The Business Times, 10 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 10-11 1990 75 CENTS
    12 words
  • Article
    Lock icon US wholesale inflation soars
    143 1 AP a MID-WINTER cold snap sent JJS wholesale inflation soaring *4.8 per cent in January, the steepest one-month rise in more than 15 years, the government said yesterday. The spurt in the Labour De- partment's Producer Price Index was nearly triple the already brisk 0.6 per
    AP  -  143 words
  • Article, Illustration
    Big changes in the offing for hawker centres
    554 1  -  By GENEVIEVE CUA HAWKER CENTRES, which have 1 become a hallmark of Singaporean living, are poised for major changes. Sources say hawker centres boasting high customer traffic may be the first targets in the Ministry of the Environment's ,(ENV) plan to privatise
    554 words
  • Article
    Suntory to make $825m bid for Cerebos Pacific
    591 1  -  Two major developments in the food industry By ROSIE TAN SUNTORY of Japan is negotiating to buy a 70 per cent stake in locally-listed food group Cerebos Pacific Ltd at $8.25 a share, which is expected to lead to a general takeover
    591 words
  • Article
    DOW JONES
    57 1 A SMALLER-than-expected rise in producer prices with energy and food costs excluded helped the US stock market gain early in the seeaion, with blue chips extending a small early rise. The Dow was ahead 13 at 2657. and gainers led declining issues by almost two-to-one. Traders mostly ignored
    57 words
  • Article
    Lock icon Footsie
    56 1 AP LONDON SHARES retreated sharply in morning trading yesterday. hit by weakness on the stock index futures market and further falls on bond markets. At 12:15 pm (1215 GMT), the Financial Times-Stock Exchange 100-share index waa down 21.3 points, or 0.9 per cent, at 2.309.7 points, compared with a
    AP  -  56 words
  • Article
    GFWA, F & N work out control of Cold Storage and Centrepoint
    662 1  - GFWA, F N work out control of Cold Storage and Centrepoint By ANDREA BORCH THE PARTNERSHIP of two food giants will end with Goodman Fielder Wattie (Asia) getting control of Cold Storage Holdings while Fraser and Neave builds up a commanding position in Centrepoint Properties Ltd. F N will end
    662 words
  • Article, Illustration
    Mainly quieter markets take cue from Tokyo
    241 1 THE MAIN regional markets war* quiatar yeaterday, taking the laad from a weaker Tokyo bourse. Profit-taker* drove key indicea down. Caution ahead of a three-day weekend and the Feb 18 etectiona brought trade in Tefcye to a standstill and dragged ahare prices broadly
    241 words
  • Article
    FINANCIAL MARKETS SUMMARY
    169 1 Mock Indteos r rl ri n I I mooy ST tndutfrlab Index 1,581 J2 1 (-7.26)) 1T-MGA Index ***** (-2.85)) NST Indwlilul Index 3,095.22 3.68 HK Hang Seng Index 2,893.904-9.87 Tokyo NStkel Average 37,288.14 (-228.10) Sydney AS-Otflnorte* 1,6307 (-16.3) ItMndey New York (Dow Janet) 2.644J71 4.28) London
    169 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      187 1 iMHion I H»Wbrtd»Hn—t PtmmrafNc «y»"- n Romeo, Romeo, J where are you, ah? y loved me myself and my Valentine -P«9*Bww Controlling the car population, what price? Page Two ■Exaortlvt Jabs Hongkong: fast work, high salaries Page Nine Programmes for today and tomorrow Page Twelve Straws in the Wind 1;
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      Page 1 Advertisements Column 2
      152 1 liftovf TheVUbrtd'eßneet PHuftipapMn Full report, PAGE Regional mkts, PAGE 10 World mkts, PAGE 11 Choosing a timepiece See ourse^ves should be a relaxed and cohmoibsbuu as connoisseurs. And our F O R COLLECTORS The rare perfection of Patek Philippe at The Hour Glass. __j 11 l comfortable affair. Especially y
      152 words
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  • HOME NEWS
    • Article, Illustration
      Fuji Electric aims to triple local sales in three years
      394 2  -  Singapore operations upgraded in restructuring By JOHN TAN JAPANESE electrical company Fuji Electric has mapped out ambitious plans to more than triple its local sales to $200 million a year in three years. Playing a key role will be a
      394 words
    • Article
      Growth of motorcycles must be restrained: Ministry
      248 2 AS MOTORCYCLES are included fn the quota system, their growth, like the growth of other vehicles, must be restrained before the system is implemented, said the Ministry of Communications and Information (MCI). It added that a large increase In the vehicle population, including
      248 words
    • Article
      Global Strategy forum to be held on June 4
      357 2 INTERACTION and continuation are the two aims for this year's Global Strategy Conference. To be held for three days from June 4, the theme for this year's conference is Global Strategies: World Class Partnerships. Some 1.000 delegates, including senior corporate executives
      357 words
    • Article
      Alliance with Swissair and Delta enhances competition, says Chin Beng
      237 2 ANY SUGGESTION that Singapore Airlines' tripartita alliance with Swissair and Delta is anticompetitive is a case of sour grapes and should be dismisssed as nonsense. If anything, the arrangement enhances competition, pointed out Singspore Airlines deputy chairman, Mr Lim Chin
      237 words
    • Article
      Chamber to hold memorial service
      64 2 THE Singapore Chinese Chamber of Commerce and Industry (SCCCI) will hold the 23rd Annual Memorial Service in commemoration of civilian victims of the Japanese occupation on Thursday. SCCCI president Mr Tan Eng Joo will lay a wreath at the Cenotaph Memorial at Beach Road at
      64 words
    • Article
      SIA urges limited Gatt for air transport policies
      443 2 BRING air transport policies under a limited trade agreement instead ot trying to draw them under the umbrella of the General Agreement on Tariffs and Trade, Singapore Airlines' managing director urged yesterday. A limited Gatt for air transport policies, started by a
      443 words
    • Article
      George Cohen to locate warehouse, sales team here
      298 2  -  By SHOEB KAGDA GEORGE COHEN (Fsr Esst), which wss yesterdsy swsrded the sole distributorship for Czschoslovakian giant trading house Strojimport, will use Singapore as its storage and communication centre. The trading arm of UK company The 600 Group. George Cohen will locate
      298 words
    • Article
      Taiwan to make debut at Asian Aerospace
      182 2  -  by Harish Mehta TAIWAN MAKES its debut at the Asian Aerospace exhibition next week with a complement of five companies under the banner of the China External Trade Development Council, a move which the Taipei government aeea as eeaential in capturing a fraction
      182 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      104 2 Seven Seas Cruise Operations Singapore (Pte) Ltd for being the first Cruise Curator to have their Operational Base in Singapore. We warmly welcome M.S. Song of Flower to Singapore. FUJI TRADING FRED'S FOTOART V.O. AIR ASITA DICK'S BEAUMONDE BOONTECK FASHION CENTRE SINGAPORE (PTE) LTD 488 A, Sims Ave (SINGAPORE) PTE
      104 words
    • Advertisement
      Page 2 Advertisements Column 2
      7 2 SIA shape for short-range aircraft, PAGE 8
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  • REGIONAL BUSINESS & POLITICS
    • Article
      Lock icon Malaysian states to get extra M$1b in allocations
