The Business Times, 22 November 1986

Total Pages: 12
1 12 The Business Times
  • 11 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, NOVEMBER lttf 75 CENTS
    11 words
  • 200 1 EXCHANGE RATES THE US dollar closed firmer against most major currencies in the foreign exchange market yesterday. It opened at S$2.1910/30 against the S$ and closed at $2.1925/35. The American unit ended at DM2.0160/70 against the German deutschemark, compared with its opening of DM2.0120/30. It closed at
    200 words
  • 727 1 WITH DIRECTORS of the National Bank of Brunei Bhd due to appear in court in the Sultanate today, checks have started on the exposure of banks in Singapore to its problems. It looks certain that the main casualties of any financial fallout here will be
    727 words
  • 346 1 A 10-YEAR prison sentence faces any directors or managers of the National Bank of Brunei found guilty of defrauding it, according to the emergency order under which the bank was taken over on Thursday by the Bruneian Finance Ministry. They could also
    346 words
  • 421 1 THE $1.3 BILLION loans crisis at the National Bank of Brunei will cause no problems to the takeover of Exco, the UK financial services group, a director of the bidding group, British and Commonwealth Shipping, said in London yesterday.
    421 words
  • 379 1 JITTERS OVER the National Bank of Brunei issue swept through the Singapore stock exchange yesterday, sending share prices sharply lower for the first time since the market bottomed out last May. The widely-monitored Straits Times Industrial Index plunged 23.23 points to 863.67 after a
    379 words
  • 54 1 EXCITEMENT has been mounting over the past week or so as Singapore prepares to play host to, for the first time, an international powerboat grand prix. Fifteen of the world's most accomplished powerboat drivers have arrived and they hold the promise of giving a spectacular display
    54 words
  • 524 1 Reuter, AFP JAPAN'S trade surplus has peaked, succumbing to the power of a strong yen and sluggish economic growth abroad, private and government economists said in Tokyo yesterday. But they disagreed markedly over the speed and shape of the expected decline.
    Reuter,; AFP  -  524 words
  • 279 1 THE VALUE of cheques drawn on the National Bank of Brunei but not cleared is now a problem following the freezing of the bank's assets on Thursday. After the takeover of the bank, the Brunei Association of Banks, in an emergency meeting
    279 words
  • Page 1 Advertisements
    • 176 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM ll* o' A /ft izino All Star SE Crafted from the finest persimmon wood, the wood heads are dual weighted for consistent accuracy. The irons are cast in mild stainless steel with excellent toe and heel design built for exact pinseeking characteristics on off-centre
      176 words
    • 265 1 Checks on local banks Khoo Teck Puat joins B& C Shares plunge See Page 6 mm SHARE MFORMATION MONEY ft EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE CROSSWORDS TV ft RADIO OUR VIEW MERLION WEEK LACKS a clear identity because it is, in practice, about too many things increasing awareness of the
      265 words
    • 5 1 Mora stortos on Pagt 3
      5 words
    • 19 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Stories by BT REPORTERS PUT ON A CROCODILE. WEAR A LEGEND -d J*, >*»*
      19 words

  • HOME NEWS
    • 313 2 BOTH THE MODELS that have been proposed for a more flexible wage system are familiar to Singapore employers and unionists, says Acting Labour Minister Lee Yock Suan. Speaking at the 22nd anniversary of the Food, Drinks and Allied Workers Union yesterday, Mr
      313 words
    • 89 2 MARINA CENTRE will be included in the Restricted Zone from Monday, Nov 24. the Public Works Department has installed two restricted zone k oi>echead gantry signs at the en■wjh* to Marina Centre at TeirKeek Boulevard and Republic Htreffic tights have also been iittfafead at the
      89 words
    • 384 2 'TpE ECONOMIC DOWNTURN has not prevented employers from upgrading their workers' •fcflte. In its 1966/86 fiscal year, the Stylls Development Fund recorded a healthy 42 per cent increase in the number of training pieces generated compared with the previous year. According to its latest annual
      384 words
    • 278 2 NEW COURSES in design and servlce-oriaftted skills as well as changes to enrolment are on the way with a major review of the Vdcational and Industrial Training Board's courses and manpower needs. •To meet the demand for greater supporting skills in design and technical
      278 words
    • 528 2 SHARE AMERICAN technology and expertise, by ail means. But do not expect an outflow of mQftfy from the US to help fua(hdrug rehabilitation programmes worldwide, the White House's top anti-narcotics man toW his East Asian counterparts yesterday. tfrom Washington DC. Or Carlton Turner,
      528 words
    • 479 2  -  SPECS to advise on storage of dangerous cargo By LOH HUI YIN A SINGAPORE COMPANY has clinched a contract for port consultancy work in the Indian Ocean island of Mauritius. This could be the stepping stone to more jobs there. The contract
      479 words
    • 483 2  -  By BOEY KIT YIN IN AN EFFORT to promote the growth of private laboratory services, the government will relinquish its hold on routine testing facilities by accrediting companies to test on its behalf. Dr Lee Boon Yang, the Minister of State (Trade and
      483 words
    • 176 2 FIVE COMPANIES from the exhibition management services industry will leave for India today for a seven-day mission to explore business opportunities there. The mission, organised by the Trade Development Board, is the first by this industa? to India. It comprises Cityneon Display Construction, KC Dat,
      176 words
