The Business Times, 14 November 1987

Microfilm: NL16022
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, November 14-15 1987 75 CENTS
    12 words
  • Article
    FINANCIAL NEWS SUMMARY
    165 1 Overseas markets Friday HK Hang Seng Index 2226.74 75.87 Tokyo Nikkei Average *****.25 901.75) Sydney All-Ordinaries 1275.4 70.6 Thursday New York (Dow Jones) 1960.21 61.01 London (FT 30 Index) 1328.8 38.8 (Friday noon: 1299.4; -29.4 Exchange rates US$: 135.90/136.00 yen 1.6890/1.6900DM S$2.0475/85 US$1.7650/60 M$ SS0.8172/79 Simex Euro-$
    165 words
  • Article
    Lock icon Chinese president arrives in Rome
    74 1 AFP CHINESE President Li Xiannian arrived in Rome yesterday from Paris for a three-day state visit to Italy following four days in France, where he was the first visiting Chinese head of state. Bilateral relations, the EastWest dialogue and its consequences for Asia and the
    AFP  -  74 words
  • Article
    Hongkong Bank to acquire 14.9 pc stake in London's Midland Bank
    498 1  -  By ALVIN TAY Banking Correspondent HONGKONGBANK has agreed to acquire a 14.9 per cent stake in UK's Midland Bank PLC for an estimated £383 million (551.38 billion), a move that may have some implications on how the two banks
    498 words
  • Article, Illustration
    Crash clouds local tourist industry, says STPB chairman
    551 1  -  By LIM SOON NEO THE BLACK MONDAY (Oct 19) stock market crash has cast a shadow over the medium- and long-term future of tourist arrivals in Singapore, said the Singapore tourist board chief last night at the Fourth Singapore Tourism Industry Ball.
    551 words
  • Article, Illustration
    Bullish news sends markets higher
    413 1  -  RALLY SEEN AS A GENUINE REBOUND By LISA LEE IT MAY HAVE BEEN Friday the 13th, but major stockmarkets were moving up around the globe in what some dealers said could be the start of a genuine rally out of the recent bloodbath. The smaller-than-expected
    413 words
  • Article
    US dollar firms following improved trade results
    341 1 SPURRED BY BULLISH NEWS of the latest US trade figures, the US dollar yesterday scored more gains in the forex markets of Singapore and other financial centres. For the third consecutive day, the US greenback rebounded against the Singapore dollar and major currencies,
    341 words
  • Article
    Lock icon Dow Jones lower
    83 1 Reuter THE US stock market turned mixed yesterday in the midmorning, the way it opened, after a brief gain by blue chips that turned the market higher. Brokers said investors were nervous about snags in talks between Congress and the White House over a budget deficit-cut plan.
    Reuter  -  83 words
  • Article
    Lock icon London shares slide
    75 1 AP SHARE prices on the London market fell in quiet trading yesterday, pressured by profit-taking and some disappointing British economic news. The Financial Times-Stock Exchange 100-share index was down 42.2 points to 1,660 3 at 1300 GMT. Volume was 391.8 million shares, up from 386.1 million shares
    AP  -  75 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      271 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM rasa PLANS ARE IN THE PIPELINE to privatise the Design and Development Centre set op by the Singapore Institute of Standards and Industrial Research just seven months ago. HOME NEWS, Page 2 BUGIS STREET, the once popular night spot which put Singapore on the
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      Page 1 Advertisements Column 2
      318 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM 'sWLF&.&'W r m Making faces Page 9 Personal Trivia Life is a four-letter word Page 10 The best things in life are free Page 10 Weekend TV TV programmes for today and tomorrow Page 10 Slats to (Match Jacobi, Stanwyck and Horowitz Page 10
      318 words
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  • HOME NEWS
    • Article
      PSA's value-added per worker rose 15pc last year
      466 2  -  By MARTIN SOONG FEWER WORKERS handling more general cargo and containers at the Port of Singapore Authority (PSA) last year resulted in a 15 per cent rise in value-added per worker. PSA executive director Ng Kiat Chong, speaking at the authority's productivity
      466 words
    • Article, Illustration
      Watch out for the new Bugis St in 1989
      368 2  -  By LIM SOON NEO 'BUGlS STREET, the once popunight spot which put Singa'pore on the tourist map, will be vfecreated in 1989, the Singa*pore Tourist Promotion Board 'ebief announced last night. Mr Lim Chin Beng, the 'STPB chairman, said at the
      368 words
    • Article
      Good response to SBS, Tibs bus services to MRT stations
      361 2 TAKING PASSENGERS on a bus trip to ride the Mass Rapid Transit trains did prove fruitful for the two major bus companies during the weekend. Singapore Bus Service (SBS) reported an increase in its daily collection on feeder services for
      361 words
    • Article
      Sisir's design centre to go private
      342 2  -  By GENEVIEVE CUA PLANS ARE in the pipeline to privatise the Design and Development Centre set up by the Singapore Institute of Standards and Industrial Research just seven months ago. The centre will become a private concern once it becomes commercially viable. This could
      342 words
    • Article, Illustration
      Welcome for Princess Anne
      98 2 FLOWERS from Yuhua MP Mrs YuFoo Yee Shoon served as a royal welcome for Princess Anne who arrived in Singapore yesterday afternoon for a four-day official visit. Also on hand to greet the Princess Royal were British High Commissioner to Singapore Sir Michael Edmund Pike and
      98 words
    • Article
      S'pore-Canadian venture to supply $1 Om baggage handling system
      269 2 A SINGAPORE-CANADIAN joint venture. Jurong Engineering Ltd UTDC Ltd Inc. has bagged a $9.8 million contract to provide a computerised baggage transfer system at Changi Airport. The official signing of the contract, awarded by the Public Works Department, will be held
      269 words
    • Article
      CIDB registry sets new requirement
      193 2 IN LINE with the Construction Industry Development Board s (CIDB) objective to upgrade the level of expertise in the industry, the CIDB Registry of Public Sector Contractors now requires any firm applying for registration to employ a certain level of trained personnel resources. Mr Chow
      193 words
    • Article
      SHIPS IN PORT
      1166 2 AT CONVENTIONAL WHARVES Pulou Jowa J3 alongside 14 II 2300 Rodo Perkoso JI0 II alongside 14 II 0600 Vessel Berth Arrival Departure Sari Samudro Jl olongside 1411 1200 KEPPEL WHARVES Seki Koch. J5 6 alongside 14 11 0600 Bud Utamo J2 14 II 0700 16 II 2300
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    • Article
      'Global depression inevitable'
      330 2  -  International Herald Tribune Centennial Conference By PAUL GOPAL THE WORLD will experience "a global depression" of substantial duration and depth but it fs unlikely to be of the same magnitude as the 1930s Great Depression This was the conclusion drawn by the director-general of Malaysia s Institute
      330 words
    • Article
      Call to improve Soviet-Asean ties
      142 2 A SOVIET ACADEMIC yesterday suggested that the Soviet Union and Asean should formalise some arrangements to improve trade and economic ties Speaking at the International Herald Tribune Centennial Conference, Dr Gennady Chufnn of Moscow s Institute of Oriental Studies said the Soviet Union and its
      142 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      72 2 fj£ (iol(k»n PluHMii.v Sichuan Rratatiranf Sichuan Vegetarian Fare -by Now, an exquisite 8-course Sichuan vegetarian least at thr Golden Phoenix. Also available as a la cartr dishes. Vegetarian Food Promotion for Nov. Dec. at the Hotel Restaurant. Golden Phoenix Sichuan Restaurant Hotel Equatorial. Tel: *****31. Level 4, World Trade Centre.
