The Business Times, 3 June 1989

Microfilm: NL16652
Total Pages: 24
1 24 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, June 3-4 1989 75 CENTS
    12 words
  • Article, Illustration
    More new companies heading for Tuas
    470 1  -  LAND SITES AND FACTORIES TAKEN UP INCREASE BY 20pc By GENEVIEVE CUA THE SCARCITY of land in Singapore appears to be prompting more companies to set up sprawling facilities in Tuas, perhaps the only remaining site for capital and land-intensive operations. The rash of
    470 words
  • Article
    Y-Chem to pump $10m more into plant here
    353 1 NEW TECHNOLOGY has prompted Japan-based Yoshikawa Chemicals to pump $10 million more into its $100 million plant in Singapore, which produces lanolin and chemicals (or leather tanning. This was disclosed by YChem's chairman Shiro Yoshikawa when the factory was officially opened by
    353 words
  • Article, Illustration
    Lock icon New Japanese PM Uno pledges to clean up political system
    418 1 Reuter SOSUKE UNO became the 18th postwar prime minister of Japan on Friday, succeeding Noboru Takeshita who stepped down over the Recruit shares-for-fa-vours scandal. Mr Uno, foreign minister until yesterday, pledged to clean up the Japanese political system, rocked by
    Reuter  -  418 words
  • Article
    Lock icon Japan's current account surplus falls by 5.7pc
    173 1 UPI PACED BY contracted growth in merchandise trade, Japan's current account surplus in April decreased 5.7 per cent from a year ago to U556,483 billion, the Japanese Finance Ministry announced yesterday. The ministry said the April surplus, however, was up from U556,321 billion
    UPI  -  173 words
  • Article
    A$ surges to a high of US$0.7600
    125 1 THE AUSTRALIAN dollar surged to a high of U550.7600 in foreign exchanges yesterday as the US dollar continued to lose ground against other major currencies. In Sydney, the Aussie dollar ended at US$O 7583, up from its previous close of U550.7521 on Thursday.
    125 words
  • Article
    Lock icon DOW JONES
    47 1 Reuter US BLUE CHIPS were moderately higher in early trading yesterday, gaining on the hopes that a weaker-than-expected employment report for May will lead to lower interest rates. The Dow index rose 15 to 2,506. Gainers were ahead of declines by about four to one.
    Reuter  -  47 words
  • Article
    Lock icon FOOTSIE
    56 1 AP SHARE PRICES were sharply lower at midday yesterday, as investors found few reasons to enter the market. At about 1115 GMT. the FTSE 100-share index stood at 2,081.3, a drop of 22.1 points, or 1.1 per cent, and just barely above its mid-morning minimum of 2,080.5. Volume was
    AP  -  56 words
  • Article, Illustration
    S'pore surges as regional markets fall
    172 1 THE SINGAPORE market continued to make headway yesterday in spite of the other regional markets closing weaker. Boosted by strong institutional and retail demand, the Straits Times Industrials Index breached the 1,300 mark to end 12.27 points up at 1,305.21. The Business Times Composite
    172 words
  • Article
    Lock icon US jobless rate
    65 1 Reuter THE US CIVILIAN unemployment rate fell slightly to 5.2 per cent last month from 5.3 per cent in April as the pace of job growth dropped sharply, the Labour Department said yesterday. The number of new jobs grew by only 101, OCX) in May, the slowest
    Reuter  -  65 words
  • Article
    FINANCIAL NEWS SUMMARY
    154 1 Stock Indices Friday ST Industrial* Index 1305.21 12.27) BT Composite Index 1206.38 (+13.13) NST Industrial Index 2264.44 (+17.04) HK Hang Seng Index 2675.38 (-14.6 Tokyo Nikkei Averoge *****.42 (-313.93) Sydney All-Ordinaries 1524.8 (-6.1 Thursday New York (Dow Jones) 2490.63 10.49 London (FT 30 Index) 1745.6 (-10.1 Exchange
    154 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      271 1 J Th« World's Ftn*st Photographic Syttom. VJfAtylc f2> i V! m 1 J R m Ten worst social diseases Page One •la Sataniay The economics of tidal waves Page Two California's Mondavi takes on the French Page Four Controversy still surrounds the Pill Page Five A super car saleswoman Page
      271 words
    • Advertisement
      Page 1 Advertisements Column 2
      120 1 TheWbrtd'sFlneet Photographic Syatom. ,;|-}@`$~\>.`;!"(~;_^$+|\<;+/;. IT WAS A MOMENT OF PROMISE AND FULFILLMENT. A DAY YOU TREASURE STILL, THAT LIVES ON IN AN ANNIVERSARY. OMEGA. FOR THIS AND ALL YOUR SIGNIFICANT MOMENTS. m f Xr f 3g|*e. r j* d> v/ t r 'j '■> f*eg<SMfxJr -V JBfe- fc. ..J* OMEGA
      120 words
Page thumbnail Page 2
  • HOME NEWS
    • Article
      GPC seeks to amend Companies Act
      537 2  -  Action follows ruling on retrenchment benefits By ANNA TEO THE GOVERNMENT Parliamentary Committee for Labour may seek to amend the Companies Act and related legislation following a recent High Court ruling that dented retrenchment benefits to employees of a wound-up company. On April 17,
      537 words
    • Article
      Platinum Dragons from Johnson Matthey
      90 2 METAL SPECIALIST Johnson Matthey has introduced a quarter troy ounce version of its popular one-ounce Platinum Dragon. In a statement yesterday, Johnson Matthey said the launch follows the success of the oneounce version, which "has proved to be extremely popular with the investment community". Like
      90 words
    • Article
      Penang Chief Minister leading delegation to S'pore for talks
      183 2 PENANG's Chief Minister, Or Lim Chong Eu, is to lead an eight-man delegation here next week for a two-day official visit. The delegation, comprising members of the State Executive Council and government officials, is expected to call on President Wee Kim
      183 words
    • Article
      Bidding for child-care centres to open
      320 2 PRIVATE OPERATORS will be able to bid for the six new childcare centres at Housing and Development Board estates within a week, a Ministry of Community Development spokesman said yesterday. This will be the first time that the operation of such centres will be
      320 words
    • Article
      Lower age limit for those wishing to rent HDB flats
      145 2 SINGAPOREANS no longer have to wait till they are 29 before applying to rent a Housing and Development Board flat. The age limit for those who want to rent HDB flats has been brought down to the 1986 minimum of
      145 words
    • Article
      S'pore welcomes US move to give arms to NCR fighters
      279 2 THE SINGAPORE government has welcomed the Bush Administration's decision to seek Congressional backing to supply arms to the non-communist guerillas fighting the Phnom Penh regime in Cambodia. Previously, the US government had supplied only nonlethal aid to the non-communist guerillas.
