The Business Times, 11 August 1990
1990-08-11
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The Business Times
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Title Section11 1990-08-11 1 Business Times MCI (P) 170/12/89 Weekend Edition, August 11-12 1990 15*11 words
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NEWS & MARKETS SUMMARY
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Article46 1990-08-11 1 US blue chips drifted lower in moderate morning trading as investors kept to the sidelines, awaiting news from the Gulf and the Arab summit. The Dow 30 was down about 15 to 2,744, with losers ahead of gainers by about three to two.46 words
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Article40 1990-08-11 1 SHARE PRICES in London were slightly lower at midday yesterday, having traded in a tight range all morning. At about 12:15 pm (1115 GMT), the FT-SE 100-share index was down 5.7 points, or 0.3 per cent, at 2,239.2.40 words
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Article59 1990-08-11 1 US wholesale prices fell 0.1 per cent in July, the Labour Department said yesterday in a report that analysts cautioned might be the last favourable one on inflation for some months. Last month's decline was the first drop since April and followed a 0.2 per59 words
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Article32 1990-08-11 1 SINGAPOREANS need not fear the future as long as they are not lulled into a sense of complacency by the country's achievements, said Prime Minister Lee Kuan Yew. Page 232 words
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Article27 1990-08-11 1 TIMES Publishing Ltd is fast expanding its printing presence worldwide with the setting up of a commercial printing plant in Midlands, United Kingdom Page 327 words
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Article38 1990-08-11 1 PRESIDENT Mikhail Gorbachev has ordered a State Property Fund to be set up to oversee the transfer of state businesses to private enterprise and lease-holders when the country switches to a market economy Page 638 words
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Article, Illustration29 1990-08-11 1 Friday Change BT-MGA 707.94 -9.80 Kuala Lumpur ....563.76 +3.04 Hongkong 3,078.97 -12.15 Tokyo 27,329.55 -286.18 Sydney 1,568.8 +3.9 Thursday Change New York 2,758.91 +24.01 London 2,244.9 +7.429 words
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Article21 1990-08-11 1 Exchange rates USS SSI.8030 Yen SSI.2020 MS SS0.6675 Money market rates Overnight 5 3/4% +5 1/4 3-month 6 5/8% -1/821 words
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Article35 1990-08-11 1 London Gold PM fix US$389.35 US$5.75 Rubber S'pore Sep.... l56.75*/kg +1.25 M'sia Sep M234.50«/kg 1.00 KLTta Turnover 40 tonnes -15 Spot M$ 15.94/kg unch Crado palm oil Turnover 972 lots +62 Aug M$678/tonne +535 words
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396 1990-08-11 1 Genevieve Cua - By Genevieve Cua ALREADY hard-pressed by falling demand and prices, petrochemical and chemical manufacturers are keeping close tabs on the prices of crude oil as the Gulf crisis draws on. First to be hit by a sustained oil price increase will be396 words
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Article, Illustration388 1990-08-11 1 Japanese firms withdraw staff from region Agencies THE military standoff between Iraq and countries opposed to its invasion of Kuwait continued yesterday, but expectations of war in the Gulf prompted Japanese banks and trading companies to evacuate staff from the region. Japanese newspapers reported the government had askedAgencies - 388 words
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Article214 1990-08-11 1 THE SINGAPORE Government has instructed banks and stockbroking firms not to transfer Kuwaiti government assets without getting permission from the Monetary Authority of Singapore (MAS). But a Finance Ministry official said it has not frozen Kuwaiti assets in Singapore. The MoF official said: "MAS is monitoring the214 words
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199 1990-08-11 1 MAJOR European stock markets took a wait-and-see attitude as Arab leaders gathered in Cairo looking for a solution to the week-old Gulf crisis triggered by Iraq's invasion of Kuwait. In London, dealers kept on the sidelines with share values hovering close to their opening levels199 words
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Article73 1990-08-11 1 SINGAPORE fiilly supports the United Nations Security Council Resolution declaring Iraq's annexation of Kuwait null and void, the Ministry of Foreign Affairs said yesterday. "We also welcome the determination of the UN Secu- rity Council to restore the authority of the legitimate Government of Kuwait," the ministry73 words
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Article, Illustration418 1990-08-11 1 Sangeeta Mulchand - PM's interview with Xinhua News Agency By Sangeeta Mulchand HOW China and Asean cooperate to maintain peace and stability in Asia will depend on how confident Asean countries, especially Indonesia and Malaysia, are about China's long-term intentions, Prime Minister Lee Kuan Yew said yesterday.418 words
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Page 1 Advertisements
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Advertisement210 1990-08-11 1 Nikon TtwVferid'sFinMt Photographic Syttom. COVER f jMTrRAVEL JOBS SPORTS FINANCE LIFESTYLE Indomitable Istanbul: Selecting the right A golfer's whole in Sterling expected to Killing it softly with SDirit Of ■PvTmclH he dealing types. EL 3 one. EL 4 remain firm. EL 5 no qualms. EL 7 Yaohan Jw x yS210 words
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Advertisement23 1990-08-11 1 Dealing in dinar grinds to a halt, Pg 5 Asia likely to weather the crunch, Pg 5 UK economy particularly vulnerable, Pg 523 words
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Advertisement279 1990-08-11 1 Nikon TteftMrtnmat Hiulupapule limwt Today, one watch reigns supreme. Ultra-thin Royal Oak m 18kt gold, diamonds set bezel and bracelet, full pave dial. BA *****/477 BA (Gents) BA *****/722 BA (Ladies). In 1972, the master watchmakers by eight hexagonal bolts. The perfect at Audemars Piguet created the first match between279 words
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HOME NEWS
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NEWS ROUNDUP
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120 1990-08-11 2 BRITISH PETROLEUM (BP) has raised its wholesale prices (postings) amidst speculation of an imminent 10 cent per litre increase in pump prices. The last of the six oil companies in Singapore to announce an increase, BP's postings showed a rise of 23 US120 words
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Article111 1990-08-11 2 SECOND DEPUTY Prime Minister Ong Teng Cheong yesterday encouraged more companies in Singapore to purchase local artworks for their workplaces. Speaking at the opening of the art exhibition entitled "Corporate Collections Travel East-West" at the Empress Place Building, he said this would help to nurture111 words
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Article110 1990-08-11 2 THE SINGAPORE Labour Foundation is inviting nominations for the 1990 SLF Educational Tours Award, which recognises workers with significant contributions to productivity. It is open to union members, non-bargainable staff of unionised establishments and employees of nonunionised establishments which have made significant donations to the110 words
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Article85 1990-08-11 2 THE NATIONAL Parks Board, a newly-formed statutoi7 board under the Ministry of National Development, is organising a logo competition in its search for a visual that will reflect its corporate identity. The mission of the National Parks Board is to develop, manage and promote the85 words
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325 1990-08-11 2 SINGAPOREANS need not fear the future as long as they are not lulled into a sense of complacency by the country's achievements, said Prime Minister Lee Kuan Yew. Writing in a special 25th anniversary commemorative issue of the ruling People's Action Party monthly325 words
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372 1990-08-11 2 AFTER HELPING Indonesia's central bank set up an automated cheque clearing house in Jakarta in June, Singapore's BCS Information Systems (BCSIS) is now eyeing new contracts in Panama and Czechoslovakia. In addition, the Gulf state of Bahrain, Mauritius and Greece have also expressed interest372 words
