The Business Times, 8 April 1989
1989-04-08
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The Business Times
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Title Section12 1989-04-08 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, April 8-9 1989 75 CENTS12 words
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Article240 1989-04-08 1 Dow Jones up STOCK PRICES firmed on Wall Street in moderately active trading on Wall Street yesterday, with the Dow Jones index of 30 industrials up 4.40 points to 2,296.37 points by 1500 GMT. Some 50 million shares had changed hands. AFP Footsie down LONDON share prices240 words
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Article112 1989-04-08 1 AFP THE US JOBLESS rate in March dropped to 5 per cent, a 16-year low, despite a slower rate of job creation. The Labour Department said yesterday that 180.000 new jobs were created last month, the lowest figure since 154.000 last August and downAFP - 112 words
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403 1989-04-08 1 BOEY KIT YIN - By BOEY KIT YIN SINGAPORE and Malaysia yesterday said Vietnam's announcement of a withdrawal from Cambodia by September was only one aspect of a "comprehensive solution" to the Cambodian issue. On Wednesday, Vietnam said that it would remove its troops from403 words
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Article, Illustration227 1989-04-08 1 REGIONAL MARKETS turned in generally quiet performances on the eve of the weekend and the release last night of US employment figures for March. Tokyo and Hongkong posted gains. In Singapore, share prices were generally lower in active trading. Newly-launched Steamers Maritime was the most sought-after stock.227 words
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672 1989-04-08 1 ALVIN TAY - AT LEAST TWO CARD ISSUERS START MAKING REVIEWS By ALVIN TAY, Financial Editor OFFICIAL industry figures released by the Monetary Authority of Singapore at a recent meeting with charge and credit card companies support the government's case for additional guidelines on the672 words
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444 1989-04-08 1 MARTIN SOONG - By MARTIN SOONG BUSINESSMEN here can contract to retain London's Privy Council as the final appellate court in commercial litigation. Law Minister S Jayakumar said this yesterday, reassuring that further restrictions on appeals to the Law Lords legislated under the Judicial Committee (Amendment)444 words
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Page 1 Advertisements
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Advertisement233 1989-04-08 1 Nikon Ths World's Finest Photographic System. Full report, PAGE 8 Reg markets, PAGE 7 World markets, PAGE 6 Coronary heart disease 2 Govt intensifies efforts to stem inNEC 2 Setting up chip design centre here Aid to Third World 3 Japan urged to improve quality as well as quantity of233 words
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Advertisement140 1989-04-08 1 Ths World's Finsst Photographic System. -f *r. I'lf, i I w- vlf 9 V ■vV »T fc Heartbreakers Page 11 WMkMMI TV TV programmes for today and tomorrow Page 12 Healthy eating s not a torture Page 14 Wine The white horse across the street Page 15 Tennis Monique Javier140 words
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YESTERDAY IN PARLIAMENT
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Article, Illustration543 1989-04-08 2 CUSTOMS (AMENDMENT) BILL ROAD TRAFFIC (AMENDMENT) BILL RELEVANT amendments to legislations to stem the flow of Singa-pore-registered motor vehicles to Johor to take advantage of cheaper petrol in Malaysia were passed by Parliament yesterday. The Customs (Amendment) Bill requires Singapore-regis-tered cars to have at least543 words
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175 1989-04-08 2 STATUTORY CORPORATIONS (CONTRIBUTIONS TO CONSOLIDATED FUND) BILL THIS BILL empowers the finance minister to get statutory boards to transfer to the government accumulated surpluses assessed to be in excess of their needs. "Trust funds" would be excluded. The Central Provident Fund would be among those175 words
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230 1989-04-08 2 GOVERNMENT moves to ensure it does not lose control over the use of petrol pricing as a means of controlling car usage prompted 12 MPs (including the sole non-constituency MP) to address the issue in Parliament yesterday. While230 words
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190 1989-04-08 2 ECONOMIC EXPANSION INCENTIVES BILL THE ECONOMIC Expansion Incentives (Relief from Income Tax) Act on venture capital incentives has been extended to include overseas investment under a bill introduced for second reading yesterday. The Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill 1989 would190 words
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239 1989-04-08 2 LAW MINISTER S Jayakumar dismissed as unfounded allegations suggestions that the 10,000 illegal Thai workers recently sent home were originally employed in the construction of the Mass Rapid Transit railway. In reply to opposition MP Chiam See Tong, Professor Jayakumar said the innuendo239 words
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270 1989-04-08 2 COMPANIES (AMENDMENT) BILL THE BILL proposing to relax prospectus requirements for certain securities offerings and make audit committees compulsory for all publicly-listed companies has been referred to a select committee for further debate. Introducing the second reading of the Companies (Amendment) Bill 1989, the Minister270 words
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356 1989-04-08 2 ELECTRICITY and gas operations of the Public Utilities Board will be privatised within five years. Trade and Industry Minister Lee Hsien Loong announced yesterday. Consultants engaged to study the privatisation of PUB's electricity and gas operations have given the go-ahead, and the356 words
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Article546 1989-04-08 2 INTEREST earned by retirees on their savings cannot be exempted from tax as that could lead to tax avoidance schemes such as placing funds in the names of retirees, said Minister of State for Finance George Yeo. Brigadier-General (Res) Yeo pointed out that a retiree earning up546 words
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312 1989-04-08 2 JUDICIAL COMMITTEE (AMENDMENT) BILL THE DIVERGENT VIEWS put forward during the debate on the Judicial Committee (Amendment) Bill yesterday appeared to confirm that the government had taken a wellbalanced approach to further restricting appeals to London's Privy Council, said Law Minister S Jayakumar312 words
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216 1989-04-08 2 CENTRAL PROVIDENT FUND (AMENDMENT) BILL THE KEY POINTS of the Dependants' Protection Insurance Scheme (DPIS) for members of the Central Provident Fund (CPF) were highlighted in Parliament by Labour Minister Lee Yock Suan The scheme provides for all new CPF members and all existing216 words
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202 1989-04-08 2 THE TWO opposition MPs attacked the Judicial Committee (Amendment) Bill as an ad-hoc piece of legislation that was steamrollered through in haste and which resulted in denying the common man his right to the highest legal recourse. Stating202 words
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139 1989-04-08 2 ENLISTMENT (AMENDMENT) BILL QUICKER mobilisation of reservists and requisition of civil resources are provided for in the Enlistment (Amendment) Bill 1989 and the Requisition of Resources (Amendment) Bill 1989. These two bills were tabled before Parliament by BrigadierGeneral (Res) Lee Hsien Loong,139 words
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165 1989-04-08 2 Remuneration of Speaker and Deputy Speakers: Leader of the House Wong Kan Seng moved that Speaker Tan Soo Khoon be paid a monthly salary of $11,240 for his part-time appointment from April 1. (A full-time Speaker would get $28,100 a month). In addition, Mr165 words
