The Business Times, 2 April 1988

Total Pages: 16
1 16 The Business Times
  • 12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, April 2-3 1988 75 CENTS
    12 words
  • 92 1 Stock Indices Frtdoy Tokyo Nikkei Average *****.22 (-156.04) Thorjday New York (Dow Jones) 1988.06 9.94 London (FT 30 Index) 1386.7 (-11.4 KL Tin 17.35 M$/kg 0.02) Turnover: 42 11 Palm oil Turnover: 940ton (+152) April M$940/tonne M$22) Moy M$940/tonne M$27) June M$935/tonne M$29) July M$925/tonne M$27) Market
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  • 106 1 THE US DOLLAR yesterday fell slightly against major currencies in Tokyo, in spite of persistent intervention by the Bank of Japan. The London and New York foreign exchanges were closed for the Easter holiday. Dealers attributed the dollar's weakness yesterday to heavy selling by speculators
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  • 55 1 UPI TWO-WAY TRADE between the United States and Hongkong totalled more than US$l4.5 billion last year, a jump of nearly 16 per cent over the previous year, the US Consulate said. US officials said on Thursday a large part of the trade increase was due to Hongkong's
    UPI  -  55 words
  • 516 1  -  Injunctions stand in way of deal with Sembawang By WILLIAM CHIA BETHLEHEM Singapore Shipyard, in the news lately because of disputes with former workers over retrenchment payments, is trying to sell off its moveable assets and go into voluntary liquidation. It is close
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  • 446 1  -  By CORRINA LIM TWO REMISIERS from stockbroking firm Ong Co have agreed to join a new securities firm, to be owned by publicly-listed Lum Chang Holdings, as directors. Broking sources said both remisiers were recently approached by Lum Chang to join
    446 words
  • 376 1 Bernama THE 17th meeting of the Asean Committee on Culture and Information (Coci) has agreed to adopt the programme of action endorsed at the Manila Asean summit last December as the basis of its future course of action. A statement issued at the
    Bernama  -  376 words
  • 65 1 AFP THAI Foreign Minister Siddhi Savetsila will meet US President Ronald Reagan in Washington on April 22 to discuss political and economic issues. Foreign Ministry spokesman Saroj Chavanavirath said in Bangkok yesterday. Mr Siddhi and Princess Chulabhorn are also to attend a dinner in New
    AFP  -  65 words
  • 133 1 Bernama SELANGOR Mentri Besar Datuk Muhammad Haji Muhammad Taib has announced the membership line-ups of pro tem committees ot the 14 Umno Baru divisions in the state which have been approved by the party's supreme council. Datuk Muhammad, who is Selangor Umno
    Bernama  -  133 words
  • 207 1 Reuter THE ROBUSTNESS of Japan s economy has bean helping trim the country's huge trade imbalance and the surplus may be cut by more than US$lO billion in 1988, say economists in Tokyo. "That level of reduction would be a healthy
    Reuter  -  207 words
  • Page 1 Advertisements
    • 257 1 Nikon t 7*• Wortd't Flint 1 WHmripMc Sfslwn INSIDE AS THE FAMILIAR patterns of a settled and decipherable post-1945 world give way to new questions and new anxieties, change will be the only constant for years to come. BT ON SATURDAY, Page 2 CHINA'S PARLIAMENT is close to passing a
      257 words
    • 328 1 Nikon viw **ww i rmwi niMQyfipiNC •fnvM Is this art? If not, so what? Page 7 Qamaaaal TM1 U la rirMßii I nvia Going for serious money' Page 7 Tksatra Deathtrap, no sparkle of life Page 8 Two legs good, four wheels bad Page 9 You get to eat better
      328 words

  • ASIA-PACIFIC
    • 484 2 Reuter AFTER NINE YEARS of debate, China's parliament is close to passing a landmark company law aimed at making managers real masters of their factories and ending decades of bureaucratic interference and extortion. State Economic Commission Minister Lu Dong explained the proposed law
      Reuter  -  484 words
    • 368 2 Bernama THE COMMITTEE for the review of the Philippines-US military bases agreement has completed preparations for next week's talks with the US representatives. Officials of the Philippine Department of Foreign Affairs said on Thursday that the joint execu-tive-legislative-judicial committee held ten
      Bernama  -  368 words
    • 80 2 AFP JAPAN'S unemployment rate fell 0.3 percentage point from a year earlier to 2.7 per cent in February but was unchanged from January, the Management and Coordination Agency said in Tokyo yesterday The number of jobless people fell 6.9 per cent to 1.73 million, comprising 1.06
      AFP  -  80 words
    • 232 2 AFP A SENIOR official, dismissed after a billion-dollar import binge in Hainan in 1985, has been named vice-mayor of Guangzhou, it was announced in Beijing on Thursday. Lei Yu, now 54, was sacked as head of government and vice-secretary of
      AFP  -  232 words
    • 136 2 UPI DHAKA intends to forbid the Soviet Union to use Bangladesh's sea port as a naval base. Foreign Minister Humayun Rasheed Choudhury said in Bangkok on Thursday. "We have been subscribing to the concept of the Indian Ocean as a zone of peace,
      UPI  -  136 words
    • 165 2 AFP THE SRI LANKAN government has banned political meetings against the island's first provincial council elections, an official spokesman said on Thursday. The action was decided by the Cabinet on Wednesday after reports that "certain political parties' were planning to incite voters to boycott the
      AFP  -  165 words
    • 326 2 Reuter TAIWAN is considering giving official permission for its businessmen to invest in China through indirect channels, a Hongkong magazine said. The independent Nineties Magazine, quoting senior government and party officials in Taipei, said the move was mainly aimed at diverting Taiwan's glut of
      Reuter  -  326 words
    • 146 2 AP A TAIWANESE business organisation said on Thursday that it would send a 30-member factfinding delegation to the Soviet Union later this year if its government approves to explore possible trade with the communist nation. Taiwan bans direct trade with the Soviet Union
      AP  -  146 words
    • 210 2 Reuter PREMIER Yu Kuo-hua of Taiwan defended massive defence spending, saying Taiwan needed to develop more-sophisticated weapons and build warships to counter military threats from China. "We still cannot reduce our defence spending so long as Chinese military threats remain unchanged," Mr Yu said on Thursday.