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Article, Illustration406 1990-08-11 2 A GOOD GOVERNMENT, skilled labour force, teamwork, regional harmony and total defence these were some of the recurring themes at various National Day observance ceremonies yesterday. Looking ahead to the next 25 years, Mr Wong Kan Seng, the Minister for Community Development and406 words
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SHIPS IN PORT
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Article331 1990-08-11 2 Vessel ¥qr Ni Brfi kiM Dyrtw tow! <oy H» Berth AnM Depart** H .yu. ShbwTH CPS-8A S03 1108/0800 12.08/1700 Afc Trust 16EB K32 alongside 11.08/1200 M- rinj JL I!2 !S! !!'2i!S B n *****0 *><*** 10.08/2300 Murrayeveret 98W K29 alongside 11 08/2300 Rraston 1 /on yop infifl/?wi331 words
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Article1023 1990-08-11 2 RECEIVING OF EXPORT FCt CONTAINERS AND LCL CARGO Record Bookie/Balance Rifts Ship Voy No Period From To From P of DiscBal Space Ace Concord 06/876 4 11/1200 11/1459 11/1700 Al Mrqab 50A 3 11/0700 11/1159 11/1400 4 11/1200 11/1459 11/1700 Al Wajba 53 4 11/1200 11/1459 11/1700 Mi1,023 words
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Article333 1990-08-11 2 Port Klaitf mmm South Part on Am 10: Soon Hoe berth 1; Menty berth 2; Alam Aman berth 3; Kns Madura berth 4; Cheung ting berth 7A. KCT: Maersk Tauro berth 8; Ned Rouen berth 9; Metea berth 10. North Port: Juta iaya berth 11; KD Tunas333 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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312 1990-08-11 3 William Chia - By William Chia TIMES PUBLISHING Ltd is fast expanding its printing presence worldwide with the setting up of a commercial printing plant in Midlands, United Kingdom. Times Pub said yesterday that its wholly-owned UK subsidiary, Eastlane Ltd, is in the process of312 words
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331 1990-08-11 3 Bernama SETRON (M) Sdn Bhd has signed an agreement to acquire from Ideal Land Holdings Sdn Bhd 70 per cent of the issued and paid-up share capital of Ireka Construction Sdn Bhd for M 517.5 million. Setron chairman Syed Mohamad AididBernama - 331 words
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430 1990-08-11 3 Bernama PANGLOBAL Equities Bhd is seeking shareholders' approval at an extraordinary general meeting on Aug 24 for the purchase of several properties for M$ 14.75 million. In a circular to shareholders, chairman Wong Swee Min said that agreements for these acquisitions were made overBernama - 430 words
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COMPANY BRIEFS
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78 1990-08-11 3 KEPPEL CORP Ltd said it reduced its planned placement of new shares to 13 million units from 15 million because of uncertainties in world financial markets following Iraq's invasion of Kuwait. The placement, which Keppel said has been completed, was announced last month at a78 words
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Article50 1990-08-11 3 LEMBAGA TABLING Angkatan Tentera bought another 700,000 shares of 50 sen in Boustead Holdings Bhd at M 52.85 per share on Aug 8, thus bringing its shareholding in the plantation-based firm to 75.6 million shares or 42.47 per cent of the issued and paid-up capital.50 words
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Article92 1990-08-11 3 THE enlarged Kinta Kellas Investments pic group is projected to achieve a consolidated pre-tax profit of MS 10.365 million for the nine months to Dec 31, 1990 following the completion of its acquisition of Pengurusan Lebuhraya Utara-selatan Bhd on July 6. The acquisition involves the purchase92 words
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Article87 1990-08-11 3 EDARAN OTOMOBIL Bhd (EON) will incorporate a new joint-venture company with an Australian partner to produce the Proton limousine, its executive director, Mohd Nadzmi Salleh, said. Each of the limousines costs M 569,800 on the road, he said, adding that delivery of the first unit would87 words
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Article50 1990-08-11 3 Singapore Shipbuilding Engineering Ltd said yesterday that the successful foreign applications for its shares have not exceeded the foreign limit of IS per cent set out in its prospectus and as such there will be no reduction in the number of shares allocated to successful foreign applications.50 words
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311 1990-08-11 3 Bernama HEAVY INDUSTRIES Corporation of Malaysia (Hicom) has reported a fivefold increase in group pre-tax profits to M 5236.09 million for the year ended March 31, 1990, from M 545.90 million the previous year. Hicom president Tan Sri Jamil bin Jan said groupBernama - 311 words
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Article638 1990-08-11 3 PrteM M 8.8.90) Coov.f»k>n t.rrm SllSlUl Amount Optional" m»c Company lMU>d WH» Stan Ln ilk —""""I G««rii>a [munlt.) Conv Eaar C«h C«h< Luilk 1 W 7? ratio pita* valu* f cacwt 37.5 1.690 3.880 1.00 3.00 23 2.30 26.4.93 32 Causeway Irtv 72 0.600 1.380 0.770638 words
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Article, Illustration325 1990-08-11 3 Bernama MALAYSIA is the strongest market for Kentucky Fried Chicken in the Asia-Pacific region, KFC Worldwide's president for the Asia-Pacific, Mr Timothy M Lane, said. Malaysia constituted one third of KFCs sales for the Asia-Pacific and had 27 per cent of theBernama - 325 words
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Page 3 Advertisements
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Advertisement73 1990-08-11 3 JffijSDCTaSB ®r\ ipl^^^H $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS Singapore Airlines keeps to its successful flight plan Is Business Class worth the price? e Getting managers excited about their work e Close-up look at a petrochemical complex e Sydney set to take on Singapore as financial hub of the73 words
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Advertisement10 1990-08-11 3 LINGUAPHONE institute of london THE LANGUAGE MASTER STP DISTRIBUTORS-TEL. *****6210 words
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Advertisement148 1990-08-11 3 |p TRADERVK'S (Level 5) *\^J An exotic setting. A casual touch. A family weekend meal that offers so much. Weekend guests at Trader Vic's are in for a culinary treat at tastefully-modest prices: Choose any delectable main dish, pick an appetizer/soup and a sensational dessert from our a la carte148 words
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COMPANY NEWS
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COMPANY BRIEFS
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106 1990-08-11 4 WEST GERMAN car manufacturer Volkswagen said on Thursday that it intends to set up a company specialising in financing services in Japan. Volkswagen's Japanese marketing branch, called Volkswagen Audi Nippon KK, and Nippon Shinpan Co Ltd, one of the biggest consumer credit organisations in106 words
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Article82 1990-08-11 4 STRUGGLING with weak sales, Volkswagen US Inc is offering a 30-day money-back guarantee on its mid-size Passat cars. Anyone unsatisfied with a Passat car or station wagon in the first 30 days or 4,800 km of ownership may return it and get his or her money back,82 words
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Article109 1990-08-11 4 PHILIPS NV, the Dutch electronics group, reporting a mediocre net profit of 37 million guilders for the second quarter, disclosed little on Thursday about its restructuring plans and sat squarely on the fence on prospects for a dividend payout this year. As expected, the Dutch electronics109 words
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Article139 1990-08-11 4 AMOCO Corp said its Amoco Orient Petroleum Co unit signed a contract for oil exploration rights in the South China Sea off the coast of the People's Republic of China. Amoco said the contract area covers about 27,000 sq km about 300 km south-east of139 words
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92 1990-08-11 4 UNOCAL Corp said it will freeze the prices it charges retail dealers and marketers for petrol until midnight August 16 in response to President Bush's call for the oil industry to show price restraint. Unocal said it has been following a reasonable pricing strategy92 words
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Article94 1990-08-11 4 Procter Gamble profit up 66pc THE PROCTER and Gamble Co said Thursday its fourthquarter profit climbed 66 per cent from results a year ago that were depressed by a big one-time charge. The consumer products giant said it earned US$2B4 million, or 78 cents per share, in the three months94 words
