The Business Times, 16 April 1988
1988-04-16
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The Business Times
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Title Section12 1988-04-16 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, April 16-17, 1988 75 CENTS12 words
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Article272 1988-04-16 1 AP Dow Jones lower WALL STREET stocks were lower over a wide front yesterday, but blue chips were off their lows on selective buying. Stocks fell on Thursday's wider trade deficit report, which knocked the market down sharply, and on a big producer price rise. The DowAP - 272 words
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424 1988-04-16 1 CORRINA LIM - LAUNCHING PLANS AT AN ADVANCED STAGE By CORRINA LIM ELECTRO-MAGNETIC (S) Pte Ltd, a local pioneer in video-tape manufacturing, has received approval for a listing on the main board of the Stock Exchange of Singapore. Launching plans are at an advanced stage and the424 words
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210 1988-04-16 1 THE US dollar stabilised in early trading in New York yesterday, after Thursday's nosedive triggered by an announcement of bigger-than-expected February US trade deficit figures. The greenback opened at 123.65 Japanese yen, up from New York's Thursday's close of 123.60 yen. The210 words
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433 1988-04-16 1 RICHARD SEAH - PM discusses Manila aid plan and value of S'pore By RICHARD SEAH in Washington SUPPORT for a "mini Marshall Plan" aid programme for the Philippines was one major issue raised by Prime Minister Lee Kuan Yew during his visit to Washington over the past five days, Mr Lee disclosed yesterday433 words
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Article, Illustration308 1988-04-16 1 ELAINE KOH - By ELAINE KOH PARADOXES ABOUND. Take the Glass Hotel in Havelock Road, for instance. Currently enjoying a wave of full bookings, it is also fighting off rumours that its closure is imminent. In the past fortnight, the Glass Hotel found itself308 words
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Article, Illustration355 1988-04-16 1 THE INITIAL WORLD-WIDE panic that followed Wall Street's precipitous 101-point plunge on news of a bigger-than-expected US trade deficit appeared to have wore off but market players are taking no chances. Dow Jones-watching will continue to be the game of the day.355 words
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Page 1 Advertisements
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Advertisement333 1988-04-16 1 Nikon Tto MMT* MMM SyMM No quick answer to major problem of US trade deficit, Page 3 Trade deficit data stun Japanese, Page 3 Japan accounts for more than a third of US deficit rise, Page 3 G-7's dollar strategy takes a knock, Page 5 Full market report, Page 14333 words
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Advertisement10 1988-04-16 1 Success of the East, Lh on fro* pros*, Back Pago10 words
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Advertisement142 1988-04-16 1 Nikon rtm WMtra PMMHI amrnm I should have stayed horn*... Page Parmni Titvta Up the garden city path Page 7 Not the Paris-Dakar rally Page 9 An Italian job Page 9 Instant coffee, instant noodles, instant music Page 9 TV programmes for today and tomorrow Page 12 Curtain rises on142 words
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HOME NEWS
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386 1988-04-16 2 GENEVIEVE CUA - By GENEVIEVE CUA NOT ONLY is Singapore already the biggest Winchester disk drive supplier in the world, making 40 per cent more drives this year, it is also enlarging its market base and become less dependent on the US. In a speech yesterday,386 words
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180 1988-04-16 2 A TIE-UP between Singapore's tertiary institutions and disk drive companies is in the offing to develop skills in magnetic technology and product design. Dr Tay Eng Soon, Minister of State for Education, said the Economic Development Board was working on a plan to build a180 words
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316 1988-04-16 2 CHANGI AIRPORT continues to see a healthy growth in the volume of air cargo it handles. In the first quarter of this year, 118.150 tonnes of air cargo passed through Changi, up 24 per cent over the same period last year.316 words
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193 1988-04-16 2 AT HIGH NOON today, a $1.4 million pyre of pirated cassettes, cartridges, records and recording equipment will be set ablaze at Kim Chuan Road. The flames will engulf more than 228.000 cassettes. 36 cartridges. 19 records, and 36 cassette decks It will193 words
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Article54 1988-04-16 2 IN OUR March 24 report titled "Monotype Buys Spicers' Divisions", we said that the parent company of Monotype Corporation (SEA) was jointly owned by Barclays Bank Ltd and the National Enterprise Board of the UK. Their stakes were actually divested in 1983 and Monotype Corporation has been54 words
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109 1988-04-16 2 PROFESSOR Lim Chong Yah, head of the Department of Economics and Statistics at the National University of Singapore, was re-elected president of the Economic Society of Singapore. At the society's annual general meeting last month. Professor Lee Soo Ann, Dr Teh Kok Peng and Ung109 words
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Article, Illustration190 1988-04-16 2 FOR THE first time, the Singapore Tourist Promotion Board and the Singapore Airlines are sending a food envoy to the US to promote Singapore as a food paradise. Leading Singapore food expert Violet Oon will leave on a three-week media promotional blitz190 words
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517 1988-04-16 2 THE "WAR" for a bigger slice of the housing loan market appears to be gaining momentum, with the United Overseas Bank group firing the latest salvo. The group is cutting its interest rates to offer the lowest interest rates517 words
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Article1103 1988-04-16 2 AT CONVENTIONAL WHARVES VhmI Berth Arrival Departure KEPPEL WHARVES Artur Grotter •C16 alongside 17 04/0600 Fro nee j Boy •C27 alongside 16 04-0700 Kim Soon li •C23 alongside 1604*0700 •Co Heng •CI9 alongside 1904 2300 Koto M0|U •CM alongside 17 04 1830 Koto Mt/lio •C3I alongside 1704,15001,103 words
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Page 2 Advertisements
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Advertisement89 1988-04-16 2 r ■p- From the Board of Directors, Management and Staff of Dynamar Computer Systems (Pte) Ltd. All of us at Dynamar thank all our friends and well-wishers, including principals, customers, business and other associates, for their kind wishes and support during our recent 10th anniversary celebration. It means a lot89 words
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Page 2 Miscellaneous
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Miscellaneous176 1988-04-16 2 Max/ Note Mln (°C) 21/14 Showers 12/00 Clear 21/10 Cloudy 30/22 Cloudy 34/26 Cloudy 30/24 Cloudy 27/11 Cloudy 23/16 Sunny 11/06 Cloudy unav 25/16 Cloudy 13/02 Foir 26/17 Fine 12/00 Clear unav 27/14 Clear 17/00 Clear 24/05 Cloudy 29/17 Clear 23/00 Cloudy 08-02 Clear 33/23 Fine 13/06 Cloudy 10-02 Clear176 words
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OVERSEAS
