The Business Times, 8 August 1987

Microfilm: NL15925
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, August 8-9 1987 75 CENTS
    13 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    195 1 Exchanga rataa THE S$ weakened against the US$ to close at S$2.1120/30 (S$2.1100/10) in moderate trading yesterday. It also weakened against the M$ and HK$, but rose against the yen, DM, Swiss franc and the C. US$: 151.30/30 yon, 1.8820/30 DM, S* 2.1100/10 £i US$1.5750/60 M$< SS0.8300/10
    195 words
  • Article, Illustration
    Share prices close at record high for third day running
    436 1 BULLISH INVESTORS caught in a grip of pre-National Day fever chased share prices to a record close for the third consecutive day. The Straits Times Industrial Index closed at another all-time high of 1,464.22 for an impressive 28.27 point gain.
    436 words
  • Article
    UOB posts 64.5 pc rise in interim net profits
    681 1  -  Forecasts for full-year earnings revised to $170 m By ALVIN TAY Banking Correspondent THE UNITED OVERSEAS Bank group has outperformed all market expectations by posting an impressive 64.5 per cent rise in interim net profits to $85.12 million. Some analysts have
    681 words
  • Article
    Lock icon Asean summit to be held in Manila from Dec 14 to 16
    376 1 AFP Antara ASEAN is to hold its summit meeting in Manila from Dec 14 to 16, Philippine Vice-President Salvador Laurel said yesterday. Mr Laurel, who is also Foreign Secretary, also confirmed that the Japanese Prime Minister would come
    AFP; Antara  -  376 words
  • Article
    Lock icon US jobless rate lowest in decade
    70 1 AFP UNEMPLOYMENT in the US fell to its lowest level in 10 years last month, according to the Labour Department, which yesterday reported the jobless rate for July to be just 6 per cent. The department said unemployment had fallen a full percentage point
    AFP  -  70 words
  • Article
    UIC believed to have gained $20m from share sale
    425 1  -  By NAJEEB JARHOM UNITED INDUSTRIAL CORP (UIC) is believed to have disposed of its entire 16.5 per cent stake in Sydney-based Jason Mining, reaping profit in excess of Ss2o million. And Sydney-based Malaysian businessman Lee Ming Tee is one of the
    425 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      223 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM IN m 3r "ifswi^aagS" !BjblBteaSlffe OUR VIEW IN SHIFTING THE VENUE of the National Day celebrations to the Padang, the organisers have created more room for spontaneity. As they enjoy the day tomorrow, Singaporeans should spare a thought for the many people and organisations
      223 words
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      Page 1 Advertisements Column 2
      10 1 Siddhi calls for mora dynamism in Asaan aconomy, Back Paga
      10 words
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      Page 1 Advertisements Column 3
      24 1 BUSINESS TIMES i you mid to call tat: Nmh Desk: *****10 *****00 Companies Desk: *****00 7)***** Market Indices: *****40 Fax: *****71 Telex: RS *****
      24 words
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      Page 1 Advertisements Column 4
      389 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Mi U Opportunity in the humdrum Page 9 Pifiiml Trtvta Training butterflies to fly in formation Page 9 Birthday note: the best of both worlds Page 10 TV programmes for today and tomorrow Page 10 Ms la Watcfe Annie, Poirot and the 'World's Best'
      389 words
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  • HOME NEWS
    • Article
      The Book of 200,000 signatures
      143 2 FIRST Deputy Prime Minister Goh Chok Tong starts the ink flowing in the Great Book tonight. Mr Goh's will be the first of about 200.000 signatures to be collected over the next three weeks as Singaporeans put their names to the Citizen's Pledge. The evening's
      143 words
    • Article, Illustration
      Local clinic is world's first with $3.5 m GE diagnostic machine
      500 2  -  By ANNA TEO A LOCAL private clinic has installed the world's first highlyadvanced magnetic resonance imaging (MRI) system, the latest in the line of non-radiation diagnostic machines. Radiologic Clinic's $3.5 million project was supported by a low-interest loan from
      500 words
    • Article
      One-day seminar on CBT
      106 2 A ONE-DAY seminar on the risk of being charged for criminal breach of trust or even abetment of CBT is being organised by Datasearch Resources. The seminar will be held on Aug 28 at the Raffles City Convention Centre. Discussion topics will try to relate CBT
      106 words
    • Article
      Promising first quarter for SIA
      156 2 THE FIRST three months of the 1987/88 financial year for Singapore Airlines were very promising, with revenue passenger kilometres (RPKs) increasing by 8.3 per cent. The period April to June 1987 saw SIA chalking up 6.005 billion RPKs. according to Singapore Airlines News Service, issued
      156 words
    • Article
      One more for Business Class
      106 2 SINGAPORE Airlines is to spend $2 million to give Business Class passengers in its six Airbus aircraft a little more exclusivity. It will remove two Business Class seats in each of the aircraft and replace them with a toilet. The cost of this exercise, according
      106 words
    • Article, Illustration
      Former Straits Times chief dies in New Zealand at 77
      258 2 ALFRED Charles Simmons, the Englishman who ran The Straits Times for 37 years, died yesterday in New Zealand at the age of 77. Mr Simmons joined The Straits Times in 1935 and became acting general manager two years later. He
      258 words
    • Article, Illustration
      Lock icon Getting a whiff of carnival air
      437 2  -  By WALTON MORAIS AMIDST the flashing lights, coloured buntings and games stalls, the only thing missing was a Big Top. Otherwise, the National Day Carnival which opened at the National Stadium last night, was a circus. Even the horses and ponies were there. Not
      Photos by MAZLAN BADRON  -  437 words
    • Article
      Tom Gwee wins back petrol station dealership
      295 2  -  By PAUL V GOPAL BP PETROL station dealer Tom Gwee Hak Ngiak, whose contract with the oil dealer was terminated in January, will be back in business next Wednesday following a court order yesterday. In January. BP terminated Mr Gwee's contract saying that
      295 words
    • Article
      Property deals on computer
      100 2 THE Singapore Institute of Surveyors and Valuers starts offering computerised information services to its members this month. The institute used to provide members with paper records of transactions of properties extracted from the Registry of Titles and Deeds Now the information will be available through weekly
      100 words
  • Article