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      Page 2 Advertisements Column 2
      174 2 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 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      78 2 V//H Singapore OUTLOOK: Fair. Report for 24 hours prior to 7.30pm on Nov 13 at the airport: Mai temp 31.1 Assoc humidity 23.1 Min temp 23.1 Assoc humidity 96 Hrs of sunshine 4.85 Rainfall in mm 5.9 Rainfall this mth... 127.5 Rainy days this mth... 10 Moscow Nassau New Delhi
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  • OVERSEAS
    • Article
      Lock icon Malaysia, US to sign bilateral copyright agreement
      171 3 OANA-Bernama MALAYSIA and the United States are expected to sign a bilateral agreement on copyright that would provide the necessary protection of original works under their respective laws. An official from the United States Trade Representative's (USTR) Office said yesterday the agreement would
      OANA-Bernama  -  171 words
    • Article
      Lock icon American trade deficit decreasing, says Japanese official
      260 3 Reuter THE US trade deficit has peaked and is now on a declining trend, Japanese Vice-Finance Minister for International Affairs Toyoo Gyohten told a seminar in Tokyo yesterday. But he said the world has a long way to go before it can correct
      Reuter  -  260 words
    • Article
      Lock icon Australian leading index rose in August
      106 3 Reuter A STRONG RISE in an economic index compiled by Westpac Banking Corp and the Melbourne Institute of Applied Economic and Social Research suggests the momentum this year may be enough to maintain Australia's economic growth despite the stockmarket downturn, Westpac chief economist Bob
      Reuter  -  106 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      914 3 ARRIVALS Operator Service Local From number time OA OA471 0015 ATH SIA SQ11 0145 LAX/NRT UA UA805 0120 SFO/HKG MAS MH619 0125 KUL CAl CI333 0405 TPE SIA SQ41 0615 AAAA MK MK746 0725 MRU MAS MH601 0730 KUL MAS MH681 0820 KUL SIA SQ417 0835 JED/BOM
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    • Article
      Lock icon US budget talks hit snag
      426 3 NYT THE US BUDGET negotiations, earlier reported to be near completion. hit a snag on Thursday, and Democrats accused the White House of changing its demands at the last minute. The talks resumed yesterday, but participants said hopes for an agreement this week had faded.
      NYT  -  426 words
    • Article
      Lock icon Growth estimate might be lowered: Sprinkel
      176 3 Reuter THE REAGAN administration may lower its forecast of US real gross national product growth in 1988 by one percentage point to 2.5 per cent. White House economic adviser Beryl Sprinkel said in an interview published yesterday. Mr Sprinkel, chairman of the President's Council
      Reuter  -  176 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      60 3 fI V \l Jll Ifl 1£ The business person's choice, every I I II I II I Tuesday, Thursday, Saturday and II Mm 1 II I 1 I Sunday. Leaving Changi Airport at I X 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call your
      60 words
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      Page 3 Advertisements Column 2
      146 3 M t: t: 4 I MRfet KM a? n V.sm w wm *c w I L K_ m m m j 11 :M1 Piaget Dancer. Hand crafted in 18k solid gold and water resistant to 30 meters. PiageT LA COTE-AUX-FEES ET GENEVE Chez les plus grands joaillierc du monde PIAGET
      146 words
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  • WORLD MARKETS
    • Article
      Lock icon HK stepping up check on brokers
      244 4 AP THE ADMINISTRATIVE head of the Hongkong Stock Exchange satd yesterday that damage to brokers from last month's share price collapse was mitigated by fortunate timing "The collapse couldn't have come at a better time We ve had a bull year, most member firms
      AP  -  244 words
    • Article
      Lock icon BP, Shell report higher profits
      119 4 Reuter OIL GIANTS British Petroleum Co PLC and Royal Dutch/Shell group reported higher third quarter profits yesterday, but said the outlook for oil prices was uncertain and hinged on producers matching supply with demand BP. Britain's biggest company in terms of profits and sales, said
      Reuter  -  119 words
    • Article
      Lock icon Dow's biggest gain in two weeks
      1002 4 New York Reuter WALL STREET closed with its strongest gam in two weeks on Thursday, encouraged by an improved trade deficit and belief that an agreement to reduce the Federal budget deficit is imminent. A stronger dollar and gains in overseas equity markets also
      Reuter  -  1,002 words
    • Article
      Lock icon Share prices open weaker in moderate trading
      786 5 London Reuter EQUITIES on the London market gave up an early attempt to advance first thing yesterday morning and opened predominantly weaker as investors decided to take profits on Thursday's gains. At 0923 GMT the FTSE 100 index had pared its early decline
      Reuter  -  786 words
    • Article
      Untitled
      1240 5 Amsterdam NOV 12 FLS ABN 41 90 38 Aegon 59 00 -38 Ahold 75 00 -82 Akzo 97 00 *95 Alrenta 146 60 unch AMEV 44 20 -37 Amro Bank 62 80 -3 1 Ass Stad 95 00 -32 Berkel BOLS ***** 10 5 Borsumii 80 00 -35 Buehrman Ten
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    • Article
      Pared gains for stocks
      1613 5 Hongkong SHARE PRICES in Hongkong closed sharply higher yesterday but with pared gains as light prof-it-taking emerged towards the close. The Hang Seng Index closed 75.87 points higher at 2,226.74 after rising 110 points in mid-morning. The Hong Kong Index rose 51.87 to 1,444.27. Turnover was
