The Business Times, 24 June 1989

Microfilm: NL16652
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, June 24-25 1989 75 CENTS
    12 words
  • Article, Illustration
    UOL expected to make $189 million cash call
    476 1  -  POSSIBILITY OF ONE-FOR-TWO RIGHTS ISSUE AT $1.50 PER SHARE By ELAINE KOH UNITED OVERSEAS LAND, whose shares were suspended from trading yesterday, is likely to make a massive cash call of about $189 million with a one-for-two rights issue priced at $1.50
    476 words
  • Article
    Keppel Finance Ltd proposes one-for-two rights issue
    454 1  -  By ANDREA BORCH KEPPEL FINANCE Ltd has proposed a renounceable rights issue of 16 million shares at $1 each to finance its expanding business. KFL directors have recommended that for every two shares held, shareholders receive one new 50-cent par value share for
    454 words
  • Article
    Lock icon Electronic devices allowed on flights
    131 1 AP AIRLINE PASSENGERS can still carry laptop computers or radio cassette players, but the devices are to be closely inspected for plastic explosives on US flights originating in the Middle East and Europe. The Federal Aviation Administration, in announcing a new inspection order to all
    AP  -  131 words
  • Article
    Simex to gain more trade from Japanese ruling
    471 1  -  By QUAK HIANG WHAI A DECISION by Japan s finance ministry to allow Japanese individuals to participate in Japanese and overseas financial futures markets will boost trading on the Singapore International Monetary Exchange (Simex), traders said. The new ruling, announced in Tokyo
    471 words
  • Article
    Lock icon Hongkong seeks talks with EC over tape duties
    176 1 AFP HONGKONG has formally requested talks with the European Community over a contested decision to impose anti-dumping duties on exports of video-tape cassettes to the EC. a Hongkong spokesman said in Brussels yesterday The request marks the first time that the British
    AFP  -  176 words
  • Article
    US dollar ends firmer in Asia
    114 1 THE US DOLLAR yesterday ended firmer against major currencies in Asia's foreign exchanges after dipping below the 140-yen level on a rumour that US President George Bush had been shot. The rumour was subsequently denied. Dealers said the American dollar recovered on active morning
    114 words
  • Article
    DOW JONES
    51 1 THE NEW YORK stock market ran up a broad gain yesterday morning on fresh evidence of a slowing American economy. The Dow Jones average of 30 industrials climbed 16.69 to 2.498.86 at 1430 GMT in the first hour of trading. Gainers outnumbered losers by more than 5 to
    51 words
  • Article
    Lock icon FOOTSIE
    44 1 AP LONDON share prices were sharply lower around midday yesterday amid further worries about UK interest rates and a profit downgrading by a major British electronics firm. The Financial Times-Stock Exchange 100 index was down 18.7 points, at 2.161.3 at 1132 GMT. AP
    AP  -  44 words
  • Article, Illustration
    Tokyo rebounds while Spore, HK close easier
    239 1 SHARE PRICES in Singapoie and Hongkong closed lower while Tokyo made a 206-point rebound yesterday. The Straits Times Industrials Index declined by 4.14 points in quiet trading, while the Business Times Composite Index ended 2.34 points lower at 1,189.52. Turnover was 81.44 million
    239 words
  • Article
    FINANCIAL NEWS SUMMARY
    153 1 Slock Indices Friday ST Industrials Index 1290.29 (-4.14 BT Composite Index 1189.52 (-2.34 NST Industrial Index 2255.11 (+1.37) HK Hang Seng Index 2219.00 (-12.82 Tokyo Nikkei Average *****.71 205.74) Sydney AM-Ordlnarles 1509.7 (-3.2) Thwnday New York (Dow Jones) 2482.17 (+17.26) London (FT 30 Index) 1809.3 8.4) Exchange
    153 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      236 1 Niko Ths World's Flnsst Phologrsphte System. J* t. "ikrf r H f I > I .ft fe > i j A A. i s; u B -V it fr"* t The Chinatown Syndrome Page One BT m Satarfey Super-power mothers Page Two Health Add more fibre to your diet Page
      236 words
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      Page 1 Advertisements Column 2
      138 1 TlwWMd'tFlnt* Full report, PAGE S Regional Mkts, PAGE 10 World Mkts, PAGE 11 .A tinicpiccc of cxccpnon uith u toiusk Of l!l£lU1lC lliul d cVTkJIYI UohlllV\ U hIIh irnikcs it iiuiccdssiblc to same hut inJispcnscMi: to others. if V"--1 /"2» .'.is r>i V,v m ■f* N n ->.u > *5
      138 words
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  • HOME NEWS
    • Article, Illustration
      Impressive turnout at Shandong show
      278 2  -  TRADE TIES SEEM UNAFFECTED BY CHINESE POLITICAL CRISIS By JOCELYN TOH JUDGING from the turnout at the opening ceremony of the first major trade exhibition by a Chinese province since the crisis in China, it would seem that bilateral trade ties between Singapore and China
      278 words
    • Article
      NUS Students Union to hold referendum on its role
      319 2  -  By ANNA TEO DISAPPOINTED over its failure to persuade the authorities to meet their demands over the impending tuition fee increase, the National University of Singapore Students Union (NUSSU) has decided to hold a referendum on its future role and objectives.
      319 words
    • Article
      Court rejects overstayers' appeal
      185 2 THE APPLICATION by nine Indian nationals, sentenced for overstaying in Singapore, to have their caning order reviewed by the three-judge Court of Criminal Appeal was rejected by the High Court yesterday. Judicial Commissioner Tan Teow Yeow also turned down their request to extend the one-week reprieve
      185 words
    • Article
      Mauritius aims to be a financial centre
      314 2  -  By SUZANNE SOH MAURITIUS, well-known as a tourist paradise, aims to become a financial centre for the West Indian Ocean and the African region, said Mahmood H Toorawa. the country's Honorary Consul and Trade Commissioner to Singapore. Mr Toorawa, who is leaving the
      314 words
    • Article
      Labour Ministry to conduct factory safety exercise
      213 2 TO CUT DOWN industrial accidents, the Ministry of Labour will embark on a safety enforcement exercise covering factories in parts of Jurong next month. It would be kicked off with postal district 2262 in Jurong because that area accounted for one-third of the
      213 words
    • Article
      New Telecom facility to be set up
      95 2 SINGAPORE TELECOM will set up a new International Voice Frequency Telegraph (IVFT) at its City South Telephone Exchange. Work at the new IVFT located at Choon Guan Street will be carried out tomorrow and next Sunday from 9am to 9 pm. This may
      95 words
    • Article
      HDB to fax results to tenderers
      73 2 PROVISIONAL results of all Housing Board tenders will now be faxed to tenderers This new service is in addition to the current practice of announcing the results on the tender notice board at the HDB Centre in Jalan Bukit Merah. Tenderers should therefore indicate
      73 words
    • Article, Illustration
      Budget constraints to limit Navy's modernisation for now
      392 2  -  By MARTIN SOONG THE NAVY, due to budget constraints. will have to cap its near-term fleet modernisation programme with the new missile corvettes. Second Defence Minister (Policy) Or Yeo Ning Hong said yesterday. Speaking to reporters after a familiarisation cruise to the
      392 words
    • Article
      Soft sell for National Courtesy Campaign
      274 2 THE NATIONAL Courtesy Campaign enters its second decade this year with a new soft-sell strategy. Instead of earnest exhortations, there will only be "gentle reminders" now and then about keeping good human relations. Even the traditional campaign launch on July 1 will take a
      274 words
    • Article
      First sail-past by corvettes on SAF Day
      142 2 MISSILE CORVETTES, the Republic of Singapore Navy's newest and largest class of combat ships, will lead a flotilla of 15 vessels in a sail-past as the highlight of this year's Singapore Armed Forces Day parade. The new 62-metre ships will lead the procession
      142 words
    • Article
      SHIPS IN PORT
      1567 2 AT CONVENTIONAL WHARVES V«SMl Voy No Barlh Arrival Dapartura Kappal Wharvaa April Gl Arrow Queen Bossem frolodurbon Gold future Jenson Koto Mesro Koto MuIkj Moleson Niogo 28 Rofoh Brooke Sontono Shdwno Piong Sir Hope Thomo »e*eret Trons Fjell Cru Muhiboh Equotor 3 Kim Soon li Koto Abodi
      1,567 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      62 2 0r &H) M Mft NEWFUN KELONG RESTAURANT AT SENTOSA SINGAPORE'S DISCOVERY ISLAND MONORAIL STATION 2. IT IS JUST A FEW Ml S ,snt. I ifc. JA 10^ SPECIAL OFFER ONLY V*B STmiWQ# 'buffet' Business Hours: 12 Noon-2-30 pm 6 pm 10 pm lots of fresh prawns and VARIETY TO CHOOSE