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HOME NEWS
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377 1989-04-08 2 JAYARAM MENON - By JAYARAM MENON CORONARY heart disease and strokes now account for 33 per cent of the deaths each year among Singaporeans, said the Acting Minister for Health, Mr Yeo Cheow Tong, yesterday. "We are ahead of France and Japan in our prevalence377 words
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Article, Illustration170 1989-04-08 2 SINGAPORE and China will hold joint tourist promotions in Europe after similar campaigns in the US, said Mr Ong Teng Cheong, the Second Deputy Prime Minister. At the opening of a Qing exhibition in Empress Place, the first of a series from China, Mr Ong said170 words
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143 1989-04-08 2 JAPANESE electronics company NEC has set up a chip design centre in Singapore. The centre, which will work on applicationspecific integrated circuits (ASICs), was set up to meet the demand for such integrated circuits or chips in the region. The move was due143 words
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OVERSEAS
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Article203 1989-04-08 3 THE SOVIET government has lifted bans on religious activity ranging from charity work to bell-ringing as hundreds of new churches and mosques open across the country in an atmosphere of greater tolerance The state Council of Religious Affairs has with one stroke cancelled all its203 words
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Article1013 1989-04-08 3 ARRIVALS Operator Service Local From number time SIA son 0115 LAX/NRT MAS MH60I 0130 KUl CAl CI333 0405 TPE SIA S040I 0555 CMS SIA SQ409 0610 MAA MAU AAK746 0725 MRU SIA SQ23 0755 AMS/BOM MAS MH640 0820 KUl UAl UA8I9 0820 SFO/NRT SVA SV398 0835 JEO/RUH1,013 words
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388 1989-04-08 3 AFP. Reuter BRITISH Trade and Industry Secretary Lord Young signed a protocol in London on Thursday with a top Soviet official, as enterprises from both sides of the Iron Curtain agreed on trade deals. The protocol, signed by Lord Young of GraffhamAFP.; Reuter - 388 words
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457 1989-04-08 3 AP A LEADING EXPERT in international development said Japan should improve both the quantity and quality of its aid to Third World nations, and urged it to guard against harming the environment while aiding economic growth. Japan has become the world's largestAP - 457 words
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153 1989-04-08 3 AFP JAPAN'S Prime Minister Noboru Takeshita is expected to announce his new policy to strengthen ties with Asean when he visits Jakarta on May 5, the Yomiuri Shimbun newspaper said yesterday. The policy, dubbed the "Takeshita doctrine", will be contained in a speechAFP - 153 words
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109 1989-04-08 3 Reuter TAIWANESE TOURISTS flocking to China and local business investment have wiped out Taipei's trade surplus and given Taiwan its first deficit with China. The Board of Foreign Trade has said that Taiwan posted an overall deficit of at least US$lOO million lastReuter - 109 words
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313 1989-04-08 3 Reuters SEVERE cash shortages caused by economic austerity policies are threatening Chinese industry and triggering angry protests among unpaid workers. The official People's Daily said on Thursday that the credit squeeze has left many factories unable to pay their immediate bills. Key stateReuters - 313 words
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311 1989-04-08 3 Reuter WORLD TRADE negotiators made significant progress on the crucial farm subsidy problem on Thursday but delegates said important issues remained for the final day. "We are now working on a paper that is a basis for a deal." said David Woods,Reuter - 311 words
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Article83 1989-04-08 3 AFP AUSTRALIA. Thailand and Laos have signed a memorandum on the construction of an Australian-financed bridge linking Thailand and Laos across the Mekong river. The memorandum, signed on Wednesday in the north-eastern Thai city of Nongkhai. concerned the funding of the bridge as well as its exact locationAFP - 83 words
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Article175 1989-04-08 3 Reuter NEPAL was importing medicine and other essentials from Singapore and Thailand after a row with India closed most border crossings. Nepalese ambassador in New Delhi, Bhinda Shah, has been quoted as saying In an interview with the Statesman daily on Thursday. she also said: "AsReuter - 175 words
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Page 3 Advertisements
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Advertisement37 1989-04-08 3 The business person's choice every Tuesday, Thursday. Saturday and Sunday. Leaving Changi Airport at 22:0S hours and arriving Heathrow early the following morning. Ciil your Tnvd Agent or Air Ctrudi jt ZJJBSSS. A BREATH OF FRESH AIR37 words
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Advertisement383 1989-04-08 3 Hjfftl MONASH UNIVERSITY ga M.BA PROGRAM Monash University, one of Australia's foremost centres of learning and research is offering full fee paying positions for overseas students in its prestigious MBA program. There are two intakes each year —February and July. Now in its 21 st year with approx. 400 students383 words
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Page 3 Miscellaneous
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Miscellaneous291 1989-04-08 3 WSUSi i rr 11?'/SSa Max/ Note Min (°C) 21/14 Fine 05/02 Rain 23/08 Cloudy 24/19 Clear 36/26 Clear 29/23 Cloudy 36/26 Clear 20/1 6 Sunny 22/14 Clear 09/03 Cloudy 25/20 Cloudy 1 2/03 Showers 26/19 Rain 07/00 Rain 15/06 Clear 27/17 Clear 32/15 Clear 10/-1 Cloudy 16/14 Cloudy 26/17 Cloudy291 words
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MONEY AND EXCHANGES
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Article247 1989-04-08 4 IMM currency futures on Thursday were mixed at the finish of a relatively slow session enlivened only by a spate of buying interest near midday. Senate Finance Committee Chairman Lloyd Bentsen spurred the day's busiest dealings when his dollar-related comments reached traders. The powerful Texas Democrat told reporters he247 words
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Article72 1989-04-08 4 THE OVERNIGHT RATE on the Singapore money market rose by 1/8 point to close at 5 3/8 per cent yesterday. One-month rate dropped by 1/16 while two- and threemonth rates remained unchanged S$ Interbank rates at the close yesterday: Of FED g(o Over 5 3/8 5 1/4 172 words
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Article101 1989-04-08 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ*****A 06.07.89 3.93 3.88 3.91 3.90 6 months BS*****N 17.08.89 3.95 3.90 1 year BY*****H 23.11.89 3.98 3.93 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID101 words
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Article, Illustration193 1989-04-08 4 Indicates the average ol the prime lending rates of 12 major banks in S'pore Interbank market rates (offer/bid) on Apr 7 US$ DM SWFC Yen 7 doyi 9 >5/16 13/16 1J 1/4 12 1/8 6 1/8—6 5 1/2—5 3/8 4 7/16 5/16 1 m#» 10 1/16 9193 words
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Article1196 1989-04-08 4 Reuter SINGAPORE: ALL was quiet on the Asian front. Range: D-mark 1 8714/1.8678, yen 132.15/131.70. GBP 1.7053/1.7005 and SSI. 9485/1 9465. Last night's release of US March employment data is the main event of the week After the softer NAPM survey reported on Monday, expectations of the non-farmReuter - 1,196 words
