The Business Times, 31 March 1990

Microfilm: NL16960
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 170/12/89 Weekend March 31/1 Apr 1990 75*
    11 words
  • NEWS & MARKETS SUMMARY
    • Article
      Dow Jones up
      28 1 PRICES of leading shares rose on Wall Street yesterday, with the Dow Jones industrial average up 1.13 points to 2,728.83 five minutes into the session.
      28 words
    • Article
      Footsie up
      40 1 LONDON shares were broadly firmer at mid-session yesterday after recouping early losses, which followed a 1,000 point plunge in Tokyo shares. By 1151 GMT the FTSE 100share index was up 5.9 at 2,268.9 after a low of 2,253.5.
      40 words
    • Article
      Soviet forecast
      71 1 LEONID Kravchenko, president of the Soviet news agency Tass, predicted in Tokyo yesterday that the Soviet Communist Party would inevitably split and that radicals in the party would form a new political group after its congress in July. Mr Kravchenko indicated that Yegor Ligachev, the most prominent conservative
      71 words
    • Article
      EDB first
      32 1 THE ECONOMIC Development Board (EDB) has for the first time set up three holding companies as vehicles for joint investment with local companies in overseas venture capital investments Paige 2
      32 words
    • Article
      Constructive rises
      42 1 BUSINESS was good for two companies in the construction sector, with Lim Kah Ngam (LKN) showing a 478 per cent leap in earnings, and Hong Fok Corp Ltd returning to the black and proposing a one-for-four bonus issue. Page 3
      42 words
    • Article
      Cutting the US deficit
      41 1 WORKING AGAINST a deadline, the United States and Japan on Monday will reopen two days of critical talks on ways to reform government and business practices to help cut America's big trade deficit with Japan Page 4
      41 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 785.34 -5.64 Kuala Lumpur .3,052.24 -19.59 Hongkong 2997.98 -2.54 Tokyo 29,980.45 -1,045.71 Sydney 1,534.6 -11.2 Thursday Change New York 2,727.70 -15.99 London 2,263.0 -12.0
      29 words
    • Article
      CURRENCIES
      23 1 Exduuif* rates US$ S$ 1.8845 Yen (100) SS1.1935 MS 1„ SS0.6904 Money niriiit rates Overnight 6 3/16% +2/16 3-montn 6 5/16% unch
      23 words
    • Article
      COMMODITIES
      33 1 LmmIm CtM AM fix US$372.20 +US$1.45 yporeApril. 154.25*/Icg +125 tfsU April... 226.00»/kg +0.50 KL Dn Turnover 108tonnes -167 Spot M$17.78/kg +0.34 Cnrit pata ott fllturM Turnover 934 lots -665 April M$68Q/tonne +3
      33 words
  • Article
    Kuok group places $130m orders for bulk carriers
    407 1  -  By Lee Han Shih WITH ITS commodity business booming, the Kuok group has placed orders for three bulk carrier vessels worth some $130 million through its shipping arm Pacific Carriers Lid (PCL). The vessels, called Future 32-A prototype, will be built by
    407 words
  • Article
    UOB chalks up record profit, proposes bonus
    422 1  -  By Quak Hiang Whai BUOYED BY a 39 per cent jump in net profit to a record $239.6 million for the financial year 1989, the United Overseas Bank (UOB) group is proposing a l-for-10 bonus and a higher dividend payout. Shareholders will get
    422 words
  • Article
    Nikkei tumbles 1,000 points
    205 1 PROFIT-TAKING in blue chips and skittish investors expecting the Tokyo bourse to take a betting drove down the Nikkei Index more than 1,000 points yesterday. The index tumbled 1,045.71 points, or 3J7 per cent, through the key 30,000point level to 29,980.45. The setback for the Japanese
    205 words
  • Article
    KLSE trims missing list to 34,060 scrips
    307 1 THE Kuala Lumpur Stock Exchange (KLSE) said 34,060 traded lots totalling more than 34 million shares are still classified as "lost", down from 49,000 it reported missing three weeks ago. KLSE executive chairman Nik Din Yusof said an investigation was continuing and expressed
    307 words
  • Article
    Lock icon Indon scholar calls for talks on wealth sharing
    100 1 AFP A LEADING Muslim scholar yesterday called for a series of national dialogues aimed at encouraging prosperous Indonesian businessmen to share their wealth with the rest of the country. Abdurrachman Wahid, leader of the influential Muslim scholars' organisation Nahdlatul Ulama (NU), said
    AFP  -  100 words
  • Article
    CityDev posts record after-tax profit of $36.5m
    334 1  -  By Magdalene Ng RIDING ON record earnings for 1989, property conglomerate City Developments Ltd announced yesterday its intention to launch two industrial projects and increase its interest in investment properties in the prime business district. CityDev posted a 46.7 per cent jump in
    334 words
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Streetlights operated by ripple control system
        84 2 SINGAPORFs 80,000 streetlights including car park and park lightings are now operated by the ripple control system, which allows streetlights to be automatically switched on iuid off according to seasonal changes in daylight hours. The $21 million system, which has been installed in stages
        84 words
      • Article
        Chok Tong on mother tongue
        104 2 PRIMARY SCHOOL students must continue to be taught their mother tongue, shared national values and core personal valires, First Deputy Prime Minister and Minister for Defence Mr Goh Chok Tong said yesterday. Speaking at the Ngee Ann Primary School's 50th Founders' Day Celebration, Mr Goh
        104 words
      • Article
        Johor fishermen not ill-treated
        111 2 THERE is no basis to allegations that several Johor fishermen were ill-treated and tortured by Singapore authorities as reported in The Straits Times on March 28, a police spokesman said yesterday. The Straits Times article was based on a report in the Malaysian newspaper, Utusan Malaysia.
        111 words
      • Article
        Effective communication
        60 2 THE NATIONAL Productivity Board is organising a seminar on effective corporate communications as part of its efforts to promote corporate communication. The communications seminar will be held on Tuesday (April 3) at the NPB auditorium. The NPB Training and Communication Video Awards and the National Centre for In
        60 words
      • Article
        CPF topping-up limit to go up
        70 2 THE CENTRAL Provident Fund will raise the maximum "topping-up" Limit for retirement accounts under its minimum sum scheme to $31,600, in line with the revision in the minimum sum to the same quantum from tomorrow (April 1). This maximum topping-up limit applies to those
        70 words
    • Article
      EDB sets up vehicles for ventures with local firms
      309 2  -  By Jayaram Menon THE ECONOMIC Development Board (EDB) has for the first time set up three holding companies as vehicles for joint investment with local companies in overseas venture capital investments. EDB Ventures 1 Pte Ltd, EDB Ventures 2 Pte Ltd
      309 words
    • Article, Illustration
      Instant printing service in Raffles Place
      321 2  -  By Suzanne Soh A GROUP of entrepreneurs has set up shop to tap what they see as a growing market for sophisticated "instant" printing services. Armed with a British franchise, Prontaprint, they want to do in the printing sector what Mister Minit has done
      321 words
    • Article
      May 2 debut for revised Simex gold futures
      335 2  -  By Soh Tiang Keng THE WORLD'S first cashsettled gold futures contract will make its debut on May 2 when the Singapore International Monetary Exchange (Simex) launches its revised gold contract. Dr Gan Tjoen Hok, chairman of the Simex gold contracts committee, said
      335 words
    • Article
      POSB savings rates to go up by quarter point
      191 2 THE POST Office Savings Bank (POSB) is raising the interest rates for its savings accounts by a quarter percentage point. From tomorrow (April 1), interest on savings of up to $100,000 will earn 3.S per cent a year at POSB, while
      191 words
  • SHIPS IN PORT
    • Article
      SINGAPORE
      2135 2 AT CONVENTIONAL WHARVES Vmm4 Voy No Barlh Arrival Dcpwtura o»o«g*d. 3003/ 1200 Am I K32 ok>ngKl« OS 04/ 2300 teyvraho* 3/90 KI7 otongwto 3103/ 0600 JMtuquoA 3 K30 oiongwJ# 0104/0600 Koto Agung t-«44 K3I olongMta 30.03/ 2000 SC263C 2* KI7 a'OOQwx 3003/IS00 MM 143 K29 okMgwto 3103/1200 SirPrife 03N
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    • Article
      MALAYSIA
      294 2 Port Klang South Poet Shoko berth 2; Boxing H«i berth 3; Hong Hing berth 4; Swee Ann Satu berth 5; Jenwin berth 7A KCT: Kota Mesra berth 8; Bonita Ace berth 9; Kal Shun berth 10; Johore Bridge berth 10 North Port San Carlo# 1 berth 11; Alan Tanaga
      294 words
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  • COMPANY NEWS
    • Article, Illustration
      MARKET SUMMARY
      557 3 Other indices Close Previous Net change Mar 30 Mar 29 BT Composite 1356.54 1366.16 -9.62 BT-MGA 785.34 791.21 -5.87 ST Industrials 1581.08 1594.21 -13.13 BT OB/OS -152 -115 -37 BT CADI -5510 -5472 -38 BT 10-day MA -5393 -5378 -15 BTOBV +*****96 +*****09 -***** ST Finance 2612.54 2631.47
      557 words
    • Article
      LKN profit up 478pc, Hong Fok in the black
      353 3  -  By Abdul Hadhi BUSINESS was good for two companies in the construction sector, with Lim Kah Ngam (LKN) showing a 478 per cent leap in earnings, and Hong Fok Corp Ltd returning to the black and proposing a one-for-four bonus issue.
