The Business Times, 26 November 1988

Microfilm: NL16275
Total Pages: 20
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, November 26-27 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    261 1 AFP Dow Jones lower WALL STREET stocks fell sharply yesterday in early trading with the US long bond down more than a point from the New York close on Wednesday. Bond yields rose with the price of oil surging on progress towards an Opec quota agreement, traders
    AFP  -  261 words
  • Article, Illustration
    Share prices dip
    111 1 SHARE PRICES on the Singapore stock market closed lower yesterday for the first time in six trading sessions while other major Asian markets advanced. Brokers said prices in Singapore eased due to a lack of institutional buying interest and bouts of light profit-taking in lacklustre trade. The
    111 words
  • Article
    Computerised trading on main board expected by end-March
    489 1  -  Dealers, remisiers generally in favour of change By CORRINA LIM THE FAMILIAR open outcry system of trading where buying clerks yell their buy or sell offers is likely to be phased out by end-March next year when the Stock Exchange of Singapore
    489 words
  • Article
    Civil servants to get bonus of 2½ months
    285 1 CIVIL SERVANTS will receive a special Christmas present in the form of a two-and-a-half-month bonus for this year, the government announced yesterday. To be paid in December, the lump sum payment comprises a three-quarter-month variable bonus, a three-quarter-month, oneoff special bonus and
    285 words
  • Article, Illustration
    Robert Kuok buys stake in TVB Group for HK$2 billion
    632 1  -  By ALAN LEE SUGAR KING Robert Kuok Hock Nien has outbid several major Hongkong groups for a strategic stake in TVB Group comprising HK-TVB Ltd and its newly-listed Television Broadcasts Ltd in a deal worth HK$2 billion. The other major
    632 words
  • Article
    Lock icon Iraq accepts proposal on oil production at Vienna talks
    311 1 UPI IRAQ said yesterday it accepted a proposal for a new Opec agreement on oil production, a decision likely to bolster sagging world oil prices, and that all other ministers in the cartel have concurred. "This agreement that has been worked
    UPI  -  311 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      214 1 Nikon Ths World's Finest Photographic System. Full report, PAGE 16 BT on Saturday: 6 Investing in the arts Singapore economy 6 Excerpt from BG Lee's speech CPF contributions 2 Down by $331 million last year to $4,446.8 million PR flrma 2 Burson-Marsteller man to join O&M Computer printers 3 EC
      214 words
    • Advertisement
      Page 1 Advertisements Column 2
      111 1 %~>!-+|>{+=,&-),$.;_\;"!+<;^)>} V I L. •j N Eat your heart out, food lovers! lUatfil Teh/le rirUßll IPIYU El Cheapo fights for value Page 7 Two down, four to go Page A peek at Shanghai 89 Page Great stuff with dessert Page 9 The ailment of Age Page 9 cms Or collectibles
      111 words
Page thumbnail Page 2
  • HOME NEWS
    • Article, Illustration
      Contributions to CPF drop by $331 million
      479 2  -  Interest of $1,117 million credited to members By TAN KEE WEE TOTAL CONTRIBUTIONS to the Central Provident Fund (CPF) fell by $331 million last year to $4,446.8 million. But as members withdrew only a total of $4,297.2 million under the various schemes, there
      479 words
    • Article
      France launches TV advertising blitz as a major industrial nation
      347 2  -  By JOHN THOMAS FRANCE has launched a television advertising blitz aimed at promoting an image of France as a major industrial nation, not a mere exporter of wines, perfumes and cognac. As an adjunct, efforts are being made to promote
      347 words
    • Article, Illustration
      Le Classique opens $2.5m store
      416 2  -  By SUZANNE SOH TOURISTS from Australia, Thailand, Taiwan and South Korea will be the target of the new $2.5 million Le Classique department store at Claymore Hill, just off Scotts Road. A $400,000 advertising and marketing programme will be launched next year. The company will
      416 words
    • Article
      Business Times files defence against suit
      212 2 BUSINESS TIMES and its publisher. Times Business Publications, are denying all allegations of having defamed non-con-stituency MPs Francis Seow and Dr Lee Siew Choh and Workers' Party member Seow Khee Leng. The three opposition politicians are suing Trade and Industry Minister Lee Hsien Loong
      212 words
    • Article
      Four AT&T suppliers to get awards
      160 2 AT&T CONSUMER Products, the local subsidiary of the American telecommunications giant AT&T, has selected four of its suppliers for special awards in recognition of their quality of materials supplied, pricing and promptness of delivery. According to a press release. Nichicon (S) Re Ltd, a
      160 words
    • Article
      Postgraduate engineering students very few
      159 2 NOT ENOUGH engineering graduates are moving on to postgraduate studies, said Dr Cham Tao Soon, president of Nanyang Technological Institute (NTI). Or Cham told BT yesterday after opening a symposium on "The Management of High-Tech Projects" at Hyatt Regency that one of the reasons is
      159 words
    • Article, Illustration
      Former envoy dies
      126 2 CHI OWYANG, Singapore's ambassador to Thailand for 17 years until early this year, died yesterday in Bangkok after a brief period of illness at the age of 91, the Foreign Ministry said. Mr Chi Owyang, who continued as adviser to the embassy after his retirement, had also
      126 words
    • Article, Illustration
      Burson-Marsteller man to join O&M PR
      276 2  -  By MONICA GWEE STEVEN LYONS, executive vicepresident, Asia/Pacific, of Bur-son-Marsteller, has accepted the position of regional director, Asia, of rival firm Ogilvy Mather Public Relations. Mr Lyons will remain in Hongkong where he has been based with Burson-Marsteller. He will replace Paul Verbinnen who
