The Business Times, 17 December 1988
1988-12-17
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The Business Times
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Title Section12 1988-12-17 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, December 17-18 1988 75 CENTS12 words
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Article265 1988-12-17 1 AP Dow up WALL STREET stocks showed moderate early gains yesterday related in part to expirations of certain futures contracts, futures options and stock options, Daiwa senior trader Paul Cantor said. The Dow was up six at 2139 and gainers led decliners moderately. Reuter Footsie up LONDONAP - 265 words
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Article442 1988-12-17 1 JOHN TAN - By JOHN TAN DISK DRIVE MAKER Mini Scribe Peripherals, one of Singapore's ten biggest private employers, will lay off 1,000 members of its 4,600-strong workforce on Monday in a cost-cutting drive. Compensation payments will cost this local subsidiary of Mini Scribe Corporation, based in Colorado, USA,442 words
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Article, Illustration758 1988-12-17 1 LEE HAN SHIH - Kallang Basin, Upper Bukit Timah among six earmarked for development By LEE HAN SHIH KALLANG BASIN and a large tract of land in Upper Bukit Timah near the Nature Reserve will be the grounds for the next building boom. Under plans unveiled by the758 words
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Article294 1988-12-17 1 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday that relations between Indonesia and Malaysia had a vital influence on the situation in the South-east Asian region. "If relations between the two countries are solid, Asean s position will become stronger and more effectiveBernama - 294 words
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Article122 1988-12-17 1 Bernama INDONESIA plans to set up a tin representative office on Batam industrial island, near Singapore, to diversify efforts against unfavourable tin prices on the world market, according to Sudjatmoko, director of the the state-owned PT Timah tin company. He told a press conferenceBernama - 122 words
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Page 1 Advertisements
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Advertisement226 1988-12-17 1 Nikon The World's Finest Photographic System. BT on Saturday: 6 The language of life Nature 6 The year the Earth talked back Horticulture 6 Tropical fruit in Australia Advertising industry 2 Growth expected to stabilise HDB flats 2 One rubbish chute per block Trade talks 3 Some Europeans siding with226 words
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Advertisement249 1988-12-17 1 The World's Finest Photographic System. li Jl It's Christmas again Page 7 Bring on the bubbles Page 8 Season's eatings Page 9 Wear your indulgence Page 10 That funny, familiar not-forgotten feeling Page 12 TV programmes for today and tomorrow Page 12 Picking the perfect spot Page 13 Singland pluses249 words
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HOME NEWS
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Article, Illustration380 1988-12-17 2 JOHN TAN - By JOHN TAN THE GROWTH RATE of the local advertising industry, which hit a high of about 26 per cent this year, is expected to stabilise at about 15 per cent next year Making this projection, Eddie Chan who is the current president of380 words
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Article, Illustration367 1988-12-17 2 MARTIN SOONG - By MARTIN SOONG TWO ROYAL Australian Navy warships, the first lot to be sent to the South China Sea under Canberra's new continuous deployment arrangement with Five Power Defence Arrangement countries, carried out demonstration exercises with Republic of Singapore Navy ships yesterday. In a day-long367 words
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Article95 1988-12-17 2 SINGAPORE AIRLINES is now able to fly direct to Budapest as Singapore has signed a new Air Services Agreement with Hungary. An SIA spokesman told BT that it has as yet no immediate plans for regular flights to Hungary But a weekly 8707 freighter95 words
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417 1988-12-17 2 THE HOUSING and Development Board said yesterday that it will build only one rubbish chute disposal point per floor in all new flats, a decision that could create a two-tier structure in the market for the resale of HOB flats The decision417 words
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454 1988-12-17 2 THE OVERSEA-CHINESE Banking Corporation group has scored a double first with its signing of a flexible wage agreement with the Singapore Bank Officers' Association (SBOA) yesterday. Last month, the group which comprises OCBC. Bank of Singapore and Four Seas Communications Bank led the454 words
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383 1988-12-17 2 FRANCIS SEOW TRIAL LAWYER Francis Seow's trial on three tax evasion charges ended yesterday after two days of hearing. Prosecution began on Thursday in the absence of Seow and his lawyers on three of the six charges he faces of383 words
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Article58 1988-12-17 2 THE HONGKONG Tourist Association is sending a tourism delegation to the South-east Asian region early next year In a press release dated Dec 9. the Singapore office of the Hongkong Tourist Association said the delegation will visit five Asean cities Bangkok. Singapore, Jakarta. Kuala Lumpur and58 words
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Article1187 1988-12-17 2 AT CONVENTIONAL WHARVES Vmtl Arrival Departure KEPPEL WHARVES Arror Prince KI5 alongside 17 12/1700 Berber Perseus 009 alongside 18 12/0100 Elizobeth ly K33 alongside 17 12/2300 Equotor V K22 alongside 17 12/0700 Hetion K29 alongside 18 12/0600 Karl M Stoat K2B alongside 17 12/0600 Kin Soon li1,187 words
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Page 2 Advertisements
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Advertisement118 1988-12-17 2 Welcome to the new comforts of home There are changes in the air at Hotel guM Equatorial Kuala Lumpur. Most /Ly/ f(Lu/tAs_ important is the total make-over in our rmms and suites, now in a Jrir modern, contemporary style that's charmingly comfortable. A new refreshing kx>k greets you at our118 words
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Page 2 Miscellaneous
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Miscellaneous80 1988-12-17 2 mm® Singapore OUTLOOK: Fair and Report for 24 hours prior to 7.30pm on Doc 16 at iho oirporf: Mai lamp 29.9 Aaaoc humidity 93 Min lamp 23.1 Aaaoc humidify 94 Hra of sunshlno 1.90 Rainfall In mm 1.2 Rainfall thla mtfi 54.0 Rainy daya thla mth 9 Montr oo I80 words
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OVERSEAS
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483 1988-12-17 3 Reuter SEVERAL prominent European officials have quietly aligned themselves with the United States in its battle with the European Community over farm policy reforms, a senior US trade official said in Washington on Thursday. The US official, who asked not to beReuter - 483 words
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Article117 1988-12-17 3 AFP THE EUROPEAN Parliament has adopted the 1989 budget of the European Community which includes the first ever reduction in farm spending. The budget of 44.8 billion European Currency Units (U5553.3 billion) was adopted with 289 votes. Nineteen ecologists voted against and 34 otherAFP - 117 words
