The Business Times, 26 July 1987

Microfilm: NL15870
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES M.C. (P) No. 112/12/8« Weekend Edition, July 25-26, 1967 75 CENTS
    13 words
  • Article, Illustration
    Untitled
    186 1 THE S$ closed marginally higher at $2.1155/65 ($2.1166/75) against the US$ in quiet trading yesterday. It fell slightly against and yen, but remained at the previous day's levels vis-a-vis the HK$, M$ and DM. US* 150.65/75 yon, 1.8575/85 DM, $$2.1155/65 U551.6015/25 Ms« 550.8305/15 Sknex DM (Sop >0.5409 (-2) Guro-$ (Sap)
    186 words
  • Article
    Lock icon Sri Lanka and India reach accord on Tamil conflict
    355 1 Reuter SRI LANKA and India have agreed on a plan to end the island s Tamil separatist conflict which has killed more than 6,000 people in the past four years, according to a senior minister yesterday. Indian Prime Minister Rajiv Gandhi
    Reuter  -  355 words
  • Article
    First Capital shares take a beating on the market
    450 1  -  Scheme to acquire Promenade and raise $160 m now in jeopardy By LEE HAN SHIH Property CorroipowdoiH A MASSIVE $80 million wu wiped off the market value of First Capital Corporation (FCC) yesterday, throwing into Jeopardy the fast-moving company's ambitious plans
    450 words
  • Article
    SES did not send company's reply to BT
    250 1 THE STOCK Exchange of Singapore has •xproMad Ha regret for an "inadvertent oversight" in not sending BT a reply from First Capital Corporation which was given to the exchange late Thursday night Aa a reeult of not receiving the statement BT's front-page
    250 words
  • Article, Illustration
    ST Index loses 11 points as profit-takers send prices lower for third day
    238 1 WtOCBPItEAO profit-taking pushed share prices lower asssee the boerd tor the third hi the Singapore The Bs siH Timee Induetrial tetfea ehed 11J1 points to IJW.H sMe Me BT Compoeito Ma mi «J» points to 1,221.66. OW|
    238 words
  • Article
    Lock icon Tokyo passes big supplementary budget
    173 1 Reuter JAPAN'S parliament peesed its largeet supplementary budget in 13 years yeeterday but government officials said it would not be enough to cut the country's trade surplus dramatically. The 2,079 billion yen (UBSI4 billion) special budget forme the core of the 6.000 billion yen emergency
    Reuter  -  173 words
  • Article
    Lock icon US economy grew at 2.6pc in last quarter
    97 1 AP THE US ECONOMY grew at a modest annuel rate of 2.6 per cent in the April-June quarter, the slowest performance in a year, the government reported yesterday. The Commerce Department said the second quarter change in the groes national product, the
    AP  -  97 words
  • Article
    Lock icon Rajiv Gandhi sacks another Cabinet minister
    127 1 Reuter PRIME MINISTER Rajiv Gandhi last night dismissed a government minister for criticising India's outgoing preeident the third to leeve the Cabinet in 10 days. The Prees Trust of Indie (PTI) said President Zail Singh demended the dismissal of Mr K K Tewari, a
    Reuter  -  127 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      236 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Full report, Pagt 14 World Maifcots, Pages I and 7 THERE ARE CERTAIN ROYAL TRADITIONS which modern democracies could do well with. Prime among these would seem to be fhe tradition of the royal jester. He was employed to tell the King the truth
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      Page 1 Advertisements Column 2
      275 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Attention stuffed shirts! Page 9 Things that go bump with the last bus Page Carbohydrates undeserved villainy Page 10 TV programme* for today and tomorrow Page 10 Miss Marpie, Q and S. and Alabama Page 10 Winger and Russell in a web of no
      275 words
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  • HOME NEWS
    • Article
      Everbloom in Lankan mushroom venture
      566 2  -  By ANNA TEO MUSHROOMS will be sprouting the Everbloom way in Sri Lanka next year, in what the only local commercial mushroom grower hopes will be its big breek overseas. Everbloom Biotechnology is going into a $2.2 million joint venture with listed John Keells Holdings
      566 words
    • Article
      National statistics a phone call away
      304 2 THE PUBLIC can new aubacribe to an on-line data beae service which gives them aocaae to a comprehensive range of economic information from the Department of Statistics and other government bodies. The Public Acceaa Time Series (PATS) database will enable organisations and firms to
      304 words
    • Article
      Only the owner can decide, says Kidney Foundation
      288 2 THE LAW on organ transplant is very dear on the point that only the owners can decide whether or not to donate their kidneys, should they die In sn accident Mr TT Durai. honorary secretary of the National Kidney Foundation, said the
      288 words
    • Article
      Meeting to explore scope for investment in Sri Lanka
      210 2 SIXTEEN SMALL and medi-um-sized companies intereeted in invMting in Sri Lanka are scheduled to meet a delegation which arrived here on Thursday. Mr T Samarasekara. who leedi the four-man Sri Lankan team, said theee companies were largely manufacturers of jewellery, leather
      210 words
    • Article
      Call for release of detainees
      76 2 MR CHIAM SEE TONG. the sole opposition MP, intends to get the House to ask the government to release the 15 persons detained under the Internal Security Act when Parliament resumes its sitting on Tussday. Mr Chiam will need the support of at least one
      76 words
    • Article
      Corrections & clarifications
      96 2 Corrections clarifications IN MONDAY'S BT. it was incorrectly headlined in the Sports A Leisure pages that Mr Alex Tay was the winner in the second leg of the Guinness circuit championship last Sunday. The winner. in fact, was Mr Anthony Chua. In yesterday's story headlined "Bank Bumiputra to borrow 10
      96 words
    • Article
      New York show draws more local jewellers
