The Business Times, 28 January 1989
1989-01-28
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The Business Times
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Title Section12 1989-01-28 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, January 28-29 1989 75 CENTS12 words
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Article250 1989-01-28 1 Dow ug STOCK PRICES added to their recent gains, rising in early trading yesterday along with bonds. News earlier yesterday that the fourth quarter GNP rose 2 per cent was mildly positive. The Dow Jones Industrial Average tacked on 11 to 2302. Gainers outpaced losers by about250 words
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Article110 1989-01-28 1 THE CONSTITUTION of the Republic of Singapore (Amendment) Bill was gazetted yesterday, two days after it was passed by Parliament. The amendment makes it clear that a Chief Justice who has reached the retirement age of 65 can be reappointed. It followed Non-Constituency Member of Parliament Dr Lee110 words
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Article133 1989-01-28 1 AP THE US economy shook off the effects of the market crash and the drought to grow at a robust 3.8 per cent in 1988, the best performance in four years, the government reported yesterday. The increase in the gross national product, the broadestAP - 133 words
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189 1989-01-28 1 NYT NEW ORDERS for durable goods rose by 6.4 per cent in December, a much stronger gain than had been expected. Analysts said that th 9 report was a sign that the economy was entering 1989 with plenty of momentum for continued growth. The DecemberNYT - 189 words
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Article, Illustration225 1989-01-28 1 REGIONAL MARKETS rose yesterday to close the week on a firm note, boosted by a new post-Crash high overnight on Wall Street for the third day running. The Singapore market saw another extremely active day with share prices rising over a broad front225 words
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Article, Illustration403 1989-01-28 1 MARTIN SOONG - By MARTIN SOONG BUSINESS MAGNATE Lien Ying Chow, group chairman of Overseas Union Bank and one of Singapore's last great rags-to-riches success stories, yesterday added another distinction to his already long list of achievements 1988' a Businessman of the Year award. There were more than403 words
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253 1989-01-28 1 OVERCOMING the stereotypical image, and liabilities, of being a Chinese family-run company was one of Pico Art's greatest challenges. But Pico Art, which beat 6 other nominees to pick up the 1988 Enterprise award for the best small and medium-sized company, has253 words
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246 1989-01-28 1 EXCELLENCE must be groomed. Developing a pool of young, talented, and public-spirited businessmen today would help power Singapore into a fully developed country of excellence in the next century, said Communications and Information Minister Or Yeo Ning Hong yesterday. Speaking as guest-of-honour246 words
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Page 1 Advertisements
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Advertisement249 1989-01-28 1 Nikon Ths World's Finest Photographic System. BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD WORL/JW/DE EXPRESS jointly organised by Business Times and DHL International (S) Pte Ltd Full report, Pag# 8 Regional mkts, Pago 7 Bush's sconomlst lowers growth forecast, PAQE 3 Productivity 2 'Humanise' work, industries urged Summit group249 words
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Advertisement210 1989-01-28 1 iko Ths World's Finest Photographic System. Oriental spice... Page 11 .and other things nice Page 13 Hospital air-conditioning woes Page 12 Those ladies from Bulgaria Page 12 The chilli padi wine Page 15 TV programmes for today and tomorrow Unit trusts: still no lustre Page 17 Spirts Support for Pical-Phelps210 words
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HOME NEWS
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Article, Illustration497 1989-01-28 2 SHOEB KAGDA - Expert calls on industries to 'humanise' work By SHOEB KAGDA PRODUCTIVITY is not a mere ratio between input and output. It's not a rationalisation effort. It is more than that. It is a constant effort to revitalise and to reactivate the enterprise in a constantly497 words
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300 1989-01-28 2 DEVELOPING human resources was cited as the main factor in the promotion of productivity by a panel of experts at a discussion yesterday. The panel, comprising productivity heads from six Asian countries, discussed a broad range of issues on the subject as well as problems300 words
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Article181 1989-01-28 2 THE HOUSING and Development Board (HDB) will be selling its modular bricks to the public from next month. HDB. during its long years of building public flats, has found that using these bricks resulted in a higher level of productivity and greater savings in material181 words
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Article177 1989-01-28 2 AN INCREASING number of SAF (Singapore Armed Forces) and Mindef (Ministry of Defence) personnel have been participating in both the Suggestions Schemes (SS) and in the Work Improvement Teams (WIT). This was announced yesterday by Dr Yeo Ning Hong, Minister for Communications and Information and177 words
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Article, Illustration386 1989-01-28 2 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent THE Summit group, a local success story, reached a milestone yesterday with the official opening of its new warehouse for hazardous goods in the West Coast of Singapore. The $5 million warehouse, situated along Tanjong Penjuru off386 words
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362 1989-01-28 2 THE CONSTRUCTION Industry Development Board (CIOB) yesterday outlined three msin objectives which it will pursue in the next few years. Dr Cham Tao Soon, CIDB's chairman, said the board would aim to make the construction industry more cost competitive. It will also strive362 words
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63 1989-01-28 2 SINGAPORE Airlines yesterday announced that the fire extinguisher system of the cargo hold of its four 8757s has been checked for cross-wiring, and no instances of cross-wiring have been found. This action followed a US Federal Aviation Authority airworthiness directive issued recently. SlA's 8757s are63 words
