The Business Times, 2 January 1988
1988-01-02
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The Business Times
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Title Section12 1988-01-02 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, January 2-3, 1988 75 CENTS12 words
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358 1988-01-02 1 AMY BALAN - By AMY BALAN THE SINGAPORE Society of Accountants, which has been holding high the banner against ihdivfdual advertising by its members, has found another bone to pick with some of the international accounting firms. This time it has to do with job Vacancy advertisements.358 words
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159 1988-01-02 1 Reuter AUTHORITIES have arrested four officials of a leading stock brokerage house in connection with illegal margin loans which led to a default on payment of NT$75O million by a stock investor, police said. A Bureau of Investigation official told reporters on Thursday thatReuter - 159 words
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594 1988-01-02 1 LEONG WEN WAH - CARTE BLANCHE TO BOW OUT OF LOCAL SCENE By LEONG WEN WAH DBS BANK and Standard Chartered Bank have plans to issue MasterCard here this year, after joining the credit card organisation last year. Malaysia's MBf group is also planning its entry into594 words
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102 1988-01-02 1 Reuter THE BANK of Japan bought as much as US$37 billion during 1987 in an effort to prop up the sagging US currency, the Nihon Keizai Shim bun reported. The Mainichi Shimbun newspaper gave a lower figure of US$32 billion. A central bankReuter - 102 words
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Article, Illustration536 1988-01-02 1 BOEY KIT YIN - By BOEY KIT YIN THE INCESSANT RINGING of cash registers the whole of last Sunday must have been music to the ears of Hans Goran Stennert, managing director of Ikea. "It was the second best day in the company's history. We536 words
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Page 1 Advertisements
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Advertisement238 1988-01-02 1 Ntkon THE WORLD'S mJFST PHOTOGRAPHIC SYSTEM n mm US PRESIDENT Ronald Reagan and Soviet leader Mikhail Gorbachev greeted the New Year yesterday by exchanging pledges to seek on intercontinental missile treaty during the first six months of 1988. OVERSEAS, Page 2 UNLIMITED INTERVENTION to shore up ailing currencies contains dangers238 words
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Advertisement229 1988-01-02 1 BT bumps up Weekend Edition COME Saturday morning, January 9, 1988, BT salutes the end of the New Year's first hard week's work by giving our readers a new look and 18 pages in a henceforth enlarged and more breezy Weekend Edition which will also continue to provide our regular229 words
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Advertisement83 1988-01-02 1 Ntkon THE WORLD'S I XI PHOTOGRAPHIC SYSTEM Bow to the wind Page 5 Loneliness of a wrong distance runner Fags 5 Fancy a health food party? Page TV programmes for today and tomorrow Page Broadway, LBJ and Shirley Bassey Page Cherry-blossom-account chic Page How to get an old town plan83 words
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OVERSEAS
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Article, Illustration627 1988-01-02 2 Aim for intercontinental missile pact within six months AP US PRESIDENT Ronald Reagan and Soviet leader Mikhail Gorbachev greeted the New Year yesterday by exchanging pledges to seek an intercontinental missile treaty during the first six months of 1988. The two world leaders,AP - 627 words
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Article, Illustration178 1988-01-02 2 Reuter PRESIDENT Robert Mugabe of Zimbabwe said investment levels forecast under the 1986-1990 national development plan had not been achieved due to drought and recession and the plan may be revised. Speaking after taking the oath of office as executive president on Thursday,Reuter - 178 words
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237 1988-01-02 2 Reuter SENIOR West German politicians said Bonn would use its presidency of the European Community (EC) in the next six months to further trade liberalisation and urged other nations to fight protectionism. In an article in the financial daily Handelsblatt, Economics MinisterReuter - 237 words