      114 2 ENCOURAGED by last year's results, mors jewellery manufacturers srs hssding for sn international Jewellery show in New York today. The International Jewelry Show has drawn 21 perticipenls from Singapore, up from laet year'» 17. They will be there until Wednesday. According to the
      114 words
    • Article
      EDB to help upgrade tool and die industry
      360 2 THREE PROGRAMMES to upgrade the tool and die industry will be carried out by the Design Advisory Services (DAS) of the Eoonomic Development Board Ms year. DAB will set up a clinic by year snd to edvise local companies on the use
      360 words
    • Article, Illustration
      Parade floats to reflect high-tech age
      86 2 OVER A MILLION Mar*' worth of horn* In piychtdtHt colour* wM mark flha MghMght af Mo yaar*a National Day parada. Of Mta 17 float», tia moot and >ia Maoa Rapid Traaaft Corporation, aach af which wM ba daekad In $100,010 «lory. Tha aoo af
      86 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    811 2 ARRIVALS Operator Sorvic* number Local tfcrw From MAS MH671 0920 KUL AC AC858 0925 YYZ/IHR/80M CPA CX710 1015 CGK MA ***** 1100 IWN GIA GA960 1100 CGK SIA SQ105 1105 KUL S1A SQ201 1145 CGK SIA SQI 91 1155 PEN SIA SQ238 1155 MES THAI TG403 1155
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  • Article
    SHIPS IN PORT
    961 2 AT CONVENTIONAL WHARVES MAfW/l WHARVES v~* Ml i Arrival Dp«. longao S#omof MSB M4 M4 gloipidi 2557/2300 2557/0600 2557/1200 KEPPEL WHARVI ES Wijoyo Kunmo M3C n'nipi'rfi 2SJ07/0700 Dooyong Horaoffy K32 oftonQstfs 25.07/1500 Horapon Sowdro MIC 2557/OfOO 2657/0100 For Eoit Pilot K3S otoafrid* 29j07/0«00 Hong Soon MSC 2557/0700
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      57 2 TmA kHJ s,ness person's chcxe. every I jf II I l| 1 Tuesday, Thursday, Saturday and I I fIV I fI \l II 1 Sunday. Leaving Changi Airport at I I Vyy L A 22:05 hours and arriving at Lester B. Pearson International Airport the following doy. Call your Travel
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      37 2 Singapore OUTLOOK: In Mvtral irui In lata ••port for 24 Sown prior •o 7.30pm an My 34 at Mo 'Janeiro Rom* San Frfc'oo San Juan jonnoyo Soo Paulo Sydney Taipol Tol Aviv Tokyo Toronto Vancowor Vlonna Warsaw
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  • OVERSEAS
    • Article
      Lock icon Asean thinks Japan can do more for trade ties
      307 3 Bernama ASEAN MEMBER countries believe Japan can do much more in giving substance and moaning to continuing Asesn-Japanese cooperation, particularly in trade. The six-member regional grouping ia of the opinion that the verious primary commoditiee and manufactured goods should find better
      Bernama  -  307 words
    • Article
      Lock icon EC ministers fail to agree on budget deficit
      89 3 AFP A MEETING of European Community finance ministers in Brussels on Thursday broke up without agreement on how to tackle a predicted six billion ECUs (US$6.B billion) deficit in the 1988 budget, EC sources said. Estimated revenue of 35 billion ECUs (US$39
      AFP  -  89 words
    • Article
      Lock icon Women — how they fare in Europe
      208 3 Women how they fare in Europe AFP A NEW EC study on housework and chiidrearing shows that Danish and British coupiea are the most egalitarian, whils Weet Germans and Luxemburgers are the most eager to keep women firmly in the kitchen. Overall, leaa than half (41 per cent) of the
      AFP  -  208 words
    • Article
      Lock icon Orders for expensive US manufactured goods up in first half year
      222 3 Reuter ORDERS FOR expensive manufactured gooda picked up during the firat half of 1967, lending some weight to claims the US trade shortfall with the real of the world waa gradually improving, US adminiatration officiala and private analyata aaid
      Reuter  -  222 words
    • Article
      Lock icon Parting remarks from the Fed chairman
      423 3 Reuter DEPARTING Federal Reaerve Board chairman Paul Voicker aaid on Thuraday that containing the US inflation rate depended largely on the stability of the dollar. In what ia likely to be hie final appearance before Congreea aa chairman of the powerful US central bank,
      Reuter  -  423 words
    • Article, Illustration
      Lock icon Where Japanese is serious business
      479 3 Reuter VETERANS of what may be the world'a tougheat language course liken the 18-month immersion in Jspensss to having all one's tseth pulled out Even under the most leisurely of circumstances, mastering the intricacies of the Japanaoe language is s gruelling process that tow foreigners
      Reuter  -  479 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      543 3 36 different food Mt-k macro lens caa pat you a boat row-teat Unretouched photograph taken with a standard 35 mm camera, 64 speed film. In total darkness and in Q3 seconds, the difference between the SFX and everyone else is like night and day Unre tow chert photograph taken with
      543 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      42 3 Doonesbury IT HAS Hi EXTRAORDINARY OFFER. TLLB£6LADTV\ meetabuhidal ON BOUAL TERMS ANYMHERENTt€& MORLP! OKAYm THB&SANm even pgalu FOR HIM! r* BY GARRY TRUDEAU POMNE UXJCHIN6 SNICKERED ATTHE COLONEL'S PROPOSED MANO-A-MANO SHOHWOKUN. A BREAK-, y' lUELL, ALMOST EVERYONE 'A H PALACE! I i
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  • FOCUS
    • Article
      Lock icon World markets feeling the weight of Japanese money
      709 4 Tokyo's surpluses today were deficits only five years ago. But the Japanese, whose money is bearing down heavily on world markets, has a lot to leam. Meanwhile, dollar bond markets remain the only markets big enough to absorb the bulk of Japan's
      Reuter  -  709 words
    • Article
      Lock icon Fears about the dollar prompt search for alternatives
      774 4 Reuter DOLLAR BOND market* remain the only ones big enough to absorb the bulk of Japan's huge capital outflow but the fears of Japaneee investors about the dollar's long-term health have made diversification the trend of the future, dealers and officials say.
