The Business Times, 19 December 1987

Microfilm: NL16037
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, December 19-20, 1987 75 CENTS
    12 words
  • Article
    FINANCIAL NEWS SUMMARY
    152 1 Overseas markets Friday HK Hang Seng Index 2180.46 38.23 Tokyo Nikkei Average 22,826.97 (-72.86 Sydnoy All-Ordinaries 1240.5 (-10.2 Thuodoy Now York (Dow Jones) 1924.40 (-50.07 London (FT 30 Indox) 1366.6 (+17.7 Exchange ratas US$: 126.30/40 yon 1.6200/10 DM SS2.0000/10 US$1.8355/65 M$> SS0.8022/29 Slmax Euro-S (Mar) 92.13 (-4
    152 words
  • Article, Illustration
    S'pore and Hongkong markets close higher
    225 1 AN OVERNIGHT FALL in Wall Street and a softer dollar depressed sentiment in major Asian markets but Singapore and Hongkong managed to bounce back from the day's lows to close higher. The Dow Jones Industrial Average tumbled 50.07 points to 1,924.40 on Thursday on
    225 words
  • Article
    US currency firms against Sing dollar
    486 1  -  Dealers suspect heavy MAS intervention By SOH TIANG KENG Financial Correspondent THE US DOLLAR recovered slightly against the Singapore currency yesterday, closing at 552.0005 after finishing below the psychological level of Ss2 during the previous two days. Many dealers attributed the greenback's rally to
    486 words
  • Article
    Lock icon A fall of the dollar to 100 yen is needed to correct US deficit, says professor
    398 1 Reuter THE ONLY WAY to correct the massive US current account deficit is for the dollar to decline to at least 100 yen over the next three or four years, said Martin Feldstein, Harvard
    Reuter  -  398 words
  • Article
    Dow Jones higher
    34 1 WALL STREET stocks were higher early yesterday despite expectations of hesitation. The Dow 30 index was up seven at 1931 and gaining issues led decliners by over two-to-one. Trading was active.
    34 words
  • Article
    UK shares down
    36 1 UK SHARES lost some ground in mid-session yesterday. At 1200 GMT, the Financial Times industrial share index was 12.8 points down at 1353.8 and the Footsie 100-share index was off 16.8 at 1689.4.
    36 words
  • Article
    Lock icon Roh offers to hold talks with political opponents
    387 1 AFP Reuter SOUTH KOREAN President-elect Roh Tae-Woo yesterday offered to hold talks with his political opponents as police clashed with demonstrators in several parts of the country. Despite the tense situation caused by the opposition charges of vote-rigging, the South Korean share
    AFP; Reuter  -  387 words
  • Article
    Lock icon Malaysia frees eight more ISA detainees
    228 1 Bernama AFP EIGHT OF THE 62 people still held under the Malaysian Internal Security Act following a nationwide security sweep launched on Oct 27 were released unconditionally yesterday. Among them are Aliran president Chandra Muzaffar (who was detained in Penang on Oct 27), PAS
    Bernama; AFP  -  228 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      343 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Full local report, Ptg* 16 World marfcato, Pago 9 Win ten super prizes CHRISTMAS-TIME is Cross-word-time for BT readers. Yes, we will again be having our giant crossword specially compiled with the festive season in mind. But the clues are pretty easy and will
      343 words
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      Page 1 Advertisements Column 2
      151 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC v r^JL WA y N you think wine's dry sutofact... Page 11 Giving 'nestlings' that helpful nudge Page 11 Take a break or end up broken Page 12 Ford's new sleighs for the season Page 12 TV programmes for today and tomorrow Paga 12 Ms
      151 words
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  • HOME NEWS
    • Article
      Precision engineering firms record 10pc output growth
      387 2  -  By BOEY KIT YIN MANUFACTURERS in the precision engineering industry recorded an output of $485 million during the period from April 1986 to March 1987. According to an Economic Development Board (EDB) sectoral' report, released yesterday, this was a 10.2 per cent growth
      387 words
    • Article
      Hoxan setting up first overseas plant here
      256 2  -  By LONG SHIH ROME A JAPANESE MANUFACTURER of photovoltaic products has set up its first subsidiary here to assemble solar lanterns. Hoxan Industries (S) Pte Ltd, the first overseas manufacturing arm of Hoxan Industries Co Ltd of Japan, plans to invest $20 million
      256 words
    • Article
      Ministry conducts employment survey
      127 2 A SURVEY on employment and unemployment will be conducted by the Labour Ministry during the rest of this month and into the middle of next month. Findings from the survey will be used to help the ministry evaluate and formulate its plans and policies on employment.
      127 words
    • Article
      STPB forms joint exhibition company
      232 2 THE SINGAPORE Tourist Promotion Board, together with six travel-related companies, yesterday launched an exhibition company which will stage cultural and historical exhibitions of genuine artifacts from China. It will hold the exhibitions at the Empress Place Building, now being renovated. A five-year series of exhibitions
      232 words
    • Article, Illustration
      Double joy from a hole-in-one
      309 2 THAT WONDERFUL FEELING of sinking a hole-in-one was shared by two parties yesterday an amateur golfer and a charity organisation. Mr Douglas Beaton, a 16handicapper. donated his hole-in-one prize a Mitsubishi Galant 1600 GLS to the Community Chest. Mr Beaton, 56. sank a hole-in-one during
      309 words
    • Article
      Teh commission presents report
      150 2 THE Commission of Inquiry into the Teh Cheang Wan affair presented its report to President Wee Kim Wee yesterday. It waa in August that the three-man commission began a public hearing concerning the late Mr Teh, the former Minister for National Development. The three-day public hearing
      150 words
    • Article
      Corrections and clarifications
      77 2 IN A REPORT on Dec 16 headlined "Professionals show concern over new tender rules", it was stated that 90 per cent of the work of architects in the private sector comes from the the government currently. It should have read: "In terms of volume, about 90 per
      77 words
  • Article
    SHIPS IN PORT
    960 2 AT CONVENTIONAL WHARVES Fengyon Megoh Seroya JI2 Jl alongside olongside 1912/2300 1912/0600 Aolia Seraya J1 1912/0530 21 12/2300 VMMI Bar* Arrival Departure Abadi iaya Jl 1912/0700 2012/2300 KEPPEL WHARVES Dwi Doyo il I912AH00 2012/2300 ton Del into 121 JI0 1912*1730 1912/2300 Doryunshon alongside 2512/2300 Francesco Nullo J7/8
    960 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      181 2 100 LUCKfCTJSTOMERS TO WIN j$ 30, Wrtk ovory $20 partitas* at any To*Han Starts except TmWi Met cmlmmn it entitled to a chance to win S3OO Yaohan Vouchors. A total of 100 lacfcy custom*rs «3 win 530.000 Taohan Gift Vowdwrs. Ml-, 61 <u. I O. -< I 0 'v V.