      279 words
    • Article
      Shift towards value-added wood processing
      185 2 ASIA'S wood industry is moving towards more value-added processing of wood products instead of merely exporting timber, says an exhibition organiser. This shift to more processed wood products can be attributed to some major structural changes in the Asian region, says Singapore Exhibition Services. For
      185 words
    • Article, Illustration
      Rebuilt shophouses for rent in Little India Rebuilt shophouses for rent in Little India
      400 2  -  By SANGEETA MULCHAND TWO ROWS of shophouses and a bungalow in Little India, recently reconstructed at a cost of $3.8 million, will be available for lease in August together with a new plaza. The properties, located
      400 words
    • Article
      Questions about CPF insurance scheme answered
      354 2 FOUR QUESTIONS most commonly raised by Central Provident Fund (CPF) members about the new dependants' protection insurance scheme (OPIS) were answered yesterday by the board's officials. The questions were on what DPIS covers, the yearly premium payable, why the board included members in the
      354 words
    • Article
      Electric water heaters must have PUB approval
      203 2 FROM SEP 1. all electric storage water heaters must be approved by the Public Utilities Board before they can be sold. The PUB, in a statement yesterday, said it will be an offence to sell, hire or offer, expose or advertise for sale
      203 words
    • Article
      Foreign worker/maid levy to be raised on July 1
      155 2 THE foreign worker and foreign maid levy will be raised on July 1 as scheduled. A Ministry of Labour statement said yesterday that the decision to go ahead was taken in consideration of the first quarter performance of the economy and
      155 words
    • Article
      Show of support on SAF Day
      143 2 ELEVEN COMPANIES employing some 300 reservists will demonstrate their support for national defence with a combined dedication ceremony at the Bukit Turf Club on July 1. The ceremony, part of the Singapore Armed Forces (SAF) Day celebrations. was initiated last year by nine of
      143 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      972 2 ARRIVALS DEPARTURES Operator Service number Local time From Operator Service number Local time For SU MAS SVA KAL SU MAS MAS ACA S1A CAL CPA MAS GU SU tIA QFA SU GU PAL THA SU SU TRY GU SU THA MAS SU SU SU SU StA SU
      972 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      59 2 #r M:M Mft NLWFUN KELONG RESTAURANT AT SENTOSA SINGAPORE'S DISCOVERY ISLAND mmm \y. ;n -4i r i I I IB! T 4 4 I SPECIAL OFFER ONLY VsB 57EAMB0P5 BUFFET Business Hours: 12 Noon 2-30 pm 6pm- 10 pm LOTS OF FRESH PRAWNS AND VARIETY TO CHOOSE AS YOU LIKE,
      59 words
    • Advertisement
      Page 2 Advertisements Column 2
      35 2 The businra penon'i choice every Tuetday, Thurtdav. Saturday and Sunday. Leaving Chan* Airport ai 22:05 hour* and «n*inf Heathrow early the following morning. Cjit your Tnvri Ago* or Air Canadi 7)2tiSs A BREATH OF FRESHAIR
      35 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      91 2 ir Max/ Note Mln (°C) 12/07 Cloudy 13/07 Cloudy 30/15 Clear 16/08 Claar 36/28 Cloar 34/27 Sunny 30/25 Cloudy 32/17 Clear 23/13 Sunny 27/20 Cloudy 20/03 Clear 27/20 Cloudy 22/17 O'Cast 20/12 Fin# 18/08 Cl*or 18/15 Cloudy 20/14 Cloudy 34/18 Cloar 21/03 CUor 10/01 Fin* 28/18 Cloudy 29/24 Cloudy 14/06
      91 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon China's conservatives poised to crack down on high-flying companies
      490 3 JBlhe question Financial Times CONSERVATIVES in China's leadership, who have been waging a struggle for power against the reformers in the wake of student protests in Beijing, appear poised to extend their crackdown to include some high-flying companies which have been
      Financial Times  -  490 words
    • Article
      Lock icon Japan has lots to do to lift import barriers: Miti
      388 3 FT JAPAN still has "lots to do" to get rid of structural obstacles to imports, a senior official of the Ministry of International Trade and Industry admitted on Thursday. Mr Takeshi Isayama. director of Miti's Americas and Oceania Division, welcomed
      FT  -  388 words
    • Article, Illustration
      Lock icon Bush back from Europe with more stature
      438 3 AFP PRESIDENT George Bush returned to the US from London yesterday after a week-long visit to Europe that has made his authority stronger than at any time since he took office in January. The week began with a speech to the Nato summit
      AFP  -  438 words
    • Article
      Lock icon OECD wants Gatt talks to continue
      519 3 Communique implicitly criticises US action Reuter, NYT MINISTERS from the world's 24 Gatt system, leading industrial countries The meeting was dominated ended two days of talks with a by the trade row. Washington communique supporting contin- hotly denied it was underminued multilateral negotiations to
      Reuter,; NYT  -  519 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      48 3 TODAY'S THE DAY. NOW FLY DIRECT TO 8 U.S. GATEWAYS. ONLY WITH NORTHWEST. mA jsr m v t i >:*« il 4" i v« V t- ■s 'X V fV j-VS *•-J i v 3&3 T. *4rSSIS&*~ v«.,y;„- .'v, y. h FIRST AGAIN NORTHWEST AIRLINES or your travel agent.
      48 words
Page thumbnail Page 4
  • MONEY AND EXCHANGES
    • Article
      Lock icon Forex markets
      1876 4 Reuter SINGAPORE: c THE US dollar fell against most currencies yester- day, but late position adjustment helped it to close above the day's lows, dealers said. It closed at 141.85/95 yen and at 1.9725/35 marks against New York's 142.40/50 yen and 1 9798/9808 marks. Trading was active in
      Reuter  -  1,876 words
    • Article
      Lock icon Simex
      701 4 BA Futures SEPTEMBER EURODOLLAR futures opened 4 ticks lower yesterday than previous Simex close at 90.87 on a weaker US treasury bonds prices following a lower US dollar. Prices hovered inside tight ranges in otherwise featureless activity until Fed dollar The sSeptember contract traded within range from 90 88
      BA Futures  -  701 words
    • Article, Illustration
      World interest rates
      195 4 Indicates the average of the prime lending rates of 12 ma|or banks In S'pore Interbank market rates (offer/bid) on June 2 us$ DM SWFC Yen 7 day* 9 13/16 11/16 1 fMh 9 11/16 9/16 3 9 5/8 9 1/3 6 m* 9 9/16 7/16 3 iwh
      195 words
    • Article
      Goverment Securities Market
      113 4 Treasury bills Day's Period Issue Yesterday's closing code Maturity BID OFFER high low 3 months BQ*****F 31.08.89 3.96 3.91 3.95 3.91 6 months BS*****N 17.08.89 3.96 3.91 1 year BY*****F 24.05.90 4.38 4.33 4.35 4.35 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      113 words
    • Article
      Money
      58 4 THE OVERNIGHT RATE rose by 2/8 to 5 5/8 on the Singapore money market yesterday. The short-term rates closed unchanged yesterday. S$ Interbank rates at the close yesterday offh wo Ov„ 5 S/8 S 1/2 1 month 3 5/16 S 3/16 2 month 5 5/16 5 3/16 3 mom*
      58 words
    • Article
      Lock icon Asian dollar market
      284 4 Reuter ASIAN dollar deposit rates ended at their opening levels yesterday in quiet pre-weekend trade. Dealers said most operators were reluctant to take fresh positions pending the release of US May employment data due at 1230 GMT. Short-dates and term rates were mostly steady at the outset
      Reuter  -  284 words
    • Article
      Options
      1343 4 CURRENCY FUTURES OPTIONS Friday, Juno 2, 1989 DEUTSCHEMARK (SIMEX) Jun M caMa Jun 80 put* High Lew ft HI High Law taa 51 52 50 132 53 54 55 56 CAS CAS CAS 226 325 Sep 88 cede HM LM fl atl Sap 88 put* HWi Law tea 52
      1,343 words
Page thumbnail Page 5
  • BANKING AND FINANCE
    • Article, Illustration
      Factor Chain members approve market development plan
      295 5  -  By QUAK HIANG WHAI REPRESENTATIVES from 33 countries of the Factor Chain International (FCI) has approved an action plan to develop the Asia Pacific factoring market. The plan includes a strategy of educating the business communities in this region on the concept of
      295 words
    • Article
      Lock icon Tokyo forex reserves tumble by US$4.6 billion
      234 5 AFP JAPAN'S foreign exchange reserves dropped sharply to U5595,694 billion at the end of May, down U554,667 billion from a month earlier, the Finance Ministry said on Thursday. It was the largest monthly decline on record in Japan s foreign exchange holdings, the
      AFP  -  234 words
    • Article
      Lock icon Argentina still short of banknotes but riots abate
      481 5 Reuter MANY BUSINESSES ran out of ready cash on Thursday, pushing Argentina towards a banking crisis that could soon bring the country to a standstill, but a wave of bloody food riots abated. A critical shortage of banknotes was threatening to strangle
      Reuter  -  481 words
    • Article
      Lock icon UK heeds call to review funding policy