      353 words
    • Article
      Suntory urges holders to hang on
      269 3  -  By Magdalene Ng THE SUNTORY group of Japan, which is already assured of a 70 per cent stake in Cerebos Pacific, hopes that shareholders faced with the general offer would decide to hold on to their shares, thus allowing the food group to keep
      269 words
    • Article
      Hotel Prop suffers 51pc drop in earnings
      201 3 AGGRESSIVE Hotel Properties reported a sharp fall in net profit despite higher turnover, after losing $2.6 million in foreign exchange, and another $3 million from associate Luxury Hotels Pte Ltd. The hotel and property group reported a5l per cent decline in after-tax profit
      201 words
    • Article
      Straits Trading posts increase
      175 3 THE STRAITS Trading Company Ltd has posted an 11.5 per cent increase in group after-tax profit to $38.28 million for the year ended Dec 31, 1989, compared with $34.32 million previously. The group, which belongs to the OCBC Bank stable of companies, chalked up a 23.2
      175 words
    • LATEST RESULTS
      • Article
        Sunshine Allied Investments
        53 3 POST-TAX profit increased 12.8 per cent to $2.05 million ($1.82 million) on a 6.6 per cent rise in turnover to $24.55 million ($23.03 million). Pre-tax profit rose 3.7 per cent to $3.17 million ($3.05 million). EPS was 20.1 cents (18.2 cents). Directors have recommended an interim dividend
        53 words
      • Article
        Muda Holdings Bhd
        131 3 GROUP after-tax profit rose 12 per cent to MS 12.53 million for the year ended Dec 31, 1989 on a 23.2 per cent rise in turnover to M$ 103.93 million. Pre-tax profit rose 18.2 per cent to MS 16.8 million. EPS was 22.8 sen and NTA per
        131 words
      • Article
        Kulim Malaysia Bhd
        65 3 GROUP after-tax profit dropped 7.1 per cent to M 517.4 million for the year ended Dec 31, 1989 on a 6.5 per cent gain in turnover to M 593.38 million. Pre-tax profit slipped one per cent to M 528.22 million. EPS was 15.11 sen and NTA per
        65 words
      • Article
        Tasek Cement Bhd
        61 3 AFTER-TAX profit almost doubled to MS 12.75 million for the six months ended Dec 31, 1989 on a 36.75 per cent gain in turnover to M 574.92 million, due to the strong Malaysian property and construction markets. Pre-tax profit doubled to MS2I million. EPS was 8.6 sen.
        61 words
    • Article
      Hong Leong Finance after-tax profit up 56pc
      251 3  -  By Quak Hiang Whai HONG LEONG Finance (HLF), Singapore's biggest finance company, chalked up a group after-tax profit of $34.8 million for 1989, up 56 per cent over the previous year. The group is recommending a 1-for-10 bonus issue and a first and
      251 words
    • Article, Illustration
      Lock icon KLSE plans depository system for July
      382 3 AFP THE Kuala Lumpur Stock Exchange (KLSE), which is trying to track down missing share scrip, said yesterday it plans to implement a broker depository system in July as a forerunner to scnptess trading The interim system will minimise the physical movement of scrip
      AFP  -  382 words
    • Article
      UOF, UOI report higher earnings
      148 3 UNITED Overseas Finance posted a 23.3 per cent increase in net profit before extraordinary items to $8.78 million for the year ended Dec 31, 1989. Turnover rose 25.6 per cent to $48.90 million. Pre-tax profit climbed to $14.27 million from $11.91 million. Net tangible asset
      148 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      538 3 y\M/ The Royal Bank of Scotland pic M Incorporated in Scotland Head Offica: 42 St. Andrew Square, Edinburgh, EH2 3YE. I Singapore Branch: 6 Battery Rood, #18-01, Singapore 0104. H c HI _f I The Royal Bank of Scotland pk ond subsidiary companies The Royal Bank of Scotland pic and
      538 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon US likely to trail Japan, Europe by 2000: author
        162 4 Reuter THE UNITED STATES, weakened by two decades of stagnation, is likely to fall behind Europe and Japan to become the woeid's third-ranking economic power by the year 2000, claims a new book by a noted international economist. Author Robert Krugman
        Reuter  -  162 words
      • Article
        Lock icon Gorbachev, Roh in agreement
        125 4 AFP SOVIET LEADER Mikhail Gorbachev has told South Korean President Roh Tae-Woo in a message that he fully agreed with him on the need to normalise relations early, the presidential office in Seoul said yesterday. The announcement came immediately after South Korean ruling party co-leader Kim
        AFP  -  125 words
      • Article
        Lock icon Poor challenge UK poll tax
        122 4 Reuter HUNDREDS of people from one of London's poorest boroughs took to the streets on Thursday to challenge a new "poll tax" from Prime Minister Margaret Thatcher that will give them the second highest tax bill in the country. The defiant British leader defended the
        Reuter  -  122 words
      • Article
        Lock icon Burmese-Korean joint venture
        74 4 AFP BURMA has signed an agreement to jointly produce and market electronic goods with a South Korean private firm, official Rangoon Radio reported. The Daewoo Electronic Myanmar Co Ltd was set up with an investment of US$4 million by South Korea's Daewoo Company Ltd and Burma's state-owned
        AFP  -  74 words
      • Article
        Lock icon E Germany to get 3b marks
        108 4 AFP THE AMOUNT of direct financial aid West Germany plans to give East Germany by a federal budget measure has been increased to three billion Deutschemarks (US$l.76 billion), against the previously planned two billion (US$l.l7 billion). The announcement, made on Thursday by Manfred Carstens,
        AFP  -  108 words
      • Article
        Lock icon Japan's consumer prices up
        100 4 AFP CONSUMER prices in Japan in February jumped 3.6 per cent from a year earlier and 0.3 per cent from January, the Management and Coordination Agency said yesterday. The agency said the consumer price index stood at 105.1 for February against the base figure of 100
        AFP  -  100 words
      • Article
        Lock icon Zulu Wars wreak havoc
        115 4 Reuter AS SOUTH AFRICA'S most powerful black leaders take steps to bring peace to strife-torn Natal province, dead bodies and rows of burned-out houses bear witness to the human misery behind the "Zulu Wars". Amid Natal's rolling hills, residents seek sanctuary in churches and schools to
        Reuter  -  115 words
    • Article
      Lock icon HK traders looking to Vietnam as potential market
      334 4 AFP AMID a Vietnamese refugee crisis at home, Hongkong traders are eyeing a potentially vast market in Vietnam as Hanoi campaigns for international investments to help its battered economy. Locally based business groups and Vietnamese officials are hopeful the colony's refugee emergency
      AFP  -  334 words
    • Article, Illustration
      Lock icon Soviet trade embargo could backfire
      380 4 AFP A SOVIET trade embargo against the breakaway republic of Lithuania would backfire and would not be in Moscow's interests, according to a leading Lithuanian industrialist. "I don't think the Soviet Union will organise an economic blockade against Lithuania," Gintarias Saunoris, the director of the
      AFP  -  380 words
    • Article
      Lock icon US, Japan in last-ditch talks on trade barriers
      419 4 Reuter WORKING AGAINST a deadline, the United States and Japan on Monday will reopen two days of critical talks on ways to reform their government and business practices to help cut America's big trade deficit with Japan. But US officials and others
      Reuter  -  419 words
    • Article
      Lock icon Tokyo officials retire into private sector
