The Business Times, 13 February 1988
1988-02-13
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The Business Times
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Title Section12 1988-02-13 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, February 13-14, 1988 75 CENTS12 words
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Article250 1988-02-13 1 AFP Dow Jones higher WALL STREET stocks gained ground yesterday morning in what analysts described as a muted response to news of a smaller US foreign trade deficit. The Dow Jones Industrial Average rose 22.05 points to 1,983.59 in the first hour of trading. Footsie up LONDONAFP - 250 words
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341 1988-02-13 1 AP THE US trade deficit narrowed to US$l2.2 billion in December, the smallest gap since last January, as exports surged. The Commerce Department in Washington said yesterday that the trade deficit for the 1987 calendar year widened to a record U*****.2 billion,AP - 341 words
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Article, Illustration231 1988-02-13 1 SHARE PRICES continued to rally for the second consecutive day on the Asian %tock markets on expectations that the US December trade deficit would be much narrower than in November. In Singapore,prices inched up moderately on some light bargain hunting with a few231 words
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597 1988-02-13 1 BOEY KIT YIN - Singapore economy in the 1990s By BOEY KIT YIN THE SERVICES INDUSTRY will be the engine of growth as Singapore moves towards the 21st Century, said Trade Industry Minister Brigadier-General (Res) Lee Hsien Loong yesterday. Growth of the manufacturing sector, which597 words
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435 1988-02-13 1 ELAINE KOH - MBL and F N undeterred by lost case in NZ By ELAINE KOH MALAYAN BREWERIES Ltd and Fraser and Neave Ltd have lost therr bid in the New Zealand courts to get more information' on a controversial merger proposal between brewer Lion Corporation and retailer L D Nathan Co Ltd.435 words
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243 1988-02-13 1 THE US DOLLAR yesterday touched a four-week high against the yen as rumours were rife in Asian foreign exchanges that the US trade deficit had fallen sharply in December. The Commerce Department reported late last night that the December243 words
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134 1988-02-13 1 Reuter US TREASURY note and bond prices surged in hectic trading yesterday, rising a full point in the first two minutes after the US announced lower-than-expected trade data for December. "It's kind of wild and crazy at the moment," said a headReuter - 134 words
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Page 1 Advertisements
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Advertisement318 1988-02-13 1 Nikon 4 i f M TN Ntoritf"s Rami MMffipMe fy>i—- m THE JURONG TOWN CORP is to spend $25 million on another software technology centre and two blocks of starter units for the Science Park. HOME NEWS, Page 2 PLANS TO REDUCE Singapore's imports of moulds and dies used by318 words
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Advertisement12 1988-02-13 1 Full report, Page 14 Regional markets, Page 16 World markets, Page 1712 words
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Advertisement141 1988-02-13 1 Nikon 71m WhM'i FM MMMfnpMcSfMMi 11 IGo ahead, indulge the lady Page 9 WttktMl TV TV programmes for today and tomorrow Page 10 Stoto to Watok Greenwood, Patton and Milos Forman Page 10 Old West, new Batteries Page 10 Tln Sam Will the real bimbos please stand? Page 11 Spirts141 words
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HOME NEWS
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397 1988-02-13 2 LILIAN ANG - Another software centre, two starter units for Science Park By LILIAN ANG THE JURONG TOWN Corporation is to spend $25 million on another software technology centre and two blocks of starter units for the Science Park. The new buildings are to cater397 words
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Article142 1988-02-13 2 EIGHT Singapore manufacturers will show off their products at the Frankfurt International Trade Fair to be held from Feb 20 to 24. The Singapore Manufacturers' Association is behind their participation at the fair, reputed to be one of the world's largest for consumer goods. The Trade142 words
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422 1988-02-13 2 IN THE CURRENT CLIMATE of world economic and financial uncertainty, Singapore should not just look at the economy as a whole but has to identify and pursue separate policies for each of its economic sectors to survive, says an economist. Professor Lee422 words
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572 1988-02-13 2 ZHOU MEI - By ZHOU MEI WITH THE COMING into force of the Newspaper and Printing Presses (Amendment) Act 1988 yesterday, it is now legal to reproduce copies of a "declared" or gazetted foreign newspaper for sale or distribution in Singapore. The Act, passed by Parliament on Jan572 words
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432 1988-02-13 2 FORMER Member of Parliament Shaari Tadin has refuted statements by the Prime Minister who cited him as an example of a Malay MP who had difficulty relating to non-Malay voters. But Mr Lee Kuan Yew maintained that there was a lack of empathy432 words
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461 1988-02-13 2 ALVIN TAY - By ALVIN TAY Banking Correspondent YET ANOTHER major bank has joined the price war in home financing, amidst a growing belief among bankers that the demand for housing loans is beginning to pick up after a twomonth lull late last year. The461 words
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Article221 1988-02-13 2 UNITED Overseas Bank will introduce a new "perpetual" gold certificate which a holder does not have to renew annually. This certificate, which will go on sale on Feb 19. is unique because of its "perpetual validity," said a bank spokesman. Other gold certificates available in the221 words
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Article76 1988-02-13 2 THE SINGAPORE Heritage Society is organising a one-day workshop on minority races in Singapore on March 6. Under the theme "Unity in Diversity", the workshop will offer a mix of cultural events, food, discussion and research papers. Singapore's ambassador to France. David Marshall, will open76 words
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Article, Illustration540 1988-02-13 2 JEFFREY TSANG - By JEFFREY TSANG PLANS TO CUT Singapore s imports of moulds and dies used by the local industry are being finalised. About 40 per cent or $100 million of the $230 million worth of moulds and dies used by Singapore's540 words
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Article1168 1988-02-13 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Bong lor Urmi K28 olongside 1302,0600 CS Oceon K34 alongside 16 02-0700 Es Harmony K16 alongside 14 02/0600 G Selaton-7 K19 alongside 1302/0600 Jenson K22 alongside 1302/1500 Kota Express K33 alongside 15.02/1500 Kota Sejoit K31 alongside 1302/2300 Kris1,168 words
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Page 2 Advertisements
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Advertisement113 1988-02-13 2 m -:oj I -V' 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+ for 2 persons, $55+ for 4-5 persons or $88+ for 6-8 persons. A delectable choice of Chao Zhou dian xin are113 words
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Advertisement7 1988-02-13 2 Gold coins gain extra shine, Page 137 words
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Page 2 Miscellaneous
