The Business Times, 11 November 1989
1989-11-11
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The Business Times
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Title Section12 1989-11-11 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, November 11-12 1989 75 CENTS12 words
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393 1989-11-11 1 Agencies THE BERLIN WALL, symbol of East-West divisions in Europe for nearly three decades, gaped wide open yesterday. Elated East Germans flocked by the thousands without visas to West Berlin after their communist government lifted exit restrictions on Thursday inAgencies - 393 words
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Article, Illustration392 1989-11-11 1 SUZANNE SOH - NOT VIABLE TO HAVE FLAGSHIP STORE IN ORCHARD ROAD By SUZANNE SOH EXORBITANT RENTALS are holding back French perfume and fashion house Nina Ricci from opening its own store on Orchard Road. "We want to open a flagship store in Singapore," said Laurence392 words
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292 1989-11-11 1 THE NIGHT before Christmas will see life coming to a standstill at Printemps department store. The six-year-old store in the Meridien Hotel shopping complex shuts down on Christmas Eve and its staff of 65 will be retrenched. BT understands that its owner, Luxury Hotels,292 words
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Article538 1989-11-11 1 ELAINE KOH - By ELAINE KOH SINGAPORE Press Holdings, benefiting from higher advertising revenues and lower overheads, has reaped a bumper harvest of $95.28 million after tax and minorities. This is a 29 per cent jump from the previous year's profits, which were $73.88 million after taking538 words
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Article90 1989-11-11 1 Reuter THE TAIWAN government, facing widespread public anger over the rocketing price of housing, yesterday proposed to make available more than US$l.5 billion in emergency housing loans. The Finance Ministry said the proposal involved a special fund for adults who do not own their own homes.Reuter - 90 words
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Article43 1989-11-11 1 AP THE New York Stock Exchange yesterday reported a small fire in the room housing its computers and said that the start of trading would be delayed. The Dow was expected to open unchanged to a couple of points lower. APAP - 43 words
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Article44 1989-11-11 1 AP LONDON share prices were higher at mid-day yesterday, led upward by bank stocks. At about 12.15 pm (1215 GMT), the FTSE 100-shsre index was up 19.8 points, or 0.9 per cenL at 2,221.5 points, up from an earlier low of 2,196.3. APAP - 44 words
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Article, Illustration145 1989-11-11 1 STOCKMARKETS IN Singapore and Tokyo rose yesterday, despite Well Street's overnight fall. In Singapore, the Strsits Times Industrisls Index roee 6.75 points to finish st 1,331.90, while the Business Times Composits Indsx gainsd 6.19 points to 1,201.09. Ths broader market was slightly mixsd with 127 rises145 words
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Article158 1989-11-11 1 tUn nL I hi ifl i 9VOCK inotcvs FrMoy ST Industrials Index 1331.99 6^5) •T Compodto Index 1201.09 6.19 NST Industrial Index 2458*4 6*3 HK Hang Seng Index 2776*6 (-4*8 Tokyo Nickel Average *****.20 5.78 C A |j jyarwy AH-\jfoinon#i 1636* (-12*) Thundery New York (Dow J158 words
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Page 1 Advertisements
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Advertisement297 1989-11-11 1 Nikon TheWbrid'sFineet Photographic System. m mußUg P The myth off Suzie Wong Page One CNMMtary The man who roused the sleeping tiger Page Two The Emcee strikes back Page Three WIM Pairing French and New World wines Page Four Ntaltfe d Nutrients that enhance immunity Page Five tactton Send in297 words
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Advertisement176 1989-11-11 1 Nikon TtwWbrid'tßnMt Pho*ogw»Mc tjiUm. Focus, PAQE 4 Full report, PAQE Regional mkts, PAQE 10 World mkts, PAQE 11 Are price tags on Orchard Road property realistic? EL PAGE TWO Since 1735 there has never been a quartz Blancpain watch. And there never will be. B £*;> 1 ■SlHlllmßlltt nv'\. iwF176 words
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HOME NEWS
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Article, Illustration381 1989-11-11 2 DEXTER LEE - LEE BOON YANG EMPHASISES IMPORTANCE OF COOPERATION By DEXTER LEE DR LEE BOON YANG, Senior Minister of State (Ministry of National Development Home Affairs), last night called for closer financial cooperation between Singapore and Arab financial centres. Opening the Inter-Arab Cambist Association381 words
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214 1989-11-11 2 PRODUCTIVITY is going down to the grassroots. Industry associations of five industries taking part in the National Productivity Board's Productivity Management and Project Team (PROMPT) are organising their own productivity month activities over the next fortnight the first time that the movement is going214 words
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357 1989-11-11 2 GENEVIEVE CUA - By GENEVIEVE CUA SOUTH-EAST ASIA'S first ferrite powder plant in Tuas will eventually boast a sizeable value-added per worker of $300,000 annually, more than five times the average for the manufacturing sector last year. Lee Suan Hiang, director of the Economic Development Board's357 words
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459 1989-11-11 2 THE BATTLE of the airwaves is hotting up, with one new station launched yesterday and at least two others expected to come on the air before the end of next year. Radio Batam's second station. Coast 100,459 words
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105 1989-11-11 2 Confirmed CPF savings rate to be raised to 3.77pc THE CENTRAL Provident Fund Board yesterday announced that it will raise the CPF savings rate from the present 3.39 per cent to 3.77 per cent with effect from Jan 1. 1990. This announcement confirms an earlier BT report that the Board105 words
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Article, Illustration310 1989-11-11 2 THE RECIPIENTS of this year's highest National Day honours received their awards from President Wee Kim Wee last night. Mr Lee Hee Seng, chairman of the Public Service Commission, was conferred the Distinguished Service Order at the investiture of the 1989310 words
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189 1989-11-11 2 IN A MOVE to encourage more women to go to work, the People s Action Party Women's Wing is setting up the Neighbourhood Family Infant Care Scheme. Organised under the auspices of the PAP Community Foundation, it will be launched soon on a189 words
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372 1989-11-11 2 SOXAL L SINGAPORE OXYGEN Air Liquide's $30 million investment in a new plant reflects confidence in the Singapore economy, says Mr Ng Pock Too, political secretary in the Prime Minister's Office. Speaking at the opening of Soxal's new air372 words
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366 1989-11-11 2 QUAK HIANG WHAI - By QUAK HIANG WHAI WORLD OIL PRICES may rise sharply in the short run if Soviet coal miners go on a major strike, forcing the Soviet Union to cut back its oil exports. This possible scenario was painted yesterday by Charles366 words
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240 1989-11-11 2 SINGAPORE Trade Development Board (TDB) chairman Alan Yeo will lead a trade miaaion to the Soviet Union later thia month to promote bilateral trade, eepecially in consumer goods and commodities. As the Soviet government has embarked on a programme to240 words
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Article1073 1989-11-11 2 ARRIVALS DEPARTURES Operator Sorvic* Local From Operator Sorvtc* Local For numbor rtm* numbor rtm* GU GA976 0003 AUH/ZHK/CDC OAL OA471 0015 ATM SU SQ098 0010 N*T MAS MH623 0035 KU JAL JL714 0030 OSA SU SQ91 0050 PBC/SHA KAL KE623 0035 KU AltHK AHK531 0110 HKG MHTAN-1,073 words
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Page 2 Advertisements
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Advertisement11 1989-11-11 2 LONDON C*ymTimdAtmmAkCam±*7}MiS. A BREATH OF FRESH AIR 1 Air Canada sl11 words
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Page 2 Miscellaneous
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Miscellaneous218 1989-11-11 2 -WEATHllir^ Global temperatures and weather forecast city Max/ Note OUTLOOK: Showers Mln ov r xnril areas In ,h 'at* morning and early afternoon. Aberdeen 12/07 Shown Report for 24 hours prior Amsterdam 15/10 Showers 7 i 3opm Nov 9ot Afhtm 22/09 Sunny 3Show#r> Bangkok 33/26 Fair Mta, tamo 23 3218 words
