The Business Times, 28 April 1990

Microfilm: NL16972
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend April 28-29 1990 75*
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  • NEWS & MARKETS SUMMARY
    • Article
      Dow Jones up
      47 1 TRACKING the bond market closely, US stocks yesterday moved higher again in tandem. The Dow was up two at 2678 in early trading and was confined to a range of between 2671 and 2681. Gainers once again held a slim lead over declining issues.
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    • Article
      Footsie down
      39 1 UK SHARES were hovering just above the day's lows, with dealers uncertain how to interpret US GNP data and the likely direction of Wall Street. The FTSE index was 23.7 points lower at 2109.9 by 1430 GMT.
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    • Article
      Soviet transition
      28 1 SOVIET PLANS for the transition to a "planned market economy" will be ready next month, Soviet Prime Minister Nikolai Ryzhkov said yesterday in a television interview.
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    • Article
      A call from Das
      28 1 GPC coordinating chairman S Chandra Das has called for exploring business opportunities in Vietnam and South Africa, "when the political condition permits" Page 2
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    • Article
      Teng Fong's bids
      27 1 THE THREE companies that placed the highest bids for all 84 units of the Townerville houses belong to Mr Ng Teng Fong. Page 2
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    • Article
      SPH profits up
      42 1 SINGAPORE Press Holdings has reported a near 30 per cent increase in group after-tax profits to $57.19 million on a 16.1 per cent rise in turnover to $251.89 million for the six months ended Feb 28, 1990. Page 3
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    • Article
      US rates rise
      35 1 LONG-TERM US interest rates moved above 9 per cent on Thursday for the first time in nearly a year, continuing a rise that will crimp certain sectors of the economy. Page 5
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    • Article
      Market holidays
      13 1 The Malaysian market is closed for the Hari Raya Puasa holiday
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    • Article, Illustration
      STOCK INDICES
      28 1 Friday Change BT-MGA 735.90 +2.30 Kuala Lumpur ...Closed Hongkong 2,986.33 -23.01 Tokyo 29,584.80 +160.22 Sydney 1,456.5 -5.9 Thursday Change New York 2,676.58 +10.14 London 2,133.6 -9.5
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    • Article
      CURRENCIES
      20 1 fad—p rates US$ SSI.8760 Yen (100) SSl.1788 MS SS0.6905 Mflut rates Overnight 6 1/8 -1/2 3-montn 6 3/4 unch
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    • Article
      COMMODITIES
      21 1 London Gold PM fix US$371.60 unch Rubber S'pore May l58.50»/kg +1.50 M'sia May Closed KL Tin Turnover Closed Spot MSCIosed
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  • Article, Illustration
    OUS staves off attempt to change its structure
    581 1  -  By Conrad Raj OVERSEAS Union Securities yesterday comfortably staved off an attempt by a shareholder to make some changes to its structure, including converting it from a closed-end to an open-end fund. But board chairman Fock Siew Wah promised to look into
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  • Article
    Lock icon US economy up a healthy 2.1pc in first quarter
    327 1 AP THE AMERICAN economy, which ended last year on a weak note, rebounded during the first quarter of 1990 at a surprisingly healthy annual rate of 2.1 per cent. The Commerce Department said the gross national product grew nearly twice as
    AP  -  327 words
  • Article
    Lock icon British poll tax to be revised by mid-year
    138 1 AFP THE BITTERLY contested poll tax imposed in England and Wales this month will be revised, and the way it is levied may be radically altered between now and mid-year, government sources indicated yesterday in London. Dispute over the community charge, as
    AFP  -  138 words
  • Article, Illustration
    What a way with words!
    38 1 Robin Morel 1, a secretary at Merrill Lynch stockbrokers in Manchester, shows off what else she could do with a typewriter during the 2nd annual Secretary Typewriter Toss Contest to celebrate Secretaries Week
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  • Article
    Ex-MAS official, S'pore financier charged in HK
    422 1  -  From Catharine Ong In HONGKONG TWO Singaporean financiers, including a former senior official of the Monetary Authority of Singapore (MAS), have been charged in Hongkong on 127 counts involving fraud and false accounting. No pleas were taken from Tang Wee-Lip, 47, former managing
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      110 1 Nikon Ttwffbrid'tFlnMt Photographic tyttom. COVER Those sporting sponsors EL 1 Arc/aft Schedule EL 11 Commodrtw 15 Company News 4 Cryptic Crossword EL 11 Executive Jobs EL 10 Futures Options 14 Interbank Fore* Rates 14 Home News 2 Money Changer Rates EL 11 Money Market 14 tegonal Stock Markets 12 SES
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      Page 1 Advertisements Column 2
      22 1 OPINIONS Lithuania: Worse is yet to come Red herring in KL's political waters. EL 2 Long-term US rates above 9pc, Pg 5
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    • Advertisement
      Page 1 Advertisements Column 3
      164 1 PURSUITS Music notes from a Scottish orchestra maestro. EL 3 Choosing a timepiece After all[ we see ourselves should be a relaxed and connoisseurs connoisseurs. And our F O R COLLECTORS The rare perfection o£ Patek Philippe at The Hour Glass. comfortable affair. Especially Voull learn all about the customers
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      Page 1 Advertisements Column 4
      13 1 PURSUITS BTT painter's pride T OUS to keep existing investment strategy, Pg 3
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      Page 1 Advertisements Column 5
      106 1 Nikon wnmnpim FINANCE Spotlight on PT Gadjah Tunggal. EL 8 Fixed v savings deposits. EL 9 JOBS Life begins at 65 for A French, Robinson's retiring CEO/EL 10 Don't miss BT's Wordskill Contest next week JOIN BTs Wordskill Contest Winners of the contest will get a dinner treat each at
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        HDB clarifies role in resale disputes
        116 2 THE Housing and Development Board says that the resale of HDB flats are private transactions between buyers and sellers. As such, when disputes arise between buyer and seller, the matter should be referred to the parties' lawyers and not the HDB. In a press
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      • Article
        Postal orders
        60 2 FROM MAY 1, the validity period for the encashment of Singapore postal orders will be reduced from six to three calendar months from the last day of the month of issue. All orders sold from next month will indicate a validity period of three months. Those sold before
        60 words
      • Article
        MRT stored value tickets
        101 2 THE TRIAL PERIOD for the use of MRT Stored Value Tickets (SVTs) on two SBS services will be extended. Passengers on services 188 and 240 can use their MRT SVTs on these services until May 13, Transit Link announced yesterday The current trial for bus ticketing
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      • Article
        Housing design competition
        73 2 THE COMPETITION to draw out the best of new ideas on housing forms and planning guidelines is on. Registration forms and pamphlets providing details on the Urban Development Authority competition are now available from the eighth floor of URA Building in Maxwell Road. A press release from
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      • Article
        Shell and Caltex cut prices
        82 2 TWO oil companies, Shell and Caltex, have reduced their pump prices for petrol and diesel. Market leader Shell lowered its rates from last night, while Caltex s new prices are effective from today. Both companies now charge 110.3 cents per litre for premium grade petrol,
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    • Article
      Keep an eye on Viet and S African markets: MP
      298 2  -  By Walton Morais PARLIAMENTARY backbencher S Chandra Das yesterday said new markets in Vietnam and South Africa should be explored when political conditions there permit. The MP for Cheng San GRC said that while the task may be harder in
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    • Article, Illustration
      Teng Fong puts in highest bids
      279 2  -  By Hong Lee Tiam MR NG TENG FONG's Far East Organisation has turned out to be the party controlling all three companies that placed the highest bids for all 84 units of the Townerville houses put up for tender by the Urban Redevelopment Authority
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    • Article
      Business costs need watching again, says BG Lee
      231 2 SINGAPORE must watch its competitiveness so as not to get outpriced in world markets again, says the Trade and Industry Minister in his May Day message. Writing in this year's May Day Annual, Brigadier-Gen-eral (Res) Lee Hsien Loong noted that costs are
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    • Article
      New Park Hotel is back in business
      160 2 THE refurbished New Park Hotel, off Serangoon Road, has been partially opened, providing relief in what is a tight market of tourist-priced hotel accommodation in Singapore. Some 240 of the 525 rooms in the hotel have been in operation since the middle of
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      547 2 Veod Wg Ha Barth total Pqartw towl toy No B«» fcriwl Pqwrtn J u/h*r»«« Kalimantan 1 11/90 MIC alongside 27.04/ 2300 Keppet wnarves Sheraton 0590 M38 alongside 28.04/ 2300 Banglar Ooot 0C-138 K29 along** 28.04/ 2300 Soon Soon 1 D9005 M4B alongside 28.04/ 1500 Handy Pnnce 14
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    • Article
      CONTAINER SCHEDULE
      1703 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Transtarer Schtduks Voy No Arr Date fine From To Booking Gate Bfc Op G<to Ml Symphony ***** 30 04 90 0100 28/2000 28/2059 Portnet 2 Q3 00 F05 29/0145 29/0211 NA 2 8 DaWia 083 29 04 90 0900 28/1300
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      UIC gives assurances over SingLand offer
      606 3  -  By Magdalene Ng SUBJECT to review, United Industrial Corporation has promised no major changes in the business of Singapore Land as well as no major redeployment of the group's fixed assets in the event of its share offer becoming unconditional. In its offer document
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    • Article, Illustration
      SPH posts 30pc jump in interim after-tax profits
      389 3  -  By Magdalene Ng SINGAPORE PRESS Holdings has reported a near 30 per cent increase in group af-ter-tax profits to $57.19 million on a 16.1 per cent rise in turnover to $251.89 million for the six months ended Feb 28, 1990. The half-year
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    • Article
      Will hibernation keep the bear at bay?
