The Business Times, 24 December 1988
1988-12-24
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The Business Times
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Title Section12 1988-12-24 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, December 24-25 1988 75 CENTS12 words
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Article239 1988-12-24 1 AP Dow up WALL STREET stocks gained in early trading with blue chips moderately higher. Traders said the rise came on thin volume and may have exaggerated the effect of light early buy orders. The Dow was ahead 6 points at 2166 and gaining issues led declinersAP - 239 words
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Article, Illustration207 1988-12-24 1 SINGAPORE stocks, led by blue chips and bank shares, rallied to a strong finish yesterday. The Straits Times Industrial Index ended the week on a merry note, climbing 8.68 points to 1024.82. The 40-stock Business Times Composite Index, which is more representative of the wider207 words
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Article125 1988-12-24 1 THE US dollar posted its second straight gain against the Japanese yen in Tokyo yesterday, closing 0.33 yen higher at 124.95 yen. It also finished slightly higher at 1.7752 West German marks. Trading was generally dull as market players were reluctant to place sizeable orders ahead125 words
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Article70 1988-12-24 1 Reuter THE VALUE of proposed investment by foreigners in Malaysia's electronics sector rose to M 5836.18 million in 1988 from M 5293.64 million in 1987, the Malaysian Industrial Development Authority said yesterday. Mida, the official agency charged with processing investment proposals, said that Japan was theReuter - 70 words
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591 1988-12-24 1 LILIAN ANG - Question of overcapacity in the long run By LILIAN ANG WEST GERMAN oil storage company, Oiltanking, is to invest $135 million over the next three years to build an oil storage terminal on Pulau Seraya. Its decision has raised the question of overcapacity as the591 words
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234 1988-12-24 1 Bernama SARAWAK will appeal to the Malaysian federal government to reconsider its decision not to allow Singapore Airlines (SIA) to fly to Kuching, State Environment and Tourism Minister Datuk Amar James Wong says. Saying the state needed the SIA flights for itsBernama - 234 words
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434 1988-12-24 1 AFP JAPAN'S ruling party rebuffed a no-confidence motion against the Takeshita Cabinet in the Lower House of Parliament yesterday and moved closer to passage of tax reform bills featuring unpopular indirect taxation. By a 286-191 vote, the House of Representatives killed the motion filed overnightAFP - 434 words
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Page 1 Advertisements
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Advertisement333 1988-12-24 1 Nikon The World'* Finest Photographic System. Business Times wishes all Christians A MERRY CHRISTMAS Than will ba no BT oa Monday. Publication will raaume on Tuesday. The New Paper THE NEW PAPER will be published on Monday, Dec 26. It will be available at newspaper outlets. bus interchanges. Times the333 words
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Advertisement8 1988-12-24 1 Full report, PAGE S Regional markets, PAGE 78 words
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Advertisement115 1988-12-24 1 Christmas Crosswords IT'S CHAMPAGNE TIME again for the best wordsmiths in town. We publish BT's traditional Christmas Crosswords contest in today's Executive Lifestyle. The first prize is a six-litre bottle of Laurent Perrier that will more than liven any party. Consolation prizes of three 75-ml bottles will ensure the winner115 words
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Advertisement71 1988-12-24 1 r Ths World's Finest Photographic System. r h A SI W r. >1 &£'Jm* y .i r << 7 ft 3* > in .#>• Christmas thoughts Pgs 11 13 Keeping track of soundtracks Pag* 14 Feasting without guilt Page 15 TV Mi Ram Weekend programmes and top slots Page 1671 words
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HOME NEWS
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388 1988-12-24 2 BOEY KIT YIN - By BOEY KIT YIN INVESTMENT in fixed assets by the service sector is estimated to hit $570 million this year, according to a review by the Economic Development Board (EDB). The sector will also spend about $260 million in the same year for388 words
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Article, Illustration465 1988-12-24 2 WILLIAM CHIA - By WILLIAM CHIA MAGNETIC HEADS manufacturer Sankyo Seiki (Singapore) has entered into a joint venture to produce quartz alarm clocks in India. The factory, to have an investment of $3 million, will stand on a 4,800-square metre site in the Surajpur industrial area, on the465 words
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330 1988-12-24 2 SHOPS. RESTAURANTS and service concessions at Changi Airport increased their business turnover by 24 per cent to $778.5 million in the year ending March 31, 1980, according to the 1988 annual report of the Civil Aviation Authority of Singapore (CAAS). Of all the330 words
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Article67 1988-12-24 2 ORCHARD ROAD will be closed tonight and on New Year's Eve from 7pm to lam the next day, a statement from the Public Works Department said. For motorists driving to the area, PWD said access to various car parks of the major buildings along Orchard Road is67 words
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Article127 1988-12-24 2 DONATIONS from the Shaw Foundation will be worth more than $3 million this year, bringing its total donations since 1957 to over $100 million. This year's annual donations will benefit about 300 charitable organisations. including cultural institutions and welfare homes such as children's homes and homes for127 words
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Article160 1988-12-24 2 MOTORISTS who filled up their car petrol tanks at Shell and Singapore Petroleum Company (SPC) kiosks last night found they had to pay slightly more Esso also raised its pump prices early this morning New prices for Esso Super XT will be 90 cents a160 words
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Article85 1988-12-24 2 PROCESSING FEES for normal trade documentation will double in the new year to $4. the first increase in 20 years A Trade Development Board statement yesterday said fees for processing normal trade documents such as import and export permits and certificates of origin are going85 words
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Article, Illustration472 1988-12-24 2 CARGO AGENTS, preparing to grow by "leaps and bounds", have called for more facilities and air capacity to cope with buoyant demand. Even an expected slowdown in the electronics industry has not dented the optimism in the industry, which believes that business from472 words
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Article1414 1988-12-24 2 AT CONVENTIOHAL WHARVES VmmI Bart h Arrival Departure KEPPEL WHARVES Kola Nago K32 otongsid* 29 12-0600 Manok>*v«r«t K2I otongsid* 25 12/1800 Qmgtecteng K29 otongsid* 28 12/2300 Aabauodor-7 ■C20 otongsid* 24 12/1500 Dong No' "OS otongsid* 24 12/1500 frnt.m Gl KI9 otongsid* 24 12/1400 Equator K22 otongsid* 241,414 words
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Page 2 Miscellaneous
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Miscellaneous117 1988-12-24 2 Singapore OUTLOOK: Showers over M*«ril area* In R«port for 24 houn prior to 7.30pm on Doc 23 ot •ho airport; Max temp 30.8 Aaaoc humidity 64 Mln tamp 23.8 Aaaoc humidity 96 Hra a* aunahino 6.00 RaMaH In mm 7.2 Rainfall Ma mlh <2.2, Rainy daya Ma mlh I Montr117 words