      428 3 MBT THE MALAYSIAN federal government will provide additional allocations totalling M 51.005 billion .*>. to various state governments this year to strengthen their financial standing, improve infrastructure and assist them in implementing development projects. Deputy Prime Minister Ghafar •>« Baba said the
      MBT  -  428 words
    • Article
      Call for clear-cut policy on Thai infrastructure
      194 3 THE Thai government should have a clear-cut policy to tackle infrastructure! problems which could hamper investment prospects in the country in the next five years, the Bangkok Post re- ported on Wednesday. Bangkok Bank president Chatri Sophonpanich was quoted as saying that the
      194 words
    • Article
      Lock icon Sharp drop in industrial output in China
      190 3 AP ..CHINA'S industrial output fell a '.sharp 6.1 per cent in January from iv a year before. It was only the 'second such decline in the past Mndecade of economic reforms. The State Statistical Bureau, in ra report carried yesterday by the official
      AP  -  190 words
    • Article
      Lock icon Surge in inflation threatens Hun Sen govt
      374 3 Reuter A SUDDEN SURGE in prices is threatening the credibility of Prime Minister Hun Sen's Cambodian government, officials and diplomats in Phnom Penh say. They said ministers met on Wednesday and Thursday but came to no immediate decision about how to respond to
      Reuter  -  374 words
    • Article, Illustration
      Lock icon Angry Indian farmers keen on farmland, not Fantasyland
      557 3 AFP THOUSANDS of angry Indian farmers have launched a campaign to force the authorities to abandon plans to set up a Disneyland amusement park that threatens to uproot them from their age-old occupation. For the past two weeks, the sleepy village of
      AFP  -  557 words
    • Article
      Lock icon Japanese mission hints at cut in special aid for Jakarta
      206 3 Bernama A VISITING Japanese government mission hinted at a cut in its government s special economic assistance to Indonesia this year due to the country's improving economic situation, The Jakarta Post reported on Thursday. Atsushi Hatakenaka. deputy leader of the
      Bernama  -  206 words
    • Article
      Suharto asks for detailed reports on state firms
      423 3 INDONESIAN President Suharto has ordered ministers to make thorough reports on the management, public services and operational results of state-owned companies that they oversaw, The Jakarta Post reported on Thursday. "Ministers have been told to make special and detailed reports on the
      423 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      22 3 tiyygflßHlHAUh :><| s^ :h^_^cL Secret pleasures of luxury revealed unique creations jßa i j jl a luxury from Place Grove COOP international PTE
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  • Page 3 Miscellaneous
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  • WORLD BUSINESS & POLITICS
    • Article
      Lock icon W Germans fear monetary union
      446 4 Feeling that bad East German money will drag Deutschemark down AP RATHER THAN calming fears of economic collapse in East Germany, Chancellor Helmut Kohl's call for a common currency has triggered uncertainties about West Germany's own financial future. Economists and investors have reacted unfavourably to
      AP  -  446 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1174 4 ARRIVALS DEPARTURES Operator Service Local From number Mme MAS AAH7240 0025 KCH AAAS AAH623 0035 KUl JAL J1711 0040 TYO AM HK AHK541 0100 HKG AIR HK AHK531 0110 HKG SIA SQ011 0115 lAX/NRT MAS MH601 0120 KUl UAL UA97 0130 lAX/NRT CAl 0333 0315 TPC AAAS
      1,174 words
    • Article
      Lock icon Free-trade zone proposed for disputed Kurile isles
      353 4 AFP THE Soviet Union and Japan should shelve their claims on the southern Kurile islands and turn the area into a scientific research centre and a freetrade zone run by the United Nations, a leading Japanese businessman says. Seizo Ota, president of Toho
      AFP  -  353 words
    • Article
      Lock icon US consumer debt increased 6pc last year
      377 4 AP AMERICANS took out US$4.9l billion more In consumer credit than they retired in December, pushing total consumer debt up 6 per cent for the year. The US Federal Reserve said on Thursday that consumer credit in December advanced at a seasonally adjusted
      AP  -  377 words
    • Article
      Lock icon De Klerk's speech sparks investment surge in S Africa
      349 4 AFP AROUND one billion rands (US$3B9 million) in foreign capital has flowed into South Africa since President Frederik de Klerk's historic reform speech to parliament, according to Reserve Bank governor Chris Stals on Thursday. Mr Stals said the surge in capital
      AFP  -  349 words
  • Article
    SHIPS IN PORT
    1408 4 Jan 18-Sept 30 Diploma In Shipping Port Management: Conducted by Port of Slngaporo Authority at Training Department, Tanking Pagar Complex. Tal: *****25. Jan 13 International shipping and the employment opportunity, lecture, Nautical Institute London Branch, 1830 hours, The Naval Club. 38 Hill St, London Wl. Jan ft
    1,408 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      61 4 ~WTF A Th« busincn pwrioni choice every Tuoday, g 1 II g g\ g g V Thundjy, Saturday and Sunday. Loving Changi I hs* g% Airport at 21:55 houri and arriving at CVHarc I I lIV „/|V JV International Airport the following day. CmU your trtvti Mgrni or Air CsnsJa
      61 words
    • Advertisement
      Page 4 Advertisements Column 2
      80 4 Contact telephone numbers (Tan)ong Pagar Terminal) Section 1 Section 2 Section 3 Berth telephone Berth telephone Berth telephone CI—*****20/*****92 C4 *****24 C8 *****63 CIN —*****20 C5 *****43/*****45 C9 *****84 CIS —*****92 C5N —*****43 CIO —*****70 C2 *****51/*****53 C5S *****45 C12 *****54/*****42 C2N *****53 C6 *****39/*****41 C12N —*****42 C2S —*****51 C6N
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      225 4 Global temperatures and weather forecaet OUTLOOK: Windy, «Wi City Max/ Note shower* o*ar Hnnl Mln irwi In Mm morning (•C) and Ma alia* no on. Kaport for 24 hours prior Abardaan 07/04 Showar* to 7 30pm on Fab 9 o» *a Am»t«rdom 11 /06 Windy olrporti Alhans 09/05 Cool Mm
      225 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Pentex-Schweizer share-offer details on Monday
      485 5  -  By WILLIAM CHIA PENTEX-SCHWEIZER Circuits Ltd has finalised its listing plans and is announcing details of its share offer on Monday. The third share offer of the year will come under the justannounced new SES guidelines which require, among various things, compulsory balloting of applications
      485 words
    • Article
      UIC raises stake in SingLand again
      171 5 PROPERTY and detergent manufacturing group United Industrial Corp (UIC) has further raised its stake in Singapore Land by 0.32 percentage point to 18.16 per cent. In an announcement yesterday. Singapore Land said UIC, through UIC Enterprise Pte Ltd, purchased a further 400.000 shares in
      171 words
    • Article
      Lock icon Three-year plan to make Menang Corp a winner
      475 5 MBT. PROPERTY-BASED group Menang Corporation is set to triple its capital base to MS3OO million from the existing Msloo million over the next three years. The group, whose activities were at one time centred in Seremban. also plans to go nationwide and
      MBT.  -  475 words
    • Article, Illustration
      Lock icon SIA shopping for short-range aircraft for regional routes
      553 5 Cargo fleet also slated for expansion Reuter SINGAPORE AIRLINES Ltd, which last month announced an US$B.6 billion order for 50 aircraft, is considering buying short-range planes to serve regional routes. SI A officials said. "We are considering a new type of aircraft