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327 1990-08-11 4 NYT BRITISH PETROLEUM and Shell, two of the world's largest oil companies, have held out the prospect of sharply higher profits in the second half of the year because of oil price rises prompted by the gulf crisis. Mr RobertNYT - 327 words
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497 1990-08-11 4 NYT MOVING towards what could prove to be a big political scandal, prosecutors have indicted one of Japan's bestknown and most politically wsll-connected stock speculators, Matsuhiro Kotani, on charges that he manipulated a stock. Kotani, 53, who is reported to have ties with with more thanNYT - 497 words
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269 1990-08-11 4 A PROPOSAL by the Securities Exchange of Thailand (SET) to set aside 8t3.5 billion fund, has received the full backing of Thai Finance Minister Mr Pramaul Sabhavasu. A Thai daily, The Nation, said that the proposal came about on Tuesday during an extra-ordinary meeting269 words
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Article, Illustration411 1990-08-11 4 NYT FRANK LORENZO, the most controversial airline manager in the deregulated US skies of the past decade, is quitting his post as chairman and chief executive of Continental Airlines Holdings, the US carrier, after selling most of his stakeNYT - 411 words
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472 1990-08-11 4 AFP THE Hongkong government's clumsy handling of a battle between satellite and cable television interests threatens to scuttle plans to bring satellite television to the Asian region, analysts said. They blamed the government for triggering the war by showingAFP - 472 words
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334 1990-08-11 4 THAISAT Co, a HongkongThai joint-venture which invested in an orbiting Asian satellite, has proposed three financial packages to the Thai government in return for rights to the Thai market for satellite leases, said The Nation. The financial options are in lieu of an334 words
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Page 4 Advertisements
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Advertisement423 1990-08-11 4 WOCBC IMIM OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following 1990 1989 Increase The Group The Bank The Group The Bank The Group The Bank SS'OOO Ss'ooo Ss'ooo Ss'ooo 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1990423 words
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FINANCIAL NEWS
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422 1990-08-11 5 Reuter US FEDERAL Reserve Bank of San Francisco President Robert Parry said controlling inflation in the US does not mean the economy should grow as slowly as it likely will in the second half of 1990. Mr Parry said the best oddsReuter - 422 words
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246 1990-08-11 5 Quak Hiang Whai - By Quak Hiang Whai DEALING IN the Kuwaiti currency among the banks and money changers in Singapore has almost come to a halt, with many of them even shying away from quoting other Middle-east currencies. Money changers told BT they suspended trading246 words
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199 1990-08-11 5 Reuter MALAYSIA'S central bank Bank Negara will seek a high court order to place finance firm First Malaysia Finance Bhd (FMF) under receivership next week, a Bank Negara official said. "The receivership will allow FMF to be liquidated and itsReuter - 199 words
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Article, Illustration426 1990-08-11 5 Reuter SURGING oil prices threaten Canadian inflation but the central bank, more worried about the damage they will wreak on an economy close to recession, may ease interest rates in coming weeks, economists said. Iraq's invasion of Kuwait and the resulting oil shockReuter - 426 words
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SMALL CHANGE
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86 1990-08-11 5 HONGKONGBANK and Standard Chartered Bank will cut their Hongkong prime lending rates by half a percentage point to 10.5 per cent effective on Monday, the Hong Kong Association of Banks said. At yesterday's weekly meeting, the association also decided to lower deposit rates by86 words
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Article92 1990-08-11 5 A LEADING Taiwanese insurance company has made available the services of one of its senior executives to assist Jemeh Insurance Corporation Sdn Bhd tap the growth potential among the vast numbers of Taiwanese companies operating in Malaysia. Jerneh said in a statement in KL yesterday that92 words
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Article62 1990-08-11 5 Bank Danamon, a private Indonesian bank, yesterday denied press reports suggesting it had sought the central bank's discount facilities because of liquidity shortages. M We never sought the Bank Indonesia facility," a Danamon spokeswoman said. The reports on Tuesday suggested that Danamon was one of eight62 words
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Article73 1990-08-11 5 THE World Bank said it approved a US$l3O million loan to assist Pakistan expand and improve the distribution of natural gas. The bank said that Pakistan has extensive gas reserves but inadequate transmission and distribution facilities have led to shortages and increased use of dearer73 words
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Page 5 Advertisements
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Advertisement128 1990-08-11 5 A** You've moved ahead. Supremely confident. Totally comfortable with the mark of success. New challenges, new goals beckon and entice. Rekindling driving ambitions. Fuelling the competitive spirit. You already know you'll get there. In the shortest possible time. And the car to match you drive for drive the Lancia Thema128 words
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Page 5 Miscellaneous
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Miscellaneous7 1990-08-11 5 Dollar$ Non$en$e ma UQM6LV KT ?HC TOP7 words
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THE REGION/WORLD
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Article, Illustration440 1990-08-11 6 AFP SOVIET President Mikhail Gorbachev on Thursday ordered a State Property Fund to be set up to oversee the transfer of state businesses to private enterprise and leaseholders when the country switches to a market economy. Mr Gorbachev's decree said the propertyAFP - 440 words
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314 1990-08-11 6 AP SOUTH KOREA and the Soviet Union will be able to sign several agreements aimed at promoting trade and investment as early as September, a Korean senior government official said on Thursday. Kim Chong-in, chief presidential secretary for economic affairs, returned from aAP - 314 words
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Article, Illustration211 1990-08-11 6 Bernama, Reuter CHINESE Prime Minister Li Peng, accompanied by Foreign Minister Qian Qichen and Minister of Foreign Economic Relations and Trade Zheng Tuobin, is due to arrive in Singapore today on an official three-day visit. Diplomats say his talks in Singapore are likelyBernama,; Reuter - 211 words
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363 1990-08-11 6 NYT JAPAN'S Ministry of International Trade and Industry (Miti), conscious of criticism that the country is closed to foreign companies, plans to double the budget for financial assistance given to foreign companies with plans to invest in Japan. In its submission forNYT - 363 words
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306 1990-08-11 6 AFP TAIWAN approved a record U*****.8 million worth of overseas investment projects by local businesses in the seven months to July. The Investment Commission said on Thursday that the investment value of the 180 approved projects was up 261 per cent from the same periodAFP - 306 words
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176 1990-08-11 6 AFP THE South African economy is in a real recession and a zero growth rate for the year can be expected, the South African Chamber of Business (Sacob) said in Johannesburg on Wednesday. Although Sacob's Business Confidence Index (BCI) improved marginally from 91.8 inAFP - 176 words
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WORLD WATCH
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74 1990-08-11 6 THE OPPOSITION Social Democrats have handed West German Chancellor Helmut Kohl a rare defeat, blocking his attempt to advance all-German elections up to October 14. Up to now, Mr Kohl had set the pace of German unity. The Social Democrats say Mr Kohl74 words
