The Business Times, 23 January 1988
1988-01-23
1
18
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The Business Times
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Title Section11 1988-01-23 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, January 23-24,1988 75 CENTS11 words
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Article262 1988-01-23 1 Dow Jones higher WALL STREET STOCKS were higher over a broad front in early trading yesterday. Brokers said light buying was prompted by a firming dollar and the stock market s firm close on Thursday, overcoming early selling. The Dow 30 Index climbed 15 to 1894 and262 words
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Article, Illustration482 1988-01-23 1 MARTIN SOONG - By MARTIN SOONG ALAN YEO got the go from judges last night to become 1967 s Businessman of the Year. The chairman and managing director of local food and beverage giant Yeo Hiap Seng Ltd beat 11 other top Singapore executives nominated for the482 words
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Article, Illustration223 1988-01-23 1 A SMALL venture capital-backed company with big ambitions beat 13 other nominees to win the Enterprise Award last night. Amtek Engineering, which operates possibly the largest metal stamping business in Singapore, started out in 1980 with 20 customers. Today, it serves 60, including large multinationals223 words
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348 1988-01-23 1 LEE HAN SHIH - Dhana to developers practise self-regulation By LEE HAN SHIH Property Correspondent DEVELOPERS were yesterday warned to keep their developments free of structural defects or risk direct intervention by the government. Possible measures include the amendment of the Housing Developers Rules so that private houses and flats can only be sold348 words
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Article, Illustration190 1988-01-23 1 MAJOR ASIAN markets closed slightly higher following a steadier US dollar but Singapore bucked the trend to finish lower yesterday. In Singapore, share prices fell across the board due to prof-it-taking by nervous investors and Wall Street's lacklustre performance overnight. The Straits190 words
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Article146 1988-01-23 1 THE US dollar posted marginal gains against the Japanese yen in Tokyo yesterday, ending three days of decline. It was bolstered by reports that the US Federal Reserve had intervened in New York on Thursday to defend the greenback. It closed at 127.70 yen against146 words
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Page 1 Advertisements
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Advertisement260 1988-01-23 1 Nikon Tfc# WofM't rinttt MhstOQfWQMr SysSsm OS THE GOVERNMENTS programme to divest itself of some of its businesses is an effort to keep up with the changing times, the Prime Minister told journalists last week. HOME NEWS, Page 2 OCTOBER'S STOCK MARKET crash is unlikely to cause a US recession260 words
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Advertisement20 1988-01-23 1 BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD Full report, Page 14 Regional market®, Pago 16 World marfcota, Pago 1720 words
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Advertisement9 1988-01-23 1 Property prospects, Psgs 2 Chsng Hong evacuation, Back Psgs9 words
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Advertisement134 1988-01-23 1 Nikon Vm For Carolina Batay, craatlvity knows no bounds. Find out what sha did to har husband's boardroom Page 7 An old boy in a young man's world Pag* 7 Garlic a creative spark Pag* 9 Elephant's trunk, anyone? Pag* TV programmes for today and tomorrow Pag* 10 Ms ta134 words
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HOME NEWS
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350 1988-01-23 2 LOH HUI YIN - By LOH HUI YIN THE GOVERNMENTS programme to divest itself of some of its businesses is an effort to keep up with the changing times, just as the "old guard" leaders absorb ideas from their younger colleagues to keep abreast of developments and350 words
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503 1988-01-23 2 LEE HAN SHIH - No major oversupply, says Jones Lang Wootton By LEE HAN SHIH Property Correspondent IN SPITE OF uncertainties created by the October stock market crash, property prices are unlikely to fall sharply in the next few months. This is the opinion of Mr Edmund Tie,503 words
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208 1988-01-23 2 CONTRACTORS and consultants should consider introducing a properly planned quality control programme for each of their projects. Mr Lee Yiok Seng, Senior Parliamentary Secretary (National Development) made this suggestion at the Singapore Structural Steel Society annual dinner at the Marina Mandarin last night.208 words
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411 1988-01-23 2 TONG SUIT CHEE - By TONG SUIT CHEE THE SINGAPORE Press Holdings (SPH) group is implementing a flexiwage scheme for three years, starting this year. The flexible wage scheme agreement was signed yesterday between the senior management of SPH and three unions, namely the Singapore National Union411 words
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256 1988-01-23 2 TELECOMS has appointed an external consultant to carry out an organisation review, disclosed general manager Mr Wong Hung Khim in the latest issue of Hello, the Telecoms in-house newsletter. Mr Wong said this was timely because 15 years have passed since the last major review of256 words
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448 1988-01-23 2 HARISH MEHTA - By HARISH MEHTA FRANCE S PREMIER fighter aircraft manufacturers are using Asian Aerospace '88 as a launch pad for a series of flying demonstra-tions-cum-promotions in five countries in the region. Oassault-Breguet, the French manufacturers of the air superiority fighter Mirage 2000 and448 words
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Article, Illustration480 1988-01-23 2 LEONG WEN WAH - By LEONG WEN WAH SOUTH-EAST ASIA can expect more Japanese investment in the near future a result of Japan's enormous export of capital because of its huge trade surplus. This assessment was given at a press conference after the Group480 words
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136 1988-01-23 2 THE YEAR of the Dragon starting on Feb 17 will be ushered in with bright lights and shows in and around Chinatown, the traditional hub of Chinese New Year shopping. Singaporeans and tourists can look forward to: e A special carnival on the136 words
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267 1988-01-23 2 Government fees business to be consulted THE Government has assured local businessmen that they will be consulted before government charges are increased. It also emphasised that these changes would not lessen Singapore's competitiveness vis-a-vis the newly industrialising countries (NICs). These assurances were given during a dialogue between the Singapore Federation267 words
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189 1988-01-23 2 SOUTH-EAST Asian countries will take new initiatives to maintain their growth momentum in view of recent developments in the financial markets and in world trade. This was disclosed in a communique issued yesterday at the end of the three-day 23rd annual conference of governors of189 words
