The Business Times, 26 March 1988
1988-03-26
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The Business Times
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Title Section12 1988-03-26 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, March 26-27 1988 75 CENTS12 words
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Article258 1988-03-26 1 AFP Dow Jones steady WALL STREET stocks levelled off with small losses in early trading yesterday. Brokers said improvement in the dollar and late buying had stemmed Thursday's sell-off. but yesterday morning few traders were willing to take new positions. Blue chips steadied. The Dow 30 indexAFP - 258 words
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150 1988-03-26 1 THE sickly US dollar plummeted close to the psychologically important level of 125 Japanese yen on the Tokyo currency market yesterday. But it recovered on rumours of possible intervention by central banks. The dollar closed at 125.74 yen after hitting a morning150 words
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Article, Illustration348 1988-03-26 1 MAJOR REGIONAL MARKETS fell in unison following Wall Street's overnight 44-point tumble. The Dow Jones Industrial Average closed at 2,023.87. Analysts said that the fall in Wall Street was linked to various factors, including a sharp drop in the US dollar and348 words
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478 1988-03-26 1 ALVIN TAY - Prudent loan provisions for possible losses By ALVIN TAY Banking Correspondent BOTH THE United Overseas Bank and Oversea-Chinese Banking Corporation groups scored impressive earnings gains in 1987. OCBC's group net profit after tax and minority interests rose by 24.9 per cent to $130.9 million478 words
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436 1988-03-26 1 THE RISE of Asian economies has caused many doomsayers to see calamity for the West. But Fortune Magazine, in the cover story of its March 28 issue, believes that the trend presents opportunities for the United States and Europe. "If the West does436 words
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192 1988-03-26 1 AFP TAIWAN has become the fastest-growing market for US goods and is also the ninth-larg-est export market for the US. the Board of Foreign Trade said in Taipei on Thursday. US exports to Taiwan rose 34.2 per cent from a year earlier toAFP - 192 words
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373 1988-03-26 1 Reuter AMID clear signs that the SeoulBeijing relationship is thawing fast, KIA Motor Corp is preparing to secure a foothold in China. The South Korean carmaker has begun clearing ground for a factory and loading facility at Asan Bay on the westReuter - 373 words
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Page 1 Advertisements
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Advertisement249 1988-03-26 1 Nikon Ttf Worid't Ftn—t Mo«o«rapMc »rfm THOSE JAPANESE WOMEN who wish to be reborn as men should instead work towards making this world more hopeful for women. If that sounds moralistic, here's a pragmatic reason: in some future world, women might just be the masters. BT ON SATURDAY, Page 6249 words
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Advertisement12 1988-03-26 1 Full report, Page 14 Regional markets, Page 16 World markets, Page 1712 words
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Advertisement188 1988-03-26 1 Big Four post record total earnings, Page 15 BAUME MERCIER GENEVE \>v4 ,>£ e I 4 I A the new BAUME MERCIER GENEVE 18 K 90k3 and stainless steel editions for men and women Aater resistant to 99 feet Showroom and Service Centre: Singapore #02-26/27 Hilton International Singapore. 581 Orchard188 words
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Advertisement7 1988-03-26 1 Singapore fits into Japan's needs, Back Page7 words
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Advertisement101 1988-03-26 1 Nikon n» Worid Fim—t Wliiiffptlc »|IIIW Into the heart of darkness Page 7 it T■lwi« rirum invu When the postman rings more than twice Page 7 Those legs were made for walking Page 9 Love and gastritis. Italian style Page 10 Barefoot in the Park, Brit style Page 10 WMkMi101 words
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HOME NEWS
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357 1988-03-26 2 GENEVIEVE CUA - By GENEVIEVE CUA A SINGAPORE COMPANY may soon bag a $70 million contract from India's energy-related agencies to build offshore platforms. India's Electronic Trading and Technology Corporation is considering setting up a sales and marketing office in Singapore. These are but just two357 words
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124 1988-03-26 2 SINGAPORE manufacturers, hoping to make further inroads into the Japanese market, will take part in another international in Japan next month. The week-long Osaka International Trade Fair, to be held from April 23 to 29, is held once in two years. It124 words
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Article100 1988-03-26 2 EVEN COMPUTERS are not free from catastrophe. With this in mind. Standard Chartered Bank has signed up a computer backup service to ensure uninterrupted services, come fire or flood. The bank has signed an agreement with Computer Engineering Systems Re Ltd (CES) and put into place what is100 words
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Article45 1988-03-26 2 GREAT EASTERN Life's Childrencare project donated $52,438 to seven charities at a presentation ceremony yesterday. Dr Ee Peng Liang. Community Chest president, accepted the donations and handed the money over to the organisations, which include the Spastic Children's Association of Singapore.45 words
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447 1988-03-26 2 TONG SUIT CHEE - By TONG SUIT CHEE TO MEET the demand for cargo facilities in the next decade, one of the two ground-handling companies at Changi Airport is investing $30 million in a new extension. Changi International Airport Services (CIAS) will spend $20 million of447 words
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58 1988-03-26 2 WHOLESALE PRICES of two petroleum products sold by Shell in Singapore will be cheaper by five US cents an American gallon from today. Aviation fuel will cost 47 US cents a gallon, down from 52 US cents. A US gallon of regular kerosene will58 words
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YESTERDAY IN PARLIAMENT
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396 1988-03-26 2 JOHN LIM; ANNA TEO - MINISTRY OF TRADE AND INDUSTRY Reports by JOHN LIM and ANNA TEO QUITE A LOT is being done for local entrepreneurs and it is also having some visible effects. said Trade and Industry Minister Brigadier-General (Res) Lee Hsien Loong. There were already local companies which were396 words
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Article, Illustration298 1988-03-26 2 AN ECONOMIC research institute should be set up, said Dr Augustine Tan (Whampoa) yesterday. But Brigadier-General (Res) Lee Hsien Loong, who welcomed the proposal as a good idea, said it would be a problem finding the right people to staff it. Dr298 words
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Article, Illustration286 1988-03-26 2 ONE WAY Singapore can minimise the effects of economic uncertainties is to pay a little more attention to regional cooperation, said Brigadier-Gen-eral (Res) Lee Hsien Loong. Many linkages could be developed with the neighbours as Singapore moves more of its activities offshore, said the Trade286 words
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Article234 1988-03-26 2 ASKED to rate products from six Asian countries. American consumers gave their lowest votes to Singapore, according to a poll by Newsweek. Only 3 per cent of the respondents in the survey thought that made-in-Smgapore goods were better than similar American products. Twenty per cent of234 words
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PARLIAMENT BRIEFS