    SHIPS IN PORT
    1168 2 AT CONVENTIONAL WHARVES Indah Kencana J2 olongside 0806/2300 1 a. t| i Arrival Pan United 26/6 J2/3 olongside 0608/1300 V1 UVI H uaptrrurt Subur II alongside 0806/2300 KEPPEL WHARVES Aulio Seroyo Jl *****600 0906/2300 Boiyunston Kl? olongside 1006/2300 Bongko Cohoyo Kembung J9 0808/1200 0906*1200 Cnkveriico K36 alongside
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      181 2 The feasting at Hotel Equatorial's FOOD STOP never stops a Daily: 7am 1 lam fjnfjvgi SHAOBING YOU TIAO lijlUjll BUFFET BREAKFAST AT STEVENS CORNER Our renowned Taiwanese Shaobing You Tiao Buffet Breakfast along with Soya-bean milk, Taiwanese porridge, chicken porridge and local black coffee. Daily: 12 noon 2.30pm NIANG DOU
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  • Article
    DAILY AIRCRAFT MOVEMENTS
    739 3 ARRIVALS Operator Sorvic* Local From numbor tVrn GiA GA940 1235 MES SU SQI07 1250 KUL SlA SO 203 1300 CGK GU GA900 1310 PKU SlA SQ61 1335 BKK SU SQI 1335 SFO/MNL/HKG SU SQ25 1350 «A/2*H GU GA956 1355 DPS SU SQ956 1355 DPS su SQI 09
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  • ASIA-PACIFIC
    • Article
      Lock icon South Korea seeks to control foreign cash investment in local industries
      275 3 Reuter SOUTH KOREA will seek to control foreign cash investment in domestic industries to maintain the current account surplus at a 'proper' level. South Korean finance ministry officials said the steps were aimed at controlling the influx of caah
      Reuter  -  275 words
    • Article
      Lock icon Japanese students see US threat — poll
      75 3 Japanese students see US threat poll UPI MOST JAPANESE junior hiflh school students polled for a national survey believe Japan will not wage war again, but most who do think the US and not the Soviet Union will be the enemy, the Asahi Shimbun, one of Tokyo's biggest dailies, said
      UPI  -  75 words
    • Article
      Lock icon Asia takes oil price volatility in its stride
      573 3 Reuter ASIA'S main oil consuming and producing countries have taken in their stride volatile oil prices stemming from tension in the Gulf. The region s industrialiaed oil importing countries have protected their economies with stockpiles, alternative sources of supply and taxes. Asian
      Reuter  -  573 words
    • Article
      Lock icon Influential paper backs Labour in NZ polls
      403 3 Reuter THE INFLUENTIAL National Business Review yesterday became the first New Zealand newspaper to back a party for the Aug 15 elections, plumping for another Labour administration. The daily said it selected the Labour Party led by David Lange for the calibre of
      Reuter  -  403 words
    • Article
      Lock icon Two Australian parties restore coalition
      301 3 Reuter AUSTRALIA'S two major oppoeition parties have announced the restoration of their coalition, shattered just before last month's elections. Opposition leader John Howard said in a statement on Thursday night that the Liberal and National Parties would project a united and aggressive oppoeition to the
      Reuter  -  301 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      535 3 ■M > > v. fMjN 36 different focal lengths and a built-in macro lens can put yon in a front row seat 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
      535 words
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  • REST OF THE WORLD
    • Article
      Lock icon White House trims growth forecast
      509 4 Reuter THE WHITE HOUSE has rolled back growth estimates, but believes the American economy will continue to expand through 1988 and no recession is in sight. Beryl Sprinkel, chairman of the president s Council of Economic Advisers, told a news conference on Thursday that the
      Reuter  -  509 words
    • Article
      Lock icon European space plan to go on despite resignation
      175 4 AFP THE EUROPEAN space programme will go ahead as planned, in spite of the resignation of the Roy Gibson, head of Britain's Space Centre. Reimar Lust, the West German director-general of the 13nation European Space Agency (ESA) said in London on Thursday:
      AFP  -  175 words
    • Article
      Lock icon Hurdles to SDP-Liberal merger
      267 4 Reuter THURSDAY'S vote by members of Britain's Social Democratic Party (SDP) clears the way for a merger with their electoral allies the Liberals. But the two groups, badly defeated in the June general election, still have some way to go before they unite as a single
      Reuter  -  267 words
    • Article
      Lock icon Changes in thinking of top UK union leaders
      324 4 FT ALMOST HALF of the British union leaders who took part in an attitudes survey published on Thursday said an employer's main duty is to perform competitively even if that meant shedding jobs. Only a quarter of union general secretaries said winning
      FT  -  324 words
    • Article
      Lock icon Economy expanding strongly, says Bonn
      168 4 Reuter WEST GERMANY'S economy is expanding strongly after grinding to a halt in the last quarter of 1966 and shrinking in the first three months of this year, the government said yesterday. Economic activity as measured by the gross national product rose an estimated 1.5
      Reuter  -  168 words
  • COMMODITIES
    • Article
      Rubber
      243 4 SMGAPORE The rubber market closed lower with September One RSS buyers quoted at 211.75 cents/Kilo, down 1.25 cents from Thursday. The morning session weakened one cent, reflecting slightly lower Japanese advices and some selling of nearby positions in quiet trading. Trading continued quiet in the afternoon session and prices
      243 words
    • Article
      KL Tin
      146 4 THE PRICE of tin on the Kuala Lumpur Tin Market fell 12 cents to close at M 516.61 a kilo on Increased selling yesterday. Trading was moderate. The price was depressed by an Initial high disposal of 211 tonnes at Thursday's M 516.73 closing level. Buyers were scarse,
      146 words
    • Article
      RAS and MRELB
      283 4 RAS prices In S OMWkg, FOB m bmk W NOON CLOSE Buy S*ll*rs Buyers Sellers Int 1 RSS Prompt 213.00 214.00N 213.00 214.00N Int 1 RSS Sop 87 212.00 212.50 211.75 212.25 int 1 RSS Oct 212.00 212.50 2H.75 212.00 Int 2 RSS OP 210.00 212.00N 210.00
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    • Article
      SSR and SMR
      82 4 (won/kg, 1 -ton poilcti) SEPTEMBER 87 OCTOBER 87 (currant month) (forward month) RAS NOON NOON lvy«n lwy*n S*H»n SSB 30 87.50 I89.50N 187.50 189.50N SS* 50 186 00 187.00N 186.00 187.00N MRELB Ivytrl tuy*n s. )l#ri SM* cv 265.50 267.50N 266.50 268.50N SMS I 266 00 268.00N
      82 words
    • Article
      Produce Prices
