The Business Times, 12 March 1988
1988-03-12
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The Business Times
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Title Section12 1988-03-12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, March 12-13, 1988 75 CENTS12 words
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Article278 1988-03-12 1 Reuter Dow Jones lower WALL STREET stocks yesterday turned down after a firm opening on a surprise drop in producer prices and a small retail sales rise. Brokers said some profit-taking spilled over from Thursday and traders were wary of resistance at Tuesday s post-crash closing high.Reuter - 278 words
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164 1988-03-12 1 RUMOURS of a possible realignment of the European Monetary System weakened the British pound and US dollar against the West German mark during morning trading in Asia yesterday. But trading went into a lull during the afternoon, with the US unit and British pound164 words
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134 1988-03-12 1 Reuter VETERAN Vietnamese revolutionary Pham Hung has died of heart failure after only nine months in the job as prime minister, a Vietnamese embassy spokesman in Bangkok said yesterday. The official said that Mr Hung, 75, died on Thursday afternoon of a heart attack,Reuter - 134 words
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206 1988-03-12 1 Reuter TAIWAN'S government said yesterday in Taipei that it had issued a warrant for the arrest of a missing nuclear scientist and was investigating reports he had fled the country. Speaking to Parliament, Defence Minister Cheng Wei-Yuan denied press reports that the scientist missingReuter - 206 words
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Article, Illustration178 1988-03-12 1 MAJOR STOCK markets in the region were not much affected yesterday by the overnight plunge of 48 points in Wall Street. In Singapore, share prices drifted lower in the morning on light selling pressure but rebounded in the afternoon. The ST Industrial Index fell 3.10178 words
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494 1988-03-12 1 CORRINA LIM; MAGDALENE NG - Operational details still being ironed out By CORRINA LIM and MAGDALENE NG THE TWICE-POSTPONED proposed link-up between Sesdaq and its US counterpart, Nasdaq, may be delayed again. With only three days to go, operational details are still being ironed out. Broking sources said494 words
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471 1988-03-12 1 LIM SOON NEO - By LIM SOON NEO A DRAFT MASTER PLAN to revitalise the area known as the "Civic and Cultural District" of Singapore was yesterday released by the Urban Redevelopment Authority. The plan to be finalised after public and471 words
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Article68 1988-03-12 1 Reuter A CHINESE company bought 168 taxis for HK$llO million (US$l4 million) yesterday, giving it control of Hongkong's biggest taxi fleet. The Pearl River Shipping Company, owned by the provincial government of Guangdong, won a government tender after outbidding rivals with a price ofReuter - 68 words
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Article167 1988-03-12 1 STARTING this Sunday, the public can catch the Mass Rapid Transit trains all the way to Clementi from Outram Park when the system is extended to cover another six stations. This will increase the MRT route to some 30km and the number of stations167 words
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Page 1 Advertisements
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Advertisement268 1988-03-12 1 Nikon *M wWf'O s "(ntfi rrKKOyripit'C ifliffn {|&$+^&*><'~,@-.:~(~$*)$[.{(';< INSIDE JAPAN'S KENWOOD Corporation yesterday opened in Singapore its largest factory in the world with the announcement that the local subsidiary is likely to chum out $140 million worth of audio products this year. HOME NEWS, Page 4 TAIWAN, IN A MAJOR268 words
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Advertisement17 1988-03-12 1 FOCUS, Page 2: Restoring I If* and grandeur to a key district What appaals and what dossn't17 words
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Advertisement260 1988-03-12 1 ,!\){{+[<?|;?/$).=.*`."|~'>*+.% Desert bloom in the Outback Page 7 PlPllH Tita The World of Sue-Me Wong Page 7 Raw energy Thai style Page 9 The home-made baubles that Harrods bought Page 9 TV programmes for today and tomorrow Page 10 Ms ts Watcfe Sinatra, Sondheim and McCartney Page 10 Bertolucci's exquisite260 words
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FOCUS
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Article, Illustration1104 1988-03-12 2 LIM SOON NEO - A plan to bring life back to what was, in the 19th century, the civic and cultural hub of Singapore has been drafted by the planners. The plan will be fine-tuned over the next few months as the planners seek the views1,104 words
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Article, Illustration435 1988-03-12 2 IN WORKING OUT its draft master plan, tha Urban Redevelopment Authority has identified tha strengths and watanssM of tha Civic and Cultural District. It counts as a strength tha wealth of buildings wtth architectural and hiatorical significance. Theee include outstanding neo-clasaical buildings such as tha435 words
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Article, Illustration1659 1988-03-12 3 LIM SOON NEO - Since the trains began running late last year, Singaporeans have been discovering the joyful convenience and efficiency of travelling from home to office and vice versa in a jiffy, and exploring new lunch-time places. LIM SOON NEO in her story, timed for the official opening today, looks at1,659 words
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Article1235 1988-03-12 2 AT CONVENTIONAL WHARVES JUROMQ PORT Aulio Seroyo J1 alongside 12.03/1200 VnnI Barth Arrival Departure Ivan Borzov Rolu J2/3 J10/11 alongside alongside 1203/2300 1203/1500 KEPPEL WHARVES Sinmebin 11/8 J1 alongside 1203/0600 Alfesoni KI9 alongside 1603/1800 Sri Nam Hua 3 J2 alongside 12 03/0600 Alj Reliance KI8 alongside 1203/06001,235 words
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HOME NEWS
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391 1988-03-12 4 HARISH MEHTA - By HARISH MEHTA THE TRADE MISSION visiting India at about the same time as Prime Minister Lee Kuan Yew will comprise 17 top executives of 15 local companies. The mission, to be led by Trade Development Board chairman Alan Yeo, will391 words
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206 1988-03-12 4 HAVING IDENTIFIED key growth areas in the Indian economy, the Trade Development Board has evolved a strategy to develop further Singapore's existing trade with India in those areas. Firstly, the TDB will encourage Indian companies to use Singapore as a marketing base to sell to206 words
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317 1988-03-12 4 AN APPLICATION by the Singapore Animal Husbandry Enterprises Ltd (SAHE) to seek shelter under judicial management was approved by the High Court yesterday. Judge L P Thean also granted judicial management to its food processing subsidiary, SAHE Food Industries. Three judicial managers all from317 words
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Article, Illustration388 1988-03-12 4 JAPAN'S Kenwood Corporation yesterday opened in Singapore its largest factory in the world with the announcement that the local subsidiary is likely to churn out $140 million worth of audio products this year. With the opening of the $25 million factory in Ang Mo388 words
