The Business Times, 7 February 1987
1987-02-07
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The Business Times
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Title Section12 1987-02-07 1 BUSINESS TIMES M.C. (P) No. 112/12/86 SATURDAY, FEBRUARY 7, 1987 75 CENTS12 words
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Article, Illustration245 1987-02-07 1 STOCK MARKET INTERMITTENT BOUTS of prof-it-taking ahead of the weekend caused the Singapore stock market to weaken slightly across the board yesterday. The Straits Times Industrial Index closed 5.28 points lower at 965.98 while the all-sector BT Composite Index closed 3.47 points down at 861.13. Losers led245 words
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Article, Illustration414 1987-02-07 1 LISA LEE - By LISA LEE SINGAPORE National Printers' (SNP) smallish offer of shares to the public has been oversubscribed by a massive 118.7 times, attracting about $534.5 million in application monies. There were 47,571 applicants, including many institutions, eager to be shareholders of the first company to414 words
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483 1987-02-07 1 CHUANG PECK MING - Most employers maintaining intake this year By CHUANG PECK MING THE WORST appears to be over for university graduates looking for their first job. Many employers who recruit new graduates yearly say they are not lowering their intake this year;483 words
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136 1987-02-07 1 THE DOLLAR surged ahead yesterday on foreign exchange markets, propelled by positive reassessments of the US economy, and prices on major European stock exchanges surged with London setting new highs for key share indices. The dollar rose by nearly three pfennigs from Thursday's close to136 words
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341 1987-02-07 1 ELAINE KOH - By ELAINE KOH LAWYERS for the former National Bank of Brunei Bhd (NBBB) chairman Khoo Ban Hock are expected to make a fresh bid to get the banker out of jail today. Law firm Donaldson and Burkinshaw, which is now representing341 words
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Article63 1987-02-07 1 THE WRONG MAN might have been given credit for designing San Francisco's Golden Gate bridge. The author of a new book. Gate, says the design presented by Joseph Strauss, the man acknowledged as the builder of the bridge, could never have been built63 words
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129 1987-02-07 1 NEWSPAPER MAGNATE Sally Aw Sian has joined a number of publishing houses in the bid for a piece of Herald and Weekly Times. It is speculated that she might be interested in the group's electronics interest, which includes two television stations in129 words
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Page 1 Advertisements
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Advertisement228 1987-02-07 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM INSIDE OUR VIEW ROBBINS L MITCHELL Jr of Tennessee, charged wHh trespassing, claims that he is the true heir to the British throne and so cannot be tried by any body but the House of Lords. His case may sound peculiar, but it is228 words
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Advertisement0 1987-02-07 1 ;=-"`>==.\|!]=;;`~&&]~~/*}($(!\0 words
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Advertisement243 1987-02-07 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM I i Thaipusam a photographer comas i to face with pain and paace Page 9 hFiiri TrivCi North Bridge Road urv-revisited Page Oevid Ng rediscovering a jazz genius Page 10 TV programmes for today and tomorrow Page 10 flats ts Watc* Ibsen, Norma Rae243 words
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HOME NEWS
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564 1987-02-07 2 LOH HUI YIN - By LOH HUI YIN THE HEALTH MINISTRY will begin compulsory licensing of western medicines to ensure that only safe and efficacious drugs are sold in Singapore. The registration scheme involves licences being issued to products as well as to manufacturers, importers and wholesalers. The564 words
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Article, Illustration325 1987-02-07 2 SINGAPORE imported medicinal products worth $215 million in 1965. Exports amounted to 1272 million, of which locallymade drugs accounted for $200 million. This, said the Acting Minister for Health and Minister of State (Foreign Affairs) illustrated the importance of the pharmaceutical industry in Singapore. However,325 words
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Article435 1987-02-07 2 SINGAPORE AIRLINES is expecting a 7 per cent increase in capacity in its financial year 1987/88. This was disclosed by SlA's managing director Dr Cheong Choong Kong when he talked about the 1987/88 budget operating plan (starting April 1 1987) at the 25th SIA435 words
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Article, Illustration347 1987-02-07 2 LIM SOON NEO - By LIM SOON NEO SINGAPORE AIRPORT Terminal Services (SATS) improved its performance in the six months ended September 1986, chalking up an operating surplus of $29.9 million. For the wholly-owned subsidiary of Singapore Airlines, this 34 per cent rise in operating surplus came347 words
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411 1987-02-07 2 GOH YEE LING - By GOH YEE LING THE MINISTRY of Health has started looking to the private sector for its supplies of drugs. Trial tenders have been called, raising hopes in the industry that all requirements will in future be sou reed from the411 words
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217 1987-02-07 2 BUSINESSMEN from small- and medium-sized companies in Germany were in Singapore over the past two days to explore avenues of investment and joint ventures. The businessmen, from 22 companies in the German state of North Rhine-Westphalia, are accompanying the state's Minister of Economics and Technology,217 words
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228 1987-02-07 2 A BIGGER THAN EXPECTED loss on the sale of Housing and Development Board flats has resulted in the board ending the 1986/87 fiscal year with a net income of less than half the budgeted amount. HDB suffered a gross loss of228 words
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Article329 1987-02-07 2 THE SAF Reservist Association is to become more of a family club. It will open its doors to wives of reservists. The extension of membership to wives was decided yesterday at Safra's annual board of governors meeting chaired by Dr Yeo Ning Hong, the329 words
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191 1987-02-07 2 THE REAL Estate Developers Association of Singapore (REDAS) is optimistic about 1967, says its newly elected president. Kwee Liong Kong. At the association's Lunar New Year reception yesterday, Mr Kwee, who is a director of Pontiac Land Pte Ltd, cited last year's 1.9 per cent191 words
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Article1033 1987-02-07 2 AT CONVENTIONAL WHARVES MARINA WHARVES h Arrival Departure Horopan Baru M2A alongside 07.02/0600 Vaaaal Bart Harapon Samudra M1B alongside 07.02/0600 KEPPEL WHARVES Anak Rantau M2A 07.02/0800 07.02/1500 Als Reliance K15 alongside 08.02/1200 Bhaito V M1B 07.02/1000 07.02/1300 Gazonia K34 alongside 12.02/1500 Indah Kencana M2B 07.02/0815 07.02/2300 Kris1,033 words
