The Business Times, 3 September 1988
1988-09-03
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The Business Times
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Title Section12 1988-09-03 1 BUSINESS TIMES VICI (P) 95/12/87 Weekend Edition, September 3-4 1988 75 CENTS12 words
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Article249 1988-09-03 1 AFP Dow Jones up NEW YORK stocks rallied sharply yesterday morning, responding to new statistics on American employment that suggested a slowing of US economic growth. The Dow Jones Industrial Average jumped 25.61 points to 2,027.92 in the first hour of trading. Gainers outnumbered losers by nearlyAFP - 249 words
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141 1988-09-03 1 Reuter THE PROPORTION of Americans out of work rose slightly in August, the US Labour Department said yesterday. It said the US unemployment rate climbed to 5.6 per cent last month from 5.4 per cent in July and 5.3 per cent in June,Reuter - 141 words
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Article, Illustration255 1988-09-03 1 SHARE PRICES in Singapore rebounded yesterday in thin trading, shrugging off an overnight 29-point fall on Wall Street. Brokers said retail investors took heart and went bargainhunting on news that stock prices rose in Tokyo. Activity focused on property and shipping stocks. The Straits Times255 words
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Article135 1988-09-03 1 THE US dollar rose marginally to just above 137.00 yen in London in early trading yesterday following news that the US unemployment rate increased by 0.2 to 5.6 per cent last month. "If they had been strong figures, the markets would have said we can look135 words
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256 1988-09-03 1 UPI JAPAN'S trade surplus with the US increased by US$7OO million in 1987 in spite of a decline in its total trade surplus, the Japan External Trade Organisation said yesterday. The Finance Ministry also announced yesterday that Japan's current accountsUPI - 256 words
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620 1988-09-03 1 FOO CHOY PENG - Analysts confident PAP will secure mandate By FOO CHOY PENG THE NINE-DAY battle to win the hearts and minds of voters ended last night as political parties wrapped up their campaigns at nine rallies. Today, about 1.5 million Singaporeans will vote in620 words
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453 1988-09-03 1 LEE HAN SHIH - By LEE HAN SHIH, Property Correspondent FRENCH bank Societe Generale has given 15 companies one week to bid for the Harapan Building at Market Street. News of the private tender went round the property market in a day, leaving many people453 words
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130 1988-09-03 1 AFP ASEAN OIL companies have agreed to help one another in supplying refined oil products in addition to crude. Antara news agency yesterday quoted an official of the Indonesian state oil firm Pertamina as having said that oil products couldAFP - 130 words
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Page 1 Advertisements
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Advertisement269 1988-09-03 1 Nikon The World's Finest Photographic System. }%)}?,\!"=$<+_|`(:}+^[=~`&~$];` 'rf i I x i BT on Saturday: Elections *88 Home News: 2 SIA unveils freighter aircraft; Prudential is party to buyout of Data General PCB plant Foreign News: 3 Unctad expects slower growth in world trade; Opec's poor show dents prices Housing269 words
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Advertisement68 1988-09-03 1 On Page 2: Chok Tong: Your vote, your future Chlam: Wide gap between PM Lee and Chok Tong On Page 6: The PAP sets the pace Commentary LE TEMPS CHANEL OOtD H«t|D *«tCH <■ CT 10 M'C«ON COLO [MfMio CU' CMKi eMCCKt <>l'(ll«OvCit *Th ti>C« IEOhEH m»DI nsw -«o t68 words
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Advertisement7 1988-09-03 1 Opsc's poor show dents prices, PAGE 37 words
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Advertisement91 1988-09-03 1 The World's Finest Photographic System. Lifestyle, < New hits from Elton John Page 7 Ptpstnl Trivia Let's not do the twist Page 7 Art A stroke of Club Med Page 8 Woody Allen with a twist of lime Page 9 Trttis Rambo, Mickey Mouse and raisins Page 9 WfMkMtf TV91 words
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GENERAL ELECTION '88
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Article, Illustration615 1988-09-03 2 FIRST DEPUTY Prime Minister Goh Chok Tong yesterday reminded Singaporeans that their votes would decide the kind of future for Singapore and also have a direct impact on the way their housing estates were managed. At a People's Action Party eve of polling day615 words
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Article76 1988-09-03 2 MR GOH CHOK TONG reckons that Brigadier-General Lee Hsien Loong is a front runner to succeed him, but he has not ruled out any of the other second generation leaders from the race. "I think that BG Lee must face the challenge from others and76 words
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175 1988-09-03 2 PRIME MINISTER Lee Kuan Yew yesterday filed a slander suit against Workers' Party (WP) head J B Jeyaretnam for alleging that he advised former National Development Minister Teh Cheang Wan to commit suicide. The writ was filed in the High Court yesterday by175 words
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319 1988-09-03 2 PEOPLE'S ACTION PARTY THE PEOPLE'S Action Party's second generation leaders will engage in more public consultation as their confidence in Singapore's younger electorate increases, Prime Minister Lee Kuan Yew said yesterday. Speaking in Tampines last night at the PAP's last election rally, Mr Lee319 words
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477 1988-09-03 2 FULLERTON SQUARE RALL Y THE SINGAPORE Democratic Party yesterday claimed there was a wide gap in leadership ability between Prime Minister Lee Kuan Yew and the secondgeneration People s Action Party leaders. Addressing a lunchtime rally at Fullerton Square in477 words
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381 1988-09-03 2 POLITICAL BROADCASTS PAP SINGAPOREANS, through their votes today, hold the key to democracy and the country's future, said the PAP in its eve of polling day message delivered by the assistant secretary-gener-al, Mr Goh Chok Tong. "For democracy to work in381 words
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184 1988-09-03 2 SINGAPORE DEMOCRATIC PARTY MR CHIAM See Tong last night told an eve-of-polling-day rally at Potong Pasir that "the voices of the people must be heard". "The people of Singapore are now mature and they know what is going on," he said. "They (the184 words
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310 1988-09-03 2 WORKERS' PARTY IF THE PEOPLE'S Action Party had seriously wanted to prove that the opposition was incapable of running town councils, it should have let the Workers' Party manage Anson when it was an opposition ward, said Mr J310 words
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Article191 1988-09-03 2 SDP MR CHIAM SEE TONG last night accused the PAP of using scare tactics to win votes instead of appealing for votes through beliefs, idealism and aspirations. The PAP's message was clear vote against the PAP and you are on your own, Mr Chiam191 words
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269 1988-09-03 2 WP THE WORKERS' Party last night urged Singaporeans to show courage in the face of "empty threats" by the People s Action Party against voting for the opposition. The PAP had warned that investors would be kept away by the269 words
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Article145 1988-09-03 2 NSP THE NATIONAL Solidarity Party has accused PAP candidates of not warning the electorate about the dangers of dictatorship with an elected presidency. "They have failed to consider your long-term welfare and failed in their commitment to democracy," said party president Kum Teng Hock last night. If145 words
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HOME NEWS
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Article, Illustration125 1988-09-03 2 ONE HUNDRED and twenty men yesterday unfurled a 136 metre long dragon dubbed the world's longest as they descended from Singapore Airlines' first 8747-200 freighter aircraft, during its official launch yesterday. The dragon dance was one of several highlights for VIPs and guests at yesterday's airport125 words