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Miscellaneous121 1988-02-13 2 Max/ Note Min (°C) 19/10 Cloudy 06/03 Clear 15/07 Clear 19/15 Cloudy 33/25 Sunny 29/20 Cloudy -6/5 Clear 19/10 Cloudy 08/01 Cloudy 04/02 Cloudy 21/18 Cloudy 04/00 Showers 29/20 Showers 06-04 Clear 23/12 Clear 20/09 Cloudy •16-24 Snow 26/13 Cloudy 33/17 Cloudy -7-12 Cloudy 05/04 Cloudy 28/25 Fine 06/01 Clear121 words
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OVERSEAS
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Article, Illustration318 1988-02-13 3 Reuter WEST GERMAN Minister of Economics Martin Bangemann has said that Bonn is keeping its promise to boost imports and spur domestic growth and has r called on Washington to live up to its side of the bargain by de- fending the USReuter - 318 words
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425 1988-02-13 3 AP SOUTH KOREA is considering lifting import bans earlier than scheduled and cutting import taxes to reduce trade friction with its trading partners. Economic Planning Board officials in Seoul said on Thursday that by March, the country could lift import restrictions on 133AP - 425 words
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408 1988-02-13 3 Reuter TAIWAN, expecting its trade deficit with Japan to grow this year after a record high in 1987, will launch a five-year export drive in the Japanese market. Economic officials in Taipei said on Thursday that the country's trade deficit is expected to jumpReuter - 408 words
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Article333 1988-02-13 3 Reuter FOUR WESTERN aircraft makers have been shortlisted by India's Vayudoot airline to supply planes worth at least US$25O million but the Soviet Union is snapping at their heels. Aviation officials in New Delhi said on Thursday that Western contenders are the British Aerospace PLC,Reuter - 333 words
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Article188 1988-02-13 3 AFP FRENCH PRIME MINISTER Jacques Chirac has warned the US not to act against the European Airbus consortium. In an interview published in the French daily Le Monde on Thursday, Mr Chirac, emphasising that he could "not imagine that the US could take action againstAFP - 188 words
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Article89 1988-02-13 3 AFP INDIA'S trade deficit narrowed by more than US$22 million from April to December last year with exports increasing by 24.7 per cent. Finance and Commerce Minister Narain Dutt Tiwari was quoted as having told MPs at a meeting in New Delhi on Thursday that exportsAFP - 89 words
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Article52 1988-02-13 3 AFP A JAPANESE consortium has won a Pertamina deal worth US$3l6 million to construct a liquefied natural gas (LNG) refining facility. Indonesian state oil firm Pertamina said on Thursday that the contract was won by Chiyoda Corporation, a consortium of five Japanese companies led by MitsubishiAFP - 52 words
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Article364 1988-02-13 3 Reuter MERRILL LYNCH and Co Inc's chief economist, Donald Straszheim, has predicted a recession to begin within the next six to 18 months, with early 1989 being the most likely starting point. "The US economy is badly out of balance as the extreme volatility in theReuter - 364 words
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Article, Illustration283 1988-02-13 3 AP CAMBODIAN resistance leader Prince Norodom Sihanouk said in an interview published on Thursday that the communist Khmer Rouge would resume power the minute Vietnamese troops withdrew from Cambodia. Prince Sihanouk, who responded in writing to questions submitted in Beijing by theAP - 283 words
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200 1988-02-13 3 Reuter SOUTH KOREA'S rival opposition parties will try hard to merge to increase their chances of forming a parliamentary majority before polls due by April. Party officials in Seoul said on Thursday that work to merge the main opposition Reunification Democratic Party (RDP)Reuter - 200 words
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340 1988-02-13 3 AP CHINA'S navy has completed construction of a modern base described as the largest comprehensive military harbour in the country. The overseas edition of the People's Daily said on Thursday that the base "nestles against mountains and covers 10.7 sq km with aAP - 340 words
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271 1988-02-13 3 AFP THE PRESENCE of several foreign warships in the Indian Ocean is causing concern to India, the country's naval chief, Admiral J G Nadkarni, was quoted as saying on Thursday. There were nearly 120 foreign naval vessels in the northern part of the ocean, comparedAFP - 271 words
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Article999 1988-02-13 3 ARRIVALS Operator S«rvte* Local From number time OA OA471 0015 ATH SIA SQ11 0115 LAX/NRT UA UA805 0120 SFO/HKG MAS MH619 0125 KUL CAL 0333 0405 TP€ SIA SQ41 0610 MAA MK MK746 0725 MRU MAS MM601 0730 KUL SU SQ491 0755 IWN MAS MH681 0820 KUL999 words
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Page 3 Advertisements
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Advertisement71 1988-02-13 3 Coffee at UCC Fountain Cafe. Groom up at Saloon de Yamano. Lunch at 'Idling Lok Shark's Fin. (iral) a novel at Hooks Kinoknniya. Shop at Daimaru I)ept Store and Siipermart. Work out at Riverside Fitness Centre. nine at The New Otani Trader Vic's I'mvind at your apartment in Liang Court71 words
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Advertisement369 1988-02-13 3 I I I A/ \J\ I The business person's chotce every I I II \I I Iff II I Tuesday, Thursday. Saturday and Sunday. I M Ml I Ml \l Leovmg Changi Airport at 22:05 1 JL Vyi. hours and arriving Heathrow early the following morning. Cal( your Travel Agent369 words
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BANKING AND FINANCE
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458 1988-02-13 4 Reuter A SWORD poised over a complex Gordian knot the cutting of which symbolises solving an intractable problem is the logo of the Philippine body charged with selling about US$6.B billion of government bank bad debts. "That's an appropriate symbol for the workReuter - 458 words
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101 1988-02-13 4 Reuter THE Monetary Authority of Singapore (MAS) said it will offer $530 million of five-year taxable bonds to the public through auction. Interest rate on the bonds, maturing on March 1, 1993, will be based on the average yield of successful applications whichReuter - 101 words
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159 1988-02-13 4 OVERSEA-CHINESE Banking Corporation will open its fourth MRT (Mass Rapid Transit) branch on Monday. This time, the ribbon cutting ceremony will take place at Raffles Place in the city's financial district. The bank is the first to establish a network of MRT159 words
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Article1076 1988-02-13 4 Reuter SINGAPORE: THE US DOLLAR yesterday closed firmer against major currencies on short-cover-ing interest but below the day's highs after fairly active trading. The dollar's rise was prompted by strong speculation that US December trade figures would show a sharply reduced deficit of around US$lO billion after aReuter - 1,076 words
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COMMODITIES
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Article435 1988-02-13 4 Reuter Crud« palm oil futures yesterday finished mixed after nn erratic price movement in cautious trading on the KLCE. The market opened higher on rumours of India's re-entry into the market but anticipation fizzled as selling pressure emerged towards the afternoon. Current month February was Ms 7 betterReuter - 435 words
