The Business Times, 28 March 1987

Microfilm: NL15755
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, Much 28-28,1887 75 CENTS
    12 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    200 1 Eachangi raigg THE S$ closed weaker at S$2.1415/25 ($2.1400/10) against the US$ in the forex market yesterday. It fell to S$3.4317/54 ($3.4229/86) against the C. The local unit also lost ground against the M$, HK$, DM and yen. US*. 148.85/95 yon, 1.8240/50 DM, SS2.1415/25 M$t S$0.8490/85 SklMX
    200 words
  • Article, Illustration
    Lock icon Tan Koon Swan tenders resignation as MP for Gopeng
    289 1 Bernama FORMER MCA President Tan Koon Swan has tendered his resignation as Member of Parliament for Gopeng with effect from April 3. MCA President Detuk Dr Ling Liong Sik said yesterday Tan's letter dated March 5, was sent to the party,
    Bernama  -  289 words
  • Article
    Malayan Banking's local office offers a golden handshake
    533 1  -  By AMY BALAN A "GOLDEN HANDSHAKE" scheme, Mid to be the most comprehensive of its kind, has been initiated by the local office of Malayan Banking Berhad (Msybank). The early retirement plan, offered at the request of its staff, is slso simed
    533 words
  • Article, Illustration
    Ch'ng Poh to take up 44pc stake in Emporium
    494 1  -  HK-based company Wescorp to pay off creditors By ELAINE KOH EMPORIUM HOLDINGS has finally found an investor to take up 44 per cent of the retail group after entertaining a string of suitors in the past few months. Mr Ch'ng Poh.
    494 words
  • Article
    OCBC and UOB show modest improvement
    101 1 TWO OF THE Big Four banks, Oversea-Chinese Banking Corp and United Overseas Bank, have showed modest improvements in profitability thanks to improved performance in the second half of last year. For the year ended Dec 31 1906, group net attributable profits for UOB grew
    101 words
  • Article, Illustration
    Late buying shores up market
    142 1 LATE AFTERNOON BUYING brought share prices above the day's low yesterday in the Singapore stockmarket. The market cloeed mixed after a day of moderate trading. The BT Composite Index eased 4.74 points to 947.14 and the Straits Times Industrial Index closed 2.12 points lower at
    142 words
  • Article
    Lock icon Dollar dives against the yen
    136 1 Reuter THE DOLLAR nosedived again on the foreign exchanges yesterday to new post-war lows against the yen as trade tensions boiled between the US and Japan. In early European trading, the dollar fell to 147.8 yen, the lowest it has been since World War Two,
    Reuter  -  136 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      228 1 Mikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM OUR VIEW THE RELATIONSHIP BETWEEN ROMANCE and employment can be very complicated. A recent case involving a Coco-Cola employee attests to the difficulties in deciding how ihe relationship should be viewed. But, then, the business of love is never smooth. History and literature ore
      228 words
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      Page 1 Advertisements Column 2
      0 1 |="})-;_[[:"|`?'?&?\\)>%_".}_}'
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      Page 1 Advertisements Column 3
      220 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTBU Taking a fat chance Page 9 PimiH Titdi A parking offender goes to court Page The positive side to falling ill Page 10 TV programmes for today and tomorrow Page 10 Ms to Watt Coward, Crosby and a droll Drac Page 10 A non-musical
      220 words
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  • HOME NEWS
    • Article
      Apple set to make a dramatic come-back
      505 2  -  Desktop publishing expected to triple sales By JEFFREY TSANG APPLE COMPUTER is all set to make a dramatic come-back in the local market. But unlike a decade ago when Apple home computers were the rage, the new wave on which the company will
      505 words
    • Article
      HDB to use more precast materials
      195 2 THE HOUSING and Development Board will increase the use of precast components to increase the quality and speed of construction. Nearly six years after the Board first introduced use of pre-fabricated and precast building components, about 15 per cent to 20 per cent of
      195 words
    • Article, Illustration
      Topping out a 'granite tower'
      292 2 THE $80 million "78 Shenton Way" building, on the fringe of the central business district, was topped out yesterday. But motorists using Keppel Road can have access to the building without entering the CBD. The building, owned by Malayan Credit Land Re Ltd, will be
      292 words
    • Article
      Exhibition of bird paintings at Oriental Hotel
      236 2 BIRDS OF A FEATHER flocked together. An exhibition of 87 colour paintings by naturalist and artist Frank Jarvis from the book Birds of Singapore was opened last night at the Oriental Hotel. This is the first fully illustrated book on ornithology in Singapore.
      236 words
    • Article
      Using computers to design link mechanisms
      152 2 A SEMINAR on the use of the latest computer-aided technology in the design of link mechanisms was held yesterday at the Singapore Polytechnic. Called 'Designs of Link Mechanisms Using CAD/CAM Techniques', the seminar organised by the Singapore Polytechnic was aimed at providing industry with
      152 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      344 2 WILLIAM YEOH OON SIEW has been appointed marketing director, Asia-Pacific region, Global Payment Products Division of Citicorp. Mr Yeoh, who was formerly marketing manager, will now be responsible for the marketing of Citicorp's Travellers Cheques, Visa Travellers Cheques and new product development such as electronic fund transfer.
      344 words
    • Article
      President Wee urges on the private sector
      236 2 THE PRIVATE SECTOR should seize available opportunities now that the government has created a conducive climate for business. President Wee Kim Wee told a dinner commemorating the 150 th anniversary of the Singapore International Chamber of Commerce (SICC), last night: "It is now
      236 words
    • Article
      Four foreign companies make technology transfer a reality
      167 2 FOUR foreign companies have successfully transferred high technology to their Singapore factories. Mr Ng Pock Too, deputy director of the National Trades Union Congress, said yesterday that their technology had been introduced in phases. And their workers were adequately prepared in advance,
      167 words
    • Article
      New World report out today
      223 2 EXPERTS ON CONCRETE seem to possess some sixth sense. They have choeen next week to convene en international conference on structural failure. Coincidentally, the report on the Commission of Inquiry into the Collapse of the Hotel New World will be releaaed today, while the two-day
      223 words
    • Article
      Kim San stays as PSA head
      96 2 MR LIM KIM SAN has been appointed chairman of the Port of Singapore Authority for another year, starting April 1. Four other persons have also been appointed to the board, but for twoyear terms from April, according to the latest government gazette last night.
