The Business Times, 29 November 1986

Microfilm: NL15627
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 192/12/85 SATURDAY, NOVEMBER tt, UN 75 CENTS
    12 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    238 1 STOCK MARKET SHARE PRICES on the Singapore stock market continued to fall in sluggish trading yesterday as investors again remained on the sidelines. The Strsits Times Industrial Index closed at 866.89, 6.31 points lower, and the BT Composite Index was off 6.88 points to 758.96. Declines led
    238 words
  • Article
    Banks consider ways to protect funds in Brunei
    695 1  -  Closed-door meeting called by Nat West yesterday By ALVIN TAY BANKS IN Singapore hit by Brunei's massive $1.3 billion loan scandal yesterday got together for the first time to explore possible plans of action to protect their funds. The closed-door meeting was
    695 words
  • Article
    Lock icon Hang Seng Index soars 64 points
    166 1 UPI SPURRED BY corporate restructurings announced or anticipated, the Hongkong stock market yesterday rocketed 64.42 points to close at a record 2,418.75. "The market is going to go through the roof," one broker said. Volume held steady at HK$l billion. A mammoth reshuffle of
    UPI  -  166 words
  • Article
    Emporium wins another reprieve from creditors
    418 1  -  By ELAINE KOH BELEAGUERED EMPORIUM HOLDINGS has won itself another reprieve from some of its creditors. Yesterday, the High Court adjourned hearing on nine wind-ing-up petitions against the parent company and three of its subeidiariee to April 24 next year in spite of an
    418 words
  • Article
    A tale of sea adventures
    59 1 WHEN TEN INDIAN army engineers decided to sail round the world, little did they realise that 750 million people would be rooting for their success. President Zail Singh even gave the sailors a half hour audience and Indian journalists around the world scrambled to be
    59 words
  • Article, Illustration
    It depends on where you catch your cab...
    527 1  -  By MARGARET THOMAS WRITE OUT the addrees to make sure your Singapore taxi driver will take you to the right place. Fortune magazine advises international business travellers in its latest edition. In a guide to the quirks and costs of cabs in
    527 words
  • Article
    Lock icon Malaysians march to Causeway to protest Herzog visit
    292 1 Bernama ABOUT 1,000 people took part in a procession to the Johor Causeway yeeterday to protest against the recent visit of Israeli President Chaim Herzog to Singapore. They went ahead with the protest despite police advice to the organisers to cancel the
    Bernama  -  292 words
  • Article, Illustration
    CPF savings rate cut to 23-year low of 4.34pc
    374 1 THE CENTRAL Provident Fund savings rate will be cut by 1.04 percentage point to a 23-year low of 4.34 per cent for the sixmonth period starting Jan 1 next year. But good news lies aheed for a quarter million HOB home
    374 words
  • Article
    DBS launches US$100m convertible bonds
    214 1 DBS BANK yestsrday launched its US$lOO-million convertible bonds in the Asian and Eurodollar markets. As reported by BT on Thursday, the new issue represents its fifth appearance on the international bond market. It is also the bank's biggest issue so far. The bank said in
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      137 1 Mikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM A WHOLE WORLD OF OPPORTUNITIES At Banque Indosuez, we've been serving Singapore as far back as 1905. Our office is part of a vast Asian and Australasian network spread over 18 countries including among others, New Zealand, Australia, Papua New Guinea, Japan, Korea, China,
      137 words
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      Page 1 Advertisements Column 2
      256 1 CMcw In Brunei to doc chirQM. fffft Ptgc SHAME MONEY ft EXCHANGES RAW MATERIALS AIRCRAFT SCHEDULE TV ft RADIO DOONESBURY OUR VIEW THERE IS SOMETHING TROUBLING about statistical surveys of sexual habits. They are either funny or annoying or distasteful, but rarely convincing. The reason is that statistics work with
      256 words
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      Page 1 Advertisements Column 3
      37 1 nra lialaifalan wort Malaysian •torlas on Back Pag« and Pag* 3 r SHwUfc 4c. N i i ■a W&t*'*~ i **l£- -uS- -g.' I V--J-. —f--feiiijgj aV^if? H M > 'rir}s% •v, v-&££; iV-'J- —»<; NNj? »i T i
      37 words
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      Page 1 Advertisements Column 4
      6 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM
      6 words
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  • HOME NEWS
    • Article, Illustration
      Shoemakers win orders worth $500,000 at world fair
      377 2  -  By BOEY KIT YIN SINGAPORE put its beet shoes forward in Europe and gained a foothold in that market as a result Five local shoemakers won 1536,000 worth of orders at a recent GDS International Footwear Fair in Dusseldorf. The companies J
      377 words
    • Article
      Knitting machines for Australia
      294 2 A LOCAL KNITTING machine manufacturer has made inroads into the Australian market, having won orders worth $1 million recently. Backed by a Market Development Assistance Scheme (MDAS) grant, Falmac made a sales trip to Melbourne in May to introduce its circular knitting machines to the Australian
      294 words
    • Article
      NWC to discuss wage reform report
      248 2 THE PROPOSALS for reforming Singapore's wage system will be discussed by the National Wages Council next week. BT understands that a meeting to discuss the report is scheduled for the tripartite body on Wednesday. The report was submitted to the chairman of the council
      248 words
    • Article
      We cannot afford ills of state welfarism, says Kan Seng
      314 2 STATE WELFARISM has three disadvantages that Singapore can ill afford, according to Mr Wong Kan Seng, the acting Minister for Community Development and Minister of State tor Communications and Information. Mr Wong was speaking yesterday at a breakfast meeting for
      314 words
    • Article
      HDB redesigns four- and five-room flats
      156 2 HOUSING DEVELOPMENT Board four- and five-room flats will take on a new look, with the first of these new generation units to be completed late next year. The new variation in flat design will be seen in some 2,600 flats in Choa Chu Kang,
      156 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      323 2 TAY KAY SEOK has been appointed the marketing manager of Digital Equipment Singapore Re Ltd. The company has also appointed Yap Poh Kheng as senior account manager and Chen Chlaw Chiaw as senior account manager of ssles commercial unit. Mrs Tsy will be responsible for implementing the
      323 words
    • Article
      STPB puts up best stand
      126 2 SINGAPORE has won, once again, the top award for presenting the Best Stand at the World Travel Market in London, one of the largest travel exhibition in the world. The Singapore Tourist Promotion Board stand was organised in conjunction with Singapore Airlines and included the
      126 words
    • Article
      NTI holds Open House today
      165 2 THE NEWLY-COMPLETED $200 million Nanyang Technological Institute opens its facilities to the public today, its first Open House. The public is invited to visit the sprawling campus. training ground of Singapore's future engineers. Open for viewing will be the laboratories, workshops, the library and GINTIC,
      165 words
    • Article
      Corrections and clarifications
      66 2 THE two barrier parking systems the URA will install at Funan Centre and Beauty World Centre will cost together a total of $200,000 plus $9,000 for maintenance, and not individually as reported yesterday. If the project is successful, the Authority may consider installing similar systems in its
      66 words
    • Article
      Price Waterhouse may spend Christmas in town
      547 2  -  By LEE HAN SHIH, Property Correspondent SANTA CLAUS is not the only person who is coming to town for Christmas. The entire staff of Prica Waterhouse, some 350 to 400 of them, are coming as well. And they are here to stay. After
      547 words
    • Article
      SHIPS IN PORT
