The Business Times, 18 March 1989

Microfilm: NL16518
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, March 18-19 1989 75 CENTS
    12 words
  • Article
    FINANCIAL NEWS SUMMARY
    266 1 Dow lower 1 US SHARE PRICES took a nosedive in mid-morning trading yesterday on the news that US wholesale prices had risen one per cent in February. At one stage, the Dow Jones was off 50 points, prompting an automatic stop in computerised program trading one of
    266 words
  • Article
    Lock icon US wholesale prices up 1pc last month
    127 1 UPI WHOLESALE prices in the US shot up a full one per cent last month, matching January's increase and bringing wholesale inflation for the year to 12.6 per cent, the US Labour Department said yesterday. The one per cent increase compares with an
    UPI  -  127 words
  • Article, Illustration
    Higher close for S'pore
    139 1 THE SINGAPORE market closed marginally higher yesterday while other regional markets drifted lower. Increased buying in the afternoon helped Singapore share prices close generally higher in hectic trade. The Straits Times Industrials Index closed 1.74 points higher to end at 1,187.53. The broader-based Business Times Composite
    139 words
  • Article
    US dollar breaks through 131 yen
    83 1 THE US DOLLAR yesterday broke through the 131 Japanese yen level on the Tokyo currency market for the first time since October 12 last year. Dealers attributed the dollar's rise to remarks by the Japanese Finance Minister Tatsuo Murayama which squashed market worries over
    83 words
  • Article
    Steamers Maritime gets warm response for public offer
    256 1 STEAMERS MARITIME Holdings, the shipping and distribution company that Straits Steamship is floating off, is attracting a warm reception for its public offer of 25.2 million shares, with early indications pointing to an oversubscription rate of between 25 and 30 times. Applications
    256 words
  • Article
    Substantial pay rises for civil service next month
    628 1  -  By ANNA TEO MOVES are underway to "free up" the civil service starting with substantial pay rises from next month to close the gap with the private sector so as to help the service attract and retain its share of talent. Trade
    628 words
  • Article
    Big block of 15m Mill shares changes hands at $2.29 each
    290 1 ANOTHER big block of Malayan United Industries shares changed hands for $34.5 million yesterday as strong buying of the counter continued unabated after a brief suspension on Thursday afternoon. The block of 15.07 million shares was "married" through brokers
    290 words
  • Article
    Lock icon Japan's economy shows best performance in 15 years
    254 1 Reuter JAPAN TURNED in its best economic performance in 15 years in 1988 as the economy registered robust 5.7 per cent growth, the Japanese government said yesterday. Strong domestic demand powered the economy ahead last year as consumers and companies went on
    Reuter  -  254 words
  • Article
    Lock icon Threat of overheating remains: BOJ
    154 1 Reuter JAPAN'S growth has slowed down to more sustainable levels, but the threat of the economy overheating remains, a senior Bank of Japan official said. The official said the economy has slowed as consumers held back from spending during the long illness of the late
    Reuter  -  154 words
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      Page 1 Advertisements Column 1
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      228 words
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      Page 1 Advertisements Column 2
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      263 words
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  • YESTERDAY IN PARLIAMENT
    • Article, Illustration
      University fees: Dr Tan addresses nub of issue
      649 2  -  MINISTRY OF EDUCATION By ZHOU MEI THE SCHEDULED increase in university fees announced on March 7, 1989 is the consequence of a policy decision and the central issue, according to the Education Minister, is how tertiary education should be financed. Dr Tony
      649 words
    • Article
      Teaching of core values discussed
      305 2 CORE VALUES came up for scrutiny in the House yesterday. MPs Dr Aline Wong (Tampines GRC) and Goh Choon Kang (Braddell Heights) both raised the issue of the teaching of religious knowledge (RK) in schools and urged the Education Minister to reconsider seriously whether the
      305 words
    • Article, Illustration
      Singapore must go for economic diplomacy, says Kan Seng
      412 2  -  MINISTRY OF FOREIGN AFFAIRS By MARTIN SOONG SINGAPORE'S foreign policy in the changing world order must focus on exercising increasing economic diplomacy as it enters the post-industrial age, said Foreign Affairs Minister Wong Kan Seng yesterday. Aware of the development of
      412 words
    • Article
      Kan Seng on Queen's Counsel
      183 2 SINGAPORE may be forced to consider banning all Queen's Counsel from practising here if Whitehall continues to press the case of Anthony Lester, Foreign Affairs Minister Wong Kan Seng said yesterday. During parliamentary debate on the Ministry of Foreign Affairs Budget allocation, Mr Wong said
      183 words
    • Article
      Asean cooperation and unity must not weaken: Teik Soon
      206 2 IN FINDING a comprehensive political solution to the Cambodian problem Asean must not waaKen their cooperation and unity, cautioned Serangoon Gardens MP Dr Lau Teik Soon yesterday. While recognising that the improved international political climate was conducive to a peaceful resolving
      206 words
    • Article
      'Half-tank' ruling clarified
      137 2 THE RECENTLY proposed "half-tank" petrol riding is not meant to discourage Singaporeans from travelling and visiting Johor Baru, Foreign Affairs Minister Wong Kan Seng clarified yesterday Mr Wong, who is also the Community Development Minister, said the proposal contained in amendments to the Customs Act is to
      137 words
    • Article
      Committee to seek other measures to make civil service more attractive
      430 2  -  CIVIL SERVICE PAY RISE By ANNA TEO WITH the salary revision for major arms of the civil service underway, the Committee on Scholarships and Civil Service Careers headed by BrigadierGeneral (Res) Lee Hsien Loong will move on with other
      430 words
    • Article
      Salary revision will not be a one-off exercise: BG Lee
      352 2 EVEN AFTER the latest round of pay increases in the civil service, the gap with salaries in the private sector is not completely closed, especially at the higher grades. Therefore, the present civil service salary revision will not be a
      352 words
  • HOME NEWS
    • Article
      All Nippon Airways to fly to S'pore as soon as pilots are available
      380 2  -  By JOHN TAN ALL NIPPON AIRWAYS. Japan's largest domestic carrier, will launch flights to Singapore as soon as it can find enough pilots. This is expected to be within the next year or so. In a press
      380 words
    • Article
      No claims for gold left in SIA plane
      121 2 NO ONE LAID claim to two packets of gold worth $347,000 (US$180,000) found inside a Singapore Airlines passenger plane which landed in Kathmandu on Thursday. An SIA spokesman confirmed the gold incident but could not give further details. He said the SIA
      121 words
    • Article
      Robotics festival to help promote automation
