The Business Times, 16 July 1988
1988-07-16
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The Business Times
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Title Section12 1988-07-16 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, July 16-17 1988 75 CENTS12 words
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Article268 1988-07-16 1 AFP Dow dips BLUE CHIPS on Wall Street turned lower in early trading yesterday after failing to sustain a moderate gain encouraged by the marginally better than expected May trade deficit of US$10.93 billion. Traders said nervousness about the expiration of July options was scaring away someAFP - 268 words
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117 1988-07-16 1 THE DOLLAR, which has recovered sharply from historic lows in January, moved higher yesterday in reaction to a smaller-than-expected widening of the US May trade deficit. Despite its rally, it remains 45 per cent down against the mark and almost 50 per117 words
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Article, Illustration222 1988-07-16 1 JEFFREY TSANG - By JEFFREY TSANG THE PORSCHE 959 costs $1.8 million. But it won't be the most valuable car at the Singapore Motor Show which opens at the World Trade Centre on Wednesday. There will be a range of one-of-a-kind cars which are priceless because222 words
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Article, Illustration228 1988-07-16 1 SHARE PRICES continued their rise on the Singapore stock market yesterday on active bargain hunting. Turnover was the highest since the start of the new trading system. Market sentiment was apparently aided by higher Wall Street prices after the US stock market shrugged off a228 words
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401 1988-07-16 1 ELAINE KOH - Domestic capital market still not truly sophisticated By ELAINE KOH DESPITE PASSING the Pan-Elec-tric "test of fire" with flying colours, the revamped Stock Exchange of Singapore has some way to go in building up a sophisticated capital market, said Brigadier-General (Res)401 words
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208 1988-07-16 1 MR J Y PILLAY, managing director of the Monetary Authority of Singapore, envisages a future where Singapore will be the home of a dynamic international stockbroking industry linked to other internationally-oriented securities trading centres worldwide and operating 24 hours. Speaking at the Stock208 words
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484 1988-07-16 1 ANNA TEO - By ANNA TEO EMPLOYERS, including those facing severe worker shortage, must observe National Wages Council guidelines on wage increases, says the Singapore National Employers Federation. Companies with flexible wage systems should not go into any re-negotiations with unions to pay more than what484 words
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Page 1 Advertisements
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Advertisement275 1988-07-16 1 Nikon Tho Wortd't FH»st PftotnpMc Spsto* Full reports, PAGE 14 Regional Mfcts, PAGE 16 Work) Mkts, PAGE 17 LITERATURE, or any of the other arts, cannot destroy hope because If hope is gone, there remains only the formlessness of chaos, and all art Is a protest against chaos. LEADER, Page275 words
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Advertisement233 1988-07-16 1 Nikon Tbt Mtortt's MbMf W>o<i|r»>lt Sywtmm ExtCisX*i/C V f:i W r. a i p ,?v f r 4< •*<> R Paradise Page 7 M ill TpM The trauma of reaching 30 Page 7 What's in a microwave? Page 9 Eating through three hours Page 9 When a cop and a233 words
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HOME NEWS
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Article, Illustration562 1988-07-16 2 JEFFREY TSANG - By JEFFREY TSANG WHILE SOME of the larger disk drive manufacturers in Singapore are said to be rationalising operations, Conner Peripherals, a relative newcomer, is accelerating its expansion plans. Demand has been so great for its 314-inch disk drives that the company will expand its562 words
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388 1988-07-16 2 MARTIN SOONG - By MARTIN SOONG RESPONSIBILITY is a dirty word for Howard Simons, the man who let go the reins on muck-raking aces Bob Woodward and Carl Bernstein, the Washington Post reporters who broke the Watergate scandal, and broke new ground in investigative reporting, more388 words
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Article154 1988-07-16 2 BRIGADIER-GENERAL (Res) Lee Hsien Loong, the Minister for Trade and Industry and Second Minister for Defence (Services), will meet his Malaysian counterparts in Kuala Lumpur next week. He leaves for the twoday trip on Tuesday. BG Lee will call on Datin Paduka Rafidah Aziz, Malaysia's Trade154 words
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206 1988-07-16 2 LOCAL construction companies, hit by declining construction activities, should export their services to the booming Australian property market, according to the head of a leading Australian trade fair organisation. Roy Castle, chairman of Sydney-based Total Concept Exhibitions, said Australians had spent more than US$l206 words
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150 1988-07-16 2 SINGAPORE AIRLINES will extend its no-smoking rule to all its Singapore-Kuala Lumpur flights from the beginning of next month, according to an SIA statement yesterday. In April, SIA introduced nosmoking flights on four of the 14 services it operates150 words
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345 1988-07-16 2 SINGAPORE needs to increase its pool of 16,100 engineers to a projected 27,000 by the year 2000, Education Minister Dr Tony Tan said yesterday. Engineers would then comprise 2 per cent of the workforce, about the level in developed countries such as West345 words
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113 1988-07-16 2 MOUNT ELIZABETH Hospital is setting up a regional centre for non-surgical removal of gall and kidney .stones with state-of-the-art shock wave technology. The hospital has bought a $3.6 million machine, called a lithotripter. which breaks down gall and kidney stones without surgery or113 words
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492 1988-07-16 2 LILIAN ANG - By LILIAN ANG THE ELECTRONICS INDUSTRY is likely to be short of 350 engineers, 620 technicians and 1,110 skilled workers every year between now and 1990. This projection was made by Darren Oh, personnel director of Compaq Asia, when he spoke yesterday at a492 words
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Article1488 1988-07-16 2 AT CONVENTIONAL WHARVES V«*Ml Berth Arrival Departure KEPPEL WHARVES Adko Poramit K32 alongside 1607 "0630 Ananas IC2I alongside 20 07 2300 Atlantic lily K33 alongside 1607 2359 Barber Tompa C09 alongside 1607 2300 Crystal Rose K20 olongside 17 07 0600 Equator K22 alongside 1607-0700 Golden Wonder K3I1,488 words
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Page 2 Advertisements
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Advertisement158 1988-07-16 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 modern, contemporary style that's charmingly comfortable. r A new refreshing look greets you at our lobby. Plush, inviting158 words
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Page 2 Miscellaneous
