The Business Times, 23 May 1987
1987-05-23
1
16
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section12 1987-05-23 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, May 23-24,1967 75 CENTS12 words
-
Article, Illustration144 1987-05-23 1 Ov*ra*aa markets Friday HK Hang Song Indox 2897.62 26.71 Tokyo Nlkkoi Avorago *****.71 402.70) Thuriday Now York (Dow Jonos) 2225.77 9.90 London (FT 30 Indox) 1677.7 1-13.1) Exchange rates US$> 140.40/40 yon, 177(30/70 DM, S$2.1135/40 £s US$1.6795/6805 MS: SS85.53/46 Slmex DM (Juno)0.5648 8 Euro-S (Sop) 91.69' Yon144 words
-
Article91 1987-05-23 1 AFP THE SINGAPORE Monetary Exchange (Simex) reported record trading in the Nikkei stock average futures contract Friday after news from Tokyo that 307 financial institutions would be allowed to trade directly in financial futures markets abroad. A total of 2,951 Nikkei stock average futures contracts wereAFP - 91 words
-
484 1987-05-23 1 Agencies THE US IS PRESSING South Korea and Taiwan to adopt the open market policies of Singapore and Hongkong. Peter F Allgeier, Assistant US Trade Representative for East Asia, said that he would find it intolerable forAgencies - 484 words
-
Article, Illustration213 1987-05-23 1 BUYERS took a back seat as profit-takers dominated trading on the stock market yesterday. All sectors ended lower except for loan stocks as losers overwhelmed gainers 156 to 46. The Straits Times Industrial Index hit an all-time intra-day high of 1,220.36 in213 words
-
448 1987-05-23 1 ZHOU MEI - Expectations in services sector more subdued By ZHOU MEI, Economics Correspondent REAL ESTATE DEVELOPERS have turned extremely bullish. Wholesalers have become more optimistic. The financial services sector too has shaken off the gloom of the past and turned more cheerful. So reports the 1987 First448 words
-
Article519 1987-05-23 1 AMY BALAN - "y AMY BALAN SINGAPORE AIRLINES has surpassed all market expectations by turning in a 58.3 per cent rise in group after-tax profit to $451.6 million, on a slightly increased turnover of $3.48 billion, for its fiscal year ended March 31, 1987. The higher519 words
-
Page 1 Advertisements
-
Advertisement273 1987-05-23 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM INSIDE OUR VIEW A REPORT on 'self-destructive sexual encounters' of the sort that brought down former US presidential candidate Gary Hart and TV evangelist Jim Bakker goes to great lengths to explain why they acted the way they did. The report reiterates an interesting273 words
-
Advertisement11 1987-05-23 1 Full Report, Pag* 14 Asian Slocks, Paga 7 Int'l Slocks, Paga11 words
-
Advertisement69 1987-05-23 1 Sir Hamilton takes his leave THE BRITISH High Commissioner to Singapore, Sir Hamilton Whyte, leaves Singapore and the diplomatic service next week. He has not only survived change in the many decades he has served as Her Majesty's servant, but he has put it to creative use, bringing experience and69 words
-
Advertisement121 1987-05-23 1 Economy anjoya steady, broad-baaad recovery; Flnanca aactor coma# aacond; Paga 2 Give Business Gifts when a Cross emblem pen can TUnf T act A T lfotimp help stimulate your business. A Ildl Lj€lot A Xjlictllltc. With your company's emblem prominently displayed they make highly valued business gifts, both within your121 words
-
Advertisement107 1987-05-23 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC CWCutIvJL Lx{]tlTuCc c V '■> i i <• Wm: it 'VI M j r W" r C .t -H P fc v v t\Vtf *\v- 4 > V ft; a :i u %«V I <i\:; nv* Behind and under those Universal lights See Pgs 9107 words
-
-
HOME NEWS
-
782 1987-05-23 2 ZHOU MEI - First quarter annualised growth of 7.1 pc By ZHOU MEI Economics Correspondent COST-CUTTING which resulted in improved competitiveness contributed to a broader-based recovery and higher momentum in the expansion of the Singapore economy. This was reflected in the seasonally adjusted and annualised growth rate for782 words
-
Article400 1987-05-23 2 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent THE FINANCE sector, which grew at a faster rate of 10.8 per cent during the first quarter of this year from a year ago, was the second-best performer among the major sectors of the Singapore economy. The Government's latest quarterly400 words
-
197 1987-05-23 2 STRATEGIES to strengthen the national psyche and social fabric to withstand both internal and external threats will be reviewed by a newly-formed advisory council jointly set up by the ministries of Community Development and Communications and Information. An official statement released yesterday197 words
-
Article108 1987-05-23 2 THE TRADE DEVELOPMENT BOARD will be in a bigger office on the 10th floor of the World Trade Centre from Monday. More and bigger meeting rooms have been built to meet the increase in local and foreign businessmen seeking the board's help in market development108 words
-
Article, Illustration177 1987-05-23 2 A great big 'y am seng' from this one TRY HOISTING a few beers with this mug and you'll end up nursing hernia, not a hangover. Yesterday, this $100,000 exercise in excess went on display in Singapore at the Wisma Atria shopping centre, where it will be on view till177 words
-
158 1987-05-23 2 CIVIL AVIATION officials from Singapore and Canada will meet on Monday to work out a new air services agreement (ASA). A new agreement is needed by July this year for direct air links between Singapore and Canada to be maintained as Singapore's one-year158 words
-
452 1987-05-23 2 MANAGERS were once again urged by a government official to give priority to the training needs of workers so that they could always be prepared to meet new developments. Mr Sidek Saniff, Parliamentary Secretary (Ministry of Trade and Industry), yesterday said452 words
