The Business Times, 23 April 1988
1988-04-23
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The Business Times
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Title Section12 1988-04-23 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, April 23-24, 1988 75 CENTS12 words
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Article281 1988-04-23 1 AFP Dow Jones higher WALL STREET STOCKS were higher yesterday but were retreating from earlier gains based on futures related buying. The futures buying related to a rise in bonds on the unfavourable economic news of no change in the durable goods report yesterday. The Dow 30AFP - 281 words
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141 1988-04-23 1 THE US DOLLAR rose marginally against the other major currencies on Asia's foreign exchanges yesterday. It closed higher on speculative buying in Asia, while the British pound ended steady following some profit-taking by traders. Also contributing to the dollar's firmness was news that more141 words
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110 1988-04-23 1 AP EAST ASIA'S newly-prosperous trading countries dislike being lumped together, but growing interdependence means they and other Pacific Rim nations should organise a regional economic framework, the US Congress was told yesterday. The entire Pacific region now requires a mechanism for multilateral economic consultations (becauseAP - 110 words
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281 1988-04-23 1 Reuter JAPAN'S Trade Minister slammed a US trade bill as protectionist yesterday and was quoted as saying some of the congressmen who approved it might be guilty of racism. "What else besides trade is involved'' One might even think it is anti-Japanese feeling andReuter - 281 words
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Article, Illustration192 1988-04-23 1 THE SINGAPORE stockmarket defied wobbly Wall Street and a weaker Tokyo to close at its highest level for the week. There was a marked return of buying interest from foreign institutions. This was reflected in the turnover, the highest for the week. The192 words
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459 1988-04-23 1 MARTIN SOONG - By MARTIN SOONG DISGRUNTLED MEMBERS of the Seletar Country Club, long the island s breeding ground for young golfing talent, are pretty teed off by a recent 67 per cent rise in monthly dues. But club chairman Cheong Quee Wah says if more green isn't459 words
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540 1988-04-23 1 CORRINA LIM - DEVELOPMENT SEEN AS A THREAT BY SOME By CORRINA LIM PUBLICLY-LISTED Lum Chang Holdings and Yeo Hiap Seng Ltd have received in-principle approvals from the Stock Exchange of Singapore to enter the lucrative stockbroking business. The two companies were informed of the SES's540 words
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Article, Illustration206 1988-04-23 1 Reuter THE 36-YEAR-OLD chairman of Lotus Development Corporation edged out Chrysler Corporation's Lee lacocca as America s highest-paid chief executive officer last year, with compensation of U5526.3 million. Mr lacocca. who took a US$6 million-pay cut over the prior year because heReuter - 206 words
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Page 1 Advertisements
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Advertisement288 1988-04-23 1 Nikon Tit* NMd'i F«nw< Photograph* System Full local report, Page 14 Regional markets, Page 16 World markets, Page 17 THERE ARE FEW AMONG US who could claim to hove passed our adolescence without having agonised over the terrible fault of not possessing a face like this heroine's or a build288 words
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Advertisement9 1988-04-23 1 House passes trade bill despite veto threat, Page 39 words
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Advertisement182 1988-04-23 1 Nikon Thm WmM'i FM WH|n»Mr Sfatwa fi w*v m- j On the Tall Ship Varuna Page 9 Wwkaai IV TV programmes for today and tomorrow Page 10 Stats to Watch Marilyn. Vanity Fair and The Way We Were— Page 10 Decisions, decisions, decisions Page 10 Books When history and economics182 words
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HOME NEWS
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409 1988-04-23 2 LIM SOON NEO - Bilateral air talks in May to focus on capacity By LIM SOON NEO ABOUT 23,600 JAPANESE are on Singapore Airlines' waiting list of passengers wanting to fly to Singapore in May and June, showing a severe shortage of seats on the Japan-Singapore route. According409 words
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Article137 1988-04-23 2 THE International Classified Advertising Week '88 (ICAW) will kick off tomorrow (April 24) with celebrations by the Singapore River. A carnival theme has been planned and some of the day's highlights will be free cruises down the river and a "carmart'' to help car owners find137 words
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Article83 1988-04-23 2 SINGAPOREANS can look forward to more long weekends next year as five of the 11 public holidays in 1989 will be on Monday. These include two holidays that fall on Sunday, which automatically makes the next day a public holiday. This year, there are four holidays that fall83 words
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249 1988-04-23 2 SINGAPORE AIRLINES (SIA) and Royal Brunei Airlines (RBA) can now have as many flights using any type of aircraft to each other s country under a new and liberal air pact signed yesterday. SIA can also operate beyond Brunei to Asia, South-west Pacific, North249 words
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Article, Illustration220 1988-04-23 2 WEAVING community projects into marketing campaigns has more rewards than one, as marketing services manager Gerry Rezel discovered yesterday. His community-oriented campaigns have not only helped to build Tangs Superstore's image, but also helped to win him the Young Advertising Executive Award.220 words
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Article69 1988-04-23 2 TV AND RADIO LICENCES can be renewed for one or three years on expiry with effect from May. The Singapore Broadcasting Corporation, which announced this yesterday, said this was in line with the government policy of minimising cash transactions and increasing convenience for the public. Fees for69 words
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252 1988-04-23 2 THERE IS more to a name than meets the eye At least the owners of Provision Suppliers Corporation (PSC) seem to think so The company yesterday announced a change in its corporate Chinese name. Said Mr Tan Ling San. PSC managing director: "The252 words
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176 1988-04-23 2 A FLAG DAY today will mark the first official efforts of the newly-set-up Kidney Patients Endowment Fund to help its poor patients The Endowment Fund was specifically set up to help patients who could not afford the monthly minimum fees of $400 charged176 words
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230 1988-04-23 2 INDIA has been urged to make the best use of Singapore as a market place and showroom to reach the regional market by Mr Yeo Seng Teck. the Trade Development Board chief executive officer. Mr Yeo was speaking at230 words
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Article88 1988-04-23 2 THE Appeal Court yesterday reserved its judgment on J B Jeyaretnam's appeal against the Attorney-General's move last year to collect fines imposed on the ex-MP for abusing his parliamentary privilege and for contempt of Parliament The court told Mr Jeyaretnam that the only issue in his appeal88 words
