The Business Times, 27 August 1988
1988-08-27
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The Business Times
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Title Section12 1988-08-27 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, August 27-28 1988 75 CENTS12 words
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Article261 1988-08-27 1 AFP Dow Jones up NEW YORK stocks were mixed yesterday morning, following a broad retreat in the previous session Trading was very slow The Dow Jones Industrial Average was up 7 64 points to 2.018 49 one hour into the session But declining issues took a narrowAFP - 261 words
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151 1988-08-27 1 AFP HONGKONG s inflation rate, now running at a three-year high of 8 per cent, could soar to doubledigit by December, its worst for six years, a leading economist warned yesterday "My guess would be around 9 per cent, but I wouldn t beAFP - 151 words
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Article, Illustration538 1988-08-27 1 LEE HAN SHIH,ELAINE KOH - Last of Hendra Rahardja's fleet slips out of his hands By LEE HAN SHIH,ELAINE KOH HARAPAN BUILDING, the last pillar supporting Indonesian businessman Hendra Rahardja s once impressive property empire in Singapore, has been put up for sale. Sources say the asking price is538 words
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Article, Illustration463 1988-08-27 1 ASIAN STOCK prices tumbled yesterday after a wave of interest rate increases in Europe overnight and amid fears of higher inflation in the US exerting further upward pressure on rates worldwide. The Japanese market shed 1.1 per cent of its value463 words
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295 1988-08-27 1 AFP AUNG SAN SUU KYI. the daughter of Burma s founding father, yesterday made an impassioned plea to a huge crowd in Rangoon, the capital, for a transition to democracy without letting the situation degenerate into civil war "Democracy can be attained if soughtAFP - 295 words
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Article122 1988-08-27 1 THE US DOLLAR closed mixed on Asia's foreign exchanges yesterday. following the concerted interest rate increases in Europe and strong comments from the president of the West German Bundesbank. Dealers, however, said dollar sentiment was still bullish due to a comparatively firm US economy as well as122 words
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Page 1 Advertisements
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Advertisement284 1988-08-27 1 r ika i The World's Finest Photographic System. ELECTIONS 88 On Page 2 No PAP town council help for Chiam Elected president issue Let's debate, says PAP GRCs under attack Defence dollar wasted: UPF More good years or more bad years? CIRTKRT BT on Saturday: 6 The vanishing class The284 words
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Advertisement12 1988-08-27 1 Full report, PAGE 16 Regional Mkts, PAGE 18 World Mkts. PAGE 1912 words
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Advertisement268 1988-08-27 1 'iko The World's Finest Photographic System. Horns horny money Page 7 Persml Trivia Removing the condom barrier Page 7 A treat for the sweet tooth Page 9 WatkßMl TV Weekend programmes; next week's top slots Page 10 Bolshoi Ballet! Page 10 Swing StifiiWß The man behind the mike Page 12268 words
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GENERAL ELECTION '88
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Article, Illustration487 1988-08-27 2 PEOPLES ACTION PARTY THE PEOPLE'S Action Party would not welcome grouping the Potong Pasir constituency with Kim Keat and Whampoa in one town council if Mr Chiam See Tong retains his seat. Trade and Industry Minister Lee Hsien Loong said last487 words
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286 1988-08-27 2 FIRST DEPUTY Prime Minister Goh Chok Tong yesterday said the People's Action Party was ready to debate opposition leaders on television over the elected presidency proposal. Replying to a call by Workers' Party head J B Jeyaretnam for a televised286 words
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Article103 1988-08-27 2 VOTE COUNTING will take I place at 12 centres on Sep 3 as soon as all ballot boxes of the 50 contested electoral divisions < are received by the Returning < Officer that evening. j Voting closes at Bpm. A candidate may appoint a103 words
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Article143 1988-08-27 2 SINGAPORE'S defence dollar would be better spent on education, said United People's Front leader Harbans Singh last night. Speaking at the party's first public rally in Sembawang. Mr Singh said Singapore could cut its defence budget by three-quar-ters. with the balance channelled to reform the education143 words
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319 1988-08-27 2 WORKERS' PARTY SINGAPOREANS would have more bad years if they returned the People s Action Party to power. a Workers' Party candidate said last night What good years?" asked Ms Gertrude de Gracias about the PAP election slogan, reminding319 words
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384 1988-08-27 2 SINGAPORE DEMOCRATIC PARTY THE ELECTED PRESIDENT proposal came under attack again at Singapore Democratic Party rallies last night. At Punggol. party leader Chiam See Tong said preserving Singapore's reserves was an administrative rather than a political issue. "Keeping your money and getting384 words
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Article173 1988-08-27 2 NATIONAL SOLIDARITY PARTY THE CONCEPT of group representation constituencies came under attack by the National Solidarity Party at a rally in Kebun Bahru last night. Fire officer Rasia Thiagarajah, running for representation in Yio Chu Kang. said the one-man-one-vote system should be protected for the173 words
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HOME NEWS
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498 1988-08-27 2 TONG SUIT CHEE - By TONG SUIT CHEE REFLECTING the recovery in the industrial property market, four sizeable lots are on sale. They are a 14-storey flatted factory being built at Henderson Industrial Park; an old building suitable for redevelopment at Hillview Avenue; and two sites at Kallang498 words
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236 1988-08-27 2 A HEARING of the bankruptcy petition by the Prime Minister against opposition politician Seow Khee Leng has been adjourned as Mr Seow has made partial payment of the damages Mr Seow former leader of the Singapore United Front, paid 563.621 on Aug236 words
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161 1988-08-27 2 THE CONSTRUCTION Development Industry Board (CIDB) hopes to train more than 6.000 construction workers annually over the next five years, said its chairman Dr Cham Tao Soon Speaking at a CIDB S 1988 graduation and certificate presentation ceremony yesterday, Dr Cham said161 words
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Article85 1988-08-27 2 SPECS Consultants, the consultancy arm of the Port of Singapore Authority, has been appointed to provide port consultancy services to the government of Western Samoa Appointed by the Londonbased International Maritime Organisation for the job, the Singapore consultant will advise on the set-up85 words
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196 1988-08-27 2 THE MICROPROCESSOR Applications Centre (MAC) has become a technical division ot the Singapore Institute of Standards and Industrial Research (Sisir), enabling it to "play a more effective role in promoting industrial applications of microprocessors'. MAC, which was transferred from the Applied Research196 words
