The Business Times, 19 March 1988
1988-03-19
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The Business Times
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Title Section12 1988-03-19 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, March 19-20, 1988 75 CENTS12 words
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Article253 1988-03-19 1 Reuter Dow Jones higher WALL STREET stocks showed small gains yesterday but were pulling back from a moderate early advance. Blue chips had given up almost all of their gains. The Dow 30 was up two points at 2088 and advancing issues led decliners by a smallReuter - 253 words
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154 1988-03-19 1 THE BRITISH pound shrugged off Thursday's half-point cut in the UK base rate by surging to a high of 3.1035 West German marks during early trading in London yesterday. Sterling opened at 3.1010 marks, up from the previous day's close of154 words
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Article401 1988-03-19 1 CHUANG PECK MING - By CHUANG PECK MING THE GOVERNMENT would decide over the next few months if it would build a Mass Rapid Transit line in the north-eastern sector of the island, Communications and Information Minister Yeo Ning Hong sa<d yesterday. If the decision was "yes". Singaporeans would401 words
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Article, Illustration194 1988-03-19 1 THE US JANUARY trade figures, released on Thursday, were better than expected, leading to optimism in the regional markets which closed higher yesterday. The Singapore stock market finished marginally higher. Analysts, while assured of the underlying strength of the market, remained cautious about its short-term outlook,194 words
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503 1988-03-19 1 LEE HAN SHIH - Potential rival to DBS Land in size By LEE HAN SHIH WITH LITTLE PUBLICITY, a new company with the potential to rival or even exceed DBS Land in size is beginning to flex its muscles in the property markets in Singapore and Malaysia. It503 words
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537 1988-03-19 1 ANNA TEO; WALTON MORAIS - By ANNA TEO and WALTON MORAIS MEMBERS OF THE Singapore Turf Club last night fought to save the 146-year-old racing institution from demise. At its annual general meeting, the members voted to empower the management committee to work537 words
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Article114 1988-03-19 1 AFP SAUDI ARABIA has purchased from China intermediate-range missiles capable of striking any target in the Middle East with nuclear warheads. Both China and Saudi Arabia have assured the US that the missiles will not be used for nuclear attacks, State Department spokesman Charles Redman toldAFP - 114 words
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Page 1 Advertisements
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Advertisement265 1988-03-19 1 Nikon J*9 Wortd't Nmmt MutufnpMc Sftfm nwiamsim. More update, Page 2 INSIDE SINGAPORE ENGINE Overhaul Centre (SEOO, set up In 1982 with an investment of $63 million, is investing $15 million to expand its engine-testing capacity. HOME NEWS, Page 2 SENIOR US STATE and defence department officials have defended Japan265 words
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Advertisement0 1988-03-19 1 =)*|:}@@,}$;){<><;~^@~<%@,+=/&>0 words
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Advertisement156 1988-03-19 1 Nikon A portrait of the nation Page 7 Nmmhl TrMa A handful of problems Pag* 7 Max and his personalised wines Page 9 Roxanne winner by a nose Page 10 TV programmes for today and tomorrow Page 10 Stats la Watdi Broadway and the Golden Globe Awards Page 10 Travil156 words
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HOME NEWS
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Article388 1988-03-19 2 LIM SOON NEO - SIA subsidiary beefs up engine-testing capacity By LIM SOON NEO SINGAPORE ENGINE Overhaul Centre (SEOC), set up in 1982 with an investment of $63 million, is investing $15 million to expand its engine-testing capacity. When the expansion programme is completed early next year, the Singapore Airlines388 words
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Article106 1988-03-19 2 THE NATIONAL Productivity Board (NPB) will be organising two workshops, the first on "Getting your flexible wage system right" and the second on "Basic wage structure in Singapore". The first workshop, on March 25, will discuss how companies can go about developing a flexible bonus106 words
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379 1988-03-19 2 TWELVE local manufacturers of personal computers, computer peripherals and components are exhibiting their products at a major Australian PC show tomorrow in a drive to develop new export markets. The participation is arranged by the Trade Development Board as part of379 words
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Article140 1988-03-19 2 IN A March 16 report. "Local workers stand to gain from levy", BT quoted Labour Minister Lee Yock Suan as saying that the higher foreign workers' levy would bring in an extra $10 million a month in revenue. It should be $10 million a year. We are140 words
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361 1988-03-19 2 WILLIAM CHIA - By WILLIAM CHIA THE CHINESE PRESS has a significant role to play despite the widespread use of English in Singapore, said Communications and Information Minister Dr Yeo Ning Hong. In Singapore's rapidly modernising and industrialising society, Chinese newspapers can361 words
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YESTERDAY IN PARLIAMENT
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368 1988-03-19 2 JOHN LIM, CHUANG PECK MING; GENEVIEVE CUA - Reports by JOHN LIM, CHUANG PECK MING and GENEVIEVE CUA MAINTENANCE WORKERS of the Housing and Development Board do a better job of cleaning HDB flats than private contractors, Minister for National Development Mr S Dhanabalan said. But this higher quality comes with a368 words
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245 1988-03-19 2 THE CASE of a town centre which turned into a neighbourhood centre was raised. The case, which was first publicised in the Business Times in June 1986, was raised by Mr Philip Tan (Paya Lebar), who said that some shopkeepers in Hougang Street 21245 words
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Article167 1988-03-19 2 DON'T OVERDO it with national songs like Count on Me Singapore, Dr Tan Cheng Bock (Ayer Rajah) told the Minister for Communications and Information yesterday. Dr Tan, who said the tune was played in so many places, including lifts, added: "There must be a167 words
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Article164 1988-03-19 2 AN INSTITUTE of journalism should be set up in Singapore which could, in time, develop into a regional centre for training journalists. suggested Dr Arthur Beng (Fengshan). But while Communications and Information Minister Dr Yeo Ning Hong said he would be happy to convey the suggestion164 words
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Article302 1988-03-19 2 TELECOMS will make the Teleview system available to the public in about two years' time. Communications and Information Minister Dr Yeo Ning Hong said. Research on the project. for which the government has already committed $14 million, is in its final stage and field trials will be carried out302 words
