The Business Times, 28 February 1987
1987-02-28
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The Business Times
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Title Section14 1987-02-28 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, February 28-March 1, 1987 75 CENTS14 words
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Article, Illustration232 1987-02-28 1 STOCK MARKET MALAYSIAN LOWER liners led the Singapore stock market yesterday in active trading. The Straits Times Industrial Index moved up marginally by 1.2S points to 1,088.02 while the more broad-based BT Composite Index edged up 0.11 point to 942.02. Total volume stood at 50.9 million shares232 words
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Article, Illustration522 1987-02-28 1 ZHOU MEI - Cost-cutting measures help give competitive edge By ZHOU MEI Economics Correspondent EXTERNAL DEMAND pulled the Singapore economy back on to the growth track last year. The 7 per cent growth in total goods and services exported more than compensated for the weakSource: Economic Survey of Singapore 1986 - 522 words
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539 1987-02-28 1 CHARGES that town councils were formed to suit the People's Action Party were dismissed by First Deputy Prime Minister Goh Chok Tong in a television interview last night. Mr Goh argued that the system was meant for residents' benefit and539 words
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348 1987-02-28 1 Bernama THE SEGAMAT division of the United Malays National Organisation yesterday nominated Malaysian Trade and Industry Minister Tengku Razaleigh Hamzah to challenge Prime Minister Datuk Seri Dr Mahathir Mohamad for the party president's post at the election for the party central leadership during the AprilBernama - 348 words
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Article52 1987-02-28 1 AFP IN HONGKONG yesterday, the blue-chip Hang Seng Index shot up 34.27 points to 2,877.87, msinly on local buying. The barometer's latest closing figure was less than two points off its record high of 2,879.01 on Monday. The more widely-based Hongkong Index yesterday advanced 22.85 points toAFP - 52 words
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Page 1 Advertisements
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Advertisement251 1987-02-28 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Call for mora Initiative, Wits participation part of civil sarvlca staff appraisal, Back Paga INSIDE v V OUR VIEW THERE WAS SOME CRITICISM in China recently on the allegedly negative influence of Jean Paul Sartre and Sigmund Freud on local thought. Though foreign influences251 words
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Advertisement222 1987-02-28 1 Ikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Poor man's golf? Not really Page 9 Monopoly winners and the S'pore board; 'Bests' contest winning entry Page 11 Words from a Valentine Page Adventures of a small-time grubber Page It TV programmes for today and tomorrow Page 10 Women in love and jeopardy222 words
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ECONOMIC SURVEY '86
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Article, Illustration1101 1987-02-28 2 ZHOU MEI, SOH TIANG KENG, LOH HUI YIN, HOMER CHEN - Growth not spread out evenly Stories by ZHOU MEI, SOH TIANG KENG, LOH HUI YIN, HOMER CHEN THE LOP-SIDED PATTERN of Singapore's economic recovery reveals starkly the dualistic nature of the economy. On one side are the sectors characterised as price-takers, dominated by transnationalArtwork by ALLAN CHAN and JENNIFER CHUA; Source: Economic Survey of Singapore 1986 - 1,101 words
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Article, Illustration745 1987-02-28 2 STRONG OVERSEAS DEMAND for electronic products and garments was the main impetus behind the growth in Singapore's non-oil domestic exports last year. Sales of integrated and printed circuits grew by 3 per cent after a 17 per cent plunge in 1985 whileSource: Economic Survey of Singapore 1986 - 745 words
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331 1987-02-28 2 A SUBSTANTIALLY smaller bill for crude oil purchases was an important factor behind the 4 per cent fall in Singapore's total imports last year to $55 billion. The bill for crude oil was $8.2 billion, a plunge of 36 per cent331 words
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210 1987-02-28 2 THE SEVEN major statutory boards collectively incurred a hefty deficit of $1.6 billion in 1986. According to the set of figures presented in the latest Economic Survey, there was an $868 million deficit in 1985 and in 1984, it was $1.4210 words
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361 1987-02-28 2 SINGAPORE'S balance of payments showed a smaller surplus in 1966. The main reason for the reduced surplus ($1.2 billion last year against $3 billion in 1965) was the large outflow of funds from the country, reflecting excess liquidity in the local financial system. The361 words
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Article, Illustration700 1987-02-28 2 THE GOVERNMENT, excluding statutory boards, enjoyed a surplus of $3 billion in fiscal year 1986, up 20 per cent over the previous year in spite of pumppriming to stimulate the economy. While total government revenue rose to $12.6 billion in 1986 compared with $12.1700 words
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Article, Illustration675 1987-02-28 3 Bulk of $I.4bn committed came from existing investors INVESTORS who are already here accounted for the bulk of last year's investment commitments, signalling their confidence in Singapore. The Economic Survey of Singapore, 1986, said two-thirds of the $1.4 billion committed came from existingSource: Economic Survey of Singapore 1986 - 675 words
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Article299 1987-02-28 3 LOCAL COMPANIES received $1.8 million worth of grants last year under the Product Development Assistance Scheme to help them come up with new products and processes. The money supported 18 projects, bringing the total number of projects backed by the scheme to 65299 words
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Article249 1987-02-28 3 1985 1986* Area (aq km) 620.5 821.7 Population at mld-yeer (*000) 2,558.0 2,588.2 Annual change 1.1 1.0 Employment Employed ('000) 1,154.3 1,149.0 Unemployment rate 4.1 4.6 National income aggregates Gross domestic product At current factor cost ($m) 35,217.0 35,180.5 Annual change —3.7 —0.1 At 1968 factor cost249 words
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Page 2 Advertisements