      62 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      179 2 mm Max/ Note Min (°C) 13/05 Rain 19/10 Dowdy 30/18 Clear 11/07 Clear 35/26 Clear 33/25 Sunny 30/25 Clear 32/22 Cloudy 30/22 Sunny 20/13 Cloudy 28/13 Clear 30/24 Clear 22/18 O'cost 21/10 Fine 23/12 Cloudy 25/12 Clear 15/12 Roin 38/22 Clear 18/08 Cloudy 12/-1 Cloudy 27/18 Cloudy 28/14 Cloudy 25/16
      179 words
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  • OVERSEAS
    • Article
      Lock icon 'KL infrastructure is Asean's best'
      187 3 Bernama MALAYSIA has the best infrastructure among Asean countries and this is one of the reasons why Japanese electronics industries are rapidly relocating their manufacturing bases to Malaysia, the president of the JapanMalaysia Economic Association (Jameca), Mr Masami Ishii, said. Speaking at a press conference
      Bernama  -  187 words
    • Article
      Lock icon 12 S China Sea boundaries in dispute
      98 3 AP OF THE 15 possible maritime boundaries in the South China Sea, excluding the Gulf of Thailand. 12 are in dispute, a Kuala Lumpur seminar on national security was told. The boundaries involve Malaysia and Thailand, Vietnam, China, the Philippines and Indonesia. Malaysia
      AP  -  98 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1041 3 ARRIVALS Operator Service Local From number rime MAS AAH75A 0035 KUL SIA SQ011 0040 LAX/NRT MAS AAH601 0130 KUL CAL CI 333 0405 TPE SIA SQ40I 0555 CMB SIA SQ409 0610 AAAA MAU AAK746 0725 MRU SIA SQ023 0755 AMS/BOM SVA SV398 0835 JED/RUH KAL KE624 0840
      1,041 words
    • Article
      Lock icon Call for increased North-South trade
      333 3 Reuter INDUSTRIALISED countries must increase trade with the Third World if they want their loans to be repaid, the Pakistani delegate to a meeting of the Group of 77 developing nations said. Pakistan's ambassador to the United Nations. Nasim Ahmed, also told the meeting that
      Reuter  -  333 words
    • Article
      Lock icon US phased withdrawal from S Korea urged
      232 3 AP US DEMOCRATIC lawmakers have urged Defence Secretary Dick Cheney to reject any agreement with South Korea that would require the United States to maintain troops in that nation at current levels. "Some of us on the committee think that no such assurance
      AP  -  232 words
    • Article
      Lock icon Vietnam's perestroika moving at glacial pace
      241 3 IHT DOI MOI, meaning "renovation", is the Vietnamese version of perestroika, and it is proceeding at a glacial pace. Vietnam has set definite limits on free expression and political change while moving to liberalise its economy. Taboos range from public criticism of leaders and
      IHT  -  241 words
    • Article
      Lock icon India's move on jalopies meets public scorn
      463 3 AFP INDIA will soon enact a tl tough law which empowers ti the government to banish v thousands of ageing vehi- c cles from its cluttered r roads. The Motor Vehicles Act. > taking effect next month, is part of a government bid
      AFP  -  463 words
    • Article
      Lock icon Gatt membership for China now appears unlikely
      451 3 DISCUSSIONS ON APPLICATION EXPECTED TO BE PUT ON HOLD FOR YEARS UPI CHINA can now give up hope for several years of membership in the General Agreement on Tariffs and Trade (Gatt), delegates and officials at the global free trade regulatory agency said.
      UPI  -  451 words
    • Article
      Lock icon US again blocks Gatt report on dispute with EC
      238 3 AFP THE UNITED STATES blocked the adoption on Thursday of a report by an arbitration panel of the General Agreement on Tariffs and Trade (Gatt) on a US-EC trade conflict. It was the fifth time the United States has blocked the
      AFP  -  238 words
    • Article
      Lock icon Committee urges US commitment to 'mag-lev' trains
      351 3 AP THE US can regain the lead in developing magnetically levitated trains with a 482 kph potential. but if it doesn't act fast, Japan or West Germany will dominate the field, according to a report released on Thursday. "Mag-lev" will be an important
      AP  -  351 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      36 3 LONDON CjU rvur Tnvei Agent or Air Ctnxh 7)2iSii. A BREATH OF FRESHAIR Tkc btttinm pcnon't choice rmj Tuesday, Thurtdav. Saturday and Sunday. Leaving Changi Airport at 22M boon and ymiag Heathrow early the following morning.
      36 words
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      Page 3 Advertisements Column 2
      80 3 CLASSICAL rUDNrrUDE TO BE TREASURED FOR GENERATIONS TO COME A MOVE UP TD SOPHISTICATION gp* ■T 1 1: Y OU A»jwwaw»V^ I I I 111 SBsSB&£vz£ Tniiwr 1- X V *•> A** \"i 9c a* jC l« "i* V »vt in crr-j srr-a L I l ■H 155 P* NANDWANI
      80 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      57 3 Doonesbury K£N. USTBN, I'M F&eUNGALOT BETTER. ANPI'P UKBTO6ETBACK TO DOING SOME v UUORK WHAT I STILL LOOK LI KB POYOU I HUL, SO I THOUGHT I HAVE IN COULP HAHPLe YOUR TRIAL MINP, SUMMATIONS. UJB'RB TALKIN' ANPY* SeRKHJS JUKI SYMFKTHY s I mm l a IS BY GARRY TRUDEAU /CSV?
      57 words
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  • MONEY AND EXCHANGES
    • Article
      Government Securities Market
      110 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****H 21.09.89 4.10 4.05 6 months BS*****H 23.11.89 4.10 4.05 J year BY*****F 24.05.90 4.30 4.25 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BIO OFFER HIGH
      110 words
    • Article
      Lock icon Forex markets
      1580 4 Reuter SINGAPORE: THE dollar closed higher on stop-loss and institutional buying and short-cover-ing yesterday, after falling sharply overnight, while sterling eased on continued labour unrest in Britain. The dollar rose to 140 40/50 yen and 1 9580/90 mark against 139.05/15 and 1 9495/05 at Thursday's New York close
      Reuter  -  1,580 words
    • Article, Illustration
      World interest rates
      197 4 Indicates the average of the prime lending rates of 12 major banka In S'pore r Interbank market rates (offer/bid) on June 23 us$ DM SWFC Yen 7 days 9 5/8 9 1/2 13 3/16 3/16 6 9/16 7/16 7 6 3/4 5 5/16 3/16 1 mlh 9
      197 words
    • Article
      Money markets
      57 4 THE OVERNIGHT and one-month rates tell by 1/16 on the Singapore money market yesterday Two- and three-month rates remained unchanged. S$ Interbank rates at the close yesterday. OfFH no Ovfnighl 5 5/16 5 3/16 I month 5 5/16 5 3/16 J month 5 3/8 5 1/4 3-nonih 5
      57 words
    • Article
      Lock icon Simex
      535 4 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened one tick higher than previous Simex close at 9094 following a firmer US treasury bonds after the dollar recouped its earlier US losses Trading was listless as dealers were cautious ahead of yesterday's release of US May durable goods figure. The September
      BA Futures  -  535 words
    • Article
      Lock icon IMM
      311 4 Reuter IMM CURRENCY futures on Thursday surged and closed near session highs set in the final minutes of trading as unfounded rumours that President Bush had been shot swept through the market After the close the White House denied the talk. On the rise, September Japanese yen pierced resistance
      Reuter  -  311 words
    • Article
      Comex gold/silver futures
      215 4 Gold futures on June 22, 1989 100 troy ounces. US$ per troy ounce Opon High Low SoMo J gO 372.30 374.00 ***** 371 00 -1.40 M A^g 372.10 ■1 40 375 00 376 20 372 80 374.20 -1.50 Oct 379.20 380 00 378 30 374 20 -1.50
      215 words
    • Article
      Lock icon Sterling may fall to three German marks soon
      466 4 Reuter THE POUND may soon be back down to three German marks unless the British government takes a firmer stand on inflation, some economists believe. Lingering doubts over policy direction and a clutch of unsettling economic indicators continue to erode confidence in
      Reuter  -  466 words
    • Article
      Lock icon Asian dollar market
      296 4 Reuter ASIAN dollar deposit rates ended at their opening levels yesterday, with most operators sidelined in the afternoon ahead of yesterday's US May durable goods orders at 1230 GMT and May personal income and consumption at 1400 GMT. Short-dates firmed 1/16 point at the outset following a
      Reuter  -  296 words
    • Article
      Options
      1152 4 CURRENCY FUTURES OPTIONS Friday, 23, 1989 DEUTSCHEMARK (SIMEX) S«p M calls Sop pu«* High Low So« High Low 52 53 54 JAPANESE YEN (SIMEX) Sop M coll* Sop M put* High Low Soft High Low 75 Son 146 210 284 Sad 359 CURRENCY FUTURES OPTIONS IMM Thuridoy, Jun* 22,