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OVERSEAS
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485 1988-12-24 3 UPI THAI PRIME MINISTER Chatichai Choonhavan said he would welcome a visit by Hun Sen, prime minister of the Vietnamese-in-stalled government in Cambodia, but that this did not mean a change in Thai refusal to recognise the regime. Mr Chatichai, speaking on Thursday nightUPI - 485 words
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Article1046 1988-12-24 3 ARRIVALS Operator Sorvica Local From number timo UAL UA97 00)0 LAX/NRT OAL OA471 0015 ATH MAS AAH601 0110 KUL SU SQ11 0115 LAX/NRT MAS MH7242 0210 KCH CAL Q333 0405 TPE SIA SQ401 0600 CAAB SU SQ41 0610 AAAA MAS AAH7240 0630 KCH MAS MH603 0720 KUL1,046 words
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177 1988-12-24 3 Reuter TAIWAN'S Supreme Court has given its tacit approval to the island s growing economic links with China by ruling that direct trade between the two sides is not illegal, court sources said yesterday. The court on Thursday upheld a Lower CourtReuter - 177 words
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Article301 1988-12-24 3 Reuter TALKS AIMED at ending the conflict in Cambodia broke up on Thursday with no date set for another meeting when rebels rejected government count-er-proposals to opposition leader Prince Norodom Sihanouk's peace plan. Representatives of the Cambodian government and three guerilla factions, including the Khmer Rouge,Reuter - 301 words
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Article, Illustration653 1988-12-24 3 Pact welcomed by US, Soviet Union UPI IN AN ATMOSPHERE of triumph and with some final verbal fireworks, the foreign ministers of Cuba. Angola and South Africa have signed a US-mediated agreement designed to bring independence to Africa's last colony and end a borderUPI - 653 words
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197 1988-12-24 3 AFP JAPAN will establish large-scale scientific research facilities and open them to foreign researchers to promote international cooperation, the government said. "As its scientific and technological levels improve, Japan has had a significant impact on the rest of the world," the Science andAFP - 197 words
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353 1988-12-24 3 AP PRESIDENT Ronald Reagan will leave his successor a spending blueprint which projects that the federal budget can be balanced by 1993, nine years later than the target he set when he campaigned for the presidency in 1980. Officials, who are putting theAP - 353 words
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197 1988-12-24 3 Reuter PRESIDENT Ronald Reagan of the US. a former film star, said in a television interview broadcast on Thursday that he sometimes wondered how anyone in the White House could do the job without prior acting experience. "There have been timesReuter - 197 words
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320 1988-12-24 3 AP THE Soviet Union plans to recycle engines from the 10,000 army tanks being withdrawn from Europe for use in the lagging domestic economy. Tass news agency reported on Thursday that fuel tanker trucks and cargo trailers attached to the six tank divisions beingAP - 320 words
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209 1988-12-24 3 AFP JAPAN'S Mitsui group and an Iranian delegation failed to agree after a first round of talks on the feasibility of restarting a joint petrochemical project in Bandar Khomeini. The giant project was begun in 1973 by Iran-Ja-pan Petrochemical Co (UPC),AFP - 209 words
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317 1988-12-24 3 Reuter IN A RULING hailed as the most important free speech decision in 20 years, a US judge ruled in Los Angeles on Thursday that parts of a law allowing the deportation of aliens for ideological reasons were unconstitutional. Judge Stephen Wilson saidReuter - 317 words
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Article116 1988-12-24 3 AP AUSTRALIAN tycoon Alan Bond revealed yesterday he bought the world's most valuable painting. Vincent Van Gogh's Irises. but he said he kept the purchase secret for a year because he had nowhere to hang it. The painting was sold at a Sotheby's auctionAP - 116 words
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Page 3 Advertisements
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Advertisement61 1988-12-24 3 fI 1/ If llf The business person's choice, every I I II 111 I Tuesday. Thursday. Saturday'and I 1 1 §1 \l II I Sunday. Leaving Changi Airport at I V/I V, ,y L i| JL 22 05 hours and arriving at Lester B Pearson International Airport the following day61 words
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Page 3 Miscellaneous
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Miscellaneous76 1988-12-24 3 Doonesbury N UNSUSPECTING PREZIPeNT-ELBCT > ARRJVBS FOP, 7H5 WINTER. MEETING OF SKJJLL ANP BONES. IF YOULL JUST LOOK UP VONPER, RIGHT N&CT 70 PANQ4O VILLA, YOU SHOULD BE ABLE TO SPOT THE 6LBAMING 3PAINPANOFTie&GHTHPftesip&rr OF THE UNTTBP STATES! m tj X m B BY GARRY TRUDEAU 10UM5AN, YOU FEUOUJS PINCHED76 words
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MONEY AND EXCHANGES
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Article102 1988-12-24 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months RY*****Z 23.03.89 3.95 3.90 6 months 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 BID OFFER HIGH LOW 2 years N*****1Z102 words
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Article1330 1988-12-24 4 CURRENCY FUTURES OPTIONS Friday, Dae 23, 1988 DCUTSCHEMARK (SIMEX) Jan M ca*a Jan St puta High Low Safl High Law Safl 54 55 56 104A 57 58 14A 59 60 CAS 100 12 2 CAS 186 57S 128S 218* 20 61 132 222 Fa* 88 calta High Low San1,330 words
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Article60 1988-12-24 4 THE OVERNIGHT rate on the Singapore money market fell 3/4 point to close at 4-1/4 per cent yesterday. Short term rates were unchanged across the board. S$ Interbank rates at the close yesterday: OffH MO 0»»fnight 4 1/4 4 1 -month 5 3/16 J 1/16 2-month 5 1/460 words
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Article457 1988-12-24 4 Reuter EURODOLLAR futures closed a shade lower compared with Chicago levels in slow pre-holiday trading yesterday. A 0.1 per cent rise in US durable goods orders against an expected 0.2 per cent drop undermined sentiment but the market traded in a narrow range due to the absence of manyReuter - 457 words
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Article321 1988-12-24 4 HONGKONG: Gold closed slightly lower in very thin trading yesterday as most dealers were sidelined ahead of Christmas. Bullion ended at U*****.30/80 an ounce against an initial U*****.40/90 and compared with New York's close of U*****.75/418.25. On the local market, gold rose HK$lB to close at HK53.893 a321 words
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Article184 1988-12-24 4 Gold futures on Dec 22, 1988 100 troy ounces. USS per troy ounce Op*n High Low Ok 415 80 418.50 416.00 418.00 2.70 ion 90 419.10 2.50 Fab 419.20 421.60 418.80 421.30 2.50 Ap* 424.30 427.00 424.00 426.80 2.50 Jwi 430 00 432.60 430.00 432.30 2.60 Aug184 words
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Article1267 1988-12-24 4 SINGAPORE: IF THURSDAY was dull, yesterday's inactivity was worse. The market literally dried up and many took time off to prepare for the long weekend. The ranges reflected the odd-ball orders: D-mark 1.7765/ 1.7730, yen 125.00/ 124.70. sterling 1.8000/ 1.7960 and 551.9448/ 1.9425. Close: D-mark 1.7745/ yen 124.90/1,267 words