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117 1988-09-03 2 ESSO SINGAPORE and Exxon Chemical have signed collective agreements with their labour union, the United Workers of Petroleum Industry. To be effective from July 1, 1987, to June 30, 1990, the agreement has elements of a flexible wage scheme. The new wage117 words
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155 1988-09-03 2 CRIME AND SEX SELL. But publishers and booksellers should not to be guided by profit considerations alone, said Finance Minister Dr Richard Hu at the opening of the 20th Singapore International Festival of Books yesterday. Books of limited appeal poetry, literature, history, religion and155 words
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81 1988-09-03 2 THE MINISTRY of Law has appointed 22 members to the new Strata Titles Board. The board will come into operation from Sep 15. The Land Titles (Strata) Act (chapter 158) provides for one or more Strata Titles Boards to be formed to settle disputes between81 words
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204 1988-09-03 2 THE SINGAPORE subsidiary of Prudential Insurance Company of America is among a group of investors in the $26 million buyout of Data General's Singapore printed circuit board fabrication plant at Gul Circle. It was announced in a press release yesterday204 words
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Article62 1988-09-03 2 THE COMMUNITY CHEST of Singapore and the Raffles Institution Endowment Fund have each received $15,000 from Prime Minister Lee Kuan Yew Each cheque received by the two organisations represents half the damages that the prime minister received as part of the settlement of an62 words
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Page 2 Advertisements
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Advertisement39 1988-09-03 2 RESULTS of the battle of the year the 1988 elections will be telecast "live" over television tonight. Tune in to Channel 5 from 10pm for the results in English or to Channel 8 for results in the other languages.39 words
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Advertisement6 1988-09-03 2 Managers must manage, BT, every Monday6 words
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OVERSEAS
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Article562 1988-09-03 3 UPI OIL PRICES fell on Thursday as worries mounted that Opec's efforts to bolster global markets by restraining crude production will fail. Analysts said the Organisation of Petroleum Exporting Countries (Opec) secretary general Subroto's inability to wring concessions on production from Iran and Iraq theUPI - 562 words
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221 1988-09-03 3 AP A SENIOR Israeli Foreign Ministry official broke ranks with the government on Thursday and said Israel must accept the fact that the Palestine Liberation Organisation represents the Palestinian people. Avraham Tamir, director-gen-eral of the Foreign Ministry, also suggested that Israel should negotiate withAP - 221 words
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Article803 1988-09-03 3 ARRIVALS Operator Service Local From number time SU SQ203 1300 CGK SIA SQ103 1300 CGK SIA SQ107 1305 KUL SIA SQ31 1355 PAR/ZRH SIA SQ109 1405 KUL DIH LH776 1410 FRA/BKK SIA SQ455 1410 BWN KLM KL837 1430 AMS/KWI GIA GA962 1435 CGK SIA SQ61 1435 BKK803 words
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234 1988-09-03 3 AFP UNITED NATIONS investigators said on Thursday that Iran and Iraq had agreed to the rapid repatriation of their prisoners of war (POWs) captured during their eight-year conflict. "Both sides agree that repatriation should be done as quickly as possible; that noAFP - 234 words
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98 1988-09-03 3 AFP EUROPE'S forests will die if steps are not taken to reduce pollution from car exhausts and limit the use of sulphur compounds in household fuels, forestry experts have warned at a conference in Nancy. France. At the conference of the European Forestry Union, experts saidAFP - 98 words
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258 1988-09-03 3 UPI Reuter BRITISH Prime Minister Margaret Thatcher said on Thursday that "terrorism will not win" in Northern Ireland where 25 deaths last month made it the bloodiest campaign of the outlawed Irish Republican Army in 15 years "Stepping up their campaignUPI; Reuter - 258 words
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259 1988-09-03 3 FT THE US has refused to lift punitive tariffs imposed against selected Japanese products last year in retaliation for alleged Japanese breaches of the 1986 US Japanese semiconductor trade agreement. Under the terms of the controversial trade pact. Japan agreed toFT - 259 words
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349 1988-09-03 3 AFP GROWTH in the volume of world trade will fall to 5 per cent this year from 5.9 per cent in 1987. the UN Conference on Trade and Development (Unctad) forecast in its annual report released in Geneva yesterday. Unctad said theAFP - 349 words
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204 1988-09-03 3 FT TRADE TENSIONS could focus more on exports of manufactures from the Third World, the United Nations Conference on Trade and Development (Unctad) forecasts in its 1988 Trade and Development. One quarter of developing countries' non-fuel exports to the developed market-economy countriesFT - 204 words
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Article, Illustration549 1988-09-03 3 AP LECH WALESA gained momentum in his push to halt Poland's labour unrest following the government's pledge to discuss key issues, even though bus and dock workers in Szczecin remained on strike. After an appeal from Mr Walesa, leader of the outlawed SolidarityAP - 549 words
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Article242 1988-09-03 3 Reuter FRENCH Agriculture Minister Henri Nallet said on Thursday that France would prevent the sale of Burgundy estate Roma-nee-Conti, which produces one of the country's finest wines, to a Japanese firm. "I have asked (Finance Minister) Pierre Beregovoy to block the sale," Mr Nallet toldReuter - 242 words
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Article122 1988-09-03 3 UPI THE WORLD'S first commercial wave-power plant will be constructed on the Pacific island of Tonga. Norway's Kvaerner Brug Company said the US$7.l million agreement was signed on Thursday in Oslo between Prime Minister Baron Tulta of Tonga and Andreas Lonning. president of the private firm.UPI - 122 words
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Page 3 Advertisements
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Advertisement61 1988-09-03 3 fI V \l Jji Ifl 1£ The business person's cix)ice. every I I II 111 I Tuesday, Thursday. Saturday and I M ml I I m Sunday. Leaving Changi Airport at A W>rJL 1 JL 22 05 hours and arriving at Lester B. Pearson International Airport the following day Call61 words
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Advertisement9 1988-09-03 3 Banks urgsd to slash Third World dstrt by 30pc9 words
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Page 3 Miscellaneous
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Miscellaneous92 1988-09-03 3 BY GARRY TRUDEAU GOOPTO MBBT YA, IKNEJaJ YOU WERE ALIVE, KING. INEVER I APPRECIATE THAT, MAN. SO WHERE HAVE WEU,BEUEVE I CAPTAIN... Qfi Vß UP hope I PONT KNOW WHAT IWOULD YOU BBEN ALL HAVE PONE WITHOUT MY FANS THESE YEARS, THEY KEPT ME 001 N'. ICOUDNT KING HAVE MADE92 words
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Miscellaneous133 1988-09-03 3 wmm H'W// City Max/ Note Wm rc> AMoid* 17/04 Rain Amsterdam 17/11 Cloudy Athens 36/21 Clear Bahrain Bangkok tarbodoi Betjing Beirut Belgrade Berlin Bermuda Bonn Brisbone Brussels Budapest Buenos Aires 37/30 Clear 33/25 Cloudy 31/25 Clear 27/18 Cloudy 30/25 Sunny 31/17 Clear 23/13 Clear 32/30 Clear 21 /10 Showers 21/16133 words
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MONEY AND EXCHANGES
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Article292 1988-09-03 4 ASIAN DOLLAR deposit rates ended unchanged from the open in quiet trading yesterday, dealers said. They said most operators were sidelined until the release of US August employment data later yesterday. Short dates and term rates were narrowly mixed at the outset and they remained unchanged in292 words
