The Business Times, 23 July 1988
1988-07-23
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The Business Times
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Title Section12 1988-07-23 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, July 23-24 1988 75 CENTS12 words
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Article252 1988-07-23 1 AP Dow Jones lower NEW YORK stock prices fell early yesterday in a continuation of the selling that has weighed down the market for most of the week. The Dow Jones Industrial Average dropped 4.44 points to 2,082.15 in the first hour of trading. Losers outnumbered gainersAP - 252 words
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Article443 1988-07-23 1 GENEVIEVE CUA - MEN WOMEN By GENEVIEVE CUA PERSONALITIES reigned and after much laughter and verbal sparring, no one was the wiser on the questions of the evening: Are male graduates chauvinistic, dull and old-fashioned? Are female graduates getting less feminine? In a forum at the Kent Ridge Guild443 words
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Article, Illustration215 1988-07-23 1 A WEAKER Tokyo market and an overnight 24-point drop on Wall Street provided investors with a good excuse to sell their shares on the Singapore stock market yesterday. The Straits Times index fell 9.7 points to 1,142.80. The decline would have been steeper215 words
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579 1988-07-23 1 LISA LEE - Stake will be short of 25pc trigger point By LISA LEE AFTER MORE than a month of negotiations, Brunei-backed QAF Ltd and cash-rich United Industrial Corporation have arrived at a deal which will see the latter injecting fresh capital and management579 words
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331 1988-07-23 1 ELAINE KOH - By ELAINE KOH ONE OF Singapore's largest coffee traders, Teck Hock Co, met its end yesterday in the High Court when it was ordered to be wound up by a trade creditor. Tardivat International SA, owed about £1.4 million, was supported by nine331 words
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158 1988-07-23 1 THE US DOLLAR fell at the opening of the foreign exchange market in New York yesterday, continuing its retreat in London and Tokyo. The dollar traded at 130.90 Japanese yen and 1.8265 West German marks compared with 131.08 yen and 1.8275 marks158 words
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90 1988-07-23 1 AFP TRADING was brisk on opening day at the Shenyang stock exchange in north-east China, as farmers and scholars rubbed shoulders to buy scrip in local companies, the Economic Daily reported yesterday. The bourse opened on July 15 with 1,000 peopleAFP - 90 words
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Page 1 Advertisements
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Advertisement301 1988-07-23 1 'ikon The World's Finest Photographic System. Full report, PAGE 14 Regional Mkts, PAGE 16 World Mkts, PAGE 17 Fluctuations sxpoctod on TSE, PAGE 16 MEN ARE DYING in the United States from fear of becoming women. But this is not the latest fad in a country which has never been301 words
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Advertisement10 1988-07-23 1 More reports, PAGE 4 US Consumer Price Index, BACK PAGE10 words
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Advertisement308 1988-07-23 1 The World's Finest Photographic System. Glsmos for sale Page 7 PlFllH Trtwfa Why men are like horses Page 7 Exotic Egypt in Isetan Page On the runway of the USS Carl Vinson Page Is life one big cancer? Page 9 The flaw in Fatal Beauty— Page 10 TV programmes for308 words
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HOME NEWS
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560 1988-07-23 2 PRODUCTIVITY growth in the Singapore economy is expected to slow down from 4.5 per cent last year to 3.5 per cent this year. An anticipated pick-up by the manufacturing sector could have a beneficial impact on overall performance. The National560 words
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169 1988-07-23 2 CLOSE TIES between the armed forces of Asean countries are important as additional avenues of communication between the six-member countries, said Dr Yeo Ning Hong, the Second Minister for Defence (Policy). The ties could provide links between key people who help shape defence169 words
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437 1988-07-23 2 JEFFREY TSANG - By JEFFREY TSANG JAPANESE company Yokogawa is combining two of its three subsidiaries in Singapore to form a regional headquarters taking charge of South-east Asia. The move is part of a corporate decision to divide its global operations into four geographical areas. It437 words
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Article, Illustration303 1988-07-23 2 THE PUBLIC sector's advertising bill has risen by some 20 per cent since it was decided last year that all contracts should be put on open tender. In the first half of the year, government departments and statutory bodies spent $673,000 on tender303 words
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288 1988-07-23 2 PAUL KHOO - By PAUL KHOO THE LEE KUAN YEW Distinguished Visitor, Professor James van Horne, yesterday expressed reservations about the current trend of corporate restructuring in the United States. In a luncheon speech at the Stanford Club of Singapore yesterday, Professor van Home, who is a professor288 words
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409 1988-07-23 2 BOEY KIT YIN - By BOEY KIT YIN SINGAPORE'S newly achieved reputation as a leading hard disk drive exporter has lured US component manufacturer National Micronetics back to Singapore with an initial investment of $12 million. The investments in National Micronetics Singapore (NMS) will be made409 words
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Article1395 1988-07-23 2 AT CONVENTIONAL WHARVES Central Visayos J8 alongside 23.07/2300 Evpo Ageos J5/6 olongside 23.07/1500 VnnI Barth Arrival Departure Glory Seroya/B J2/3 alongside 2307/1500 KEPPEL WHARVES longso J4/5 alongside 2307/1200 Putri Mo war J4 alongside 2307/2359 Al$ Endeavour K30 alongside 23 07/1700 Selmar En'pnse 17 alongside 2307/1500 Borboros Okt1,395 words
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Page 2 Advertisements
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Advertisement201 1988-07-23 2 M A O A Z I H I A Bi-Monthly Publication Now Available in Singapore^ Indonesia Magazine Founder Yayasan Harapan Kita Publisher P.T. Prosindo Nuaantara Pressotama Advisor IbuSiti Hartinah Suharto Chairman G. Dwipayana Managing Director M. Boedilestari Chief Editor Santyo Budi Managing Edrtor Hartoyo Pratiknyo Contributing Experts Prof. Wijoyo Nitisastro201 words
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Page 2 Miscellaneous
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Miscellaneous141 1988-07-23 2 ■//**2 Adelaide Amsterdam ro 15/10 Haze 19/16 Cloudy 34/23 Cleor 37/30 Ooudy 33/25 Cloudy 31/26 Cloudy 32/22 Clear 30/25 Cloudy 29/15 Clear 25/16 Cloudy 31/26 Cloudy 22/15 Cloudy 22/15 fino 20/12 Cloudy 27/15 Clear 13/04 Cloudy 34/23 Gear 30/10 Clear 10/00 Showers 28/19 Roin 26/21 Clear 20/13 Cloudy 31/22 Cloudy141 words
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OVERSEAS
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349 1988-07-23 3 Agencies VIETNAMESE COMMUNIST party chief Nguyen Van Linh told Soviet leader Mikhail Gorbachev in Moscow on Wednesday all Vietnamese troops would be out of Cambodia by the end of next year or early 1990 at the latest, the Vietnam News Agency (VNA) said. TheAgencies - 349 words