      Reuter  -  553 words
    • Article
      HK banks snub Citic's HK$8b financing deal
      575 5  -  By CATHERINE ONG Hongkong Correspondent MAJOR BANKS in Hongkong, still cautious about China lending. are snubbing an HK$B billion financing deal for China Internationsl Trust and Investment Corporation (Citic) to buy a 20 per cent stake in Hongkong Telecoms. Banking sources yesterday told
      575 words
    • Article
      COMPANY BRIEFS
      128 5 ROHAS Sdn Bhd said it has ceased to be a substantial shareholder in Rashld Hussein Bhd (RHB) following the disposal of its entire stake of 5.5 million RHB shares through private placement on Feb 5. In a separate letter, General Lumber (Holdings) Bhd chairman Wan Azmi Wan Hamzah,
      128 words
    • Article
      APPROVED ISSUES
      257 5 Company RIGHTS ISSUE Bousteadco One-for-three $1 15 per share Ex date: Jon 19 Books close: Feb 1 Acceptance Poyment: Mar 19 C 4 C Two-for five $2 10 per shore Three warrants for every 10 existing shares held at $048 per shore Ex-date: Feb 7 Books close: Feb
      257 words
    • Article
      PROPOSED ISSUES
      409 5 Company RIGHTS ISSUE A Enterprise Three-for-four M$2 30 par star* Apollo One-for-one )l &S per shore C 1 Holdings Issue ot 27m loon stocks M the ratio of |3 loon Stock for every five ordinary shores held F A C B One for one MjOAO per shore Fab«r
      409 words
    • MONEY AND EXCHANGES
      • Article
        Lock icon Canadian dollar likely to stay volatile despite central bank intervention
        426 6 Reuter SHORT-TERM Canadian interest rates climbed to their highest level in more than five years as the Canadian dollar came under pressure but economists remained bearish on the near-term fate of the beleaguered currency. The Bank of Canada, considered a
        Reuter  -  426 words
      • Article
        Lock icon Japanese financial exchange plans options on Euroyen futures
        263 6 AFP THE Tokyo International Financial Futures Exchange plans to introduce options on Euroyen futures in a bid to inject life into the fledgling Japanese market, exchange president Taroichi Yoshida said. Mr Yoshida told a news conference that the new instrument might be
        AFP  -  263 words
      • Article
        Forex markets
        1012 6 SINGAPORE: Unwinding of long mark/short yen positions dominated trading, causing the dollar to firm against the mark and ease against the yen, dealers said. Dealers were reluctant to take positions in the dollar or yen ahead of a meeting between Bank of Japan governor Mieno and US Federal
        1,012 words
      • Article
        Comex gold/silver futures
        169 6 Gold futures on Febuary 8, 1990 8 5 ouncas USS per troy <* mca Of Mm Low um• Hb ***** 419.20 414.20 418.70 > 040 Mar 420JO >0.50 423.10 ***** 421.20 423J0 >0.40 Jxn 4 28. JO 430 00 427.00 429.10 >030 *-9 43*00 433-50 432.50 434.20
        169 words
      • Article
        Asian dollar market
        287 6 ASIAN DOLLAR deposit rates closed stesdy to slightly below Thursday s closing levels, after a dsy of quiet trsding. Dealers aaid the market now awaits the relesse of US January producer price index data. The weekend and weak-fixed ratee ended unchanged at 6-1/4 6-1/8 per cent and
        287 words
      • Article
        IMM
        251 6 IMM CURRENCY futures closed choppy session mixed and just under the middle of daily ranges as the market consolidated ahead of US economic data. The dollar held support near 1.65 marks on Wedneeday, which heightened nervousness about near-term direction and prompted liquidation, especially in the mark, traders said. Unwinding
        251 words
      • Article
        Simex
        627 6 SIMEX Eurodollar futures closed slightly higher on shortcovering and weekend booksquaring ahead of the release of US January producer prices. March closed at 91.63 against Chicago's 91.62 and June at 91.54 against 91.51. Around 9,360 lots were traded. In Eurodolllar options only one call changed hands. Euroyen futures ended
        627 words
      • Article
        Money markets
        64 6 THE overnight rat* on the Singapore money market waa up 2-3/4 points at 3 per cent yeaterday. One-month rate fell 1/16 point to 6-5/16 while two and three month rates down 1/8 to 6-5/16. S$ Interbank rates at #w dot* y««tardayi ora mo n «i *«to 3 2
        64 words
      • Article
        Government securities market
        105 6 Treasury bills Period Issue Yesterday's dosing Day's ood« Maturity MO OWtt MK5M LOW 3 montfu B*****5N 1005.90 040 0J5 090 070 6 monta 1 r*or IY*****Z 18.1090 1.75 1-70 1.9i 1.52 Government notes end bonds Period Issue Maturity Coupon Yesterday's dosing Day** cod* rate t%) MO OFFER
        105 words
      • Article, Illustration
        World interest rates
        158 6 «mp*m of 11 Mfl|or tanks In S'por* Interbank market rataa (offer/bid) on Fab 9 US$ DM SWFC Y«n 7 tfayt S/l* 1/1* IS l/l* 14 t*/l* V»* l/l 1/4 4 J/t 4 1/1 I «•> S/l* 3/1* IS l/» IS S/l* S/l* »S/I —*1/1 3/4 S/8 1/4
        158 words
      • Article
        Options
        1146 6 CURRENCY FUTURES OPTIONS Friday, February 9 1990 KUTtCMEMARK (SMCX) MwMMM mrnmpm ja 53 54 JAPANESE YIN (MKX) tone* mmnwm M* IM SpS M* Lm Ml 73 CURRENCY FUTURES OPTIONS Friday, February 9, 1990 MfntN pouno nun; mm p* t 1439 U0 IN 0004 0L3* 194 1490 110 IM Mi
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    • BANKING AND FINANCE
    • COMMODITIES
      • Article
        Lock icon Crude Oil and Products
        150 7 Telerate PRICE differential between CSTIBO and CST3BO widened aa more CST3BO entered the market. Sell indications for CST3BO were at $01-2 mt cif/fob Sing while offers for CSTIBO were at 906-7 mt 20,000 mt CSTIBO waa sold at $07 mt fob Sing. A refiner bought Omani
        Telerate  -  150 words
      • Article
        RAS and MRELB
        336 7 R AS prices In S cnntrtQ, Foe In bate* NOON CLOSE •wyon SoMors Buyort S«*«n Int 1 RSS Prompt 158.50 159.50N 158.25 159.25 Int 1 RSS Mor 90 160.50 161.00 160.25 160.75 Int 1 RSS Apr 162.75 163.25 162.50 16X00 Int 2 RSS OP 153.50 155 JON
        336 words
      • Article
        Rubber
        250 7 SMGAPORE: Rubber pricee eased further in early afternoon trading following falls in the Japanese markets. But some overseas short-covering towards the cloee trimmed the losses, dealers said. Trading was quiet in moderate volume. March 1 RSS buyer was quoted at 160.25 cents a kg, down half a cent from
        250 words
      • Article
        London Markets
        196 7 London Commodity Exchange Buyer/Seller dosing prices on Feb 8 (£/tonrve unless specified). Previous dosing prices in parenthesis. Coffee Mor 574/575 (552/553) High/Low 574/560 Moy 593/504 (542/563) High/low 584/568 Soto* (2990) Cocoa Mar 612/614 (611/612) 613/603 May 621/622 (622/623) High/Low 626/613 SatM (4947) Sugar No 6 FOB (US$/tonne) Mar
        196 words
      • Article
        Precious Metals
        336 7 HONGKONG: The international gold price closed higher in Hongkong yesterday at U*****.00-U*****.40 an ounce, against an opening ot U*****.70US$4l9 20 and Thursday s finish of US$4lB.OO- TOKYO: Yen-denominated gold futures closed four to seven yen easier in quiet trade, dealers said. The market opened with losses on the
        336 words
      • Article
        Soybean
        91 7 SOYBEAN futures retraced some of the recent gains after improved country movement of beans resulted in steady commercial hedge selling, traders said. Flat prices finally have reached levels some farmers are willing to sell, which may act as a temporary ceiling. A report that rains arrived early enough to
