The Business Times, 27 October 1989, Afternoon Edition
1989-10-27
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The Business Times
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Title Section12 1989-10-27 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, October 28-29 1989 75 CENTS12 words
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Article758 1989-10-27 1 LOH HUI YIN,ELAINE KOH - DAIM'S ANNOUNCEMENT OF SPLIT JOLTS MARKET By LOH HUI YIN,ELAINE KOH THE MUCH-ANTICIPATED split between the Stock Exchange of Singapore and its Kuala Lumpur counterpart two bourses which have been described as "Siamese twins" has materialised. Malaysian Finance Minister Datuk Paduka Daim Zainuddin, who announced the758 words
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Article, Illustration220 1989-10-27 1 REGIONAL stock markets lost ground yesterday, following Wall Street's poor overnight showing. Share prices in the Singapore stock market fell again in trading characterised by lack of direction. The Straits Times Industrials Index lost 11.15 points to 1,319.27, while the Business Times Composite Index declined 9.94220 words
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Article62 1989-10-27 1 AFP NIGEL LAWSON's resignation late on Thursday as Chancellor of the Exchequer hammered the financial markets in London yesterday. The stock exchange and the pound headed down despite Bank of England intervention. After a sharp 40-point opening fall, shares were still in a deep depression at mid-day, withAFP - 62 words
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Article, Illustration402 1989-10-27 1 AFP BRITAIN'S Conservative government was trying to pick up the pieces yesterday following the shock resignation of Chancellor of the Exchequer Nigel Lawson on Thursday. The crisis, which sparked a cascade of job changes at the top of the CabinetAFP - 402 words
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173 1989-10-27 1 THE BRITISH POUND yesterday plunged against other major currencies, including the Singapore dollar, following Thursday's shock resignation of Britain's Chancellor of the Exchequer Nigel Lawson. The news hit Britain at 1700 GMT on Thursday (Singapore time: lam on Friday), after London markets had closed. In173 words
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Article, Illustration552 1989-10-27 1 MAGDALENE NG - CROSS-INVESTMENTS WILL FORGE CLOSER TIES By MAGDALENE NG SINGAPORE AIRLINES has entered into s strstegic alliance with US-baaed Delta Air Lines in a deal worth US$36O million end in which the companies will buy a stake in each other and develop Joint552 words
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Page 1 Advertisements
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Advertisement253 1989-10-27 1 Nikon fHinin issanhlr In# fVOna I rwwm rTWOyipnc oyntm. Hi, h E K mL |BBL Sltar sawy Page One Are we educating our children? Page Two ■ran Tasting portions, testing patience Page Three Chicken curry days Page Three Matching Asian cuisine with wines Page Five ■mh Keep fair free from253 words
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Advertisement10 1989-10-27 1 So long, ma'em It waent nice knowing you, PAGE TWO10 words
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Advertisement31 1989-10-27 1 BACK PAGE: KL to raise spending by 11pc ■Special sum of Ms92m allocated to tourism Mora reports, PAQE 3 Full report PAGE 6 Reg markets, PAGE 8 World markets, PAGE 931 words
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Advertisement173 1989-10-27 1 Nikon The Wbrtd'aßneat PhotoyapNc Syatem. Financial News Summary: BACK PAGE There Are Those Who Recognise The raft Of Gerald GenU. And There Are Unae Can Also Afford ft. The watchmaking genius of Gerald Genta is encased in every timepiece he designs. Each is a treasure. And each carries his name173 words
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Advertisement24 1989-10-27 1 A great my to grow, The ttee that bind Delia la fend on laying chairman, PAGES BAGH la wNhdraw Irom next yam, BACK PAGE24 words
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HOME NEWS
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392 1989-10-27 2 SHOEB KAGDA - SHARE OF GNP EXPECTED TO RISE By SHOEB KAGDA THE construction industry, far from being a sunset industry, has the potential and ability to increase its share of Singapore's gross national product (GNP), said Dr Cham Tao Soon, chairman of the Construction Industry Development392 words
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97 1989-10-27 2 MORE pre-university students will be able to apply for Public Service Commission (PSC) scholarships for coursee at foreign and local universities. The number of scholarships will be increased to between 300 and 350 annually, as compared with an average of 230 scholarships awarded in97 words
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386 1989-10-27 2 MARTIN SOONG - By MARTIN SOONG THE TIGHTLY-GUARDED work and mission of the Defence Ministry's Defence Science Organisation was disclosed publicly for the first time yesterday by Trade and industry Minister Brig-Gen Lee Hsien Loong. At the opening of the DSO's new $12 million headquarters386 words
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336 1989-10-27 2 UNION MEMBERSHIP is slipping and it looks like the recruitment drive is running out of steam, said Ong Teng Cheong, secre-tary-general of the National Tradee Union Congress, yesterday. Membership peaked at 210,000 early this year, but has since fallen by 3,000 as336 words
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243 1989-10-27 2 ANNA TEO - By ANNA TEO FRENCH Prime Minister Michef Rocard has invited Mr Lee Kuan Yew to pay an official visit ta?' Paris next year to exchange- views. The invitation was conveyed by the visiting Minister of State for International Cultural Rela-i tions, Thierry243 words
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239 1989-10-27 2 A NEW Institute of Health serving like a one-stop fsmily heslth shop will spearhead the national health promotion effort, the Acting Health Minister announced last night. Mr Yeo Cheow Tong says that the propoeed institute, expected to be ready in early 1994, will239 words
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289 1989-10-27 2 JOHN TAN - By JOHN TAN JAPANESE tool-and-die maker Takara Engineering (S) has set up a plant to produce state-of-the-art machinery for the semiconductor industry, with investments of more than $19 million planned. The investments, which will be spresd over the next three years, include its new289 words
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163 1989-10-27 2 SINGAPORE and the United Arab Emirates have agreed to eliminate double taxation of income ariaing from each other's international air tranaport activities. The United Arab Emirates will exempt from tax income derived from international operation erf aircraft by Singapore air transport enterprises, and vice versa.163 words
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204 1989-10-27 2 AMERICAN carburettor maker Walbro is expanding its Singapore operations, which will become the group's single largeet manufacturing plant for one type of carburettor. By next March, Walbro will have invested $15 million in Singapore and the local plant will within next year account204 words
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Article39 1989-10-27 2 THE governments of Singapore and Mauritius have agraad to as*, tabllsh diplomatic tiea at ambassadorial laval in ordar to strengthen and develop friendly relations between the two nationa, the Ministry of Foreign Affairs snnounoed yesterday.39 words
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COMMODITIES
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Article154 1989-10-27 2 Telerate PRICES slipped lower in light dealings yesterday. Sentiment was bearish following the WTI-S dip below U5519.50 bbl and talk of ample supplies. Bids for CSTIBO cargoes were at US$B3-US$94 per tonne fob Sing. With offers around US$2 per tonne higher the differantial between CSTIBO andTelerate - 154 words
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Article201 1989-10-27 2 London Commodity Exchange Buyer/Seller dosing prices on Oct 26 (£/toone unless specified). Previous dosing prices in parenthesis. Colt— Basis In-storo London, seders option OF London Nov 690/695 (723/725) High/Low 723/689 Jan 660/662 (682/684) High/Low 687/660 Soto (4447) Cocoa Doc 706/708 (726/727) high/Low 727/698 Mar 689/690 (701/703) KNgh/low 704/684201 words