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Article230 1988-07-23 3 THE SOVIET UNION and China have agreed to hold a meeting in Beijing next month to work out a peace settlement for Vietnam-ese-occupied Cambodia, a US official said on Thursday. If successful, the talks could remove the remaining obstacle to a summit between the world's two230 words
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262 1988-07-23 3 AFP CHARGES of widespread vote-buying by politicians in tomorrow's general elections show democracy in Thailand is a goal rather than a reality, political observers say. Political scientist Asdang Panikabutr said he believed 3.5 billion baht would be handed out by election candidates to votersAFP - 262 words
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Article80 1988-07-23 3 AFP JAPAN'S economy will continue to grow at the current brisk pace in fiscal 1988 to register a 4.4 per cent growth rate. The Federation of Economic Organisations (Keidanren) polled its 171 member firms in June and July. The survey showed a growing numberAFP - 80 words
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293 1988-07-23 3 Agencies IRAQ said on Thursday that Iran's refusal to hold direct peace talks with Baghdad was a rejection of the UN Security Council Resolution 598 calling for an immediate ceasefire. In a report from Nicosia, Iraqi President Saddam Hussein said theAgencies - 293 words
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243 1988-07-23 3 AFP PRESIDENT Corazon Aquino of the Philippines on Thursday ruled out government intervention and price-fixing in the vital sugar industry but pledged to maintain credit support to producers. Mrs Aquino appealed to reluctant Philippine sugar planters to accept an agrarian reform programme thatAFP - 243 words
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98 1988-07-23 3 UPI PRESIDENT Robert Mugabe of Zimbabwe was awarded on Thursday the 1988 Africa Prize for Leadership for his energetic fight against poverty and hunger Mr Mugabe was praised for his tireless role in promoting racial harmony in Zimbabwe, formerly Rhodesia, following independence from BritainUPI - 98 words
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Article967 1988-07-23 3 ARRIVALS Operator Service Local From number time CAl CI333 0405 TPE SIA SQ40t 0555 CMB SIA SQ41 0610 MAA MAU MK/ 0730 MRU SQ746 SIA SQ23 0755 AMS/BOM MAS MH640 0820 KUL SVA SV398 0835 JED/RUH KAL KE624 0840 KUL SIA SQ417 0845 DXB/KHI MAS MH651 0910967 words
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170 1988-07-23 3 AP FORMER US president Jimmy Carter said on Thursday that communism would have died in Nicaragua long ago had it not been for the failed policies of the administration of President Ronald Reagan. Restoring peace and human rights to that country "can still beAP - 170 words
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Article, Illustration535 1988-07-23 3 Poll shows him ahead of Bush Agencies MICHAEL DUKAKIS, accepting the Democratic presidential nomination. issued a Kennedy-style pledge to get America moving again. He proclaimed that "the Reagan era is over and a new era is about to begin". "We're goingAgencies - 535 words
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265 1988-07-23 3 AP TOP WHITE HOUSE aides met in Santa Barbara, California, on Thursday to map out what chief of staff Kenneth Duberstein said would be an "energetic, active last six months" for President Ronald Reagan's administration. As Mr Reagan vacationed at hisAP - 265 words
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Page 3 Advertisements
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Advertisement66 1988-07-23 3 fI 1m \l J W \rv Ifl The business person's choice, every I I II 11l I Tuesdo Th u r sdoy. Saturday and 1 1 ml IV m Sunday. Leaving Changi Airport a» I V_ J I 1 JL 22 05 hours and arriving at Lester B Pearson International66 words
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Advertisement127 1988-07-23 3 Jazz up your brunch corner Come for a sumptuous spread of an EastWest Brunch Buffet and be entertained by the talented group JAZZMEN. Having performed on TV recently on the "JAZZCLUB" programme, Steven Rufus with his saxophone. Eddie Jansen with his bass guitar and Tony Zee with his drums team127 words
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Page 3 Miscellaneous
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Miscellaneous54 1988-07-23 3 Doonesbury GOVERNOR, AMY CHANCE OF A LAST-MJNUTB CRBPBNVAIB CHALLENGE FROM 7 W JACKSON fVRC&* zT '/WHATEVER PO YOU MEAN, ROLAND? 2\T£ a a /A IS ll P. I BY GARRY TRUDEAU I THINK YOU KNOW, GOVERNOR.' QUAUFYTHESUPERP&LEGATES, YOU COULD P&NYTHE PUG A FIRST- BALWTNOMINAWN, RJ6Hr *f YOU'RB SMOKING, NOUJ, ROLAND'54 words
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MONEY AND EXCHANGES
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Article435 1988-07-23 4 EURODOLLAR futures yesterday opened lower on Simex from the previous close following the weaker dollar, higher Fed funds and rising oil prices. Fears of the Fed tightening interest policy put a cap to any upside movement. The Sept contract opened six ticks lower from previous close at 91.59 and435 words
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Article215 1988-07-23 4 IMM currency futures on Thursday closed sharply higher and near the highs of the session set late in the day in some contracts. Sentiment that the dollar was overbought after recent gains and due for a correction sparked initial buying in currency futures. Follow-through commercial and commission house buying215 words
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Article173 1988-07-23 4 Gold futures on July 21 100 troy ounces; USS per troy ounce Opon High Low S*W« Jul 447.00 447.00 447.00 441.80 -2.90 Aug 445.20 448.80 442.00 442.70 -3.00 S.P 445-50 -3.00 Oct 431.50 455.00 448.00 448.60 -3.00 DK 457.50 460.90 453.50 454.50 -3.00 F«b 463.70 463.90 460.50173 words
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Article1657 1988-07-23 4 OCBC Reuter SINGAPORE: The US dollar yesterday closed easier against most major currencies. Against the Singapore dollar, the US dollar closed easier at 2.0370/80 in volatile trading. It traded within a range of 2.0325 and 2.0393. It opened initially at 2.0370/80. The dollar fell to a late 131.10/20OCBC; Reuter - 1,657 words
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Article60 1988-07-23 4 THE OVERNIGHT rate on the Singapore money market fell 2-3/4 points to close at 2 per cent yesterday. One month and two months fell 1/16 point, while three months fell 1/8. n% nterbank rates at the close yesterday: cm* mo 2 13/4 1-month 4 5/8 1/2 2-monlh 460 words
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Article115 1988-07-23 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****N 20.10.88 3-87 3.82 3.91 3.88 6 months BY*****H 22.09.88 3.96 3.91 3.96 3.94 1 year BY*****S 20.07.89 4.25 4.20 4.24 4.22 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing115 words
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Article, Illustration202 1988-07-23 4 Indicates the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on July 22 us$ DM SWFC Yen 7 dayt 8 7 7/8 10 1/8 10 4 5/8 l/J J 7/8 3/8 5 4 7/8 1 rMh 8 1/16 7202 words
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Article358 1988-07-23 4 ASIAN DOLLAR deposit rates closed steady yesterday at slightly firmer opening levels, but trading turned quiet in the afternoon after a thin morning session. Most operators were awaiting yesterday s US June consumer price index due at 1230 GMT. The market was also looking forward to next358 words