      181 words
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  • OVERSEAS
    • Article
      Lock icon Manila Senate votes to set up debt commission
      336 3 Reuter THE PHILIPPINE SENATE voted by 23 to 15 on Thursday to approve the creation of a national debt commission that will seek to fashion debt policy, recommend negotiators and hold quarterly reviews of the debt situation. The move followed the Senate's
      Reuter  -  336 words
    • Article
      Lock icon Call for Latin debtors' club
      317 3 Reuter LATIN AMERICAN legislators say they have sown the seed of a future "debtors' club" for the joint negotiation of the region's debt of nearly US$4OO billion. The Latin American Parliamentary Assembly for the Foreign Debt, in a document issued on Wednesday, urged the need
      Reuter  -  317 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      817 3 ARRIVALS Opfotof Sorvico Local From number tinw CPA C3C710 1015 CGK tlA BI421 1100 BWN GU GA960 1100 CGK SJA SQ105 1105 KlU SU SQ201 1145 CGK SA SQ238 1155 MES THAI TG403 1155 BKK SU SQ191 1155 PfN MAS MH682 1230 KCH GU GA940 1235 MES
      817 words
    • Article
      Lock icon EC out to clinch USSR grain deal
      353 3 Reuter THE CASH-PINCHED European Community has agreed to spend more than US$23O million to win a big cut-price grain deal with the Soviet Union. Trade sources in Brussels said on Thursday that the deal marked the latest move in the community's battle with
      Reuter  -  353 words
    • Article
      Lock icon Indonesian textile traders fail to meet target
      194 3 AFP INDONESIAN textile traders failed to meet their 1987 export target of US$l billion to US$l.25 billion due to shipment, domestic quota, distribution and international trade problems after the stock market crash. But Mr Frans Seda, chairman of the Textile Association, said on
      AFP  -  194 words
    • Article
      Lock icon Turkey to prolong 1987 budget
      203 3 Reuter THE NEW Turkish government plans to continue to apply conditions of the calendar 1987 budget through the first tour months of 1988 and introduce a new budget by end-April, Prime Minister Turgut Ozal said. Mr Ozal. re-elected last month for a five-year term, also
      Reuter  -  203 words
    • Article
      Lock icon US steps up trade pressure on Asia's 'little dragons'
      492 3 Agencies THE US is stepping up pressure on South Korea and Asia's other "little dragons" to take steps to help cut their growing trade surpluses with the US. Officials in Washington said yesterday that the duty-free status granted the four "little
      Agencies  -  492 words
    • Article
      Lock icon Italy's trade gap set to widen
      79 3 AFP ITALY'S trade deficit this year is expected to surge to about 11,500 billion lire against a 3,700 billion total last year. Foreign Trade Minister Renato Ruggiero said it has been a difficult year for foreign trade. Latest figures from the national statistics office,
      AFP  -  79 words
    • Article
      Lock icon Ministers prepare sanctions against Seoul
      168 3 Reuter THE EUROPEAN Community said on Thursday it was preparing to impose trade sanctions on South Korea in an attempt to compel it to give European firms better legal protection for their patents. A spokeswoman said EC ministers meeting yesterday were expected to respond to
      Reuter  -  168 words
    • Article
      Lock icon EC welcomes Swedish plans to scrap trade barriers
      196 3 Reuter THE EUROPEAN Community said on Thursday it welcomed Swedish plans to abolish all trade barriers with the EC and seek entry to the free internal market planned by 1992. A spokeswoman for the EC's executive commission said it welcomed Sweden's approach,
      Reuter  -  196 words
    • Article
      Lock icon Gatt delegates back 1988 mid-term review
      195 3 Reuter TRADE DELEGATES are in support of holding a ministerial meeting in Canada in 1968 to review progress midway through the Uruguay Round negotiations to liberalise world trade, said Gatt spokesman David Woods in Geneva on Thursday. Canada's trade ambassador John Weekes formally offered
      Reuter  -  195 words
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  • MONEY AND EXCHANGE
    • Article
      Government securities market
      84 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OfFtR HIGH LOW 3 months BQ*****X 17.3.88 3.30 3.25 3.27 3.19 6 months BS*****S 21.4.88 3.30 3.25 3.24 3.00 1 year BY*****T 24.11.88 2.45 2.40 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      84 words
    • Article, Illustration
      World interest rates
      186 4 Indicates tht ivtrigt of uif prime lenoing riiH of 12 ma|or banks In S'pora Interbank market rates (offer/bid) on Dec 18 us$ DM SWFC Y«n 7 day* 13/16— 11/16 8 3/8 1/4 3 1/16 3 15/16 1/J— 1/4 4 9/16 7/16 1 M*> 8 3/8 1/4 8
      186 words
    • Article
      Forex markets
      1010 4 SINGAPORE: The US dollar yesterday recovered in thin late trading to close firmer compared with New York levels. The dollar met selling pressure at mid-morning to touch record lows of 125.55 yen and 1.6145 marks following Japanese Finance Minister Kiichi Miyazawa's remark that there was no plan to
      1,010 words
    • Article
      Money markets
      59 4 THE OVERNIGHT rate on the Singapore interbank market fell 314 points to close at !4 per cent yesterday. The term rates fell point across the board. S$ Interbank rates at 7pm yesterday: orm mo rtgM 1/4 i/e 1-month 3 1/2 3 3/8 2-mon* 3 1/2 3 3/8 3-monMi
      59 words
    • Article
      Lock icon Simex/IMM
      535 4 BA Futures EURODOLLAR futures opened slightly lower in Simex yesterday from the previous close as the US dollar touched a new record post-war low in the Far East time zone. March Eurodollar dipped to the low of 92.09 after opening at 92.11, but recovered to the intraday's high of
      BA Futures  -  535 words
    • Article
      Comex gold/silver futures
      139 4 Gold futures on Dec 17 100 troy ounces. USS per troy ounce Opafl Htgh Low torn* Dac 485 00 485 50 475.00 485 10 -0.20 ion 486.40 -0.40 f«b 88 490.00 ***** 475.00 489.70 -0.40 *♦>» 495.50 496.50 4*0.00 495.80 -0.60 Jwn 502.00 502.00 486.00 ***** •0.70
      139 words
    • Article
      Asian $ market
      179 4 Asian market Interbank cteposl It rates US$ OFfW WD 7 days 6 7/8 6 3/4 1 mm nil 8 3/8 8 1/4 2 muxtw 8 1/8 8 3 nimiihi 8 1/8 8 6 mo»H»i 8 1/8 8 9 momtw 8 3/16 8 1/16 12 iiwiN 8 1/4 8 1/8 S
      179 words
    • Article
      Options
      1739 4 CURRENCY FUTURES OPTIONS Friday, December IS 1987 DEUTSCHE MARK (SMtfEX) Jen M cm Jan 88 puts High Lev tea Htgh Leer Sea 56 CAS 57 535 CAB 435 j 59 334 4 60 2438 236 14A 12 6> '606 ISC 30A 29 62 94 62A 61 63 51A 47
      1,739 words
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      Page 4 Advertisements Column 1
      189 4 lld&lIM* V l&M&M :]TT irra» 111 IJKiI r? V M \9 rr/ .r-4'M i wh 5* I I I I;H H mi 7 t :if A®ITKEA/?S£KE BALLROOM Set Dinner Dance $70 per person with festive entertainment by mobile disco. Time: 7.00 pm 3.00 am 7-Course Set Dinner $100 per person.