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Article, Illustration188 1988-12-24 4 Indicates tha avaraga of tha prim* landing rata* of 12 major banks In S'por* Interbank market rates (offer/bid) on Dec 23 uss DM SWFC Y«n 7 dart io s/a to i/2 12 1/2— 1/4 S 1/2 S 1/4 S 3/4 S 9/1* 7/1* 1 MMI 9 s/a188 words
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Article273 1988-12-24 4 ASIAN DOLLAR deposit rates closed lower in quiet pre-weekend trading yesterday. Most operators were sidelined due to a lack of fresh factors and ahead of the long weekend. The weekend rate closed at 8-11/16 8-9/16 per cent, down 1/16 point from Thursday's level and week-fixed at 10-11/16273 words
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Article208 1988-12-24 4 IMM currency futures finished mixed after a typical pre-holiday session of sluggish trading on Thursday. Lack of interest ahead of the Christmas weekend and yesterday's abbreviated IMM trading session dampened response to US economic data showing slightly stronger-than-ex-pected growth. The 0.1 per cent rise in November US durable goods208 words
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BANKING AND FINANCE
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654 1988-12-24 5 Reuter JAPAN'S Finance Ministry has decided on definitions of capital for setting banks' capital ratios. A senior Finance Ministry official said the definitions, outlined in a report released on Thursday, are in response to December 1987 Bank for International Settlements proposals on bankReuter - 654 words
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162 1988-12-24 5 Reuter THE New Zealand government said it planned to sell Rural Banking and Finance Corp of New Zealand in the new year, but no decisions had been made on the timing or method of sale. Finance Minister David Caygill and State-owned Enterprises MinisterReuter - 162 words
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436 1988-12-24 5 Reuter LLOYDS BANK pic chairman Sir Jeremy Morse has said that he detected signs of a levelling out in retail banking, an activity which provides the bulk of British banks' profits. Morse said on Wednesday: "At the half year we didn't feelReuter - 436 words
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158 1988-12-24 5 Reuter INDONESIA'S Bank Internasional Indonesia (Bil) will set up a joint venture bank with Credit Lyonnais in July, a Finance Ministry official said on Thursday. "The banks have applied to the ministry for the venture and are preparing for operations to startReuter - 158 words
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146 1988-12-24 5 Reuter THE THAI finance ministry will hold talks with about eight foreign banks next week on their long-standing applications for branch licences in Bangkok. Thai ministry sources said on Thursday that foreign banks invited for talks include The Mitsubishi Bank Ltd, Societe Generate, BankReuter - 146 words
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Article, Illustration424 1988-12-24 5 DEXTER LEE - By DEXTER LEE HONGKONG has the edge over Singapore when it comes to potential growth in the charge and credit card industry, said Mr Lee Soo Jin, newly-promoted senior vice-president (worldwide marketing) of American Express Travel Related Services (TRS). Mr Lee, who was in424 words
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244 1988-12-24 5 Reuter TAIWAN has raised reserve requirements for local investment and trust firms in a move to head off inflation by squeezing credit and tightening money supply, a central bank statement said. The bank last week raised reserve requirements for banks by one to twoReuter - 244 words
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113 1988-12-24 5 Reuter SHAREHOLDERS of First Boston Inc have approved a merger agreement between the US investment banking firm and its Swiss-based financier affiliate Credit Suisse-First Boston. The merger agreement combines First Boston with Financier Credit Suisse, CS Holding, a Swiss corporation, and FBC Acquisition Corp. UnderReuter - 113 words
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COMMODITIES
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Article175 1988-12-24 5 THE TIN PRICE cloMd steady at M 519.85 a kg with Europaan, Japanese and local Intarasts the main players during the brief session yesterday. Dealers said there was no rationing or foreign tin and turnover was left unchanged at 75 tonnes. "Everybody wants quick business today and disappear175 words
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Article277 1988-12-24 5 RAS prices In S cents/kg. FOB in bale* 1 NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 196.50 197.50N 195.00 196.00N Int 1 RSS Jan 88 198.50 199.50N 198.50 199.50N Int 1 RSS Feb 199.50 200.50N 199.50 200.50N Int 2 RSS OP 193.00 195.00N 193.00277 words
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Article226 1988-12-24 5 SOYBEAN FUTURES lost mid-day firmness and closed mixed on some pre-Christmas holiday liquidation by locals and trade houses on the Chicago Board of Trade on Thursday. Bear spreading activity in the absence of fresh market leads also forced nearbys down against deferreds. The major buyer for the226 words
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Article254 1988-12-24 5 SINGAPORE: Rubber prices closed quietly higher in a half-day of trading with January 1 RSS buyer quoted at 198.50 cents a kg yesterday, up 1.50 cents from Thursday. On the TSR-20 Award market, prices were also higher in line with 1 RSS levels. January buyer was quoted at 187.00254 words
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Article80 1988-12-24 5 (cantt/kg) JANUARY 1989 FEBRUARY 1989 (current month) (forward month) RAS NOON NOON 8uy«ri S*lt«r» Ivrtn S*ll«'i SSB 20 183.00 185.00 183.00 185.00 SSB SO 181.00 183.00 181 00 183 00 MRELB Suyart S«ll*rt Iwytn SMR CV 300.50 302.50N 302.50 304.50N SMR I 297 50 299.50N 299.50 301.50N80 words
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Article146 1988-12-24 5 Telerate FUEL oil prices were stable-to-soft in lacklustre Singapore trade yesterday. Short term market sentiment was still seen as bearish given that supply out weighs regional demand. Sell indications for CST-180 were pegged at USS7I-USS72 per tonne (fob/cif Sing) but buyers were prefering spot market linkedTelerate - 146 words
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Article300 1988-12-24 5 MALAYSIAN CRUDE PALM OIL FUTURES on the KLCE closed slightly easier yesterday in light trading ahead of the extended weekend. Market operators had gone off for the Christmas break and the market dropped slightly on lack of interest THE MALAYSIAN crude palm oil market finished slightly higher despite300 words
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Article232 1988-12-24 5 Chinese Produce Exchange SollorV noon dosing pricos on Dk 23 (S$/100 kg) Coconut oil Butt FOB 113.00 Old drum FOB 123.00 N#w drum FOB 127.00 Copra Mixed (too**) 66.00 Pepper FOB NLW 715.00 Sarawak wMr* FOB foq NLW 705.00 Sarawak special block FOB NLW 465.00 Sarawak Asto block232 words
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Article282 1988-12-24 5 London Commodity Exchange Buyer/Seller doting prices on Dec 22, (£/tonne unless specified). Previous closing prices in parenthesis. Coffee bash in-jtoc# London, sailers option CIF London Jon 1180/83 (1218/20) High/Low 1216/1165 Mor 1192/93 (1232/82) High/Low 1230/1175 Soles (5058) Cocoa Dec 861/865 (860/862) High/Low 866/857 Mor 889/890 (892/860) High/Low 890/881282 words
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Page 5 Advertisements
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Page 7 Advertisements
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Advertisement164 1988-12-24 7 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, NGS CONTAINER LINES PTE LTD of 78 Shenton Way #05-02. Singapore 0207, hereby give notice that in consequence of our intended purchase of the vessel "MOUNIA" we have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant164 words