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124 1988-03-26 2 PRINCESS HOUSE, vacant since the Environment Ministry moved out in September 1986, may be leased on a long-term basis to the private sector. As the HDB has plans to re-de-velop the surrounding area near Alexandra Road, the premises could be used only on124 words
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78 1988-03-26 2 SINGAPORE Pools Pte Ltd collected $432 million in total sales last year. After expenditure, the net surplus chalked up was $32 million, said Finance Minister Dr Richard Hu. He also said there were now 150 4-D agents in 61 constituencies. Of these. 14778 words
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178 1988-03-26 2 CHANGES may be made to the Employment Act to enable more married women to work part-time, said Labour Minister Mr Lee Yock Suan yesterday. The ministry is looking into the matter in consultation with the Singapore National Employers Federation and National Trades Union Congress In178 words
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84 1988-03-26 2 THE GOVERNMENT is studying the feasibility of using Marina Bay as a secondary source for non-potable water, Mr Eugene Yap, Senior Parliamentary Secretary (Environment) told the House yesterday. Dr S Vasoo (Bo Wen) had asked about new water sources. Were there possibilities of desalination, for84 words
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Article1382 1988-03-26 2 AT CONVENTIONAL WHARVES Atlos Jll olongside 2603/1600 Arrival loyol Bird JI0 olongside 2603/2300 VmmI Barth Departure So bong Joyo J2 olongside 26 03/2300 KEPPEL WHARVES K2I olongsKje 28 03 0600 SPC XI Union Trader J12 J6 alongside alongside 26 *****0 2603/1500 Alba Amer Kanti J8 26 031,382 words
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Page 2 Advertisements
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Advertisement116 1988-03-26 2 M -:uj fH > V' »i V m k l 'Tit' A Treat your family to a sumptuous Chao Zhou provincial meal at the Chao Zhou Garden Restaurant. Ask for our special set menu ranging from $28 for 2 persons, 155+ for 4-5 persons or $88+ for 6-8 persons. A116 words
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OVERSEAS
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248 1988-03-26 3 AFP MEXICO and Venezuela. Latin America's two largest oil producers, called on Thursday for efforts to stabilise world oil prices at US$lB a barrel. A communique issued at the end of three days of talks on the Caribbean island of CozumelAFP - 248 words
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Article158 1988-03-26 3 Reuter JAPAN, which has to import almost all its petroleum, is building up equity stakes in North Sea oil and gas. Norwegian oil industry and government sources said in Oslo on Thursday that two Japanese oil companies were to buy an interest in aReuter - 158 words
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229 1988-03-26 3 UPI OIL TRADED on world markets rose again on Thursday amid cautious optimism that Opec's five-member pricing committee may take some steps to reverse the recent price weakness. Several US refiners raised their buying prices for West Texas Intermediate, the principal US crude, byUPI - 229 words
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Article885 1988-03-26 3 ARRIVALS Operator Service Local From number time MAS MH681 0820 KUL SIA SQ417 0820 DXB/KHI SV SV398 0835 JED/RUH KAL KE624 0850 KUL MAS MH811 0910 PEN MAS MH671 0920 KUL AC AC858 0950 YYZ/LHR/BOM CAL CI806 1000 CGK CPA CX710 1015 CGK RBA BI421 1100 BWN885 words
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318 1988-03-26 3 Reuter THE WORST PLAGUE of locusts for 30 years, travelling in swarms up to 400 sq km. threatens famine in north and west Africa. The United Nations Food and Agriculture Organisation (FAO) has mounted a general alert to face a "veritable plague situation," director-generalReuter - 318 words
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212 1988-03-26 3 AFP THE GIANT US chemical firm, Du Pont, plans to stop making chemicals that break down the Earth's ozone layer, but it would not commit itself to any pre-determined deadline for the move. The company is said to produce one quarter of theAFP - 212 words
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228 1988-03-26 3 UPI WALT DISNEY WORLD officials prepared on Thursday to respond to state charges that the giant tourist attraction is endangering humans and the environment by mishandling potentially dangerous chemicals. "Based on our inspection, it looks as if they do not have good control ofUPI - 228 words
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401 1988-03-26 3 Reuter AFP A DISPUTE PANEL of the world trade body. Gatt, had ruled that Japan's agreement with the United States to maintain high prices for its exports of microchips broke Gatt rules. But the panel ruled that there was not enough evidence to supportReuter; AFP - 401 words
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180 1988-03-26 3 UPI HITACHI LTD will use semiconductors produced by two major US chip makers in new home appliances. A Hitachi official, who spoke on condition of anonymity, said in Tokyo on Thursday that Hitachi will buy semiconductors worth a total of 250UPI - 180 words
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239 1988-03-26 3 AFP INDIA and the European Community have agreed to expand cooperation and to find ways to cut India s trade deficit with the 12nation group. During two days of talks, which ended in New Delhi on Thursday, the two sides agreedAFP - 239 words
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166 1988-03-26 3 Reuter FRANCE IS EMERGING as a hawk in European moves to cut competition from Japanese car producers by lobbying for European import quotas, according to industry sources. West Germany and the UK both keep their markets open to Japanese cars but Italy bansReuter - 166 words
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Page 3 Advertisements
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Advertisement62 1988-03-26 3 fI jM J W If Ila The business person's choice, every I I II 111 I Tuesday, Thursday, Saturday and I 1 |l\ I I XI II f Sunday. Leaving Changi Airport at I V_ JI- _l_ 22 05 hours and arriving at Lester B Ftearson International Airport the following62 words
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Advertisement165 1988-03-26 3 y.2rs mv*m •> is mi m m *T> r ifc'iiijiiKii'if' l .jiif l .V#W V «S\. V> AUTHORISED DEALERS OAIMARU ISETAN ORCHARD IBETAN LE CLASSIOUE METRO GRAND LUCKY PLAZA ROBINSONS SOGO FAR EAST REPTILE HOUSE F J BENJAMIN CHANQI AIRPORT GRAND CLASSIC HALLEY'S DEPARTMENT STORE HULK PTE LTD LEATHER LOOGE165 words
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Page 3 Miscellaneous
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Miscellaneous49 1988-03-26 3 Doonesbury HOHJDOtSVOUR NO, BUTtUtVB GRLVOSOUOL. B&NRA&N6 RDSmHALTTS HERUKSAN NOTUKB SHE AS/AN BY TEACHING HSR THE AHA I VAWEOFptSOPUNB, ukb' harpumk,anp*eHOtQ 7 SPECT FOR. BY GARRY TRUDEAI BUTDOESNT yEAH,TWS THAT&VE IS AMERICA, HSR. AN ROSENTHAL/ UNFAIR. -M ADVANTAGE?\/ m m m i V/. 1 -5. ir S! I I I49 words
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MONEY AND EXCHANGES
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Article475 1988-03-26 4 JUNE Eurodollar opened 2 ticks lower on Simex yesterday from Chicago's close at 92.65 and selling pressure to 92.63 due to the weaker US dollar in the foreign exchange market. However, fear of further fall in US stock prices stabilised Eurodollar prices due to flight to quality. The June475 words
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Article258 1988-03-26 4 Reuter IMM currency futures closed sharply higher and near highs set late in an active session on Thursday. Sentiment that Japan s economy continues to expand at a healthy pace fuelled buying early, sending June yen futures above chart resistance at 0.*****0, despite intervention by the Bank of Japan.Reuter - 258 words