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Article1168 1988-01-23 2 AT CONVENTIONAL WHARVES Aseon Mo|u Hung lee IV 12 J6 2301/0100 2301/0700 2601/0600 2301/1800 Pulou Jowo J3 2301/0600 2401/2300 1 > B«ftt Arrival Departure Pernos Sua so JIO 23 01/0600 2501/2300 KEPPEL WHARVES SPC XI JI2 2301/1430 2301/2330 > Zongsubong J8/9 2301/1330 2601/2300 Oaono Island Dongguong K341,168 words
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Page 2 Advertisements
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Advertisement113 1988-01-23 2 mm -:tfl -:il m r* .W Treat your family to a sumptuous Chao Zhou provincial meal at the Chao Zhou Garden Restaurant. Ask for our special set menu ranging from $28+ 4- for 2 persons, $55-1- for 4-5 persons or $88+ for 6-8 persons. A delectable choice of Chao Zhou113 words
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OVERSEAS
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Article, Illustration498 1988-01-23 3 AFP A MAJOR armed forces revamp and President Corazon Aquino's victory in Philippine elections this week point to a more unified and intensified counter-insurgen-cy programme, military and rebel experts say. Defence Secretary Rafael lieto set the train in motion on ThursdayAFP - 498 words
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165 1988-01-23 3 AP TRADE MINISTERS of Comecon, the communist trading bloc, have opened a session in Hanoi to study ways to restructure their cooperation, the official Vietnam News Agency reported. The ministers opened their 20th session on Wednesday with Vietnam's Vice-Premier Nguyen Ngoc TriuAP - 165 words
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Article943 1988-01-23 3 ARRIVALS Operator Sorvic* Local From number tim* OA OA471 0015 ATH S1A SQ11 0115 LAX/NTT UA UA805 0120 SPO/HKG MAS MH619 0125 KUL CAI CI333 0405 TP€ SU SQ41 0610 MAA MK MK746 0725 MftU MAS MH601 0730 KUL MAS MH681 0820 KUl SU SQ417 0820 DXB/KHI943 words
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399 1988-01-23 3 Reuter CAMBODIAN guerilla leader Prince Norodom Sihanouk is prepared to break his ties with the Khmer Rouge, accused ot massacring hundreds of thousands of people, his son said on Thursday. The spectre of the bloody years of Khmer Rouge rule in CambodiaReuter - 399 words
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492 1988-01-23 3 Reuter OCTOBER S stock market crash is unlikely to cause a US recession this year, but the risk of a new bout of financial market instability remains high, several leading economists told the US Congress on Thursday. "Our overall conclusion is that theReuter - 492 words
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Article354 1988-01-23 3 Aaencies JAPANESE investors spent US$5.9 billion last year on acquisitions in the United States, more than double the amount they spent in 1986, according to a new survey. The Japanese made 45 acquisitions in the US, while US investors made three acquisitions in Japan, accordingAaencies - 354 words
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290 1988-01-23 3 AP CHINA'S National People's Congress (NPC) will convene its annual meeting on March 25 to name the government's top leaders and vote on laws to further the nation's market-oriented reforms. The standing committee of the NPC said yesterday the first session ofAP - 290 words
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Article138 1988-01-23 3 Reuter INDONESIA discussed with Japan and the US its mounting debt problem on Thursday and emphasised its commitment to sticking to repayment schedules US Assistant Secretary of State Gaston Sigur said he discussed the debt burden. which has reached US$43 billion, with Indonesian ministers "and thingsReuter - 138 words
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Page 3 Advertisements
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Advertisement59 1988-01-23 3 T~ I I A| I The business person's choice every I I II I I If II I Tuesday, Thursday. Saturday and Sunday. I I Ml I 1% t\ Leaving Chongi Airport at 22:05 I J\ yl ISV J_ i hours and arriving Heathrow early the following morning. Call your59 words
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Advertisement138 1988-01-23 3 ZEISS IS QUALITY base material Buy a Zeiss frame and invest in quality. At Zeiss we make no compromises in the manufacturing of our products. Every Zeiss product is the result of comprehensive methods and sophisticated A perfect example is our 22 carat pink gold- 1 plated frames. Each frame138 words
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Page 3 Miscellaneous
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Miscellaneous38 1988-01-23 3 Doonesbury ASTHZDR MHOOPEe DISTRICT SALeSMANAGeROMWne BX)AMTRAKTON&UVORK... m ..He THOUGHT OFIHE COMPANY FOUNDE&S RECENTNSTTTUPON AUZATTON.ANPTHE oues~TVN IT P058P... B VA m B BY GARRY TRUDEAU t/HO&THENEWTDP DOG, AND WHAT ARE HIS PLANS FORTHE FUTURE-? m n Li I ffi38 words
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MONEY AND EXCHANGES
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Article1523 1988-01-23 4 CURRENCY FUTURES OPTIONS Friday January 22 1988 DEUTSCHE MARK (S4MEX) Nk M caMa FMMpuH 55 36 57 56 59 60 61 62 63 64 63 66 67 66 M 330A 235A I46A 7SA 34A 14A iar SS cad* 325 230 142 74 32 13 3 CAS CAS CAS CAS1,523 words
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Article585 1988-01-23 4 EUROOOLLAR futures yesterday opened higher then the previous closing on Simex as overnight trading pushed prices above key resistance level on firmer US bond prices due to rumours that Bank of Japan might buy long-term US Treasury securities. The March contract ranged between 92.68 and 92.63 after opening four585 words
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Article144 1988-01-23 4 Gold futures on Jan 21 100 to) ■mt USS pm toy m ra Of Lot Mto ion 474J0 xoo. N* 474.30 479.00 475 40 474.40 2.00 Ma 441J0 2.00 fv 441.50 444.70 441 JO 444-50 100 Mm 401.00 490 00 447JO 490 00 2.00 *•4 492M 494.00144 words
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Article190 1988-01-23 4 Asian market ASIAN DOLLAR deposit rates closed steady at lower opening levels yesterday. after a day of quiet trading. US$ <**» MO 7 doyt 6 15/16 6 13/16 1 hm<I 7 6 7/* 2 montw 7 1/14 15/1* 3 mmOa 7 3/16 7 1/14 6 wm<hi 7 5/16 7 3/1*190 words
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Article, Illustration186 1988-01-23 4 kteteates «m iiihi «m prim* tenant rates si 12 ms|or tanks Is fpsrs Interbank marfcat rates (offar/bid) on Jan 22 us$ DM SWFC Yan 7 4"r« 7/9 J/4 3/« 1/4 3 1/* 1 1/4—1 4 l/l* 1/1* 1 7 *7/» s/t l/a 1/4 l/t 1 7/1* 5/14186 words
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Article88 1988-01-23 4 Treasury bills Pariod Issue Yostorday's dosing Day's cod* Maturity MD OfCt HK5H LOW 3 muxtn 8Q*****X 21.4.88 2.94 2.89 2.98 2.90 6 nmilta •Y*****S 30.6.88 2.98 2.93 3.01 2.96 1 yaor •Y*****T 24.11.68 2.96 2.91 2.97 2.94 Government notes and bonds Ported Issue Maturity Coupon Yostorday's dosing88 words
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Article877 1988-01-23 4 SINGAPORE: The US dollar closed higher yesterday against most major currencies in quiet pre-weekend trading. Dealers said the dollar began on a slightly higher note and thereafter fluctuated narrowly for most of the session before rising in late afternoon trade on weekend shortcovering. Most operators were reluctant to877 words