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505 1988-08-27 2 ZHOU MEI - By ZHOU MEI THE BUOYANCY of the Singapore economy was clearly reflected in the 82.1 per cent employment rate of fresh graduates of 1987. In 1986, the comparative rate was 73.6 per cent. But despite the economic pick-up and increased employment opportunities,505 words
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Article, Illustration286 1988-08-27 2 THE MALAYAN Railway Administration (KTM) yesterday revealed details ot a new railbus commuter system at a press conference held at the railway station in Singapore. Running on the SingaporeKulai route, which will be inaugurated on Sep 8 by Malaysian Minister of286 words
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120 1988-08-27 2 SINGAPORE s schools should aim to cultivate in students the grounding for life-long learning, as students will need this attribute to survive in a rapidlychanging world At the same time, students should be taught traditional values of discipline and hard work, and encouraged120 words
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OVERSEAS
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384 1988-08-27 3 Reuter THE WHITE HOUSE said on Thursday that the US budget deficit for the coming fiscal year remained low enough to avoid severe automatic spending cuts in most federal programmes in the run-up to the November presidential elections. But President Reagan warned thatReuter - 384 words
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259 1988-08-27 3 UPI THE UNITED STATES will review the duty-free status of six countries. including Israel, because of charges they have violated worker rights. US Trade Representative Clayton Yeutter said on Thursday. Mr Yeutter accepted petitions to investigate the labour practices of Israel. Burma,UPI - 259 words
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Article901 1988-08-27 3 ARRIVALS Operator Service Local From number time CAl CI806 1000 CGK GIA GA960 1100 CGK SIA SQ105 1105 KUL RBA BI421 1130 BWN TMA TL361 1130 BEY/SHJ StA SQ20I 1145 CGK GIA GA940 1150 MES THA TG403 1155 BKK SIQ SQ191 1155 PEN SIA SQ238 1155 MES901 words
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226 1988-08-27 3 AFP WITH THE US presidential Campaign degenerating into mudslinging over patriotism, Democratic candidate Michael Dukakis reacted angrily on Thursday to a charge that his wife Kitty burned a US flag during an anti-Vietnam War protest in the 1960s The Massachusetts governorAFP - 226 words
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100 1988-08-27 3 AFP AN AIR FRANCE Airbus A--320 with 81 passengers on board was forced to turn back on Thursday shortly after taking off from Charles de Gaulle airport in Paris because of faulty flight controls. Air France sources said the Airbus, Ville de Paris,AFP - 100 words
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293 1988-08-27 3 Reuter PAKISTAN'S NEW army chief has pledged to help restore elected government after the 11-year rule of military President Mohammad Zia ul-Haq, who was killed in a plane crash on Aug 17. General Mirza Aslam Beg was quoted by the official APP newsReuter - 293 words
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461 1988-08-27 3 AFP, AP SENIOR CHINESE leader Deng Xiaoping thanked Japan yesterday for its biggest-ever loan package to China, but said Japanese investment and technological transfers would be more welcome. Mr Deng. 84, looking fit and tanned, made the comment as he called for a "new typeAFP,; AP - 461 words
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306 1988-08-27 3 Reuter HONGKONG will reap many of the benefits from a breakthrough in trade relations between South Korea and China. Korean diplomats and businessmen say. The British colony is the entrepot for an estimated 60 per cent of trade between the two nations,Reuter - 306 words
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Page 3 Advertisements
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Advertisement62 1988-08-27 3 'I tf ji Ifl 1£ The business person's choice, every I I IlVl II I II I Tuesdav Thursda V. Saturday and I 1 II \J II I Sunday. Leaving Changi Airport at JL V/X VV-'JL JL 22 05 hours and arriving at Lester B. Pearson International Airport the following62 words
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Advertisement168 1988-08-27 3 V m *""9frv* t sy* 4fl JV r i •r- *4 >& •£*£s£ MTV -<«-■•■* &v -;-.•»'•-..m&M: i Burberrvs'i ii LC •V* Authorised Dealer* DA/MARC ISETAN-HAVELOCK. ORCHARD LE CLASSIQUE METRO GRAND LUCKY PLAZA ROBINSONS SOGO FAR EAST REPTILE HOUSE F J BENJAMIN CHANG! .AIRPORT GRAND CLASSIC HALLEYS DEPARTMENT STORE HULK168 words
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Page 3 Miscellaneous
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Miscellaneous65 1988-08-27 3 mmi //Ai Cloudy Clear Cleor Cleor Cloudy Cloudy Showers Sunny Clear Clear Cloudy Rain Rain Cloudy Cloudy Cloudy Clear Cleor Cloudy Cloudy Clear Cloudy Fin* Cloudy Rain Cloudy Cloudy Cleor Cloudy Fine Clear Cloudy Clear Sunny Clear Cloudy Cloudy Fair Rain Clear Cloudy Cloudy Cloudy Sunny Cloudy Clear Cloudy Singapore65 words
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Miscellaneous72 1988-08-27 3 Doonesbury BY GARRY TRUDEAU uv&ANPeem&H&iiFyou PONT UNPB&TANP GEOGRAPHIC RELATIONSHIPS, YOU CAN 7 (JNP&1 STANP POUVCS, ECONOMICS OR 1 HISTORY'. f wt. n A I IF YOU ARB TO MEST THE CHALLENGES OF THB FUTURB, YOU HAVB TO KNOW UJHBRB IWSBCHAueNGee ARB COMING FROM' Mt&NOURI! 1 §m 1 m UN... KDRBA*72 words
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MONEY AND EXCHANGES
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Article284 1988-08-27 4 ASIAN DOLLAR deposit rates closed slightly higher yesterday compared with Thursday, dealers said. Rates were underpinned by a sharp upward revision in the US second quarter GNP price deflator to 5.1 per cent from 4.1 per cent, a firmer US Federal funds rate and a decline in284 words
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Article, Illustration192 1988-08-27 4 Indicates th« average of the prima landing ratea of 12 major banks in S'pora Interbank market rates (offer/bid) on Aug 26 us$ DM SWFC Yen 7 days 8 5/16 3/16 12 3/8 1/8 4 15/16 13/16 2 1/2 1/4 4 15/16 13/16 1 m#i 8 1/2 3/8192 words
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Article59 1988-08-27 4 THE OVERNIGHT rate on the Singapore money market was unchanged yesterday at 5 per cent The one-, two- and three-month rates rose a uniform 1/16 point S$ Interbank rates at the close yester day: OFFte wo 0»«'night 5 <3/4 7Zo* 5 4 7/8 2 moot* 5 3/16 559 words
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Article102 1988-08-27 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****W 24.11.88 4.28 4.23 4.30 4.21 6 months BY*****T 24.11.88 4.28 4.23 1 year BY*****S 20.07.89 4.73 4.68 4.71 4.65 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code102 words
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Article1492 1988-08-27 4 SINGAPORE: The US dollar closed easier against most major currencies yesterday. Against the Singapore dollar, the US dollar closed easier at 2.0318/28 in dull trading It traded within a range of 2 0545 and 2.0325 It opened initially at 2 0325/35 OCBC KUALA LUMPUR: The US dollar closed1,492 words
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Article486 1988-08-27 4 EURODOLLAR futures opened at the day's high of 90 69 but 8 ticks off Thursday s close Prices eased on profittaking as sentiment remains bearish The December contract dipped to 90 66 before recovering to close 10 ticks lower at 90 67. Currency futures were mixed but steady as486 words
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Article310 1988-08-27 4 Reuter MOST IMM currency futures finished a hectic day on Thursday with strong gains and in the upper half of session ranges Prices rallied sharply at the outset, leaving price chart gaps between the previous session's settlement values and the initial opening levels. Traders reported a brisk pace ofReuter - 310 words