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OVERASEAS
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462 1987-02-07 3 Reuter US TREASURY SECRETARY James Baker and Federal Reserve Board chairman Paul Volcker agree on the dollar despite the impression that they disagree, says a Reagan Administration official. The comments, made yesterday, appeared to contradict recent reports that Mr Baker deliberately wantsReuter - 462 words
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384 1987-02-07 3 Canadian falls on governor's comments Reuter CANADIAN central bank governor John Crow has knocked support from under the Canadian dollar with comments that the currency has reached a reasonable level. Traders in Ottawa said yesterday that the Canadian dollar, which rose to a two-year high of 75.5 US cents, onReuter - 384 words
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Article767 1987-02-07 3 ARRIVALS Operator Sorvic* Local From number tlmo MAS MH601 0005 KUL OA OA471 0015 ATM UA UA805 0100 SFO/HKG SiA SQ11 0125 LAX/NRT CAL CI333 0405 TPE SIA SQ41 0615 MAA sv SV398 0710 JED/RUH MAS MH681 0820 KUL CV CV796 0845 LUX/DXB KAL KE624 0650 KUL767 words
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294 1987-02-07 3 Reuter SOUTH PACIFIC island nations expressed anger and concern yesterday over the United States' refusal to sign protocols of a treaty declaring the region a nuclear free zone. Fijian Prime Minister Ratu Sir Kamisese Mara, who is also chairman of the 13-memberReuter - 294 words
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Article123 1987-02-07 3 AP MALAYSIA will fight any legal action brought by British or other brokers claiming losses due to the tin crisis, said the Primary Industries Minister. Datuk Lim Keng Yaik was commenting yesterday on reports from London that a group of nine metal brokersAP - 123 words
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Article152 1987-02-07 3 UPI VICE-PRESIDENT Jaime Rosenthal of Honduras has said the US is committing an error by backing Nicaraguan rebels from inside Honduras, because "they cannot succeed". "The Nicaraguans should have stayed fighting inside Nicaragua, with material backing from those who believe in freedom, but from within andUPI - 152 words
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149 1987-02-07 3 AFP ISRAELI Prime Minister Yitzhak Shamir yesterday ruled out the idea of a conflict in the near future between Israel and Syria. He said in Jerusalem that "Syria remains the main source of danger threatening Israel, but the Damascus authorities have to cope with a difficultAFP - 149 words
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450 1987-02-07 3 Reuter PRESIDENT PW BOTHA'S attack on a leading South African banker, alleging he funded an advertisement supporting an outlawed guerilla group, is a ploy in advance of the May 6, general election for white voters, political analysts said. A bomb exploded onReuter - 450 words
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593 1987-02-07 3 Americans 'in the economic fight of their lives' AFP A SWEEPING trade bill aimed at helping the United States compete with Japan was introduced in Congress on Thursday, with Finance Committee chairman Senator Lloyd Bentsen warning that Americans were "in the economic fight"AFP - 593 words
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338 1987-02-07 3 AP A WIDESPREAD BELIEF of foreign consumers that US products are inferior is the most common barrier to trade, not quotas, tariffs or subsidies, according to a US business group. The American Business Conference said on Thursday that a survey of itsAP - 338 words
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224 1987-02-07 3 AP A NEW ATTEMPT by US textile interests to restrict imports was predicted on Thursday by Hamish MacLeod, Hongkong's Director of Trade. But he reported a more positive attitude towards imports among members of US Congress this year. "I think probably there'sAP - 224 words
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Page 3 Advertisements
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Advertisement46 1987-02-07 3 T"™X /II T The business person's choice. 1 /1 every Tuesday, Saturday and I I 1 Sunday. Leaving Changi Airport at I V Jj. 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canada at *****55. Effective thru 30 April 198746 words
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Advertisement141 1987-02-07 3 > m 1 JS r. The Management Staff of Dragon City Sichuan Restaurant Pte. Ltd. wish one and all GONG XI FA CAI A New Year means new beginnings, new resolutions and wishes. To make your Year of the Rabbit truly auspicious, our Yu Sheng is being specially prepared to141 words
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Page 3 Miscellaneous
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Miscellaneous65 1987-02-07 3 Doonesbury m fr V W i m TENSE? YOU PONT KNOV ABOUT OVER MX, HE- SAIPON TV THATGOP, MOM* THKEATBJEP TOKJLLMMF HEPOE6NTMSEHSMU: UONBf MARCH! P5 m Y ft i' n V/iil» SK THE MONEYS GONG FOR A GOOP BUTtTS&MSUKESUCHANABUSE OF POWER FROM GOP. THERE HASTDBEABerrmMYFORHIM wo*"**- TMIAKt MONET' BY GARRY65 words
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WORLD BACKGROUND
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938 1987-02-07 4 People are living longer. That's not necessarily good. The West is worried that an older population may be detrimental to its economy and defence. It is urging older workers to retire; but ironically, it is also faced with a plunging birth rate. Back eastAP - 938 words
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517 1987-02-07 4 AP MOST MAJOR industrialised countries are urging older workers to retire, hoping to make more jobs available to younger people, says a recent survey. But the Japanese and Soviet governments are striving to keep older people in the work force. AndAP - 517 words
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Article, Illustration511 1987-02-07 4 Reuter YOUNG JAPANESE investment bankers, fashion designers and a 23-year-old sumo wrestler who owns a personal computer may seem on the surface to have little in common. But to older Japanese who see the under-30 set as an enigma, they are all shinjinrui a newReuter - 511 words
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RAW MATERIALS
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Article111 1987-02-07 4 OIL PRODUCTS TRADING was thin on the Asian petroleum market yesterday as most traders remained sidelined in an uncertain market. Fuel oil was still weak after Thursday's fall, naphtha rallied slightly on buying interest from traders for March barrels. Gasoil firmed on fresh business and regional demand while LSWR was111 words
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Article183 1987-02-07 4 MALAYSIAN crude palm oil prices recovered from the day's lows at yesterday's close on short-covering and some speculative buying interest, after falling earlier in line with palm oil futures and Chicago soyoil futures. Market talk that India might have bought RBD palm olein at its weekly vegetable oil183 words
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Article135 1987-02-07 4 Chinese Produce Exchange Seders' noon doling prices on Fob 6 (SJ/100 kg). Coconut oil Bulk FOB 86.00 Old drum FOB 96.00 Now drum FOB 100.00 Robvsta 20/25% FOB NSW Nutmeg 110 FOB NSW BWP FOB NSW Gambler FOB NSW 405.00 1438.00 1322.00 330.00 Copra Mixed (loo*e) Pepper Muirtofc135 words