      1,152 words
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  • BANKING AND FINANCE
    • Article
      Lock icon CBOT members pass new after-hours trading system
      357 5 Reuter CHICAGO BOARD of Trade (CBOT) members voted overwhelmingly to move ahead with electronic after-hours futures trading and to allow around-the-clock use of automated order routing, the Exchange said. Of the roughly 2,100 voting members, 555-2/6 votes were cast in favour and 200-5/6
      Reuter  -  357 words
    • Article
      Lock icon Ex-Federal Reserve director pleads guilty to leaking information
      276 5 Reuter ROBERT ROUGH, a former director of the Federal Reserve Bank of New York, has pleaded guilty to leaking secret information on interest-rate policy to securities traders and faces up to five years in jail. Mr Rough, who served on the nine-member
      Reuter  -  276 words
    • Article
      Lock icon Israel devalues shekel
      149 5 AFP ISRAEL devalued its currency, the shekel, by around 1.2 per cent against the dollar on Thursday night, following a decision by Finance Minister Shimon Peres and in agreement with the Bank of Israel, officials in Jerusalem said. The exact amount of the devaluation had still to
      AFP  -  149 words
    • Article
      Lock icon US accuses Greek bank of running tax evasion scheme
      243 5 NYT THE US GOVERNMENT on Wednesday accused a large Greek bank with oflices in the United States and 14 of its employees of running an extensive money-laundering scheme to enable customers to send money to Greece to evade American taxes. Thirteen
      NYT  -  243 words
    • Article
      Lock icon No new move towards dollar accord: Poehl
      148 5 Reuter BUNDESBANK President Karl Otto Poehl said he saw no new steps towards an agreement on dollar policy by the three largest Western economies. Asked if reports of a new joint agreement by the US, Japan and West Germany were true. Mr Poehl
      Reuter  -  148 words
    • Article, Illustration
      Asia Commercial Bank to join shared ATM network
      396 5  -  Access also to EFTPOS system By HONG LEE TIAM ASIA COMMERCIAL Bank (ACB) will join the nationwide shared automated teller machine (ATM) network and the cashless shopping and payment service operated by the major local banks by the end of next month.
      396 words
    • Article, Illustration
      UOB to market new Visa traveller's cheque
      312 5  -  By QUAK HIANG WHAI UNITED Overseas Bank yesterday signed an agreement with Bank America to market the new UOB-WorldMoney Visa traveller's cheques through the UOB group's branch network here. Mr Wee Ee Cheong. an executive vice-president ot UOB. said the group will be
      312 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      89 5 I\> you see an ugly witch? A young beauty? CV both? Only one magazine looks at both the good and the bad side of business in Singapore to give you the perspective \\w need for your decisions. To get ahead in business, you need information that can giw you a
      89 words
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  • COMMODITIES
    • Article, Illustration
      Lock icon Anti-palm oil campaign cuts KL exports to the US
      307 6 AP THE ANTI-PALM oil campaign in the US by the American Soybean Association (ASA), the National Heart Savers Association (Nahsa) and other organisations has reduced Malaysian palm oil exports to the US. Primary Industries Minister Lim Keng Yaik said yesterday Replying
      AP  -  307 words
    • Article
      Lock icon US sugar quotas violate world trade rules: Gatt
      274 6 NYT THE 96-NATION council of the General Agreement on Tariffs and Trade found on Thursday that American sugar import quotas violate world trade rules, and the US said it would seek to bring its programme into compliance. "We have an obligation under
      NYT  -  274 words
    • Article
      Lock icon Federal indictments for illegal trading
      135 6 Reuter FEDERAL INDICTMENTS may be handed up in August or September in connection with a federal investigation of alleged illegal trading practices at the Chicago Board of Trade and Chicago Mercantile Exchange. a defence attorney close to the investigation said on Thursday. "I think you
      Reuter  -  135 words
    • Article
      Lock icon UK wants commodity bodies to stay
      191 6 Reuter THE BRITISH government said it would support a proposal by the London Chamber of Commerce to encourage the International Wheat Council (IWC) and International Sugar Organisation (ISO) to stay in London. Last month, the chamber told the two pacts, which say they cannot
      Reuter  -  191 words
    • Article
      Lock icon KL devises a 'fair' tin royalty formula
      250 6 Bernama THE MALAYSIAN government has devised a formula to collect tin royalties which takes into consideration the interests of the Perak government to obtain revenue and the need to reduce costs and the burden of the industry. Malaysia's Primary Industries Minister Datuk Seri
      Bernama  -  250 words
    • Article
      Lock icon Soybean
      221 6 Reuter CHICAGO Board of Trade soybean futures ended 22-1/4 to 14 cents per bushel lower on Thursday, with new crop under the most pressure after rains aided crop development in western soybean producing regions. traders said Tight available soybean supplies due in part to slower than expected movement of
      Reuter  -  221 words
    • Article
      Lock icon Wheat
      230 6 Reuter CHICAGO Board of Trade soft red winter wheat futures eased slightly on Thursday to close 1/2 cent to 3-1/2 cents per bushel lower, under pressure from the outlook for increased harvest progress over the next few weeks But the slower than normal combining progress in the South because
      Reuter  -  230 words
    • Article
      Produce Prices
      195 6 Chinese Produce Closing prices on June 23 Exchange Coconut oil (M$/l 00kg) New drums 153.00 Sellers noon closing prices on June 23 (SS/100 kg) 2nd hand drums Bulk 147.00 138.00 Coconut oil Local in bulk 135.00 Bulk FOB 105.00 Copra (M$/ 100kg) Old drum FOB 115.00 No 1
      195 words
    • Article
      London Markets
      290 6 London Commodity Exchange Buyer/Seller closing prices on June 22 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Jw l 1110/1 H3 (1120/1128) High/Low 1125/1110 Sep 1090/1091 (1104/1106) High/Low 1098/1090 Soles I'881) Cocoa Jul 815/816 (806/807) High/Low 804/495 Sep 839/840 (827/828)
      290 words
    • Article
      Lock icon Palm Oil
      629 6 Bernama Reuter MALAYSIAN CRUDE PALM OIL FUTURES COOlmuCd jtS downward uend on the Kuala Lumpur Commodity Exchange on several Parish The market opened lower in l.new.th a 30 points fall on the Chicago Board Trade and this coupled w.th news that Ind.a had fMMMd was also building up
      Bernama; Reuter  -  629 words
    • Article
      Lock icon KL Tin
      196 6 Reuter THE price of tin on the Kuala Lumpur Tin Markat slipped 19 canta to 26.69 ringglt a kg yasterday on lack ot buying Interest in thin trading, brokers said. Final turnover ot 25 tonnes, againat 58 on Thursday, was taken up mainly by Japanese traders with local
      Reuter  -  196 words
    • Article
      Lock icon Precious Metals
      453 6 Reuter HONGKONG: GOLD closed easier in c moderate trading yesterday c on selling by Swiss and lo- < cal investors in the after- f noon session, dealers said < They said the metal was depressed by the firmer US dollar in the late trade but there was good
      Reuter  -  453 words
    • Article
      SSR and SMR
      83 6 (canti/kg) JULY 1989 AUGUST 1989 (currant month) (forward month) RAS NOON NOON Buyers Saltan Bvyan Saltan SSR 30 148.00 150.00N 148 00 150.00N SSR 50 146.00 148.00N 146.00 148.00N MRELB twyvri Sal Ian Buy an Saltan smr cv 340 00 343.00N 343.00 344.00N SMt I 343.00 *****N
      83 words
    • Article
      Lock icon Crude Oil and Products
      178 6 Telerate FUEL OIL prices were slightly higher in the Singapore market. Near term prices however are still under pressure given the lack of storage for early July and ample avails. 2nd half July CST-180 sellers now ask numbers around $88 mt fob/cif Sing. Mid July CST-180
      Telerate  -  178 words
    • Article
      Rubber
      389 6 SINGAPORE: RUBBER prices closed a marginally easier, yesterday but off day's lows e with July 1 RSS quoted at 2 179.25 cents a kg, down 0.75 cent from Thursday's a close. Dealers said prices re- covered some early losses in the afternoon c following steadier Japa- f nese advices.