      1067 2 AT CONVENTIONAL WHARVES MARMA WHARVES VmmI Bartl 1 Arrival Departure Ever Sturdy/B M3A alongside 29.11/1500 KEPPEL WHARVES Auby K25W alongside 29.11/1500 Halim Mulia Hong Eng Johan M4A M3A M4B 29.11/0600 29.11/1500 29.11/1000 3O.11/230O 30.11/1500 30.11/1000 Seisho Moru K18 alongside 29.11/1500 Motor MIB 29.11/0715 29.11/2300 Towon Thai <26
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  • Page 2 Advertisements
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  • ASIA-PACIFIC
    • Article
      Lock icon India aims to double bilateral trade with Malaysia by 1989
      311 3 MBT INDIA hopes to double its bilateral trade with Malaysia by 1969 which now stands at US$4OO million to US$5OO million a year. Dr Charat Ram, leader of a delegation from the Federation ol Indian Chambers of Commerce and Industry
      MBT  -  311 words
    • Article
      Lock icon Indian trade deficit narrows
      99 3 Reuter THE COMMERCE Ministry has said that India's trade deficit narrowed to a provisionally estimated 33.82 billion rupees in the six months ended September from an estimated 41.24 billion in the same period a year earlier. Imports rose to a provisional 92.39 billion from 91.41 in
      Reuter  -  99 words
    • Article, Illustration
      Lock icon Ceasefire enhances gains of February revolt, says Ramos
      453 3 Manila commemorates uprising against Marcos AP THE HEAD of the Philippine Armed Forces said yesterday the signing of the nation's first ceasefire agreement between communist rebels and the government was part of the government's goal to enhance the February revolution that brought
      AP  -  453 words
    • Article
      Lock icon Border insurgency eliminated: Murdani
      325 3 AFP INDONESIA'S armed forces com-mander-in-chief believes that the communist insurgency inside the Indonesian border with Malaysia on Borneo has been eliminated, a newspaper reported in Jakarta yesterday. "Indonesia's border areas are now clean. There are no more insurgents there," Kompas quoted General Benny Murdani as saying
      AFP  -  325 words
    • Article
      Lock icon Sidewalk vendors thrive in spite of recession
      615 3 Reuter AFTER YEARS of trying to keep an army of pavement traders off the streets, the Indonesian government now sees them as a cushion against unemployment at a time when the economy is in the doldrums. Thousands of people run thriving businesses along
      Reuter  -  615 words
    • Article
      Lock icon Veteran wants China to reaffirm orthodox communist principles
      427 3 AFP ONE OF CHINA'S most senior revolutionary veterans has called for a reaffirmation of orthodox communist principles, asserting that "socialist democracy'' is better than "capitalist democracy". "Some people look to bourgeois democracy as if capitalist society were even brighter than our sun,"
      AFP  -  427 words
    • Article, Illustration
      Lock icon Call for Keating to resign
      211 3 UPI THE AUSTRALIAN federal opposition leader, John Howard, yesterday demanded the resignation of Treasurer Paul Keating over the letter's admission that he failed to file personal income tax returns. "It appears there is one law for the rest of us snd one for him," Mr
      UPI  -  211 words
    • Article
      Lock icon Tokyo consumer prices down
      71 3 AFP TOKYO'S consumer prices, a bellwether of national inflation trends, fell 0.4 per cent in November from the previous month. The Management and Coordination Agency said yesterday that the November consumer price index for Tokyo's 23 wards stood at 100.6 against the 1965 base figure of
      AFP  -  71 words
    • Article
      Lock icon Little evidence to show officers planned to stage coup last weekend
      357 3 AP IN SPITE OF claims of a major plot last weekend, little evidence hss emerged that dissident officers were any cloeer to moving against Philippine Preeident Corazon Aquino than during the weeks when Manila was rife with rumours of
      AP  -  357 words
    • Article
      Lock icon 'Aid to Thais a success'
      93 3 Bernama WEST GERMANY views its development aid to Thailand it a "great success", West German diplomats said. The cumulative West German Economic Cooperation has reached 775 million marks while technical assistance was 252.7 million marks. In the last Thai-West German talks, Bonn had raised its
      Bernama  -  93 words
    • Article
      Lock icon Japan and China to hold trade meeting
      204 3 AFP DEPUTY foreign ministers of China and Japan have agreed to hold a work-ing-level Mixed Trade Committee meeting to discuss ways to boost Japan's imports from China. Japanese officials said. Japanese Deputy Foreign Minister Shinichi Yanai and his Chinese counterpart Liu Shouqing agreed
      AFP  -  204 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      907 3 ARRIVALS Operator Swlc> number local rim* From OA UA SU CAL SU SV MAS CV KAL MAS MAS AC CPA MA GU SU su THAI SU MAS GU SU SU GU SU SV SU su GU SU su su GU THAI KLM SU THAI CPA MAS MAS
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      63 3 j I The business person's choice, every I I II \I I If II I Tuesday, Thursday, Saturday and I I VI I II f I \l Sunday. Leaving Changi Airport at I 1 J-y V/J. 1 22:05 hours and arriving at Heathrow at 06:45 hours the following morning. Call
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  • REST OF THE WORLD
    • Article, Illustration
      Lock icon Regan denies he knew of Contra funding
      675 4 Accusers challenged to give details to Justice Department AP WHITE HOUSE Chief of Staff Donald Regan haa denied report* that he had full knowledge that profits from arms sales to Iran were being diverted to help Contra rebels fight Nicaragua's Sandinista government. One
      AP  -  675 words
    • Article
      Lock icon Russians and Nato allies criticise US for exceeding Salt2 limits
      324 4 FT THE US decision to exceed the weapons limits of the Salt 2 treaty by putting into operation the 131 st 852 bomber armed with nuclear weapons or cruise missiles was criticised yesterdsy by both the Soviet Union and some
      FT  -  324 words
    • Article
      Downturn in trade puts Brazil in a tight spot
      535 4 A SHARP decline in Brazil's trade performance and widespread reports of a slump in foreign exchange reserves have undermined the government's position in talks due to begin next month on the country's US$lO7 billion foreign debt Pressure is mounting from the
      535 words
    • Article
      Lock icon East Germans expect jump in GNP
      259 4 AFP EAST Germany has forecast a 25 per cent increase in gross national product and a broad increase in national revenue in a new five-year plan announced on Thursday for the period 1966 to 1990. The plan, the guidelines of which were made public
      AFP  -  259 words
    • Article
      Lock icon W Germany posts high trade surplus
      231 4 AFP WEST GERMANY posted a 10.7 billion deutschemark (U555.35 billion) trade surplus in October, only 200 million marks less than the record monthly surplus recorded last July, the federal statistics office said in Weisbaden on Thursday. The latest figures, of sxports of 46.2 billion
      AFP  -  231 words
  • RAW MATERIALS
    • Article
      LONDON MARKETS
      1120 4 COFFEE Nearby robusta futures contracts dipped in thin late activity on Thursday and settled £105 per tonne lower in spot November to £15 higher. Most months closed at the lows. Mixed selling depressed soon-to-expire spot November, bringing it to parity with the January contract at times and erasing
      1,120 words
    • Article
      RAS and MRELB
      297 4 RAS prices m fo NOON B In bates aosc In* 1 RSS Prompt Int 1 RSS Doc 86 bit 1 RSS ion 87 Int 2 RSS OP In* 3 RSS OP In* 4 RSS OP Int 5 RSS OP Ruyort 177 JO 177 JO 175 JO 173
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    • Article
      SSR and SMR
      85 4 (oanti/kg, 1-ton pc DEC 86 JAN 87 (currant month) (forwai rd month) NOON NOON RAS lwy«n n far** S«*TI SSI 30 166.50 168.50N 167 JO 169 JON SSI 50 163 JO 165 JON 164.50 166J0N MRELB ■vycn S«ft*n lwy*rt Silw SMI cv 375.00 377.00N 376.00 378.00N SMI
      85 words
    • Article
      PALM OIL
      187 4 MALAYSIAN crude palm oil cloeed easier yesterday on light selling after lack of fresh factors. Initially the market rebounded from overnight lows on covering after India's purchases of more than 40,000 tonnes of RBD olein and neutralised palm oil, but profit-taking around noon took prices off their highs.
