The Business Times, 10 June 1989
1989-06-10
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The Business Times
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Title Section12 1989-06-10 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, June 10-11 1989 75 CENTS12 words
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Article630 1989-06-10 1 LEE HAN SHIH, LILIAN ANG - STRONG BOOST FOR PROPERTY MARKET By LEE HAN SHIH, LILIAN ANG THE PROPERTY market received a much-needed boost yesterday when local property heavyweights showed in an open tender that they were willing to pay top dollars for prime properties. Held by the Urban Redevelopment Authority,630 words
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441 1989-06-10 1 FOO CHOY PENG - By FOO CHOY PENG LAST WEEKEND'S bloody crushing of the students and civilians in Beijing has led to a dramatic rise in the number of Hongkong professionals thinking of moving to Singapore. The Singapore agency charged with recruiting441 words
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553 1989-06-10 1 jgThe China question Agencies CHINA'S senior leader, Deng Xiaoping, appeared on television yesterday for the first time since May 16. flanked by President Yang Shangkun, Premier Li Peng and military chiefs. LookingAgencies - 553 words
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Article107 1989-06-10 1 THE US DOLLAR yesterday reached the year's highest closing rate of 143.50 yen in Tokyo despite intervention by the Bank of Japan. Trading was generally quiet with many dealers staying on the sidelines, awaiting news of the May US Producer Price Index which was scheduled to107 words
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Article58 1989-06-10 1 Reuter WALL STREET blue chips were bouncing up and down in a narrow range around Thursday s close. Selling followed news of a bigger than expected rise in May producer prices, but investors fearful they had missed a big upward move came in buying on dips, brokers said.Reuter - 58 words
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Article63 1989-06-10 1 AP LONDON share prices were little changed at midday yesterday, as the market awaited the release of the US producer price index. Dealers said the market was anxious to see if progress was being made against US inflation. At noon, the Footsie 100-share index stood at 2,145.4, up 2.0AP - 63 words
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Article, Illustration244 1989-06-10 1 SHARE PRICES in Singapoie and Hongkong moved up yesterday as the turmoil in China became less evident, while Tokyo closed lower ahead of the weekend trade figures. The Straits Times Industrials Index recovered 34.10 points to close at 1,241.21 after a sharp fall of244 words
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Article159 1989-06-10 1 Stock Indices Friday ST Industrials Index 1241.21 34.10) BT Composite Index 1138.11 31.41) NST industrial Index 2165.92 26.25) HK Hang Seng Index 2268.38 43.72 Tokyo Nikkei Average *****.98 (-78.31 Sydney AH-Odinarlei 1543.5 (-1.8) Thursday New York (Dow Jones) 2516.91 4.59 London (FT 30 Index) 1773.0 14.8 Exchange159 words
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Page 1 Advertisements
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Advertisement222 1989-06-10 1 Tho Wbrid't FinMt Photographic Syatom. Hark, What Darkness? Page One The history of management Page Two Soul survivors Page Three An apple a day can bring cancer your way Page FWf Taking on the giants Page Eight Restriction on Canadian women Page Ten Exmtto Jtfcs HK draws Singapore's financial wizards222 words
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Advertisement48 1989-06-10 1 PAGE 2: Crushing of an uprising PAGE 3: Worried HK businessmen turning to Manila BACK PAGE: B'porsans cancel China tours World reluctant to Impose hill sanction® 'Slop violence If you want normal relations PERSONAL INVESTMENT, PAGE NINE HK's loss, Singapore's gam Companies and their links with China. HK48 words
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Advertisement228 1989-06-10 1 New records set In URA sale of land sites, BACK PAGE HISTORY IN TIME V "-4 <• Ni i v TA Planetarium Copernicus, handmade in 18 ct gold. individually numbered, sapphire crystal. urter res,s,an, ,o 30 m. shcckproof. Planetarium Copernicus The Planetarium by Ulysse Nardin combines with a pure stroke228 words
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Advertisement17 1989-06-10 1 u Ttw World'*FtnMt Pholoqwphlc lyrtim. Full report, PAGE 8 Regional Mkts, PAGE 10 World Mkts, PAGE 1117 words
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HOME NEWS
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Article466 1989-06-10 2 GENEVIEVE CUA - Camera manufacturer developing three more models By GENEVIEVE CUA HOME-GROWN CAMERAS from Suntax Industries are finding their way to Europe and the manufacturer is hard at work developing three more models for export by the end of the year. Suntax managing director Lin Hock466 words
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344 1989-06-10 2 MARTIN SOONG - By MARTIN SOONG LABOUR MINISTER Lee Yock Suan has urged the International Labour Organisation to speak out against protectionism. In a speech to the 76th session of the ILO conference in Geneva on Thursday, Mr Lee said that as an important344 words
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Article97 1989-06-10 2 THE NATIONAL University of Singapore (NUS) Society, an alumni organisation, has set up a student loan fund to assist needy undergraduates of the local university. Anwarul Haque, the society's president, launched the fund when he presented a cheque for $200,000 to the university's vice-chancellor. Professor97 words
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256 1989-06-10 2 THE 16 .INTEGRATED service buses which serve the Central Business District will be exempted from the Area Licensing Scheme from next Monday, the Communications and Information Ministry announced yesterday. The move follows Communications and Information Minister Dr Yeo Ning Hong's256 words
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192 1989-06-10 2 GOLOBELL Engineering Re Ltd. the local distributor for Mitsubishi trucks, has leased about 10,000 square metres of land from the Jurong Town Corporation (JTC) for expansion purposes Goldbell Engineering, which markets the Mitsubishi Fuso and Canter range of trucks, plans to develop 8.000192 words
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272 1989-06-10 2 SINGAPORE AIRLINES has I formed a committee to monitor the implementation of the company's corporate identity programme. Since SlA's corporate identity was revamped two years ago. all publicly visible items such as inflight and advertising, and other printed items have been272 words
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156 1989-06-10 2 SINGAPORE AIRLINES will act as technical adviser for a $6.7 million aircraft maintenance project at the Soekarno-Hatta Airport in Jakarta. The monthly in-house newsletter of the SIA Group, Outlook, reported that Mitsui Co had recently signed an agreement to supply Indonesia's national carrier,156 words
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470 1989-06-10 2 SINGAPORE AIRLINES has just installed a high-tech cabin emergency evacuation trainer costing $2.4 million in its Flight Operations Building at Paya Lebar. The new trainer recreates a section of the passenger cabin of SlA's 8747-300 Combi aircraft, with every detail, including overhead storage470 words
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FOCUS
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Article, Illustration2135 1989-06-10 2 JOHN POMFRET, DAN BIERS - The events in China over the past week have gripped newspaper pages from day to day in a mass of terrifying detail. JOHN POMFRET and DAN BIERS draw together the main strands of those events and give a blow-by-blow account of how the demonstrations were crushed.AP - 2,135 words
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OVERSEAS
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657 1989-06-10 3 AL O LABITA Jr - By AL O LABITA Jr HONGKONG businessmen, shocked by China s brutal repression of students and workers last Sunday and uneasy over the grim prospects of the communist giant's takeover of the British Crown Colony by 1997, are eyeing Manila as their investments fallback657 words
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208 1989-06-10 3 Reuter THE NEW BREEZE of glas- I nost and perestroika blowing through Moscow could soon bear the aroma of genuine Coney Island hotdogs. The ail-American delicacy, topped with mustard or sauerkraut, will be on sale in Red Square by November under anReuter - 208 words
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Article1052 1989-06-10 3 ARRIVALS DEPARTURES 1 1 Operator Service Local From Operator Service Local For number time i number time AAAS SIA AAAS MH075 0020 KUL SQ011 0040 LAX/NRT MH601 0130 KUL KAL SIA JAL SIA SIA KAL FTL KE623 0010 KUL SQ098 0010 NRT JL714 0030 OSA SQ086 00351,052 words
