The Business Times, 4 February 1989
1989-02-04
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https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
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Title Section12 1989-02-04 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, February 4-5 1989 75 CENTS12 words
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Article264 1989-02-04 1 Dow down WALL STREET stocks opened lower yesterday following the news that jobs in January increased by a strong 406,000. The Dow was down four at 2330 and declining issues held a moderate lead over gainers. Reuter Footsie up SHARE prices on the London stock exchange pushed264 words
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108 1989-02-04 1 Reuter The US civilian unemployment rate edged up to 5.4 per cent in January from 5.3 per cent in December, despite a sharp rise in the number of jobs created, the government said yesterday. In the first official glimpse of the US economy'sReuter - 108 words
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Article588 1989-02-04 1 ASAD LATIF - By ASAD LATIF Foreign Editor IN THE LIFE OF NATIONS as much as in those of individuals, there is childhood and there is adulthood. So it is with relations between Singapore and Malaysia. There was a time when, in the words of former Foreign Minister588 words
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Article, Illustration244 1989-02-04 1 AN UNEXPECTED rally in Singapore drove the Straits Times Industrial Index above the psychologically important 1,140 level on the last trading day of the Year of the Dragon. Yesterday's pre-festive buying spree jacked up turnover to 64.45 million units worth $98.09 million, almost 40 per244 words
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Article, Illustration642 1989-02-04 1 LEE HAN SHIH - 'Verbal agreement to buy S K Building for $36m' By LEE HAN SHIH Property Correspondent PAUL SUN, the "conservative businessman" who flew into Singapore last August and snapped up two properties for $293 million, is close to buying an office building at Raffles642 words
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Page 1 Advertisements
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Advertisement236 1989-02-04 1 Nikon The World's Finest Photographic System. Full report, PAQE 8 Regional mkts, PAQE 7 World mkts, PAQE 6 Restructuring of HDB 2 Preparing for the phasing in of Town Councils later this year Singapore-Indonesia trade 2 Call for forum on problems of investing in Indonesia Qantas 2 No plans to236 words
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Advertisement175 1989-02-04 1 Niko Ths World's Finest Photographic System. 0 E The glamour of Joan Paga 12 Play courier and fly cheap Page 14 Cycle, swim, and run for your life! Page 18 Snake meat, anyone? Page 15 TV programmes for today and tomorrow Page 1< Lim, Poh, Muru do S'pore proud Page175 words
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HOME NEWS
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Article592 1989-02-04 2 JEFFREY TSANG - Board preparing for phasing in of Town Councils By JEFFREY TSANG THE HOUSING and Development Board will be restructured from March 1 to prepare for the phasing in of Town Councils later this year. Its services, now offered directly from the HDB Centre592 words
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68 1989-02-04 2 FIRST DEPUTY Prime Minister Goh Chok Tong and his Cabinet colleagues will be playing host to a Chinese New Year garden reception party next Saturday at the Istana. About 4,000 grassroots leaders, trade unionists, and members of clan associations, cultural organisations and Singapore68 words
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Article, Illustration391 1989-02-04 2 LILIAN ANG - By LILIAN ANG LIKE A jig-saw puzzle, Shell's long residue catalytic cracker (LRCC) complex is steadily taking shape on Pulau Ular, next to its oil refinery on Pulau Bukom. With the project almost halfcompleted, the 220-ton reactor, the "heart" of the391 words
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449 1989-02-04 2 WILLIAM CHIA - By WILLIAM CHIA DEBT-RIDDEN local trading company Blue Dolphin has failed to get three creditor banks to accept a unique repayment scheme that is tied to the Nigerian Central Bank's restructuring of its trade debts. At a creditors' meeting last Monday, the449 words
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243 1989-02-04 2 QANTAS has no plans to move its regional headquarters from Singapore to Bangkok, says Mr Jon Morgan, the manager of the Qantas office in Singapore. Mr Morgan was responding to a report by a local paper that Mr Bob Hawke,243 words
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344 1989-02-04 2 William Chia - by William Chia THE INDONESIAN and Singapore authorities should sponsor a forum where businessmen from both countries could discuss solutions to their problems at a practical level, says business consultant Fergus Healy. Mr Healy was speaking on Aspects of Doing Business344 words
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Article912 1989-02-04 2 AT CONVENTIONAL WHARVES Vaaaal Berth Arrival OapartMr* KEPPEL WHARVES Atfro Gold K32 otongside 0702/2200 Bangkok Novee PC36 alongside 05.02/1200 Bol luawnti KI5 alongside 04.02/2300 Gongcheng <33 olongsade 0402/2300 Hop Mezentsev C09 Alongside 0400/1600 Km Soon U K23 olongstde 0402/0700 Nil* KI7 ok>ngs<de 04.02/2300 K2B olongstd* 04.02/1500 SoutWn912 words
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Page 2 Advertisements
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Advertisement23 1989-02-04 2 SPECIAL PROMOTION SUPER QUALITY. HANDMADE CHINESE CARPETS >r>e Woe i O \M'fc: 120-' re of S--K 60% OFF GUARANTEE. IF OVERPAID DIFFERENCE REFUNDED23 words
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Page 2 Miscellaneous
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Miscellaneous74 1989-02-04 2 "mm r; '""m mm Singapore OUTLOOK: Showers In tew imt In die late afternoon and early Report for 24 hour* prior to 7.30pm on Fob 3 at tfw Mlntomp. 23.6 Aaooc humidity M HreofeuneMne 8.20 Rahdal In mm— Trace RahdaN Ma mh.. Trace Rainy daye Me nMh. 0 Now MM74 words
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Article900 1989-02-04 3 ARRIVALS Operator Sorvic* Local From numbor timo UAL OAL UA97 0010 IAX/NRT QA471 0013 ATH AAAS AAH601 0110 KUL SU SOU 0115 IAX/NRT CAL CI333 0405 TPE SU SQ401 0600 CAA8 su SQ41 0610 MAA MAS AAH603 0720 KUL MAU AAK746 0725 MRU SiA SQ23 0730 AMS/BOM900 words
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OVERSEAS
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373 1989-02-04 3 Reuter THE US federal budget deficit is weakening the US economy and threatens the future living standard of Americans, Federal Reserve chairman Alan Greenspan told Congress on Thursday. "The deficit already has begun to eat away at the foundation of ourReuter - 373 words
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267 1989-02-04 3 AFP THE PHILIPPINES will shortly launch at least three "demonstration projects" to prove its capability to absorb a proposed massive foreign aid plan for the country, the plan's chief coordinator said on Thursday. Philippine Aid Plan coordinator Roberto Villanueva told foreign andAFP - 267 words