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FOREIGN NEWS
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Article, Illustration385 1989-11-11 3 Agencies PHILIPPINE President Corazon Aquino, pursuing her quest for more US trade and economic support heard President George Bush tie such help to Washington's concern about keeping its big military bases in her country. Only hours after Mr Bush andAgencies - 385 words
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195 1989-11-11 3 Reuter THE PHILIPPINES, trying to woo new overseas capital while President Corazon Aquino is in the US, is easing foreign equity restrictions and says investment is booming. Trade and Industry Undersecretary Tomas Alcantara says investment is running at three times the level of last year,Reuter - 195 words
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266 1989-11-11 3 Bernama THE MALAYSIAN government is investing more than Msl billion to upgrade the country's infrastructure, especially its road and rail systems, to reduce the distribution cost of products, Transport Minister Datuk Seri Or Ling Liong Sik said yesterday. Ports were also beingBernama - 266 words
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450 1989-11-11 3 Reuter SOVIET state airline Aeroflot, whose poor service has made it the butt of jokes by Soviet air passengers, will soon face competition from a consortium set up by its own pilots, Izvestia said on Thursday. The government newspaper said the newReuter - 450 words
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94 1989-11-11 3 Reuter A MYSTERIOUS manufacturer has started selling a new brand of cigarettes called "Solidarity" in Warsaw, the official news agency PAP said on Thursday. It said the packets bore the independent trade union's characteristic logo but did not identify who produced them. SolidarityReuter - 94 words
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184 1989-11-11 3 AP A MAJOR Japanese construction company said on Thursday that it has designed a 500-storey skyscraper for Tokyo, a project it said was made possible by Japan's advanced techniques to protect buildings in earthquakes. "There is no immediate plan to start building it,"AP - 184 words
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Article, Illustration553 1989-11-11 3 REMARKS INDICATE DENG WILL STILL BE A POWERFUL FORCE Reuter CHINESE leader Deng Xiaoping said yesterday his mind wss clear and that he still had a political role to play despite resigning from his last CommunistReuter - 553 words
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440 1989-11-11 3 AP CHINA condemned the US Congress on Thursdsy for pressing ahead with plans for wide-rang-ing sanctions against Beijing, saying they would "cast new shadows" on Sino-American ties. A Party spokesman also accused Washington of being "too deeply involved"AP - 440 words
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Page 3 Advertisements
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Advertisement246 1989-11-11 3 SHOULD YOU BUY THE NEW COMPAQ DESKPRO 386/33 FOR ITS POWER OR ITS EXPANDABILITY? Hk C2S> YES. Never before has a desktop personal computer been capable of so much. Introducing the new COMPAQ DESKPRO 386/33. It's designed with more power, expandability and storage to give you optimal performance from a246 words
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Page 3 Miscellaneous
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Miscellaneous65 1989-11-11 3 Doonesbury by garry trudeau CMON, BILLY BOi, (aJAKE UP YOU'RE AN APPICT! THE FACT LETS STOP PRJV/NO APPICTS ANPSMELLTHES/HOKE! HASN*T THAT YOUR PRUG OF CHOICE UNP6X6POUNP AND START nvER THAT'S A YOUR. OWN INABILITY TO 60 r LEGAL, ANP ANOTHER CAN HELPING THEM! GET OUT AHEAP MypFAP POSS/&LITY, STRAIGHT TAUGHT65 words
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FOCUS
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Article768 1989-11-11 4 The Berlin Wall separates not just the two Germanys but is a profound statement of the East-West divide in general. FOCUS examines the popular response to the East German government's decision of opening its borders to citizens; and reactions in West Germany and elsewhere. Plus a reminiscencingAgencies - 768 words
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Article, Illustration449 1989-11-11 4 Cheers and fears in the US and Europe Agencies PRESIOENT George Bush on Thursday hailed East Germany's opening of its borders aa a "good development", but privately, his administration is growing concerned that the post-War European order is coming apart before any new stable structure has been established. Speaking atAgencies - 449 words
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Article610 1989-11-11 4 DAVID CHEW - By DAVID CHEW GERMANS and other freedomloving peoples all over the world have long regarded the 160 km Berlin Wall as a symbol of oppression since it was erected in 1961 to stem the increasing tide of East Berliners fleeing their communist homeland to610 words
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220 1989-11-11 4 AFP THE MASSIVE FLOW of East Germans into West Germany is beginning to arouse some sharp political tensions in the host country, and some local officials are even demanding a halt to the flood of refugees. The Mayor of Hannover Ui northernAFP - 220 words
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Page 4 Advertisements
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Advertisement629 1989-11-11 4 HOLIDAY IN FINLAND WITH BUSINESS TIMES V© JFancy playing golf at midnight? It's possible with Business Times. k k|\ a 7°h/ 0^ f i f fAii i 1a a\ XT u if u t r> i-r xr i V\\ a yi A 7-day trip to Finland with 5-star hotel accommodation629 words
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BANKING AND FINANCE
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Article, Illustration358 1989-11-11 5 tauter LONDON faces growing competition as an international financial centre as deregulation increases the appeal of other cities, the Bank of England has admitted. In an article released ahead of its Quarterly Bulletin, the central bank said London'stauter - 358 words
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Article, Illustration433 1989-11-11 5 BARCLAYS, NATWEST LIKELY TO FOLLOW SUIT AFP LLOYDS BANK said on Thursday that it was raising its provisions for doubtful loans to 29 Third World countries by £1.2 billion (US$l.9 billion). The move, barely three months after a general rise in provisionsAFP - 433 words
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355 1989-11-11 5 QUAK HIANG WHAI - By QUAK HIANG WHAI A TOP property trust executive yesterday predicted the emergence of'a strong and healthy Malaysian property trust industry in future. Mr N Murugiah, chief executive of Arab-Malaysia Property Trust Management (AMPTM), said the emergence of the industry will provide greater depth355 words
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117 1989-11-11 5 Bernama BANK NEGARA seized M 5250.000 in cash and Msl.s million worth of property from a cooperative which was alleged to haye cheated its depositors in Sabah, the Dewan Rakyat was told on Thursday. Deputy Finance Minister Datuk Wan Abu Bakar Wan Mohamad said SyarikatBernama - 117 words
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172 1989-11-11 5 AP FEDERAL LAW enforcement officials have announced a crackdown on a US$36O million international money laundering scheme, the largest in Brazilian hlstofy. Justice Minister Saulo Ramos told reporters on Thursday that Rio police cracked a two-year foreign exchange scam involving at least 15 major BrazilianAP - 172 words
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COMMODITIES
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Article253 1989-11-11 5 SINGAPORE: RUBBER prices closed little changed yesterday with Dec 1 RSS buyer quoted at 164.25 cents a kg, down half a cent from Thursday's close. On the TSR-20 Award market, prices rose slightly in the afternoon, erasing early falls. Trading was quiet. Dec buyer was quoted at 153.00 cents253 words
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Article170 1989-11-11 5 Reuter THE Kuala Lumpur Tin Market continued Ms downward fctnd yesterday, (ailing 36 sen to does at 18.97 ringglt a kg duo to followthrough speculative selling on the London Metal Exchange. Opening bids were at five tonnes, offers at 40. Some miners preferred to sell stocks for fearReuter - 170 words
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Article344 1989-11-11 5 RAS prices In S cent*/%8. FOB In bnlM NOON CLOSE Buyers Sailers Buyers SeMors bit 1 RSS Prompt 160.25 161.25N 161.25 162.25N Int 1 RSS Doc 163.25 163.75 164.25 164^5 Inr 1 RSS Jon 90 166.50 167.00 167.50 168.00 In* 2 RSS OP 159.00 161.00N 160.00 162.00N344 words
