The Business Times, 6 August 1988
1988-08-06
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The Business Times
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Title Section12 1988-08-06 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, August 6-7 1988 75 CENTS12 words
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Article257 1988-08-06 1 AP Dow Jones lower NEW YORK stocks declined broadly yesterday morning, faced with news of continuing rapid growth in employment. The Dow Jones Industrial Average slipped 7.11 points to 2,119.49 in the first hour of trading. Losers outnumbered gainers by nearly five to two, with 263 up,AP - 257 words
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133 1988-08-06 1 THE US dollar rose against other major currencies in Tokyo yesterday and gained further ground later in Europe. But trading was generally quiet as traders awaited the US unemployment figures due last night. Some dealers in London said the US currency's strong gains could133 words
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540 1988-08-06 1 ALVIN TAY - By ALVIN TAY, Financial Editor THE UNITED Overseas Bank celebrates its 53rd birthday today with a 20 per cent rise in group net profits to a record $102.1 million for the interim six months. The impressive performance erases the previous high540 words
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Article, Illustration586 1988-08-06 1 FOO CHOY PENG,ANNA TEO - Good news expected on 8-8-88 Second quarter growth likely to be about 10.5 pc By FOO CHOY PENG,ANNA TEO WHEN PRIME MINISTER Lee Kuan Yew makes his traditional address to the nation on the eve of National Day on Monday, he is expected to bring Singaporeans some glad tidings. HeSource: Official statistics - 586 words
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252 1988-08-06 1 AP AN AREA in western Beijing known as "Silicon Village'' has been turned into a experimental zone for developing high-tech-nology products. Hu Zhaoguang, director of the experimental zone, told a news conference yesterday that China needed high-tech products to modernise itsAP - 252 words
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Article, Illustration189 1988-08-06 1 SHARE PRICES in Singapore yesterday rebounded from a low in the morning to close marginally higher on late buying interest. Trading was active. Prices were mixed in the morning after bargain-hunting alternated with profit-taking but there was more buying interest in the afternoon following news189 words
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Page 1 Advertisements
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Advertisement269 1988-08-06 1 Nikon The World's Finest Photographic System. EXECUTIVES at business lunches will have to stay away from a new beer that has been invented by the French because it would give the words drive and motivation a meaning not at all conducive to work. It is an aphrodisiac beer. BT ON269 words
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Advertisement205 1988-08-06 1 Nikon The World's Finest Photographic System. BetaJUx. LfrifyU, i T~ 's&y Not for shrinking violets Page 7 Pariaiai Trivia I just called to say Page 7 Taking the longer, harder road Page 8 CD Rtvtews No risk, no pain, no gain Page 9 We're taking the high road Page 9205 words
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HOME NEWS
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Article, Illustration523 1988-08-06 2 LILY FERNANDEZ - SIA offers jumbo nose jobs at $2m a plane By LILY FERNANDEZ SINGAPORE AIRLINES has sniffed out a sound business opportunity in jumbo nose jobs. Its first nose job, and the only one ever done by an organisation other than Boeing, was completed on Thursday on one of SlA's own523 words
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227 1988-08-06 2 SINGAPORE travel agents feel that the current Licensing Act is not stringent enough, thus making it easy for a person to obtain a licence, according to the president of the National Association of Travel Agents Singapore (Natas). Speaking at the Dragon Year227 words
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380 1988-08-06 2 DINERS World Travel yesterday signed an agreement for a computerised travel management system, possibly making it the first totally computerised travel agency in the region. The agreement was signed with an eight-month-old local software house, Summit Information Systems, and Rexon Business Machines, a380 words
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158 1988-08-06 2 THE BRITISH flag will fly high when a trade mission displays Made-in-Britain goods and services next week. Members of the Leicester Chamber of Commerce trade mission, which will be here from August 15 to 19, will also be looking out for agency and distributorship158 words
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205 1988-08-06 2 FORM FILLING has been simplified for the annual returns of companies reporting to the Registry of Companies and Businesses. The law requires all companies to submit an annual return to the Registry to comply with Part II of the Eighth Schedule of205 words
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205 1988-08-06 2 THE NATIONAL Trades Union Congress, keen to widen its membership, has set up a task force to study how to lure parttimers into the fold. "How to organise these part-time workers is a big challenge facing the unions today," according to the latest205 words
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110 1988-08-06 2 AN ASIAN food processing and packaging technology show will be held in Bangkok in the middle of next year. PropakAsia '89, which is organised by Singapore Exhibition Services in conjunction with Overseas Exhibition Services, will include a conference. The event will be held110 words
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241 1988-08-06 2 A TEAM of government officials and business leaders from Osaka is in town to put across the message to Singapore exporters that their city is the gateway to a $450 billion Japanese market. At the Osaka Economic Seminar yesterday, attended by more241 words
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401 1988-08-06 2 TONG SUIT CHEE - By TONG SUIT CHEE A PARTNERSHIP between a government research organisation and a local company has produced a facsimile system which is a first for Singapore. The system, developed by the Information Technology Institute of the National Computer Board (NCB) and Chartered Electronics Industries401 words
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159 1988-08-06 2 Videophones try them out at Metro Marina FOR THE FIRST TIME, Singaporeans will be able to try out a videophone outside a trade show. From today till Aug 14. two videophones will be available at Metro Marina for people to have "face-to-face" chats on-screen with local personalities speaking from similar159 words
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Article1520 1988-08-06 2 AT CONVENTIONAL WHARVES Asia Moon JI0 06 *****0 1006/2300 Vessel Berth Arrival Departure Beniedi 1888 Putou Jawa Sheraton Seoqoeen 1 Sempurna Seiati Susanna SPC XI Yu ***** MARINA WHARVES J8 J3 0606 M00 06 *****0 0606/1800 07 08/2300 KEPPEL WHARVES Adhi Kayo mar Daiyunshan Equator III •Cola1,520 words
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Page 2 Miscellaneous
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Miscellaneous159 1988-08-06 2 y/S'Z Va Max/ Not* Mln (°C) 13/09 Rain 20/12 Cloudy 37/24 Clear 39/31 Clear 32/26 Sunny 30/26 Cloudy 27/22 Clear 30/25 Sunny 33/19 Clear 18/13 Clear 30/27 Clear 20/10 Cloudy 23/13 Fine 22/11 Clear 27/17 Cloudy 14/05 Clear 36/24 Clear 25/17 Clear 13-02 Fine 26/18 Cloudy 36/27 Cloudy 18/11 Cloudy159 words