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Article61 1990-08-11 6 THE HONGKONG government yesterday increased the minimum wage for foreign domestic servants to HK$3,OOO (US$3B5) a month, a government spokesman said. All employment contracts verified by the Labour Department as of yesterday must carry a wage of no less thin HK$3,OOO dollars before an employment61 words
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Article96 1990-08-11 6 TO MEET rising consumer demand, South Korea will import another 12,000 tons of beef in 1990, increasing total imports to 80,000 tons, ministry officials said yesterday. The Agriculture, Forestry and Fisheries Ministry said beef consumption in the first seven months of the year rose 17.296 words
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434 1990-08-11 6 THAILAND should continue to experience impressive economic growth in 1990 and 1991, reflecting the widely held notion that the country is now in a period of transformation into an industrialised country, according to The Bangkok Post. This forecast was made by the Pacific Economic434 words
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407 1990-08-11 6 THE Department of Comptroller's General in Thailand is studying the possibility of amending the Fiscal Reserve Act so that funds from the government's fiscal reserves can be invested on foreign stock markets, according to The Nation. M R Chatumongkol Sonakul, the director general,407 words
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Page 6 Advertisements
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Advertisement297 1990-08-11 6 |M 1 ''/TFori^one A rare opportunity for professionals and users in the field of microcomputers to learn from specialists in both hardware and software applications. They include: SHOWTIME: THE MODERN IT OFFICE Mr. Kace Ong Institute of System Science. NUS Dr. Roland Hor Information Technology Mr. Yu Chien Siang Institute,297 words
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FOCUS
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Article, Illustration1252 1990-08-11 7 Impact of Iraq's invasion of Kuwait IHT ASIA's strong growth and integrated trade patterns are expected to help it weather an oil crunch even if the Gulf crisis nudges the West into a recession, according to analysts. But after a decade of staggeredIHT; Source: International Herald Tribune - 1,252 words
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428 1990-08-11 7 Bernama Malaysian exporters must judge for themselves whether they should proceed with shipment of goods to Iraq while awaiting a decision on the sanctions, said Trade and Industry Minister Datin Seri Rafidah Aziz. "However, my personal advice is that they should not takeBernama - 428 words
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Article, Illustration837 1990-08-11 7 Reuter AP WHILE US consumers are angry about the high prices at the petrol pump, the sudden inflated value of crude oil is generating windfall revenues for cash-strapped energy states, royalty owners and oil companies. And if high prices continue, most oil firmsReuter; AP - 837 words
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819 1990-08-11 7 IHT BRITAIN'S precariously balanced economic strategy would be severely undermined by a prolonged period of high oil prices due to the crisis in the Gulf, analysts and economists said in London on Thursday. Although all industrialised countries would pay a heavy economic price under such circumstances,IHT - 819 words
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Page 7 Advertisements
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Advertisement189 1990-08-11 7 —b^—— lwiaMftKnii| Open to puttie: 4, 5, 9,11 and 12 August (70am 10pm) I fl 6, 7, 8 and 10 August (2pm 10pm) l< fl For Business visitors only: 6,7,8 and 10 August J* Explore more than 1000 kind of Indonesian selected products for export. See and feel the Indonesian189 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4514 1990-08-11 8 Abdul Hadhi - By Abdul Hadhi CAUTION emerged as the watchword yesterday as share prices dropped further in the Singapore stock market. Brokers said investors were reluctant to take up positions ahead of a potentially volatile weekend. One remisier explained: "The market is expecting some developments in4,514 words
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Article4151 1990-08-11 9 Main Board SiA Foreign 1620 30 +1.9% Jurong Ship 50» 710 +30 +4.4% Potytck SO* 151 +16 +11.9% UOB Wt 310 +12 +4.0%. Lee Kim Tah 50* 140 +11 +8.5% Spore Land 1350 +10 +0.7% DBS Foreign 1200 +10 +0.8% FELS 50* 680 +10 +1.5%4,151 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3738 1990-08-11 10 Bernama SHARE PRICES on the Kuala Lumpur stock market eased in the afternoon under selling pressure after fluctuating narrowly in cautious trading yesterday. The KLSE Composite Index rose steadily in the morning on widespread bar-gain-hunting but inched downwards in the afternoon toBernama - 3,738 words
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Page 10 Advertisements
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Advertisement146 1990-08-11 10 I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH I WISH m S I Ki i "If only I could 1 wake up one hour146 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2313 1990-08-11 11 Reuter TOKYO STOCKS slid to a new closing low for the year on index-related selling yesterday. Trade was quiet as concern over the Middle East crises kept players on the sidelines before an unofficial holiday period next week when the Tokyo marketsReuter - 2,313 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2399 1990-08-11 11 Reuter, AP HONGKONG share prices closed easier yesterday after slipping on nervous sentiment about the crisis in the Gulf. The Hang Seng Index shed 12.15 points to close at 3,078.97. The broaderbased Hongkong Index lost 7.56 points to 2,025.16. Turnover was HK$l.39Reuter,; AP - 2,399 words
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REGIONAL STOCK MARKETS
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Aussie stocks firm up in quiet trading
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Article993 1990-08-11 12 THE AUSTRALIAN share market finished firmer yesterday after a 24-point rise on Wall Street's Dow Jones index overnight but trade was very quiet with the Middle Eastern crisis causing most investors to stay on the sidelines. One broker said the few large parcels traded were mostly done offshore and993 words
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Article660 1990-08-11 12 THAI STOCKS closed higher yesterday after early losses were recouped by a late bargain-hunting spree centred on the -banking sector. The composite SET Index gained 17.36 points to close at -921.13. "The market rebounded in a late rally on the banking sector because investors feel share prices have fallen660 words
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Article87 1990-08-11 12 Close Previous Aaglt SYDNEY All Ordinaries Index 1.568.8 1,564.9 3.9 All Industrials Index 2,356.9 2,354.4 +2.5 'All Resources Index 957.3 952.8 +4.5 Turnover (million) 76.86 102.88 -26.02 BANGKOK SET Index 921.13 903.77 +17.36 Turnover (nearest '000) 63,273 64,307 -1,034 JAKARTA Composite Index 591.97 593.47 -1.50 Turnover (nearest '000) unav unav87 words
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Article404 1990-08-11 12 THE New Zealand share market yesterday closed near its low for the year with sentiment gripped by pessimism about the Gulf and high domestic interest rates. "Those not worried about an apocalypse in the Middle East are worried about a mini-apocalypse here in the economy," a broker said.404 words
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Article497 1990-08-11 12 PHILIPPINE shares sank in nervous trading yesterday as investors continued to be concerned by tension in the Gulf. The Manila Stock Exchange Composite Index closed at 856.71 points, down from 871.18 on Thursday. Combined volume on the two bourses rose to 723.2 million shares worth 141.1 million pesos from497 words
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Article812 1990-08-11 12 SEOUL STOCKS rebounded across the board yesterday as investors were encouraged by an agreement among securities firms to expand the market stabilisation fund. The Composite Index closed at 658.94, firming 9.99 points from the previous session. Turnover was 155 billion won compared with 175.2 billion on Thursday. The presidents812 words
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Article327 1990-08-11 12 In local currency la S$ la US$ day year day year day year Aug 9 ladcx chaay chaagc change chafe change change World 394.7 -0.3 -15.1 -0.3 -18.4 -0.3 -14.1 ♦EAFE 540.4 -0.7 -20.7 -0.4 -23.0 -0.3 -18.9 Europe 419.5 0.4 -6.9 0.7 -1.9 0.8 3.2 Pacific 9001 -1.7 -28.9327 words