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Article216 1988-08-27 4 Gold futures on Aug 25, 1988 100 troy ounces USS per troy ounce Open High Low Seme Aug 437 00 437 00 ***** 432 80 -2.10 s»p ***** -2 20 Oct 439.50 441 00 435 80 436 4q 2 20 0»c 445 80 446 80 441 80216 words
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Article1512 1988-08-27 4 CURRENCY FUTURES OPTIONS Friday, Aug 26, 1988 OEUTSCHEMARK (SIMEX) Sep 88 eel a Sep 8| pu «s High Low Sen High Low Sett SO 2 52 7A S3 lilt 100 24B 22 24 54 508 44 59A 70 SS 158 18 I25A 139 56 212A 229 57 58 11,512 words
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Page 4 Advertisements
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Advertisement7 1988-08-27 4 Keep your investment decisions on target IUHI7 words
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BANKING AND FINANCE
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409 1988-08-27 5 Reuter THE VEHEMENT attack on the dollar on Thursday by West Germany's central bank president reinforces a view that international policy coordination is being sorely tried and suggests more near-term weakness for the dollar. In a departure from policymakers' usual cryptic comments,Reuter - 409 words
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Article107 1988-08-27 5 Reuter THE Bank of Japan has no plans to raise its discount rate despite the round of rate increases in Europe overnight, a senior Bank of Japan official said yesterday. "Current Japanese monetary conditions do not require a discount rate rise," he said.Reuter - 107 words
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Article299 1988-08-27 5 TWO SETS of numismatic coins will be put on sale by the Board of Commissioners of Currency on Sep 12. The coins are the 1988 $5 Singapore Fire Service centenary commemorative coins and the 1988 sterling silver proof coin set. A statement from the299 words
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266 1988-08-27 5 THE CHAIRMAN of The Great Eastern Life Assurance, Tan Sri Tan Chin Tuan. last night spoke of how the company weathered the ravages of inflation and monetary turbulence in the past 50 years Speaking at the 80th anniversary celebration dinner266 words
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Article, Illustration383 1988-08-27 5 SOH TIANG KENG - By SOH TIANG KENG FINANCE MINISTER Dr Richard Hu last night called upon Singapore insurers to tap the world market for their insurance services because of the small size of the local economy. Speaking at the 80th anniversary celebration dinner of Great383 words
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Article313 1988-08-27 5 Reuter SOVIET foreign trade bankers have signed deals with international credit card firms that could pave the way for wide-spread credit card use in the Soviet Union by Soviet citizens as well as by foreigners. Vladimir Khavronsky. general manager of Vneshekonom Bank, said that theReuter - 313 words
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Article81 1988-08-27 5 Reuter THE FIRST Soviet cooperative bank has been established in an expansion of the banking system designed to ease conditions for non-state enterprise, the government newspaper Izvestia has said. The bank is located in Chimkent, in the central Asian republic of Kazakhstan. Its authorised capitalReuter - 81 words
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COMMODITIES
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Article239 1988-08-27 5 Chinese Produce Exchange Seller*' noon dosing prices on Aug 26 {SS/100 kg) Coconut oil Bulk FOB 118.00 Old drum FOB 128.00 New drum FOB 132.00 Copra Mixed (loot*) 68 sellers Pepper Muntok white FOB NLW 797.50 Sarawak white FOB faq NLW 787.50 Sarawak special block FOB NLW 440.00239 words
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Article217 1988-08-27 5 Reuter SINGAPORE: Prices closed easier with September RSS 1 bid at 247.50 cents a kg, down two cents from Thursday's close. On the TSR-20 Award market, prices held steady at the close on light buying interest, brokers said. September ended bid at 222.50 cents a kg. up one centReuter - 217 words
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Article288 1988-08-27 5 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Irrt 1 RSS Prompt 248.50 249.50N 247.50 248.50N Int 1 RSS Sep 88 248.50 249.50N 247.50 248.SON Int 1 RSS Oct 252.50 253.50N 251.50 252.50N Int 2 RSS OP 247.00 249.00N 245.59 247.50N288 words
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Article304 1988-08-27 5 HONGKONG: Gold closed firmer in quiet trading yesterday. Bullion ended at U*****.80/434.30 an ounce against an initial U*****.00/40 and compared with New York's close of U*****.25/75. On the local market, gold fell HK$B to close at $4,044 a tael. Coins were generally lower with the Krugerrand falling HK$lO304 words
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Article113 1988-08-27 5 Reuter SUSTAINED DEMAND mw the tin price on the Kuala Lumpur market rise lor the eleventh consecutive trading day yesterday, ending two cents higher at 19.70 ringgit a kg, brokers said. Turnover rose to 83 tonnes from 65 on Thursday. Sentiment remained firm on the tin futures market,Reuter - 113 words
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Article84 1988-08-27 5 1— 1 (ctnti/kg) SEPTEMBER 1988 OCTOBER 1988 (current month) (forward month) RAS NOON NOON Bvyart S«ll«ri Buyart S*H*« SSR 20 220.00 222.00N 220 00 222.00N sse so 218 00 220.00N 218.00 220.00N MRELB Buyvrt S*ll*rt Buy»n SMR CV ***** 387 00N 387 00 389.00N SMR L 38084 words
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Article85 1988-08-27 5 A weaker undertone pervaded the market as buyers sat back. Closing prices for crude (FOB origin) US$/borr«4 Chang* Topis (S*p) 14.85 -0.05 Minos (Aug) 14.4S -0.05 Dubai (S*p) 1 3.00 -0.12 W#j» Taxes WTI (S*p)* 15.33 -0.35 N*w York doi« previous day. Products (FOB S'pore) US$/barrel Chang*85 words
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Article470 1988-08-27 5 Reuter MALAYSIAN CRUDE PALM OIL FUTURES extended their recovery yesterday after the recent decline, closing at the day's highs on further short covering ahead of the weekend, dealers said. An uncertain close in Chicago soyoil futures had no impact on sentiment. Oct closed 25 ringgit higher at 997Reuter - 470 words
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Article117 1988-08-27 5 Reuter CBT SOYBEAN futures recovered from morning lows to close Thursday mostly higher in moderate trade, ranging from up 5-1/4 cents per bushel in July to down five in distant August. Steady purchases of soybeans against sales of corn by a leading professional house, possibly on the belief thatReuter - 117 words
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Article307 1988-08-27 5 London Commodity Exchange Buyer/S*lt*r closing prices on Aug 25 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Sep 1019/1032 (1032/1036) High/Low 1038/1018 Nov 1033/1035 (1045/1046) High/Low 1052/1046 Sales (2965) Cocoa Sep 885/886 (990/904) High/Low 898/904 Dec 853/854 (874/875) High/Low 871/847307 words
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Article158 1988-08-27 5 Reuter CBT SOFT RED winter wheat futures closed with gains of 2-1/4 to four cents per bushel in moderately light trade on Thursday. Ongoing Export Enhancement Programme wheat sales and trade-talk that additional EEP tenders are forthcoming supported wheat values from the opening, traders said. However, solid technical resistanceReuter - 158 words
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PERSPECTIVE
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Article448 1988-08-27 6 THE WINDS of reappraisal which are blowing across the landscape of international communism have arrived at the headquarters of the British Communist Party. What they bring is contained in a draft manifesto which will be discussed in the lead-up to the party's biennial congress next year. It448 words