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OVERSEAS
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429 1988-08-06 3 Reuter THE JAPANESE government issued an optimistic report on the country's economy yesterday, but officials said the gap between rich and poor was growing and urged the country to extend economic benefits to alt its people. In its annual White Paper, the EconomicReuter - 429 words
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Article1030 1988-08-06 3 ARRIVALS Operator Service Local From number time GIA GA1107 0035 JED/AUH SU SQ11 0040 LAX/NUT MAS AAH601 0140 KUL MAS MH7240 0210 KCH CAl CI333 0405 TPf SIA SQ401 0555 CM* SU SQ41 0610 MAA AAAS MH7366 0730 BKI MAU MK/ 0730 MRU SQ746 GIA GA7309 07351,030 words
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233 1988-08-06 3 AFP THE SOVIET UNION will explore possibilities for expanding trade prospects with the Philippines when a group of experts visits Manila next month, the Soviet Embassy in Manila said on Thursday. First Secretary Yuri Raikov told reporters that the group will includeAFP - 233 words
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236 1988-08-06 3 Reuter PHILIPPINE Foreign Secretary Raul Manglapus has said that a refusal by Malaysia to free 48 Filipino fishermen could lead to a deterioration in relations between the two countries. "If the Malaysian government fails to act on the case, we would haveReuter - 236 words
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259 1988-08-06 3 AP AUSTRALIA intends to protect its trading interests with Canada in the wake of the Canada-US free-trade agreement, Australia's Foreign Affairs Minister has said. Bill Hayden urged Canada to follow Australia's lead in reforming world trade in agriculture starling with Canada's system of agricultureAP - 259 words
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228 1988-08-06 3 Reuter INDIA is getting tired of negotiating with Sri Lankan Tamil rebels. Indian Prime Minister Rajiv Gandhi said on Thursday. Mr Gandhi, on a trip to Madras in south India, said the Liberation Tigers of Tamil Eelam (LTTE) rebels had often goneReuter - 228 words
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113 1988-08-06 3 AFP US DEFENCE Secretary Frank Carlucci arrived in Ankara from the Soviet Union on Thursday for a three-day visit to discuss the future of US military bases in Turkey. Mr Carlucci was to meet Prime Minister Turgut Ozal and army chief General Necip TorumtayAFP - 113 words
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338 1988-08-06 3 Reuter US DEPUTY TREASURY Secretary Peter McPherson said on Thursday the United States welcomed the prospect of a European Community (EC) common market by 1992 but warned the EC not to exclude others as it tears down internal barriers to trade. "WeReuter - 338 words
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112 1988-08-06 3 AFP THE US HOUSE of Representatives on Thursday overwhelmingly passed a bill awarding US$2O,OOO tax-free payments to thousands of Japanese-Ameri-cans who were detained at internment camps soon after the Japanese attack on Pearl Harbor, Hawaii, in 1941. The bill, which President Ronald Reagan has promisedAFP - 112 words
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Article, Illustration559 1988-08-06 3 Reuter BURMA is dangerously close to political chaos, possibly beyond anything its new leader Sein Lwin can do to prevent bloodshed and save the ruling Socialist party, according to Burmese and foreign political analysts. Thousands of anti-govern-ment protesters gathered in Rangoon on ThursdayReuter - 559 words
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Page 3 Advertisements
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Advertisement58 1988-08-06 3 fI }M 1m \f\ Ifl 1a The business person's choice, every I I II 111 I Tuesdoy. Thursday, Saturdoy ond I 1 II II I Sunday. Leaving Changi Airport at A VyX JL 22:05 hours and arriving at Lester B. Peorson International Airport the following day Call your Travel Agent58 words
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Advertisement184 1988-08-06 3 6 I V iS a CHEF PIERROT, MASTERCHEF. THE 7TH BELGIAN GASTRONOMIC FESTIVAL. EXCLUSIVELY AT THE HUBERTUS GRILL. AUGUST 4-14 For the 7th year in succession. Belgian masterchef, Chef Pierrot returns to the Hubertus Grill to bring you delicious specialities from his celebrated restaurant, Chez Pierrot au Surcouf. For a184 words
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Page 3 Miscellaneous
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Miscellaneous24 1988-08-06 3 GOT A MINUTS, UCK* m m m a 111 K jj S^l I hey, Cmon. rr THAPS MIGHT HELP YOU EASY. FEELYOUNG AGAIN. NO.24 words
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MONEY AND EXCHANGES
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209 1988-08-06 4 AFP AMERICA said on Thursday it was providing Argentina with an emergency loan of up to US$5OO million. The measure, seen as concrete support by Washington for the controversial austerity plan launched by the government of President Raul Alfonsin, was announced within a dayAFP - 209 words
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Article1252 1988-08-06 4 OCBC, Reuter SINGAPORE: The US dollar closed firmer yesterday against most major currencies. Against the Singapore dollar, the American currency closed marginally firmer at $2.0468/78 in torpid trading. It traded within a range of $2.0465 to $2.0476. It opened ini- tially at $2.0465/75. The greenback rose steadily againstOCBC,; Reuter - 1,252 words
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Article, Illustration190 1988-08-06 4 Indicates the average of the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on Aug 5 us$ DM SWFC Yen 7 doy* 7 13/16 13/16 10 3/8 1/8 5 4 7/8 2 5/8 3/8 4 5/16 3/16 1 mfh 8 7 7/8190 words
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Article69 1988-08-06 4 THE OVERNIGHT rate on the Singapore money market fell 1/8 point yesterday to end at 4-5/8 per cent. The one and threemonth term rates rose 1/8 and 1/16 point respectively while the two-month remained unchanged. S$ Interbank rates at the dose yester day: OHW w> Overnight 1-monffc 3-momfc69 words
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131 1988-08-06 4 Reuter NEW ZEALAND Prime Minister David Lange said Wellington would reconsider plans to sell Post Office Savings Bank Ltd (Postbank) because it had not been named in the Labour Party's 1987 election manifesto as a prospect for privatisation. "One has to revise that planReuter - 131 words
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Article505 1988-08-06 4 SEPTEMBER Eurodollar futures on the Simex yesterday opened four ticks higher than Thursday's close at 91.60 following a large rise in US jobless claims of 371,000. The September contract firmed to the day's high of 91.63 from the low opening on firmer bond prices due to expectations of strong505 words
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Article104 1988-08-06 4 Treasury bills A Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****A 03.11.88 4.09 4.04 4.06 4.05 6 months BY*****T 24.11.88 4.12 4.07 1 year BY*****S 20.07.89 4.30 4.25 4.27 4.27 Government notes and bonds Period Issue Maturity Coupon Yesterday s closing104 words
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Article308 1988-08-06 4 Asian dollar deposit rates closed steady at opening levels yesterday in quiet trading. Dealers said most operators were sidelined, awaiting the day's release of American July employment data. Term rates eased 1/16 point at the outset due to higher US bond prices and a decline in crude308 words
