The Business Times, 3 October 1987

Microfilm: NL15956
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 112/12/86 Weekend Edition, October 3-4 1987 75 CENTS
    12 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    193 1 Exchanga rates THE S$ closed weaker against the US$ at S$2.0940/50 (S$2.0915/25) in thin trading yesterday. It also fell against the M$, HK$. yen, C, Swiss franc and DM. US1 146.20/30 yen, 1.8390/840 DM, S$2.0940/50 L US$1.6140/50 M$, S$0.8252/59 OnrNM markets Friday HK Hang Seng Index 3932.04
    193 words
  • Article
    Lock icon Tibetans protest against detention of eight monks
    122 1 AP ABOUT 2,000 Tibetans stoned police in the Tibetan capital of Lhasa and set a police station and official vehicles on fire'after police detained eight monks who were demonstrating for Tibetan independence, witnesses said yesterday. One traveller returning from Lhasa reported that two
    AP  -  122 words
  • Article
    Christmas demand pushes toy exports up sharply
    501 1  -  Dearer toy parts eating into profits By CHUANG PECK MING TOY EXPORTERS are toting up their Christmas orders and preliminary indications are that while sales are robust, profit margins have narrowed. Exporters attributed the squeeze on profit margins to dearer toy parts resulting
    501 words
  • Article
    MRT fares to range from 50 cents to $1.10
    586 1  -  By LIM SOON NEO THE FARES for train rides under Phase 1 and 1A of the Mass Rapid Transit (MRT) system will range from SO cents to $1.10 for adults, disclosed Mr Fock Siew Wah, chairman of the Singapore Mass Rapid
    586 words
  • Article
    Fares for MRT rides reasonable, says SBS
    322 1 THE Singapore Bus Service (SBS), the biggest bus operator in Singapore, thinks that the fares for Mass Rapid Transit (MRT) system are reasonable. While in other countries, MRT fares are much higher than bus fares because of the high capital costs involved, the
    322 words
  • Article, Illustration
    Stocks end firmer in light trading
    200 1 THE SINGAPORE stock market cloeed firm in light trading yeeterday aa share pricee roee over a broad front on bargain-hunting and ahortcovering. The Straits Times Industrial Index jumped 17.52 points to 1,419.67 while the BT Composite Index rose 16.37 points to 1,267.09. Trading volume
    200 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      247 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM mm THE STRONG YEN has prompted another Kobe Steel subsidiary the sixth to set up operations here. The strength of the yen was eating into the profits of its operations in Japan. HOME NEWS, Page 2 DIAMOND SALES in Singapore, which totalled about $100
      247 words
    • Advertisement
      Page 1 Advertisements Column 2
      277 1 Nikon THiwowxrs-r FINEST PHOTOGRAPHIC SYSTEM -'•-Of- 'VJSIT^ > «f i I'll take Perth Page 9 nrmmt TrMa A bargain you don't have to pay for Page Obese children: their genes and lifestyle WNkMi iv TV programmes (or today and tomorrow Tracy, Blunt and Christopher Columbus La Bambs a tribute to
      277 words
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  • HOME NEWS
    • Article
      Kobe Steel subsidiary starts operations here
      367 2  -  Strong yen main reason behind setup By LILY FERNANDEZ THE strong yen has prompted another Kobe Steel subsidiary the sixth to set up operations here. Kobe Lead Frames Singapore Re Ltd (KLFS) produces lead frames used in making integrated circuits and semiconductors for the
      367 words
    • Article
      Australian premier to deliver Singapore Lecture
      216 2 AUSTRALIAN Prime Minister Bob Hawke, whose eloquence and quickness of mind impressed Prime Minister Lee Kuan Yew, will deliver the 1987 Singapore Lecture next month. Mr Hawke, who recently became the first Labour head to win office for the third successive time, will also
      216 words
    • Article
      SHIPS IN PORT
      1041 2 AT CONVENTIONAL WHARVES Batom Mulia M2A alongside 03.10/2300 VMMl Bina Bahogia MIC alongside 06.10/2300 Bwtti Arrival Dopartun 1 Bonastar H M4A 03.10/1200 04.10/2300 KEPPEL WHARVES Kah Onn M3B 03.10/0800 03.10/2359 AsM«y lykes K36 alongside 03.10/1200 Syohputro M2B 0310/0800 0310/2300 Equator V K22 alongside 03.10/2359 SEMBAWANG Feiteng K33
      1,041 words
    • Article
      Colonel Chng appointed civil defence commissioner
      97 2 COLONEL Chng Teow Hua, 49, has been appointed the Commissioner of Civil Defence at the Singapore Civil Defence Force. Currently Deputy Commissioner of Civil Defence, he will assume the appointment from Oct 9. He was awarded the Public Service Star (BBM) for his rescue
      97 words
    • Article
      On materials technology
      66 2 AN EXHIBITION and seminar on materials technology for the manufacturing industry will ba held by the Singapore Institute of Standards and Industrial Research (Sisir) in its premises at the Science Park. The event, to be held from Oct 5 to 7, is in conjunction with Technology Month,
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    • Article
      Cancer centre to be set up after redevelopment of SGH
      176 2 THE HEALTH MINISTRY'S proposed cancer centre will only be set up in two to three years' time after the redevelopment of the Singapore General Hospital. The decision to set up a cancer treatment centre was first disclosed by the ministry's
      176 words
    • Article, Illustration
      Going all out to be a centre of biotechnology research
      468 2  -  By JEFFREY TSANG BIOTECHNOLOGY has yielded few products to date but Singapore is going all out to invest in it anyway. At the opening of the $18 million Institute for Molecular and Cell Biology yesterday, Dr Tony Tan, the Minister
      468 words
    • Article, Illustration
      Diamonds retain their sparkle
      592 2 DIAMOND SALES in Singapore, which totalled about $100 million last year, are expected to grow by X to 40 per cent this year, according to prominent diamond wholesaler Isac Pinsler. About half of these salea are targeted at wealthy buyers in neighbouring countries, especially in Indonesia,
      592 words
    • Article
      MEMO-PAD
      224 2 Seminars and courses Oct 10 lb* Low and Practice of Company Meetings,ond Maintaining Quality and Avoiding Negligence for Secretaries and Accountants Oct 12 Recent Progress in R&D on Microelectronics Oct 12 Current Trends in Industrial Robotisation and Automation Oct 12-14 Sales leadership by Objectives Port II Oct 12-14 Professional
      224 words
    • Article
      French businessmen seek partners
      120 2 A FOUR-MEMBER French business group is here to scout for woodworking equipment and investors to set up joint venture tool manufacturing plants in France. The team from the Chamber of Commerce and Industry of La Reunion, France, is led by Mr JeanMarie Dupuis. Mr Dupuis ssid
      120 words
    • Article
      Corrections and clarifications
      43 2 TWO NAMES were misspelt in the article entitled Omega in Marketing Drive on Page 9 of the BT of Sep 30. 'Symbols' should have been Symbol' and Sunil Amasuriya should have read Sunir Amarasuriya. We are sorry for the mistake
      43 words
  • Page 2 Advertisements
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  • OVERSEAS
    • Article
      Lock icon US body raises estimate for semiconductor shipments
      372 3 Reuter THE US S«miconductor Industry Association, citing a stronger-than-expected pickup in demand, said it revised upward its estimate for worldwide shipments of semiconductors in 1967. The trade group said it projected that 1967 worldwide shipments will jump 21.8 per cent to US$32.l billion.