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Article308 1987-02-07 4 RAS prices in S cwMh, FOB in balw B NOON CLOSE Buyers Sellen Buy*rs Sellen Int 1 RSS Prompt 195-50 196.50N 196 JO 197 JON tnt 1 RSS Mor 87 195.00 196.00 196.00 197.00 Int 1 RSS April 194.00 ***** 194 JO 195 JO Int 2 RSS308 words
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Article82 1987-02-07 4 (canfs/kg, 1-ton poHrti) MAR 87 APR 87 (currant month) (forward month) NOON NOON RAS Ivytn S*M*rt kr«n SSR 30 181.00 183.00N 183.00 184.00N SSR 50 ***** 181.00N 180.00 183.00N MRELB k/y»rj S*ll«r, ■vywrt S*M*rt SMR CV 386.50 388.50N 387.50 289.SON SMR L 286.00 288 00N 387.00 389.00N82 words
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Article337 1987-02-07 4 SINGAPORE The market closed slightly higher yesterdsy with March One RSS buyers quoted at 196.00 cents a Kg, up one cent from Thursday. Ths morning session gained one cent on light buying interest in quiet trsding. Prices hovsred narrowly in thin afternoon trading due to lack of interest snd337 words
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Article159 1987-02-07 4 THE PRICE of Hn on the Kuala Lumpur Tin Market fell eight cents yeeterdey to doaa at MH7.03 a kg on lack of support, after falling four cants on Thursday. The downtrend waa accentuated by further Imyy celling at around Thursday's closing price, with an159 words
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Article159 1987-02-07 4 SOYBEAN FUTURES on the Chicago Board of Trade extended mid-session losses and closed lower on Thursday. falling fivs cents to three US cents with spot Msrch st U554.93 s bushel. New crop November closed on a contract low at U554.79 a bushel. Stesdy country movement, the stronger US dollar159 words
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Article143 1987-02-07 4 WHEAT FUTURES on the Chicago Board of Trade closed lower on Thursday but slightly above session lows, falling three cents to US cent with spot Msrch at U552.8614 a bushel. Rumours that hard red winter wheat was being railed into Chicago, which would relieve tight supplies available for delivery143 words
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Article65 1987-02-07 4 Bangkok Broken Rke A-1 Supt< 128 (USS/toMM, FOB) A-1 Special 125 White Rice C-1 Sp#ck>l unq 100% doss 25S C-l Ord unq 100% 2nd ckm 220 Loonzain Rice 100% 3rd don 215 100% 1ft grade unq 5% 205 100% 2nd grod* 215 100% 3rd grod* «mq 10% 200 15%65 words
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Article828 1987-02-07 4 COFFEE Robusta futures lacked follow-through during quiet afternoon trading on Thursday, and turned lower in line with New York, to close £11 to £3 down. Physicals remain quiet, although premiums for quality mi Ids and robustas were being maintained, with some interest in March Ivory Coaat Twos seen.828 words
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BANKING AND FINANCE
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111 1987-02-07 5 AFP SUPPORTERS of President Corazon Aquino yesterday picketed the Citibank office in Manila to protest against its alleged resistance to soften rescheduling terms for Philippine commercial debts. Led by Aurelio German, manager of the Manila International Airport, the estimated 100 pickets said they will demonstrateAFP - 111 words
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465 1987-02-07 5 Reuter AT LEAST five UK government bond dealers have told the Bank of England that they want to open discount house subsidiaries which would allow them greater scope to operate in sterling money markets, market sources said. The moves by the primary dealers counterReuter - 465 words
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576 1987-02-07 5 NYT GREATER-THAN-EXPECTED demand from speculators and solid buying by foreign investors at the US Treasury's 30-year bond auction on Thursday caused prices of outstanding issues to rise sharply. At the conclusion of this week's three-part US$29 billion offering of Treasury notes and bonds, interestNYT - 576 words
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286 1987-02-07 5 INDIA'S national airline, Air-India, yesterday signed its US$BO million loan agreement with a group of locally-based Japanese banks marking its second appearance on the Singapore capital market within one year. The proceeds from the loan will be used to finance partially the purchase of six286 words
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MONEY AND EXCHANGES
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Article645 1987-02-07 5 SINGAPORE: The US dollar closed sharply higher yesterday, especially against major European currencies in moderately active late trading. The dollar rallied in the afternoon on short-covering prompted by reports that the Reagan Administration agreed with Federal Reserve chairman Paul Volcker that a further fall in the greenback would645 words
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Article226 1987-02-07 5 Interbank rates at 3pm yesterday: CurrtiielM Nominal isIm inHmnim ■M (Mar woaopaH* Local dollars to < mm unit of foreign currency: US doNar 2.1540 2.1560 2.8196 -23.61 SttHing pound 3.2546 3.2598 7.3469 •5X70 Australian dollar 1.4377 1.4412 3.4286 -58.07 NZ dolor 1.1760 1.1104 X4286--65.70 Lonoaian aoiior ***** 1.6125226 words
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Article53 1987-02-07 5 RESULTS Of TENDER held yesterday for 91-day bills to be issued on Feb 9 and from Feb 11 to Feb 13: Offered: $150,000,000 Applied for: $665,420,000 Allotted: $150,000,000 Accaplsd bids: $99.52 and approximately 99 per cent higher bids in full. Average rata of dlacount on allotment 1.875 per53 words
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Article, Illustration136 1987-02-07 5 THE OVERNIGHT rate on the Singapore interbank market closed at 3-1/4 per cent yesterday, up 1/4 point from Thursday's close. The one-month term rate ended 1/8 lower while the two and three-month rates fell by 1/16 each. Jan Fri nvQlCfwl Hit IVVII9V Of Vl# prima lending rslN of136 words
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Article247 1987-02-07 5 Asian market ASIAN DOLLAR deposit rates closed steady at slightly lower opening levels in quiet afternoon trading yesterday. Term rates eased 1/16 point at the outset, reflecting good response to Thursday's US Treasury auction of U559.25 billion of 30-year bonds but remained unchanged subsequently. One and six months closed at247 words
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Article271 1987-02-07 5 HONGKONG: The metal closed lower in fairly active trading yesterday mainly on selling by local physical traders. The strength of the US dollar dampened interest in gold, which ended near the day's low. Bullion ended at U*****.20/70 an ounce against New York's U*****70/405.20 close and the U*****.30/80 finish271 words
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Article596 1987-02-07 5 EURODOLLAR futures opened with small gains yesterday, helped by the strengthening of the US dollar and the strong demand for US Traasury bonds. However, in apite of the strong gains in the bonda. Eurodollar futures remained cautious ahead of January'a US unemployment indication laat night. The March contract opened596 words
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Page 5 Advertisements
