The Business Times, 3 December 1988

Microfilm: NL16404
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. December 3-4 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    266 1 AP Dow Jones lower WALL STREET stocks dropped in early trading yesterday, along with bond prices after news of a stron-ger-than-expected rise in November jobs. The Dow fell eight to 2094, after opening mildly lower. Decliners led gainers by around five to one. Reuter Footsie down LONDON
    AP  -  266 words
  • Article
    Greenback traded narrowly
    103 1 THE US DOLLAR was traded within a narrow range in Asia yesterday with traders awaiting last night's release of US employment figures. Economists in Europe had forecast that non-farm payrolls in November would show a rise of around 241,000 A heavier gain could indicate mounting inflationary pressures
    103 words
  • Article
    Lock icon Dr M invites critics to sit on council
    310 1 Bernama AFP MALAYSIAN Prime Minister Dr Mahathir Mohamad yesterday invited five of his harshest critics to join his New Umno and sit on the party's Supreme Council. But three of them said yesterday they will "wait and see" when told of the
    Bernama; AFP  -  310 words
  • Article, Illustration
    Regional markets weaker
    212 1 REGIONAL MARKETS closed lower yesterday, reflecting a jittery Wall Street which was waiting for the release of the US November employment data. Investors did not want to commit themselves ahead of the data released last night which would give a broad indication of US inflation and interest
    212 words
  • Article, Illustration
    Metro to have its biggest store at Orchard Square
    614 1  -  Property venture with Ngee Ann Kongsi to be ready by 1992 By LEE HAN SHIH and ELAINE TAN METRO HOLDINGS will set up its biggest store in the huge Orchard Square project when it is ready in 1991/92. Delayed for more
    614 words
  • Article
    Special phone service for BT readers
    405 1 BUSINESS TIMES will launch a special service on Monday, providing readers with instant phone access, via 730-5155. *o stock market information for Singapore. Malaysia and the region. Updated three times daily, tte system provides such information as the noon, closing arid overnight indices in
    405 words
  • Article
    Lock icon Hanoi 'ready for negotiation'
    95 1 UPI VIETNAM IS READY to negotiate a faster time table for the withdrawal of its troops from Cambodia. an Indian diplomat told Thai leaders yesterday in Bangkok. At the same time, a Thai military officer said intelligence information supported Vietnamese claims that it has withdrawn 32,000
    UPI  -  95 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      207 1 Nikon The World's Finest Photographic System. BT on Saturday: 6 Less sex, please, we're sane Diamonds 6 A chance to shine Customised diapers 2 Unisex is out Free trade accord 2 What are S pore's chances? Montreal talks 3 Yeutter plays down hopes Reagan administration We've done great things Oil
      207 words
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      Page 1 Advertisements Column 2
      8 1 Full report PAGE 16 Regional mkts, PAGE 18
      8 words
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      Page 1 Advertisements Column 3
      270 1 rr-1 The World's Finest Photographic System. v -i B e; «*< 1M V. r•v. f* »*r IQ S dg '>%*♦ i 3S w"' n I Among the Maharajas Page 7 Ptrnil Trivia The Spirit is willing Page 7 Gifts What to give a millionaire Page 8 The best Cantonese cuisine
      270 words
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  • HOME NEWS
    • Article, Illustration
      Pampers wises up to the ways of nature
      304 2  -  By SHOEB KADGA BABY boys do it one way and baby girls do it another. This simple biological truth has finally dawned on the makers of disposable diapers. Well, on one of them, at least Proctor and Gamble, which makes Pampers, yesterday
      304 words
    • Article
      Use Singapore as countertrade base, Turkish exporters urged
      155 2 TURKISH EXPORTERS were urged yesterday to use Singapore as its countertrade base for its worldwide trading activities. In a welcoming speech for the visiting Istanbul Chamber of Commerce, Mr Lee Ying Cheun, deputy chief executive officer of the Trade Development Board, said
      155 words
    • Article
      How exporters can take advantage of US trade bill: Weiss
      312 2 THE TRADE BILL passed by the US Congress in August offers opportunities which Singapore exporters can exploit, according to Mr Sidney Weiss, a leading American trade and commercial transactions and litigation attorney. Speaking to members of the Singapore Manufacturers' Association
      312 words
    • Article
      Seow fails to get case heard in High Court
      262 2 FORMER solicitor-general Francis Seow yesterday failed in an application to have his scheduled trial on income tax charges heard in the High Court instead of a district court. His solicitor, Mr Vinod Kumar Dudey, had argued that the proceedings against Seow
      262 words
    • Article
      Jeyaretnam calls on PM Lee to clear his criminal record
      260 2 WORKERS' PARTY secretary-general J B Jeyaretnam yesterday called on the Prime Minister to honour his word and initiate moves to clear his criminal record. Mr Jeyaretnam was referring to a speech Mr Lee Kuan Yew made at the proceedings of
      260 words
    • Article
      Stanchart signs wage agreement with SBEU
      255 2 THE STANDARD Chartered Bank yesterday signed a collective agreement with the Singapore Bank Employees Union, the first to do so among the 21 foreign banks that created a controversy recently by going to the Industrial Arbitration Court (lAC) without first negotiating with the union.