      Reuter  -  774 words
    • Article
      Lock icon It takes a bit of time, but the impact on equities will come
      495 4 Reuter JAPANESE INVESTORS will have a major impact on foreign equities markets, but the mad rush forecast by London brokers last month is unlikely. Portfolio managers in Tokyo say they went to diversify into foreign equities, but
      Reuter  -  495 words
  • COMMODITIES
    • Article
      KL Tin
      87 4 TIC PRICE of «n on the KLTM deeed unchanged at Thursday's M$ 16.08 a h| la brief an 4 Mi trading y lardsj. Buyers aad sailers lag price of Traaeactfoae totsllsil 15 Ml Ne raienlnj^or^or- steadlneaa reflected a steady European epot market and continued sporadic Japaneee and European
      87 words
    • Article
      RAS and MRELB
      293 4 RA8 prices mic IB Mai 1 NOON close tat 1 RSS Prow pvywrs pt 216.00 217.00N pvyvn 217JO 218 JON Int 1 RSS Aug 87 ***** 215.25 ***** 216JO b* 1 RSS Sop 214.00 ***** 215 JO 2164)0 hi 2 RSS Of 210.00 212.00N 211 JO 213
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    • Article
      SSR and SMR
      77 4 I s poitott) AUGUST 87 SEPTEMBER 87 (currant month) (forward month) RAS NOON NOON kiwi liiliri Ivyan S*H*ri SSI 30 1M.00 190.00N 180.00 190.00N SSI 50 186-50 187.50N 186.50 107 JON MRELB SfHffi kvyart SMI CV 360.00 270.00N 369.00 271.00N SMI I 360.50 *****N 269JO 271 JON
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    • Article
      Rubber
      305 4 SMOAPORE The market doeed slightly higher yesterday with August One RSS buyers quoted at 216.00 cents s kg, up 0.50 cent from Thursday. The morning session lost 0.75 cent on long liquidation in very quiet trading. But the market picked up in moderate afternoon trading on speculative buying following
      305 words
    • Article
      Soybean
      79 4 SOYBEAN FUTURES on the Chicago Board of Trada closed mostly lower on Thursday, ranging from up 214 US cents a bushel in old crop August to down 2% in new crop may. November settled at U555.1714 after posting an 814-cent range on the day. Soyproduct futures closed mostly lower,
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    • Article
      Wheat
      136 4 WHEAT FUTURES on th* Chicago Board of Trade closed on or near the lows on Thursday, down three to one US cent a bushel in light trade. September settled at USs2.s9* after posting a 414-cent range on the day. Corn futures traded mixed, ending mostly higher with a loss
      136 words
    • Article
      Produce Prices
      237 4 ChiniN Product Stfcn' noon daring prfc M My 24 (SI/100 kg) Coconut oil Mk FOB 96.00 OW dram FO« 106.00 Now dram KM IIOlOO Copra Mixed (low*) 57 Pepper rot niw 1 ISOjOO FOt faq NIW *****)0 Sofowdi iptdd Mack FOt NIW Sarawak AHo 935 j00 Mack FOt
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    • Article
      Palm Oil
      460 4 Crude pafen oa futures clossd saghtfy higher yeetorday on the Kuala Lumpur Commodity Exchange (KLCE). Dealers said the market opened at higher levels and roaa further on short-covering. Major buyers came from the physical houses and the overnight stronger Rotterdam market dosing also helped market sentiment. August dosed
      460 words
    • Article
      Oil and Products
      76 4 THE EAST ASIAN petroleum products market opened lower yesterday, following further falls on the US market but rallied slightly later when one of the re-registered Kuwsiti tankers hit s mine in the Arab Gulf. DMIM Wo» W USI/W«al 1«u00 •an wnaCl"' ai.is -043 Products (FOB S'por*) UU/WiW
      76 words
    • Article
      Precious Metals
      330 4 lIONQKONCL Ths mstsl closed slightly lower ysstsrdsy in moderaievy ocnvc xraaing wnn in® unwinding of long positions ahead of the weekend. El L ml If nmm 111 rWWs [Hal r\UWßlll Uum" or Bridgeton under US eeoort hit s mins had litttw impact on the market, though the US
      330 words
    • Article
      London Markets
      299 4 London Commodity Exchange gMm phem m My 23 U/mmw m N«lMdMh|prt panrikMb *Mi apadftod). bm In Coin tadi h mon londe OF London My 1213/1220 (1193/1190) H^i/low 1200/1200 V* 1243/1244 (1223/1225) 1244/1225 Sato* *****) Coctn My 13*5/1400 (13*0/1377) M^VW 13**/13*0 S-P 134*/134* (1340/1349) »*/u. 1351/1330 Sate* (33*5) N»
      299 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Simex/IMM
      548 5 BA Futures SEPTEMBER Eurodollar -yesterday opened higher than Thursday's CME close at 92.71 on weeker monetary data; but bearish sentiment on rumours over the poor US second quarter GNP to be released later in the night led pricee to the r day's low of 92.67. The September contract finally
      BA Futures  -  548 words
    • Article
      Government securities market
      83 5 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MD OFFEt HK5H LOW 3 momtn 6 momta 1 y*or BQ*****A BS*****Z IY*****S 22.10.87 3.05 21.0148 3.08 30.06J8 3.17 2.95 2.98 3.07 3.00 2.99 2J02 3.02 Government notes and bonds Period Issue code Maturity Coupon Yesterday's dosing Day's
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    • Article, Illustration
      World interest rates
      180 5 > IB Jflll «W l»H|« of flw priM Isndtog ralss of 11 major tanks In rpors 1 I i j Interbank market r atas (offer/bid) on July 23 us$ DM SWFC Y«n 7 4my% J/4 J/« SI/2 1/4 J 7/« J J/4 1 1/4—1 j ii/i« —t/i*
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    • Article
      Forex markets
      972 5 SMGAPORE: The US dollar closed weaker yeeterday against most major currsncies, attar .firming briefly in the afternoon on news the tanker Bridgeton had hit a mine in the Quit. The dollar roee above 151 yen and 1.86 marks Immediately following the news but ths riss was short-livsd. Operators
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    • Article
      Money markets
      62 5 THE OVERNIGHT rate on the Singapore interbank market roee one point to doee at 3K per cent yesterday. The one, two and three-month term rates roee by 1/16 point each. S$ Interbank rates at 7pm yesterday: orm m Ow- SI/2 9 1/4 '-"■A 4 1/1« J IS/I* 2-Mb
      62 words
    • Article
      Asian $ market
      198 5 Asian market ASIAN DOLLAR deposit ralss closed little changed from opening levels, in thin pre-weekend trading yestsrday. News of a 1.4 per cent rise in US durable goods ordsrs had little impect on trading. Short-dates were steady at the outset and remained unchanged subsequently. Weekend end week-fixed cloeed at 6%
      198 words
    • Article
      Lock icon New bid to regulate UK money markets
      314 5 Reuter THE BANK OF ENGLAND has staked a claim to regulating key London-baaed international markets. in spite of the fact that it has no legal authority to do so. The British central bank on Thursday issued a report outlining new standards for how
      Reuter  -  314 words
    • Article
      Lock icon Midland Bank's pre-tax profit up 29pc to £251 m