        91 words
      • Article
        Palm Oil
        440 7 MALAYSIAN CRUOE PALM CNL FUTURES: cloeed lower In narrow range trading despite the release of favourable production figures by the Malaysian Oil Palm Growers' Council (MOPGC). It estimated Peninsular Malaysia's January crude pslm oil output at 383,100 tonnes, down 16 per cent from a month earlier but higher
        440 words
      • Article
        Produce Prices
        205 7 Chintsi Produce Exchange SfHtn* noon ciosinQ pfktt on Fobrwory 9 (S$/100 kg) Coconut oil Mk FOB 79.00 Otd drum FOB 93.00 N*w drum FOB 89.00 Copra Mixed (Ioom) 41.00 II iwiwr# Pepper A A, |n< L W* H Ww WTWlW FOB NIW 372.50 Sarawak wMlt FOB faq NLW
        205 words
      • Article
        KL Tin
        155 7 PRICES on ttw Kuala Lumpur Tin Mart at doeed unchangad at MBlO.OO a kg aa waaknsaa In London overnight waa countered by froah damand, daalara •aid. Turnover Jumped to Ihe month's Mgh oI <7 tonnoo from a dopreeoed level of 2S on Thuraday as minora, atHt light hoWors
        155 words
      • Article
        Wheat
        132 7 CBOT toft red winter wheet regained some lost ground in the end of the trading session, with new crop months gaining slightly on talk of dry weather in the Dakotas and other northern wheat-growing states. But while some dealers said they were concerned that the dry weather might hurt
        132 words
    • SES
      • Article, Illustration
        Share market weakens on profit-taking by investors
        824 8  -  By LIM MUI KHI THE SINGAPORE MARKET closed lower yesterday due to further proflt-takinQ by investors, mainly in blue chip shares. The market opened lower, taking the lead from Tokyo where the Nikkei Index fell 323.36 points at midday. At the end of
        824 words
      • Article
        MAIN BOARD
        262 8 r Rises Tong Mong 222 +11.0% +22 Hal Son Hop 20< 238 +6.2% +14 Coroboi SOi 590 +3.5% +20 O C B C Foreign 1240 +3.3% +40 Sim Urn 189 +3.3% +6 PMHMgs 268 +3.1% +8 NOl Win 1993 105 +2.9% +3 Eu Yan Song 348 2.4% 8
        262 words
      • Article
        CLOB INTERNATIONAL
        252 8 Rises AM MB 790 +12.99& +90 Oayapl Ind 238 +9.2% +20 Hoxza Cocpn 50* 145 9.0% 12 George Kent 50* 192 +8 5% +15 M M C 10* 226 +7.1% +15 MBf Finance 50* 140 +6.1% +8 General Corp 126 +5.9% +7 Samanda Hldgs 338 5.6% +18 High
        252 words
      • SES SHARE INFORMATION
        • Article
          MAIN BOARD
          2736 8 Qr's Qr's 1909/90 T*l Last Vol Day La* Quote Dhr Ohr rid Nal M Cap High Low Coda Company Sola +or- ('000) High Low Buyar SaNar Cw P/E $m« FEB 09 SECTION TWO INDUSTRIAL COMMERCIAL 200 150 1142 Alex Hldga 50* 166 8 J J 3 9V2 182*
          2,736 words
        • Article
          CLOB INTERNATIONAL
          1477 9 Or*# Qr*a T Last Vol Day LM 0>o«. DO 0* TU M* KCjp •-TU c£ Company (*000) High Low k»Wk. "> FEB 01 HONGKONG STOCKS 1000 980 1739 Chaung Kong 1000 ""I I 755 715 1341 HongkongBank 770 unch 52 786 786 786 770 1218 Hutchlnaon 1738 Hyaan
          1,477 words
        • Article
          SESDAQ
          232 9 179- W t 4000 Amt*fc Eng 20* 141 -1 48 143 140 1» 141 JON 89 9.9 17J 1J9J ISO 70* 4008 Fu|i0*at20* 113 unch 39 114 113 113 m 10.0N 4 8 1.8 12 4 3^3 330 138 4001 QB HWg» 10* 300 unch 416 *0 300 288
          232 words
        • Article
          NASDAQ
          267 9 1 my rnn l if,nm. l ,iM,, 9000 ASK Computer 1975 1900 6001 Adolph Coors 1975 1800 2400 4837% 3475 8003 Apple Computer 3812% 3275 3375 6006 Charming S 6007 Cipher Data 6010 Daisy Systems 900 6011 Dreedner Bank ***** 5000 5000 6012 Ertcaeoo Tel 5000 ***** ***** 3860
          267 words
    • KLSE
      • Article, Illustration
        Across-the-board retreat
        3032 9 THE Kuala Lumpur stock market closed broadly easier yesterday on profit-tak-ing and lack of followthrough support. Prices had taken off on a mixed noted but retreated after the first hour as operators surfaced to take profits ahead of the weekend. Brokers said it would be quite difficult anyway
        3,032 words
      • Article
        UNIT TRUSTS
        293 9 i ixnb ——a Doiwo lopon tffb 7 I Monogn' prk»i Royal Trutf A»«t Mgt UOB Monogemem moi Mm Kmd **>21 us$i7.f3 foe Fob 10 12 tT S-por* Gr Fund 1115 1175 Fmd«*n »*oc Fund 1,45 1305 MARA-ftumiputra Fund, (US$) Singapore Unh Trurt rvTU" Mat F** B>w, Caw PT
        293 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Australians fight shy of 'high-profile' stocks
        436 10 Westmex liquidation 'spooked' investors Reuter INVESTORS on the Australian stock market are shying away from heavily indebted companies run by high-profile entrepreneurs. Shares News Corporation, headed by Rupert Murdoch, dropped 60 Australian cents, or 5.3 per cent, to A 510.65 at one stage 'before
        Reuter  -  436 words
      • Article, Illustration
        Lock icon Bond Brewing loses receivership battle
        778 10 AFP EMBATTLED BUSINESSMAN Alan Bond yesterday lost his challenge to overturn the court appointment of a receiver to his brewing interests, but gained time for his threatened media operations. The Victorian Supreme Court ruled that its receivk ership order on Bond Corp Holdings Ltd subsidiary
        AFP  -  778 words
      • Article
        Lock icon Shanghai Centre loan restructured
        69 10 Reuter OWNERS of Shanghai Centre, one of Shanghai's largest foreign investments, have restructured their US$l45 million syndicated loan by postponing the first repayment, the arranger CCIC Finance Ltd said. Repayment of the 12year loan, originally due to begin in the second half of 1989, will now
        Reuter  -  69 words
      • Article, Illustration
        Easier close on profit-taking
        1186 10 Hongkong PROFIT-TAKING after the week's 180-point gain on the Hang Seng Index brought some easing in share prices yesterday. but the market s downside is limited, brokers said. The Hang Seng Index shed 9.87 points to 2,893 90 "I think, essentially, today was not unexpected," a
        1,186 words
      • Article, Illustration
        Lock icon Sharply weaker
        485 10 Australia Reuter AUSTRALIA'S share market retreated to a sharply weaker close yesterday as nervousness about debt levels of the Adsteam Group and earnings of media giant News Corp infiltrated most sectors. The All Ordinaries Index finished 16.3 points down at 1.630.7, but some late bargain-hunting lifted it from
        Reuter  -  485 words
      • Article, Illustration
        Lock icon Broadly lower
        590 10 Tokyo Reuter CAUTION In Tokyo ahead of a three-day weekend and the February 18 electiona brought trade to a near standstill yesterday and dragged share prices > broadly down. Some in- vestment trusts pumped j up the Nikkei in early afI ternoon trade but most i huddled at
        Reuter  -  590 words
      • Article
        Lock icon Taipei: Another record-High
        373 10 Reuter TAIWAN stocks jumped to snother record high yesterday the eleventh for the year as investors followed big market players to buy after three consecutive sessions of profit-taking, dealers said. The weighted index jumped 362.96 points, or 3.01 per cent to end at 12.417.47. Turnover rose to
        Reuter  -  373 words
      • Article
        Lock icon Seoul: Prices edge down
        251 10 Reuter SEOUL stocks closed down yesterday following spurt in early afternoon trading which waa linked to the formation of the new ruling party, brokers said. The composite index started out slow in the absence of fresh news and ended the day down 3.42 points at 879.10.
