The Business Times, 24 February 1990

Microfilm: NL16948
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 24-25 1990 75 CENTS
    12 words
  • Article
    Lock icon Kaifu's Cabinet to meet over severe US demands
    248 1 AP JAPANESE Foreign Minister Tare Nakayama called for urgent Cabinet-level trade talks yesterday. saying that US demands during the current round of structural trade talks in Tokyo were stronger than Japan had expected. US officials, meanwhile, expressed frustration and disappointment with what
    AP  -  248 words
  • Article, Illustration
    Ship of state needs agility of a corvette in the '90s: Kan Seng
    331 1  -  By MARTIN SOONG SINGAPORE'S foreign policy in the uncertain decade of the 1990s will continue to be predicated upon a firm but flexible diplomacy, military deterrence backed by economic strength, and multilateral cooperation with regional and Commonwealth
    331 words
  • Article
    Govt-private sector team heading for US universities with 200 job offers
    319 1  -  By WALTON MORAIS THE concerted government effort to woo Singapore and Asian talent studying in America moves into higher gear with over 200 job offers expected to be made by a joint government end private sector recruitment mission. The
    319 words
  • Article
    ADB, Nikko launch fund to invest in Asian securities
    358 1  -  By QUAK HIANG WHAI IN AN ATTEMPT to promote convertible fixed-income securities in Asia, the Asian Development Bank (ADB) and Japanese brokerage house Nikko Securities have Jointly launched an openended fund to invest in Asis's convertible securities markets. The fund, known
    358 words
  • Article, Illustration
    Tokyo's week-long market plunge sparks worries of global fall
    494 1  -  By ALAN LEE, Companies Editor TOKYO'S Jittery stock market took another severe beating yesterday with the Nikkei index plunging close to 1,000 points to its lowest level since last October's "mini crash" in equity markets worldwide. The decline, marking the fifth
    494 words
  • Article
    Lock icon DOW JONES
    55 1 Reuter US BLUE CHIPS withstood brief •arty tailing praesure and turned higher in eerty trading yeeterd«y. Tha Dow wes up six at 2881 sfter (ailing to 2883. Tha laad of dadinara ovar geiners waa modarata. Tradara and enalysts aaid tha market's ability to ebeorb tha Tokyo dadlna aarliar
    Reuter  -  55 words
  • Article
    Lock icon Footsie
    212 1 AP LONOON SHARES wara sharply lower in narvous but light trading at mid-day yaatarday. under* minad by tha ratapaa in Tokyo. At about 12.90 pm (1230 GMT), tha FT-SE 100-ahara indax was 30.6 points, or 1.3 par cant, lower at 2,238.8. Tha indax waa slightly abova its morning low
    AP  -  212 words
  • Article
    FINANCIAL MARKETS SUMMARY
    143 1 MMy ST Mualrtab Mm 1,546.97 (-13J6) IT-MCAMw 711.32 (-7.91) NST MwaMal Mox 3£5419 (-2443) HKHnQSngMw 2,994.31 (-3341 Tokyo MkM Avorago (-***** (wk*w AH 1,5904 (-29j0) (Oow j«nM) 2^*****-979) London (FT 30 Mox) 17»9.a(+da) USsi 14dJOyon *****0 M *****35 L U*****75 MS, *****92 Gwro-S (Mor) 9140 DM (Mar)
    143 words
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      Page 1 Advertisements Column 1
      244 1 i I Nikon t I The flight of the century Page One CMMfllwy An open invitation to genocide Page Two I Avtattoa When Man first dared to fly Page Thrw Ml Scepticism: a hindrance to learning Page Five M Song and dance, soup and souffle Page Seven rmlUi Mi Making
      244 words
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      Page 1 Advertisements Column 2
      133 1 Nikon 4-w > BOJ poßdae oould lead la lailaiMfr, PAOK 7 Awatyato say odds ■pi-r Mar Mgha Ma year, PAQC TIN "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." A p OMEGA. The watch that records
      133 words
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  • HOME NEWS
    • Article
      Govt must be final arbiter of religious harmony, says Jaya
      608 2  -  YESTERDAY IN PARLIAMENT By YONG ROW ANG THE MAINTENANCE of Religious Harmony Bill is to ensure public order and political stability. It is the government, therefore, that must be the final arbiter, said Professor S Jayakumar in Parliament yesterday. Summing
      608 words
    • Article
      Civil Service needs new outlook for effective corporatisation: Mah
      384 2 A RADICAL reorientation ot values, assumptions, and practices in the Civil Service is imperative If corporatisation la to succeed, said Minister of State for Trade and Industry Mah Bow Tan yesterday. Opening a Civil Service seminar on corporatisation, Mr Mah, who
      384 words
    • Article, Illustration
      We introduce Bill more in sorrow than in joy: Goh
      305 2  -  By SHOEB KAGDA IF SINGAPOREANS can keep religious authority separate from political authority and observe the simple rule of live and let live, there will be peace and harmony in the country, said First Deputy Prime Minister Goh Chok Tong
      305 words
    • Article
      588 Hongkongers have taken up residence here
      120 2 A TOTAL OF 588 Hongkongers have taken up residence in Singapore since immigration rules were liberalised last July, said the Senior Minister of State for Home Affairs, Dr Lee Boon Yang, yesterday. Replying to questions from the Member for Cairnhill, Dr Wong Kwei
      120 words
    • Article, Illustration
      Lock icon NPB unveils two schemes to upgrade skills of workers
      518 2 THE SHORTAGE of skills poses the greatest challenge in the diffusion of new technology in companies, across industries and throughout the country, said National Productivity Board chairman Mah Bow Tan last night. In releasing the P2OOO report a study conducted last
      Source: National Computer Board  -  518 words
    • Article
      Doubling of TV tube output in S'pore already in the picture for Sony
      392 2 WITH ITS $350 million colour TV picture tub* factory in Singapore not due to begin operations until 1992, Sony Corporation is already looking to further expansion which will more than double its output by 1994, its deputy
      392 words
  • Article
    SHIPS IN PORT
    1328 2 AT CONVENTIONAL WHARVES Mlc wn Inwof I V/10 M2A 2X08/ 3300 Vmil Voy No Bwffi Arrival Dapartm mhm b» *****0 mia «ia«iHi aos/ 2300 Sypartad, m DMA >lu »4l 2MB/ 2330 ■Wtmuu tr*»M fOMN MM 24 02/1300 i»e as? W 2 C21 oicMgwt* 2402/ OtOO W00 S
    1,328 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      86 2 Contact telephone number* (Tanjong Pagar Terminal} Section 1 Section 2 Section 3 Berth telephone Berth telephone Berth telephone C1—321)820/*****92 C 4 —*****24 C 8 —*****63 CIN —*****20 C 5 *****43/*****45 C 9 —*****84 CIS —*****92 CSN *****43 CIO —*****70 C 2 *****51/*****53 CSS *****45 CI2 *****54/*****42 C2N—*****53 C 6 *****39/*****41
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      189 2 and weather* forecast City Mai/ Note OUTLOOK: Showers Mln ov«r several srsas In Mw alls*noon. ••port for 24 hours prior Abordesn 09/05 Windy to 7.30pm on 23 at Amsterdam 14/06 Cloudy alrporti Athem 15/10 Sunny Ms* temp 33.7 Auckland 26/16 Fair Assoc humWHy M Bangkok 34/26 Fair Mte temp.....;..... 28J
      189 words
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  • REGIONAL BUSINESS & POLITICS
    • Article
      Jakarta's credit policy may affect bank's efficiency
      413 3 THE INDONESIAN government's policy on credit, introduced on Jan 29, might affect the efficiency of commercial banks and distort their marketing, The Jakarta Post reported on Wednesday. The policy requiring ail commercial banks to allocate at least 20 per cent of their lendings
      413 words
    • Article
      More training facilities needed
      205 3 LACK OF training facilitiea is hampering efforts to produce an adequate number of skilled workers for the current development era. The Jaktrta Post reported Manpower Miniater Coemaa Batubara as saying. Of 6.1 million unskilled workers, only 600,000 had been trained by the ministry in 153 centres,
      205 words
    • Article
      Lock icon Pyongyang calls for North-South economic ties
      266 3 AFP PYONGYANG has called for economic exchanges between North end South Korea for the first time in many years. North Korea's ruling party organ, Rodong Shinmun. said in an editorial published on Wednesday that South Korea's "colonial economy" was facing a crisis because of
      AFP  -  266 words
    • Article
      Lock icon Canada to consider further concessions in Uruguay talks
      351 3 Bernama CANAOA is willing to consider any addition to its General Preference Tariff (OPT) product coverage or any reduction in OPT rates while the Multilateral Trade Negotiations (MTN) are undorwav. Once the results of the Uruguay Round of MTN are known, Canada
      Bernama  -  351 words
    • Article, Illustration
      Lock icon KL confident of attracting more foreign investors