      333 4 Chinese Produce Exchange noon dosing pc August 7 (SS/100 kg) fcti on Coconut oil U FOB 95.00 OW drum FOB 105.00 Now drum FOB 109.00 Copra Mhod IIoom) 56 Pepper Mun*ofc whit# FOt NtW *****0 Sarawak whit* FOB faq NIW 1170.00 Sarawak f«W block FOB NLW 935.00 Sarawak
      333 words
    • Article
      Palm Oil
      446 4 Crude palm oil futures closed steadier in active trading on short-covering activities and encouraging overseas factors on the KLCE yesterday. The market opened lower, in line with the easier advices on the Chicago Board of Trade, but gradually picked up on news of India having purchased 70,000 tonnes
      446 words
    • Article
      Oil and Products
      78 4 FEW EAST ASIAN oil products showed any change in pre-holiday trading. Once again, jet/kerosene was the only firm product. Asean crude grades were stable with Tapis sold yesterday at $19.75/bl. US$/borr.l Chong# Dwboi (S*p») '7.75 -0.10 WM T««0i WD (Sap*) 2120 -0.20 Products (FOB S'pore) US$/borr*J Ownga
      78 words
    • Article
      Soybean
      107 4 SOYBEAN futures closed easier in Chicago on Thursday, but off session lows, with prices down 514 US cents to cent per bushel on late selling pressure. November made a new session low of USSS.OOV6 just before the close and then made gains to finish at $5.01. Prices fell as
      107 words
    • Article
      Wheat
      96 4 WHEAT futures in Chicago on Thursday closed mixed with prices off 1% US cents to up one cent per bushel. December finished 1% cents lower at U552.73%. Post-harvest pressure and speculative selling by commission houses weighed on nearby September and December. Corn futures closed mostly lower with prices off
      96 words
    • Article
      Precious Metals
      204 4 HONGKONG: Gold closed firmer but off the day's highs after a wave of late selling by European trade houses yesterday. Bullion ended unchanged from yesterday's opening U*****.10/60 an ounce, compared with the day's high of U*****.20/70 and New York's U*****.80/ 468.30. On the local market, gold finished HK$B
      204 words
    • Article
      London Markets
      321 4 London Commodity Exchange fcry*f/S«#*r dosing j xicos on Aug 6 (£/tonrw unios sspodflod). Previous doting prtc* s In po Coff»« Kails in-storo London, soUors option OF London Sop 1256/1258 High/Low (1251/1253) 1260/1246 Nov 1279/1280 High/Low (1270/1271) 1284/1267 C —1 dGtvS (2188) Cocoa Sop 1281/1282 High/Low (1281/1283) 1292/1280 Doc
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  • Page 4 Miscellaneous
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  • BANKING AND FINANCE
    • Article
      Lock icon China's gold reserves top 354 tonnes
      89 5 AFP CHINA'S international reserves include 354.76 tonnes (12.49 million ounces) of gold worth more than US$5.B billion, according to the overseas edition of the People's Daily yesterday. Quoting Bank of China figures, the official newspaper also said the country's foreign exchange reserves now amounted
      AFP  -  89 words
    • Article
      Lock icon Lawson justifies increase in base rates
      569 5 FT IN ENGINEERING a one percentage point rise in bank base rates to 10 per cent, the British government on Thursday emphasised that its move was in response to domestic monetary conditions. Chancellor of the Exchequer Nigel Lawson said the decision was designed to
      FT  -  569 words
    • Article
      Forex markets
      1134 5 SINGAPORE: The US dollar closed slightly lower against all major currencies except sterling yesterday, mainly on position adjustments and light customer selling. Trading was extremely thin and the dollar moved within a narrow range. The dollar closed marginally weaker at 151.20/30 yen compared with New York's 151.45/55 close
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    • Article
      Money markets
      64 5 THE OVERNIGHT rate on the Singapore interbank market rose one point to 414 per cent yesterday. The one- and two-month term rates were unchanged while the three-month rose by 1/16 point. S$ Interbank rates at 7pm yesterday: OffW MO 4 1/2 4 1/4 1 -month 4 1/1« 3
      64 words
    • Article
      Government securities market
      82 5 Treasury bills Period Issue Yesterday's closing Day's code Maturity WD OFFER HIGH LOW 3 months BQ*****F 29.10.87 3.04 2.94 6 months BS*****Z 21.01.88 3.15 3.05 1 yeor BY*****S 30.06.88 3.30 3.20 3.18 3.18 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID
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    • Article, Illustration
      World Interest rates
      197 5 Indicate* th* avarag* of tha prim* landing rat** of 12 ma|or banks In S'por* Interbank market rates (offer/bid) on Aug 7 us$ DM •SWfC Y«n 7 day* 3/4 5/8 9 1/4 9 3 11/16 9/16 3 l/a 1 7/8 3 1/3 3/8 1 mth 13/16 ll/l* 9
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    • Article
      September Eurodollar eases slightly
      572 5 Simex/IMM SEPTEMBER Eurodollar oponod two ticks higher at 92.74 on short-covering as softer metal and oil prices eased inflationary fears. Trading range was very narrow as market participants were sidelined ahead of the US July unemployment data. The September contract closed at 92.75 yesterday after trading
      572 words
    • Article
      Asian $ market
      315 5 Asian market ASIAN DOLLAR deposit rates closed little changed from opening levels after thin trading yesterday. Activity was slow in the afternoon as moat operators were sidelined in view of the long weekend holiday in Singapore. Term rates were steady to slightly higher at the outset following a marginal fall
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    • Article
      Lock icon US bonds ease in light trading
      426 5 NYT US GOVERNMENT bond prices ended slightly lower on Thursday as dealers and investors remained on the sidelines awaiting word from the Treasury on the August refunding schedule. The Treasury cannot proceed with its regular quarterly financing until Congress passes either a temporary or
      NYT  -  426 words
    • Article
      Comex gold/silver futures
      155 5 QoW futures on Aug 7 100 toy auncas. USS par toy ou ice Opw Lot M8. Awg «7 468.00 469.40 MO ftf| 46*40 1J0 *•*> 469 JO 469JO 469JO 470.20 1.00 Oo 472.00 474JO ***** 472JO 1.00 Ok <7800 400 JO 477.00 478-60 1.00 Nk M 413
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    • Article
      Lock icon World Bank cuts off credit to Peru
      103 5 Reuter THE WORLD BANK has effectively cut off credit to Peru by downgrading the status of its loans to the country after repayments became long overdue. A bank official said in Washington yesterday that the bank took the action on Monday. Peru was
      Reuter  -  103 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      445 5 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following:1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1987 Net profit for the six months after providing for taxation, diminution in value of assets and after making allocations to inner reserves,
