The Business Times, 20 January 1990
1990-01-20
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The Business Times
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Title Section12 1990-01-20 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend Edition, January 20-21 1990 75 CENTS12 words
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Article, Illustration434 1990-01-20 1 MARTIN SOONG - EMS clinches Enterprise award By MARTIN SOONG TANG l-FANG, the man credited with the transformation of Wearne Brothers from a dealer of exclusive automobile marques into a home-grown informationtechnology multinational, won the 1989 Businessman of the Year (BOY) award last night. The 1989 Enterprise award434 words
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267 1990-01-20 1 BANK NEGARA will be initiating major changes this year to give the financial system flexibility to respond to the changing structure of the economy as Malaysia develops into an industrialised nation during the 1990s and beyond. Its governor, Tan Sri Jaffar267 words
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Article543 1990-01-20 1 YONG POW ANG - SIMULTANEOUS TALKS ON EXTENSION OF REFINERY SITE LEASE By YONG POW ANG BP SINGAPORE is undergoing a major revamp of its management structure while, at the same time, engaged in crucial negotiations with the Land Office to extend the lease of its refinery site543 words
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Article, Illustration134 1990-01-20 1 REGIONAL STOCKMARKETS closed mixed yesterday with Tokyo and Hongkong up marginally while Singapore and Sydney finished the day on an easier note. In Tokyo, the Nikkei Index gained 107.06 points or 0.3 per cent to close at 36,836.54. The tlwgapors stock market closed marginally easier.134 words
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Article147 1990-01-20 1 Stock IndtcM Friday ST Indutriab Index 1*27.21 (-s*l BT-MGA Index 773.92 (-1-59)) NST Industrial Index 2,929.72. 12*7) HK Hang Seng Index 2776.29 4*2) Tokyo NMcel Average 36*36*4 (+lo7*B Sydney AN-Ordbiaries 1*74.2 (-1*) Thursday New York (Dow ionet) 2*66.38( 7.25 London (FT 30 Index) 1*64^4(-30.9) USfcuSyen 1.***** M147 words
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Page 1 Advertisements
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Advertisement291 1990-01-20 1 Nikon The Wtotd's Finest Photographic System. Club class Page One Vital to keep the symbols alive Page Two Artifacts A king to grace your table Page Three ■mh Baring more about 'miracle' underwear Page Five Ml Prosper prosper prosperl Page Six Spots McEnroe shines, Lendl lacks lustre Page Eight Extorths291 words
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Advertisement175 1990-01-20 1 B| BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD WORLDWIDE EXPRESS* Jointly organitrd by Butinnt Timet and DHL*lntcnMtional (S) Ptc Ltd Interview wWi Tang t#eng, PAGE 2 As soon as you l selves as connoisseurs. fcawWßMMW——<S I enter The Hour Glass connoisseurs And our customers F O R COLLECTORS Timeless175 words
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Advertisement21 1990-01-20 1 Full report, PAQE Regional Mkts, PAQE 10 World Mkts, PAQE 11 Tho Dow Jooti and Footsie reports are on PAGE 1221 words
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Advertisement5 1990-01-20 1 Nikon < The Wbrid'sßneat PtmoyaplHc fyHw5 words
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HOME NEWS
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Article, Illustration431 1990-01-20 2 SUZANNE SOH - By SUZANNE SOH DESPITE winning three of Changi Airport's food and beverage tenders for the new Terminal Two, Spinneys Singapore is hungry for more. Spinneys, a major industrial caterer for offshore companies in Asia-Pacific, is more well-known in Singapore for the Trumps coffeehouse in Orchard431 words
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305 1990-01-20 2 JAYARAM MENON - By JAYARAM MENON THE NEXT TIME you buy a piece of jewellery In Japan, look again it might ba made in Singapore! Singapora jewellery may not ba taking Japan by storm, but the Japanaae ara certainly jumping at what305 words
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Article46 1990-01-20 2 THE president of the Muslim Religious Council. Haji Rldzwan Ozafir, will officiate at the 40th anniversary celebration of the InterReligious Organiaation. Singapore this afternoon at the Islsmic Centre. The programme includes talks by religious leaders, and the release of a 05-page commemorative book.46 words
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189 1990-01-20 2 ABOUT 2,000 members have decided to rejoin the Central Provident Fund insurance scheme before the grace period ends at the end of this month. In a statement yesterday. the CPF Board reminded members who are still out of the so-called Dependents' Protection Insurance Scheme (OPIS)189 words
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126 1990-01-20 2 TWENTY-TWO British suppliers of marine equipment and specialised ancillary products will be participating in the Singaport 90 exhibition next month. A British High Commission statement yesterday said the companies will be taking part from Feb 7 to 10 at the126 words
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Article96 1990-01-20 2 SINGAPORE Petroleum Company (SPC) yesterday raised its wholesale prices for petroleum products, joining the rest of the oil majors which started increasing their poetings two weeks ago. From yesterday. SPC's premium grade 97 octane petrol costs 70.8 US cents per American gallon, four US cents higher96 words
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237 1990-01-20 2 WITHIN six months of operation, Singapore Airline's (SIA) laundry services srm, Aero Laundry Linen Services (ALLS), has cornered the airport laundry services market. At the official opening of the company yesterday, its chairman Mr Karmjit Singh said since businees began in end-July 1969, ALLS237 words
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Article2060 1990-01-20 2 AT CONVENTIONAL WHARVES IMm wnTtniivnnt n n,to •o*.S^ t 01 KM M3A <*»»*. xoi/oaoo 08/10 M2C iliipiii 1*01/ 2300 Viml VoyNo ••rih Arrival Piplw ho. Hg. i ovooi mm daipiii ZLOi/OBOO Hlo Gy. Mq I 0010 tm <*o«g«*• 1*01/ 2300 Khm| WharvM mmowCiki ombio mic sooi/OXO MM2,060 words
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Article1106 1990-01-20 2 ARRIVALS DEPARTURES Operator Sorvko Local From Oporator Sorvko Local For numbor farm numbor ttmo SU SQ91 0005 PEK/SHA FOX FAA66 0630 IKK/HKG/NtT/ OAl OA471 0015 ATM ANC/08D/JFK MAS AAH623 0035 KUL NWA NW008 0645 TYO/SEA Alt HK AHK531 0110 HKG 1 MAS AAH604 0710 KUI SIA SQ0111,106 words
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Page 2 Advertisements
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Advertisement60 1990-01-20 2 "WW A Th< busincw prt»n'i choicc every Tueiday, g I II g g g A Thunday, Saturday and Sunday. Leaving Changi I ■"""V I LX I I Airport at 21:55 houn and arriving at O'Hare I 111 M International Airport the following day. CMlyomr travel tgmt or Air Canada *t60 words
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Page 2 Miscellaneous
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Miscellaneous210 1990-01-20 2 *—I WEATHER&TS? mm.....' i m d f/-1 "'"i r'r i V/irV A Global temperatures and weather forecast U for Jan 20 OUTLOOK: Showers City Mai/ Note over MVWII areas be* Min twaan mid-afternoon (•C) and early evening Report for 24 hewn prior Aberdeen 06/02 Cloudy 00 jo* 19 at Amsterdam210 words
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FOCUS
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Article, Illustration2017 1990-01-20 3 ALAN LEE,WILLIAM CHIA - BUSINESSMAN OF THE YEAR 1989 Veteran public seivant-turned-businessman Tang l-Fang was the unanimous choice of a distinguished panel of judges for the Businessman of the Year Award 1989. Mr Tang received his award from the Second Deputy Prime Minister at a2,017 words
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Page 3 Advertisements
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Advertisement310 1990-01-20 3 I SMALL SCREEN I I TELEVISIONS ARE I I FINE, IF YOU DONT I I MIND 6-INCH HIGH I I ACTORS AND EYE I ISTR A I N I mm HOWEVER FOR THOSE I I THAT ENJOY A CLEARER, H I MORE ENGROSSING I I PICTURE AND PURER B H310 words
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WORLD BUSINESS & POLITICS
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454 1990-01-20 4 AP PRESIDENT George Bush plans to ask Congress to boost spending on foreign aid and other international operations by about US$l.B billion in 1991 and forgoing cuts in assistance to Israel, Congressional sources said on Thursday. The US government will spend aboutAP - 454 words