    • 125 2 BT REPORTED on Nov 17 that Nikko Securities Co Ltd's net profit in 1985/86 was 2.84 billion yen. The correct figure is 82.84 billion yen. We apologise for the error. And a report on Nov 18 on Mr Ng Eng Leong's resignation from Standard Chartered Merchant Bank
      125 words
    • 518 2  -  By CHUANG PECK MING SELF-RENEWAL is to continue at the PAP's biennial conference tomorrow with new faces expected to be elected to the party's highest policy-making body. Speculation has it that aix new candidates headed by Brig-adier-General Lee Hsien Loong have been
      518 words
    • 1126 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Bonostar 2 <36 alongside 22.lt/2300 Intereast <19 alongside 22.11/0600 KotaWijaya K10 alongside 22.11/1830 Pine Tree <20 alongside 22.11/0600 Auby <25W 22.11/0630 23.11/0600 Baron Star K34 22.11/1500 25.11/1500 Equator 4 <23 22.11/0700 23.11/0700 Hugheverett <21 22.11/0900 24.11/0600 Inna <20
      1,126 words

  • ASIA-PACIFIC
    • 371 3 Bernama THE PHILIPPINES recorded a surplus of US$B5B million in its balance of payments at the end of the third quarter this year despite a deterioration in its capital account. In a report submitted to President Corazon Aquino yesterday, central bank governor Jose Fernandez
      Bernama  -  371 words
    • 92 3 AFP JAPANESE industrial activities are continuing to stagnate with the employment situation beginning to deteriorate. A government report released by the Economic Planning Agency yesterday based its warning on surveys of the steel and shipbuilding industries that announced plans to cut their workforce toward the end of the
      AFP  -  92 words
    • 217 3 AP THE YEN'S rise has boosted the bill for salaries at US bases in Japan by about 35 billion yen and thousands of Japanese base workers fear they might be fired. "Laying off Japanese labourers in the US forces in Japan
      AP  -  217 words
    • 232 3 OANAPNA THE NUMBER OF Japanese tourists arriving in the Philippines have continued to decline since the assassination of former Senator Benigno Aquino in August 1984. In that year, a total of 178,783 Japanese visitors visited the country, posting a 9.4 per cent increase
      OANAPNA  -  232 words
    • 331 3 AFP THE CHINESE and Thai foreign ministers have reaffirmed their support for a Cambodian resistance coalition proposal for a political solution in Cambodia, the New China News Agency (NCNA) said. Chinese Foreign Minister Wu Xueqian stated his support for the eight-point proposal at
      AFP  -  331 words
    • 385 3 AFP THE THAI armed forces are setting up twin war reserve stockpiles (WRS) in Thailand with the United States, under an agreement to be concluded soon, says the country's defence minister. Under the programme, two stockpiles will be set up, one
      AFP  -  385 words
  • Page 3 Advertisements
    • 125 3 >v a y v '4 n \Vi Q 19 Vv* V"V V ■r 9* >••- •--v. Jk '5 2* *t -ii '■to. a f I t r 1 1 S* ■liwij l 1 •■V ste% J 3? r -SJP* V 31 sv -<i#s «it» =-casSeS«^> v V *v^» Q ft
      125 words
  • Page 3 Miscellaneous
    • 40 3 Doonesbury friV/fifil som aucb, stu homing V'l i m T* I ft t WMwm W@r V m it f BY GARRY TRUDEAU SQRRX BP, WEftS 60ING TOHAVB 70 m m I <3 < I II rr igw 4' ft fe^L i
      40 words

  • REST OF THE WORLD
    • 507 4 Changes could lead to lower fares in Europe AP THE DRIVE for freer airline competition in western Europe is emerging as a key test to the European Community's goal of removing all national barriers to free trade by 1992. The movement, which could lead
      AP  -  507 words
    • 207 4 Reuter EUROPEAN COMMUNITY Commissioner for North-South relations Claude Cheysson, quoting a dramatic slump in EC exports to Latin America, has called for substantially stronger links with countries of the region. Mr Cheysson said an economic crisis in Latin America had been exacerbated by the
      Reuter  -  207 words
    • 215 4 AP THE SECRET US deliveries of weapons to Iran may create a credibility problem for Washington the next time it seeks European backing for anti-terrorist measures. "It may be very difficult for them in the future to convince the Europeans to do something
      AP  -  215 words
    • 296 4 UPI A US TRADE official said the administration would like a trade bill that would allow the US to participate in world trade talks but US officials will "not sell our soul" for it. The official. Deputy US Trade Representative Michael Smith,
      UPI  -  296 words
    • 98 4 AP AMERICANS bought US$l5.3 billion worth of consumer electronics equipment during the first nine months of the year, and more than two-thirds of the total was foreign made, the Electronic Industry Association reported. Purchases of television sets, stereos, radios, video recorders and other home electronic
      AP  -  98 words
    • 213 4 AP THE UNITED Nations will end the year with US$lO million in cash, enough to operate for only a week. Spokesman Francois Giuliani on Thursday quoted Secre-tary-General Javier Perez de Cuellar as saying the cash shortage would exist even with the payment of US$lOO
      AP  -  213 words
  • RAW MATERIALS
    • 193 4 THE MALAYSIAN crude palm oil market closed higher yesterday on weekend covering and speculative buying in moderate trading. The market was slightly higher at the opening and price movements were slow at the start. Nov delivery in the south and central rose Mslo each to Ms73o and M
      193 words
    • 80 4 OIL PRODUCTS GASOIL and low-sulphur waxy residue talked firmer yesterday while all other products marked time at the same levels as on Thursday. Closing prices for crude (fob origin) US$/barrel Change Dubai (Dk) 13.95 -0.30 WTI, West Texas Intermediate, (Dec) 15.21 -0.28 Closing prices for products (fob Singapore) US$/borret Change
      80 words
    • 136 4 Chinese Produce Exchange Seflers' noon closing prices on Nov 21 (SS/100 kg). Coconut oil Mk FOB 66.00 Old drum FOB 76.00 Now drum FOB 86.00 Robusto 20/25% FOB NSW Nutmeg 110 FOB NSW BWP FOB NSW Gambier FOB NSW 525.00 1405.00 1289.00 330.00 Copra Mixed (Ioom) Pepper *1.
