The Business Times, 20 January 1990

Total Pages: 24
1 24 The Business Times
  • 12 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend Edition, January 20-21 1990 75 CENTS
    12 words
  • 434 1  -  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 award
    434 words
  • 267 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 Jaffar
    267 words
  • 543 1  -  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 site
    543 words
  • 134 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
  • 147 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.***** M
    147 words
  • Page 1 Advertisements
    • 291 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 Extorths
      291 words
    • 175 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 Timeless
      175 words
    • 21 1 Full report, PAQE Regional Mkts, PAQE 10 World Mkts, PAQE 11 Tho Dow Jooti and Footsie reports are on PAGE 12
      21 words
    • 5 1 Nikon < The Wbrid'sßneat PtmoyaplHc fyHw
      5 words

  • HOME NEWS
    • 431 2  -  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 Orchard
      431 words
    • 305 2  -  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 what
      305 words
    • 46 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
    • 189 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
    • 126 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 the
      126 words
    • 96 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 higher
      96 words
    • 237 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, ALLS
      237 words
  • 2060 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 MM
    2,060 words
  • 1106 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 SQ011
    1,106 words
  • Page 2 Advertisements
    • 60 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 *t
      60 words
  • Page 2 Miscellaneous
    • 210 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 Amsterdam
      210 words

  • FOCUS
    • 2017 3  -  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 a
      2,017 words
  • Page 3 Advertisements
    • 310 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 H
      310 words

  • WORLD BUSINESS & POLITICS
    • 454 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 about
      AP  -  454 words
    • 257 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 licences
      AFP  -  257 words
    • 233 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 Ferenc
      AFP  -  233 words
    • 398 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 the
      AFP  -  398 words
    • 254 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 will
      Reuter  -  254 words
    • 306 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 meet
      Reuter  -  306 words
    • 409 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 states
      Reuter  -  409 words
    • 326 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 former
      AFP  -  326 words
    • 369 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 fell
      Reuter  -  369 words
    • 167 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 issued
      AFP  -  167 words
    • 177 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 do
      Reuter  -  177 words
    • 385 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 yesterday
      Bernama  -  385 words
  • Page 4 Advertisements
    • 86 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 hits
      86 words
  • Page 4 Miscellaneous
    • 57 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 MENTION
      57 words

  • COMPANIES & MARKETS
    • 178 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 Ang
      178 words
    • 465 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 some
      465 words
    • 203 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 to
      203 words
    • 324 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 the
      324 words
    • 282 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 Parnas
      MBT  -  282 words
    • 606 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
    • 331 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 selected
      331 words
    • 604 5  -  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 a
      604 words
  • Page 5 Advertisements
    • 49 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*tcml
      49 words

  • MONEY AND EXCHANGES
    • 434 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 association
      Bernama  -  434 words
    • 257 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 not
      Bernama  -  257 words
    • 823 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 and
      823 words
    • 292 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 year
      292 words
    • 156 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
    • 286 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 Manuel
      286 words
    • 661 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 June
      661 words
    • 64 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 ytfrdayt
      64 words
    • 99 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* raf
      99 words
    • 155 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 1/4
      155 words
    • 1177 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

  • BANKING AND FINANCE
    • 509 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 figures
      FT  -  509 words
    • 472 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, or
      Reuter  -  472 words
    • 244 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
    • 81 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 foreign
      Reuter  -  81 words
    • 492 7  -  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 push
      492 words
    • 401 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 market
      Reuter  -  401 words
  • COMMODITIES
    • 340 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 RSS
      340 words
    • 249 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
    • 293 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$25 lower at HK53,007 a tael. Coina
      293 words
    • 132 7 THE Kuala Lumpur Tin Martlet (KLTM) fell 18 cents to dose at MSI 7.70 a kg after holding relatively steady In recent days. to an MMal mainly due to large dlepooal ahead of Hie approachIng feetive seseon. Final turnover eettled at 80 tonnes, against Thursday's Eftwi vVilVie WiuiOrwW
      132 words
    • 148 7 Telerate FUEL oil prices edged higher with the rebound in crude futures seen providing some underlying support to prices. Hsfo futures on Simex traded higher for most of the day but fell slightly on profit-taking towards the close of the noon session. A high BTU cargo
      Telerate  -  148 words
    • 500 7 MALAYSIAN CRUDE PALM OIL FUTURES: came under selling pressure on the Kuala Lumpur Commodity Exchange to end slightly lower. Dealers said the market opened steadier on news that Pakistan has bought some palm olein but prices soon gave way to selling pressure and week-end liquidation. The quiet cash
      500 words
    • 192 7 Chiotit Product Exchange SoNort' noon doatng pden on January 19 (S$/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 NIW
      192 words
    • 198 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*60/319.00
      198 words

