The Business Times, 6 February 1988
1988-02-06
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The Business Times
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Title Section12 1988-02-06 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, February 6-7, 19H8 75 CENTS12 words
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Article277 1988-02-06 1 Reuter Dow Jones higher WALL STREET inched higher yesterday in early trading. The Dow Industrials gained four points to 1927. Advances led declines two-to-one on volume of seven million shares. Footsie lower LONDON SHARES fell yesterday morning in dull trading. By midday, the Financial Times 30-industrial-share in'jexReuter - 277 words
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538 1988-02-06 1 MALAYSIA'S political leadership yesterday downplayed the seriousness of a High Court declaration that the United Malays National Organisation (Umno) was an illegal society, as analysts pondered the implications of the unprecedented court ruling. "The government will function as usual," Prime Minister Datuk Dr Mahathir538 words
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548 1988-02-06 1 CORRINA LIM - Multi-million tie-up at stake By CORRINA LIM FRASER NEAVE and subsidiary Malayan Breweries, substantial shareholders of Lion Corp of New Zealand, are opposing a proposed multi-million dollar merger of the NZ brewer with the country's largest retailer, L O Nathan Co548 words
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Article, Illustration113 1988-02-06 1 MAJOR ASIAN markets closed easier yesterday on lack of buying interest. In Singapore, overseas investors' concern over the political situation in Malaysia led to a slight early morning panic which eased off slightly later in the day. The Straits Times Industrial Index113 words
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532 1988-02-06 1 LISA LEE - By LISA LEE IN A SURPRISE MOVE, listed property and construction group Lum Chang Holdings has announced plans to buy the much-sought-after seat of failed stockbroking firm City Securities (Pte). The plan, a radical departure from Lum Chang's base in the construction, property532 words
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291 1988-02-06 1 AMY BALAN - By AMY BALAN FOLLOWING PRESSURE from its bankers, troubled coffee trader Teck Hock has consented to receivers and managers being appointed over its assets. Messrs Wong Tui San and Charles J T Nangle will control Teck Hock's assets but will not be291 words
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Page 1 Advertisements
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Advertisement239 1988-02-06 1 Nikon ,4 Tim NtorM'i ftNMt FhatointMt tfiHw mm AN INSTITUTE for Productivity Training (IPT) will be set up in April to handle all the training operations now undertaken by the National Productivity Board. HOME NEWS, Page 2 THE CONGRESSIONAL Budget Office says the White House economic outlook is too optimistic239 words
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Advertisement12 1988-02-06 1 Full report, Pag* 14 Regional markets, Pag* 16 World markets, Page 1712 words
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Advertisement308 1988-02-06 1 "=},-@@<'_<%~{[,{_"'?-'".<{&['? Isi^ClTuhL I I i 0 0 I I f m r fi G> '4 //y m si For those who have loved and loet, thta la fOMr atory Page 7 Get your qi going Page 9 It's a way-out meal Page 9 WttkMtf TV TV programmes for today and308 words
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HOME NEWS
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Article, Illustration383 1988-02-06 2 WILLIAM CHIA - By WILLIAM CHIA AN INSTITUTE for Productivity Training (IPT) will b« set up in April to handle all the training operations now undertaken by the National Productivity Board. NPB chairman, Mr Mah Bow Tan, told a certificate presentation ceremony at the NPB383 words
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Article216 1988-02-06 2 THE GOVERNMENT yesterday ticked off the Society of Hong Kong Publishers for voicing "strong disapproval" about Singapore's moves to restrict the circulation of four foreign publications. The society's concern over "any purported hindrance to the circulation of reading material in Singapore" was misplaced, said Mr Tao216 words
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Article, Illustration424 1988-02-06 2 ANNA TEO - By ANNA TEO RED ARM BANDS have surfaced at Esso Singapore as union and management are locked in another wage dispute. The pay row in the American oil company, which is caused partly by the quantum of proposed increment, is now before the Ministry424 words
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297 1988-02-06 2 LEADERS in the international transport and freight industry will converge in Singapore later this year for a major forum on transport opportunities in the Asian-Pacific region. The Pacific Transport, Freight and Distribution Conference and Exhibition, from June 20-23, is sponsored by the297 words
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Article44 1988-02-06 2 Friday. MR LEE HEE SENG, the managing director of the Overseas Union Bank, has been re-appointed to the Public Service Commission for another three years. According to the government gazette released last night, his appointment will take affect from nextFriday. - 44 words
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150 1988-02-06 2 SINGAPORE and Canada yesterday signed a memorandum of understanding formalising their revised bilateral air services agreement concluded from May 25-30, 1987. The Memorandum of Understanding, which forms part of the air agreement between the two governments, was signed by Mr Lim Hock San, the di-150 words
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412 1988-02-06 2 THE SINGAPORE Institute of Standards and Industrial Research has been appointed the inspection agent for its Saudi counterpart, a move which will be a boon to those exporters who sell to Saudi Arabia and the Middle East. The arrangement between the Singapore Institute412 words
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226 1988-02-06 2 COMPETITION in the housing loan market continues to heat up as another bank, this time a Brit-ish-baaed institution, drops its interest rates to match the reductions made by Credit POSB and Oversea-Chinese Banking Corporation. Effective yesterday. Standard Chartered Bank lowered its home loan rates226 words
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Article79 1988-02-06 2 AN ACCOUNTANT. Chia Meng Teck, has been suspended for six months after he was found guilty of gross negligence by the Singapore Society of Accountants in performing his duties The disciplinary committee, according to a government gazette last night, said he was guilty of two charges under Section79 words
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Article244 1988-02-06 2 THE SINGAPORE International Monetary Exchange (Simex) has waived certain clearing fees to encourage more participation by clearing members and individual traders or so-called locals. BT understands that the move was taken in a bid to further boost trading volume on the exchange. which reached a244 words
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Article, Illustration223 1988-02-06 2 DR DUNCAN CAMPBELL has been appointed technical director of Avimo Singapore Ltd. Dr Campbell, who has 17 years of working experience in the British Defence Ministry as well as in private enterprises, was formerly chief project engineer of Pilkington P E Ltd in the UK. He is223 words