      246 4 AFP INCREASING numbers of high-ranking public officials are taking private sector posts upon their retirement, according to an annual report by Japan's National Personnel Authority. Last year 246 former vice-ministers and administrative chiefs retired into private enterprise positions, 14 more than in 1988, according
      AFP  -  246 words
    • Article
      Lock icon Perlis to develop more industrial land
      402 4 MBT 'iHE PERLIS Economic Development Corporation (PEDC), in its effort to attract investors, will spend more than Mslo million this year to develop another 40 hactares of new industrial land in the state. PEDC general manager Izham Omar said the move is to meet
      MBT  -  402 words
    • Article, Illustration
      Two on a slow boat to bliss
      58 4 JEAN and Muriel eqjoying a sip of champagne as they relax on their pink bed floating on the Seine River near the Liberty statue in Paris. The wet event is part of an advertising film for Treca bed and mattress company, and is
      58 words
    • Article
      Lock icon African bloc taking stock
      196 4 Reuter AN AFRICAN economic bloc set up 10 years ago to cut dependence on South Africa marks its First decade this week with only half its goals achieved. The nine-nation Southern African Development Coordination Conference has been jolted by political changes in the country it sought
      Reuter  -  196 words
    • Article
      Lock icon Growth in US consumer spending slows to 0.4pc
      319 4 AP US CONSUMER spending narrowed to a 0.4 per cent increase in February, the government said on Thursday. Analysts blamed weak car sales for the slowdown, and some said buying momentum was building in other areas of the economy. The Commerce Department
      AP  -  319 words
    • Article
      Lock icon US to cut nuclear arms spending
      268 4 Reuter THE US DEFENCE Department plans to cut spending on nuclear arms programmes beginning 1992 but that would not necessarily mean dumping the B-2 bomber or two mobile missile programmes, spokesmen said on Thursday. At the same time, the US Navy announced on Thursday
      Reuter  -  268 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Local market bears up to Tokyo's plunge
      4610 5  -  By Lim Mui Khi THE LOCAL MARKET kept its head as prices in Tokyo went into a dizzying nosedive yesterday. Prices on the Singapore bourse edged gently lower and the Straits Times Industrials Index settled finally at 1,581.08, just 13.13 points down from
      4,610 words
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  • STOCK EXCHANGE OF SINGAPORE 2
    • Article
      Kamunting steals the limelight again
      3671 6  -  By Lim Mui Khi TOLL OPERATOR Kamunting Corporation again provided the excitement for investors who have become spectators and not participants in the over-the-counter market. The counter closed at $1.32, 18 cents below Thursday's close of $1.50. A volume of 29.85 million shares were traded
      3,671 words
  • Article
    BONDS, LOANS AND WARRANTS INFORMATION SERVICE
    938 6 Company Expiry/ Coupon Conversion period Interest Conversion term for one ordinary maturity payabie share date C—imi Loan 1994 6 Dec 31 CaMWiy Wl 1994 Oct 2. 1989 to Oct 20, 1994 1 warrant plus $1 cash or 1 warrant phis $1 nominal amount of
    938 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices mixed to easier
      3279 7 MBT SHARE PRICES on the Kuala Lumpur stock market closed mixed to slightly easier yesterday as bargain hunting alternated with profit-taking in moderate trading. Dealers noted that the continued weakness at the Tokyo stock market initially dampened sentiment but some die-hard bulls surfaced to bargain hunt,
      MBT  -  3,279 words
  • BT SHARE INFORMATION SERVICE
    • Article
      DIVIDENDS ANNOUNCED
      1069 7 CtMTOOt piytMflt Ex Bocks Date Total for Total far date dtM payable the year last year fcnt* Enc 6*TE0) Apr 11 Apr 17 Apr 28 6*TE 6*TE A«#no 15*TE Feb 28 Mar 12 May 15 25*TE 25*11 BAT 90 9*(n) Apr 6 Apr 19 May 3 122.7*(n) 72*
      1,069 words
    • Article
      APPROVED ISSUES
      323 7 Company Rights Issue MM One-tor four <3, M$2 40 pet share Ei-date Mar 8 Books close: Mar 22 Acceptance Payment May 10 CSC Two-tor-five <9 $2.10 per share Three warrants tor every 10 existing shares hefd at {048 per warrant Ex-date Feb 7 Books close Feb 19 Acceptance
      323 words
    • Article
      PROPOSED ISSUES
      377 7 Company Rights Issue 1 Hp* Or*-for one to. $1 85 per share Orator one MJO 50 per share Fiber Merfr One tor one to MJO ?5 per share. Mowed by a share swap of live Faber Merlin shares tor two new shares m New Faber N leant M
      377 words
    • Article
      COMPANY MEETINGS
      122 7 YTI Corporation Berhad: EGM at Board Room, Lower Penthouse, Plaza Yeoh. Tiong Lay, 55 Jalan Bukit Bmtang, ***** Kuala Lumpur on Saturday, Mar 31, at 11am. RasM Hussaii Bertiad: EGM at the Auditorium, Ist Floor. Bangunan Peremba. 424 Jalan Tun Razak, ***** Kuala Lumpur on Friday, Apr 6.
      122 words
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  • REGIONAL STOCK MARKETS
    • Nikkei plunges below 30,000-point level
      • Article, Illustration
        HONGKONG
        1090 8 I SHARE PRICES closed easier in Hongkong yesterday on profit-taking ahead of the weekend, brokers said. The Hang Seng Index shed 2.54 to close at 2,997.98. Turnover amounted to HK$ 1.436 billion. "What may be happening is that people who want to buy have already bought and the rest
        1,090 words
      • Article
        TOKYO
        855 8 IPOKYO SHARES plunged on heavy fndex-linked selling yesterday, leaving the Nikkei index more than 1,000 points down and below the 30,000-point level at the close. Tokkin, or special -money trusts, led selling, partly because yesterday was the last trading day of this fiscal year. Disappointment over the yen's failure
        855 words
      • Article
        SYDNEY
        564 8 AUSTRALIA'S sharemarket closed weaker but off its lows after a day of volatile trading yesterday. The All Ordinaries index finished 11.2 points off at 1,534.6 after a late rally pushed it up from a low at 1,525.3. The release of the February current account deficit was greeted cautiously by
        564 words
      • Article
        SEOUL
        186 8 SEOUL stocks rebounded strongly on favourable rumours yesterday, including speculation the government might lower interest rates and may be preparing to announce good news about relations with North Korea. The composite stock index gained 21.25 points to 845.84. Volume was moderate, with 275.8 billion won against 294.3 billion on
        186 words
      • Article
        MANILA
        65 8 PHILIPPINE share prices closed mixed on indecision by investors who traded cautiously while awaiting yesterday's treasury bill auction results. The Manila Stock Exchange composite index finished at 1,099.31 points, up a slight 1.4-3 from Thursday. The Makati index eased 3.82 to 1,109.30. The auction ended late in the day.
        65 words
      • Article
        TAIPEI
        333 8 THE Taiwan stock index ended slightly higher yesterday after wavering unsteadily all day as investors looked for hints on the market's direction. The weighted index climbed 64.32 points, or 0.6 per cent, to close at 10,512.19 against Wednesday's 10,447.87 finish. Thursday was a public holiday. Turnover continued to slip,
        333 words
      • Article
        NEW ZEALAND
        57 8 NEW ZEALAND shares closed sharply lower yesterday in response to a sudden plunge in Tokyo. Turnover continued-to be very light. The Barclays index wis estimated to have closed at 1,718.40, down 31.59 points, just above the low for the year to date of 1,713.76 set 6n Monday. Turnover
        57 words
      • Article
        JAKARTA
        40 8 JAKARTA stock prices ended mixed in fairly active trading yesterday, with 1.71 million shares changing hands during the half-day. The composite index rose 3.16 points to 609.02. The Jardine Fleming Nusantara index was 140.63, up from the previous 139.91.