      187 words
    • Article
      OIL & PRODUCTS
      78 4 OIL PRODUCTS A RELATIVELY quiet trading day. Naphtha was weaker again in Japan while FOB Singapore remained stable. All other products were stable. Closing prices for crude (FOB origin) USS/barrel Otange Dubai (Dec) Closed WT1, Wat T«xa» Intermediate, (Jan) Closed Closing prices for products (FOB Singapore) US$/barrel Change KiroitM 20.40
      78 words
    • Article
      KL tin: Rises 15 cents
      154 4 THE PRICE OF TIN on the Kuala Lumpur Tin Market yesterday firmed further to close M 516.35 per kilo, up 15 cents from Thursday's close on continued short covering reflecting higher European spot market. Dealers said European buyers were again buying strongly after the continuing
      154 words
    • Article
      RUBBER
      219 4 SINGAPORE The market closed 1.50 cents higher yesterday with Dec One RSS buyers quoted at 178.50 cents/kilo. The morning session gained 0.50 cent on light buying in thin trading. Prices improved further in quiet afternoon trading on speculative buying and weekend short covering. On the TSR-20 market, trading remained
      219 words
    • Article
      Produce exchange
      135 4 Chinese Produce Exchange Sftttfi' noon doting pricti on Nov 28 (SS/100 kg). Coconut oil kk FOB 66.00 Otd drum FOB 7600 Now drum FOB 86.00 totourta 20/25% FOB NSW Nutmeg 110 FOB NSW BW? FOB NSW Gambler FOB NSW 550.00 1405.00 1289.00 330.00 Copra Mixed (too**) 33 Morart
      135 words
    • Article
      RICE
      66 4 Bangkok ftroken Rice 123 120 (USS/taMW, FOft) A-l Swpw A-l Sp«dai White Rice C-1 Sp«dol ««q 100% 1P dan 250 C-l Ord wnq 100% 2nd dan 215 Loonzain Rice 100% 3rd dan 210 100% 1* grod* unq 5% 10% 200 195 100% 2nd grad* 100% 3rd grod* 210 "»q
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  • Page 4 Advertisements
  • Page 4 Miscellaneous
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  • BANKING AND FINANCE
    • Article
      Asian dollar market
      296 5 ASIAN DOLLAR deposit rates closed little changed from opening levels yesterday, after a day of quiet trading. Short-dates were mostly steady at the outset and remained unchanged subsequently. Weekend. Monday/Tuesday and weekfixed cloeed at a common 6-1/8 6 per cent. c The market remained concerned over political
      296 words
    • Article, Illustration
      Money markets
      128 5 THE OVERNIGHT rate on the Singapore interbank market closed at 4 1/4 per cent yeeterday, up 1 1/8 point from Thursday. One-month rose 1/4 point while two- and three-months rose 5/16. Indicates the average of the prime lending rates of 12 major banks in Singapore S$ Interbank rates
      128 words
    • Article
      Treasury bills
      49 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Deb 1 to Dec 5: Offered: $160,000,000 Applied for $479,250,000 Allotted: $160,000,000 Accepted bids: $99.45 and approximately 2 per cent higher bids in full. Average rale of discount on allotment: 2.060 per cent per annum.