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251 1988-03-12 4 LOOK BEYOND the traditional careers, Dr Tay Eng Soon. Minister of State (Education), told young Singaporeans yesterday. Singapore's changing economy and society are throwing open many new career opportunities in, for example, agrotechnology, food technology, industrial or product design, the para-medical field and251 words
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304 1988-03-12 4 THE PUSH to put the teaching profession on a higher plane in the public's eye will cost the Education Ministry $200,000. The publicity campaign kicks off tonight with the first of a series of television advertisements. The aim will be to304 words
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Article40 1988-03-12 4 THE INLAND Revenue Department's Collection Division (Property Tax Branch) and the Valuation and Assessment Division will move to the Albert Complex on March 21. The new address is 60, Albert Street. #11-00 Albert Complex. Singapore 0718.40 words
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Article37 1988-03-12 4 IN YESTERDAY'S report, "Japanese realty buyers eyeing Adis Villas", we stated that the building's total net floor area was 1,060.6 square metres. It should be 2,268.7 square metres. We are sorry for the error.37 words
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Page 4 Advertisements
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Advertisement144 1988-03-12 4 I I *•> f ARVE A NICHE WITH POINT 1 You've arrived. You've made it to the top three percent. You've rightfully earned yourself the authority and the power to manage a corporation's affairs and its company of people. It's time you reward yourself with the highest honour. It's time144 words
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Page 4 Miscellaneous
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Miscellaneous136 1988-03-12 4 v/S'Z Max/ Note Mln (•C) 19/13 Show.rs 07/05 Ooar 11/06 Cloudy 25/19 Cloudy 34/24 Fair 30/20 Cloudy 10/02 Cl«ar 18/10 Rain 03/02 Cloudy 05/-3 Rain 20/16 Cloudy 05/00 Cloudy 31/19 Haz* 08/03 Cloudy 27/20 Cloudy 20/11 Cioor 07/00 Cloudy 27/12 Roin 26/15 Cloudy 04/02 Cloudy 02/01 Cloudy 32/26 Cloudy 11/02136 words
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OVERSEAS
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338 1988-03-12 5 AFP UPI IRAQ and Iran traded missile attacks on each other's cities on Thursday, hours after Teheran and Baghdad both said they would halt such attacks if the other side did. Iraq had offered to stop attacking Iranian cities after firing 51 missiles atAFP; UPI - 338 words
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204 1988-03-12 5 AP ROYALTIES from the classic children's tale Peter Pan should, like the book's hero, go on forever, the British House of Lords has decided. The Upper Chamber of Britain's Parliament decided on Thursday to amend copyright laws so that the 50-year expiry ruleAP - 204 words
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Article950 1988-03-12 5 ARRIVALS Operator Swvic* Local From numbor thno OA OA471 0015 ATH SU SQ11 0115 LAX/NRT UA UA805 0120 SFO/HKG MAS MH619 0125 KUt CAL 0333 0405 TPt SU SQ41 0610 MAA MK MK746 0725 MRU MAS MH601 0730 KUL MAS MH681 0820 KUl SU SQ417 0820 DXB/KHI950 words
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231 1988-03-12 5 AFP JAPANESE carmakers have decided to continue their self-imposed restraint on car exports to the European Community (EC) in the second quarter of this year, a newspaper said in Tokyo yesterday. The Nihon Keizai Shimbun said the decision was taken in order to preventAFP - 231 words
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136 1988-03-12 5 Opecna AN AGREEMENT was signed in Beijing on Wednesday between the Kuwait Fund for Arab Economic Development and China formalising a loan of U5518.27 million towards the financing of the first phase of the Jinzhou Harbour project. The scheme aims at meeting the increasedOpecna - 136 words
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105 1988-03-12 5 Bernama DATUK SERI Dr Mahathir Mohamad yesterday said the government does not plan to make Petronas the catalyst for growth of ancillary petroleum industries. He said in the Dewan Rakyat (parliament) that in line with the national development policy, the privateBernama - 105 words
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258 1988-03-12 5 AFP THE Philippine economy should grow by 7.4 per cent this year, buoyed by robust consumer demand and a more stable political climate, a conservative economist said in Manila on Thursday. Helped by these factors, investment should grow by 30 per centAFP - 258 words
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172 1988-03-12 5 Reuter PRESIDENT Ronald Reagan said in Washington on Thursday that he was looking forward to meeting Mikhail Gorbachev in Moscow this year and is confident their fourth summit will be worthwhile even if no arms pact is signed. In an interviewReuter - 172 words
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335 1988-03-12 5 Reuter TAIWAN, m a major policy reversal. has announced that it would open It markets to a wide range of good* and raw material* from China Premier Yu Kuo-hua told Parliament the government would continue to reatrict imports of agricultural produce and lightReuter - 335 words
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Article122 1988-03-12 5 AFP US SENATOR Alan Cranston on Thursday called on the government to withdraw an agreement to allow Japan to extract Plutonium from US nuclear waste, warning that "otherwise it faces serious opposition" in Congress. The agreement, signed last November, would allow Japan to recover plutonium fromAFP - 122 words
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262 1988-03-12 5 AFP US Secretary of State George Shultz on Thursday called US foreign aid embarrassingly low compared with that doled out by Western European countries. "If we compared our effort in that regard with our European friends, I think we would see a somewhat embarrassing picture,"AFP - 262 words
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172 1988-03-12 5 AFP SHINJI FUKUKAWA, Japan's Vice-Minister of International Trade and Industry, said on Thursday in Tokyo that his ministry's views remain unchanged despite revelations that the Soviet Union possessed technology to make quieter submarine propellers even before Toshiba Machine Co made illegal sales to Moscow.AFP - 172 words
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Page 5 Advertisements
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Advertisement59 1988-03-12 5 fI 1/ \1 If I yi The business person's choice, every I f II 111 I Tuesday. Thursday. Saturday and 1 I M I Ml IV m Sunday. Leaving Changi Airport at I W. y 1 J. 22:05 hours and arriving at Lester B Pearson International Airport the following day.59 words
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Advertisement79 1988-03-12 5 *>■* 11 v L A m =4 I —I THERE ARE BELTS, AND THERE ARE DUNHILL BELTS. V The finest collection of belts is available in a choice of luxury leathers and quality skins like crocodile and ostrich. And the buckles are equally distinctive: gold-plated, stainless steel, and lacquer. Prices79 words
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Page 5 Miscellaneous
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Miscellaneous44 1988-03-12 5 Doonesbury THE TOWNSFOLK CONFRONTED him on the EP6E of touon. EVENTUALLY, OF COURSE, THE OUTHPe** PAST CAUGHT UPMJTTH HIM. r m i i eM 11 ii BY GARRY TRUDEAU A REBEL FOR THE NEW AGE. I FEEL VERY GOOP ABO/T MYSELVES! 1 4 i44 words
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PERSPECTIVE
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Article529 1988-03-12 6 A NEW LIFESTYLE for Singaporeans will today be officially opened by Prime Minister Lee Kuan Yew. It is not just the Mass Rapid Transit System that he will declare open. The experience of those who live or work near MRT stations has been that life529 words