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215 1989-02-04 3 AFP PARAGUAYAN First Army Corps commander Andres Rodriguez announced a coup d'etat on Thursday against aging strongman Alfredo Stroessner and appealed for support from fellow armed forces chiefs. General Rodriguez's broadcast on the independent Primero de Marzo radio station followed hours of after-dark heavyAFP - 215 words
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294 1989-02-04 3 Reuter SOVIET President Mikhail Gorbachev and former US president Ronald Reagan have been nominated a second time for the Nobel peace prize, Norwegian state television said on Thursday. The Dalai Lama, exiled spiritual leader of Tibet, former Czechoslovak Foreign Minister Jiri HajekReuter - 294 words
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Article, Illustration467 1989-02-04 3 AP US PRESIDENT George Bush said he had promised Japanese Prime Minister Noboru Takeshita to reduce the US budget deficit and in return received a pledge for increased domestic consumption in Japan. Mr Bush and Mr Takeshita established a first-name relationship,AP - 467 words
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Page 3 Advertisements
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Advertisement385 1989-02-04 3 The business person's choice every Tuesday, Thursday, Saturday and Sunday. Leaving Chansi Airport at 22:05 hours and arriving at Lester B. Pearson International Airport the following day. CjII your Travel Agent or Air Cjiudj at *****55. A BREATH OF FRESH AIR Notice to Germans concerning the election for the European385 words
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Advertisement13 1989-02-04 3 ance 1- :,r 25 PARIS I>anct»l Boutique: 435 Orchard Road. #02-28/31 Wisma Atria.13 words
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Page 3 Miscellaneous
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Miscellaneous83 1989-02-04 3 Doonesbury BY GARRY TRUDEAU DAD, ONE OF THE FINDINGS THE INDUSTRY UKES TO CALL "CONTROVERSIAL? IS THE FACT J THAT THE NICOTINE IN 7D--1 BACCjO IS ADDICTIVE. f m m '&2Hk AS I UNDERSTAND IT. YOUR POSITION IS THAT IF IT MERE TRUIX ADDICTIVE, THERE MXIDNT BE CSO MANY FORMER83 words
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MONEY AND EXCHANGES
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Article58 1989-02-04 4 THE OVERNIGHT rate on the Singapore money market rose by 1/2 point to close at 5-1/2 per cent yesterday. Short term rates remained unchanged. S$ Interbank rates at the dos« yesterday: om no OwntgM S 1/2 S 1/4 3 3/8 S 1/4 l-Mrth S 3/8 S 1/4 3H«Mh58 words
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Article, Illustration184 1989-02-04 4 Indicate* th« avtragt of Iha prim* landing rata* of 12 ma|or banks In S'por* Interbank market rates (offer/bid) on Feb 3 us$ DM SWFC Y«n 7 fey. —9 12 13/14 11/14 4 5 7/1 J3/I-J 1/4 4 3/14 3/14 1 a* 1/4 1/« 13— 13 7/t 4-S7/I184 words
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Article252 1989-02-04 4 Most IMM foreign currency futures ended lower but above daily lows after a volatile session on Thursday. Japanese yen ended with moderate gains. "It got wild and woolly," said one currency broker. Values for most contracts opened lower, edged into briefly positive territory and then plummeted at mid-af-ternoon. Anticipation252 words
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Article1234 1989-02-04 4 SINGAPORE: The US dollar ended firmer on the day. After teating lowa of D-mark 1.8683/ yen 128.85/ sterling 1.7455, it bounced to close at the high of D-mark 1.8765/ yen 129.50/ sterling 1.7505 yesterday. Sentiment remained supportive ahead of laat night's US employment release. A post G-7 press1,234 words
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Article113 1989-02-04 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BIO OflW HIGH LOW 3 month* BQ*****W 4.05.89 3.63 3.58 366 3.59 6 months BY*****S 20.07.89 3.73 3.68 3.92 371 1 year BY*****H 23.11.89 3.89 3.84 3.97 3.84 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing113 words
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Article469 1989-02-04 4 BA Futures MARCH Eurodollar futures opened unchanged on Simex yesterday from the previoua cloee at 90.46. Trading was lethargic as Singapore and Hongkong participants were preparing for the Lunar Chineee New Year next week, elsewhere dealers were sidelined ahead of US unemployment data due later in the night TheBA Futures - 469 words
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Article215 1989-02-04 4 ASIAN DOLLAR deposit rates ended little changed in quiet trade yesterday, with most operators sidelined ahead of the release of US January employment data and the outcome of the G-7 talks in Washington. us$ OffE> MO 7 day* 9 3/l« 9 1/14 1 man* 9 5/16 9215 words
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Article1413 1989-02-04 4 CURRENCY FUTURES OPTIONS Frldoy, Feb 3, 1989 DEUTSCHE MARK (SIM EX) MMerii MM LM tad Pa b M pu* 52 33 54 53 56 428 142b 56 156 SI 32 53 54 55 56 57 59 88 cafe MM" Law 49 49 20* 9A *aa 49 19 a 41,413 words
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Article540 1989-02-04 4 HONGKONG: Gold closed slightly higher in quiet and slow trsding yesterday with light physical demand from Japaneee and local Investors. Bullion ended at U*****.70/382.20 an ounce against an initial U*****.30/391.80 and compared with New York's close of U*****.10/381.60. The local gold tael market was closed for the Lunar540 words
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BANKING AND FINANCE
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Article331 1989-02-04 5 Bernama THE Malaysian Sessions Court in Kuala Lumpur allowed former Oriental Bank branch manager Zulkifflee Hajl Hassan to reveal the names of clients who were given overdraft facilities exceeding Msl million. In invoking Section 132(2) of the Evidence Act, Judge Zura Yahya said whatever theBernama - 331 words
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228 1989-02-04 5 FT LENDING by the European Investment Bank surged by 30 per cent last year, putting it ahead of the World Bank for the first time as the largest institutional borrower on international capital markets. The revival in demand for EIB funds cameFT - 228 words
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Article, Illustration330 1989-02-04 5 AFP FINANCE ministers and central bank directors of the five powerful industrial nations making up the Group of Five met in Washington on Thursday to discuss Third World debt and trade imbalances. The financial leaders of the G-5 the US,AFP - 330 words
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293 1989-02-04 5 SINGAPORE will stage its first international risk management and captive insurancs conference in May. The conference is organised by the Singapore Insurance Training Centre and supported by the Monetary Authority of Singapore. The co-sponsors are Alexander Risk Management Pte Ltd and Sedgwick Risk293 words