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Article612 1989-11-11 5 Bernama Reuter MALAYSIAN CRUDE PALM OIL FUTURES closed higher yesterday in active trading on the Kuala Lumpur Commodity Exchange (KLCE) on short covering activity and operators' reaction to lower stock estimates. The market opened about unchanged but was pulled up when a private on-line financial information service reportedBernama; Reuter - 612 words
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Article115 1989-11-11 5 CHICAGO Board of Trade soybean futures closed with modest gains on Thursday after prices rose late in sympathy with CBOT soy product futures and on talk USDA's production estimate may be less than many analysts forecast. USOA will release its latest crop production report at 1400 CST. Commission house115 words
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Article142 1989-11-11 5 Reuter CHICAGO soft red winter wheat futures closed with light losses but above the session's weakest levels. Exporters Cargill, Continental Grain and Elders were best sellers against buying spread among several commission houses. Dry conditions in the Great Plains hard red winter wheat areas limited losses in new-crop contracts.Reuter - 142 words
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Article196 1989-11-11 5 Chinese Produce Exchange Sellers' nor dosing prices on Nov 10 (S$/100 kg) Coconut oil Bulk FOB 89.00 Old drum FOB 99.00 Now drum FOB 103.00 Copra Mixed (loos*) 51.00 sellers Pepper ti. ijtffWWvH wTWie FOB NiW 405.00 Sarawak white FOB foq NLW 455.00 Sarawak spedol block FOB Ntw196 words
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Article142 1989-11-11 5 Telerate PRICES held steady from Thursday's levels in light trade. Potential sellers indicated slightly higher numbers after a refiner purchased November cargoes at $97 mt and $96.50 mt fob Sing through ITT. Buyers on the other hand remained sidelined. South Korean intereeted was heard for DecemberTelerate - 142 words
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Page 5 Advertisements
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Advertisement33 1989-11-11 5 j To Clothe In Style With Quality 4r> mM&i LEIGHTON S SHOP PTE LTD i >• 1"' 'r>.lmM K<M'i _ii l l v(„, .I r i 1 /,//<• \li-mhrr •SI\PORti roi RISTS SI\(i\PORH M VSTKR33 words
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Advertisement30 1989-11-11 5 The I Explore New Zealand as you please Jetset9 air new ztaiano QVI M 135 Cecil Street. #04 01 |V| 1 LKN Building. Singapore 01(16 TRAVEL TEL: *****01 ™TA 47530 words
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MONEY AND EXCHANGES
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Article1036 1989-11-11 6 SINGAPORE: The dollar closed slightly lower in Singapore in quiet trading yesterday on continued speculation the Bank of Japan is under pressure to raise its discount rste. The dollar fell to close at 142.85/96 yen from New York's close of 143.06/09 but was steady at 1.8515/25 marks. The1,036 words
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Article199 1989-11-11 6 London Commodity Exchange Buyer/Seller dosing prices on Nov 9, (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Bash in-sfor* London, toilers option OF London Nov 700/702 (706/709) KBgh/Low 706/698 Jan 689/690 (690/691) High/Low 696/681 Sot** (2373) Cocoa D«c 740/742 (727/729) High/Low 741/730 Mar 703/705 (699/700) High/low 706/699199 words
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Article182 1989-11-11 6 Gold futures on November 9, 1989 100 tray ounces; USS par tray ounca Opon Mfh Low Mta Now 387.10 -170 OK 390.70 391.40 388 40 ***** -1.80 Job 90 391.30 -1 JO Fob 395.00 396J0 393.10 39X60 -1.80 Apr 400.00 400.20 397.50 398.10 -1 JO Jim 404.30182 words
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Article401 1989-11-11 6 HONGKONG: Gold closed marginally firmer in quiet, thin trade yesterday as investors adopted a wait-and-see attitude in the absence of indications from the US market and a quiet dollar market. Late Swiss and local speculative buying offset early US Producer selling, they said. "Traders were reluctant to take401 words
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Article269 1989-11-11 6 Reuter ASIAN dollar deposit rates closed at their opening levels yesterday, after thin trading. Short-dates weakened 1/8 point at the outset on lower US Federal funds rate, but were unchanged in subsequent trade. Weekend and week-fixed closed at 8-1/2 8-3/8 pet each. Term rates were stable atReuter - 269 words
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Article167 1989-11-11 6 Reuter Eurodollar futures yesterday closed quietly steady on Simex on short-covering and weekend book-equaring. December closed unchanged at Chicago's 91.64 while March rose to 92.08 from 92.07. Around 5,885 lots were traded. Only three calls and two puts changed hands in Eurodollar options. Three-month Euroyen futures ended lower amidReuter - 167 words
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Article396 1989-11-11 6 i raairvg an pvuiviiiuvi iv, ivw Opan lo« W DM Op/to Vol EURODOLLAR OK 89 91 M> 9166 91.64 91.65 2393 14*77 7241 Mar 90 92.07 92.09 92.06 92.08 2928 ***** 5492 Ju» 90 9X12 9X14 92.11 9X13 371 S144 1057 Sap 90 92.00 92.03 9X00 92.02 318 924396 words
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Article275 1989-11-11 6 IMM CURRENCY futures closed a quiet session mixed on Thursday, with some high-yield currencies higher. Australian and Canadian dollar futures drew strength from their high-yield status, reinforced by the Federal Reserve s move this week to allow the fed funds rate to dip to 8-1/2 pet. Nearby Canadian contracts275 words
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Article52 1989-11-11 6 THE overnight rate on the Singapore money market rose by 1/8 to 5 1/2. The term rates remained unchanged. S$ Interbank rates at the dose yesterday: OFFEt MO 0»«rniflW SI/3 S 3/8 l-aortti S 3/8 S 1/4 S 3/8 S 1/4 3H-aMt> S 3/8 S 1/4 Ov«might mod*52 words
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Article107 1989-11-11 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BIO OFFER HKX LOW 3 months 8Q*****E 08.02.90 4.43 4.38 6 months BS*****V 18.01.90 4.43 4.38 1 y«or BY*****Z 18.10.90 4.38 4.33 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate MO OFFER HIGH107 words
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Article, Illustration180 1989-11-11 6 Indicates th* of Uf9 pnmt NHiGfng rivti Of 12 mafor banks In S'pora Interbank market rates (offer/bid) on Nov 10 US* DM SWFC Y«n 7 "1™ ••/>* 7/14 IS —U 7/1 7 13/1* 11/14 7 t 7/1 41/1 4 I mk 9/14 7/14 IS 14 7/4 77/1-7180 words
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Article1279 1989-11-11 6 CURRENCY FUTURES OPTIONS Friday Novwnb*r 10 1989 DEUTSCHE MARK (MMEX) D*c M call* OkNpuH 52 54 JAPANESE YEN (SIMEX) 0«c M caN* D«c n put* Mlgr. Low SM High Low M 75 Z Z CURRENCY FUTURES OPTIONS IMM Thursday, Nov«mb«r 9 1989 BRITISH POUND U2.900; cwtfs pmt Mi c—1,279 words
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COMPANIES & STOCK MARKETS
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Article, Illustration705 1989-11-11 7 By HOCK LOCK SIEW THE ANNOUNCEMENT by Singapore Telecom to privatise and offer shares to the public brought little cheer to the local stockbroker, the man in the street, the foreign fund manager and the merchant banker. It was difficult to getBy HOCK LOCK SIEW - 705 words
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283 1989-11-11 7 Bernama MYCOM Bhd is currently evaluating various business proposals to enhance the profitability of its group, says chairman Mohd Tamrin Abdul Ghafar. In his latest 1989 annual report, Mr Mohd Tamrin said that this was in addition to maintaining a steady rental income and seekingBernama - 283 words
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180 1989-11-11 7 THE SAMTA group has sold its entire stake in Sim Lim Investments to the Summa group which is making a takeover bid for Sim Lim. Samta announced yesterday that it has accepted Summa Surya International's offer of $1.60 for each180 words
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Article591 1989-11-11 7 Conversion terms Premium; Amount Prices (as at 10.11.89) (discount) Expiry issued Optional" y (m units) Wrts j Share Ln stk Ln stk Cash Cash 1 I Ln stk 2 Gearing 4 p nom Date nnths value left CKTang 16.9 2 850 5.400 1.00 2.25 -6 1591 words