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Article, Illustration849 1988-03-12 6 CHRIS PETERSON - While the people in Hongkong ponder their future under Chinese rule, the judicial system seems to be riding the crest of a storm, part of which has been fuelled by the unhappy handling of the Carrian trial. Meanwhile, Chinese judges have been told they mayReuter - 849 words
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359 1988-03-12 6 Yours sincerely Singapore Resident - Letters to the Editor Yours sincerely Singapore Resident Dear Sirs Business Times on Feb 29, 1988 reported that $38 million in revenue was collected by the government through the 3 per cent cess levied on gazetted hotel rooms sales and gazetted tourist food359 words
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251 1988-03-12 6 Tan Hup Poi - Tan Hup Poi Trans-Island But Sendees Ud Dear Sir Thank you for your article "TIBS to acquire 20 per cent stake in leasing company" in the Business Times of March 8. We wish to clarify certain statements therein. 1 TIBS has not entered251 words
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Article232 1988-03-12 6 Liu Tsun Kie - Liu Tsun Kie for Permanent Secretary Ministry of Finance Revenue Division Daar Sir We refer to your report (BT 5-6 Mar 88 Weekend Edition) on the revision of Part B of the 2nd Schedule to the income Tax Act. In your report, you stated232 words
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Page 6 Advertisements
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Advertisement76 1988-03-12 6 I I SING A i' <> K K AJL 11)688 \r \f INCLUDING World Paper Cooling the Cold War $4 A MONTHLY JOURNAL OF WT vsli: Making Singapore into a top courier hub Women entrepreneurs on the small biz scene Marinas: Berth of a dream Optics industry: Back into the76 words
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Advertisement56 1988-03-12 6 BT welcomes letters from readers. Your letters must include your signature, full name, address, and home C and office telephone numbers, if any. You may add a pseudonym, if you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923. Get it straight From Stagapore.56 words
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Page 6 Miscellaneous
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Miscellaneous804 1988-03-12 6 CRYPTIC PUZZLE ACROSS 9 No longer seemed to be alight, one found (6. 3) 10 Emptied thoroughly (6, 3) 12 Take with you on the trip, to wear (4) 13 In "The Spanish Main," goes about disguised as a girl... (6) 14 the gore-spilling and noise in it are wearing804 words
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Executive Lifestyle
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Article251 1988-03-12 7 IF THE SEX trade is hurt by publicity about the deadly disease Aids, so too is one innocent US candy manufacturer. Dep Corporation is complaining that sales of its diet candy have dropped 50 per cent over the past few years since the disease become widely251 words
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Article, Illustration756 1988-03-12 7 JAIME LYE - T \a Witt) JAIME LYE I THOUGHT it would make the perfect story idea a first-hand account of what it's like to be picked up. Somehow, visions of hungry lewd men propositioning a lonely woman traveller along the streets of Hongkong's seedy Wanchai district around756 words
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Article, Illustration1528 1988-03-12 7 JAMES QUEK - By JAMES QUEK DESERTS are blazing hot and unforgiving, taking their toll on both wildlife and the people who trespass the hardened soils. Dried bones and rotting flesh are their only sorry remains. There is no relief from the sea of sand as far as1,528 words
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Executive Lifestyle: Enetertainment & Pursuits
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Article, Illustration559 1988-03-12 9 CHARLES SAVAGE - HANDICRAFT By CHARLES SAVAGE HARRODS buyer Jean-Pier-rei was so fascinated by the Christmas baubles he discovered at the home of his diplomat friend here that he wanted to know where he could get hold of 300 baubles for the premier London department store.559 words
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Article, Illustration792 1988-03-12 9 RICHARD SEAH - HEALTH By RICHARD SEAH THAI FOOD to many Singaporeans means seafood and rich, coconut-milk curries high cholesterol stuff that cannot be very healthy. That is Thai restaurant food, and restaurant food anywhere tends to be rich anyway. It is not what the people792 words
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Article, Illustration769 1988-03-12 9 FOOD By THE FOOD TEAM THE IDEA of sending a Chinese chef and his food to Hongkong is somewhat like shipping coal to Newcastle. It takes chutzpah, or if you like, plain gall. But the Sheraton Towers hotel's premier Chinese769 words
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Executive Lifestyle: Enetertainment, the Arts & Pursuits
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Article, Illustration1035 1988-03-12 10 LAWRENCE TAN - CINEMA By LAWRENCE TAN ABANDONMENT, rather than spectacle, is at the heart of Bernardo Bertolucci's vision of regal China taking its last breaths. Its landscape is vaster and more lonely than the Manchurian desert. its trauma deeper than that of political turmoil.1,035 words
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Article, Illustration532 1988-03-12 10 CHARLES SAVAGE - OBITUARY: ANDY GIBB By CHARLES SAVAGE SINGER ANDY GIBB, youngest brother of the Bee Gees, died of an undisclosed illness in Oxford, England, on Thursday. Gibb, who had just turned 30 last Saturday, had been admitted to John Radcliffe Hospital, 100 km north-west of London, on532 words
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Executive Lifestyle: Enetertainment & the Arts
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Article, Illustration1217 1988-03-12 11 JAIME LYE - TELEVISION By JAIME LYE LORNE BLAIR was talking about voices from within. Actually, he was talking about what his 70-year-old mother does for a living in Australia. She's a "consciousness" therapist, trained in the technique of drawing out the various diverse and completely independent personalities1,217 words
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Article, Illustration671 1988-03-12 11 GENEVIEVE CUA - MUSIC By GENEVIEVE CUA ELECTRICAL engineering profes3or Amar Bose had pored over books and manuals of specifications before buying what he thought was the perfect hi-fi in 1956. But the strains of music that wafted from his set sounded shrill to the671 words
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199 1988-03-12 11 SHORT TAKES PEOPLE in dozens of countries will be asked how they make love, how often and with whom, in a World Health Organisation (WHO) survey aimed at curbing the spread of Aids. Dr Manuel Carbello, a Spanish WHO official at199 words
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Article, Illustration474 1988-03-12 11 JEFFREY TSANG - MOTORING By JEFFREY TSANG LANCIA, which has been virtually non-existent in our market in the last two years, is about to make its re-entry. And its timing couldn't have been better. The Italian marque's relaunch in Singapore on April 2 comes at a time when474 words
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Article917 1988-03-12 11 CINEMA: Stakeout starring Richard Dreyfuss and Emilio Estevez. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Profect X starring Matthew Broderick and Helen Hunt. Showing at Orchard: 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. Batterlea917 words
