The Business Times, 7 April 1990

Microfilm: NL16971
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend April 7-8 1990 75*
    10 words
  • NEWS & MARKETS SUMMARY
    • Article
      KLSE issues denial
      28 1 THE Kuala Lumpur Stock Exchange general manager Mr Mohamad Salleh Majid yesterday denied market talk that three large stockbroking firms would be suspended from trading.
      28 words
    • Article
      Accord on UAL bid
      44 1 THE BOARD of UAL Corp, the parent company of United Airlines, has reached a tentative agreement to be taken over by its main unions. The board met on Thursday to discuss a US$4.4 billion buyout offer from the three unions.
      44 words
    • Article
      French eyes on Asean
      24 1 FRENCH companies are keen to invest in Asean, and Singapore could become a central part of their plans Page 2
      24 words
    • Article
      Advice to EMS holders
      46 1 UNITED Merchant Bank Ltd has advised shareholders taking a long term view to reject AlH's offer for EMS while those taking a short term view should sell their shares in the stockmarket as long as the price is above $2.48. Page 3
      46 words
    • Article
      HK to remain a hub
      38 1 HONGKONG will remain Asia's financial hub in spite of a crisis of confidence caused by the impending takeover of the British colony by China in 1997, according to analysts and businessmen Page 4
      38 words
    • Article
      Dow Jones lower
      32 1 THE NEW YORK stock market was mixed in early trading yesterday. The Dow Jones average of 30 industrials showed a 2.25-point loss at 2,718.92 after one hour of trading.
      32 words
    • Article
      Footsie lower
      31 1 LONDON share prices were lower at midday yesterday with the FTSE 100-share index down 10.8 points, or 0.5 per cent, at 2,228.7, its low so far for the day.
      31 words
    • Article, Illustration
      STOCK INDICES
      28 1 Friday Change BT-MGA 755.41 -3.64 Kuala Lumpur .2,827.94 Hongkong 2,956.12 -4-76 Tokyo..?. 29,278.78 +1,029.72 Sydney 1,511.4 +7.0 Thursday Change New York 2,721.17 +1.80 London 2,239.5 +7.9
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    • Article
      CURRENCIES
      22 1 Exchange rates US$ s$ 1.8740 Yen (100) SSl.1906 MS SS0.6866 Monty market rates Overnight 6 5/16% +9/16 3-montn 6 3/8 +1/16
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    • Article
      COMMODITIES
      34 1 London Gold PM fix US$377.70 -US$0.70 yporeMay.. !57.00«/kg +0.25 VTsia May 226.50*/kg unch KL Tin Turnover 70 tonnes -10 Spot M$17.80/kg -0.15 Credo point oN futuros Turnover 556 lots -588 April M$664/tonne +1
      34 words
  • Article
    UIC unveils $2.6b all-cash bid for Singland
    574 1  -  By Amy Balan AFTER MONTHS of speculation, acquisitive group United Industrial Corporation yesterday unveiled a $2.6 billion all-cash bid for Singapore Land in what is possibly the largest corporate takeover in the region. Since it first bought a 13 per cent stake in
    574 words
  • Article, Illustration
    'Strong S$ making local Sony suppliers lose out'
    371 1  -  By Walton Morais in PENANG THE STRONG Singapore dollar is pricing out Singa-pore-based suppliers of Sony Electronics (M) Sdn Bhd, managing director Hiroshi Murai said yesterday. Consequently the Pe-nang-based Japanese consumer electronics giant is planning to scale down its dependence on parts
    371 words
  • Article, Illustration
    Water stock nearing critical level, warns BG Lee
    401 1  -  By Martin Soong A DRIZZLE fell outside the 50th storey of the Treasury Building yesterday afternoon, but it was not enough to dampen the urgency of a press briefing held inside by Brigadier-General (Res) Lee Hsien Loong to underline Singapore's rapidly deteriorating
    401 words
  • Article
    Lock icon Indon tycoons pledge shares to co-ops
    359 1 AFP TWENTY-FIVE Indonesian tycoons have pledged US$9l.6 million worth of shares in their companies to the country's small cooperatives in response to a government call to spread their wealth. The pledge was announced by Chamber of Commerce and Industry (Kadin) chairman Sotion Ardjanggi in
    AFP  -  359 words
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      Page 1 Advertisements Column 1
      112 1 Nikon Tb« *brtd'i rin««t Photographic Sy«tom. COVER S'poreans living in ySLaHMHBw Hongkong fcrcraft Schedule EL 11 Commoditw 11 Company New 3 Crypbc Crossword EL 11 Executive lota EL 8 Futures Options 10 Interbank Forex Rates 10 Home Newt 2 KLSE 7 Monty Changer Rates EL 11 Money Manet 10 Reeonai
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      15 1 OPINIONS The Work Permit office: a test of patience. The fate of CHIJ. EL 2
      15 words
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      156 1 PURSUITS Pale ghost romance flp As soon as you selves as connoisseurs, enter The Hour Glass connoisseurs And our customers COL LECTORS I Timeless value from Rolex... and The Hour Glass. m to examine our Rolex It manifests itself as fellow collectors, collection, you will ex- in the time we
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      6 1 A matter of balancing her books
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      12 1 Nikon TtwWbrid'sßnMt PhdogfpMc Sytfwn. JOBS High-flyers in the computer industry. EL 8
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      Page 1 Advertisements Column 6
      25 1 FINANCE Optimism prevails on market. EL 9 Higher housing loan rates come home to roost. EL 10 Thumb-nail sketches of UIC and Singland, Pg 3
      25 words
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Dr Tay: Hard work and enjoyment compatible
        118 2 WORKING FOR excellence while enjoying its fruits is possible, says Dr Tay Eng Soon. Citing friends who excel in what they do and yet manage to take two holidays abroad each year, the senior Minister of State for Education said it was possible
        118 words
      • Article
        Amex QC university
        93 2 AMERICAN Express Travel Related Services Co has set up a 'quality control university' in Singapore which will provide training for all its employees in Asia. In an interview with BT yesterday, Mr Tommaso Zanzotto, the visiting president of Amex TRS-International, said the new quality training unit was
        93 words
      • Article
        Coopers scholarship
        123 2 COOPERS Lybrand kicks off its centenary celebrations this year with the launch of a study-cum-overseas training scholarship for outstanding accountancy students. Up to 10 $5,000 awards will be offered each year to final-year undergraduates. They will undergo a year's training in Singapore before being seconded to a Coopers
        123 words
      • Article
        Trade team ties up loose ends
        95 2 A TRADE MISSION from Scotland has just concluded a one-week stay in Singapore with several contracts in the pipeline. The 14-man team which leaves for home today hopes to sign a contract in the next two weeks worth "a couple of hundred thousand dollars".