      352 5 NYT MIDLAND BANK PLC reported on Thursday that its pre-tax operating profit roee 29 par cant to £251 million in the first half of 1987, but extraordinary Memo related to bad deMo and capital restructuring caueed a net toea for the
      NYT  -  352 words
    • Article
      Lock icon Indonesia's central bank launches money auction
      268 5 Reuter INDONESIA'S central bank has begun auctioning money in an effort to control bank credit aftsr panic dollar buying created a banking crisis in Jakarta. A spokesman for P T Rcorinvest, the central bank's money market agent, said activity was brisk on the first
      Reuter  -  268 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      84 5 ACCESSARY JFFER v m,; rsrrv- gmmm v f* i m V mm\r 45 If Putter and Trolley) I f r y I 1 II V 4 (O I n V. rr, I p. 1n,..I n ajdonj nimrr 4x9 Golf Set 8" Bag and Putter ARX Target II Steebhaft Goif Set
      84 words
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  • WORLD MARKETS
    • Article
      Lock icon Elders, Goodman to settle holdings
      331 6 FT ELDERS IXL, the Australian-based brewing, pastoral and finance conglomerate, and Goodman Fielder, the regional food giant with interests in Australia and New Zealand, are expected to unwind their significant 15 per cent crossshare holdings under an arrangement announced by Goodman Fielder on Wednesday. The
      FT  -  331 words
    • Article
      Lock icon Second straight mixed close
      759 6 New York Reuter BLUE CHIPS eked out another small gain late in the session on Thursday, but the broader market closed lower on sluggish volume. Activity wss dominated by investor response to the continued flood of second qusrter esrnings reports, traders and analysts said. The Dow
      Reuter  -  759 words
    • Article
      Lock icon Wharf to put up three projects worth HK$4b
      302 7 Reuter WHARF (HOLDINGS) Ltd expects good growth in the current financial year ending March 31, 1968, and plans to enter three new developments which call for total investment of over HK$4 billion. Chairman Peter Woo said Wharf will benefit from continued growth
      Reuter  -  302 words
    • Article
      Lock icon No compensation for OTB holders
      146 7 AFP THE OVERSEAS TRUST BANK (OTB) compensation tribunal has declared that no compensation will be paid to shareholders in the failed bank, the Hongkong government gazette reported yesterday. The tribunal said the shares were worthless a day before the government acquired the bank on June
      AFP  -  146 words
    • Article
      Untitled
      1122 7 Selected Indices HONGKONG Hongkong Index Friday 2.178 44 Thursday 2.***** WMk ago 2.164 61 Hang Song Index Friday 3.***** Thursday 3.366 82 WMk ogo 3,342 13 All Industrials Friday 2670.4 Thursday ***** WMk ogo 2.827 3 NEW YORK Dow Jones Thursday 2.***** W«dM»doy *****8 WMk ogo 2.***** TOKYO Nikkei Average
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    • Article
      Lock icon Sharp rise In Ford's profits
      73 7 Reuter FORD PULLED farther ahead of General Motors as GM's salee lead declined in second-quarter results reported by the big US car makers. General Motors said its second-quarter profit fell 3.7 per cent to US$BOO million from US$l.O2 billion a year ago while Ford said
      Reuter  -  73 words
    • Article
      Stocks continue firm trend in early trade
      680 7 London SHARES JUMPED in early trading yesterday on buying for tha new account apurred by a 906 point riee on the Tokyo market overnight dealers said. On Thursday FTSE 100 was down 4.3 to 2.340.2 while FT 30 was up 3.7 at 1.836.1.
      680 words
    • Article
      Tokyo
      439 7 TOKYO: The 225-shsre merket index yeeterdsy soared 908.42 points to 23.942.94 in its biggeet one dey gain. On Thursday it rose 333.78 to 23.038.52 but it had fallen 1.300.87 in the previous four seestons. Brokers said prices rose because of widespreed hopes that the market had at ieest temporarily
      439 words
    • Article
      Hongkong
      406 7 HONGKONG: Share prices doMd sharply kwwr yesterday in fairly active trading on mounting selling pressurs in the wake of World international's 1906/87 results. The Hang Seng Index lost 23.22 to dose 3.343.00 after rising more than 10 points in early morning trading. The Hong Kong Index fell 14.03 to
      406 words
    • Article
      Seoul
      128 7 JULY M VON Kai 1770 •88 Chail Sugar ***** -900 Kangwon Ind KiaMotor ***** ***** -290 •1000 Daaiim Ind ***** 1000 Koion Ind ***** -800 Oaawoo Corp ***** -110 Koraa Long Tarm ...3300 190 0—woo Hmvv ***** -400 Lucky Lid 1860 -19 Do whin Sacurttlaa. ***** ***** 800 -SO
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    • Article
      Manila
      78 7 JULY M POM "1 Hi i' Oriental B 011 -0 035 022 -0 03 PtMiax B 070 •0 06 Anglo PM!...". Apa* Mining B.... 012 ■0 02 PLOT 717J0 •SI Baguto QoM San Mlgual B taatrnnl 236 004 -2 ■0015 Bwc Patrolaum 0023 •0 00* Banguat Con B 166
      78 words
    • Article
      Taipei
      246 7 JULY M NTS KoMn 3020 1.1 All Slncara Indua Ad® CmwiI CMMyCon Chang Hwa Bank Chang Loong CMa Main Camant Chto Main Flour Z 51.00 73 50 ***** 41 00 39 90 IS IS ♦as 3 9 0.0 0.9 02 Kuochan Dav Laa Chang Yuan Cham Indua Ltan Hwa
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    • Article
      Sydney
      335 7 SYDNEY: The Austrslian share market closed strongly in record territory as investors put their weight behind leading industrials and the All Ordinaries index finished just short of 2.000. Brokers said special situation stocks, particularly Elders iXL and Fairfax, gained the moet attention. But a steady cloee in bullion overnight
      335 words
    • Article
      Lock icon Bangkok
      140 7 Reuter BANGKOK: The Socurtttee Exchange of Thailand Index edged up 0.21 to 341.15 on a turnover of 4,478.009 shares worth 535.94 million baht Reuter JULY M BANT »oa> PlffWHwB ■SMCmml 5, Ao Kham IM.... IK -4 tent CMy Ayudhya ImhImmL Ml 4-4 CmmhL 1274 und> Bangtofc Agro-tod 173 unch
      Reuter  -  140 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      737 6 id wine, Mm and ***** Hong Kong Dian Xin on Saturdays, Sundays and public holidays M f Enjoy 27 selections of fine Dian Xin delicacies, prepared by chefs fropi Hong Kong, using only fresh, quality ingredients from 11 am to 3pm. At the Pheasant Room (2nd floor) where Dian Xin
      737 words
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      Page 6 Advertisements Column 2
      207 6 33) Orciwd Road, Siappon OW3 TH*****11 PdSßawhurfi HotelIWjffi QO i Ml#* m 11 hi Experience a new and refreshing concept in cocktail lounge entertainment Experience The Gazebo. The frontispiece of Paramount Hotel, away from all the husde and bustle. A free flowing garden terrace in subtle shades of grey and
      207 words
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      405 7 w ml--74 I*. Sunday Brunch: A great family outing. If s a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, pudctings, fruit salad and cheeseboard.
