The Business Times, 1 September 1990
1990-09-01
1
28
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The Business Times
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Title Section11 1990-09-01 1 Business Times MCI (P) 170/12/89 Weekend Edition, September 1-2 1990 75*11 words
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NEWS & MARKETS SUMMARY
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80 1990-09-01 1 JORDAN is sending spy planes over Saudi Arabia to monitor Arab and western troop movements on behalf of Iraq, an Israeli military source said yesterday. Jordan had also increased reconnaissance flights along its border with Israel on Iraq's behalf. "Jordan is carrying out reconnaissance80 words
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Article53 1990-09-01 1 Reuter US BLUE CHIPS recovered some early losses yesterday but remained weak in midmorning activity. The Mideast crisis continued to be the focal point of investors, particularly with a long weekend ahead of them. The Dow 30 was down about 10 to 2583. Losers led gainers by aboutReuter - 53 words
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Article45 1990-09-01 1 LONDON share prices were slightly firmer at midday yesterday in dull trading. At 1109 GMT, the broad-based Financial Times-Stock Exchange 100-share index was up 2.9 points at 2,156.5. At 1100 GMT, the narrower Financial Times 30-share index was up 3.7 points at 1,691.6.45 words
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Article50 1990-09-01 1 LOCAL contractors won $555 m worth of export orders in the first six months of this year, a rise of more than 50pc over the same period last year. The figure is about 69pc of the total construction exports for the whole of last year. Page 250 words
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Article28 1990-09-01 1 EASE interest rates now and the Fed may bring about still higher inflation. Wait, and the chance to avoid recession might be lost Page 628 words
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Article, Illustration28 1990-09-01 1 Friday Change BT-MGA 650.19 7.60 Kuala Lumpur ....Closed Hongkong 3,087.50 23.31 Tokyo 25,978.37 +308.41 Sydney 1,505.7 +2.4 Thursday Change New York 2593.32 -39.11 London 2153.60 +27.9028 words
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Article22 1990-09-01 1 Exchange rates US$ s$ 1.7650 Yen S$ 1.2231 MS SS0.6564 Money market rates Overnight 4 1/2 -2 3-month 6 11/16 -1/1622 words
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Article33 1990-09-01 1 London GoM PM fix US$387.75 -US$2.00 Ru t>6er S'pore Sep.... I6l.00«/kg +0.50 M'sia Sep Mclosed '/kg unch KL Tin Turnover tonnes Spot M$close/kg Crudo palm oil Turnover closed lots Sept M$ /tonne33 words
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431 1990-09-01 1 Magdalene Ng - By Magdalene Ng THE STOCK exchange has tightened its grip on member firms owing to the wild gyrations in stock markets worldwide following the eruption of the Gulf crisis nearly a month ago. Broking houses have, since the crisis started on Aug 2, been431 words
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Article, Illustration423 1990-09-01 1 The Gulf Crisis Agencies UN Secretary-General Javier Perez de Cuellar, probing for a diplomatic opening in the Gulf crisis, met Iraqi Foreign Minister Tareq Aziz for two hours in Jordan yesterday and scheduled a second session. "We had a useful discussionAgencies - 423 words
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Article121 1990-09-01 1 ASIAN stock markets continued to rise yesterday in the absence of bad news from the Gulf. Tokyo again led the way with the 225-issue Nikkei Stock Average rising 308.41 points to 25,978.37. In Singapore, share prices continued to rally across the board for the second day in121 words
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285 1990-09-01 1 SHELL last night raised its petrol pump price by a massive 20 cents per litre a 16 per cent rise in what is possibly the highest increase in over five years. The new price for premium petrol is 143.2 cents per litre,285 words
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555 1990-09-01 1 Amy Balan - By Amy Balan WITH the continuing uncertainty in the Gulf, United Industrial Corporation has reserved the right to call off its $338 million rights issue should its underwriters pull out for any reason. As the UIC rights issue is the only one555 words
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Page 1 Advertisements
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Advertisement120 1990-09-01 1 Nikon Th« Vferid'a Flnost Photographic System. COVER for HK yuppies. FT 1 Aircraft Schedule EL 11 Commodities 15 Cryptic Crossword EL 11 Futures Opboos 14 Home News 2 HK S Tokyo Stocks 11 Interbank Fore* Rates 14 KISE 10 Money Changer Rates EL 11 Money Market 14 Reportal News 5120 words
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Advertisement17 1990-09-01 1 OPINIONS Batam: why an SME, MNC mix is best. EL 2 Saddam and La Cicciolina. EL 217 words
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Advertisement29 1990-09-01 1 SPORTS The one and only Jimbo. EL 3 Norman wants repeat win at Milwaukee. EL 3 Oil shortage feared, Pg 6 US plans to stabilise oil market, Pg 629 words
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Advertisement168 1990-09-01 1 PURSUITS Falling for autumn shades. EL 6 j^BSSH Since 1735 there has never been a quartz Blancpain watch. And there never will be. ZV 8 wKZ m' ijl H Model shown 6595 1418 58 ,1B BlancpaiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and168 words