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147 1989-04-08 4 Reuter NICARAGUA yesterday devalued its currency by 4 8 per cent in the eleventh devaluation this year, state television said on Thursday. The move brings the official exchange rate of the Nicaraguan cordoba to 6,300 to the US dollar from 6.000, it saidReuter - 147 words
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Article516 1989-04-08 4 Reuter Eurodollar futures closed lower on profit-taking and position squaring in moderate trade yesterday Dealers said operators were cautious as thev awaited last night s 1230 GMT release of US March employment figures. J"" 6 Eurodo,,ar eased to 89 49 from Chicago s 89 52 and September to 89Reuter - 516 words
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Article285 1989-04-08 4 Reuter Asian dollar deposit rates ended at their opening levels in quiet trade yesterday, dealers said. Operators are looking tor direction from last night's release of US March employment data due at 1230 GMT Term rates were steady to slightly higher at the outset and hardly movedReuter - 285 words
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Article211 1989-04-08 4 Gold futures on Apr 5, 1989 100 troy ounces. US$ pet troy ounce Op«n Hl«h Low s«m« Apr ***** 385 20 383 00 ***** -230 May 385 60 -2.30 J wo 389 50 190 00 38/40 388 60 -2.30 Aug ***** 395 20 392.60 393 70 •2.40211 words
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Article173 1989-04-08 4 Reuter ITALY'S central bank chief warned on Thursday that the Mafia would prosper from a single European Community market unless banks strengthened controls on the investment of profits from organised crime. Bank of Italy Governor Carlo Ciampi told a parliamentary commission of inquiry intoReuter - 173 words
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Article1346 1989-04-08 4 CURRENCY FUTURES OPTIONS Friday, Apr 7, 1989 DEUTSCHEMARK (SIMEX) Apr N calla High Low 53 86 86 54 55 May 88 calli High Low Son 92 Son Apr 88 put High Low I7A 1138 May 88 put High Low Son 8 108 la Son 52 52 Jun 88 calla1,346 words
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Page 4 Advertisements
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Advertisement10 1989-04-08 4 Keep your investment decisions on target HABTPOIHip EVERY SATURDAY JL10 words
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BANKING AND FINANCE
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Article, Illustration688 1989-04-08 5 Reuters THE INTERNATIONAL Monetary Fund is mulling drastic tactics to persuade banks to back a new US initiative to cut Third World debt, IMF officials said on Thursday. In what would be a sharp policy reversal, the IMFReuters - 688 words
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417 1989-04-08 5 Reuter FUTURES Industry Association chairman David Ganis called for a re-examination of links between futures exchanges in the light of the current trend in the industry towards electronic trading. "I don't want us to get so over-enthused about the new girl in townReuter - 417 words
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220 1989-04-08 5 THE Singapore Insurance Brokers Association has censured Citicorp Insurance Brokers (CIB) for making embarrassing and damaging remarks" about the association. The association warned CIB not to "repeat the mischief or it will be forced to take "more serious action" against the firm. In a recent220 words
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Article, Illustration381 1989-04-08 5 DEXTER LEE - By DEXTER LEE TOTAL outstanding bank loans in Singapore hit a new high of $43 billion following a rise of more than $1 billion during January this year According to the latest figures from the Monetary Authority of Singapore (MAS), the manufacturing sector381 words
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Article162 1989-04-08 5 CITIBANK'S Shenton Way Branch will be launching a US$l2,OOO deposit-payment machine to ease the transaction traffic in the branch. In a demonstration yesterday, the bank showed how its customers can 'cut queues' at the counter during peak hours with the new Deposit/Payment Express Machine The162 words
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229 1989-04-08 5 Bernama MALAYSIA'S motor insurance premium rates should be raised to ensure the survival of insurance firms saddled with massive motor insurance claims, insurance industry sources said. They said on Thursday that insurance firms had to bear 90 per cent of accident claims as theyBernama - 229 words
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COMMODITIES
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Article178 1989-04-08 5 Reuter ANTICIPATION of a further rise next week and preweekend covering saw the Kuala Lumpur Tin Market (KLTM) post a new threeyear high of 26.29 ringgit a kg yesterday, up 11 cents from Thursday's close, traders said. Brazil's announcement that it has 6,800 tonnes of tin in stocks,Reuter - 178 words
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Article195 1989-04-08 5 Chinese Produce Exchange Sellers' noon closing prices on Apr 7 (SS/100 kg) Coconut oil Bulk FOB 105.00 Old drum FOB 115.00 New drum FOB 119.00 Copra Mixed (loose) 63.00 sellers Pepper Muntok white FOB NLW 675.00 Sarawak white FOB faq NLW 665.00 Sarawak special block FOB NLW 462.50195 words
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Article266 1989-04-08 5 London Commodity Exchange Buyer/Seller dosing prices on Apr 6, £/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Way 1112/1113 (1115/1119) High/Low 1124/1104 July 1077/1078 (1092/1088) High/Low 1092/1075 Sales (2604) Cocoa May 771/772 (771/772) High/Low 785/766 July 779/780 (779/780) High/Low 794/775266 words
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Article298 1989-04-08 5 SINGAPORE: Rubber prices ended quietly lower yesterday with May 1 RSS buyer quoted at 208.50 cents a kg, down 0.50 cent from Thursday's close, brokers said Prices fell in quiet afternoon trade on long liquidation and in the absence of consumer interest On the TSR-20 Award market, prices moved298 words
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Article298 1989-04-08 5 NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 210.50 211.50N 209.00 210.00 lot 1 RSS Moy 89 210.00 210.50N 208.50 209.00 Int 1 RSS June 209.00 210.00N 207.50 208.50 Int 2 RSS OP 204.00 206 OON 203.00 205.00N Int 3 RSS OP 199.50 20I.50N 198.50298 words
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Article177 1989-04-08 5 Telerate FUEL OIL PRICES are little changed in the Singapore market. Prompt barrels, still tight, command a premium over late April and Ist half May avails. Supply for 2nd half April is stilluncertain with Japanese buyers now looking to the AG and Singapore to satisfy theirTelerate - 177 words
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Article90 1989-04-08 5 (cents/kg) MAY 1989 JUNE 1989 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSB 20 185 50 187.50N 185.50 187.SON SSR SO 183 SO 185 SON 183 50 185.SON MRELB Buyers Sellers Buyers Sellers SMB CV 286 00 *****N 288.00 291 OON SMB I90 words
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Article52 1989-04-08 5 CHICAGO soybean futures closed mostly higher on Thursday Refco was a light outright buyer of new crop November in a thin market Prices finished up one to 5-1/2 cents a bushel with spot May the only contract off one cent at US$7 14 New crop November settled up 5-1/252 words
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Article51 1989-04-08 5 CHICAGO Board of Trade soft red winter wheat ended mixed with gains in deferred new crop months and losses in nearbys May closed up 3-3/4 cents at US$4 00-1/2 a bushel after dropping to a session low of US$3 95-1/2 Prices finished off 3-3/4 to up two cents a51 words