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Article139 1988-02-13 4 Reuter SOYBEAN FUTURES rallied on the Chicago Board of Trade on Thursday on the back of soymeal futures and closed 8-3/4 to six cents a bushel. March broke resistance at US$6.l7-1/2, posted a new session high of US$6.2l-1/2 late and then slipped at the close to US$6.2l. Traders saidReuter - 139 words
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Article135 1988-02-13 4 Reuter WHEAT FUTURES closed mixed from off 2-1/4 to 3-1/2 cents a bushel on the Chicago Braod of Trade on Thursday. March settled two cents lower at US$3.2B-3/4. Traders said commercial and commission house selling pressured nearby values late. The buying in deferreds stemmed from ideas any major exportReuter - 135 words
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Article78 1988-02-13 4 SPOT prices of petroleum products were largely unchanged as the market remained quiet as traders left for the IPE convention in London or eased off for the coming lunar New Year holidays. US$/borral Otane* Dubai (Atari 15.2J -0-02 WM T..O. WTI (Mori 17.1 J W* Products (FOB78 words
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Article220 1988-02-13 4 Reuter SINGAPORE THE RUBBER MARKET yesterday closed firmer with March 1 RSS buyers quoted at 218.50 cents/kilo, up 1.75 cents from Thursday's close. Prices were marked slightly higher at the outset and thereafter forged ahead on short-covering interest ahead of the long Lunar New Year holidays in quiet morningReuter - 220 words
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Article233 1988-02-13 4 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 220.50 221.50N 221.75 222.75N Int 1 RSS Mar 88 217.25 217.75 218.50 219.00 Int 1 RSS Apr 88 215.75 216.25 217.00 217.50 Int 2 RSS OP 215.00 217.00N 216.00233 words
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Article79 1988-02-13 4 (centt/kfl, 1 -ton 1 i MARCH 1988 APRIL 1988 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 30 209.00 21 1.00N 209.00 21 l.OON SSR 50 207.50 209.50N 207.50 209.50N MRELB Buyers Sellers Buyers Sellers SMR CV 275.00 277.00N 276.00 278.00N SMR I79 words
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Article107 1988-02-13 4 Reuter STRONG COVERING on Friday before the weakend and next week's Lunar New Year holidays pushed the Kuala Lumpur Tin Market (KLTM) price one cent higher to M 517.20 a kg. High demand of 124 tonnes was noted at the start but Interest then slackened as prices roae.Reuter - 107 words
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Article291 1988-02-13 4 Reuter HONGKONG: GOLD closed mixed yesterday as traders unwound their positions before the release of US December trade data. Trading was very quiet. Bullion settled at U*****.60/441.10 an ounce. On the local market, gold lost HK$B from Thursday's close to end at HKss4,ll3 a tael. Coins were alsoReuter - 291 words
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Article228 1988-02-13 4 Chinese Produce Exchange Sollon' noon doling pr km on Fob 12 (SS/100 kg) Coconut oil Mi FOB 115.00 CM drum FOB 125.00 Now drum FOB 129.00 Copra Mixod (kxMo) 64 Pepper Mumok wWio FOB NIW 1185.00 Sarawak wMto FOB faq NLW 1170.00 Sorawak lpodal black FOB NIW 870.00228 words
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Article296 1988-02-13 4 London Commodity Exchange lwy#f/$#ll#f doibtQ pHem on Fob 11 (i/torv* unt *h ipocKtod). "ro*»out closinc tn poronfhosH. con— Both ln-«tor# London, t*li«rs option OF London Mar 1272/1275 (1234/1235) High/Low 1275/1232 May 1300/1302 (1258/1260) High/Low 1303/1257 OOffS (3022) Cocoa Mar 1053/1054 (1044/1045) High/Low 1057/1045 May 1075/1076 (1067/1068) High/Low 1080/1067296 words
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Page 4 Miscellaneous
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Miscellaneous65 1988-02-13 4 Doonesbury ITS CALLED RETIN-A, JEFF. IT'S A CREAM, WHAT'S TO GET RIP OF J THAT, WRINKLES. h' PAPPY? AND WHAT'S ASPIRIN. FOR. DADPYS HEART. HE/... WHERE'S MY HAIR STUFF?... <s m 9 3V m m m iw WUBt 91 BY GARRY TRUDEAU JOANIB PIP YOU DROP OFF ATY MINOXIDIL PRESCRIPTION65 words
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MONEY AND EXCHANGES
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Article1713 1988-02-13 5 CURRENCY FUTURES OPTIONS Friday. February 12 1988 DEUTSCHE MARK (SIMEX) •tor M calls Mar M puts Mtfh Law Salt High Law Ml 54 a 35 36 57 34 59 60 61 62 63 64 65 66 67 68 240 160 *1 47 24 11 4 2 1 CAB CA61,713 words
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Article482 1988-02-13 5 MARCH Eurodollar opened sharply lower on Friday than the previous close on Simex at 93.15 on overnight weakness following the stronger than expected increase in US retail sales. After the low opening, the March contract traded firmer to the high of 93.21 on carryover buying interest. Concern over the482 words
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Article92 1988-02-13 5 Silver futures on Feb 11' 5,000 toy ouncas. US cants par troy ounce Opt* Mgti Lam Mh f/- Mar ***** Apr Mar 637.00 M 645.00 Sap 656.00 Oac 665.00 Jan Mar 6a 2.00 May 634.50 627.00 641 JO 635.00 650.00 frHOO 654-50 67X00 665.00 602J0 662.00 62992 words
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Article311 1988-02-13 5 Asian market Reuter ASIAN DOLLAR deposit rates yesterday closed steady at opening levels, after a day of quiet and featureless trading. Most operators were reluctant to open fresh positions ahead of today's US December trade figures. The firmer tone of the US dollar following speculation that the US December tradeReuter - 311 words
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Article265 1988-02-13 5 Reuter IMM CURRENCY FUTURES yesterday closed with small losses. However, in thin market conditions, traders noted a lack of downside momentum as prices drifted ahead of the US trade balance report. Expectations that the trade gap will narrow fuelled beariah sentiment. But a Congressional Budget Office report said theReuter - 265 words
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Article82 1988-02-13 5 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WO OFFER KNGH LOW 3 monrtu 8Q*****W 12.5.88 3.02 2.97 6 moinfa BY*****S 30.6.88 3.03 2.98 1 year 8Y*****T 24.11.88 3.02 2.97 3.01 3.00 Government notes and tx Midi 1 Period Issue Maturity Coupon Yesterday's dosing Day's code82 words
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Article247 1988-02-13 5 AP THE PAKISTANI RUPEE has been fixed st 17.55 to the US dollar, representing a five-paisa depreciation, the State Bank of Pakistan announced on Thursday. It is the second five-pai-sa depreciation sgainst the US dollar since Jan 23 this year. The State Bank revised the rupee-dollarAP - 247 words
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Article62 1988-02-13 5 FROM Monday, the International Bank of Singapore main branch will operate from the first floor of Overseas Union House instead of the second. The branch will also be renamed the Col Iyer Quay branch. The branch will feature, as part of its window display, an62 words
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Article, Illustration175 1988-02-13 5 tndteaf tie —ft at «w prkiM lending ralM of 12 major banks In S'pora Interbank market r ataa (offer/bid) on Fab 12 u$$ DM SWFC Y«n 7 doyt A 5/» 1/3 j/i i/% 3 7/1A 9/1A 1 3/» 1/4 3 7/1- 3/4 1 Mh A J/» 1/3175 words
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Article55 1988-02-13 5 THE OVERNIGHT rat* on the Singapore interbank market waa unchanged yesterday at 314 per cent The term ratea fell 1/16 across the board. S$ Interbank ratos at 12 noon yosto day: OflB HD WW- <++> 3 1/4 3 3 3/1* 1/16 2-nniah 3 3/1* 1/1* 3 maw* 355 words
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Page 5 Advertisements
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Advertisement9 1988-02-13 5 fWsQUE INDQSUEZ 3 Shenton Way, Shenton House. Singapore 01069 words