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Article299 1988-08-27 6 J D INDRAN - letters to the Editor J D INDRAN Public Relations Consultant Jurong Shipyard Ltd Dear Sir We refer to your report in Page 15 of Monday's Business Times, "What $100 million contract means for JSL". Our client, Jurong Shipyard Limited, wishes to clarify some points. The shipbuilding contract299 words
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171 1988-08-27 6 Dear Sir, Up to Aug 1. your information on "approved issues" for SPP and Tuan Sing carries an "Ex-date: NYA". On Aug 17, I was told by the registrar that they have gone "Ex". Did your newspapers give us the wrong information? Many171 words
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185 1988-08-27 6 LIM JIT POH - LIM JIT POH Executive Director Lum Chang Holdings Ltd Dear Sir Please refer to the last four paragraphs of the article "Laus. Lee and Lum" under your heading "Taking Stock...". Whatever publicity that has been generated for Lum Chang is as185 words
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Article164 1988-08-27 6 LIM HONG KEAT - LIM HONG KEAT Chairman NPC Task Force on Job Hopping Dear Sir I refer to your article "CPF scheme to check job hopping may be revived" dated Aug 15. 88 on job hopping. I would like to inform you that the task force has yet164 words
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395 1988-08-27 6 Dear Sir Last month when the new City Dev TSR Conversion Price of $4.75 was announced, I found that it was $0.20 higher than my calculation of $4.55. My calculation was made as follows: Old Conversion Price $5160 200 Rights share at $1.50395 words
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Article, Illustration1263 1988-08-27 6 CELIA HAMPTON - By CELIA HAMPTON WHY ARE Acts of Parliament so difficult to read? Many regulate the ordinary business of life for ordinary people, yet lawyers find them hard to understand and ordinary people find them impenetrable. Sometimes the fault lies in the subject, but quite often1,263 words
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Article1550 1988-08-27 6 AT CONVENTIONAL WHARVES JURONG PORT VmmI Berth KEPPEL WHARVES April Glory ICI7 Cotomorco II K16 Doye K35 Equator K22 G Mountain K36 Korl M Stodt K28 Koto Bokti K32 Koto Berkot K33 Koto Mutioro K3I Kris Moduro K3I Monoleverett K2I Ned Rochester C09 No 9 Donom K271,550 words
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Page 6 Miscellaneous
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Miscellaneous20 1988-08-27 6 OUptfsiGC HPvnjOS teireft OF -IHG t foo RTeeNfH EVENING STANOARD CO LIO 1952-IMB IN umrH I PoiMTeD CUPiKGe OUT HPiMDS...20 words
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Executive Lifestyle
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Article407 1988-08-27 7 Polls straws THE DAY before nomination day. an opposition candidate appeared on television complaining that the PAP purposedly chose to hold the elections during "this wetty season". It was "wetty" alright. It rained in the afternoon on nomination day and it poured the following morning But407 words
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Article, Illustration930 1988-08-27 7 SANGEETA MULCHAND - By SANGEETA MULCHAND MONEY. That's all it comes down to. Since the price of rhinoceros horn soared to an all-time high of US$lO,OOO a kg in the last few months, conservationist Or Esmond Bradley Martin's concern for the endangered animal has risen proportionately. Although trading930 words
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Article, Illustration819 1988-08-27 7 MONICA GWEE - With MONICA GWEE WHETHER THE PRUDES like it or not. "condom" is now an acceptable word to use in polite society. And I don't mean the one-swimming-pool-two-squash-courts variety. "It's the fiddling that's so much fun," declares an ad for a brand of condoms in819 words
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Executive Lifestyle: Pursuits
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Article, Illustration386 1988-08-27 8 ILSA SHARP - By ILSA SHARP EFFORTS to save the two highly endangered species ot Asian rhinoceros the Javan and the Sumatran were boosted recently when a new fund-raising Sumatran and Javan Rhinoceros Foundation was established in Indonesia The foundation has a representative office in Singapore. A386 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration671 1988-08-27 9 N K YONG - By N K YONG SWEET WINES are not to everyone s taste, but dessert wines are in a special class and after having been neglected for some time, are now returning to favour This renewed popularity has been aided by the671 words
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Article, Illustration885 1988-08-27 9 GALEN CHAY - The latest buzzword total well-being HEALTH By GALEN CHAY A WATER SKIING incident 27 years ago left a mark on a 28-year-old US Air Force medical officer that was to change the existing concepts of fitness. Ten years later, Lt-Col Kenneth Cooper developed a fitness programme which remains the cornerstone885 words
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Article426 1988-08-27 9 Sakina Dhilawala - Compiled by Sakina Dhilawala British film fest RELC, Orange Grove Road. Admission Free. Greyttroke The Legend Of Tarxan, Lord Ot Tha Apea. Aug 27. 6.30pm Turtla Diary. Aug 27. 9pm. STAGE performances Doubtabill: Round And Round Tha Dining Tabla and Croaaworda. Today. 7.30pm. Drama Centre. Presented by The Necessary426 words
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Article, Illustration239 1988-08-27 9 Chuang Peck Ming - BOOK REVIEW by Chuang Peck Ming Culture Shock! Borneo by Heidi Munan 237 pages Times Books International Available at all good bookstores THIS BOOK is part of a series published by Times Book International to help expatriates adapt to that most239 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration577 1988-08-27 10 LISA LEE - DANCE By LISA LEE Moscow State Bolshoi Ballet Kallang Theatre Sunday, August 28 RUSSIA'S great Moscow State Bolshoi Ballet will take to the stage tomorrow night, dancing to a packed theatre. Hundreds of its fans on the ticket waiting list will probably wait577 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration619 1988-08-27 12 PAUL KHOO,SANGEETA MULCHAND - SWING SINGAPORE By PAUL KHOO,SANGEETA MULCHAND THE PLATFORMS are built, the cranes have been tested, the signallers are prepared and the performers are ready But the sound behind Swing Singapore will rest in the hands of one man disc-jockey Mike Mahendran Mike will orchestrate619 words
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682 1988-08-27 12 STRAW POLL SHENTON WAY executives and professionals are. on the whole, happy with the People s Action Party In an Executive Lifestyle straw poll conducted in the business and financial district, some 81 per cent of respondents fully supported the PAP, although682 words
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Article, Illustration840 1988-08-27 12 Roger Loh - 6y Roger Loh TRY TELLING my grandmother old is new. She couldn't care less that the 50s are in vogue now. Whoever said it's the singer. not the song, was off the mark by a long shot. Old songs buy memories. They840 words
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Article, Illustration659 1988-08-27 12 Mike Thumba - Bridge By Mike Thumba THE Annual Jumabhoy Pairs Tournament was held last month Aside from the winning pair of C S Wu and William Soong, there were two other boards played by a weak pair against a strong pair Tan Peng Huat and Robin Fong of659 words
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Executive Lifestyle: Personal Investment