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Article1151 1988-02-06 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival OepartM KEPPEL WHARVES And* Pe-donc *20 otongude 08 02 1530 April G>o<» *28 alongside Ok 02 800 Fengq.ng K3i o'ongvoe *****300 Mugh#v»r#n K2I otongside 07 02 7300 *o«o Nogo *13 oiongude 07® Ok® *o'o Stioii *31 oionguoe 0®06® Mor Sk.n.trs *161,151 words
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Page 2 Advertisements
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Advertisement10 1988-02-06 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day10 words
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Page 2 Miscellaneous
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Miscellaneous261 1988-02-06 2 City Mo/ Note rc> Adelaide 28/22 Cloudy Amsterdam 08/06 Clear Alhem 15/05 Cloudy •ahroin 18/15 Cloudy Bangkok 34/25 Sunny Barbados 24/— Cloor 03-04 Cloudy Beirut 14/08 Cloudy Belgrade 15/06 Cloar Berlin 08/04 Clear Bermuda 21/18 Cloudy Bonn 07/05 Cloudy Brisbane 28/17 Sumy Brussels 10/05 Cloudy Buenos Aires 25/16 Cloudy Cairo261 words
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OVERSEAS
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342 1988-02-06 3 Reuter JAPAN posted a deficit for its first 20-day trade in January but government officials and economists cautioned that the figures do not indicate a trend. "The figures are not as significant as may seem,'' said Kleinwort Benson International Inc economistReuter - 342 words
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203 1988-02-06 3 Reuter AMERICAN and Japanese officials will vent their growing mutual irritation in Washington talks next week over demands by American makers of microchips for better access to Japan's market. Japanese trade officials are bridling at continued US charges that Tokyo hasReuter - 203 words
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292 1988-02-06 3 Reuter SHANGHAI plans to offer a plot of land by international tender for the first time since 1949. in a first step towards earning money from China's real estate. Jiang Rugao. director of the city's Land Administration Bureau, said in an interviewReuter - 292 words
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218 1988-02-06 3 Reuter THE EUROPEAN Community on Thursday published a timetable for opening up its market in advanced telecommunications. The timetable is part of a five-year plan to help EC firms win a leading role in an expanding world telecommunications market now estimated to be worthReuter - 218 words
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266 1988-02-06 3 AFP Reuter INDONESIAN Foreign Minister Mochtar Kusumaatmadja arrived in Moscow on Thursday on an official two-day visit and denied that he would fly from Moscow to Beijing, where according to a Malaysian official he would meet Prince Norodom Sihanouk to discuss Cambodia. OnAFP; Reuter - 266 words
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Article978 1988-02-06 3 ARRIVALS i Operator Sorvic* Local From number Hm* OA OA471 0015 ATH su SOU 0115 LAX/NRT UA UA805 0120 SFO/HKG i MAS MH619 0125 KUL CAl 0333 0405 TPt SU SQ41 0610 MAA MK MK746 0725 MRU i MAS MH601 0730 KUL <• SU SQ491 0755 IWN978 words
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188 1988-02-06 3 AFP JAPANESE car manufacturers are expected to boost imports of parts by 20 per cent from a year earlier to more than US$2 billion in calendar 1988, industrial sources said in Tokyo on Thursday. Nissan Motor Corp. the sec-ond-largest manufacturer which beganAFP - 188 words
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273 1988-02-06 3 Reuter THE CONGRESSIONAL Budget Office, a bipartisan arm of the US Congress, said on Thursday that the White House economic outlook was too optimistic and that the 1988 federal budget deficit would be higher than predicted. In testimony prepared for the Senate Budget Committee.Reuter - 273 words
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294 1988-02-06 3 AP AMERICAN car manufacturers, encouraged by the US administration, are trying to prepare a major trade action accusing Japanese companies of illegally "dumping" vehicles by maintaining prices at artificially low levels. according to industry and government officials. They said in Washington on Thursday thatAP - 294 words
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Article82 1988-02-06 3 Reuter TAIWAN closed down its embassy in Uruguay on Thursday, a day after the South American country severed ties with Taipei and established diplomatic relations with China. The change in relations "is an action of ingratitude The consequences of which the Uruguayan government will haveReuter - 82 words
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315 1988-02-06 3 Reuter TAIWAN will implement tariff cuts on more than 3,500 foreign products by next week as part of a five-year drive to reduce its trade surplus, according to a senior government official. Taiwan's surging trade surplus has sparked complaints from theReuter - 315 words
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Page 3 Advertisements
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Advertisement60 1988-02-06 3 I M I I A m I The business person's chotce every I I II I I ll II I Tuesday, Thursday. Saturday and Sunday I M Ml I 9% t\ Al Leaving Changi Airport at 22 05 I -IV. -XJ- hours and arriving Heathrow early the following morning. Cal(60 words
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Advertisement14 1988-02-06 3 L ce r mi PARIS ■TM Lancel Boutique: 435 Orchard Rood, #02-28/31 Wisma Atria.14 words
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BANKING AND FINANCE
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709 1988-02-06 4 Reuter BUSINESSMEN worried by the power of the big, wealthy Japanese banks will not be consoled to hear they may be growing even larger. Mergers and acquisitions among Japanese banks are just a matter of time and will help them secure an even strongerReuter - 709 words
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Article81 1988-02-06 4 Reuter THAILAND will sign an agreement next week with a group of 24 foreign banks for a short-term loan facility for up to US$3OO million over a five-year period, a Thai Finance Ministry official said. The facility will be used to refinance outstanding high-cost government loans.Reuter - 81 words
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213 1988-02-06 4 Reuter THE state-owned Development Bank of the Philippines (DBP) turned in net income of 765 million pesos in 1987 versus losses of 2.63 billion pesos in 1986 and 6.88 billion pesos in 1985, chairman Jesus Estanislao told a press conference in Manila on Thursday. HeReuter - 213 words
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326 1988-02-06 4 Reuter THE recent talks between US Treasury Secretary James Baker and West German Finance Minister Gerhard Stoltenberg were meant to show financial markets that international economic affairs were now on a stable footing, diplomatic sources said. This attempt at stability is in sharp contrastReuter - 326 words
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171 1988-02-06 4 AP ECONOMISTS representing US banks took the unusual step on Thursday of cautioning the Federal Reserve Board against easing credit at this time, claiming such a move is not needed to avoid a recession. Despite recent conflicting economic data, a recessionAP - 171 words
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Article, Illustration173 1988-02-06 4 Indicates the overage of ttx mima linrflnri nia> of 12 mafor benks In S'pove IntortM ink market r (olfor/bkf) on M > S us$ DM SWFC Y«n 7 4my* 13/14 11/1* i/a 3/3 3 1/4 1/3 J/4 3/3 3 3/1—1/1 1 13/14 11/14 13/14 13/14 3 3/14173 words