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Advertisement87 1988-02-13 5 m J Wf M n«K:<xim wmmm 1.1 M •AH m u 4 1 I ..< < wwMwM v/V *!•*><* A .VO I h > J sZ§ri^ vHli THE PERFECT CHOICE FOR VALENTINE'S DAY. ejection of belts is available in a choice of luxury leathers and quality skins like crocodile and87 words
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PERSPECTIVE
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Article551 1988-02-13 6 AS VALENTINE'S DAY arrives again, bringing in its train all the reminders of love and chivalry with which the new world salutes the romance of the old. Royal Mail, Britain's postal service, this week used the opportunity to advertise its value to lovers. A full-page advertisement551 words
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Article, Illustration1198 1988-02-13 6 SAID ABDULLAH - Accountant who keeps tabs on multi-religious figures Teaching religious understanding to young people is an important function in Singapore's multi-racial society. And one man who has closely involved himself in encouraging dialogue between youths of different religions is spritely 70-year-old Mehervan Singh. SAID ABDULLAH profiles a1,198 words
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549 1988-02-13 6 Sidney C Rolt - letters to the Editor Sidney C Rolt Dear Sir I refer to the reply from the Commissioner of Inland Revenue (Business Times, Weekend Edition, February 6-7, 1988) to my earlier letter to the Business Times. I am afraid that I do not find549 words
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152 1988-02-13 6 Ng Keat Seng - Ng Keat Seng thank "Concerned Taxpayers" (Business Times Weekend Edition Jan 30-31, 88) for th#ir suggestion to adopt a later filing date 2) We have considered this possibility and over the years found the current deadline most convenient for the majority of taxpayers. Most taxpayers152 words
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207 1988-02-13 6 Dear Sir I must take issue with the contents of your editorial on SSA directive being self-defeating. fn the last few years under the present leadership, the SSA has taken a turn for the better in that views, opinions and background information are collected207 words
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204 1988-02-13 6 to serve interests of the profession Dear Sir I refer to your letter (BT February 10, 1988) headlined: "SSA directive is self-defeating." It is misleading to suggest that the SSA is opposed to the idea of feedback rendered by its members. The point is that any member submitting his or204 words
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193 1988-02-13 6 Patricia Ou - Patricia Ou Manager Marketing Services Marina Centre Holdings Pte Ltd Dear Sir Thank you for the story on our opening, but I would like to clarify a few points: 1. Marina Square is owned and developed by Marina Centre Holdings. The list of shareholders193 words
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Page 6 Advertisements
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Advertisement66 1988-02-13 6 W lanage BT shows you how every Monday, j :c i -e .X J V $4 A MONTHLY JOURNAL OF TPT-KIT^TT Hot tips for the Year of the Dragon Take Another Look: A round-up of the local scene Cosmetics trade: All is not vanity Telecoms: Staying well-connected The Third Asean66 words
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Advertisement44 1988-02-13 6 BT w*kcom«t l«tter« from raadm. Your latter* must Includa your signature, full iumtm, addrasa, and horn* and ofHca telsphons numbars, U any. You may add a paaudonym, N you wish. Addraaa your latter* to: Tha Editor, Bualnosa Tlmot, 390, Kim Sang Road, Singapore, 092344 words
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Page 6 Miscellaneous
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Miscellaneous770 1988-02-13 6 CRYPTIC PUZZLE ACROSS 9 Stop and put something on the buttered biscuit? (6, 2) 10 Mean to take the parent to one side (3) 11 Necessitate, then, cutting half the last part (6) 12 Cases packed for a seaside holiday (6) 13 Again let loose (7) 14 Powdery, yes, and770 words
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Executive Lifestyle
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Article324 1988-02-13 7 IT IS USUALLY the best rule-of-thumb way to gauge a hotel's occupancy rate count the number of rooms lit at night. But possibly not tonight or tomorrow night even though hotels expect full occupancy this special weekend Sunday of course being Valentine's Oay. 0 HERE'S a324 words
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Article, Illustration580 1988-02-13 7 MEI JIEYAN - TiaA/**' With MEI JIEYAN Mel Jieyan ft alto known M Boey Kit Yin. AN AUSTRALIAN journalist asfced me the other day what my frame in Chinese meant. In Cantonese, my mother tongue, it rtteans "pure swallow". Although I'Cannot vouch for its truth, I580 words
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Article, Illustration1628 1988-02-13 7 JAIME LYE - By JAIME LYE IF YOU'RE already living a miserable life, why on earth would you want to go to a fortune-teller to have <- your worst fears confirmed? Curiosity? Superstition. Masochism. Perhaps just that unique quirk of human nature that likes meddling with the unknown. Or1,628 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration923 1988-02-13 8 MONICA GWEE - By MONICA GWEE THE FORTUNE-TELLING TRADE is a contract in confidentiality, but unlike a doctor, the for-tune-teller is not responsible for the diagnosis or the cure, although he or she may take the consequences of a reading personally. An experienced fortune-teller never923 words
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Article, Illustration903 1988-02-13 9 ZHOU MEI - Stay healthy tickle your feet daily HEALTH By ZHOU MEI TAKEN A LOOK at the soles of your feet lately? Perhaps you have never given that part of yoLr anatomy a thought, much less examined them. But in your lowly soles lie the secret of your whole being. The relative903 words
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Article, Illustration981 1988-02-13 9 JAIME LYE - VALENTINE'S DAY by JAIME LYE THE BIG DAY dawns tomorrow, but the wise will begin celebrations today and lie in tomorrow. It's going to be a hectic week coming up, so if you don't want frazzled nerves or bruised elbows, plan NOW. For Valentine's981 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration603 1988-02-13 10 MARTIN SOONG - CINEMA By MARTIN SOONG YOU'RE talkin" Extreme Prejudice when you bring up cocaine kings like Cash Bailey. Mean sumbitch, likes to shoot his friends, women and dogs. Dependin' on the mood he's in, might just pump a few slugs into his603 words
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Article, Illustration599 1988-02-13 10 Martin Soong - by Martin Soong "HEE-LOH lai liao!" (here comes the hero) squeals a pack of po-ny-tailed secondary school girls in unison, in the dark. Then across the screen, a tall, dark and handsome leading man hold on, wait a minute! What on earth are those tiny599 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration676 1988-02-13 11 MONICA GWEE - MEN By MONICA GWEE IN CASE you didn't know, it's Valentine's Day tomorrow. Stand up all those with no dates. Oh dear, please sit down again, there are too many, the hotels and. restaurants won't like it. have been asked to write about676 words
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Article791 1988-02-13 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Street Smart starring Christopher Reeve, Kathy Baker and Mimi Rogers. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Dirty Dancing Starring Patrick Swayze and Jennifer Grey. Showing at Capitol: 11; 1.45; 4; 6.30; 9.15 and midnight show tonight at Prince 2, Lido, Liberty, Savoy791 words
