The Business Times, 18 June 1988
1988-06-18
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The Business Times
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Title Section12 1988-06-18 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, June 18-19 1988 75 CENTS12 words
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Article267 1988-06-18 1 AP Dow Jones higher NEW YORK stocks moved higher early yesterday in heavy trsding sfter tumbling in the previous session on fears of higher interest rates. The Dow Jones Industrial Average, which slipped 37 points on Thursday, was up 6.93 points at 2,101.17 in the first halfAP - 267 words
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127 1988-06-18 1 AFP JAPANESE companies received the highest number of US patents granted in 1987, according to Intellectual Property Owners Inc, which represents patent and trademark holders. Topping the list with 847 patents was camera maker Canon followed by electronics companies Hitachi with 845 patentsAFP - 127 words
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Article, Illustration214 1988-06-18 1 SHARE PRICES on the Wnpapors stock exchange took their cues from Tokyo's strength and remained resilient, despite a 37.16 drop on Wall Street the previous day following anxieties over future movements of US interest rates. The Straits Times Industrial Index lost only 1.19 points214 words
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547 1988-06-18 1 JOHN TAN - National strategies to be ready by September By JOHN TAN A WORSENING job-hopping situation has prompted the National Productivity Board to form a task force to study and recommend measures to overcome the problem. Job hopping, cited as "a major factor impeding productivity" at547 words
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358 1988-06-18 1 Bernama THE Malaysian Bar Council yesterday called on the government to refer the suspension of Lord President Tun Mohamed Salleh Abas to the Conference of Rulers. Bar Council vice-chairman S Theivanthiran, in a statement released in Kuala Lumpur after a two-hour meeting,Bernama - 358 words
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139 1988-06-18 1 THE AUSTRALIAN DOLLAR soared in Asia's foreign exchange markets yesterday following news that the National Australia Bank had announced that it would be raising its prime lending rate from 14.75 per cent to 15 per cent on Monday. In Tokyo, the US139 words
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251 1988-06-18 1 ANNA TEO - By ANNA TEO ABOUT 10 contractors have been pre-qualified for the Cheng Hong Mansion repair job. They have up to next week to submit tenders for reinforcing the structure of the four-block condominium off Jalan Daud. BT understands that eight or nine specialist contractors251 words
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237 1988-06-18 1 AFP THE MALAYSIAN Hiflh Court yesterday dismissed with costs an application by Prime Minister Mahathir Mohamad for an order requiring the Hongkong-based Far Eastern Economic Review to disclose its source for a news story. Judge Ajaib Singh said Dr MahathirAFP - 237 words
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Page 1 Advertisements
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Advertisement276 1988-06-18 1 Nikon Full report, PAGE 14 Regional markate, PAGE 19 World imrktto, PAGE 17 Mora reports, PAGE 4 WHAT BRINGS TOGETHER Singapore men increasingly interested in cosmetics and the Wodaabe of Africa is the quest for beauty. But the most fundamental questions that beauty raises can be answered only by the276 words
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Advertisement182 1988-06-18 1 Nikon H* M 2 1 MP. Figures of fascination Page 7 Hriml TPM Close encounters of the theft kind Page 7 How to get behind those German labels Page Main and fringe events of the arts fest Page Just who exactly goes to the fest and why? Page 10 TV182 words
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HOME NEWS
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445 1988-06-18 2 TONG SUIT CHEE - By TONG SUIT CHEE TO ENCOURAGE innovations in the construction industry, a new assessment scheme to evaluate new products or processes has been initiated. Called the Construction Technology Assessment Scheme (CTAS), it was unveiled yesterday by the Construction Industry Development Board (CIDB) and the445 words
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137 1988-06-18 2 TWO OPPOSITION PARTIES, the WorkersParty and the Singapore United Malays National Front (PKMS). announced yesterday that they would team up for the coming elections. In a move described as "an alliance short of a merger", WP secretary-general J B Jeyaretnam and PKMS president Ibrahim137 words
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145 1988-06-18 2 THE SINGAPORE Armed Forces (SAF) is thinking of using old blocks of flats slated for demolition for training purposes, Second Minister for Defence (Policy) Dr Yeo Ning Hong said yesterday. This would maximise the usage of land as well as cut the145 words
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315 1988-06-18 2 SHOEB KAGDA - By SHOEB KAGDA GREATER AWARENESS in optical memory technology, or the storage of information on laser operated disks, among local computer users bodes well for the infant industry. This was the view of Dr Desai Narasimhalu, research staff member at the Institute of Systems315 words
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114 1988-06-18 2 FOREIGN EXPERTS on computer graphics will be here for a conference organised by the Nanyang Technological Institute's School of Electrical Electronic Engineering. The first international conference on computer graphics (ICONOG 88) will offer opportunities for researchers and users to share their experiences in computer graphics114 words
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Article, Illustration275 1988-06-18 2 THE SINGAPORE Chinese Chamber of Commerce and Industry (SCCCI) will, in a trade and investment mission to Australia and New Zealand, sell itself as a bridge and a partner for investments in China. "We don't want to be a matchmaker. We275 words
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141 1988-06-18 2 PAVILION Inter-Conti-nental Singapore is now linked to a $15 million computerised reservation system, Global 11, which provides access to detailed profiles of about 100 Inter-Conti-nental hotels worldwide Global 11, the InterContinental Hotels' new worldwide reservations service, was implemented in mid-March. With this system, a141 words
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312 1988-06-18 2 SINGAPORE AIRLINES' plans to start an extra service to Frankfurt have been stalled because an agreement could not be reached at the three-day air talks between Singapore and West Germany which ended yesterday. The Ministry of Communications and Information said that the German delegation312 words
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Article, Illustration355 1988-06-18 2 THE RECENT CALL by Singapore Tourist Promotion Board's chairman Lim Chin Beng to build more hotels received a mixed response yesterday. Agreeing with him was Mr Ng Pock Too, deputy secretarygeneral of the National Trades Union Congress and Political Secretary, Prime Minister's Office. Speaking355 words