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Article53 1988-02-06 4 THE OVERNIGHT rata on the Singapore interbank market remained un- changed at 3% per cent The term rates were aleo unchanged acroes the board. S$ Into rotos ot 12 noon yo®loC" doyt OffOt K> TSLn 3-am* 13/1 3 3/U 3 3/1* 3 3/1* 3 1/4 3 1/1* 353 words
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Article86 1988-02-06 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MD Ofm MCH LOW 3 month* RQ*****N 05.5.88 2.97 2.92 7.95 2.92 6 iwnHtii BT*****S 30.6.88 2.99 2.94 2.99 2.99 1 y*ar •Y*****T 24.11.88 3.00 2.95 2.99 2.95 Government notes end bonds Period Issue Maturity Coupon Yesterday's dosing86 words
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COMMODITIES
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Article432 1988-02-06 4 Crude palm oil futures, on the KLCE closed higher yesterday in moderately active trading. Dealers said although there was no new factor to influence market condition, prices were very defensive throughout the day. Spot month February and March gained Msls each to M 51,043 and M 51,035 a432 words
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Article230 1988-02-06 4 SOYBEAN FUTURES on the Chicago Board of Trade rallied late to close eight to 6% US cents higher on Thursday, slightly off session highs. March settled eight cents higher at US$6.ll a bushel. Local and commission house buying boosted prices on the close after March moved through resistance at230 words
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Article211 1988-02-06 4 WHEAT FUTURES on the Chicago Board of Trade closed 5% to four US cents higher on Thursday as prices rallied late in sympathy with a jump in corn and soybean futures. March settled 5% cents higher at U553.34% a bushel. Prices extended midsession gains as local and commissioh house211 words
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Article266 1988-02-06 4 HONGKONG: The metal closed higher yesterday but off its earlier peaks. Japanese buying earlier pushed bullion up to U*****.50/448.00 an ounce but prices ended lower at U*****.65/447.15 compared with New York's U*****.90/445.50. On the local market, gold rose HK$7O to HK54,179 a tael from Thursday s close. Coins266 words
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Article245 1988-02-06 4 Chinese Produce (USS/tomo, FOB) Exchenge White Rice Sol ton' noon doting prfci n on 100% 1« dou 355 fob 5 (SS/100 kg) 100% 2nd dots 320 Coconut oil 100% 3rd don 315 kft FOB 1 20.00 5% 310 Old drum FOB 130.00 '0% 305 Now drum FOB 134.00245 words
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Article308 1988-02-06 4 LCE C (9388 Buyer Seller closing prices on Fob 4 (£/tonno union specified) Previous closing prlcos in parenthesis. Coffee Basis in-storo London, sotlors option Clf London Mor 1210/1211 (1215/1217) High/Low 1223/1207 May 1233/1234 (1240/1242) High/Low 1250/1230 Solos (3094) Raw No 6 OF 222.00 (230.00) No 6 FOB 189.00308 words
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Article256 1988-02-06 4 SMQAPORC The market cloesd higher yesterdey with March One RSS buyers quoted at 218.00 cents a kg. up two cents from Thursdey's close. The market wes slightly higher at the outset and prices roee further in subsequent quiet trading on some short-covering interact in nearby and forward positions but256 words
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Article225 1988-02-06 4 RAS prices mt« »«ta/k*F0 total* B NOON aosc bit 1 RSS Prompt OKijwn 221.00 222.00N WJW8 221 JO 222J0N km 1 RSS Mar M 217 JO 218.00 21«*0 218 JO b# 1 RSS Apr 88 216.75 217.25 217.25 217.75 Int 2 RSS Of 215J0 217J0N 216.00 *****N225 words
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Article84 1988-02-06 4 t f pal MARCH 1988 APWL 1988 1 f nrnuu .H RA8 (currant nonlh) NOON irorwora mofwiv NOON lyytn Safen lwy«r> liiin SSt 20 213.00 215.00N 21X00 21 SOON SSI 50 211 JO 213. SON 211-50 213J0N MRELB Bvr*ri S»>»n Mm SM« CV 273.SO 275J0N 274.50 276JPN84 words
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Article107 1988-02-06 4 THE PMC* 1 Mi on «M Kuala Lumpur Tin Mwtet doeed three cento lower at mi 7.1 S a kg in guitar trading yesterday. lack of alrong eupport at the higher levele. Although turnover tell to VI townee from 103 on Thureconttnuod eaiee by nim Hew Year. Scattered107 words
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105 1988-02-06 4 Reuter COURT HEARINGS of appeals by International Tin Council creditors over rulings in their direct actions against the Council's member governments are taking longer than expected, according to legal sources in London. This means that hearings of a further set of appeals. originally scheduledReuter - 105 words
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Page 4 Advertisements
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Advertisement6 1988-02-06 4 Yostorday's oil quotas win not avaltaMs.6 words
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MONEY AND EXCHANGES
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Article1592 1988-02-06 5 CURRENCY FUTURES OPTIONS h Friday, Fat wwory 5 1900 DEUTtCHEMARK (OMEX) 1 t 1 Pi t S ft a ••8* liv Bad Man Law Saa 55 430 CA4 5* 350 CAB -57 2504 250 CAB -|S8 1504 ISO CAB 59 534 52 i 1 1 '*0 CA4 S1A 511,592 words
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Article1452 1988-02-06 5 SINGAPORE: The US dollar closed firmer yesterday against most major currencies but was below the day's highs after a day of moderate trading. The dollar started on a slightly higher note. It then rose in early afternoon trading on short-covering helped by Japanese Finance Minister Kiichi Miyazawa s1,452 words
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Article94 1988-02-06 5 I CIIhai WIIWW r futuroo on Fob 4 5.000 Hoy ouncM. US e arts par troy oira Of*. M* Lav MM Fab *39 JO 740 Mar 639 00 *4X00 7 JO 640.30 6-TH 1ft *4*J0 7J0 may *47.00 *J)J0 Ml ftp *31-40 7 JO M IHiOO *000094 words
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Article575 1988-02-06 5 EURODOLLAR futures yesterday opened slightly weaker than the previous closing level following the weaker-than-expected demand for the final leg of the US Treasury refunding package. After opening one tick lower at 93.02. March Eurodollar drifted lower to the low of 92.99 from the high of 93.03 in nervous trading575 words
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Article336 1988-02-06 5 ASIAN DOLLAR deposit rate® closed little changed from opening levels, in quiet trading in the afternoon yaaterday. dealers said. They said most operator* were sidelined in ths afternoon due to s general lack of interest The market was waiting for the release of US January unemployment rate336 words
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Page 5 Advertisements
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Advertisement11 1988-02-06 5 IB fIANQUE INI XDSUEZ 3 Shenton W,!y. Shenton House. Singapore 010611 words
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Advertisement148 1988-02-06 5 Le MERIDIEN SINGAPOUR and AIR CANADA present m i BRUNO LAPLANTE BRIGTTTE TOULON IN CONCERT 12 February, 9.30pm Margaux Ballroom Bruno Laplante has toured extensively around the world, performing in roles as Pel leas, Orpheus, Aeneas (Dido and Aeneas), Figaro (Barber of Seville) and Papageno (The Magic Flute) and has148 words
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PERSPECTIVE