      189 words
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  • BANKING AND FINANCE
    • Article
      Lock icon UK institutions cool to Bank of Boston write-offs
      364 5 Reuter MAJOR UK BANKS, struggling to cope with problem Third World loans, are unlikely to follow the US-based Bank of Boston in writing off part of their debt, but are expected to make some increases in provisions when reporting their 1987 results
      Reuter  -  364 words
    • Article
      Lock icon Moody's irks two Japanese trust banks
      238 5 Reuter SUMITOMO TRUST and Banking Co Ltd and Mitsui Trust and Banking Co Ltd were annoyed by a decision on Wednesday by Moody's Investors Service Inc to downgrade their debt ratings, officials at the banks said. They said they were particularly frustrated with the
      Reuter  -  238 words
    • Article
      Lock icon China's central bank grapples with its role
      454 5 Reuter TJ*E "PEOPLE* Bank of China is-struggling to play its proper roltf'as a central b'anß' in an economy plagued by low efficiency, too much planning and the lack of a bankruptcy law. In a wide-ranging interview. deputy secretary general Ren Junyin said the
      Reuter  -  454 words
    • Article
      Lock icon Clerks at Bank of France go on bill hunt
      437 5 Reuter THOUSANDS of Frenchbank clerks hunted through piles of dirty bills looking for notes still crisp enough to work in automatic cash dispensers on the 17th day of the Bank of France strike on Thursday. "French banknotes are very thin, so
      Reuter  -  437 words
    • Article
      South Korean corporation borrows US$25m
      186 5 DAEWOO CORPORATION, the flagship of one of the largest business groups in South Korea, signed a US$25 million syndicated loan on Thursday. The interest rate on the oneyear facility, which matures on Dec 16 next year, is priced at 3/8 of a percentage point over
      186 words
    • Article
      Born — life agents' diploma
      441 5  - Born life agents' diploma By SOH TIANG KENG Financial Correspondent INSURANCE COMMISSIONER Law Song Keng yesterday launched Singapore's first insurance diploma programme a move intended to instil greater professionalism among life agents. In a ceremony at Hyatt Hotel, Mr Law said the diploma course, to be run by the Singapore
      441 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      488 5 GOOD Wait no more. Because with the Acer LP-75, you get a laser printer that meets and even surpasses the standards set by the industry leaders. Consider the LP7s's memory 1.5 MB standard. Which means you print an A 4 page of high resolution i type, halftones and "THIL" sophisticated
      488 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      172 5 wmsn //S'Z Mix/ Note Min (°C) 26/15 Haze 12/10 Cloudy 18/09 Cloudy 22/17 Cloor 29/19 Clear —/23 Cloudy 05-04 Cloudy 21/16 Sunny 02-02 Cloudy 07/02 Rain 21/18 Cloudy 14/10 Rain 29/21 Cloudy 12/05 Cloudy 30/19 Rain 21/11 Cloor 08-16 Cloudy 33/15 Fin* 27/17 Cloudy 00-03 Cloudy 03/02 Cloudy 28/26 Show*rs
      172 words
    • Miscellaneous
      Page 5 Miscellaneous Column 2
      59 5 Doonesbury CM 10U STAND IT, I MEAN, HOW MMYFOKMEK FRJ&JPS* THE HOUSe SURFERS CAN MAKE THAT CLAIM? OF LORPS SUMMOMN3 ENGLISH-SPEAKING MBFORWTY* WORLP GREAJ OR UJHAT* BY GARRY TRUDEAU ONE OF MY COLLEAGUES, THE PUKE OFPUNTS-ON-THAMES, EVEN SENT ME MY REGALIA! TALK ABOUT THE REP CARPET TREATMENT. SPEAKING TM ITSVOU,
      59 words
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  • COMMODITIES
    • Article
      Lock icon Uncertainty looms as oil price moves lower
      466 6 AP OIL PRICES are moving lower but the path appears to be getting rocky and more unpredictable. In wild trading in New York on Thursday, crude oil lost more than US$l as it dipped briefly below US$l5 a barrel. But it rebounded to
      AP  -  466 words
    • Article
      Lock icon France buys more oil from Iraq and Libya
      128 6 AFP FRANCE dramatically increased its oil imports from Iraq and Libya in October after refusing to buy a single drop of Iranian crude, the French Petroleum Committee said on Thursday. The French government had asked importers in August to stop buying Iranian
      AFP  -  128 words
    • Article
      Lock icon Oslo may drop production curbs
      333 6 Reuter NORWAY COULD DROP voluntary restraints on planned oil production in support of Opec efforts to stabilise prices, if crude prices stay below US$l5 a barrel over the next few months. Government sources in Oslo said on Thursday that Norway was concerned that North Sea
      Reuter  -  333 words
    • Article
      Lock icon NZ wool traders brace themselves
      100 6 Reuter WOOL TRADING in the new year will remain extremely difficult if the New Zealand dollar maintains its strength. The New Zealand Council of Wool Exporters in Wellington said that fear of recession in Western markets was dampening forward demand. In the increasingly important Chinese
      Reuter  -  100 words
    • Article
      Precious Metals
      284 7 HONGKONG: Gold closed slightly lower in (airly active trading yesterday on continued selling. The metal ended at U*****.20/70 against New York's U*****.50/486.00 close and the US$4B7 90/488.40 finish on Thursday. On the local market, gold lost HK$34 to end at HK54,484 a tael. Coins were weaker with Krugerrand
      284 words
    • Article
      Lock icon Higher KL revenue
      117 7 Bernama MALAYSIA'S revenue this year from primary commodities exports (excluding petroleum and natural gas) is expected to increase by 10 per cent to M 514.9 billion from M 513.1 billion last year. The prices of several primary commodities have picked up since early this year following better
      Bernama  -  117 words
    • Article
      Palm Oil
      484 7 Crude palm oil futures continued its bullish momentum on the KLCE yesterday, setting yet another record turnover of 1,713 lots. Prices too rose to a high of M 51,058 a tonne for nearby March but heavy profit-taking trimmed gains to the M 51.030 level. January rose Msl6 to
      484 words
    • Article
      Produce Prices
      229 7 Chinese Produce Exchange S#Mtn' noon dosing pricos on Doc 18 (SS/100 kg) Coconut oil Bulk FOB 99.00 Old drum FOB 109.00 New drum FOB 113.00 Copra Mixed (Ioom) 56 Pepper AAlJll.1 u rK>t, "Wiw* wnirt FOB NIW 1210.00 Sarawak white FOB foq NLW 1195.00 Sarawak <p«cfal black FOB
