The Business Times, 8 October 1988

Microfilm: NL16262
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, October 8-9 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    271 1 AFP Dow Jones up THE NEW YORK stock market rallied yesterday morning on news of smaller-than-expec-ted employment growth last month. The Dow Jones Industrial Average rose 9.78 points to 2,117.53 in the first hour of trading. Gainers outnumbered losers by nearly three to one, with 682 up,
    AFP  -  271 words
  • Article
    US$ falls sharply on release of US job data
    90 1 THE AMERICAN dollar fell sharply against major currencies in New York yesterday on news of the smaller-than-expected growth in US employment for September. Dealers said the US dollar shed a full pfennig against the West German mark and half a Japanese
    90 words
  • Article
    Futurelink fights to retain futures operations in the Philippines
    511 1  -  By AL O LABITA Jr THE MANILA affiliate of Singa-pore-based Futurelink Pte Ltd is fighting to retain its futures trading operations in the Philippines despite its closure by the Securities and Exchange Commission (SEC). "We are confident that we will be
    511 words
  • Article, Illustration
    Stocks chalk up gains for second day
    250 1 THE SINGAPORE stock market saw its second day of gains following an announcement by the government that rent control would be phased out. The Straits Times Industrial Index posted a gain of 5.53 points to 1,003.27 while the Business Times Composite Index edged
    250 words
  • Article
    Unlikely partners seeking entry into stockbroking
    463 1  -  Plain crazy, says one broker By CORRINA LIM THE Stock Exchange of Singapore's second round of corporatisation of stockbroking firms has attracted some unlikely names. The somewhat mismatched partners seeking entry into the local stockbroking industry are: Neptune Orient Lines with InnoPacific Holdings Ltd
    463 words
  • Article, Illustration
    Futsing clan making Singapore its centre
    414 1  -  By LEE HAN SHIH THE RICHEST Chinese in Indonesia wants to make Singapore the centre for Futsing clan members who live outside China. Singapore, with its stable environment and good communications, is the perfect meeting place for the Futsing Chinese, Mr Liem Sioe Liong
    414 words
  • Article
    Lock icon US jobless rate drops
    173 1 Reuter THE US JOBLESS rate fell to 5.4 per cent in September from 5.6 per cent in August as non-farm businesses hired 255,000 workers last month compared with 169,000 in August, the Labour Department said yesterday. The jobless figure provides the first glimpse of how the
    Reuter  -  173 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      243 1 Mfkan v Tho World's Ftnoot Photographic System. BT on Saturday: Food for moral thought 6 Insurance industry 5 Healthy growth this year Rant control 6 Towards a one-tier property market Home News: 2 A dreamer gave the world McDonald's hamburgers; Goldhill expects to earn $23m in rentals Foreign News: 3
      243 words
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      Page 1 Advertisements Column 2
      13 1 Full report, PAGE 16 Rog mfcts, PAGE 18 C World mfcts, PAGE 19
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      Page 1 Advertisements Column 3
      9 1 US bustf>*ttm«fi rul* out rtst io inflstlon, BACK PAGE
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      Page 1 Advertisements Column 4
      253 1 The World's Rneet A mk I 'St- 10 a m Dirty torque Page 7 nmii invn Sweet dreams are not made of these Page 7 Meet the Working Mother of the Year Page Sex and weight Page 9 Social gospel Page 9 TV programmes for today and tomorrow On the
      253 words
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  • HOME NEWS
    • Article
      A dreamer gave the world McDonald's hamburgers
      549 2  -  More than 10,000 restaurants in 50 countries By TAN KEE WEE THEY NICKNAMED him "Danny Dreamer" because he was always deep in his thoughts and dreaming up new ideas. In the end. Ray Kroc, the founding father of McDonald's, showed the world the
      549 words
    • Article
      Value of new building jobs plunged in August
      237 2 THE MONTHLY VALUE of new building jobs awarded in Singapore fell below the $200 million mark for the first time in August. Official records released yesterday showed that contractors only managed to secure $170.6 million worth of new jobs in that month,
      237 words
    • Article, Illustration
      Goldhill expects to earn $23m in rentals
      506 2  -  By TONG SUIT CHEE GOLDHILL SQUARE will earn about $23 million in annual rents after a newly initiated $6 million renovation programme is completed early next year. This contrasted with an estimated $14.5 million in rentals in 1966/87. The wholly-owned United Overseas Land
      506 words
    • Article
      World transport experts to meet next week
      180 2 SOME 450 transportation experts from more than 45 countries will meet in Singapore next week for a world conference on public transportation. The conference. "Management and Development of Urban Public Transport Service in Asia", will be held from Oct 11 to 13 at
      180 words
    • Article
      KL and S'pore team up to fight oil spills
      221 2 ENVIRONMENT Minister Dr Ahmad Mattar and his Malaysian counterpart, Datuk Amar Stephen K T Vong, have agreed in principle to hold joint exercises to combat oil spills in the Straits of Malacca and Straits of Singapore. A joint press statement released
      221 words
    • Article
      Indian delegation here to promote trade
      361 2  -  By HARISH MEHTA A DELEGATION of Indian businesswomen was in Singapore this week to promote two-way trade, which has assumed top priority following the Indian government's new policy, which targets an 18 per cent annual export growth rate. Led by Mrs Rani Tarneja. president
      361 words
    • Article
      SHIPS IN PORT
      1191 2 AT CONVENTIONAL WHARVES VMM! KEPPEL WHARVES B«rth Arrival DtpMWi Continent I KI9 olongstoe 11.10/0700 Gooyong K3S o Long side 14 10/0600 Goto Stream K27 olongstoe 10 10/0600 Huohe K2I olongstoe 1010/2300 Mti K33 olongstoe 09 10/2300 Koto Beno' K32 olotiQskto 1210/0600 Kris Melela K24E alongside 0610/2300 Leipzig
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      163 2 Welcome to the new comforts of home There are changes in the air at Hotel Equatorial Kuala Lumpur. Most important is the total make-over in our rooms and suites, now in a modern, contemporary style that's j charmingly comfortable. A new refreshing look greets you at our lobby. Plush, inviting
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      Page 2 Advertisements Column 2
      94 2 saamta aan) mmm BT. Singapore's largest daily, carries an in-depth and up-to-date coverage on the banking and financial sectors, both local and overseas. This indispensable page keeps all bankers, investors and traders informed on significant international events and contracts The Money and Exchanges column included in this section contains daily
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  • OVERSEAS
    • Article
      Lock icon Japan hauls EC before Gatt over anti-dumping dispute
      405 3 FT AFP JAPAN showed its determination to pursue its complaint against the European Community's antidumping policy on Thursday by asking the General Agreement on Tariffs and Trade to adjudicate on the dispute. Tokyo's move came a day after the European Court of
      FT; AFP  -  405 words
    • Article
      Lock icon Blacks setting rules for Japanese
      347 3 AP BLACK US lawmakers plan to issue a "code of conduct" for Japanese businesses seeking to sell their products to black Americans, said a black Congressional leader. Congressman Mervyn Dymally on Thursday announced that the code, to be issued in a few weeks, is aimed
      AP  -  347 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      912 3 ARRIVALS Operator Sorvk* number local Hm# From ACA AC888 0925 YYZ/LHt/ROM SU SQ103 0950 KUl cpx AX710 0955 CGK CAL CI806 1000 CGK GU GA960 1100 CGK StA SQ105 1105 KUL HA RU21 1130 RWN TMA T1361 1130 REY/SHJ SiA SQ201 1145 CGK GU GA940 1150 MBS
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    • Article