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257 1990-01-20 4 AFP HUNGARY said on Thursday that it was suspending ail ruble contracts and licences for exports to fellow members of Comecon, the Eastern bloc trading alliance, with effect from Wednesday. "All export contracts (in rubles) will be reviewed and new export licencesAFP - 257 words
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233 1990-01-20 4 AFP THE HUNGARIAN government called on Thursday for all of the more than 50.000 Soviet troops in Hungary to be pulled out by the end of this year, or at the latest during 1991. Secretary of State at the Foreign Affairs Ministry FerencAFP - 233 words
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Article, Illustration398 1990-01-20 4 AFP THE FRENCH government is to open a credit line to Hungary totalling two billion francs (US$35O million) over three years to finance a number of projects, French Economy Minister Pierre Beregovoy announced in Budapest on Thursday. The announcement came on theAFP - 398 words
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254 1990-01-20 4 Reuter THE CHINESE ambassador to Manila warned the Philippine government on Thursday against approval of a Taiwan relations act. saying it could ruin friendly relations with Beijing. "It is our hope that the Philippines should not become the second country that willReuter - 254 words
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Article, Illustration306 1990-01-20 4 Reuter FRENCH Prime Minister Michel Rocard discussed India's defence needs and a possible deal on nuclear reactors during talks with Indian Prime Minister Vishwanath Pratap Singh on Thursday, the Indian Foreign Ministry said. Mr Rocard, the first Western leader to meetReuter - 306 words
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409 1990-01-20 4 Reuter WEST GERMANY is piling pressure on East Germany's shaky Communist-led government for unification, hoping to stem the flow of disillusioned East German immigrants. Chancellery Minister Rudolf Seiters called on Thursday for an outright commitment to unification from both German statesReuter - 409 words
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326 1990-01-20 4 AFP CAMBODIAN resistance leader Prince Norodom Sihanouk yesterday accused Australia, France and the United States ot siding with Vietnam and the Soviet Union in the 11-year-old war in his own country. In a clandestine radio broadcast monitored in Bangkok, the formerAFP - 326 words
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369 1990-01-20 4 Reuter DESPITE a recent drop in the US trade deficit with Japan, American negotiators remain under deadline pressure to end major alleged unfair Japanese trading practices. Figures released by Washington on Wednesday show that while the trade deficit with Japan fellReuter - 369 words
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167 1990-01-20 4 AFP VIETNAM said on Thursday it wanted the five permanent United Nations Security Council members to clarify their stance on the Khmer Rouge. The five China, the United States, the Soviet Union, France and Britain agreed in a communique issuedAFP - 167 words
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177 1990-01-20 4 Reuter THE US ambassador to Seoul has told American businessmen thst despite violent Isbour disputes and reports of anti-Ameri-canism. he waa aure South Korea waa still s good long-term investment. "I know this is not an eaay place to doReuter - 177 words
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385 1990-01-20 4 Bernama THE FOOO PROCESSING industry in Malaysia la expected to grow to Mso.6 billion in 1906 yrtth rapid axpanaion in output of dairy products, animal faada. msat procaasing and cocoa producta, Trada and Induatry Ministsr Datuk Sari Rafldah Aziz aaid yesterdayBernama - 385 words
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Page 4 Advertisements
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Advertisement86 1990-01-20 4 A TRIPLE TREAT f This monih we introduce the versatile and talented trio, 'CHERRY TASTE'. w v Get into tn Bpm to lam, Mon&y to Saturday. Let them keep you entertained with r u „i their versatile repertoire of soothing ballads, I DEN I evergreens and the latest contemporary hits86 words
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Page 4 Miscellaneous
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Miscellaneous57 1990-01-20 4 Doonesbury by garry trudeau I HAD A UJALK I'M TALKIN6 ABOUT HUNDREDS QFCOUKB TVS AROUND THE Cm TM&W OF MNAMANIANSKJUW,THOU- A TRAGEDY'UHAT A POLITICAL THERE* TOO4Y,S/R. YOU WHAT US&COXVWU JACKPOT* NO OTHER CAN7BBU&B THE AREYOU BILLION IN QAMAGE& —NOT POSSIBLY CALL SA/P/T REALIY* HJORPFOR EXTENTOF ThUS TALKING j 70 MENTION57 words
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COMPANIES & MARKETS
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Article, Illustration178 1990-01-20 5 THE GOVERNMENT hat reappointed eight ot the nine members of the Securities Industry Council for a period of two years affective from Jan 1. Mr Loh Hoon Sun, general manager (treasury and investment banking) of Overseas Union Bank, has been replaced by Mr Ang178 words
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465 1990-01-20 5 PfeQl MALAYSIA Bhd is believed to be negotiating a joint-venture with Sun Micro System of the US to manufacture computers and parts in Malaysia for export According to Malaysian daily, the Star, the two parties have been talking for some465 words
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203 1990-01-20 5 THE MALAYSIAN Investors' Association (MIA), claiming that insider trading in Malaysia is "rampant", yesterday welcomed the news that action is to be taken against culprits involved. On Thursday, Finance Minister Datuk Paduka Daim Zainuddin said a number of people, including profeeaionals, were expected to203 words
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324 1990-01-20 5 KEEN INTEREST in Malaysian stocks has led specialist con- struction and engineering-based L&M Qroup Investments to plan a flotation exercise for its whol-ly-owned Malaysian subsidiary on the Kuala Lumpur Stock Exchange. Executive director of L&M Holdings Sdn Bhd Pattis Naidu said the324 words
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282 1990-01-20 5 MBT PETRONAS o! Malaysia has awarded the anginasring, procuramant and construction (EPC) contract for System Two of the second phase of the paninaular gas utilisation (PQU II) project to a consortium of four companies. Tha companies ara localbaaed SWEC Zainal Sdn Bhd and ParnasMBT - 282 words
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606 1990-01-20 5 Bernama MERGE WITH other broking firma, increaae manpower or bring in new facilities such as computers. This is what smsll stockbroking companies should do to cope with the present shsrp rise in turnover on the Kuala Lumpur Stock Exchange (KLSE). leading brokerages suggested yesterday.Bernama - 606 words
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331 1990-01-20 5 OAF LTD and United Overseas Bank Ltd have announced plans to introduce executive share option schemes to help attract and retain key employees. QAF will propose at an extraordinary general meeting on Feb 2 that shareholders approve a programme to grant selected331 words
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Article, Illustration604 1990-01-20 5 MAGDALENE NG - City Square in KL to be injected into listed firm By MAGDALENE NG THE LOW YAT QROUP. which ia in the procees of injecting a property in Kuala Lumpur Into its listed vehicle Mount Pleaaure Holdings Bhd. has embarked on a604 words
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Page 5 Advertisements
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Advertisement49 1990-01-20 5 The drive I ■-■r V «*P v,V" t 1 It I < m idy. 7f 1 i -~~~i ImKmL fli l! M t -♦< liiliirtirfTnMß iiabi L» v o»■ 3j? t r iff 3 t fj^^i^^Smii^^BSK^^MK^M^^.- 1| *s*** -kX p!*^Ks9H|^^H|^^H^^Hßlwl!^HSt MB a AS SoU for SmjMpunr anJ Six Kirmitfi )p*tcml49 words
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MONEY AND EXCHANGES
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Article, Illustration434 1990-01-20 6 Bernama BANK NEGARA is considering the possibility of allowing merchant banks to deal in foreign exchange, Governor Tan Sri Jaffar Hussein said. The central bank was considering all aspects and "weighing the pros and cons" after a request by the associationBernama - 434 words
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257 1990-01-20 6 Bernama BANK NEGARA governor Tan Sri Jaffar Hussein said commercial banks would be allowed to impose charges on certain services if they, in return, offered something to customers. For example, the banks had proposed paying interest on current accounts which they do notBernama - 257 words