      96 words
    • Article
      Women and factories
      63 2 TWO LABOUR industry experts will explore whether women factory workers in Singapore are exploited at the next monthly forum of the Association of Women for Action and Research (AWARE) on April 2. An NUS researcher, Ms Chung Yuen Kay, and Ms Nancy Teo, secretary of the NTUC
      63 words
    • Article
      SHIPS IN PORT
      950 2 AT CONVENTIONAL WHARVES VMM KEPPEL WHARVES Berth i Arrival Jinfeng K32 alongside 31.03/0600 Golden Odyssey K36 alongside 29.03/1500 Golden Wonder K33 alongside 30.03/2300 Hua Woh K21 alongside 29.03/2300 Kakas K20 alongside 30.03/0600 Mount Saban KI5 alongside 29 03/2300 Br in ton lyke K35 alongside 28.03/0600 Builder III
      950 words
    • Article, Illustration
      Maybank's golden handshake
      35 2 MAYBANK's tarty retirement oiler wee made In response to requests from soms employees. But It stso contains mm n to wiio migni km moqi on eccopang «1.. i«—«-»— if i® goioen nanowNiKe
      35 words
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  • OVERSEAS
    • Article
      Lock icon Japan concerned over US trade bill
      204 3 AFP JAPAN is gravely concerned over a US trade bill aimed at retaliating against Japan and other countries for alleged unfair trade practices, officials said in Tokyo on Thursday. Trade relations between Japan and the US have reached "their worst point" in the post
      AFP  -  204 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      880 3 ARRIVALS Operator Sorvic* Local From number tfcn* MAS MH601 0005 KUl OA OA471 0015 ATH UA UA805 0100 SFO/HKG StA SQlt 0125 LAX/NRT CAL CT333 0405 TPE StA SQ41 0615 MAA sv SV398 0710 JED/RUH MAS MH681 0620 KUl StA SQ4I1 0635 80M cv CV796 0645 LUX/OXB
      880 words
    • Article
      Lock icon Congressional leader says trade laws will help unleash US ingenuity
      433 3 UPI SWEEPING trade legislation headed towards the full House of Representatives will open world markets to the US and unleash a new wave of American ingenuity, a congressional leader said on Thursday. "We want the markets of Japan, of Thailand,
      UPI  -  433 words
    • Article
      Lock icon Tokyo and Bonn not doing their all, says US
      213 3 AP A SPOKESMAN for President Reagan's administration told Congress on Thursday that Japan and West Germany were not yet carrying out their full responsibilities in the world economy. The administration wants them to consume more at home so as to become
      AP  -  213 words
    • Article, Illustration
      Lock icon Thatcher threatens to use trade sanctions against Japan
      424 3 Reuter BRITISH Prime Minister Margaret Thatcher on Thursday issued a thinlyveiled threat of trade sanctions against Japan unless it opened up its domestic market. Thatcher told Parliament that she regarded an application by the British electronics company Cable and Wireless to invest
      Reuter  -  424 words
    • Article
      Lock icon Laughter comes inflated in the US
      174 3 Reuter THE COST of getting a laugh is rising about four times faster than the overall US cost of living, according to a humour consultant. The wholesale price of rubber chickens rose US$4.2O per dozen in the past year and a single issue of
      Reuter  -  174 words
    • Article
      Lock icon How oil will transform PNG
      118 3 AFP PAPUA NEW GUINEAS economy will undergo a tremendous transformation as the country becomes the leading oil exporter in South-east Asia in the next decade, according to an oil industry analyst. Fereidun Fersharaki, a former adviser to the Shah of Iran and now a Hawai-ian-based
      AFP  -  118 words
    • Article
      Lock icon World trade passes US$2 trillion mark
      774 3 Gatt reports 3.5pc rise in volume of goods traded UPI WORLD TRADE topped US$2 trillion for the first time in 1966 because of the fall in value of the American currency. According to the General Agreement on Tariffs Trade (Gatt) yesterday, more significant was
      UPI  -  774 words
    • Article
      Lock icon Gorbachev gets good marks for economic management
      644 3 AP THE Soviet economy performed far better in the first full year under Mikhail Gorbachev's leadership than it has for a decade, according to a US intelligence analysis released on Thursday. However, Gorbachev's hopes for continued improvement could be sidetracked by internal opposition
      AP  -  644 words
    • Article, Illustration
      Rajiv no longer pulls in the votes
      695 3 IT HAS NOT been a good week for Indian Prime Minister Rajiv Gandhi. Assembly elections in three states produced two thumping defeats for his Congress Party and one consolation victory, but only on the coat-tails of a more popular coalition partner. Nine opposition
      695 words
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      Page 3 Advertisements Column 1
      48 3 T""V /II 7" The business person's choice. I 1% every Tuesday, Saturciay and I I I Sunday. Leaving Changi Airport at 1 y. V i I 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canada at *****55. Effective thru 30 April 1987.