      255 words
    • Article
      Methodist Church gives qualified yes to artificial reproduction methods
      187 2 THE METHODIST CHURCH in Singapore accepts the use of artificial reproduction methods as treatment of infertility, so long as no third party is involved. The use of donor sperms or donor eggs in artificial reproduction procedures like in-vitro fertilisation "contravenes the
      187 words
    • Article
      Three more town councils to be set up
      66 2 THREE more town councils have been gazetted, bringing the total to six The three new town councils are Bedok, Bukit and Redhill. Bedok town council includes the constituencies of Bedok, Changi and Fengshan Bukit Gambok, Bukit Batok and Chua Chu Kang make
      66 words
  • Page 2 Advertisements
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  • OVERSEAS
    • Article
      Lock icon Asean projects making slow progress: Manila
      233 3 AFP PHILIPPINE Trade Secretary Jose Concepcion expressed disappointment over the slow progress of industrial joint ventures in the Association of South-east Asian Nations, and urged private business to take the lead. He told a conference of Asean chambers of commerce in Manila on Thursday
      AFP  -  233 words
    • Article, Illustration
      Lock icon We've done great things, says Reagan
      376 3 Reuter PRESIDENT REAGAN said he will ride off into the sunset next month knowing his administration's programme of "supply side economics" had become a model for the world. "What we have done here in America, the economic model we have created, truly has become
      Reuter  -  376 words
    • Article
      Lock icon Soviet, Chinese foreign ministers meet
      266 3 Reuter THE FOREIGN MINISTERS of the Soviet Union and China agreed at their first meeting in Moscow in three decades to promote a solution to the Cambodian conflict. Chinese Foreign Minister Qian Qichen and his Soviet opposite Mr Eduard Shevardnadze said they were opening a
      Reuter  -  266 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      875 3 ARRIVALS f Swvlo Local From number tim* SIA SQ103 0950 KUL CAl 0806 1000 CGK OX CX710 1000 CGK GU GA960 1100 CGK SIA SQ105 1105 KUi MA BM21 1130 8WN SIA SO 201 1145 CGK GU GA940 1150 MES SJA SQ191 1155 PCN su SQ238 1155
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    • Article, Illustration
      Lock icon Tears of joy greet Bhutto's nomination
      175 3 Reuter TEARS OF JOY, dancing in the streets and volleys of gunfire greeted 35-year-old Benazir Bhutto's nomination as Pakistan prime minister, but the problems she faces would daunt the most seasoned politician. The Muslim world's first woman prime minister was sworn in yesterday by
      Reuter  -  175 words
    • Article
      Lock icon Yeutter plays down hopes of an accord in Montreal
      416 3 Reuter AMERICAN Trade Representative Clayton Yeutter said that trade ministers probably would not reach agreement on three critical areas under negotiation in world talks next week in Montreal. Mr Yeutter was asked by reporters about the chances of resolving differences over
      Reuter  -  416 words
    • Article
      Lock icon Japan to back the United States in liberalising trade
      391 3 Reuter JAPANESE Foreign Minister Sosuke Uno has told President Reagan that Japan would cooperate with the United States in trade liberalising efforts at a global trade meeting in Montreal next week. Japanese officials, briefing reporters after a 30-minute White House meeting,
      Reuter  -  391 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      66 3 fI V \l jM IF I V The business person's choice, every I I IkH II 111 I uesc ov Th «J r sdoy. Saturday'and I W WI M\ I M Sunday Leaving Changi Airport at J- J- 1 _L 22 05 hours and arriving at Lester B. Pfearson International
      66 words
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      Page 3 Advertisements Column 2
      46 3 fS::- y :v -i *3 *8 it'- V r ~e>V; *-v II cNINA RICCI aSSnftaK 11l ■I r 55 •> Available at Boutique Nina Rico Gaieries Lafayette Nina Rica Corners Metro Orchard. Metro Manna. Singapore Daimaru Midori Classic Selected Outlets Sole Distributor Nina Rico (Singapore) Pte Ltd
      46 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      134 3 wm Y/S' '"S/ (•C) 33/17 01/00 17/08 23/16 30/20 28/23 10-01 16/12 12/06 00-04 24/20 10/05 29/19 07/02 03-02 27/19 23/13 14/04 26/09 26/16 01-01 -2/-4 24/22 10/06 10/09 10/05 29/20 -10-14 21/09 21/16 31/23 26/02 10/08 32/24 18/08 24/13 -1/-9 30/24 23/16 18/09 08/04 27/10 08/02 30/20 29/12 i
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    • Miscellaneous
      Page 3 Miscellaneous Column 2
      65 3 Doonesbury I SAM/HER, J. J. SHE'S BEAUTIFUL,, I'M ABSOLUTELY GLAP I BEAUTIFUL. YOU WERE MATCHING, HAV/N6A KIP IS THE MOSJ CREATIVE THING I'VE EVER PONE. I'M SO HAPPY I GOT TO THB STATION IN TIME TO SHARE TUB EXPERh ENCE H/TTH MY f(— VIEWERS. BY GARRY TRUDEAU SOHOUJV YOU PO
      65 words
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  • MONEY AND EXCHANGES
    • Article
      Asian dollar market
      277 4 ASIAN DOLLAR deposit rates closed at opening levels yesterday in quiet pre-weekend trading with the market awaiting yesterday's US November jobs data. Term rates firmed 1/8 to 3/16 point at the outset due to a correction after its sharp fall on Thursday. They were unchanged in subsequent
      277 words
    • Article
      Forex markets
      1102 4 SINGAPORE: It was another rather boring day yesterday as the market awaited last night's US November employment data for a clearer picture of the American economy. Range: West German marks 1.7348/1.7327. yen 121.68/121.37. sterling 1.8512/1.8477 and 551.9517/ 1.9490 At close, the US dollar was quoted at marks 1
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    • Article
      Foreign Exchange
      231 4 Interbank rates at 3pm yesterday: mo ofven •MM Local dollars to on* unit of foreign curronqn US dollar 1.9485 .1.9495 ***** -3049 Staffing pound 3.6047 3.6043 ***** -50.94 AuttraMan doN< k 1.6903 ***** 3.4286 -5070 NZ dollar 1.2626 1.2652 ***** -63.17 «t J.M. Lanooior OOlK ir 1.6380 1.6403
      231 words
    • Article
      Government securities market
      116 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HK5H LOW 3 months BQ*****S 02.03.89 3.20 3.15 3.35 3.18 6 rrxxrftw BY*****Z 23.03.89 3.38 3.33 3.48 4.30 1 year BY*****H 23.11.89 4.22 4.17 4.21 4J1 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
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    • Article, Illustration
      World interest rates
      176 4 Indicates tt>« avaraga of tha prim* lending ratas of 12 major banks In S'por* Interbank market rate* (offer/bid) on Dec 2 uss DM SWFC Y«n 7 day* 3/8 -1/2 13 12 7/8 4 13/16 13/16 4 3/8 3/8 4 1/1* 3 13/16 1 9 1/2 3/8 13
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    • Article
      Money markets
      65 4 THE OVERNIGHT rate on the Singapore money market rose 2-3/4 point to close at 5-3/4 per cent yesterday. One month rose 1/16 point, two months and three months were unchanged. S$ Interbank rates at the close yesterday 0*Ff« gio -HflN 5 3/4 5 1/2 1-monlti 4 13/16 4
      65 words
    • Article
      IMM
      248 4 IMM currency futures finished narrowly mixed on Thursday after a dull session of local trading as participants prepared for today's November US jobs data. Although Wednesday's Federal Reserve Tan book dampened speculation that the Fed would hike the discount rate, it failed to erase concern that the central bank
      248 words
    • Article
      Options
      1439 4 CURRENCY FUTURES OPTIONS Friday, Dac 2 1988 DEUTSCHE MARK (SMEX) DKNOHI MM Lot 52 53 54 MOA 55 280* 59 IMA 57 MA H 25A 59 M *1 *2 JMNMH M* Lmm Saa 375 275 175 92 21 3 CA9 CA9 CA9 SaS Oaa M paM M* Lot 418
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    • Article
      Lock icon Simex
      494 4 BA Futures March Eurodollar futuras opened little changed from the previoua closing level at 91.01 and firmed initially to the high of 91.02 on Simex yesterday. Nervousness over the US unemployment number and position adjustments led prices to back off from the high to the day's low of 90.97
      BA Futures  -  494 words
    • Article
      Comex gold/silver futures
      177 4 Gold futuroo on Doc 1, 1888 100 My ounc* USS par toy our n Opaa Lot Mb Dae 423.00 426-50 423.00 423.90 -0.90 Jan *9 424J0 •100 Fab 429 JO 430.40 427.80 424.60 .too Apr 434.60 436X10 43X50 433.90 100 km 4<m 441.70 4394)0 439-40 -1.00 445.10