      445 words
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  • WORLD MARKETS
    • Article
      Lock icon Stock markets battle to overcome logjam
      302 6 Reuter INVESTORS EAGER to get in on a global share rally have helped create a paperwork logjam that clogs stock market operations and squeezes brokers' finances. A survey by Reuter correspondents in Europe. Asia and North America shows few markets are completely free from
      Reuter  -  302 words
    • Article
      Lock icon Dow chalks up another record
      953 6 New York Reuter WALL STREET STOCKS finished in record territory on Thursday, just shy of the Dow 2,600 level, as technology stocks surged higher in active trading. A further decline in oil prices helped to ease lingering inflation worries and added to investors' enthusiasm, analysts
      Reuter  -  953 words
    • Article
      Lock icon Taipei brokers see limited scope for foreign funds
      287 7 Reuter TAIWAN'S stock market, a haven for idle investment funds, is hitting new highs but brokers said prospects for greater foreign access were dim despite moves to liberalise the island's financial system. They ruled out the possibility of direct foreign investment in
      Reuter  -  287 words
    • Article
      Lock icon LSE chief in bid to tackle backlog
      153 7 Reuter LONDON Stock Exchange chairman Sir Nicholas Goodison has asked the Treasury to liaise with the exchange over the government's privatisation programme. He said the sale of state companies was fuelling a backlog of share transaction settlements. "We cannot foresee what will happen
      Reuter  -  153 words
    • Article
      Untitled
      1199 7 Selected indices HONGKONG Hongkong Index fridoy 2.3 M 99 Thorsdoy 2.289 22 Week ogo 2.271 92 Hang Seng Index Friday 3.536 19* Thorjdoy 3.497 95 Wee* ogo 3.479 24 All Industrials Fridoy 2.9553 Thorjdoy 2.9453 Week ogo 2.894 8 NEW YORK Dow Jones Thorjdoy 2.594 23* Wednesday 2.566 65 Week
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    • Article
      Lock icon Record high subscription for Oriental
      109 7 Reuter THE FLOTATION of Oriental! Press Group Ltd, publisher of the Chinese language Oriental Daily News, has attracted a record high subscription with its offer ofi 254 million new shares at! one HK dollar each being 281 times oversubscribed, underwriter Citicorp Inter-j national Ltd said.
      Reuter  -  109 words
    • Article
      Lock icon Stock prices suffer severe setback
      797 7 London Reuter THE LONDON STOCK Exchange suffered a new plunge yesterday as sell orders wiped off more than £6 billion from share values by lunchtime. The FT 30 Share Index lost 50 points to 1.704.6 making a plunge of over 125 points in 24 hours.
      Reuter  -  797 words
    • Article
      Tokyo
      348 7 AUG #7 YEN AjlfKXTKrtO Amttfa Asahi Cham Auhi Glass Bank Ot Tokyo Bridgaatona Canon Caaio Computar Citizan D Nip Print D Nippon Scraan DaMchi Kangyo Bank Daiai Daiwa Sac Eiaai Fanuc Fuji Photo Fujitsu Furukawa Co Hitachi Honda isaun Oapt no Yokado Itoh JAL 3380 518 1110 1180 1920
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    • Article
      Hongkong
      326 7 AUO 07 HK Assoc ln« Hotels Bank Ot East Asia Capital Corp Camay Pacific Air Clteung Kong 305 37 00 3 30 740 1330 27 00 +oo» 2 0 06 -0 05 0.1 02 City Resources Crosa Hart) Tunnal Dao Hang 5 55 11 90 162 0 2 unch
      326 words
    • Article
      Seoul
      127 7 AUO 07 WOM Ct*il Sugar Daalim Ind Daewoo Corp Daawoo Haavy Daiahm Securities Dong Ah Ptvar Dong Suh Stock Dongbu Staai Gold Star Hanil Bank Hanil Cement Hankuk Glasa Hanyang Oemical Hyundai Const Hyundai Motor ***** ***** ***** ***** 33S00 ***** ***** ***** ***** ***** ***** 1650 ***** *****
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    • Article
      Taipei
      299 7 ADO 07 NT t All Sincere Indus 426 01 Asia Cemant 45 40 0 7 Cathay Con* 79 00 35 Chang Hwa Bank 140 00 -7 Cheng Loong 43 20 1.4 Chia Ham Cement 38 80 1.1 Chin Hain Flour 15 30 *0 36 China Cham 28 00 -06
      299 words
    • Article
      FAI sells Pioneer, Ampol stakes
      98 7 FAI INSURANCES Ltd has sold its stakes in Pioneer Concrete Services Ltd and Ampol Ltd for a US$l94 million profit. FAI did not disclose the buyers of the 109 million Pioneer shares, representing 17 per cent of the company s stock, or the 23.67 million
      98 words
    • Article
      Sydney
      326 7 AUG 07 CENTS MDUSTI A C 1 A N 1 Abartoyle Sii Ampol Exp AmpcH Pet Anz Ariadne Auat UAL* 430 215 830 *75 -.800 620 ...355 428 289 385S •inch -3 20 unch 2 20 20 +4 -8 B H P Beach Petroleum Bell Group Bond Corp Boral
      326 words
    • Article
      Lock icon Bangkok
      653 7 Reuter HONGKONG: Share prices opened easier yesterday but rallied later, and the Hang Seng Index closed 38.25 points higher at a new high of 3,536.19. The Hong Kong Index rose 25.77 to 2,314.99. Trading was active and turnover was a fairly large HKS2.2B billion. Brokers said initial selling was
      Reuter  -  653 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      828 6 LSE't bid to tacfclo backlog, Pago 7 Seconds are FREE and all bottle sales enjoy a 30% discount 5; St TtTT V. K v one r Steak i >1 i y FAMILY BUFFET has a lavish spread for everyone... FRESH ROCK OYSTERS, SMOKED SALMON, PARMA HAM, MIXED SALADS A SOUP
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    • Advertisement
      Page 6 Advertisements Column 2
      41 6 PENINSULA o HOTEL Immi /v/ *>■ 3 Coleman Street. Singapore 0617 Tel *****00 Sichuan specialities prepared with consummate skill. I uneh 12 noon 2.W pin 1 )innet pin MHO pin lot reservations, plea* telephone e\i. 22 TcTDfDeffiial ISWGAPOt* IMI'H II Ks t
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  • LEŢERS TO THE EDITOR
    • Article
      A date with a 22-year-old
      543 8 IT IS GOOD to watch something good. It is better to participate. If last year's National Day Parade was a big success, it was because the people did not just sit and watch. They participated. They had a good time and, at the end of
      543 words
    • Article
      Building approval system: pros outweigh cons
      675 8  -  Yang Soo Suan D Mailt rrttKMni Singapore Institute of Architects Dear Sir We refer to the letter from Mr J Carter, headlined "New building plan approval system has disadvantages" (BT, July 18, 1987). The Singapore Institute of Architects (SIA) would like to point out
      675 words
    • Article
      Central Business District offence that wasn't
      117 8  -  D W Distant Dear Sir I have for a long time marvelled at the ability of the ladies in blue at the Central Business District gantries at busy multi-lane one-way roads to spot the cars that whiz past without a CBD Area Licence displayed.