      389 words
    • Article
      RAS and MRELB
      263 6 RAS prices In s cMHAg. FOB In bales NOON CLOSE buyers Sellers Buyers Sellers lot 1 RSS Prompt 179.50 180.50N 181.25 182.25N Int 1 RSS July 89 177.50 178.50N 179.25 180.25N Int 1 RSS Aug 181.25 182.25N 183.00 184.00N Int 2 RSS OP 177.00 179.00N 179.00 181.00N
      263 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Brunei minister raises his stake in QAF
      452 7  -  By LEE HAN SHIH BRUNEI'S Foreign Minister. Prince Mohamed Bolkiah, has increased his stake in QAF Limited. a listed food-based group which yesterday announced a much-improved set of full-year results. The purchase has thrown up a number of questions, among them the identity
      452 words
    • Article, Illustration
      SIA hopeful of hitting billion dollar mark
      438 7 HAVING FAILED to break the one billion dollar mark in group after-tax profits for the financial year just ended, Singapore Airlines is hopeful that it will be able to achieve the target for the current year. Said chairman J Y Pillay in SlA's
      438 words
    • Article
      DIVIDENDS ANNOUNCED
      1128 7 Current payment El date Books clot# Date payable Total lor the year Total lor last year Amcol Asiatic Dev Avimo Ayer Molek B Sembawang Batvi Kawan 10% 35% I0%TE(» 20% l» 35% lm) 5% "I Jun 16 Moy 22 Oct 16 Moy 25 Jul 21 Jul 21 Jun
      1,128 words
    • Article
      Lock icon Former Bandar Raya vice-chairman acquitted
      397 7 Bernama FORMER executive vicechairman of Bandar Raya cU Development Berhad, cc Datuk Choo Ching Hwa. si< was freed on Thursday by B< the sessions court in Kuala th Lumpur without his defence th being called on criminal breach of trust charges involving a total of
      Bernama  -  397 words
    • Article
      F & N's interim operating profit up 14.7pc to $75.6m
      515 7  - F N's interim operating profit up 14.7pc to $75.6m TURNOVER IS NEARLY ONE THIRD HIGHER By AMY BALAN FRASER and Neave Ltd. right on target for its big move to Tuas, appears headed for new records in turnover and profits. At half-time, the aggressive soft-drinks manufacturer has already chalked up
      515 words
    • Article
      Lion Nathan making NZ$225m divestment
      284 7  -  By ELAINE KOH THE LION NATHAN conglomerate in New Zealand is making a hefty divestment worth NZ$225 million exactly a year after it won a hard-fought battle against Malayan Breweries Ltd to merge the retailing and brewing groups. Lion Nathan has agreed to sell Oasis
      284 words
    • Article
      YHS declines to name third party
      339 7 YEO HIAP SENG Ltd is not prepared to disclose the name of the third party in its recent US$52 million North American investment undertaken jointly with Temasek Holdings (Pte) Ltd. This third party holds the right of first refusal to purchase the Chun King
      339 words
    • Article
      UIC and D&P call off deal to buy two KL properties
      393 7 UNITEO Industrial Corporation and Dragon Phoenix, an associate company of Wing Tai Holdings, have aborted a proposed deal to buy two prime pieces of property in Kuala Lumpur for I Mslol million (SS73 million), i This was announced by
      393 words
    • Article
      Lock icon Ganda posts lower pre-tax loss
      159 7 Bernama GANDA HOLDINGS Bhd has reported a group pre-tax loss of M 53.66 million for the half-year ended March 31, 1989, down 31 per cent from a loss of $5 30 million for the previous year Group turnover rose 7 per cent to $91.07 million
      Bernama  -  159 words
    • Article
      COMPANY BRIEFS
      206 7 THE A' shares in F N Ltd arising from the exercise of the warrants will not be be listed on the Kuala Lumpur Stock Exchange until the company makes applications to the KLSE and the Capital Issues- Committee of Malaysia, and only after such approvals are given. The
      206 words
    • SES
      • Article, Illustration
        Lock icon Straits Steamship stands out in dull trading
        1132 8  -  JOSEPHINE CHAN by JOSEPHINE CHAN NEWLY-listed Straits Steamship warrants stood out in an otherwise sluggish market yesterday, accounting tor a volume of 34 04 million units. Trading in the warrants of the shipping-based counter accounted for 41.80 per cent of all transactions. Brokers
        by JOSEPHINE CHAN  -  1,132 words
      • Article
        Unit trusts
        193 8 Managers' prices (S) for June 24 26 Singapore Unit Trust The Commerce The $o*>ng* Fuod S pore Prog Fund S pore Sec fu«d S pore Irwetf S pore Eq««tv un< 1 11 099 045 0 75 079 053 1 18* 105 0 49 080 084" 057 Asia Unit
        193 words
      • Article
        COMPANY MEETINGS
        62 8 HOTEL ROYAL LTO: 20th AGM at Room 1522. Royal Suite. 15th Storey. Hotel Royal. 36 Newton Road. Singapore 1130, today at noon. JURONG ENGINEERING LTD: AGM at the Westin Plaza. 2 Stamford Road. Singapore 0617. today at 12 30pm JURONG SHIPYARD LTD: 26th AGM at the Westin Plaza.