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Article, Illustration191 1988-09-03 4 Indicates the average of the prime lending rate* of 12 major banks in S'pore Interbank market rates (offer/bid) on Sep 2 uss DM SWFC Yen 7 doy* 8 1/4 1/8 11 3/4 1/2 4 13/16 11/16 3 3/4 5/8 4 9/16 7/16 i >«* 8 7/16 5/16191 words
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Article65 1988-09-03 4 THE OVERNIGHT rate on the Singapore money market rose 54 yesterday while the one-month term rate went up 1/16 point The two- and three-months remained unchanged S$ Interbank rates at the close yestef day: Of FEB BID Of night 5 4 7/8 1 month 5 1/16 4 15/1665 words
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Article111 1988-09-03 4 Treasury bills Period issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****N 1.12.88 4.63 4.58 4.60 4.51 6 months BY*****T 24.11.88 4.63 4.58 1 year BY*****S 20.07.89 4.82 4.77 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BIO111 words
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Article1479 1988-09-03 4 SINGAPORE: The US dollar closed firmer against most major currencies yesterday. Against the Singapore dollar, the US dollar closed firmer at 2 0435/45 in dull trading. It traded within a range of 2.0427 and 2 0447. It opened initially at 2 0425/35 OCBC KUALA LUMPUR: The US dollar1,479 words
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Article460 1988-09-03 4 DECEMBER Eurodollar futures yesterday opened one tick higher than Thursday's close at 90.81 after a slow overnight trading session in Chicago. Miyazawas comment that Japan will maintain its current monetary policy provided little stimulus to the trading atmosphere. The December contract initially edged to 90.82 and slipping off to460 words
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Article323 1988-09-03 4 IMM currency futures ended a choppy, lethargic afternoon mixed on Thursday as traders squared positions before Friday's August US employment report Focus riveted on the Japanese yen early and later shifted to the pound sterling in otherwise thin, featureless dealings Traders said Japanese Finance Minister Miyazawa's overnight comment that323 words
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Article218 1988-09-03 4 Gold futures on Sep, 1 1988 100 troy ounces USS per troy ounce Op«n High Low s«ro« 430 00 430 00 430 00 430 30 •I.M Oct 433 80 434 00 ***** ***** 1 20 Nov 435 80 -I 2C )•< 439 00 439 70 438 50218 words
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Article1562 1988-09-03 4 CURRENCY FUTURES OPTIONS Friday, Sap 2, 1988 DEUTSCHEMARK (SIMEX) Mt« Sep 88 eel ft Law Me Sea HI Sap 88 puto ■k I MM m 50 r 1 LOW Mfl 52 53 54 55 678 66 16 16 66 16 3 4 15A 12 6QA 57 148A 144 561,562 words
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Page 4 Advertisements
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Advertisement11 1988-09-03 4 Keep your investment decisions on target "•HABTPOINIf L# EVERY SATURDAY X11 words
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BANKING AND FINANCE
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Article, Illustration394 1988-09-03 5 Reuter A UNITED NATIONS agency yesterday proposed slashing 30 per cent off amounts which heavily indebted countries owe to commercial banks. This, suggested the annual report of the secretariat of the UN Conference on Trade and Development (Unctad), wasReuter - 394 words
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487 1988-09-03 5 LEONG WEN WAH - Move because of rising interest rates By LEONG WEN WAH THE OVERSEA-CHINESE Banking Corporation group has withdrawn its sweetener of 4 per cent fixed interest rate for the first year from its housing loan package. BT understands the withdrawal is due to rising interest487 words
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204 1988-09-03 5 FT A WORLD BANK delegation has left Argentina after spending almost three weeks in the country, with the promise, according to Argentine government officials, of a loan of US$75O million. At the same time a delegation from the International Monetary Fund is due to arriveFT - 204 words
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354 1988-09-03 5 FT PRESSURE mounted on Thursday on the Bank of Japan to follow other central banks in raising official interest rates. But the bank refused to budge, despite a sharp fall in the yen, as well as a surge in money market interest ratesFT - 354 words
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Article320 1988-09-03 5 Bernama THE MALAYSIAN banking system's liquidity situation tightened slightly in the first quarter this year with the strong pick-up in lending and substantial withdrawal of deposits. Bank Negara. in its latest quarterly bulletin, said part of it was the outflow of funds abroad arising from repayments andBernama - 320 words
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Article62 1988-09-03 5 POST OFFICE Savings Bank will close its branches at Bukit Timah Plaza and Toa Payoh East for renovation on September 7 and September 12 respectively. The current account facilities at these branches will be transferred to the Coronation Plaza branch and Toa Payoh Central branch62 words
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COMMODITIES
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Article239 1988-09-03 5 Chinese Produce Exchange Sellers' noon closing prices on Sep 2 (SS/100 kg) Coconut oil Bulk FOB 116.00 Old drum FOB 126.00 New drum FOB 130.00 Copra Mixed (loose) 67 sellers Pepper Muntofc white FOB NLW 777.50 Sarawak white FOB foq NLW 767.50 Sarawak special blade FOB NLW 420.00239 words
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Article210 1988-09-03 5 SINGAPORE: Prices closed higher yesterday with September RSS 1 bid rising by 2.50 to 247.00 a kg over the Thursday's close. In the morning, prices ended the morning edged up with October RSS 1 buyer quoted at 246.00 cents a kg, up 1.50 cents from Thursday's close. On the210 words
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Article275 1988-09-03 5 R AS prices in S cents/kg, FOB In bal*t NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 242.50 243.50N 243.50 244.50N lot 1 RSS Oct 88 245.50 246.00N 247.00 247.50N Int 1 RSS Nov 248.50 249.00N 250.00 250.50N Int 2 RSS OP 241.50 243.50N 242.50275 words
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Article348 1988-09-03 5 HONGKONG: Gold closed easier in quiet trading yesterday on renewed selling by European investors in the afternoon, dealers said. They said the firmer US dollar prompted increased selling of the metal in late trading, pushing prices to end near the day's low. Bullion ended at U*****.70/429.20 an ounce,348 words
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Article100 1988-09-03 5 Maiaw.i KUALA LUMPUR market, tin price row by 13 Malaysian cants to and at M 520.06 a kg. Turnovar by 14 tonnas to 60 tonnas. Tin futuras closed higher but cautious trading persisted throughout resulting n turnovar of only 20 tonnas against 100 on Thursday, dealers said. There100 words
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Article93 1988-09-03 5 (c^nti/kg) OCTOBER 1988 NOVEMBER 1988 (current month) (forward morrtfi) DAC NOON NOON w Bvycrt S«ll«r< luyM S*ll*rl SSR 20 2*18.00 220.00N 218 00 220 OON SS8 50 216 00 218.00N 216.00 21 8 OON MRELB #uy»r$ Silhn Suy*r» S*M*n SM» CV 371.00 373.00N 373.00 375.00N SM» l93 words
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Article92 1988-09-03 5 PRODUCT markets in the Far East experienced some losses at the top of the barrel yesterday while the bottom end stagnated. Closing prices for crude (FOB origin) US$/bofr*l Chang* Topi, (S*p) I4JJ -0.10 Minot (S*p) 14.45 undt Dubai (Oct) 12.65 -0.30 W»i» Taxai lnt»rm*dlot«. WTI (Oct)* 15.0492 words
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Article540 1988-09-03 5 Bernama MALAYSIAN CRUDE PALM OIL FUTURES closed lower yesterday on the Kuala Lumpur Commodity Exchange in active trading Dealers said prices eased slightly mainly on profit-taking activities ahead of the weekend while rumours that India had passed on its weekly tender also weighed down on levels. Coupled withBernama - 540 words
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Article125 1988-09-03 5 SOYBEAN futures on the Chicago Board of Trade closed higher on Thursday influenced by gains in CBT corn and buying by commodity funds, traders said Soybeans closed mostly higher with spot Septup 14-1/2 at US$B 69 and Nov up 14 at 8 81-1/2. Refco was a net buyer of125 words