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Article1274 1988-07-23 4 CURRENCY FUTURES OPTIONS Friday, July 22, 1988 DEUTSCHE MARK (SIMEX) A«« M can* Hlfpi LM IM 53 54 55 511 50 51 5* 178 21 57 51—7 58 3 59 CA1 tap 88 caMs High Lew M 53 54 55 904 94 5* 57 58 13* 16 59 71,274 words
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Page 4 Advertisements
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BANKING AND FINANCE
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Article271 1988-07-23 5 Reuter A DRAMATIC SHIFT in the investment behaviour of private and institutional domestic investors is boosting West Germany's money supply, the Bundesbank said in its monthly report for ly"The low readiness (of investors at home) to invest long-term in the domestic bond market has strengthenedReuter - 271 words
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351 1988-07-23 5 FT BANKERS TRUST, the big New York bank which attracted worldwide attention earlier this year for the enormous profits it made in the foreign exchange markets in the wake of last October's stock market crash, has revealed it had made US$BO millionFT - 351 words
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Article139 1988-07-23 5 Reuter BANKAMERICA Corp, the West Coast bank that suffered big losses in recent years, continued its comeback on Thursday with a strong second-quarter profit of US$l62 million that surpassed most expectations. It was Bank America's fourth consecutive profitable quarter, fresh evidence that the banking giant is trulyReuter - 139 words
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157 1988-07-23 5 Reuter BRAZIL RECOGNISES that in future it will not be able to meet its borrowing requirements through syndicated loans and aims instead to raise money on the world bond markets. Finance Minister Mailson Nobrega said. "In 1989. we may start touching theReuter - 157 words
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Article, Illustration333 1988-07-23 5 Reuter AFP BRITAIN'S Chancellor of the Exchequer Nigel Lawson on Thursday defended the adjustment of interest rates as a means of controlling inflation, hours after Prime Minister Margaret Thatcher expressed full support for his policies. "Short-term interest rates are, of course, the market routeReuter; AFP - 333 words
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604 1988-07-23 5 Reuter SIX successive interest rate rises aimed at tightening the UK authorities monetary stance have scared off companies seeking to fix borrowing costs and left the swap market struggling, dealers say. "Swap activity, which has fallen to a low ebb, will revive onlyReuter - 604 words
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COMMODITIES
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Article162 1988-07-23 5 SINGAPORE August RSS One buyers price was quoted at 268.00 cents/kg yesterday. No Inro activity was reported. On the TSR-20 market, prices also rose. August buyers price ended at 239.50 cents/kg. MALAYSIA August Int One RSS buyer rose to 350.50 cents a kg yesterday. August SMR 20 buyer ended162 words
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Article297 1988-07-23 5 R AS prices In S c*nt*/kg, FOB In bah M NOON CLOSE Buy on S*4l*rs Buyort Selleri Int 1 RSS Prompt 263.00 265.00N 268.00 270.00N Int 1 RSS Aug 88 I 263.00 264.00N 268.00 269.00N Int 1 RSS Sop 264.50 265.50N 269.50 270-5ON Int 2 RSS OP297 words
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Article80 1988-07-23 5 (cann/kg) AUGUST 1988 SEPTEMBER 1988 (current month) (forward month) RAS NOON NOON luytn Sallari Bvyan Saltan SSR 20 231.00 232.00N 231.00 232.00N SSJf 50 229.00 230.00N 229.00 230.00N MRELB Buyan Salleri Buy an Sailer. SMR CV 484.00 486.00N 486.00 488.00N SMR L 484.00 486.00N 486.00 488.00N SMR80 words
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Article144 1988-07-23 5 SCATTERED BUYING demand from European and local Interests ahead of the weekend yesterday lifted the Kuala Lumpur Tin Market two Malaysian cents higher at MslB.Bl a kg In brisk trading. Yeeterday's turnover was 91 tonnes against 64 on Thursday. Despite sterling's strsngth against ringgit, the KLTM price remained144 words
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Article430 1988-07-23 5 MALAYSIAN crude palm oil prices yesterday closed lower. July central region traded lower at M 51.090 per tonne while Aug south was down to Msl,loo. Aug/Sep delivery of RBO palm olein noted sellers at US$447 50 per tonne and Oct/Nov/Dec at US$455. Aug RBO palm oil quoted at430 words
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Article93 1988-07-23 5 The rally continues, but most doubt it will last very long. Bearish fundamentals are expected to dominate the market again next week. Closing prices for crude (FOB origin) US$/borr*i Chang* Topis (Aug) 14.85 +0.10 Minos (Aug) 15.25 undt Dubai (Aug) 13.75 NA WM Texas WTI (Aug)* 16.5093 words
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Article237 1988-07-23 5 Chinese Produce Exchange Seller*' noon doling priest on July 22 (SS/100 kg) Coconut oil But FOB 130.00 OkJ drum FOB 140.00 New drum FOB 144.00 Copra Mixed (Ioom) 73 Pepper Muntok whit* FOB NIW 952.50 Sorowak FOB foq NIW 937.50 Sorowak ipKMl black FOB NIW 567.50 Sarawak Aita237 words
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Article292 1988-07-23 5 London Commodity Exchange Buyer/Seller doting prices onJuly 21 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Bosis in-store London, sellers option CIF London Jul 1055/1056 (1052/1058) High/Low 1057/1050 Sep 1076/1077 (1075/1078) High/Low 1081/1073 Soles 1772) Cocoa Jul 950/958 (952/968) High/Low 965/960 Sep 973/974 (978/980) High/Low 986/970 Soles292 words
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Article148 1988-07-23 5 SOFT red winter wheat futures closed with gains of six to four cents per bushel on the Chicago Board of Trade on Thursday in diminished trade, with September settling at US$3.B6-1/2 after posting a 6-1/2 cent range. No confirmed sales have been reported as yet. but the market was148 words
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Article344 1988-07-23 5 HONGKONG: Gold closed higher in quiet trading yesterday due to a lack of fresh news and factors. A rally, mainly in response to the US dollar's weak tone, stalled following late Japanese profit-taking. Bullion ended at U*****.30/80 an ounce, against an initial 443.50/80 and New York's 441.80/442.30 close.344 words
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Article99 1988-07-23 5 SOYBEAN futures closed mostly higher on the Chicago Board of Trade on Thursday, ranging from down 14 cents per bushel in old crop August to settle at US$B.42-1/2 to up 25 in distant September in fast trade. The three consecutive 45 cent daily limit declines this week turned the99 words
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PERSPECTIVE
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Article531 1988-07-23 6 MEN ARE DYING in the United States from fear of becoming women. This is not the latest fad in a country which has never been found wanting in creating new ways of doing things. According to an article in Psychology Today, American women outlive men by531 words
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Article, Illustration1007 1988-07-23 6 DAVID LEWIS - Vienna and Budapest, capitals until 1918 of the dual Hapsburg monarchy and now of a capitalist and communist country respectively, hope to link up to hold the world's first 'expo' ever split between two cities and the firstReuter - 1,007 words