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367 1988-12-17 3 Reuter THE SOUTH PACIFIC island chain of Vanuatu plunged into crisis yesterday after Prime Minister Walter Lini ignored an order from President George Sokamanu to dissolve Parliament and hold elections. "The president has no legal power to dissolve Parliament. He canReuter - 367 words
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Article916 1988-12-17 3 1 ARRIVALS Operator Service Local From number time 1 MAS MH630 0920 KUL ACA AC888 0950 YYZ/LHK/BOM SiA SQ103 0950 KUL CAL CI806 1000 CGK CPX CX710 1000 CGK GU GA960 1100 CGK SIA SQ105 1105 KUL tIA BI421 1130 BWN SIA SQ201 1145 CGK GIA GA940916 words
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309 1988-12-17 3 UPI VIETNAMESE TROOPS, carrying battered guitars and pet dogs along with their war weapons, on Thursday began pulling out of the battlefields of western Cambodia and heading home. About 1,500 green-uni-formed soldiers of the 309 th Division clambered into 30 troop carriers and headed out ofUPI - 309 words
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125 1988-12-17 3 Bernama-Antara PRESIDENT SUHARTO of Indonesia has told Information Minister Harmoko to increase television tax revenues to 85 billion rupiah next year from 51 billion rupiah this year. Speaking to reporters in Jakarta on Thursday. Mr Harmoko said the present television tax revenues wereBernama-Antara - 125 words
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341 1988-12-17 3 Reuter AMERICAN and Palestine Liberation Organisation (PLO) representatives were due to open talks in Tunis yesterday in what could prove to be an historic turning-point in over 40 years of Middle East conflict. Both sides are crucial parties to any negotiated peace settlementReuter - 341 words
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386 1988-12-17 3 AFP NEW ZEALAND Prime Minister David Lange said yesterday that government MPs would decide next week whether he should continue as the country's leader He said he was confident of repulsing any challenge mounted against him when MPs vote next Wednesday. MrAFP - 386 words
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265 1988-12-17 3 UPI SIX large trading firms have applied for government approval of their plans to import hard coal and fisheries products from North Korea, officials at the Trade and Industry Ministry said in Seoul yesterday. The government, meanwhile, said South KoreanUPI - 265 words
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Page 3 Advertisements
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Advertisement60 1988-12-17 3 'I tf \l 1m fI tf The business person's choice every I I II I II I ,jes^a Saturdoy'and I 1 mI \l I I w Sunday. Leaving Changi Airport a* JL V—i<AA %\wAjL _1_ 05 hours and arriving at Lester 8 Pearson Internationa: Airport the following day Oi /our60 words
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Advertisement195 1988-12-17 3 7-"^ j.Vi, ;vv > 1 fe.--"S. tl <£y}:s > I fes »»-M-'• '**Wk 51 *i»* >^'' i«-. >,• >>•-* V 5 ii'H S|& < 1 n&EuKSL*'' if£§ffl 1 ill J' wßKsSSlßgto&l^'-- AmM-; >-•■>- 625"-- -J s^i- v-; $&£&**«s£ »•>• .>-m '1 >-•.. Wi m 0 3 /fc m v £;-5195 words
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Page 3 Miscellaneous
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Miscellaneous102 1988-12-17 3 Doonesbury MW FUN' YOU KNOW, JEREMY, IPON7 THINK I'VE i watchep football SINCE THE YAL£o HARVARD 6AME IN '57' HOLD ONTO YOUR. HAT, MRS. P' HERE COMES ANOTHER SURPRISE' mi y r 4 a A PRESENT? WHY, JEREMY, YOU A3SOLUISIY SHOULDN'T HAVE! ITS SOMETHING UJARM, I HOPE' -—sL TM NOT102 words
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MONEY AND EXCHANGES
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Article105 1988-12-17 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****T 16.03.89 3.90 3.85 6 months BY*****Z 23.03.89 3.90 3.85 1 year BY*****H 23.11.89 4.32 4.27 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BIO OFFER HIGH105 words
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Article1423 1988-12-17 4 CURRENCY FUTURES OPTIONS Friday, Dec 16, 1988 DEUTSCHE MARK (SIM EX) Jan M calls High Low 54 55 54 182A 57 58 37A 59 ISA 60 -7A Sad 178 46 1« S Ji Htgh 368 868 1618 tn as puM Low Sag CAB 2 9 30 74 145 521,423 words
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Article168 1988-12-17 4 Gold futures on Dec 15, 1988 100 troy ounces. USS per troy ounce Open Lom MM Doc 421.70 422.00 418.80 421 JO 1.70 Jon 90 423JO 1 JO Fab 424.70 426.60 422.80 425.70 1 JO A»k 430.00 432.00 428.00 431 30 1 JO Jvn 434.00 437.80 434.00168 words
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Article353 1988-12-17 4 HONGKONG: Gold closed firmer in moderate trading yesterday with light buying orders from local and Singapore investors following the mild recovery in platinum. Bullion ended at U*****.60/414.10 an ounce against an initial U*****.80/413.30 and compared with New York's close of US$4l2 50/413 00 On the local market, gold353 words
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Article64 1988-12-17 4 THE OVERNIGHT rate on the Singapore money market rose 1/4 point to close at 5 per cent yesterday. One month rose 1/8 point, two months rose 1/16 point and three months was unchanged. S$ Interbank rates at the close yesterday OFfH NO On> 3 4 7/8 1-monrtt S64 words
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Article480 1988-12-17 4 Reuter Speculation that the US would raise its discount rate caused Eurodollar futures to weaken on profittaking and liquidation in active trade on Simex yesterday. December Eurodollar fell to 90.43 from Chicago's 90.47 and March to 90.52 against 90 54 on turnover of about 18.435 lots In options. twoReuter - 480 words
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Article210 1988-12-17 4 IMM foreign currency futures ended sharply lower and near session lows on Thursday after plummeting on speculation the Federal Reserve may raise the 6.5 per cent discount rate soon While similar rumours had circulated in recent days, the talk gained force on Thursday following a string of interest rate210 words
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Article295 1988-12-17 4 ASIAN DOLLAR deposit rates closed higher in light trade yesterday, underpinned by a firmer US Federal funds rate and weaker bond prices, dealers said. Growing expectations that the US Federal Reserve may raise the discount rate soon also aided market sentiment. Among short-dates, the weekend rate closed295 words
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Article1329 1988-12-17 4 SINGAPORE: The Bundesbank raised its Lombard rate by 1/2 per cent to 5.5 per cent yesterday. in a coordinated round of European moves. The US dollar promptly rose on speculation that a Fed discount rate hike was imminent, fuelled by its failure to add reserves against a firm1,329 words
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Article, Illustration174 1988-12-17 4 lnd»cata« tha avaraga o( tha prima landing rates of 12 ma for banks In S'pora Interbank market rates (offer/bid) on Dec 16 us$ DM SWFC Y«n 7 daft 3/4 J/» >3 1} 3/4 5 3/16 1/16 J-4T/I 4 9/16 7/16 1 7/S 3/4 13 IJ 7/i S 15/16 13/16 5174 words
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BANKING AND FINANCE
