The Business Times, 3 February 1990

Microfilm: NL16947
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend Edition, February 3-4 1990 75 CENTS
    12 words
  • Article
    Lock icon Klang port workers may go on strike for a stake
    198 1 Reuter WORKERS at Klang port have threatened to go on strike in March to press for a stake in the port's privatised container terminal. The 3,300-strong Port Authority Staff Union (Pasu) on Thursday served a 42-day strike notice on the
    Reuter  -  198 words
  • Article
    Lock icon Malaysian plantation workers to end nationwide strike
    455 1 Reuter NST ABOUT 65,000 Malaysian plantation workers agreed yesterday to frnd a nationwide strike after Acting Labour Minister Lee Kim Sai referred the dispute to the Industrial Court and ordered them to return to work. "We will comply with the law and stop
    Reuter; NST  -  455 words
  • Article
    MAS, banks raise key interest rates
    430 1  -  By HONG LEE TIAM THE MONETARY Authority of Singapore (MAS) and about two dozen commercial banks have jacked up their key interest rates in what is seen as s spillover effect of easy loans for new share issues. From today, the MAS will raise
    430 words
  • Article, Illustration
    Golf club membership prices still climbing
    480 1  -  By WALTON MORAIS AN ATTEMPT by s syndicate to drive golf club membership prices down hss failed. Instead, prices sppesr to be still rising with ons club even quoting s $500,000 membership bid. Although pricss of transfsrable memberships srs ssid to be stabilising in
    480 words
  • Article
    Lock icon US jobless rate steady in January
    159 1 AP. Reuter THE US unemployment rats held steady at 5.3 per cent in January for the eighth consecutive month as the economy began the new year by producing 275,000 new Jobs. But the US Labour Department also said that the strong |ob growth figures
    AP.; Reuter  -  159 words
  • Article
    Lock icon DOW JONES
    39 1 AFP PRICES of lesding shsres opened lower on Well Strset yesterdsy. with the Dow Jones industrisl sverege down 2.93 points to 2,583.33 points fivs minutes into the session. On Thursday, the Dow cioeed 4.28 points lower. AFP
    AFP  -  39 words
  • Article
    Lock icon Footsie
    58 1 AP UK SHARES crept slightly higher in trading yesterdsy morning. Deelers said s sharp rise on Tokyo's Nikkei index overnight boosted the market but institutional buyers were reluctant to chase pricee higher from current levels. At 1210 GMT. the Financial Times Slock Exchange lOOehara index was up 4.8 points,
    AP  -  58 words
  • Article, Illustration
    STII posts double-digit gain for second day
    211 1 STOCKMARKETS in Singepore and Tokyo cloood higher yeeterdsy on widoeprood ineUtutlonal buying. The Msppai stockmarket roee again on a rocord turnover. Tho Strait* Times Industrials InOM pOvtvO OOUWfKHgIi QftiOl lOf u»e SaOOOO COOHCUiIVe 09jf« n moved up 20.30 points to 1.848.13, whilo tho
    211 words
  • Article
    FINANCIAL MARKETS SUMMARY
    151 1 *Mar STMMMUm 1449.13 ***** IT-MOAMm 90X23 1 (LOO) NRUMWMm 3,957.15 (+4943) MK Nm§ Sana kidox *****4 (-1136) Tokyo NMwl Aiw«m 3745*15 44X73) 9ydwy AI OiiRnartoa 1467.6J-X3) Nl« York (Do* Jam*) 3.T96 TK 4 39) London (FT 30 Mm) *****( 24 US$i l4X10ym U6777DM SS***** L US$***** M$i
    151 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      230 1 Nikon I > The Wbrid's Finest Photographic Systom. JHR My bonnie land Page One Britain's colonial responsibility Pag* Two ■Bmui Progress can mask a sick society Page Five Ftti Be my sashimi Page Seven Sptrls Sad end to Coe's 14-year career Page Eight Extcatfvt jus Headhunters come into their own
      230 words
    • Advertisement
      Page 1 Advertisements Column 2
      10 1 Thai slocks plunge on rumour* of ttrlko spreading, Bock Pago
      10 words
    • Advertisement
      Page 1 Advertisements Column 3
      251 1 mm M report, MM Regional Mkto, PAOE It Work! Mkta, PAOE 11 MDM •LA MONTRE DES MOHTHES •LA MONTRE DES HONTRES t l "0" T e ot "0»T«ll •LA MONTRf Oil MONTMS 2 UhNhvt 5 I S 0 > 1 Time is divided into two parts: before and after Hublot
      251 words
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  • HOME NEWS
    • Article, Illustration
      Tourists exceed STPB's expectations by 500,000 Tourists exceed STPB's expectations by 500,000
      380 2  -  By JOHN TAN MORE THAN 4.8 million tourists visited Singapore last year, half a million above the Singapore Tourist Promotion Board's projection of 4.3 million. At the sth Tourism Awards held on Thursday night, guest of honour Mr
      380 words
    • Article
      STPB to set up Osaka office soon
      191 2 THE SINGAPORE Tourist Promotion Board will set up an office in Osaka within the next 12 months, STPB chief Leong Chee Whye said yesterday. Mr Leong was speaking at the signing of the certificate of affiliation between the board and the Osaka Tourist
      191 words
    • Article
      Hongkong expects increase of 8-10pc in visitor arrivals
      477 2  -  By SANGEETA MULCHAND DESPITE suffering a 4.1 per cent drop in visitor arrivals last year, Hongkong is projecting an 8-10 per cent increase in total arrivals to some 5.8 million this year. Indeed, tourism figures for December indicated that Hongkong was beginning
      477 words
    • Article
      Air cargo volume through Singapore expected to soar to 1m tonnes by '96
      404 2  -  By JEFFREY TSANG AIR CARGO through Singapore is expected to rise by about 9 per cent a year for the next 10 years. At that rate of growth, the volume of throughput at Changi should hit one
      404 words
    • Article
      NTUC Income sales of life policies total $1.4b
      146 2 NTUC INCOME the insurance cooperative sold $1.4 billion worth of life insurance policies last year. This total, up $108 million or 8 per cent over 1988, exceeded its target for 1989. In a statement laat night. NTUC Income said it managed to
      146 words
    • Article
      SDP urges govt to rescind decision on vehicle quota
      194 2 THE Singapore Democratic Party (SOP) has urged the government to rescind its decision to impose quotas on vehicles until more research can be carried out. In a statement signed by SDP secretary-general Chiam See Tong, the party alao condemned the interim
      194 words
    • Article
      Sign up for CPF scheme: Case
      112 2 THE Consumer Association of Singapore (Case) has advised Central Provident Fund (CPF) members who have not signed up for the Dependant's Protection Insurance Scheme to do so. "The low annual premiums yield comfortable enough returns for beneficiaries of CPF members or members themeefves, if
      112 words
    • Article
      Media park idea for printing and publishing industry
      307 2 A NUMBER OF initiatives are being considered to further promote the printing and publishing industry, which grew by 14 per cent last year to more than $1.5 billion. Among them ie a "media park" concept, which will accommodate companies in media-related businesses
      307 words
    • Article
      Four BCCS members resppointed
      123 2 PRESIDENT Wee Kim Wee has resppointed four members of the Board of Commissioners of Currency (BCCS) for s period of three years with effect from Feb 1. They are Overseas Union Bank group chairmen Lien Ying Chow; Dresdner (S-E Asia) managing director Heinz Guenter Jungjohann; DBS
      123 words
  • Article
    SHIPS IN PORT
    1497 2 AT CONVENTIONAL WHARVES KoiMKMto* I 04/90 M2B 202/ 2300 MoMota Exp *****0 MIC ok**** 302/0500 VMMi Vow No Borto Arrival HimUmh M*toko Joyo 2/90 M4A 202/ M00 SWoto« 2 0890 M48 olongdd* KB/1300 TTlUPlI mill i ll BoftMfttoiM *****9 MIC 102/0100 402/(M00.. Arvi r*, 18 W6 IC29
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  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      185 2 Qlobal temperaturea and weather forecast for Feb 3 City Mai/ Note OUTLOOK: Skewers Min r several ereas In ro ■•port for 24 hour* prior Aberdeen 05/01 Sunny *> 7.30pm on Fob 2of Amttordom 05/03 Rain airport Alhom 1 2/09 Showort Auckland 26/17 Fair tuimKlj Bangkok 33/23 Fair "VJ Ming -9/-15
      185 words
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  • WORLD BUSINESS & POLITICS
    • Article
      Lock icon US sanctions: China lodges strong protest
      447 3 Reuter CHINA lodged "a strong protest" •gsinst ths US Administration and Congress yesterday for imposing economic end military sanctiona in reaponae to the Tiananmen incident laat year. Deputy Foreign Minister Liu Huaqiu delivered the toughlyworded protest to James Lilley, the US Ambaaaador to Beijing,
      Reuter  -  447 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1178 3 ARRIVALS DEPARTURES Operator number toed Hme From Operator OwfVKf number rime For MAS MAS JAL AM MK AM HK SU Mas UAL CAL MAS SU *K MAS SVA KAL SU MAS SAW MAS SU ACA SU CPA CAL MAS AM VCTNAM SU OU RtA SU QfA MO.