        95 words
      • Article
        SDF pledges support
        88 2 THE SKILLS Development Fund will support the efforts of the Institute of Advertising in training, said Mr Mah Bow Tan, the Minister of State for Communications Information and Trade Industry yesterday. Speaking at the launch of the institute, he said that the SDF will help to identify
        88 words
    • Article, Illustration
      French firms keen on Asean
      336 2  -  By Genevieve Cua COMPANIES in France are keen to invest in Asean, and "market-oriented" economies such as Singapore or Malaysia are likely to emerge as vital nodes in their regional plans. Paul Mentre, chairman of the state-owned financial institution Credit National, said many French corporations
      336 words
    • Article
      West German state premier to hold talks with PM Lee
      258 2  -  By Anna Teo THE PRIME MINISTER of the West German state of Baden-Wurttemberg, Dr Lothar Spath, will hold political and economic talks with Prime Minister Lee Kuan Yew and First Deputy Prime Minister Goh Chok Tong during his visit to
      258 words
    • Article, Illustration
      Do's and don'ts with water
      164 2 DONT BE surprised to find most water fountains working no more. It is part of the move to reduce consumption of water, which is becoming more crucial as water stocks fall and rain doesn't. Daily water usage must fall. Otherwise it might even be necessary
      164 words
    • Article
      Deal to stir interest in Penang condo project
      215 2  -  By Suzanne Soh CASHING IN on what looks like growing interest among Singapore manufacturers to invest in Penang, property group West Point Sdn Bhd yesterday launched a condominium complex targeted at Singaporeans. MBf Properties Services (Singapore) has been appointed managing agents for
      215 words
  • SHIPS IN PORT
    • Article
      SINGAPORE
      2053 2 AT CONVENTIONAL WHARVES Vaaaal Voy No B«rth Arrival Departure K»pp«l Wharvas April Gl IOC. 90 KI7 olongud* 0604/ 2100 An' 1 <32 alongiid* 08 04/ 1500 Cont,n*nt I 3/90 <29 olongud* 06 04/ 2300 Kutoi I9WB KI8 olongud* 07 04/ 1500 Lompung ***** <33 olong*d* 06 04/ 2300 Maksim
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    • Article
      MALAYSIA
      213 2 Port Klang South Port Stainless Leader berth 1; Bum Han berth 2; Berjasa berth 3; Pernas Safari berth 7A; Stolt Cedarwood berth ECT KCT: Maenam Bridge berth 8; Saudi Abha berth 9; Swadaya berth 10 North Port Lu Feng berth 11; Alam Tenaga berth 12; Edo Maru berth 13;
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  • COMPANY NEWS
    • Article, Illustration
      MARKET SUMMARY
      541 3 Other indices Close Previous Net change Apr 6 Apr 5 BT Composite 1296.73 1304.20 -7.47 BT-MGA 755.41 759.05 -3.64 ST Industrials 1508.30 1528.37 -20.07 BT OB/OS -521 -407 -114 BT CADI -5896 -5829 -67 BT 10-day MA -5565 -5513 -52 BTOBV +*****31 +*****71 -***** ST Finance 2567.62 2569.21
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    • Article
      EMS minority holders advised to reject Indon group's offer
      417 3  -  By William Chia MINORITY shareholders and directors of Electro-Mag-netic (S) Ltd (EMS) have been advised to reject the general offer made by Indo-nesian-backed Asian Investment Holdings (AIH) for all the shares it does not own at $2.48 cash a share. United
      417 words
    • Article
      Lock icon Sungei Besi Mines to buy 26.7pc stake in Tradewinds (M)
      302 3 NST SUNGEI BESI Mines Malaysia Bhd (SBM) has proposed to acquire a 26.7 per cent stake representing 37.4 million shares in Tradewinds (M) Bhd from Perbadanan Nasional Bhd for M$ 149.6 million. The purchase consideration will be satisfied by the
      NST  -  302 words
    • Article
      Lock icon New Zealand Telecom up for fast sale
      268 3 AFP THE New Zealand government has decided to sell a 49.9 per cent share in stateowned Telecom Corporation worth NZ$l.5 billion to a single international buyer by July. The remainder of the shares in Telecom until last year the monopoly provider of telephone
      AFP  -  268 words
    • Article
      UIC: affirming its place in the big league
      411 3  -  By Magdalene Ng UNITED Industrial Corporation (UIC) has struck again this time at premier property group Singapore Land. Overnight, UIC has affirmed its place in the big league and put a new sparkle into an otherwise lethargic stock market. Brokers could talk
      411 words
    • Article
      Lock icon MBf Holdings to float leasing companies
      544 3 NST MBf HOLDINGS Bhd plans to float its two leasing companies MBf Leasing Sdn Bhd and Indonesia-based PT Sejahtera MBf Leasing this year. According to an industry' source, MBf Leasing Sdn Bhd, which has an issued and paid-up capital of Mslo million, is expected
      NST  -  544 words
    • Article
      Lock icon Goodman reveals indirect stake in Harlin
      292 3 Reuter GOODMAN Fielder Wattie Ltd has revealed it bought an indirect interest in Harlin Holdings Pty Ltd, the private company controlled by Elders IXL Ltd executives which has 55 per cent of Elders. Goodman Fielder said in response to a query from the Australian
      Reuter  -  292 words
    • Article, Illustration
      ICI to invest M$100m in plant
      399 3 THE ICI GROUP of companies (ICI) in Malaysia is investing a total of Msloo million to build a chlor-alkali complex at the Pasir Gudang estate in Johor. Chairman Robert Houston said the plant, to be built next month, is expected to become operational in
      399 words
    • Article
      SingLand: a premier property group
      430 3  -  BT looks at the newsmakers in yesterday's $2.7 billion takeover story By Conrad Raj SINGAPORE LAND is the Republic's premier property company owning some of the choicest pieces of real estate, including Shell Tower and Clifford Centre in Raffles Place and The Gateway in Beach
      430 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon World's largest opal for sale
        90 4 AFP A SYNDICATE of Australian miners said on Thursday it had found the world's largest opal rock and gem-quality opal and was negotiating their sale with US Tycoon Donald Trump, singer-composer John Lennon's widow Yoko Ono and the Sultan of Brunei. Syndicate spokesman John Wood
        AFP  -  90 words
      • Article
        Lock icon Export guarantees for China
        93 4 AFP WEST GERMANY will resume its guarantees for exports to China on a case-by-case basis, the Secretary of State for Economic Cooperation said on Thursday. Speaking before a meeting of a West German industrialists' association in Cologne, Siegfried Lengl said the resumption of some so-called Hermes
        AFP  -  93 words
      • Article
        Lock icon Jakarta considers Rangoon link
        102 4 AFP INDONESIA is considering a Burmese request to open an air link to Rangoon for flag carrier Garuda Indonesia, the official Antara news agency reported on Friday. The offer was made by visiting Burmese Transport and Communication Minister Lieutenant Tin Tun in Jakarta last Saturday when
        AFP  -  102 words
      • Article
        Lock icon Swedes curb Asian underwear
        49 4 AP ASIAN-MADE textiles are flooding into Sweden, prompting the government to slap curbs on underpants and brassieres, Swedish officials said Thursday. Lingerie is the subject ot a debate in Parliament, with critics arguing that restrictions on underwear are undermining the government's liberalised trade policies. AP
        AP  -  49 words
    • Article
      Lock icon HK will keep its key money hub status: analysts
      451 4 AFP HONGKONG will retain its place as a key financial hub in Asia despite a confidence crisis caused by China's scheduled takeover of the British colony in 1997, business figures and analysts in Hongkong say. Cited as supporting factors are Hongkong's
      AFP  -  451 words
    • Article
      Lock icon Malaysian banker qualifies growth forecast
      173 4 AFP A MALAYSIAN banker said on Thursday that the central bank's forecast of 8 J per cent economic growth this year could be achieved only if exports are stepped up. "We have the capacity to achieve 8.3 per cent but we cannot take it for
      AFP  -  173 words
    • Article
      Lock icon US companies plan to boost spending abroad
      306 4 AP AMERICAN companies plan to boost their overseas capital spending by 13 per cent this year, up substantially from a 2 per cent increase reported six months ago, the government said on Thursday. The Commerce Department said a survey conducted in December showed
      AP  -  306 words
    • Article, Illustration
      Mark of protest in East Berlin
      42 4 SOME 100,000 demonstrators took to the streets in East Berlin on Thursday to protest against an exchange rate of 1 to 1 for the East German mark and against the dismantling of socialism in East Germany.