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431 1988-12-17 5 US REGULATORS approved two new stock index futures contracts on Thursday, including the first based on a composite of equities issued by companies in different countries. The contracts, unanimously approved at an open meeting of the Commodity Futures Trading Commission431 words
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189 1988-12-17 5 UPI THE Asian Development Bank (ADB) has approved a US$lOO- loan to finance road construction in South Korea and an US$B-million supplementary loan to modernise Nepal's international airport. The bank also announced on Thursday that the South Korean government had informed theUPI - 189 words
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351 1988-12-17 5 Bernama. THE CO-OPERATIVE Union of Malaysia (CUM) has expressed its dismay that no comprehensive and workable solution has been taken by the government to resuscitate the Co-operative Central Bank (CCB). CUM said in a statement issued in Kuala Lumpur that itBernama. - 351 words
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126 1988-12-17 5 AFP THE TAIPEI GOVERNMENT is re-considering its decision to allow US insurance companies to invest in the local stock market. The finance ministry in Taipei announced on Oct 22 that it would let local branches of US insurance companies invest inAFP - 126 words
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61 1988-12-17 5 AFP THE FIRST US-South Korean insurance joint venture will start operation in early 1989, a company spokesman said in Hongkong on Thursday. The venture involves USbased AEtna Life and Casualty, and the South Korean Dongbu Group, one of the country's largest business conglomerates. The AEtna groupAFP - 61 words
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328 1988-12-17 5 Reuter WEST GERMANY'S central bank, the Bundesbank, has raised a key interest rate, triggering another day of rate rises by Western European authorities worried about inflationary pressures. In a move widely anticipated by financial markets, the Bundesbank said its Lombard rate would rise byReuter - 328 words
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Article, Illustration435 1988-12-17 5 LEONG WEN WEH - By LEONG WEN WEH DBS BANK will soon set up a joint venture bank in Xiamen in China s Fujian province with five partners The partners are the Agricultural Bank of China. International Finance Corporation (an affiliate of the World Bank),435 words
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363 1988-12-17 5 Reuter MAJOR JAPANESE BANKS are using the threat of European Community integration to back their push for abolishing Japan's barriers between securities and banking business, bankers said. Their argument that failure to reform quickly will isolate Japan in global markets and weakenReuter - 363 words
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COMMODITIES
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Article152 1988-12-17 5 THE price of tin closed six cents higher yesterday at M 519.81 a kg In moderate trading, reflecting a higher European spot market Increased buying from Europe, Japan and locally was noted, as sen- timent was mainly encouraged by a smaller local premium over the price In London152 words
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Article270 1988-12-17 5 RAS prices In S eent«/kg, FOB In bales NOON CLOSE lot 1 RSS Prompt Buyers Sellers Buyers Sellers 201.50 202.50N 204.00 205.00N Int 1 RSS ion 88 203.00 204.00N 205.50 206.50N Int 1 RSS Feb 205.50 206.50N 208.00 209.00N Int 2 RSS OP 198.50 200.50N 201.00 202.00N270 words
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Article273 1988-12-17 5 SINGAPORE: Rubber prices ended marginally higher yesterday with January 1 RSS buyer quoted at 205.50 cents a kg. up 0.50 cent from Thursday's close Prices were slightly higher in quiet morning trade and they rose further in the early afternoon on some speculative buying interest. But they eased off273 words
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Article194 1988-12-17 5 SOYBEANS closed lower on the Chicago Board of Trade on Thursday with late pressure linked to losses in CBT soyoil and reduced gains in meal. Soyoil was lower on scattered commission house and professional selling, while meal edged off highs on commercial and commission house selling. January194 words
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Article84 1988-12-17 5 (c«H»»/IIQ) JANUARY 1989 FEBRUARY 1989 (current month) (forward month) RAS NOON kyari S*ll*n NOON Bvy*n S*ll*rt SSR 20 189 00 191.00N 189.00 191.00N SSR 50 187.00 I89.00N 187.00 I89 00N MRELB Buy»r» tvycn S*H*r> SMR CV 307.50 309 50N 309 50 311 SON SMR I SMR 584 words
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Article148 1988-12-17 5 Telerate Talk for fuel oil continued in the Singapore market yesterday. The volume of trade remained thin but quite a few sellers were seen offering CST-180 and even Venezuelan CST--380. Prices in the short term are seen as sta-ble-to-soft in view of the increased supply ofTelerate - 148 words
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Article337 1988-12-17 5 MALAYSIAN CRUDE PALM OIL FUTURES hit by late profit-taking and coupled with the continuing sluggish demand, finished slightly easier in active trading yesterday. MALAYSIAN crude palm oil prices closed lower yesterday. December central region fell Mslo to MJ962 50 a tonne while south lost Ms 7 50 at337 words
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Article166 1988-12-17 5 Chinese Produce Exchange S#ll*r$' noon dosing prices on Doc 16 (SS/100 kg) Coconut oil Buik FOB 113.00 OM drum FOB 123.00 New drum FOB 127.00 Copra Mix«d (loot*) 66 Pepper MurWok whrte FOB NLW 715.00 Sarawak wMt* FOB faq NIW 705.00 Sarawak special block FOB KU.W 457.50 Sarawak166 words
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Article287 1988-12-17 5 London Commodity Exchange &uy*r/S*ll«r closing prices on Dec 1 5, (£/tonne unless specified). Previous closing prices in parenthesis. Coffee bash In-ttore London, option OF London Jan 1130/1132 (1122/1123) High/Low 1139/1123 Mar 1141/1142 (1 28/1129 High/Low 1145/1133 Sales (5037) Cocoa Dec 794/798 (788/789) High/Low 803/790 Mar 828/829 (820/821) High/Low287 words
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Page 5 Advertisements
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PERSPECTIVE
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Article510 1988-12-17 6 IT IS NOT OFTEN that people stop to think of the plight of a dead language. A dead tongue is far more jealous than a dead man. The latter, unless he is a saint or a philosopher, feels like touching out to his family, his life510 words
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Article, Illustration1041 1988-12-17 6 AP FROM THE refuse-strewn beaches of the United States to the floods that ravaged Bangladesh, nature seem this year to be delivering a warning to mankind after decades of human abuse. "1988, in a sense, is the year the Earth spoke back," said USAP - 1,041 words
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Article, Illustration738 1988-12-17 6 FLORENCE CHONG - By FLORENCE CHONG HORTICULTURIST Dr Ooi Soi Chai offered his VIP guests a taste of abiu, and then anxiously awaited the response. Much to his delight. Prime Minister Lee Kuan Yew. Mrs Lee and their daughter, Dr Lee Wei Ling, were suitably impressed with the exotic738 words