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Article1183 1988-03-19 2 AT CONVENTIONAL WHARVES VmmI B*rth Arrival Departure KEPPEL WHARVES Cherish K28 alongside 19 03*2000 Frotomonik) K3t alongside 1903/0530 levin K20 alongside 2103/0600 Mount So bo no KIS alongside 19 03/1800 Qinghecheng K29 alongside 22 03/2300 SO Estero KI6 alongside 1903/2300 Shuicheng K18 alongside 21 03,7300 Straits Hope1,183 words
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Page 2 Advertisements
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Advertisement196 1988-03-19 2 fJtaHcui <Sea/b&cl SenatUiona (except Sundays^ Live M from the wonders of the sea. Each dish a unique creation of Master Chef, Antonio Donnaloia. 1 At the Grand' Italia Restaurant. Special Set Lunch (12 noon 3 pm) $32.00 nett per person Special Set Dinner (7.30 pm 10.30 pm) aj $45.00 nett196 words
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OVERSEAS
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389 1988-03-19 3 AFP US TRADE RESULTS for January show the nation's deficit with Japan dropped significantly, but worsened with the so-called Four Tigers and more than quintupled with China. In a country-by-country breakdown, the US Commerce Department figures showed that Japan continued to enjoy the largestAFP - 389 words
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301 1988-03-19 3 UPI JAPAN'S Finance Minister Kiichi Miyazawa, saying the domestic economy has achieved an "ideal" pattern of growth, emphasised yesterday in Tokyo that Japan should play a greater role in helping Third World countries overcome their worsening external debt problems.UPI - 301 words
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Article772 1988-03-19 3 ARRIVALS Operator Service Local From number t im« THAI TG403 1155 HOC SU SQ191 1155 PEN MAS MH6S2 1230 KCH OA GA940 1235 MES SIA SQ203 1300 CGK SIA SQ107 1305 KUL GIA GA900 1310 PKU SIA SQ1 1330 SFO/HNl/HKG Al AM 28 1350 DEL SIA SQ31772 words
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Article268 1988-03-19 3 AFP THE EUROPEAN Community (EC) admitted on Thursday that it was falling behind in its plan to create a barrier-free internal market among its 12 member states by 1992. In its third annual report on progress towards the 1992 deadline, released in Brussels, theAFP - 268 words
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289 1988-03-19 3 AFP THE European Community will investigate allegations that some Hongkong manufacturers of cellular mobile telephones have been dumping their products in Europe. A statement issued by the European Commission in Brussels on Thursday said Hongkong had joined Canada and Japan asAFP - 289 words
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133 1988-03-19 3 AFP THE WORLD Trade Unions Congress has called for an international monetary system which would ensure stable exchange rates and lower interest rates. The resolutions committee of the International Confederation of Free Trade Unions (ICFTU) congress said in a statement issued onAFP - 133 words
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Article177 1988-03-19 3 AFP THE US House of Representatives' Budget Committee approved a US$l.l trillion proposed budget for 1989 in a five-minute public session on Thursday. Like President Ronald Reagan's budget proposal, which was submitted to Congress on Feb 18, the House budget stays within spending limits theAFP - 177 words
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Article76 1988-03-19 3 AFP SAUDI ARABIA has told Japanese oil importers it would cut oil prices by applying actual market levels to shipments from April, said industry sources in Tokyo on Thursday. In notices served to Japanese oil refiners and trading houses with direct-deal (DO) contracts forAFP - 76 words
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Article, Illustration535 1988-03-19 3 AP SENIOR US state and defence department officials have defended Japan against charges of some US lawmakers that Japan enjoys a "free ride" in defence at the cost of the US. The US officials in Washington this week cautioned against the country resortingAP - 535 words
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260 1988-03-19 3 AFP TOYOTA MOTOR Corporation is to buy an US$B million state-of-the-art Cray X-MP/18 supercomputer from the United States to help design its cars, the company has announced. The 1.03-billion-yen machine, the latest and most powerful built by Cray Research Inc,AFP - 260 words
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Page 3 Advertisements
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Advertisement60 1988-03-19 3 jI If \l J W Ifl 1£ The business person's choice, every I I II 111 I Tuesday, Thursday. Saturday and I I I Ml \l II Sunday. Leaving Changi Airport at I I 1 _l_ 22:05 hours and arriving at Lester B Ftearson International Airport the following day. Call60 words
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Advertisement76 1988-03-19 3 i..,. ATTENTION TO DETAIL IS THE MARK OF A WELL-MADE TIE. Every Dunhill tie is a celebration of the tie-maker's art, hand-stitched and created from the finest silk. There are over 300 distinctive designs to choose from, and prices start from 5125. J l dunhi r disk 5: W& V76 words
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Page 3 Miscellaneous
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Miscellaneous21 1988-03-19 3 YOU'VE JUST WON A SUSPENSION FROM TUB ASSEMBLIES OF OOP, RAINING PtSGRACB ON YOURSELF ANP YOUR MINISTRY! V BY GARRY TRUDEAU21 words
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MONEY AND EXCHANGES
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Article1666 1988-03-19 4 CURRENCY FUTURES OPTIONS Friday, March 18, 1988 OEUTSCHEMARK (SIMEX) Apr M call* Apr M puis 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 E E CAB CAB CAB 100 43 15 1 I79A 99A 42 13 6A 2A Itey 88 cad 1781,666 words
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Article428 1988-03-19 4 JUNE Eurodollar on the Simex opened 12 ticks higher yesterday than the previous close at 92.87 on buying interests encouraged by the smaller-than-expected US January trade deficits of U5512.44 billion, troubles in First Republicbank and US troops moving into Honduras. However profit-taking and higher commodities prices checked further gains428 words
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Article256 1988-03-19 4 Reuter IMM foreign currency futures ended a volatile session mostly lower on Thursday, with all contracts except the Canadian dollar showing steep daily losses The long-awaited January US trade deficit widened less than expected to U5512.44 billion. But components of the report compounded market uncertainty about its ramifications forReuter - 256 words
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Article167 1988-03-19 4 Gold futures on March 17 100 troy ounces. US3 per troy ounce Opiw Lorn M*. Mor 446.00 446.00 446.00 444.00 1.30 Apr 447.00 ***** 442.10 444.90 160 May 446J0 -1.80 inn 451.50 451 90 446.20 449.10 -1.80 Aug 454.00 456.00 451.00 453.30 2.00 Oct 459.30 459JO 453J0167 words
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Article387 1988-03-19 4 ASIAN DOLLAR deposit rates closed little changed yesterday from opening levels in quiet trading, dealers said. They said prices were about unchanged to slightly lower at the outset and thereafter remained little changed with operators unwilling to take large positions ahead of the weekend. Dealers said a387 words
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Article925 1988-03-19 4 SINGAPORE: Sterling closed higher on bullish sentiment in spite of a cut in UK base lending rates, while the US dollar closed lower on selling interest and profit-taking. "Attention continues to focus on cross trading in sterling/marks, marks/yen and marks/S franc because operators were uncertain about the dollar's925 words