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567 1989-02-04 5 Exchange developing trading system with Reuters Reuters THE Commodity Futures Trading Commission (CFTC) unanimously approved on Thursday the Chicago Mercantile Exchange's proposal to trade its futures and option contracts on Globex, an automated, after-hours trading system. The CME is developing Globex in associationReuters - 567 words
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374 1989-02-04 5 Reuter GREEK Prime Minister Andreas Papandreou, whose government has been shsken by s banking scandal for months, is under fresh attack with the announcement that a close associate has been charged in the affair. Public prosecutor Dimitris Doris said on Thursday he hadReuter - 374 words
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Article126 1989-02-04 5 Reuters THE SYDNEY Futures Exchange (SFE) and the Chicago Mercantile Exchange (CME) announced an agreement in principle to admit the SFE 88 a full partner in Globex. Globex is an automated af-ter-hours transaction system for futures and options developed by the CME andReuters - 126 words
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COMMODITIES
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Article235 1989-02-04 5 Chinese Produce Exchange Sotlon' noon doting prlcos on Fob 3 (S$/100 kg) Coconut oil Bwfc FOB 108.00 Otd drum FOB 118.00 Now drum FOB 122.00 Copra AMxod (Ioom) 64.00 Sfllffl Popper nru/nro* wini« FOB NIW 707JO Sarawak whito FOB faq NIW 697-50 Sarawak spodal Made FOB NLW 492.50235 words
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Article261 1989-02-04 5 London Commodity Exchange Buyer/Seller closing prices on Feb 2, (£/tonne unless specified). Previous dosing prices in parenthesis. CoflM Basis In-store London, sellers option OF London Mar 1163/65 1170/72 H^h/Low 1189/60 May 1143/44 (1130/32) High/Low 1150/36 Sates (5601) Cocoa Mar 839/840 (834/835) high/Low 853/834 May 851/852 (850/835) High/Low 862/845261 words
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Article149 1989-02-04 5 Telerate FUEL OIL PRICES were little changed in the Singapore market on light trade yesterday. Sell prices for late February and March CST--180 were pegged at US$75 per tonne fob/cif Sing while buyers indications were heard to be around US$72-US$73 per tonne fob/cif. Singapore players didTelerate - 149 words
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Article227 1989-02-04 5 SMGAPORE: Rubber prices closed lower in quiet trading yesterday ahead of the long Lunar New Year holidays. March 1 RSS buyer was quoted at 218.50 cents a kg. Brokers said prices lost three cents in the morning session on some selling and in the absence of buying interest. Values227 words
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Article148 1989-02-04 5 TIN PRICES gained a cent to doee at MS2O.SI a kg yesterday on the Kuala Lumpur Tin Market due to continued strong short cov •ring by the Curopoana In anncipanon of uQm supply mTiwt uif rxxKiayi, Drottn •aid. Sterllng'a continued weakneaa agalnat rlngglt saw >M KLTM'a premium over148 words
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Article289 1989-02-04 5 RAS prices m 8 cwits/kg. FOB m bat* B NOON qose Buyon SeMero Royorj Seller* Int 1 eSS Prompt 2 1 7.50 218.50N 217.00 218.00 Int 1 RSS Mor 89 219.00 220.00N 218.50 219 JO bit 1 RSS Apr 221.00 222.00N 220JO 221 JO bit 2 RSS289 words
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Article390 1989-02-04 5 MALAYSIAN CRUDE PALM OIL FUTURES closed higher in slightly steadier trading on the KLCE yesterday. The higher prices were due to the better overnight Chicago Board of Trade close and the better cash market. Covering by the commission houses and some trade selling towards the end of the390 words
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Article316 1989-02-04 5 Soybean Wheat SOYBEAN FUTURES extended losses late with new crop relatively lower than old crop on commission house and professional selling on the Chicago Board of Trade on Thursday. Argus and Balfour Maclaine were the noted outright sellers of a total of three million bushels of new crop November during316 words
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Article83 1989-02-04 5 (canti/kg) MARCH 1989 APRIL 1989 (currant month) (forword month) RAS NOON NOON luyan S«ll«n lwy«ri Sa*Ur» SU 30 197.50 199.50N 197 JO 199 JON SSI 30 193 JO 197 JON 195 JO 197 JON MRELB fcryan Saltan Ivyan Saltan SM> CV 333.00 324.00N 334.00 336.00N SMR I83 words
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Page 5 Advertisements
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WORLD MARKETS
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Article, Illustration661 1989-02-04 6 Cash element crucial for successful bid Reuter MINERALS AND RESOURCES Corp Ltd (Minorco), whose £13 per share bid for Consolidated Gold Fields pic has been cleared by the UK government, is expected to make a new offer of up to £15.Reuter - 661 words
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402 1989-02-04 6 Reuter EUROPEAN CAR MAKERS under siege from Japanese competition are worried the European Community might be too soft in clearing Toyota's plans to set up a plant in an EC country, probably Britain. The EC's executive commissionReuter - 402 words
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324 1989-02-04 6 Reuter BP EXPLORATION Inc plans to spend about US$25O million on US exploration in 1989, or about the same as in 1988. Overall, the company's US spending on upstream operations will total about US$9OO million for the year, compared to US$l.l6Reuter - 324 words
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Article131 1989-02-04 6 NYT APPLE COMPUTER Inc said a shareholder's lawsuit has been filed against the company. The suit maintains that Apple failed to disclose in a timely manner information related to the company's expected financial results for its second quarter. Apple said last week that its secondquarter earnings wouldNYT - 131 words
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468 1989-02-04 6 Reuter CHRYSLER CORP's strong close in 1988 points to higher profits this yesr and confirms that its recent grab for market share is starting to pay off. industry analysts said on Thursday. While its overall profits were lowerReuter - 468 words
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Article1564 1989-02-04 6 Reuter ZURICH: Swiss share prices cloeed generally steady in fairly calm trading yesterday, dealers said. The Swiss Market Index of leading shares closed virtually unchanged at 1,473.8 (1,474.1) points while the all-share Swiss Performance Index was hardly moved at 959.2 points compared with 957.5 at Thursday's close.Reuter - 1,564 words
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Article, Illustration809 1989-02-04 6 New York Reuter US BLUE CHIPS posted their second straight closing loss on Thursday, failing to keep pace with the broader market. Analysts said some investors sold to lock in profits before January employment data were due to be released yesterday. The data was expectedReuter - 809 words
