The Business Times, 3 September 1988

Total Pages: 20
1 20 The Business Times
  • 12 1 BUSINESS TIMES VICI (P) 95/12/87 Weekend Edition, September 3-4 1988 75 CENTS
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  • 249 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 nearly
    AFP  -  249 words
  • 141 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
  • 255 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 Times
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  • 135 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 look
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  • 256 1 UPI JAPAN'S trade surplus with the US increased by US$7OO million in 1987 in spite of a decline in its total trade surplus, the Japan External Trade Organisation said yesterday. The Finance Ministry also announced yesterday that Japan's current accounts
    UPI  -  256 words
  • 620 1  -  Analysts confident PAP will secure mandate By FOO CHOY PENG THE NINE-DAY battle to win the hearts and minds of voters ended last night as political parties wrapped up their campaigns at nine rallies. Today, about 1.5 million Singaporeans will vote in
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  • 453 1  -  By LEE HAN SHIH, Property Correspondent FRENCH bank Societe Generale has given 15 companies one week to bid for the Harapan Building at Market Street. News of the private tender went round the property market in a day, leaving many people
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  • 130 1 AFP ASEAN OIL companies have agreed to help one another in supplying refined oil products in addition to crude. Antara news agency yesterday quoted an official of the Indonesian state oil firm Pertamina as having said that oil products could
    AFP  -  130 words
  • Page 1 Advertisements
    • 269 1 Nikon The World's Finest Photographic System. }%)}?,\!"=$<+_|`(:}+^[=~`&~$];` '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 Housing
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    • 68 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 t
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    • 7 1 Opsc's poor show dents prices, PAGE 3
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    • 91 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 TV
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  • GENERAL ELECTION '88
    • 615 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 day
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    • 76 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 and
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    • 175 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 by
      175 words
    • 319 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 Lee
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    • 477 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 in
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    • 381 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 in
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    • 184 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 (the
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    • 310 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 J
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    • 191 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 Chiam
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    • 269 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 the
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    • 145 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. If
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  • HOME NEWS
    • 125 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 airport
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    • 117 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 wage
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    • 155 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 and
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    • 81 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 between
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    • 204 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 yesterday
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    • 62 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 an
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  • OVERSEAS
    • 562 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 the
      UPI  -  562 words
    • 221 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 with
      AP  -  221 words
    • 803 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 BKK
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    • 234 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 no
      AFP  -  234 words
    • 98 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 said
      AFP  -  98 words
    • 258 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 campaign
      UPI; Reuter  -  258 words
    • 259 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 to
      FT  -  259 words
    • 349 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 the
      AFP  -  349 words
    • 204 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 countries
      FT  -  204 words
    • 549 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 Solidarity
      AP  -  549 words
    • 242 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 told
      Reuter  -  242 words
    • 122 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
  • Page 3 Advertisements
    • 61 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 Call
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    • 9 3 Banks urgsd to slash Third World dstrt by 30pc
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  • Page 3 Miscellaneous
    • 92 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 MADE
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    • 133 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 21/16
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  • MONEY AND EXCHANGES
    • 292 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 in
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    • 191 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 5/16
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    • 65 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 15/16
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    • 111 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 BIO
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    • 1479 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 dollar
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    • 460 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 to
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    • 323 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 that
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    • 218 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 50
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    • 1562 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 56