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263 1988-04-16 3 AFP JAPAN SAYS its domestic demand needs to grow at an annual rate of 4.25 per cent over the next five years to reduce its current account surplus to acceptable levels and improve Japanese living standards. The New Economic Plan for 1988 to 1992,AFP - 263 words
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204 1988-04-16 3 AFP A HIGH-LEVEL Soviet delegation visiting Fiji has expressed interest in business joint ventures and in the area of fisheries, government sources said yesterday. The fact-finding mission led by V Golanov, deputy head of the Soviet Department of Economic Relations in Moscow,AFP - 204 words
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Article, Illustration459 1988-04-16 3 Reuter AN UNEXPECTED RISE in the US trade deficit has left world financial markets in a state of gloom and shown there is no quick solution to this major economic worry. News that the deficit had climbed to US$l3.B billionReuter - 459 words
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Article330 1988-04-16 3 IHT THE ANNOUNCEMENT on Thursday of the significant widening in the US trade deficit in February was received in Tokyo as a stunning reversal for the Japanese, who believed they had begun to witness a steady reduction in their enormous trading surplus with the US.IHT - 330 words
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237 1988-04-16 3 AFP JAPAN'S trade surplus with the US grew by more than US$5OO million to US$4.5 billion in February, the US Commerce Department reported on Thursday. At the same time, the deficit with Asia's newly industrialising countries (NICs) South Korea.AFP - 237 words
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Article872 1988-04-16 3 ARRIVALS Operator Service Local From number time SIA SQ417 0845 DXB/KHI MAS MH65I 0910 PEN MAS MH607 0920 KUL AC AC888 0925 YYZ/LHR/BOM SU SQ103 0950 KUL CAL CI806 1000 CGK CPA CX710 1015 CGK GU GA960 1100 CGK SIA SQI 05 1105 KUL RBA ***** 1130872 words
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Article203 1988-04-16 3 AP OIL PRICES ROSE to new 1988 highs on Thursday in nervous trading that brokers attributed to the American stock market drop and rumours about the scope of Opec's meeting later this month with non-cartel exporters. On the New York Mercantile Exchange, the May-delivery priceAP - 203 words
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92 1988-04-16 3 AFP TALKS between Opec and nonOpec oil producers scheduled for April 23 have been postponed until April 26. The meeting between Opec's pricing committee and several non-Opec countries will be followed by a full ministerial conference of the 13 Opec member states on AprilAFP - 92 words
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231 1988-04-16 3 AP A SENIOR Taipei government official said on Thursday that the Taiwan dollar should stabilise at the current level and any further appreciation will hurt the economy of this export-driven island. Economics Minister Lee Tahai said Taiwan's trade surplus has declined significantly in recentAP - 231 words
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175 1988-04-16 3 UPI UP TO 954 million litres of fuel have leaked into the ground under the Chevron oil refinery in El Segundo in what may be the largest ground water contamination case in Californian history. The Los Angeles Times said on Thursday the estimated contaminationUPI - 175 words
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301 1988-04-16 3 AFP ASIAN NATIONS welcomed the signing on Thursday of the Afghan accord in Geneva. Japan said it would enhance the stability of EastWest relations and regional peace and India hailed it as an historic event. Japanese Foreign Minister Sosuke Uno praised the PakistaniAFP - 301 words
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Article, Illustration388 1988-04-16 3 AFP ECONOMIC SANCTIONS against Panama will not resolve that country's continuing crisis, visiting Costa Rican President Oscar Arias Sanchez said in Washington on Thursday. "Economic sanctions are a penalty to the Panamanian people, but I don't think you'll solve the conflict through those means,"AFP - 388 words
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159 1988-04-16 3 UPI THE US Senate, pressing to wrap up work on a US$l.l trillion budget proposal, refused on Thursday to rearrange spending priorities by taking money away from scientific research and transferring it to health care programmes. Lawmakers voted 57-38 to set aside the US$5OUPI - 159 words
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Page 3 Advertisements
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Advertisement57 1988-04-16 3 Jg |j\ Ifl If The business person's choice, every I I I\ I II I Tuesday, Thursdoy, Saturday and I M MM m\ I 1 m Sunday. Leaving Chongi Airport at JL 22 05 hours and arriving at Lester B. R»rson International Airport the following day Call your Travel Agent57 words
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Advertisement43 1988-04-16 3 4 .kJ i t o The famed brasserie Lipp is now at La Brasserie Georges Starring Chef Juliard from Paris For a limited season only from 15-30 April! Reservations: Lunch and Dinner *****55 Ext a 365 100 Orchard Road Singapore 0923 Tel: *****5543 words
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Page 3 Miscellaneous
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Miscellaneous8 1988-04-16 3 50UHAT UJIU, you DO NOW, PAPERWORK StHORZ PARTNER.8 words
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MONEY AND EXCHANGES
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Article389 1988-04-16 4 EURODOLLAR futures opened at around Chicago closing level on Simex yesterday as the US dollar was steady from central banks' intervention. The June contract slipped from the opening of 92.65 to the day's low of 92.59. Currency futures eased from opening after the overnight run-up due to the larger389 words
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Article380 1988-04-16 4 Reuter MOST IMM currency futures finished a hectic, choppy session sharply higher on Thursday. The surprising jump in the US February trade deficit to U5513.83 billion spurred initial shortcovering and buying from all market segments that catapulted futures to huge gains. Prices opened with small gains after the G-7Reuter - 380 words
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Article1203 1988-04-16 4 Reuter SINGAPORE: The US dollar closed slightly firmer yesterday against major currencies except sterling, but its gains were pared in thin late trading, dealers said. It ended at 123.90/124.00 yen against an early high of 124.05/15 and compared with New York's 123.50/60 close. They said the dollar openedReuter - 1,203 words
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Article243 1988-04-16 4 Asian market Reuter ASIAN DOLLAR deposit rates yesterday closed little changed from opening levels. Most operators were sidelined in the afternoon session awaiting the release of US March producer price index. Short-dates and term rates were steady to slightly firmer at the outset due to a marginal rise in USReuter - 243 words
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Article, Illustration77 1988-04-16 4 THE OVERNIGHT rate on the Singapore interbank market closed X point lower yesterday to end at 3V> One and two months rose 1/16 point each, three month was unchanged Indicates the average of the prime lending rates of 12 major banks in S'pore f S$ Interbank >V rates77 words