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Article438 1989-04-08 5 MALAYSIAN crude palm oil prices closed steady in thin trading. April south and central both closed unchanged at 905 and 895 ringgit a tonne respectively. The refined palm oil market noted some renewed activity April RBD palm olein traded at U*****.50 a tonne fob Malaysia while May/June made438 words
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Article312 1989-04-08 5 HONGKONG: GOLD closed firmer in quiet trade yesterday. Bullion ended at US$3B4 50/385 00 an ounce against an initial US$3B4 00/50 and a New York closing of US$3B3 50/384 00 on Thursday. Gold rose HK$5 to close at HK53,579 a tael Coins were higher with the krugerrand rising312 words
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WORLD MARKETS
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476 1989-04-08 6 Reuter MILLIONAIRE Frank Lorenzo is selling Eastern Airlines, now in bankruptcy proceedings due to a strike, for US$464 million to a group led by former US baseball commissioner Peter Ueberroth. The money-losing Eastern. purchased by Mr Lorenzo's Texas Air Corp in February 1986,Reuter - 476 words
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313 1989-04-08 6 Reuter ANGLO-IRISH BREWERS Guinness pic has reported a healthy profit for 1988 despite continuing legal wrangles over its takeover three years ago of Scotch whisky firm Distillers. Britain's largest drinks exporter said on Thursday that pre-tax profits for the year to Dec 31,Reuter - 313 words
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169 1989-04-08 6 Reuter DESPITE new rumours that SmithKline Beckman Corp has other suitors to compete with Beecham Group pic, SmithKline and Beecham may announce a merger as early as next week, industry sources said on Thursday. "The pressure is mounting forReuter - 169 words
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Article1947 1989-04-08 6 Reuter MILAN: Italian shares ended weaker yesterday but above the day's lows in quiet trading, with moderate buying interest focused on Montedison, Olivetti, telephone firm SIP and publisher Mondadori, brokers said. The MIB index dropped 0.39 on the day to 1,018 and 0.8 per cent on theReuter - 1,947 words
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Article, Illustration868 1989-04-08 6 New York Reuter US STOCKS and bonds fell while the dollar rose slightly on Thursday in anxious trading ahead of the US government's report on March employment. The Dow Jones Industrial Average dropped 12 83 points to 2,291.97. Declines outran advances 568-to-831 onReuter - 868 words
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Article, Illustration972 1989-04-08 6 London Reuter THE LONDON stock market dropped sharply yesterday morning after an attack of nerves ahead of US jobs figures due yesterday. The FTSE index of 100 leading shares opened 21.3 points down at 2,031.2 and dealers said it was expected to weaken further. OnReuter - 972 words
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Page 6 Advertisements
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Advertisement690 1989-04-08 6 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AUROTECH SYSTEMS (S) PTE LTD (In Members' Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 16 Raffles Quay, #22-00 Hong Leong690 words
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Advertisement762 1989-04-08 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ODD MANPOWER SERVICES PTE LTD (In Members' Voluntary Liquidation) Members' Voluntary Winding-Up At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at Blk 30, Kallang Place, #04-01, Singapore 1233762 words
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REGIONAL MARKETS
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Article, Illustration1418 1989-04-08 7 Hongkong Reuter HONGKONG stocks yesterday advanced slightly on scattered buying in thin trade, brokers said. "Institutions have been buying shares but not in any quantity and the smaller brokers have been active, which suggests some retail activity," a broker said. "It's a case ofReuter - 1,418 words
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Article, Illustration504 1989-04-08 7 Australia Reuter A SELL-OFF in industrial stocks led the Australian share market further down by the close of floor trading. At 0515 GMT. the All Ordinaries Index was down 11.6 points at 1412.9. "Investors were probably more interested in the weather outlook for the weekend." said oneReuter - 504 words
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Article486 1989-04-08 7 Reuter THE TAIWAN stock index closed higher, but a wave of sell-orders in the final hour of trading pulled it off peaks logged earlier in the day. dealers said. The weighted index rose 84.05 points, or 1.1 per cent, to end at 7,619.92 from Thursday's 7,535.87Reuter - 486 words
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Article229 1989-04-08 7 Reuter WALL STREET'S small overnight setback dampened initial trading, but Thai stocks yesterday closed higher on growing bullishness late in the session, brokers said. The Securities Exchange of Thailand Index gained 1.74 points to finish at 453 00 Rises led falls by 57 to 37 with Padaeng,Reuter - 229 words
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Article117 1989-04-08 7 Reuter THE SHARE MARKET yesterday maintained its flat tone but sentiment is turning mildly bearish, brokers said "Confidence is wearing thin," one broker said US employment data due out last night could make offshore markets volatile and undermine the local scene We could start off onReuter - 117 words
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Article, Illustration485 1989-04-08 7 Tokyo AFP SHARE PRICES on the Tokyo Stock Exchange bounced back yesterday, allowing the Nikkei maior market indicator to recover to the 33.000 yen mark. The Nikkei Stock Average of 225 selected issues in the major first section of the market finished at 33,185 05AFP - 485 words
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Article144 1989-04-08 7 Reuter PHILIPPINE stocks yesterday ended narrowly mixed as investors reduced trade on caution in the oil sector and ahead of income tax payments this month, brokers said. The Manila Stock Exchange fell 14 per cent to 934 06 points from Thursday's 947.38. Combined turnover shot up toReuter - 144 words
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Article246 1989-04-08 7 AFP SEOUL STOCKS drifted lower in sluggish trading as investors sold major manufacturing shares, reflecting concern over the strike at the Hyundai shipyard. The composite index shed 4.42 points, standing at 978.23 near the close. Trading volume was 368.1 billion won against 415.3 billion on Thursday.AFP - 246 words
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393 1989-04-08 7 Reuter FOREIGN COMPANIES are poised to tap the huge pool of money Japanese investors put in the hands of investment management firms each year. Japan's investment trust management (ITM) industry, the last financial stronghold controlled exclusively by the country's securities giants,Reuter - 393 words
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Page 7 Advertisements
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Advertisement5 1989-04-08 7 Bombay prices were not available5 words
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Advertisement855 1989-04-08 7 Cold Storage Holdings Ltd VA (Incorporated in Singapore) PRELIMINARY ANNOUNCEMENT OF RESULTS The Director* announce the audited results of t August 1968, the date of incorporation, to 31st he Group for the year ended 31st January 1989 and of the Company for the period 20th January 1989 as follows:TURNOVER The855 words
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SES
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Article, Illustration1157 1989-04-08 8 ANDREA BORCH - by ANDREA BORCH STEAMERS MARITIME Holdings Ltd was the most active issue yesterday as it made its debut on the local market. The company, the former shipping and distribution arm of Straits Steamship, experienced demand from the opening, as 15.62 million1,157 words