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Article, Illustration615 1989-11-11 7 BREADTH AND DEPTH WILL BE ENHANCED, SAYS KLSE GENERAL MANAGER Reuter THE KUALA LUMPUR stock market, long overshadowed by its more sophisticated cousin in Singapore, is set to burgeon after its 16-year link with the Singapore bourse is severed. Malaysian officials andReuter - 615 words
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Article, Illustration484 1989-11-11 7 MBT GUINNESS MALAYSIA Bhd is to carry out a complete review of the marketing. operating and financial aspects of its brewing business after shareholder approval is obtained for its proposed merger with Malayan Breweries (Malaysia) on Nov 14. The whole programmeMBT - 484 words
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Article, Illustration1124 1989-11-11 8 ABDUL HADHI - by ABDUL HADHI PROPERTY STOCKS led the Singapore stock market yesterday in lifting share prices in moderate trading. Brokers said buying sentiment was spurred by the return Qt some institutional buyers who had hogged the sidelines recently. Admitting surprise, one broker said: "This must1,124 words
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Article307 1989-11-11 8 Managtn' pricti for Nov 11 13 Royal Trust Ass«t Mgt IT S pore Gr Fund 0805* 0865* IT Ana Poc Gf Fund 1065 1.145 t. t. 9 Singapore Unit Trust The Commerce 1 18 125 The Savings Fund 101 107 S'por* frog fuod 045 049 S'fxxt W Fund307 words
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Article48 1989-11-11 8 QANDA HOLDING BERHAO: EGM at 10th floor. Wisma Central. Jalan Ampang,so4so Kuala Lumpur, Malaysia, today at 10.30 am ROTHMANB OF PALL MALL (MALAYSIA) BHD: 28th AGM at Petaling Jaya Hilton Hotel, 2 Jalan Barat. ***** Petaling Jaya, Selangor Oarui Ehsan. on Nov 13, Monday, at 2.30pm.48 words
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Article6418 1989-11-11 8 Gr's Of'i 1989 Tel Last Vol Day Last Quota Dlv Dlv Y'ld Nat M Cap High Low Coda Company Sale 4- or- (*000) High Low Buyer Seller C'vr P/E Smll NOV 10 SESDAQ 330 120 t 4000 Amtek Eng 20# 328 call +18 84 330 314 3286,418 words
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Page 7 Advertisements
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Advertisement55 1989-11-11 7 REMOVAL NOTICE it 111 l /Mill ASEA BROWN BOVERI Asea Brown Boveri Pte Ltd (excluding ABB Service) ABB Regional Product Centre Pte Ltd (Marketing/Sales Division) With effect from 13 November 1989, our office will be relocated to 2, Ayer Rajah Crescent Singapore 0513 Telex: RS ***** ABBRPC Fax: 778 022255 words
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Page 7 Miscellaneous
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Miscellaneous146 1989-11-11 7 The Business Times WRMjUJ Friday, October 27,1989. r O F I T sse t s 3 D EB T mmi 4FIS C A L sBl N V E S T Saturday, October 28,1989. IF U T U RES FUNDS HI MIXED SIM E X BONUS Monday, October 30,1989. R A146 words
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Page 8 Advertisements
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Advertisement6 1989-11-11 8 at Chesa Hotel Equatorial. Tel: *****316 words
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KLSE
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Article, Illustration3512 1989-11-11 9 MBT SHARE PRICES closed mixed on the Kuala Lumpur stock market yesterday in extremely quiet trsding. The session also saw the end of the open-cry system as the last of the 48 counters will be placed under Score (System on Computerised Order Routing and Execution) fromMBT - 3,512 words
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Page 9 Advertisements
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Advertisement8 1989-11-11 9 A Sichuan Culinary Heritage j at Golden Phoenix8 words
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REGIONAL MARKETS
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253 1989-11-11 10 SALE ONE OF His BIGGEST PROPERTY DEALS AFP JAPAN'S EIE Corporation has bought two Auckland properties from Chase New Zealand Property Group for NZ$l6O million, the two companies announced on Thursday. A joint statement said that the sale, which is subject to approval fromAFP - 253 words
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415 1989-11-11 10 AFP A TAIWAN CONSORTIUM including both government and private tunda will spend some US$2OO million to buy the US-baaed WYSE Technology Inc. caah-rich Taiwan s largest-ever overseas acquieition. If completed, the aale would aiao mark the first buyout of a Hated USAFP - 415 words
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87 1989-11-11 10 AFP AJINOMOTO CO, Japan's largest integrated food proceasing company, la to form a Joint venture with a Taiwan food-maker to produce frozen food in Taiwan. The Ajinomoto-Tong Haing Co. capitaiiaed at about 990 million yen. will be 65 per cent owned by Ajinomoto andAFP - 87 words
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147 1989-11-11 10 Reuter ESSO Production Maiayaia Inc (EPMI), a unit of Exxon Corp, aaid ita operationa and development coats in Maiayaia would aoar to 1.5 billion ringgit (US$556 million) next year, a 50 per cent increaae over 1969. EPMI's production manager. Larry Smedley, said the bulkReuter - 147 words
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Article, Illustration623 1989-11-11 10 Tokyo Reuter, AFP TH6 Nikkei index of the Tokyo Stock Exchange reached new heights yesterday before slipping in a crosscurrent of arbitrage selling and incentive-back-ed buying. The 225-lasue Nikkei Stock Average, which gained 61.83 on Thursday, ended 5.78 up. or 0.02 per cent, to close at 35.863.20 onReuter,; AFP - 623 words
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Article, Illustration505 1989-11-11 10 Australia Reuter AUSTRALIA'S share market finished weaker yesterday after its gold-inspired rally ran out of steam and following Wall Street's late sell-off. The All Ordinaries Index closed 12.5 points down at 1,636.3, near the day's low. The All Industrials Index closed at 2567.6, down 17.7 and theReuter - 505 words
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Article, Illustration1270 1989-11-11 10 Hongkong HONGKONG stocks slipped steadily yesterday after an earty burst of buying. inspired by news that China's top leader Deng Xiaoping had resigned from his last Communist Party poet petered out The drop followed Thursday's mors than 50point hike on the news of Mr Deng's1,270 words
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Article382 1989-11-11 10 Reuter THE Taiwan stock indax closed lower on profit-tak-ing after early gains yesterday, brokers said. Tha weighted index slipped 7.08 points to 10.127.05. Turnover was NTS 129.9 billion against NT5126.97 billion on Thursday. Brokers said buying by large players trying to calm investors nervous before the DecemberReuter - 382 words
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Article242 1989-11-11 10 Reuter STRONG buying support for Thai construction blue chlpe pushed the stock index up yesterday while most other sectors remained quiet, brokers said. The SET Index closed 6.46 points higher at 722.74 in very active trade. Gains outnumbered losses 52 to 48. Most active were PadaengReuter - 242 words
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Article75 1989-11-11 10 Reuter TURNOVER on the Jakarta stock markat nearly doubled to 1.26 million shares yesterday from Thursday's 685,945. with chemical firm Unggul Indah Corporation dominating trade, the exchange said. The exchange's index gained 0.35 points to 435.92, while the Jardine Fleming Nusantara index was 0.07 points higher atReuter - 75 words
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Article288 1989-11-11 10 Reuter SEOUL stocks surged ahead yesterday from Thursday s record gains as investors continued to buy on news of marketboosting features, brokers said. The compoeite index roee 20.38 points to close at 927.59. Brokers said the market centred on construction, trade and financial securities, with all threeReuter - 288 words
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Article195 1989-11-11 10 Reuter PHILIPPINE shares closed mixed yesterday but gains posted by mining issues pushed the main stock index to a new record high, brokers said. The Manila Stock Exchange composite index edged 0.04 points up to close at 1,363.27, the fourth time this week It has breachedReuter - 195 words
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Article84 1989-11-11 10 Reuter NEW ZEALAND shares ended higher in dull trade yeaterday. the Barclays Index rising 10.72 points to finish at 2,070.40. "It was pretty boring," one broker said. Wilson Neili's vastly improved interim profit, which included an extraordinary gain of NZ513.61 million, was released too late toReuter - 84 words
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Page 10 Advertisements