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591 1989-06-10 3 CALL TO PREVENT DAMAGE TO ECONOMIES DUE TO US SLOWDOWN AFP JAPAN has to absorb more exports from Asia's newly-industri- < alising countries to prevent an economic slowdown in the United States damaging their still fragile economies, an official report saidAFP - 591 words
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290 1989-06-10 3 Bernama THE UN's International Development Strategy (IDS) for the 1990s should be designed to promote growth and development tor the developing countries, the Group of 77 said. Datuk Razali Ismail, chairman of the Group of 77, comprising a group of developing countries, saidBernama - 290 words
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507 1989-06-10 3 AFP TRADE IS EMERGING as the latest casualty of the crisis in Beijing with Japanese officials predicting a sharp decline in China's exports to Japan, the country's biggest trading partner after Hong Kong. The Japanese government announced measures yesterday that willAFP - 507 words
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199 1989-06-10 3 Reuter US BUSINESS investment in factories and equipment is expected to rise a revised 6.5 per cent in 1989, slightly higher than previously estimated, the Commerce Department said on Thursday. Based on surveys of businesses conducted in April and May, the department projectedReuter - 199 words
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295 1989-06-10 3 AP AMERICAN high-technology manufacturers cannot hold out against aggressive foreign competitors unless business and government form consortia to promote high-definition TV and other new ventures, according to a congressman. "As a result of foreign strategies successfully targeting the key technologies and industriesAP - 295 words
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232 1989-06-10 3 FT THE US wants rules for export subsidies to construction and engineering companies to be included in any international agreement on the liberalisation of trade in services. Richard Self. US chief negotiator on services, said on Thursday that USFT - 232 words
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348 1989-06-10 3 1990 a turning point for Malaysian tourism Bernama VISIT MALAYSIA YEAR (VMY) 1990 is a turning point for the Malaysian tourism industry and it is not aimed at attracting tourists for only that year. Culture and Tourism Minister Datuk Sabbaruddin Chik said yesterday. VMY is a long term project toBernama - 348 words
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Page 3 Advertisements
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Advertisement39 1989-06-10 3 The buiinew penon i choice every Tundty, Thursday. Saturday and Sunday. Leaving Chanci Airport at 12: OS houn and arriving H«athro« early the following morning. CjH your Tmri Agent or Air Canada at 7)2t55i A RREATH OF FRESH AIR39 words
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Page 3 Miscellaneous
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Miscellaneous230 1989-06-10 3 \OMa Max/ Not* Mln (°C) 14/07 Showori 13/07 Cloudy 29/19 Claor 15/06 Cloudy 38/29 Claor 34/26 Folr 30/25 Cloudy 30/22 Sunny 23/13 Claor 16/07 Claor 29/26 Claor 20/15 o*Cost 18/14 Cloudy 14/02 Claor 18/09 Cloudy 19/14 Cloudy 42/21 Claor 20/08 Cloudy 08/01 Rom 27/20 Cloudy 29/16 Cloudy 16/09 Roln 32/21230 words
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Miscellaneous38 1989-06-10 3 S UZA ANPC.Z. ANP JERKY THOUGHT HE UJAS TAL&iTEP, BUT FORGET IT. INAFEUJ YEARS. HE'LL BE SOME NOBOPy PCHN6A OORJH6 TALK RAP/0 SHOW AT THREE IN THEMORH/N6. 9 BY GARRY TRUDEAU lujuwrr"" Kim* W3B**X* m r* W, V.38 words
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MONEY AND EXCHANGES
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Article1753 1989-06-10 4 SINGAPORE: The US dollar rallied in late moderate trading on shortcovering to close firmer against major currencies yesterday, dealers said. "Heavy selling of yen for marks helped the dollar rise against yen and other currencies." said a US bank trader. Players sold yen for marks because of concern1,753 words
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Article270 1989-06-10 4 ASIAN dollar deposit rates closed little changed from the opening yesterday, which were slightly down, dealers said. Trading was quiet with operators sidelined ahead of last night's release of US May PPI figuresat 1230 GMT. Short-dates and term rates eased 1/16 point at the outset on softer270 words
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Article, Illustration203 1989-06-10 4 Indicates the average of the prime lending rates of 12 ma|or banks in S'pore Interbank market rates (offer/bid) on June 9 us$ DM SWFC Yen j 7 doyi 9 7/16 5/16 13 3/8 13 1/4 6 5/8 6 1/2 7 3/16 1/16 5 1/8 5 1 mlh203 words
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Article102 1989-06-10 4 Treasury bills Day's Period Issue Yesterday s closing code Maturity 610 OFFER HIGH LOW 3 month? BQ*****Z 7.09.89 4.03 3.98 3.98 4.26 3.98 3.98 6 months 1 y*ar BY*****H BY*****F 23.11.89 4.03 24.05.90 4.31 Government notes and bonds Day's Period Issue Maturity Coupon Yesterday's closing code rate102 words
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Article58 1989-06-10 4 THE OVERNIGHT RATE rose by 1/8 point to 5 3/8 per cent on the Singapore money market yesterday. Short-term rates fell by 1/16 point across the board S$ Interbank rates at the close yesterday: Offf* wo o**f- night 5 3/« J l -monrti 5 3/8 2-mon* 5 3/«58 words
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Article484 1989-06-10 4 BA Futures SEPTEMBER Eurodollar futures yesterday opened 3 ticks higher than Thursday's Simex close at 9137 on a n'gner bond price. Trading was lacklustre ahead of last nights release of the US May producer price index. The September contract ranged from 9136 to 9138 before settling at 9137. upBA Futures - 484 words
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Article213 1989-06-10 4 MOST IMM currency futures finished a quiet session yesterday with small losses as traders evened positions in front of yesterday's US wholesale price index. Rumors, which the US Embassy in Beijing later denied that Americans were hurt or killed in the China unrest briefly broke the lull and drew213 words
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Article317 1989-06-10 4 FT MR KARL OTTO POHL. the president of the West German Bundesbank, has reaffirmed that the German authorities have no exchange rate targets for the deutschemark against the dollar, despite the US currency's recent surge. "The defence of a given parity for the deutschemarkFT - 317 words
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Article1339 1989-06-10 4 CURRENCY FUTURES OPTIONS Friday, J una 9, 1989 DEUTSCHEMARK (SIMEX) Jua 88 can* Mtgh Lorn Um H Jun 88 W vm Sa 51 52 53 54 55 56 CAS CAS CAS Sap 88 can* M«ti Lmm Sa« Sap SI N* I 6 16 36 36 P"* mm t* 11,339 words
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BANKING AND FINANCE
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607 1989-06-10 5 AL O LABITA JR - By AL O LABITA JR SINGAPORE, Asean's only newly 1 industrialising country, and Brunei Darussalam are among 17 I countries and 14 international financial agencies that will join the pledging session (or the US$lO-billion US-orchestrated Philippine Aid Plan (PAP) in Tokyo on607 words
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222 1989-06-10 5 Reuter THE FEDERAL Reserve could lean toward yet another easing in the federal funds rate if the US producer price data show a benign inflation picture for May, some economists said. "The new band on funds hasn't been determined yet. What theReuter - 222 words
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Article1376 1989-06-10 5 AT CONVENTIONAL WHARVES Vessel Voy No Berth Arrival Departure KEPPEL WHARVES Adk Wanosaty 1 K19 alongside 11.06/0600 Con Furano 09A03 <16 alongside 10.06/ 0600 Equator Grac 2/89E <20 alongside 1006/ 0700 Equator 5 14/89E K20 alongside 09 06/2359 Haifeng 1/89 <29 alongside 11.06/0600 Hansa Riga IE <301,376 words
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524 1989-06-10 5 BIS annual meeting in Basle Reuter CENTRAL BANKERS from around the world gather in Basle this weekend for talks on how to tackle the runaway dollar, fight inflation and give new impetus to easing the Third World s US$l.3 trillion debt burden.Reuter - 524 words
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Article, Illustration369 1989-06-10 5 FT THE WORLD BANK and the International Monetary Fund have given details of the amount they are prepared to contribute to help Mexico reduce its debt liabilities, paving the way for a new round of negotiations between the country's officials andFT - 369 words
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572 1989-06-10 5 FT SURGING domestic interest rates have cancelled out the benefits to Mexico of increased oil revenues, upsetting the government s fiscal calculations and making all the more urgent a deal with creditor banks on debt refinancing. Mexico's foreign exchange earnings from oil exportsFT - 572 words