      48 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      63 3 BY GARRY TRUDEAU GOOQ EVENING, FOR FOUR MONTHS NOV, WASHINGTON HASBBBN HEKJZWWTHE. PR&IPeNVS EFFORTS TO REMEMdER HIS RDLB IN THB IRANIAN AFFAIR. CAN-M&e MBMORJBS EVBR BBRBTRIBVBPT DO THE* IN FACT EXIST? FOLLOW ALONG AGUBTpy TO BRING 'EM BACK ALIVE !N~ 'ft M t m r r < r-1 I CT;
      63 words
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  • RAW MATERIAL
    • Article
      Lock icon LONDON MARKETS
      902 4 Reuter COFFEE ROBUST A coffee futures on Thursday ended the day £8 to £19 a tonne easier, following some light trade and commission house selling during the afternoon session, dealers said. Near May last traded at £1,277 a tonne, £8 down on Wednesday night's close. It traded within
      Reuter  -  902 words
    • Article
      OIL & PRODUCTS
      88 4 OIL PRODUCTS PETROLEUM PRODUCTS in East Asia showed mixed reactions in a quiet market. Fuel oil talked slightly firmer. Gasoil and naphtha held steady. Jet was unchanged with a weaker undertone. Closing prices for crude (FOB origin) US$/barrel Change Dubai (May) 17.15 uneh WT1, West Texas Intermediate, (May) 18.63 0.08
      88 words
    • Article
      Produce exchange
      129 4 Chinese Produce Exchange Stlltn noon dosing pcictt Mordi 27 (S$/100 kg) i on Coconut oil M Foe 8400 OM drum KM 96.00 N«w drum FOt 100.00 Copra Mixed (IOOM) 48 Pepper FO# M.W 1160.00 POt foq NIW 1145.00 Soravah iptdol Mock FOt NLW 977JO Sarawak AM Mack FOt
      129 words
    • Article
      Lock icon SOYBEAN
      144 4 Reuter SOYBEAN FUTURES on Thursday ended a directionless day mostly lower on the Chicago Board of Trade, ranging from down 1-1/4 US cents per bushel in August to up 1/4 in January in light trade. May settled at U554.931/2. off 1.0 cent, after being held to a narrow 2-3/4
      Reuter  -  144 words
    • Article
      Lock icon RUBBER
      216 4 Reuter SINGAPORE THE MARKET yesterday closed slightly higher with April One RSS buyers quoted at 196.50 cents/kilo, up 0.25 cent from Thursday. On the TSR-20 market, trading was very quiet throughout the day and prices were hardly changed due to lack of interest. TSR-20 April and May closed at
      Reuter  -  216 words
    • Article
      PALM OIL
      207 4 MALAYSIAN crude palm oil prices yesterday closed slightly higher on light covering, aided by steadier palm oil futures, after a thin trading session, dealers said. Talk that India did not buy palm oil at its weekly vegetable oil import tender on Thursday due to low bids limited gains,
      207 words
    • Article
      Lock icon WHEAT
      177 4 Reuter WHEAT FUTURES on Thursday backed off steadily from aarly highs to close 1/2 US cent to 2-1/2 cents per bushel lower in light trade on the Chicago Board of Trade. May settled at US$2.B51/4 after posting a 3-3/4 cent range on the day. Overhead technical resistance around the
      Reuter  -  177 words
    • Article
      Lock icon KL Tin
      99 4 Reuter THE KUALA LUMPUR Hn price yesterday closed unchanged at Thursday's MSI t.61 per kilo In continued quiet trading, icfloctlnu the steadlneee on the European spot market on Thursday night In Vie abssncs of now developments, buyers wore wilting to take up only 42 tonnoa Initially at the
      Reuter  -  99 words
    • Article
      RICE
      61 4 Bangkok (USS/MWW, FOft) White Rice 100% l« dm 259 100% 2nd don 228 100% 3rd dots 223 5% 213 10% 200 '5% 203 20% 195 25% 190 35% 1S5 Broken Rice A-l Supw 146 A-1 SpiacM 143 C-1 Spwdol Loonzain Rice 100% 1* grod* unq 100% 2nd grade 222
      61 words
    • Article
      RAS and MRELB
      272 4 RAS prices osc WltaAa.FG In bate 8 NOON CLOSE Bvyon janan Iwyon M jaaa*» In* 1 ISS Prompt 198.00 1994XJN 197 JO 198 JON In* 1 RSS April 87 196^5 ***** 196 JO 1974)0 1nt 1 RSS May 193 JO 194.00 193.00 193JO In* 2 RSS Of
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    • Article
      SSR and SMR
      83 4 (oanti/kg, l-«Ofi poittl) APRIL 87 MAY 87 (currant month) (forwor d month)" NOON NOON RAS fcjygH S»l«ri bytn n SSI 30 149JO 171JON 169 JO 171 JON, SSR 50 164-50 169JON 164-50 169JON MRELB hnnn Sritari fc))|OT SM* CV 246.00 344.00N 247.00 349JON SMI I 344-50 246-50N
      83 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      982 4 J COMMERCIAL DISCOUNT COMPANY LIMITED (Incorporated In Singapore November 1974) BALANCE SHEET 31 DECEMBER 1986 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENOED 31 DECEMBER 1996 STATEMENT OF CHANGES IN FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 1906 SHARE CAPITAL (Note 2) REVENUE RESERVES General reserve necainea proms Total
      982 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Forex markets
      591 5 Reuter SINGAPORE: THE US DOLLAR yesterday closed lower against most major currencies on selling pressure despite intervention by the Bank of Japan in the morning. Dealers said trading was active and nervous in the morning and the dollar fell below the important 149 yen level around midday following
      Reuter  -  591 words
    • Article
      Simex
      596 5 GOOD RESPONSE to the US seven-year note auction and a stable US dollar in New York led the June Eurodollar to open three ticks better at 93.50. However, a softer US dollar in Asian times saw the June contract backing off from the opening level to 93.47 in cautious
      596 words
    • Article
      Treasury bills
      45 5 RESULTS OF TENDER held yesterday for 91-day bills to be issued from Mar 30 to April 3: Offered: $200,000,000 Applied for. $510,250,000 Allotted: $200,000,000 Accepted bids: $99.49 and about 53 per cent. Average rale of discount on allotment: 1.980 per cent per annum.
      45 words
    • Article
      Precious metals
      331 5 HONGKONG: GOLD yesterday cloeed firmer in hectic trading mainly on heavy ahortcovering towards the close. Dealers said gold was mainly supported by technical buying by local traders due to its resilience at the US$4lO an ounce level. The late weakneaa of the US dollar also triggered considerable interest
      331 words
    • Article, Illustration
      World interest rates
      166 5 Indicate* th* av*rag* ol th* prim* tending rate* of 12 m*H>r banks In Singapore Interbank market rataa (offer/bid) on March 27 US) DM SWFC Yan 7 4myt 9/1* 7/1* 10 1/» 9 7/» 37/1-3/4 12—11 3/4 JI/l-47/l 1 Mil 1/2 3/i 10 9 7/« 4-3 7/1 4
      166 words
    • Article
      Asian $ market