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  • BANKING AND FINANCE
    • 394 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), was
      Reuter  -  394 words
    • 487 5  -  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 interest
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    • 204 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 arrive
      FT  -  204 words
    • 354 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 rates
      FT  -  354 words
    • 320 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 and
      Bernama  -  320 words
    • 62 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 branch
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  • COMMODITIES
    • 239 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 420.00
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    • 210 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 the
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    • 275 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 242.50
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    • 348 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,
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    • 100 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. There
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    • 93 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» l
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    • 92 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$/bofr*l Chang* Topi, (S*p) I4JJ -0.10 Minot (S*p) 14.45 undt Dubai (Oct) 12.65 -0.30 W»i» Taxai lnt»rm*dlot«. WTI (Oct)* 15.04
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    • 540 5 Bernama MALAYSIAN CRUDE PALM OIL FUTURES closed lower yesterday on the Kuala Lumpur Commodity Exchange in active trading Dealers said prices eased slightly mainly on profit-taking activities ahead of the weekend while rumours that India had passed on its weekly tender also weighed down on levels. Coupled with
      Bernama  -  540 words
    • 125 5 SOYBEAN futures on the Chicago Board of Trade closed higher on Thursday influenced by gains in CBT corn and buying by commodity funds, traders said Soybeans closed mostly higher with spot Septup 14-1/2 at US$B 69 and Nov up 14 at 8 81-1/2. Refco was a net buyer of
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    • 280 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 session
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    • 220 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 and
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  • PERSPECTIVE
    • 525 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 the
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    • 2141 6  -  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 policy
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    • 724 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 at
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  • Page 6 Advertisements
    • 187 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,
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  • Page 6 Miscellaneous
    • 21 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 DiLemmß
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  • Executive Lifestyle
    • 1174 7  -  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 out
      Pictures from Sotheby's catalogues  -  1,174 words
    • 612 7  -  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"
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    • Executive Lifestyle: Entertainment & Pursuits
      • 560 8  -  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 countries
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      • 701 9  -  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 carefully
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      • 735 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 have
        UPI  -  735 words
      • 389 9  -  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 relentlessly
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      • 797 9  -  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-type
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      • 461 12  -  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 at
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      • 344 12  -  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 at
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      • 831 12  -  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 others
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      • 309 12  -  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 beat
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    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • 290 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 the
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      • 531 11  -  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: the
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      • 303 11  -  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 the
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      • 665 11  -  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 Diane
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      • 661 11  -  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 at
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      • 723 11  -  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.
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    • Executive Lifestyle: Personal Investment
      • 412 13  -  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.
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      • 246 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 stands
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      • 494 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 oversold
        by RC; Source: Investamatic  -  494 words
      • 708 13  -  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 decisions
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      • 795 13  -  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 monetary
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      • 329 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 for
        Sotheby's Research Department  -  329 words
    • Executive Lifestyle: Sports
      • 1247 14  -  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
      • 1773 14  - '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 years
        1,773 words
      • 397 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
      • 327 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 of
        AFP  -  327 words
      • 285 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
      • 756 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
  • Page 7 Advertisements
    • 5 7 Straws is on PAGE 10
      5 words
    • 153 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 the
      153 words