      42 words
    • Article
      Lock icon Philippine bases talks set for May 14
      148 4 AFP LONG-DELAYED bilateral negotiations on the US bases in the Philippines will start on May 14, but the question on their future will be skirted. Philippine Foreign Secretary Raul Manglapus said yesterday. Talks on Clark Air Base and Subic Naval Base, the two
      AFP  -  148 words
    • Article
      Lock icon Defence dept may reduce TV research
      242 4 NYT THE US Defence Department has quietly proposed diverting US$2O million of the US$3O million intended for research on high-defini-tion television. This technology has become a symbol in the debate over how the United States can best compete with the Japanese. The department's under
      NYT  -  242 words
    • Article
      Lock icon E Europeans close to signing free enterprise pact
      283 4 Reuter THE Soviet Union and its allies look set to sign an international pact committing them to free enterprise and far-reaching economic reform, delegates to an EastWest economic conference said on Thursday. They said a final document nearing completion at the 35-nation
      Reuter  -  283 words
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      135 4 Vjl i w Hr |f If banks don't take their customers into account, someone else will. This week's survey in The Economist reports have a significant role to play? on a quiet revolution in banking. The Economist survey takes a long, hard Customer rights now include the right look at
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Share prices slip farther despite Tokyo's gain
      4316 5  -  By Lim Mui Khi IN SPITE OF a higher close in Tokyo, stocks in Singapore again came under selling pressure yesterday. Prices fell steadily throughout the day and the Straits Times Industrials Index finished 20.07 points lower to 1,508.30. The weighted, all-sector Business
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  • STOCK EXCHANGE OF SINGAPORE 2
    • Article
      Lack of interest temporary, say analysts
      3561 6  -  By Lim Mui Khi INTEREST IN the over-the-counter market for mainly Malaysian shares remained weak yesterday. But dealers and analysts believe that the situation is temporary. Although both the main board and Gob International were under selling pressure, Malaysian stocks were more badly affected.
      3,561 words
  • Article
    BONDS, LOANS AND WARRANTS INFORMATION SERVICE
    853 6 -I' ll; ii II ni'Mi DPinr ">»»> w* ||P" I' >, m (ompanv Expiry/ Coapoa Coiimiaa period Interest Conmioa tenn far one ordinary maturity payable share date C—«wiy Lav ]994 6 Dec 31 Cjuwway Nt 1994 Oct 2, 1989 to Oct 20, 1994 1
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks continue to slide
      3392 7 MBT IN SPITE OF the 1,028-point rebound on the Tokyo bourse, share prices on the Kuala Lumpur stock market finished broadly lower for the third consecutive session yesterday as profit-taking wiped out early gains in thin trading. Dealers noted that market operators were initially encouraged by
      MBT  -  3,392 words
  • Article
    BT SHARE INFORMATION SERVICE
    2004 7 DIVIDENDS ANNOUNCED CwTMt Ex Books Date Total for Total for payMftt date doso payable tho year last year fcntafc En» 6%TE(I) Apr 11 Apr 17 Apr 28 6%TE 6*TE Anno 15*TE Feb 28 Mar 12 May 15 25%TE 25*TE MI 90.9%(n) Apr 6 Apr 19 May
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  • REGIONAL STOCK MARKETS
    • Nikkei chalks up fourth largest one-day gain
      • Article, Illustration
        HONGKONG
        1088 8 PROFIT-TAKING centring on blue chips brought Hongkong's Hang Seng Index off late morning highs to close slightly lower in lacklustre trade yesterday, brokers said. "There's no news around. Many investors were reluctant to take a position now the anniversary season is upon us, but they were using that as
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      • Article
        TOKYO
        843 8 ACTIVE institutional buying of domestic issues and bursts of futures-relat-ed buy programs shot the key Nikkei index well over 29,000 by the yesterday's close. "The market got too cheap," said Seiichiro Nakagawa, portfolio manager at BOT Asset Management. "In the short term the market will rise, but new selling
        843 words
      • Article
        SYDNEY
        611 8 Australia's sharemarket closed firmer in lethargic trade with a strong Japanese market providing the only real impetus locally, brokers said. The All Ordinaries Index finished 7 points up at 1,511.4, but off its high at 1,515.2. "Its been a very quiet day. The Nikkei offered some stability but locally
        611 words
      • Article
        TAIPEI
        383 8 TAIWAN stocks fell sharply as investors lost confidence when the heavily weighted financial sector lost more than five pet, dealers said. The weighted index fell 466.42 points to end at 10,440.67. The financial sector lost 5.32 pet. Turnover was NTS 107.8 billion against 108.5 billion on Wednesday. "Basically there
        383 words
      • Article
        SEOUL
        181 8 SEOUL stocks reclaimed morning losses to close higher for the day, brokers said. The composite index ended 2.75 points up at 831.73, against a morning fall to 820.11. Turnover was 241.3 billion won against 347.4 billion on Wednesday. Thursday was public holiday. Brokers attributed the early fall to disappointment
        181 words
      • Article
        MANILA
        109 8 PHILIPPINE shares were mostly steady yesterday, but some issues pulled the overall price index lower in lackadaisical trade ahead of a long holiday, brokers said. The Manila Stock Exchange composite index eased 4.15 points to close at 1,087.55. The market takes a break during the weekend until Monday, a
        109 words
      • Article
        JAKARTA
        90 8 THE Jakarta stock exchange index yesterday fell to 641.27 from Thursday's 654.51, as turnover rose to 1.55 million shares from 1.31 million, the exchange said. Astra International dominated trading at 871,800 shares. But selling pressure sent the blue-chip down sharply to 25,000 rupiah from an officially corrected 28,000. "Generally
        90 words
      • Article
        Untitled
        156 8 Bangkok H h Ruam Pattana 19.50 -0.25 Apr5 B ht SahaPathana American Standard Interholding 163 -I Ao KJiam Thai Saha Pathanapibul 125 -I Ayudhya Investment 65 -2 Saha Union 300 -20 Bangkok Agro-lnd 61.50 -1.5 Siam Cement 6126 -100 Bangkok Bank 279 2 Siam City Cement 205 -2 Bank of
        156 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      47 8 m j- wt A A*-# Am*-/ MARKET In a tremendously competitive business where ignorance means you're out and where "market intelligence" is always a welcome edge. ADVERTISING MARKETING covers a vital sector of the economy comprising the country's communications muscle. Every Thursday ADVERTISING MARKETING .A APRIL 1990