      117 words
    • Article
      'Yakult's claim of market share is incorrect'
      229 8  -  John Tan Product Manager Malaysia Dairy Industries Dear Sir Here are some points of clarification on the Business Times article headlined "Cerebos clarifies market position", dated July 29. 1987. Mr C P Lim's earlier estimates of Yakult's market share were based on the
      229 words
    • Article
      Patience of FCW shareholders will be rewarded
      586 8 Dear Sir I refer to the article, "Those FCW Certificates", by Hock Lock Siew writing in the "Taking Stocks" column (BT, July 27). While I generally agree with most of his views on the subject, there are, however, a few points which I
      586 words
    • Article
      Delay in issue of certificates
      74 8  -  D W Distant Dear Sir Investors are all too familiar with the problems caused by the long delay in getting share certificates back from registration. But in view of the extenuating circumstances, we accept the situation. However, less easy to understand is the need for
      74 words
    • Article
      Tender figure for Ministry of National Development Complex
      220 8  -  Lee Hock Guan for Director-G*n«ral of Public Works Public Works Dopt Dear Sir We refer to your report entitled "Tenders close for biggest renovation job in Singapore" dated July 7, 1987. The lowest tender figure for the proposed renovation to the Ministry
      220 words
    • Article
      From one night observer to another
      232 8  -  Thomas Loh Dnt Sir I refer to the article, headlined "Things That Go Bump In The Night" (BT, July 25), by Jaime Lye. It was after reading the article that I decide to write the few paragraphs below and so they are dedicated to
      232 words
    • Article
      Company is able to maintain supply to plastics industry
      231 8  -  John S Hubby Managing Director Phillips Patrolaum S'pora Cham lea Is Dear Sir I wish to comment on the article concerning the current shortage of plastic resins, published on July 27, to correct any impression that our company may be reducing
      231 words
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      Page 8 Advertisements Column 1
      45 8 BT wilcomtt lattars from raadars. Your latters must includa X your signature, full nam*, address, and homa and offica talaphona numbars, H any. You may add a psaudonym, il you wish. Addrass your lattars to: Tha Editor, Buainass Timas, 390, Kim Sang Road, Singapore 0923.
      45 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      761 8 CRYPTIC PUZZLE ACROSS 9 Spread tales about the man on a previous occasion (4, 4) 10 A sticky hand! (3) 11 Doesn't take lettuce? (6) 12 Coming back, met half the people from the building (6) 13 Works with a fel-low-actor; young (7) 14 The way to trap a man
      761 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      31 8 5;, asas J i:ir»W£s»St* l!i !l JxSSxl -Si !^§SJS S9S&' Ik*N® 8^M SW ,»vrv^1 «£v4'<flW &WJM& RriStcW^F»itfcDic£ez£ ©Evening St.mdorcJ Co Ltd .19C2-198/ yoo Pi^E EnTE.R.iN<3 AN j op IoUTSTANCxWCb NF^TuRPvL s£Aury
      31 words
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      170 9 IT MIGHT NOT take much to land a job with a certain advertising agency which recently placed an advertisement for "talent". Among the people it wanted to engage were "art directors who can draw" and "copywriters who can spell". THE WEDDING COUPLE in church was smiling.