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Advertisement349 1989-11-11 10 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF RICHARD PRECISION METALS PTE LTD (In Members' Voluntary Wlnding-Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 101-A Upper Cross Street, #11-22 People's Park Centre, Singapore 0105 on Monday,349 words
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Advertisement348 1989-11-11 10 irrmrasrtireF THE COMPANIES ACT. CAP. SO ANO IN THE MATTER OF THE ASIATIC TRADERS SENOIRIAN BERHAO (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company duly convened and held on 9th November 1989, the following Special Resolutions were duly passed 1. That THE ASIATIC TRADERS348 words
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Advertisement334 1989-11-11 10 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF SEAH GUAT UM ENTERPRISES PTE LTD (Incorporated In the Republic of Singapore) At an Extraordinary General Meeting of the members of Seah Ouat Llm Enterprises Pte Ltd duly convened and held at 6 Mart la Road334 words
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Advertisement8 1989-11-11 10 The Bombay report was not avallabla at praM-tlma.8 words
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Page 10 Miscellaneous
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Miscellaneous34 1989-11-11 10 LLAR$ AND NON$EN$ c 1864 (MMO f Him SyndtcaM.mc 3 > I i 1/ 11 fe £-J- 1 •v—roo 0- "Whenever it's a damp drizzly November in my soul, I do a little profit taking."34 words
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WORLD MARKETS
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Article, Illustration891 1989-11-11 11 New York Reuter WALL STREET stocks closed lower on Thursday after investors waited in vain for major banks to cut their prime interest rates and after the Federal Reserve gave no further indications of easing credit, traders said. Traders and analysts also saidReuter - 891 words
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Article, Illustration841 1989-11-11 11 London Reuter SHARE PRICES met renewed demand shortly after a dull start yesterday to the last day of the account, following news of Unilever's third quarter results. By 0944 GMT the FTSE index was 10.1 points up at 2,212.0 having opened at 2,198.3 on volumeReuter - 841 words
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Article1418 1989-11-11 11 Reuter PARIS: French share prices were firmer by mid-session yesterday as renewed interest in Metaleurop and a handful of other special situation stocks offset concern about Wall Street's weakness on Thursday, dealers said. The CAC-40 index was 0.35 points up at 1,801.44 by 1100 GMT after openingReuter - 1,418 words
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Article98 1989-11-11 11 Reuter OIL GIANTS Shell and BP on Thursday unveiled lower third-quarter profits, blaming crude oil price volatility on world markets Royal Dutch/Shall Group said net income for the third quarter of the year fell to £662 million (US$l.O3 billion), 16 per cent lower than theReuter - 98 words
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Article110 1989-11-11 11 HONGKONG All Industrials MmmVmma 1 Fridoy 2,587 6 nongxong maex Thundov 2 605 3 ™°V '-827*5 Z6352 Thundoy 1*3059 090 WMk ago 1803 61 NEW YORK Hang Song Indox Dow Jones Frtdoy 2.776 86 Thurlrfm 3iimA9 wHZk 0 97*79 VV«dn«6oy 2.***** W# Z 739 79 WMk ago 2.*****110 words
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292 1989-11-11 11 Reuter ANALYSTS in London have ruled out a rival takeover offer for Rothmans International Ltd. Rothmans Tobacco (Holdings) Ltd (RTH), a unit of Swiss-based Compagnie Financiere Richemont AG, earlier said it will acquire the Rothmans International shares it does not already own.Reuter - 292 words
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Page 11 Advertisements
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Advertisement10 1989-11-11 11 Ths Brussels rsport was not svsllsbls st prsss-tlms ysstsrdsy. 737-11**10 words
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Advertisement746 1989-11-11 11 Sv SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) ANNOUNCEMENT RESULTS FOR THE YEAR ENDED 31ST AUGUST 1989 The Directors have pleasure in announcing the audited results of the Group for the year ended 31st August 1989. CROUP COMPANY Change 1. 1989 1988 or 1989 1988 Ssooo SSOOO SSOOO Ssooo Turnover746 words
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486 1989-11-11 12 BLOW TO BALANCED BUDGET GOAL AFP THE Chinese government has poured another 4.1 billion yuan (US$l.l billion) into mon-ey-losing state factories in a quick blow to a just-stated goal of balancing its red-ink budget. The latest loan to crippled large industrial enterprises, reported byAFP - 486 words
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Article412 1989-11-11 12 GENEVIEVE CUA - TDB ADVISES COMPANIES NOT TO OVERBID FOR OUOTAS By GENEVIEVE CUA OZONE-OEPLETING GASES will be put on the block for the second time this year starting today, and suppliers and endusers contacted by BT are bracing themselves for even higher quota prices. The Trade Development412 words
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142 1989-11-11 12 AP FORMER Beatles Paul McCartney. George Harrison, Ringo Starr and the wife of the late John Lennon have settled a series of lawsuits among themselves and their record companies, ending a decade of legal fights. The settlements between the members of the group,AP - 142 words
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483 1989-11-11 12 WILLIAM CHIA - By WILLIAM CHIA A FORMER deputy chief dealer of the Arab Banking Corporation was charged in court yesterday on three counts of cheating related to foreign exchange transactions. Tan Kia Pin had on several occasions in May 1988 deceived his bank into483 words
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478 1989-11-11 12 Reuter HONGKONG'S major international debt issuer, the Mass Transit Railway Corporation, is staging a road-show for overseas investors to try to counter the drag effect of China's political upheaval on the colony's borrowing prospects. "It's necessary to make sure overseas investorsReuter - 478 words
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Article186 1989-11-11 12 SHIPPING TIMES is growing. From Monday, we add two pages to the section in order to bring readers a bigger package of local, regional and worldwide news. There will be a better mix of news and features on the various sectors of the marine industry. Readers186 words
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275 1989-11-11 12 Reuter SOUTH KOREAN planners' promise of measures to boost the slowing economy has sent the Seoul stock market skyrocketing but economists said yesterday that they expected no fundamental policy change. Finance Minister Lee Kyusung told reporters yesterday that his ministry was working onReuter - 275 words
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151 1989-11-11 12 AP A US Federal Reserve Board governor says the bank needs to reduce inflation to about 3 per cent in 1990 and he expects to meet that goal in the first half of the year. "We do need to get in the 3AP - 151 words
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LATE FILE
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Article65 1989-11-11 12 AFP NORTH Korea's official media yesterday extolled its rigid socialist system, resuming a propaganda campaign against the rising tide of reform in Eastern Europe. "Our socialist state provides all the people with jobs according to their aptitude and talents and takes care of them so thatAFP - 65 words
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Article29 1989-11-11 12 AFP AUSTRALIA and New Zealand yesterday settled details of a US$3.3 billion joint-frig-ate project, with the first keel to be laid in about two years.AFP - 29 words
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Article54 1989-11-11 12 AP THAILAND'S largest commercial bank has projected that the country's economy will grow 10.4 per cent this year, then drop to 9.4 per cent In 1990. The Bangkok Bank said that there wera many signs that the economy would cool down late this year andAP - 54 words
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Article43 1989-11-11 12 Reuter US TRADE Representative Carla Hills told Japanese Trade Minister Hikaru Matsunaga in Tokyo yesterday that global trade talks could not succeed if Japan and the US, the world's two largest trading nations, could not settle their disputes.Reuter - 43 words
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Article35 1989-11-11 12 Bernama THE MALAYSIAN Finance Ministry's tax division is working out the detailed plan to make Labuan a tax haven. Treasury secretary-general Tan Sri Zain Azraai said in Kuala Lumpur yesterday.Bernama - 35 words