      Reuter  -  372 words
    • Article
      Lock icon EC in budget crisis again
      247 3 AFP THE Common Market was again in a budget crisis on Thursday, as national budget ministers failed to agree on EC financing for next year. But this time, the crisis is more dramatic because, for the first time in EC history, the budget ministers will
      AFP  -  247 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      879 3 ARRIVALS Operator Sorvic* Local From number tkrw SU SQ11 0045 LAX/NTT UA UA805 0045 SFO/HKG MAS AAH621 0140 KUL CAL 0333 0405 TPE SU SQ41 0615 MAA MK MK746 0730 MRU StA SQ411 0820 BOM MAS MH681 0820 KUL SV SV398 0835 JED/RUH KAL KE624 0840 KUL
      879 words
    • Article
      Lock icon Tourism body may suspend non-paying members
      108 3 Reuter THE World Tourism Organisation (WTO), hit by financial problems despite the industry's wsalth. may suspend 16 of its 106 member countries if they fail to pay their dues, delegates at its general assembly said on Thursday. Thirteen travel organisations which are associate members
      Reuter  -  108 words
    • Article
      Lock icon Honasan warns of another coup bid this month
      395 3 Reuter REBEL troops who came cloee to toppling the Philippine government of President Corazon Aquino in August will stage another coup attempt this month, their leader was quoted as saying yesterday. Colonel Gregorio Honasan told Manila's Tempo newspaper in an interview that
      Reuter  -  395 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      67 3 fI If \l I f I If The business person's choice, every I I II I 1 Tuesday, Thursday. Saturday and I 1 f fI \l I 1 I Sunday. Leaving Changi Airport at I V/M VV/l 1 -L 22:05 hours and arriving at Lester B. Ftearson International Airport the
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    • Advertisement
      Page 3 Advertisements Column 2
      143 3 a *0 as-Err S^3===:n rH £a Piaget Dancer. Hand crafted in 18k solid gold and water resistant to 30 meters. i A y LA CCTE-AUX-FEES ET GENEVE Chez les plus grands joaillicrs du monde PiageT SINGAPORE PTE LTD Showrooms ind Service Centres: Smgspore: ■02-26/27 Hilton International Singapore. Orchard Road. Singapore
      143 words
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  • COMMODITIES
    • Article
      Lock icon New tin futures market keenly awaited
      396 4 Japanese, European traders likely to be major players Reuter JAPANESE and European traders will be major players in the new tin futures market which starts at the Kuala Lumpur Commodity Exchange (KLCE) on October 27, brokers and a senior KLCE official said. '"European traders,
      Reuter  -  396 words
    • Article
      Lock icon Silver likely to consolidate at US$7.50/8.00
      147 4 Reuter SILVER is likely to consolidate between US$7.5O and US$B.OO an ounce until a more decisive trend in the dollar begins to emerge, says London bullion house Samuel Montagu in its monthly silver letter. The Gulf war provides background support and the market still
      Reuter  -  147 words
    • Article
      Lock icon Wheat council cuts Crop forecast by 12m tonnes
      419 4 AFP THE INTERNATIONAL Wheat Council (IWC) has cut its forecast of the 1967-88 (July-June) world wheat crop by 12 million tonnes, to 506 million following adverse weather before and during harvest in several parts of the northern hemisphere, according to a market
      AFP  -  419 words
    • Article
      Oil and Products
      88 4 A QUIET day on the Far East petroleum products market. Most products remained at Thursday's levels in the absence of fresh trade. Only fuel oil was discussed at noticeably levels as sellers of prompt barrels came under pressure from relaxed buyers. Dubai (Nov) WW Taxcx US$/barr«t 17.13
      88 words
    • Article
      Lock icon KL Tin
      112 4 Reuter THE Kuala Lumpur Tin Markat (KLTM) prlca yaatarday fall 10 cants to M 516.85 par kg on lack of buying intaraat, daalara said. Bids wara small at yastarday's opanlng laval of M 516.95, but incraasad as ths prlca gradually dacllnad. Turnovar sattlad at 76 tonnas, which Includad
      Reuter  -  112 words
    • Article
      Produce Prices
      284 4 Chinese Produce Exchange Sdltn noon doting pet Oct 2 (SS/100 kg) cm on Coconut oil Bulk FOB 95.00 OM drum FOB 105.00 Now drum FOB 109.00 Copra MUod IIoom) 56 Pepper FOB NIW 1327.50 Sarawak <Mlt FOB faq NIW 1312.50 Sarawak «p*dal black FOB NIW 977JO Sarawak Asta
      284 words
    • Article
      Lock icon Rubber
      310 4 Reuter SINGAPORE THE MARKET yesterday closed slightly lower with November 1 RSS buyers quoted at 215.75 cents/kilo, down 0.75 cent from Thursday. The morning session lost 0.50 cents due to lack of buying interest in dull and featureless trading. Prices were little changed in thin afternoon trading on continued
      Reuter  -  310 words
    • Article
      RAS and MRELB
      263 4 HAS prices i» mm* k Ml in bata NOON CLOSE Bvyon Setteri Bvyort e M 39W9TI tat 1 KS Prompt 217.75 218.75 N 217.25 218.25N tat 1 KS Nov 87 216J5 216J5 215.75 216.25 tat 1 KS Doc 216^50 217.00 216.00 216J0 tat 2 KS Of 214