      585 3  -  MARKET TALK By Lim Mui Khi A DIRECTOR of a local stockbroking firm echoed the views of many in the industry when he said: "When business is good, the phone never stops ringing, we make lots of money and we get heart attacks.
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    • Article
      Strong Singapore dollar pulls down Cerebos profit
      377 3  -  By Andrea Borch THE STRONG Singapore dollar has eaten into the results of Cerebos Pacific Ltd for the six months ended Jan 31, 1990. Currency translations, particularly against the Australian and New Zealand dollars, cut growth in turnover and trading profit from 18
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    • Article
      OUS to keep existing investment strategy
      258 3 OVERSEAS UNION Securities Ltd is to continue with its strategy of investing mainly in Singapore and Malaysia in view of the strong economic fundamentals of these two countries. "Investment overseas will be more selective, given a rapidly changing and uncertain international environment," said chairman
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    • COMPANY BRIEFS
      • Article
        KIO said to have sold 11 million Sime shares
        125 3 THE KUWAIT Investment Office (KIO) is believed to have sold 11 million shares in Sime Darby Bhd on Wednesda> at: $2.65 apiece or a total of $29.15 million. The married deal, representing less than one per cent of Sime Darby s
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      • Article
        SingLand UK unit buys Atrium
        109 3 SINGAPORE LAND yesterday confirmed that its whollyowned subsidiary, S L Development Management Pte Ltd, had agreed to buy Atrium Court in London for £22 million (5576.5 million) from Rush Tompkins Development Finance Ltd, a subsidiary of financially troubled UK commercial developer Rush Tompkins pic. "This
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    • Article
      Lock icon Genting keen on a stake in SamaWorld project
      390 3 NST THE GENTING Bhd group, which recently announced a Ms4so million expansion plan for Genting Highlands, is seeking a business link-up with SamaWorld Management Sdn Bhd which is involved in the development of a Disneyland-like theme park in Genting Highlands. A spokesman
      NST  -  390 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      268 3 UNITED INDUSTRIAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT TAKE-OVER OFFER FOR SINGAPORE LAND LIMITED On behalf of UIC Enterprise Pte Ltd ('Offeror'), a wholly-owned subsidiary of United Industrial Corporation Limited ('UIC'), Citicorp Investment Bank (Singapore) Limited ('Citicorp') has on 27 April 1990 despatched to the shareholders and
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Toshiba making laptop computers in Germany
        85 4 TOSHIBA CORP says it has begun production of laptop personal computers for the European market at a new plant in Regensburg, West Germany. Initial production of 5,000 machines monthly will double within the first year. Toshiba's wholly-owned Toshiba Europa (IE) GmbH invested 25 million
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      • Article
        Spedley losses: fraud suspected
        95 4 LOSSES connected with Brian YuilPs collapsed Spedley group of companies could exceed US$l.l billion and criminal offences were suspected, a report released in Sydney said yesterday. New South Wales Business and Consumer Affairs Minister Gerry Peacock said he expected the special investigation into the group would
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      • Article
        Postpone hotel sale, NZ urged
        147 4 A LARGE PART of the New Zealand government-owned Tourist Hotel Corporation (THC) is about to be sold to a Japanese buyer, opposition Member of Parliament Paul East said in Wellington yesterday. No comment was available from the THC, which owns a number of hotels in
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      • Article
        Snecma returns to the black
        144 4 FRENCH AIRCRAFT ENGINE GROUP Snecma made a net profit of 85.1 million francs (US$l5 million) in 1989, against a loss of 250 million francs the year before, the government-owned group announced in Paris on Thursday. Snecma sales jumped by 30 per cent last year, to
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      • Article
        Swedish firm ups Infina stake
        80 4 SWEDISH HAULAGE FIRM Bilspedition AB said it bought 3.98 million restricted A-shares in Infina AB, raising its stake in the finance company to 20.6 per cent of the share capital and voting rights from 18 per cent. Bilspedition now holds 28.7 million Infina shares, the
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    • Article
      Lock icon Tobu begins talks with Saks buyer
      245 4 NYT Reuter JAPAN'S Tobu Department Store Co Ltd has begun talks [with Bahrain-based Investcorp about the possible purchase of Saks Fifth Avenue following the sale of the New York department store to Investcorp by Britain's BAT In- dustries pic, a spokesman for ;Tobu said.
      NYT; Reuter  -  245 words
    • Article
      Lock icon Mitsubishi, Volvo plan car venture in Europe
      426 4 FT MITSUBISHI MOTORS, the Japanese car maker, and Volvo of Sweden are negotiating a joint car production venture in West Europe. The talks are understood to be at an advanced stage and an announcement could be made in the next two months. Such
      FT  -  426 words
    • Article
      Lock icon Mystery buyers take 3.17pc stake in Rolls-Royce
      349 4 FT MYSTERY BUYERS have acquired a 3.17 per cent stake in Rolls-Royce for about £60 million. Shares in the UK defence and civil aero-engine manufacturer closed unchanged on Thursday at 197p after abnormally heavy trading. As many as 61 million shares, or 6.35
      FT  -  349 words
    • Article
      Lock icon Campeau set to buy back assets
      200 4 NYT ROBERT CAMPEAU, founder and chairman of Campeau Corp, has agreed to buy back assets the National Bank of Canada had seized from him after he failed to make interest payments on a Cslso million loan. Mr Campeau will pay CsBo million in cash
      NYT  -  200 words
    • Article, Illustration
      French mineral water makes a B-I-G comeback in the US
      48 4 RICHARD SHERRY of Albany, New York,drinking a bottle of Nouvelle Production Perrier near the World Trade Centre. The French sparkling mineral water is back on the US market after being removed in February because of traces of benzene.
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    • Article
      Lock icon Taipei electronics firm to invest M$75m in Kedah
      486 4 NST TAIWAN'S leading producer of hard disc controllers is investing Ms7s million to produce computer products and peripherals in Sungai Petani, Kedah. Longshine Electronic Company also plans to carry out research and development activities in the state on its high technology products.
      NST  -  486 words
    • Article
      Lock icon Alan Bond set to beat controversial retreat from HK
      470 4 Reuter BELEAGUERED Australian businessman Alan Bond's attempts to ease his debt burden by selling and moving out of Hongkong is stirring controversy in the British colony. "The general impression is that (Bond Corporation) is looking for a quick way to cash
      Reuter  -  470 words
    • Article
      Lock icon Milken faces avalanche of civil litigation
      463 4 AP AS IF his criminal plea wasn't enough, Michael Milken is likely to face an avalanche of civil litigation filed by shareholder lawyers who assert a US$4OO million fund to compensate defrauded investors won't be enough. Lawyers said on Thursday that about a dozen
      AP  -  463 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      411 4 THE AYER MOLEK RUBBER COMPANY BERHAD I (Incorporated in Malaysia) I NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE IS HEREBY GIVEN that an Extraordinary General I Meeting of the Company will be held at No. 22 (Upper floor of I No. 20), Jalan Hang Jebat, ***** Melaka on Thursday, 24
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  • FINANCIAL NEWS
    • Article
      Lock icon Long-term US rates above 9 per cent
      586 5 NYT LONG-TERM US interest rates moved above 9 per cent on Thursday for the first time in nearly a year, continuing a rise that will crimp certain sectors of the economy. Since mid-December, yields on 30-year Treasury bonds, the benchmark most often used
      NYT  -  586 words
    • Article
      Lock icon Taiwan opens mutual insurance market to US
      294 5 AFP IN A MOVE to widen the local insurance service industry for the US, the Taiwanese Cabinet on Thursday approved an insurance law revision to allow operations of mutual insurance firms from Taiwan's largest trading partner, a high-ranking economic official said. Taiwan in
      AFP  -  294 words
    • Article, Illustration
      NTUC Income's assets total $670 m after 20 years
      274 5  -  By Dexter Lee INSURANCE co-operative NTUC Income, which started with $1.5 million some 20 years ago, has blossomed into an enterprise with assets worth more than $670 million today. About 70 per cent of these assets are stock and bond investments
      274 words
    • Article
      Lock icon NZ$, stock market hit by strike fears
      253 5 Reuter THE New Zealand dollar and the stock market hit new lows for this year yesterday as the country braced itself for a threatened strike that could paralyse the banking system. Workers at Databank Services, the clearing house of the four main banks,
      Reuter  -  253 words
    • Article
      Nippon Credit acquires stake in Morgan Lewis
      145 5 NIPPON Credit Bank Ltd, a major Japanese long-term credit bank, said it has acquired a 10-per cent stake in Morgan Lewis Githens Ahn Ltd (MLG&A) and two affiliated companies, MLGAL Partners Ltd and MLG&A Holding Co, for US$25 million. The Japanese bank, which
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    • Article
      Lock icon Ex-chief of Greek state bank among ten detained
      217 5 AP THE former chairman of a Greek state-owned bank was jailed on Thursday on charges of writing off a customer's debts, and nine other members of the bank's board remained in detention on the same charge. The 10 members of the National
      AP  -  217 words
    • Article
      Lock icon Barclays sounds high-rates alarm
      201 5 NYT BARCLAYS, the UK's largest clearing bank, added to the cries of pain in the banking sector by warning that high interest rates were hurting its customers and swelling the volume of bad debts. The warning came only 48 hours after Midland Bank shook the city
      NYT  -  201 words
    • Article
      Bank of Boston, Shawmut return to profit
      412 5 BANK of Boston Corp and Shawmut National Corp, two New England banking companies that were recently hit hard by losses from real estate loans, have announced profits for the first quarter, despite continuing problems with real estate loans. In Atlanta, another market where
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    • SMALL CHANGE
      • Article
        Mid-year listing for Westpac in Paris
        109 5 AUSTRALIA'S largest financial institution, Westpac Banking Corp, will be listed on the Paris bourse in the middle of the year. Tony Benner, a spokesman for Westpac Australia s first bank and oldest public company, said "Westpac believes Paris is the capital of continental Europe
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      • Article
        Lock icon ADB approves training aid
        39 5 AFP THE Asian Development Bank (ADB) has approved a US$lO9,OOO technical assistance grant to support three projects of the Tokyo-based Asian Productivity Organisation (APO). The APO provides training for developing countries on productivity techniques. AFP
        AFP  -  39 words