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Article180 1988-04-16 4 Interbank market rates (offer/bid) on April 15 7 do 1 m# 3 6 mlti 12 us$ r» 6 15/16 13/16 7 6 7/8 1/1 7 7 1/4 1/8 7 11/16 9/16 i/i 8 8 1/16 7 15/16 8 1/4— 1/8 8 1/2 3/8 8 15/16 13/16 DM180 words
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Article86 1988-04-16 4 f Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****F 14.7.88 3.05 3.00 305 3.01 6 months BY*****H 22.9.88 3.13 3.08 3-10 3.10 1 year BY*****Z 23.3.89 3.18 3.13 320 3.16 Government notes and bonds Period Issue Maturity Coupon Yesterday's86 words
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Article1616 1988-04-16 4 CURRENCY FUTURES OPTIONS Fridoy, April 15, 1988 DEUTSCHE MARK (SIMEX) May 88 call Htgfi Low a San 1 High Jay 88 putt Law Saw 54 CAS SS CAS M CAS 57 3181 343 2 58 2371 242 5A 3 59 1488 153 15A 13 60 78 78 78 381,616 words
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Page 4 Advertisements
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Advertisement121 1988-04-16 4 G K GOH RESEARCH PTE LTD (a subsidiary of G K Goh (Stockbrokers) Pte Ltd) invites applications for the post of INVESTMENT ANALYST The person we are looking for should be fluent in the understanding of accounts and have an exceptional command o both spoken and written English, Relevant qualifications121 words
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Advertisement10 1988-04-16 4 IB B4NQUE indosuez 3 Shenton Way, Shenton House, Singapore 010610 words
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BANKING AND FINANCE
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336 1988-04-16 5 Bernama ES MALAYSIA supports the International Monetary Fund's proposal for a new emergency loan fund for debtor nations but it must have flexibility in its implementation. Finance Minister Datuk Paduka Daim Zainuddin said in Washington yesterday. In his capacity as the governor ofBernama ES - 336 words
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Article122 1988-04-16 5 AFP BANK NEGARA's gold and foreign exchange reserves fell by M 5806.3 million (U*****.4 million) to M 517.86 billion (US$7.l4 billion) at the end of March, a statement released in Kuala Lumpur on Thursday showed. The central bank said the drop reflected the government's repaymentAFP - 122 words
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Article290 1988-04-16 5 NYT THE Manufacturers Hanover Corp has reported record quarterly earnings of U*****.3 million, up 73.2 per cent from the •first quarter of 1987. Strong earnings gains were also reported on Thursday by the Chemical New York Corp, America's fourth-largest banking company, and the SecurityNYT - 290 words
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206 1988-04-16 5 LEONG WEN WAH - By LEONG WEN WAH AFTER ceasing operation in December 1984, the local leasing arm of the Bank of America has gone into voluntary liquidation A special resolution to wind up BA Leasing (Singapore) Pte Ltd was passed on March 31 at an extraordinary general206 words
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Article47 1988-04-16 5 AFP THE WORLD BANK said on Thursday it had agreed on a US$l5O million loan to Indonesia to help the country finance infrastructure projects in the Jabotabek metropolitan region. Total cost of the project is U*****.9 million. The loan runs for 20 years. AFPAFP - 47 words
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444 1988-04-16 5 Reuter THE ROUT in world financial markets after poor US February trade figures has cruelly exposed the limitations of the Group of Seven's strategy for propping up the dollar Although central banks promptly intervened heavily to defend the dollar, subsequent comments byReuter - 444 words
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358 1988-04-16 5 AP US TREASURY Secretary James Baker warned the Third World on Thursday against what he called "the siren song of debt forgiveness". In Greek mythology, the sirens lured sailors to shipwreck with their singing. Mr Baker opposed proposals for an overall reductionAP - 358 words
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Article71 1988-04-16 5 THE Singapore offshore branch of Toronto-Dominion Bank, which was established in July 1973, was closed down recently. Toronto* Dominion gave up its banking licence, said the Singapore government gazette yesterday. Toronto-Dominion is one of the big five banks in Canada. The Canadian bank retrenched more than 1071 words
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Article33 1988-04-16 5 AFP DAI-ICHI Kangyo Bank, the world's biggest bank in terms of assets, decided on Thursday to proceed with a domestic convertible bond issue for 100 billion yen (US$793 million) next month.AFP - 33 words
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COMMODITIES
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Article240 1988-04-16 5 Reuter HONGKONG: Gold closed unchanged near its day's high in fairly active trading yesterday. Bullion settled at U*****.50/454.00 an ounce, unchanged from New York's close and compared with the U*****.50/453.00 local open. On the local market gold closed HK$56 higher at HK54,228 a tael. The Krugerrand rose HK$55Reuter - 240 words
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Article239 1988-04-16 5 Chinese Produce Exchange Sellers' noon doting prices on April 15 (SS/100 kg) Coconut oil Bulk FOB 103.00 Old drum FOB 117.00 New drum FOB 113.00 Copra Mixed (loose) 59 sellers Pepper Muntok white FOB NIW 1127.50 Sarawak white FOB faq NIW 1112.50 Sarawak special block FOB NIW 752.50239 words
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Article321 1988-04-16 5 London Commodity Exchange Buyer/Seller dosing prices on April 14 (£/tonne unless specified). Previous closing prices in porentbesis. Coffee Bosis in-store London, sellers option C1F London May 1108/1109 (1118/1119) High/low 1126/1107 Jul 1129/1130 (1 140/1 141) High/Low 1147/1129 Soles (2798) Cocoa Moy 888/889 (892/893) High/Low 900/885 X 904/905 (904/905)321 words
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Article235 1988-04-16 5 Reuter SINGAPORE The rubber market closed quietly steady yesterday with May 1 RSS buyers quoted at 239.50 cents/kilo, up 0.50 cent from Thursday. Dealers said no Inro activity was reported yesterday. MALAYSIA The rubber market yesterday closed higher on continued reserve of sellers ahead of the weekend. Trading wasReuter - 235 words
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Article240 1988-04-16 5 R AS prices In S cents/kg. FOB in bale* NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 240.00 241.00N 240.50 241.50N lot 1 RSS Moy 88 239.00 240.00N 239.50 240.50 Int 1 RSS Jun« 241.50 242.50 242.00 243.00 lot 2 RSS OP 238.00 240.00N 238.50240 words
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Article94 1988-04-16 5 (cents/kg) MAY 1988 JUNE 1988 (current month) (forward month) RAS NOON NOON Buyers Sellers Ivytn Seller* SSR 20 233 50 235.50N 233.50 235.SON SSR 50 ***** 234O0N ***** 234 OON MRELB Buyers Setters Buyers Setters SMR CV 379 00 381.00N 380 00 382 OON SMS I 388.0094 words
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Article193 1988-04-16 5 Reuter THE Kuala Lumpur tin market yesterday andad three cant* lower at M 517.40 a kg from Thursday in cautious and quiat trading ahead of the weekend, daalars said. Daspita starling's firmnass against the ringgit, buyers did not trade aggressively as tha local prica is still holding aReuter - 193 words