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Article280 1988-09-03 5 London Commodity Exchange tayer/Seller dosing prices on Sep 1 (£/'tonne unless specified). Previous dosing prices In parenthesis. Coffee talis in-ctor* London, seiiers option Of London Sep 1021/1023 (1018/1019) High/Low 1030/1014 Aug/Sep undt (510dr) Oct/Nov 530slr(520slr) Nov/Dec 535slr (525dr) Dec/Jan 540sir (530dr) Jon/Feb 547.5slH—i London Metal Exchange Afternoon session280 words
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Article220 1988-09-03 5 LATE commission house and commercial selling on Thursday trimmed early gains in soft red winter (SRW) wheat on the Chicago Board of Trade, but all contracts closed higher for the day. Wheat closed up 1/2 to three cents per bushel, with spot Sept up 2-1/4 at US$3 99-3/4 and220 words
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PERSPECTIVE
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Article525 1988-09-03 6 NEARLY 1.5 million Singaporeans today cast their votes in what both the ruling party and the opposition have called a watershed election. For the People's Action Party, this 1988 general election marks the culmination of many years of careful selection and grooming of successors to the525 words
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Article2141 1988-09-03 6 CHUANG PECK MING,ZHOU MEI - 2HUANG PECK MING and ZHOU MEI conclude BT's election series with discussions on major issues ms CHUANG PECK MING,ZHOU MEI THE ISSUES in this general election, though quite different from those of 1984, share one common characteristic they have been defined by recent government policy2,141 words
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724 1988-09-03 6 "WHAT ECONOMIC ISSUES? There aren't any around this time round," said a local economist. "There are just political ones "Things are alright now," said an industrialist. "We are selling quite well overseas. The orders are coming in. Costs are at present manageable. Really no complaints at724 words
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Page 6 Advertisements
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Advertisement187 1988-09-03 6 y i V'.UM o.'^ I" po^ 0^ 0^ ItfH V This gift is available only to Singapore subscribers. WE'LL DELIVER To Your Home Or Office AT NO EXTRA SINGAPORE BUSINESS gives you the newest trends affecting the economy, analytical features and snappy columns on the stockmarket, trade industry, banking, property,187 words
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Page 6 Miscellaneous
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Miscellaneous21 1988-09-03 6 .'ff^ IN-TRfV/ OR Ot>T-TRPiV THPTT IS TH6. QUesTiOM Decisions DeciSiONS < CVENING STANOARD CO LTD 7967-I*BB t'nn OM"TVtc. HORnS OF ft DiLemmß21 words
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Executive Lifestyle
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Article, Illustration1174 1988-09-03 7 LINDA CHEE - By LINDA CHEE WE HAVE SEEN Elton John the rock star. The entertainer. The football-club owner. The husband, even. But Elton John the serious collector? You better believe it. And we're not just talking about his trademark collection of sunglasses that do everything but block outPictures from Sotheby's catalogues - 1,174 words
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Article, Illustration612 1988-09-03 7 JAIME LYE - TiaA/IA- With JAIME LYE WHOEVER said squash was dangerous obviously never took social dancing lessons. At this moment, I am writing this from a wheelchair, my left leg in traction after my dance partner took the instructor's call to "push the girl out"612 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration560 1988-09-03 8 CHARLES SAVAGE - ART By CHARLES SAVAGE THE CREATIVE WORLD of an artist is a private forest and out of its tangled web of thoughts, ideas and feelings, flowers art. Strolling amidst casuarina trees or reposing beneath a coconut tree, about 30 artists from 10 Asian countries560 words
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Article, Illustration701 1988-09-03 9 N K YONG - Q ffline By N K YONG SUITABLE APERITIF wines are not easily obtainable in Singapore. Ideally, such a wine should be light, not full-bodied, quite fruity but not sweet, with a good balance between the fruit, alcohol and acidity. An aperitif wine must be as carefully701 words
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Article, Illustration735 1988-09-03 9 TRENDS UPI MICKEY MOUSE, Rambo and the California Raisins have two things in common: all are wildly successful and all have been ripped off. Since debuting two years ago in award-winning television spots promoting the state s raisin industry, the California Raisins haveUPI - 735 words
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Article, Illustration389 1988-09-03 9 SANGEETA MULCHAND - DRAMA By SANGEETA MULCHAND Don't Drink The Water By Woody Allen Mandarin Hotel Ballroom Sep 7-10 inclusive Tickets at $45 nett for cocktail show (Sep 7) and $90 nett for dinner shows IF YOU WERE in an obscure East European country being relentlessly389 words
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Article, Illustration797 1988-09-03 9 GALEN CHAY - FITNESS HEALTH By GALEN CHAY DIETING CAN make you fat. You don't believe it? A lot of people don't either. And most of them are fat. However, medical research in the last several years has shown that extremely low-calorie and starvation-type797 words
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Article, Illustration461 1988-09-03 12 WALTON MORAIS - TELEVISION By WALTON MORAIS TONIGHT S LIVE telecast of Election 88, described by excited staffers as the "show of the year", will be a high-tech affair involving state-of-the-art technology Designed to bring results into viewers homes as they are being announced at461 words
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344 1988-09-03 12 DEXTER LEE - CHESS By DEXTER LEE COME NEXT MONDAY, bankers from the Big Four and Standard Chartered will set aside cheques for checks in the 2nd Inter-Bank Team Chess Tournament sponsored by Oversea-Chinese Banking Corporation And they will continue to do so at344 words
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Article831 1988-09-03 12 Mike Thumbs - ftM* OBITUARY By Mike Thumbs THE UNTIMELY DEATH of Chia Kim Hui two days ago was a real loss not only to the Chinese Swimming Club but to the bridge community in Singapore as well. His personal contribution in popularising the game is comparable to others831 words
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Article, Illustration309 1988-09-03 12 SANGEETA MULCHANO - SING SINGAPORE By SANGEETA MULCHANO IT WASN'T the usual football crowd that tested the foundations of the National Stadium las' Wednesday but a motley group of school children, retired grandparents, weekday executives an d teeny boppers who stomped the stadium grounds to the beat309 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article290 1988-09-03 10 Polls straws EVERY ELECTION brings out its share of opposition candidates who cannot be taken too seriously. One such person did not make it as a candidate, but he had an election speech written and so he thought he might as well send it to the290 words
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Article, Illustration531 1988-09-03 11 PAUL KHOO - CINEMA -by PAUL KHOO Poltergeist 111 Midnight shows tonight Cathay (11.45pm) Orchard (12 midnight) THEY'RE BACK. This famous line refers to the spirits which pursue Carol Ann, the child heroine of all three Poltergeist movies, but it can easily apply to another Hollywood spectre: the531 words
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Article, Illustration303 1988-09-03 11 Paul Khoo - FILM FESTIVAL by Paul Khoo THE HUNGARIAN MOVIE, Mephisto, winner of the Best Foreign Film Oscar in 1981, will be one of the many high-quality movies shown at the Second Singapore International Film Festival. The festival will be take place over two weeks at the303 words
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Article665 1988-09-03 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: Asterix vs Caesar. Showing at Cathay: 11; 1; 3; 5; 7. Rambo 111 starring Sylvester Stallone Showing at Cathay: 9.15pm. Big starring Tom Hanks. Elizabeth Perkins, Robert Loggia and John Heard. Showing at Orchard: 11; 1.30; 4; 6.30; 9 15. Baby Boom starring Diane665 words
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661 1988-09-03 11 Roger Loh - r«* ev 'Wl <5 AS y Roger Loh WE WERE NEVER the rich kids on the block. We were survivors though, my brother and I. We had the skills and the smarts, and could beat the other kids in most juvenile games, especially at661 words