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265 1988-07-23 6 Lane Khoo (Mrs - Letters to the Editor Lane Khoo (Mrs) Pontiac Hotel Private Limited Lena Khoo (Mrs) Company secretary Dear Sir We regret to state that the report in Business Times on July 13, 1988, on the Pavilion Inter-Continental carried several factual and circumstantial inaccuracies, and that265 words
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Article70 1988-07-23 6 Doctor - Doctor Deer Sir The new Residential telephone directories omit the numbers of doctors and dental surgeons and their names and addresses, yet include residential numbers for other professionals such as architects, accountants and lawyers. Where is the logic of this? Why the omissions? It is surely70 words
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Article59 1988-07-23 6 D W Distant - D W Distant Dear Sir it is practice in Singapore for companies making "rights" issues to shareholders to make available "excess' rights for those interested. However, the forms used by banks operating the CPF investments scheme do not give the option to apply for "excess" shares. Could a59 words
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Article, Illustration177 1988-07-23 6 Phil Chua - Phil Chua Manager, General freight forwarding division. Exhibition forwarding division. KC Dat Dear Sir I refer to your article on July 13. headlined "Shipper cannot hold forwarder liable for delayed consignment, says court". As a practising forwarder for more than 10 years,177 words
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Article171 1988-07-23 6 Deer Sir Since the new SES trading system started two weeks ago, the scenario has been one of brokers and remisiers busily keying in orders on their computer keyboards and not having time to pick up their ringing phones except when the computer breaks down; which171 words
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Article89 1988-07-23 6 Jeffrey Leong - Jeffrey Leong Assistant manager, Raffles City Dear Sir We refer to the article "Raffles City breaks even within 18 months" on July 18. We appreciate your favourable comments. However, we are concerned that some readers may not fully understand the phrase 'depreciation notwithstanding' in the article.89 words
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Article109 1988-07-23 6 Investor - Investor Dear Sir Last week, City Developments announced a revised conversion rate for their TSRs from $5.16 to $4.75 due to the issue of 1 for 5 rights issue at $1.50 each. According to my calculations, this new rate is putting holders of the TSRs in a worse109 words
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Article115 1988-07-23 6 Ron Graham - Ron Graham General manager Pearl and Dean Dear Sir In response to your article titled Poster advertising overtakes bus backs' which appeared on July 6, we would like to say that research information on MRT poster ads will soon be available. The MRTC, to supplement115 words
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Page 6 Advertisements
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Advertisement44 1988-07-23 6 BT welcomes letters from readers. Your letters must include your signature, full name address, and home and office telephone numbers, if any. You may add a pseudonym, if you wish. Address your letters to: The Editor. Business Times. 390 Kim Seng Road. Singapore 0923.44 words
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Page 6 Miscellaneous
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Miscellaneous756 1988-07-23 6 mmMm mmmnb CRYPTIC PUZZLE p~*2 ACROSS F~^T 9 What the hat salesman has that makes news (9) 10 A little depressed when you land (5, 4) 12 Old boy, turn back! (4) 13 Respect, as always, the cover note (6) 14 For the spin-off, Paddy does give one ideas (7)756 words
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Miscellaneous39 1988-07-23 6 BriStcwrJiaiucittctefi Tur bp»n< BuiIDIMG 19 GOirJGfO S€THe TPOX&ST INJ J umy ON EPH?TH does R [&RNK U)P>NT PI BUILONG IfHPiT HIGH 9 CVtNINO STANOAJtO CO. LTD, INI-INI use nook I you Keep Your 1 gONey IN f\ piG&y^ *n«39 words
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Executive Lifestyle
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Article, Illustration311 1988-07-23 7 MOTORISTS driving along Patterson Road on certain evenings this week towards Lido cinema may have been obstructed by vehicles parking where they are not supposed to. On Wednesday, it was a small lorry parked on the double yellow line. On Thursday, it was a car parked311 words
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Article, Illustration1372 1988-07-23 7 BOEY KIT YIN - By BOEY KIT YIN THE WOMAN in the box winks and then blows a kiss as we enter the shop. Inside, another beckoning female strips sensuously, leaving little to the imagination. In a display box, hologram bookmarks and brooches glint. A key chain sits on a shelf,1,372 words
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Article, Illustration679 1988-07-23 7 PATRICIA M SCMEHSCHEL - PATRICIA M SCMEHSCHEL THE OTHER DAY, after struggling out of the sack in the darkness of 6 am, searching for my riding clothes and squeezing into a pair of girdle-like britches and a pair of leather boots, I paused to reflect on how much horses679 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration826 1988-07-23 9 HARISH MEHTA - VISITS By HARISH MEHTA IF ONE happens to be standing on the runway of the aircraft carrier USS Carl Vinson, the resemblance to a floating highway becomes pretty obvious, tempting one to drive a Porsche around its take-off area, with a fine826 words
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1016 1988-07-23 9 RICHARD SEAH - Cancer is it something to be left to chance? HEALTH By RICHARD SEAH THE QUESTION raised recently about the possibility of microwavecooked food causing cancer was just one of many constantly being asked. Can this cause cancer? Can that cause cancer? Ever so often, reports say some substance has been1,016 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration710 1988-07-23 8 SANGEETA MULCHAND - FAIRS By SANGEETA MULCHAND PERHAPS a case of the mountain going to Muhammad if he won't go to it? In this case, Egyptians going to the Japanese department store Isetan in Singapore. Seductive belly dancing music, sumptuous black carpets strewn with gold dust and shimmering710 words
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Article, Illustration589 1988-07-23 10 ROGER LOH - CINEMA By ROGER LOH UNFORTUNATELY, the moviegoing masses don't care much for what film reviewers have to say anymore. Trends dictate box-office receipts nowadays. Rambo can't lose. Neither can Crocodile Dundee, or anything Eddie Murphy does. Which brings us to Fatal Beauty,589 words
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Article516 1988-07-23 10 TRENDS NYT A JAPANESE company is finding the US an even more promising market for its versatile family computer home video game machine than Japan, where one out of every three households owns one Nintendo Co is succeeding with its family computer where AtariNYT - 516 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration797 1988-07-23 11 Roger Loh - Roger Loh COMEDIAN Rodney Dangerfield put it in a nutshell: "If it weren't for pickpockets, I'd have no sex life." If that be the case, at least half of today's lesser known "new" musical artistes would need a wad of green797 words