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Article, Illustration942 1989-02-04 6 London Reuter LONDON share prices opened mostly firmer yesterday, helped by gains in the futures market following an earlier mixed pattern of trading. A rise to record levels on the Tokyo stock exchange yesterday helped underpin sentiment after a mixed performance by Wall Street on Thursday.Reuter - 942 words
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Page 6 Advertisements
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Advertisement5 1989-02-04 6 Stockholm prtcos woro not available5 words
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REGIONAL MARKETS
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Article, Illustration1328 1989-02-04 7 Hongkong REFRESHED after a twoday correction. Hong Kong's bull market yesterday closed the Chinese Year of the Dragon by surging to its third postcrash high this week. Local buying, fierce enough to overcome substantial Institutional selling, sent the Hang Seng Index past the1,328 words
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Article168 1989-02-04 7 Reuter THE SECURITIES Exchange of Thailand Index rose 4.01 points to 445.36 yesterday on a turnover of 11.978,576 shares worth 957.82 million baht. fm os Ao Kham Thai Ayudhya InwUmint Bangkok Aground Bangkok Bank Bank 0» Ayudhya Charoooa Thai Wlra A CaMa AMT 446 30.29 115 »1Reuter - 168 words
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Article110 1989-02-04 7 Reuter SHARE PRICES on Manila's exchanges were pared substantially yesterday on the last trading day of the week on twin selling pressure from drops in metals prices and Wall Street-listed Philippine telephone stock, brokers said. "Our market is predominantly a mining market. so the rest of theReuter - 110 words
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Article140 1989-02-04 7 Reuter tHE SEOUL stock market rebounded yesterday after falling on Thursday, with heavy buying pressure centred on blue chips and construction shares, brokers said. The composite index rose 7.32 points to 885.74 near the close. The turnover was 312.46 billion won against Thursday's close of 218.42 billion.Reuter - 140 words
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Article203 1989-02-04 7 Reuter THE NEW ZEALAND share market powered ahead for the sixth straight day yesterday as overseas investors continued to snap up scrip from local institutions. The Barclays Index rose 17.56 points to 2,040.93, a rise for the week of 86.01 points or 4.4 per cent "It's prettyReuter - 203 words
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Article168 1989-02-04 7 Reuter BOMBAY share prices rose on heavy speculative buying yesterday, fuelled by rumours that some Indian companies may conclude lucrative deals with a visiting French business mission, brokers said. They said Reliance Industries Ltd, a textile company, was one of those tipped to agree on contracts withReuter - 168 words
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Article, Illustration584 1989-02-04 7 Tokyo Reuter TOKYO share prices rose to end the week at a new closing high in hefty trade yesterday on the back of buying in construction stock. Investors were encouraged that the dollar held under 130 yen overnight and yesterday, brokers said. "It's a bullish Friday we'veReuter - 584 words
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Article, Illustration508 1989-02-04 7 Australia Reuter A RUSH of domestic selling virtually wiped out promising early gains yesterday as the Australian share market's recovery faltered In the afternoon, dealers said. After climbing 8.7 points in the morning, the All Ordinaries Index was Just 2.0 ahead at 1,511.6 by the close of floorReuter - 508 words
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Article, Illustration668 1989-02-04 7 Reuter THE SALE of Deacon Chiu's Asia Television Ltd (ATV) stake to two companies backed by wealthy Hongkong families is expected to give the dominant TVB Ltd a run for its money. Malaysian businessman Robert Kuok recently acquiredReuter - 668 words
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234 1989-02-04 7 UPI A STRONG PERFORMANCE by the Coca-Cola Co in Asia helped the company achieve record worldwide gains in sales volume in 1968, the soft drink manufacturer's Asian division reported on Thursday. Coke's Asian operations recorded an 11 per cent volume increaseUPI - 234 words
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Article142 1989-02-04 7 AFP FAI INSURANCES Ltd has reported a 70 per cent plunge in net profits for the last half of 1988, but company officials say they are still satisfied with the result. Net profits for Australia's leading listed insurance group totalled A 536.34 million, down fromAFP - 142 words
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Page 7 Advertisements
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Advertisement39 1989-02-04 7 How to get to know people without even talking to them. Find out in SECRETS OF THE FACE HN\l OF A Coronet book Available at all good bookshops STP Distributors 2 Jurong Port Road Singapore 2261 Times Publishing Group39 words
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Advertisement7 1989-02-04 7 The Taipei markat report waa not available7 words
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Advertisement141 1989-02-04 7 OFFICIAL NOTICE PROPOSAL TO CHANGE NAME OF SHIP We. Sabang Marine Services Pte Ltd of 151, Chin Swee Road, #08-07, Manhattan House, Singapore 0316 hereby give notice that we have applied to the Registrar of Singapore Shlpe under Section 386 of the Merchant Shipping Act (Chapter 179 1985 Revised Edition)141 words
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Advertisement641 1989-02-04 7 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF WELLCODE TRADING PTE LTD (In Members' Voluntary Liquidation) Special Resolutions NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of WELLCODE TRADING PTE LTD duly convened and held at 1 Park Road, #04-32 People's641 words
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Advertisement656 1989-02-04 7 In the Matter of THE COMPANIES ACT (CHAPTER 50.) AND In the Matter of MADRAS GOLDSMITH PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL KvilKLr NOTICE IS HEREBY OIVEN that pursuant to Section 306 of the Companies Act, Chapter SO, the final meeting of the members of the Company656 words
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SES
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Article, Illustration1525 1989-02-04 8 Michelle Oh - By Michelle Oh THE STOCK MARKET ended the Dragon Year on a firm note as foreign investors and bargainhunters embarked on a buying spree despite a long weekend ahead and a fall on Wall Street. The Straits Times1,525 words
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Article91 1989-02-04 8 WEARNE BROTHERS LIMITED: 74th AQM at OCBC Centre, 65 Chulia Street #19-00, on Wednes- day, 22 Feb at 10.30 am. THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAD: 17th AQM at the Theatrette of the company, Balai Berita, 31 Jalan Riong, ***** Kuala Lumpur on Saturday, Feb 25, at91 words