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Article, Illustration1054 1988-08-27 13 RAMESH CHANDIRAMANI - PRECIOUS METALS Keeping track... By RAMESH CHANDIRAMANI IS THERE an opportunity stirring within the platinum market that investors, traders and speculators seem unaware of? It could well be. given that moderate shifts in the demand-supply balance for the metal produces1,054 words
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Article279 1988-08-27 13 MAGDALENE NG - COMPETITIONS By MAGDALENE NG DARK HORSE Algemene Bank Nederland N V has snatched first place from Oaiwa Singapore in the latest weekly scorecard of the Great Investment Race. It was also the only competitor that had improved its performance. Ail others saw their portfolios wither279 words
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Article, Illustration343 1988-08-27 13 RC - mm \main by RC INVESTOR confidence has shrunk to a low ebb at the local exchange, and little wonder too. In just two short weeks, the ST Index has lost 11.3 per cent, or a hefty 133 points That much ground took the market almost343 words
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868 1988-08-27 13 KEVIN GWEE - CURRENCIES By KEVIN GWEE RISING INFLATION and the massive trade deficit are America s two major economic woes. The billion dollar question is which ailment will the Federal Reserve Board turn its full attention to. How the Fed views these problems868 words
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557 1988-08-27 13 WALL STREET NYT WITH MANY individual investors remaining on the sidelines, wary of a stock market that gives little hint of where it is headed, brokers are scanning the reports of various market strategists for convincing technical or economic projections they can pass onNYT - 557 words
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Executive Lifestyle: Sports
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Article, Illustration467 1988-08-27 14 CHARLES SAVAGE - GOLF By CHARLES SAVAGE M MURUGIAH has won the BP Golf Local Circuit at the Tanah Merah Country Club and broken the spell. Muru. 1987 Order of Merit winner and still leading the Order of Merit, had not. till Thursday. been able to find the467 words
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253 1988-08-27 14 TENNIS AP SECOND SEED Ramesh Krishnan of India advanced to the quarter-finals of the U*****,400 NYNEX Open in New York with a 6-2, 6-1 victory over 15-year-old Tommy Ho on Thursday. Ho beat Matt Anger to win his first Grand Prix matchAP - 253 words
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Article, Illustration473 1988-08-27 14 AP TOP SEEDS Steffi Graf and Ivan Lendl. who can both make tennis history by winning the US Open, gained favourable draws on Thursday for the final Grand Slam tournament of the year Graf, seeking the first Grand Slam sweep in 18AP - 473 words
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Article, Illustration602 1988-08-27 14 ATHLETICS UPI SERGEI BUBKA of the Soviet Union, Said Aouita of Morocco and Sebastian Coe of Britain are jthe star attractions of the lAAF Grand Prix track final at the Olympic Stadium in Berlin for vastly differing reasons Pole vaulterUPI - 602 words
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Article, Illustration705 1988-08-27 14 AFP SERGEI BUBKA says he is nervous about competing in his first Olympics. It is doubtful that sort of talk will fool his rivals. The Soviet strongman has never failed to produce the goods when it matters Eighteen world best marks and two worldAFP - 705 words
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374 1988-08-27 14 AP BLAINE McCALLISTER converted a birdie-birdie start into a three-under-par 67 and a one-stroke lead on Thursday in the first round of the US$9OO,OOO World Series of Golf in Ohio. "In this wind, on this golf course, a 67AP - 374 words
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Article, Illustration426 1988-08-27 14 AP NANCY LOPEZ scored an eagle and three birdies on a four-hole stretch to gain a share of the lead with defending champion Ayako Okamoto of Japan at five-under-par 67 in the opening round of the U*****,000 LPGA World Championship onAP - 426 words
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Article, Illustration486 1988-08-27 14 Jerome Fandor - on TMCK With Jerome Fandor THAT IS the question that punters are asking. That He s Dawan will win the Penang Sprint Trophy is as much a certainty as one can expect in racing. He's Dawan annihilated a Class I field last Sunday486 words
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Page 7 Advertisements
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Advertisement150 1988-08-27 7 (fee CONNOISSEURS F O R COLLECTORS When choosing your Dun hill Elite, let The Hour Glass enhance the occasion. ?< > x >» > w At The Hour Class, we see curseh'es as connoisseurs. And our customers as fellow collators. Not only can we show you the widest choice ofDunhtll150 words
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Page 8 Advertisements
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Advertisement249 1988-08-27 8 COURyOISIERXO -WHERE "TO ENTERTAIN I JiWI'V i fs 5 tr m "a- v < k ><• i. r 'IS r* 05 Traditional jazz at its best. Come on over and swing to the brilliant blend of jazz unique to Jorgen Svare Jazz Quartet. This fabylous ensemble from Denmark will be249 words
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Advertisement190 1988-08-27 8 Cafe Boulevard leads you to 'Hawker lane 9 specialities. foishes that gourmets normally search for in Singapore's streets. From August Ist 31st. all you've searched for will he available at Cafe Boulevard, a la carte. Select from: I'dang Sambal Curry Fish Head Nasi Goreng Istimewa Ay am Perchik Hainanese Chicken190 words
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Advertisement219 1988-08-27 8 PLUM'S ********************1 l YOUR AUGUST FEAST RICH NONYA FLAVOURS AUGUST 22 SEPTEMBER 4 Discover spicy, ftavourful nonya novelties at Hyatt Regency Singapore. Come to Plum's ana let nonya food expert, Christibelle Savage personally prepare "baba" specials just for you. Nonya lunch and dinner buffets Ss2o* HYMTQSAUI^NA s* A IK AS219 words
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Advertisement275 1988-08-27 8 r\ 4 T T T V i 1-/ A 5 m p»1 Bnng the family for a fabulous meal of fresh seafood and Chinese dishes from our a la carte menu. At a generous 25% off the bill. rv'i But only on Sundays between 11.30 am and 2.30pm. And for275 words
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Advertisement260 1988-08-27 8 NN oo d v Allen's ION"! DRINK IK HMH! Produced by special arrangement with >» Samuel French, Inc. The zaniest, finest and funniest comedy by America's to P comic script writer is now in Singapore. "...A master of bright and hilarious dialogue New York Post Book your tables early for260 words
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Page 9 Advertisements
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Advertisement111 1988-08-27 9 jfc .4 i 4* Sunday Brunch: A great family outing It'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 salad and cheeseboard.111 words
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Page 10 Miscellaneous
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Miscellaneous1648 1988-08-27 10 Comedies, Lost Horizon and Chorus Line Movies HORROR MOVIE veteran Vincent Price stars as the man in control of a family funeral establishment which thrives by hastening the demise of customers. A problem in the form of a customer who refuses to die. however, has him and his faithful protege1,648 words
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Miscellaneous1040 1988-08-27 10 r>-'l SATURDAY BBC 88.9 mHz in VMF 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 8.301,040 words
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Page 11 Advertisements
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Advertisement90 1988-08-27 11 '<■ %f: ii V* pi2^ *fea 1/ i> i I m&B t^-SM&ish H/> V w, /y •*3 '9J I %g$ TM gd wm®tt. -v v "v. ■'> A' It --j. V •i- -<■■■• W: m a* A \«f V ii i. s m *M ttifri -i f w fV mKmm®90 words