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Advertisement34 1987-02-28 2 THE SURVEY will bo on aala at Singapore Notional Prlnloio R) LM» I Shonton Way, Shop -07, Troawry Building, Singapore 0108 at $14 a copy from Mar 2. For onqulrloo, ploaao contact ToJ *****34.34 words
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Page 3 Advertisements
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Advertisement26 1987-02-28 3 Only 1 day left to place your ad. i I 11 331 RIRaiO S*S who nave ai So, whet particular s( Paee m 3M 3953 fcS26 words
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OVERSEAS
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514 1987-02-28 4 Reuter THE European Community and the US have entered a period of shadow boxing in preparation for new conflicts after narrowly avoiding a trade war last month. "There is a lot of noise being made about looming dangers but the twoReuter - 514 words
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Article230 1987-02-28 4 Reuter SENIOR SOVIET and European Community (EC) officials are to resume talks on establishing trade links between the community and the Soviet-dominated trading bloc Comecon, says an EC commission spokeswoman. Comecon secretary Vyacheslav Sychev had replied to a letter from EC External Relations Commissioner Willy deReuter - 230 words
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720 1987-02-28 4 Reuter US TREASURY SECRETARY James Baker, trying to calm mounting concern over Brazil's suspension of interest payments on its foreign bank debt, said there would be a timely resolution of the country's debt problems. "We expect a timely resolution of the situationReuter - 720 words
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347 1987-02-28 4 FT FUNDAMENTAL differences between the US and developing countries on how to liberalise trade in services surfaced again this week at the first meeting of the group designated to handle services in the Uruguay round. The US wants to focus on establishingFT - 347 words
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Article834 1987-02-28 4 ARRIVALS Operator Sorvieo Local From number time MAS MH601 0005 KUL OA OA471 0015 ATH OA 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 0850 KUL834 words
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180 1987-02-28 4 Reuter SWITZERLAND'S economy, combining low unemployment, financial stability and a big external payments surplus, is in excellent shape and on target for a satisfactory future, the Organisation for Economic Cooperation and Development (OECD) said yesterday. The economic conditions reflected the success of stable andReuter - 180 words
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604 1987-02-28 4 Reuter JAPANESE BUSINESS is digging in throughout the Middle East at a time when recession has prompted many US and European competitors to pull out Japan is the region's leading trade partner, exporting just about everything from petrochemical plants to compact cameras.Reuter - 604 words
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Article, Illustration366 1987-02-28 4 AP AMERICAN LAWMAKERS reacting to the Tower Commission report on Thursday spoke of "colossal blunders" at the White House and of a president who needed to be more closely involved in what his people are doing. Comments by opposition Democrats generally were harsherAP - 366 words
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Article68 1987-02-28 4 Reuter A CHINESE FACTORY spent US$2OO,OOO on second-hand imported machinery only to find the equipment was Chinese-made and originally exported at a fraction of the price, according to an official newspaper on Wednesday. An investigation revealed that used motors at a Hongkong company sold to the HuaxingReuter - 68 words
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167 1987-02-28 4 Reuter AFRICAN FOREIGN MINISTERS, meeting in Addis Ababa, are debating ways of protecting Black Southern African countries' two overland trade routes that avoid South Africa, according to conference sources on Thursday. The meeting of the Organisation of African Unity (OAU) council of ministers was consideringReuter - 167 words
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295 1987-02-28 4 Reuter AMERICAN Commerce Secretary Malcolm Baldrige said on Thursday that export controls could be eesed without harming national security but a congressman criticised him for letting the Soviet Union buy US oil and gas drilling equipment. Appearing before the House of RepresentativesReuter - 295 words
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Page 4 Advertisements
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Advertisement52 1987-02-28 4 a V /II "V 7" The business person's choice. |J a 1% every Tuesday, Saturday and I I \J I Sunday. Leaving Changi Airport at I J\JL 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canada at *****55. Effective thru 30 Apnl 1987 Al52 words
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Page 4 Miscellaneous
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Miscellaneous59 1987-02-28 4 Doonesbury TEAM. AS YOU ALL KNOW, THE NATION ISCUKFENW/ FACET? WITH A 6KAVB PU3UC HEALTH CRISIS—THEUNCHECKEP SPKEAPOF V/*ki r 11 I 'V-f.f wn *4 2 Mr r OS L' BY GARRY TRUOEAU LADIES AND GENTLEMEN, I WONT MINCE MOWS. ViSISNT JUST ANOTHER ADVBZPSiNG CAMPA&N! THS IS NOTHING LESSTHAN A PUBUC59 words
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BANKING AND FINANCE
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Article604 1987-02-28 5 JUNE Eurodollar futures lapsed into a sideways trading session soon after opening 2 ticks higher at 93.63 due to the unexpected drop in US durable goods on Thursday night The market ranged between 93.64 and 93.62 in quiet trading ahead of the US trade figures to be re- leased604 words
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Article233 1987-02-28 5 Asian ASIAN DOLLAR deposit rates closed steady at opening levels yesterday, after quiet trading. Dealers said that most operators were sidelined in the afternoon due to lack of interest Asian dollar CD rates closed unchanged at slightly lower opening levels of 6.50/40 per cent for one month and 6.40/30 for233 words
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Article93 1987-02-28 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Mar 2 to 6: Offered: $200,000,000 Applied for $515,000,000 Allotted: $200,000,000 Accepted bids: $99.55 and nearly 32 per cent Higher bids in full. Average rale of discount on allotment 1.670 per cent per annum. Discount prices93 words
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Article, Illustration75 1987-02-28 5 THE OVERNIGHT rate on the Singapore interbank market closed point higher from Wednesday at 3% per cent yesterday. The term rates each shed 1/16 point to 3 7/16 per cent Indlcsm lie s»sregs of lie prime lending raw oM2 S$ Interbank rates at 7pm yesterdays Offer Hd Qui75 words
