The Business Times, 1 July 1989
1989-07-01
1
24
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The Business Times
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Title Section12 1989-07-01 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, July 1-2 1989 75 CENTS12 words
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Article, Illustration430 1989-07-01 1 DEXTER LEE - STIFF RIVALRY ALSO SQUEEZES FINANCE COMPANIES' MARGINS By DEXTER LEE OUTSTANDING motor vehicle loans, which touched a record high of about $1 billion laat March, have plummeted in the paat two montha, aay aeveral major car financiers. They told BT that new car430 words
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444 1989-07-01 1 ROSIE TAN - By ROSIE TAN OVERWORKED STOCKBROKERS can now breathe a little aaaiar. The Stock Exchange of Singapore has juat approved the first batch of dealere/remisiers clerks. An SES spokeswoman confirmed that some 40 applications aent in by local stockbroking firms were444 words
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Article, Illustration208 1989-07-01 1 MARTIN SOONG - By MARTIN SOONG AIR FORCE Deputy Commander Gary Yeo was promoted to Brigadier-Qeneral yesterday, leading the list of Singapore Armed Forces promotions this year, and joining an elite group of only six active service officers who hold that rank. Brigadier-Qeneral Yeo, who is also208 words
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285 1989-07-01 1 Reuter JAPAN CUT its broad-based trade surplus by nearly 40 per cent in May, but economists said yesterday that the reduction was only temporary. The country's current account surplus, which measures trade in goods and services, shrank to U553.39 billion in May from U555.57Reuter - 285 words
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98 1989-07-01 1 THE US DOLLAR yesterday closed mixed on Asian currency markets amid political jitters in Japan which overwhelmed the impact of the concerted interest rate increases by major European central banks on Thursday. In Tokyo, the US dollar closed at 143.95 yen and98 words
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Article61 1989-07-01 1 Reuter US STOCKS fell off sharply after both a futures cash-stock index and the Dow 30 index fell through technical support levels. The Dow index sank 26 to 2,432. Over a thousand issuss were lower and fewer than 200 higher. The market waa also swept by concern thatReuter - 61 words
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Article45 1989-07-01 1 AP LONOON share prices were easier across ths board Ih sketchy trading yestsrday. At 1114 GMT. the Financial Times-Slock Exchange 100-share Index waa down 17.3 points, or 0.8 per cent, at 2164.7. juet slightly sbovs its minimum of 2163.3, s loss of 16.7 points.AP - 45 words
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Article, Illustration242 1989-07-01 1 REGIONAL MARKETS cloeed slightly lowor yesterday in reaction to Wall Street's overnight sharp decline of 46.47 potato on concerns of s US economic slowdown. In Singapore, share prices toll with the Straits Times Industrials Index falling 7.82 points to 1,3076.67. The Business Times Composite Index242 words
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Article128 1989-07-01 1 Mtor. STMhIMMm *****7(-742) *****5 (-5.96) N$T MmMoI Mm 2266*42 (.1194) HK Hong Sang Mm 2273.91 (.Ml Tokyo NMwi Avoropo *****49 (-742) Cu<4mm A M m m ISIU(4.f) Now'toik (Dow Joaot) 2458.27 (-46^47) LondM (FT 30 Mox) ***** (-224) SfculuSyM 1.***** M 5)1.9655 L U*****70 Ms. $$***** Cwo-$128 words
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Page 1 Advertisements
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Advertisement246 1989-07-01 1 Nikon TtwWbfkrsFlnNt Eh-opipNc tyUm. Good heavens! Page One Thinking about news Pag* Two Taking the wraps off the Freemasons Page Six The Designer Strip Cars as hedge against inflation Page Eight What would the rest of the year bring? Page Nine Nichols triumphs in Yokohama Classic Page Ten The lure246 words
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Advertisement12 1989-07-01 1 Japan Mk» for gutdollnoo on rufaa of origin from Qatt, PAGE 412 words
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Advertisement329 1989-07-01 1 ?/!<_+(*~&:)\(&~=\%"",=<&<?<$'- FuM report, PAQC 8 t±2a±ra±2i 9 Today, one watch reigns sup u i f Ultra-thin Royal Oak for Ladies and Men m 18kt. £old, 18kt. gold and steel or all steel and Royal Oak Perpetual Calendar, mechanically programmed up until the year 2100. (Illustrated from left to rtght) BA329 words
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HOME NEWS
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Article475 1989-07-01 2 ZHOU MEI - US$4O million venture capital project By ZHOU MEI AN AMBITIOUS US$4O million tourism project in China is being packaged as a venture capital deal by Singapore-based China-Deal Consultants Re Ltd. The project aims to package for the tourists a cultural and entertainment park that will475 words
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309 1989-07-01 2 JOCELYN TOH - By JOCELYN TOH A CHINESE scientific institute for testing and measuring standards is planning to make Singapore its base for expansion into this region. To begin with, the National Institute of Metrology of China (NIM) is negotiating to set up a sales309 words
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405 1989-07-01 2 SURFACE-TO-AIR combat training will be introduced for the first time in a Five Power Defence Arrangement combined naval exercise when this year's Starfish 9/89 starts on Monday. It is understood the Australian armed forces have chartered a Learjet business jet •Aircraft for use405 words
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281 1989-07-01 2 THE ECONOMIC Development Board has teamed up with Japan's electronics giant Matsushita to train a pool of engineers and technicians in surface mount technology (SMT). SMT is an efficient method of assembling printed circuit boards (PCBe). By using surface mount devices, PCBs can be281 words
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Article91 1989-07-01 2 SEVEN STUDENTS were awarded DBS Bank scholarships by the bank's president Patrick Yeoh yesterday. This year's awards by the local bank comprise six overseas scholarships tenable at universities in the UK and US. The seventh award is for studies at the National University of Singapore. The six91 words
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402 1989-07-01 2 THE SINGAPORE General Hospital. in line with its aim to expand its outpatient services, will convert an old wing of the hospital to meet the demand for more consultation rooms. Estimated to cost $8 million, the Mistri Wing is expected to be ready402 words
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251 1989-07-01 2 THE GOVERNMENT is working on a now pay package that it hopos will bo an incontivo to doctors to ramain in hospitals which will not bo privatisad. Health Minister Yeo Cheow Tong said yesterday that the new package is being worked251 words
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233 1989-07-01 2 THREE MORE town councils Aljunied, Potong Pasir and Tiong Bahru take over estate management functions from the Housing Development Board today. This marks the end of Phase One of the town council scheme, with nine councils in operation. The Aljunied town council233 words
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Article298 1989-07-01 2 A GROUP of 23 local manufacturers leaves tomorrow for Thailand on a four-day investment mission. The third in a series of investment missions arranged by the Singapore Manufacturers Association (SMA), its main objective is to seek out potential Thai companies for joint venture projects. "Hopefully,298 words
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303 1989-07-01 2 THE TWO RATE increases implemented this year by the Asia North America Eastbound Agreement (Anera) is destabilising freight rates, in the view of the Singapore National Shippers' Council. It also dismisses the claims by the Straits Australia Conference that its revised rates are not increases303 words
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Article, Illustration475 1989-07-01 2 SUZANNE SON - ■y SUZANNE SON SINGAPORE AIRLINES neede to recruit 100 pilots next year to cope with its expansion plana. On the cards are plana to increaae existing services, add new destinations to its network and have charter flights, said an SIA spokesman. To All475 words