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Article215 1988-01-23 4 Interbank rotes at 3pm yesterday: ■o orven Local doMoi n to on* unit of forolgn curroncy: US dolor 2.0195 2.0205 ***** -2646 id ***** ***** ***** •5076 Aortrolan de «or 1.4439 1.4446 3.4266 -57.92 NZ dolor 1.3459 1.3466 3.4266 -6074 Canadian da dor ***** 1.5797 3.4206 -5346 Loco!215 words
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Article64 1988-01-23 4 THE OVERNIGHT rate on the Singapore interbank market fell point to end' at 2-7/8 per cent yeeterday. The one-month term rate roee by while the two and three-months roee by 1/16 point each. S$ Interbank rates at 12 noon yest»rday: OffVt HD Ow7 7 ft 2 3/4 264 words
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Page 4 Advertisements
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Advertisement10 1988-01-23 4 IB banque INDOSUEZ 3 Shenton Way. Shenton House, Singapore 010610 words
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Advertisement25 1988-01-23 4 National Australiaßank Co-Sponsor Showdown in Singapore Skins Golf Tournament GREG NORMAN ISAO AOKI National Australia Bank Ltd 10 Collyer Quay #2<H)3/06 Ocean Building Singapore 010425 words
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Page 4 Miscellaneous
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Miscellaneous63 1988-01-23 4 r <mz *11 Singapore OUTLOOK: Wtowfl In wwtil anaaa In tvo atttrnoon. (•port for 24 hom prior to 7.30pm on Jon 22 at tfw ok port; lUlny dmyt Ma Now Dot* Now York 1 rUCOMQ Oslo Pari* Porth Mo 'Janoiro Romo San Frts'oo San Jwan Soo Paulo SoouJ Tan rlili63 words
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BANKING AND FINANCE
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380 1988-01-23 5 Reuter BANKERS say they are selling their Third World loans at everlower prices and in increasing amounts. And, with most expecting to set aside even larger reserves from their profits to cover possible losses on their Third World loans, bankers believe the sellingReuter - 380 words
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377 1988-01-23 5 Reuter STANDARD CHARTERED PLC plans to sell its Union Bank of California subsidiary instead of calling upon corporate funds to shore up its shaky capital base. A source close to the bank said an announcement on the sale of the US banking unit isReuter - 377 words
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282 1988-01-23 5 PATRICIA SCHERSCHEL - By PATRICIA SCHERSCHEL FIRST BOSTON CORP. the USbased arm of Credit Suisse First Boston, is disputing recent press speculation that the investment banking concern is about to order massive layoffs. While acknowledging that First Boston has recently shrunk its staff by 100 positions through282 words
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740 1988-01-23 5 NYT IN A FURTHER SIGN that it is recovering from several years of losses caused mainly by bad loans, the Bank America Corporation on Thursday reported a fourth-quarter net income of US$6O million, or 27 cents a share. But the results indicated that the bank mustNYT - 740 words
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157 1988-01-23 5 AP BANCO DE BILBAO and Banco de Vizcaya, two of Spain's "big seven'' banks, have announced their merger to form the country's largest bank. In a brief joint statement released on Thursday in Bilbao, the home of both Basque banks, their boards said the friendlyAP - 157 words
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67 1988-01-23 5 Reuter JAPAN'S three long-term credit banks are expected to cut their long-term prime rates by 0.2 percentage point to 5.5 per cent in February, in line with government policy of loosening local credit conditions, banking sources said. The cut. expected to be decided byReuter - 67 words
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COMMODITIES
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Article225 1988-01-23 5 SINGAPORE The market closed higher yesterday with February One RSS buyers quoted at 221.50 cents a kg, up 1.25 cents from Thursday's close. The market was steady at the outset and hovered narrowly to end the morning session slightly higher on light buying interest in quiet trading. Prices surged225 words
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Article250 1988-01-23 5 RAS prices In s e«i«Mg, fob m f* NOON CLOSE Buyors Sol ton Buyors SoNors ln> 1 RSS Prompt 222.00 223.00N 223.00 224.00N Int 1 RSS Fob 88 220.50 221 JON 221.50 222.50N bit 1 RSS Mar 88 219.25 219.75 220.25 220.75 Int 2 RSS Of 217250 words
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Article75 1988-01-23 5 (cantt/kg, 1-ton pollen) FEBRUARY 88 MARCH 88 (currant month) (forward month) NOON NOON RAS Ivycn S*H«r> lvy«r* SSI 20 224.50 226.50N 224.50 226.50N SSI 50 223.00 *****N 223.00 225.00N MRELB lwy«n Sdltrt lwy«rt SMI CV SMI I SMI 3 276-50 278.50N 277.50 279.50N 276.50 278.50N 277.50 279JON75 words
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Article105 1988-01-23 5 THE PRICE OF TIN on the Kuala Lumpur Tin Market (KLTM) closed unchanged yesterday from Thursday at M 517.28 per kg after a moderate trading session. Buyers and sellers decided to cioee deals at the opening level of M 517.28 and a total of 79 tonnes were traded105 words
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Article321 1988-01-23 5 HONGKONG: The metal closed lower yesterday in quiet trading, giving up gains recorded in New York overnight. Local demand subsided due to a lack of fresh factors and a slightly firmer US dollar. Bullion settled at U*****.50/478.00 an ounce against an initial U*****.40/90. It compared with New York's321 words
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Article2141 1988-01-23 5 Crude palm oil futures continued a downward trend in moderately active trading on the KLCE yesterday. Prices weakened on lonfl liquidation. Bearish sentiment on Chicago soyoil futures also contributed to the softer undertone on the local front in spite of India's purchase on Thursday. Spot month February eased2,141 words
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Article142 1988-01-23 5 SOYBEAN FUTURES on the Chicago Board of Trade closed mixed on Thursday from off three to up 5% US cents a bushel with prices in old crop months weak and new crop strong. March settled 2% cents lower at U556.23%. Professional buying strengthened new crop months while commission house142 words
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Article130 1988-01-23 5 WHEAT FUTURES on the Chicago Board of Trade extended losses at Thursday's close with prices off three cents to one US cent a bushel. March settled 2% cents lower at U553.24%. Traders said nearby March and May eased late on inter-month spread selling against deferreds by mainly commission houses.130 words
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Article84 1988-01-23 5 MOST EAST ASIAN products were featureless yesterday with little discussion or trade. Only naphtha showed some sign of movements as demand continued strong into March and supplies fairly tight. U$l/boffl Owng* 0<M (Atari 15.35 WM Uaos wn m 7.17 Products (FOB S'pore) USJ/borr* Oang* If »l 2X7084 words
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Article242 1988-01-23 5 Chlneee Produce Exchange noon dorinQ p r ka* on Jan 22 (SS/100 kg) Coconut oil M FOt 120.00 OW drum FOt 130.00 N*w drum FOt 134.00 Copra Mixed (too—) 66 ••ton Pepper FOt NLW 1187 JO Sarawak wt*e FOt foq NLW 1172 JO Sarawak iptdd block FOt NLW242 words