      1,613 words
    • Article
      Seoul
      132 5 NOV 11 WON Kal ***** 300 Kangwon Ind 9790 -10 Cheil Sugar Kia Motor ***** -200 ***** -1010 Kolon Ind ***** -500 Daelim ind ***** -1000 Korea Long Term ***** -1000 Daewoo Corp ***** 390 Lucky Ltd ***** 100 Daewoo Heavy ***** -470 Oriental Brewery ***** -3400 Daishin Securities
      132 words
    • Article
      Lock icon Tokyo
      477 5 Reuter SHARE PRICES closed 4.2 per cent higher on the Tokyo market yesterday as a smaller-than-expec-ted US trade deficit, steady dollar and surging Wall Street market delighted investors, brokers said. In point terms, the rise was the third biggest oneday climb ever. But the Nikkei index ends an extremely
      Reuter  -  477 words
    • Article
      Lock icon Sydney
      438 5 Reuter THE AUSTRALIAN share market forged ahead to close sharply higher yesterday, in a repeat of Thursday s performance and following gains on foreign markets, brokers said. At the close, the All Ordinaries Index was 70.6 points higher at 1,275.4. The All Industrials Index rose 97.1 points to 1,973.6,
      Reuter  -  438 words
    • Article
      Lock icon Bangkok
      156 5 Reuter THE SECURITIES Exchange of Thailand Index rose 3.47 points to 313.81 on a turnover of 4.627,137 shares worth 488 14 million baht Reutert NOV 13 BAHT Ao Kham Thai Ayudhya Investment 87 Bangkok Agro-lnd 1 Bangkok Bank 327 -10 Bank OfAvudhva 338 *10 Charoong Thai Wire Cable Oatamat
      Reuter  -  156 words
    • Article
      Taipei
      297 5 Kolin 31 80 ♦0 9 NOV 13 NT Kuochan Dev Lee Chang Yuen 40 10 -12 All Sincere Indus 2 91 unch Chem Indus 36 60 ♦01 Asia Cement 64 50 ♦1.5 Lien Hwa Indus Cathay Cons Chang Hwa Bank Cheng Loong Chia Hsin Cement 62 SO 166 00
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    • Article
      Manila
      97 5 NOV 13 PESOS Marsteei Oriental B 0 0750 ♦0 0025 AcO|e Mining Phil Overseas 0 0525 unch Anglo Phil 0 02? unch Phiie« B 044 0 02 Ape* Mining B Atlas Con B 0 045 -0 001 Picop B PLOT 24 SO unch 142 *3 Baguio Gold San Miguel
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      1003 4 'J! H S If T m I > 'W- m* THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet txrftet luncheon at an ungourme* price' For starters take your p«ck of our cold dishes prawns on ce fresh oysters smoked salmon melon and dried ham. vegetable terrine mixed seafood
      1,003 words
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      Page 4 Advertisements Column 2
      133 4 '4 at The Belvedere The Belvedere's Scandinavian buffet luncheon. An incredible selection of more than 60 authentic favourites from Denmark, Sweden and Norway. November 5 to 30. 12.00 to 2.30 pm daily. Adult: $31 +/Child: $15+ V\ manjgnnent reserves the '(J/7~ //T/jP J right to change the programme. Sf/> fl<ntr
      133 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      232 5 r v> w y w«' Sf i y, at tlie Casual Club Celebrate your hrthdcy... Friendly. Familiar. Fun At the Casual Club, for SlO per person, you ei\|oy a great birthday package that includes:- Complimentary first drink for all guests A complimentary bottle of champagne for parties of 10 persons
      232 words
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      Page 5 Advertisements Column 2
      176 5 II I I III! Cj\NTON GARDEN m tm A Free tim sum basket. Over 50 varieties of tim sum to choose from. And a basket of har kow is on us when you bring this coupon with you for lunch*. Valid till 20th Nov '87. Reservations: 338 8585 •Limited to
      176 words
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  • COMMODITIES
    • Article
      Lock icon Rubber
      228 6 Reuter SINGAPORE The market closed higher yesterday with December 1 RSS buyers quoted at 211.50 cents a kilo, up $1.50 cents from Thursday's close. On the TSR-20 market, trading was very quiet all day but prices were marked up in line with the RSS market. Oecember TSR-20 closed two
      Reuter  -  228 words
    • Article
      RAS and MRELB
      268 6 RAS prices In S CMMg, FOB In bate NOON CLOSE Buyor* SeHen Bvyors S#M#rs Int 1 RSS Prompt 212.00 213.00N 212.00 213.00N bit 1 RSS Doc 87 211.50 212.00 211 JO 212.50 Int 1 RSS Jon 88 210.25 ***** 210.00 210 JO bit 2 RSS OP 210.50
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    • Article
      SSR and SMR
      80 6 (canti/kg, 1-ton poUcfi) DECEMBER 87 JANUARY 88 (currant month) (forward month) RAS NOON NOON Bwyart S*ll*n Stiitfi SSR 30 210.50 212.50 210 JO 212.50 SSB SO 209.00 211.00 209.00 211.00 MRELB b|rtn Sstlan Bvy*n Ml*. SMB CV 264.50 266.50N 265.50 267.SON SMB I 264.50 266.SON 265.50 267.50N
      80 words
    • Article
      KL Tin
      71 6 The Kuala Lumpur Tin Market price fell nine cents yesterday from Thursday's close to M 517.45 a kg, reversing the recent uptrend. Only light local and European interest was noted. Turnover dropped sharply to 52 tonnes from Thursday's 167, and there was no foreign metal detected. a KL
      71 words
    • Article
      Produce Prices
      259 6 Chinese Produce Exchange Sellers' noon closing prices on Nov 13 (SS/100 kg) Coconut oil Bulk FOB 93.00 Old drum FOB 103.00 New drum FOB 107.00 Copra Mixed (loose) S3 sellers Pepper Muntok white FOB NLW 1307.50 Sarawak white FOB faq NLW 1292.50 Sarawak speciol block FOB NLW 930.00
      259 words
    • Article
      Palm Oil