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Article1314 1988-08-06 4 CURRENCY FUTURES OPTIONS Friday, Aug 5, 1988 DEUTSCHE MARK (SNSEX) Aug M cal NMl LM Is A*§ SS pals 53 54 55 56 57 54 59 50 52 53 54 125 199 2M 52 53 56 58 59 60 61 62 M# 55 56 57 58 59 63 H*h1,314 words
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Article249 1988-08-06 4 Reuter MOST CURRENCY futures on the IMM ended modestly lower on Thursday after a lacklustre session. Prices drifted for most of the day as traders awaited yesterday s release of July US employment statistics. The figures were expected to dictate the near-term direction of American interest rates and thusReuter - 249 words
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Article169 1988-08-06 4 Gold futures on Aug 4 100 troy ounces. USS per troy ounce OpOfl High Low s*m« Aug 432.40 434.00 432.20 433.40 0.10 S«P —r 435.40 -0 50 Oct 438 50 439.30 437.10 438.20 -0.50 DK 443.50 445.10 442.60 443.80 -0.50 F»b 449.60 -0.50 455.30 -0.50 Km 461169 words
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BANKING AND FINANCE
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456 1988-08-06 5 NYT THE BANKAMERICA CORP will not restore a common stock dividend this year, A W Clausen, its chairman and chief executive, has said. He seemed to suggest, however, that a dividend might be restored next year. "Don't expect it in 1988," Mr ClausenNYT - 456 words
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174 1988-08-06 5 Reuter TAIWANESE Finance Minister Shirley Kuo will ask all 14 local banks in the country to meet the net worth requirement of the Bank of International Settlements (BIS) within the next four years, according to a finance ministry official. The official saidReuter - 174 words
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186 1988-08-06 5 NYT THE FEDERAL RESERVE Board gave its final approval on Wednesday to a global accord that would require banks to maintain higher levels of capital. After 15 months of talks with the central banks of 11 other industrial nations, the Fed votedNYT - 186 words
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315 1988-08-06 5 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent MONEY BROKERS in Japan want to trade on overseas financial futures markets, a development welcomed by members of the Singapore International Monetary Exchange (Simex). According to a Reuter report, Tokyo money brokers have asked the Japanese finance315 words
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308 1988-08-06 5 BANK OF SINGAPORE (Australia), which earlier this week signed a pact here to float a US$lOO million note issuance facility. will return to the Asian dollar market to tap more funds. Mr J Bruce Brawn, the general manager and chief executive308 words
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COMMODITIES
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Article522 1988-08-06 5 Reuter OIL PRICES skidded on Thursday after a meeting of senior Opec ministers which the market judged did nothing to deal with a prevailing glut. Traders said prices fell when the cartel's five-man pricing committee ended a session in Lausanne, Switzerland, without seeming toReuter - 522 words
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Article250 1988-08-06 5 SINGAPORE Prices closed lower yesterday with September RSS One buyer quoted at 255.00 cents a kg, down 2.50 cents from Thursday's close. After opening one cent higher than overnight levels. prices eased towards the end of a quiet morning because of the lack of fresh incentives. Prices continued to250 words
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Article91 1988-08-06 5 TRADE was more active yesterday as traders took advantage of a pause in volatility to do business. Closing prices for crude (FOB origin) US$/barr*l Oang* Toph (Aug) 14.75 und> Minos (Aug) 14.70 undi Dubai (Aug) 12.85 0.15 WM T*ias WTI (Aug)* 15.10 -0.14 N*w York dos* previous91 words
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Article95 1988-08-06 5 SOYBEAN FUTURES on the Chicago Board of Trade ended higher on Thursday, but off their 30 US cent per bushel gains, on scattered commission house selling in the final few minutes of trade. August beans ended up 27 cents at USSB.62V4 a bushel. November ended up 26% cents at95 words
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Article99 1988-08-06 5 SOFT RED WINTER wheat on the Chicago Board of Trade closed higher on Thursday, but well below session highs, pressured mainly by sales of between nine million and 10 million bushels of December crop by C D Commodities. Wheat for September delivery ended up two US cents at U553.821499 words
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Article519 1988-08-06 5 MALAYSIAN crude palm oil prices fell yesterday from mitial highs on profit-taking and speculative selling, in sympathy with easier palm oil futures, to close steady Dealers said trading was thin throughout the day as operators were reluctant to take positions ahead of the weekend and Monday's release of519 words
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Article196 1988-08-06 5 THE PRICE of tin on the Kuala Lumpur Tin Market closed steady yesterday at Its 30-month high of M 519.21 a kg, unchanged from Thursday, after rising gradually over the previous seven days. Dealers said only light demand remained evident from European and local interests as most traders196 words
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Article394 1988-08-06 5 HONGKONG: The metal closed lower yesterday in quiet trading on light selling by local and overseas investors. Dealers said gold's weakness mainly reflected the strength of the US dollar. Traders were also awaiting the release of US July unemployment data later in the day. Bullion ended near the394 words
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Article280 1988-08-06 5 RAS prices in S cents/kg, FOB in bale NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 257.00 258.00N 255.00 256.00N Int 1 RSS Sep 88 257.00 258 00N 255.00 256.00N Int 1 RSS Oct 258.50 259JON 256.50 257.50N lot 2 RSS OP 254.50 256.50N 252.50280 words
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Article82 1988-08-06 5 (canti/kg) SEPTEMBER 1988 OCTOBER 1988 (current month) (forward month) RAS NOON NOON kym S«ll*ri Bvy*r> S«4l«r> SS8 20 222.00 224.00N 222.00 224.00N SS* 50 221.00 223.00N 221.00 *****N MRELB Suy*rt S«4I fc»y»r» s.,^ SMR cv 450.50 452.50N 452.50 454 SON SMS I 450.50 452.50N 452.50 454.SON SMS82 words
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Article235 1988-08-06 5 Chinese Produce Exchange Sellers' noon dosing prices on Aug 5 (SJ/100 kg) Coconut oil Bulk FOB 123.00 Old drum FOB 133.00 New drum FOB 137.00 Copra Mixed (loose) 70 sellers Pepper Morrtok white FOB NLW 867.50 Sarawak white FOB foq NLW 852.50 Sarawak special black FOB NLW 475.00235 words
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Article292 1988-08-06 5 London Commodity Exchange Buyer/Seller closing prices on Aug 4 (£/tonn« unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Sep 980/984 (958/969) High/Low 1000/960 No* 989/992 (974/975) High/Low 1002/970 Soles (3693) Cocoa Sep 953/955 (947/948) High/Low 964/945 Dec 942/943 (939/941) High/Low 943/937292 words
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PERSPECTIVE
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Article578 1988-08-06 6 THE ADAGE that necessity is the drive behind invention to rephrase the proverb a little has been proved to be literally true by the news that the French brewer Pecheur et Fischer has developed what is perhaps the world's first aphrodisiac beer. The urge578 words