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Advertisement552 1988-12-24 7 In The Matter of The Companies Act Cap 50 And In The Matter of KLEES DEVELOPMENT (S) PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up. At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at The Peak. 33 Pepys Road #83-02, Singapore552 words
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Advertisement590 1988-12-24 7 THE COMPANIES ACT, CAP. 50 SAFE MARINE PTE LTD (In Liquidation) NOTICE 18 HEREBY GIVEN that the creditor, of the abovenamed Com pa ny which Is being voluntarily wound up are required on or before the 27 th day of January. 1989 t<.> send In their names and addresses with590 words
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COMPANIES & STOCK MARKETS
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Article, Illustration498 1988-12-24 10 tow By HOCK LOCK SIEW AFTER MONTHS of speculation. there is now definite action at Malayan Credit. Teo Soo Chuan, patriarch of the property group's largest shareholder. See Hoy Chan, is finally stepping down. In his place is 40-year-old MalaysianBy HOCK LOCK SIEW - 498 words
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Article, Illustration470 1988-12-24 10 PROPERTY-HOTEL group Faber Merlin Malaysia Bhd is still negotiating with its creditors who include a diverse group of bankers and loan stockholders for adoption of its proposed financial restructuring scheme. The scheme, first proposed in September, is a last ditch attempt470 words
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317 1988-12-24 10 SINGAPORE Reinsurance Corporation has become one of the subscribers of an Asean outfit set up recently to capture a larger slice of the insurance market in the region. It has a one-sixth stake in the Asean Reinsurance Corporation, whose initial paid-up317 words
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236 1988-12-24 10 MBT THE LOW YAT group which sold the Prince Hotel in Kuala Lumpur to Pudu Sinar Sdn Bhd has filed a civil suit against Pudu Sinar for non-payment of an outstanding sum. The Low Yat group had signed an agreement in May toMBT - 236 words
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Article, Illustration349 1988-12-24 10 MULTI-PURPOSE HOLDINGS BHD (MPHB) and its four publicly listed companies will acquire a 49 per cent stake in Wisma MCA while the Malaysian Chinese Association (MCA) will retain a 51 per cent interest. The four MPHB-related companies involved in this exercise are Magnum349 words
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371 1988-12-24 10 NST AMALGAMATED STEEL Miii Bhd (ASM)'s Ms 43 million joint venture to manufacture dry cargo steel containers for export, mainly to the US. is expected to begin production by the end of next year. Group managing director Mr William H JNST - 371 words
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335 1988-12-24 10 CENTREPOINT PROPERTIES Ltd intends to be involved in the whole spectrum of property-re-lated activities developing, trading, investing and managing of property. However, it is still too early to discuss the future strategy of the company said Mr Robert Barton, CPL director and group chief335 words
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303 1988-12-24 10 INNOVEST BHD is moving into the insurance broking business. The company has teamed up with US-based Citicorp Insurance Group Inc and Datuk Mokhzani Abdul Rahim to take over Aries Insurance Brokers Sdn Bhd (AIB) for M 5140,000. Under the joint venture agreement, Innovest will have303 words
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204 1988-12-24 10 TRANS-ISLAND Bus Services Ltd (Tibs) and InnoPacific Holdings Ltd have bought a total of five million shares in International Factors (S) Pte Ltd (IFS) for $1.10 a share. IFS, a wholly-owned subsidiary of Export Credit Insurance Corporation of Singapore Ltd. was incorporated last204 words
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WORLD MARKETS
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Article, Illustration842 1988-12-24 6 New York Reuter NEWS that Drexel Burnham Lambert i Inc has agreed to settle an insider trading investigation failed to offer much cheer to Wall Street on Thursday. where stocks closed lower for the third day in row. Blue chips stayed in a tightReuter - 842 words
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Article, Illustration942 1988-12-24 6 London SHARES on the London market closed firm in sluggish pre-holiday trading yesterday buoyed by much as expected UK balance of payments data for November, dealers said. The market is now officially closed until 0900 GMT on Wednesday December 28. Trading was quiet, with942 words
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Article1882 1988-12-24 6 Reuter AMSTERDAM: Dutch share prices opened firmer yesterday with the all-share index matching a 1988 high, as a steady dollar prompted some buying in otherwise slow pre-Christmas trading, share dealers said. "The dollar is holding above two guilders which is very positive for the market." a dealerReuter - 1,882 words
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Article, Illustration966 1988-12-24 6 Belief in the Street that profit justifies the means NYT THE WALL Street unveiled in the case against Drexel Burnham Lambert Inc is not a pretty place. The crimes to which the investment bank is said to have admitted inNYT - 966 words
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495 1988-12-24 6 FT THE EUROPEAN Commission has proposed common Community rules governing takeover bids for publicly q-ioted companies, with which the bid-policing authorities in some EC states would have to conform. The commission said that its proposed directive, which needs only a weighted majorityFT - 495 words
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449 1988-12-24 6 Reuter THE EUROPEAN Community's executive commission said on Wednesday that it was fining 23 major petrochemical firms a total of US$7O million for taking part in two price-fixing and market sharing cartels. The firms included such household names as Bayer AG, BASF AG andReuter - 449 words
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REGIONAL MARKETS
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Article, Illustration1424 1988-12-24 7 Hongkong HONGKONG STOCKS closed higher yesterday as some market makers boosted portfolios to end their year on high a note, dealers said. "Most of the brokerage houses held Christmas parties in the afternoon." a broker with a local house said. "Only a few local1,424 words
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Article481 1988-12-24 7 Reuter TAIWAN share prices rallied across the board yesterday as eager investors pushed the index well over 5,000 at the close, dealers said. The weighted index finished 228.02 points, or 4.5 per cent, higher at 5,217.73 against Thursday's 4,989.71 close. Turnover rose to NT533.25 billion fromReuter - 481 words
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Article223 1988-12-24 7 Reuter THAI stocks staged a strong rally on broadbased. active bargainhunting, brokers said. The Securities Exchange of Thailand Index rose 9.77 to 373.99 Gainers led losers 94 to 3. Songkhla Canning. Hadthip and National Finance were the most actively traded stocks "The recovery is partly due toReuter - 223 words
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Article113 1988-12-24 7 Reuter SHARE prices on the Manila exchange closed mixed in dull trading yesterday as investor interest shifted temporarily away from the market to Christmas holiday activities, brokers said. "(But) the market will continue to be firm next year." said Rolando Atienza. president of Anscor Hagedorn SecuritiesReuter - 113 words