      276 words
    • Article
      SHIPS IN PORT
      1206 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Boron Stor K34 olongside 26 11/2300 GoldMountoin K2I olongs.de 2711/0700 Huong long K27 alongside 27.11/1830 Jenson K23 alongside 2611/0700 Koto Abodi K32 alongside 01 12/0600 KotoAkbor K31 olongside 30.11/0600 Koto Beroni K35 alongside 2611/0600 Ksar Ettir K26 olongside
      1,206 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      43 2 CHANGE OF ADDRESS |BS G K Goh (Stockbrokers) Pte Ltd G K Goh Research Pte Ltd As from 28th November 1988 our offices will be relocated at: 50 Raffles Place #33-00 Shell Tower Singapore 0104 Ttltpktat: *****28 Fax: *****22 Tiltx: R*****4 R*****4 6KGOH
      43 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon East-West trade improves, says UN
      360 3 Reuter TRADE between the Soviet bloc and the West has picked up this year after flagging for four years, but future prospects are uncertain, United Nations economists said. Soviet exports to Western countries rose by 12 per cent in volume in the first half of
      Reuter  -  360 words
    • Article
      Lock icon Philippine senate chief says military could topple Aquino
      321 3 AFP PHILIPPINE senate president Jovito Salonga has said President Corazon Aquino may be too dependent on military support and warned that this could result in her downfall and the end of democracy. Mr Salonga. an Aquino ally regarded as a potential president,
      AFP  -  321 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      880 3 ARRIVALS Operator Sorvico Local From numbor tim« S1A SQ103 0950 KIN. CAL C1806 1000 CGK CPX CX710 1000 CGK GU GA960 1100 CGK SIA SQ105 1105 Km HA BM21 1130 IWN SU SQ201 1145 CGK GU GA940 1150 MES SU SQ191 1155 pes su SQ238 1155 MES
      880 words
    • Article, Illustration
      Lock icon Magazine predicts lower world tension
      182 3 Reuter GEORGE BUSH will be a weak president. 1992 will be a boom year and British Prime Minister Margaret Thatcher will win two more elections. The Economist magazine has predicted. "The last thing the world needs is strong leadership. Luckily that's the last thing it's
      Reuter  -  182 words
    • Article
      Lock icon Half Australia's top 10 exporters are Japanese
      249 3 FT AUSTRALIA'S deep dependence on commodities, foreign capital and Japanese trading companies was underlined with the publication of a table showing the country's top 500 exporters The listing, published on Wednesday in the weekly magazine Australian Business, was said to be the first
      FT  -  249 words
    • Article
      Lock icon EC slaps duties on cut-price computer printers
      392 3 Reuter THE EUROPEAN COMMUNITY has confirmed special import duties of up to 47 per cent on 15 Japanese electronics companies accused of dumping cut-price computer printers on the EC market. Its executive commission said in a statement on Thursday that the EC's 12
      Reuter  -  392 words
    • Article, Illustration
      Lock icon Fall in overseas sales of US arms: study
      150 3 AP OVERSEAS SALES by US arms manufacturers shrank significantly in fiscal 1987 despite a strong demand for weapons by Middle East countries. The McDonnell Douglas Corp was one of the few major defence contractors to buck the industry slump and managed to
      AP  -  150 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      58 3 I IJI If The business person's choice every I I II 111 1 Tuesday. Thursday, Saturday and I I V|X 1 II II f Sunday. Leaving Changi Airport at I X V y 22 05 hours and arriving at Lester B Pearson International Airport the following day Call your Travel
      58 words
    • Advertisement
      Page 3 Advertisements Column 2
      116 3 G o Vi v V Burberrvs < -wl*& -fc VS I 0 NOON DAIMARI' ISETAN-HAVELOCK: ORCHARD LF. CLASSIQI'E METRO GRAND WCKYPLAZA SOGO FJBENJAMIN CHANG! AIRPORT HALLErS DEPARTMENTAL STORE For Further Enquiry Pita.* Contact: SINGAPORE, MALAYSIA. INDONESIA el BRL NEI Burberry.. (Suxwporr) Pte Lt<>26B Orchard Rout #/6-* V Yen San ftuW/»y
      116 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      76 3 wam rt ii'///// ''/a 04-1 1 Clear 17/13 Showers 30/22 Clear 29/23 Cloudy 24/07 Cloudy 08/05 Cloudy 31/23 Cloudy 19/09 Clear 29/15 Cloudy -6/-9 Cloudy 23/16 Cloudy 23/16 Cloudy 13/07 Cloudy 07/04 Cloudy 18/11 Cloudy 08-03 Clear 31/22 Showers 18/14 Rain 25/07 Clear 27/24 Clear Montreol Moscow Nassau New Delhi
      76 words
    • Miscellaneous
      Page 3 Miscellaneous Column 2
      88 3 EXPERIENCES* YOUBeri HAP EXPERJENCES! 1 FEEL LIKEI LEAD FNB UVES AT i MALPEN, INSTEAD OF JUST TWO' I RECALL ONE PAY IN ENGLISH UT! THE TEACHER. IMS SKEPTICAL OF MY A3JUTY TO PO ALLTHE READING'ARE YOU UP 70 07' M£. O BY GARRY TRUDEAU I WAS... I WAS CRUSHED!BUT I
      88 words
Page thumbnail Page 4
  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1075 4 SINGAPORE: THE US dollar edged lower in the Asian morning session yesterday. reaching lows of Dmark 1.7087/ yen 120.69/ sterling 1 8420/ Ssl 9395 before short-covering ahead of the weekend pushed it up to D-mark 1.7190/ yen 121.40/ sterling 1 8344/ 551.9411. It closed at D-mark 1.7175/ yen
      1,075 words
    • Article
      Foreign Exchange
      224 4 Interbank rates at 3pm yesterday: MO OFFER ctom parity T Local dollars to sne unit of foreign currency: US dollar 1.9400 1.9410 2.8196 -31.20 Snihg pound 3.5618 3.5656 7.3469 -51.52 Australian dollar 1.6687 1.6915 3.4286 -50.75 NZ dollar 1.2716 1.2742 3.4286 -62.91 Canodian dollar 1.6302 1.6324 3.4206 -52.34
      224 words
    • Article
      Precious Metals
      314 4 HONGKONG: Gold closed firmer yesterday in late afternoon trading on some buying orders from Tokyo and Swiss investors. Bullion ended at U*****.10/423.60 an ounce slightly up from the 421.50/422.00 local opening and London's U*****.00/420.40 close On the local market, gold rose HK$32 to end at HK53,948 a tael.