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Article1350 1988-06-18 2 AT CONVENTIONAL WHARVES VmmI Berifi Arrival Departure KEPPEL WHARVES Bin Yor Aduo KI5 olongside 1806,7300 Equator III K23 alongside 1806/1200 Eu»i K20 alongside 1906/2300 N'l* KI8 alongside 2006/0600 Straits Hope IC24E alongside 18 06/2300 Ymleng IC33 alongside 18.06/1800 Far Eost Novee KI6 1806/0600 2006/0600 Ferngolf C09 1806/07301,350 words
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Page 2 Advertisements
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Advertisement148 1988-06-18 2 Welcome to the new comforts of home There are changes in the air at Hotel Equatorial Kuala Lumpur. Most important is the total make-over in our rooms and suites, now in a modem, contemporary style that's charmingly comfortable, t A new refreshing look greets you at our lobby. Plush, inviting148 words
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Page 2 Miscellaneous
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Miscellaneous40 1988-06-18 2 Max/ Note Mln (°C) 17/07 Fin* 16/10 Cloudy unav Nassau New Delhi New York Nicosia Oilo Ports Perth Rio 'Janeiro Rom* San Frit'co San Juan Santiago Sao Paulo Seoul Stockholm Sydney Taipei Tokyo T of onto Vancouver Vienna Warsaw Washington40 words
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OVERSEAS
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Article914 1988-06-18 3 ARRIVALS Operator Service Local From number tint* SiA SQ417 0845 DXB/KHI MAS MH651 09)0 PEN MAS MH607 0920 KUL AC AC888 0925 YYZ/LHR/BOM SiA SQ103 0950 KUL CAL CI806 1000 CGK CPA CX710 1015 CGK GiA GA960 1100 CGK SIA SQ105 1105 KUL MA BI421 1130 BWN914 words
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214 1988-06-18 3 Reuter LEADERS OF THE major industrial democracies do not plan to attack Asia's exporting giants at the Toronto summit but will encourage them to play a greater role in the world economy, a senior US official said on Thursday. Assistant US TreasuryReuter - 214 words
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160 1988-06-18 3 AFP THE UNITED STATES will move its military bases from the Philippines if Manila demands "staggering sums of money" from Washington to keep them there. US Secretary of State George Shultz said on Thursday. Mr Shultz told a congressional committee that heAFP - 160 words
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252 1988-06-18 3 AP THE EUROPEAN Parliament on Thursday formally adopted the mutual recognition agreement to be signed between the European Community and Comecon. The agreement will be signed by the 12-nation West European trade bloc and its 10-nation Communist counterpart in Luxembourg on June 25. TheAP - 252 words
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191 1988-06-18 3 Bernama-Antara THE INDONESIAN government has opened wide its door to new investments in the agricultural, livestock, fishery and plantation sectors, according to Minister of Agriculture Wardoyo. Opening a national meeting of the Indonesian Young Businessmen Association in Jakarta on Thursday. he addedBernama-Antara - 191 words
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145 1988-06-18 3 AFP CHINA has ordered officials throughout the country to halt or postpone some expensive construction projects of office buildings and tourist hotels, the New China News Agency (NCNA) said on Thursday. A State Council circular distributed nationwide ordered provincial administrators to "personally" make aAFP - 145 words
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115 1988-06-18 3 AP UNEMPLOYMENT in Britain last month was the lowest for seven years, the Department of Employment said on Thursday. The total of people out of work and claiming unemployment aid was 2.426.874 or 8.7 per cent of the work force, down byAP - 115 words
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Article253 1988-06-18 3 Yeutter sees painful adjustment for other nations AFP THE US could soon begin notching up trade surpluses as a result of a structural realignment among the major industrialised nations, US Trade Representative Clayton Yeutter said. Speaking to reporters in Washington on Thursday prior to nextAFP - 253 words
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210 1988-06-18 3 AFP JAPAN WILL NOT endorse a French proposal to cancel a portion of debts of the world's poorest countries at the upcoming Toronto summit of industrialised nations, a Japanese Foreign Ministry spokesman said on Thursday. But Japan shared the aim of French President FrancoisAFP - 210 words
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Page 3 Advertisements
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Advertisement106 1988-06-18 3 ■WALKING THROUGH his drought damaged corn, Mr Firmin Rottinghauf, 72, calls tha conditions in tha US Midwest "the worst I've seen since 1936". He and most other farmers in the area are suffering through a lack of rainfall that is threatening their crops and livestock. See PAGE 13 fI ja106 words
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Page 3 Miscellaneous
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Miscellaneous59 1988-06-18 3 HI, eveFWN£.'tHßOUM>f€Dl& l ALONG WfTH BARBARA fiNNBOOPsrm, OVSRLOOKJH6 a pficnv >AR «5, THS CDLP MAR IS OVER! FROM THE HILLS OF AFGHANISTAN 7 V THE MARKETS OF SHANGHAI TO THE SWPYARPS OFGOANSK, COMMUNISM AISUJ&KNOU) TT IS IN FULL, OPEN RETREAT! but you GOTTA &VB THOSE sowers credit, PON7XXJ, ROMS* YOUBET.BOOPSe!59 words
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MONEY AND EXCHANGES
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Article462 1988-06-18 4 EURODOLLAR futures opened sharply lower yesterday than the previous close as a result of expectation of higher interest rates in major countries and higher commodity prices. Market looked cautious with participants concerned over the outcome of the G-7 meeting this week. The September contract traded to the high of462 words
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Article246 1988-06-18 4 ASIAN dollar deposit rates closed unchanged after opening firmer across the board in thin trade yesterday. "Rates failed to rise further in the afternoon deepite some borrowing intereet shown by a few Japanese banks," one dealer said. In the morning, overnight fell 1/16 per cent to 7-9/16246 words
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Article163 1988-06-18 4 Gold futures on June 16 100 troy ounces: USS per troy ounce Open Htgh Low Mlt Jan 453.00 455.00 449JO 450.00 -1.90 M 450.90 -1.90 Aug 456.50 459.00 453 90 453.90 -1.90 Oct 462 50 464.00 458.20 459.20 -170 Dac 467.50 469.40 463.20 464.50 -1.60 Fab 89163 words
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Article82 1988-06-18 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID Of FEB HtGH LOW 3 months BQ*****S 15.09.88 3.85 3.80 3.82 3.82 6 months BY*****T 24.11.88 3.82 3.77 1 year BY*****Z 23.3.89 3.82 3.77 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate82 words
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Article1273 1988-06-18 4 SINGAPORE: THE US dollar closed firmer against most major currencies at 3 pm yesterday. Against the Singapore dollar, it closed higher at 2.0240/50 in quiet trading. It traded within a range of 2.0235 and 2.0245. It opened initially at 2.0235/45. Against the DM, the greenback closed at 1.7500/10.1,273 words