  • SES
    • 789 8  -  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 Average
      789 words
    • 234 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 S
      234 words
    • 660 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
  • SES SHARE INFORMATION
    • 2886 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 76 220 262
      2,886 words
    • 2004 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 Cheung
      2,004 words
    • 241 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 6 296
      241 words
    • 261 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 3775
      261 words
  • Page 8 Advertisements

  • KLSE
    • 3146 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 was
      MBT  -  3,146 words
    • 260 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 8/4
      260 words
  • Page 9 Advertisements

  • REGIONAL MARKETS
    • 398 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, Citic
      Reuter  -  398 words
    • 285 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
    • 337 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. The
      MBT  -  337 words
    • 266 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 buying
      NYT  -  266 words
    • 164 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 there
      Reuter  -  164 words
    • 1142 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 Kong
      Reuter  -  1,142 words
    • 648 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 side
      Reuter  -  648 words
    • 569 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 36.6
      Reuter  -  569 words
    • 236 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 Orchid
      Reuter  -  236 words
    • 386 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 s
      Reuter  -  386 words
    • 288 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 the
      Reuter  -  288 words
    • 219 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 there
      Reuter  -  219 words
    • 169 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
    • 103 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 higheet
      Reuter  -  103 words
  • Page 10 Advertisements
    • 382 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 respect
      382 words
    • 236 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 this
      236 words

  • WORLD MARKETS
    • 417 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 also
      AP  -  417 words
    • 259 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 people
      Reuter  -  259 words
    • 202 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 1.5
      AFP  -  202 words
    • 1723 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 on
      Reuter  -  1,723 words
    • 884 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. Wall
      Reuter  -  884 words
    • 301 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 maker
      UPI  -  301 words
    • 198 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, news
      Reuter  -  198 words
    • 148 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, ariaaa
      NYT  -  148 words
    • 817 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
  • Page 11 Advertisements

  • 359 12  -  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 a
    359 words
  • 449 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 intends
    Reuter  -  449 words
  • 286 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 Chinese
    AFP  -  286 words
  • 336 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 a
    Reuter; AFP  -  336 words
  • 413 12  -  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 the
    413 words
  • 138 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 received
    138 words
  • 441 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 to
    Bernama  -  441 words
  • 214 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 dawn
    AFP  -  214 words
  • 206 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 Jakarta
    AP  -  206 words
  • 238 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 reform
    Agencies  -  238 words
  • 323 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-year
    Agencies  -  323 words
  • LATE FILE
    • 52 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 Nagara
      Bernama  -  52 words
    • 49 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. Rautar
      Reuter  -  49 words
    • 27 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
    • 46 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
    • 37 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.— Reuter
      37 words
  • 27 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. Reuter
    Reuter  -  27 words
  • 30 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. AP
    AP  -  30 words
  • 52 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 Iste
    Reuter  -  52 words
  • 500 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, the
    Reuter  -  500 words
  • Page 12 Advertisements