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Miscellaneous130 1988-07-16 2 SMMa Max/ Note Min (°C) 17/09 Fin* 17/12 Rain 35/18 Cloudy 37/31 Clear 31/25 Cloudy unov 32/24 Showers 30/25 Sunny 30/18 Clear 23/14 Cloudy 30/25 Cloudy 20/15 Showers 21/13 Fin* 20/10 Cloudy 24/15 Rain 11 06 Clear 35/22 Clear 18/16 Cloudy 16/04 Fine 26/17 Cloudy 34/19 Clear 22/17 Cloudy 30/17130 words
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OVERSEAS
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425 1988-07-16 3 AFP, FT THE EUROPEAN Community followed Japan on Thursday in criticising the US trade bill voted by the House of Representatives on Wednesday, and hinted it might complain to the General Agreement on Tariffs and Trade (Gatt) if the bill isAFP,; FT - 425 words
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320 1988-07-16 3 AFP PRESIDENT Ronald Reagan's senior advisers are urging him to veto a plant closings bill adopted overwhelmingly by both the Senate and the House of Representatives even though many analysts believe that such a veto could harm Vice-President George Bush's election campaign. RevealingAFP - 320 words
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357 1988-07-16 3 AP MICHAEL DUKAKIS pulled even with Vice-President George Bush in Texas after naming Senator Lloyd Bentsen of Texas as his Democrat Party running mate, the CBS television network reported on Thursday night. The poll of 580 registered voters on Tuesday andAP - 357 words
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362 1988-07-16 3 Reuter TAIWAN'S announcement that it was temporarily suspending precious metals purchases from the US seemed likely to have little immediate impact on gold and silver prices, Swiss analysts and dealers said on Thursday. They said Taiwan had already sca'ed down itsReuter - 362 words
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Article774 1988-07-16 3 ARRIVALS Operator Service Loca From number time GU GA940 1150 MBS THA TG403 1155 BKK SU SQ191 1155 PEN SU SQ238 1155 MES THA TG407 1205 MCK/HDY GIA GA900 1210 PKU MAS MH641 1230 KCH SU SQ1 1250 SFO/HNl/HKG SU SO 203 1300 CGK S1A SQ107 1305774 words
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265 1988-07-16 3 AFP COUNTRIES in South-east Asia fear Japan might turn Indochina into a "private hunting ground", European Commissioner Claude Cheysson said in Brussels on Thursday on his return from a 10-day South-east Asian tour. "Europe is considered an essential partner in the region, becauseAFP - 265 words
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Article, Illustration631 1988-07-16 3 AP. UPI. CHINA'S senior leader Deng Xiaoping said yesterday at the opening of talks with US Secretary of State George Shultz that the United States and China should bring their relationship to a "higher plane" in the interest of the people ofAP.; UPI. - 631 words
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Page 3 Advertisements
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Advertisement60 1988-07-16 3 rI V ji \j\ FI tf The business person's choice, every I I II I II I Tuesday, Thursday, Saturday and 1 MM \1 MI \l I 1 Sunday. Leaving Changi Airport at .L VV/i. JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day Call60 words
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Advertisement150 1988-07-16 3 v.-; y •31 fe m r £3*B 4'-:. 0 J Burberrvs Autbon.fl) Dealerj: ,SETAN HAVFLO<:k ORCHARD LE CLASSIQUE METRO GRAND U'CKY PLAZA ROBINSONS SOGO un, Vrrr I>T,LE HOUSE FJ BENJAMIN CHANGI AIRPORT GRAND CLASSIC HALLEYS DEPARTMENT STORE ZakTV LTD IIATHFJ< LODGE LEE REPTILE LUCKY PLAZA REPTILE HOUSE NAN HEN LEATHER150 words
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Page 3 Miscellaneous
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Miscellaneous69 1988-07-16 3 Doonesbury BACK. NGKTOMS, WTTH RUMINATIONS ON THERECENTtUHTTEHOUSB PRUG 3USTS! WORD HAS IT THAT MANDATOR/ TESTING OF ALL WHITE HOUSB PERSONNEL ISA&OUTTOGO EFFECT-^. ONE CAN ONLY SPECULATE ASTOHOM THISEUTE CORPS OF PUBUCSERMNTS IS TAKING THE NEWS' BY GARRY TRUDEAU fw i 0, '/tucCt'Oi«— YOU MEAN, UEXL BETE&TEDCVER anpower anp WERANPOVER AUP69 words
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MONEY AND EXCHANGES
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Article1425 1988-07-16 4 OCBC, Reuter SINGAPORE: The US dollar closed marginally lighter against most major currencies yesterday. Against the Singapore dollar, the US dollar closed weaker at 2.0493/03 in torpid trading It traded within a range of 2.0498 and 2.0510. It opened initially at 2 0490/00. Dealers said the dollar roseOCBC,; Reuter - 1,425 words
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Article180 1988-07-16 4 Gold futures on July 14 100 troy ounces; USS per troy ounce Open High Low Settle Jul 439.00 439.00 439.00 438.70 -1.70 Aug 441.50 443.70 439.70 439.90 -1.90 Sep ***** 446.00 442.50 442.70 -1.90 Oct 447 40 449 30 445.30 445.60 -1.90 Dec 453.40 455.40 451.00 451.20180 words
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Article229 1988-07-16 4 IMM currency futures closed lower on Thursday but off the lows of the day after a choppy, nervous session ahead of US May trade figures. Buying by a commercial firm in yen and mark futures brought futures off opening lows and drove nearby contracts above minor chart resistance in229 words
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Article63 1988-07-16 4 THE OVERNIGHT rate on the Singapore money market rose 3/8 point to close at 4-3/8 per cent yesterday. One and two months rose 1/16, three months rose 1/8. S$ Interbank rates at the close yesterday: OFftt wo 4 3/8 4 1/4 1 month 4 5/16 4 3/1* 263 words
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Article, Illustration201 1988-07-16 4 Indicates the average of the prime lending rates of 12 major banks in Singapore r Interbank market rates (offer/bid) on July 15 us$ DM SWFC Y«n 7 day* 1-77/1 9 1/2 —1/4 4 11/16 9/16 3 3/4 5/8 4 3/8 1/4 1 m+i 8 1/16 7 IS/16201 words
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Article118 1988-07-16 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BIO OFFER H»GH LOW 3 months BQ*****W 13.10.88 3.90 3.85 3.98 3.89 6 months BY*****H 22.09.88 3.98 3.93 3.98 3.99 1 year BY*****Z 23.03.89 4.04 3.99 4.06 4.06 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing118 words
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Article426 1988-07-16 4 SEPTEMBER Eurodollar opened at 91.63 on Simex yesterday. The Sept contract traded to a high of 91.64 in early trading but dipped lower to 91.60. The Eurodollar finally settled at 91 61. Currency futures opened lower than the previous close and continued to ease lower on rumours of a426 words
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Article1456 1988-07-16 4 CURRENCY FUTURES OPTIONS Friday, July 15, 1988 DEUTSCHEMARK (SMtfEX) Aug 88 ce (to Aug 88 puli High Lew Sea Ml* Lee Sea 54 55 55 55 55 41 38 38 110 109 110 56 23 18 IS 182 183 183 57 7 2758 280 58 4 59 2 AO1,456 words
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Page 4 Advertisements
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Advertisement73 1988-07-16 4 We leave the business to you. Leave the sleep to us. Vbu e ov<M to come be or ow lo> Clfe ie>o'Oxoursm our private-ooms ana e«oenenre t JIR' I #1 r?fll il me Ofterence 'or wmH Vf V f"~" arount WOf ld are ■rn beginning to experience the ultimate in73 words
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Advertisement10 1988-07-16 4 A MONTHLY JOURNAL OF BUSINESS TRENDS mri9si NOW AT NEWSSTANDS10 words
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BANKING AND FINANCE