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    • Article
      Precious Metals
      278 4 HONGKONG: Gold closed unchanged from New York's levels in quiet, thin trading yesterday. Bullion ended at U*****.20/70 an ounce, unchanged from New York and against an initial U*****.00/50. On the local market, gold fell HK$lO to close at HK53.944 a tael. Coins were generally lower with the Krugerrand
      278 words
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  • BANKING AND FINANCE
    • Article
      Team to promote oil trading in US
      388 5 THE SINGAPORE International Monetary Exchange and Trade Development Board will be sending a delegation to four US cities next week to promote the Republic as the premier centre for oil trading. Mr Lee Ying Cheun, TDB s deputy chief executive officer, will lead
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    • Article
      Lock icon Ex-minister asked to sit on Co Op AG board
      170 5 Reuter THE FOUR foreign banks which have just bailed out West German retailer Co Op AG have asked former Bonn Economics Minister Hans Friderichs to become the company's supervisory board chief. Swiss Bank Corp said in a statement that Mr Friderichs,
      Reuter  -  170 words
    • Article
      Lock icon India risks fuelling inflation as a result of devaluation: dealers
      316 5 Reuter INDIA'S steady devaluation of the rupee against the currencies of < its main trading partners might i boost exports but will also fuel I inflation, foreign exchange deal- i ers said. Since January, frequent small < depreciations have cut
      Reuter  -  316 words
    • Article
      Lock icon Former Miami bank president under arrest
      182 5 AP A FORMER Miami bank president was arrested on Thursday on charges of helping a drug dealer linked to Colombia's Medellin cartel launder his profits through a hastily arranged home mortgage. Also indicted in the wideranging racketeering case were 15 others, some of whom
      AP  -  182 words
    • Article
      Lock icon Fed body urges review of EC's reciprocity attitude
      250 5 Reuter LEADING international bankers in New York have urged a review of the European Community's (EC) attitude towards reciprocity in banking operations by 1992. The bankers, grouped under the International Capital Markets Advisory Committee of the Federal Reserve Bank of New York,
      Reuter  -  250 words
    • Article
      Lock icon Dominance of bank lending to continue
      425 5 BANKS SURVEYED BY BIS LENT USs9sb IN FIRST HALF OF 1988 Reuter INTERNATIONAL BANK lending slowed in the first half of 1968 but will probably continue to dominate world financing in spite of renewed buoyancy in security markets, a Bank for International Settlements (BIS)
      Reuter  -  425 words
    • Article
      Lock icon Australian Eurobonds face test in months ahead
      256 5 Reuter THE AUSTRALIAN dollar Eurobond market faces a testing month as further strength in the currency is expected to choke off retail demand while swap opportunities generate a stream of offerings. market analysts said. The steady supply of new paper is also putting
      Reuter  -  256 words
  • COMMODITIES
    • Article
      KL Tin
      97 5 THE KLTM yesterday doeed steady at Thursday's level of M 519.60 a kg, supported by scattered buying demand from Europe, Japan and locally In a very brief trading seeeion. The steadiness was due to a slightly lower turnover of 89 tonnes. No rationing was reported. But the KLTM
      97 words
    • Article
      Produce Prices
      236 5 Chinese Produce Exchange SoMors' noon doting pricos on Doe 2 (S$/100 kg) Coconut oil Bdk FOB 113.00 Otd drum FOB 123.00 N*w drum FOB 127.00 Copra MJx*d (Ioom) 66 s*N«n Pepper -t-u-wnnv FOB NLW 730.00 Sarawak wMm FOB foq NLW 720.00 Sarawak ipadal block FOB NLW 460.00 Sarawak
      236 words
    • Article
      London markets
      187 5 London Commodity Exchange Buyer/Seller dosing prices on Dec 1, (£/tooo« unless specified). Previous closing prices in parenthesis. CoffM (oih in-star* London soltort option OF London Jan 1087/1072 (1084/1085) High/Low 1110/1093 Mar 1087/1088 (1084/1085 High/Low 1090/1080 Sales (3438) Cocoa DK 837/838 (845/844) High/Low 845/834 Mor 861/862 (865/866) High/Low 870/856
      187 words
    • Article
      Rubber
      130 5 SINGAPORE: Rubber prices ended the day slightly lower yesterday, with January One RSS buyer quoted at 200.00 cents a kg. Prices fell two cents in quiet morning trade due to a lack of fresh factors, but they recovered about one cent in thin afternoon trade on weekend short-covering interest.
      130 words
    • Article
      RAS and MRELB
      279 5 RAS priCOS In 8 cents/kg, FOB In bate NOON CLOSE Buyers Sellers Buyers Sellers kit 1 RSS Prompt 195.50 196 JON 196.50 197 JON Int 1 RSS Jon 88 199.00 200.00N 200.00 201.00N bit 1 RSS Feb 202.00 203.00N 203.00 204.00N bit 2 RSS OP 194.00 196.00N
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    • Article
      SSR and SMR
      96 5 Icanti/kg) JANUARY 1988 FEBRUARY 1988 (cufrwnt month) (forword month)» RAS NOON NOON Ivy art tvyart StHtrt SS« 20 183 50 185.SON 162 50 185 SON SSR 50 m.so 1 83 SON 181.50 183.SON MRELB luy*n Salter. •uyan S*H«*i SMI CV 295.50 297 50N ***** 299 50N SMR
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    • Article
      Lock icon Crude Oil and Products
      146 5 Telerate FUEL OIL prices were reportedly stable-to-slightly firm in the Singapore market on light trade. Sell indications for second-half December CST-180 are still pegged at USS7S-USS76 per tonne (fob/cif Sing) with buyers at around the US$73 per tonne mark. Regional demand for December and January barrels
      Telerate  -  146 words
    • Article
      Soybean and Wheat
      104 5 Soybeans closed down 5-3/4 to 4-1/2 cents per bushel in nearby contracts on the Chicago Board of Trade on Thursday January soybeans closed down 5-3/4 cents at US$7.5B and new crop November closed down 8-1/2 cents at US$6 72-1/2. Wheat futures closed lower in all contracts. Losses
      104 words
    • Article
      Palm Oil
      383 5 MALAYSIAN crude palm oil prices recovered after an initial fall, to close higher yesterday on covering and speculative buying prompted by a strong finish in the palm oil futures market. ROTTERDAM: Oosing prices on Doc 1 Point oA cruda Sgmatra/M'do ••Mart opHon (USS/tonm) 0k 400* (392J*) Jon 402.5*
      383 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      4 5 Precious Metals, PAGE 4
      4 words
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      Page 5 Advertisements Column 2
      169 5 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 cxir nx>ms and suites, now in a modern, contempt>rary style that's jv, charmingly comfortable. A new refreshing lcx>k greets you at our lobby. Plush, inviting
      169 words
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  • PERSPECTIVE
    • Article
      Less sex, please, we're sane
      457 6 THERE WAS A TIME when it was difficult for something to be pleasurable without being sinful. Sex, therefore, became a prime candidate for inclusion in the category of sins. But whereas other sins could be answered with punishment. sex caused a problem. It also happened
      457 words
    • Article, Illustration
      A chance to shine in the diamond world
      1199 6  -  By LIM SOON NEO THE SEVEN GENTLEMEN gather around one end of a long table, sharing jokes and ribbing each other in a mixture of English and Malay. They sip Chinese tea. One chap with a perpetual smile takes out some packets
      1,199 words
    • Article
      Come to Singapore for the cheapest diamonds in the world
      518 6 IF YOU WANT TO BUY the cheapest diamonds in the work), get them here, declares Mr Eric Wong, s consultant gemologist. Prices in Hongkong are about 8 per cent higher. In Japan due to overwhelming demand and in Europe because
      518 words
    • Article
      Land acquisition needs vary
      146 6  -  letters te the Editor TAN Li Li Omt Sir, We refer to the letter "Need to reduce restrictions on rebuilding of detached houses" by Alfred Tan (BT, 1U Sep 88). We wish to point out that not every redevelopment requires the surrender of land for road
      146 words
    • Article
      The facts of GSP benefits
      94 6  -  SIDNEY W WEISS Dear Sir, I would like to clarify an important point regarding Mr Tan Kee Wee's interview with me appearing in your paper yesterday. I did not state or imply that Singapore could regain its GSP benefits. These benefits have been permanently eliminated.