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SPORTS & LEISURE
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Article, Illustration676 1988-03-12 12 WALTON MORAIS - GOLF By WALTON MORAIS SAYING IT must be because he likes Singapore, Taiwan's Chen Tze Ming surged into a two-stroke lead at the halfway stage of the U*****,000 Singapore Open golf championship and stayed on course for his second title in676 words
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Article, Illustration1182 1988-03-12 12 SHIRISH NADKARNI - SQUASH From SHIRISH NADKARNI IT MUST BE one of the abiding ironies of fate that a sporting immortal had to prove himself humanly fallible in order to reconfirm his greatness. Jahangir Khan's defeat in four sets at Madrid last Sunday, at the hands of compatriot1,182 words
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Article311 1988-03-12 12 AFP A VERY HOMESICK Jansher Khan demolished yet another luckless opponent in the second round of the French Squash Open in Paris on Thursday. This time it was the turn of Martin Bodimeade of England, ranked 23rd in the world, to feel the power of theAFP - 311 words
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Article, Illustration199 1988-03-12 12 Reuter AMERICAN John Slaughter finished level with Spanish duo Jose Maria Olazabal and Emilio Rodriguez on four-under-par 68 on the first day of the Majorca Open golf tournament on Thursday. Hot favourite Severiano Ballesteros would have joined the leading trio but faltered atReuter - 199 words
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967 1988-03-12 12 Jerome Fandor - on TMCk with Jerome Fandor MEASURE II is the early favourite for the Singapore Derby to be run over 2.400 m tomorrow. This beautiful mare by Danseur Etoile out of Wood Court Inn finally shook off the label of being a classic race967 words
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Article, Illustration614 1988-03-12 12 MIKE THUMBA - BRIDGE by MIKE THUMBA I AM SORRY I do not have enough juicy stories of boldness in the love affairs of bridge players. But I do want to discuss boldness in bidding and play! Before I begin, some background information would help. For the614 words
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Executive Lifestyle: Personal Investment
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802 1988-03-12 13 RC - STOCK MARKETS Keeping trade... ■by RC A HUGE HOARD of cash is building up. Like the vital grease that lubricating the engines of all stock markets the more cash there is, the higher stock prices will eventually become. It was the marshalling of802 words
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Article, Illustration431 1988-03-12 13 Ramesh Chandiramani - SGMfj 1 by Ramesh Chandiramani THE MOMENTUM for this week's credible 20-point rally by the Straits Times Industrial Index was actually set in motion a couple of weeks ago. The key world markets had already stabilised, and Tokyo had started racing ahead of the pack thanksSource: Investamatic - 431 words
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605 1988-03-12 13 ART TRADE Sotheby's Research Department AFTER several hectic weeks, activity in the main centres of the art market found some breathing space this week. In New York, a sale of fine jewels realised a total take of almost US$3 million with just 9 perSotheby's Research Department - 605 words
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543 1988-03-12 13 PETER PASSELL - US ECONOMY By PETER PASSELL IHT VIRTUE is nice, but sometimes luck will suffice: Four months and much hand-wringing after the October crash, the US economy seems no worse for wear. In fact, there is growing reason to think that the stockIHT - 543 words
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1145 1988-03-12 13 RAMESH CHANDIRAMANI - INVESTMENT TRUSTS By RAMESH CHANDIRAMANI IS THERE some hidden value to be had in the investment trusts sector that most stock market players don't seem to be aware of? Some people appear to think so. The stock prices of all the Big Four1,145 words
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Page 7 Advertisements
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Advertisement21 1988-03-12 7 FOR THE CARD THAT GIVES YOU THE HIGHEST SPENDING LIMIT OF ANY VISA CREDIT CARD, CALL 532 3577 CHASE CLASSIC VISA21 words
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Advertisement223 1988-03-12 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 fruit223 words
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Page 8 Advertisements
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Advertisement761 1988-03-12 8 COURVOISIERXO Where to eat, drink... THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price l For starters take your pick of our cotd dishes prawns on ce. fresh oysters smoked salmon meton and dried ham vegetable ternne mixed seafood satod cooked assorted vegetables761 words
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Advertisement169 1988-03-12 8 t I Iking invasion! A buffet to satisfy even the most ravenous Viking warriors! The smorgasl>ord spread tempts with Matjis herring, smoked salmon, liver pate, gravl&x. Pitt 1 Panna and other exotic sounding delicacies. Plus 20 desserts to follow! Over 60 Scandinavian delights to sample Adult $31 Child 15* Akvavit169 words
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Page 9 Advertisements
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Advertisement568 1988-03-12 9 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFE T ANOTHER IS THF CHOICE <M- MAIN IX H USES W For between $26+ and $40+ you can select from our appetiser vjKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish568 words
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Page 9 Miscellaneous
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Miscellaneous1040 1988-03-12 9 r?ss'l Financial News 9.00 News Weather Forecast. 0.10 Breakfast Classics (cont'd) Chopin, 0.00 News in Brief 9.03 Financial News t.15 Programme Summary followed by World of Songs &30 Story Time 10.00 Music Room. 10.30 Background to Music 11.00 News in Brief 11.03 Beautiful Music Saturday BBC St.9 mHz In VHF1,040 words
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Page 10 Miscellaneous
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Miscellaneous1597 1988-03-12 10 Sinatra, Sondheim and McCartney Movies A Might To Remember is a meticulously produced, documentary-style account of the sinking of the Titanic. Roy Baker directs this vivid enactment of Walter Lord's book. Stars Kenneth More and Ronald Allen. (Today, 8.30 pm. Channel 12) Frank Sinatra's first TV movie role sees him1,597 words
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Page 11 Advertisements
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Advertisement166 1988-03-12 11 Welcome to the new comforts of home There are changes in the air at Hotel gami Equatorial Kuala Lumpur. Most /Lwt f(£U£ important is the total make-over in v our rooms and suites, now in a Jf modern, contemporary style that's charmingly comfortable. A new refreshing look greets you at166 words
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Page 13 Advertisements
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Advertisement532 1988-03-12 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, S'pore 0923. PRIMA LIMITED (FLOUR MILLS) (Incorporated in the Republic of Singapore) COMPANY ANNOUNCEMENT The Director* of Prima Limited are ptiwd to make the532 words
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MONEY AND EXCHANGES
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Article1530 1988-03-12 14 Reuter Reuter SINGAPORE: Both the US dollar and sterling closed lower yesterday following speculative selling and profit-tak-ing, dealers said. Trading was fairly active and nervous in the morning due to rumours about a possible realignment of the European Monetary System, which weakened the dollar and sterling but strengthenedReuter - 1,530 words