      142 5 FT UK CHANCELLOR Nigel Lawson has asked treasury officials to investigate City suggestions about changing the government's funding policy. The review now under way on the way the government operates monetary policy might reduce its need to buy-in gilt-edged stock and have the
      FT  -  142 words
    • Article
      IMM
      204 5 MOST IMM currency futures finished higher on Thursday after a dull day and in the upper end of their trading ranges as players quietly squared positions ahead of the release yesterday of US employment data for May. Technicians said yen and mark contracts traded inside Wednesday's price ranges, an
      204 words
    • Article, Illustration
      Lock icon World Bank approves Brady plan, adopts new policies
      420 5 Strategy allows US$l Ob spending to help reduce Third World debt Reuter THE WORLD BANK, putting its stamp of approval on US Treasury Secretary Nicholas Brady's Third World debt-reduction plan, on Thursday announced new policies to guide its future lending. Banking sources
      Reuter  -  420 words
    • Article
      Lock icon Brady plan attacked as inadequate to cut Third World debt
      433 5 AP A LEADING EXPERT on Third World countries' debt has attacked US Treasury Secretary Nicholas Brady's plan for reducing what they owe, saying it will not effectively reduce the billions they pay out every year as interest. The debt is
      AP  -  433 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      143 5 V H- r >Xr*<+^ J» nfOIF <v v :•*■•*;•> v <*» V jSk > k 1 rV*H VJ .•3W« &»*%<> Kf v. *X Sp^H rrJjM vi? MdS9A Just how valid is Hongkong's future? Hie Hongkong Survey in this everyone to worry about individual week's issue of I lie Economist is
      143 words
Page thumbnail Page 6
  • COMMODITIES
    • Article
      Lock icon Fed criticises CFTC over hybrid instruments
      309 6 CFTC urged to heed Fed's concern Reuter THE FEDERAL RESERVE Board approved a letter sharply criticising moves by the Commodity Futures Trading Commission (CFTC) earlier this year to limit its jurisdiction over "hybrid" instruments that incorporate some elements of futures and options. The Fed
      Reuter  -  309 words
    • Article
      Lock icon Mardi finds new approach in cocoa planting to triple yield
      355 6 Bernama THE MALAYSIAN Agricultural Research and Development Institute (Mardi) has found a new approach in cocoa planting that can give a yield nearly three times that using the present method. Mardi director-general Datuk Or Haji Mohamed Yusof Hashim said on
      Bernama  -  355 words
    • Article
      Lock icon Malaysia's cocoa exports up 8pc
      175 6 Bernama MALAYSIA recorded an 8 per cent rise in cocoa exports last year to 224,908 tonnes worth US$9O6 million, the Federal Agricultural Marketing Authority (Fama) said. Fama said 80 per cent of them were in the form of raw beans. Singapore was the biggest buyer,
      Bernama  -  175 words
    • Article
      Lock icon Tin trading returns to LME after gap of three-and-a-half years
      294 6 Reuter TIN TRADING returned to the floor of the London Metal Exchange on Thursday, three-and-a-half years after it was suspended following a commercial crisis that sent prices crashing and halted official business in the metal. Traders described the resumption of
      Reuter  -  294 words
    • Article
      Lock icon Taiwan says renewed rice sales will not threaten US exports
      402 6 Reuter TAIWAN, which ended a five-year rice quota agreement with Washington in 1988, has resumed rice exports and officials said on Thursday they would not pose any threat to US sales. The island this month sold 36,400 tonnes of rice
      Reuter  -  402 words
    • Article
      Lock icon Palm Oil
      552 6 Bernama Total o/p ai at 1100 hm 4206 contracts. Tumovon 656 lon. Morfcot tonoi Mixed MALAYSIAN CRUOE PALM OIL FUTURES finished mixed in fairly active trading yesterday while soyoil prices eroded on the Chicago Board of Trade. Dealers said although Pakistan bought 12,000 tonnes of CPO at its
      Bernama  -  552 words
    • Article
      Lock icon KL Tin
      146 6 Reuter THE Kuala Lumpur tin markat (KLTM) prtca roaa 48 cants to doaa at 27.88 rlnggH a kg yastarday on parslstant brlak Europaan damand, brokara said. Turnovar was 130 tonnaa against Thursday's 162 with aoma oparatora awaiting furthar davalopmants on tha LME bafora taking poaMona. Tha KLTM prlca
      Reuter  -  146 words
    • Article
      Precious Metals
      387 6 HONGKONG: Gold closed higher in quiet two-way trading yesterday on light demand from Japanese and Australian investors, dealers said. Bullion ended at |J*****.60/363. 10 an ounce against an initial U*****.50/363 and compared with New York's 362.25/75 close. Dealers expect it to trade in a US$36l to US$364 range
      387 words
    • Article
      Lock icon Crude Oil and Products
      152 6 Telerate FUEL OIL prices appeared to have stabilise at their current levels, in the (airly balanced Singapore market. 2nd-halt June CST-180 buyers were heard to be at $98-99 mt fob Singapore with sell indications no- tionally around $3-4 mt higher. Jun CST-180 was reportedly sold at
      Telerate  -  152 words
    • Article
      RAS and MRELB
      277 6 RAS prices In 8 cnnts/kg, FOB In batoi 1 NOON CLOSE Buyers Sellers Buyers Sellers bit 1 RSS Prompt 185.50 186.50N 185.50 186 JON lot 1 RSS July 89 183.50 184.50N 183.50 184 JON Int 1 RSS Aug 183.50 1 84.SON 183 JO 184 JON lot 2
      277 words
    • Article
      SSR and SMR
      74 6 (c«nt»/kg) JULY 1989 AUGUST 1989 (currant month) (forward month) RAS NOON NOON Buy*rt SalWn Svy«n SSR 20 153.00 155.00N 153.00 155.00N SM SO 151.00 153.00N 151.00 153.00N MRELB Bwyart S*IWr» Buyers S«lUo SMR CV 245.00 247.00N 247.00 248.00N SMS l 248.00 250.00N 250.00 252.00N SM* 5 220.00
      74 words
    • Article
      London markets
      248 6 London Oils (US$/tonne) 3-months Commodity Polmoil M'sian/Sumatra crude Settlement Exchange OF UK/Rotterdam Jun 390pd Tone: Sales: Jul/Sep 382.5pd Lead Buyer/Seller closing prices M'sian RBD FOB Cosh 402/404 (394/396) on Jun 1 (£/t< onne unless Jul 360pd 3-momhs 393/394 specified). Previous closing M'sian RBD Olein FOB (387/388) 399 (402)
      248 words
    • Article
      Produce Prices
      194 6 Chinese Produce Exchange Sellers' noon dosing prices on June 2 (SS/100 kg) Coconut oil Closing prices on June 2 Coconut Oil (M$/ 100kg) New drums 155.00 2nd hand drums 149.00 Bulk 140.00 Locol In bulk 137.00 Bulk FOB Old drum FOB New drum FOB Copra Mixed (loose) Pepper
      194 words
    • Article
      Wheat
      76 6 CHICAGO Board of Trade soft red winter (SRW) wheat futures firmed to settle mostly higher on Thursday. Only distant July dipped, while most active spot July rose one cent per bushel to US$3.BB-1/2. September led gains. Profit-taking on sentiment the market had recently been technically oversold sparked the turnaround,
      76 words
    • Article
      Soybean
      73 6 NOVEMBER Chicago Board of Trade soybeans rallied to lead deferred months to a higher close on Thursday. Chart support at the day's low of US$6.2O upheld November soybeans, while liquidation of long spot July positions was limited by chart support at about US$7.OO. Old crop July closed off 6.0
      73 words
    • Article
      Lock icon Rubber
      321 6 Reuter SINGAPORE: QUIET conditions prevailed yesterday afternoon with prices hovering within a narrow range in thin trad- ing, dealers said. July 1 RSS was quoted at 183.50 cents a kg, down one cent from Thursday's close. On the TSR-20 Award market, prices were little changed in the afternoon in
      Reuter  -  321 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      101 6 Doonesbury THE ECONOMIC REFORMS HAVE TO 60 HAND IN HANP WITH POLITICAL REFORMS! i WITHOUT THEM, WE HAVE NO FUTURE-! WH A. m ss K4 Yd i INFLATION IS NOW RUN NING AT 30%! ANP EVEN AS COUE6E GRADUATES, WE CAN EXPECT TO MAKE ONLY *25 *25 A MONTH' A
      101 words
Page thumbnail Page 7
  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Intraco teams up with meat distributor Leong Moh
      470 7  -  By WILLIAM CHIA TRADING GROUP Intraco Ltd has entered into a joint venture with meat distributor Leong Moh Company Pte Ltd to expand its share of the local fresh and frozen meat market. The new joint-venture company will be known as LM
      470 words
    • Article
      Lock icon Kamunting's loan notes get lukewarm response from merchant banks
      687 7 MBT THE UNDERWRITING for toll operator Kamunting Corps M 5296 million convertible unsecured loan notes (CLNs) at one per cent has so far drawn only lukewarm response. With only two days to the June 5 deadline, most merchant bankers are still
      MBT  -  687 words
    • Article, Illustration
      JC-MPH shareholders approve inter-company transactions
      359 7 SHAREHOLDERS of Jack ChiaMPH have approved the group s inter-company trading arrangements as contained in a schedule attached to its circular of May 10. At the extraordinary general meeting held yesterday at the Tai-Pan Ramada Hotel, shareholders also approved an amendment to the company's Articles