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Article394 1989-06-10 5 AP BANK OF FRANCE governor Jacques de Larosiere said recently the top seven industrialised nations continue to cooperate to keep exchange rates stable despite recent volatility in world markets. "There has been some volatility over the past month,'' he told a bankers' forum. "But what isAP - 394 words
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Page 5 Advertisements
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Advertisement151 1989-06-10 5 WHAT'S A JAPANESE CHEF DOING IN TRADER VIC'S? TRAbER VK'S has always been one for ttie unusual, so for our sth birthday we've invited a special guest to cook dinner. Chef Kenji Suzuki flies in from Tokyo to demonstrate his skills with a specially-prepared 6-course dinner. His menu includes Agar151 words
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COMMODITIES
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Article, Illustration418 1989-06-10 6 DEXTER LEE - By DEXTER LEE THE RUBBER Association of Singapore will take steps to strengthen the Republic's position as the primary rubber pricing centre in the world, newly-elected RAS chairman Patrick Hays said last night. This is one of two objectives outlined by the418 words
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244 1989-06-10 6 AFP THE INTERNATIONAL Wheat Council (IWC) recently revised to 533 million tonnes its forecast of the world wheat output in 1989-90 (July-June), down from 535 million tonnes forecast last month. It left unrevised at 504 million tonnes its forecast for 1988-89. It said drought isAFP - 244 words
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141 1989-06-10 6 Reuter EUROPEAN GRAIN exporters are concerned that the continuing political turmoil in China might lead to an overall EC embargo on exports to China, trade sources said here. "China is the world's second largest importer of agricultural goods after the Soviet Union. If theReuter - 141 words
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Article151 1989-06-10 6 UPI AIDED BY anticipated steady demand at home, Japan s output of petrochemical products will increase to an estimated 5.9 million tons in 1995, a report by the Ministry of International Trade and Industry has predicted. The production in 1988 totalled about five million tons. TheUPI - 151 words
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495 1989-06-10 6 UPI CRUDE OIL PRICES rebounded on the New York Mercantile Exchange on Thursday as two key members of the Opec oil cartel said they would limit production. Kuwait and the United Arab Emirates, both flagrant violators of Opec quotasUPI - 495 words
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244 1989-06-10 6 AFP PRIME MINISTER David Lange said yesterday he doubted whether the sale of New Zealand Steel lo China's National Metals and Minerals Import and Export Corp (Minmetals) would go ahead while the crisis in Beijing continued. Minmetals agreed in April toAFP - 244 words
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308 1989-06-10 6 Bernama THE Negri Sembilan State Development Corporation (NSSDC) has signed a joint-venture agreement with a South Korean investor to develop a high technology industry in the manufacturing of coal and briquettes with a capital of about Msl million. Under the agreement,Bernama - 308 words
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Article545 1989-06-10 6 Bernama Reuter MALAYSIAN CRI'DE PALM OIL FUTURES closed higher on the Kuala Lumpur Commodity Exchange (KLCE) on some short covering activity towards the weekend. Dealers said operators anticipating an upper correction in prices after the recent (all boosted market sentiment despite the lower Chicago Board of Trade (CBT).Bernama; Reuter - 545 words
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Article194 1989-06-10 6 Chinese Produce Exchange Sellers' noon doting price* on June 9 (S$/100 kg) Coconut oil Bulk FOB 107.00 Old drum FOB 117.00 New drum FOB 121.00 Copra Mixed (loose) 62.50 sellers Pepper Muntok white FOB NIW 567.50 Sarawak white FOB fog NIW 557JO Sarawak spedal block FOB NIW 427.50194 words
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Article117 1989-06-10 6 London Metal Exchange Afternoon session dosing tone and prices on Jun 8 (£/foon«). Previous closing prices and total sales in parenthesis Copper Grade A Cosh 1603/1572 (1570/1572) 3-monrtw 1590/1600 (1581.5/1582) S«nl*m«nt 1587 (1568) Too*: Soi«si (7407) Copper Standard Cosh 3-months Settlement Too* Soles: Lead Co* 430/435 (443/447) 3-monftrt117 words
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Article173 1989-06-10 6 Gold futures on Jun 8, 1989 100 troy ounces USJ pm troy ounc« HL«h Law -tfKm 375.50 375.80 374.50 373-50 375.50 -2.60 -2.60 Jul Aug 380 70 ***** 377.30 378.10 -2.70 Oct 384 50 384.50 382.00 382.10 -2.70 -2.80 ■2.90 -2.90 Ooc Feb 90 inr 388.00 395173 words
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Article145 1989-06-10 6 Telerate FUEL OIL remained stable to weaker following the crude market's sentiment. Japanese buyers reportedly look to buy CST-180 tor June but avails are tight. Current CIF Japan indication stood at $105 mt. Any disruption of crudes shipments from China was expected to have an indirectTelerate - 145 words
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Article425 1989-06-10 6 HONGKONG: Gold closed lower in quiet and thin trading yesterday. Dealers said traders were waiting for last night's release of the US May Producer Price Index at 1230 GMT as well as monitoring developments in China. Bullion ended U*****.60/373.10 an ounce against an initial US$373 30/00 and New425 words
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Article159 1989-06-10 6 Reuter THE Kuala Lumpur Tin Market (KLTM) price rose to 27.52 ringgit a kg at the close yesterday, up 15 cents from Thursday, reflecting the dollar's recovery against the ringgit. The rise was also in line with the LME's higher closing. Turnover fell to 107 tonnes from 136Reuter - 159 words
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Article354 1989-06-10 6 SINGAPORE: Rubber prices closed firmer yesterday but below the morning's highs in quiet trading. July 1 RSS was quoted at 174.50 cents a kg. up one cent from Thursday's close. Dealers said light selling in the afternoon trimmed prices slightly from morning levels. Sentiment remained uncertain. On the TSR-20354 words
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Article259 1989-06-10 6 RAS prices In S cent»/kg, FOB in balM NOON CLOSE Buyers Sellers Buyers Sellers Irrt 1 RSS Prompt 177.50 178.50N 176.50 177.50N Int 1 RSS July 89 175.75 176.75N 174.50 175.50N Int 1 RSS Aug 177.00 178.00N 176.25 177.25N Int 2 RSS OP 175.00 177.00N 174.00 176.00N259 words
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Article76 1989-06-10 6 (camt/kg) JULY 1989 AUGUST 1989 (currant month) (forward month) NOON NOON RAS &uy«rt Sdltn SSR 30 146.50 148.50N 146.50 148 JON SSS 50 144.50 146.50N 144 JO 146.50N MRELB Buyer* S«<l*rt S«**r» SMI) cv 237.50 239.50N 239.50 241.50N SMS I SMR S 240.00 242.00N 242.00 244.00N 211.5076 words
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Article292 1989-06-10 6 Soybean Wheat OLD-CROP July Chicago Board of Trade soybeans held firm gains to close higher on Thursday, with support throughout the session linked to tight spot supplies and strong cash prices, floor sources said. New crop contracts closed lower, settling near session lows, with late selling tied to forecasts for292 words
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COMPANIES & STOCK MARKETS
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581 1989-06-10 7 MAGDALENE NG - By MAGDALENE NG THE SECURITIES INDUSTRY Council s (SIC) secretary, Teng Cheong Kwee. has quietly left the organisation and is "cooling oft" now before taking up a new appointment, said to be with a bank. BT understands that Mr Teng, whose last581 words
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Article, Illustration275 1989-06-10 7 WITH THE wrapping up of Singapore's biggest financial scam, a team of white-collar crime busters have collected commendations from Finance Minister Dr Richard Hu as well as $130 million in asset recovery. It was largely the work of the Commercial Affairs Department,275 words
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529 1989-06-10 7 HOTEL PROPERTIES Ltd said the i properties acquired by the group last year have appreciated in I value with the rising property I market. However they are not expected to contribute to the cur- I rent year's profits. Chairman Peter Fu, in529 words
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Article, Illustration629 1989-06-10 7 WILLIAM CHIA - 15-STOREY BLOCK ON TROPICANA SITE By WILLIAM CHIA LET PACIFIC, the Hongkonglisted company that acquired the Tropicana building at Scotts Road for $70 million recently, is planning to put up a 15-storey flagship building on the site. LET Pacific managing director Andrew Denman was in629 words
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420 1989-06-10 7 TOLL OPERATOR Kamunting Corp has managed to wrap up all the financial obligations and guarantees pertaining to its acquisition of the entire assets of Koperatif Serbaguna Malaysia (KSM) for M 5592 million. If all goes well, it should emerge as the420 words