      49 words
    • Article
      Simex
      572 5 MARCH US TroaeuryBonds opened sharply higher at 96.26 and traded slightly higher in quiet post-US holiday and month-end trading yesterday. Market activity remained thin with traders staying on the sidelines swaiting next week's economic indicators for further direction. The March bond finally ssttled 17 ticks higher at the day's
      572 words
    • Article
      Forex markets
      1052 5 SINGAPORE: The US dollar cloeed easier against major currencies yesterday on light selling by Asian and European operators. but firmer against the Singapore currency. The dollar's weakness was mainly due to political and economic considerations but trading was thin due to weekend and month-end factors and after the
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    • Article
      Foreign Exchange
      181 5 Interbank rates at 3pm yesterday: CyrrinclM NmM rain MMm BM OBar •OMparflr •haoga local dollars to em unit currency^ US doMor 2.1940 2.1970 ***** -22.12 Storing pound 3.1466 3.1504 7.3469 -57.17 Autfraftan doflot 1.4252 1.4200 3.4286 5643 HZ daNar 1.1221 1.1246 3.4286 -67.27 C 1 HI r. ril
      181 words
    • Article
      Lock icon KL considers credit reform
      445 5 Aim to complement changes to export refinancing scheme MBT MALAYSIA is considering reforming its credit snd guarantee system to complement recent changes to its export credit refinancing scheme. Bank Negara'a senior assistant manager in the economics department Mrs Latifah Merican, said in Kuala Lumpur on Thursday
      MBT  -  445 words
    • Article
      Precious metals
      270 5 HONGKONG: Gold closed firmer on renewed buying interest in fairly active late trading. The metal ended at U*****.75/U*****.25 an ounce against London's U*****.50/U*****.00 close and the U*****.25/75 finish here on Thursday. On the local market gold cioeed HK$34 higher at HK53,582 a tael. The Krugerrand rose HK$3O to
      270 words
    • Article
      Lock icon Paris withdraws new coin
      123 5 AP FRENCH Finance Minister Edouard Balladur hat suspended distribution of a controversial nsw 10franc coin which is very similar to the existing 50centime piece. But his ministry on Thursday said withdrawing either coin would cost at least 100 million francs. Member» of parliament and the public
      AP  -  123 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      837 5 Q BANK OF NEW ZEALAND Annual Report lor Mm Ymt Ended 31st March IMS Aaaats Cash. Deposits with Bankers, Remittances and Other Short Notice Moneys New Zealand and Overseas Government and Local Body Securities Advances. Bills Discounted. Lease Receivables and Other Debts due to the Bank after deducting Provision for
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  • TIME-OFF
    • Article
      Seductio ad absurdum
      581 6 STATISTICS has everything to do with sex, at least as far as language goes. To any but the most academically inclined (and who knows, perhaps even to them), the word "statistics" immediately comes to life when preceded by the vital adjective. But beyond this connection, statistics would
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    • Article, Illustration
      The adventure that grows
      1226 6  -  By WALTON MORAIS IT BEGAN as an army adventure training exercise but then grew to become a symbol of national pride. For 10 Indian army engineers, sailing will never be the same again. When they made plans to sail round the world, little did they realise
      1,226 words
    • Article, Illustration
      STRAWS in the Wind
      283 6 BRIGHT LIGHTS at Orchard Road convey more than just Season's Greetings and a festive mood. The lights adorning the Specialist Centre convey mixed feelings about how MRT work had been diverting traffic and customers. "Ho, Ho, Ho. I'm glad Somerset Road is back to where it
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    • BILLBOARD
      • Article
        TOMORROW
        119 6 BAND PERFORMANCE: West Australian String Quartet. Cafe L'Espresso, Goodwood Park Hotel. 130-3.15pm. The group, comprising Ronald Thomas and Alan Bonds (violin), Berian Evans (viola) and Gregory Baron (cello), was formed in 1977 and gave its first performance at the 1978 Festival of Perth. Devoted to the development of chamber
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      • Article
        MONDAY
        97 6 LUNCHTIME PROGRAMME: Poetry In Motion. Faculty of Arts and Social Sciences, NUS. 1.05pm-1.55pm. Poetry in Motion, a group of four West Australian poets, has given performances all over Australia. One of the aims of the group is to popularise poetry as an oral medium. Free. FILM: Ambassadors of Music.
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      • Article
        TUESDAY
        26 6 FILM: Mouchttt». RELC Auditorium, 30 Orange Grove Road. 9pm. This black and white film is about a young woman, whose boring life is retraced. Free.
        26 words
      • Article
        WEDNESDAY
        64 6 LUNCHTIME PROGRAMME: A Choral Preeentatlon. Faculty of Arts and Social Sciences, NUS. 1.05pm--1.55pm. The Singapore American School concert choir and singers will perform a selection of songs, including Over The Rainbow, That's Entertainment, Candle On The Water and Applause. Free. PASAR MALAM: Singapore Handicraft Centre. 6-10pm. About 20 stalls
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      • Article
        THURSDAY
        48 6 PASAR MALAM: Singapore Handicraft Centre. 6-1 Opm. About 20 stalls selling a wide range of traditional foods plus stalls selling handicrafts and Singapore-made goods. PASAR MALAM: Singapore Handicraft Centre. 6-10pm. About 20 stalls selling a wide range of traditional foods plus stalls selling handicrafts and Singapore-made goods.
        48 words
      • Article
        FRIDAY
        129 6 CONCERT: Music and Movement. Victoria Theatre. 6pm. Featuring four of NUS's dance troupes, the Indian Instrumental Ensemble and the Rondalla. Tickets at $4 from Centre for Musical Activities, NUS, Victoria Theatre, Centrepoint and Tangs Superstore. LUNCHTIME PROGRAMME: Beasts and Birds. Shell Theatrette, thirdlevel podium block, Shell Tower. 12.30-1.15pm. By
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      • Article
        TODAY
        315 6 CONCERT: SSO Features Sahratore Accardo (violin). Victoria Concert Hall. 6.15pm. Programme includes Walton's Scapino A comedy overture and Stravinsky's symphony in three movements. Tickets at $4, $7, $10 and $15 from usual booking centres. Soiree '66. Singapore Conference Hall. spm. Performance by the NUS Harmonica Band and Guitar Ensemble.
        315 words
      • Article
        ALL WEEK
        102 6 EXHIBITIONS Surface Illumination Now Worts In Paper. #03-13 The Promenade. 10am-6pm. By Helyne Jennings. Free. On till Dec 8. The Experience* of Prteoners-of-War In Singapore. Pioneers of Singapore/Surrender Chambers Exhibition Room, Sentosa Island, tam 9pm. A pictorial exhibition on the experiences of prisoners of war in Singapore during
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      • Article, Illustration
        Japanese film classics
        136 6 THE Singapore Him Socioty will •how two Japanaaa classics lor tha month of Dacambar, "Equinox Flo war" and "Ogln: Har Lova And Faith". Tha rtghtnass of savoring tha traditional family dapandanca bond la quastionad in "Equinox Flowar", In which a girl chooaas to marry a man not
        136 words
    • Article, Illustration
      Bridge
      404 6  -  By Mike Thumba THE ABOVE two matches were played between Singpaore and Hongkono at the Far East Open Teams games in Penang recently. Both in the "Open Room" (where spectators can watch the players) and in the "Close Room" (where they can't), both teams bid 3NT and the leads
      404 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      38 6 PS: Feel free to give us details of any concert, exhibition, talk, whatever events you are organising. Write in to BILLBOARD giving details, plus pictures, or call Sakina on *****18. We appreciate the information as early as possible.