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    • Article
      SSR and SMR
      81 4 (artl/kg. 1*» poftetij NOVEMBO 87 DECEMIB (currant month) (forwoi rd month) RAS NOON •wr*n Sdhn NOON llnwi WWn SS* 20 aioA> ***** 210.00 212.00 SSt 50 20M0 210J0 20SJ0 210.50 MRELB tuym Sthn Satan SMI cv 2MJO 270J0N 2*9 JO 271 JON SMt I 347 JO 269JON
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    • Article
      Lock icon Wheat & Soybean
      246 4 Wheat Soybean Reuter WHEAT FUTURES on Thursday surged to new highs late to cloee sharply higher on the Chicago Board of Trade, with prices up 10-1/2 to 7-1/4 cents. December closed up 9-1/4 cents at US$2.9B-1/2 a bushel, just off its session high of U552.99. Corn futures closed 33/4 to
      Reuter  -  246 words
    • Article
      Palm Oil
      458 4 Crude palm oH futures yesterday finished higher but off the day's best in moderate trading on the KLCE in line with weekend short covering activities. Traders said the higher close on the Chicago Board of Trade and the Rotterdam produce market helped push up prices towards the end
      458 words
    • Article
      Lock icon Precious Metals
      440 4 Reuter HONGKONG: GOLD yesterday closed firmer in fairly active trading on renewed buying interest and shortcovering ahead of the weekend, dealers said. They said the weakness of the US dollar encouraged some gold buying, adding that news on Thursday of a jump in the Commodity Resesrch Bureau (CRB)
      Reuter  -  440 words
    • Article
      London Markets
      311 4 London Commodity Exchange luytf/StNif doiiw >g pricoj on Oct 1 (£/«omw un t*n ipotWIod). Previous doting prtcot In can— loth In-ftor* London, mMoti option OF London Nov 1306/1310 (1287/1288) High/Low 1310/1280 Jon 1339/1340 (1312/1313) High/Low 1339/1310 Soio* (3647) Cocoa OK 1193/1194 (1184/1188) High/Low 1196/1170 Mar 1225/1226 (1218/1219) High/Low
      311 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      174 4 The University of Melbourne Graduate School of Management MBA Applications are invited for admission to the 1988 MBA program. This is a two year full-time program commencing in March 1988 and is offered on a full fee-paying basis to overseas students. Applicants should have a university degree and at least
      174 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      126 4 Sunny Clear Oowdy Clear Cloudy Cloudy Gear Sumy Clear Clear Cloudy Clear Sumy Clear Clear Clear Cloudy Sumy Rain Cloudy Clear Hazy Clear Clear Clear Clear Clear Cloudy Cloudy Clear Clear Cloudy Rain Clear Cloudy Cloudy Storms Clear Cloudy Cloudy Cloudy Clear Showers Hazy Cloudy Cloudy Cloudy Singapore OUTLOOK: Showers
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    • Miscellaneous
      Page 4 Miscellaneous Column 2
      60 4 Doonesbury TOQAY m'RS VISITING AN AMAZN6 COUNTRY! A COUNTRY THAT IN SOME RESPSOS JUST UKB OUR OWN! 4 3K! P S !K [imiiii m Gl VI .x m m M BY GARRY TRUDEAU rrsASPecjALPiAcam&peopLß- OWN 2 3 VCRS PER HOME, APPROVE OF LIPOSUCTION, CANT GET ENOUGH POPCORN. YES. ITS... 'A
      60 words
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  • BANKING AND FINANCE
    • Article
      Options
      1100 5 INTEREST RATES OPTIONS p tWoy, C Jctobpr 2. 1987 KUROOOLLAR 1—X) m icITodb 0 M 87 pdto Lot um M*» LOT *da 9000 133 2 9030 93A 88 4 9100 52A 30 15 9123 36A 33 24 24 24 9130 22A 30 33 33 34 9173 11 11 II
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    • Article
      Asian $ market
      259 5 Asian market ASIAN DOLLAR deposit rates yesterday closed little changed from its opening levels in quiet pre-weekend trading. Short-dates weakened 1/16 to 3/16 point at the outset but thereafter were unchanged. Weekend closed at 7-1/4 7-1/8 per cent and week-fixed at 71/2 7-3/8 per cent Term rates were steady to
      259 words
    • Article
      Comex gold/silver futures
      123 5 Gold futurM on Oct 1 100 troy aunaK USS par troy or unce OpoN lam MM Oo Ma* 45X50 455XO 45X00 454 QQ 1X0 Ok 439JO 441.00 457.90 ***** T U.TW X90 Nb M ***** 467JO 464 00 46X10 0X0 47X60 47X30 471 JO ***** X70 inn
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    • Article
      Money markets
      68 5 THE OVERNIGHT RATE on the Singapore interbank market rose point to end at 3% per cent yesterday. The two-month term rate was 1/16 point higher while the one- and three-month rates were up 1/8 point. S$ Interbank rates at 7pm yesterday: on mo O»3 1/3 3 1-north 4
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    • Article
      Government securities market
      84 5 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFER HK>H LOW 3 nmntw 8Q*****Z 31.12.87 3.44 3.39 3.42 3.38 6 months BS*****Z 21.01.88 3.50 3.45 1 year BY*****M 22.09.88 3.92 3.87 3.89 3.88 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      84 words
    • Article, Illustration
      World interest rates