      Lock icon S Korea lifts ban on trade with North
      387 3 Proposal to form single economic community Reuter, AFP SOUTH KOREA announced yesterday that it was lifting a ban on trade with its arch rival North Korea and proposed talks aimed at forming a single economic community. Deputy Prime Minister Rha Woong-Bae said
      Reuter,; AFP  -  387 words
    • Article
      Lock icon Bentsen's remark on Quayle a cheap shot: Reagan
      178 3 Agencies PRESIDENT Ronald Reagan has led an effort by the Republicans to rally round Senator Dan Quayle, their vice-presidential nominee, after a bruising debate with Senator Lloyd Bentsen, his Democratic opponent. Mr Reagan accused Mr Bentsen of a "cheap shot" when the
      Agencies  -  178 words
    • Article
      Lock icon Bankers in Chile cautious over Pinochet's defeat
      347 3 Reuter CHILEAN President Augusto Pinochet's failure to secure another eight-year term of office was greeted cautiously by the country's commercial bankers. The bankers, who declined to be identified, view the next few weeks and months as critical in determining how the country may
      Reuter  -  347 words
    • Article
      Lock icon Healthy Bonn data may not fend off critics
      169 3 Reuter THE LATEST batch of West German official data shows an economy enjoying its biggest upswing of the decade but analysts believe the figures will not help the country's policymakers fend off foreign criticism. The government said on Thursday that West German
      Reuter  -  169 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      63 3 fI 1a If Il£ The business person's choice, every I I II 111 I Tuesd v Th U r sd°y. Saturday and I 1 1 mI II f Sunday Leaving Changi Airport at I X. Vy 1 l 22 05 hours and arriving at Lester B International Airport the following
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      Page 3 Advertisements Column 2
      72 3 A Great Italian Event Staged In A Perfect Setting Ml LITALIAN DESIGN AT FIRST INTERNATIONAL DESIGN FORUM RAFFLES CITY CONVENTION CENTRE SINGAPORE, 19-23 OCTOBER 1988 y/ DESIGN "Algol" Television designer: Marco Zanuso producer: Brionvega spa "BkJone" Mobile vacuum cleaner designers: Francesco Trabucco, Marcello Vecchi producers: Alfat* !<pa For further information
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      120 3 ///''J* yw> Adeloid# Amsterdam Athens Bahrain Bangkok Barbodos Singapore OUTLOOK: Cloudy wWt rtoww lii IN m« In tie morning. Bolrvt Belgrode Berlin Bermuda Bonn Brisbane Brussels Budapest Buenos Aires Cairo Calgory Canberra Caracas Chicago Cop "ho gen Darwin Dublin Frankfurt Geneva Havana Helsinki Hobart Hongkong Honolulu Islamabad Istanbul Jakarta Jerusalem
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    • Miscellaneous
      Page 3 Miscellaneous Column 2
      63 3 Doonesbury 50 MUCH HAS HAPPBNBP OTHER LAST. AFRAID OF THAT. •s <> M FIRST, WB HAP A LABOR PISPUTBATDR.WHOOPBB, AND A PtSGRUHTLBPFORMBRBMpIoybb attackbpmbin The BKBCUWB WASHROOM WfTH A V' BY GARRY TRUDEAU AFTBR THAT, I HAP A WRRJP PLATONIC RELATIONSHIP WITH A CAPO FROM THBGAMBINO family, which bnpbpwhbni TDLP HIM
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Tokyo's forex volume appears to have overtaken New York's
      389 4 Reuter JAPANESE CURRENCY dealers and analysts believe the deceptive-ly-quiet Tokyo foreign exchange market may have overtaken the New York market to become the world's second largest behind London. A survey of foreign exchange volumes completed in March 1986 by the Bank
      Reuter  -  389 words
    • Article
      Money markets
      70 4 THE OVERNIGHT rat* on the Singapore money market rose 5/8 point to close at 5-1/2 per cent. One month rose by 1/16 point, two months by 1/8 point, and three months rose by 1/16 point S$ Interbank rates at the dose yesterday: OfffM MO Ow»rM9* 5 1/2 5
      70 words
    • Article
      Forex markets
      1033 4 SINGAPORE: The US dollar yesterday closed lower against most major currencies. Against the Singapore dollar, the US dollar closed lower at 2.0370/80 in dull trading. It traded within a range of 2.0395 and 2.0390. It opened initially at 2.0285/90. The dollar ended lower after continuing to trade quietly
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    • Article, Illustration
      World interest rates
      179 4 Indicate* the avtragt of th* prim* l*ndlng rat** of 12 ma|or bank* in Singapore Interbank market ratee (offer/bid) on Oct 7 us$ DM SWfC Y«n 7 day* 3/1* 3/16 12 11 7/• 4 13/14 13/14 3 3/« 1/2 4 1/2 3/8 1 nit 3/14 3/1A 12 11
      179 words
    • Article
      Government securities market
      113 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity bid OFFER HIGH LOW 3 months BQ*****Z 05.01.89 4.57 4.52 4.55 4.51 6 month* BY*****Z 23.03.89 4.72 4.67 1 y*ar BY*****S 20.07.89 4.73 4.68 4.72 4.69 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
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    • Article
      Simex
      487 4 DECEMBER Eurodollar futures opened one tick lower on Simex yesterdsy thsn the previous close at 91.21. Market activity remained locked within a tight range due to poeition squaring and adjustments ahead of the release of the US unemployment figure last night. The December contract traded from 91.22 to the
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    • Article
      IMM
      223 4 MOST IMM currency futures settled lower end some contracts posted fresh daily lows on a burst of selling on Thursday as traders made last-minute adjustments ahead of yesterday's US September jobs report. Japanese yen futures suffered the largest losses but traders said extremely thin market conditions exI aggerated the
      223 words
    • Article
      Comex gold/silver futures
      160 4 Gold futures on Oct 8, 1968 100 troy ouncat. USS par toy on ica Opwi Lav Oct §Q 404.30 402»0 xoo No. 40X70 3X0 Ok 406 00 409.40 406-50 X70 Fab 414.00 4I4J0 411.70 41X30 3X0 Apr 41t.70 419.00 417.90 41X40 ♦190 JMI 42X00 424.00 422.30 423-70
      160 words
    • Article
      Asian dollar market
      230 4 ASIAN DOLLAR deposit rates closed steady at the slightly firmer opening levels. with the market awaiting yesterday's US employment data. Term rates were slightly higher at the outset due to a marginal fall in US bond prices, but were unchanged in subsequent trading. us$ OffH MO 7
      230 words
    • Article
      Options
      1400 4 CURRENCY FUTURES OPTIONS Frtdoy, Oct 7, 1988 DEUT SCHEMARK (SNtfEX) Ma* M aaOa MHfi Lav Ml MM M pad Mgh Lot Oaa S3 53 54 M S1A Dac M eata Mgl |jp 47 3 Id 53 Ot UU) 51 Ktpk Low a 53 SOT S3 53 54 55 M
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      48 4 Do you know of a company that has dared to innovate? Call Adeline Yong on 344-8955 to Dominate a company worthy of the Enterprise Award. R I BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD WO/HOWtOC txmtss Jointly organised by Buaineaa Time* and DHL International (S) Pte Ltd
      48 words
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  • BANKING AND FINANCE
    • Article
      Lock icon UK banks show little enthusiasm for expanding business in Europe
      246 5 Reuter WHILE THE alliance announced this week by Royal Bank of Scotland and Banco Santander may herald similar moves in the runup to 1992, British banks are showing little enthusiasm for European expansion. "For most UK banks, Europe is of
      Reuter  -  246 words
    • Article, Illustration
      Lock icon HongkongBank chief to leave after row with Bank Negara
      244 5 Reuter THE HEAD of the Malaysian branch of Hongkongßank will leave after a clash with the Central Bank over foreign exchange rules, bankers said. Chief executive officer Richard Orgill would be replaced by Mr David Elson, a senior manager from Hongkong,
      Reuter  -  244 words
    • Article
      Lock icon Brazilian senator seeks to suspend debt pacts
      248 5 Reuter A LEADING Brazilian sanator has formally called on Congress to suspend recent debt agreements made between Brazil and its creditors. Severo Gomes, a former Industry and Trade Minister, said his request was made under the terms of the new constitution which came
      Reuter  -  248 words
    • Article
      Lock icon Malaysian loan increased to US$350m