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Article, Illustration727 1988-02-13 11 MARTIN SOONG - AVIATION By MARTIN SOONG UP WE WENT, into the wild blue yonder. Blue skies, sunshine, just a few hours after dawn. Ah, what a great way to fly! I was riding shotgun in 9VBNM or, in aviation parlance, "Niner Victor Bravo November Mike," a locally-registered civilian727 words
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Article, Illustration823 1988-02-13 11 CHARLES SAVAGE - FOOD/ACCOMMODA TION By CHARLES SAVAGE LOCAL ANGLOPHILES like to reminisce about the best of England at the Sloane Court Hotel, a distinctive and unmistakably Tudor-style haven of hospitality along Balmoral Road. After a few pints at the hotel's 16th century-style pub, the Berkley,823 words
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Executive Lifestyle: Sports
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Article, Illustration505 1988-02-13 12 WALTON MORAIS - GOLF By WALTON MORAIS SHE'S never won a tournament four years as a pro and adjjtfts to lacking confidence for to•day's final round. But it is 21-year-old Kasumi who sits pretty on the *JS&ders' board, two strokes 4rt»ead of the field, in the505 words
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496 1988-02-13 12 UPI J 808 CHARLES fired an 8-under-par 64 on Thursday to take a 'flve-stroke lead in the first round of the U*****,000 PGA Seniors' Championship at the PGA National Golf Club in Florida. Shooting a 69 and five strokes back of CharlesUPI - 496 words
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222 1988-02-13 12 OLYMPICS AFP DESPERATE ticket scalpers are trying to unload thousands of unsold places for top Olympic events while hundreds of .hotel rooms stand empty with •the opening of the Winter Games less than 48 hours 'away. Newspapers in Calgary are carrying advertisements fromAFP - 222 words
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484 1988-02-13 12 Games trouble-shooter Pratt the man they like to blame Reuter THE SIGN on the broad oak desk reads: "I don't worry about competition around here. Nobody wants my job." Behind it sits Bill Pratt, organising committee president of the XVth Winter Olympics. Many might wish to trade places with PrattReuter - 484 words
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Article620 1988-02-13 12 Jerome Fandor - RACING with Jerome Fandor WITH Turn Around and Feu „Vert not accepting their places in the field, and with the Hongkong Cup representatives this year's Tunku Gold Cup is a very open race. Trainer Teh Choon Beng will saddle three horses, including the 1986620 words
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374 1988-02-13 12 RUNNING UPI ENGLISH middle-distance runners are discovering something baseball players have known for a century Florida is a nice place to train. Sebastian Coe has been working out in Tampa, Florida, since January and the weather there is certainly more desirableUPI - 374 words
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Article, Illustration382 1988-02-13 12 CHARLES SAVAGE - SPORTS AID By CHARLES SAVAGE THE SPORTS Aid Fund stands at $4.9 million but there may not be enough elite athletes who qualify for grants even if we were given another $1 million, said Dr Tan Eng Liang. The chairman of the Singapore382 words
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Article, Illustration632 1988-02-13 12 MIKE THUMBA - DGE MIKE THUMBA Last week we discussed the opening leads by the defence. We tried to show by examples that if you stick to the normal bookish type of opening leads your defence would be very costly, you have to understand the bidding sequence as632 words
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Executive Lifestyle: Perspective
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Article, Illustration724 1988-02-13 13 RAMESH CHANDIRAMANI - PRECIOUS METALS By RAMESH CHANDIRAMANI MORE AND MORE market analysts are now sounding cautionary notes about the prospect of ?old, supporting the claim that a ew bear market has already etarted. In particular danger are investments in gold mining ahares, which haveSource: CSFB - 724 words
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734 1988-02-13 13 ANALYSTS IHT CARLTON LUTT's investment advice comes in simple form. He tells readers of his Cabot Market Letter when to put their money into the stock market and when to take it out. And for 214 years starting December 1984, Mr Lutts's investmentIHT - 734 words
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Article, Illustration200 1988-02-13 13 j T"t aa. pfpau 1 L 4 RC NOTHING very much happened in the market in the past week to cause me to change my view presented in this column last weekend. The local bourse sold off on Monday and Tuesday, but spent theRC; Source: Chartamatic - 200 words
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Article, Illustration1235 1988-02-13 13 SOH TIANG KENG - COLLECTIBLES By SOH TIANG KENG Banking Correspondent THE OCTOBER stockmarket crash, which dimmed investors' hopes of making money in shares, has put that extra shine in the market for gold bullion coins. Producers and dealers have reported a jump, following the worldwide1,235 words
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217 1988-02-13 13 IN ALL investment endeavours, knowledge is the key to profit, none more so than in field of numismatics, the hobby-cum-pro-fessional art of coin collecting. Both the beginner and the serious afficionado need good, timely and accurate information about events, trends and opportunities in the217 words
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Article1051 1988-02-13 13 Ramesh Chandiramani - UNIT TRUSTS BEniflflER'5 A CDRnCRWp by Ramesh Chandiramani REGULAR savings programmes through unit trusts are little used by local stockmarket investors. Yet. these investment plans are a rather efficient and relatively painless way of building up a tidy sum of money. Now, more than ever, such1,051 words
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Page 7 Advertisements
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Advertisement8 1988-02-13 7 LONGEST INTEREST-FREE REPAYMENT aitt! JT» CHASE CLASSIC VISA8 words
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Advertisement216 1988-02-13 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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Advertisement11 1988-02-13 7 Should tat time Itltori be taken eerioualy? Tum to Page 811 words
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Page 8 Advertisements
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Advertisement992 1988-02-13 8 4 COURVOISIER XO-Where to eat, drink... -A* ,"V lI<7* VALENTINE'S DAY dt day, fa* tkauL ink# eare Sinday. February 14. Celebrate your love with an invitation to a Valentine dinner at the Hyatt Nutmegs. Ru-Yi Pete's Place. Chinoiserie. Bramigan's. Cal our headline extension 2471 tor details. HWT REG£NCYOSjn&«vPO« 10-12ScoRiaoaa 9naop<*»o<m992 words
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Advertisement121 1988-02-13 8 at tne Mandarin a SUNDAY 14 FEBRUARY 1988 v "f V c Cupid has made lots of romantic arrangements at The Mandarin. Buffet Lunch Top of the M $28+ (Adult) $13+ (Child) Pine Court $28+ (Adult) $13+ (Child) The Belvedere $35+ (Adult) $18+ (Child Candlelight Dinner Top erf the M121 words
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Page 9 Advertisements
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Advertisement457 1988-02-13 9 and entertain 4 PALM. G*LL FROM 9-24 FEBRUARY, THE BEST OF FRENCH CUISINE WONT BE POUND IN FRANCE. Instead it will be found at Palm Grill, where Monsieur Crotet, one of France's leading chefs, will dish up a gourmet spread. Reservations: 338 8585 ext. ***** or 330 8310. TheWestin Plaza457 words
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Page 9 Miscellaneous