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Article, Illustration176 1988-03-19 4 Indicates the average of tha prima landing rataa of 12 ma(or banka In B'poro Interbank market ratee (offer/bid) on March 18 us$ DM SWFC Y«n 7 4ny% 6 3/4 5/« 11/14 f/16 3 7/16 J/16 i i/a -1/4 4 1/4 1 f 1 7/» 3/4 11/16 9/1*176 words
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Article52 1988-03-19 4 THE OVERNIGHT rate on the Singapore interbank market rose by 1/8 point to end at 3-3/8 per cent yesterday. Term rates remained unchanged across the board. S$ Interbank rotes at 12 noon yesterday: orm mo Ov* J/» 3 1/4 Jl/I 3 I-"" 3 3 3 3 OvwnigM mod*:52 words
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Article88 1988-03-19 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OfFfR MtGH LOW 3 months BQ881 ION 16.6.88 2.98 2.93 2.98 2.90 6 months BY*****S 30.6.88 2.99 2.94 2.99 2.95 1 year BY*****T 24.11.88 3.12 3.07 3.09 3.07 Government notes and bonds Period Issue Maturity Coupon Yesterday'88 words
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Page 4 Advertisements
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Advertisement10 1988-03-19 4 IB &4NQUE INDOSUEZ 3 Shenton Way. Shenton House. Singapore 010610 words
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Page 4 Miscellaneous
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Miscellaneous231 1988-03-19 4 City Max/ Note Mln CO Adelaide 32/16 Fine Amsterdam 08/03 Clear Athens unav Bahrain 23/16 Clear Bangkok 36/27 Sunny Barbados una* Beijing 09/01 O'cosf Beirut 18/12 Sunny Belgrade 16/06 Cloudy Berlin 06/05 Cloudy Bermuda 18/09 Cloudy Bonn 06/00 O'cost Brisbane 27/17 Roln Brussels 08/03 Cloudy Buenos Aires 31/17 Clear Cairo231 words
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BANKING AND FINANCE
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462 1988-03-19 5 Reuter CHINA plans to ease central government controls on foreign currency and let factories keep more of their earnings in a move that could make the country a stronger exporter. Western bankers and diplomats said that Beijing would also reduce the authority ofReuter - 462 words
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Article82 1988-03-19 5 AFP BRAZIL paid some US$llB million on Thursday in interest back-payments from January and February to its creditor banks. Citibank said in New York. As with previous payments, the latest instalment was drawn from Brazil's reserves. Further repayments are to be negotiated between Brazil and theAFP - 82 words
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157 1988-03-19 5 Reuter A SWISS BANK will appeal against a decision obliging it to hand over bank records of former Philippine president Ferdinand Marcos, forcing the issue back to the Federal Court. "For us, it is not so much a question of MarcosReuter - 157 words
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Article, Illustration87 1988-03-19 5 TWO NEW DIRECTORS, Mr Lock Sai Hung and Mr Goh Heng Leong, have been appointed to the board of the Post Office Savings Bank. Both will serve the Board from Feb 1, 1988, to Mar 31, 1989, according to the February 1988 issue of POSB's87 words
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708 1988-03-19 5 NYT US FEDERAL bank regulators announced in Washington on Thursday that they would inject US$l billion in cash into the subsidiary banks of the First Republicbank Corp of Dallas in an effort to stop a huge outflow of deposits and a widespread lossNYT - 708 words
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240 1988-03-19 5 AP WEST GERMANY on Thursday officially gave its support to the establishment of a West European central bank that would be independent of Common Market governments. Finance Minister Gerhard Stoltenberg said Europe should free all capital movement and strengthen the European MonetaryAP - 240 words
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COMMODITIES
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Article334 1988-03-19 5 SINGAPORE The market closed slightly easier yesterday with April One RSS buyers quoted at 221.25 cents a kg, down 0.75 cent from Thursday's close. Prices were slightly easier at the outset and continued to drift lower towards the morning close on lack of interest and some liquidation. Trading was334 words
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Article229 1988-03-19 5 R AS prices in S cents/kg, FOB In balm NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 222.50 223.50N 222.25 223.25N Int 1 RSS Apr 88 221.50 222.00N 221.25 221.75 Int 1 RSS Moy 88 223.00 223.50 222.75 223.25 lot 2 RSS OP 219.25 221.25N229 words
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Article79 1988-03-19 5 (canti/kg) APRIL 1988 MAY 1988 (current month) (forward month) RAS NOON NOON ftuy*rt S*(t*rs Ivyri S*M«rt SSR 20 220.50 222.50N 220.50 222.50N $S« 50 219.00 221 OON 219.00 221.OON MRELB kytrt Sellers tuyart S*ll*n SMR CV 303.50 305.50N 304.50 306. SON SMI L 303.50 305.50N 304.50 304.50N79 words
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Article185 1988-03-19 5 THE PRICES of tin on the KLTM closed unchanged ysstsrday from Thursday's M 517.41 a kg level in quiet trading marked by the lack of strong support. The steadiness of the European spot tin market helped keep the local price at this level, though there was llttis buying185 words
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Article405 1988-03-19 5 Crude palm oil futures closed steadier in moderately active trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers attributed the firmer closing to higher Chicago and Indian market. However, market sentiment was still weak in spite of India's purchase of three parcels of RBD olein on Thursday night.405 words
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Article239 1988-03-19 5 Chinese Produce Exchange Solkn' noon doling prtcn on Mordt 18 (SS/100 kg) Coconut oil Bulk FOB 103.00 Old drum FOB 119.00 Now drum FOB 115.00 Copra Mixod (Ioom) 60 Pepper Murtok whit# FOB NIW 1110.00 Sarawak white FOB faq NIW 1095.00 Sarawak tpodol biock FOB NIW 802.50 Sarawak239 words
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Article86 1988-03-19 5 CRUDE PRICES yesterday continued to seesaw, so traders were cautious and refrained from taking positions. Closing prices for crude (FOB origin) USS/borrol Chans* Tapto (Mar) 13.90 urn* Mlnat (Mar) 15.47 m* Dubai (April) 13.00 +0.30 Wax Toas wn lAprtO*' 16.30 0.2B Now Tart <*» prvriaut day. Products86 words
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Article123 1988-03-19 5 SOYBEAN FUTURES on the Chicago Board of Trade closed 1414 to 16% cents higher on Thursday, mostly on session highs, as May closed 14% cents higher at US$6 33% a bushel. C 0 Commodities, the influential professional house, extended hefty early purchases with additional buying on the close. Soyproduct123 words
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Article98 1988-03-19 5 WHEAT FUTURES on the Chicago Board of Trade closed five to 3!4 US cents higher on Thursday, off session highs, with May up four cents at US$3 04% a bushel. A sharp rally in soybeans prompted short-cov-ering in the oversold wheat market Commission houses and professionals bought May and98 words
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Article313 1988-03-19 5 HONGKONG: The metal closed slightly firmer at yesterday's high on late buying interest from European houses after its overnight setback in New York. There was light selling in the morning by East Asian traders but the metal received substantial support from the tension in various Central American countries.313 words