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Advertisement628 1987-02-07 5 (SllM3©flC3©Ul MALAYAN CEMENT BERHAD (Incorporated In Malaysia) PRELIMINARY ANNOUNCEMENT OF PROFITS DIVIDEND The Directors announce the unaudited results of the Group and of the Company for the year ended 30th November 1986 as follows: Turnover Operating profit Share of profits of associated companies Profit before taxation Taxation Profit after taxation628 words
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INTERNATIONAL STOCKS
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344 1987-02-07 6 NYT TWO OF the big three ear makers in tee US have reported earnings declines for 1966, as the industry began to close the books on its fourth prosperous year in a row. General Motors Corp reported that it earned U552.95 billion, or US$B.2lNYT - 344 words
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Article390 1987-02-07 6 Reuter THE DOW JONES Industrials closed on Thursday above the 2,200 level for the first time ever in a broad market gain, but the advance was not without its problems. In the afternoon, an unconfirmed report that Anglican hostage negotiator Terry Waite had been shotReuter - 390 words
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Article143 1987-02-07 6 M Abitibi ct 37V inco In* irn rrov rip# hi Inn 18% 47 22% Atcan Alum .47% 1 Karr Addtaon 19 Aigoma Stl 10% LoMaw Co 12% Bank Nova Scotia 20 K McMil Bldl 59% 1% Bank Of Montreal 38% K Moft on A 25% Ball Canada 41% -t-%143 words
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Article218 1987-02-07 6 KB 06 Mour IMND miALS Truat Bk. Un Staal Woottru 136 90 1500 +3 unch -60 A Alpha ***** MM M6 Abarcom Aacl 365 1660 unch unci) unch unch -25 25 Angioa. Angvaal 9629 -75 MEF^ZZZZ C 0 Smith CNA 5190 1960 3375 Blyvoor BuMa Chartac Cona Gold 2400218 words
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Article561 1987-02-07 6 pea m us Aican Mumin Alcoa ID MX x 14 -f x ANtad Sis MM -X All la-Ctial mars Am Brands Inc 2% SIX 100X -X 10 KK 17% Am Horn* Prod 1 MB IX Amu Inc 1 10% Amarada Hm 29* Amoco Corp 1 '6X -x MX561 words
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Article619 1987-02-07 6 Amsterdam Ot FLB ABM Aagon AhoM 506 00 78 00 102 00 unch •0.1 0.5 132 50 •0.2 Alranta 142 00 ■♦•0.1 AMEV Amro Bank Am Stat Barka4 B0L8 Boraumij Buahrman Tana Calva Elaaviar 66 30 84 20 ***** 1980 154 00 137 roda 52 20 880 232619 words
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Article168 1987-02-07 6 Reuter THE PACE OF US corporate mergers and acquisitions roee nearly a third in dollar terms last year to US$l9O billion, according to Mergers and Acquisitions magazine. Spurred by the passage of a new tax law, the number of mergers was up 18.6 per cent last yearReuter - 168 words
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Article82 1987-02-07 6 AFP TENNECO INC, one of the main US oil companies, has announced net profits of US$3 million for the final quarter of 1986 93 per cent down on the 1985 result The group's turnover fell 14.2 per cent during the same period to $3.6 billion. ForAFP - 82 words
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Page 6 Advertisements
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Advertisement195 1987-02-07 6 9Mooi*6hin£ w Palaoe Restaurant^ Usher in the New Year with our £2 7A HWOSPHWTTIAWHSH fy -It WHP'w ha C3l Stev.-f»d Duck Good Lurk J j"t.»bles Hainanese Mufton Soup Hainanese '^oastod Chicken ii Wltere towiae, aM esiertala iT- Happy Hour at the Treetops Bar Baron's Tavern > s mm t >♦195 words
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Advertisement139 1987-02-07 6 It s the NEU FACES... Fresh from their European tour. IheNf I) ACES Veteran and versatile musicians Rock n Roll. Top 10. New Wave excellently performed tor grand entertainment Nightly except Sundays >\t Ihe Alcove lounge where the beer is cheapest among hotel lounges cove BOULEVARD HOTEL SINGAPORE 200 Orchard139 words
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Advertisement233 1987-02-07 6 GONG 10 FA CAI Prosperity and Happing— at Huang Palace ♦"Lao Qi" Only $15++ per portion you can avour our caary raw fiah salad specially prepared by our chefs. To compliment this auspicious dish wr hawr raw fish pomifer at only $3.00++ per bowl. Start off the Rabbits year with233 words
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Advertisement98 1987-02-07 6 1 lennessy X.-0 promotion AtTheHerttgeßar Jan.l-Feb.2B S-_ Hennessy x.o. (70d) at only $195 Nett (Usual $320) and get an exclusive ballpoint pen and hot snacks FREE! Plus Lucky Draw (on Jan. 27) and Grand Lucky Draw (on Feb. 28) with the prize OF 1 single return air ticket to Bangkok.98 words
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Advertisement137 1987-02-07 6 i i No one could expect a stomach to survive the stretch between dinner and breakfast. The minute you feel the rumbles, head for shelter here. We have porridge potpourri. Hot and j K steaming- buffet to Mg get you through the night for only $7.50. 1 ICSflB.' (All prices137 words
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ASIAN STOCKS
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Article392 1987-02-07 7 HONGKONG: Share prices closed sharply higher yesterday on late buying support which sent the Hang Seng Index to a record high close for the third consecutive session. The index finished the day 21.43 points higher at 2,673.57. The Hong Kong Index rose 10.94 to 1,713.37. Turnover was HK$l.4B billion392 words
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Article213 1987-02-07 7 PIS M NT I KoMn 28.10 0.4 All SJnc*r* Indus 2 44 32 00 008 0 1 Kuochan Oav Laa Chang Yuan Cham Indua 25.00 33.50 •0.6 unch .38.50 •0.3 Uan Hwa Indua 22.00 •0.3 51 50 0.5 Nan Ya Plaa 37.70 0.2 31 50 2S.80 +0.3 Chia Haln213 words
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Article386 1987-02-07 7 TOKYO: Shares fell in dull trade yesterday as investors readied themselves for Monday's listing of shares of Nippon Telegraph and Telephone (NTT). Investors took profits to buy NTT and related issues likely to advance next week. The market average closed 126.25 down at 19,668.83. Declines outpaced advances seven-five on386 words
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Article83 1987-02-07 7 FU 69 I 1- Oriental B 0.032 unch Acoja Mining A|ki| 0.0560 0.0029 Anglo Phil 0004 uncfi 0 52 Apax Mining B 0.0860 -0.0025 Atlaa Con. B 20 265 5 Baguio QoM 0.0065 unch 8an MtgtMi B 120 1 Bute Pvtrotoum.... 0.015 0 002 Saafront. 0.029 0.001 Bangoat Can.83 words
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Article447 1987-02-07 7 SYDNEY: Australian share markets yesterday closed firm but just off the day's high, supported by continued interest in media stocks and late demand for blue chips. Media stocks took centre stage as the Herald and Weekly Times board met in Melbourne to consider tenders for its electronic media interests.447 words
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Article120 1987-02-07 7 FU M WON Kangwon Ind ***** 150 Cha« Sugar «-.J mo 0—woo Corp 2900 460 •OS •100 6 unch Kia Motor Koton Ind. Korea Long Tamv Lucky Lid 1660 ....4200 —1600 1460 -10 190 unch -20 0—woo HMV. DWiin Sacuritiaa Dong Ah Phar. Dong Soh Slock 1310 9600 *****120 words
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Article136 1987-02-07 7 Reuter BANGKOK: The Stock Exchange of Thailand Index was down 1.43 to 209.52 on a turnover of 1,107,916 shares worth 177 million baht. FU Ao Kham Thai ■ANT +1Slam Cement Stam City 825 unoh Ayudhyi InvMtm# Bangkok Agro-lnd it 254 75 -4 0 5 Slam Commercial Bank. 490 BangkokReuter - 136 words