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Article823 1990-01-20 6 SINGAPORE: Th« US dollar closed mixed after active two-way trada with sentiment remaining bullish supported by expectations that the US intsrest ratea may not fall and eacalating violence in the Soviet Union, dealers said. The dollar cloeed little changed at 146.30/40 yen againat New York'a 146.33/38 yen and823 words
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Article292 1990-01-20 6 ASIAN DOLLAR deposit rates closed higher in light pre-weekend trade helped by a sharp decline in US bond prices, dealers said. Three months closed at 8-7/16 8-5/16 per cent, up 1/16 percentage point from Thursday, six months at 8-1/2 8-3/8 per cent, up 1/8 and one year292 words
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Article156 1990-01-20 6 Gold futures on January 10, 1990 100 troy ouncw. USS p* toy ounw Opaa M* Lot MB* 410.20 -2J0 tab 415-30 ***** 410.90 4II. JO -2-50 niU 41X70 -2J0 Aar 420.30 422 00 414.30 ***** 2.40 43X00 427.00 431.70 431.90 -X» ru> 43|jOO 431 JOO 431JOO *****156 words
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Article286 1990-01-20 6 MOST IMM currency futures ended with sharp loesee end near the low* of daily ranges. plaQued by the fear of steady interest rates in the US and by political unrest abroad. Currencies never recovered from a lower open, precipitated by a published report that Federal Reserve vice chairman Manuel286 words
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Article661 1990-01-20 6 Eurodollar futures closed higher on short-covering and weekend book-squaring In active trading, dealers said. "Some caution waa noted, however, among traders due to market belief the Federal Reserve might not adjust interest rates just yet," a commercial trader said. March Eurodollars rose to 91.67 from Chicago's 91.50 and June661 words
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Article64 1990-01-20 6 THE overnight rat* on the Singapore monay market waa up 8 points at 28 par cant y eater day. Short-term rate for one month was up at 8-1/2 per cent 2-month and 3month ratee were alao higher at 8-1/4 per cent. S$ Interbank raft at «h« dose ytfrdayt64 words
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Article99 1990-01-20 6 Treasury bills Period Itso* Yostordoy's i -i--t Closing Day's cod# Maturity MO OfPU MGH LOW 3 mon#w 6 fftfWffn 8Q*****T J 9.04.90 4.15 4.10 4.10 4.10 1 for •Y*****Z 18.10.90 4.25 4.20 Qovsrnmsnt notes and bond! 1 Poriod Issuo Maturtty Coupon Yostor day's dosing Day's cod* raf99 words
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Article, Illustration155 1990-01-20 6 ■user Mai 11 M*r bank* hi rper* Interbank market rates (olter/bld) on Jan 19 US$ DM SWFC Yan 7 4ayt 4 3/4 4 1/4 IS 1/14— 14 IS/U 7 13/14 11/14 IS/l-f 1/1 4 S/l 4 1/2 ISI/4-ISI/* 1-77/1 •V4-»S/« 411/14-11/14 1 4 7/14 —S/14 IS 1/4155 words
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Article1177 1990-01-20 6 CURRENCY FUTURES OPTIONS Friday January 19 1990 KUTtCMUMAMC (MMKX) OMMMNs DMNPM 52 53 54 JARANUI YIN (MMKX) 0**M«M taNpa 71 73 73 7$ IMM Thunday, January 18, 1990 MWTWH POUND CM.W, O—i par t 197$ 3.41 5.9* 540 040 044 3.36 1400 3-40 4. IS 440 0-74 IJO 4.3*1,177 words
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BANKING AND FINANCE
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509 1990-01-20 7 FT CONFLICT between the US administration and the Federal Reserve, the country's central bank, over monetary policy resurfaced on Wedneaday. The White House argued for lower interest rates in the face of a possible slowing in the economy, highlighted by figuresFT - 509 words
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472 1990-01-20 7 Reuter BANKAMERICA CORP had a record year in 1989. aided by improved credit quality, increased loan and deposit volume and growing fee revenue. It said that continuing control over operating expensee elso sided reeuits. Bank America earned US$27O million, orReuter - 472 words
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244 1990-01-20 7 Reuter NATIONAL Australia Bank agreed to pay a record sum for the Yorkshire Bank for almost £1 billion. Yorkshire is one of Britain's most profitable banks and has a network of about 250 branches, mainly in northern and central England.Reuter - 244 words
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81 1990-01-20 7 Reuter THE Sri Lankan government has given permission for foreigners to hold secret accounts in commercial banks, cabinet spokesman Ranjan Wijeratne said. He said the cabinet had approved the propoeal by Finance Minister Dingirl Bends Wijetunga. Mr Wijeratne. who is also foreignReuter - 81 words
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Article, Illustration492 1990-01-20 7 SOH TIANG KENG - Plans to double premium income By SOH TIANG KENG Financial Correspondent BRITAIN'S Provincial Insurance, which has shifted to bigger premises at Shenton Way. plans to acquire an insurance company in Singapore within the next two years as part of its expansion push492 words
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401 1990-01-20 7 Reuter JAPANESE life insurers plan to expand their overseas investments in the *****, particularly in Europe, Takahide Sakurai, chairman of the Life Insurance Association of Japan, said. "We don't know yet what changes will take place in the European marketReuter - 401 words
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COMMODITIES
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Article340 1990-01-20 7 RA8 prices In 8 cwMg, FOB In Mm NOON CLOSE Bvytci bit 1 RSS Prompt 154.00 155.00N 154.25 155.25 Ml ISSMi 90 157.00 157.50 157.25 157.75 bit 1 RSS Mor 160.00 ***** 160.25 160.75 ln» 2 RSS OP 15 M0 153J0N 151 -50 153JON bit 3 RSS340 words
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Article249 1990-01-20 7 SMQAPORE: Rubber pricee cloeed little changed with February 1 RSS buyer quoted at 157.25 cents a kg, up 0.25 cent from Thursday's close. On the TSR-20 Award market prices were barely changed in dull afternoon trading. February buyer was quoted at 144.75 a kg, unchanged from Thursday's finish. MALAYSIA:249 words
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Article293 1990-01-20 7 HONGKONG: Gold closed firmer helped by esrly Japanese buying, but the msrkst remained thin end tight-range trading dominated the day. Bullion ended at US$4lO.OO/ U*****.30 an ounce againat New York'a US$4lO.OO/50 cloae on Thuraday and an early US$4ll.OO/50. Local gold cloaed HK$25 lower at HK53,007 a tael. Coina293 words
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Article132 1990-01-20 7 THE Kuala Lumpur Tin Martlet (KLTM) fell 18 cents to dose at MSI 7.70 a kg after holding relatively steady In recent days. to an MMal mainly due to large dlepooal ahead of Hie approachIng feetive seseon. Final turnover eettled at 80 tonnes, against Thursday's Eftwi vVilVie WiuiOrwW132 words
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Article148 1990-01-20 7 Telerate FUEL oil prices edged higher with the rebound in crude futures seen providing some underlying support to prices. Hsfo futures on Simex traded higher for most of the day but fell slightly on profit-taking towards the close of the noon session. A high BTU cargoTelerate - 148 words
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Article500 1990-01-20 7 MALAYSIAN CRUDE PALM OIL FUTURES: came under selling pressure on the Kuala Lumpur Commodity Exchange to end slightly lower. Dealers said the market opened steadier on news that Pakistan has bought some palm olein but prices soon gave way to selling pressure and week-end liquidation. The quiet cash500 words
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Article192 1990-01-20 7 Chiotit Product Exchange SoNort' noon doatng pden on January 19 (S$/100 kg) Coconut oil M KM 794)0 OW drum KM 934)0 Nw drum KM #9.00 Copra Mtaod Ooom) 41.00 Poppor KM N1W 392J0 WOWOi WWV KM foq NIW 382.50 Sarawak Apodal Nock KM NIW 322-50 Modi KM NIW192 words
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Article198 1990-01-20 7 London Commodity Exchange ftuyar/$«H«f dosing pricas on Jon 18 {£/tonrw unlou spodftod). Proviom closing prkos In poronthosls. CoIIm Jon 570/571 (574/575) 575/570 Mar 590/591 (595/597) Ngh/low $97/59$ SoUt (4574) Cococ Mar 624/627 (629/631) M0t/low 640/626 May 637/630 (644/645) Kflh/Low 654/636 Sato* (9202) No 6 FOB (USS/tonno) Mar 31*60/319.00198 words
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SES
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Article, Illustration789 1990-01-20 8 WILLIAM CHIA - By WILLIAM CHIA THE SINGAPORE stock market closed marginally easier but off the day's low following a bout of bargain-hunting in the afternoon. Brokers said the improved sentiment in the afternoon was helped by a rebound in Tokyo, where the Nikkei Average789 words
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Article234 1990-01-20 8 Rises Sm Vtow 600 8.1% +45 HTP Hldgs Wrts 74 +5.7% +4 NOL Wrti 1993 92 +5.7% +5 M Credit Wm 78 +5.4% +4 Somb Maritime 278 +4.5% +12 HTF Hldgs 50* 119 +4.4% +5 Oman Hup Wrts 27% +3.8% +1 08S Land Wrti 144 +3.6% +5 S234 words