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387 1988-04-23 2 JOHN TAN - By JOHN TAN INDIA'S engineering companies are in for a bigger slice of the regional market under a move by an Indian government-backed council to set up a warehouse here. The Engineering Export Promotional Council (EEPC) of India, set up under the Indian387 words
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85 1988-04-23 2 SINGAPORE is to send three high-level missions to India in November as part of the continuing plan to expand trade ties. Trade Development Board chief executive Yeo Seng Teck announced yesterday The trade missions will coincide with the India International Trade Fair from Nov85 words
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Article1473 1988-04-23 2 AT CONVENTIONAL WHARVES Vnitl Berlti Arrival Departure KEPPEL WHARVES Builder HI K22 alongside 23 04 0600 frotodurbon K15 alongside 23 04/2359 G Selaton-7 KI7 alongside 23 04 1500 Kim Soon li K23 alongside 2304*0700 Kutoi K33 alongside 26j*****0 lianhuoshon <32 alongside 24 04 1830 Ned Monila KI81,473 words
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Page 2 Advertisements
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Advertisement25 1988-04-23 2 i Welcome home Jalan Sultan Ivruil. ***** Kuala Lumpur. Malaysia Trl -01-2 M 7777, 01 *****22 CaNr EQUATORIAL Trlcx EQATI* MA ***** Trleta* M>. 2617W25 words
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Page 2 Miscellaneous
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Miscellaneous101 1988-04-23 2 HH v/S' Max/ Note Min (°C) 21/17 Cloudy 14/08 Cloudy 18/10 Cloudy 34/23 Cleor 35/26 Sunny 30/24 Clear 17/06 Clear 20/14 Showers 20/07 Clear una* 23/18 Cleor 20/08 Foir 26/16 Fin* 19/02 Cloudy 22/16 Roin 25/13 Cleor 11 /02 Cloudy 23/09 Showers 28/18 Cloudy 12/04 Cloudy 21/07 Cloudy 33/25 Fin.101 words
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OVERSEAS
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373 1988-04-23 3 Reuter US FIRMS must compete more vigorously to reduce America's huge trade gap with the newly industrialising countries (NICs) of Asia, but the NICs must also do more to open their markets and revalue their currencies, a congressional panel heardReuter - 373 words
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117 1988-04-23 3 Reuter THE REAGAN Administration may seek more bilateral free trade accords modelled on the US-Canada pact if efforts to liberalise international trade fail, US Treasury Secretary James Baker said on Thursday. Mr Baker, on a one-day visit to Canada, told a Canadian business group theReuter - 117 words
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Article801 1988-04-23 3 ARRIVALS Operator Service Local From number time SIA SO 201 1145 CGK THAI TG403 1155 BKK SIA SQ191 1155 PEN SIA SQ238 1155 MES THAI TG407 1205 BKK/HDY GIA GA940 1205 MES GIA GA900 1210 PKU MAS MH641 1230 KCH SIA SQ1 1250 SPO/HNL/HKG SIA SO 203801 words
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Article, Illustration186 1988-04-23 3 Reuter TENNESSEE Senator Albert Gore Jr has ended his active quest for the US presidency, leaving front runner Michael Oukakis battling Jesse Jackson for the Democratic presidential nomination. The Tennessee senator set a Thursday afternoon news conference to announce that he hasReuter - 186 words
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287 1988-04-23 3 OANA-Bernama MALAYSIA was top on the list among Asean countries in terms of its value of arms trade from 1982 to 1986, importing mainly from the United States, the US Arms Control and Disarmament Agency said in Washington on Thursday. Malaysia's totalOANA-Bernama - 287 words
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194 1988-04-23 3 AP SOUTH KOREA plans to cut tariffs gradually from the present 18.1 per cent average to the leading industrial nations average of 7.1 per cent by 1993 Seoul officials said on Thursday the five-year plan to reduce tariffs almost across the board was designedAP - 194 words
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Article94 1988-04-23 3 Reuter THE SOVIET Union plans to apply for membership of the Asian Development Bank (ADB) Counsellor Alexander Lushokov said Moscow would send two observers to the Manila-based bank s annual meeting on April 28-30 He did not specify when Moscow would apply to join ADBReuter - 94 words
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Article138 1988-04-23 3 AP VIETNAM'S Communist Party has admitted that "no quick socio-economic progress has been made' despite major efforts to reform the country s ailing economy, says a party document made available on Thursday. An editorial in the February issue of the party s Journal, "Tap Chi CongAP - 138 words
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529 1988-04-23 3 Legislation approved by vote of 312 to 107 AP AFP IGNORING President Reagan's veto threat, the House on Thursday passed a massive trade bill aimed at making US industry more competitive around the world. It also revised the government's system of imposing importAP; AFP - 529 words
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306 1988-04-23 3 Reuter THE US proposed on Thursday to exempt partially some developing countries from its proposal to lift all barriers to farm trade within 10 years. According to a US position paper, some developing countries should be allowed to open up their marketsReuter - 306 words
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141 1988-04-23 3 Reuter THE US budget deficit widened unexpectedly last month but was still smaller in the first half of the government s 1988 fiscal year than a year earlier. The federal government had a budget gap of U5529.15 billion in March, an increase from theReuter - 141 words
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Page 3 Advertisements
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Advertisement58 1988-04-23 3 r I V I r I Th e business person's choice, every I I II I 11 I Tuesday. Thursday. Saturday and 1 1 Ml I Sunday. Leavmg Changi Airport at JL JL 22 05 hours and arriving at Lester B. Pearson International Airport the following day Call your Travel58 words
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Advertisement20 1988-04-23 3 I I r age by Lance t 1 V v' LJ PARIS leaned Boutique: 435 Orchard Road, #02-28/31 Wisma Atria.20 words
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MONEY AND ECHANGES
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Article1062 1988-04-23 4 SINGAPORE: The US dollar closed firmer yesterday against most major currencies but was below the day's highs due to late profit-taking Dealers said the dollar was traded to a high of 124 75 yen and 1 6720 marks in early afternoon trading on speculative buying on news the1,062 words
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Article, Illustration193 1988-04-23 4 Indicates the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on April 22 us$ DM SWFC Yen 7 days 6 15/16 13/16 8 1/2— 3/8 3 3/8 1/4 2 5/8 1/2 4 1/8 4 1 ml* 7 1/16 6193 words
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Article61 1988-04-23 4 THE OVERNIGHT rate on the Singapore interbank market rose point to 3% per cent yesterday. The one and two-month term rates remained unchanged S$ Interbank rates at 1 2 noon yesterday: OfF€» MO Ov«fnight 3 3/8 3 1/4 1 -month 3 1/4 3 1/8 2-month 3 «/4 361 words
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Article84 1988-04-23 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ*****Z 21.7.88 3.02 2.97 3.00 2.96 6 months BY*****H 22.9.88 3.10 3.05 3.09 3.07 1 year BY*****Z 23.3.89 3.18 3.13 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code84 words