      Reuter  -  210 words
    • 322 2 AP AMID A housing-construction boom, the Japanese government reports that land prices skyrocketed in 1987, with the choicest piece of commercial real estate in central Tokyo worth over US$6.7 billion per acre. Japanese newspapers yesterday bemoaned the record price increase in
      AP  -  322 words
    • 309 2 AFP JAPAN has agreed to help Thailand upgrade 26 of its export products to Japan and other countries, a Thai Foreign Ministry official said in Bangkok on Thursday. Danai Talalamba, directorgeneral of the Department of Economic Affairs, said Japan will provide Thailand with
      AFP  -  309 words
    • 304 2 UPI JAPAN and the US have reached substantial agreement on a new five-year pact to expand their scientific and technical cooperation, the State Department said in Washington on Thursday. The new agreement, to be concluded in about three months, seeks incentives
      UPI  -  304 words
  • Page 2 Advertisements
    • 579 2 m &it t PS.-K 5] CHUAN HUP HOLDINGS LIMITED (INCORPORATED IN SINGAPORE) HALF-YEARLY REPORT ON CONSOLIDATED RESULTS FOR THE SIX MONTHS ENDED 13/12/87. THESE FIGURES HAVE NOT BEEN AUDITED. The Directors of Chuan Hup Holdings Limited are pleased to announce the unaudited results of the Company and the Group for
      579 words
  • Page 2 Miscellaneous
    • 50 2 Doonesbury GOOP EVENING, SIR.IUKWERIF IMI6HT HAVE A m f m BY GARRY TRUDEAU IKJJO6U rrs NOT MY PLACE ID REPORT THIS, SIR, BUT I THOU6HTYOU SHOULD KNOUI 7: m IrS^Bßp THANKS TAKEN THB B&NNST. ÜBERTi OF PACXJNS SAY.S/NCB YW* y YOURS HERS-, 1 COULD USB *IRSOME MORE BATH SALTS... ■2
      50 words

  • REST OF THE WORLD
    • 466 3 Reuter A CRIMINAL INVESTIGATION of the top US law officer has thrown the country's justice department into its worst crisis since the Watergate scandal and embarrassed Vice-President George Bush in his quest for the White House. Attorney-General Edwin Meese is resisting demands that
      Reuter  -  466 words
    • 846 3 ARRIVALS Operator $wfk» Local From number tinw CAl C»06 1000 CGK CPA CX710 1015 CGK GU GA960 1100 CGK SU SQ105 1105 KUl RBA KM 21 1130 •WN TMA TL361 1130 BCY/SHJ SU SQ201 1145 CGK THAI TG403 1155 BKK SU SQ191 1155 PEN SU SQ238 1155
      846 words
    • 503 3 Congress drops provision for retaliation against unfair barriers Reuter US CONGRESS has dropped from a trade bill a provision for mandatory retaliation against US trading partners unfairly blocking American competition. The provision, opposed by the White House, had required US retaliation against countries running consistent trade
      Reuter  -  503 words
    • 89 3 Reuter THE CHAIRMAN of the US International Trade Commission (ITC) called on Thursday for tougher laws in developing countries to end the piracy of copyrights, patents and other intellectual property. Susan Liebeler said. "If the developing countries do not protect intellectual property soon, they will
      Reuter  -  89 words
    • 403 3 UPI THE REAGAN ADMINISTRATION, taking further steps to stem the flow of US dollars to Panamanian strongman General Manuel Antonio Noriega, has announced alternative methods for American companies and individuals to pay their debts to Panama. White House spokesman Marlin Fitzwater
      UPI  -  403 words
    • 297 3 AFP WEST GERMANY'S trade surplus for January 1988 was 8.5 billion Deutschemarks. 18 per cent up on January 1987's 7.2 billion marks. The Federal Statistics Office in Bonn reported on Thursday that the current account balance stood at 4.8 billion marks in January
      AFP  -  297 words
    • 236 3 Reuter EAST GERMANY and West Berlin agreed on Thursday to swap enclaves of territory dotted in and around the divided city and remove some of the geographical eccentricities left by World War 11. The swap, involving about 180 hectares, will allow
      Reuter  -  236 words
    • 283 3 Reuter STRIKES DISRUPTED INDUSTRY in the disputed Azerbaijani area of Nagorno-Karabakh on Thursday, despite criticism of the protests by local communist party leaders. Soviet government newspaper Izvestia reported yesterday that 80 per cent of workers had not turned up at a silk
      Reuter  -  283 words
    • 176 3 AP THE NORTH ATLANTIC Treaty Organisation (Nato) on Thursday welcomed an offer by the Warsaw Pact military bloc to hold separate negotiations on reducing conventional forces and battlefield nuclear arms in Europe. Warsaw Pact foreign ministers issued a statement on Wednesday urging a start this
      AP  -  176 words
    • 316 3 AFP PRESIDENT Francois Mitterrand, the front-runner for this month's French presidential election, on Thursday toned down his electoral rhetoric and emphasised his own unity theme, which has become a major plank in the campaign. "I think I can unite more than others can. that
      AFP  -  316 words
    • 289 3 AP THE BRITISH government will investigate the reported disappearance of official military files which may relate to the war-time record of Austrian President Kurt Waldheim. John Wakeham, leader of the House of Commons, told Parliament yesterday that the Home Office will conduct the
      AP  -  289 words
  • Page 3 Advertisements
    • 63 3 f I 1M \l WM \l% If I \M The business person's choice, every I 1 II m. 11l I uesc^ Thursday, Saturday and I W m\ I 1 m Sunday Leaving Changi Airport a* _1_ 1 JL 22 05 hours and arriving at Lester B Pearson International Airport the