        40 words
      • Article
        BOMBAY
        31 8 BOMABY share prices hit the bullish trail yesterday in hectic new account trading. The Bombay Stock Exchange index rose 13.31 points to 781.05. The national index rose 5.38 to 420.62.
        31 words
      • Article
        BANGKOK
        230 8 THE Securities Exchange of Thailand (SET) index rose yesterday as investors gained confidence following the appointment of General Chaovalit Yongchaiyuth as deputy prime minister and defence minister. The 6.25 point rise in the index to close at 851.53 points was linked with the appointment of Gen Chaovalit to the
        230 words
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      Page 8 Advertisements Column 1
      123 8 rvQuH V U jK If A language research team which has worked for 7 years using extensive computer facilities to study and analyse the patterns of use in contemporary English, has developed a new kind of dictionary in the new Collins COBUILD English Language Dictionary. Coverage of over 70,000 references
      123 words
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  • WORLD STOCK MARKETS
    • US stocks close moderately lower in slow trading
      • Article, Illustration
        NEW YORK
        943 9 WALL STREET stocks turned in another lacklustre performance on Thursday, ending with moderate losses on a steep drop in the bond market. While concerns about a possible pullout of Japanese investors worried the credit market, stocks were stifled by a sense of complacency. The Dow closed down 15.99
        943 words
      • Article, Illustration
        LONDON
        817 9 SHARE PRICES fell in a stagnant session on London's Stock Exchange on Thursday. The market lacked direction and any new inspiration to trade. Shares opened on a cautious note on a weak performance earlier in Tokyo. Investors then spent the morning examining a stream of mixed corporate earnings results.
        817 words
      • Article
        FRANKFURT
        183 9 WEST GERMAN shares closed 0.8 per cent higher in lively trade, after the 30share DAX index soared 22.54 points to hit a new high of 1,976.43 early in the session. The DAX ended the day 14.66 points higher at 1,968.55. Dealers said the gains came on high volume buying,
        183 words
      • Article
        MILAN
        111 9 CONTINUED demand for chemicals firms Montedison and Enimont lifted Italian shares at the opening in fair volume yesterday. The MIB index was 0.9 per cent higher at 0930 GMT, with '34 per cent of closing prices fixed. Milan Mar 29 Lir* Ass Gen ***** 250 Bastogi. ...................348.00 +3 Fiat
        111 words
      • Article
        PARIS
        184 9 FRENCH share prices were higher by mid-day yesterday, boosted by soft short term money market rates and firmer bond futures on Matif. The CAC-40 index was 10.58 points higher at 1,957.81 at 1115 GMT. It opened lower at 1,943.20 but quickly turned positive. The market shrugged off Tokyo's sharp
        184 words
      • Article
        ZURICH
        247 9 SWISS shares traded steady with a firmer touch around mid-session yesterday. Trading was quiet and prices edged down from a firmer opening due to some profit-taking. The all-share SP1 index was almost unchanged at 1,077.3 points, while the SMI index of leading shares slipped 1.1 points to 1,638.3. The
        247 words
      • Article
        Untitled
        618 9 Other markets in Europe, South Africa and Canada Amsterdam Mar 29 Fh +A ABN 39.9 -0.2 Aegon 112.1 +0.7 Ahold 127.2 +0.6 Akzo... 130.8 +0.3 Alrenta 153.0 unch AMEV 60.3 +0.3 AMRO 79.5 -0.5 Ass. Stad 47.30 +0.1 BOLS 165.0 -3.5 Borsumy 75.5 -0.2 Buehrman Tetterode 62.9 +0.8 CSM 79.7
        618 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      35 9 Become the No-Sweat Dad! Is your husband nervous at the prospect of hands-on fathering? There are wily ways to 'Turn your Nervous Husband into a Superdad'. The answers are in YOUNG PARENTS magazine, March-May issue.
      35 words
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      Page 9 Advertisements Column 2
      174 9 EACTWABD CO (S) PTE LTD la I UKWpvnMM f*i§ (Mearijm^Vstaatery NOTICK OP FINAL MKRING NOTICE U hereby given that pursuant to Section 308(1) of the Companies Act, Cap. 80, a Oeneral Meeting of the Company will be held at 101, Upper Cross Street #04-33, People's Park Centre, Singapore 0106 on
      174 words
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      Page 9 Advertisements Column 3
      333 9 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SIDHA CORPORATION INTERNATIONAL (PTE)LTD (In Members' Voluntary Liquidation) At an Extraordinary Oeneral Meeting of the Company duly convened and held at 163F Tanglin Road #01-07 Singapore 1024 on the 29* i day of March 1990,
      333 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ finishes firmer on fiscal year-end commercial support
      1245 10 FOREX MARKET REPORTS THE US dollar ended a roller-coaster session firmer in Tokyo yesterday, supported by fiscal year-end commercial demand. It earlier jumped to near 158 yen as Japanese banks, which have to increase US dollar provisions for loan loss reserves, scrambled
      1,245 words
    • Article
      INTERBANK FOREX RATES
      393 10 Cross rates Mar 30 USS SS M$ Dm Yen SFr AS NZS USS 1.8850 2.7275 1.6930 157.30 0.6083 1.4930 1.3280 1.7271 SS 0.5305 1.4469 0.8981 0.8345 0.3227 0.7920 0.7045 0.9152 MS 0.3666 69.11 0.6207 0.5767 0.2230 0.5474 0.4869 0.6332 Djn 0.5907 1.1134 1.6110 92.91 0.3593 0.8819 0.7844
      393 words
    • Article
      MONEY MARKET
      558 10 Interbank rates S$ Bid Offer Overnight 6 3/16 6 5/16 1-montn 6 1/4 6 3/8 2-month 6 5/16 6 7/16 3-monmth 6 5/16 6 7/16 Overnight mode: 6-3/16 US> Bid Offer 7 days 8 1/4 8 3/8 1 month 8 5/16 8 7/16 2 months 8 3/8 8
      558 words
    • Article
      Lock icon Keating seeks one point cut in interest rates
      257 10 Reuter AUSTRALIAN Treasurer Paul Keating said in a statement he will hold early talks with the Reserve Bank in order to effect a one percentage point cut in official and market interest rates. Mr Keating said the latest current account deficit of
      Reuter  -  257 words
    • Article
      Lock icon UK dealers doubt Tokyo's denial
      110 10 Reuter CURRENCY dealers in London still suspect that the Japanese Ministry of FinaOce (MOF) asked Japanese investors to curb purchases of US dollar-denominated assets despite a denial by the ministry earlier on Thursday. However, they said they were sceptical of whether such moral' suasion will
      Reuter  -  110 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1354 10 SIMEX j—MUM Open High Low Sett Est Vol Op/lnt Vol Jun 90 91.33 91.36 91.32 91.35 5217 ***** ***** Sep 90 91.24 91.26 91.23 91.25 1753 4902 2173 Dec 90 91.07 91.09 91.07 91.08 309 2581 189 Mar 91 91.03 91.03 91.01 91.02 127 J73 28
      1,354 words
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  • COMMODITIES
    • Article
      Lock icon Prospects for commodities dim, says Bank Negara
      350 11 AFP BANK Negara, Malaysia's central bank, said on Thursday that prices of natural rubber, palm oil and tin would fall this year by a bigger margin than earlier forecast by the Ministry of Finance. Because commodity prices peaked in 1988 and 1989, the
      AFP  -  350 words
    • Article
      Lock icon Palm oil stocks will not dampen prices: expert
      210 11 AFP A PALM oil expert says Malaysian stocks of one million tonnes of palm oil were normal and should not dampen prices. "There will always be stocks because the oil is moving from the mills to the refiners and to the ports,"
      AFP  -  210 words
    • Article
      Lock icon India close to a first in annual sugar output
      130 11 Reuter INDIA is set to become the first country to pass the 10 million tonne mark in annual sugar production, an Indian Sugar Mills Association (ISMA) official said. ISMA Secretary SL Gupta said his organisation estimated an output of at least
      Reuter  -  130 words
    • Article
      Tin adds another 34 cents on short-covering
      836 11 REPORTS PRICE of tin firmed another 34 sen to M$ 17.78 per kg on the Kuala Lumpur tin market yesterday on merchant short-covering and continued good buying support. Opening bids of 615 tonnes against offers of only 41 tonnes contributed to the price
      836 words
  • Article
    PRICES
    1354 11 Rubber Mar 30 J WS(f»fclwH>»> S cents/kg I Noon Ckwe Inl I RSS Prompt 150.50/151.50N I50.7VI51.75 Int I RSS Apr 90 154.00/154.50N 154.25/154.75 Int I RSS May 155.50/156.00 155.7V 156.25 Int 2 RSS OP I50.7V152.75N 150.7V152.75N Int 3 RSS OP I45.2V147.25N 145.2V147.25N Int 4 RSS OP I41.2VI43.25N 14I.2VI43.25N Int
    1,354 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      16 11 Read Chartpoint, a guide to i investing in the stoek market. Every Saturday in Business Times.