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Page 12 Miscellaneous
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Miscellaneous718 1988-08-27 12 CRYPTIC PUZZLE ACROSS 8 Strangely inquisitive l7 (7) 9 Money one seeks to earn (6. 3) 13 One continental friend shot by another (5) 14 Right past the turn (5) 15 A little bird perhaps (7) 16 Furthermore the man has entered the competitions (7) 17 The fellow, to annoy718 words
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Page 13 Advertisements
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Advertisement28 1988-08-27 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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COMPANY NEWS
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Article, Illustration521 1988-08-27 15 MAGDALENE NG - By MAGDALENE NG SAMTA GROUP, a previously unknown name in the market until it bought defunct Wannian Holdings Furama Hotel last June, has acquired an 18.4 per cent stake in another hotel-owning company through Samta Investment Pte Ltd. Apollo Enterprises Ltd's chairman Chan521 words
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Article, Illustration207 1988-08-27 15 Bernama THE PROPOSED second board on the Kuala Lumpur Stock Exchange (KLSE) is expected to be launched by the end of this year, pending the approval of the Ministry of Finance. KLSE chairman Nik Mohamad Din bin Datuk Nik Vussof said: "We areBernama - 207 words
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328 1988-08-27 15 GALEN CHAY - By GALEN CHAY THE KLASSE Department Store Sdn Bhd. a retail subsidiary of food group QAF, has sued its landlord over structural faults in the building in Brunei. This is one of four legal actions that QAF is currently involved in. Klasse328 words
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404 1988-08-27 15 LONG SHIH ROME - By LONG SHIH ROME STRONG CORPORATE growth in Thailand's listed banking and construction companies was behind the fast recovery of their share prices since the October crash. The first-half results of listed banks showed an average growth of 54 per cent while construction404 words
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COMPANY BRIEFS
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58 1988-08-27 15 MOUNT PLEASURE Holdings Bhd has called off its proposed acquisition of Plaza Yow Chuan Phase 1 from Low Vat Construction Co Sdn Bhd for MsBom via an issue of 160 m new shares at 50 cents par This is because the vendor is unable58 words
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121 1988-08-27 15 Parkway Holdings Ltd is proposing to implement an employee share option scheme to be called the Parkway Employee Share Option Scheme for its executive directors and employees and a separate scheme to be called the Gleneagles Employee Share Option Scheme for employees of its121 words
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Article148 1988-08-27 15 SEAL INCORPORATED Bhd has, through its subsidiaries Seal Corporation (HK) Ltd, Seal (PNG) Pty Ltd. Seal (Manus) Pty Ltd and Seal (Veneer) Pty Ltd, entered into an agreement with Kei Beseu Kampani Pty Ltd (KBK) for the joint development of a forest resource area148 words
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Article34 1988-08-27 15 PAN MALAYAN Holdings Ltd has acquired a dormant company Known as Tat Chuan Development (Pte) Ltd which will be involved in property development. It has an authorised capital of $5m34 words
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Article, Illustration668 1988-08-27 15 AMY BALAN - Deal to subscribe up to 41 million rights shares By AMY BALAN CORPORATE TRAIL blazer United Industrial Corporation is prepared to spend up to Ms4l million for a substantial stake in yet another Malaysian-based group. Raleigh Bhd. Three months after committing up668 words
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Page 15 Advertisements
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Advertisement125 1988-08-27 15 Welcome to the new comforts of home There are changes in the air at Hotel AtEquatorial Kuala Lumpur. Most W important is the total makeover in 7 our rooms and suites, now in a m modern, contemporary style that's 14 charmingly A new refreshing look greets you at our lobby.125 words
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Advertisement672 1988-08-27 15 First Interstate Bank Of California Financial Statements Consolidated Balance Sheet Assets Cash and due from banks Time deposits, due from banks Investment secunttes (approximate market value: 1987 $904,558; 1986 $837,505) US Treasury and agencies State and political subdivisions Other Total investment securities Trading account secuntles (at market) Federal funds sold672 words
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Page 15 Miscellaneous
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Miscellaneous27 1988-08-27 15 A/V OMZAA/A/C/ TVArAr^&AMaoz A/av&at/W&7MZ, 71/& &//i/£s (*//U- 3^00r.. AMP WU* -T- &£T77A/<& AMC/ftZ&Vr /?£?acw/*cwa#y 7WAr'u. rAt£ //vr&es7A7&.. us by Martell cau- /r A/S CSA/CAA/fi/C/ /=Z&VAAZ. K (frjM.27 words
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STOCK EXCHANGE OF SINGAPORE
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Article19 1988-08-27 16 Company RIGHTS ISSUE Raleigh Seven for-two $1 00 per shore Ex-dote: Aug 31 Books dose: Sep 1419 words
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Article299 1988-08-27 16 Company RIGHTS ISSUE AMD1 One-lor-four $050 per shore C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for every five ordinory shores held Duto Cons One-for-one $1 10 per share F N Two-for-five $3 00 per shore F A C B One-for-one $060299 words
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Article170 1988-08-27 16 DAY API INDUSTRIES (MALAYSIA) Berhad: 4th AGM at 15th Floor MCB Plaza,6 Changkat Raja Chulan. ***** Kuala Lumpur on Tuesday. Aug 30. at 10am SINGATRONICS Limited: EQM at Board Room, #0601/06. 512 Chai Chee Lane.Bedok Industrial Estate. Singapore 1646 on Thursday. Sep 8. at 11am. OAF Limited AGM170 words
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Article313 1988-08-27 16 Managers' prices tf Aug 27 29 Singapore Unit Trust Tito Commerce Tito Soongs Fund S pore Prog Fund S pore Sec Fund S pore ln»es' Fund S pore Equ*ry Fund 097 086 041 064 068 048 103 092 045 *****3 052 Asia Unit Trust M©l Invest Fund M0<313 words
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Article, Illustration704 1988-08-27 16 LONG SHIH ROME - by LONG SHIH ROME SHARE PRICES in Singapore plunged yesterday as sharp falls in regional markets sparked widespread selling, sending the prices of several Singapore blue chips reeling to May levels The discount rate rise by European banks triggered a spate of selling in704 words
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Article5297 1988-08-27 16 1 UUK nign Ml Low Tal Code Company Last Sale orGr's Dtv Dtv C'vr Gr's rid Nat PIE Vol ('000) Day High Low Laat Q Buyer uoi« i o 11 o r SECTION ONt INDUSTRIAL ft COMMERCIAL 141 85 218 167 135 460 186 350 129 1675,297 words
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SES/KLSE
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Article, Illustration3759 1988-08-27 17 SHARE PRICES retreated across the board to close moderately lower on the Kuala Lumpur stock market yesterday. The market's performance was in line with weaker overseas bourses. The fairly sharp losses took the 30-counter New Straits Times Industrial Ordinary Share Index 23.76 points down3,759 words
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525 1988-08-27 17 NST ARAB-MALAYSIAN Merchant Bank (AMMB), which is expected to go public soon, has achieved a record group pretax profit of about Ms4o million for the year ended March 31. 1988. It posted a group pre-tax profit of Ms3B million in 1987 andNST - 525 words