      63 words
    • 226 3 It is a connoisseur's dream come true. An Emperor's banquet in a majestic spread of exotic food that stretches to a few days of feasting Now you can savour a mini versjon right here, any day of the year Our very own team of chefs presents the mini impenal banquet
      226 words
  • Page 3 Miscellaneous
    • 128 3 v Mm/ Not* Mtn (°C) 26/13 Haze 09/05 Cloudy 22/10 Ooar 26/19 Oowdy 37/26 Sunny —/16 Cloudy 16/03 Claar 19/12 Sunny 15/06 Clwr 14/05 Cloudy 20/13 Cloudy 11/02 Roin 23/19 Showsrs 10/03 Cloof 23/19 Roin 24/10 Cl*ar 05-06 Cloudy 20/15 Cloudy 28/18 Claar 09/00 Rain 10/04 Cloudy 31/27 Showsn 11/03
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  • MONEY AND EXCHANGES
    • 664 4 Reuter YEAR-END accounting constraints have so far kept Tokyo's bearish mood in check, but that is likely to change beginning with the start of the new fiscal year yesterday, dealers said. For the last month, Japanese corporations and investors have kept a low
      Reuter  -  664 words
    • 161 4 H rvwjijg SGI 100 troy Opwi ouncas. USS H*h par troy LM Ap» 458 50 460.00 464.00 454.40 3.40 May 457.50 457 50 457JO ***** 3.40 Jun 461.50 463.20 457JO 457.90 3.40 466 30 468.00 462.20 462.30 3.40 Oct 472.30 472.30 467.00 447.10 3.40 Ok 478-00 478.00
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    • 79 4 Reuter CALIFORNIA First Bank, a unit of Bank of Tokyo Ltd. has signed a formal purchase agreement covering its previously announced plan to acquire Union Bank of Los Angeles from Standard Chartered PLC for US$75O million. Last month the two bank holding companies announced a letter
      Reuter  -  79 words
    • 89 4 AFP JAPAN has concluded an agreement with the Philippines to reschedule Manila's foreign debt, government sources said in Tokyo yesterday. Under the agreement. Japan will cut interest rates on loans of US$56O million from 8 to 6 per cent. Japan will also reschedule repayment of
      AFP  -  89 words
    • 165 4 Reuter CURRENCY FUTURES on the IMM closed modestly higher on Thursday but near the bottom of session ranges in thin trading. Prices drifted lower after midday as most traders took to the sidelines before the holiday weekend. The unwinding of long positions exerted mild downward pressure on prices, traders
      Reuter  -  165 words
    • 1459 4 AT CONVENTIONAL WHARVES VmmI KEPPEL WHARVES Berth Arrival Departure Ananas Es Fuji Fengyi Fukuzoki M Huangjinshon Kim Soon li Koto So lam li Heng lotie Scheel Ned Nagasaki Ostfriesland Sin Hock Che Southern Gl Straits Pride Tafito B Seta war Jenson Motovun Saudi Tabuk PASIR PANJANG Gold
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    • 461 4 KUALA LUMPUR: The US dollar closed at 2.5635/45 and the Singapore dollar at 128.20/30 yesterday TOKYO: The US dollar closed easier against major currencies yesterday, despite persistent intervention by the Bank of Japan, due to heavy selling by speculators and foreign banks in anticipation of a further dollar
      461 words
    • 209 4 Reuter A CLASS ACTION suit on behalf of First Republicßank Corps common shareholders has been filed in federal court in Dallas on Wednesday, a lawyer for the plaintiffs said. "The lawsuit is similar to one filed yesterday on behalf of bondholders," William
      Reuter  -  209 words
    • 360 4 Coupon Number Indicative Gross Amount Interest of days of 1 1 redemption Maturity Year rais*d rate million) payment occrued (excluding yield pa) dates Interest accrued Po) interest) 15.7.85/88 1970 •5* 129.85 15/1. 15/7 76 •101.20 •1.59 15.8.88 Loan 2 1973
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  • Page 4 Advertisements
    • 188 4 IB B4NQUE INDOSUEZ 3 Shenton Way, Shenton House, Singapore 0106 (At i. i I c n^ WZ m 'P t Or 9 A, °n on 9 h o u/ BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and
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  • BANKING AND FINANCE
    • 544 5 Reuter SPECULATIVE money that poured into Taiwan last year is trickling out because the local dollar is overvalued. Taipei bankers and economists said. The Taiwan dollar has remained stable against the US dollar for almost a month and is being kept artificially
      Reuter  -  544 words
    • 207 5 Reuter BRIAN OUINN, head of banking supervision at the Bank of England, has been named executive director of the bank replacing Rodney Galpin, who resigned last month to become chairman of Standard Chartered Bank Pic. The announcement was made by the Prime
      Reuter  -  207 words
    • 176 5 Bernama ES THE HONGKONG and Shanghai Banking Corporation has introduced a unique card-operated personal account called "Hexagold". Speaking at a press conference in Kuala Lumour yesterday, Hongkong Bank chief executive officer Richard Orgill said the introduction of Hexagold marks another milestone for the bank and
      Bernama ES  -  176 words
    • 687 5 Corporations playing banks off against one another in pricing Reuter BANKS are changing the way they sell complicated foreign exchange hedging products to corporate customers, say bankers and dealers in London. Complex hedging cocktails involving combinations of foreign currency forwards, futures and options
      Reuter  -  687 words
    • 547 5 Reuter MAJOR industrial nations are expected to seek new measures to help reduce the amount of Third World debt at a series of monetary talks in Washington in midApril, Finance Ministry officials said in Tokyo this week. "Unless we reduce the amount of debt,