-
346 1987-05-23 2 THE information technology (IT) industry in Singapore grew by about 16 per cent to $650 million last year, disclosed Dr Yeo Ning Hong last night. "This is an encouraging sign," the Communications and Information Minister and Second Defence Minister (Policy). "It means346 words
-
212 1987-05-23 2 INTERNATIONAL BUSINESS Machines' (IBM) support operations for its Asean and Sri Lankan offices and users will be transferred to Singapore from next month. Big Blue offices and users in Asean and Sri Lanka are currently being supported by IBM headquarters in Armonk, New212 words
-
Article1216 1987-05-23 2 AT CONVENTIONAL WHARVES SEMBAWAMQ Veeeel n Hi A Hi i 1 Apj Koron SI 2105/1700 24 05/0630 DWMI MVTVWi Departure World Ares S5 2405/1400 2705/0700 KEPPEL WHARVES World Tiger S2 2305/1200 24 05/0000 Coral P"cess/P K36 alongside 2405/1400 City of Beirut S3 2405/1200 27.05/1700 Equator V <221,216 words
-
-
OVERSEAS
-
672 1987-05-23 3 Reuter THE EUROPEAN Community Commission has forecast that the average GOP growth in the 12 nation community will fall to 2.2 per cent this year from 2.5 per cent in 1986 and rise slightly to 2.3 perReuter - 672 words
-
222 1987-05-23 3 Reuter ITALIAN CARETAKER Foreign Minister Giulio Andreotti said the world's problems were too complex to expect any miracle solutions to result from next month's summit of group of seven industrial nations. But Mr Andreotti, addressing the Italian Senate ahead of the June 8-10Reuter - 222 words
-
Article, Illustration554 1987-05-23 3 World Bank urges dismantling of monopolies Reuter THE WORLD BANK is pressing Indonesia to dismantle its highcost, protected economy and has highlighted industries with close links to President Suharto's family as in need of reform. In its annual report on the economy of Indonesia, the largestReuter - 554 words
-
Article850 1987-05-23 3 ARRIVALS Operator Sorvie* nunbor Local tinw From MAS KAL SV MAS MAS AC OA MA GU SU su SU SU THAI MAS GU SU SU GU SU SU SU GU su GU SU SU THAI SV THAI CPA KIM MAS MAS GU Al MAS Al SU UTA850 words
-
Article290 1987-05-23 3 UPI HONGKONG'S Secretary for Trade and Industry Hamish MacLeod attacked pending textile legislation on Thursday, labelling it the "son" of US Representative Ed Jenkins' controversial textile bill vetoed by President Ronald Reagan last year. Mr MacLeod told an international economic conference meeting inUPI - 290 words
-
503 1987-05-23 3 AP OPPOSITION chief Juan Ponce Enrile denied yesterday that he was plotting against the government, and an official said President Corazon Aquino's administration was studying peace overtures to communist rebels after last week's election landslide. Mr Enrile, fired last year as Defence Minister after anAP - 503 words
-
240 1987-05-23 3 AFP IT MAY be a bluff, but US Congressman Charles Roemer claims he won between US$l5,OOO and US$5O,OOO last year playing poker. The Louisiana Democrat, who filled out a congressional financial disclosure form, does not explain why the figure is so imprecise. HisAFP - 240 words
-
Article, Illustration504 1987-05-23 3 AFP HAVING STRUGGLED with industrial waste and air pollution, Japan now faces a more sophisticated environmental menace popularly known as "electronic smog." Electromagnetic waves emitted by personal computers, TV game machines and other electronic appliances do not make eyes red, throats sore orAFP - 504 words
-
529 1987-05-23 3 AFP THE UNITED STATES will respond with "certain and immediate" retaliation if the European Community (EC) goes ahead with a proposed tax which would double the price of vegetable oil in Western Europe and hit US soybean producers. USAFP - 529 words
-
-
Page 3 Advertisements
-
Advertisement50 1987-05-23 3 "V 7" The business person's choice. I J m 1% /I I\\/ every Tuesday, Thursday, Saturday and I I I I A/-\I Sunday. Leaving Changi Airport at I V IL-JH jLL 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canada at *****55. AIR CANADA50 words
-
-
WORLD BACKGROUND
-
863 1987-05-23 4 AFP SRI LANKA celebrated 15 years as a republic yesterday with few signs of an end to its debilitating Tamil separatist conflict and fresh fears of violence by a banned extremist party. In 1972, Sri Lanka, then called Ceylon, declared itselfAFP - 863 words
-
Article, Illustration731 1987-05-23 4 AP BY TILTING towards Iraq in the Gulf war without publicly spelling out why, President Ronald Reagan may be signing on to another foreign policy debacle. For the first time in the six-and-a-half year conflict, Reagan has identified Iran as "the villain"AP - 731 words
-
-
COMMODITIES
-
Article277 1987-05-23 4 Chinese Produce Exchange Selleri' noon doting prion on May 22 (SS/100 kg) Coconut oil Bulk FOB 88.00 Old drum FOB 98.00 New drum FOB 62.00 Copra Mixed (loose) 50 Pepper Muntok white FOB NLW 1217J0 Sarawak white FOB faq NLW 1 202.50 Sarawak ipedol block FOB NLW 975.00277 words
-
Article292 1987-05-23 4 HONGKONG: Gold closed higher on late buying mainly by US banks and commodity houses after a rally in silver. Bullion ended at U*****.80/U*****.30 an ounce against an initial U*****.00/50 and was above New York's final U*****.30/90. On the local market, gold finished HK$24 higher at HK54,379 a tael.292 words
-
Article316 1987-05-23 4 London Row Commodity No 6 CIF 175.00(178.50) No 6 FOB 149.00(152.50) Exchange White No 5 190.00 (193.50) Buyer/Seller doting prices on OIIS (USS/tonne) May 21 (£/tonne unlets specified) Polm oil M'sion crude Previous closing prices in OF UK/Rotterdam parenthesis July 347.5slr (345.00) Coffee M'slon/Sumatron crude OF UK/Rotterdam Basis316 words
-