      449 6 Crude palm oil future* closed slightly higher yesterday in active trading on the Kuala Lumpur Commodity Exchange. Dealers said continued short-covering pushed up prices. They added that the market undertone was strong in view of the lower October CPO production. Spot month December rose $9 to $812 per
      449 words
    • Article
      Precious Metals
      366 6 HONGKONG: Gold closed steady yesterday in fairly quiet and dull trading in the absence of fresh factors, dealers said. They said light buying interest re-emerged after the announcement that the September US trade deficit fell further than expected to US$l4.OB billion from $15.7 billion in August. But the
      366 words
    • Article
      Oil and Products
      61 6 MOST PRODUCTS in the Far East petroleum products market reflected a weaker trend. US$/borr«< Otongo Dubai (Ok] 16 JO -4-0.02 Wm Unas WD (Dad 18 93 und> Products (FOB S'pore) USS/barrot Otong* r..un«n« 23.85 0.30 GowM 21.30 und. Low Sutphwr Wotoitduo. LSWI 17.25 -0.10 US$/*amo Chang* NapMho*
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    • Article
      Lock icon Pakistan in tea deals
      52 6 Reuter PAKISTAN had concluded agreements to buy tea from Bangladesh. Sri Lanka and Kenya, and was considering another with Indonesia. Trade Minster Mahbubul Haq said on Thursday. He said the deals had been negotiated under Pakistan's new policy ot linking its tea imports to exports of
      Reuter  -  52 words
    • Article
      Lock icon Soybean
      146 6 Reuter CBT SOYBEAN futures rallied sharply at the close on Thursday on rumours the Soviet Union may have bought US soybeans and soymeal. traders said. Prices closed on or near session highs from up 8-1/4 to six cents per bushel. January settled eight cents higher at $5.61-1/2, breaking the
      Reuter  -  146 words
    • Article
      Lock icon Wheat
      181 6 Reuter CBT WHEAT futures closed Thursday with trimmed gains and prices were 1-1/4 cent higher to unchanged per bushel December was 1-1/4 cents higher at $2.90. Traders said gains were trimmed by mixed late selling ahead of the CCC's weekly wheat auction. Better than expected Soviet bidding of SB6
      Reuter  -  181 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      706 6 CHEERSI A couple of years ago, we used to run a regular column about wine and spirits. A little gossip. Suggestions about what to serve. Cocktail ideas. That sort of thing. Like our drinks, it went down well. And like our drinks, we thought, let's have another one. Some felt
      706 words
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  • BANKING AND FINANCE
    • Article
      Forex markets
      1522 7 SINGAPORE: The US dollar lost some of its early gains in late afternoon trading yesterday but still closed slightly higher than New York levels, dealers said. It finished at 135.90/136.00 yen against 135.80/90 in New York. They said some posi-tion-squaring in the afternoon caused the dollar to fall
      1,522 words
    • Article
      Comex gold/silver futures
      119 7 Gold futures on Nov 12 100 troy ounces: USS per troy ounce Op*n High Low s«ro« No. 465 00 463.00 463.00 463.50 1.60 Ok 463.80 465.50 462.50 464.70 1.60 ion 467.30 1.60 F.b 88 470.00 471.00 468.30 470.60 1.70 Apr 475.40 476.70 473.50 476.20 1.70 iun 481.70
      119 words
    • Article
      Governement securities market
      86 7 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****N 11.2.88 3.74 3.69 3.67 3.67 6 months BS*****S 21.4.88 3.73 3.68 3.69 3.67 1 year BY*****S 22.09.88 3.74 3.69 3.74 3.69 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      86 words
    • Article, Illustration
      World interest rates
      197 7 Indicates the average of the prime lending rates ot 12 major banks in S'pore Interbank market rates (offer/bid) on Nov 13 us$ DM SWFC Yen 7 day* 6 13/16 11/16 9 1/4 9 3 3/4 J/8 2 1/8 2 3 3/4 J/8 1 iwh 6 7/g 3/4
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    • Article
      S'pore Mint made sole agent for numismatic coins
      164 7 THE BOARD of Commissioners ot Currency. Singapore (BCCS) has appointed Singapore Mint Pte Ltd as the sole sales agent (or its numismatic coins It has also chosen the Singapore Mint to be the exclusive marketing agent and distributor of Singapore bullion coins,
      164 words
    • Article
      Lock icon UAP plan put off
      32 7 FT THE FRENCH government has delayed the privatisation of Union des Assurances de Paris (UAP). the country's largest insurance group, until at least after the new year. FT
      FT  -  32 words
    • Article
      Crash expected to spark debate on regulation
      403 7  -  By SOH TIANG KENG Financial Correspondent A PROMINENT BANKER and a leading accountant have voiced concern over the repercussions of the stock market crash on the increasingly globalised and deregulated financial markets. Mr Wong Nang Jang, chairman of the Association of Banks in
      403 words
    • Article
      Lock icon Eurobonds face severe test — OECD
      473 7 Eurobonds face severe test OECD IHT THE LARGEST SEGMENT of the international capital market. Eurobonds. has experienced a loss of liquidity and investor confidence this year that jeopardises its future, the Organisation for Economic Cooperation and Development says in a report on Thursday The gloomy assessment, appearing in the OECD
      IHT  -  473 words
    • Article
      Asian $ market
      280 7 Asian market ASIAN dollar deposits closed yesterday little changed from opening levels in quiet pre-weekend trading. They said most operators were sidelined in the afternoon due to lack of interest. with the market still awaiting the outcome of the US budget deficit talks between the White House and Congressional negotiators.