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  • WORLD STOCK MARKETS
    • Dow closes narrowly mixed in moderate trade
      • Article, Illustration
        NEW YORK
        740 9 US STOCKS closed narrowly mixed on Thursday, after scoring some modest gains during the trading session. Investors waited for yesterday's US unemployment report, which they hoped would provide a clearer reading of the economy's health. The Dow Jones industrial average closed with a gain of 1.80 at 2721.17,
        740 words
      • Article, Illustration
        LONDON
        807 9 LONDON shares reached the midsession steady at the lower levels reached in early trading yesterday, with the market cautiously awaiting the Wall Street opening. Dealers said that brisk trade in Argos, demerged from BAT and traded for the first time yesterday, and a raid by P&O on bid target
        807 words
      • Article
        PARIS
        137 9 PARIS share prices surged to new highs by midday yesterday with dealers euphoric over the outlook for the French economy and industry, dealers said. The CAC-40 index broke through its previous high and was up 45.75 points, or 2.26 per cent, at 2,073.81 by 1000 GMT. The index has
        137 words
      • Article
        AMSTERDAM
        265 9 DUTCH stock prices started steady in quiet end-of-week trading yesterday underpinned by interest rate softness and Tokyo's stable performance, dealers said. Stock of yeast maker Gist-Bro-cades started 0.10 guilder lower at 31.70 but soon rose to 32.1, adding to gains this week amid speculation of a takeover of the
        265 words
      • Article
        FRANKFURT
        144 9 WEST German shares closed 0.5 per cent lower yesterday, after prices looked set to challenge record levels early in the session. The DAX index of 30 leading shares slipped 10.55 points to close at 1,947.84. Earlier, the DAX had risen as high as 1,974.52, just two points below the
        144 words
      • Article
        MILAN
        147 9 DEMAND for car maker Fiat, which said on Thursday it was in preliminary talks about a possible joint venture in Iran, helped lift Italian shares at the opening in active trading, brokers said. The MIB index was 0.6 per cent higher at 0930 GMT, with 48 per cent of
        147 words
      • Article
        ZURICH
        286 9 SWISS shares traded firm but below highs in lively trade at yesterday's midsession. Dealers said sentiment was helped by the strong recovery in Tokyo stocks but some profit-taking set in after a higher opening. The All-Share SPI index stood at 1,080.2, its lowest level for the day so far
        286 words
      • Article
        Untitled
        479 9 Brussels Apr 5 Francs FORWARD MARKET Acec 4700 70 Arbed 540 -4640 Astur 1468 4 Brascan 720 +4 Canpac Cock 205 -1 De Beers 744 +16 Ebes 4280 +30 Gb-Inno-Bm 1290 +4 Gevaert 8470 -30 Gr Bru Lamb 3975 -5 Hobok Petro ***** -50 Ryl Dutch 2670 -5 Sidro 1740
        479 words
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      Page 9 Advertisements Column 1
      90 9 JL %ijjr JWL JL JEVJC^w# SHIPPING TIMES covers all aspects of local and international shipping (except, of course, the really technical aspects). 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
      90 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ closes mixed with markets watching G-7 meeting closely
      1227 10 FOREX MARKET REPORTS THE US dollar yesterday closed mixed against major world currencies during Asian trading hours with markets glued to today's Group of Seven (G-7) meeting and the US-Japan trade agreement. The US dollar initially declined on news of a
      1,227 words
    • Article
      INTERBANK FOREX RATES
      400 10 Cross rates Apr < USS S$ MS Dm Yen SFr AS NZS USS 1.8740 2.7275 1.6930 156.90 0.6083 ***** 1.3046 1.7271 SX 0.5336 1.4554 0.9034 0.8372 0.3246 0.7983 0.6962 0.9216 MS 0.3666 68.71 0.6207 0.5753 0.2230 0.5485 0.4783 0.6332 Dm 0.5907 1.1069 1.6110 92.68 0.3593 0.8836 0.7706
      400 words
    • Article
      MONEY MARKET
      573 10 Interbank rates S$ Bid Offer Overnight 6 5/16 6 7/16 1-month 6 1/4 6 3/8 2-month 6 5/16 6 7/16 3-month 6 3/8 6 1/2 Overnight mode: 6-3/8 ISS Bid Offer 7 davs 8 5/16 8 7/16 1 month 8 5/16 8 7/16 2 months 8 3/8 8
      573 words
    • Article
      Lock icon UK bank chief backs high rates policy
      308 10 AP ROBIN Leigh-Pemberton, governor of the Bank of England, said Prime Minister Margaret Thatcher's Conservative government is on course to beat inflation with its policy of high interest rates. But an opinion poll showed support for the Tones among British voters at its
      AP  -  308 words
    • Article
      Lock icon Fall in base rate forecast
      120 10 AFP BASE RATE should start to drop this summer, from the present 15 per cent down to 13 per cent by Christmas, and then to 10.5 per cent at the end of next year, National Westminister chief economist David Kern said. While not ruling out
      AFP  -  120 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1434 10 SIMEX EUHOOOUAH Open High Low Sett Est Vol Op/Int Vol Jun 90 91.45 9L45 91.43 91 43 7499 ***** ***** Sep 90 91.33 91.34 91.32 91.33 1556 5226 4905 Dec 90 91.13 91.13 91.12 91.13 396 2660 991 Mar 91 91.03 9104 91.02 91.03 171 474
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  • COMMODITIES
    • Article
      Lock icon Indonesia to boost tea production, expand markets
      294 11 Reuter INDONESIA, which expects demand for its tea to rise because of political turmoil in major producer Sri Lanka, plans to increase production and expand its markets, Agriculture Minister Wardoyo said. "The tea price is very good currently at around US$2.5O a kg
      Reuter  -  294 words
    • Article
      Iraq asks Japanese firms to finance crude oil output
      261 11 IRAQ has asked Japanese oil companies and refiners to finance the development of oil fields to raise crude oil production capacity, Iraqi Oil Minister Issam Abdul-Rahim al Chalabi said. Iraq also wants to increase oil exports to Japan, he said, adding
      261 words
    • Article
      Malaysia urged to join cocoa body
      114 11 GHANA urged Malaysia on Wednesday to join the Cocoa Producers Alliance (CPA) and the International Cocoa Organisation (Icco) to help producers strengthen their bargaining position. The chief executive of the Ghana Cocoa Board, David Aninakwah, told a sevenmember Malaysian delegation that it is urgent
      114 words
    • Article
      Gold ends at day's high on heavy short-covering