      Reuter  -  547 words
    • 128 5 AP THE WORLD BANK approved a US$4OO million loan package on Thursday to financially troubled Argentina and its banks. Funds from the 1&-year low interest loan will be released in two stages. The first half will become available immediately, with the release
      AP  -  128 words
  • COMMODITIES
    • 367 5 Crude palm oil future* closed firmer on short covering and speculative buying interest yesterday, prompted by bullish USDA reports on US soybean stocks and projected acreage, and higher overnight Chicago soyoil futures values, dealers said. But trading activity was restricted ahead of the weekend and due to yesterday's
      367 words
    • 105 5 Reuter TOKYO: Yen-denominated gold futures closed mostly firmer on active individual speculator buying, dealers said. Prices were 18 to 38 yen per gram firmer, except for spot April, which ended with a loss of one yen. Many individual speculators placed fresh buying orders through the day. Prices were
      Reuter  -  105 words
    • 116 5 Reuter THE KUALA LUMPUR tin price gained two cents from Thursday to close at M 517.35 a kg after a brief and quiet trading session yesterday, dealers said. Activity was restricted by operators' reluctance to trade aggresalvely due to the long Eaater holidays In overseas centres. The steadiness
      Reuter  -  116 words
    • 196 5 London Commodity Exchange Buyer/Seller doting prices on March 31 (£/tonne unless spedfled). Previous doting prices in parenthesis. CoffM Basis in-store London, sellers option CIF London Mor deleted (1099/1101) High/Low 1038/1073 May 1103/1104 (1133/1 134) High/Low 1120/1102 Sales (3405) Cocoa Mor deleted (896/903) High/Low 895/887 May 907/908 (915/916) High/Low
      196 words
    • 119 5 SOYBEAN FUTURES on the Chicago Board of Trade on Thursday rallied late on aggressive buying from Refco, C&D and Bunge, ending on or near the highs with gains of 4-1/2 to 2-1/2 cents per bushel in improved dealings. May settled at U556.53 after posting a 6% cent range on
      119 words
    • 130 5 WHEAT FUTURES on the Chicago Board of Trade on Thursday closed 3-1/4 cents to 1/2 cent per bushel lower in very slow trade May settled below the psychological key US$3 00 level at US$2 99 Thursday s CCC wheat auction and expectations that the CCC will continue to sell
      130 words
    • 267 5 Reuter PLATINUM soared to five month highs in London on Thursday, buoyed by keen demand from Japanese investors and users. The metal hit a peak of US$534 an ounce, the highest since Oct 29. and almost US$lO up from Wednesday Japanese demand has grown
      Reuter  -  267 words
    • 117 5 Bangkok Closing pricet on Apr 1 (USS/tonne, FOB) White Rice 100% l«f do*t 350 100% 2nd dots 315 100% 3rd do»s 310 5% 300 '0% 295 '5% 285 20% 283 25% 280 35% 275 Broken Rice A-1 Super 225 A-1 Special 223 CO Special unq C-1 Ord unq
      117 words
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  • PERSPECTIVE
    • 527 6 THE EXPECTED ARRIVAL in Britain, this spring, of Debrett's Distinguished People of Today as a rival to the august Who's Who at first glance seems to be a very Thatcherite affair. In her insistence on the market principle. Mrs Margaret Thatcher has ruffled not only a
      527 words
    • 1125 6 Financial worries are nothing new to Broadway, New York City's leading theatre district. But with large real estate development sweeping across the western half of midtown Manhattan, hundreds of small show business enterprises are facing either large rent increases or eviction. Many have already
      NYT  -  1,125 words
    • 146 6 NAME A WORLD-BEATING Brazilian company. Here s one: Industrias Romi, a company which has its factories in the town of Santa Barbara d'Oeste, 90 miles north of Brazil's main industrial centre, Sao Paulo. Romi became the world's biggest manufacturer of industrial lathes, by number of
      146 words
    • 176 6 The company's big break, though, had come back in 1946, when the current boss, America's son Giordano, went to study engineering design at the Massachusetts Institute of Technology. Mr Romi junior bought a job lot of machine tools that the American government was selling off cheap after the
      176 words
    • 93 6 The Economist Often, such protectionism makes companies grow fast but inefficiently. Romi has tried to avoid this by designing its own version of the computer s program for the machine tools. But, if exports as a percentage of total sales are a good measure of international competitiveness, the
      The Economist  -  93 words
    • 675 6  -  By DAVID RESS Reuter IF YOU CAN'T count it, many economists say it isn't worth looking at. But a growing number argue that while it is hard to come up with the numbers, economists should be looking at such issues as the environment, health
      Reuter  -  675 words
  • Page 6 Advertisements
    • 64 6 SINGAPORE $4 A including World Paper China O vtrMii Legacy A MONTHLY JOURNAL OF BUSINESS TRENDS Aide of three arts festivals The National Museum shows its age Impact of stock market crash Transnational chiefs MNC dream Property: 'Towers of BabeP' revived Investment spotlight: General Lumber and Pedis Plantations APRIL 1988
      64 words
    • 19 6 PLAY GOLF THE SEVVY WAY Tighten-up your game Let Sevvy Ballesteros show vou how 1 In BT every Tuesday.