      1,178 words
    • Article
      Lock icon HK Telecom deal has got China's blessings
      339 3 Reuter THE Hongkong arm of the China International Trust and Inveetment Corporation (Citic) has denied rumours in the Hongkong stock market that the company did not have its Beijing parent's approval to buy a stake in Hongkong Telecommunicationa. "We have been negotiating with
      Reuter  -  339 words
    • Article
      SGS role in Jakarta to be phased out rather than removed
      200 3 INDONESIAN Finance Minister Johannes Sumerlin said that the DirectorateGeneral of Customs and Excise would not take over all the Jobe currently assigned to the Genevabaaed surveying company Societe Generate de Surveillance (SGS). "We recognise that it is impossible for
      200 words
    • Article
      Lock icon Call for inquiry into Ferranti top appointment
      397 3 AFP THE BRITISH AntiApartheid Movement (AAM) has demanded an official inquiry into why a US businessman allegedly involved in proscribed arms sales to South Africa was able to become a director of one of Britain's top weapons companies. A spokesman for the AAM
      AFP  -  397 words
    • Article
      Lock icon Japanese trade surplus shrinks dramatically
      491 3 Reuter RECORD SPENOINQ by Japanese abroad, higher oil imports and a strong US dollar helped cut Japan's trade aurplua in 1960 to its lowest level in four years. However, economists in Tokyo said yesterday the trend is set to reverse in 1990. Japan's current account,
      Reuter  -  491 words
    • Article, Illustration
      Lock icon Taiwan's Speaker of Parliament to step down from office on Feb 8
      282 3 AFP LIU KUO-TSAI, Taiwan's Speaker of Parliament who has been frozen in office since 1969, announced his retirement in Taipei yeeterday, a move that political analysts said would inject new blood into the ageing leadership of the island's
      AFP  -  282 words
    • Article
      Lock icon Tokyo car makers' imports to hit US$7b in 1992
      153 3 AFP IMPORTS of motorcars and car parts by Japan'* tan car makers will reach US$7.l billion in fiscal 1992, up 190 per cent from 1998, according to the Ministry of International Trade and Industry yesterday. Imports of motorcars and car parts
      AFP  -  153 words
    • Article
      Lock icon Sri Lanka launches drive to attract foreign investors
      256 3 Reuter SRI LANKA is launching a yearlong international promotion campaign to win back foreign investment that has been lost through ethnic strife. According to an official spokesman on Thursday, the campaign will centre on an international investors forum, sponsored by the United
      Reuter  -  256 words
    • Article
      Lock icon Japanese TV makers expect minimal loss from France's blocking of imports
      235 3 Reuter JAPANESE television makers are optimistic effects on profits will be minimal from a European Community (EC) decision to allow France to block imports of Japanese sets, according to company spokesmen yesterday. The EC gave France permission on Wednesday
      Reuter  -  235 words
    • Article
      Lock icon Japan's jobless rate last year lowest since 1981
      388 3 AFP JAPAN'S unemployment rate continued to fall last year to an average 2.3 per cent of the work-ing-age population, down from 2.5 per cent in 1990 and the loweat level eince 1901. The low level of unemployment increased concern that the shortage
      AFP  -  388 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
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  • COMPANIES & MARKETS
    • Article, Illustration
      Hotel Properties given options to have interest in Hard Rock Cafe
      537 4  -  By ROBIE TAN ONG BENG SENG, who holds the franchises to operate the world famous Hard Rock Cafe in Singapore, Bangkok and Hongkong, has given his listed flagship Hotel Properties Ltd (HPL) options to participate in the franchises. Announcing
      537 words
    • Article
      Trading in Apollo to be suspended on Monday
      312 4 TRADING in Apollo Enterprises shares will be suspended on Monday, pending an "important announcement", the hotel group said yesterday. There was no indication of what this might be. but it could concern the rights issue that the group had been hinting at
      312 words
    • Article
      Lock icon Kim Eng planning to set up research arm in Kuala Lumpur
      615 4 NST BROKING FIRM Kim Eng Holdings Ltd, which recently attracted some Ms3o billion from the market place with its public share offer, is keen to set up a research arm in Kuala Lumpur as soon as possible. If its
      NST  -  615 words
    • Article, Illustration
      F&N group plans corporate HQ at Alexandra site
      547 4  -  By MAGDALENE NG THE FRASER and Neave group has obtained planning approval for the construction of a corporate headquarters for itself and subsidiary Malayan Breweries at the Tiger Brewery site at Alexandra Road. The food group is also examining redevelopment possibilities for
      547 words
    • Article
      Lock icon Mixed results expected from Malaysian companies
      310 4 Bernama COMPANIES LISTED on the Kuala Lumpur Stock Exchange (KLSE) releasing their year-end financial results next month, are expected to come out with mixed results. Malaysian Investors' Association (MIA) president Mr Patrick Lim said. "Some companies have performed very well with big extraordinary gains
      Bernama  -  310 words
    • Article, Illustration
      F & N to hold 51 per cent stake in new Coca Cola venture
      343 4 F N to hold 51 per cent stake in new Coca Cola venture FRASER NEAVE will be holding a 51 per cent stake in the new joint venture company with the Coca Cola Company of Atlanta, Georgia, to take over its soft drinks operations. In its 1080 annual report released
      343 words
    • Article, Illustration
      Lock icon Berjaya prefers Taras, Guthrie GTS to solve Shahzan deal
      573 4 MBT BERJAYA CORPORATION is leaving it to Taras Holdings and Singapore-listed Guthrie GTS to solve the problem arising from its proposed purchase of Shahzan Tower. Berjaya chairman Datuk Suleiman Mohd Amin said that ss Berjaya is purchasing the 40-sto-rey office complex
      MBT  -  573 words
    • BANKING AND FINANCE
      • Article, Illustration
        Lock icon Nigel Lawson joins board of Barclays Bank
        342 5 Reuter FORMER CHANCELLOR of the Exchequer Nigel Lawson, whose sudden rssignstion threw the UK government into s crisis last year, joined the board of one of Britain's biggest banks on Thursday. Mr Lawson, who stormed out of the government in October after s
        Reuter  -  342 words
      • Article
        Lock icon Canadian bank officials take a dressing-down for financing strip clubs
        182 5 Reuter lA CANADIAN government devel--opment bank haa relieved its chief lending officer of his duties juid punished 14 officials for financing 38 strip clubs. "We have reached the conZelusion that those responsible > for both the policy and I day-to-day
        Reuter  -  182 words
      • Article
        Lock icon Bankers Trust recruiting staff to build up mergers business
        368 5 Reuter SWIMMING against the tide of Wall Street'a growing disenchantment with deal making. Bankers Trust New York Corp is bullishly building up its mergers business, chairman Charles Sanford said. "We are spending money in the advisory business. This is the cheapest
        Reuter  -  368 words
      • Article
        Lock icon Filipinos unhappy about debt problem
        203 5 AFP MOST FILIPINOS are dissatisfied over the government's handling of the foreign debt but believe in solutions other than debt repudiation, a nationwide survey released on Thursday said. Yet only 40 per cent of the 1,200 people surveyed expressed willingness to make sacrifices in order
        AFP  -  203 words
      • Article
        NDC Merchant Bank revamps corporate titles of senior staff
        135 5 NDC MERCHANT Bank, a whol-ly-owned subsidiary of DBS Bank, haa made changes to the corporate titles of its senior mansgement staff. Under the changea, which took effect from Feb 1. the bank'a director and chief executive, Tan Mong Tong, is now