      812 11 REPORTS Hongkong: Gold was boosted to close at its day's high on heavy Swiss shortcovering which stimulated nervous late trading. Bullion ended at U*****.90/U*****.40 an ounce against New York's U*****.00/50 and an early U*****.20/70. A US$375 to US$3BO range is expected in
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  • Article
    PRICES
    1392 11 Rubber A P r6 S cents/kg Noon Close Int 1 RSS Prompt 153.75/154.75N 154.0CV155.00 Int 1 RSS May 90 156.75/157.25 157 00/157.50 Int 1 RSS June 158.00/158.50 158.25/158.75 Int 2 RSS OP I5I.50V153.50N 151.75/I53.75N Int 3 RSS OP 146.00/148.00N I46.25/I48.25N Int 4 RSS OP 142.00/144.00N 142.25/144.25N Int 5 RSS
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      15 11 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words
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      266 11 GOT PROBLEMS? Soup too salty Mouse in the house Car won't go Ketchup won't flow Solve them with HOUSEHOLD HINTS HANDY TIPS $l§ <iso- There's ONE I plaee to tind all the I answers you need I when things go wrong. I When household mishaps occur, you I waht fast
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      572 11 NOTICES WTHE MATTER OF THE~ COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF ROMIT SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At en Extraordinary Ganaral Mealing of lha member# of the abovenemed Company duly convened and held at 16, Raffia* Quay #10-01, Hong Leong Building, Singapore
      572 words
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  • Article
    Lock icon Bush team lauds new US-Japan agreement
    453 12 Agencies THE Bush administration hailed a new agreement to open the Japanese market to US goods, but it was unclear by how much or how quickly it would help slash America's huge US$5O billion trade deficit with Japan. US negotiators on Thursday night announced
    Agencies  -  453 words
  • Article
    Lock icon Tokyo agrees to reform six key trade practices
    371 12 Reuter JAPAN has agreed in an interim trade report to reform six key trade and business practices that the US said blocked American exports and contributed to the huge US trade deficit with Japan. American Under-Secre-tary of State Richard McCormack named the
    Reuter  -  371 words
  • Article
    Stanchart places Miniscribe under receivership
    378 12  -  By Conrad Raj COMPUTER disk drive manufacturer Miniscribe Peripherals has been placed under receivership by its main lender, Standard Chartered Bank. Auditors Peter Chi, Bobby Chin and Michael Ng from the international audit firm of Peat Marwick were appointed as receivers of the company located
    378 words
  • Article, Illustration
    An empty kind of feeling, a crisis of confidence
    76 12 TWO EMPTY STORES in a row in Hongkong's Wanchai district is not an unusual sight anymore. Stores remain closed for up to six months sometimes before a new owner takes over. Analysts say, however, that Hongkong will retain its place as
    76 words
  • Article
    BG Lee leading mission to Taiwan, S Korea and Japan
    278 12 THE MINISTER for Trade and Industry, Brigadier-Gen-eral (Res) Lee Hsien Loong, is leading a mission to Taiwan, South Korea and Japan starting tomorrow. He will be accompanied by senior officials of his ministry, the Economic Development Board (EDB) and the
    278 words
  • Article
    Lock icon Environment's top woes stem from US: expert
    320 12 AP THE CRUX of the world's population problem is not in the Third World, but in the United States, where "there are too many rich people," says population expert Paul Ehrlich. Because of heavy consumption of goods and wasteful use of resources, the
    AP  -  320 words
  • Article
    Lock icon CEOs' greatest threat
    135 12 AP MORE THAN three-quarters of chief executive officers of US companies contacted in a survey said their greatest competitive threat comes from other domestic companies, not foreign businesses. About 70 per cent of the more than 1,100 CEOs polled on behalf of Continental Bank of Chicago also
    AP  -  135 words
  • Article
    Lock icon Bangkok pips Jakarta in luring Japanese investments
    320 12 Bernama THE Tokyo-based Asean Promotion Centre (APQ on trade, investment and tourism says Thailand replaced Indonesia as the most attractive country in the region for Japanese direct investments in 1988. A report of its survey on Japanese potential investors to Asean countries says
    Bernama  -  320 words
  • Article
    Lock icon JB submits plans for improvements
    253 12 Bernama THE JOHOR government has submitted a proposal to the prime minister's department for major improvements such as wider highways, flyovers, a bigger Causeway, better telecommunications, power and water supply in the state. Johor Menteri Besar Tan Sri Muhyiddin Yassin said the proposal was submitted
    Bernama  -  253 words
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      80 12 Fresh delights at Kampachi r^TTiKAMPACWr 9 |,|kNll>t K<NUU>.MI< Lpvd 6 UIC Building Shenkm Way Trf 222 4615 EASTERN EUROPE: A MARKET IS BORN! You need contacts in Eastern Europe. Especially East Germany, Poland, Czechoslovakia, Hungary, USSR, Jugoslavia. We offer: Competence in sales promotion, contact promotion, trade fairs, conferences, advertising... Multilingual
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  • Executive Lifestyles
    • STRAWS IN THE WIND
      • Article
        Censured questions
        51 13 ITs census time. If you don't relish the idea of furnishing personal particulars like age, income and lifestyle habits, imagine the kind of questions American families in 1890 had to endure. One example: "Are there any idiots in the family, and are their heads larger or smaller than
        51 words
      • Article
        Modesty blaze
        70 13 THERE'S Modesty Blaise, the cartoon character. But there's also modesty blaze, a tragic reality. Apparently, a fire in a large store in Japan in 1933 had a great influence on the women's acceptance of underwear. Traditionally, they don't wear any. Which accounted for the deaths of many girls
        70 words
      • Article
        Skeletal company
        57 13 SOME people like to hang funny things in their vehicles. Seen the other day was something not-so-funny clinging to the rear windscreen of a company van. It was a skeleton fake we hope right above the company's name and logo, with the words: "Established since 1935." Perhaps the
        57 words
      • Article
        Trees on demand
        42 13 THIS one is for the failed gardener. Spotted in the March 30 issue of the government gazette: Supply, delivery and planting of "instant" Rose of India Trees and Rain Trees at Fullerton Square, Empress Place and Esplanade Park, S'pore.