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Article179 1988-03-26 4 Gold futures on March 24 100 troy ouncas; USS par boy a jnc» Op aw High Low SoWo Mof 43X40 452.40 452.40 454.10 3.00 *P» 456.50 457.40 451.30 454.30 2.30 May 456.30 2.30 Jim 461.00 462.00 455JO 458.70 2.30 Aug 465.50 466.00 459 JO 463.20 2.30 Oct179 words
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Article201 1988-03-26 4 Asian market ASIAN dollar deposit rates closed little chenged yesterday from opening levels in quiet afternoon trading. US$ OfFW WD 7 doyt 6 7/8 6 3/4 1 mmilh 6 7/8 6 3/4 2 WUH#H 6 7/8 6 3/4 3 martin 6 15/16 6 13/16 6 montfn 7 1/8 7 9201 words
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Article1801 1988-03-26 4 Reuter SINGAPORE: The US dollar ended firmer against most major currencies yesterday, but below the day's high in moderate and nervous trading, dealers said. They said the dollar began on a slightly lower tone, but firmed towards noon on short-covering following rumours the US Federal Reserve had checkedReuter - 1,801 words
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Article, Illustration176 1988-03-26 4 Indicates the average ol tha prima landing rata* ol 12 major banks in Singapora Interbank market rates (offer/bid) on March 25 us$ DM SWFC Y«n 7 day* 6 13/1* 11/16 3/4 if* 3 7/16 5/16 1 l/a »/4 6-57/1 1 6 13/16 11/16 11/16 9/16 3 7/16176 words
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Article53 1988-03-26 4 THE OVERNIGHT rate on the Singapore interbank market was unchanged at 3 1/4 per cent yesterday. Term rates remained unchanged across the board. S$ Interbank rates at 12 noon yester day: MO 3 1/4 3 i 3 3 !«o«k 3 1/8 3 3-ma*t 3 3/16 3 1/16 Overnight53 words
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Article82 1988-03-26 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****V 23.6.88 3.01 2.96 6 months BY*****H 22.9.88 3.09 3.04 3.07 3.05 1 year BY*****Z 23.3.89 3.17 3.12 3.15 3.12 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code82 words
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Article1474 1988-03-26 4 CURRENCY FUTURES OPTIONS F» idoy, Mordi 25. 1988 DCUTSCHEMARK (SMEX) Api r 88 ca* 1 i kprSSaals lm M Law Saa 54 CAS 55 CAS 56 CAB 57 CAB 54 20M 196 3 59 114ft 106 10A II AO 47 34 37 39* 45 61 1 28 II 1021,474 words
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Page 4 Advertisements
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Advertisement9 1988-03-26 4 IB BANQUEINDOSUEZ 3 Shenton Way. Shenton House. Singapore 01069 words
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COMMODITIES
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Article79 1988-03-26 5 The mood was bullish Regional crude languished Closing prices for crude (FOB origin) US$/borr*4 Chang* Topfe (Apr) 15.90 undi Minos (Apr) 15.47 undi Duboi (May) 13.92 0.12 W*d T*xos wn iMay)*' 16.95 0.12 N*w York dow prrrioui day. Products (FOB S'pore) USS/barr^ Chang* KtroMm 19.30 0.25 Gowtl79 words
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Article268 1988-03-26 5 Reuter SINGAPORE The rubber market closed higher yesterday with April 1 RSS buyers quoted at 224.25 cents/kilo, up 2.50 cents from Thursday's close, dealers said. Dealers said the Inro Buffer Stock Manager was again offering SMR 20 at a lower price of 240 Malaysian cents/kilo for April delivery, ex-warehouseReuter - 268 words
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Article97 1988-03-26 5 AP WORLD OUTPUT of wheat is projected to rise this year, but could still fall short of demand for the second consecutive year, the International Wheat Council said in London on Thursday. In its first forecast of 1988 prospects, the council tentatively put 1988 worldAP - 97 words
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Article239 1988-03-26 5 RAS prices In S cents/kg, FOB In be let B NOON CLOSE Buyers Sellers Buyers Sellers lot 1 RSS Prompt 224.00 225.00N 225.50 226.50N kit 1 RSS Apr 88 222.75 223.25N 224.25 224.75 bit 1 RSS May 88 224.50 225.00 226.00 226.50 bit 2 RSS OP 220.50239 words
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Article76 1988-03-26 5 (canti/kg) APRIL 1988 MAY 1988 (currant month) (forward month) RAS NOON NOON Buy«n S*IWri Buyers SSR 20 222.00 224.00N 222.00 224.00N SSR 50 220.50 222.50N 220.50 222.50N MRELB Buy*rj S*H*n kytn SMS CV 311.50 313.50N 31 2.50 314 SON SMR I 313.00 315.00N 314.00 316.00N SMR 576 words
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132 1988-03-26 5 Reuter MALAYSIA'S 1987/88 (October-Sep-tember) crude palm oil output is likely to rise to 4.750 million tonnes from 4.557 million last season while imports could more than double to 200,000 tonnes, a US Embassy report says. The report, dated March 23, says its forecastReuter - 132 words
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146 1988-03-26 5 Reuter A SOVIET DELEGATION is in Canada trying to drum up new export sales to balance the huge grain purchases that will be made under the current five-year contract with the Canadian Wheat Board. Grains Minister Charles Mayer said on Thursday that the Soviet delegation,Reuter - 146 words
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Article202 1988-03-26 5 Reuter THE Kuala Lumpur Tin Markat prica aaaad three cants from Thursday to and at M 517.37 a kg in dull and-waak trading, dealers said. Markat sentiment was affected by a higher local premium of £20 over European spot tin prices, which continued to discourage strong buying fromReuter - 202 words
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Article291 1988-03-26 5 Reuter HONGKONG: Gold closed lower yesterday on moderate selling by local. US and Japanese investors. But the decline was limited by the firmness of silver prices. Bullion settled at U*****.30/70 an ounce against an initial 453.60/454.10 and compared with New York's close of U*****.70/454.20. On the local market,Reuter - 291 words
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287 1988-03-26 5 Reuter THE PRICE of nickel jumped on Thursday to a record US$2O,OOO a tonne on the London Metal Exchange. Traders said in London that stainless steel makers continued to snap up whatever nickel they could find. They use the metal to make steelReuter - 287 words
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Article36 1988-03-26 5 Reuter PIONEER Concrete Services Ltd said on Thursday its wholly-owned unit. Queensland Mines Ltd. had been granted approval in principle to explore for uranium around its Nabarlek operation in the Northern Territory. ReuterReuter - 36 words
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Article422 1988-03-26 5 Bernama ES Reuter Crude palm oil futures closed steadier yesterday in moderated »h- 9 Kua,a Lum P ur Commodity Exchange. Dealers attributed this to short covering and technical support. Good interest in cash market also boosted market sentiment, they said. Mtpoi t0 y 5902 P er tonne, MayBernama ES; Reuter - 422 words
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Article94 1988-03-26 5 Reuter SOYBEAN FUTURES rallied sharply late on Thursday on the Chicago Board of Trade on fund buying and posted gains of 10 to seven cents a bushel. New life-of-contract highs were set in the new crop months November, January and March during the rally on speculative buying ahead ofReuter - 94 words
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Article99 1988-03-26 5 Reuter WHEAT FUTURES closed with pared losses of 1/2 to two cents a bushel on the Chicago Board of Trade on Thursday. Spot May ended 1/2 cent lower at US$3.O6-3/4. Commercial buying, with Continental being the day's featured buyer, helped curb losses late. The market had remained weak forReuter - 99 words
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Article240 1988-03-26 5 Chinese Produce Exchange Sollort' noon doting pric*$ on Mordi 25 (S$/100 kg) Coconut oil Bulk FOB 103.00 Oid drum FOB 117.00 Now drum FOB 113.00 Copra Mlxod IIoom) 59 Pepper LA. .j.« rij, rr\uitto* wnrrt FOB NLW 1110.00 Sarawak wMto FOB faq NLW 1095.00 Sorawak tpodal block FOB240 words