        Reuter  -  251 words
      • Article
        Lock icon New Zealand: Shares fall
        191 10 Reuter NEW ZEALAND shares yesterday ended lower on improved turnover but brokers said the market waa still quiet The Barclays Index estimate closed at ita lowest level so far thia year of 1,904.99, down 7.49 points from Thursday'a actual close of 1.912.46. The main market leaders
        Reuter  -  191 words
      • Article
        Bangkok:Index up 3 points
        33 10 The SET Index went up by 3.31 point* to close at 909.95 on e turnover of 25.972,255 shares worth 2,990.70 million baht. Reuter The Bangkok prices were not available
        33 words
      • Article
        Manila: Up on bargain-hunting
        190 10 PHILIPPINE stocks closed higher on bargain-hunting in most issues, helped by talk that a major company would soon declare a dividend. brokers said. Manila s Composite Index ended st 1.041.06, up 5.52 from Thursday. Combined trsde essed to 470.3 million shares worth 117 million pesos from
        190 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Dow ends with small gain
        709 11 New York Reuter A LATE ROUND of futures-related buying helped Well Street blue chlpe eke out a mild cloeing gain amid mixed reeults from the Treasury's 30-year bond auction. Initial ssseesments showed lower-then-expected Japanese participation, although overall demand appeared decent. "The auction wae okay but
        Reuter  -  709 words
      • Article, Illustration
        Lock icon Thursday's big rise wiped out
        887 11 London Reuter LONDON shares were at the day's lows in thin mid-session trading yesterday as the market continued to worry about Wall Street's reaction to US producer prices data at 1330 GMT. Dealers said investors were discouraged by New York's failure to hold early gains
        Reuter  -  887 words
      • Article, Illustration
        Lock icon US toymakers bank on sales abroad to boost profits
        629 11 Eastern Europe a prime target Reuter WITH TRADITIONAL toy sales sluggish in the US. some top toy makers, including Lewis Galoob Toys Inc and Mattel Inc. are banking on international sales to boost profits this year. "Our business is just going
        Reuter  -  629 words
      • Article
        Lock icon New UK owner moving Holiday Inn's global base to Atlanta
        284 11 AP THE WORLDWIDE base of Holiday Inns is moving to Atlanta, though the US operations of "the world's innkseper" will remain in Mamphis, Tennessee, a British brewer said on Thursday after completing a US$2.2 billion acquisition of tha motel chain.
        AP  -  284 words
      • Article
        Selected indices
        112 11 HONGKONG Honflkonfl Index Fridoy una TSunday 1.***** Wnk ago 1.795.74 Hang Seng Index fridoy 2.893 90 Thundoy 2.***** WMk ago 2.***** AH Industrials fridoy 2.5228 Thundoy 2.5512 WMk ogo ***** 7 NEW YORK Dow Jones T Sunday 2.***** Wodwidoy 2 >40 09 WMk ogo 2.***** TOKYO Nikkei Average
        112 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1399 11 Reuter FRANKFURT: West German shares ended sharply lower yesterday as investors, already Jittery over recent sharp declines in bond prices, took profits in a thin market. Bonds had been hard-hit by West Germany's proposal to set up a monetary union with East Germany. Markets feared such cooperation
        Reuter  -  1,399 words
      • Article
        Lock icon Ericsson expects better 1990 results
        309 11 Reuter TELEFONAKTIEBOLAGET LM Ericsson expects to show continued improvement in 1990 after doubling 1909 profits to 3.7 billion crowns before appropriations and taxss from 1.04 billion crowns in 1900. "A continued favourable level of profitability is expected in 1990, with a further slight improvement in
        Reuter  -  309 words
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      51 5 fine CARPETS PERSIAN PAKISTAN AFGHAN CHINESE KASHMIR RUMANIAN KILIMS 50% 65% OFF AMIR SONS^ N.V I 1' 'J 11 I iu k\ Plaza. (Jivhard Road. Singapore W2!> Ivi: L':'>;><*»*:•. •imi IL 1 SIN(. \I'()HK SOI.DKSI C'ARI'KT KSTABI.ISHMKXT ttl IKI i \YS: H lain 7|)lll •SI 'M >.\VS c. I (isl
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      Page 5 Advertisements Column 2
      122 5 HH^fl Our Chefs Recommendations: BM For the month of February, our creative chefs H^wfl have put together an 11-course Set dinner at $90. ISBWIffIB The offerings include Simmered Good Luck Soy Beans, Assorted Hors d'oeuvres, Dried Bean Curd Soup, Grilled Paper-wrapped Seafood and other seasonal delicacies. Thats not all. From
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      422 10 NOTICES Corrigendum Re: Liquor Licence notice in the Business Times on 31st January 1990 Tan Ghee Hwa 'The premises address 'should read as 400 Orchard "Road #02-43 Orchard Towers (0923) and not as published. 1! CORRIGENDUM ,-Re: Liquor Licence notice in the Business Times on 31st January 1990 Ong Lean
      422 words
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      Page 10 Advertisements Column 2
      286 10 THE COMPANIES ACT, CAP. 50 MALJUNG INDUSTRIES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meetina of MALUNG INDUSTRIES PTE LTD duly convened and held at 2 Balestier Road #03-655, Thomson Road Shopping Centre, Singapore 1232 on Friday the 2nd day of February 1990, the following special resolutions
      286 words
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      7 10 $4 A MONTHLY MAGAZINE OF BOSINESS TRENDS
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      15 11 M Stockholm prices were not available MANAGERS MUST MANAGE. BT shows you how every Monday
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      207 11 2nd Prize London HO GIM SUA! (1/C NO: *****738) Ist Prize New York YAP QUAY HO (1/C NO: *****54F) 3rd Prize Tokyo TAN BIN HAR (1/C NO *****04 A) sth Prize Hong Kong CHAN MAI KWEE (1/C NO: *****63G) 7th Prize Bangkok./ Pattaya TAN BIN HUM. RICHARD (1/C NO: *****341)
      207 words
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  • Article
    Promotion-arm Staple to be revamped in SMA shake-up
    414 12  -  By JAYARAM MENON TO SLASH COSTS and stem losses from poor investments, the Singapore Manufacturers' Association is going through a shake-up. Included in the exercise is a revamp of its controversial trade promotion arm, Staple. The shake-up should see the SMA running
    414 words
  • Article
    Lock icon M'sian growth expected to slow in first quarter
    448 12 Bernama THE MALAYSIAN economy is expected to grow at a slower pace in the first quarter of 1900 following indications of a downturn in export and production volumes, according to a securities firm yesterday. Exports grew at a slower rate of 22.5
    Bernama  -  448 words
  • Article
    Lock icon Umno Port Klang branch building to be auctioned
    181 12 Bernama THE PORT KLANG branch building of the United Malays National Organisation (Umno) and the land it is on will be suctioned off on March 28 to recover a M 54.59 million debt it owes to Bank Bumiputra Malaysia Bhd. Kuala Lumpur
    Bernama  -  181 words
  • Article
    Lock icon KL plantation workers get deal
    279 12 Reuter THE Malaysian Agricultural Producers Association (Mapa), a grouping of estate owners, has agreed to demands from 65,000 plantation workers for a monthly wage, Malaysian acting Labour Minister Lee Kim said yesterday. "Mapa has agreed to abide by the full implementation of Section 16 of
    Reuter  -  279 words
  • Article
    Lock icon KL not attending Aerospace '90
    173 12 AFP MALAYSIAN Defence Ministry sources in Kuala Lumpur said the government had called off the planned visit of a top-level military delegation to the Asian Aerospace '90 exhibition in Sin- gapore from Feb 14-16. Previous shows have been attended by the chief of Malaysia's defence
    AFP  -  173 words
  • Article
    Lock icon Bundesbank allays fears of German unification
    192 12 Reuter THE HEAD of West Germany's central bank told financial markets yesterday not to worry about the prospect of German unification. "The West German mark is very strong and the financial markets can have confidence that things will not get out of control," Karl
    Reuter  -  192 words
  • Article
    Lock icon Japan looks on the sunny side
    73 12 AP THE JAPANESE government is not greatly worried about reports that an increasing number of Americans have negative views of Japan. Commenting on a poll that appeared in the New York Times earlier this week, Foreign Ministry spokesman Taizo Watanabe said that Japan was
    AP  -  73 words
  • Article
    Lock icon Li Peng praises SEZ development and reaffirms open-door policy
    400 12 AFP CHINESE PREMIER Li Peng has praised China's five Special Economic Zones (SEZs) as a leading productive force with economic growth topping the rest of the country, pro-Beijing newspapers reported in Hongkong yesterday. Mr Li reiterated in his speech on Thursday
    AFP  -  400 words
  • Article
    Lock icon Bonn overtakes Tokyo in trade surplus
    402 12 Reuter WEST GERMANY yesterday announced a record trade surplus lor 1989, putting Europe's dominant .economic power ahead of Japan for the first time since the *****. Official data showed that West Germany's exports surged last year as demand intensified for its quality engineering goods.