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Article312 1988-01-23 5 London Commodity Exchange Buyor/So*or doting pricot on ion 21 (£/tonra unM rst spodfiod). Provious dosing pdca In poromtosts. Cott— Bash in-stor« London, soNori option OF London Jan 1190/1192 (1197/1198) High/Low 1198/1193 Mar 1222/1223 (1227/1228) High/Low 1228/1222 C -I,, (1554) Cocoa Mar 1151/1152 (1152/1155) High/Low 1154/1147 May 1172/1173 (1173/1174)312 words
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LETTER TO THE EDITOR
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Article489 1988-01-23 6 AMONG ALL THE INSTITUTIONS that go to make a national life, public toilets may be said to face the worst sociological discrimination. It is doubtful that anyone writes theses on them; nor have the most grassroots of poets the world over penned odes to the virtues of489 words
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547 1988-01-23 6 Concerned shareholder - Concerned shareholder Dear Sir The suggestion for the rotation of auditors has been received with mixed feelings. A special committee appointed by the Singapore Society of Accountants (SSA) strongly supports the rotation of auditors for public-listed companies every five years. Another committee set547 words
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342 1988-01-23 6 Christopher Cowdray - Christopher Cowdray ▼Wa B u l|l ft -.A a m O ri_ r» I 1 a—t a I I fit rlvlilOfi inV9r a vOfiilr>ffiull Christopher Cowdray Executive Aeeistant Maneger Dear Sir It is significant that your article about the current state and future342 words
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189 1988-01-23 6 PL Koh - PL Koh Dear Sir May I refer to the letter from the Public Aflairs Manager of SES which was published in your Jan 16-17, 1968, Weekend Edition. Instead fo giving a direct reply to my letter, Mr Peter Chia had found it189 words
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147 1988-01-23 6 Concerned Taxpayer - Concerned Taxpayer Dear Sir The date designated for the recent amendment to Section 44 of the Income Tax Act to come into effect would in some instances penalise corporate taxpayers who paid dividends in 1987. This would apply to a company which made dividend147 words
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120 1988-01-23 6 Ng Kest Seng - Priority assessment is possible IRD Ng Kest Seng for CommlMlon*r of Inland R«v*nu« Deer Sir We wish to thank "Concerned Corporate Officer" for his letter published in the Business Times Weekend Edition, Jan 16-17. Where a corporation has given its tax return, audited accounts, original dividend vouchers and tax computation,120 words
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332 1988-01-23 6 TAMMIE LOKE (MRS - TAMMIE LOKE (MRS) PuDivc nvHuOni for Singapore MRT Limited DMr Sir I refer to D W Distant's letter published on Jan 2 and would like to respond to some of the points raised. The writer has asked the SMRT to332 words
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Article214 1988-01-23 6 D W Distant - D W Distant Dear Sir Getting in or out of the heavy double swing doors at the Orchard Road entrance to the MRT station when it rains means getting soaked at the same time. The doors are too narrow for opened umbrellas to pass through214 words
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600 1988-01-23 6 Sidney C Rolt - Tax on dividend income there may be a better way Sidney C Rolt DMr Sir i refer to the letter from "Concerned Corporate Officer" in Business Times, Weekend Edition, January 2-3. and the response from the Commissioner of Inland Revenue. The Commissioner appears to have missed the point of the600 words
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165 1988-01-23 6 The Small; Local Accounting Firms - The Small Local Accounting Firms D«ar Sir We are surprised that feedback from accountants with regard to Section 33 was referred to the Big 8 accounting firms (BT. Jan 14). We believe early dialogue with the Ministry of Finance was initiated by the165 words
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Page 6 Advertisements
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Advertisement109 1988-01-23 6 BT welcomes letters from raadtri. Your lottors must includo your signature, full name, address, and homo C and offics tolaphona numbers, if any. You may add a pseudonym, if you wish. Addrsss your lottors to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923. lusiness HOT TIPS 508 T>»109 words
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Page 6 Miscellaneous
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Miscellaneous767 1988-01-23 6 CRYPTIC PUZZLE ACROSS 9 Convinced it's fashionable, in all probability (2, 2, 5) 10 Quickly giving a final chop to the wood (2, 1. 5) 12 Pop is a mere cat's paw (4) 13 Lagging, in the main (6) 14 Incarcerating a man is serious (7) 15 Made to leave,767 words
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Miscellaneous54 1988-01-23 6 I can'T CX> ONI mR &PkKNorn rov pf\RTHeR wp\s uiPvLxeo ON me r 'FRBID NOT »T STRAIGHT FROTH THC HORS63 i mouTH Me smvs HE U>BNTS TO Give UP SHOu>6fZ RND f\ k e>ON»NG CL£RK V .JT Ar>//1 r L s/ou musT ee JOKING' > TSS^r ftaniclteieng Scene. o>oc»<st-o9e av-54 words
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Executive Lifestyle
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Article, Illustration1885 1988-01-23 7 MONICA GWEE - By MONICA GWEE THIS TIME. Lan will just have to take the back seat. Mrs Caroline Batey has chalked up as many flying hours on Singapore Airlines as her husband. While he scouts the world for business opportunities and scenery for his beautiful commercials, Caroline visits1,885 words
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Article271 1988-01-23 7 HAPPY HOURS from 10.30 am to 6pm. It's common for a pub to do that, but a beauty salon? Well, one way to rationalise it might be that while at pubs people get alcohol poured down their throats, at beauty salons it is poured on their271 words
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Article, Illustration648 1988-01-23 7 WALTON MORAIS - p With WALTON MORAIS SOMEBODY ought to do something about it. I mean the least anyone can do is coin a name for it. I'm talking about this crisis that guys my age go through. Do you know what it's like to648 words
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Executive Lifestyle: Entertainment & Pursuits
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Article474 1988-01-23 9 CHARLES SAVAGE - FOOD By CHARLES SAVAGE BEARPAWS, elephant trunks and camel humps are pretty exotic dishes. You may perhaps have heard about them as high points of an Emperor's banquet which takes two days of feasting to get through and that these specialities come from Yunnan, Southern China.474 words
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Article, Illustration909 1988-01-23 9 MARTIN SOONG - Garlic a creative spark HEALTH By MARTIN SOONG LOVE IT or loath it. garlic, that pungent herb and spice, must be the world's most versatile flavouring. Born Allium Sativum, somewhere in the Siberian desert, garlic has through the years been both food and physic many different things to many different909 words