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Article440 1988-02-06 6 YOHJI YAMAMOTO, one of Japan's most aggressive dress designers, has cryptically declared that heterosexual men who design clothes for women work under strong limitations. "For men who are not homosexual, women are a mystery and not understandable. So for a man to design clothes for someone he440 words
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Article, Illustration759 1988-02-06 6 DAVID DODWELL - With a fine record of success behind it, Hongkong's toy industry has suddenly started worrying about lean times coming. DAVID DODWELL reports on the chill wind brought by falling US demand for the territory's toys. DAVID DODWELL FT IN 1984, it wasFT - 759 words
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Article777 1988-02-06 6 MIKE ZWERIN - By MIKE ZWERIN IHT YEA AND NAY-SAYERS agree there will probably be DAT in our future. Last month, GRP Records announced that it would be the first to market pre-recorded digital audio tape (DAT) cassettes outside Japan, through its subsidiary in Zurich. So DATIHT - 777 words
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419 1988-02-06 6 NG KEAT SENG - Letters to Hie Editor NG KEAT SENG Dear Sir We refer to the letter by Sidney C Rolt in last weekend's edition of BT. The first point on the use of the tax deducted from dividends received by a corporate shareholder to frank dividends419 words
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231 1988-02-06 6 NG KEAT SENG - how provisions of the section will be implemented NG KEAT SENG inssrvo nvvvrnli Dear Sir "Concerned Taxpayer" (BT Jan 23-24) wants clarification on how the provisions of Section 44 of the Income Tax Act, as amended, will be implemented. As the amendment clearly provides that the provisions of Section 44,231 words
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185 1988-02-06 6 H H Peh - H H Peh 453, River Valley Heed Wwgapoie 10M Dmt Sir, I read with interest the recent letter by a concerned shareholder regarding Rotation of Auditors' published in the Jan 23/24 weekend edition of Business Times. As a concerned shareholder myself, I fully support185 words
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255 1988-02-06 6 G F Carlow - G F Carlow BrlPe* Ami Hum Tcttnt Company (S) Ltd Dear Sir I refer to the recent reports in the Jan 21 and Feb 2 editions of your newspaper on the introduction of our new ultra slim cigarette Capri. British-American Tobacco Company (S)255 words
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170 1988-02-06 6 Jeanne Cheng (Mrs - Jeanne Cheng (Mrs) Heed (Preea/PutoUclty) Singapore Broadcasting Corporation Dear Sir We refer to the letter from Mr DW Oistant on the graphic representation of the changes in the Singapore stocks ST Index (BT Jan 16). The graph on SBCText page 256 is generated170 words
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Page 6 Advertisements
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Advertisement42 1988-02-06 6 BT wtlcomM lattar* from readtra. Your lattara must indudo your signature, full nama, addraaa, and home and offica talaphooa numbara, H any. You may add a paaudonym, if youi Addroaa your lattora to: Ttio Editor. Wmloooa Timaa, 390, Kim Songltoad, Sinoaooro OK3.42 words
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Page 6 Miscellaneous
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Miscellaneous736 1988-02-06 6 CRYPTIC PUZZLE ACROSS 9 The complaint about the toast is just too much! (1.3.5) 10 Is it insufficient for tea? (9) 12 It's a non-alcoholic drink, officer (4) 13 Figure it should get let out a bit (6) 14 "A previous title," I returned (7) 15 Refuses to play and736 words
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Executive Lifestyle
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Article, Illustration1556 1988-02-06 7 JAIME LYE - By JAIME LYE .IN LOVE, are you? Great. It's a wonderful feeling, isn't it? And you're celebrating Valentine s Day where? In his apartment where he's cooked dinner and -hired a trio of wandering minstrels for entertainment? Oh, go read something else. This storyPhoto by ARTHUR LEE - 1,556 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration673 1988-02-06 8 JAIME LYE - VALENTINE'S DA Y By JAIME LYE WE RE NOT KILLJOYS. We think it's great if you've got someone to share Valentines Day with. Love is a very special feeling, and we don t doubt it. We fully recommend it. It's nice if you're stillPicture by courtesy of Marco Polo - 673 words
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Article, Illustration851 1988-02-06 9 THE FOOD TEAM - FOOD By THE FOOD TEAM IT'S ANOTHER fishy tale from the Food Team table served with relish from the ulus of Singapore, or to be more precise. 59. Lorong Chuntun, off Lorong Gambas, north of Mandai. In a country of seafood lovers, Ng Tiong Choon Seafood851 words
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Article, Illustration372 1988-02-06 9 BUBBLE, bubble, boil and bobble. The Malacca Satay Celop treat now on at the York Hotel's White Rose Cafe is a chance to remember what it was like eating fondue Singapore style, at roadside stalls. Satay Celop is a takeoff from another Asian favourite372 words
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Article, Illustration798 1988-02-06 9 ZHOU MEI - HEALTH By ZHOU MEI QIGONG has hit Singapore's housing estates in a big way. But qigong for the retirees, the homemakers and just about anyone who cares to practise it? This is mind-boggling to some. To them, qigong evokes visions of798 words
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Article, Illustration972 1988-02-06 10 MONICA GWEE - MEN By MONICA GWEE OH. MY FUNNY Valentine, can we forget Feb 14? Last year, throngs of people who never thought of making reservations waited valiantly for dining space at hotels and restaurants. Roses went up 200 per cent in price per stalk,972 words
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Article, Illustration755 1988-02-06 10 CHUANG PECK MING - BOOKS By CHUANG PECK MING Title: Presumed Innocent. Author: Scott Turow. Pages: 431. Price: $$39 Publisher: Farrar Straus Giroux, New York. LAWYERS will love this book, already praised as the most brilliant novel about lawyers and the law to appear in many years. Written by a755 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration1108 1988-02-06 11 JEFFREY TSANG - MOTORING By JEFFREY TSANG HISTORY HAS a strange way of going round in circles. Before the *****, no self-respecting Singaporean would be caught dead in a Japanese car; not due to any nationalistic hatred or anything but just the effects of our colonial roots and1,108 words
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Article, Illustration422 1988-02-06 11 LISA LEE - DANCE By LISA LEE RUSSIAN BALLET troupes seem to be coming out from behind the Iron Curtain and flying eastwards more often if the current crop of groups are anything to go by. After the Leningrad State Ballet's performance, the Minsk Bolshoi Ballet will stage422 words
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Article537 1988-02-06 11 FILM FESTIVALS: Italian Film Retroapectlve La Notte Di San Lorenzo (The Night of the Shooting Stars). Feb 8 (6.30pm) and Feb 13 (9pm). RELC Auditorium. A sensitivelycrafted war film set in the Tuscan village of San Martino during the summer of 1944. Admission free Un Uomo Da Bruclara (A537 words
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Article327 1988-02-06 11 "I LIKE MONEY. I would go into any business that can make money." A common enough attitude, but made uncommon by the person who uttered it Mr Kong Deyong, the 77th direct descendant of "the ultimate sage and teacher'' of China, Confucius. Here for the Aerospace327 words
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Executive Lifestyle: Sports