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Article978 1989-01-28 2 AT CONVENTIONAL WHARVES KEPPEL WHARVES I Arrival Mptrtu AM K32 alongside 2901/0200 Ocaon Groce K34 alongside 2901/0600 Sphinx K20 alongside 2901/1500 VorotMOrfy K35 OlOAQSid# 30.01/1200 Fer>ghoongsho K2B olongsid* 0202/2300 April Glory KI8 alongside 28.01/2200 Grunwald K36 olongsid* 2801/1500 Hartford cm alongsid* 2801/1700 JMHI K23 olongsid* 28.01/1500 Kim978 words
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Page 2 Advertisements
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Advertisement54 1989-01-28 2 unni THE SALE OF THE SEASON NOW ON \0 A c ,v v V <?- V <^\V Jackets Trousers Shirts Belts I les and other fine Dunhill Merchandise Hilton International Hotel C entrcpomt Metro Cirand (I Licks Plaza) Daimaru fl.iang Court) Isetan I iavelock New I set an (Orchard (Wisma54 words
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OVERSEAS
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354 1989-01-28 3 NYT THE MAN chosen by US President George Bush as his chief economist, Michael J Boskin, disassociated himself on Thursday from President Reagan's final forecast for the economy and predicted somewhat slower growth this year. Mr Reagan's forecast was for growth of 3.5 per cent.NYT - 354 words
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254 1989-01-28 3 AFP Reuter THE VISIT of President George Bush to Beijing next month is considered a diplomatic coup by some observers in Washington. The quickly-arranged visit means that Mr Bush will be ahead of Soviet President Mikhail Gorbachev, who is expected to visit China beforeAFP; Reuter - 254 words
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267 1989-01-28 3 Bernama INDONESIA on Thursday reiterated its commitment to repay foreign debt, which stood at U5538.36 billion as at March last year, as scheduled to maintain its credibility. "The government will never seek to reschedule payment of its foreign debt," Finance Minister J B SumarlinBernama - 267 words
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227 1989-01-28 3 AP THE EC Commission on Thursday criticised British Chancellor of the Exchequer Nigel Lawson for attacking eflorts to create more economic and monetary union in the 12-nation European Community. Commission spokesman Claus Ehlermann said Mr Lawson's comments on Wednesday night accusing the ECAP - 227 words
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Article948 1989-01-28 3 ARRIVALS Operator Sorvlco Local From number tlmo MAS MH603 0720 KUL MAU MK746 0725 MRU SU SQ23 0730 AMS/BOM su SQ417 0810 DXB/KHI MAS MH640 0820 KUL SVA SV398 0835 JEO/RUH KAL KE624 0640 KUL AAAS MH651 0910 P&4 MAS MH630 0920 KUL ACA AC888 0950 YYZ/im/BOM948 words
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210 1989-01-28 3 Bernama MALAYSIA should register a real growth in gross domestic product (GDP) of 7 per cent this year and 4 per cent in the ensuing years if priority continues to be given to growth-oriented policies, a leading banker says. Or R Thillainathan,Bernama - 210 words
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Article, Illustration503 1989-01-28 3 UPI AP THAI Prime Minister Chatichai Choonhavan and Philippine President Corazon Aquino expressed hopes yesterday that Cambodia's Prince Norodom Sihanouk would reconsider his withdrawal from talks aimed at settling the Cambodian conflict, officials said. Prime Minister Chatichai Choonhavan and President Corazon Aquino also discussedUPI; AP - 503 words
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Page 3 Advertisements
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Advertisement41 1989-01-28 3 The business person'? choice every Tuesday. Thursday. Saturday and Sunday. Leaving Changi Airport at 22:CS hours and arriving at Letter B. Pearson International Airport the following day. Call your Travel Agent or Air Canada at 7)2*555. A BREATH OF FRESH AIR41 words
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Advertisement11 1989-01-28 3 Lance > v m PARIS Boutique: 435 Orchard Road, #02-28/31 Wisma Atria.11 words
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Page 3 Miscellaneous
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Miscellaneous129 1989-01-28 3 (°C) 39/27 Rn« 00-02 Ooor 09/04 Cloudy 17/11 Oaor 31/24 Fair 29/23 Oaor -9/01 CWor 16/08 Cloudy 02-02 Cloudy 03-04 door 20/18 Ooor 11/07 Sunny 27/17 Rno 06/00 Cloar 03-01 Cloudy 35/26 Cloudy 19/08 Cloof 01-09 Cloudy 28/09 Cloudy 26/15 Cloudy 09/01 Cloor 04/02 Cloudy 28/25 Roln 11/06 Cloudy 05-02129 words
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Miscellaneous39 1989-01-28 3 BETTER, BETTERNOUJ Ue'Pß COOKJN'J PROP YOUR. SHOULDER A 81T... 6000! aiK'ajt, cut! BY GARRY TRUDEAU OKAY, HONEY, SHOW MB WHY ME'RB HERB! LEAN BACK, CLOSE YOUR EYES, ANP THINK ABOUT UJHAT MRS SELLING 1 N lIK II I Si39 words
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MONEY AND EXCHANGES
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366 1989-01-28 4 NYT A TOP OFFICIAL with the Chicago Mercantile Exchange said on Wednesday that the huge commodity exchange had appointed a special panel to recommend some of the most extensive changes in its trading system in the exchange s 115-year history. TheNYT - 366 words
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Article1429 1989-01-28 4 CURRENCY FUTURES OPTIONS Fridoy, Jan 27, 1989 DEUTSCHEMARK (SIMEX) Nt Mgh 88 M*o Low Son Fob High 88 puto Low So* 52 53 54 55 56 Mar Mgb 2A 88 mNo Low 2 So* 3 26 89 Mar High 2 22A 79A 88 puM Low CAS 3 22 791,429 words
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Article190 1989-01-28 4 MOST IMM currency futures closed sharply lower and near the lows of the day on Thursday, pressured by reinforced sentiment that US interest rates will remain firm. An unexpectedly strong 6.4 per cent gain in US durable goods orders in December bolstered ideas that the Federal Reserve will maintain190 words
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Article163 1989-01-28 4 Gold futures on Jen 26, 1989 100 troy quick USS par troy ouna Op»w Law 8 Jan 89 403.00 3.00 M> 406.70 407.80 402 80 403.20 -3.20 Mor 405.20 -3.60 Apf 411.80 412.70 405.00 407AO -3 60 Jwi 416-SO 417.70 412.00 412.90 -3.50 Aug 423.30 423.00 418.30163 words
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Article244 1989-01-28 4 ASIAN DOLLAR deposit rates closed slightly firmer after a moderate day's trading yesterday. Dealers said rates were underpinned by a higher US Federal funds rate and a larger than expected 0.4 per cent rise in US December durable goods orders. Operators were awaiting the preliminary US fourth244 words
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Article448 1989-01-28 4 Reuter EURODOLLAR futures closed firmer on Simex yesterday after trading narrowly on position adjustments and commercial buying in quiet trading with sentiment aided by a firm dollar and a fall in oil pricee. Operators traded cautiously due to an unexpected 8.4 per cent rise in US December durable goodsReuter - 448 words