      405 words
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  • LETTERS TO THE EDITOR
    • Article
      The gentle art of clowning
      569 8 THERE was an interesting throwback to history when Britain's new Psrlisment sssembled laat month for the first time since the general election. It choee a Speaker, who in all parliamentary democracies plays a powerful role in regulating dabate. But the Speaker in the outgoing British
      569 words
    • Article
      Banks urged to give more information
      455 8  -  Yeo Ek Khuan Dear Sir You published an interesting article on UOB shares in your July 11-12 weekend edition, expressing the view that it was the moet undervalued bank stock listed on the Singapore and Kuala Lumpur slock exchanges. Most people would find banking
      455 words
    • Article, Illustration
      Reason for re-appraisal on Hwa Chong
      226 8  -  Lim Nai Tian Hwa Chong Junior Coiage •Dear Sir Please refer to your article on Hwa Chong Junior College in BT on July 13. It was stated in the fifth paragraph that the re-appraissl was believed to have focused on the original deeign strsngth
      226 words
    • Article
      The only reality it the present
      106 8  -  M Y Gomez Deer Mr I have to disagree with your weekend editorial "Time for war on time" (BT July 19-19) which claimed that "there la nothing called the present; the prsssnt is merely the future which is not yet pest" Clever words that
      106 words
    • Article
      Why it is 'cheaper' to buy subscription rights for shares
      649 8  -  Market Observer Dear Mr Although H it "cheeper" to buy the riQhte to eubecribe for the aharea thee to buy the aharee of the underlying security Itaetf. aa pointed out by your columniet (BT July 18), there ere nevertheless reesons
      649 words
    • Article, Illustration
      What is Ming Court Hotel's actual worth?
      270 8  -  A Minority The recent takeover bid of Ming Court Hotel Ltd by Far East Organisation Ltd has caused certain anxiety among the minority shareholders. Permit me to rsise a question regarding the actual worth and net asset becking per share of Ming Court
      270 words
    • Article
      Stamp duty paid on share transfer was correct
      255 8  -  Ng Keat Seng lor Cowawlaalonor of Please refer to the letter "How much stamp duty to pay on share transfers" by "DW Distant" (BT June 27), who felt that he had been overcharged with stamp duty on the transfer of odd lots
      255 words
    • Article
      When it is better to buy shares of parent company than the rights
      179 8  -  D W Distant Dear Sir In "Slock Watch" (BT July 18) Mr Chandiramani aaked "why would anyone buy tha aharaa of a parant company whan there la a aurrogafta financial package that is tailing at a cheaper
      179 words
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  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      754 8 CRYPTIC PUZZLE ACROSS 9 The caller's artificiality? (9) 10 A little nourishment for the dog's consumption (4, 2, 3) 12 The wine you have in the garden (4) 13 It's obvious the man has given sanctuary to a number (6) 14 Attack when one opens (5, 2) 15 Private transport?
      754 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      35 8 cfeer£ THE. CLC^NI^G LADy IS P»TR£J\SUR€. -JjJ i VlL^ OBVIOUSLY NOT V£RY e.*PERI£NCto BUT PGR mgaRT is iki the. Right ptAce IF I CAN) MG.LP SOMeBODV 0 Evening Stuiid.i J Co Lld.l*A2-m/ 7438 A fclcSfc--^
      35 words
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  • Executive Lifestyle
    • Article, Illustration
      Attention all stuffed shirts!
      328 9 STUFFED SHIRTS wanting x to break out of solids and the safe white shirt can dive in head first or ease in gently. The "1-couMn't-poesibty-weaMhat-to-the-office" individuals can take heart and lift their office souls with brilliant and original ties dunked in gorgeous colours and still keep
      328 words
    • Article, Illustration
      Things that go bump in the night
      728 9  -  J With JAIME LYE MY. BUT WHEN they talk about things that go bump in the night, they-certainly don't mean just the bedroom furniture. I found that out recently, poised at a bus stop slong Scotts Road paat midnight, my car some 100
      728 words
    • Article
      STRAWS in the Wind
      412 9 DONT SAY BANG-BANG in Britain If you only moon to give mtmom looks that kill. Delivering a somewhat parochial Engiiah leeeon not ganarally aval labia at tha British Council, a spokeeman from tha British High Commission called to point out that tha caption accompanying our review
      412 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        Don't just shun carbohydrates Don't just shun carbohydrates
        1050 10  -  HEALTH By RICHARD SEAH IT WAS A SINFUL indulgence, or so a friend thought when she "caught" me having sweet potatoee for desaert after lunch recently. "Aiyohl Health columnist..." she said with obvious glee, "all carbohydratee you know". Carbohydrates have an undeeerved
        1,050 words
      • Article, Illustration
        Thrilling thrust-and-parry in a classy web of no return
        557 10  -  CINEMA •y JAIME LYE BLACK WIDOW is the kind of movie that sneaks up on you like an overdue hangover. It starts off easy, with a nice, pleasant kick that slowly builds up into a nice high, until things start getting
        557 words
      • Article
        Lock icon A dorian by any other name...
        309 10 mmnm TAKES Bernama DO NOT TRY to sell durians to Charles Carlton Coffin even if he is alive today because someone already did 118 years ago. Coffin wrote in 1868 words that could be a very good weap-' on for anti-durian lobbyists. He wrote:
        Bernama  -  309 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Seduced on the Street
        1151 11  -  BOOKS By CHUANG PECK MING nmdhg ImmAk liiritoi And Urn** At Jfte WeH Street Jour- 4 by II Mw Winans (MacmMlan, $32, MO pages, hardback). A CONFESSION that is a compelling narration which raada like a popular novel. The book is a welt-crafted account of the
        1,151 words
      • Article, Illustration
        Heartburn of the most tasty kind
        724 11 FOOD By THE FOOD TEAM QOOO THINGS com* in little portions, which it something one might want to keep in mind botor* going whole hog into tho Goodwood Perk Hotel's celebration of Singapore's heritage. The hotel's carrying out a tour-pronged attack on diners' tastobuds
        724 words
      • Article
        BILLBOARD
        610 11 CINEMA: Tho Living Daylights starring Timothy Dalton. Showing at Lido and Princa: 11; 1.30; 4; 6.45; 9.15, Changi, Savoy and Oriantal: 11; 1.30; 4; 7; 9.15, Praaidant and Woodlands: 1.30; 3.30; 7; 9. That» Ufa starring Jack Lammon and Julia Andrewa. Showing at Cathay: 11; 1.30; 4; 0.30; 9.15.