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Article, Illustration723 1988-09-03 11 PAUL KHOO - OPERA By PAUL KHOO Madame Butterfly Westin Plaza (Sep 14, 16) Tickets at $110 include cocktails, dinner and Irish coffee OPERA. A concept that reeks of decadence and grandeur. Historical origins in the aristocracy, the old wealth of Eastern Europe and Italy. Opera.723 words
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Executive Lifestyle: Personal Investment
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412 1988-09-03 13 KEVIN GWEE - ECONOMICS By KEVIN GWEE THE ECONOMIC problems plaguing the United Kingdom over the past few months have become more persistent than ever. For the short- to medium-terms, brokerage firm Phillips Drew predicts more economic troubles, and a further rise in base lending rates.412 words
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246 1988-09-03 13 COMPETITIONS FALLING STOCK PRICES worldwide have dealt a big blow to the portfolios of the nine participants of the Great Investment Race. Their values sagged further last week and the amount of funds raised for the Community Chest of Singapore now stands246 words
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Article, Illustration494 1988-09-03 13 CHART PiII!INT by RC THE STOCK MARKET appears to have survived a critical test this week when it displayed an unusual amount of resilience in the face of falling overseas markets. This uncharacteristic display of strength could merely be a market too deeply oversoldby RC; Source: Investamatic - 494 words
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Article708 1988-09-03 13 Kevin Gwee - Keeping track... by Kevin Gwee UNCERTAINTY in the stock market, vivid memories of last October's crash, and the forthcoming US presidential election have turned individual investors in the US into aggressive asset allocators. Anxious clients of portfolio managers now intervene directly and make decisions708 words
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Article, Illustration795 1988-09-03 13 RAMESH CHANDIRAMANI - CURRENCIES By RAMESH CHANDIRAMANI IN RECENT WEEKS, two important trends have emerged in the currency markets. One is the virility of the much-maligned US dollar. The greenback s strength has as much to do with improved economic conditions in America as with tighter US monetary795 words
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329 1988-09-03 13 ART Sotheby's Research Department THIS WEEK, the series of seasonal reviews continues with the two porcelain sectors of the Sotheby's Index. Continental ceramics: The London market was strong last season, partly as a result of the volume of excellent property that came up forSotheby's Research Department - 329 words
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Executive Lifestyle: Sports
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Article, Illustration1247 1988-09-03 14 BARRY WOOD - TENNIS By BARRY WOOD JOHN McENROE, a four-time champion at the US Open, suffered his second defeat in a month at the hands of Australian Mark Woodforde on Thursday as he was beaten 7-5 4-6 6-7 6-3 6-1 in a match lasting three hours 51 minutes.1,247 words
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Article, Illustration1773 1988-09-03 14 JEROME FANDOR - 'Billy' Bagby record-winning horseman of the '50s Oh TMCk With JEROME FANDOR WILLIAM SCOTT Billy' Bagby. Horseman. The man who as an apprentice set records on the MRA Turf that have stood till today. Forty-five winners in a season while still an apprentice. The record stood for over 30 years1,773 words
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397 1988-09-03 14 GOLF AP JEFF SLUMAN's 18th-hole birdie completed an 8-under-par 64 and gave him the first-round lead on Thursday in the C 5750,000 Canadian Open Golf Tournament. "I don't know what to say. Eight-under on this golf course is pretty mind-boggling," said Sluman.AP - 397 words
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327 1988-09-03 14 AFP SEVE BALLESTEROS proved he was just as deadly 5,000 feet up in the Alps as he is at sea level when he beat a blustery wind to lead the European Masters in Crans-sur-Sierre. Switzerland, with a brilliant seven-under-par opening round ofAFP - 327 words
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285 1988-09-03 14 ATHLETICS AFP TRACK QUEEN PT Usha. who missed two chances to qualify for the Olympics because of a heel injury, was included in India s squad for an Olympic warm-up competition this week, reports in New Delhi said on Thursday. Usha.AFP - 285 words
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Article, Illustration756 1988-09-03 14 BOXING NYT HE WAS NEARLY 6 feet tall, weighed about 200 pounds, had a punch like a wrecking ball, was the heavyweight champion of the world in his early 20s, grew up tough, frequented saloons and savored the grape,NYT - 756 words
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Page 7 Advertisements
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Advertisement153 1988-09-03 7 CONNOISSEURS F O R COLLECTORS When choosing your Dunhill Elite, let The Hour C jlass enhance the occasion. ■*.A y Ai Vic Hour Glass, ur see ourselves as connoisseurs. Arul our customers as fellow collec tors. \bt onf\> can utr show you the wiliest choice of Dunhill timepieces m the153 words
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Page 8 Advertisements
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Advertisement289 1988-09-03 8 Where tv entertain... Where to entertain... Where tv entertain... Where tv J Baron's Sunday Buffel— A Family Eating Affair Give yourself and your family a treat this Sunday and indulge in sheer eating pleasure. Our Baron's Sunday Buffet is a potpourri of impeccable local and western cuisines. For the young289 words
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Advertisement183 1988-09-03 8 Ernest Greg L.V y The JADE LOUNGE is the perfect spot to relax in, after a hard day at work. Ernest and Greg provide a hot new entertainment style. With a rich repertoire of ballads, old favourites and impersonations. Ernest is a soloist and plays the guitar while Greg plays183 words
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Advertisement207 1988-09-03 8 PLUM'S YOUR AUGUST FEAST RICH NONYA FLAVOURS AUGUST 22 SEPTEMBER 4 Discover spicy, flavourful nonya novelties at Hyatt Regency Singapore. Come to Plum's and let nonya food expert. Christibelle Savage personally prepare "baba" specials just for you. Nonya lunch and dinner buffets SS2O* hwtQsaujana m 5* a AT PHOENIX At207 words
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Advertisement219 1988-09-03 8 m 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. But only on Sundays between 11.30 am and 2.30pm. .And for a limited penod. 4K 24—hr Coffee\Housc/ (Level 5) Where the service is219 words
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Advertisement234 1988-09-03 8 I Woo d All en IMWIDRNiTHEWUIU! Produced by- special arrangement with x* Samuel French. Inc. 4 7 The zaniest. finest and funniest comedy by America's jQWBp top comic script writer is now in Singapore. "...A master of bright and hilarious dialogue. New York Past Book your tables early for seats234 words
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Page 9 Advertisements
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Advertisement227 1988-09-03 9 entertain... (S>nU El v Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast right through to pastries, puddings, fruit salad and cheeseboard227 words
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Page 10 Miscellaneous
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Miscellaneous1661 1988-09-03 10 Bill Cosby, Laurel and Hardy, and Gunsmoke Movies A 10-YEAR-OLD boy (Angelo Madrigale), torn apart by the pain and confusion that follows his grandfather's death, befriends an aging gentleman (Frank Urso) in Undo. The close friendship that develops helps the child to understand the mystery of death and allows the1,661 words
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Miscellaneous996 1988-09-03 10 SATURDAY BBC 88.9 mHi in VHF Band N SAM World News 6.09 The World Today 6.30 Financial News 6.40 Reflections 6.45 Sports Roundup 7.00 World News 7.0« Commentary. 7.15 From the Weeklies 7.30 Multitrack 3 6.00 World News 6.06 News about Britain 6.15 Radio Newsreel 6.30 Personal View 6.45 Recording996 words
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Page 11 Advertisements