      170 words
    • Article
      If it's spiny, it's nice
      178 9 TRENDS AMERICAN GOURMETS are clipping with gusto into on* of Nature's strsngest and most msnadng ssafoods tha spiny saa urchin. Saa urchin has always had its followers. Tha Japanaaa revere it aa an/ served at sushi bars. And Mediterranean natives consume the creature's soft InskJes
      178 words
    • Article, Illustration
      Training butterflies to fly in formation
      946 9  -  P IM M T/^ With PAUL HENG I MEET UP WITH "the President" every Friday on the Bth floor of the Mandarin Hotel's South Wing at 7.30pm. State affairs are usually far from the mind. Instead, we concentrate on how to improve communication and
      946 words
    • Article, Illustration
      Opportunity in the humdrum
      1506 9  -  By MONICA GWEE IT'S LIKE THIS. You take a relatively unsophisticated young woman with big ideas and ambition who thinks she wants a shot at some kind of international recognition. She enters an international beauty contest and quickly discovers that despite her qualities, there is such
      1,506 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article
        Best of both worlds
        809 10  -  HEALTH By RICHARD SEAH HAPPY BIRTHDAY Singapore At 22, you are not very healthy are you? Life is hectic. Work is stressful. Recreation is not always relaxing. The air is not too clean. There are not many places to escape to. Heart disease, cancer, kidney failure
        809 words
      • Article
        No old fogeys dance to these golden oldies
        507 10  -  NIGHTSPOTS By J lAIME LYE THEY CERTAINLY don't check in their dancing shoes at the entrance of the Hilton Hotel's Music Room these days. It used to be just the place for tea and hot scones its living room setting meant that
        507 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Old shoe to boldly trek in
        458 11  -  CINEMA -by Jaime Lye TREKKIES UNITE. Give praise to your heroes Admiral James Kirk and Spock, for they shall lead you to a land of mirth and deja vu. Either that or you'll be exhausted from the jetlag after Star Trek IV: The Voyage
        458 words
      • Article, Illustration
        Some hopeless romantics like it red-hot
        504 11  -  FOOD By THE FOOD TEAM HOPELESS ROMANTICS who want to put a little spark back in their love lives should try taking their old flames down to the Belgian Gastronomic Festival. No guarantee that your date will see fireworks. But the Festival, which started
        504 words
      • Article, Illustration
        Body monopoly on land and sea
        218 11 SHORT TAKES IT WAS a teeny weeny, itsy bitsy, yellow polka what? Bikini? Leaving little to the imagination, not to mention the law of gravity, this little number has been passing off as the swimsuit of the summer in a recent issue of the
        218 words
      • Article
        BILLBOARD
        790 11 CINEMA: The Living Dayllghta starring Timothy Dalton. Showing at Lido: 11; 1.30; 4; 6.45; 9.15 and Changi: 11; 1.30; 4; 7; 9.15. Superman IV starring Christopher Reeve and Gene Hackman. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Lethal Weapon Starring Mel Gibson, Danny Glover. Showing at Capitol: 11;
        790 words
      • Article, Illustration
        A sign of the times
        552 11  -  ANNIVERSARIES By JAIME LYE YOU'VE no doubt heard of the crabby Cancer. The fastidious Virgo. Or the multi-faceted Gemini. Be it fact, fiction or just a hazardous guess. Jeanne Dixon and the likes of her have long been touting astrology as the be-all-and-end-all of personality
        552 words
      • Article, Illustration
        Lock icon Wadkins takes opening lead in PGA event
        522 12 GOLF UPI BOBBY WADKINS. who throughout his winless golfing career has been overshadowed by younger brother Lanny, overcame the heat, rough, wind and patchy greens on Thursday to fire a four-under 68 and seize a one-shot lead in the opening round of the
        UPI  -  522 words
      • Article
        PGA plans to lure players on Malaysian circuit
        386 12  -  By WALTON MORAIS THE PROFESSIONAL Golfers' Association of Singapore is trying to schedule its showcase PGA championship this year in line with two tournaments on the lucrative Malaysian circuit. The Singapore PGA championship is tentatively planned for October but the PGA is
        386 words
      • Article, Illustration
        Partnership – cooperation and understanding
        645 12  - Partnership cooperation and understanding BRIDGE By MIKE THUMBA IT WOULD NOT be out of place to repeat the often-mentioned truism that bridge is a partnership game. Partnership understanding and cooperation are essential and almost decisive. Before considering a few hints on how to achieve understanding and co-operation, first of all,
        645 words
      • Article
        Lock icon Dream threesome draws the crowd
        445 12 AP AS THEY WALKED onto the first tee in order of seniority on Thursday, the crowd cheered louder with each superstar Tom Watson, Jack Nicklaus, Arnold Palmer. The dream threesome, winners of 33 major professional titles, drew a huge and appreciative gallery in the first
        AP  -  445 words
      • Article
        Lock icon Pro disqualified for rules violation
        116 12 Reuter JAMES BLAIR, a club professional from Utah, was disqualified from the PGA Championship on Thursday for an inadvertent violation of rules. After Blair marked and lifted his ball on the third green, he gave it to his caddy to clean, according to tournament officials.
        Reuter  -  116 words
      • Article, Illustration
        Lock icon Agassi and Rive continue to stage upsets
        425 12 TENNIS AP SEVENTEEN-year-old Andre Agassi and qualifier Joey Rive pulled off upsets for the second strsight day on Thursday to advance to the quarter finals of the Volvo International Tennis Tournament. Agassi, who eliminated thirdseeded Pat Cash on Wednesday, ousted hard-serving Chip Hooper
        AP  -  425 words
      • Article
        Lock icon Nelson Piquet to join Lotus in next year's Grand Prix
        186 12 MOTOR RACING Reuter WORLD Championship leader Nelson Piquet of Brazil has agreed to drive for Lotus in the 1988 Grand Prix motor racing season. The British team announced in Budapest that the twice former world champion, who now drives for
        Reuter  -  186 words
      • Article, Illustration
        Lock icon Hearns has relinquished light heavyweight title, says manager
        310 12 BOXING AP AMERICAN Thomas Hearns wants to be the World Boxing Council s middleweight champion, not its light heavyweight champion. Responding to a WBC ultimatum, Emanuel Steward, Hearns's manager-trainer, said in a telephone interview from Detroit: "Tommy has definitely given up the
        AP  -  310 words
      • Article
        Lock icon Barkley-Kalambay fight to go ahead
        86 12 AP THE WORLD Boxing Association has sanctioned an Oct 10 fight in Italy between Iran Barkley and Sambu Kalambay for its vacant middleweight title, promoter Bob Arun announced on Thursday. The title became vacant when the WBA stripped Marvin Hagler before his 12-round split decision
        AP  -  86 words
      • Article
        Lock icon Japan to join America's Cup competition
        159 12 YACHTING UPI JAPAN made it official on Friday that it will compete for America s Cup, the world s most prestigious yachting race. Tatsumitsu Yamazaki. the chairman of the organising committee. said the official entry form was sent to the San Diego Yachting Club,
        UPI  -  159 words
    • Executive Lifestyle: Personal Investment
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      29 9 -ii SSS® fPii- rs\ •'*VfcK' S3K& m «-> *S Jl 1.. 1 •u> S^IT- T The only Card you'll ever really need. Call 732 2244 for an application form today.
      29 words
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      Page 9 Advertisements Column 2
      111 9 The Hour Glass Singapore's premier watsch Boutique with the largest range of watches in these 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. i
      111 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      2635 10 Movies Poirot and the 'World's Best' Super talents Katherine Hepburn and Denholm Elliott team up in Mra Dalaflald Want* To Marry as an aristocratic widow and her personal physician who fall in love. The relationship is opposed by the children from both sides, not only because of their seeming old
      2,635 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      539 11 SIM LIM FINANCE LTD 10, JALAN BESAR, #14-01/12 SIM LIM TOWER SINGAPORE 0820 COMPANY ANNOUNCEMENT The Board of Directors of Sim Lim Finance Limited makes the following announcement: 1. AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 1987 The audited results of the Company and of the Group for the
      539 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      28 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
    • Advertisement
      Page 13 Advertisements Column 2
      549 13 NOTICES IN THE MATTER OP COMPANIES ACT (CHAPTER 185) AND IN THE MATTER OF NIFRA PRIVATE LIMITE (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY G VEN pursuant to Sectlc 306 of tbe Companies Ac Cap. 185, that the Fin Meeting of the Compac will be held at 6 Battel Road.