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Article, Illustration476 1988-01-23 9 LISA LEE - DANCE By LISA LEE COME FEBRUARY, Canada's oldest existing ballet company, the Royal Winnipeg Ballet company, will make its first performance in Singapore. On its third stop in their Asia-Pacific tour, the 50-strong company will perform four internationally acclaimed works at the Kallang Theatre476 words
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Article246 1988-01-23 9 TRENDS IMAGINE. A young Singaporean professional, full of confidence, armed with degrees and working in an American multinational. Put him or her at a formal western dinner with seven pieces of silverware, three glasses and four plates on the table and he or she246 words
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Article, Illustration764 1988-01-23 10 JAIME LYE - CINEMA By JAIME LYE WHAT HAPPENS when an American musical tradition is brought to the screen by an English director whose previous coup had been to sweep the Oscars with the help of a balding Indian man? For one thing, you learn that a director can764 words
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Article, Illustration814 1988-01-23 10 PETER OOI - HOBBY By PETER OOI IN A MORE innocent age, it's called play. When they become responsible adults and are still doing the same thing, it's called a hobby. When they spend a lot of money on it, they are known as enthusiasts. It would be814 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration1279 1988-01-23 11 MONICA GWEE - MEN By MONICA GWEE I ONLY ever bought men's briefs once. It was on impulse and entirel£ due to the brilliant colours and'the attractive packaging. What an easy buy. I simply picked up the six-pack and charged it, assured by the salesgirl that "medium size will1,279 words
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248 1988-01-23 11 iSHORI TAKES THE BRIGHT lights may be dimming on the movie industry, which has enjoyed record sales in recent years, according to Hollywood entertainment analysts and government economists. "The fuse has run out," said one analyst. "Outside capital is drying up, and248 words
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Article, Illustration861 1988-01-23 11 CHUANG PECK MING - BOOKS By CHUANG PECK MING Title: The Closing of the American Mind. Author: Allan Bloom. Pages: 392. Price: $52.50. Publishers: Simon and Schuster. MAYBE Americans would not have paid so much for this book and made it one of the surprising bestsellers in the US if861 words
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Article, Illustration496 1988-01-23 11 JEFFREY TSANG - MOTORING By JEFFREY TSANG THE TRACK was wet, which added to the apprehension as the car sped into the first tight corner at the Pasir Gudang GP circuit. But Dieter Glemser is no ordinary driver. And the Porsche 911 SC is no ordinary car. Marry496 words
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Article771 1988-01-23 11 CINEMA: Spaceballs starring Mel Brooks. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Innerspace Starring Dennis Ouaid, Martin Short, Meg Ryan and Kevin McCarthy. Showing at Capitol: 11; 1.30; 4; 6.30; 9.15. Stand By Me starring Wil Wheaton, River Phoenix, Corey Feldman, Jerry O'Connell and Kiefer Sutherland. Showing at771 words
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Executive Lifestyle: Sports
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845 1988-01-23 12 WALTON MORAIS - GOLF /showdownX IN SINGAPORE V W i M f, tj SirtGAPORE *1 AiRunES fj By WALTON MORAIS ISAO AOKI provided the surprise but it was Greg Norman who did all the talking at the press conference for tomorrow's $270,000 Showdown in Singapore845 words
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168 1988-01-23 12 FOOTBALL COMMON OPPONENTS of the Denver Broncos and the Washington Redskins say John Elway gives the Broncos the edge in Super Bowl XXII. The Broncos and the Redskins played four common opponents this season Buffalo, Detroit, Minnesota and Chicago. Representatives of the first168 words
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446 1988-01-23 12 TENNIS AFP WIMBLEDON champion Pat Cash blasted his way into the final of the Asl.9 million Open Tennis Championships yesterday, outlasting world No. 1 Ivan Lendl in five gruelling sets. The fourth-seeded Cash, a native of Melbourne, took 235 minutes toAFP - 446 words
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Article1066 1988-01-23 12 Jerome Fandor - RACING TMCK with Jerome Fandor THE PRIDE of Malaysian and Singaporean racing will ride with the six horses representing the Malayan Racing Association in the inaugural Hongkong Invitation Cup tomorrow. To be run over I,Boom at Shatin the race will pit the best horses1,066 words
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483 1988-01-23 12 CHARLES SAVAGE - WINDSURFING By CHARLES SAVAGE POTENTIAL OLYMPIC champions are sailing this weekend off the coast of Kuantan in the first Sprite International Boardsailing Circuit covering Malaysia and Singapore. They and the expected 15knot winds and 1.5-metre waves will ensure that Singapore's sailors483 words
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Article, Illustration693 1988-01-23 12 BOXING NYT EVER SINCE Larry Holmes agreed to take US$3.l million for receiving Mike Tyson's punches, he has been a different Larry Holmes, a hermit in a stylish sweat-suit. He trained in his own quiet gym in Easton, hardly talking to sports writers. He didn'tNYT - 693 words
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BRIDGE
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746 1988-01-23 12 MIKE THUMBA - by MIKE THUMBA In defending sgainst s trump suit, whether or not to cover sn honour with sn honour is a delicate matter. It is not an eesy decision to make. Before you make a decision to cover or not, you must hsvs746 words
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Executive Lifestyle: Personal Investment
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Article, Illustration1272 1988-01-23 13 Taking stock of the October crash findings if the Brady Commission WALL STREET •A the markets be the rttirkets." Despite the dislocations of the Oct 19 stock market crash, Wall Street should continue to be smtf-regulated, says John G Hbj&ann, vice-chairman of Morrill Lynch Capital Markets York. yjr Heimann, who1,272 words
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466 1988-01-23 13 ART ALTHOUGH 1988 activity in the London art market has not yet started. New York kicked off the new year in the traditional manner by offering a major series of Old Master paintings. Over US$32 million worth of property was sold, including US$lO.3466 words
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Article, Illustration1029 1988-01-23 13 SOH TIANG KENG - UNIT TRUSTS By SOH TIANG KENG THE STOCK MARKETS are still nursing their wounds from the October crash. But the advice to unit trust holders from British fund manager Francis Pike is: Don't panic. Hold on to your shares and think long-term. For potential1,029 words
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1353 1988-01-23 13 RAMESH CHANDIRAMANI - FOOD INDUSTRY By RAMESH CHANDIRAMANI NOT ALL SHARES turn out to be winners. Now that the market is showing signs of recovery, investors would do well to stick to good quality issues that have certain key attributes. These require the company to possess earnings1,353 words
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Article, Illustration438 1988-01-23 13 QBpif TO THOSE who are out of the game, the local stock market appears somewhat enigmatic. When the situation on other leading world markets turns nervous and prices start to fall, the Singapore market holds its own, and even goes against the trendSource: Chartamatic - 438 words