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112 1988-07-16 5 Reuter BRAZIL will open debt talks with the Paris Club of Creditors next week in hopes of rescheduling US$l7 billion of debt. Finance Minister Mailsoq Nobrega said on Thursday. He said Brazil would also seek a fresh, US$5OO-million bridge loan from the ParisReuter - 112 words
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335 1988-07-16 5 AP THE INCREASE in the prime lending rate by several large US banks on Thursday to its highest level in more than two years is not the start of another upward spiral in interest rates, many economists maintained. TheyAP - 335 words
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Article407 1988-07-16 5 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent DBS Bank has predicted "moderate" growth for Singapore's financial and business services sector in the third quarter of this year. The bank, in its latest issue of Investment Digest, also forecast k possible rise in interest rates here407 words
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215 1988-07-16 5 FT THE EUROPEAN COMMISSION on Thursday accelerated its new policy of promoting private European investment in the Third World by signing financial agreements with development banks in five European Community (EC) member states. The basic aim is to encourage smaller privateFT - 215 words
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280 1988-07-16 5 FT CITICORP, America's largest banking group, closed down its UK gilt-edged trading operation on Thursday night, making it the latest casualty of tough conditions in that market. The bank said the decision had been taken following a management review which concluded that theFT - 280 words
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269 1988-07-16 5 FT LLOYD'S of London has received a surge of resignations of members in the last few weeks, bringing to at least 950 the number of people now expected to quit the insurance market this year. Forecasts circulating among Lloyd's underwriting agency companies suggest theFT - 269 words
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257 1988-07-16 5 UPI THE WORLD BANK is planning to increase its loans to developing countries by an annual 10 per cent, to more than US$2O billion a year by the early *****, the UN agency said on Thursday. "Fiscal year 1988 was anUPI - 257 words
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Article248 1988-07-16 5 ASIAN DOLLAR deposit rates closed steady yesterday at firmer opening levels, dealers said. They said trading turned quiet in the afternoon after a moderate morning session. The market was waiting for yesterday's release of US May trade figures due at 1230 GMT, dealers said. Asian dollar CD248 words
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COMMODITIES
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Article157 1988-07-16 5 SINGAPORE The rubber market closed higher yesterday with August 1 RSS buyers price quoted at 249.50 cents/kg. No Inro activity was reported in Singapore. On the TSR-20 market, prices rose on short-covering interest. August buyers' price ended at 228.00 cents/kg, up five cents from yesterday's close. MALAYSIA The rubber157 words
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Article290 1988-07-16 5 RAS prices In S cants/kg, FOB In t»al« NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 247.00 249.00N 249.00 251.00N lm 1 RSS Aug 88 247.50 248.50N 249^50 250.50N lot 1 RSS Sep 249.00 250.00N 251.00 252.00N Int 2 RSS OP 247.00 248.00N 248.00 249.00N290 words
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Article76 1988-07-16 5 (cants/kg) AUGUST 1988 SEPTEMBER 1988 (current month) (forward month) RAS NOON NOON ftvysn S*ll«n 6vy«n S•Men SSB 20 ***** 226.00N 224.00 226.00M SSB 50 222.00 224.00N 222.00 224 OOM MRELB S*IWn S»U«M SM» CV 500.00 502.00N 502.00 504.00N SMB L 500.50 502.50N 502.50 504.50N SMS 5 307.5076 words
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Article157 1988-07-16 5 THE PRICE of tin on the Kuala Lumpur market closed a cant lower at M 518.83 a kg yesterday in Increased trading, dealers said. This was due to higher supply as mines were keen to dispose of the metal at yesterday's price, believing the market had stabilised. Volume157 words
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Article437 1988-07-16 5 MALAYSIAN CRUDE PALM OIL FUTURES closed firmer yesterday, extending Thursday's limit gains on further covering and speculative buying, prompted by continued firmness in Chicago soyoil futures values, dealers said. They added that the market anticipated a rise in soyoil prices amid forecasts of hot and dry weather over437 words
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Article101 1988-07-16 5 A rebound on the New York futures market gave sellers new hope. But product prices tumbled again except for fuel oil, which rose on suddenly emerging demand. Closing prices for crude (FOB origin) USS/borr*l Otana* MJno. (Aug) DiM (Aug) W«l Tua 1443 und. 12-40 0-50 lr WD101 words
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Article237 1988-07-16 5 Chinese Produce Exchange Soilori' noon doting prices on July 15 (SS/100 kg) Coconut oil h* FOB 130.00 OW drum FOB 140.00 N«w drum FOB 144.00 Copra Mixed (IOOM) 73 -il Pepper iwwrj Muntok whit* FOB NLW ***** Sarawak whh* FOB foq NLW 937.50 Sarawak ip*dol black FOB NLW237 words
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Article294 1988-07-16 5 London Commodity Exchange Bvyer/Seller dosing prices on July 14 (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Basis in-jtore London, sellers option CIF London Jul 1055/1060 (1058/1089) High/Low 1090/1060 Sep 1080/1083 (1113/1115) High/Low 1115/1080 Sales (1784) Cocoa Jul 991/992 (1020/1025 High/Low 1020/1025 Sep 1009/1010 (1037/1038 High/Low 1059/1026294 words
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Article107 1988-07-16 5 SOFT red winter (SRW) wheat futures eased late after trading sharply higher most of Thursday on the Chicago Board of Trade on support from limit gains in feed grains and soybeans. Wheat closed on or near the lows with losses of four cents to 10 cents per bushel September107 words
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Article399 1988-07-16 5 HONGKONG: Gold closed slightly lower in quiet trading yesterday on light selling by local and Swiss investors, dealers said. Traders were sidelined waiting for US May trade date due for release at 1230 GMT, they added. Bullion ended at U*****.00/50 an ounce against an initial U*****.20/60 and compared399 words
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Article65 1988-07-16 5 SOYBEAN futures closed on an uncertain note on the Chicago Board of Trade on Thursday when July sold off sharply, but August through March still managed to finish at their 45 cent expanded upper limits. The limitless July eased from the high of US$lO.2O to settle at US$9 74.65 words
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PERSPECTIVE
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Article519 1988-07-16 6 IN A RECENT article in the London publication, The Listener, the critic Colin Wilson comments that writers who paint life as something boring and meaningless "are behaving more like criminals" than like artistes. The dramatists Anton Chekov and Samuel Beckett and the novelist Graham Greene are519 words
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Article, Illustration721 1988-07-16 6 MALCOLM W BROWNE - By MALCOLM W BROWNE NYT "HOW I WANT a drink, alcoholic of course, after the heavy lectures involving quantum mechanics." No, the foregoing plaint is not the latest evidence that faltering American physics students are succumbing to the lure of demon rum. ItNYT - 721 words