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Article, Illustration351 1988-02-06 12 WALTON MORAIS - BOWLING By WALTON MORAIS UPCOMING BOWLING CENTRE, Superßowl, yesterday signed a $3 million deal with distributors AMF which its management says is probably the largest bowling contract signed in Singapore. The deal is for the supply of bowling equipment, including the AccuTrac computer system, which Superßowl's351 words
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Article, Illustration613 1988-02-06 12 BASKETBALL UPI SCHEDULED between the Super Bowl and the winter Olympics, the National Basketball Association (NBA) will put its 38th All-Star game on display tomorrow before an international audience of its own. The mid-season dance between the top players in the Eastern Conference and thoseUPI - 613 words
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308 1988-02-06 12 BOXING AP FORMER HEAVYWEIGHT champion George Foreman, who has scored six straight knockouts since returning to the ring nearly a year ago, was tc continue his methodical comeback yesterday when he was scheduled to meet Italian heavyweight champion Guido Trane in a scheduled 10roundAP - 308 words
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Article348 1988-02-06 12 BASEBALL UPI MICKEY MANTLE settled an old sports argument on Thursday. Standing in his.new bar and restaurant, the famed Yankee switch-hitter grinned at a question that used to fill hundreds of watering holes who was better, Mantle or Mays? "At times, I was," Mantle said.UPI - 348 words
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Article588 1988-02-06 12 FOOTBALL AFP A MINUTE'S silence will be observed at Old Trafford in Manchester, England, today in a simple but eloquent tribute to The Team Who Wouldn't Die.' Exactly 30 years ago, just before five minutes past three, a BEA twin-engine Elizabethan aircraft crashed in slushAFP - 588 words
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320 1988-02-06 12 ATHLETICS AP LEGENDARY DISTANCE RUNNERS Bill Rodgers, Frank Shorter and Lasse Viren will compete in the Los Angeles marathon on March 6. Organisers said yesterday that among others entered in the third running of the event will be NewAP - 320 words
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Article195 1988-02-06 12 TENNIS Reuter AMERICAN tennis star John McEnroe said on Thursday that a persistent back injury could force him to retire from competition later this year. "I think I'll be able to play, but if four to five months down the line it's not better I won'tReuter - 195 words
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Article, Illustration402 1988-02-06 12 GOLF AP JIM BOOROS, who had to requalify for the PGA Tour last year, finished off a 67 with birdies on the last three holes on Thursday to earn a share of the first-round lead in the US$7OO,OOO Pebble Beach National Pro-AM in California. "IAP - 402 words
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292 1988-02-06 12 SKATING AP TWO OF THE WORLD'S top male speed skaters will skip this weekend s World Sprint Championships, an event that American skaters hope will be a springboard for the Calgary Olympics. Defending world sprint champion Akira Kuroiwa of Japan and the SovietAP - 292 words
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Article, Illustration745 1988-02-06 12 MIKE THUMBA - BRIDGE by MIKE THUMBA WE WILL CONTINUE to address this column to the average or intermediate players with some thought-provoking hands. This week I have taken two hands from the 1986 Epson World Bridge Championship Handbook. The examples deal mainly with opening leads. Let's745 words
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Executive Lifestyle: Personal Investment
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Article, Illustration991 1988-02-06 13 Ramesh Chandiramani - PRECIOUS METALS by Ramesh Chandiramani GOLD is proving to be a major disappointment for many investors. Just when expectations are running high that a net shift of funds into the yellow metal will result as investors flee plunging stock markets, gold flops. Much to the991 words
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578 1988-02-06 13 Reuter GOLD LOANS, which allow producers to sell gold borrowed from banks against their future output, have been a catalyst for the fall in gold prices, according to London analysts. Heavy selling pushed London bullion prices to a seven-month closing lowReuter - 578 words
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Article, Illustration669 1988-02-06 13 RAMESH CHANDIRAMANI - Fuller declares the dollar's bear market is over CURRENCIES By RAMESH CHANDIRAMANI MANY currency market commentators are probably shrugging off the current bout of US dollar stability as just another technical respite in an ongoing bear market. But, David Fuller, the London-based chartist, thinks otherwise. He states unequivocably that the669 words
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202 1988-02-06 13 but some Asian chartists think otherwise Reuter ASIAN CURRENCY chartists predict tough times ahead for the US dollar this year. Currency specialists do not customarily use charts as a forecasting tool, thinking that economic fundamentals and international monetary policy have more influence than investor psychology. However, "anybody who deals needsReuter - 202 words
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Article, Illustration883 1988-02-06 13 Rameah Chandiramani - By Rameah Chandiramani IN MOST INSTANCES during the past three years, times of US dollar stability have meant that currencies such as the British pound and Australian, New Zealand and Canadian dollars tended to benefit the most. Good-sized currency gains would be883 words
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Article, Illustration408 1988-02-06 13 (?|§ro RC LAST WEEK, this columnist sounded a more cautionary note in assessing the short-term trend of the Singapore market. Its muted performance in the face of a rising Wall Street market and a slight deterioration of its technical posture led to the conclusion thatRC; Source: Chartamatic - 408 words
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Page 7 Advertisements
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Advertisement19 1988-02-06 7 FOR THE CARD THAT COULD BE FREE WHEN YOU RENEW IT, CALL 532 3577 l'S i CHASE CLASSIC VISA19 words
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Advertisement216 1988-02-06 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 fruit216 words
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Page 8 Advertisements
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Advertisement244 1988-02-06 8 4 COURyOISIERXO-Where to eat, drink... Herald the Year of the Dragon with these exciting activities on Lunar New Year's Eve Reunion dinner at Meisan Szechuan Restaurant from $390 to $888, inclusive of a bottle of Dynasty wine or Remy Martin XO. Meisan will be closed on Feb 17. Early Dragon244 words
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Advertisement127 1988-02-06 8 EAST MEETS WEST Daily Buffet at the Dondang Sayang Ajffc-l n Lv'\ i. Enjoy the best of both worlds, 'Eost Meets West' doily buffet. Salads, cold cuts, roosts... curries, satay, noodles and many more dishes you will find irresistable. Coffee or tea is included to complement the meal. Lunch Noon127 words
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Advertisement150 1988-02-06 8 UNIQUELY HYATT Brannigan's is a pub unlike others it specialises in tun! Cocktails, snocks. Sunday jazz jam sessions and pub games from the world over, await you in the basement of the Hyatt. Opening hours: 11.00 am to 1.00 am No ties, please 4 V I TW < *1 V150 words