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Page 7 Advertisements
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Advertisement220 1988-01-23 7 Timeless values. These two exquisite watches, in the shape of peaches, are called «For China». The craftsmen of Geneva were renowned for their mastery of enamel and these watches are a triumph of their art. By their efforts the subtle gradations of colour found in the skin of the fruit220 words
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Page 8 Advertisements
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Advertisement809 1988-01-23 8 a* m T lake a gourmet tour of the Asean countries at the Cafe Plaza...onlysl2so. Enjoy the exotic cuisine of all six Asean countries at the Cafe Plaza. For only $12.50+ you can sample a wide variety of national favourites from .Malaysia, Thailand, the Philippines, Indonesia and Brunei, as well809 words
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Advertisement242 1988-01-23 8 ATASTEOF YUN^ (People's Republic of China) Seven of Yunnan's most famous chefs, all of whom have catered for top dignitaries will w 9 VM prepare 40 specialty dishes for itmjk you. '-JiA choice of four set k menus for tables B Mf of 10, plus one for 4 tables of242 words
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Page 9 Advertisements
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Advertisement300 1988-01-23 9 _'~^`]-">}'.,](:{/>>\>(?)}){{\[ .4 Sunday Bnjnch: A great family outing. If s a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad and cheese board300 words
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Advertisement136 1988-01-23 9 PALM 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 $36+ Closed on Sundays. Saturday dinner only. Westin Plaza, Ist Floor. For reservations, call 338 8585. ext. ***** or 330 8310. The Westin Plaza Raffles136 words
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Page 9 Miscellaneous
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Miscellaneous1027 1988-01-23 9 Saturday M BBC 88.9 mHz In VHF Band II 6AM World News 6.09 The World Today 6.2S A Letter from Northern Ireland 6.30 Financial News 6.40 Reflections 6.45 Sports Roundup 7.00 World News 7.00 Commentary 7.15 From the Weeklies 7.30 Multitrack 3 8.00 World News 6.09 News about Britain 8.151,027 words
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Page 10 Miscellaneous
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Miscellaneous1650 1988-01-23 10 Camille, Gremlins and Anne Frank The "biography" of author Jack London doesn't do much more than malign the Japanese in Jack London, a less than palatable drama of events in the man s life from his days as an oyster pirate in 1890 to his life as a war correspondent1,650 words
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Page 11 Advertisements
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Advertisement18 1988-01-23 11 PLAY GOLF THE SEV.V.Y WAY Tighten-up your game Let Sevvy Ballesteros show you how In BT every Tuesday.18 words
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Page 13 Advertisements
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Advertisement28 1988-01-23 13 BT welcomes Investment Ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim SeAg Road, S'pore 0923.28 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4264 1988-01-23 14 SHARE PRICES fell over a broad front to cloae marginally lower on lack of fol-low-through buying support and some nervous selling in fairly quiet trading. The market opened steady and rose marginally following the higher Tokyo stock market and steadier US dollar.4,264 words
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Article221 1988-01-23 14 SINGAPORE Rise* M WO +15 No, 553 *10 "!£"g» MO HUot S0( *5 +10 ,T0, 05 7 £—}U non 4141 -MSI r*" iTyi -4*77 -6*71 I-TvL 354 4 IT 0*V +******1 121*0*2 iri 144 4 ST In*—rt»t. ***** *04.*3 'Vr *7 4 STPMw ItWOl IW.W ST HMb221 words
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Article3711 1988-01-23 14 BID and offer prices ofTW-Ully Hated and Unliif in and reported to the Stock Exchange of Singapore yesterday with the .mmhw of share* traded shown ta brackets In lots of MOO units mkres otherwise specified. AH Time Settlement Contracts are quoted after the word "SETT".3,711 words
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Article58 1988-01-23 14 BATU KAWAN Berhad: 23rd AQM at Wisma Taiko, 1. Jalan S P Seenivasagam, Ipoh today at 12.30pm. MALAYAN BREWERIES Limited: 44th AGM at OCBC Centre. 19th Storey. Singapore 0104 on Tueaday, Jan 26, at 11am. UNITED MALAYAN FLOUR MILLS Berhatf: AGM at the Conference Room, Shan-gri-La Inn, Jalan58 words
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Article285 1988-01-23 14 Monogen' prices for Jon 23 25 Jopon Gr Fund SJtienton Thrift Fund 1 44 080 149 080 Singapore Unit Trust UOB Management Urn Kind 0 81 081 The Commerce 092 098 Unibond 0965 101 The Savings Fund 081 087 S pore Prog Fund 037 041 MARA-Bumipwtra S pore285 words
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COMPANY NEWS
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Article, Illustration500 1988-01-23 15 ROSIE TAN - By ROSIE TAN FIRST CAPITAL CORPORATION, whose chairman Allan Ng Poh Meng is facing a charge of insider trsding, has achieved a group pre-tax profit of $5.06 million for the year ended Dec 31. 1987. After a tax bill of500 words
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Article, Illustration570 1988-01-23 15 Asking price said to be around As6oo million AFTER MONTHS OF speculation, it has now been confirmed that negotiations are underway to sell the Southern Pacific Hotel Corporation (SPHC), owned by Mr Khoo Teck Puat. A decision on the sale is believed570 words
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Article373 1988-01-23 15 LARUT TIN FIELDS BHD has announced a group pre-tax loss of M 52.17 million (loss of M 53.15 million) on turnover of M 512.13 million (M 511.90 million) for the year ended March 31, 1987. Loss after tax and extraordinary items is M 51.36 million (loss of M373 words
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848 1988-01-23 15 NST AN IMPORTANT issue that remains unanswered in Seri AngKasa's unconditional cash offer to minority shareholders of Kamunting Tin Dredging (KTD) is whether the letter's application for an extension of the toll collection period for another six years will be approved by the Malaysian government.NST - 848 words
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Article446 1988-01-23 15 Currant El Books Oat* Total tor Total tor Wm,W dMa dOM payaMo the year last yeai A 1 S B 5%lbl Dk 18 Jon 7 Feb 8 5% 5% AMDI l%lbl Feb 2 Feb 16 Mor 17 1 2%lol Amol Steel 8%TEIbl D«c 2 Dec 16 Jon 30446 words
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330 1988-01-23 15 MBT SUBSTANTIAL shareholders of listed companies in Malaysia are nowadays more diligent in declaring changes to their shareholdings. Under Section 69F of the Companies Act, they are required to notify the company in writing within 14 days after the date of change.MBT - 330 words
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451 1988-01-23 15 MBT SIME DARBY will make deep tracks into the aerospace industry when it teams up with a leading US aircraft tyre manufacturer next week. The group, through subsidiary Dunlop Malaysia Industries, is expected to link up with the B FMBT - 451 words