      314 words
    • Article
      Lock icon Simex
      457 4 Reuter EURODOLLAR futures fell across the board on prof-it-taking and long liquidation in active trading on Simex yesterday Dealers said sentiment was hurt by a weak US dollar, fears the Federal Reserve would tighten monetary policy and uncertainty over the outcome of the Vienna Opec talks. December Eurodollar fell
      Reuter  -  457 words
    • Article
      Lock icon Paris and Bonn want G-7 talks on dollar slide
      615 4 Request for a meeting after Bush takes office UPI FRANCE and West Germany want the chief economy officials of the seven major industrialised nations to meet to discuss the steep fall of the US dollar immediately after President-elect George Bush takes
      UPI  -  615 words
    • Article
      Lock icon Rupiah at new low against US$
      102 4 Reuter THE RUPIAH reached a new low against the US dollar on Thursday, with the central bank setting a middle rate of 1,720 against 1,719, Bank Indonesia said. Foreign exchange dealers said they expected the rupiah to be allowed to depreciate further, forecasting a
      Reuter  -  102 words
    • Article
      Government securities market
      104 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ*****Z 23.02.89 3.61 3.56 3.60 3.51 6 months BY*****Z 23.03.89 3.68 3.63 3.67 3.64 1 year BY*****H 23.11.89 4.25 4.20 4.23 4.23 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
      104 words
    • Article, Illustration
      World interest rates
      186 4 Indicates the average of I the prime lending rate* of 12 major bank* in S pore Interbank market rates (offer/bid) on Nov 25 us$ DM SWFC Y«fl 7 do; ri 1/2 3/8 II 13/16 11/16 4 5/8 1/2 5 1/4 5 4 5/8 1/2 1 mlf 8
      186 words
    • Article
      Lock icon Warning against downward dollar overshoot
      254 4 Reuter THE RISK of exchange rate unrest will remain at least until a solution is found to the twin US deficits but a new downward overshoot of the dollar should be avoided, Deutsche Bank chief executive Alfred Herrhausen said. In a speech prepared for a
      Reuter  -  254 words
    • Article
      Options
      877 4 CURRENCY FUTURES OPTIONS Friday, Nov 25, 1988 DEUTSCHEMARK (SIMEX) Doc M can to Safl Doc 88 pula MM lam Sol S3 53 54 55 M 57 58 59 60 61 63 1528 738 High USA 69A Jan 88 cal Low 435 335 235 141 66 23 7 2 CAB
      877 words
    • Article
      Asian $ market
      186 4 Asian market PERIOD Asian dollar deposit rates yesterday closed firmer mainly on moderate bidding interest by Japanese operators ahead ot the weekend. US$ OFF« no 7 doyt 8 5/8 8 1/2 1 month 8 3/4 8 5/8 2 months 9 7/16 9 5/16 3 months 9 7/16 9 5/16 6
      186 words
    • Article
      Money markets
      66 4 THE OVERNIGHT rate on the Singapore money market fell 7/8 point to close at 4-3/8 per cent yesterday. One and two months fell 1/16 point while three months fell 1/8 point. S$ Interbank rates at the close yesterday: OFFW RIO Overnight 4 3/> 1/4 1 -month 4 15/16
      66 words
Page thumbnail Page 5
  • BANKING AND FINANCE
    • Article
      Lock icon Commercial banks come to the rescue of another West German company
      578 5 Reuter FOR THE SECOND time in a month a West German firm is being bailed out by commercial banks. But in the latest case, it is foreign banks who are holding out a life-line, offering to buy 70 per
      Reuter  -  578 words
    • Article
      Lock icon Greek fugitive-businessman Koskotas arrested in the US
      323 5 UPI GREEK BANKER and publisher George Koskotas, whose disappearance from Greece while facing charges of embezzlement and forgery caused a crisis in his nation's government, was arrested on Thursday after his arrival in the United States. Mr Koskotas, 34, the former president of
      UPI  -  323 words
    • Article, Illustration
      Lock icon ANZ expects strong growth next year
      327 5 Reuter THE AUSTRALIA and New Zealand Banking Group Ltd says it expects strong growth in 1989, combined with rationalisation and divestment, to raise profits and returns to shareholders. The bank earlier reported a 31.2 per cent rise in net profit to Assos 4 million
      Reuter  -  327 words
    • Article
      Morgan Grenfell gets offshore licence
      327 5  -  New operations to begin on Jan 3 By LEONG WEN WAH MERCHANT BANK Morgan Grenfell has been granted an offshore banking licence by the Monetary Authority of Singapore, the first British merchant bank to operate an offshore bank here. The new outfit, which will be
      327 words
    • Article
      Lock icon Japanese banks post record combined profits
      304 5 AP Reuter JAPAN's 13 largest commercial banks on Thursday reported record combined, unconsolidated profits in the first half of the fiscal year that ended Sep 30. The banks posted 1.21 trillion yen (US$lO billion) in operating profits, a 36.8 per cent increase over the
      AP; Reuter  -  304 words
    • Article
      Lock icon Norway's central bank chief says no to joining EMS
      175 5 Reuter NORWEGIAN central bank governor Hermod Skaanland says he opposes joining the European Monetary System (EMS) as a means of giving the crown more stability. Finance Minister Gunnar Berge said on Wednesday that Norway should consider joining the EMS. but only
      Reuter  -  175 words
    • Article
      Lock icon Arab commercial bankers agree to offer Iraq loans
      198 5 Reuter ARAB COMMERCIAL bankers decided this week to offer Iraq loans for reconstruction following the ending of its eight-year Gulf war with Iran, Adnan al-Hin-di, secretary-general of the Arab Banking Union (ABU), said. "We expect a large role in financing projects in
      Reuter  -  198 words
  • COMMODITIES
    • Article
      Produce Prices
      237 5 Chinese Produce Exchange Sellers' noon dosing prices on Nov 25 (SS/100 kg) Coconut oil Bulk FOB 113.00 Old drum FOB 123.00 New drum FOB 127.00 Copra Mixed (loose) 66 sellers Pepper Murttok white FOB NLW 730.00 Sarawak white FOB foq NIW 720.00 Sarawak special black FOB NLW 422.50
      237 words
    • Article
      London markets
      302 5 London Commodity Exchange Buyer/Seller closing prices on Nov 24, (£/h snrte unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Nov 1062/1066 (1041/1044) High/Low 1051/1042 Jan 1081/1082 (1060/1061) High/Low 1081/1060 Sales (1632) Cocoa Dec 884/885 (864/865) High/Low 890/869 Mar 901/902 (888/889) High/Low
      302 words
    • Article
      KL Tin
      178 5 THE lower level attracted scattered buying from Europe, Japan and local, helping the tin price to recover three cents to M 519.42 a kg yesterday. An Improved US dollar against the rlnggit hatted the decline over the last four days. Turnover rose to 55 tonnes from 52 on
      178 words
    • Article
      Palm Oil
      420 5 MALAYSIAN CRUDE PALM OIL FUTURES closed slightly easier yesterday in fairly active trading on the Kuala Lumpur Commodity Exchange. Reports of the improving flood situation in the plantation areas as well as fears of higher stocks at the end of the year affected sentiment Spot month, December, dropped
      420 words
    • Article
      RAS and MRELB
      289 5 RAS prices in S c*nt*/kg, FOB in bat* B NOON CLOSE Buy*r* S*ll*rs Buyers Sellers lot 1 RSS Prompt 166.50 187.50N 190.50 191 JON krt 1 RSS Dec 88 188.00 189.00N 192.00 193.00N Int 1 RSS Jon 191.00 192.00N 195.00 196.00N kit 2 RSS OP 185.50 187.50N
      289 words
    • Article
      SSR and SMR
      89 5 (cenft/kfl) DECEMBER 1988 JANUARY 1988 (current moriltt) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SS» 20 178.00 180.00N 178.00 80 OON SSR 50 176 00 178.00N 176.00 178.00N MRELB Buyers Seller* Buyers Setters SMR CV 290.50 292.50N 292.50 294.50N SMS I 284 00 286 OON
      89 words
    • Article
      Lock icon 'Good years for base metals'
      81 5 AFP FIVE MORE YEARS of healthy base metal prices are to be expected, but the outlook for precious metals is far more bearish. the London firm Metals and Minerals Research Services said yesterday. In their Metals Analy- sis Five-Year Outlook, the analysts said that base
      AFP  -  81 words
    • Article
      Rubber
      258 5 SINGAPORE: Rubber prices closed higher yesterday with December RSS One buyer quoted at 192.00 cents a kg from 187.50 cents on Thursday. Trading was fairly active. On the TSR-20 Award market, prices were also higher in the afternoon on some buying interest and in line with RSS One prices.