      16 words
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      Page 11 Advertisements Column 2
      249 11 If 1 DO tWllliillw^^B To your principals and business You travel often associates overeeas, onbusinessand it's assuring that want to catch up Singapore is great on your return. for business. The weeKs main The Straits Times issues are condensed Weekly is like a in one issue. oounby report. For other
      249 words
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  • Article
    Lock icon Asean growth likely to slow, says Bank Negara
    398 12 Bernama GROWTH in the Asean economies is expected to slow down sharply to 6.7 per cent this year, in line with an expected moderation in growth in the industrial countries, Bank Negara said. Real gross domestic product (GDP) growth in Asean moderated
    Bernama  -  398 words
  • Article, Illustration
    Lock icon Chavalit named deputy premier, defence minister
    334 12 AFP GENERAL Chavalit| Yongchaiyudh, who resigned on Wednesday as Thailand's army chief and acting armed forces commander-in-chief, was yesterday named deputy premier and defence minister, a government official said in Bangkok. Gen Chavalit, 57, who re-i signed from the top militaiy slot two years
    AFP  -  334 words
  • Article
    Lock icon South Korean deficit widens
    234 12 AP A SLOWDOWN in exports widened South Korea's cur-rent-account deficit to US$329 million in February for the second monthly setback this year, central bank officials said yesterday. Tallies by the Bank of Korea listed the two-month deficit this year as US$646 million, compared with a surplus
    AP  -  234 words
  • Article
    Lock icon KL urged to watch its infrastructure
    199 12 Bernama MALAYSIA must watch out for bottlenecks in its infrastructure if it is to maintain encouraging economic growth rates, according to Professor Fong Chan Onn of Universiti Malaya yesterday. Investors were finding that Malaysia's comparative advantage in infrastructure was eroding, said Prof Fong, who
    Bernama  -  199 words
  • Article, Illustration
    For those who favour the long s-t-r-e-t-c-h
    302 12  -  By Jeffrey Tsang FOR A newly-industrialising nation with a per-capita GNP comparable with some developed countries, there is one symbol of wealth, prestige and power very lacking in this economic miracle of an island Republic: limousines. This will soon be put right, though.
    302 words
  • Article
    Lock icon KL approves four tie-ups with China
    123 12 Bernama MALAYSIA'S Trade and Industry Ministry has approved four joint-venture projects with China involving a paid-up capital of M 510.4 million. Deputy Trade and Industry Minister Datuk Kok Wee Kiat said in Malacca yesterday that so far only one of the four projects had
    Bernama  -  123 words
  • Article
    Lock icon Japan's current account surplus shrinks by 32pc
    386 12 Reuter INCREASED imports helped Japan slash its current account surplus by 32.36 per cent in February, but any further narrowing in the gap hinges on the volatile yen, trade analysts said yesterday. The Finance Ministry reported earlier yesterday that the current account, the
    Reuter  -  386 words
  • LATEST RESULTS
    • Article
      Fuji Offset Plates Manufacturing Ltd
      104 12 POST-TAX PROFIT for the year ended Dec 31, 1989 improved 14 per cent to $3.42 million on a IS per cent rise in turnover of $17.10 million. The company said a 17 per cent improvement in pre-tax profit to $3.52 million was due to increased
      104 words
    • Article
      Material Handling Engineering
      76 12 REGISTERED a 54 per cent fall in after-tax profit to $502,000 ($l.lO million) for the interim period ended Dec 31, 1989. In spite of a 28 per cent increase in turnover to $9.21 million ($7.17 million), tight labour market conditions affected profit, the company said. EPS fell
      76 words
    • Article
      Wah Chang Electro-Plating
      80 12 REPORTED POORER year-end results owing to prevailing high prices of plating materials, rises in labour costs and the loss of some major long-term contracts in the second half of 1989. In spite of a turnover of $10.82 million ($13.10. million), the group reported a pre-tax loss of
      80 words
    • Article
      National Kap Ltd
      94 12 ANNOUNCED a 9.46 per cent rise in group after-tax profit to $1.31 million ($1.19 million) for the year ended Dec 31, 1989. Although pre-tax profit fell 1.61 per oent to $1.33 million ($1.35 million), the group gained an extraordinary item of $564,393 when two buildings were sold.
      94 words
    • Article
      Gold Coin Ltd
      78 12 ACHIEVED a 45 per cent rise in group after-tax profits to $9.62 million for the year ended Dec 31, 1989. The increased profits were attained on a slight improvement in turnover to $559.53 million from $536.72 million for 1988. Earnings per share improved from 16.7 cents to
      78 words
    • Article
      Chuan Hup Holdings Ltd
      56 12 REPORTED a 19.1 per cent rise in port-tax jmfit to $4.51 million ($3.78 million) for the six months ended Dec 31, 1989. The group's turnover rose 22 per cent to $117.34 million ($96.20 million), while pre-tax profit improved to $4.37 million ($3,94 million). EPS was 2.9
      56 words
    • Article
      L & M Group Investments Ltd
      56 12 L M Group Investments Ltd POSTED a 309 per cent rise in profit after ta* and minorities to $868,000 ($212,000) for the six months ended Dec 31, 1989, on an 80 per cent jump in turnover to $50.66 million ($28.19 million). Pre-tax profit climbed 37 per cent to $905,000 ($663,000).
      56 words
    • Article
      Lum Chang Holdings Ltd
      56 12 REPORTED a 45 per cent drop in profit attributable to shareholders of $3.28 million ($5.95 million) on a 28 per cent increase in turnover to $131.79 million ($102.62 mijlion). Pre-tax profit fell 35 per cent to $6.25 million ($9.64 million) and EPS was 2.24 cents (4.31
      56 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      61 12 A Treasury of Alpine Pleasures at Chesa HotelEquatorial.Td: *****31 SWITZERLAND STUDY CENTER "8 *L" Yearly Short Holiday Courses DIPLOMAS LANGUAGE TRAINING: English, French, German etc. PROFESSIONAL TRAINING: MANAGERIAL ASSISTANTS IN BUSINESS AND HOTEL INDUSTRY FULL BOARD, LODGING CARE IN NICE RESIDENCE Details prospectus: STUDY CENTER "S L" CH—lB2O MONTREUX; Av.
      61 words
    • Advertisement
      Page 12 Advertisements Column 2
      10 12 US, Japan in last-ditch talks on trade barriers, Pg 4
      10 words
    • Advertisement
      Page 12 Advertisements Column 3
      291 12 A Sichuan Culinary Heritage at Golden Phoenix Moldtw PhognUr HoW EqMWW.Td: *****31 A L ANA HOTELS SINGAPORE LTD. (Incorporated in the Republic of Singapore) The directors hereby announce the unaudited results of the Company for the year ended 31st December 1989. 1960 IMS _L _L JL 1. (A) TURNOVER 34.493,500
      291 words
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      Page 12 Advertisements Column 4
      4 12 More results, Pg 3
      4 words
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  • Executive Lifestyle
    • Article
      Honey, I shrunk my tummy
      1499 13  -  Hail, the era of the lipo-suckers. No, they're not failed plumbers or lambada dancers; they're people with a bit of money and some flab to spare who will empty their pockets for any surgeon who'll empty their fat stores. Samuel Ee reports on a past-time
      1,499 words
    • STRAWS IN THE WIND
      • Article
        Green shocker
        49 13 JAPANESE food lovers who consume copious amounts of wasabe are in for a rude shock. It may only be horseradish but a restaurant is now charging $2 for every portion of the Incredible Hulk's face powder. And just when you thought you'd discovered a cheap nasal decongestant.