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Article102 1989-04-08 8 MALAYSIAN TOBACCO COMPANY BERHAD: 32nd AGM at the Ballroom, Hotel Equatorial. Jalan Sultan Ismail, Kuala Lumpur, on Wednesday, April 12. at 11.30 am. CARLSBERG BREWERY MALAYSIA BERHAD: 19th AGM at No. 55 Persiaran Selangor, Section 15. ***** Shah Alam, Selangor, on Tuesday, April 18, at 11.30 am. CHEMICAL102 words
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Article200 1989-04-08 8 Company RIGHTS ISSUE 0 C Bank One lor two 10/5 per shore E« doi» March 9 Books clow March 73 Acceptance Payment May 5 George Town Three 'or two $1 00 per share Ex date: March 13 Books close Morch 26 Acceptance Payment May 12 InnoPocilic Three for200 words
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Article346 1989-04-08 8 Company RIGHTS ISSUE Ayer Hitam Tin Ow lor one (1 10 per shore Borioyo Corpn One lor one 1(3) V 00 por per shore C 1 Holdings 2/ million loan stocks in the ratio of (3 toon slock lor every live ordinary shores held Causeway Inv Issue ol346 words
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Article6065 1989-04-08 8 1989 Tel Last Vol Day Last Quote Div Div Y'ld Net M Cap High Low Code Company Sale 4-or-(•000) High Low Buyer Seller C'vr P/E Smil APR 07 SECTION ONE INDUSTRIAL COMMERCIAL 162 111 t 1000 Acma 131 4-1 97 131 126 135 140 ION 0 86,065 words
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KLSE
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Article, Illustration3586 1989-04-08 9 MBT THE Kuala Lumpur stock market closed mixed yesterday with investors bullish on property counters on forecast of continued improvement on the property front. Share prices generally opened mixed but property issues attracted the bulk of interest following the rosy projection made in the 1988 TreasuryMBT - 3,586 words
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COMPANIES & STOCK MARKETS
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349 1989-04-08 10 JOCELYN TOH - By JOCELYN TOH ALTHOUGH red ink still ruled the bottom line, Mulpha International Trading Corp is slowly working its way out of the woods. For the financial year to end-December 1988, group after-tax loss before extraordinaries fell nearly 80 per cent to349 words
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Article, Illustration646 1989-04-08 10 KEVIN GWEE - Group's forecast earnings achieved By KEVIN GWEE COLD STORAGE HOLDINGS Ltd, reporting its results for the first time as a Singapore-incorporat-ed company, has achieved its profit forecast by turning in actual group after-tax profit of $15.65 million for the year ended Jan 31,646 words
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274 1989-04-08 10 Bernama TRACTORS MALAYSIA Holdings Bhd is planning to build an office complex on the land in Subang Jaya that it has proposed to acquire if there is a viable anchor tenant to take up the space. Managing director Oavid Park said, "Development willBernama - 274 words
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225 1989-04-08 10 Bernama THE RESCUE scheme for beleaguered Koperatif Serbaguna Malaysia (KSM) submitted by Magnum Corporation Bhd and Magnum Finance Bhd in September last year is still awaiting approval of the authorities, a Magnum Corporation director said. Chan Hua Eng. who is also executive chairman of Multi-PurposeBernama - 225 words
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Article, Illustration365 1989-04-08 10 ALLAN NG - Insider Trial 9 ALLAN NG: COMMERCIAL Affairs Department director Glenn Knight yesterday suggested that businessman Allan Ng was lying when he said that Sealion Hotel Ltd's adviser bank, Standard Chartered Merchant Bank Asia Ltd (SCMBA), needed him more than he.365 words
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Article409 1989-04-08 10 OVERSEA-CHINESE Banking Corp has successfully closed its Asls million takeover bid for ordinary shares in Bank of Singapore (Australia) Ltd (BOSA) on April 7. OCBC, which is now entitled to 96 67 per cent of BOSA s issued share capital, has received acceptances from 82.99 per cent of409 words
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561 1989-04-08 10 WILLIAM CHIA - By WILLIAM CHIA AMCOL HOLDINGS Ltd plans to spend Ms2s million on a 300-room hotel and Msls million on an 18hole golf course-cum-clubhouse on a piece of property it will be acquiring in Johor. Amcol last week announced that it561 words
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Article1313 1989-04-08 10 AT CONVENTIONAL WHARVES Vessel Berth Arrival Departure KEPPEL WHARVES Equotor It 30 okMgwte 0904 0/00 Gooyong K33 oiongs.de 1004 2300 G Sekiton V K36 0l0n9s.de 06 04 2300 Hua»«g K33 oloogi.de 1004 OAU Ki.i. Gornet KJ5 olongs.de 0904 0/00 Mokjkond K16 otongs.de 0604 1800 Morkhom Boy K221,313 words
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Page 10 Advertisements
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Advertisement134 1989-04-08 10 Keppel Corporation Limited IncorporaMd m ine ReouOM oI Snqaporti Notice to all warrantholders of Keppel Corporation Limited Keppel Investment Limited 5575,000,000 4% Guaranteed Bonds due 1991 with warrants to purchase 75,000,000 stock units of Straits Steamship Company Limited from Keppel Corporation Limited The Register of Members of Straits Steamship Company134 words
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Executive Lifestyle
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Article, Illustration1799 1989-04-08 11 JAIME LYE - JAIME LYE tracked down three Pis to get the low-down on today's uptown philanderers. Here and on Page 13, the results of her investigations. JAIME LYE m ARNING: The H MM J following story should not be mj read by the rationally1,799 words
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Article400 1989-04-08 11 Case 1 KURT, a 35-year-old German expatriate, married Kim, a Singaporean divorcee with one child who worked in a managerial position in a bank. Things were fine and dandy until he realised that she wasn't responding to him sexually like she used to. As400 words
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Article, Illustration637 1989-04-08 11 DAVID CHEW - NOSTALGIA By DAVID CHEW AS THEY all say, you're neither too young or too old to rock n roll. Whether you grew up with it or pretend to at some of the nostalgia haunts around town, perhaps nothing attests more to this than637 words
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Article226 1989-04-08 11 DIVERSITEC, the local distributor for Macintosh computers, held an April Fool's Sale last weekend. Among its offers, supposedly at rock bottom prices, was a Mac II computer at $7,999. Considering that another on-going special offer, also by Diversitec. has a Mac II monochrome system selling at226 words
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Executive Lifestyle: Pursuits
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Article, Illustration516 1989-04-08 13 CHARLES SAVAGE - DIVERSIONS By CHARLES SAVAGE IMAGINE DENNIS CONNOR and Michael Fay washed onto the sparkling shores of Singapore riding a publicity shock wave carrying the America's Cup. Hard to believe perhaps, and that's why BT Sports almost ran an "America's Cup to come here" story on516 words
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Article319 1989-04-08 13 Case 4 ALL THE STUFF you read about the rich Chinese towkay and his young bejewelled girlfriend are truer than you think. Major Kalastree told the story of the filthy rich businessman who travelled a lot and always took his mistress with him. His wife319 words
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280 1989-04-08 13 Case 3 j A SINGAPOREAN personnel manager in his 40s hired Major Kalastree to find out if his wife was having an affair. Modus Operandi: This was a straightforward case, the predictability of which ultimately led to the exposure of the wife's affair.280 words