      229 words
    • Article
      Lock icon Sugar futures hits high
      56 7 Reuter WORLD sugar futures jumped to a nine-month high on general buying and nervous short-covering on Thursday morning, spurred by prospects of sharply improved demand for physical sugar. March sugar soared 0.27 cent to 8.63 cents a pound, a level unseen since March 13, 1987. The
      Reuter  -  56 words
    • Article
      Rubber
      195 7 SINGAPORE The rubber market yesterday closed higher with January One RSS buyers quoted at 218.25 cents/kilo, up 1.50 cents from Thursday's close. The morning session ended 1.25 cents higher in very quiet trading. Prices rose further in thin afternoon trading on continued short-covering. MALAYSIA Rubber prices closed mixed in
      195 words
    • Article
      Oil and Products
      86 7 MARKET CONDITIONS remained confused with most traders prefering to either buy at market related formulas or remain sidelined and watch for price bottom. Sentiment is stilt bearish but the Tokyo crude market exhibited relative stability, and London's gasoil futures opened with a US$4.5O upward correction. Products (FOB
      86 words
    • Article
      KL Tin
      89 7 THE TIN PRICE on the Kuala Lumpur Tin Market (KLTM) yesterday roee two cents from Thursday's close to M 517.02 a kg in continued dull trading. The marginal rise was attributed to small buying interest from Europe and locally, but Japanese buyers were absent while awaiting more attractive
      89 words
    • Article
      RAS and MRELB
      241 7 R AS prices in S c*nts/kg, FOB In tel* NOON CLOSE Buyers Sellers Buyers Seiners ht 1 RSS Prompt 219.00 220.00N 219 JO 220JON Int 1 RSS Jon 88 217.50 218.00 218.25 218.75 trrf 1 RSS Feb 88 216.50 217.00 216.75 217.25 Int 2 RSS OP 216.00
      241 words
    • Article
      SSR and SMR
      78 7 (cann/kg, 1 -ton poMan) JANUARY 88 FEBRUARY 88 (currant month) (forward month) RAS NOON NOON Ivy*" S«H*n >vy«r* S,[|»ri SSS 30 333.00 235.00N 223.00 225.00 SSI 50 331JO 233.50N 231 JO 223J0N MRELB lwy«n SMS CV 376.50 278.50N 377JO 279JON SMS L 376-50 278.50N 277JO 379JON SMS
      78 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
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      1,006 words
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      Page 6 Advertisements Column 2
      226 6 a The finest Beijing cuisine from Pine Court, with complimentary Hennessy Cognac MENU I includes steamed live sea-fish, stuffed black mushroorriaiki Peking Duck. Price: $688* nett per table. Complimentary •bottle of Hennessy XO. ww— MENUn includes braised fi* with chicken sauce, braised abalone with vegetables and sweet sour garoupa. Price:
      226 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      276 7 WimMM i mmmmm .-sxH&r m m m in v •>• -E* Advent Sundays Family Brunch: Festive Fare for all. We're celebrating Adventwith a Sunday Brunch that makes for great family outings. With delights like oysters, smoked salmon and traditional Christmas fare. Dec 6,13. 20. 11am 2.30pm. $29 for adults $16
      276 words
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      Page 7 Advertisements Column 2
      201 7 I CHRISTMAS EVE 6-CQURSE DINNER at $70++ per person. NEW YEAR'S EVE 6-COURSE DINNER at $70++ per person. With live music, dancing and novelties. Reservations: 338 8585 ext. ***** or *****10. The Westin Stamford Raffles Cky WESTIN Hotels Resorts THE PEOPLE AND PLACES Of WESTIN MAGICALLY HYATT I+l 1 1
      201 words
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      Page 7 Advertisements Column 3
      256 7 W -tVO« *vs44 n slo«"*Vo*WMr? 4i A You have a i business to run, A a busy schedule B to keep... SINGAPORE BUSINESS understands your f commitment to your work. So, instead of having to go out in the sweltering heat or get held up somewhere in a traffic jam
      256 words
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  • Page 8 Advertisements
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      41 8 C<7c*. "7 MAHILI! C—he unique taste has aQwaijS been savouzed bij the tzne connoissenz. the inhezite? skiMs ouez eight generations the fcimihj have czeated a so zaze it can on&ij be desezibe? ui a ivoz?... supzemacij. Cuyz?on upzeme. the JCouse o
      41 words
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  • WORLD MARKETS
    • Article
      Lock icon Profit-taking wipes 50 points off the Dow
      866 9 New York Reuter PROFIT-TAKERS beset Wall Street and on Thursday erased almost half of its three-day, 107-point rally, in a fit of nervousness over Friday's triple witching hour. Another sharp decline in the dollar added to investor apprehension and weighed stocks down, traders
      Reuter  -  866 words
    • Article
      Lock icon Shares marked lower in early trade
      752 9 London Reuter SHARE PRICES on the London market were marked lower initially yesterday after a sharp, and rather surprising 50-point drop on Wall Street yesterday, dealers said. Equities continued around the early easier levels at the official 0900 GMT opening after the fall on
      Reuter  -  752 words
    • Article
      Lock icon UK panel amends takeover code
      224 9 Reuter THE United Kingdom's Panel on Takeovers and Mergers has announced a modification in the City code on takeovers in the light of the stock market crash. Rule 6.1 stated that if a potential bidder acquires shares in its target "when an offer is reasonably
      Reuter  -  224 words
    • Article
      Untitled
      1197 9 Selected indices HONGKONG Hongkong Index Friday 1.425 36 Thursday 1.400 25 Week ogo 1.***** Hang Seng Index Friday 2.***** Thursday 2.***** Week 090 1.989 58 All Industrials Fridoy Thursday Week ogo NEW YORK Dow Jones Thursday Wednesday Week ago 1.887 0 1.891 1 1.864 4 1.924 40 1.974 47 1.*****
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    • Article
      Lock icon BP makes bid for all of Britoil
      79 9 Reuter BRITISH Petroleum Co PLC is making a 450p per share cash bid for the entire issued share capital of Britoil PLC, valuing the company at about £2.27 billion. BP said the offer represented a 140 per cent premium to Britoil's 187p middle