        49 words
      • Article
        Charity on the cheap
        58 13 THE Economist's plans to restructure the magazine include sending surveys to 280,000 subscribers. As a "token of appreciation", each addressee has been given $1, "which you may wish to donate to any charity of your choice". Like most Middle Road "letter writers", you will discover that
        58 words
      • Article
        Net a wit WIT-ty
        35 13 DURING a speech, the president and CEO of Singapore Telecom, Mr Wong Hung Khim, pronounced 12 departments WIT-less. That was one address that probably wasn't meant to be a pep talk.
        35 words
      • Article
        Deadly beauty
        34 13 ONE beauty salon along River Valley Road might have the solution you need to get rid of all those dead cells Ahava cosmetics, "your secret to natural beauty from the Dead Sea".
        34 words
      • Article
        After-dinner treat
        28 13 SOMEONE must have been thinking of Patpong when he named his restaurant in Bangkok "Cabbages and Condoms". Maybe they h«Hd out contraceptives instead of after-dinner mints...
        28 words
    • OPINIONS
      • Article
        A matter of tax and equity
        345 14  -  LETTERS TO THE EDITOR R MA HAVING BEEN a UIC share- 0 holder, I was impressed by its j| quick corporate manoeuvres, particuiarly its property deals. The h Promenade deal, a "one-ofT" transaction, was said to be of e Capital Gain classification. d In
        345 words
      • Article
        The press as friend
        129 14  -  Robin Baiden Gibson Public Relations Yofcß recent articles on the "d«t quote me" syndrome are < relevant to the public rela- < tiow* business in Singapore. i fcavbe we work with some of < thcNjiore enlightened companies, 1 buKSye have little problem in get- I clients
        129 words
      • Article
        Heaven for bid
        96 14  -  B J Fernandes IT a crying shame that the site "of 4Qe Convent of the Holy Infant should be turned (as your wrwr puts it) "into a place of re>jsry for both Singaporeans and toiflasts" if the URA has its way. URA so bereft of ideas should
        96 words
      • Article
        Save our heritage
        64 14  -  William S W Lim William lim Associates SI!<,APORE needs to take acticyo legislate against the demolitiSi of historical buildings by thprivate sector if a lesson can beXrawn from the pulling down of jtiala Lumpur's Eastern Hotel. T N&gh proposed for preservation it was pulled down overnight wAxit
        64 words
      • Article
        Position vacant: only the best need apply
        850 14  -  Is journalism only for people who have nothing better to do? Yong Pow Ang thinks not Yong Pow Ang Yong Pow Ang is a correspondent on the Politics and Economics Desk JOURNALISM is not for the bright and the brightest in Singapore, so
        850 words
      • Article, Illustration
        A threat we can no longer ignore
        861 14  -  Friends of the planet unite, pleads Genevieve Cua, for the enemy within is slowly but surely killing Earth Genevieve Cua Genevieve Cua is a reporter on the Trade and Industry Desk Mother came home one day, wailing that she could not find her
        861 words
      • Article, Illustration
        Let the people have a say in building designs
        816 14  -  Lee Han Shih IT IS TIME for the Urban Redevelopment Authority to be mote open in selecting designs for buildings in Singapore. As the URA is the national body on planning, it is charged with the ta<tk of ensuring that buildings
        816 words
    • REVIEWS
      • Article, Illustration
        Thanks, but no thanks for the memories
        394 15  -  By Jaime Lye SOMEONE ought to thank Oliver Stone for his generosity in sharing his Vietnam War memories with the innocent cinema-going public. At the same time, someone should thank Jack the Ripper for sharing his cutlery with a few prostitutes, even though
        394 words
      • Article, Illustration
        A glasnost pioneer way ahead of his time
        794 15  -  Whang Yee-Ling meets Alexander Askoldov, whose film The Commissar was shown recently at the Singapore International Film Festival Whang Yee-Ling BEFORE Mikhail Gorbachev, there were the Soviet artists, the true pioneers of glasnost who spoke the unorthodox and, thus, the unspeakable. Many
        794 words
    • EPICURE 1
      • Article, Illustration
        Lock icon A dash of realism in recipes
        751 16  -  Quek Swee Peng checks out new menus at two restaurants Quek Swee Peng THERE exists a sneaking suspicion that many menus are nearly always wasted on the gallivanting crowd: the foodhoppers who can't quite remember what they have eaten at what restaurant, the unadventurous
        Punch  -  751 words
      • Article, Illustration
        Variety adds spice to a standard diet
        841 17  -  What can President Bush, and many others like him, savour if they do not want to eat broccoli or any other 'detested' food? Richard Seah comes up with some tasty alternatives Richard Seah Richard Seah is the editor qf The Good Life. The
        841 words
      • Article, Illustration
        Champagne houses face crisis
        392 17  -  Wine By Simon Haydon THE FRENCH champagne industry is close to crisis because vine growers are refusing to supply enough grapes to producers of the famous sparkling wine. Despite negotiations for new contracts, 19,000 private vineyard owners of eastern France have not guaranteed to supply major
        392 words
      • Article, Illustration
        Squeezing both opponents on the same trick
        479 17  -  Bridge By Sybil Hoiloway MR H S HO of Singapore has kindly presented me with today's dad which came up when he was playing in the Global Mixed Pairs Event in Kuala Lumpur last month. Partnered by his wife he held as south:
        479 words
    • PURSUITS
      • Article, Illustration
        The Empress' old clothes
        1152 18  -  Even an old lady needs a new dress, and that's what the restorers of Raffles Hotel have set out to do. In the meantime, Doug Morrison picks through her old wardrobe and pulls out some ageless gems Doug Morrison Somerset Maugham said Raffles Hotel "stood for
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    • SPORTS
      • Article, Illustration
        Old rivalries add spice to HK Sevens
        521 19  -  From A Surendren IN HONGKONG HERE in Sevens heaven, otherwise known as Hongkong, the spirit of the community is getting high. Everyone who knows the littlest thing about rugby is eagerly awaiting the start of the Cathay Pacific Hongkong Bank Invitation Sevens today
        521 words
      • Article
        Caesar's Boy likely to take Crocodile Cup
        518 19  -  ON TRACK by Jerome Fan Jerome Fandor HAVING recently availed myself of the dubious pleasures of Bangkok racing, it is with a certain relief that I return for this weekend's races at Bukit Timah. In Bangkok, jockeys have only rudimentary horsemanship before they
        518 words
      • Article, Illustration
        Lock icon Israeli rallies to score tennis upset
        173 19 AP ISRAEL'S Amos Mansdorf overcame a 3-0 first set deficit and Scott Davis' booming serve to score a second-round upset, 7-6, (7-4), 6-2, at the Volvo Chicago tennis tournament. Mansdorf, who is rated 53rd in the world, beat Davis for the fourth time in
        AP  -  173 words
      • Article, Illustration
        Lock icon Inkster looking for second win
        384 19 AFP JULI INKSTER, playing for the first time since having a baby in February, shot a two-under-par 70 in the opening round of the Dinah Shore Tournament in Rancho Mirage, California, on Thursday and has set her sights on winning back-to-back titles. Inkster, who also
        AFP  -  384 words
      • Article
        Lock icon Pacers beat Kings
        99 19 AP DETLEF SCHREMPF led a fourth-period rally with 14 of his 25 points as the Indiana Pacers beat the Sacramento Kings 111-101 on Thursday night for their fifth consecutive victory. The streak matches the Pacers' longest of the season, a feat they accomplished twice earlier. Sacramento trailed
        AP  -  99 words
      • Article
        Lock icon Spaniard grabs lead before wind takes its toll of golfers
        326 19 AFP LUCKY Miguel Martin took advantage of a relatively calm morning to take the first round lead in the AGF in La Grande Motte, France, on Thursday. The 27-year-old Spaniard handed in a four-under-par 68 before a mistral, the violent
        AFP  -  326 words
      • SIDE LINES
        • Article
          Lock icon Brabham Jr set to join team founded by dad
          83 19 AFP DAVID BRABHAM, youngest of Sir Jack Brabham's three racing driver sons, has agreed to join the Formula One team founded by his father. Brabham, 24, will replace Swiss Gregor Foitek in the Brabham team for the San Marino Grand Prix
          AFP  -  83 words
        • Article
          Lock icon Horgan leads in Houston Open
          109 19 AFP, P H HORGAN fired a six-under-par 66 in The Woodlands, Texas, on Thursday and enjoyed a one-shot lead when rain halted play in the first round of the US$l -million Houston Open. Horgan, who spent three years on the Asian tour before qualifying for
          AFP,  -  109 words
        • Article
          Lock icon Nicklaus' debut postponed
          93 19 AP JACK NICKLAUS' debut on the PGA Senior Tour was pushed back when storms washed out first-round play at the Desert Mountain Tournament in Scottsdale, Arizono. "I had a good warm-up. I was looking forward to playing. I didn't get a chance to," Nicklaus said after play
          AP  -  93 words
        • Article
          Lock icon US prepares for World Cup
          140 19 AP THE United States soccer team will play Malta on May 5 in! Piscataway, New Jersey, and European power Ajax of Am-; sterdam on May 12 in Washington as it prepares for the* World Cup. The US team, in the World Cup for the firsC
          AP  -  140 words
        • Article
          Lock icon Devils scorch Rangers
          111 19 AP SOVIET defender Viacheslav Fetisov scored a goal and set up four others in his best game in the NHL and the New Jersey Devils defeated the New York Rangers 6-4 on Thursday night in East Rutherford, New Jersey, to clinch second place in the Patrick Division.