      • Article
        Citicorp's debts downgraded
        126 5 STANDARD and Poor's, one of the two major US credit-rat-ing agencies, said it was lowering its ratings of some US$3O billion worth of Citicorp group debts. Downgraded from Double A to Double A-minus are the senior debt notes of Citicorp, Citicorp Overseas Finance Corp NV, Citicorp Overseas
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      • Article
        Hashimoto may meet with Li
        119 5 JAPANESE Finance Minister Ryutaro Hashimoto said that he may meet with the governor of China's national bank early next month when they attend an annual meeting of the Asian Development Bank (ADB) in New Delhi. Mr Hashir moto said that he had received such a
        119 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      372 5 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) Half Year Report and Dividend Announcement The Board of Directors erf Singapore Press Holdings Limited have pleasure in announcing the following unaudited results for the halt year to 28th February 1990. GROUP COMPANY 1990 1989 1990 1989 Ss*ooo SS'OOO SS'OOO SS'OOO TURNOVER 251,890
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  • Page 5 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Seoul to develop new fax machine for export
        95 6 SOUTH KOREA will spend US$77 million on developing a n*w facsimile machine for export, the South Korean news agency Yonhap said yesterday. The new machine would be itftended to compete with similar products in Japan and other countries, Yonhap said. The government
        95 words
      • Article
        Exim Bank loan for Manila
        51 6 JAPAN'S Export-Import Bank said it signed a loan to the Philippine government yesterday for the equivalent of US$3OO million. The loan, a co-financing with the World Efenk, aims to to support the structural adjustment of the PJiilippine financial sector, the bank said. Terms were not
        51 words
      • Article
        China sounds Spratly warning
        74 6 (jIJINA accused Vietnam and other countries yesterday of i4oreasing military tension around the disputed Spratly laljnds by using foreign investment to search for oil in the S>uth China Sea. The official Liberation Army Newspaper nlade the accusation in a lengthy commentary predicting military conflicts around the
        74 words
      • Article
        Japanese minister's Aussie visit
        97 6 THE FIRST Japanese defence minister to visit Australia since World War II arrives next Tuesday on a six-day visit, officials said yesterday. They said Yozo Ishikawa s tour of the southern capitals will include talks in Canberra and Sidney with his Australian counterpart, Robert Ray, as
        97 words
      • Article
        India to raise aluminium output
        90 6 tKDIA PLANS to boost annual aluminium production by #70,000 tonnes in five years' time and set up an export-ori-ented plant at a cost of more than US$7OO million, an Official said in New Delhi yesterday. Mines Secretary P K vjatiiri told reporters that public sector
        90 words
      • Article
        India stays on US 'hit list'
        73 6 AS US President George Bush's Cabinet-level Economic Policy Council met on Thursday to consider which countries to target for reprisal under 1988 trade legislation, administration officials said India was likely to remain on (htir "hit list" but Brazil, like Japan, had worked its way
        73 words
    • Article
      Thai-Japanese firms list main problems
      325 6 HIGH employee turnover rates and stiffer business competition are cited by Thai-Japanese joint ventures operating in Thailand as among the more serious problems they are facing. This is part of the findings from a business survey conducted recently by the Economic Research Committee of the
      325 words
    • Article
      Thai land transfers face tax threat
      544 6 THAI Finance Minister Pramual Sabhavasu has said that a capital gains tax may be levied on land transactions to halt the spiral in land prices. The Finance Ministry is also contemplating raising the ceiling on external borrowings. Mr Pramual told a press conference on
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    • Article, Illustration
      President participates in prayers
      37 6 Bangladesh President Hussain Mohammad (third from right) participates in the Eid prayers in Dhaka aJ n 8 with thousands of Muslims, including top government functionaries. Eid-ul-Fitr is one of the biggest Muslim festivals.
      37 words
    • Article
      Lock icon Japanese CPI soars, jobless rate falls
      501 6 AP JAPAN'S Consumer Price Index soared in the 1989 fiscal year because of the introduction of a new sales tax, while a tight job market helped lower the nation's unemployment rate, the government announced yesterday. Consumer prices rose 2.9 per cent compared with the
      AP  -  501 words
    • Article
      Lock icon Philippines maintains one-China policy: Aquino
      255 6 AP PHILIPPINE President Corazon Aquino said yesterday her government recognises mainland China as the sole representative of the Chinese people and that its dealings with Taiwan are purely on a business level. Mrs Aquino said she will order Foreign Secretary Raul Manglapus to take the
      AP  -  255 words
    • Article
      Lock icon Japan replaces US as largest private investor in Manila
      237 6 Asahi JAPAN was the largest private investor in the Philippines last year for the first time in 15 years, according to Japan External Trade Organisation (Jetro). Private Japanese investments in the Philippines soared 70.1 per cent in 1989 to 3.43 billion
      Asahi  -  237 words
    • Article
      Lock icon Citic to promote trade with Taiwan
      175 6 AFP A CHINESE-OWNED investment firm is to open a consultancy office next month in Hongkong aimed at promoting trade between China and Taiwan, the company's officials said yesterday. The consultancy office of China International Trust and Investment Corp (Citic), a state-owned investment vehicle, is
      AFP  -  175 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      207 6 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times 1 s biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry
      207 words
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  • THE WORLD 2
    • Article, Illustration
      Lock icon Growth will finance unification, says Bonn
      485 7 AFP GERMAN economic and monetary union "will be financed primarily by growth resulting from the disappearance of inter-German borders", West German Finance Minister Theo Waigel told a bankers' meeting in Bonn on Thursday. He said that for West Germany, this additional growth, estimated by
      AFP  -  485 words
    • Article
      Lock icon EC farm ministers reach accord
      315 7 Reuter AP EUROPEAN Community agriculture ministers reached an agreement on 1990/91 prices for their 10 million farmers yesterday after an all-night negotiating session. The deal maintains a gentle squeeze on farmers which the Community believes is consistent with a global accord to wind down subsidies
      Reuter; AP  -  315 words
    • Article
      Lock icon Czechs determined to avoid 'reform trap'
      405 7 AP CZECHOSLOVAKIA'S finance minister said on Thursday that his country's transition from a communist to private-enterprise economy will be swift and will avoid the "reform trap" troubling the Soviet Union. "Partial reform of a distorted economy... is much worse than a non-reform", and delays
      AP  -  405 words
    • Article
      Lock icon EC unity could cut both ways for US business
      283 7 AP THE Commerce Department has predicted both gains and dangers for US business from the new rules being set up by the European Community in unifying its 12 member countries in 1992. "US firms can benefit just as the Europeans do
      AP  -  283 words
    • Article
      Lock icon Slap Super 301 on Japan, Hills urged
      330 7 Reuter MORE than 70 House members on Thursday called on US Trade Representative Carla Hills to cite Japan as an unfair trading nation under the Super 301 clause of the 1988 Trade Act. US officials said a decision was expected yesterday. The House
      Reuter  -  330 words
    • WORLD WATCH
      • Article
        Taiwan paves way for more Soviet trade
        83 8 TAIWAN has lifted a ban on visa applications from Soviet businessmen to help boost trade between Taipei and Moscow, the Foreign Ministry said. Taiwan's Cabinet also lifted a ban on direct investment in the Soviet Union on Tuesday after dropping rules against direct
        83 words
      • Article
        US$1b refinery for E Germany
        87 8 JAPAN'S Marubeni Corp, Finland's state-run oil company Neste Oy and West Germany's Thyssen AG Group have agreed to jointly build an oil refinery in East Germany. A Marubeni official said yesterday that the plant would be built in Rostock on the coast of the Baltic
        87 words
      • Article
        French consumer prices up
        97 8 CONSUMER prices in France rose by 0.3 per cent in March after an increase of 0.2 per cent in February taking the increase during the last 12 months to 3.4 per cent, official figures showed yesterday. So far this year prices have risen by 0.8 per
        97 words
      • Article
        Funds for Chernobyl victims
        84 8 A 24-HOUR Soviet telethon for young victims of the 1986 Chernobyl nuclear disaster raised US$ 117 million in foreign and Soviet donations, Tass news agency said Friday. Awarding to a final count US$5 million were pledged from abroad while Soviet donations amounted to 70 million roubles
        84 words
      • Article
        Ethiopian boost for investment
        60 8 ETHIOPIA'S Council of State has approved special decrees on private investment and income tax following sweeping economic reforms announced on March 5, the official Ethiopian News Agency (ENA) said. The decree on investment, details of which remain sparse, "clearly elaborates areas of activity in which private
        60 words
      • Article
        China quake kills 109
        71 8 AT LEAST 109 people died and 120 were injured when an earthquake measuring 6.9 on the open-ended Richter scale struck the western Chinese province of Qinghai, in the foothills of the Tibetan mountains, on Thursday, the State Bureau of Seismology said yesterday. The earthquake, which struck
        71 words
    • Article
      Lock icon US, Soviet Union reach agreement on trade pact
      448 8 AP Reuter AMERICAN negotiators announced on Thursday that they have reached basic agreement on a new trade accord with the Soviet Union that would normalise trade relations between the two countries for the first time in nearly half a century. US Deputy
      AP; Reuter  -  448 words
    • Article
      Lock icon Cheney plans B-2 spending cuts
      470 8 AP US Defence Secretary Dick Cheney has proposed cutting spending on the B-2 stealth bomber and other aircraft, citing a diminishing Soviet threat. Mr Cheney, pressed by congressional Democrats to cut military spending in response to rapid changes in Europe, testified his plan would trim
      AP  -  470 words
    • Article
      Lock icon Firm plans Moscow housing project
      251 8 AP A HOUSING DEVELOPER announced in New York on Thursday plans to build an American-style suburban residential complex in Moscow to meet the needs of foreign businessmen frustrated by the Soviet Union's scarce and low-quality housing. The US$l3O million project will bring a taste of
      AP  -  251 words
    • Article, Illustration
      Mickey Muscovite comes to Russia
      49 8 A young Muscovite reading the first Russian version of 'Mickey Mouse Journal" in the Red Square. The 81st world edition of the comic has been translated into 284 languages, eight more than Lenin's works. The 20-page magazine is printed entirely in the Soviet Union.