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367 1988-01-02 2 AP CHINA will try to rein in inflation, stifle demand and promote management reforms in 1988, leading economists say. The government economists told the Economic Daily (Jingji Ribao) in interviews excerpted in the China Daily on Wednesday that controlling investmentAP - 367 words
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182 1988-01-02 2 Reuter TAIWAN'S external trade is expected to hit a record high of more than US$BB billion for the whole of 1987, the Board of Foreign Trade said on Thursday. Board director Vincent Siew said two-way trade would reach about US$BB.3 billion this year comparedReuter - 182 words
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Article91 1988-01-02 2 Reuter SAUDI ARABIA'S non-oil economy grew by a real 0.8 per cent in 1987, the first rise for three years, the Finance and National Economy Ministry said. In a summary of economic performance released by the Saudi Press Agency to accompany the 1988 budget, the ministryReuter - 91 words
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404 1988-01-02 2 Reuter COMPUTER equipment will be the top performing American manufacturing industry in 1968, while videotex services on home computers will be the leading service industry, the US Commerce Department said on Thursday. The department released its annual industry-by-industry look at the performanceReuter - 404 words
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Article121 1988-01-02 2 AP THE US began 1968 with a population of 244,427,098. and ex pec- I ted it to grow by another 2.2 million this year, far below the record increase of 3.1 million "re- corded during the baby boomyear of 1956. The Census Bureau estimatedAP - 121 words
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263 1988-01-02 2 Reuter PRESIDENT Hossain Mohammad Ershad, facing a concerted opposition challenge to his rule, might take "extra-constitutional'' steps if his plan for fresh elections in Bangladesh fails, Prime Minister Mizanur Rahman Choudhury said. "The opposition is forcing the President inexorably towards an extra-constitutional pathReuter - 263 words
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636 1988-01-02 2 AFP AS ASIA leaves the year of the stock market crash behind and enters the traditionally auspicious 'Year of the Dragon', the region's astrologers almost unanimously predict a disastrous year. In China, where Asia's 12year astrological cycle originated, seers andAFP - 636 words
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Page 2 Advertisements
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Advertisement104 1988-01-02 2 AN EXTENDED NOW FOR A LIPERIOD'ONI Stay two nights with us and enjoy... An extra night free OR A Ss7s gourmet meal at no extra chaige Coming home at *Ss7s++ gets even better! When you stay with us for two nights, you can stay on for a third night or104 words
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Page 2 Miscellaneous
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Miscellaneous84 1988-01-02 2 V/SS' 13/04 Cloudy 11/-1 Roin 33/22 Sunny 23/13 Cloudy 22/07 Cleor 19/11 Cloudy -16-21 Snow Moscow Nassau New Delhi New York Nicosia Oslo Ports Perth Rio 'Janeiro Rom* Son Frts'co Son Juan Santiago Soo Paulo Seoul Stockholm Sydney Taipei Tel Aviv Tokyo Toronto Vancouver Vienna Warsaw Washington 31/17 Fine 38/2384 words
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Miscellaneous56 1988-01-02 2 Doonesbury JOHWMLI YOU 6ET THAT? JOHN* mm! BRRING/ ne mbht out thbn mill 10 FILL UP YOU6BTIT, TUB CAR, MOM' HONSY* I'M _X IN TUB BATH! •W f BY GARRY TRUDEAU I CAN'T, MOM I I JUST DIP OH, FOR. MY NAILS! THBLOVB 0F... NATIONAL HBAPQUARTERS, HART FOR PRS&/DSNT. I56 words
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BANKING AND FINANCE
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362 1988-01-02 3 Number Indicative Gross Coupon Amount Interest of days of middle price redemption Maturity Yeor raised rat* million) payment occrued (excluding ..UU yitia P«) dat*t Interest occrued Interest) P«) 1.3.88 Loan 1 1973 •5* 321.94 1/3. 1/9 121 •100.80 •0.95 15.7.85/88362 words
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161 1988-01-02 3 Reuter SRI LANKA Parliament will dabate a new banking bill next weak, aimed at tightening rulea governing banking and at helping regulate the growing industry. central bank governor Warnaaena Rasaputra haa aaid. The bill provides for licensing of banks, directs them toReuter - 161 words
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Article, Illustration506 1988-01-02 3 Reuter WEST GERMAN central bank president Karl Otto Poehl said that unlimited intervention to shore up ailing currencies contained dangers for monetary policy. "Central bank intervention on the currency markets, however useful and necessary it can be at times, cannot be used without limits withoutReuter - 506 words