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Article322 1988-03-19 5 London Commodity Exchange Buyer/Seller doth sg prices on Mordi 17 (£/tonne unlets »pedfled). Previous doting prices In porentheth. CoffM Both In-tfore Lond on, tellers option OF London Mar 1106/1106 (1142/1148) High/low 1137/1108 May 1138/1140 (1172/1174) High/Low 1169/1174 C —1 OOltt (4371) Cocoa Mar 902/903 (889/895) High/Low 902/884 May322 words
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PERSPECTIVE
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Article474 1988-03-19 6 IN THE SHOCK LANGUAGE of pop culture, it quickly becomes difficult to come across words or sentiments that can scandalise. But in a recent interview with the British publication Sounds, a singer with the cult name of Zodiac Mindwarp spilled a quote that stuck to the mind474 words
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Article712 1988-03-19 6 DAVID MARGOLICK - By DAVID MARGOLICK NYT LIKE MILLIONS of people in his generation, Isaac Shapiro can vividly recall that moment on Dec 8, 1941, when he heard Pearl Harbor had been bombed. He was a 10-year-old on his way to school, and clusters of apprehensive men cloggedNYT - 712 words
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Article, Illustration212 1988-03-19 6 Hong Yang Cheong - Yang Cheong Hong Press Liaison Officer Customs ft Excise Dept Singapore Dear Sir "Singapore Resident" (BT. March 12) questioned the logic ot the 3 per cent cess on tourist establishments as a means of funding tourism promotion. He proposed taxing tourists rather than tourist establishments,212 words
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Article524 1988-03-19 6 Malcolm L Perelra - Malcolm L Perelra Dear Sir I am a new subscriber to your paper and I am also a new investor in the equities market. Your articles are very informative and relevant to people like me, who are just finding our way around the market place.524 words
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115 1988-03-19 6 Ong Sam Gin - Ong Sam Gin Head, Workmen's Compensation Department Ministry of Labour Singapore Dear Sir In his article "When an employee gets hurt" (BT, March 14), your columnist Paul Frankland is not correct when he states that the employee could revert to the115 words
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222 1988-03-19 6 G G Hayward - Letters to the Editor G G Hayward Eitcutlvf Director Singapore Intomatlonal Chamber oI Com marc* Dear Sir I refer to The Straits Time® report on March 16 that "Singapore firms have not opened trading base(s) in Japan" and222 words
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Article, Illustration147 1988-03-19 6 Tay Chng Yeow - This is the correct Customs Excise Dept logo Tay Chng Yeow for Director-General of Customs ft Excise Dear Sir I refer to the article entitled "Trading transactions to go on-line this year" published in page 3 of the March 4, 1968, issue of the Business Times. The Customs Excise Department147 words
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210 1988-03-19 6 D W Distant - D W Distant Dear Sir The warrants (TSR) of 14 companies and loan stock of 11 companies are quoted on the SES. For intelligent investment in these, one needs to know the expiry dates for TSR and the "coupon" rate and maturity dates210 words
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114 1988-03-19 6 Chandra Mohan K Nair - Chandra Mohan K Nair Honorary Secretary NUSS Dear Sir I refer to your report on March 7, 1988 entitled "Small business schemes can be further structured, says NUS Society The management committee of the NUS Society wishes to point out that it114 words
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Page 6 Advertisements
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Advertisement98 1988-03-19 6 BT welcomes letters from readers. Your letters must include your signature, full name, address, and home T and office telephone numbers, if any. You may add 3 pseudonym, if you wish. Address your letters to: The Editor. Business Times, 390, Kim Seng Road, Singapore 0923. A MONTHLY JOURNAL OF BUSINESS98 words
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Page 6 Miscellaneous
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Miscellaneous783 1988-03-19 6 mfrwm mmmm CRYPTIC PUZZLE ACROSS 9 On the way by train for a change: isn't flying (2, 7) 10 How return trips are brought about and how long they take? (3. 5) 12 Straight from the orderly (4) 13 He makes for the prior (6) 14 Plead with to cast783 words
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Executive Lifestyle
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Article356 1988-03-19 7 ONE of our intrepid reporters was lost for words the other morning. Realising that her appointment with a contact was before 10:00am, and remembering that she did not have the appropriate disc to enter the Central Business District, she caught a cab. Unfortunately, the cab didn't356 words
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Article, Illustration725 1988-03-19 7 JAIME LYE - f/iXvvA' With JAIME LYE I'VE NEVER HAD a reason to visit a fortune-teller. Whatever for, I always thought. I know exactly what Fate has in store for me I'm going to live to a ripe, miserable and grouchy old age of 69, and the most I725 words
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Article, Illustration1286 1988-03-19 7 CHARLES SAVAGE - By CHARLES SAVAGE SEEING IS BELIEVING and belief is as large as life in Min Lei Qi's portraits. "I am inspired by Vincent van Gogh, a man full of emotion, of feeling. You can feel the power that made his art and drove him1,286 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration1023 1988-03-19 9 MONICA GWEE - PROFILE By MONICA GWEE MAX SCHUBERT is the kind of man who can remove your fear of appearing a fool about wine. In fact, he's afraid of boring people with his vast knowledge of the art and science of winemaking. He is gentle, he is1,023 words
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563 1988-03-19 9 CHRISTOPHER TAN - A pub is just a pub is just a pub or is it? NIGHTSPOTS By CHRISTOPHER TAN LAWRENCE greets you from behind the bar with a toothy smile. Beer? You nod. He takes a deeply frosted mug out from the fridge, tilts it under the tap and draws a long,563 words
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674 1988-03-19 9 Beaujolais Nouveau a successful gimmick WINES NYT EVERY YEAR around this time, the wine shops begin to advertise the new crop of Beaujolais. Just arrived, they trumpet. But wait a minute, anyone with half a brain would say: "Didn't we go through all this business about the new Beaujolais aNYT - 674 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration573 1988-03-19 10 JAIME LYE - CINEMA By JAIME LYE THE NOSE KNOWS. If it smells right, then go for it, baby. That's exactly what Steve Martin did. He took the story of Cyrano de Bergerac 17th century swordsman and 20th century plastic surgeon's pipe dream and moulded it573 words
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Article, Illustration627 1988-03-19 10 CHARLES SAVAGE - TRAVEL By CHARLES SAVAGE IF YOU had a quarter of a million dollars to spare, you might have had an unobstructed view of yesterday's solar eclipse from the decks of this luxury ocean liner instead of vainly trying627 words
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Executive Lifestyle: Entertainment & the Arts