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Article79 1987-02-07 7 AFP TOSHIBA CORP, major Japanese electric appliance maker, is to open a joint venture in South Korea producing florescent lamps. Toshiba will join two South Korean firms to set up the Kumdong Lighting Co later this month in the southern city of Kwangju. The new companyAFP - 79 words
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262 1987-02-07 7 UPI TWO JAPANESE car manufacturers have signed an agreement to set up a joint company to produce cars and trucks in the United States. Under the agreement signed in Tokyo on Thursday, Fuji Heavy Industries, the manufacturer of Subaru subcompact cars, and IsuzuUPI - 262 words
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177 1987-02-07 7 Reuter INDONESIA'S state-owned oil company, Pertamina, had assets of 10,298.5 billion rupiah in the fiscal year ending March 31, 1985, according to the second public financial report in the company's 29-year history. Including six Subsidiaries and 21 joint venturea, assets totalled 14,275.5 billion rupiah inReuter - 177 words
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124 1987-02-07 7 Bernama THE CENTRAL BANK of the Philippines has ordered the Piso Development Bank to be cloaed and placed under receivership after finding it insolvent The Central Bank said on Thursday that the management of Piso Bank had earlier made representations that new investors were interestedBernama - 124 words
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Page 7 Advertisements
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Advertisement621 1987-02-07 7 Wmt id entertain DEUCIOZO HYATT Mama Mta! Pete's Place introduces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary621 words
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Advertisement250 1987-02-07 7 Chinese NevvVear Prosperity Banquet r i A it 4 Fa Cai Yu Sheng Mini To Tiao Qiang" Roasted Suckling Pig Steamed Live Sea bass Boiled Live Prawns Vegetarian Delight Fried "Ee Mian" Four Flavour Dumplings New Year Dessert Hsl ft ffH Ate m Jh jfe Tel *****78 2nd Storey, VtMngton250 words
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FEATURES
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Article611 1987-02-07 8 THERE IS NOTHING quite like being a king or queen, and there never has been. Professions and ways of life come and go, but royalty has always held its own, surrounded by the infallible idiom of exclusivity. It is an idiom that is exclusive611 words
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Article, Illustration776 1987-02-07 8 UPI THE SOARING BEAUTY and delicate strength of the red steel bridge that spans the Golden Gate have been attributed for the past 50 years to the wrong man, according to a San Francisco author. Hundreds of visitors get their pictures taken every day nextUPI - 776 words
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Article225 1987-02-07 8 WANG LOOK KEAH (Ms - Letters to the Editor WANG LOOK KEAH (Ms) for Chief Executive Officer, Trade Development Board 1 DEAR SIR, I refer to the feature "Fuss and frills don't make a fashion centre UK consultant" which BT published on Dec 15 following an interview with Mr Mikel Rosen.225 words
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522 1987-02-07 8 ORMOA LEE (Mrs - ORMOA LEE (Mrs) fI.AHf HslaMnns MUa# rUoiic nviiDons wncvf M for principal ftkifinra Itnhiierhnlr DEAR SIR, The article "Training lagging behind technology", published in Shipping Times on Jan 23, requires further comment as the impression created is somewhat more negative than the522 words
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Page 8 Advertisements
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Advertisement66 1987-02-07 8 IF YOU WANT TO KNOW ft JA <3 ft 9i 7 •*W s§2< V *T 1 V TJ 1 a >■ 1 hu s»n <,Hsm< W dopeoplCm, biisi ness iin the J Yeafdftbeßabbit?/ How ar-e developers faring in the land ofcmillion opportunities? What goes into the makirigof thi successful Malayentrep/eneur?66 words
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Page 8 Miscellaneous
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Miscellaneous772 1987-02-07 8 CRYPTIC PUZZLE ACROSS 9 Does roam, dead lonely (8) 10 In the romance, about five survive (3) 11 Concert one child is taken to (6) 12 He's a drawback to the editor (6) 13 Standing by the animal, are out of breath (7) 14 Including a hot number, in that772 words
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Executive Lifestyle
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Article509 1987-02-07 9 SIR TERENCE CONRAN, the British designer who started Habitat, was in town this week for, among other things, a National Productivity Board lecture. The man now heads a £1.5 billion retailing empire and has a personal worth of some £130 million. But he still hates to509 words
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315 1987-02-07 9 TRENDS ARCHITECTS ARE BEING ASKED to quit fiddling around with gimmicks on high-rise buildings in a bid for one-upmanahip in "avant garde architecture". Modern building materials and building science have given architects free reign in expressing their flights of design-fancy, sometimes in apparent defiance of315 words
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Article746 1987-02-07 9 MARGARET THOMAS - P IM&W' With MARGARET THOMAS I MUTTER DARK THINGS under my breath about Singapore's planners, developers and architects every time I take my mother out for lunch or a bit of shopping. There was a time when she would merrily head for the markets or stores746 words
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Article, Illustration997 1987-02-07 9 RICHARD SEAH - By RICHARD SEAH WHO'S AFRAID of Thaipuaam? I was. Until a close-up encounter last year taught me otherwise. Previously, this Hindu festival had always been observed from afar. When I was young, I sometimes saw the procession from the bus. When I was997 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration804 1987-02-07 10 MARTIN SOONG - MUSIC By MARTIN SOONG JAZZ NOMAD David Ng is really at home only behind a piano. The portly Penang-born pianist, Singapore's most accomplished but least recognised jazz export, has been chronically homesick and a musical refugee804 words
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Article, Illustration655 1987-02-07 10 SHAUN KOH - CONCERT By SHAUN KOH IT COULD HAVE BEEN jetlag, or perhaps the unfamiliar venue that took away some of the polish from the performance by the Gothenburg Symphony Orchestra at the Victoria Concert Hall on Wednesday night. For an orchestra with a655 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration668 1987-02-07 11 THE FOOD TEAM - By THE FOOD TEAM MOST VISIBLE on tables these past few Lunar New Year weeks has been a mound of Yu-Sheng and much good-humoured tossing of the traditional raw fish salad. Almost as a matter of good form, the Yu-Sheng appeared at Liu668 words
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941 1987-02-07 11 JAIME LYE - FOOD By JAIME LYE IF YOU ARE Chinese, you've probably already done your share of visiting relatives and exchanging hypocritical emotions on how you should see each other more than once a year, or scouting around for a compass to make sure that you941 words