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Article154 1988-12-24 7 Reuter THE SEOUL market's composite stock index fell further to close at 876.77 points yesterday as investors sold shares to balance their books, brokers said. Turnover was a slow 349.7 billion shares, against 370.4 billion on Thursday, when the market fell 8.60 points from the previous day'sReuter - 154 words
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Article164 1988-12-24 7 Reuter PRICES on the Bombay Stock Exchange closed firmer on the last day of trading for calendar 1988 yesterday after listless dealing in the past two weeks, brokers said. They said the market recovered after a sedate start on renewed buying by state-owned financial institutions, which bolsteredReuter - 164 words
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Article91 1988-12-24 7 Reuter SHARE prices on the Wellington bourse rose in a very quiet session yesterday on the last trading day before Christmas. The Barclays Index rose 6 94 to 1,826 05. "Sentiment is neutral." one broker said. Thin trading is expected when the market reopens on WednesdayReuter - 91 words
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Article, Illustration533 1988-12-24 7 Tokyo Retuer SHARES on the Tokyo market ended easier on profit-taking yesterday, snapping a three-day winning streak, brokers said. The 225-share Nikkei index fell 88 35 points to 29.686.26. or 0.30 pet, after touching a high of 29,957.81 shortly after the open. Palls led rises nearly threeRetuer - 533 words
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Article, Illustration497 1988-12-24 7 Australia Reuter AUSTRALIAN stocks ended steady yesterday after late selling nullified earlier price rises as the share market shut early for Christmas. Sparse buying, triggered by firmer base and metal prices, had boosted stock prices in early trading. Brokers said local institutions showed some interest yesterday, windowReuter - 497 words
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Article, Illustration712 1988-12-24 7 FT A MAJOR ROW is developing in Hongkong over the powers and size of a proposed securities and futures commission, which is being set up as a new watchdog for the stock and futures exchanges in the wake of last year's world markets crash andFT - 712 words
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289 1988-12-24 7 FT NISSAN, the Japanese carmaker, plans to establish a European headquarters in Amsterdam as part of efforts to strengthen its European activities in the run-up to 1992. Distribution facilities in the Netherlands will also be enlarged to prepare for growing demand, althoughFT - 289 words
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Article136 1988-12-24 7 Reuter THE STATE-RUN Expressways and Rapid Transit Authority of Thailand (ERTAT) said it awarded a consortium led by Kumagai Gumi Co Ltd of Japan a US$BBO million project to build and operate Bangkok's second expressway. ERTAT governor Charan Burapharat said the Japa-nese-Thai consortium Bangkok Expressway CoReuter - 136 words
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SES
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Article, Illustration1129 1988-12-24 8 JOCELYN TOH - -by. JOCELYN TOH TRUE TO THE spirit of Christmas giving, the Singapore stock market gave investors a little something to cheer about as share prices rose on a more active trading day. Hotel and banking stocks led the market's rise1,129 words
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Article158 1988-12-24 8 AYER HITAM TIN DREDGING MALAYSIA Berhad: 12th AGM at Cempaka Room. Equatorial Hotel. Jalan Sultan Ismail. ***** Kuala Lumpur today at 11.00 am. KAMPONG LANJUT TIN DREDGING Berhad: 60th AGM at Abbey Room 1 2, Ground Floor. The Merlin Hotel. No 2. Jalan Sultan Ismail, ***** Kuala Lumpur158 words
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Article65 1988-12-24 8 Company RIGHTS ISSUE General Corp Issue of $49 204 936 nominal amount o< 8% Convertible Unsecured loon stocks ICUISI 1986/93 on the bow of )2 nominal amount of loon stocks for every five GCB shorn of )l eoch or $2 nominal omount of CUtS 1906/93 for every $765 words
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Article339 1988-12-24 8 Company RIGHTS ISSUE C 1 Holdings 27 million loon flocks in the rotio of S3 loon Slock for •very live ordinary shores held Causeway Inv Issue of $7 252.937 nominol amount of 6% loon Stock 1989/94 on the bosis of Si nominal amount of loon stock wit* two339 words
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Article5652 1988-12-24 8 Tel Qr's Gr a 1988 Company Last Vol Day Last Quote Dlv Dlv Y'ld Net M Cap High Low Cod* Sal* DEC 23 or(000) High Low Buyer Seller C'vr P/E Smll SECTION ONE INDUSTRIAL COMMERCIAL 141 95 I e 1000 Acma 108 2 14 106 107 1065,652 words
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KLSE
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Article, Illustration3310 1988-12-24 9 LATE buying interest returned to the Kuala Lumpur stock market yesterday, sending prices broadly higher in active trading. Singapore-based counters, especially financials, were well sought after with a good number registering dou-ble-digit gains. Among them, Over-sea-Chinese Banking Corp perked up 40 cents to M 510.90, Development3,310 words
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Page 10 Advertisements
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Advertisement110 1988-12-24 10 CURRENCY INVESTMENT AMI Rl( I \|'K| ss |(\\K TEL: 321 3333 M# 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 PTE110 words
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Page 10 Miscellaneous
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Miscellaneous16 1988-12-24 10 SW&A/&Z /AS mfT &c//u?/*/6 4^£-77/4r /A/ A*/? C&e/Cf, $Mzze</ M6tfrw£7&/r n/£~ au? £///£>.. &A/4F5. iSh by Martell16 words
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Executive Lifestyle
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Article, Illustration949 1988-12-24 11 ASAD LATIF - Reflect we may, even if only through a glass darkly, at Christmas-time, and that's exactly what some of our tinsel-weary writers have done, here and on Page 13. After the media blitz of ho-ho-ho and buy-buy-buy, four of EL's writers present you with personal gifts of949 words
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Executive Lifestyle: Pursuits
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Article, Illustration996 1988-12-24 13 TAN KEE WEE - One writer tangles with materialism, another with an unhappy friend, yet another with the passing of breezy youth. On this page, personal reflections and points of view at Christmas-time, gift-wrapped without strings. j' By TAN KEE WEE MY FIRST IMPRESSIONS of Singapore in December996 words
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Article739 1988-12-24 13 S JERN - By S JERN ECEMBER 25 is not the birthday of Jesus Christ. Christians should not join in the year-end merriment and revelry attributed to the celebration of the Saviour's birth. Controversial statements like these may De the stuff of great debate among theologists, historians, star-gazers, lay739 words
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Article151 1988-12-24 13 Christmas Light-up '88. On till Jan 2 All the way from Tanglin Rd to Marina Square. Sing And Dancm. Christmas Eve. Sing and dance freely along Orchard Rd, which will be closed to traffic from 7pm to lam. Sharfty Christmas Fair. On till Monday. 11am to midnight (weekends);151 words
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Article, Illustration226 1988-12-24 13 THE CHEAP and easy way to send Christmas greetings to more than 80 people in an entire office, one colleague figured, is to pin a Christmas card up on the notice board. It is not a very effective way though, because not everybody makes it a226 words