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153 1988-07-16 6 Wang Look Fung (Miss - letters to the Editor Wang Look Fung (Miss) Group Public AJtairs Manager Straits Steamship Co Ltd Dear Sir We refer to the letter by Mr P L Koh published in Business Times on July 9. On behalf of the Board of Directors of153 words
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656 1988-07-16 6 Lim Guan Telk - Lim Guan Telk U*aA*kAa univrman nflnsoin llnliila i■ BkJ DOrl DilQ Director United Pulp A Pap*r Co Ltd Dear Sir I refer to the article in the June 30 issue of Business Times headlined "Insas's only representative on656 words
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Article, Illustration441 1988-07-16 6 Peter Fong - Peter Fong Acting Registrar Singapore Society of Accountants Dear Sir We refer to recent press articles on the Singapore Society of Accountants' proposed revision of its scale of recommended fees for accounting services. The Singapore Society of Accountants,441 words
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259 1988-07-16 6 Joseph Lee - Joseph Lee Dear Sir Re: Metro and Transmarco shares. I would like to remind those who manage the securities industry that there is no market for odd-lot shares in Singapore, that is, if a company declares a one-for-five bonus issue and if I259 words
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Page 6 Advertisements
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Advertisement41 1988-07-16 6 BT welcomes letters from readers. Your letters must Include your signature, lull name, eddress, and home numbers, N any. You may add a pseudonym, H you wish. Address your letters to: The Editor, Business Times, ISO, Kim Seng Road, Singapore 0923.41 words
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Page 6 Miscellaneous
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Miscellaneous721 1988-07-16 6 CRYPTIC PUZZLE ACROSS 9 Greatly loved by the extravagant? (4,4) 10 My house has nothing on that! (3) 11 Drop a kiss (6) 12 The attitude of our ancestors starts changing (6) 13 He'll give you a dish or take a dish away! (7) 14 Outside, heard laughter (4) 15721 words
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Miscellaneous59 1988-07-16 6 BriSt^RanJJhc&ac IT'S INCRJE-DIE>L£,TM£ LORV DemoLitioN (KNOCK DouW PRIC€S)HRVC CHPNGeOTVe FPICJE.OFTHC T0&1 c NOU) "TVie. UJILSoI BUIUO^G MPvS fiCJLN Pulleo Douihl HPiVe P>M UNINTERRUPTED vioo OF me evefcy Tirne. l Pick up my j FiMD myseLF THINK WG OF FRR AUAY PLACES CJITH STRRNGC SouND»r4G 7 Mfvries... 1V419 tS ?I£AS*MT BUT59 words
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Executive Lifestyle
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Article280 1988-07-16 7 THE NEW TRADING system of the Stock Exchange has had its share of breakdowns and software snags. As with any new system, these are expected and are commonly described as teething problems. It led one irate stockbroker, who said he suffered loss of business, to comment:280 words
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Article, Illustration1149 1988-07-16 7 PATRICIA M SCHERSCHEL - By PATRICIA M SCHERSCHEL GUESTS don't need to wear shoes at Amanpuri, one of Phuket's newest and most exclusive and expensive resorts. Neither do most of the staff, who quietly pad about the immaculate grounds, frequently greeting guests by folding their hands1,149 words
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Article, Illustration678 1988-07-16 7 JAIME LYE - Pc/notd' with JAIME LYE BIRTHDAYS are depressing. They talk about people, like wine, getting better with age. So why is it that I have yet to feel any sweeter, but just plain bitter? It was my birthday last week. It was a dreadful feeling. Little did678 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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868 1988-07-16 9 HEALTH There is a growing body of evidence, however, which suggests, albeit inconclusively, that exposure to even low levels of non-ionising radiation can produce adverse health effects. THE MICROWAVE OVEN is an appliance that lends itself to suspicion. It cooks by "radiation" a frightening868 words
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Article, Illustration885 1988-07-16 9 N K YONG - Chateau Petrus the world's most expensive claret By N K YONG WE TURNED off the D 245 French highway into the gravelled drive leading up to Chateau Petrus, having passed along the way. Vieux Chateau Certan, another illustrious name in Pomerol, and there we were, at the home of the885 words
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Article394 1988-07-16 9 THE FOOD TEAM - FOOD By THE FOOD TEAM WHAT began as "A Taste of Hangzhou" progressed alarmingly into a 14-course banquet that left the Food Team winded and in a state of food shock. For those who have always wondered what media lunches are like, the answer is: long.394 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration562 1988-07-16 10 JAIME LYE - CINEMA By JAIME LYE REMY McSwain is a cop. By all definitions, he's supposed to be a good guy. The kind who fights bad guys and wins medals of valour. Technically, that is. The reality, though, is that there ain't no good guys in562 words
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287 1988-07-16 10 SHORT TAKES AN AMERICAN radio station, saying it wanted to dispel rumors Elvis Presley is still alive, is offering US$l million to anyone who can bring the rock n roll king to Nashville for an interview. "Sightings of Elvis have been reported from all287 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration607 1988-07-16 11 SANGEETA MULCHAND - ISSUES By SANGEETA MULCHAND "MEN, YOU KNOW lah, cannot control, so better come to us than go rape innocent girls. But women different, we no need also can." Connie Quah, a researcher completing a Master's degree in Sociology at the National University of Singapore, does607 words
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Article, Illustration174 1988-07-16 11 FASHION Flirty notes IF YOU've got them, bare em. Shoulders, that is. From Lanvin comes a Spring/Summer collection (left) focused on provocative necklines, mostly slung low on shoulders. The season's flirty bareness joins the year's fascination with the mini. Skirts remain short, often trimmed, piped or edged174 words
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Article, Illustration878 1988-07-16 11 TRENDS AP THE AMERICAN "baby boom" generation, born into relative affluence. peace and health, is unhappy. Not just a little blue, but depressed. It's a major depression, a disorder that lasts at least two weeks and includes such symptoms as appetite or sleep disturbance, feelingsAP; A Punch cartoon - 878 words
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Article644 1988-07-16 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Retribution starring Dennis Lipscome. Leslie Wing and Hoyt Axton. Showing at Cathay: 11; 1.30; 4; 6 30; 9.15. Fatal Attraction starring Michael Douglas. Glenn Close and Anne Archer. Showing at Jade 2: 11; 1.30; 4; 6.30; 9 Crocodile Dundee II starring Paul Hogan and644 words
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Executive Lifestyle: Sports
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Article, Illustration549 1988-07-16 12 GOLF UPI SEVERIANO BALLESTEROS, the slumbering giant of international golf, awoke on Thursday to slay the monster-like Royal Lytham and St Anne's golf course and stride clear of the field on the opening day of the 117 th British Open. Ballesteros, 31, withoutUPI - 549 words