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Article352 1988-04-23 4 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet pre-weekend trading yesterday. Dealers said most operators were sidelined awaiting the day's release of US March durable goods orders at 1230 GMT The data were expected to show a rise of between one and 2 per352 words
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Article210 1988-04-23 4 Gold futures on April 21 100 troy ounces USS per troy ounce Op«n High Low s«m« Apr 455 80 456 50 ***** ***** 1 60 May 455 80 -1 60 >un 457 00 ***** ***** 457 20 1 80 Aug ***** ***** 461.30 461 80 -1 90210 words
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Article541 1988-04-23 4 JUNE EURODOLLAR futures on the Simex opened slightly lower yesterday at 92 43 in line with the weak closing in Chicago. However, short-cover-ing lifted prices briefly to the day s high of 92 45 in the June contract on a firmer American currency Market sentiment remained weak with nearterm541 words
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Article258 1988-04-23 4 Reuter IMM currency futures on Thursday finished mostly lower and near daily lows set late. Most contracts remained sandwiched inside narrow trading ranges in thin, locally dominated action as traders searched for fresh incentive. Wariness about central bank dollar-buying offset positive sentiment tied to ideas of a stilllarge AmericanReuter - 258 words
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Article1694 1988-04-23 4 CURRENCY FUTURES OPTIONS Friday, April 22, 1988 OEUTSCHEMARK (SIMEX) May M calls May M puts High Low San High Low Salt 54 CAI 55 CAB 56 CAB 57 J24A 319 1 58 224A 219 i 59 128A 23 4 4 4 60 43A 40 231 26 61 10 9A1,694 words
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Page 4 Advertisements
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Advertisement115 1988-04-23 4 iftm. -:?fl -:uj $i •il i >. 'Vf vwiff Treat your family to a sumptuous Chao Zhou provincial meal at the Chao Zhou Garden Restaurant Ask for our special set menu ranging from $28+ for 2 persons, $55 for 4-5 persons or $88 4- for 6-8 persons. A delectable choice115 words
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Advertisement10 1988-04-23 4 IB &4NQUE INDOSUEZ 3 Shenton Way, Shenton House, Singapore 010610 words
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BANKING AND FINANCE
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364 1988-04-23 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent SINGAPORE'S finance companies achieved a turnaround in their activities last year, following two consecutive years of decline in total loans and deposits in 1985 and 1986 Their recovery was highlighted in the 1987 annual report of the364 words
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397 1988-04-23 5 Reuter BANKING ANALYSTS viewed Bank America Corps first quarter earnings as further evidence that its 18-month-old recovery was solidly in place and said Wall Street earnings estimates for the year could be raised. "The vital signs look quite good and I expect further progress. barringReuter - 397 words
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305 1988-04-23 5 ALVIN TAY - Credit Lyonnais launches facility in Asian market Aussie merchant bank to raise USsloom By ALVIN TAY Banking Correspondent CREDIT LYONNAIS Australia Ltd, a wholly-owned merchant banking subsidiary of French-based Credit Lyonnais. has launched a US$lOO million note issuance facility in the Asian dollar market. The five-year facility, which is non-underwritten,305 words
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223 1988-04-23 5 Reuter IRVING BANK Corp announced on Thursday it was postponing its annual meeting to June 13 to give shareholders a chance to further consider the competing bids of Bank of New York Co Inc and Banca Commerciale Italiana Originally, the meeting wasReuter - 223 words
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92 1988-04-23 5 Reuter A SPOKESMAN for the Bank of New York Co Inc on Thursday called Irving Bank Corps postponement of its annual meeting until June illegal. "The action taken by Irving's board is clearly illegal. We will be taking appropriate action," the spokesman saidReuter - 92 words
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146 1988-04-23 5 FT CANADIAN IMPERIAL Bank of Commerce on Wednesday dismissed 124 employees of its London investment banking operations, one of the largest staff cuts in the current shakeout of the overcrowded Eurobond and UK stock markets. The redundancies were partly due to CIBC'sFT - 146 words
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COMMODITIES
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Article80 1988-04-23 5 THE MARKET was steady in dull trading yesterday. Closing prices for crude (FOB origin) US$/borr*t Oong# Topis (Moy) 17.40 Minos (Moy) 16.40 Duboi Uuncl W#i» T«ioi 15.75 WTI (Junal* 18 35 N«« Tort cto<« p'»»*o*n day. Products (FOB S'pore) US$/borr«t Oong* Kwomw 71.40 undi Gowil 21.60 unth80 words
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Article401 1988-04-23 5 Malaysian crude palm oil futures closed slightly lower on the Kuala Lumpur Commodity Exchange (KLCE) yesterday due to the lower Chicago Board of Trade (CBT) overnight soyoil market and amid long liquidation by the physical houses May delivery was Msl4 down at Ms94o a tonne, June Msll lower401 words
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Article245 1988-04-23 5 Chinese Produce block FOB NIW 715 00 Exchange Sarawak Aita block FOB NIW 810.00 Sellers' noon closing prices on lampong block April 22 (SS/100 kg) FOB Asta NIW 800 00 Coconut oil Coffee Bulk FOB 106 00 API FOB NSW 440.00 Old drum FOB 116 00 AP2 FOB245 words
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Article347 1988-04-23 5 HONGKONG: The metal closed slightly lower yesterday after an initial round of selling by local and overseas investors in the morning. Dealers said rumours, later denied, of border clash between North and South Korea, and news that the US would send 13 warships to the Gulf next week347 words
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Article318 1988-04-23 5 London Aug/Sep 560pd Commodity Exchange M'sian palm kernel oil 5Hpc CIF Rotterdom Apr/May 505sir (510) May/Jun 510slr (515) Buyer/Seller dosing prices on April 21 (£/tonne unless sped- _i» Jun/Jul Jul/Aug Aug/Sep 515* (520) 520sir (525) 520pd (530) Tiea;. Sep/Oct 525pd (530pd) Previous closing prices in Oct/Dec 530pd parenthesis.318 words
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Article59 1988-04-23 5 SOYBEAN FUTURES on the Chicago Board of Trade closed with sharp losses of 7% to 11 US cents a bushel on Thursday May settled 7V* cents lower at U556.59%. Soymeal futures extended losses and closed off US$2.9O to US$4.5O a tonne. Soyoil ended 039 to 032 cent a lb59 words
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Article79 1988-04-23 5 WHEAT FUTURES on the Chicago Board of Trade closed on Thursday with slightly trimmed losses of one to !4 US cent a bushel. May settled one cent lower at U553.14%. Late commercial buying helped cut losses Continental took one million bushels of July. Corn futures retained losses of 1%79 words
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Article185 1988-04-23 5 STRONG BUYING DEMANO ahead of the weekend pushed the Kuala Lumpur Tin Market (KLTM) price five cents higher to M 517.35 per kg in quiet trading yesterday, dealers said. High opening bids ot 83 tonnes help lift the price gradually, they said. The rise widened KLTM's premium over185 words
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Article249 1988-04-23 5 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 239.00 240.00N 241.00 242.00N Int 1 RSS May 88 237.50 238.50N 239.50 240.50 Int 1 RSS June 237.50 238.50 239.50 240.50 Int 2 RSS OP 237.50 239.50N 239.00 241.00N249 words