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833 1988-03-19 11 ANDREW RAJKUMAR - MEN By ANDREW RAJKUMAR A FEW WEEKS ago I realised just how socially backward I was. The revelation came during tea with a group of "Trendies" young, monied and fashionable Singaporeans. Sipping watery tea at $5 a cup, they started833 words
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Article195 1988-03-19 11 SHORT TAKES HPHRHHP- A 2,000-YEAR-OLD erotic rock engraving has been discovered in north-western China. According to the official New China News Agency (NCNA) on Thursday, the engraving showing nearly 300 human figures, many depicting sexual themes, was discovered in the Tianshan mountains in the Xinjiang Uygur autonomous195 words
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Article, Illustration568 1988-03-19 11 CHARLES SAVAGE - By CHARLES SAVAGE IT WAS deja vu. Richard Clayderman's concert this week at the Neptune Theatre Restaurant seemed a virtual repeat of his first performance here just last October. Clayderman repeated most of the music pieces from his previous concert, including his light comedy568 words
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Article, Illustration438 1988-03-19 11 Charles Savage - By Charles Savage YOUNG, SERIOUS pianists and violinists with their hearts set on a career in classical music will get a chance to show their skills and win big prize money. They may even catch the eye of influential musicians who could make their438 words
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Article1053 1988-03-19 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Stakeout starring Richard Dreyfuss and Emilio Estevez. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Battarlea Mot Included starring Hume Cronyn and Jessica Tandy. Showing at Jade: 11; 1.30; 4; 6.30; 9. The La»t Emperor starring John Lone, Joan Chen and Peter O'Toole. Showing1,053 words
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Article, Illustration690 1988-03-19 11 MARTIN SOONG - MUSIC By MARTIN SOONG HALF A CENTURY before American comic John Belushi wailed a wild and crazy parody about black cool in the 1980 movie Blues Brothers, a few white men were already singing about the black man's burden because it690 words
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Executive Lifestyle: Sports
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Article, Illustration554 1988-03-19 12 WALTON MORAIS - TENNIS By WALTON MORAIS WHEN THE CURTAIN rises on the US$5O,OOO DHL Singapore Women's Open tennis championships on April 18, the Kallang Tennis Centre will be another stop on the comeback trail for three players. Susan Mascarin, a former tennis prodigy now fit again after554 words
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Article, Illustration329 1988-03-19 12 AFP ANDRES GOMEZ of Ecuador and Joakim Nystrom of Sweden, two seeded players impatiently waiting for the start of the claycourt season when they hope to recover their winning touch, failed to reach the third round of the US$2 million International Players' Championships inAFP - 329 words
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Article, Illustration1214 1988-03-19 12 SHIRISH NADKARNI - CRICKET From SHIRISH NADKARNI FOR MORE THAN a decade after he made the quantum jump from the ranks of the top players in the Ranji Trophy National Championship into the Indian Test Team, Dilip Vengsarkar was not considered to be captaincy material.1,214 words
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Article, Illustration387 1988-03-19 12 GOLF UPI NICK FALDO justified his world No 8 ranking and his status as British Open champion with a polished 66 in the first round of the U*****,000 Barcelona Open on Thursday. The 30-year-old Englishman, making his first appearanceUPI - 387 words
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928 1988-03-19 12 Jerome Fandor - RACING TMCk with Jerome Fandor PRIMA RANK returns to the racetrack for the first time after his record-breaking run back in early January this year. His last run was a smasher, breaking the record for 1200 m at Ipoh by 4/10ths928 words
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Article, Illustration382 1988-03-19 12 BOXING AP TONY TUBBS believes he knows how to beat Mike Tyson on Monday when he challenges for the heavyweight championship. The quick, powerful Tyson, however, can rip an opponent's fight plans to shreds in a hurry. Following a spirited fiveround sparring session withAP - 382 words
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451 1988-03-19 12 AP FOURTEEN years after he lost the heavyweight title to Muhammad Ali on a steamy morning in Zaire, George Foreman is still looking to settle the score. "I'm the only heavyweight champion who wasn't able to fight for the title again," complainsAP - 451 words
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Executive Lifestyle: Personal Investment
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Article, Illustration952 1988-03-19 13 PATRICIA M SCHERSCHEL - ANTIQUE SILVER By PATRICIA M SCHERSCHEL INVESTING in antique silver ;"be it stately English candlesticks. ornate French soup tureens or w 'Chinese teapots is rapidly gaming lustre. One reason undoubtedly is i,tfie profit allure. Prices for qualiJy English, Continental and Asian Silver wares are shooting952 words
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322 1988-03-19 13 ART TRADE Sotheby's Research Department ALTHOUGH the international art -market is uncharacteristically for this time of year, the few pointers that are available indicate a sound underlying strength. For example, any doubt that might have existed after last autumn concerning the performance of early BritishSotheby's Research Department - 322 words
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583 1988-03-19 13 DOLLAR-YEN RELATIONSHIP NYT A MAJOR accounting deadline in Tokyo could pressure the financial markets in the United States in the next couple of weeks. Almost half of the corporations in Japan and the government itself will close their books on March 31, whenNYT - 583 words
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766 1988-03-19 13 US BONDS IHT OPPORTUNITIES to make money from the international bond market in 1988 may be no better than 1987, which was marred by falling bond prices and volatile interest rates. The problem this year is how growth and inflation will interact. ManyIHT - 766 words
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Article, Illustration695 1988-03-19 13 RAMESH CHANDIRAMANI - AUSTRALIAN STOCKS By RAMESH CHANDIRAMANI THE AUSTRALIAN stock market was more severely mauled by last October's crash than any other exchange. This, as well as the fact that it had risen faster than other leading market in the nine months prior to the695 words
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Article, Illustration654 1988-03-19 13 RC - s<\ 1 Tr\. -*mmmtiisattk, -ss*M ®caanw piiQGK? by RC WITH THE MARKET up about 70 points during the past three weeks, it's not surprising that there are several stocks mostly component issues of the ST Index that are already showing signs of having654 words
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Page 7 Advertisements
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Advertisement18 1988-03-19 7 THAT GIVES YOU THE HIGHEST SPENDING LIMIT OF ANY VISA CREDIT CARD, CALL 532 3577 CHASE CLASSIC VISA18 words
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Advertisement223 1988-03-19 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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Advertisement724 1988-03-19 8 4 COU Ryoisi ER XO-Where to eat, drink... SUNDAY FAMILY LUNCH ym Tij*, 5 HP >\V Bnng the family for a fabulous meal of fresh seafood and Chinese dishes from our a la carte menu. At a generous 25% off the bill. But only on Sundays between 11.30 am and724 words