      94 words
    • Article
      SES looking forward to further discussions
      115 6  -  PETER CHIA Public Affairs Manager, Stock Exchange of Singapore Dear Sir, In our replies to your correspondent "A Remisier", we have explained how conditions have improved for remisiers in recent years. The Exchange is committed to raise the level ot professionalism in the industry.
      115 words
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      Page 6 Advertisements Column 1
      229 6 Business V. to FROM SINGAPORE WITH LOVE WE'LL DELIVER To Your Home Or Office AT NO EXTRA SINGAPORE BUSINESS gives you the newest trends affecting the economy, analytical features and snappy columns on the stockmarket, trade industry, banking, property, company profiles and personalities. Don't miss a single issue, subscribe today!
      229 words
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      Page 6 Advertisements Column 2
      40 6 BT welcome* letters from readers. Your letters must Include your signature, full name, address, and home numbers. If any. You may add a pseudonym, If you Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923.
      40 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      30 6 CUEJ?K TO DRILv) 031 r ™J J Jiki Ajl J DO MOT misses owce ii-l- iN-fvuFerfiMe MOURSTT L Dingy SO*(?OONI>4GS Lou) ppsy 7 FVfNiNO ST AND AW) CO LTD "H-'tl
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Occupation: Maharaja
      1540 7  -  Writing exclusively for EL from New Delhi, NIRMAL GHOSH presents a three-part series on India's remaining 'monarchs' the Maharajas NIRMAL GHOSH THE GREAT LAKE below has turned silver-grey in the evening gloom, the rugged hills around us are dark and silent. Just below the palace where we stand,
      All pictures by NIRMAL GOSH  -  1,540 words
    • Article, Illustration
      The Spirit is willing but. . .
      627 7  - The Spirit is willing but. Vv With JAIME LYE "I DON'T THINK people know the real meaning of Christmas these days." I opined one Sunday evening. "Felt guilty and went to church today, did you?" said my all-knowing friend who continued to paint her toenails with that ghastly red nail
      627 words
    • Article
      STRAWS in the Wind
      264 7 A KARUNG GUNI (rag and bone) man called at someone's house one morning and honked at him from his pickup truck. The person looked up and told him that he didn't have newspapers to sell. But that was not what the man wanted. He pointed at
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    • Executive Lifestyle: Pursuits
      • Article, Illustration
        For those with everything
        350 8  -  CHRISTMAS GIFTS By JAIME LYE THIS IS A STORY about excess. About what Christmas present to give to someone who has everything, but wants more, more and more. How about a yacht? Nice yacht. Exclusive, custom-made yacht Built to your specifications by a company that only
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    • Executive Lifestyle: Entertainment & the Arts
      • Article
        Lock icon Chinese bronze vessel fetches almost US$3m at auction
        177 9 ART AP A RARE BRONZE VESSEL cast in the shape of a buffalo more than 3,000 years ago was sold at an auction on Thursday for U552.97 million, a record for a Chinese work of art, Christie's reported. The piece, dating from
        AP  -  177 words
      • Article
        The most delicious Cantonese cuisine
        506 9  -  RESTAURANTS By SUZANNE SOH THE RECESSES OF Bras Basah Complex hold more than just dingy bazaar-type shops that spell downmarket chic. Burrow a little deeper and discover some of the most delicious Cantonese cuisine ever tasted, at Xiang Man Lou restaurant. My first encounter with
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      • Article
        Wines that go well with spicy Asian food
        812 9  -  By N K YONG IT IS CONVENTIONAL wisdom that spicy Asian food should only be accompanied by beer. Suggesting that suitably chosen European wines can be enjoyed with such food is tantamount to heresy in some quarters. I have been trying various
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      • Article, Illustration
        AIDS: More than just a deficiency
        858 9  -  HEALTH By RICHARD SEAH ARE YOU PROMISCUOUS? Is your sex partner promiscuous? Are you a junkie who shares needles with other drug abusers? If not, do you need to know more about Aids? Apparently not. According to commonly circulated information about Aids, your chances
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      • Article, Illustration
        Bibi's baru!
        591 10  -  By JAIME LYE HOLD ON to your sarongs. The babas have gone hi-tech. Or is it off-whack? The bibiks have dropped their kebayas in favour of exotic dancing on long tables. They're eating kueh tapis and singing jazz. They're swinging to the beat of Rasa Sayang with back-up
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      • Article
        The night jazz fizzled out
        566 10  -  NIGHTSPOTS By WALTON MORAIS A YEAR AGO, in explaining why he reopened Club 392, managing director Michael Isaac talked about changing tastes and how he was only giving the people what they wanted. "What I liked was not important," he had said then. "It's what
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      • Article
        Weigh the odds before making any decision
        738 10  -  Bridge By Mike Thumbs WHILE GOING THROUGH the master-score sheets in which the running scores of the 18 matches played during interclub League series, the number of zero scores recorded against many teams struck me as odd. On further scrutiny, I found that
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      • Article
        BILLBOARD
        470 10  -  irOfnpuoQ oy Sakina Dhllawala CINEMA: Who Franco Roger Rabbit starring Bob Hoskins. Showing at Orchard: 11; 1 30; 4; 6.30; 9.15. Dim 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 Amarica starring Eddie Murphy, Arsenio Hall,
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      • Article, Illustration
        The Gentle Beatle
        573 12  -  JOHN LENNON By DAVID CHEW IN AN INTERVIEW on Dec 8. 1980 in New York, John Lennon was at his most philosophical self. "We're either going to live or we're going to die. If we're dead, we re going to have to deal with that, if we're
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      • Article
        Jazz talents take the easy way up
        557 12  -  6y Roger Loh IN TERMS OF entertainment, fusion jazz is a bankable music idiom. It's most harmless, often soothing and, for better or worse, mainstream. It's so seriously Yuppie that lesser talents have earned kudos for uninspiring works. The sad truth is that
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    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        This woman oversees 47,000 employees
        550 11  -  PERSONALITY PROFILES By SANGEETA MULCHAND THE CHILDREN call her Granny Babs. The rest of you can jolly well call her Barbara McConnell Barrett, first woman deputy administrator of the Federal Aviation Authority, thank you. Not that she looks the part. She breezes into the interview
        550 words
    • Executive Lifestyle: Personal Investment
      • Article
        Economist sees US economic slowdown and rally in bonds
        776 13  -  INVESTMENT STRATEGIES By ANDREA BORSCH A BOND RALLY is coming, according to the chief financial economist of Merrill Lynch Capital Markets in New York. This will occur because of an economic slowdown in America next year and lower interest rates, according
        776 words
      • Article
        Lock icon Greater role for cash in Salomon's model portfolio
        227 13 Reuter SALOMON Inc has shifted towards cash and away from bonds and stocks in its typical asset allocation model. The brokerage firm said the proportion of cash should be raised to 52 per cent from 24 per cent. Salomon said it is
        Reuter  -  227 words
      • Article
        Get your investment priorities right
        709 13  -  BEO/nnER'5 CORfIERWi By ROSIE TAN IN TODAY'S sophisticated world, there is an array of financial products you can choose from, some of which emphasise income while others offer higher capital gains. Over the next few weeks. Beginner's Corner will explain how these instruments work. In
        709 words
      • Article, Illustration
        Are you a risk-taker?