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Article201 1989-10-27 2 THE Kuala Lumpur Tin' Mart at (KLTM) retreated on poor damand to close 33 canto lower at M 120.22 a kg yesterday, brokers said. The tall reflected looses on the London Matal Exchange (LME) on Thursday, with buyers front Europe, Japan and Malaysia only appearing at the lower201 words
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Article194 1989-10-27 2 Chines* Produce Exchange Stllin' non cMny pricti on October 27 (SI/100 kg) Coconut oil Bulk FOB 91.00 Old drum FOB 101.00 Now drum FOB 105.00 Copra Mixod (loos#) 52.00 Mlkrt Poppor munro* WTWTI FOB NLW 490.00 Sarawak wNt* FOB faq NLW 480.00 Sarawak ipadal black FOB NLW 400.00194 words
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Article349 1989-10-27 2 RAS prices In t c*nte/kg, FOI In bntoc NOON CLOSE ftuyors Slltiri Buyin S*B*ri Int I RSS Prompt 160.50 161.50N 160.75 161.75N Int 1 RSS Nov 162.00 163.00 162.25 163.25 Int 1 RSS Dk 165.50 166.00 165-50 166.00 Int 2 RSS OP 160.00 162.00N 160.00 162.00N Int349 words
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Article95 1989-10-27 2 NOVEMBER Chicago Board of Trade soybean futures ended 1/2 cent higher at U555.66-1/2 a bushel on Thursday. Other months were up 3/4 cent to 1.0 cent lower. "Commercial buying helped turn the market back around on light volume," after it had drifted lower through mid-session, a trader said. Continental95 words
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Article325 1989-10-27 2 SINGAPORE: Rubber prices closed firmer in moderate trading with November 1 RSS buyer quoted at 162.25 cents a kg yesterday. Prices rose slightly in the afternoon, extending early gains on weekend short-covering interest. Sentiment waa helped by news that the Inro's five-day moving average dipped below the may-buy level.325 words
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Article136 1989-10-27 2 AFP MALAYSIA, a major commodities producer, yesterday forecast softer natural rubber and crude palm oil prices in the new year but said it expects tin and cocoa prices to firm. A Finance Ministry report released as a supplement to budget proposals for 1990 presented to ParliamentAFP - 136 words
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Article411 1989-10-27 2 MALAYSIAN CRUDE PALM OIL FUTURES closed lower yesterday on pre-week-end selling and buyers' reserve, after India again rejected all offers at its palm olein tender for prompt shipment on Thursday, dealers said. Trading was quiet with prices locked in a tight range, as operators were reluctant to take411 words
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Article94 1989-10-27 2 CHICAGO BOARD of Trade soft red winter wheat futures cloeed under US$4.OO on Thursday, a significant psychological level, in the nearby December contract, down 6-3/4 cents a bushel at U553.963/4. There was little fresh news, although traders said the expanded maximum quantities of US grain the Soviets tc. may94 words
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FOREIGN NEWS
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460 1989-10-27 3 Bernama MALAYSIA will seek to further deregulate and liberalise its financial system next year and gear it towards greater sophistication and depth, the 1989/90 Economic Report of its finance ministry said. The report presented in the Malaysian parliament yesterday. sai<f thisBernama - 460 words
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Article1034 1989-10-27 3 t 9 ARRIVALS Operator otfViCi Local From number Mm* MAS MH601 0150 Kid CAL 0333 0315 TPf su SQ401 0555 CMS SiA SQ409 0610 MAA mau MK746 0725 MRU SIA SQ023 0755 AMS/SOM SVA SV398 0835 JED/RUH KAL KE624 0640 KUL MA& MH646 0850 Kin SiA SQ4171,034 words
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Article600 1989-10-27 3 MALAYSIAN TREASURY ECONOMIC REPORT 1989/90 Bernama THE MALAYSIAN economic growth is expected to moderate this year following last year's remarkable performance, but the gross domestic product will still grow by a robust 7.6 per cent compared with 1968 s exceptional 6.7 per cent. The economyBernama - 600 words
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156 1989-10-27 3 AFP THAILAND'S prime minister, fresh from talks with Chinese leaders, said the four Cambodian factions and South-east Asian countries would meet "very soon" with Beijing's blessing. Prime Minister Chatichai Choonhavan said in Bangkok on Thursday that discussions would centre on the settingAFP - 156 words
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335 1989-10-27 3 Reuter FOREIGN investors in California are assessing their properties in the light of last week's severe earthquake. but effects on future investing by foreign-owned firms are expected to be slight, economic experts said on Thursday. Investment by foreign firms in CaliforniaReuter - 335 words
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311 1989-10-27 3 Bernama MALAYSIA'S gross sxports for this year are eetimated to continue to riae to a total of M 966.441 million, with Japan, the United States, Asesn snd the European Community remaining as its major trading partners, according to the Treasury. The uptrend is largelyBernama - 311 words
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Article, Illustration398 1989-10-27 3 Reuter PRESIDENT Mikhail Gorbachev, seeking to maintain the Soviet initiative on arms control, has announced the unilateral withdrawal of all ballistic nuclear submarines from the Baltic Sea by the end of next year. But Western defence experts played down Mr Gorbachev'sReuter - 398 words
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205 1989-10-27 3 Reuter POLAND'S new Prime Minister Tadeusz Mazowiecki on Thursday called for changes in the Soviet-led Warsaw Pact military alliance and the Communist trading bloc Comecon. Mr Mazowiecki, the first non-Communist premier in Eastern Europe in over 40 years, told Wsrsaw Pact foreignReuter - 205 words
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210 1989-10-27 3 Reuter SOUTH KOREA believes that by 1906 its armed forces could defend the country alone against an attack from communist North Korea, without US support. A 1969 Defence White Paper published on Thursday estimated that the North still held aReuter - 210 words
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Article, Illustration505 1989-10-27 3 Reuter ISRAEL has denied a US television report that It was helping South Africa to build a long-range nuclear missile. "There is no truth to the report carried by the NBC network in the United States on so-called relations withReuter - 505 words
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Advertisement12 1989-10-27 3 LONDON CMlymmThmiAftmtrAirCjmdaM TiMU. /Sj A BREATH OF FRESH AIR 1 Air Canada12 words
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Page 3 Miscellaneous
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Miscellaneous201 1989-10-27 3 WEATHE%s> -j*/ J I yr- jj'jy and weather**orecael j CHv ii n OUTLOOK: Cloudy wNh TmT occasional abovor* Mn from mtd-ntgM to early CO morning Aberdeen 10/05 Shower, 24 to 7.30pm on Oct 27 at Amtferdam 16/09 Shower, alrporti Altieru 24/15 Sunny Men temp .33 7 i Auckland 20/13 Cloudy201 words
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Miscellaneous65 1989-10-27 3 Doonesbury by garry trudeau roger* george/ hou/s JT coocm &e better, mr.unless I'm totally off the 0/Xi q gee, i EV&WTHJNG 6CNN6 PRESIPENT! TVE JUST MARK, THIS MOVIE IS GOING fHEtXmB, OJNNO...MHAT WITH THE HOLLYUJOOP BEEN LOOK]NG AT THE cTO MAKE PEOPLE COM- POPPY! PROP IF IMISS? THING? COMBAT FOOTAGE,65 words
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BANKING AND FINANCE
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392 1989-10-27 4 Reuter FRENCH merchant bank Compagnie Financier® de Suez, buying aggressively since its 1987 privatisation, kept up the pace on Thursday when its Banque Indosuez subsidiary said it would take a 25 per cent stake in British merchant bank Morgan Grenfell. The French bank isReuter - 392 words
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184 1989-10-27 4 Reuter BRITISH bank Barclays pic said it is discussing job cuts throughout its 2,600 branch network in the UK as part of a cost-cutting drive. Reports in the British press said Barclays planned to cut 2,500 jobs, but a spokeswoman for the bankReuter - 184 words