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Article, Illustration734 1989-04-08 13 Case 2 CHENG was a professional woman in her mid-30s. a highly successful marketing executive who met her doctor husband John while they were both studying overseas. They returned separately after graduating, but picked up the friendship upon their return, and were married soon after. Cheng's734 words
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Article230 1989-04-08 13 Case 5 YET ANOTHER of the rich towkay syndrome, from the case files of Mr P T Fernando. The protagonist was a 40-ish tai-tai whose husband suddenly started making monthly business trips to Indonesia, in contrast to his normal twice yearly trips. He also began coming230 words
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Article560 1989-04-08 13 So, you want to have an affair If you must play the fool, literally, two Pis offer you a few guarded tips culled from their most slippery cases. But think again; like the Mounties, they always get their man anyway. Or woman. Or eel... THE560 words
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1004 1989-04-08 14 RICHARD SEAH - Eat well without giving up the joy of eating HEALTH By RICHARD SEAH THE OFFICIAL GOAL of Nutrition Week is to encourage healthy eating A useful unofficial goal, it seems, would be to assure people that they need not give up their favourite foods. It is important not to make1,004 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article537 1989-04-08 15 QUEK SWEE PENG - FOOD in at By QUEK SWEE PENG IF Executive Lifestyle should decide to present a Waitress of the Month award similar to that published in the British monthly magazine. Tatler the staff at Li Bai would surely win the most votes Much has been written about the food537 words
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570 1989-04-08 15 N K Yong - By N K Yong IN BORDEAUX, it may surprise some that the white horse so synonymous with Chateau Cheval Blanc (note: cheval blanc means white horse in French) is not found at its premises, but romps around across the street instead at570 words
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Article549 1989-04-08 15 ANNA TEO - RUNNING By ANNA TEO RUNNERS gearing up for the December 3 Mobil Marathon have no lack of lead-up runs, from the looks of it. Indeed, the accompanying table is by no means a complete calendar, as there may be other runs organised by sponsors such as549 words
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Article, Illustration542 1989-04-08 15 LIFE BEGAN anew at 50 for Chan Meng Hui nine years ago when he quit smoking and began running. And at the pace he goes, many a man half his age would be left gasping trying to keep up. His prowess is542 words
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Article982 1989-04-08 15 CINEMA; Rain Man starring Oustin Hoffman (and by now you would already know that Dustin Hoffman won an Oscar for his role in this movie, one of the four bagged by Rain Man) and Tom Cruise Now showing at Prince 1; 11; 1 30; 4; 6 45; 9.15 and982 words
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Article, Illustration739 1989-04-08 16 SAMUEL EE - ENCOUNTERS By SAMUEL EE VEYOU ever had to speak to someone via an interpreter, and come away thinking that the latter said even less than the person you couldn't understand in the first place? Let me explain. The suspicion crossed my mind upon my739 words
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Article, Illustration493 1989-04-08 16 SANGEETA MULCHAND - THEATRE By SANGEETA MULCHAND To My Heart With Smiles Drama Centre, April 13 to 22 Matinees April 16 and 22 THEATREWORKS' latest play, To My Heart With Smiles, sells itself as an "enchanting story of a timeless romance". "He wooed her with unabashed ardour493 words
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SHORT TAKES
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Article443 1989-04-08 16 ADOI. Native humour doesn't seem to have run out of its novelty appeal because a new book is out to prove that if you can speak fluent Singlish, you're immediately a humorist. That's the title of Kit Leee's first book, a Lat-alike who lampoons Malaysian specimens like443 words
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Article, Illustration738 1989-04-08 16 MOTOWN The sound of Detroit. The sound of Young America. Someday soon you'll look up Motown in the thesaurus and find it listed as "universal sound". Sure. Motown has a distinctive sound. Its contribution to modern day soul has no peers. It has been738 words
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Article, Illustration664 1989-04-08 16 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY TODAY, we continue the discussion on last week's deal when we saw that the east defender had tailed to find the right switch to defeat south's contract of five hearts doubled. The deal is repeated here for easy664 words
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Executive Lifestyle: Sports
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Article, Illustration546 1989-04-08 17 GOLF AP LEE TREVINO, stalking the green jacket that has eluded him for two decades, coaxed a 5-under-par 67 from gusty winds and took a one-shot lead in the opening round of the 53rd Masters. "Not bad for an old cripple,"AP - 546 words
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Article447 1989-04-08 17 UPI THE GENTLEMAN'S game of golf is flashing signals of a new image, one that can lead to an honest-to-goodness international brouhaha. The unlikely battleground for what very well may be the most bitterly contested golf contest in many years is the Belfry inUPI - 447 words
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602 1989-04-08 17 JEROME FANDOR - HORSERACING ON TMCk With JEROME FANDC With JEROME FANDOR THE IVAN ALLAN-KL Oo partnership which provided three good winners in Balmoral Knight, Joyful Jake and High Voltage last weekend should spin yet another in Gasing in Race 5 today. The Ruling 5-year-old was602 words
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343 1989-04-08 17 BOXING AP WORLD Boxing Council featherweight champion Jeff Fenech of Australia has given challenger Marcos Villasana something he rarely grants opponents: respect. The unbeaten Fenech will defend his title against Mexican veteran Villasana over 12 rounds at the National Tennis Centre in Melbourne todayAP - 343 words
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Article, Illustration489 1989-04-08 17 A SURENDREN - TENNIS By A SURENDREN DEFENDING DHL Singapore Women's Open champion Monique Javier. 21, is sure of retaining the first and only title she has won. The tall and statuesque Monique holds another distinction she s the only Briton to have won a tennis title for489 words
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563 1989-04-08 17 Reuter THE LAST TIME the United States won the Davis Cup. John McEnroe was the star and France was the opponent Seven years later, McEnroe will try to lead the US team to another Cup victory over France. McEnroe and Andre Agassi represent theReuter - 563 words
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251 1989-04-08 17 YACHTING AP NEW YORK state attorney general Robert Abrams has decided to appeal a judge's order to forfeit the America's Cup to New Zealand, his office said. Spokesmen for Abrams said on Thursday a decision has been made to appeal. but whenAP - 251 words
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Article, Illustration470 1989-04-08 17 AP MARTINA Navratilova swepf into the quarterfinals of the US$3OO,OOO Family Circle Magazine Cup tennis tournament on Thursday, dispatching Catarina Lindqvist 6-4, 6-2 on a day in which unseeded players scored a pair of upsets. Leila Meskhi of the Soviet Union defeated No 5 seed Lori McNeilAP - 470 words