      258 words
    • Article
      Lock icon Crude Oil and Products
      161 5 Source: Telerate FUEL OIL prices opened higher and firmed through out the Singapore day yesterday Sellers were heard asking prices above US$7O per tonne (cif/fob Sing) for CST-180 by late afternoon The markets bullishness was in line with the bull market seen for crude. Deals for
      Source: Telerate  -  161 words
  • Page 5 Advertisements
Page thumbnail Page 6
  • PERSPECTIVE
    • Article
      Investing in the arts
      447 6 Qatutiday 26TH NOVEMBER, 1988 THE COMMITTEE on Visual Arts made an important point in its report, which was released this week. These arts painting, calligraphy, photography, films, graphics, crafts, landscape, architecture and decor are not peripheral luxuries but are integral to the attainment of a cultured
      447 words
    • Article, Illustration
      Singapore economy: Key to growth
      3082 6 'A completely new situation' that's how Trade and Industry Minister Lee Hsien Loong characterises Singapore's economy. In a key speech before the Singapore Manufacturers' Association on Thursday evening, Brigadier-General (Res) Lee dismissed worries that a new recession may be looming on the horizon but warned
      3,082 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      79 6 Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way Sf. BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc. And, of course,
      79 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 fupsPpyDrv/' nothings CX) nni? BRISTOU; IS U>CNDeg OF UJONDCgS' UQH MP\PPV DFW") FOOD. GIVIMG THCm ft OF P*PPROVRL FROrvi 1 r^ l 0^D NJ r URN OKI THE THepiNJNG Room" J v BLUE 7I9>PoOJS. shouts OF £NCOR in y .jOwft. H>cn ?'"ap Blue. /uJHPsT CULIMPsRV \f IS CRUSIMG W-t SUCH
      62 words
Page thumbnail Page 7
  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      424 7 WITH CHRISTMAS around the corner, an aunt of a colleague telephoned Marks Spencer, the British chain store here, to enquire if they had traditional English plum puddings for sale. A sales assistant said yes. The lady then asked if the store stocked them in one-pound or
      424 words
    • Article, Illustration
      The yeow kwee's dream weekend
      1196 7  -  By SANGEETA MULCHAND BRAVING CHOLESTEROL, calories and kilogrammes, seventeen foodies signed up for the first Gourmet Week-End last weekend and saw their eating dreams come true. The Pan Pacific Hotel plans to market these weekends as a Fri-day-to-Sunday package for Singaporeans as well as visitors
      1,196 words
    • Article, Illustration
      Value for money, money for value
      640 7  -  TV* With RICHARD SEAH THIS is an episode in the life of El Cheapo The character in this story received his name when GO Magazine was launched. He reacted to the $3 cover price (which, incidently, had remained unchanged for nearly a decade) by
      640 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Age: an excuse, not an explanation
        910 9  -  HEALTH By RICHARD SEAH AGE is the all time favourite excuse for feeling unwell. Blood pressure high? Easily tired? Joints painful? Having difficulty sleeping? Forgetful? Struck by diabetes or cancer? "You are growing old," many people would say. It is not just the elderly
        910 words
      • Article
        Great dessert wines to lay down
        644 9  -  By N K YONG FOR THE dessert wine fan, the 1983 vintage in Sauternes. Alsace, and Germany, has been especially exciting. In all three regions, the 1983 vintage has been the best since 1976. Sauternes produced excellent, and even some great wines, and the
        644 words
      • Article, Illustration
        A 'record' to bring back memories of Beatles era
        701 9  -  BOOK REVIEW By CHUANG PECK MING THE COMPLETE Beatles Recording Sessions reminds one of a Beatles record album that pervasive item millions of youths used to tote around in the Sixties so they would stand out in a crowd. Spotting the
        701 words
      • Article
        Lock icon A peek at Shanghai '89
        392 9 FASHION AP NEXT YEAR'S colour in China will not be red or at least not just red The China Shanghai Fashion Show, the communist country's leading high-fashion troupe, left no doubt of that recently when 12 exotic models draped in stunning silk and classic cotton
        AP  -  392 words
    • Executive Lifestyle: Entertainment & the Arts
      • Article, Illustration
        Trying a new success formula
        794 10 CARDINAL rule in the music business: if you're going to try something different, you might as well go the full seven yards. Very few artists with a tried and tested formula have managed to make a clean break and be equally successful. I say this
        794 words
      • Article
        Take your pick your sounds for the hols
        1109 10  -  JVU I -By Roger Loh THE HOLIDAY season is about to descend upon us and as in past years, an avalanche of cassettes. records and compact discs is about to hit the stores This year is no different, with one major exception
        1,109 words
      • Article, Illustration
        The winning logic
        676 10  -  Bridge By Mike Thumba LAST SATURDAY afternoon, the SCBA B' team played against the Bangladesh Bridge Community in the League series. The SCBA 'B' won with 21-9 VPS. The NUSS members and the NUS Students also had their usual weekly games. At about 7pm, after dinner, some
        676 words
      • Article, Illustration
        One burger too many and watered down deja vu
        574 11  -  MOVIES By JAIME LYE GET SET for the Big Attack. If Pepsi-Cola can do it with E.T., the combined forces of McDonald s and Coca-Cola can do the same but not necessarily better. The corporate idea behind this medium rare movie
        574 words
      • Article, Illustration
        Wooden trains and funny clocks from new gift shop
        569 11  -  GIFTS By SANGEETA MULCHAND WEAVING MILL artifacts rescued. restored and recreated. So reads a sticker on a handmade wooden train on the shelf of a quaint little shop on the fourth floor of Supreme House on Penang Road. Run by husband
        569 words
      • Article, Illustration
        Torn between laughter and the story line
        531 11  -  By JAIME LYE A FEW YEARS down the road after watching Who Framed Roger Rabbit?, the million-dollar question is going to be, "Who Remembers Roger Rabbit?" We'll certainly remember his wife Jessica that sultry animated embodiment of the perfect female form who would
        531 words
      • Article
        BILLBOARD
        731 11  -  Compiled by Sakina Dhilawala CINEMA: Who Framed Roger Rabbit starring Bob Hoskins. Showing at Orchard: 11; 1.30; 4; 6.30; 9.15. Die Hard starring Bruce Willis. Alan Rickman, Alexander Godunov and Bonnie Bedelia. Showing at Cathay: 10.30; 1.15; 4; 6.45; 9.30. Coming To Amarlca starring Eddie Murphy, Arsenio Hall, James