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Miscellaneous1062 1988-02-13 9 88.9 mHz In VHF Band II SAM World News 6.09 The World Today. 6.25 A Letter from Northern Ireland 6.90 Financial News. 6.40 Reflections 6.45 Sports Roundup 7.00 World News 7.0® Commentary. 7.15 From the Weeklies 7.30 Multitrack 3. 6.00 World News 8.00 News about Britain 8.15 Radio Newsreel 8.301,062 words
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Page 10 Miscellaneous
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Miscellaneous1530 1988-02-13 10 Greenwood, Patton and Forman Movies Kind Hearts and Coronals is a sharp black comedy about a "black sheep" member of a titled family who sets out to eliminate the whole lot, with hilarious results. Joan Greenwood stars, with Alec Guinness playing all the victims. (Today, 8.30 pm, Channel 12.) The1,530 words
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Page 11 Advertisements
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Advertisement108 1988-02-13 11 AN NOW FOR A LIPERIOD ONI Stay two nights and enjoy... with us I lAn extra night free OR I IA Ss7s gourmet meal at no extra chaise Coming home at *Ss7s++ gets even better! When you stay with us for two nights, you can stay on for a third108 words
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Page 13 Advertisements
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Advertisement28 1988-02-13 13 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address ail correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.28 words
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Advertisement63 1988-02-13 13 APPOINTMENT AN INTERNATIONAL TRADING CORPORATION COMMODITY MERCHANDISING TRAINEE Successful candidate will be trained to trade commodities using risk management techniques. Trainee will undergo an extensive on-the-job training programme. Individual will gain experience in commodity supply/ demand analysis, econometrics, pricing, freight chartering, and appraising the political/ economic environment in Asia B«nd63 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4173 1988-02-13 14 STOCK PRICES in Singapore yesterday inched up slightly on selected bargain hunting although trading remained dull and lacklustre. Gains were small as the market moved up for the third consecutive day since Wednesday's rebound. Only a handful of shares, mostly blue chips and4,173 words
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Article256 1988-02-13 14 Rises SINGAPORF Indices Fob II Fob 12 No* Iran 590 Metro HMgt 550 Ambottodor 155 O U C 324 Son* Shipyard 234 S P H 735 Mwo 515 Corp. 205 S*>ongri-lo 420 Hwo Hang 86 Cerebot SO* 440 Motal la, Sport 370 Jwon# Ship SOt 201 Falls256 words
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Article2926 1988-02-13 14 BID and offer prices officially listed and business in and reported to the Stock Exchange of Sims pore yesterday with the number at shares traded shown in brackets in lots at 1,000 units unless otherwise specified. SECTION ONE MOUSTRIAL COMMERCIAL Aono (I 13 61 (32,926 words
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Article213 1988-02-13 14 FABER MERLIN MALAYSIA Berhad: 24th AGM at The Merlin Kuala Lumpur, Jalan Sultan Ismail. ***** Kuala Lumpur on Monday, Feb 15, at 11am. TALAM CORPORATION Bertiad: 63rd AGM at 15th Floor, Wisma SPK, Jalan Sultan Ismail, ***** Kuala Lumpur on Monday, Feb 15, at 9.30 am. SINGAPORE PRESS213 words
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Article282 1988-02-13 14 Managers' prices for Feb 13 15 Singapore Unit Trust Tlw Coawu 0 90 0 96 The Soomgs Fund 0 TV 0 85 S'pore frog Fund 036 040 S'po'« Sac Fund 060 OAS S pore Invest Fund OA* 069 S pore Equity Fund 0.43 047 Asia Unit Trust Mai282 words
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Page 14 Advertisements
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COMPANY NEWS
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Article, Illustration583 1988-02-13 15 ROSIE TAN - By ROSIE TAN THE COMMERCIAL Affairs Department has stepped in to investigate possible infringements of the Companies Act by two subsidiaries belonging to financially-troubled Malaysian Feedmills Ltd. In an announcement two days ago, the animal-feed manufacturer said the investigation concerns loans made to583 words
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Article141 1988-02-13 15 CARLSBERG BREWERY Malaysia Bhd posted a 13.8 per cent rise in pre-tax profit for the year ended Dec 31, 1987 to M 517.09 million from M 515.01 million a year earlier. Turnover rose to M 5182.21 million from M 5170.41 million and after-tax profit rose to141 words
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Article35 1988-02-13 15 Company BONUS ISSUE Ajinomoto One-for.fi*e Ex-date: Mar 4 Books dose: Mor 18 Kg lanjut One-for-three Shore split of $1 50 par into shares of $1 each Ex-date: Jan 27 Books dose: Feb 2035 words
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Article280 1988-02-13 15 Company RIGHTS ISSUE AMDS One-for-four $0.50 per shore C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for every five ordinary shares held. Duta Cons One-for-one $1 10 per share f ACB One-for-one $0.60 per share Hexzo Corpn One-for-two $0.80 per share IGB280 words
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Article82 1988-02-13 15 THE STOCK Exchange of Singapore has asked Shangri-La Hotel Ltd to indicate how it intends to use part of the proceeds of $29 million from its rights issue following its in-principle decision to pull out of a joint venture hotel project in Seoul. The company had intended82 words
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Article, Illustration770 1988-02-13 15 MBT THE NEW Straits Times Press (M) group's strategic move to diversify its sources of income has begun to show positive results, according to chairman Datuk Mohd Desa bin Pachi. This is shown in the significant increase in contributions from associated companies to the groupMBT - 770 words
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686 1988-02-13 15 Bernama ES THE KUALA Lumpur Stock Exchange now offers great potential to investors who have long-term funds, according a leading fund manager. Saying that it is now the best time to buy shares, Dr Tan Chong Koay, head of the investment services departmentBernama ES - 686 words
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428 1988-02-13 15 ELAINE KOH - By ELAINE KOH HOTEL PROPERTIES Ltd, owner of the Hilton Hotel in Singapore, has called a halt to its plan to acquire the plush Four Seasons (Inn on the Park) hotel in London's Mayfair district. The hotel group, owned by property magnate Ong Beng428 words
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Article, Illustration629 1988-02-13 15 JUNE LIM - Move to consolidate shiprepair service in region By JUNE LIM THE KEPPEL GROUP has added another leading repair yard Cebu Shipyard and Engineering Works Inc (CSEW) in the Philippines to its stable. This followed the acquisition of a majority interest in the Cebu629 words
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138 1988-02-13 15 Bernama ES SOUTEX Sdn Bhd, a whol-ly-owned subsidiary of South Pacific Textile Industries Bhd (SPTI), has bought 81 ha of freehold land in Batu Pahat. Johor, for its future growth and for the building of a textile complex. SPTI said Soutex entered into aBernama ES - 138 words
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Page 15 Advertisements
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Advertisement537 1988-02-13 15 /:~.|.&}$>-;:^/!;>]?}~___(+@@!> IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2>(b) AND IN THE MATTER OF CHERI PINK TRADING PTE LTD At an Extraordinary General Meeting of the above named Company duty convened and held at 6001 Beach Road. #1201 12-11 Golden Mile Tower. Singapore 0719 on537 words