        135 words
      • Article
        Lock icon DFC statutory managers to present report on Feb 7
        114 5 Reuter DFC New Zealand Lid's statutory managers will make public their initial report to creditors on Feb 7. the msnagers said in a statement. Statutory managers Don Frsncis and Tom Daviee said they will present their report, outlining plans for the
        Reuter  -  114 words
      • Article
        Lock icon Tokyo prepares to set up more German investment funds
        267 5 Reuter JAPANESE securities houses ars preparing to set up more German investment funds in Tokyo in sn attempt to cash in on the booming Wsst German economy and stock market. Japsneee securities house sources said. Nikko Securities Co Ltd completed the
        Reuter  -  267 words
      • Article
        Lock icon Western allies sceptical about US plan to use IMF gold reserves
        511 5 Reuter A RADICAL US scheme to reduce the debt arrears of Third World nations which could involve selling gold they have paid to the IMF ran into initial scepticism from Washington's Western partners on Thursday. Monetary officials in several
        Reuter  -  511 words
    • COMMODITIES
      • Article
        Produce Prices
        201 5 CMmm Product Exchange SotUn noon dosing pricos on Fobrvory 2 (S$/100 kg) Coconut oil M FOB 79.00 I Otd drum FO# 93.00 Now drum FOB 89.00 t Copra «Mx*d (Ioom) 41.00 nlm .Poppor Muntofc whit* FOB NIW 382-50 l fnffiimA dOrawaR WTWTW FOB faq NIW 372.50 r. Sarawak
        201 words
      • Article
        London Markets
        198 5 .London -Commodity Exchange ftuyer/S«ller dosing prices on Fob 1 (£/tonno unless specified). Previous dosing prices in parenthesis. Coffee Mar 578/580 (546/575) High/low 579/570 Mfly 583/584 590/582) Mgh/law 585/575 JSetm (1462) ■CMCOm «Mer 625/626 (627/628 >«gh/Low 629/625 May 636/638 (639/640) High/low 64C 6 36 Sal* (2273) No 6 FOB
        198 words
      • Article
        RAS and MRELB
        336 5 RAS prices m s fob m bo*M NOON CLOSE Buyer* SoMort ftuyon S»lhn Int 1 RSS Prompt 161 JO 162.50N 161 JO 162.50 bit 1 RSS Mor 90 163.75 164.25 16X73 164.23 b* 1 RSS Apr 163.23 163.75 163.23 ***** kit 2 RSS Of 136.00 158.00N 156.00
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      • Article
        Rubber
        309 5 BMGAPORE: Rubber pricee cloeed easier with March 1 RSS buyer quoted at 183.75 cents s kg. down one cent from Thursday's close. Dealers said pricee fluctuated narrowly from early levela in quiet and featureless afternoon trading. One dealer aaid most operetors were sidelined aa there waa no intervention by
        309 words
      • Article
        KL Tin
        154 5 THE Kuala Lumper Tin Market (KLTM) extended Ms bearleh trend, falling 72 cento le ctoee at MSIBJB a kg despite e smell turnover. The merket lacked support following heavy leeeee on the London Metal Exchange (LME) on Wedneeday when tie local market wee cloeed for e holiday, one
        154 words
      • Article
        Soybean
        87 5 CBOT aoybean futurea cloeed down one to three cents per bushel on local long liquidation. The locale aold when follow-through buying failed to materialise after a speculator who covered soybean calls written Wedneeday drove the market to the sees ion highs at midday. The trade talk earlier today that
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      • Article
        Wheat
        79 5 CBOT wheat futures eased to close quietly mixed, with a retracement in CIF Gulf basis values pressuring nearby values, traders said. However, a general belief that the market was still technically oversold limited selling interest, al lowing light commission house shortcovering to drive deferreds higher. An Egyptian wheat flour
        79 words
      • Article
        Precious Metals
        362 5 HONGKONG: Gold closed easier on Japanese selling which offset Swiss buying in quiet trade during which little local activity was seen. "Local traders adopted a wait-and-see attitude ahead of the releaae of US Jobs data and they were unwilling to take new positions." a dealer aaid. A narrow
        362 words
      • Article
        Palm Oil
        400 5 MALAYSIAN CfWfPf PALM OIL PUTURCS: finished •lightly easier on the Kuala Lumpur Commodity Exchange (KLCE) in line with ioaaaa In Chicago soy oil tutu raa overnight, dealers aaid. Trading ramainad thin. Spot month Fab and April ramainad unchanged at M 8660 and MSSOS par tonne reapectiveiy while March
        400 words
      • Article
        Lock icon Crude Oil and Products
        141 5 Telerate PRICES of hsfo re* mained unchanged in Singapore. Activity was light, with only a few deals done through the week. Buy-sell indications for CSTIBO was at $84-96 mt fob/cif Sing for February cargoes. Taiwan tendered to buy 1.8%S fuel oil end would probably require more
        Telerate  -  141 words
    • MONEY AND EXCHANGES
      • Article
        Lock icon Economists sceptical of an early cut in base rates despite Liffe signs
        581 6 Reuter TRADING on the London International Finance Futures Exchange (Liffe) is pointing towards some eaaing in UK monetary policy by June, but economists doubt this means there will be an early UK baae rate cut. Last week. Chancellor
        Reuter  -  581 words
      • Article
        Forex markets
        1372 6 SINGAPORE: The dollar cloeed steady to higher, with players expecting little Impact from results of the US January Jobe data. "The dollar was going nowhere and moat activity waa focused on mark/yen croea play aa Japanese corporations were buying the mark and selling the yen." Victor Lam, treasury
        1,372 words
      • Article
        Comex gold/silver futures
        164 6 Gold futures on Fsbusry 1, 1990 tOO troy ouncn: USS par troy ounce Opaa Mgti Low Ml F«6 413.00 4IS.30 413.00 418.00 +3.60 Mar ***** 418.90 418a» 420.30 340 Apr 418.80 423JO 4)8.70 423.30 5-30 km 424.50 439.30 424.30 ***** 5J0 Aug 430.30 433.00 430JO 434.20 +170
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      • Article
        Asian dollar market
        310 6 ASIAN DOLLAR dapoait ratea anded unchanged from opening levels that diffared little from Thursday's closes. Trading was quiet dealers said. Weekend closed at 8-1/4 8-1/8 per cent week-fixed at 8-8/18 8-3/18 per cent, three months at 8-3/8 8-1/4 per cent and six months at 8-7/18 8-5/18 per
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      • Article
        IMM
        255 6 IMM CURRENCY future finished an uneventful afternoon narrowly mixed as trader# prepared tor Friday's key January US employment figuree. Forecasters on average looked tor a 186,00H0t0 rise In non-farm payrolls and a 5.4-per cent jobless rats. But traders cited a wktor-than-usual range of market forecasts tor the non-farm jobs
        255 words
      • Article
        Simex
        632 6 EURODOLLAR futures closed mainly easier on profittaking and weekend book-squaring ahead of the release of US January Job figurss. March eased to 91.65 from Chicago's 91.66 snd Juns sndsd unchsnged st 91.61. Around 2,620 lots were trsded. In Eurodollar options, two calls snd one put changed hands. Euroyen futures
        632 words
      • Article
        Money markets
        61 6 THE overnight rate on the Singapore money market waa down 4 points at 5 per cent yeeterday. Short-term rate tor one month waa unchanged. Two- and three-month ratea were up by 1/8 point to 7-1/8. SS htfbonh rotM at Am dose yiitvfdayi our* ho Ow5 4 l-Mtfh 7
        61 words
      • Article
        Government securities market
        106 6 Treasury bills P«rlod touo Yortordoy's dosing Day's cod* Maturity MO OffB HOM LOW 3 months IQ*****W 034)5.90 3.05 340 193 2J3 6 months 1 yoor IY*****Z 18.1090 342 3J7 3.71 3J0 Government notes end bonds Parted Issuo Maturity Coupon Yortorday's dosing Day's coda rata MO OFFER NGH
        106 words
      • Article, Illustration
        World interest rates