      49 words
    • Article
      Lock icon Taiwan plastics tycoon Wang finalising deal in Beijing
      377 8 AFP TAIWAN plastics tycoon Wang Yung-ching is in China for his fifth clandestine trip to finalise details of a multi-billion-dollar petrochemical complex that he is to develop in Xiamen, the mass circulation United Daily News reported in Taipei yesterday. Mr Wang, accompanied
      AFP  -  377 words
    • Article
      Lock icon Many tax reforms play down ability to pay, says Bush adviser
      392 8 AFP THE TOP economic adviser to US President George Bush says tax changes in many countries have played down the principal of collecting taxes in accordance with the taxpayer's ability to pay. This goal of "progressivity" rich people paying
      AFP  -  392 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      1166 7 n .t*«* UATSU TA r "«»U.. [M*fbc#c) *4,^ RESULTS FOR THE SIX MONTHS ENDED 31ST JANUARY, 1990 The directors are pleased to announce the unaudited results of the Group and the Company for the si* months ended 3tst January 1990. Group Company 1990 1989 1990 1989 Ssooo SS'OOO SS'OOO SS'OOO
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      Page 8 Advertisements Column 1
      128 8 r :x Business Times I Advertisement Sales Department I is now located at I PUB Building, 111 Somerset Road, I #13-06 Singapore 0923. I Te1:737-8800 Fax:23s-9320 I Tlx: RS ***** BTAD I Please call 737-8800 or 730.... I followed by individual extensions: I Kenneth Teo 5825 I Iris Lim 5826
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Block deals account for large part of turnover
      3990 9  -  By 1 Lim Mui Khi THE LOCAL MARKET was again very quiet yesterday; volume traded fell although prices were marginally higher. Dealers said the low turnover was, however, boosted by a few block deals made earlier this week but which were only
      3,990 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3610 10 Main Board OCBC Foreign 1040 +20 Sea View 560 20 3.7% SPH Foreign 940 H5 City Dev 50* 310 11 +3.7% SIA Foreign 1890 +10 +0.5% DBS 1250 +10 +"0.8% Asia Pacific 1010 +10 +10% Spore Bus 500 620 +10 +16% EuYanSang 490 +10 2.1%
    3,610 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Oil-related issues steal the limelight
      2278 11 TOKYO stocks closed firmer but off their highs yesterday. Oil-related issues were the biggest gainers on talk of industry restructuring, but the market was generally thin as buyers avoided taking new positions before a string of Japanese national holidays next week, brokers said. "Clients are
      2,278 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng Index sags below 3,000 level
      2550 11 AP Reuter THE HONGKONG stock market yesterday drifted down through the pyschologically-impor-tant 3,000 mark in apathetic trade ahead of a holiday week in Japan, brokers said. "It's wallowing in apathy," a broker said. "No one wants to get locked in ahead of (Japan's)
      AP; Reuter  -  2,550 words
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  • REGIONAL STOCK MARKETS
    • Aussie market fails to sustain early gains
      • Article
        AUSTRALIA
        1053 12 AUSTRALIA'S sharemarket closed weaker yesterday, dominated by trade in Elders IXL which slipped another nine cents to A 51.74. The All Ordinaries Index ended 5.9 points off at 1,456.5 after it failed to sustain a moming high of 1,465.4 which was prompted by a technical rebound. Elders plunged in
        1,053 words
      • Article
        BANGKOK
        640 12 THAI STOCKS advanced for the third straight day in moderate trade yes- terday but selective late profit-taking focused on textile issues prompted prices to close off high. The composite SET Index rose 4.54 points to 859.36. Turnover stood at 17.95 million shares valued at 2.59 billion baht. Advances led
        640 words
      • Article
        TAIPEI
        313 12 TAIWAN stocks ended higher yesterday as short-term small investors pulled the index up in active trading. The Weighted Index rose 195.95 points, or 2.06 per cent, to end at 9,713.78. Turnover was NTS 144.2 billion against NT5121.5 bil- lion on Thursday. Dealers said that while there was last-minute buying,
        313 words
      • Article
        MANILA
        554 12 SHARE PRICES in Manila fell on a broad front for the ninth consecutive day yesterday, driving the Composite Index below the 1,000-point psychological barrier. The Manila Stock Exchange Composite Index fell 34.05 points to close at 977.33, the lowest for the year and slightly below the 977.44 level posted
        554 words
      • Article
        Untitled
        370 12 Jakarta Apr 24 Ruptah Voi(W) Aqua Golden M ***** unch 9 As. Bintang Ind. 6250 unch As. Day in Mitra 6900 unch Bank Bali ***** 500 139 Bank Danamon ***** 75 150 BankNiaga ***** +150 193 Champion 8900 unch Indo Citra F. 8425 unch Indocement ***** unch Inter Delta 8000
        370 words
      • Article
        SEOUL
        856 12 SEOUL stocks yesterday soared from Thursday's record plunge on rumours the government was planning steps to support the market. However, the gains were tempered by worries about the economy, which led to some selling in later morning trade. The Composite Stock Index gained 22.75 points to close at 748.86
        856 words
      • Article
        NEW ZEALAND
        478 12 NEW ZEALAND shares yesterday ended at their lowest point so far this year and brokers see little prospect of a respite from the trend. The Barclays Index closed at 1,702.72, down 21.51 points. Its previous low for 1990 was 1,706.12, set on April 2. A combination of factors
        478 words
      • Article
        Untitled
        85 12 Claw Apr 27 Apr 26 SYDNEY All Ordinanes Index 1,456.5 M*2.4 -5.9 All Industrials Index 2,264.3 2275.9 -11 6 All Resources Index 839.5 841.4 Turnover (million) 151.40 86.42 64.98 BANGKOK SET Index 859.36 854.82 4.54 Turnover (neatest "000) 17,954 14,985 2.969 JAKARTA Composite Index Closed Closed Turnover (nearest-000) Closed Closed
        85 words
      • Article
        Untitled
        318 12 Ia local cwmxry la SS la US$ day year day year day year vpr 26 ladfx chaage chaage chaage change chaage chaage World 405 6 0.3 -12.8 0.1 -16.7 0.2 -15.6 JEAFE 569.0 -0.1 -16.5 0.0 -21.4 0.1 -20.3 Europe 426.5 -0.4 -5.4 -0 1 -4.7 0.0 -3.5 Pacific 974.4
        318 words
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  • WORLD STOCK MARKETS
    • US blue chips outperform broader market
      • Article, Illustration
        NEW YORK
        1221 13 GAINS in several prominent issues helped draw buying to a narrow tier of US stocks on Thursday, but pervasive pessimism about interest rates kept most of the market under pressure. Stocks were sold off in the morning when the 30-year bond yield crept past the crucial nine per
        1,221 words
      • Article
        MILAN
        160 13 ITALIAN share prices closed quietly steady yesterday with operators squaring positions ahead of the weekend. Traders said business was typical of a Friday before a long holiday weekend, because although Monday is officially a working day, many traders were likely to stay away from their desks as Tuesday is
        160 words
      • Article
        Untitled
        213 13 Other markets in Europe, South Africa and Canada Amsterdam Apr 26 Us ABN 39.8 +0.1 Acgon 120.5 +0.9 Ahold 133.0 -0.4 Akzo 132.3 -0.2 Alrenta 154.0 unch AMEV 56.2 +0.5 AMRO 76.3 +0.2 Ass. Stad 46.5 -0.5 BOLS 176.5 -0.5 Borsumy 80.0 -0.7 Buehrman Tetterode 64.4 +0 1 CSM 82.2
        213 words
      • Article, Illustration
        LONDON
        789 13 LONDON share prices were sharply lower at midday yesterday in the absence of buying. Dealers said they doubted the market would improve during the rest of the day unless the US gross domestic product figure were favourable. At 1115 GMT, the Financial Times-Stock Exchange 100-share index was down 28.6
        789 words
      • Article
        FRANKFURT
        302 13 GERMAN share prices yesterday ended a thin session with no clear overall direction, rounding off a week ot weakness on concern over the impact of monetary union and the threat of industrial action, dealers said. The 30-sharc DAX Index recovered to finish down a modest 1.55 points at 1,825.52
        302 words
      • Article
        PARIS