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Article92 1988-04-16 5 m' CRUDE has not outrun its upward potential yet and continues to boost product prices in its wake. Closing prices for crude (FOB origin) US$/borr»l Change Topis (Apr) I6.9S undt Mjnas (Apr) 16.10 unch Ouboi (May) IS. 10 0.15 West Texas Intermediate, WTt (Moy)* 18.33 0.23 New92 words
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Article431 1988-04-16 5 Bernama ES Reuter Crude palm oil futures closed lower in slightly easier trading on the KLCE yesterday. Dealers said a Porla report on the higher CPO production in March weakened market sentiment yesterday. Malaysia's production of crude palm oil in March is estimated to have risen 24.1 perBernama ES; Reuter - 431 words
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Article170 1988-04-16 5 Reuter SOYBEAN FUTURES rallied late on Thursday on the Chicago Board of Trade in a sharp reversal which saw prices close higher on the day. After trading sharply lower most of the session, prices closed 1-3/4 to 5-1/4 cent higher with May up two cents at U556.77-1/2 a bushelReuter - 170 words
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Article174 1988-04-16 5 Reuter WHEAT FUTURES closed 3/4 to two cents lower on Thursday on the Chicago Board of Trade, off session lows, with May down 1-3/4 cents at US$3.l6-1/2. Prices recovered slightly from their lows on light commercial buying, but the recovery was modest compared with the late surge in soybeanReuter - 174 words
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PERSPECTIVE
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Article552 1988-04-16 6 J MOST PEOPLE GO through a bad patch at some point in their lives. This is something that cannot be helped. Some people go through such a bad patch that they wish they were dead. This is an entirely human reaction. A few transform552 words
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Article, Illustration818 1988-04-16 6 STEPHEN FIDLER - Last October's stock market crisis focused concern on the urgent need for better clearing and settlement arrangements. STEPHEN FIDLER examines the pitfalls of existing settlement systems. STEPHEN FIDLER FT IN THE SCRAMBLE for a stake in the world's rapidly growing securities markets, the bread-and-butterFT - 818 words
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Article, Illustration359 1988-04-16 6 Alec Koh - Letters to the Editor Alec Koh Chairman Singapore Aircargo Agents Association Dear Sir, I refer to your front page report of April 8, "Singapore freight forwarders face shortage of air cargo space". The Executive Council of SAAA is concerned over some359 words
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322 1988-04-16 6 Patricia Wee - Patricia Wee for Director-general of Civil Aviation Dear Sir We refer to the front page report "Singapore freight forwarders face shortage of air cargo space" in BT, April 8. It is true that there was some backlog of air cargo bound for Europe due to322 words
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186 1988-04-16 6 Dear Sir My fellow certified public accountants and myself are indeed pleased that you believe the recent SSA move to introduce a recommended scale of fees is a commendable one (BT Editorial April 13). It is surprising, even to ourselves, why we186 words
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329 1988-04-16 6 Warren Khoo - Warren Khoo Chairman Working Party on the Proposed International Arbitration Centre Dear Sir I refer to the report which appeared in BT, March 31, 1988. concerning the High Court's ruling on the right of foreign lawyers to appear in arbitrations held in329 words
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Page 6 Advertisements
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Advertisement53 1988-04-16 6 SINGAPORE China's h O'WMil L*«Kr f A MONTHLY JOURNAL OF BUSINESS TRENDS A tde of three oris festivals The National Museum shows its age Impact of stock maHtet crash Transnational chiefs MNC dream Property: "Towers of Babel" Investment spotlight: General Lumber and Pedis Plantations NOW AT NEWSSTANDS BT shows you53 words
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Advertisement44 1988-04-16 6 BT welcomes letters from reeders. Your letters mutt Include your signature, full nam*, address, and home and offlca talaphona numbers, If any. You may add a pseudonymn, If you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923.44 words
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Page 6 Miscellaneous
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Miscellaneous767 1988-04-16 6 CRYPTIC PUZZLE ACROSS 9 Why the tracker dogs couldn't find the iceman? (4, 5) 10 The girl Tino's mad about is not here permanently (2, 1, 5) 12 Sound the time: lunchtime (4) 13 Misinformed one about the street being in the index (6) 14 Drink in the air! (7)767 words
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Executive Lifestyle
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Article255 1988-04-16 7 KITZ, a made-in-Singapore all-purpose fluid. Is advertised In Pioneer magazine as a product that "decarbonises rifles, repels mosquitoes, removes camouflage and leeches, disinfects tins, deodorizes feet." Why do we bother trying to export printed circuit boards and such items when we can sell Kitz? I "AHA,255 words
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Article, Illustration615 1988-04-16 7 TAN KEE WEE - With TAN KEE WEE THE YOUNG UNEMPLOYED are a disadvantaged lot. Not only are they naive and idealistic, money is not in their hands either. Time, however, is. It is excess, one is taught, which may lead to mischief Recently, the papers reported the case615 words
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Article, Illustration1885 1988-04-16 7 JAIME LYE; MONICA GWEE - By JAIME LYE and MONICA GWEE YOU VE had it. You've been chasing the sun for the past three weekends and no one has told you that it takes Saturdays and Sundays off. You re depressed. The boss1,885 words
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Executive Lifestyle: Enetertainment & Pursuits
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Article, Illustration565 1988-04-16 9 CHARLES SAVAGE - MOTORING By CHARLES SAVAGE WAKING UP for work is hard enough for most of us, but tomorrow, about two hundred racing enthusiasts will defy nature and rudely rise before the sun does They will all be heading for the Kampong Übi Testing Centre to565 words
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502 1988-04-16 9 For the pooch who has it all a grand way to go PETS UPI WHEN YOUR beloved dog Rover, furry rabbit or prized pet bird or fish suddenly dies, who do you call? In Japan, starting next month, you can call Jippo. Dressed in shocking pink jump suits and drivingUPI - 502 words
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Article, Illustration267 1988-04-16 9 NIGHT EAR - Doing what comes naturally with a little help from the chip NIGHTSPOTS By NIGHT EAR BLACKS have built-in rhythm. Orientals take number theorems with their tea Italians could seduce a tin can. Filipinos? OK, altogether now: "They're naturally talented musicians." Like Carding's Angels, a latter-day one-man-band with three pretty ladies267 words
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Article, Illustration424 1988-04-16 9 FOOD By THE FOOD TEAM MARINA MANDARINS Ristorante Bologna crowned the celebration of its first anniversary last week with a dinner prepared by chef Giovanni designed to render us too full to move; so we simply sat like anchored barges awaiting the arrival424 words