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Article, Illustration364 1988-07-23 11 JEFFREY TSANG - HANG-OUTS By JEFFREY TSANG FIRST, the cars had their driveins. Now, motorcycle owners can claim their own meeting place. They're calling it Cafe Times. It is situated on the ground floor of the Far East Shopping Centre, opposite Liat Towers, a favourite haunt for "bikers". Ironically,364 words
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Article485 1988-07-23 11 CHARLES SAVAGE - EXHIBITIONS By CHARLES SAVAGE IT'S NOT too often that 60-year-olds start off on something new. And although art imitates life, Teh Siew Joo, at 58, is optimistic that art. if not life, begins at 60. After a varied working career that included stints as an485 words
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Article, Illustration525 1988-07-23 11 FOOD IF YOU really want to taste the food, use your hands. Sri Lankan fare is a spicy, salty blend of Indian, Moorish, Malay, Portugese, Dutch and British culinary styles. Spices form the third biggest item in the average Sri Lankan's household budget.525 words
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Article, Illustration761 1988-07-23 11 Joel Leow - BOOKS Joel Leow T S ELIOT by Peter Ackroyd Cardinal, Sphere Books Ltd, 1988 Paperback, 396 pages. $28.75 EVERYBODY seems to have heard of T S Eliot but few knew about him. His fame among his readers may be attributed to761 words
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Article798 1988-07-23 11 Sakina Dhila-wala - Compiled by Sakina Dhila-wala 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. Broadcaat Newt starring William Hurt, Albert Brooks and798 words
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Executive Lifestyle: Sports
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Article, Illustration483 1988-07-23 12 CYCLING AP JOHNNY WELTZ of Denmark won Thursday's 19th stage in the Tour de France cycling classic while Pedro Delgado of Spain finished third and increased his overall lead. Showing no effects of a drug controversy in which he was cleared late on Thursday, Delgado movedAP - 483 words
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Article, Illustration370 1988-07-23 12 RACING Reuter BRAZILIAN Ayrton Senna, with three wins in his last four races, will be hoping for a repeat of the form, fortune and weather which swept him to victory in Britain earlier this month when he drives in Sunday's West German GrandReuter - 370 words
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Article, Illustration764 1988-07-23 12 JEROME FANDOR - Oh TRdCk With JEROME FANDOR THE NEWLY-FORMED Bukit Turf Club will play host to its second race meeting starting today for Class 1 and 3 horses. The Pesta Sukan Cup meeting features a selection of sponsored races and the Pesta Sukan Cup itself, to be764 words
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407 1988-07-23 12 BOXING AP HEAVYWEIGHT CHAMPION Mike Tyson and manager Bill Cayton moved closer to resolving their differences on Thursday and reached an interim agreement on dividing the purse from the Michael Spinks fight. Tyson received a cheque for US$lO million. Cayton was paidAP - 407 words
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Article171 1988-07-23 12 CRICKET AFP NEW-LOOK England failed to halt the rampant West Indians on Thursday when play eventually restarted on the first day of the fourth test in Leeds. After 39 overs had been lost because of sodden bowlers' run-ups. England slumped to 58 for threeAFP - 171 words
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Article, Illustration450 1988-07-23 12 TENNIS AP TOP SEED Jimmy Connors boat Jimmy Brown 6-2. 6-3 and No 4 seed Aaron Krickstein overpowered qualifier Bret Garnett 6-0. 6-2 in a rain-soaked second round of the U*****,050 DC Tennis Classic on Wednesday. Andres Gomez, the third seed, had to wait moreAP - 450 words
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Article, Illustration187 1988-07-23 12 AFP MATS WILANDER launched holders Sweden's bid to reach a sixth successive Davis Cup final in Bastad yesterday. Thursday's draw pitted the reigning Australian and French Open champion against French number one Yannick Noah in the first singles of their world group semi-final. NoahAFP - 187 words
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Article, Illustration540 1988-07-23 12 ATHLETICS NYT AS GOOD a runner as she is, Delorez Florence Griffith Joyner has been better known through the years for her sense of fashion, starting with her fingernails. At the Los Angeles Olympics in 1984, when they were four inches long, she painted three ofNYT - 540 words
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Article, Illustration175 1988-07-23 12 BASEBALL UPI ELEVEN VICTORIES in 12 games has the Pittsburgh Pirates smelling a pannant or at least talking about it. Junior Ortiz stroked a tiebreaking, two-run double and Bob Walk won his sixth straight decision on Wednesday night, leading the Pittsburgh Pirates to theirUPI - 175 words
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Executive Lifestyle: Personal Investment
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1123 1988-07-23 13 RAMESH CHANDIRAMANI - STOCK WATCH By RAMESH CHANDIRAMANI Special Correspondent SEVERAL readers have written to ask this columnist to reappraise the prospects of stock warrants. Apparently, some investors have been dabbling with warrants without knowing what they're really about. All warrants in Singapore begin life1,123 words
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Article, Illustration314 1988-07-23 13 RC - -by RC WHILE the resilience continues, yesterday's modest fall in the ST Industrial Index took the edge off what otherwise would have been another respectable week for the Singapore stock market. Since the current upmove began in late-May, when the ST Index broke through the 960Source: Investamatic - 314 words
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1018 1988-07-23 13 LONG SHIH ROME - EQUITIES By LONG SHIH ROME FOREIGN INVESTORS who bailed out of the Thai stock market during the October crash are returning in droves in search of under-valued secondary stocks. Volume during the first quarter of 1988 was a hefty US$2 billion, which was1,018 words
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Article119 1988-07-23 13 COMPETITIONS NOTHING very much has happened in the Great Investment Race this week, except that securities house Paul Morgan Associates is still the leader of the pack. The stockbrokers improved their performance to a gain of 37.8 per cent since the games started from119 words
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696 1988-07-23 13 STRATEGIES NYT A STRATEGY based on an expectation of a decline in the Tokyo stock market has backfired for some aggressive New York money managers. A number of these so-called hedge fund managers are said to have sold short the AmericanNYT - 696 words
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Page 7 Advertisements
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Advertisement75 1988-07-23 7 Sincc 1775 1! N NS Breguet: Precision mastery since 1775 Abraham Louis Breguet (1747 1823) was one of the most phenomenal watchmakers history has ever known. His genius was an overriding influence not only on watch-making techniques but also on the beauty of the finished object. Shown here: Model BA75 words
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Page 8 Advertisements