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Article262 1988-07-16 12 Reuter COLLATED first-round scores in the British Open Golf Championship (par 71) on Thursday (British unless stated): 67: Severiano Ballesteros (Spain); 69 Brad Faxon (US), Wayne Grady (Australia); 70: Peter Senior (Australia), Noel Ratcliffe (Australia); Nick Price (Zimbabwe), Dan Pooley (US); 71: Jay Haas (US), David Frost (South Africa),Reuter - 262 words
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Article, Illustration413 1988-07-16 12 CHARLES SAVAGE - By CHARLES SAVAGE m LIM SWEE WAH grabbed the Yokohama Classic in a nail-biting three-way sudden death play-off that stretched to four holes yesterday at the Jurong Country Club. The spectators were hushed in a crowd around the 18th green as Swee Wah tapped in413 words
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589 1988-07-16 12 Mike Thumba - Bridge By Mike Thumba FRAWLEY and Kingston were almost certain to win World Pairs Event at the Bridgerama in 1986. Their opponents were the Old Master and Zettner. There were 320 entries and only 96 pairs were the finalists. Frawley and Kingston were589 words
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216 1988-07-16 12 TENNIS Reuter THOMAS MUSTER, the impressive young Austrian tennis player who won the US Pro Championship in Boston on Sunday. eliminated top seed Miloslav Mecir of Czechoslovakia from the U*****,000 Stuttgart Grand Prix tournament on Thursday. He beat Mecir, a Wimbledon semi-finalist two weeks ago.Reuter - 216 words
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Article, Illustration718 1988-07-16 12 JEROME FANDOR - on TMCK With JEROME FANDOR THE HIGHLIGHT of this weekend's racing in Ipoh is the Oato Yeoh Cheang Lee Memorial Trophy over 1900 m. Most of the 21 horses handicapped for this Class 2 race did not manage to get a718 words
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Article, Illustration222 1988-07-16 12 CYCLING AFP PEDRO DELGADO of Spain took over the leader's yellow jersey from Canadian Steve Bauer in the Tour de France cycle race on Thursday as Dutch rider Steven Rooks won the 12th stage, the 227 km from Morzine to I'Alpe d'Huez. ButAFP - 222 words
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Article, Illustration177 1988-07-16 12 ATHLETICS THE ROAD to Seoul for Carl Lewis and other American track and field athletes began yesterday with the start of the nine-day process for selecting US Olympians. Lewis will compete in three events at the trials the 100 and 200 metres and the long jump.177 words
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Article, Illustration428 1988-07-16 12 BOXING AP MIKE TYSON, who said three weeks ago he wouldn't fight any more, has decided to go ahead with his scheduled Sep 3 heavyweight title defence against Frank Bruno. Tyson's lawyer, Michael Winston, said on Thursday that the fight will proceed even thoughAP - 428 words
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Executive Lifestyle: Personal Investment
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634 1988-07-16 13 KEVIN GWEE - WORLD MARKETS By KEVIN GWEE THE STOCK markets of Singapore and Malaysia have topped the list of best performing world exchanges in US dollar terms for the first half of 1988, with a return of 30.5 per cent. In local currency634 words
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Article, Illustration178 1988-07-16 13 RC - i?ipL by RC WHILE THE REPEATED software failure of the new trading computer at the stock exchange at OUB Centre throughout this week has made many brokers irate about the loss of business, it has actually been an indirect boon for the local market.Source: Investamatic - 178 words
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363 1988-07-16 13 ART TRADE Sotheby's Research Department ART MARKET activity in New York tends to have finished by this time of the year. The rest of the major sales are held in London and elsewhere east of the Atlantic. Last week, interest was focused on Old Master paintings,Sotheby's Research Department - 363 words
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Article, Illustration468 1988-07-16 13 RAMESH CHANDIRAMANI - BT/SES INVESTMENT SEMINAR By RAMESH CHANDIRAMANI WITH THE EXCEPTION of the Philippines, all international portfolios ought to be overweight in their stock market investments in the Far East region. In particular, investors should accord Malaysia and Thailand a heavily overweight position, ahead of468 words
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573 1988-07-16 13 SURVEYING financial markets from across a broad spectrum, chartist David Fuller sees only one dark cloud that could spoil things for stocks rising interest rates. Economic conditions, otherwise, are still quite healthy and growing strongly enough to fuel a continued rise in equity573 words
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Article1048 1988-07-16 13 Ramesh Chandiramani - COLLECTING *y Ramesh Chandiramani INVESTING in rare coins can be a very lucrative proposition. Besides being executive "treasures", high quality rare coins are a tremendous long-term wealth-building tool. They have endured the rigours of time and their value appreciates in much the same way as1,048 words
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327 1988-07-16 13 Corrina Lim - GREAT INVESTMENT RACE *>y Corrina Lim STOCKBROKER Paul Morgan Associates, which continued to set the pace in the Great Investment Race, saw the value of its portfolio pared slightly following dampened trading on the Singapore stock market. The drop in performance327 words
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641 1988-07-16 13 BEannEfrs.A cam S!M IHT THE DOW JONES Industrial Average is one of the most widely watched pieces of statistics in the world. The performance of its 30-stock components is considered by many as a proxy for the health of the American stock market andIHT - 641 words
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Page 7 Advertisements
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Advertisement114 1988-07-16 7 Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE 5' mm p 'i > 1% '■r X -w 5> WmM V: 2b Mi A \vV v, v. > Blanc paiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and114 words
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Page 8 Advertisements
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Advertisement853 1988-07-16 8 COURYOISIERXO WIHIEKIE TO E4J* DHNR SUNDAY FAMILY LI'NCH L 5 w L "V .«<■ stin^ Bnng the family for a fabulous meal of fresh seafood and Chinese dishes from our a la carte menu. At a generous 25% off the bill. ft But only on Sundays between 11.30 am and853 words
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Advertisement120 1988-07-16 8 I/i My 4th, everyday The Belvedere's American buffet lunch is a month long celebration of July 4th stretching from July I—3l. With Prawns on ice. Smoked turkey breasts. Oyster Rockefeller. Roast US prime rib! Apple pie. California snowball and much, much more' Celebrate July 4th everyday for just $31 for120 words
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Page 9 Advertisements
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Advertisement553 1988-07-16 9 ENTERTAIN .4 4 n Sunday Brunch: A great family outing Ifs 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 cheeseboard553 words