      117 5 Reuter A 10-YEAR Malaysian government loan is being increased to US$35O million from US$3OO million because of strong syndication demand, a source at one of the five coordinating banks said. The loan was coordinated by Bank Bumiputra Malaysia Bhd, IBJ Asia Ltd, J P Morgan
      Reuter  -  117 words
    • Article
      S G Warburg identifies focus of business in Singapore
      212 5 SG WARBURG Securities (Singapore), set up six months ago, is focusing on stock exchange advice and brokerage business, raising money for Singapore institutions, international business and research, said the group's finance director, Mr Michael Gore. The scope for future expansion of
      212 words
    • Article
      Insurance industry sees healthy growth
      469 5  -  By SOH TIANG KENG SINGAPORE'S life insurance industry put up a sparkling performance during the first half of this year. And life insurance managers and agents predict the industry will sustain its high growth momentum in the second half. Latest figures released by the Monetary
      469 words
    • Article
      Lock icon Philippine team ends talks with banks
      164 5 AP A PHILIPPINE delegation concluded three days of talks with a committee of creditor banks in New York on Thursday, but neither side issued any statement or announcement on the result of the meetings. No official information was provided on the matters discussed, but
      AP  -  164 words
  • COMMODITIES
    • Article
      Rubber
      240 5 SINGAPORE: Rubber prices closed easier with November RSS 1 buyer quoted at 207.00 cents a kg yesterday. TSR-20 Award prices recovered some of/their early losses on short-covering in quiet trading. November buyer waa quoted at 199.50 cents a kg. The Rubber Association of Singapore said turnover on the TSR-20
      240 words
    • Article
      RAS and MRELB
      294 5 RAS prices in s cmmq, fob hi b«i« B NOON CLOSE Buyers Sellers Buyers Sellers kit 1 RSS Prompt 207.00 208.00N 205.00 206.00N Int 1 RSS Nov 88 209.00 210.00N 207.00 208.00N Int 1 RSS Dec 211 JO 212 JON 209JO 210.50N Int 2 RSS OP 207JO
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    • Article
      SSR and SMR
      74 5 (cann/kg) NOVEMBER 1988 DECEMBER 1988 (currant mootti) (forward month) RAS NOON NOON Buy«r* Buyers S*H*rj SSI 20 304.00 206.00N 204.00 206.00N SS> SO 202.00 204.00N 202.00 204.00N MRELB hryn lvy*n S*H*rs SMI cv 304.00 306.00N 306.00 308.00N SMI L 296A0 298.00N 298.00 300.00N SMI 5 276.00 278.00H
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    • Article
      KL Tin
      152 5 THE tin market yesterday rose two cents on renewed overseas support to close at Mslli4 a kg, ■ntr m Driff irNing %%w--slon. Although the premium over the European price widened to EtO a tonne alter the price fall in London, the market noted fresh Japaneae buying mainly for
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    • Article
      Lock icon Crude Oil and Products
      150 5 Source: Telerate Fuel oil prices slipped by US$l per tonne yesterday. With current levels almost at the lows of 1966, players wondered if the market had finally bottomed-out. About 2-3 cargo availabilities from the Arabian Gulf were reportedly arriving into the Singapore market at the end
      Source: Telerate  -  150 words
    • Article
      Soybean
      103 5 PROFESSIONAL and commission house selling in reaction to a bearish private crop forecast kept Chicago Board of Trade soybean prices under pressure on Thursday. Professional buying led by lowa Grain late in the session raised prices off session lows. The forecaster pegged soybeans at 1.543 billion bushels, up from
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    • Article
      Wheat
      95 5 AGGRESSIVE fund and professional buying propelled Chicago Board of Trade December and March wheat prices to contract highs at U554.33-3/4 per bushel and US$4.3B on Thursday, as futures closed higher under fast market conditions. December wheat closed up 6-1/2 cents at U554.323/4 and March was up 5-3/4 cents at
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    • Article
      Precious Metals
      381 5 HONGKONG: Gold cloaed unchanged yesterday against Thursday's finish in New York in the absence of fresh factors. Dealers said trading was slow apart from some mild buying from US investors. Bullion ended at U*****.50/404.00 an ounce, the same as New York's close and up slightly compared with the
      381 words
    • Article
      Palm Oil
      415 5 MALAYSIAN CRUDE PALM OIL FUTURES yesterday eased from the day's highs to close mixed on profit-taking and pre-weekend selling. Operators liquidated positions while awaiting the release of September palm oil output figures. Higher overnight Chicago soyoil futures had supported initial values. Nov and Jan closed Msl higher at
      415 words
    • Article
      Produce Prices
      234 5 Chinese Produce Exchange SeHtn' noon doiinQ 1 print on Oct 7 (S$/100 kg) Coconut oil Mk FOt 11L00 OW drum FOt I2S.00 New drum FOt 132.00 Copra 1 Mixed (too**) 69 tetters Pepper FOB NIW 550.00 Sarawak while FOt foq NLW 540-00 Sarawak ipedal black FOt NIW 312
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    • Article
      London markets
      131 5 Potm cM M'tk n crwdo OF UK/Ronordam unq (unq) M'sian/Sumatn an crvdo OF UK/toftardam Oct/Nov 427Mr (427.5*lr) Ok 430dr (430dr) Jon/Mar 440iir (440dr) M'lian RBD FO» Oct 390dr (392.5dr) Nov 395dr (395dr) Ok 400dr (397_5dr) M'sian RK> ol Mn FOB Oct 3«7.5slr (387_5slr) Dtc 400pd (402.5/400pd) Jon 405pd
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    • Article
      Lock icon Jakarta seeks higher quota
      73 5 Reuter INDONESIA will seek s higher coffes export quota when the nowty-agrsod International Coffee Organisation (ICO) accord expires next September, according to Indonesian Trade Minister Ariftn Sireger. Last, the ICO agreed on an initial global export quota of 56 million bags (60 kg) for the current
      Reuter  -  73 words
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  • PERSPECTIVE
    • Article
      Food for moral thought
      491 6 THE SHANGHAI paper Xinmin Evening News reported this week that invading termites had eaten their way through Putuo Palace temple, near Hangzhou, forcing the monks to disregard a religious proscription on killing and call in pest-control squads. The temple, sixty per cent of which has been
      491 words
    • Article, Illustration
      A one-tier property market
      1418 6  -  The government's decision to phase out rent controls on buildings completed before Sep 7, 1947, removes a major barrier to new development and paves the way for the restoration of many shophouses that have fallen into disrepair. LEE HAN SHIH, BTs property correspondent explains what the
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    • Article
      Current conditions in broking industry not conducive
      512 6  -  Letters to the Editor A REMISIER Dear Sir May I add another dimension to the subject of poaching of remisiers and dealers. During the pre Pan-El era stockbroking firms normally borrowed heavily. It was not uncommon then to find a firm with a
      512 words
    • Article
      Shareholders want report on property claim
      229 6  -  SHAREHOLDER Dnt 8k The recent news that the Cold Storage Group is to set up a property-holding subsidiary is an obvious and welcome development, not only because of the amount of the property assets of the group, but also because in these days, all
      229 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      349 6 ADVERTISEMENT The business magazine people are talking about Bn *TriTs!SM SELLING TO JAPAN V >\ A> "no*** >o k SELLING TO JAPAN The October issue Singapore Business chronicles the exploits of Singaporean manufacturers who are selling goods worth millions of dollars to Japan's quality-conscious, label-hungry consumers. A special nine-page package
      349 words
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      Page 6 Advertisements Column 2
      44 6 BT welcomes letters from readers. Your letters must Include your signature, full name, address, and home and office telephone numbers, H any. You may add a pseudonym, if you wish. Addrees your tettere to: The Editor. Business Times, 390, Kim Seng Road, Singapore 0923.