      246 2 LIFE IN THE 21st century will probably mean more brainwork, more play and less leg work. Running around and other mundane chores will be relegated to robots. But while the tea-making, manpampering automaton is not yet.l robots are already a big part of our
      246 words
    • Article
      SHIPS IN PORT
      1107 2 AT CONVENTIONAL WHARVES VmmI Berth Arrival Departure KEPPEL WHARVES Ana 001 K27 olonguda 20 03/0600 Coral rcva.it US olongtida 18 03/1745 tquoto> K22 olongtida I903AOT0 Goldan Wonder K28 aiongvdn 19 03,1500 Koto Bar lion K33 olongtida 1803/1830 Kola lotna K3I olongtida 1903*1700 *0"0 Won/no «2 olongtida 1903/1830
      1,107 words
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  • OVERSEAS
    • Article
      Lock icon Economists expect China's budget deficit to grow
      348 3 Reuter CHINA'S 1969 budget, to be announced next week, will show a larger deficit than last year because of record inflation, rising subsidies and tax evasion, Chinese and western economists said. But the deficit will remain a much lower proportion of gross national
      Reuter  -  348 words
    • Article
      Lock icon Fall in British industrial output and unemployment
      358 3 AFP BRITISH industrial output fell in January and unemployment in February, the government announced on Thursday. Separately, the Treasury announced a surplus of C 1 billion for the whole public sector (central government, local authorities and government-owned companies) for February, the 11th month
      AFP  -  358 words
    • Article
      Lock icon Soviets to keep collective farms
      143 3 Reuter COMMUNIST PARTY leaders debating Kremlin chief Mikhail Gorbachev's call for sweeping agrarian reforms made clear on Thursday that collective farms will remain. On the second day of a Central Committee plenum, the Tass news agency said some speakers reported land leasing had increased food
      Reuter  -  143 words
    • Article
      Lock icon Draft bill violates Sino-Philippine ties, says China
      102 3 AP CHINA'S Foreign Ministry said a Philippine draft bill on trade with Taiwan would violate the principles of Sino-Philippine relations and urged the Philippine parliament to kill the bill. Ministry spokesman Li Zhaoxing on Thursday called on Philippine lawmakers to "refrain from anything
      AP  -  102 words
    • Article
      Lock icon US economy showing signs of slowdown
      311 3 AFP FT THE US GOVERNMENT reported on Thursday a slowdown in new housing starts, a drop in the percentage of factory capacity being used and no change in industrial production. What would be bad news for many nations is being welcomed by analysts as
      AFP; FT  -  311 words
    • Article
      Lock icon Defeat likely for disclosure bill
      213 3 FT THE Bush Administration and western diplomats in Washington are confident of being able to defeat the controversial Bryant Bill, which requires increased disclosure of foreign investments in the US. The bill resurfaced in Congress last month after being defeated as part of last year's
      FT  -  213 words
    • Article
      Lock icon Philippine Senate supports IMF aid programme
      221 3 Reuter THE PHILIPPINE Senate has agreed, with some reservations, to support an economic adjustment programme drawn up by finance officials with the International Monetary Fund (IMF), Senate President Jovito Salonga said on Thursday. He said a consensus to accept the deal was reached after
      Reuter  -  221 words
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      351 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      226 3 wm YS/". (°C) 24/13 Fin* 07/00 Rain 18/07 CWar 24/18 CWor 31/22 Clear 29/21 Cloudy 17/05 CWor 15/08 Cloudy 14/03 CWar 11/03. CWar 25/20 Cloudy 11/07 Cloudy 25/20 Showers 13/04 Rain 12/07 Cloudy 29/21 CWor 22/10 CWar •11-15 Snow 17/11 Cloudy 27/17 CWor 01-03 Rain 07/04 CWar 29/23 Cloudy 08/01
      226 words
    • Miscellaneous
      Page 3 Miscellaneous Column 2
      56 3 Doonesbury IF THE POMNTOU/N crohuo coulp see Me NOW... < APPROPRIATING erOm me masters WITHOUT A TRACB OF IRONY.' cp s Ok *1 C(« BY GARRY TRUDEAU TOACCePTA JOB UKB THIS, YOU HAVE TO Keep TBLUN6 YOURSELF OHe < THING CNBRANP a oveß... HFf.UPWRB 1 &ve THOSE NYMPHS SOMe HOOTBXS!
      56 words
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  • MONEY AND EXCHANGES
    • Article, Illustration
      Forex markets
      1729 4 SINGAPORE: DESPITE the central banks inducing only a marginal setback with yesterday's coordinated intervention, caution against another round of dollar sales kept the US dollar confined to a narrow range: D-mark 1.8720/1.8675. yen 131.35/130.90. GBP 1.7196/1.7165 and S$ 1.9390/1.9373. Bias is however, still up. encouraged by the Boj's
      1,729 words
    • Article
      Lock icon Simex
      472 4 BA Futures Inc. JUNE EURODOLLAR futures yesterday opened 4 ticks higher than Thursday Simex close at 8934 underpinned by a lower housing starts and capacity utilisation number. Trading was lacklustre ahead of last night's producer price index figure expected to be 0.5 per cent. The June Eurodollar contract traded
      BA Futures Inc.  -  472 words
    • Article
      IMM
      246 4 IMM currency futures firmed in late trading to end narrowly mixed on Thursday. Shortcovering and profit-taking pulled values up near the close as traders prepared for yesterday's February US Producer price index (PPI) figures. Many expected PPI to rise 0.5 per cent and January's substantial 1.0 per cent rise
      246 words
    • Article
      Goverment Securities Market
      103 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WD OfFtR HIGH LOW 3 months BQ*****W 15.06.89 3.52 3.47 3.65 3.50 6 months BS*****N 17.08.89 3.77 3.72 3.79 3.73 1 year BY*****H 23.11.89 3.87 3.82 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      103 words
    • Article
      Asian dollar market
      303 4 ASIAN dollar deposit rates ended at their opening levels in thin trade yesterday, with operators awaiting US February producer price index data at 1330 GMT. Term rates weakened 1/16 point at the outset on news of a sharp 11.4 per cent decline in US February housing starts
      303 words
    • Article
      Options
      1324 4 CURRENCY FUTURES OPTIONS Frldoy, Mor 17, 1989 DEUTSCHE MARK (SIMEX) Apr M caNa Htah Low Salt Apr High 88 puis Lav Saa 1 1 1 1 ,1111 13 4 2 49A IISA 47 113 Mm M cat la High Low Satt Mm High 88 puis Lav Satt SI 32
      1,324 words
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      Page 4 Advertisements Column 1
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      83 words
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      Page 4 Advertisements Column 2
      12 4 SINGAPORE rni 11: i A MONTHLY MAGAZINE OF BUSINESS TRENDS MARCH 1989
      12 words
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  • BANKING AND FINANCE
    • Article
      Comex gold/silver futures
      158 5 Gold futures on Mar 16, 1989 100 troy ounces; USS per troy ounce Opan High Low SoWo Mor 389.80 -2.30 Apr 393.00 393.70 389.80 391.30 -2 50 May 393.70 -2.50 Jun 398.00 398.50 394.60 396.10 -2.40 Aug 403.40 403.60 401.00 401.60 -2.40 Oct 407.00 408.20 406.30 407.50
      158 words
    • Article
      World interest rates
      179 5 Interbank market rates (offer/bid) on Mar 17 US$ DM SWFC Y«i 7 day* 9 7/8 3/4 13 1/16 13 15/16 5 13/16 11/16 5 4 7/8 4 5/16 3/16 1 nMh 10 1/16 9 15/16 13 12 7/8 6 1/8 6 5 5/8 5 1/3 4 7/8
      179 words
    • Article
      Precious Metals