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Article, Illustration479 1989-06-10 7 MULTI-PURPOSE Holdings Bhd (MPHB) has blamed the contro- versial takeover bid by Hume Industries Bhd for delaying its return to profitability by at least one year. Executive chairman Chan Hua Eng said MPHB was ready to turn in profits at479 words
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255 1989-06-10 7 BONVESTS Holdings' investment in Coop International, which holds the agencies of several brands of luxury goods, paid off handsomely for the group. Chairman Henry Ngo said in the group's latest annual report that Coop "contributed significantly to its results in the current financial255 words
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Article237 1989-06-10 7 MUCH-TALKED-ABOUT takeover target Hind Hotels International has revalued one of its properties, increasing the group s net tangible assets per share by 32 per cent to $1.07. The hotel company had an independent valuation done on its freehold land which threw up a surplus of $17.2237 words
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290 1989-06-10 7 TRANS-ISLAND BUS Services Ltd is planning to introduce new trunk services and an express service from Woodlands to Shenton Way. In the groups latest annual report, chairman John Michael Parker said that as a result of the continuing growth of290 words
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SES
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Article, Illustration1135 1989-06-10 8 JOSEPHINE CHAN - by JOSEPHINE CHAN INVESTORS HEAVED a sigh of relief yesterday as the Straits Times Industrials Index recovered 34.10 points to 1,241.21, after slumping almost 100 points during the week. The Business Times Composite Index also moved up 31.41 points to 1,138.11 after falling1,135 words
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Article268 1989-06-10 8 Manageri' price* for June 10 1 2 Singapore Unit Trust Th« Commerce 107 1 13* The Savings fund 096 102 S'pon P f og Fund 043 0 47 S pO'6 Sec Fund 073 0 '8 S'por# Invest Food 079 084 S'p©'® Equity Fund 052 056 Asia Unit Trust268 words
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Article52 1989-06-10 8 IGB CORPORATION BERHAD: 25th AGM at Suite 2302, 23rd Floor IGB Plaza. N0.6 Jalan Kampar, Off Jalan Tun Razak, ***** Kuala Lumpur today at noon. ORIENTAL HOLDINGS BHD: 27th AGM at the Boardroom of Kah Motor Co Sdn Bhd, 4 Leith Street (Ist Floor). ***** Penang today at52 words
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Article6296 1989-06-10 8 1989 High Low Tel Code Company Last Sale JUN 09 ♦orVol (•000) Day Last Quote High Low Buyer Seller Gr's Div C Div 'vr Gr's Yld V. Net P/E M Cap $mll 168 93 183 70% 94 100 101 82% 1 90 91% 104 144 100 87%6,296 words
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KLSE
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Article, Illustration3634 1989-06-10 9 MBT REVERSING three heavy losing sessions, share prices on the Kuala Lumpur stock market recovered some ground yesterday in line with the generally improved major overseas bourses. At the close, the 30counter New Straits Times Industrial Ordinary Share Index recouped 26.25 points to 2,165.92. This followedMBT - 3,634 words
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REGIONAL MARKETS
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514 1989-06-10 10 Europe seen as initial target AFP AUSTRALIAN food giant Goodman Fielder Wattie Ltd (GFW), which last month fought off a hostile takeover bid, said on Thursday it was looking to expand worldwide after launching its drive to buy Industrial Equity Ltd (lEL). Chairman Pat GoodmanAFP - 514 words
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Article, Illustration387 1989-06-10 10 FT AN AVALANCHE of last-minute selling on Wednesday gave Kerry Packer, Australia's richest man, effective control of Australian National Industries (ANI), the beleaguered engineering group. Mr Packer s Consolidated Press Securities had stood in the market for the past month and acquired ANI sharesFT - 387 words
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638 1989-06-10 10 Reuter "IT CANT go on like this." That's the refrain heard these days from economists, who forecast Japanese corporate profits will rise again in the current year, but more slowly than in 1988/89. Most made a similar prediction last June, only to find that 1988/89Reuter - 638 words
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251 1989-06-10 10 UPI TDK CORP, the world's top audio-video tape manufacturer, said on Thursday it will build a production facility in Luxembourg and the Netherlands for the manufacture of audio and video tapes to meet growing demand in Europe. The Tokyo-based company said the 20UPI - 251 words
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307 1989-06-10 10 UPI MAJOR Japanese carmaker Mazda Motor Corp said yesterday that it plans to market South Korean-made passenger cars in Japan later this month. The first shipment of 150 cars built by Mazda's South Korean affiliate Kia Motors Corp was scheduled toUPI - 307 words
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Article, Illustration599 1989-06-10 10 Tokyo Reuter THE TOKYO market could not keep up its early gains and share prices languished in very light trade to close mixed yesterday. Scattered small-lot buying and selling of specific incentive-backed shares punctuated a dreary day as institutional investors held to the sidelines, brokers said. "The marketReuter - 599 words
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Article, Illustration520 1989-06-10 10 Australia Reuter VOLATILE TRADE in News Corp dominated the Australian share market yesterday, brokers said. News Corp closed down 70 cents at A 515.50 after earlier reaching a high of A 516.90. Brokers said it appeared that offshore buying for News Corp had "dried up" andReuter - 520 words
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Article, Illustration1311 1989-06-10 10 Hongkong Reuter HONGKONG stocks rose in reduced turnover yesterday on news that hardline Chinese Premier Li Peng had appeared on state television on Thursday Premier Li's appearance followed weeks of rumours on who was at China s helm. "The market thinks hardline control isReuter - 1,311 words
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Article455 1989-06-10 10 Reuter SHARE PRICES in Taiwan reversed early losses and closed sharply higher yesterday after bargain-hunt-ing investors, including big players, entered the market, brokers said The weighted index rose 171.38 points or 1.96 per cent to end at 8,891.93 compared with Wednesday's 8,720.55. Turnover fell to NT579.12 billionReuter - 455 words
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Article169 1989-06-10 10 Reuter THE Stock Exchange of Thailand Index yesterday rose 1.70 points to 570.27 points on a turnover of 12,769.954 shares valued at 1,286.79 million baht JUNE 0* BAH7 Ao Kham Thai 402 -4 Ayudhya Investment 40 75 0.5 Bangkok Agro-lnd 66 unch Bangkok Bank 287 unch BankReuter - 169 words
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Article134 1989-06-10 10 Reuter MANILA'S stock market yesterday weakened towards the close of trading on late reaction to scheduled anti-government rallies during a three-day holiday until Independence Day on Monday, brokers said. The Manila Stock Exchange Composite Index slipped one per cent to finish at 1,046.30 points from Thursday's 1.057.60.Reuter - 134 words
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Article171 1989-06-10 10 Reuter SHARE PRICES moved narrowly and ended mixed in a dreary market which opened half an hour late after monsoon rains disrupted peak morning traffic. Brokers said attendance was thin and trading light. The state-owned financial institutions were active but limited their purchases mainly to sec-ond-rank stocks.Reuter - 171 words
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Article187 1989-06-10 10 Reuter THE NEW ZEALAND bourse closed higher yesterday, showing a net gain for a week packed with major corporate news. The Barclays Index rose 14.35 to 1,899.17. Brokers said interest centred on leading shares including Brierley (BIL), and Goodman Fielder Wattie which said this week it wouldReuter - 187 words
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Article191 1989-06-10 10 Reuter SEOUL STOCKS edged upwards in renewed trading as the government announced higher investment limits for insurance firms and easing of its tight monetary policy, brokers said. "If they had announced the increase on insurance limits without a move on monetary stabilisation bonds, it would not haveReuter - 191 words
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WORLD MARKETS
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Article, Illustration873 1989-06-10 11 New York NYT WALL STREET stocks rose narrowly on Thursday, as takeover-related issues again stole the spotlight. The Dow Jones Industrial Average rose 4.59 points to 2,516.91, as advances outnumbered declines by 842 to 652. The Dow had climbed 31.62 points in the two previous sessionsNYT - 873 words