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  • SPORTS
    • Article
      At least a double in the bag for Teh today
      432 7  -  Express Car and Setia Kawan likely to pull it through in Gold Vase By BRIAN MILLER TEH CHOON BENG, with 61 winners on the board and the trainers' championship in the bag, has entered a formidable string for this Gold
      432 words
    • Article, Illustration
      Lock icon Swedish reject who became world No 11
      841 7 NYT THE SWEDES, as a rule, keep their tennis resources at home and develop them in their own greenhouse. Then they send them out to bring home the gold and win the Davis Cup, even though it isn't the prize it used to
      NYT  -  841 words
    • Article
      Lock icon More than money at stake at skins golf event
      206 7 Reuter FUZZY ZOELLER, who won a record U*****,000 in hi* "skins" golf gams debut last ysar, says that mors than monsy is at staks this wssksnd in ths 18-hols showdown smong lour of golfs most popular millionaires. "To ms, ths telsvision
      Reuter  -  206 words
    • Article
      Lock icon Jacklin confident of Ryder success
      117 7 AFP TONY JACKUN, the skipper of Europe's memorable Ryder Cup win over the US in England last year, is confident of repeating the success in America next year. Jacklin predicted that the team to defend the trophy might be considerably changed from that which won
      AFP  -  117 words
    • Article
      Lock icon Becker has a lot of poise for a young guy, says McEnroe
      344 7 AFP BORIS BECKER has found an unlikely ally in the shape of former world champion John McEnroe, who has suffered more than once this season at the hands of the teenaged West German star. His latest upset came
      AFP  -  344 words
    • Article
      Lock icon EC event wants Grand Prix status
      123 7 Reuter THE European Community Championship (ECC) tennis tournament wants to join the Grand Prix circuit. Tournament director Pierre Darmon told a news conference that the ECC's organisers had applied to the men's International Professional Tennis Council (MIPTC) to become part of the "new look"
      Reuter  -  123 words
    • Article
      Lock icon Bugner hands Bruno a challenge
      198 7 AFP FORMER heavyweight contender Joe Bugner has challenged Commonwealth champion Frank Bruno to a London fight early next year as a stepping stone to a world title bout, according to promoter Bill Mordey. The Sydney-based Bugner, who now rejoices under the name of "Aussie Joe",
      AFP  -  198 words
    • Article, Illustration
      Lock icon Jury rejects Kookaburra ll's appeal
      167 7 Reuter AN APPEAL against the disqualification of the yacht Kookaburra II in tha Americas'» Cup defender eeriee against Australia Id last week has been rejected. Six days ago, the international racing Jury ruled that at one stage In the final race of the second series.
      Reuter  -  167 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1163 7 to (md mm SATURDAY NIQHT MOVIE 10.30pm, Channel 5 Richard Kennerly's tranquil life is shattered not only when he suffers a stroke but when his life's secret is unveiled. He has two families, with his mistress and son tucked away in a beach house. Upon his death, the battle between
      1,163 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      756 7 (BQCDQSKiIISiGIID CRYPTIC PUZZLE ACROSS 8 Confirm tftere will be a flight (4. 3) 9 No plain? How surprising! (4. 5) 13 Find and take right back to ona (5) 14 Points for identifying the foreign currency (5) 15 Before the man enters slowly (7) 16 Write "kill" (3. 4) 17
      756 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon London stockbrokers see surge in business
      528 8 Reuter DESPITE an embarrassing string of computer breakdowns, dealers in London's stock exchange say they have experienced a major upsurge in business since "Big Bang" when market deregulation took effect. "Our daily turnover in equitiea trading has increased by 90 per cent and that's
      Reuter  -  528 words
    • Article
      Lock icon Mercury International to float investment management arm early next year
      376 8 FT MERCURY International Group, the London investment banking group, is to float off its investment management arm, Mercury Asset Management (MAM), which controls more than £15 billion of funds. -Mr David Scholey, the group's chairman, said the move was being
      FT  -  376 words
    • Article
      Lock icon Britain to allow wider disclosure of inquiry data
      164 8 Reuter THE BRITISH government is bringing new provisions into force to allow wider disclosure of corporate information from investigations to other regulatory bodies, both in Britain and abroad. A Department of Trade and Industry (DTI) official said the new provisions, contained in
      Reuter  -  164 words
    • Article
      Lock icon UK panel resists court review
      130 8 Reuter THE CITY Takeover Panel, fighting a claim that its rulings are reviewable by UK courts, said legal challenges to its decisions could be used to influence the outcome of takeover bids. The domestic news agency Press Association quoted Robert Alexander, representing the takeover panel
      Reuter  -  130 words
    • Article
      Johannesburg
      197 8 MOV 17 NANO Truat 6k Un SM 140 82 uncn unch Woottru 1375 -28 MM A Alpha Abarcom Aaa J6TWAL6 ***** 270 1460 unch unch Angtoa Angvaal •06 8790 *****6 2325 -80 unch 28 Amapw*. AMIC Barlow* C Q Smith 4660 191S 2900 unch unch unch Buffata Chartaf 9800
      197 words
    • Article
      Toronto
      142 8 MOV 27 c t Imp OH CI A. Ineo Ed int Pro* Wpa. EJ Mean Alum 42 H Karr Addlaon 18* Aigoma 80 12 11* Bunk Nova Scotia 16% McMII Bldl 40* Bank Of Montreal 32 H Molaon A 22* +x Bail Canada 36k Moor* Corp 29* Bo Raaoutcaa
      142 words
    • Article
      Lock icon Sweden acts against insider trading
      114 8 Reuter SWEDEN'S Bank Inspection Board proposed tightening rules on insider trading that would extend a ban on stock dealings to apply to the preparatory stages of a takeover. The board said in a statement on Thursday to the government that present legislation, which bans deals
      Reuter  -  114 words
    • Article
      European markets
      671 8 Amsterdam NOV 17 ABN fU moo A»onn 91 00 -0.2 Ahotd 113 60 ■*■1.4 162.10 1.8 Alranta 146.20 0J AMEV 76 JO 14 Amro Bank. AM 8M 96 00 127.10 ■0.7 -0.4 26 JO -0J BOLS 173.00 -02 Boraumi) Buahrman T«tM Calv* 146 rod* 232.50 700 1 uneh
      671 words
    • Article
      Lock icon Goods Durrant share issue
      50 8 Reuter THE UK trading, finance and property group. Goode Durrant and Murray Group PLC plans a major new share issue which is expected to result in Impala Pacific Corp Ltd, a Hongkong investment firm principally owned by Ariadne Auetralia Ltd. gaining control of the group. Reuter
      Reuter  -  50 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      143 8 Wa<er« io wim, *Ha« md «aMla IRK m Baton's Table Sunday Brunch... you 11 lowe H! Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per adult and $15.00 per child (under
      143 words
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      Page 8 Advertisements Column 2
      133 8 it's the NEU FACES... Fresh from their European tour. 1 he Nl IJ I AC I S Veteran and versatile musicians Rock n Roll, lop 1<» New .i\t• e\tellentl\ performed tor grand entertainment Nightk except Sundays At the Alcove Lounge where the beer is cheapest among hotel lounges T.,,1V -n