      601 3 Well-placed to even compete with European countries AP. MBT HAILING the opening of Sony Corps third Mslsysisn plant on Thursdsy, Trsde snd Industry Minister Dstuk Rafidah Aziz said that Malaysis wss confident it would be sble to sttract more foreign investors, particularly the
      AP.; MBT  -  601 words
    • Article, Illustration
      Lock icon US envoy downplays cut in aid to Manila
      467 3 AFP WASHINGTON'S top diplomat in Manila played down on Thursday the cut in US assistance to the Philippines and of Congreaaional snd press criticism of its leader. Ambaeaador Nicholas Piatt, speaking on television, stressed that Washington still becked the government snd denied
      AFP  -  467 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      38 3 5 1 DAYS LEFT TO LEAVE YOUR MESSAGE IN THE YELLOW PAGES. I And fire up your business. fl 0» CLOSING DATE IST MARCH L« I CALL: 296 8080 NOW! I Intonated Information Pte Ltd 4 -it J
      38 words
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  • WORLD BUSINESS & POLITICS
    • Article
      Lock icon EC agrees to drop national restraints on US$480b-a-year state purchases
      419 4 AFP THE EC agreed on further steps on Thursday aimed at breaking open national restraints on public procurement, in a move affecting a market valued at more than US$4BO billion a year. But the agreement drew warning fire from the
      AFP  -  419 words
    • Article
      Lock icon European cartoonists not quick enough on the draw
      278 4 Reuter EUROPE'S cartoon industry, long dwarfed by Walt Disney, is now being overshadowed by computer technology perfected in the United States and Japan. That was the gloomy view at the end of a three-day conference of about 150 cartoonists from the European
      Reuter  -  278 words
    • Article
      Lock icon New laws expected to raise Western ventures in Prague
      169 4 AFP THERE WERE 45 joint ventures involving Western capital in Czechoslovakia as of mid-January, but the number is expected to rise significantly after the adoption of new business laws next month. The majority of the joint ventures are in the tourism
      AFP  -  169 words
    • Article
      Lock icon Soviet Union now largest tea importer
      212 4 AP ALTHOUGH the British remain indisputably the world's biggest tea drinkers, preliminary estimates released on Thursday show that Britain for the first time loet Its position as the biggest importer to the Soviet Union. Moscow's imports laat year roee 92.000 metric tons to a
      AP  -  212 words
    • Article
      Lock icon Irish-Russian airline planned
      68 4 AFP AER LINGUS and Aeroflot, the Irish and Soviet national carriers, are planning to form a Joint airline and boost cooperation in several areas. Aer Lingus said in Dublin on Thursday. The two companies signed s memorandum of intent in December on examining ways of establishing joint
      AFP  -  68 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1157 4 ARRIVALS Operator ii Local llnw From JM J1711 0040 TYO AM HK AHK541 0100 HKG MR HK AHK531 0110 HKG SU SQ011 0115 LAX/NRT MAS MH60I 0120 ku. UAL UA97 0130 LAX/NCT CM a 3 33 0315 TP€ MAS MH7241 0505 KCH SIA SO 401 0605 CMS
      1,157 words
    • Article
      Lock icon E Berlin to ease business laws
      137 4 Reuter THE EAST GERMAN cabinet approved draft laws on Thursday allowing anyone to set up a private business and permitting privatisation of over 10,000 enterprises nationalised in 1972. Botti bills will be submitted In March to the Voikskammer, or parliament, where they are expected
      Reuter  -  137 words
    • Article
      Lock icon US high-tech battle hinges on chip equipment makers
      616 4 Reuter THE United States could fumble its laat chance to compete in high-tech manufacturing if its companies that make equipment for the computer chip industry continue to falter. American businessmen and government officials say. While such firms havs been in decline in
      Reuter  -  616 words
    • Article
      Lock icon Racism not a dominant factor in poll on Japan
      338 4 AP AMERICAN attitudes towards Japan are more positive than towards othsr Asian countriea, according to a national survey announced on Thursday. Results of the poll, commissioned by a private Japaneae public relatione company, suggests that "racism isn't a dominant factor in
      AP  -  338 words
    • Article, Illustration
      Lock icon Fed chairman underscores E European opportunities
      143 4 Reuter US Federal Reserve Board Chairman Alan Greenspan said on Thursday the rapid changes in Eaatern Europe are making economic history and offer business investors the opportunities of a lifetime. The transition from state-run economies to a greater dependence on market forces in the
      Reuter  -  143 words
    • Article
      Lock icon Call for uniformity in US product liability laws
      231 4 AP BUSINESS EXECUTIVES and a Bush administration official said on Thursday that a national product liability law waa essential to US competitiveness in the work! market. "If we are serious about addressing our nation'a competitiveness, we must addreea the exceaaive burdens placed
      AP  -  231 words
    • Article
      Lock icon US magazine publishers moving into Soviet market
      451 4 NYT AN INCREASING number ot American magazine publishers and advertisers are zeroing in on a relatively untapped target market the Soviet Union. Earlier this week, 10,000 copies of ths first issue of The American-Soviet Med tea I Market Journal were distributed to doctors.
      NYT  -  451 words
    • Article
      Lock icon Senior communists warn of possible rally violence
      258 4 Reuter RALLIES pressing for faater Kremlin reforms will bring hundreds of thousanda into the streets of Soviet cities tomorrow, exposing deep splits between their liberal organisers and conservative leadera. The gatherings, a week before local and regional elections in the country's three moat
      Reuter  -  258 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      64 4 W A The bwsinew pttoon't choice every Toeiday, M I I If A f Thunday, Saturday and Sunday. I riving Chaagi I P"* I Ljk K I Airport M 21:55 hour* and arriving at OUart I I I M a M International Airport the following day. CmII yomr iW mgnti
      64 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      52 4 Doonesbury by garry trudeau 5.R, IT SOUNPS TOME UKE XXJ 4UHATTHE HELLAM I SUP- THAFS SILLY, OHYEAH* YOU'RE A TOTALLY MIGHT BE HAVING SEiF-Fsre&* POeEPTOBEUEVE MNOUJ* BP./ YOU'RE THEN (OHO COOL GUY IN A PROBLEMS OF YOUR OUJN. ANThCQMMUNTSM U#S> MY NOTHOBOPY! am J* REALLY BfTCHtN' THING! I EVEN FOUGHT
      52 words
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  • COMPANIES & MARKETS
    • Article
      Right time for a rights issue?
      482 5 m mm™ THIS TIME last year, UIS celebrated its improved year-end results with a one-for-five bonus issue. Early this week, the public-ly-listed investment trust asked shareholders to increase their investment in the company through a one-for-two rights issue with warrants which would double its
      482 words
    • Article, Illustration
      Lock icon UEM: on road to being a top conglomerate
      842 5 Reuter MALAYSIA'S fast-growing United Engineers Malaysia Bhd (UEM) is set to become one of Malaysia's leading conglomerates following a series of sudden acquisitions and joint ventures, stock analysts said. UEM, controlled by the ruling United Malays National Organisation (Umno) party, is using
      Reuter  -  842 words
    • Article
      Lock icon HL Assurance ties up with Sumitomo
      165 5 Bernama HONG LEONG Assurance Sdn Bhd (HLA) has tied up with a non-life Insurance arm of the Sumitomo group of Japan to cater to the insurance needs of Japanese Investors in Malaysia. HLA managing director Seow Lun Hoo said the company would be able
      Bernama  -  165 words
    • Article
      OUS posts 30pc improvement in group after-tax profits to $2.54m
      415 5  -  By ABDUL HADHI OVERSEAS UNION Securities Ltd has turned in the best performance so far among the cloeed-end investment trusts that have released results. Reflecting the bullish sentiment in stockmarkets, OUS posted a 30.5 per cent improvement in group after-tax
      415 words
    • Article
      Lock icon Yangtzekiang offering 8.5 million shares at M$1.80 each
      186 5 Bernama TEXTILE-BASED Yangtzekiang Bhd, which is seeking a listing on the main board of the Kuala Lumpur Stock Exchange, has proposed a public issue of 3.558 million new ordinary shares priced at Msl.oO each. Applications for the new shares will close at
      Bernama  -  186 words
    • Article
      UIC is now single largest Singland shareholder
      422 5  -  By CONRAD RAJ UNITEO INDUSTRIAL Corporation, the detergent manufacturer turned asset trader, is now the single largest shareholder of Singapore Land owner of such prime properties as Shell Tower in Raffles Place and The Gateway in Beach Road. It was announced yesterday that
      422 words
    • Article
      SPP, Polytek in separate property deals