      280 words
    • Article
      Money markets
      66 7 THE overnight rate on the Singapore interbank market was unchanged at 3V4 per cent yesterday. The onemonth term rate fell 1/16 point while the two and three-month rates were down by a uniform 1/8 point. S$ Interbank rates at 7pm yesterday: OH* SID Or#*night 3 1/2 3 1
      66 words
    • Article
      Lock icon Jakarta has no plans to reschedule its foreign debt
      334 7 AFP THE INDONESIAN government had no plans to reschedule its U5534.6 billion foreign debt. Bank Indonesia governor Arifin Siregas was quoted as saying yesterday The statement came amid fears in Jakarta this week that the plunge in the dollar exchange rate
      AFP  -  334 words
    • Article
      Simex/IMM
      601 7 DECEMBER Eurodollar opened slightly lower yesterday at 92.50 on concern over the progress of the budget deficit reduction negotiations. After trading to a high of 92.51, the December contract backed off to 92.44 before closing eight ticks lower at 92.44 in quiet trading. December US T-bonds ended the day
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    • Article
      Options
      558 7 INTEREST RATES OPTIONS Friday, Nov. amber 13, 1987 EURODOLLAR (SIMEX) 1 Mftl tec (7 cam Lev 1 Sea Dec «7 puis Hloh Lev Sea 09 SO 299A 295 9000 249* 245 9050 198 198 198 9100 149A 145 9125 I24A 120 1A 1 9150 100A 96 2 9175 77A
      558 words
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  • LETTERS TO THE EDITOR
    • Article
      In memory of the yuppie
      533 8 AFTER WHAT HAPPENED to the stock markets of the world last month, what will happen to the memory of the supreme creation of the market charts, the international yuppie, who once looked down on the whole world from the gleaming top of a greasy pole?
      533 words
    • Article
      Why Lum Chang withdrew rights issue
      1012 8  -  LIM JIT POH Executive Director For A on Behalf of The Board of Directors Lum Chang Holdings Limited Dear Sir I refer to the letter entitled "Issues concerning Lum Chang's deferment of rights issue'" from "Concerned Minority Shareholder" (BT. Nov 7, 1987). It is
      1,012 words
    • Article
      The name's B M Ortega
      198 8 Dear Sir Fearing that there may be an S M Ortega (who could be related to Daniel Ortega of Nicaragua) and he/she may resent his/her name being hijacked as the author of the socially and politically insignificant capitalistic poem published at the end of the
      198 words
    • Article, Illustration
      More Singaporeans opting for further studies in UK
      963 8  -  TOM WALSH Education Counsellor Tho British Council Dear Sir An article in BT, 29.9.87, gave a rather misleading impression that the number of Singaporeans studying for UK degrees has fallen in preference to the USA. due. it was claimed, to economic reasons.
      963 words
    • Article, Illustration
      Lock icon City bright, city to fall in love with at first sight
      395 8 LIGHT UP SINGAPORE Dear Sir Some weeks ago. I was on my way home around 10pm on board an •'SO'' plane on an international flight The plane made a circle over the city before landing at Changi Airport To
      LIGHT UP SINGAPORE  -  395 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      45 8 OT Mtlcomei letter* from readers. Your letter* must include your signature, full name, address, and home V and office telephone numbers, if any. You may add a pseudonym, if you wish. Addreaa your letters to: The Editor. Business Times, 390, Kim Seng Road, Singapore 0923.
      45 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      773 8 "iKOCiHJINSKiIB ®ati>Q9RS3CDIjSD CRYPTIC PUZZLE ACROSS 8 On the goH course, it's quite a distance (7) 9 Afraid of being shot at? (6. 3) 13 On the other hand, it does show a profit (5) 14 Retreat from the person greeting one (5) 15 Is it true about the fellow and
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      240 9 LAWYERS in the US are perhaps too well known for their resourcefulness. At least one, in Miami, hopes to profit from the recent stock market crash. He thinks investors may be entitled to recover some of their losses if "your broker closed you out without requesting
      240 words
    • Article
      A child by any other name...
      286 9 TRENDS IN THE MONTHS preceding a child's birth, first names always kept parents awake at night, mulling over their mellifluous qualities, debating whose relative deserved a namesake. Last names were a given: like father, like child. But as more married women decide to retain
      286 words
    • Article, Illustration
      Life is a four-letter word
      730 9  -  With JAIME LYE SOME WRITERS love to rationalise. Sensationalise. Over-gener-alise. They take silly little non-events in life that no one would really care about under normal circumstances events that either personally embarrass them or nag at their conscience and given first chance, they write about
      730 words
    • Article, Illustration
      Making faces
      1763 9  -  By MONICA QWEE THIS IS A STORY about an alter* native movement that gathered loyalists throughout the world in a short space of time. It is about one quirky, forceful businesswoman and her partners who were determined to get their own way in a woman's world run almost
      1,763 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        The best things in life are free
        711 10  -  HEALTH By RICHARD SEAH "THESE health stuffs are real expensive." a colleague complained recently. He had read about royal jelly {No Monkey Business column, BT, Oct 30) and found out that a bottle of 30 capsules would cost him close to $60 or
        711 words
      • Article, Illustration
        What A Life! What a band!