        150 13 FRENCH share prices idled quietly lower yesterday ahead of the holiday weekend, with no real features and holding any reaction to interest rate cuts until next week, dealers said. The CAC-40 Index was 5.41 points down at 2,066.75 after opening slightly up at 2,079.78. Although the quarter-point rate cut
        150 words
      • Article
        BRUSSELS
        185 13 BELGIAN shares started mixed with an easier bias in thin trading yesterday, with retailer GB-Inno powering ahead on the strength of a 12 per cent rise in 1989 consolidated net profit, dealers said. GB-Inno started up two francs at 1.368, hitting 1,390 francs within the first half hour of
        185 words
      • Article
        JOHANNESBURG
        375 13 GOLD SHARES in Johannesburg remained firm in a quiet and cautious trading at noon yesterday after Thursday's strong recovery, and ahead of cnicial talks next week between South Africa and the African National Congress about future negotiations, dealers said. The sharp fall of the past four days appears to
        375 words
      • Article
        TORONTO
        225 13 TORONTO stocks closed near the session's highs on Thursday, after a late rise on Wall Street boosted the market, dealers said. "Buyers are wanting to see what the next move on the bond market will be," said Lyle Stein, portfolio strategist with Nesbitt Thomson Deacon Inc. The Composite Index
        225 words
      • Article
        ZURICH
        360 13 SWISS shares traded lower at mid-ses-sion yesterday. Dealers said trading was mostly lethargic, with slight selling pressure on selected blue chips but virtually no buying interest. "It looks like the poor end of a poor week," one trader said. The all-share SPI Index stood at 1,052.9 points, 4.2 points
        360 words
      • Article
        Untitled
        95 13 Apr 26 (lose Pre»i«B NEW YORK Dow Jones 2,676.58 2.666 44 +10.14 NYSE Financial 135 66 135.92 -0 26 SAP 500 332.92 332.03 0 89 Turnover (million) 141.33 133.0 +-8.33 LONDON Financial Times 30 1.676.1 1,683.5 -7.4 FTSE 100 2,133 6 2.143 I -9.5 Turnover (million) 510.9 392.8 +118.1 AMSTERDAM
        95 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Asian trading calm ahead of release of US GNP data
      1226 14 FOREX MARKET REPORTS TRADING was calm on Asian foreign exchanges yesterday as dealers avoided taking new positions ahead of the US first quarter Gross National Product data, scheduled for release late last night. In Tokyo, activity was concentrated on position-squaring
      1,226 words
    • Article
      INTERBANK FOREX RATES
      392 14 Cross rates Apr 26 US$ SS MS Dm Yen SFr AS NZS USS 1.8760 2.7165 1.6780 159.25 0.6114 1.4590 1.3289 1.7406 SS 0.5330 1 4480 0.8945 0.8489 0.3259 0.7777 0.7084 0.9278 MS 0.3681 69.06 0.6177 0.5862 0.2251 0.5371 0.4892 0.6408 Dm 0.5959 1.1180 1.6189 94.90 0.3644 0.8695
      392 words
    • Article
      MONEY MARKET
      582 14 Interbank rates S$ Bid Offer Overnight 6 1/8 6 1/4 I-month 6 9/16 6 11/16 2 month 6 11/16 6 13/16 3-month 6 3/4 6 7/8 Overnight mode: 6-5/16 US$ Bid Offer 7 days 8 3/8 8 1/2 1 month 8 7/16 8 9/16 2 months 8 9/16
      582 words
    • Article
      Lock icon Italy lifts controls on capital movements
      342 14 Reuter ITALY has removed the remaining controls on capital movements, allowing Italians to open bank accounts abroad with effect from May 14, Italian Foreign Trade Minister Renato Ruggiero said in Rome. Mr Ruggiero, whose ministry was responsible for drawing up the legislation, said at
      Reuter  -  342 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1444 14 SIMEX EURODOLLAR Open High Low Sett Est Vol OjVInt Vol Jun 90 91.11 91.11 91.05 91.09 ***** ***** 5971 Sep 90 90.87 90 87 90.81 90.84 ***** 9137 8155 Dec 90 90.63 90.65 90.60 90.63 1847 2559 1308 Mar 91 90.57 90.57 90 49 90.54 341
      1,444 words
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  • COMMODITIES
    • Article
      ADB to finance oil palm project in Indonesia
      304 15  -  From Al Labita IN MANILA THE Manila-based Asian Development Bank (ADB) has agreed to finance an oil palm project in Indonesia, the world's second largest palm oil producer, next to Malaysia. ADB, in a statement, said its funding, amounting to U*****,000, is
      304 words
    • Article
      Lock icon Saudis reasserting control over prices
      278 15 Reuter SAUDI Arabia and its Gulf Arab allies seem to be quietly reasserting control over world oil prices after a period of great volatility. If so, say Western industry sources, prices for rest of 1990 are unlikely to crash, but they will not be allowed
      Reuter  -  278 words
    • Article
      S Korea, Australia agree on beef quota
      122 15 SOUTH KOREA has reached an agreement with Australia over the Seoul beef market, agreeing to gradually increase its beef import quota. At talks over the opening of the local beef market that ended in Seoul on Wednesday, Canberra accepted a bilateral agreement that
      122 words
    • Article
      Lock icon Two South African mines in danger of closing down
      356 15 AFP RISING production costs have taken their toll on South Africa's gold mines, and at least two are in danger of closing down, quarterly results have shown. Eight mines are not showing a profit and are paying more to produce than
      AFP  -  356 words
    • Article
      Lock icon Comex president resigns
      148 15 NYT AFTER only eight months on the job, Arnold F Staloff, the president and chief executive of Commodity Exchange Inc (Comex), resigned under pressure on Thursday night. Mr StalofTs resignation was announced yesterday. Mr Staloff, who won the reputation of a strong innovator of financial products as
      NYT  -  148 words
    • Article
      Gold ends higher in thin HK trade
      264 15 REPORTS HONGKONG: Gold closed higher on Japanese and local physical buying in quiet and thin trade in a market that lacked fresh incentives. Bullion ended at U*****.30/80 an ounce against New York's U*****.50/U*****.00 close. Local gold closed HK$l higher at HK53,460 a tael.
      264 words
  • Article
    PRICES
    1355 15 Rubber Apr 27 MttthfchHw) S cents/kg Noon Close Int 1 RSS Prompt 155.29/156.25N 155.54/157 SON Int I RSS May 90 158.2VI58.75 158.50/159.00 Int 1 RSS June 160.2VI60.75 160.50/161.00 Int 2 RSS OP I52.50/I54.50N 152.50/154.50N Int 3 RSS OP I47.0Q/I49 00N 147 (XV149.00N Int 4 RSS OP I43.0Q/I45.00N I43.00/I45.00N Int
    1,355 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      15 15 Read Chartpoint, a guide to investing in the stoek market. Every Saturday in Business Times.
      15 words
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      Page 15 Advertisements Column 2
      379 15 NOTICES IN THE MATTER OP THE COMPANIES ACT CAPM PURSUANT TO BECTTON »•<*><*> AND IN THE MATTER OP ORIENTAL AGENCY (MALAYSIA) PTE LIMITED At an Extraordinary Oeneral Meeting of the abovenamed Company duly convened and held at 35 Gul Lane, Singapore 2282 on 25th day of April 1990 at 10.00
      379 words
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      Page 15 Advertisements Column 3
      404 15 In the Matter of The Companies Act Cap. SO Kl NT AM AN I (8) PTE LTD (In Members Voluntary Uqutoabon) At an Extraordinary General Meeting oi the abovenamed Company Ally convened and held at 1 Colombo Court #04-15, Singapore 0117 on Friday, the 27th day of April, 1990 the
      404 words
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  • Article
    Goh gives undertaking on elected president issue
    366 16  -  By Lilian Ang THE FIRST Deputy Prime Minister, Mr Goh Chok Tong, last night gave an undertaking to wrap up the elected president issue by the next parliamentary session. The government also intends to resolve, at the same time, other outstanding matters such
    366 words
  • Article
    Lock icon Police set to storm Hyundai
    260 16 AFP RIOT POLICE were poised late yesterday to storm Hyundai Heavy Industries Co and wrest control of the shipyard from armed, striking workers who seized it two days earlier. A police spokesman, when asked if forces would forcibly take the shipyard by today, silently nodded
    AFP  -  260 words
  • Article
    Lock icon Violence continues over South Korean stock plunge
    218 16 AP ANGRY PROTESTS by stock investors continued yesterday, with protesters shouting anti-government slogans and demanding the resignation of Piesident Roh Tae-woo. Riot police guarded stock trading offices in the southern port city of Pusan after protesters smashed telephones, computer terminals and office furniture.