      Reuter  -  79 words
    • Article
      Stocks close higher
      1454 9 Hongkong PRICES on th« Hongkong market closed higher yesterday on bargain hunting by local institutions and small investors. The Hang Seng Index rose 38.23 points to 2,180.46 and the broaderbased Hong Kong Index gained 25.11 to 1,425.36. Turnover amounted to HKJ749 89 million down from Thursday's HKJ794.95
      1,454 words
    • Article
      Seoul
      133 9 oec i« WON Chaii Sugar ***** 500 Daalim Ind ***** 1000 Daewoo Corp ***** 400 Duwoo Haavy ***** uncfi Daiahm Sacuritiaa ***** -300 Dong Ah Ptiar ***** 200 Dong Suh Stock ***** 5740 Donabu Staal Goto Star ***** 151S0 1000 100 Harul Bank ***** 600 Harwl Camant ***** 590
      133 words
    • Article
      Lock icon Tokyo
      517 9 Reuter SHARE PRICES on the Tokyo market eased in listless trade yesterday but closed above earlier lows as some fresh incentives emerged, brokers said. The Nikkei average lost 72.86 points, or 0.32 per cent, to 22,826.97. Earlier it fell to 22.739.40. The index gained 80.41 on Thursday. Declines led
      Reuter  -  517 words
    • Article
      Lock icon Sydney
      435 9 Reuter THE AUSTRALIAN share martet closed weaker and near the day's lows yesterday, due mainly to tails in the gold and oil sectors following declines in bullion and crude oil prices. Industrial stocks were mixed but easier on balance as investors took profits in the transport insurance and property
      Reuter  -  435 words
    • Article
      Lock icon Bangkok
      120 9 Reuter THE SECURITIES Exchange of Thailand Index rose 8.49 to 277.47 on a turnover of 3.903.979 shares worth 394.63 million baht. Reuter DCC It MKT Ao Kham Thai Ayudhya Investment 240 Bangkok Agro-lnd 71.5 *h It 6! Bangkok Bank 296 Bank 01 Ayudhya 296 Charoong Thai Wire Cable 315
      Reuter  -  120 words
    • Article
      Taipei
      292 9 dcc 11 NT All Sincara Indus 29* Asia Camant 67 00 -05 Cathay Cons 7150 j net! Chang Hwa Bank ***** -3 Chang loong 4610 ♦04 Chia Hain Camant 44 SO 0 7 Chin Hain Flour 20 ao 0 4 China Cham 20 80 -02 China Oav 63 50
      292 words
    • Article
      Manila
      82 9 dcc is I •uot Aco|« Mining Anglo Phil Ap*> Mining B 0 0525 •0 0029 Atlas Con B 27 uncti Bagnio Gold Banc Patroiaum 0019 unch Banguat Con B 79 -31 First Phil HkJga Lapanto B 0 96 *0 01 Marcoppar 1 30 *0 02 Oriental 0 0650 uncti
      82 words
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      Page 9 Advertisements Column 1
      108 9 AN EXTENDED NOW FOR A Ll*'". i_l! PERIODONI L J Stay two nights with us and enjoy... An extra night free OR A Ss7s gourmet meal at no extra charge Coming home at *Ss7s++ gets even better! When you stay with us for two nights, you can stay on for
      108 words
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  • PERSPECTIVE
    • Article
      By the bored, for the bored
      543 10 THE LEARNED EDITORS of The Economist Intelligence Unit have pronounced Singapore boring. According to their publication, The World in 1988, if someone wants to plan where his child should be born next year, Singapore should come at the bottom of 50 nations in terms
      543 words
    • Article, Illustration
      Lock icon Handing the world a reprieve from nuclear war
      504 10 AP THE HANDS of the "Doomsday Clock", symbolising the chances of nuclear warfare, were moved back on Thursday from midnight because there are hopeful signs of US-Soviet rapport. The actual moving of the clock hands, which has been done only 11 times
      AP  -  504 words
    • Article
      Investor still waiting to sell rights shares
      264 10 Dear Sir I refer to the letter from Mr Peter Chia of the SES published in The Straits Times last month. I totally agree that the SES needs to look into the buying-in rules and to tighten them immediately. But what is the
      264 words
    • Article
      One vote cast
      93 10  -  STEVEN TAN Chairman Ad Hoc Committee on Rotation of Auditors Dear Sir I refer to your article "Committee says yes' to rotation of auditors" which appeared on the front page of your publication on Dec 11, 1987. In your penultimate paragraph you stated that Mr Quek Shi
      93 words
    • Article
      Engineers not shirking from responsibility
      409 10  -  Letters to the Editor 8111 BEE TECK Dear Sir Your editorial dated Dec 15, 1987, and headlined "Engineers and responsibility" appeared to have misinterpreted the text of my speech given at the ACES annual dinner on Nov 8. 1987. I would like to categorically state
      409 words
    • Article
      Term 'second-tier company' may be misleading
      270 10  -  HO SEOW BAN Quan Ho Construction Co Pte Lid Deer Sir We thank you for your article in BT, Dec 4, 1987, publicising our success in securing the Singapore Indoor Stadium project in Joint venture with Ssangyong Construction Co Ltd. While enjoying your article,
      270 words
    • Article
      Dividends received for shares sold
      135 10  -  0 W DISTANT Dear Sir It is common to continue to receive dividends on shares which have already been sold; this is due to the persons holding the certificates at the time of the dividend declaration not being bothered to send these for registration. Could
      135 words
    • Article
      Union Gold Fund's fall in unit price queried
      209 10 Dear Sir There are many among the shareholders of OUB's Union Gold Fund who would very much like to know how its unit price could drop by more than 40 per cent of its par value in just two months when the
      209 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      231 10 "It's not Paramount, Nor Warner Brothers'' "Not just another movie The saga continues... Beijing Culture Street Dragon Kite Flying Contest Exhibition of Dragon Lanterns Dragon Boat Race Ice Carved Lantern Show Dream of the Red Chamber enactment of Imperial Lady Yuan's visit to her parents. Deluxe Packages A taste of
      231 words
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      Page 10 Advertisements Column 2
      40 10 •T aralcama* lattara tram raadara. Your l«tt»r* must Include yur algnatura, lull offlc* (otophone numNra, H any. Vm may add a piimliii ry. w yo« w»ah. HHma your lattara Ik The Editor, Butln#M Tim## MO, Kim Sang Road, Singapore 0923.