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Advertisement818 1988-07-23 8 COURVOISIERXO -»l ll l 14 Al.lllNl Sweet and Savoury Sizzling Satay July 1-31 Sizzling satay, the all-time local favourite. Succulent mutton, chicken and l)eef skewered and grilled on an o|**n fire. Accompanied by a rich sweet and sayourv peanut sauce, and fresh crisp guava salad. Plus a complimentary mug of818 words
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Advertisement241 1988-07-23 8 1/ July 4th, rceiyday The Belvedere's American buffet lunch is a month-long celebration of July 4th stretching from July 1 31. With Prawns on ice. Smoked turkey breasts. Oyster Rockefeller. Roast I'S prime rib. Apple pie, California snowball and much, much more! Celebrate July 4th everyday for just $31 foraduJts241 words
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Page 9 Advertisements
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Advertisement411 1988-07-23 9 IENTIEIimiN 4 <6 4 kvn Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad and411 words
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Advertisement28 1988-07-23 9 mJ. •m K\C xo COURyOISIER COGNAC Dw armfc* de en fot* om ft* pour obtenir la suUilne er a finesse ce Cognac °a '•ooucEc*«ANa v XO COURYOISIER COGNAC28 words
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Page 10 Miscellaneous
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Miscellaneous1665 1988-07-23 10 Comedies, Elvis and Classicals MOVIES Chevy Chase is Daddy Griswold who plans what he hopes will be a memorable vacation for the rest of the Griswold clan. But from the word "go", the vacation turns out to be one best forgotten in the ludicrous comedy National Lampoon's Vacation. (Today. 12.401,665 words
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Miscellaneous1027 1988-07-23 10 iTSs' Saturday 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 Recording1,027 words
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Page 13 Advertisements
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Advertisement117 1988-07-23 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. y BAUSCH LOMB f -V SEECHB2SM y. He's a man without compromise. And he loves the feel of leather Even around117 words
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STOCK EXCHANGE OF SINGAPORE
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Article24 1988-07-23 14 Company BONUS ISSUE S P P One-for-two Ex-dote, NYA Tuon Sing Books Close: Aug 1 One-for-lO E»-dat®: NYA Books dose: Aug 124 words
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Article271 1988-07-23 14 Company RIGHTS ISSUE AMDS One-for-four $0 50 per share C 1 Holdings 27 million loon stocks in the ratio of S3 loan stock for every five ordinary shares held C K Tang One-for-two $2.25 per share Eoch rights comes with two detachable TSRs The exercise price for the271 words
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Article262 1988-07-23 14 MOUNT PLEASURE HOLDINGS Berhad: 27th AGM at Banquet Hall, Ferringhi Beach Hotel, 12.5km Batu Ferringhi Road. ***** Batu Ferringhi, Penang on Thursday. July 28, at 11am. BUKIT Sembawang Estates Limited: 22nd AGM at 19th Floor, OCBC Centre, Chulia Street, Singapore 0104 on Friday, July 29. at noon. GENERAL262 words
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Article278 1988-07-23 14 Managers' prices for July 23 and 25 Jopon Gr fund Shenton Thrift fund 1 48 087 1 53 087 Singapore Unit Trust UOB Management The Commerce 103 1 10 Umfund 097 097 The Saxngs fund 091 097 Umbond 101 1 005 S'pore Prog Fund 043 047 S pore278 words
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Article, Illustration727 1988-07-23 14 LONG SHIH ROME - By LONG SHIH ROME AMID LACKLUSTRE overseas sentiment, share prices faced steady selling pressure yesterday but late bargain-hunting helped the market to close above the day's lows in moderate trading. Dealers said the pull-back was also due to investors who wished to727 words
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Article5344 1988-07-23 14 Gr's Gr's 1 1988 Tel Last Dlv Dlv Y'ld Net Vol Dav Last Quote Hlg h Low Cod* Company Sale or- C'vr PIE ('000) High Low Buyer Seller SECTION ONE INDUSTRIAL A COMMERCIAL ADEF A 1005 1005 ADEF B 1005 m 139 95 t e 1000 Acma5,344 words
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COMPANY NEWS
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LATEST RESULTS
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Article41 1988-07-23 15 Group pre-tax profit of M 56.9 million (M 58.95 million) on turnover of M 589.78 million (M 591.35 million) for the six months ended May 31. 1988. First interim dividend of two cents is payable on Sep 12.41 words
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Article34 1988-07-23 15 Bhd: Group pre-tax loss of MS2.29 million (profit of MS914.000) on turnover of MS29.56 million (MJ41.24 million) for the six months ended April 30, 1988. No interim dividend is proposed.34 words
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Article25 1988-07-23 15 Bhd: Group net loss of M$63.39 million (MS99.81 million) on turnover of M$17,000 (MS1.67 million) for the year ended June 30, 1988.25 words
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Article, Illustration361 1988-07-23 15 ELAINE KOH - By ELAINE KOH WILLIAM HUNT Holdings, which bought an Australian hotel chain from fugitive tycoon Khoo Teck Puat, has announced details of its massive cash call of HK$l.lB billion to finance the deal. The Hongkong-based hotel group will issue 2.25 billion new shares361 words
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418 1988-07-23 15 LISA LEE - By LISA LEE UNITED INDUSTRIAL Corporation (UIC) has lost out to a Japanese construction group in its attempt to buy The Oriental Hotel in Kuala Lumpur. Market sources say Kajima Corporation has offered to pay up to Ms9o million for the418 words
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325 1988-07-23 15 PROMET Bhd directors have recommended that shareholders vote for the issue of 126.14 million new shares, which will reduce the group s interest-bear-ing debts and improve the debtequity ratio. The marine engineering, property and oil exploration group is seeking shareholders' approval to issue the325 words
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229 1988-07-23 15 INDEPENDENT DIRECTORS of Tonhow Industries and its financial adviser have recommended that minority shareholders reject Bonvests Holdings's unconditional cash offer because it undervalues the company under current market conditions. Bonvests, through its subsidiary BHL Investments Re Ltd, is offering $1.18 cash each for the229 words
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230 1988-07-23 15 Bernama MALAYSIA AIRLINES (MAS) is considering a listing in foreign markets to meet its financial requirements for its five-year expansion programme beginning this year. Managing director Datuk Haji Abdul Aziz Abdul Rahman said to fund the expansion, expected to cost Ms 3Bernama - 230 words
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340 1988-07-23 15 Reuter SINGAPORE'S blue-chip companies and major banks are likely to achieve an average 20 per cent growth in profits in 1988, brokers Merrill Lynch said. The US brokerage house's figures, based on earnings per share, showed that strong growth will be maintainedReuter - 340 words
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Article340 1988-07-23 15 MBT MYCOM BHD has found itself a new buy. The company said yesterday it has acquired 10 million shares or 24.4 per cent of Panglobal Equities for MslB million cash or MSI.BO a share. The shares represent over 90 per cent of the total off-market transactionsMBT - 340 words