      195 5 Indicate* the ivtrtQt of ii. m n ,I M m uvV pfliTif IVfiQliiQ rilVI Of 12 ma|or bank* In 3'por* I ates (offer/bid) on Oct 2 usi DM SWFC Y«n 7 <tor> n/i-j/i 10 i/a —10 3 7/0 3/4 3 1/4 3 3 1 J/1* 13/1* I
      195 words
    • Article
      Lock icon Simex/IMM
      580 5 BA Futures DECEMBER Eurodollar yesterday opened lower again at 91.38 as compared to the previous close of 91.43. Expectation of a coordinated discount rate increase in Japan and the US kept the market under pressure. The December contract met resistance at 91.38 and hacked off to a low of
      BA Futures  -  580 words
    • Article
      Lock icon Forex markets
      515 5 Reuter SINGAPORE: THE US dollar yesterday closed slightly lower against major currencies after fluctuating in moderate pre-weekend trading. Dealers said the dollar started on a steady note, but met selling pressure in the early part of the afternoon session to touch a low of 145.75 yen on a
      Reuter  -  515 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      274 5 A Prestigious Simt An Exclusive Beginning SINGAPORE'S BIGGEST SNOOKERIUM IS m r m w m In a total area of 15.000 sq ft and in exclusive surroundings the privileged snooker enthusiast can now play this refined game in unrivalled luxury. Nothing has been spared to provide the right ambience for
      274 words
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  • WORLD MARKETS
    • Article
      Lock icon Plessey, GEC in £1.2bn venture
      212 6 Reuter TWO BRITISH firms. Plessey Co PLC and General Electric Co PLC, plan to combine their worldwide telecommunications business to create a joint venture with annual sales topping £1.2 billion. They said detailed negotiations still lay ahead but they envisaged a 50-50 joint venture. The
      Reuter  -  212 words
    • Article
      Lock icon Murdoch denies bid for FT group
      107 6 AFP AUSTRALIAN press magnate Rupert Murdoch "has neither the desire nor the intention" to seek control of the group which owns the Financial Times newspaper, says a spokesman for Mr Murdoch in London. Rumours that Mr Murdoch might take control of the FT. one
      AFP  -  107 words
    • Article
      Lock icon Dow Jones makes strong gain
      951 6 New York Reuter WALL STREET stocks posted a strong sdvancs in active trading on Thursday, closing at the higheet level in a month. Semiconductors rose sharply. "We've seen an upeide explosion in these stocks and now everybody is jumping on the bandwagon." said Hlldegard Zagorski
      Reuter  -  951 words
    • Article
      Lock icon Share prices open slightly higher but volume remains light
      661 7 London Reuter THE FTSE 100 share index opened 8.1 points higher at 2,381.9 with the London market yesterday still being spurred ahead by the Wall Street advance, but dealers said the underlying trend was firm in spite of overseas influences. At
      Reuter  -  661 words
    • Article
      Untitled
      993 7 Amsterdam OCT 91 A8N PU 46 50 -03 aeoo 1.8 AhSd! 104 20 0.4 Akzo ***** ♦as AJranta 146.20 •0.2 AMEV 80.40 -0.2 82.80 •0.3 AM SM 121.80 unch 13 80 0.1 BOLS ISA 00 •1.8 Boraumi| 122.80 Buahrman TaBarodi 84 00 881 OJ -3 FoMw...'.'.'ZZZZ 88.20 88 5C -01
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    • Article
      Lock icon FBI arrests London broker
      79 7 Reuter FBI agents arrested London stockbroker Anthony Psrnes. who is accused of financial irregularities involving a takeover bid by brewery group Guinness PLC. Parnes was arrested on Thursday at Los Angelee International Airport as he arrived with his family on an Air France flight from Paris.
      Reuter  -  79 words
    • Article
      Turnover tops HK$5b
      1406 7 Hongkong SHARE PRICES closed generally lower in hectic and volatile trading on record turnover of HKSS.4I billion. After putting on a total of 378 points over the last 10 trading days, the Hang Seng Index loat 17.09 points to end the day at 3,932.04, after losing 53
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    • Article
      Seoul
      129 7 oct m MOM ChaM Sugar ***** 200 Daallm Ind ***** 1000 Daawoo Corp ***** ■10 Dmwoo HNVV Oalahln StcurltiM ***** ***** 250 500 Dong Ah Ptiar ***** unc* Dong Sufi Stock ***** 770 Dongbu Staal Qotd Star ***** ***** •100 -60 Hanll Bank ***** 400 Htnil Camant ***** uncfi
      129 words
    • Article
      Lock icon Tokyo
      458 7 Reuter SHARE PRICES closed higher on the Tokyo market yesterday in modest trade on bargain-hunting sparked by Thursday's rally on Wall Street and helped by a generally robust mood. The 225-ehare market index gained 140.71 points to dose at 25,882.45. On Thursday the average fell 289.14 to 25.721.74. Advances
      Reuter  -  458 words
    • Article
      Lock icon Sydney
      452 7 Reuter THE AUSTRALIAN share market closed sharply higher yesterday as buyers returned looking for bargains following large falls earlier this week. The All Ordinaries Index. which has fallen about 63 points this week, ctoeed 22.8 points higher at 2,241.3 and the All Industrials Index gained 40.8 points to 3,343.4.