      369 5 LISTED PAPER manufacturer SPP Ltd and Sesdaq-tisted Polytek Wearnes have an tared into aaparata agraamanta involving the acquisition and aala of propartiaa. SPP Ltd, a Tuan Sing Holdings subsidiary, announced yesterday that it had entered into sale and purchase agreementa with Huntamen Offset Printing
      369 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      740 5 I I OVERSEAS UNION SECURITIES LIMITED I (Incorporated in the Republic of Singapore) ANNOUNCEMENT f q; The Board of Directors of Overseas Union Securities Limited is pleased to announce: I AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1989 3 The Group The Company j3 Incr/ Incr/ rjj 1989 1988
      740 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Tokyo will continue to cooperate on currencies
      189 6 Reuter JAPANESE Finance Minister Ryu* taro Hashimoto said he is concerned about the yen's present weakness and that the US is also very concerned about it He also told reporters the present currency market is very speculative and that Japan will keep cooperating
      Reuter  -  189 words
    • Article
      Lock icon Bonn planning one-to-one exchange rate for E German marks: report
      216 6 Reuter THE West German government has tentatively decided to offer to exchange relatively worthless East German marks for West German marks at a rate of one-to-one, the Washington Post said in a report from Bonn. The newspaper, quoting unnamed government
      Reuter  -  216 words
    • Article
      Forex markets
      1410 6 SINGAPORE: The US dollar ended higher on good buying orders yesterday following persistent sharp drops in the Tokyo stock market, dealers said. Bank of Japan dollar selling intervention in Tokyo failed to stem the dollar's rise. A US newspaper report on Bonn's decision to exchange East German marks
      1,410 words
    • Article
      Comex gold/silver futures
      168 6 Gold future* on February 22, 1990 100 troy ouncw; USS par troy ounca Opm Mad LOT MM Nb 417.90 416 30 415.30 ***** -2.30 Mor 416.30 -240 Apr 421.30 422.40 ***** 419.00 -240 426.70 478.10 423.70 424-70 -2.60 Aug 432.20 432.20 430.00 430.10 -2.60 Oct 436.30 436.30
      168 words
    • Article
      Asian dollar market
      286 6 ASIAN dollar deposit rates ended unchanged yesterday from opening levels which were little different from Thursday's close. Trading was quiet. The market is now looking for direction from next week's release of US economic data, which include January durable goods orders, personal income and construction spending, as
      286 words
    • Article
      IMM
      260 6 IMM currency future* posted a weak finish on Thursday, with yen contracts dropping to session lows as a technical floor crumbled beneath the March contract Other contracts also suffered but were supported to some extent by croes trading against the beleaguered Japanese currency. Traders reported sizable selling of yen
      260 words
    • Article
      Simex
      603 6 Simex Eurodollar futures closed mixed on shortcovering yesterday and weekend book-squaring in active afternoon trade, dealers said. March closed at 91.61 against Chicago's settlement of 91.60 and June at 91.56 against 91.55. Around 26,495 lots were traded. In Eurodollar options 125 calls and 110 puts changed hands. Euroyen futures
      603 words
    • Article
      Money markets
      60 6 THE overnight rate on the Singapore money market rose by 1/4 yeeterday. Short-term rate for one month was unchanged while two and three-months ratea roee by 1/16. I n > m r 4-» 1~1 rX bj|4A| j| KWffDarm lillfl at tto do** y««r*fdoyj ora mo Qi I. 9
      60 words
    • Article
      Government securities market
      97 6 Treasury blllt P*rfod luo* Yotfordoy's doting Day'i cod* Maturity MO OWf» MOW LOW 3 month. *****07A 24.05.90 3.85 3J0 6 wmiltw 1 y*or IY*****Z 18.10.90 4.00 3.95 Government notes end bonds Poriod Inuo Maturity Coupon Yesterday's doting Day's codo rat* M0 OfVCR MOM LOW 2 years N*****0E
      97 words
    • Article, Illustration
      World interest rates
      160 6 •m prime iMdtat'raSM of 11 banks la S'por* Interbank market rata* (offer/bkJ) on Fab 23 US) l DM SWFC V«n 7 4mr> V»* U 14 7/1 7 IS/U —7 I3/U» —a 3/4 a/4 S/B I a 1/4 IS l/l* 14 IS/1* tl/4 *1/1 ia/i« n/i« 3 mm
      160 words
    • Article
      Options
      1214 6 CURRENCY FUTURES OPTIONS Fridoy, February 23 1990 DCUTSCHCMAUK (fgX) JmMc* Jm M pith 53 S3 94 JAPAMCM YEN (SMKX) MvHmIi MarMpdto *9 103 71 I 73 73 CURRENCY FUTURES OPTIONS IMM Thursday, February 22, 1990 MUTMH POUND ttMN; CMh per C Mm Mm Apr-c JMt-a H»f Apr# p 1*30
      1,214 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon Bank Negara's rescue plans will see a leaner finance industry
      618 7 Bernama BANK NEQARA's rescue plans for ailing financial inatitutions by allowing them to be taken over by stronger companies will eventually reault in a leaner and more resilient finance induatry in Malaysia. Industry sources said it waa Bank Negara'a intention
      Bernama  -  618 words
    • Article
      Lock icon BOJ policies could lead to instability: vice-minister
      326 7 NYT THE BANK OF JAPAN has been accused by a senior Japanese Ministry of Finance official of following policies which might lead to instability in the markets. The unusual public row erupted a day after the Nikkei stock market index suffered its biggest
      NYT  -  326 words
    • Article
      Lum Chang tapping capital market for $100m via NIF
      310 7  -  Part of proceeds will help refinance debts By DEXTER LEE PUBLICLY-LISTED Lum Chang Holdings Ltd is raising $100 million from me local capital market through a note issuance facility (NIF). Executive chairman Raymond Lum said at the signing ceremony yesterday that
      310 words
    • Article
      Lock icon Tokyo considering Globex
      151 7 Reuter JAPAN'S Finance Ministry is considering whether to si low instsl Istion of Qlobsx, s 24-houf. computerised trading system, at domestic banks and securities houses, a ministry official said. The ministry is holding talks with the Chicago Mercantile E£ change (CME) on how to snsuse investor protection
      Reuter  -  151 words
    • Article
      Lock icon No evidence of accelerating inflation rate: Greenspan
      432 7 AP FEDERAL Reserve Chairman Alan Greenapan has said that although he was surprised by certain aspects of January's sharp jump in consumer prices, he does not believe that inflationary pressures were on the increase. Mr Greenspan, presenting the US central bank's semi-annual report
      AP  -  432 words
  • COMMODITIES
    • Article
      London Markets
      205 7 London *****0 413) f ii«w»i nrllin Ton*i SolM (*****) Commodity m (U8S/tonn#) Co* 6240/6250 losing prices (6205/6215) on Feb 22 {£/tonne unless 3-momtw 6370/6375 specified). Previous closing (6335/6340) prices in parenthesis. Sottiiwnt 6230 (6225) UOfT Too*. Sat** (690) Mor 614/615 (613/614) L#ad HK*/U>w 624/612 Co* 510/515 626/627 (485/486)
      205 words
    • Article
      Lock icon Precious Metals
      321 7 Reuter HONGKONG: Gold yesterday closed lower on heavy selling by US traders "Phyaical demand at about U*****.60 slowed the downward movement of the metal prices." a dealer with a local trading house said. A US$4l3 to US$4l6 range ia expected later in New York. Bullion slipped to U*****.70/415.20
      Reuter  -  321 words
    • Article
      Lock icon Crude Oil and Products
      135 7 Telerate SCATTERED trade was seen in Singapore high sulphur fuel oil market. Players were divided as to the supply situation for March. Sell indications for CSTIBO were up at Ss93-94 mt fob. Independent sold a refiner 20,000 mt of second half March CSTIBO at Ss92 mt
      Telerate  -  135 words
    • Article
      Lock icon Wheat
      163 7 Reuter Chicago Board of Trade soft red winter wheat futures ended mostly higher on Thursday on technical factors and volume. Wheat tripped buy stops late in the session, with March closing almost at session highs. Floor sources said one buyer bought up to eight million bushels of wheat, propelling
      Reuter  -  163 words
    • Article
      Rubber
      317 7 SINGAPORE: Rubber prices closed mixed in quiet trading yesterdey with March t RSS buyer quoted at 158.50 cents a kg, down 0.50 cent from Thursday's close. Operators were reluctant to take up new positions in the absence of encouraging factors. On the TSR-20 Award market, prices held steady on
      317 words
    • Article
      RAS and MRELB
      348 7 RAS prices m s mhm« fob m bM NOON ClOSE Buyers SoUon Swywrt So«oo Int 1 RSS Prompt 156.50 157.50N 156J0 157J0 Int 1 RSS Mor 90 158-50 159.00 158J0 59.00 Int 1 RSS Apr 161 JO 162.00 ***** 62.25 bit 2 RSS Of 152.25 154.25N 152.25
      348 words
    • Article
      KL Tin
      114 7 Prtcee on Km Kuala Lumpur Tin Mart* (KLTM) recovered eeven cants I ■—relay la doaa al I%M rlnggN a kg In a lachnlcal comcuon vo nw two oiyv loooee, doopMo e larger dtepoaai al malal by minora, fie London Motnl Exchanoa (LME), which aMrartad European and locol buying.