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Article1344 1989-07-01 2 AT CONVENTIONAL WHARVES i f M l Arrival D^rg Ak^dlcot. B I2EB89 K33 ok>ngs»de 01 07/ 0300 Bel-Abbes VI-89 KI7 olongside 0207/ 0700 Cotowof co N 32EB KI6 alongside 0107/ 1830 Owngdu 1/89 K29 olongside 0507/0700 Amor 17 m nlooQiirti 0107/ 1500 Kw-Toi I7WB KI8 okxtgsid* 0107/23001,344 words
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Page 2 Advertisements
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Page 3 Advertisements
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Advertisement326 1989-07-01 3 •>* -„<* '''W i .IV Dear Fellow Singaporeans On 1 June 1979, the Prime Minister, Mr Lee Kuan Yew, launched the first Courtesy Campaign. The objective was to create a pleasant social environment with Singaporeans considerate to each other, and thoughtful of each other's needs. In short, to make "Courtesy326 words
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OVERSEAS
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596 1989-07-01 4 A LOT OF MONEY BEING USED TO MAKE UP FOR INADEQUATE SAVINGS: ECONOMISTS Agencies THE United States status as a debtor nation worsened in 1968 as the difference between US assets abroad and foreign assets at home widened by U*****.2 billionAgencies - 596 words
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Article1029 1989-07-01 4 ARRIVALS Operator Sorvk* Local From number tim* MAS MH75A 0035 KUL su soon 0040 LAX/NRT MAS MH601 0130 KUL CAL 0333 0405 tpe SU SQ401 0555 CMB SU SQ-409 0610 MAA MAU MK746 0725 MRU SU SQ023 0755 AMS/80M SVA SV398 0835 JED/RUH KAL KE624 0840 KUL1,029 words
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171 1989-07-01 4 AP THE GROWTH in Americans' living standards lagged behind other major industrial nations last year despite a big surge in US export sales, according to a report on competitiveness released on Thursday. The report, prepared by the Council on Competitiveness. foundAP - 171 words
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317 1989-07-01 4 PAUL GOPAL - By PAUL GOPAL THE CANADIAN government has found itself caught in a dilemma over developments in China after being the first country to recall its ambassador from Beijing to prepare a response. External Affairs Minister Joe Clark was scheduled to announce Ottawa's "response"317 words
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228 1989-07-01 4 Al O Labita - By Al O Labita THE FUTURE of the economies of Asia-Pacific, the newly industrialising economies (NIEs) and Asean will be discussed by the region's top strategic policy planners in a regional conference to be held in Bangkok on Nov 8-10,228 words
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131 1989-07-01 4 Bernama THE STAGE is set for more investment and faster growth in Indonesia, Malaysia, the Philippines and Thailand as more la-bour-intensive industries migrate to these South-east Asian countries. Singapore was an excellent case study to emulate for other countries pursuing export-ledBernama - 131 words
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354 1989-07-01 4 FT JAPAN has asked the General Agreement on Tariffs and Trade (Gatt) to establish guidelines for determining the rules of origin of traded goods. Japanese officials said their move is directly related to the problems their car. semiconductor and otherFT - 354 words
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276 1989-07-01 4 FT SOUTH KOREA is teetering on t the verge of abandoning its right i as a developing country, under the General Agreement on Tariffs and Trade (Gatt), to impose import restrictions for balance- of-payment reasons. This would be anotherFT - 276 words
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Article, Illustration323 1989-07-01 4 Reuter CHANCELLOR HELMUT KOHL assured visiting Australian Prime Minister Bob Hawk* on Thursday that plans for an internal European Community market by 1992 would not turn Europe into a protectionist fortress. "The European Community is moving ahead," Mr Kohl said as heReuter - 323 words
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599 1989-07-01 4 FOO CHOY PENG - By FOO CHOY PENG THE PATIENCE and goodwill of Hongkong residents will be put to the test when British Foreign Secretary Geoffrey Howe steps foot on the colony tomorrow. Many will mince no words when they confront the599 words
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Page 4 Advertisements
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Advertisement35 1989-07-01 4 LONDO CUT ymr TtmdA§mtm.AkOmit 7JMU. A BREATH OF FRESH AIR The bmiam pcnon't choice rrtry Tuesday, Thurtday. Saturday and Sunday. Laving Chaagi Airport at J2M luan and arriving Hcathiv* early the fallowing morning. Air Canada35 words
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Page 4 Miscellaneous
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Miscellaneous45 1989-07-01 4 wt fiH Max/ Note Adoloid* Aimtordom ti-l|-| p. MPDOWnt M«ilco Dry Now MM Now York NteosJo Oito Fori* Parlh Rio 'Jonoiro Rom* San Frh'co San J von Santiago SaowJ Stockholm Sydney Tofpoi Tokyo Toronto Vancouver Vlonna Warsaw \A/ r .iil.l nt n n YV osringTCXi45 words
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Miscellaneous65 1989-07-01 4 Doonesbury UEU., JACK. MOMBNTS A6Q THzenpeANP&voMieFT THE 6ROTK) ANP REWUN&P TO VG MANSION. IHS6UdSTB, MEANHHJLe, HMZ FANN6P OUT OWrHZ6*CUNPSANPAR& kiINGUN6 UHTH THE ANIMALS... IT 17 t i*zwi mMM r i 'mmmm mwto. r/ a. ST: .1 BY GARRY TRUDEAU WTA WWTS... THE CDUPLB OUT ON The BALCONY NOW... KlMBetlSf APPEARS65 words
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BANKING AND FINANCE
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172 1989-07-01 5 THE BANK for Foreign Economic Affairs of the USSR (BFEA) hopes to establish a closer relationship with banks in this region with the signing of a US$75 million note issuance facility (NIF) yesterday. Mr Eduard P Gostev, deputy chairman of BFEA, told BT172 words
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74 1989-07-01 5 MALCOM BURNETT will replace Colin Duncan as the chief operating officer of Hongkongßank (Singapore branch) with effect from today. Prior to his new appointment, Mr Burnett, 42, was the manager of corporate banking at the Singapore branch. He has been with HongkongBank74 words
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464 1989-07-01 5 Reuter A DRIVE by Mauritius to set itself up as an offshore banking centre has so far only attracted a trickle of interest as financiers have still to be convinced that there will be no burden of overregulation, bankers in Port LouisReuter - 464 words
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296 1989-07-01 5 Reuter A DECISION last month by the world's two largest futures exchanges the Chicago Board of Trade and the Chicago Mercantile Exchange to develop a joint automated trading system has stirred resentment at the New York Mercantile Exchange. Nymex chairmanReuter - 296 words
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Article, Illustration321 1989-07-01 5 SOH TIANG KENG - By SOH TIANG KENG THE UNITED Overseas Bank has recruited a veteran forex dealer, Michael Phua, to take charge of its treasury operations in London, barely three months after hiring C Mukundan as treasury head of its Australian merchant bank. Mr321 words
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470 1989-07-01 5 Reuter RISING European interest rates are unlikely to deflect the Federal Reserve from relaxing US credit next week if the economy shows further signs of weakness, according to economists. Past rate increases in Europe have often fuelled speculation of matching moves by theReuter - 470 words
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Article110 1989-07-01 5 AFP FINANCE Minister Tatsuo Murayama yesterday ruled out any immediate increase in the Bank of Japan's discount rate following Thursday's interest rate hikes by Western European central banks. Mr Murayama, queried on the European increases, said he was not in a position to comment onAFP - 110 words
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COMMODITIES
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Article193 1989-07-01 5 Chinese Produce Exchange Sellers' noon dosing prices on Juno 30 (SS/100 kg) Coconut oil Bulk FOB 105.00 Old drum FOB 115.00 New drum FOB 119.00 Copra Mixed (loos*) 61.00 sellers Pepper Muntok whit* FOB NLW 507.50 Sarawak whit* FOB foq NLW 497.50 Sarawak special black FOB NLW 380.00193 words
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Article261 1989-07-01 5 London 1 Commodity Exchange Buyer/Seller closing prices < on June 29 (£/tonne unless 1 specified). Previous closing prices in parenthesis. Coffee Basis in-stor® London, sellers option CIF London Jul 1005/1008 (1024/1025) High/Low 1043/985 Sep 1005/1010 (1010/1011) High/Low 1028/965 Soles (4238) Cocoa Jul 821/822 (831/832) High/Low 828/821 Sep 847/848261 words