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Advertisement293 1988-09-03 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 care293 words
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Page 12 Miscellaneous
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Miscellaneous627 1988-09-03 12 CRYPTIC PUZZLE ACROSS 1 It's all incomprehensible to me (5) 6 Cheeky colour (5) 9 Smith, townsman with a title (7) 3 Like electric blue? (5) 1 Intends changing names (5) 2 He appears to be entertaining (5) 3 When wronged, even Reg may take it (7) 5 In time,627 words
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Page 13 Advertisements
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Advertisement28 1988-09-03 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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Advertisement63 1988-09-03 13 MERIDIEN SINGAPOUR The Low-Calorie Cuisine Of Masterchef Jacques Maniere Treat your palate to the finest low-calorie cuisine Which Chef Jacques Maniere expertly Prepares with a certain 'joie de vivre'. So celebrate at la Brasserie Georges Without having to count your calories. Different a la carte menus From September 5-9,1988. For63 words
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COMPANIES & STOCK MARKETS
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Article261 1988-09-03 15 m2m w>ysL^ By HOCK LOCK SIEW THE CLOUD of mystery over the fate of First Capital Corporation thickens as the company and its parent, United Industrial Corporation, were suspended from trading yesterday pending announcements. Although no official word from the company was forthcoming, the marketBy HOCK LOCK SIEW - 261 words
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Article328 1988-09-03 15 STANLEY HO, kingpin of the gambling business in Macau, is about to steal a march on Brian Chang of Promet in the race to set up a casino in the resort district comprising Pattaya, Phuket and Langkawi. Brian Chang is known to have been keen to328 words
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377 1988-09-03 15 GOODMAN FIELDER Watties decision to sell its near 30 per cent stake in British food group Ranks Hovis McDougall is not surprising. Speculation of an imminent change of hands for the strategic stake has been making the rounds in the City since377 words
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Article55 1988-09-03 15 NEW DEFINITION of rights issue by the outgoing chairman of Standard Chartered Bank, Sir Peter Graham, who is still coy about the timing of the bank's much-awaited cash call: "They are like your moth-er-in-law they always come when you least expect it," he was quoted as saying by55 words
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Article, Illustration519 1988-09-03 15 MBT KFC HOLDINGS, which operates the Kentucky Fried Chicken franchise in Malaysia, is expected to make its debut on the Kuala Lumpur stock market in October. The group has projected a pre-tax profit of M 513.2 million for the year ending DecMBT - 519 words
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Article, Illustration789 1988-09-03 15 LONG SHIH ROME - Results to be released over the weekend By LONG SHIH ROME SIME DARBY Bhd's muchawaited 1987/88 year-end results. which will be finalised today, are expected to reflect the full benefits of higher commodity prices as well as improved earnings from its non-listed789 words
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288 1988-09-03 15 THE OUEUEING system to enable foreign shareholders of Singapore Airlines Ltd to systematically register their holdings was discontinued with effect from yesterday with some five million shares still awaiting registration. A spokesman for the registrars Peat Marwick said the queueing system288 words
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Article414 1988-09-03 15 Reuter FOREIGN SECURITIES firms, encouraged by liberalised foreign investment rules, are likely to emerge as key players on the Singapore Stock Exchange, investment analysts say "The stockbroking community is no longer a closed club for locals." one analyst said in Singapore yesterday The exchange said inReuter - 414 words
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COMPANY BRIEFS
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Article54 1988-09-03 15 QAF LTD has received in-principle approval from the SES for the listing and quotation of its rights shares. But it has not received approvals from the KLSE and CIC yet. An extraordinary general meeting will be held on Sep 9. 1988, for stockholders to54 words
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Article36 1988-09-03 15 IN RESPONSE TO a query from the KLSE on Imatex Bhd s tie-up with a Singapore group, the company said it has not finalised negotiations yet so an announcement would be premature36 words
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Article55 1988-09-03 15 TRANS ISLAND Bus Services Ltd said the consideration of $8.5 m for the acquisition of PB Packaqing was determined on a willing-buyer willing-seller basis, after taking into account the latter s track record and its prospects There is no service contracts with any of55 words
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Article27 1988-09-03 15 SHAREHOLDERS wishing to subscribe for the Hotel Properties bond issue with warrants must submit their acceptances by 4pm on Sep 5, 198827 words
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Article351 1988-09-03 15 Company P*rtod Dot* Y»of LAST RJLL YEAR Ntt EPS Oron N*t M T C Wepco B«kit Katil Sel Properties M U 1 M U Mfg londrnorfcs Hldgs M Negaro Eu Yon Song Ma lex A B N Inoovejt Bhd MBS londmarfcs Hldgs A P 1 Dunlop Est Meoong351 words
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Article253 1988-09-03 15 LAST FULL YEAR Company Period Dote Year N «f EPS Gross Net announced •nding (cents) dHr profh last yeor ($•000) Duta Coos Final Aug 28 Dec 86 4.8481 Fed Cables Final Sep 12 Jun 87 6.175l(i) S J Amol Final Mar 87 6 6 472 Worldwide Hldgs Final253 words
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STOCK EXCHANGE OF SINGAPORE
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Article32 1988-09-03 16 Company RIGHTS ISSUE f N Two-lor-five $300 per shore Ex-date: Sep 5 Books dose: Sep IS taleigh Seven for-two $1 00 per share Ex-date: Aug 31 Books dose: Sep 1432 words
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Article308 1988-09-03 16 Company RIGHTS ISSUE A M D B One-for-four $050 per share C 1 Holdings 27 million loon stocks in the ratio of $3 loan stock for every five ordinary shares held Duto Coos One for one $1 10 per share PACB One-for-one $060 per share General Corp Issue308 words
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Article197 1988-09-03 16 SINGATRONICS Limited: EGM at Board Room, #0601/06, 512 Chai Chee Lane.Bedok Industrial Estate. Singapore 1646 on Thursday, Sep 8, at 11am. QAF Limited AGM at Hyatt Regency, Singapore. Sir Stamford Room, 10/12 Scotts Road. Singapore 0922 on Friday, Sep 9, at 11am. MBf FINANCE Berhed: 17th AGM at197 words
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Article336 1988-09-03 16 Monot l«fV prices for ■> 3 5 UOB Management Umfund 0 92 0 92 Unibond 1 005 1 00 Since ipore Unit Trust The Commit O'V 103 MAR A-Bumiputra The Sow ngs c und ou 092 nnf B putro 625 630 S pore p rog f ufK 041336 words
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Article, Illustration685 1988-09-03 16 GALEN CHAY - -By GALEN CHAY THE SINGAPORE stock market closed on a firm note yesterday with property and marine stocks dominating activity. Trading was thin. Despite an overnight 29-point fall in the Dow Jones Industrial Average on Wall Street, investors went bargain-hunting encouraged by the685 words
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Article5376 1988-09-03 16 :P 1988 High Low Tel Code Company Last Sale OTGr's Dlv Dlv C'vr Gr's YW Net P/E Vol Day ('000) High Low Last Quote Buyer Seller SECTION ONE INDUSTRIAL ft COMMERCIAL 141 85 218 167 135 460 186 350 129 167 177 297 59% 354 555 5655,376 words
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SES/KLSE
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Article, Illustration3915 1988-09-03 17 SHARE PRICES on the Kuala Lumpur market firmed up over a broad front at the close, prompted by the Malaysian central bank's report of a 7.5 per cent growth in the country's gross domestic product in the first quarter of 1988. The3,915 words