      44 words
  • Page 6 Miscellaneous
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Dirty torque
      1113 7  -  By CHRISTOPHER TAN ITS ABOUT FUN. friendship, fitness and competition. It may also be about sex. Well, it's like this several Sundays a year, a stew-pot mix of men and women, some professionals and others who just have the money, congregate at a large dirt plot in Loyang.
      Pictures by courtesy of Ideal Motor  -  1,113 words
    • Article, Illustration
      Sweet dreams are not made of these
      701 7  -  Pza/lAwA' *1 With JAIME LYE I HAD AN out-of-body experience the other day. Come to think of it, I have had several out-of-body experiences in the past couple of weeks In fact. I have had so many out-of-body experiences that my body now
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    • Article
      STRAWS in the Wind
      214 7 THE MINISTRY of Community Development held press conference recently on e report on the aged at an intrigu•no venue the Long-Ya-Men's Room. Mystified, reporters politely inquired about the facilities. A ministry spokesperson, obviously used to the reaction, laughed and sxplained that it was really a phonetic
      214 words
    • Executive Lifestyle: Entertainment & the Arts
      • Article, Illustration
        Mother, career woman, social worker
        394 8 CONTEST THREE HUNDRED AND EIGHTY nomination* wore received for the "Working Mother of the Year" contest launched in May. The organiser* of this first time contest Benedictine DOM end Her World magazine, sought to find a woman "able to manage a career without looeing any
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      • Article, Illustration
        Giant video screen for Heartstrings
        146 8 CHARITY IT's become the trend to have a giant video screen at large performances so that not a single second of the extravaganza is missed. On Oct 15. the giant screen will make its obligatory appearance at the Marina Square for Heartstrings, the Community Chest
        146 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Sex discrimination in weight
        738 9  -  HEALTH By SANGEETA MULCHAND THERE IS A groat difference between a man with an extra quarter of an inch around his tummy and a woman with an extra quarter of an inch around hers. "Most men don't sport bellies till they're 30," claims the author of
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      • Article, Illustration
        Social gospel according to Jasmine
        820 9  -  MUSIC By WALTON MORAIS IT MIGHT ONLY be a start. But if Jasmine Liew's brave attempt is any indication, social consciousness may be back on the campuses. The 19-year-old singer with the compellingly listenable voice decided to do "something different" during Wednesday's On Campus lunch-time
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      • Article
        'Tis fun to build your very own cellar
        714 9  -  ~Wine By N K YONG LAYING DOWN young wines to mature is great fun. It requires some outlay of money, to be sure, but for the serious wine lover a personal cellar is a never-ending source of pleasure and education. Disregarding the
        714 words
      • Article, Illustration
        Ceramic works by Picasso to go under the hammer
        373 11 PABLO PICASSO's grip on the public imagination extended beyond his bold, singular art and his controversial lifestyle. But the most famous of 20th Century artists was probably the greatest one-man art factory the world has ever seen, and the richest too.
        373 words
      • Article, Illustration
        And the lights gradually faded out
        572 11  -  MOVIES By JAIME LYE "YOU ARE NOT the kind of guy who would be at a place like this at this time of the morning." No. Michael J Fox isn't. And that's why it's so difficult to believe him saying that in Bright Light*.
        572 words
      • Article, Illustration
        Chinese art that's worth a study
        829 11  -  COLLECTING With LINDA CHEE THE SCHOLAR has always been a favourite theme in Chinese works of art. Scenes commonly depict him in solitude amid the grandeur of nature, or writing poetry in peaceful reflection among fellow literati Being acclaimed in society for their mental
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      • Article, Illustration
        Haunting works that will linger on
        865 11  -  wasi Roger Loh FLOOZY, designer-pop singers apart, this has been a bumper year for female singers. Fortunately, the notion that there's nothing more earthy than a female singer trying to sound honest is still evident among a new crop of artists. While moet of
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      • Article, Illustration
        About that notorious Wall St bank
        865 12  -  BOOKS By CHUANG PECK MING Title: The Predator*' Ball, The Junk Bond Raider* And The Man Who Staked Them Author: Connie Brock. Publisher: Tne American Lawyer/Simon Schuster. Available at Times, The Bookshop CONNIE BRUCK will never get invited to any more of junk bond
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      • Article
        Can the unknown engineers pull off an upset?