      431 5 HONGKONG: GOLD closed little changed in quiet trading with selling from Japanese and Australian investors. Dealers said only light physical demand in the dealing but European firms buying emerged in the latest session. Dealers expected gold to trade between US$3B7 and US$392 an ounce. Bullion ended at U*****.00/389.50
      431 words
    • Article
      Money markets
      70 5 THE OVERNIGHT RATE on the Singapore money market fell by 3/8 point to close at 4 5/8 per cent yesterday. The one and three-month rates remained unchanged while two-month rates rose by 1/16. S$ Interbank rates at the close yesterday: Of«t MO Ow. nigN 4 5/8 4 1/3
      70 words
    • Article
      Lock icon Plan could cut debt by 20pc
      153 5 AP THE CHIEF architect of the US debt-reduction initiative estimated on Thursday that the plan could cut the total debt owed by 39 Third World countries by about 20 per cent over the next three years The estimate by Assistant Treasury Secretary David Mulford
      AP  -  153 words
    • Article
      Lock icon Taipei bank plans bid for Hang Lung
      134 5 AFP TAIWAN'S Overseas Chinese Commercial Banking Corp said yesterday it was planning to offer an undisclosed sum to acquire the failed Hang Lung Bank Ltd of Hongkong. The bank, owned by ethnic Chinese abroad, is being advised by Britain's Standard Chartered Bank and
      AFP  -  134 words
    • Article, Illustration
      Some companies fight shy of lease financing
      398 5  -  Confusion over new accounting standard By QUAK HIANG WHAI A NEW ACCOUNTING standard for the leasing industry, which took effect from January this year, has discouraged a number ot companies from opting for lease financing, said Mr Yim Wing Pau. honorary secretary of
      398 words
    • Article
      Jakarta state banks to compete in retail banking, says BNI head
      360 5  -  By HONG LEE TIAM INDONESIA'S state-owned banks can be expected to give a tough fight to the 60-odd private banks in retail banking activities following last October's financial deregulation. said Mr Widigdo Sukarman, the managing director of Bank Negara
      360 words
    • Article
      Jakarta bank venture 'imminent'
      114 5 THE SETTING UP of a Singa-pore-Indonesia joint venture bank in Jakarta is imminent with the recent banking deregulation in Indonesia. According to Bank Negara Indonesia's managing director Widigdo Sukarman yesterday, this will "improve the level of banking activities between the two countries". He said Bank Negara
      114 words
  • COMMODITIES
    • Article
      Produce Prices
      235 5 Chinese Produce Exchange Sellers' noon dosing prices on Mar 17 (S$/100 kg) Coconut oil Bulk FOB 108.00 CHd drum FOB 118.00 New drum FOB 122.00 Copra Mixed (loose) 65.00 sellers Pepper Muntok white FOB NIW 740.00 Sarawak white FOB faq NLW 730.00 Sarawak special block FOB NLW 545.00
      235 words
    • Article
      London markets
      262 5 London Commodity Exchange Buyer/Seller closing prices on Mar 16, {£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-rtore London, sellers option CIF London Mor 1172/75 (1170/75) High/Low 1171/60 May 1150/52 (1145/46) High/Low 1155/40 Sales (4060) Cocoa Mor 847/850 (836/837) High/Low 854/840 May 856/857 (851/852) High/Low 867/859
      262 words
    • Article
      Rubber
      228 5 SINGAPORE: Rubber prices ended lower yesterday with April 1 RSS buyer quoted at 206.50 cents a kg. down 1.50 cents from Thursday's close. Prices (ell in quiet afternoon trade. On the TSR-20 Award market, prices also moved lower. April buyer was quoted at 178.00 cents a kg. down three
      228 words
    • Article
      RAS and MRELB
      266 5 RAS prices In S cents/kg. FOB In balM NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 208 00 209.00N 206.50 207.50 Int 1 RSS Apr 89 208.00 209.00N 206.50 207.50 Int 1 RSS May 207.25 208.25N 205.50 206.50 Int 2 RSS OP 201.00 203.00N 199.50
      266 words
    • Article
      SSR and SMR
      74 5 (canti/kg) APRIL 1969 MAY 1989 (currant month) (forward month) RAS NOON NOON lwy«rs 8uy«n S«U*n SSB 30 106.50 188 50N 186.50 188.50N SSfi 50 184.50 186JON 184.50 186.50N MRELB •uyan Stlm S*H*n SMR CV 393.00 395.00N 395.00 397.00N SMR I 393.00 394.00N 394.00 396.00N SMI 5 373.50
      74 words
    • Article
      KL Tin
      166 5 A LACK of buying interest as reflected on the small offerings by miners saw the Kuala Lumpur Tin Market (KLTM) price close six cents lower yesterday at M 524.37 a kg in quiet trading. traders said. Turnover fell to 30 tonnes from 60 on Thursday. The KLTM's premium
      166 words
    • Article
      Lock icon Crude Oil and Products
      191 5 Telerate FUEL OIL PRICES were steady-to-stightly higher in the Singapore market yesterday Fundamentals were little changed but sentiment remained bearish. A deal reportedly done for April CSTIBO by a Japanese Shosha and an independent at $83 mt fob Sing is not accepted as fully market indicative
      Telerate  -  191 words
    • Article
      Palm Oil
      482 5 MALAYSIAN crude palm oil prices closed steady to marginally higher yesterday. March North region rose M 52.50 to M 5945 a tonne while South traded unchanged at M 5952.50. The refined palm oil market was also dull. April/June RBD palm olein was offered at U*****.50 a tonne while
      482 words
    • Article
      Lock icon Soybean
      164 5 Reuter SOYBEAN futures on the Chicago Board of Trade, which extended losses at midday, recovered late on Thursday as local houses returned to the market to cover short positions, traders said Late noted buyers of May soybeans in an extremely thin market were O'Connor and Shatkin. Prices closed up
      Reuter  -  164 words
    • Article
      Wheat
      85 5 WHEAT futures on Chicago Board of Trade ended marginally off on Thursday on commission house selling late, traders said. The active May contract was the only one from across the board to end slightly up. It also briefly posted a new contract high of U554.45 a bushel early. Late
      85 words
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  • WORLD MARKETS
    • Article, Illustration
      Lock icon Strong finish for blue chips
      863 6 New York Reuter AN IMPROVING investor outlook on the direction of interest rates and intermittent futures-related program buying propelled blue chip prices on Wall Street to a strong finish on Thursday. Brokers said economic figures released helped assuage inflation fears and attracted buyers to stocks.
      Reuter  -  863 words
    • Article, Illustration
      Lock icon Equities open below 2,100
      1004 6 London Reuter A STEEP fall in brewing shares damaged sentiment on the wider market in London yesterday and the FTSE index of 100 leading UK shares opened just below the psychologically important 2,100 support level, dealers said. The index opened 13.3 points down at 2,099.3, shrugging
      Reuter  -  1,004 words
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      1610 6 Reuter PARIS: French share prices extended gains in moderately active trading yesterday with business spurred by buying on Perrier, Valeo and blue chips, dealers said The 50-share price indicator was up 0.69 per cent by 1145 GMT after starting 0.29 per cent up French February inflation data
      Reuter  -  1,610 words
    • Article
      Lock icon CBOT unveils new electronic system
      591 6 Exchange hopes to steal a march on Globex FT THE CHICAGO BOARD of Trade, the world's largest futures exchange. unveiled yesterday at the futures industry convention an after-hours electronic trading and order routing system, which it claims is the most technologically sophisticated of its kind.