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Article1585 1989-01-28 4 SINGAPORE: The market tested D-mark 1.0543/ yen 120.00/ sterling 1.7035 yesterday. However, with UK December trades and US preliminary fourth quarter GNP slated for release last night it retreated to the doldrums. This in turn was broken by concerted intervention by several European central banks at the Aaia1,585 words
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Article66 1989-01-28 4 THE OVERNIGHT rate on the Singapore money market rose by 1/4 point to close at 5-3/8 per cent yesterday. Short term rates were unchanged across the board at 5-5/16 per cent. S$ Interbank rates at the dose yesterday: oma mo Owar. nig* S 3/8 S 1/4 1-moni* 366 words
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Article98 1989-01-28 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WO OFFER HKJH LOW 3 months 8Q*****X 27.04.89 3.85 3.80 6 months BY*****S 20.07.89 4.01 3.96 4.02 3.95 1 y*or BY*****H 23.11.89 4.15 4.10 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate MO98 words
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Article, Illustration179 1989-01-28 4 Mm»* Sw ewwege el ttw prims Iwidhtg rates of 12 major banks In S'por* Interbank market rates (offer/bid) on Jan 27 us$ DM SWFC Y«n 7 dor* 1 «0t 4 Ntfh 12 m* 1/4 9 \ft S/l* 3/1* 7/1* S/1* 9 9/1* 7/1* 3/4 S/t 13— 13179 words
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Page 5 Advertisements
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Advertisement651 1989-01-28 5 Today marks the Official Opening of our third Jewellery Boutique and our newly renovated Audio Video centre. Yet another chapter in our 22-year history. H PETER LAI GROUP OFCOMMNES i I k Message by: Peter Lai Chairman Peter Lai Group 1988 has been a good year for the Company as651 words
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BANKING AND FINANCE
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352 1989-01-28 6 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent RECENTLY-RETIRED civil servant, Mr Herman Hochstadt, will join the board of public-listed Singapore Reinsurance Corporation next month. From Feb 1, Mr Hochstadt will also be appointed executive chairman of the Export Credit Insurance Corporation of Singapore. He is352 words
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167 1989-01-28 6 AMERICA'S Harvard University will hold a six-week course on banking and monetary policy in Singapore from May 14 to June 24. This is the university's sixth annual course on banking and monetary policy in developing countries, but its first in Singapore. Organised by the167 words
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192 1989-01-28 6 THE STOCK EXCHANGE of Singapore and the Singapore International Monetary Exchange are jointly organising a seminar in Singapore from Feb 19-22. The theme of the seminar is "Window to the Singapore financial markets Mr JY Pillay, the managing director of the Monetary192 words
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431 1989-01-28 6 Reuter US REGULATORS said on Thursday they were suing 11 accounting firms, including three of the biggest in the country, for alleged negligence in auditing troubled savings and loans institutions. M Danny Wall, chairman of the Federal Home LoanReuter - 431 words
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259 1989-01-28 6 Reuter BRAZIL paid commercial banks about US$53O million in overdue interest on Wednesday, reassuring some bankers who had feared a suspension of debt payments by the Third World's largest debtor. William Rhodes of Citicorp, chairman of the bank advisory committeeReuter - 259 words
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87 1989-01-28 6 Reuter THE MACAU currency, the pataca, will become convertible in China from Feb 1, the Chineee State Administration of Exchange Control (SAEC) has announced. The Economic Daily quoted the SAEC, a unit of the People's Bank which sets daily exchange rates for theReuter - 87 words
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COMMODITIES
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Article430 1989-01-28 6 MALAYSIAN crude palm oil prices closed marginally lower on late selling, reflecting a similar trend in palm oil futures yesterday. Conditions were dull all day as the market lacked direction after the recent gains and in the absence of fresh fundamentals. February south region fell M 52.50 to430 words
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Article245 1989-01-28 6 SMGAPORE: Rubber prices ended slightly lower with February 1 RSS buyer quoted at 226.50 cents a kg yesterday. Prices loet 2.50 cents in the morning session on profit-taking in line with lower Japanese rubber prices. But values recovered some 1.50 cents in thin afternoon trading on weekend short-covering interest.245 words
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Article286 1989-01-28 6 RAS prices m s cmm« fob m tMtoi 1 NOON CLOSE Buyers SoHors Buyoci Sollort bit 1 RSS Prompt 225 50 226J0N 225.50 226.50 Int 1 RSS Fob 89 226.50 227.50N 226-50 227-50 Int 1 RSS Mar 228.50 229. SON 228.50 229JO Int 2 RSS OP 216.00286 words
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Article78 1989-01-28 6 (c«*t/ko) FEBRUARY 1989 MARCH •O ao ■O (currant month) (forward month) RAS NOON NOON kyan 8vy«rt S«H»r» SSt 30 202.00 204.00N 202.00 204.00N SSt 50 200.00 202.00N 200.00 202.00N MRELB ■wy«n S»)W« Svyan S*H*n SMt CV 322.50 324.50N 324.50 326.50N SMR I 320.50 322.50N 322.50 324.50N SMI78 words
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Article154 1989-01-28 6 THE KLTM closed steady at M 520.42 a kg in betel trading yeetorday as buyers and sellers settled on the first call. Turnover rose to 130 tonnes from 94 due to higher disposal by miners while the Europeans Increased their demand In anticipation of tight supply. Local Initresit154 words
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Article250 1989-01-28 6 Chinese Produce Exchange S*ll*rt' noon dosing f >ric*s on Jan 27 (S$/100 kg) Coconut oil bo* FOB 108.00 OW drum FOB 118.00 Now drum FOB 122.00 Copra Mixed (IOOM) 64.00 ullin Peppor AA nl n li j|U. "WIIW WTWTW FOB NIW 707 Sorawak whit* FOB foq NIW 697.50250 words
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Article167 1989-01-28 6 Soybean Wheat A WAVE OF LATE shortcovering pushed Chicago Board of Trade soybeans higher under fast market conditions, with nearby soybeans closing up 11-1/4 to 13 cents per bushel on Thursday. Commercial buying near the March low of USS7.4O-1/2 sparked active professional shortcovering, with gains fuelled by light seller interest.167 words