        62 words
      • Article
        SES SHARE INFORMATION
        6146 8 1989 High Low Tel Code Company Last Sale JUN 23 orVol (•000) Day High Low Last Quote Buyer Seller Gr's Div Div C'vr Gr's Y'ld Net P/E M Cap $mll 168 93 202 70% 94" 100 101 82% 190 91% 104 153 100 87% SESDAQ 120 t
        6,146 words
    • KLSE
      • Article, Illustration
        Lock icon Buyers re-emerge in KL
        3504 9 MBT BUYERS resurfaced yesterday after two days of soft trading on the Kuala Lumpur stock market, but this was not strong enough for an across-the-board rally, causing share prices to close mixed with a firmer bias. Brokers said the buying was probably covering activity after the
        MBT  -  3,504 words
    • REGIONAL MARKETS
      • Article
        Lock icon IBM steals a march on the Japanese
        869 10 advanced memory chip being mass produced NYT THE PRESIDENT of IBM says the t company already has a surprising c edge over Japan in the mass pro- c duction of an ingredient vital t to virtually all of tomorrow's t electronic products. The
        NYT  -  869 words
      • Article, Illustration
        Lock icon Bond challenges request for five-year accounts
        306 10 Reuter ALAN BOND and his companies are at loggerheads with the Australian Stock Exchange (ASX) over its demands for background information on Bond plans to sell brewing assets to Bell Resources Ltd. Bond Corp Holdings Ltd accused the stock exchange s powerful National Listing
        Reuter  -  306 words
      • Article
        Lock icon Daewoo workers press on for higher pay
        165 10 Reuter ABOUT 10,000 workers downed tools at South Korea's second biggest shipbuilder yesterday in the face of a government threat to scrap a rescue plan for the debt-ridden yard, a company spokesman said. The workers gathered in the grounds of the yard owned
        Reuter  -  165 words
      • Article
        Lock icon Daikin banned from exporting to communist bloc
        178 10 AFP DAIKIN INDUSTRIES Ltd will be barred from exporting to 14 communist countries for six months from July 1 for its illegal sales of regulated chemicals to the Soviet Union. Japanese government officials. The ban was announced by the Ministry of International Trade
        AFP  -  178 words
      • Article, Illustration
        Lock icon Higher close
        364 10 Tokyo Reuter INDEX-LINKED buying by investment trust funds propelled Tokyo share prices to close broadly higher but off their peaks in moderate trade yesterday. This concentrated buying led rallies at both the morning and afternoon opens The strong yen tempted buyers back into large-capital shares. "It's a simple
        Reuter  -  364 words
      • Article, Illustration
        Lock icon Slightly easier
        495 10 Australia Reuter THE AUSTRALIAN share market closed slightly easier in lacklustre trade yesterday as negative sentiment over continuing high interest rates in the near term kept investors at bay. dealers said The All Ordinaries Index closed 3.2 points lower at 1,509.7. "It's very quiet at the moment and
        Reuter  -  495 words
      • Article, Illustration
        Prices end lower in sluggish trade
        1357 10 Hongkong HONGKONG share prices ended lower in sluggish trade yesterday, reversing early gains and dashing hopes of a rally. The Hang Seng index ended 12.82 points lower at 2.219 after rising about 20 points just after the opening. Brokers said it was unlikely the
        1,357 words
      • Article
        Lock icon Bangkok: Index up
        167 10 Reuter THE Stock Exchange of Thailand Index yesterday rose 6 38 points to 578.32 points on a turnovof of 11,982,207 shares valued at 1.079.62 million baht. JUNE BAHT *b Ao Kham Thai 406 6 Avudhvl InvsslirwH 39 OS Bangkok Agro-tnd Bangkok Bank BankOt Ayudhya 625 265 1
        Reuter  -  167 words
      • Article
        Lock icon Seoul: Unrest hits prices
        187 10 Reuter SEOUL STOCKS fell in low trading volume yesterday on news of an intensifying labour confrontation at the giant Daewoo group's shipyard, brokers said. About 10.000 workers downed tools at Daewoo Corp's Daewoo Shipbuilding and Heavy Machinery Co even though an accord to end problems at
        Reuter  -  187 words
      • Article
        Lock icon New Zealand: Uneventful
        211 10 Reuter THE New Zealand share market coasted to an uneventful close yesterday, fulfilling brokers' forecasts that it would remain featureless all week. "I'd be struggling to find any corporate news of note," satd a broker. "Everyone's waiting to see if anything will happen." The Barclays Index fell
        Reuter  -  211 words
      • Article
        Lock icon Taipei: Sell-off
        428 10 Reuter SHARE PRICES in Taiwan closed lower yesterday almost across the board after a sell-off by investors, nervous at a government crackdown on underground investment firms and a probe on dummy accounts, brokers said. The weighted index fell 325 23 points or 3.2 per cent to end at
        Reuter  -  428 words
      • Article
        Lock icon Bombay: Heavy trading
        196 10 Reuter BOMBAY share prices closed mixed yesterday after meeting resistance at higher levels in a market which had opened bullish for the third day in a row, brokers noted. They said the market turned vulnerable as prof-it-takers took advantage of the past two days' gains. Share prices
        Reuter  -  196 words
      • Article
        Lock icon Manila: Profit-taking
        106 10 Reuter PHILIPPINE shares largely fell on profit-taking yesterday in the blue chips following two days of gains, but brokers said the market remained buoyant as investors sought tentative plays in speculative stocks. Manila's Composite Index ended slightly higher at 1,069.31 points from Thursday s 1.066. But total volume
        Reuter  -  106 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Blue chips break losing streak
        781 11 New York Reuter US BLUE CHIPS broke a three-day losing streak on Thursday with a moderate closing gain that was scored on a mixture of bargain-hunting and strength in several stock groups. Fu-tures-related program buying also helped prices advance. Monte Gordon, Dreyfus director of research,
        Reuter  -  781 words
      • Article, Illustration
        Lock icon Market opens weaker
        916 11 London Reuter LONDON SHARES were weaker at the opening yesterday despite a firmer Wall Street close as caution dominated the market ahead of key UK May balance of payments data next week. Dealers said with sterling weakening again in the morning, the market was only too aware
        Reuter  -  916 words
      • Article
        Lock icon Can the stock market predict the economy?
        884 11 BONDS PROVE TO BE A MORE RELIABLE FORECASTER NYT HOW WELL do financial markets I forecast the economy? Although the stock market remains in the US government's index of leading indicators, doubts about its reliability have intensified since the stockmarket crash of 1987
        NYT  -  884 words
      • Article
        Lock icon Junk bonds give companies freedom, says Milken
        464 11 Reuter MICHAEL MILKEN, the former head of Drexel Burnham Lambert Inc's junk bond department, defended the use of the bonds and criticised a bill that would prevent savings and loan associations from buying the debt of non-investment grade companies. "High-yield bonds are freedom
        Reuter  -  464 words
      • Article
        Lock icon Shiver of anticipation over Hanson's Cons Gold bid
        367 11 AFP LORD James Edward Hanson's latest takeover attempt, this time for the mining conglomerate Consolidated Gold Fields, has sent a shiver of anticipation through British financial circles in the City of London. Though his last major acquisition was three years ago, the
        AFP  -  367 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1225 11 Reuter ZURICH: Swiss shares closed firmer but below highs yesterday. Dealers said that after a lively opening which saw the all-share Swiss Performance index at the day's high of 1,102.1. trading slowed down and prices eased on selected profit-taking. The all-share index closed 3.8 points higher on
        Reuter  -  1,225 words
      • Article
        Lock icon US partners' vote for Ernst and Young
        177 11 NYT THE US PARTNERS of Arthur Young and Ernst and Whinney have approved the merger of the two "big eight" accounting firms into the world's largest management services firm, with annual sales of US$4.3 lion. In a joint statement oq, Thursday, the companies,
        NYT  -  177 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      78 7 CURRENCY INVESTMENT AMERICAN I XPRI SS BANK TEL: 321 3333 Results of tender for taxeble book-entry Government Bond 1989 due 15 June 1994 issued on 23 June 1989. Tenor approx. 5 V ears Amount Offered Allotted i *****,000,000 Amount Applied 551,543,769,000 Interest/Coupon Rate 5.25% p.a. Amount Applied 551,543,769,000 Interest/Coupon Rate
      78 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      64 11 Stockholm and Zurich prices wore not available ©The best Pbl 9 v 1 I 0 dictionarvof TU(RBLESf>ME WORDS boldly to to boldly S° to go boldly This dictionary provides a straightforward guide to the pitfalls and hotly disputed issues in standard written English. A must for everyone involved with the
      64 words
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      Page 11 Advertisements Column 2
      322 11 NOTICES In the matter of THE COMPANIES ACT CAP. SO and In the matter of GUAN SOON HANG CO. (PTE.) LIMITED NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the Members of the Company duly convened and held at 16 Raffles Quay #18-04, Hong Leong Building, Singapore 0104,
      322 words
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  • Article
    Lock icon Wave of prosperity
    601 12 STORE SHIPYARDS FULL WITH ORDERS TILL END OF YEAR Reuter SINGAPORE s flourishing shipyards are awash with orders as they cash in on high repair costs and labour unrest in the region. And they are poised for further growth and profit, shipping industry officials said. "The yards,
    Reuter  -  601 words
  • Article
    'S'pore to support all Asean energy projects'
    355 12  -  By LILIAN ANG SINGAPORE will support all energy cooperation projects undertaken by Asean regardless of whether they are relevant to the Republic's needs. This undertaking was given yesterday by Mr Mah Bow Tan. the Minister of State for Trade and Industry, at the
    355 words
  • Article
    Lock icon Johor on payment of water bill
    177 12 Bernama THE JOHOR government plans to settle its bill for treated water from Singapore in future by deducting the amount from the M 52.08 million it had overpaid earlier. State Public Works and Amenities Committee chairman Ahmad Abdullah said yesterday if the Singapore authorities
    Bernama  -  177 words
  • Article
    Lock icon Rapidly improving M'sian economy needs anti-inflationary measures: economist
    344 12 UPI/Reuter THE MALAYSIAN INSTITUTE for Economic Research (MIER) called yesterday for anti-infla-tionary measures with the economy improving quicker than expected amid a rush of foreign investments. "This is a crucial phase," said director Kamal Salih. "We must be cautious or inflation will
    UPI/Reuter  -  344 words
  • Article
    Lock icon M'sian education minister and father cleared of corruption charges
    146 12 AP MALAYSIAN Education Minister Anwar Ibrahim and his father Ibrahim Abdul Rahman have been cleared of corruption allegations after an investigation by the Anti-Corruption Agency, Parliament was told yesterday. Sulaiman Daud, a minister in the Prime Minister's Department, told members of
    AP  -  146 words
  • Article
    Good housekeeping pays off for Nachi Industries
    259 12  -  By JEFFREY TSANG GOOD HOUSEKEEPING brought in about $50,000 additional business for Nachi Industries The company, which won the inter-company good housekeeping competition organised by the National Productivity Board, applied the principles of housekeeping. As a result, it cut down on manufacturing time
    259 words
  • Article
    Lock icon US officials reaffirm commitment to Asia
    327 12 AP WHILE denouncing repressive measures in China, top US officials say they also are reaffirming commitments to other Asian countries and emphasising US determination to remain involved in the region. Vice-President Dan Quayle and Richard Solomon, President George Bush's nominee to head the State
    AP  -  327 words
  • Article
    Lock icon Taiwan to offer financial aid to Panama, Costa Rica
    126 12 Reuter TAIWAN, a diplomatic outcast and one of the world s big holders of foreign exchange reserves, will offer millions of dollars in financial aid to Panama and Costa Rica for economic projects, officials said yesterday Vice-Economic Minister Wang Chien-shien said
    Reuter  -  126 words
  • Article, Illustration
    Lock icon Beijing warns firms about leaving
    346 12 UheChina question Reuter CHINA, which has provoked international revulsion with its crackdown on dissent, sternly warned foreign businessmen yesterday that if they abandon the China market their competitors will take their places The People's Daily quoted Vice-Premier Tian Jiyun as telling Viscount Errington, president of
    Reuter  -  346 words
  • Article
    Lock icon Baker calls for 'one voice' on China
    211 12 NYT MEMBERS of US Congress introduced amendments on Thursday that could severely curtail exports of computers, weapons, satellites and financing to China but Secretary of State James Baker stressed the need for the country to speak with "one voice". The legislators acted out
    NYT  -  211 words
  • Article
    Lock icon Comex gold and silver
    98 12 Reuter COMEX GOLD futures dropped back to unchanged levels yesterday after an early rally fanned by strong prices for crude oil failed to hold. August gold hovered at Thursday's close of U*****.20 an ounce with the buying interest subsiding at U*****.50 versus Thursday's high of U*****.20.