      136 words
    • 66 4 Bangkok (US$/toMM, FOB) White Rice 100% 1# do»» 100% 2nd do** 100% 3rd dots 5% 1°% 15% 20% 250 215 210 200 195 Broken Rice A-l Super A-l Special C-l Special C-l Ord Loonzain Rice 100% lf» grade 100% 2nd grade 100% 3rd grade 123 120 unq unq unq
      66 words
    • 119 4 WHEAT FUTURES on the Chicago Board of Trade closed weaker on Thursday, down 3.0 US cents a bushel in near December to up 1/4 cent in September. Wheat held quietly in a narrow range for most of the day before bear spreading, selling nearby and buying forward, depressed the
      119 words
    • 93 4 SOYBEAN FUTURES in Chicago closed mixed on Thursday, down 1% US cents a bushel to up one cent. Futures closed at or near the day's lows with heavy commercial selling seen late in nearby months. Soymeal futures closed near day's highs, up $1.20 a tonne to off $0.20 while
      93 words
    • 123 4 STRONG EUROPEAN demand pushed the tin price on the Kuala Lumpur Tin market up 21 cents to close at M 516.20 per kilo yesterday. Dealers said that short covering by Europeans was encouraged by the higher European spot market on Thursday. Japan withdrew when the
      123 words
    • 265 4 SINGAPORE The market closed slightly higher yesterday with Dec One RSS buyers quoted at 175.00 cents/kilo, up 0.50 cent. On the TSR-20 market, trading was very quiet throughout the day and prices remained little changed due to lack interest. dealers said. December TSR-20 held steady at 161.50 cents/kilo while
      265 words
    • 579 4 COFFEE Robusta coffee futures eased with the New York market on Thursday to end little changed from Wednesday s closing levels after a relatively quiet day. Estimated volume of 2,436 lots included 691 lots crossed and eight options. Near Jan finished at £2,010 against Wednesday's £2,015. The ICO
      579 words
    • 309 4 RAS prices in s cmmo, fob m B NOON CLOSE Bwy*rs S*H*rs ftuy*rs S*ll*f* tnf 1 RSS Prompt 175 JO 176 JON 175.25 176.25N Int 1 RSS D*c 86 175 JO 176.00 175.00 176.00 bit 1 RSS Jon 87 174^5 175.25 174 JO 175.00 bit 2 RSS
      309 words
    • 92 4 <canf»/k®. l-too pollatsl ok; 86 JAN 87 (currant month) (forward month) NOON NOON RAS Ivyan Saltan luyan SaMart SSt 30 166 JO 168 JON 167 JO 169 JON sst so 163 JO T 65 JON 164 JO 166 JON MRELB luyars S*~ Ivyart S#N#fs SMt cv 278.00
      92 words
  • 907 4 ARRIVALS Operator S*rvlc« number Local tiflM From OA UA SIA CAL SU SV MAS CV KAL MAS MAS AC CPA HA GIA SU SU THAI SU CAAC MAS GU SU SU GU SU SV SU SU GU su SU SU GU THAI KLM SU THAI CPA MAS
    907 words
  • Page 4 Advertisements
    • 67 4 T g^k|\ TT\ f I The business person's choice, every I I II \I I II II I Tuesday, Thursday. Saturday and I 1 VI \l 11 II \l Sunday. Leaving Changi Airport at I 1 _LS 1 22:05 hours and arriving at Heathrow at 06:45 hours the following morning.
      67 words

  • BANKING AND FINANCE
    • 437 5 Reuter THE INCREASING INTEGRATION of the financial sector must shape current US-Canada negotiations on financial services, delegates at a conference on the effect of the talks on bilateral business links said. "It's no longer realistic to deal separately with narrowly defined
      Reuter  -  437 words
    • 682 5 October loans hit record seasonally-adjusted £3.5 billion Reuter LAST MONTH'S liberalisation of UK financial markets, or the Big Bang, may have boosted growth in UK bank lending to a record seasonally-adjusted £3.5 billion in October, say economists. But despite this growth, some believe that money
      Reuter  -  682 words
    • 189 5 Reuter A SENIOR OFFICIAL from the Asian Development Bank on Thursday denied published allegations that the bank had been falsifying financial and other data to increase its lending. "It's quite a misrepresentation,'' said Stanley Katz, the vice-president of finance and administration. "It's off
      Reuter  -  189 words
    • 431 5 FT GENERAL Augusto Pinochet s regime has reached agreement with the International Monetary Fund for its 1967-88 economic programme, providing for a budget deficit of less than 1.7 per cent, and an economic growth
      FT  -  431 words
  • MONEY AND EXCHANGES
    • Article, Illustration
      132 5 THE OVERNIGHT rate on the Singapore interbank market closed at 4 1/4 per cent yesterday, up 1/4 point from Thursday. All the term rates each rose 1/8 point to 3 1/4 S$ Interbank rates at 7pm yesterday: Offer M OwM 4 1/4 4 1-men* 3 l/< 3 2-mon*
      132 words
    • 579 5 BA Futures US TREASURY-BOND futures suffered a minor setback in Simex at the opening after report of a huge increase in the US money supply. The contract opened 16 ticks lower at 99.08 and traded narrowly in the first half of the session. The market recovered a little in
      BA Futures  -  579 words
    • 293 5 Asian market ASIAN DOLLAR deposit rates yesterday closed steady at opening levels in quiet afternoon trading. Short-dates firmed 1/6 point at the outset, and remained unchanged in subsequent trading with weekend and Monday/Tuesday closing at 6-1/4 6-1/8 per cent each and week fixed at 6-1/8 6. Period rates were steady