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Executive Lifestyle: Sports
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Article, Illustration568 1988-04-16 10 WALTON MORAIS - TENNIS By WALTON MORAIS DOWN AT centre court, workmen were putting the final touches to the spectator stands, including draping the corporate boxes with burgundy sheets in the colours of sponsors DHL. In an adjacent court, three British girls sparred in the midday sun, getting568 words
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354 1988-04-16 10 Reuter JIMMY CONNORS and Chris Evert were among 2.500 athletes listed by the United Nations on Thursday as having competed in South Africa contrary to an international convention against apartheid in sports. The convention, adopted by the UN General Assembly on DecReuter - 354 words
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254 1988-04-16 10 SNOOKER AFP WILL IT BE Steve Davis or Stephen Hendry? Can the "Young Pretender" from Scotland dethrone the King of the World That is the main question snooker fans are asking before the final stages of the 1988 World Professional Championship, whichAFP - 254 words
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Article, Illustration736 1988-04-16 10 Jerome Fandor - on met with Jerome Fandor UPPER CUT is set to equal Star Prince s record of six wins in a row tomorrow in the Class 2 Division A 1600 m event. Upper Cut is unbeaten in five starts736 words
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Article, Illustration263 1988-04-16 10 GOLF AFP AUSTRALIA'S Greg Norman and American Paul Azinger shot six-under-par 65s to share a onestroke lead after the first round of the US$7OO,OOO Heritage Classic in South Carolina on Thursday. Masters champion Sandy Lyle of Scotland birdied his last two holes for a one-under-parAFP - 263 words
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Article752 1988-04-16 10 MIKE THUMBA - BRIDGE by MIKE THUMBA The one notrump opening: a new refinement Although several systems such as the standard American, Acol, Precision and the other varieties continue to flourish, yet there has been continuous refinement in each of the systems. These refinements have added superiority752 words
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Executive Lifestyle: Personal Investment
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Article, Illustration535 1988-04-16 11 PATRICIA M SCHERSCHEL - By PATRICIA M SCHERSCHEL Financial Editor CHINESE PAINTINGS and antique furniture do not command the astronomical prices virtually guaranteed to sellers of Impressionist paintings, Louis IV chairs, or Georgian silver at least not yet. But the results of an auction held in New York last535 words
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818 1988-04-16 11 WALL STREET NYT PROFESSIONAL investors have so little conviction about the direction of the dollar, stocks or bonds that they are almost at a standstill. They are reluctant to buy stocks, but they are also reluctant to sell them. It is this lack of liquidity thatNYT - 818 words
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Article637 1988-04-16 11 BEGINNER'S CORNER WITHIN the next two months, Sesdaq, Singapore s over-the-counter securities market, will introduce a new order book system to replace the current quote-driven trading system BT Beginner s Corner column answers investors questions about the change. Q What's wrong with the old637 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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725 1988-04-16 12 JAIME LYE - TELEVISION By JAIME LYE THE BRAIN SEES; the brain registers; the brain spits out. The brain also suffers severe motion sickness following a certain compere s eyes which blink uncontrollably like a TV's vertical hold control gone haywire. Welcome to Brainstorm, SBC's graphically725 words
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Article, Illustration325 1988-04-16 12 GIFTS WHOEVER SAID THAT diamonds are a girl's best friend forgot to mention that guys like them as well. The "Gift Of Love" collection goes on sale today, featuring 20 simple yet classic designs that bear testimony to this. The designs are meant for325 words
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659 1988-04-16 13 MEN THE OLD ADAGE that men never cry and should never show their emotions may have spawned generations of repressed individuals capable of explosive show of emotions when things go sour on them. Last week, we documented some expressions of659 words
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141 1988-04-16 13 SHORTTAKES SOVIET AUTHORITIES have seized videotapes of Rambo and James Bond movies from foreigners entering the Soviet Union, plus pamphlets and books deemed subversive, Tass reported on Thursday. The official news agency did not say exactly when or over what time period the seizures141 words
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Article1084 1988-04-16 13 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Stakeout starring Richard Dreyfuss and Emilio Estevez. Showing at Cathay: 11; 1.30, 4, 6.30; 9.15. The Last Emperor starring John Lone, Joan Chen and Peter O'Toole. Showing at Lido and Liberty: 11; 2.15; 5.30; 8.45. Moonstruck starring Cher, Olympia Dukakis. Showing at Orchard: 11;1,084 words
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Article1011 1988-04-16 13 CHARLES SAVAGE - ART By CHARLES SAVAGE AS USUAL, the judges at the second IBM Art Award said, "the subject matter was always polite". "Even the wise guys who tried to produce a winner by using their wits alone did not try to shock us morally, reflecting1,011 words
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Article, Illustration751 1988-04-16 13 Charles Savage - FILMS by Charles Savage "FOR CHILDREN, you have to i_ write as you do for grown-ups. p only better German filmmaker Maxim Gorki couldn't have said it betL ter. After an absence of more than 20 years, movies for chilj dren are making a751 words
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Article, Illustration483 1988-04-16 13 MONICA GWEE - FASHION By MONICA GWEE THIS IS THE FACE of the competition. Exaggerated Oriental looks, fishnet lures, sharp evening statements and elaborate detailing will all unfold in a fashion smorgasbord featuring the creations of prominent Hongkong designers. The Hongkong Trade Development Council and Cathay Pacific483 words
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Page 7 Advertisements
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Advertisement24 1988-04-16 7 FOR THE CARD THAT OFFERS YOU FREE TRAVEL INSURANCE OF US$5O,OOO, CALL 532 3577 CHASE Hb* Mr. i *8 KhSkti. CHt'fc CHASE CLASSIC VISA24 words
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Advertisement221 1988-04-16 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 fruit221 words
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Page 8 Advertisements
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Advertisement925 1988-04-16 8 COURVOISIERXO-Where to eat, drink... DEUCIOZO HYATT Mama Mia! Pete's Place introauces more exciting gastronomic treats tor all lovers ot Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups ana help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A925 words