Article103 1987-05-23 4 PRICES on the Kuala Lumpur tin market doaad unchanged from Thuraday'a M 516.73 par kilo after a vary brief trading aeeaion. Dealers said that buyers and sailers ware wallmatched at the opening price of M 516.73, and a total of 125 tonnes were traded which Included about 50103 words
-
Article282 1987-05-23 4 SINGAPORE The market closed lower with June 1 RSS buyers quoted at 206.00 cents/Kilo, down one cent from Thursday. The morning session was little changed from overnight levels after fluctuating narrowly without any clear trend on lack of fresh factors. Prices weakened one cent in quiet afternoon trading in282 words
-
Article320 1987-05-23 4 RAS prices mto anta/kg, FOB In M« I NOON close Buy*rs S*M*rs Bvy*rs S*A*n In* 1 RSS Prompt 211-50 212 JON 210.00 211.00N tnf 1 RSS June 87 209.00 210.00 208.00 209.00 Int 1 RSS My 205.00 205.50 204.00 204JO Int 2 RSS OP 196 JO 198320 words
-
Article85 1987-05-23 4 I 1 I JUNE 87 JULY 87 (currant month) (forward month) RAS NOON NOON lvy*r> S*U*n 8uy«n Saltan SSt 20 ISO JO 18 2.50* 1 80.50 182JON SSt 50 179 JO 180 JON 179.50 180 JON MRELB Ivy*n S«l><r» byfi Sthn SMC cv 247.00 249.00N 248.00 250.00N85 words
-
Article472 1987-05-23 4 Crude palm oil futures closed higher in moderate trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said steadier values on the Chicago Board of Trade coupled with fresh buying support aided the local market. The market also gained on fresh short covering activity and on news that472 words
-
Article91 1987-05-23 4 NAPHTHA weakened on the influence of North West Europe. FOB S pore fuel oil continued weak with buyers and sellers at a deadlock. Gasoil remained weak with buyers relaxed. Kerosene was quiet in thin trading conditions. LSWR was stagnant. Crude (FOB origin) US$/borr«4 Chong* Duboi (My) 17.1391 words
-
Article97 1987-05-23 4 WHEAT FUTURES in Chicago ignored the buoyant tone in corn and soybeans and closed quietly mixed on Thursday, ranging from down 1/2 US cent per bushel in July to up one in March. July settled at US$2.9O after posting a 3-1/2 cent range. Corn futures closed on or near97 words
-
Article90 1987-05-23 4 SOYBEAN FUTURES in Chicago closed near the highs, up 10-3/4 to 13 cents per bushel in improved trade volume on Thursday. July settled at U555.59-3/4 after posting a 13-1/2 cent range on the day. Slow country movement and firmer cash basis values at the Gulf on Thursday morning more90 words
-
-
Page 4 Miscellaneous
-
Miscellaneous66 1987-05-23 4 Doonesbury BEN, REALLY, THANKS, BUT ITS NOT Mi AREA. I HATE MAKJN6 WLUE JUDGMENTS! I UJOULPtfT J KNOhUA SITUATIONAL ETHIC IF T BIT ME ON THE iff Wa i IKNOtUYOtfRE SHORT-HANDS?, BUT I JUST PONT FEEL COMFORTABLE hUTTH... WITH...BUT.. BUT... WELL, OKAY, IF I HAVE NO CHOICE. /^r m m66 words
-
-
BANKING AND FINANCE
-
Article, Illustration321 1987-05-23 5 AP THE HEALTH of the US banking industry is less than robust and serious problems lie ahead, according to the five principal bank regulatory agencies. In a status report to the Senate Banking Committee on Thursday, the regulators said the industry had beenAP - 321 words
-
421 1987-05-23 5 FT UNTIL last week, managers of Fiji's five commercial banks looked forward to three big days each month two government employee pay days, and one joint meeting of the island state s Association of Banks. The military coup on Thursday last week andFT - 421 words
-
495 1987-05-23 5 Yen's rise to blame, says banker AFP THE FLOW OF Japanese cash to the US a vital source of funds for the US budget deficit is likely to slow down and "dry up" as a consequence of the yen's latest rise against theAFP - 495 words
-
235 1987-05-23 5 Reuter THAILAND'S External Debt Committee will ask the World Bank and other global lending agencies to ease their loan terms to help Thailand reduce its debt burden. Deputy Finance Minister Supachai Panichpakdi said. Thailand's loan principal repayments are likely to hit US$l.BReuter - 235 words
-
-
MONEY AND EXCHANGES
-
Article44 1987-05-23 5 Treasury bills (most recent issues) Issue code Maturity Yesterday's yield MO OFF€R BQ ***** W 13.8.87 2.80 2.75 Singapore government bonds Issue Coupon Maturity Indicative Yield code rate closing (offered price rate) N*****0H 5.375 15.5.1992 100.85- 5.16 100.95 Source: DBS Bank44 words
-
Article213 1987-05-23 5 Interbank rates at 3pm yesterday: MO OfFER creee pertly eheege Local dollars to 01 rte unit of foreign currency: US dollar 2.1135 2.1145 2.8196 -25.04 Sterfing pound 3.5496 3.5534 7.3469 -51.69 Australian dollar 1.5238 1.5266 3.4286 -55.56 NZ dollar 1.2216 1.2242 3.4286 -44.37 Canadian dollar 1.5684 1.5703 3.4206213 words
-
Article84 1987-05-23 5 us$/s$ Interbank forward rates at 3pm yesterday: s$ MO OfF€S 1 -month 2.1111 2.1126 2-momti 2.1065 2.1080 3-month 2.1017 2.1032 6-mon* 2.0890 2.0910 Yesterday's closing reports for Singapore, Hongkong, Tokyo and London could not ba carried because of delays in transmission. SINGAPORE Cloting OffER ND Day'* high Day'*84 words
-
Article187 1987-05-23 5 Asian market fc- L inierDan* deposH t rates us$ OffH BID 7 days 7 1/16 6 15/16 1 month 7 1/4 7 1/8 2 months 7 1/2 7 3/8 3 «ontl 7 11/16 7 9/16 6 months 8 7 7/8 9 mm*N» 8 5/16 8 3/16 12 months 8 9/16187 words
-
Article, Illustration221 1987-05-23 5 Indicates ths average of tha prim* landing rates of 12 major banks in Singapor* Interbank market rates (offer/bid) on May 22 us$ DM SWFC Y«f1 7 doyt 71/1-7 1/1-7 7/1 3 3/4 5/« 7 1/4 7 4 5/16 3/16 1 mHi 7 1/4 1/2 3/6 3 3/4221 words
-
Article61 1987-05-23 5 THE OVERNIGHT rate on the Singapore interbank market closed one point lower at 3% per cent yesterday. The one-month rate rose 9/16 point. Two and three months each gained 7/16 point. S$ Interbank rates at 7pm yesterday: OfF€* HO 0»»fnighf 3 1/2 3 1 -month 5 1/8 561 words