        731 words
      • Article, Illustration
        Dwelling on fitness and focusing on Aids
        645 12  -  SWITCHING ©M&GOIiOIIILS With SANGEETA MULCHAND FITNESS is no longer the exclusive property of the idle rich or the health freak these days. Virtually every other person walking down Orchard Road is health conscious and words like cholesterol, calorie and exercise have become acceptable
        645 words
    • Executive Lifestyle: Personal Investment
      • Article
        There's still a lot of life in marine stocks
        689 13  -  mm By LORETTA McLAUGHLAN SINGAPORE's marine stocks have been hot ever since the stock market realised that the industry was not a sunset one, merely cyclical. That was around the middle of last year when it became apparent that the shiprepair
        689 words
      • Article, Illustration
        No fuss, fast loans
        732 13  -  PERSONAL LOANS By ROSIE TAN FIRST, there was the housing loan war. then the credit card war. Now. it seems the personal loan war is building up too. Indeed, it has never been easier to get a "no-questions-asked", unsecured loan of up to $50,000. All you
        732 words
      • Article
        What stocks to buy, sell or hold
        528 13 Brokers' Choice is a round-up off recommendations from leading stockbroking firms on which stocks to buy, sell or hold. Prices against the stocks are the latest closing prices. The names of the stockbroking firms are in italics. mms GUINNESS Malaysia Bhd. (Price: $3.20)
        528 words
      • Article, Illustration
        Lock icon Support remains at 1,000
        324 13 yfTTPrX Tsang Ong Stockbrokers AS THE HISTORICAL weekly chart shows, the 200-day simple moving average has provided a relatively good indication of when to buy and when to sell stocks but only on a long-term basis. The buy and sell signals were triggered only after some
        Tsang & Ong Stockbrokers; Source: Investamatic  -  324 words
      • Article, Illustration
        No more hit-and-miss budgeting
        545 13  -  FINANCIAL PLANNING BECmnER'S/ -By ROSIE TAN LET'S FACE IT. After putting one's nose to the grindstone all day, the last thing we want to do is to bury it in something like financial planning. And on weekends, there are the kids and the obligatory visits to
        545 words
      • Article
        Highly diversified investment strategy helps ABN win
        398 13  -  THE GREAT INVESTMENT RACE By HERMAN RHUA "THE LUCK of the year of the Dragon," a beaming Mr J Slotema. Algemene Bank Nederland's general manager, told BT when listing the factors contributing to the bank's win in the recent Great Investment Race The
        398 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        He's Dawan looks like a sure thing at Ipoh race
        511 14  -  on TMCK With JEROME FANDOR HE'S DAWAN is a virtual certainty for the final leg of the Rothmans International 100 Triple Crown on Sunday at Ipoh. The sensational Americanbred has won all his races this year, including the first and
        511 words
      • Article
        Lock icon Tony Bin is favourite for Japan Cup
        298 14 AFP TONY BIN, the Italian winner of the Prix de I'Arc de Triomphe, is favourite for the Japan Cup in Tokyo tomorrow. He is the first Arc winner entered since the race was inaugurated in 1981, and trainer Luigi Camici is confident John
        AFP  -  298 words
      • Article
        Uneven day for Wong
        319 14  -  POLO by PETER ABISHEGANADEN JOHN WONG suffered mixed fortunes yesterday at the Singapore Polo Club's eighth Rolex International Polo Tournament. Playing for the Singapore Kraits, John scored a magnificent goal, taking the ball the length of the muddy and sandtrapped field to score with a hooked
        319 words
      • Article, Illustration
        S'pore forgoes hosting Davis Cup
        389 14  -  TENNIS By WALTON MORAIS SINGAPORE has been forced to forgo home ground advantage in next year's Davis Cup championship. With the date for Singapore's Davis Cup A'sia-Oceania Zone Group 11 match against the winner of Bangladesh-Iraq clashing with the two-week World Championship Tennis festival at
        389 words
      • Article
        Lock icon Van Basten voted world's best player
        273 14 SOCCER AP MARCO VAN BASTEN, whose goals led the Netherlands to last summer's European Championship title, has been voted Player of the Year by the respected London-based magazine, World Soccer. Van Basten, who plays for AC Milan in Italy, came first in a poll
        AP  -  273 words
      • Article, Illustration
        Leconte and Hlasek in quarter-finals of Belgian championship
        287 14 TOP SEEDS Henri Leconte of France and Swiss Jakob Hlasek qualified for the quarter-finals of the U*****,000 Belgian Indoor Championship in Brussels on Thursday. Leconte easily beat Belgian Eduardo Masso 6-3. 6-4 but Hlasek had to come back from behind to edge
        287 words
      • Article
        Lock icon Grady leads in Aussie Open
        353 14 GOLF UPI AUSTRALIA'S WAYNE GRADY fired a course record 65 to grab a one-shot lead in the U*****,500 Australian Open being played over Royal Sydney's 6,808 yards par 72 layout yesterday Grady leads American Mark Calcavecchia of Florida by one shot going into the third
        UPI  -  353 words
      • Article, Illustration
        Lock icon Mansell does creditably in his first top tournament
        461 14 Reuter THE AUTOGRAPH HUNTER approached Nigel Mansell as he peered down at his golf ball, lying in a rut of dried mud 30 yards off the fairway. "Not now, I'm playing golf," said Mansell. before adding ruefully: "I'll re-phrase that I'm trying
        Reuter  -  461 words
      • Article
        Lock icon Anti-doping charter approved by sports ministers
        438 14 OLYMPICS AP SPORTS MINISTERS from around the world on Thursday ratified an Olympic anti-doping charter that will enable governments to take a more active role in the battle against drug use in sports. "We're certainly hoping that all countries together can work towards eliminating
        AP  -  438 words
      • Article
        Lock icon 'Too many no-hopers in British team'
        235 14 AFP BRITAIN'S team at the Seoul Olympics, the biggest ever sent, contained too many no-hopers, claimed British Olympic Association secretary Dick Palmer on Thursday. He said in his Games report that too many of the 386 competitors had major injury problems and were picked