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Article791 1988-12-24 13 JAIME LYE - By JAIME LYE IT HAPPENS every year. Never fails. I get this urge. This urge to do something really uncharacteristic. This inexplicable, uncontrollable urge to do something dirty. No, not go into the uncensored video tapes business. Rather, it has something to do with reaching into791 words
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Article, Illustration1224 1988-12-24 15 Roger Loh - w ♦> Roger Loh LET'S DISREGARD record company opportunism. It's already a sad story how songs sell movies and vice versa. Not that songs do not serve a vital function in movies They do. But I have always believed that the function of a movie1,224 words
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Article, Illustration742 1988-12-24 15 N K YONG - Offline By N K YONG THE NAME of Hermitage (from northern Rhone) may not have the same currency nor panache as Petrus or Lafite or Romanee Conti. but among wine lovers it is the most famous wine of the Northern Rhone, and one of742 words
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Article, Illustration939 1988-12-24 15 RICHARD SEAH - HEALTH By RICHARD SEAH DURING times of feasting at Christmas. Chinese New Year and at wedding, birthday and office parties the healthconscious person is usually expected to do one of two things: be a spoilsport and tell everybody that they shouldn't be eating all those rich939 words
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303 1988-12-24 15 Mike Thumba - Bridge; By Mike Thumba HOW ACTIVE is the Bridge scene in 1988? Let's take a look at the games and tournaments organised this year. The SCBA organised the following local tournaments: 1. Open Pairs February 2 Easter Congress March 3. Wee Trophy (Teams) April303 words
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Executive Lifestyle: Entertainment & the Arts
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Article, Illustration680 1988-12-24 14 WALTON MORAIS - LUNCHTIME CONCERT By WALTON MORAIS Made up my mind, to make the most of things No use in thinking, what the end will be I've got so many things that I want to tell And truths I need to find about myself THE OPENING LINES of680 words
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Executive Lifestyle: Sports
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Article, Illustration260 1988-12-24 17 BASKETBALL MARK JACKSON'S driving layup with 32 seconds left gave New York the lead and the Knicks won their ninth consecutive home game with an 88-85 victory over the Detroit Pistons on Thursday night. The Knicks. now 12-1 at Madison Square Garden, New York, scored260 words
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Article, Illustration373 1988-12-24 17 CHOICE QUOTES UPI "THIS ALL goes back to the Civil War, when, during the slave trading, the slave owner would breed his big black to his big woman so they could have a big black kid. That's where it all started." Commentator Jimmy "the Greek Snyder, onUPI - 373 words
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194 1988-12-24 17 INQUIRY AP LINFORD CHRISTIE and Kerrith Brown, both at the centre of drug scandals at the Seoul Olympic Games, have been asked to appear before a special anti-doping inquiry set. up by the British Olympic Association. The BOA launched the inquiry a month agoAP - 194 words
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379 1988-12-24 17 RALLY AP THE PARIS-DAKAR RALLY, the world's longest and most dangerous race, takes off for sandswept African dunes on Christmas Day with organisers promising the run will be safer this year but no less of an adventure. Last year, the race claimed sixAP - 379 words
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Article, Illustration576 1988-12-24 17 Jerome Fandor - on TMCk With Jerome Fandor CHAMPION TRAINER-ELECT Teh Choon Beng has a massive 32 entries to celebrate the final meeting of the seaaon. If homebaaed horses scored in 67 per cent of the racee they contended in in Singapore during the last meeting, think576 words
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403 1988-12-24 17 CRICKET Reuter AUSTRALIAN CAPTAIN Allan Border may take on West Indies at its own game by playing four pacemen in an all-or-nothing bid to win the third Test starting in Melbourne today. Australia has been blown apart by the firepower of MalcolmReuter - 403 words
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Article385 1988-12-24 17 Reuter CRICKET'S high noon arrivM in four weeks' time. Delegates from the 25 countries which make up the International Cricket Conference (ICC) must decide once and for all what to do about players with South African connections. Pessimists fear the game may split forever alongReuter - 385 words
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Article, Illustration379 1988-12-24 17 SKIING Reuter HELMUT HOEFLEHNER of Austria beat Switzerland's overall World Cup champion Pirmin Zurbriggen by a mere one-hun-dredth of a second for his second World Cup downhill victory of the season on Thursday. Hoeflehner, 29. hurtled down the 3,210-metre Kandahar course, which had a vertical drop ofReuter - 379 words
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213 1988-12-24 17 TENNIS AP DONNAY INTERNATIONAL SA. the Belgian tennis racket maker, on Thursday signed US tennis star Andre Agassi to a five-year, US$6 million contract in a bid to revive its flagging fortunes. Agassi, at 18 already the top ranked American in the world, willAP - 213 words
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Executive Lifestyle: Personal Investment
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Article, Illustration668 1988-12-24 18 AMY BALAN - MALA YSIA By AMY BALAN NEARLY EVERY economic indicator and just about every recent country research report has put Malaysia firmly on the growth path Exports have ballooned, thanks to the lower ringgit and despite a surge in imports the trade surplus is668 words
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Article185 1988-12-24 18 BASED ON its estimation that Malaysian listed companies will outstrip Singapore firms in earnings growth, OUB Securities Research has recommended over-weighting in Malaysian stocks for 1989. Selected Malaysian stocks will see substantial re-rating, it added. For private investors, OUB Securities has picked seven stocks from185 words
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766 1988-12-24 18 BOOK REVIEW FT SEVEN FAT YEARS from 1983 to 1989 will be followed by seven lean years. In fact, the period from 1990 to 1996 will bring a terrible economic depression, probably even worse than the *****. Pay off your loans, sellFT - 766 words
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Article, Illustration194 1988-12-24 18 r u rot p IB|if t n [Hlnll MrI 111 IIM TAKING a long-term view on the Singapore market, most technical indicators continue to show sinns of improvement. Whi'a selling pressure remains at a low level, buying pressure has begun to climb194 words
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Article111 1988-12-24 18 IN LAST WEEK'S Stockwatch report on Singapore Land's proposed rights issue of loan stock with detachable warrants, it was stated that the price at which the warrants could be exercised would not be known until after the close of the issue PI wishes to clarify that111 words
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693 1988-12-24 18 CORRINA LIM - AL TERNA TIVE INVESTMENTS BEannER'5 OOFMER Hi By CORRINA LIM WITH THE LETHARGY in the local bourse and the low returns from investing in equities, investors should perhaps consider investing in fixed-return financial instruments which, besides giving a regular cash flow for693 words