        42 words
    • Article, Illustration
      In a class of their own
      626 13  -  You can spot a Singaporean expat in Hongkong a mile away. Neither Occidental nor Oriental with a Cantonese twang, they're the ones who, for personal or career reasons, found themselves in Hongkong and wound up staying not so much for a love of the
      626 words
    • Article
      The lawyer
      214 13 LILY LEE stands 1.78 metres in her stockinged feet. She wears her hair in a short crop, with four rings on her fingers and a double gold chain around her neck. Some may think she looks unconventional for a lawyer, let alone a partner of a major law
      214 words
    • OPINIONS
      • Article, Illustration
        Life should be maid so simple
        1070 14  -  Been to the Work Permit office lately? It's a test of patience, sighs Margaret Thomas Margaret Thomas Margaret Thomas is BT's Day Editor Remember what government offices used to be like? You know, those poorlymaintained premises cooled by creaking fans, equipped with ugly wooden
        1,070 words
      • Article
        Chess federation does lend a helping hand
        211 14  -  LETTER TO THE EDITOR Ignatius Leong Hon General Secretary, Singapore Chess Federation I REFER TO the article "Check! It's your move, Singapore Inc" published in BT, Feb 24-25. The Singapore Chess Federation has a policy of selecting national representatives for specific international tournaments
        211 words
      • Article
        The Japanese circle — no entry to foreigners
        630 14  - The Japanese circle no entry to foreigners Quak Hiang Whai Quak Man# Whai is a reporter on the Banking Financial Desk IN MY MANY MEETINGS with senior foreign bankers, one of my favourite questions to them is: "How do you break down the Japanese barrierT No, it is not trade
        630 words
      • Article, Illustration
        Convents can be put to better use
        740 14  -  Lee Han Shih questions the decision of the authorities to put the convent in Victoria Street up for auction Lee Han Shih Lee Han Shih is BT's Property Correspondent JUST HOW MUCH do we, Singaporeans, value our historical buildings? Do we treasure them
        740 words
    • PURSUITS 1
      • Article, Illustration
        In a class of their own
        810 15 DR ALBERT LIM can be considered the doyen of the Singapore community, being once an active member of the Singapore Association and pioneer of its weekly Friday lunch gatherings at the Bankers Club. The 49-year-old physician has held three separate passports since the day
        810 words
      • Article, Illustration
        Ghostly romance that's plain awful
        565 15  -  Romance, fighting fires and supernatural advisers. How do they fit? Samuel Ee finds out in Spielberg's latest movie Samuel Ee YOU KNOW the kind of dumb things people do even when they know it's stupid? Steven Spielberg must have done a lot of that when
        565 words
      • Article, Illustration
        A different drum beat
        810 15  -  CD REVIEWS By Roger Loh MIDNIGHT OIL: Blue Sky Mining (CBS) Just when you think you've got Midnight Oil figured out they do an aboutturn and come out pounding to the beat of a different drum. From a political point of view, Blue Sky Mining is
        810 words
      • Article, Illustration
        Balancing her books
        919 18  -  Does being an entrepreneur mean ridiculous working hours, cash-rich competitors and neglected families? Not all the time, as A Surendren finds out from this year's female winner of the Endec (Entrepreneurship Development Centre) Entrepreneurship Excellence Award A Surendren IF DOREEN LIU hadn't found life as a Telecom
        919 words
      • Article, Illustration
        My day, my night, my business
        489 18  -  By Samuel Ee SOMETHING reminded me very much of the lime freeze the old Magnolia Snack Bar used to serve Paloma Picasso's short green dress. It was snappy, chic, and it came with elegant peach-coloured heels. But somehow, I doubt if Ms Picasso is
        489 words
      • Article, Illustration
        A success as dazzling as its special effects
        835 18  -  By Whang Yee Ling A SPARKLING DeLorean swooshes across a mid-air freeway... flesh-and-blood Bob Hoskins tussles with a pen-and-ink bunny... giant Pseudopods. tentacles aglow, shimmies through the Caribbean... Reality bends to fantasy at the push of a button. And such is the
        835 words
    • EPICURE 1
      • Article
        Dried delicacies from the seabed
        311 16  -  Quek Swee Peng samples Pine Court's seafood specialties Quek Swee Peng The concoction of just eight seafood specialties could hardly be coincidental. Executive chef Ng Chi Fung probably planned it around this auspicious number. We didn't, however, taste all eight specialties. Five selected items, plus
        311 words
      • Article, Illustration
        Coffee, tea or cheese?
        284 16  -  Spurning his usual mousetrap, Samuel Ee scurries downtown to check out a cheeseboard instead Samuel Ee Rounding off your meal with anything other than dessert might sound alien to most Asians. But with some occidental influence, you might consider what most Europeans usually do the cheeseboard.
        284 words
      • Article, Illustration
        The dangers of relying on 'no evidence'
        932 17  -  Richard Seah questions the wisdom of the scientific approach to evidence Richard Seah The writer is editor of The Good Life, a health magazine. The views expressed in this column are personal. JUST AS some people were beginning to wonder if the drought
        932 words
      • Article, Illustration
        Sassicaia — an Italian nobleman's dream come true
        837 17  - Sassicaia an Italian nobleman's dream come true WINE By N K Yong O NCE upon a time, more than 50 years ago, an Italian nobleman dreamed of making a truly "noble" wine, one which would rival the finest of Bordeaux. So he experimented with different French grape varieties on the
        837 words
      • Article, Illustration
        The disappearing trump trick
        414 17  -  BRIDGE By Sybil Holloway THE SMOTHER play is a rare end position that permits the capture of a defender's virtually certain trump winner. This type of manoeuvre is demonstrated in the Bridge Players Encyclopedia with the following example: North/south have reached the contract of six spades
        414 words
    • SPORTS
      • Article
        My bet rides with Brazen Gambler
        457 19  -  0N TRACK By Jerome Fandor TOMORROW'S Bukit Sprint Stakes (Race 5) for Class 2 horses over the 1400 m long course promises to be a cracker of a race. There are six last start winners in this 14 horse field and numerous in-form horses.
        457 words
      • Article, Illustration
        Lock icon Rookies leave pros way behind
        529 19 AP THE LONGSHOTS left the legends behind at Augusta National on the first day of the Masters golf tournament. Mike Donald led a rookie rampage on Thursday that dominated the 54th Masters, while golfs more storied names found all the trouble the first timers didn't
        AP  -  529 words
      • Article
        Lock icon Pistons bring Hawks down to earth
        478 19 AP MARK AGUIRRE came off the bench to score 25 points and Isiah Thomas hit four free throws in the final 31 seconds as the Detroit Pistons broke a four-game road losing streak with a 104-99 victory over the Atlanta Hawks Thursday night. Dennis
        AP  -  478 words
      • SIDE LINES
        • Article
          Lock icon Blueprint for united German sports system
          158 19 AP TOP SPORTS OFFICIALS from the two German states on Thursday agreed to work on a blueprint for merging the two countries' sports systems, a move that will produce one of the biggest Olympic powers. Both sides emphasised, however, that there will be no
          AP  -  158 words
        • Article
          Lock icon Leconte betters Kroon
          95 19 AP HENRI LECONTE outlasted Niclas Kroon of Sweden on Thursday for a 6-1, 7-5 victory to advance to the quarterfinals of the American Capital Invitational. Fifth-seeded Paul Annacone was ousted by unseeded Magnus Larsson of Sweden, 6-3, 6-0. He won only winning only seven points in the
          AP  -  95 words
        • Article
          Lock icon Gilbert in, Krickstein out