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Article, Illustration964 1989-06-10 11 London Reuter LONDON share prices opened firm yesterday in quiet business after Wall Street closed higher on Thursday. One trader said: "On Thursday, we had some good company results and the market moved up. Today (Friday), people are just trying to test the water to seeReuter - 964 words
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Article1758 1989-06-10 11 Reuter FRANKFURT: West German shares ended their third week of sharp gains mixed and on a cautious note, with many participants unwilling to take on new positions ahead of yesterday s release of US May producer prices and the weekend But dealers said shares could well continueReuter - 1,758 words
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610 1989-06-10 11 Time directors hold marathon strategy discussions NYT THE DIRECTORS of Time Inc met on Thursday for a marathon strategy session amid speculation on Wall Street that the media giant may approve plans to make a takeover bid for Warner Communications IncNYT - 610 words
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499 1989-06-10 11 NYT NOT SINCE the multibillion-dollar takeover of RJR Nabisco, which showered almost US$l billion in fees upon bankers and lawyers, has Wall Street seen a potential payday like that offered by the battle for Time Inc. TheNYT - 499 words
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237 1989-06-10 11 FT HANSON, the UK industrial conglomerate, has sold its 5.2 per cent stake in Midland Bank, ending an 18-month long interest in the UK clearer. The purchaser was believed to be the Kuwait Investment Office, which already holds a 5.1 per cent stake inFT - 237 words
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328 1989-06-10 11 NYT A BATTLE for the parent company of more than 1,600 Denny's and Hardee's restaurants ended on Wednesday when TW Services Inc agreed to be acquired by Coniston Partners LP for US$34 a share, or US$l.7 billion. TW Services, basedNYT - 328 words
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118 1989-06-10 11 Reuter DANISH BREWER Carlsberg A/S said results for the year to end-September should match or exceed those of 1987/88, if sales develop satisfactorily and exchange rate fluctuations do not adversely affect the figures. Net profit for the 1987/88 year rose to 540 million crowns fromReuter - 118 words
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Page 7 Advertisements
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Advertisement209 1989-06-10 7 CURRENCY INVESTMENT AMI Rl< AN I XI'RISS H \\K TEL: 321 3333 Atr IMM CAFE (LEVEL 4) "Dailtf I«tvutatto4tai Indulge in our lavish array of specially selected dishes served for lunch and dinner. With over 40 delectable cold, hot items and desserts, this impressive spread is yours at only $18.50209 words
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Page 7 Miscellaneous
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Miscellaneous27 1989-06-10 7 4,0 c/£v /V/e&zrZP /> -TDoWZnf ts/r?s h//tf&s/c>/0 £rz/f£s f 0/6 7ZtWo*4r& fiS/rfS sr* wn/trw*. r f IF?' /*?7 by Martell wW/s/6 r w<* ae/w*& rF&cytJ i>s//?sy00& t^tr/ws^r... ,^i27 words
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Page 11 Advertisements
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Advertisement133 1989-06-10 11 ^`_&[-<`*?^-)?~'(?+);;$%?;`+@'$ IDEAL INVESTMENT HOLDINGS PTE LTD (In Members' VoluntaryLiquidation) FINAL MEETING Notice is hereby given pursuant to Section 306 of the Companies Act. Cap. 50 that a Final Meeting of Members of the abovenamed Company will be held at the Office of M/s John Aw Co.. Blk 165 Bukit Merah133 words
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Advertisement138 1989-06-10 11 ADP ENTERPRISE PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN in pursuance to Section 308(1) of the Companies Act. Cap. 50, that a Final General Meeting of the abovenamed Company will be held at 545 Orchard Rd #13-06. Far East Shopping Centre. Singapore 0923 on 10 July 1989138 words
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Advertisement149 1989-06-10 11 UNIPRISE (PTE) LTD (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act, Cap 50. that a final meeting of the above named company and of its creditors will be held at Unit 03-00 Finlayson House, 4 Raffles Quay,149 words
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236 1989-06-10 12 Price Total (Sm) psm/psf psm/psf plot ratio Parcel A (Paterson Rd/Orchard Rd jn). Sit© 7,839 sq m, plot ratio 1:4, use office/shop/holel, lease 99 yrs 1) Hotel Marco Polo 2) Hong Leong Hldgs 3) Hong Leong Hldgs* 4) Allgreen Props 5) Hong Leong236 words
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292 1989-06-10 12 A NUMBER of records were set in yesterday's sale of land sites by the Urban Redevelopment Authority (URA). Hotel Marco Polo's $47,075 per square metre bid, which was far ahead of the second highest bid. Hong Leong Holdings' $38,655 per square metre,292 words
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265 1989-06-10 12 Reuter IRANIAN Parliamentary Speaker Ali Akbar Hashemi Rafsanjani told sobbing mourners yesterday that President Ali Khamenei was the right man to succeed Ayatollah Ruhollah Khomeini. In a sermon for Friday Muslim prayers at Teheran University, the powerful parliamentary speaker moved to defend AyatollahReuter - 265 words
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Article413 1989-06-10 12 JOHN TAN - STPB LOOKING INTO RESPONSIBILITY FOR CANCELLATION FEES Jf The China question By JOHN TAN CHINA S CRISIS has led to Singaporeans cancelling their holiday plans worth more than $10 million. Industry sources estimated that about 120 group tours bound for China, averaging about 25 persons in413 words
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460 1989-06-10 12 ECONOMIC FALLOUT Agencies THE US AND BRITAIN have banned arms sales to China, royal and governmental visits are off and aid and investment have been cut back by many nations. But reports from across the world on Thursday showed that China's trading partners areAgencies - 460 words
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312 1989-06-10 12 GENEVIEVE CUA - By GENEVIEVE CUA THERE ARE STILL about 300 Singaporeans waiting to leave the cities of Beijing and Shanghai where an uneasy calm has settled after the carnage which began last Saturday. They will, however, fly home today aboard a scheduled Singapore Airlines312 words
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305 1989-06-10 12 HONG LEE TIAM - WITHDRAWALS SLOWING DOWN By HONG LEE TIAM BANK OF CHINA (Singapore branch) yesterday announced a special bonus for its employees as bank officials successfully stemmed the heavy withdrawal of funds by its customers. Min You-Chi, the deputy general manager,305 words
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429 1989-06-10 12 WORLD REACTION Agencies PRESIDENT GEORGE BUSH said on Thursday night that the US could not return to normal relations with China unless the Communist government stopped using violence against prodemocracy protesters. "Armed people don't shoot down unarmed students." Mr Bush said, referring toAgencies - 429 words
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209 1989-06-10 12 AP THE BRITISH Government is ready to admit up to 250,000 people from its Hongkong colony, the Daily Mail reported yesterday. The newspaper, in an unattributed report, said Prime Minister Margaret Thatcher was prepared to relax immigration rules after conferringAP - 209 words
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210 1989-06-10 12 AP A SOUTH KOREAN business leader has predicted that economic cooperation and trade between Asian nations and the Soviet Union will rise sharply before the end of this century. Kim Woo-choong, founder and chairman of the Daewoo Group, one of the largestAP - 210 words
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267 1989-06-10 12 UPI SOUTH KOREAN President Roh Tae-Woo, in an interview published yesterday, indicated that he would serve out his five-year term without seeking a mid-term vote of confidence on his government which he had once proposed. In the interview with the Hartkook llbo.UPI - 267 words
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LATE FILE
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Article59 1989-06-10 12 Reuter SOVIET leader Mikhail Gorbachev yesterday assured the Soviet parliament he was not threatened by a coup and demanded an end to rumours that he was in danger of losing power. "I must assure you that the Central Committee shares the position of the PolitburoReuter - 59 words
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Article80 1989-06-10 12 Reuter US INFLATION at the wholesale level jumped last month as producer prices climbed a sharp 0.9 per cent, the US government said yesterday. The May increase in the Producer Price Index for finished goods, which measures prices paid by wholesalers, followed a moderate 0.4Reuter - 80 words