        610 words
      • Article, Illustration
        Start out with panels, worksurfaces and chairs
        519 11  -  DECOR By LILIAN ANG THE PHYSICAL SHIFT from old officee into spunky now, computerised buildings has wrought dramatic changos in Singapore office». And nothing demonstrstss this mors obviously than office furniture. Psrhsps the most visibls changes in the weekday realm can be seen
        519 words
      • Article, Illustration
        Sparklers for tea and afters
        226 11  -  JEWELLERY By MONICA GWEE THE VIDEO SHOW was faultless, the parade of woman slinking around in robbary, revsaling leotards a less appealing and tired idea, but in the end. the real stars of the afternoon sparkled admirably. It was not, after all, all about nipples.
        226 words
    • Executive Lifestyle: Sports
      • Article
        Muru wins first pro title at BP circuit
        534 12  -  GOLF By WALTON MORAIS ROOKIE PRO M Murugiah survived a bogey on the final hole to win his first professional title on the local circuit in the $4,000 BP Golf Circuit monthly championship at Sembawang yesterday. Playing only his third professional tournament
        534 words
      • Article
        Lock icon American referee for Bugner-Page fight rejected
        210 12 BOXING AP BOXING AUTHORITIES in New South Wale* have refused to sanction an American referee to work in the heavyweight fight between former European champion Joe Bugner and American Greg Page. Fight promoter Bill Mordey said on Thursday that the state boxing suthority refused
        AP  -  210 words
      • Article, Illustration
        Lock icon Tyson is nothing special, says Tucker
        350 12 Reuter TONY TUCKER, s world heavyweight champion tor less than two months, believes Mike Tyson is no more than ordinary and will present him with few problems in their 15-round heavyweight unification bout Tucker, the International Boxing Federation (IBF) heavyweight champion, and Tyson, the
        Reuter  -  350 words
      • Article, Illustration
        How to make pre-emptive opening bids
        631 12  -  BRIDGE By MIKE THUMBA ONE OF THE nuisance tactics adopted by defendants to frustrate opponents from reaching an optimum contract is by the use of pre-emptive opening bids on the three-lever or higher. This type of interference bids keeps the opponents from reaching a
        631 words
      • Article
        Lock icon Sweden favoured to take Davis Cup quarter-final
        428 12 TENNIS AP FRANCE beat Sweden 5-0 the last time the two teame met in Davis Cup competition. But Sweden appears capable of reversing the 1971 ahutout in the quarter-final showdown. After Yannick Noah'a late pullout, French captain JeanPaul Loth choae Thierry Tulaane to
        AP  -  428 words
      • Article, Illustration
        Lock icon Cash scores easy win over Lavalle
        437 12 Reuter AUSTRALIA'S Pat Cash continued the blietering form which won him the Wimbledon crown yeaterday when he cruahed Leonardo Laval la of Mexico 6-2, 6-1, 6-0 in the Davia Cup world group quarter-final in Brisbane. Caah, playing hia first match since that Wimbledon triumph
        Reuter  -  437 words
      • Article
        Lock icon Becker rules out an early stint in the armed forces
        462 12 Reuter BORIS BECKER, who facee up to 16 montha' compulsory military service, haa told the Weet German aporta agency Sid that ha haa ruled out an early stint in the Weet German armed forcea. Becker, who haa slipped from aecond
        Reuter  -  462 words
      • Article, Illustration
        Lock icon Roche gains ground in Tour battle with Delgado
        546 12 CYCLING Reuter PEDRO DELGADO. bidding to become the first Spanish winner of the Tour de France tor 14 years, on Thursday saw his precious lead trimmed to 21 seconds by closest rival Stephen Roche of Ireland on the 22nd stage. Hsving enjoyed
        Reuter  -  546 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Investing in a bit of wisdom
        957 13  -  GOLD If Ramesh Chandiramani SAMUEL BUTLER, a 19th century man of letters and master of irony, once said: "Though wisdom cannot be gotten for gold, still less can be gotten without it". Wisdom and gold have not always been talked of in the same
        957 words
      • Article, Illustration
        Perceive their perceptions
        870 13  -  FOREIGN EXCHANGE By RAMESH CHANDIRAMANI IT HAS BEEN cryptically said that the foreign exchange markets are made up of one part fundamentals, five parts money and four parts confidence. It isn't as important to get the big picture right as it is to track the flow of
        870 words
      • Article
        Lock icon Bright outlook for companies going public
        416 13 WALL STREET NYT IF THE BULL MARKET kHpl rolling along on Wall Street, selected companies going public for the first time are also likely to prosper, according to Standard ft Poors' outlook. New issues as a group, it said, tended to exaggerate the underlying
        NYT  -  416 words
      • Article
        The ins and outs of balloting
        938 13  -  NEW ISSUES Btunnetrs. cmmm J By LISA LEE REJECTION can be diMppointing, not leMt when you get turned down in your application for a new iMue which the market believM could double or triple in value within a week. The investor who applied for
        938 words
      • Article, Illustration
        Catalyst triggers correction
        210 13  -  CHART PffiilNT «aaanuer Ramesh Chandiramani LAST WEEK'S pointer that the local stock market had gotten way ahead of itself, and was due for a correction turned out to be right. The market drop that followed came dose to the 50point targeted, but the anticipated rotational shift into
        210 words
      • Article
        American collectors take the best of English
        466 13  -  ART Pill Rush Corb THE FINAL WEEKS of the art market Mason are generating a few interesting results in miscellaneous areas, but nothing sufficiently important to signify any changes in the underlying pattern of the market developed during earlier months. Both major auction
        466 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      111 9 The American Express Card can usually be replaced within 24 hours or the next business day. Call us at 732 2244. t r I i i 1-^4' l f' i 5-% f>' r f I T> rt* >3 •X ~Zi *>":.V" *v<-"-r-i V rr gg A gerald genta Sted/foid with
      111 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      2672 10 r» i til'. 11 Miss Marple, G and S, and Alabama Movies Another Chartea Laughton gem. The Man en Me BM Tower it a taut psychological drama which Mat Laughton playing a Parisian polica inspector who gats involved in a cat-and-mouse gams with a crazy killer on the loose. With
      2,672 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      109 11 It's Got What It Takes PORTABLE ELECTRONIC AX-20 Only SS Brother AX-20 Portlblt Electronic Typewriter 599 10/12/15 variable typing pitches Auto Centering. Underlining. RMF Auto Tabulation/ Decimal Tab 60-character correction memory Line ft paragraph indentation 12" (30 scm) carriage Optionally available: Interface connectability (IF-60) Spelling Checker (SP-300) Available at A.A
      109 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      28 13 BT wilcomii investment Ideas and vlewpoims from brokers, bonkers end other readers. Address all correepondence to: The Editor, Personal Investment, Business Times, 390 Kim Song Road, S'pore 0023.