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231 1988-09-03 17 Bernama ARAB-MALAYSIAN Merchant Bank Bhd (AMMB) is working hard" towards establishing a property trust fund, its chairman Tan Sri Azman Hashim said He said the bank was looking for a foreign partner to set up the fund, which would be the firstBernama - 231 words
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Article134 1988-09-03 17 Bernama A TOTAL of M 52.2 billion has been raised in the Malaysian capital market by the public and private sectors in the first quarter of this year through the issue of government and quoted corporate securities. Bank Negara said In its latest quarterly bulletinBernama - 134 words
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Article655 1988-09-03 17 Current Ci looks Ml ToM tor Totot tor c > *r m a"t data dooa ■M yaar toat yaor Alox Hldgs 6%IW Aug 30 Sap 9 Sap 26 6% 6% B Royo 1%« Sap 15 Sap 29 Oct 25 Roto 8% III Sap 9 Sap 23 Oct 12655 words
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Article632 1988-09-03 17 BONDS, LOANS WARRANTS Company tnpkyl Coupo n Conversion period tfilocvst Conversion term for one ordinary maturity data <%) payable •hare Chwon Hup Wrti 1991 Anytime on or after Mar 1987 16 warrants plus $1 60 cosh until Dec 31. 1991 City Dev Roods 1994 5K Feb 1 Oty Do* Wrts632 words
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REGIONAL MARKETS
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627 1988-09-03 18 Europe seen as second haven for foreign portfolios Reuter JAPANESE life insurers, known as Seiho. are increasingly interested in adding to their holdings of European bonds and shares, especially ahead of the 1992 EC single market. "Paying regard to risk management. we are under pressureReuter - 627 words
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167 1988-09-03 18 AFP THE real estate-based Ayala Corp made a net income of 291.3 million pesos (US$l3.B million) in the first half of 1988, the company said in Manila yesterday. This was a 20.8 per cent increase over the 241.1-million-peso (US$ll.6 million) net income registeredAFP - 167 words
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350 1988-09-03 18 FT TWO large Japanese groups, believed to be Mitsubishi and Kawasaki, which count train production among their operations, have shown an interest in purchasing British Rail Engineering (BREL) from the government. They are among 12 companies invited this month to tender for theFT - 350 words
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Article, Illustration703 1988-09-03 18 Reuter CHRYSLER Corp and Mitsubishi Motors Corp have begun producing cars in a joint venture that car analysts say will pull Chrysler even with its US competitors in the race for Japanese know-how. The venture, Diamond-Star Motors Inc, will allow Chrysler, toReuter - 703 words
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Article, Illustration523 1988-09-03 18 Tokyo Reuter TOKYO share prices closed higher yesterday, recouping earlier losses as investors picked up some bargains in a generally dull session. "The market is a little skittish and noncommittal. It is moving more for technical reasons than sentiment reasons." a broker said "With New York closing downReuter - 523 words
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Article, Illustration561 1988-09-03 18 Australia Reuter THE Australian share market closed firm but off the day's highs yesterday as a recovery in the industrial sector propped up the ailing main index. Brokers said the market was boosted by Tokyo, where the Nikkei Average was 130 points higher before its close, inReuter - 561 words
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Article, Illustration1441 1988-09-03 18 Hongkong HONGKONG share prices closed higher yesterday following another quiet trading day. with most investors keeping to the sidelines to await new direction, brokers said. The Hang Seng index ended 16.57 higher at 2.449.89 after an initial 12-point fall in early trading The broader-based Hongkong Index1,441 words
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Article277 1988-09-03 18 Reuter SHARE PRICES in Seoul yesterday closed mixed after late profit-taking by nervous investors erased slight gams in the morning. brokers said. The composite index eased 0.99 points to close at 674.68 on turnover of 101.9 billion won against 104.9 billion on Thursday. "Private investors became cautiousReuter - 277 words
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Article162 1988-09-03 18 Reuter HEAVY profit-taking triggered by a slowdown in institutional demand pushed Bombay share prices down yesterday after three days of sharp gains, brokers said. But the fall was only a technical adjustment after the week's large t gains, they added. Dealers said underlying market sentiment remained bullish followingReuter - 162 words
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Article165 1988-09-03 18 Reuter THE SECURITIES Enchange of Thailand index edged up 024 to 433 61 points on a turnover of 5.902.407 shares worth 327 98 million baht um Ao Kham That 430 *12 Ayxidhya ln»aa»mam 430 unch Bangkok Agro-ind '03 unch Bangkok Bank 31S *2 Bank 0» AyoOhyaReuter - 165 words
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Article367 1988-09-03 18 Reuter LATE SELLING yesterday pushed Taiwan shares down from the day's high at the close, but prices were firm on Thursday's closing level, brokers said. The weighted index rose 7.63 points or 0.1 per cent to close at 7.825.08 compared with 7,931.39 in early trade and Thursday'sReuter - 367 words
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Article155 1988-09-03 18 Reuter SHARE PRiCES in Manila yesterday fell for the second day in thin trading fol- lowing weak metal prices in the mining sector and a lack of fresh incentives in the oil sector "The easing that began on Thursday was basically part of the general downtrend initiatedReuter - 155 words
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Article125 1988-09-03 18 Reuter THE NEW ZEALAND share market closed little changed yesterday after traders adopted a wait-and-see attitude, brokers said The Barclays Index rose 8 96 to 1.997 39 "It was a pretty flat, tired sort of market." one broker said "The market is waiting to see whatReuter - 125 words
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WORLD MARKETS
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Article, Illustration821 1988-09-03 19 New York Reuter WALL STREET STOCKS were broadly battered on Thursday with some of the biggest losses showing up in the technology sector. Blue chips closed lower for the third time this week, posting their sharpest loss since Aug 15. Traders blamed futures-related selling and marketReuter - 821 words
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Article, Illustration918 1988-09-03 19 London Reuter LONDON share prices opened mostly firmer in quiet trading yesterday despite Wall Street's decline on Thursday and amid renewed sterling weakness. Dealers said yesterday morning s modest gains represented a technical reaction to falls on Thursday. The New York market's 29-point loss was largely discountedReuter - 918 words
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Article2173 1988-09-03 19 Reuter MILAN: Italian shares yesterday extended their losses at the end of a week which has seen blue chips and other shares retreat across a broad front on gloom over the outlook for international interest rates, dealers said. The MIB Index closed 1.3 per cent lower onReuter - 2,173 words
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Article68 1988-09-03 19 AFP THE SOUTH AFRICAN insurance group Liberty Life has announced it would incorporate all its foreign interests in a single entity The move should allow it greater access to European capital. Liberty sparked off intense speculation on Tuesday in London and Johannesburg by suspending listingsAFP - 68 words
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653 1988-09-03 19 Reuter THE THREE big Western aircraft manufacturers attending next week's Farnborough Air Show in England are enjoying an unprecedented order boom, but extended delivery dates are troubling airlines, industry sources said. According to aircraft valuer Avmark International, total orders. which include some of theReuter - 653 words
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Article, Illustration406 1988-09-03 19 FT BRITISH PETROLEUM is to float 15 per cent of its gold mining subsidiary on the New York Stock Exchange later this month on terms which value the whole company at more than US$l.2 billion. Most of the oil group's gold miningFT - 406 words
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Page 15 Advertisements