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Article660 1990-01-20 8 Rises Fober Merlin 84 +19.1% +13K Mulpho Intt 5Oi 6414+11.2% 6!4 MAA 123 +9.8% +11 Suigel Way 396 +9.4% +34 Magnum Corpn 378 7.4% +26 Mt Pleasure 50f 68 +7.1% +4V4 Menang Corp 111 3.7% 4 D C Sank 50* 111 +2 8% +3 General Corp 110 +1.9%660 words
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SES SHARE INFORMATION
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Article2886 1990-01-20 8 1MB/ High w Low Tol Cod* Loot JAN 19 ♦or- i Vol [US) Day 1 Mgh Low I jm* Ow wyor to MB mv Mr C*w n* i i |0| "21 DEBENTURES, BOM 08, U )ANS 330 73* 63 61 46* 66* •7 66 166 76 220 2622,886 words
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Article2004 1990-01-20 9 itaty High *0 Low Tal Code Company Laal Sal* JAN 19 +orVol ('000) Day 1 High Low Mal Qui luyar Sa m Mmr Qr*a Dtv Dtv Cw Or** nd Nat P/E M Cap $mU MONO KONG STOCKS 960 750 980 720 1738 1341 1218 1738 1217 1237 Cheung2,004 words
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Article241 1990-01-20 9 179* 60* t 4000 Amtak Eng 20* 140 3 3 140 139 140 ISO 6.0N 6.6 0.9 17.7 119.0 109 109 10 ON 4.9 1.9 1.3 1.9 1.1 190 70H 4008 Fu|l Offset 20* 106 -2 36 109 107 330 136 4001 OB HMga 10* 296 -1 6 296241 words
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Article261 1990-01-20 9 0000 ASK Computer 1975 1900 0001 Adolph Coors 1975 1000 2400 4837% 3475 0003 Apple Computer 3012% 3200 3300 0006 Charming 3 0007 Cipher Data 0010 Daisy Systems 900 0011 Dresdner Bank ***** ***** ***** 9000 9000 0012 Ertcaaon Tel 5000 ***** ***** 3860 2325 0013 Intel Corpn 3775261 words
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Page 8 Advertisements
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KLSE
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Article, Illustration3146 1990-01-20 9 MBT AN ENCOURAGING START (ailed to materialise Into a rally due to lack of followthrough support and share prices fell back to close mixed to easier on the Kuala Lumpur stock market yesterday. Wall Street did not provide much of a lead. The Dow Jones average, which wasMBT - 3,146 words
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Article260 1990-01-20 9 Managers' prk«t Royal Trust Asset Mgt UOB Management FwmHJmIV* US$1922 for Jan 20 ond 22 IT Spor. Gr Fund 1015 1075 f!; Bston. frwkte Moc K-d »T A«, *oc Gr Fund 1135 1195 Un*o«d 1015 104 1LJ T MARA-fc*nlputra Funds (US$) Singapore Unit Trust orar.Aiset Mat B'putro 8/4260 words
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Page 9 Advertisements
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Advertisement16 1990-01-20 9 A Sichuan Culinary Heritage T at Golden Phoenix (joklen PhoenLt jjjjf Jk Hotrt Equatorial. Ttfc *****3116 words
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REGIONAL MARKETS
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398 1990-01-20 10 Package seen finalised by end-January Reuter FUNDING for state-owned China International Trust and Investment Corp's (Citic) acquisition of a 20 per cent stake in Hongkong Telecommunications Ltd (HK Telecom) will draw on bank loans and warrants and likely to be finalised by end-January, CiticReuter - 398 words
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285 1990-01-20 10 AFP PHILIPPINE Long Distance Telephone company's (PLOT) long-time monopoly on overseas calls from the Philippines is to be challenged by a newly formed company. Mr Eduardo Vilianueva, president of Eastern Telecommunications Philippines Inc. a sister company of British giant Cable and Wireless pic,AFP - 285 words
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Article337 1990-01-20 10 MBT THE NATIONAL Electricity Board (LLN) is rushing through a project to light up the major towna in Malaysia before too much of Visit Malaysia Year 1990 ia over. It will award a tender next month for about Mss million worth of street lighting. TheMBT - 337 words
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266 1990-01-20 10 NYT SANKYO, Japan second largest pharmaceuticals company, on Thursday announced plans to buy a controlling stake in a We t German drugs maker (jr DM 220 million (£7Bm). in one of the largest Japanese corporate acquisitions in Europe. Sankyo is buyingNYT - 266 words
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Article164 1990-01-20 10 Reuter PHILIPPINE shares staged a technical rebound in light trade yeaterday, led by the mining sector, as inveators cautiously welcomed the cspture of rebel soldiers by government troops, brokers said. The Manila Stock Exchange compoaite index closed st 1060.35, up 21.10 from Thursday'a 1,069.25. "It appears thereReuter - 164 words
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Article, Illustration1142 1990-01-20 10 Hongkong Reuter SHARE prices closed slightly firmer yesterday on very selective bargainhuntlng by locel institutions but most investors remained cautious in light of the recent weakness in the Tokyo market The Hang Seng Index ended 4.82 points up at 2,770.29 and the Hong KongReuter - 1,142 words
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Article, Illustration648 1990-01-20 10 Tokyo Reuter SIGNS that yen bond yields may have peaked helped the Nikkei average break a four-day losing streak to cloee higher in light trade yeeterday. Index-linked buying by a major foreign and a leading Japanese securities house took the key Nikkei well into the positive sideReuter - 648 words
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Article, Illustration569 1990-01-20 10 Australia Reuter AUSTRALIA'* share market drifted to a slightly weaker close yeeterday. but pre-weekend booksquaring helped stem the lossee. brokers said. The All Ordinaries Index finished 1.6 down at 1.674.2. but was well above its 1,666.0 low reached at the midsection break. The index has lost 36.6Reuter - 569 words
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Article236 1990-01-20 10 Reuter THAI stocks advanced but closed off highs after Ist* heavy profit-taking pared strong gains earty In the session, brokers said. The composite SET Index rose 5.70 points to 868.67 in moderate trading. Advances led declines 85 to 47. Finance One. Sism City Cement and Royal OrchidReuter - 236 words
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Article386 1990-01-20 10 Reuter THE Taiwan stock index swept to yet another record finish as optimistic investors sent stocks soaring across the board, dealers said. The weighted index put on 268.46 points, or 2.4 per cent, to end at 11.422.51. Turnover waa NT5176.6 billion against NT5130.74 billion. On sReuter - 386 words
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Article288 1990-01-20 10 Reuter SEOUL stocks steadily I*ll in thin trading yesterday as private investors were discouraged by the lack of widely-expected institutionai buying, brokera •aid. The composite index cioeed at 806.20. ahedding 6.01 pointa from Thursday's close. Turnover waa 150.3 billion won, down from 102.0 billion in theReuter - 288 words
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Article219 1990-01-20 10 Reuter BOMBAY share prices fell sharply yesterday ss fears of heavy taxation in the March budget for the fiscal year 1990/91 triggered panic selling scross the board, brokers said. "There were only sellers, no buyers," stockbroker Vallabh Bhanshsli said. "We went to sell some stock but thereReuter - 219 words
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Article169 1990-01-20 10 Reuter LEADING New Zealand shares closed little changed yeeterday, with brokers pointing contrasting influences of lower domestic interest rates and softer overseas markets. "I believe the lower bond rates should be a significant catalyst for the share market," Tim Sneddon of Auckland sharebroker Buttle Wilson said.Reuter - 169 words
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Article103 1990-01-20 10 Reuter PRICES on the Jakarta Stock Exchange ended mixed yesterday, bringing the index 0.88 points down to 451.30 and brokers said the market stayed sluggish throughout the half day of trading. Turnover fell to 706,002 shares from the previous 939,599. Lippo Pacific Finance posted the higheetReuter - 103 words
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Page 10 Advertisements
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Advertisement382 1990-01-20 10 NOTICES PROPOSAL TO CHANGE OF SHIP'S NAME We, Ewls Shipping Pte Ltd of IS Enggor Street #06-04 Realty Centre, Singapore 0207, hereby give notice that In consequence of purchase, we have applied to the Registrar of Singapore Ships under Section 386 of The Merchant Shipping Act (Chapter 179) In respect382 words
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Advertisement236 1990-01-20 10 NOTICE NOTICE IS HEREBY GIVEN THAT, I. Goh Shih Fong of Block 70 Toa Payoh Lorong 4 #01-351, Singapore 1231, have applied for a Retail Liquor Shop licence in respect of premises at M/S Fortune Mini Supermart at Blk 70 Toa Payoh Lorong 4 #01-351 Singapore 1231, aid that this236 words