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Advertisement147 1988-04-16 8 7 mfi. A jeast fit for Greek Gods It s the most inviting spread of ex<>t ic Greek favourites this side of Athens. With Midya Dolmasi (mussels). Shish Kebab, Oktapothi Krasato (cuttlefish in red wine), Galato Boureko (custard pie). Baklava and more! Even if it 's all Greek, at $31147 words
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Page 9 Advertisements
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Advertisement566 1988-04-16 9 and entertain ir A *9 f n Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit566 words
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Page 10 Advertisements
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Advertisement533 1988-04-16 10 An introduction tO C IT/S> rr^ HOW TO PRACTISE 1. Shadow drills Swing the racquet for drives and serves. Repeat strokes with the cover on the racquet this develops strength. Look at the actions in a mirror, window or the sun's shadow. 2. Against a wall, backboard or rebound Start533 words
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Page 11 Advertisements
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Advertisement44 1988-04-16 11 SOTHEBY'S FOUNDED 1744 The Andy Warhol Collection 23rd April to 3rd May 1988 New York Andy Warhol by David Hockney For Enquiries Contact SOTHEBY'S Singapore Branch 581 Orchard Road #02-15, Hilton Hotel, Singapore 0923. Telex: RS ***** HPPL Fax: (65) 737-0295 Telephone: (65) 732-823944 words
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Page 12 Miscellaneous
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Miscellaneous1716 1988-04-16 12 SLOTS TO WATCH Grant, Connery, and A Passage to India Movies Special Delivery features Bo Svenson in a diverting comedy-action caper which sees a group of Vietnam veterans led by Svenson robbing a bank. When only Svenson escapes, he has to contend with a nutty artist (Cybill Shepherd) and a1,716 words
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Miscellaneous1034 1988-04-16 12 Saturday Q 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 8.00 World News 8.09 News about Britain 8.151,034 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4806 1988-04-16 14 THE SINGAPORE market took a nasty knock yesterday following Wall Street s overnight 101-point plunge. After a morning scare the local bourse was down 11 points in the first half hour of trading the descent slowed down considerably when investors realised that it4,806 words
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Page 14 Advertisements
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Advertisement12 1988-04-16 14 [Business done on the SES, Page 15; Unit trusts table, Page 1512 words
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COMPANY NEWS
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434 1988-04-16 15 LEE HAN SHIH - By LEE HAN SHIH JOESPH LAU, Hongkong's most feared corporate raider, is again up to his favourite trick for the second time in a week, he is tapping the colony's capital market, to raise a total of HKSI.74 billion. His actions have434 words
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178 1988-04-16 15 SINGAPORE FODDER COMPANY Ltd's group loss after tax widened from $500,000 to $652,000 last year. This was made against a 43.6 cent fall in turnover to $5.02 million last year as against $8.90 million in the previous year. In the unaudited results of178 words
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101 1988-04-16 15 TRADING in Metalock shares will commence on Monday. Metalock is the eighth company to be admitted to the official list of Sesdaq. Of the 24 million 25-cent par-valued shares, some 15.74 million units, belonging to certain shareholders of the company, are not available101 words
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Article137 1988-04-16 15 NEWLY-RELISTED Hong Fok has been asked by the Stock Exchange of Singapore to provide more details following the announcement of its unaudited results for 1987. The SES wants to know what were the main factors contributing to the group's pre-tax loss of $15,658 million and137 words
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146 1988-04-16 15 Bernama ES MCB HOLDINGS Bhd has entered into an agreement with TAS Industries Sdn Bhd to acquire a 13.33 per cent stake in Dayapi Industries (M) Bhd for M 54.99 million. MCB said in a statement yesterday that it would acquire theBernama ES - 146 words
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Article3675 1988-04-16 15 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "SETT".3,675 words
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Article305 1988-04-16 15 Monagers' prices for April 1 6 1 8 Japan Gr Fund Shenton Thrift Fund 161 080 1 66* 080 Singapore Unit Trust THe Commerce 093 099 The Sovings fund 0 7V 086* S'pore Prog fund 0 38 042 S pore Sec Fund 0 63 0 68 S pore305 words
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431 1988-04-16 15 ELAINE KOH - By ELAINE KOH YEO HIAP SENG, the local softdrinks and food manufacturer, has strengthened its interests in Canada, where it has set up a new Cs3 million subsidiary. The subsidiary. YHS Pacific Fruit Concentrates Ltd. owns an existing factory in the British431 words
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Article, Illustration676 1988-04-16 15 CORRINA LIM - Company's public offer on Sesdaq well received so far By CORRINA LIM IT TOOK David Teo six months of intense negotiations before he convinced the Japanese to share their know-how with him. That was in 1981. Today, Mr Teo is676 words
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126 1988-04-16 15 Bernama ES AMALGAMATED Industrial Steel Bhd reported a higher unaudited group pre-tax profit of M 56.87 million for the half year ended Dec 31, 1987, up 173.4 per cent from M 52.51 million previously. It said in a statement that the group turnover increased MBernama ES - 126 words
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Article, Illustration364 1988-04-16 15 AFTER 112 years, one of the most famous hotels in the world has finally decided to go public. Barring last minute changes, the shares of the Oriental Hotel in Bangkok will be listed in Thailand in June. Its manager, the Hongkong-based Mandarin364 words
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Page 15 Advertisements
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REGIONAL MARKETS
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221 1988-04-16 16 Reuter NEW ZEALAND Justice Minister Geoffrey Palmer said he had approved amendments to New Zealand Stock Exchange rules strengthening the financial base of members. Mr Palmer said in a statement the amendments raise the amount by which an individual member's assets are to exceedReuter - 221 words
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175 1988-04-16 16 Reuter THE NEW ZEALAND Insurance Company Ltd said it has increased its offer for CIC Holdings Ltd to A 53.40 per share from A 53.25 A statement by New Zealand Insurance, a wholly owned subsidiary of NZI Corporation Ltd. said the major shareholdersReuter - 175 words
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3282 1988-04-16 16 SHARE PRICES on the Kuala Lumpur stock market fell across the board yesterday as sellers swarmed the trading floor right from the opening bell on news of an overnight 101-point drop on Wall Street. Dealers said the market recovered just before the noon break3,282 words