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Article211 1989-07-01 5 CHICAGO Board of Trade soybean futures ended lower across the board on Thursday, pressured by weakness in wheat and long liquidation. News that the US House of Representatives had approved new sanctions against China because of the military crackdown there undermined wheat, which in turn dragged down other markets.211 words
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Article151 1989-07-01 5 Telerate FUEL OIL prices were little changed in the Singapore market of light trade. Buy indications for July CST-180 are at $84-86 mt fob/cif Sing while sell prices are notionally around $88 mt. Short term market sentiment is seen as flat and players are preferring toTelerate - 151 words
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Article548 1989-07-01 5 Reuter MALAYSIAN CRUDE PALM OIL prices extended their losses at the close on persistent selling yesterday, in sympathy with falls in palm oil futures and Chicago soyoil futures overnight, dealers said They noted operators liquidating more positions in the absence of fresh export business, after India and PakistanReuter - 548 words
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Article144 1989-07-01 5 Reuter THE Kuala Lumpur Tin Market (KLTM) closed steady yesterday at 26.50 ringglt a kg. L| a »—a- m ,11, I- in I ontt trading ni •Jon, turnover settled at 99 tonnes after bids opened at 105 tonnes, with European traders taking moet of the disposal. A fiveReuter - 144 words
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Article325 1989-07-01 5 SINGAPORE: RUBBER prices closed steadier yesterday with July 1 RSS buyer quoted at 181.75 cents a kg, up 0.75 cent from Thursday's close. Dealers said prices rebounded in the afternoon on late short covering interest in thin trade. Sentiment was cautious ahead of the weekend. On the TSR-20 Award325 words
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Article81 1989-07-01 5 (canti/kg) JlAY 1989 AUGUST 1989 (currant month) (forwor d month) NOON NOON RAS |gy«ri S*Uan •uyart r -ii J®''®'! SSI 30 150.50 152.50N ISO JO 152 JON SSI 50 148.50 150.50N 148.50 150 JON MRELB •wy«n lvy«rt S*ll«ri SMI CV 240.00 242.00N 242.00 244.00N SMI I 242.0081 words
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Article265 1989-07-01 5 RAS prices m s ewMg, FOB m telM NOON CLOSE Buyers Sellers Buyers SeHers Int 1 RSS Prompt 182.00 183.00N 183.25 184.25N Int 1 RSS July 89 180.50 181.50 181.75 182.75N Int 1 RSS Aug 183.00 184.00 184.25 185.25N Int 2 RSS OP 179JO 181.50N 180.50 182JON265 words
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Page 5 Advertisements
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Advertisement74 1989-07-01 5 SINGAPORE-BERLIN INTERFLUG-A3lO Starting July 2, 1989... on our SINGAPORE BERLIN route with an INTERFLUG-A 310 the newest member of our fleet. Departs: Tuesdays and Sundays 19.10 IF 721 Connections for Bangkok. Dubai, Moscow, Budapest. Copenhagen and Amsterdam. For information and reservations: INTERFLUG Town Office, 11 Cavenagh Road Holiday Inn Park74 words
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MONEY AND EXCHANGES
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Article1612 1989-07-01 6 SINGAPORE: The US dollar closed mixed yesterday, higher against the yen and lower against most European currencies, after active and choppy trading, which saw another round of Bank of Japan (BOJ) dollar sales. The dollar rose to 144.00/10 yen from New York's 143.75/85 close, but eased to 1.9545/551,612 words
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Article322 1989-07-01 6 HONGKONG: GOLD closed little changed in moderate choppy trade yesterday. Japanese selling depressed the metal to touch the day's low at U*****.80/371.30 at noon. Bullion ended at U*****.20/70 an ounce against an initial U*****.30/80 and compared with New York's Thursday close of U*****.20/70. Locally, gold fell HK$45 to322 words
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Article164 1989-07-01 6 Gold futures on June 29, 1989 100 troy ounces. (JSS per troy ounce Opon High Low S«ltl« Jul 371.20 -5.80 Aug 379.00 383.00 373.10 373.90 -5.30 Oct 383.50 385.90 377.00 377.90 -5.40 OK 387 50 391.50 381.00 382.00 500 F«b 90 392.40 392.40 387.00 386.10 -5.40 Apr164 words
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Article518 1989-07-01 6 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened 24 ticks higher than previous Simex close at 91.51 on speculation that the Federal Reserve will ease monetary policy further. The September contract traded to a high of 91.53 before profit-tak-ing took the contract to a low of 91.45 before settling atBA Futures - 518 words
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Article63 1989-07-01 6 THE OVERNIGHT rate on the Singapore money market fell by 3/4 yesterday to close at 4K. Twoand three-month rates fell by 1/16 while the one-month rate remained unchanged. S$ Interbank rates at the close yesterday; oww wo OwnigM 4 1/2 4 1/4 S 5/16 S J/16 2-4MMH S63 words
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Article98 1989-07-01 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity KID OFFER HK5H LOW 3 months 8Q*****T 28.09.89 4.00 3.95 4.05 3.97 6 months BS*****H 23.11.89 4.00 3.95 1 yoor BY*****F 24.05.90 4.25 4.20 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate WO98 words
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Article1214 1989-07-01 6 CURRENCY FUTURES OPTIONS Friday, June 30, 1989 DEUTSCHE MARK (SIMEX) N NNtl MmM Lm Saa N Mffc .ttp*. Low taa S3 144 S3 209 S4 206 JAP A) NESE YEN (SIMEX) Htgft 1 tt can* Law tat 1 1 taa 79 519 CURRENCY FUTURES OPTIONS IMM Thursday, J una1,214 words
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Article256 1989-07-01 6 Reuter MOST currency futures moved higher in early trading on Thursday, buoyed by an increase in European interest rates. West Germany's decision to raise its Lombard rate sparked short-term rate rises overnight by several European central banks, including those of Switzerland and France. The Dutch and Austrian central banksReuter - 256 words
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Article373 1989-07-01 6 Reuter ASIAN dollar deposit rates closed at their opening levels yesterday, with trading in the afternoon on a quiet tone, dealers said. The market now awaits today's release of US May factory goods orders at 1400 GMT, which are expected to show a drop of about twoReuter - 373 words
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Article, Illustration171 1989-07-01 6 Km prime 12 ma|or banks In B'por* Interbank market rataa (offer/bid) on June 30 uss DM SWFC Y«n 7 dayi j/i i/a 1) 3/4 13 1/3 7 7/« 7 5/1-7 3/t JJ/I —J 1/4 1 Mk 7/1* 3/1* 14—13 7/i 7 1/1* 13/1* 7 1/3 7 3/t171 words
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COMPANIES & STOCK MARKETS
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433 1989-07-01 7 WILLIAM CHIA - By WILLIAM CHIA HUME INDUSTRIES (M) Bhd, which just withdrew its controversial bid for Multi-Purpose Holdings Bhd (MPHB), has revised the terms of its proposed rights issue. Hume is now seeking the approval of the Capital Issues Committee (CIC) to go ahead433 words
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404 1989-07-01 7 TWO WEEKS AFTER agreeing to buy French department store Printemps for $4.2 million, Hotel Properties Ltd has made further forays into the retail trade with another proposed acquisition. Hotel Props said yesterday that its wholly-owned subsidiary HPL Singapore Re404 words
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349 1989-07-01 7 HOTEL TAI-PAN Ltd's (HTP) proposed one-for-four bonus issue has been turned down by the Stock Exchange of Singapore. Accordingly, the proposed increase in authorised share capital by $50 million to $125 million to accommodate the bonus issue would probably not take place. Chairman349 words
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275 1989-07-01 7 C C Ltd confirms interest in KL Merlin stake CYCLE CARRIAGE Ltd has confirmed that it intends to acquire the Kuala Lumpur Merlin Hotel and shopping complex through a joint venture company. This followed a BT report on June 21 that the well-known distributor of Mercedes Benz cars was forming275 words
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Article294 1989-07-01 7 METAL BOX Singapore Ltd is to lose its chairman, Dr Phay Seng Whatt, who has held the post for some 11 years. In its latest annual report, Dr Phay said he has decided to retire from the board at the group's annual general meeting to294 words