      28 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Some blue chips hold steady despite weak market
      4011 14 THE STOCK MARKET'S attention was focused on First Capital Corp and Chuan Hup Holdings which came under heavy selling in an overall weak market Share prices fell across the board for the third day running aa nervous operators also took the opportunity
      4,011 words
    • Article
      Chief price changes
      216 14 taMon SO* M l»it^ oc ac UOI Span h> CapM !>in Land ftlMS 643 •IS 233 IOSO *70 412 Falls 174 •30 *40 SINC 7S IS IS 10 10 10 -40 -45 -355AP0RE In WCi^iJI STOO/OS trcAO IT 10-4ay MA BTO«V sr iim STHMah ST» »l«ll Mr
      216 words
    • Article
      Business done on the SES
      3848 14 SECTION ONE MMfVTMAL COMMMCMI Aon 08 2.52 113 151 lIS 233 iii Z47 m 2JO mi 2M a 2«9 a 246 a 249 (111 230 US 241 Atom 0758 OAS) Arnol Stool SO# 12.82 1 2.87 SI 111 237 1141 235 II» 2.84 111 233
      3,848 words
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  • COMPANY NEWS
    • Article
      UOL and UIC confirm Goldhill Square deal
      249 15  -  By ELAINE KOH THE GOLDHILL SQUARE deal was finally confirmed yesterday through separate announcements from United Overseas Land and United Industrial Corporation. Their joint $216.5-millk>n purchase is one of the biggest local property deals in recent years in an increasingly upbeat market. Each
      249 words
    • Article
      Lock icon Creditors match ASM's offer for Emporium M'sia
      321 15 MBT A GROUP OF Emporium Holdings's creditors in Malaysia is rsady to match Amalgamated Steel Mills's offer of Ms2o million to take over the assets of Emporium's 31 outlets. They are trying to enlist the participation of a Singaporean public-listed company. Industry sources
      MBT  -  321 words
    • Article
      LATEST
      54 15 UNITED MALACCA Rubber Eetatee Bhd: Group pre-tax profile foil to M 52.49 million in the year ended April 30, 1987, from M 54.41 million previouely. At the attributable level, profits stood at M$l.S9 million (M 52.84 million). A final dividend of 10 per cent leaa tax will be paid
      54 words
    • Article
      Stocks in Kuala Lumpur continue to lose ground
      3331 15 SHARE PRICES closed lower on 8 broad front on the Kuala Lumpur stock market yesterday but volume was comparatively light Property countera, which had been attracting interest the past few days, eased with the overall depressed market A dealer noted that the
      3,331 words
    • Article
      Isetan interim profits leap 178pc
      468 15  -  By ROSIE TAN JAPANESE-BASED retail group Isetan (Singapore) has rsported a 178 per cent jump in group pre-tax profits to $6.42 million for its first half year ended May 31, 1987, against $2.31 million for the previous corresponding period. However, the much-expected bonus issue failed
      468 words
    • Article
      Shangri-La tapping market for $45m through rights issue
      429 15  -  By AMY BALAN SHANGRI-LA Hotel Ltd. which turned in a slightly lower interim profit for this year, has proposed a one-for-10 rights issue at 84.80 a share to raise groes proceeds of $45 million. The group turned in a pre-tax profit of
      429 words
    • Article
      Lock icon Why Sime Crest's bid for Petronas deal failed
      176 15 MBT SIME CREST, which was the lowest bidder for the project management consultancy of the second gas processing plant (QPP2), was not given the contract as it had "broken the rules" of open tendering. Petronas Gas chairman Datuk Murad Hashim tokJ a
      MBT  -  176 words
    • Article
      Mulpha In negotiations to sell shares
      102 15 MULPHA (SINGAPORE) Lid, which requeeted a auapension in the trading of Ma shares on Wedneeday, has announced it ia negotiating to aeil a substantial block of ahares in the compeny. The terms of the proposed sale have not been finaliaed but the negotiation are
      102 words
    • Article
      Unit trusts
      244 15 Manors' prion for My 25 27 Singapore Unit Trust TW Com—to 113 IJO Th* So»n§ fund 106 1 12 S'pof* hot M 050 0* S'por* W M 0MT an S'pof* hnwl hmi a«7 an* S'fon Mr M 041 0 M Asia Unit Trust Moi ImH fond IAS ITS
      244 words
    • Article
      Lock icon MUI using sale proceeds to reduce borrowings
      390 15 Bernama ES MALAYAN UNITED INDUSTRIES Bhd (MUI) is to use the proceeds from the sale of its sharee in severs! companies to reduce its group borrowings and seek new investment opportunities. Speaking after the company's annual general meeting in Kuala Lumpur yesterday, MUl's
      Bernama ES  -  390 words
    • Article
      COMPANY MEETINGS
      210 15 alummium company of MALAYSIA Barhad: 26th AQM at the PJ Hilton Hotel, Jalan Barat. Petaling Jaya on Monday, July 27, at 9.30am. JACKS INTERNATIONAL Limited: AQM at 29 Joo Koon Road, Singapore 2262 on Monday, July 27, at 11am. JOHAN HOLDMQS Berhed: 62nd AQM at Poinaettia Suite 1,
      210 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      454 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 80 IN THB MATTER OF BOURGEOIS FASHION DISTRIBUTORS PIE LTD (In Voluntary Liquidation) fIU 4 > l| I CQv At an Extraordinary General Meeting of the members of BOUROEOIB FASHION DISTRIBUTORS PTE LTD duly held and convened at 36 Phillip Street #02-00.