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Article1484 1988-04-16 16 Hongkong STOCKS on the Hongkong market closed sharply lower yesterday following the surprising February US trade deficit of US$l3.B billion which triggered a sell-off on Wall Street, brokers said. Thursday's optimism evaporated. The Hang Seng index settled at 2.598.95. down 85.18 points, in response to a 101-point1,484 words
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Article133 1988-04-16 16 APR IS WON Cheil Sugar ***** -500 Daelim Ind ***** -200 Daewoo Corp ***** 100 Daewoo Heavy ***** unch Daishin Securities ***** -1500 Dong Ah Phar ***** -100 Dong Soh Stock ***** -200 Oongbu Steel ***** -100 Gold Star ***** 300 Hanil Bank ***** 100 Hand Cement ***** uncti133 words
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Article484 1988-04-16 16 Reuter PRICES on the Tokyo market closed down yesterday following a 101-point overnight tumble on Wall Street triggered by a larg-er-than-expected U5513.83 billion February trade deficit. brokers said. "The belief still is that the US trade deficit is on a declining trend," said senior analyst Kunio Misaki of NikkoReuter - 484 words
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Article401 1988-04-16 16 Reuter THE AUSTRALIAN share market regained some ground in late trading yesterday but closed sharply lower after strong selling pressure. Brokers said the market had faded towards the close of floor trading but had performed well considering the 101-point fall on Wall Street overnight. "No-one was keen to pushReuter - 401 words
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Article150 1988-04-16 16 Reuter THE SECURITIES Exchange of Thailand Index dropped 10.48 points to 394.71 yesterday on a turnover of 10,090,725 shares worth 1,066.88 million baht. Reuter APH 15 BAHT Ao Kham Thai 183 Ayudhya Investment 412 Bangkok Agro-lnd 142 Bangkok Bank 327 Bank CM Ayudhya 356 Charoong Thai Wire Cable 441Reuter - 150 words
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Article239 1988-04-16 16 APR IS NT S All Sincere Indus 3 10 -002 Asia Cement 75 50 -1.5 Cathay Cons 81 00 -2 Chang Hwa Bank 358 00 -11 Cheng Loong 64 50 -15 Chia Hsin Cement 60 00 -15 Chin Hsin Flour 2120 -06 China Chem 35 20 -03 China Dev239 words
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Article99 1988-04-16 16 APR IS PESOS Aco|« Mining 0 011 uncfi 1 Anglo Phil Apex Mining B 0 027 -0 001 Atlas Con B 24 25 -0 25 i Baguio Gold 0017 unch Basic Petroleum Benguet Con B 80 unch First Ptiil Hldgs 860 -04 Lepanto B 0 47 -►001 Marcopper 099 words
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Page 16 Advertisements
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Advertisement355 1988-04-16 16 NOTICES NOTICE NOTICE IS HEREBY GIVEN that I Chung Sin Sin Teo Sin Sin of No 6 Bedok South Ave.2 #14-336 Singapore 1646, has applied for a Retail Beer Shop licence in respect of premises at M/s 8.8.Q MiniSupermarket at 5 Upp Changi Rd #01-2041 Singapore (1750), and that this355 words
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Advertisement256 1988-04-16 16 In the Matter of The Companies Act, Cap. 50 and YAO HAK ENTERPRISES PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Colombo Court, #04-15, Singapore 0617 on Friday, the 15th day of April 1988 at 4 p.m.256 words
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Advertisement257 1988-04-16 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAKSING DIESEL PTE LTD (Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 19 Keppel Road #07-05. Jit Poh Building. Singapore 0208 on the 13th257 words
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WORLD MARKETS
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Article1006 1988-04-16 17 New York Reuter THE NEW YORK stock market plunged to its fifth-worst loss on Thursday, stunned by news that the US trade deficit widened in February. The report rattled the world's financial markets, pounding the dollar and bonds lower and triggering successive arbitrage sell programs, tradersReuter - 1,006 words
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Article1015 1988-04-16 17 London Reuter SHARE PRICES on the London market opened with a 24.1-point loss on the FTSE 100 share index yesterday, a fall of 1.3 per cent, after an early mark down prompted by a 101-point fall in New York on Thursday. Equities were pulled offReuter - 1,015 words
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Article1283 1988-04-16 17 Selected indices HONGKONG Hongkong Index Friday 1.706 04 Thursday 1.***** Week ago 1.720 14 Hang Seng Index Friday 2.***** Thursday 2 684 13 Week ago 2.619 87 All Industrials Friday 2.3177 Thursdoy 2.3628 Week ogo 2.29V 1 NEW YORK Dow Jones Thursday 2.005 63 Wednesday 2.***** Week ogo 2,062 171,283 words
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Article47 1988-04-16 17 AFP THE DIVERSIFIED British industrial group. Pearson PLC. said on Thursday that it was offering to buy leading French financial daily Les Echos in two stages The move came after strong French criticism of Pearson's CBB-million takeover bid for the daily.AFP - 47 words
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Article, Illustration806 1988-04-16 17 US$l.7 billion paid for near 50pc stake in SGB AFP ITALIAN TYCOON Carlo de Benedetti. after paying at least US$l.7 billion to control a near 50 per cent stake in the industrial conglomerate Societe Generate de Belgique S A, failed onAFP - 806 words
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287 1988-04-16 17 Reuter NEW YORK STOCK EXCHANGE chairman John Phelan and Chicago Mercantile Exchange head Leo Melamed are discussing possible inter-market trading halts on days when the Dow Jones Industrial Average moves 200 to 300 points. In testimony before the House Subcommittee on Telecommunications and Finance,Reuter - 287 words
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344 1988-04-16 17 NYT THE CAIN CHEMICAL Co. a US commodity chemicals producer that was formed less than a year ago, will be bought by the Occidental Petroleum Co in a transaction valued at US$2.2 billion, the two companies said on Thursday. The transaction includes aNYT - 344 words
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Article104 1988-04-16 17 Reuter HARRY and Leona Helmsley, billionaire property tycoons whose holdings include the Empire State Building in New York, were indicted on Thursday on charges of cheating on their taxes The couple, whose fortune has been estimated at US$5 billion, pleaded innocent to a 188-count state indictmentReuter - 104 words
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Article231 1988-04-16 17 AFP SWEDISH industrial group Saab-Scama scored a 1987 profit of 3.580 billion kronor before taxes and financial amortisations, up 8 per cent from 3.327 billion kronor in 1986 The group announced in Stockholm yesterday that consolidated turnover was 41.403 billion kronor last year, up 18 perAFP - 231 words
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Article194 1988-04-16 17 NYT THE UNISYS CORP. America's second-largest computer manufacturer after IBM. said on Thursday that its first-quarter net income rose 35.5 per cent from the same period a year earlier It said earnings had exceeded expectations and attributed the gams to cost-cutting measures as well asNYT - 194 words
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92 1988-04-16 17 AFP NOMURA International, the Lon-don-based subsidiary of the major Japanese securities company, is to become a market maker for seven more British stocks, Nomura announced in London on Thursday. The companies concerned are pharmaceutical groups Boots and Wellcome, food, beverage and restaurant groupsAFP - 92 words