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535 1988-01-02 3 Reuter THE LATEST American banking data show that the preeaure on reserves which typically builds at year-end did not materialise this time, thanka to a generous Federal Reserve policy and diminished credit demands, economists have said. "The pressures just weren't there this year," saidReuter - 535 words
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445 1988-01-02 3 Reuter THE FRENCH financial futures market Matif, has received proposals from the Chicago Mercantile Exchange to participate in its link-up with Reuters Holdings PLC. according to Gerard de la Martiniere, president of Mattf's supervisory body CCIFP. A Reuters spokesman, speaking fromReuter - 445 words
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Article983 1988-01-02 3 ARRIVALS I Operator Sandra ommcm Local From nunbor Mm* OA OA471 0015 ATH su SQ11 0115 LAX/NRT UA UA805 0120 SFO/HKG MAS AAH619 0125 KUL CAL 0333 0405 TPC 'SA SQ41 0610 AAAA MK MJC746 0725 AARU MAS AAH601 0730 KUL SU SQ491 0810 »WN MAS AAH681983 words
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COMMODITIES
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Article451 1988-01-02 3 Multi-discipline think-tank to be formed Bernama ES PETRONAS, the Malaysian national oil corporation, will form a multi-discipline study team soon to formulate an integrated and competitive group strategy in line with its new corporate vision. Chairman Raja Tan Sri Mohar Badiozaman said in its latest in-houseBernama ES - 451 words
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359 1988-01-02 3 Reuter CHINA HAS ASSURED its people it would not bring back rationing of cotton cloth following panic buying in major cities because of fears of its return and of price increases. The People's Daily said that in the last 10 days of December,Reuter - 359 words
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Article86 1988-01-02 3 Reuter CBT wheat futures closed mixed on Thursday with prices up 1-1/2 to unchanged per bushel. March was 1-1/2 cents lower at $3.10-3/4. Traders said prices were mixed on inter-month spreading. Some commercial and commission house shortcovering ahead of the New Year holidays also helped prices, they added. CornReuter - 86 words
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Article79 1988-01-02 3 Reuter CBT soybean futures closed mixed on Thursday with prices up 4-1/2 to off 2-3/4 cents s bushel. Msrch finished 3/4 cent higher at $6.14-3/4. Traders said late commercial buying firmed nearby January which closed 4-1/2 cents higher at $6.07. Crusher demand due to the firm January soybean crushingReuter - 79 words
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Page 3 Advertisements
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Advertisement58 1988-01-02 3 fI 1/ \l Ifl 1/ The business person's choice, every I 1 II 111 I Tuesday. Thursday. Saturday and I 1 a\ II a Sunday. Leavjng Changi Airport at J V>/± 1 -L V-X 22:05 hours and arriving at Lester B 'Pearson International Airport the following day Call your Travel58 words
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Advertisement176 1988-01-02 3 Hoare Govett Summit Securities SALES EXECUTIVES Hoare Govett Summit Securities Re Ltd is a joint-venture between Hoare Govett of London and Summit Securities of Singapore. We are currently seeking executives to join our sales team servicing institutional and other clients in Singapore and abroad. The right candidates will be highly176 words
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LETTERS TO THE EDITOR
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Article502 1988-01-02 4 DISTANCE LENDS ENCHANTMENT to the view, and rightly so. It is, therefore, natural that hotels should direct their energies to attracting the custom of foreign tourists and businessmen. But nearness, too, can lend enchantment to the view. Singapore hotels have discovered that, in the fight502 words
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695 1988-01-02 4 DR AQRAHA LEVINE - DR AQRAHA LEVINE Dear Sir I am writing to tell of a very sad experience that happened to our group of 120 individuals from all over the world who are members of the Peace Meditation Group at the United Nations,695 words
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Article, Illustration579 1988-01-02 4 JOHN UM - JOHN UM Manager OUB Investment Management Lid DMr Sir Thank you for publishing on Dec 19, 1987, the letter by "INCREDULOUS" on Union Gold Fund. As indicated in our promotional brochures, the purpose of the Gold Fund is to invest in gold-mining579 words