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Article333 1987-02-28 5 HONGKONG: Gold closed lower in moderate trading yesterday as late profit-taking trimmed early gains, dealers said. It closed US$l lower at U*****.20/70 an ounce from New York's final USS4O6.2Q/70 but rose from the U*****.50/U*****.00 finish here on Thursday. Dealers said that the metal reached a high of U*****.40/90333 words
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Article793 1987-02-28 5 SINGAPORE: The US dollar yesterday closed narrowly mixed against major currencies moving within a narrow range throughout the day in quiet end-month trading. Dealers said that most operators were reluctant to create fresh positions ahead of yesterday's release of US January trade data. The dollar ended slightly higher793 words
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Article222 1987-02-28 5 interbank rates at 3pm yesterday: M OMr «a«M [flqj Jpilon to on* unit of foreign o urrancyi US dolor 2.1325 2.1335 ***** •2447 Spring pound 3.2957 3.2994 ***** •55.14 Australian doi Bf 1.4405 1.4433 3*4266 -57.99 NZ dolor 1.1*99 1.1926 ***** ■6549 Canadian do* »r 1.6003 ***** 3*4206222 words
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RAW MATERIALS
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Article885 1987-02-28 5 COFFEE Robusta coffee futures ended firm on Thursday, but below the day's highs, showing net gains of £22 to £13 a tonne in an estimated volume of 4,662 lots at the close. Dealers said that the market moved ahead with New York on unconfirmed talk that the International885 words
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Article147 1987-02-28 5 THE PRICE OF TM on tie Kuala Lumpur Mn market yesterday fall 22 oanla to doaa at M$l«J7 par kilo In norvoua and modarato trading. Tha market extended Na baarlah trand with prteee dadlnlng further on aaWng praaaura altor Via waaknaaa on Mm Europoan •pot147 words
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Article152 1987-02-28 5 WHEAT FUTURES in Chicago closed mostly higher on Thursday, ranging 1/4 US cent lower to 2-1/4 cents higher with spot March at USS2.7B-1/4 a bushel, off 1/4 cent Most contracts retrested near the close and March ended lower, but May held its midsession gain. Drexel Burnham spread 2.5 million152 words
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Article149 1987-02-28 5 SOYBEAN FUTURES in Chicago closed mixed on Thursday, ranging 2-1/4 US cents lower to 2-3/4 cents higher with spot March at US$4.Bl-1/4 a bushel, and all old crop months setting life-of-contract lows. Values eroded late in the session smid a lack of buying interest. Anticipation that Brazil would be149 words
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Article65 1987-02-28 5 Bangkok Broken Rice 138 A-1 Swp«r (USS/tonrw, FO») A-1 SpccM 135 White Rice 255 C-l Spatial C-1 Ord unq wnq 100% 10 dots 100% 2nd don 223 Loonzain Rice 100% 3rd dott 218 100% 1ft grad* unq 208 203 100% 2nd grade 217 5% 10% 100% 3rd grod* unq65 words
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Article297 1987-02-28 5 RAS prices mt« •HMO, PC In Ms NOON close Int 1 RSS Prompt iiwywfi 190 JO 191.50N PWfWTl 189.00 190.00N kit 1 RSS Mor 87 190 JO 191 JO 189 JO 190 JO bit 1 RSS April 187-50 188.00 186 JO 187.00 bit 2 RSS Of 1794)0297 words
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Article86 1987-02-28 5 (eanM/kg, 1 -to n poftaft) MA* 87 APt 87 (currant month) (forwor d month) NOON NOON RAS Ivyan IgHan 9mm SSI 30 169 JO 171 JON 164.00 169.00N SSI 50 167 JO 169 JON 166.50 168 JON r T T|t|i SMI cv 356.00 258.00N Buyers 357.00 259.00N86 words
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Article324 1987-02-28 5 SINGAPORE The market closed lower yesterday with March 1 RSS buyers quoted at 189.50 cents/Kilo, down 1.50 cents from Thursday. The morning session lost 0.50 cent on light prof-it-taking, after hovering narrowly in thin trading. Prices fell further in the afternoon on some long liquidation with trading remaining thin.324 words
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Article173 1987-02-28 5 MALAYSIAN crude palm oil prices were slightly lower at the close on renewed selling and reserve of buyers. with the fall in palm oil futures and weaker overnight Chicago soyoil futures weighing on levels. Trading was thin as most operators were sidelined and preferred to wait for the173 words
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Article110 1987-02-28 5 OIL PRODUCTS PRICES continued to look weak across the barrel. Gasoil prices slid with fresh trade and now closing the price gap with kerosene. Fuel oil remained mixed with talking levels fluctuating between 75-80 FOB S pore. Jet and naphtha weaker on slack buying interest LSWR also weak with fresh110 words
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Article102 1987-02-28 5 ChlMM Product 20/25% KM NSW ***** Exchange J i 1 1 t Nutnwg Nk 27 (SS/100 ko). M0 KM NSW *****0 Coconut oil •W? KM MW 1I22JOO M m MM Gambior OM 4rm KM ***** fOI NSW 30OuOO NntaPOl <04j00 Copra London Commodtty •M (mm) S3 SEL*"'"" 36102 words
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INTERNATIONAL STOCKS
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Article328 1987-02-28 6 NYT THE AMERICAN Express Company is widely believed to be planning to sell a significant stake in its Shearson Lehman Brothers Inc securities brokerage subsidiary to the public, or to another financial concern. According to the sources, who spoke on condition that they notNYT - 328 words
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209 1987-02-28 6 IMPERIAL Chemical Industries PLC's 11 per cent rise in group pre-tax profit to £1.016 billion in 1966 was achieved in spite of modest world economic growth and poor conditions in oil and agriculture, the company said. Lower results from these areas agriculture209 words
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Article396 1987-02-28 6 Reuter WALL STREET shrugged off the Tower Commission Report on the Iran/Contra scandal, but closed lower on Thursday, finding other factors to fuel its anxiety. A sharp decline in January durable goods orders provided much of the impetus for a sale of some economicallyReuter - 396 words
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Article144 1987-02-28 6 FM M AMttM C« 36* unch -1* Imp Oil O A loco Int Prov Plpa 64* 18* 42* •X -i AJcan Alum ...47* lu Intl 22* -X Algoma 80 Bank Nova Scotia. Bank Of Montreal... Ball Canada 10% 18* ...34 41* X X LoMaw Co McMII 3ldl Motaon A144 words