      114 words
    • Article
      Produce Prices
      186 7 Chinaaa Produce Tha Fadaral Agricultural Exchange Markatlng Authority SoMorV noon doting prlcM on Fobwory 23 (SS/100 kg) Coconut oil (MS/100kg) f*n r nn. ifr nil N*W drUHW 122.00 COCOm 2nd hand drums 116.00 Ml FOB 73.00 Mi 107.00 Otd drwn FOB 83.00 Local In bufc 104.00 Now drum
      186 words
    • Article
      Palm Oil
      573 7 Malaysian crude palm oH prices rebounded from initial losses to cloee slightly higher yesterday on light covering interest, supported by a recovery on the pslm oil futures market, brokers said. Early sentiment was dampened by the statistics department s release of data showing January palm oil stocks of
      573 words
    • Article
      Lock icon Soybean
      66 7 Reuter Chicago Board of Trade soybean futures ended lower on Thursday as prices continued to drift down, reversing Wednesday's gains. Trading was light, as profit-taking and wet weather provided downward pressure. News that Spain would tender for 64.000 to 66,000 bushels failed to impress market participants. Soybeans ranged from
      Reuter  -  66 words
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  • SES
    • Article, Illustration
      Market remains resilient despite Tokyo's sharp fall
      838 8  -  tr LIM MUI KHI THE SINGAPORE MARKET heaved a sigh of relief when trading ended yesterday. The Straits Times Industrials Index lost only 13.56 points, or under one per cent, less than was widely feared. But the relief was temporary as brokers said
      838 words
    • Article
      MAIN BOARD
      233 8 Rises Swnb Shipyard 735 +2.8% +20 Fu|i OHw* 20* 110 +1.9% +2 S«mb Ship Wrt* 270 +1.9% +5 Coid Sforog* H 468 +1.7% +8 K«pp«4 Corpn 730 +1.4% +10 Apolto 310 +1.3% +4 IMC HKS0.50 175 +1.2% +2 S Steam Wrts 103 +1.0% +1 Van d«f Ht Wrti
      233 words
    • Article
      CLOB INTERNATIONAL
      239 8 Rises MAA 195 7.7% +14 Sungol Way 382 2.1% +8 Soufhom Bank 340 1 8% +6 MISC 630 0.8% +5 C I Holdings 340 0.6% 2 M Banking 930 0.5% +5 Falls A M F P 106 -8.6% -10 YHSMslo 228 5 8% -14 M Plantations 136 -5.6%
      239 words
  • SES SHARE
    • Article
      MAIN BOARD
      3112 8 seJ.TL iff? Vol Day LMt Qmoto M OH rM M M Cap High Low Codo Company W. or- (*000) High Low Unrhhr Cw Wl FEB 23 DEBENTURES, BONDS, LOANS 330 124 I 1543 CK Tang Wl 1990 240 -10 **********210 73* 68 1546 Causeway Loan 71 10 71
      3,112 words
    • Article
      CLOB INTERNATIONAL
      1783 9 Qr*s Qr*i 1909/90 Tal Last Vol Day La* Quote Mv Mv Yld IM M Cap Mgh Low Coda Company Sala -for- (*000) High Low Bwyor OaHar C*vr P/C $mM FEB 23 HONGKONQ STOCKS 1000 980 1730 Cheung Kong 1000 785 715 1341 Hongkong Bank 748 -10 41.2 750
      1,783 words
    • Article
      SESDAQ
      236 9 79" tor t 4000 AmM Eng 200 133 -4 96 137 132 132 133 «0N 6 6 0.9 16 8 113 0 50 70tt 4006 Fuji OftMt 20t 110 +2 82 110 107 100 110 10.0N 4.6 1.8 12.1 309 30 138 4001 QB HMgs 10* 200 2 290
      236 words
    • Article
      NASDAQ
      244 9 6000 ASK Computer 1875 1900 8001 Adolph Coors 1975 1800 2400 4837% 3475 6003 Appta Computer 3812% 8005 Charming S 8007 Cipher Data 8010 Oaiay Syetema 900 6011 Oraadnar Bank ***** 5000 5000 8012 Ericaeon Tel 5000 4000 2325 6013 Inlei Corpn 4000 3825 3825 6014 Intergraph Corp 1087*
      244 words
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  • KLSE
    • Article, Illustration
      KL shares lose ground
      3057 9 LAST HOUR buying on the Kuala Lumpur stock market yesterday lifted share prices off the day's lows but overall, the market remained in minus territory in quiet trading. Share prices opened lower in sluggish trading as operators reacted nervously to the early sharp falls in the
      3,057 words
    • Article
      UNIT TRUSTS
      288 9 Monogert' prtc*i Royal Trust Asset Mgt UOB Management tm hwlhttl US$17* for Feb 24 26 tT S'pora Gr fund I II 1.17 Unilund 30 135 B tKMM Fradd* Mac Fund r A*Ttoc O Fund 1295 13S5 U«ibond 10*5 CI j MARA-Bumiputra Funds (US$) J Singapore Unit Trust OCRC-Aiset
      288 words
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  • REGIONAL MARKETS
    • Article, Illustration
      Sharply down after initial recovery
      1205 10 Hongkong SHARE PRICES in Hongkong dosed sharply lower yesterday, but had staged a significant recovery from an earlier plunge in reaction to losses in Tokyo, brokers said. The Hang Seng Index loet 33.81 pointa on the day to ctoee at 2,804.31 after staging a significant
      1,205 words
    • Article
      Lock icon NEB sets Sep 1 target for full corporatisation
      659 10 Bernama THE MALAYSIAN National Electricity Board (NEB) la working towarda full corporatiaation by Sap 1, the baginning of ita financial year, ita chairman and deputy general manager, Datuk Haji Abu Ibak Huaain. said. "Aa our financial year enda on Aug 31, we
      Bernama  -  659 words
    • Article
      Lock icon Elders IXL's net earnings halved
      119 10 Reuter THE EARNINGS of Australian brewing and pastoral giant Elders IXL wars cut in half in tha six months to Decsmbsr 31, daapita a strong performance from core brewing operations The company, soon to be transformed through a major restructuring, yesterday reported a half-yearly net
      Reuter  -  119 words
    • Article, Illustration
      Lock icon Heavy losses
      520 10 Australia Reuter AUSTRALIA'S share market retreated heavily yesterday under preaaure from a sharp fall in Tokyo's Nikkei index and a sell-off on the futures market. The All Ordinariea Index aank 28 pointa to 1,560.6, after breaching the 1,600-point psychological barrier in its wake. It ia the first time
      Reuter  -  520 words
    • Article, Illustration
      Lock icon Nikkei tumbles 2.6pc
      541 10 Tokyo AFP JAPANESE share prices tumbled 2.6 per cent yesterday. driving the Nikkei index to its lowaat level aince last October's "mini crash" in squity markets worldwide. The decline, msrking the fifth conaecutiva day of turmoil in Japan's financial marketa, again featured light turnover. Volume fell from
      AFP  -  541 words
    • Article
      Lock icon Arab Malaysian joint venture awarded M$40m electricity job
      483 10 Bernama ARAB MALAYSIAN-Best snd Crompton Engineering Ltd of Indie (AMBC) has been awarded a M 540.4 million contract under the first packags of the Nationsi Electricity Board (NEB)'s MS22S-million accelerated transmission system development project". This contract will entail construction work for two
      Bernama  -  483 words
    • Article
      Lock icon Suntory posts US$42m profit
      91 10 AFP JAPANESE brewer and whisky distiller Suntory Ltd said on Thursday it had posted a net profit of 6.2 billion yen (US$42.B million) in the year to December on sales of 777 billion yen (U555.36 billion). Sales of distilled liquor and wine amounted to 468 billion
      AFP  -  91 words
    • Article
      Lock icon Bangkok: Largely unchanged
      247 10 Reuter THE THAI BOURSE shruggsd off plunging share pricea In Tokyo yesterday to finiah largely unchanged In light trade, brokers said. The compoeite SET Index fell 0.26 point to cloee at 618.32. Siam Cement ended 20 baht lower at 9006 and Siam City Cement was up 10
      Reuter  -  247 words
    • Article
      Lock icon Manila: Shares mostly lower
      191 10 Reuter SHARE PRICES closed mostly lower in Manila yeeterday, partly due to the drop in the Nikkei and Dow Jones indices but brokers see firmer pricee in the coming week. The Manila Stock Exchange Compoeite Index fell 9.25 points to ctoee at 1,031.97. Tha combined volume
      Reuter  -  191 words
    • Article
      Lock icon Taipei: Slightly higher
      266 10 Reutsr TAIWAN stocks closed slightly higher yeeterday as Investors rsgslnsd soms confidence after sxpected riots did not occur, brokers said. Opposition legislators only prevented Premier Lee Huan from delivering his state-of-the-natlon speech to Parliament which opened a new see* ion yesterday. The weighted index roee 66.22 points,
      Reutsr  -  266 words
    • Article
      Lock icon Seoul: Wait-and-see attitude
      170 10 Reuter SEOUL STOCKS Ml in irregular trading yesterday as individual investors took profits from the morning's gains, brokers said. The com posits index closed at 850.84. down 2.81 points from the previous session. Turnover was iower at 188.3 billion won, compared with 108.8 billion won at Thursday's
      Reuter  -  170 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      225 10 notices f ■nc IMTTES m TME > CMPTB»* TIE MATTER 6F —mmwm— mmm. NPFUBI PTE ITI (la Msaibsn VokMtsry WMtaf-Uf) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act. Chapter 50 the final meeting of the members of the Company will be
      225 words
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      Page 10 Advertisements Column 2
      331 10 M THE MATTER OF THE COMPANIES ACT, CAP. BO ANO IN THE MATTER OF CHAPIN SINGAPORE PTE LTD (In Member* Voluntary Lli|uliNitlnn) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of tie abovenamed company duly convened and held at 16, Raffles Quay #22-00 Hong Leong BuHdng, Singapore
      331 words
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      Page 10 Advertisements Column 3
      173 10 UAN HUH ELECTRICAL HARDWARE ENTERPRISE PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of members of the abovenamed Company will be held at 50 Jalan Sultan #1607 Jalan Sultan Centre, Singapore 0719,
      173 words
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      Page 10 Advertisements Column 4
      174 10 THE SWISS INN RESTAURANT PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companiee Act, 50, that the Final Meeting of members of toe abovenamed Company will be held at 50 Jalan Sultan #1847 Jalan Sultan Centre, Singapore 0719, on the
      174 words
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      Page 10 Advertisements Column 5
      175 10 TONG CHUAN BORING ENGINEERING PTE LTD (In Mambars'Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Sactton 308 of ttta Com paniaa Act, Cap. SO, that ttta Final Maating of mambars of lha abovanamad Company wM ba hatd at SO Jtiwt Sultan #16-07 Jalan Sultan Cantra, Singapore 0719, on
      175 words
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      Page 10 Advertisements Column 6
      53 10 The Jakarta market was doaad jooterday lor a public holiday (Ascension of Mohammad). MARKET In a tremendously competitive business where ignorance means youYe out and where "market intelligence" is always a welcome edge. ADVERTISING A MARKETING covers a vital sector of the economy comprising the country's communications muscle. Every Thursday...