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WORLD MARKETS
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Article, Illustration417 1990-01-20 11 Substantial fall in earnings expected AP FOURTH-QUARTER profits for the Big Three carmakers of the United States will be hammered by production cuts, incentives and slumping sales, and Chrysler Corp will flirt with breaking even, analysts said on Thursday. They alsoAP - 417 words
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Article, Illustration259 1990-01-20 11 Reuter FACING a sharp decline in its defence business, Boeing Company said on Thursday that it would lay off about 1,700 hourly employees this week and 5,000 of its total workforce by year s end. Boeing, which employed 164,600 peopleReuter - 259 words
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202 1990-01-20 11 AFP BRITISH-BASED multinational Lonrho and Impala Platinum of South Africa have agreed in principle to merge their adjoining platinum interests in South Africa's western Transvaal. The companies hope the merger will create an enlarged mining operation capable of being developed rapidly to produce 1.5AFP - 202 words
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Article1723 1990-01-20 11 Reuter AMSTERDAM: Dutch share prices opened firmer in modest turnover yesterday on a firmer dollar, Wall Street's steady performance on Thursday and Tokyo's higher Friday close. "Amsterdam is slightly up on Wall Street, Japan and the firmer dollar, but investors are still cautious and therefore stay onReuter - 1,723 words
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Article, Illustration884 1990-01-20 11 London Reuter LONDON share prices opened firm in quiet cautious business yesterday after Wall Street ended about eight points higher on Thursday and Tokyo closed firmer yesterday. However, one trader said. "Wall Street and Tokyo were weaker, unless you decide to watch the indices. WallReuter - 884 words
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Article301 1990-01-20 11 UPI LEVI STRAUSS CO. in its largest single plant closing, has announced plana to cloee one of three sewing factories in San Antonio. Texas, laying off all the 1,100 employees and moving the work offshore to get cheaper labour. The privately held apparel makerUPI - 301 words
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198 1990-01-20 11 Reuter THE US Securities and Exchange Commiaaion haa sued three foreign entities and a Swiss investor for insider trading in shares of the pharmaceuticala group Rorer Qroup Inc. The company said on Monday it was in merger talka with an unidentified suitor, newsReuter - 198 words
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148 1990-01-20 11 NYT BOVRIL, Marmite and Ambroaia, three of the moat famous names in British nutritional hiatory, hava been put up for sale by Smithkline Beecham, the An-glo-American druga and consum-er-goods company. The proposed disposal, which analysts said could fetch £100 m to £150 m, ariaaaNYT - 148 words
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Article, Illustration817 1990-01-20 11 New York Reuter US BLUE chips staged a last-minute turnaround on Thursday, lifted by some futures-related buying and a technical rebound. But the broader market, troubled by more earnings disappointments, including Digital Equipment Corp, fell behind. The Dow Jones industrial average ended 7.25 points higher st 2,066.38.Reuter - 817 words
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Page 11 Advertisements
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Advertisement10 1990-01-20 11 jTOR-WHOj WHERE WHEN mTHE MARKET Every Thursday... ADVERTISING MARKETING in10 words
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359 1990-01-20 12 QUAK HIANG WHAI - By QUAK HIANG WHAI OAHUA INVESTMENTS (Xiamen), the new fully-owned subsidiary of United Overseas Land, plans to develop a US$6 million commercial complex in the proposed financial district of Xiamen in southern China. The company is said to have submitted a359 words
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449 1990-01-20 12 Reuter CHINA'S main state-owned overseas investment arm, the China International Trust and Investment Corporation, is bidding to tjecome a public conglomerate in Hongkong. The company, Citic, will transfer its major investments to the locally listed investment firm Tylfull which it intendsReuter - 449 words
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286 1990-01-20 12 AFP PROSPECTS of Hongkong becoming an anti-Beijing "subversive base" were China's main concern over the territory, local tycoon Li Ka-shing said in Hongkong yesterday. He made the comment at the airport in Hongkong upon returning from Beijing, where he met with top ChineseAFP - 286 words
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336 1990-01-20 12 Reuter AFP THE SOVIET UNION has announced it had withdrawn a number of its military aircraft from the Cam Ranh Bay base in Vietnam as part of overall cuts in its armed forces. Foreign Ministry spokesman Vadim Perfilyev told aReuter; AFP - 336 words
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413 1990-01-20 12 KENNETH JAMES - MOVE WILL MAKE AMERICAN FIRM LARGEST SHAREHOLDER By KENNETH JAMES »N A MAJOR BOOST for global computing and communications network Infonet Services Corp |n which Singapore Telecom International (STI) has part equity leading telecommunications Corporation MCI International is to buy out the413 words
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Article, Illustration138 1990-01-20 12 CONTRIBUTIONS from clans, companies and Individuals to tha 25th anniversary charity fund have amounted to a total of $1.14 million. Over at the Singapore River last night where he launched the Hong Bao Special, First Deputy Prime Minister Qoh Chok Tong received138 words
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441 1990-01-20 12 Bernama MALAYSIAN Prime Minister Datuk Sen Or Mahathir Mohamad said yesterday the people of Sabah should realise that Malaysians from other states who come to Sabah contribute to the state's development and progress. Malaysia could progress because the government opened its doors toBernama - 441 words
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214 1990-01-20 12 AFP INDONESIAN Baarie Masse was hanged in Malaysia for drug trafficking despite an appeal by Indonesian authorities for a stay of execution, a senior prison officer said. Michael Jenal, superintendent of the Central Prison, said that Mr Baarie. 37. waa hanged at dawnAFP - 214 words
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206 1990-01-20 12 AP SOVIET Vice-Preaident Mirzaolim Ibragimov met President Suharto on Thursday and discussed ways of expanding the two nations' economic and cultural cooperation, an official said. Moerdiono, minister at the State Secretariat, told reporters that Mr Suharto and Mr Ibragimov, who arrived in JakartaAP - 206 words
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238 1990-01-20 12 Agencies PRESIDENT Mikhail Gorbachev said yesterday the crisis in the Soviet south was worsening and he blamed extremists, adventurists and Muslim fundamentalists in Azerbaijan for the turmoil and bloodshed. He told the second session of a Kremlin meeting on his permstroika reformAgencies - 238 words
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323 1990-01-20 12 Agencies EXILED Cambodian leader Prince Norodom Sihanouk refused yesterday to head a Supreme National Council suggested as part of a proposed settlement of the Cambodian conflict. The council was included in a 16-point list of principles for solving the 11-yearAgencies - 323 words
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LATE FILE
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Article52 1990-01-20 12 Bernama THE MALAYSIAN banking system's loans to the major •actor* of the aconomy roaa sharply to M 510,667 million for tha first nina months of laat yaar, from M 54.612 million in tha 1968 corresponding pariod, raflacting tha broad-basad axpansion in aconomic activity, Bank NagaraBernama - 52 words
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Article49 1990-01-20 12 Reuter THE SOVIET Union has opanad a bank in tha Chinasa capital for tha first time sinca relations batwaan tha two nations sourad in tha aarly *****, a bank official said on yastarday. Tha Vnashtorgbank (Foralgn Trada Bank) bagan businasa on January 12. RautarReuter - 49 words
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Article27 1990-01-20 12 Reuter TAIWAN'S indirect trada with China in November dropped for the first time since 1966 and officials said the decline would continue in December.Reuter - 27 words