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264 1988-01-02 4 Dear Sir It seems that the proposed changes to Section 44 (dividendfranking provisions) of the Singapore Income Tax Act require, inter alia, that a Singapore company may only utilise franking credits based on taxes already assessed by the Internal Revenue Department. Under264 words
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157 1988-01-02 4 P L KOH - P L KOH Dear Sir All the world s leading stock markets including New York, London. Tokyo, Sydney and Hongkong remained open on Christmas Eve, Thursday, Dec 24, 1967. Even the Kuala Lumpur Stock Exchange was kept open, although157 words
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Article45 1988-01-02 4 UNITED PULP; PAPER - UNITED PULP PAPER CO LTD David Tan Company Secretary Dear Sir I refer to your article entitled "UPP-lnsas controversy rages on" which appeared in BT. Dec 23. 1987. UPP is not directly involved in the controversy outlined in your article.45 words
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Article149 1988-01-02 4 WANG YU YUNG - WANG YU YUNG Dear Sir I refer to the article on Dec 29, 1967, headlined "Study cable damage, say contractors" and the comment by the PUB in the last paragraph ie admitted that it was not possible to provide maps, totally accurate to a few149 words
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282 1988-01-02 4 D W DISTANT - D W DISTANT Dear Sir The biggest advantage MRTtravel has over other means of transport must surely be the shorter travelling time. However, this advantage can be easily lost where the time for a journey is disproportionately increased by having282 words
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Page 4 Advertisements
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Advertisement44 1988-01-02 4 BT wslcomss letters from rssdsrs. Your Isttsrs must includo your signature, full nams, addrsss, and horns and offica tslsphons numbers, if sny. You msy add a pseudonym, if you wish. Addrsss your Isttsrs to: Ths Editor. Businsss Timss, 390, Kim Seng Road, Singapore 0923.44 words
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Advertisement19 1988-01-02 4 PLAYGOLF THE SEV V Y WAV Tighten-up your game Let Sevvy Ballesteros show you how In BT every Tuesday.19 words
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Page 4 Miscellaneous
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Miscellaneous810 1988-01-02 4 CRYPTIC PUZZLE ACROSS 9 Rather too much and not cut daintily (1. 3, 5) 10 Worked out that a child must be hiding in the grass (8) 12 Escorted to, all right (4) 13 The stones take a time, a long time, to hide (6) 14 Managed to turn at810 words
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Executive Lifestyle
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Article248 1988-01-02 5 ANONYMOUS mail is something which ©very newspaper office receives now and then. The Christmas/New Year season was no exception and so a few unsigned greeting cards did land in this office. One sender put in the date and addressed the card to Business Times, Newsdesk, all248 words
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231 1988-01-02 5 TRENDS A MAJOR JAPANESE pearl retailer plans to start selling jewels in vending machines in the hope of attracting young people who are too shy to enter jewellery shops. Tasaki Shinju Corp said it plans to install 10 jewellery vending machines on231 words
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Article, Illustration954 1988-01-02 5 LAWRENCE TAN - I With LAWRENCE TAN WHOEVER dreamed up the romantic notion of the "loneliness of the long-distance runner" couldn't possibly have had a Singapore marathon in mind. Certainly not the first 21km and the merry group that trots almost matter-of-factly to the halfway mark to954 words
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Article, Illustration1127 1988-01-02 5 CHERRIE HOLDER - By CHERRIE HOLDER Cherrie Holder, a keen sailor, is a consultant at Batey Hickson Public Relations. AS THE CLOUDS loom and thunder peals in the background like a percussionist's roll of drum, the lights dance and flash in the sky as though flirting with the waves.1,127 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration883 1988-01-02 6 RICHARD SEAH - HEALTH By RICHARD SEAH AFTER the rounds of turkey, ham and chicken curry during Christmas. something plain might go down well. And so my wife and I threw our first health food party last Sunday. "No meat," our friends were told. In the883 words