      293 words
    • 983 5 SINGAPORE: The US dollar closed firmer against most major currencies in thin trading yesterday, helped by initial short covering and late booksquaring ahead of the long weekend in Japan. Though the dollar strengthened, its undertone remained bearish due to further indication of a weak US economy after Thursday's
      983 words
    • 314 5 HONGKONG: Gold closed easier in fairly quiet and dull trading yesterday in the absence of fresh factors. There was some overseas buying interest but local prof-it-taking prevented the metal from gaining ground, dealers said. Bullion closed at U*****.30/80 an ounce against New York's U*****.75/U*****.25 close and the U*****.30/80
      314 words
    • 176 5 Interbank rates at 3pm yesterday: CwrmiclM sr rale* OMer e reee partly Local dollars to on* unit of foreign currency: US dollar 2.1925 2.1935 2.8196 -22.24 Sterling pound Australian dollar 3.0958 3.0994 7.3469 -57.86 1.4141 1.4170 3.4286 -58.76 NZ dollar 1.1357 1.1384 3.4286 -66.88 Canadian dollar 1.5818 1.5831
      176 words
  • Page 5 Advertisements
    • 410 5 Eurobank renamed Deutsche Bank (Asia) In future European Asian Bank will be named Deutsche Bank (Asia)". This change of name is a visible expression of Deutsche Bank's majority shareholding in the Hamburg based bank. It also underlines Deutsche Bank's business policy of expanding its global presence by strengthening operations in
      410 words

  • TIME-OFF
    • 522 6 AT THE MOUTH of the Singapore River is Singapore's most famous monument. It is set in a small park and at the entrance of this park, there is now a sign proclaiming that this week is dedicated to the creature which, although originally
      522 words
    • 1131 6  -  Powerboat race will determine the world rankings for the 1987 season It takes a special breed of man to sit hunched up behind the wheel of a machine that skims over the waves at speeds that blur the eye. Tomorrow, they will appear in Singapore for
      the thrill of it a 11...  -  1,131 words
    • 252 6 TO CELEBRATE Deepavali recently, the Sindhi Merchants Association sent out cheques to friends and clients. Not that it was generous with money. The cheque was made out for the sum of "Three hundred and sixty five days of happiness and prosperity in the new year." The
      252 words
    • Article, Illustration
      401 6  -  >»L Mike Thumba Bidding South West North East IS P 3NT P 5S P 6S All Pass Dealer: South Vulnerable: all NS: Patrick Huang Michael Tai (Taipei) EW: Japanese pair Patrick Huang won the Small Slam Controct. THE 11-DAY Far East Bridge Championships Games held in Penang ended on
      401 words
  • BILLBOARD
    • 26 6 PASAR MALAM: Singapore Handicraft Centra. 6-lOpm. About 20 stalls selling a wide range of traditional foods plus stalls selling handicrafts and Singapore-made goods. On everyday.
      26 words
    • 45 6 DRAMA FESTIVAL: Bahtera (Malay). Drama Centre. Bpm. Performedby Teater Nadi. Tickets at $3 and $5 from Victoria Theatre. FILM: Let Jeux De L'Amour Et Du Hatard. RELC Auditorium, 30 Orange Grove Road. 9pm. A film after Marivaux's famous comedy and made for television. Free.
      45 words
    • 52 6 LUNCHTIME PROGRAMME: Classical Music by NUS Concert Orchestra Chamber Group. Faculty of Arts and Social Sciences, NUS. 1.05-1.55pm. Programme includes Corelli's concerto grosso, op 6, no 8. Torelli's Christmas concerto, Saens' Le Cygne and Elgar's Salut d'amour. Free. ENTERTAINMENT SPECIALS: At the Singapore Handicraft Centre. Royal Force Australian Band.
      52 words
    • 48 6 CONCERT: Yves Storms. Hotel Meridien, Lafite Room. 9.30pm. The concert will feature compositions by Heitor Villa-Lobos, Joaquin Turina, Federico Morenzo, Torroba, Joaquin Rodrigo and Antonio Ruiz-Pipo. For reservations, call *****55 ext 8340/8341. EXHIBITION: Surface Illumination N«w Worts In Paper. #03-13 The Promenade. 10am-Bpm. By Helyne Jennings. Free.
      48 words
    • 276 6 CONCERT: SSO Features Salvatore Accardo. Victoria Concert Hall. 8.15pm. Programme includes Walton's Scapino A comedy overture and Stravinsky's symphony in three movements. Tickets at $4, $7, $10. $15 from usual booking centres. Another performance tomorrow. (See highlight) LUNCHTIME PROGRAMME: Boasts and Birds. Shell Theatrette, thirdlevel podium block. Shell Tower.
      276 words
    • 256 6 CONCERT: Zhefiang Little Flowers Shaoxlng Opera Troupe. Kallang Theatre. Bpm. The troupe, from the People's Republic of China, will perform Five Daughters at the Birthday Celebration. DRAMA FESTIVAL: A False Stop (Mandarin). Victoria Theatre. Bpm. Performed by the Singapore Amateur Players, One False Step is a hilarious comedy on
      256 words
    • 36 6 DRAMA FESTIVAL: Nen|il Adum Nizhalkal (Tamil). Victoria Theatre. Bpm. Performed by the Singapore Indian Artistes' Association. Tickets at $3 and $5 from Victoria Theatre. BAND PERFORMANCE: Anglo-Chi-nese School Military Band. Macßitchie Reservoir Park. 5-Bpm. Free.