      FT  -  591 words
    • Article
      Lock icon Fokker poised for sale of up to 150 aircraft to American Airlines
      595 6 IHT FOKKER NV, the Dutch aircraft manufacturer, said on Thursday that it is in the final stages of negotiating the sale of as many as 150 Fokker 100 aircraft to American Airlines Inc in a deal worth up
      IHT  -  595 words
    • Article
      Lock icon Jaguar averts strike, announces 50pc fall in pre-tax profits
      323 6 Reuter BRITISH luxury-carmaker Jaguar averted a potentially damaging pay strike on Thursday, the same day that it announced pretax profits fell 50 per cent last year. The company's 9,000 manual workers voted by a large majority to accept a 10 per
      Reuter  -  323 words
    • Article
      Lock icon Toray to raise fibre output
      117 6 UPI TORAY INDUSTRIES Inc, Japan s top synthetic fibre maker, will increase production of carbon fibre and bolster its marketing efforts worldwide to meet growing demand. The Tokyo-based company said this week that domestic production will be increased by 50 per cent to 2,250 tons
      UPI  -  117 words
    • Article, Illustration
      Lock icon Swissair reports rise in 1988 profit
      230 6 UPI SWITZERLAND'S national airline Swissair reported on Thursday an increase in 1988 revenue and profit, a new service to Los Angeles and a cooperation agreement with the third-largest US carrier Delta Swissair said income last year was up by 7 per cent at 4.3
      UPI  -  230 words
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  • REGIONAL MARKETS
    • Article, Illustration
      Shares finish down on profit-taking
      1379 7 Hongkong PROFIT-TAKING yesterday put pressure on prices of blue chips which ended lower despite Hongkong Land's improved final result and its special bonus of HK$2, brokers said. The Hang Seng index closed 13.91 points lower to its intra-day low of 3,136 94 after a 22-point
      1,379 words
    • Article
      Lock icon Taipei: Mixed close
      530 7 Reuter TAIWANESE share prices finished mixed yesterday after a late surge of bargain hunting helped to pull the index off its low for the day, dealers said. The weighted index dropped 92.64 points, or 1.3 per cent, to finish at 7,126.61 against Thursday's 7,219.25 close and a
      Reuter  -  530 words
    • Article
      Lock icon Bangkok: Index down
      165 7 Reuter THE SECURITIES Exchange of Thailand Index fell 3.04 points to 440.98 yesterday on a turnover of 15,902,127 shares worth 1,224.65 million baht. MAR 17 BAHT Ao Kham Thai 428 -8 Ayudhya Investment 38 25 -05 Bangkok Agro-lnd 123 4 Bangkok Bank 275 -2 Bank Of Ayudhya
      Reuter  -  165 words
    • Article
      Lock icon Manila: Selective buying
      94 7 Reuter PHILIPPINE SHARES stabilised at the start of a quiet session and closed mixed to firmer yesterday, brokers said. "The market stabilised at the opening. It was really meant to go up. I guess Thursday marked ther end of selling activity and the market has technically been
      Reuter  -  94 words
    • Article
      Lock icon Bombay: Thin trading
      194 7 Reuter BOMBAY share prices finished lower in poor volume yesterday with many dealers keeping to the sidelines to handle account paperwork, brokers said. Higher contango (car-ry-forward) charges that were fixed on the Calcutta stock exchange on Thursday unnerved the market. Contango charges were fixed at 54 per
      Reuter  -  194 words
    • Article
      Lock icon Seoul: Gains erased
      207 7 Reuter SOUTH KOREAN investors took profits in late trading yesterday, erasing most of the gains made in the morning when it neared the 1,000-point mark, brokers said. The composite index was up 1.91 points from Thursday's close to 988.00 near the finish after climbing to 997.05 at
      Reuter  -  207 words
    • Article, Illustration
      Lock icon Stocks close lower
      601 7 Tokyo Reuter TOKYO share prices fizzled out from initial highs to end lower in moderate trade yesterday. Investors, jittery over the possibility of higher domestic interest rates on a stronger dollar and higher oil prices, decided to take profits and sit it out ahead of the weekend,
      Reuter  -  601 words
    • Article, Illustration
      Lock icon Market ends easier
      568 7 Australia Reuter HEAVY SELLING in troubled Chase Corp led a late slump on the Austra- lian share market yesterday, wiping out earlier gains to end easier by the close, brokers said. They said jittery investors sold the market down after Chase plunged eight cents to 0.30 in
      Reuter  -  568 words
    • Article
      Lock icon Need for NZ's Chase Corp to improve cash flow
      614 7 Reuter FEW ANALYSTS are willing to lay their heads on the block to forecast New Zealand property company Chase Corp Ltd's six months result to Dec 31. Rather, they point to a dire need for the former high-flyer to improve its
      Reuter  -  614 words
    • Article
      Lock icon Tokyo to tighten new listing rules
      151 7 Reuter THE JAPANESE Finance Ministry will tighten rules governing new share listings from April 1. Under the revised rules, companies will have to submit a report to the ministry on any change in its shareholders during the 2K years before listing. They also must
      Reuter  -  151 words
    • Article
      Lock icon Elders Resources NZFP to join bidding contest for NZ Steel
      450 7 FT ELDERS Resources NZFP (ERN), the Australasian forestry and mining group created last year through the merger of NZ Forest Products with the Resources offshoot of John Elliott's Elders IXL, on Thursday signalled a renewal of its expansion plans. ERN
      FT  -  450 words
    • Article
      Lock icon Manila orders sale of confiscated shares
      204 7 Reuter BENGUET CORP. Philippines' largest gold producer, said the government had ordered it to auction 5.15 million of its shares which were confiscated in 1986 on suspicion of their being illegally acquired by a relative of deposed president Ferdinand Marcos. It said the Presidential
      Reuter  -  204 words
    • Article
      Lock icon Dairy Farm sees growth outside HK
      217 7 Reuter DAIRY FARM International Holdings Ltd sees its major growth opportunities outside its Hongkong base, managing director Owen Price said. "I think down the track two or three years more will come from overseas We have so much in Hongkong that it is hard
      Reuter  -  217 words
    • Article
      Lock icon Nikko launching Japan fund in Spanish pesetas
      118 7 Reuter NIKKO Investment Trust and Management Europe Co Ltd, a subsidiary of Nikko Investment Trust and Management Co Ltd, is launching a Japan fund denominated in Spanish pesetas. A company official said it was the first time a Japanese investment trust firm had
      Reuter  -  118 words
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      Page 7 Advertisements Column 1
      9 7 Managers must manage. BT shows you how every Monday.