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Page 17 Advertisements
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Advertisement261 1988-04-16 17 TENDER NOTICE 1. Tenders are invited for: CHARTER OF A PASSENGER BOAT TO OPERATE BETWEEN KUALA TERENGGANU AND PULAU BIDONG, HAVING A CAPACITY OF NOT LESS THAN 50 PASSENGERS. CAPABLE OF AT LEAST 15 KNOTS AND ABLE TO OPERATE ALL YEAR AND IN ALL WEATHER (REF: TDR-PB/02/88) 2. Price per261 words
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449 1988-04-16 18 AFP THE POLITICAL settlement reached in Afghanistan could serve as a guide for peace in Cambodia, Soviet Deputy Foreign Minister Igor Rogachev said in Bangkok yesterday. "We are sure that the experience over prolonged talks on the Afghan problem will helpAFP - 449 words
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Article95 1988-04-16 18 AFP ROMANIAN President Nicolae Ceaucescu is to arrive in Hanoi tomorrow for a brief official visit, official sources said yesterday. Observers said Mr Ceaucescu, who maintains excellent relations with Cambodian resistance leader Prince Norodom Sihanouk, apparently hopes to help mediate in the Cambodian conflict during hisAFP - 95 words
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Article, Illustration355 1988-04-16 18 RICHARD SEAH - AMERICAN DEMOCRACY AND FREE ENTERPRISE VINDICATED By RICHARD SEAH in WASHINGTON THE SUCCESS OF East and South-east Asian economies is actually victory for the United States for American belief in their system of democracy and free enterprise, Prime Minister355 words
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454 1988-04-16 18 WARM but not enthusiastic applause greeted Prime Minister Lee Kuan Yew's address to the American Society of Newspaper Editors (ASNE) on Thursday, in which he argued Singapore's case for restricting the circulation of four publications, all of which happened to454 words
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195 1988-04-16 18 A COURT of three judges yesterday reserved its decision on a "show cause" case against lawyer H E Cashin after a three-day hearing. Chief Justice Wee Chong Jin, sitting with Justice L P Thean and Justice F A Chua, said they needed more195 words
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98 1988-04-16 18 FOR owing a bank $10 million. Mr Michael Ng Eng Choon, the son of former rubber magnate Ng Quee Lam, was made a bankrupt yesterday. Ng's counsel, Mr Lok Vi Ming, tried unsuccessfully in court to get an adjournment of the bankruptcy98 words
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296 1988-04-16 18 AP AFP A CHINESE PLEDGE not to interfere in the internal affairs of other countries makes it possible for Indonesia to move on with the process of normalising ties with Beijing. An Indonesian Foreign Ministry official said in Jakarta yesterday that Chinese Deputy ForeignAP; AFP - 296 words
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207 1988-04-16 18 Reuter THE FORMER head of the collapsed Carrian property empire and his two top aides will be tried together with a Malaysian banker now awaiting extradition in Britain, a Hongkong court was told yesterday. Crown prosecutor John Sulan told the courtReuter - 207 words
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48 1988-04-16 18 USA Today, the American newspaper, will now also be printed in Hongkong, making the colony the newspaper's third printing site outside the US. Apart from the US. USA Today, owned by Gannett Co Inc. is also printed in Singapore and Switzerland.48 words
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Article47 1988-04-16 18 AFP THAI opposition parties yesterday submitted a noconfidence motion against Prime Minister Prem Tinsulanonda's coalition government for alleged failures in economic and foreign policy The motion submitted to House Speaker Chuan Leekpai by the 11-party opposition had 85 endorsements, 15 more than the required 70. AFPAFP - 47 words
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495 1988-04-16 18 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent THE NIKKEI stock index futures contract traded at Simex will soon have a sibling. The International Stock Exchange (ISE) in London and the Japanese financial daily, Nihon Kezai Shimbun. will launch a stock index, based495 words
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Article84 1988-04-16 18 AUSTRALIAN Defence Minister Kim Christian Beazely will stop over in Singapore tomorrow on his way home from Malaysia. He will call on Acting Prime Minister and Defence Minister Goh Chok Tong before flying back to Australia the same night. Mr Kim Beazely is scheduled to84 words
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83 1988-04-16 18 AP THAILAND exported 36.6 per cent lees rice in the first three months of 1968 than it did in the same period last year, the Board of Trade of Thailand said yesterday. The 778,908 tonnes of rice exported between January and March wasAP - 83 words
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LATE FILE
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Article53 1988-04-16 18 AP PHILIPPINE President Corazon Aquino and Chinese Premier Li Peng reaffirmed their two nations' strong ties in two hours of talks in Beijing yesterday. Mrs Aquino also repeated her government's position that the People's Republic is the sole legal government representing China, the Official Xinhua NewsAP - 53 words
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Article30 1988-04-16 18 AFP CANAOA's Northern Telecom and China's Tong Guang Electronics have agreed to set up a joint venture to produce telephones and telecommunications systems, the Canadian company announced. AFPAFP - 30 words
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Article67 1988-04-16 18 AFP SOUTH KOREA has shed its status as a developing nation and could rank among the world's top 10 economic powers in the year 2000. the chairman of Korean Air Lines said in Tokyo yesterday. At the end of the century, South Korea willAFP - 67 words
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Article60 1988-04-16 18 Reuter BANGLADESHI President Hossain Mohammad Ershad has appealed to opposition groups to abandon plans for yet another general strike and said he would listen to reasonable proposals to resolve differences. The opposition has called an eight-hour general strike on April 25 that would be the 27th generalReuter - 60 words
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Article32 1988-04-16 18 AFP AUSTRALIA'S governmentowned Commonwealth Bank of Australia may be partly privatised and a merger with ANZ Banking Group Ltd has been mooted as a possibility, news reports said Friday.AFP - 32 words
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Page 18 Advertisements
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Advertisement65 1988-04-16 18 Asian countries hail signing of Afghan accord, Page 3 When the business is done have a good sleep on us. You r# nvrted lo com* arxj fee on our wlitisiJi tor up eio hours n our ennto room. and mmt »»(*l»r«nc» lor yoma* pr CUtfculun tor Or—w MwlWI ttMwtwdi tor65 words
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Advertisement186 1988-04-16 18 Tha Comax rapovt was not available at prsaa tlma. teMSi r ii k or *4 mm EHHKK x -> ?.%%&,<,■ '■£.< 4 'V''V m :> A *5 -'4 ,/5 *I yr m 5r ■<v li I V H Burberrysi AUTHORISED DEALERS DAIMARU ISETAN ORCHARD ISETAN HAH/ELOCK LE CLABSKXIE METRO GRAND186 words
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