      36 words
    • 154 6 What's on from Nov 22-28 NEXT WEEK'* soloist for ths SSO concert Is Salvatore Accardo (right). Mr Accardo will give a performance on Friday and Saturday at the Victoria Concert Hall. Mr Accardo gave his first public recital at the age of 13. Since winning first
      154 words
    • 308 6 EXHIBITIONS Singapore River. National Archives Exhibition Hall. 140 Hill Street. 10am6pm. An exhibition on the legends of the Singapore River before Raffles's arrival till the present. On display are 150 photographs, maps, building plans, paintings, documents and artifacts capturing the history and the changing moods and times of
      308 words
  • Page 6 Advertisements

  • SPORTS
    • 506 7  -  By BRIAN MILLER START THE DAY with Graham Cook and you won t go wrong. The Australian hoop, back from a three-day suspension after his ride on Workaholic in the Lion City Cup race, has been declared for two mounts in today s Kuala Lumpur seven-race card
      506 words
    • 632 7  -  JEFFREY TSANG By ACCIDENTS WILL HAPPEN. And in a super high speed race like the powerboat grand prix tomorrow they inevitably do. Nonetheless, the organisers of the tenth and final race in the 1986 Fonda World GP Series at Marina Bay have the safety
      632 words
    • 415 7 AP TREVOR BERBICK has predicted that he will knock out Mike Tyson, who is a solid favourite, tonight in defence of the World Boxing Council heavyweight title. "I'm looking to take him out by the seventh round," Berbick said on Thursday at the
      AP  -  415 words
    • 162 7 AP FIFTH-SEEDED Pam Shriver upset an angry Hana Mandlikova and top-seeded Martina Navratilova crushed West Germany's Bettina Bunge on Thursday night to set up one semi-final match of the US$l million Virginia Slims tennis championships. "I played a hundred matches and I've never been cheated
      AP  -  162 words
    • 477 7 UPI SYNDICATE officials, fed up with the poor performance of Australia 111, withdrew the world champion from the America's Cup defence series yesterday and sacked the bulk of the crew. "We only need one weapon,'' said Warren Jones, executive director of Alan Bond's troubled
      UPI  -  477 words
  • Page 7 Miscellaneous
    • 1225 7 'wvmmm iTT :T i] B 5 Tony Curtis (left) and Susan Lucci (right) star in this dramatic recounting of the tempestuous relationship between the late underworld figure, Sam Giancana, and his daughter, Antoinette. A suicide attempt, failed romances because of her father's reputation, a failed marriage and constant rejections from
      1,225 words
    • 742 7 QHD CRYPTIC PUZZLE ACROSS 9 The entertainment's not very good: Won't do (5. 4) 10 There's a funny board with "Beer" outside. Charming (8) 12 Puts it on tor the performances (4) 13 Did the same when the fish pie came in (8) 14 An obvious choice, being so unpretentious
      742 words

  • INTERNATIONAL STOCKS
    • 300 8 Reuter GOODYEAR Tire Rubber Co ended a takeover threat from Sir James Goldsmith by paying greenmail, according to Wall Street arbitrageurs. The arbitrageurs, already counting losses from the sell-off of takeover stocks after the insider trading scandal, said the transaction between Goodyear and Sir Goldsmith
      Reuter  -  300 words
    • 141 8 Reuter THE FIRST SUIT brought by a private investor who claims to have lost money because of Ivan Boesky's insider trading has been filed against the arbitrageur, Drexel Burnham Lambert Inc, Dennis Levine and others. The suit seeks class action against Boesky, Drexel,
      Reuter  -  141 words
    • 350 8 Reuter STOCK PRICES closed sharply higher on Thursday as the market continued to draw strength from stocks with sound fundamentals, particularly blue chips. Takeover stocks, battered in an emotional sell-off earlier this week in response to the insider trading scandal, recovered some ground. The
      Reuter  -  350 words
    • 142 8 NOV 20 Abitibi C t 27* Imp Oil CI A Inco In! Prov PIp* 46% 16% 30 20'/« unch unch A lean Alum 42% Algoma Stl 11%B WRWWI 11% Bank Nova Scotia Bank Of Montreal 16'/i 33* 37 unch unch 54 McMil Bldl Molson A Moor* Corp 40% 21%
      142 words
    • 215 8 NOV 20 RAM) Trust B* Un Steel Wooltru 140 80 1500 5 unch 50 MOUSTMALS MM* KM A Alpha 1390 unch 6475 -50 Abercom Aed 280 1500 10 unch Angvaal 2100 -50 Amaprop AMIC 425 4650 unch -ISO Buffets Charter 8050 1750 •100 unch Barlows C G Smith 1950
      215 words
    • 487 8 NOV M US IEastern Airt 9 unch N L Induat 4% Alcan Akimin Alcoa 30'* 36* Eastman Kodak EM Lilly Engelhard Cp 67* 74% 29% 2% 1 unch NabecoRi NaV Dial Cham Navistar 49* 43* 5* iy« Alleg Infl Allied Sig 14* ...40'/. unch *X Exxon Cp 66*
      487 words
    • 673 8 Amsterdam NOV 30 FLS ABN 550 50 ■♦•3.5 A agon AhoM 92 70 110 20 1 2 9 159 00 1.7 148 30 AMEV Amro Bank As* Stad 75.20 95 30 125 00 1 0.8 2 Barkal 3080 BOLS 171.00 Boraumii 145 Buatirman Tattaroda 229 Calva 892 Elaaviar
      673 words
    • 159 8 Reuter The UK government is pricing shares in British Gas PLC at 135 pence each. The announcement was made by Secretary of State for Energy Peter Walker in answer to a parliamentary question yesterday. He said the offer of 4.025 billion shares had
      Reuter  -  159 words
  • Page 8 Advertisements
    • 596 8 4 m to wim. ilsie m<& In ■r MERLION POT A nutritious blend of prawns, beancurd and carrots, delicately seasoned and brought to a simmer to enhance its flavour. Served piping hot in an earthen casserole, the MERLION POT is accompanied with a bowl of steamed rice. All for *9.50*
      596 words
