hilary thinks he's doing644 words
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Article, Illustration989 1989-02-25 15 WEE NGIAP HIANG - Compiled by WEE NGIAP HIANG CINEMA: A Fish CaMsd Wanda starring John Cleese, Jamie Lee Curtis and Kevin Kline Now showing at Cathay: 11; 1.30; 4; 6 30; 9.30. and at Marina 1: 1; 3.30; 7; 9. Cocktail starring Tom Cruise of Top Gun fame. Now showing at Orchard:989 words
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Article100 1989-02-25 15 FOOD NOT TOO LIGHT, but sufficiently substantial Cafe in the Park's smoked salmon and scrambled eggs on toast. Imagine, restaurant food at coffeehouse prices. For an amazingly inexpensive $8.50+ we treated ourselves to two slices of toast, topped with scrambled eggs and a surprisingly generous portion of the100 words
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Article88 1989-02-25 15 APPRECIATING minced pigeon cuisine is an acquired taste. The uninitiated usually pass it off as an ordinary minced meat dish. Meisan at the Royal Holiday Inn has introduced this dish to its already extensive a la carte menu. Its recipe isn't exactly new; many restaurants have88 words
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Article, Illustration74 1989-02-25 15 TRUE-BLUE Peranakan Molly Seah has been invited to play guest chef at a Peranakan Food Fest at Ficus Cafe, Orchard Hotel. The selection is fairly wide from Hee Pioh Soup, Sambal Teboon, Babi Sio, Ayam Buah Keluak to Ikan Chuan Chuan. Mrs Seah boasts more than 40 years74 words
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Article79 1989-02-25 15 THE FOOD TEAM NOT MANY places offer excellent buffet brunches on Sundays. Even fewer include live music by Mozart, played by the Raffles Quartet, in the offer. From April, the new Nibbles Cafe at Imperial Hotel, will be one of them. In preparation for this, $226,000 has beenTHE FOOD TEAM - 79 words
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389 1989-02-25 15 BEER Reuter ICELANDERS are gearing up to quench a 74-year thirst. On March 1, beer will be legally sold for the first time in Iceland since 1915, and the day is likely to be one to remember. Tables at more than 20 barsReuter - 389 words
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Article, Illustration810 1989-02-25 16 Roger Loh - Roger Loh GOOO LOOKS and a good beat are the measurement for a top 40 candy-floss hit single these days. Disposable? Yes! The campaign for less profundity goes on unabated. The argument for it stems from a marketing point of view. If it sells in huge810 words
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Executive Lifestyle: Sports
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Article, Illustration508 1989-02-25 17 TENNIS IT HAS BEEN a struggle all week, but in gaining the finals of the US$lOO,OOO Tiger Beer Pacific Rim tennis championships, second seed Kim Bong Soo showed why he is so difficult to beat. The 27-year-old Korean number508 words
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446 1989-02-25 17 AP TOP-SEEDED Andre Agassi quelled a challenge from Jim Courier 6-3, 7-6 (7-3) on the eighth match point on Thursday night in the U*****,500 US Pro Indoor Tennis Championships. Courier, seeded 15th, won over the crowd of 10,006 with a rallyAP - 446 words
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472 1989-02-25 17 UPI JUST BEFORE Mike Tyson fought the biggest bout of his career last summer, he received a visit from his former idol. It won't happen this weekend, when Tyson defends his heavyweight championship in Las Vegas. Nevada, because Roberto Duran Tyson's visitorUPI - 472 words
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Article, Illustration488 1989-02-25 17 JEROME FANDOR - on rMCk With JEROME FANDOR TRAINER MALCOLM THWAITES gave notice that he is in the running for training honours this season by saddling four winners last weekend, the first week of the Penang meeting for horses in Classes 4, 5 and Restricted Terms. One of his488 words
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Article, Illustration569 1989-02-25 17 WALTON MORAIS - BOXING By WALTON MORAIS THE TALKING has been done. The sweat from months of training is left behind in the gym. All that's left for Ellyas Pical and Mike Phelps to do is to step into the ring at the National Stadium today to569 words
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Article, Illustration585 1989-02-25 17 AP FRANK BRUNO carries the added weight of n<aarly a century of British heavywoight futility when he steps into the ring tonight against Mike Tyson. Not since l3ob Fitzsimmons lost the heavyweight crown to James Jeffries in 1899 has a British fighter heldAP - 585 words
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Executive Lifestyle: Personal Investment
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Article, Illustration693 1989-02-25 18 ROSIE TAN - CURRENCIES By ROSIE TAN THE Australian dollar, much adored by investors seeking high returns, has taken a beating on the currency markets lately, falling from a high of 0.8960 against the US$ on Feb 2 to a low of 0.8060 on FebSource: Pont Data Services - 693 words