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  • Page 6 Miscellaneous
    • 762 6 CRYPTIC PUZZLE ACROSS 9 What the skin specialist is paid in? (4. 4) 10 A non-U-sounding drink (3) 11 Figures to be one thousand years afterwards (6) 12 Fear catching cold? Hardly! (6) 13 Rush round to the car, covered by a canvas canopy (7) 14 Van is the star
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  • Executive Lifestyle
    • 266 7 THE TALE we related last week about a law graduate who joined a publishing company but resigned after he was asked to sign a bond, has developed an unusual twist. Early Monday morning. Zephyr received a call from a reader who wanted to know who that
      266 words
    • 925 7  -  With MONICA GWEE THE ONLY REWARD at pretentious parties is the rare chance of meeting an Interesting Person (Ip) who will not talk about domestic help, expound on how boring Singapore is, or point out in detail how useless the national press can be. I found
      925 words
    • 1186 7  -  By CHARLES SAVAGE "YOU DON'T HAVE to go to art school for three years to draw, paint or compose pictures. Without any formal training you can paint a picture in about
      1,186 words
    • Executive Lifestyle: Entertainment & the Arts
      • 461 8  - No slip-ups nor sparkle THEATRE By JAIME LYE DEREK WOODWARD was no Michael Caine, and Stephen Finlay no Christopher Reeve (then again, he might be thankful to hear that), and Cafe Theatre's production of Deathtrap was no gem. For sure, there was enough substance in it last Tuesday to hold
        461 words
    • Executive Lifestyle: Entertainment & Pursuits
      • 630 9  -  FOOD By THE FOOD TEAM THEY SHOULD have more captains at the Lei Garden restaurant in Boulevard Hotel. At least they speak English, take your orders, and do something when you remind them that your food still hasn't arrived. The
        630 words
      • 676 9 MARKETING Reuter COCA-COLA has branched out into fashion in a bid to prevent the world's bestknown brand name from becoming merely a generic term for brown fizzy drinks. Mohan Murjani, 42, an Indian-born marketing and manufacturing whiz, is the brains
        Reuter  -  676 words
      • 780 9  -  HEALTH By RICHARD SEAH LAST WEEK, this column said that adults who tend to sit all day have to learn to walk more. Babies of about a year old have a different lesson to learn how to walk. Left on their own, perhaps with
        780 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • 716 10  -  CINEMA By JAIME LYE SO WHAT did you expect? Michael Douglas playing out Ivan Boesky's life story? Actual tips on how to make money from insider trading? The whole inside job on Wall Street? Well, yes. But only to a certain extent.
        716 words
      • 669 10  -  by Charles Savage "MY METHOD is as simple as getting dressed." she said. Conni then began to show us how. There were 10 of us from the press, assembled classroom style in one of the function rooms at the Hilton Hotel all budding artists about
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      • 1015 11  -  BOOKS By CHUANG PECK MING COMMUNION. By Whitley Strieker. Avon, $14. 306 page*. YOU WOULD PROBABLY think this is a scary novel about space invaders that you can enjoy while snuggled comfortably and safely in bed on a cold night. The opening chapter, especially, encourages
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      • 733 11  -  Compiled by Sakina Dhilawala CINEMA: Stakeout starring Richard Dreyfuss and Emilio Estevez. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15 Batter lea Not Included starring Hume Cronyn and Jessica Tandy. Showing at Jade: 11; 1 30; 4; 6.30; 9. On till Monday. The Laat Emperor starring John Lone, Joan
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      • 394 11  - As you like it YSL, Mori and Gucci FASHION By MONICA GWEE CURVY NEWS is good news and Yves St Laurent has turned his Rive Gauche Spring collection fitting and brassy. Flat, oversized gold buttons splatter day and night outfits, playing against the season's bright colours. Double-breasted jackets in strong
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    • Executive Lifestyle: Sports
      • 881 12  -  TENNIS By WALTON MORAIS AFTER WIPING OUT Malaysian ace Yeoh Kean Wah in three straight sets, Hashim Sidek walked over, signalled to coach Joe Brooke, and waited as the American approached. Then Joe placed both hands on Hashim, one on each shoulder, and
        881 words
      • 228 12 AP WEST GERMANY'S Boris Becker overpowered game but immobile Brad Gilbert of the United States 6-4. 6-2, 6-1 on Thursday night to move into the title match of the US$6BO,OOO WCT finals. Becker will play the winner of the match between
        AP  -  228 words
      • 819 12  -  RACING Oh TMCk with Jerome Fandor RACEGOERS this Easter weekend should not miss Mon Seigneur in Race 7 today. This four-year old bay Australian gelding by Lord Dudley looks set to break the ice in his sixth outing. He has been very consistent,
        819 words
      • 266 12 AP DESPITE MOVES to switch its date and make some of its daunting jumps safer, the English Grand National will be run for the 150 th time today, locked in the tradition and drama that have made it the world's most
        AP  -  266 words
      • 193 12 GOLF AP JEFF SLUMAN birdied nine holes on his way to an 8-un-der-par 64 and a two-shot lead after Thursday's first round of the US$l million Greater Greensboro Open Golf Tournament in North Carolina. Sluman one-putted 10 times and chipped in once as he tied the
        AP  -  193 words
      • 363 12 BOXING NYT RUMOURS ARE MOUNTING that Sugar Ray Leonard will return to the ring before the year is out. Leonard recently denied that he was interested in fighting the World Boxing Council's lightheavyweight champion, Donny Lalonde, but the word is that Leonard's attorney, Mike Trainer,
        NYT  -  363 words
      • 634 12  -  BRIDGE t* MIKE THUMBA During the last few weeks we discussed some unusual hands taken from some international tournaments. From today, we will discuss some basics on bidding but at a higher level, I'll try to be more detailed. Most players including beginners usually have
        634 words
    • Executive Lifestyle: Personal Investment