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Article5694 1989-02-04 8 1flft Gr*s Gr's IW Hlnfri o/cra Tel Company Last Vol Day Last Quote Dtv Dlv r M Net M Cap nign Low Cod* Sale FEB 03 OC(•000) High Low Buyer Cot P/E tmll #V«1VI SESDAQ 187 114 t 4000 Amtek Eng 20< 124 1 210 124 1225,694 words
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KLSE
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Article, Illustration3302 1989-02-04 9 THE Kuala Lumpur stock market yesterday closed broadly up in the last session to the Year of the Snake in active trading. The higher closing calls for celebrations as investors were once again rewarded at the Chinese New Year rally. In contrast, share prices opened easier,3,302 words
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Page 9 Advertisements
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Advertisement0 1989-02-04 9 {<`,<;{;~;}$={.:'?!^>;:<%._@*^_0 words
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COMPANIES & STOCK MARKETS
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675 1989-02-04 10 MAGDALENE NG - Two million more shares bought on Tuesday By MAGDALENE NG THE SAMTA group has increased its stake in Sim Lim Investments Ltd (SLI) from 19 per cent to 23 per cent with the purchase of two million SLI shares on Tuesday. The purchase675 words
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Article, Illustration451 1989-02-04 10 ROSIE TAN - By ROSIE TAN PROPERTY GIANT Singapore Land Ltd announced yesterday that it intends to acquire the remaining 95.18 million shares or 46.3 per cent stake in Gateway Land Private Ltd (GLPL), the company which owns a partial-ly-completed, twin-tower office complex451 words
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373 1989-02-04 10 NST ANOTHER HONGKONG group has picked up a property in Kuala Lumpur Plaza Yow Chuan (Phase One) in Jalan Ampang, for Ms7o million. Low Yat Construction Sdn Bhd, which is part of the Low Yat group, said the deal was clinchedNST - 373 words
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Article122 1989-02-04 10 FORMER DIRECTOR of Great Pacific Finance, Low Chang Hian, 44, was remanded for another week after a brief appearance in the Subordinate Court yesterday. Low, who was also a former director of Hongkong-based Ka Wah Bank, is still being investigated by the Commercial Affairs Department.122 words
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189 1989-02-04 10 HERMAN Ronald Hochstadt is now executive chsirmsn of Neptune Orient Lines Ltd, the latest in s string of top-level corporate appointments for the retired veteran civil servant. Mr Hochstadt has been chairman of the listed national shipper since May 1984. His new appointment, which gives189 words
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Article107 1989-02-04 10 Reuter MALAYSIA MINING Corp (MMC) has won its appeal against an order to repay a tin-related loan to British merchant bank Kleinwort Benaon Ltd, part of the Kleinworth Benson Group pic. A London High Court judge had earlier ruled that MMC must repay £12.28 million plusReuter - 107 words
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Article, Illustration568 1989-02-04 10 msm mm*** < HOCK LOCK SIEW THE BIQ SELL for the region's newest carrier, Tradewinds, a protege of SIA, is on. Come Feb 21, Tradewinds will spread its wings over three of Thailand's most exotic resorts with a maiden flight to Pattaya and then HaadysiHOCK LOCK SIEW - 568 words
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Page 10 Advertisements
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Advertisement160 1989-02-04 10 CURRENCY INVESTMENT R. AMI RIC.W I XI'KI SS ItWK TEL: 321 3333 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we160 words
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Page 10 Miscellaneous
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Miscellaneous13 1989-02-04 10 COMBO] WrVOA*/ tort&s C/&TZ/ZPW A £/77t£'acra er /s/W0 JULZ by Martell m &wwiU'tr13 words
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Executive Lifestyle
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Article, Illustration1611 1989-02-04 11 VIOLET OON - We asked that it was the only time when they saw 'a whole duck, a whole chicken and a whole on the family dining table. In the words of Madam Wong Kim Hui, an 87-year-old great-grandmother born on Hainan Island, it was also the only time1,611 words
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Article, Illustration461 1989-02-04 11 YOU MIGHT WANT to know the different meanings of "Lunar Food" if your boss and company is rooted in Chinese tradition, or if you're dealing with Chinese clients if only to make sure you don't serve funeral food on an auspicious occasion! For the aspiring tycoon and youngPICTURE: Courtesy of Marina Mandarin - 461 words
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Executive Lifestyle: Enetertainment, the Arts & Pursuits
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Article, Illustration908 1989-02-04 12 ROGER LOH - SECOND SINGAPORE INTERNATIONAL FILM FESTIVAL By ROGER LOH FOR BETTER or worse, actress Joan Chen became the undisputed high point of the Second Singapore International Film Festival. She was the darling of the media during the time she was here, adding a sparkle of908 words
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Article, Illustration596 1989-02-04 12 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY PLAY OFF your long suit first in 3 NT. This tip was submitted by English bridge personality Patrick Jourdain for the 1988 Bridge Tips Competition which is sponsored by the Bols Royal Distilleries Company of the Netherlands every596 words
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Article, Illustration561 1989-02-04 12 SHORTTAKES FROM ITS COLO and blustery beginnings somewhere in one of the heaths of Scotland, golf has made rapid progress. Today, it is a multi-million dollar industry, linking players from all the major cities of the globe in one common brotherhood. It is a brotherhood561 words
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Executive Lifestyle: Pursuits
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Article, Illustration3005 1989-02-04 13 A group of reporters asked several professionals and business people what the Lunar New Year means to them as the 90s approach All in the family DRTAY ENG SOON, 49, Sr Minister of State, Education and MP, Eunos GRC DR TAY treasures3,005 words
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Article, Illustration320 1989-02-04 13 THE NEW YEAR is a time for reflection January 1, that is. During Chinese New Year, however, food rather than food-for-thought may be more on the mind. But record company WEA has provided occasion in the Year of the Snake for reflection. The company has sent320 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration729 1989-02-04 14 CHOW CHEE SUN - TRAVEL By CHOW CHEE SUN EIGHT HUNDRED DOLLARS only for a return ticket to Los Angeles? You must be joking! But it's true. And it costs only about $400 to go to Hongkong and $200 to Bangkok. If you sign up as a729 words