      40 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      786 10 J CRYPTIC PUZZLE ACROSS 9 Failed to stay upright? (4. 4) 10 Heavens, give the firm a ring! (3) 11 As man to man. that's capital (6) 12 A bar holds it back, you disclose (6) 13 "A bolt," you say angrily (7) 14 Mark is a most unpleasant person
      786 words
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      169 11 REACTION to the arms treaty between the US and Soviet Union has been mixed. One sceptical BT reader thought there might be something telling in a statement made in a recent issue of the Economist about credit cards which read: "By the end of this decade,
      169 words
    • Article, Illustration
      You're so bearable
      414 11 Hi folks, It's me, Octo the bear, again. It's great to be loved. They all said I was too big to be wanted but thousands of BT readers have joined in the contest to win me. I love you all and wish I had some unattached brothers
      414 words
    • Article, Illustration
      Giving 'nestlings' that nudge
      481 11  -  11mxs SM\eh BARBARA H PUGH Barbara H Pugh is a consultant with PA Consulting Services Pte Ltd WE ALL TALK about introducing young people to the working world and its tough realities, but how many of us actually act to help a young person enter this
      481 words
    • Article, Illustration
      If you think wine is a dry topic ...
      1242 11  - If you think wine is a dry topic By MONICA GWEE JEAN HUGEL is puffing away on Cartier cigarettes in the Oriental Hotel in Singapore telling stories. He knows very many. Jean ("call me Johnny") introduces himself as the 11th generation of his family to make wine in Alsace by
      1,242 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        The importance of having regular rest
        853 12  -  HEALTH By RICHARD SEAH THIS COLUMN takes a break next week, along with the rest of Executive Lifestyle and BT. Long weekends, annual vacations and other breaks are essential for countering fatigue. And it is when the body is fatigued that immunity drops dramatically
        853 words
      • Article, Illustration
        Ford's new sleighs for the season
        526 12  -  MOTORING By JEFFREY TSANG CHRISTMAS A time for church services. Carolling. Presents. A quiet dinner with family or a loved one. Or even snow, reindeer and Santa Claus though in Singapore you will have to be content with the Orchard Road lights, shopping centre
        526 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article
        If you have found the meaning of Christmas, call me
        662 13  -  CHRISTMAS -1» Jaime Lye SO THIS IS IT, huh? Christmas. Bite thy tongue, child, lest that infernal curse. "Bah, humbug!" escape thy acid-tainted lips. This is a story about the meaning of Christmas. About how I've tried to find it.
        662 words
      • Article
        You can't fry the town without seats
        528 13  -  FOOD By THE FOOD TEAM A WORD of advice from one burnt last year. Don't get caught on Christmas Eve ready to fry the town with no reservation. Bookings at all usual hot spots are either gone or going fast for both Dec
        528 words
      • Article
        BILLBOARD
        815 13  -  Compiled by. Ssakina Dhilawals CINEMA: Mannequin starring Andrew McCarthy, Kim Cattrall and Michael Gottlieb. Showing at Cathay: 11; 1.30; 4; 6.30; 9. Innerspace Starring Dennis Quaid, Martin Short, Meg Ryan and Kevin McCarthy. Showing at Capitol, Changi and Jurong. La Bamba starring Lou Diamond Phillips, Esai Morales, Rosana De
        815 words
      • Article, Illustration
        Madness and glitzy fun for lunch
        899 13  -  THEATRE By JAIME LYE I HAVE PROBLEMS appreciating complex plays. Especially the kind with a young woman who pops out of cupboards and can't decide whether she's a cat or a spaced-out groupie. That explains why till now, I haven't quite figured out what
        899 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Defeated Dallas Cowboy deserves another chance
        575 14  -  ONTRACK by Brian Millar I BACKED DOWN to ridicuI lously short odds, Dallas i Cowboy proved a disaster for punters at Bukit Timah last week. But he deserves another chance and I'll give him my vote when he lines up with 14 others in
        575 words
      • Article, Illustration
        Lock icon Sweden still favourite though Edberg's out
        592 14 UPI ANDERS JARRYD on Thursday replaced injured Stefan Edberg, the world ranked No 2 in the singles of this weekend's Davis Cup final in Sweden, but Sweden still has rankings, history and a tailor-made claycourt on its side against the Indian underdogs. "Sweden has
        UPI  -  592 words
      • Article
        Thousands gear up to pound the streets
        684 14  -  MARATHON By BRIAN MILLER THIS MAY BE the Christmas season. But, tonight, at least 10,000 people will shun the discos stay away from that late, late supper and opt instead for an earlv night. Each has a good reason. After all, on Sunday
        684 words
      • Article
        Lock icon Who are the slowest players of all?
        293 14 GOLF AP GOLF PROMOTERS looking to promote a fast-play tournament will be sure not to invite Ken Brown of Scotland, Bernhard Langer of West Germany, Denis Watson of South Africa and Nick Faldo of England. Those four were the top vote-getters in an
        AP  -  293 words
      • Article, Illustration
        Letting your cards speak for you through proper signalling
        703 14  -  BRIDGE toy MIKE THUMBA Signalling against suit contract Last week, we discussed the opening leads against suit. This week we go on to signalling. There are three important types of signals we should remember when defending against suit contracts. But. please
        703 words
      • Article
        League finals today at Indonesian Embassy
        103 14 THE INDONESIAN Embassy will play host to the final match of the Inter-Clubs Bridge League Games this afternoon at its Chatsworth Road premises starting at 1.30pm. The series started on Aug 1 and almost every week saw teams from 14 clubs and societies pitching
        103 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Lock icon Watch for that mid-term rally
        378 15 RC SINCE LAST Tuesday, the Dow Jones Industrial Average has staged an impressive 240-point rally. This is easily among one of the best two-week performances by Wall Street this year, if we exclude the extreme volatility following Black Monday. With American investors chasing high-quality stocks
        RC; Source: Chartamatic  -  378 words
      • Article, Illustration
        Comeback for greenback?