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Article319 1988-03-26 5 London Commodity Exchange Buyer/Seller doting priest on March 24 (£/tonne unlets specified). Previout doting priest in parenthetic Coffee Batlt In-itore London, telieri option CIF London Mar 1092/1097 (1092/1095) High/Low 1104/1093 May 1126/1127 (1123/1125) High/Low 1139/1125 Sales (2009) Cocoa Mar 928/933 (913/917) High/Low 930/923 May 947/948 (936/937) High/Low 954/940319 words
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Page 5 Advertisements
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Advertisement93 1988-03-26 5 m vii < t r :>y c mm mm l :m ■«t MH n I ii HHI? < EfisiiSr^ W« £83 r-' WE DONT BELIEVE YOU SHOULD CARRY MORE THAN YOU HAVE TO. Dunhill has come up with a light weight and stylish idea for the busy executive; our durable93 words
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Page 5 Miscellaneous
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Miscellaneous84 1988-03-26 5 V*/"* Moscow Nassou New Delhi New York Nicosia Oslo Ports Perlh Rio 'Janeiro Rome Son Fris'co San Juan Santiago Sao Poulo Seoul Stockholm Sydney Taipei Tel Aviv Tokyo Toronto Vancouver Vienna Warsaw Washington 06/-2 Clear 26/20 Cloudy 33/14 Clear 21/07 Sunny 20/05 Clear 01 /-3 Cloudy 13/06 Cloudy 21/18 Drizzle84 words
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PERSPECTIVE
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Article541 1988-03-26 6 THERE IS SOMETHING in the battle of the sexes that can be both endearing and sad. What is endearing is that men and women, for all the chauvinism of the one and all the liberation of the other, cannot do without the opposite and541 words
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Article, Illustration1278 1988-03-26 6 FLORENCE CHONG - Some are already touting it as the takeover battle of all takeover battles. The opposing parties are Mr Robert Holmes a Court (right), arguably one of the world's best corporate raiders today; and Australia's richest publisher and businessman, Kerry Packer (left), who has teamed up1,278 words
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204 1988-03-26 6 letters to the Editor Dear Sir It was partial good news to hear the Minister of State (National Development Home Affairs) announce in Parliament that work on the underpass between the Orchard Road MRT Station and Dynasty Hotel will start by the end of204 words
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104 1988-03-26 6 Ron Graham - Ron Graham General Manager Pearl A Dean Dear Sir I refer to your report on March 23 about bookings for MRT advertisement panels and would like to point out the average of 145,000 trips daily was MRT's last estimate done in104 words
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204 1988-03-26 6 Experto Crede - Experto Crede Dear Sir A rather amusing instance of Catch-22 has recently come to my attention. It concerns the profession or business of an auctioneer. It appears that the powers that be will not grant an auctioneer's licence unless the applicant has204 words
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Page 6 Advertisements
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Advertisement81 1988-03-26 6 BT welcomes letter* from readers. Your letters must include your signature, full name, address, and home T 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. A tale of Hire* arts81 words
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Page 6 Miscellaneous
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Miscellaneous827 1988-03-26 6 CRYPTIC PUZZLE ACROSS 8 A regular, put a little in the shade (7) 9 Travel a lot and manage to play some golf (3, 6) 13 She's gone back in, to cage the bird (5) 14 What was paid for the American piano? (5) 15 Did he stumble on a827 words
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Executive Lifestyle
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Article270 1988-03-26 7 A WOMAN who heard that a medium in Geylang was "reliable" in dishing out 4digit numbers decided to try her luck. "Punt on your address." the medium told her confidently. "But that number was drawn last week," the woman protested. Shaking his head, the medium said:270 words
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Article, Illustration1180 1988-03-26 7 JULIAN WETHERED - By JULIAN WETHERED THERE WAS A BOY at my school before the war called Heyward. His father lived in Sarawak. Heyward taught us a strange pidgin doggerel which went like this: I die chickerdie pompom pooh die AH1,180 words
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Article, Illustration592 1988-03-26 7 I USED to look forward to my mail as eagerly as a school boy waits to tear open his presents. Now I not only cringe at putting my hand into the letter box, I actually try to avoid it. It has got nothing592 words
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Executive Lifestyle: Enetertainment & the Arts
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Article, Illustration740 1988-03-26 8 dawn, snowcapped above the plains, and now the Deer Cave at Mulu. The Deer Cave is the largest cave passage known to man, according to the brochure. Peering up at its cavernous roof, I suddenly realised that here was an architectural scale unknown to740 words
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Executive Lifestyle: Entertainment & Pursuits
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Article882 1988-03-26 9 RICHARD SEAH - HEAL TH By RICHARD SEAH THE ROBINSONS sale has been touted as "the sale worth waiting for". When it started two weekends ago. many shoppers really had to wait in a queue of cars that stretched from Centrepoint carpark all the way out to882 words
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512 1988-03-26 9 FOOD By THE FOOD TEAM KURT WALDHEIM was not on the menu nor did he crop up in the lunch conversation at the Vienna Food Festival now on at Fourchettes. the Oriental. Singapore. But a fleeting thought for the troubled Austrian politician popped512 words
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Article, Illustration494 1988-03-26 9 CHARLES SAVAGE - NIGHTSPOTS By CHARLES SAVAGE IT WAS A WARM Saturday evening in the city. At eight, it was still a sticky 30 degrees Centigrade. Warm gusts of wind blew little whirls of leaves outside as I descended into "The Club". It was494 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration464 1988-03-26 10 JAIME LYE - Love and gastritis Italian style CINEMA By JAIME LYE WATCHING Moonstruck is like watching a home movie during dinner in an Italian restaurant. It goes somewhat like this: Boy meets girl as you munch on the breadsticks; when you've come to the antipasti they're in bed; by the time you464 words
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Article, Illustration363 1988-03-26 10 JAIME LYE - THEATRE -by JAIME LYE IT WAS DINNER-THEATRE on the cheap sort of. Forty-five dollars bought you cocktails, snacks and Neil Simon s Barefoot In The Par* at the Mandarin on Wednesday and Thursday. Not a bad deal, considering that the choice363 words
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Article, Illustration619 1988-03-26 11 WALTON MORAIS - MEN By WALTON MORAIS THERE WERE no dancing condoms. And when the gathered male photographers tried to suggest blowing up some, the PR lady objected most vehemently. In short, the genders were split down the middle during the Aids Awareness Night at the Rumours619 words
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Article936 1988-03-26 11 Sakina Dhilawaia - ditional goods Compiled by Saklna Dhilawala Sakina Dhilawaia CINEMA: Stakeout starring Richard Dreyfuss and Emilio Estevez. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Batteries Not Included starring Hume Cronyn and Jessica Tandy. Showing at Jade: 11; 1.30; 4; 6.30; 9. The Last Emperor starring John Lone, Joan Chen936 words
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Executive Lifestyle: Sports