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Article, Illustration803 1988-08-06 6 JANICE GIBB - By JANICE GIBB Janice Gibb is psychological director with Career Guidance (Singapore) Pte Ltd. THE NATIONAL Productivity Board's task force, currently investigating the job-hopping phenomenon, will no doubt produce some very interesting conclusions. In particular, it should be very revealing to803 words
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231 1988-08-06 6 ANDREW JORDAN - letters to the Editor ANDREW JORDAN General Manager Aela Pacific Region Dear Sir Your recent article in the Business Times of July 22, 1988, entitled "Govt acts to convert documents to PCs" needs clarification. Neither the Singapore Government nor the National Computer Board has commissioned231 words
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145 1988-08-06 6 ALEX ELANGO - ALEX ELANGO Dear Sir I would like to start a simple business and I need great help and support to build up a grand, strong, good foundation. For a start I opened a provision shop in Potong Pasir a month ago. Until145 words
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107 1988-08-06 6 DERRICK TAN - DERRICK TAN Corporate Communication* Offtcar Telecoms Dear Sir We refer to the letter "Listing of phone numbers" by "Doctor" in Business Times dated July 23. 1988 The new residential telephone directory lists the names of doctors, dental surgeons and other professionals if their telephone lines107 words
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667 1988-08-06 6 HIROE IKEMURA - By HIROE IKEMURA Reuter JAPANESE parents are using their children's video game computers to play the share market. Some of Japan s biggest securities houses, which already provided home trading through personal computers to institutional investors and large clients, last monthReuter - 667 words
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Article, Illustration152 1988-08-06 6 ROBERT DUNSTERVILLE - ROBERT DUNSTERVILLE Dear Sir I was disappointed to read the incorrect caption to the picture on page 4 of your issue on Monday. July 4. (The caption read: Mr and Mrs Takeshita cuddling koala bears on a visit to World Expo '88 at Brisbane last Friday.)152 words
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Page 6 Advertisements
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Advertisement44 1988-08-06 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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Miscellaneous732 1988-08-06 6 CRYPTIC PUZZLE ACROSS 8 Hold the murderer, not tied up, inside (7) 9 Deduce there's a number missing (6,3) 13 The man who returned the box was not Nordic (5) 14 Move just the tiniest bit (5) 15 Holding a gun, fire wildly from the vessel (7) 16 Not springy732 words
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Miscellaneous35 1988-08-06 6 Bristol Rankßicia* uJHPiT'S Tl-ic mPiTTeR to ITH FuOee p e>££N SHOufiNG fvr you r&pin C R&OVS. HIGH C vSToR 7 LOPiS IT? feftcriex) IT RT" ue.piS" TuJice >*.vV EVENING STANDARD CO. LTO., IM2-1911 V* I35 words
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Executive Lifestyle
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Article, Illustration1294 1988-08-06 7 MONICA GWEE - By MONICA GWEE TANG WEE SUNG, MD of C K Tang Ltd, knows only too well the dangers of shopping and eating out too often in foreign lands. On his last trip to Los Angeles, traipsing into Dudley Moore's restaurant, 72 Market and1,294 words
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Article, Illustration747 1988-08-06 7 ANDREW RAJKUMAR - just called to say huff puff v with ANDREW RAJKUMAR THE OTHER DAY I almost threw }ut my telephone. I was in the bathtub, engrossed in dreams of the Bahamas, the sun and beautiful girls, when the phone rang. I let it ring until I remembered I was expecting a747 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration746 1988-08-06 8 RICHARD SEAH - HEALTH By RICHARD SEAH IS RUDY HARTONO being cowardly or brave, foolish or wise, stubborn or determined? These questions arise from reports this week that the Indonesian badminton star was not going through with a scheduled heart operation in Australia. At 39, the sportsman is746 words
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Executive Lifestyle: Entertainment & the Arts
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Article269 1988-08-06 10 ELECTION FEVER is very much in the air and names of potential candidates are making the rounds of the grapevine. One senior civil servant, who is among those mentioned, categorically denied he was running. He was quite convincing at it. "I now report to only two269 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration611 1988-08-06 9 Roger Loh - l S A* Roger Loh WHEN LIFE becomes boring, take a risk. Chris Rea did, and. by the looks of things, should have no regrets. A long time ago. he was being groomed, under the diluted direction of producer Gus Dudgeon, to be the611 words
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Article, Illustration819 1988-08-06 9 CHARLES SAVAGE - ADVENTURE By CHARLES SAVAGE "I DON'T THINK I'm an eccentric, but people think I am. I do things spontaneously but other people think I'm rather odd." When you're Edward Kelly and you're planning to drive from London to Sydney in a black London819 words
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Article524 1988-08-06 9 N K YONG - yVine By N K YONG THE PLEASURE of wine is both in taste and aesthetics. Much of the enjoyment and pleasure comes from looking at it and smelling it. Wine should therefore be served in a way which will enhance these qualities. The best type524 words
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Article, Illustration850 1988-08-06 11 SANGEETA MULCHAND - DRAMA By SANGEETA MULCHAND THE NECESSARY STAGE has got five actors stirring its lunchtime offering at the Shell Theatrette on Aug 12. As far as the amateur theatre group is concerned, too many cooks only improve the broth. The cast of Round and850 words
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Article, Illustration729 1988-08-06 11 JAIME LYE - PERSONALITIES By JAIME LYE I WOKE UP in a cold sweat the other night. No wonder. I was having a nightmare in which I was cavorting in leather bondage gear on top of a ferris wheel, clutching a chimpanzee in Calvin Klein jeans and729 words
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Article, Illustration583 1988-08-06 11 PAUL KHOO - CINEMA By PAUL KHOO THINGS don't bode well for John Rambo alias Sylvester Stallone in his latest return to the big screen via Rambo 111. In the age of perostroika and glasnost, our Herculean hero is running out of wars to fight. With the Russian583 words
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Article612 1988-08-06 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Rambo 111 starring Sylvester Stallone. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15, Golden Sultan: 1.30; 4; 6.30; 9. Bedok: 1.30; 4; 7.30; 9.30, Broadway: 1.30; 3.30; 7; 9, Majestic: 1; 3.30; 7; 9.30, Odeon-Katong: 3.30; 7; 9, Regal: 1.30; 3.30; 7; 9.15, Central:612 words
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Executive Lifestyle: Sports
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Article, Illustration403 1988-08-06 12 TENNIS AP NUMBER ONE SEED Boris Becker ousted Rick Leach 6-3, 6-4 on Thursday night to advance to the quarter-finals at the up-set-filled U*****,000 US Hardcourts Tennis Tournament in Indianapolis. Fifth seed John McEnroe moved on with a 6-7, 6-2, 6-3 victory over hard-serving Australian John Frawley, theAP - 403 words