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603 1989-02-25 18 LORETTA McLAUGHLAN - mm By LORETTA McLAUGHLAN TWO WEEKS AGO it was trading quietly at $3.20; last week it moved up smartly to $3.44; and this week it rose 78 cents to close at $4.22 yesterday (but was down 12 cents over Thursday's closing) after603 words
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Article150 1989-02-25 18 GOLD FT THERE WAS NO vast oversupply of gold bullion last year, as some analysts feared, according to the Gold Institute, the Wash-ington-based organisation sponsored by 68 mining companies from 16 countries It estimates that non-commu-nist world gold output increased last year by 9FT - 150 words
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Article, Illustration853 1989-02-25 18 FT THE FIRST few weeks of 1989 have seen the Western investment managers finally admit defeat and return in force to the Tokyo stock market with their heads bowed in shame. The fact that most of them sold their shares when the NikkeiFT - 853 words
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Article, Illustration649 1989-02-25 18 CHARLES CHOW - HSro? By CHARLES CHOW STOCK SELECTION has become important again. Although the broad market was crawling most of this week, some fashionable stocks (about fifteen) performed spectacularly, clocking in returns ranging from 5 to 26 per cent in four days. But picking649 words
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804 1989-02-25 18 KEVIN GWEE - BEOfinEffS cnßriEßm FOREIGN CORPORATE BONDS By KEVIN GWEE WITH INCREASING financial sophistication there is now a large variety of bonds with risks ranging from interest rate fluctuations to the additional risks of credit and foreign exchange movements. In earlier articles, the804 words
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Executive Lifestyle: Perspective
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Article, Illustration1466 1989-02-25 19 CHUANG PECK MING - Comics dealers used to talk about how a $3 comic book could sell for $800 after two years. Nowadays, however, they are talking about large unsold stocks even if the comics are priced at a fraction of the cost. CHUANG PECK MING relates their tragic1,466 words
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241 1989-02-25 19 0 W DISTANT - letters to the Editor 0 W DISTANT Dear Sir, The heavily-used pedestrian crossing across Orchard Road between Lucky Plaza and Wisma Atria was recently closed so that motorists could clear that stretch a little quicker. But why did the steps at241 words
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450 1989-02-25 19 NICK TAY - In the wake of the stockmarket upsurge NICK TAY Ooar Sir, In the wake of the recent upsurge in equity prices, most blue chips have chalked up impressive gains and are near their post-crash peak while the second and third liners are still lagging behind. With blue chips currently consolidating450 words
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Article303 1989-02-25 19 Dear Sir, I refer to recent suggestions that the speed limit on our expressways be raised. Car owners obviously have a point as they feel the need to reduce travelling time. However, if the speed limit is to be raised, I hope it will be303 words
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Article469 1989-02-25 19 FIRST there was sex. Then there were holidays. Then there were packaged holidays. Now there are packaged sex holidays. This term has taken on unsavoury overtones, but the Finnish Health Ministry has come out with a suggestion that gives it a different meaning. The ministry thinks469 words
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Page 11 Advertisements
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Page 12 Advertisements
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Advertisement195 1989-02-25 12 David Richards, the ace recording engineer of David Bowie, Queen, Chris Rea among others captured the spirit and the exciting atmosphere of the unforgettable set which will remaiita classic concert the first 22 years of Montreu*. Efljayiil. CkmOe Hobs '"Pngtatnme Director Moctrew Jua fettm! he pianist Jeremy Monteiro of I195 words
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Page 12 Miscellaneous
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Miscellaneous491 1989-02-25 12 CRYPTIC PUZZLE ACROSS 9 Answer to "My what a surprise! How are you, how are you"? (4, 4) 10 The main key, we're told (3) 11 Be more sorrowful than, about the hullabaloo? (6) 12 Talk to keep the baby amused (6) 13 Continue to keep down? (5, 2) 14491 words
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Miscellaneous264 1989-02-25 12 DOWN 1 Deadly nightshade (10) 2 Prima donna (4) 3 Witty exchange (8) 4 Beset (7) 5 Disaster (11) 6 Defender in soccer (6. 4) 7 Bog (6) 8 Murmured (8) 10 Ponders (5) 16 Try (7) 20 Tender (5) 22 Herb (7) 23 Complete removal (11) 25 Echoing (10)264 words
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Page 14 Advertisements