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Executive Lifestyle: Personal Investment
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1091 1989-04-08 18 AMY BALAN - MALAYSIAN PROPERTY By AMY BALAN WITH the local property market running the risk of overheating, more and more investors are looking across the Causeway. Increasingly among the many Singaporeans who travel daily to Malaysia are high net-worth individuals looking for tenanted properties, shop-lots and1,091 words
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570 1989-04-08 18 ANDREA BORCH - FUND MANAGEMENT By ANDREA BORCH IN THE 18 months since world stock markets crashed in October 1987, most US analysts are still prophesying gloom for the markets As a result, people have stayed out of the markets, preferring to invest in safe deposits like570 words
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Article, Illustration512 1989-04-08 18 Herman Phua - MARINE INDUSTRY -By Herman Phua THE listing of Steamers Maritime should stir up interest in the marine sector, which has a good run last year, gauging from the recent crop of results Below, we feature the latest recommendations by Fraser Roach Research.512 words
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CHART POINT
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Article, Illustration295 1989-04-08 18 Goola Warden - By Goola Warden AFTER more than three strong months in which the market rose by 20 per cent from an STI Index low of 991 to a new postCrash high of 1194, the market appears to be ready for a consolidation. Lately, stocks with good resultsSource: OUB Securities Research - 295 words
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Article, Illustration714 1989-04-08 18 KEVIN GWEE - UK ECONOMY By KEVIN GWEE FOLLOWING the UK budget statement, financial markets began to expect lower short term sterling interest rates despite the backdrop of the restrictive UK near term strategy Going against the tide, Salomon Brothers holds714 words
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Executive Lifestyle: Perspective
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281 1989-04-08 19 IVAN C BAPTIST - letters to the Editor IVAN C BAPTIST Executive Secretary Consumers Association of Singapore Door Sir Whether we realise it or not, we are potentially one of the main source* of feed-borne diseases through unsatisfactory eating etiquette, poor personal hygiene, careless food handling and deficient sanitary281 words
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Article187 1989-04-08 19 R MORTIS - R MORTIS Dear Sir A new bridge to Johor linking up with the new Malaysian NorthSouth Highway is an excellent idee. But why a bridge and not the more eaaily constructed Second Causeway? The site would be at the Western end of the Johor Straits joining187 words
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Article49 1989-04-08 19 DESMOND TAN - DESMOND TAN Dear Sir Batu Lintang has been suspended for more than 3 years. As a shareholder, I am wondering what is going on in the company? Will the relevant authority care to comment and enlighten shareholders as to when it will be relisted?49 words
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103 1989-04-08 19 GERRIT STOFREGEN - GERRIT STOFREGEN Managing Director Paktank Singapore Terminal (Private) Ud Dear Sir Reference is made to the article "Growth of the Bulk OH Industry" in the Business Times Special Supplement dated AprH 3, 1989. For the sake of good order, we do wish to point out103 words
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98 1989-04-08 19 JU C - JU C Ho ad, PreoatUtoßonl and Nar Sir '4 We refer to lite letter "QelcH me if you ean ..from Mr 0* Dieiant (BT 25/26 Mer 89). The Overseas Union Bank denounced their earnings results on Saturday, March It. However. SBCText98 words
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171 1989-04-08 19 MANMOHAN SINGH - MANMOHAN SINGH Dmt Sir Recently, it took me one hour juat to apply for a cashier s order •t Oversea-Chinese Bank Corporation's head office for a share issue account. On batng unsuccessful, I tried to bank the Cashier's Order into my account at OCBC171 words
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115 1989-04-08 19 •Nr 3tr I called the Stock Exchange of Singapore on 30.3.89 to seek clarification on the exchange rate applied by brokers for the registration of shares of Malaysian-incorporat-ed companies. The Public Affairs department replied indifferently that the Exchange gave brokers the discretion115 words
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722 1989-04-08 19 NYT ZURICH'S spotless sidewalks, gleaming shop windows, and austere, fortress-like banks have helped give Switzerland its image as a gilded citadel of cleanliness and civility. But a huge money-laundering scandal is rocking the citadel and causing many Swiss to ask just how cleanNYT - 722 words
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Article524 1989-04-08 19 Qatwidhy BTH APRIL, 1989 FIRST THERE were telephones, and then there was Calcutta Telephones. Residents of that city might be pardoned for thinking so; but the thought has nothing to do with pride. In a city where things function, when they do. by some sort of524 words
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395 1989-04-08 20 LEE HAN SHIH - $13m asking price for International Building floor By LEE HAN SHIH MAYFLOWER Restaurant is selling its premises in International Building along Orchard Road for at least $13 million. But the prospective buyer may not be another restaurant owner. According to international property consultants Knight395 words
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301 1989-04-08 20 JAYARAM MENON - By JAYARAM MENON MORE ASEAN products are to enjoy the benefit of lower tariff duties within Asean. The Singapore Trade Development Board announced yesterday that Asean member countries have agreed that with effect from April 1 this year, another 335 items301 words
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Article, Illustration259 1989-04-08 20 SHOEB KAGDA - By SHOEB KAGDA PRIME MINISTER Lee Kuan Yew was accorded a full ceremonial welcome by the USS Ranger on his first-ever visit on board a US naval carrier. Arriving in the Admiral's Barge, Mr Lee received the 19gun salute as well as259 words
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165 1989-04-08 20 THE FOUNDER of St Joseph s Institution, Father Beurel, was right in emphasising that the school be opened to everyone, whatever his religion might be, said Dr Tony Tan Keng Yam, the Minister for Education, when he officially opened the school s new premises in165 words
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415 1989-04-08 20 FOO CHOY PENG - By FOO CHOY PENG, Hongkong Correspondent A WIDE-SCALE importation of unskilled labour to ease the colony's severe labour shortage has been ruled out by the Chief Secretary, Sir David Ford, yesterday. "We have great reservations about a massive importation of unskilled labour,"415 words
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216 1989-04-08 20 AP TAIWAN and China have signed an agreement to permit Taiwanese athletes to compete in sports championships in China for the first time in four decades. Chang Feng-Hsu, chairman of the Taiwan Olympic Committee, told a press conference in Taipei yesterday that the agreementAP - 216 words
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Article267 1989-04-08 20 UPI ECONOMIC GROWTH in the European Community is the strongest recorded in the past 10 years and while unemployment is dropping, inflation is rising and the external trade deficit is widening, the statistical office Eurostat said "The economic performance of the community is theUPI - 267 words