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Article158 1988-01-02 6 GRAMS: e Millet with onions and raisins. e Unpolished and white rice (cooked separately and mixed), e Buckwheat. ACCOMPANIMENT: e Carrots pureed with garlic, olive oil and lemon juice. PROTON: e Stewed shitake mushrooms. e Chick peas cooked with tomatoes and some curry spices. e Tampeh (fermented158 words
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Article, Illustration747 1988-01-02 6 THE FOOD TEAM - FOOD By THE FOOD TEAM SOMETHING ABOUT the Oriental Hotel's Cherry Garden isn't quite right. First of all, it's a Chinese restaurant, but its decor makes you expect the captain to greet you with kon-ee-chee-wah or something. At the same time, it boasts the kind of clientele that747 words
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Article443 1988-01-02 7 SHORT TAKES BRITISH magistrates say the court ritual of swearing "By Almighty God" to tell the truth should be abolished because the fear of divine wrath no longer stopped people from bearing false witness. "There was a time when people had a fear of God443 words
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Article, Illustration414 1988-01-02 7 CHARLES SAVAGE - By CHARLES SAVAGE THE QUESTION IS, just how zany is Zany's? How about disconnected, as a more apt term? It's holed up in a department store (Metro's latest at Paragon), for one thing. It serves food from 12 countries (is the bread from Metro's bakery414 words
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Article, Illustration453 1988-01-02 7 LINDA CHEE - COLLECTING By LINDA CHEE TO ALL REGULARS at Antiques of the Orient: bring the card sent to you on the oldest town plan of Singapore and get a free copy. Even if you didn't receive one, go to the shop and453 words
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Article725 1988-01-02 7 JAIME LYE - THE NEW YEAR By JAIME LYE IF YOU CARE to know what I think about this New Year, new years in general, and the basic concept of spending 12 months gearing up to celebrate the passing of one second, read on. Then again, it really725 words
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Article, Illustration634 1988-01-02 7 SHIRLYN HO - NIGHTSPOTS By SHIRLYN HO THE BAR is crowded. There are "Animators" running around. "Mixologists" practise their arts as they are instructed. The Boss oversees the operation. Mexican dancers await their turn to perform. Tucked away in a dim corner, an Indian fortune-teller sits patiently. Cigarette634 words
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Article549 1988-01-02 7 Sakina Dhilawaia - Compiled by i Sakina Dhilawaia CINEMA: Mannequin starring Andrew McCarthy, Kim Cattrall and Michael Gottlieb. Showing at Cathay: 11; 1.30; 4; 6.30; 9. Innanpaca Starring Dennis Quaid, Martin Short, Meg Ryan and Kevin McCarthy. Showing at Capitol: 11; 1.30; 4; 6.30; 9.30 and Changi. 11; 1.30; 4; 6.45; 9.15.549 words
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Executive Lifestyle: Sports
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Article, Illustration235 1988-01-02 8 TENNIS UPI MARTINA Navratilova and Chris Evert, who halpad frama tha rulaa of woman's tennis, will each be fined US$2O,OOO for playing in an exhibition match next week on Auatralia's Gold Coast Women's International Tennis Association (Wita) tour director, Pam Whytcross, yeatardayUPI - 235 words
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Article, Illustration261 1988-01-02 8 UPI THREE Davis Cup representatives who have played in South Africa are among Australia's tennis nominations for the 1988 Seoul Olympic Games. Wimbledon champion Pat Cash, John Fitzgerald and Wally Masur have already incitedUPI - 261 words
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362 1988-01-02 9 RUGBY AP TOM Hodson threw three touchdown passes to Wendell Davis, and David Browndyke added three field goals as seventhranked Louisiana State beat South Carolina 30-13 on Thursday in the 43rd annual Gator Bowl. Davis, who is LSU's all-time leadingAP - 362 words
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Article592 1988-01-02 9 Brian Miller - TMCk with Brian Miller UNTIL THE weights were released earlier this week. Nostradamus appeared to have the Penang Gold Cup at his mercy. But as soon as it was learnt that the mighty galloper had been allotted a hefty 59kg in the season592 words