      • 869 13  - Watch it fallen angels may pull you down BEomnER'sA coRnER^m LAGGARD STOCKS by Ramesh Chandiramani IT IS sometimes said that the worst performer of one year often ends up among the biggest gainers the following year. This is the theory of laggard investing, which is of more than just passing
        869 words
      • 214 13  -  v y<TTT>\ by RC FINANCIAL MARKETS traded at cross-purposes this past week. I A sudden slippage in the value of the yen-dollar exchange rate caused some turbulent trading on the New York Stock Ex- j change, which in turn triggered sell-offs in other world stock markets
        Source: Investamatic  -  214 words
      • 1047 13  -  THAI STOCK EXCHANGE By RAMESH CHANDIRAMANI UNKNOWN to most investors, the best-performing equity market in the Far East, if not the world, during the first quarter of 1988 was not Japan, but Thailand. The kingdom has aroused so much foreign interest in its
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      • 562 13 COLLECTIBLES NYT ASKING IF rare coins are undervalued may seem irrelevant to long-time collectors. Coin prices have risen dramatically in the last 15 years, and today s market levels make those of bygone decades seem almost lilliputian. Still, rare coins are less expensive than a
        NYT  -  562 words
      • 441 13 ART TRADE Sothaby's Research Department THE MAJOR London auction houses did for Scandinavian paintings, for the week March 21-26. what they first did for Viennese art in 1986 Specialist sales devoted to these works were held immediately prior to the general sales of 19th
        Sothaby's Research Department  -  441 words
  • Page 7 Advertisements
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      26 words
    • 221 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 fruit
      221 words

  • Page 8 Advertisements
    • 853 8 4 COURVOISIER XO-Where to eat, drink... EASTER Easter Edition Mar 21 to Apr 3 A wide selection of cakes and chocolate confectionery shaped into bunnies, ducklings, chicks and dolls will be on sale at the Easter Cart in the hotel lobby and Mr Deli s Delicatessen Corner, from 9 am
      853 words
    • 153 8 r"i"Oo f o*n*ni"t"fo^ Delicious Dian Xin w* Feast on delicious Dian Xin specialties from Guangdong and Beijing We have an incredible selection to choose from including Shark's Fin ShiLiu Baa Eight Treasures Glutinous Roll. Steamed Chicken Wing Stuffed with Mushroom and Shark's Fin and much more! CTaTTW Daily from 12
      153 words

  • Page 9 Advertisements
    • 393 9 and entertain 4 d>riU r .4 Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an earty 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
      393 words
    • 178 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET AN(TTHKR IS THE CHOICE ()F MAIN (XX USES. WLVU W For between $26+ and $40+ C PII I y° u can f ro m our appetiser LjKII.I. buffet including seafood, smoked salmon and oysters. Choose from many
      178 words
    • 33 9 PUBLIC RELATIONS FOR YOUR BUSINESS by Frank Jefkins The cost effective, value for money, no-nonsense, down-to-earth way. Available at all good bookshops STP Distributors 2 Jurong Port Road Singapore 2261 Timom Publishing Group
      33 words
  • Page 9 Miscellaneous
    • 1095 9 Saturday BBC M.9 mHz In VMF Band II BAM World News 6.00 The World Today 6.25 A Letter from Northern Ireland 6.30 Through My Window 6.40 Reflections 6.45 Sports Roundup 7.00 World News 7.00 Commentary 7.15 From the Weeklies 7.30 Multitrack 3 6.00 World News 6.09 News about Britain 6.15
      1,095 words

  • Page 10 Miscellaneous
    • 1668 10 SLOTS 10 WATCH Close Encounters and Perfect Partnership Movies Shirley Temple stars as a Victorian waif who makes good in The Little Prlncaaa. This lavish and colourful production sees her haunting hospitals looking for her father who was reportedly killed in action. (Today, 9.30 pm. Channel 12) An American widow
      1,668 words

  • Page 11 Advertisements
    • 308 11 Do you have the stomach for a healthy investment? Most executives are very good about taking care of their investments. Of the financial kind that is. But when it comes to their health, they fall short. Let's face it. When was the last time you really took care of your
      308 words

  • Page 12 Advertisements
    • 340 12 An introduction tO C r^TSr^ BEGINNING TODAY, BT starts a thrice-a-week tennis tips column as a build-up to the Business Times Junior Clinic to be conducted by Australian tennis star Paul McNamee. Once the world s best doubles player, the 33-year-old Australian will hold the clinic for eight to 14-year-olds
      340 words

  • Page 13 Advertisements
    • 28 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
    • 532 13 BOUSTEADCO SINGAPORE LTD ANNOUNCEMENT The Board of Directors are pleased to announce the audited results for the year ended 31 December 1987. I Group Company I Material Factors Affecting Results The turnround achieved by the Group in the first half of 1987 continued into the second half For the year
      532 words

  • REGIONAL MARKETS
    • 273 14 Bernama ES PILECON Engineering Bhd reported a group pre-tax loss of M 5609,000 for calendar 1987 compared to a profit of Ms 2 95 million previously. This was recorded against a 40 per cent fall in group turnover to M 561.98 million from M
      Bernama ES  -  273 words
    • 136 14 Bernama ES PLANTATION-BASED Asiatic Development Bhd registered a 105 per cent rise in group pre-tax profit to MS22 61 million for calendar 1987 from M 511.04 million previously. Group turnover increased 29 per cent to Ms 69 million from M 553.39 million. At company level,
      Bernama ES  -  136 words
    • 162 14 AFP THAILAND s domestic airline merged with its subsidiary Thai Airways International Ltd yesterday after an extended campaign by Premier Prem Tinsulanonda. a Thai Airways International spokesman said "It is time for the subsidiary to take care of its mother company. just as a child takes care
      AFP  -  162 words
    • 198 14 AN AMERICAN pharmaceuticals company has signed an agreement with the Chinese government that officials say could lead to increased US drug sales in China and development of Chinese drugs for world markets Officials of G 0 Searle and Co and representatives of the
      198 words