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Article131 1988-08-27 17 AFP HONGKONG-LISTED Swire Pacific Ltd said yesterday that its after-tax profits rose 59 per cent from a year earlier to HKJI.7S billion (U*****.4 million) during the first half of 1980 The board recommended an interim dividend of 23 HK cents (3 US cents) perAFP - 131 words
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Article616 1988-08-27 17 il E« date Books close Dato payable Total tor Via year Total tor lasl year AIN Bonk Alex Hldgs I3X%IU 6%lbi Aug 23 Aug 30 NVA Sep 9 Aug 31 Sep 26 '3*% 6% 27% 4% Rata 8% Ml Sep 9 Sep 23 Oct 12 8% 22% 5%616 words
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Article578 1988-08-27 17 BONDS, LOANS WARRANTS Company Eaplry/ Coupon Conversion period Interest Conversion term tor one ordinary (tote <%) payable mmm Chuon Hup Wrts 1991 Anytime on or after Mar 1987 16 warronts plus $1 60 cash until Dec 31. 1991 Gty Dev Roods 1994 sx Feb 1 Aug 1 City Dev Wrts578 words
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REGIONAL MARKETS
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Article, Illustration500 1988-08-27 18 Govt hopes US pressure will ease Reuter TAIWAN is allowing its dollar to depreciate to reduce excess liquidity and cool an overheated share market, bankers and stock analysts said They said the government. by allowing the local currency to tall against the strong US dollarReuter - 500 words
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303 1988-08-27 18 UPI UNION CARBIDE CORP on Thursday told a court that it will retain US$3 billion in assets in the event a court decides it must pay damages to victims of the 1984 Bhopal gas leak, who are demanding retribution. The Union Carbide Corp hasUPI - 303 words
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137 1988-08-27 18 Reuter NIKKO Securities Co Ltd, has, from yesterday, divided its corporate section into fund-raising and brokerage sections, to avoid insider trading, a company spokesman said. Yamaichi Securities Co Ltd plans to take a similar step this week. Similar moves were made by the otherReuter - 137 words
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Article, Illustration610 1988-08-27 18 Tokyo Reuter SHARE PRICES on the Tokyo exchange closed down in thin trade yesterday after a string of European interest rate hikes overnight and the end of trading for August settlement on Saturday dampened sentiment "Volume is light. It's not a panic sell-out." said Casey Flaherty, aReuter - 610 words
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Article, Illustration560 1988-08-27 18 Australia Reuter AUSTRALIAN STOCKS closed sharply lower yesterday as the national market continued to be dragged down by higher-than-expected current account deficit figures Brokers said the market was weak and sold down all day after taking its lead earlier from declines on overseas markets. One brokerReuter - 560 words
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Article, Illustration1505 1988-08-27 18 Hongkong SHARE prices of the blue chips on the Hongkong market closed much lower on improved trading volume following the downturn in New York and London on Thursday and Tokyo yesterday The Hang Seng Stock Index closed 56 03 points, or 2.2 per cent,1,505 words
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Article383 1988-08-27 18 Reuter THE TAIWAN stock index yesterday plunged for the third straight day as share prices tumbled during an across-the-board sell-off by nervous investors, dealers said The weighted index lost 210.87 points, or 2.6 per cent, to close at 7,769.09 after Thursday s 7,979.96 close. Turnover droppedReuter - 383 words
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Article167 1988-08-27 18 Reuter THE SECURITIES Exchange of Thailand Index edged up 1.38 points to 437 93 yesterday on a turnover 0f6.626.141 shares worth 416.47 million baht. Reuter AUG M BAMT *1Ao Kham Thai 424 •2 Ayudhya Investment 428 unch Bangkok Agro-lnd 106 -4 Bangkok Bank 313 unch BankReuter - 167 words
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Article122 1988-08-27 18 Reuter CHEAP share prices on the Manila exchange and an easing of concern over the political situation lured buyers back to an oversold market yesterday, and prices ended the day higher in thin trading Brokers said government lawyer Francisco Chavez s statement that Philippine courts had noReuter - 122 words
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Article256 1988-08-27 18 Reuter SHARE prices fell across the board in thin trading yesterday as heavy selling pressure from institutional investors persisted throughout the day. Brokers said institutions sold their holdings to raise funds to underwrite government bonds, as part of a recent government measure to control excess money supply.Reuter - 256 words
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Article138 1988-08-27 18 Reuter SHARE prices closed mixed in limited trading on the Bombay exchange yesterday. Brokers said the market opened firm, cheered by Thursday's announcement that the exchange would double the car-ry-over business limit to 10 million rupees per broker per two-week settlement period. But most of the buyingReuter - 138 words
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Article163 1988-08-27 18 Reuter INTEREST rate rises in Europe and the threat the US may follow suit together with poorly perceived Australian economic data pushed the New Zealand share market sharply lower yesterday, brokers said. The outlook next week is for another fall. "The way it finished on itsReuter - 163 words
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Page 18 Advertisements
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Advertisement86 1988-08-27 18 Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way every Tuesday in BT BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, horse-racing, tennis, bowling,86 words
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WORLD MARKETS
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Article, Illustration861 1988-08-27 19 New York Reuter WALL Street stocks closed lower on Thursday amid renewed market tears that world interest rates would continue to rise, market analysts said. The concern was sparked by a round of European rate hikes overnight and by a surprise upward revision in aReuter - 861 words
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Article, Illustration997 1988-08-27 19 London Reuter EQUITY prices opened with a firmer bias in quiet trading on the London market yesterday but succumbed to selling pressure as the market grappled with the implications of July's record UK Balance of payments deficit and a one-point rise in base rates toReuter - 997 words
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510 1988-08-27 19 Deal may spur US insurance industry takeovers BAT INDUSTRIES NYT IN WINNING its bitter, protracted US$5 2 billion battle to acquire Farmers Group Inc, BAT Industries has fulfilled its goal to lessen its reliance on tobacco holdings, while the deal may spur more takeoverNYT - 510 words
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Article, Illustration182 1988-08-27 19 Reuter BOEING has announced that the number of jet aircraft orders received by the company this year has reached a record 466 following an order from Sweden worth more than US$l75 million. The order for six 737-500s from Sweden's domestic airline Linjeflyg liftedReuter - 182 words
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Article154 1988-08-27 19 Reuter HONGKONG and Shanghai Hotels Ltd, who earlier announced plans to buy a New York hotel. Maxim's de Paris, for US$l27 million, said it will finance the deal through bank loans and some equity. "We have the ability to immediately put in place a bridging loan,"Reuter - 154 words