      133 words
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      Page 8 Advertisements Column 3
      211 8 N«w York market wm doeed on Thursday for Thankaghrlng Day TEOCHFW PORRIDGI BUFFET $5 50 v: A*'l< 'a 'A h arsoS5! rWv pmon) Y ou can enjoy savoury*home<y dßhes such as braised pork 9 steamed stuffed bean curd 9 sambal txrjaf f fried salted fort 9 sauteed chicken with mushroom
      211 words
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      Page 8 Advertisements Column 4
      80 8 TREATS AT Teppanyaki set Lunch at $18.00++ With a choice of beef, chicken or seafood and served with appetizer, rice, soup, pickles and dessert OR 12 different sets of Japanese lunches priced from $10+ to $20+ per set Lunch: 12 Noon-2.30 pm Pinner: 6.30 pm- 10.30 pm ■ps 10 Eu
      80 words
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      Page 8 Advertisements Column 5
      123 8 +/:{"@'&>"*/=>:/+,{)\?_}*)^^:@_ Thunderstorm expected nightly from 8 pm except Sundays. "7* Hold it, don\ reach out for your umbrella. It's Thunderstorm, the band that'll be striking up. Come prepared instead for a downpour of latest hits any day from Bpm except Sundays, LMMgS cr£Hvti I •HUNCZHOTEL 270 Orchard Rood. Singapore 092
      123 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      322 9 HONGKONG: Share prices yesterday closed sharply higher with the Hang Seng Index at another record high, buoyed by a major restructuring by Jardine Matheson, brokers said. The index surged 64.42 points to 2,418.75, surpassing the psychologically important 2,400 mark and erasing the previous closing high of 2,377.71 set on
      322 words
    • Article
      Taipei
      227 9 MOV M AM ttncara Indua... NT 1 1.99 •0.02 Koitn Kuochan Dav Laa Chang Yuan 25.10 ...21.50 29.50 -0.1 •0.3 •0.2 Aala Camant. 27.40 unch Lian Hwa Indua 22 40 Cathay Cons 33.60 0.1 Nan Ya Ptaa 34 60 0 1 Chang Hwa Bank... 40.00 ...28.60 -ai -0.1 Pacific
      227 words
    • Article
      Tokyo
      452 9 TOKYO: The stock market average yesterday surpassed the 18,000 level for the first time in two months on expectations of a year-end rally and optimism over Wall Street's gains to near record levels on Wednesday. The index climbed 199.36 to close at 18,063.02, its first close above 18,000 since
      452 words
    • Article
      Manila
      67 9 NOV Acot« Mining Anglo Phil PMM MinlHl Oriental B. Phil Ovtrwu Philox B Ptcop B 0.029 —10.03 0.37 unch unch 0.01 Apex Mining B AHaa Con. B 23 (inch -1 PLOT. —.300 12.6 San Mlguai B 86 50 0.9 Buic PKroimin.. Banguat Con. B... 0.0M6 90 unch unch Saafronl
      67 words
    • Article
      Sydney
      394 9 SYDNEY: Australian share markets yesterday closed higher, pushed up for the fourth successive day by underlying demand for industrial stocks, brokers said. They said some sectors were buoyed by overseas orders in early trading and fell back slightly in later dealings. At the close the All Ordinaries Index had
      394 words
    • Article
      Seoul
      118 9 MOV M WOM Ml If InH \nO Kla Motor 1275 1020 1736 23 10 40 iNNMi A 46 24 190 •10 *70 10 20 unch unch -10 Koton Ind 1991 11 0—woo Corp DMWOO HMW IMMki SacuriHaa... Iltl 1410 .3400 tn Koraa Long Tartu. Lucky Lid Ortantoi B' vwary...
      118 words
    • Article
      Lock icon Bangkok
      154 9 Reuter BANGKOK: The Stock Exchange of Thailand Index was up by 1.13 to 186.46. Turnover totalled 749,944 shares worth 139.5 million baht. NOV m IAMT *b Siam Caman. 700 unch Siam CMzana auap Aaia Flbra Ayudhya ln»aa«maii Bangkok Agro-lnd Bangkok Bank ...237 1. 206 .46 290 4 2 1
      Reuter  -  154 words
    • Article
      Lock icon New chief for HongkongBank
      49 9 AFP THE HONGKONG and Shanghai Bank has appointed William Purves as its new chairman starting on December 11. Mr Purves, 54, the bank's current deputy chairman, is to take over as the chief of HK's quasicentral bank on the retirement of Sir Michael Sandberg. AFP
      AFP  -  49 words
    • Article
      Lock icon Wah Kwong details capital restructuring
      583 9 Reuter CREDITORS to Wah Kwong Shipping and Investment Co (Hongkong) Ltd will take a 49 per cent stake in the company under the terms of a debt restructuring and capital reconstruction scheme while the minority shareholders will be left with 2 per cent, according to
      Reuter  -  583 words
    • Article
      Lock icon Nomura, Robeco to set up new fund
      163 9 Reuter DUTCH investment fund Robeco NV is setting up a new fund on Dec 11 with Japanese security firm Nomura Securities Co Ltd. The new fund is aimed specifically at Japanese investors and will be called Interstock Fund Nomura Robeco, a Robeco spokesman
      Reuter  -  163 words
    • Article
      Lock icon Mitsubishi Trust plans HK$200m CDs
      99 9 Reuter MITSUBISHI Trust and Banking Corp's Hongkong branch is planning a HKS2OO million certificate of deposit issus, banking sources said. The issue has a 6.45 per cent coupon rate with quarterly interest payments. Fees for co-managers total 10 basis points. Payment date is December 31,
      Reuter  -  99 words
    • Article
      Lock icon Changes aimed at improving balance sheet, says Jardine
      104 9 Reuter JARDINE Matheson chairman Si- mon Keswick said a group restructure announced earlier will give, the company improved stability and a stronger balance sheet. Asked if the transaction would enable the company to make newacquisitions, he said: "If a suitableacquisition (came along)
      Reuter  -  104 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      816 9 Start ofA New E^erienoe Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood, Gado Gado. Sate (Satay). spicy Rendangs, Ayam Goreng. Chendol and more! Tickling your palate with an authentic Indonesian cuisine4s only half the experience. The other half is just being there. rN u LEVEL 3 ApoMo Opening
      816 words
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  • SHARE INFORMATION
    • Article, Illustration
      Stock prices lose further ground amid uncertainty
      3960 10 UNCERTAINTY over the market's direction pulled Singapore share prices lower in thin volume yesterday. The Straits Times Industrial Index, a near five-point loser at noon, lost 6.31 points to 866.89. The BT Composite Index gave up 6.88 points to 758.96, after falling 5.22
      3,960 words
    • Article
      Chief price changes
      210 10 SINGAPORE RiSM Indie** NOT 27 Not 20 ■uyBM ISO +21 r Cmnh 7*544 750.9* DfanM 42* +1* «TI»«hi.i 23X1401 *****031 SPN 010 IS W Ot/OS .2*4 .233 hill* H—r 277 +12 STCAOI 4033 -40*4 SMIKC 60 S OTOOV +***** +0072* CwtaliOf 264 +3 STMoMab «75J0 IMJt M
      210 words
    • Article
      Business done on the SES
      2817 10 BID and offer prices officially listed end business In end reported to the Stock Exchenge 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 ere quoted sfter the word "SETT".
      2,817 words
    • Article
      COMPANY MEETINGS
      297 10 QULA PERAK Bertied: 17th AQM st No.52 Jslsn Ampsng, ***** Kusls Lumpur todsy st 9sm. The EQM is to be followed immedistsly sftsr the AQM.. BRITISH AND MALAYAN TRUSTEES Limits* AQM st the Board Room, 17, Philip Street #08-00, Qrand Building, Singapore 0104 on Dec 3 at 12.30pm.