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Article276 1988-03-12 14 Asian market Reuter ASIAN DOLLAR deposit rates closed little changed yesterday from opening levels after moderate trading, dealers said. Short-dates were steady to slightly higher initially underpinned by a firmer US Fed funds rate. Thereafter rates were unchanged and weekend closed at 6-5/8 6-1/2 per cent and weekfixed at 6-11/16Reuter - 276 words
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Article170 1988-03-12 14 Gold futures on March 10 100 tray ounces USS par troy ounce Op Ml Htg* Lam MM* Mor 443.20 7.00 Apr 444.00 444.80 441.50 444J0 7.00 May 446.60 7.00 Jui 448.50 449JO 446.00 449.00 7.)0 Aug 453.00 454.00 450.00 453J0 7.20 O0 458.00 460.00 456.80 458.20 7.30170 words
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Article82 1988-03-12 14 Treasury bills Period Issue Yesterday's closing Day's code Maturity RID OFFER HIGH LOW 3 months BQ*****Z 9.6.88 2.95 2.90 2.96 2.91 6 months BY*****S 30.6.88 2.98 2.93 1 year RY*****T 24.11.88 3.04 2.99 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID82 words
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Article, Illustration183 1988-03-12 14 Indicate* the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on March 11 us$ DM SWFC Y«n 7 doyi 4 13/14 11/14 1/4— l/t 3 7/14 J/14 a i 3/4 3 3/4 J/t 1 mil 7/t 3/4 3/4 S/t183 words
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Article515 1988-03-12 14 JUNE Eurodollar opened unchanged yesterday on Simex from Chicago's level at 92.77 but sharply lower than the previous closing level as prices eased overnight due to inflation fears brought about by rising crude oil and gold prices. Trading was however confined to narrow range of 92.75/92.79 as traders were515 words
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Article225 1988-03-12 14 Reuter IMM foreign currency futuree closed mixed on Thursday, with West German marks firm on profit-taking from recent long British pound/short mark spread positions. Traders said comments by UK Chancellor of the Exchequer Lawson before Parliament that a further rise in sterling, especially against marks, looked unsustainable also promptedReuter - 225 words
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Article55 1988-03-12 14 THE OVERNIGHT rate on the Singapore interbank market rose 2% points to end at 3% per cent yesterday. Term rates were unchanged. S$ Interbank rates at 12 noon yesterday: OffB MO cw 3 1/4 3 1-mon* 3 1/1* 2 5/16 2-flien*. 3 1/16 2 5/16 3-manih 3 1/1655 words
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Article1557 1988-03-12 14 CURRENCY FUTURES OPTIONS Friday, Mordi 11 1988 DEUTSCHE MARK (8IMEX) Apr SB cmUt Apr H puis 54 55 56 57 54 59 AO *1 62 63 64 65 66 67 66 2698 1828 1098 60 32 60 32 274 187 113 60 32 12 5 3 CA8 CAS CAS1,557 words
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Page 14 Advertisements
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Advertisement9 1988-03-12 14 !li BANQUEINDOSUEZ 3 Shenton Way, Shenton House, Singapore 01069 words
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BANKING AND FINANCE
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605 1988-03-12 15 Reuter MANY INTERNATIONAL securities houses are pursuing long-term strategies of globalisation despite the damage they suffered in last October s market crash, but most say they are being more cautious. Nomura Securities Co Ltd, Nikko Securities Co Ltd, Morgan Stanley Group Inc, Warburg Securities,Reuter - 605 words
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Article185 1988-03-12 15 Reuter THE HONGKONG Futures Guarantee Corp had set the size for the guarantee of all contracts trading on the Hongkong Futures Exchange at HK$lOO million, said a futures exchange publication. The report said the size of the guarantee "will be responsive to the risk itReuter - 185 words
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281 1988-03-12 15 Reuter PANAMA, racked by economic and political strife, had told Japanese investors that it could not make a five billion yen bond payment due last Thursday, bankers said. The country blamed its failure to make the final payment on the 10-year bonds onReuter - 281 words
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Article, Illustration510 1988-03-12 15 LEONG WEN WAH - By LEONG WEN WAH THE expatriate community in Singapore is expanding quite rapidly, what with 50 foreign nationals, including nearly three dozen West Germans, arriving to set up the first bank operational headquarters here. West Germany's largest bank, Deutsche Bank AG, is relocating510 words
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Article247 1988-03-12 15 Reuter SUDAN'S economic problems have worsened as its currency plunged to a record low on Thursday against the US dollar on the black market amid speculation of a devaluation. Bankers said the dollar was traded at 10.8 Sudanese pounds, more than twice the official exchangeReuter - 247 words
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Article69 1988-03-12 15 Reuter THE STATE-OWNED Export Import Bank of India has reduced interest rates on both buyers' and suppliers' credit by one percentage point The new rate for both suppliers' and buyers' credit is 7.5 per cent against 8.5 per cent previously and is applicable if exportsReuter - 69 words
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COMMODITIES
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Article223 1988-03-12 15 Reuter HONGKONG: Gold closed little changed yesterday from New York's level after a weak opening. Bullion ended at U*****.50/444.00 an ounce. On the local market, gold finished HK$65 higher at HK54,137 a tael. Krugerrand rose HK$6O to HK53,455. The Australian Nugget and Maple Leaf both gained HKJSS toReuter - 223 words
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Article233 1988-03-12 15 Chinese Produce Exchenge Saltan' noon doting pric *s on March 11 (SS/100 kg) Coconut oil tuft FOB 108.00 Old drum FOB 118.00 N*w drum FOB 122.00 Copra Mixed (loos*) 61 Pepper Muntok whit* FOB NLW 1092JO Sarawak whir* FOB faq NIW 1077JO Sarawak tpodal black FOB NLW 802.50233 words
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Article307 1988-03-12 15 London Commodity Exchange lvyflf/S#Ntf doling Mordt 10 (£/'torn* (tod). prleot on untou ip*dHigh/Low 189.00/187.40 Sato» (1774 Raw No 6 OF 222.0 (219.0) No 6 FOB 189.0(186.0) WW% No 5 234.5 (232.0) Oil* (USJ/tonrv«) Proviow doting pric*t In poftfritosh. Potm oil M'tian crud* CIF UK/Rotterdam CoffM (oth In-ttor* London,307 words
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Article264 1988-03-12 15 Reuter SINGAPORE The rubber market closed quietly steady yesterday with April 1 RSS buyers quoted at 220.25 cents/kilo, up 0.25 cent from Thursday's close, dealers said. Trading remained quiet in the absence of fresh factors. MALAYSIA The rubber market closed slightly higher yesterday on light pre-weekend covering despite theReuter - 264 words
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Article238 1988-03-12 15 RAS prices m s cmmq, fob in t>«t* NOON CLOSE ftuyorc Sollors Kuyor* Sol Ion bit 1 RSS Prompt 222.00 223.00N 221.75 222.75N Int 1 RSS Apr 88 220.50 221.00N 220.25 220.75 Int 1 RSS May 88 222.50 223.00 222.25 222.75 Int 2 RSS OP 218.00 220.00N238 words
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Article84 1988-03-12 15 (cant>/kg) APRIL 1986 MAY 1988 (currant month) (forward month) RAS NOON NOON Ivy an Saltan Ivy an Saltan SSR 20 220.00 222.00N 220.00 222.00N SSI 50 218.50 2 20. SON 218.50 222.5ON MRELB •uyan Saltan Ivyan Saltan SMI cv 298.50 300.50N 299.50 301. SON SMR I 298.5084 words