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Article556 1990-08-11 12 THE JAKARTA Stock Exchange closed 1.50 points lower at 591.97 in slow half- day trade yesterday. Tamara Bank saw the day's biggest price swing, closing down 950 rupiah at 6,800. Holding company Astra rose from 22,515 to 23,700 on the big board which trades lots of more than 10,000556 words
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Article397 1990-08-11 12 TAIPEI share prices yesterday continued downward to hit their lowest level since April 1988 amid simmering tension in the Persian Gulf. Extending the previous 6.7 per cent slump on Thursday, the 214-issue Weighted Price Index plunged 137.43 points or 3.2 per cent to finish at 4,094.78 points yesterday. The397 words
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Article71 1990-08-11 12 BOMBAY share prices recovered on Thursday from an early slump to end broadly higher on heavy institutional buying. "Tliere was a lot of fresh demand from Calcutta," said a broker, "(Thursday) was the start of a new account there and carry-forward charges were fixed at 12 per cent against71 words
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Page 12 Advertisements
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Advertisement11 1990-08-11 12 dosing prices for all markets exctet Taipei are provided by Telerate.11 words
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WORLD STOCK MARKETS
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Bond auction gives a fillip to Wall Street
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Article, Illustration1096 1990-08-11 13 A SURPRISINOW well-received 30ye3f gave tentative US stock investors an excuse to venture back into equities on Thursday, but unresolved questions about the Mideast conflict kept Wall Street's mood cautious. Volume dipped substantially from previous levels. The Dow Jones Industrial Average closed up 24.01 points to 2,758.91, after1,096 words
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Article, Illustration824 1990-08-11 13 LONDON share prices were slightly lower at midday yesterday, having traded in a tight range all morning as market makers moved prices around a bit to try and generate business. But their efforts met with little success and trading volume was low. Investors stayed away from the market while824 words
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Article85 1990-08-11 13 Aug 9 Close Previous NEW YORK Dow Jones 2,758.91 2,734.90 24.01 NYSE Financial 132.63 131.90 +0.73 SAP 500 339.94 338.35 +1.59 •Turnover (million) 155.81 190.4 -34.59 LONDON Financial Times 30 1,752.8 1,748.5 +4.3 FTSE 100 2,244.9 2,237.5 7.4 Turnover (million) 329.4 429.2 -99.8 AMSTERDAM CBS General 188.2 188.5 -0.3 RRUSSELS85 words
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Article192 1990-08-11 13 WEST GERMAN shares ended mixed with a lower bias yesterday, as uncertainty in the wake of Iraq's invasion of Kuwait continued to dominate the market, brushing all other factors aside. The 30-share DAX ended yesterday's session 6.29 points lower at 1,749.34, by far the smallest one-day swing this week.192 words
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Article213 1990-08-11 13 ITALIAN share prices yesterday opened steady in thin pre-weekend trading, with sentiment helped by Fiat's firmer close. At 0930 GMT, the MIB Index was 0.3 per cent higher with the underlying trend pointing to a gain of 0.2 per cent. Brokers said market nerves had also been steadied, following213 words
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Article163 1990-08-11 13 FRENCH share prices hovered in nervously quiet midday trade yesterday as the maiicet awaited more news on the Gulf crisis, dealers said. "People are squaring their positions, nobody wants to be too exposed ahead of the weekend," one dealer said. The CAC-40 Index had eased from an opening level163 words
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Article279 1990-08-11 13 SWISS SHARES slipped in quiet midsession trading yesterday, after opening steady to higher, dealers said. Turnover was very low ahead of the weekend. The market remained jittery over the situation in the Gulf and buying interest faltered on a lack of substantial involvement, one dealer said. Food giant Nestle279 words
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Article187 1990-08-11 13 BELGIAN shares opened lower in thin trading as dealers waited for developments in the Gulf. 'The only reason there is no panic is because volumes are so low," one trader said. "Thank God there are no sellers." Tractebel, the energy, engineering and media affiliate of Societe Generate de Belgique,187 words
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Article443 1990-08-11 13 GOLD SHARES in Johannesburg continued their firmer trend during yesterday morning amid continued overseas interest in select issues, as reflected in further gains in the financial rand. But the strength of the restricted foreign investment currency put a ceiling on price rises, dealers said. Further gains in the bullion443 words
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Article283 1990-08-11 13 TORONTO stocks dosed flat in slow trade on Thursday, with losses in gold shares keeping the market from tracking a bounce on Wall Street, dealers said. Comex gold closed about USS2.SO lower, weakening gold shares, which account for about nine per cent of the Composite Index. The index gained283 words
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Article206 1990-08-11 13 "*5— Other markets in Europe, South Africa and Canada Amsterdam Aug 9 Fls ABN 33.80 unch Aegon 117.60 +1.3 Ahold 128.20 +1.6 Akzo 102.70 +1.1 Alrenta 158.90 unch AMEV 51.10 +0.1 AMRO 67.70 +0.3 Ass. Stad 45.60 +0.4 BOLS 180.50 +0.5 Borsumy 84.10 +1.1 Buehrman Tetterode.... 66.50 unch CSM 84.90206 words
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Page 13 Advertisements
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Advertisement10 1990-08-11 13 The Amsterdam report was not available yesterday Management every Monday10 words
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CURRENCY, MONEY & FUTURES MARKETS
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1201 1990-08-11 14 FOREX MARKET REPORTS THE price of gold and the US dollar firmed in Europe early yesterday as market uncertainty and pessimism about the outlook for the Gulf crisis deepened. Investors were worried by reports that Iraq was sending more troops into1,201 words
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Article389 1990-08-11 14 Cross rates Aug 10 US$ SS MS Dm Yen SFr AS NZS USS 1.8050 2.7010 1.5940 149.70 0.5345 1.3415 1.2484 1.6584 SS 0.5540 1.4964 0.8831 0.8294 0.2961 0.7432 0.6917 0.9188 MS 0.3702 66.83 0.5902 0.5542 0.1979 0.4967 0.4622 0.6140 Dm 0.6274 1.1324 1.6945 93.91 0.3353 0.8416 0.7832389 words
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Article547 1990-08-11 14 Interbank rates S$ S Offer Overnight 5 3/4 6 1-month 6 3/8 6 1/2 2-month 6 1/2 6 5/8 3-month 6 5/8 6 3/4 Q wight mode: 5 tJS$ Bid Offer 7 days 8 8 1/8 J month 8 8 1/8 2 months 8 8 1/8 3 months547 words
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Article1579 1990-08-11 14 S1MEX EWIOOOUJUt Open High Low Sett Est Vol Op/lnt Vol Sep 90 92.IS 9H5 9115 2010 ***** 4364 Doc 90 92.24 92.26 92.23 92.24 8020 ***** ***** Mar 91 92.18 92.19 92.16 92.18 2730 6819 3541 Jun 91 91.94 91.97 91.94 91.97 761 1061 511 Sep 91 91.711,579 words
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Page 14 Advertisements
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Advertisement8 1990-08-11 14 The Sang Kancil Portfolio In BT every Tuesday8 words
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COMMODITIES
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Article399 1990-08-11 15 LIMITED natural gas pipeline capacity and extremely depressed gas prices will restrict widescale fuel switching from oil in the United States in the near future, industry sources said. Crude oil prices spiked 30 per cent since Iraq's invasion of Kuwait Aug 2. But sources399 words
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Article, Illustration288 1990-08-11 15 Bernama THE Gulf crisis is not expected to badly affect Malaysia's import of crude oil from Arab states but prices of the country's own crude may increase further, Petronas chairman Tan Sri Basir Ismail said yesterday. He said Malaysia's import of crudeBernama - 288 words
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838 1990-08-11 15 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market (KLTM) remained unchanged yesterday at M$ 15.94 per kg on lower offerings and better buying support. Dealers said sellers' reserve, with miners not keen to sell below Msl6 per kg, also838 words