      359 words
    • Article
      Bukit Sembawang to make capital repayment
      407 7  -  By KEVIN GWEE WHILE THE NUMBER of cash calls has been on the rise, debtfree and cash-rich properly group Bukit Sembawang Estates Ltd is proposing to make a capital repayment to shareholders. In a statement to the Stock Exchange of Singapore yesterday, Bukit Sembawang
      407 words
    • Article
      MTP completes revamp exercise
      317 7 MALAYA TIN Printing Co Ltd is now under liquidation, a state which would have meant the end of the road for most companies, but which signals a new start for the can manufacturing group. The liquidation of MTP is the last part of the group's intricate
      317 words
    • Article
      DIVIDENDS ANNOUNCED
      1286 7 Current b dot* Book* dote Date payable Total lor Ha year Total tor laet year A Enterprises Amcol 6%»M 10% May 3 Jun 16 May 18 Jun 28 Jun 8 Jul 12 H% 10% 10% 9 l%lol Asia Avln tic Do* to 35% I0%TEUI Moy 22 Oct 16
      1,286 words
    • Article, Illustration
      Revaluation raises NOL's assets by $252m
      669 7  -  By ANDREA BORCH NATIONAL FLAG carrier Neptune Orient Lines Ltd has recently revalued its shipping fleet and flagship building at Alexandra Road, resulting in an asset appreciation of $252 million. At a press conference yesterday in conjunction with the release of its latest annual
      669 words
    • Article
      Lock icon 'UIC makes M$9m through sale of Inter-Pac shares'
      417 7 NST UNITED INDUSTRIAL Corporation Ltd (UIC), underwriter of some 36.67 million shares in Inter-Pacific Industrial Bhd (formerly Raleigh), is believed to have disposed of some 30 million shares in the open market and walked away with a cool Ms 9 million profit.
      NST  -  417 words
    • SES
      • Article, Illustration
        Sustained buying pushes prices to a firm close
        1133 8  -  by HERMAN PHUA BUYING INTEREST from institutional and retail investors spilled over from Thursday to push the local market to a firm close yesterday. The Straits Times Industrials Index rose more than seven points within the first half-hour of trade to breach
        1,133 words
      • Article
        Unit trusts
        180 8 Managers' prices for Jone 3 5 Singapore Unit Trust Th* Coauoarc* 1 12 1 19* Th* Savings fund 100 106 S'por* Prog fund 046 050 S'por* S«c fund 0 76 081 S'por* lnv#st fund 083 087 S'por* Equity fund 054 058 Asia Unit Trust Mot lnv*lf fund 1
        180 words
      • Article
        COMPANY MEETINGS
        45 8 OVERSEA-CHINESE BANKING CORPORATION LTD: 52nd AGM at 65 Chulia Street #19-00, OCBC Centre, Singapore 0104, today at noon. YEO HIAP SENG (MALAYSIA) BHD: 15th AGM at the Registered Office. 7 Jalan Tandang, ***** Petaling Jaya. Selangor, on Tuesday. June 6. at 2.00 pm.
        45 words
      • Article
        SES SHARE INFORMATION
        6214 8 1989 High Low Tel Code Company Last Sale JUN 02 -+OCVol (•000) Day High Low Last Quote Buyer Seller Qr'a Dlv Dlv C'vr Gr's Y'W Net PIE M Cap Smil 168 93 183 70% 94 100 101 82% 190 91% 104 144 100 87% 120 74% 138
        6,214 words
    • KLSE
      • Article, Illustration
        Lock icon KL shares close higher
        3415 9 MBT IN SPITE OF some profittaking in the afternoon, the Kuala Lumpur stock market charged full steam ahead yesterday to send prices past new territory in moderate trading. The New Strait Times Industrial Ordinary Share Index put on 17.04 points to close at 2264 44, breaching
        MBT  -  3,415 words
    • REGIONAL MARKETS
      • Article
        Lock icon Taiwan shipyard cashes in on S Korean strikes
        506 10 CHINA SHIPBUILDING CORP WINS RECORD ORDERS Reuter STATE-OWNED China Shipbuilding Corp, Taiwan's largest shipbuilder, has won record orders from abroad and at home at the expense of South Korean shipyards, hampered by strikes. A spokesman said the company on Wednesday signed a
        Reuter  -  506 words
      • Article
        SHIPS IN PORT
        1597 10 Australia AT CONVENTIONAL WHARVES V**MI Voy No B«rift Arrival Departure KEPPEL WHARVES 06 06/ 2300 03 06/ 2300 Borrunshon Bongko* No»« Bong lor Doot yv> 7W8 KI7 K29 alongside alongside V5-IW K30 alongside 0306/ 0600 Koto Beroni e m K32 alongside 04 06/0600 m <33 alongside 0306/
        1,597 words
      • Article, Illustration
        Lock icon Broad selling
        538 10 Tokyo Reuter INVESTORS in Tokyo yesterday dumped basic industry and interestsensitive stocks in favour of blue chips, sparking broad selling. "There's a shift In mood over what sectors are the market leaders." said a broker at a major Japanese securities house. Brokers said investors are disappointed in the
        Reuter  -  538 words
      • Article, Illustration
        Lock icon Lower close
        486 10 Reuter THE AUSTRALIAN share market closed slightly weaker, but up on the day's lows. Brokers said the mar- ket made a solid recovery after an early wave of selling following the rejection of the government's 15 per cent tax on superannuation fund earnings by the Federal Opposition and
        Reuter  -  486 words
      • Article, Illustration
        Index down 14.6 points
        1308 10 Hongkong THE HANG SENG Index closed 14.6 points down at 2.675.36 yesterday after recovering some earlier losses in the afternoon session. But brokers said the recovery from the lunchtime close of 2.649.17 was no more than a slight bounce and the market remained dominated by the
        1,308 words
      • Article
        Lock icon Taipei: Sell-off continues
        434 10 Reuter A CONTINUED sell-off by many investors pushed share prices in Taiwan I lower across the board after a record one-day fall of 335 16 points on ThursI day, brokers said. The weighted index fell 125 40 points or 1.32 per cent to 9,371.82 compared with Thursday's
        Reuter  -  434 words
      • Article
        Lock icon Manila: Shares rally
        166 10 Reuter PHILIPPINE shares rose across the board in heavy trade yesterday as investors bought on chart indicators in the absence of clearer market direction. "Prices rallied only towards the close," said trader Jobert Miranda of Guild Securities Inc. "Investors were looking at chart signals and then decided
        Reuter  -  166 words
      • Article
        Lock icon Seoul: Slow trade
        112 10 Reuter SEOUL STOCKS yesterday weakened steadily in extremely slow trade on investors" concern that the government would squeeze money supply in a bid to contain inflation, brokers said. The composite index closed at 925.04, down 8.05 from Thursdays close. Turnover was 112.3 billion won compared with 116
        Reuter  -  112 words
      • Article
        Lock icon New Zealand: Down slightly
        197 10 Reuter THE NEW ZEALAND share market yesterday closed down slightly, ending the week in the same lacklustre state as when it started. Some brokers said the market appeared to be fully priced and they expect it to head down if it breaks below the 1,900 support
        Reuter  -  197 words
      • Article
        Lock icon Bangkok: Index up
        162 10 Reuter THE Stock Exchange of Thailand Index yesterday rose 3.26 points to 564.88 points on a turnover of 14,909,793 shares valued at 1.334 billion baht. JUNE 02 »AHT Ao Kham Thai. 410 -8 Ayudhya invaatmant 30 unch Bangkok Agro-ind 66 1 Bangkok Bank 2S9 -2 Bank 01
        Reuter  -  162 words
      • Article
        Lock icon Bombay: Heavy trading
        152 10 Reuter SHARE PRICES finished higher but below the day's peaks in heavy trading for new accounts. Brokers said lower contango charges fixed for trading over the last three weeks ending on Thursday spurred all-round speculative buying. The rally, however, met with resistance from regional dealers after a
        Reuter  -  152 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Stocks make moderate gains
        800 11 New York Reuter WALL STREET stocks ended with moderate gains, bolstered by interest in a few stock groups, including technology and financial issues. The Dow Jones Average of 30 leading industrials closed at 2,490.63 for a gain of 10.49 points. Gainers outnumbered declines 868 to 582,
        Reuter  -  800 words
      • Article, Illustration
        Lock icon Share prices open weaker
        972 11 London Reuter SHARE PRICES were weaker in quiet business yesterday after an earlier firmer trend that was prompted by Wall Street's higher close on Thursday. At 0943 GMT, the FTSE 100-share index was 16.7 down at 2,086.7. By 0900 GMT, volume was 173.0 million shares. On
        Reuter  -  972 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1817 11 Reuter FRANKFURT: West German shares soared to new 1989 highs yesterday for the fourth straight day. leaving dealers and observers breathless The real-time 30-share DAX Index peaked at a new 1989 high of 1.423.43 before scattered profit-taking pushed it down to 1,419.71 at the close, up 6.71
        Reuter  -  1,817 words
      • Article, Illustration