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Article136 1988-03-12 15 Bernama ES THE price of tin on the KLTM roee 4 cents yesterday to dose at M 517.33 per kg on overseas demand, dealers said. Despite sterling's weakness against the rlngglt after Its recent strong upsurge, the market managed to attract European and Japanese buying Interest as someBernama ES - 136 words
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Article96 1988-03-12 15 Crude rebounded on rumours of production cuts by Opec. Regional grades, however, continued to weaken. Products followed the crude rally. Closing prices for crude (FOB origin) USS/borroJ Otanpo Tapta (Mar) 16.05 -0.20 Mlnoi (Mar) 16.90 -0.20 Dubai (April) 13.15 4 0.50 WMI Toioi WH tAprfl)* 16£3 0-S396 words
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Article253 1988-03-12 15 Reuter WHEAT FUTURES closed on Thursday on the Chicago Board of Trade near the lows, down 4-3/4 to 9 cents per bushel in moderate trade. May settled below the psychologically key US$3.OO mark at U552.973/4 after posting a 9 cent range on the day, keeping the chart picture bearish.Reuter - 253 words
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Article401 1988-03-12 15 Bernama ES Crude palm oil futures closed slightly higher in moderately active trading on the Kuala Lumpur Commodity Exchange yesterday. There were no fresh factors to lead the market into a better situation. Dealers said the market also experienced short covering and technical buying. Spot month March wasBernama ES - 401 words
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Article230 1988-03-12 15 Reuter SOYBEAN FUTURES eased on Thursday on the Chicago Board of Trade after trading mostly higher in the morning, closing with losses of 2-1/4 to 6 cents per bushel in moderate trade. May settled at US$6.lO-1/4 after posting a 9-1/4 cent range on the day. keeping the chart pictureReuter - 230 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4231 1988-03-12 16 THE OVERNIGHT plunge of 48 points on Wall Street added a cautionary note to the Singapore stock market, which closed mixed in moderate trading yesterday. Dealers said share prices ended the morning marginally lower over a broad front on lack of fol-low-through buying4,231 words
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Article207 1988-03-12 16 SINGAPORF Picoc Indices nlaCS Monti 10 Man* II Soere Lmd 575 >TC| 1"* 1 UOiO 929M fTJ IT Oi OS +1(3 134 ftoftvnam Mita 600 t if ,T CA01 -6M -*92« t o ,T -6W W4 »u™k, oas o ,TO,v ♦limtl I1S4U* STSTlOp tj 943*6 940J4 Notlrw207 words
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Article3075 1988-03-12 16 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lota of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".3,075 words
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Article477 1988-03-12 16 KUALA LUMPUR KEPONG Berhed: 15th AGM at Wiama Taiko, 1 Jalan S.P. Seenivaaagam, ***** Ipoh, Perak, today, March 12, at 12.30pm. VAN DER HORST Limited: 14th AGM at 11 Pandan Crescent, Singapore 0512 on Tuesday. March 15 at 10am. AVIMO SINGAPORE Limited: 14th AGM at Leo Room, marina477 words
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COMPANY NEWS
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421 1988-03-12 17 COFFEE TRADER Teck Hock Co gained more time to put together a rescue scheme when the High Court yesterday stayed a winding-up action filed by an unsecured creditor. The creditor, Tadivat International SA, agreed to the stay since there was421 words
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Article237 1988-03-12 17 GRAIN MILLER Prima Ltd (Flour Mills) has turned in a strong 13.5 per cent increase in pre-tax profits to $18.3 million for last year despite a poorer secondhalf performance. At the attributable level, profits grew by 3.7 per cent to $22.39 million ($21.60 million previously).237 words
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189 1988-03-12 17 MBT HARRISONS MALAYSIAN Plantations Bhd has recorded an impressive 60 per cent jump in its unaudited pre-tax profit to M 583.48 million for the nine months ended Dec 31, 1987 from M 552.32 million previously. This was achieved on a higher turnover ofMBT - 189 words
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140 1988-03-12 17 KEPPEL Corporation s recentlylisted subsidiary, Keppel Philippines Shipyard Inc, has turned in record profits for 1987. The subsidiary, listed on the Manila and Makati stock exchanges in August last year, reported a 36 per cent increase in revenue from shipbuilding and shiprepair to 68.3140 words
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Article, Illustration234 1988-03-12 17 NST MALAYSIAN Deputy Agriculture Minister Datuk Alex Lee was yesterday ordered by the Kuala Lumpur High Court to pay U556.69 million plus interest to three banks. The court allowed an application for final judgment sought by Kleinwort.NST - 234 words
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356 1988-03-12 17 MBT MALAYSIA MINING Corp has achieved a three-fold jump in group pre-tax profit to M 552.1 million for the year ended Jan 31, 1988, against only M 515.4 million previously. Turnover surged 62 per cent to M 5524.7 million. A final dividend ofMBT - 356 words
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COMPANY BRIEFS
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Article58 1988-03-12 17 OVERSEA-CHINESE Banking Corp has accepted Austrac's cash offer of $4.10 for each share it held in Australian glass and packaging company ACI International Ltd. Takeover vehicle Austrac Investments said it now holds 72pc of ACl's 402-million issued share capital following acceptances from OCBC and the US58 words
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28 1988-03-12 17 GENERAL Securities Investments Ltd said its unaudited consolidated net tangible assets backing per share was $2.27 as at Jan 31, 198828 words
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Article51 1988-03-12 17 WANNIAN Holdings Ltd will be taken off the SES official list with effect from March 15. Wan- nian became a shell company after its liquidators sold off its last major asset, the Furama Hotel, to the local Samta group for nearly $50m last51 words
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Article53 1988-03-12 17 ROTHMANS INDUSTRIES Ltd reported a pre-tax operating profit of $21.21 m for the six months ended Dec 31, 1987, from $19.37 m previously. Turnover increased to $75.11 m from $74.90 m previously. An interim dividend of 3.75 cents a share has been declared against53 words
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Article37 1988-03-12 17 DBS BANK'S wholly-owned subsidiary, DBS Venture Investments Re Ltd, has increased its issued and paid-up capital from $181,548 to $195,448 with the issue of an additional 13,900 redeemable preference shares of $1 each37 words
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Article, Illustration472 1988-03-12 17 ELAINE KOH; LISA LEE - Property developer faces action as guarantor for a $130 m loan By ELAINE KOH and LISA LEE A SYNDICATE OF 12 banks lad by Societe Generate has slapped another suit on property developer Hendra Rahardja this time as guarantor for a472 words
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Article, Illustration335 1988-03-12 17 BESTLAND Development Pte Ltd, the owner of the Glass Hotel in Haveiock Road, was ordered to be wound up in the High Court yesterday. An Official Receiver was also appointed as the liquidator for the company, which is 51 per cent owned335 words
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Article, Illustration1291 1988-03-12 17 IAL2 MBT PLANTATION companies are expected to be in for more cheer this year il the current rebound in commodity prices continues. Although commodity prices are still some way below those obtained in the boom days when the price of palm oil exceeded M 51,400MBT - 1,291 words