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Advertisement213 1988-03-19 8 t <f l iking invasion! A buffet to satisfy even the most ravenous Viking warriors! The smorgasbord spread tempts with Matjis herring, smoked salmon, liver pate, gravlax, Pitt I Panna and other exotic sounding delicacies. Plus 20 desserts to follow! Over 60 Scandinavian delights to sample. Adult $31 "Child $15*213 words
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Page 9 Advertisements
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Advertisement555 1988-03-19 9 and entertain 4 f > Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad and555 words
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Page 9 Miscellaneous
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Miscellaneous1037 1988-03-19 9 !T?>>l Saturday BBC M.9 mHz In VHF Band II BAM World News 0.00 The World Today 0 .25 A Letter from Northern Ireland 0.30 Financial News 0.40 Reflections, 0.45 Sports Roundup 7.00 World News 7.00 Commentary 7.15 From the Weeklies 7.30 Multitrack 3. 0.00 World News 0.00 News about Britain1,037 words
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Page 10 Miscellaneous
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Miscellaneous1607 1988-03-19 10 Broadway and the Golden Globes Till The Cloud* Roll By is a soggy biography of Broadway composer Jerome Kern, but it's lifted somewhat with song numbers featuring some high-powered Hollywood talent. Robert Walker. Van Heflin, Judy Garland and Frank Sinatra star. (Today, 8.30pm, Channel 12) Shirley Maclaine's Out On A1,607 words
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Page 13 Advertisements
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Advertisement28 1988-03-19 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 0923.28 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4442 1988-03-19 14 ALTHOUGH the stock index barely moved yesterday, the focus on pricier blue chips led the market to chalk up the highest turnover for the week of $70.58 million. Share prices rose from the outset, prompted by the relatively favourable US January trade figures.4,442 words
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Article238 1988-03-19 14 Rises SINGAPORF Indices Mo«* 17 Monti IB G I IN* iMKmm M FAN Ming Court S 1 A tidiunw M Hour How for M CtOM H loyal S P H No) Iran Spar* Land Prima J C En Ganrtng* 1500 mo 623 8 SO 304 1140 432238 words
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Article3798 1988-03-19 14 BID and offer prices officially listed and business in and reported to the Stock Exchange at Singapore yesterday with the number at shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts <ue quoted after the word "SETT"3,798 words
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Article101 1988-03-19 14 THE WILKINSON PROCESS IUBBER Company Berttad: 56th AGM at No 70. Jalan Ampang, Kuala Lumpur on March 22 at 2 30pm. GENERAL SECURITIES INVESTMENTS Limited: 13th AGM in the Function Room of The Development Bank of Singapore Ltd. 45th Storey. DBS Building. 6 Shenton Way, Singapore 0106 on101 words
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Article279 1988-03-19 14 Managers' prices for March 19 21 Singapore Unit Trust The Commerce 094 100 The Sovingt fund 081 0 87S'por* frog fund 030 042 Spore Sec fund 063 068 Spore l«»«t fund 068 073 Spore tqu'ty fund 0 44 049 Asia Unit Trust 1 Mo' Invest fund 1 30279 words
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COMPANY NEWS
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Article, Illustration801 1988-03-19 15 FLORENCE CHONG - From FLORENCE CHONG BANK of Singapore, the Over-sea-Chinese Banking Corporation's Australian subsidiary, plans to open its fourth office in Western Australia, following a profitable first full year Down Under. The bank is recruiting senior staff for what will be a loans office in801 words
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Article739 1988-03-19 15 Currant Ex Books Dot* Total for Total for ptyn>#nl date dOM payaMa lh« y*ar laa* yaar a a n 13%% NYA NYA NYA 27% 27% Austral Amal 10%l Mar 18 Apr 1 Apr 21 10% 15% Avimo 20%TE fob 25 Mar 8 Mor 21 20%TE B A T739 words
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Article, Illustration313 1988-03-19 15 MBT ARAB-MALAYSIAN Merchant Bank (AMMB) has won the gold award and the Bank of America Trophy for the most outstanding annual report (1987), for the second year running. Managing director Datuk Malek Merican received the award from Finance Ministry Secretary-General Tan SriMBT - 313 words
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305 1988-03-19 15 PLANTATION COMPANY Guthrie Ropel Bhd chalked up a 360 per cent jump in pre-tax profit to M 514.78 million last year thanks to higher commodity prices. Directors of Guthrie Ropel. which is expecting an even better year, have recommended a final gross305 words
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COMPANY BRIEFS
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Article36 1988-03-19 15 CHEMICAL COMPANY of Malaysia Bhd said the final dividend, if approved at the AGM. will be paid on May 6, 1988. and not May 8.. as reported by the company earlier.36 words
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62 1988-03-19 15 Tokyu Land when books will close TOKYU LAND Corp said the shareholders' transfer books in Japan will be closed from April 1 to April 30. 1988, to determine interim dividend payment for the 56th fiscal year (Oct 1, 1987, to Sep 30. 1988). The Depository Receipts of Singapore of Tokyu62 words
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421 1988-03-19 15 A BATTLE of words is now being waged by major shareholders of New Zealand brewer Lion Corporation, whose Singapore shareholders Malayan Breweries Ltd are making a last ditch effort to prevent a merger between Lion and retailer L D Nathan.421 words
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Article, Illustration477 1988-03-19 15 ELAINE KOH - Receivers discharged in Kuala Lumpur and Hongkong By ELAINE KOH PROMET BHD's receivers were discharged in Kuala Lumpur and Hongkong yesterday, but the marine engineering and property group faced a hitch in the Singapore High Court. Justice T S Sinnathuray. who presided over the477 words
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Article, Illustration376 1988-03-19 15 Reuter THE HONGKONG Land Co Ltd sees a good year in 1988 and expects to maintain last year's total dividend of 34.01 cents per share. The company earlier reported a 20 per cent rise in its 1987 net profit to HK$l.llReuter - 376 words
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130 1988-03-19 15 Bernama MALAYSIA AIRLINES expects to chalk up a 15 per cent increase in its cargo revenue to Ms22o million for its current financial year ending March 31. MAS cargo services administrator Wilfred Vaz said yesterday the revenue for general cargoBernama - 130 words
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Article630 1988-03-19 15 LAST FULL YEAR Cwpt Parted Dale Yeor MM en Groat Nat announced •ndtng lemnn) dh profk loo yeor (S-000) Seol Inc Interim Mor 6 Jun 88 6.1 2437 Benta Interim Mor 7 Jun 88 800 3041 Asiatic Dev Final Mor 9 Dec 87 II 5.0 6.796 Gentings Final630 words
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Article169 1988-03-19 15 LAST FULL YEAR Company Period Oat* announced Ian year Year NM EPS (eenn) Groa dfe Net profit ($•000) Minebea Interim Jul 21 Sep 87 169 230 2.907(g) 4.8481 6.1751 (i) Duto Cora Final Aug 28 Dec 86 Fed Cables Final Sep 12 Jun 87 tnf Wood Interim Dec169 words