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Article46 1990-01-20 12 AP SONY CORP announced yesterday that it has developed a new. uitracompact digital recorder that uaaa tapaa the size of a poetage stamp. Despite their small size, the tapes will allow two hours of digital stereo recording and playback, the company said.AP - 46 words
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Article37 1990-01-20 12 THE FIRST Japaneee joint venture in East Germany should be set up this year after new laws are passed there next month, the East German commercial attache in Tokyo said yeeterday.— Reuter37 words
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Article27 1990-01-20 12 Reuter SHORT-COVERING on "Double Witching Day" when certain futures contracts and options expire helped lift stocks yeeterday. The Dow was ahead 10 at 2676. ReuterReuter - 27 words
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Article30 1990-01-20 12 AP LONDON shares were lowsr at middsy yesterday. At about 1200 GMT, the FTBE 100-ehare index was 12.7 points, or 0.5 por cant lowsr st 2,324.2 points. APAP - 30 words
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Article52 1990-01-20 12 Reuter COMEX GOLD futures lost ground on asrly sailing sgainst s firming US dollsr ysstsrdsy. In modsrsts trading, ths February gold delivery wss off US$2.2O st U*****.00 sn ounce, matching Monday's low tor the week. Analysts ssid commission houses snd dealers were festured sellers, sdding to Thursdsy's IsteReuter - 52 words
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500 1990-01-20 12 Reuter JAPAN'* trade surplus plunged by more then 15 per cent leet year as imports soared but economists said further progress in 1990 will be herd to come by. The surplus tell to U5564.4 billion last yeer from U5577.6 billion in 1988, theReuter - 500 words
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Page 12 Advertisements
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Advertisement12 1990-01-20 12 Security Council IWe' must clarify stance on Khmer Rouge: Hanoi. PAGE 412 words
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Advertisement7 1990-01-20 12 The silver report was not available yesterday.7 words
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Executive Lifestyle
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Article263 1990-01-20 13 SPOTTED in the Malayan Nature Society newsletter: "The cost of the dinner will b0 $18 per person. Children under eight years will be Charged $12, unless they eat off the plates of their parents." Do they get their own cutlery, we wonder? BET YOU always wished263 words
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Article, Illustration605 1990-01-20 13 CHARLES SAVAGE - CHARLES SAVAGE dons his squirrel outfit and disappears into the 9th hole on a mission to dig out the plans of country clubs which are spending record jgijSk amounts to upgrade themselves t0... CHARLES SAVAGE IT ISN'T ENOUGH to have 18 holes to attract members into a country605 words
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Article, Illustration680 1990-01-20 13 A SURENDREN - MUSIC By A SURENDREN SHARP LOOKING, sharp talking and decked-out in elegant threads, Wynton Marsalis, 28, will be dazzling jazz lovers at the Raffles Ballroom, Westin Plaza, at 9.15pm on Jan 30. His is a remarkable story eight Grammy awards garnered in just five years680 words
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Commentary
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Article, Illustration1523 1990-01-20 14 TYE KIM KHIAT - TYE KIM KHIAT The writer heads the Political and Economics Desk of Business Times. WITH CHINESE NEW YEAR around the comer, I was quite amused by the incongruous offer of old-world Spring couplets via electronic wizardry, the TV that is, with every purchase of1,523 words
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Article, Illustration1157 1990-01-20 14 MIKE YEONG - MIKE YEONG Tha writer it a i—dflt—tur* writmr with Th* Strait* Tim**. THE CAMBODIAN CONFLICT getting interesting. The five permanent members of the United Nations Security Council (UNSC) met early this week in Paris1,157 words
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Article, Illustration666 1990-01-20 14 ROBERT BALDWIN, JAGDISH BHAGWATI - ROBERT BALDWIN, JAGDISH BHAGWATI The writers are professors of economics st the University of Wisconsin end Columbia University, respectively. FT THE TRADING NATIONS are engaged, in the Uruguay Round, in the Herculean taek of rebuilding the General Agreement on, Tariffs and Trade. Compromises willFT - 666 words
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203 1990-01-20 14 PATRICK LOW HAN H - Letters to the Editor PATRICK LOW HAN H Group managing director Inier-PacMc Industrial Group Dear Sir, I refer to your article in Business Times of Jan 15. and wish to point out that you stated incorrectly that Inter-Pacific Industrial Group Bhd's shares are trading at203 words
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90 1990-01-20 14 CHONG HOO TUAN - CHONG HOO TUAN Sr Principal Aeat Secretary Housing A Development Board Dear Sir, We refer to your report "Public relations industry in Singapore maturing" (BT, Jan 11), stating our use of PR professional services. We wish to point out that our board is90 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration600 1990-01-20 15 CHARLES SAVAGE - ARTIFACTS By CHARLES SAVAGE HE HAS full, prominent lips. Eyes that bulge out of deep sockets. Cheeks that might affectionately be described as "chubby", if you happen to know him well. His hair? All dona up in a stiff and not terribly stylish chignon600 words
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Article, Illustration913 1990-01-20 15 From Page One golf into transferable ones, says Mr Wong. Social members were offered tranaferable 'memberships et $75,000 and' about 570 applications poured in. However only a third were grented and 150 were picked by bellot on Tuesday nigbt which adds up to about $11 milljon in revenue.913 words
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Article, Illustration548 1990-01-20 15 SAMUEL EE - CINEMA By SAMUEL EE HAVE YOU EVER done something. foolhardy? Like when you're really in the mood for chendol but you go order it from some stall you've never tried before? Mqrphy's Law being what it is, you probably ended up getting a brownish, tepid solution that looked548 words
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Article, Illustration357 1990-01-20 15 SAMUEL EE - FASHION by SAMUEL EE YOU WON'T BE the only one if you Mel that the tie is a purposeless piece of polyester and a colonial hangover. But if you don't, and might even have a weakness for its silkier variants, then you might be interested in the357 words
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Article, Illustration841 1990-01-20 16 N K YONG - By By N K YONG A LARGE PART of the fun in wine comes from the proper matching of wine and food. A great wine deserves to be sipped reverently on its own, preferably shared with other wine-lovers, but this is not something841 words
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Article570 1990-01-20 17 CHARLES SAVAGE; Suzanne Soh - FOOD By CHARLES SAVAGE -*r Suzanne Soh THE FRUITS of the sea around the Normandie region fill up almoet half of the 30-item menu at the Meridien Hotel which ia promoting Cuiaina da la Normandia until Jan 28. The other fruit of the region ia the570 words
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Article, Illustration993 1990-01-20 17 STAGE PERFORMANCES: CMm Arta Troupe. The National Theatre Trust preeents the China Arta Troupe in conjunction with the Chineee Cultural Month '80. The group, which consista of 70 aingera, dancers and musicians from China, will preaent a colourful programme of song, dance and muaic. At the Kallang Theatre on993 words
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Article, Illustration931 1990-01-20 17 RICHARD SEAH - HEALTH By RICHARD SEAH MIRACLES are hard to believe. But sometimes, they do happen. So how then, should one view the "miracle" underwear which made the news this week with its fsntastic heslth clsims?931 words
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Article, Illustration445 1990-01-20 17 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY AT THE Bth World Bridge Team Olympiad in Venice In September 1068, French joumeliet Jean Paul Meyer picked out the following hand whioh was displayed on Bridgerama in the match between Great Britain and Ireland during445 words
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Executive Lifestyle: Pursuits
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Article, Illustration1411 1990-01-20 18 QUEK SWEE PENG - Toss, toss, toss. Higher, higher, higher. QUEK SWEE PENG relishes the superstitious quaintness of the partaking of yusheng during Lunar New Year feasting. Could you resist the opportunity of fortune? Would you? Don't Don't pass up the chance t0... QUEK SWEE PENG A MiU SHENG. A tradition.Graphics by Chinatown Restaurant, Hotel Imperial; Picture by Shangri-La - 1,411 words