    AP  -  218 words
  • Article, Illustration
    Strengthening ties over Hari Raya lunch
    178 16 THE SULTAN of Johor yesterday expressed confidence that relations between Malaysia and Singapore will continue to strengthen for their mutual benefit. Speaking to reporters after receiving Prime Minister Lee Kuan Yew and Mrs Lee, Sultan Iskandar added that his state and Singapore complemented and
    178 words
  • Article
    Lock icon China switches signals on HK's ambitious port, airport plans
    206 16 Reuter BEIJING, in a significant shift in attitude, has dropped its earlier hostility to Hongkong's plan for a moraleboosting multi-billion dollar port and airport complex and is now studying it closely, Chinese officials say. Hongkong-based Chinese officials said the economic research
    Reuter  -  206 words
  • Article
    Lock icon Lithuania urged to suspend breakaway bid
    229 16 Agencies LITHUANIA'S hopes that international pressure might force the Soviet Union to the negotiating table were fast receding yesterday after both France and West Germany appealed to the Baltic republic to suspend its declaration of independence. The appeal, contained in a joint letter sent
    Agencies  -  229 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      45 16 A Sichuan Culinary Heritage at Golden Phoenix PhoenU HoH Equatorial. Tefc *****31 V M^^^^^^BGmSSgmsm£■" H 1- K v A v A V H 0 W H H V H P^wK!vj&*-tfc :W^wBHEB 1 HBP§fe^ »ME? £lE&gsp* .JHBaafcJMM,« 1! SPf* F5 BBBBBBHBBHBBBBBBBBBBBBHBHHHBBI (Be careful with the Kaminomoto)
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      Page 16 Advertisements Column 2
      12 16 A Treasury of At Alpine Pleasures at Chesa Hotel Equatorial. T& *****31
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  • Executive Lifestyle
    • Article, Illustration
      SPORTING SPONSORS
      1009 17  -  Hitting that furry green ball over the tennis net can be more than cathartic; it's profitable too. But it's not just the champ who walks off with the prize money. His corporate sponsors also win, as A Surenaren discovers A Surendren THIRTY years ago, an unknown golfer signed
      1,009 words
    • STRAWS IN THE WIND
      • Article
        It takes two?
        52 17 YOU would think that if you were a professional dogshooter, you just aim and fire. But what do they need "assistant dog-shooters" for, as advertised in the New Paper last week by the Singapore Civil Service? Perhaps someone to offer a blindfold and a last cigarette to
        52 words
      • Article
        Fishy chemistry
        51 17 TWO American entrepreneurs say they have devdoped a technique to give a chicken the chemical makeup of a fish in an effort to breed poultry that will help prevent heart disease. It would be interesting to study the reaction of their test rooster in front "Splash" star Daryl
        51 words
      • Article
        Rip-roaring
        42 17 EVANGELIST Billy Graham has been released from hospital after surgery in which part of a rib was removed. That excited the imagination of an atheist who wondered if his doctors had prescribed abstaining from snakes, apples, and women, in that order.
        42 words
      • Article
        Made for Hollywood
        51 17 A TRIBE of more than 200, out of touch with the outside world for three-and-a-half centuries, has been discovered in the depths of Xinjiang's Taklemakan Desert in northwest China, reported the China News Service. Hollywood agents may have found their cast for The Gods Must Be Crazy
        51 words
    • OPINIONS
      • Article
        Life has been made so simple
        357 18  -  LETTERS TO THE EDITOR A Low I REFER to the article "Life should be maid so simple" by Margaret Thomas (BT, April 7-8). As one who has personally been applying and renewing work permits for my domestic maids during the past eight years, I
        357 words
      • Article
        We want our money back
        178 18  -  Yeo Seng Kia AMY BALAN wrote a wellreasoned article on investment trusts (BT, April 18) More than 12 years ago, the Big Four were each given the opportunity to manage an investment trust with the aim of "protecting small investors' interest". Today, small investors are
        178 words
      • Article
        States of confusion
        41 18  -  Jennifer Mao VANCOUVER was described as the "capital city of the state of British Columbia" in your travel page on April 19. In fact, the capital is Victoria, not Vancouver. Secondly, in Canada, we have provinces, not states.
        41 words
      • Article
        Red herring in Malaysia's political waters
        989 18  -  Could Mahathir be sending false election signals to confuse the opposition, asks David Chew David Chew David Chew is on BT's Foreign Desk MANY SIGNS point to a general election in Malaysia later this year. Some of the more revealing ones are government measures
        989 words
      • Article, Illustration
        Cold sanctions, tea and sympathy
        1025 18  -  The Lithuanian crisis has brought to surface dark, political duplicity. Neville Stack shakes his head knowingly Neville Stack Neville Stack was editor of the Leicester Mercury, a big British daily paper. Until recently, he was an editorial consultant to The Straits Times. He is now
        1,025 words
      • Article, Illustration
        Mind that national dress in full flower
        706 18  -  Walton Morais Walton Morais is on BT's Trade and Industry Desf National symbols are hallowed objects. Tamper with them, and you will have an entire nation's wrath upon you. I am mindful of that, and also of the fact that I am a
        706 words
    • PURSUITS 2
      • Article, Illustration
        Clean-cut maestro from the Highlands
        824 19  -  The conductor of the Scottish National Orchestra exchanges musical notes with Malini Tambyah Malini Tambyah BRYDEN THOMSON'S spotless, wholesome image might have something to do with his disdain for popular music: "Much of it (pop) makes me want to take a shower." But: "there's a
        824 words
      • Article, Illustration
        Long green plot with three loony ladies
        423 19  -  Samuel Ee finds that more is merrier Samuel Ee MEI TAN's socks might be a ghastly green but they're probably industrial grade nylon they haven't frayed after two years of nightly washing. But they certainly have lengthened somewhat because they've now become Long
        423 words
      • Article, Illustration
        A painter's pride
        662 20  -  Quek Swee Peng reports on two Wu Guanzhong exhibitions Quek Swee Peng IN SINGAPORE for a one-man exhibition in 1987, Wu Guanzhong disclosed a cherished hope: to see modem Chinese painting make it on the international art scene. Since then, Wu has accomplished much. One of China's
        662 words
      • Article
        Lock icon Hamlet without the politics
        594 20 East German theatre The Economist THE END of party rule has been a mixed blessing for the theatre in East Germany. With the departure of ideological censorship and control by the state, the role of theatre and the privileges and subsidies it enjoyed is now under
        The Economist  -  594 words
    • SPORTS
      • SIDE LINES
        • Article
          Waters fights to restore career
          152 21 COMMONWEALTH junior-middleweight boxing champion Troy Waters will be looking to get his career back on track when he defends his title against fellow Australian Ronald Doo at Tweed Heads this afternoon. Waters, 25, has not fought since losing a points decision to International Boxing Federation
          152 words
        • Article
          Holyfield taking on McDonagh
          115 21 TOP-RANKED heavyweight contender Evander Holyfield will fight Irish-born Seamus McDonagh in Atlantic City, New Jersey, on June 1 as a warm-up to an expected title shot against undisputed champion James 'Buster' Douglas. Holyfield, whose last fight was an eight-round knockout of Alex Stewart last November, was
          115 words
        • Article
          White set for revenge
          118 21 •JIMMY WHITE, beaten in all four previous meetings with .Steve Davis in the World Snooker championship, is poised to take his revenge and reach only his second final. White, perhaps the most talented player never to win the world title, -started the day 5-2 behind. Incredibly,
          118 words
        • Article
          Top jockey faces inquiry
          143 21 GARY MOORE, former champion jockey in Hongkong and France, faces an inquiry in Hongkong next month into alleged racing malpractices, the Royal Hongkong Jockey Club (RHKJC) said yesterday. The RHKJC inquiry set to start on May 24 by the British colony's racing authority into Moore's alleged
          143 words
        • Article
          Chicago Blackhawks win
          104 21 JKN UNASSISTED, breakaway goai by Jocelyn Lemieux jsparked a three-goal flurry in the second period on Thursday •night that carried the Chicago Blackhawks to a 3-2 victory i>ver the St Louis Blues. Chicago now has a 3-2 advantage in Jhe best-of-7, second-round playoff series against St Louis.