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Advertisement20 1990-09-01 1 Nikon TlwtttocM'sFlnMt Photoyphte 3yHn>. FINANCE The selling has barely begun. EL 8 The best returns for your deposits. EL 920 words
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Advertisement24 1990-09-01 1 JOBS Stopping high-flyers from flying away. EL 10 Still long hours in Japan. EL 10 Singland yields fourmonth net profit of $11.12 m, Pg324 words
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HOME NEWS
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NEWS ROUNDUP
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58 1990-09-01 2 MR JUSTICE Wee Chong Jin will be retiring as Chief Justice on Sep 27. The Prime Minister has advised the President to appoint Mr Justice Yong Pung How as the new Chief Justice of the Supreme Court from Sep 28, in accordance58 words
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Article43 1990-09-01 2 A GOVERNMENT-ENDORSED Strategic Alliance for Computer Integrated Manufacturing (CIM) has received a boost with a $800,000 fund from IBM Singapore. A memorandum of understanding has been signed between Automation Leasing and Consultancy, IBM and the Gintic Institute of CIM.43 words
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Article53 1990-09-01 2 NATIONAL DAY decorations must be taken down by the end of the first week of September, in compliance with regulations. Residents and organisations are requested to hand over to the Residents Committees or Community Centres the soiled or torn flags for proper disposal, said the Ministry Of53 words
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Article78 1990-09-01 2 ASIAWEEK magazine will have an increased circulation of 7,500 copies per issue in Singapore from today, said the Ministry for Communications and Information yesterday. The weekly was declared under the Newspaper and Printing Presses Act as a newspaper engaging in the domestic politics of Singapore in 1987.78 words
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Article65 1990-09-01 2 FROM TODAY, Changi Airport's two new multi-storey carparks (MSC B and C) will be open to the public. Parking at both carparks is free from September to end-October to allow the public to familiarise themselves with the new roadway system to the airport's Terminal 2, now65 words
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Article73 1990-09-01 2 IN A story yesterday on the results of Rothmans and BritishAmerican Tobacco Company (Singapore), we erroneously said the major shareholders of BAT (Spore) were International Cigarette Consultants (Far East), Tobacco Exports International (Hongkong) and the Abu Dhabi Investment Authority. They are actually the major shareholders of Rothmans.73 words
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Article, Illustration354 1990-09-01 2 Suzanne Soh - By Suzanne Soh LOCAL contractors won $555 million worth of export orders in the first six months of this year, a rise of more than 50 per cent over the same period last year. The figure is about 69 per cent ofSource: International Allairs Unit, CIDB - 354 words
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Article265 1990-09-01 2 Dexter Lee - By Dexter Lee AIR CANADA will introduce a new long-haul service from Singapore to Vancouver via Seoul next year which will form part of a round-the-world trip which it claims to be the first in the world. The aircraft will leave Singapore for Seoul,265 words
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Article, Illustration407 1990-09-01 2 John Tan - By John Tan LUXURY goods trader FJ Benjamin (FJB) has bought over Kevin House for $37 million and is now looking for a warehouse. "We need space of about 20,000 to 30,000 sq ft for warehousing," Frank Benjamin told BT. Mr Benjamin407 words
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SHIPS IN PORT
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Article560 1990-09-01 2 to* fry Hp toft fctM Ogrtw Keppd Wharves AR*s 40 K34 alongside 02 09/1500 Ms Endeavor 22WB K30 alongside 3108/1600 Andaman Pees 20/90 (P) R35 alongside 3108/1700 G Harvest 3/90 K18 alongside 01 09/2300 Isia Florean 1105E K29 alongside 0109/0700 1 Kota Setati E 863 K31 alongside560 words
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Article1085 1990-09-01 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Period From To From P of DscBal Space Aha Bhum 56S 1 31/1500 31/1659 31/1900 3 01/0700 01/1159 01/1400 At Shamuh 73 3 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 A* Victory ***** 21,085 words
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SINGAPORE – MALAYSIA COMPANY x NEWS
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489 1990-09-01 3 Elaine Koh - By Elaine Koh SINGAPORE LAND has reported a group profit after tax and minority interests of $11.12 million for the four months ended June 30. The group decided to release its four-month results, instead of the usual six months, following its move489 words
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229 1990-09-01 3 MBT MELEWAR Corp believes that an extra television network is needed in the KJang Valley in view of the growing number of tourists and the high level of investment which has resulted in more expatriates living in the area. Managing director Tunku IskandarMBT - 229 words