      297 words
  • Page 10 Advertisements
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      Bukit Sembawang records $4m in post-tax profit
      298 11 BUKIT SEMBAWANG Estates Ltd is one of the very first property development companies to enjoy the benefits of a current pick-up in the residential property market. The company is the developer of Seletar Hills, one of the biggest private housing estates in Singapore.
      298 words
    • Article
      Petition against Pahang Inv dropped
      289 11 A SHAREHOLDER has dropped a winding-up petition against Pahang Investments Public Ltd Co, a tin-mining group with a chequered history. The shareholder, Mr Peer Mohamed bin Abdul Aleez, had filed the action in a Kuala Lumpur court in March, alleging that the company's affairs were
      289 words
    • Article
      Lion plans to expand Yuyi chain
      174 11 THE LION group of companies is to expand its new supermarket and retailing business nationwide, according to an advertisement which Lion placed in a Malaysian newspaper yesterday to recruit supermarket management staff. Lion Corp director Dr Lee Chee Kuon told Yuyi Supermarket's creditors on
      174 words
    • Article, Illustration
      Lock icon Court was misled, says Emtex counsel
      687 11 Boardroom tussle continues MBT PERMODALAN MBf Sdn Bhd has misled the court into granting the company an injunction restraining five suspended directors of Emtex Corporation from performing their duties in Emtex, the Kuala Lumpur High Court was told. Emtex's counsel, Mr Wong Weng Kwai,
      MBT  -  687 words
    • Article
      Business done on the KLSE
      1876 11 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Acmo (186$) AJtaomoto I—) (20 292 Alcorn (78.58) (6)
      1,876 words
    • Article
      LONDON STOCKS
      897 11 SHARE prices yesterday opened mixed in thin, trendless trading in the absence of a lead from Wall Street, which was closed on Thursday for the Thanksgiving holiday. At I.oopm, the FT 30 Index was up four points at 1,290.0 while the FTSE 100 Index rose 2.9 points to
      897 words
    • Article
      Selected indices
      104 11 HONGKONG All Industrials 2191J ***** Hongkong Index Friday Thursday Friday 1538.81 W«#k ogo ***** Thursday 1497.85 Week ago 1442.47 NEW YORK Hang Seng index Dow Jones Friday 2418.75* Thursday Closed Thursday 2354.33 Wwinssdoy 1916.76 Wnk O0O *****8 WMk ogo 1860.66 TOKYO Standard Poors Thursday Closed Nikkei Average Wednesday
      104 words
    • Article
      Bargain hunters push some KL stocks higher
      399 11 TRADING activity remained subdued on the Kuala Lumpur stock market yesterday with investors staying on the sidelines but bargain hunting, which was evident in the afternoon session, helped selected counters to close firmer. Dealers said the lack of interest among investors had caused
      399 words
    • Article
      Unit trusts
      226 11 Managers' prices for Nov 29 Ok 1 Singapore Unit Trust The Comuro 0 88 Th* Savings Fund 080 S'pora Prog 0 34 S'pora $k Fund 058 S'pora ktvast Fund 0 67 S'pora Equity Fund 043 Asia Unit Trust MW Invott Fund 121 Mol Prog Fund 036 Mot Saeurity
      226 words
    • Article
      COMPANY BRIEFS
      162 11 HONQKOMQ LAND saya its 1966 profit* will be improved by approximately HK$l4O million of which soma HKSSO million will ba r«currant following the upholding by the Privy Council of the ruling of the Court of Appeal in Hongkong in favour of the Queen'a Gardens litigation. The company said
      162 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      133 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Hapag-Lloyd International Pte. Ltd., hereby give notice that we have applied to the Registrar of Singapore Ships, under Section 417 of The Merchant Shipping Act (Chapter 172, 1970 Edition), In respect of the ship "Isar Express" official number *****1 of gross
      133 words
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      Page 11 Advertisements Column 2
      193 11 THE COMPANIES ACT, CAP. 1U AND I fV M I lli^B RAYFORD PTE LTD (la Member's Vaiutery NOTICE OP PINAL MEETING NOTICE IS HEREBY GIVEN That pursuant to Section 308 of the Companies Act, Cap. 185 the Final Meeting of the Members of the abovenamed Company will be held at
      193 words
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      Page 11 Advertisements Column 3
      216 11 Chan Llni ftocurttto (W») Chen Urn NaUwssa (M») LM. Chan Urn HaWnn (P*») Ltd. (incorporated in tha Republic of Stngapota) (In Voluntary Liquidation) NODCC OP FINAL MEfTMO NOTICE IS HEREBY GIVEN that pursuant to Section 300 of tha Compentes Act Cap. 185 tha Final Meeting of members of tha above
      216 words
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      Page 11 Advertisements Column 4
      162 11 la the Matter tt THE COMPANIES ACT (CHAPTER US) AND la the Matter ml G.P. LEE PTE LTD (la Mcakm' Vataatary I IfMmttnm) Tlj > J J uMH I> Kin NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 185, the final meeting of the
      162 words
    • Advertisement
      Page 11 Advertisements Column 5
      250 11 NOTICES 1 H Ad, Cm*. IK LUCKY SEVEN PRIVATE LIMITED At an Extraordinary General Meeting of the above named Company duly convened and held at 1 Colombo Court #04-15 Singapore 0017, on Saturday, the 29th day of November 1966 at 2 p.m. the following Special Resolu- R Hons were passed:
      250 words
    • Advertisement
      Page 11 Advertisements Column 6
      225 11 Act, Cap. 1M WATA ■urrna (PHVAR) LIMITED At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 173 Albert Street Singapore 0718 on Friday, the 28th day of November 1986, the following Special Resolutions were passed: 1) RESOLVED that the Company be wound up voluntarily pursuant
      225 words
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  • Article, Illustration
    Three-pronged drive to sell S'pore as distribution base
    458 12  -  Part of plan to develop into a global cargo city By BOEY KIT YIN AN AGGRESSIVE promotion programme has boon mapped out by tha Trade Development Board (TDB) to eall Singapore as an international distribution and warehousing centre. Supported by an existing
    458 words
  • Article
    Canada sets aside C$1.7m for projects of benefit to Asean
    150 12 CANADA HAS set aside a budget of at least Csl.7 million for projects benefiting Asean. The biggest share of C 5750,000 will go towards creating a fund for human resources development in Asean, according to a joint preea statement released
    150 words
  • Article, Illustration
    Lock icon Chiew in Brunei to face charges
    75 12 A QRIM Chiew Sung Chlng, 43, arriving In Brunei on Thursday night Chiew, the eecond Singaporean to be extradited to Brunei, la expected to be formally charged In a Brunei court today for hie role In the National Bank of Brunal fiasco. Chiew, said
    Picture by AZIZ HUSSEIN  -  75 words
  • Article
    Lock icon Mahathir's remarks do not amount to contempt, court rules