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Article, Illustration114 1989-07-01 7 YONG PUNG HOW has stepped down as director and deputy chairman of both Singapore Press Holdings Ltd and Times Publishing Ltd. SPH and TPL in separate statements yesterday said Mr Yong's resignation took effect yesterday. Mr Yong, a lawyer turned114 words
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363 1989-07-01 7 MAGDALENE NG - By MAGDALENE NG HATIBUDI SON BHD, a private company linked to Malaysia's ruling United Malays National Organisation (Umno), is said to have sold its entire SO per cent stake in United Engineers (M) for s substantial profit According to a report in363 words
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Article, Illustration629 1989-07-01 7 ANDREA BORCH - By ANDREA BORCH UPMARKET WATCH and Jewellery retailer The Hour Glass is moving into the food businees. It is teaming up with a local com-* pany to take over Singapore's own home-grown pizza chain Milano Pizza for $2 million cash.629 words
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SES
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Article, Illustration1086 1989-07-01 8 JOSEPHINE CHAN - by JOSEPHINE CHAN SHARE PRICES on the Singapore market fell yesterday as investors who had recently bought into the market turned profit-tak-ers. The overnight sharp decline of the Dow Index provided the best excuse. The Straits Times Industrials Index retreated 7.62 points to1,086 words
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Article394 1989-07-01 8 Managers' prices for JUv 1 3 OCBC-SIMBL Investment Savers Capital Fund 1 OS 107 i Singapore Unit Trust Savers Trust Fund 101 106 m T)» Commerce III 1 18' OUB Investment Mgt The Savings Fund S pore Prog Fund m S pore Sec Fund S pore Invest Fund394 words
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Article42 1989-07-01 8 JACKS INTERNATIONAL LTD: AGM at the Registered Office. 29 Joo Koon Road. Singapore 2262, on July 7, Friday, at 11am. UNIPHONE TELECOMMUNICATIONS BHD: 32nd AGM at 10 Jalan Tandang. Petaling Jaya. Selangor Darul Ehsan, on July 10. Monday, at 11am.42 words
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Article5974 1989-07-01 8 1989 High Low Tel Cod* Company Last Sale JUN30 OTVol (*000) Day High Low Last Q Buyer uote letter Gr*a Dlv Dlv C'vr Qr*s rid Net PIE M Cap SmM DEBENTURES, 1 IONDS, LOANS 284 45% 87% 66 71% 81% 17% 44% 94 86 86 71 905,974 words
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KLSE
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Article, Illustration3535 1989-07-01 9 MBT SELLERS made a comeback after three days of firm trading and share prices were marked lower at the Kuala Lumpur stock market yesterday. A broker said the prof-it-taking was not unexpected as there were still a lot of stale bulls around. Brokers contacted said theyMBT - 3,535 words
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REGIONAL MARKETS
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429 1989-07-01 10 ANSCOR AND RAMOS SIGN AGREEMENT AFP THE BATTLE for control of Asia's biggeat copper mining company has coma to an and with tha signing of an amicabia sattlamant betwsan two major Filipino groups. Tha Andrea Soriano Corp (Anacor) and a group lad by publishing andAFP - 429 words
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593 1989-07-01 10 Reuter AUSTRALIA'S largest company, The Broken Hill Pty Co Ltd. has full order books and a strong outlook after declaring its first Asl-billion-plus annual profit, chief executive Brian Loton said. The international steel, oil and resources group said earlier that net profitReuter - 593 words
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435 1989-07-01 10 Reuter INDONESIA'S largest cigarette producer, BAT, its market spirited away by producers of exotic cloveteden kretek cigarettes, will close Its Central Java factory today and move into the spice market. <, PT BAT Indonesia, 70 per cent owned by the UK's British AmericanReuter - 435 words
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179 1989-07-01 10 Reuter ANGRY Nippon Telegraph and Telephone Corp shareholders have placed the blame for the sharp fall of NTT share prices squarely on the involvement of executives in the Recruit share-for-favour scandal. "I sincerely apologise for having caused you great trouble over the Recruit issue," HaruoReuter - 179 words
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68 1989-07-01 10 Reuter JAPANESE car maker Mazda ia to invest US$2.5 i million in a vehicle assembly plant in Zimbabwe, the company's representative in Harare said on Thursday. Koji Kubota, general manager of Japanese trading firm C Itoh and Co, said the money would buyReuter - 68 words
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290 1989-07-01 10 Reuter TURNING one hundred years old next year, San Miguel Corp is riding the crest of a big expansion programme designed to double its size and boost its markets overseas. But it could run into problems. Company chairman Andres Soriano said theReuter - 290 words
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Article, Illustration545 1989-07-01 10 Tokyo Reuter SPORAOIC index-linked buying by trust funds rescued share prices from several troughs to close mixed in very thin trade yesterday after earlier lows. Jittery investors again held back as political uncertainty and its effect on the yen multiplied the number of Tokyo bears, brokers said. "It'sReuter - 545 words
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Article, Illustration552 1989-07-01 10 Australia Reuter AUSTRALIAN shares closed slightly easier yesterday amid an afternoon stampede of June expiry options-related trading, dealers said. The All Ordinaries Index closed 4.9 points lower at 1,518.8, but was well up from its earlier low at 1514.8 Dealers said position squaring by institutions on the closeReuter - 552 words
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Article, Illustration1322 1989-07-01 10 Hongkong HONGKONG share prices ended little changed yesterday as the market retrieved losses and gave up gains in a day of seesaw trade. The Hang Seng index ended 1.41 points lower at 2.273.91. The index's morning range of about 25 points narrowed to a slim five1,322 words
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Article155 1989-07-01 10 Reuter THE Stock Exchange of Thailand Index yesterday rose 1.85 points to 606.21 points on a turnover ot 17,793,277 shares valued at 1,432.12 million baht. s •AMI Ao Kham Thai Ayudhya In*—In* Bangkok Agro-tod Bangkok Bank a**® *£"**1. ovaroong Thai Wl i Cabta 412 41.90 ....•1.90 mReuter - 155 words
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Article187 1989-07-01 10 Reuter SEOUL STOCKS fell further yesterday with the composite index closing at 854.61. the lowest so far this year. "Current political and economic instability have cornered investors into selling their stocks." said one foreign securities analyst. "The outlook for the time being doesn't look like it willReuter - 187 words
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Article196 1989-07-01 10 Reuter BOMBAY share prices ended mixed in heavy trading yesterday for the new two-week account, marked by widespread buying by state-owned investment trusts, brokers noted. They said lower contango charges fixed for the business done in the two weeks ended Thursday buoyed the market at the start.Reuter - 196 words
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Article431 1989-07-01 10 Reuter TAIWANESE share prices rose slightly yesterday, but brokers said the market was still jittery about an on-again, off-again fraud probe that the government is using to cool the overheated bourse. The weighted index rose by 3.1 points to close at 9,205.06, but turnover slipped to NT568.09Reuter - 431 words
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Article170 1989-07-01 10 Reuter THE New Zealand share market ended a dull day lower after a session in which sentiment was affected by Wall Street's fall on Thursday. The Barclays Index fell 4.16 points to 1,924.17. "It was slightly weaker on the back of overseas markets." one broker said.Reuter - 170 words
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WORLD MARKETS
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Article, Illustration834 1989-07-01 11 New York Reuter CONCERN that the US economic slowdown may be more severe than expected drove Wall Street stocks sharply lower on Thursday for the second straight day. Blue chips posted their steepest drop since March 17. Traders said the sell-off was heightened by futures-relatedReuter - 834 words