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Article273 1988-06-18 4 Reuter IMM CURRENCY futures closed higher on Thursday but near the centre of daily ranges after a thinly traded session marked by choppy price moves. Dollar sales by the Bundesbank and talk that the West German central bank may raise the allocation rate at its next securities repurchase pactReuter - 273 words
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Article, Illustration178 1988-06-18 4 Indicates the average of the prime lending rates of 12 major banks In S'pore Interbank market rates (offer/bid) on June 17 us$ DM SWFC Y«fi 7 doyi 7 9/16 7/16 7 6 3/4 3 7/1- 3/4 3 1/4 3 4 5/16 3/16 1 iwh 7 9/16 7/16178 words
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Article72 1988-06-18 4 THE OVERNIGHT rate on the Singapore money market rose by point to close at 3-3/8 per cent yesterday. The one- and three-month term rates rose 1/16 while the two-month remained unchanged. N S$ Interbank rates l at the close yesterday: OH» to cw night 1 -month 3 3/872 words
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Article1454 1988-06-18 4 CURRENCY FUTURES OPTIONS Friday, Juno 17, 1988 DEUTSCHE MARK (SJMEX) M M call* Mgh Loo So* High M 88 pot Low 1 0O0 M 57 M 5* 60 172A 22 22 2 2 167 22 5 2 15 60 15 58A IS 60 138 235 AM« M Mh HMi1,454 words
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Page 4 Advertisements
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Advertisement34 1988-06-18 4 When the business is done, have m good sleep on us. around the world are beginning to experience the ultimate in waterbed comfort 2 1 1 i *)*£> 9KGAPOHE 2775 T* 7M734# T«ta FAMASY 334 words
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Advertisement9 1988-06-18 4 s BANQUEINDOSUEZ 3 Shenton Way, Shenton House. Singapore 01069 words
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BANKING AND FINANCE
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220 1988-06-18 5 Reuter THE INDUSTRIAL Bank of Japan Ltd, one of Japans three long-term or wholesale banks, is considering boosting its capital by making a major share issue, a bank spokesman said in Tokyo on Thursday. The issue would be aimedReuter - 220 words
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Article154 1988-06-18 5 AFP Reuter THE WORLD BANK has signed two agreements granting US$2O5 million in loans to the Philippines for irrigation and low-cost housing projects. Manila's Foreign Department said on Thursday. A US$l6O million loan will help finance a low-cost urban housing project through a "self-sustaining systemAFP; Reuter - 154 words
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220 1988-06-18 5 Reuter THE high interest rates Texas thrifts and banks pay to attract deposits are falling as regulators close more insolvent institutions. George Barclay, president of the Federal Home Loan Bank, said in an interview that Texas thrifts no longer monopoliseReuter - 220 words
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Article75 1988-06-18 5 AFP WEST GERMANY will urge the creation of a European central bank at the June summit of the European Community, West German Foreign Minister Hans Dietrich Genscher said in Strasbourg on Thursday Mr Genscher, speaking at the European Parliament, said: "The summit must lay theAFP - 75 words
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Article83 1988-06-18 5 Reuter PHILIPPINES' gross international reserves (GIRs) fell to US$l.7B billion at end-May from US$l.Bl billion at end-April, preliminary data from the Philippine central bank show. A senior Central Bank official said yesterday principal and interest payments on the country's US$2B.B billion foreign debt had prevented the bank fromReuter - 83 words
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Article65 1988-06-18 5 Reuter AMERICAN EXPRESS Co s travel unit has been granted permission to operate cash dispensers in the USSR. Its American Express Travel Related Services Co will open its first two automated teller machines in Moscow by September. It said the day-to-day operations of theReuter - 65 words
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Article, Illustration804 1988-06-18 5 Loans may be put on non-accrual basis Reuter ACCOUNTING rules may force big US banks to put Argentine loans on a non-accrual basis soon, but their objective is to ensure that the country tackles much-needed economic reforms, banking sources in New York said. "PlacingReuter - 804 words
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COMMODITIES
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Article216 1988-06-18 5 SINGAPORE THE RUBBER marked closed quietly steady yesterday with July One RSS buyers price quoted at 284.00 cents/kilo, unchanged from Thursday's close. On the TSR-20 market, prices eased slightly in thin trading due to lack of interest. July buyers price closed at 250.00 cents/kilo, down 1.50 cents from Thursday's216 words
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Article276 1988-06-18 5 RAS prices m 3 c*nt*/kg, FOB In bal* B NOON CLOSE Buyers Sellers Buyers Sellers trrt 1 RSS Prompt 285.00 287.00N 284.00 286.00N Int 1 RSS Ju«y 88 285.00 287.00N 284.00 286.00 Int 1 RSS August 286.00 288.00 285.00 287.00 kit 2 RSS OP 283.50 285.50N 282.50276 words
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Article75 1988-06-18 5 (eanti/kg) JULY O OD 00 AUGUST 1988 (currant month) (forword month) NOON NOON RAS Bvy«r> S*ll*ri $St 20 252.00 257.00N 252.00 257.00N SS« 50 250.00 255.00N 250.00 255.00N MRELB •wyart S«U*r> Buyers Sdlm SMR cv 592.00 594.00N 594.00 596.00N SMR I 596.00 *****N 598.00 600.00N SMR 575 words
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Article115 1988-06-18 5 Reuter THE TIN price on the Kuala Lumpur tin market eased a cent yesterday from Thursday to M 518.09 a kg, in moderate trading. A larger offering of 125 tonnes against 121 on Thursday prevented the market from a further rise, dealers said. They said no rationing orReuter - 115 words
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Article78 1988-06-18 5 Reuter CBT SOYBEAN futures closed sharply higher on Thursday from 21-1/2 to three cents a bushel with 4-1/2- year highs and new highs in most contracts. New crop November settled up 141/2 cents at US$9 40. Traders said prices rose the 30 cent a bushel limit early on strongReuter - 78 words
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Article362 1988-06-18 5 HONGKONG: Gold closed slightly higher yesterday on late demand from European investors despite an early round of profit-taking, dealers said. Bullion ended at U*****.50/90 an ounce against New York's close of U*****.00/50 and Thursday's finish in HK of US$453 00/40. Dealers said the metal opened strong but was362 words
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Article87 1988-06-18 5 Reuter CBT SOFT red winter wheat futures closed with sharp losses of 15 to 8-1/2 cents a bushel on Thursday, on or near session lows Spot July settled 15 cents lower at U553.79 after posting a 27 cent range on the day. Prices raced to new contract highs initiallyReuter - 87 words