      Reuter  -  452 words
    • Article
      Lock icon Bangkok
      147 7 Reuter THE SECURITIES Exchange of Thailand Index rose 7.18 points to 444.10 on a turnover of 7,043,367 shares worth 1,232.37 million baht. Reuter OCT BAKT Ao Kham Thai Ayudhya tniimwn Bangkok Agro-lnd Bangkok Bank— Bank Of Ayudhya.... Charoong Thai Win ACabla Paumat Dhana Slain Fin 220 1 4M 183
      Reuter  -  147 words
    • Article
      Taipei
      241 7 OCT MTt AH Sincar* Indua... 8 25 -03 Aaia Camant «r oo -4.5 Caftay Com 122 00 Chang H«n Bank.... Chang Loong moo 80 00 -20 ■4 Chia Ha*n Camant 74 00 -35 Chin Hain Flour .29 60 -1.5 China Cham 48 50 -1.5 China Dav 144.00 8 5
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    • Article
      Manila
      36 7 OCT POOi *h Acop Mining oe +oo» A0*t Con. 0 29 uncfc .."WTTMn 019 4-0.001 BcnfiM) Con 1i Fir* PNI HMg* LMIHOB 0. Mmrcooof 2 !C uncti )2S 4-0.28 SO until unch CT >"■ L «T-J
      36 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      993 6 'J I at 15 T > i -:'73r- -> SGffiia*!* OurspecialTha- cuisine is the talk Jr s P,n You can now hav^^ o fare at our efegan, S leS cious Theatre R<s^«°od. Braised Shark's f> Crabmeat, Spicy Combination aM many more. J\-' 5 Plus special Thai Desserts <'• i at
      993 words
    • Advertisement
      Page 6 Advertisements Column 2
      185 6 jpagjv p OrssaaJ The Belvedere's French buffet luncheon. An incredible selection of more than 60 authentic favourites, from now till October 30. It's as good as being in France! 12.00 to 2.30 pm daily. Adult: $31/ Child: $15 Prices subject to 10% service charge and 3% govt. tax. The management
      185 words
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      280 7 Sunday Brunch: A great family outing. ITs a wonderful way to combine a late breakfast with an earty lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast right through to pastries, puddings, fruit salad and cheese board Ail ready for
      280 words
    • Advertisement
      Page 7 Advertisements Column 2
      228 7 CANTON CARTCN ft 0 .nil 55 Pleasing, contemporary surroundings. With exquisite lunchtime dim sum and delicate Cantonese cuisine fit for an emperor. Closed on Mondays. 3rd Floor, Westin Plaza. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Plaza Raffles City 2 Stamford Road, Singapore 0617. Westin
      228 words
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  • LETTERS TO THE EDITOR
    • Article
      Making an ass of man
      493 8 CROCOOtLES mad* headlines recently In a story abeut India's own version of a clean rivers campaign. The debris that floats down the Ganges includes corpses, the bodies of Indians from families too poor to provide a decent cremation. The Indian government decided it was time
      493 words
    • Article, Illustration
      Concern over property valuation practices
      1659 8 Dear Sir Your report, dated Sep 7, on the pick-up in property prices and the recent spate of property acquisitions (eg, First Capital Corporation's buying over of Tung Centre, Robinson Centre and The Promenade building, among others) has rekindled my concern about an aspect in
      1,659 words
    • Article
      Gold options: dealers adopt different perspectives
      238 8 Dmt Sir We refer to your reply to "Puzzled" on the difference in gold option quotes (BT, Sep 26-27). We would like to share our views with your readers. Our experience in quoting OTC gold options over the last two years shows that prices
      238 words
    • Article
      'Financial Highlights' requirements misleading
      199 8 Dear Sir I refer to the article under the heading "Less privacy now for exempt private firms" (BT, Sep 21). I myself find the "Financial Highlights" requirements not only puzzling but totally misleading to everyone and unfair to the exempt private companies as illustrated in the
      199 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      100 8 BT mIcOMM Icttcft from raadm. Your lattare must indudo your signature, full nama, addrasa, and ti numbare, if any. You may xW 9 pseudonym, if you wish. Address vour lattari to* J spspp a IVI asp® Tho Editor, Businoss Timas, 390, Kim Sang Road, Singapore 0023. SONS AND PROFITS .*4
      100 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      738 8 CRYPTIC PUZZLE ACROSS 8 Bird box with a difference (7) 9 Gravely mistaken? (4,5) 13 To top it all, it's no longer legal tender! (5) 14 In between, pa got on to the decorator (5) 15 What made the animal come a purler in the meadow? (7) 16 On a
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    • Miscellaneous
      Page 8 Miscellaneous Column 2
      28 8 BnStO^FanJcDickfi2£ I'll Taxe. ft srreou. £oond the. sPCv^£Cf-Vll- F100r... se£- nou> tmg strikes a&pmn; CsTVie.fi HPvLF l.ivcs. s .3=, I r sU re ©Evening Standard Co ltd 1962-1997
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      177 9 "SALUTE our nation's soldiers", ran the headline in a recent BT advertisement. The advertiser "congratulates SAF personnel's contribution to our nation building". On Armed Forces Day, such a message might have been appropriate. But Armed Forces Day was three months ago and it is hard to
      177 words
    • Article
      Growing lust for adult comics
      278 9 IN JAPANESE popular literature, "Rapeman" always gets the girl but the tales ot lust and violence that fill the pages of the adult comics are anything but storybook romances. "Rape* man" Is one of the more controversial examples of a widespread cultural phenomenon unique to
      278 words
    • Article, Illustration
      A bargain you don't have to pay for
      881 9  -  *\tIAV^" With ASAD LATIF SOME people are born bad customers. Take myself. When you are purchasing something, modern commerce allows you to do certain things. If you are buying mee siam from the hawker you are seeing for the seventieth time, you
      881 words
    • Article, Illustration
      Lock icon I'll take Perth
      1362 9  -  By B J FERNANDES B J Ftnmndm b a mmnmg*. MONTHS after the event, the loss of the America's Cup hangs less heavily over the city of Perth in Western Australia. Though the memory lingers on, it gets hazier with each passing day. Reminders of what was
      Ptiolos by oourtNjf ol AuilraNtR Toyhd OnmlNloi  -  1,362 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Obese children: most parents to blame
        858 10  -  HEALTH By RICHARD SEAH FAT CHILDREN are once again in the limelight. Their numbers have been, uh, expanding and it seems that efforts to control their diet have not been very successful. The School Health Service is now switching tactics and trying to make
        858 words
      • Article, Illustration
        The artist who thinks walls are a-peeling
        593 11  -  ART By CHARELS SAVAGE OLD DECREPIT WALLS and peeling paint may take on a new faacination for you, at leaat after viewing John Lai's exhibition, Off 77m Wall. The show, at the Goethe-lnsti-tut, is a series of rather incredible photographic images of dilapidated