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Article36 1989-06-10 12 AP REPRESENTATIVES of the Japanese and US semiconductor industries have agreed to establish a joint task force to seek better access for foreign companies to the Japanese semiconductor market, officials said. APAP - 36 words
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38 1989-06-10 12 AP SOUTH Korea's 1989 trade surplus will plunge to US$l.5 billion, its lowest level in four years and down 83 per cent from last year, the Korea Foreign Trade Association projected yesterday. APAP - 38 words
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Article55 1989-06-10 12 Reuter UNO's government received a 35.5 per cent support rating in a media poll published yesterday, the second lowest figure among new Japanese governments in the post-war era. In the poll by the major daily Tokyo Shimbun, 49 per cent of the 2,007 respondents said theyReuter - 55 words
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Article52 1989-06-10 12 Reuter AN opinion poll published yesterday put Britain's opposition Labour Party seven percentage points ahead of the ruling Conservatives less than a week before European elections. It was the highest level of popular support for Labour, out of power for the past 10 years,Reuter - 52 words
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Article79 1989-06-10 12 COMEX SILVER futures snapped back to unchanged on bargain hunting demand yesterday after falling early on selling spurred by the dollar's sharp rise on the large 0.9 per cent jump in US producer prices in May. July silver hovered at Thursday's close of U555,478 an ounce on the79 words
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Page 12 Advertisements
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Advertisement59 1989-06-10 12 HO $F ft NEWFUN KELONG RESTAURANT AT SENTOSA SINGAPORE'S DISCOVERY ISLAND WALK FROM THE NEW FERRY TERMINAL Iff! I :»i. .r —u .mr SPECIAL OFFER ONLY VsB $teambos BUFFET Business Hours: 12 Noon 2-30 pm 6 pm 10 pm LOTS OF FRESH PRAWNS AND VARIETY TO CHOOSE AS YOU LIKE,59 words
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Page 12 Miscellaneous
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Executive Lifestyle
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Article, Illustration1266 1989-06-10 13 JAIME LYE; CHARLES SAVAGE - What would happen if Joseph Conrad had set some of his stories in the Bukit limah Nature Reserve, instead of the Congo? Would Marlowe have found his heart of darkness, or would he h<ive been happy re-pottint) the many varieties of fern he would find growing justPictures by K F SEETOH - 1,266 words
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Article343 1989-06-10 13 REMEMBER those old jokes about the Japanese tendency to pronounce V as T? An example: "What's the best selling car in Japan? Lolls Loyce." Well, UCC Cafe in Sogo, a place well-frequented by the Japanese, has something new to offer on its menu: "Blunch". Is it343 words
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Executive Lifestyle: Letters to the Editor
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Article541 1989-06-10 14 NOBODY can quarrel with Wess Roberts for extracting from the mists of history the Leadership Secrets of Attila the Hun, especially not when the effort results in a management treatise As it is. there is something rather paradoxical about many management treatises. They have grown, like541 words
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286 1989-06-10 14 ONG YEW HUAT - ONG YEW HUAT Director Ernst Whinney Consultants Pte Ltd Dear Sir I refer to the letter from Entrepreneur' (BT May 27) on the role of business consultants. Entrepreneurs are the backbone of any economy and I did not. nor was it my intention,286 words
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Article352 1989-06-10 14 LIM SWEE GUAN - LIM SWEE GUAN Dear Sir I refer to your recent articles concerning Singapore Bus Service. Recently, I attended the company's AGM, and although I had some initial reservations about the company's policies, after listening to the board, I am now convinced that it comprises astute352 words
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217 1989-06-10 14 R MORTIS - R MORTIS Dear Sir Road traffic flow has at last been mentioned in recent deliberations. The volume of traffic can be reduced by diminishing it, by eliminating some of its constituent elements through extra taxation in one form or another, or by filling217 words
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234 1989-06-10 14 VICTOR TAN - VICTOR TAN General Manager Robinson A Co (S'pore) Pie Lid Dear Sir Your BT of June 2 has two articles on the effect of new Japanese ventures on Singapore retailing. In one of the articles, it is said that "Tangs, the only major purely234 words
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Article, Illustration685 1989-06-10 14 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY THE SINGAPORE HEAT for the fourth Epson Worldwide Duplicate Pairs Bridge Contest takes place today at 2pm at the NUSS Guild House, Kent Ridge. The ever popular Omar Sharif has once again analysed the 36 deals in the Souvenir Book of Hands685 words
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Executive Lifestyle: Entertainment
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Article, Illustration533 1989-06-10 15 SAMMAD REJAB - BOOKS Reviewed by SAMMAD REJAB Nowhere to Run: The Story ot Soul Music By Gerrl Hlrshey Pan Books, 384 pages IT'S a testimony to the enduring magic of soul music that a whole new generation is falling in love with My Girl thanks to, of all things, a533 words
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Article, Illustration472 1989-06-10 15 NG PENG HUI - CINEMA By NG PENG HUI NO LONGER Crying In The Dark, Sam Neil collects all his wits to remain Dead Calm in the face of a new crisis. Again, he loses his child this time to a horrifying accident, but instead of a media siege, he472 words
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Article608 1989-06-10 15 JUANITA SHAKILA - Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Makanplace. Back by popular demand, this local play by Act 3 will be staged again at the Drama Centre from July 24 to July 27 (10.30 am 2.30pm) and July 28 to July 29 (10.30 am, 2.30pm 8 00pm). Tickets at $5 are608 words
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Article, Illustration891 1989-06-10 15 Roger Loh - ftfmy Roger Loh WITH SO MANY ARTISTS from the past decades making a comeback, it seems odd that they are all in tune with the modern beat. Take yesterday's pop golden girl, Carole I King. She soared into the pop »1 stratosphere with one ground-891 words
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Executive Lifestyle: Entertainment & Pursuits
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short TAKES
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Article204 1989-06-10 17 THE NEXT TIME the New Zealand Kiwifruit Marketing Board invites you to lunch, be prepared for one thing: to be stuffed with kiwifruit until it comes out of your ears At a recent promotion of kiwifruit at a local hotel, the menu proved that there was204 words
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Article110 1989-06-10 17 BATAM will no longer only be associated with a herd of Zoo "animals". At the newly-opened Turi Beach Resort in Batam, avid beach-goers will be thrilled by the tropical seaside paradise set amidst coconut trees swaying in the breeze Turi boasts 156 Balinese-style cottages constructed from natural materials110 words
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947 1989-06-10 17 RICHARD SEAH - HEALTH By RICHARD SEAH ONCE REPUTED to keep doctors away, the apple has lately joined the list of foods to avoid. The danger lies in Alar, a chemical spray used to prevent ripening apples from falling off the trees prematurely, to prolong947 words
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Article, Illustration350 1989-06-10 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG LOUIS OUTHIER might not have thought of the colour pink when he served us a sample of his special recipes at Le Restaurant de France. He must have planned the surprise bit, though. Surprise lunch. No menu to pick from. No details of350 words
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243 1989-06-10 17 CHARLES SAVAGE - t>y CHARLES SAVAGE FIVE YEARS OLD and going JapaneseWestern. That's the tack being taken by the usually Polynesian Trader Vic's for its birthday. Until June 17, the $65++, sevencourse dinner set is being prepared by Kenji Suzuki of Trader Vic's in Hotel New Otani.243 words
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Executive Lifestyle: Pursuits
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Article, Illustration677 1989-06-10 16 N K Yong - c By N K Yong IT IS NOT DIFFICULT to buy Chateau Petrus or Romanee Conti, even in Singapore. All you need is money. Good bottles of wine at reasonable prices, however, are more difficult to find, but a little snooping around can produce happy677 words