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Article, Illustration924 1989-07-01 11 London Reuter LONDON share prices opened sharply lower yesterday after an initial markdown, on the back of a 46-point loss on Wall Street. Dealers said, however, there was very little selling pressure and prices showed signs of stabilising. At 0800 GMT, the FTSE index was 16.1Reuter - 924 words
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Article1396 1989-07-01 11 Reuter MILAN: Italian shares ended lower yesterday in moderate trading, with attention focused on the Fiat shareholders' meeting, dealers said. The meeting produced forecasts of higher operating profits and turnover for the group this year, as well es approval for the one trillion lire share buy-hack scheme.Reuter - 1,396 words
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544 1989-07-01 11 ALLEGED FAILURE TO DISCLOSE STOCK HOLDINGS Reuter THE US Securities and Exchange Commission has filed charges in US District Court against Singer Co chairman Paul Bilzerian and his partner shopping centre magnate Edward Deßartolo Sr and others. The suit alleges Mr Bilzerian engaged inReuter - 544 words
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Article, Illustration424 1989-07-01 11 Reuter LONRHO pic has renewed its assault on its largest shareholder. Australian businessman Alan Bond's Bond Corp Holdings Ltd. in a second major document about the group's finances. Among the claims in the 154page document are that Bond Corp has aReuter - 424 words
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649 1989-07-01 11 Reuter THE RISING US DOLLAR'S impact on US vehicle makers' overseas profits and a well-publicised sales slump are leading vehicle industry analysts to expect little improvement in second quarter earnings from 1968 levels. One day before the close of the quarter,Reuter - 649 words
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133 1989-07-01 11 FT DREXEL Burnham Lambert, the Wall Street investment bank which financed the heady growth of Integrated Resources, has stepped in to rescue the collapsing fi-nancial-services group with a cash injection of US$3OO million and a complex scheme to satisfy its creditors. The plan,FT - 133 words
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Page 7 Advertisements
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Advertisement547 1989-07-01 7 SINGAPORE'S PREMIER WATCH BOUTIQUE •Wk BARCLAYS PLC ITS SUBSIDIARIES HmkJ Offlca: 54 Lombard Street EC3P 3AH. Singapore Office: 50 Raffle 6 Place #23-01, Shell lower, Singapore 0104. Maxwell Road RO. Box 887, Singapore 9017. Tel: *****55. Balance Sheets at 31st December 1988 Barclay* PLC (ConeoHdated) Barclay* Bank PLC Investments in547 words
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Page 10 Advertisements
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Page 11 Advertisements
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Advertisement49 1989-07-01 11 SEEKER S GUIDE provides you with comprehensive, practical, step by step guidance on the entire process of job hunting. Features research on the prospective job and employer, r6sum6, letter of application, job interviews, common questions asked and checklist for that big decision. Available at all good bookshops STP Distributor*49 words
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Advertisement362 1989-07-01 11 NOTICES I*'A>:T COMPANIES ACT CHAPTER 50 AND ENPEES IMPEX PRIVATE r l ICIvTT 'AZI o'A VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of ENPEES IMPEX PRIVATE LTD duly convened and held at No. 1 North Bridge Road #1006/07 High Street Centred, Singapore 0617 on 20th Jane, 1989, the following Special362 words
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LATE FILE
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Article33 1989-07-01 12 AFP SUDANESE army rebels who carried out a coup yesterday have suspended the Constitution. declared a state ot emergency, and dissolved the government and the Constituent Assembly (Parliament). AFPAFP - 33 words
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Article47 1989-07-01 12 AP OOCTORS yesterday removed a transplanted kidney from former Philippine president Ferdinand Marcos, who was battling for survival with the aid of life-support equipment. Mr Marcos was semicomatose and dependent on dialysis following an operation at St Francis Medical Centre in Honolulu. APAP - 47 words
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Article46 1989-07-01 12 Bernama MALAYSIA continued to enjoy a trade surplus in the first quarter of 1969, but the figures went down by 19 per cent to M 52.43 billion when compared with surplus of M 52.99 billion in the same period of 1986. BernamaBernama - 46 words
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Article32 1989-07-01 12 Bernama CHAIRMAN of Indonesia's National Investment Board Sanyoto Sastrowardoyo yesterday denied reports that foreign investors prefer to invest in Malaysia, Thailand and the Philippines rather than in Indonesia. Berna-Bernama - 32 words
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Article48 1989-07-01 12 Bernama MALAYSIAN Deputy Prime Minister Ghafar Baba has directed the setting up of an apex co-operative to coordinate the business activities of about 3,000 cooperatives. He said that the cooperatives could invest in the apex cooperative, which could embark on various business ventures. BernamaBernama - 48 words
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Article32 1989-07-01 12 AP PRESIDENT Corazon Aquino yesterday accepted the resignation of her Land Reform Secretary Philip Juico and appointed Immigration chief Miriam Defensor Santiago to head the scandal-ridden department. APAP - 32 words
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Article56 1989-07-01 12 AP THOUSANDS of South Korean riot police firing tear gas stormed a university yesterday as radical students prepared to defy the government and march to a youth festival in North Korea. It was the biggest single police assault on a campus since President Roh Tae-woo cameAP - 56 words
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421 1989-07-01 12 AFP ASEAN foreign ministers will ask their major trading partners to keep world trade free of protectionism during talks next week, diplomats in Bandar Seri Begawan said yesterday. The appeals stem from Asean's fear that Western Europe and North America were being transformedAFP - 421 words
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Article88 1989-07-01 12 AFP JAPAN will propose the creation of an international body to aid the reconstruction of Cambodia at a meeting in Brunei next week of Asean nations and their Western partners, Japanese officials said in Tokyo yesterday. The officials said Tokyo expected the situation in Cambo- diaAFP - 88 words
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396 1989-07-01 12 JOHN TAN - LIKELY LIBERALISATION OF MULTIFIBRE ARRANGEMENT By JOHN TAN WITH THE likely liberalisation of the forthcoming Multifibre Arrangement (MFA), Asean textile exporters will be able to tap further major markets such as the United States. William Houston 111, s former US chief396 words
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284 1989-07-01 12 A .REGIONAL grouping of Asesn tsxtils snd gsrment makers was urged yesterday to set up a think-tank to help develop the region into a major exporter of apparel. Mah Bow Tan, the Minister of State for Trade Industry and Communications284 words
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322 1989-07-01 12 GENEVIEVE CUA - By GENEVIEVE CUA FLIGHTS between Singapore and Hongkong will be liberally expanded under an agreement reached between the republic and the British colony. Airlines of the two countries will be able to mount the equivalent of 25 more weekly Boeing 747 flights over the322 words
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239 1989-07-01 12 UPI, Reuter THE US HOUSE of Representatives on Thursday rejected President George Bush's cautious approach and unanimously approved economic sanctions against China intended to punish the communist regime for "slaughtering" pro-democracy protesters. Democrats and Republicans often divided on foreign policy brushed aside aUPI,; Reuter - 239 words
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Article83 1989-07-01 12 Reuter COMEX GOLD futures firmed early yesterday on bargainhunting demand amid a sentiment that Thursday's setback may have put the market in an oversold condition. In a quiet market. August rose US$2.6O at U*****.50 an ounce, nearly halving Thursday's loss of US$5.3O. Silver futures racked upReuter - 83 words