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REGIONAL MARKETS
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180 1988-03-19 16 Reuter AUSTRALIAN companies will be allowed to buy back their own shares under a number of conditions, the joint Federal/State Ministerial Council on Companies and Securities agreed at a meeting. A resolution adopted by Australia's Federal and State Attorneys General stipulated that anyReuter - 180 words
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295 1988-03-19 16 AFP JAPANESE tyre manufacturer Bridgestone Corp is offering US$2.6 billion for Firestone Tire and Rubber Co of the United States, outbidding its Italian rival SPA Pirelli Group. -The bid for 100 per cent of Firestone compares with Pirelli's offer of US$l.93AFP - 295 words
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Article84 1988-03-19 16 Reuter NOMURA Securities Co Ltd and Nippon Life Insurance Co will set up a joint equity lending company in Hongkong, industry sources said. Nomura said no decision had been made. NN Investment, owned equally by the two firms and capitalised at 200 million yen, will lendReuter - 84 words
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Article51 1988-03-19 16 Reuter PUBLICLY LISTED Impala Pacific Corp has appointed East Asia Warburg to advise the board and Jardine Fleming Securities to advise the minority shareholders on a proposed privatisation of the company. it said talks were taking place with Ariadne Austrslia Ltd and Renouf Corp Ltd on the proposal.Reuter - 51 words
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3174 1988-03-19 16 PROFIT-TAKING cut short a firm lead and share prices crosed mixed on the Kuala Lumpur market yesterday. Price changes either way were marginal but gains were more prominent. A broker said the prof-it-taking was not unexpected following the run-up in the previous two3,174 words
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Article1430 1988-03-19 16 Hongkong Reuter PRICES on the Hongkong market closed higher in active trading yesterday encouraged by reports of increased profits by Hongkong's big property firms. The Hang Seng Index rose 26.27 points to 2,607.60 and the broaderbased Hong Kong Index gained 16.50 to 1.706.36. Turnover roee to HKSI.46Reuter - 1,430 words
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Article76 1988-03-19 16 ■599 I I Iff m in il 3Si:'B' l Kai Kangwon Ind Kia Motor Kok>n Ind Koraa Long Tarm Lucky Ltd ***** ***** ***** ***** ***** ***** unctt -100 •150 uncti 400 -100 Ortantal Brawary Oriaotal Cham Pacific Chamical Samhwan Samaung Corp Samaong Elac ***** ***** leeoo ***** *****76 words
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Article504 1988-03-19 16 Reuter SHARE PRICES on the Tokyo market yesterday closed higher in robust trade, although optimism following news of a smaller-than-expected US January trade deficit was later tempered by comments by Bank of Japan Governor Satoshi Sumita that the stock market was rising too quickly, brokers said. "Sumita's comments tookReuter - 504 words
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Article430 1988-03-19 16 Reuter SHARE PRICES on the Australian market yesterday hit poet-crash highs in earty trading and deepite tailing back later, cioeed stronger with gains in all sectors. Brokers said heavy buying by local institutions was a major reason tor the market's large advance. By the cloee, the All Ordinaries IndexReuter - 430 words
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Article148 1988-03-19 16 Reuter THE SECURITIES Exchange of Thailand Index rose 8.85 points to 306.23 yesterday on s turnover ot 12,956.838 shares worth 1,197,98 million baht. MAM 11 Ao Kham Thai Ayudhya Invaatman Bangkok Agro-tnd. Bangkok Bank Bank Ot Ayudhya... Charaong Thai Mftri ft Cabta ■ANT 167 t 196 336 366 IReuter - 148 words
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Article281 1988-03-19 16 MAM 16 nrr t All Sincara Indua 3 IS >0 06 Aaia Camant 75 50 2 81 50 2 Chang Hwa Bank 315 00 56 50 15 Chia Hain Camant sooo 9 Chin Hain Flour 21 40 06 China Cham 35 20 1 China Dav 121 50 3.5 China281 words
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Article51 1988-03-19 16 MAR ia 1 pesos •f<L Aoof« Mining Anglo Phil 0012 0 001 Ap*x Mining B 0 032 uncfi AKm Con a 24 0 5 B*guio Gold B*»ic P«trot«um 0 016 uncfi Banguot Coo B 80 79 2 Fir* Phil Hktga 9 unci! Lapanto B 0 48 0 01 Marcopo*'51 words
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Page 16 Advertisements
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Advertisement120 1988-03-19 16 k Scalpel...scissors...sutures._ Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make sound investments. Fluctuations in shares, in120 words
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WORLD MARKETS
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Article979 1988-03-19 17 New York Reuter i A BETTER than expected merchandise trade deficit enticed investors back to the New York market on Thursday and provided a springboard for a strong rally. Volume expanded as investors I welcomed the trade report and shrugged off concern about triple witchingReuter - 979 words
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Article1009 1988-03-19 17 London Reuter SHARE PRICES on the London market were marked higher in early business yesterday, mostly due to a belief that Thursday's half-point cut in base rates was not enough to cap sterling, which moved above 3.10 marks in the morning, dealers said. A higherReuter - 1,009 words
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Article1235 1988-03-19 17 Selected indices HONGKONG Hongkong Index Fridoy 1.***** Thursday 1.691 89 Week ogo 1.697 72 Hang Seng Index Fridoy 2.607 60 Thursday 2.581 33 Week ago 2.***** All Industrials Friday 2.2855 Thursday 2.2333 Week ogo 2.188 3 NEW YORK Dow Jones Thursday 2.086 04 Wednesday 2.***** Week ogo 2.026 03 TOKYO1,235 words
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Article96 1988-03-19 17 Reuter GROLIER Inc said its board met on Thursday to consider the unsolicited Hachette tender offer to acquire all of Grolier's outstanding shares for US$2l per share in cash. Grolier, which has about 18.5 million shares outstanding, said its board is considering its alternatives. including theReuter - 96 words
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315 1988-03-19 17 Reuter THE KUWAIT Investment Office has offered a 58 per cent premium over the market price to raise its stake in Ebro Compania de Azucares y Alcoholes SA to 51 per cent from 20. a source close to KIO said. The KuwaitisReuter - 315 words
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218 1988-03-19 17 NYT MS MAGAZINE, which has been more successful as a philosophi- i cal statement than as a commer- < cial venture, is changing hands I for the second time in six i months. A group of executives is ne- i gotiating to buy MsNYT - 218 words
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334 1988-03-19 17 FT AMERICAN STANDARD, the US plumbing fixtures group which has been fighting off a bid from Black and Decker, the tool group, on Wednesday announced a plan to go private in a US$2.5 billion leveraged buyout. The US$7B a share bid, whichFT - 334 words
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Article239 1988-03-19 17 Reuter SHARES in the West German electrical group AEG AG rose again on Thursday on market talk that its parent company, car maker Daim-ler-Benz AG, was planning to increase its stake. A brief statement on the talk from Daimler, West Germany's largest industrial company, didReuter - 239 words