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Article, Illustration895 1989-06-10 18 DICK LEE - Time for an experiment with that shirt and jacket. Time for an experiment with 'unconventional' designs, writes DICK LEE. Do you dare? Would you dare? DICK LEE MENSWEAR has always had this habit of taking its time to evolve in design, limiting itself to perhapsPhotography by Gary Sng of Light Opera Studio - 895 words
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Article, Illustration636 1989-06-10 18 Dick Lee - ■by Dick Lee ITS JUNE unofficially regarded as the height of the summer season, the time of the year when the new stock arrives and new stores open. Cream of this month's crop include BASILE, at the Promenade, KL and LEONARD at the Paragon, the KENZO corner in636 words
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Article, Illustration1512 1989-06-10 19 SHOEB KAGDA - In Cairo, the rich are so rich they do all but spit gold; the poor are so poor you could spit at the sheer irony of it all. But that wasn't what struck SHOEB KAGDA about the city when he was there recently. He learned a new1,512 words
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Article, Illustration218 1989-06-10 19 Dick Lee - FASHION -by Dick Lee THE FRENCH again make a play for attention, this time at Tangs and Tangs Studio. Their FRENCH IMPRESSIONS begin on June 15 for a month, featuring labels like Chacok and Amronlo for women, and Closed, Le Garage, Georges Rech and Thierry Mugler for218 words
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Article, Illustration477 1989-06-10 19 CHARLES SAVAGE - ART By CHARLES SAVAGE NO PARTICULAR THEME links the 100 prints on display at Art Base gallery's International Artists' Lithographs and Etchings, although the arresting and colourful nature of the works proves reason enough for the exhibition. Of this collection by artists from Europe and North America,477 words
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Executive Lifestyle: Personal Investment
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Article, Illustration723 1989-06-10 20 HERMAN PHUA - Taking on the giants but not for long CURRENCIES HERMAN PHUA on the advice David Fuller has for the dollar bulls HERMAN PHUA IN THE STORY of David and Goliath, imagine how David would have felt if instead of just one Goliath, he was up against a gang of themSource: Telerate Data Services - 723 words
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760 1989-06-10 20 LAI HOCK MENG - FINANCIAL PLANNING By LAI HOCK MENG t- Lai Hock Meng is Is manager, research and !i- economic analysis, of n- Investment Protection Planid ning Pte Ltd MANAGING your personal investment portfolio is like running a long-distance race. Before you start the run, you should760 words
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733 1989-06-10 20 METALS FT JOHNSON MATTHEY. the J* world s largest platinum refining and marketing or- n ganisation, is at the crossroads again. The group s was brought to its knees by the financial collapse of its d banking subsidiary in 1985, C madeFT - 733 words
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Article, Illustration373 1989-06-10 21 Goola Warden, chartist, OUB Securities - STII's next step consolidation SUM By Goola Warden, chartist, OUB Securities BOTH the Singapore/Malaysia and Hongkong markets seem shaken by the tumultuous events in China. Locally, the six-month market climb appears to have been halted for the time being. During this period, the STII moved from a low of 991Source: OUB Securities - 373 words
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Article326 1989-06-10 21 Company A iviai inl Prices (as at 9. Conversion terms Premium/ (discount) using Fxoirv 6.89) Optional" Amount (m units) 18 Ln stk nom value Cash Gearing 3 Date mths left C KTang Chuan Hup City Dev Hotel Prop H Tai-Pan Inno-Pac 92 Inno-Pac 94 Keppel Corp326 words
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Article, Illustration971 1989-06-10 21 AMY BALAN; MAGDALENE NG, ANDREA BORCH - THE CHINA CRISIS The events in China this week have shaken Hongkong and Singapore, two countries with substantial interests in the country. How badly hurt are locally-listed companies with Chinese holdings? Which sectors of Singapore's economy stand to benefit from funds redirected here? Pi's main articles971 words
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1713 1989-06-10 21 SIFTING through the 142 Singapore companies listed on the Stock Exchange of Singapore, we identified some 40 companies that are affected in some way or other by the recent events in China and HK. These companies' links to China and HK are by1,713 words
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Executive Lifestyle: Sports
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Article266 1989-06-10 22 BASKETBALL AP DESTINY appeared to be pulling the Detroit Pistons' way on Thursday night when Magic Johnson limped off the court in the third quarter, opening the way for their 106-105 victory and a 2-0 lead in the NBA Finals. The Los Angeles Lakers, already playing withoutAP - 266 words
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Article, Illustration519 1989-06-10 22 FRENCH OPEN AFP ARGUMENTATIVE Michael Chang, who got the umpire to over-rule three disputed linecalls. lost crowd support but pocketed nine of the first 10 games in his men's singles semi-final against Soviet No 1 Andrei Chesnokov at the French Open yesterday. Chang won 6-1AFP - 519 words
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Article, Illustration506 1989-06-10 22 CHARLES SAVAGE - DRAGON BOAT By CHARLES SAVAGE THE Dragon Boat Race tomorrow saw a fiery prelude at a press conference yesterday. The Canadian women's team was denied permission to represent Canada in the international championship because of their sex. The False Creek Racing506 words
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439 1989-06-10 22 A SURENDREN - GOLF By A SURENDREN SINGAPORE'S M Murugiah is within a putter's length of Filipino Frankie Minoza in the Sabah Masters Golf Championship at the Sabah Golf and Country Club. Murugiah lies just two strokes behind Minoza on the second day, carding a 71 to439 words
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508 1989-06-10 22 AP TOM SIECKMANN had to settle for a birdie on his final hole but finished with a 64 to take a onestroke lead on Thursday in the first round of the Westchester Classic. Sieckmann, 128 th on the PGA's money-winning list this year, missedAP - 508 words
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Article, Illustration658 1989-06-10 22 BOXING UPI THOMAS HEARNS, eyeing Sugar Ray Leonard's newly bulging biceps, has suggested that steroids have been part of Leonard's training regimen for their Monday night re-match. Hearns made his charges at the final news conference on Thursday, in Las Vegas, before he challengesUPI - 658 words
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Article, Illustration417 1989-06-10 22 DEXTER LEE - CHESS By DEXTER LEE EX-WORLD CHAMPION Anatoli Karpov has stormed into the lead after only five rounds in the latest leg of the Chess World Cup being held in Rotterdam. Grandmaster Karpov, the world number two after World Champion Garri Kasparov,417 words
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Article180 1989-06-10 22 CYCLING AP JESPER SKIBBY of Denmark won a four-man sprint on Thursday to capture the 19th stage of the Italian cycling Tour in Tortona. Frenchman Laurent Fignon, who finished in the pack three seconds behind the winner, retained the pink jersey of overall leader. With threeAP - 180 words
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Article, Illustration534 1989-06-10 22 JEROME FANDOR - Oh TMCK With JEROME FANDOR IT IS TIGHT at the top of the Samsung International Showjumping competition now going on at the Bukit Timah Saddle Club. With four rounds over two weekends already jumped, Singaporean international Peter Abisheganaden, riding Maori, leads with 3534 words
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311 1989-06-10 22 AFP SUNDAY SILENCE is only 1.5 miles away from becoming the first horse to win the "Triple Crown since 1978. but the three-year-old colt will have to survive one more challenge from Easy Goer in the Belmont Stakes today. Sunday Silence easilyAFP - 311 words
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Executive Jobs
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Article, Illustration857 1989-06-10 23 ZHOU MEI - THE BIG MOVE By ZHOU MEI A CONSULTANCY specialising in China at this point of time? When Dr Lim Wu Sham made his decision to strike out as h.s own boss, foreign investors were beating a path to China. What, now. that China is857 words
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Article, Illustration1225 1989-06-10 23 SHOEB KAGDA - Hongkong is many things to many people, but to the fund managers of Singapore, the throb is not to be found in the world of Suzie Wong, but in Exchange Square. Why is there no dearth of Singapore fund managers beating a path to the1,225 words
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286 1989-06-10 23 A HONGKONG-BASED recruitment and "advertising" company has just opened an office in Singapore. The Davidson Partnership Ltd (TOP), formerly known as Cameron Davidson, was set up some five years ago by two partners in Hongkong, initially recruiting staff for the advertising industry. Today,286 words