        475 11  -  NIGHTSPOTS By BRIAN MILLER THERE ARE a couple of good reasons why you should pop over to Celebrities. And if you ask me to name one, then it has to be Jean Ashurst. The leggy blond bombshell fronts the group What A Life! and
        475 words
      • SHORT TAKES
        • Article, Illustration
          Fun in a seedy rooming house
          179 11 TAKE FIVE people. Four college students and the landlord of a seedy rooming house fondly called "The Banana Box" because that's what the tenants feel like in it bananas in a box. And you end up with what promises to be a night of
          179 words
        • Article
          Exhibition by self-taught artist
          156 11 SELF-TAUGHT artist TC Koh's inspiration and communication with nature have been translated into 34 paintings that promise to fill the Alliance Francaise with an air of serenity and simplicity. Mr Koh considers his work as abstract, with a touch of surrealism to it. "Some people even
          156 words
        • Article
          Time-sharing resort in Tioman
          140 11 IF YOU'RE TIRED of having only one hotel to stay in at Pulau Tioman, the completion of the new Park Inn International Tioman might be something worth waiting for. To be completed in 1989, this development joins the growing number of time-sharing resorts that have sprung
          140 words
      • Article, Illustration
        Analysis without tears
        588 11  -  CINEMA By JAIME LYE THE WORLD according to Woody Allen is like this: basically, it's full of sick people Neurotic people. Horny people. Frustrated people. Stoned-out-of-their-skulls people. Unhappy people. And then, you have those wonderfully sane and well-ad-justed people who just have to come in and upset
        588 words
      • Article
        BILLBOARD
        723 11 CINEMA: The Mosquito Coast starring Harrison Ford. Showing at Lido: 11; 1.30; 4; 6.45; 9.15. Willy Mllly starring Paul Schneider and Eric Curry. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Hannah And Her Sisters starring Michael Caine. Mia Farrow. Dianne Wiest and Barbara Hershey. Showing at Jade: 11;
        723 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Muru, Kian Kee up against the odds
        427 12  -  GOLF By WALTON MORAIS SINGAPORE'S World Cup-bound pair M Murugiah and Lim Kian Kee struggled to stay in contention as Thailand's Bounchu Ruangkhit hung on to his lead entering today's final round of the M 550.000 Maruman Classic being played at the Saujana
        427 words
      • Article
        Lock icon Piquet's toughest season ever
        407 12 Aussie briefs UPI NEWLY-CROWNED world motor racing champion Nelson Piquet says the current season has been the toughest ever for him. The 35-year-old Brazilian says he has had difficulty sleeping and suffers a lack of concentration since a 320kmph crash in the second round of the
        UPI  -  407 words
      • Article
        Monthey looks ripe for victory in last event
        603 12  -  on TMCK with Brian Millei STILL WITHOUT a win but never further than fourth in his last four starts, trainer Charles Read's Monthey stands out as the one they will all have to beat when he lines up with 13 others to
        603 words
      • Article
        Lock icon Canadian group to vie for America's Cup
        391 12 YACHTING UPI A CANADIAN SYNDICATE has announced plans to compete for the 1991 America's Cup with one eye towards returning funds for investors and the other on "blowing away the Americans". Michael Cornelissen. chairman of the Force 12 North syndicate, said in Toronto
        UPI  -  391 words
      • Article
        Last countdown for boxing in British schools
        182 12 BOXING BOXING, once as much a part of a British schoolboy's life as striped ties and homework in Latin, is about to be counted out of the scholastic ring. When 30 students at Clifton College in Bristol completed a "boxing display" yesterday (Friday).
        182 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        'Put your money in bonds maturing in 4 or 5 years'
        882 13  -  INVESTMENT Where should investors put their money now? The global stock market has made equities unpalatable to many individual investors who've been losing a lot of sleep lately. At the same time, many globally-oriented folks are getting edgy about
        882 words
      • Article
        Severe recession unlikely, says analyst
        367 13 STOCK MARKETS THERE IS now considerable concern that the global stock market crash will lead to a sharp deceleration in consumer spending. That raises fears that a severe recession lies in store for the world economy next year. While no one can establish just how
        367 words
      • Article, Illustration
        Lock icon Indications of higher prices ahead
        491 13  -  by Ramesh Chandiramani LAST WEEK'S column drew attention to the prospect that the local stock market was about to challenge its late October low. I said: "What we're seeing now is a market that is testing itself, trying to scare itself back down again. It
        Source: Chartamatic  -  491 words
      • Article, Illustration
        The bear market has ended, proclaims Fuller Money
        1252 13  -  EQUITIES By RAMESH CHANDIRAMANI ABOUT the only thing that has gone up since the big Crash of 1987 a couple of weeks ago is the level of investor anxiety. With confidence ebbing to a record low, investors are voicing doubts about whether
        1,252 words
      • Article
        Lock icon Award-winning stuff at auction
        882 13  -  ART By TONY THORNCROFT FT FIRST there was a gasp Then a buzz And finally came the round of applause Like a first-night audience the packed saleroom at Sotheby's in New York on Wednesday night treated the sale of Van Gogh s Irises for a record
        FT  -  882 words
  • Page 9 Advertisements
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      17 9 FOR THE CARD THAT COULD BE FREE WHEN YOU RENEW IT, CALL 532 3577 CHASE CLASSIC VISA
      17 words
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      Page 9 Advertisements Column 2
      222 9 Timeless values. These two exquisite watches, in the shape of peaches, are called «For China The craftsmen of Geneva were renowned for their mastery of enamel and these watches are a triumph of their art. By their efforts the subtle gradations of colour found in the skin of the fruit
      222 words
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      330 10 I i■■■ s' :-"c £r&*L*Z* «i R Mil ii R/l M m mk i j MsNV 5720 IM'NM 5705 ft v f hS iSI It's been 26 days since Black Monday. And the entire Singapore stock market has lost more than 40% of its value. "The bull is dead," says