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Advertisement255 1988-02-06 8 Special Thai Sh*w. You can now SSSa-fifi?-c many more. Plus special Thai Desserts at only $250 per person. Available luns^j For reservation, call *****11' Plaza Hotel srr m A day to remember Make it a memorable and romantic evening with your lowed ones at Hotel Grand Central whereby you could255 words
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Advertisement160 1988-02-06 8 *+> Austrian Fest From the land erf' 'The Sound of Music'' comes another art form delicious food like Wienerschnitzel. Fiaker goulash, Paprika Chicken, sausages, salads, apple strudel, Sacher Cake. Emperor's pancakes and much, much more! At $31 for adults and $15 for children, we're sure you'll enjoy the feast as160 words
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Page 9 Advertisements
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Advertisement481 1988-02-06 9 and entertain 4 35 Sunday Brunch: 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 and481 words
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Page 9 Miscellaneous
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Miscellaneous1035 1988-02-06 9 Saturday BBC M.9 mHz in VHF Band II 6AM World News 6.09 The World Today 6.25 A Letter from Northern Ireland 6.30 Financial News 6.40 Reflections 6.45 Sports Roundup 7.00 World News 7.00 Commentary 7.16 From the Weeklies 7.30 Multitrack 3 6.00 World News 6.00 News about Britain 6.15 Radio1,035 words
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Page 10 Miscellaneous
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Miscellaneous1457 1988-02-06 10 Autumn love, Alcatraz and the IRA Movies A MYSTERY WRITER caught in a murder plot straight out of one of her bestsellers tries to prove her innocence in A Talent for Murder. One of America's most successful and celebrated "whodunit" novelists, now wheelchair-bound and in her literary twilight, fights to1,457 words
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Page 11 Advertisements
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Advertisement320 1988-02-06 11 M anagers ust anage BT shows you how every Monday. Do you have the stomach Most executives are very good about taking care of their investments. Of the financial kind that is. But when it comes to their health, they fall short. Let's face it. When was the last time320 words
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Page 13 Advertisements
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Advertisement28 1988-02-06 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 Seng Road, Singapore 0923.28 words
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Advertisement13 1988-02-06 13 The Art Trado column has bttn held over due to pressure on ipict.13 words
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Advertisement217 1988-02-06 13 NOTICES Fi?lf if i:| THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF MUN YEW LEE TRADING (PTE.) LtD. (In Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. 50 that the FINAL MEETING of the members of the Company will217 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4198 1988-02-06 14 UNCERTAINTY OVER the political situation in Malaysia took precedence over other factors yesterday on the Singapore stockmarket and led share prices to fall further across a broad front in the last trading day of the week. Market sentiment was uneasy at the outset when4,198 words
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Article238 1988-02-06 14 Rises *Tf 40 Prima 492 T H 23* b<« SO* 316 M to r oi 1 io Falls Ate* Htd9> S0( 170 M lrt«ri*i 830 0 I S 943 loDnan Mlio 363 Mtcapa 426 HarrMom Miio 330 TrocMn 326 Swn*h» AIM 140 M loong Hn 240 S238 words
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Article3415 1988-02-06 14 BID and offer prices officially listed and business in and" reported to the Stock Exchange of Singapore yesterday with the number at shares traded shown in brackets in tots of MOO units unless otherwise specified. SECTION ONE MDOSTRIAL COMMERCIAL Acmo 11.11 B I 13 Si3,415 words
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Article206 1988-02-06 14 MALAYA TIN PRINTING COMPANY Limited: EGM at WTC Convention Centre, Conference Hall 2, 11th Floor, World Trade Centre. (Use Lift Lobby C or D). 1 Maritime Square, Singapore 0409, today at 11am. DUFF Berhad: 15th AGM at No.21 23, Jalan Hussein, ***** Ipoh, Perak on Monday, Feb 8.206 words
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Page 14 Advertisements
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COMPANY NEWS
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346 1988-02-06 15 Bernama ES AMALGAMATED STEEL Mills Bhd (ASM) has taken over another 27 outlets of the Emporium and Supermarket Holdings Bhd (ESHB) group which went into receivership last year. This followed the completion on Jan 15 of the various agreements pertaining to the saleBernama ES - 346 words
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Article, Illustration734 1988-02-06 15 CORRINA LIM - By CORRINA LIM INVESTORS ushered in January with much zest, pushing the leading market index easily above the ST9OO mark for the first time since the October crash. But it was also734 words
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Article, Illustration767 1988-02-06 15 Reuter FOREIGN INVESTORS who only a few months ago were rating the Tokyo Stock Exchange as among the world's riskiest are now pumping more money into it than they are taking out. Brokers said statistics expected to be released yesterday are likely toReuter - 767 words
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163 1988-02-06 15 HONG FOK Corporation shares will be relisted on the Stock Exchange of Singapore from Feb 10 after a one-and-a-half year absence. The property group applied for a relisting last August, not long after it finalised a $55 million debt restructuring agreement163 words
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Article, Illustration708 1988-02-06 15 AMY BALAN - By AMY BALAN SHAREHOLDERS of Malaya Tin Printing are digging in for a long-drawn-out extraordinary general meeting today, possibly similar to the nine-hour marathon EGM of Bon vests Holdings Ltd last November. The company's bankers too will be keeping a close watch708 words
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336 1988-02-06 15 BRITISH GIANT battery maker Chloride Group PLC, which had earlier planned to float off a subsidiary on the local bourse, has opted instead to privately place out its quartershare in Chloride Eastern Industries Pte Ltd (CEIL) through two Singapore-based financial institutions. Chloride,336 words
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163 1988-02-06 15 AFP TAIWAN'S Securities and Exchange Commission (SEC) has completed drafting standards which, analysts say, dash the hopes of foreign stockbrokers who were planning to set up branch offices in Taipei. The standards were drafted based on Taiwan's newlyrevised securities laws which abolished a 15-yearAFP - 163 words
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Page 15 Advertisements
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Advertisement156 1988-02-06 15 NOTICE Notice Proposal To Change A Ship's Nam Notice Is hereby riven that Id consequence of the intended purchase of s ship by oar clients, Sespolnt Shipping Pte. Ltd., we have applied to the Director of Marine onder Section 386 of the Merchant Shipping Act (Cap. 179) In respect of156 words