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Article69 1989-10-27 4 Reuter HONGKONG'S Governor in Council has approved the introduction of a HKS2.SO levy per leviable transaction in futures contracts on the Hongkong Futures Exchange. The new levy is payable to the Securities and Futures Commission. The levy will take effect on Oct 31 withReuter - 69 words
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568 1989-10-27 4 Reuter LONDON'S newest futures contract was declared a qualified success by operators and officials alike as the frenzy of opening trading activity settled back to a steady trickle of business throughout Thursday. The world's first interest rate futures contrsct in the European Currency UnitReuter - 568 words
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Article142 1989-10-27 4 INTEREST RATE OPTIONS Friday, October 27, 1989 EUROOOLLAR (8IMEX) DnNi* OwNpuH Mgh Low Satt High Law M 8850 > 9000 17? 9030 129 9075 2 9100 BOA 80 3 9125 57A 57 5 9150 38A 38 10 9175 23A 23 19 19 19 9200 13 13 13 35 9225142 words
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Article292 1989-10-27 4 ASIAN dollar deposit rates closed unchanged from their opening levels in quiet trading yesterday. The market was awaiting the 1400 GMT release of US September personal income and personal spending for further clues on the health of the economy, dealers said. "The data will not affect the292 words
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Article231 1989-10-27 4 IMM CURRENCY FUTURES finished an active afternoon mostly lower on Thursday, with sterling sliding to huge losses. The resignation of UK Chancellor Nigel Lawson, and advisor Alan Walters soon after, sent sterling into a tailspin that eclipsed continued gyrations in the US stock market. Traders said continental currencies benefited231 words
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Article522 1989-10-27 4 EURODOLLAR futures closed higher in moderate trade on short-covering and weekend book squaring on Simex yesterday. "Sterling weakness due to the resignation of UK Chancellor Nigel Lawson had little impact on Simex futures," a dealer said. "Range trading was the main activity of the day, with most traders sidelined522 words
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Article286 1989-10-27 4 HONGKONG: Qold closed little changed in quiet trade yesterday despite the choppy US dollar. Bullion closed at U*****.70/372.20 against New York's 371.50/372.00 finish and the 370.60/371.10 open here. Local gold roee HKJ3O to HK53,458 a tael. Coins were up. TOKYO: Yen-based gold futures surged yesterday to close with286 words
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Article163 1989-10-27 4 Gold future* on October 26, 1989 100 fray ouncat, US par froy out C4 Opart NN* MB* Oct 349.30 ***** 349.30 372-50 X40 Nov 37X70 2.20 Doc 37X30 376-30 37X00 37X40 X10 Fob 91 377.00 340-30 376.40 379JO *XI0 Apr 341.00 ***** 341XX) 34X70 X20 JUT 383163 words
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Article1557 1989-10-27 4 SINGAPORE: THE US dollar ended firmer yesterdsy while sterling fell on selling In rsaction to overnight news the UK Chancellor of the Exchequer Nigel Lawson had resigned, dealers said. Trading was extremely volatile and nervous. Sterling finished weaker at U551.5720/30 compared with New York's 1.5740/80 close. The dollar1,557 words
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Article109 1989-10-27 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFH HIGH LOW 3 months 8Q*****V 25.01.90 4.30 4.25 6 months BS*****V 18.01.90 4.30 4.25 1 y*ar BY*****Z 18.10.90 4.33 4.28 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate MD OFFER high109 words
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Article, Illustration163 1989-10-27 4 prim* «l 11 major banks In S'per* Interbank market rates (offer/bkJ) on Oct 27 US* DM SWFC Y«n 7 4mr* IIVM-I1/M 13 1/3—IS 3/3 1-77/1 7 1/4-71/1 6 3/3 6 1/4 la* 11/1* 9/16 IS U/16 11/16 1/16 7 13/16 7J/I-7 1/1 4 7/16 3/16 3 3163 words
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Article56 1989-10-27 4 THE overnight rate on the Singapore money market was unchanged at 5-5/16 per cent yesterday. Term rates were <all unchanged. ni > oi imeroonK raTws at th« doM yesterday: omt hd Ow«M« 3 3/16 S VI* 1-mm» S 3/« S 1/4 2-martt. 5 3/1 S 1/4 3hww* 556 words
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Page 4 Advertisements
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Advertisement5 1989-10-27 4 ■Other options were not evailsble.5 words
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COMPANIES & STOCK MARKETS
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Article, Illustration600 1989-10-27 5 mma mm™ HOCK LOCK SIEW FROM ALL ANGLES, the Singapore Airlines-Delta Air alliance makes perfect sense. Commercially, the deal consists of two elements: a 10-year marketing pact and two US$lBO million equity cross-purchases. At the practical level, the cooperation will take the form of scheduleHOCK LOCK SIEW - 600 words
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223 1989-10-27 5 STRAITS Steamship Land, through its subsidiary Ocean Towers Pte Ltd, has awarded the superstructure contract for its Ocean Towers project worth $77 million to Takenaka Corporation of Japan. Ocean Towers, which is scheduled to be completed by end-1991, is a 27-storey newgeneration intelligent223 words
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Article, Illustration791 1989-10-27 5 FOCUS ON DELTA-SIA DEAL THE AGREEMENT between Singapore Airlines Ltd (SIA) and Delta Air Linee Inc to forge cloeer ties is seen ss mutually beneficial to both airlines. The agreement, providing for Delta and SIA to take equity cross-investments snd develop joint marketing programmes,791 words
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Article, Illustration408 1989-10-27 5 D C Bank acts to clean up balance sheet DEVELOPMENT Commercial Bank Bhd has initiated efforts to clean up its balance sheet blotched by nearly Msl billion in non-performing loans cm at 1988. Chairman Khoo Eng Choo said that in the cleaning up process, "resources" would be pumped into the408 words
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362 1989-10-27 5 Reuter DELTA AIRLINES Inc is determined to remain independent and recent anti-takeover moves should strengthen the management's position, chairman Ronald Allen told shareholders at the company's annual meeting in Atlanta. Mr Allen said on Thursday the creation of an employee stock ownershipReuter - 362 words
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Article, Illustration548 1989-10-27 5 KEVIN GWEE - By KEVIN GWEE WAH CHANG Electro-Plating Ltd (Wepco), the third counter to be listed on Sesdaq, has become the first company on the secondary board to be taken over. The group's major shareholder, the family of Ho Rih Hwa, agreed to548 words
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SES
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Article, Illustration1012 1989-10-27 6 ABDUL HADHI - by ABDUL HADHI THE SINGAPORE stock market continued its dismsl run yesterday. Malaysia's move to delist Malaysian sharss from the Singapore stock exchange, announced after trading hours, left brokers peesimistic about shortterm prospects for the local market. Brokers had been expecting the1,012 words
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Article335 1989-10-27 6 Managers' prices for Ocr 30 Royal Trust Asset Mgt r S pot* Gr Fund 0.815 0 875 IT Asia-Foe Gr Fund 108 1.14 Singapore Unit Trust The Comrct 1.14 1 23 The Sovmgs Fund 099 1 OS Vpore frofl Fund 0 44* 0.48* S pof. Sac Fund 074335 words
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Article64 1989-10-27 6 ROBINSON ANO COMPANY LIMITED: AQM at 176. Orchard Road. #06-06 Centrepoint. Singapore 0923, Oct 30, Monday, at 12.300 m. DMIB MRHAD: 28th AQM at 4 Jalan Tandang, ***** Petaling Jaya, Selangor Darul Ehsan, Malaysia, on Oct 30, Monday, at 11am. KNONQ OUAN FLOUR MILUNQ LIMITED: AQM at the64 words
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Article6271 1989-10-27 6 Qr» Qr's 1*9 Tel Lad Vol Day Last Quota Dhr DW rid Nat M Cap High Low Coda Company Sala +or- (*000) High Low Buyar Sollor C'vr P/E $mll OCT 27 SE8DAQ 280 120 t 4000 Amtek Eng 20* 270 -2 43 270 268 268 270 126,271 words
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KLSE