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      Page 7 Advertisements Column 2
      295 7 SAN HOLDINGS BERHAD Incorporated in Malaysia NOTICE OF IvfEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annua/ General Meeting of San Holdings Berhacl will be held at 9th Floor, Wisma Central, Jalan Am pang, ***** Kuala Lumpur, Malaysia on Friday, 31st March 1989 at 9.510 a.m. AGENDA 1. To receive
      295 words
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  • SES
    • Article, Illustration
      Market continues its two-week climb with 1.74-point gain
      1138 8  -  By ANDREA BORCH THE LOCAL MARKET continued its two-week climb of consecutive daily gains, adding 1.74 points in hectic trading yesterday. Activity was centred on selected properties, warrants and situational stocks. Malayan United Industries again topped the active stocks list, with 19.43
      1,138 words
    • Article
      COMPANY MEETINGS
      117 8 AVIMO SINGAPORE LIMITED: 15th AGM at Leo Room, Marina Mandarin, 6 Raffles Boulevard. Marina Square. Singapore 0103, on Monday. March 20, at noon. VAN DER HORST: 15th AGM held at 11, Padan Crescent, Singapore 0512 on Thursday, March 23, at 10 am. SAMANOA HOLDINGS' BERHAD: 17th AGM at
      117 words
    • Article
      APPROVED ISSUES
      103 8 Company RIGHTS ISSUE 0 C Bank One-for-two JO 75 per share E> dote Mor 9 Books close: Mor 23 George Town Three for two )l 00 per shore Ex dote: Mor 13 Acceptonce Payment May 12 Books dose Mor 28 Inno-Pacific Three tor-two $1 30 per shore with
      103 words
    • Article
      PROPOSED ISSUES
      308 8 Company RIGHTS ISSUE Ayer Hitam Tin One-lor one $1 10 par shore B«r|Oya Corpn One for one $1 00 par per shore C 1 Holdings 27 million loan stocks in the ratio of (3 loon stock for every five ordinary shores held Causeway Inv Issue of $7,252,937 nominol
      308 words
  • Article
    SES SHARE INFORMATION
    5979 8 1988/89 High Low Tel Cod* Company Last Sale MAR 17 ocVol (000) Day High Low Last Quota Buyer Seller Qr's Dlv Dlv C'vr Qr's Y'W Net P/E M Cap $m(l SECTION ONE INDUSTRIAL ft COMMERCIAL 162 85 260 167 135 460 238 350 132 167 177 297
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  • KLSE
    • Article, Illustration
      Lock icon KL prices finish mixed
      3434 9 MBT SHARE PRICES on the Kuala Lumpur stock market ended mixed yesterday as profit-taking checked some early gains in lacklustre trading. Price changes were mostly marginal either way. But the 30-counter New Straits Times Industrials ordinary share index managed to gain 2.18 points to end the
      MBT  -  3,434 words
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  • COMPANIES & STOCK MARKETS
    • Article
      Acqusitions will raise Singmarine's EPS
      500 10  -  Takeovers involve $31 m new shares By KEVIN GWEE SINGMARINE Industries' proposed acquisitions of Eagle Engineering and the Pacific Seacraft Corp and PSC Land Corp of the US for $31 million will raise its earnings per share for 1969 to 10.1 cents from 9.2 cents.
      500 words
    • Article
      Diversified Periis Plantations posts big jump in profit and turnover
      356 10  -  By HERMAN PHUA PERLIS PLANTATIONS Bhd has benefited from its more diversified activities and turned in a sparkling set of results. For the 15-month period ended Dec 31, 1988, the group posted a 227 per cent jump in after-tax profit
      356 words
    • Article
      Chuan Hup sells entire stakes in three companies for $5.7m
      180 10 CHUAN HUP Holdings Ltd has sold its entire stakes in three companies for a total of $5.7 million. Chuan Hup said it sold its 51 per cent stake in Lityan Investments Pte Ltd for $2.7 million to a Hongkong buyer.
      180 words
    • Article
      Lock icon Highlands and Lowlands doubles profit
      125 10 Bernama HIGHLANDS and Lowlands Bhd (High and Low) reported an unaudited group pre-tax profit of M 578.3 million for the year ended Dec 31. 1988, a rise of 101.9 per cent from the year before. At the company level, the pre-tax profit was up 97.84
      Bernama  -  125 words
    • Article, Illustration
      Times Pub shares traded above forecast prices
      545 10  -  By ANDREA BORCH INVESTORS gave a warm welcome to Times Publishing Ltd on its first day of listing yesterday, with the stock trading consistently above prices predicted by analysts. TPL, the former subsidiary of Singapore Press Holdings, closed near the day's low, at
      545 words
    • Article
      COMPANY BRIEFS
      67 10 HONG LEONQ Enterprises Pte Lid has extended the cash offer for shares of Apollo Enterpises Ltd to March 24. BERJAYA Corporation has raised its offer for US-based Sinoer Sewing Machine Compa- Ny Inc to US$37 a share from US$34. OVERSEAS Union Securities' unaudited net tangible asset backing per
      67 words
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  • Executive Lifestyle
    • Article
      A slice of capitalist action
      433 11  -  By MARTIN NESIRKY "IT LOOKS LIKE the black market after the war," lamented a customs official. Surveying the thousands of Polish traders touting anything from sausages to baby booties on a muddy patch of ground near the Berlin Wall, you can see he has a
      433 words
    • Article, Illustration
      Life's not a cabaret, old chum
      1739 11  -  BOEY NT YW draws the and finds that If the Wall could scream, BOEY KIT YIN THE PASSAGE leading to the hangout in the eastern part of West Berlin was dark. On the walls were scrawled slogans cheering China's Mao and jeering the West's
      1,739 words
    • Article
      STRAWS in the Wind
      254 11 THE Government Budget is contained in a very thick book with literally thou- sands of figures. Ploughing through it can be tedious, more so if one were looking for figures pertaining to the Monetary Authority of Singapore and the Government of Singapore Investment Corporation. Asked where
      254 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        A fairy tale about a modern woman coping with a life
        763 12 BOOKS A THEFT. By Saul Bellow. Penguin, 109 pages. $11.30. Reviewed by CHUANG PECK MING SAUL BELLOWS absorbing new novella departs from convention in two respects: it comes in a paperback original and the story revolves around a woman.