      53 words
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  • WORLD MARKETS
    • Article, Illustration
      Lock icon Late selling sends Dow lower
      823 11 New York Reuter LATE AFTERNOON Mil programs and profit-taking on Thursday upset a US blue chip rally, sending prices down modestly at the close. The Dow Jones Industrial Average lost 8.79 points to close at 2,574.77 after poeting a stout advance for most of the
      Reuter  -  823 words
    • Article, Illustration
      Lock icon Shares down at midday
      914 11 London AP LONDON shares were sharply lower in nervous but light trading at midday yesterday, undermined by the relapee in Tokyo. At about 1230 GMT, the Financial Times-Stock Exchange 100share index was 30.6 points, or 1.3 per cent, lower at 2,238.6. The index was slightly above
      AP  -  914 words
    • Article
      Lock icon Arianespace explosion worries Japanese telecom
      481 11 Accident's biggest loser is Mitsubishi's unit Reuter THE EXPLOSION of an Arisnespace SA rocket carrying millions of dollars' worth of Japaneseowned communications equipment has worried the Japanese telecommunications industry. The biggest loser, industry analysts say. is Space Communications Corp (SCC), a satellite communications company 85
      Reuter  -  481 words
    • Article
      Newsprint giant gives notice of rise in low-grade paper price
      324 11 NORTH AMERICA S largest producer of newsprint Abitibi-Price Inc, haa notified its customers that it plana to increaae the price of low-grade paper by US$36 a tonne, to US$666. But analysts said on Wednesday that soft demand and ample supply
      324 words
    • Article
      Lock icon Renault, Volvo in merger deal
      120 11 AFP FRENCH car maker Renault and Swedish car and aircraft group Volvo are expected to announce a deal to merge their car and truck businesses. The two groups were planning a joint press conference yesterday in Amsterdam. Volvo atock waa auapended from trading in Stockholm
      AFP  -  120 words
    • Article
      Lock icon Eurotunnel reshuffles management team
      463 11 Reutsr EUROTUNNEL pic has pacified its contractors by reshuffling its management team and now faces the same teak with investors who will be asked to provide up to £500 million in equity, analysts said. The Anglo-French consortium earlier announced it appointed a senior manager to act
      Reutsr  -  463 words
    • Article, Illustration
      Lock icon ICI's record pre-tax profit of £1.5b inflated by asset sales: analysts
      346 11 Reuter BRITAIN's largest industrial company, Imperial Chemical Industries (ICI), on Thursday reported record annual pre-tax profits for 1969 but share analysts said the result was inflated by cash from asset salea. The company aaid pre-tax profit rose 4 per
      Reuter  -  346 words
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      1825 11 Reuter MILAN: Italian shares pared early losses in late trading yesterday, with a wave of late buying orders lifting the index after prices fell sharply in the morning following the Tokyo sell-off. The MIB index finished 0.21 per cent lower at 963, after having been 0.8 per
      Reuter  -  1,825 words
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  • Article
    Lock icon US-S'pore talks on military deployment in early March
    445 12 AFP THE US and Singapore will begin .talks early next month on de- ploying US planes and military personnel in the Republic to counter still-growing Soviet military capabilities in Asia, senior US officials said on Thursday. "The strategic value of Singapore is
    AFP  -  445 words
  • Article
    Lock icon World Bank official calls for wiping out of illiteracy
    220 12 AP ILLITERACY among the world's children 100 million of whom currently cannot read could be wiped out by the end of the century with relatively modest resources that should include funds diverted from weapons into classrooms, a senior World Bank official
    AP  -  220 words
  • Article
    PM Lee congratulates Kaifu
    130 12 PRIME MINISTER Lee Kuan Yew yeaterday sent a congratulatory message to Japanese premier Toshiki Kaifu on his election victory last Sunday that returned the Liberal Democratic Party to power with a reduced, but still decisive, majority. Mr Lee said the LDP victory "means continuity in policies
    130 words
  • Article
    Lock icon Seoul out to help Iran complete petrochem plant
    74 12 Reuter SOUTH KOREA is encouraging its firms to help complete a huge war-damaged Iranian petrochemical plant, a project abandoned by Japan. Energy Minister Lee Bongsuh held talks with Iranian officials on a possible role for South Korean firms in the project during
    Reuter  -  74 words
  • Article
    Lock icon Investors urged to set up operations outside Klang Valley
    360 12 Bernama INVESTORS' RELUCTANCE to set up operations in industrial sites outside the Klang Valley is leading to unbalanced development in Selangor, Deputy Menteri Besar Datuk Abu Sujak Haji Mahmud said yesterday. Speaking at the opening of an extruded latex thread factory
    Bernama  -  360 words
  • Article
    Lock icon Gatt urged to help protect environment
    222 12 Reuter ACTIVISTS from Europe, Japan and the United States yesterday launched a campaign to press negotiators in Gatt trade talks to adopt measures to protect the environment for the first time under the 105-nation accord. At a news conference, activists complained that Gatt (General
    Reuter  -  222 words
  • Article
    Lock icon Third World debt cover puts Lloyds Bank in red
    233 12 Reuter LLOYDS BANK of Britain posted a pre-tax loss of £715 million yesterday after a huge provision against loans to developing countries undermined hefty profits made in 1988. "The fact that our 1989 figures show a substantial loss arises from the
    Reuter  -  233 words
  • Article
    Lock icon US won't leave power vacuum in region, assures Cheney
    276 12 Reuter US DEFENCE Secretary Dick Cheney yesterday confirmed an American plan to cut ita AaiaPacific forces by 10 per cent, but promised worried alliee Washington would not create a power vacuum by withdrawing from the region. In a major policy speech
    Reuter  -  276 words
  • Article
    Lock icon Malaysian commercial bank deposits up 13.4pc to M$69b at end-1989
    331 12 Bernama DEPOSITS of commercial banks in Malaysia amounted to M 569.3 bullion as at the end of last year, up 13.4 per cent from a year earlier, Bank Negara governor Tan Sri Jaffar Hussein revealed. Total loans extended by the
    Bernama  -  331 words
  • Article
    Lock icon Dutch willing to foot bill for study on trade centre
    155 12 Bernama THE NETHERLANDS le willing to finance feasibility studies on the Betting up of e trade and distribution centre for Malaysia in Rotterdam if the matter la agreed to by the Meleysian government The managing director for the Netherlands Centre
    Bernama  -  155 words
  • Article
    Lock icon German armies seen to move towards union
    405 12 Reuter. AP THE ARMIES of East and West Germany have buried 35 years of Cold War enmity and may now be moving towards the creation of a new, united defence force. East German Defence Minister Theodor Hoffmann said on Thursday that the new
    Reuter. AP  -  405 words
  • Article
    Lock icon Taiwan's savings rate seen hitting seven-year low
    432 12 Reuter RISING domestic consumption, a shrinking trade surplus and growing capital outflow will knock Taiwan's savinga rate to a seven-year low in 1900 but it will still be one of the highest in the world. Bureau of Statistics director Duan Wei said yesterday
    Reuter  -  432 words
  • Article, Illustration
    Lock icon Taiwan to improve investment climate: premier
    185 12 AP TAIWAN will improve its worsening investment climate and upgrade local industries to maintain a stable economy, Premier Lee Huan said yeetorday. Mr Lee said that the government had begun s project to help industrialists obtain land for factory expanaion, while offering incentives for
    AP  -  185 words
  • LATE FILE
    • Article
      Lock icon French economy grows 3.7pc
      50 12 AFP FRENCH Groae Domestic Product grow by 3.7 per coot in 1909 compered with 3 8 per cent in 1966, end by 1.1. per cent in the leet quarter of the year. In the third querter of 1999, growth had aiowed to 0.4 per cent AFP
      AFP  -  50 words
    • Article
      Lock icon Bonn denies report
      38 12 Reuter THE WEST Qermen government yeaterday denied e newspaper report that it wea planning to offer to exchange Eaat German marka into Weet German marka at the rate of one-to-one under plana for monetary union.