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Article117 1988-12-17 6 R Mortis - Letter to the Editor R Mortis Dear Sir, Orchard Square always presents a difficulty with each proposed solution And so far, each solution has eliminated the actual notion of an open square by totally filling it with new building blocks Can we not have a real square117 words
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Page 6 Advertisements
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Advertisement425 1988-12-17 6 ADVERTISEMENT The business magazine people are talking about SINGAPORE n iKuAPO'Xi rj i ftyz —w J Local toy boys move into high-tech gear AN FROM SINGAPORE BUSINESS WITH LOVE Whiz! Bang! Brrrr!Toys are supposed to reflect real life, right? Well, two features of real life in Singapore are high technology425 words
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Page 6 Miscellaneous
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Miscellaneous38 1988-12-17 6 i think you'd Beurong\ TO cncoURRGG, vouß NepMeu) TO &&T joe> U»OR<INO forthc cHesTeR Pe-RRv OJ?grniSrt,on J I COULD .MTRODOCE Him TO ONO OR Tu)o USOFOL CoNTpCfS BUT iw not \G>QiMG> To. J -ONce \/ou oP£N thp floodgates38 words
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Executive Lifestyle
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Article, Illustration1235 1988-12-17 7 JAIME LYE - By JAIME LYE IS THE WEEK before Christmas J and all through the city, all the creatures are stirring, from H Woodlands to Bishan. To Or- chard Road they go, with their wallets in tow, for they know that St Nicholas will soon1,235 words
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Executive Lifestyle: Christmas
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Article1683 1988-12-17 8 N K YONG - Offline i By N K YONG WITH THE IMMINENT descent of Christmas, and soon of New Year and Chinese New Year, it is time to stock up on wines. For starters, how about champagne? It is the perfect aperitif, the perfect drink with which1,683 words
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Article252 1988-12-17 9 ONE PARTICIPANT at a course on "effective stress management" could not decide whether the course was not good enough or too good. Perhaps she has a lot more to learn. After attending the first session, on a Friday, she suffered a migraine headache during the weekend.252 words
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Article, Illustration1354 1988-12-17 9 SANGEETA MULCHAND - By SANGEETA MULCHAND YUP, it's that time of the year again when the question of what to eat/what to serve' is back in vogue in all respectable polite circles. The NOUVEAU RICHIES discuss it over facials and manicures "Oh dahhrling, I have absolutely no1,354 words
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Article, Illustration1242 1988-12-17 10 MONICA GWEE - By MONICA GWEE WELCOME back to th 6 6nd of year quandary what to give for Chriatmaa? Love, certainly, a large abundance preferably, goodwill, warmth, a generosity of spirit, a thought spared for those whose hearts and spirits are low. Generosity is a curious thing, especially ifPhotography by Adrian Tan, styling by Peter Yao, both from Tha Shooting Gallery photography - 1,242 words
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Article, Illustration867 1988-12-17 12 MONICA GWEE - By MONICA GWEE THE THING about Christmas away from home is how people try to re-create that funny feeling that starts in the pit of the stomach sometime in December. It is a hungry tug of sorts, rooted entirely in the memory of Christmases past.867 words
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Article, Illustration842 1988-12-17 13 WALTON MORAIS - By WALTON MORAIS SO. YOU WANT to know what to do on Christmas night? Frankly, if you ask me. Christmas is meant to be spent with the family. Midnight service followed by wine and cakes. Ah. those were the days. But then, who am I842 words
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Article648 1988-12-17 13 Bridge THOUGH there was no douot that the SCBA "B" would emerge as the champions of the Inter-club League this year, not many bargained for the number of surprises that the finals produced a fortnight ago at the Tanglin Club. Tanglin Club which was648 words
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Article650 1988-12-17 13 Juanita Shakila - Compiled by Juanita Shakila CINEMA: Die Hard starring Bruce Willis. Alan Rickman, Alexander Godunov and Bonnie Bedelia. Showing at Cathay: 10.30; 1.15; 4; 6.45; 9.30. Who Framed Roger Rabbit starring Bob Hoskins. Showing at Orchard: 11; 1.30; 4; 6.30; 9.15. Willow starring Val Kilmer, Joanne Whalley, Warwick Davis, Billy650 words
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621 1988-12-17 13 SHOEB KAGDA - By SHOEB KAGDA WE MAY NOT have snow but one can still experience the Christmas spirit with a traditional Christmas Eve dinner with all the trimmings. Local hotels are out on a rampage to attract hungry Singaporeans with meal packages that will621 words
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Article, Illustration580 1988-12-17 14 MICHELLE OH - By MICHELLE OH THEY CALL IT the spirit of giving of giving headaches that is. Particularly when the giver is faced with the perennial problem of what to give the person who seems to have everything. Short of leaving everything up to580 words
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Executive Lifestyle: Personal Investment
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Article, Illustration911 1988-12-17 15 ROSIE TAN - CURRENCIES BECinnER'5 CDFtnER fi By ROSIE TAN LAST WEEK, Beginner s Corner discussed the various ways you can earn a return by depositing your savings in Ss-denominated bank accounts. This week, we look at other ways of investing in money. One simple way to make profit911 words
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Article, Illustration367 1988-12-17 15 RAMESH CHANDIRAMANI - ®3Pf- RAMESH CHANDIRAMANI, dmal»r/analy»t with G K Goh (Stockbroker*) Ptm Ltd THE LOCAL MARKET has behaved quite listlessly over the past three months, undecided whether to go up or down. Confusion has reigned and most investors have sought refuge on the sidelines. The market is only asSource: Investamatic - 367 words
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549 1988-12-17 15 LORETTA McLAUGHLAN - mm By LORETTA McLAUGHLAN EVER SINCE Singapore Land announced its planned rights issue of loan stock with detachable warrants last month, investors have been calculating the pluses and minuses of the issue. The equations have been made trickier than usual because the price549 words
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470 1988-12-17 15 COMMODITIES PRECIOUS METALS should drift a little lower, says David Fuller in his latest Fuller Money newsletter. Gold, according to Mr Fuller, should drift sideways to slightly lower. The precious metal did well in rallying back to US$425 per ounce, helped by the470 words
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677 1988-12-17 15 KEVIN GWEE - US ECONOMY By KEVIN GWEE SINCE the victory of Mr George Bush in the November US presidential elections, the American stock market and currency have come under heavy downward pressure, falling between five and 10 per cent. The US dollar is at its lowest level against677 words
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Executive Lifestyle: Sports
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528 1988-12-17 16 MIKE THUMBA - BRIDGE By MIKE THUMBA A PROPOSAL to set up a Singapore Bridge Federation incorporating clubs and societies, is expected to be opposed by the national body at a special meeting to be held this afternoon. The Singapore Contract Bridge Association objects528 words