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Article236 1987-02-28 6 h n» at MOU HAND •TRIALS Trust Bk Un Staal WooHru 170 70 1500 15 7 25 A Alpha Abarcom AMI 1529 360 1675 525 25 -60 26 10 unch •10 unch MM Angtoa Angvsal MM 6660 ***** -29 JSSTr:::::::::: C Q Smith 5600 2000 3660 Blyvoor Buffata Chartar236 words
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Article582 1987-02-28 6 Rl M UBS Alcan Alumln 36* Alcoa 41% •1* AIIM inn 14* Allied Sta ....46* AIIM StOTM AlHa-CtwJmara Am Brartd* Inc Am Can Co 3* SO* 105* Am Cyanamid 93* •1* Am Elac Pwr 29* 72* 4* 96* ....4 18* Amarada Haaa 27* Amoco Corp 70* Amr Corp582 words
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Article733 1987-02-28 6 Amsterdam m M n* A8N mo oo -10.5 Aagon 08.20 •0.6 AhokJ 106 60 -0.8 132 10 -*-06 Alranta 142.20 AMEV 66.50 -0.7 Amro Bank 82 50 -2.9 Am Stad 127 00 17.70 0.4 BOLS 144.50 -2.5 Bofwimii Buafirman Tata 142.50 0.5 woda. 52 30 0 3 802733 words
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Article50 1987-02-28 6 Reuter WEST GERMAN carrier Lufthansa is sxpsctsd to rsport sharply lower profits in 1986, and soma share analysts said thay axpact nons at all in 1987. But Lufthanss said 1987 astimstss wara "pura spaculation", and that It was budgeting for a profit. Vienna prices www not availableReuter - 50 words
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Page 6 Advertisements
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Advertisement472 1987-02-28 6 %fi/SZZ. <*=» M m Whet* to wiite, dia« and entertain P ir:P C'% Out of Anient TKscover a w hole new world ot oyster flavours Ouf of America star i|ti.ility luscious oysters. .rc.n mm iuj4 >;re.it value. V\ 11 h It.ukt's He lon 0000 \i thi icliihi) Manhattan .rlli the472 words
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Advertisement139 1987-02-28 6 London stocks on Pago if FOR LATE 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 f steaming buffet to Mf get you through the j night for139 words
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ASIAN STOCKS
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Article385 1987-02-28 7 HONGKONG: Share prices closed sharply higher yesterday in hectic trading with strong demand from foreign institutions. The Hang Seng Index rose 34.27 to 2,877.87 and the Hong Kong index 22.85 to 1,841.20. Turnover soared to HK$l.5 billion. Brokers said blue chips were in demand from US and British institutions,385 words
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Article234 1987-02-28 7 ff NT if. 29.90 0.4 All Sincere Indus Asia Cement Cathay Cona Chang Hwa Bank Chang Loong Chia Main Cement... Chin Hain Flour China Cham 2.40 34.00 .44.50 53.00 32 30 .32.10 14.75 26.70 -0 06 0.6 1.4 unch 0.0 0.5 0.7 0.4 0.8 0.4 0.2 0.15 0.4 unch234 words
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Article399 1987-02-28 7 TOKYO: Shares closed slightly lower yesterday in busy trade on profit-taking over concern about high prices, brokers said. The market average lost 32.24 to 20,421.66. Declines led advances nearly two to one in turnover of 1.1 billion shares. "The tightening of margin trading restrictions caused the early sell-off," one399 words
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Article87 1987-02-28 7 FEB 27 P <N« Marataal Ortantal B 0002 unch 0.03 0 001 Aco|« Mining Anglo Phil I. Phil Ovoraoaa 0 0660 0 0025 Phllax B 0.41 -001 Apax Mining B Atlaa Con. B om ti unch Plcop B PLOT. 285 5 Bagulo QoM 0 0006 unch Boalc Patrotawn. 001587 words
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Article425 1987-02-28 7 SYDNEY: Australian share markets closed sharply higher yesterday at record levels as strong buying of blue chip industrial stocks pushed the market upward. "It's the most irrational market I've seen in 15 years," one broker said. "The market just took heart from strong gains in BHP and News Corp."425 words
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Article117 1987-02-28 7 FEB 27 WON Kal 1370 ***** 8 320 Ctwil Sugar 2718 Kia Motor 1839 1 961 Koton Ind 3820 20 Oimoo Corp Oaaswo Haavy 1011 1290 20 Koraa Long Torm. Lucky LM ....9080 1500 90 Daisftin Sscurrttsa Dong At) Phar Dong Suh Slock. Oongtou Slasl Goto Star 3630 *****117 words
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Article152 1987-02-28 7 Reuter BANGKOK: The Stock Exchange of Thailand Index moved up 0.47 to 208.79 on a turnover of 987,671 shares worth 166.5 million baht. FEB «7 1 A© Kham Thai IAHT Sana Union Siam Camant Siam City .170 •07 1 unch Ayudhya Invaatmant Bangkok Agro-ind 254 70 50 4 -0.5Reuter - 152 words
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Article82 1987-02-28 7 Reuter FIRST PACIFIC International Ltd of Hongkong said its Dutch unit, Hagemeyer NV, acquired full ownership of HK trading company Morison, Son and Jones Ltd, a former subsidiary of the ITM group of Luxemburg. MSJ represents several manufacturers of cosmetics and other household items. From April 1987,Reuter - 82 words
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312 1987-02-28 7 Third Japanese bank to follow the trend THE SINGAPORE branch of Sanwa Bank has become the third Japanese bank here to launch floating rate certificates of deposit (FRCD) denominated in Australian dollars. Its As3o million FRCD issue, which was simultaneously launched in Singapore and312 words
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151 1987-02-28 7 Reuter SOUTH KOREA'S five biggest com* mercial banks will pay dividends of between 2 and 5 per oent for 1961, sharply lower than around 10 per cent paid by other firms listed on the Seoul stock market. Bank of Korea officials said. The fiveReuter - 151 words
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Article236 1987-02-28 7 Managers' prices for Feb 28 Mar 2 MARA-Bumiputra fir* B'putr* AM 401 Singapore Unit Trim S*cond B'putro TWd B'putra 5 39 4 22 544 427 Tk* Coiiirci IjO* 1.12 0.97 045 Four* B'putro 442 487 T h* Savings Fund S'por* frog fund 090 041 Fit* B'putro Sot* fputro236 words
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Article108 1987-02-28 7 HONGKONG All Industrials Hoftgfcong Index MOoy *****0 Friday ****** Thursday 2549.0 TW*Joy *****5 Week ago 2541.1 W eek 090 *****7 NEW YORK Hong Seng Index Hdoy *****7 Thursdoy *****0 Dow Jones Thursday *****8 W«k 000 2827.40 Wednesday *****4 Week ogo 2244.09* TOKYO Standard Poors NMwi Average Friday *****108 words
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Page 7 Advertisements
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Advertisement656 1987-02-28 7 Wltere id wiae, dlae and sateriata f* Sunday Brunch: A great family outing. If s a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings,656 words