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Advertisement59 1988-09-03 15 Pharmaton Capsules An effective aid to :good health One Pharmaton 5 capsule a day will help to maintain your well-being, relieve LA tiredness and improve physical fitness. Available at all leading pharmacies, drugstores and the local distributor: liis) INDRUCCO PTE LTD. 34-C North Canal Ro. id S(0105) TEL: *****24 Fa*:59 words
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Page 15 Miscellaneous
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Miscellaneous37 1988-09-03 15 4/oao '7ZA&;O££, &a/ A*f,e.C£AM&& IV/US7&? Af/S. A//£&gcx/. o/c& t*/4A/7~4 77&Z£Tr /Vo 7M*a/A&s AIAI//Z /7~£ 7&D T& /=?x /r. by Martell rtx £cts>6.£> <y&0 A 77// A/6 77V^r?> r U~, £>C4M/%£ £M2C&£'7?S£/&6tfr 77A*£-/W£> C/OCS4&C 4 rzztzr:.. &A/4&JL0 137 words
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Page 19 Advertisements
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Advertisement248 1988-09-03 19 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND CAVENDISH 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 2nd day of September 1988, the following Special248 words
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Advertisement10 1988-09-03 19 NOTICES 1 ijj 3 rrrr i m 5 WW m10 words
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Advertisement381 1988-09-03 19 IN THE MATER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OP LA VINA CO PRIVATE LIMITED (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary Gen--1 eral Meeting of the mem- bers of Lavina Co Private Limited duly convened and held at 10 Collyer Quay #21-01.381 words
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415 1988-09-03 20 SOH TIANG KENG - Working committee awaits govt approval By SOH TIANG KENG, Financial Correspondent THE SINGAPORE Monetary Exchange will probably start trading in oil futures in the next few months, its chairman hinted last night. Speaking at the fourth anniversary dinner of Simex at415 words
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275 1988-09-03 20 UPI, AFP THE PAKISTAN government and the Air Force yesterday denied a news report that nine Air Force personnel had been arrested in connection with the plane crash that killed President Mohammad Zia-ul-Haq and 29 others. "The report is not correct,"UPI,; AFP - 275 words
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Article1368 1988-09-03 20 AT CONVENTIONAL WHARVES V«SMl Berth Arrival Departure KEPPEL WHARVES Bonglor Swopno KI5 alongside 0309/1500 Berber Noro C09 alongside 0309 0600 Beilong <36 alongside 06 09 0600 Coly K30 alongside 07 09,0600 Continent 1 KI9 alongside 06 09 0600 Es Fuji KI9 alongside 0309 0600 For East Pilot1,368 words
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Article121 1988-09-03 20 Reuter THE HEAD of Africa's biggest trading group said yesterday that problems in the world economy were a good incentive for African nations to develop trade among themselves and reduce their dependency on outside imports. "Precisely because of these economic problems, the only alternative is toReuter - 121 words
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293 1988-09-03 20 Bernama THE SALE of industrial, residential, agricultural and commercial property in Malaysia rose in the first half of this year compared with the same period last year. Deputy Finance Minister Loke Yuen Yow told the Malaysian Real Estate Agents Association (Marea) inBernama - 293 words
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403 1988-09-03 20 Reuter BANKERS AROUND the world say that they are unlikely to agree to Unctad's call to cut nearly a third off the debt Third World debtors owe them. In a report issued yesterday, the UN Conference on Trade and Development had urgedReuter - 403 words
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Article75 1988-09-03 20 Reuter COMEX GOLD futures lost modest ground on light selling prior to the three-day holiday weekend in the US. In the first hour, December gold was down US$O.9O at U*****.80 an ounce. October delivered gold was off US$O.7O at U*****.20. Analysts said the interest was in squaring books,Reuter - 75 words
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Article, Illustration428 1988-09-03 20 Reuter THE SOVIET UNION hopes that its ally, Vietnam, will withdraw all its troops from Cambodia next year, a Soviet official said in Beijing yesterday after weeklong talks-with Chinese officials. Soviet Deputy Foreign Minister Igor Rogachev told reporters at Beijing airport that heReuter - 428 words
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Article232 1988-09-03 20 Reuter MALAYSIA HAS arranged a US$3OO million, 10-year Eurocredit on terms that represent a significant cost improvement over its last large loan, banking sources said in London. The new loan, arranged by J P Morgan Securities Asia, pays interest of ft per cent over the LondonReuter - 232 words
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210 1988-09-03 20 Bernama THE MALAYSIAN Chinese Association plans to draw up a system for monitoring and assessing the service performance of its elected representatives and local council members and will act against the inefficient. MCA president Datuk Dr Ling Liong Sik said in KualaBernama - 210 words
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365 1988-09-03 20 TONG SUIT CHEE - By TONG SUIT CHEE TWO SINGAPORE companies are among several partners developing a $70 million of-fice-cum-apartment building in Beijing The project is a 50:50 joint venture between the Beijing Travel Tourist Corporation and the Beijing International Trust Investment Co on one side, and L365 words
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LATE FILE
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Article36 1988-09-03 20 Bernama MALAYSIA'S gross exports continued to rise strongly in the first quarter this year mainly from the sharp increases in exports of both primary commodities and manufactured goods. Bank Negara said. BernamaBernama - 36 words
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37 1988-09-03 20 Bernama THE FIVE suspended Malaysian Supreme Court judges will, from today, answer all the allegations against them before a tribunal. Tan Sri Wan Suleiman Pawan Teh would be the first to testify.Bernama - 37 words
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Article51 1988-09-03 20 Bernama UMNO veteran Tan Sri Abdul Samad Idris said yesterday he was trying to gather together former party members to launch an initiative to reunite the Malays under the party. He said an end to existing "tension" would save the Malays and the future generation.Bernama - 51 words
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Article55 1988-09-03 20 AFP OFFICIALS of the Korea Trade Promotion Corporation (KOTRA), and the Shandong branch of the China Council for the Promotion of International Trade (CCPIT), are expected to sign an agreement on setting up offices in each other s country in the near future, KOTRA officialsAFP - 55 words
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Article39 1988-09-03 20 Reuter CHINESE legislators have complained that state secrets are regularly passed out of China by foreign journalists and later reimported for Chinese consumption, the China Youth News reported yesterday. It wanted this phenomenon "stamped out".Reuter - 39 words
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Article51 1988-09-03 20 AP AFGHAN rebels fired 48 missiles into Kabul, killing nine people, including five children, and injuring 21, Tass news agency said in Moscow yesterday. "One of the missiles exploded right in a playground by a school in a residential area, which was filled by kids."AP - 51 words
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Article34 1988-09-03 20 AFP SEOUL'S thousands of subway workers yesterday voted in favour of an indefinite strike from tomorrow, ignoring calls to stay at work because of the upcoming Seoul Olympics. AFPAFP - 34 words
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Page 20 Advertisements
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Advertisement13 1988-09-03 20 Unclad urge* bank* to ■lash Third World debt by 30pc: report, PAGE 513 words
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Advertisement28 1988-09-03 20 EXECUTIVE LIFESTYLE Special Supplement WHAT HAS this woman got in common with Prince Charles? Find out on September 7. The silver report was not available at press time28 words
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