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Article829 1990-09-01 3 Price* (as at 30.8.90) Conversion terms ,j!T n um Expiry (discount) Amount Optional" using Company laaued Wrta Share Ln atk k i Gearing 4 < munl< Conw Exar nom Cash Cash' Ln stk 2 Dat# ratio price valua I I C4CWI 37.5 1.460 3.840 1.00 3.09829 words
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Article, Illustration405 1990-09-01 3 William Chia - By William Chia SHIPPING COMPANY Hai Sun Hup is planning to acquire the property company that owns its offices at Southpoint Building in Cantonment Road for $16 million. Hai Sun Hup said yesterday that it was acquiring the two issued 1 shares405 words
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Article109 1990-09-01 3 Bernama TAN CHONG Motor Holdings' interim pre-tax profit for the six months ended June 30 reached M$ 128.105 million, more than double that of a year ago. In its statement of unaudited interim results, Tan Chong said the recent result was 103 per cent better thanBernama - 109 words
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Article389 1990-09-01 3 MBT MEGA First Corp has entered into an agreement to acquire a 70 per cent stake in Mamut Copper Mining for MS 105 million to be satisfied by the issue of 105 million new Mega First shares of MSI each at par. MegaMBT - 389 words
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268 1990-09-01 3 Lim Mui Khi - By Lim Mui Khi DBS LAND Ltd has agreed to buy a 70 per cent stake in Enctech Investment Pte Ltd to allow it to expand overseas and into the related businesses of control and automation of mechanical and electrical systems for268 words
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178 1990-09-01 3 MBT BANK of Commerce has projected a group pre-tax profit of M 522.72 million for the year ending Aug 31, 1990 equal to gross earnings of 31.3 sen per share. Gross dividend is expected to be maintained at 5 per cent based onMBT - 178 words
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COMPANY BRIEFS
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55 1990-09-01 3 COLD STORAGE HOLDINGS has received court approval for its capital reduction exercise. Directors said yesterday that the court order had been extracted and would be filed soon with the Registry of Companies. They will then inform shareholders of the books closure date to55 words
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Article29 1990-09-01 3 THE STOCK EXCHANGE of Singapore has asked Singapore Fodder if it knew of any reason for the substantial rise in its price and volume recently.29 words
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Article27 1990-09-01 3 THE INSURANCE CORPORATION of Singapore has asked for a temporary suspension of trading till next Monday pending the announcement of its interim results.27 words
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Article32 1990-09-01 3 OCBC BANK has confirmed a BT report that it has purchased a seat on the Manila Stock Exchange for four million pesos through wholly-owned Provident Securities Pte Ltd.32 words
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Article22 1990-09-01 3 GENERAL SECURITIES INVESTMENTS Ltd said its net tangible asset backing per share was $2.76 as at July 31.22 words
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Article41 1990-09-01 3 TRADING in 255.6 million ABN Amro shares of five Dutch guilders par value each will commence next Monday under the Finance sector. ABN Amro is the result of a merger between Amsterdam-Rotterdam Bank and Algemene Bank Nederland.41 words
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Article69 1990-09-01 3 KERTAM HOLDINGS Bhd's interim pre-tax profit for the six months ended June 30 rose 122 per cent over the previous corresponding period to M 54.58 million. Interim group turnover rose 15 per cent to M 520.8 million from M 518.2 million a year before, as a69 words
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Article66 1990-09-01 3 LEMBAGA TABUNG Angkatan Tentera (LTAT) has secured 145 million shares or 81.6 per cent of the shareholding of Boustead Holdings Bhd at the expiry of its offer for the shares of the company on Thursday. Total acceptances amounted to 62.6 million shares or 35.17 per cent66 words
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Page 3 Advertisements
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Advertisement211 1990-09-01 3 SINGAPORE'S RESTAURANTS Symbols TUNK-KA OF THAILAND Rated as one of the 100 BEST restaurants in Singapore, Tunk ka of Thailand scored FULL MARK for its food quality. It's the choice of Tatler's readers of the best place to eat in Singapore. At Tunk-ka, it's more than a matter of taste!211 words
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COMPANY NEWS
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COMPANY BRIEFS
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92 1990-09-01 4 STANDARD CHARTERED Bank has lowered its Taiwan prime rate to 13.5 per cent from 14 per cent effective yesterday, it said in a statement. The bank said it lowered the rate against the background of easier money market conditions. The bank also reduced deposit rates,92 words
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Article176 1990-09-01 4 SWIRE PACIFIC Ltd, its first-half net profit pared bv a shift in its property division, will have a better second halt despite mild fallout from the Gulf crisis and higher oil prices, Swire chairman David Gledhill said in a statement. Swire posted a 16.6 per cent drop176 words