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Article, Illustration954 1988-03-26 12 Jerome Fandor - RACING on TMCk with Jerome Fandor THE AMATEURS were called to the rescue again when the Perak Turf Club found that scratchings left them with only 14 races over the weekend. Amateur fields make up another two races each day. The Bukit Timah954 words
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Article, Illustration454 1988-03-26 12 GOLF UPI TOM WATSON has criticised the rules that limit Seve Ballesteros's appearances on the PGA Tour. "I am in the minority on this, I know." said Watson, winner of eight major championships and a member of the 144-man field taking part inUPI - 454 words
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Article, Illustration699 1988-03-26 12 Mike Thumba - Bridge By Mike Thumba PREVIOUSLY, we discussed the problem of boldness in bidding. The examples were taken from the Far East Bridge Championship Games that were held in Penang in 1986. This week, I am examining a few interesting hands played at the British699 words
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Article, Illustration343 1988-03-26 12 FIGURE SKATING Reuter OLYMPIC CHAMPION Katarina Witt of East Germany, never at her happiest in the compulsory figures event, won a close battle with Canada's Liz Manley at the world figure skating championships in Budapest on Thursday. "The figures have not beenReuter - 343 words
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Article326 1988-03-26 12 WALTON MORAIS - WALKING By WALTON MORAIS A NEWSPAPER comes of age and it's time for some athletics nostalgia. After a four-year lapse. Big Walk will make a comeback to the local athletics scene on June 26 with The Sunday Times/Shin Min Big Walk, which is being326 words
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133 1988-03-26 12 SOCCER AFP THE International Football Federation (Fifa) threatened on Thursday to switch the 1990 World Cup venue from Italy because of a row over television facilities. Fifa secretary Josef Blattner has told the Italian federation that if it does not give "precise details''AFP - 133 words
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Article, Illustration366 1988-03-26 12 TENNIS AP TOP SEED STEFFI GRAF won a battle of 18-year-olds while No 2 Chris Evert beat a player half her age on Thursday to advance to the women's finals of the International Players Championships. Graf, the defending champion, swept past unseeded Stephanie ReheAP - 366 words
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Article, Illustration341 1988-03-26 12 YACHTING UPI THE WORLD'S largest racing yacht took to the water off New Zealand for the first time on Thursday and opened another chapter in the controversy-ridden 137-year history of the America's Cup. Named New Zealand, the space-age yacht is 35 metresUPI - 341 words
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369 1988-03-26 12 BOXING AP FORMER heavyweight champion George Foreman, coming off an unimpressive showing against Dwight Muhammad Oawi, has been dropped from a June 6 fight card because he refuses to meet any credible fighters, promoter Bob Arum said. The decision apparentlyAP - 369 words
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Executive Lifestyle: Personal Investment
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715 1988-03-26 13 GOLD IHT HAVE WE HEARD the first growls of a gold bear market or is the metal's bull market just taking a breather? That has become a subject of debate in the past few weeks, as gold prices have dropped roughly 15IHT - 715 words
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284 1988-03-26 13 SEMINARS THE FIRST Asian Compu Trac computer charting seminar held in Singapore in October 1985 was so successful that many people were turned away at the door. Another seminar has been set, and, starting this year, the organisers are planning to make Singapore a284 words
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Article, Illustration375 1988-03-26 13 Ramesh Chandiramani - ST INDEX mim pfpoi? -by Ramesh Chandiramani LAST WEEK'S column made two market observations that index stocks would experience a mild technical correction and that there would be a rotation of interest from stocks that are high into stocks that are low. Both of these predictionsSource: Investamatic - 375 words
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306 1988-03-26 13 Ruth Corb - ART TRADE by Ruth Corb THERE WAS little mainstream activity in the art market this week, but no shortage of interesting events. A change in the levying of tax on capital gains in the UK, which was announced in the latest British budget306 words
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Article, Illustration1056 1988-03-26 13 RAMESH CHANDIRAMANI - HONGKONG STOCKS By RAMESH CHANDIRAMANI INTERNATIONAL investors are still smarting from the four-day closure of the Hongkong stock market last October. The scandals involving Ronald Li, the former chairman of the exchange, and the collapse ofSource: - 1,056 words
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Page 7 Advertisements
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Advertisement31 1988-03-26 7 FOR THE CARD THAT OFFERS YOU FREE TRAVEL INSURANCE OF US >50,000, CALL 532 3577 O chase wmmm vrsA wmmm va.* "4*CAa*V x HvU lbeo M u»Tt« CHM CHASE CLASSIC VISA31 words
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Advertisement216 1988-03-26 7 Timeless values. These two exquisite watches, in the shape of peaches, are called «For China». The craftsmen of Geneva were renowned for their mastery of enamel and these watches are a triumph of their art. By their efforts the subtle gradations of colour found in the skin of the fruit216 words
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Page 8 Advertisements
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Advertisement706 1988-03-26 8 COURVOISIER XO-Where to eat, drink... MALAYSIAN HIGH TEA ONLY $7.00++ I Ea> Try Something Malaysian Style "HIGH TEA" From three to s« every afternoon your choice of 15 Buffet spread of delicious Kueh Lapis. Kueh Dadah. Met Sum, Kueh Kuchee. Agar Agar Gundil, Bubor Hitam, Gula Melaka and many more.706 words
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Advertisement169 1988-03-26 8 I Mandarin Singapore presents Neil Simon's BAREFTVT IN THE R\RK The smash comedy that took Broadway and West End by storm! Neil Simon at his best-" Washington Rost. makes you want to take off your shoes and dance barefoot down the street." New York Daily News. Venue: Mandarin Ballroom 23169 words
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Page 9 Advertisements
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Advertisement550 1988-03-26 9 and entertain 4 Kiwi Offerings from the Land and Sea From the land of the Kiwis, we bring you a most bountiful fare. We'll be ofering only the most tantalising items from the land and Ihe sea at our New Zealand Meat and Seafood Promotion. Rock Oysters and Salmon Trout,550 words
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Advertisement30 1988-03-26 9 Take that business trip with the light clothes to give you the right look M J 1 Jj WINDY BAY APPAREL PTE. LTID. Marina Sauare #03-316 Singapore 0103. Tel: *****0730 words
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Page 9 Miscellaneous
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Miscellaneous1093 1988-03-26 9 Saturday 4vvv|i BBC 88.9 mHz in VHF Band II 6AM World News 6.09 The World Today 6.25 A Letter from Northern Ireland 6.30 Financial News 6.40 Reflections 6.45 Sports Roundup 7.00 World News 7.09 Commentary 7.15 From the Weeklies 7.30 Multitrack 3 6.00 World News 8.09 News about Britain 8.151,093 words
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Page 10 Advertisements
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Advertisement177 1988-03-26 10 Welcome to the new comforts of home There are c hanges in the air at Hotel Equatorial Kuala Lumpur. Most B/Lj/L important is; the total make-over in jKb our rooms amd suites, now in a modern, contemporary style that's I_ charmingly comfortable, k A new refreshing Look greets you at177 words