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Article, Illustration446 1987-02-07 11 CINEMA THEY SAY THAT inside every quiet male lies a song-and-dance man aching to come out. Inside Chuck Norris, however, lies a deadpan comic who delivers gag lines like he is being kicked in the groin. He who allowed his feet to do the talking446 words
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Article801 1987-02-07 11 CINEMA: Tal-Pan Byran Brown, John Stanton, Joan Chen. Showing at Cathay: 10.30; 1.15; 4; 6.45; 9.30 and Kreta Ayer People's: 1.15; 4; 6.45; 9.30. Vamp starring Chris Makepeace, Sandy Baron, Robert Rusler, GSedde Watanabe, Grace Jones. Showing at Capitol: 11; 1.45; 4; 6.30; 9.15 and Changi: 11; 1.15; 3.30;801 words
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Article, Illustration896 1987-02-07 11 SHORTTAKES A TURN-OF-THE-CENTURY English pub in the late 1980s? If you can't preserve it, recreate it so the Marina Mandarin Hotel seems to be saying. Hence the Cricketeer Pub, named for its proximity to the Cricket Club, one of Singapore's last links to its896 words
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Article948 1987-02-07 11 HEALTH By RICHARD SEAH "NO FRIED KUAY TEOW? Not even once a week?" that was one reaction to last week's article from a colleague who felt that I was "depriving" people of one of their favourite foods. Yes and no. Yes, the health conscious avoid foods948 words
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Executive Lifestyle: Sports
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637 1987-02-07 12 Brian Miller - on tmck with Brian Miller with Brian Miller ANY HORSE unlucky enough to run second three times in his last four starts surely deserves the chance to break into the winner's circle and, with this in mind, I'm going to make the637 words
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Article, Illustration459 1987-02-07 12 TENNIS Reuter JIMMY CONNORS called heavily on determination and experience on Thursday to beat fellow American Scott Davis for the first time in his long career and reach the last eight of the US Professional Indoor Tennis championships. The second seeded 34-year-old, playing hisReuter - 459 words
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Article, Illustration787 1987-02-07 12 YACHTING AFP EVEN BEFORE the America's Cup has left for its new home, at least 10 countries are lining up for another challenge which could cost them collectively around US$5OO million. Seventeen syndicates took part in the Fremantle cup campaign, spending more thanAFP - 787 words
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Article132 1987-02-07 12 SOCCER Reuter DIEGO MARADONA, the Argentine World Cup soccer star linked with England's Tottenham in recent transfer speculation, has said that £10 million was a ridiculous amount for a club to pay for his transfer. Maradona said on Thursday that he was surprised by reports thatReuter - 132 words
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406 1987-02-07 12 WALTON MORAIS - GOLF By WALTON MORAIS JUST WHEN things were getting exciting, the pressure on overwhelming favourite Sembawang is expected to ease up when the third round of the Premier League golf championship tees off at Seletar tomorrow morning. With Vincent Lee's departure for406 words
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232 1987-02-07 12 Reuter COREY PAVIN showed he intended to retain his Hawaiian Open golf title yesterday when he shot an opening round sev-en-under-par 65 for a one-shot lead at the Waialae Country Club. Pavin led from fellow-Ameri-cans Jack Renner, who won in 1984, and MacReuter - 232 words
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Article69 1987-02-07 12 AP CHRIS JOHNSON adjusted her swing to cope with the wind and shot a 5-under-par 67 to stand atop the leader board by one stroke when the first round of the US Ladies Professional Golf Association's US$2OO,OOO Sarasota Classic was suspended because of darkness on Thursday.AP - 69 words
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472 1987-02-07 12 AP THESE ARE glory days for the corporate sponsors who guessed right and put their money behind the sailing syndicate that won back the America's Cup. But even companies that backed other American entrants in the lengthy elimination series which started last fall professAP - 472 words
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Article, Illustration797 1987-02-07 12 MIKE THUMBA - BRIDGE By MIKE THUMBA LAST MONTH, when I opened the discussion on the topic of opening lead, I quoted Fred Karpin, the bridge writer who said about 40 per cent of all contracts sre either fulfilled or defeated on the opening lead. The797 words
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Article, Illustration400 1987-02-07 12 FITNESS HAD ANY FUN lately? If you're like too many Singaporeans, the answer is probably no. Unfortunately, we as a society have come to regard play as a frivolous activity indulged in by irresponsible young people. Such activity decreases proportionately as we grow400 words
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Executive Lifestyle: Personal Investment
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Article, Illustration454 1987-02-07 13 OROSPECTS for continued gains op the Singapore stock exchange are good, and international chartist David Fuller has rated it the third best market to put money if», ahead of even Hongkong and Australia. 1 Writing in the end-January issue of Fuller Money,454 words
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Article, Illustration358 1987-02-07 13 1 RC OPPORTUNITIES abound now that greater investor focus is being directed towards laggard Malaysian equities. Although several issues have made some good gains, others are only just beginning to awaken. Ever since its last bull market peak of $3.22 inRC - 358 words
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Article201 1987-02-07 13 TRUSTEE STOCKS TRUSTEE STOCK investors had a good time playing the market early in the week, but the enthusiasm fizzled out when the investment focus shifted towards Malaysian-based shares. Still, most CPF-linked trustee stocks managed to score modest gains, with finance stock DBS Bank putting201 words
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Article180 1987-02-07 13 Slock Prlco* on Prtoo on Prlco on Woofcly (%r Itoy2($) Jan 28 Ctwngo clwngo RISES DBS 4.70 9.95 10.50 0.55 Singapore Land 2.14 5.70 6.00 0.30 mm GE Uf* 12.00 18.20 18.40 0.20 EH ft D C 2.92(a) 3.06 3.24 +0.16 109 Haw Par 1.85 3.36180 words
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Article, Illustration919 1987-02-07 13 RAMESH CHANDIRAMANI - MALAYSIAN EQUITIES By RAMESH CHANDIRAMANI OVER THE PAST couple of months, Personal Investment has carried several stories highlighting the shift of investment trends, whenever these were detected, as regards Malaysian equities. It started with the plantation shares in late September last year919 words
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Article866 1987-02-07 13 RC INVESTORS looking for a window of opportunity into China should consider Chuan Hup Australia (CHA), which will play a valuable role in the Middle Kingdom's modernisation and industrial growth right through to the next decade. The Australian company, which is an associateRC - 866 words
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285 1987-02-07 13 THE SUCCESSES of local chartists and BT's very own Chart Point column in spotting winning trades on the Stock Exchange of Singapore have heightened the popularity of technical analysis as a price forecasting tool. Low-cost personal computers have made the job of charting easy and285 words