  • Page 8 Advertisements
    • 289 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 young
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    • 183 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 plays
      183 words
    • 207 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 At
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    • 219 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 is
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    • 234 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 seats
      234 words

  • Page 9 Advertisements
    • 227 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 cheeseboard
      227 words

  • Page 10 Miscellaneous
    • 1661 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 the
      1,661 words
    • 996 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 Recording
      996 words

  • Page 11 Advertisements
    • 293 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 care
      293 words

  • Page 12 Miscellaneous
    • 627 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

  • Page 13 Advertisements
    • 28 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
    • 63 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. For
      63 words


  • COMPANIES & STOCK MARKETS
    • 261 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 market
      By HOCK LOCK SIEW  -  261 words
    • 328 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 to
      328 words
    • 377 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 since
      377 words
    • 55 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 by
      55 words
    • 519 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 Dec
      MBT  -  519 words
    • 789 15  -  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-listed
      789 words
    • 288 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 system
      288 words
    • 414 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 in
      Reuter  -  414 words
    • COMPANY BRIEFS
      • 54 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 to
        54 words
      • 36 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 premature
        36 words
      • 55 15 TRANS ISLAND Bus Services Ltd said the consideration of $8.5 m for the acquisition of PB Packaqing was determined on a willing-buyer willing-seller basis, after taking into account the latter s track record and its prospects There is no service contracts with any of
        55 words
      • 27 15 SHAREHOLDERS wishing to subscribe for the Hotel Properties bond issue with warrants must submit their acceptances by 4pm on Sep 5, 1988
        27 words
    • 351 15 Company P*rtod Dot* Y»of LAST RJLL YEAR Ntt EPS Oron N*t M T C Wepco B«kit Katil Sel Properties M U 1 M U Mfg londrnorfcs Hldgs M Negaro Eu Yon Song Ma lex A B N Inoovejt Bhd MBS londmarfcs Hldgs A P 1 Dunlop Est Meoong
      351 words
    • 253 15 LAST FULL YEAR Company Period Dote Year N «f EPS Gross Net announced •nding (cents) dHr profh last yeor ($•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 Final
      253 words
    • STOCK EXCHANGE OF SINGAPORE
      • 32 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 14
        32 words
      • 308 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 Issue
        308 words
      • 197 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 at
        197 words
      • 336 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 041
        336 words
      • 685 16  -  -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 the
        685 words
    • 5376 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% 354 555 565
      5,376 words
    • SES/KLSE
      • 3915 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. The
        3,915 words
      • 231 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 first
        Bernama  -  231 words
      • 134 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 bulletin
        Bernama  -  134 words
      • 655 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 12
        655 words
      • 632 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 $1 60 cosh until Dec 31. 1991 City Dev Roods 1994 5K Feb 1 Oty Do* Wrts
        632 words
    • REGIONAL MARKETS
      • 627 18 Europe seen as second haven for foreign portfolios Reuter JAPANESE life insurers, known as Seiho. are increasingly interested in adding to their holdings of European bonds and shares, especially ahead of the 1992 EC single market. "Paying regard to risk management. we are under pressure
        Reuter  -  627 words
      • 167 18 AFP THE real estate-based Ayala Corp made a net income of 291.3 million pesos (US$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 registered
        AFP  -  167 words
      • 350 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 the
        FT  -  350 words
      • 703 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, to
        Reuter  -  703 words
      • 523 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 down
        Reuter  -  523 words
      • 561 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, in
        Reuter  -  561 words
      • 1441 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 Index
        1,441 words
      • 277 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 cautious
        Reuter  -  277 words
      • 162 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 following
        Reuter  -  162 words
      • 165 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» AyoOhya
        Reuter  -  165 words
      • 367 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's
        Reuter  -  367 words
      • 155 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 initiated
        Reuter  -  155 words
      • 125 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 what
        Reuter  -  125 words
    • WORLD MARKETS
      • 821 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 market
        Reuter  -  821 words
      • 918 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 discounted
        Reuter  -  918 words
      • 2173 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 on
        Reuter  -  2,173 words
      • 68 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 listings
        AFP  -  68 words
      • 653 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 the
        Reuter  -  653 words
      • 406 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 mining
        FT  -  406 words
  • Page 15 Advertisements
    • 59 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
  • Page 15 Miscellaneous
    • 37 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 1
      37 words




  • Page 19 Advertisements
    • 248 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 Special
      248 words
    • 10 19 NOTICES 1 ijj 3 rrrr i m 5 WW m
      10 words
    • 381 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

  • 415 20  -  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 at
    415 words
  • 275 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
  • 1368 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 Pilot
    1,368 words
  • 121 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 to
    Reuter  -  121 words
  • 293 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) in
    Bernama  -  293 words
  • 403 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 urged
    Reuter  -  403 words
  • 75 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
  • 428 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 he
    Reuter  -  428 words
  • 232 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 London
    Reuter  -  232 words
  • 210 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 Kuala
    Bernama  -  210 words
  • 365 20  -  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 L
    365 words
  • LATE FILE
    • 36 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. Bernama
      Bernama  -  36 words
    • 37 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
    • 51 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
    • 55 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 officials
      AFP  -  55 words
    • 39 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
    • 51 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
    • 34 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. AFP
      AFP  -  34 words
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