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Article82 1988-04-23 5 (cents/kg) MAY 1988 JUNE 1988 (current month) (forward month) NOON NOON RAS Buyers Sellers Buyers Sellers SSR 20 232.50 234.SON 232.50 234.50N SSR 50 231.00 233.00N 231.00 233.00N MRELB Buyer* Sellers Buyers Sellers SMR CV 395.50 397.50N 396.50 398 50N SMS t 404.00 406 00N 405.00 407.00N82 words
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Article284 1988-04-23 5 SINGAPORE The market closed higher yesterday with May One RSS buyers quoted at 239 50 cents a kg, up 1.50 cents from Thursday's close After a steady opening at around overnight levels, prices hovered within narrow ranges before ending the morning slightly lower on long liquidation and lack of284 words
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Page 5 Miscellaneous
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Miscellaneous70 1988-04-23 5 Doonesbury COTTHMB Y&,GEORGB. UJHffVS ALLTHIS IN THE "POST" ABOUT YOUR PISAGREEING UHTH MY POLIOES* I Till' if YOU KNOW, THEY'RE OUST GEORGE, MY TINY DISAGREE MEMORY OF MENTS,SIR. YOURROLSIN QUIBBLING, TUB IRAN AFFAIR REALLY... 15 STARTING TO M/ IMPROVE. lillll jinn fT' I I I I SOL BY GARRY TRUDEAU70 words
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PERSPECTIVE
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Article548 1988-04-23 6 NEWS that a databank library of faces has been set up at the Singapore General Hospital will be welcorned by plastic surgeons and other experts dealf m 9 with reconstructive surgery. They should find useful the computerised model of an "attractive face within the norm", which548 words
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Article, Illustration1126 1988-04-23 6 FLORENCE CHONG - Australia is seen as one of the most over-shopped countries in the world. But despite this image, large Japanese retailers Daimaru and Hankyu are expanding there. FLORENCE CHONG, reporting from Sydney, describes the impact these two stores will have on Australian retailers. FLORENCE1,126 words
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823 1988-04-23 6 S G Lim - Letters to the Editor S G Lim Dear Sir As a shareholder of Singapore Bus Service Ltd, I will like to commend the management and directors of SBS for their prudent stewardship culminating in another year of record earnings in 1987 However, whereas823 words
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135 1988-04-23 6 Richard Ong - Richard Ong for director-general of public works. Ministry of National Development. Dear Sir We would like to clarify your March 22 report headlined Cheng Hong residents to get evacuation orders'. Your report has Mr Joseph Yee. deputy director of Development and135 words
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315 1988-04-23 6 Christopher Cowdray - Christopher Cowdray executive assistant manager The Pavilion Inter-Continental Dear Sir Following the suggestion of the chairman of the Singapore Tourist Promotion Board (April 14) that "it is time to start thinking about building more hotels it is a tribute to the work of315 words
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Article150 1988-04-23 6 Yeo Seng Kia - Yeo Seng Kia Dear Sir With reference to your front-page article on entrepreneurship (April 20). the formation of Sesdaq is certainly a step forward. Unfortunately, by the time a venture is listed, it is already a success. If it is our intention to150 words
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Page 6 Miscellaneous
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Miscellaneous775 1988-04-23 6 CRYPTIC PUZZLE ACROSS 8 Just a touch, one fancied (7) 9 Trouble there'll be if you buy the infernal thing? (4, 2, 3) 13 Scowl, let down (5) 14 Quick to take the blame, I note (5) 15 A smart boy, though pusillanimous (7) 16 Mean to get something cheap775 words
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Executive Lifestyle
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Article293 1988-04-23 7 BT TRIES to pull the wool over our readers' eyes only once a year, on April 1. BT's April Fool's Day story this year, about the development of Lazarus Island into Fantasy Island, managed to get by a stockbroker in a major British firm. She called293 words
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Article, Illustration641 1988-04-23 7 ROSIE TAN - With ROSIE TAN NOWHERE in business newspapers are cliches, jargon and other forms of word play more practised and tolerated than in the stock market report. Investors by now are quite likely to have mastered the art of sifting through the colourful imagery in641 words
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Article, Illustration1209 1988-04-23 7 WALTON MORAIS - BT's exclusive section for the discriminating executive By WALTON MORAIS OLGA MOROZOVA hardly batted an eyelid when the photographer got up close and snapped away. Neither did she lose a beat, mid-sentence, in the studied discussion she was having with Larisa Savchenko. Earlier, Savchenko was at1,209 words
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Page 7 Advertisements
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Advertisement24 1988-04-23 7 FOR THE CARD THAT OFFERS YOU FREE TRAVEL INSURANCE OF US$5O,OOO, CHASE sb d SS 8 bcc CKt'fc CALL 532 35" CHASE CLASSIC VISA24 words
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Advertisement130 1988-04-23 7 VY*\ \i 1 V\ -.■?*>■ J) i fc if fr jf lA%» j#' 1 I J M' k' m < 9MOMO v f gerald genta Steel/gold with Diamond bezel. Showroom and Service Centre: Authorised dealers: Singapore Kuala Lumpur Singapore Kuala Lumpur Jakarta The Hour Glass The Hour Glass The Hour130 words
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Executive Lifestyle: Entertainment & the Arts
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892 1988-04-23 8 MOVIES NYT LESS THAN a three-hour drive from each other on a Mississippi highway, two movie companies are poking their cameras into the uncomfortable past. Mississippi Burning is a fictionalised account of the murders of three civil rights workers in the summer of 1964 HeartNYT - 892 words
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Page 8 Advertisements
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Advertisement1053 1988-04-23 8 COURVOISIER XO-Where to eat, drink... Royal Holiday Inn Singapore will be scoring a first in the local hotel industry when it holds weekend sunset dinner buffet prepared by muslim chefs, during the Muslim fasting month. Join us in the observance of Ramadan and the celebration of Hari Rava Puasa. BERBUKA1,053 words
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Advertisement194 1988-04-23 8 Catch the excitement and fever of Singapore's richest annual fashion and glamour event. SEMI-FINALS Model of The Year April 26, 29 Male Model of The Year May 3, 6 Discovery of The Year May 10, 13 (all starting at 9 pm) w For reservations call *****11 ext 721, The management194 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration582 1988-04-23 9 JAIME LYE - HEALTH By JAIME LYE SLICING YOUR WAY to a better figure and higher self-esteem may seem like a fast and effective solution for women with weight problems, but is it the best way? The method is called liposuction. and it's fast582 words
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Article, Illustration759 1988-04-23 9 HARISH MEHTA - AUSTRALIAN BICENTENNIAL By HARISH MEHTA TOSSED ABOUT the Pacific like a Bombay salad and after weeks of living off sardines, the crew members of the Indian Navy training ship, Varuna, were glad to be on the terra firma Down Under, with Australian759 words