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Article85 1988-06-18 5 CRUDE held its ground yesterday, but products continued weak. Closing prices for crude (FOB origin) usj/Wr* Otanga Too* (My) 16.45 -0.15 Minot (My) 16^5 w>d« Dubai (My) 14.00 ♦aio W«M T«*a> WD (Myr 1640 0.06 York don pr**tow« day. Products (FOB S'pore) USS/barral Otang* Kf oww 19.1585 words
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233 1988-06-18 5 AFP SOUTH KOREA has concluded several contracts to buy crude oil and pig iron directly from China, and an agreement to buy Chinese aluminium will be signed shortly, officials yesterday. Two officials from the South Korean government office of procurement visitedAFP - 233 words
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Article295 1988-06-18 5 London Commodity Exchange Buyer/Seller dosing prices on June 16 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee taiii in-ttore Londc m, tellert option CIF London M 1129/1130 (1127/1129) High/Low 1142/1123 Sep 1142/1143 (1137/***** High/Low 1152/1135 Salts (1672) Cocoa M 894/895 (918/919) High/low 918/894 Sep 913/914 (941/952) High/Low295 words
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112 1988-06-18 5 Reuter CHINA warned yesterday that output of coal, the country's main energy source, was falling way behind demand and that shortages would worsen, threatening industrial production. The official Economic Information newspaper said coal had been in short supply in south China since the winter,Reuter - 112 words
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Article425 1988-06-18 5 Bernama CRUDE PALM OIL FUTURES closed steadier in active trading onthe KLCE yesterday. The market opened higher on firm leads from the Chicago Board of Trade and brisk buying interest following the dry weather in the soyabean and corn growing states of the US. Values roee between MsloBernama - 425 words
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Article239 1988-06-18 5 Chinese Produce Exchange Sellers' noon closing prices on June 17 (SS/100 kg) Coconut oil ftutk FOB 118.00 Old drum FOB 128.00 New drum FOB 132.00 Copra Mixed (loose) 67 sellers Pepper Muntok white FOB NIW 1105.00 Sarawak white FOB faq NIW 1090 00 Sarawak special block FOB NIW239 words
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PERSPECTIVE
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Article490 1988-06-18 6 ACCORDING TO A RECENT REPORT, more Singapore men are going in for makeup nowadays. While some men stop at the moisturiser, the more adventurous are using mascara, rouge, lipstick, foundation and eyeliner. All in all, increasing numbers of men are entering a realm which, till recently, was490 words
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Article, Illustration1644 1988-06-18 6 RANDALL ROTHENBERG - In a landmark ruling on Monday, a US federal jury in Newark has, for the first time ever, found a tobacco company liable for contributing to a smoker's death. RANDALL ROTHENBERG discusses the implications of the Rose Cipollone case for both tobacco companies and consumers. RANDALLNYT - 1,644 words
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Article, Illustration644 1988-06-18 6 NYT AS EARLY as 1946, 20 years before warning labels went on cigarette packages, American tobacco companies were worried that cigarettes could cause cancer. And in the *****, when independent researchers began publishing major studies on the health hazards of smoking, the companies began parallel andNYT - 644 words
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Article90 1988-06-18 6 D W Distant - Letter to the Editor D W Distant Dear Sir, Like adjacent Somerset and Newton stations, the Orchard Mass Rapid Transit station has many users who are pregnant, elderly, disabled or just shopping weary. Unlike passengers at Somerset and Newton stations, those at Orchard cannot sit90 words
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Page 6 Miscellaneous
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Miscellaneous753 1988-06-18 6 CRYPTIC PUZZLE ACROSS 9 When the match begins in the early afternoon (5, 3) 10 Mean to hit back (3) 11 He's on the green side (6) 12 When you have a date with, there are whispers (6) 13 Six children I see in apparitions (7) 14 The name "John",753 words
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Executive Lifestyle
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Article327 1988-06-18 7 EVER SO OFTEN, we hear about food hawkers driving Mercedes Benz cars and wearing gold Roiex watches. This is a variation. A hawker had gone to a specialist for treatment and the specialist, without being asked, volunteered a discount on the consultation fee. The specialist chanced327 words
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Article, Illustration879 1988-06-18 7 LINDA CHEE - Some would say they look ghastly, even eerie. Some would say they're sights to behold. But all would agree that they don't come cheap. Antique porcelain figurines and dolls don't claim a large following in Singapore. But the few who do dabble in the hobby are serious879 words
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Article, Illustration750 1988-06-18 7 TIANG PEK YIN - With TIANG PEK YIN IT CANT be easy being a burglar. At least, not on the street where I live. Of late, it seems to have become a popular haunt for crooks. My house, for example, was burglarised not once, but twice. (No, I750 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration597 1988-06-18 8 Linda Chee - -by Linda Chee NO CHILD'S play, dolls. There's even a scientific name attached to collecting them. Dollology. Since the *****, adults all over the world have been collecting dolls, both as a hobby and, in recent years, for investment. Prices have risen so rapidlyPictures by courtesy of Petnic's Enterprise and JUDY LYE - 597 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration806 1988-06-18 9 N K YONG - By N K YONG GERMAN WINES suffer from neglect because they are sweet wines, and few people like to drink sweet wines with their food. Another major cause is the difficulty in deciphering their labels, compounded by the Gothic script they use.806 words
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Article433 1988-06-18 9 SINGAPORE FESTIVAL OFARTS M 1 DANCE: PUobolua Donee Theatre. Today and tomorrow. Bpm. Victoria Theatre. The theatre s innovative, humorous and virtuosic movements has created a new definition of dance. Tickets for today's performance sold out. For tomorrow's performance, $30 tickets still available. Kathak Kendra. Today and tomorrow.433 words
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Article, Illustration1061 1988-06-18 9 TODAY: Sadtl And Frtanda. Ipm. Tangs forecourt. A concert featuring funky jazz music. Free. Attka Mlndan. 3pm. Raffles City atrium. The group will perform contemporary Malay dances like the Kerincing and Rampaian. Free. St Andraw'a Soclaty Scottish Dancara. 3pm. Forum Galleria. Scottish dances by families of Scottish expatriates.1,061 words
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Article, Illustration684 1988-06-18 10 CATHARINE FERNANDO - By CATHARINE FERNANDO JUNE IS MIDSUMMER In Singapore, a hot humid month traditionally devoted to weddings, school holidays, and more recently, the arts festival. Where before people took time off from work to do things with their children, today, they take leave from work684 words