-
Article594 1987-05-23 5 SEPTEMBER Eurodollar opened higher at 91.69 in Singapore yesterday and continued to move higher to an intra-day high of 91.71 on news that Oman cut crude prices by 30 to 38 cents. The Ministry ot Finance's approval of participation by Japanese financial institutions in foreign futures market saw moderate594 words
-
-
Page 5 Advertisements
-
Advertisement538 1987-05-23 5 SinGAPORE AIRLIfIES J (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airlines Limited wishes to make the following announcement:1 AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 1987:Revenue PROFIT FOR THE YEAR After accounting for:Investment income Finance charges Depreciation of fixed assets Profit on sale538 words
-
-
INTERNATIONAL STOCKS
-
Article, Illustration308 1987-05-23 6 Reuter TEXACO INC. burdened by a US$lO.3 billion court judgment and Chapter 11 bankruptcy proceedings, may now find itself faced with the prospects of a takeover battle, securities analysts said. Robert Holmes a Court, the Australian financier, disclosed on Wednesday he held 6.4 per centReuter - 308 words
-
139 1987-05-23 6 Reuter A SPOKESMAN for Rothmans International PLC declined to comment on speculation among tobacco share analysts that it might be contemplating an acquisition. Rothman's 71 per cent held subsidiary Rothmans Inc has announced a special dividend of Cs4o per common share following theReuter - 139 words
-
399 1987-05-23 6 Reuter WALL STREET broke its four session slump on Thursday with a slight gain in moderate trading. But investor's morning boldness turned in the afternoon when the bond market slipped from session highs and commodity prices rose, reminding investors inflation and interest rate fearsReuter - 399 words
-
Article128 1987-05-23 6 MAY 11 AMKN CI 35% Iinco Int Prov Pipa lu Inll 23% «9* 24 %B Alcan Alum 37 24* AJgoma St) IS 15% Bank Nova Scotia Bank CM Montraal 17 33% McMil Bktl 23% 24* Bail Canada 41 31* unci) 23% 28% 35% Northgata Exp 12 X CampM Laka128 words
-
Article207 1987-05-23 6 MAY 21 FUND INDUSTRIALS Tongaat Truat Bk Un Steal Wooltru 1275 242 80 1850 unch -3 -2 unch A Alpha ***** Abarcom Aad ...335 1800 unch 8029 -125 Amaprop 575 *****6 AMIC 6300 2636 -40 Barlow* 2625 -25 7350 -250 C G Smith 4300 Charter ***** CNA 490 Cona207 words
-
Article601 1987-05-23 6 MAY 21 U» A lean Alumin Alcoa Ailag intl Allied Stg Allia-Chalmar* Am Brand* Inc Am Can Co Am Cyanamid Am Eliac Pwr Am Expraat. Am Horn* Prod Am Motor* Cp A max Inc Amarada H**a Amoco Corp Amr Corp Armco Inc Aaarco Inc AH Richliaid Alt Avon601 words
-
Article821 1987-05-23 6 Amsterdam MAY 11 FL8 +f. ABN Aagon Ahold 461 00 67 40 100 60 1 -04 -•-04 126 90 0 4 Alranta 147 90 AMEV Amro Bank Aaa Siad 60 40 76 SO 129 SO -02 0 6 -05 Barkal 1390 BOLS ***** Borsumi) 135 00 Buahrman Taflaroda821 words
-
-
Page 6 Advertisements
-
Advertisement440 1987-05-23 6 itetx id wiae, <lim aad eafertala •>? I Baron's Table Sunday Branch... you'll love it.' Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. You can relish our enormous spread of wholesome fare at only 825.50 per adult and $15.00 per child (under 12)440 words
-
Advertisement204 1987-05-23 6 London Hocks on Pago 15 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 f B Q steaming buffet to itSi I get you through the night204 words
-
-
ASIAN STOCKS
-
Article425 1987-05-23 7 HONGKONG: Share prices closed with pared gains yesterday because of strong chart resistance at around the 2,900 mark of the Hang Seng Index, brokers said. The index gained 26.71 to 2,897.62 after earlier rising over 30 points. The Hong Kong Index rose 16.25 to 1,869.63. Turnover went up to425 words
-
Article131 1987-05-23 7 MAY 22 BANT Ao Kham Thai Ayudhya Investment 310 Bangkok Agro-lnd 107 Bangkok Bank 285 8 2 3 Poet Publishing Saha Union Siam Cement Siam City Cement Siam Commercial Bank 196 272 997 932 M8 2 6 6 6 2 Bank Of Ayudhya 238 Charoong Thai Wire A Cable131 words
-
Article270 1987-05-23 7 Reuter TOKYO: The market average closed up 402.70 points yesterday reflecting optimism over firmer prices on Wall Street. The higher New York market prompted large institutions to start buying again after a week of absence brokers said. The index closed at 24,156.71, just off its midafternoon highs. Gainers ledReuter - 270 words
-
Article73 1987-05-23 7 0 88 MAY 22 PESOS 0 033 0 001 Phil Overseas 0875 0 8 uncn Anglo Phil 0 009 0 002 Apex Mining B 0 0675 0 005 PLO? 427 50 -5 2350 -1 5 Baguio Gold 0 005 unch 0 019 Basic Petroleum 0014 0 001 26 173 words
-
Article326 1987-05-23 7 SYDNEY: Australian share markets yesterday ended with sharp de- clines on thin trading. At the close, the All Ordinaries Index had fallen 19.3 to 1,826.1 after a 96.3 drop in the Gold Index to 3,491.1 and a 28.1 point loss in the All Resources to 1,264.6. Industrial stocks were326 words
-
261 1987-05-23 7 UPI REFLECTING sluggish exports and slow demand at home, Japan's production of four-wheel vehicles in April declined 3.2 per cent from a year ago to 1,033,305 units, the Japan Automobile Manufacturers Association said yesterday. "Exports remained at a low level dueUPI - 261 words
-
387 1987-05-23 7 Reuter C ITOH Co Ltd has overtaken Mitsubishi Corp as Japan s biggest trading house in terms of sales, according to earnings reports released by the company. Mitsubishi had held the top spot for 18 years. Japan's five major trading houses reportedReuter - 387 words
-