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Advertisement169 1987-02-28 7 5 IRRESISTIBLE OFFERS! •40% OFF •II Premium brands and bottle rates Buy one drink and get one FREE Extended Happy Hour 12 noon Bpm Entertainment by 2 top bends nightly (6pm 2am*) Vmocnons A popular show band from the Philippines ftlfwaoora'a (MuVtd Singapore a M rftoat popular band c JJC4ii£4HVUI169 words
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FEATURES
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Article520 1987-02-28 8 IN DECEMBER last year, novelist Deng Youmei, speaking for the Chinese Writers' Association, made a very curious statement. The Chinese, he said, nowadays paid less attention to literature than in former ysars and this was a good sign. The context, of course, explained what Deng really520 words
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Article, Illustration1224 1987-02-28 8 BILL LOHMANN - By BILL LOHMANN UPI THE CUTE LITTLE buggers come with affectionate nicknames like deathballs, gut grenades, greasebombs and sliders. Some even come with cheese. These are not weapons at least not in the conventional sense. They are itsy-bitsy bite-size hamburgers that feature some of theUPI - 1,224 words
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Article79 1987-02-28 8 M Goel - M Goel Dear Sir, I want to drop note to say what a good idea it is to introduce the investment section of your Executive Lifestyle on Saturdays and that I enjoy reading the articles. Since your introduction of the investment section of your Executive79 words
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269 1987-02-28 8 Sergey Y Petiyakov - Letters to the Editor Sergey Y Petiyakov flicond BitftUi y Embassy of *m USSR Dew Sir, I refer to the BT report dated Feb 24 on the British envoy Sir Hamilton Whyte's speech at a Rotary Club luncheon. Sir Hamilton states that269 words
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Page 8 Advertisements
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Advertisement206 1987-02-28 8 BT wticomM letters from rMdtrt. Your letters must indudo your signature, full name, address, and home and office telephone numbers, if any. You may add a pseudonym, if you wish. Address your letters to: The Editor. Business Times, 390, Kim Seng Roed, Singapore 0923. i Rsl m Wri Sffci w206 words
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Page 8 Miscellaneous
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Miscellaneous786 1987-02-28 8 CRYPTIC PUZZLE ACROSS 9 Land a wee bit lower 4) 10 I had gone round so late and on my own (8) 12 The boy's having a ball, too (4) 13 Because the rent may be behind (6) 14 In an awful convict settlement (7) 15 Make it understood and786 words
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Executive Lifestyle
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Article490 1987-02-28 9 A MONOPOLY CONTEST run jointly by BT's Executive Lifestyle and Waddingtons International several weeks ago, attracted the attention of at least one property developer. The aim of the contest was to produce a Singapore version of the game but the developers of Yong An Park have490 words
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Article356 1987-02-28 9 TRENDS UPI REMEMBER Superman and Wonder Woman? Aqua man and the Flesh? Belly and Veronica? Those staples of childhood reading are making a comeback, and some are snfoylng a new look. Graphic novels comics with longer, more complex storylines and more fully developed characters, InUPI - 356 words
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Article691 1987-02-28 9 ASAD LATIF - T/vU/^ With ASAD LATIF BT has a tradition of choosing a member of the staff as Mr or Ms Valentine each year. If it is to be a man, the girls vote; if a girl, the men do. This year's Valentine is Asad Latif. And this691 words
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Article, Illustration1013 1987-02-28 9 WALTON MORAIS - By WALTON MORAIS STANLEY GOH is what you may call a real down-to-earth guy. His face is brown from spending hours in the sun, practising his trade. He is, you see, a contractor by profession. But he doesn't wear flashy clothes, or flaunt expensive accessories.1,013 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration942 1987-02-28 10 MONICA GWEE - COLLECTING By MONICA GWEE "DON'T WASTE your time going up to Malacca," said the gruff Singapore antique dealer whose shop is a dark, addictive den of collectibles very wonderful to pick your way through. "The Malacca dealers, they come down to Singapore to buy," he said.942 words
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Article, Illustration827 1987-02-28 10 THE FOOD TEAM - FOOD By THE FOOD TEAM THE TROUBLE with being a millionaire. a millionaire once said, is forgetting what a real treat is like because you can afford to buy one anytime you feel like it. Among non-millionaires, real treats are those occasional rewards in827 words
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Article472 1987-02-28 10 THERE'S macho more to armwrestling than just meeting the eye of the opponent, according to the rules set out by ABC Extra Stout for its forthcoming competition. Among the 19 rules that the stout-brained or hearted will have to observe are guidelines on keeping a fine balance and472 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration1200 1987-02-28 11 SHAUN KOH - MUSIC By SHAUN KOH HE OFTEN WORKS while others sleep. For music theory teacher Lim Chin Tiong, music composition is a labour of love, carefully nurtured since he was nine years old. Since then, he has weathered all the difficulties faced by aspiring composers.1,200 words
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Article1191 1987-02-28 11 CINEMA: Never Too Young To Dlo starring John Stamos, Vanity and Gene Simmons. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Deadly Frlond starring Matthew Laborteaux, Kristy Swanson and Michael Sharrett. Showing at Capitol: 11; 1.45; 4; 6.30; 9.15, Changi: 11; 1.15; 3.30; 7; 9.15. The Golden Child. starring1,191 words
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Article, Illustration885 1987-02-28 11 RICHARD SEAH - HEALTH By RICHARD SEAH COUNTING CALORIES may be harmful to health. True, the way to a slimmer and healthier body is by restricting calorie intake and by exercising to burn up excess calories. But while high-calorie foods are generally unhealthy and healthy foods tend885 words
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Article, Illustration526 1987-02-28 11 CONTEST RESULTS SINGAPORE is an incredibly small place a truism that the judging panel of Executive Lifestyle's Singapore-Monopoly contest confirmed with renewed clarity. Faced with the task of determining the most popular choices for the local equivalents of famous London areas like Piccadilly, Trafalgar Square and Park526 words