        593 words
      • Article, Illustration
        A tribute to Ritchie Valens
        615 11  -  CINEMA By JAIME LYE SOMETIMES, it's good to die young. Especially if you happen to be a rock star like Buddy Holly or Ritchie Valens. After all. it's when you die before the world has had its fill of you that you are turned into
        615 words
      • Article
        British comic to play uncle
        227 11 Ifl TERRY SCOTT, one of Britain's top funny men, is coming to Singapore this month to wreak comic havoc on dinner-theatre audiences at the Shangri-La Hotel. The play in question is Tike Mating Game, and Scott plays the worldly-wise uncle who arrives to complicate the
        227 words
      • Article
        BILLBOARD
        925 11 CINEMA: Tho Witchea of Eaatwlck starring Jack Nicholson. Cher, Susan Sarandon and Michelle Pfeiffer. Showing at Lido: 11; 1.30; 4; 6.45; 9.15 and Liberty: 1.30; 3.30; 7; 9. 77k# Kindred— starring David Allen Brooks, Amanda Pays, Talia Balsam and Kim Hunter, Rod Steiger. Showing at Cathay: 11; 1.30; 4;
        925 words
      • Article, Illustration
        Culture Shock still as electrifying
        706 11  -  MUSIC By BRIAN MILLER WHEN FRONTMAN Douglas Oliveiro decided to break ties with the group, the writing sure looked on the wall. Culture Shock or what was left of it appeared on the brink of extinction. Some said they were in a fix that they
        706 words
      • Article
        Where performing is a dining art
        518 11  -  FOOD By THE FOOD TEAM THERE ARE fancy dinners, and there are fancy dinners. But you don't know a really fancy dinner until you've been to one where the diners clap when each course is brought out. We've never applauded three little meatballs sitting
        518 words
      • Article, Illustration
        Full-length first for La Sylphide
        375 11  -  DANCE By LISA LEE LA SYLPHIDE, the first full-fledged ballet of the romantic period choreographed by August Bournonville, will have its first performance in Singapore with the San Francisco Ballet as main artistes. The ballet, not to be confused with Las Sylphides by Fokine will
        375 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        India scores 2-0 upset in Davis Cup
        362 12 TENNIS INOiA pulled off one of the major upsets of Davis Cup tannic on Ffjday when they cruahad Australia, the defending champions, and, took a stunning 2-0 lead at tha and of the first day's play of thaif semi-final claah at Whit® Stadium.
        362 words
      • Article
        Lock icon McNeil wins in New Orleans
        161 12 Reuter LORI McNEIL overcame a tough challenge from little-known fellow American Heather Ludloff 7-6 2-6 6-2 to reach the quarterfinala of the US$l5O,OOO New Orleans tennis tournsment on Thursday. Earlier, second-seeded American Zina Qarriaon. McNeil's best friend end doubles partner, reached the quarters with s
        Reuter  -  161 words
      • Article, Illustration
        Crocodile Open: Two with a point to prove
        432 12  -  WALTON MORAIS THE NEW ORDER of Singapore tennis will come under scrutiny beginning this weekend in the STC Crocodile Open hardcourt championships which will be played at the Singapore Tennis Centre. Following the end of Mahader Hassan's reign in the national chsmpionships
        432 words
      • Article
        Lock icon Mexican track flattened out for event
        435 12 MOTOR RACING Reuter TK ORGANISERS of this aprth's Mexican Formula One (M|nd Prix have flattened out the Mpips on the circuit which bOiight criticism from the driv--4m last year and caused at least qpj crash, race organisers said. ut Mexico City's thin air, at
        Reuter  -  435 words
      • Article
        Lock icon UK organisers want to hold Grand Prix at Brands Hatch
        189 12 AP THE GOVERNORS of the British Grsnd Prix said on Thursday they want to stage next year's Formula One race at Brands Hatch rather than the designated site at Silverstone. The Roysl Automobile Club, which oversees British Motorsports, said Brands
        AP  -  189 words
      • Article, Illustration
        Characteristics of take-out doubles
        833 12  -  BRIDGE By MIKE THUMBA A TAKE-OUT DOUBLE is a double over an opening bid on response in order to require your partners to bid his suit. After your partner has responded in his best suit, then your partnership is usually able to find the best suit
        833 words
      • Article
        Liems look set for a double with Smokey Shadow and Mill Trip
        588 12  -  RACING on TMCK with Brian Miller AFTER top-scoring at the last meeting on this course in August. the Liems of Agasam Stable look set for another bumper harvest and they could come away with a double at Bukit
        588 words
      • Article, Illustration
        Lock icon Australia and Japan take high road to victory
        495 12 GOLF AFP THE INFAMOUS St Andrews "road hole" in Scotland claimed two more victims on Thursday to prevent last year's Dunhill Cup finalists Australia and Japan from tumbling out of this year's competition at the first hurdle. Sweden's Mats Lanner and Malaysian
        AFP  -  495 words
      • Article
        Lock icon World Cup umpires criticise pocket television proposal
        263 12 CRICKET AP THE WORLD'S (••ding cricket umpires criticised the proposal to provide thorn with pocket televisions during the World Cup matches. Strong opposition from umpires has forced this ides to tak* a back seat at least lor this tournament Umpires from seven countries
        AP  -  263 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Rested and ready
        179 13  -  by Ramesh Chandiramani THERE are a handful of stocks that didn't suffer quite as much damage in the stock market correction these past two months, and are now poised to break out into new highs. One such counter is Malaysia Mining Corporation. Last featured on Jan 10
        179 words
      • Article
        The quality of profits matters too
        682 13  -  rn/inPßfm By LISA LEE ONE OF THE cardinal rules of investing is to examine the quality as well as the quantity of a company's earnings. By itself, a bottom-line profit figure only tells you how much income the company is reporting for the latest
        682 words
      • Article
        DBS Land is not a typical earnings play
        678 13  -  PROPERTY STOCK mm By RAMESH CHANDIRAMANI TALK to local stockbrokers, analysts and merchant bankers about the prospects and potential of DBS Land, and the one comment that is always made is that it will be expensive to stag using borrowed money. The
        678 words
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      16 9 Buying power Real buying power at your fingertips. Call 732 2244 for an application form today.
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      77 9 ■NHMMNHM The Hour Glass premier watch foutique 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. BHII?