        627 12  -  Bridge By Mike Thumba THE DANGER that the reigning champions of the Inter-Club Bridge League last year, NUS Faculty Club, could be dethroned by the relatively unknown newcomers, the Institute of Engineers Singapore (lES), is very real. The first team that the
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      • Article
        BILLBOARD
        943 12  -  Compiled by Sakina Dhilawala CINEMA: PoMargalat 111 starring Tom Skerritt. Nancy Allen, Heather O'Rouke and Zelda Rubinstein. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Big starring Tom Hanks, Elizabeth Perkins, Robert Loggia and John Heard. Showing at Orchard: 11; 1.30; 4; 6.30; 9.15. King Kilimanjaro Mlnaa starring Christopher
        943 words
      • Article, Illustration
        Waffles that are light, crispy and golden brown
        393 12  -  FOOD By THE FOOD TEAM THEY've come a long way since Food Team members remembered Sundays with dad perched on a high stool at Magnolia Snack Bar, wolfing down waffles with a square of butter and a jug of honey or golden
        393 words
      • Article, Illustration
        Let Bonnie weave her spell over you
        677 12  -  PERSONALITIES By WALTON MORAIS BONNIE ANDERSON considers herself a psychologist. When businessmen troop into the Captain's Bar after a hard day's work, her job is to put them on a couch and work her soothing magic on frayed nerves. "I need to compensate
        677 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Now's the time to start buying, says investment guru
        685 13  -  KEEPING TRACK -by Rosie Tan THE GIANT financial services group Merrill Lynch, which recently announced in the US that it was bullish again, is spreading the same message in Singapore. Mr Leon C Brand, its vice-president and market specialist for international
        685 words
      • Article
        Grim forecast for stock markets
        268 13  -  by Soh Tiang Keng WORLD SECURITIES markets are still nursing their wounds inflicted by the crash last October, according to Mr Michael Gore, finance director of the S G Warburg group, one of Britain's top merchant banks. He told BT that world business and many
        268 words
      • Article, Illustration
        Level 960 crucial but crash unlikely
        279 13  -  James See Jam»9 SOO, Ro*o*rch DlroCtor, Kim Eng Smcurltl** Pto Ltd SOME STARGA2ERS have perhaps got it right after all Aug 8, 1988 was not a particularly auspicious day. The ST Industrial Index reached its post-crash high of 1177.87 that day and has headed
        279 words
      • Article
        Virtues of convertible loan stocks
        1110 13  -  INVESTMENT STRA TEGY By ROSIE TAN ONE TYPE of investment which can withstand significant market losses is the convertible loan stock. Convertibles actually enjoy the best of both the bond and the stock world and are excellent two-way bets. When the stockmarket is down, convertibles
        1,110 words
      • Article, Illustration
        Questions you should ask yourself
        859 13  -  INSURANCE BEGHItIERJ A mnfftm A By DEXTER LEE INSURING agpinst death and disability has been practised as early as 2500 BC by the Babylonians. In those days, life insurance was straightforward. If death or disability occurred, the life policy guaranteed a payment of a specified
        859 words
      • Article
        Centrestage for British Rail Pension Fund sale
        345 13  -  ART Ruth Corb THIS WEEK saw a rare glimpse of institutional involvement in the art market. In the UK, the movement by financial institutions into buying works of art. while extremely limited. has always attracted much attention. Therefore, a lot of interest centred
        345 words
      • Article
        ABN overtakes Daiwa
        268 13  -  COMPETITION By MAGDALENE NG DAIWA SINGAPORE and Alg«mene Bank Nedertand BV have switched positions one* again in the Great Investment Race after a lead by the Japanese bank for thrse weeks. ABN topped this week's returns with a score of 32.4 per cent. Whils the Dutch bank's
        268 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Americans sweep through
        343 14 GOLF UPI JEFF SLUMAN. the US PGA champion, led an inspired American attack on the U*****,000 Suntory world matchplay golf championship on the rain-lashed 6,315-metre Wentworth course on Thursday. Sluman swooped to a comfortable 6 and 5 win over Japan's Nobuo Serizawa as Joey Sindelar thrashed Britain's
        UPI  -  343 words
      • Article
        Lock icon Price finally gets his revenge after two years
        371 14 AFP NICK PRICE of Zimbabwe levelled an old score with Australian Rodger Davis in Wentworth on Thursday after a two-year wait. Price experienced a few anxious moments before securing his place in the second round of the £265,000 World Matchplay Championship with
        AFP  -  371 words
      • Article, Illustration
        Lock icon Dodgers score victory over Mets
        534 14 BASEBALL UPI MICKEY HATCHER aroused a slumbering offence with a tworun double in the second inning and rookie Tim Belcher fired a five-hitter over 8 1-3 innings on Wednesday night, helping the Los Angeles Dodgers square the national league playoffs at a game apiece with
        UPI  -  534 words
      • Article
        Facing the ultimate challenge
        423 14  -  TRIATHLON By CHARLES SAVAGE SOME people think it's a masochist's fantasy but to the 230 people who will swim, cycle and run a total of 87 kilometres, more than twice the distance of a marathon, it s the ultimate challenge. Expatriate chef Nitsche Reinhard, last year's
        423 words
      • Article
        Lock icon McKenzie to fight WBA champion
        62 14 AFP BRITAIN'S Duke McKenzie, who won the International Boxing Federation flyweight title on Wednesday, will fight World Boxing Association champion Fidel Bassa of Colombia in London next January. Promoter Mickey Duff and Wembley director Jarvis Astaire announced the bout on Thursday, just 12 hours after
        AFP  -  62 words
      • Article, Illustration
        Lock icon Curren overcomes Sampras
        250 14 TENNIS UPI NO. TWO seed Kevin Curren withstood a see-saw battle with Pete Sampras and went on to win a hectic 6-7 (7-5), 7-6 (10-8), 7-6 (7-1) match on Wednesday night in the second round of the U*****,000 Eagle Classic. Neither managed to break the other's serve
        UPI  -  250 words
      • Article, Illustration
        Lock icon Australia determined to win
        537 14 CRICKET AFP ONLY VICTORY will do for Australia in the third and final Test, which started in Lahore yesterday, and they are desperately hoping the role of the Pakistan spinners will be minimal. Australia have to win to level the series after a humiliating defeat in
        AFP  -  537 words
      • Article
        Lock icon Will Johnson be in the book?
        171 14 ATHLETICS AP EDITORS of the Guinness Book of World Records are struggling over whether to list Canadian sprinter Ben Johnson as the world-record holder for his 9.79second. 100-metre run at the Olympic Games in Seoul. South Korea. Johnson, 26. was stripped of the gold
        AP  -  171 words
      • Article
        Lock icon Lewis hails Johnson as a great competitor
        492 14 AP AMERICAN SPRINTER Carl Lewis yesterday hailed his archrival Ben Johnson of Canada as a "great competitor" but that Johnson's future is out of his hands. Lewis made the remarks at a news conference when he was asked if he will have a
        AP  -  492 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      133 7 As soon as you enter The Hour Glass CONNOISSEURS F O R COLLECTORS selves as connoisseurs. And our customers Timeless value from Rolex... and The Hour Glass. to examine our Rolex It manifests itself as fellow collectors. collection, you ex- \in the time we take to And we want you
      133 words
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      Page 8 Advertisements Column 1
      238 8 COURVOISIERXO -HI llzlt ID INII itvin A tally laflig 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 ones, we have specially set aside a Children's Food
      238 words
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      Page 8 Advertisements Column 2
      157 8 Ernest Greg 1 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 bass.