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Executive Lifestyle: Festival of Arts
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Article, Illustration606 1988-06-18 11 LISA LEE - By LISA LEE I WAS LATE grabbed my change from the cabdriver and rushed up the steps of Victoria Theatre on that humid Sunday night. At the programme stand, a young girl with a bunch of orchids greets me by name, one of the young606 words
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462 1988-06-18 11 JAIME LYE - By JAIME LYE IF PETER WAS CAUGHT between good and evil, Eleanor Wong was caught between the 1980s and Max Le Blond. At least Peter was rescued in the end by his own innate individuality. Eleanor, on the other hand, was buried by a462 words
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Article, Illustration444 1988-06-18 11 CLAIRE LEOW - By CLAIRE LEOW EMOTIONALLY CONFUSING, aesthetically innovative and easily the kookiest thing I've seen this arts festival. On top of that, witty and fun, if not always accessible. That's Pltoboiu* Danea Theatre for you. By some quirk of imagination, the group s name was inspired by a type444 words
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Executive Lifestyle: Sports
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Article440 1988-06-18 12 JEROME FANDOR - on 5*58 TMCK With JEROME FANDOR IT IS A CARNIVAL, this Penang meeting just 11 professional races, four fun-loving amateur ones and the usual, casual Penang holiday spirit. Leading trainer Malcolm Thwaites has scratched most of his stars since last week's disappointment with the speculation440 words
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Article314 1988-06-18 12 Mike Thumba - Bridge By Mike Thumba THE FIRST Far East Bridge Congress ended last Sunday with a grand dinner presided over by the Singapore Contract Bridge Association at the Hyatt Hotel. The 250 guests and players included the guest of honour, Mr Phua Bah Lee, Parliamentary Secretary to314 words
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339 1988-06-18 12 Dennis Conner to test lighter wing for Stars Stripes YACHTING UPI THE SPACE-AGE WING that powers Dennis Conner's Americas Cup catamaran will be replaced with a second wing better suited for the winds off San Diego, the Stars Stripes team announced on Thursday evening. The U*****,000 hard sail, which looksUPI - 339 words
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Article, Illustration441 1988-06-18 12 BASKETBALL Reuter THE Detroit Pistons overcame a red-hot Lakers' start to score a 104-94 win over Los Angeles on Thursday night and move within one victory of the National Basketball Association (NBA) championship. Los Angeles rushed out to a 12-0 lead at the start but DetroitReuter - 441 words
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Article, Illustration555 1988-06-18 12 GOLF Reuter SANDY LYLE of Britain birdied two of the last three holes on Thursday to share the first-round lead in the US Open golf championship in Brookline with Americans Bob Gilder and Mike Nicolette. Lyle, theReuter - 555 words
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Article175 1988-06-18 12 RACING Reuter BRITAIN'S Jonathan Palmer said on Thursday that his best chance of victory this year in his normally aspirated Tyrrell racing car will be at the US Grand Prix in Detroit tomorrow. "I'm excited about the race." Palmer said. "I wouldn't want to missReuter - 175 words
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304 1988-06-18 12 CRICKET AP ENGLISH PACEMAN Graham Dilley routed the West Indies in the first day's play of the second Test match at Lord's on Thursday to cement his standing as his country's number one strike bowler. Dilley. so often plaguedAP - 304 words
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Executive Lifestyle: Personal Investment
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Article, Illustration567 1988-06-18 13 CURRENCIES AND METALS Keeping trade... WHILE fundamentalists continue to argue about whether rising mine output has sapped the strength of gold, a few technical analysts appear quite confident the metal is headed higher. Studying price charts to determine future trends, the technicalSource: Data & Company Ltd - 567 words
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252 1988-06-18 13 COMPETITIONS STOCKBROKER Paul Morgan Associates continues to lead in the Great Investment Race, a financial competition being played by professionals for charity. Since the start of the games on May 14, Paul Morgan has widened its lead against the other eight competitors considerably.252 words
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Article, Illustration321 1988-06-18 13 RC - fi§& -by RC THE LONGER the Straits Times Industrial Index stays up and the local stockmarket refuses to correct itself, the more nervous investors become. Nervous not about a crash, but about missing out on the best bull market revival following last year'sSource: Investamatic - 321 words
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Article512 1988-06-18 13 RAMESH CHANDIRAMANI - U.S. COMMODITIES By RAMESH CHANDIRAMANI TIME IS SLOWLY running out, and there appears to be very little that farmers in the midwestern states of America can do without rain. The nation continues to suffer one of the worst dry spells of this century, and large512 words
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567 1988-06-18 13 ECONOMIES THE MALAYSIAN economy is expected to grow by 7 per cent this year against an estimated 5.2 per cent in 1987, says local stockbroking firm Kay Hian Co (Pte). This forecast is a drastic revision of an earlier estimate of 3.5567 words
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Page 7 Advertisements
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Advertisement72 1988-06-18 7 Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE >- .v- V <■ *k m, u /> < /5 %LJ 4 J J! sz T-^7 r ;s V<Tv V s \v\ V BlancpaiN Exclusively at THE HOUR GLASS: Singapore I m *•> I'laza Uill72 words
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Page 8 Advertisements
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Advertisement796 1988-06-18 8 COURVOISIERXO -wi 111 TC I VI.I UM Pick a winner at Royal Holiday Innauthentic Hongkong dianxin When you've tried our fine selection of dianxin delicacies, you'll agree that it is among the best outside of Hongkong, its land of origin. Prepared with fresh, quality ingredients, you can't expect less Available796 words
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Advertisement136 1988-06-18 8 ap. rP Join us as we start the exciting search for the most beautiful girl in the world. 9.00 pm at the c7£asßafi> Look out for the Grand Finals to be held at Neptune Theatre Restaurant on Friday Sept 16 at 7.00 pm. flB 1 4K m<3^ la (WtrWrfm Weapcrvs136 words
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Page 9 Advertisements
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Advertisement316 1988-06-18 9 N1 m .4 n- j. j 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 salad316 words