    Reuter  -  402 words
  • Article
    Lock icon Gorbachev, flush with success, promises more reforms
    445 12 AP Reuter SOVIET PRESIDENT Mikhail Gorbachev pledged yesterday to press on with more reforms once he had instituted the sweeping limits on Communist Party power he pushed through the leadership two days ago. Mr Gorbachev said that he had achieved everything he had
    AP; Reuter  -  445 words
  • Article
    Employers urged to tap big pool of women, older men
    647 12  -  By ANNA TEO THE LABOUR FORCE grew by about 2 per cent during the year up to June 1960 to croea the 1.3 million mark. Total employment roae by 38,800, or 3.1 per cent, to 1.28 million during the period
    647 words
  • LATE FILE
    • Article
      Lock icon Taipei-Jakarta investment accord
      28 12 AFP TAIWAN and Indonesia agreed yesterday to pave the way for bilateral accords on investment guarantees and double taxation relief for Taiwan businesses in Indonesia.
      AFP  -  28 words
    • Article
      Lock icon Indon cement plant to expand
      44 12 Reuter LEADING Indonesian cement producer PT Semen Cibinong said that it would soon sign contracts with South Korea's Hyundai Engineering Corp and Fuller Co of the US to build a US$l56 million extension at its plant in West Java.
      Reuter  -  44 words
    • Article
      Lock icon Tokyo considers third airport
      47 12 Reuter AN ADVISORY committee of Japan's Ministry of Transport will start discussing whether to build a third airport in the Tokyo metropolitan area. The committee is responsible for establishing a five-year plan on airport construction and expansion starting on April 1, 1901. Reuter
      Reuter  -  47 words
    • Article
      Lock icon Student activities regulated
      39 12 Reuter CHINA announced stiff new regulations yesterday to control student activities. Students will be required to take part in various prescribed activities and will need an excuse to abstain,, and unauthorised student publications are banned. Reuter
      Reuter  -  39 words
    • Article
      Lock icon Green light for GEC purchase
      25 12 AFP BRITAIN yesterday approved QEC's purchase of Ferranti Defence Systems Qroup and half of its Italian subsidiary Ferranti Italia. AFP
      AFP  -  25 words
    • Article
      Lock icon Baker meets Gorbachev
      29 12 AP SOVIET President Mikhail Gorbachev, meeting US Secretary of State James Baker, said yesterday that the lateet US troop-reduction proposal merits "very, very serious" consideration. AP
      AP  -  29 words
  • Article
    Comex gold and silver
    63 12 COMEX gold and silver futures were stuck at unchanged levels in quiel early trading alter the US dollar's flat reeponse to newe that US producer pricea in January roee 1.8 per cent. April gold delivery held at Thursday night's close of U*****.50 an ounce after cruising
    63 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Romeo, Romeo, where are you, ah?
      1322 13  -  If Romeo and Juliet were around today, would their love story be any different? Would Juliet have fallen for Romeo at first sight, or would she have held out for a graduate? Would Romeo have killed himself over her, or would he have just
      Graphics by Brn Cruz  -  1,322 words
    • Article, Illustration
      Sailing in the lap of Renaissance luxury
      1251 13  -  CRUISES By A SURENDREN WELCOME to champagne class. The ultimate in luxury cruising. Where the gangplank is varnished with gold. Almost. Renaissance Cruises likes to think it is the expert when it comes to pampering people. Now on its maiden cruise after being
      1,251 words
    • Commentary
      • Article, Illustration
        The price of keeping car population under control
        1402 14  -  YONG POW ANG U The writer /a a correspondent on the Political end Economics Desk THE CURRENT DEBATE on land i transport has focused largely on -car ownership. This is as it lahould be in a nascent middleOass society for which a
        1,402 words
      • Article, Illustration
        The third wave of Japanese investors
        741 14  -  LEE HAN SHIH I The writer it Busineee Timee' Property Correspondent BURIED in th« recant hullabaloo over the $800 million sale of the Standard Chartered Bank building to DBS Land was a small item about the other contenders for the building. Among thoee known
        741 words
      • Article
        Rises in vehicle registration fee fair
        508 14  -  Letters to the Edftor MRS MARIA CHOY Deer Sir, WE THANK MEMBERS of the publle.for their comments snd views expressed in your newspaper on the recent interim increase in registration fees for vehicles. As wtth other land transport messures, there are differing views. Some
        508 words
      • Article
        Call for hassle-free charges
        208 14  -  Vincent Tay Dear Sir, THE RECENT TALK of Telecom planning to charge tor local calls based on usage is indeed perturbing for a service and exportorientated economy like Singapore's. While I am not arguing against the need for higher charges because I do not have the
        208 words
      • Article
        How to gauge performance of investment trusts
        424 14  -  Loh Hoon Sun Dear Sir, WE REFER to the article "Three funds outperform market" (BT, Jen 30) based on a research paper on "The performance of the four investment trusts listed on the Singapore Stock Exchange" and published in the January issue of
        424 words
    • Executive Lifestyle:Entertainments, the Arts & Pursuits
      • Article, Illustration
        Where religion and pop culture do mix
        884 15  -  "RESTAURANTS By A SURENDREN MIND BOGGLING. The Hindu el ««phant-headed god Ganesh placed in a prominent position in an establishment so typically .American like the Hard Rock Cafe. Steve Routhier, director of and display for the famous hamburger joint cum <ock and roll
        884 words
      • Article, Illustration
        A glittering tale of immense wealth and high living
        793 15  -  •BOOKS ®y CHUANG PECK MING t* Mora Than I Drammed fl LHeOme of Collecting. By Malcolm Forbes. Simon and Schuster. 253 pages. $45.95. MALCOLM FORBES likes to flaunt his wealth, but the man famous for million-dollar parties, giant balloons and Harley-David-son
        793 words
    • Executive Lifestyle:Entertainment & Pursuits
      • Article, Illustration
        Sugar and less spice
        361 17  -  FOOD By SAMUEL EE ALAS, a discriminating palate has never been one of my virtues. The mere mention of Indian food has this Pavlovian ability of conjuring up visions of Race Course Road and ice-cold lime juice. So it was with great expectations of banana leaves
        361 words
      • Article, Illustration
        British player offers tip on trump holding
        631 17  -  BRIDGE By SYBIL HOLLOWAY THE Bols Royal Distilleries of the Netherlands are once again sponsoring the Annual Bols Bridge Tips Competition. The world's bridge experts are invited to send in their tips which are particularly helpful to the average player, and members of
        631 words
      • Article
        A raw start to boost your immune system
        987 17  -  HEALTH By RICHARD SEAH The writer is editor of The Good Life, a health magazine. The views expressed in this column are personal. OVER A YU SHENG lunch the other day. a friend teasingly remarked: "Hey! I thought you don't eat such
        987 words
      • Article, Illustration
        BILLBOARD
        947 17  -  Compllod by ROSNAH AMIR STAGE PERFORMANCES: Tho Chlnoso (Poking) Oporo Troupo. Sponsored by the Trade Mission of the Republic of China, the Chinese (Peking) Opera Troupe from Taipei, Taiwan, will perform at the Kallang Theatre till Feb 12. Tickets at $5, $10, $15, $20 $30 are available at the
        947 words
    • Executive Lifestyle:Entertainments, the Arts & Pursuits
      • Article, Illustration
        Budding artists display their talents
        540 18 EXHIBITIONS By CHARLES SAVAGE WILD FLOWERS is perhaps the most apt metaphor for the small exhibition of La Salle student works at Art Affairs starting today And just like wild flowers, the works range from immediately arresting to the mundane. Gallery manager Joyce van Fenema
        540 words
      • Article, Illustration
        All form and fury, but no function
        795 18 JOE SATRIANI: Flying In A Blim Ortam RolatWtty /CBS) Rock's newest electric guitar fiend, Joe Satriani, has all the right moves for those who favour a blistering dose of sonic screeches. Satriani knows guitar. He can trailblaze and trash the fretboard with remarkable
        795 words
      • Article, Illustration
        Lock icon To all the men I loved before!