        149 6 'hiariMlN MMfip «f rpwi Interbank marfctl rata* (offar/bid) on Fab 2 US$ DM SWFC Yen r<m is/i4 i/u u —147/1 7 7/1 7 1/4 ts/a —»i/a *s/a i/a la* aj/l* —J/14 lil/lt- 14 15/'* l/U 7 >«/»* ll/l* *1/4 J 1/4 IJ l/» IS 1/4 J/4 Jf
        149 words
      • Article
        Options
        1154 6 CURRENCY FUTURES OPTIONS Friday FMwvory 2 1990 mutf hmohw (mwx) DMNak ommmrn 92 U 54 JAPAMCM YIN (MMCX) OmMMMI DM M wm 73 79 mrnmrnm mm up** M* Lm M M* LM 0*0 49 to to 00 71 14 CURRENCY FUTURES OPTIONS IMM THunday, Fcbuary 1, 1990 MfTttM POUNO
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    • SES
      • Article, Illustration
        Market continues to soar on institutional buying
        829 8  -  tf ABDUL HADHI INSTITUTIONAL BUYING yesterday continued to lift share prices in another day of record volume, pushing the Singapore market to end the week on a positive note. Brokers were mildly surprised by the continuing uptrend, especially after the slight pullback around
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      • Article
        MAIN BOARD
        240 8 Rises NCX Wrts 1993 106 +15.2% +14 C Properttes 650 +12.1% +70 UOt Wrt« 1993 136 +11.5% +14 Van dm Hr WrH 5714 +10.6% +5% K«pp«l C Wrts 462 +10.0% +42 FaS Wrti 1994 310 +9.9% +28 Nat Iron Wrts 302 +8.2% +23 NOl 188 7.4% +13 UOiWm
        240 words
      • Article
        CLOB INTERNATIONAL
        226 8 Rises MCB Hldgs 50* 382 +11.0% +38 G«org« Kant 50f 165 10.7% +16 Akom 142 +9.2% +12 Idris Hyd 50* 65% +7.4% +4tt API 64% +6.6% +4 MBf Hldgs 501 97 +6.6% +6 UMW 466 +5.9% +26 Palongi Bhd 501 215 +5.4% +11 Sim* Darby 504 318 +5.3%
        226 words
      • SES SHARE INFORMATION
        • Article
          MAIN BOARD
          3201 8 Qr'a Qr's 1989/90 T«l Last Vol Day Last Quote ON O* TU Nil M Cap High Low Coda Company Sala or- (*000) High Low Buyar Sattar Cvr P/E $mM I FEB 02 SECTION TWO INDUSTRIAL COMMERCIAL 200 150 a 1142 Alex Hldga 90# 186 182* 5<S t 1160
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        • Article
          CLOB INTERNATIONAL
          1560 9 Oft Qr*o 1989/90 Tal Last Vol Day LmI Quota Ohr Ohr YTd Nat M Cap High Low Coda Company Sala +or- fOOO) High Low Bwyar Saftar Cvr P/l FEB 02 HOMO KOMQ STOCKS 1000 960 1739 Chaung Kong 1000 750 715 1341 HongkongBank 736 -6 20 740 736
          1,560 words
        • Article
          SESDAQ
          244 9 179* 60* t 4000 Amtok Enfl 20# 136 2 3 136 136 136 146 6.0N 66 0.6 17.2 11M 190 70% 4006 Full OflMt 20t 115 3 2 115 115 113 116 10.0N 46 1.7 12.6 36.0 330 136 4001 QB Hldaa 10* 302 unch 9 302 302 296
          244 words
        • Article
          NASDAQ
          264 9 8000 ASK Computer 1975 1900 8001 Adolph Coora 1075 1800 2400 4837% 3475 8003 Appla Computer 3812% 3380 3425 8006 Charming S 8007 Cipltar Data 8010 Daisy Syatama 900* 8011 Draadnar Bank ***** 5000 9000 8012 Ertcaaon Tat 5000 ***** ***** 3860 2325 8013 Intal Corpn 3775 3000 3975
          264 words
    • KLSE
      • Article, Illustration
        From strength to strength
        3071 9 SHARE PRICES moved from strength to strength In the Kuala Lumpur stock markat yeeterdey in hectic trading which swelled business volume to over 150 million unite. The energetic pace was perceptible right from the opening bell when email playera and inatitutiona alike emerged after a long
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      • Article
        UNIT TRUSTS
        169 9 Monog.ri Royol Tru* Ass*t Mgt UO* Monogemwl 1 909 F,b 3 5 »T S-per* Gc fund 1065 HIS IU IJI I!* 1 T ■T Auo-Poc Gf fund I I) 119 U«toond+- 1015 IjO* "wonorraM# Mac Fund Singapore Unit Trust MAiA-fcimipwtro Fundi (US$) Tit) Conwct 130 137 OCBC-Ajwt Myt
        169 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Bond determined to fight wind-up petition
        471 10 AFP ALAN BOND'S embettled Bond Corp Holdings Ltd is determined to fight a wind-up petition from its 58 per csnt-ownsd subsidiary, Ball Raaourcsa Ltd (BRL). Bond Corp said in a statement that the petition was lodged in the Western Australian Supreme Court earlier yeeterday
        AFP  -  471 words
      • Article
        Lock icon Qantas orders another Boeing
        131 10 Reuter AUSTRALIA state-owned Qantas Airways Lid has ordered one more Boeing 747-400 and four more 767-300 ER aircraft from the Boeing Co for a total As74o million, Qantaa chairman William Dix said. Mr Dix said in a statement the 747-400 will be powered by Rolls-Royce RB2II-524G
        Reuter  -  131 words
      • Article
        Lock icon UK pharmaceuticals giant appoints Japanese director
        201 10 AFP THE GLAXO drugs group has become one of the first major British-based companies to appoint a Japanese director. Hiroehi Konishi, the representees director president of Glsxo's main Japanese operation Nippon Glaxo, becomes e board member, and will continue to primarily take care of
        AFP  -  201 words
      • Article
        Lock icon Mitsubishi talks with European car makers
        223 10 AFP JAPAN'a Mitsubishi Motor Corp is holding talks with European car makers about poealble joint production in Europe, but refuaee to say if the discussions included Sweden's Volvo Car Corp. Swedish newspaper Svenska Dagbladet reported on Wednesday that Mitsubishi waa discussing with Volvo the
        AFP  -  223 words
      • Article, Illustration
        Shares end mixed in moderate trade
        1196 10 Hongkong HONGKONG share prices closed mixed mixed in moderate trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, slipped 1.60 points, closing st 2,736.56. Turnover smounted to HKS7B7 million (US$lOl million), up from Thursdsy's HKSSBS million (US$75 million). The broader-based
        1,196 words
      • Article, Illustration
        Lock icon Sharply higher finish
        531 10 Tokyo Reuter TOKYO sharee closed sharply higher yesterday, as investors seemed to be trying to sweep away nagging concerns about interest ratse. a limp yen and the upcoming general elections in Japan, indexlinked buying once again dominated trade, brokers said. "I'm a bit surprised, especially that there
        Reuter  -  531 words
      • Article, Illustration
        Lock icon Weaker but off lows
        498 10 Australia Reuter AUSTRALIA'S share market drifted to a weaker cloae yeeterday. pulled down by s sell-off among industrisls and mounting concern about the latest round of corporate financial problems, brokers said. The All Ordinaries Index finished 3.3 points down at 1.667.6, but position aquaring ahead of
        Reuter  -  498 words
      • Article
        Lock icon Taipei: Another record high
        187 10 Reuter TAIWAN share prlcas. buoyad by strong buying in tha Industrial ssctor, doaad to another rscord high ysstsrdsy. broksrs said. Ths wslghtsd Indsx roas 130.56 points or 1.1 par cant to and at a racord 12,217.78 oomparad with Thursday's racord ctoaa of 12,067.23. Turn* over roaa
        Reuter  -  187 words
      • Article
        Lock icon Bangkok: Stocks plunge
        208 10 Reuter INVESTORS dumped Thai •tocks acroee tho board yaotarday In a panic soiling sproo on rumours that tho Bangkok port strike could spread to other Mats enlerprtee unione on Monday, brokers seld. The official SET Index fell 13.15 points to doee at 832.20. Loaeee outnumbered gains 123
        Reuter  -  208 words
      • Article
        Lock icon Seoul: Mostly lower
        174 10 Reuter SEOUL stock pricee yee4A!I Am aa% 1 M wroiy mostly mi in min trading as inetltutional Irv veetors remained on the sidelines, brokers said. "Institutions seem to be running out of funds," one said. "Their absence was noticeable and prloee fell virtually acroes the board." The
        Reuter  -  174 words
      • Article
        Lock icon Jakarta: Trading slows down
        101 10 Reuter CEMENT PLANT PT Semen Cibinong again dominated Jakarta trading yeeterday on turnover of 140.800 aharaa. cloeing 150 rupiah higher at 11.400. the exchange aaid. Brokers said the market waa fairly slow in half-day trading, with total turnover down to 446.090 ehares from Thureday'a 1.23 million.