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Article780 1989-02-04 15 RICHARD SEAH - HEALTH By RICHARD SEAH TO EAT SNAKE, in Hokkien slang, means to skive. This is actually quite ironical. Because if a person literally "eats snake", probably the last thing he or she would want to do is hide in a corner and snooze away. Snake meat, the780 words
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Article723 1989-02-04 15 CINEMA: Cocktail starring Tom Cruise of Top Qun fame. Now showing at Orchard: 11; 1,30; 4; 6.30; 9.15. Short Circuit 2 starring Fisher Stevens, Michael McKean and Cynthia Gibb. Now showing at Cathay: 11; 1.30; 4; 6.30; 9.15 and at Marina: 1.30; 4; 7; 9.15. FEDS story about two723 words
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Article, Illustration611 1989-02-04 15 CHUA CHONG JIN - TRIATHLONS By CHUA CHONG JIN DANIEL CHENG calls himself "a global sports freak" and has been swimming, cycling and living up to that label for the past six to seven years. A flight engineer, 46-year-old Daniel plans his flying schedules so that he611 words
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Article, Illustration720 1989-02-04 15 N K YONG - Wine By N K YONG TENIMENTI di Barolo e di Fontanafredda, to give it its full name, is more than one of the largest estates in Piedmont, indeed in Italy. lis romantic origins, and its intimate connection with the royal household of Vittorio Emanuele 11,720 words
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Article, Illustration535 1989-02-04 16 CHUA CHONG JIN - CINEMA By CHUA CHONG JIN TO PREPARE for their roles as drink mixers in Cocktail, both Tom Cruise and Bryan Brown spent a few weeks training at a bartending school and with John Bandy, a skilful bartender who served as technical adviser to the movie. Why,535 words
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Executive Lifestyle: Sports
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Article, Illustration540 1989-02-04 17 BOXING AP FRANK BRUNO was having little problem battering sparring partner James Pritchard around the ring, much to the delight of the retirees who crowded inside a makeshift tent to watch the workout. Pritchard, a compact heavyweight, was supposed to be emulating MikeAP - 540 words
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544 1989-02-04 17 JEROME FANDOR - Oh TMCk With JEROME FANDOR IVAN ALLAN goes into the current Selangor Tunku Gold Cup meeting flushed with the success of his Colonial Chief in the HK$l.5 million Hong Kong Invitation Cup, his latest big race scalp. With his stable in544 words
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Article, Illustration608 1989-02-04 17 The truth Ryun beaten by sacrificial 'rabbit' TRACK AP THE TRUTH can now be told why Jim Ryun did not win the 1,500metre gold medal in the 1968 Olympic Games. At the time, Ryun, the world record-holder, was the favourite over Kenya's Kip Keino, whom he had beaten during theAP - 608 words
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246 1989-02-04 17 BASKETBALL AP THE New York Knicka again performed their magic act at Madison Square Garden, where even the NBA'a top teama tend to diaappear. "We were so pumped up, we were flying," Gerald Wilkina aaid after scoring 21 points aa the Knicka beatAP - 246 words
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310 1989-02-04 17 UPI FORMER World Boxing Association welterweight champion Marlon Starling called Lloyd Honeyghan anti-American on Thursday and said he'll take genuine dislike into the ring when he fights the World Boxing Council champion. "Let's put it this way I'm notUPI - 310 words
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Article, Illustration636 1989-02-04 17 WALTON MORAIS - DUNHILL CUP QUALIFYING COMPETITION By WALTON MORAIS THE HOME team performed beyond expectations, big guna Taiwan were forced to a playoff and European favourites Sweden entered by the back door after Switzerland were disqualified. In other words, there was no lack of drama on636 words
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Article, Illustration272 1989-02-04 17 SKIING AP US SKI FANS, who have had little to brag about in the last four yeara, are thrilled with Tamara McKinney. new holder of the women's world combined title in World Alpine skiing. "One could not have aaked for more," said George Gillett, chairmanAP - 272 words
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429 1989-02-04 17 CRICKET AFP BATSMAN Dean Jones rescued a threatened Test career with a magnificent unbeaten century to put Australia in command of the fifth Test against the West Indies in Adelaide yesterday. Jones struck an unbeaten 208-run partnership with skipperAFP - 429 words
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Executive Lifesyle: Personal Investment
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Article, Illustration926 1989-02-04 18 STOCK MARKET "IF THIS IS a bear market rally, it's the best ever," declared David Fuller in a clear jibe at Wall Street doomsayers and other stock pessimists. "As far as I'm concerned, if it walks like926 words
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434 1989-02-04 18 Andrea Borch - by Andrea Borch WESTERN EUROPEAN stock markets, which ranked among the best performing equity markets last year, still offer investors good prospects this year. They have started 1989 on a positive note. Markets in France, the Netherlands, Italy and Switzerland have given some of434 words
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Article162 1989-02-04 18 Loretta McLaughlen - *9 Loretta McLaughlen PSSSSST. Wanna make a quick 44 cents? Thanks to Singapore Land's recent $100.8 million issue of loan stock with warrants, it's easy. Now that the issue has closed, Sing Land has to adjust the conversion price of the earlier CULS issue162 words
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705 1989-02-04 18 CURRENCIES THE US DOLLAR should peak at around 1.95 West German marks and 133 Japanese yen in the first half of the year before falling in the second half. This is because of the three major economies,705 words
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331 1989-02-04 18 Wayne CW Lau - CONVERTIBLE ISSUES WARRANTS WMCHER I by Wayne CW Lau INVESTORS often ignore the dilution of a stock's value by the exercise of warrants and other convertible issues. For example, let's look at the dilution to the net asset value caused by property stock331 words
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Article, Illustration289 1989-02-04 18 SSsj Creavale Research SINGAPORE had anothar healthy waak with the Straits Times Industrial Index moving up 27.95 points to close at 1,143.43 yesterday. Average daily volume over the week was 62.12 million shares. However, given the strong fundamentals of Peninsular Malaysia's economy and given the globalCreavale Research; Source: Cresvate Research - 289 words
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Executive Lifestule: Letters to the Editor
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Article, Illustration790 1989-02-04 19 Pillal - Pillal Dnt Sir I refer to the article "A judgement reviewed The ISA habeas corpus case" (BT 18.1.89) by David Gabriel. David Gabriel has covered exceptionally well the ratio decidendi of the Court of Appeal in allowing the writ of habeas corpus by790 words