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Advertisement320 1988-06-18 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM W For between $26++ and $40+ you can select from our appetiser OKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish with320 words
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Advertisement18 1988-06-18 9 o o c o (XI CTJ o VjHG e C fife®** 0<c ,aP°' e SioS -,oo^ b^ 718 words
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Page 10 Miscellaneous
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Miscellaneous1773 1988-06-18 10 SLOTS TO WATCH Chevalier, Einstein and Scandinavia Movies ROSEMARY CLOONEY does the singing, while Sondra Locke does the acting in Rosie: The Rosemary Clooney Story. In the vein of The Buddy Holly Story, Elvis and other autobiographical films, this straightforward adaptation of Clooney's life story traces the singer's career from1,773 words
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Miscellaneous1032 1988-06-18 10 Saturday BBC 88.9 mHz in VHF Band II 6AM World News 6.09 The World Today. 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 8.15 Ra dio Newsreel 8.30 Personal View 8.451,032 words
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Page 11 Advertisements
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Advertisement369 1988-06-18 11 MA YFAIR SUITES SCOTTS HALL, CANNING HALL SOMERSET COURT TOTAL AREA 191 sq. m (TYPICAL UNIT) 2056 sq. ft. All areas art approximate and lubiect to final survey I II riruin m m qAo I DINING ROOM It' a nnfin I MASTfcR BtDROOM m BALCONY 2 BALCONI RESIDENCY SUITES CAMELOT369 words
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Page 12 Advertisements
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Advertisement174 1988-06-18 12 I If you are not in the league that [allows you to sponsor animals at the Zoo, perhaps it's because you are not a regular BT reader. Successful executives know the lyalue of keeping abreast of what is in the complex world of B business. That's why they subscribe W174 words
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Advertisement11 1988-06-18 12 Whafc common between theSeoulOjym|Mcs& thefthlhnes Inter-Business House Athletics Meet inSeptembec SPORTSMANSHIP11 words
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Page 13 Advertisements
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Advertisement1143 1988-06-18 13 ISLAND FINANCE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31ST DECEMBER, I*7 SHARE CAPITAL AND RESERVES Share Capital Statutory Reserve Revenue Reserve Unappropriated Profit Represented By: FIXED ASSETS LOAN DEBTORS DUE AFTER 12 MONTHS CURRENT ASSETS Loan Debtors Due Within 12 Months Income Receivable Statutory Deposit1,143 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4838 1988-06-18 14 PROFIT-TAKERS dominated grading yesterday following the downturn on Wall Street, but bouts of bargain-hunting for lower-liners managed to buffet .the market from the bearish sentiment. oi After losing some ground in -the first hour, share prices recovered towards midday but eventually closed marginally iower on4,838 words
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Page 14 Advertisements
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Advertisement14 1988-06-18 14 Unit Trust* tabte, Pag* 15; Business don* on ths BE3, Psgss 15 ft 1614 words
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COMPANY NEWS
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Article, Illustration552 1988-06-18 15 wsm By HOCK LOCK SIEW ONE of the longest courtships in Singapore's corporate history is finally over. After two years and two tries, the Hong-kong-based Wharf (Holdings) has finally regained majority control of Hotel Marco Polo (HMP). a former subsidiary it floated inBy HOCK LOCK SIEW - 552 words
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204 1988-06-18 15 NST LANDMARKS Holdings Bhd has lodged a report with the Malaysian police commercial crime division against various persons and has also instituted civil proceedings against certain parties for loss and damage suffered by the company. Chairman Tan Sri Muhammad Ghazali Shafie, in his latestNST - 204 words
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132 1988-06-18 15 MBT DREAMLAND Holdings, a leading manufacturer of spring mattresses, intends to set up joint ventures in 14 cities in China to expand its operations there. At a press briefing in Kuala Lumpur on Thursday, Dreamland executive chairman Tunku Abdul Rahman IbniMBT - 132 words
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176 1988-06-18 15 MBT KECK SENG (M) Bhd. which started as a plantation company, derived the largest portion of its group profit from property development last year. Although it has invested more in plantations than in any other sector, its property development division contributed MMBT - 176 words
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Article4848 1988-06-18 15 BIO 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 unJess otherwise specified. All Time Settlement Contracts are quoted after the word "SETT".4,848 words
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Article, Illustration572 1988-06-18 15 LEE HAN SHIH - JAPANESE AND HONGKONG BUYERS INTERESTED By LEE HAN SHIH AFTER three months in the hands of receivers, the Hotel Meridien along Orchard Road is being put on the market. Sources said the receivers, Arthur Anderson Co, have discreetly approached a number of merchant572 words
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375 1988-06-18 15 LISA LEE - By LISA LEE IPOH-BASED property developer IGB Corp Bhd has received approval from the Australian Corporate Affairs Commission to list its subsidiary Down Under. Ipoh Garden (Australia) Ltd (IGA), IGB Corps 90 per cent-owned subsidiary, was given the green light375 words
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Article272 1988-06-18 15 Monogers' prices for June 18 20 Jopon Gr Fund 1 61 Shenton Thrift Fund 0M5 1.66 0845 Singapore Unit Trust UOB Management Untfund 0915 0.915 The Commerce 099 105* Untbond 01 1035 The Savings Fund 087 093 S'pore Prog Fund S'pore Sec Fund 042 069 046 074 MARA-Bumiputra272 words
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154 1988-06-18 15 Bonvests qualifications in annual report relate to subsidiary BONVESTS Holdings Ltd has explained that the qualifications In the auditor's report in its latest annual report relate to its subsidiary Bon-Food Pte Ltd. tbe franchise holder for Burger King. Bonvests said it had recenfly acquired the remaining 6 per cent equity154 words
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Page 15 Advertisements
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Advertisement307 1988-06-18 15 MAINLY INVESTMENTS PRIVATE LIMITED (In Members' Voluntary Liquidation) Special Resolutions NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of MAINLY INVESTMENTS PRIVATE LIMITED duly convened and held at 141 Middle Road. #06-03 GSM Building, Singapore 0718, on 15 June 1968 the following Special Resolutions were duly passed:— 1.307 words
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Advertisement354 1988-06-18 15 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PRODUCTION MACHINES MANUFACTURING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 6 Battery Road #32-00. Standard Chartered Bank Building, Singapore 0104 on 9 June 1988,354 words