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Page 10 Miscellaneous
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Miscellaneous1817 1988-03-26 10 Timestalkers and the Real Untouchables Movies The Red House refers to a strange old house containing many mysteries, providing constant fear for a young couple, who risk their lives to unravel its secrets. Exciting 1947 melodrama featuring a fine cast that includes Edward G Robinson and Con McCallister. (Today, 91,817 words
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Page 11 Advertisements
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Advertisement298 1988-03-26 11 uper Challenging the Future utoatic U mque VASHICA re-invents the camera! SfIHIURIII No other camera looks like it. No other camera handles like it. No other camera has all its features. (Over 40 patents covering optical and electronic design). fly v o" .*0 \o< evolutionary mazing nnovative VASHICA Type: SLR298 words
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Page 13 Advertisements
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Advertisement28 1988-03-26 13 BT welcomes investment ideas and viewpoints from brokers bankers and othei readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.28 words
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Advertisement577 1988-03-26 13 HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) The Directors hereby announce the following:AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1967 Total Income from Operations Operating Profit before Taxation and Extraordinary Items Less: Income Tax Operating Profit after Taxation and before Extraordinary Items Less: Extraordinary Items Profit after577 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4621 1988-03-26 14 LED BY THE overnight 44point tumble on Wall Street, share prices on the Singapore stock market fell from the outset on nervous selling by small investors. The market closed weak, in unison with major Asian markets. The Straits Times Industrial Index, the market's4,621 words
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Article4077 1988-03-26 14 BID and offer price* officially listed and business in and reported to the Stock Exchange <tf Singapore yesterday with the number oI shares traded shown in brackets in lots o1 1,000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT"4,077 words
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Article78 1988-03-26 14 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 on Monday, March 28, at 11am. GOOOWOOO PARK HOTEL Limited: 40th AGM at the Tudor Ballroom. Goodwood Park Hotel. 22 Scotts Road.78 words
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Article315 1988-03-26 14 Managers prices for March 26 28 oingapore unu i The Commerce 0 The Savrnat Fund 0 rusr 94 100 80 QSfc.a S pore Fr S pore Si »n S pore Ec Mo J In vet Moi Prog Mol Secu Moi Berpc Mo' Equit Mo< Com Roy tT S315 words
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COMPANY NEWS
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640 1988-03-26 15 ALVIN TAY - By ALVIN TAY SINGAPORE'S Big Four local banking groups generated a record aggregate net profit of $459.3 million last year, topping the last high of $450.3 million in 1983 The 1987 performance was also a 23.8 per cent gain over the previous year. This640 words
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348 1988-03-26 15 LEE HAN SHIH - By LEE HAN SHIH SINGAPOREAN Robert Ng, son of property magnate Ng Teng Fong, astounded the Hongkong property market on Thursday by his aggressive bids that netted him a large residential site far from the city centre. Bouncing back from348 words
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Article, Illustration628 1988-03-26 15 Bernama ES THE KUALA LUMPUR Stock Exchange is speeding up the formation of a second board, says chairman Nik Din Mohamed Yusoff. The listing of new companies is expected to increase when the board is introduced, said Mr Nik DinBernama ES - 628 words
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Article282 1988-03-26 15 DESPITE A sharp increase in income from operations, Harimau Investments Ltd the last of the closed-end unit trusts associated with the Big Four Banks to report its results suffered a sharp drop in earnings last year. For the year ended Dec 31, 1987, pre-tax profit dropped 55.08282 words
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Article122 1988-03-26 15 TRANSMARCO LTD. a subsidiary of retail giant Metro Holdings, has acquired another 50 per cent stake in photographic equipment trader H Warta Enterprises Pte Ltd (HWE). HWE will now become Transmarco's wholly-owned subsidiary. Yesterday's announcement said the remaining 33,955 shares were acquired for a consideration of122 words
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251 1988-03-26 15 UNITED OVERSEAS Finance Ltd. the listed finance arm of United Overseas Bank Ltd, has improved its pre-tax profit by 41.5 per cent to $8.34 million for the year ended December 1987 despite a fall in operating revenue. UOF, whose main business is property financing,251 words
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132 1988-03-26 15 Bernama ES GUINNESS MALAYSIA Bhd will continue to invest heavily in upgrading its brewery, executive chairman D F Burditt said in his latest annual report He said the investment would yield further energy savings, improved process efficiencies and wastage control. He was confident of continuedBernama ES - 132 words
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Article101 1988-03-26 15 SUNSHINE ALLIED Investment* Ltd posted a slight increase in pre-tax operating profit of $1 48 million ($1.37 million) on a turnover of $19.61 million ($14.95 million) for the six months ended Dec 31. 1987. Profit after tax and minority interests but before extraordinary items rose 34.7 per cent to101 words
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Article, Illustration476 1988-03-26 15 CORRINA LIM - By CORRINA LIM THE CONTROVERSIAL merger of New Zealand brewer Lion Corporation and retailer L D Nathan opposed by Lion's Singapore shareholders Fraser and Neave Ltd and Malayan Breweries Ltd has hit another snag A New Zealand champion of small shareholders has asked Justice Minister476 words
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414 1988-03-26 15 AMY BALAN - By AMY BALAN STRAITS Trading Company Ltd, one of Singapore s most venerated companies, celebrated its 100 th year in business with an 8 per cent rise in profit after tax and minorities to $25.34 million last year ($23.47 million previously). Directors of414 words
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Page 15 Advertisements
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Advertisement502 1988-03-26 15 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following:1987 The Group The Bank SS'OOO Ss'ooo 1986 The Group The Bank Ss'ooo Ss'ooo 104,807 77,849 The Group The Bank 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1987 Net profit for502 words
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REGIONAL MARKETS
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Article221 1988-03-26 16 Crash impact taken into account Agencies NET PROFIT of merchant banker Jardine Fleming Holdings Ltd for the year ended Dec 31. 1907. soared 82 per cent in a year to HK$3BO million. The results were made after taking full account of the impact of theAgencies - 221 words
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147 1988-03-26 16 AFP SETTLEMENT of claims involving collapsed foreign exchange trader Deak and Co (Macau) is due to start next month and is likely to be completed in July, sources close to the proceedings said in Macau on Thursday. The Macau liquidator said creditors were likelyAFP - 147 words