          AP  -  111 words
      • Article
        Sussex left-hander gets England call
        189 19 DAVID SMITH, the 34-year-old Sussex left-hander, has been called up as cover for England's injured captain Graham Gooch. Smith, who has been on stand-by since late January, will fly out from London today and arrive in time to be considered for the fifth oneday international
        189 words
      • Article
        Lock icon Davis returns to form in Irish Masters
        337 19 AFP WORLD SNOOKER champion Steve Davis underlined his return to form when he reached the semi-finals of the Irish Masters in Goffs, Eire. Davis, who has gone five months since winning his last tournament, won his allEnglish quarter-final with Willie Thome 5-3 on
        AFP  -  337 words
    • EXECUTIVE JOBS
      • Article, Illustration
        Getting the staff that dreams are made on
        556 20  -  Corporations disillusioned with traditional recruitment methods now have a viable alternative, reports Shoeb Kagda Shoeb Kagda JUST AS employers were beginning to shudder at the thought of conducting endless recruitment exercises in the light of a tight labour market, a load consultancy
        556 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        362 20 Barry Arnold, chief of American Express International Travel Related Services (TRS) in Singapore since 1987, has been promoted to a similar regional As vice-president and manager for Asean/South Asia, Mr Arnold will now be responsible for all Amex TRS opera- tions here, Malaysia, Thailand, Indonesia, Brunei, Myanmar,
        362 words
      • Article
        Have I got a job for you?
        123 20 "DO YOU know me?" asks Sony chief Akio Morita coyly in a recent American Express television advertisement. Consumers and the business public immediately identify the Japanese corporate titan and, American Express hopes, make the connection between a "famous personality" and the card you
        123 words
      • Article
        Lock icon Confidence: the other side of meek
        919 20  -  Michael Dixon isn't too sure if recruiters know how to tell the confident man from the confidence man Michael Dixon FT OF COURSE it is," honked the big-company personnel chief the other day. That goes without saying." His tone, and the lip he curled,
        FT  -  919 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article, Illustration
        Put a nickel in the Nickel-Indon
        745 21  -  When listed, PT International Nickel Indonesia will be the only pure resources stock on the Jakarta Stock Exchange. Magdalene Ng hums the earnings tune you may hear on this nickelodeon STOCK Magdalene Ng Fancy a pure nickel play? Then subscribe for the initial public
        745 words
      • Article, Illustration
        Going where prudent investors fear to tread
        441 21  -  By Lim Mui Khi SOME 20 YEARS ago, fund manager Templeton, Galbraith and Hansberger had as much as 60 per cent of its assets in Japan. At that time, the Japanese market was little known and risky, and it produced cheap, shoddy goods.
        441 words
      • Article
        Lock icon The salaryman finds he has little yen for margin calls
        762 21 Confidence hit a new low last week when further declines in stocks prompted selling Reuter Recent plunges in Tokyo share prices have shattered the faith of many Japanese individual investors in their stock market, analysts say. Confidence hit a new
        Reuter  -  762 words
      • DON'T QUOTE ME!
        • Article
          Bad scrip, good scrap
          180 21 DONT throw away your Pan-El or Growth Industrial Holdings shares, and don't use them to line your wastepaper basket If what goes on in England is anything to go by, they may be worth their weight in, er, paper notes one day. A new outfit in
          180 words
        • Article
          Taiwanese dollars talk loudest
          129 21 MONEY talks. And nowadays no money speaks as loudly as that of the Taiwanese. If any proof is needed, just look at Indonesia, which is bending over backwards to attract more xtf the billions the Taiwanese have poured into this region, in Sumatra, for example, the
          129 words
        • Article
          $10,000 breeze for URA
          75 21 THE Urban Redevelopment Authority, which is expecting to rake in $20.4 million from the sale of its Townerville restoration project, has already made a windfall. All 1,000 brochures printed for the sale were taken up yesterday morning, barely hours after the news of the sale was
          75 words
      • Article, Illustration
        Apparent end of downward phase
        164 21  -  CHART By C Dow Mr Dow is an investment manager with a major local publicly-listed company AS the local stock market settles into an apparent sideways consolidation phase, the Gann angles that defined the gradient of the climb from the October 1987 and October 1989
        164 words
      • Article
        Warrants: premiums and gearing
        607 21 Prtcaa (aa at 30.3.90) Converakm tmw E«I*T Amount 0ptoT uetog- Company toeued Wrta Shara Lnatk f.ftiHfr i_ ~"""T" Gearing UU^ (m unlit) Conv Enr Caah Caah' Ln atk 3 TT ratio prtoa vahM I < < t CKTang 16.9 2.370 4.760 1.00 225 -3 £01 31.5.90
        607 words
      • Article, Illustration
        Will G-7 play the same cards again?
        1095 22  -  The mighty greenback came tumbling down after finance ministers and central bankers from the Group of Seven nations met in April and September last year. Will this nappen again when they meet next week in Paris? Financial Editor Alvin Tay shares his view
        1,095 words
      • Article, Illustration
        Lock icon Nervous gold market expected to recover
        582 22  -  Steve Hays examines where gold is heading after a free-fall on Monday which left speculators wondering what went wrong Steve Hays Reuter THE dramatic and sudden fall in gold prices on Monday has left a nervous and jittery market that could go either way,
        Reuter; Source: TeleTrac  -  582 words
      • Article
        A manageable alternative to term loans
        367 22  -  More overdrafts are being taken now, reports Quak Hiang Whai Quak Hiang Whai BANKS have been granting more overdrafts in the past two years. Such loans fell from 1985 to 1987, but picked up slightly in 1988 and rose by $2.8 billion to 15.8
        367 words
    • THE TRAVEL PAGE
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        645 23 CKy FMtW ETA Flight ETP MM OfcaM GA976 0005 GA896 2305 Mllllfr QF81 2105 Ukm» QF16 1820 i Balrate QF5 2230 GA525 1755 1 j /910 1 lll*t T'" 1 B1421 Tloo BI422 1205 5S5L BI302 1525 ~I- BI429 2030 BI430 2125 I juA ili QF62
        645 words
      • Article, Illustration
        Holy island faces mass tourism
        778 23  -  LETTER FROM PATMOS By Stephen Weeks SAINT JOHN'S vision of the Apocalypse took place on the Greek island of Patmos, but he overlooked mass tourism among the forces of impending doom. For centuries Patmos was a sleepy backwater in the eastern Aegean, treasured for its
        778 words
      • Article
        MONEY CHANGER RATES
        152 23 At at Spin yesterday: Local dollars to ooe noil of foreign currency Currencies Bid Offer Australian dollar 1.415 I.42S Canadian dollar 1.595 1.615 NZ dollar 1.083 1.123 Sterling pound 3.083 3.10S US dollar 1.8820 1.8900 Local dollars to 100 raits of foreign currency Austrian schilling 13.60 16.60
        152 words
      • Article
        WORLD TRADE EXHIBITIONS
        113 23 Duration Title Venue ftpwg Td Duration Title Venue Organiser Mar 31- International Ban. Fiera Del (39>8(V206 111. Apr S-S Children's Book Bologna. Ente Autonorno (39)51/*****1 Apr 8 Fair for Leisure. Italy Levante Fair Italy Per Le Fiere Sports, Tourism Di Bologna Apr 3-8 International Helsinki The Finnish
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      CINEMA
      407 24 Always. Tedious love story about the spirit of a dead fire-fighting pilot who goes back to encourage whoever doesn't need his soliloquy. Stars Richard Dreyfuss, Holly Hunter, John Goodman and Audrey Hepburn. Midnight tonight at Lido, Capitol and Changi 1. 11am shows tomorrow at Jade 1 and Changi 3.