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      2669 10 SIOIS TO WATCH Tracy, Blunt and Christopher Columbus Movies Broken Lanee features Spencer Tracy in a rivetting performance as a patriarchal .rancher who finds himself losing control of ►his cattle empire and his family, which is splitting up into warring factions. Tightly [written and sharply photographed. Broken iLsnce co-stars Robert
      2,669 words
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  • Page 13 Advertisements
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      1201 13 Vy Deutsche Bank (Asia) lZ] Aktiengesellschaft Ml 31 12 1985 n DM 1.000 Cosh in hand Bolances with the DtuNdw tundwbonk Bala new with ItxiiQn Ltnlrol Bonks Balances on postal giro accounts Cheques on other banks, matured bonds, interest and dividend coupons, and items received for collection Ms discounted including:
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Market rises on a broad front on heavier volume
      4098 14 AFTER a day of steady and broad price gains yester day. tha market closed firm, taking the Straits Timee Industrial Index up 17.52 points to close at 1,419 67. The BT Composite Index also rose 16.37 points to 1.267» Lower priced
      4,098 words
    • Article
      Chief price changes
      258 14 SINGAPORE Rites InQICvl Oct 1 OS 2 Mafra HMp 1360 40 •TCiapw, 1230-72 1267.09 Spar* Land 800 33 •T 0»/0S -47 *3 tirfn »pi *73 33 •TCA0I -6137 -6104 S 1 A 1470 30 •T lO-Pvy MA -6201 •*193 UN 1230 30 •TO«V ♦1399*13 ♦*****71 S P
      258 words
    • Article
      Business done on the SES
      3054 14 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word."SETT". Big
      3,054 words
    • Article
      COMPANY MEETINGS
      241 14 BERJAYA CORPORATION (MALAYSIA) Berhad: 18th AGM at Jalan Utas, Shah Alam, Industrial Estate, Shah Alam, Selangor on Thursday, Oct 15, at 9am. PAPER PRODUCTS (MALAYA) Berhad: 25th AGM at the Conference Room, 22nd Floor, Plaza See Hoy Chan, Jalan Raja Chulan, ***** Kuala Lumpur on Thursday, Oct 15,
      241 words
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      35 14 KL market report, Business don# onths KLBE, UnK Trusts and Saiadsd Indlcos tables on Page 15 TIME LIFE BOOKS A WINDOW TO A LIFETIME OF KNOWLEDGE FOR MORE DETAILS PLEASE CALL -STP Distributors Tel *****88
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  • COMPANY NEWS
    • Article
      Non-Malaysians own almost 23.5pc of MISC
      404 15 FOREIGN ownership in Malaysian International Shipping Corp (MISC) has risen to almost 23.5 per cent from 19.5 per cent three months ago. The foreign ownership ceiling is 30 per cent. MISC informed the Kuala Lumpur Stock Exchange (KLSE) on Thursday that as at Sep
      404 words
    • Article
      Lock icon Palmco posts heavy losses
      92 15 Bernama ES PALMCO HOLDINGS Bhd suffered a five-fold increase in losses to M 518.64 million for the year ended June 30, 1967, from M 53.65 million during the previous financial year. Turnover fell by 28 per cent to M 5327.13 million (M 5457.48 million) largely due
      Bernama ES  -  92 words
    • Article
      Lock icon Six former Conic staff sentenced to jail
      178 15 Reuter SIX FORMER executives of the i Conic Investment Co Ltd group < have been sentenced to jail for I one to four years for conspiring to defraud shareholders of the I China-backed company. Lawyers for some of the defendants said they would
      Reuter  -  178 words
    • Article
      Time Engineering proposes M$12.5m rights issue
      241 15 TIME ENGINEERING Bhd has proposed to raise M 512.56 million from a two-for-three rights issue priced at par $1 a share. The cash call did not come as a surprise as the company's managing director Eddie Chia Sen Hua had said in his recent
      241 words
    • Article, Illustration
      More opportunitiess for equity investors
      439 15  -  By NAJEEB JARHOM FOREIGN INVESTORS in the Singapore stock market can look forward to broader investment opportunities as more companies, including about 40 govern-ment-controlled companies, are listed in stages. Stock Exchange of Singapore executive chairman Tan Chok Kian told a seminar on "Singapore as a
      439 words
    • Article
      Lock icon Hume Industries sees 14.5pc fall in profit
      266 15 Bernama ES HUME INDUSTRIES (M) Bhd. a member of the Hong Leong group in Malaysia, recorded a 14.5 per cent drop in group pretax profit for the year ended June 30, 1967, to M 513.53 million from M 515.83 million a year earlier.