        996 15  -  CURRENCIES By RAMESH CHANDIRAMANI A FEW BRAVE SOULS are forecasting that the US dollar is nearing rock bottom and may soon stage a comeback. Indeed, this small body of opinion, very much in the minority right now, even suggests that the dollar has fallen too far and
        996 words
      • Article, Illustration
        Take a closer look at JEL
        1004 15  -  mm msmn by Ramesh Chandiramani JURQNQ ENGINEERING Ltd is probably the only quality issue that has barely budged, even though the local market has gained almost 70 points since last week. Still selling close to the year's low and almost 57 per cent below
        1,004 words
      • Article
        Lock icon Japanese prints take centrestage
        603 15 ART TRADE Sotheby's Research Department THE HIGHLIGHT of the art market last week was the sale of the British Rail Pension Funds' collection of Japanese prints in London. Following the funds' earlier sales of Old Master prints and English silver, the Japanese prints drew a great
        Sotheby's Research Department  -  603 words
      • Article
        Lock icon Why October may heighten the 'January effect
        597 15 STOCK MARKETS BEonrmFrsA WRITER Eg® IHT IT S THAT TIME of the year again. Around mid-Decem-ber, students of the stock market can be heard debating the probable outcome of the "January effect", one of the most intriguing anomalies in investing. In all but
        IHT  -  597 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      23 11 FOR THE CARD WITH THE LONGEST INTEREST-FREE REPAYMENT PERIOD OF 25 DAYS, CALL 532 3577 ■nmHiMrMM cuoac ISBB IbSB CHASE CLASSIC VISA 64JVt
      23 words
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      Page 11 Advertisements Column 2
      142 11 Inside The Hour Glass. The Architects of Time Aj «v v yx /V i. r* '•V I tf JP. f'- r -%< f* V" 'i*'f .?T!U ffcJS* i# vA» «<-« > i irtli I 1 build on the beauty of an Ebel when you buy it at The Hour Glass.
      142 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      2511 12 SIOIS TO WATCH Hoffman, Mehta and the Rockettes XOUR YOUNGSTERS on their way to Kiev |$r a holiday in 1941 are suddenly forced to •jrow up when Nazis invade their eastern Russian city in The North Star. Some dramatic battle sequences marred by uninter'Jfcting stretches of plot. Anne Baxter, Dana
      2,511 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      755 14 NOTICES r.\ m 1 m >I*l I L 1 w g IN THI MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JODIS PROPERTIES PTE LIMITED (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of JODIS PROPERTIES PTE LIMITED duly convened and held at
      755 words
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      Page 14 Advertisements Column 2
      180 14 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME WE, KASMAN MARINE PTE LTD of 150 SOUTH BRIDGE ROAD #06-07 FOOK HAI BUILDING, S'PORE 0106 hereby (five notice that in consequence of our intended purchase of the barge "COMFORT MARINE 58". We have applied to the Registrar of Singapore Ships, under
      180 words
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      Page 15 Advertisements Column 1
      28 15 BT welcomes investment Ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.
      28 words
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      Page 15 Advertisements Column 2
      171 15 SUCCESSFUL EXECUTIVES Are you looking for a change of career? A job that would bring you into contact with the best and brightest in Singapore, and put you at the very heart of business and economy? Then consider a switch to the fast-moving and stimulating world of business journalism. Put
      171 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Bargain-hunting and short-covering boost shores
      4137 16 SELECTIVE bargain-hunting and short-covering helped the Singapore stock market to a slightly higher close yesterday, shrugging off a setback in Wall Street. On Thursday, the Dow Jones Industrial Average dropped 50.07 points to 1,924.40 as profit-takers beset Wall Street in moderate trading. The Straits Times
      4,137 words
    • Article
      Chief price changes
      249 16 SINGAPORE., iAAA Rises Od PloKoWam 390 MotokoH 230 U A C 177 Katawiy Spor» 1*2 MMro HMg> 462 How Par 235 M 750 Mtcap* 310 Or Da» JO* 200 Pas 50* 190 Sal Coeanwx 170 AmcoI 25* 113 Imoi 50* 400 Avfcae 20* 31S Falls Ayar IWw
      249 words
    • Article
      Business done on the SES
      3410 16 SECTION ONE ■«mistrial COMMERCIAL Aaao (109 8) (441 107 II» 107 (9 106 0 1.09 Aawl Stool 30* (I 15 8) (91 I II (IS 1 12 Q9 1.13 II» I 14 0 I 13 (541 114 (139 I IS A«taw 30« 016 318 SI
      3,410 words
    • Article
      Unit trusts
      262 16 Managers' prices for D«c 19 and D*c 21 Singapore Unit Trust Tko Cowan tea OAS 091 Tha Sovm-jj Fund 074 079 S'pora frog Fund (tt4 0.38 S'pora $k Fund 0.57 041 S'por* Irnm Fund 041 0 M S'pora Equity Fund 040 044* Asia Unit Trust Mol bivast Fund
      262 words
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  • COMPANY NEWS
    • Article
      Lock icon KL brokers to debate new commission scheme today
      465 17 MBT THE KUALA Lumpur Stock Exchange is bracing itself for a heated debate over a thrice-post-poned proposal to introduce negotiated commissions for share transactions. Its members will meet in Kuala Lumpur today to consider among other things, a new committee, vote on
      MBT  -  465 words
    • Article
      Lock icon Futures exchange plans reforms
      151 17 Reuter THE HONGKONG Futures Exchange is proposing a series of reforms, including increased capitalisation for members and tighter surveillance, to restore confidence to the market. The exchange, hit by defaults of about HK$l.B billion on Hang Seng Index Futures contracts after the the crash in stock
      Reuter  -  151 words
    • Article
      COMPANY BRIEFS
      195 17 UPP rights 61.8pc subscribed UNITED PULP Paper Company Ltd has announced that at the close of its rights issue of 65 million new shares at 25 cents each on Dec 15, acceptances and excess applications totalling 40.16 million shares were received, representing approximately 61.8 per cent of the
      195 words
    • Article, Illustration
      Chuan Hup tightens its hold on electronics company
      484 17  -  By AMY BALAN MARINE-BASED Chuan Hup Holdings Ltd has tightened its grip on a US-based electronics company which will be used as a vehicle for further forays into the high technology business. The company recently doubled its stake in Printed Circuits International
      484 words
    • Article
      Innovest plans to offer 33.4 m new shares to bumiputras :
      370 17  - Innovest plans to offer 33.4 m new shares to bumiputras By LISA LEE INNOVEST Bhd has proposed a special issue of 33.4 million new ordinary shares of $1 each to Malaysian bumiputra investors to increase their stake in the company to the 30 per cent required under the Malaysian government's
      370 words
    • Article
      KL stocks chalk up further gains in active trading