      Reuter  -  38 words
    • Article
      Lock icon Polls Act may be amended
      49 12 Bernama MALAYSIA'S Elections Act ia likely to be amended aoon to provide for the counting of votea at the polling centre itaelf and not at the counting centre in parliamentary con■Hi i >..|n M ai sttruencim, information mio* later Oatuk Mohamad Rahmat aaid. Bernama
      Bernama  -  49 words
    • Article
      Lock icon Sihanouk returns to Cambodia
      33 12 Reuter PRINCE Norodom Sihanouk yastorday rttumtd to Hvi in Cambodia tor ttw first tima in 10 yaars, taking up raaidanoa in a jungla claaring naar tha Thai bordar. Rautor
      Reuter  -  33 words
    • Article
      Lock icon UK ambulance crisis nears end
      29 12 Reuter A PAY diaputa which haa cripptod Britain's ambuianoa aarvica naarad a aatttomant yaatorday whan union nagotl atora won a 17 par cant oUar.
      Reuter  -  29 words
    • Article
      Lock icon Comex gold and silver
      77 12 Reuter COMEX goto futuraa aaaad aarty yaatorday on short-oovaring by local tradara. In tha Drat half hour of trad: •ng, April gold was off SO canto at U*****.90 an ounca aftor if covaring from U*****.50. Spot gold waa 20 canto waakar aj U*****.90. Silvar futuraa alao
      Reuter  -  77 words
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      Page 12 Advertisements Column 1
      61 12 TRADE MISSION Y u ™r AR I 5 DAYS $2388 Dep 26/3.23/4 21/5 116.18/6 25'6 23/7 20'8 3/9 24/9 22/10 26/11 3/12. 10/12. 17/12. 24/12 Interested to trade or invest m Myanmar o EXPRESS SERVICE EURO-ASIA ENTERPRISE HOLIDAYS TEL: *****88t* 4 TEL: *****33 RAFFLES COUNTRY CLUR STORE MEMBERSHIP FOR SALE
      61 words
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      Page 12 Advertisements Column 2
      89 12 =__(_-]%)(?!@*)_(!.):.@!-,>[//{ cfl|^i|iu|gSHKn^ £<* v v •***lB?*' /I£|^HKh^^HH^^H^HH fc^MEP^m^fS'^rfflßMßß^BGH^W^BlMWl^lft^yWl^KiMKypjflßlßaNHKwßffßMß^^Sßß^S^B wwTOwafc- ■*4i: ■'^H r *JL3 I »bnptamqttatk&lftsPafeTphfUlßiltoilFnihHmiii 4. i mem 1111-i. SlflM > <* > «%L s ->.a>jE»,"'"ish- w <4~ •»«'SSL "«7 ipJjohWwr jHg||gfa|p|aTfrMfa|^^ Toil" 'w' *xt'J^r-ll. 'j^L-fi!S3!liE!^llJ^^^^E^^j I -!L I M?*. MA Y ■■Qfl <^ i > •■■jHßßg 1 V* FfflEf
      89 words
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      197 13 FEELING down? Lonely? Need someone to talk to? If the SOS hotline is busy, just drop a piece of rubbish on the street. The Ministry of the Environment is in the process of legislating the increaae of composition fines for littering to $150 from $100. But
      197 words
    • Article, Illustration
      Lock icon The flight of the century
      1428 15  -  If you thought flying was all plain sailing, well, it's not. As the history-making Paris-Langkawi-Paris air race draws to an end, CHARLES SAVAGE nearly pops a blood vessel toting up the false starts and abrupt endings for a cockpit's view 0f... CHARLES SAVAGE "MAYDAY MAYDAY
      Picture courtesy of Royal Jordanian; Picture courtesy of Twiniens Studio  -  1,428 words
    • Article, Illustration
      A quiet people mover
      894 13  -  PROFILE By SHOEB KAGDA IT WAS a gathering of the mover* end the shakers of Singapore businesses at the Shangri-La Hotel last night They were all there for one thing, and it wasn't for a free shot of Bailey's Irish Cream. They wanted to know who
      894 words
    • Commentary
      • Article, Illustration
        An open invitation to genocide
        1365 14  -  WALTON MORAIS U The writer is a reporter on BT's Trade A Industry Desk TWO DISPARATE EVENTS one, a report on Britain's superbrats of the future, and the other, a call by a Straits Times journaliat laat Sunday to legalise euthanasia began to connect in
        1,365 words
      • Article, Illustration
        Lock icon A case of waiting for Samson to go bald?
        654 14 PALMS STILL SWEATY, THE WEST WATCHES A MANUFACTURING GIANT NAMED JAPAN FT AMERICAN and European manufacturers have been wringing their hands for years over how to keep up with their seemingly indefatigable Japanese competitors. Some wags have been suggesting lately that
        FT  -  654 words
      • Article, Illustration
        Check! It's your move, Singapore Inc
        856 14  -  DEXTER LEE The writer ia a reporter on Bra Banking 6 Financial Deek. He 'a aiao the Secretary of the Serangoon Gardena C C Cheaa Club. YOU ARE TOU) that you have been chosen to don national colours at an international event. You are
        856 words
      • Article
        Local phone charges: a question of equity
        284 14  -  letters to the Editor Ms Teo Poh Wah Dear Sir, THERE HAVE BEEN several reports and comments in the press lately following from the story that Singapore Telecom intends to charge local calls. Singapore Telecom aa a forward-looking and progressive organisation is constantly
        284 words
      • Article
        To each his own taste buds, but...
        218 14  -  Nelil Yong i/ir#ciof 01 rrofnoiioni a n. Jiiiii KUDIIC rlOlluOnS Dear Sir, WE REFER TO the article "Sugar and leaa spice" published in the weekend edition of BT (Feb 10-11). We appreciate the time taken by your journalists to review the Sri Lankan
        218 words
      • Article
        Singaporeans do run MNC advertising agencies
        214 14  -  Steven B Howard Oeer Sir, ADVERTISING and marketing communications rely greatly on perceptions. That's one of the things which makes them such exciting disciplines. Perhaps Mr Peter Ling's perceptions (BT, Feb 20) of the local advertising scene needs readjusting. By my count It appears
        214 words
    • Executive Lifestyle:Entertainment & Pursuits
      • Article, Illustration
        When Man first dared to fly ...
        636 15  - When Man first dared to fly AVIATION By A SURENDREN HOW MANY of you Rolls Royce owners out there know that the man who gave his name to the luxury car, The Rt Hon Charles Stewart Rolls, died while flying a plane? Besides lending his name to the ultimate land-cruiser,
        636 words
      • Article, Illustration
        Mod art on four wheels
        385 15  -  EXHIBITIONS By SAMUEL EE JUST WHEN you've hung them up and aettied in. It'a about time to take them down, pack up and go off aomewhere else Such la probably the lot of anyone who organ iaea an art exhibition. But with the one currently
        385 words
    • Executive Lifestyle:Perspective
      • Article, Illustration
        Lock icon Keep an open mind (and palate)
        842 16  -  By N K YONG THE NUTRITIONISTS and health freaks are fond of tailing ua that we are what we eat. You could transpoee that to wine and quote "we are what we drink". I waa reminded of this truism after a lunch conversation the
        Punch  -  842 words
    • Executive Lifestyle: Pursuits
      • Article
        Lock icon Low-calorie fat substitute approved
        359 17 HEALTH NYT THE US FOOO and Drug Administration has approved ths first low-caloris substitute for fat. opening the door for a new claas of reducedfat food products that may revolutionise the American diet. The substance, Simplesse, made with sugar. waa developed by Nutrasweet Co of Chicago.
        NYT  -  359 words
      • Article, Illustration
        When a Taipei player paid his opponent a compliment
        526 17  -  BRIDGE By SYBIL HOLLOWAY THE NEXT NEC Bermuda Bowl and NEC Venice Cup championships which will take place in 1991 in Yokohama, Japan, will have a new format. The World Bridge Federation Executive Council haa accepted a proposal put forward by
        526 words
      • Article
        When scepticism poses a hindrance to learning
        921 17  -  By RICHARD SEAH The writer is the editor of The Good Life, a health magazine. The views expressed in this column are personal. FOR SOMEONE who ueed to be "a bored and indifferent pupil all through primary achool", with gradea that hovered "somewhere
        921 words
      • Article, Illustration
        BILLBOARD
        1141 17  -  A%j Lofnpiioo oy ROSNAH AMIR STAGE PERFORMANCES: Brendan Dugan. Brendan Ougan does his bit for New Zealand's 1990 celebrations. The "Country Gentleman" of the NZ entertainment industry, known for his longevity in the country music and television scene, performs at the Mandarin Singapore on Feb 27. On March 1
        1,141 words
      • Article, Illustration
        Song and dance,soup and souffle
        1982 19  - Song and d ance,soup and souffle Passion fruit souffle and Pavarotti: two good enough reasons for a whirlwind weekend in Hongkong. QUEK SWEE PENG did just that two weeks ago. She also managed to squeeze in a performance by the Paul Taylor Dance Company, and stuffed herself with bird's nest
        1,982 words
      • Article, Illustration
        The undesirables
        242 19 TRENDS NOTHING gives fast-food executives indigestion more quickly than the spectre of undesirable customers entering their restaurants. Under this heading come robbers, drunks and drug addicts. Fast-food joints in the US are peculiarly prone to attract all three. They are open tor long hours and are in busy
        242 words
    • Executive Lifestyle: Entertainments,the Arts & Pursuits
      • Article, Illustration
        Agile and macho on their toes
        770 18  -  DANCE By LISA LEE BELIEVE it or not, the men are the ones dancing on tip toe in the performances of the Georgian State Dance Company being presented here at the Kallang Theatre. In fact, they are almost as agile on their toes as
        770 words
      • Article, Illustration
        Birthday trick or treat?