        Reuter  -  101 words
      • Article
        Lock icon Manila: Lower on coup tears
        119 10 Reuter PHILIPPINE shares yeaterday slid from start to ftnlah in a thin market growing more weary by the day from nervoua speculation that a military coup will take piece this month, analysts said. Manila's Composite Index shed 27.26 points to 1.016.02. Brokers said rumours have
        Reuter  -  119 words
      • Article
        Lock icon New Zealand: Higher
        166 10 Reuter INSTITUTIONAL buyer# pushed leading share prices higher lor the eecond consecutive day yeeterday, though brokers said a scarcity of scrip exaggerated the improvement "As long as the overseas markets consolidate. I think we'll be all right over the next few weeks," said Rue Bourke of Wellington
        Reuter  -  166 words
    • WORLD MARKETS
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1742 11 Reuter FRANKFURT: West German there prices, continuing their strong edvence. jumped more than two per cent to a new record high during the first half hour of bourse trading yeeterday. The OAX index of 30 leading Weet German shares surged by 40.86 points, or 2.2 pet, to
        Reuter  -  1,742 words
      • Article, Illustration
        Lock icon Compaq banking on high-end products
        433 11 Reuter COMPAQ Computer Corp, whoso fourth quarter earnings fell 14 per cent from the 1988 period, is stepping up production of new high-end products and bracing for more moderate industry growth in 1990, analysts said. Michael Swavely, president of Compaq's North American operations, said in
        Reuter  -  433 words
      • Article
        Lock icon Puma changes hands again
        93 11 NYT PUMA, the troubled West German sporting goods concern, is changing hands again less than a year after it was purchased by Cosa Liebermann Holding, a Swiss-run trading company which operates out of Hongkong. Aritmos. Sweden's leading sports equipment company, said it had bought 49 per
        NYT  -  93 words
      • Article
        Lock icon Talk of unions' bid for UAL boosts its stock price
        299 11 Reuter RUMOURS that UAL Corps unions have met commercial bankers and are planning a US$lBO a share bid for the company lifted UAL stock in late trading on Tuesday. But arbitragers say they are highly sceptical of the rumour, saying
        Reuter  -  299 words
      • Article, Illustration
        Lock icon Equities edge up in early trade
        904 11 London Reuter LONDON share price#, which opened mixed sfter an indecisive performance on Wall Street, edged up by late morning. By 1056 QMT the FTSE index was 0.4 point higher at 2346.2. On Thursday, FTSE 100 roee 8.5 to 2345.8 and FT 30 was
        Reuter  -  904 words
      • Article, Illustration
        Lock icon Indecisive mood trims Dow
        839 11 New York Reuter WALL STREET stocks started the new month indecisively, with blue chips closing mildly lower on Thursday but the broad market was ahead. Nervous snticipation of yesterday's January Jobs report kept trading subdued and tightly-ranged. On Wall Street, the Dow Jones industrial average slipped
        Reuter  -  839 words
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      111 4 Jr i. K/ i iipjp•+ ScaipeLscissors_sutures_ Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on Essential information accessible every business day your money. through Business Times. his tooisto The thinking businessman
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      9 4 MANAGERS MUST manage. BT shows you how every Monday
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      180 7 —~ii 1. }> f FLY THE RAINBOW Pj I t ;i SINGAPORE TOKYO J from February 3rd I i p i: t Introducing the beautiful way to fly. Japan Air System(JAS) is proud to announce the start of its direct Singapore-Tokyo service. Our promise: the warmest Japanese hospitality to delight
      180 words
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      12 11 Stockholm prlcea woro not available. IN THE MARKET Every Thursday... ADVERTISING MARKETING
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      121 11 ANNOUNCEMENT I I I 1 I AQUASEAL LTD OF THE UNITED KINGDOM I I is proud to announce the appointment of I I BP SINGAPORE PTE LIMITED I I No 1 Pasir Panjang Road I I Singapore 0511 I I Fax: *****70 I I Telex :RS ***** I I Tel:
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  • Article
    Lock icon Thai PM will not run in next general elections
    223 12 AFP THAI PRIME MINISTER Chatichai Choonhavan has said he would not run in the next general election. Mr Chatichai, in a meeting earlier this week with a group of Thai journalists, cited his age as the reason for bowing out, newspaper
    AFP  -  223 words
  • Article
    Lock icon E Europeans have a long way to pull out of crisis: study
    387 12 AFP EASTERN EUROPEAN countries have a long way to go to pull out of their unprecedented economic crisis, and face falling standards of living and the prospect of high unemployment. "The Eastern European countries cannot count on rapid
    AFP  -  387 words
  • Article
    Lock icon News Corp shares take a beating
    101 12 AFP MEDIA MAGNATE Rupert Murdoch's News Corp shares suffered heavily on the Australian share market this week, downgraded on repeated bad news, brokers said in Sydney yesterday. Brokers said that News Corp fell to s seven-month low of A 511.70 smid renewed market concern
    AFP  -  101 words
  • Article
    Lock icon Mandela to be freed, ANC ban lifted
    373 12 AFP, Reuter PRESIDENT FREDERIK de Klerk announced the imminent release of jailed Black nationalist leader Nelson Mandela and the immediate lifting of a 30-year ban on the African National Congress in Cape Town yesterday. Opening Parliament with a volley of concessions. Mr De
    AFP,; Reuter  -  373 words
  • Article, Illustration
    PM Lee sees no shift in investments to E Europe
    612 12  -  By YONG POW ANG PRIME MINISTER Lm Kuan Yew s«y« changes in Eastern Europe will not result In s shift of investments swsy from Asia. He says Eastern Europe will take quite some time to trsnsform a command economy into
    612 words
  • Article
    Lock icon Thai stocks plunge on rumours of port workers' strike spreading
    398 12 Reuter RUMOURS that public-utility unions will join Bsngkok port workers' four-day-old strike triggered a frenzy of selling on the Thai bourse yeeterday. The composite SET Index nosedived an estimated 13.25 points to close at 832.10 in a free fall dominated
    Reuter  -  398 words
  • Article
    Lock icon SEC chief wants more clout against financial lawbreakers
    246 12 AP US SECURITIES and Exchange Commission chairmsn Richard Broaden wants to pack mora punch whan his agency goes after financial fraud and securities law violators. Mr Braeden told a Senate panel on Thursday that policing Wall Street would be eaaier if the
    AP  -  246 words
  • Article
    Lock icon Nissho Iwai may change Bangkok
    131 12 Reuter THE THAI GOVERNMENT has aaked Japanese trading houae Nissho Iwai Corp to participate in a 300 billion yen project to remodel its capital. "We have received requests from the Thai government. But we cannot deal with the entire project by ourselves," a Nissho Iwai
    Reuter  -  131 words