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REGIONAL MARKETS
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134 1988-03-12 18 Reuter SAMSUNG Electronics Co Ltd has formed a joint venture with Saha Pathana Inter-Holding Co Ltd of Thailand to produce 300.000 colour TV sets a year for export. A Saha Pathana spokesman said 80 per cent of the TV sets produced by -the US$6.7Reuter - 134 words
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Article71 1988-03-12 18 Reuter THE HANG SENG Bank Ltd is planning a one-for-four bonus share issue to stockholders on record on April 12. The issue, to be approved by shareholders on April 29, will be made by the capitalisation of HK5687.9 million from the general reserve. The bankReuter - 71 words
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336 1988-03-12 18 FT FLETCHER CHALLENGE has further consolidated its position as New Zealand's largest company with a NZ$66l million purchase of assets from Sir Ron Brierley's Brierley Investments (BIL). The deal includes NZ$444 million to buy Winstone, a building materials supplier, and NZ$l77 million to acquire BlL'sFT - 336 words
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2681 1988-03-12 18 SHARE PRICES drifted lower in quiet trading on the Kuala Lumpur stock market yesterday. Selling was light and losses posted at the close were mostly marginal. Brokers blamed the poor showing to the reversal of trend in New York. The Dow Jones Average2,681 words
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Article, Illustration399 1988-03-12 18 Profits up for Hongkong-listed company Reuter INDONESIAN majority-owned trading group First Pacific International Ltd has said that its securities arm lost US$2 million in the October stockmarket crash. The Hongkong-listed company disclosed the loss on Thursday in its 1987 earnings statement which saidReuter - 399 words
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302 1988-03-12 18 Reuter ROBERT Holmes a Court's plan to merge Bell Resources Ltd and Bell Group Ltd is fair but fully priced to BRL shareholders, a Bell Resources-commissioned report said. PP Corporate Advice Ltd said Bell Resources's cash-share offer for Bell Group, itsReuter - 302 words
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Article1450 1988-03-12 18 Hongkong Reuter A LATE buying spree led by American brokerage firms helped stocks on the Hongkong market to recover all early losses yesterday, which stemmed mainly from Wall Street's sharp drop on Thursday. The Hang Seng Index ended 4.11 points higher at 2,595.45 after losing more thanReuter - 1,450 words
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Article133 1988-03-12 18 Kal ***** unch MAM 11 Chail Sugar D«#iim Ind WON Minn h Kangwon Ind Kla Motor ***** ***** -100 -100 W Jt ***** -400 -300 Koton Ind ***** ***** ***** ***** ***** ***** ***** unch -500 Daawoo Corp Daawoo Haavy Da whin Sacuritiaa Dong Ah Phar Dong Suh Slock133 words
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Article470 1988-03-12 18 Reuter SHARE PRICES on the Tokyo market closed down in hefty trade yesterday following Wall Street's overnight 48-point plunge, but brokers said Tokyo's response to rumours affecting New York was admirably subdued. "Something like that i can tick off a Wall Street fall, but it has to want toReuter - 470 words
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Article459 1988-03-12 18 Reuter THE AUSTRALIAN share market closed easier yesterday, although the industrial sector regained some strength after earlier lows. By the finish, the All Ordinaries was 4.7 points down at 1,354.4, the All Industrials slid 15.6 to 2,188.3, but the All Resources rose 2.6 to 725.5. The Gold Index climbedReuter - 459 words
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Article160 1988-03-12 18 Reuter THE SECURITIES Exchange of Thailand Index dropped 2.34 to 385.21 yesterday on a turnover of 17,587,660 shares valued at 1,407.99 million baht. MAM 11 BAH1 Ao Kham Thai 195 Ayudhya invaatmant 436 Bangkok Agro-4nd 139 ■4 -10 8 Bangkok Bank 337 -33 Charoona Thai Wire A Cabia *60Reuter - 160 words
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Article234 1988-03-12 18 MAR 11 NT t Kolln 38 90 -11 3 07 0 08 Kuochan Dav Laa Chang Yuen 47 80 44 40 -1.4 l -1.3 66 SO -2 48 50 -15 Cathay Cone 79 50 -2 Nan Ya Plat 81 00 -1.5 ***** 9 68 50 -15 Cheng Loong Chi234 words
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Article69 1988-03-12 18 MAR 11 PCSO# Marcopper Mar»<»*l Oriental B Aco|« Mining pnil Ovtmn Anglo Phil 0 01 -0001 PMtox B 0 036 -0 002 0 036 -0 001 0 36 -0 01 Apex Mining b u u, »»PicopB Atlas Con 6 23 *05 p[j$ 1* +t i Baoulo Gold S*" B69 words
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Page 18 Advertisements
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Advertisement135 1988-03-12 18 MANAGEMENT •very Monday LOST SHARE CERTIFICATES The undermentioned certificates have been reported lost, mislaid or destroyed: Name of Company Certificate Nos. In th« Name of No. of Shares Parkway Holdings Ltd B 2166 Oei Siew Tin, Mdm 400 B 3868 Oei Siew Tin, Mdm 200 Rothmans Industries *****26-9 DBS Nominees135 words
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WORLD MARKETS
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Article1043 1988-03-12 19 New York Reuter WALL STREET encountered its sharpest sell-off on Thursday since January 20 as rumours of new insider trading indictments triggered a round of arbi-trage-related program selling. The US Attorney's office said, however, it knew of no new indictments. Traders said thatReuter - 1,043 words
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Article982 1988-03-12 19 London Reuter SHARE PRICES on the London market were marked mostly lower at the opening yesterday after rumours of new insider dealing indictments on Wall Street prompted sharp falls with a sympathetic decline seen on the Tokyo market. The lack of a fundamental weight to theReuter - 982 words
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Article1200 1988-03-12 19 Selected indices HONGKONG Hongkong Index Friday 1.***** Thursday 1.695.26 W eet ogo 1.619 26 Hang Seng Index Friday 2.***** Thursday 2J91.34 Week ago 2.***** All Industrials fnday Z188 3 Thursday 2.203 9 Week ogo 2.1158 NEW YORK Dow Jones Thursday 2.026 03 Wednesday 2.074 27 Week ago 2.063 49 TOKYO1,200 words
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Article72 1988-03-12 19 NYT RH MACY CO said it would divest Federated Department Stores Inc of all its non-department store divisions and certain other assets within a year of a Macy-Federated merger and would expect net proceeds from the sales of about US$2.9 billion, according to documents filed by MacyNYT - 72 words
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397 1988-03-12 19 The USsl.2b purchase marks diversification move FT SEAGRAM, the world s largest wine and spirits company, on Thursday took its first step to diversify out of alcoholic drinks with the US$l.2 billion purchase of Tropicana, a leading US maker of orange juice, from BeatriceFT - 397 words
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397 1988-03-12 19 NYT LORD SPENS. former head of corporate finance at Henry Anabacher. the London Merchant Bank, on Thursday became the fifth man to be arrested and charged with criminal offences relating to Guinness. the international drinka group. Lord Spens. who resigned from his £100.000-a-yearNYT - 397 words
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Article, Illustration256 1988-03-12 19 NYT GUINNESS, the largest single equity investor in Ivan Boesky's controversial arbitrage fund, in which its former management invested US$lOO million, stands to receive at least U5525.5 million in a distri- bution package among the limited partners of CX Partners, formerly Ivan FNYT - 256 words