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789 1988-01-02 9 RACING NYT HAPPY BIRTHDAY to every racehorse in the Northern Hemisphere technically, that ia. Each Jan 1, all runnara age a year for official purpoeea, regardlaaa of their birth date. So begins a new year of racing, with everyone in a new division. TheNYT - 789 words
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Article, Illustration741 1988-01-02 9 MIKE THUMBA - BRIDGE by MIKE THUMBA Suil-pfflitrcncc rttum tignti During the last couple of weeks we have been discussing two of the three most important signals against suit contracts. e The high-low signal shows either a doubleton or an equal honour and741 words
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Article, Illustration388 1988-01-02 9 CRICKET Reuter AUSTRALIA'S newly-acquired crown as the King* of OneDay Cricket champions will be up for grabs for the first time during the World Series Cup, beginning today. Allan Border s revitalised side are strong favourites to win the 15-match series againstReuter - 388 words
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Executive Lifestyle: Personal Investment
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964 1988-01-02 10 RAMESH CHANDIRAMANI - STOCK MARKET Keeping track... ■y RAMESH CHANDIRAMANI IP THE EVENTS of the past month are any guide, there may well be a shift in trend whereby the local punter, investor and fund manager will emerge as the major players on the Singapore stock964 words
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902 1988-01-02 10 Ramesh Chandiramani - NEW YEAR RESOLUTIONS BEOnrER'S CDRflEßjgl br Ramesh Chandiramani THE START of a new year is a good time for reflections. r This weekend, people are probably casting their minds back to 1987 to examine the things they did right or wrong. Before venturing very902 words
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Article898 1988-01-02 10 CRASH OF '87 THERE ARE as many explanations as thers are analysts as to why world stock markets experienced s severe meltdown that ill-fated day in October. They range from a simplistic label of being just s violent "correction" of overextended markets to sn unusual898 words
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396 1988-01-02 10 Jeremy Eckstein - ART TRADE by Jeremy Eckstein Jmrtny Eckfin, Society's A?e—rch Df»rtmtit THE SALE RESULTS for the first four months of the season, to the end of December, 1967, as reported last week, showed s strong level of performance from the art market, especially in396 words
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Article, Illustration915 1988-01-02 10 Ramesh Chandiramani - COMMODITIES mm wa -*r Ramesh Chandiramani A GLARING TREND which has continued to develop even after the crash of world stock markets has been the consistent rise in commodity prices. Prior to the equities plunge, the prices of most major soft and hardSource: OUB Securities - 915 words
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Article, Illustration396 1988-01-02 10 nll ad t ny t CH ART PI NT RC THE SINGAPORE MARKET continues to display uncharacteristic resilience, much to the consternation of those who have sold their shares at depressed prices and had Buffered great losses. Most don't understandRC; Source: Chartamatic - 396 words
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Page 5 Advertisements
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Advertisement23 1988-01-02 5 FOR THE CARD THAT OFFERS YOU FREE TRAVEL INSURANCE OF US <50,000, CALL 532 3577 CXMK *AH> mum M C«ma CHASE CLASSIC VISA23 words
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Advertisement77 1988-01-02 5 •Y\ m The Hour Glass Singapore's premier watch boutique with the largest range of watches in these convenient locations When you shop at The Hour Glass you shop with confidence. You're assured of the absolute authenticity of every timepiece you buy. of professional advice, competitive prices, international guarantees and after-sales77 words
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Page 6 Miscellaneous
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Miscellaneous2519 1988-01-02 6 SIOIS TO WATCH Broadway, LBJ and Shirley Bassey Movies Give My Regard* To Broadway is a less than interesting musical about an old-time vaudevillian (Charles Winninger) who refuses to admit that the family act should break up. Dan Dailey, Nancy Guild and Barbara Lawrence co-star in this 1948 production. (Today,2,519 words
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Page 8 Advertisements