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Advertisement11 1988-07-16 9 Keep your investment decisions on target njHARTPOINIf LJ EVERY SATURDAY X11 words
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Page 10 Miscellaneous
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Miscellaneous1692 1988-07-16 10 Book people, journalists and Orson Welles Movies A MILD-MANNERED book executive looking forward to a restful journey on a train to Los Angeles finds himself the victim of a murder plot in Silver Streak. Gene Wilder, Jill Clayburgh and Patrick Mcgoohan star in this nutty blend of comedy, romance, action1,692 words
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Miscellaneous1078 1988-07-16 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 Radio Newsreel 8.30 Personal View 8.45 Recording1,078 words
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Page 11 Advertisements
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Advertisement67 1988-07-16 11 BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sevvy's golf date every Tuesday. After67 words
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Page 13 Advertisements
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Advertisement28 1988-07-16 13 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.28 words
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STOCK EXCHANGE OF SINGAPORE
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Article44 1988-07-16 14 Company BONUS ISSUE Metro Hldgs One-for-five Ex-dote: Jul 8 Books dose: Jul 20 T ronsmarco One-for-four Ex-dote: Jul 8 S P P Books close: Jul 20 One-for-two Ex-date: NYA Books dose: Aug 1 Tuon Sing One-for-lO Ex-dote: NYA Books dose: Aug 144 words
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Article264 1988-07-16 14 Company RIGHTS ISSUE AMDS One-for-four $0.50 per share C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for every five ordinary shares held. C K Tang One-for-two $2.25 per shore. Eoch rights comes with two detachable TSfc The exercise price for the TSRs.264 words
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Article156 1988-07-16 14 ALUMINIUM Company of Malaysia Berhad: 27th AGM at the PJ Hilton Hotel, Jalan Barat, Petaling Jaya on Monday, July 18. at noon. FIMA Metal Box Berhad: 13th AGM at PJ Hilton Hotel. Jalan Barat, ***** Petaling Jaya, Selangor Darul Ehsan on Monday, July 18, at 9.30am SAtERAS RESOURCES156 words
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Article278 1988-07-16 14 Managers' prices Japan Gr fund 149 1 54 for July 16 and 18 Shenton Thrift fund 0865 0865 Singapore Unit Trust UOB Management Unitund 096 096 The Commerce 1 02 1 09 Umbond 101 1035 The Savings fund 090 096 S'pore Prog Fund S'pore Sec Fund 043 071278 words
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Article, Illustration712 1988-07-16 14 SHARE PRICES continued to move to higher levels at the Singapore stock market yesterday with investors undeterred by the faults in the electronic trading system. Interest was centred on quality stocks. Dealers said sentiment was boosted by Wall Street's overnight gains and trading712 words
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Article5095 1988-07-16 14 Gr'» Qr's 1888 Tel Last Dtv Dtv rid Net Vol Day Last Quote High Low Code Company Sale +or- C'vr P/E (*000) High Low Buyer Seller SECTION ONE INDUSTRIAL COMMERCIAL ADEF A 1005 1005 ADEF B 1005 n "ISSiSS. Jf" ,0N 24 08 529 15 ,27 1255,095 words
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COMPANY NEWS
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Article, Illustration302 1988-07-16 15 THE READY MARKET on the main board may see fully automated trading "in the not too distant future" if the pilot projects now operating, work well. A significant portion of trading is now fully automated in the second-tier Sesdaq, on the302 words
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Article, Illustration571 1988-07-16 15 LISA LEE - By LISA LEE THE KEPPEL GROUP has confirmed that it is negotiating to acquire a 51 per cent stake in publicly-listed Sim Lim Finance Ltd, but said that no agreement has been reached. In a brief statement yesterday, Keppel said the571 words
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191 1988-07-16 15 Reuter FORMER Hongkong Stock Exchange chief executive Jeffrey Sun has been charged with three counts of accepting bribes. Sun offered no plea when he appeared in court yesterday to face the charges for the first time. He was remanded on bail of HK$2.l million toReuter - 191 words
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265 1988-07-16 15 AVIMO Singapore, a manufacturer of electro-optical defence equipment, has acquired the assets of a local electro-plating and aluminium anodising company. The acquisition of the assets and operations of ACP Industries Pte Ltd (ACPI), which provides electro-plating services to the local electronics, defence and metal-related manufacturing265 words
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362 1988-07-16 15 MBT INNOVEST BHD has received approval from the Capital Issues Committee for its proposed flotation of KFC Holdings. Under the proposed flotation, 44 million KFCH shares of Msl each will be listed on the Kuala Lumpur Stock Exchange (KLSE). However, the restricted public offerMBT - 362 words
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275 1988-07-16 15 MBT THE KUALA Lumpur Stock Exchange (KLSE) has reclassified eight companies into different sectors to reflect better their present main business activities. The changes will be effective next Monday, the KLSE said in a circular on Thursday. Of the eight companies, all of which are nowMBT - 275 words
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177 1988-07-16 15 MBT A SUBSTANTIAL block of shares in Mycom has changed hands again. Totalling 3.75 million units, the shares owned by director Mohammed Adnan bin Datuk Shuaib was sold in the open market, said a company spokesman. Sandakan-based Silah Hidup Sdn Bhd purchased 1.5 millionMBT - 177 words
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Article, Illustration692 1988-07-16 15 Reuter ANALYSTS in New Zealand and Australia believe British food company Ranks Hovis McDougall PLC may be too big a bite for Goodman Fielder Wattie Ltd. "I think it would be a bit too large," said Chris Allan of Sydney brokers NorthsReuter - 692 words
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REGIONAL MARKETS
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612 1988-07-16 16 Potential investment of Mssoom MBT A TITANIUM dioxide pigment plant with potential investment of Mssoo million will be located in Trengganu. The plant, on a 60.7 ha site, to be set up by London-based Tioxide Group PLC will be the ninth such plant worldwideMBT - 612 words
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242 1988-07-16 16 Reuter NEW ZEALAND publishing group Independent Newspapers Ltd has sold a parcel of shares in Reuters Holdings PLC for NZ$lB.5 million. INL managing director Mike Robson said INL sold 261,131 'B' shares and 358,024 American depositary shares on the open market. HeReuter - 242 words
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Article69 1988-07-16 16 Reuter HONGKONG-LISTED Allied Overseas Investments Ltd has withdrawn from the purchase of a New Zealand company, Allied said in a statement on Thursday. An offer to buy approximately 49 per cent of the issued capital of Wormald International NZ Ltd from Australia-based Wormald International Ltd forReuter - 69 words