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        THEATRE
        74 24 The Stuttgart Ballet The world's most exciting classical ballet company boasting a fabulous array of dancers well known for their technical brillance and subtelty of dramatic expression and sense of humor will perform here. The dancers under their director John CranIco will be performing four items such as troy
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        MUSIC
        166 24 The Weils Cathedral Schoil Chamber Concert The Wells Cathedrel School has a wealth of history which dates as far back as the twelfth century before the Norman Conquest. Initiated as a chorister school, the school has since developed to give specialist music education in addition to the normal academic
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      • Article
        EXHIBITIONS
        352 24 Xu Beihong Art Exhibition Xu Beihong first visited Singapore 50 years ago. In 1940, he was already acknowledged by Asian and European art circles as one of the greatest artists of modern China. When he died in 1953, his home in Beijing was turned into a museum, the only
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        SPECIALS
        128 24  -  Compiled by K Jayanti The Third Singapore Film Festival Much awaited by film buffs, the festival promises to be an artistic treat. About 60 films from over 25 countries will hit the big screens here. In addition, there will be a fringe programme featuring 20 independent, short films from
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      48 13 m,j r f ■raSr H J siooo-sisoo J jfl B9 >j^| K J W l$lOOO^JL5OOJ^^V. v '■■i- *w-* &S IH^^l ■^N^&oui^yy^B Lk. STAGE ONE STAGE TWO I surgeon makes tffA a cannula A SMALL CUT IS INSERTED »TU*WTHROUGHSKIN Hi)"LAYER 1$ THROUGHSKIN TO LAYER OF FAT AND EXCESS FAT
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      153 13 THE LIPOSUCTION OPERATION takes a couple of hours to perform. If more than two litres of fat are to be withdrawn, then a transfusion with autologous blood Is required. It Is a permanent procedure In that once removed, the flat does not return to the particular area which has been
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      Page 13 Advertisements Column 3
      251 13 JBfti CaH USA trwn wy phone, any day, anythm si —222 5544 or 222 M44> HONG LEONB iIHWQIC »wpjw A*ggg HililiW IWriMM FWMHtt UMnP HISTORY IN TIME H if.' *,5? :f- "L v- i*w, Sewton. automatic in !8 ct gold or gold/steel Planetarium Copernicus. individually numbered handmade in 18 ct
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      670 16 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... r6 —I***^ —a-, «*oooTMorrK 1 [11 [N Lfj otwcrwTwieiyww c^J I m I Plaza I HBRSNBik! I |tt ABM •COLOURFUL »IH VI TIHCTI Beadi Road SmgM**« 0719 W *****11 Our deejay will spin numbers
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      202 16 I FRE N The accent is on France this month at the famed Belvedere Lunch Buffet. 67 tonguetwisting and mouth-watering French speciali- B ties await you at our tables. Come and savour. M| French Buffet Lunch 8 Mar 1 31. Noon 2.30pm Adult: $36++, Child below 10: $18++ IB We
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      263 17 AND ENTERTAIN Brunch i Is A Family Affair Every Sunday. Every Sunday, Hubertus Grill becomes the venue for a great Sunday Family outing. A scrumptious buffet spread is laid out for both grown-ups and children. And while you linger over a meal, we'll feature cartoon movies and keep your children
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      73 17 Qm H| Frisco offer the finest continental cuisine with cosy, lp:| friendly ambience. EXCLUSIVE BUSINESS LUNCH 11.00 am to 2.30pm Set Lunch 9 $28.00++ per person (menu changes daily) ROMANTIC DINNER 6.00pm to 10.00pm Candle-light Set Dinner $25.00++ per person HAPPY HOURS 3pm to 10.00pm All alcoholic beverages except wine
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      Page 17 Advertisements Column 3
      277 17 The art of doing business. Fburchettes Business Lunch. 4 At Fouxchettes Grillroom, one of Singapore's finest business lunches awaits. The freshest oysters. Goose Rilkttes and other appetizers. Main courses from the Grill, or Roast US Prime Rib from the Carvery. Accompanied by the most exquisite Desserts, Teas and Coffees. At
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      241 20 DHL IN THE NEWS Advertisement ICTAIICDC' CI IDDTM3T DHL was also the proud recipient of the UUOIUmCnO OUrrUn I firs<-ever National fT Award 1990, presented by the mi* National Computer Board. DHL emerged winner DRIVE DHL TO WIN in the Private Sector from a total of 84 nominations received. DHL
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      51 20 GET THAT SEEKER S GUIDE provides you with comprehensive, practical, step by step guidance on the entire process of job hunting. Features research on the prospective job and employer, r6sum6, letter of application, job interviews, common questions asked and checklist for that big decision. Available at all good bookshops STP
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      Page 20 Advertisements Column 3
      385 20 Steamers Maritime I I ■—g Holdings Ltd I (A member of the Keppet Group) I TELECOMMUNICATIONS DIVISION I Steamers is expanding its Telecommunications Division to provide a wide range of H telecommunication services to the Asia Pacific region. The Company offers immediate H opportunities for the following positions to motivated
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      593 22 Revolving Credit Line At Your *****0 0000 If you have recurring credit needs and find loan principle, except that Credit^ Plus loans have to be applications and waiting for approvals frustra- secured by collateral. This is because the inance ting, Credit Plus may just be right for you. It Companies
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      65 23 ~W ~W A Tht business prt-wn's choke every Tuesday, M I I I f t\ g f A Thursday, Saturday and Sumiby. Leaving Changi I II L\ I I Airport at 2155 hours and arriving at CVHart I I M International Airport the following day. Call your travel agent or
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      106 23 FOR IMPORTERS AND EXPORTERS. SHIPPING TIMES covers all aspects of local and international shipping (except, of course, the really technical aspects). Y The emphasis is on news that is likely to affect the Business Times reader. Covering the latest trends in the shipping markets, we also carry up-to-date news of
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      146 23 28 Deserving an order, otherwise promises to pay saster (2,5) YESTERDAY'S SOLUTION .(11) 8 He might put things in better focus for you (8) Mill IplslslfldMplallM DOWN 14 16 One very close to laMtßi i 1 Not killing one in season you (4,4,9) s[^M o B E 0 s N
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      228 23 Singapore OUTLOOK: Showers over several areas in the afternoon Report for 24 hours prior to 7.30pm on Mar 29 at the airport: Max i t 33J Assoc humidity 42 Min temp 25.1 Assoc humidity -98 Rainfall in mniJZZZZZZL NU Rainfall this mth 94.2 Rainy days this mth 4 Forecast for
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      24 23 A GOOD GRiE-F' I'LL C.OPn£ lpuSS SuNTORM I fbS»T»vei-Y ybOpJy &RCK LKT££ you Ger °N WITVI myy y CVCMMO STAMOAMO CO. LTO., IN2-IMO ia7
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      1500 24 TODAY'S TV mmmmm m itnit 10J9 Sayiag* af a Praphat Caaae Flr», 2.05»-, MTV 1 Baetatage, 9pm, SBC 12 I«.H *WHn How Don Johnson plays a iyi Edncatieaal TV. nam tormented by l^e Oscars 11 JO Naar Ma Oat Oaarl 4 L° v Stay. The uj# gady Watch, to former
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      772 24 MOVIES ON TV BMy lack. Mm, SJOpM, TV 2 power in this thriller. OnforA 1971 film about a tunatdy, it does not improve half-breed Vietnam veteran the cuts he gives his customwho roams the Arizona des- ers. Peter Spelson, Christoert and alternates between pher Carbis and Robin protecting wild mustangs
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