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Article90 1988-12-17 16 SWIMMING AP TAMAS DAUTSCH, 19, of Hungary won the first race of the World Cup swimming season in Toronto and added a second backstroke victory on Thursday night to become the first swimmer to take a lead in points standings on the new circuit. He made World CupAP - 90 words
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220 1988-12-17 16 AMERICAN FOOTBALL NYT PARDON Marty Schottenheimer for blinking twice, but this looks much too familiar, much too painful. In a season marked by an early rash of quarterback injuries, many of the teams that remain in playoff contention are led by quarterbacks who recuperated quicklyNYT - 220 words
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532 1988-12-17 16 JEROME FANDOR - on With JEROME FANDOR SINCE his return to training, Ivan Allan has saddled 26 winners including the winners of the Gold Vase and the MRA Cup. With the season winding down, it is unlikely that Allan will finish in the money this year but his532 words
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237 1988-12-17 16 GOLF AP DESPITE a nine-point lead, Ben Crenshaw, the US PGA team captain, said he and his teammates did not have the US$l-million Kirin Cup World Championship of Golf wrapped up. "We hope we can continue to play well, and we can'tAP - 237 words
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Article, Illustration395 1988-12-17 16 TENNIS UPI IF THE Davis Cup championship comes down to the final match, the tennis year could end in spectacular fashion with a meeting between Mats Wilander and Boris Becker. Sweden, playing in its sixth successive final, will be seeking its fifthUPI - 395 words
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Article423 1988-12-17 16 BOXING UPI AFTER five postponements, heavyweight champion Mike Tyson's title defence against Britain's Frank Bruno is on again, this time for Feb 25 in Las Vegas. Nevada. "I'm back," Tyson declared on Thursday, promising no more delays. Promoter Don King, who appeared with the fightersUPI - 423 words
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Article, Illustration203 1988-12-17 16 AP EVANDER HOLYFIELD. the unbeaten. undisputed cruiserweight champion, will fight Michael Dokes. a former heavyweight champion, in a scheduled 12round bout in March at Caesars Palace in Las Vegas, it was announced on Thursday. Rich Rose, president of Caesars World Sports, said the fightAP - 203 words
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Article, Illustration327 1988-12-17 16 BASKETBALL AP THE MAGIC is still there but, for now. the usual excitement and Larry Bird are gone from the National Basketball Association's marquee matchup The Los Angeles Lakers and Boston Celtics the two winningest franchises in league history were due to meet last nightAP - 327 words
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Page 7 Advertisements
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Advertisement22 1988-12-17 7 w *s mr> •y 'W > Turn to the next page for more on what the folks will be stuffing their stomachs with22 words
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Advertisement8 1988-12-17 7 Straw* in the Wind Is on Page 9 ;)}/$>=$+-'!,?>*?}(&.='<)?{:;(/8 words
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Page 8 Advertisements
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Advertisement218 1988-12-17 8 Where to entertain. I*/ k W4 A magical drink made for two. Light, dreamlike and fruity. Available at all restaurants and bars from December 1. A Christmas special. Royal Singapore The b€Si looking High Tea in (own... fim Savour High Tea from 3 pm every Saturday with a generous buffet218 words
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Advertisement314 1988-12-17 8 Season for Partying and Merry-making Christmas Eve 24 Dec '88 DONDANG SAYANG 24 hrs Set Dinner -7pmto 11 pm Novelty sets for all diners, 1 glass of complimentary wine. Entertainment by The Vintage/Edmund Tan $38' adult $18' child under 12 CAFE BOULEVARD 24 hrs Set Dinner -7pmto 11 pm Novelty314 words
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Advertisement132 1988-12-17 8 THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy o gourmet buffet luncheon of on ungourmef pnce l For starters take your p«ck of our cokJ dishes prawns on ice fresh oysters smoked salmon melon and dried ham. vegetable temne mixed seafood salad cooked assorted vegetables ana homemade dressings Select your132 words
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Advertisement336 1988-12-17 8 Sunday Family Affair SET LUNCH 4 PERSONS AT $60.00+ Tom Yam Soup Spicy Seafood Combination Chicken on Hot Plate Theatre Noodles Thai Water Chestnut 6 PERSONS AT $90.00- Braised Shark's Fin with Shredded Chicken Spicy Seafood Combination Chicken in Lemon Sauce Young Kai Lan Hongkong Noodles Chilled Sago with Honeydew336 words
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Advertisement215 1988-12-17 8 Public Western and nee* beet steak with oyster sauce roast rib of beef carrot cake beryani rice nonya kueh mango pudding fresh fruits chocolate mousse and much, much morel eHfTT: Singapore 0923. Td: *****11 HAOTiGS COFFEE GARDEN FESTIVE BUFFET LUNCH: 24th. 25th, 26th. 31st December 1988 I st, 2nd January215 words
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Page 9 Advertisements
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Advertisement214 1988-12-17 9 übertua 13 I »>"• So much to choose for only $21.50 A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection superb pastries, truffles, tortes cheese board, fresh fruit...freshly brewed coffee All for $21.50 And for $27.50 you can add a roast or a214 words
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Advertisement63 1988-12-17 9 Treasure Hunt The hunt is over... but we're still flying high. To the 12 intrepid (and incredibly lucky) treasure hunters who will be flying off on the AIR MAURITIUS Kenyan Safari Holidays... Congratulations! And to those of you who didn't find the bootv... we toast your spirits of adventure. With63 words
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Page 10 Advertisements
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Advertisement56 1988-12-17 10 Of matched THE PERFECT NED HIDE FINISHED BY F NO COMPANION BY DUN TSfIH •08-1 1 'r* :;< Everything that carr beauty and be both useful ai most supple of leathers The Cambridge l individual pieces of distincti are of gunn m v i »>i -,A to* Sf 4MXIFWS M56 words
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Page 11 Advertisements
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Advertisement18 1988-12-17 11 ance i 1 i m i r< VI I PARIS Lancel Boutique: 435 Orchard Road, #02-28/31 Wisma Atria.18 words
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Page 12 Miscellaneous
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Miscellaneous1612 1988-12-17 12 SLOTS TO WATCH Life in a military school and in the boxing ring Movies THE FIRST black cadet at military school (Mark Brendan) who is systematically tortured by an underground society, "The Ten" finds a champion in a senior officer (David Keith) in Thm Lord* of Discipline. Good performances all1,612 words