      267 5 Asian market ASIAN DOLLAR deposit rstes yesterday closed steady at opening levels in quiet pre-weekend trading. Short-dates weakened between 1/8 and 3/8 point at the outset as pressures from end-year book squaring by Japanese operators bsgan to unwind. Thereafter rates were little changed and weekend and Monday/Tuesday closed at 6-1/8
      267 words
    • Article
      Foreign Exchange
      279 5 Interbank rates at 3pm yesterdays CmnmIm MwntMl nlN tmrnmmftm M 09m •raw part* cfcango 1 ooal doNai rs to ono unit of foreign ourroncy: US dolar 2.1415 2.1425 ***** -244)5 SNrfcg pour d 3.4317 3.4354 7.3469 -53.29 Amlro>ow da Mot 1.4926 1*4954 3*4286 -56*47 NZ dolor 1.2068 1.2115
      279 words
    • Article
      Lock icon More US debt being traded in London
      740 5 Role as trading centre spurred by interest rate swaps Reuter LONDON'S rise as a trading centre for US government debt has been spurred by the increasing use of interest rate swaps, which are now arranged for most new issues in the Eurobond markets,
      Reuter  -  740 words
    • Article
      Lock icon Philippine negotiators enter second week of debt talks
      226 5 UPI A FINAL agreement between banks and the Philippines will include provisions for the swapping of debt for investment notes, but it is unlikely they will take the form originally propoeed by that nation, bankers said on Thursday. Philippine negotiators are in
      UPI  -  226 words
    • Article
      Lock icon Latin American debts — doubts over payment
      161 5 Latin American debts doubts over payment UPI US TAXPAYERS might not have to bail Latin Americana out of their debt crisis if present trends continue another few years, a Latin American expert said on Thursday. But Mr Frank Wiarda of the American Enterprise Institute warned that bankers and politicians were
      UPI  -  161 words
    • Article
      Money markets
      62 5 THE OVERNIGHT rate on the Singapore interbank market rose by 3/8 point to finish at 3-1/2 per cent yesterday. The term rates fell by 3/16 point across the board. S$ Interbank rates at 7pm yesterday: Offer M night 3 1/3 3 1/4 l«Mh 3 1/3 3 3/« 2-«on*
      62 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      275 5 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following:— 1986 The Bank The Group SS'OOOs SS'OOOs 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER, 1986 Net profit for the year after providing for taxation, diminution in value of assets and
      275 words
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  • INTERNATIONAL STOCKS
    • Article
      Lock icon BP bids record US$7.4b for Standard Oil
      320 6 AP BRITISH PETROLEUM announced a record US$7.4 billion bid on Thursday for Standard Oil Co. its US partner in Alaskan oil production. The bid easily surpassed the previous largest by a British company, £2.9 billion paid by the Hanson Trust conglomerate for the
      AP  -  320 words
    • Article
      Lock icon US govt sells its stake in Consolidated Rail
      174 6 AFP THE United States government on Thursday placed its 65 per cent stake in Consolidated Rail Corporation (Conrail) for sale on the New York Stock Exchange. The remaining 15 per cent has been offered to Conrail employees. Within two and a half
      AFP  -  174 words
    • Article
      Lock icon BP move sends Wall Street to new high
      390 6 Reuter WALL STREET climbed to a record as Britiah Petroleum'a propoaed US$7-billion bid for Standard Oil fuelled a market that rose on the strength of energy issues. But late profit-taking whittled down the advance that began with broad demand. The Dow Jones
      Reuter  -  390 words
    • Article
      Toronto
      77 6 1 wrl 1 1 IIIIIWB moo 2 1* kK Prov Pip* 4 u Intl 2 8 u 4 f. 1 f'i*n i RWMRHI 4ft OH -1 IX -ft 9 0* un ft eh t -1 rwa row Wo Ala. ft -ft Royal Bank 4% ft laaorani Shall Can 04
      77 words
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      Johannesburg
      189 6 MM 38 •UNO MOU A Alpha mUALS leooe Aad Amaprop 590 uncti AMK 6300 uncTi A A <w ***** 28 340 uoch 720 -18 sra, aeooB 246 10 FwgM 778 mk 980 10 Ub HoMa 2*00 uoett 1400 LTA. 280 10 M And R. Maftafc LM 825 18 >
      189 words
    • Article
      New York
      462 6 MAM 99 Ml 9) Alcoa ANog In* ANM 44* 24* 49* 2% 50 X SO MX -1* unch •1* uneh •1% Am PWr 29* tofl 79* 99* 4* uneh Amtx Inc. It* 93* 1 83* 4-% 56 a* 80* 3 All 24* uncfi Avon Product* 32 12* 47*
      462 words
    • Article
      European markets
      696 6 Amsterdam MM m ru ASN 914 99 AhaS 97.90 MM JO I 00 Akzo 142 20 1J Alrwn* 144.00 0 2 AMEV 62 70 Amro Bank Am Si»d MOO ***** unch Bmt%* 20 BOLS 153 go Boraumil 137 Buuhrman T«oa *04*47.90 791 +0J 290.00 -u Fokkar 49.30 42
      696 words
    • Article
      Lock icon Sale of Hilton International
      69 6 Reuter TRAN3WORLD Liquidating Trust wNI JiotiKjuls pro* coods from the aato of Httton International Co to UAL Inc on AprH 8. The to clots on March 31, the day trad* tng ceases in the Liquidating Trust shares. UAL will pay U*****.5 million cash, 2,564,000 sharoe of
      Reuter  -  69 words
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      Page 6 Advertisements Column 1
      418 6 WSiere to wlm. eitinf iaiM Itfs too good to be true, there must be a somewhere... SA \I Yes, and the "catch" is from the oceans streams. There are salmons, squids, prawns, lobsters, clams, scallops, halibut... all fresh and expertly prepared by the chef for lunch and dinner. At the
      418 words
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      Page 6 Advertisements Column 2
      131 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 y= potpourri. Hot and J steaming buffet to f get you through the night for only $7.50. (All price*
      131 words
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  • ASIAN STOCKS
    • Article
      Hongkong
      469 7 HONGKONG: Prices closed with pared gains yesterday because of late hedge selling by investors of Hang Seng Index futures. The Hang Seng Index gained 15.62 to 2,798.74 and the Hong Kong Index was up 9.99 at 1,802.27. Turnover rose to HK5996.63 million. Share prices opened little changed but soared
      469 words
    • Article
      Taipei
      298 7 MAM 27 NT S All Sincara Indus 3 29 0 06 Asia Camant 36 50 0 3 Cathay Con* 45 50 0 7 Chang Hwa Bank 71 00 1.5 Chang Loong Chia Hsin Camant .34 70 35 00 0.7 0 9 Chin hain Flour 1525 0 7 China Cham
      298 words
    • Article
      Tokyo