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728 1988-04-23 9 MONICA GWEE - Decisions, decisions, decisions MEN By MONICA GWEE THERE HE WAS, this highly regarded director of a top-drawer multi-national staring at a supermarket shelf, his brow painfully creased Oh no," he said, "it's you." Before I could formulate an answer to such an unfriendly greeting, a trolley, wheeled by Mr Director's728 words
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Article, Illustration554 1988-04-23 10 JAIME LYE - C/A/etM By JAIME LYE THEY SAY that if you want to be recognised as an actor, never co-star with babies or animals because they will simply steal the show from you. But Tom Selleck, Steve Guttenberg and Ted Danson didn't have554 words
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Page 9 Advertisements
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Advertisement428 1988-04-23 9 and entertain 4 lr Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast right through to pastries, puddings, fruit salad and cheeseboard428 words
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Advertisement258 1988-04-23 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET AN(TTHKR IS THE CHOICE OK MAIN C(H USES. PALM W for between $26++ and $40+ I U Can se cct rom our appetiser VjKII.L buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses.258 words
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Page 10 Advertisements
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Advertisement97 1988-04-23 10 THE HARBOUR GRILL OR THE INN OF HAPPINESS APRIL 25 29 Take your secretary out for lunch at the Hilton. 7 here V the continental business lunch at the Harbour Grill. An exceptionally lowly treat that's rounded off with a red rose and a bottle of perfume. Or she may97 words
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Page 10 Miscellaneous
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Miscellaneous1146 1988-04-23 10 Saturday 4 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 8.151,146 words
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Miscellaneous1719 1988-04-23 10 SUm TO WATCH Marilyn, Vanity Fair and The Way We Were Movies The Chain, based on an original screenplay by playwright Jack Rosenthal, dramatises a day in the life of professional movers and all the upheavals of house-moving This comedy stars Nigel Hawthorne. Bernard Hill and Phyllis Logan (Today, 8301,719 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration401 1988-04-23 11 FASHION LEAN and delightful, Genny's stronger presence in Singapore is a welcome addition to ingenuous clothes with great cut and styling for credible dressing. Genny's Spring-Summer collection '88, designed by Gianni Versace, took to the stage at the Hyatt Regency Hotel on Thursday.401 words
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225 1988-04-23 11 THE IDEA for the SSO Ladies League was first conceived at the end of 1983. It was to be a complementary arm of the SSO Endowment Fund Committee, to augment its various fund-raising projects The concept of committees and other groups similar to the225 words
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Article1115 1988-04-23 11 Sakina Dhilawala - Compiled by i Sakina Dhilawala CINEMA: Wall Street starring Michael Douglas, Charlie Sheen, Daryl Hannah and Martin Sheen. Showing at Cathay. The Last Emperor starring John Lone, Joan Chen and Peter O'Toole Showing at Lido and Savoy: 11; 2.15; 5 30; 8.45 Moonstruck starring Cher, Olympia Dukakis. Showing at1,115 words
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Article, Illustration803 1988-04-23 11 CHUANG PECK MING - BOOKS By CHUANG PECK MING Economics In Perspective A Critical History. By John Kenneth Galbraith. Houghton Mifflin. 324 pages. U5519.95. Also entitled in the UK edition as A History Of Economics The Pest As The Present. Hamish Hamilton. 324 pages. 559.95. ORDINARY PEOPLE usually803 words
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Page 11 Advertisements
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Advertisement40 1988-04-23 11 100% &cr> ooCCotx. hypcy C4c*&yi&, tOOtf r*&toe/U*C{/< ootCory,. tAeaC' btojp' coot odtto+x *uxaj- cx> cJu**y/sC' e^ccCUxg J&y* i+y, t&c- £t*cJty Clo4**vs f<B&. a*ul iAJCCVt,. Corv^tyt£Tgyt*d(£y Or>xl 06&**iu4'. Available at all leading department stores in Singapore. Malaysia and Brunei gents BRIEF40 words
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Executive Lifestyle: Sports
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Article, Illustration622 1988-04-23 12 WALTON MORAIS - TENNIS I Singapore I V Women's J Open y By WALTON MORAIS AS THE FINAL LINK with history fell on centre court with defending champion Anne Minter's defeat, the girls from Russia threatened to create their own history in the DHL Singapore Women's Open tennis championships622 words
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Article, Illustration491 1988-04-23 12 AP DEFENDING CHAMPION Mats Wilander made an early exit at the U*****,500 Monte Carlo Open tennis tournament on Thursday although top seed Ivan Lendl showed he was rounding into form. Claudio Pistolesi of Italy, a 20-year-old qualifier, beat Wilander, the No 2 seed and playerAP - 491 words
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Article, Illustration352 1988-04-23 12 MOTOR-RACING AP BRAZILIAN DRIVER Ayrton Senna clocked the fastest lap before crashing his McLaren car at the Lesmo bend during the third and last day of test runs by several Formula One teams at the Monza Autodrome on Thursday. Senna escaped the accident unhurtAP - 352 words
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Article233 1988-04-23 12 SNOOKER Reuter JIMMY WHITE and Stephen Hendry staged a whirlwind opening to their tussle for a quarter-final place in the World Snooker Championship in England on Thursday. The pair completed the first eight frames of their second round match in just 92 minutes, Englishman WhiteReuter - 233 words
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231 1988-04-23 12 CHERRIE HOLDER - By CHERRIE HOLDER TWO OF AUSTRALIA'S greatest tennis players are all set to show 200 participants in the BT Junior Clinic today how effective attacking play can be. Paul McNamee, known as the world's greatest doubles player, will be on court to231 words
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628 1988-04-23 12 Mike Thumba - Over-bidding wishful thinking or dreams? Bridge By Mike Thumba OVERBIDDING usually means that instead of a simple raise, you jump into a game straight away or catapult yourself into a slam at the highest hint, or even overcalling on insufficient strength or distribution. Mike Lawrence calls this kind of attitude628 words
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748 1988-04-23 12 JEROME FANDOR - Oh mac With JEROME FANDOR THE PERAK DERBY 18 of the best stayers of this region going over 2,400 metres. One-and-a-half circuits of the Ipoh race track and a long straight to contend with. Two-and-a-half minutes of solid galloping $200,000 at748 words
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Article, Illustration212 1988-04-23 12 BOXING UPI MICHAEL SPINKS is off to a three-week headstart over Mike Tyson in training for their June 27 heavyweight championship bout. Spinks, seeking to shake ring rust, opened training on April 19 at the Concord Hotel in Kiamesha Lake, New York, for the bout betweenUPI - 212 words
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Executive Lifestyle: personal Investment
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666 1988-04-23 13 MARKET PSYCHOLOGY Reuter A REASON FOR THE scale of the crash of 1987 and the recent money market jitters may be the tendency of traders around the globe to react less to the actual news than to what other traders do, some economistsReuter - 666 words