  • Article
    Lock icon CBOT to help China set up farm futures market
    211 12 AP THE CHICAGO BOARD of Trade signed a memorandum of understanding yesterday on helping China prepare for setting up the socialist world's first agricultural futures market. Under the memorandum signed with the Research Institute of Commerce, an organ of the Commerce
    AP  -  211 words
  • Article
    Lock icon Japanese investment a one-way-street, say Western officials
    543 12 Reuter TOP US and European Community officiala yeeterday criticised Japan for inveating heavily in other countries without offering reciprocal opportunitiea for foreign companiea. US Commerce Under-Secre-tary Michael Farren aaid foreign investment in Japan repreeented only 0.4 per cent of that country's gross national
    Reuter  -  543 words
  • Article
    Lock icon Comex gold
    130 12 Reuter COMEX gold futures wore slightly lower in slow morning heelings, with the merket apparently immune to South African President FW de Klerk's decision to lift s 30-year-old ban on the African National Congress and to the sweeping concessions to the voteless black majority. Spot gold was down
    Reuter  -  130 words
  • LATE FILE
    • Article
      Lock icon Murdani warns of disturbances
      33 12 Bernama INTERNAL political disturbances, iQnited by racialism, axtrama raligious sentimants, subversion and crima. ara expected to increase In Indonssis, according to Defanca and Security Minister L B Murdani. Bamama
      Bernama  -  33 words
    • Article
      Lock icon Warning by Yugoslav army
      48 12 Reuter THE YUGOSLAV army said yastarday that It was ready to usa fores to prsvent civil war by crushing sthnic Albanian riots that hava killed around 30 psopls in Kosovo prolines. Local madia said that Kosovo was on ths vergs of civil wsr. Rsutsr
      Reuter  -  48 words
    • Article
      Lock icon Bulgarian PM left out
      41 12 AFP PRIME Ministsr Gusorgui Atanasaov and aeverai other senior hardlinera failed to win election to the new ruling body of the Bulgarian Communist Party in a marathon overnight aeeeion after the communiat government resigned en maaae. AFP
      AFP  -  41 words
    • Article
      Lock icon Immediate unity turned down
      34 12 AFP THE EAST German Communist Party said that the reunification of Germany waa "not poeaible immediately" in a reaction yeaterday to the plan propoeed by Prime Minister Hans Modrow. AFP
      AFP  -  34 words
    • Article
      Lock icon New Tokyo-S'pore service
      34 12 AP JAPAN Air System begins a twice-weekly service between Singapore end Tokyo today. The service from Tokyo wilt be on Wednesdays and Saturdays and return flights on Thursdsys and Sundays. AP
      AP  -  34 words
    • Article
      Lock icon Hawke rules out a recession
      41 12 Reuter AUSTRALIAN Prime Minister Bob Hawke ruled out a recession this year and said that his government might consider easing monetary policy further. "No one Acquainted with the Australian economic scene expects a recession," he said.
      Reuter  -  41 words
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      71 12 f i 4b bmgaport WHY DOES Sony think Singapore's tops? What has Singapore Telecom lined up for the maritime community? Can we build superhighwsys in the next decade? What is Singapore's scope ss a cargo hub? Find out in BT's special supplement on Singaport '90, coming up on February 7.
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      48 12 See PAQE 3 f v~ h v/# JU f PHy 11 'iiyrwwyyjr I v fe*-i32 x A sjfSk. SONY PRECISION ENGINEERING CENTER j&afy celebrates its 3rd anniversary in Singapore today. s ;^^H n *a_A/ 4 sony: SONY PRECISION ENGINEERING CENTER, 52 TUAS AVENUE 9, SINGAPORE 2263. TEL: *****58
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  • Executive Lifestyle
    • Article, Illustration
      STRAWS in the Wind
      208 13 YOU OFTEN see and hear wsrnings to women sbout not taking the same lift with strange men. But what do men feel that? One chap showed exactly how he felt when s middle-aged lady quickly ran out of an HOB lift when he walked in. He
      208 words
    • Article, Illustration
      Lock icon My bonnie land
      406 13  -  A 17-year-old from Scotland writes in about what catches the eye and nudges the soul In the Highlands. Knowing that a picture is worth a thousand words, PAUL MacDONALD keeps his piece short and his fingers firmly on his camera PAUL MacDONALD T HE RUGGED HILLS and
      Pictures by Paul MacDonald  -  406 words
    • Article, Illustration
      The golf course paved with gold
      1323 13  -  There are 40 million golfers in the world today. They spend a fortune on equipment and golfing clothes. No wonder Alfred Dunhill, purveyors of luxury goods, targeted this audience and put up millions of dollars in a promotion that pulls into Singapore with the
      1,323 words
    • Commentary
      • Article, Illustration
        Britain's colonial responsibility
        1363 14  -  THE HONGKONG QUESTION NEVILLE STACK U The writer was editor of the Leicester Mercury, a big British daily paper. Until recently, he was an editorial consultant to The Straits Times. He is now a writer, consultant and political commentator in England. IT CAN BE far more difficult
        1,363 words
      • Article
        $5,000 increase in car registration fee a shock
        196 14  -  Letter to the Editor D W Distant Dear Sir, IT WAS A SHOCK to find that the interim registration fee for private cars is up by $5,000 when we have been told for some months now that it is the cost of
        196 words
      • Article, Illustration
        Viet economic reforms — an ogre in the making
        1101 14  - Viet economic reforms an ogre in the making DAVID CHEW M The writer i* with Buainm* Timet' Foreign Deck. MAJOR GLOBAL EVENTS liks the continuing political turmoil in Eastern Europe and last year's crackdown on pro-democracy movements in China have made Vietnam's reformist-minded leaders take stock of doi moI or
        1,101 words
    • Executive Lifestyle:Entertainments, the Arts & Pursuits
      • Article, Illustration
        The birth of a nation, the birth of a dream
        536 15  -  25th ANNIVERSARY CELEBRATIONS By SHOEB KAGDA HOMELAND wu intended to be a sweeping drama of the birthof a nation. The story of how a country, populated by immigrants. moulded itself into s single identity. The objective of the 28th Anniversary
        536 words
      • Article, Illustration
        Reality, meet Fantasy
        474 15  -  CINEMA By JAIME LYE SO YOU THINK your boyfriend doesn't care about you? Your gitlfrisnd doesn't understand you? Your mother doesn't understand why your girlfriend doesn't understand you? Wait. .Harry, meet Sally. Sally, meet Harry. Reality, meet Fantasy. Has Hollywood got a movie tor you for all
        474 words
      • Article, Illustration
        Hello, have we met before?
        573 15  -  By SAMUEL EE A CINEMATIC MORAL: when one decides to watch a movie with s truncated title, Cftancee Arm, one will find oneself watching what appears to be sn extremely long SI A commercial. Because Chances Are is s movie about a reincarnation of sorts
        573 words
      • Article, Illustration
        The key to the song ain't in the notes!