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230 1988-07-23 15 Bernama THE NOVATION agreement between the Malaysian government. United Engineers (Malaysia) Bhd and its subsidiary, Projek Lebuh Raya Utara Selatan Bhd (Plus), is to enable UEM to carry out concessions in accordance with the terms imposed by the government. Under the agreement signed on JulyBernama - 230 words
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Article507 1988-07-23 15 II Ei date Books dot* DM peyebie Total tor the year Total last f to M Alex Hldgi 6%«W Aug 30 Sep 9 Sep 26 6% 6% Ayar Molefc 10% (W Jun 29 Jul 13 Aug 5 20% 207c B Sambowong 35% to) Jul 19 Jul 30 Aug507 words
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161 1988-07-23 15 Reuter CHEUNG KONG (Holdings) Ltd chairman Li Kashing placed 41.5 million shares in the company at HKS7.3O each to both local and European institutions after the market closed yesterday, brokers said. They said the placement was well accepted with over-subscription.Reuter - 161 words
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Page 15 Advertisements
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Advertisement321 1988-07-23 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO ASPACO PTE. LTD. MEMBERS' VOLUNTARY LIQUIDATION lAt an Extraordinary General Meeting of the i Company convened and held on Friday, 22 July 1968 at 11.00 a.m., at Bangunan Mcoba Jalan Syed Putra ***** Kuala Lumpar, Malaysia, the following speI clal321 words
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REGIONAL MARKETS
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487 1988-07-23 16 Another plunge unlikely, say analysts Reuter SHARE PRICES on the Tokyo Stock Exchange are likely to fluctuate moderately in nervous trade until the clouds on the international horizon clear, brokers and analysts said last Thursday, following the market's biggest drop this year. The 225-issue NikkeiReuter - 487 words
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241 1988-07-23 16 AP CORPORATE RAIDER Ronald A Brierley has ended his hostile takeover attempt on Calmat Co and has agreed to sell his 19 per cent stake in the company to Japan s largest cement maker, company officials said. Mr Brierley, of NewAP - 241 words
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Article86 1988-07-23 16 Reuter DAIWA SECURITIES Co Ltd will set up separate corporate brokerage and corporate underwriting units in early August, a company official has said. The Finance Ministry has asked securities houses to adopt internal policing regulations to prevent insider trading. Nomura Securities Co Ltd, Japan's biggest securities house,Reuter - 86 words
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Article3340 1988-07-23 16 SHARE PRICES on the Kuala Lumpur stock market were broadly lower yesterday in lacklustre trading with business volume dipping below 30 million units. One analyst said most operators were cautious ahead of the long weekend. The exchange will be closed on Monday for Hari Raya3,340 words
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Article, Illustration165 1988-07-23 16 Reuter RUPERT MURDOCH'S Aus-tralia-based media empire. News Corp. is to seek a listing on the Hongkong stock exchange, a Hongkong newspaper owned by the company reported yesterday. News Corp. the shares of which are already traded in Australia. New Zealand. New York. London,Reuter - 165 words
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Article1407 1988-07-23 16 Hongkong HONGKONG SHARE prices yesterday closed lower on a quiet day enlivened only by an af-ter-hours placement of shares In major property Cheung Kong, brokers said. The Hang Seng Index fell 25.60 points to 2,661.77 and the Hong Kong Index 17.86 to 1,750.96. Turnover was a low1,407 words
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Article133 1988-07-23 16 JULY 22 WON +<• Oail Sugar Daalim Ind Daewoo Corp Oaawoo Heavy Oaiahin Sacuritiaa Dong Ah Pfiar ***** ***** ***** ***** ***** 15S00 -200 1000 1000 -800 1000 unch Dong Suh Stock DongtHj Staal Gold Star Hand Bank HarMI Cement ***** ***** 1300 300 ***** ***** ***** 800 800133 words
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Article489 1988-07-23 16 Reuter TOKYO SHARE prices closed sharply lower yesterday with all sectors down as many investors, still uncertain about where to place their money, decided to take profits and wait, brokers said. "We saw the move into electricals falter, therefore the shift from steels to electricals ran out of steamReuter - 489 words
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Article475 1988-07-23 16 Reuter STRONG DEMAND for leading stocks yesterday helped the Australian share market weather sharp falls on overseas bourses and close slightly firmer, brokers said. They commented that the market had performed much better than expected after Wall Street's Dow Jones industrial index fell 24 points on Thursday and theReuter - 475 words
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Article155 1988-07-23 16 Reuter THE SECURITIES Exchange of Thailand Index rose 2.51 points to 457.50 yesterday on a turnover of 3,232,487 shares worth 491.54 million baht. JULY 22 ■Am Ao Kham Thai 464 2 Ayudhya Invaatmai Tt 474 16 Bangkok Agro-lnd 130 uncti 325 366 unch 2 CabJa 589 -2 Ghana StamReuter - 155 words
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Article284 1988-07-23 16 JULY 22 WT S 1All Sincara Indus 585 ■015 Asia Om«nt 85 00 -1 Cathay Con* 103 50 -2 Chang Hwa Bank 620 00 18 Chang Loong 45 10 -07 Chia Hain Camant 71 00 -1 Chin Hain Flour 27 90 -04 China Cham 55 00 1.5 China Dav284 words
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Article61 1988-07-23 16 JULY 72 AcO|« Mining Anglo Phil A.p«* Mining B AtlM Con B Baguio Gold Basic P«trol»um Bengo«t Con B First Phil Hldgs Lapanto B Marcopp*' PESOS ****** unch Marateei Oriental B Phil Overseas Philex B 039 uncfc Ptcop B PLDT 215 7 San Miguel B 219 1 Seatront Si61 words
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Page 16 Advertisements
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WORLD MARKETS
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Article1041 1988-07-23 17 New York Reuter WALL STREET stocks closed sharply lower on Thursday, with blue chips ending a mostly depressed session below a key psychological level for the third time in two weeks. Traders said a number of factors, including softness in technology stocks and a weakReuter - 1,041 words
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Article1014 1988-07-23 17 London Reuter FALLS OVERNIGHT on Wall Street and in Tokyo had the market makers pushing down prices in London yesterday in moderate early business. The FTSE 100-Share Index opened 9.3 points lower at 1,855.1. On Thursday, the FTSE 100 was 2.8 points at 1,864.4 whileReuter - 1,014 words
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Article1128 1988-07-23 17 Selected indices HONGKONG Hongkong Index Friday 1.759 98 Thursday 1,***** Week ogo 1.811.61 Hang Seng Index Friday 2.661.77 Thursday 2.687.37 WnI ogo 2.***** All Industrials Friday 2.5919 Thursday 2.5886 Week ogo 6 NEW YORK Dow Jones Thursday 2.***** Wednesday 2.***** Week ogo 2.113.62 TOKYO Nikkei Average Friday 27.***** Thursday 27,*****1,128 words
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131 1988-07-23 17 Reuter PLESSEY CO PLC is making a recommended cash offer of 410p for every ordinary share of computer services group Hoskyns Group PLC. The offer values Hoskyns at £164 million. Plessey said it had already received irrevocable undertakings from Martin Marietta Corp of theReuter - 131 words