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Article257 1989-01-28 6 London Commodity Exchange Buyer/Seller dosing prices on Jan 26, (£/tonn« unless specified). Previous dosing prices in parenthesis. Coffee Bash in-stor* London, setters option Clf London ion 1190/93 (1187/92) High/Low 1200/1186 Mor 1171/72 (1179/80) High/Low 1189/71 Sol** (2945) Cocoa Mor 840/850 (847/848) High/Low 850/834 May 858/860 (853/854) High/Low 860/843257 words
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Article141 1989-01-28 6 Telerate FUEL OIL prices were fairly steady in the Singapore market but sell indications for February CST-180 were at US$75-US$7B per tonne fob Sing while CST-380 was indicated at US$69-US$7l per tonne fob Sing. A Bahrain cargo arriving in Singapore in the first half of FebruaryTelerate - 141 words
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Article390 1989-01-28 6 HONGKONG. Gold closed little changed from New York levels in mixed and moderate trading with light buying orders from Middle East investors yesterday. Dealing was featureless and local traders were sidelined due to the uncertain direction of the metal market. Bullion ended at U*****.20/402.70 an ounce against an390 words
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Page 6 Advertisements
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Advertisement169 1989-01-28 6 AUSTRALIA AN OPPORTUNITY OF A LIFETIME BUSINESS/ INVESTMENT SEMINARS Australia is looking for a special type of person to open up a lifetime of opportunity. They must possess a track record of business success and must make a substantial financial investment in Australia. If you are such a person then169 words
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WORLD MARKETS
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Article, Illustration741 1989-01-28 7 New York Reuter WALL STREET stocks closed higher on Thursday, posting a new post-Crash high for the third consecutive day. A higher-than-expected rise in US December durable goods set the stage for strong institutional interest in technology issues, which led Thursday's rally, analysts said. They noted thatReuter - 741 words
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Article, Illustration963 1989-01-28 7 London Reuter LONDON SHARES were mostly firmer at the opening yesterday but trading was cautious ahead of British balance of payments figures for December due at 1130 GMT. Dealers said confidence had been boosted by a 25-point gain on Wall Street on Thursday. "The market's strainingReuter - 963 words
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Article1544 1989-01-28 7 Reuter ZURICH: Swiss shares closed easier in moderate trading yesterday as worries about Swiss interest rates dampened market sentiment, dealers said. Union Bank of Switzerland on Thursday raised its mortgage rate by 1/2 point. Dealers said this would boost consumer prices and possibly push the Swiss NationalReuter - 1,544 words
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Article162 1989-01-28 7 Reuter THE SECURITIES Exchange of Thailand Index (ell 1.78 points to 431.26 yesterday on a turnover of 6,124,117 shares worth 535.57 million baht. Reuter JAM 17 BAMT Ao Kham Thai Aywdhya ln»—tm«ii Bangkok AgrcMnd 424 it 36 SO 106 -6 uncti -1 Bangkok Bank Bank Of AyudhyaReuter - 162 words
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Article97 1989-01-28 7 Reuter MANILA share prices closed mostly steady yesterday but a few issues firmed to end a week-long slack period and create the mood for a possible advance next week. "The market is getting ready for an upward turn. Oils will likely take the lead,'' said Alfredo Padua,Reuter - 97 words
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Article, Illustration1311 1989-01-28 7 Hongkong STRONG bullish sentiment pushed Hongkong stocks to their seventh postCrash high of 1989 yesterday. analysts said. They said strong finishes in Tokyo and New York were the catalyst for the bourse to break out of six days of stagnation to have the biggeet one-day gain of the1,311 words
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Article, Illustration511 1989-01-28 7 Tokyo Reuter TOKYO share prices rose to a record close yesterday. the third this week, in broad-based, active trade as sentiment was boosted by a third straight new post-Crash high on Wall Street overnight, brokers said. The Nikkei rose 134.32 points, or 0.43 per cent, to aReuter - 511 words
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Page 7 Advertisements
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Advertisement7 1989-01-28 7 Othor Asian market reports on Pago 107 words
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Advertisement428 1989-01-28 7 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF JARDINE FLEMING (SINGAPORE) PTE LIMITED (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the Members of428 words
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Advertisement384 1989-01-28 7 In the Matter of the Companies Act, Cap. 50 ORO PTE LTD (Incorporated In Singapore) SPECIAL RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed company, duly convened and held at 96 Somerset Road 1002, UOL Building, Singapore 0923 on 23rd January 1969 the following Special Resolution384 words
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SES
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Article, Illustration1129 1989-01-28 8 MICHELLE OH - By MICHELLE OH THE LOCAL MARKET saw another day of hectic trading with share prices rising over a broad front as strong performances from overseas pushed the market up to a firm close this week. The Straits Times Industrial Index rose 6.771,129 words
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Article119 1989-01-28 8 ELECTRO MAGNETIC (8) LTD: 7th AGM at Sir Stamford Room, Hyatt Regency Singapore, #10-12, Scotts Road today at 10.00 am. CYCLE CARRIAGE LIMfTED: 20th AGM at the Royal (level 1), The Regent Singapore. 1 Cuscaden Road on Tuesday, Jan 31, at noon. HONG LEONG CREDIT BERHAD: 19th AGM119 words
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Article304 1989-01-28 8 Manager*' prices UOB Management for Jan 28 30 Unifund 0995 0995 Unibond 0995 102 Singapore Unit Trust MARA-Bumlputra Th* Cmmici 101 107 Firjl B'putro 675 680 Th* Savings Fund 089 094 S*cond B'putro 6.10 6.15 S'por* Prog Fund 038 042 Third B'putro 451 456 S'por* S*c Fund 0.66304 words
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5768 1989-01-28 8 Gr'a Gr'a 1988/89 Tel Last Vol Day Last Quote Dlv Dlv Y'M Net M Cap High Low Code Company Sale or(•000) High Low Buyer Seller C'vr P/E Smll JAN 27 SESDAQ 187 114 t 4000 Amtek Eng 20* 121 1 4 122 121 120 1235,768 words
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KLSE