        763 words
      • SHORT TAKES
        • Article
          Lock icon More choices for music fans
          431 12 Agencies CLASSICAL MUSIC lovers, take note. WEA has just released some 50 compact discs featuring performances such as Beethoven's Fifth, Sixth and Eight Symphonies conducted by Willem Mengelberg, and Mendelssohn's Octet performed by the Kreuzberg String Quartet and Eder Quartet, under the Teldec label. The
          Agencies  -  431 words
      • Article, Illustration
        Preventing a dangerous opponent from taking the lead
        473 12  -  BRIDGE By SYBIL HOLLOWAY LAST WEEK, I gave an example of the use of loser on loser play in order to transfer the ruff from one suit to another. Today, the loser on loser play enables declarer to set up a winner
        473 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        He ain't heavy, he may get an Oscar
        643 13 CINEMA RAYMOND. Rain Man. My main man. It's me, Charlie. Your brother. You and me are gonna take a drive across the country and pick up a couple of Oscars while we're at it, OK? I'm an excellent driver. Dad always used
        643 words
      • Article, Illustration
        Every dog-owner has his day
        296 13  -  CHEW TSE NGEE asked a few animal lovers to identify the top dogs (canine) in Singapore today CHEW TSE NGEE ALL RIGHT, so you think you have arrived with a bark: one wife, two children, three holidays, four wheels etc. But. where's the dog? And
        296 words
      • Article, Illustration
        It's crystal clear
        369 13  -  By SAMUEL EE THE LATEST FAO with the house-proud set (not to mention the house-loud set) may be easily seen through if art-deco glass proves a big, er, smash. What easier way to decorate your art-deco home than with a piece of art-deco glass sculpture? Especially if
        369 words
      • Article, Illustration
        Cooking up that 'healthier choice'
        886 14  -  HEALTH By RICHARD SEAH CHEFS and restaurant owners were said to have been initially stumped when the Health Ministry invited them each to submit 10 dishes which might qualify as "Healthier Choices" for Nutrition Week starting April 7. What the ministry is looking for are
        886 words
    • Executive Lifestyle: Perspective
      • Article, Illustration
        Johnny left them dreamy-eyed
        832 15  -  NOSTALGIA By DAVID CHEW LIKE A MOTION in the ocean, he came and went. But for his many ardent fans mostly executives in their 30s and 40s Johnny Tillotson left an indelible mark during his one-week performance at Bubbles last week. They would always remember him
        832 words
      • Article
        Chateau Pavie: when art and science fused
        685 15  -  Offline By N K YONG WINE-MAKING and heart surgery have much in common. Both require an intimate fusion of art with science and technology, and no one understands this more than JeanPaul Valette, owner and winemaker of Chateau Pavie, Premier Grand Cru Classe,
        685 words
      • Article, Illustration
        BILLBOARD
        909 15  -  Compiled by JUANMITA SHAKILA CINEMA: Rain Man starring Dustin Hoffman and Tom Cruise. Opens today at Lido and Changi 1. A Fish Called Wanda starring John Cleese, Jamie Lee Curtis and Kevin Kline. Now showing at Cathay: 11; 1.30; 4; 6.30; 9.30, and at Marina 1: 1; 3.30; 7;
        909 words
      • Article, Illustration
        La Brasserie's new menu
        227 15 FOOD PATRONS of La Brasserie. Omni Marco Polo, will be pleased to know that executive chef Franz Zettel has added some provincial specialties to its new menu. The recommendations avocado mousse with fresh prawns, pancakes filled with dill-flavoured fish ragout, panfried salmon with truffle sauce, and
        227 words
      • Article, Illustration
        A Message from Melbourne
        964 19  -  By SAID ABDULLAH RELIGIONS may have their origins in time past but they are as alive and sensitive today as ever. The difference is that today, dialogue between and among religions is taking place, even at the global level. The World Conference on Religion and Peace
        964 words
      • Article
        A global dialogue for peace
        688 19 THE WORLD WENT Down Under in late January and came up high in spirit. It was an unusual experience, almost unreal, when 600 religious leaders from 60 countries, including the Soviet Union and China, attended a week-long religious jamboree in Melbourne. The meeting at Monash
        688 words
      • Article
        Wanted: Biography materials
        97 19  -  Letters to the Editor HIRO SHROFF Oral Historian and Journalist 64 Sangita, Behind Telephone Bhavan Colaba, Bombay 400 005 India Dear Sir, I would appreciate if you could carry the following in your "Letters To The Editor" column. I am writing the biography of the late Kishinchand
        97 words
      • Article
        A grassroot problem
        104 19  -  ONG SAY CHEONG i Dear Sir, We refer to the letter "Road sign communication Jin Elok" (BT 4.3.89). Part of Jalan Elok is too narrow to accommodate two-way traffic flow and parking on one side of the road. Following a complaint from a resident, this was investigated
        104 words
      • Article
        Making it simple and clear
        593 19 Dear Sir, Please refer to the letter "A corollary to the proposed corporate tax rate cut" by Corporate Manager (BT 11-12 Mar). Coincidentally, or otherwise, a certain "Corporate Officer" had written to the ST on similar lines. That letter was published on 8 Mar 89
        593 words
      • Article
        Thank you once again, Mr Mortis
        70 19  -  ONG SAY CHEONG Dear Sir, We refer to the letter "Come on down to earth, you guys" (BT. Mar 4, 89). We have already commented on the points raised in Mr Mortis's letter of 21 Jan 89 (our reply was published on 4 Feb
        70 words
      • Article
        Journey into mystery
        510 19 HOW MANY PEOPLE would enter an airport and get ready to board a plane with no idea of where they were headed? Many Belgians are doing just that on weekends under a special programme run by their national airline, Sabena. For a flat rate of 3,000 Belgian
        510 words
    • Executive Lifestyle: Entertainment
      • Article, Illustration
        Glimpses of spontaneity
        715 16  -  W vA .5 Roger Loh VETERAN singers habitually make everything they record sound like hard work. There's little passion, and even less spontaneity. Perhaps, this comes from a desire not to sound derivative. Then again, comparisons are inevitable when they have set standards for themselves. Barbra Streisand
        715 words
      • Article, Illustration
        Gung-ho reporters, and champions of the truth
        474 16  -  CINEMA By STEVEN PAK "IT S A DOG'S LIFE!" This oft-heard description of a reporter's lot is not entirely inaccurate, according to the latest Hongkong movie. Newt Attack. It paints the life of a journalist as being constantly on the move and under
        474 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Clearwater leads by a stroke after first round
        413 17 GOLF AP A CONSECUTIVE bogey finish took some of the glitter off a 65 but left Keith Clearwater with a one-stroke, first-round lead on Thursday in the US$l.35 million Players Championship. "It was almost fun," Clearwater said after failing to get up
        AP  -  413 words
      • Article
        Lock icon Ecob sacks caddy and surges ahead