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209 1989-07-01 12 Bernama MALAYSIAN Finance Minister Oatuk Paduka Daim Zainuddin yesterday said that the value of the ringgit would remain stable given the country's current strong economic foundations. The stability of the local currency would help curb imported inflation and enable Malaysian exporters to compete moreBernama - 209 words
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Article117 1989-07-01 12 Bernama THE FEDERATION of Malaysian Manufacturers (FMM) has proposed that the corporate tax for firms which have at least 30 per cent bumiputra equity be reduced from 35 per cent to 25 per cent to encourage bumiputras to invest in the manufacturing sector. This incentive wouldBernama - 117 words
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Article113 1989-07-01 12 Reuter A BRITISH company has launched an insurance policy against Aids, saying that it provided unique cover. For a typical annual premium of £25, members of "risk groups", including doctors, policemen, plumbers and firemen, can insure themselves sgainst catching the disease, and companies can takeReuter - 113 words
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247 1989-07-01 12 EXPANDED Pacific economic cooperation will probably not extend to the creation of free trade agreements (FTAs), a senior US Administration official said in a Worldnet interview with Asean journalists on Thursday. Dr Richard Solomon, Assistant Secretary of State for East Asia and Pacific Affairs,247 words
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Page 12 Advertisements
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Advertisement10 1989-07-01 12 ■No 'Fortress Europe' planned, Wool Germany tolls Australia, PAGE 410 words
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Advertisement8 1989-07-01 12 Canadian (Mamma ovar raaponaa to China, PAQE 48 words
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Advertisement97 1989-07-01 12 mm. .CM .;<••■: i 'd'Vvl lifting the lid on a fresh Cantonese experience. Enter the Loong Yuen. One of Hong a i Kong's acclaimed Cantonese chefs, Fok Kam PzJ Tong, brings his expertise to Holiday Inn Park LAJL/INICj Jf View's newest restaurant. All the delicate mJENr pleasures of Cantonese cuisine97 words
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Executive Lifestyle
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Article, Illustration1199 1989-07-01 13 JAIME LYE - strangers they JAIME LYE meets an astrologer who says the best person to tell your fortune is yourself. JAIME LYE THE LAST TIME my horoscope said I would meet an interesting member of the opposite sex, I slapped on my make-up, grabbed my stilettos and ran smack into1,199 words
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Article449 1989-07-01 13 REMEMBER Dark) Regazzoni? He the man who ran a tight •hip at tha Omni Marco Polo Hotal (than Juat the Marco Polo) during tha glut yaara. From thara ha moved to tha 8hangri-La in Kuala Lumpur, and now ha is running tha upmarket Conrad Hilton in449 words
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Commentary
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Article, Illustration849 1989-07-01 14 THERE IS SOMETHING about news which makes comment absolutely necessary. From the simplest type of news an accident perhaps to the most complex, the progress of a political drama akin to what China is witnessing there is an acute sense of an ending in news. What happens,849 words
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Article, Illustration996 1989-07-01 14 SHOEB KAGDA - SHOEB KAGDA IT STRUCK ME as rather peculiar. That Singaporeans should use the pages of a foreign newspaper, that is the South Chins Morning Post, to debate the issue of showing solidarity with the student demonstrators in Beijing. On the home front,996 words
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Article, Illustration645 1989-07-01 14 JEFFREY TSANG - JEFFREY TSANG AMERICAN: Singapore's a fine city. It's beautiful, clean and green. It's like a park. Singaporean: Yah lah. Singapore's a fine city all right. We have fines for littering the clean ground, or for spitting on H. We have fines for picking the fruit645 words
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Article213 1989-07-01 14 Y B TEO - LCTfGrS to the Editor Y B TEO Dear Sir On June 22 this year, my family members purchased a state flag at the Bedok RC. This purchase has prompted two questions which I would very much like to ask the relevant authority. Question one. The213 words
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236 1989-07-01 14 ALAN TANG - SBCText call for relevant financial news ALAN TANG D«ar 8k I agree wholeheartedly with the observations made by DW Distant (BT, June 24-25) on the unimportant and irrelevant financial news that appears in SBCText (pages 261-263). Some of us have in fact written to SBC to request more relevant financial236 words
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Executive Lifestyle: Pursuits
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Article, Illustration893 1989-07-01 15 ZHOU MEI - For foreigner and native alike, China's 55 minority groups remain one of the country's best-kept secrets. But not for long, if one Singaporean gets his way. ZHOU MEI has the details. ZHOU MEI THIS CAN'T BE REAL: sprawled across a windswept plain along the coast of893 words
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Article344 1989-07-01 15 SAMUEL EE - DANCE By SAMUEL EE 'MOVE OVER, Electric Boogaloo the originals are here. Possibly the numero uno in breakdance, the Siberian Cossack Dancers whirled and twirled on stage at the World Trade' Centre for two nights last week. On Wednesday, it was a charity performance sponsored by the Keppel344 words
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912 1989-07-01 16 N K YONG - gj By N K YONG VINTAGE ASSESSMENTS from a distance are difficult. One is dependent on reports in the wine press, some of which can be quite misleading. Nothing takes the place of a personal tasting on-site. One of the spin-offs of VinExpo,912 words
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Article, Illustration611 1989-07-01 19 The big question is: If less is more', is 'nothing' more than less? More or less, thinks Stan the Streaker, who tries to shake SAMUEL EE off his tail as he struts his stuff in... r 1 IMES ARE HARD. To own a designer label these days,Pictures by PEE KRAINZ - 611 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration880 1989-07-01 17 RICHARD SEAH - HEALTH By RICHARD SEAH NUTS do not have a good reputation. They are high in calories. Fattening. Eating too much of it makes one feel bloated and lousy inside. It might bring on a sore throat the next day. And. by Chinese reckoning, nuts are heaty It may880 words
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Article, Illustration727 1989-07-01 17 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY THE SCBA has advised that the Jumabhoy Trophy Tournament which was scheduled to take place between Kuala Lumpur and Singapore today and tomorrow has been postponed because the Kuala Lumpur players are unable to come down to Singapore this weekend.727 words
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404 1989-07-01 17 NG PENG HUI - MUSIC By NG PENG HUI THINK HARVARD and you think Ivy League, Wall Street, high-flying corporate takeovers. But 12-part harmony? That's the Harvard Krokodiloes for you. One dozen members of an a capella choral group who wish to be remembered more for their404 words
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Article234 1989-07-01 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG THERE IS SOMETHING rather fascinating about the mango fruit. Its appearance, probably. Firm, well-shaped and supple. And refreshing, too. We sampled an imaginative concoction of cold mango soup at the Harbour View Dai-lchi Hotel's Claret Grill. Fairly sweet, the stock was creamy,234 words
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Article777 1989-07-01 17 JUANITA SHAKILA - Compiled by JUANITA SHAKILA STAGE PERFORMANCES: La Salle Baroque Player* 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 and777 words
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Article1059 1989-07-01 18 HARISH MEHTA - BODY LANGUAGE By HARISH MEHTA Teri ankhon kay siva duniya main rakha kya hai. (Except your eyes there is nothing worthwhile in this world.) Hindi love song. FROM LUCKNOW to Langkawi. many a fan of the Hindi cinema in the '60s rejected The Beatles' worldwide call:1,059 words
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Article, Illustration496 1989-07-01 18 BOOKS The Temple and The Lodge By Michael Balgent and Richard Leigh 306 pages Jonathan Cape Reviewed by SAMMAO REJAB TOPLESS WOMEN, UFOs and conspiracy theories have long been sure-fire hits in tabloids and trashy magazines for the bored and the brain dead. But496 words