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Article, Illustration491 1989-10-27 7 Bernama SHARE PRICES in Kuala Lumpur closed mixed to eaaier in moderate trading, sending the 30-counter New Straits Times Industrial Ordinary Share Index 5.44 points lower at 2,478.45. However, some late buying managed to trim earlier losses, dealers said. Interest wss focused more on theBernama - 491 words
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Article3027 1989-10-27 7 iaw High Low Domptnjf 31 Vol f000) Day High Low Not P/E M Cap SmN 243 66 520 240 272 173 261 160 376 517 239 240 240 306 560 302 133 476 244 404 330 910 100 266 745 266 180 336 625 412 560 1430 68 605 5293,027 words
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REGIONAL MARKETS
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Article, Illustration828 1989-10-27 8 FLORENCE CHONG - PROPOSAL TO LEND Asloom IN RETURN FOR 65pc STAKE By FLORENCE CHONG writing for BT from Sydney AUSTRALIAN BANKERS are still awaiting the reeult of a two-month financial investigation into Hooker Corporation, one of Australia's largeat property/retail group, by the Hongkongbased Richfield828 words
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242 1989-10-27 8 Reuter BRITISH CONGLOMERATE Polly Peck International has agreed to buy a majority stake in financially troubled Sansui Electric Company, the Japanese audio equipment maker said. Under the agreement, Polly Peck will pay 15.65 billion yen (US$llO million) for a 51 per centReuter - 242 words
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211 1989-10-27 8 Reuter ISETAN Co Ltd haa kept ita profit and aalea forecasts for the year ended March 31, 1990, unchanged despite lower-than-expected interim reaults. In line with earlier forecasts, the department store chain operator expects net profit of 6.5 billion yen and current profit ofReuter - 211 words
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Article118 1989-10-27 8 AFP TAIWAN'S Asiaworld group formally launched a planned 12 billion peso (U*****.9 million) luxury hotel in Manila, claiming it would be the world s largest hotel when completed in 1992. Philippine officials joined Asiaworld group chairwoman Emilia Roxas in the ceremonial groundbreaking at the 173AFP - 118 words
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Article, Illustration636 1989-10-27 8 Tokyo Reuter PROFIT-TAKING in largecapital domestic shares drsgged the index to a lower cloee in very heavy turnover yesterday. Trust fund buying gave a late booet "It was whirligig trading. in one hand and out the other," said George Nlmmo, SBCI Securities (Asia) salee manager. "On Thursday,Reuter - 636 words
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Article, Illustration494 1989-10-27 8 Australia Reuter AUSTRALIAN stocks ended sharply lower yesterday ss market sentiment took s bearish turn and wiped out Thursday's 15point gain. The All Ordinaries Index finished 26.6 points down at 1,620.1, near its low for the day. Brokers said investors preferred to sell yesterday rather than on Monday,Reuter - 494 words
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Article, Illustration1312 1989-10-27 8 Hongkong AN EARLY SLIDE in Hongkong share prices yesterday. following Wall Street s steep decline on Thursday, gave way to an almost complete lack of trading interest, brokers said. The Hang Seng Index recovered slightly from its initial drop to a 2.862 low to end1,312 words
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Article424 1989-10-27 8 Reuter TAIWAN share prices lost early gains yesterday to close lower as investor confidence wavered after the cabinet delayed a debate on a proposed 1.5 per cent stock transaction tax, brokers said. The weighted index fell 56.46 points, or 0.57 per cent, to 10,376.48 against Thursday sReuter - 424 words
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Article240 1989-10-27 8 Reuter BLUE CHIP shares remained firm while smaller issues drifted lower In quiet trade on the Thai stock market yesterday. The SET Index fell 1.37 points to close at 684.96. Declines led advances 51 to 49. Most active were Padaeng Industry, Slam Cement and Surapol Seafood.Reuter - 240 words
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Article94 1989-10-27 8 Reuter MANILA stocks closed lower yesterday, with the market still nervous about what is happening on Wall Street brokers said. "Investors are still waiting to see how New York is going. It's mostly external-based caution rather than fundamentals and we could see a recovery next week,"Reuter - 94 words
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Article104 1989-10-27 8 Reuter NEW ZEALAND shares fell yesterday largely in response to negative overseas influences. Brokers said UK Chancellor of the Exchequer Nigel Lawson's resignation and another double-digit fall on the Dow Jones Industrial Average combined to create a bearish environment Bucking the trend was newly-listed Air NewReuter - 104 words
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Article283 1989-10-27 8 Reuter SEOUL STOCKS fell for the third straight session in listless trading yeeterday as investors' hopes for market-lifting incentives failed to materialise, brokers said. The composite index closed at 893.59, down 5.53 points from Thursday. Turnover was a light 117.7 billion won compared withReuter - 283 words
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Article79 1989-10-27 8 Reuter PRICES ROSE slightly on the Jakarta Stock Exchange in quiet hall-day trading yesterday, brokers said. The index moved up 1.38 points to 430.50 on a turnover of 247,765 shares. The Pan Union Insurance snded 700 rupiah higher at 5,800 and the textile firm Mayatexdian rose 525Reuter - 79 words
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WORLD MARKETS
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Article, Illustration284 1989-10-27 9 New York NYT NEW YORK stocks finished broadly lower on Thursday on moderate volume as the market continued a week of turbulent activity. The Dow Jones Industrial Average dropped 39.55 points to 2,613.73, ss declines outnumbered sdvances by nearly three to one with 1,141 issuesNYT - 284 words
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Article, Illustration840 1989-10-27 9 London Reuter LONDON share prices opened 1.78 per cent down on the FTSE-100 Index yesterday following the resignation of Chancellor of the Exchequer Nigel Lawson on Thursday. By 0913 GMT, the Footsie index was 38.0 points down at 2,091.4 after a low of 2,085.5. TurnoverReuter - 840 words
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Article1545 1989-10-27 9 Reuter ZURICH: The bourse extended early losses at midday yesterday. Dealers said trading was quiet and volume was low as investors stayed sidelined after Wall Street's sharp fall on Thursday night. Uk Chancellor Nigel Lawson's resignation fuelled anxious sentiment in an already weak market, they said. TheReuter - 1,545 words
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423 1989-10-27 9 NYT RJR NABISCO's proposed deal to sell its Del Monte division is said to be in trouble. Prices of RJR Nabisco's "junk bonds" tumbled on Thursday in New York on these unconfirmed rumours. Bonds of distressed companies like Federsted Stores snd Southland slsoNYT - 423 words
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108 1989-10-27 9 NYT GENERAL MOTORS Corp has filed for permiealon from US Federal antitrust regulators to buy up to 15 per cent of Jaguar pic. QM and Ford Motor Co are both trying to buy Jaguar or to form a strategic alliance with It.NYT - 108 words
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Page 6 Advertisements
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Advertisement10 1989-10-27 6 SttiM Treasury of rcs l -"'J^(_ Hotel Equatorial. Tel: *****3110 words
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Advertisement14 1989-10-27 7 A Sichuan Culinary Heritage T at Golden Phoenix Mdf 1 'Hilmmii Pi mil ml14 words
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Page 8 Advertisements
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Advertisement574 1989-10-27 8 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF At ANRITE AVIATION of COMPANY PTE LTD Co ON MEMBERS' 30 VOLUNTARY 4 f, LIQUIDATION) NOTICE IS HEREBY OIVEN pursuant to Section 295 3 of the Companies Act. Cap. (b) 50 that a General Meeting574 words