        439 17 AFP AUSTRALIAN David Ecob sacked his caddy because he could not understand what the Spaniard was saying, and then promptly went out and shot a five-under 68 to share the lead in the Massimo Dutti Catalan Open on the Costa Brave on Thursday. Ecob
        AFP  -  439 words
      • Article
        Lock icon Fenech-Villasana match may end in mayhem
        189 17 BOXING Reuter WORLD BOXING COUNCIL (WBC) featherweight champion Jeff Fenech's title defence against Mexican Marcos Villasana next month could end in mayhem, according to Australian promoter Bill Mordey on Thursday. "The bloke (Villasana) has got a reputation for not really sticking to the rules
        Reuter  -  189 words
      • Article
        Lock icon A trying experience for Angella Issajenko
        404 17 THE BEN JOHNSON INQUIRY AP SPRINTER Angella Issajenko ended more than three days on the witness stand on Thursday in a federal drug inquiry, after confessing to a decade of steroid use. Issajenko, who had testified she injected fellow sprinter Ben Johnson with illegal
        AP  -  404 words
      • Article, Illustration
        Pfister hangs on with a one-stroke lead
        722 17  -  By CHARLES SAVAGE AMERICAN Edward Pfister bowed to pressure yesterday, but his one under 71, for a 36 hole 136. was just enough to retain a tenuous lead on the second day of the Singapore Open, at Tanah Merah. Contemplating his lead narrowed
        722 words
      • Article
        Lock icon Youngsters contribute to a new era in America
        518 17 TENNIS UPI A NEW ERA in American tennis was introduced last year with the emergence of Andre Agassi and Michael Chang, and prospects are bright that they soon will be joined on the world scene by other young prodigies. A clue as
        UPI  -  518 words
      • Article, Illustration
        Lock icon Michael Chang upsets Stefan Edberg
        260 17 AFP YOUNG Michael Chang learnt from his first meeting with Sweden's Stefan Edberg a week ago. and upset the number two seed in straight sets in the secondround of the U*****,500 Champions' Cup in California on Thursday. Chang, seeded 16th, got a crucial break in
        AFP  -  260 words
      • Article
        Lock icon Japanese sponsorship for Australia
        141 17 SAFARI RALLY AFP A JAPANESE FIRM is putting up millions of dollars for the Australian Safari rally to help make it the leading motorsport challenge in the world, organisers said on Thursday. "By 1992, the plan is for the Australian Safari to displace the famed Paris
        AFP  -  141 words
      • Article
        Lock icon Chris Evert in quarters of Florida women's
        295 17 Reuter THIRD-SEEDED Chris Evert survived a second-set scare before beating Austrian Barbara Paulus 6-0 7-5 on Thursday to reach the quarter-finals of the US$3OO,OOO Forida women's tennis tournament. Unseeded Jana Novotna of Czechoslovakia also reached the quarter-finals by scoring a surprisingly easy 6-4
        Reuter  -  295 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Signs point to local market aiming for pre-crash highs
        763 18  -  /EQUITIES (?||im By NAJEEB JARHOM Najeeb Jarhom is research manager of UOB Securities Pte Ltd AS THE Straits Times Industrials Index sets fresh post-crash highs almost daily this week, predicting higher targets is fast becoming a favourite p ast-time of its
        763 words
      • Article
        Lock icon Crazy? Seoul's market has been skyrocketing
        594 18 STOCK MARKET Reuter "CRAZY", "fickle", "perverse", brokers groan when they talk about South Korea s stock market. Crazy or not, this is one market whose index has risen steadily in the past few years, advancing even while other markets tumbled in the crash of
        Reuter  -  594 words
      • Article, Illustration
        Why gold lacks lustre
        286 18  -  By ROSIE TAN CONVENTIONAL WISDOM has it that the price of gold rises in times of inflation. But conventional wisdom is not always right. Take the price of gold, for instance. On Feb 10, the bullion market received one of the biggest and best news when
        286 words
      • Article
        From a sleepy company to a fast-moving group
        586 18  -  HOTEL PROPERTIES Sum* ssiwm By LORETTA McLAUGHLAN HARDLY A MONTH passes now without the name Ong Beng Seng appearing in news reports about yet another property deal being concluded. For the earlier part of this decade. Mr Ong and his team were
        586 words
      • Article
        Warrant arbitraging is a professional's game
        503 18  -  SINGAPORE LAND WARRANTS WATCHERi by WAYNE C W LAU by WAYNE C W LAU of Smith New Court Far East Views expressed here need not necessarily reflect the views of the firm. MAKING money from warrants arbitrage is one of those things which are
        503 words
      • Article
        Equity investment: risks are higher but so are rewards
        641 18  -  BEannEFS'5/ caRnER M By AMY BALAN FOLLOWING the series done on corporate bonds, we are now ready to go one step up the risk ladder to equities. And what better time to look at stocks and shares than now. given the
        641 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      311 11 Today, one watch reigns supreme. i A PSiL. 1 TT IT i < Ultra-thin Royal Oak in 18kt gold, diamonds set bezel and full pave dial uith 11 rubies BA *****/722 BA (Ladies) BA *****/477 BA (Gents). In 1972, the master watchmakers at Audemars Piguet created the first prestige sports
      311 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      782 12 5 18 19 20 21 39 40 CRYPTIC PUZZLE ACROSS 8 The pupil in the back room can (7) 9 Hospital visitors may be worthwhile (4. 5) 13 The expression I had when I took the order (5) 14 Like a fool, I get Dorothy to hold one (5) 15
      782 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      795 14 K Where to entertain. ONE GOOD REASON TO LUNCH AI THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN (XX'RSKS PALM w lor between $26+ and $40+ r-mi 1 y° u can se ect from our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose
      795 words
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      Page 14 Advertisements Column 2
      132 14 The Mandarin Singapore Presents i v\ a '6 1 Faster funlanD (6th jlv*' L 19^ ,*W"' "TyUIK* 1 .MlO 01 P** P IS c l Z*~ QD ft/Wry**' k tta tnitm iM»rm. 333 Orchard Ro*i. Singapore 0923 SBBS3 i :uu vi II ,PA*ill l.'l^W AIRWAVES II 1/^*l/^ 3* A ZODIAC
      132 words
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      Page 15 Advertisements Column 1
      213 15 i a Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an earty 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 and cheeseboard. All ready
      213 words
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      Page 15 Advertisements Column 2
      62 15 v- wm m V//y Y/S m 7///, yy/A m 2 z z m. v. fIZ FULLY V.ATURED A 1 Rd 1 QUALITY GUARANTEED \n vol i FINEST 1 SCOTCH WHISKY BLENDED ft BOTTLED BV (/roryr Coa/Zu/i/i/if cJof*. l£wu£*rf (J)ej////rri efrc//and PRODUCT or SCOTLAND 01 INPOT OLM AIIKO WALKER MSTWSOTORS SON
      62 words
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  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      1673 16 SLOTS TO WATCH Aging robbers, young lovers, late Gauguin MOVIES Bunny O'Hare, Today, Ch 5, 10.30 pm Off-beat comedy with Ernest Borgnine as a plumbing dealer who finds himself saddled with Bette Davis, an aging but still agile woman. The two turn bank robbers. A 1984 production by Gerd Oswald.