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Miscellaneous992 1988-12-17 12 SATURDAY /|wvjl BBC BAM Newshour. 7.00 World News. 7.00 Commentary. 7.15 From the Weeklies. 7.30 Multitrack 3. 0.00 Newsdesk. 0.30 Personal View 0.45 Recording of the Week 0.00 News Summary followed by Outlook. 0.25 Financial News 0.30 Classical Record Review 0.50 New Ideas. 10.00 World News. 10.00 British Press Review.992 words
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Page 13 Miscellaneous
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Miscellaneous794 1988-12-17 13 CRYPTIC PUZZLE ACROSS 9 Leaving, it's not necessitating a detour (2. 4. 3) 10 Signal that means No Brown Windsor today"? (3. 5) 12 Not wanting a great deal (a little hard, that) (4) 13 Verbal excuses, if you don't mind! (6) 14 Birds with fur instead of feathers? (7)794 words
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Page 14 Advertisements
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Advertisement49 1988-12-17 14 V I i A■.* r til*. Vi ffi. s A > 'H- >, ml •B M?-~> > <■ I V>: .V--:>i. J'> f-i-r V -v; >■• -■A «ap HP A t: ~A .-f .^>7 H-m 1 <*,:, X. V 3 V LINK Available at *02-24 Mandarin Heel OnJiard RoaH Suvppore49 words
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Page 15 Advertisements
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Advertisement25 1988-12-17 15 BT welcomes investment ideas and viewpoints from readers. Address correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923. I I'25 words
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Advertisement160 1988-12-17 15 1 -V HOW GREAT PACIFIC FINANCE CAN BROADEN YOUR HORIZONS. We know how it feels when you're on the way up. Sometimes, the monev in vour pocket just doesn't quite 1 p, llke to more P ul tir/ J r the Pleasure Craft I.oan Scheme match your dreams Which is160 words
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Page 16 Advertisements
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Advertisement83 1988-12-17 16 Keep a date with Sevvy Ballesteros in "Play Golf the Sevvy Way" every Tuesday in BT 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, horse-racing, tennis, bowling,83 words
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COMPANIES & STOCK MARKETS
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Article, Illustration627 1988-12-17 17 msm mm*** By HOCK LOCK SIEW A BOARDROOM tussle could be looming at Apollo Enterprises, a scenario that grows ever more plausible with the events of the past few weeks. King's Hotel, just next door to the Apollo in Havelock Road, has emergedBy HOCK LOCK SIEW - 627 words
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280 1988-12-17 17 Reuter THE HONGKONG Shanghai Banking Corp is to sell its shipping interest to Sir Y K Pao. The bank is also to take 5 per cent of Hongkong International Terminals' container operations at Kwai Chung for HK5662.5 million. Family interests associated withReuter - 280 words
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343 1988-12-17 17 RALEIGH BHD's cash offer for Berjaya shares may not fully reflect the underlying potential of Berjaya, given the strong growth expected for its core businesses Independent adviser Rakyat First Merchant Bankers has thus asked Berjaya minority shareholders to reject Raleigh's cash343 words
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Article, Illustration564 1988-12-17 17 MAGDALENE NG - Pre-tax profit derived mainly from soft drinks By MAGDALENE NG FOOD AND BEVERAGE group Fraser Neave has chalked up sales of over $1 billion for the first time in its history. The record turnover, up 23.5 per cent from $810.85 million previously,564 words
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154 1988-12-17 17 AVIMO SINGAPORE has set up a wholly-owned subsidiary to take over the assets of FJW Industries (Singapore), formerly a high precision commercial optics manufacturer. The subsidiary, Avimo Precision Optics, has an authorised and issued capital of $500,000 It will154 words
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Article, Illustration853 1988-12-17 17 P Y Chin - By P Y Chin THE Kuala Lumpur Stock Exchange (KLSE) annual general meeting tomorrow is expected to be an exciting and noisy affair. The central issue of debate is the proposal to amend the rules of the Exchange to accommodate the appointment853 words
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Article162 1988-12-17 17 HONGKONG-BASED Pinemount Development Ltd is extending its HK$llO million bid for Malay-sian-controlled property company Asean Resources. So far, Pinemount has received only 6 per cent acceptances from Asean shareholders who were urged to wait for independent advice from BT Asia (HK) Ltd. which had been appointed to162 words
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Article627 1988-12-17 17 BONDS, LOANS WARRANTS Company Eiptry/ Coupoti Conversion period Conversion term for one ordbwfy maturity data (%> payable •bare CK Tong Wm *****990 Anytime to Moy 31, 1990 1 warrant plus $225 cash Chuon Hup Wm 1991 Anytime on or after Mar 1987 1.6 warrants plus $1.60 cash until Dec 31.627 words
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SES
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Article, Illustration1156 1988-12-17 18 JOCELYN TOH - by JOCELYN TOH TRADING on the Singapore stock market remained sluggish after negative signals sent out by the major markets New York and Tokyo kept investors away. Share prices drifted aimlessly for most of the day before closing marginally lower. The Straits1,156 words
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Article129 1988-12-17 18 CHUAN HUP HOLDINGS Ltd: 18th AGM at Enterprise Room, 4th Floor, Westin Stamford, Westin Plaza, 2 Stamford Road on Monday, Dec 19, at 10.00 am METAL CONTAINERS Ltd: 18th AGM at The Registered Office. 15 Scotts Road, #05-01, Thong Teck Building on Tuesday, Dec 20 at 10.30 am.129 words
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Article50 1988-12-17 18 Company OTHERS Ind Oxygen Restrcted oH#r for sal* by Pegi Ms.a ot 5». 179.750 ordinory shores ot SO cenR eoch in lOl lO'ler Shore) on the bosis of Oft»r Shore for ewery 4 shores held o» 65 cents par Offer Shore En-date Dec 6 Books close Dec 2250 words
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Article325 1988-12-17 18 Company RIGHTS ISSUE C t Holdings 27 mllion loon stocks m 'he ratio of $3 Icon stock for every ordinary shor« held 0 C Bonk One-'or-two $0 75 per star* Duta Cons One- or one $1 10 per shore F A C B One-for one $0 60 per325 words
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Article5599 1988-12-17 18 1988 High Low Tal Cod* Company Laat Sale DEC 16 orVol Day 000) High Low Laat Quote Buyer Salter Gr's Dlv Dlv Cw Gr's Y'ld Net P/E M Cap $mll SECTION ONE INDUSTRIAL COMMERCIAL 141 85 218 167 135 460 209 350 129 167 177 297 595,599 words
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KLSE
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Article, Illustration3288 1988-12-17 19 MBT SHARE PRICES were dealt lower across the board on the Kuala Lumpur stock market yesterday in sluggish trading with business volume slipping to below seven million units. A handful of counters bucked the downtrend but the extent of their advances was mostly marginal. Continuing theMBT - 3,288 words
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REGIONAL MARKETS
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337 1988-12-17 20 Minority holder threatens legal action AFP HONGKONG-LISTED Bond Corp International Ltd's privatisation plan may hit snags as a company minority shareholder has threatened to take legal action to oppose the buy-out, market analysts said on Thursday. Solicitor Leslie Simon hit local newspaper headlines onAFP - 337 words