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Advertisement781 1988-01-02 8 'J! m Hong Kong DianXin on Saturday, Sundays and public holidays r> Enjoy 27 selections of fine Dian Xin delicacies, prepared by chefs from Hong Kong, using only fresh, quality ingredients from 11 am to 3pm. At the Pheasant Room (2nd floor) where Dian Xin has never been more skilfully781 words
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Advertisement295 1988-01-02 8 Daily afternoon tea and the latest in feshion at the Mezzanine Lounge Come see and purchase fashion apparel from preferred boutiques at the Mezzanine Lounge. Daily at 5.30 pm. There's a sumptuous tea buffet too from 3.00 to 6.00 pm. At only $14.00 per person. And that includes a chance295 words
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Page 9 Advertisements
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Advertisement491 1988-01-02 9 PALM m GRILL An elegant and intimate ambience. With exceptional French and Continental cuisine. And the very finest wines from our exclusive cellars. BUSINESSMEN'S SET LUNCH $32++. Closed on Sundays. Saturday dinner only. Westin Plaza, Ist Floor. For reservations, call 338 8585. ext. ***** or 330 8310. The Westin Plaza491 words
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COMPANY NEWS
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Article1045 1988-01-02 11 New York Reuter LAST MINUTE tax-loss selling and worries about a lower dollar combined to drive Wall Street stock market averages slightly lower in the final session of 1987 on Thursday. Utilities going ex-dividend next week dominated the active list. Low-priced issues were heavily traded too.Reuter - 1,045 words
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Article938 1988-01-02 11 London THE US DOLLAR'S slump, Wall Street s easier opening and a very thin New Year's Eve market sent shares sharply down on Thursday on the London Stock Exchange. More than £9 billion was wiped off the value of shares in the last session of the year.938 words
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Article173 1988-01-02 11 Bernama ES PEGI MALAYSIA Bhd has reduced its previous group pre-tax losses by 92.3 per cent to M 5150,000 for the six months ended Sep 30 from M 51.96 million previously, in the wake of better rubber and oil palm prices. It said group turnover roseBernama ES - 173 words
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Article589 1988-01-02 11 Selected indices HONGKONG Hongkong Index Friday Closed Thursday 1505-82 Week ogo Closed All Industrials Friday Thursday Week ogo NEW YORK Closed 1979 8 Closed Hang Seng Index Friday Closed Thursday 2302 75 Week ogo Closed Dow Jones Thursday Wednesday Week ogo *****2 1950 10 1990 38 TOKYO Nikkei Average Friday589 words
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Article339 1988-01-02 11 Company RIGHTS ISSUE Ayer Hitam Tin Three-for-one $200 per shore C 1 Holdings 27 million loon stocks in the ratio of $3 loon Stock for every live ordinory shores held Duta Cons One <or-one $1 10 per shore FACB One-for-one $060 per shore Hexza Corpn One-for-two $080 per339 words
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502 1988-01-02 11 Plans to buy 30.4 pc in Aokam Tin and 51 pc in Istidaya Bernama ES UNITED ENGINEERS Malaysia Bhd (UEM), in an effort to diversify its activities, has announced a proposed acquisition of shares in two companies Aokam Tin Bhd and Istidaya SdnBernama ES - 502 words
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433 1988-01-02 11 Bernama ES RALEIGH Bhd's most recent diversification into the life and general insurance field is expected to contribute positively not only to the company's profits this year but also to the long-term profitability of the group. Chairman Oatuk Haji Sulaiman Amin said the acquisition ofBernama ES - 433 words
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Article, Illustration341 1988-01-02 11 Reuter A KEY US SENATOR says he was the source of legislation "aimed directly'' at barring media magnate Rupert Murdoch's continued ownership of newspapers in New York and Boston while he owns television stations in the two cities, the New York TimesReuter - 341 words
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Article, Illustration828 1988-01-02 11 IHT IN THE MONTHS before the worldwide drop in share prices last October, the few square blocks that make up Hongkong's financial district were abuzz with talk of a more mature stock market. one that offered investors a broader selection than theyIHT - 828 words
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Page 11 Advertisements