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1097 1988-04-23 13 Patricia M Scherschel - WORLD INTEREST RATES By Patricia M Scherschel Financial Editor HAVE THE WORLD S financial markets been tossed into a seething pressure cooker once again? That's the question that's nagging a great many analysts who believe inflationary pressures are intensifying, causing interest rates to1,097 words
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Article993 1988-04-23 13 AMERICAN BOND FUNDS IHT WHEN FUND INVESTORS grew leery of equities after last October's crash. Wall Street underwriter's searched for new products to entice clients who increasingly favoured bonds. The solution: fixed-income funds that invest in the best-performing bond sectors in recent years. The resultingIHT - 993 words
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Article825 1988-04-23 13 ROSIE TAN - 'HOT' TIPS BEOinnEß'S^k cmß jm By ROSIE TAN i STOCKMARKET players can be divided into two main classes the so-called insiders with the relevant information and the right psychological attitude, more popularly referred to as they; and the majority of us. collectively known as825 words
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Article233 1988-04-23 13 ART TRADE Sotheby's Research Department ONCE AGAIN the weak dollar proved an incentive to a number of European buyers attending sales in New York. However, that was not to say that there was an absence of North American participation. In fact, American private collectors bought actively. Moreover,Sotheby's Research Department - 233 words
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Page 13 Advertisements
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Advertisement170 1988-04-23 13 EXECUTIVES Are you looking for a change of career? A job that would bring you into contact with the best and brightest in Singapore, and put you at the very heart of business and economy? Then consider a switch to the fast-moving and stimulating world of business journalism. Put your170 words
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Advertisement68 1988-04-23 13 GO PUBLIC CANADA U.S. FREE TRADE AGREEMENT REAL ESTATE OPPORTUNITIES Venture Capital Group seeks qualified Asian companies wishing to capitalize on these benefits, expand, and have their shares publicly quoted in Canada and the United States through merger /reverse takeover of existing public shell corporations. Plwm forward pertinent information to:68 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4876 1988-04-23 14 THE SINGAPORE stock market surged in a rare show of independence yesterday against a wobbly Wall Street and weak Tokyo. Brokers said the local bourse's resilient performance from mid-week had convinced foreign institutions to return to Singapore, boosting turnover to the highest recorded for4,876 words
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Page 14 Advertisements
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Advertisement12 1988-04-23 14 Unit trusts table, Page 15; Business done on the SES, Page 1512 words
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COMPANY NEWS
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359 1988-04-23 15 ALVIN TAY - By ALVIN TAY Banking Correspondent OVERSEA-Chinese Banking Corporation is establishing its third branch in Hongkong, which will take over the existing banking business of Four Seas Communications Bank Ltd in the British colony. Four Seas, a wholly-owned subsidiary of OCBC, will359 words
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447 1988-04-23 15 ONE MONTH after he bought one of Australia's biggest hotel chains from Khoo Teck Puat, Hongkong entrepreneur Adriaan Zecha is on the verge of selling half of it to an unnamed party. According to a report in the South447 words
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Article3778 1988-04-23 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 tots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word 'SETT".3,778 words
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Article128 1988-04-23 15 UNITED INTERNATIONAL SECURITIES Limited: 18th AGM in the Board Room of United Overseas Bank Limited. 30th Storey, UOB Building, No.1 Bonham Street. Raffles Place, Singapore 0104 today at noon. GUINNESS MALAYSIA Berh«d: 24th AGM at Sungei Way Brewery, Petaling j Jaya, Selangor on Tuesday. April 26. at 11am128 words
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615 1988-04-23 15 ROSIE TAN - By ROSIE TAN PROMET BHD, which recently rescheduled its potentially crippling Ms2Bs million debt, plunged into the red, posting a loss of M 513.85 million after tax and minorities, but before extraordinary items, last year. The marine, engineering, construction and property group615 words
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351 1988-04-23 15 MBT LANDMARKS Malaysia's proposed capital reconstruction exercise will result in a cleaner balance sheet and more funds to reduce the group's liabilities. Disclosing this yesterday, managing director Hassan Abas said the reconstruction exercise should see the group return to profitabilityMBT - 351 words
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397 1988-04-23 15 TWO KEY shareholders at Lion Corporation's extraordinary general (EGM) meeting in March will make submissions to the New Zealand Securities Commission on the Lion takeover of L D Nathan Co. Mr Max Gunn, a champion of small shareholders' rights, and Mr397 words
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307 1988-04-23 15 SUIT AGAINST TECK HOCK STANDARD CHARTERED Bank s application to recover loans from troubled coffee trader Teck Hock Co and three of its directors was set aside by the High Court yesterday. Sources said the Standard Chartered suit was filed about one or two months307 words
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224 1988-04-23 15 Bernama FORMER MCA president Tan Koon Swan, his brothers and their family company yesterday withdrew their application to set aside a writ filed against them by Hong-kong-based Ka Wah Bank for damages relating to alleged breach of fiduciary duties The application wasBernama - 224 words
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Article294 1988-04-23 15 I Managers' prices Japan Gr fund 1 59 1 64for April 23 25 Shenton fund 081 OBI Singapore Unit Trust UOB Management U»>f und 0 83 083 The Cowt*e'ce 094 1 00 Unibond 1 00 I 025 The Sov>rtgs fund 080 086 S pee Prog Fjn<j 038 042294 words
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225 1988-04-23 15 MBT TEMERLOH Rubber Estates. which is the subject of a takeover offer by Arishah. will maintain its existing plantation business after completion of the takeover exercise Permata Chartered Merchant Bank, adviser to Arishah. said in a circular to Temerloh's shareholders yesterday that Arishah will notMBT - 225 words
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Page 15 Advertisements
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Advertisement255 1988-04-23 15 Harimau Investments Limited (Incorporated in the Republic of Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the fifteenth Annual General Meeting of the Company will be held at 65 Chulia Street #19-00, Conference Room, OCBC Centre, Singapore 0104 on Monday, 16 May 1988 at 12.00 noon for the purpose255 words
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REGIONAL MARKETS
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289 1988-04-23 16 AFP THE TAIPEI Municipal Government has chosen Matra Transport of France as contractor to build Taiwan's first NT$lO.3 billion medium-capacity transit system. It was announced in Taipei on Thursday the French company was chosen over five other international competitors George Chen,AFP - 289 words