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Article, Illustration3367 1989-01-28 9 MBT THE Kuala Lumpur stock msrket finished off-best yesterday as late profit-tak-ing trimmed early gains. Dealers noted that blue chipe continued to stesl the limelight with most of them chalking up good gains. Except for Landmarks, thirdliners were thinly traded. Reflecting the support for blue chipe,MBT - 3,367 words
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COMPANIES & STOCK MARKETS
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393 1989-01-28 10 ROSIE TAN - By ROSIE TAN WAH-CHANG Electro-Plating Ltd (Wepco) has entered into a conditional agreement to acquire an industrial property in Jurong for $2.9 million from Wah-Chang International Corporation Ltd (Wisco), a company in the controlling Wah-Chang group. The 9,963 sq m land,393 words
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534 1989-01-28 10 sadXKSB SEVENTY-SEVEN counters, or one in four of the Singapore and Malaysian companies listed on the Stock Exchange of Singapore, are trading near or below par value at the end of 1988. Many have also been trading below their net tangible assets per534 words
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575 1989-01-28 10 LEE HAN SHIH - By LEE HAN SHIH Property Correspondent CITY Developments has talked to a number of parties including Japan Airlines (JAL) about taking over the management of the Orchard Hotel, but it has no intention of selling it. Neither will the company sell575 words
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254 1989-01-28 10 COLD STORAGE HOLDINGS Ltd has confirmed that its shares will not be listed in Malaysia since an application to the Capital Issues Committee for the listing and quotation of the shares on the Kuala Lumpur Stock Exchange has been rejected. In a254 words
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292 1989-01-28 10 MALAYAN Cement Bhd announced yeeterday that posttax profits jumped to M 521.93 million for the year ended Nov 30, 1988, double its IdB7 results of $10.93 million. Turnover increased to $181.64 million, from $179.99 million in the previous period. Income derived from associated292 words
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338 1989-01-28 10 NST COMPANIES on the Kuala Lumpur Stock Exchange s main board will soon have to announce their preliminary results within three months of the close of their half and full financial year. KLSE general manager Mohamed Salleh Abdul -Majid saidNST - 338 words
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460 1989-01-28 10 MBT SOUTH Pacific Textile Industries (SPTI) has proposed a one-for-three rights issue to raise M 577.71 million. The group will also make a one-for-three bonus issue which will add 8.63 million new shares of Msl each, SPTI said in an announcement yesterday. TheMBT - 460 words
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Article456 1989-01-28 10 Reuter TAIWANESE share prices surged to finish sharply higher yesterday after successive waves of buy orders powered a daylong across-the-board rally, dealers said. The weighted index soared 263.37 points, or 4.7 per cent, to end at 5,839.80 compared with Thursday's 5,576.43 close. Turnover jumped by 30 perReuter - 456 words
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Article210 1989-01-28 10 Reuter SEOUL STOCKS posted sharp gains across the board in moderate trading yesterday as the momentum of Thursday's upward drive carried over, brokers said. The composite index firmed 12.54 points near the close to reach 874.00 Turnover was 233.3 billion won compared with Thursday's 186.4Reuter - 210 words
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Article148 1989-01-28 10 BOMBAY share prices were firmer from the outset and closed with widespread gains yesterday, brokers said. They said Tata Steel share was again in much demand following the announcement that the company planned shortly to split the 100-rupee face value share to 10 rupees each. The share148 words
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Article, Illustration509 1989-01-28 10 Australia Reuter WEAKER commodity prices and concern about interest rates took the steam out of the Australian share market yesterday afternoon. By the close of floor trading, the All Ordinaries Index was just 3.2 points up at 1.542.5. Brokers said investors indulged in some profittaking butReuter - 509 words
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Page 10 Advertisements
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Advertisement33 1989-01-28 10 Financial Newsmakers .&>){:$-}\<--_(^[*^)`!-")^}:!;' UP TO 65% Immediate approval at low interest rates. Of Market Value. s F SING INVESTMENTS FINANCE LTD 96 Robinson Road S SIF Building 5 Singapore 0106 J CALL: 221 999833 words
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Page 10 Miscellaneous
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Miscellaneous33 1989-01-28 10 W7ZJV 77/£~ f&z AU- <yootf 77S&J&&. A/tg't/w $&e/ocs: AU- CM* &A/0/ A&5 7& rfew/fi/<zw/=7P&vr/AL, OF<ZOCV&&.. .iti<a. /iA/£> iVUAr/r c/tx/ fT/A/P C/OVM£ sx&z 7& o£"C?*V*/*rtW 77/AA/ e/£V a/Z£' J- £4/0/lU-CC* /t W&//Y65 ts/U CO/yc/p^w/su...33 words
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Executive Lifestyle
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Article, Illustration363 1989-01-28 11 DICK LEE - Call it fashion. Call it style. Call it news. Today, Executive Ufeslyle launches a new column by fashion pundit DICK LEE that gives you all three. What's in town, who's painting it red, and what you can do to stop it dead. Today, our writer prepares363 words
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Article325 1989-01-28 11 WHEN THE BOOK You and the Law was launched last week, write-ups in both Business Times and The Straits Times said the paperback edition costs $16. One major bookstore. however, sells it for $18. After grudgingly paying the extra $2, one buyer of the book is325 words
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Executive Lifestyle: Entertainmet, the Arts & Pursuits
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Article, Illustration995 1989-01-28 12 DAVID CHEW - MUSIC By DAVID CHEW ON THE NIGHT of Feb 2, 1959, a young American singer decided to fly to his next gig instead of taking the bus with the main group of performers. The singer, Buddy Holly, wanted to do his laundry995 words
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817 1989-01-28 12 RICHARD SEAH - HEALTH By RICHARD SEAH A PIECE OF "good news" for the sick recently was that, in a few years, all hospital wards will be air-conditioned. Yes. even patients in the cheapest "C" class wards would enjoy this luxury. "No harm," some hospital doctors were reported817 words