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Article, Illustration553 1989-06-10 23 TAN KEE WEE - PROFILE By TAN KEE WEE HARD-NOSED and steely. Urbane and on top of the world. Such an image of the movers and shakers of the financial world is being quietly turned on its head by people like Miss Tan Sing Hwee. the newly-appointed fund manager553 words
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AD WATCH
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Article, Illustration205 1989-06-10 23 TYE KIM KHIAT - By TYE KIM KHIAT CRYPTIC MESSAGES belong to the cloak-and-dagger world of James Bond and Mata Hari. Or to the pharaonic world of hieroglyphics on papyrus. But, job ads? Ex-cipher clerks and retired Egyptologists may have a go at unravelling the message in the ads, but mere mortals?205 words
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Article78 1989-06-10 23 TWO ADS are better than one. That it has an Orwellian ring to it remember the Ten Commandments in Animal Farm? is incidental to Philip Motha Consulfancy s double advertisement for property profess,onals in both the ST and BT last Saturday. But what is78 words
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Article, Illustration42 1989-06-10 23 NOW sunny California beckons our "registered nurses" with inviting beach chair, giant beach umbrella, swaying palms, soaring seagulls. and advertising copy framed by an orb representing the blazing sun. A resort hospital for nurses as well as patients?42 words
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Article64 1989-06-10 23 THINK OF a commodity trader and you think of red beans rubber or sugar Now. add PCBAs, mechanica assemblies and parts to the list. Micropolis advertised for a commodity manager whose job will be to co-or-dinate and support the company's worldwide needs for PCBAs, mechanical parts and mechanical64 words
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Page 13 Advertisements
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Advertisement12 1989-06-10 13 BACK PAGE: Your Weekend TV slots in colour, indudhia the week's movies...12 words
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Advertisement177 1989-06-10 13 NEED A HOUSING LOAN? J WV m TII II l< /> /'/v R LOOK ,*> > p V fi- s *> V T i fA \7* P T U J iff* mUL > r,,\ '*^1 ■>?■ H' -I v z*d* m X v. 3*7* *>■»*%•* m V s. &B3C >■177 words
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Page 14 Advertisements
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Advertisement421 1989-06-10 14 advertisement Historic Rescue Iff m i The drive to preserve Singapore's architectural heritage is in full swing. The URA is spending millions of dollars to restore the shophouscs of Chinatown to their pre-war splendour while big guns in the private sector arc tossing in ideas for rejuvenating life along the421 words
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Advertisement44 1989-06-10 14 BT welcomes letters from readers. Your letter must include your signature, full name, address, and home and office telephone numbers, if 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
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Page 14 Miscellaneous
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Miscellaneous795 1989-06-10 14 CRYPTIC PUZZLE ACROSS 8 Remains again with the man and two of the guests (7) 9 The so-and-so whose father got fired? (3, 2, 1. 3) 13 Are earlier: first in fact (5) 14 What went through one's head taking a date out? (5) 15 No genuine fellowAmerican would enter795 words
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Page 15 Advertisements
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Advertisement17 1989-06-10 15 Soothing Accordion Music •11 OM •4. A. DOMINI I I BODIN mm Available on uuea Cassette CD17 words
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Advertisement26 1989-06-10 15 ■■MM V > c* SP Ste: *£TC 'W M* 4 'v-* --i- .i- '~;r'. V r-Vj SINGAPORE "W- t* M h M m mm. •t- d > r/26 words
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Page 16 Advertisements
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Advertisement853 1989-06-10 16 POT IRVQISIER VS.O.P-WHERE TP lENTECTAIIN L rMtaurant TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN 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 FOR853 words
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Advertisement263 1989-06-10 16 33th floor We have over 30 reasons for you to do so. Our selection includes Diced Chicken in Dried Chilli, Pan-fried Scallop with Chilli Sauce and Shark s fin Soup with Chicken Sauce. Sichuan Buffet from June I 30 only 12 noon 2.30 pm Adult: $25 'Child: $13 Complimentary Cognac263 words
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Page 17 Advertisements
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Advertisement182 1989-06-10 17 SJbubertu* (?)nU Every Sunday There'sA Family Feast In The Park. At the llubertiu* drill, Sunday brunch t.< a ifreat outuiq for thefamily. A glorious buffet jpmuK' Liu) out for both grown up,* and children. And to make ,*ure the hub a/r truly entertained, there.' an exciting Mattel playroom. Sunday Brunch:182 words
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Advertisement9 1989-06-10 17 I i COGNAC COURYOISIER f ryttrrr r/( dv WV9 words
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Advertisement9 1989-06-10 17 Turn to PAGE TWO for your weekly bridge column.9 words
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Page 17 Miscellaneous
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Miscellaneous1494 1989-06-10 17 SATURDAY BBC 88.9 mHz in VHF Band II 6AM Newshour. 7.00 World News 7.09 Commentary 7.15 From the Weeklies 7.30 Multitrack 3 8.00 Newsdesk 8.30 Personal View 8.45 Recording of the Week 9.00 News Summary followed by Outlook. 9.25 Financial News 9.30 Poetry of the Century. 9.45 Book Choice. 9.451,494 words
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Page 20 Advertisements
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Advertisement797 1989-06-10 20 THE CHASE MANHATTAN BANK, N.A AND SUBSIDIARIES HEAD OFFICE: 1 Chase Manhattan Plaza, New York. New York ***** c ,vrr r>P rntsiniTlON I CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED STATEMENT OF CONDITION The Chase Manhattan Bank, N.A. and Subsidiaries December 31 The Chase Manhattan Bank N.A and Subsidiaries Year Ended December797 words
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Page 21 Advertisements
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Advertisement28 1989-06-10 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
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Page 23 Advertisements
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Advertisement308 1989-06-10 23 I;, GOLDEN GATE UNIVERSITY San Francisco, California Appointments as Adjunct Professors to the University Programmes in South-East Asia Golden Gate University, one of the leading universities in the Western United States for practical business education, is seeking to appoint a limited number of part time adjunct faculty to its programmes308 words
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Page 23 Miscellaneous
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Miscellaneous30 1989-06-10 23 a MR. FoDG.e —I'vcHPvD ft rrtfM?V€UXOUS \D6A FO« 1 ST(?£P\' r ILINING OOP FILIIJG; SVSTef STOP DftVDReAMING vind GeT on u>ith voul?/ ILOORK IIIJ =n PyNOTHeR L£P£> e>iTes -rne dust30 words
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Page 24 Advertisements
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Advertisement24 1989-06-10 24 Master Watchmakers since 1737 Geneva <Mi PS33 *1*? "*V 3 i*- Q C 0 s? ■r —sj iyf -P| g M V" i nwnyw24 words
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Page 24 Miscellaneous
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Miscellaneous664 1989-06-10 24 The week's movies Yankee Doodle Dandy, Today, 10.30pm. SBC 5 James Cagney won an Oscar for his rare role as a song-and-dance man. The film, which is a computer-coloured version of the original black and white one, tells of George M Cohan's early vaudeville days and how he was awarded664 words
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Miscellaneous1578 1989-06-10 24 SATURDAY swr—- Tamil; SBC 12 4.35 PM Opening and Programme Highlights followed by Centrestage Henry IV (r. Pt 1. Ep 2) At the inevitable battle of Shrewsbury, Prince Hal proves himself a worthy warrior and earns the esteem of his father for the first time. 6.00 Bookvlsions Ivanhoe (r). After1,578 words
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Miscellaneous226 1989-06-10 24 Our choice Paradise Lost, Today. 6 50pm, SBC 12 Albeit a repeat, this episode of The Romantic Spirit is still worth a watch, if only for the gardens. During the Renaissance, they were designed by man and nature was tamed. But erecting boundaries around nature, to the Romantics, meant limiting226 words
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