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189 1988-12-17 20 FT PERTAMINA, Indonesia's state oil company, has reported gross profits of US$3l3 million for the year to March, more than double the 1987 result and the company's best year since it almost bankrupted the country with accumulated debts of US$lO billion in 1975. Faisal Abdaoe,FT - 189 words
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104 1988-12-17 20 Reuter RODNEY ADLER. 28. has replaced his late father Larry Adler as the chief executive officer of FAI Insurances Ltd but declined an offer to become chairman of the group. FAI said in a statement. Larry Adler, who held both positions, died atReuter - 104 words
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258 1988-12-17 20 Reuter JAPAN AIR LINES Co Ltd (JAL) is prepared to file suit in US Court if the US Department of Transportation bans JAL from issuing tickets through computerised booking systems in the US. a company spokesman said. The department's preliminary decision thisReuter - 258 words
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Article, Illustration525 1988-12-17 20 Tokyo Reuter TOKYO share prices took a roller coaster ride yesterday, plunging at midday partly on rumours that Emperor Hirohito had taken a turn for the worse, and recouping much of the lost ground on news that his condition was little changed, brokers said. The Nikkei indexReuter - 525 words
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Article, Illustration525 1988-12-17 20 Australia Reuter A FALLING Japanese stock market, disappointing Australian trade figures and falling gold and platinum prices triggered off sharp slides in share prices yesterday The mid-morning release of a worse-than-ex-pected November current account deficit of A 51.55 billion prompted a wave of selling due toReuter - 525 words
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Article, Illustration1379 1988-12-17 20 Hongkong HONGKONG STOCKS drifted lower yesterday afternoon on a lack of fresh incentives, allied with interest rate concerns, in quiet, pre-holiday trade but still closed slightly stronger, dealers said. "A tighter local money market and fears of an early increase in the US discount overshadowed1,379 words
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Article485 1988-12-17 20 Reuter THE TAIWAN stock market. flooded with sell orders but with very few buyers, continued to drop yesterday as the index closed at its lowest since July, dealers said. The weighted index fell 274.01 points, or 4.7 per cent, to close at 5.***** compared with Thursday'sReuter - 485 words
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Article62 1988-12-17 20 Reuter MANILA share prices rebounded in active trading yesterday as investors took positions in anticipation of a stronger economy next year, brokers said. The Manila Stock Exchange composite index rose 5.15 points to 779.28 points. The combined volume fell slightly to 1.41 billion shares worth 92.06 millionReuter - 62 words
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Article203 1988-12-17 20 Reuter SEOUL STOCKS dropped for the second consecutive day yesterday but the composite index still managed to stay above the 900 barrier broken early this week, brokers said. The market opened to follow Thursday's downward trend, with the index dropping 11 points in early trading. However,Reuter - 203 words
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Article156 1988-12-17 20 Reuter THE SECURITIES Exchange of Thailand Index fell 2.96 points to 381.21 yesterday on a turnover of 4,011,465 shares worth 259.87 million baht. DCC 16 1 IAMT Ao Kham Thai 316 Ayudhya Invaatmant 35 Bangkok Aground 98 Bangkok Bank 271 Bank Of Ayudhya Charoong Thai Wlra 316Reuter - 156 words
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Article146 1988-12-17 20 Reuter NEW ZEALAND share prices closed lower yesterday after an initial rally as buyers remained cautious about the impact of the sacking of Roger Douglas as Finance Minister on Wednesday. The Barclays Index eased 5.19 to 1,791.13. "The buyers were more cautious than they had been. ThereReuter - 146 words
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Article183 1988-12-17 20 Reuter BOMBAY share prices dropped sharply in low volume yesterday as dealers stayed on the sidelines in advance of next week's Christmas holidays. Brokers said negligible support from the state-owned financial institutions for the second successive day depressed the market after it opened higher. Prices fell notReuter - 183 words
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WORLD MARKETS
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Article, Illustration824 1988-12-17 21 r New York Reuter US STOCKS closed lower for the second consecutive session on Thursday, as expectations grew that the Federal Reserve would raise the discount rate. Caution ahead of the "Triple witching" expirations kept many investors sidelined as well, traders said The expiration of certain indexReuter - 824 words
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Article, Illustration1004 1988-12-17 21 London Reuter A RALLY in the insurance sector sparked a sharp upturn in the wider market at the official opening in London yesterday, but traders did not expect the gains to hold. Commercial Union (CU) added 10p to 337, Sun Alliance 13p to 964 and GeneralReuter - 1,004 words
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Article1921 1988-12-17 21 Reuter MILAN: Italian shares closed slightly higher yesterday after a sluggish start, with Montedison, banks and insurers among the strong performers, dealers said The MIB index edged up five points, or 0 42 per cent, to finish at 1,185 The MIB slipped 0 50 per cent forReuter - 1,921 words
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Article, Illustration769 1988-12-17 21 Airline to take 25pc stake in Airlines of Britain Holdings Reuter SCANDINAVIAN Airlines System (SAS) has scored a major coup in its plans to build a second major hub in Europe, with an announcement of a near 25 per cent stake in the privateReuter - 769 words
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Article, Illustration490 1988-12-17 21 UPI THE US GOVERNMENT has offered Drexel Burnham Lambert inc a chance to pay US$75O million and plead guilty to five felony counts in a deal that would allow the brokerage firm to avoid an indictment on racketeering charges. The Wall Street Journal reportedUPI - 490 words
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199 1988-12-17 21 Reuter NATIONAL SEMICONDUCTOR Corp president and chief executive. Charles Sporck, said the company remains cautious regarding its economic performance for the third quarter and the second half of its 1989 fiscal year ending May 1989. The integrated circuit manufacturer earlier reported a sharp earnings declineReuter - 199 words
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Page 17 Advertisements
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Page 17 Miscellaneous
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Miscellaneous21 1988-12-17 17 /r'£ 77?V£-. £.3. £>/£> gr/yg' 7& cf A/C&SMUCA/.. 1 fa d&L 77/ett A££ &VLC/TWO &&Z/36& £>P£AA/Ar/{W£.. <*&» Hzby Martell ?P&/?£'£ crsU/ ON£ 11121 words
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Page 20 Advertisements