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288 1989-01-28 12 CHESS ONE OF the most common ways to force a draw is to force an ending with bishops of opposite colour. This is because a bishop is restricted to squares of only one of the two colours on a chessboard. So,288 words
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Article, Illustration593 1989-01-28 12 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY THE LADIES TEAM from Bulgaria whose country participated for the first time in the Olympiad Championahips last year did remarkably well. As their country could only afford to send one team they decided on a women's team. This choice turned out593 words
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Article, Illustration623 1989-01-28 14 Roger Loh - ♦> Roger Loh IN AN AGE when pop fans eagerly await the release of Madonna's next work and no one can tell whether her lacy underwear or ferocious hip-grinding is more alluring, the word genius should be reserved with academic ambition. Genius has become, and623 words
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SHORT TAKES
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399 1989-01-28 15 A SAVE-THE-TURTLE campaign may have arrived at a tortoise's pace. The number of leatherback turtles nesting at Rantau Abang, Trengganu has dropped significantly by 98 per cent since last year. The president of the World Wide Fund for Nature Malaysia (WWF) Tan Sri Khir399 words
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Article, Illustration629 1989-01-28 15 THE FOOD TEAM - Domvs a home away from Rome FOOD By THE FOOD TEAM SINGAPORE does not boast too many Italian restaurants, despite the local taste for noodles and rice both are staples of Italian cuisine. But the smallish club of inventive (and upmarket) Italian restaurants has a new member, Domvs. Yes, the629 words
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646 1989-01-28 15 N K YONG - c Wine By N K YONG THE DRY WHITE WINE made from sauvignon blanc grapes, epitomised by the Sancerres and Pouilly Fumes from the Loire, is one of the most useful and delicious wines ever made. Sauvignon blancs are noted for their646 words
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Article, Illustration644 1989-01-28 15 Juanita Shakila - Compiled by Juanita Shakila CINEMA: Cocktail starring Tom Cruise. Midnight show today at Orchard. Short Circuit 2 starring Fisher Stevens. Michael McKean and Cynthia Gibb. Midnight show today at Cathay. Cat'* Eya a Stephen King movie, its showing at Orchard: 11; 1.30; 4; 6.30; 9.15. Tha Mllagro BaantMd War644 words
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Article, Illustration567 1989-01-28 16 SLOTS TO WATCH MOVIES ROCK STAR Prince stars in the musical Purple Rain, which features songs from Prince s award-winning album. First Avenue is the place where up-and-coming bands perform, hoping to make it big one day. Singer Appolonia joins the band Revolution567 words
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Article, Illustration1048 1989-01-28 16 KOH BUCK SONG - CINEMA By KOH BUCK SONG THE NAKED QUN: From the Foot Police Squad strips away all we would expect of normality. A hilarious spoof of the Police Squad TV series from the makers of Airplane, it exposes all the comic possibilities of cinema. The movie a1,048 words
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Executive Lifestyle: Pursuits
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Article, Illustration351 1989-01-28 13 DICK LEE - STUDIO SALONS Stories by DICK LEE TANGS STUDIO is now regarded by many as an innovator in the wonderful world of shopping, instantly upgrading retail standards in Singapore. To add to that, Studio has also included the new concept of Cosmetic Boutiques on the sales351 words
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Article, Illustration309 1989-01-28 13 WATCH WORD IF YOU'VE GOT TIME on your hands, ask yourself this: What do the trendsetters (and followers) have on their wrists at the moment? No, it's not a Bulgari, Heuer, or Cartier the name to go ga-ga for is BREITLING. A vital possession309 words
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Executive Lifestyle: Personal Investment
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528 1989-01-28 17 MICHELLE OH - Before you apply for new share issues BEGINNER'S CORNER By MICHELLE OH FOR A GREENHORN individual investor who is applying for new share issues, the best advice may be to take the bull by its horns. When you read in the newspapers about an upcoming new issue, find out all528 words
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Article, Illustration203 1989-01-28 17 Tsang; Ong Stockbrokers - by Tsang Ong Stockbrokers THE TECHNICAL PICTURE has definitely improved since the break-out in early January (see chart). Since the beginning of this year, the Straits Times Industrial Index has gained 11 per cent and is likely to continue rising. There was very strongSource: Tsang & Ong Stockbrokers - 203 words
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362 1989-01-28 17 OVERSEA-CHINESE Banking Corporation's issue of $200 million Negotiable Certificates of Deposits (NCD) with warrants is certainly one of the most interesting instruments to come on the market in many years. But just how well is it doing? With a week362 words
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964 1989-01-28 17 ANDREA BORCH - AL TERNA TIVE INVESTMENTS By ANDREA BORCH ALTHOUGH prices of Singapore's unit trusts have regained some of the ground ioet in the aftermath of Black Monday, the industry seems caught in the doldrums. "After the market crashed in October 1967,964 words
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Executive Lifestyle: Sports
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445 1989-01-28 18 CHARLES SAVAGE - BOXING By CHARLES SAVAGE BOXING is big business and although the International Boxing Federation bantamweight title fight here next month pales into insignificance against big dollar rollers the likes of a TysonSpinks spectacle, it will attract big spenders here to support their local445 words
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758 1989-01-28 18 JEROME FANDOR - on TMCK With JEROME FANDOR LAST YEAR was a learning experience for the MRA boys who went to Hongkong for the Hongkong Invitation Cup. The horses had to adapt to a different track, a right-handed turn and chilly weather. This year we are far758 words
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374 1989-01-28 18 GOLF AP DAVE STOCKTON finished with three straight birdies for a 7-un-der-par 65 to take the first-round lead on Thursday in the US$l million Pebble Beach National Pro-Am. "I'm not as consistent as I used to be, but on my bad days, myAP - 374 words