        Lock icon Icahn sells US$2b Texaco stake, may now turn to USX
        645 11 SALE OF 42M SHARES BIGGEST IN NYSE HISTORY NYT. CARL C ICAHN, the billionaire chairman of Trans World Airlines, has sold his entire stake in Texaco Inc. the oil company, tor slightly more than US$2 billion. The New York Stock
        NYT.  -  645 words
      • Article
        Lock icon Air Liquide to boost overall investment by 55pc
        254 11 AFP CASH-RICH Air Liquide, the world's number-one producer of industrial gases, is to quadruple its investments in Europe during the current year, and to boost overall investment by 55 per cent to 3.9 billion francs (US$573 million). Air Liquide. quoting a major
        AFP  -  254 words
      • Article
        Lock icon Murdoch to settle lawsuit with Disney
        227 11 FT RUPERT MURDOCH'S News Corporation and the Walt Disney Company have reached agreement in principle to settle a lawsuit launched with considerable acrimony last month. Earlier this week, lawyers in Los Angeles were putting the final touches to a deal that would involve Mr
        FT  -  227 words
      • Article
        Lock icon Hard year ahead, forecasts British Telecoms
        222 11 Reuter BRITISH Telecommunications pic (BT) foresees a difficult year, as fiercer UK inflation and a subdued economy discourage people and businesses from making more telephone calls. Mr Graeme Odgers, BT managing director, said. "It's going to be a tough year, one of considerable challenge,"
        Reuter  -  222 words
  • Page 7 Advertisements
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      296 11 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME i I Tay Teck Chan of Guan Seng Lighterage Pte Ltd hereby (five notice that in consequence of purchase of ship 'Hai Sun Hup 39" from Hai Sun Hup Co (Pte) Ltd. I have applied to the Regis- trar of Singapore Ships,
      296 words
    • Advertisement
      Page 11 Advertisements Column 2
      240 11 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and ARVIN INTERNATIONAL PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 50 Jin. Sultan #21-04 Jalan Sultan Centre, Singapore 0719 on 29th day of May 1989 the following
      240 words
    • Advertisement
      Page 11 Advertisements Column 3
      333 11 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF TELESONIC ELECTRONICS PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No. 1
      333 words
Page thumbnail Page 12
  • Article, Illustration
    Government accepts NWC wage guidelines
    664 12  -  WAGE RISE MUST LAG BEHIND PRODUCTIVITY INCREASE, SAYS COUNCIL By ZHOU MEI THE GOVERNMENT has accepted the National Wages Council's 1989 recommendation that workers be rewarded with a wage increase comparable to that of last year if company and individual performance justify it. But, the
    664 words
  • Article
    NTUC voices support for recommendations
    273 12 THE LABOUR MOVEMENT has endorsed the National Wages Council's (NWC) 1989 wage guidelines. The National Trades Union Congress yesterday said the recommendations "are in keeping with good prospects for a reasonably buoyant economy in 1989". It added that although wage negotiations were settled amicably last
    273 words
  • Article
    NWC guidelines have support of three employers bodies
    431 12 SNEF, SMA, SCCCI REACTIONS THE LATEST National Wages Council guidelines have the support of the Singapore National Employers Federation (SNEF), the Singapore Manufacturers' Association (SMA), and the Singapore Chinese Chamber of Commerce and Industry (SCCCI). These guidelines are qualitative in nature, said
    431 words
  • Article
    Lock icon Chinese government rallies take anti-American turn
    371 12 J* The China question UPI GOVERNMENT-ORGANISED rallies in China took a fierce an-ti-American turn yesterday with officials staging a show featuring men dressed as Uncle Sam pulling the strings of a prominent dissident who has been blamed for inciting pro-democracy protests. In a separate
    UPI  -  371 words
  • Article
    Lock icon Bush sees shift to economics in US-Soviet ties
    174 12 AFP US PRESIDENT George Bush said he believes the Soviet Union "may be in a state of radical change" and that a historic shift from military containment to an emphasis on economics may occur in US-Soviet relations. In an interview published yesterday
    AFP  -  174 words
  • Article
    Lock icon Vietnam warns against 'enemies' of reforms
    209 12 UPI VIETNAMESE LEADERS, apparently concerned by pro-democra-cy demonstrations in China and the Soviet Union, have warned that Vietnam's reforms must never be allowed to degenerate into multi-party democracy. "Socialism is facing very complex trials throughout the world", an article in the latest issue of
    UPI  -  209 words
  • Article
    Lock icon Comex gold and silver
    90 12 Reuter COMEX GOLD futures gave back early gains on scattered selling after the dollar rebounded from lows made on US jobs numbers for May. The August gold delivery dropped US$O.7O to U*****.60 an ounce following a brief rally to U*****.20. Spot gold was off US$l.lO at
    Reuter  -  90 words
  • LATE FILE
    • Article
      Lock icon PNB may take over more firms
      52 12 Bernama THE Malaysian Ministry of Public Enterprises is monitoring the performance of public companies for possible takeover by the Permodalan Nasional Bhd (PNB). So far as many as 39 successful and profitable companies have been transferred to the PNB, a top ministry official said
      Bernama  -  52 words
    • Article
      Lock icon Conference on Cambodia
      53 12 Reuter INDONESIA and France are likely to jointly chair an international conference on Cambodia in Paris and Jakarta in early August, Indonesian Foreign Minister Ali Alatas said yesterday. "The conference will be attended by a limited number of participants, which are now being discussed by the two
      Reuter  -  53 words
    • Article
      Lock icon NZ trade team to visit Indonesia
      45 12 AFP A NEW ZEALAND trade mission leaves Wellington this weekend for Indonesia. Businessman Sir John Mowbray, who is leading the mission said yesterday most New Zealanders were unaware of the "increasingly positive" economic and business environment in Indonesia AFP
      AFP  -  45 words
    • Article
      Lock icon West German unemployed down
      43 12 Reuter unemployed down THE number of unemployed in West Germany fell below two million in May for the first time in seven years. "We have broken through a barrier in May", Labour Minister Norbert Bluem told parliament yesterday. Reuter
      Reuter  -  43 words
    • Article
      Lock icon Week's extension for parliament
      51 12 AFP THE new Soviet parliament will be extended for another week when a party central committee plenum will be held, politburo member Alexandre Yakovlev announced yesterday. The plenum will discuss the results of the new Congress of People's Deputies, which held its inaugural session on May
      AFP  -  51 words
  • Article
    Lock icon Aquino's budget proposal criticised
    170 12 AFP PHILIPPINE PRESIDENT Corazon Aquino's proposed 1990 budget of 238.4 billion pesos (US$ll.O3 billion) yesterday came under criticism even within the ruling coalition and lawmakers vowed to trim it. Much of the concern about the highest budget in Philippine history was focused on the projected deficit
    AFP  -  170 words
  • Article
    Lock icon Work to restore country's image, Mahathir urges Malaysians
    330 12 Bernama DATUK SERI Dr Mahathir Mohamad yesterday urged Malaysians to work with dedication to restore Malaysia's image of about 30 years ago as the second most developed country in Asia. The Prime Minister said that when it achieved independence, Malaysia was only
    Bernama  -  330 words
  • Article
    Lock icon Ruling party wants revamp of political system
    191 12 AFP SOUTH KOREA'S ruling party yesterday called for a constitutional amendment to radically revamp tiie system of government, adopting a parliamentary Cabinet system in place of the presidential system. Park Jun-Kyu, chairman of the Democratic Justice Party (DJP), said the party would start
    AFP  -  191 words
  • Article
    Lock icon S Korea's May trade in deficit
    216 12 AFP SOUTH KOREA suffered a trade deficit for the third consecutive month in May, contrary to general expectations that exports would rebound after labour disputes in April, the government said yesterday. Interim Trade and Industry Ministry statistics showed that exports amounted to U554,936 billion
    AFP  -  216 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      155 12 HANDBOOK FOR ENTREPRENEUR I he aim ol thi* new Handbook is lo serve a* reference guide lor I how who want lo *1 up small or mcdium-si/cd enterprises in Singapore Ihe book covers ilw more important inlormuiion which muy be required by the bu»y cnlerpreneurs and practising managed in (heir
      155 words
    • Advertisement
      Page 12 Advertisements Column 2