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408 1988-01-23 15 Bernama ES PLANTATION-BASED Duff Bhd expects its financial results for the current year to improve further compared with the previous year, particularly in respect of volatility in crude palm oil prices, its chairman, General Tan Sri Ibrahim Ismail, said in hisBernama ES - 408 words
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Page 15 Advertisements
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Advertisement122 1988-01-23 15 V-, b W X 3 Seal pel ...scissors._sutures._ Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make122 words
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REGIONAL MARKETS
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432 1988-01-23 16 First step towards joint production of cars in China AP GENERAL MOTORS Corp and China's car industry corporation signed an agreement on Thursday on the sale of GM technology that GM officials said will be the first step towards joint production of cars inAP - 432 words
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160 1988-01-23 16 Reuter CITIZEN Watch Co Ltd and a subsidiary of Casio Computer Co Ltd will set up plants in South Korea to boost their production of watches for export to Europe and Asia, a spokesman said. "'The Citizen group will set up aReuter - 160 words
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Article82 1988-01-23 16 Reuter THE Tokyo Stock Exchange is considering launching trading in options on 10-year Japanese < government bond (JGB) futures < this year. 1 < This will be after it introduces 20-year JGB futures and Tokyo stock index futures contracts < about mid-year, security industry i sourcesReuter - 82 words
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207 1988-01-23 16 AP EASTMAN Kodak Co on Thursday introduced two new 35mm cameras to strengthen its position in a market it had abandoned for more than a decade. The company also unveiled revamped disposable cameras. The SIOOEF, a manual camera made in Hongkong and Japan, hasAP - 207 words
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272 1988-01-23 16 UPI JAPANESE car makers denied on Thursday s suggestion by a top Chryslar Corp executive that they were selling their cars in the US market for less than they cost to make. The president of Honda Motor Co Ltd saidUPI - 272 words
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3254 1988-01-23 16 SHARE prices on the Kuala Lumpur stock market finished steadier yesterday on bargain-hunting and shortcovering. 1 Except for a handful of stocks, most counters were traded within narrow margin. The 30-counter New Straits Times Industrial Ordinary Share Index closed aM442.96, up 15.22 points. The sharper3,254 words
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Article1437 1988-01-23 16 Hongkong SHARE PRICES on the Hongkong market cloeed higher yesterday after a day of see-saw trading, supported by slightly improved sentiment due to a steadier US dollar, brokers said. The Hang Seng Index ended the day 10.06 points higher at 2,422.38 after a strong opening and a1,437 words
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Article109 1988-01-23 16 jam a Kai ***** 280 Chatl Sugar Kangwon Ind Kia Motor ***** ***** -390 -200 ***** unch C*a*im Ind Daawoo Corp ***** ***** unch unch Koraa Long Tarm ***** 200 D*«woo Hwvy 0>WWn Sacurltiaa Oong Ah Phar Oong Suh Stock ***** ***** ***** ***** ***** ***** •100 -400 100109 words
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Article418 1988-01-23 16 Reuter SHARE pricM closed up in thin trade on selective buying of issues becked by promising corporate results, with investor sentiment boosted by a firm dollar, brokers said. "There is a focus on what is considered safer stock, such as pharmaceuticals. which have had good buainesa result# said MrReuter - 418 words
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Article442 1988-01-23 16 Reuter THE AUSTRALIAN share market closed barely steady yaatarday. following a aimllar roault on Wall Street ovarnight. with activity focuaad on tha major playara involved in tha BHP restructure Brokers said a 0.1 point fall in tha Dow Jonas to 1,879.3 kept local investors cautioua aa they selectively boughtReuter - 442 words
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Article137 1988-01-23 16 Reuter THE SECURITIES Exchange of Thailand Index rose 2.76 points to 318.80 yesterday on a turnover of 3,217,617 shares worth 357.01 million baht. JAN 23 BAHT *1Ayudhya Invwtnw Bangkok Aground mt 306 M unch -1 Bank Of Ayudhya Charoong Thai W tCabta 316 unch Ira bv^LM -05 East AsiaticReuter - 137 words
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Article237 1988-01-23 16 JAN 22 NT* 2 31 -0 07 Kotln Kuochan Dsv Laa Chang Yuan Cham IrxJu* 32.00 42 40 37.20 unch 00 00 00 unch -0 S Lian Hwa Indua 30 00 04 71 SO Nan Ya Plaa 56 00 Pacific Cona 56 50 Chang Loong SO 00 unch Pacific237 words
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Article65 1988-01-23 16 Mire pppff PclOI fMantMi Oriental B Phil 011 ***** -0 005 •0 0025 Anglo Phil OCKO MOCfi PMI«* B 0 56 unch Apex Mining B 0 0629 unch 2.5 PLOT 156 San Migu« B 1S1 -3 Bute Benguet Con B 001« 90 unch -5 -11 25 -0 04 Saafront65 words
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Page 16 Advertisements
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WORLD MARKETS
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Article1017 1988-01-23 17 New York Reuter WALL STREET stocks closed slightly higher on Thursday in a weak attempt to rally from Wednesday's 57-point selloff. But enthusiasm was tempered by a growing concern about the economy, which caused even good earnings reports to be viewed with scepticism, traders said. TheReuter - 1,017 words
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955 1988-01-23 17 London Reuter SHARES on the London market stood firmer almost across the board at the official 0900 GMT opening yesterday on a rethink of Thursday's record surge in UK sterling bank lending, and Wall Street s steadier performance overnight, dealers said. "Although the (bankReuter - 955 words
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Article1279 1988-01-23 17 HONGKONG All Industrials Hongkong Index Friday 2.0022 Thursday 1.9933 Friday .563.67 Week ago 1 968 1 Thursday 1.576 87 We«4 ago 1.587 37 NEW YORK Hang Song Index Dow Jones Friday 2.422 38 Thursday 1,879 31 Thursday 2.412.32 Wednesday 1,879 14 Weak ago 2.429 77 Week ago 1.*****1,279 words
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71 1988-01-23 17 NYT THE GENERAL Electric Co has reported that earnings climbed 18.9 per cent in the fourth quarter of 1987, buoyed by stronger performances by nearly all of its core businesses GE said that net income in the latest three months rose to US$BBBNYT - 71 words
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717 1988-01-23 17 NYT WHEN the A H Robins Co agreed on Tuesday afternoon to be acquired by the American Home Products Corp, there was a notable difference in how Robins's two other suitors took the news. Sanofi SA. the French drug company that thoughtNYT - 717 words
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Article, Illustration437 1988-01-23 17 AFP CORPORATE raiders Robert Holmes a Court and John Elliott have agreed to resign from the board of Australia's largest company, Broken Hill Proprietary Co Ltd (BHP), in an unexpected A 52.7 billion buyback to end a four-year takeoverAFP - 437 words