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221 1988-08-06 12 AP ANDRE AGASSI has denied rumours that he will join the US tennis team competing in the 1988 Summer Olympic Games in Seoul. The 18-year-old Agassi issued a statement on Thursday through his management firm, Cleveland-based International Management Group, disputing reports thatAP - 221 words
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Article421 1988-08-06 12 Mike Thumba - Bridge By Mike Thumba LAST SATURDAY, bridge players from all over Singapore converged on the Nanyang Technology Institute (NTI) campus for the NTI Open Pairs Bridge Tournament. Among the 70-odd players were students from the NUS Bridge Club, graduates from the National University of Singapore Society421 words
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Article, Illustration553 1988-08-06 12 Jerome Fandor - on moi With Jerome Fandor THE RACING CIRCUIT swings north to Kuala Lumpur for a meeting of Class 2. 5 and Restricted Terms. Class 5 horses are never good betting prospects because well they are Class 5 horses. There are usually good reasons why they553 words
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Article, Illustration364 1988-08-06 12 MOTOR-RACING Reuter WORLD CHAMPION Nelson Piquet of Brazil has won the last two Hungarian Grand Prix motor races but knows there is little chance he can make it three in a row tomorrow. Perhaps the best Piquet can realistically hope for is third placeReuter - 364 words
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417 1988-08-06 12 GOLF AP FORMER steelworker Walter Zembriski and 1983 title-holder Billy Casper posted 3-under-par 69s in the scorching heat on Thursday to share the first-round lead at the US Senior Open Championship in Illinois. South African Harold Henning, the only other player toAP - 417 words
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Article537 1988-08-06 12 CRICKET BANGKOK is different things to different people. To some, it's the temples and the culture. To others it's the throbbing nightlife, or the fabulous seafood and shopping. To each his own. But recently Bangkok has emerged as a centre for something totally different from537 words
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Article454 1988-08-06 12 BOXING Reuter ROBERIO DURAN, part-time salsa singer, actor and self-de-scribed legend, has come home to Panama to train for a crack at a fourth world boxing championship. Duran. whose sledge-hammer fists brought him the nickname "hands of stone", is hoping to challenge World Boxing CouncilReuter - 454 words
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Article428 1988-08-06 12 AP SUGAR RAY LEONARD came out of retirement on Thursday for the third time and signed a contract to meet Donnie Lalonde in a double title fight later this year. "I told you guys some time ago (after he upset Marvelous Marvin Hagler for theAP - 428 words
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Article, Illustration400 1988-08-06 12 SNOOKER SNOOKER, having saturated the market in Britain and made significant inroads in North America and the Far East, is embarking on an invasion of the European mainland with cash incentives equal to those on offer for the400 words
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270 1988-08-06 12 AFP WORLD NUMBER TWO Jimmy "whirlwind" White led the charge of the professionals into the quarter-final round of the Hongkong Snooker Masters with a convincing 3-1 win in the best-of-five preliminary round on Thursday. Playing in his characteristic rapid-fire style, a confident WhiteAFP - 270 words
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Executive Lifestyle: Personal Investment
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Article, Illustration739 1988-08-06 13 RAMESH CHANDIRAMANI - STOCK MARKETS By RAMESH CHANDIRAMANI INFLUENCED by a desire to curb rising inflationary pressure, central banks in the major industrialised countries have taken action that has caused interest rates to rise again. They had started tightening monetary policy since March, after it739 words
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Article, Illustration621 1988-08-06 13 RC - by RC FOR SOME WEEKS NOW, this columnist, while still sounding generally quite positive about the market's long-term recovery potential, has recommended that a cautionary stance be adopted. That the local bourse has done very little to match my expectations of a technicalSource: Chartamatic - 621 words
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Article, Illustration679 1988-08-06 13 MALAYSIAN ECONOMY This is a condensed version of a special topic paper prepared by The Thornton Group, international fund managers with offices in London, Hongkong, Sydney and Tokyo. A RECENT research trip to Malaysia confirms that a reappraisal of our hitherto negative stance towardsSource: Department of Statistics - 679 words
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Article204 1988-08-06 13 MAGDALENE NG - INVESTMENT RACE by MAGDALENE NG THE GREAT Investment Race, now in its third month, has become more interesting. Although Paul Morgan Associates continues to lead, it is starting to face stiffer competition from the second- and third-placed rivals. While the local stockbroking firm improved204 words
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662 1988-08-06 13 KEVIN GWEE - Keeping trade... by KEVIN GWEE THE AUSTRALIAN dollar is expected to rise. This prediction was made by Australian investment bank Bain Co Ltd. which cites improving economic fundamentals to support its claim. Australia has been enjoying improving trade and662 words
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318 1988-08-06 13 ART by Sotheby's Research Department IN THE ABSENCE of any significant salesroom activity. this week begins the first of the full season reviews of each of the major sectors of the art market covered by Sotheby's Index. The first sector covered is Oldby Sotheby's Research Department - 318 words
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Page 7 Advertisements
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Advertisement152 1988-08-06 7 CONNOISSEURS F O R COLLECTORS When choosing your Dun hill Elite, let The Hour Glass enhance th e occasion. IS m At Hie Hour Glass, we see ourselves as connoisseurs. And our customers as fellow collectors. Not onh> can u€ show you llic widest choice ofDunhtll timepieces in the city,152 words
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Page 8 Advertisements
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Advertisement813 1988-08-06 8 COURVOISIERXO -vvn n 14 I Vl.l KM I SUNDAY FAMILY LUNCH 5 "-V fv Bnng the family for a fabulous meal of fresh seafood and Chinese dishes from our ala carte menu. At a generous 25% off the bill. But only on Sundays between 11.30 am and 2.30pm. And for813 words
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Advertisement204 1988-08-06 8 ZM The Matterhom beckons I Savour the works of Swiss masters at the Belvedere. In our month-long fair stretching from August 1-31. With Jellied trout, Rindsroellschen, Fresh oysters, Sauerkraut swiss style, Fondue neuchateloise, Nut croissants, authentic Swiss rolls and lots more! Come enjoy over 60 traditional favourites at just $31204 words
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Page 9 Advertisements
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Advertisement296 1988-08-06 9 ENTERTAIN 4 f 4 SW Sunday Brunch: A great family outing If s a wonderful way to combine a late breakfast with an earty 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 salad296 words
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Advertisement205 1988-08-06 9 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM jw* For between $26++ and $40+ I y ou can se ect fr° m our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main205 words