        722 18  -  For every cynic, there are two incurable romantics. SUZANNE SOH is one of them, and not ashamed to admit it either, as she chews her heart-shaped chocolate and raises her champagne glass... SUZANNE SOH MAKING IT to the 30® Club the age of
        Pictures by The Mandarin  -  722 words
      • Article
        Where to get heartburn
        421 18 YOU SAY YOU WONT, but you know you still will. Fork out $6 for a single red roee, a couple of hundred for a set dinner with a free Polaroid thrown in, plus the obligatory heartburn in the carpark. If you're the kind whose love is
        421 words
    • Executive Lifestyle:Pursuits
      • Article, Illustration
        German wine labels: beyond the basics
        857 16  -  Offline By N K YONG GERMAN WINE LABELS are quite informative and logical once you understand the system, but being able to decipher them is only the first step towards understanding and appreciating German wines. How does one use the information? First I want
        857 words
      • Article, Illustration
        I, me, myself and my Valentine
        315 19  -  It's funny how people like to ask themselves "I wonder If this will suit him/her?" when choosing a gift. But a budding psychologist has discovered that most individuals are usually ruled by their own "Freudian" subconscious; they pick a present that mirrors their own
        315 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Mexico, Argentina tie for lead
        780 20  -  GOLF By CHARLES SAVAGE MEXICANS Rafael Alarcon (69,69) and Carlos Espinosa (74,69) charged 13th places to tie with Argentina for a two stroke lead after 18-holes of the Dunhill Cup World Qualifying Tournament yesterday. Argentinians Luis Carbonetti (67,73) and Jose Coceres (69,72) lost their first
        780 words
      • Article, Illustration
        Lock icon Lendl, McEnroe enter Milan quarterfinals
        406 20 TENNIS AP TOP-SEEDED Ivan Lendl and second-seeded John McEnroe each won matches on Thursday to advance to the quarterfinals of the Milan indoor tennis tournament. Lendl, of Czechoslovakia, defeated unseeded Soviet Alexandr Volkov 6-2, 2-6, 6-1 and will play Jim Courier in the quarterfinals. McEnroe
        AP  -  406 words
      • Article
        Lock icon Appeals court to decide who should get America's Cup
        292 20 YACHTING AP RACING A YACHT against a catamaran for the America's Cup was like "putting a New York City bus against s Ferrari," a judge said on Thursday at the final hearing on who should have the prized trophy. The New
        AP  -  292 words
      • Article
        Lock icon Azinger, Smith in Hawaiian first-round lead
        478 20 AP PAUL AZINGER mastered the par-5 holes in a windblown 68 and tied Mike Smith for the firstround lead on Thursday in the Hawaiian Open Golf Tournament. "They were beatable today," Azinger said of the long holes on the Waialae Country Club course, which
        AP  -  478 words
      • Article
        Lock icon Theus helps the Magic beat Philadelphia 76ers
        284 20 BASKETBALL AP REGGIE THEUS scored Orlando's last eight points, including an 18-footer turnaround jumper with one second left that sent the Magic past the Philadelphia 76ers 101-99 on Thursday night. Theus. a 12-year veteran, missed 10 of his first 12 shots, but sparked
        AP  -  284 words
      • Article, Illustration
        Wen-Lin takes over lead in JAL championship
        666 20  -  By A SURENDREN ACES are what golfers want all their lives, and South Korean II Mi Jung collected her third hole-in-one yesterday. But she is not collecting the Mercedes 200E for it. as her amateur statue prohibits it Instead, she had to make
        666 words
      • Article, Illustration
        Lock icon CRICKET John holds up England in Windwards' tour match
        374 20 AFP A FINE 83 from Lance John was the highlight of the first day of the Windwards" tour match against England as the home side took advantage of a good batting pitch to score 264 for the loss of five wickets.
        AFP  -  374 words
    • Executive Jobs
      • Article, Illustration
        How Pico picks persons to pack abroad
        1216 21 ANCHORAGE or Bogota anyone? If an overseas posting, or opportunities to travel, are valued job incentives, Pico Art International may be the young adventurous job-seeker's ideal employer. Fast-expanding, the exhibitions contractor is adding to its chain of 21 offices in 16 countries at
        1,216 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        378 21 POLYTEK Wearnes Holdings Limited has appointed Raymond Sze Yung as managing director. Mr Sze has been a director of the company since 1986. He is also an executive director of Polytek Engineering Co Ltd, Hongkong, the majority shareholder of Polytek Wearnes Holdings Ltd. Also apointed as a
        378 words
      • Article, Illustration
        Hongkong: where the work is fast and the salaries high
        1089 21  -  As professionals leave Hongkong in search of a more secure future elsewhere, manpower shortages resulting in high wages have been attracting expatriates to the colony. In the second of a four-part series on working overseas, DAVID MARCHINGTON of Korn/Ferry examines
        1,089 words
    • Executive Lifestyle: Investment and Finance
      • Article
        CPF life insurance scheme: a policy well worth taking up
        1028 22  -  PERSONAL FINANCE -"By ALVIN TAY IF YOU are one of those estimated 200,000 individuals who have opted out of the low-cost insurance scheme when it was launched by the Central Provident Fund (CPF) last May, you may want to reconsider
        1,028 words
      • Article, Illustration
        Lock icon Investors try to capitalise on E European restructuring
        564 22 FRANKFURT MARKET Reuter DISAPPOINTED by poor returns on Wall Street and Tokyo, foreign investors are pouring money into the Frankfurt bourse to try to capitalise on the economic restructuring of Eastern Europe, share analysts say. The Japanese have been scrambling to develop
        Reuter  -  564 words
      • Article
        Lock icon Forget the chart, what's the rumour?
        529 22 TOKYO STOCK MARKET Reuter AS JAPAN'S election approaches, some Tokyo stock traders are paying as much attention to the scandal sheets as they do to their charts and graphs. Any hint ot a new scandal involving the pro-business ruling Liberal Democratic Party (LOP) magnifies
        Reuter  -  529 words
      • Article, Illustration
        Lock icon Prices likely to rise on average: Shearson
        476 22 PLATINUM Reuter PLATINUM PRICES are forecast to be higher on average this year, still underpinned by investment demand and with a lower supply surplus than in 1989, broker Shearson Lehman Hutton said. Its annual review of the platinum industry said platinum will outperform
        Reuter  -  476 words
      • Don't quote me...
        • Article
          Congested roads? Where?
          41 23 ASKED TO COMMENT on Singapore's proposed car quota system, George Turnbtill, chairman and chief executive of Inchcape pic whose local company handles the Toyota franchise, said: "Singapore doesn't have congestion on the roads. You only think you have."