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34 1989-11-11 12 AFP A SENIOR Malaysian official said yesterday that Britain still supported Asean's position on Cambodia in spite of its recent announcement distancing itself from the Khmer Rouge. AFPAFP - 34 words
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Article69 1989-11-11 12 COMEX GOLD futures were slightly lower in quiet early trading yesterday. The session was expected to be quiet and featureless. US government offices were closed in observance of the Veteran's Day holiday. Scattered commission house activity brought December US$l.OO lower to US$3BB.OO an ounce. Deferred February was down69 words
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Article1762 1989-11-11 12 AT CONVENTIONAL WHARVES VmmI Voy No B*rih Arrival Departure yiw WIUlF®® Equator Groc 16/896 K20 alongside 11.11/1800 Equator Gran 12/WE IC20 olongside 10.11/ 2399 Gold Asia 4W IC29 olongside 1011/ 1700 Jinhuquon 7 K30 alongside 14.11/ 0600 Koto Benar E-821 K32 olongside 13.11/1500 KotoEfapres E-822 K3I olongside1,762 words
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Page 12 Advertisements
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Advertisement13 1989-11-11 12 Deng tells Kissinger he still hes a political role to play, PAGE 313 words
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Advertisement8 1989-11-11 12 The silver report was not available at presstime.8 words
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Executive Lifestyle
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Article, Illustration1378 1989-11-11 13 FOO CHOY PENG - To many an untravelled Westerner, the Chinese woman is more likely than not Joan Chen if he's lucky, Nancy Kwan if he's distinguished and the Empress Dowager if he's dead. Thanks to many a supposedly travelled author. Now, will the real Chinese woman please speak1,378 words
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Article, Illustration317 1989-11-11 13 KOBE'S Merikien Park may have once too often been the scene of errant canines and not a few headaches. Among the explicit rules for visit tors are prohibitions from playing games with a hard ball, and leaving your dog in the park. (CARRIED in London's no-nonsense317 words
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Article, Illustration608 1989-11-11 13 SANGEETA MULCHAND - with SANGEETA MULCHAND THERE'S SOMETHING about a friendship that spans a quarter of a century that warms the heart. Mother-in-law problems, nappy-rash, even juvenile delinquents claiming to be your kids astonishingly fade away when there's someone who understands. Well, someones would be more appropriate in this608 words
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Commentary
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Article, Illustration993 1989-11-11 14 ASAD LATIF - ASAD LATIF The writer is the Foreign Editor of Business Times. RICHARD NIXON'S VISIT to China last month brought back more than newspaper memories. The memories, sharpened into understanding by time, were there memories of how the former US President had neatly993 words
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774 1989-11-11 14 LEE HAN SHIH - LEE HAN SHIH The writer is the Property Cor- respondent of Business Times, n THE PROPERTY MARKET, like any other market, has its booms and busts, its upswings of euphoria and downswings of despondency. In its moments of optimism, along with spiralling774 words
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731 1989-11-11 14 Charlie Lau Suan Liat - Letters to the Editor Charlie Lau Suan Liat (JOB tecurtttM Dear Sir, The Malaysian Finance Minister has finally spoken in Parliament to divorce the Kuala Lumpur and Singapore stock exchanges. Many must have seen this coming. The fact that it did not731 words
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146 1989-11-11 14 Company Secretary - Company Secretary Dear Sir, I refer to my letter (BT, Oct 14-15) in which I asked the AG's Chambers to clarify if the investment fluctuation reserve (IFR) kept under Section 363 of our Companies Act is available to fund dividends. I understand that146 words
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142 1989-11-11 14 D W Distant - D W Distant Dear Sir, In August 1987, I bought units in Union Gold Fund at $1 par. I stay clear of unit trusts but made this an exception to oblige a friend who was involved in setting it142 words
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435 1989-11-11 14 Farok Majeed - Farok Majeed Chairman, Renovation A Decoration Advisory Council of the Consumers' Association of Singapore Dear Sir, We refer to the letter "Horror stories renovation contractors have to put up with" in The Straits Times (Oct 27). The Renovation Decoration435 words
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83 1989-11-11 14 D W Distant - D W Distant Dear Sir I refer to the letter from Robinsons' chief executive (BT, Nov 4-5) quoting financial data to show the company's positive progression over the last five years. But the fact remains that based on ROE, Robinsons came out last of the83 words
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93 1989-11-11 14 Rigor Mortie - Rigor Mortie Dear Sir, There are many more coughs and colds associated these days with flying than years ago, perhaps because ventilation on planes is not as good as it used to be. It would be better to have93 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration1202 1989-11-11 15 JAIME LYE - Every time there's a beauty pageant, everyone goes ga-ga over the girls. But how about sparing a thought for the poor emcee whose unenviable task it is to make the girls look good, intellectually, as well as physically? With the Miss Tourism Singapore pageant behind us,1,202 words
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Article, Illustration702 1989-11-11 15 DAVID BRAZIL - v LANGUAGE By DAVID BRAZIL David Brazil is a sub-editor from London, currently with The New Paper. WHEN I STARTED my often enjoyable work with The New Paper, I carried some of my London ways with me. At the beginning, I felt really odd to wear a shirt702 words
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Article, Illustration606 1989-11-11 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG THE MENU is as menus should be a listing of courses and courses and courses. But this is no ordinary menu. It is the menu of a master chef whose Citrus Restaurant in Los Angeles was voted in 1988 the best new restaurant606 words
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Article, Illustration912 1989-11-11 17 RICHARD SEAH - HEALTH By RICHARD SEAH Richard Seah is the editor of The Good Life, a health magazine. PROFESSOR doctor doctor is the correct way to address Karl Heinz Schmidt. "Doctor of science and doctor of medicine," explains the professor of experimental medicine at West Germany's Tubingen University.912 words
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Article, Illustration1239 1989-11-11 17 JUANITA SHAKILA - Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Sadao Watanaba Watanabe jazzes up the stage at the World Trade Centre Auditorium, on Nov 27 28 at 8.30pm. Tickets at $80. $60, $40 and $25 are available at Jasper Productions and Tangs (2nd level. Customer Service Dept). tMdtar Loekwood Described as the1,239 words
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Article, Illustration447 1989-11-11 18 DEXTER LEE - THEATRE By DEXTER LEE THERE ARE PLOTS and there are plots but the plot in House Guest takes the cake. Talk about convoluted. The bad guys kidnap a boy and give a mysterious demand to the boy's parents as ransom: play host to a stranger for447 words
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SHORT TAKES
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Article111 1989-11-11 18 WELL-KNOWN perfume house, Nina Ricci, has extended the designs of its perfume bottles to its latest range of watches launched recently in Singapore. Each timepiece model is crested to match the mood of its frsgrsnce lines. If you have ever wondered if the delicate layers of mother-of-pearl111 words
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Article170 1989-11-11 18 THE CHAIRMAN of Dickson Concepts Ltd. Hongkong, flew in specially for a preview of Chopard jewellery and timepieces over st the Hystt last Tuesday. Mr Dickson Poon was in town, and so was the president of Chopsrd Geneve. Mr Karl Scheufele. Invited guests pored over the displsy cases170 words