        AFP  -  235 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      52 7 r I\ f I! Ml, WW .1k.,. The Rrk< Otsier Perpetual Chronometers m \<eHowgMset with JiamonJs. Da\ t -Daie fir httti LiJ\ Ehtepstfyher THE HOUR CLASt Singtpore: lj*k\ ft'. Urß *1 7UULVI S<ctts #Jf- IC, Tel: Zi->7*4B• CentKfVim #Jf-21/22 Tri 7S4IW PcmmsubPliZjM-OWI, lei SS7BSO<> SmQjfmChangAit}\- I«; mm/trans*LomffEastdWtsiWmp il Lumpur faXJuur,
      52 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      888 8 Where to entertain. MING COURT HOTEL SINGAPORE DIAN XIN BUFFET J a go' Our Dian Xin buffet lunch spread will also include authentic Cantonese dishes like Braised Beef Brisket in brown sauce, Red Braised Chicken in vinegar, Fried Black Fungus with shredded meat Enjoy rich wholesome Dian Xin specially prepared
      888 words
    • Advertisement
      Page 8 Advertisements Column 2
      237 8 SfJendide! Over 60 gorgeous French dishes to feast on. The Belvedere is alive with French flavours this November Do it the French Way. Be sure to go through our delicious hors d'oeuvre selection And for hot dishes, our chefs advise hot French Onmn Soup to begin with Then go on
      237 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      143 9 "1 raise my cup and ask him to join me bringing my shadow making us three." mf NOW OPEN AT LUNCH SHFRATON TOttFRS, SCOTTS ROAD, TFL: 7J7f>BBB. m r «s Set Lunch with Dessert Buffet Enjoy a different selection of dishes everyday. For desserts, it's "eat all you want" from
      143 words
    • Advertisement
      Page 9 Advertisements Column 2
      103 9 a Treasure Hunt FOUR MORE AIR MAURITIUS KENYAN SAFARI HOLIDAYS TO BE WON! Treasure Hunters are closing in on the remaining four Ballantine's Treasure Chests hidden at secret locations all over Singapore. Find any one of these Treasure Chests full of Ballantine's Scotch Whisky and win an Air Mauritius Kenyan
      103 words
    • Advertisement
      Page 9 Advertisements Column 3
      548 9 The Great QMaMm£msTi V^E§!i ALPHONSO DE ALBUQUERQUE From now on you should slow you walk you're very Then at a slaJk WesWwdlrom that trunk so queer take thirty paces. In leafy sear the Treasure Chest will be. SIR STAMFORD RAFFLES Aground again I turned Northeast from where the road does
      548 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      157 10 The precise passage of TIME IS MEASURED IN THE STRENGTH OF SAPPHIRE AND STEEL BY DUNHILL. Everything that carries the Dunhill name has to be the best of its kind. It has to have a lasting beauty and be both useful and dependable. To this end the skills of the
      157 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      718 10 CRYPTIC PUZZLE ACROSS 8 A barber who overcharges? (7) 9 It should give way to the driver and the pedestrian (6. 3) 13 Prerogative', to be exact (5) 14 Complete issue (5) 15 Increase when Meg bumps into a member of the family (7) 16 Claim you do incline to
      718 words
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      1673 12 Zany misfits, POWs and the Quiet Man Movies IMOGEN ANNESLEY stars in Playing Beatie Bow, a back-to-the-future type movie about a modern day Australian girl who gets flung back more than a hundred years in time. She meets a "furry little girl" called Beatie Bow and the two have a
      1,673 words
    • Miscellaneous
      Page 12 Miscellaneous Column 2
      1006 12 SATURDAY BBC M.9 mHz In VMF Band II GAM Newshour. 7.00 World News. 7.09 Commentary. 7.15 From the Weeklies. 7.30 Multitrack 3 8.00 Newsdesk 8.30 Personal View 8.45 Recording of the Week. 9.00 News Summary followed by Outlook. 9.25 Financial News 9.30 Classical Record Review 9.45 Book Choice 9.50 New
      1,006 words
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
  • COMPANIES & STOCK MARKETS
    • Article
      Parkway's Lee Hing buys into HK's Tek Lee Finance
      407 15  -  By JOCELYN TOH PARKWAY HOLDINGS Ltd is building up more muscle for its push into the finance and securities investment business in Hongkong. Parkway's subsidiary Lee Hing Development Ltd has through its wholly-owned subsidiary Lee Hing Investment Company Ltd (LHIC) acquired
      407 words
    • Article
      Hour Glass makes $2.6m, plans outlet in Gold Coast
      334 15  -  hi By ANDREA BORCH THE HOUR GLASS, the upscale watch retailer that was listed on the Sesdaq in September, had turned in solid results for the six months ended Sep 30, 1988 The group's profit after tax climbed to $2.6 million,
      334 words
    • Article, Illustration
      SPH after-tax profit down 2.5pc
      574 15  -  By ELAINE KOH HEMMED IN by higher newsprint costs, a stiffer tax bill and the effects of the October 1987 crash. Singapore Press Holdings reported a marginally lower af-ter-tax profit for the 1987-88 period. Operating profit after minority interests was $88.93 million, down 2.5 per
      574 words
    • Article
      Polytek Wearnes secures $11m deals in Taipei
      236 15 POLYTEK WEARNES Holdings Ltd has secured one of its largest group of contracts worth $11 million from a hotel in Taipei. The company, which will make its Sesdaq debut on Monday, will supply and install laundry, kitchen, boiler and water filtration equipment for
      236 words
    • Article
      Bt Sembawang reaps lower interim profit
      265 15 PROPERTY DEVELOPER Bukit Sembawang Estates Ltd has reported a sharply lower interim profit for the current financial year mainly because it has not been able to book in profits from the sale of houses. But the situation is expected to improve significantly at the
      265 words
    • Article, Illustration
      Lock icon Asian bourse officials in bullish mood
      399 15 AFP TOP OFFICIALS of Asia's major stock exchanges say they are bullish about the future of their markets and national economies, but emphasise that much depends on US policy. The officials, who gave a joint news conference while attending the 25th anniversary celebration of
      AFP  -  399 words
    • COMPANY BRIEFS
      • Article
        Aokam to acquire 20pc of Melewar Clarkson
        60 15 AOKAM TIN Bhd (ATB) has entered into an agreement with Melewar Corporation Bhd to acquire 100,000 shares in Melewar Clarkson Insurance Brokers Sdn Bhd, representing 20 per cent of its equity, for M 5175.000 cash Aokam said the acquisition represented a step forward
        60 words
      • Article
        ASM buys 86pc of Silverstone Tire
        83 15 AMALGAMATED STEEL Mills Bhd (ASM) has subscribed for 17.2 million shares (86 per cent) in Silverstone Tire and Rubber Co Sdn Bhd for Ms2o million. ASM said with the acquisition, the issued and paid-up capital of Silverstone would be raised to not less than
        83 words
      • Article
        Landmarks says no caveat by IGB
        25 15 LANDMARKS Holdings has denied press reports that IGB Corp has lodged a caveat against the Regent of Kuala Lumpur.