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Article1311 1990-08-11 15 Rubber Augio MX m >■»■») S cents/kg Noon Close Int I RSS Prompt 156.00/157.00N 156.60/157.50N Int 1 RSS Sep 90 156.2VI56.75 I56.7VI57.25N Int 1 RSS Oct I57.2V157.75 I57.7VI58.25N Int 2 RSS OP 152.50/I54.50N 153.00/*****N Int 3 RSS OP 148.00/150.00N 148.50/150.50N Int 4 RSS OP 144.00/146.00N 144.50/146.50N Int 5 RSS1,311 words
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Page 15 Advertisements
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Advertisement15 1990-08-11 15 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business limes.15 words
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Advertisement721 1990-08-11 15 NOTICE PENTEX 9CHWEJZER CIRCUITS LIMITED (incorporated m r* RepuMc ol Stngapore) LOST SHARE CERTIFICATES The undermentioned share oerWir im have been reported tost msiaid or daavoyed CartMteaw Horn In Ma Name ol Ned Share* A *****02 Um Hoon Chang 1 1 000 A *****96 Peti Chye Loo 11 1 000721 words
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456 1990-08-11 16 Conrad Raj - By Conrad Raj OCBC BANK has posted group net profit of $106.23 million for the six months to June 30, the first time in its history that the local giant has breached the $100 million mark for its half-yearly results. The interim profit after456 words
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347 1990-08-11 16 David Chew - By David Chew PT MUSTIKA RATU, a Ja-karta-based private company which manufactures jamu (traditional herbs), cosmetics and fruit juices, plans to invest 110 billion rupiah (S$ 110 million) in Indonesia and the other Asean countries over the next four years (1990-3). The company's ambitious347 words
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Article188 1990-08-11 16 Bernama MALAYSIA'S trade surplus narrowed to M547!.9 million in the first five months of this year, a drop of M 53,239.5 million or 87.3 per cent from the surplus of M 53,711.4 million recorded in the same period last year. The latest monthly reportBernama - 188 words
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347 1990-08-11 16 AFP JAPAN'S trade surplus shrank 10.2 per cent from a year earlier to US$5.3B billion in July and was down sharply from US$7.O5 billion in June, the Finance Ministry said yesterday. The smaller surplus largely reflected a surge in importsAFP - 347 words
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234 1990-08-11 16 AFP ASIAN economies will benefit from reforms in Eastern Europe while any decline in Western aid to the region will be offset by inflows of private capital, an affiliate of Japan's Nomura Securities Co Ltd said. Kwan Chi Hung, an economist at NomuraAFP - 234 words
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Article, Illustration52 1990-08-11 16 British lone sailor Tom McLean continued his bid on Thursday to cross from the United States to Cornwall, England, in a bottle-shaped boat. McLean, who left New York on July 11 in his 11-metre boat, is currently about 1,120 km from port. Reuter pictiReuter picture - 52 words
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Article191 1990-08-11 16 Bernama BANK NEGARA may have no more finance companies to rehabilitate by the end of the year as moves to get them restructured are progressing well, a central bank spokesman said yesterday. At the beginning of this year, the central bank was involved inBernama - 191 words
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167 1990-08-11 16 Reuter MAZDA Motor Corp, Sanyo Electric Co and Ford Motor Co announced they in Kuala Lumpur yesterday that they would set up a joint venture automotive audio products and components plant in Penang. The MS2OO million plant will come onstream in June 1992 withReuter - 167 words
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Page 16 Advertisements
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Advertisement66 1990-08-11 16 HSEEESk^BH See Page 5 bng^b>^v^AHl^^K^^V|QCL The Cutting Edge Arrow shirts. Contemporary designs eor those who are a cut above the rest. »Anow*T* MOST FAMOUS SH* N M \WOfilD Available at all leading department stores and also Arrow Shops at OUB Centre. Meridien Hotel. Peninsula Plaxa and Chinatown Point. Licensee ft66 words
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Executive Lifestyle
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Article, Illustration1152 1990-08-11 17 Samuel Ee - Samuel Ee finds gentle determination in the founder of a Japanese department store chain Samuel Ee IT IS ENTIRELY possible that the Mother of Yaohan would have been a lot happier as a single parent. But as things turned out, Mrs Katsu Wada found out thatPictures by H Rawi Ahmad - 1,152 words
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STRAWS IN THE WIND
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Article67 1990-08-11 17 "THIS LAND is your fcuid. This land is also my land." So goes Iraqi President Saddam Hussein's new slogan, Sfter his Kuwaiti foray, ound familiar? It should. The front page ads Straits Times section has the same word»j»lastered all over the top—No, Saddam didn't place the67 words
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Article35 1990-08-11 17 TANGS is having a sale on designer wear now until Aug 26. But maybe they should check that date again. Because Aug 26 is a Sunday, when the store doesn't open.35 words
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Article32 1990-08-11 17 SBCS screening of Madonna's Barcelona concert was first advertised as a telecast. Subsequently, it* was advertised as "delayed Jive." Huh? That must be tantamount to saying: "TTiia-is a live repeat."32 words
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Article68 1990-08-11 17 IS THIS the ultimate in "good" taste? A Japanese developer, Time says, has just ordered four fire-engine red, Indonesian crocodile-hide golf bags costing U5523,763 each from Hermes. Handstitched, of course. Do you have a straw to share with us? Send your contributions to: The Editor, Executive68 words
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THE TRAVEL PAGE
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Article1039 1990-08-11 18 at? FNgM ETA FlgM ETD MataM* SQ226 2035 QF81 2005 SQ23 1350 KL838 2115 KL837 1430 SQ24 2200 taddMrf TE25 1610 TE28 1730 SQ338 1925 BA12 2200 gatrate QF5 2230 Umirn Sort S421 U00 SQ182 0915 Imwii SQ181 1410 BI422 1205 B1429 2030 BI430 2125 ■M0uk1,039 words
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Article, Illustration629 1990-08-11 18 LETTER FROM ISTANBUL WHAT do Franz Liszt, Edward VIII, Kaiser Wilhelm and Florence Nightingale have in common? Each spent a few hours relishing the healing and cleansing delights of the 300-year-old Cagaloglu Hamami in Istanbul. Only about a hundred years ago, as a social629 words
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Article152 1990-08-11 18 As at 3pm yesterday: Local dollars to om unit of foreign currency Currencies Bid Offer Australian dollar 1.430 1.530 Canadian dollar 1.560 1.590 NZ dollar 1.0700 1.0900 Sterling pound 3.350 3.3700 US dollar 1.8010 1.8110 Local dollars to 100 units of foreign cwrency Austrian schilling 15.89 16.80152 words
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Article79 1990-08-11 18 Duration Title Venue < >rgamser Td Duration Title Venue Onwwr Td c Sep 15-20 International Germany Munchener 89/***** Sep 7-17 International Switzerland Schwetzer Muster 61/686.20.20 Trade Fair for Mesae Fair Mustermesse the Food and Sep 10-16 International Spain Foire 3/423.31.01 Catering Industries TV, Sound and De Barodone79 words
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JOBS
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Article, Illustration873 1990-08-11 19 Lisa Wood - Lisa Wood looks at psychometric techniques used in recruitment Lisa Wood FT Forty-five seconds so the story goes is the time a typical manager takes between meeting an applicant and deciding whether or not he or she is the right person for the job. True orFT; Punch - 873 words
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283 1990-08-11 19 ONE OF THE ironies developing out of the Japanese labour crunch is that small-town job recruiters are having an easier time filling vacancies than big-city employers. According to a Japan Economic Journal survey of next spring's crop of university graduates, more than half indicated283 words
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628 1990-08-11 19 Asahi A GROWING NUMBER of young Japanese women are leaving their jobs to obtain Masters of Business Administration degrees abroad in the hope of obtaining higher-ranking jobs usually held by their male counterparts. Hiroko is a 26-year-old woman who works atAsahi - 628 words