146 1987-05-23 7 UPI MITSUBISHI Heavy Industries Ltd, one of Japan's leading heavy machinery makers, yesterday reported decreased sales and profits for the year ended last March 31. The company said unconsolidated sales fell 10.5 per cent to 1,639.736 billion yen from 1,831.548 billion yen for the precedingUPI - 146 words
-
110 1987-05-23 7 Reuter CATERPILLAR INC of the US has signed five agreements to transfer technology to manufacture several models of tractors, wheel loaders, log skidders and engines to 12 factories in China. The company said the agreements, with China Machine Building and China National TechnicalReuter - 110 words
-
261 1987-05-23 7 Reuter TOSHIBA CORP has predicted parent net profit will rise 1.3 per cent to 24 billion yen in the year ending March 31, 1988 from the previous fiscal year, assuming a yen/dollar rate of 140 yen. The company earlier reported aReuter - 261 words
-
-
Page 7 Advertisements
-
Advertisement672 1987-05-23 7 Taipei, Seoul prices and Bangkok market report could not be carried because of late transmission tt id wiae, diae aai eatertaia r Start of A New Experience Kinta-Mani Delightful Indonesian meals! Our specialties include Charcoal Grilled Seafood. Cado Gado, Sate (Satay). spicy Rendangs. Ayam Coreng. Chendol and more! Tickling your672 words
-
Advertisement169 1987-05-23 7 K ENTERTAINMENT the Philippines v? A sensational band that is aura to please with Its fast/ slow numbers, favourite 4 HAPPY HOURS 12 noon Bpm ant/ DISCOUNT on bottle rales and premium •tU brands Plus! Buy one and get one tree K rjui NJ. (CAIHNHILL HOTEL) 19 Cairnhill Circle. S'pore169 words
-
-
FEATURES
-
Article522 1987-05-23 8 WHY DID GARY HART do what he did? What he did was give up his presidential campaign for a woman. It was not, of course, a sacrifice of any sort: Hart stepped aside when newspaper allegations about his dalliance with a woman led to publicity bad522 words
-
Article, Illustration1391 1987-05-23 8 ASAD LATIF - Sir Hamilton Whyte, British High Commissioner to Singapore for the past two years, is due to leave at the end of the month. He is not only saying good-bye to Singapore but also to several decades of life in the diplomatic service. In a1,391 words
-
Article164 1987-05-23 8 DAVID TONG - DAVID TONG SSA Member Dear Sir Recently there has been a lot said in the papers concerning the press statements made by the Registrar of the Singapore Society of Accountants and the legal action taken up by an accounting firm against the Registrar, the president and164 words
-
Article139 1987-05-23 8 MISS KANG HO-SUN - MISS KANG HO-SUN P.O. Box 261 Puean 600 Korea Dear Sir I am a teacher in a well-known high school in Pusan, Korea. My school has 2,500 students of both sexes. I am eagerly seeking foreign students who would like to correspond with our students. There139 words
-
Article407 1987-05-23 8 Letters to the Editor Dear Sir I refer to the letter by J M McCormack of Coopers Lybrand which appeared in The Straits Times on May 14. 1987. Investigations on one's peers are seldom pleasant. They should not only be done, but must also be407 words
-
Article157 1987-05-23 8 LAM PECK HENG - LAM PECK HENG Registrar /Executive Director, SSA Dear Sir Mr J M McCormack has informed your readers (BT May 16-17, 1987) that his firm is preparing its response to the matters raised in the Investigating Accountants report. I have acceded to his request to reply within157 words
-
882 1987-05-23 8 NORMAN LOOGE - NORMAN LOOGE Food Scientist Dear Sir I wish to take issue with points of Richard Seah's article (BT. May 9) on the "for" and "against" of drinking milk. Yet again the public is exposed to an attack on an item in the daily882 words
-
-
Page 8 Advertisements
-
Advertisement44 1987-05-23 8 BT welcomes letters from reader*. Your letters must Include your signature, full name, address, and home and office telephone numbers, If any. You may add a pseudonym, H you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923.44 words
-
-
Page 8 Miscellaneous
-
Miscellaneous747 1987-05-23 8 CRYPTIC PUZZLE ACROSS 9 Accentuate when you draw (5, 3) 10 Identify the bird? That's very easy! (3) 11 "Short excursion" has a good sound to it (6) 12 The vehicle, my dear, is a minor luxury (6) 13 Carried away, gets emotional again (7) 14 Shut up, good heavens!747 words
-
-
Executive Lifestyle
-
Article251 1987-05-23 9 CLOSED COMMUNICATIONS, for some company executives, means directing reporters to government bodies, usually the Economic Development Board in the case of manufacturing companies. This is a common enough ploy. One Japanese executive took it a step further. In his eagerness to get a BT reporter off251 words
-
Article286 1987-05-23 9 Reuter RECOVERING from a hangover with a bottle of French mineral water, Irteti entrepreneur Geoff Read decided: "Anything they can do, we can do better." Now, three yeare later, Read'a Ballygowan Spring Water has become the biggest aeller in Ireland and la about to he launched in the highlyReuter - 286 words
-
Article, Illustration589 1987-05-23 9 SWARAN KAPUR - PiAA^^ With SWARAN KAPUR MY DEAR RITA, We first met 15 years ago and we've been married for almost eight. I've sometimes wondered though, if you're the right woman for me. My doubts began during the honeymoon in fact. There we were. 7,000 feet589 words
-
Article, Illustration1197 1987-05-23 9 JAIME LYE - By JAIME LYE "I'VE NEVER tasted so much dirt in my life. My tongue's just dragging across the floor.'' The remark came from an onlooker whose vocal appendage was, for sure, just one of the many which must have been hanging out since the Miss Universe1,197 words
-
Executive Lifestyle: Entertainment, the Arts & Pursuits
-