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760 1989-02-04 19 Tay Hian Chye - Tay Hian Chye Dear Sir With regard to the recent cases of equity and commodity cheata on small investors, I would like to highlight my experiences. My mother and my fiancee each opened an account with the same broker in an760 words
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551 1989-02-04 19 Ng Cheng Ques - Ng Cheng Ques Brut era Association Piif sir We refer to Mr lan Lancaster's article "Insurance broking future directions" in your BT special supplement on Insurance on Jan 26. We would like to comment on some of the statements made. The Singapore Insursnce551 words
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314 1989-02-04 19 Seen Shing - Seen Shing SABB Deer Sir The Singapore Aseocietion of Ship Suppliers (SASS) is appreciative of the fact that your writer was sufficiently intereeted in the matter to seek and incorporate the views of SASS in the article "Ship's chandler concerned over newcomer" in314 words
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210 1989-02-04 19 Ong Say Chlong - Ong Say Chlong for Director-General of Public Works Ministry of National Development Dmr Blr We refer to the letter "Planning the street of the 21st Century, Phase II" (BT 21.1.89). As we have stated before, the only way traffic lights can be phased out210 words
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379 1989-02-04 19 Richard Lim - Richard Lim Head, Public Affairs Department Ministry of the Environment Dmt Sir I refer to the letter by the executive secretary of Case, Mr Ivan Baptist, in BT, Jan 21. The Ministry of the Environment does not control the prices of food sold379 words
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Article484 1989-02-04 19 ENGLAND and America are said to be two countries separated by a common language. Linguistic divisions inside England are no less real. According to a new book, Does Accent Matter? The Pygmalion Factor, the British remain obsessed with accents, which are a form of social484 words
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Page 11 Advertisements
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Advertisement154 1989-02-04 11 CONNOISSEURS F O R COLLECTORS When choosing your Dun hill Elite, let The Hour Glass enhance the occasion. r/ f. <Vi A J. At Hie Hour Glass, u-e see ourselves as connoisseurs. And our customers as fellow collectors. Not cn)v can ue show you lite widest choice ofDunhill timefneces in154 words
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Page 12 Miscellaneous
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Miscellaneous742 1989-02-04 12 mfMMm 1 H2 4 H5 H6 H7 CRYPTIC PUZZLE ACROSS 9 Not last money? (5, 4) 10 It won't strike the spectators as entertaining? (4, 5) 12 Require that you should swallow (4) 13 Entertainment for CIA men? (8) 14 Can't hope to get water in dire trouble (7) 15742 words
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Page 14 Advertisements
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Advertisement317 1989-02-04 14 m jretiugolD Where to entertain. ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PAIM For between $26++ and $40+ you can select from our appetiser CjKILL buffet including seafood, smoked salmon and oysters. Choose from many lavish main317 words
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Advertisement258 1989-02-04 14 Toss Up Zrkospe^ 6 Peb 20 Feb Partake in the traditional tossing of Yu Sheng or Raw fish Salad for prosperity at the Ming Palace. Large portion $33.00 Small portion 18.00 Additional fish 6.00 LUNAR NEW YEAR SPECIALITIES Gather your family and friends and enjoy our lavish a-la-carte menu which258 words
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Advertisement180 1989-02-04 14 ROW THE CANTONESE WELCOME TO THE CHINESE NEW YEAR Ru Yi. the Hyatt's Cantonese restaurant which takes pride in its team of five Hong Kong chefs, will be the focal point of the Chinese New Year celebrations at Hyatt Regency Singapore All businessmen are advised to take "Yu Sheng" a180 words
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Advertisement247 1989-02-04 14 A n V*lJ m m m Cafe Plaza Chinese New Year Buffet 1 28 February Adults $14.50++ Children 9.00++ 5—12 February Adults Children Yusheng $18.00++ $12.00++ $15.00++ per plate A Plaza Hofrg, 7 »»»»»(UK)II»I ui«i»»iiini Beach Road. Singapore 0719 let: *****11 <rs v ►<~C V A Paramount Hotel Where the247 words
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Advertisement385 1989-02-04 14 Irs o revolution in Russian cuisine T. vO, I T_ yji 1?T a 1 Jffl The Belvedere's famed international buffets turn Russian this month, bringing you the romantic flavours of Red Square. Savour Eggs filled with Red Caviar, Dill and Paprika Prawns, Bef Stroganov, Shashlyk,. Liulia Kebab, Aleksander Torte, Charlottka385 words
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Page 15 Advertisements
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Advertisement263 1989-02-04 15 .4 I 4 n Sunday Brunch: A great family outing If s a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad and263 words
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Advertisement24 1989-02-04 15 The Great White Green Gold. A delightfully dry white wine from the Moselle region in Germany. Great with seafood, white meats and salad dishes.24 words
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Page 16 Miscellaneous
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Miscellaneous1739 1989-02-04 16 Shakespeare, Henry James and Jane Austen MOVIES VISION QUEST features Matthew Modine as Louden Swain, a high school wrestler recently turned 18. He has two goals: to beat the best wrestler in Washington State and to make Carta (Linda Fiorentino) take him seriously. (Today, Chmnnmt 5, 10.36pm) Laurence Olivier is1,739 words
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Miscellaneous1351 1989-02-04 16 SATURDAY BBC 88.8 mHz In VHF Band N SAM Newshour. 7.00 World News 7.00 Commentary. 7.18 From the Weeklies. 7.90 Multitrack 3. 0.00 Newsdesk. 8.90 Personal View. 0.48 Recording of the Week. 0.00 News Summary followed by Outlook. 0.28 Financial News. 0.90 Classical Record Review. 0.48 Book Choice. 8.48 New1,351 words
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Page 18 Advertisements
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Advertisement363 1989-02-04 18 The Sanwa Bank Limited INCORPORATED IN JAPAN Nonconsolidated Balance Sheets As at March 31, 1988 and 1987 Millions of Yen Report of Independent Certified Public Accountants To the Board of Directors of The Sanwa Bank, Limited We have examined the non-consolidated balance sheets of The Sanwa Bank, Limited, as at363 words
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Advertisement28 1989-02-04 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 092328 words
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Page 19 Advertisements