  • Executive Lifestyle
    • 263 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 wished
      263 words
    • Article, Illustration
      605 13  -  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 country
      605 words
    • 680 13  -  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 years
      680 words
    • Commentary
      • 1523 14  -  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 of
        1,523 words
      • 1157 14  -  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 Paris
        1,157 words
      • 666 14  -  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 will
        FT  -  666 words
      • 203 14  -  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 at
        203 words
      • 90 14  -  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 is
        90 words
    • Executive Lifestyle: Entertainment & Pursuits
      • 600 15  -  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 chignon
        600 words
      • Article, Illustration
        913 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
      • Article, Illustration
        548 15  -  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 looked
        548 words
      • 357 15  -  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 the
        357 words
      • 841 16  -  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 something
        841 words
      • 570 17  -  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 the
        570 words
      • Article, Illustration
        993 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 on
        993 words
      • 931 17  -  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
      • 445 17  -  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 during
        445 words
    • Executive Lifestyle: Pursuits
      • 1411 18  -  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
      • Article, Illustration
        393 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 works
        393 words
      • 573 19  -  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 s
        573 words
      • 814 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 had
        814 words
    • Executive Lifestyle: Sports
      • 544 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$3 million Australian Open in Melbourne. McEnroe's performance was much more impreaaive than that of defending champion Ivan Lendl, a lethargic
        AP  -  544 words
      • 447 20 CRICKET AFP PACEMAN CARL RACKEMANN diamiaaed three batamen with four deliveriee on the first day of the aecond Teat againat Pakiatan at Adelaide Oval yeaterday. Hie four wickets for 40 rune helped reatrlct the Pakiatan firat innings total to 257. At tea the
        AFP  -  447 words
      • 185 20 YACHTING AFP EUROPEAN CHALLENGERS for the America's Cup, the most coveted prize in world yachting, have set up their own association to build up the continent's challenge to the American domination of the event. At a meeting in Milan, Italian industrialist Raul Gardini
        AFP  -  185 words
      • 640 20 ATHLETICS AP IT'S UNLIKELY that Abdi Bile will run a world indoor record time in the mile at the Sunkist Meet or earn the US$lOO,OOO bonus that goes to anyone who can. Bile's whole life, however, has consisted of a string of unlikely
        AP  -  640 words
      • 483 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 remaining
        AP  -  483 words
      • 439 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 for
        AFP  -  439 words
      • 414 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 Las
        AP,; Reuter  -  414 words
      • 659 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 than
        AP  -  659 words
    • Executive Jobs
      • 1316 21  -  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 philosophy
        1,316 words
      • 311 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 is
        311 words
      • 1108 21  -  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 are
        1,108 words
    • Executive Lifestyle: Investment and Finance
      • 1148 22  -  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 the
        1,148 words
      • 206 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. Three
        206 words
      • 690 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 ia
        Reuter; Source: Compuchart Services  -  690 words
      • 792 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
      • 691 23  -  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 is
        691 words
      • 686 23  -  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. Whilst
        Source: Richard Ellis(Pte)Ltd  -  686 words
      • 318 23  -  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 the
        Source: Investment Data Services Ltd, London  -  318 words
      • 969 23  -  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 Streeters
        969 words
  • Page 13 Advertisements
    • 335 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, the
      335 words

  • Page 14 Advertisements
    • 116 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
    • 49 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 IHI
      49 words

  • Page 15 Miscellaneous
    • 1315 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, so
      1,315 words

  • Page 16 Advertisements
    • 226 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 traditional
      226 words
    • 188 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 BUFFET
      188 words
    • 185 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 with
      185 words
    • 203 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 to
      203 words
    • 311 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 noon
      311 words

  • Page 17 Advertisements
    • 162 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
    • 168 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 for
      168 words

  • Page 18 Advertisements
    • 338 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

  • Page 19 Advertisements
  • Page 19 Miscellaneous
    • 526 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 22
      526 words


  • Page 21 Advertisements
    • 238 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 Nominee
      238 words
    • 112 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 and
      112 words
    • 285 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 3
      285 words

  • Page 22 Advertisements
    • 190 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 ■k9
      190 words

  • Page 23 Advertisements
    • 8 23 Warrants premium and gearing table Is held over
      8 words
    • 477 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 published
      477 words

  • Page 24 Advertisements
    • 173 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 to
      173 words
  • Page 24 Miscellaneous
    • 660 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
    • 1935 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 Past
      1,935 words