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Page 9 Advertisements
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Advertisement75 1987-02-07 9 V k »~5» U m A > ■jL gun gerald genla Singapore KxHumw «trni for the Far Eau Showroom and Service Centre: Singapore The Hour Glass Ccntrepoint •01 21/22 Tel *****98/*****03 Kuala Lumpur The Hour Glass Yow Chuan Plaza GB/9 Ground Floor Tel: *****01/*****17 Authorised dealers: Singapore The Hour Glass75 words
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Page 10 Miscellaneous
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Miscellaneous2467 1987-02-07 10 SLOTS TO WATCH From love triangle to thrillers TODAY: What Prlea Glory? (Cine Showcase, 8 pm, Channel 12) is a better than average romp about an army captain and sergeant who fight for the affections of a French girl as vigorously as they battle with the enemies in World War2,467 words
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Page 13 Advertisements
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Advertisement27 1987-02-07 13 BT welcomes investment Ideas and viewpoints from brokers, bankers and readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.27 words
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Advertisement122 1987-02-07 13 fa w 4 ScalpeLscissors_sutures_ Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make sound investments. Fluctuations in122 words
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SHARE INFORMATION
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Article, Illustration4144 1987-02-07 14 THE STOCK MARKET closed slightly weaker across the board on intermittent bouts of profit-tak-ing yesterday. The Straits Times Industrial Index drifted 5.28 points lower to 965.96 while the broad-based BT Composite Index closed 3.47 points lower at 861.13. Losers led gainers 113 to 574,144 words
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Article196 1987-02-07 14 Rises SINGAPORE Ind less IS ,T Ml.19 °77* ft? +11 ITMMI *****179 3******1 MILSL I« 12 ,TO, S *276 +134 "T?" 2® »TCAO -6601 -6*44 22 1?2 ,TO,v +2*5103 *****9 r**—'" 2 Ww*l* 971.26 9*5.90 H w T ST»Ww *****9 *****3 c7T2 .Li tl STM** 502J0 502-54196 words
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Article3711 1987-02-07 14 810 and otter 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".3,711 words
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Article135 1987-02-07 14 WEARNE BROTHERS, UrnNed: 72nd AGM at 65 Chulia Street. #19-00, OCBC Centre, Singapore 0104, on Wednesday, Feb 11. at 10.30am. CI HOLDINGS Berhad: EGM at Anggerik Room. 4th Floor, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur, on Feb 14 at 9.30am. SINGAPORE PRESS HOLDINGS Limited: 2nd AGM135 words
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COMPANU NEWS
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Article106 1987-02-07 15 HONGKONG Hongkong Index Friday 1713.37 Thursday 1702 43 Week ago dosed Hang Song Index Friday *****7* Thursday 2652.14 Week ago closed All Industrials Friday ***** Thursday 2418.8 Week ago 2357.3 NEW YORK Dow Jones Thursday *****9* Wednesday 2191.23 Week ogo 2160 01 TOKYO Nikkei Averoge Friday *****83 Thursday106 words
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Article226 1987-02-07 15 Managers' prices MARA-Bumiputra foe Feb 7 9 First B'putro Second B'putro 5.66 5.10 5.71 515 Singapore Unit Trust Third B'putro 400 408 The Co—w The Savings Fund S'pore frog Fund S'pore Sec Fund S'pore Invest Fund S'pore Equity Fund 0.97 088 038 064 0.72 046 1.04 095 042226 words
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253 1987-02-07 15 THE THREE-DAY firm trend came to a halt on the Kuala Lumpur stock market yesterday as share prices came under profit-taking to close mixed with an easier bias. A broker said the technical correction was not unexpected as the market was overbought. He said253 words
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315 1987-02-07 15 MBT RALEIGH BHD, the bicycle manufacturer turned property developer, is interested in diversifying into rubber glove manufacturing. There has been talk in the market that the group is looking into the viability of such a venture. It is. however, not known whether theMBT - 315 words
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Article449 1987-02-07 15 MBT MALAYSIAN Resources Corp Bhd (MRCB) will consolidate and restructure its operations, its new chairman Mohamad bin Endut told reporters after the company's extraordinary general meeting on Thursday. At the meeting. MRCB obtained shareholders' approval for the sale of its carbide and roofing tile factories. MRCBMBT - 449 words
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527 1987-02-07 15 AMY CHEOK - By AMY CHEOK PAPER PRODUCTS (M) Bhd (PPM), which had attracted active buying interest in the last few days, was placed under receivership yesterday by Kwong Yik Bank. The bank has appointed auditing firm Hanafiah Raslan and Mohamad as the receivers and managers, according to527 words
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Article131 1987-02-07 15 LAM GROUP INVESTMENTS has announced that by Feb 2, the closing date of its $15.06 million rights issue of loan stock and warrants, a total of $14.22 million nominal amount has been accepted. This represents some 94.3 per cent of the rights issue. The balance has been taken131 words
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Article2586 1987-02-07 15 BID and Oder prices n#Hr»i»ny listed and b—lnsss in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of Aaren traded «town In brackets in lots of 1,000 units unless otherwise .«ft■ I SpoClKl6a. INDUSTRIALS Alcorn (82$) M) 80 (1) 81 (2)2,586 words
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Article786 1987-02-07 15 ANOTHER record performance on Wall Street overnight yesterday lifted shares in early business, pushing prices to fresh records. dealers said. By 0921 GMT, the FTSE 100 was 12.0 above Thursday's record close to a new peak of 1,878.1. On Thursday, the FT 30 rose 13.4 to 1486.2 while786 words
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Page 15 Advertisements
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Advertisement247 1987-02-07 15 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 185 AND IN THE MATTER OF ESTATE MANAGEMENT SERVICES (PRIVATE) VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. 185, that a final meeting of the members of the abovenamed company will be held at247 words
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Advertisement212 1987-02-07 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF BEE CHOW TAILORS CO. (PTE.) LTD. (In Member*' Voluntary Winding-up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act (Chapter 185). that the Final General Meeting of the212 words
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Advertisement198 1987-02-07 15 SINGAPORE NATIONAL PRINTERS LTD Invitation in respect of 7,000,000 Ordinary Shares of $0.50 each at $1.00 per share 1 The Board of Directors of Singapore National Printers Ltd (SNP) is pleased to announce that at the close of the Application List at 12.00 noon, 5 February 1987, there were 47,571198 words