      157 words
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      Page 8 Advertisements Column 3
      120 8 REG VARNEY Oc»ob«>f 11*12 eonoQ ~*r?*PCKi 9>r -M L* T fS H TETTCCO PTE UD W\ZZ THE HOT FAVOURITE IS BACK! Our hot favourite. Nasi Lemak Special, is back by popular demand! For only you can enjoy hearty portions of fragrant coconut rice with delicious ikan buis, golden fried chicken,
      120 words
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      Page 8 Advertisements Column 4
      264 8 Sunday Family Affair SET LUNCH 4 PERSONS AT Uo.oo+ Tom Yam Soup Spicy Seafood Combination Chicken on Hot Plate Theatre Noodles Thai Water Chestnut -4 PERSONS AT *90.00+ Braised Shark's Fin with Shredded Chicken Spicy Seafood Combination Chicken in Lemon Sauce Young Kai Lan Hongkong Noodles Chilled Sago with Honeydew
      264 words
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      Page 8 Advertisements Column 5
      216 8 buffet in town! If you're a lover of sizzling and spicy Sichuan food, then you 11 take delight in the lavish Sichuan spread we've prepared for you at the Pin* Court. Here you can sample all your favourite Sichuan delicacies. There's Shark s Fin Soup with Chicken Sauce, Fried Sliced
      216 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1648 10 Travolta, intelligent machines and wonder drug Movies In the concluding part of Qeorgs Washington H: The Forging ot a Nation, all eyes are on America waiting for the upstart nation to collapae while ambitious politicians within the administration begin jockeying for power. (Today. 10.30 pm. Channel 5) Some nuns find
      1,648 words
    • Miscellaneous
      Page 10 Miscellaneous Column 2
      1004 10 SATURDAY GiBBC 88.9 mHz in VHF Band H 6AM World News 6.09 The World Today. 6.30 Financial News. 6.40 Reflections. 6.45 Sports Roundup. 7.00 World News. 7.09 Commentary. 7.15 From the Weeklies 7.30 Multitrack 3. 8.00 World News. 8.09 News about Britain. 8.15 Radio Newsreel. 8.30 Personal View 8.45 Recording
      1,004 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      747 12 tmshkhdqb mumms [T~H*2TB3iB7 CRYPTIC PUZZLE ACROSS 9 Trouble a child gets Into if ha comaa homa filthy? (3, 5) 10 A number aald likewise (3) 11 Show nothing has baan added to tha maat (6) 12 Right through for a start (6) 13 Withdrawa tha dry aaad scattarad about (7)
      747 words
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      336 13 BT welcomes investment ideas and viewpoints from readers. Address correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923. □I SIM LIM INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 24th Annual General Meeting of
      336 words
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  • COMPANIES & STOCK MARKETS
    • Article
      Lock icon BP case raises questions on UK's free-market policy
      816 15 Mm ssjfDsa™ By HOCK LOCK SIEW THE BRITISH government's demand that Kuwait halve its stake in British Petroleum Co PLC has raised doubts about its free-market policy. This could in turn discourage investment in the already depressed, postcrash London stockmarket. The government,
      By HOCK LOCK SIEW  -  816 words
    • Article, Illustration
      Witness: Why Sealion was asked to apply for relisting in advance
      451 15  -  Imiricr Trading Trial ALLAN NG FORMER SES listings manager Mrs Shirley Chong yesterday explained why she had asked Sealion Hotels to make an application to the SES for a relisting of its shares two months in advance. She told
      451 words
    • Article
      LATEST
      47 15 FIRST ALLIED Corporation Bhd: Group net loss of M56.79m (M53.36m) on turnover of Ms6.7lm (M57.49m) for the year ended March 31. 1968. Loss per share is 8.9 cents (4.4 cents). There was an extraordinary loss of Msl6m (nil) which swelled group attributable loss to M522.79m (M53.36m).
      47 words
    • Article, Illustration
      Inno-Pacific eyes building and stake in broking firm
      551 15  -  Rights and loan stock issues planned By MAGDALENE NG INNO-PACIFIC HOLDINGS Ltd is launching a spate of acquisitions that is expected to cost the group at least $54 million. The group is planning to finance these acquisitions through a rights issue-cum-toan stock
      551 words
    • Article
      Lock icon MUI puts off proposed plan to float bank on KLSE
      574 15 Bernama MALAYAN UNITED Industrie# Bhd (MUI), describing 1967 as a "nightmare year" for its banking operations, has put "on hold" a proposed plan to float MUI Bank. MUl's executive director Mr Khet Kok Yin said the idea of listing MUI
      Bernama  -  574 words
    • Article, Illustration
      Lock icon Faber's last-ditch attempt at turnaround
      925 15 MBT EMBATTLED HOTEL and property group Faber Merlin is banking on its latest proposed financial restructuring to give it a new lease of life. Crippled by heavy interest charges. Faber's problems in recent years have been compounded by the property slump and its overseas hotel
      MBT  -  925 words
    • Article
      Lock icon Trading in Nasdaq stocks in Singapore disappointing
      429 15 Reuter TRADING in Nasdaq stocks linked to the Stock Exchange of Singapore Dealing and Automated Quotation System (Saedaq) is rather bad in Singapore. "There are days when trading volume drops to nil and at moat only two to three stocks are traded out
      Reuter  -  429 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        APPROVED ISSUES
        78 16 Company RIGHTS ISSUE baton On*-for-two $5.10 per star* Ex-dot*: Oct 7 Boob close: Oct 19 N O I Non-renounceobte ond non-transferable preferential offer of 1 Irredeemable Convertible Cumutattv* Preference Shore (ICCPSI for every 10 ordinary stare* held at (5 per ICCPS Ex-date-. Oct 14 Boob dose: Oct 26
        78 words
      • Article
        PROPOSED ISSUES
        258 16 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the ratio of $3 loon stock for every five ordinary shores held. 0 C Bonk One-for-two $0 75 per shore Duta Cons One-for-one $1.10 per shore F A C B One-for-one $0.60 per shore General Corp Issue
        258 words
      • Article
        COMPANY MEETINGS
        137 16 Sftl HARTAMAS CORPORATION Berhad: 18th AGM at Cempaka Room, Mezzanine Floor, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur on f|onday, Oct 10. at 9am. NEPTUNE ORIENT LINES UmMed: EGM at 456 Alexandra Road, NOL Building rOO. Singapore 0511 on 12 at 11am. TIC GREAT EASTERN LIFE Assurance
        137 words
      • Article
        Unit trusts
        311 16 Managers' prices V Oct 8 10 Singapore Unit Trust tha CoMMrc* 094 1.00 the Savings Fund 083 0.89 j'po f frog Fund 037 0.41* Vpor* Sac Fund 062 047 i'por* tnvast Fund 0.66 0.71 Equity Fund 0 47 0 51 Asia Unit Trust Mot Invvd Fund 1 36
        311 words
      • Article, Illustration
        Market edges higher on technical rebound
        712 16  -  by Galen Chay SHARE PRICES in Singapore closed higher for the second consecutive day as the market continued its technical rebound and regained confidence following news that rent control laws would be repealed. The improved market sentiment, aided by the slight overnight gain on
        712 words
      • Article
        SES SHARE INFORMATION
        5316 16 Gr's Qr*s 1968 Tel Lest Dhr Mv Y*ld Net Vol Day 1 .eat Om o*e High Low Cod* Company Sale or- C*VT P/E roo#) High Low B uyer 84 ►iter SECTION ONE INDUSTRIAL ft COMMERCIAL 141 95 t e 1000 Acma 109 unch 10N 2.4 0.9 45.4
        5,316 words
    • SES/KLSE
      • Article, Illustration
        Lock icon KL stocks advance further on bargain-hunting
        3030 17 MBT Reuter SHARE PRICES on the Kuala Lumpur stock market remained on the uptrend yesterday as bargain-hunt-ers continued to nibble at stocks. Double-digit gains were recorded across the board in generally lackluatre trading. Dealers said the rise was probably a technical rebound as the
        MBT; Reuter  -  3,030 words
      • Article