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Advertisement618 1988-02-13 15 BAKST COMPUTER C? 7 SERVICES PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 7500 A -> Beach Road #11-330/322, Tfcs- Plaza, Singapore 0719 otk.y Friday, 12th February 1988 at 10.30 a.m. the following j Special Resolutions were duly passed That the Company wound618 words
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REGIONAL MARKETS
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451 1988-02-13 16 AFP TAIWAN investment firm Kruger's has resolved a run on investment funds which was triggered by a recently-launched government campaign to investigate unregulated investment companies A company official said it had returned US$24 million and would borrow additional funds from a South African firm,AFP - 451 words
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261 1988-02-13 16 Reuter JAPAN, the world s biggest producer of electronic calculators, is relying on imports *of calculators from Asia's new-ly-industrialised countries (NICs), industry sources said yesterday. Japanese imports of calculators soared to 19.23 million units in the 11 months to NovemberReuter - 261 words
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Article199 1988-02-13 16 TATA Iron and Steel Company Ltd (Tisco), India's biggest private sector industrial unit, will spend 11 billion to 12 billion rupees to boost steel production over the next four years, the company vice-chairman S A Sabavala said on Thursday. He said the firm plans to199 words
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Article1405 1988-02-13 16 Hongkong HONGKONG share prices closed higher yesterday on continued bargainhunting. However, trading remained thin as investors stayed cautious ahead of the US December trade data scheduled to be released at 1330 GMT yesterday, brokers said. The Hang Seng Index ended the day 30.75 points higher at 2,287.23,1,405 words
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Article512 1988-02-13 16 Reuter SHARE prices on the Tokyo market closed higher in modest trade on speculation that the US December trade data would show a narrower deficit than November, brokers said. Those expectations were encouraged by a higher dollar against the yen, sparking buying of export companies' shares. The Nikkei IndexReuter - 512 words
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Article418 1988-02-13 16 Reuter PRICES on the Australian share market closed firm yesterday, consolidating Thursday's 24-point gain, with demand for resource and gold issues outweighing weaker industrial prices. Brokers said that the two-day rise helped the market end the week on a "healthy note". "Gold stocks, which have looked oversold during theReuter - 418 words
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192 1988-02-13 16 Reuter fHE five-star Philippine Ptaza Hotel will be tendered in April following approval by a committee on privatisation of the terms of the sale, a government official said on Thursday. Mr Feliciano Belmonte, president of the Government Service and Insurance System (GSIS).Reuter - 192 words
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187 1988-02-13 16 AFP THAI agricultural business concern Charoen Pokphand Group said on Thursday that it planned to list its local subsidiary on the Hongkong Stock Exchange in April in a bid to expand its activities in China. A C P Pokphand Co Ltd spokesman saidAFP - 187 words
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2940 1988-02-13 16 SHARE prices on the Kuala Lumpur stock market were taken to higher ground for the third straight session yesterday in quiet trading. Singapore-based counters were targets of buying yesterday and led the win•"ners with double-digit gains at the close. Cases in2,940 words
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Article127 1988-02-13 16 FIB 12 WON Chwl Sugar ***** -800 Daelim Ind ***** 200 Daewoo Corp ***** unch Daewoo Heavy ***** unch Daishin Securities ***** 800 Dong Ah Phar ***** -300 Dong Suh Stock ***** 500 Dongbu Steel Gold Slar ***** ***** •100 -200 Haml Bank ***** Hand Cement ***** -500 Hankuk127 words
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Article165 1988-02-13 16 Reuter THE SECURITIES Exchange of Thailand Index rose by 0.79 pointf to 330.06 yesterday on a turnover of 3,330,242 shares worth 409.42 million baht. Reuter FEB 11 BAHT Ao Kham Thai 165 unch Ayudhya Invaafmant 320 unch Bangkok Aground Bangkok Bank 83 323 -2-5 -2 Bank Of Ayudhya CharoongReuter - 165 words
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Article281 1988-02-13 16 FH 12 MT All Sincara India Asia Camant Cathay Con* Chang Hwa Bank Chervg Loong Chta Hain Camant Chin Haln Flour China Cham China Oav China Elact Wire China Gulf Pias China Rahar China Staal Chung Hwa Pulp Chung Shing Tax Far Eaat Dapt Far Eaat Tax First Bank281 words
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Article85 1988-02-13 16 Ff 12 PESOS 1Acot« Mining Anglo Pt»it Ap«x Mining B 0 04 -0 002 Atlas Con 6 28 50 -05 Baguio GoM Bm*c P«tro4«um 0 017 unch BongurtCon B 90 unch First Phil HWg* W unch Lopanto B 0.53 001 Marataal Oriental B. .'.'.o to uncti Phil Ovaraoaa ...085 words
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WORLD MARKETS
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Article1086 1988-02-13 17 New York Reuter STOCKS FALTERED on the New York Stock Exchange on Thursday with prices closing narrowly mixed, ending a strong, two-day rally. Analysts said they were pleased with Thursday s market activity, especially considering that interest rates rose on signals that the economy may beReuter - 1,086 words
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969 1988-02-13 17 London Reuter SHARE PRICES on the London market opened mixed with a softer bias in the run-up to US December trade figures due at 1330 GMT yesterday. Dealers said overall nervousness over the likely extent of the US trade deficit, forecast at around U5513.75 billionReuter - 969 words
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Article1135 1988-02-13 17 Selected indices HONGKONG Hongkong Index Friday 25 Thursday 1.***** Week ogo 1,497 87 Hang Seng Index Friday 2.287 23 Thursday 2.256 48 Week ago 2.292 59 All Industrials Friday Thursday Week ogo NEW YORK Dow Jones Thursday Wednesday Week ago 1.939 8 1 9396 1.979 2 1.961 54 1.962 041,135 words
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Article95 1988-02-13 17 Reuter REUTERS Holdings PLC managing director Glen Renfrew expects a 25 per cent increase in pre-tax profit this year but said revenue growth would slacken. Mr Renfrew said at a press conference announcing the group's 1987 results that he had not yet abandoned his internal targetReuter - 95 words
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Article73 1988-02-13 17 Reuter ANDRE LEYSEN, chairman of a Belgian consortium with a major stake in Societe Generale de Belgique, said he was stepping down as the group's spokesman. A statement from Leysen's company Gevaert NV, said: "Since all the shareholders of the Belgian group could not ratify the accordReuter - 73 words
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Article, Illustration410 1988-02-13 17 Meetings between regulators and exchanges Reuter US GOVERNMENT regulators and stock and futures exchange leaders have launched a series of private meetings to discuss how to prevent another stock market crash, government sources said on Thursday. The meetings mark an unusual degree ofReuter - 410 words
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Article, Illustration153 1988-02-13 17 AFP BRITISH press tycoon Robert Maxwell has entered the chase for the Australian Financial Review. Mr Maxwell said that a 'substantial part of the negotiations' for Australia's top business paper had been completed and that he was preparing a formal bid for it. He saidAFP - 153 words