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Advertisement43 1989-02-04 19 BT welcomes letters from readers. Your letters must Include your signature, hill name, address and home and office numbers, If any. You may add a pseudonym If you wish. Address you letters to: The Editor Bueiness Times 390, Kim Seng Road Singapore 002343 words
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Advertisement66 1989-02-04 19 BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc. And, of course, the all-round executive cannot afford to miss Sewy's golf date every Tuesday. After66 words
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Page 19 Miscellaneous
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Miscellaneous77 1989-02-04 19 HPkPPV NGuJ VePiR MR sAmpson fDON'T TRY *ND OCE/O ime uP y THIS moRN'MC3» HAD A STINKING (j==, 17 >c. cr-n. \j£Treß FROm "TUG. INLAND PeVGNUC L-kv TLJCLFTH DAV OF rmd 0V "fine, spnc post r vat pemftNDVl 9 HR, 5 Tr T IPIS T RU£- lovg <Tl j «/s77 words
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Article, Illustration540 1989-02-04 20 UPI AP AUSTRALIAN Prime Minister Bob Hawke yesterday took two initiatives to boost his country's role in the Asia-Pacific by calling on fast-growing countries in the region to form an economic bloc, and then offering to staff an unarmed international supervisory force toUPI; AP - 540 words
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309 1989-02-04 20 JOHN THOMAS - By JOHN THOMAS GOSTELRADIO, the Soviet radio and television monopoly, has hired Saatchi Saatchi as its global advertising and marketing consultant after successfully airing a handful of foreign TV commercials, including one made in Singapore. The international agency will have to309 words
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331 1989-02-04 20 Reuter THE CHINESE government has officially invited Soviet President Mikhail Gorbachev to China, signalling an end to a 30-year breach in direct contacts between leaders of the two countries. The Foreign Ministry said in a statement that Foreign Minister Qian QichenReuter - 331 words
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235 1989-02-04 20 AFP THE NORTH Atlantic Treaty Organisation (Nato) and the Warsaw Pact wound up more than 15 years of talks in Vienna on reducing their forces in central Europe on Thursday without concluding a treaty. A group of 19 Warsaw Pact and Nato statesAFP - 235 words
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254 1989-02-04 20 OPPOSITION politician Seow Khee Leng was yesterday made a bankrupt for owing the Prime Minister more than $200,000 arising from a defamation suit. The 48-year-old businessman and former secretary-general of the Singapore United Front (SUF) was sued by Mr Lee254 words
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Article61 1989-02-04 20 Reuter INDONESIA'S Housing Minister has called on the country's ethnic Chinese population to mix more with the rest of society. Siswono Yudohusodo told reporters on Thursday that people of Chinese origin should not live in exclusive areas. Officials have recently expressed concern that an expensiveReuter - 61 words
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334 1989-02-04 20 AP AFP SOUTH KOREA is conducting secret negotiations with North Korea in order to realise a summit meeting between Presidents Roh Tae-Woo and Kim 11-Sung by the second half of this year, newspapers in Seoul reported yesterday. Press reports said Mr Roh'sAP; AFP - 334 words
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303 1989-02-04 20 DEXTER LEE - By DEXTER LEE SINGAPOREANS travelling across the Causeway for their Lunar New Year holidays faced problems buying Malaysian ringgit at most money changers in the past few days. A check with several money changers yesterdsy showed that many of them303 words
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395 1989-02-04 20 Reuter AFP EXILED resistance leader Prince Norodom Sihanouk will head a meeting of Cambodia's threeparty guerilla coalition in Beijing next week to prepare for crucial peace talks in Indonesia, his office said yesterday. A statement said the meeting had been called by KhmerReuter; AFP - 395 words
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123 1989-02-04 20 UPI PACED by a record trade surplus, Japan's current account surplus in December grew 7.1 per cent over the previous month to the second highest on record of U559,274 billion, the Finance Ministry announced yesterday. In 1988, the current account surplus fell toUPI - 123 words
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Article96 1989-02-04 20 Reuter COMEX gold futures bounced back to about unchanged on dealer buying early yesterday after suffering early losses on the dollar's jump on a strong gain in the January US non-farm payroll employment. April gold recovered to show a loss of US$O.2O at U*****.70 an ounce,Reuter - 96 words
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LATE FILE
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Article50 1989-02-04 20 AFP A MULTI-BILLION dollar economic rehabilitation plan for the Philippines, endorsed by President George Bush and Japanese Prime Minister Noboru Takeshita, should be launched by the middle of this year under World Bank supervision, US and Japanese aid officials said in Manila yesterday. AFPAFP - 50 words
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Article36 1989-02-04 20 AFP THE Philippine trade deficit widened by 21.4 per cent to US$l.2 billion in the first 11 months of 1988 though export revenues slightly outpaced imports, the Central Bank said yesterday. AFPAFP - 36 words
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Article68 1989-02-04 20 Bernama THE Indonesian immigration authorities have agreed to extend their fullest cooperation to Malaysia. Thailand and Singapore in detecting forged passports of those countries, following a series of meetings with officials of the embassies of the three countries in Jakarta after the discovery on MondayBernama - 68 words
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Article38 1989-02-04 20 AFP troops quit Kabul MORE THAN 24,000 Soviet troops have been airlifted to the Soviet Union from Afghanistan, the Soviet military daily Krmsnsya Zvezda said yesterday as the Soviet withdrawal appeared to reach its peak. AFPAFP - 38 words
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Article49 1989-02-04 20 AFP A BURMESE passenger plane on a domestic flight crashed immediately after takeoff from Rangoon airport yesterday, killing 26 people on board. Three people aboard the Dutch-made Fokker F-27 turboprop, which was carrying 25 passengers and a crew of four, were Injured. AFPAFP - 49 words
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Page 20 Advertisements
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Advertisement256 1989-02-04 20 ofy° uV \n the i vr rVrf\h^ oake th« \on» *w C—« I SINGAPORE BUSINESS AN OFFER YOU CANNOT REFUSE! JANUARY WINNER: EDDIE LIM HUNG HUAT IC No: *****61/G Two more computer sets to be won one each in February and March '89 THE GIFT YOU WILL RECEIVE 4^ SUBSCRIPTION256 words
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