      441 12 See PAGE 3 SINGAPORE BUSINESS YEARBOOK 1989 is a must read for corporate executives, managers, entrepreneurs, professionals, young, aspiring executives, and investors who need to keep their fingertips on the pulse of the Singapore business scene. YEAR B O O K fMtp ASEAN ECONOMIC SURVEY Challenges Facing Asean Any slow
      441 words
    • Advertisement
      Page 12 Advertisements Column 3
      3 12 8m PAGE 3
      3 words
Page thumbnail Page 13
  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      404 13 THE FAVOURITE guessing game in Raffles Place right now is which listed company will next make a cash call. The smart money is being laid on F N, but Metro and Wing Tai are also being named. Many are expecting F N to announce a rights
      404 words
    • Article, Illustration
      10 worst social diseases of our time (And how to treat them)
      1421 13  -  qrnp if vou thouaht AIDS was the greatest medical mystery on Earth, think again. Other equally incurable ailments run rampant through modern society, ignored by scientists on the basis that they're not life-threatening, although we all know that
      1,421 words
    • Executive Lifestyle: Perspective
      • Article
        The economics of tidal waves
        552 14 IT IS ALWAYS interesting to hear the words of an economist who is bold enough to philosophise. In fact, the only economists who grip the public imagination are those who have a corresponding philosophy of life to offer, one which is underpinned by their theories
        552 words
      • Article, Illustration
        Power meals
        1874 14  -  Singapore power brokers rarely sign on the dotted line at the end of a five-course lunch. But if they are skilful, they can use those 90-minute sessions to court new clients, pacify enemies or polish their prestige. MICHELLE OH reports. MICHELLE OH SOFT LIGHTS, plush cushions, sweet strains
        1,874 words
      • Article
        Measures to make travelling comfortable
        173 14  -  letters to the Editor D W DISTANT Dear Sir Could the officials responsible for the measures to curb vehicle usage in the CBD please find time to take an MRT train from Yio Chu Kang and stand (you won't find a seat) until Tanjong Pagar
        173 words
      • Article
        Plight of residents in ALS areas
        146 14  -  D W DISTANT Dear Sir When the Area Licensing Scheme was first proposed, I wrote to the Road Transport Action Committee which organised it and pointed out the plight of residents in areas such as Mount Elizabeth who, once they drive into Orchard Road,
        146 words
      • Article
        On the proposed development charge
        82 14  -  JOHN M CARTER CO, Real Estate Consultants Dear Sir Our comments on the proposed new development charge system are as follows: 1. The proposed quantums of the charge take no account of the specific characteristics of individual sites. 2. The proposed (crude) quantums of the
        82 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        Castles in the air
        712 15  -  A Rhine cruise offers lots of charming sights, but that was cold comfort for LIM SOON NEO, shivering in the damp weather LIM SOON NEO, "GO DOWN the River Rhine. You will see castles along the river banks. It's part of Romantic Germany," advises the friendly
        712 words
      • Article, Illustration
        Dragon Seal and Carlton
        402 15  -  WINE By SAMUEL EE DRAGON what??!! Okay, okay, so it's not your usual French-ified or chic California wine (yet?). Dragon Seal, as the name alludes, comes from China. Not exactly renowned for producing table or vintage wines more accustomed to the Western palate, the communist giant
        402 words
      • Article, Illustration
        California's Mondavi takes on the French
        732 16  -  Wine By N K Yong TO MOST of the wine world, Californian wines mean Mondavi. Although there are now several Californian wineries as distinguished as Mondavi's, none has the same currency. This is an astonishing feat for any one wine-maker to achieve within his
        732 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        My clients, my friends
        677 18  -  PROFILE By CHUANG PECK MING I WAS AFRAID to approach Janet Lim for an interview. I was afraid she might try and sell me a car instead. I was afraid I might buy it from her. She is, after all, known to have sold 30 Toyota
        677 words
      • SHORT TAKES
        • Article
          BMW goes native
          83 18 GERMAN RESEARCH to cater for hot Singapore roads? Teutonic technology to benefit Singapore's "ugly motorists"? Apparently so. BMW recently announced that a new Research and Development Centre in Munich will build "acclimatised" cars for our tropical weather. The Ssl.2 billion centre, which employs 6,000 engineers, will "incorporate
          83 words
        • Article
          Not Hotel Muzak
          135 18 THE CANTILENA String Quartet will give a mixed and varied concert tomorrow. Starting at 11am, the Le Meridien lobby will be filled with the strains of Hyden's 0p.74 N0.2, Mozart's Op.lO N0.3 and Beethoven's Op.lB N0.4. The Quartet is made up of Lynette Lim, head of strings
          135 words
        • Article
          Chinese coolies
          171 18 RETURN to the squalid past at Sentosa s newest exhibit. Built at the cost of almost $100,000, it attempts to recreate the cramped and overcrowded atmosphere in the living quarters of Chinese immigrant labourers at the turn of the century. Reeking with "sadness (and) hardship", the scene comes
          171 words
        • Article
          Singapore art
          208 18 AT LEAST one entry in the recent IBM Art Award Competition was a marriage of philosophy and paint. With Descartes' cogito "I Think. Therefore I Am" as its title, it clinched first prize in a competition jointly organised with the National Museum Art Gallery. Based on the competition
          208 words
        • Article
          Eye for dessert
          127 18 ELIZABETH ARDEN must certainly think that the way to a woman's face is through her stomach. With the help of the sweet tooth, to be more exact. At a special preview luncheon to launch their new range of fashionable compacts, desserts of a combination of blueberry and
          127 words
      • Article, Illustration
        Andy, this ONE'S for you
        474 18  -  MUSIC By QUAK HIANG WHAI THEIR BROTHER Andy died last year, leaving the brothera three to dedicate their latest album to him. Perhaps it's their way of finally closing the gap of success between them and Andy, a gap that was never bridged during the
        474 words
      • Article, Illustration
        Rebels with a cause — for celebration
        900 18  - Rebels with a cause for celebration rSssi Roger Loh TWO MUSIC REBELS from the northern and southern hemispheres, Joe Jackson and Jerry Jeff Walker, share honours this week for continuing a tradition that has kept their music unique through the decade. The spotlight, however, belongs to Canada's Cowboy Junkies, a
        900 words
    • Executive Lifestyle: Entertainment
      • Article
        les cafes
        468 17  -  THE SUN RA YS sneak in settle down and stay for quite a while. The shopping guests trickle in settle down and stay for quite a while. Les cafes. Chic, classy and contemporary. FOOD By QUEK SWEE PENG Cafe Lafayette The sun touches Mario Botta's Prima chairs and
        468 words
      • Article
        A test of moral fibre and skill
        669 17  -  BRIDGE By SYBIL HOLLOWAY EACH PARTICIPANT in the Epson Contest this year will once again be offered free entry to the Epson World Bidding Challenge. An Epson PC and printer will be presented to the outright winner worldwide with over one hundred other
        669 words
      • Article, Illustration
        Controversy still surrounds the Pill
        913 17  -  HEALTH By RICHARD SEAH AFTER more than 30 years of being proclaimed "safe", the contraceptive pill continues to stir up controversy. After British researchers recently found an increased risk of breast cancer among young oral contraceptive users, the Obstetrical and Gynaecological Society of Singapore promptly
        913 words
      • Article, Illustration
        BILLBOARD
        1062 17  -  Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Dramatic Encountara. This local presentation by Practice Theatre Ensemble promises to be an interesting, multi-lingual presentation of classical plays, poetry, folk songs and everyday dialogue. Among the performers invited are Li Moran, one of the most highly honoured actors of contemporary China and
        1,062 words
      • Article, Illustration
        Oliver: Twist 'n growl
        532 19 More movies enter the battle for the celluloid dollar over the school holidays. We put our money on these two... THAT DISNEY TOUCH ain't quite gone yet. Like Billy Joel keeps singing so merrily about in Oliver And Company, this cartoon's certainly got savour fairo. Like,
        532 words
      • Article, Illustration
        By Jones, they've got it!