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REGIONAL MARKETS
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489 1988-02-06 16 Reuter THE 443-share second section of the Tokyo stock market has been enjoying a trade boom, with its index posting its twelfth consecutive gain on Thursday. The second section consists of stocks of companies with small- to medium-sized capitalisation. While this sectionReuter - 489 words
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109 1988-02-06 16 Reuter TOKYO brokers said yesterday they had been told by their industry's regulatory body, tha Securities Dealers' Association, to avoid women customers. The directive was sent to Japan's major securities companies about two weeks ago by the association and one broker said "AllReuter - 109 words
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3285 1988-02-06 16 SHARE PRICES weakened further on the Kuala Lumpur stock market yesterday in comparatively heavy business volume with blue chips and higher-priced issues leading the losers. Singapore-based counters also bore the brunt of sellers as well to close with double-digit retreats. The market3,285 words
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Article1335 1988-02-06 16 Hongkong PRICES on the Hongkong market cioeed marginally lower yesterday and turnover shrank to an eight month low in overwhelmingly bearish sentiment, brokers said. The Hang Seng Index ended the day 2.72 points lower at 2.292.50 with a total turnover of HK5416.24 million, against HK1521.73 million on1,335 words
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Article120 1988-02-06 16 w WON Kal •900 Kangwon Ind ***** -600 Chall Sugar Oaailm Ind D—>00 Corp P—woo Heavy Oawhtn Sacurrtiaa DoTg Ah Phar ***** ***** ***** 15*00 •1300 -600 -600 500 -700 Kia Motor Koton Ind Koraa Long Tarm... Lucky LM Orlaotal Brawary OrtamaJ Cham ***** ***** ***** ***** ***** ...*****120 words
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Article466 1988-02-06 16 Reuter SHARE PRICES on the Tokyo market cloeed down in lackluetre trad* yesterday. dua to a generally weaker trend overaeaa and a lack of fresh leads to provide direction, broker* said "Investor energy is down, and there are no new incentlvea that are bringing energy up," a Japaneee brokerReuter - 466 words
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Article415 1988-02-06 16 Reuter THE AUSTRALIAN ahara mark*!, unable to hold •arty gaina. drifted down ovar tha day to cloaa slightly aaaiar yaatarday. Brokers aaid induatrtal stocks wara mixad, following a baraly ataady doaa on Wall Street overnight, while gold and reeouroaa stocks bore the brunt of selling aa bullion pricea eased.Reuter - 415 words
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Article137 1988-02-06 16 Reuter THE SECURITIES Exchange of Thailand Indax edged lower by 0.40 to 320.19 yesterday on a turnover of 2.035.305 shares valued at 285.89 million baht. Reuter FU H BANT *b Ao Kham Thai 1»S -9 Ayudhya Irr »aatmani t 316 unch Bangkok Agro-tnd... 60.5 -1.3 Bank Of Ayudhya 316Reuter - 137 words
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Article213 1988-02-06 16 m 2 96 +009 KOHn Kwoehan Dav Laa Chang Yuan 37.30 47.30 44 JO 1 1.3 1 1 74 SO +2 I tan ti*a tndua 49.00 1J MOO 29 Nan Va Piaa 92.00 1.9 291 00 7 92 00 19 Chang Loong 57 00 96 SO 14 19 Pacific213 words
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Article67 1988-02-06 16 r*a m mot Marcoppar OrtpnM Oil -0008 Acom MMMng Anglo PM PMt Ownm PNtpx 0 048 0 062 -0009 -0478 Appi Mining 0 046 SSf* AOaa Con. i. QoM uneft 8m IHguot B 180 tt Bute r^lroiUMi aoi7 unoh 8mm Darby 27 unch BtnQuct Con. First WW HMgs —M67 words
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Page 16 Advertisements
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Advertisement359 1988-02-06 16 NOTICE NOTICE IS HEREBY GIVEN that, I Yeo Yam How of No. 74 Lorong G Telok Kurau Singapore (1542), have applied for a Retail Liquor Shop Licence in respect of premises at M/S. Metro Pte Ltd at 6 Raffles Boulevard #02-300, Marina Square Singapore (0106), and that this application will359 words
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Advertisement358 1988-02-06 16 NOTICE NOTICE IS HEREBY GIVEN that, I Cheang Yick Heng of No 2 Delta Avenue #07-38 Singapore 0316, have applied for a Retail Liquor Shop licence in respect of premises at M/s His Vineyard at 621 Bt. Timah Rd Singapore 1026, and that this application will be heard in Court358 words
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WORLD MARKETS
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Article1060 1988-02-06 17 New York Reuter STOCKS in New York closed slightly lower in moderately active volume on Thursday. A backdrop of fairly stable interest rates helped keep prices to a narrow range in a 'neutral' session in which neither buying nor selling could gather steam, analystsReuter - 1,060 words
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1006 1988-02-06 17 London Reuter SHARES on the London stock market continued dull at the official 0900 GMT opening yesterday in the absence of fresh factors and after mixed to lower performances in Tokyo and New York, dealers said. "There really is nothing going on, I don'tReuter - 1,006 words
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Article970 1988-02-06 17 Selected indices HONGKONG Hongkong Index Friday 1.497 87 Thursday 1.498 92 Waak ogo 1.574 13 All Industrials Friday Thursday WMk ogo NEW YORK 1.979 2 1.9796 2.0000 Hang Seng Index Friday 2.***** Thuridoy 2.295-31 Waak ogo 2.***** Dow Jones Thursday W*dr*sdoy Wnk ago 1.***** 1.924 57 1.***** TOKYO Nikkei Average970 words
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210 1988-02-06 17 Reuter REUTERS Holdings PLC said it had reached an agreement with the four broadcasting shareholders of Visnews Ltd which will result in Reuters lifting its Visnews equity holding to 88.75 per cent from 55.0 per cent The British Broadcasting Corp (BBC) and ReutersReuter - 210 words
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Article, Illustration778 1988-02-06 17 Money makers pushing for control NYT THE STOCK market collapse last October is still rocking the US securities industry, and no letup is in sight. Wall Street is working out a new pecking order, honouring its new heroes whoever is making the mostNYT - 778 words
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237 1988-02-06 17 Reuter McDonnell douqlas is in talks with Europe's Airbus Industrie on joint production of a wide-body jetliner that could compete against Boeing's popular 747 jumbo jet, according to McDonnell's chief executive. Sanford McDonnell, chairman and chief executive officer of the St Louis-based aerospace company,Reuter - 237 words
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399 1988-02-06 17 Reuter AUSTRALIA'S largest company, the Broken Hill Pty Co Ltd (BHP), has offered the World Bank an equity stake in the huge Escondida copper project in Chile, BHP managing director Brian Loton said. "We own 60 per cent ofReuter - 399 words
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Article104 1988-02-06 17 Reuter BRITISH Petroleum Co PLC said the Kuwait Investment Office had raised its shareholding in the UK oil group to 18.91 per cent. KIO, the investment arm of the Kuwait Finance Ministry, previously held 18 88 per cent of BP. The UK Office fo FairReuter - 104 words
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Article180 1988-02-06 17 Reuter DUTCH bank Nederlandsche Middenstandsbank NV will join in the establishment of China's first joint venture management consultancy company China-BITIC International Management Consultants Ltd. China-BITIC said that under a contract signed in Beijing other participants are the state-owned Beijing International Trust and Investment Corp (BITIC),Reuter - 180 words