        820 15  -  MUSIC By A SURENDREN "WE'RE NOT RIGID or cold. Ws have a good time and treat our muaic with respect." Respect for his srt form is what trumpeterextraordinaire Wynton Maraalis snd his group hsve in sbundsnce. And those guys sure aren't
        820 words
      • Article, Illustration
        Warmth in the Highlands
        1035 15  -  TRAVEL A letter and some pictures from a young Scottish friend helped ASAD LATIF bring back memories of a trip to the Highlands ASAD LATIF THAT PIECE by Paul MacOonald and the picturee he has taken remind me how journeys sometimes turn out to be aa
        1,035 words
    • Executive Lifestyle:Entertainment & Pursuits
      • Article, Illustration
        Lock icon Progress can mask a sick society
        951 17  -  HEALTH By RICHARD SEAH THE FUTURE, as painted by The Straits Times editor Leelie Fong during a recent television forum, seems pretty bleak as far as work and recreation is concerned. A self-confessed pessimist. Mr Fong said: "I am all for leisure and a
        Punch  -  951 words
      • Article, Illustration
        An automatic squeeze play that was missed
        450 17  -  BRIDGE By SYBIL HOLLOWAY TODAY'S deal which comes from a recant club duplicate game, demonstrates an automatic aqueeze play which was missed by several declarers. At the majority of tables, the north player ended up being declarer in 7 NT after opening the
        450 words
      • Article, Illustration
        BILLBOARD
        1081 17  -  Compiled by ROSNAH AMIR STAGE PERFORMANCES: China Arte Troupe. The National Theatre Truat presents the China Arts Troupe in conjunction with the Chinese Cultural Month '90. The group of 70 singers, dancers and musicians will present a colourful programme of song, dance and music. At the Kallang Theatre today
        1,081 words
    • Executive Lifestyle:Pursuits
      • Article, Illustration
        Deciphering those impossible German wine labels
        766 16  -  By N K YONG ONE of the greatest obstacles in the way of greater popularity of German wines is the difficulty in understanding their wine labels. There is a glimmer of hope noW as the move towards simpler and more easily understood labels haa
        766 words
      • Article, Illustration
        Be my sashimi
        2196 19  -  Pebbles, pebbles in the pond. Carps, carps in the puddle. The ship sails in... Sushi. Sashimi. Sushi. Sashimi. The art of eating... QUEK SWEE PENG swallows it all. Unregrettably. Unashamedly. QUEK SWEE PENG HAVE YOU EVER wondered whether the pea in the pod sitting prettily on the
        2,196 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Illness forces Coe out in sad end to 14-year career
        740 20 COMMONWEALTH GAMES AP SEBASTIAN COE. one of the moet successful athletes In track history, ended his glittering 14year carter in frustration and diaappolntment yesterday when he withdrew from the 1,500-me-tre heats at the Commonwealth Games due to illnaaa. Coe. the
        AP  -  740 words
      • Article
        Aston Martin drops racing plans after a year
        131 20 RACING ASTON MARTIN, the company whose sports car is favoured by James Bond, said on Thursday it was dropping its racing programme one year after resuming the sport. The British company said the uncertainty over the future of the 24 Hours of
        131 words
      • Article
        Lock icon New York Knicks win first place in Atlantic Division
        531 20 BASKETBALL AP PATRICK EWING scored 12 of his 31 points in the first six minutes of the fourth quarter as the New York Knicks regained first place in the Atlantic Division with a 96-69 victory over the Sacramento Kings on Thursday
        AP  -  531 words
      • Article
        Lock icon Senna hopeful about ending row with Fisa to race again
        395 20 AFP MCLAREN'S former world champion driver Ayrton Senna said in Sao Paulo on Thursday he was confident that his row with the International Auto Sport Federation (Fisa) would be quickly resolved so that he can race this season. "Without hope,
        AFP  -  395 words
      • Article
        Lock icon Whitbread race may bypass NZ
        169 20 YACHTING AP AUCKLAND is in danger of being dropped as a stop-over port for future Whitbread Round-The-World yacht races. Foreign Affairs and Trade Minister Mike Moore said yesterday. He said representatives of British brewery Whitbread, the major backer of the race, told him they were
        AP  -  169 words
      • Article
        Top golfers to vie for berth to Dunhiil Cup next week
        373 20  -  GOLF By CHARLES SAVAGE SOME OF the world's top golfers from 31 countries will vis for the honour of s berth to the Dunhiil Cup st the Singepors Island Country Club next week. The 72-hole world qualifying tournament begins
        373 words
      • Article
        Lock icon Bradley, Le Roux set fast pace
        204 20 AFP SOUTH AFRICAN Nicky Le Roux and Pat Bradley set a blistering pace with rounds of six-under-par 66 on the first day of the US$3OO,OOO LPGA tournament in Lake Worth. Florida on Thursday. A delighted Bradley, the Tour's all time leading money winner, said
        AFP  -  204 words
      • Article, Illustration
        Singapore players fail to stem Taiwanese tide at Davis Cup
        462 20  -  TENNIS -*ri Charles Savage SINGAPORE SQUANDERED Its chancea, giving Taiwan a twolove lead after the first dsy of Devis Cup piey yesterday at the Singapore Cricket Club. Lul Chung Halng beat Hashim Sidek 7-6. 7-6 (7-2). 6-2 and Lien Yu
        462 words
      • Article, Illustration
        Lock icon Kiwis on the Wright track
        357 20 CRICKET AFP NEW ZEALAND captain John Wright's unbeaten century against India at L ancestor Park yeatorday waa the moat poattlvo start New Zealand haa had to a hone series for niany ssosons. Wright 127 not out at stumps on the first day of the first
        AFP  -  357 words
      • Article
        Ivan Allan off to a galloping start in new year
        496 20  -  Oh TMCK With Jerome Fandor TRAINER Ivan Allan is top of the charts as the season turns to the Year of the Horse. His six winners thus far augurs well for the rest of the year, as the former champion
        496 words
    • Executive Jobs
      • Article
        When the hunters become the hunted
        1099 21  -  Was headhunting a fashionable fad of the '80s or is it a part of corporate culture that's here to stay? Keen players in the search industry provide SHOEB KAGDA with some insights. SHOEB KAGDA THEIR APPEARANCE is very corporate: conservative and well groomed. The
        1,099 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        490 21 JIM WILLIAMS has been appointed a director of Jones Lang Wootton Singapore with primary responsibility for office leasing and general agency. He was a director from JLW's Adelaide office in South Australia. Promoted to local directors are Yam Kah Heng and Heng Hue Thong. Mr Yam will
        490 words
      • Article, Illustration
        Interested in this job? But only if you are female and under 30
        356 21  -  By ANNA TEO LAND a $3.000-a-month job fresh from university? Yes, no work experience is needed. "Exchange your mortarboard for a place in our boardroom", the banner headline entices. Do well and you get a company car
        356 words
      • Article
        The difference is not merely $10,000
        341 21 WHY PAY an executive search firm a minimum of $10,000 to fill a position when one can simply advertise in the papers? The difference between executive search firms and recruitment companies goes deeper than the coet of filling a job. "Search is a system
        341 words
      • Article
        Employee share scheme a popular incentive: survey
        514 21  -  Br ANNA TEO THE PIONEER staff of Conner Peripherals Singapore received a special welcome-on-board present in 1967 when the San Jose disk drive maker set up operations here. Each employee executive and non-executive was given a stake in the young Californian company in
        514 words
    • Executive Lifestyle: Investment and Finance
      • Article
        S'pore depositors should shy away from A$ for a while
        861 22  -  PERSONAL FINANCE investors have been attracted to Australian dollar deposits for years because of the double-digit rate of return. Last week's 5 per cent fall in the value of the Aussie dollar against the Singapore dollar, however, proves one basic
        861 words
      • Article, Illustration
        Lock icon So you fancy making a fast buck behind the Iron Curtain?
        1180 22  -  EASTERN EUROPEAN MARKETS By TERRY DODSWORTH,SARA WEBB FT AS A PRIVATE INVESTOR, would you put your money in a country with no stock market, no basic accounting standards and no investor protection? And would you be willing to take
        FT  -  1,180 words
      • Article, Illustration
        Lock icon Property prices expected to increase 10pc to 20pc this year
        828 22  -  By WILLY SHEE Executive Director, Richard Ellis (Pie) Lid LAST YEAR'S private residential property prices, which escalated between 30 per cent and 50 per cent in prime locations, set a benchmark for the *****, surpassing the 1961 boom prices. The
        Source: Richard Ellis(Pte)Ltd  -  828 words
      • Don't quote me...
        • Article
          Listing for private school?
          253 23 JUST WHEN YOU THINK Thailand's freewheeling stockmarket has quietened down, it surprises you by pulling out another rabbit from its hat. St John's College, a leading private school, recently sprung a surprise by applying for a listing on the Stock Exchange of Thailand (SET). The application
          253 words
        • Article
          Hong Leong or Hong Leong?