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81 1988-03-26 16 AFP TOP HONGKONG conglomerate Jardine Matheson Holdings Ltd said on Thursday that its after-tax profit rose 64 per cent last year to a record HK$7B4 million. The group recorded an extraordinary profit of HKS27B million. The board recommended a total dividend of 47.5AFP - 81 words
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Article57 1988-03-26 16 Reuter FURAMA Hotel Enterprises Ltd is buying a property company for HK$427 million from firms related to its chairman Fu Yum Chiu. Furama said on Wednesday that it will buy Taiwa Land Investment Co Ltd. which owns as its sole asset a property site of 21,194Reuter - 57 words
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Article3193 1988-03-26 16 SHARE PRICES on the Kuala Lumpur stock market closed broadly easier in selectively active trading yesterday following a sharp drop on Wall Street overnight. A broker noted that Singapore stocks appeared to bear the brunt of the selling while local stocks were able to absorb3,193 words
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Article93 1988-03-26 16 Reuter JARDINE MATHESON Holdings Ltd chairman Simon Keswick said yesterday that he will step down and become non-executive chairman after the company's annual general meeting in June. Mr Keswick, who is chairman and managing director of all five listed companies in the Jardine group,Reuter - 93 words
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194 1988-03-26 16 Reuter THE NEW WORLD Development Co Ltd of Hongkong is confident of the prospects for the property market this year, after reporting a HKSSI9 95 profit for the six months to Dec 31 against U*****.84 million a year ago. Chairman Cheng Yutung said in aReuter - 194 words
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Article139 1988-03-26 16 Reuter EVERGREEN MARINE Corp (Taiwan) Ltd said in Taipei yesterday that it more than doubled its profits last year to NT$2 billion (Ssl36 million) from NT$957 million in 1986 The company will pay a dividend of NT$2.5O per share. Evergreen attributed the increased profit to higherReuter - 139 words
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Article1457 1988-03-26 16 Hongkong Reuter HONGKONG STOCKS closed weak yesterday but were off the day's lows, after a day overshadowed by Thursday's sharp drop on Wall Street, brokers said. The Hang Seng Index ended down 44.47 points, or 1.7 per cent, at 2,***** after losing more than 60 points atReuter - 1,457 words
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Article133 1988-03-26 16 MAN 29 WOM Oei Sugar Daalim Ind ***** ***** -400 -100 Daewoo Corp Daawoo Haavy Daiahm Sacuritiaa Dong Ah Ptiar Dong Soh Stock Dongbu Staal Gold Star ***** ***** ***** ***** ***** ***** ***** 300 •*600 600 -300 1300 500 ->800 Hanil Bank Hand Camant Hankuk Glaaa Hanyang Chamtcal133 words
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Article515 1988-03-26 16 Reuter STOCKS on the Tokyo market closed lower yesterday following Wall Street's 44-point tumble overnight and a faltering dollar. "It is not very clear what will happen to the yen or the New York market," said deputy branch manager Takeshi Murakami of Schroder Securities. "But I don't think today'sReuter - 515 words
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Article447 1988-03-26 16 Reuter SHARE PRICES on the Australian share market closed sharply lower yesterday as selling pressure in all sectors wiped out Thursday's gains. Brokers said early nervousness in the industrial sector, caused by a 44point fall on Wall Street on Thursday, spread to the other boards. "There's no way thisReuter - 447 words
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Article169 1988-03-26 16 Reuter THE SECURITIES Exchange of Thailand Index dropped 3.01 points to 402.05 yesterday on a turnover of 13,537,606 shares worth 1232.16.23 million baht. Reuter MAR 23 BAHT Ao Kham Thai 206 -4 Ayudhya Invastmant 506 6 Bangkok Aground 156 -2 Bangkok Bank 333 -2 Bank CX Ayudhya 360 *2Reuter - 169 words
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Article298 1988-03-26 16 MAM 25 All Sincara Indus WT I 3 07 -011 Asia Cament 73 00 -t Cathay Corn 80 50 -2 Chang Hwa Bank 315 00 -9 Chang Loong Chia Ham Camant 00 50 57 00 unch -1.5 Chin Hsin Flour 20 50 -06 China Cham 33 70 -03 China298 words
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Page 16 Advertisements
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Advertisement293 1988-03-26 16 APPOINTMENTS Multinational trading and ratail group spacializin conaumar and gift products aaak top bra parsons for tha following positions: REGIONAL MANAGER (South East Asia) Aga: Above 40 Qualificationa: Preferably M.B.A. Person lacking professional qualification but with exceptional talent and experience may also be considered. Exparianca: Must have pleasant personality with293 words
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Advertisement171 1988-03-26 16 NOTICE FEGA PRIVATE LIMITED j (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN. pursuant to Section 308(2) of the Companies Act. Cap. 50 that the Final Meeting of the abovenamed Company will be held at 3 j Shenton Way #09-08 Shen- j ton House. Singapore 0106 on Tuesday, the 26th171 words
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WORLD MARKETS
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1075 1988-03-26 17 New York Reuter WALL STREET tumbled to its fourth biggest loss of the year on Thursday in a fit of nervousness about interest rates and the dollar, traders said. But a recovery in bond prices in the afternoon saved the market from further weakness,Reuter - 1,075 words
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Article979 1988-03-26 17 London Reuter EQUITY PRICES opened mostly lower in quiet nervous trading ahead of yesterday's release of the UK February trade figures at 1130 GMT. At 0915 GMT, the FTSE 100 Share Index was off 10.5 points at 1772.2. Dealers noted Thursday's sharp falls in London were mirroredReuter - 979 words
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Article1310 1988-03-26 17 Selected indices HONGKONG Hongkong Index Friday 1.639 86 Thursday 1 666 72 Week 090 1708 39 Hang Seng Index Friday 2.***** Thursday 2.546 40 Week ago 2.607 60 All Industrial] Fridoy Thursday Week ogo NEW YORK Dow Jones Thursday Wednesday Week ogo 2 281 0 2 326 8 ***** 21,310 words
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Article106 1988-03-26 17 Reuter BRITISH aeroengine makers Rolls Royce on Thursday announced record pre-tax profits of £156 million last year. 30 per cent higher than in 1986 Turnover for the firm, privatised by the Conservative government last year, was up 14.3 per cent to a record £2 06Reuter - 106 words
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Article116 1988-03-26 17 Reuter SEEKING TO EXPAND its role in the fast-growing business ot managing telecommunications networks. International Business Machines Corp (IBM) said on Thursday that it would buy Pactel Spectrum Services, a unit of Pacific Telesis group. Terms of the cash transaction, which IBM expects to completeReuter - 116 words
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266 1988-03-26 17 Company to admit to overcharging NYT MOTOROLA INC has agreed to plead guilty to criminal charges of overcharging on military contracts and to repay US$l6 million to the Pentagon, the Justice Department has announced. The company's Government Electronics Group was accused of mischarging for labourNYT - 266 words
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212 1988-03-26 17 AFP A NUMBER of French firms reported results for 1987 on Thursday. including Dunlop France SA, a subsidiary of Japan's Sumitomo Group, which became profitable three years after its establishment. Firm chairman Claude Cham told the press that the company made a currentAFP - 212 words
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217 1988-03-26 17 AFP SAVINGS BANKS whose deposits are insured by the US government lost US$3.2 billion in the final quarter of last year, making 1987 their worst year ever, the Federal Home Loan Bank Board said in Washington on Thursday. Last year, the industryAFP - 217 words