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500 1987-02-28 11 EXECUTIVE LIFESTYLE is also pleased to announce the winner of our "Best of the Best" contest. Readers were invited to challenge the pick of the crop among the world's best worldly offerings presented in Courvoisier's Book of the Best, which was reviewed500 words
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Executive Lifestyle: Sports
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Article, Illustration685 1987-02-28 12 BRIAN MILLER - GOLF By BRIAN MILLER ANYTHING can happen. It's still anybody's game. So says Janet Soulsby who, after yesterday's second round, holds a slim onestroke lead in the Kosaido Asahi Asia Ladies professional golf championship at Tanah Merah. Soulsby, a dark horse in the685 words
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503 1987-02-28 12 BRIAN GOMEZ - BADMINTON By BRIAN GOMEZ IT IS A rare day on which a sporting star is born. And badminton fans had the privilege of witnessing such a blossoming at the recent Konica Cup. Although she had won the 1985 Southeast Asia Games gold medal,503 words
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159 1987-02-28 12 AFP WORLD number one Morten Frost has been given a tough draw in the All England Badminton Championships in London next month. The brilliant Dane, who will be bidding for his fourth men's singles title in five years between March 11AFP - 159 words
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Article, Illustration1113 1987-02-28 12 MIKE THUMBA - BRIDGE By MIKE THUMBA Contract Bridge For Beginners Lesson Ons: An Introduction CONTRACT BRIDGE is "the most entertaining game that the art of man has ever devised", said Somerset Maugham. It is an intellectual pastime requiring no stake and is mainly a1,113 words
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295 1987-02-28 12 MOTOR RACING Reuter FRENCH motor racing driver Jacques Laffite, badly injured in a crash last July, has been advised by his doctor to postpone a return to Formula One and will have another operation next week Laffite, 43, the doyen of Formula One, saw ProfessorReuter - 295 words
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188 1987-02-28 12 BOXING Reuter MICHAEL SPINKS was stripped of his International Boxing Federation (IBF) heavyweight title on Thursday for failing to make a mandatory defence of his crown against fellow American Tony Tucker. IBF president Robert Lee said the seven-member IBF championship committeeReuter - 188 words
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Article547 1987-02-28 12 Brian Miller - on j&B TMCK i with Brian Millar with Brian Miller RON BURGESS, obviously peeved at having his six-month riding permit only recently cancelled by the Malayan Racing Association, could pick up a consoling bonus when he partners Mister Hush in Race 6 the day's547 words
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Article, Illustration553 1987-02-28 12 WALTON MORAIS - TENNIS By WALTON MORAIS THE STORIES of the day were that Lela Zainal redeemed herself, Fiona Tan came of age and the Pakistanis dominated the boys' section of the Marina Square Singapore International Junior Tennis championships yesterday. Lels and Fions had special553 words
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Executive Lifestyle: Personal Investment
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202 1987-02-28 13 Crystal m palm HK Corporate results Date of results Estimated net Estimated net last year attributable attributable profits profits, the SCNFE view The spread of "market" views Group A: Final RmuHs Ynt to Docombor 31st, 1906 (HKIm) (HK$m) Cathay Pacific Airways 26/3 1008 1100 1150 Cheung Kong (Holdings) 3/4 1030202 words
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682 1987-02-28 13 Ramesh Chandiramani - mm By Ramesh Chandiramani ANALYSTS in Hongkong await with bated breath the release of company results during the main reporting period starting next month. This column profiles the anticipated performances of the "majors", as predicted by leading securities firms in the colony. If682 words
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Article, Illustration1074 1987-02-28 13 RAMESH CHANDIRAMANI - INSURANCE By RAMESH CHANDIRAMANI PERSONAL INVESTMENT is more than just spotting winning trades in the stock, bond, currency or commodity markets. It is also about identifying potential opportunities that enable the individual not only to enhance, but also to protect his income. It is1,074 words
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Article, Illustration527 1987-02-28 13 RC ALL THOSE INVESTORS who are nervous sbout getting into the local stock market now that it has climbed to such lofty levels should take heart it is very likely to continue moving much higher and at least through until 1988. That sentiment underscores theRC - 527 words
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Article, Illustration464 1987-02-28 13 R C - fHA R T P li| T tnMn I r 111 I By R C THE ONE FEATURE which stood out during this week's trading was the switch in investor attention from the sharplyrisen blue-chip issues to the lagging Malaysian lower liners and speculative464 words
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162 1987-02-28 13 A POINT of clarification is necessary on our Jan 24, investment story headlined: "Instant profit in DBS loan stock". The company registrars, Barbinder Co Pte, have pointed out "that an investor who has purchased loan stock must first register the loan stock in162 words
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Article496 1987-02-28 13 Ruth Corb - ART By Ruth Corb cies. By Ruth Cort, Sothmby"» r—march ttmpsi tnwnt THE LATEST WEEK under review in the art market was again characterised by a relatively large number of sales, but few of them were of sufficient importance to affect Sotheby's Index. In London,496 words
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433 1987-02-28 13 NYT THE LURE of investing in Asia has helped to send shares of two closed-end, single-country funds the Korea Fund and Taiwan Fund to record highs. On the NYSE last week, Korea Fund jumped USslo* to USssB*, while on the AmericanNYT - 433 words
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Page 9 Advertisements
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Advertisement69 1987-02-28 9 The Hour Glass Singapore's premier watch boutique with the largest range erf watches in 5 convenient locations When you shop at The Hour Glass you shop with confidence. You're assured of the absolute authenticity of every timepiece you buy, of professional advice, competitive prices, international guarantees and after-sales care. ij69 words