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112 1988-08-27 19 Reuter SCANDINAVIAN Airlines System (SAS) said it applied to the Danish authorities to sell three Copenhagen hotels in a bid to release an expected one billion Danish crowns in capital. The Scandinavian Airline said it intended to continue running theReuter - 112 words
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Article1904 1988-08-27 19 Reuter AMSTERDAM: Dutch share prices were lower at midsession yesterday in very thin pre-weekend trading as investors shunned the market after Thursday's round of interest rate rises by several European central banks, dealers said. "It is extremely quiet and I expect that will go on for aReuter - 1,904 words
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Page 19 Advertisements
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Advertisement78 1988-08-27 19 DUXTON (PTE) LTD (In Voluntary Liquidation) NOTICE 18 HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. SO that the Pinal Meeting of Members of the above-named Company will be held at the offices of Messrs. Ernst Whlnney. 10 Collyer Quay #21-01, Ocean Building, Singapore 0104 on Friday,78 words
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Advertisement290 1988-08-27 19 ZSJSE. In the Matter of the Companies Act, Cap 50 And In the Matter of HE YU XING GOLDSMITH PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 102 Upper Cross Street #07-02 OO Building, Singapore 0105 on 24290 words
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Advertisement289 1988-08-27 19 11l the Matter of the Companies Act, Cap SO And In the Matter of EURO ASIA ENGINEERING SUPPLIES PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company doly convened and held at 102 Upper Cross Street #07-02 OO Building. Singapore 0105 on 24 August289 words
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Advertisement294 1988-08-27 19 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF PARAGON CONTAINER SERVICE PTE LTD v (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE 18 HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. 50. that the Final Oeneral Meeting of the members294 words
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Article, Illustration299 1988-08-27 20 POLITICAL stability and industrial peace are two major factors which can help Singapore meet the economic challenges of the *****, said Second Deputy Prime Minister Ong Teng Cheong yesterday. Mr Ong. who is also Secretary General of the National299 words
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Article, Illustration522 1988-08-27 20 PAUL GOPAL - 'Margin of victory was far beyond expectations' By PAUL GOPAL THE RULING Barisan Nasional coalition of Malaysian Prime Minister Mahathir Mohamad will soon conduct a post-mortem as to why it lost the Johor Baru parliamentary seat in Thursday s by-election to independent candidate Datuk522 words
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317 1988-08-27 20 DATUK SHAHRIfI Abdul Samad, who defeated the ruling Barisan Nasionals candidate to retain the Johor Baru parliamentary seat on Thursday, said his victory should not cause apprehensiveness among Singaporean and other foreign investors He said yesterday that Singaporeans should not view317 words
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Article294 1988-08-27 20 AFP THE PHILIPPINE stock market recovered strongly yesterday from a four-day slump caused by fears that deposed President Ferdinand Marcos may be allowed to return home from exile in Hawaii. The bourses surged as Manila newspapers reported that President Corazon Aquino, who had promised to abide byAFP - 294 words
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250 1988-08-27 20 Reuter THAI Prime Minister Chatichai Choonhaven, who says he wants to turn Indochina's battlefields into a market-place for Thai goods, has accepted an invitation to visit Vietnam. Vietnamese Foreign Minister Nguyen Co Thach extended the invitation during a meeting with Mr Chatichai.Reuter - 250 words
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329 1988-08-27 20 Reuter LONG DISTANCE FLIGHTS in economyclass seats can be dangerous to the health of some passengers, according to an article in the British medical journal The Lancet. "The hazards of such long trips are not appreciated by most travellers and airline companies makeReuter - 329 words
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494 1988-08-27 20 JUNE LIM - By JUNE LIM JURONG TOWN Corporation is embarking on a $530 million programme to develop its port facilities to meet the demands of the 1990s Eight multi-purpose berths will be built at Pulau Damar Laut a small island across Jurong Port to handle494 words
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Article153 1988-08-27 20 Reuter COMEX GOLD FUTURES yesterday drifted higher on squaring of positions going into the weekend. In the first hour. October gold was up US$O.9O at U*****.30 an ounce with buyers pulling back at U*****.20 versus Thursday's high of U*****.00. The December delivery was ahead US$l.3O atReuter - 153 words
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LATE FILE
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Article54 1988-08-27 20 Reuter CHINESE and South Korean economic officials have agreed in principle to exchange trade offices "Delegates from China s Shandong province are currently holding talks with (South) Korean officials to discuss details for the exchanges." Chung Hyok of the state-run Korea Trade Promotion Corporation saidReuter - 54 words
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Article33 1988-08-27 20 AFP VIETNAMESE Foreign Minister Nguyen Co Thach said in Bangkok yesterday that Vietnam could withdraw all its troops from Cambodia nine to 12 months after a peace settlement. AFPAFP - 33 words
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Article39 1988-08-27 20 AFP INVESTMENT in the Philippines leapt 41.2 per cent from a year earlier to 6.06 billion pesos (US$2B7 million) in the seven months to July, the Philippine Securities and Exchange Commission said yesterday. AFPAFP - 39 words
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47 1988-08-27 20 Bernama MALAYSIA is not worried about the petition submitted by the American Federation of Labour-Congress of Industrial Organisations (AFL-CIO) calling for the withdrawal of its generalised system of preferences status. Trade and Industry Minister Datin Paduka Rafidah Aziz said yesterday. BernamaBernama - 47 words
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31 1988-08-27 20 AFP PROSPECTS for warmer relations between Indonesia and Australia appeared brighter yesterday with the first visit to Canberra by a minister from Jakarta in three years AFPAFP - 31 words
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Article36 1988-08-27 20 UPI POLAND'S powerful Roman Catholic Church yesterday for the first time accused the communist government of undermining the nation by its refusal to grant basic freedoms demanded by striking workers. UPIUPI - 36 words
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Page 20 Advertisements
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Advertisement97 1988-08-27 20 ft i 2 You owe it to yourself to check out Ardmore Park the security is excellent, school buses call at the gate, and there is aerobics, squash, tennis, swimming, chip and putt and special interest classes for all. Above all, there's a friendly atmosphere where the family will feel97 words
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Advertisement120 1988-08-27 20 rS3 Put your best foot forward with St Michael's range of elegantly designed leather shoes from Italy. Soft leather uppers and tough leather soles provide maximum comfort and durability. Co-ordinate with St Michaels formal cotton/nylon socks and silk ties for an impeccably neat look. Illustrated from top: Men's Leather Welted120 words
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