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Advertisement482 1989-10-27 8 In The Matter ol The Compact** Act Cap SO And In the Matter of JPA ASSOCIATES PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 30 Clementi Crescent. Singapore 2159 on the 23rd482 words
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Advertisement18 1989-10-27 8 The Bombay report was not available at press time Managers must manage. BT shows you how every Monday.18 words
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Article1853 1989-10-27 9 AT CONVENTIONAL WHARVES a MA Vwvvwi »Oj WO DVfVi AaTivM Ktpptl WIMTVOQ Dotyunshon 3/99 KI7 oiongtfdo 3010/0600 Equator Joda I3/89E K20 otoofM 28. 10/ 1800 K—l—Wlt IA K28 ok»ng**da 28.10/ 0600 Khu Soon li 44/891 00 alongside 38.10/0700 KotoBarfcot 16£/89 K33 alongside 27.10/2300 KotoPatoni E-819 K32 alongside1,853 words
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Page 9 Advertisements
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Advertisement19 1989-10-27 9 New York prices were not available because of a technical fault When we say business we mean just that19 words
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Advertisement6 1989-10-27 9 lis nShds The Employment OesyfieJ Section6 words
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Advertisement36 1989-10-27 9 Please note that delivery of containers from blocks H6 and J6 Is restricted between 1500 and 2100 hours on 28.10.89 For further Information or enquires: Kappal/Marlna Wharves *****66 Jurong Port *****66 Sembawang *****22 Paair Panjang *****4436 words
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Article166 1989-10-27 10 hi ill i owe* inaices Friday ST Industrials Index 1319.27 (-11.15) IT Composite Index 1183-55 (-9.94) NST industrial Index 2478*45 (-5.44 HK Hang Seng Index 2467.99 (-23.19 Tokyo NSdcei Average *****.29 (-151.20) Sydney AM-Ordinories 1620.1 (-28.6 Thursday New York (Dow Jones) *****3 (-39-55 London (FT 30 Index)166 words
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150 1989-10-27 10 FORMER Pan-Electric Industries director Nagalingam Segarajasingam pleaded guilty yesterday to one charge of failing to disclose to shareholders that one of its directors had benefited from share transactions involving the company's funds. District Judge F G Remedios postponed sentence until Tuesday. The court heard that150 words
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482 1989-10-27 10 SINGAPORE'S marine industry put up a sterling performance for the first half of this year, but said it still faces urgent problem in getting enough workers for its booming business. "The most urgent problem is that of retaining and attracting people,"482 words
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660 1989-10-27 10 MALAYSIAN 1990 BUDGET Bernama AFP THE MALAYSIAN government Mid yesterday that it would raise spending by 11 per cent in the new year and cut taxes on food and building materials in what analysts described as a pre-elec-tion budget. Presenting the 1900 budgetBernama; AFP - 660 words
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Article213 1989-10-27 10 Bernama A NUMBER of other measures were announced in the Malaysian Budget yesterday. Theyinclude the following: 1. The development tax will be reduced from 5 per cent to 4 per cent. 2. Restrictions on tax allowances for bonus payments by companies will be abolished. However, all bonusesBernama - 213 words
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317 1989-10-27 10 Bernama THE MALAYSIAN government has allocated a special sum of MS92 million to tourism promotion and the upgrading of public amenities in view of Visit Malaysis Year 1980, Finance Ministsr Dstuk Psduks Dsim Zsinuddin ssid vea tarda v. Tabling the 1990 budget inBernama - 317 words
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LATE FILE
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Article37 1989-10-27 10 AP THE PHILIPPINE Supreme Court yeeterday upheld President Corszon Aquino's decision banning the return of Ferdinand Marcoa' body, saying that the remains would provide a "catalytic effect" to destabiliee the government APAP - 37 words
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Article42 1989-10-27 10 AP THE SOVIET Union yssterday destroyed the 967 th and last of its shortsr-range nuclear missiles in keeping with a 1967 super power treaty banning them, the Tass news agency announced. US inspectors wstched the destruction APAP - 42 words
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Article38 1989-10-27 10 AFP SOVIET President Mikhail Gorbachev effectively burled Flnlmndisabon (the subservience of s small neighbouring country to Soviet interests) during his visit to Helsinki, while also announcing further nudeer reductions in ths Baltic region. AFPAFP - 38 words
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Article34 1989-10-27 10 AFP THE US STATE Department has celled on Israel to sign the Nuclear Non-Protlferation Treaty amid reports that It helped South Afrtce build a recentiy-teeted intermediaterange ballistic missile.AFP - 34 words
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Article39 1989-10-27 10 AFP SRI LANKAN President Rana•inghe Premadass could seek to strengthen his position by shuffling members of the Janata VimuktJ Peramuna rebel group into hia Cabinet, Junior Information Minieter A J Ranaainghe haa suggested. AFPAFP - 39 words
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330 1989-10-27 10 QUAK HUNG WHAI - by QUAK HUNG WHAI STARTING next February, the Singapore Aviation and General Insurance Co (SAGS), a whollyowned subsidiary of Singapore Atrfines, will withdraw from the general insurance market to concentrate on the airline's in-house insurance business. Singapore Airlines said in a330 words
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Article, Illustration235 1989-10-27 10 AFP AUSTRALIA and Indonesia have reached agreement on the Joint development of a disputed sector of the potentially oil-rich Timor Gap to the south of East Timor, officials said in Canberra yesterday. Resources Minister Peter Cook and Foreign Minister Gareth Evans said in a jointAFP - 235 words
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166 1989-10-27 10 AFP THE PHILIPPINES is determined tol pursue a "policy of pragmatism" in dealing with its US$2B UUJon foreign debt, Central Bank ORfternor Jose Fernandez said rtiManila yesterday. Fernandez, Manila's chief debt negotiator, gave the assurance amid reports that some major commercial creditors wereAFP - 166 words
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265 1989-10-27 10 AFP CHINA HAS SAID it is considering borrowing fresh foreign funds to meet some of the US$4O billion external debt it must begin paying back in the *****. It would be the first time Beijing has incurred debt to pay backAFP - 265 words
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386 1989-10-27 10 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent TRADING of the Euroyen interest rate futures contract on the Singapore International Monetary Exchange got off to a roaring start yesterday with a total turnover of 38,000 lots. This is the highest trading volume for the386 words
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279 1989-10-27 10 A HONQKONQ pressure group formed during the pro-democracy student protests In Beijing has come under conaiderable pressure to disband. Labelled "subversive" by Beijing, the Alliance in Support of the Patriotic Democrative Movement in China led by liberals Martin Lee and Szeto Wah has been279 words
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394 1989-10-27 10 THE UNITED STATES will remain the pre-eminent world and Pacific economic and military power in the next century barring any major international surprises, said Prime Minister Lee Kuan Yew yesterday Sharing his thoughts on international geo-politica in the next century on the394 words
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Page 10 Advertisements
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Advertisement252 1989-10-27 10 Mora reports on PAGE 3 The Business Times ML Test your skill and win premium prizesl 30 winners will be selected to win one bottle of Hennessy XO Cognac, Dunhill Premium Scotch Whisky or Dom Perignon Champagne at the end of a week's contest. How tn Ant at* RwliribipUiMiflßumsTlMi now252 words
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Advertisement0 1989-10-27 10 |`"$$@~.$'-;"(<@*%"+*/>!*=](>*(0 words