          41 words
        • Article
          Misery loves company
          183 23 IF THE OLD SAYING about misery loves company is true, then local analysts who are still smarting over their mistake in over-calculating the worth of the Standard Chartered Bank building can now take some solace in mistakes made by their counterparts elsewhere. In Sydney this week, a
          183 words
        • Article
          Analysts make mistakes too
          166 23 SPEAKING OF EMBARRASSMENT, London, with its battalions of analysts and reputation for in-depth research, is not immune to mistakes big mistakes, as it sometimes turns out. Take the Rover-British Aerospace issue for example. Rover was acquired by BAe in 1988, at a price then considered to
          166 words
      • Article, Illustration
        Intermediate bottom near for the ringgit
        344 23  -  trehdsi By C Dow WITH the exchange rate of the ringgit at an all-time low against the Singapore dollar and the "Visit Malaysia Year" attractions. it seems that there could not be a better time than this year for Singaporeans to make trip up-country.
        344 words
      • Article
        Warrants: premiums and gearing
        530 23 Conversion terms Premium/ Amount Prio «t 9.2.90) 1 op*™.!- E,pirY C mP ny (munit*) Wrt» Slur* Ln.tk Cuh Cwh- Ln.tk' Cring- mth value C K Tang 16.9 2.550 4.960 1.00 2.25 -3 195 JJ1 5 90 3 Causeway Inv 72 0.570 1270 0.705 1.00 1.00 1.00
        530 words
      • Article, Illustration
        Hazy sights make Magnum one for the brave
        692 23  -  mm wiMm By LORETTA McLAUGHLAN THE SHAKEUP up of the Multipurpose Holdings empire following the arrival last year of Kamunting Corporation as the major shareholder has revitalised share prices of companies within the group. But none has been highlighted so dramatically as
        692 words
      • Article, Illustration
        'Go for diversified options portfolio'
        421 23  -  OPTIONS By DEXTER LEE INVESTORS should put about 20 per cent of their liquid investible funds as risk capital for option trading, said Didier Lemaistre, a vice-president and financial consultant of US financial services group Shearson Lehman Hutton. In an interview with BT, he said
        421 words
      • Article
        Lock icon Bullish outlook for first half, but major pull-back expected
        469 23 MALAYSIAN STOCK MARKET Bernama THE MALAYSIAN stock market is likely to remain bullish for the first half of the year but with a major correction likely during the period. Malaysian securities firm PB Securities Sdn Bhd has predicted. The outlook for
        Bernama  -  469 words
      • Article
        DATA SERVICES Providing data on listed companies
        175 23 INVESTAMATIC. to which many local broking houses turn to lor electronic investment data service*. has launched another new product. The new service, called Fundamatic 11. has been designed to provide fundamental data on listed companies sought by the institutional investor and the professional
        175 words
      • Article, Illustration
        Upside potential attractive despite strong performance
        254 23  -  BiDk\QTf Jtf VI -By SIMON WOODS WHEN A MARKET has performed as strongly ss Singapore's over the last two months, with indices having risen by around 10 per cent, any setback or consolidation is seen by many investors ss an opportunity to take profits.
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      248 13 SPOTTED in a recent government gazette a com- pany called Ewan Pte Ltd has won a contract to supply the police with 76 high per--1 formance bicycles. Nothing unusual in that, except that the total cost of these bikes comes up to only $551. This works out to $7.25 per
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      352 13 222 5544 222 8844 Hong Leong Finance Singapore Finance HLf 0156 Sf OIS7 Today, one watch rf.tc.ns supreme. 111 I f IJJL A Ultra-thm Royal Oak for Ladies and Men m 18kL gold, lSkt. gold and steel or all steel and Royal Oak Prrpetual Calendar mechamcally programmed up U rml
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      122 14 ..X, 2*i'^Uw i>i v ScalpeLscissors...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. hro(l g h Business Times. In the same way
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      6 14 yoewteh. V AddieM year letters to:
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  • Page 16 Advertisements
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      829 16 f Wfot? to entertain... Where to entertain... Where to entertain... Where to Breathtaking; Buffets. iJrnJtmß A C|l- Add a little spice to your life! Come savour the flavour of Sri V lanka at our buffet dinner specially vSJQW/ prepared by Sri Lankan food Lewi 2 expert Felicia Sore risen. February
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      212 16 I c CELEBRATE LCVE AT THE MANDARIN SINGAPORE F I Thi s Valentine's Day, we vg-Jj&J have many ways to seal your love. Valentine Dinners, cocktails, revue shows, special entertainment, door gifts, love ballads, a fashion show, games, Lucky Draw and even a contest! So give your sweetheart the invitation.
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      173 17 A Prosperous Toss Of Good Luck a Yu Sheng". Now you can toss up all the good luck you want at Cafe-in-the-Park with the traditional Lunar New Year dish of "Yu Sheng" or Raw Fish. A delicious combination of finely-shredded carrots, radishes, ginger, other crisp vegetables and slivers of the
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      257 17 The art of doing business. Iburchettes Business Lunch. At Fourchettes Grillroom, one of Singapore's fine* business lunches awaits. The freshest oysreo, Goose Rilkttes and other appetizers. Main courses from the Grill, or Roast US Prime Rib from the Cancry. Accompanied by the most exquisite Deserts, Tie-as and Coffees. At just
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  • Page 18 Miscellaneous
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      464 18 CRYPTIC PUZZLE about The Scotsman 20 flan g H— 26 Getting to the 30 Tear ofl the strings on 38 thrown the coins out weather (3, 5) W 33 The lunny torch gets a Yellow sauce (71 30 Unselfish (8) Ela-Ted. 20. l-nep-t 21. MK3. 36 Is there not much
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      105 21 DHL IN THE NEWS Advertisement 4|*a As the leading air express IVieeiing lllw distribution company, DHL sets the -I m pace in providing customised solutions Chall6nG6S Of t0 the distribution requirements of customers. DHL delivers documents H QQAq and packages of all shapes, sizes and •I lw I wwww weights
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      177 21 r nri Nomura Research Institute (S) Pie LkL SECURmES ANALYST FOR EMERGING LOCAL MARKETS A Global R——rch InsWuH, whoee c—nt to an h*e«na»unal Immtmmi 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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      12 21 mammaamamm a BCpHi monthly! MAGAZINE of BOSINESS ■HMH TRENDS ■■$4 FEBRUARY 1900
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  • Page 21 Miscellaneous
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      53 21 irs p*-l Right rof? ,TS Ukce \JOU Vou HAV€N'T TO B£.PIGCONHOt€D.... Go f TO SIT l| I y pi D6SK RLL DPW U)tTH U X f v K€€.P»NG T«bs H\s|g Mu A OH souiwe u)Hoi£r,r*e... (VnV "S §i Dix i J 1 J j 7 (VWMQ STAMBAMO CO. LTD, IM>—l(M
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      179 22 CALL 0(31)13 SHELL TAKE CARE OF YOUR NEEDS. ,jg dm aJJ i) Ml New24Hour m f^l Loan and Information OI KfiK Service and Approval' lUr Call Hong Leong Finance: r o j rq| W *****44 iIJ iEJ I*J y Singapore Financo: fjryrl frfrl *****44 IZJ i2J i£J 1 iL Kit
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  • Page 24 Miscellaneous
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      654 24 Nujum Pa' Blalasg, Today, 3.15pm, SBC 5 A P Ramlee comedy about a layabout and his bright young son who chance upon two robbers dividing up their loot in the forest. The boy advises his father to impersonate an astrologer in order to return the valuables to their rightful owners.
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      3048 24 CATI IDr\ A V ■C: ChhMM; T: TmiH: M: rranMl t* WA I UKL/A I MTV programmes are sublet »o change. 1100 lM (C) COT I*) 7.50 Newswatch. Tayangan Malam 1150 AM Cloee JDV IX 8.00 Who's the Boaa? Minggu Nasty Hero MTV I {^■BBBBBfIHBBH "TTT 8.30 AN Hideway Starring
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