      549 words
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      Page 13 Advertisements Column 3
      598 13 ii'i ji:l ACT. CAP. SO CHANG HONG TIMBER PTE. LTD. (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of Chang Hong Timber Pte. Ltd. duly convened and held at 101, Upper Cross Street #04-43. People's Park Centre. Singapore. 0105 on the 31st day of July 1967 the
      598 words
    • Advertisement
      Page 13 Advertisements Column 4
      842 13 NOTICE NOTICE IS HEREBY GIVEN that, I Lee King Siong of No. 95 Queen St. Singapore 0718, have applied for a Retail Beer Shop licence in respect of premises at M/s Sunshine Sound Centre at 53 Johore Road Singapore 0718, and that this application will be heard in Court No
      842 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Market's upsurge attributed to institutional buying
      4360 14 SUSTAINED BUYING of selected blue chips and quality issues pushed the Straits Times Industrial Index to another record high. The index surged to a record 1,464.22 for a gain of 28.27 points on moderate turnover. The BT Composite Index added 24.62 points to a
      4,360 words
    • Article
      Chief price changes
      246 14 C E IN* Rortwim Mih S f M u o» Traaofc Mlno* WW* HMgs M lanktag Glibigl PoHk Han Cmk« SO* IC 1 C K Tang 0 1 S 1 c s RIms 2230 1090 1010 760 700 1170 90J 740 740 7*5 *25 535 1700 1200
      246 words
    • Article
      Business done on the SES
      4303 14 BID mad offer prices affiruny listed and business in «mi reported to the Stock Exchange o* Singapore yesterday with the number of shares traded shown In bracken in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT'.
      4,303 words
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  • COMPANY NEWS
    • Article
      Lock icon Rescue plan for KSM reaches its final stage
      510 15 MBT MAGNUM FINANCE is eventually to be listed on the Kuala Lumpur Stock Exchange if a rescue plan worked out for Koperatif Serbaguna Malaysia (KSM) is implemented, informed sources have said. This will be necessary to ensure that KSM depositors, who will
      MBT  -  510 words
    • Article
      KIO raises Singland stake to 9pc
      140 15 THE LONDON-BASED Kuwait Investment Office has raised its stake in Singapore Land to 8.5 million shares or 9.01 per cent from 6.52 million shares or 7.06 per cent. The shares are registered in the name of Mayban Nominees. The KIO had actually sold 391,000
      140 words
    • Article
      Blue chips steal the limelight on KLSE
      3453 15 SHARE PRICES closed slightly steadier in moderate trading on the Kuala Lumpur stock market yesterday. Blue chips and quality counters recorded double-digit gains. The market opened slightly higher and thereafter inched upwards to finish marginally steadier during the first hour. By the lunch
      3,453 words
    • Article
      George Town share offer opens for subscription today
      306 15 GEORGE TOWN Holdings' (GTH) public issue of five million shares of Msl each at par will open for subscription today making it the fifth public issue for the year in Malaysia. The issue, which is part of an overall corporate restructuring by
      306 words
    • Article
      Sim Lim Finance making $6 million cash call
      467 15  -  By NAJEEB JARHOM UNDAUNTED by sharp losses in the year ended March, Sim Lim Finance is looking forward to return to the profit path this year and has asked shareholders to fork out $6 million. This money will come from a straight
      467 words
    • Article
      IGB plans bonus, rights and special issues
      299 15 IGB CORPORATION Bhd has proposed a two-for-five bonus issue and a two-for-five rights issue as well as a special issue to eligible employees. The rights, priced at Ms 2 a share, and special issues have transferable subscription rights (TSRs) attached to them. This
      299 words
    • Article
      Unit trusts
      271 15 Managers' prices for Aug 8, 10 11 Singapore Unit Trust The Commerce 1 28 135 The Sov.ng* Fund 1 10 1 17 S'pore Frog Fund 053 057 S pore Sec Fund 088 1 D 94* S pore Invest Fund 093 099 S pore Equity Fund 064 069 Asia
      271 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      524 15 nr r. &lct/irnanA of @h//KA(a/l fxJl(a/a4f&ui)t&eAAad (Incorporated in Malaysia) ANNOUNCEMENT The directors are pleased to announce: 1. Audited results for the year ended 30th June, 1987 GROUP COMPANY 1987 1986 1987 1986 Msooos Msooos Msooos Msooos TURNOVER 628,716 553,398 13.6 628,476 553,202 13.6 TRADING PROFIT after charging 102,806 86,503 18.8
      524 words
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  • Article
    NME plans $25m expansion for Mt Elizabeth Hospital
    525 16  -  Preliminary talks with government By ALVIN TAY Banking Correspondent NME (SINGAPORE) Holdings Ltd. the owner and manager of Mount Elizabeth Hospital, has expansion plans which would mean a further investment of $25 million over a three-year period. Mr Dallas E Riddle, chief
    525 words
  • Article
    SMRT rolls off with an initial paid-up capital of $10m
    489 16  -  By LIM SOON NEO THE company that will run the Singapore mass rapid transit system was incorporated on Thursday with an initial paid-up capital of $10 million. Singapore MRT Ltd has an authorised capital of $250 million with 250 million
    489 words
  • Article, Illustration
    'Beatles dress' fetches £4,000 at auction
    73 16 A RARE CINEMA usherette's dress from the premier of the Beatles film 'Hard Days Night' was sold on Wednesday at Sotheby's auction rooms in London for £4,000 during a memorabilia sale. The dress, in blue and white printed cotton, was worn by one of
    73 words
  • Article
    Lock icon Aussies told to change labour image
    82 16 Reuter AUSTRALIA may lose the Japanese coal market to China unless it changes its image as a nation riddled with labour strife, New South Wales state premier Barrie Unsworth said yesterday. Mr Unsworth, who returned from a three-week Asian tour, said Australia was being
    Reuter  -  82 words
  • Article, Illustration
    More ways than one to get the President's ear
    43 16 A PARK SERVICE workman using a cloth-wrapped pole the way a mother might wipe a baby's ear as he cleans the statue of Abraham Lincoln at the Lincoln Memorial in Washington DC on Thursday.