    • 86 8 Zurich pricM woro not availoblo London slocks on Pago 11 Thunderstorm expected nightly from 8 pm except Sundays. Hold it, don\ reach out for your umbrella. It's Thunderstorm, the band that 11 be striking up. Come prepared instead for a downpour of latest hits any day from Bpm except Sundays,
      86 words

  • ASIAN STOCKS
    • 323 9 HONGKONG: Share prices yesterday closed generally firmer with banks in particular recording strong gains, brokers said. The Hang Seng Index rose 28.03 to end at 2,273.98 and the Hong Kong Index 16.45 to 1,442.47. Turnover was HK5532.97 million. NOV 21 HK S Jardina sac. Ka Wah Bank KMB 20
      323 words
    • 249 9 Kolin 25 30 -0.4 NOV 21 All Sincere Indus Asia Cement NT 1 83 28 .10 -0.07 0.2 -03 0.2 -0.2 -0.1 -02 -0.3 -02 Kuochan Daw Laa Chang Yuan Cham Indus Lian Hwa Indua Nan Ya Plas 22.20 28 60 23.00 34.70 -03 -0.2 0.3 unch Chang Hwa
      249 words
    • 416 9 TOKYO: Stocks closed higher yesterday for the fourth straight session as investors gained confidence following Wall Street's rebound from declines prompted by the Ivan Boesky trading scandal. The market average climbed 185.02 and closed at 17,489.58. Advances led declines by nearly two to one and volume grew to 410
      416 words
    • 76 9 NOV XI PESOS 1 42 0 04 Aco|« Mining Anglo Phil Oriental B Phil Overseas Phil#* B 0024 0 026 0 33 unch unch 0.01 unch -•-1 Picop B PLOT 252 50 3-5 San Migual B 72 0 015 1 •0 001 Benguet Con. B. 110 -1 Sima Darby.....
      76 words
    • 410 9 SYDNEY: A slightly higher gold price overnight boosted confidence, pushing up prices throughout the Australian share markets yesterday. Brokers said the bullion price, which rose US$3.2O in New York overnight to US$39l an ounce, was still pointing the direction for the markets on a daily basis. "A feature of
      410 words
    • 108 9 NOV 21 WON 1760 10 Kal Kangwon Ind 1290 1061 1700 18 20 27 576 22 1860 10 1190 Kotm Long Term 1570 70 1420 11 Lucky Lid 1630 31 Daishin Sacuritiaa 2900 850 60 5 Oriental Brawary Oriental Cham 1306 1850 unch 10 Dong Suh Slock Dongbu Steal
      108 words
    • 146 9 BANGKOK: The Stock Exchange of Thailand Index was down by 0.56 to 182.24. Turnover totalled 447,511 shares worth 81.9 million baht. Reuter NOV 21 14 iHT Siam Camant 759 unch Siam Citizen* *u*p Ao Kham That Siam Citizena auap iM f Ayudhya Invaatment 202 -2 Siam City 560 44
      146 words
    • 61 9 Reuter THE STANDARD Oil Co plans to issue a US$lOO million 10-year bond in Tokyo next month, Yamaichi Securities Co Ltd said, as lead manager. The US oil company applied to the Japanese finance ministry on Nov 13 for permission to launch the bond. Payment
      Reuter  -  61 words
    • 358 9 FT JAPAN'S moribund corporate bond market could soon come back to life if proposals to ease restrictions on borrowers and borrowing are accepted. If and when the Japanese corporate bond market does become more attractive, it would be a blow for the European
      FT  -  358 words
    • 194 9 Reuter TRADING VOLUME on the Colombo Securities Exchange has fallen by 75 per cent from normal levels of 800,000 rupees a day since Finance and Planning Minister Ronnie De Mel announced new taxes last week, industry sources told Reuters. Some 188,000 rupees
      Reuter  -  194 words
    • 108 9 Reuter FIVE OF JAPAN'S top six heavy machinery and shipbuilding firms are likely to report losses in the year ending March 31, 1987, because of the yen's rise against the dollar and the shipping industry recession. industry sources say. In the si* months to end-Sep-tember, Mitsubishi
      Reuter  -  108 words
    • 105 9 Reuter CHUO TRUST Asia Ltd, a depos-it-taking unit of the Chuo Trust and Banking Co Ltd, is planning a HK$lOO million certificate of deposit (CD) issue, banking sources say. The issue, which is guaranteed by the parent bank, is in two equal tranches. The first
      Reuter  -  105 words
    • 58 9 Reuter SUMITOMO Rubber Industries Ltd of Japan says it has a definitive agreement to acquire the equity interest in Dunlop Tire Corp now owned by First Boston Inc for about US$225 million, including Dunlop debt to be repaid or renegotiated. The transaction, due to close before
      Reuter  -  58 words
  • Page 9 Advertisements
    • 653 9 ISi/55z <S2l M m R* m P V. 8 //=*> Hooray for Sunday! Sunday Brunch at the Hubertus Grill. Make it an occasion for the whole family. Sausages, bacon, oysters, smoked salmon, tasty entrees... right through to pastries, puddings, fruit salad and cheeseboard Sunday Brunch: 11 am 2.30 pm $24
      653 words
    • 153 9 Moat Popular Showßawitro? The PMHPPt"* BUFFET SNACKS Eat all you can plua first drink SB.so++ spm Spin 4 re Singapore's very own Slim Whitman with country favourites and Happy Hours: 12 noon 7pm Buy onm A par onm Premium Brands bottfa rataa 25% off CAIRNHILL HOTEL 19 Cairnhill Circle. S
      153 words

  • SHARE INFORMATION
    • 4072 10 ALL BUT TWO stocks managed to finish in positive territory at the Singapore stock market yesterday, which recorded its biggest daily fall since the June rally this year. There were 161 price losers yesterday, with blue chips among the most heavily hit. News
      4,072 words
    • 232 10 SINGAPORE Rises Indices Nov 30 Nov 31 CCM 416 IT Comport* 7*7. It »UI MTC7K 358 +4 IT MkoKo *****4) 9 24*7303* >T OI/OS -351 -3M r-ll- IT CAD) -66*4 -*779 rallS ITO*V ****** +1*313 STMnrttab 8*6 90 l*X*7 C Proportion 421 -53 ST Ftoo 2075.34 2038.02
      232 words
    • 3796 10 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".