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Article, Illustration815 1989-01-28 18 BARRY WOOD - TENNIS By BARRY WOOD By BARRY WOOD, writing for BT from the Australian Open in Melbourne IVAN LENOL will play Miloslav Mecir in the final of the Australian Open after he defeated Thomas Muster of Austria, the number 11 seed, 6-4 7-5 yesterday. Mecir beat815 words
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Article, Illustration365 1989-01-28 18 SKIING AFP VRENI SCHNEIDER'S recordequalling World Cup run has even taken its toll on her own team-mates. Swiss ski chief Yann Tischhauser admitted: "What she has achieved is remarkable but on the other hand she is demoralising others in the squad. "She ridicules her teammatesAFP - 365 words
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229 1989-01-28 18 SQUASH AP SUSAN DEVOY hopes to walk her way to an unprecedented third consecutive women's world squash championship this winter. Instead of practising her technique and smashing a ball against a wall for hours, Devoy was blistering her feet and rekindling her ambition duringAP - 229 words
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Executive Lifestyle: Letters to the Editor
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Article, Illustration747 1989-01-28 19 Patrick Ong - Upset over JTC's new tender eligibility clause Patrick Ong Man aping director Commodttas Pte Ltd Dear Sir A tender notice put up by the Jurong Town Corporation (JTC Tender Notice No JTC/45C/88) in The Straits Times on Jan 20 has been received with747 words
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135 1989-01-28 19 Dear Sir I refer to the letter "Lower hawker prices in the wake of crockery decision?" in BT. Jan 21-22, 1989. I fully support the call by the executive secretary of Case that the prices of hawker food should be lowered if135 words
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Article117 1989-01-28 19 D«ar Sir Americans probably do not recall when their banks first closed on Saturdays, with extended banking hours on another weekday to make up for it. In more recent times, banks In Europe, the UK, Australia and elsewhere decided it was not worth opening for117 words
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94 1989-01-28 19 D«ar Sir How effective is the compulsory bi-snnuai inspection for older cars? Twice I incurred very heavy repair bills when I sent my car to the workshop to prepare it for the inspections. This time I thought I would send it for the inspection first94 words
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Article460 1989-01-28 19 EXCELLENCE, as Or Yeo Ning Hong said at the presentation of the Businessman-of-the Year Award last night, is worthy of pursuit for its own sake. Excellence is, however, as the Minister for Communications and Information and Second Minister for Defence (Policy), added, something that affects a company's460 words
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Page 11 Advertisements
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Advertisement169 1989-01-28 11 One through the heart FOR ONE WEEK, Executive Lifestyle is offering to play agony aunt (or uncle) to anyone who wants to let off steam regarding those... f awesome affairs of the heart. Or anyone who just wants to coo. We don't promise to solve any problems nor to take169 words
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Advertisement29 1989-01-28 11 ae BALENCIAGA PAPIS B a_r« SUCCESS ffl Roy t tnstcrn w\ni< ni no *y IstH'ltJ 304 O*: i"l b nqrtpjffe 09. *****39 7J4IjJS Tafci HS ,Ulst HQVfcAS Fan 7i32<%29 words
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Page 12 Advertisements
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Advertisement43 1989-01-28 12 KUWAIT AIRWAYS 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: *****0443 words
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Page 12 Miscellaneous
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Miscellaneous776 1989-01-28 12 H4 [s"■nrTßf/ w |21|122 [381[39 CRYPTIC PUZZLE ACROSS 9 Intricately woven, are objects that can withstand heat (8) 10 By bringing round fruit, put your foot in it (3) 11 Anxious about getting a priest to help (6) 12 A magnet that slides in and out (6) 13 Says it's776 words
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Page 13 Advertisements
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Advertisement105 1989-01-28 13 Beyond the BEAUTY Size: 15" x 7J 14' x 6J is Performance. The Stilauto Italian alloy wheels are probably one of the lightest on the market and have the smallest production tolerances. Strict controls, laboratory tests. X-Rays and road tests ensure the exacting TUV demands are far \[o: LV'i exceeded105 words
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Page 14 Advertisements
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Advertisement840 1989-01-28 14 areen gol& Where to entertain. PLEASINGLY HYATT Discover the world of sensational Singoporean dishes in a buffet. Taste Singaporean favourites and international specialities at Plum's, daily for lunch, and Friday and Saturday for dinner Price: $22* A fabulous one-stop gourmet's dream I -Plus 10% Service Crxyge and 3\Gownment *v :V840 words
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Advertisement182 1989-01-28 14 Happy Reunion The Mandarin's Reunion Dinner offers an elaborate Dinner with traditional favourites such as Raw Fish Salad and Braised Dried Oyster with Fatt Choy. At $628 nett per table of 10*. We will start your new year to the mekxSc strains of a Chinese orchestra and the Ultimate Dream182 words
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Page 15 Advertisements
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Advertisement280 1989-01-28 15 i 4 t n 1 Sunday Brunch: A great family outing If s a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad280 words
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Advertisement45 1989-01-28 15 The Great White Green Gold. A delightfully dry white wine from the Moselle region in Germany. Great with seafood, white meats and salad dishes. IT m. 'A C 4 v 9teen Mo !T E WNC i ms v. Kendftrmanr; Weinkdiet* 1986 QualitAtswein Mosel-Saar-Ruv.w ■el gtecn&golt>45 words
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Page 16 Miscellaneous
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Miscellaneous1041 1989-01-28 16 SATURDAY E: English. C: Chinese. M: Malay. T: Tamil. L: Live, r repeat. 9.55 AM Opening and Programme Highlights followed by Tennis Australian Open: Women's Singles Finals (L). 1.00 *PM Close. 7.25 Opening and Programme Highlights followed by Bodywatch Beyond Calcium. 8.00 Drama Made In Singapore: Valentine (See Slots To1,041 words