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Executive Lifestyle
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Article, Illustration949 1989-10-27 11 MALINI TAMBYAH - Ever been gripped by an exotic urge to shank along with Ravi in your Nehru jacket? This Deepavali may have left the Sixties far behind but, says malini tambyah, it's not too late to join the raag-time band without floating to Delhi. MALINI TAMBYAH, INDIAN MUSIC is not949 words
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Article, Illustration978 1989-10-27 11 JAIME LYE - JAIME LYE unveils the mysteries of Turkish food at belly button level JAIME LYE GQE. WHEN I took up this job. they never told me about the occupational hazards that go with it ;it was suppoeed to be an opportunity of a lifetime, you know?978 words
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Article216 1989-10-27 11 THOSE who suffer from frequent conventions or mlgrainee may want to know ti| am a tnat u>o rOUrui irnvrntDonii Headache Conference haa Just been held Down Under. THE GENTLEMAN in I set week's atraw who was busy playing mahjong when the reporter called, called ua to216 words
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Commentary
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Article, Illustration1605 1989-10-27 12 SOH TIANG KENG - SOH TIANG KENG The writer, a father of two school-going daughters, is on the Business Times Banking and Finance Desk. OUR EDUCATION SYSTEM and environment have changed dramatically over the years. Three decades ago, when I was in secondary school, school life was almost idyllic.1,605 words
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Article, Illustration1383 1989-10-27 12 NEVILLE STACK - So long, ma'am it wasn't nice knowing you NEVILLE STACK The writer was editor of the Leicester Mercury, a big British daily paper. Until recently he was an editorial consultant to The Straits Times. He is now a writer, consultant and political commentator in England. WHEN Mrs Thatcher and har1,383 words
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Article, Illustration1637 1989-10-27 12 MARTIN SOONG - MARTIN SOONG The writer, an American Chinese descent, is on the Business Times Political and Economics Desk. JOURNALISTS have always been at the forefront of documenting, describing, and analysing the world as it develops. American journalists have been, and are, some of1,637 words
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222 1989-10-27 12 D W Distant - Letters te the Editor D W Distant Dear Sir, On Sep 30, you published my letter which expressed my concern at the risk posed by the hand-held grass-cutting machines. The HDB and Ministry of National Development responded by explaining that nylon thread is more222 words
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Article62 1989-10-27 12 Kian Guan Hin - Kian Guan Hin Dear Mr, We note that since October, Business Times has stopped publishing coconut oil quotes. As this is a useful service, can you advise whether you can resume the quotes in your Commodities page? Yours sincerely, Editor: BT is pleased that readers find62 words
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Executive Lifestyle: Pursuits
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Article743 1989-10-27 13 J K RANJI - DEEPAVALI By J K RANJI AHHNHHH! FOR the good old Deepavali day^... Community spirit and unreetrained fun made a kampong Deepavali when I was "a pre-teenager a far cry from the lacklustre affairs we have these days. I mean what's Deepavali without placing Are crackers under empty743 words
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Article, Illustration340 1989-10-27 13 Malini Tambyah - -by Malini Tambyah TEACH Yourself Guitar books, or even Teach Yourself Violin, may sound familiar, but Teach Yourself Sitar... Enter the World of the Sitar, with an accompanying cassette, is Sharafat Khan* contribution to the self-taught worl<( It will be the first such book to appear on340 words
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Article, Illustration708 1989-10-27 13 QUEK SWEE PENG - FOOD By QUEK SWEE PENG A LONG, LONG LUNCH is a luxury. Like a life of leisure, indulged only by a fortunate few. It would be a pity if lunching and dining should be relegated to a chore, as epitomised by the notion 'I eat to708 words
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Article, Illustration824 1989-10-27 15 N K YONG - Q Mne\J By N K YONG COLUMN is being written while we are still in 4he middle of a highly unusual and exciting convention in Singapore, the triennial International Festival of the International Wine and Food Society. This 3s the first time824 words
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Article936 1989-10-27 15 RICHARD SEAH - HEALTH By RICHARD SEAH The writer in editor of The Good Life, a health megezine. THE HEALTH MINISTRY'S National Health Fair comes less than two months after Health and Fitness 89 in early September. The two events are so different that a comparison may not936 words
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Article, Illustration1058 1989-10-27 15 EXHIBITIONS: Richard Thompson Hl* South*a*i Allan Dabut. Under the patronage of The American Embassy, Singapore, Richard Thompson s works will be on display from today till Nov 19 at Art Base Gallery, 78 Shenton Way, #01-02. Sunday: 1 5 pm; Tuesday-Saturday: 10 am 6 pm. Closed on Monday. Flna1,058 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration564 1989-10-27 14 VIBEKE LAROI - WINE By VIBEKE LAROI Reuter FOR HUNDREDS of years, sake, a potent rice brew, has ensured the wheels of Japanese commerce are indeed well-oiled. For foreigners, crashing the sake barrier can almost be as important to doing business in Japan as overcoming problemsReuter - 564 words
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Article, Illustration512 1989-10-27 16 JAIME LYE - CINEMA By JAIME LYE HOW TO MAKE a perfect fruit-cake: throw four types of nuts into the batter of society and turn up the temperature till they pop. Make sure each has its own unique quality and texture, so you can512 words
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Article, Illustration1066 1989-10-27 16 Roger Loh - WZS Roger Loh EURYTHMICS: We Too Aro Ono (RCA) MANY pop artistes have suffered from a mid-careor crisis and never recovered. The Eurythmica, however, revel in it. Rather than retread the successfully crafted oblique and subtle approach. the duo now return to the basics and1,066 words
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SHORT TAKES
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149 1989-10-27 16 IF YOU are prepared to fork out at least $300 for a pair of shoes, you will be gratified to know that Rossetti's has shod the feet of people like the Queen of Spain, Princess Ira Furstenberg, Paul Newman and149 words
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Article148 1989-10-27 16 EVER BEEN in ths mood for some soothing sounds after midnight but always seeming to snd up listsning to someone screaming about how some boots ars made for walking all over you? That's set to chsnge as Radio 10 goes sentimental after 0:00 hours. Part of SBC's148 words
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Article72 1989-10-27 16 YOU would think that if someone kidnaps your son, it's because they want some money from you, not your hospitality. But that's what the stranger who kidnaps a well-known actor's son wants to be his house guest for 48 hours. More twists than a pretzel are promised72 words
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Article114 1989-10-27 16 SCOTTISH-BORN Didier Lock wood has been described as a "virtuoso", "highly gifted with a rare melodic sense", and sleeted "best world violinist". The 34-year-old musician was also known as ths "Magma's mad violin". In 1961, he toured the world with his own band and whils in New114 words
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Article, Illustration660 1989-10-27 20 JAIME LYE - CINEMA JAIME LYE intercepts a letter to Mad Mel JAIME LYE DEAR MEL, I was watching your earlier Mad Max movies the other day and I was wondering: maybe if you tried being nicer to people, your life might be a little easier? I mean,660 words
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Executive Lifestyle: Investment and Finance
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Don't quote me...