        Lock icon TDM plans A&W outlets throughout Malaysia
        254 17 Bernama PLANTATION-BASED TDM Bhd, whose scquisition of the entire share capital of A and W Malaysia Sdn Bhd is now almost complete, plsns to expand the fast food chsin nationwide, cheirman Datuk Abdul Aziz bin Ibrahim said. A study will first be done on
        Bernama  -  254 words
      • Article
        DIVIDENDS ANNOUNCED
        958 17 Cot rota Is iMfc M ToM tar Total tar NP MM do* dooo ooyot ita »o poor tail poor AstoNc Dov 2%® Oct 12 Oct 26 Nov 21 2% 5% Austrol Amol '5% Oct 7 Oct 21 Nov 8 25% 15% Ayor Hfcam Rub I7*%W Oct II Oct
        958 words
      • Article
        BONDS, LOANS & WARRANTS
        601 17 BONDS, LOANS WARRANTS Company rwwiwi Convertftoft pirtod Mml I i I payable than dele Chuan Hup Wrt» 1991 Anytime on or aHor Mor 1987 1.6 warrants plus $1 60 cash. until Doc 31. 1991. Ory Dev Bonds 1994 5* Feb 1 I Aug 1 4.75 worronts plus $4 75 cash
        601 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Bond takes steps to de-list HK arm
        322 18 Company listed only two years ago Financial times ALAN BOND is trying to remove Bond Corporation International (BCI), the Hongkong-listed subsidiary ot his Australian corporate empire. from public hands less than two years after the company arrived with much fanfare on the territory's
        Financial times  -  322 words
      • Article
        Lock icon Bond Corp defers merger plans with Bell companies
        392 18 Reuter BOND CORP Holdings Ltd has said its plans to merge with the Bell family of companies have been deferred pending further asset sales. Bond managing director Peter Beckwith said in a statement on Thursday he expected to announce shortly further asset
        Reuter  -  392 words
      • Article
        Lock icon Japan sets up group to study trust industry
        255 18 FT JAPAN'S Ministry of Finance has set up a study group on the Japanese investment trust industry, which will consider whether foreign securities houses should be allowed into the market. At present, the US$375 billion industry is controlled by 13 local companies,
        FT  -  255 words
      • Article
        Lock icon Ariadne to restructure after posting heavy loss
        468 18 FT ARIADNE Australia, the entrepreneurial investment group badly hurt by last October's stock market crash, on Thursday reported the worst corporate loss in the country's history and promised further tough rationalisation. Figures for the year to June showed a net loss of As64o
        FT  -  468 words
      • Article, Illustration
        Lock icon Stocks close higher
        390 18 Tokyo Reuter TOKYO SHARE prices ended the day higher yesterday on a last minute buying surge after staying on the minus side through most of the day, brokers said. "The late rally is due to technical reasons and not any particular positive sentiment. There was some concern
        Reuter  -  390 words
      • Article, Illustration
        Lock icon Prices finish higher
        560 18 Australia Reuter THE Australian share market closed higher yesterday as firmer gold bullion prices sparked enthusiasm for leading gold and resource stocks. One broker said the market did well to hold onto its early gains, as selling had been expected to appear in late trading. He said
        Reuter  -  560 words
      • Article, Illustration
        Heaviest turnover in a month
        1408 18 Hongkong SHARE PRICES in Hongkong closed higher yesterday amid the heaviest turnover in more than a month. The Hang Seng Index rose 51.83 points, or two per cent, to 2,478.87 and the Hong Kong Index 36.13 to 1.632.32. Turnover surged to a high of HK5667.6
        1,408 words
      • Article
        Lock icon Seoul: Stocks decline
        240 18 Reuter SHARE prices on the Seoul exchange were lower at the cloee yesterday after a day of lacklustre trading, brokers said. The Composite Index fell 2.84 points to 674.45 on turnover of 101.1 billion won against 105.5 billion on Thursday. Investors paid little attention to the government
        Reuter  -  240 words
      • Article
        Lock icon Bangkok: Shares move up
        172 18 Reuter THE SECURITIES Exchange of Thailand Index rose 1.40 points to 445.07 yesterday on a turnover of 6,664,037 shares worth 383.25 million baht. OCT 67 BAMT Ao Kham Thai 424 4 Ayudhya Invaatmant 434 398 Bangkok Aground Darwiknk Dank 107 297 1 Barf Ot Ayudhya 360
        Reuter  -  172 words
      • Article
        Lock icon Manila: Shares close firmer
        97 18 Reuter SHARE prices on the Manila exchange closed mostly firmer yesterday in active trading that reflected renewed interest in oil and mining issues, i Manila's composite index rose 4.67 points to 697.01 points. "Since interest is coming back, money is coming back." said Joseph Roxas, an
        Reuter  -  97 words
      • Article
        Lock icon Taipei: Decline continues
        382 18 Reuter TAIWAN share prices continued to fall for the eighth consecutive trading day yesterday as sentiment toward the market remained bearish, brokers said. The weighted index shed 171.39 points, or 2.31 per cent, to end at 7,252.29 from Thursday's 7,423.68 close. Turnover fell to NT$l5O million from
        Reuter  -  382 words
      • Article
        Lock icon Bombay: Prices end mixed
        151 18 Reuter SHARE prices in Bombay yesterday closed mixed after the market opened sharply higher on fresh buying by state-owned financial institutions. Brokers said investor support boosted the market but faltered towards the close as speculators sought to take quick profits before the weekend. "The market undertone
        Reuter  -  151 words
      • Article
        Lock icon New Zealand: Weaker finish
        152 18 Reuter SHARE prices in New Zealand yesterday weakened despite promising volumes. Brokers said the outlook for next week is unclear. The Barclays Index eased 6.66 points to 1,966.70. Brokers said an 11 cent fall in Carter Holt Harvey was a major element in the decline. Chileans'
        Reuter  -  152 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Prices edge up in quiet trade
        800 19 New York Reuter BLUE chips closed slightly higher on Thursday and held above a resistance level at 2100 after meandering through a quiet session. The narrowness of Thursday's trading range suggested that investors were unwilling to move decisively in either direction, analysts said. With
        Reuter  -  800 words
      • Article, Illustration
        Lock icon Equities open lower in thin trade
        808 19 London Reuter SHARE PRICES on the London market opened a few pence lower in quiet trading yesterday with around half the FTSE 100-Share Index constituent stocks unchanged. Dealers were not surprised to see an easier trend to the market after gains over the past
        Reuter  -  808 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1719 19 Reuter AMSTERDAM: Outch shares opened mixed in dull trade yesterday as most players remained sidelined awaiting the release of the US September unemployment data due yesterday afternoon, dealers said. The dollar traded higher at 2.1026/30, from an opening of 2.1017/22 and a Thursday close of 2.1015/20. Bio
        Reuter  -  1,719 words
      • Article
        Lock icon British Steel sale likely to draw professionals
        655 19 Small investor demand expected to be low Reuter ANALYSTS predict informed and experienced investors will take up the bulk of shares in British Steel PLC when the British government goes ahead with the estimated £2.5 billion privatisation next month. They say the ordinary
        Reuter  -  655 words
      • Article
        Lock icon Foreign buyers show keen interest
        329 19 FT INVESTORS FROM Japan, the US. Canada and continental Europe have shown strong interest in buying stakes in British Steel which is to be floated for an expected £2.5 billion in the second half of next month, according to Samuel Montagu, the UK merchant bank.