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47 1988-04-23 16 Fiscal first half 1988 Operating revenue Pre-tax profit Bn Yen Bn Yen Nomura 404.4 (-1 3.3 193.7 (-20.1 Daiwa 257.4 (-1 3.8 117.9 (-21.5 Nikko 224.0 (-1 9.0 80.5 (-39.1 Yamaichi 212.8 (-1 4.2 76.8 -33.4 1 Source: AFP47 words
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170 1988-04-23 16 AFP THE OCTOBER stock market crash slashed the combined pre-tax profits of Japan's top four securities firms by 26.7 per cent m the first half of fiscal 1988, according to figures released in Tokyo on Thursday. Half-year reports by Nomura, Daiwa, NikkoAFP - 170 words
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Article77 1988-04-23 16 Reuter MORGAN GRENFELL Australia Ltd. a unit of Morgan Grenfell Group PLC. said it has sold its New Zealand unit to a group headed by the present chief executive. Don Turkington. A joint statement said the net equity requirement of the stock exchange would beReuter - 77 words
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252 1988-04-23 16 Reuter A NEW HKSSO million comprehensive manufacturing complex could set a new trend for overseas investment in China, according to the man behind it. Hongkong-based Clifford Pang's Lafe Holdings Ltd this week opened the Lafe Industrial Park in China s Panyu county toReuter - 252 words
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149 1988-04-23 16 UPI KAWASAKI STEEL CORP. one of Japan's five major steel makers, has concluded a contract with a US computer manufacturer to pave the way for its expansion into the computer marketing. The Tokyo-based company said it will market three types of super-microcomputersUPI - 149 words
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215 1988-04-23 16 AFP A VENEZUELAN company has signed an agreement with Kobe Steel of Japan that would almost double the South American country s steel output capacity by the end of the century, according to an industry executive in Caracas Leopoldo Sucre, the presidentAFP - 215 words
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Article53 1988-04-23 16 Reuter JAPAN'S four major brewers have cut prices of their 500 millilitre measures of beer by 10 yen, reflecting cheaper imported cereals and hops. Kirin Brewery Co Ltd cut its price to 270 yen on Wednesday. Asahi Breweries Ltd. Sapporo Breweries Ltd and Suntory Ltd made identicalReuter - 53 words
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3281 1988-04-23 16 THE Kuala Lumpur stock market advanced for the fourth consecutive session yesterday in active trading. Brokers observed that speculative and lower liners dominated the bulk of the day's interest while selected blue chips rose on fresh support to finish with double-digit increases On the3,281 words
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Article1549 1988-04-23 16 Hongkong Reuter HONGKONG share prices yesterday closed at the day's highest levels on late local buying, brokers said. The Hang Seng Index ended the day 38 64 points higher at 2.591 35 after falling six points in the early afternoon The Hong Kong Index rose 26 85Reuter - 1,549 words
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Article131 1988-04-23 16 APR 22 WON Kai Kangwon Ind Kia Motor ***** 16A00 -200 100 Cheii Sugar ***** •1000 ***** unch Daelim Ind ***** unch Kolon Ind ***** -100 Daewoo Corp ***** 400 Korea Long Term ***** -200 Daewoo Heavy Daishin Securities ***** Lucky Ltd ***** -400 ***** -100 700 Oriental Brewery131 words
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Article477 1988-04-23 16 Reuter TOKYO share prices closed mixed yesterday due to some interest in i consumer demand-related shares, which was countered by profit-taking, brokers said A recently wobbly Wall Street and a lack of fresh positive factors have prevented active buying. "The interest rate situation in the US is unsettling,' saidReuter - 477 words
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Article425 1988-04-23 16 Reuter THE AUSTRALIAN share market closed slightly easier yesterday in dull, featureless trading as investors took to the sidelines ahead of the Anzac long weekend. Brokers said mixed signals from abroad overnight. including weaker bullion and platinum prices, but slightly firmer crude oil and modest gain on Wall Street,Reuter - 425 words
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Article142 1988-04-23 16 Reuter THE SECURITIES Exchange of Thailand Index rose 6.62 points to 398 0 yesterday on a turnover of 5.602.889 shares valued at 668 88 million baht. APR 23 BAHT Ao Kham Thai 212 ♦18 Ayudhya Investment Bangkok Agro-lnd Bangkok Bank 331 ♦2 Bank 01 Ayudhya 348 Charoong That WireReuter - 142 words
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Article257 1988-04-23 16 APR 22 NT 1 *1Kotin 42 00 -08 Kuochan Dev Lee Chang Yuen All Sincere Indus 3 67 01 Chem Indus Asia Cement 78 00 -05 Lien Hwa Indus Cathay Cons 85 00 -1 5 Nan Va Plas Chang Hwa Bank 359 00 -13 Pacific Cons Cheng Loong 66257 words
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Article81 1988-04-23 16 APR 22 PESOS »<- Marsteei Oriental B 0 043 0 005 Acoie Mining Phil Overseas 0 035 0 006 Anglo Phil 0 01 unch Phile» B 040 unch Ape« Mining B Atlas Con 6 Picop B PLOT 168 -3 Baguio Gold San Miguel B 170 unch Basic Petroleum 081 words
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WORLD MARKETS
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Article909 1988-04-23 17 New York Reuter FUTURES-RELATED program trading took the New York stock market for a wild ride on Thursday, zooming ahead early in the session and speeding back again in late trading A reversal towards the close retraced some of the losses and left the market about whereReuter - 909 words
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Article992 1988-04-23 17 London Reuter LONDON shares opened dull yesterday on the last trading day of the current two-week account with prices tending to drift lower after the lacklustre performances overnight on Wall Street and in Tokyo, dealers said. Much of the bid talk which was supporting the market earlierReuter - 992 words
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Article1308 1988-04-23 17 Selected indices HONGKONG Hongkong Index Fridoy 1,***** Thursdoy 1,678 59 Week ogo 1.***** Hang Seng Index Friday 2.591 35 Thursday 2.552 71 Week ago 2.598 95 All Industrial] Friday Thursday Week age NEW YORK Dow Jones Thursday Wednesday Week ogo 2.292 2 2.291 1 2,317 7 1 987 23 11,308 words
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Article65 1988-04-23 17 Reuter OCCIDENTAL PETROLEUM Corps first quarter results will be pleasant news", chairman Armand Hammer told security analysts on Thursday Asked about the results the company expected to report next week, he said "It will be pleasant news President Ray Irani said there would be zero goodwill amortisationReuter - 65 words
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252 1988-04-23 17 FT IN A MAJOR challenge to IBM. Tandy, the leading US electronics manufacturer and retailer, has launched a high-perfor-mance personal computer that clones" IBM s Personal System/2 computers, dubbed the clone killers at their launch a year ago. Tandy isFT - 252 words
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Article648 1988-04-23 17 Trade deficit hangover persists NYT LEO BY International Business Machines, a number of companies have been reporting better-than-expected first quarter earnings Among them are Apple Computer Inc. The Microsoft Corp, The Lotus Development Corp, The Morgan Stanley Group. The First Boston Corp and The AluminumNYT - 648 words
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334 1988-04-23 17 FT GENERAL MOTORS, the world's biggest motor manufacturer, appeared to sutler a setback in the first quarter, despite a jump in the car operations' reported net profits to US$967 million. Although the year-earli-er automotive profits were originally reported asFT - 334 words