      514 7 TOKYO: Shares soared to a record closing high in the highest ever trading volume yesterday as bullish sentiment on the first trading day of the 1987 fiscal year, a wealth of buying incentives and a robust stock market in New York prompted investors to snap up stocks. The market
      514 words
    • Article
      Manila
      94 7 MAR 17 1 POM 1Acoj* Mining Anglo Phil Ap«x Mining B Atlas Con. B 0.01 0 0560 22 unch uncti 1 Baguio GoM Basic Patrol *um 0.0066 0.014 •0 0006 0.001 Banguet Con. B First Phil HkJgs ....114 8 60 -1 0.1 Lapanto B Msrcopper ....0.18 1.30 0.01 0.1
      94 words
    • Article
      Sydney
      420 7 SYDNEY: A late rally among gold stocks and bargain hunting on the industrial boards overcame early selling pressure to push Australian share markets to edge to their seventh consecutive record in active trading yesterday. End-month book-squaring and a perception gold stocks are undervalued by international standards aided the late
      420 words
    • Article
      Seoul
      136 7 HAH 27 WON Chatl Sugar 3220 30 mwim ino 715 •11 Oaawoo Corp 1070 -30 Dtiwoo Hmvv DaraTun SKufitiM 1400 4300 -25 200 Dong Ah Phar ***** -510 Dong Soft Stock ***** 000 Dongbu Stoal GoM Star 2530 2040 -20 -50 Ha nil Bank 1375 70 Hanil Camam *****
      136 words
    • Article
      Lock icon Bangkok
      165 7 Reuter BANGKOK: The Stock Exchange of Thailand Index rose 2.33 to 230.30 on a turnover of 1,716,203 shares worth 278 million baht. Reuter MAN XT ■AHT Ao Kham Thai Ayudhya Invwtmn Bangkok Agro-ind Bangkok Bank Bank 01 Ayudhya Charoong Thai Wti A CaMa 218 296 7i 281 186 ra
      Reuter  -  165 words
    • Article
      Lock icon Telecoms minister gives pledge
      72 7 AFP JAPANESE POSTS and Telecommunications Minister Shunjiro Karasawa has told the US that Japan would not limit foreign equity participation in telecommunications business in Japan. The promise was contained in a letter Mr Karawasa sent to US Commerce Secretary Malcolm Baldrige. Foreign companies plan to join
      AFP  -  72 words
    • Article
      Lock icon Jardine Matheson plans four-for-one bonus issue
      374 7 Reuter JARDINE MATHESON Holdings Ltd said it planned a bonus issue of four new 'B' shares of 20 HK cents each for every ordinary share of par value HK$2. A company statement said the firm expects to pay a total 1987 dividend of four
      Reuter  -  374 words
    • Article
      Lock icon US Cabinet panel agrees on sanctions against Japanese chip makers
      357 7 AFP. AP FACEO with strong protectionist pressure from the US Congress, a Cabinet-level panel on Thursday reached a "consensus opinion" calling for trade sanctions against Japanese semiconductor makers, administration and congressional sources said. No details of the accord were released
      AFP.; AP  -  357 words
    • Article
      Lock icon Honda exports US-built cars to Taiwan
      193 7 Reuter HONDA AMERICAN Manufacturing Co has become the first foreignowned car company to export USbuilt cars. The subsidiary of Japan's Honda Motor Co of Japan shipped 200 of its popular Accord cars to Taiwan earlier this month a Honda spokesman said. The company might
      Reuter  -  193 words
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      Page 7 Advertisements Column 1
      655 7 ii Where to wim, tflae mA aia JCf% jjlSg Discotheque W*. 1 Ist Drink Charges LADIES NIGHT NOCQVHtOIAKCE Sunday to Wednesday Holidays AAA 9pm to 3am: $18 5 Coleman Street. Singapore 0617. Tel: *****33 r hake we to offer COME, feast the NEW YEAR SUNTORY for an economical, fast ASIAN
      655 words
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      Page 7 Advertisements Column 2
      130 7 5 IRRESISTIBLE OFFERS! •40% OFF all Premium brands and bottle rates Buy one drink and get one FREE Extended Happy Hour 12 noon Bpm Entertainment by 2 top bands nightly (6pm 2am*) flrnwcnons A popular show band from the Philippines (frtchwui Singapore's most popular band \JjC4itCiHVUI MuunutjL eocKTjiUL *mmm (CAIRNHILL
      130 words
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  • FEATURES
    • Article
      Drinking to love, softly
      518 8 IF THERE is one thing that comes close to jealousy in love, it is rivalry in business. The same principle total identification of the self with the object desired being involved, these two kinds of jealousy rouse passions which in their intensity could melt gold and
      518 words
    • Article, Illustration
      If it hadn't been for Mickey ...
      562 8 If it hadn't been for Mickey A MOUSE started an entertainment empire built on imaginative and witty cartoons which have delighted millions around the world and continue to SO years later. The most famous mouse in the world is Mickey Mouse, "born" on November 18. 1928, the release date of
      562 words
    • Article
      Government must think Singaporean
      727 8 Letters to the Editor Dear Sir Recently. Tan Cheng Bock, the chairman ot the Government Feedback Unit, stated that the Singapore Government must think Singaporean especially in the area of professional services. Whilst the Government is encouraging local professionals to export their services, it has not
      727 words
    • Article
      Feature on NZ has some errors
      554 8  -  T J HANNAH New Zealand mm nign v<mifTi!ssK>o*r Deer Sir I might have been able to let pass the half-page feature on New Zealand (BT March 25) were it not, in particular, for a fundamental and serious error that should not be made in
      554 words
    • Article
      Product manager only talked about Van Houten
      690 8  -  WONG HENG CHONG Group General Manager o a 4f| I 9unsnint aiiim invvvuTitms liq Dear 8k We refer to the report which appeared on Page 15 of BT, March 17, 1987, under the heading "A Chernobyl windfall for Sunshine Allied." That report plainly
      690 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      220 8 7k&fecMfoia'af' T *//'o7f/A777./ never sfifes Daily: 7am 1 lan SHAOBING YOUTIAO BSALsHV buffet breakfast at STEVENS CORNER Our renowned Taiwanese Shaobing You Tiao Buffet Breakfast along with Soya-bean milk, Taiwanese porridge, chicken porridge and local black coffee. a Daily: 12 noon-2.30pm IRMH NIANG DOU FU BUFFET IKKISW LUNCH AT GREEN
      220 words
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      Page 8 Advertisements Column 2
      44 8 BT wticofflM letters from readers. Your lettore must include your signature, full name, address, and home and office telephone numbers, if any. You may add a pseudonym, if you wish. Addrees your letters to: The Editor. Business Times, 390, Kim Seng Road, Singapore 0923.