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Article73 1989-10-27 17 HONGKONG Banking Commissioner Anthony Nicolle has this to say of Hongkongßank's proposal to make public the size of its substantial inner reserves: "As Banking Commissioner, I am not bothered whether or not banks have hidden reserves since I see all the figures for myself. "What I am more73 words
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Article54 1989-10-27 17 TRYING TO explain cost increases to consumers is never easy. Wall Street Joumafs spokesman Roger May, asked to comment on the newspaper's plans to raise its US advertising rates by 4 per cent next year, said: "We wanted to share that with our customers." Passing it on54 words
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Article71 1989-10-27 17 FORMER Hongkong stock exchange chairman Ronald Li is still very much sought after for his views on stock markets. He was asked last week to comment on the most recent market crash. Whereas in the past, reporters would have had a field day with him, this time71 words
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Article46 1989-10-27 17 LONDON UNDERWRITERS are stuck with a big chunk of British Airways shares as a result of the low acceptance only 6.3 per cent of the airline's £320 million rights issue. Brokers there have cheekily described it as "excess baggage" left behind by BA.46 words
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Article56 1989-10-27 17 HERE is a description of Britain's most famous corporate raider, Sir James Goldsmith: "He has a phenomenal memory, and he uses it never to forget a friend, never to forgive an enemy." The quote comes from an article on the colourful Sir James, published in Business Life,56 words
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Article, Illustration562 1989-10-27 17 GOLD Reuter IF GOLD was looking for an incentive to shake off its bearish blues, the past two weeks' jitters on the world's stock markets should have provided the push. Although the metal failed to scale the crucial US$37O hurdle, some analysts say goldReuter - 562 words
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452 1989-10-27 17 OBV a leading indicator of rising price trends If technical analysts hope to make correct chart readings most of the time, they cannot afford to Ignore the volume-type of analysis and concentrate only on the price-related chart tools. We explain today the usefulness of the BT On-Balance Volume Indicator (see452 words
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Article, Illustration860 1989-10-27 17 LORETTA McLUAGHLAN - mm By LORETTA McLUAGHLAN WHY DON'T YOU people have more faith in your market? The fundamentals are solid and ratings respectable. Yet you're letting it slide." Thus spoke the Hongkong fund manager to the Singapore stockbroker this week. Sadly, it's true. In the860 words
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Article, Illustration381 1989-10-27 17 CHART POINT By C DOW THE FUNDAMENTALS of our economy hsve not changed for the worse except for more signs of sn expected slowdown in ths US economy. However, there is little doubt that investor confidence is fragile, particularly when forecasts of the crash of381 words
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Article496 1989-10-27 17 Conversion term* Premium/ Amount Pric.f.. .126.10.8#) «*»eount) Ex|*y Optional COmP,ny ("-"•> Wrtt Sh«f® Ln stk C-, Ln <*-*, I value W S CKTang 16.9 2.890 5.100 1.00 225 1 176 «AJJ 8 ChuanHup 50.2 0.205 1.070 1.55 1.55 75 3.37 31.12.91 jf Chuan Hup 94 77.3496 words
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Executive Lifestyle: Sports
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Article, Illustration477 1989-10-27 18 TENNIS AP US DEFENDING champion John McEnroe, top-seeded Ivan Lendl and fellow Czech Miloslav Mecir all struggled on Thursday to reach the quarterfinals of the U551,060,000 European Community Championahip. Only American teen-ager Michael Chang, seeded fourth, breezed through his second round match, winning 6-1, 6-3AP - 477 words
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Article93 1989-10-27 18 AFP A TENNIS version of golf's Ryder Oup, pitting top American and European tennis players against each other, is being planned for New York next year. Tennis promoter Gene Scott says he has received enthusiastic support from Ivan Lend I and John McEnroe, addingAFP - 93 words
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Article223 1989-10-27 18 AP TOP SEED Steffi Graf used her powerful serve to overwhelm West German compatriot Claudia Kohde-Kilach 6-0, 6-3 on Thursday and advanced to the quarterfinals of a U*****,000 women's tournament. Also advancing were sec-ond-seeded Manuela Maleeva of Bulgaria, who defeated Judith Wiesner of Austria 7-6 (7-5),AP - 223 words
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Article, Illustration337 1989-10-27 18 GOLF AFP DONNIE HAMMOND, currently the hottest golfer on the US PGA Tour, fired a six-under-par 65 on Hilton Head Island on Thursday and took a two-shot lead after one round in the US$2.5-million Nabisco Championships. Hammond, who qualified for the eliteAFP - 337 words
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428 1989-10-27 18 AP BATTLING fierce winds. Spain's Jose Maria Olazabal on Thursday shot a 2-under-par 34 for a first-round 69 and a one-shot lead in the Volvo Masters, the PGA European Tour's final event of the season. Scotland's Sandy Lyle was second with a 2-under-par 70AP - 428 words
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394 1989-10-27 18 AP QREQ NORMAN called for a change in status for th« ultra-rich Nabisco Championship that began on Thursday at the Harbour Town Golf Links in South Carolina. "Make it a special event, a year-ending event, a bonus. Make the money unofficial," NormanAP - 394 words
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674 1989-10-27 18 JEROME FANDOR - Oh TMCk With JEROME FANDOR WHILE champion trainer Teh Choon Beng pursues a change of luck from his dismal record of the last few weeks, classic maestro Ivan Allan is preparing to plunder the current Penang meeting. With just674 words
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Executive Jobs
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Article, Illustration310 1989-10-27 19 THAYNE MADRID Marketing Design Consultants has appointed John Flamming to its board. Mr Flamming is also the director of Stanford Research Institute's Global Airline Practice (SRI International) and more recently waa CEO of Air Lanka. Prior to hia move into consultancy, Mr Flamming held senior poeitions with310 words
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Article, Illustration707 1989-10-27 19 jjU By SHOEB KAGDA A FISH out of water was my first impression. Why, someone with a biochemistry degree is almost always in white overalls, peering into test-tubes. But 36-year-old Chua Kok Piaw is firmly ensconced in the707 words
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Article, Illustration1174 1989-10-27 19 DAVID MARCHINGTON - TIPS TO REMEMBER FOR THAT ALL-IMPORTANT MEETING So you are going to that interview, all psyched up or all ready to turn the tables on the interviewer. But, you may not get the job, counsels DAVID MARCHINGTON of Korn Ferry International. DAVID MARCHINGTON PROBABLY1,174 words
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Article, Illustration769 1989-10-27 19 ANNA TEO - By ANNA TEO ENTREPRENEUR extraordinaire Yasuyuki Nambu looked Dana Stoudt deep in the eyes, asked for his blood type ("O-positive. sir!") and then told him to start work the next morning. That encounter five years ago on a Tokyo street with Japan's Donald Trump769 words