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Page 10 Miscellaneous
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Miscellaneous2553 1987-02-28 10 suns 10 WATCH Women in love and jeopardy TODAY: A proposed pleasant evening turns into a nightmare when a couple's lives are put in Final Jeopardy (4.25 pm, Channel 5). Richard Thomas and Mary Crosby play the couple who visit Detroit on business but find themselves stranded when their rented2,553 words
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Page 13 Advertisements
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Advertisement27 1987-02-28 13 BT welcomes investment Ideas end viewpoints from brokers, bankers and readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Roed, Singapore 0923.27 words
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SHARE INFORMATION
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Article, Illustration4254 1987-02-28 14 SHARE PRICES rose slightly on selective buying yesterday, taking the Straits Times Industrial Index marginally higher by 1.25 points to 1,066.02. The BT Composite Index edged up 0.11 point to 942.02. Total volume for the day was 50.9 million shares worth $105.7 million. Gainers4,254 words
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Article264 1987-02-28 14 SINGAPORE Rises Indicss Fab 26 Fab 27 MotMhlto 6so 50 H Ciwpnki 941.91 ***** Tranatt Mines 500 32 •TMcaMr ******41 *****474 G I Ufa 1970 30 IT Ot/OS 256 227 Sanyo 1*5 25 it cadi •6233 •621S joi 300 20 •TOOV *****1 *****3 S* «Wa M 21C264 words
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Article4233 1987-02-28 14 810 and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All' Time Settlement Contracts are quoted after the word "SETT".4,233 words
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Page 14 Advertisements
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Advertisement10 1987-02-28 14 KL market report, Business done on the KLSE, Page 1510 words
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COMPANY NEWS
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337 1987-02-28 15 Bernama PAPER PRODUCTS (M) Bhd has applied for re-listing of its shares on both the Kuala Lumpur Stock Exchange (KLSE) and the Stock Exchange of Singapore (SES), after confirming that receivership on the company has been lifted. The company confirmed in aBernama - 337 words
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142 1987-02-28 15 THE POWERFUL Kuwait Investment Office has again increased its stake in plantation-based Sime Darby Bhd. On behalf of the Londonbased investment institution, Malayan Banking Bhd announced that the KIO had raised its vested interest in Sime Darby to 52.9 million shares or142 words
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Article2731 1987-02-28 15 BID and offer prices officially listed and I—hie— in and reported to the Kuala Lumpur Stock Exchange yesterd*./, with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Acmo *****) AJhomoto (3246 3305) O) 330 (1) 3242,731 words
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Article720 1987-02-28 15 LONDON equities showed an easier bias in early trading yesterday after Thursday afternoon's sell-off and in the wake of the 10-point fall on Wall Street overnight, dealers said. ICI, whose figures triggered the sell-off on Thursday, stood 14p down at 1,415, while recently firm Glaxo shed 12p to720 words
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Article124 1987-02-28 15 THE NEW STRAITS TIMES Press (Malaysia) Barhad: 15th AQM in the Thaatratta. Balai Barita, 31 Jalan Riong, ***** Kuala Lumpur, today at 11am. PERUS PLANTATIONS Barhad: 18th AGM at 19th Floor, Wisma Jernah, 38 Jalan Sultan Ismail, ***** Kuala Lumpur, on Monday, March 2, at 10.1Sam. KUALA LUMPUR124 words
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Article, Illustration581 1987-02-28 15 MBT UNICO HOLDINGS, the investment arm of the Chinese Chambers of Commerce and Industry, is rumoured to be eyeing a stake in Kuala Lumpur Industries Bhd in its search for a listed vehicle. Sources in Kuala Lumpur say Unico isMBT - 581 words
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Article283 1987-02-28 15 SHARE PRICES finished selectively higher on the Kuala Lumpur stock market in spite of softer trading in the afternoon. Most blue chips were neglected while some second and lower liners were actively sought. For the fifth consecutive day, MISC led the most active list283 words
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281 1987-02-28 15 Bernama FOUR PUBLICY-LISTED companies in the financially troubled Multi-Pur-pose Holdings Bhd (MPHB) stable underwent board changes effective yesterday. Malaysian Plantations said Chan Hua Eng, Oh Bak Kim and Soon Pee Tek have been appointed directors following the resignations of Datuk Oon Seng Lee (chairman),Bernama - 281 words
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Page 15 Advertisements
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Advertisement405 1987-02-28 15 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF TERRABCIENCES (FAR EAST) PTE. LTD. (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act (Chapter 185) that the Final Meeting of the Members of the abovenamed company will be405 words
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Advertisement498 1987-02-28 15 rk THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of the members of the Company will be held in* the Theatrette of the Company, Balai Berita, 31. Jalan Riong. ***** Kuala Lumpur on 19th498 words
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609 1987-02-28 16 GOH YEE LING - By GOH YEE LING SINGAPORE HAS enormous potential to become a major publishing centre, in the view of several foreign publishers and media consultants. But first, a public relations effort is needed to tell international publishers about the benefits of locating their operations in609 words
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171 1987-02-28 16 DARYL ARNOLD, an agricultural expert, has been appointed US Ambassador to Singapore by President Ronald Reagan. Mr Arnold will take over from J Stapleton Roy, who has been promoted to Deputy Assistant Secretary of State for East Asian and Pacific Affairs. Mr Roy left for171 words
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Article977 1987-02-28 16 AT CONVENTIONAL WHARVES *1® 22S2S S222S Mekar Indah M2A 28 02/0830 01.03/2000 VmmI Bar* Arrival Departure SEMBAWANQ KEPPEL WHARVES Pan Riser S3 olongside 01.03/2359 Barber Nora K09 alongside 01.03/0100 Clover Trust S5 alongside 02.03/2300 Giso Maru 8 K20 olongside 28.02/1100 Standard II S4 alongside 01.03/0630 Globe Troder977 words