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Article, Illustration354 1990-08-11 19 Tan Kok Hin has been appointed financial controller at Compaq Computer Asia. Prior to joining Compaq, Mr Tan was finance and administration manager and company secretary at Olivetti Singapore (Trading). Compaq has also appointed Paul Wee Lye Kim regional operations director in charge of the company's sales354 words
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SPORTS
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SIDE LINES
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Article75 1990-08-11 20 BRITAIN'S Colin Sturgess is to defend his 5,000 metres World Professional Pursuit Championship in Maebashi, Japan, later this month. Sturgess, who became the youngest winner of the title when he defeated Australian Dean Woods in last year's final, will be joined by American-based Shaun Wallace.75 words
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Article98 1990-08-11 20 THE Wightman Cup, the annual one-sided women's tennis match between the USA and Britain, is to be relaunched as a challenge between Europe and the Americans. The new format has been settled after discussions between US, British and European officials. The event, a fixture in the tennis98 words
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Article117 1990-08-11 20 BEN JOHNSON will be able to compete again for Canada, but he will never again get federal funds. Sport Minister Marcel Danis announced on Thursday that the lifetime ban on federal funding will remain and it will be up to Athletics Canada to decide if117 words
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Article119 1990-08-11 20 STRIVING to avoid a test whitewash in New Zealand, y Australian rugby coach Bob Dwyer plans to reshuffle his pack for today's game in New Plymouth, New Zealand against provincial Taranki. Talented test No 8 Tim Gavin, shifts to lock and will pair with test119 words
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Article109 1990-08-11 20 THE" Volvo Tennis Indoor tournament at Memphis is being upgraded to a championship series event of the Association of Tennis Professionals and will move in 1992 to new quarters at a 20,000-seat pyramid arena under construction along the city's riverfront. Now listed as a world109 words
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Article90 1990-08-11 20 CINDY Figg-Currier and Nancy Harvey shot matching four-under-par 68's at Stratton Mountain, Vermont on Thursday to share a one-shot lead after the opening round of the inaugural Stratton Mountain Classic. Figg-Currier, a winless six-year veteran, holed a 25-foot putt for an eagle on her final90 words
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Article515 1990-08-11 20 Cassandra How - By Cassandra How THE addiction to golf has always been somewhat of an enigma. Bearing in mind that every course and every hole has its own strengths and weaknesses, the challenge must lie within the golfer. What happens when this self-motivation eclipses? Or when the515 words
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Article, Illustration519 1990-08-11 20 AFP A DOUBLE-BOGEY taught Bobby Wadkins a valuable lesson on Thursday as he shot a four-under-par 68 to take a one-shot lead after the opening round of the 72nd PGA Championship at Birmingham, Alabama. "The lesson I learned was to not put the ball inAFP - 519 words
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352 1990-08-11 20 AP ANDRE AGASSI didn't remember Richard Fromberg. He will now. Fromberg, seeded 15th and ranked 27th in the world, eliminated the secondseeded Agassi on Thursday in the third round of the ATP Championship at the Jack Nicklaus Sports Center in Mason, Ohio. FrombergAP - 352 words
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Article, Illustration1046 1990-08-11 20 FIVE years ago, Russ and Maggie Miller left their home in southern New Jersey in the US to follow their 7-year-old Karin, to the prestigious Nick Bollettieri Tennis Academy in Bradenton, Florida, a tennis think-tank that has produced such teenage luminaries as Andre1,046 words
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PERSONAL FINANCE & INVESTMENT
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Article, Illustration657 1990-08-11 21 Alan Budd - Prospects of UK's early entry into Europe's exchange rate mechanism will support the pound, argues Professor Alan Budd, economic adviser at Barclays Bank pic Alan Budd WITH THE United Kingdom no longer a significant net exporter of oil, events in the Gulf and the dramaticChart by TeleTrac - 657 words
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Article, Illustration315 1990-08-11 21 C Dow - CHART By C Dow PRIOR to the Middleeast crisis, the local stock market had drifted aimlessly despite the relatively healthy economic and corporate business fundamentals. Rosy corporate earnings reports seem to have been discounted generally. The mid-July rally gave the market some respite, creating the315 words
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733 1990-08-11 21 Alan Street - TAKING By Alan Street Prof Street is with the Nanyang Technological Institute. This article was contributed by the Life Insurance Association of Singapore Life insurance companies are the custodians of substantial sums of money which they invest on their policyholders' behalf. At the end of 1989733 words
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533 1990-08-11 21 NYT WALL STREET is offering varying, and in some cases contradictory, advice for individual investors seeking a safe harbour after the Iraqi invasion of Kuwait. Some Wall Street executives said that, given the instability, investors should be cautious about making any moves. But they and othersNYT - 533 words
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DON'T QUOTE ME!
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79 1990-08-11 21 WE HEARD (from Raffles Place, where else?) that Iraq, in honour of its strongman president, may change the name of Kuwait Investment Office (KIO) to Saddam Hussein Investment Trust. If that comes through, customers of the agency could be said to have79 words
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Article77 1990-08-11 21 ANOTHER Kuwaiti name change is also on the cardi. According to a source who is reputed to have very gooi Middle East contacts, KIO was formerly reporting to a body called Public Institute of Social Services. Why a world-class investment body was placed under such77 words
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Article99 1990-08-11 21 QUOTE of the week goes to the legendary J R D Tats, founder of India's giant Tata group. Talking to Time magazine, the 86-year-old tycoon said the widespread corruption in India was caused by Nehru's "bureaucratic socialism" where lowly-paid civil servants were given power to license99 words
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Article97 1990-08-11 21 SHEARSON Lehman Brothers Inc chairman Howard Clark said the Firm had fired stockbroker Mai Lowenthal earlier this week after a clash of opinions with him over Kis remarks to USA Today columnist Dan Dorfman. The nevftpaper had quoted Lowenthal, 55, as saying in response tea question about97 words
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EPICURE
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Article528 1990-08-11 22 Quek Swee Peng - Quek Swee Peng on a fish-fulfilling feast and a prune, bacony recipe Quek Swee Peng IKNOW NOT why they're called 'Angels on horseback'. It would not, however, be too difficult to attempt a logical explanation for the name of this hors d'oeuvre. Neither would it be528 words
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Article, Illustration122 1990-08-11 22 I KNOW why they're called 'Devils on horseback'. It's to do with their stuffing of hot chutney. These delectable hors d'oeuvres are easy to prepare. Tiy it. Firstly, remove the stones from the prunes. Secondly, stuff each prune with mango chutney. Thirdly, wrap the chutney-filled prune withPunch - 122 words
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LIFESTYLE
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Article, Illustration1228 1990-08-11 23 Molly O'Neill - Molly O'Neill finds out that getting personal with a lobster doesn't soften a cook's heart Molly O'Neill NYT I'M LOOKING at Louie. Louie is looking back at me. Louie is a two-pound lobster with little black eyes. Several years ago, Cam Mac Queen, anNYT - 1,228 words
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797 1990-08-11 23 N K Yong - WINE By N K Yong WHAT IS the best drink on a steamy afternoon during London's torrid summer recently? For most, it would be beer, while others may opt for champagne. But I have a third choice: well-chilled Vouvray from the Loire Valley. I was797 words