        487 13 QUIZ 1. You are at a roulette table and have $100 in chlpe. Would you stake It on: a. either black or red which gives you an almost 50-50 chance of doubling your money (1 point) b. take a long shot on a single number which
        487 words
      • Article, Illustration
        Much convincing to do
        699 13  -  35^2 By LORETTA McLAUGHLAN CHUAN HUP HOLDINGS suffers from what is politely referred to in investment circles as a credibility problem. The company has time and again promised exciting growth, only to let investors down every year. Since it went public in December 1983, annual profits
        699 words
      • Article, Illustration
        Multi-year low of $0.76 may yet be tested
        279 13  -  CHARTPOINT LEONG YING YONG LEOMQ YINQ YOMQ, Hmmd, Corporate Rmammrch, DBS SacurM— CHUAN HUP HOLDINGS, with its history of wild price swings, has always bean a speculator s favourite. In the 1986/87 bull market, the stock appreciated by an astonishing 350 per
        279 words
      • Article
        Lock icon Taking advantage of January effect becoming trickier
        918 13 STOCKS LAT-WP NOTHING is a sure thing in the stock market. But one investment pattern that has been pretty dependable over the years is the so-called January effect, although taking advantage of it may be trickier this year. The effect is the tendency
        LAT-WP  -  918 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Crenshaw ahead in Bicentennial Classic
        355 14 GOLF UPI BEN CRENSHAW, the 1984 American Masters champion, has grabbed a two-shot lead in the U551,275 million Australian Bicentennial Golf Classic being played at Melbourne's world famous par 72, 6.994-yard layout. Crenshaw fired a bogey-free second round of 65, equalling the mark set by
        UPI  -  355 words
      • Article
        Lock icon Two Americans lead in S African tournament
        166 14 AP WITH ONE of golf's richest prizes at stake, Americans Ken Green and Don Pooley fired five-under-par 67s on Thursday to share the first-round lead in the four-day Million Dollar Challenge in Sun City. South Africa. The Americans held a fourstroke edge over
        AP  -  166 words
      • Article, Illustration
        Lock icon Hlasek bounces back to upset Lendl
        449 14 TENNIS AFP SECOND SEED Ivan Lendl became the latest victim of Switzerland's Jakob Hlasek while top-ranked Swedes Mats Wilander and Stefan Edberg both rebounded from first-round upsets to keep their hopes alive in the elite 750,000 Masters Tournament in New York. Hlasek, the hottest
        AFP  -  449 words
      • Article
        Favourites pull out of Sunday's races
        517 14  -  p on Imoi With JEROME FANDOR BOTH THE PRE-RACE favourites for the feature races of this weekend, the $125,000 Sultan s Gold Vase and the $250,000 MRA Cup. have been scratched. The raging favourite for the Sultan's Gold Vase. He's Dawan, will not run
        517 words
      • Article
        SHIPS IN PORT
        1370 14 AT CONVENTIONAL WHARVES V>ml i Arrival Dtparfti KEPPEL WHARVES Borbera Tompa COT alongside 04 IZtiSOO Continent 1 KI9 along tsoe 07 12/1800 Count K35 alongside 0*12/2000 harbniti frotosontos K21 alongside 07 12/1200 K30 alongside 04 12/0600 Haileng Kicdto M K3S alongside 0312/1800 PC 20 alongside 0312/0600 Koto
        1,370 words
      • Article
        Lock icon Men's Council plans changes in 1990 tour
        155 14 AP THE MEN S TENNIS Council in New York has announced plans for a restructured 1990 Grand Prix tour designed to keep stars from defecting to a new playerrun circuit. The proposals, announced on Thursday, incorporate many of the changes the players have
        AP  -  155 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      151 7 Choosing a timepiece should he a relaxed and COSSOISSEIRS (> K CO LLCC7 OK$ After all, we see ourselves as connoisseurs. And our The rare perfection of Patek Philippe at The Hour Glass. comfortable affair. Especially 'ou 7/ learn all about the customers as fellow collectors. when vcu re consukringthe
      151 words
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      249 8 Where to entertain. Si >» THE MONK'S BOWL DELIGHTS An authentic Chinese dish Generous portion of succulent pork, diced and stir-fried Presented in a lovely golden brown taro bowl, with Chinese wine, black pepper added in for that exquisite taste Available only in December at the Meisan Szechuan Restaurant on
      249 words
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      Page 8 Advertisements Column 2
      128 8 Try Something Malaysian Stvle "HIGH TEA" From three to six every aftemu A your choice of 15 Buffet spread of delicious Kueh Lapts. Kueh Dadah, Mee Siam. Kueh Kuchee. Agar Agar Gundil. Bubor Hitam. Gula Melaka and many more. Unlimited servings Time: 3.oo—ft.Oflpm Venue: Dondang Sayang (a«7nii.Ve*i iitifofnacnahn 1, Tanglm
      128 words
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      Page 8 Advertisements Column 3
      172 8 w DIAN XIN TEMPTATION! Treat yourself to a Delectable Dian Xin lunch. All-you-can-eat for only $12.50* per person Lunch Hours: 11.30 am 2.30pm fVs '0\ service crxyge i'\ gov«*nmen• ia> Si *_> v- 1 HYMT REGENCY® SWGAPORE 10-12 Scatts f<oaa 092z 'e< 7331 '88 High Tea at Three Enjoy a
      172 words
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      Page 8 Advertisements Column 4
      275 8 Sunday Family Affair SET LUNCH 4 PERSONS AT $40.00+ Tom Yam Soup Spicy Seafood Combination Chicken on Hot Plate Theatre Noodles Thai Water Chestnut PERSONS AT $00.00+ Braised Shark's Fin with Shredded Chicken Spicy Seafood Combination Chicken in Lemon Sauce Young Kai Lan Hongkong Noodles Chilled Sago with Honeydew Melon
      275 words
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      Page 8 Advertisements Column 5
      202 8 Public ys Western and Chatterbox chicken rice beef steak with oyster sauce roast rib of beef carrot cake beryani rice nonya kueh mango pudding fresh fruits chocolate mousse and much, much more! WL Singapore 0923. Td: *****11 The most popular buffet lunch renowned fo r its value-for-money CAIRNHILL HOTEL'S 40
      202 words
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      Page 9 Advertisements Column 1
      170 9 Every second's on-the-house! The Fountain Lounge is flowing with the good times Between 5 and 8 pm daily, tor every drink you order you get your next FREE. And bottle purchases are at 25% less There's no happier time to enjoy your favourite drinks and some of the best musical
      170 words
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      Page 9 Advertisements Column 2
      106 9 Treasure Hunt Only Two More AIR MAURITIUS Kenyan Safari Holidays To Be Won! The fever is rising in the Great Ballantine's Treasure Hunt. And Treasure Hunters are closing in on the remaining two Ballantine's Treasure Chests hidden at secret locations in Singapore. Find either of these Treasure Chests full of
      106 words
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      Page 9 Advertisements Column 3