Article, Illustration580 1987-05-23 10 JAIME LYE - THEATRE By JAIME LYE AS IT TURNED OUT. Rita wasn't the only one who received an education in the recent Cafe Theatre production, Educating Rita. The audience in turn learned a lesson about patience, annoyance and the Welsh accent. In particular, this reviewer learned to take580 words
-
Article, Illustration515 1987-05-23 10 MONICA GWEE - JEWELLERY By MONICA GWEE MEOW! The sleek dancer almost howled as the television camera trained on her registered its dissatisfaction with her image. "Do you want me to smile differently?" she asked, wearily. Round her neck, a yellow-gold necklace flashed fire from yellow sapphires and515 words
-
Article, Illustration705 1987-05-23 10 RICHARD SEAH - HEALTH By RICHARD SEAH IF LIFE'S NO SWEAT, you are in for trouble. Exercise is important. Very important. No amount of healthy food and restful sleep can make you very healthy if you lead an inactive life. This may be stating the obvious. Yet705 words
-
-
Executive Lifestyle: Entertainment & the Arts
-
Article, Illustration120 1987-05-23 11 And now, the opportunity to stretch that drink for ever and ever, and ever THE LONGEST SINGLE newspaper advertisement in the world? As far as Riche Monde Pte Ltd, distributors for Hennessy cognac and its agency, know, there hasn't been such a linear stretch of the imagination over a new120 words
-
Article417 1987-05-23 11 SHORTTAKES THE HI! THEATRE is an unusual drama group that does not depend on dialogue to get their point across in a play. Aged from 18 to 25 years, two-thirds of the 14 players are hearing-impaired, but that has not curbed their love for the417 words
-
Article, Illustration446 1987-05-23 11 BRIAN MILLER - NIGHTSPOTS By BRIAN MILLER I BELIEVE I liked them instantly because they played my kind of music plenty of the Beatles coupled with a generous helping of The Beach Boys. Good foottapping stuff. And the three girls who made up the frontline were446 words
-
Article, Illustration962 1987-05-23 11 JAIME LYE - MISS UNIVERSE By JAIME LYE BE THANKFUL FOR small mercies if you were only able to catch the Miss Universe Presentation Show on television last Wednesday. Sure you missed the swimsuit parade, but even if you had been lucky enough to get a seat962 words
-
Article847 1987-05-23 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Crocodile Dundee starring Paul Hogan. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15, Kreta Ayer People's: 1.30; 4; 6.30; 9.15. Police Academy 4 Steve Guttenberg, Bubba Smith, Bobcat Goldthwait. Showing at Capitol, Changi, Savoy and President. Ferris Bueller's Day Off starring Matthew Broderick. Showing847 words
-
-
Executive Lifestyle: Sports
-
569 1987-05-23 12 Brian Miller - on TMCK with Brian Miller HE ARRIVED with a pretty good home record having won over 1400 m on a city track in Australia early last year. Touted as a forward sort, Maxalon was quietly fancied in his local debut in December.569 words
-
Article, Illustration329 1987-05-23 12 BOXING Reuter MIKE TYSON's trainer thinks the World heavyweight champion will have the toughest fight of his career when he takes on fellow American Pinklon Thomas in a 12-round bout on May 30 in Las Vegas. Trainer Kevin Rooney is impressed with Thomas,Reuter - 329 words
-
311 1987-05-23 12 Reuter THE LIGHT heavyweight title bout between champion Marvin Johnson and Leslie Stewart was in doubt on Thursday because two of the officials have worked in South Africa, according to the National Security Ministry of Trinidad and Tobago. The country's first world championship boxing match, scheduledReuter - 311 words
-
528 1987-05-23 12 WALTON MORAIS - GOLF By WALTON MORAIS ON A DAY when he could do little wrong, M Murugiah blitzed the Jurong course with four birdies to take a three-stroke lead at the halfway stage of the Singapore Golf Association's monthly 72-hole tournament yesterday.528 words
-
Article, Illustration889 1987-05-23 12 MIKE THUMBA - BRIDGE MIKE THUMBA IT- IS BELIEVED that the Epson \ofbrld Bridge contest is the only sporting event in the world in Which an ordinary player can compete with the leading bridge pftyers of the world. I Ichiro Hattori, president of the deiko889 words
-
Article472 1987-05-23 12 TENNIS AFP DEFENDING CHAMPION France crashed out of the rain-hit World Team Cup tennis competition in Dusseldorf, West Germany, on Thursday when it lost both singles in its Blue Group match against Spain. The result of yesterday's doubles cannot save the French who also lostAFP - 472 words
-
Article, Illustration883 1987-05-23 12 AP STEADY, consistent, graceful, ice cool under the most intense pressure. That's how most fans looked at Chris Evert as she created her own era in women's tennis. But some things suddenly are different for the woman who pioneered the double-fisted backhand that challengedAP - 883 words
-
Article277 1987-05-23 12 BADMINTON Reuter KIRSTEN LARSEN of Denmark, stung by her shock third-round loss to an Indonesian schoolgirl in the world badminton championships on Thursday, said her play had faltered since she won the All-England title in March. "I had not been playing very well for theReuter - 277 words
-
-
Executive Lifestyle: Personal Investment
-
Article, Illustration900 1987-05-23 13 Platinum more than an exotic metal INVESTMENT NYT PLATINUM may be much rarer than gold and may have far more important industrial uses than silver, but the dull grey metal is only now starting to attract sizeable numbers of investors. One major reason is that platinum is now readily availableNYT - 900 words
-
Article, Illustration1040 1987-05-23 13 RAMESH CHANDIRAMANI - STOCK MARKETS By RAMESH CHANDIRAMANI THE HIGHER the Nikkei-Dow Average gets, the more fearful foreign investors become. "When will the bubble burst." they all wonder. And although many contend that Japanese equities are vastly overpriced relative to other stock markets, thereSource: - 1,040 words