      330 words
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      51 11 COLD BEER, HOUSE WINE, SPIRITS, COCKTAILS ESPRESSO, CAPPUCCINNO, SPECIALITY COFFEES, BBQ'D MARINATED RIBS N CHICKEN SPECIALITY KEBABS PASTAS SNACKS UNUSUAL SALADS JACKET POTATOES CASSEROLES SOUP DESSERTS All with homemade sauces and dressings. It's what you want to e^t. 11am-Midnight (Fri-Sat lam) at the waterfall 81-35, Forum Galleria, Orchard Road. Tel:
      51 words
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      Page 11 Advertisements Column 2
      143 11 1* I m I V 1 (i^V .•r-r. t -API2/L '67 d&rf- d**£>n rnuASij fca/rpo^y n/ I 1 L/- rp- Yn* ZkcislJ iw/f £c£n -4hf -+&vK rrlTr "/VV Zhyh* 6J o I/PUA/ U&kj t/r hj&v\Gc y* f f Z" <»-~c £X^/ J$- r \^> f h,.t -*!<? n r ?1
      143 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      58 11 uoonesDury PHIL? TM HAVING trouble vrm some OFYOUR PEMANPS, I fWUKULARVi THE i SATELLITE FEEP! UTTHXJTA FULL TELECOMMUNI CAHONS CAMB/LTTY, I CANT COMPETE IN THIS MARKET! A LOT OF INMATE PORTFOLIOS TM MANAGING UJILL GO RIGHT POCUN THE TOILET! SS? 1 m BY GARRY TRUDEAU a HOW ABOUT MINE I,
      58 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      2593 12 Jacobi, Stanwyck and Horowitz The Elizabeth Taylor Festival continues with The Last Time I Saw Paris, an updated version of the F Scott Fitzgerald story about love and breaking up, set in Paris after World War 11. Van Johnson and Walter Pidgeon co-star in this glossy feature, dressed up further
      2,593 words
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      506 13 INSIGHTS, INFORMATION, ALTERNATIVES, APPROACHES, ANSWERS... TO HELP YOU LIVE HAPPIER, RICHER, WISER, FULLER! No endeawour in lrfr is rvrr entirely separate from fHychology. the scientific study oi behaviour and menial pnmoH Whether vou rr a manager busi newsperson administrator executive or Wg protessional Irving lo market a product improve the
      506 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Shares reach for higher ground on US trade news
      4656 14 SHARE PRICES on the Singapore stock market rose across a broad front for the second day running with blue chips starting to recover from the heavy losses incurred in previous sessions. Double-digit gains were the order of the day for better
      4,656 words
    • Article
      Chief price changes
      255 14 Rises t> S 925 Motro Hldgi J95 S 1 A 935 S'H 685 Corotoot i 0« 414 Ming Court 322 Por*»oy H 50c 182 Not Iron 466 H loong Crodit 203 Out 350 Traramorco 258 Oriomot Htdgi 165 Tat Lm Bonk 300 C 376 Awimo 20* 318
      255 words
    • Article
      Business done on the SES
      4286 14 BID and offer prices officially listed and business in and reported to the Stock Exchange at Singapore yesterday with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acmo HUB I 15 SI (71
      4,286 words
    • Article
      COMPANY MEETINGS
      137 14 SOUTH MALAYSIA INDUSTRIES Berhad: 16th AGM at Bilik Sri Banang. Mezzanine Floor. Holiday Inn. Jalan Dato Sulaiman. Century Garden. ***** Johore Bahru. Johore on Thursday. Nov 19. at 11am HUME INDUSTRIES (MALAYSIA) Berhad: 28th AGM at the Conference Room. 14th Floor. Bangunan Hong Leong. 117 Jalan Bandar. *****
      137 words
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  • COMPANY NEWS
    • Article
      Lock icon Nik Din explains why Promet was allowed to be re-listed on KLSE
      314 15 MBT PROMET BHD was allowed to be re-listed on the Kuala Lumpur Stock Exchange to give everyone an equal chance to trade the shares, said KLSE chairman Nik Mohamed Din bin Datuk Nik Yusoff. KLSE's decision therefore eliminated
      MBT  -  314 words
    • Article
      Lock icon Waiver exposes HK stocks to takeovers
      282 15 Reuter A MOVE by Hongkong's stock regulators to halt the plunge in share prices has left some firms temporarily vulnerable to predators, and stock analysts said Hongkong Land Co Ltd is a prime takeover target. Regulators last month waived a rule that discouraged hostile
      Reuter  -  282 words
    • Article
      Selected indices
      126 15 HONGKONG Hongkong Index Friday 1444 27 Thursday 1392 40 Week ago 1367 03 Hang Seng Index Friday 2226 74 Thursday 2150 87 Week ago *****7 All Industrials Friday Thursday Week ago NEW YORK Dow Jones Thursday Wednesday Week ago ***** 1876 5 1929 1 1960 21 1899 20
      126 words
    • Article
      Unit trusts
      330 15 Managers' prices for Nov 14 16 Singapore Unit Trust DBS Bank Shenton Gr Fund* 071 Japan Gr Fund* 1 29 Shenton Thrift Fund* 0 78 0 75 1 34 0 78 The CoT"T»erce 087 095 The Sovngs Fund 0 76 083 S pore Prog Fund 035 040 S
      330 words
    • Article
      Hotel Properties next in line to revise rights terms
      609 15  -  By LISA LEE HOTEL PROPERTIES Ltd will be next in line to announce a revision of its $140-million rights issue to ensure that its terms will remain attractive to company shareholders. With its share price now hovering at around 70 cents,
      609 words
    • Article
      Lock icon KLSE back to trading on ready basis
      449 15 MBT TRADING on the Kuala Lumpur Stock Exchange, which was placed on an immediate delivery basis recently, will be back on the normal ready basis from Monday. Disclosing this in a circular to stockbrokers yesterday, the KLSE said that delivery and settlement would
      MBT  -  449 words
    • Article
      FCC now a 79pc-owned subsidiary of UIC
      228 15 THE RESPONSE from First Capital Corporation's shareholders to United Industrial Corporation's unconditional offer has been better than expected, giving UIC now a 78.84 per cent stake UIC will not take up any more FCC shares after the offer period, which closed on Thursday.
      228 words
    • Article
      KL prices rise for second consecutive day
      3437 15 THE KUALA LUMPUR stock market continued its upswing for the second consecutive session with prices finishing off-best as market operators emerged near the close of trading to pare early gains. The continued bargain-hunting pushed the New Straits Times Industrial Ordinary Share Index to
      3,437 words
    • Article
      OCBC expects crash to hit group earnings slightly
      172 15 EARNINGS of the OverseaChinese Banking Corp group this year may be affected by the stockmarket crash, but the impact is not expected to be significant This was disclosed in a prospectus to shareholders in relation to the group s generous one-for-10 rights
      172 words
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      10 15 M onagers ust anage BT shows you how every Monday.