        442 18  -  SBC'S 10th ANNIVERSARY SHOW By SAMUEL EE TEN YEARS down the road and SBC says it has improved by leaps and bounds. Among other things, it now has great video squipment and a new training school. But like mummy's ginseng soup, one thing has remained unchanged
        442 words
      • SHORT TAKES
        • Article
          700 cooks to gather round the pot
          133 18 IF TOO MANY cooks spoil the soup, then why are they all converging in Singapore from March 28 to April 2 for? Maybe to throw the broth at each other? Whatever it is, the well-worn cliche hasn't detracted the World Association of Cooks
          133 words
        • Article
          Plaza Cinema for most Film Fest screenings
          88 18 UPDATE from the organisers of the Singapore International Film Festival: the venue will be the Plaza Cinema in Jalan Sultan off Beach Road for all the screenings, except for the opening and closing night films, which will be at the Capitol Cinema. Tickets
          88 words
        • Article
          This Aussie's into jazz and gimmicks
          124 18 JAMES MORRISON hails from Australia, but he's not known for his Crocodile Dundee impersonations. The 26-year-old is trying to do for jazz what Paul Hogan did for koala bears. He's jammed with the likes of George Benson, Wynton Marsalis and Cab Calloway. and has
          124 words
        • Article
          Playing football minus the dirty shoes
          158 18 SOME national football players will be teaching young boys how to play soccer without getting mud in their shoes at Bedok View Secondary School tomorrow. No, detergent maker Fab hasn't contracted them to do the impossible. Rather, they're just lending their presence to Waddingtons'
          158 words
      • Article, Illustration
        The supreme all-girl group of the 60s
        610 18  -  Roger Loh DIANA ROSS ft THE SUPREME* Anthology (Motown)***** No other all-girt group in the 1960s could match them in talent or success. Diana Rosa ft The Supremes had the inside track on shifting black music to a pop audience. They scored 12
        610 words
    • Executive Lifestyle: Sports
      • Article
        Lock icon Darcy breaks record at Desert Classic
        336 20 GOLF AP IRISHMAN Eamonn Oarcy smashed the course record with a brilliant round of 64 on the opening day of the £276,000 (U*****,000) Emirates Deaert Golf Claseic on Thursday. Darcy's 6-under-par round on Dubai's par-72 course the only alt-grssa championship course in the Middle
        AP  -  336 words
      • Article
        Lock icon Brilliant play puts Allen in two-shot lead
        272 20 AFP 1 ROOKIE Michael Allen fired a brilliant eiflht-under-par 63 on to snatch a two-shot lead after the opening round of B ihe US$9OO,OOO Los Angeles v Open. Allen, who won twice in three *;,xpars on the European PQA Tour, qualified for the
        AFP  -  272 words
      • Article
        Lock icon Lendl, Becker struggle to reach quarterfinals
        524 20 TENNIS AP IVAN LENDL and Boris Becker both had to struggle on Thursday before advsncing to the quarterfinals of the US$l-million ATP Eurocard Classic tennis tournament. Lendl, ranked No 1 in the world, received a warning before edging Goran Prpic of Yugoslaj via 7-6,
        AP  -  524 words
      • Article, Illustration
        Lock icon Berger secures q-final berth in Pro Indoor
        239 20 AP FOURTH-SEEDED Jay Berger broke Wally Maaur's service four •i times on Thursday on his way to f, a 6-2, 6-4 victory and a quarter- final berth in the upset-iaden US$l million Pro Indoor tourna- ment. Berger wielded a powerful two-handed backhand and
        AP  -  239 words
      • Article, Illustration
        Lock icon Three share lead in first round off Ladies Open
        375 20 AFP PATTY SHEEHAN carded e three under-per 66 in Honolulu. Heweii, on Thursday end ehered e one-shot leed with Cethy Oerrlng end Eleine Crosby eftsr the opening round of the U*****.000 Heweii en Ledies Open. Sheehen. seeking her second victory of
        AFP  -  375 words
      • Article
        Doublebill telecast 'live': Hongkong Derby and Lion City Cup
        574 20  -  on TMCK With JEROME FANDOR THIS WEEKEND'S doublebill feature comes to us "live" from Shatin and Bukit Timah. The Royal Hongkong Jockey Club will beam us their HKSI.S million I,Boom Hongkong Derby, included as Race 4 tomorrow. Then, as Race 5,
        574 words
      • Article, Illustration
        Lock icon Flawless Garrison thrashes Smylie in 49 min
        327 20 AP ZINA GARRISON used a nearflawless serve-and-volley game to defeat Australia's Liz Smylie on Thursday 5-0, 6-1, and move into the quarter-finals of the Virginia Slims of Washington tournament. Garrison, the No 2 seed and fourth-ranked player in the world, lost only 13
        AP  -  327 words
      • Article
        Lock icon West Indies looks set to beat England
        450 20 CRICKET AFP ENGLAND are heading for a new hiding on the hot and hard pitch at Kingston's Sabrina Park when the first Test against the West Indies gets underway today. Even though they are ill-pre-pared for the devaststing pace attack they are about
        AFP  -  450 words
      • Article
        Lock icon King files suit against Douglas
        281 20 BOXING AP PROMOTER Don King filed a breach of contract suit Thursday against heavyweight champion James "Buster" Douglas. In the suit, filed in a US federal court in Manhattan, King is seeking several million dollars in damages and also is asking for an injunction to
        AP  -  281 words
      • Article
        Lock icon New York Knicks bite the Bullets
        203 20 BASKETBALL AP PATRICK EWING scored 41 points for the second straight game as the New York Knicks continued their mastery of the Washington Bullets with a 119-110 victory on Thursday night. The Knicks took control with a 22-6 third-quarter surge and held on for
        AP  -  203 words
    • Executive Jobs
      • Article, Illustration
        From Big Blue into the wild blue yonder
        792 21  -  THE BIG MOtfE By SHOEB KAGDA IT TOOK more than two weeks ol agonising and soul searching before John Wong convinced himself that the move was right. After spending 19 years with the Big Blue "it was more than just a job.
        792 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        323 21 JAMES R STEQER will be Seagate Technology's vice-presi-dent of the Singspore drive operations. Mr Steger, who was the ssnior vice-president, worldwide msnufacturing, for Miniscribe Corporation, comes to Seagate with nearly 20 years' experience in the mass storage field. His stint with Miniscribe included a three-year assignment in
        323 words
      • Article, Illustration
        Speak loudly and carry yourself well
        1210 21  -  MAKING IT IN AMERICA Acquiring job experience in the land of milk and honey can certainly enhance your career prospects. In this third of a four-part series on working overseas, david marchington outlines some of the opportunities available in the United States. DAVID MARCHINGTON
        1,210 words
      • Article
        Pay packets for computer people
        386 21 HOW WELL PAID are computer professionals? According to a survey by Hay Management Consultants, salaries start at about $2,000 for a data base analyst. At the high end. it may be as much as $4,500. But before new graduates get too hopeful, they should note
        386 words
    • Executive Lifestyle: Investment and Finance
      • Article
        Options benefit both bosses, employees
        840 22  -  PERSONAL FINANCE Stock options are becoming more popular in Singapore of late. In this special article for BT, JENNY LIM, a tax partner with an international accounting firm, discusses how and when benefits derived from stock options are taxable on the employee. JENNY LIM A
        840 words
      • Article, Illustration
        Lock icon Analysts say odds against new highs this year
        778 22 TOKYO STOCK MARKET Reuter TOKYO STOCK enslysts msy disagree over whether their battered market must fall much further to be fairly valued, but they all agree on one thing hitting new highs is going to be extremely tough this ysar. And any
        Reuter  -  778 words
      • Article, Illustration
        Lock icon Dr Doom is defiantly optimistic
        554 22 INTERVIEW WITH MARC FABER Reuter THE GIANT US brokerage firm of Drexel Burnham Lambert may have collapaed and Hongkong is facing a crisis confidence, but the company's flamboyant managing director in Hongkong, Marc Faber, is defiantly optimistic. Mr Faber, a Swiss-bom financial analyst who became
        Reuter  -  554 words
      • Article, Illustration
        Lock icon Excellent investment opportunities in hotel industry
        773 22  -  PROPERTY PROSPECTS By RUYEE HOW Mrs How It general manager. development coneultancy and reeearch department, Richard Ellis (Pte) Ltd WITH TOURIST ARRIVALS in Singapore hitting a record 4.8 million last year and anticipated to exceed five million in 1900, there ia tremendous potential for
        Source: Richard Ellis (Pte) Ltd  -  773 words
      • Don't quote me... ...