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Article, Illustration393 1990-01-20 19 fha yln and yang In art IH THE MIDST of re-decorating and need something for that bare *all? If a flattened lizard won't do. check out an ongoing art tjKMbWon by artist Tung Yue Nang over at the Hyatt Regency. t More than 40 of his three-dimensional works393 words
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Article, Illustration573 1990-01-20 19 A SURENDREN - BOOK REVIEW By A SURENDREN KAMPUMO CHICKEN By Ravi Vstoo Angsana Books lit pagcay 15.50 THE WRITER claims his works sirs not sllsgoricsl. Comparisons to Qsorgs Orwell's Animal Farm srs put down, with Rsvindrsn Vsloo ssying that Orwsll ussd ths snimsls ss s mouthpiscs for s573 words
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Article, Illustration814 1990-01-20 19 CAT STEVENS: Qreatsst Ml (Islend/rslssus) During the singer/songwriter boom in the early *****, Cat Stevens captured the hearts and minds of an sasy-to-piease pop audience with his plainly crafted, broad-minded songs thst ware imbued with warmth and sensitivity. Stevens had814 words
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Executive Lifestyle: Sports
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Article, Illustration544 1990-01-20 20 TENNIS AUSTRALIAN OPEN AP JOHN McENROE beat fellow American Dan Goldie 6-3, 6-2, 6-2 yeaterday to reach the quar-ter-finals of the US$3 million Australian Open in Melbourne. McEnroe's performance was much more impreaaive than that of defending champion Ivan Lendl, a lethargicAP - 544 words
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Article, Illustration447 1990-01-20 20 CRICKET AFP PACEMAN CARL RACKEMANN diamiaaed three batamen with four deliveriee on the first day of the aecond Teat againat Pakiatan at Adelaide Oval yeaterday. Hie four wickets for 40 rune helped reatrlct the Pakiatan firat innings total to 257. At tea theAFP - 447 words
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185 1990-01-20 20 YACHTING AFP EUROPEAN CHALLENGERS for the America's Cup, the most coveted prize in world yachting, have set up their own association to build up the continent's challenge to the American domination of the event. At a meeting in Milan, Italian industrialist Raul GardiniAFP - 185 words
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Article, Illustration640 1990-01-20 20 ATHLETICS AP IT'S UNLIKELY that Abdi Bile will run a world indoor record time in the mile at the Sunkist Meet or earn the US$lOO,OOO bonus that goes to anyone who can. Bile's whole life, however, has consisted of a string of unlikelyAP - 640 words
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483 1990-01-20 20 BASKETBALL AP JACK SIKMA scored 10 points on Thursday and made two key free throws to lesd ths Milwsukee Bucks to their 11th victory in 14 gsmes, by 115-112, over the slumping Washington Bullets. Sikma made the free throws with 2.7 seconds remainingAP - 483 words
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Article, Illustration439 1990-01-20 20 GOLF AFP OAVE STOCKTON, who turned 48 in November and just 18 months off Joining the Benior Tour, shot a solid four-under-per 88 in La Ouinta, California, on Thursday to Join Peter Jacobean and John Cook in a three way tie forAFP - 439 words
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Article414 1990-01-20 20 BOXING AP, Reuter IF SUGAR Rsy Leonard fighta again, it won't be aa a champion. The 33-year-old Leonard haa relinquished the World Boxing Council super middleweight title, which he defended with a 12round unanimous decision over Roberto Dursn on Dec 7 st LasAP,; Reuter - 414 words
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Article659 1990-01-20 20 CWEALTH GAMES AP THEY MAY NOT HAVE the worldwide appeal or big-name status of the Olympics. But for 57 nations. from mighty Canada to the two-man Falkland Islands team, next week'a Commonwealth Games repreeent the sporting pinnacle of 1090. Starting Wedneaday, more thanAP - 659 words
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Executive Jobs
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Article, Illustration1316 1990-01-20 21 SHOEB KAGDA - IBM's new managing director Is no stranger to the Industry or the company. The 42-year-old PHILIP NQ has spent some 22 years with IBM, the only company he has worked for. Mr Ng provides some glimpses Into his personal management philosophy1,316 words
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Article, Illustration311 1990-01-20 21 STEAMERS MARITIME Holdings Ltd. a member of the Keppel Qroup, has named Mr Chung Chee KH as Its executive director (Business Development). He will take charge of corporate planning and business development. He wss last managing director of the Singapore Shipping Corporation Qroup. JOHN J ROOZEMOMD is311 words
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Article, Illustration1108 1990-01-20 21 TEO BAN HUAT - As Singapore embarks on globalisation and closer economic co-operation with neighbouring countries, executives with regional working experience will increasingly be in demand. In the tirst of a four-part series on working overseas, TEO BAN HUAT of Korn/Ferry highlights the career opportunities in Indonesia, where large companies are1,108 words
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Executive Lifestyle: Investment and Finance
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1148 1990-01-20 22 JENNY LIM - Three weeks ago, Personal Finance discussed how you can restructure your pay package to minimise your tax liability under the revised Central Provident Fund ruling. This week, JENNY LIM, a tax partner with an international accounting firm, studies the relevant provisions in the1,148 words
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Article206 1990-01-20 22 Successful politics "Successful investing is anticipating the anticipations of others." This quote from the famous economist, John Maynard Keynes, is as valid today as it was 60 years ago, said an investment newsletter. "The British Crown recently proved that it can also be applied to politics. Three206 words
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Article, Illustration690 1990-01-20 22 TOKYO STOCK MARKET Reuter WORLD FINANCIAL player* may have been riveted by the recent gyrationa of tha Tokyo stock market key 225-ahara Nikkei index. but soma market experts are now questioning Just how well the preatigioua benchmark reflecta what iaReuter; Source: Compuchart Services - 690 words
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Article792 1990-01-20 22 NYT AMERICAN investors may buy Japanese cars, but they don't lika Japanese stocks. That fact became obvious again on Friday last week, when the latest way for American investors to bet against Japan became available. It amounts to a put option, of an unuaual variety,NYT - 792 words
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691 1990-01-20 23 LORETTA McLAUGHLAN - mm By LORETTA McLAUGHLAN SIME SINGAPORE LTD, the next new issue to come to the Singapore market should benefit from the flotation fever which is currently gripping investors. But don't expect a worldbreaking record subscription level. For a start, this is691 words
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Article, Illustration686 1990-01-20 23 CORINNE YAP - wp i pF PROPERTY PROSPECTS L 4 By CORINNE YAP Corinne Yap is director, Retail Agency, at Richard Ellis (Pte) Ltd BOOMING prices and rental levels of retail space over the past two years look set to continue into the Year of the Horse. WhilstSource: Richard Ellis(Pte)Ltd - 686 words
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Article, Illustration318 1990-01-20 23 C DOW - CHART POINT By C DOW Mr Dow is an investment manager with a major local publicly hsted company. THE Singapore market has shown remarkable resilience in the face of the steep falls in Tokyo and Wall Street since the start of theSource: Investment Data Services Ltd, London - 318 words
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Article, Illustration969 1990-01-20 23 ANDREA BORCH - US STOCK MARKET By ANDREA BORCH "THE DOW JONES will move above 3,000." "The US market la in for a four-year viait from the bear." "The market ia in a transition These are the market views of three leading Wall Streeters969 words
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Page 13 Advertisements
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Advertisement335 1990-01-20 13 CALL rrrrfsfT for all your financial needs from any phone, anytime, any place Cont'd on Page Three Today, one watch reigns supreme. I Ultra-thin Royal Oak in 18kt gold, diamonds set bezel and full pave dial with 11 rubies. BA *****/722 BA (Ladies) BA *****/477 BA (Gents). In 1972, the335 words