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335 1989-04-08 20 UPI THE US and the EC reached a compromise on objectives for freer trade in farm products as part of the latest round of global trade liberalisation talks. Precise details were withheld yesterday pending interim accord on setting targets forUPI - 335 words
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434 1989-04-08 20 LILIAN ANG - By LILIAN ANG A CONSTRUCTION Industry Development Board (CIDB) report has revealed that cement prices in Singapore are among the lowest in the region. The report showed that as at the end of last year, cement in bags cost $82 per434 words
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Article121 1989-04-08 20 AFP, AP SOME 1,200 dockers in the northern port of Liverpool in Britain went on strike yesterday in reaction to a government proposal to scrap a 40-year-old hiring scheme which guarantees dockworkers jobs for life. Under the National Dock Labour Scheme, which was introduced afterAFP,; AP - 121 words
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Article96 1989-04-08 20 Reuter COMEX GOLD futures made a quick retreat to the minus column early yesterday on day traders' profit-taking after firming on the smaller than expected increase in US non-farm jobs last month. June gold fell US$l.7O at U*****.00 an ounce, which penetrated Thursdays low of US$3BBReuter - 96 words
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LATE FILE
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Article55 1989-04-08 20 Bernama MALAYSIAN Prime Minister Datuk Seri Or Mahathir Mohamad heads the list of 351 people honoured on the occasion of the Sultan of Johor's 57th birthday today. He is conferred the Darjah Kerabat Yang Amat Mulia Pangkat Pertama, an award usually reserved for the Malay rulers andBernama - 55 words
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55 1989-04-08 20 AFP FOUR Japanese opposition parties agreed yesterday to unite to try and oust Prime Minister Noboru Takeshita, putting further pressure on Japan s leader already suffering under the Recruit stock trading scandal. The four agreed to form a coalition government to replace the government ledAFP - 55 words
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Article34 1989-04-08 20 AP POLAND'S Parliament yesterday lifted the seven-year ban on the Solidarity trade union and enacted constitutional changes to give Poland the first freely-elected legislative body in the East bloc.AP - 34 words
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Article50 1989-04-08 20 Reuter QUEEN Elizabeth will make the first visit to the Soviet Union by a British monarch since the 1917 Bolshevik revolution. Buckingham Palace said she accepted the invitation from Soviet leader Mikhail Gorbachev yesterday but indicated to him that it could take some years to arrange.Reuter - 50 words
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Article47 1989-04-08 20 Reuter TAIWAN'S consumer price index last month hit a sevenyear high at 4.94 per cent. Mr Duan Wei. director of the Bureau of Statistics, said yesterday that inflation this year might rise to 5 per cent from 1.28 per cent last year.Reuter - 47 words
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Page 11 Advertisements
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Advertisement0 1989-04-08 11 :_-/~;!!;}{."?@&-?)>&)>{;|`%"|>0 words
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Advertisement178 1989-04-08 11 TII E H I RHE R R Y Lo<) K I yiP- B SB ,«F. wf f W^W%*sMB mm i fISP a Jmm *>-~f V Sg s>\ ■v> V ;V .rf 4 -iA r?:-~ «'S gmt&. SIP?V "i. sg M -k'.' A%^V- M■%.v' v 4' 5* Ih V -V si178 words
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Page 12 Miscellaneous
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Miscellaneous1624 1989-04-08 12 tZZ&Z. SLOTS 10 WATCH Revolution, Brando and Thomas Hardy MOVIES Absence of Malice, Sat, 10.30pm, Channel 5 Paul Newman plays the victim of a reporter's story, the target of a false allegation. But the reporter, played by Sally Field, is also the dupe of a political ploy by someone with1,624 words
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Miscellaneous1914 1989-04-08 12 6 What you get is straightforward L. .1 ala Goldie Hawn and Kurt fed USSe left W and below) and what it lacks in imagination it makes up for in entertaining predictability. 7. CINEMA Nothing to go overboard about 1 I i 58 t? la a*6V* By JAIME LYE GOING1,914 words
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Page 14 Advertisements
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Advertisement898 1989-04-08 14 _s Where to entertain W EXOTIC FLAVOURS OF SOUTH EAST ASIA 1 30 April Lunch or dinner: $14.50+ per adult y $9.00 per child $9.00-i- per child ,"zr\Cafe Plaza Ci &7*i K^/L> y Plaza Hotel SING APORf WARm«COLOU*FUL*)MViriNC Beach Road. Srtqapore 0719 IS UOUtV(jC HOTEL LOBBY Hillside Lounge presents.... For898 words
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Advertisement207 1989-04-08 14 SILK-ROUTE Yj MANDARIN SINGAPORE PRESENTS SILK KOCTE EXPRESSIONS IN COLOUR ORGANISED BY CHINA SILK MOUSE IN CONIUNCTION WITH SINGAPORE INTERNATIONAL SHOPPING FESTIVAL. FEATURING EXCLUSIVE DESIGNER SILK FASHIONS AND TOP MANNEQUINS FROM CHINA DATE 22 APRIL 80 TIME T.JOPM Venue NEPTUNE theatre restaurant Dinner show tsot. nett TICKETS AVAILABLE AT MANDARIN207 words
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Page 15 Advertisements
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Advertisement219 1989-04-08 15 (j&rill T < Sunday Brunch: A great family outing It'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 and cheeseboard All219 words
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Advertisement72 1989-04-08 15 White out of Black Unlock the secret of Black Tower. A delightfully fruity, light, white wine from the Rhine in Germany; preserved in a pre-Roman shaped, black bottle. T 3T )ualitatsv n Rheinnessen WFINKV lls I' ;< Nr. *****44 03V OtC i ociinnny fllntt Roman t»f. 2 Sf ..Jiu (he72 words
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Page 17 Advertisements
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Advertisement70 1989-04-08 17 11 loDMES TO SINGAPORE ♦V rvuxiHlW AVll* DHL SINGAPORE WOMEN'S OPEN 10-16 April, 1989 EPSON SINGAPORE SUPER TENNIS 24-30 April, 1989 Play each day from spm Available at: Excellent dining facilities Co ci Stora g e Centrepoint Wcstin Stamford (Health Club) Tickets: From $6 Winston's, Collyer Quay Pro Shop,Kallang Tennis70 words
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Page 18 Advertisements
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Advertisement28 1989-04-08 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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Advertisement111 1989-04-08 19 Singapore's a Financial f Supermarket YEARS OF GROWTH THE EMERGENCE of Singapore as a financial centre began in 1968 with the launch of the Asian dollar market. This local pride, which deals in foreign currencies, turns 21 this year. To commemorate this special occasion, BT's 1989 Banking and Finance Supplement111 words
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Page 19 Miscellaneous
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Miscellaneous794 1989-04-08 19 mn j j iid^na; ■■UK* a s S avwd I*B9 alWKffil) 4 Encouraged (9) I Thoroughfares (7) >- Rival (10) 7 Animal hide (4) 10 Prevents passage (6) 11 Unfavourable (7) 12 TUfty (6) It Pollutes (7) 91 Flowers (7) 34 Stoops (11) 2B Inflicting anguish (10) r If Crewmen794 words
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Page 20 Advertisements
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Advertisement109 1989-04-08 20 Vll i tM I W as >, i£ J J ■v 1 Gear up for the weekend with St Michael's casual wear for men. Illustrated: Men's Leisure Shirt Sizes: S, M, L, XL Colours: dark blue, green $69.90 Men's Casual Trousers Sizes: 30-40 Colours: beige, light grey, white $79.90 In109 words
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