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238 1988-03-12 19 NYT THE LORIMAR Telepictures Corp, which is already in preliminary discussions about a possible merger with Warner Communications Inc. has said that Marvin Davis, the Denver financier, had asked for a meeting to discuss a possible sale of the company for US$l7 a shareNYT - 238 words
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150 1988-03-12 19 AP UNITED ARTISTS Communications Inc and United Cable Television Corp have agreed to combine their operations into a US$3.B billion concern that would rank as one of America's biggest cable companies. The transaction, disclosed on Wednesday and approved by theAP - 150 words
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Page 19 Advertisements
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Advertisement367 1988-03-12 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND LAND GRAPHICS PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP At the Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 1 Magazine Road #04-10 Central Building. Singapore 0105 on the Bth day of367 words
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Advertisement557 1988-03-12 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NEW COLOMBO JEWELLERY GEMS PTE LTD j (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and557 words
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Advertisement398 1988-03-12 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 IN THE MATTER OF SYDECO FAR EAST V ENGINEERING DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which is being voluntarily wound up, are required on or before 12 April 1988398 words
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526 1988-03-12 20 ALVIN TAY - Break-up due to changes in banks' needs and computer capabilities By ALVIN TAY Banking Correspondent ASSOCIATED DATA Processing Pte Ltd, a company set up by five local banks in the late 1970s to spearhead their entry into the computer era, is to be526 words
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Article, Illustration512 1988-03-12 20 Reuter A DRAMATIC struggle for the Indonesian vice-presidency was resolved yesterday by the lastminute withdrawal of the antigovernment challenger. President Suharto was sworn in for a fifth consecutive term yesterday morning as leader of the world's fifth most populous nation, butReuter - 512 words
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306 1988-03-12 20 Bernama ES MALAYSIA, for the first time in seven years, posted a current account surplus in 1987, thanks largely to the buoyant trade performance. The current account, after suffering deficits since 1982, recorded an estimated Ms 6 billion surplusBernama ES - 306 words
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346 1988-03-12 20 LEE HAN SHIH - By LEE HAN SHIH Housing Correspondent HIT BY POOR DEMAND, the rent for some units in the former Housing and Urban Development Corporation (HUDC) development in Cairnhill have been cut by almost half in less than three months. Starting346 words
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290 1988-03-12 20 Bernama MALAYSIA'S Deputy Youth and Sports Minister Wang Choon Wing, who is facing charges of criminal breach of trust, yesterday announced his resignation after being on leave since February last year. In a statement, he said he had informed Prime Minister Datuk SeriBernama - 290 words
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120 1988-03-12 20 AFP THE HONGKONG Futures Exchange yesterday announced the appointment of Canadian futures industry figure Douglas Ford as the exchange's chief executive, starting on June 13. Mr Ford. 45, has been president and chief executive officer of the Winnipeg Commodities Exchange for the past 10 years.AFP - 120 words
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173 1988-03-12 20 CIGARETTE importer Philip Morris is the first to raise prices following last week's increase in import duty. Since Thursday, the cost of a 20-stick packet of its Marlboro or Virginia Slims has gone up 10 cents to $2.60. Prices of the 10stick and 14-stick packets173 words
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216 1988-03-12 20 AUSTRALIAN COMPANIES that own 10 per cent or more of a Singapore company will no longer enjoy exemption from double taxation on dividends earned here. According to Australian government sources, revisions announced yesterday in Canberra to Australia's Comprehensive Taxation Agreement with216 words
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200 1988-03-12 20 APPLE COMPUTER, the American pioneer in personal computers, has reached an out-of-court settlement with local computer maker Limco Products Manufacturing over the alleged copyright violation of Apple's computer programs. According to s statement from Apple yesterday, Limco has agreed to pay Apple a substantial200 words
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Article100 1988-03-12 20 COM EX gold futures rallied on short covering early yesterday after dropping on news of an unexpected decrease in the US producer price index for February. The pacesetting April delivery held a loss of $1.50 at $443.00 an ounce on the rebound from a low of $441.20. Analysts100 words
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LATE FILE
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Article52 1988-03-12 20 Reuter SEVENTY-SIX NATIONS, including Gulf War combatants Iran and Iraq, have agreed on a convention to combat terrorism at sea and piracy, along with a protocol to guarantee the security of oil rigs and maritime platforms, officials said on Thursday at the end of an international maritime conferenceReuter - 52 words
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Article50 1988-03-12 20 Reuter THE BRITISH Treasury withdrew its pound banknotes from active service yesterday nearly 200 years after introducing it to conserve gold for a war effort. Pound coins, introduced in 1983 and now widely in use, will replace pound notes which were first printed in 1797. ReuterReuter - 50 words
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Article50 1988-03-12 20 Reuter BRITISH Telecommunications PLC intends to defend vigorously the US$3O billion lawsuit filed against it by US company In sat Inc. The suit accuses British Telecom of plotting to control the latest space-based telephone system, according to court papers in New York on Thursday. ReuterReuter - 50 words
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Article60 1988-03-12 20 AFP JAPANESE CREDITORS do not intend to declare Panama in default even though it has failed to meet 5.2 billion yen (US$4O.6 million) in debt repayments, an official at a major Japanese bank said yesterday. The Central American nation has pledged to repay all debts asAFP - 60 words
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Article44 1988-03-12 20 Reuter AMERICAN businessmen expect a gradual liberalisation of trade curbs that could eventually give a big boost to US high-technology exports to China, from semiconductors to satellites, following US plans to lift sanctions on high-technology sales to China. ReuterReuter - 44 words
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Page 20 Advertisements
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Advertisement176 1988-03-12 20 N *./> >. C 4 A m. r SSSP'/ > 4 :ft v. \\u i; m: 55 1. V*4 Burberrysr' C/ ,o k L 00 AUTHORISED DEALERS DAIMARU ISETAN ORCHARD ISETAN HAVELOCK LE CLASSIQUE METRO GRAND LUCKY PLAZA ROBINSONS SOGO FAR EAST REPTILE HOUSE F J BENJAMIN CHANQI AIRPORT GRAND176 words
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