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Article3265 1988-07-16 16 SHARE PRICES closed off the session's highs on the Kuala Lumpur stock market yesterday in moderately active trading. Except for quiet tins, conditions were generally brisk in other sectors. In the first half hour of trading, an unusual hive of activity was noted in Innovest,3,265 words
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225 1988-07-16 16 Reuter THE FORMOSA Plastics group, Taiwan's largest privately owned business conglomerate, said it expects profits and sales in calendar 1988 to be slightly higher than its record results of 1987. Senior vice-president Yang Chao-ling said the group's three major companies performed better thanReuter - 225 words
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Article1452 1988-07-16 16 Hongkong HONGKONG STOCKS closed easy yesterday but were off the day's low because of late short-cover-ing by institutional investors ahead of the release of May US trade data at 1230 GMT. brokers said. The Hang Seng Index finished down 12.26 points at 2,740.70 and the broader based1,452 words
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Article132 1988-07-16 16 JULY IS WON Cheil Sugar Deelim Ind Daewoo Corp Daewoo Heavy Daiahin Securitiea Dong Ah Phar Dong Scrfi Stock OongDu Steel Gokf Star Hand Bank Ha ml Cement Hankuk Qlaaa Hanyang Chemical Hyundai Const Hyundai Motor ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****132 words
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Article519 1988-07-16 16 Reuter SHARE PRICES closed down yesterday after a day of wide fluctuations as investors initially tried to shrug off concerns ahead of the 1230 GMT release of US May trade figures. "People see no reason to be buying in advance of the trade figures." said Paul Migliorato, a brokerReuter - 519 words
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Article461 1988-07-16 16 Reuter THE AUSTRALIAN share market yesterday clawed its way to a firmer cloee for the first time in three days, although brokers said trading was fairly lacklustre. Interest centred on the Bell and Bond companies as Bond Corp snapped a large amount of scrip in takeover target Bell Group.Reuter - 461 words
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Article151 1988-07-16 16 Reuter THE SECURITIES Exchange of Thailand Index fell 5.36 points to 464.01 yesterday on a turnover of 6,096,625 shares worth 1002.81 million baht. JULY 1» BAMT 460 -16 Ayudtrya InvWmw Bangkok Agro-lnd 446 -2 136 +2 Bangkok Bank. Bank CX Ayudhya.. Charoong That WU A Cabta 33S unct) 376Reuter - 151 words
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Article272 1988-07-16 16 JULY 11 NT* All Sincara Irtdua Aala Camant Camay Corn Chang Hwa Bank.... Chang Loong Chla Main Camant. Chin Main Flour China Cham China Dav China Elact Wira China Gull Ptaa China Rabar China Staal Chung Hwa Pulp Chung Shi rig Tax... Far Eaat Dapt Far Eaat Tax Fir*272 words
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Article76 1988-07-16 16 JULY It PESOS Ap«x Mining B... Attn Con B Baguio Goto Basic Potroiauffi Banguot Con B First Phil Htdgs Lap*mo B Marcopoar 0 042 uncfi 2450 -OS 0.024 unct> 91 12.75 ♦0.2! 050 +00; Mar»t»»i Oriental B PWt Ovm PtHMl B 0 038 wnch 0 40 0 02 PLOT76 words
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Page 16 Advertisements
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Advertisement13 1988-07-16 16 M anagers ust anage BT shows you how every Monday. TECHNOLOGY EVERY FRIDAY13 words
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WORLD MARKETS
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Article964 1988-07-16 17 New York Reuter WALL STREET stocks closed higher on Thursday, supported by a strong dollar and buoyed by light program buying, traders said. A fall in commodity futures prices from sharply higher levels cooled some inflationary concerns but failed to encourage bond prices. Analysts saidReuter - 964 words
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Article1017 1988-07-16 17 London Reuter LONDON EQUITIES stood mostly lower in quiet morning trading yesterday, as market makers nervously marked prices down ahead of economic data later yesterday which could have a significant impact on share prices, dealers said. British Aerospace returned from suspension 20p lower at 450p afterReuter - 1,017 words
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Article1173 1988-07-16 17 Selected indices HONGKONG Hongkong Index Friday 1,811.61 Thursday 1.820 36 Week ogo 1.***** Hong Seng Index Friday 2,***** Thursday 2.***** Week ogo 2.***** All Industrials Friday 2.577 6 Thursday 2.5670 Week ogo 2,5630 NEW YORK Dow Jones Thursday 2.113 62 Wednesday ZI0437 Week ogo 2.122 69 TOKYO Nikkei Average Friday1,173 words
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195 1988-07-16 17 NYT THE US Securities and Exchange Commission misrepresented a conversation its investigators had with the lawyer for the investor from Taiwan accused of insider trading, the lawyer asserted in an affidavit filed this week. In its original complaint in the case, the SEC said FredNYT - 195 words
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820 1988-07-16 17 FT BRITISH AEROSPACE has agreed to proceed with its purchase of Rover Group, following 24 hours of hectic activity during which the group's last-minute reservations about the proposed takeover were resolved. Lord Young, Trade and Industry Secretary, told the Lords that talksFT - 820 words
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268 1988-07-16 17 FT HEWLETT-PACKARD has filed a countersuit against Apple Computer charging that the personal computer manufacturer has used fraud and trickery in an attempt to maintain an illegal monopoly with its Macintosh personal computer. The action is seen as an aggressive response to a copyright infringementFT - 268 words
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247 1988-07-16 17 FT PLESSEY, the UK electronics company, is paying US$3lO million to buy the Electronic Systems Division (ESD) of Singer, the US military electronics group. The move is a further step in Plessey's strategy of building an international network of defence electronics companies order to lessenFT - 247 words
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Article129 1988-07-16 17 Reuter THE OREGON Department of Insurance has rejected a proposed hostile takeover of Farmers Group Inc by BAT Industries PLC of Britain, Farmers Group said on Thursday. BAT, through its US subsidiary Batus Inc, launched a US$4.5 billion tender offer for Farmers Group in January. Farmers,Reuter - 129 words
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Page 17 Advertisements
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Advertisement0 1988-07-16 17 ;]=(@?_:{?_("{\[!$$\<'@_~(,}%{=0 words
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Advertisement182 1988-07-16 17 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 EAST COAST PROPERTY INVESTMENT PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. 50 that a Final General Meeting of the Members of the abovenamed company will182 words
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Advertisement378 1988-07-16 17 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF TONG CHUAN BORING ENGINEERING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at No. 44-A Jalan Lam Sam. Singapore 2469 on 12th July 1968, the following378 words