      451 9 The Great Treasure Hunt Todate, four of the six hidden Treasure Chests in the Great Ballantine's Treasure Hunt have been found But the hunt is still on for the two remaining Treasure Chests! Find either one of these Chests full of Ballantine's Scotch Whisky and win an Air Mauritius Kenyan
      451 words
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  • Page 10 Miscellaneous
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      Page 10 Miscellaneous Column 1
      751 10 tcmhkwm mmmm CRYPTIC PUZZLE ACROSS 9 Not much fun one has when on a slimming diet? (4, 4) 10 Leaves the letter to be read aloud (3) 11 One repeated the time (6) 12 Warned that he would also back in (6) 13 A tedious drone with rhythm accompaniment (7)
      751 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      1614 12 Napoleon, lacocca and Trading Places Movies A LONDON-BASED romantic writer is banished from society when she commits the unforgivable crime of jilting her husband on their wedding day. Based on an Anita Brookner best seller, Hotel du Lac stars Ann Massey, Denholm Elliot and Googie Withers. Filmed on location in
      1,614 words
    • Miscellaneous
      Page 12 Miscellaneous Column 2
      1015 12 SATURDAY BBC 88.9 mHz In VHF Band N SAM 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. 9.50 New Ideas. 10.00 World
      1,015 words
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      23 13 BT welcomes investment ideas and viewpoints from readers. Address correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.
      23 words
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      24 14 CONGRATULATIONS AND BEST WISHES TO SHERATON TOWERS SINGAPORE ON YOUR WINNING THE SINGAPORE TOURIST PROMOTION BOARD'S EXCELLENCE IN SERVICE AWARD (1988). Bank of America
      24 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon Who's the ablest of them all?
      648 15 mob mm™ HOCK LOCK SIEW THE OPPOSITION within the stockbroking industry to the appointment of a full-time chairman to the Kuala Lumpur Stock Exchange (KLSE) by the Malaysian Ministry of Finance is predictable. After all. who likes to be regulated. But then, does it
      HOCK LOCK SIEW  -  648 words
    • Article
      DIVIDENDS ANNOUNCED
      684 15 i! Ex date doit ii Total tec tte year Total tar laat year A Enterprise* 5% IB Nov 2 Nov 17 Dec 5 7% 10% A 1 S B 10% lb) Jon 6 Jon 20 Jon 31 10% 5% AMDI l%lb> Nov 24 Dec 8 Jon 9 1%
      684 words
    • Article
      NOL's ICCPS make quiet debut
      334 15 NEPTUNE Orient Lines Ltd's irredeemable convertible cumulative preference shares (ICCPS). listed on the stock exchange yesterday, held its own despite the sluggish market. Only one lot out of the 60 million shares of 10 cents each was sold at $4-90 each as investors held on
      334 words
    • Article
      GB Holdings sails through first half with strong showing
      219 15 FUELLED BY strong demand for its Grand Bank cruisers, QB Holdings Ltd made a strong showing in the first half. After-tax profit jumped 30 per cent to $3.08 million in the April-September period. from $2.64 million in the previous corresponding period.
      219 words
    • Article
      Lock icon Trust fund to pay out M$587m to investors
      190 15 Bernama AMANAH SAHAM Nasional (ASN) will pay out M 5567 million in dividend and bonus to its 2.35 million investors this year. Of the total payout, Ms4ll million will be for dividend giving a 9.25 per cent return on investment and a
      Bernama  -  190 words
    • Article, Illustration
      CityDev may be part owner of Promenade
      575 15  -  Developer to hold talks with new owner By LEE HAN SHIH CITY DEVELOPMENTS is likely to emerge as a part owner of The Promenade before the end of the year. Since early last month, the market has been waiting for CityDev to make
      575 words
    • SES
      • Article, Illustration
        Investors turn cautious as market drops below 1000 points
        788 16  -  by JOCELYN TOH THE MARKET see-sawed about the psychological 1000-point level yesterday before closing below it on a lethargic note. Along with investors in most major markets, local investors were sidelined ahead of the US employment figures. The Straits Times Industrial
        788 words
      • Article
        COMPANY MEETINGS
        115 16 MALAYAN BANKING Berhad: 28th AGM at The Registered Office, 11th floor. Menara Maybank, 100, Jalan Tun Perak. ***** Kuala Lumpur today at 11.30 am. SINGAPURA BUILDING SOCIETY: 19th AGM at the Board Room, Marina House, 70 Shenton Way on Dec 5 at 11am. LINGUI DEVELOPMENTS Berhad: 20th AGM
        115 words
      • Article
        Unit trusts
        347 16 Managers' prices for Dk 3/5 Singapore Unit Trust TK# Commerce 0 94 1 00 THe Savings Fund 081 087 S'pore Prog Fund 0.37 0 41 S'pore Sec Fund 0 63 0 67 S pore Invest Fund OAS 0 70 S'pore Equity Fund 046 0 49»d Asia Unit Trust
        347 words
      • Article
        APPROVED ISSUES
        85 16 Company RIGHTS ISSUE Spore land On* 2% unsecured loon stock with detochobl* warrants tor every ordmory shore held Each $2 noannol <olue loon stock will be olloted one worroot convertible anytime withm five years Ex dote Nov 26 Books dose Dec 8 Company OTHERS ltd Oxygen lestricted oHer
        85 words
      • Article
        PROPOSED ISSUES
        315 16 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks m th* ratio ol (3 loon stock lor every hv# ordtnory ihom h*id 0 C Bank One-lor two iQ JO 75 per shor* Duto Cons On* for on* $1 10 per liar* FAC1 One-tor one JO 60 per
        315 words
    • Article
      SES SHARE INFORMATION
      5560 16 Qr*a Qr's M Cap 19M Tel Last Dtv Dtv rid Nat Vol Day Last < feols Htah Low Cod* Company Sale DEC 02 or- C'vr P/E C000) High Low Buyer $mll SECTION ONE INDUSTRIAL A COMMERCIAL 141 95 1 1000 Acma 104 unch 1.0N 2.4 09 433
      5,560 words
    • KLSE
      • Article, Illustration
        KL prices end easier
        3324 17 INVESTORS on the Kuala Lumpur stock marfcat experienced another disappointing day as prices succumbed to selling to close marginally easier across the board yesterday. Dealers said the decline was probably due to the poor performance of major overseas markets. Interest, they added, continued to be concentrated
        3,324 words
    • REGIONAL MARKETS
      • Article
        Lock icon Foreigners may invest in Seoul stock market from 1992
        327 18 Reuter FOREIGN INVESTORS will finally be allowed to take a slice of South Korea's fastgrowing securities market, but not until 1992 and only within tight guidelines, the Finance Ministry said yesterday. In the latest of a string of moves to reform
        Reuter  -  327 words
      • Article
        Lock icon Westinghouse to go for arbitration in Manila dispute
        377 18 AFP WESTINGHOUSE Electric has filed a request for arbitration to settle its dispute with the Philippines Government over a commercial nuclear power plant. The request was filed with the International Chamber of Commerce in Paris, the company said in Pittsburgh on Thursday,
        AFP  -  377 words
      • Article
        Lock icon Seibu Saison in Soviet hotel deal
        161 18 AFP JAPANESE RETAIL, property and hotel group Seibu Saison has agreed with trading giant Mitsui and Co and property firm Shimizu Corp to build and manage hotels in the Soviet Union. The consortium has already reached a basic agreement with Soviet travel agency Intourist