      44 words
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      Page 8 Advertisements Column 3
      6 8 Crosswords and Brtstow on Rags 12
      6 words
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      368 9 DEPARTMENT STORES never fail to come up with new names for their seemingly endless sales. They have developed this process into such a fine art that, in mid-March, one of them is able to hold a "year-end sale". Now on at Yaohan is a "Fiscal Year-End
      368 words
    • Article
      Ads unsheathed on TV
      144 9 TRENDS THE RESULTS of a recant pod ■»—«1 fiat Sm majority of Awwrfcn It In tovour of Wrtfno otaSano ohoortng advardoamaato for uiaboi «iiMiii lnßnwlno tho AMo acart and Sio Mgh bicld>nc« of Umiqi pr«gnanclM. If a omndor majority, 8m pooplo oarvayad by Loido Harrto andl
      144 words
    • Article, Illustration
      The elements of justice
      1047 9  -  With BRIAN MILLER IT CAME like a shot out of the blue delivered personally by an elderly gentleman who puttputted up to my gate on a motor cycle that had seen better days. Apologising rather profueely for having to be the bearer of such ill-tidings, he
      1,047 words
    • Article, Illustration
      Lock icon Taking a fat chance on Utah
      1932 9  -  By MARGARET THOMAS IT'S AMAZING how good a plain, boiled potato can taste when you're hungry. It's also amazing how un-hungry you can be on a daily regime of six to eight hours physical activity fuelled by little more than 1,000 calories of food.
      Pictures by Margaret Thomas  -  1,932 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        There can be a very positive side to falling ill
        924 10  -  HEALTH By RICHARD SEAH I FELL ILL last week. It was somewhat embarrassing. Colleagues made seemingly endless comments about my carrot juice not working. A few ottered Vitamin C tablets, which I do not believe in. One said: "Ah! First
        924 words
      • Article
        Lock icon Soviets get to read late poet's elegy
        338 10 SHORTTAKES Agencies A SOVIET magazine has published a touching poem written by Anna Akhmatova at the height of the Stalin terror, in which the late poet mourns the execution of her husband and the jailing of her son. The posthumous publication of Akhmatova's
        Agencies  -  338 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        A date with royalty
        952 11  -  PLEASURE CRUISERS By ROSIE TAN LOOKING AT the majestic white •hull and sleekly designed 12 .decks of the Royal Princess, -there was no doubt we were in 4ht presence of a prima donna. The pleasure cruiser was on .a stopover in Singapore and played hostess to
        952 words
      • Article, Illustration
        A taste of the new New Orleans
        671 11  -  FOOD By THE FOOD TEAM "PEOPLE are no longer willing to- pay $100 for a meal," declared Mr Rodney Dodd, the Food and Beverage Manager for Holiday Inn Park View. So out went the expensive crystal, lace tablecloth, dinner jackets for waiters, and
        671 words
      • Article, Illustration
        All set for the four nights
        702 11  -  STAGE By LILIAN ANG THE CURTAINS RISE and the love-lorn ruler of lllyria stumbles onto the stage, half-crazed with desire for the cold, unresponsive Olivia. "If music be the food of love, play on," he moans. But even as Duke Orsino of lllyria indulges
        702 words
      • Article, Illustration
        The man with a Palace in Sorrento
        711 11  -  HOTELIERS By TONG SUIT CHEE COME BACK TO SORRENTO, is a refrain Antonino Russo could sing to his guests. As general manager of a resort hotel in the peninsula of Sorrento, he could sing it a /a Mr Roarke's "Welcome to Fantasy Island".
        711 words
      • Article
        BILLBOARD
        612 11 CINEMA: Ovor Tho Top starring Sylvester Stallone. Robert Loggia and Susan Blakely. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. HoarMtrook Rfdgm starring Clint Eastwood. Showing at Capitol: 11; 1.45; 4; 6.30; 9.15 and Savoy: 11, 1.30; 4; 6.30; 9. Tike Color Purpto starring Whoopie Goldberg. Showing at Jade:
        612 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Americans hard on the heels of Kuo
        776 12  -  GOLF By BRIAN MILLER AFTER FINISHING second in the Indian Open last week, American Jim Hallet feels that his winning turn has to be right around the corner. And. when you look at his 36 holes total in this year's Singapore Open at
        776 words
      • Article, Illustration
        The Standard American System of Notrump bidding
        766 12  -  BRIDGE By MIKE THUMBA LAST WEEK we discussed the forcing and non-forcing bids and re-bids as well as response. There is another interesting and rather exciting type of bidding called Notrump. Though different systems of bidding have differing criteria for no-trump bidding, the
        766 words
      • Article
        Lock icon Norman looks for improved showing in TPC
        374 12 UPI FOR A GOLFER with Greg Norman's credentials, success can be measured only in victories. Norman has played in only four tournaments in 1967 and won U5558,186, numbers that if projected over a full season would have him earning at leest U*****,000. But
        UPI  -  374 words
      • Article
        Rain Jewels looks set to make amends
        677 12  -  on tmck isi with Brian Miller JOCKEY LESLIE KHOO. who is presently lying second behind Rick Dominguez in the Jockey's table, could take a step closer to toppling the dashing American when he partners Rain Jewels in the fifth at Bukit Timah this
        677 words
      • Article
        Lock icon Booming Becker snatches a win
        258 12 TENNIS AP WEST GERMAN Boris Becker came from behind to overpower Yugoelav Slobodan Zivojinovic 3-6. 6-4. 6-4 and US player John McEnroe beat Swede Thomaa Hogstedt 7-6 (7-2) 8-1 on Thursday to reach the quarter-finals of the U*****,000 Belgian Indoor Championships of tennis. Becker said
        AP  -  258 words
    • Executive Lifestyle: Personal Investment
      • Article
        Fund managers' interest in local stocks will grow, says UK analyst
        601 13  -  Keeping track... LOCAL EQUITIES -by Ramesh Chandiramani THE RECOVERY of the local stock market since May last year "'has sharpened the focus of global fund managers and investors to stock opportunities available in Singapore and Malaysia. And .this, UK
        601 words
      • Article, Illustration
        Odds favour upside breakout for QAF
        237 13  -  CHART PiiilNT Ramesh Chandiramani LAST WEEK, I mentioned that the charts of several local companies "have been forced into a sideways consolidatory phase" and were prevented from rising much further. While that is a more recent development for share prices of some companies, one
        237 words
      • Article
        Lock icon Retail brokerage houses are expected to do well
        563 13 WALL STREET FOCUS NYT THE TRADING VOLUME on Wall Street may be running at record levels, but the numbers and rising revenues are not being fully reflected by the share prices of the retail brokerage houses. Many analysts regard them as being
        NYT  -  563 words
      • Article, Illustration
        Why taking a shine to Australian gold stocks could pay off
        995 13  -  mm GOLD STOCKS By RAMESH CHANDIRAMANI IF RECENT INDICATIONS are any guide, we could now be on the threshold of another moderate run in the price of gold. If that comes to pass, or even if it doesn't, buying
        995 words
      • Article
        Another quiet week on the market
        365 13  -  ART by Ruth Corb, Sotheby's research department IT WAS another quiet week throughout the art market both for the segments covered by the Art Index as well as other collecting fields. There were virtually no sales in New York, but a few took place
        365 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      51 9 >> mm memt&z* The Hour Glass Singapore's premier watch boutique with the largest range of 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
      51 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      2588 10 SIOTSIO WATCH Coward, Crosby and a droll Drac TODAY: There is a tough choice to make for late-night viewing with three worthwhile offerings. Funny man Walter Matthau and Glenda Jackson are the stars in Hopscotch (11 pm, Channel 5) about a CIA agent who drops out of the agency when
      2,588 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      750 12 CRYPTIC PUZZLE ACROSS 8 Get rid of the sales men holding the vese (4.3) 9 Write to try and get someone out of a hole? (4, 1. 4) 13 Cap for a garden party? (5) 14 Now nothing would bring her beck (5) 15 Intend to tear round to get
      750 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      137 13 ~0 I —1 I m IfnT ma* Ml SB ORDER FORM Yes, I would like to subscribe/renew Please send the magazine to the following address: ~I Address: Company: Designation: Enclosed"^ money order no: Charge my American Express/Visa/Master Cord occount Card No: Expiry date: for $48.00/$7125/564.75 Signature: Complete the order form
      137 words
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  • SHARE INFORMATION
    • Article, Illustration
      Prices close mixed as late buying cuts losses
      4203 14 THE SINGAPORE stock market cloeed mixed yeeterday after late buying trimmed earlier loeees. The BT Composite Index eased 4.74 points to 047.14 and the Straita Timea Industrial Index cloeed lower by 2.12 points to 1,000.04. Losers led gainers by 04 to 50.