    Reuter  -  98 words
  • LATE FILE
    • Article
      Lock icon Sharp fall in US factory orders
      45 12 Reuter ORDERS received by US factories for durable goods fell an unexpectedly sharp 4.2 per cent in May in a further sign that the economy is slowing as a result of anti-in-flationary measures, the Commerce Department said yesterday. Reuter
      Reuter  -  45 words
    • Article
      Lock icon Johor to launch new cargo system
      41 12 Bernama THE Johor Port Authority (JPA) announced yesterday that it will launch a computerised dangerous cargo system known as the Safety Measures System to ensure that the highest safety precautions are maintained and monitored. Bernama
      Bernama  -  41 words
    • Article
      Lock icon Japan develops fast cargo ship
      33 12 AFP Japan's Transport Ministry yesterday unveiled a US$7l million project to develop an ocean-going cargo ship with a cruising speed of 50 knots by the year 2000. AFP
      AFP  -  33 words
    • Article
      Lock icon Mitsui buys London building
      41 12 Reuter TRADING firm Mitsui and Co Ltd and Mitsui Real Estate Development Co Ltd have bought a building under construction in London for £130 million from P and O Developments Ltd, a Mitsui Real Estate spokesman said.
      Reuter  -  41 words
    • Article
      Lock icon Stanchart expects £400m
      39 12 Reuter STANDARD CHARTERED pic plans to sell its headquarters in London and Singapore and hopes to make at least £400 million on the divestitures, said David Gemmill, managing director of Standard Chartered Merchant Bank Ltd. Reuter
      Reuter  -  39 words
    • Article
      Lock icon Manila's economic minister quits
      27 12 Reuter PRESIDENT Corazon Aquino's feisty Economic Planning Secretary Solita Monsod quit yesterday the fourth minister to resign from the Philippine Cabinet this year.
      Reuter  -  27 words
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      Page 12 Advertisements Column 1
      173 12 special supplement ITS BACK! BT's special annual supplement on the stock exchange. A sellout when It was launched last year. And required reading again this year, with topics such as: The China Crisis and Singapore's stock market. Which stocks where? Experts offer their views on the world markets. After CLOB?
      173 words
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      Page 12 Advertisements Column 2
      115 12 FOR THE VIEWS OF FINANCIAL EXPERTS u* Changes in interest and exchange rates affect your business. BANKING FINANCE brings to you the views of experts in Singapore as well the other financial centres, from Hongkong and Tokyo to London and New York, on a sector which is getting more unpredictable
      115 words
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  • Executive Lifestyle
    • Article, Illustration
      The Chinatown Syndrome
      1506 13  -  So this is Chinatown. Where Orientals in an Occidental land meet, make money, have identity crises and eat fried rice. But for JOHN TAN, he just wanted some cheap char siew and a bit of solace. Which he got, and a little bit more, as he drifted
      1,506 words
    • Article
      STRAWS in the Wind
      366 13 ONE CAN only sympathise with veteran banker Tan Chin Tuan, who used to enjoy luxurious isolation in a house perched on a slope at the junction of Cairnhill Road and Cairnhill Circle. In the late 70s, he lost much of his privacy when high-rise apartments shot
      366 words
    • Executive Lifestyle: Perspective
      • Article
        Super-power mothers
        609 14 ofi *5) SatuAdny 24TH JUNE, 1989 POWER would mean little without the images it creates of itself. To think of a super power is to think of the arrogance of steel, of cold heavy guns pointed at the horizon in undefinable hostility, of missiles that lie waiting in
        609 words
      • Article, Illustration
        Singapore's design for success
        1578 14  -  HERMAN PHUA reports on plans to make the Republic a fashion showcase HERMAN PHUA IMAGINE walking into a large, marble-walled shopping complex and instead of the usual battery of boutiques carrying only labels of famous Parisian, Milanese, New York, and other international designers, you are also
        1,578 words
      • Article
        Some more relevant financial news, please
        97 14  -  Letter to the Editor D W DISTANT Dear Sir SBCText pages 261 to 263 are devoted to financial news but instead of giving news on companies" results and dividend announcements they are filled with details of dates and venues of company AGMs, many of
        97 words
    • Executive Lifestyle: Entertainment
      • Article, Illustration
        Twilight Treats
        927 15  -  It's 2am. Do you know where your supper is? So Singapore's dead at night, you think? You're probably right, even as you emerge from the latest hotspot in town and wonder if there's more to nightlife than this. There's every likelihood that your stomach would agree too, especially
        927 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        Back to the past and into the future
        669 16  -  RESTORATION It's going to be all new, but all old, when Raffles Hotel opens its doors again. NG PENG HUI had a foretaste of things to come. NG PENG HUI RENOVATION is an ugly word to Richard C Heifer, executive director of
        669 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Add more fibre to your diet
        954 17  -  HEALTH By RICHARD SEAH LONG AGO, when very little was Known about nutrition, doctors actually "proved" that refined, white bread was healthier than wholemeal bread. Today, we know better. At least until last Sunday. Now some people are confused after reading a report in
        954 words
      • Article, Illustration
        The poetic pact
        496 17  -  FOOD By QUEK SWEE PENG POLITICS. Philosophy. Poetry The inspiration of the cultural age of the Sung Dynasty (960-1127). The study of one of the world's earliest civilisations often leaves a momentous impact on one's mind. The vastness of China. The enormity of its civilisation. These are
        496 words
      • Article
        The piquant palate
        139 17 ON AN EXCHANGE programme are three chefs from Equatorial's sister hotel in Penang to present Penang food at the Singapore hotel. The buffet menu encompasses a wide range of Penang food from laksa, popiah and curry dishes to salads, soup and sweets. We found the spinach soup
        139 words
      • Article, Illustration
        BILLBOARD
        930 17  -  Compiled by JUANITA SHAKILA STAGE PERFORMANCES La Salle Baroque Players in Concert. On July 5. the Ministry of Community Development will present this concert featuring Lynette Lim, Lily Zhang Guo Min and Lena Ching at the Victoria Concert Hall at Bpm. They will present pieces from Handel. Bach and
        930 words
      • Article, Illustration
        Absence of China a loss to Epson Contest
        583 17  -  BRIDGE By SYBIL HOLLOWAY IN ALL. 91 countries competed in the 1989 Epson Worldwide Bridge Contest. The loss of Chinese heats this year affected total entries but, nevertheless, it is estimated that the numbers will have exceeded 80,000. The IBPA reports that
        583 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        Beauty knows no pain
        891 18  -  Can it be that one day, pimples and not dimples, will be the cutesy in-thing to have? Until then, SAMUEL EE laments about his skin condition. SAMUEL EE PUBERTY HIT me late About 10 years late. One fine day in January, I suddenly found my erstwhile
        891 words
      • SHORT TAKES
        • Article
          Cossack caper
          134 18 They must take lots of vitamins back home in Siberia. The Siberian Cossack Dancers, back a second time around, show just how high and how fast they can jump and spin on stage. These speedy folk dancers will be here for two nights, as part of the Keppel
          134 words
        • Article
          Tres chic?