      3,796 words
    • COMPANY MEETINGS
  • Page 10 Advertisements

  • COMPANY NEWS
    • 508 11  -  MBf l U By LORETTA McLAUGHLAN PERMOOALAN MBf Sdn Bhd, a wholly-owned subsidiary of MBf Holdings Bhd, the finance, property and investment conglomerate. has succeeded in removing eight directors from the board of Emtex in court action taken in Kuala Lumpur on Thursday.
      508 words
    • 483 11  -  By ELAINE KOH WHILE the Emporium Holdings group is trying to put its repayment scheme in motion in Singapore, acroes the Causeway, the publicly-listed Lion Corporation is considering an option to buy up 60 per cent of the retail group's
      483 words
    • 185 11 HIND HOTELS International Lid said the approximate amount spent from 1977 to 1986 on renovation should be $8 million and not $18 million as stated in a previous announcement. MULTI-PURPOSE Holdings Bhd said it had not been informed by Koperatif Serbaguna Malaysia Bhd (KSM) that the cooperative would
      185 words
    • 392 11 SELLERS HELD SWAY on the Kuala Lumpur stock market yesterday, pushing most share prices lower. Finance and selected industrial stocks were traded lower as investors turned apprehensive after hearing about unfavourable developments in Singapore concerning tycoon Tan Sri Khoo
      392 words
    • 750 11 SHARES showed an early firmer bias in London yesterday, mainly in response to the 34-point rise on Wall Street overnight, but equities were also helped by a rise in UK government bonds, which were pushed up by stronger sterling. At 0917 GMT, the FTSE 100 share index was
      750 words
    • 452 11  -  It's now a $56m one-for-two issue of convertible unsecured bonds By CHAN OI CHEE AFTER MORE than four months of review, trading-based Jack Chia-MPH has decided on a $56 million one-for-two rights issue of convertible unsecured bonds. In early July, JC-MPH had proposed
      452 words
    • 306 11 WANNIAN HOLDINGS Ltd, the owner of Furama Hotel, lost its battle against creditors yesterday when it was ordered to be wound up in the High Court, making it the second publicly listed company to go into liquidation this year, after Pan-Elec-tric Industries. The
      306 words
    • 307 11 SRI HARTAMAS Corp Bhd said the approval given by the Foreign Investment Committee for its proposed purchase of the entire housing development business of Sri Hartamas Development (SHDC), including the letter's land bank, was subject to several conditions imposed
      307 words
    • 2322 11 INDUSTRIALS Aorta (—t AJfecmoto (3025) AWx Htg —I Alcorn «08 81 SI 07) 86 (2S 87 (10 84 OS 85 <231 83 (11 84.5 (7) 85.5 1141 86.5 (12 88 111 89 110 825 Q4I 82 126) 81 (81 80-5 (31 7? (51 78 Oil
      2,322 words
    • 113 11 HONGKONG All Industrials ***** ***** Hongkong Index Friday Thursday Friday 1442.47 Week ogo 2152.2 Thursday *****2 Week ogo 1423.94 NEW YORK Hang Seng Index Dow Jones. Friday 2273 98 Thursday *****6 Thursday 2245.95 Wednesday 1826 63 Week ago 2244 03 Week ogo *****0 TOKYO Standard Poors Thursday 242
      113 words
    • 232 11 Managers' price* MARA-Bumiputra for Nov 22 24 firs) B'putra 519 574 Second B'putra 474 479 Singapore Unit Trust 097 Third B'putra fourth B'putra 371 420 376 425 The Commerce 090 filth B'putro 271 276 The Savings Fund OBI 087 Sixth B'putra 276 281 S pore Prog Fund 034
      232 words
  • Page 11 Advertisements
    • 311 11 NOTICE IN THE MATTES OF THE COMPANIES ACT, CAP. IN AND IN THE MATTER OP TBEJONDO TRADING PR LTD (la Vatatary IJqaMattaa) At an Extraordinary General Meeting of the Company held at 18 Paslr Panjang Road Unit #06-32 PSA Multl Storey Complex Singapore 0511 on Tuesday, 18th November 1086 at
      311 words

  • 584 12  -  Singapore least expensive of Asian-Pacific cities By LEE HAN SHIH SINGAPORE has dropped five rungs in a survey of major cities around the world. But that is good news to everybody except developers. The survey was done by international property consultant Richard Ellis
    584 words
  • 196 12 Reuter, AFP ISRAELI PRESIDENT Chaim Herzog returned home from an 18day tour of Asia and the Pacific yesterday and urged his country to give higher priority to the Far East. He told reporters in Tel Aviv: "We need a new
    Reuter,; AFP  -  196 words
  • 382 12  -  By BRIAN GOMEZ, Regional Correspondent MALAYSIA has been feeling the impact of the economic recession in the last five years, and it is likely these "belt tightening" conditions will persist until 1990, according to a Malaysian government economist yesterday. Dr Zainal Aznam
    382 words
  • 178 12 MALAYSIAN-SINGAPORE economic ties "will inevitably become stronger due to the nature of the economies," according to Dr Zainal Aznam Yusof, a director in the Malaysian government's Economic Planning Unit. He was asked to comment on the future course of economic relations in the light
    178 words
  • 591 12 HOLDERS OF CPF-RE-LATED trustee stocks had a very unnerving time at the stock exchange last week. Prices generally drifted lower on extremely thin volume for most of the week, but plunged sharply on Friday. News reports about the sudden seizure of assets
    591 words