        FT  -  329 words
      • Article
        Lock icon P&O plans growth through acquisitions
        385 19 Reuter BRITISH-BASED construction and transport conglomerate Peninsular and Oriental Steam Navigation Co plans to accelerate growth in continental Europe through acquisitions, chairman Sir Jeffrey Sterling said. "If a major opportunity came up we'd be in tomorrow morning.'' Mr Sterling said after a news conference to
        Reuter  -  385 words
      • Article, Illustration
        Lock icon Strauss's death may spark power struggle in Airbus
        356 19 Reuter THE DEATH of Franz Josef Strauss is likely to accelerate wide-ranging reforms in Airbus Industrie, streamlining management and shaking up the system of four-na-tion work sharing, analysts in Paris and London said. Leaving a gap at the head of Europe's airline
        Reuter  -  356 words
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  • Page 15 Miscellaneous
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      Page 18 Advertisements Column 1
      325 18 y*it^ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHYUAN CHERNG PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Members of the above-named Company duly convened and held at Block 165 Bukit Merah Central, #06-3679/81, Singapore 0315 on Wednesday. October
      325 words
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      Page 18 Advertisements Column 2
      158 18 BUDDY INTERTRADE GARMENTS PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act. Cap 50 that the Pinal Meeting of the members of the abovenamed company will be held at 77 High Street. #03-13 High Street Plaza. Singapore 0617, on
      158 words
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      Page 18 Advertisements Column 3
      3 18 TECHNOLOGY EVERY FRIDAY
      3 words
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      Page 19 Advertisements Column 1
      304 19 NOTICE IN THE MATTER OF THE COMPANIES ACT. CAP. 90 AND IN THE MATTER OF COPIAPO ENTERPRISES PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the members of Coplapo Enterprises Pte Ltd convened and held at 10 Anson Road, #33-15 International Plaza, Singapore 0207 on October
      304 words
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  • Article
    Lock icon US businessmen rule out severe rise in inflation
    556 20 AP TOP AMERICAN business leaders offered an optimistic view of economic prospects yesterday, predicting growth would slow enough next year to avoid a severe acceleration of inflation. The Business Council, composed of 62 chief executives of America s largest corporations, predicted that
    AP  -  556 words
  • Article
    Lock icon Inflation forecasts revised following plunge in oil prices
    533 20 Reuter A SHARP DROP in crude oil prices has encouraged US economists to take a second look at their inflation forecasts. "It's going to have a dampening impact on inflation. There's no doubt about it," said Stacy Kottman, research coordinator at the
    Reuter  -  533 words
  • Article
    Lock icon Jakarta able to cope with oil price drop
    695 20 Another big devaluation unlikely, say economists Reuter INDONESIA, Asia's biggest oil exporter, looks better prepared to ride out the latest plunge in oil prices than in 1986 when it had to resort to a major devaluation of its currency. But foreign economists,
    Reuter  -  695 words
  • Article
    Lock icon Indonesia cuts subsidies on fertiliser and pesticides
    359 20 UPI THE INDONESIAN government slashed subsidies on fertiliser and pesticides on Thursday as part of an overhaul of agricultural policies that analysts said would benefit US farmers by raising imports of soyabean and other commodities. They said the new moves signify less urgency
    UPI  -  359 words
  • Article, Illustration
    Lock icon Japan may lower interest rates on loans to Malaysia
    196 20 AFP PRIME MINISTER Noboru Takeshi ta said yesterday Japan was considering lowering the interest rate on its official loans to Malaysia to help ease the impact of the ringgit's falling value. The Japanese premier told his Malaysian counterpart Datuk Seri Dr
    AFP  -  196 words
  • Article
    Lock icon China may start sacking officials to spur reforms
    358 20 Reuter CHINA'S Communist Party may have to start sacking disobedient personnel to restore public confidence in economic reforms and cool inflation, Chinese officials said. They said the party had tried to carry out the reforms by issuing policy edicts and using economic
    Reuter  -  358 words
  • Article
    Lock icon 'US companies preparing for EC protectionism'
    113 20 Reuter MAJOR American companies are building plants in Western Europe as a hedge against European plans to eliminate internal trade barriers. US Deputy Secretary of State John Whitehead, quoted in the Washington Post, said the US "would not stand idly by" if the European
    Reuter  -  113 words
  • Article
    Lock icon 'Sino-Soviet summit possible by first half next year'
    295 20 AFP A LONG-AWAITED Sino-Soviet summit is possible in the first half of next year, after exchange visits by Chinese and Soviet foreign ministers, according to Soviet Deputy Foreign Minister Igor Rogachev. Mr Rogachev also announced at a news conference in Moscow on
    AFP  -  295 words
  • Article
    Lock icon Comex gold and silver
    104 20 Reuter COMEX GOLD futures edged up slightly yesterday on mixed buying following the US dollar s fall on the release of jobs data. The continued rally in crude oil was also supportive for gold. The December delivery was up US$O.lO at U*****.10 an ounce. Silver futures
    Reuter  -  104 words
  • LATE FILE
    • Article
      Lock icon Golkar congress from Oct 20
      46 20 AFP INDONESIA'S ruling Golkar Party is to hold a major congress for five days from Oct 20 to elect a new chairman. Observers said that the successful candidate could succeed Mr Suharto as president when his term ends in 1993 AFP
      AFP  -  46 words
    • Article
      Lock icon Razaleigh ready for talks
      58 20 Bernama MALAYSIAN member of Parliament Tengku Razaleigh Hamzah has said that he and Datuk Musa Hitam are prepared to discuss with Prime Minister Datuk Seri Dr Mahathir Mohamad and Mr Ghafar Baba matters pertaining to Malay unity. Leaders from other Malay organisations, too, should be invited
      Bernama  -  58 words
    • Article
      Lock icon Jakarta meeting on Cambodia
      51 20 Bernama SENIOR officials from Southeast Asian countries will meet in Jakarta for three days from Oct 17 to form a working group of the Jakarta Informal Meeting that will discuss aspects of a political solution to the Cambodian problem, Foreign Ministry sources in Jakarta said yesterday.
      Bernama  -  51 words
    • Article
      Lock icon HK exports, imports up 24 pc
      58 20 Bernama Xinhua THE volume of both Hongkong's total exports and imports rose by 24 per cent in the first seven months of this year. The Census and Statistics Department said that the volume of domestic exports had grown by eight per cent, while that
      Bernama Xinhua  -  58 words
    • Article
      Lock icon 'Philippine firms doing well'
      61 20 AFP PHILIPPINE firms have performed well so far this year and hope to do better in the remainder of the year, the Philippine Chamber of Commerce and Industry and the Makati Business Club said in surveys released yesterday. The two surveys also gave the government good
      AFP  -  61 words
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      96 20 Fall for St Michael's naturally smart rosebud design jumper for ladies. In an easy-care blend of acrylic/wool/ nylon, the knitwear comes in classic navy with pretty accents in red and green wonderfully warm colours to match the mood of Autumn. Add a colour co-ordinated paisley design polyester scarf for a
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