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611 1988-12-24 18 MICHELLE OH - PRECIOUS METALS By MICHELLE OH WHEN FORD Motor Company announced 10 days ago that it was testing a car exhaust catalyst which did not use platinum, the news sent the metal's prices tumbling down. From a new high of U*****.10 an ounce611 words
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Article636 1988-12-24 18 BONDS, LOANS WARRANTS Company E«*ry/ dote Coupon Conversion period li Conversion term lor one ordinary •hare CK Tang Wm *****990 Oman Hup Wm 1991 Oty Dev Roods 1994 5V4 Anytime to May 31, 1990 Anytime on or after Mar 1987 until Dec 31. 1991 Feb 1 Aug 1 Dec 31636 words
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Executive Lifestyle: Perspective
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678 1988-12-24 19 Whether Christmas is celebrated does not depend so much on whether one is Christian. Rather, it depends on which country you are in. In some countries, even the Christians do not, or rather, may not celebrate Reuter THIS CHRISTMAS. Santa Claus will visit the childrenReuter - 678 words
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Article345 1988-12-24 19 NYT SINCE MARX replaced God, the Church has long had something of a thin time in Cuba. Recently, thanks to a liberation theology and the grumbles of foreign visitors, it is being allowed a small revival. President Fidel Castro, who was educated by the Jesuits,NYT - 345 words
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Article, Illustration622 1988-12-24 19 NYT SANTA CLAUS is coming to Moscow. Only he doesn't get there the same day as everywhere else. And he isn't called Santa Claus. In the Soviet Union, the venerable gentleman with the North Pole address is called Grandfather Frost. He loads hisNYT - 622 words
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Article146 1988-12-24 19 Billy Chew - letters to the Editor Billy Chew Publlc Affairs Department Ministry Of The Environment Dear Sir, I refer to your report on Dec 9, "Pollution Control: The Challenge Ahead". According to the report, Professor Chin noted that only 800 out of 15,000 factories in Singapore have146 words
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Article83 1988-12-24 19 R Mortis - R Mortis Dear Sir, Singapore River looks all very well in photographs when the tide is in. Sometime back, the government proposed building a new road bridge over the entrance to the Singapore River, taking traffic from Collyer Quay directly to join Nicoll Highway. Perhaps this should83 words
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296 1988-12-24 19 Tan LI Li (Miss - Tan LI Li (Miss) For Permanent Secretary (National Development) Dear Sir, We refer to the article "Two Areas to see Building Boom" on the front page of the weekend edition, Dec 17-18, of Business Times. In it, your property correspondent said that a large296 words
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Article404 1988-12-24 19 Khadija Kallm - Khadija Kallm for Executive Secretary Consumers' Assoc of S'pore Dear Sir, The recent spate of food poisoning cases from the consumption of contaminated vegetables has resulted in growing consumer concern about chemical residue in fresh fruit and vegetables. Most fresh food would have been chemically treated404 words
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Article138 1988-12-24 19 D W Distant - When Orchard road closes D W Distant Dear Sir, Orchard Road is to be closed to traffic on Christmas and New Year's eve. This has prompted Dynasty Hotel to advise its patrons to enter its car park via Scotts Road and leave via Nutmeg/Mount Elizabeth Link. There are neither traffic138 words
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Article467 1988-12-24 19 CHRISTMAS editorials face an instructive problem. Unless they stick closely to religious developments in the Christian world over the past year, the editorials find it difficult to say anything very new. However, and this is what is instructive about the problem, such editorials get written467 words
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Page 11 Advertisements
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Advertisement157 1988-12-24 11 Giant Crossword contest PAGE 12 Straws in the Wind PAGE 13 Choosing a timepiece should he a relaxed and COS'NOISSEL'RS F O R COL LECTORS After all, we see ourselves as connoisseurs. And our The rare perfection of Patek Philippe at The Hour Glass. comfortable affair. Especially Voull learn all157 words
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Page 12 Miscellaneous
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Miscellaneous1843 1988-12-24 12 The 1 12 7 8 10 M 2 113 14 115 16 139 140 I*9 1150 153 154 124 125 [37 I 138 160 I|6l Dear Readers and Crossword lovers, Here's that chance to put all that practice through the year on BT's daily crosswords to sparkling use. Only once1,843 words
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Page 13 Advertisements
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Advertisement25 1988-12-24 13 L anee I I I 0 V t 2> -C 3 s I V I ft PARIS Lancel Boutique: 435 Orchard Road, #02-28/31 Wisma Atria.25 words
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Page 14 Advertisements
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Advertisement177 1988-12-24 14 I>s<d HABVIT Where to entertain The mi looking High Tea in (own... i Savour High Tea from 3 pm every Saturday with a generous buffet of local favourites I/) like Chee Cheong Fun. Roti John. Laksa and Rojak Then at 4 pm. relax and enjoy a fashion show presented by177 words
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Advertisement330 1988-12-24 14 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 4 adult $18* child under 12 CAFE BOULEVARD 24 hrs Set Dinner -7pmto 11 pm330 words
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Advertisement223 1988-12-24 14 ol 4 qAu utmegs 4a season litter at the Hyatt 4 ■Mfi 4s Place A star-studded Christmas dinner December 24. 1988 7 pm-2 am uf) wurjoyl A Christmas trattoria treat ~f December 24, 1988 7 pm-l am December 25. 1988 Brunch 4 Bronnigan's Fun Pub A brilliant rendition of the223 words
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Advertisement280 1988-12-24 14 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 -4 PERSONS AT $90.00+ Braised Shark's Fin with Shredded Chicken Spicy Seafood Combination Chicken in Lemon Sauce Young Kai Lan Hongkong Noodles Chilled Sago with Honeydew280 words
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Advertisement193 1988-12-24 14 r FESTIVE CHINESE MENU: Ist December 1988 31st January 1989 6.30pm -11 00pm 4 Outstanding Festive Menus to choose from. (For a table of 10) $238.00 -f per table Including 8 complimentary bottles of soft drinks $298.00 per table Including 6 complimentary cans of Heineken Beer $398.00+ per table Including193 words
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Page 15 Advertisements
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Advertisement242 1988-12-24 15 9 Every second's on-the-house! M The Fountain Lounge is flowing with the good times. Between 5 and 8 pm daily, for 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 the242 words
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Advertisement33 1988-12-24 15 The 'Creme dela creme' Sherries Harveys Bristol Cream Sherry. Famous the world over for its rich, sweet and mellow flavour. Especially refreshing serv ed chilled or with ice, for all occasions. 4 Vi33 words
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Page 16 Miscellaneous