        25 words
    • SES
      • Article, Illustration
        Share prices fall on one of 1988's lowest turnovers
        1173 16  -  by Kevin Gwee LACK OF institutional buying support coupled with bouts of i light profit-taking sent share i prices lower on the Singapore 1 stock market for the first time in j six sessions yesterday. i Brokers said institutions chose to
        1,173 words
      • Article
        APPROVED ISSUES
        44 16 Company RIGHTS ISSUE Spore land One 2% unsecured loon stock with detachable worronts for every ordinory sho'e Md toch J2 noennol value loon stock will b« olio led one worront. convertible onytime within hve years Ex-dote Nov 28 Books close Dec S
        44 words
      • Article
        PROPOSED ISSUES
        298 16 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the ratio of $3 loon Stock for every five ordinary shares held 0 C Bank One for two @$0 75 per share Duta Cons One-for-one $1.10 per shore F A C B One-for one $060 pe' shore
        298 words
      • Article
        COMPANY MEETINGS
        119 16 KEMAYAN OIL PALM toted: 23rd AGM at 5E Foh Chong Building, Jalan Ibrahim, ***** Johor Bahru, today at noon. MYCOM BERHAD: 21st AGM at Mawar Room, Mezzanine Floor, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur on Monday Nov 28 at 10.00 am. ARAB-MALAYSIAN DEVELOPMENT Berhad: 22 AGM
        119 words
    • Article
      SES SHARE INFORMATION
      5549 16 Gr's Qr's M Cap 1966 11 Last Dhr Dhr rid Nat Vol Day Laat )uo!e High Low Cod* Company Sale OC- C'vr P/E (•000) High Low Buyer Seller (mil NOV 25 SECTION ONE INDUSTRIAL ft COMMERCIAL 141 95 X e 1000 Acma 106 -2 1 ON 24
      5,549 words
    • KLSE
      • Article, Illustration
        Lock icon Profit-taking pares KL gains
        3432 17 NST AFTER TWO DAYS of firm trading, profit-taking surfaced and although selective buying was also registered, share prices closed mixed to easier on the Kuala Lumpur stock market yesterday Trading however slackened considerably as dabblers exercised restraint in the absence of fresh leads. A broker said
        NST  -  3,432 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Consortia bid for Air New Zealand
        470 18 Qantas, British Airways in the running AFP. CONSORTIA involving Australia's Qantas Airways Ltd and British Airways pic (BA) are making rival bids for up to 100 per cent of Air New Zealand. Qantas consortium includes Brierley Investments Ltd (BIL), New Zealand's fourth largest company
        AFP.  -  470 words
      • Article
        Lock icon Airlines scrambling for share of crowded Japanese market
        724 18 Reuter RISING wanderlust among the Japanese has sent airlines scrambling for a share of the world's most profitable, and probably most crowded, air travel market. "The Pacific is the fastest growing market in the world and Japan is the fastest growing market
        Reuter  -  724 words
      • Article
        Lock icon Former GM of Far East Bank charged in HK court
        157 18 AP A FORMER general manager of the Far East Bank was charged in Hongkong yesterday with falsifying accounts, two weeks after its chairman was accused of conspiracy. Thomas Chu, 38, was accused of falsifying a 1985 document which purportedly showed
        AP  -  157 words
      • Article
        Lock icon Soviets offer car deal to Japanese companies
        423 18 Reuter SOVIET INDUSTRY officials have asked Japanese corporations to join in what would be the biggest business venture between the two neighbours since World War 11. A Soviet trade official in Tokyo confirmed on Thursday that establishment of a joint car-making venture on
        Reuter  -  423 words
      • Article, Illustration
        Lock icon Stocks close higher
        582 18 Tokyo Reuter SHARE prices on Tokyo stock market ended the day higher yesterday after an uneventful session. "The market was saved today by a strong rally in consumer electricals Otherwise. I think the index would be depressed," said one broker. "It's a boring day." he said. The
        Reuter  -  582 words
      • Article, Illustration
        Stocks close higher
        535 18 Australia A higher-than-expected profit for the ANZ Banking group and firm interest in miners amid strong base metals prices saw Australian shares close higher yesterday. One broker said turnover was boosted by the expiry of options in leading stocks. He said the slight market recovery of the
        535 words
      • Article, Illustration
        Lock icon Profit-taking trims early gains
        1399 18 Hongkong Reuter STEADY profit-taking on the Hongkong stock market throughout yesterday brought the market off its early morning highs but share analysts said technical indicators remain good. "The profit-taking was well-absorbed and the market looks like it's going through a period of consolidation and could rise
        Reuter  -  1,399 words
      • Article
        Lock icon Taipei: Stocks plunge
        496 18 Reuter A HEAVY sell-off on the Taipei stock market, sparked by higher oil prices in Tokyo, pushed the weighted index to a record one-day low of 288.09 points yesterday. This pushed the index to close 4.03 per cent lower to 6,856.87 against Thursday's 7,144.96 finish. The previous
        Reuter  -  496 words
      • Article
        New Zealand: Prices lower
        138 18 SHARE prices on Wellington stock market drifted lower in dull trading yesterday with the Barclays Index easing 6.38 to 1,896 89 "I think people are waiting, looking for down days to buy on," one broker said "There was lots of twiddling of thumbs,'' another said. Brokers
        138 words
      • Article
        Lock icon Seoul: Sixth straight high
        110 18 Reuter SEOUL share prices posted a new high for the sixth straight session yesterday. with the Composite Index breaking the 810 mark. Shortly before the close, the Composite Index firmed 9.2 points to 815.06 Turnover was a heavy 404.8 billion won compared with 425.3 billion on
        Reuter  -  110 words
      • Article
        Lock icon Bangkok: Shares tumble
        160 18 Reuter THE SECURITIES Exchange of Thailand Index dropped 4.96 points to 402.65 level yesterday on a turnover of 5,560,877 shares worth 306.35 million baht. Reuter nov is a Ao Kham Thai Ayudhya Invaatmant Bangkok Aground Bangkok Bank Bank 0» Ayudhya Charoong Thai Wira Cable AHT 322 3M
        Reuter  -  160 words
      • Article
        Lock icon Manila: Shares close mixed
        97 18 Reuter SHARES on the Manila exchange closed mixed yesterday in upbeat trade traced to continued optimism over strong copper prices, dealers said. "The market was bullish except for some profit-taking. This mood will continue as long as copper (prices) remain high." said Jesus Cinco, assistant vice-president
        Reuter  -  97 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Equities drift lower in early trade
        871 19 London Reuter SHARES on the London market showed no clear trend in early dealings yesterday, with investors unwilling to push prices significantly in either direction ahead of UK October balance of payments figures due at 1130 GMT. dealers said. By 1011 GMT the FTSE
        Reuter  -  871 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        2089 19 Reuter AMSTERDAM: Dutch share prices opened quietly steady yesterday on the back of continued private investor demand in a thin market which saw shipping firm Nedlloyd continue its run up of recent days. Operators lacked a lead from Wall Street, closed on Thursday for Thanksgiving, but sentiment
        Reuter  -  2,089 words
      • Article
        Lock icon Electrolux profit steady despite weaker US demand
        562 19 Reuters AB ELECTROLUX said profits of its Key household appliances division were steady despite weaker demand in the US. "Demand in the US within several of our product areas has fallen, which means the expected profits have not been achieved," the company said
        Reuters  -  562 words
      • Article
        Lock icon B&C wins £100m damages claim
        358 19 FT BRITISH COMMONWEALTH Holdings, the UK-based financial services group, has won its £100 million damages claim against Quadrex Holdings, the US-based securities company which earlier this year failed to complete its agreed £280 million purchase of two moneybroking operations from B&C. B&C now expects shortly
        FT  -  358 words
      • Article
        Lock icon Nestle expects higher earnings
        420 19 FT NESTLE, the multinational foods group which has just rocked the Swiss stock market by opening its registered shares to foreign ownership, has forecast a consolidated net profit of 1.9 billion to 2.0 billion Swiss francs (US$l.3l billion to US$l.3B billion) for 1968. Net earnings last