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Advertisement242 1988-06-18 15 NOTICES FOR SALE PARTICLE BOARD PLANT WITH LAMINATING LINE Modern second hand particle board (chip- i board) plant machinery, in very good con- dition. for sale in Scandinavia. Most of the equipments manufactured 1978. Press-size: 2610 x 5150 mm. single opening Capacity: 80 m 3/ 23 hours. LAMINATING-LINE for i.e.242 words
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Advertisement333 1988-06-18 15 IN THE MATTER OP THE COMPANIES ACT. (CHAPTER 90) AND IN THE MATTER OP GOLD VICTORY MARINE LINE PTE LTD (Incorporated In the j Republic of Singapore) l (In members' voluntary winding np) At an extraordinary general meeting of member* of GOLD VICTORY MARD® LINE PTE LTD duly convened and333 words
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REGIONAL MARKETS
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382 1988-06-18 16 San Miguel leads the pack AFP THE PHILIPPINES' top 1,000 corporations posted a 10.6 per cent increase in gross revenues last year, with the brewery-based San Miguel Corp the most profitable firm, an official report said yesterday. The Securities and Exchange Commission, aAFP - 382 words
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Article3801 1988-06-18 16 THE KUALA LUMPUR stock market continued its run-up for the fourth consecutive session yesterday, lifting prices to higher ground in active trading despite a hesitant start. A broker described the market performance as strong and noted that there was sufficient momentum to push the market3,801 words
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132 1988-06-18 16 Reuter THE NEW ZEALAND Stock Exchange has said it will not publish the result of an investigation into discrepancies in prices reported by brokers. "I am not able to make any comment," the exchange's executive director Roger Gill said "The matter is endedReuter - 132 words
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Article1403 1988-06-18 16 Hongkong STRONG GAINS in Tokyo reversed earlier losses in Hongkong yesterday, brokers said. The Hang Seng Index rose 24.52 points to 2,718.02 and the Hong Kong Index 16.42 to 1,800.17. Turnover was HKJI.7 billion. Brokers said they were cheered that the Hang Seng Index closed above 2,700,1,403 words
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Article133 1988-06-18 16 JUWi 17 WON J**' Sugar ***** uncti m '"<1 ***** 250C Daawoo Corp ***** unc* S !T >0 i** v 21S00 +200 D«i«Wn Sacuritiaa ***** -100 Dong Ah Phar ***** 250 Dong Su* Stock ***** Donobu Steal ***** 300 Star ***** 4300 HarWI Bank ***** 300 HmN Camant u133 words
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Article507 1988-06-18 16 Reuter TOKYO share prices yesterday finished at a record high close after brisk trade, but were down from the day's peak, brokers said. The Nikkei Index rose 195.14 points, or 0.68 per cent, to 28,342.46. It peaked at 28,384.72 in mid-afternoon. On Thursday, it rose 53.80 to a recordReuter - 507 words
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Article461 1988-06-18 16 Reuter AUSTRALIAN shares staged a late rally yesterday to end slightly firmer after being buffeted by a downturn on Wall Street overnight and a blow-out in Australia's May trade account brokers said. They noted that early profit-taking among leading industrials was replaced by selective demand for miners, which pushedReuter - 461 words
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Article167 1988-06-18 16 Reuter THE SECURITIES Exchange of Thailand Index fell 0.76 to 460.18 on a turnover of 8,046,410 shares worth 949.01 million baht. Reuter JUNE 17 1 Ao Kham Thai Ayudhya Invaatmant Bangkok Agro-lry) IAHT 300 460 140 +2 •16 -3 Bangkok Bank Bank Of Ayudhya Cftaroong Thai Wira A CatotaReuter - 167 words
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Article290 1988-06-18 16 JUNE 17 NT All Sincara Indus Ant C#m«nl C«tn«y Con* Chang Hwa Bank Chang Loong Chia Hain Cement Chin Hain Flour China Chan China Dav China Elect Wire China Gull Plaa China Rebar China Steal Chung Hwa Pulp Chung Shing Tax Far Eaat Depl Far Eaat Tax First Bank290 words
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Article97 1988-06-18 16 JUNE 17 PESOS Aco|« Mining Anglo Phil ***** *0 0006 Apex Mining B 0 043 unch Atlas Con B 22 75 ■0.75 Baguio Gold Basic Patrolaum 0 022 unch Banguat Con B 102 7 First Phil Hldgs 9 50 -01 Lspanto B 046 unch Marcoppsr 080 -0 15 Mars97 words
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WORLD MARKETS
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Article1037 1988-06-18 17 New York Reuter WALL STREET stocks fell sharply on Thursday as rumours about interest rate hikes abroad intruded on Wall Street's recent rally. Heavy selling in the dollar and bond markets and further commodity price gains reignited investors' interest rate and inflation phobias, triggering profit taking.Reuter - 1,037 words
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Article1047 1988-06-18 17 London Reuter WALL STREET continued to exert a major influence over the UK market yesterday with its sharp fall overnight prompting an early round of markdowns, dealers said. The FTSE 100 opened 8.5 points lower at 1,853.4 with a modest 44 million shares exchanged in theReuter - 1,047 words
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Article1124 1988-06-18 17 Selected indices HONGKONG Hongkong Index Friday tCD. 17 Thursday 1.783.75 Week ago 1.754 47 All Industrials Friday 2.5261 Thursday 2,5278 Week ogo 2.496 3 NEW YORK Hong Seng Index Friday 2.***** Thursday 2.693 50 Weak ogo 2.647 42 Dow Jones Thursday 2.094 24 Wednesday 2.131 40 Week ogo 2.***** TOKYO1,124 words
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Article96 1988-06-18 17 CANADIAN petrochemical company Polysar Ltd on Thursday accepted a US$l.64 billion takeover offer from Nova Corp of Alberta, creating a major international petrochemical and plastics producer. The agreement is subject to Polysar shareholder approval. Nova is offering US$l2 plus half of one of its own shares96 words
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Article, Illustration1339 1988-06-18 17 US stock market still showing up similarities The Economist "IT WAS like the thunderstorm on a summer day; full of sound t and fury, signifying nothing." That was how one veteran New York investor bastardised William Shakespeare to describe Wall Street's reactionThe Economist; Source: The Economist - 1,339 words
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Article375 1988-06-18 17 Reuter TEXACO INC has agreed to sell a half-interest in its eastern and south-eastern US refining and marketing system to Saudi Arabia for US$BOO million, Texaco said on Thursday. The deal, also announced by Saudi Oil Minister Hisham Nazer, gives the Kingdom a longsought roleReuter - 375 words
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Article170 1988-06-18 17 Reuter SAATCHI and Saatchi Co Pic is planning to raise £176.5 million in a rights issue of preference shares and is making a tender offer for US information and data supplier Gartner Group Inc The cash call is being made on the basis of one preferenceReuter - 170 words