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602 1988-04-23 17 NYT CORPORATIONS under takeover attack often entice other bidders into the fray either to fetch a higher price or to end up with a new owner more to their liking. Offering to sell a prized division to aNYT - 602 words
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Page 17 Advertisements
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Advertisement523 1988-04-23 17 NOTICES In the Matter of THE COMPANIES ACT (CHAPTER 50) AND > In the Matter of RAYTONE PTE LTD (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING p NOTICE IS HEREBY o GIVEN that pursuant to C Section 308 of the Compa-1 ci nies Act. Chapter 50. the ps final523 words
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Advertisement146 1988-04-23 17 WALLINS SINGAPORE PTE LTD (In Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap 501 that the Pinal General Meet in* of the Mem»>ers of the abovenamed Company will be held at the Office of M s Wee Sen* Tiong Co.. 1146 words
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Article, Illustration573 1988-04-23 18 RICHARD SEAH - Private sector must play the main part, says PM Lee By RICHARD SEAH in Rome THE ITALIAN ECONOMY was set to take off and East Asia could expect more investment in the rest of the 1980s and in the *****. Prime Minister Lee KuanPicture by YOW YUN WOH - 573 words
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237 1988-04-23 18 AFP SOUTH AFRICAN PRESIDENT Pieter Botha has described moves in the US Congress to toughen sanctions against his country as "a march of folly in international affairs." Mr Botha, 72, interviewed in Cape Town by Allen Neuharth, chairman and founder of the USAAFP - 237 words
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311 1988-04-23 18 AP TWO-THIRDS of people in China surveyed at the end of 1987 thought inflation was "much worse" than six months earlier, but a majority supported economic reform even if it meant higher prices, the official Xinhua news agency said yesterday. Two surveysAP - 311 words
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Article118 1988-04-23 18 AFP CHINA'S private-sector employers sometimes earn up to 14 times more than their employees who are often required to work longer hours for reduced salaries. The China Daily reported in Beijing yesterday that the expansion of the private sector since 1983 has "undoubtedly helped" to revitalise theAFP - 118 words
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176 1988-04-23 18 Reuter SOUTH Korea s trade deficit with Japan is falling as the strong yen and international pressure force Tokyo to open its market to new-ly-mdustrialising countries, trade officials said in Seoul yesterday. The Korea Foreign Trade Association said in a report that SouthReuter - 176 words
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212 1988-04-23 18 A PROPRIETOR. Ong Teow Hong, who broke a court injunction not to deal in fake Dunhill watches, was jailed yesterday for contempt of court. The Judicial Commissioner, Mr Joseph Grimberg, found that Ong, a 32-year-old mother-of-two, had flagrantly breached the law. Mr Alban Kang,212 words
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328 1988-04-23 18 Bernama UMNO BARU expects to process all applications for membership of the party within seven to 10 months Secretary-general Datuk Mohamed Rahmat said in Kuala Lumpur yesterday that it would take between one and two months for the 133 divisions to distribute the formsBernama - 328 words
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302 1988-04-23 18 AFP NEXT month's meeting of foreign ministers from the Asean and the European Community will focus on East-West relations, a senior Thai official said in Bangkok yesterday. Special consideration will be given at the May 2 and 3 meeting in WestAFP - 302 words
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449 1988-04-23 18 TONG SUIT CHEE - By TONG SUIT CHEE THE CONSTRUCTION Industry Development Board has produced a report which highlights export opportunities for local contractors and consultants. Besides the general economic climate of the country concerned. a good indicator is where the World Bank is financing major development projects. Specifically,449 words
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99 1988-04-23 18 AFP PHILIPPINE corporate investment soared 33.2 per cent from a year earlier to 2.36 billion pesos (US$ll2 million) in the first quarter of 1988, a newspaper reported in Manila yesterday. The Business Star said that 2,962 new firms invested 831.4 million pesos (U5539.6 million) in theAFP - 99 words
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Article92 1988-04-23 18 Reuter COMEX GOLD futures opened sharply lower yesterday and broke through key support areas following overnight producer and Middle Eastern selling. June gold traded US$5.OO lower at U*****.20 an ounce, after trading between U*****.40 to US$453 50. Silver futures fell in early dealings, weighed down byReuter - 92 words
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LATE FILE
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43 1988-04-23 18 Reuter SWISS UNEMPLOYMENT held at 0.8 per cent of the working population in March, unchanged from February but down from 0.9 per cent in March 1987, the Swiss Federal Office for Industry, Trade and Labour said yesterday.Reuter - 43 words
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Article32 1988-04-23 18 Reuter PRIME MINISTER Ciriaco de Mita on Thursday won the first of two parliamentary confidence votes for a new government he hopes will end Italy's chronic instability.Reuter - 32 words
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Article27 1988-04-23 18 Reuter DEVELOPING COUNTRIES will press the EC to impose tougher sanctions on Pretoria at a special foreign ministers meeting in Luxembourg next Tuesday.Reuter - 27 words
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Article37 1988-04-23 18 Bernama THE FORMATION of a Cambodian coalition government could be one of the subjects discussed by an all-Khmers "cocktail party a reception which a Vietnamese official yesterday said must include the Khmer Rouge. Berna-Bernama - 37 words
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Article68 1988-04-23 18 Reuter VIETNAM says it is facing virtual famine in some regions after crop failures in 1987 and is appealing to foreign states and agencies for aid. At meetings with potential donors in Hanoi and Bangkok in the last two weeks, senior Vietnamese officials said the country ofReuter - 68 words
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Article42 1988-04-23 18 Reuter EFFORTS by Papua New Guinea Prime Minister Paias Wingti to form an alliance with his main political rival Michael Somare collapsed yesterday. Mr Somare said Mr Wingti had not agreed to include all opposition parliamentary groups ReuterReuter - 42 words
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Page 18 Advertisements
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Advertisement65 1988-04-23 18 When the business is done, have a good sleep on us. Vou r« io com* ant) he or o# up to 10 r\ our prvste rooms art Ce tor /OurMff opto around the world are beginning to experience the ultimate in waterbed comfort. -%JM —i. I Oaraunra k> !>»■» Mvcwo65 words
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Advertisement155 1988-04-23 18 1 Here's cheers... Because you came in droves for our wine tasting on Thursday 21 Double cheers... You loved our wines we know they're good. Three cheers... For St Michael quality vintages. But even if you missed our tasting, it doesn't mean you have to miss out on our wines.155 words
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