      454 words
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      Page 15 Advertisements Column 2
      383 15 NOTICES nißMAimor TO COMPANIES ACT, AND IN TO MATTO OF 4A* NOTICE la hereby riven. In pursuanos of Section SOI of the Companies Act, Cap. 50. that the FINAL GENERAL MEETING of the member* of the above-named oompany will be held at the office of Arthur Tonne, N Robinson Road
      383 words
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  • LATE FILE
    • Article
      Lock icon Seoul panel to draft constitution
      37 16 AP SOUTH KOREA'S ruling and opposition parti* yesterday agreed to set up an eightmsmbsr bipartisan committss nsxt week to draft s nsw constitution which will guarantss full dsmocrscy in South Korss. AP
      AP  -  37 words
    • Article
      Lock icon Worry over high trade surplus
      36 16 Reuter JAPAN aaid yeaterday its huge trade surplus with the rest of the world could undermine the global economy and had to be solved to ensurs Japan's own economic futurs. Reuter
      Reuter  -  36 words
    • Article
      Lock icon PBS cool to idea of Sabah front
      38 16 Bernama THE RULING Parti Bersatu Sabah (PBS) yeaterday rejected the propoeal for an "alliance" concept of government in the state, saying it ia capable of administsring Sabah on its own. Bemama
      Bernama  -  38 words
    • Article
      Lock icon Ever go sells hotel shares
      78 16 Reuter EVERGO INDUSTRIAL Enterpfisa Ltd of Hongkong and lis affiliate China Entertainment and Land Investment Co Ltd have sold a combined 34.90 per cent stake in Hongkong and Shanghai Hotels Ltd for HM2.24 billion. Arranger of the dael, Schroders Asia Ltd, said 9.2 million shares
      Reuter  -  78 words
    • Article
      Lock icon Mochtar plays down hopes
      26 16 Reuter INDONESIAN Foreign Minister Mochtar Kusumaatmadja yesterday tried to tone down oxpoctatlona about hie trip to Vietnam to diacuaa Kampuchea next week.
      Reuter  -  26 words
    • Article
      Lock icon Native Fijians seek supremacy
      25 16 Reuter FIJI'S traditional chiefs sought guaranteed political supremacy for indigenous Fijians over ethnic Indians in talks yesterday with the gov-ernor-general. Reuter
      Reuter  -  25 words
  • Article
    DG Singapore to go ahead with software centre
    505 16  -  Hardware development being planned By JEFFREY TSANG DATA GENERAL CORP of ths llnitsd Ststss hss announced drastic corporste-wide restructuring measures to stem losses, but its Singapore subsidiary will continue with its plans to set up a software research and development centre. DG
    505 words
  • Article
    Lock icon Taiwan expects double digit growth this year
    299 16 Reuter AN EXPORT BOOM and surging investment are likely to push Taiwan* a economic growth into CKMJDt# (MQWB Wwß yHpf QOVwfnment officials asM yselsrday. They said Taiwan's gross national product was oupocted to grow by more then 10 per cent in calendar 1007
    Reuter  -  299 words
  • Article
    Lock icon Plans to ease corporate annuities rules
    68 16 Reuter THE JAPANESE Health and Welfare Miniatry haa made wideranging propoaala to allow managers of corporate annuities to respond better to interest rate changes. A report by a miniatry study group said management of corporate annuitiea should be expanded and improved due to the
    Reuter  -  68 words
  • Article
    Lock icon Comex silver
    106 16 Reuter COMEX silver futures yesterday ticked up on pre-weekend short covering in slow morning dealings. Silver for delivery in September was ahead four US cents at U557,005 an ounce after early support levelled out at US$7.O3. Analyata said local traders and commiaaion houses were buying back short positions
    Reuter  -  106 words
  • Article
    Lock icon Beatles suing record company for US$4O million
    182 16 AP THE BEATLES have filed a US$4O-million lawsuit against their former record company and demanded the return of master tapee of their top albums. According to reports published yeeterday in Thm Now York Pott, The Beatles charged on Thursday in New York's Supreme
    AP  -  182 words
  • Article
    Lock icon Peninsular Malaysia's industrial output index fell in May
    167 16 Bernama ES PENINSULAR MALAYSIA'S industrial production index an indicator of output in the mining, manufacturing and electricity sectors fell 0.6 per cent to 146.6 in May against 150.7 in April. The Statietica Department said the mining index fell 5.5 per cent to
    Bernama ES  -  167 words
  • Article
    Lock icon Foreign investment in China drops despite move to encourage it
    413 16 Reuter CHINA IS SIGNING contract* for foreign investment at a slowar paca despite regulations maant to ancouraga it Tha amount of monay invotvad in contract» aignad with foraignara in tha firat aix montha of 1967 waa iowar than tha figura
    Reuter  -  413 words
  • Article
    Lock icon BankAmerica reports loss off US$1.1b
    152 16 AP BANKAMERICA CORP. tha mo-ond-tergast bank holding company in Itw US, on Thursday posted US$l.l billion loss In tho noond quarter, redacting its dadaion to incraaaa loan-lots rsssrvsa to cover shaky Third World loans. Tha company, which addad US$l.l billion to its raaarvaa, was among
    AP  -  152 words
  • Article, Illustration
    Lock icon 91-year-old climber conquers Mt Fuji
    278 16 AP BATTLING THROUGH the most difficult test of her mountainclimbing career in a three-day odyssey up Japan's Mount Fuji. 91-yesr-old Hulda Crooks did what sha does beat look up. The ever-optimietic Californian overcame stsep trails, voicenic tsrrain and high winds to become the okteet woman
    AP  -  278 words
  • Article
    Lock icon Lloyds in the red
    52 16 AFP LLOYDS BANK reported a pretax loss of >£807 million in ths first half, comparad with a pretax profit of £335 million in Ota same period of 1006. beceuee of provision of £1.06 billion for dsbte. Lloyds, one of the leading Britiah clearing *banke, announced this
    AFP  -  52 words
  • Article
    Lock icon Tanker hits mine but markets stay on even keel
    239 16 Reuter NEWS THAT the tanker Bridge lon, under US Navy —corf in the Qulf, had hit a mine mada gold and oil pricaa jump yesterday but tha financial markets quickly calmad. Gold put on naarty two dollar» but than aaaad by
    Reuter  -  239 words
  • Article
    Lock icon Farmers burn Aquino's effigy in land reform protest
    377 16 Agencies HUNDREDS of left-wing peasants burned Philippine President Corszon Aquino in effigy yesterday and denounced a land reform she launched earlier this week ss s farce. Waving rsd flags and chanting anti-government slogans, st least 2.000 demonstrators carried placards which read "Land
    Agencies  -  377 words
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