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Advertisement377 1988-12-17 20 NOTICES IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF LONGER CONTINUOUS SERVICE PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final General Meeting of the Members377 words
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Advertisement441 1988-12-17 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HUP CHEONG REALTY (PRIVATE) LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company duly convened and: held at No. 1 Chia Ping i Road. Singapore 2261 on the 15th day of December441 words
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Advertisement447 1988-12-17 20 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 EQUIPMENT TECHNICAL SERVICES (SINGAPORE) PTE. LTD. MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the Ist day of December 1988 the following special resolution was duly passed: "That Equipment Technical Services (Singapore) Pte. Ltd. be wound447 words
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Advertisement6 1988-12-17 20 On target, Chart Point every Saturday6 words
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Page 21 Advertisements
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Advertisement5 1988-12-17 21 Stockholm prtc«a were not available5 words
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Advertisement100 1988-12-17 21 (gp PHILLIPS PETROLEUM INTERNATIONAL INC. NOTICE This is to advise that, with effect from 1 January 1989, all businesses of the Singapore branch of Phillips Petroleum International Inc ("PPD") will be taken over by PHILLIPS PETROLEUM CHEMICALS ASIA PTE LTD. ("PPCA M ),with the exception of all outstanding accounts due100 words
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620 1988-12-17 22 UPI ASEAN economies have improved remarkably in the past few years with some thanks to the US, and they would like to keep it that way. officials said in San Francisco. Washington-based representatives of Asean on Thursday completed a mission to California in which theyUPI - 620 words
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251 1988-12-17 22 Reuter ASIAN economies are expected to have another good year in 1989 though growth may slow in some of them, says a Japanese government agency. "The economies of this region will expand smoothly in 1989," the Institute of Developing Economies said in a study. "SouthReuter - 251 words
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95 1988-12-17 22 Bernama THE KELANTAN government will ask the Federal government to step in if efforts to overcome the constitutional crisis in the state come to a dead end, Chief Minister Tan Sri Mohamed Yaacob said yesterday. "We will study developments in the next one orBernama - 95 words
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246 1988-12-17 22 AFP Reuter ASEAN has proposed that a Cambodian national army formed as part of a peace plan be initially placed under international control. Datuk Yusof Hitam, secretary--general of the Malaysian Foreign Ministry, said in Kuala Lumpur yesterday that the 40,000-strong army, together with international peace-keepingAFP; Reuter - 246 words
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Article, Illustration249 1988-12-17 22 THE RULING by the Singapore Court of Appeal that the government's executive discretion under the ISA can be subject to judicial review represents a clear change in the law, said Brigadier-General (Res) Lee Hsien Loong B G Lee, who is249 words
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386 1988-12-17 22 Reuter SOUTH KOREA, once one of the world's biggest borrowers, is expected to turn net creditor next year From being the world s fourth largest debtor in mid-1986 owing U5547.4 billion. South Korea's outstanding foreign debt should drop well below US$3O billionReuter - 386 words
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Article124 1988-12-17 22 Reuter THE SOUTH KOREAN Parliament yesterday approved President Roh Tae-woo's choice of prime minister in spite of protests by Opposition members, who described Mr Roh's Cabinet reshuffle as unconstitutional. The three Opposition parties control the 299-member National Assembly but the smallest, the New Democratic RepublicanReuter - 124 words
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Article90 1988-12-17 22 Bernama THE MALAYSIAN Supreme Court yesterday rejected an appeal by Internal Security Act (ISA) detainee Karpal Singh against the Ipoh High Court decision dismissing his second application for a writ of habeas corpus seeking his release from detention. The court in Kuala Lumpur held that theBernama - 90 words
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LATE FILE
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Article69 1988-12-17 22 Bernama KELANTAN State Secretary Datuk Wan Muhammad Yusoff and State legal adviser Datuk Abdul Halim Muhammed will be retiring earlier than scheduled following the constitutional crisis in the State. Sources said that they had informed Chief Minister Tan Sri Mohamed Yaacob verbally of their desireBernama - 69 words
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Article40 1988-12-17 22 AP US WHOLESALE prices, pushed upwards by large increases for gasoline and home heating oil but restrained by a second straight month of stagnant food costs, rose a modest 0.3 per cent in November. APAP - 40 words
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Article44 1988-12-17 22 AFP CHINA has pledged to help Taiwan in joint defence of the Spratly islands. Hongkong Press reports said that the pledge had been made at a forum in Guangzhou attended by top Chinese Army officials and former Nationalist Kuomintang generals.AFP - 44 words
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Article52 1988-12-17 22 UPI, AFP HONGKONG will have to monitor its overheated economy carefully in the coming year as it faces rising inflation artiid political uncertainty, Governor Sir David Wilson said yesterday. He also pledged that the government would ensure "a high degree of autonomy" for Hongkong after 1997.UPI,; AFP - 52 words
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Article40 1988-12-17 22 Reuter A MINISTER, who sparked a major row by saying that most of Britain's eggs were contaminated, resigned yesterday. A government spokesman said that Prime Minister Margaret Thatcher had accepted Junior Health Minister Edwina Curries resignation. ReuterReuter - 40 words
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Page 22 Advertisements
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Advertisement40 1988-12-17 22 ut #(/2 y f/()f) W'isrna Atria, f■»s On bard Roail Stnt>a/>ore Tel. i f )(>(> #OJ-/2 Shair (.entre. Scotts Road Singapore 1f)22 Tel Jjs X>ss CKRRUTIIBBI PARIS Sole Agent for Singapore Malaysia and linotei />restive Fashions Tie /td lei ■>* \S (>.SI40 words
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Advertisement6 1988-12-17 22 Vietnamese begin leaving Cambodia, PAGE 36 words
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Advertisement146 1988-12-17 22 >[?{!+'$(}>@*(,%+}!`;"?/`~*^/|/ "V iff i -3* > p .<< 'Tis the season to be merry. Celebrate with these St Michael's traditional favourites. Like Premier Cru Brut Champagne, a very dry wine made from the Chardonnay grape. For a sweeter alternative, try Rose Lambrusco, a medium sweet, slightly sparkling rose wine made146 words
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