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Article, Illustration509 1987-02-07 16 BRIAN GOMEZ - Topic 'unrealistic' say President Suharto, PM Lee By BRIAN GOMEZ Regional Correspondent DISCUSSION OF an Asean Common Market or Free Trade Zone has been ruled out of order for the forthcoming Asean Summit. During a 90-minute "four eyes" meeting yesterday, Indonesian President Suharto and509 words
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Article, Illustration692 1987-02-07 16 ANNA TEO - By ANNA TEO PLANS BY Japanese audio and video equipment maker Aiwa to make digital audio tape (DAT) recorders in Singapore will have to wait until a component supply problem is sorted out. The company, a subsidiary of Sony692 words
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Article116 1987-02-07 16 SINGAPORE'S labour turnover rate has dropped substantially, Labour Minister Lee Yock Suan said yesterday. The rate is low compared with other newly-industrialising countries such as Taiwan and South Korea. The skill and quality levels of the workforce are continually improving too, he pointed out. Speaking116 words
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346 1987-02-07 16 THE VOCATIONAL and Industrial Training Board (VITB) will open a new industrial training centre in July in Bedok, adding 480 new places to the 6,200 now offered at its 11 centres. This was announced yesterday by Minister of State (Education)346 words
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Article68 1987-02-07 16 Reuter TAIWAN'S trade surplus surged in January and economists are optimistic about prospects for further growth in the first quarter of the year. Figures released yesterday show the surplus rose to US$l.4l billion last month from US$l.39 billion in December and US$l.26 billion in January 1966.Reuter - 68 words
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Article165 1987-02-07 16 Reuter THE BANK OF ENGLAND hat appointed the law firm Lovell White and King and accountants Touche Ross and Co to investigate Standard Chartered PLC under Section 17 of the UK Banking Act. Standard Chartered had asked the central bank earlier this week to launchReuter - 165 words
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336 1987-02-07 16 Reuter JAPANESE WORKERS will pay for their new status as the world's highest earners by accepting their smallest ever wage rise this year, economists said. Faced with a growing threat of unemployment, they are likely to settle for an increase of around 3Reuter - 336 words
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314 1987-02-07 16 AP Reuter PRESIDENT Corazon Aquino, warning against high hopes in the wake of the victory of her new Constitution, said yesterday her government lacked the resources to move with "the speed and effectivity" her people demanded. "The present government, given itsAP; Reuter - 314 words
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147 1987-02-07 16 PRIME MINISTER Lee Kuan Yew has extended his congratulations to President Corazon Aquino on her landslide victory in the recent Philippine plebiscite. "My warmest congratulations on the overwhelming vote for the new Philippine Constitution," wrote Mr Lee. "The people of the Philippines have147 words
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Article90 1987-02-07 16 COMEX GOLD futures eased yesterday on profit-taking of long positions from Thursday's snap rally which was fuelled by heightened Middle East tensions. In quiet morning dealings, spot gold was off US$l.4O at U*****.40 an ounce following Thursday night's gain of US$2.lO. Analysts said the selling was very scattered90 words
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Article79 1987-02-07 16 WALL STREET stock prices were mixed in moderately active trading yesterday afternoon. Blue chips, which closed above the 2200 level for the first time on Thursdsy, csme under some profit-taking preeaure while the broader market poeted only mild gains. The Dow Industrial Average fell three points to79 words
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LATE FILE
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Article73 1987-02-07 16 AP IN A BID to help ease trade friction with the US, South Korea plans to appreciate its currency gradually against the US dollar by a cumulative 5 per cent this year, a government official said. The plan calls for appreciating the won by 3AP - 73 words
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Article58 1987-02-07 16 Reuter INVESTORS yesterday made a last-minute dash to buy shares in British Airways, the state-owned airline which is being sold off to the public, on a day when two key London Stock Exchange indices hit record highs. The merchant bankers handling the issue said theReuter - 58 words
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Article59 1987-02-07 16 Reuter A SWEDISH newspaper yesterday reported that 70 planeloads of ammunition ware exported to Iran laat year from northern France by the Swedish arms firm Bofors, which is already under investigation over suspected illegal exports to Middle East trouble spots. But Bofors's parent company.Reuter - 59 words
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Article62 1987-02-07 16 Reuter INDONESIA aaid yesterday that car manufacturers, hit by s prolonged depression in the industry, were no longer committed to making a vehicle with all parts produced domestically. Industry Minister Hartarto said manufacturers, except those producing small commercial vehicles, were no longer obliged to goReuter - 62 words
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Article38 1987-02-07 16 Reuter ONE OF Britain'a most bitter industrial disputes was drawing to a cloee yesterday following a sudden decision by Britain's largest printing union to abandon its yearlong battle against publisher Rupert Murdoch. ReuterReuter - 38 words
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Article30 1987-02-07 16 Bernama FOREIGN MINISTER Datuk Rais Yatim said yesterday Malaysia has to have friendly relations with all countries to enjoy demand for its primary commodities. BernamaBernama - 30 words
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Page 16 Advertisements
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Advertisement81 1987-02-07 16 S3 Mcllwraith McEacharn Operations Limited 5538,000,000 Unsecured Notes known as "Guaranteed Floating Rate Notes Due 1992" In accordance with the provisions of the Notes, notice is hereby given that for the three month period from sth February, 1987 to sth May, 1987, the Notes will carry a rate of interest81 words
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Advertisement375 1987-02-07 16 NOTICE IS HEREBY GIVEN that, I Wong Tee Guan of No. 711 Bedok Reservoir Rd #05-3106 Singapore 1647, have apBlied8 lied for a First Class Beer House licence i respect of premises at M/s Soy Leng Eating House at 217 Bedok North St 1 #01-77 Singapore 1646, and that this375 words
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Advertisement361 1987-02-07 16 MTIK NOTICE IS HEREBY GIVEN that, I Pang Sam Chin of No. 4 Merkeh Rd, Singapore (2775), have applied for a First Class Beer House licence in respect of premises at M/s Anpang Yong Tou Foo Restn. at 4 Queen's Rd #02-101, Singapore (1026), and that this application will be361 words
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Page 16 Miscellaneous
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Miscellaneous7 1987-02-07 16 mmm MM PMW MtWMH Rainy dcyt tills7 words
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