        • Article
          Do the Thais have it?
          52 23 DR MARC FABER, the maverick Swiss-born managing director of Drexei Burnham Lambert in Hongkong, ended his newsletter to clients this week with this remark: "My next market letter will be published from a taxi company's dormitory or from a farm in Thailand." But why a
          52 words
        • Article
          Doomed to be right
          44 23 STILL ON Dr Faber, who is living up to his nick-name of Dr Doom: "We remain negative on all stock markets and recommend our clients to stay liquid with first-clss financial institutions." So he read the markets right after all.
          44 words
        • Article
          Please, no names...
          116 23 IN A STATEMENT to refute some of the intense pressspeculation over the reasons for his sudden resignation from the Malayan United Industries (MUI) group. Oatuk Malek Merican said: "Some of the assertions in the prees attributed to my mysterious 'associates' and to the proverbially talkative merchant bankers'
          116 words
        • Article
          The ultimate Trump card
          101 23 FOR DONALD TRUMP, even his highly-publicised marrisge problems are good for business. According to him, the splashing of his name over the media in the past two weeks when word of the breakup came, has boosted business at his two hotel-casinos in Atlantic City and New
          101 words
        • Article
          Longer holidays for Japan?
          61 23 IN THE JAPANESE CONTEXT, this must be taken as enlightenment. Sony was recently reported to have abolished its "simultaneous summer holiday" system under which everybody goes on holiday on summer, at the time of plant shutdown. Instead, employees are permitted 16 days annual vacation, to be
          61 words
      • Article
        Gold may dip to US$390 before next upthrust
        332 23  -  trends By C DOW Mr Dow is an investment manager with a major local publicly listed company UPHEAVALS IN Esstern Europe. Japanese buying and world-wide inflationary trends snd a weak US dollar are among the main ressons cited for gold's rally from
        332 words
      • Article
        Warrants: premiums and gearing
        525 23 Conversion terms Premium/ Amount Prtc. C«23A90) ""u'Sff" C mP ny (m unit*) Wrte I Share I Ln »tk Ln >tk I Cash C*«h' I Ln »tk' Oaring 4 I ratio price nQm Data mthe value toft C K Tang 16.9 2.400 4.960 1.00 225 -6 2
        525 words
      • Article, Illustration
        Pentex Schweizer: timing not in its favour
        827 23  -  mm By LORETTA McLAUGHLAN THE PUBLIC OFFER of new shares in printed circuit board (PCB) maker Pentex Schweizer Circuits Ltd looks as if it could be in for a bad dose of unfortunate timing. Unless market sentiment improves radically before noon next Tuesday
        827 words
      • Article, Illustration
        Lock icon Look for support near 1500/1520 level
        131 23 sop? Cresvale Far East, Hongkong AS EXPECTED, the Singapore market experienced a technical correction this week, with the STII testing its 10-week moving average on the weekly price chart. The Stochasic indicator fell below the 70 per cent level as some investors preferred to
        Cresvale Far East, Hongkong  -  131 words
      • Article, Illustration
        Lock icon Soft outlook for Kiwi bourse
        760 23 NEW ZEALAND MARKET Reuter NEW ZEALANO share pricee are likely to remain soft for the next few months aa private inveatora prefer to hold caeh and economic confidence continuee to elude inetitutional investors. "We're in a awamp," aaid David Grieve, director of Ord O'Connor Qrieve
        Reuter  -  760 words
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      197 words
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      114 14 B m iakl IS Wp I T Scalpel...scissors...sutures._ Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. kept We nformed ma imise murns Essential information accessible every business day your money |hroUj?h Times In the same way a surgeon needs his tools
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      240 16 Wforetvmtertttin...Wfot? to entertain... Where tv entertain... llfietv to k. I Some like it hot. .1 Spicy Szechuan dishes served at lunch and I dinner daily in the cool, inviting atmosphere of I Szechuan Court. I) Reservations, *****10 or *****85 ext *****/6. ■I TH£ WtSTIN Piaza I ctx WESTIN MNUSIIUIOKn I
      240 words
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      Page 16 Advertisements Column 2
      167 16 Cajt'BouUyaJvi I B.B.O^lg* I Rendezvous I is nowat^^^f^ fc I Tantalising steaks I and chops, freah UWKT ■■M I seafood with our TmAf 1 r 1 I "mouthwatering" YVX Rojak as starter AD I t\7.o&++per person I Fridays, SaUinlay* »nd Sundays frr>m. J I 6.30 pm 10.00 p<n Call 737-1133
      167 words
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      Page 16 Advertisements Column 3
      124 16 OOimCGS ssrasssssr^J TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? GAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES A JAZZ BAND TO PUT YOU N A MERRY MORNING MOOD. EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES. BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE FAMB.Y. SUNOAYS
      124 words
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      Page 16 Advertisements Column 4
      273 16 IrE 1 SMKXX>-T>C4TK I Lp otwcmi wxwww gj muimmim ■DB Sat Sun lAjnch leisurely on a feast of Cantonese-Thai specialities and desserts this weekend. At the Seafood Theatre Restaurant Adult: $16.50++ Child under 12: $10.00++ Plaza Hotel SINGAPORE Beat* Road S«n«aporc 0719 TH *****11 Lobby ExcelMor Hotel« TeL 338 7733
      273 words
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      Page 16 Advertisements Column 5
      140 16 1 wll #1 Greece is the word! I MMn ill li| liuiiiilm KftM. Yil 111 I DatMtfMa. HMMka Mi Mr SO IMIm smsr MyumruMOj M 1 We terve the worid to you at Ifes? P3 Octupd Hoi 08P Td TV *411 HK Dianjps^l Come and eryoy superb Cantonese J I
      140 words
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      217 17 entertain.... J 1: Brunch Is A Family Affair Every Sunday. Every Sunday, Hubertus Grill I becomes the venue for a great Sunday W Family outing. A scrumptious buffet spread is laid out for both I grown-ups and children. And while t you linger over a meal, we'll feature f cartoon
      217 words
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      Page 17 Advertisements Column 2
      222 17 The art of doing business. Iburchettes Business Lunch. At Fourchettes Grillroom, ooc of Singapore's finest buaoes hinches twaits. The fiohot ojvten, Gook Ritteoa and other appetizers. Main courses from the Grill, or Rout US Prime Rib from the Canoy. Accompanied by the most exquiaitr Desserts, H>m «tvi Coffees At just
      222 words
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  • Page 18 Miscellaneous
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      Page 18 Miscellaneous Column 1
      537 18 (3B33§B3(DiaE) CRYPTIC PUZZLE 4 Came back with the |Bn WM2 Hp W/ft IF HP Hi material made 10 Coin a name, say an extra day to (6) 10 Took part in the con19 My S (4^ e 26 Th scrcond^ 29 Bound to return it, the v !SL V vou
      537 words
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      292 21 DHL IN THE NEWS Advertisement MfMIAf fVimm I tor tamer's office. It automatically prepares nwff i ipuici airbills, prints shipping labels, weighs farilitv for packages and applies the proper rate ia*#miy i\si based on weight and destination, pronHl'c PI IQtomprQ vides daily summaries and invoicing for vuoiui i ivi 9
      292 words
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      Page 21 Advertisements Column 2
      330 21 HARNESS THE POWER OF; MAN AND PRODUCTIVITY I I ww Our client is Asia's largest publisher of trade I Hlimnn KPCAllyppc magazines with worldwide operations in Asia, a. till 111*11 itvuvlU W%J USA and Europe. Its application of a people- I centered philosophy has created a unique I lIIVD/m AIT
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  • Page 21 Miscellaneous
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      168 22 INVESTING IN SHARES? CALL .v^>* /j r> gi'r- r& -l Ne f 4 v- /f 4 <>■ Jr sjr fe v ■■HMkISH *JT jjß M > /'Cyv Jr A ..,,v •< r- <■• ja ASK FOR CREDIT PLUS When opportunity knocks you'll want to be It's so easy and convenient
      168 words
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      28 23 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address aJI correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923.
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      676 24 Mm Sikfhai Meat, Today, 2.50pm. SBC 5 Thia Malay period drama has a king diaguiaing himself as a beggar to experience the sufferings of his people. He falla in love with a commoner. But the letter'a sister ie a jealous vixen who plots with a scheming minister to kill her
      676 words
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      Page 24 Miscellaneous Column 2
      3084 24 c ATI inr\ AV ■C: CMnaaa; T: TamH; M: Malay; f: vapaat Trwgur* ts~ Tt» wmks SATURDAY —*****»on*. u* «mom. CD/" 11 12.10 AM The Foundation (r) MM fl| SBC 8 JDv IX Power Play. ——12.55 AMCIoee. m 12.55 PM Opening and m V Programme Highlights r fla i Today,
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