          140 18 A fashion show dedicated to French apparel was held at the Hyatt on Thursday Replete with all things French, there was a delightfully psychedelic backdrop of changing French scenes, set to blarmgly nasal French music. Bright cottons and creased linen were the order of the night when Tangs
          140 words
        • Article
          For your eyes only
          91 18 Strut around town with $20,000 on your nose and see the world in a different light. Or so Elsa Schiaparelli hoped her creations would do when she designed her first line of fashion spectacle frames in the 1950s The epitome of ostentation. Schiaparelli's other frames include
          91 words
      • Article, Illustration
        Is the market ripe for home-grown artistes?
        653 18  -  MUSIC By CHARLES SAVAGE BERGELSMANN Music Group is only two months old. but it looks set to become the hottest news in the music industry here. Steven Tan, who worked his way up over the last 20 years from salesman to BMG's managing
        653 words
      • Article, Illustration
        Breaking up is not hard to do
        1083 18  -  wss Roger Loh NEVER TRUST breakups in the music world. They almost never seem to fade away After more than five years, the Doobie Brothers are back working together with the original members. The Stray Cats, who created a rockabilly stir with their
        1,083 words
      • Article, Illustration
        The Empress Dowager — as vicious as ever
        530 19  - The Empress Dowager as vicious as ever CINEMA By NG PENG HUI FILM DIRECTOR Lee Han Xiang is so obsessed with the Empress Dowager Cixi that he has made five films about her. And he has no intention of stopping there. While with the Shaw Brothers in the *****, he
        530 words
      • Article, Illustration
        Catherine Lim treads new ground
        436 19  -  PROFILE By TONG SUIT CHEE CATHERINE LIM has had enough of satire for a while. Now she wants to write about death. Funny thing to write about for a bubbly woman who doesn't look like she's suffered any deep dark moments in her life, except
        436 words
      • Article
        No small laughing matter, this
        570 19  -  Reviewed by TONG SUIT CHEE O Singapore! Stories In Celebration By Catherine Lim Timet Books International 128 pages Cost: $7.50 "WHAT DO Singapore men and women want of each other as marriage partners?" The answer Singapore men like their women to be all dollared up
        570 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        'Time to be much more selective'
        1113 20  -  "The only thing more important than change is recognising it early enough to do something about it." So says Wall Street's top market-timer ROBERT FARRELL. The rapid changes of the past six weeks will mean a very different stock market in the US over
        1,113 words
      • Article, Illustration
        Trouble in China more worrying than 1987 Crash
        652 20  -  Property is big news throughout the region. Last week PI looked at the local market. Today we survey the markets in Hongkong and Australia two favoured business and tourist destinations for Singaporeans. Another article examines the demand and supply of office space
        652 words
      • Article
        Lock icon Down Under: last fling before downturn?
        936 20 FT AUSTRALIA S boom-and-bust mentality is not confined to its miners, farmers or share market players. The affliction also looks like hitting the property sector, which has enjoyed one of its greatest surges over the past two years but expects a sharp reversal over
        FT  -  936 words
      • Article, Illustration
        Lock icon Watch out for interest rate movements, Barings cautions
        624 20  -  JAPANESE STOCK MARKET By HERMAN PHUA r» THE RECENT dollar surge, which forced the Bank of Japan to raise its official discount rate, has been weighing heavily on the Japanese equity market over the last few weeks. The link between the three
        Source: Baring International  -  624 words
      • Article, Illustration
        Lock icon KL office space rentals expected to rise steadily
        678 20 NST THE AVERAGE rental rate for office space in Kuala Lumpur is expected to rise steadily from the current M 52.19 per sq ft to about M 52.70 per sq ft in 1995 when there will be a marked reduction in surplus
        NST  -  678 words
      • Article, Illustration
        The better buy — Straits Steamship or Keppel Investment?
        288 21 The better buy Straits Steamship or Keppel Investment? WARRANTS WITH ALL these new warrants in town, it's hard to keep up. But that means that it's also hard for everyone else, so there might be a few values lurking around. Let's take a look. Straits Steamship. This one seems cheap.
        288 words
      • Article, Illustration
        Lock icon Watch the indicator's zero mark
        170 21  -  By JAMES L F SEE, By JAMES L F SEE, director, Kim Eng Securities Pte Ltd THE TOP CHART shows the STII movement on a daily basis since the end of 1971. The centre chart shows the Coppock Indicator on the STII. The basic interpretation
        Source: Kan Eng Securities  -  170 words
      • Article
        Focus on Chinese ceramics and jades
        574 21  -  ART By RUTH CORB ATTENTION this week focused 1 on the sales in London of Chi- < nese ceramics, jades and works i of art. 1 These followed earlier sales in New York, which were strong, but the London sales were considered by some
        574 words
      • Article
        WANTED: More warrants
        1720 21  -  By AMY BALAN INVESTORS just don't seem to lye have enough of warrants, and est companies seem only too happy acc< to oblige. dail Singapore's first warrant, day then called a registered sub- Exc scription warrant, was issued by n ®c United Overseas Land in 1980. ke
        1,720 words
      • Article
        Getting the most out of your bank deposits
        592 21  -  FINANCIAL PLANNING By PETER TEH, financial consultant, Investment Protection Planning Pta Lid. Prior to his prasant position, Mr Teh was In the banking treasury sector and Involved In foreign exchange, money markets and financial futures markets. THE FIRST STEP in wealth accumulation
        592 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Martina leads quarterfinals charge at Eastbourne
        539 22 TENNIS AP, AFP MARTINA NAVRATILOVA overcame a tough challenge from Mary Joe Fernandez for a 7-6. 6-1 victory on Thursday in the quarterlinals of the Eastbourne women's grass-court tennis tournament. Joining Navratilova, the top seed from the United States, in the semifinals were 14th-seeded
        AP,; AFP  -  539 words
      • Article
        Lock icon Chang follows careful game plan
        464 22 NYT HIS VICTORY on the centre court at Roland Garros in Paris was fresh, but last week in Rosmalen, The Netherlands, Michael Chang was playing Johan Kriek on a bandbox grass court where wide serves thud off the plywood protecting the temporary stands. Contented Dutch
        NYT  -  464 words
      • Article
        Lock icon Record purse of over US$5m for US Open
        118 22 AFP THE TOP tennis players from around the world will be competing for a record purse of more than US$5 million at this year's US Open David Markin, president of the United States Tennis Association, announced in New York on Thursday that
        AFP  -  118 words
      • Article, Illustration
        New jockey may win with Lively One
        627 22  -  > on TMCK With JEROME FANDOR MALCOLM THWAITES has found himself a new jockey in 19-year-old Jason Oliver. The Australian takes over the reins from a succession of North American jockeys, the last to leave Thwaites being Canadian Kenneth Skinner. Oliver can strike
        627 words
      • Article
        Lock icon Jack Russell plays saving innings for England
        368 22 CRICKET AFP JACK RUSSELL, the wicket keeper they said couldn't bat, hit an unbeaten 64 as England recovered to 286 all out on the first day of the second cricket Test against Australia at Lord's on Thursday. Russell was widely criticised for backing
        AFP  -  368 words
      • Article
        Lock icon Bruyneel wins 10th leg of the Tour of Switzerland
        228 22 CYCLING AP BELGIUM'S Johan Bruyneel surged ahead 30 kilometres (18.6 miles) from the finish to win on Thursday the 10th and longest leg of the Tour of Switzerland road cycling race With only one day left in the ten-day race, Switzerland
        AP  -  228 words
      • Article, Illustration
        Lock icon Four-nation meet starts amid US track and field civil war
        314 22 TRACK AP FOUR OF THE WORLD S top track and field nations clash in a two-day meet beginning yesterday against the backdrop of a civil war in the sport in the United States. The competition will feature Britain, West Germany,
        AP  -  314 words