        608 19  -  By JAIME LYE Though we would not give you false hope On your child's school holiday But this father and son reunion Isn 't gonna take your breath away PAUL SIMON would have written it better, but Indiana Jones still plays a pretty decent swan
        608 words
    • Executive Lifestyle: Personal Investment
      • Article
        Five bullish on the Dow
        732 20 STOCK MARKETS The Dow Jones Industrial Average will hit 3,000 within the next 12 months, predict five US money managers in an interview with financial weekly Barrons. They also share their views on where the American economy is heading. THE BIG PLAYERS in the United
        732 words
      • Article, Illustration
        Lock icon Tokyo stocks set for avalanche of public funds
        751 20 The Economist THE TOKYO stock market is bracing itself for the arrival of some of the hottest new money around. Following the decision by Japan's Ministry of Finance to allow public institutions to invest more of their assets in highreturn shares rather
        The Economist  -  751 words
      • Article
        Lock icon Fed fiddles, dollar booms
        743 20 CURRENCIES NYT IS NEGLECT of the US dollar truly benign? Washington's reluctance to tamp down the soaring greenback has been greeted with a mixture of sympathy and resignation by most economic analysts. An all-out effort to stem the appreciation of the dollar, it is widely agreed,
        NYT  -  743 words
      • Article
        Lock icon Tracking stock markets — minus the exchange-rate fears
        312 20 Tracking stock markets minus the exchange-rate fears HEDGING FT WITH EXCELLENT TIMING, bearing in mind the turmoil in the currency markets, Barings is launching next week what is claimed to be the first international index fund that will allow you to protect yourself against movements in foreign exchange rates. The
        FT  -  312 words
      • Article
        Lock icon NYSE plans new product for institutional investors
        538 20 EXCHANGE STOCK PORTFOLIOS Reuter THE New York Stock Exchange has approved an instrument that will enable investors to trade, in a single execution, a portfolio of stocks. The device, called the Exchange Stock Portfolio, will be a capitalisation-weighted basket of stocks based on
        Reuter  -  538 words
      • Article
        Lock icon Ireland launches new exchange
        188 20 FUTURES FT MR CHARLES HAUGHEY. the Irish Prime Minister, yesterday launched the Irish Futures and Options Exchange (Ifox), the first exchange to be created in Ireland since the formation of the Dublin Stock Exchange in 1799 A total of 24 financial institutions have subscribed US$l.9 million
        FT  -  188 words
      • Article, Illustration
        Booming trade, reduced borrowings expected to boost NOL earnings
        672 21  -  mm wm By ANDREA BORCH NEPTUNE ORIENT LINES should hold a steady earnings course during the next couple of years. Analysts and the group's directors expect the shipping company's performance and profits to continue to grow as a result of booming
        672 words
      • Article
        Warrants: premiums and gearing
        349 21 Company Amount Conversion terms Premium/ (discount) using Gearing 1 Expiry Prices (as at 26.&.B9) Exer price Optional" (m units) Wrts Share Ln stk Conv ratio 1 Date mths left nom value C K Tang 16.9 2.570 4.700 1.00 2.25 3 1.83 31.5.90 11 Chuan Hup 50.2
        349 words
      • Article, Illustration
        Watch the waves, chartist warns
        679 21  -  ELLIOT WAVE ANALYSIS By HERMAN PHUA ROBERT SAPERSTEIN. founder of New Jersey-based RS Investments, has advised local investors to count and take heed of their Elliot Waves as the stock market here warrants some caution. Mr Saperstein. who visited Singapore earlier in the week to
        679 words
      • Article, Illustration
        Technical factors to the fore, fundamentals take a back seat
        710 21  -  KEEPING TRACK By KEVIN GWEE THE LETHARGIC stock market performance towards the end of last year frustrated many fundamentalists who seemed unable to accept the state of the local bourse, given the strong fundamentals of the Singapore economy. And adding
        710 words
      • Article, Illustration
        Six participants join race to raise funds for charity
        460 21  -  By HERMAN PHUA IT'S BACK! After last year's success. which saw the Community Chest of Singapore receive more than $280,000 in donations, the Great Investment Race has returned to raise more funds for charity. This unique charity event, which tests participants'
        460 words
      • Article
        Margin trading: Higher returns, higher risks
        710 21  -  BE0innER'5 CDRflER f£jj fly WILLIAM CHIA FOLLOWING the earlier article on investing in shares we now take a look at how an investor can buy more shares by using borrowed funds. The loan facility is usually offered in the form of a secured loan
        710 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        A day of missed opportunities
        517 22  -  GOLF By A SURENDREN DRAMA-A-PLENTY there was on the second day of the Tiger Open at Sembawang Country Club yesterday. White the order of the top contenders remained largely unchanged, with overnight leader Lim Choo Kee carding a one-under 70 to maintain the top spot
        517 words
      • Article, Illustration
        Lock icon British strugglers steal the show
        236 22 AFP LAN YOUNG and Paul Curry, two struggling British golfers on the European tour, stole the show in the opening round of the £300,000 British Masters on Thursday. Young, the 27-year-old former Scottish professional champion, grabbed the lead by equalling the course record with a
        AFP  -  236 words
      • Article
        Lock icon Weibring keeps title hopes in sight
        294 22 UPI DA WEIBRING, hobbling on a tender toe. matched the course record with a 7-under-par 64 on Thursday to grab a one-shot lead after one round of the US$9OO,OOO Kemper Open in Virginia. Weibring, seeking his third title and first in two years, played
        UPI  -  294 words
      • Article
        Turn on the TV, sit back, put up your feet, have a good time
        433 22  -  By CHARLES SAVAGE WHILE APRIL was the Festival of Tennis, June is the month for pedestrian pleasures. Whatever your fancy be it walking, jogging or marathoning, this is the month to put on your sneakers and
        433 words
      • Article
        Lock icon Cipollini wins 12th stage of Italian tour
        160 22 CYCLING AP ITALY's Mario Cipollini on Thursday captured the 12th stage of the Italian cycling tour following a crowded sprint marred by spills. Dutch Erik Breukink retained the pink jersey of overall leader for the third consecutive day, on the eve of a
        AP  -  160 words
      • Article, Illustration
        Lock icon Graf scores easy victory over Jagerman
        446 22 TENNIS UPI, Reuter. RAIN HALTED PLAY at the US$4.5 million French Open tennis championships yesterday, but not before world No 1 Steffi Graf had defeated Holland s Nicole Jagerman 6-1, 6-2. Graf's centre court match was the only one of the day's opening contests
        UPI,; Reuter.  -  446 words
      • Article, Illustration
        Lock icon A spirited comeback by Foreman
        643 22 BOXING NYT A MID-AFTERNOON RAIN falls on Houston. When it stops, roosters along Lone Oak. a street of bungalow-type homes set on cinder blocks, begin to crow. George Foreman, the former heavyweight champion, is due any minute at the white stucco building at 2202 Lone
        NYT  -  643 words
    • Executive Jobs
      • Article, Illustration
        Up the Japanese corporate ladder
        1933 23  -  How far can Singaporeans move up the ladder in a Japanese company? Do they have an even chance to make it to the top echelons? ANNA TEO discovers that the odds are not overwhelming, even for women, provided that they know the rules of the
        1,933 words
      • Article, Illustration
        A slow, hard climb for the Japanese graduate