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134 1988-07-23 17 AP THE PUBLISHER of Business Week is investigating unusual movements in stocks mentioned in its Wall Street column before issues of the magazine hit the streets, a spokeswoman confirmed on Thursday. Mary McGeachy said McGraw-Hill Inc's legal counsel beganAP - 134 words
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Article, Illustration287 1988-07-23 17 UK publisher offers US$BO a share Reuter BRITISH PUBLISHING tycoon Robert Maxwell, frustrated in numerous attempts to buy a major US book house, has proposed an US$BO-a-share bid for MacMillan Inc. MacMillan said on Thursday. Mr Maxwell has long been rumoured to have an interestReuter - 287 words
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Article361 1988-07-23 17 Reuter BRITISH TOBACCO, finance and insurance group BAT Industries PLC needs a pretext to sweeten its USS63-a-share bid and break the stalemate in its quest to acquire US Insurer Farmers Group Inc, analysts said. BAT met analysts in London on Thursday morning. The firmReuter - 361 words
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Page 17 Advertisements
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Advertisement546 1988-07-23 17 Head Office Croeselaan 18. 3521 CB Utrecht The Netherlands Singapore Branch 50 Raffles Place 30-01 Shell Tower. Singapore 0104 Consolidated Balance Sheet As of December 31 (after profit appropriation) Consolidated Statement of Income For the year ended December 31 Report of Independent Accountants We have examined the consolidated balance sheets546 words
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Article, Illustration468 1988-07-23 18 Parliament likely to amend Constitution this year: Rajaratnam Reuter PRIME MINISTER Lee Kuan Yew may be elected to the new post of executive president within this year, a Singapore Cabinet minister said in an interview with Reuters yesterday. Parliament will probably amend theReuter - 468 words
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304 1988-07-23 18 SINGAPORE'S former solicitorgeneral Francis Seow has confirmed that he would contest in the coming general elections, widely expected this year. Mr Seow, who was arrested in May under the Internal Security Act, told Reuters in a report from Kuala Lumpur that "his304 words
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Article, Illustration88 1988-07-23 18 AP THE WORLD'S largsst car, ths custom-mad* Cadillac, "Hollywood Droam", was introduced to ths Japanosa public at a health contra In Osaka, wostern Japan, on Thursday. Ths owner of the health centre bought the 21 -metre, 22-wheel Cadillac with a bedroom, lounge and swimming pool, whenAP - 88 words
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402 1988-07-23 18 Reuter LEADERS OF the main parties in South Korea's National Assembly agreed in principle yesterday to accept a North Korean proposal for political talks aimed at reducing tension on the peninsula. A parliamentary spokesman told reporters the decision was taken at aReuter - 402 words
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371 1988-07-23 18 AP US CONSUMER PRICES climbed a modest 0.3 per cent in June, with declines in petrol and clothing costs nearly offsetting a sharp increase in food prices, the government said yesterday. The overall June increase, which matched the rise for May, wouldAP - 371 words
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74 1988-07-23 18 AFP THE US has signed an agreement pledging US$lO million for the rehabilitation and reconstruction of war-ravaged northern and eastern Sri Lanka, officials said in Colombo yesterday. Thursday's agreement followed another award of US$lO million by the US to Sri Lanka atAFP - 74 words
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123 1988-07-23 18 Reuter THE Australia and New Zealand Banking Group Ltd (ANZ) said it plans to change its rules to allow it to issue share capital denominated in currencies other than the Australian dollar. ANZ managing director Will Bailey said in Melbourne yesterday shareholdersReuter - 123 words
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194 1988-07-23 18 AFP THE PHILIPPINE Senate will reject any treaty extending the lease of US military bases in the country beyond 1991 when the current lease expires, two ruling coalition senators said in Manila yesterday. The forecast came after US Secretary of State George ShultzAFP - 194 words
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364 1988-07-23 18 Agencies THE MALAYSIAN Supreme Court yesterday removed the last legal obstacles blocking a royal tribunal from submitting its report to the King on whether the head of the country's judiciary should be sacked for misconduct. In a unanimous decision, the five-benchAgencies - 364 words
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Article, Illustration499 1988-07-23 18 By BOEY KIT YIN LESS THAN four months after Shell began construction of its $480 million propylene complex, the multinational oil company has put into motion another ambitious $84 million petrochemical plant to make iso-propyl alcohol (IPA), a chemical solvent. The chairman and499 words
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Article104 1988-07-23 18 Reuter COMEX SILVER futures fell on profit-taking yesterday morning, with the market giving a bearish verdict to the Peruvian government's decision to buy silver from state-produced mines at prices above market levels. September silver sank by 15 US cents at U557.66 an ounce, adding to Thursday's correction fromReuter - 104 words
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LATE FILE
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Article67 1988-07-23 18 AFP MAJOR French commercial banks yesterday cut their base lending rates for the first time in more than two years, by an average of 0.35 per cent, following reductions in the Bank of France s leading rates. Banque Nationale de Paris, Credit Commercial de France,AFP - 67 words
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Article35 1988-07-23 18 AFP STOCK prices in Seoul soared yesterday with the news that South Korea had decided to accept a North Korean proposal for parliamentary talks to discuss peace on the Korean Peninsula. AFPAFP - 35 words
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Article59 1988-07-23 18 Oana-TNA FORMER Thai army com-mander-in-chief General Arthit Kamlang-Ek has emerged as the favourite to become premier after tomorrow's general election. Results of two separate opinion polls yesterday show that General Arthit who is a leader of the Puang Chon Chao Thai Party, is the mostOana-TNA - 59 words
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Article59 1988-07-23 18 AFP THERE have been fresh disturbances in the northern Burmese town of Prome ahead of a special ruling party congress. The state news agency said yesterday that Burmese leader Ne Win was scheduled to chair a meeting late yesterday of his Burma Socialist Programme Party centralAFP - 59 words
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Article46 1988-07-23 18 Reuter SHARES of salvage firm Smit Internationale NV roee sharply on the Amsterdam bourse yesterday on investor expectations of large amount of work in the Gulf if there were a ceasefire in the war between Iran and Iraq, brokers said. ReuterReuter - 46 words
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Page 18 Advertisements
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Advertisement153 1988-07-23 18 Tha gold report wm not available BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this and taken153 words
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