    43 words
  • Article
    OECD expects UK growth to be brisk
    190 16 BRITAIN'S economy should grow relatively quickly over the next two years, but inflation rates will be fairly steady, the Organisation for Economic Cooperation and Development (OECD) said yesterday. Recent economic developments in Britain compare favourably with both its own past performance and that
    190 words
  • Article
    Lock icon Survey points to Malaysia's attractions for foreign investors
    152 16 Bernama ES MALAYSIA'S improving infrastructure coupled with its political and economic stability and relatively cheaper labour are highly-rated as favourable conditions for making direct investments. a survey by the Tokyo-based Asean Centre revealed yesterday. The survey results were contained in the latest
    Bernama ES  -  152 words
  • Article
    Lock icon Sri Lanka appeals for foreign aid to rebuild economy
    195 16 AFP SRI LANKA appealed to the international community yesterday for aid to rebuild the island's war-torn economy. Finance Minister Ronnie de Mel said damage to the north and east of the country, the centre of the Tamil separatist struggle, was estimated
    AFP  -  195 words
  • Article
    Lock icon Siddhi calls for more dynamism in Asean economy
    300 16 Bernama ASEAN marks its 20th anniversary today amidst a call to turn itself into a more dynamic economic centre for the benefit of its people and the region. "As the centre of world trade increasingly gravitated to East Asia and the Pacific
    Bernama  -  300 words
  • Article
    Lock icon Philippine minister hits out at debt default move
    152 16 Reuter THE GROWING call in the Philippines for a repudiation of some qf the country's US$2B.4 billion foreign debt was strongly attacked yesterday by the finance minister and the leader of an influential business group. Finance Secretary Jaime Ongpin said a repudiation
    Reuter  -  152 words
  • Article, Illustration
    Petitions to wind up Emporium Holdings withdrawn
    340 16 EMPORIUM HOLDINGS, once up to its neck with debts, can now heave a sigh of relief as 21 petitions to wind up the group were withdrawn in the High Court yesterday. Lawyers for the various petitioning creditors yesterday applied for leave to withdraw
    340 words
  • Article
    Lock icon Labour unrest a grave threat to Korean economy — analysts
    357 16 Labour unrest a grave threat to Korean economy analysts AFP GROWING LABOUR disputes now sweeping South Korea could seriously threaten the country's export-oriented economy, which has been performing remarkably well, trade officials and analysts said yesterday. A brief shutdown of Hyundai's car plant in Ulsan because of industrial action elsewhere
    AFP  -  357 words
  • Article
    Comex gold
    94 16 COMEX* gold futures yesterday snapped back from early lows on short-covering and possible new buying following a fast-paced recovery in silver. December gold held a net loss of US$5.lO at U*****.40 an ounce after bouncing up from U*****.00. Dealers bought into the weakness which stemmed from re- ports
    94 words
  • Article
    Lock icon Tokyo to raise export-ban penalties
    73 16 Reuter A SENIOR Japanese trade official will go to the US next Monday to outline Japan's tougher stance on illegal exports to the Soviet bloc. A Trade Ministry spokesman said yesterday Noboru Hatakeya- ma will explain plans to raise penalties for breaking the export ban
    Reuter  -  73 words
  • LATE FILE
    • Article
      Lock icon Seoul assembly endorses PM
      60 16 AFP SOUTH Korea's National Assembly yesterday approved the appointment of Kim Chung-Yul as Prime Minister by a vote of 144 to 72 with 16 invalid. The main opposition Reunification Democratic Party voted against the appointment of the 70-year-old retired air force general who was appointed by
      AFP  -  60 words
    • Article
      Lock icon Sikhs storm Hindu homes
      30 16 Reuter SIKH GUNMEN stormed Hindu homes at Majita, some 20km from Amritsar. early yesterday, mowing down 13 people in a blaze of automat» ic fire. Reuter
      Reuter  -  30 words
    • Article
      Lock icon Bofors prosecutor wants more time
      38 16 Reuter THE PROSECUTOR probing accusations that Swedish arms maker Bofors smuggled millions of dollars worth of weapons to Iran and other blacklisted states asked yesterday for six months more to complete his investigations.
      Reuter  -  38 words
    • Article
      Lock icon House committee cuts aid request
      45 16 Reuter A KEY House of Representatives committee yesterday approved a US$l3.2-billion foreign aid bill, cutting President Reagan's request by US$2.7 billion. Mr Reagan sought US$l5.9 billion much of it in military aid a 14 per cent increase from 1987. Reuter
      Reuter  -  45 words
    • Article
      Lock icon Peace plan signed
      38 16 Reuter THE SPEAKER of the US House of Representatives said yesterday he had been told that the five central American presidents meeting in Guatemala had reached agreement on a peace plan for the region. Reuter
      Reuter  -  38 words
    • Article
      Lock icon Former Japanese PM dies
      48 16 Reuter FORMER Prime Minister Nobusuke Kishi, who challenged the US in war and allied Japan to it in peace, died yesterday. Mr Kishi, 90, brother of Eisaku Sato, another former prime minister, has been in hospital with sugar diabetes and liver trouble since January
      Reuter  -  48 words
    • Article
      Lock icon No adverts for KL doctors
      34 16 Bernama THE LAW clearly prohibits advertising medical skills or services except with the approval of the health minister, said Malaysia's health direc-tor-general Tan Sri Or Abdul Khalid Sahan yesterday.
      Bernama  -  34 words
    • Article
      Lock icon Sihanouk to visit Beijing
      52 16 UPI CAMBODIAN leader Prince Norodom Sihanouk will pay an official visit to Beijing late this month. Srey Nory, a spokesman for the coalition government s Beijing embassy, said Prince Sihanouk would be accompanied by the leaders of the two other guerilla groups, Sonn Sann and Khieu
      UPI  -  52 words
    • Article
      Lock icon Trade surplus for Taiwan in July
      42 16 AP TAIWAN registered a trade surplus of US$l.74 billion for July, down 3.7 per cent from June's US$l.B billion but an increase of 22 per cent over the same period last year, a government agency said.
      AP  -  42 words
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