          104 words
      • Article, Illustration
        Lock icon Elkineton shares lead
        372 21 AFP AUSTRALIAN Steve Elkington had a share of the lead after the first round of the million dollar New Orleans Golf Classic on Thursday, but still gave himself 1,000-to-one" odds of winning his second tournament in a row. Elkington, who came from seven strokes back to notch
        AFP  -  372 words
      • Article
        Lock icon Aguilera ousts Edberg in upset win
        323 21 AP TOP-SEEDED Stefan Edbeii was upset at the Monte Carty tennis tournament on Thursday when Spanish veteraA Juan Aguilera beat the Swede in a pair of tiebreakers. Aguilera, the winner of the Nice tournament last week, beat Edberg, 7-6 (7-4), 7-6 (8-6) in their
        AP  -  323 words
      • Article, Illustration
        Lock icon America's Cup: New Zealanders pay price
        344 21 AP NEW ZEALAND merchant bankers Michael Fay and David Richwhite said yesterday they had sunk millions of dollars into the ill-fated legal bid to wrest the America's Cup from the San Diego Yacht Club. Fay, chairman of the New Zealand Challenge syndicate, said at
        AP  -  344 words
      • Article
        A weekend of bread-and-butter racing in KL
        514 21  -  ON TRACK By Jerome Fandor MT IS a weekend of bread and butter racing in Kuala Lum- pur, with nothing special go- ing on. The top four jockeys are Talso not riding this weekend. jockey Michikawa »is away, riding in Hongkong, I Kim
        514 words
      • Article
        Lock icon Montgomerie grabs a one-stroke lead
        485 21 AP COLIN MONTGOMERIE of Scotland took a one-stroke lead in the Spanish Open on Thursday after shooting five-under-par 67 in a first-round performance that featured a 40-foot eagle putt and four successive birdies. There was a logjam for second place, with six players tied after
        AP  -  485 words
    • EPICURE 1
      • Article, Illustration
        Checking the spices
        956 22  -  Quek Swee Peng steels her stomach for an onslaught of chilli padi, turmeric and tamarind all tossed together in the tradition of Thai cooking Quek Swee Peng I HAVE always imagined what a Thai restaurant would be like: gaudy, but tastefully so in a blend ot browns
        956 words
      • Article, Illustration
        Better vision with eye exercises
        937 23  -  Richard Seah, who believes that eyesight can be improved, takes a look at how this can be achieved. Richard Seah The writer is editor of The Good Life, a health magazine. 1 COULD NOT believe my eyes when I read Monday's newspapers. The Health and
        937 words
      • Article
        Pio Cesare: where new and traditional techniques meet
        835 23  -  WINE By N K Yong THE 1,000-year-old winery building that Pio Cesare occupies is in a little street, via Cesare Balbo, behind the church square in Alba, Piemonte. The exterior is deceptive. It looks like an ordinary Italian house, until you open
        835 words
      • Article
        Taking a part of the hotel back home
        506 23  -  By Sangeeta Mulchand IT WOULD probably be fair to say that most people who have walked into a hotel room, have walked out of it richer by some souvenir item. They call it getting value for money. Besides, that ash-tray on your
        506 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          Sorry ain't the hardest word
          55 24 "I transgressed certain of the laws and regulations that govern our industry. I was wrong in doing so and knew that at the time, and I am pleading guilty to these offences." Michael R Milken, who pleaded guilty to six felony charges of securities fraud
          55 words
        • Article
          Money begets money
          111 24 US BANKS are trying a new scheme to attract business. Instead of paying higher interest rates on their saving accounts, Chemical Bank and Dollar Dry Dock recently launched a new marketing promotion to win depositors by offering them money. Chemical is paying US$25 to anyone opening a
          111 words
        • Article
          Illuminating, not enlightening
          45 24 SIR JAMES GOLDSMITH who put up a strong public face when announcing his group's decision to abandon its controversial £13.5 billion bid for BAT Industries on Monday was quoted as saying: "We have won the intellectual battle, but lost the commercial war."
          45 words
      • Article, Illustration
        No spare-tyre stock, this
        674 24  -  STOCK Spotlight on Indonesia's PT Gadjah Tunggal By William Chia LEADING Indonesian tyre manufacturer PT Gadjah Tunggal, which is listing its shares on the Jakarta Stock Exchange (JSE) on May 8, is no spare-tyre stock where investors are concerned. The company's offer of 20 million shares
        674 words
      • Article, Illustration
        Lock icon Why gilts have lost their edge in a secure portfolio
        485 24 FT A GENERATION of small investors has been brought up on the following golden rule: Keep 2Q-30 per cent of your portfolio in gilts (government fixed interest stock). Traditionally, gilts have offered security in a portfolio, guaranteed as they are
        FT; Source : Warburg Securities  -  485 words
      • Article
        Warrants: premiums and gearing
        600 24 PriOM(M «t 27.4.90) I Conversion farma Premium/ (discount) Expiry Amount Optional" j using 1 Company lMU«d Wrts 5hara Ln stk Conv Exar Lnstk G wiring Data m unit*) nom Cash' Lnstk* ratio prica valua HHI mm8 C K Tang 16.9 HfBII 4.240 1.00 2.25 0 2.12
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        Lock icon Straits Times Industrials Index
        191 24  -  OJAItt By Cresvale Far East THE STRAITS Times Industrial Index continued to drift downwards during the course of this week. As revealed by most technical indicators, the local market will remain weak for some time. The Stochastic measure has moved to the bottom part of its
        Source: Cresvale  -  191 words
      • Article
        Lock icon Greener pastures for US country funds
        537 24 NYT IN THE first quarter of this year, country funds traded in the US have raised more than US$2 billion to invest in stock markets outside the United States a record, and almost four times the amount raised in any previous year. About US$l.7B
        NYT  -  537 words
      • Article
        Hongkong sentiment turns for the better
        615 24  -  By Duncan Mount Duncan Mount is managing director of CEF Investment Management Ltd in Hongkong STRONG buying interest in the face of intra-day sell-offs is indicative of more positive sentiment towards Hongkong stocks. After hitting a postJune high of 3067 points last week, the
        615 words
      • Article, Illustration
        Lock icon Aussie $ may fall to US$0.73 by year-end
        702 25  - Aussie may fall to US$0.73 by year-end Robert Graham, chief economist of Westpac Banking Corporation, highlights the factors he believes will bring about the Aussie dollar's fall. Robert Graham THE AUSTRALIAN dollar has remained relatively steady over the past six months against a background of falling domestic interest rates but
        Chart by TeleTarac  -  702 words
      • Article
        Lock icon Evidence of recent gold sell-off inconclusive
        727 25 Theories abound as to the sell-off on March 26 that caused the gold price to plummet. Evidence, however, is not that a-plenty NYT NEARLY a month after investors in gold suffered their biggest losses in seven years, precious metals analysts are still trying to
        NYT  -  727 words
      • Article, Illustration
        Why fixed deposits pay far better than savings accounts
        613 25  -  Are you getting value for money by putting your funds in savings accounts? Probably not, says Alvin Tay. Meanwhile, Quak Hiang Whai sees nigher CPF savings rate from July. Quak Hiang Whai Alvin Tay ARE YOU one of those who puts
        613 words
      • Article, Illustration
        CPF savings rate set to be 3.88 pc from July
        599 25 Barring last minute changes on Monday, your savings in the Central Provident Fund will earn 3.88 per cent during the second half of this year, up from the current 3.77 per cent. Consequently, the HDB mortgage rate, which is pegged
        599 words
    • EXECUTIVE JOBS
      • Article, Illustration
        Boyden springs to life again in active local market
        589 26  -  By Shoeb Kagda AFTER lying dormant for 18 months, executive search firm Boyden International is reactivating in the highly competitive local market. The New York-based firm views its operations in Singapore as too important a link in its Asean strategy to
        589 words
      • Article, Illustration
        And here's to you, Mr Robinson's...