      4,203 words
    • Article
      Chief price changes
      240 14 SINGAPORE Rim If tdlCM Mordi 2* Mar* 27 Own M 3*4 312 1* •T Compaft* 9SIM *47.14 t M MMy 19 ITOt/OS -117 -104 CaM Stan IOp 414 12 •T Cadi •*241 -*301 S 1 A 1170 10 •TOtV 4*5076 ♦44*M* M Cndl 212 10 STMuoriah 10*2.1*
      240 words
    • Article
      Business done on the SES
      3299 14 SECTION ONI Aom <145 B (12 144 02 145 (2 144 071 145 Q6M44 3 147 MmBiTDI a 0.72 *mI M 50# 11.7 V• IJOSI (17) 1J» (7* 177 01) 1.74 (17) 1.77 IHI IJO 1541 1.79 OS 1 78 BAT 2* (1A59 m 144C0
      3,299 words
    • Article
      Selected indices
      112 14 HONGKONG Hongkong Index Friday *****7 Thursday *****8 Week ago 1784.17 Hang Song Indox Friday 2798.74 Thursday 2783.12 Week ago 2780 55 AH Industrials Friday 2595.0* Thursday ***** WMk ago 2578.2 NEW YORK Dow Jones Thursday *****9 Wednesday 2363.49 WMk ago 2299.57 TOKYO Nikkei Avorogo Friday ***** 66* Thursday
      112 words
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  • COMPANY NEWS
    • Article
      SNP pre-tax profits fall 16 per cent to $1.2 million
      387 15  -  By LISA LEE SINGAPORE NATIONAL Printers (SNP) has turned in its first report card to shareholders with a 16 per cent fall in pre-tax profit in spite of a higher business volume. The first listed company on the Stock Exchange
      387 words
    • Article
      Profits improve at UOB and OCBC
      729 15  -  Earnings downtrend reversed By HOMER CHEN THE PROFITS of United Overseas Bank Ltd and Oversea-Chi-nese Banking Corporation grew slightly in 1966 over the previous year, thereby reversing the downtrend in profits. Group net attributable profits for UOB and OCBC grew by 7.1 per cent
      729 words
    • Article
      Straits Trading's pre-tax profit drops 2 per cent to $29m
      176 15 FALLING TIN PRICES and an overall business slowdown has resulted in a sharp fall in turnover for the Straits Trading group, which reported a 2 per cent decline in pre-tax profit to $29.06 million. Barring unforeseen circumstances, the directors expect
      176 words
    • Article
      Singland reaps $12.8m in operating profit
      209 15 SINGAPORE LAND LTD achieved consolidated operating profit before tax of $12.83 million for the interim period ended Feb 28, 1987, as compared with $12.93 million in the previous corresponding period. The six months operating profit is about 83 per cent of Singland's forecast minimum
      209 words
    • Article
      KL stock prices close mixed
      528 15 INVESTORS at the Kuala Lumpur stock market kept a low profile yesterday and share prices ended mixed to marginally easier in lethargic trading. Most dabblers preferred to keep to the sidelines, playing a wait-and-see game and hoping for signs from institutional investors. However, there was
      528 words
    • Article
      LONDON STOCKS
      899 15 SHARE PRICES turned mixed at yesterday's London opening after an early decline caused by a newspaper opinion poll which showed the Liberal-SOP Alliance in second place over the Labour Party. Dealers said the poll, as with another earlier in the week, raised speculation fiat the Liberal-SDP Alliance could
      899 words
    • Article
      LATEST RESULTS
      313 15 UNITED OVERSEAS FINANCE Lid: Pre-tax profits for the year ended Dec 31 was $5.88 million, a marginal drop of 1.3 per cent from $5.87 million the previous year, on an operational revenue of $34.84 million ($46.13 million). Net profit stood at $3.75 million, down 3.1 per cent from
      313 words
    • Article
      Business done on the KLSE
      2338 15 810 and offer pricss officially listed and business In and rsportsd to ths Kuala Lumpur Stock Exchsngs ysstsfday, with ths number of tharsa traded •town in brscksts in Ms of 1,000 units unlsss othsrwlas specified. INDUSTRIALS Aono *****) Afnomoto (3106 3165) 111 316 Alqji HMQ
      2,338 words
    • Article
      Unit trusts
      239 15 s Monogtn' pricM for March 28 ft 30 MARA-Bumiputra Fint 8'putra 5.9# 6 03 Singapore Unit Trust Sacond 8'putra Third 8'putra 5.12 419 517 4.24 Th* CoMwrc* 104 1 12 Fourth 8'putra 4j81 4 86 Th* Savings Fund 091 098* Fifth 8'putra 3)9 324 S'por* frag fund 041
      239 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      441 15 NOTICES TUB COMPANIES ACT CAP. 1M bajang mvravo At an Extraordinary General Meeting of the members of the abovenamed oompany duly oonvened and held at 188 Tree Street, fit-OS, Singapore 0907 on the 98th day of March, 1997, the epeolal reeolntlon eet ont below wm duly paeeed:"Reeolved that the oompany
      441 words
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      Page 15 Advertisements Column 2
      442 15 TBI COMPANIES ACT. CAP 100 MEMO PONG ENGINEERING PTE LTD At an Extra-Ordinary General MNtlDf of the tboTi-Btmtd Company duly convened and hold at No. S Bhenton Way #»41 Singapore 0106 on March IMT at 13 noon the followResolutions wore As Special Reooluttons RESOLVED that the Oompany be woond up
      442 words
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  • Article, Illustration
    Gatt chief says S'pore has bargaining chips
    450 16  -  By BOEY KIT YIN Open market and strong buying power are assets SINGAPORE has definite bargaining leverage in the world trading system despite its size and small population, in the view of Mr Arttur Dunkei, directorgenera) of Gatt (General Agreement on Tariffs and
    450 words
  • Article
    'Silent' Gatt members playing larger role
    300 16 THE SILENT MAJORITY In the world trading system is no longer silent in international decisions to regulate the flow of goods and aervicae across countries. Gatt director-general Arthur Dunkei yesterday said countries situated around the big three the US, the European Community and Japan