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344 1988-03-19 17 Reuter MERCHANT banking group Morgan Grenfell Group PLC said it was back on course to higher profits for 1988 after reporting a £22 million drop in 1987, but said it was unlikely to recoup its 1986 level. The decline in pre-tax profit toReuter - 344 words
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383 1988-03-19 17 NYT THE SECURITIES and Exchange Commission (SEC) advised a US federal district judge on Thursday that the Campeau Corps revised tender offer for Federated Department Stores Inc need not be delayed because it is an amended bid rather than a new one. TheNYT - 383 words
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Article120 1988-03-19 17 Reuter ROVER GROUP PLC of Britain said on Thursday that it had agreed with Honda Motor Co Ltd of Japan to stop manufacturing the Rover 800/Honda Legend models jointly. It denied the move had anything to do with a bid earlier this month for the state-ownedReuter - 120 words
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Page 17 Advertisements
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Advertisement282 1988-03-19 17 COMPANIES ACT, CAP. 50 GENERALE BANK NOMINEES PTE LTD SPECIAL RESOLUTIONS Passed on 10 day of March 1988 At an Extraordinary General Meeting of the Company held at 105 Cecil Street #11-01/04, The Octagon. Singapore 0106, on 10 March 1988. the following Special Resolution was passed: It was RESOLVED: 1.282 words
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Advertisement553 1988-03-19 17 NOTICES SCANFURN WOODPRODUCTS PTE LTD AND THE COMPANIES ACT (CHAPTER SO) i SECTION 291(1) c FORM 65A STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES We, Poon Pak Cheong arill Ge Slew Ching make oath and say as follows:- 1. We are directors553 words
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494 1988-03-19 18 RICHARD SEAH - Junejo interested in Singapore's housing programme By RICHARD SEAH IN MORE THAN two hours of "getting to know you" talks, the Prime Ministers of Pakistan and Singapore yesterday discussed topics that ranged from regional affairs to public housing. A Pakistani official said the talks494 words
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203 1988-03-19 18 PRESIDENT Zia-ul-Haq of Pakistan will present Prime Minster Lee Kuan Yew tonight with the nation's second highest civil award, the Nishan-E-Quaid-I-A-zam (Order of the Great Leader). The award was actually conferred in July 1983, a year after President Zia visited Singapore. Only203 words
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Article, Illustration506 1988-03-19 18 TONG SUIT CHEE - By TONG SUIT CHEE THE PROSPECT of transforming Raffles Hotel into the crown jewel of Singapore's tourist trade has caught the eye of two new suitors. Raffles' owners, Raffles Centre (Private) Ltd and Raffles Hotel Ltd, have entered into •discussions with506 words
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Article, Illustration631 1988-03-19 18 DAVID CHEW - By DAVID CHEW TUN TAN SIEW SIN. the chairman of Sime Darby and former Malaysian Finance Minister, died on Thursday night at the Pantai Medical Centre in Kuala Lumpur. One of Malaysia's most prominent leaders, Tun Tan was born on May 21,631 words
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116 1988-03-19 18 AFP SOUTH KOREA'S ruling Democratic Justice Party (DJP) nominated 219 candidates yesterday for next month's legislative elections, eliminating many people close to former president Chun Doo-Hwan. Thirty-four of the party's 148 incumbent deputies failed to win nominations including former DJP chairman Kwon Ik-Hyun and ex-homeAFP - 116 words
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118 1988-03-19 18 AP TWO HONDURAN jets dropped bombs on Thursday near a Sandinista military base along the Nicaragua-Honduras border as US troops arrived in Honduras in a show of support against an alleged Nicaraguan incursion. Two bombs fell in Nicaraguan territory and a third across theAP - 118 words
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110 1988-03-19 18 AP TAIWAN stopped shipments of pork to Japan from Monday after excessive levels of the antibiotic sulphamethazine was found in pork sent to Japan, Japanese trade sources in Tokyo said yesterday. A Welfare Ministry official said the two countries expect to hold discussions onAP - 110 words
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313 1988-03-19 18 Agencies THE US has set a two-week deadline from Wednesday for Japan to resolve a dispute over opening its conduction markets to American companies or face US retaliation, the New York Times reported on Thursday. Meanwhile, government officials in Tokyo said yesterdayAgencies - 313 words
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Article187 1988-03-19 18 AFP TOSHIBA Corp yesterday flatly denied what it termed unfounded accusations by five US congressmen that the Japanese electronics giant has made new illegal technology sales to Soviet bloc countries. A Toshiba spokesman said in Tokyo yesterday that the charges were totally unfounded and "contained nothingAFP - 187 words
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Article91 1988-03-19 18 Reuter CHINA'S 1987 budget deficit, to be announced next week, will be almost on target at eight billion yuan with revenues buoyed by a strong economy. But Chinese economists and Western diplomats in Beijing yesterday warned that the country will be burdened with deficits for yearsReuter - 91 words
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LATE FILE
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Article45 1988-03-19 18 UPI THE STRONGEST earthquake in 94 years, measuring 6.1 on the Richter Scale, jolted Tokyo residents awake just before dawn yesterday, but caused no casualties and little damage because the epicentre was buried 90 km below the capital, officials said. UPIUPI - 45 words
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Article36 1988-03-19 18 AP A COLOMBIAN domestic jetliner with 137 people aboard crashed during a storm in the northern Colombia mountains and burst into flames, officials said yesterday. There were no immediate signs of survivors. APAP - 36 words
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Article45 1988-03-19 18 Bernama MALAYSIA and Denmark have agreed to resume talks on the proposed Investment Guarantee Agreement (IGA), seen as one of the many positive results of a 90-minute discussion between the prime ministers of the two countries In Kuala Lumpur yesterday. BernamaBernama - 45 words
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Article49 1988-03-19 18 AP HONGKONG'S legislature has overwhelmingly supported the government s decision not to introduce general legislative elections this year. The vote on Thursday came on the final day of a two-day debate in the legislative council on the colonial government's policy on political development. APAP - 49 words
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Article48 1988-03-19 18 AFP JAPAN'S economy is being fuelled mainly by steady personal consumption, strong investment in plant and equipment and active public spending. The Economic Planning Agency in Tokyo said in its February report, released yesterday, that employment and corporate earnings had improved substantially. AFPAFP - 48 words
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Page 18 Advertisements
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Advertisement17 1988-03-19 18 paco rabanne pour homme r •>' f mm r~ kkm rr t siiij I: paco fl ITsTMIB w*ll/517 words
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