    • 97 14 UPI UNION CARBIDE Corp on Thursday called on the Indian government to set mutually acceptable rules for each party in the Bhopal gas leak suit to gain access to each other's documents as the case nears trial. The Indian government has accused Union Carbide of "negligence"
      UPI  -  97 words
    • 112 14 UPI A STRIKE against Japan Air Lines by pilots protesting against a reduction in crew levels on high-tech jumbo jets entered a second day yesterday, forcing the airline to cancel scores of international and domestic flights. The walkout by 1,342 members of JAL's crew union is the
      UPI  -  112 words
    • 2566 14 THE KUALA LUMPUR stock market saw quiet and listless trading yesterday with prices fluctuating within a narrow range. With no leads from Singapore. investors and dabblers kept to the sidelines and refrained from buying causing the market to finish mixed. (The Stock Exchange
      2,566 words
    • 185 14 Reuter KOBE STEEL LTD. Nippon Airbrake Co Ltd and three Japanese trading houses will set up a joint venture to develop, produce and market automotive air-bag systems. Kobe Steel said in a statement The new firm. Sensor Technology Co Ltd, will be set up
      Reuter  -  185 words
    • 651 14 Reuter SHARE PRICES on the Tokyo market closed down in robust trade yesterday due to continued profittaking following surges earlier in the week, although prospects for the new fiscal year remained positive, brokers said. "It rose so strongly for three days, this is just some natural selling," said Mr
      Reuter  -  651 words
    • 276 14 AM *1 NT S All Sincara IrxJus Asia Camant Calhay Con* Chang Hwa Bank 2 97 72 SO 79 00 306 00 unch -1 -05 •1 Chang Loong Chia Hain Camant Cfun Hain Flour China Cham China Da* China Elact Wir« 36 00 97 90 20 90 33 20
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    • 160 14 Reuter THE SECURITIES Exchange of Thailand Index edged up 0.93 to 389.83 yesterday on a turnover ot 4,566.851 shares worth 376.56 million baht. AM *1 BAKT Ao Kham Thai Ayudhya invaatmai l*. Bangkok Aground Bangkok Bank 148 ...329 3 -2 Bank Of Ayudhya Charoong Thai Wii A Cab)* Data
      Reuter  -  160 words
    • 132 14 AM #1 WON Chaii Sugar ***** 400 Daatim Ind ***** •500 Oaawoo oorp Daewoo Haav> Datahin Sacuribaa ***** ***** ***** -1000 -600 -500 Dong Ah Pttar Dong Sufi Slock Dongbu Staai ***** ***** ***** 200 -800 -600 Goto Star ***** -500 Ha nil Bank Harul Camant ***** -500 Hankuk
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    • 121 14 Reuter IN ITS SECOND set of interim results. Bond Corp Holdings Ltd said it lifted equity-accounted net profit to AJ111.89 million for the first half ended December 31 from A 543.22 million a year earlier The group on February 16 unveiled a jump
      Reuter  -  121 words
  • Page 14 Advertisements
    • 63 14 The sales division of Business Times is now located at: Times Industrial Building, Level 2, 422 Thomson Road, Singapore 1129. Tel: 255-0011, Fax: 253-2821, Telex: RS ***** BTAD. Contact persons are: Kenneth Teo, ext.257 Joe Heng, ext.237 Iris Lim, ext.23B Chia Ah Leek, ext.24o Azman, ext.24l Jarrod Leong, ext.242 Lista
      63 words

  • WORLD MARKETS
    • 999 15 New York Reuter WALL STREET closed higher on Thurs- day on a late rally sparked by a rebound in computer stocks and strong oil issues, traders said. But the light volume on the last day of the quarter prior to a three-day weekend, suggests that investors
      Reuter  -  999 words
    • 979 15 London Reuter SHARES on the London market pursued their downward movement on Thursday, in thin trading ahead of the long Easter weekend. Sterling's strength weighed on sentiment, affecting the shares of major exporters in particular, brokers noted. Indeed, the pound continued to rise following statements on
      Reuter  -  979 words
    • 1139 15 Selected indices HONGKONG Hongkong Index Friday Closed Thursday 1.669 99 Week ogo 1.639 06 Hang Song Index Friday closed Thursdoy 2.***** Week ogo 2.501 93 All Industrials Friday Closed Thursdoy 2.266 3 Wee* ogo 2.281 0 NEW YORK Dow Jones Thursday 1 988 06 Wednesday 1.***** Week ogo 2.023 87
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    • 112 15 Reuter THE FRENCH bourse tax should be lifted as soon as possible to help Paris in its drive to become continental Europe's leading financial centre. Finance Minister Edouard Balladur said. The 0.3 per cent tax, on all share transactions up to one million
      Reuter  -  112 words
    • 881 15 Troubles for the bank are far from over FT STANDARD Chartered did not, as it turned out. become the first major UK bank in living memory to cut its dividend. But that was not being read in the City as a sign that the
      FT  -  881 words
    • 233 15 FT LOAN LOSSES, provisions for doubtful debts and currency effects pushed Standard Chartered into a pre-tax loss of £274 million last year, compared to a profit of £254 million the year before. After tax and minorities, the loss was £345 million, down from
      FT  -  233 words
    • 173 15 Reuter R H MACY CO raised its offer for Federated Department Stores Inc to US$6.B billion on Thursday, topping a rival bid by Campeau Corp and gaining the edge in Wall Street's eyes for the first time But Federated has left the door
      Reuter  -  173 words
    • 289 15 Reuter REUTERS HOLDINGS PLC. the news and financial information organisation, said on Thursday that the president of its Rich Inc subsidiary, Mr Jerome A Rich, is resigning and will be succeeded by his cousin. Mr Wiley Payne. Chicago-based Rich designs. builds and installs trading room
      Reuter  -  289 words
    • 267 15 Reuter A STOCKBROKERS GUILD which has overseen the Paris bourse for 186 years ever since Napoleon chartered it in 1802 has changed itself into a private. profit-making company. The new firm, Societe des Bourses Francaises (SBF), will have much the same regulatory role as the
      Reuter  -  267 words
  • Page 15 Advertisements
    • 5 15 Stockholm prices were not available
      5 words
    • 377 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PELITA INTERNATIONAL PTE LTD (MEMBERS' VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company. which is being voluntarily wound up, are required on or before the 3rd May 1988 to
      377 words
    • 313 15 OXFORD RESTAURANT (PTE) LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company convened and held at 1 Colombo Court #07-19, Singapore 0617 on 31 March 1988 the following Special I Resolutions were duly passed: 1. That the company be wound up voluntarily pursuant