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Advertisement844 1989-02-25 14 m POMMERY Where to entertain. L! ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PAIM For between $26++ and $40+ DII y° u can sc cct from our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose844 words
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Advertisement177 1989-02-25 14 Ins o revolution in Russian cuisine ft m m n m ws a, iIXtL Us&L'lfr "W* ,U ir ;ri-3 II I if-.— _T_ v w-" 71 '/'A r i The Belvedere's famed international buffets turn Russian this month, bringing you the romantic flavours of Red Square. Savour Eggs filled with177 words
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Page 15 Advertisements
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Advertisement190 1989-02-25 15 4 V n Ift Sunday Brunch: A great family outing If s a wonderful way to combine a late breakfast with an earty lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad and190 words
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Advertisement94 1989-02-25 15 Wine Dine with the Best Pommery Brut Royal was judged to be the best of the nonvintage cuvees sampled at' Wine Dine' Magazines 3rd Bi-annual Champagne Tasting. "Best bubbles freshest lovely elegant, classy "Bright yellow, very active bubbles, rich, classic lime nose, very fine, elegant, well-balanced, clean finish, after-taste. "Pommery's94 words
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Page 16 Miscellaneous
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Miscellaneous1530 1989-02-25 16 SIOIS TO WATCH A bitter grandfather, an obnoxious boyfriend MOVIES A CROTCHETY old man with a bad attitude towards life proves a challenge for a young Japanese schoolteacher in Film Focus: Song Of Tho Spring Pony. He hates the world which took his father and son in two wars, and1,530 words
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Miscellaneous1319 1989-02-25 16 SATURDAY BBC 88.9 mHz In VHF Band II 6AM Newshour 7.00 World News 7.09 Commentary 7.15 From the Weeklies 7.30 Multitrack 3. 8.00 Newsdesk 8.30 Personal View 8.45 Recording of the Week 9.00 News Summary followed by Outlook. 9.25 Financial News 9.30 Classical Record Review 9.45 Book Choice. 9.45 New1,319 words
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Page 17 Advertisements
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Advertisement45 1989-02-25 17 KUWAIT AIRWAYS WIDE ROUTE MAP MODERN AIRCRAFT DIRECT FLIGHTS LESS TIME Kuwait Airways flies to more than 40 destinations, with convenient connections. After all, your comfort is our concern. irii>ntw I" For details contact: JHaw l'ar (General Sales Agent) Pte Ltd Tel: *****31 Fax: *****0445 words
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Page 19 Advertisements
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Advertisement168 1989-02-25 19 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap168 words
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Page 19 Miscellaneous
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Miscellaneous51 1989-02-25 19 BriStcw: FarOLDicfca* i JUST se£JM ladv CHCSieR- P6RRV u>iPe OF OUR &E.LOVOD frprvys FOUNQet? 'iC SHe LOOKED STUNN'NG.. DRIPPING UiiThl DlfVv\oiDs PiND LOCARiNG R PRBuiOUS, LCOPhRD SKIN COfYT .S RCPiU_VP LvjCVCV D^V/L NOT SO- SHC U3F\S HftRiNG DObONi TWO RORD 6€JNG CHRseD e>V ft rnoß OF RNimAL Rights !P% fctfilu-51 words
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Article, Illustration560 1989-02-25 20 PAUL GOPAL - Chamber to prepare for Beijing fair in July By PAUL GOPAL INDONESIA will be sending a trade mission to China next month in a move that takes on added significance in view of the momentous decision to normalise relations reached in Tokyo on Thursday560 words
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541 1989-02-25 20 ASAD LATIF - By ASAD LATIF Foreign Editor THERE IS something natural in the fact that the breakthrough in relations between Indonesia and China occurred at Emperor Hirohito's funeral. Japan and China are the two leading Asian Pacific powers which have real security and economic interests in South-east541 words
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Article492 1989-02-25 20 Agencies JAPAN and the world bid a final farewell to Emperor Hirohito yesterday as leaders of more than 150 countries gathered in a steady rain for the funeral of the last of the major World War II figures in a colourful and ritualistic 13-hour ceremony.Agencies - 492 words
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Article56 1989-02-25 20 Reuter THE WHITE HOUSE vowed yesterday to stand behind the troubled nomination of John Tower for defence secretary, as political and economic problems at home overshadowed President George Bush's overseas diplomatic debut. "The president has not lost one iota of confidence in Senator Tower," WhiteReuter - 56 words
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451 1989-02-25 20 ALVIN TAY - By ALVIN TAY Financial Editor THE OVERSEA-CHINESE Banking Corporation has beaten rival United Overseas Bank in the race to be the first bank to operate a seven-day banking week. From tomorrow, the bank's Orchard Road branch will be open for business from451 words