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Article, Illustration415 1990-08-11 23 Tan Boon Tiong - BRIDGE *L Tan Boon Tiong AFTER the Ist Round Robin in the Open Team event of the 32nd Far East Bridge Championships, New Zealand emerged clear leaders with 216 VPs. They are now comfortably ahead of China (182), Hongkong and Chinese Taipei (both 181).415 words
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TIME OFF
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Article110 1990-08-11 24 Les Enfants Gates (1977) A film director finds, at last, love and a militant spirit in an apartment where he retreated to find calm and quiet to work. Directed by Bertrand Tavernier, starring Michel Piccoli, Christine Pascal, Gerard Jugnot and Michel Aumont. The film is in French with English110 words
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Article, Illustration424 1990-08-11 24 K Jayanti - Compiled by K Jayanti Art A Sculpture Exhibition An exhibition of over 200 distinct sculptures will be on display. These three-dimensional works of art are from a collection represented by museum treasures, renowned sculptors, as well dynamic contemporary artists, such as Gusella, Albrecht Durer and August Rodin, etc. It424 words
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Article, Illustration483 1990-08-11 24 Bird on a Wire. Who says you don't get a second chance at love? Goldie Hawn does, but she's not sure if she wants it, even though the man in question is Mel Gibson. The two share wonderful screen chemistry in this excellent actionfilled comedy about dirty cops trying483 words
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Page 17 Advertisements
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Advertisement162 1990-08-11 17 S£l i Since 1735 there has never been a quartz Blancpain watch. And there never will be. v 11 x^^v II Model shown 6595-1418-58 ,1B Blanc paiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by~ hand by the individual watchmaker. In all,162 words
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Page 18 Advertisements
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Advertisement39 1990-08-11 18 NEW YORK I he bu»ino* pcrMin ihoui- ever* I ucmI.u A I'.UK I'll < >l I I; 1. I hurvijx.Sjtunljv anjsund.n. 1 ■•port it J2 > hour* imi arrh it I (iiunlu or Vw.irk lntcriutiiin.il \irp<»rt» the follow inc vl.iv. <&) AirCanada39 words
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Advertisement220 1990-08-11 18 NEW WORLD HARBOUR VIEW A deluxe class hotel set high atop IT* the Hong Kong Convention and 00 .at Exhibition Centre. I Great Views Comfort...Excellence k Sr A Vt in service.. f $9^* A Glorious Beginning for the i nof^r demanding business traveller to |A M RAfll I relax m220 words
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Page 18 Miscellaneous
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Miscellaneous185 1990-08-11 18 small cube (3) 21 Approved of a rapacious bßb 28 Megan trying to include the 7 2 waxy form (6) framework going over the 7 Sma ,j account accepted b 24 Joined the club (6) ones (0) Spaniard, a monk (9) CcwS energy 8 «<"' communication YESTERDAY'S SOLUTION during the185 words
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Miscellaneous202 1990-08-11 18 Singapore Report Thur Max temp. 31.4* C Assoc humidity 70% Min temp 23.3 Assoc humidity 100% Hrs of sunshine 4.20 Rainfall in mm 11.1 Rainfall this mth 48.0 Rainy days this mth 4 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 15/07 Showers Bangkok 34/26 Cloudy Beijing 32/24 Sunny Brunei 32/23 Showers202 words
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Miscellaneous14 1990-08-11 18 wrr lot or good) (no CufiGas y^ EYENMQ STAMOARO CO LTD IM2-IIM #lM V\c£*^14 words
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Page 19 Advertisements
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Advertisement482 1990-08-11 19 Singapore Institute Jrfc of Standards and Industrial Research §SSIR A key player in promoting development in Singapore, our prime priority is to moke technology work tor Singapore industry in order to give them the leading edge in world markets. yyyyyyyyy/y' As we continue to set the highest standard for research482 words
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Advertisement216 1990-08-11 19 DHL IN THE NEWS DHL EXPANDS INTO INDOCHINA rr With rich natural nationally, DHL has set up offices service for our outgoing docuresources and abundant supply in Cambodia. Laos, Vietnam ments since we started business of labour, Indochina has been and Myanmar in Vietnam" said the Managing seen by foreign216 words
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Page 21 Advertisements
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Advertisement676 1990-08-11 21 QOM HONG LEONG FINANCE SINGAPORE FINANCE TAATS tVJrt 4 HOME ONE OR MORE OF MORE FREE GIFTS 4408 ITEMS v "ijSytSn PHtUPSGVTnVMS* im<nl W&Pt Better More Prizes In Our Grand Lucky Draw mjao 'xuat P Take home bottles of Otard XO. VSOP and/or Cw Red/Wlute Wmc to celebrate Teletext Double676 words
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Page 21 Miscellaneous
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Miscellaneous23 1990-08-11 21 m*, WW mji OtC J &'>> t r:ij&fiH, .1 I V J 1 "I'm one of the unlucky ones I've never been overrated" Punch23 words
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Page 22 Advertisements
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Advertisement285 1990-08-11 22 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE CALIFORNIA DREAMING. West Coast Cuisine at The Palm Grill, August 6 18. Chef Lawrence Vito of The Stanford Court Hotel, San Francisco is a master of this refreshingly different style of cooking. Acclaimed for285 words
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Advertisement308 1990-08-11 22 (C n Happy 25th ALL OUTLETS Vanda Cocktail 9.50" PETE'S PLACE 25th Anniversary Cake lkg $28.00*. I.skg $42.00* 25th Anniversary Pizza 25 Ingredients $13.90'* PLUMS Singapore Dinner Buftet August Ist-12th only Adult $24.00" Child 16.00" Singaporean High Tea 2.30pm 5.30pm $14.50" •Plus 4% govt tax ♦•Plus 10% service charge A308 words
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Advertisement273 1990-08-11 22 25% OFF Celebrate Singapore's 25th Birthday with an unbeatable 25% Discount on all a-l a-carte dishes at the Seafood-Theatre Restaurant. J Feast on a dazzling selection of Cantonese-Thai delicacies, from Spicy Seafood Combination to Braised Beef j Tendon, all prepared to perfection with the choicest ingredients. z' Offer Valid: For273 words
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Advertisement321 1990-08-11 22 i < Say cheese to— < I SWISS I The Swiss have such wonderful ways with cheese. Savour them and more at The Belvedere's Swiss Buffet this month P < SWISS BUFFET LUNCH < K August 1 31, Noon 130 pm Adult: $36++, Child below 10: $18++ k We serve321 words
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Page 23 Advertisements
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Advertisement202 1990-08-11 23 \([.$\;>}'!@*/<[*.)~[/[)|?,"@._ Just Your Tea. Teatime at Cafe-in-the-Park is a delight: a generous buffet spread of oven-fresh teatime treats accompanied by exquisite blends of tea and coffee. A® Century Park Sheraton Singapore NASSIM HILL, SINGAPORE 1025. TEL: 7J2 1222. I CENTURY PARK SHERATON IS OPERATED BY ANA HOTELS. jj/J We make202 words
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Advertisement124 1990-08-11 23 Tn/%||/ II Restaurant and .1 1 KVJIIVA% Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE RUSSIAN STEAMBOAT (Fish Fillet, King Prawn, Pork, Cuttlefish, Green Vegetables, Beef) with CHICKEN FRAGRANT RICE serving A la Carte as usual Restaurant Hours wo j Karaoke Hours Mondays to Saturdays Daily 11.30 am to 2.30pm 7.00pm124 words
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Page 24 Miscellaneous
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Miscellaneous1711 1990-08-11 24 TODAY'S TV HHffPNPNilßill Deer IMHI [»J lH NN News (M). Echoes of Toys Sizzling u| jjjj*. Another Spectacular, Entertainment Prosuccumbs to post-war be- gramme. and goes on on about the she can't be as success- 200 Saturday Afternoon Movie war that's as her brother 77 of War (Sce Pat Delany1,711 words
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Miscellaneous652 1990-08-11 24 MOVIES ON TV i 1 M OA action. Together with Carol cnrS? 8 10.30pm, K ane> Jonathan Pryce and 12 Tracey Ullman, the woman A young actress discovers with more hair than dash is that it's not so great to have drawn into some inconsean admirer, especially when qU ential,652 words
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