      Bernama ES  -  266 words
    • Article
      KL prices drift to close mixed
      3239 15 UNCERTAINTY continued to prevsil in the Kuala Lumpur stock market yesterday and shsre prices drifted to close mixed again. Losses were mostly marginal but scattered dou-ble-digit gains were posted. Trading remained thin as dabblers kept to the sidelines reluctant to make fresh commitments. No
      3,239 words
    • Article
      Lock icon Jardine Strategic denies plan tor share issue
      141 15 Reuter JARDINE STRATEGIC Holdings Ltd has denied newspaper speculation that it will finance its purchase of a 20 per cent stake in US broker Bear Stearns Companies Inc by equity issues. Director Peter Collins said the company still plans to finance the US$39l
      Reuter  -  141 words
    • Article
      LATEST RESULTS
      180 15 JACKS INTERNATIONAL Ltd: Pre-tax profit of $739,000 for the half-year ended July 31. 1987 compared with a pre-tax loss of $1.99 m previously. Turnover rose to $87 53m from $70.97 m during the previous corresponding period. The improved profit margins together with reduced overheads, and the disposal of
      180 words
    • Article
      Lock icon Khong Guan sells shares
      44 15 Bernama ES KHONG GUAN Holdings (M) Bhd has sold 646,000 ordinary shares of Msl each in its subsidiary Khong Guan Vegetable Oil Refinery Sdn Bhd. The shares were sold to Federal Oats Mills Sdp Bhd for M 5516.800 cash. Ber-
      Bernama ES  -  44 words
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      329 15 "TTTTTTTTT (Incorporated in Malaysia) mFkxx.ewtongWwkxwt, 124, Man Ktkng Lama.MOOO Kuala lunpur PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED JUNE 30. 1987 Preliminary Final Statement on consolidated results for the year ended June 30,1987 These figures are subject to audit. YEAR ENDED 30-06-87 YEAR ENDED 30-06-86 CHANGE Group Company Group
      329 words
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  • Article
    Singatronics gets 7,300 new shareholders
    416 16  -  Company pleased with strong institutional support By AMY BALAN SINGATRONICS' highly-success-ful public share offer haa netted it some 7,300 new shareholders. About half were amall investors who applied for 9,000 shares and below. But slightly more than half of the 17.5 million shares available for
    416 words
  • Article
    Lock icon Aquino confident communist rebellion will be quelled
    280 16 Reuter, AP PHILIPPINE President Corazon Aquino hit back at her enemies yesterday, saying she had crushed rightist coups and would quell the country's long-running communist insurgency. In a nationally televised broadcast, Mrs Aquino spoke of a "vision of a nation at peace with
    Reuter,; AP  -  280 words
  • Article
    Lim Seng Huat creditors meeting
    80 16 CREDITORS of Lim Seng Huat (8) Re Ltd, the first company to Come under judicial management, will be meeting for the first time at Peninsula Hotel on Oct 19 at 3pm. In a notice to creditors dated Sep 26, the judicial manager, Mr Lee Yoke
    80 words
  • Article
    Lock icon Australian curbs on foreigners unlikely to ease housing pressure
    438 16 Reuter TIGHTER CURBS on foreigners buying houses in Australia are unlikely to help young Australians whose dreams of home ownership have been shattered by spiralling prices, property agents say. Under rules tightened after an unprecedented rise in house prices in major
    Reuter  -  438 words
  • Article
    Lock icon Malaysia to pre-pay some external loans ahead off schedule
    320 16 Bernama ES MALAYSIA will pre-pay ahead of schedule some of its external loans to reduce the level of its debts and servicing costs, Bank Negara governor Tan Sri Jaffar Hussein said yesterday. He said this step reconfirmed Malaysia's resolve to meet
    Bernama ES  -  320 words
  • Article
    Lock icon Sabah High Court adjourns hearing
    138 16 Bernama THE HIGH COURT in Kota Kinabalu yesterday adjourned to Oct 14 the hearing of an application by two Filipinos for an injunction to stop the census-cum-registra-tion of illegal immigrants and refugees in the state. The injunction sought by Kenidi Sima and Hams Hailul, who
    Bernama  -  138 words
  • Article
    Lock icon Bankers say Fiji dollar may be devalued
    246 16 AFP AS FIJI'S constitutional crisis worsened, locsl and foreign bankers predicted yesterday that the Fijian dollar may be devalued by as much as 15 per cent following the country's second coup in 19 weeks. Four commercial banks said they expected a 15 per
    AFP  -  246 words
  • Article
    Lock icon TSB buying Hill Samuel for £777m
    390 16 Reuter TRUSTEE Savings Bank (TSB), formed 174 years ago as a philanthropic savings bank for poor Scots, is moving into high finance, in what analysts see as yet another example of radical change sweeping British financial markets. TSB, whose public flotation of its shares
    Reuter  -  390 words
  • Article
    Court 'yes' to wind-up of Associated Asian Securities
    285 16 THE HIGH Court yesterday grantad a petition by the Stock Exchange of Singapore to wind up Aaaociated Asian Securities (AAS), ruling that the stockbroking firm was clearly insolvent. SES had filed the petition to wind up the company early this year after
    285 words
  • Article
    Lock icon Comex gold and silver
    101 16 Reuter COMEX gold futures edged higher in slack trading early yeeterday with the market continuing to hold in a narrow range. December gold was up US$O.5O at U*****.20 an ounce after setting a high/low area of U*****.20 to U*****.00. In overnight dealings, gold was limited to
    Reuter  -  101 words
  • Article
    Lock icon Dow Jones higher
    81 16 AP THE NEW YORK stock market showed a small gain in early trading yeeterday, bidding to extend Thursday's strong advance. The Dow Jones Industrial Average edged up 1.30 to 2,640.50 in the first hour of trading. Gainers outnumbered loeers by more than four to three in the
    AP  -  81 words
  • LATE FILE
    • Article
      Lock icon Dissidents launch People's Front
      39 16 AFP DISSIDENTS expelled from Prim* Minister Rajiv Gandhi» ruling Congreea (I) party yastarday launchad a Paopla's Front which its laadar, Mr Pratap Singh, said would ba non-political in tha fight to toppla tha government. AFP
      AFP  -  39 words
    • Article
      Lock icon New US-Iran confrontation
      46 16 AFP IRAN and the United States are likely to have another direct confrontation in the Gulf sopn, Iranian Parliamentary Speaker Ali Akbar Hashemi Ralaanjani aaid yeaterday. Mi aaid Iran would prepare to deploy more forcea in the Gulf to face the US.— AFP
      AFP  -  46 words
    • Article
      Lock icon Foreigners invest more in Japan
      66 16 Reuter THE INTERNATIONAL investment tide changed direction* in August, with Japanese pumping less money into overseas stocks and bonds and foreigners investing more in Japan, the finance ministry said yesterday. The ministry's figures showed Japaneee bought only US$6.OB billion worth of overseas securities more than
      Reuter  -  66 words
    • Article
      Lock icon Japanese team for aid talk
      60 16 Bernama A 1 «-MEMBER Japaneee delegation is meeting Malaysian government officials on the US$2 billion Asean financial aid package announced by Japaneee Prime Minister Yssuhira Nakasone. The scheme is to promote direct Japanese investments in Asia by providing new and united private funds to finance
      Bernama  -  60 words
    • Article
      Lock icon Thais to buy more fighter-bombers
      48 16 AFP THAILANO will buy six more F-16 fighter-bombers and 40 M4B-A5 medium tanks from the US at a total cost of U*****.5 million, a Royal Thai Air Force spokesmsn said yesterday. This was the first official confirmation that the Cabinet had approved it.
      AFP  -  48 words
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