        AFP  -  161 words
      • Article
        Lock icon Sabotage halts production at Bougainville mine
        257 18 Reuter BOUGAINVILLE COPPER Ltd has said production was halted at the Panguna mine in Papua New Guinea on Thursday night when an explosion damaged one of the transmission towers carrying power to the mine. A statement said emergency generators were providing limited power. Earlier,
        Reuter  -  257 words
      • Article
        Lock icon Nippon Express in joint cargo service
        77 18 Reuter NIPPON EXPRESS Co Ltd and Thai Kargo Kare Co Ltd of Thailand will set up a joint cargo transport service in Thailand early next year, a Nippon Express spokesman has announced. Nippon Express (Thai- land) Co Ltd. will have its headquarters in Bangkok
        Reuter  -  77 words
      • Article, Illustration
        Lock icon Stocks close mixed
        547 18 Tokyo Reuter TOKYO share prices ended a featureless session mixed yesterday, waiting along with the bond and currency markets for the release of US November unemployment figures, brokers said. "We're just waiting for the employment figures." said one broker. "There isn't anything interesting in the market." The
        Reuter  -  547 words
      • Article, Illustration
        Lock icon Shares finish easier
        460 18 Australia Reuter AUSTRALIAN SHARES closed easier yesterday after failing to sustain a slight recovery early in the day. One broker said the market was not being aggressively sold down, but was drifting on concern over higher interest rates. He said a weakening in the Australian dollar encouraged
        Reuter  -  460 words
      • Article, Illustration
        Prices end marginally lower
        1351 18 Hongkong HONGKONG share prices j ended a day of range trading marginally lower yesterday. mainly on usual pre-weekend caution, i brokers said. The Hang Seng index was down 0.77 points to 2.667.26 while the broad-er-based Hong Kong index shed 7.32 to 1,756.58. Turnover was slightly lower
        1,351 words
      • Article
        Lock icon Taipei: Late sell-off
        428 18 Reuter THE TAIWAN stock index plunged during the final minutes of trading yesterday as large institutional investors unloaded shares to raise capital, dealers said. The weighted index shed 87.62 points, or 1.2 per cent, to close at 6,751.23 against Thursday's 6,838.85 finish and a high of 6,882.67
        Reuter  -  428 words
      • Article
        Lock icon Bangkok: Index up
        166 18 Reuter THE SECURITIES Exchange of Thailand Index rose 0.65 points to 397.15 yesterday on a turnover of 4,109,930 shares worth 413.45 million baht. MOV M I AMT Ao Khan a 314 10 AyvxJhya Invaafmant Bangkok AgrcHnd 102 •1 Bangkok Bank 273 2 Bank Ot Ayudtiya Charoong Thai
        Reuter  -  166 words
      • Article
        Lock icon Bombay: Shares steady
        89 18 Reuter PRICES ON the Bombay stock exchange closed steady after moderate trading yesterday, brokers said Tata Steel rose 25 rupees to 1,100 Gujarat Fertiliser lost 2.5 to 165 and Larsen one to 132. In vehicles, Telco gained 3 75 to 765. Premier Auto 1.25 to 55.25, Mahindra
        Reuter  -  89 words
      • Article
        Lock icon Seoul: Early gains pared
        187 18 Reuter SEOUL share prices soared to record levels in the morning session yesterday on a government announcement that it planned to liberalise South Korea's capital market. But early gains were pared in late trading. "Investors' zeal sobered somewhat in the afternoon, and large gains made in
        Reuter  -  187 words
      • Article
        Lock icon NZ: At low ebb
        109 18 Reuter THE NEW ZEALAND share market ended the week at its lowest point yesterday since March 8 but a wave of selling in the morning was tempered by bargain hunters in the afternoon session. The Barclays Index lost 17.54 points to 1,823.30. losing 3.9 per cent
        Reuter  -  109 words
      • Article
        Lock icon Manila: Brisk rally
        104 18 Reuter MANILA share prices yesterday advanced sharply across the board in brisk trading on market optimism over the early part of 1989, brokers said. "More money is coming into the system. Investors are hedging on 1989 prospects and there are a lot of incentives in the market
        Reuter  -  104 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Profit-taking sends market lower
        838 19 New York Reuter WALL STREET stocks closed lower on Thursday after losing ground all session. Traders said the market succumbed to light profit-taking after its recent advance They said the release of US unemployment figures yesterday could be very important for the market's future direction. The
        Reuter  -  838 words
      • Article, Illustration
        Lock icon Equities open mixed to lower
        1005 19 London Reuter LONDON EQUITIES yesterday opened mixed to slightly lower where changed, with the weak overnight closing on Wall Street giving investors little incentive to curb the drift in prices on Thursday, dealers said. The market was looking for a quiet session yesterday with few
        Reuter  -  1,005 words
      • Article
        Lock icon AT & T to take US$6.7b charge against earnings
        163 19 AT T to take US$6.7b charge against earnings AFP US TELECOMMUNICATIONS giant American Telephone and Telegraph has said it was taking a US$6.7 billion charge against fourth-quarter earnings, and laying off thousands of its workers, to cover the cost of getting rid of obsolete equipment. AT and T said the
        AFP  -  163 words
      • Article
        Lock icon British Steel oversubscribed
        65 19 Reuter THE BRITISH government's £2.5 billion British Steel pic privatisation share sale was substantially oversubscribed, a statement from government adviser Samuel Montagu and Co in London said yesterday. The basis of allocation is expected to be announced tomorrow. The sale consisted of 450 million shares priced at
        Reuter  -  65 words
      • Article
        Lock icon Britain publishes plans to sell off electricity industry
        366 19 Reuter BRITAIN'S right-wing Conservative government on° Thursday published its blueprint to sell off the electricity industry, the biggest and most complex sale in a sweeping privatisation drive. Energy Secretary Cecil Parkinson said a 140-page electricity bill submitted to Parliament would open up
        Reuter  -  366 words
      • Article
        Lock icon General Cinema selling subsidiary
        289 19 UPI GENERAL CINEMA Corporation plans to sell its Papsi-Cola bottling subsidiary to Pepsico Incorporated for US$l.5 billion in notes by the end of this month, the companies have announced. The sale would be virtually tax-free until the principal is retired in a single payment in 20
        UPI  -  289 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1517 19 Reuter ZURICH: Swiss shares closed steady in lively trading yesterday as investors continued to switch between different classes of shares, dealers said. Prices moved within a narrow range. Shares of chemical companies generally posted losses on profit taking after this week's gains But insurance companies advanced in