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Advertisement699 1988-07-16 17 IN THE MATTER OF THR_ COMPANIES ACT, CAP. «T AND IN THE MATTER OF MAROIL SINGAPORE PTE LTD I (In Members' Voluntary Liquidation) At an Extraordinary Ooff* eral Meeting of the Company duly convened and held at 6 Battery Road #33-00, Standard Chartered Bank Building. Singapore 0104 on 8 July699 words
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Article, Illustration469 1988-07-16 18 FOO CHOY PENG - Republic will benefit from cautious Japanese policy By FOO CHOY PENG SINGAPORE is quits happy to be the testing ground of innovations in financial instruments for Japan. Prime Minister Lee Kuan Yew said in an interview in Japan. The Republic, he told journalists469 words
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251 1988-07-16 18 BRIGADIER-GENERAL (Res) Lee Hsien Loong has the right stuff to be prime minister, Mr Lee Kuan Yew told Japanese reporters yesterday. But the next premier won't be a Lee, he added. In an interview with Fuji TV and the Sankei Shim bun,251 words
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285 1988-07-16 18 Bernama THE MALAYSIAN Trades Union Congress (MTUC) opposes privatisation because job security is not assured and profit-oriented operations will subsequently increase the cost of goods and services, its president Zainal Rampak said in Kuala Lumpur yesterday. He said the general attitude of labour towardsBernama - 285 words
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224 1988-07-16 18 A HONGKONG CHINESE governor should be in place in the colony by 1995, predicted Prime Minister Lee Kuan Yew yesterday, a move which will mean a smooth transfer of power to China. Mr Lee, speaking to Japanese reporters, said224 words
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251 1988-07-16 18 Reuter MALAYSIAN opposition leader Lim Kit Siang's challenge to a two-year detention failed yesterday when the government announced that new laws prohibiting detainees from suing the state would be enforced immediately. The acting secretary-general of the Democratic Action Party, Lee LamReuter - 251 words
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107 1988-07-16 18 AFP MALAYSIAN banker Lorrain Esme Osman, who is wanted on multi-million pound fraud charges in Hongkong, yesterday failed in his bid in the British House of Lords to challenge his pending extradition. A committee of three Law Lords dismissed an application by Mr Osman,AFP - 107 words
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Article109 1988-07-16 18 Bernama THE PERAK BAR, in an extraordinary general meeting in Ipoh yesterday, endorsed all resolutions passed by the Malaysian Bar in connection with the suspension of Lord President Tun Salleh Abas and the five Supreme Court judges. Its chairman, SY Lee, said the Perak Bar wasBernama - 109 words
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Article, Illustration146 1988-07-16 18 Bernama SULTAN Hassansl Bolkiah of Brunei said yesterday that his country's small size and relatively small manpower should not deter progress in diversifying into industry under its 853.2 billion fifth national plan. In his address to the nation on his 42nd birthday, theBernama - 146 words
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254 1988-07-16 18 AFP WORKERS at Nissan Japan's second-largest car manufacturer are to give up part of their annual holiday to meet a rapid rise in sales at home and abroad, a company spokesman said in Tokyo yesterday. Kyushu factory workers who make Sylvia,AFP - 254 words
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Article111 1988-07-16 18 AFP SIX Japanese firms, including three leading car makers. have begun feasibility studies on a new gas turbine ceramic car engine, industry sources said in Tokyo yesterday. They said the three carmakers Toyota. Nissan and Mitsubishi have been joined by oil distributors and refiners NipponAFP - 111 words
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386 1988-07-16 18 AFP, Reuter THE US trade deficit for May rose to US$lO.9 billion, up from US$lO.3 billion in April, the Commerce Department announced yesterday. The April figure was revised upward from the US$9.9 billion previously snnounced. In seasonally adjusted figures, the depsrtment saidAFP,; Reuter - 386 words
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115 1988-07-16 18 Reuter BRITAIN'S ruling Conservative Party emerged narrow victors yesterday from a parliamentary by-election test which the opposition Labour Party also claimed as a boost to its fortunes. A strong performance by the Labour candidate slashed the Conservative majority from 4,447 in last year'sReuter - 115 words
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Article99 1988-07-16 18 Reuter COMEX gold futures were slightly higher early yesterday, shrugging off the stronger dollar, and drawing sympathetic strength from firmer silver. August gold rose US$O.lO to U*****.90 an ounce after trading between U*****.50 and U*****.50. Comex silver futures were higher but off the highs after earlyReuter - 99 words
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LATE FILE
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Article62 1988-07-16 18 Reuter JAPAN yesterday announced its biggest increase in government spending for six years to meet international demands that it give more to poorer nations, and to strengthen its armed forces. Budget guidelines approved at a cabinet meeting said there would be a 9.4 perReuter - 62 words
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Article70 1988-07-16 18 UPI THAI Prime Minister Prem Tinsulanonda yesterday indicated he was willing, if asked, to return as prime minister after the July 24 general elections even though he is not running as as a candidate. "If asked by my colleagues to serve. I (would)UPI - 70 words
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Article57 1988-07-16 18 UPI INDONESIA has unveiled plans to switch from shipping crude to selling petroleum and other higher-value refined products. Launching a search for foreign partners to help finance a refinery construction programme, Energy Minister Ginandjar Kartasasmita said the new plants would produce for Japan, the US andUPI - 57 words
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32 1988-07-16 18 UPI WORLD airlines demanded yesterday safer routes in the Gulf region and effective measures in general to improve co-ordination between civilian flights and military activities. UPIUPI - 32 words
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Article36 1988-07-16 18 UPI THREE US Navy fliers who ditched their plane on Tuesday near the disputed Spratty Islands have been rescued by Vietnam and are being well treated. Radio Hanoi said yesterday. UPIUPI - 36 words
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Page 18 Advertisements
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Advertisement115 1988-07-16 18 Your family's happiness in Singapore will be determined by the environment in which they live. That's why you owe it to yourself to check out Ardmore Park. School buses call at the gate... there is aerobics, squash, tennis, swimming, chip and putt and special interest classes for all. Above all115 words
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Advertisement110 1988-07-16 18 Stylish, formal and professional, St Michael's business suits are tailored to give a perfect fit The smart, neat lines of the jacket and trousers are nicely complemented by classic pin stripes. The long-wearing blend of wool and polyester ensures that the suit maintains its crisp good looks. Illustrated: Jacket $269.90110 words
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