-
823 1987-05-23 13 LISA LEE - SHARES {BUB*JBt By LISA LEE BESIDES picking the right stocks and watching the prices climb up to the roof, there comes the crucial decision of whether to hold on or to sell out. Most investors dream of making fat profits by selling shares823 words
-
Article, Illustration319 1987-05-23 13 Ramesh Chandiramani - by Ramesh Chandiramani YESTERDAY'S market correction has made several readers nervous, some of whom anxiously rang BT trying to find out if there has been a change in the bull track. As mentioned last week. Singapore's fledgling bull market still has some319 words
-
579 1987-05-23 13 ART by Sotheby's Research Department THE PACE of activity quickened in the art market last week. With important sales of Impressionist and Modern art still to he held in London (having ended in New York earlier) preliminary indications show this market gainingby Sotheby's Research Department - 579 words
-
-
-
Page 9 Advertisements
-
Advertisement15 1987-05-23 9 The only Card youTl ever really need. Call 732 2244 for an application form today.15 words
-
Advertisement56 1987-05-23 9 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 after-sales care. f56 words
-
-
Page 10 Miscellaneous
-
Miscellaneous2493 1987-05-23 10 SLOTS TO WATCH Hitchcock, Spacek and Perry Mason TODAY: Savour Hitchcock at his best in Tha Lady Vanish** (8 30 pm, Channel 12). Combined with a witty script, this makes for a delicious mystery comedy where a young woman is thrown into a web of intrigue when an old woman2,493 words
-
-
Page 13 Advertisements
-
Advertisement28 1987-05-23 13 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.28 words
-
-
SHARE INFORMATION
-
Article, Illustration4381 1987-05-23 14 PROFIT-TAKING was fairly rampant on the stock market yesterday, resulting in losing issues overwhelming gainers by a more than three-to-one margin. Trading, however, slowed to 53.88 million shares valued at $01.08 million from Thursday's 75.87 million units worth $128.20 million. Except for loan stocks, all4,381 words
-
Article213 1987-05-23 14 SINGAPORE m Ritet Indict Wand A Nn 4S0 +42 »T *****4 1044.92 0 Kor—o» 675 20 4T Ot/OS 302 25t *»4ora» »W 45* +14 »T CAO» -5759 -5*40 IG4 Corpn 50« 170 +15 W 10-doy MA -5945 -5919 ,A '390 +10 IIOIV »*****7 (***** 350 +10 STMnMrtak213 words
-
Article4771 1987-05-23 14 SECTION ONE MOurmiAL t COMMERCIAL Aono (1.71 Bl 152) 1.72 11« I 70 041 1-71 «12 173 1101 170 1711 1.71 QO 1.72 Alcorn 0» St 111 OJO (9 Oil (Id 07? Ami SM SO< (2.40 8242 S) 1121 2.53 255 1171 252 (141 2414,771 words
-
-
COMPANY NEWS
-
Article, Illustration373 1987-05-23 15 HOMER CHEN - By HOMER CHEN THE; LIQUIDATORS of Wannian Holdings. Ernst Whinney, will be negotiating over the weekend with the top two bidders of the furama Hotel in Chinatown. The;price tag is expected to be more than $46 million. The bidders are a local party and.373 words
-
Article185 1987-05-23 15 THE HONGKONG and Shanghai Banking Corp said its HK$3.3 billion rights issue of 471.87 million shares was oversubscribed by 8.8 per cent. Provisional allotments have been accepted for 445 million shares. The bank said applications for 68.31 million excess shares were received and hence the 26.85 million excess185 words
-
Article, Illustration485 1987-05-23 15 NAJEEB JARHOM - By NAJEEB JARHOM TWO WEEKS after disclosing substantially lower profits for the year ended January 1987, mining giant Malaysia Mining Corporation has announced a M 5102.9 million cash-raising exercise. A one-for-four rights issue of 10-cent par value shares at the price of $1485 words
-
501 1987-05-23 15 D C holding tie-up talks with broking firms MBT DEVELOPMENT COMMERCIAL Bank (D C) is currently holding talks with a few stockbroking firms. This was disclosed by executive chairman Geh Ik Cheong at the company's EGM held in Kuala Lumpur on Thursday. Though no details were given, it is believedMBT - 501 words
-
Article3616 1987-05-23 15 INDUSTRIALS Aono <***** Aonomoto 060S) xd Alcorn (918 935) 0» 96 09) 95 (2) 92 IS 94 17) 93 AJSB *****) 111 145 131 144 111 143 161 142 (231. 141 156) 140 (37) 139 118) 138 (7) 137 lIS 135 (36) 134 (IS 1363,616 words
-
Article121 1987-05-23 15 HONGKONG All Industrials Hongkong Index Fridoy *****3 Friday ***** Thursday ***** Thursday 1853 38 Week ago 2509 8 Week ago 1855 50 NEW YORK Hang Seng Index Friday 2897 62 Dow Jones Thursday 2870 91 Thursday 2225 77 Week ago 2872 19 Wednesday *****7 Week ago 2325 49121 words
-
Article265 1987-05-23 15 Managers' prices MARA-Bumiputra for May 23 25 First B'putra 653 6 58* Singapore Unit Trust Second B'putra 592 597 The Commerce 109 The Savings Fund 095 S'pore Prog Fund 046 1 16* 101 050 Third B'putra Fourth B'putra FiHh B'putra Sixth B'putro 4 76 544 352 378 212265 words
-
Article747 1987-05-23 15 LONDON share prices were marked up in early trading yesterday mostly in a technical reaction to Thursday's falls, with sentiment helped by a higher close on Wall Street. INDUSTRIALS May 21 Pane* AidoMFl 169 SO 5* AII»«dlyO«* 41* 5 BTt PIC 315 3 Bobcocks 218 2 Bor cloys747 words
-
-
Page 15 Advertisements
-
Advertisement234 1987-05-23 15 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Samta Ruby Trading Pte. Ltd., hereby give notice that in consequence of our Purchase a motor vessel M.V. SEIHO MARU NO: 7 of Japan. We have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping234 words
-
Advertisement290 1987-05-23 15 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF SPECIALISTS' RESTAURANT PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of SPECIALISTS' RESTAURANT PTE. LTD. duly convened and held at No. 279 (Ist290 words