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SHORT TAKES
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Article235 1989-07-01 18 AFTER "Confessions of Three Unmarried Women" in May, Bibi's Theatre Pub now presents their second play entitled "Bibis Die Hard". But if you think this is going to be a gripping thriller with a nonya star in place of Bruce Willis, think again. This 75-minute musical-come-dy centres235 words
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Article211 1989-07-01 18 Hey, we really chia-kow-pun must ask them to put more aircon cheap lah must come again when? next weekend Barring anr understandable inability to understand that, it could be something you will hear at your next poetry-reading session. It's an excerpt from a poem by Lin Hsin Hsin.211 words
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Article, Illustration522 1989-07-01 18 JERRY YAP - CINEMA By JERRY YAP VAMPIRES, ruthless as they might seem, still have a code of ethics to live by. Rule One: a female victim can be attacked without consent. Rule Two: a male victim must be seduced unless, of course, he's an extra. Rule Three: leading522 words
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Article, Illustration718 1989-07-01 18 Roger Loh - Roger Loh FOR MANY 60s acts, the revival circuit is the only means of steady income. Long retired black acts like Merry Clayton and the Contours are now finding renewed success, especially since a new generation of youngsters have learned to dance dirty. In718 words
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Executive Lifestyle: Personal Investment
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Article, Illustration1070 1989-07-01 20 JEFFREY TSANG - CARS By JEFFREY TSANG CARS ARE GREAT. They are useful, convenient, fun. They are a symbol of prestige, of one's station in life. And to many, they are also an extension of their personality, a manifestation of their good taste. Cars can even be1,070 words
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692 1989-07-01 20 MICHAEL BENSON; MARC FABER; LEON BRAND - Three international investment strategists put their minds to the attractions of Asia MARC FABER of Drexel Burnham Lambert, Hongkong, takes a contrarian trip through the territory's ravaged stock market, while Merrill Lynch's LEON BRAND decides he is bullish about stocks and Singapore. And692 words
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Article, Illustration469 1989-07-01 20 MERRILL LYNCH market specialist for international markets Leon C Brand is predicting that the Singapore stock market will hit a new high within the next six months The recent turmoil in China has eroded long-term investment confidence in Hongkong. This, he says,469 words
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Article, Illustration356 1989-07-01 20 THE PACIFIC BASIN economies, led by Japan, are likely to be the future centre of economic power, says the managing director of Scimitar Asset Management Ltd, Michael Benson. Japan, with its buoyant economy. is expected to take over the United States' role as the356 words
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Article, Illustration754 1989-07-01 20 PAULINE GOH - PROPERTY PROSPECTS By PAULINE GOH ly. By PAUUME QOH, a director (commercial agency) with Richard Ellis (Pte) Ltd. PI begins today a fortnightly column on property. Experts from international property consultants Richard Ellis Pte Ltd will offer their views and advice onSource: Richard Ellis - 754 words
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Article, Illustration182 1989-07-01 21 GOOLA WARDEN - -By GOOLA WARDEN TECHNICALLY, the market s consolidation appears to be behind us and the Straits Times Industrials Index, (now at 1308), should continue its upclimb. It has broken out of a congestion (ab on Chart 1) and has an upside potential ofSource: OUB Securities - 182 words
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Article601 1989-07-01 21 JAMES SEE - WATCHER By JAMES SEE, dirwctor, Kim Seng S+curiti*a Pfr Ltd FRASER NEAVE Bond and Warrant Issue Comment: Keenly priced, high gearing and excellent parentage are attractive features. Rather demanding conversion premium and "heavy weight" nature may thwart individual participants; a bull market instrument. Details: Official announcement601 words
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Article, Illustration974 1989-07-01 21 AMY BALAN - MARKET OUTLOOK By AMY BALAN ARE THE best price increases behind us or is the best yet to be? This is the stock question today. As companies and investors celebrate a half-year of exceptional growth in profits, they must also be pondering over the outlook974 words
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Article, Illustration415 1989-07-01 21 ANDREA BORCH - By ANDREA BORCH BULLISH SENTIMENT has joined forces with computerised trading to lift turnover on the Stock Exchange of Singapore to record levela in the first half of 1900. For the first six months of the year, volume reached 10.06 billion units worth $17.11415 words
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Article377 1989-07-01 21 r Pricee (aa at 30.6.89) Conversion terms Premium/ (diecount) using Company Conv Exer Optionel" txpiry wrmmm Share Ln etk Ln etk nom value Cash Cash 1 Lnstk 1 Gearing 3 H ratio price mtha left C K Tang 16.9 2.620 4.740 1.00 2.25 3 1.81 31.5.90377 words
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449 1989-07-01 21 MBT THE FOCUS of capital market development in the next few year* will be on the Kuala Lumpur; Stock Exchange (KLSE) aa anemerging market with potential to attract both local and foreiga investments. According to the Mid-Term Review of the Fifth Malaysia] Plan, theMBT - 449 words
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Executive Lifestyle: Sports
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Article, Illustration726 1989-07-01 22 WIMBLEDON UPI THIRO-SEEOED Boris Becker sped to a straight sets victory in a rain-delayed match on Thursday. but No 5 John McEnroe had to struggle through four sets to beat Richey Reneberg in the second round of the UStt.3 million Wimbledon Tennis Championships. McEnroe, Wimbledon champion inUPI - 726 words
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402 1989-07-01 22 CHARLES SAVAGE - -t»y CHARLES SAVAGE ABOUT 70 CAR LOVERS will use Porsches for torches tomorrow when they search for the Snake Trail. The name of the event changes with the Chinese horoscope, but Ng Chin Khoon, Stuttgart Auto's general manager, has a problem of what to402 words
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391 1989-07-01 22 A SURENDREN - By A SURENDREN SINGAPORE'S men's tennis team will be in action at the Ghaffar Cup in Kuala Lumpur from July 26-31. Another possible piece of good news is that national women's champion Lela Zainal may be able to train with391 words
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Article, Illustration637 1989-07-01 22 JEROME FANDOR - OM TMCK With JEROME FANDOR COLONIAL CHIEF is the punters" favourite for tomorrow's 56th running of the Singapore Gold Cup. The richest race of the year is worth $400,000 in stakes and is rightly the blue riband of our turf. It has been won by such637 words
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338 1989-07-01 22 A SURENDREN - BOWLING by A SURENDREN THE LEGACY of Victor Tham continues with the Perfect 10 Victor's Superbowl Bowling Competition to be held on Saturday, July 15. Victor had started the idea for a competition tying in national bowlers. Singapore Broadcasting Corporation stars and338 words
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322 1989-07-01 22 CYCLING AFP THE Tour de France stands apprehensively at a crossroads as the 198 riders take off today for cycling's greatest road show. The scandal of Pedro Delgado's positive dope test that incredibly wasn't left an indelible stain on lastAFP - 322 words
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Article, Illustration580 1989-07-01 22 CHARLES SAVAGE - GOLF By CHARLES SAVAGE POH EING CHONG faltered, the Thais charged, but it was American Jay Nichols who walked out of the smoke to a round of cheers and the Yokohama Classic in Jurong yesterday. Two-day leader Eing Chong, who is first on the580 words
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Article, Illustration496 1989-07-01 22 AP CHIP BECK, seeking a special present while delaying his honeymoon, shot a 7-under-par 65 on Thursday for a 1-stroke lead in the US$l million Western Open Golf Tournament in Illinois. Beck, who was married last Saturday to Karen Thompson, had aAP - 496 words