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553 1988-02-13 17 Reuter WALL STREET insiders say the turmoil in the biggest US brokerage firms is far from over as the industry attempts to grapple with a new market environment and era of austerity. High-level defections, layoffs and eliminations of entire departments have hit WallReuter - 553 words
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387 1988-02-13 17 Reuter WORLDS of Wonder Inc. the toy manufacturer that filed for Chapter 11 bankruptcy just before Christmas, is getting substantial new orders' for 1988 and expects to file a reorganisation plan by March 15. Worlds of Wonder chairman Donald Kingsborough saidReuter - 387 words
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155 1988-02-13 17 Reuter GENERALE de Banque, Begium's biggest commercial bank, said it and Amster-dam-Rotterdam Bank NV have taken 10 per cent stakes in each other through new shares without preference rights. Generale de Banque, chairman ot the executive board Eric de Villegas de Clercamp. told aReuter - 155 words
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Page 17 Advertisements
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Advertisement111 1988-02-13 17 NOTICE FAR EASTERN FREIGHT CONFERENCE SUM, BRUNEI MM SARAWAK FREIGHT CONFERENCE FAR ERST/GOLF OF ADEN AM RBI SEA PORTS CONFERENCE CURRENCY ADJUSTMENT FACTOR A review of the lotest currency values in February. 1988 has resulted in a radical downward adjustment of the Currency Adjustment Factor from Singapore and Malaysia. The111 words
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404 1988-02-13 18 CHUANG PECK MING - Eighth US-Asean dialogue ends By CHUANG PECK MING THE UNITED STATES has assured Asean that it would block protectionist bills from being passed by Congress. The assurance was given at the eighth Asean-US meeting which ended in Washington on Thursday. Responding to Asean's404 words
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Article222 1988-02-13 18 THE ISSUE at the heart of Singapore's protest over being ousted from the US Generalised System of Preferences scheme is not so much how the move will affect its exports, said BG (Res) Lee Hsien Loong last night. "The issue is that we had222 words
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352 1988-02-13 18 UPI AFP SINGAPORE'S Minister of State for Foreign Affairs, Mr Yeo Cheow Tong. has pointed out that he did not say what US Secretary of State George Shultz had accused him of saying. "When there are talks amongst friends, it's important to talk franklyUPI; AFP - 352 words
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461 1988-02-13 18 ANNA TEO - By ANNA TEO SINGAPORE is as prepared as it can be to face up to a major recession, according to Briga-dier-General (Res) Lee Hsien Loong. The Trade Industry Minister was asked last night by a member of the audience at the National University of461 words
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401 1988-02-13 18 Agencies MALAYSIAN politicians appeared to be uniting in a major effort to heal an apparent split among supporters of the United Malays National Organisation after a week-long crisis during which former Prime Minister Tunku Abdul Rahman moved to register a new political party.Agencies - 401 words
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104 1988-02-13 18 UPI A DARING green and black lace blouse worn by Marilyn Monroe in the 1956 movie "Bus Stop" sold on Thursday at Sotheby's Auctioneers in London for U5512,500 double the expected price. The audience at the staid auction house on New Bond Street wasUPI - 104 words
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144 1988-02-13 18 Reuter MALAYSIA'S leading research institute yesterday estimated the real growth rate of the country's economy at 4 per cent in 1987, double the government forecast announced in October. "Based on our findings and information received from authorities, we expect a 4 per centReuter - 144 words
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347 1988-02-13 18 AFP PRESIDENT Ronald Reagan has announced a new multi-billion dollar space programme that would send astronauts to a permanent orbiting space station. Mars and to the moon. "The policy clearly establishes that, for the first time, the United States has a long-range goal of expandingAFP - 347 words
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363 1988-02-13 18 Matsushita will give US$2b boost to R D Reuter MATSUSHITA ELECTRIC, the manufacturer of National, Panasonic, Technics and Quasar products, is spending US$2 billion this year on research and development. "Microchips are fundamental. Our first target is to boost the capacity and speed of semiconductors." said Masaya Nakajima, director ofReuter - 363 words
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129 1988-02-13 18 AFP AUSTRALIA will substantially increase its naval presence ir*.£ South-east Asia this year with. f port calls in Malaysia and pore, according to Defence Minister Kim Beazley. "These deployments will substantially increase our naval contribution in the region by the continuous presenceAFP - 129 words
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81 1988-02-13 18 Reuter CHINA'S communist party leader Zhao Ziyang yesterday warned Chinese citizens not to cheat their wealthier compatriots from Taiwan and to refrain from harassing the visitors with political lectures or demands for money. The People's Daily in Beijing r also urged local authorities toReuter - 81 words
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LATE FILE
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51 1988-02-13 18 AP PRESIDENT Ronald Reagan is expected to order the declassification of a memo to Attorney-General Edwin Meese that discusses a plan for payments to the Israeli Labor Party in exchange for the guaranteed safety of a proposed US$l-billion Iraqi pipeline, said the Washington Post yesterday.AP - 51 words
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Article44 1988-02-13 18 Reuter JAPANESE term customers will take less than 20 per cent of their contractual volumes of Saudi Arabian crude oil in March because the kingdom refuses to discount its oil price, oil industry sources in Tokyo said yesterday. ReuterReuter - 44 words
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Article33 1988-02-13 18 UPI JAPAN yesterday said it will not compensate the US for unfair import restrictions on two farm products. The decision leaves it open to possible US retaliation. UPIUPI - 33 words
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Article29 1988-02-13 18 Reuter LAOS yesterday accused Thailand of attacking its civilians and called for a ceasefire, amid signs that their six-month-old border clash may be widening. ReuterReuter - 29 words
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Article57 1988-02-13 18 AFP INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday that Jakarta is still ready to be host to "cocktail party" style peace talks on Cambodia. "We are still making Jakarta available as a place for a meeting," he said, adding, however, that it was up toAFP - 57 words
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Article57 1988-02-13 18 AFP EGYPT yesterday appealed for international help to save the statue of the Sphinx, which is disintegrating under the combined effect of erosion and rising underground water. Minister for Culture Faruk Husni called for the help of experts following yet another incident on Monday when halfAFP - 57 words
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Page 18 Advertisements
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Advertisement188 1988-02-13 18 s ss, w p» f ifl 1 i S3««3i3EsiM <«£H3S >!.* S&&&2 :.J? JSSWSg? f 'j :V ..:»> #f fr 1 itv *?1K 's*lo. mfmm wffilWfe m V: y'KP m '/stf i., &m m: h 1 .ST VIJ i-4 it •W*. < AUTHORISED DEALERS DAIMARU ISETAN ORCHARD ISETAN HAVELOCK METRO188 words
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