        FT  -  420 words
      • Article
        Lock icon Financial and tobacco units boost BAT's profits
        213 19 BAT INDUSTRIES Reuters BAT Industries pic said strong performances by its financial services and tobacco operations contributed to its 13 per cent rise in pre-tax profit for the year ended Sep 30. 1988. The company said in a statement profit from financial services
        Reuters  -  213 words
    • Article, Illustration
      Christmas comes early to Orchard hotels
      497 20  -  Most hotels fully booked By SUZANNE SOH ORCHARD ROAD hotels are enjoying a virtual sell-out during Christmas and the New Year season, but hoteliers are concerned about last-minute cancellations from Japan. The Hilton International hotel is fully booked from Dec 24 until the New
      497 words
    • Article
      Lock icon Mahathir warning on deviationists
      171 20 Bernama MORE ATTENTION should be given to checking deviationist Islamic teachings in Malaysia to ensure that the problem does not reach a critical level, Datuk Seri Dr Mahathir Mohamad said yesterday. "If we do not give attention, the problem may worsen and become critical and we
      Bernama  -  171 words
    • Article
      Asean-CCI meetings to focus on trade and investments
      298 20 THE ASEAN private sector will discuss methods to realise more opportunities for business during the Manila meetings of the Asean Chambers of Commerce and Industry (Asean-CCI) next month. Of particular interest is a meeting with the Japanese under the Asean Japan Economic
      298 words
    • Article
      Lock icon 'Asean on its way to becoming common market'
      172 20 AFP ASEAN is on its way to becoming a common market after duties on many goods traded within the region were slashed, an Asean business leader said in Manila yesterday. Jose Luis Yulo, chairman of the Asean Chambers of Commerce and Industry
      AFP  -  172 words
    • Article
      Lock icon Khieu Samphan promises to attend next meeting
      112 20 UPI KHMER ROUGE leader Khieu Samphan promised in a letter to Prince Norodom Sihanouk to attend the next meeting of Cambodian leaders, but his guerilla group rejected demands to dissolve its army, the group's radio said yesterday. The Khmer Rouge radio quoted the
      UPI  -  112 words
    • Article
      Lock icon 'Serious gap in Australia's understanding of what makes Asia tick'
      209 20 UPI WITHOUT a revolution in Australia's understanding of what makes Asia tick, it will become an irrelevant semi-colony, a report to the Australian government warned yesterday The report by the Asian Studies Council proposed a detailed plan to bridge what
      UPI  -  209 words
    • Article
      SNEF confirms Lawrence Mah's resignation
      154 20 THE Singapore National Employers* Federation (SNEF) confirmed yesterday that Lawrence Mah, its executive director, has resigned. Mr Stephen Lee, the president of SNEF, told BT that Mr Mah's resignation is to take effect at the end of next month. He added that Mr Mah is
      154 words
    • Article
      Lock icon Developers show interest in M'sian real estate
      170 20 Bernama SINGAPORE real estate developers are eyeing investment opportunities in Malaysia's residential, tourism and related property markets, the president of the Housing Developers Association of Malaysia. (HDA) M K Sen, said in Kuala Lumpur yesterday. A 30-member mission organised by the Real Estate
      Bernama  -  170 words
    • Article
      Less paperwork and faster service
      444 20  -  By MARTIN SOONG IF YOU'VE filled out forms at your friendly neighbourhood Post Office Savings Bank recently, your hand probably hurts less than it used to. Over the past six months, POSB has cut down the paperwork customers have to wade through by 60 per
      444 words
    • Article
      Lock icon Opposition demands new Bofors probe
      76 20 Reuter INDIAN opposition leaders yesterday demanded a new parliamentary probe after a newspaper published documents it said showed Indians had received illegal commissions from Sweden's Bofors arms company. Bofors sold India field guns worth US$l.3 billion in its largest single arms deal after reaching an
      Reuter  -  76 words
    • LATE FILE
      • Article
        Chinese trade minister expected
        67 20 CHINESE Minister for Foreign Economic Relations and Trade Zheng Tuobin is to arrive here today on a five-day visit at the invitation of Trade and Industry Minister B-G (Res) Lee Hsien Loong. The Trade and Industry Ministry said that Mr Zheng would discuss "issues of common
        67 words
      • Article
        Lock icon Thai help for Laotian economy
        48 20 Reuter THAILAND said yesterday that it would help Laoe develop its poor economy, including building up its communications network and its export-oriented industries. This was stated in a communique issued after a two-day visit to Vientiane by Thai Prime Minister Chatichai Choonhavan. Reuter
        Reuter  -  48 words
      • Article
        Lock icon Record UK deficit
        43 20 Reuter BRITAIN'S balance of payments plunged deep into the red in October to a record current account deficit of £2.43 billion. The deficit compared with a revised £594 million shortfall in September, according to the Department of Trade and Industry.
        Reuter  -  43 words
      • Article
        Lock icon Thailand, China sign accord
        55 20 Reuter THAILAND'S armed force* commander wound up a visit to China yesterday after discussing Kampuchea and signing an agreement to buy more military supplies from China, Asian diplomats said in Beijing. General Chavalit Yongchaiyudh signed an accord for purchases of spare parts for armoured personnel carriers
        Reuter  -  55 words
      • Article
        Lock icon Compulsory army training to end
        37 20 UPI THE SOUTH KOREAN government has decided to end compulsory military training for college atudents beginning next year. The compulsory training began in 1969, under the auspices of President Park Chung-hee. UPI
        UPI  -  37 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      486 15 CURRENCY INVESTMENT WIIRK I XI'KI sMtWk TEL: 321 3333 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) ANNOUNCEMENT RESULTS FOR THE YEAR ENDED 31ST AUGUST 1988 The Directors have pleasure in announcing the unaudited reeutte of the Group tor the year ended 31 at Auguet Turnover Trading profit (toss) Share of
      486 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      25 15 mm AUavp /A/ n/e/VfW 3V/U?/<V6 oc/A/£Xr7U£s&ac/. £Xc*rr/*/z. rw/ir/Z /rA//£ /VS(V fivtwrgs /e&ux/rae aw tssr/t--7PO&OAC/.. WW by Martell J- /5Kf 'ISMS' f/g'g 4&c>c>r/z> /AA&A/r r?/£ 7W&-&M/
      25 words
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      67 18 Manila, Seoul price* and Bombay market report were not available GLOBAL CITY GLOBAL BUSINESS Give us your thoughts and win a management course in USA, Switzerland or Australia. Send your entry in not more than 1.500 words to: BT/DHL Businessman of the Yesr Working Committee do DHL Intemstionsl (Singapore) Pte
      67 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      9 19 New York was closed on Thursday for > Thanksgiving day
      9 words
    • Advertisement
      Page 19 Advertisements Column 2
      880 19 NOTICE the companies act CHAPTER 50 SECTION 290 <2)<b) NOTICE OF RESOLUTION GROUNDWATER CONSULTANTS PTE. LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of GROUNDWATER CONSULTANTS PTE LTD. held on the 17th day of November 1988. the following special resolutions were duly passed: RESOLVED: (1) That the Company
      880 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      179 20 B.S.F. CANADIAN BUSINESS OPPORTUNITY SPECIALISTS Frank S. Boyd, 8.C.L., President, now in the region. He may be contacted directly in Singapore at 338-2862, Nov 24-29 or a message can be left at the Grand Hotel, Hong Kong at 3-669-331,N0v 20-29. UNIVERSITY OF EAST ASIA SCHOOL OF GRADUATE STUDIES (The University
      179 words
    • Advertisement
      Page 20 Advertisements Column 2
      9 20 Half Australia's top 10 exporters are Japanese, PAGE 3
      9 words
    • Advertisement
      Page 20 Advertisements Column 3
      170 20 AND CONSTRUCTION Intelligent buildings. The office building of the future. How different are they from today's structures and just what are they supposed to do? Read all about them in a 28-page Business Times property and construction survey. Free. On November 30. Celebrate this festive season with St Michael's selection
      170 words