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Miscellaneous1266 1989-01-28 16 SATURDAY 88.8 mHz In VHF Band II 6AM Newshour. 7.00 World News 7.00 Commentary. 7.15 From the Weeklies 7.30 Multitrack 3. 8.00 Newsdesk 8.30 Personal View. 8.45 Recording of the Week. 8.00 News Summary followed by Outlook. 8.29 Financial News 8.30 Classical Record Review. 8.48 Book Choice. 8.45 New Ideas.1,266 words
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Page 17 Advertisements
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Advertisement31 1989-01-28 17 See Broker's Choice, Pag« 10. Dim to pressure on space, the fssturs on a country sst for a strong stockmarfcet nan this yaar will ba run on Monday. Hyundai the last31 words
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Page 18 Advertisements
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Advertisement172 1989-01-28 18 m K ♦> a ill 7! >» m 1 *vtjLi» n ISk vL *<j rt ■VS"*" S if kemttna -£41 M Pisces.***bwSJ BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in172 words
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Page 19 Advertisements
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Advertisement449 1989-01-28 19 BT welcomes letters from readers. Your letters must Include your signature, full name, addraaa, and homo and office talaphona numbers, If any. You may add a peeudonym H you wish. Addraaa your letters to: The Editor, Business Times, 990, Kim Sang Rood, Singapore 0923 Introducing the new Sonata from Hyundai.449 words
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Page 19 Miscellaneous
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Miscellaneous38 1989-01-28 19 UJvW D\D YOU DO OU CMR)STmBS DPty > I ueNT TO R PosH KeSTRURAMT FOR F\ SLAP Up LOITH Sonne OLD FPieybs LWi *T\v V/l \\l "*ljl >N A Mrßd-LJP HIGGINS, niTCHeLL, SKINFLINT S<iNNeR J COLLINS hd sToNeyßßotce STimPsoN38 words
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547 1989-01-28 20 PAUL GOPAL - Ampang Jaya polls lines are blurred Parliamentary by-election today By PAUL GOPAL In Ampang Jaya FOR THE FIRST time since the split in the former United Malays National Organisation, a by-elec-tion is being fought in Malaysia between dissidents calling themselves the Sprirt of '46 and a Chinese candidate supported by547 words
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145 1989-01-28 20 Bernama MALAYSIA and Singapore are working very closely on the environmental impact of the setting up of a processing petro-chemi-cal products plant in Johor, Malaysian Science, Technology and Environment Minister Datuk Amar Stephen Yong said yesterday. He said the proposed plant, which willBernama - 145 words
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374 1989-01-28 20 ZHOU MEI - By ZHOU MEI In Kuala Lumpur THE INDIVISIBILITY of the defence of Singapore and Malaysia was underscored by the Malaysian Defence Minister, Tengku Ahmad Rithauddeen bin Tengku Ismail, yesterday. Tengku Rithauddeen met the press after an hour-long meeting with Singapore's First Deputy Prime374 words
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348 1989-01-28 20 ANDREA BORCH - By ANDREA BORCH THE JAPANESE are spending more time these days discussing 1992 and Fortress Europe than the Europeans. British House of Commons Foreign Affairs Committee chairman David Howell said yesterday. Well, this might be a slight exaggeration. Mr Howell acknowledged with a grin. But348 words
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316 1989-01-28 20 AMY BALAN - By AMY BALAN THE GOVERNMENT investment arm Temasek Holdings has placed out 7.7 million Keppel Corporation shares, reducing its holding to around 55 per cent from 58 per cent in October last year. A Keppel spokeswoman confirmed that the placement was made316 words
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212 1989-01-28 20 THE BANK of Japan warned yesterday that the Japanese economy is in danger of overheating because of increasing labour costs and rising crude oil prices, The central bank warning, made in its quarterly economic outlook, followed a report that consumer prices in Tokyo212 words
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Article78 1989-01-28 20 Reuter COMEX GOLD FUTURES sank to new contract lows early yesterday, with bullion easing below US$4OO.OO early on heavy selling by foreign traders. Spot gold was quoted at U*****.70 an ounce down from Thursday's close of U*****.00. The February gold delivery fell US$3.2O at US$4OO.OO, snapping the oldReuter - 78 words
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LATE FILE
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Article59 1989-01-28 20 UPI VIETNAMESE Foreign Minister Nguyen Co Thach said yesterday in New Delhi, where he is visiting with Vietnamese Communist Party chief Nguyen Van Linh, that talks on settling the conflict in Cambodia would go ahead in Jakarta next month as scheduled despite a decision byUPI - 59 words
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60 1989-01-28 20 Reuter THE pace of growth in Taiwan's external trade will continue to slow this year, the Board of Foreign Trade said. Taiwan's targetted 1968 exports of goods was down to U5566.77 billion this month from the U5571.46 billion set last May. Targetted merchandise importsReuter - 60 words
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Article50 1989-01-28 20 Reuter GUANGDONG province, which has already angered many in Hongkong by building nuclear power planta near the border, ia planning to spend 10 million yuan (US$2.7 million) in 1969 for a preliminary atudy to build two 1,000-megawatt or 600megawatt planta, said provincial Vice-Governor Zhang Gaoli. ReuterReuter - 50 words
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Article41 1989-01-28 20 Reuter THE European Commiaaion is finalising controversial proposals which would oblige European Community countries to impose a tax of at least 15 per cent on interest and dividends earned by non-reaidents from other member states. ReuterReuter - 41 words
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Article39 1989-01-28 20 Reuter BRITAIN reported a record current account deficit for 1988 of £14.27 billion (U5525.25 billion) yeeterday. But a December deficit at £1.26 billion (U552.23 billion) was slightly down on November's £1.47 billion (US$2.6 billion). ReuterReuter - 39 words
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Page 20 Advertisements
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Advertisement115 1989-01-28 20 DON'T LIMIT YOURSELF TO ONLY ONE POINT OF VIEW. m WIT v M 5 WmktT > W mmm u&~ i «*BP I ,-K*W Hi Do yon .s<x an u#/y witch? A young beauty? Or both? Only one magazine looks at both the good and the bad side of business in115 words
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