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534 1989-02-25 20 DAVID CHEW - By DAVID CHEW A KEY ECONOMIC policy adviser to Thai Prime Minister Chatichai Choonhavan has said that the Generalised System of Preferences and protection for US pharmaceutical products in Thailand are different issues altogether. Or Juanjai Ajatant, an economics lecturer at Bangkok's Chulalongkorn534 words
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110 1989-02-25 20 Bernama THE COMMERCIAL crime division of Bukit Aman Police in Kuala Lumpur will take legal action to recover Ms 6 million of the M 522.2 million fraudulently withdrawn from Bank Negara and believed to be invested in several firms in Singapore and Indonesia.Bernama - 110 words
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Article101 1989-02-25 20 Reuter COMEX GOLD futures turned lower yesterday on early selling against a firm dollar. The rise in the Fed's benchmark discount rate to 7.0 per cent from 6.5 per cent was widely expected and it had little impact. In a thin market, April gold lost US$l.OO at U*****.00Reuter - 101 words
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326 1989-02-25 20 AFP PHNOM PENH Premier Hun Sen has said he is willing to go to France for more talks towards achieving peace in war-torn Cambodia, the official Phnom Penh news agency SPK reported yesterday. Mr Hun Sen was quoted as sayingAFP - 326 words
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Article178 1989-02-25 20 AFP DEFENCE Secretary Fidel Ramos suggested in Manila yesterday that the Philippines could begin a gradual phase-out of US military bases in his country by 1998, in time for the country's centennial of independence. "If we are to maximise the symbolism of any PhilippineAFP - 178 words
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LATE FILE
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39 1989-02-25 20 Bernama MALAYSIA is conducting a detailed study on the strength ot armed forces personnel and the military equipment required to defend and maintain the security of the country, said Defence Minister Tengku Ahmad Rithauddeen yesterday.Bernama - 39 words
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Article59 1989-02-25 20 Bernama SEVEN supporters of the so-called Umno splinter group including four of its state-level leaders yesterday quit the group to renew their membership in Umno. The decision was made following the "restoration" of Umno in opening its membership to all former party members and the Malays,Bernama - 59 words
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Article43 1989-02-25 20 'Asean must be first asylum 9 Reuter FRENCH Secretary of State for Humanitarian Policies Bernard Kauchner said yesterday Asean states must remain places of first asylum for Vietnamese boat people. Asean countries have said they will not bear the refugee burden indefinitely. ReuterReuter - 43 words
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Article47 1989-02-25 20 UPI THE WORLD BANK approved a US$l54 million loan to China for industrial modernisation in Tianjin. a major manufacturing province. The project will channel funds through the China Investment Bank to Tianjin textile, paper and packaging industries to help modernise production facilities. UPIUPI - 47 words
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Article59 1989-02-25 20 AFP TAIWAN has lowered this year's growth forecast for gross national product from an earlier estimate of 7 per cent to a revised 6.81 per cent, said the Directorate General of Budget, Accounting and Statistics yesterday. It also projected a 10 per cent fall in theAFP - 59 words
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Article27 1989-02-25 20 AFP INDIA, Djibouti and Mozambique are to be the prime recipients of a US$l65-mil-lion aid package announced by the European Community.AFP - 27 words
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Article48 1989-02-25 20 Reuter INDIA'S Finance Ministry called for drastic cuts in government spending and measures to curb a worrying external deficit in the run-up to national elections this year. Its pre-budget economic survey said the economy should grow 9 per cent this year. ReuterReuter - 48 words
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Page 20 Advertisements
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Advertisement62 1989-02-25 20 amily QUALITY CAR AT THE BEST PRICE CAMPUS -$38,766 AUTO $59,000 GT TURBO $80,800 19 TS -$57,839 GTX $67,861 TSE $67,839 21 TS $62,800 GTX (AUTO) $98,000 TURBO -$138,000 GTS.(AUTO) -$113,800 V 6 -$188,000 GTS $98,000 GTX (AUTO) 129,800 V 6 TURBO $252,000 2000-1 143,800 V6i (AUTO) $168,000 Prices quoted62 words
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Advertisement159 1989-02-25 20 Welcome to the new comforts of home There are changes in the air at Hotel Equatorial Kuala Lumpur. Most important is the total make-over in our rooms and suites, now in a modern, contemporary style that's charmingly comfortable. A new refreshing look greets you at our lobby. Plush, inviting sofas159 words
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