          63 19 AP TOP-SEEDED Brad Gilbert advanced to the quarter-finals of the Prudential-Bache Securities Classic on TTiursday, while No 2 Aaron Krickstein withdrew after suffering a torn hamstring. Gilbert, one of three seeded players remaining in the quarter-finals, beat Jimmy Brown 6-2, 6-1. Gilbert will meet Joey Rive,
          AP  -  63 words
        • Article
          Lock icon Fijian takes lead
          86 19 AP VIJAY SINGH of the Fiji Islands shot a 6-under-par 66 on Thursday, taking a one-stroke lead after the opening round of the El Bosque Open. Singh, 27, who won the 1989 Sardinia Open in his rookie year on the PGA European tour, was pursued by Spaniard
          AP  -  86 words
      • Article, Illustration
        Lock icon Capriati beats No 5 Sanchez Vicario
        504 19 AP FOURTEEN-YEAR-OLD Jennifer Capriati defeated French Open champion Arantxa Sanchez Vicario on Thursday to advance to the quarter-finals of the Family Circle Magazine Cup. Playing in her third tournament since turning pro last month, Capriati took just 45 minutes to defeat Sanchez Vicario, the
        AP  -  504 words
      • Article, Illustration
        Lock icon Rare favourites for horse-racing's largest lottery
        492 19 AFP WINNING FAVOURITES are rare in the Grand National but Brown Windsor can go some way towards putting the record straight in horseracing's largest lottery in Liverpool today. The 7-1 tip for the celebrated steeplechase returned to form at Cheltenham last month when he
        AFP  -  492 words
      • Article
        Lock icon West Indies capitalises on good batting conditions
        389 19 AP WEST INDIES took advantage of England captain Allan Lamb's generosity in giving them first use of ideal batting conditions to reach 311 for five wickets in their first innings at the end of the first day of the fourth cricket test match
        AP  -  389 words
    • EXECUTIVE JOBS
      • Article
        High-flyers in the computer industry
        1234 20  -  David Marchington, managing director of Korn/Ferry International, focuses on the not jobs in the computer industry and what it takes to fill those positions David Marchington WHEN computers first made their presence felt in industry and business, they achieved in minutes what used to take
        1,234 words
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        PEOPLE IN BUSINESS
        542 20 Justin Gwee Khee Soon has joined the Singapore branch of First City, Texas as vice-president and treasury manager. Mr Gwee was formerly manager of the dealing room of BNP International Financial Services Singapore Ltd, where he specialised in position taking in a variety of treasury products such
        542 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article
        Optimism prevails on local market
        609 21  -  Rosie Tan is convinced there are gems out there Rosie Tan Despite the more than 25 per cent drop in Japanese share prices this year, there remains an underlying optimism that the Singapore economy is still strong and that share prices will be underpinned by
        609 words
      • Article
        Lacking in appeal despite steady earnings
        630 21  -  STOCK By Magdalene Ng Response to Pan Pacific Publications public offer has been so quiet that not one but three out of the five stockbrokers we spoke to expressed ignorance about the company when approached for investment recommendations on it. Pan Pacific no relation
        630 words
      • Article
        Warrants: premiums and gearing
        688 21 Prices (as at 6.4.90) Conversion tarms Premium/ (discount) Expiry Amount Optional" u sing Company issued Wrta Shara Ln stk Conv Exer Lnstk Gearing 4 O dt 0 Mths (m units) nom Cash Cash' Ln stk 2 left ratio prtca valua S II C K Tang 169
        688 words
      • Article, Illustration
        Nikkei support indicated
        169 21  -  OfAR^ By C Dow THE technical picture of the Nikkei index is suggesting the strong possibility that a major support level has been reached. A more lasting and sustained rebound towards the *****-***** Nikkei level seems likely. The Nikkei's steep fall is represented by the one week
        169 words
      • DON'T QUOTE ME!
        • Article
          A stockbroker's calling in M Major
          152 21 STOCKBROKERS are very musical people, and it is only their cushy jobs that are keeping them from exercising their real calling. For proof, just look at the variation on American Pie published in this column some weeks ago. Further proof just came our way,
          152 words
        • Article
          Japanese shorthand
          54 21 ANYBODY who thinks the Japanese always stick together should think twice. Apparently, when a Sony man mentions BMW to another, he is not referring to the status symbol of a German sports car, but reaffirming his intention to "Beat Matsushita Whatever". One wonders what other acronyms are being
          54 words
        • Article
          The sky's the limit
          78 21 WHAT a letdown to Singaporeans who thrive on superlatives. The OUB Centre is no longer "the tallest building outside of the United States". This dubious honour has been taken over by the recently-opened Bank of China Building in Hongkong, which stands at 1,209 ft against OUB
          78 words
        • Article
          Banking on a view
          99 21 THE Bank of China Building, designed by I M Pei, is all corners and angles. In architectural terms, Pei says it resembles the bamboo, a symbol for both inpate strength and China. The property market, however, has its own opinion. Tenants complain about difficulties of arranging
          99 words
      • Article
        Debut for Asia's first index-linked warrants
        139 21 MERCHANT BANK BT Asia has bimrhrri Asia's first index-linked warrants with the iswe of IS million call warrants on the West German market The two-year warrants launched in Hongkong recently are pegged to the FAZ Index which is compiled by Germany's leading financial daily,
        139 words
      • Article
        Lock icon Some Japanese brokers urging clients to buy
        624 21 Is it true that the more pessimistic investors are, the closer we are to the bottom? Reuter SOME leading Japanese brokerage houses are telling clients that the market has bottomed out after its 27 per cent fall from its peak. They are privately
        Reuter  -  624 words
      • Article
        Lock icon Nikkei call warrants hint of Tokyo rebound
        509 21 IHT Tl WO major financial firms have launched new securities, which bankers described as a relatively riskless bet that the plunge in Japanese share prices is near an end. Societe Generate, the French bank, and Salomon Brothers Inc, the US investment house, announced
        IHT  -  509 words
      • Article
        Higher housing loan rates come home to roost
        703 22  -  Are the good times over for home buyers? By Hong Lee Tiam THE PARTY is over for the home buyers. The frills and thrills, which half-a-year ago were part and parcel of a typical housing loan package, have nearly all evaporated. And
        703 words
      • Article
        Maximising the benefits of proper loan usage
        374 22  -  TAXING By Damian Hong Damian Hong is a tax principal of an international accounting firm IF YOU use your savings to invest in shares and borrow from the bank to buy a residential property, the interest paid on your housing loan has no
        374 words
      • Article
        A guide to purchasing your home
        839 22  -  PROPERTY By Willy Shee Willy Shee is the executive director of Richard Ellis (Pte) Ltd UPGRADING this word embodies the typical middle-class dream of most Singaporeans to own a private residential home. The following is a guide to help the first-time home-buyer embarking on
        839 words
      • Article, Illustration
        Lock icon Further gains in sterling likely
        396 22 Reuter STERLING remained firm on its high yield on world foreign exchange markets this week, ahead of today's G-7 meeting, and further gains are likely. "In the absence of event risk, sterling is going to be bought," said Nick Parsons, economist at Union Discount. "But
        Reuter  -  396 words
      • Article
        Lock icon Yen's decline puts international bond investors in a quandary
        565 22 Reuter THE massive sell-off in yen markets during 1990 has pushed up Japanese bond yields to near US and German levels, giving investors a difficult choice over where to put their money. Moral persuasion by Japanese authorities is likely to keep