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Miscellaneous1732 1988-12-24 16 SLOTS 10 WATCH War, and the peace of Christmas MADONNA'S actor-hubby Sean Perm takes centrestage in Racing With The Moon, a teenage romance set in a small Californian town just before World War 11. Appealing stars and a careful eye for the details that evoke the pre-war period perk up1,732 words
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Miscellaneous1766 1988-12-24 16 Bill Murray getting his Just desserts from the ghost of Christmas Prssont CINEMA Childish pranks that tax the audience's charity By JAIME LYE FOR BILL MURRAY, it s not funny getting Scrooged. Well, it's not funny for the audience either, no matter how forgiving you want to be at Christmas.1,766 words
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Page 18 Advertisements
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Advertisement28 1988-12-24 18 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.28 words
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Page 19 Advertisements
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Advertisement45 1988-12-24 19 BT w«tcom«« letters from readers. Your letters must Include your signature, full name, address, snd home and office telephone numbers. If any. You may add a pseudonym, If you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923. mm45 words
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Advertisement416 1988-12-24 19 ADVERTISEMENT The business magazine people are talking about mess i" A FROM SINGAPORE WITH LOVE Local toy boys move into high-tech gear THE EXECUTIVE'S STOCKING Who would think of giving a 56,995/- lounger for Christmas? We never run out of ideas. But if our varied gift suggestions don't meet your416 words
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Article, Illustration451 1988-12-24 20 MARTIN SOONG - Bulk for new electricity projects By MARTIN SOONG THE Public Utilities Board yesterday announced a $533 million development budget for electricity, water and gas projects in 1989, 7.5 per cent lower than this year's. The bulk of the budget, some $479.7 million, is earmarked for451 words
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142 1988-12-24 20 THE Housing and Development Board has set up a second private company to offer conservancy and horticultural services, HDB chief executive officer Liu Thai Ker announced yesterday. Speaking at the Daily-rated Employees Union scholarship presentation, Mr Liu said the second company could tender on142 words
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406 1988-12-24 20 NYT TWO OF THE WORLD'S largest semiconductor manufacturers, Texas Instruments and Hitachi Ltd, have said that they will jointly develop a next-generation computer memory chip. Company officials said the agreement was intended to share both the enormous cost and riskNYT - 406 words
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Article, Illustration225 1988-12-24 20 Reuter SIX GULF Arab states have decided to delay the introduction of an agreement on customs duties on imports by another year. Bahraini Foreign Minister Sheikh Mohammed bin Mubarak al-Khalifa told reporters at the end of a Gulf Cooperation Council (GCC) meeting in Bahrain thatReuter - 225 words
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233 1988-12-24 20 Bernama MALAYSIAN tin miners plan to set up a company with bumiputra equity to mine tin, titanium and kaolin in China. The vice-president of the AllMalaya Chinese Mining Association, Datuk Hew See Tong, said yesterday that a delegation would visit China in AprilBernama - 233 words
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306 1988-12-24 20 Reuter IN A RARE attack on China's leaders, a former high official yesterday said they must control themselves, their families and associates if the country is to control its worst inflation in 40 years. Xu Xuehan, Vice-Minister for Foreign Trade in the 1950sReuter - 306 words
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375 1988-12-24 20 AP INVESTIGATORS converged on Lockerbie yesterday to probe growing suspicions a bomb caus&d the crash there of a Pan Am jumbo jet, while relatives ot some of the 258 victims assembled nearby. About 70 bodies found by search parties stillAP - 375 words
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370 1988-12-24 20 Bernama A WOMAN doctor is among four candidates shortlisted by the Malaysian Chinese Association for the Ampang Jaya parliamentary by-election next month, party deputy president Lee Kim Sai said yesterday in Kuala Lumpur. He said that those shortlisted by the partyBernama - 370 words
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456 1988-12-24 20 UPI, AFP INDONESIAN Foreign Minister Ali Alatas said yesterday he was convinced that the Jakarta Informal Meeting could find a workable solution to the decade-long Cambodian conflict. Mr Alatas told reporters in his weekly news conference that the JIM process, in relation toUPI,; AFP - 456 words
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90 1988-12-24 20 Bernama FORMER Malaysian Trade and Industry Minister Tengku Razaleigh Hamzah said that he was willing to meet former Prime Minister Tun Hussein Onn to discuss Malay unity. Speaking to reporters near Alor Star on Thursday, he said he had first to study the resolu-Bernama - 90 words
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Article83 1988-12-24 20 Reuter COMEX silver futures traded lower, tracking a similar trend in gold futures, traders said. The metals were slightly pressured by a firmer dollar in thin pre-holiday trade lacking direction from London. Expectations of steady crude oil prices underpinned the metals, keeping prices confined to narrow ranges. TradingReuter - 83 words
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LATE FILE
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Article66 1988-12-24 20 AFP CHINA indicated yesterday that it welcomed a joint call by the Philippines and the Soviet Union for a phase-out ot super power military bases in South-east Asia. "We have been consistently opposed to the stationing of troops, or establishment of military bases, by anyAFP - 66 words
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Article67 1988-12-24 20 AFP SRI LANKA is to end five years of emergency rule in a bid to appease anti-govern-ment rebels and end bloodshed. National Security Minister Lalith Athulathmudali said yesterday that the tough law, under which troops had wide powers to arrest and detain suspects, to shootAFP - 67 words
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Article42 1988-12-24 20 Reuter CHADLI BENJEDID has been overwhelmingly re-elected President of Algeria for a third five-year term, the Interior Ministry said. The 59-year-old President, sole candidate of the ruling National Liberation Front, received 81.17 per cent of the votes cast. ReuterReuter - 42 words
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Article59 1988-12-24 20 Bernama PENANG Chief Minister Dr Lim Chong Eu yesterday rejected claims that Gerakan was cooperating with the Opposition Democratic Action Party on certain political issues. Dr Lim, who is National Gerakan Advisor, said that since Gerakan was a component party of the ruling National Front, it wasBernama - 59 words
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Article39 1988-12-24 20 Reuter MOST Israelis support peace negotiations with the Palestine Liberation Organisation in spite of their new unity government s pledge not to talk to the PLO. according to an opinion poll published yesterday. ReuterReuter - 39 words
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Page 20 Advertisements
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Advertisement95 1988-12-24 20 Th« Comax gold raport was not avallabla at praaaHma. 41 1 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, etc. And, of course, the95 words
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