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356 1988-06-18 17 NYT MOVING DEEPER into the plastics business, the General Electric Co said that it had agreed to buy the Borg-Warner Corps chemical business for US$2.3 billion in cash. General Electric said that plastics had become one of the fastest-growing businesses and that its purchaseNYT - 356 words
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Article165 1988-06-18 17 Reuter BRITISH GAS PLC. one of Britain's biggest companies, on Thursday reported pre-tax profits of £1.26 billion in its first full financial year since being privatised in 1986. It said the results showed underlying growth despite low gas prices and mild weather last winter. EnergyReuter - 165 words
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Article, Illustration570 1988-06-18 18 Impact on workload minor THE Housing and Development Board (HOB) has assured its staff that there is "really no reason for any undue alarm" over recent policy changes as they will only have a minor impact on the board's workload. In a recent570 words
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460 1988-06-18 18 SOH TIANG KENG - By SOH TIANG KENG TAXES collected by the Inland Revenue Department (IRD) have shot up for the first time in three years thanks to Singapore's robust economic recovery from its worst recession in 20 years. The latest government statistics460 words
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158 1988-06-18 18 Reuter FINANCE MINISTER Peter Walsh said he is disturbed by "gamblers" bidding up the value of the Australian dollar. "A gamblers' ethos has been all too pervasive in the Australian business sector," he told a conference of tax specialists, adding that speculation had hurt Australia'sReuter - 158 words
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259 1988-06-18 18 UPI THE BOEING CO moved a step closer on Wednesday to entering an entirely new market for its new-generation aircraft the airlines of such Communist bloc countries as Poland and Rumania. Until now, Western airplane manufacturers like Boeing have been barred byUPI - 259 words
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287 1988-06-18 18 Reuter, AFP SOUTH KOREA plans to form an investment trust company later this year to specialise in buying foreign securities, a Finance Ministry spokesman said in Seoul yesterday. The ministry is drafting revised foreign exchange laws to pave the way for theReuter,; AFP - 287 words
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186 1988-06-18 18 Bernama-Reuter INDONESIAN Finance Minister Johannes Sumarlin said it would be difficult for his country to achieve 5 per cent growth in the gross domestic product (GDP) in the year to next March 31, but it might manage around 4 per cent. Asked if heBernama-Reuter - 186 words
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Article62 1988-06-18 18 AFP BONO CORP Holdings Ltd said yesterday it had secured British and Hongkong funding packages for its A 5525 million (US$423 million) takeover of Bell Group Ltd. The flagship company of Australian businessman Alan Bond had accepted funding packages from Britain's Midland Bank PLCAFP - 62 words
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169 1988-06-18 18 Reuter A GROUP of Japanese lawyers has sent documents to the United Nations alleging Japanese police tortured suspects, denied them access to lawyers and detained them without trial. "Our bar association has received many complaints of torture by police," Ms Futaba Igarashi of the AssociationReuter - 169 words
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481 1988-06-18 18 UPI THE FOREIGN ministers of Vietnam and Thailand reached agreement yesterday on major aspects of a settlement of the Cambodian conflict, taking "an important step towards peace" in South-east Asia. The ministers said their meeting cleared the way for peace talksUPI - 481 words
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89 1988-06-18 18 Bernama MALAYSIAN Information Minister Datuk Mohamed Rahmat said that the Johor government will find a suitable site for the construction of a bridge linking the state with Singapore. However, he said he himself did not have any information on the matter. He wasBernama - 89 words
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Article88 1988-06-18 18 Reuter COMEX gold futures held minor gains in extremely slow dealings early yesterday, as traders looked for clues on the opening trend of Chicago grains. In the first hour, August gold was up US$O.7O to U*****.60 an ounce after a narrow range of U*****.10 to U*****.50.Reuter - 88 words
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LATE FILE
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Article35 1988-06-18 18 Reuter JAPAN may scrap an accord opaninfl its construction projects to foreign bids if Washington blocks outside participation in federal US projects, sccording to Construction Minister Ihei Ochi yesterday. ReuterReuter - 35 words
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36 1988-06-18 18 UPI VIETNAM'S national economy has "collapsed" due to huge government subsidies for badly-managed state enterprises snd cooperatives, according to Nguyen Van Linh, secretary general of the Vietnamese Communist Party yesterday. UP!UPI - 36 words
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Article38 1988-06-18 18 AFP A FILIPINO MILITARY court yesterday opened the trial of 130 military officers and men allegedly involved in the bloody failed coup attempt against the government of President Corazon Aquino last Aug 28. AFPAFP - 38 words
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Article51 1988-06-18 18 Reuter THE United Arab Emirate* (UAE) has rejected its oil production quota agreed at the Opec meeting on Tueaday as tar too small. Oil Minister Mana Said Al-Oteiba was quoted as saying on Thursday that a figure more than SO per cent higher was reasonableReuter - 51 words
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Article28 1988-06-18 18 AFP AUSTRALIA'S current account deficit widened from US$7OO million a year earlier to US$B5O million in May, according to the Australian Bureau of Statistics yesterday.AFP - 28 words
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Article45 1988-06-18 18 AP BRITAIN'S annual rata of inflation roee in May from 3.0 per cent to 4.2 per cent, its highest level since October 1087. The Department of Employment yesterday aaid higher clothing and food pricea puahed the Retail Price Index up. APAP - 45 words
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Page 18 Advertisements
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Advertisement44 1988-06-18 18 APPOtJTMENT The largest Banking Recruitment Specialist group in Asia is looking for a RECRUITMENT CONSULTANT for its Singapore Office Please apply in confidence to: Jonathan Wren Executive Recruitment Re Ltd 105 Cecil Street #15-03 The Octagon Singapore 0106 Jonathan Wren Executive Recruitment Pte Ltd44 words
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Advertisement24 1988-06-18 18 f 9 Levels I 2 Ccntrcpoint.. Orchard Road. Singapore 0923 Tel 734 1800 Open from 10 30 am to 8 30 pm dn ly24 words
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