        192 23 COMPARED with their counterparts at headquarters, a good number of Singaporean executives move up by leaps and bounds. In Japan, it would take a fresh graduate 15 to 20 years, usually longer, to scale each rung on the hierarchy and even then,
        192 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        229 23 MARGARET RICHARDS will assume responsibility for all United Distillers business in South-east Asia from July 1. She will replace Walter Caldwell who is returning to the United Kingdom as business development director with the international division of the company. PA Consulting Group has appointed SHIRLEY LOW as
        229 words
      • Article
        Desperately seeking ... forex and fund managers
        651 23  - Desperately seeking forex and fund managers By CHUANG PECK MING MILLIONAIRES are made almost overnight. Hyperbolical? All right, a year if you please. All you need is a good track record of speculating in the foreign exchange market as well as the ability to run a forex department. Hot-shot forex
        651 words
      • AD WATCH
        • Article
          Three cheers for Miniscribe, Micropolis and Apple
          290 23 WE, WE, WE RAH, RAH, RAH. It sounds almost as if the circus has come to town, and the rubicund barker outside the Big Top is working up a sweat to pack the crowds in. No, this is no circus ballyhoo, though the
          290 words
        • Article, Illustration
          Hey, man, that's sexist
          78 23 MALE CHAUVINISTIC PIGS may have reacted with indignation to last Tuesday's The Straits Times classifieds ad headlined: "Lady Engineer Wanted". And appearing immediately below it was something quite jarring: a photo of a bespectacled Caucasian man of fairly serious visage. Below the photo, however, is something
          78 words
        • Article
          Dialect in the clouds
          79 23 MANDARIN is in, dialect is out. Or is it? A US Fortune 500 Company and British Airways have asked for dialect speakers in their ads last Saturday. The US company says its prospective personnel manager-designate should be able to speak Mandarin and the major local dialects,
          79 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      18 13 The young Liz Taylor in Cleopatra Your Weekend TV slots in colour, including the week's movies Back Page
      18 words
    • Advertisement
      Page 13 Advertisements Column 2
      174 13 LCall Lisa from any phone, any day, anytime at 222 5544 or 222 8844— HONG LEONG SINGAPORE FINANCE LIMITED FINANCE LIMITED <Sh COS'NOISSEL'RS F O K COLLECTORS When choosing your Dunhill Elite, let The Hour L.ilass enhance the occasion. m >• > x •> A At Vie I low C
      174 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      44 14 BT welcomes letter* from reeders. Your letters must Include your signature, full name, address, and home and office telephone numbers, H any. You may add a pseudonym, If you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923.
      44 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      764 14 CRYPTIC PUZZLE ACROSS 9 What made the bug choose you? (3, 6) 10 Spill out, say, as you study it (4, 4) 12 Try to fin out what will be worn at the dance? (4) 13 Jam made from scratch (6) 14 Transport from the library (7) 15 Let it
      764 words
Page thumbnail Page 15
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      329 16 Where to entertain... Where to entertain... Where to entertain... Where to ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOIHKR IS THE CHOICE OF MAIN COURSES. For between $26 and $40+ ■I y OU can select lrom our appetiser GRILL buffet including seafood, smoked salmon
      329 words
    • Advertisement
      Page 16 Advertisements Column 2
      144 16 1/ Coffee Pot II i~ »»//<•/• ,1 fVlji il /•/< lli l <'l Ihihiy, i buuw. ///«4»//«•.•/</// II «/<r// <///.•///<■ ////<'<•/' I'//!' /«'<'/. I'iviii i'/ir itrti iihmi <///(' /•I I Hit.'. I /<'// .</// .UWIfHi il »•«//•/<■/ 1/'*/ unn.<. /wr.vAivr'/r. /»/< <•. (>nitit-fh\'. ()pen daily: Momlav- I hursdav, Suiula\ 7
      144 words
    • Advertisement
      Page 16 Advertisements Column 3
      174 16 restaur ant TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CALIFORNIAN BUFFET BRUNCH delightful hot and cold dishes a jazz BAND TO PUT YOU IN A MERRY MORNING MOOD EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE FAMILY SUNDAYS
      174 words
    • Advertisement
      Page 16 Advertisements Column 4
      215 16 < <2, -v J e 1 4 3Rfc RIiSTAI 'RANI sf. iW unique taste of I hai an J L antonese Wi 42 JOS^ Coffee xHouse,,/ (L (Level 5) Where the service is good, the ambience great, the food simply marvellous 1 An experience you II not forget v choice
      215 words
    • Advertisement
      Page 16 Advertisements Column 5
      194 16 We lay the magnificence and opulence of the British on our tables this month. Tuck into delicious Beef Steak smothered in J onions, Steak and Kidney Pie, Irish Stew, Yorkshire Pudding, Dundee Cake and Richmond Maids of Honour, to name a few. Even the Royal Guards will put their best
      194 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      187 17 entertain-.. Evemy Sunday Theme's A Family Feast In The Pakk. At the Hubertus Grill, Sunday brunch u* a great outingfor the family. A glorious buffet spread it laid out for both grown ups ant) children. And to nuilce sure the kith are truly entertained, there s an exciting Mattel playroom.
      187 words
  • Page 17 Miscellaneous
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      98 18 D JG c/y~±l\\■ 1 fitness ty Fitness Infiyrxit'cnaJ HEALTH FAIR" 1 :OOpm s:OOpm Cholesterol Testing Blood Pressure Body Fat °/o Computerized Health Assessment Body Therapy by Physionique SATURDAY 3 JUNE'B9 1:00PM —S:OOPM GRAND OPENING CERFMONY" 1:30 PM GRAND OPENING SPECIAL 50% OFF ENTRY FEE. VALID TILL 3 JUNE, 5:00 PM.
      98 words
Page thumbnail Page 19
  • Page 19 Advertisements
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      96 20 mm It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European merger. FOCUS every Wednesday and Friday, zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the
      96 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      28 21 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.
      28 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      10 23 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day
      10 words
    • Advertisement
      Page 23 Advertisements Column 2
      100 23 PHILIP MOTHA CONSULTANCY PTE. LTD #09-230 Faber House Orchard Road Singapore 0923 Tel: *****11 PROPERTY PROFESSIONALS Applications are invited from property professionals and salespersons, to be recruited in various capacities and for suitable positions, in the areas of management, marketing, appraisal, investment, taxation, and related flews. Please write an interesting
      100 words
  • Page 23 Miscellaneous
Page thumbnail Page 24
  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      613 24 The week's movies Cleopatra, Today. 9.30pm, SBC 5 A lavish production worth a second watch. If not for that, then at least for Elizabeth Taylor and Richard Burton who translate their real life romance on-screen. And they got rave reviews for acting out what's second hat for them. Hercules, Today,
      613 words
    • Miscellaneous
      Page 24 Miscellaneous Column 2
      2059 24 SATURDAY——^ mM h i m m mM episode introduces the unique an of paper-cutting in Yuxian as well as show the beauty of the snow-covered Great Wall during winter Coming Attractions. Naadaga Arangam (T. Last episode). News (T). Wildcat (C. Ep 15). News at Eight (C). The Perfect Match (C.
      2,059 words
    • Miscellaneous
      Page 24 Miscellaneous Column 3
      1689 24 Our choke Today, 6.30pm, SBC Mother Nature has made this cute little furry animal look like something of a schizophrenic. Watch how its behavioural patterns change with the onset of autumn as it starts its frenzied preparation for winter and the long hibernation ahead. With spring, it emerges to mate
      1,689 words