        Reuter  -  565 words
    • THE TRAVEL PAGE
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        984 23 City Flight ETA Flight ETO jUm Dhabi GA976 0010 Adelaide SQ226 2035 QF81 2105 Amsterdam SQ23 0755 KLB38 2H5 KL837 1430 SQ24 2200 Athens QF16 1820 Afhlawd TE25 1610 TE28 1730 SQ338 1925 BA12 2200 Bahrain QF10 1845 QF5 2230 Bandar 5tr1 BI421 1100 SQ182 0915
        984 words
      • Article, Illustration
        Dream island seeking tourists
        612 23  -  LETTER FROM CORSICA By John Chiahemen Corsica has what it takes to be the playground of Europe sun, sea and space. But many Corsicans have an inbred fear of foreigners and a lack of major new investment has kept the French Mediterranean island starkly under-developed. "This
        612 words
      • Article
        MONEY CHANGER RATES
        382 23 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4290 1.4490 Canadian dollar 1.5900 1.6100 NZ dollar 1.0720 1.1120 Sterling pound 3.0640 3.0940 US dollar 1.8720 1.8820 Local dollars to 100 units of foreign currency Austrian schilling 15.40 16.40
        382 words
      • Article
        WORLD TRADE EXHIBITIONS
        114 23 Duration Title Venue Organiser Tel I Duration Title Venue Organiser T« .....Apr 21-26 International Barcelona Feria di (34)3/*****01 Apr 5-23 International Buenos FuixUcwn (54)1/*****65 Motorcar Business Barcelona Buenos Aires Aires El Libra and Accessones Exhibition Exhibition Apr 7-12 International Brno. Foires Et (42)5/*****11 Apr 24-28 Exhibition of
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    • TIME OFF
      • Article
        THEATRE
        179 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 Cranko will be performing four items such as troy
        179 words
      • Article
        EXHIBITIONS
        145 24 With Heart And Mind. Works by students from the Faculty of Visual Communication at the College of Design, Often bach am Main. Works on three main areas are on display: graphics-in-cluding typhography, poster, magazine and book designs, applied and free illustration, graphic and free picture composition; audiovisual mediavideotex and
        145 words
      • Article, Illustration
        SPECIALS
        108 24  -  Compiled by K Jayanti The Third Singapore Film Festival A feast of about 60 films from over 25 countries. In addition, there is a fringe programme featuring 20 independent, short films from Asian countries. Venue: Plaza Cinema. World premieres at Capitol Theatre. Date: Ixist day today. Admission: $15 $20
        108 words
    • Article, Illustration
      CINEMA
      506 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. Overacted and overly long. (See EL 3 for review.) Stars Richard Dreyfuss, Holly Hunter, John Goodman and Audrey Hepburn. Midnight tonight at Jade I. 1 lam show
      506 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      364 13 NEED A <ajL HOUSING LOAN? Call USA from any phone, any day, anytime at —222 5544 or 222 8844— 1 J HON6 LEONG SINGAPORE FINANCE LIMITED FINANCE LIMITED} Today, one watch reigns supreme. Pi-» l Jiv V WH f J fc"v^^vdii '*'^-g* A< jitfft*'JBß^3»i^^^BH^^^^^^^^B^^^^P f l^fi Ultra-thin Royal Oak in
      364 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      154 14 Join us in a traditional Sunday Toast. i Hiontm i SING»rOIt Announcing a new menu sure to add some extra sparkle to your Sundays. Fourchettes, at The Oriental, Singapore, is pleased to introduce their Sunday Champagne Lunch. Join us in a toast to champagne with a menu created around the
      154 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      37 14 DOONESBURY UeKNOUUeiLMtt UJHfiT ABOUT WHY? miVA,DUCJ<S, WEARS, 1 A LOT OFFECPIS. THE UW mA l^J f fI°SS£5L, JtZSL. w4r rmSm tmaume Vo,Auct.. J PUKPOseoFTteoNsuz about e 2£F£> /H s Jw£' SGWCALW A GTO&mJSHABASt- THE ****> "fix U&.AFWmJOKKX HOPt-
      37 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      192 16 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Didn't I see you at Scandals? Every Thursday: Indies Night. Every Night: The place to see and be seen. Scandals, Singapore's most sophisticated club and meeting place. For details on membership, call 330 8310
      192 words
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      Page 16 Advertisements Column 2
      277 16 PLEASINGLY HYATT hwt Regency© Simgapore 10 12 Scons Ki ud. Singapore U922 Tel "*331IMH Telex Its 2-hIS AT aaDt I OUTK3F Happy Hours from 5pm-8.00pm. Buy one f drink and get one free. Enjoy your I favourite cocktail and listen to Duo f Connection's collection of the oldies to the
      277 words
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      Page 16 Advertisements Column 3
      192 16 Time for Karaoke in The Streets. Sunday to Thursday 6 pm Friday, Saturday :6pm- 3 am &PHEve (sls++) VvlWiiM^^y Happy Hours 6 pm 8 pm *<> Pi .aza Hotel SINC,«PO«I Xl' [Vk 1)1 OUK» U1 «IIV I I I r* cj I TT!r Itrx ti k'lVMl TH ."HOW ton I
      192 words
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      Page 16 Advertisements Column 4
      283 16 SAVOURSPAINI An all consuming passion for Spain sweeps into The Belvedere this month It's an extraordinary, spread to be relished and savoured, along with specially imported f'■ Spanish wines. The Belvedere's Spanish Buffet. It's worth Fighting a bull to get to. j Spanish Buffet Lunch 1 30 April '90 Noon
      283 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      244 17 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY brunch: HAM TO 2 30PM JJJj ADULTS $19.00 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. A®. Century Park Sheraton Singapore 16 NASSIM
      244 words
    • Advertisement
      Page 17 Advertisements Column 2
      277 17 The art of doing business. Bourchettes Business Lunch. At Fourchettes Grillroom, one of Singapore's finest business lunches awaits. The freshest oysters. Goo* Rillettes and other appetizers. Main courses from the Grill, or Roast US Prime Rib from the Carvcry. Accompanied by the most exquisite Desserts, Teas and Coffees At just
      277 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      459 20 ■pj FOR TOTAL |Mi' ACHIEVEMENT W, are now Into our 17th year and beginning yet another phase of development made posalble by our client! and our professionalism. As we open up offices in Canada and Malaysia, it is now necessary for us to increase further the number of our full-time
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      Page 20 Advertisements Column 2
      246 20 DHL IN THE NEWS Advertisement /Ni IOTAIirDC Ol IDDADT DHL was also the proud recipient of the vUb I UMtnO OUrrUn I first-ever National IT A*ard 1990, presented by the National Computer Board. DHL emerged winner DRIVE DHL TO WIN in the Pnvale Sector from a total of 84 nominations
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      17 20 w a i. Im I m 1 B I CL 12 I P B I i B
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      172 22 financial CALL UlUlllA) SHELL TAKE CARE OF YOUR A NEEDS. 111 !i) ill New24Hour r t r i Loan and Information P I Service and Approval' all Hong Leong Finance: r j\ q| q| *****44 JJ 2* 2* Singapore Finance: rr| r ft j r^i| r *****44 -il 3 NIGHT
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      182 23 28 'rX^'.K',T' iS Shin "STEROAV'S SOLUTION forts when ruffled (7) mg bnghtly <7> 29 Careless friends returning 8 f H H have to hurry (4-4) A an f W HpfflNflcffWuMsUMyT 30 Overweight boy was 9 taky in a precious suit? U E U D U R Bgff T B A
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      22 23 fcl*ln JTySTWWEEWEI (not -topp>n rve got to Pot some.Time. im on I (UU»jCM f) \C EVENING STANOARO CO LTD. ItM-IWO 0144 A
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      1436 24 TODAY S TV 8.00 AM The New I stooge*. ■■iyAmHi 8.30 BHzzard Mend. For being marginally J f Math* How ed, Winnie Sprockett was in- Unless your mutt only under- "fBSSSSHJ! Much More, stitutionalised. A sympathetic stands Hokkien, you can 10.30 Educational TV. nurse helps her in her desire watch
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      585 24 MOVIES ON TV The Fighting Seabees, Mon, Sheena, Thur, 10.30pm, SBC 7.30pm, SBC 12 5 John Wayne might be in Also known as Sheena charge of non-combatant pio- Queen of the Jungle. Orneer corps but that doesn't phaned in the African jungle stop him from fighting the where her explorer
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