        622 26  -  For Alan French, Robinson's retiring CEO, life begins at 65. He gives Martin Soong a whin Df his second wind. Martin Soong Alan French leans forward purposefully over his polished mahogany desk, smoothing his dark tie over a corporate white shirt. With hands steepled
        622 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        198 26 George Sag has been appointed finance director of C K Tang Ltd and its subsidiaries. He is also the financial controller of Tang Choon Keng Realty Pte Ltd. He will be responsible for overseeing C K Tang and Tang Choon Keng Realty's finance, electronic data processing, treasury,
        198 words
    • THE TRAVEL PAGE
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        984 27 <*» FHgfct ETA FNgM FTD C*1 FUgkt ETA ETO Aka Dkaki GA976 0010 MH613 MH644 1820 1900 MH610 MH643 1645 1715 MslaMa SQ226 QF81 2035 2105 SQ115 MH619 2005 2135 2205 2320 SQ114 MH616 SQ118 MH618 SQ 120 1745 1900 1945 2045 2100 SQ23 KL837 0755
        984 words
      • Article, Illustration
        Lunching on jumpaway shrimps
        509 27  -  LETTER FROM THAILAND By Jack Barker EVEN mad scientists in science fiction films wait until their food is dead before eating it. The north-east Thai speciality I was being served added a whole new dimension to the concept of fresh, as I could hear my meal
        509 words
      • Article
        MONEY CHANGER RATES
        154 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4050 1.4250 Canadian dollar 1.5960 1.6160 NZ dollar 1.0700 I.I 100 Sterling pound 3.0460 3.0660 US dollar 1.8725 1.8825 Local dollars to 100 mits of foitiga vwuncy Austrian schilling 15.40
        154 words
      • Article
        WORLD TRADE EXHIBITIONS
        80 27 Duration Title Venue Organiser Td Duration Title Venue Otfaniaer Td S™ H«oovtf F.ir fSTS m$T»55 xsr zi£ ■*> >—» ST™ Contpcwtles Miy 4-13 Bordeaux France Fotre (J3W*JB5J5 Apr 25- Zimfcrtrw Zimbabwe Zimbabwe <261)9/***** IrWernationaJ nTiT!Ti|!mw!» May I Intermtioaai International Trade Fair Trade Fair May 7-10 Computer "90
        80 words
    • TIME OFF
      • Article
        THEATRE
        102 28 SSO Concert Guest conductor Bryden Thomson is featured in this concert. He is the principal conductor of the Scottish National Orchestra now on a tour of the Far East. The items include pieces by Berlioz, Dvorak and Bax. Venue: Victoria Concert Hall. Time: 8.15pm. Tickets at $15, $10. $7
        102 words
      • Article, Illustration
        EXHIBITIONS
        303 28  -  Compiled by K Jayanti Modern Chinese Paintings Sotheby's is exhibiting some 100 modern Chinese paintings which will be sold in Hongkong next month. The works featured include those of Zhang Daqian, Qi Baishi, Wu Changshuo, Fu Baoshi, Zhao Zhiqian, Ren Yi, Xu Gu, Lin Fengmian, Zhu Qizhan and Gu
        303 words
    • Article, Illustration
      CINEMA
      532 28 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. Stars Richard Dreyfuss, Holly Hunter, John Goodman and Audrey Hepburn. Prince 2: 11; 1.30; 4; 6.45; 9.15. A Torra-Cotta Warrior. A Mandarin comedy-adventure
      532 words
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      Page 17 Advertisements Column 1
      192 17 a a Wwm&rZMti mm %r- «y Hy 5 1 M: P* MB Jr ftwr® "l 1 iCii,' bl b I 7;"' H jdH > ■1. M® 3® w H la moow 'ig HH X 3 IH l__JHti t f HM _r/HpP^ r^^HE^^^H[ »^'"MBf* t *f 4 SINGAPORE: BURBERRYS SHOP IN
      192 words
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      Page 18 Advertisements Column 1
      24 18 BT welcomes letters from you. Please write to The Editor, Business Times, 390 Kim Seng Road, Singapore 0923. Letters should include your contact numbers)
      24 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      24 18 DOONESBURY UMT Mfs.Poamu.em}a ■§> S SKgrL* FUUrSeMCe IMPIAW, a Sl o I*™**"vrJie HAS KJNPL-YAGRSSP ID I£TM£SSB. Ai C&ATEMYSQUA&KK U/^Ct' T THE AIPS (XIILT P^EC r
      24 words
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      Page 19 Advertisements Column 1
      171 19 TELDEC nr w w > JH kf^* 1 1^ 1 -i j r» »jK'it 1 a __r* n ,rJ~s ,*mn l 4® !"%HEP\ywPCTtmßg j L and many more Marketed by UJ6O« Singapore Available at: Chm Joe Mat Co. #05-12 Far East Plaza Shopping Centre Disc Dynamics #01 -07 Thompson Ptaza
      171 words
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      Page 20 Advertisements Column 1
      49 20 I TINWIV I a I I 11 u9 I I'o\( <nu> piihim h dt/<> wt't't Iht tii rt:<nith fl (>/ (ht urdtrt fuiutioiidl. tivit'ltss \d iluuiNr. I ;rrv \/;/< h *//<»;/'% thf M (n't <>/ tuiihtnuuil hdiuwuiliiu^ I TOSCANO Available at all U\ulun', tlopaitnu'iilal stou s V'.v Vo 'J' (ioo(l\iiU'
      49 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      264 22 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot. "■>*•/ fir :11 'I If v f' p|;i if Spicv Szechuan dishes served at lunch and dinner dailv in the cool, inviting atmosphere of Szechuan Court. Reservation, 330 8310 or
      264 words
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      Page 22 Advertisements Column 2
      374 22 <z> e ae laZieS lK)«b HWT REGENCY©SINK3APORE Presents CAREER WOMEN i OF THE 1990s I by RENE SALUD 23 to 25 April. 27 28 April 1990 (5 days) Crystal Ballroom $35 nett per person 12.M NOON to 2.00 PM inclusive o< a local butte* menu and totfwon show Outstanding models
      374 words
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      Page 22 Advertisements Column 3
      164 22 Sky Garden Poolslde Dally: 6.30 10.30 pm Adult: $12.50 Child: $8 'Complimentary bin May cake tor a PLAZA I^foTEL minimum of ten. Please make wmmmmmmwim reservations 4 days In advancei 7W :amm \m Secretaries Weelciu Get away from the 'grind' at the office to a delightful k Evian mineral water.
      164 words
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      Page 22 Advertisements Column 4
      345 22 SAWIS i An all consuming passion for Spain sweeps into The < I Belvedere this month It's an extraordinary spread to be I relished and savoured, along with specially imported #0 I Spanish wines. The Belvedere's Spanish Buffet It's worth < I fighting a bull to get to. I Spanish
      345 words
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      Page 23 Advertisements Column 1
      194 23 ...AND ENTERTAIN Add A Little Spice To Your Secs Life. 11 RESERVATIONS hi ®Hr charge and*cess It's Secretaries' Week, April 23 to 28. So why not spice up your secretary's life with a visit to any one of our restaurants at Century Park Sheraton Singapore. A® Centurv Park Sheraton Singapore
      194 words
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      Page 23 Advertisements Column 2
      227 23 EXCLUSIVE ROMANTIC DINNER BUSINESS LUNCH e .oopm to laOOp* I 11.00 am to MOpm Candle-lifht Set Dinmr FRISCO RESTAURANT PTE LTD 21 Collyer Quay, 81-02 Hongkong Bank Building Tel: *****77 Traditional Refined Sushi AOYAMA O-ZUSHI W M I jMr V S Enjoy traditional refined Sushi in the cosy j ambience
      227 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      85 25 4.25% p.a. I DAILY INTEREST! I l I Hong Leong Finance Iso, to ou our and Singapore Finance now offer new Fixed Deposit rates, please call you 4.25% on your Savers Plus Daily at 222 5544/222 8844 Interest Account. We give you the best! or our Head Offices for more
      85 words
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      Page 26 Advertisements Column 1
      161 26 SINGAPORE BUSINESS/SAMSONITE SUBSCRIPTION PROMOTION ■■■■■I EXCLUSIVE! |~^HH| Subscribe or renew your subscription now. The first 80 subscribers will get a Samsonite Dynasty Carry On bag each worth $65. (For Singapore subscribers only) Subscription rates: LgjgjgM a the "Last Malaysia *****.00 Overseas -5594.00 :f I SUBSCRIPTION/RENEWAL FORM (Sulyscription/renewiil orders received by
      161 words
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      Page 26 Advertisements Column 2
      239 26 DHL IN THE NEWS Advertisement iataiicdO' oi IDDADT DHL was also the proud recipient erf the C/Uo I UMbHo oUrrUh I first-ever National (T Award 199 a presented by the National Computer Board. DHL emerged winner DRIVE DHL TO WIN in the Sector from a tcXaJ a* 84 nominations univtunu
      239 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      31 27 ruir Ann sssssss I HI |1 Hill I International Airport the following My. CJI your trtvtl Mgtru or Ait CsruJd Mt 7)2 Mi. A breath Of Fresh Air VJV Air Canada
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      Page 27 Advertisements Column 2
      201 27 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry was Singapore's
      201 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      195 27 27 Leave a religious feast (7) 13 Sight better after seeing YESTERDAY'S SOLUTION 28 Food cooked in ovens (7) him (7) 29 New singlet the cockney 15 Curt greeting on the radio la|glr|e|eMelnlt'MsM3o] boy had shortly gave a (5,4) ■AMutfMoßfAlTißlElSlTl faint glow (9) 16 I produce notes with the mNj^Nmj^jT|Ej^Rp(s]^A|
      195 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      214 27 Singapore Outlook: Showers over a few areas ia the late morning and afternoon Report: Max temp. 34.5* C Assoc humidity 62% Min temp 26.0"C Assoc humidity 96% Hrs of sunshine 8.60 Rainfall in mm Trace Rainfall this mth 50.8 mm Rainy days this mth 9 World forecast Asia-Pacific Hi/Lo Cond.
      214 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      65 27 me CLA»ms rm A-.<o PM. F\RST STftGeSf v, rj-fr irft STReSS... HOU) CAN >OF ST£€SS INDUCED 1 I B€ mp,HfA yT-": 7 /ra* POM'T MAve A FROsteM Icjck 10 -r 4 THe SO U)mv is J \®r*\ IS/ C-Tffl VMe ON Jr 6€isiou) is Gert-NGCW_ N€JRVGS HC P»T —jHr Me
      65 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      1278 28 TODAY'S TV ■II 130 Rampai KenyaUng. 1.35 OerMber Btruu Karl Raya. 2.05 Malay Mevie Mclati I Putih. 3.35 Moawri AMMRvi 435 6II* The Movie. M 7*2 r^l^rStwmrk 730 bUreton I*2 •33 K LTV (Musical). 12.00 MHIMarT- Haunted Honeymoon. 130 AM CWai. 10.00 AM Thi Goklea Dalphia (Cartoon). 1035 Faulty Drama
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    • Miscellaneous
      Page 28 Miscellaneous Column 2
      684 28 Broadway Melody of 1940, The Rating* Game, Tee, Men, 10.30pm, SBC 12 10.30pm, SBC S A no-talent ballroom dancer Danny DeVito plays an aslands a plum Broadway role piring TV producer who by accident. While it's a big cooks up a scam to make break for him, it's a headache
      684 words