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Article108 1989-11-11 18 THE FASHION HOUSE of Csrven gave some 300 diners an opportunity on Thursday to view its extravagant Haute Couture Autumn-Winter Collection 1989/90 of day and evening wear. The occasion was a charity gala dinner at the Mandarin Hotel in aid of the Ex-Services' Association of Singapore. And to108 words
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Article58 1989-11-11 18 THOSE who enjoyed The Msd Chinaman's sntics on tape can catch Dick Lee and sidekick Jscintha at Mandarin's Kasbah tonight at 11.30 pm. Fans looking for a fried rice paradise would hope that the Mad Chinaman characteristics! ly comes up with a few surprises beyond the "songs,58 words
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Article, Illustration1330 1989-11-11 18 QUEK SWEE PENG - AUCTIONS By QUEK SWEE PENG THE MILIEU of Picasso's bohemian gaiety mirrors only partially the true tomfoolery of harlequins. While the clowns are there; the cheer is not. Picasso's harlequins wear masks of extraordinary poignancy the downcast face, the distressed eyes, the drooping mouth. A quiet,1,330 words
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Article, Illustration541 1989-11-11 18 Quek Swee Peng - PROFILE *r Quek Swee Peng RICHARD THOMPSON unashamedly professes to being a typical, American artist. No pre-conceived pretensions. No presumed patterns. No airs. Just an artist at work. An artist who draws inspiration from the past, the present and the psychology of perception. The viewer is541 words
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Executive Lifestyle: Pursuits
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Article, Illustration799 1989-11-11 16 N K YONG - By N K YONG SOME PAIRINGS of French and New World wines provided interesting comparisons during the recent International Festival of the International Wine and Food Society held in Singapore. The Sauvignon Blanc grape has become almost as übiquitous as the799 words
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Executive Lifestyle: Sports
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Article, Illustration562 1989-11-11 20 CHARLES SAVAGE - GOLF By CHARLES SAVAGE Nf£Mf BOY on the block Samson Qimaon is showing the old guys how the game is played. He bttfted another 68 (34,34) yesterday for an eight-under 136, leaving his nearest rival eating dust six strokes behind. u l didn't expect562 words
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306 1989-11-11 20 AP AUSTRALIAN Peter Senior shot a 4-under-par 68 yesterday to romp to a two-shot lead after the second round of the US$4OO,OOO Australian PGA golf championship at Riverside Oaks. Senior wielded his unorthodox long putter with great aplomb to reach the halfway stageAP - 306 words
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Article, Illustration583 1989-11-11 20 JEROME FANDOR - OM TMCK With JEROME FANDOR THE SINGAPORE MEET starting today features no less than tour important races. There is a competitive $100,000 Equinex Cup today over 1600 m, the feature race tomorrow for Class 1 thoroughbreds and the $50,000 BMW Performance Cup over583 words
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357 1989-11-11 20 MOTOR-RACING AP FORMER world champion F-1 racer Ayrton Senna said on Thursday he was no longer sure he had the motivation needed to continue competing in the Formula One Grand Prix circuit, a sport he said was "manipulated by economic and political pressure groups".AP - 357 words
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Article, Illustration341 1989-11-11 20 TENNIS AP JAN GUNNARSSON of Sweden stunned defending champion Boris Becker 6-3, 7-5 on Thursday in a third-round match of the Stockholm Open tennis tournament. Gunnarsson, 27, played dream tennis. But the Swede, who was ranked 36th going into the tournament, had to staveAP - 341 words
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Article131 1989-11-11 20 AP AUSTRALIAN Walfy Masur and Americans John McEnroe, Michael Chang and Brad Gilbert clinched quarter-final berths on Thursday in the U*****,000 Wembley tennis championship. The top-seeded McEnroe beat an erratic Eric Jelen of West Germany 6-4, 6-1, while Masur downed Martin Strelba of Czechoslovakia 7-6,AP - 131 words
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Article, Illustration323 1989-11-11 20 BASKETBALL AP CHARLES OAKLEY had 17 of his 22 points and 11 of his 18 rebounds in the second half and Patrick Ewing's dunk with 1:22 left gave the New York Knicks their first lead of the game in a 107-105 victory overAP - 323 words
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Executive Jobs
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Article, Illustration559 1989-11-11 21 SHOEB KAGDA - By SHOEB KAGDA HOW DOES one determine how much a job is worth? This is a question that increasingly will be asked by companies as they compete to recruit and maintain high-quality staff. Paying an employee his due is thus no longer a simple affair.559 words
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Article, Illustration392 1989-11-11 21 DYNAMAR Holdings has appointed Jake R Saady managing director. Mr Saady joined Dynamar Computer Products (Pte) Ltd, a subsidiary, in late August as general manager. In his new position, he will be responsible for all Asian operations. Mr Saady has extensive experience in manufacturing, engineering and marketing,392 words
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Article, Illustration1332 1989-11-11 21 DAVID MARCHINGTON - A new breed of executives is needed at the helm of companies in the business world of the 21st century. For the CEO in particular, this not only means moving to a different drumbeat but spells challenging new demands, writes DAVID MARCHINGTON. DAVID MARCHINGTON1,332 words
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358 1989-11-11 21 TAN KEE WEE - By TAN KEE WEE IF YOU know of a young executive who has poise and style, leadership qualities and achievements to match, and is eligible for a credit card, nominate him or her for the Baileys Executive of the Year 1990 Award. Starting358 words
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Executive Lifestyle: Investment and Finance
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739 1989-11-11 22 ALVIN TAY - PERSONAL FINANCE By ALVIN TAY, Financial Editor THE EXISTING interest rate structure of banks and finance companies here clearly favours fixed deposits to savings deposits. The major local banks, for example, are paying 2.75 per cent to 3.25 per cent per annum for739 words
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151 1989-11-11 22 Premature withdrawals what the rules say WITHDRAWAL of fixed depoeits before maturity will not normally be permitted. But where exceptions are made, interest payable shall be based on the lower of the following two rates: the interest rate originally contracted, and the interest rate for the completed periods of three,151 words
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Article, Illustration902 1989-11-11 22 LI HIAW HO - By LI HIAW HO M Li Hiaw Ho is director, valuations, of Richard Ellis (Pte) Ltd CONDOMINIUMS make excellent investment options especially when there are no restrictions on foreign ownership. But in this bullish market, wise investors should still avoid rash speculation and consider more902 words
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Article, Illustration176 1989-11-11 22 Goola Warden - CHARTPOINT -by Goola Warden OUB SaeurHlaa A POINT AND FIGURE TEST, and eventually, a break of trend took place in October, as evidenced by lines X on charts 1 and 2 of the STII. However, this is not enough to make a case for extreme176 words
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Article, Illustration870 1989-11-11 22 INTEREST-RATE SWAPS The Economist NOTHING seems to halt the growth of the markets tor inter-eet-rate and currency swaps. The twice-yearly survey by the International Swap Dealers Association shows that, at the end of 1968, US$l.3 trillion worth of swaps were outstanding. That is up by someThe Economist; Source: - 870 words
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627 1989-11-11 23 ANDREA BORCH - SESDAQ STOCKS By ANDREA BORCH TWO FORCES are working in the market to increase investors' enthusiasm for Singapore's junior board, Sesdaq, as shown by strong price gains and volume in the past few weeks. The spectre of the delisting of Malaysian counters from the Stock627 words
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Article552 1989-11-11 23 DEXTER LEE - GOLD OPTIONS By DEXTER LEE THE PRICE of gold has been on the rise lately, but market players remain wary about whether the uptrend is going to last. Gold experts, meanwhile, are split in their outlook for the yellow metal in the short term. In situations552 words
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Don't quote me...