      1,673 words
    • Miscellaneous
      Page 16 Miscellaneous Column 2
      1274 16 TIT T??s>J SATURDAY BBC 88.9 mHz in VHF Band II 6AM Newshour. 7.00 World News 8.00 Newsdesk 8.30 Personal View 8.49 Recording of the Week. 9.00 News Summary followed by Outlook 9.29 Financial News 9.30 Classical Record Review 9.49 Book Choice. 9.49 New Ideas 10.00 World News 10.09 British Press
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      Page 17 Advertisements Column 1
      41 17 WIDE ROUTE MAP MODERN AIRCRAFT DIRECT FLIGHTS.+ LESS TIME Kuwait Airways flies to more than 40 destinations, with convenient connections. After all, your comfort is our concern. For details contact: Haw Par (General Sales Agent) Pte Ltd Tel: *****31 Fax: *****04
      41 words
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      Page 18 Advertisements Column 1
      28 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 Column 1
      46 19 BT welcomes letters from readers. Your letters must Include your signature, lull name, address, and home and office telephone numbers, If any. You may wish to add a pseudonym If you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923
      46 words
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      Page 19 Advertisements Column 2
      179 19 :?r- 3K h -vA n<. 4 1 *r. VI V Z'"- jM tms. S~'Vr i X •»'v IV* "r. "tr* HOW GREAT PACIFIC FINANCE CAN BROADEN YOUR HORIZONS. We know how ii feels when you're on the way up. Sometimes, the money in your pocket just doesn't quite the f
      179 words
  • Page 19 Miscellaneous
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  • Article
    HK$5.1b windfall for HK Land holders
    589 20  -  HOLDING COMPANY TO BE CREATED IN BERMUDA IN MAJOR RESTRUCTURING By FOO CHOY PENG HONGKONG LAND, the colony's bluest of blue-chip property companies, yesterday announced that it will return HK$5.l billion to shareholders as part of a restructuring exercise which will see the creation
    589 words
  • Article
    Group looking for investment options in Asia-Pacific region
    206 20  -  t>y Foo Choy Pong HONGKONG LAND has been exploring investment opportunities in several countries in the AsiaPacific, including Singapore, in the past six months, said chairman Nigel Rich yesterday. "Where we've looked at in the past six months included Thailand and Taiwan
    206 words
  • Article
    Lock icon Auction of Umno HQ postponed for renegotiation
    291 20 Bernama THE HIGH COURT in Kuala Lumpur yesterday ordered the auction date of the Umno Putra World Trade Centre (PWTC) headquarters to be postponed pending a settlement between the parties concerned. Justice Datuk Ajaib Singh, now a Supreme Court judge, made the order
    Bernama  -  291 words
  • Article
    Lock icon Frown on Thai hotel price rise
    95 20 AFP THE THAI government has threatened to take action against excessive price increases by hotels in a move to stem a possible negative impact on tourism, one ot Thailand's leading sources of foreign exchange. Deputy government spokesman Likit Hongladarom quoted Prime Minister's Office Minister
    AFP  -  95 words
  • Article
    Lock icon Congress Party members to give Gandhi ultimatum over secret report
    163 20 AP MEMBERS of India's ruling party said yesterday that they will present an ultimatum to Prime Minister Rajiv Gandhi either he releases a secret report that allegedly links a key aide to his mother's assassination, or they will. Mr Gandhi
    AP  -  163 words
  • Article
    Lock icon Vietnam reduces commercial taxes to boost output
    142 20 AP VIETNAM has announced the reduction of commercial taxes in an attempt to boost domestic production, the official Vietnam News Agency reported. "In general, the new industrial and commercial taxes are all reduced to boost economic activities." said the agency in a report
    AP  -  142 words
  • Article
    Lock icon Hongkong and Aussie banks to raise prime rates
    224 20 Reuter BANKS in Australia and Hongkong will raise their prime rates from Monday. In Hongkong, major banking firm Hongkong and Shanghai Banking Corp announced its prime rate will rise by half a point to 11.5 per cent from Monday. Similarly, Standard Chartered
    Reuter  -  224 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    1007 20 ARRIVALS Operator Sorvic* Local From number time SIA SQ11 0115 LAX/NRT UAL UA805 0125 SFO/HKG JAL JL61 5 0305 TYO MAS MH640 0820 KUL SIA SQ43 0850 DHA MAS MH37A 0900 KUL AAAS AAH651 0910 PEN MAS MH630 0920 KUL SU SQ103 0950 KUt CPX CX710 1000
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  • LATE FILE
    • Article
      Lock icon LME wins tin collapse case
      64 20 AFP THE London Metal Exchange (LME) won a legal battle against Shearson Lehman Hutton, which had claimed damages in connection with the 1965 collapse of the tin market. High Court Justice Webster upheld the LME's decision to suspend tin contracts in October 1985 and to
      AFP  -  64 words
    • Article
      Lock icon Thai-Indochina business meeting
      51 20 Reuter VIETNAMESE Deputy Premier and Foreign Minister Nguyen Co Thach and officials from Laos and Cambodia will meet Thai businessmen in Bangkok next month to discuss investment in Indochina. Thai Prime Minister Chatichai Choonhavan, who has promoted closer ties with Indochina, will address the April 28 symposium.
      Reuter  -  51 words
    • Article
      Lock icon Malaysia bans Newsweek, FEER
      59 20 Bernama THE Malaysian Home Ministry has banned the March 13 issue of Newsweek magazine and the March 9 issue of the Far Eastern Economic Review. The Deputy Minister Datuk Megat Junid Megat Ayob said the magazines were banned as they contained excerpts and comments from the
      Bernama  -  59 words
  • Article
    Lock icon Ligachev denies disagreement with Gorbachev
    152 20 AFP POLITBURO agriculture chief Yegor Ligachev on Thursday rejected reports that he disagreed with Soviet President Mikhail Gorbachev over the course to follow in agricultural reforms. Mr Gorbachev, in a speech on Wednesday calling on the current Central Committee plenum on agricultural reform to approve
    AFP  -  152 words
  • Article, Illustration
    Lock icon Chatichai leaves China after 'beneficial' talks
    225 20 Reuter THAI PRIME MINISTER Chatichai Choonhavan left China yesterday after a meeting with senior leader Deng Xiaoping and high level talks which focused on the Cambodian conflict and Sino-Thai relations. "You're an old friend of ours," Mr Deng, 84, told Mr Chatichai in Beijing's
    Reuter  -  225 words
  • Article
    Lock icon Call for joint response to Soviets in Asia
    353 20 AP TWO GROUPS of foreign policy experts yesterday called for the United States and Japan to coordinate their responses to Soviet diplomatic initiatives in Asia to pursue chances for reduced tensions while preventing Moscow from weakening US-Japan ties In a joint report,
    AP  -  353 words
  • Article
    Lock icon Pressure mounts on Takeshita over Recruit scandal
    514 20 AP OPPOSITION parties turned up the pressure on Prime Minister Noboru Takeshita yesterday to take responsibility for a far-reaching political scandal while the premier's own advisory panel urged him to apologise to the public for his role in the burgeoning affair. The opposition
    AP  -  514 words
  • Article
    Lock icon Cairns group meets on tactics for Gatt round
    201 20 AP AGRICULTURAL free-trading nations. known aa the Cairns group, began meeting yesterday at the tourist resort of Waitangi, New Zealand, to discuss tactics for the remainder of the General Agreement on Tariffs and Trade round. New Zealand Trade Minister Mike Moore said
    AP  -  201 words
  • Article
    Lock icon Comex gold
    96 20 Reuter COMEX GOLD futures firmed early yesterday on news of the unexpectedly strong one per cent jump in the US Producer Price Index (PPI) for February. April gold gained US$4.2O at U*****.50 an ounce, snapping Thursday's high of U*****.70 but stalling under the top price for the week
    Reuter  -  96 words
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      36 20 The business person's choicc frery Tuesday. Thursday. Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow early the following morning. Ctilyour Travel Agent or Air Canada at 7)2tSSS. A BREATH OF FRESH AIR
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