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189 1987-02-28 16 AFTER about two years as Leader of the House. Mr S Dhanabalan is handing the job over to Mr Wong Kan Seng, the Community Development Minister and Second Foreign Minister. Mr Wong's appointment by Prime Minister Lee Kuan Yew was announced189 words
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Article, Illustration380 1987-02-28 16 JEFFREY TSANG - By JEFFREY TSANG THE CIVIL SERVICE will restructure its staff appraisal system within the next six months to take into account participation in work improvement teams (Wits). Statutory boards are also expected to take the cue from the civil service380 words
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Article124 1987-02-28 16 THE ADVISORY COUNCIL on Community Relations in Defence (Accord) haa provided Mindef with a vital link to members of the public, the Second Minister for Defence (Policy), Dr Yeo Ning Hong, says. At a tea reception to introduce six new council members yesterday, Dr Yeo124 words
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141 1987-02-28 16 THE Central Provident Fund Board will compound offences involving late payment from next month to save defaulting employers the trouble of going to court to pay their fines. Currently, the board summons defaulting employers to court if they fail to pay up their141 words
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Article43 1987-02-28 16 THE MINISTER for Finance. Dr Richard Hu, has appointed Mr Chao Hick Tin and Dr Wang Kai Yuen as members of the board of directors of the Post Office Savings Bank of Singapore from Feb 16. 1967, to March 31. 1966.43 words
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Article118 1987-02-28 16 Bernama THE YOUTH WING of the United Malays National Organisation yesterday hit out at the London-based The Economist for discrediting Malaysia by creating a picture that the country no longer had any economic potential and had many pitfalls. Umno Youth deputy head Datuk SeriBernama - 118 words
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289 1987-02-28 16 THE ASIAN Wall Street Journal has rejected the government s offer to subsidise a special edition of its paper. Mr Fred Zimmerman, the editor and publisher of the AWSJ, said in a letter to the Ministry of Communications Information (MCI) yesterday that it was not289 words
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372 1987-02-28 16 SINGAPOREANS are hardworking, but not as hardworking as South Koraans, Taiwanese, or Hongkong workers. Singaporeans generally lack initiative. These were the observations a foreign ambassador offered First Deputy Prime Minister Goh Chok Tong during a farewell visit. Mr Goh recounted the372 words
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Article85 1987-02-28 16 Reuter COMEX GOLD FUTURES shadowed the dollar's fluctuations in thin morning business yesterday, with background support generated by news of a larger-than-ex-pected rise in US consumer prices in January. Gold for delivery in April hovered at Thursday night's close of U*****.50 an ounce after making aReuter - 85 words
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Article82 1987-02-28 16 WALL STREET stocks inched higher in cautious trading yesterday. A widening to US$l4.B billion in the January trade deficit and a rise to 0.7 per cent in the consumer price index were inhibiting factors. On Thursday, a report of a big fall in January durable goods orders82 words
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LATE FILE
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Article38 1987-02-28 16 Reuter THE US MONTHLY trad* deficit rose to US$l4.B billion in January. The Commerce Department yesterday also revised the December deficit to US$l2.7 billion from an original estimate of US$lO.7 billion. ReuterReuter - 38 words
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Article39 1987-02-28 16 UPI JAPAN'S current account surplus more than doubled in January from the same month a year ago to U554.95 billion, but before seasonal adjustments showed a decline from December, the Finance Ministry said yesterday. UPIUPI - 39 words
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Article60 1987-02-28 16 Reuter WEST GERMANY yesterday announced figures showing a sharp drop last month in its trade surplus with the rest of the world from record levels late last year. The Federal Statistics Office said that the January surplus had fallen to 7.2 billion marks (US$3.9 billion) fromReuter - 60 words
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Article39 1987-02-28 16 Reuter AUSTRALIAN domestic demand is now expected to make no contribution to economic growth in fiscal 1966/87, ending June 30, while net exports will account for all of the overall increase, Treaaurer Paul Keating said yesterday.Reuter - 39 words
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Article38 1987-02-28 16 UPI OIL PRICES bounced back on world markets yesterday and held above the US$l6-a-bar-rel mark in a temporary reprieve from the six-week slide that has jeopardised Opec's December agreement to stabilise oil prices. UPIUPI - 38 words
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Article45 1987-02-28 16 Reuter INDONESIA is politically stable and no major disturbances are likely ahead of general elections on April 23, according to an official security assessment Around 60 people died during the runup to polling in 1962 in street accidents and election-relat-ed violence. ReuterReuter - 45 words
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Article58 1987-02-28 16 Reuter A PHILIPPINE government Inquiry commission yesterday recommended the prosecution of policemen photographed firing their guns during a clash with demonstrators last month in which 15 people were killed and 100 wounded. It also said that Jaime Tadeo, who led thousands of peasants in the protestReuter - 58 words
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Page 16 Advertisements
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Advertisement253 1987-02-28 16 BONVESTS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Announcement PROPOSED RIGHTS ISSUE ("RIGHTS ISSUE 1 OF 3M77.437 NEW ORDINARY SHARES OF $0.50 EACH fNEW SHARES') IN BONVESTS HOLDINGS LIMITED fBONVESTS' OR 'COMPANY') 1. Approval The Board of Directors of Bonvests is pleased to announce that approval in principle for253 words
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Page 16 Miscellaneous
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Miscellaneous27 1987-02-28 16 uMMKSII ...< .11 IJ n sport lor 25 hours 7.30pm on Fob 27 at port Maximum tomooraturo 32.5 24 86 7.70 0.0 Hours of sunthlo# Rainfall In mllllma27 words
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