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339 1989-07-01 22 AFP JOSE-MARIA OLAZABAL shot a four under 66 to take the lead in the French Open in Chantilly and then promptly complained about his poor putting on Thursday. "I haven't putted well all year," complained the 23-year-old who, despite his problems, has managed toAFP - 339 words
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Executive Jobs
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Article, Illustration819 1989-07-01 23 SHOEB KAGDA - THE BIG By SHOEB KAGDA AFTER HAVING SPENT 18 years with one company, Mr Peter Tan did not think he would move on, especially to a rival multi-national. But moved he did. Molex offered him an opportunity to run a819 words
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Article, Illustration1506 1989-07-01 23 TAN KEE WEE - Good and bad employers exist, but what about glamour employers? If they do exist, is it their mystique or their unique management that draws job-seekers to them? Executive Lifestyle ferrets them out in a new series, beginning with Citibank. TAN KEE WEE1,506 words
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Article, Illustration705 1989-07-01 23 TYE KIM KHIAT - PROFILE By TYE KIM KHIAT THE PROPERTY MARKET is going great guns just now. So is Professor Philip Motha. aged 63. After decades of expounding theories on property and real estate management within four walls, he is eager to put his ideas to work705 words
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Article, Illustration908 1989-07-01 23 SHOEB KAGDA - By SHOEB KAGDA SOME years ago, a Shanghainese president of a large electronics company in Hongkong was praising one of his senior managers for the good work and effort he had shown. But while praising him, the president paused and tried to recollect908 words
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Executive Lifestyle: Television
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Article, Illustration965 1989-07-01 24 ROGER LOH - SWITCHING With ROGER LOH SOME SAY there's nothing hotter than July. That may be true for the weather. But on television, July is a freeze-out. Unless you're a sucker for punishment, take leave of the boob tube and go on a965 words
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Page 13 Advertisements
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Advertisement22 1989-07-01 13 r «-T C r* i-"' -„>.. < r 1 1 fe s i T v-. fz%&. gyg Fl I&Jfc *"9 Shedding Style Page Seven22 words
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Advertisement16 1989-07-01 13 NEED A t HOUSING LOAN? i IO c. IT* 1 t **tr > <■ m, 6 i I16 words
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Page 14 Advertisements
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Advertisement85 1989-07-01 14 FOR SUCCESSFUL MANAGEMENT OF YOUR RUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful85 words
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Advertisement31 1989-07-01 14 BT welcomes letters from readers. Your letters must include your signature, lull name, address, and home and office telephone numbers, H any. H) house or flat from The Straits Times Classifieds31 words
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Page 15 Advertisements
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Advertisement72 1989-07-01 15 sats^ s ta nV*TO '•I- >*£»>.' i .V» JB jfff' > Issv V A V*'" ••V r.. *A X '7~'~r *r-■■-i ?-T *r KW r- •'«'< ~-> m. i «T ■'A 'v' >> *></ i -> '5« 'N V S3 J, ■&> S--r-- < NINARICCI tfcP PARIS K IS V72 words
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Page 16 Advertisements
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Advertisement323 1989-07-01 16 COURYOISIER VS.O.P-WHH2E TO IMLI lAIS 19 JUNE 1 JULY PALM GULL Experience the unique French cuisine of master chef Roland Durand from the famed Le Relate De Stvres restaurant at the Hotel Sofitei in Paris. First prize winner of many culinary competitions. Selected as a "Meilleur Ouvrier De France" Master323 words
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Advertisement220 1989-07-01 16 MING COURT HOTEL DIAN XIN BUFFET m j it. Our Dian Xin buffet lunch spread will also include authentic Cantonese dishes like Braised Beef Brisket in brown sauce, Red Braised Chicken in vinegar, Fried Black Fungus with shredded meat.... Enjoy rich wholesome Dian Xin specially prepared by our Hong Kong220 words
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Advertisement128 1989-07-01 16 TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN ET CH DELIGHTFUL HOT AND CXXD DISHES. A JAZZ BAND TO PUT YOU N A MERRY MORNING MOOO. EVEN A I£GO PLAYGROUND NEXT DOOR FOR THE SMALL ONES. BRUNCH AT NUTMEGS 6 AN OUTMG FOR THE WHOLE FAMH.Y. SUNDAYS ONLYI 1100128 words
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Advertisement247 1989-07-01 16 Mill TTf ill I I Ml m y i r t i f i a i i';y V'Vi"»Yg'«Yiy«y«y«Yiyi a ft •••>I a l XT" Northern Indian Buffet 1 15 July A feast of exquisite Mughlai and Kashmiri cuisine that includes naan and chicken fresh from the tandoor, delicately spiced curries,247 words
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Advertisement276 1989-07-01 16 BEIJING CUISINE AS NEVER BEFORE Savour authentic Braised Duck with Yeflow-Wine to your hearts content But remember to leave room for Beijing Vegetarian Goose. Drunken Chicken. Baked Tench. Shark s Fin with Crab Meat. Baked Lotus Paste Pie. Or any of our many choice offerings Its the Pine Courts renowned276 words
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Page 17 Advertisements
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Advertisement191 1989-07-01 17 r Eveky Sunday TheresA Family Feast In The Park. At the Hubertud Grill, Sunday brunch id a great outing for the family. A glorious buffet dpread id laid out for both grown upd and children. And to make dure the kidd are truly entertained, there'd an exciting Mattel playroom. Sunday191 words
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Advertisement23 1989-07-01 17 Prestige De La France Courvoisier is the only cognac house ever, to receive France's Highest Award for Quality. v 1 4 COGNAC COURyOISIER,23 words
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Page 18 Miscellaneous
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Miscellaneous760 1989-07-01 18 CRYPTIC PUZZLE ACROSS 9 In his job he may be able to save a lot (9) 10 Be better as a form than? (8) 12 Got even with, or fixed (4) 13 The woman's covered the front seats (6) 14 Tell one on return it's French and an island (7)760 words
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Page 21 Advertisements
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Advertisement23 1989-07-01 21 BT welcomes investment ideas and viewpoints from readers. Address correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.23 words
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Page 23 Miscellaneous
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Miscellaneous47 1989-07-01 23 BriStOKT: Faux lacfcar£ GENTI£. ReftDCR L£T Vr: OS fee? Round "me II Docß Of ft J~ chcstcr- PggRW LM?/... jf DPRUNG WHAT'S URO^G>"? a fa tTAMOAMO CO. LTD, 11 p(?cADruu »itGvrrmAo£.. i i OAS Su)»TVtfn»MG W A Beou)M UQVJ\D, SAVING BOUND *nd ROUND TVJCN so MO<3?lgU£ HORRIBI£47 words
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Page 24 Miscellaneous
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Miscellaneous586 1989-07-01 24 BMmi of Alcatraz, Today, 11.05pm, SBC 5 Burt Lancaster is the Birdman of Afcatraz, the prisoner in solitary confinement for murder. A -sickly sparrow gives him a new lease of life and he goes on to become a self-taught ex'pert on birds. A John Franken--heimer film also starring Telly Savalas,586 words
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Miscellaneous2618 1989-07-01 24 SATURDAY' C: Chin*—; T: Tamil; Malay; r rapaat SBC 12 PM Opening and Programme Highlights followed by Bodywatch A Hair Raising Experience. Bookvbions: Jude The Obscure To Christminster (r. Pt 2). Jude goes to Christminster and works there as a mason. He meets his cousin, Sue Bridehead. and they become2,618 words
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Miscellaneous240 1989-07-01 24 m 9.30pm, SBC 5 In The Wider Spirit of Family, the Advisory Council looks st how working parents cope with their children's needs and how it can help the family unit. Its work in fostering s more cohesive and caring society is also examined. A Meskal Jesrscy, Today, 9.00pm, SBC240 words
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