  • 179 12 UPI THE PHILIPPINE armed forces chief, who has said that he is trying to avert a military coup, has urged President Corazon Aquino to sack incompetent officials and her spokesman said yesterday that "one or two" Cabinet ministers might be fired. Press Secretary Teodoro
    UPI  -  179 words
  • 419 12 BUSINESS is flourishing again for local small- and mediumsized companies, which only a year ago had thought their future rather uncertain. And with the turn in fortunes comes the need for finance, which the Small Enterprise Bureau hopes to meet by
    419 words
  • 116 12 Reuter LITTLE HEADWAY has been made between major producers and consumers on the future of the International Natural Rubber Agreement. Officials in Kuala Lumpur said yesterday that the two sides remained sharply divided on the same key buffer stock issues which caused the previous round
    Reuter  -  116 words
  • 297 12  -  By ELAINE KOH THE GOVERNMENT decided not to allow any more foreign law firms to practise local law as it was felt that Singapore lawyers could not take the competition, indicated the British High Commissioner in Singapore, Sir Hamilton Whyte, yesterday. This
    297 words
  • 346 12 CENTURY PARK Sheraton Singapore has raised the retirement age of its employees from 56 to 56, the first hotel to make such a move. The retirement age issue was included in the hotel's latest collective agreement signed at the end of last month
    346 words
  • 76 12 COMEX gold futures were narrowly changed yesterday morning, with most of the activity coming from pre-weekend book squaring. Gold for delivery in December was off US$O.2O at $391.50 an ounce after fluctuating inside of Thursday's trading range of $392.50 to $387.50. Comex silver futures edged up
    76 words
  • 61 12 Reuter STOCK PRICES moved higher in early trading yesterday as the trend toward more fundamentally sound issues, particularly blue chips, continued. An advance in bond prices provided an additional boost to the market. The Dow Jones Industrials rose five points to 1865. Advances led declines by a
    Reuter  -  61 words
  • LATE FILE
    • 55 12 Reuter INCREASED public spending planned for next year will make it impoeaibie to carry out promised tax cuts, says British Chancellor of the Exchequer Nigel Lawson. "A pound spent in public expenditure is a pound not available for a reduction in taxes," he told a
      Reuter  -  55 words
    • 41 12 Bernama THE MALAYSIAN government cannot help but allow certain multinationals to rsise domestic loans for investment in the country since their technology is greatly needed, Malaysian Deputy Finance Minister Datuk Sabbaruddin Chik told Parliament yesterday. Bernama
      Bernama  -  41 words
    • 63 12 Bernama THE OFFICIAL Secrets (Amendment) Bill will not be referred to a Parliamentary select committee, Malaysian Prime Minister Datuk Seri Or Mahathir Mohamad said yesterday. He also ruled out the possibility of the Bill being withdrawn or further modifications made to it "It
      Bernama  -  63 words
    • 65 12 Reuter THE EXECUTIVE committee of the Association of Tin Producing Countries will meet in Kuala Lumpur on Monday and Tuesday to discuss ways of reducing surplus tin in the world. A proposal to freeze tin output by the ATPC's seven member countries to
      Reuter  -  65 words
    • 42 12 AP AUSTRALIAN and Indonesian businessmen yesterday accused the Australian media of insensitive reporting about Indonesia. The accuaation was contained in a communique issued at the end of a two-day meeting in Jakarta of the Australia-Indonesia Business Cooperation Committees. AP
      AP  -  42 words
    • 54 12 Reuter US SENATOR Ernest Hoi lings has told China to cut textile and garment exports to the US, which rose 86 per cent by volume and 61 per cent by value in the first nine months of this year, a US Embassy official in
      Reuter  -  54 words
    • 52 12 UPI AFGHAN President Babrak Karmal, installed as the nation's leader in the 1979 Soviet invasion, has resigned from his largely ceremonial job. Mr Karmal, who was demoted from the post of party chief last May, asked to quit his post and the Communist Party Politburo accepted the
      UPI  -  52 words
    • 45 12 Reuter BRITISH Prime Minister Margaret Thatcher and French President Francois Mitterrand discussed concern over US-Soviet arms control at talks in Paris yesterday. The two leaders met for an hour without advisers at the start of a regular annual summit between their governments.
      Reuter  -  45 words
  • Page 12 Advertisements
    • 8 12 Philippine* chalks up USsBsBm payments surplus, Page 3
      8 words
    • 49 12 \l,\l* > K ness Bull speed ahead: Tlie stockmaHcet charges ea Executive gifts: Chargeable and otherwise A changing picture: The video trade shapes up House-hunters are going lor landed properties My Fair Gentleman: Career men have to cope, too Can Singapore be an antique centre? DECEMBER 1986 ON SALE NOW
      49 words
  • Page 12 Miscellaneous
    • 44 12 t nxa Raport lor 24 hours prior to 7.30pm on Nov Mat tha airport: Maximum temporatura 30J Aaaodatod humidity 66 Minimum tompnratora 23.6 Aaaoclatod humidity 66 Houra of aunahlna 6.46 Rainfall In milllmotrsa nil RalnlaH thla month 140 J Rainy daya thl» month 13
      44 words