      • Article
        Lock icon Lyle ends nightmare with a record 64
        434 22 GOLF AFP SANDY LYLE ended his three months in the wilderness when he took the Portmarnock links in Dublin apart in the first round of the £255,000 Irish Open championship on Thursday. "But there has been no miracle cure." warned the 31-year-old Scot
        AFP  -  434 words
      • Article, Illustration
        Lock icon Gallagher leads in Canadian Open
        441 22 AFP LITTLE-KNOWN pro Jim Gallagher Jr tore up the water-logged Glen Abbey Golf Club course in Oakville (or a two-shot lead after the rain-shortened first round of the Canadian Open. Heavy rain a common occurrence on the US PGA Tour this year delayed the start
        AFP  -  441 words
      • Article, Illustration
        Lock icon US PGA Tour to reconsider easing rule for foreigners
        317 22 AFP THE US PGA Tour will reconsider next week a proposal that would allow foreign golfers to play in as few as 12 American tournaments in order to retain their tour privileges. The proposal, which was rejected in 1967, is being
        AFP  -  317 words
    • Executive Jobs
      • Article, Illustration
        Balancing career and life
        829 23  -  THE BIG MOKE By JAYARAM MENON AT 60 JOHNNY CHIN's work is not getting any lighter by choice, however when he accepted his latest appointment as the executive director of the Singapore Manufacturers Association. In fact, he revels in work not so much with a masochistic
        829 words
      • Article
        Breaking out of the legal mould
        984 23  -  By ANNA TEO ONE IS AN up-and-coming young h advertising executive savouring p every bit of action out front. The a other, more senior and established, is the successful helms- a man at a leading multinational y advertising agency in Singapore. Little else in
        984 words
      • Article
        Business development manager: what he earns
        444 23  -  by ANNA TEO. WHO'S the business development manager who, going by the Singapore National Employers Federation salary survey, appears to be second only to the chief executive as far as remuneration goes? He's certainly a corporate bigwig, as job responsibilities go. Normally found in
        444 words
      • Article
        Why being a gypsy pays
        390 23  -  By CHUANG PECK MING JOBS ARE GOING the Hollywood way. Not that they are becoming glamorous. But like the stars and producers in tinsel town who work under short-term contracts on single films, ordinary people, too. are beginning to serve short stints with companies. Employees
        390 words
      • Article, Illustration
        Women power in Shenton Way
        1360 23  -  Softly, softly, women are muscling in on the money, banking and forex scene in a big way. A look at what makes them gravitate to an arena where angels fear to tread, where only the toughest survive, and where burn-out comes early. TAN KEE WEE
        1,360 words
      • Article
        PEOPLE IN BUSINESS
        126 23 MOUNT ELIZABETH Hospital has appointed Sharon Leow as human resources director and Chia Chee Keong as operations officer. HENRY TAN has been appointed regional sales manager of Bridgeport Machines Singapore. Marco Polo Hotel. Singapore, has appointed Pauline Hang as commercial sales manager and she will take charge
        126 words
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      Page 13 Advertisements Column 1
      194 13 OT LCall Lisa from any phone, any day, anytime at 222 5544 or 222 8844 HONG LEONG SINGAPORE FINANCE LIMITED FINANCE LIMITED ii /—y Ladies' 18-Carat gold Saratoga with diamonds. CONCORD. WATCH MAKERS To THE GENTRY. SINCE I 9 O 8 The new Saratoga™ collection from Concord is perhaps the
      194 words
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      107 14 FOR IMPORTERS AND EXPORTERS. SHIPPING TIMES covers all aspects of local and international shipping (except, of course, the really technical aspects). The emphasis is on news that is likely to affect the Business Times reader. Covering the latest trends in the shipping markets, we also carry up-to-date news of what's
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      769 14 (MD CRYPTIC PUZZLE ACROSS 9 Indicate you intend making a statement (4. 2. 3) 10 She can't chew through the badlymade scone (9) 12 Given a hand the time after with dessert (4) 13 Go out to ring (6) 14 From the colour, a number inside are dead (7) 15
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      312 16 COUBVOISIER VS.O.P-W*" TO I Mil IVI^ ONE C(X)D REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. For between $26+ and $40+ ■i y OU can select from our appetiser GRILL buffet including seafood, smoked salmon and oysters. Choose from many
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      Page 16 Advertisements Column 2
      167 16 LOCAL FARE BUFFET At the Coffee Pot where the Best of Two Worlds Meet, we bring to you all-time favourites, from Chili Crabs, Roast DucK Chinese style to Fried Sambal Weng Cai and Niang Dou Fu Price at $16.90+ Lunch: 12.00 pm to 2.30 pm Dinner: 7.00 pm to 9.30
      167 words
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      Page 16 Advertisements Column 3
      169 16 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 MOOO EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES. BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE FAMILY SUNDAYS ONLYI 11 00
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      Page 16 Advertisements Column 4
      198 16 I t .V 7 "I C W'll\T.Y( "D i \si i:\ri n I k( >M A SI AK X >l> Kl S I At RAM llie unique taste of 1 hai an J Cantonese Plaza Hotel IJS 24-hr CoffeexHouse,/ (Level 5) Where the service is good, the ambience great, the
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      Page 16 Advertisements Column 5
      292 16 Britannia rules the tables Li* Ji We lay the magnificence and opulence of the British on our tables this month. Tuck into delicious Beef Steak smothered in onions. Steak and Kidney Pie, Irish Stew, Yorkshire Pudding, Dundee Cake and Richmond Maids of Honour, to name a few. Even the Royal
      292 words
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  • Page 18 Advertisements
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      67 18 PolyGram Proudly Presents SINGAPORE, SYMPHONY k ORCHESTRA vi^PlSl T 45F?> m: Ts ms <+ vi vzzs£Jg m^^rn^va:. m £//> s o Vs\^> 4> c<* <S >- Shostakovich Symphony No. 10 in E Minor, Op. 93 Overture 'Dayong Sampan' Leong Yoon Pin Conductor: CHOO HOEY DIGITALLY RECORDED AND MASTERED BY TWO
      67 words
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      76 19 45 •.*/•'••v»->. V sfcv*r? j < > > jfe A. ~'*F' ■Kv jmrnn >„ ARO BO #01-35 P n:r.n lE# *****5 M I' >r/ *&j£ i£3 s r* t? > ®j: s« ;>*4 -V sfr*iS f ST Tf ,£r? I I -i/ a fflMlWs£ {•j Mi C -V* >- 2R«
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  • Page 19 Miscellaneous
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      Page 19 Miscellaneous Column 1
      1462 19 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 ot the Century. 9.45 Book Choice. 9.so New Ideas
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      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.
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      109 24 >r t s lw I c* N V ii > i. i VI 3 v 1 > Make a splash with St Michael's summer swimwear. In easy care nylon/lycra, the bright floral printed bikini suit gives you great looks, comfort and a better fit. Illustrated: Ladies' Bikini $49.90 Sizes: 10,
      109 words
  • Page 24 Miscellaneous
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      Page 24 Miscellaneous Column 1
      634 24 I Dcndam Manusia Harimau, Today. 3.05pm, SBC 5 A young man who leaves his village to look for his father ends up working for a man who turns out to be his father's killer. Stars Hadisyam Taha, Kandar Sinyo and Yani Wulandari. Hie Lift, Today. 10.30pm. SBC 5 An elevator
      634 words
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      Page 24 Miscellaneous Column 2
      1780 24 UfjUXyfc: Idwltl&h,SATURDAY'—™ SBC 12 7.25 PM Opening and Programme Highlights followed by Bodywatch Ten Most Asked Questions About Food (See Our choice) 8.00 Bookvisions: Jude The Obscure At Marygreen (r. Pt 1). Harry Green s 6-part dramatization of Thomas Hardy's 1894 novel which depicts how the intellectual aspirations of Jude
      1,780 words
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      Page 24 Miscellaneous Column 3
      219 24 Our choice i. Today, 6 30pm, SBC Have you ever wondered what the brightly coloured dragonfly does besides hover above drains? Nature Watch reveals not only the life cycle of the lovely dragonfly, but also the habitat and characteristics of one of the oldest winged insects on earth. Tea Most
      219 words