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Page 17 Advertisements
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Advertisement5 1988-02-06 17 Zurich pricw wtrt not available5 words
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Advertisement321 1988-02-06 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TATANTA PRIVATE LIMITED (In Members' Voluntary Liquidation) Special Resolutions NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Tatanta Private Limited duly convened and held at 111 North Bridge Road #12-01 Peninsula Plaza,321 words
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Advertisement308 1988-02-06 17 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 NEZ PERCE PRIVATE LIMITED (In Member*' Voluntary Liquidation) Special Resolutions At an Extraordinary General Meeting of the members of Net Perce Private Limited duly convened and held at ill North Bridge Road #12-01 Peninsula Plaza, Singapore 0617 on Ist February 1968308 words
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Article151 1988-02-06 18 Reuter TAN KOON SWAN, a former leader of Malaysia's main ethnic Chinese political party, is to appeal against a 30-month jail sentence and Msl-million fine imposed for criminal breach of trust, Bernama news agency reported yesterday. Bernama quoted Tan's lawyer in Kuala Lumpur asReuter - 151 words
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136 1988-02-06 18 AFP THE Independent Commission Against Corruption announced yesterday that it had unconditionally released' Donald Tsang, one of three former officials of the Hongkong Stock Exchange arrested by the ICAC on Jan 2. The release meant Mr Tsang, the exchange's former listing department head, was nowAFP - 136 words
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Article74 1988-02-06 18 Reuter US TRADE Representative Clayton Yeutter said the Hongkong dollar s exchange rate against the US unit should reflect economic fundamentals. He told a news conference in Hongkong yesterday that Washington wanted exchange rate realignments with its trading partners to redress trade imbalances. MrReuter - 74 words
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Article, Illustration405 1988-02-06 18 DAVID CHEW - US Assistant Secretary of Agriculture uncertain of chances of success By DAVID CHEW SINGAPORE has the right to appeal to the highest levels against the US decision to drop the Republic from the Generalised System of Preferences (GSP), said a senior Reagan Administration member. The405 words
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142 1988-02-06 18 SINGAPORE has made great progress in stamping out recording piracy and the US has made a "serious mistake" in deciding to strike it off the list of countries given preferential access to the American market, said Jason S Berman, president ot142 words
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436 1988-02-06 18 LILIAN ANG - By LILIAN ANG THOUSANDS of Singapore workers yesterday protested against America's decision to remove the Republic from the Generalised System of Preferences (GSP). Wielding placards and banners with anti-US slogans, some 4,500 workers from affiliated unions of the National Trades Union Congress (NTUC) gathered before436 words
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487 1988-02-06 18 SEVERAL REASONS were behind the US decision to deprive Hongkong, Singapore, South Korea and Taiwan of preferential entry into the American market, but they all amounted to domestic political considerations in an election year, said Singapore's ambassador in Washington. Speaking at a conference487 words
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Article, Illustration403 1988-02-06 18 HIGH COURT JUSTICE F A CHUA yesterday reserved judgement on appeals by both the defence and prosecution against the sentencing of former Pan-Electric Industries director Peter Tham. The defence argued that the eight-year sentence handed out to Tham by a district court403 words
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452 1988-02-06 18 LIM SOON NEO - By LIM SOON NEO PRIME MINISTER Lee Kuan Yew will officially open the Mass Rapid Transit system on March 12 when the system will have been extended to Clementi station, marking the completion of the first phase. Meanwhile, progress on452 words
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375 1988-02-06 18 Reuter ASIA'S economic growth this year will range between 6 and 9 per cent in sharp contrast with the 2.4 per cent growth rate anticipated for the developed countries, according to the "1988 World Outlook" from the Economist Intelligence Unit (EIU). The report, releasedReuter - 375 words
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Article82 1988-02-06 18 Reuter COMEX GOLD FUTURES gave back an early rally yesterday on light selling after attracting only modest short-covering from firmness in overnight markets. April gold was off US$l.OO at U*****.20 an ounce, with the buyers pulling out at U*****.00 versus Thursday's high of U*****.50. Analysts said the rallyReuter - 82 words
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LATE FILE
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Article39 1988-02-06 18 Reuter SOVIET iMdtr Mikhail Gorbachev and US Preeident Ronald Raaoan hava baan nominated for the 1968 Nobel Peace Prize tor last yeer's treaty scrapping mediumrange nuclear missiles, Nobel Institute sources in Oslo said yesterday. ReuterReuter - 39 words
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Article35 1988-02-06 18 Reuter JOROAN agreed on Thursday to equip its air force with the French-built Mirage 2000 warplane in praference to the West European Tornado and the Soviet MiG-28. French officials said. ReuterReuter - 35 words
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Article37 1988-02-06 18 AP FORMER Union Carbide chairman Warren Andaraon and odier Carbide officials, chargad wHh being raaponatbte for the 1984 gas laak that killed mora *an 2.900 peopla. vara aummonad an Thureday to India. APAP - 37 words
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42 1988-02-06 18 AFP JAPAN yaatarday rejected a US Congreeeional call for countriaa to suspend trada with North Koraa in ratal iation for tha alleged bombing of a South Korean airliner in November in which 115 people died. AFPAFP - 42 words
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41 1988-02-06 18 Reuter THE Australian Arbitration Commission has granted the country's 6.5 million wage and aalary earners an increase of As 6 a week, to be paid from the first pay period on or after yesterday.Reuter - 41 words
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Article46 1988-02-06 18 AFP FORMER Cambodian resistance chief Prince Norodom Sihanouk has informe* Phnom Penh Premier Hti Sen in a letter that h« decided on an "indefinite Jjournment" of their peace talks. A copy of the letter was made available in Beijing yesterday. AFPAFP - 46 words
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Page 18 Advertisements
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Advertisement302 1988-02-06 18 Th« silver report was not availaMa at praas tlma ADVERTISEMENT HOT TIPS FOR THE DRAGON YEAR Will 1988 prove supersition right and be a prosperous year for investors? To help readers map their investment strategies, Singapore Business went to the experts. A survey of financial advisers from six money houses302 words
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