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Advertisement321 1988-01-02 11 NOTICES THE COMPANIES ACT,. CAP. 50 ENGNANCHONO (SINGAPORE) PRIVATE LIMITED" ON VOLUNTARY LIQUIDATION) At an Extraordinary neral Meeting of the M<li*e bers of Eng Nan Chon* (Singapore) Private Limited duly convened and h£t<? at 101. Upper Cross Stfefct #04-43. People's Park Ceo* tre. Singapore. 0105 o»-th« 2nd day of October.321 words
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371 1988-01-02 12 Bernama PRIME MINISTER Detuk Sari Or Mahathir Mohamad has urged all Malaysians to make 1968 s better and happier year by avoiding acts that will only be to the loss of all. At the same time, the government would continue to controlBernama - 371 words
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226 1988-01-02 12 Bernama DEPUTY Prime Minister Qhefer Beba urged Meleysisne on Thursday night to unite end ueher in the New Yeer with greeter determination to make Maleysie a more peaceful and developed country. He told the people thet as a developing country, MeleysisBernama - 226 words
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231 1988-01-02 12 AFP INDQtCStAN President Suharto •aid yesterday that while the cotpfyy's economic outlook for 1968 would remain cloudy, there tiefe encouraging signs on the horizon especially for non-oil exports. "The genersl image of our condition indicates thst clouds will continue to hangAFP - 231 words
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Article, Illustration939 1988-01-02 12 ANNA TEO - Future growth hinges on electronics sector Manufacturing By ANNA TEO THE STRONG growth momentum geined by the menufecturing sector in its robust recovery during 1966 continued steadily into 1967. Particularly in the case of star performer electronics whose factories were kept busy aa939 words
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237 1988-01-02 12 UPI SOUTH Korean President Chun Doo Hwan called on his nation yesterday to shed "the old habit of confrontation and strife" to promote social stability and assure success for two major national tasks scheduled for 1966. In s New Year message. MrUPI - 237 words
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Article, Illustration304 1988-01-02 12 A PRE-OAWN BLAZE gutted a Bangkok hotel yesterday, leaving seven Singaporeans among the 13 people so far found dead in the Thai capital's second worst fire In a year. Hsiao En-Lo lost her husband Ooi Ann Pang, 30, two daughters304 words
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235 1988-01-02 12 AS SINGAPORE it today a middle-class society with a high standard of living, the People's Association (PA) needs to improve facilities and programmes in its community centres to attract greater participation. Currently most Singaporeans have met their basic235 words
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LATE FILE
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Article29 1988-01-02 12 AFP SOUTH KOREA «aMd restrictions on oversess travel yesterday, as amended regulations took effect making it easier for businees and holiday travel abroad. AFPAFP - 29 words
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Article38 1988-01-02 12 Reuter NEW PARLIAMENTARY elections will be held in Bangladesh on Feb 28, the government announced yeeterday, a day after Prime Minister Mizanur Rahman Chowdhury warned of "ex-tra-constitutional" steps M plans for the poll fail.Reuter - 38 words
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Article55 1988-01-02 12 Reuter TOKYO authorities banned smoking in nearly sll ths Japansss cspitsi's subwsy ststtonS" ysstsrdsy. following > ths London undsrground firs which kinsd 94 psopis in No- 1 vsmbsr. Ths bsn covsrs 114 of ths city's privstsly-ownsd 3 inss snd all 64 stations ory thrss IReuter - 55 words
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29 1988-01-02 12 AP THE TAIWAN government yaetsrday ended Id-page lestrtctKm on the stes of Taiwan's newspapers (hat was imposed in 1961 to coneerve foreign exchange. APAP - 29 words
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Article21 1988-01-02 12 AFP INDIA has banned overtime allowances to public sector workers as part of an austerity drive. AFPAFP - 21 words
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Article33 1988-01-02 12 AFP A fresh wave of violence gripped Sri Lanka over the New Year period, leaving 36 dead and 76 wounded, police and Indian sources said here Friday. AFPAFP - 33 words
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Advertisement12 1988-01-02 12 ce -i PARIS ■rn Lanoel Boutique: 435 Orchard Road, #02-28/31 Wisma Atria.12 words
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