    278 12 AFP MALAYSIA'* High Court yesterday rejected an Opposition move to launch contempt proceedings against Prime Ministsr Datuk Seri Dr Mahathir Mohamad for hia remarks in a magazine interview about the country's judiciary. In dismissing Opposition leader Lim Kit Siang's request tor
    AFP  -  278 words
  • Article
    KL's new loan rules fece resistance
    140 12 MALAYSIA'S National Joint Council (Staff Side) for Statutory Bodies and the Malaysian Trades Union Congress have opposed the Treasury's Thursday announcement on new conditions for housing loans for civil servants. NJC for Statutory Bodies chairman Samsuddin Abdul Wahab expressed regret over the conditions because
    140 words
  • Article
    Lock icon Seoul celebrates record export performance
    147 12 AP SOUTH KOREA celebrated a record export performance on its 23rd annual Export Day yesterday amidst expectations that 1986 would mark the country's first year of trade surplus. President Chun Doo-Hwan congratulated the industrial workers, entrepreneurs and other Koreans who had contributed to the export
    AP  -  147 words
  • Article
    Stocks fall back after a good start
    498 12 INVESTOR sentiment, which was high on Tuesday following a dramatic 20-point market rally, ended the week on a subdued and deflated note, as share prices drifted aimlessly. Most Central Provident Fund-related trustee stocks posted fairly hefty gains on Monday and Tuesday, helped by
    498 words
  • Article
    Lock icon Britain wants equal access to Tokyo financial market
    353 12 Reuter, UPI BRITISH Trade and Industry Minister Paul Channon said in Tokyo yesterday that Britain waa ready to take legal action against Japaneee financial firms in London unlees Japan allowed British financial institutions equal access to the lucrative Tokyo market. "We need
    Reuter,; UPI  -  353 words
  • Article
    Various professions invited to sit on legal inquiry panel
    351 12  -  By AMY BALAN ARCHITECTS, accountants, bankers. engineers, doctors and other top exectuives of the private sector have been co-opted as lay members of the Inquiry Panel which will look into complaints against members of the legal profession. Members of the Inquiry
    351 words
  • Article
    Lock icon Jeyaretnam pays up $5,000 fine
    292 12 AFP OPPOSITION politician Benjamin Jeyaretnam. serving a month s jail term for filing a false declaration on his Workers" Party finances. has paid up a fine he had earlier disputed, his lawyers said yesterday. The fine cost Mr Jeyaretnam the parliamentary seat he won in
    AFP  -  292 words
  • Article
    Lock icon Aquino sacks two more ministers
    91 12 Reuter PRESIDENT Corazon Aquino has dismissed two Cabinet ministers and more changes may follow. She said yesterday she had accepted the resignation of Natural Resources Minister Ernesto Maceda, and Public Works and Highways Minister Rogaciano Mercado. The two men are embroiled in a controversy involving
    Reuter  -  91 words
  • Article
    Comex gold and silver
    95 12 COMEX gold futures rallied early yesterday, boosted by an easier US dollar and heightened concern over the US Iranian arms scandal. Light volume facilitated the rise. Gold for December delivery opened US$6.9O stronger at $390.00 an ounce and fluctuated between $391.50 and $388.80 during the first
    95 words
  • Article
    Lock icon Dow Jones lower
    71 12 Reuter NEW YORK share prices eased in moderate trading yesterday, but stocks that have been either rumoured to be takeover candidates or those that have received actual offers continued to climb. The Dow Jones Industrial Average fell five points to 1,912. Declines led advances six-five on a
    Reuter  -  71 words
  • LATE FILE
    • Article
      Lock icon Japan's railways to be privatised
      41 12 Reuter JAPANESE parliament has approved the privatisation of deficit-ridden Japan National Railways, government officials said yesterday. The first major task for the privatisation committee will be to relocate 62,000 of the 277,000 workers into other jobs.
      Reuter  -  41 words
    • Article
      Lock icon Australia to lower barriers
      47 12 Reuter AUSTRALIA'S high protection levels for the textile, clothing and footwear industries are due to be phased down over seven years from March 1080, accompanied by a AS2OO million assistance and adjustment package, industry, technology and commerce minister John Button said yesterday. Reuter
      Reuter  -  47 words
    • Article
      Lock icon EC warns Thailand
      40 12 AFP THE EUROPEAN Economic Community has warned Thailand that tha allowed limits of radioactivity it haa aat for dairy products are so restrictive compared to European standards that they could seriously hinder trade with Western Europe. AFP
      AFP  -  40 words
    • Article
      Lock icon Prem assures tourists of safety
      56 12 Reuter PRIME MINISTER Prem Tinsulanonda said yesterdsy Thailand would aaaure full security for the rising numbers of tourists it hopes to attract in the coming year. He said the country's image as a tourist spot could not sfford blemishes such as the gang robbery of
      Reuter  -  56 words
    • Article
      Lock icon Usno accepts Umno's entry
      49 12 Bernama THE USNO extraordinary general meeting in Kota Kinabalu yestsrday agreed in principle to accept Umno's entry into Sabah by way of Usno's affiliation or merger with the Peninsuls-bssed party. About 30 of the party's 48 divisions reached this agreement subject to certain conditions. Bernama
      Bernama  -  49 words
    • Article
      Lock icon US, UK may re-join Unesco
      60 12 Bernama THE UNITED STATES and Britain which pulled out of the Unesco are likely to rejoin the work! body,a Uneeco executive board member said yeaterday. Mr Swaran Singh aakJ there was a possibility of the two countries rejoining the grouping following continued pressure for this
      Bernama  -  60 words
    • Article
      Lock icon Information system for China
      37 12 AFP CHINA HAS set up the main system of a national economic information network that will eventually link all provinces, regions, cities and counties by computer, an official said in Beijing yesterday. AFP
      AFP  -  37 words
    • Article
      Lock icon Seoul proposes talks on dams
      60 12 AFP South Korea yesterday proposed ministerial-level talks with Pyongyang at the truce village of Panmunjom to resolve differences over the use of a common river on which North Korea is building a controversial dam.But in a report monitored in Tokyo, North Korea demanded an apology
      AFP  -  60 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      59 12 ?`!*|^/&|_:}^\>(@"?<?;^=*^-[[`" I 1 I f ih* w s i, BULL A- 4 -"*n~T „sf* Bull speed ahead: Hie stodonaifcet charges oa Executive gifts: Chargeable and otherwise A changing picture: The video trade shapes up House-hunters are going for landed properties My Fair Gentleman: Career men have to cope, too Can
      59 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      27 12 Cloudy wWi thoworw ovor many aroas from lata naport lor 24 hours prior to 7.30pm on Nov 28 at too airport: Maximum tomporaturo 90.0 Aaaodatod humidity 75
      27 words