      3810 17 THE KUALA LUMPUR stock market forged ahead for the fifth consecutive session yesterday as investors pushed prices sharply higher in the afternoon. Scattered double-digit gains were recorded across the board in fairly active trading. The buying support lifted the 30-count-er New
      3,810 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      131 17 NOTICE OF PREPAYMENT The Sumitomo Bank, Limited Singapore Branch U. 5.530,000,000 Callable Negotiable Floating Rate Certificates of Deposit No. *****1 *****0 issued on 16 January, 1984 Maturity 18 January, 1989 Callable in January 1988. Notice is hereby given that in accordance with Clauses 3 5 of the Certificates of Deposit
      131 words
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      Page 17 Advertisements Column 2
      3 17 TIMES Business Directory
      3 words
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      Page 17 Advertisements Column 3
      70 17 HARMONY AND PRECISION Pelikan Souveran M 800 Perfect precision of German craftmanship Handfmished finely chased 14-carat gold nib in 8 nib widths. With solid brass plunger pump filling mechanism and hermetic screw cap Pelikan Souveran Unigue with its harmony and precision Sbiikan 0 LS( Innrp Pelikan Singapore Malaysia Pie Ltd
      70 words
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  • Article, Illustration
    Auditor pleads guilty to making misleading statement
    635 18  -  By ELAINE KOH AN AUDITOR who failed to spot bogus share transactions generating a fraudulent $11-million profit for a Pan-Electric Industries subsidiary has pleaded guilty to making a misleading statement in his audit report. James Tan Giap Hong, 38, former partner of public
    635 words
  • Article, Illustration
    Lock icon First clashes in Seoul after presidential election
    343 18 AFP POLICE IN SEOUL clashed with students yesterday after a fierce pre-dawn battle to disperse 2,000 demonstrators who had seized a suburban district office on Wednesday during South Korea's presidential election. Some 1,000 students gathered at Yonsei University, then went to the plaza
    AFP  -  343 words
  • Article
    UNDP to review Singapore's status in funding programme
    303 18 COME JULY next year, Singapore and Hongkong will again be reviewed by the United Nations Development Programme Council to determine whether they should be moved from being net recipients to net contributors of funds. This was disclosed by Mr Andrew J Joseph,
    303 words
  • Article
    Lock icon US$23b tax increase approved
    335 18 Reuter US HOUSE and Senate negotiators attempting to cut the US budget deficit have agreed to a US$23 billion package of tax increases over the next two years. The tax-writing panels for each chamber approved the package late on Thursday, after the details were worked out
    Reuter  -  335 words
  • Article
    Lock icon Ramos sees more stability next year
    201 18 AFP AP ARMED Forces chief General Fidel Ramos said yesterday that Filipinos can look forward to improved stability in 1988 after weathering a "traumatic year" of right-wing coup attempts and communist rebel attacks. In a Christmas message, he said the military proved in 1967
    AFP; AP  -  201 words
  • Article
    Lock icon G-7 may issue currency statement this weekend
    446 18 Reuter MAJOR NATIONS may issue a statement this weekend reaffirming the need for currency stability, said Japanese government sources in Tokyo yesterday. The statement could come if the US Congress were to pass legislation cutting America's budget deficit. The statement would be issued
    Reuter  -  446 words
  • Article
    Housing board incurs a lower net operating deficit
    470 18  -  By LEE HAN SHIH Property Correspondent THE Housing and Development Board (HDB) incurred a net operating deficit of $966 million in the last financial year, an improvement of almost 26 per cent against the $1.3 billion deficit in the previous year. Figures
    470 words
  • Article
    PAP conference dates changed
    109 18 THE PEOPLE'S Action Party has pushed back its party conference by two weeks to January 23-24 next year to give its branches more time to prepare their resolutions. The latest issue ot the party's publication, Petir, which announced the deferment, said branch resolutions were a new
    109 words
  • Article
    Lock icon Comex gold
    92 18 Reuter COMEX GOLD FUTURES sank on light selling against a firm dollar in early trading yesterday. The market temporarily ignored indications that NYMEX crude oil might recover some of this week's losses. February gold was off US$6.OO at U*****.70 an ounce but it held Thursday's low of U*****.00.
    Reuter  -  92 words
  • LATE FILE
    • Article
      Lock icon Call for stable exchange rates
      32 18 AP THE Federation of Economic Organizations (Keidanren), yesterday asked the Japanese government to cooperate with other nations in stabilising exchange rates and preserving the free-trade system. AP
      AP  -  32 words
    • Article
      Lock icon Tokyo signs rubber pact
      39 18 Bernama JAPAN yesterday became a signatory to the new International Natural Rubber Agreement 1967. A statement from the Japan information aervice says Japaneseambassador to the United Nations K Kikuchi signed the agreement atthe UN.— Bemama
      Bernama  -  39 words
    • Article
      Lock icon Indonesia gets ADB loans
      39 18 Reuter THE EXPANSION and diversification of Indoneaia s non-oil exports will be supported by two loans totalling US$l5O million from the Aaian Development Bank, the first to approved under the bank's new program lending policy.
      Reuter  -  39 words
    • Article
      Lock icon UK bars BP takeover bid
      38 18 AFP THE BRITISH government said yesterday it would block a hostile takeover bid by British Petroleum Co on Britoil PLC by using its so-called "Golden share" in the Glasgow independent oil firm. AFP
      AFP  -  38 words
    • Article
      Lock icon Hutton lays off staff
      36 18 Reuter US broker E F Hutton Group Inc has laid off more than 300 out of soma 400 London staff, a t the company said. Serita*£fficials were not immedialPfrjujaiiabie to comment. Fetifcr
      Reuter  -  36 words
    • Article
      Lock icon British GDP up 2.2 pc
      60 18 AFP Britain's gross domestic product rose 2.2 per cent in the third quarter of 1967 from the second quarter, according to provisional figures released Friday by the Central Statistical Office. The rise exceeded analysts' forecasts of one to 1.5 per cent. GOP was up by
      AFP  -  60 words
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      Page 18 Advertisements Column 1
      108 18 Goldpfeil. This traditional name stands for highest quality all over the world. Our reputation began in Germany as early as 1856 when Ludwig Krumm began manufacturing cleverly designed and beautifully made purses and wallets for the Imperial Courts of Europe Today, connoisseurs of leather in more than 50 countries appreciate
      108 words