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Article118 1989-11-11 23 THE CONCEPT of a Singapore-based multinational is relatively new, so it is not surprising that Singapore companies expanding overseas are sometimes greeted with disbelief by foreigners. A local listed company recently decided to move into the United States market by mounting a friendly takeover for a consumer goods118 words
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Article122 1989-11-11 23 IN THE FILM Wall Street, Buddy Fox posed as a cleaner to gain entry into a law firm to extract vital information on corporate takeovers. If he had operated In Singapore, he needn't have bothered. Confidential material is sometimes available more easily. Recently, an insurance company gained notoriety122 words
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Article, Illustration258 1989-11-11 23 C DOW - Money trends By C DOW Mr Dow is an investment manager with a major local publicly-listed company. NOT SURPRISINGLY, the current upward thrust in the price of gold has unfolded some rather bullish chart formation. An important downtrend line that had resisted every intermediate258 words
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Executive Lifestyle: Entertainments, the Arts & Pursuits
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Article, Illustration600 1989-11-11 24 LAWRENCE TAN - CINEMA By LAWRENCE TAN WATER WATER everywhere and not a fish in sight. But that's not the problem facing the intrepid cast of Thm Abyss. Neither is the matter of quenching their thirst. No, their albatross is a nuclear warhead fathoms underwater which is about to600 words
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Page 13 Advertisements
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Advertisement38 1989-11-11 13 fIP|HH 9^H^HMAjjtf^aHfl|tfHia3||iAiiAAXAl^ii^^^^^V« *****44 *****44:^ Hong Leong Finance Singapore Finance kU**h£*ftm emfmmp. MLf OIS6 V 0157 Cf*T73 Tilli BURBERRY \t \TCU COLLECTIO K< I m. v\ I '< m, >' <~ Sr -x^ r 0 THE LEGEXJ/jntOWS l\ TIME \J>v W L38 words
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Page 14 Advertisements
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Advertisement84 1989-11-11 14 SINGAPORE BUSINESS i I fgfft I I cost I m 1 ■JSSW \\l «i\na tne \ab° ur \\l cc*•|| Battt $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS e Special report: How much is an MBA degree worth in Singapore? The soaring cost of recruitment e Coping with jetlag, the globe-trotter's84 words
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Advertisement58 1989-11-11 14 GBT V welcomes letters from Its readers. Letters must include the author's name, address and home and office telephone numbers. BT reserves the right to edit letters for purposes of I clarity and space. Please address letters to: The Editor, Business Times, Times House, 390 Kim Seng Road, Singapore 092358 words
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Page 15 Advertisements
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Advertisement316 1989-11-11 15 BBmJBSS YOU HAVE STYLE. YOU HAVE SUBSTANCE. YOU DESERVE AN AWARD.I Should it be you... or, should it be someone Rewards share with your friends at Singapore's top JOl you know? The Baileys Executive of the Year trophy venues. ifeßik Achievement has become your second (specially commissioned Irish crystal). And316 words
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Page 16 Advertisements
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Advertisement286 1989-11-11 16 Whet? to entertain... Where to entertain... Where tv entertain... Where ft? Classics of Quangzhou NOVEMBER 6-19 "A good life is to be born in Suzhou, live in Hangzhou and eat in Guangzhou'*, so goes a well-known Chinese idiom. The Westin Plaza has brought in 3 master chefs from Guangzhou's renowned286 words
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Advertisement202 1989-11-11 16 mehup s 0^ Ming Court Hotel celebrates the Heritage Week by bringing you our Merlion Buffet. You can sample a wide variety of local dishes for only I $16.90++ at Coffee Pot. Lunch 11.30 am -2.30pm I Dinner: 7.00 10.00pm f ntna coum motcl No. I Tanglinßoad Singapore 1024Te1: *****33202 words
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Advertisement263 1989-11-11 16 j oonneos Meafc A seafood restaurant TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CALIFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOO EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR263 words
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Advertisement178 1989-11-11 16 I sm/AY f iyou* stop fom music.drinks 4 more After 6 HAPPY HOURS: 6pm to Bpm Monday to Thursday: 6pm lam Friday. Saturday 6pm 2am PH Kve Closed on Sunday Plaza Hotel smCAtoif WIXI'MW i B7HIH am mm®# 0 1 124 -hr 5) %Af here the setvee is good. if178 words
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Advertisement265 1989-11-11 16 BEIJING'S BECT Ut/A, The best of Beijing at the Pine Court's Lunch fIILJ Buffet. |f you've enjoyed our sumptuous Baked 3&tn Fkxx j ench steamed Dumplings, Double-Boiled Duck Soup with Herbs and Shredded Duck Meat with Bean Sprouts served with Empress Purse, you'll be glad to know they are here265 words
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Page 17 Advertisements
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Advertisement224 1989-11-11 17 ftiterfafti...J K oljubertus (?>rtU ll lEveby Sunday I I Theme's A I i. Family Feast I ■i I In The Park. |L At the Hubertiu Grill, Sunday brunch is a great I outing for the family. A glorious buffet spread if laid IJ out for both grown iipo and children.224 words
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Page 17 Miscellaneous
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Miscellaneous737 1989-11-11 17 CRYPTIC PUZZLE 8 Having put a stone or 4 Minor (6) ACROSS two? 1 5 Breed of dog (8) 11 Since I'm standing in 6 Intense competition 9 Miss, but not for long f or a friend from (10) (5. 2. 2) abroad (5) 7 Chests (7) 10 Not at737 words
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Page 18 Advertisements
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Advertisement38 1989-11-11 18 it I liLin SWsamrAz^';r mwim H B? iyfl B^Sr^P ty «;\^v COMPANY 131' ID! AS I-ROM MASSIMO OSTI C.P. COMPANY BOUTIQUE TANGS STUDIO (LEVEL 1 SCOTTS SHOPPING CENTRE, SINGAPORE 0922 SOLE AGENT FIELDSTONE TRADING PTE LTD ft V38 words
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Page 19 Advertisements
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Advertisement23 1989-11-11 19 h.* v **y ty^o/^ ce»ce» t?,* 3Hlß^*i v r «s i*k xt' 6 ~ji. N^^k.. E=a^iß**'^v JH J 1 I «B B>l,Bir Mr23 words
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Page 20 Miscellaneous
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Miscellaneous1444 1989-11-11 20 C ATI IPnAY BBC Highlights inhabitants reputation for believing only what OM lUKUMI Sunday, Nov 12th, B.ooam J*--qq/> Globe I heatre prises like the most modern and highly computDDv Twice a year Sam, an American novelist and erised newsroom in the world which serves as Henry, a British novelist and1,444 words
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Page 21 Advertisements
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Advertisement122 1989-11-11 21 p=— -J DHL IN THE NEWS Advertisement I DHL to nlau Qantfl The Sa ,a Pack promotion, IW H W launched on October 20 to beat the Phrintmnn Christmas rush, will run until December 31 onnsimas 18, enabling customers to send gifts to any of DHLs 175 country destinations. DHL122 words
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Advertisement121 1989-11-11 21 EXECUTIVE APPOINTMENTS IJb J. BALLAS CO PTE LTD (member of the J. Ballas Group of Companies) We are looking for conscientious forward looking and career minded persons to fill the following posts I DEALERS Holding Dealer's Representative Licence and servicing institutional and high networth clientele for Singapore and Malaysia equities121 words
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Advertisement164 1989-11-11 21 Applications are invited from bankers with at least 5 years of experience in marketing investment products, merchant banking or corporate banking services to individuals or famiy-owned companies in Indonesia, Thailand or Malaysia. Candidates should possess strong marketing skills, sound technical knowledge and proficiency in either Mandarin or Bahasa Indonesia and164 words
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Page 21 Miscellaneous
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Miscellaneous20 1989-11-11 21 u)RG€S, Me He. M-Loays u>p\S pronc. (uiftGeS Com IMG 1 S«YS Xo £XAGG£J?RTiON m wvwmta mtmmm <xx lto. i§m—if eosi20 words
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Page 22 Advertisements
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Advertisement663 1989-11-11 22 T AKE WIN HOME w ONE OR MORE OF FREE GIFTS 3,575 items I WIN in our Grand Lucky Draw 'ik X™ 1 Pocket Light/Stereo Headphone; Audio I |N >1 OU> 52.000 CJeaning Tapes (2 DO KM Prize. Complete Range of Philips Products tor the Living Room 'ii iii |ji'ii.iim663 words
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Page 23 Advertisements
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Advertisement7 1989-11-11 23 The warrants table is on PAGE 77 words
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Advertisement96 1989-11-11 23 SOTHEBY'S FOUNDED 1744 No.l Cuscaden Road #01-07, Regent Hotel, Singapore 1024. Telephone: (65) *****39 Telex: RS ***** HPPL Fax: (65)*****95 Fine Chinese Ceramics 14th November 1989 Hong Kong I w<r\ L> i• '< M v..,. r, J A Fine Imperial Yellow-Ground "Famille-Rose" Bowl, Kangxi Mark Period, Estimate HK$5-7 Million Fine96 words
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Page 24 Advertisements
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Advertisement172 1989-11-11 24 the quality brand known to the world Before you head for the cooler climate with your family, visit St Michael for a selection tfstl- of casual winter co-ordinates. Cool season flair with all the easy-fitting, easy-care elegance you'd expect from St Michael. H Ladies' Fairisle Cardigan in 100% acrylic Colour172 words
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Page 24 Miscellaneous
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Miscellaneous649 1989-11-11 24 Zoot Suit, Today, 9.30pm, SBC 5 A confusing, powerful yet over-theatrical "stylised musical" based on the arrest of a Mexican-American gang for a murder, and efforts to free them. It touches on prejudice and all that stuff, and is based on Luis Valdez's stage play. In fact, this movie was649 words
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Miscellaneous1486 1989-11-11 24 CA TI Innt A C: Chinese; T: a gong'u movie set /A I I IK I JM T Malay; r repeat the eve of war V a I lA, g north-eastern I*> e. K 4.45 Musical Interlude SBC 12 130 I S The'&MtWaU ici S P Rebuilding The Body (Last1,486 words
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