          136 23 FOR those of you who might have heard about it, it is true Hong Leong haa been declared defunct, and it is official. Stated in the government gazette, even. But of course, it is not the Hong Leong that has been so much in the
          136 words
        • Article
          Sorry, not enough tourists
          168 23 GOOD news and bad news for those who depend on the Japanese tourist business. The bad news is that the number of Japanese who travelled aboard last year fell short of the much-touted 10 million mark. The good news is that the shortfall was not much
          168 words
      • Article
        Indonesian bourse seen as largest in region by 2000
        281 23 STOCK MARKETS GROWTH IN THE number of companies in the Indonesian stockmarket, and the increasing interest foreign broking houses have shown, has led one foreign fund manager to say that market will become the biggest in the region by the year
        281 words
      • Article
        Warrants: premiums and gearing
        559 23 Conversion terms Premium/ PriC.(«. .12.2.90) I opUoo.1" "E£* E,PirY COmP ny < Wrfj Share I Ln #tk I C.* C.«h' I Ln.lk' "^T^7 value Wt I CKTang 16.9 2.550 4.960 1.00 2.25 -3 195 315*) 4 Causeway Inv 72 0.560 1.250 0.700 1 00 1.00 1.00
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      • Article, Illustration
        Motor shares expected to see a bit of a shake-up before long Motor shares expected to see a bit of a shake-up before long
        747 23  -  mm By LORETTA McLAUGHLAN FORTUNATELY FOR Singapore's vehicle dealers, the stockmarket has been strong enough over the past few days to prevent any serious damage being
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        Yen expected to explode this year: Fuller
        448 23  -  f r '•—-•*s v J By ANDREA BORCH SOME extremely important currency changee will occur in 1900, with the story of the year being the yen s surge, predicts technical analyst David Fuller. "We will see a reemergence of the hard currency," said
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        Technical view of component stocks suggests more upside for STII
        235 23  -  P#^ By C Dow THE SINGAPORE stock market held very well laat month amidat the rumblea in the markets in Tokyo and New York. Even as the market corrected juat before the Lunar New Year break, participanta came back this
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      278 14 FOR SALE MYDU^INEA f 1 im %\:i J!lBPp^i|i^ffM^^B r 11 if iwm vnpi This magnificent private luxury motor yacht is now offered for sale. Built in Sydney New South Wales, and launched in April 1987, she projects impeccable design standards of the late great Ben Lexen (Australia II). She has
      278 words
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      Page 14 Advertisements Column 2
      37 14 BT walcomM lattari from rMdm. Your your signature, full nam*, addraaa, and homo numbara, H any. You may add a paaudonym, H yoi AddroM your lottors to: Tha Editor. Business Tlmos, 390, Kim Soivg Rood, Singapore M23.
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      Page 14 Advertisements Column 3
      180 14 JADE TREASURE PAR EXCELLENCE YOU STARTED BY COLLECTING CCHNS 4c STAMPS, followed with bronze figurine and then to paintings, not enough, you proceeded with porcelain, thereafter you pursued further with rare and fine porcelain and paintings. But you never know what you have missed in the finer things in life
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      170 16 11/(jerrtv entertain... UAmrtv entertain... Where teenterteAn...Where te I If you knew sushi. H Those who appreciate only the best in Japanese cuisine have found a home in Singapore. Inagiku. Reservations, *****10 or *****85 ext *****/6. IHJMHW Tut Wis TIN PIAZA ~HP WESTIN MOTHS L RISOKTS sunmy RIJSfF-TRYEL Discover our Indonesian
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      Page 16 Advertisements Column 2
      175 16 "U|p 'O-hAanq < Lp r iornotion "Something spicy, something nice" would greet your taste buds at Coffee Pot's Malay buffet promotion. Take your pick from a spread of authentic Malay cuisines like "Soup Kambing"; "Sambal Telor" and round off with traditional sweets like "Bubor Terigu" and others. Price: $16.90++ per
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      199 16 nuimeei steak A saatood raataurant TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COD DISHES A JAZZ BANO TO PUT YOU IN A MERRY MORNING MOOD EVEN A LEGO PIAYGROUNO NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR THE
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      169 16 K mj^s&^ss] Lg qj ■B tiyl ■Bnm ■■■■■f l-unch leisurely on a Ibast Theatre Restaurant Adult: $16.50 Child under 12: $10.00 Plaza Hotel SING»»Q«t w aim »coi mmmmmmmm Beach Road Singapore 0719 W *****11 r\ OltitMh JalikAMkWkA LA with glamorous fmsm, n*>i 3 o*l7 Lounge f iJf I'fj i 1/
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      Page 16 Advertisements Column 5
      214 16 1; *«3ißaEw I I m m I i Greece istheword! j| Mm 111 iiini Q AMtW4 "cT- 1O!M«+ II: «P T«T»T«4H i i Enjoy the great taste of home -cooked J ;T a porridge a delightful range of over m►; 20 dishes, from Braised Dou 80, I*; J Stewed Pork,
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      270 17 entertain.... I A\\ Prosperous Toss r Of Good Luck I h "Yu Sheng". I Now you can toss up all the good I luck you want at Cafe-in-the-Park with I the traditional Lunar New Year dish of "Yu Sheng" or Raw Filh. A delicious I-* combination of finely-shredded carrots, B
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      Page 17 Advertisements Column 2
      122 17 Whether you're planning a celebration i for 10 or 300. weH give you a feast from the sea, presented by our famed master chefs. Chuan Hal Swa and Chua Sui Kuang. mm* I J IMt R^riSSSn--9 Battary Road. #B1 -OO Straits Tra«#nQ Bt*«ne. Sinoapora 0104. Ta»: *****22 Opening hour*: 11
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      657 17 10 As expected, tried to make Zl^^— |M^j^|jP|^^--18 The boring men duck: |h I|H~~|HH|H[ HHf If HI American (7) 20 to Doctor —L^ —Lm~~MH||Mß MJM 25 Showed how the num- Z_BL_JBL~|^ 26 Med men dreeeed in —La —U~'i^Hr~ ar" while weering helmets _JM__ML__ML_ML—-B®———^l— by a gun!" 20 The elerm hes
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      505 18 THE DUNHILL CUP 1990 WORLD QUALIFYING TOURNAMENT THE EVENT THE PLAYERS The is about to on the Dunhill Cup Each country is represented by players that are all Played over the Course at St. Andrews, Scotland. champions in their own right. teams compete in this international team championship. 8 teams
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      105 21 DHL IN THE NEWS Advertisement iUa As the leading air express |VI66XinQ in© distribution company, DHL sets the pace in providing customised solutions OT to the distribution requirements of \#l lywO customers> D hl delivers documents *U A H QQAc and packages of all shapes, sizes and II I99vw weights
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      11 21 Catch up on the latest in technology In BT ovary Tuesday
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      177 21 r nri Nomura Research kistitute (S) Pte lid. SECURITIES ANALYST FOR EMERGING LOCAL MARKETS A Global Research Institute, whose client is an International Investment bank, seeks to recruit an analytical and research oriented individual to join the Institute. Reporting to the Managing Director of the Institute, the incumbent is responsible
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      31 21 ■n'jkiJCTiJWSgPBI wy rv. set d so*R> B€D... j .TMP»NK VOL) VCR/ &f?OK£N DOuJN voo'Re fN GREAT Me.uy TH€.V can'T sa^D *X p>NyoNe POUND TILL IYCMMO ITANOAMO CO. LTD, 1 Ml—lM <o*3*
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      73 21 [~n I— DOLLARS AND NONSENSE*| ilf 1I i• I I I ll I A jil''••• "'I I ?l I M i r'O' o-o f if f v Mmk A r Mmtmk v 4\ I :i| j j 11 A##— r" NIM: I II '< I "I've got an opening for
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      163 22 INVESTING IN SHARES? CALL jjjr -•..:s>*&'■ j -i vV> Kk C:v i ASK FOR hen opportunity knocks you'll want to be It's so easy and convenient to apply for CREDIT ready. Here's where Hong Leong Finance PLUS. Drop by any of our 28 conveniently located and Singapore Finance can help.
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      689 24 The week's movies Dayoofl Seaaadoag, Today, 3pm, SBC 5 A Malay period movie in black and white about aina of the father. A princess, cursed by the man her father wrongly executed. becomes extremely ugly. In order to remove the curse, she has to atay with commoners inatead. There she
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      3390 24 CATI IPHAY Bc: T: "2SSTG.T Oar-MM OM I UI\L/M I MTV programmea are sublet to chenge. 11.00 kiocM (C. r). 11 jo amciom. 0.20 PM Opening 10 30 Saturday Night Movie Mlngflu Henry VIII and 7JO AM NeMonal AnOtam "B0l*«H|0«Br Rbtef, Today, Programme Return t0 Macon Si Wives. Starring followed
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