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250 1988-01-23 17 Reuter MERRILL Lynch and Co Inc and L F Rothschild Holdings Inc last Saturday ended discussions under which Merrill would have acquired a US$l5 million equity stake in Rothschild and separately have bought Rothschild's retail brokerage network, according to a WallReuter - 250 words
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Page 17 Advertisements
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Advertisement624 1988-01-23 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF COLOUR CARDS PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No.624 words
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Advertisement663 1988-01-23 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CENTRAL EDUCATIONAL PUBLICATION PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No.663 words
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Advertisement524 1988-01-23 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF SINGAPORE OFFSET PRINTING (PTE) LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No.524 words
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Article, Illustration503 1988-01-23 18 PATRICIA M SCHERSCHEL - Initiative to help the poorest members By PATRICIA M SCHERSCHEL Financial Editor THE HEAD of the International Monetary Fund yesterday emphasised the need for more flexible financing arrangements to help relieve the debt burden on Third World countries. "The IMF is embarking503 words
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225 1988-01-23 18 AP THE HIGH COURT in Hongkong yesterday ordered the forfeiture of bail totalling HK$2l million plus interest for two former bank officials believed to have absconded while facing fraud charge. Singaporean brothers Low Chung-Song, 50, former president of Ka Wah bank, andAP - 225 words
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294 1988-01-23 18 AFP CHINA HAS recently revised a military invasion plan on Taiwan to force the Nationalist-run island to reunite with the mainland, a China-watching magazine in Hongkong reported yesterday. The 'New Revised Strategy on Liberating Taiwan' was based on a blueprintAFP - 294 words
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148 1988-01-23 18 Reuter PRESIDENT Corazon Aquino yesterday repeated pledges to push through an ambitious land reform programme for the Philippines and put her family's rich sugar plantation on the block for redistribution. "I remain firm in my conviction that agrarian reform is the key toReuter - 148 words
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284 1988-01-23 18 RISING DEMAND and falling non-Opec supply should enable Opec to regain control of the oil market by the *****, according to Indonesian Energy Minister Subroto. "By the *****, conditions will be ripe for Opec to move back into the driver's seat," Mr284 words
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551 1988-01-23 18 AMY BALAN - By AMY BALAN THE SAME two arguments which failed to convince a lower Court 15 months ago to impose a lighter prison sentence on Peter Tham were yesterday raised again during an appeal hearing. Tham, former director of the now defunct551 words
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343 1988-01-23 18 ANNA TEO - By ANNA TEO THE DOZEN or so families still staying at Block 84, Cheng Hong Mansion, have been given up to next Thursday to move out. Ten days afffer serving an evacuation order on residents of the 52-unit block of private apartments, the343 words
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517 1988-01-23 18 MALAYSIA and Singapore have agreed to adopt a new approach fairer to both sidee in the supply of water to the island republic, Datuk Seri Dr Mahathir Mohamad disclosed yesterday. The Malaysian Premier said the agreement was reached in his517 words
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101 1988-01-23 18 Bernama DATUK SERI Dr Mahathir Mohamad said yesterday the lower value of the Malaysian ringgit against the Singapore dollar does not pose a problem for Malaysia. He said the question was whether or not Malaysia could still export, and a lower ringgit wouldBernama - 101 words
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Article93 1988-01-23 18 Reuter COMEX GOLD futures lost ground on selling against a firm dollar yesterday morning but the market was again lightly attended. February gold was off 2.00 at U*****.80 an ounce but held above the key support of U*****.00. Analysts said the commission houses were featured sellers,Reuter - 93 words
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LATE FILE
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47 1988-01-23 18 AFP AUSTRALIA has recognised Fiji, Cambodia and Afghanistan after modifying its foreign policy to extend diplomatic recognition to states instead of governments. Prime Minister Bob Hawfce said in Canberra yesterday the new policy would allow for greater flexibility in diplomatic ties. AFPAFP - 47 words
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65 1988-01-23 18 Reuter BRITAIN and Hongkong began a fourth round of talks yesterday on sharing the cost of defending the colony before it reverts to Chineee rule in 1997. A British defence team, led by Brian Cousins, an Assistant Under-Secretary in the Defence Ministry, met HKReuter - 65 words
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35 1988-01-23 18 AP THE NATIONAL Tax Administration Agency of Japan has appraised a square metre of land in the Ginza, a main Tokyo shopping district, at U*****,000, the highest in Japan. APAP - 35 words
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Article51 1988-01-23 18 Reuter CHINESE are being urged to break with ancient superstition and not rush to have babies in the reputedly lucky Year of the Dragon which begins next month. Chins Daily said yesterday that young couples were hurrying to marry in time to have a "dragon baby".Reuter - 51 words
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Article26 1988-01-23 18 AP VIETNAM'S leader Nguyen Van Linh said Hanoi was ready to negotiate better ties with other South-east Asian nations and China. APAP - 26 words
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35 1988-01-23 18 Reuter INDONESIA will stick to debt repayment schedules, visiting US Assistant Secretary of State Gaston Sigur and Mitsuhide Yamaguchi, chairman of Japan's Overseas Economic Cooperation Fund have been told. ReuterReuter - 35 words
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Page 18 Advertisements
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Advertisement81 1988-01-23 18 FASTEN YOUR seat belts. On Monday, Business Times' special Aerospace supplement cuts through cloudy techno-speak and misty public relations vagaries to bring you the plane facts. Read how air forces around the region are going about squeezing more out of tight defence budgets. Find out why French aerospace companies are81 words
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Advertisement185 1988-01-23 18 V-"- .a: US® M she ■jgamm *SL T, B .J--*rs M ,4 -«>' k I' £P 1 B?» V" Kr s?v *.&> v .> 1 i t-m vA Jf m< c" f V m ii fi- T» S& il w v» authorised dealers DAIMARU I SET AN ORCHARD ISETAN HAVE185 words
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