        Reuter  -  1,517 words
    • Article
      More flexible civil service on the way
      458 20  -  By MARTIN SOONG THE CIVIL SERVICE is going on a five-year "diet" designed to trim it down to a leaner, meaner organisation more responsive to the public and market conditions. The diet, actually a blueprint for a more flexible and cost-ef-fective civil service,
      458 words
    • Article
      The biggest challenge
      320 20 STRIKING the right balance between institutional stability and commercial flexibility is the civil service's greatest challenge, said Minister of State (Finance and Foreign Affairs) Brigadier-General (Reservist) George Yeo yesterday. "What need not be part of the public sector should not be. What parts can be run like
      320 words
    • Article
      Lock icon Bus bandits release hostages
      94 20 Reuter ARMED assailants demanding to be flown out of the Soviet Union released a group of schoolchildren and teachers after the authorities provided a plane, a Soviet official said yesterday. "To save the teachers and children on this bus, a decision was taken to provide a
      Reuter  -  94 words
    • Article
      Lock icon Foreign groups, HK lawyers lock horns
      285 20 UPI A NUMBER of foreign business associations pitted themselves against Hongkong's legal profession yesterday by announcing support for a proposal to permit international law firms to practice law in the British colony. The government has proposed amending existing legislation that would allow foreign law
      UPI  -  285 words
    • Article
      Lock icon Salinas sworn in amid charges of election fraud
      354 20 UPI CARLOS SALINAS de Gortari took the oath of office in Mexico City on Thursday to become his country's 61st president, with the opposition denouncing his government as illegitimate. Mexico's second largest party boycott the ceremony in protest. Mr Salinas, 40. won
      UPI  -  354 words
    • Article
      Lock icon 'Asean frustrated over rhetoric-policy gap in trade'
      316 20 Bernama ASEAN is watching with "a great deal of frustration" the widening gap between rhetoric and practice in the arena of multilateral trade, Malaysian Trade and Industry Minister Oatin Rafidah Aziz said in New York yesterday. "While statements and pronouncements are being made
      Bernama  -  316 words
    • Article
      Free trial, discounts for videoconference
      200 20 TELECOMS, which started its videoconference service yesterday. is offering a free trial until Jan 31 next year. During this period, customers can use up to one hour of videoconferencing for no charge. Initially, customers can hold a teleconference only with France, Hongkong and the US,
      200 words
    • Article
      Lock icon Maxwell gets go-ahead for Macmillan
      74 20 AFP THE British Government yesterday gave implicit approval to the Maxwell Communication Group's acquisition of the American publishing house Macmillan. Trade and Industry Secretary Lord Young decided not to refer the deal to the Monopolies and Mergers Commission, a decision that is tantamount to government
      AFP  -  74 words
    • LATE FILE
      • Article
        Lock icon More Americans jobless
        31 20 AFP UNEMPLOYMENT in the United States rose 0.1 per cent in November to 5.4 per cent of the work pool, the Labour Department said in Washington yesterday. AFP
        AFP  -  31 words
      • Article
        Lock icon Miyazawa changes his mind
        49 20 AFP JAPANESE Finance Minister Kiichi Miyazawa yesterday again corrected previous remarks about his role in a stock trading scandal but denied reports that he might resign."l am fully determined to help pass tax reform Bills" through the current Parliament session, he said in Tokyo. AFP
        AFP  -  49 words
      • Article
        Lock icon Deng's assurance on Soviet ties
        92 20 Reuter CHINA'S senior leader Deng Xiaoping said yesterday that improved relations with the Soviet Union would not harm ties with other countries. Mr Deng was quoted by the official Xinhua news agency as having told a Japanese trade delegation that there was no reason why
        Reuter  -  92 words
      • Article
        Lock icon Benazir Bhutto sworn in
        46 20 AFP BENAZIR Bhutto was sworn in as Prime Minister of Pakistan yesterday by President Ghulam Ishaq Khan, making her the first woman leader of a Muslim nation. The official induction of the new government was held at the presidential palace in Islamabad.
        AFP  -  46 words
      • Article
        Lock icon Yugoslavs expelled
        40 20 AP THE AUSTRALIAN' government yesterday shut the Yugoslav Consulate in Sydney and gave the staff 72 hours to leave the country following a diplomatic row over Yugoslavia's refusal to surrender a security guard accused of shooting a demonstrator.
        AP  -  40 words
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  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      54 15 L/Oc'fcf WA/VA& /=?£<* A Z&s/O# £ZC*G*f&r.' 7754r% &e£AK c. 3. tffZ cwsre&yg' /Z&/Z A /ZA&f.. v y^\ M 7/ rf\ tf/M A tv&/zx A/A4 rAKfAS A 77/£~ /ZisrrfOM7?/.. X' by Martell &£eAos£ 3f£ss fr/a*X/A/6 tV*£A rFOJ-AA/, PAL/ AMP A//6Ur;&fi/ 'rVf <ZIAS<7OO zro&c/'./ <?Si £-00<, A>& 6cx/Mt4?£ fiS/U/M? 7& /MATA fiP
      54 words
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      Page 18 Advertisements Column 1
      633 18 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GREAT CITY REALTY (PRIVATE) LIMITED (In Members' Voluntary Windlng-Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 74 Middle Road. Singapore 0718 on Friday, the 25th day of November
      633 words
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      Page 18 Advertisements Column 2
      662 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SENG HIN (PRIVATE) LIMITED (Incorporated in the Republic of Singapore) (In Liquidation) (Member's Voluntary Winding-Up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101-A Upper Cross Street #11-14 People's Park
      662 words
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      Page 18 Advertisements Column 3
      9 18 Managers must manage BT shows you how every Monday
      9 words
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    • Advertisement
      Page 19 Advertisements Column 1
      192 19 iONtSI MALAYSIA T«,» M THA, ItNI t{e*e6w2ltcilftc\ LIMITED is looking for a TREASURER whose responsibilities will include the management of funds in and between the territories in which the company operates (shown at the top of this advertisement), preparation of submissions for capital projects, including acquisitions and greenfield operations, and
      192 words
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      160 20 The Coimx gold and silver reports war* not available at pfMt-tlmi. T•* > v., <*~V? 1 w^*®£&S2a Baffin §H§ 2\JfaA '^SfeS fearf*;N i I Li 1 k> v»t A uL #1 iJr' rich rßun ivrreHS HUia^ fA '.»isr \S'V MAS f. i Ui -I^. v. bfifk&Hain hocvl/tt? VVA/FR ASSOWTMfNr -3
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      5 20 Eartlor story on Pago 3
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