    300 words
  • Article
    United States Lines sells interests in two liner services
    515 16  -  By JUNE UM THE BATTLE to salvage the financially beleaguered United States Lines, once a major liner shipping operator, appears to have been abandoned. The American carrier, which came under the protection of Chapter 11 of the US Bankruptcy Law last
    515 words
  • Article, Illustration
    Tibs tipped to top other new listings
    229 16 FROM THE WAY share forms were being taken up tn the past two days, Trans-Island Bus Services (Tibs) might Just outshine the other two new listings this year. "The take-up has been tremendous," said s spokeswoman for D6S Bank, the msnager and underwriter
    229 words
  • Article
    Lock icon The world's unaccounted billions
    298 16 AP THE WORLD LOST or perhaps misplaced mora than US$3BB billion to His firat halt of the 1980s, according to figures 001-99 CM 99CM oy mm mmmmuonmi moo#?tiry Fund. The IMF ballad the figure a "discrepancy". Adding up the figures of the fund's 151 member countries,
    AP  -  298 words
  • Article
    Lock icon Tokyo Cabinet approves record provisional budget
    234 16 UPI JAPAN'S Cabinet, unable to complete the national budget before the end of the fiscal year, approved a record provisional budget yeeterday that officials said was designed to stimulate the troubled economy. The 8.829 trillion yen (US$5O billion) budget was the largest stop-gap appropriation
    UPI  -  234 words
  • Article
    Lock icon Transit free zone
    57 16 Reuter BANGKOK Airport will drop customs handling for transit cargo in a drive to challenge Singepore and Hongkong es the centre of air transport in South-east Asia. The new transit free zone will cut out the complicated paperwork that slows down sending freight through Theilend, Bangkok Airport
    Reuter  -  57 words
  • Article
    Lock icon Lee files libel suit against The Star and its editor-in-chief
    371 16 Bernama PRIME MINISTER Lee Kuan Yew it suing the Malaysian newspaper The Star and its group edi-tor-in-chief for libel over two arttdee which appeared in the Sunday Star on Feb 1 and 22. In the suit filed at the High
    Bernama  -  371 words
  • Article
    URA expected to incur another net deficit
    299 16 THE URBAN Redevelopment Authority (URA) is expected to report its second consecutive net deficit when it doeee the books for the financial year ending March 31, 1987. According to its income and expenditure eeti mates released last night, the URA's net deficit for
    299 words
  • Article
    Two appointed to MAS board
    104 16 MR CHUA KIM YEOW and Mr Lim Siong Guan have been appotntM oy Kresioeni ww Mm Wee to the board of directors of the Monetary Authority of Singapore. Their appointment will be from April 1, 1987 to December 25, 1989, according to the lateet government
    104 words
  • Article
    Lock icon Comex silver
    84 16 Reuter COMEX SILVER FUTURES made a snap penetration of US$6 resistance yeetarday morning on general buying in a technically strong market. The pec oootting May delivery gained 16 cents at US$6.l4 an ounce, with the rally gathering momentum from automatic buy stops at US$6.O4. Analysts said gold's upawing
    Reuter  -  84 words
  • Article
    Lock icon Dow Jones higher
    79 16 Reuter WALL STREET stocks were in moderately active trading after an initial upward burst. Traders attributed the higher opening to orders from Japan. "After that buying expended itself there was nothing to sustain it," said one. The Dow Jones Industrial Average roee two points to 2375. Declines
    Reuter  -  79 words
  • LATE FILE
    • Article
      Lock icon Over-the-counter market in Seoul
      61 16 AP SOUTH KOREA Securities and Exchange Commission decided yesterday to open an over-the-counter market next Wednesday to accommodate transactions of stocks of business compsnies not listed on the slock exchange, the Finance Ministry haa announced. Companies with a minimum capital of U*****,000 and in operation for
      AP  -  61 words
    • Article
      Lock icon US price index rises 0.4pc
      38 16 Reuter CONSUMER prices in the US rose 0.4 per cent in February, down from January's 0.7 per cent rise and signalling a more moderate pace of inflation, the Labour department said yesterday. Reuter
      Reuter  -  38 words
    • Article
      Lock icon Hashim to pay BMF and BBMB M$120m
      52 16 Bernama FORMER Bumiputra Malaysi- Finance (BMF) director Datuk Mohamad Haahim Shamauddin haa agreed to pay Bank Bumiputra Malaysia Bhd (BBMB) and BMF more than Msl2o million, money relating to two suits which the two financial inefitutiona had filed againat him two years ago.
      Bernama  -  52 words
    • Article
      Lock icon Japan to fight US chips sanctions
      39 16 AFP JAPAN could take "very effective" retaliatory atepe against the US if Waahington decides to impoee sanctions againat Japanese semiconductor makers, e senior Ministry of International Trade and Industry official said yesterday. AFP
      AFP  -  39 words
    • Article
      Lock icon Prem urges more Thai-Laotian talks
      44 16 AFP THAI Prime Minister Prem Tineulanonda yesterday told visiting Laotian Deputy Foreign Minister Soubanh Srithirath that Thailand and Laos should continue talks on improving relatione despite a failed second round of normalisation meetings, a foreign ministry spokeeman said. AFP
      AFP  -  44 words
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  • Page 16 Miscellaneous