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Advertisement47 1988-08-06 9 J r V %2 xo COURyoiSIER cognac (r^o^ anne« J f vieilhssrment en ftits dp chenc ont et* nfcrsw.res i*>ur obfe nrr I* subtile rf a finesse d* ce .'ognac /tl Of Htf Sj L a k <y <> c 1 !©roo 4 l\v\V 4 xo COURVOISIHR COGNAC47 words
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Page 10 Miscellaneous
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Miscellaneous1568 1988-08-06 10 W-~ SIOIS TO WATCH Garbo, Wizard of Oz and Melville Movies Four hotel guests are suspected of murder when a best-selling suspense author is pushed to his death from a resort hotel in Perry Mason: The caee of the Sinister Spirit Raymond Burr is the brilliant criminal lawyer. (Today, 10.30pm,1,568 words
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Miscellaneous1054 1988-08-06 10 TIT SATURDAY BBC 88.9 mHz in VHF Band II 6AM World News 6.09 The World Today 6.25 Presentation Programme 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 8.301,054 words
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Page 11 Advertisements
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Advertisement249 1988-08-06 11 the stomach investment? Most executives are very good about taking care of their investments. Of the financial kind that is. But when it comes to their health, they fall short. Let's face it. When was the last time you really took care of your body? I mean really take care249 words
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Page 13 Advertisements
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Advertisement28 1988-08-06 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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Advertisement561 1988-08-06 13 ICS THE INSURANCE CORPORATION OF SINGAPORE LIMITED (A MEMBER OF THE DBS GROUP) (Incorporated m the Republic ot Singapore) To: All Shareholders (I) UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 1988 Group 1 (a) Turnover: General Insurance Reinsurance Premiums Life Insurance Premiums Underwriting Management Service Fee 2 (a)561 words
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STOCK EXCHANGE OF SINGAPORE
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Article40 1988-08-06 14 Company RIGHTS ISSUE C K Tang One-for-two $2 25 per shore Eoch rights comes with two detachable TS(s The exercise price lor the TSh, expiring on May 31, 1990. is $225 Ex-date: Aug 3 Books close: Aug 1640 words
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Article267 1988-08-06 14 Company RIGHTS ISSUE AMDS One-for-four $050 per shore C t Holdings 27 million loon stocks in the ratio of $3 loon stock for every five ordinary shares held Duta Cons One-for-one $1 10 per share F N Two-for-five $300 per share F A C B One-for-one $060 per267 words
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Article194 1988-08-06 14 MALAYAN CREDIT Limited: 26th AGM at Room 835, 8th Floor, South Wing. Mandarin Hotel, Orchard Road. Singapore 0923, today at 10am. SINGAPORE AIRLINES Limited: 16th AGM at the Collyer Room. 4th Level. The Westin Stamford and Westin Plaza, 2 Stamford Road, Singapore 0617, today at 11am. HARRISONS Malaysian194 words
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Article310 1988-08-06 14 Managers' prices UOB Management for Aug 6 and 8 Unifund 101 101 Untbond 101 103% Singapore Unit Trust MARA-Bumiputra The Commerce 1 OS 1 12 First B'pu'ra Second B'putra Third B'putra Fourth B'putra Fifth B'putra S»*th B'putra 6 69 605 4 43 519 2 94 359 6 74310 words
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Article, Illustration693 1988-08-06 14 LONG SHIH ROME - By LONG SHIH ROME SHARE PRICES yesterday rebounded from the morning's lows on a late spurt of buying and in the process pushed the Straits Times Industrial Index to a new high for the year. Trading remained active. In a sharp reversal of693 words
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Article5349 1988-08-06 14 1986 High Low Tel Code Company Last Sale ocGr's Dlv Dtv C'vr Gr's rid Net PIE Vol (000) Day High Low Last Quote Buysr Seller SECTION ONE INDUSTRIAL ft COMMERCIAL 140 85 218 167 121 460 178 350 126 167 170 297 59 350 555 565 6855,349 words
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COMPANY NEWS
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525 1988-08-06 15 AFTER being pushed and shoved into the limelight both in Hongkong and Singapore, construction and property group Lum Chang Holdings has decided to tell all. The company yesterday unveiled a good set of full year results, a bonus issue and a rights525 words
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Article37 1988-08-06 15 INDUSTRIAL OXYGEN Incorporated Bhd has reported group profit after tax and minorities of M510.53m (Ms2.7lm) on turnover of M562.72m (M548.13m) for the year ended June 30. 1988. Earnings per share came to 4.86 cents (1.52 cents).37 words
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Article, Illustration430 1988-08-06 15 LISA LEE - By LISA LEE DIVERSIFIED AMCOL Holdings Ltd is staking some $49 million to expand its property portfolio. In a signing ceremony yesterday afternoon, the group agreed to make four purchases comprising three existing residential developments and430 words
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433 1988-08-06 15 ROSIE TAN - By ROSIE TAN INSURANCE CORPORATION of Singapore, the insurance arm of the DBS group, has reported a 36.1 per cent drop in group after-tax profits to $10.77 million for the six months ended June 1988. But it expects good growth in the life insurance433 words
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COMPANY BRIEFS
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127 1988-08-06 15 BONVESTS HOLDINGS Ltd has hived off its property development business to a newly-incorporated subsidiary called Cavendish Realty Re Ltd in exchange for shares. The business to be transferred is valued at $4.02 m which will be satisfied by an issue of 4.02 m127 words
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92 1988-08-06 15 LIM KAH NGAM Ltd has set up a joint venture property development company with Pacific Holdings Ltd. The company, called Balmoral Plaza Pte Ltd, will be capitalised at $Im. It will be 51 pc owned by LKN and 49pc by Pacific. Directors of92 words
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96 1988-08-06 15 CHOCOLATE PRODUCTS (M) has disclosed that negotiations to dispose of a substantial stake in the company have been "inconclusive" and talks have now been indefinitely deferred. CPM said the negotiations were behind the company's request for a suspension of trading in its shares on July96 words
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218 1988-08-06 15 ALUMINIUM COMPANY of Malaysia (Alcom), which has been in the red since 1964, has sharply reduced losses in the first six months of this year and is hoping to show a profit by year-end. For the six months ended June 30. 1988, after-tax218 words
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Page 15 Advertisements
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Advertisement508 1988-08-06 15 LSJLLfc IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PANWIRA ENTERPRISES PTE LTD (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the members of PANWIRA ENTERPRISES PTE LTD duly convened and held at Wing Chong Commercial Building, 4th Floor Room A,508 words
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Advertisement593 1988-08-06 15 In the matter of THE COMPANIES ACT, CAP. 50 and In the matter of EFITON PRIVATE LIMITED NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the Members of the Company duly convened and held at 16 Raffles Quay #18-04. Hong Leong Building, Singapore 0104 on 5 August 1988,593 words