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Page 11 Advertisements
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Advertisement200 1989-10-27 11 NEED A J CAR LOAN? m* Call USA from any phone, any day, anytime at —222 5544 or 222 8844— 1 Teach yoaraaW sllar Pg Three JC^l^^^HWf BnrOhan ■#>•« i»7 MottrStraOwawt Voir When I won the Tchaikovsky competition, I was thrilled. Later came the Avery Fisher prize I was overjoyed.200 words
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Page 12 Advertisements
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Advertisement57 1989-10-27 12 Vll welcomes letters from Its readers, d Letters must include the author's I name, address and home and office telephone numbers. BT reserves the right to edit letters for purposes of clarity and space. Please address letters to: The Editor, Business Times, Times House, 390 Kim Seng Road, Singapore 092357 words
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Page 13 Advertisements
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Advertisement44 1989-10-27 13 nil^K'. jakr y tV. v* j > T J' '«t^FjJfl*» tunii uaiiil 71"t««'«' L/Aratf arif.o im»« mn» 1 Jn» GORDONS ENGLAND |m H[ HHHIBbHI -1» DISTILLED IN LONDON. V M*»C* mcoibtmao*. c I /jff .-X dnR V > ..'^--^j- jg£ N* 'fcr^?i,r-~ Vp| |F ja" BR"44 words
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Page 14 Advertisements
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Advertisement300 1989-10-27 14 Wfaeir to entertain... Where to entertain... Where to entertain... Where to PPRB V J I hm j^^l We v «BI Those who appreciate only the best in Japanese cuisine have found a home in Singapore. Inagiku. Reservations, *****10 or *****85 ext *****/6. JLWKU Tm WISIIN WESTIN HomsilUtwn Setting the trend300 words
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Advertisement220 1989-10-27 14 BBQ Dinner at the Poolside Amidst the bustle and hustle of Orchard Road, enjoy a BBQ Dinner in the peaceful surroundings of our Rooftop swimming pool A gourmet range of chops and seafood to your favourite local items like satay and otak. To end the meal with all kinds of220 words
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Advertisement161 1989-10-27 14 OOlfTieGS J TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CALIFORNIAN BUFFET BRUNCH D6UGHTFUL 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. SUNDAYS161 words
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Advertisement204 1989-10-27 14 TRY KARAOKE AT I 1 s a I Top 40s Broadway, I Sentimental. Country Western I Japanese and Mandarin I selections available too. I Sunday Thursday: spm lam I Kriday, Saturday spm 2am I PH Eve I Plaza Hotel I SINGAPORE JWI»# AiMIMTIMA* I Hrarti Kiiad Stneaporr 0719 TH *****11204 words
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Advertisement210 1989-10-27 14 ENTER AND FEAST AT OUR <| GERMAN BANQUET TABLE Savour the works of our masterchefs as they lay I the tables for a lavish feast fit for kings With I over 60 German favourites, our German buffet I lunch at The Belvedere is almost as good as a I culinary210 words
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Page 15 Advertisements
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Advertisement278 1989-10-27 15 entertain.,.. J (SJjubertu* (?fttll I I Every Sunday 1 I Theme's A I I Family Feast I I In The Park. I At the Hubcrtiu Grill\ Sunday brunch is a great II I outing for the family. A glorious buffet spread id laid II out for both grown upo and278 words
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Page 15 Miscellaneous
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Miscellaneous769 1989-10-27 15 iMBI M H U wd 1812 I 39~ I CRYPTIC PUZZLE 3 Award for Mr X (6, 5) 44 American politician (7) ACROSS 4 Ca,kKl c*"" W DOWN 5 He knocks off the glass 8 Puts on the fruit when I p i ug (7) 1 Zodiac sign (6) come769 words
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Page 16 Advertisements
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Advertisement30 1989-10-27 16 BIRTH OF A NEW CLASSIC I Sllisk^ TT!U IDEAS FROM MASSIMO OSTI C.P. COMPANY BOUTIQUE TANGS STUDIO (LEVEL 1 SCOTTS SHOPPING CENTRE, SINGAPORE 0922 SOLE AGENT: FIELDSTONE TRADING PTE LTD.30 words
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Page 18 Miscellaneous
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Miscellaneous1430 1989-10-27 18 CATI IOPkAV BBC Highlights stars in this play by Israeli writer Nava Semel, OAIU K UA T Thursday, Nov 2nd, 7.30pm ,rans,ated Miriam singer Scene From a Marriage Pari in R Niohliohtc QDr When Ingmar Bergmans "six scenes' were first J nlgllllglllo DDv on television in his native Sweden almost1,430 words
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Page 19 Advertisements
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Advertisement210 1989-10-27 19 DHL IN THE NEWS Advertisement nui tr\ riloi# Conto The "Santa Pack" promotion, Um ll— IU pidy Odl lid launched on October 20 to beat the nf. U nn Christmas rush, will run until December 31 unnsimas 18, enabling customers to send gifts to any of DHLs 175 country destinations.210 words
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Advertisement249 1989-10-27 19 1 QUEST FOR THE BEST 9 Our client is a highly successful and prominent m 1 I group with diversified activities in the Far East J. llliUlvlCU region. It is continually seeking new activities in its diversification programme and it wishes to I AtlfVAllDV appoint a well-qualified professional to assume249 words
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Page 19 Miscellaneous
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Miscellaneous24 1989-10-27 19 cant Pur my £yO?Y 1 WRITS. A mefccs soneTW'rfG radically £??s£©2!i r iwaeprtfeMG uttogG Uffc rrve Sosy glou Cones SOmtTHtwG m€. U>K>IG 1 124 words
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Page 20 Advertisements
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Advertisement75 1989-10-27 20 the quality brand known to the world mm hMß|^B||^k w easy camroMSnH^^^^V lj& JE S| 18 $79.50 I #*Ladies' Bannergarb Pants I:^H polyester/viscose H| Colours: black, taupe 4.- I r Girls' Jumper- Jfr" ;i 1 in 100% acrylic :W Sizes: 3 -^H H ■m Colour*: cream, pink *"%J* VM an75 words
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Page 20 Miscellaneous
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Miscellaneous640 1989-10-27 20 L. I HA iaiaalT'C f lIK WCCIV 9 Double Trouble, Today, 12.55 pm, SBC 5 Terence Hill end Bud Spencer ere offered e top eecret Job by en enonymoue company that offers them big bucke with e catch. They have to impereonete two big ehota whom they iuat happen to640 words
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Miscellaneous956 1989-10-27 20 SATURDAY 1 S""*"" 1 CD/C Wildcat (C, Ep 56). jbv I 2 Raquei, Travers is thrown out $S j-J News at EWlt (C). house has to 8.30 The Perfect Match (C. 6.00 PM Opening and move in with the Tanners. It's -J 9.30 Inter-Ministry Mandarin om up to AH to956 words
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Miscellaneous215 1989-10-27 20 Hipnriw, Today, 7.35 pm, SBC 12 When getting out of bod becomes too difficult a task, that's whan life must be ths pits. Fortunately, clinical depression is also one of the most successfully treated illnessss in the US, es this episode of Life Matters shows. Sophia Mi CtMtaMce, Today, 8215 words
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