      313 words

  • 468 16  -  Proposal a response to state's tourism drive By LILIAN ANG AFTER TENDERING for the construction of a theme park in Jurong, the Singapore subsidiary of the UK-based Dominion International group of companies has submitted a Si .2-billion proposal to the Johor
    468 words
  • 250 16 A HIGH-LEVEL advisory committee was appointed by the Ministry of Health last year to advise the government on matters relating to in-Vitro-Ferti I isation (IVF) and assisted reproduction, said Dr Kwa Soon Bee, Permanent Secretary (Health) and director of medical services,
    250 words
  • 81 16 SINGAPORE POOLS is moving house. After 15 years at Colombo Court, it will be operating from new offices at International Plaza from Monday. Today is its last day of operation at Colombo Court. According to a Singapore Pools statement yesterday, Toto, 4-D and Singapore Sweep
    81 words
  • 100 16 Bernama ES TUN ISMAIL ALI former Bank Negara governor and currently chairman of Permodalan Nasional Bhd has been appointed non-executive chairman of Sime Darby Bhd by its board of directors with immediate effect. He takes over from the late Tun Tan Siew Sin. A Sime Darby
    Bernama ES  -  100 words
  • 512 16  -  By MARTIN SOONG RELIGION becomes evil when it is wedded to politics in unholy matrimony, says Sinnathamby Rajaratnam. The Senior Minister (Prime Minister's Office) says the resurgence of wars, terrorism and«violence carried out in the name of religion over the last 20 years
    512 words
  • 28 16 Bernama THE Malaysian government makes comprehensive studies before deciding to privatise its agencies. Parliamentary Secretary to the Prime Minister s Department. Othman Abdul, said yesterday Bernama
    Bernama  -  28 words
  • 334 16 MBT CONSTRUCTION work on the uncompleted portion of the North-South Highway (NSH) is expected to start as early as this August, three months ahead of scheduled. A United Engineers Malaysia (UEM) spokesman said work would begin in August, if there are no
    MBT  -  334 words
  • 179 16 AFP THE PHILIPPINES is unlikely to phase out barter trade with Malaysia by 1991, as was reported in a Manila daily last week, traders in Labuan said yesterday A story in The Globe quoting Philippine officials as saying the programme would be disbanded was misleading,
    AFP  -  179 words
  • 218 16 Reuter AP JAPAN'S Foreign Minister Sosuke Uno said yesterday that US Congress proposals to punish Toshiba and a subsidiary for selling strategic technology to the Soviet Union would violate international trade agreements. Mr Uno said that the proposals failed to take account of
    Reuter; AP  -  218 words
  • 62 16 UPI JAPAN HAS POSTED its lowest yearly population growth since World War 11, climbing by an estimated 590,000 people or .49 per cent to a total of 122.260.000 as of Oct 1, 1987. The government said yesterday that year-by-year population growth rate has been
    UPI  -  62 words
  • 344 16  -  By ZHOU MEI in Taipei THERE ARE OPPORTUNITIES in recently deregulated and liberalised Taiwan. Singaporeans, urged Mr Alan Yeo, chairman of the Trade and Development Board (TDB), should visit Taiwan and see for themselves. Mr Yeo was in Taiwan as the leader of Singapore's
    344 words
  • 149 16 NYT US FEDERAL Reserve chairman Alan Greenspan warned Congress on Thursday against rushing to pass legislation to avert another market crash. Mr Greenspan said analysis was needed and that some problems of last October may be self-correcting. Fed governors had concluded that legislative proposals to
    NYT  -  149 words
  • LATE FILE
    • 34 16 NST FORMER Malaysian trade and industry minister Tengku Razaleigh Hamzah said yesterday that neither he nor his supporters were involved in attempts to topple Kelantan Mentri Besar Datuk Mohamed Yaakob. NST
      NST  -  34 words
    • 48 16 NST FORMER Malaysian premier Tunku Abdul Rahman yesterday called on all parties to uphold and restore democracy in order to resolve the current problems in the country. The Tunku was speaking to reporters after a meeting with the Kelantan Malaysian Islamic Affairs Organisation. NST
      NST  -  48 words
    • 50 16 AFP THE CHINESE-LANGUAGE daily Sin Chew Jit Poh is to resume publication on April 8 after a five-month shutdown. Bernama news agency yesterday quoted the newspaper's editor-in-chief Liew Chin Chuan as saying that it would highlight articles on solidarity and racial harmony. AFP
      AFP  -  50 words
    • 44 16 Reuter US SECRETARY of State George Shultz, trying to win support for a new Middle East peace plan, said yesterday that he would be happy if regional leaders gave even tentative signs of willingness to endorse it. Reuter
      Reuter  -  44 words
    • 48 16 UPI PRESIDENT Ronald Reagan yesterday approved the removal of US$l.l billion in trade benefits to other countries whose products have become competitive with US articles. Of the US$l.l billion, US$945 million is from countries that exceeded the statutory limitations on duty-free treatment. UPI
      UPI  -  48 words
    • 36 16 AFP INDIA will set up 50 small-scale industrial projects in Sri Lanka at a total cost of about US$5 million under an agreement signed in New Delhi yesterday, officials said. AFP
      AFP  -  36 words
    • 40 16 Bernama ES MALAYSIA, which signed a trade accord with China yesterday. expects its exports would be accorded the lower most favoured nation tariff rates, said Trade and Industry Minister Datin Paduka Rafidah Aziz. Bernama ES
      Bernama ES  -  40 words
    • 49 16 AP TWO AMERICAN balloonists have called off their plans to circle the earth non-stop in two weeks or less, saying US$lOO,OOO worth of helium leaked out of one of their balloons. They said on Thursday that they hoped to try again next year. AP
      AP  -  49 words
  • Page 16 Advertisements
    • 117 16 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 will
      117 words
    • 57 16 REMOVAL With effect from 4 APRIL 1988, we will be at: 10 Anson Road #03-13/26 International Plaza Singapore 0207 Telephone No: *****88 Telex No: RS ***** TOTOPL Fax No.: *****23 Payment of Toto, 4-0 and Singapore Sweep Prizes will be made at the new address from the above date. .SWT
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