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Advertisement539 1988-08-06 15 IN THE MATTER OF THE COMPANIES ACT, 1 CAP. 50 ANO NS MANAGEMENT CONSULTANTS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General> Meeting of the abovenamed' Company duly convened and held at 257 Selegie Road 14-281 Selegie Complex. Singapore 0718 on the sth day of August 1988. the539 words
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REGIONAL MARKETS
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583 1988-08-06 16 Price to be determined late r MBT THE HEAVY Industries Corporation of Malaysia (Hicom) is buying out UMW Holdings Bhd's stake in Edaran Otomobil Nasional (EON) in what is seen as the final process of a complete overhaul of Malaysian carmaker PerusahaanMBT - 583 words
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172 1988-08-06 16 Reuter THE NEW ZEALAND Commerce Commission has given clearance for Independent Newspapers Ltd, INL, 40 per cent owned by Rupert Murdoch s News Corp Ltd, to acquire the Auckland newspapers of NZ News Ltd. The commission said in a statement that it wasReuter - 172 words
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181 1988-08-06 16 FT KUBOTA, the Japanese farm tractor, construction machinery and engineering company, is to build a production facility for mini-excavators in West Germany. The announcement comes two months after the European Commission began an antidumping investigation of Japanese mini-excavators, following complaints from five EuropeanFT - 181 words
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Article3712 1988-08-06 16 SHARE PRICES recovered on the Kuala Lumpur stock market yesterday to close broadly higher. Trading pace was particularly brisk in the afternoon. Conditions, however, were lackadaisical in the early session and brokers said counters which had advanced well recently were undergoing some technical correction. They3,712 words
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223 1988-08-06 16 Reuter TOYOTA MOTOR Corp. Japan's biggest car maker, and Motorola Inc of the US, are discussing a tie-up in the field of semiconductors for automotive use. A Toyota spokesman said in an interview that various possibilities were under consideration, including jointReuter - 223 words
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Article1445 1988-08-06 16 Hongkong HONGKONG share prices recouped earlier losses yesterday after finding firm buying support at lower levels. The Hang Seng Index lost 6.20 points to close at 2,671.17 and the Hongkong Index shed 2.82 points to 1,767.39. Turnover was a lacklustre HK5528.10 million, against Thursday's HKS63S 931,445 words
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Article132 1988-08-06 16 AUG 09 WON Cheil Sugar ***** -200 Oaelim Ind ***** -1000 Daewoo Corp ***** -500 Daewoo Heavy ***** -200 Daiahin Sacuritiaa ***** -500 Dong Ah Pttar ***** -300 Dong Suh Slock ***** -200 Dongbu Steal Gold Star ***** ***** -400 -200 Hami Bank ***** 200 Hanil Cement ***** unch132 words
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Article519 1988-08-06 16 Reuter TOKYO share prices closed mixed yesterday but the Nikkei Average climbed to an all-time high on a late afternoon rally. Traders focused on in-centive-backed and selected financials in an otherwise listless session. The Nikkei Average rose 130.72 points to a record 28,423.38, surpassing the previous record of 28,366.33Reuter - 519 words
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Article460 1988-08-06 16 Reuter THE AUSTRALIAN share market yesterday closed higher as buying enthusiasm tor leading industrial stocks spread into other sectors. Dealers said much of the renewed interest centred on Lend Lease Corp, Westpac Bank and News Corp. "The local institutions were out there buying again," one broker said. "The cobwebsReuter - 460 words
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Article161 1988-08-06 16 Reuter THE SECURITIES Exchange of Thailand Index rose 2.85 points to 470.70 yesterday on a turnover of 4,974,204 shares worth 540.08 million baht. AUG 06 BAM1 Ao Kham Thai 462 r Ayudhya Invaatmant 464 Bangkok Agro-lnd 128 Bangkok Bank 323 Bank Of Ayudhya 360 Charoong Thai Wira Cable 501Reuter - 161 words
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Article292 1988-08-06 16 AUG OS MT S All Sincere Indus 5 96 ■015 Asia Cement 9650 25 Cathay Cons 123 00 35 Chang Hwa Bank 791 00 23 Cheng Loong 43 40 -1.3 Chia Hsin Cement 74 50 -1 Chin Hsin Flour 30 60 0 8 China Chem 57 50 -15 China292 words
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Article76 1988-08-06 16 AUG OS PESOS AcO|« Mining Anglo Phil Ap*x Mining B 0 041 -0 001 Atlas Con B 22 75 -0 25 Baguio Gold Basic Patroiaum Banguel Con B 92 1 First Phil HiOgt 1375 -05 Lapanto B 052 unch Marcopper Marsteei Oriental B Phil Overseas Phitax B 0 3776 words
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WORLD MARKETS
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1045 1988-08-06 17 New York Reuter BLUE CHIPS ended slightly lower on Wall Street on Thursday, snapping a five-session gaining streak. Traders and analysts cited a number of factors, including caution before the July jobs data due out yesterday, and consolidation of last week's sharp gains. AnalystsReuter - 1,045 words
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Article1041 1988-08-06 17 London Reuter LONDON EQUITIES moved ahead yesterday after a hesitant start mainly on revival of speculative demand but volume was light and interest very selective, dealers said. Many of the top 100 shares posted gains with the FTSE index of these issues opening 4.4 points higher atReuter - 1,041 words
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Article1134 1988-08-06 17 Selected indices HONGKONG Hongkong Index Fridoy 1,767 39 Thursdoy 1.770.21 Wee* ogo 1,771.43 Hang Seng Index Friday 2.671 17 Thursdoy 2,677 37 Week ogo 2.678 92 All Industrials Friday 2.6201 Thursday 2.6026 Week ago 2.565 7 NEW YORK Dow Jones Thursdoy 2.126 60 Wednesday 2.134 07 Week ago 2.082 321,134 words
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179 1988-08-06 17 Reuter FRANCE'S two main water companies are building stakes in British utilities ahead of the privatisation of UK water networks as part of a plan to expand their European interests before 1992. French officials said. Officials at Lyonnaise des Eaux and CompagnieReuter - 179 words
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612 1988-08-06 17 Company also to pay USsl3.7m in restitution Hertz NYT THE HERTZ Corp has pleaded guilty to defrauding 110.000 customers and other motorists and insurance companies by charging them inflated and sometimes fictitious collision-repair costs. As part of a plea agreement with the government inNYT - 612 words
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303 1988-08-06 17 Reuter A US FEDERAL grand jury has indicted five officers of a small investment firm and a former trader of Wall Street s tainted powerhouse Drexel Burnham Lambert for income tax evasion, securities fraud, stock manipulation and racketeering, the USReuter - 303 words
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96 1988-08-06 17 Reuter PLEASURAMA PLC has rejected a £621 million all-paper bid announced on Thursday by Mecca Leisure Group PLC. "The board of Pleasurama regards the offer from Mecca as being opportunistic, unwelcome and not in the best interest of Pleasurama s shareholders." it said in aReuter - 96 words
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Article, Illustration400 1988-08-06 17 FT FORD, the second biggest US car maker, is seriously considering building or acquiring motor plants in North America for the first time in 10 years. The company is conducting an intensive review of its capacity requirements, and a decision would be taken byFT - 400 words