-
Advertisement289 1987-05-23 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ANGLO ASIAN REALTY PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of ANGLO ASIAN REALTY PTE. LTD. duly convened and held at 83289 words
-
-
528 1987-05-23 16 ELAINE KOH - By ELAINE KOH PRELIMINARY POINTS on whether the Asian Wall Street Journal could employ a Queen's Counsel and whether the Attorney-Gener-al had a right to be heard at this stage were argued for about an hour before Judicial Commissioner Chan Sek Keong528 words
-
145 1987-05-23 16 AP MALAYSIA'S new Foreign Minister Abu Hassan Omar said yesterday that he would continue to give priority to cooperation with member countries of Asean and the Organisation of Islamic Conference. Mr Abu Hassan was speaking at his first press conferenceAP - 145 words
-
696 1987-05-23 16 LUCY NG - Council expects 3pc to 4pc economic growth this year By LUCY NG WAGES are expected to rise a little this year as the economy improves and as wage restraint becomes less severe, according to Professor Lim Chong Yah, chairman of the National696 words
-
Article, Illustration169 1987-05-23 16 HELPING COMPANIES to implement wage reforms was singled out yesterday by Professor Lim Chong Yah as a key role of the National Wages Council over the next few years. But once the reforms were installed and unions and employers could negotiate directly without169 words
-
421 1987-05-23 16 Reuter AMERICAN CONSUMER prices rose by 0.4 per cent in April as rising energy and clothing prices helped push the inflation index higher. The April rise in the Consumer Price Index, though significant, is lower than what many financial analysts hadReuter - 421 words
-
464 1987-05-23 16 Bernama ES THE FEDERAL Territory Malay Chamber of Commerce and Industry yesterday voiced concern over the recent large-scale legal action being taken by several banks in foreclosing bumiputra businesses which faced loan repayment problems mainly owing to Malaysia's economic slowdown. Its chairman MoehamadBernama ES - 464 words
-
259 1987-05-23 16 NYT RESPONDING to prodding from both the Commodity Futures Trading Commission and from many of its member-firms, directors of New York's Commodity Exchange late on Thursday approved changes in the way its precious metals contracts are submitted and traded. The Comex Board took the stepsNYT - 259 words
-
240 1987-05-23 16 SOH TIANG KENG - By SOH TIANG KENG THERE was overwhelming response yesterday to the auction of the Government's second bond issue of $300 million under the newly-revamped market. The two-year issue was subscribed by nearly four times. Applications for the taxable bonds, to be issued on Tuesday,240 words
-
Article82 1987-05-23 16 Reuter COMEX GOLD FUTURES sank to new lows for the week on preholiday liquidation yesterday, but the sell-off was more explosive than usual. Gold for delivery in June dropped US$B.3O to U*****.00 an ounce, clearly violating Monday's low of U*****.50. "Chart patterns have been dictating a downward correction,Reuter - 82 words
-
Article61 1987-05-23 16 AP WALL STREET advanced broadly yesterday morning, following through on Thursday's modest rally. The Dow Jones Average of 30 industrials climbed 16.84 to 2,242.61 in the first hour of trading. Gainers outnumbered losers by more than 2 to 1 in the overall tally of New York StockAP - 61 words
-
LATE FILE
-
Article49 1987-05-23 16 UPI IN LINE with the government effort to stimulate domestic growth, major Japanese financial institutions have decided to lower the long-term prime rate to a record tow, Kyodo news service reported yesterday. The report said the decision will take effect next Thursday. UPIUPI - 49 words
-
Article36 1987-05-23 16 Reuter THE LONDON Metal Exchange (LME) committee has recommended that its Singapore warehouse be approved as a delivery point for copper, lead, zinc and nickel in addition to aluminium, an exchange spokesman said.Reuter - 36 words
-
Article45 1987-05-23 16 Bernama MALAYSIA yesterday came out in support of the call by three South Pacific leaders against outside interference in the Fiji crisis. "Malaysia hopes that all countries re* frain from exerting undue pressure on Fiji," said the Foreign Ministry.— BernamaBernama - 45 words
-
Article34 1987-05-23 16 UPI NO DIFFERENCES exist in re* lations between Beijing and Pyongyang, top Chinese leader Deng Xiaoping said in a meeting with North Korean President Kim II Sung yesterday. UPIUPI - 34 words
-
36 1987-05-23 16 AFP A SENIOR Thai Army officer responsible for operations along the border with Cambodia has spoken against closer ties between Thailand and China, the Nation newspaper reported in Bangkok yesterday. AFPAFP - 36 words
-
Article45 1987-05-23 16 AFP THE MALAYSIAN government is contemplating action against Far Eastern Economic Review for alleged false reporting. Jalaluddin Bahauddin, press secretary to Prime Minister Mahathir Mohamad, said a report on the prospective sale of territory to Brunei was "absolutely false." AFPAFP - 45 words
-
-
Page 16 Advertisements
-
Advertisement116 1987-05-23 16 RULL AHEAD OF THE COMPETITIONS BT Keeps you ahead of your competitors with the latest corporate developments BT, Singapore's largest business daily, gives you 4 full pages of local and international company news to help you marshall facts information effectively. These statistical pages are a must reading for professionals, executives116 words
-
-
Page 16 Miscellaneous
-
Miscellaneous28 1987-05-23 16 Report tor 24 hours 7.30pm on May 22 at port Maximum tomporturo i if 1 Jb—l PalnlaM ikl. ml# niOnwl Q*lny AA iM HIIA nainy oijrv mil rnonui28 words
-