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Page 14 Advertisements
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Advertisement116 1990-01-20 14 A BIGGER BANG FOR THE AEROSPACE BUCK y It pays to advertise in Business Times' ASIAN supplement y J the official business daily of the air show. As in past years, Business Times will publish an aerospace supplement, on February 14, 1990 the very day that ASIAN AEROSPACE '90 begins.116 words
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Advertisement49 1990-01-20 14 ii BT welcome* latter* from reader*. Your X v„A. I letter* muat Include your signature, full < nemo, address, and home AJnjP* snd office talaphon* number*, H any. You may add a paaudonym, M you wleh. V Addraaa your letter* to; Tha Editor, Bualnoaa Tlmaa, 390, Kim Sengßoed, Singapore IHI49 words
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Page 15 Miscellaneous
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Miscellaneous1315 1990-01-20 15 C ATI IDHAY BBC Highlights a trucker. So imagine their mutual dismay O I l\ L*S A I Saturday, Jan 20, 9.90 am when Hank and Nigel finally get to meet! Just William Aunt Arabella in Charge Directed by Gordon House, the play stars RRC Ginger's parents are away, so1,315 words
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Page 16 Advertisements
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Advertisement226 1990-01-20 16 {Where to entertain... Where tv entertain... Where to entertain... Whet? ft? For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations, *****10 or *****85 ext *****/6. RUM V GRILL THIWtSTINPIAZA WfeSTIN NDnulUnan suimy RIJSfF-TFIYEC Discover our Indonesian buffet served with traditional226 words
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Advertisement188 1990-01-20 16 Tantalising steaks and chop®, fresh jfrnT seafood with our WMV* J 1 "mouthwatering" TV\ as starter. All kVA^ for the price of reservation today. HIMO GOURT MOTEL SINGAPORE No. 1 Tanglin Road Singapore 1024 Tel: *****33 ■I 1 |i *&UK4/I Hcut Iftan January 26, 27 4c 28 CaflJ LUNAR BUFFET188 words
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Advertisement185 1990-01-20 16 Yu Shen at Ruyi RAINBOW raw fish salad, otherwise known as "Yu Shen" will be available at the Hyatt's premier Chinese restaurant during Chinese New Year which falls on January 27 and 28. 1990. Exquisite bite-size pieces, better known as Tim Sum, are ideal luncheon buffet food for executives with185 words
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Advertisement203 1990-01-20 16 f|AwH|lVi^Nn IQSSSI TTiealre Restaurant Adult: $16.50 Child under 12: $10.00 Plaza Hotel SINGAPORE mmmmmmmmmmm *m Brad) Road Singapore 0719 Tei *****11 > m This versatile Filipino band is sure to enthrall you with sentimental oldies of the 60's 70's, Country Western and the latest pop. Showtime: Mon Thur: spm to203 words
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Advertisement311 1990-01-20 16 I To those who've yet to discover *ft I the true flavour of Hungarian Cuisine 1 I Unravel the delights of Hortobagyi Husos I I Palacsinta, Esterhazy Rostetyos and over 60 I I Hungarian favourites. Hungary, anyone? 4 I HUNGARIAN BUFFET LUNCH I 2 31 January "90 I I noon311 words
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Page 17 Advertisements
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Advertisement162 1990-01-20 17 entertain..,. I I Every Sunday I Themes A I Family Feast I In TIkE Park. At the Hubert iu Grill, Sunday brunch it a great I outingforthefamily. A glorious buffet spread it laid I out for both grown ups and children. And to make jure the kids are truly entertained,162 words
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Advertisement168 1990-01-20 17 1 Tfm nn rtosri#is p Our «Mor popular Steamboat wifl make your (fining out a trua pleasure. Kings I All manner of Teochew delicacies await you at two very convenient locations on Battery Road in the Business District, and at Centrepoint on Orchard Road. Whether you're planning a celebration for168 words
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Page 18 Advertisements
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Advertisement338 1990-01-20 18 Hors d'oeuvre of the new Europe THE FOtE GftAS aarved in the common European houso promises to be good and cheap. This is heartening naws for many Europeans, dispiriting for the 000 companies and farms in south-weet France that dominats production of Mm grma. Till now, East European producers Poland,338 words
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Page 19 Advertisements
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Advertisement21 1990-01-20 19 t ■^r c rx 4 > f -f* f > > < r A CcUcli c) glimpse ol Ancirnl Soulh-lv'isl \si<i cil Ihr kimin Collection21 words
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Page 19 Miscellaneous
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Miscellaneous526 1990-01-20 19 CRYPTIC PUZZLE 2 A lovely ash? (4, 4) WM> ~~■nHBI ACROSS 3 Does determine 8 Anticipated and the 4j h 9 Awaits developments view* to *(4^2,*3) prison sentence misses the chief 16 Do get 20 Submit and have the tion?'*)) 0 f proh bi 35|| M l^-PI —P^l ||*II 22526 words
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Page 21 Advertisements
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Advertisement238 1990-01-20 21 FRASER ROACH CO PTC LTD Member Company of Stock Exchange of Singapore Lid invites applications for the position of MANAGER (REGISTRATION/NOMINEES DEPARTMENT) The successful candidate wil be responsible for e Share Registration ensuring the timely lodgement of shares for registration and liaising with Share Registrars. e Nominees maintenance of Nominee238 words
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Advertisement112 1990-01-20 21 DHL IN THE NEWS Advertisement IJIAMmn lU A As the heading air express Meeiing 111" distribution company, DHL sets the I- m pace in providing customised solutions Cn3ll6nCl6S OT t0 the distribution requirements of 5# customers. DHL delivers documents 4 A "i QQOq and packages of all shapes, sizes and112 words
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Advertisement285 1990-01-20 21 JOIN A RETAIL LEADER THAT'S GOING PLACES r* ur client, a retail group is a major force in P inanCC IJll 6CIOT retailing with an impressive record of profitable growth. This has been achieved by pro-active ¥AI|M j pA AAA n 0 management and a commitment to excellence Around 3285 words
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Page 22 Advertisements
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Advertisement190 1990-01-20 22 CALL 000S SHELL TAKE CARE OF YOUR/NEEDS. DAY > lIIBbL New 24 Hour f==| f~\ HHH 'Loan and Information 41 51 D WBMW Sen/ice and Approval' W c G) SI s sssr asi ei Mi ®Wh|K"■ 52 M r fIH ■M™ MFy PPWOVED rMAPPPOvrnI iflKji. $550,000 Ikßjil line i()m ■k9190 words
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Page 23 Advertisements
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Advertisement8 1990-01-20 23 Warrants premium and gearing table Is held over8 words
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Advertisement477 1990-01-20 23 Executive Relief s Information is the key to your success. Today's busy executive must have knowledge of the right skills, strategies, techniques.and philosophies in order to have the competitive edge. This knowledge and the latest trends in business, management, finance, marketing, advertising, etc are in the best business books published477 words
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Page 24 Advertisements
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Advertisement173 1990-01-20 24 REDISCOVER THE ART OF OPEN-FIRE CUISINE. THE ORIENTAL SINGAPORE Open-fire cooking is a skill that has been all but lost to modern man. But at Fourchettes Grillroom, in The Oriental, Singapore, our chefs still practice this art carefully grilling the choicest meats over a bed of sea stones brought to173 words
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Page 24 Miscellaneous
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Miscellaneous660 1990-01-20 24 toman Kirana, Today. 3.10pm, SBC 5 After his tertiary studies in Britain, a young Malay man returns to Kuala Lumpur with an English wife. Of course his mother is disappointed. But especially irritated is deer uncle, who hsd fundsd the boy's studies snd had expected him to marry his daughter.660 words
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Miscellaneous1935 1990-01-20 24 C ATI IDHAV ■C: T: Tamil; 12 ESSST* KfMH OA IU l\ L/A T M: Mala* n wpaal Mr 3.15 tcfiw n SBC 12 Beverty Hills Cop (r. See >» 5.00 The Chafe Choice (C). L'J L*l The week's movies) 5.30 nmrtwMow of in i^ia^HHHHHHßfllHfli 12.20 AM The Foundation Past1,935 words
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