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Article, Illustration212 1988-08-06 17 AFP BRITISH AIRWAYS (BA). which took over financially troubled British Caledonian last December, has announced an 11 per cent drop in pre-tax profit in the first quarter of its fiscal year, BA said its profit fell to £81 million in theAFP - 212 words
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Article, Illustration280 1988-08-06 18 PRIME MINISTER Lee Kuan Yew has been conferred an honorary fellowship by The Royal College of Physicians of Edinburgh. At the presentation ceremony at The Mandarin yesterday, Professor M F Oliver, president of the College, said the award was made in recognition280 words
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141 1988-08-06 18 UPI RINGLING Brothers and Barnum Bailey Circus announced yesterday it will open a clown college in Japan to teach Japanese businessmen to relax and joke around. "We want to teach Japanese business people how to be a little less uptight throughUPI - 141 words
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Article, Illustration295 1988-08-06 18 GENEVIEVE CUA - Chok Tong graces start of N-day celebration By GENEVIEVE CUA DRUMS ROLLED and cymbals clashed as First Deputy Prime Minister Goh Chok Tong stepped through the National Day carnival's colourful arch last night, marking the start of 10 days of merrymaking. Pop music filled the air295 words
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292 1988-08-06 18 AP PRESIDENT Corazon Aquino, saying she will not spare her relatives, yesterday asked a brother-in-law to explain publicly how he gained control of businesses seized by her government shortly after she came to power. "I wish to reiterate what I have said many timesAP - 292 words
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273 1988-08-06 18 AFP OUTGOING Thai Prime Minister Prem Tinsulanonda said in Bangkok yesterday in a farewell address after eight years in power that he hoped the new government would continue to help poor people in rural areas. Mr Prem said he hadAFP - 273 words
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388 1988-08-06 18 BRITISH PRIME Minister Margaret Thatcher has made it clear that her country had every intention to exploit the economic growth potential of the Asia-Pa-cific region. In an pre-recorded interview with Singapore Broadcasting Corporation s (SBC) Friday Background programme, Mrs Thatcher noted that exports388 words
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165 1988-08-06 18 MARTIAL law authorities in Rangoon have arrested 149 people in connection with anti-govern-ment demonstrations that swept through the Burmese capital this week, an official broadcast said yesterday. Radio Rangoon, monitored in Bangkok, said 105 people would face legal action for security reasons and 44165 words
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Article92 1988-08-06 18 UPI INDONESIA is close to appointing a new director of Pertamina, the state-owned oil company. And its former head was to be named Jakarta's ambassador to the United States, government sources said yesterday. The sources said a letter of appointment for Faizal Abdaoeh, Pertamina'sUPI - 92 words
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172 1988-08-06 18 Reuter A US SENATE-HOUSE of Representatives conference committee on Thursday passed a US$3.9 billion drought-relief bill that was shorn of several costly provisions. It is expected to win quick approval from the White House. The bill provides disaster payments of up to US$lOO,OOOReuter - 172 words
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Article86 1988-08-06 18 AN ACT which gives residents a bigger say in the running of their housing estates came into effect yesterday, announced a government gazette last night. The Town Councils Act 1988, passed in Parliament on June 29, provides for town councils to manage Housing and Development86 words
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91 1988-08-06 18 AP THE US civilian unemployment rate edged up 0.1 percentage point to 5.4 per cent in July as the number of jobless Americans climbed by 170.000. most of them teenagers, the government said in Washington yesterday. The Labour Department's monthly survey ofAP - 91 words
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270 1988-08-06 18 THE AMERICAN Business Council (ABC), an association representing US business corporations in Singapore, yesterday issued a statement in support of the US trade bill which was passed on Wednesday. The statement from Mrs Joyce Rasmussen, ABC's executive director, said both the council and270 words
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Article87 1988-08-06 18 Reuter COMEX GOLD futures recovered yesterday to unchanged after spiking through Thursday's lows on selling spurred by the US dollar's upturn. In a quiet market, October gold hovered at Thursday night's close of U*****.20 an ounce after sliding under Thursday's low of U*****.10. Silver futures steadiedReuter - 87 words
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LATE FILE
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Article45 1988-08-06 18 AP MOST US companies lack a strategy or efforts to penetrate the South Korean market, hindering Washington's efforts to cut its growing trade deficit with South Korea, a survey by the state-run Korea Trade Promotion Corp showed yesterday. APAP - 45 words
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Article32 1988-08-06 18 AFP SOUTH AFRICA'S liberal opposition Progressive Federal Party yesterday elected Dr Zac de Beer, an executive director of Anglo American Corporation, as its new leader AFPAFP - 32 words
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Article40 1988-08-06 18 Agencies A PROJECT of Thai King Bhumibol Adulyadej which helps opium poppy farmers shift to cash crops is to receive the 1988 Ramon Magsaysay award for international understanding, it was announced in Manila yesterday. AgenciesAgencies - 40 words
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Article51 1988-08-06 18 AFP THE PHILIPPINE military plans to mobilise and arm 150,000 volunteer reservists this year and next to help in the fight against communist guerillas, retired General Rodrigo Gutang, chairman of the Public Order and Security Committee of the House of Representatives, said in Manila yesterday.AFP - 51 words
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Article31 1988-08-06 18 AFP PHILIPPINE Trade Secretary Jose Concepcion has predicted that the Philippines will join Asia's newly-industrialis-ing countries by the year 2000, his aides said yesterday. AFP.AFP - 31 words
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Article34 1988-08-06 18 Reuter GURKHA LEADER Subhas Ghising yesterday agreed to sign a peace accord ending a two-year campaign for a separate Gurkha state that cost over 350 lives, official sources said. ReuterReuter - 34 words
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Page 18 Advertisements
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Advertisement9 1988-08-06 18 Burma clot* to political chaoa, aay analysts, PAGE 39 words
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Advertisement155 1988-08-06 18 BUSINESS TIMES MCI (P) 95/12/87 s.? m fe >> a r% i i?» A 4 You said yes to all three *r|« 4 fcP* «•»>* questions? Then you could be just the jjfe kind of person Business Times needs. We are looking for bright young graduates with an urge to155 words
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