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      624 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF TAI TONG HANG PTE LTD (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of TAI TONG HANG PTE LTD duly held and convened at 29. Lorong 32. Geylang. Singapore
      624 words
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      492 15 IN THE MATTER OF THE COMPANIES ACT, Cap. 50 AND IN THE MATTER OF MERABELLO INVESTMENTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE is hereby given, in pursuance of Section 306 of the Companies Act, Cap. 50. that the FINAL GENERAL MEETING of the members of the above-named
      492 words
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  • Article, Illustration
    Property heavyweights vie for Adelphi complex
    453 16  -  By LEE HAN SHIH Properly Correspondent THE TENDER for tlfe nearly-com-pleted Adelphi complex at Coleman Street !as drawn unexpectedly strong support from local property heavyweights. At the close of the tender on Thursday, the vendor had received a number of bids, some said to
    453 words
  • Article
    Lock icon Japan to return Corot paintings to France
    133 16 Reuter JAPAN plans to return four pictures by the French 19th-century painter Corot. stolen in France three years ago and recently recovered in Japan, a police official said in Tokyo yesterday. He told a parliamentary committee that four of five Corot masterpieces, stolen
    Reuter  -  133 words
  • Article
    Official — CPF rate to be cut to 3.19 pc
    230 16 Official CPF rate to be cut to 3.19 pc THE Central Provident Fund interest rate will be cut by 0.12 percentage point to 3.19 per cent from next January, confirming a BT report earlier this month. Yesterday, the Labour and National Development ministries jointly announced the revision of the current
    230 words
  • Article
    Lock icon Major bank predicting stronger economic growth for Japan
    484 16 Reuter A MAJOR Japanese bank is predicting stronger economic growth in Japan during the next two years even if the Tokyo stock market remains at current depressed levels throughout 1988 An economist with the Industrial Bank of Japan (IBJ) said Japan's gross
    Reuter  -  484 words
  • Article
    Judgment reserved for Lin's precedent-setting case
    330 16 JUOGMENT was reserved yesterday by the High Court on a precedent-set-ting case which tests the validity of pledging shares as collateral to banks without the shares actually leaving stockbrokers' hands. A five-day hearing held to resolve the unprecedented legal complications thrown up by this
    330 words
  • Article
    Maurice Baker, Koh Beng Seng awarded service medals
    174 16 A DIPLOMAT and a central banker were presented with The Meritorious Service Medal last night by President Wee Kim Wee at the Singapore Conference Hall. Mr Maurice Baker, Singapore's High Commissioner to Malaysia, received the award for his diplomatic service while Mr
    174 words
  • Article
    Lock icon 'Tokyo aid must take into account yen rise'
    271 16 Reuter SOUTH-EAST Asian nations have asked Japan to take into account a rising yen when providing loans under the terms of a US$2 billion aid package Haruhiko Shibuya. dep-uty-director general of Asian affairs in Japan's Foreign Ministry, told reporters in Kuala Lumpur
    Reuter  -  271 words
  • Article
    Lock icon Canadian aid for Philippines
    61 16 AFP CANADIAN and Filipino officials yesterday signed agreements in Manila providing for Cs3o million (US$23 million) in commodity grants and the rescheduling of an agricultural loan. Foreign Secretary Raul Manglapus and Canadian Ambassador to Manila Russel Davidson signed three agreements at the Foreign Affairs Department, one
    AFP  -  61 words
  • Article
    Lock icon China acts on money supply
    121 16 UPI THE CHINESE government has tightened credit and money supply controls in a bid to slow China's economy and dampen inflation spurred by its free-market reform programme, an official newspaper reported yesterday. The stricter controls were imposed by the People's Bank of China, the central
    UPI  -  121 words
  • Article
    Full check of AIA Building
    74 16 THE PROPERTY manager of the American International Assurance Building has been told by the government to engage a professional engineer to conduct a thorough check of the office block. The order by the Development and Building Control division of the National Development Ministry follows Monday
    74 words
  • Article
    US companies here go for capital-intensive investments
    443 16  -  By BOEY KIT YIN AMERICAN companies operating in Singapore are turning to more capital-intensive investments to overcome tight labour shortage and a lack of skilled technicians and managers, according to a US Embassy survey. This was backed by a significant finding of the
    443 words
  • Article
    Lock icon Comex gold and silver
    90 16 Reuter GOLD FUTURES gave back moderate gains in early trading yesterday following an unexpected dip of 0.2 per cent in US producer prices in October. December gold retreated to U*****.70 an ounce from a high of U*****.0. Analysts said the dollar's firmness on the surprise slide
    Reuter  -  90 words
  • LATE FILE
    • Article
      Lock icon Takeshita invited to visit Beijing
      33 16 Reuter PREMIER Zhao Ziyang has invited his new Japanese counterpart to visit China next year. He said political and economic problems between the two countries were unresolved. Reuter
      Reuter  -  33 words
    • Article
      Lock icon HK police to be expanded
      27 16 Reuter HONGKONG'S police force is to be expanded as Britain's troops there are wound down before the colony's handover to China. Reuter
      Reuter  -  27 words
    • Article
      Lock icon Appeal against jail for slander
      30 16 AFP FORMER Thai Deputy Interior Minister Veera Musikapong appealed to the Supreme Court to overturn a six-year jail sentence for slandering the Royal family. AFP
      AFP  -  30 words
    • Article
      Lock icon 'RAAF pullout will not hurt KL'
      34 16 Bernama THE ROYAL Australian Air Force mirage fighter squadron pullout from the Butterworth airbase next year will not affect Malaysian airspace defence, the Dewan Rakyat heard yesterday. Bernama
      Bernama  -  34 words
    • Article
      Lock icon Chinese view on US bases sought
      31 16 AFP CHINA should state its position on the future of the US military bases in the Philippines, Philippine Foreign Secretary Raul Manglapus said yesterday. AFP
      AFP  -  31 words
    • Article
      Lock icon Paris, Bonn in joint policy plan
      27 16 AFP FRANCE and West Germany have agreed to set up a Cab-inet-level joint committee to coordinate their economic and monetary policies.
      AFP  -  27 words
    • Article
      Lock icon Financiers will back Eurotunnel
      27 16 Reuter UK FINANCIAL institutions have agreed to back part of a bid to raise £750 million in the stock markets by Eurotunnel. Reuter
      Reuter  -  27 words
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      89 16 R)lo V f S. Sfc r. r* t ft'o> 4 >< J Boutiques: *01-02. The Promenade. 300 Orchard Road. Singapore 0923 Tel: *****06. #02-04. Wisma Atria, 435 Orchard Road. Singapore 0923 Tel *****13 Corners: Level 2. Tokyu Dept Store (Singapore). Manna Square Singapore 0103 Tel *****77 Level 1 Halley s
      89 words