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626 1988-03-26 17 AP AFTER FOUR YEARS of tortuous litigation, Texaco Inc has got permission to lower the curtain on its multi-billion-dollar legal battle with Pennzoil Co and the historic bankruptcy case stemming from it. But while that particular act may beAP - 626 words
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241 1988-03-26 17 Reuter OPERATING profit of the car division of Sweden's AB Volvo fell 23 per cent to 4.31 billion crowns in 1987 from 5.57 billion in 1986, mainly due to the lower value of the dollar. Volvo said in Stockholm in its definitive annualReuter - 241 words
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70 1988-03-26 17 Reuter THE US National Association of Securities Dealers Inc has censured Morgan Stanley Group Inc subsidiary. Morgan Stanley and Co Inc. fined the firm US$5O,OOO and suspended it for 30 days from acting as a Small Order Execution System market maker Morgan Stanley traderReuter - 70 words
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Page 17 Advertisements
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Advertisement117 1988-03-26 17 COULD YOU SELL THIS SPACE? Business Times has a vacancy for an experienced sales person whose personality, background and experience will enable him/her to seek out and persuade advertisers whose products or services would benefit from exposure in the leading business newspaper in Singapore. The position and the remuneration will117 words
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Article, Illustration527 1988-03-26 18 ZHOU MEI - KL aware of China's potential By ZHOU MEI MALAYSIA'S bilateral trade agreement with China, to be signed on April 1 in Beijing, reflects Malaysia's determination to establish and pursue markets, both traditional and non-tradi-tional. said Datin Paduka Rafidah Aziz, Malaysia's Minister of Trade527 words
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374 1988-03-26 18 THE MALAYSIAN economy is gaining strength and investors ought to exploit this opportunity together with the attractive incentive package now being offered, Malaysia's Trade and Industry Minister, Datin Paduka Rafidah Aziz, said yesterday. In her opening address to a conference on business prospects374 words
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Article, Illustration332 1988-03-26 18 AFP THE SOVIET UNION yesterday called for drastic cuts in superpower military presence and naval patrols in South-east Asia and urged the US to make its stand known on the proposal. Soviet Deputy Foreign Minister Igor Rogachev, speaking at a news conference windingAFP - 332 words
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181 1988-03-26 18 THE TWO SINGAPORE seafarers' unions have reminded shipowners to keep their men informed before entering the high risk waters of the Persian Gulf as spelt out in the collective agreements. The reminder came after two Singapore registered vessels, the Neptune Subaru181 words
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Article66 1988-03-26 18 FINANCE MINISTER Dr Richard Hu has appointed the following as members of the Valuation Review Board for a further period of three years from the beginning of this month. They are Dr Hiew Siew Nam. chairman of Ngee Ann Polytechnic council; Mr Chan Sik Kwan. a66 words
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76 1988-03-26 18 MALAYSIA AIRLINES has signed a three-year agreement in Beijing with China Aviation Supplies Corporation to overhaul and repair the Boeing 737 aircraft of the Civil Aviation Administration of China. CAAC, which owns 23 B-737 aircraft and a fleet of B-7475, becomes the 17th customer76 words
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204 1988-03-26 18 Bernama ES FOUR parties, including one each from China and Taiwan, are keen to participate in Malaysia's proposed ethylene petrochemical plant. The project is reported to cost US$l billion and is expected to produce 300,000 tonnes of ethylene annually. Petronas president Tan Sri AzizanBernama ES - 204 words
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Article306 1988-03-26 18 JAPAN'S globalisation needs and Singapore's goal to become a total business centre (it hand in glove, said EDB general manager Mr Tan Chin Nam. Thus, while total investments by Japanese companies in Singapore lag behind European and US companies, Japan remains a prime target in306 words
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194 1988-03-26 18 THE GOVERNMENT has banned the import of volcanic rock aggregates less than 40mm in size which are used in the making of concrete. The ban, gazetted by the government last night, is made under the Prohibition of Imports (Volcanic Rock Aggregates) Order194 words
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248 1988-03-26 18 Reuter ACTING PREMIER Li Peng has promised China five years of high growth, less government, more reform, more markets and deregulation of prices. His remarks were made yesterday in his keynote speech on the first day of the annual meeting ofReuter - 248 words
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97 1988-03-26 18 A MALAYSIAN permanent resident, Yusof bin H Burman, was arrested by immigration officers on March 24 for his part in bringing in five illegal immigrants into Singapore, the Controller of Immigration announced yesterday. He had arranged with a boatman known as Maan to bring the97 words
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299 1988-03-26 18 AFP THE MALAYSIAN government and its Home Minister helped to defame Prime Minister Mahathir Mohamad by releasing an allegedly defamatory article in a news magazine, a lawyer for the Far Eastern Economic Review told the High Court in Kuala LumpurAFP - 299 words
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LATE FILE
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Article47 1988-03-26 18 Reuter A CONTINUING dispute between Canada s Falconbridge Ltd and the Dominican Republic over export duty, which has delayed the company's ferro-nickel shipments to customers, is the key to the trend ot nickel prices, said metal traders in London yesterday. ReuterReuter - 47 words
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Article36 1988-03-26 18 Reuter THE passenger terminal of a major new airport being built near Osaka will be based on a concept proposed by French airport authority Aeroport de Paris, said a spokesman in Tokyo.Reuter - 36 words
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Article33 1988-03-26 18 AFP SEVENTY-FOUR Vietnamese servicemen are missing after a clash with Chinese forces in the Spratly Islands. Newspapers in Hanoi said yesterday that about half of them were believed dead. AFPAFP - 33 words
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Article29 1988-03-26 18 AP EMBOLDENED by South Korea's growing current account surplus. the government yesterday eased restrictions to allow individuals to invest up to US$l million abroad. APAP - 29 words
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Article37 1988-03-26 18 Reuter THE World Bank yesterday said it would grant China a US$3OO million loan to help finance an experiment that could lead to a revolutionary change in the country's agricultural system. ReuterReuter - 37 words
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Article40 1988-03-26 18 Reuter PHILIPPINE President Corazon Aquino has sent an advance party to her ancestral hometown in southern China to prepare for her state visit to the country next month, said the official China News Service yesterday. ReuterReuter - 40 words
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Page 18 Advertisements
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Advertisement20 1988-03-26 18 paco rabanne pour homme i..., a 3m KM > m f What is remembered is up to you paco rabanne PARIS20 words
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