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Article95 1990-09-01 4 THE US Federal Reserve proposed amending its regulations to allow bank holding companies to cany out full-service securities brokerage business and certain financial advisory •activities without having to seek specific permission to do so from the central bank. The Fed said the proposed revision would not expand95 words
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Article108 1990-09-01 4 THE BROKEN HILL Pty Co Ltd said it expects a satisfactory performance in the 1990/91 year despite slowing world economic growth. "Modest growth in demand in international markets for commodities and steel is expected, with the strongest demand in the expanding Asian markets," BHP said in its108 words
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Article145 1990-09-01 4 ARGENTINA'S Peronist government is close to securing the assent of creditor banks to complete its first major privatisation, the sale of the ailing ENTeI telephone company. "Some small banks have yet to grant the waiver, as well as large ones like Midland Bank and Lloyds Bank.145 words
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Article99 1990-09-01 4 TRANSWORLD Insurance Agency Co Ltd, a 60 per cent owned unit of trading house Mitsubishi Corp, will start a life insurance business early next month in South-east Asia in cooperation with Meijiseimei International Hong Kong Ltd. a Mitsubishi spokesman said. Meijiseimei International is a wholly owned subsidiary of99 words
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268 1990-09-01 4 AFP WEST GERMAN car maker Volkswagen said on Thursday that its net consolidated profit rose 6.2 per cent in the first half of this year to 428 million D-marks (US$274 million) from 403 million a year earlier. Consolidated sales climbed 6.2AFP - 268 words
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412 1990-09-01 4 Group says profits should be satisfactory this year Reuter DAIMLER-BENZ AG said it would be able to reach its sales target of 85 billion marks this year if economic conditions continue to be favourable and profits for the year should be satisfactory. "Because ofReuter - 412 words
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Article, Illustration339 1990-09-01 4 NYT DALLAS INVESTOR Harold Simmons disclosed on Thursday that he had raised his stake in Lockheed Corp to 19.8 per cent, as high as he can without triggering the company's "poison pill" antitakeover plan. Mr Simmons, who lost a proxy fight for control of LockheedNYT - 339 words
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419 1990-09-01 4 Reuter AMERICAN auto companies with large overseas operations, paper and chemical groups, and makers of textiles and rubber products will be among the first to benefit from the weak dollar, now at historical lows, economists said. "The industries that are heavilyReuter - 419 words
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243 1990-09-01 4 FINANCIAL services group Sun Hung Kai and Co has announced a 16 per cent drop in interim post-tax profits to HKSB7 million from HK$ 103.09 million a year ago. Earnings per share were 14.9 cents against 17.9 cents and the interim243 words
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Article, Illustration374 1990-09-01 4 Trump denies news that Plaza is up for sale NYT THE TRUMP Organisation has denied that the Plaza Hotel in Manhattan is being looked at by prospective buyers and may be sold within several months. But a person close to the organisation repeated earlier statements that potential buyers had beenNYT - 374 words
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380 1990-09-01 4 Number l i n^ Gross Ym Coupon Amounl Interest „fdays of P? 6 redemption Maturity rat# payment acc^#d (excluding d ral##d (%pa) dates nt r##t accrued (%pa Interest) 1.9.90 N*****1Z 1988 51/8# 450.00 1/3 1/9 183 100.00# 5.13# 1.12.90 Loan *****380 words
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Page 4 Advertisements
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Advertisement69 1990-09-01 4 SSS ELECTRONICS (SINGAPORE) PTE LTD 2 Leng Kee Road #04-05 A Thye Hong Centre Singapore 0315 Tel: *****77 Fax: *****58 All Valued Business Associates The ESS ELECTRONICS GROUP has grown up! THANKS Our Growth is Your Support As from today, we are glad to inform that Source I Systems Pte.69 words
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THE REGION
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536 1990-09-01 5 They have high dependence on exports, says report HONGKONG and Singapore will be the worst affected economies in the Pacific as a result of a recession in the United States and its knock-on effects on world trade, the Bangkok Post reported on Thursday, quoting536 words
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Article, Illustration53 1990-09-01 5 Malaysian King Sultan Azlan Shah (centre) taking the salute as the mounted police pass in review during the National Day Parade yesterday. The King, together with Prime Minister Datuk Seri Dr Mahathir Mohamad (left) and his cabinet ministers, joined Malaysians to celebrate the country's 33rd anniversary ofReuter picture - 53 words
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367 1990-09-01 5 Reuter BIG BUSINESS has torpedoed a Philippine government plan for major tariff restructuring, with Finance Secretary Jesus Estanislao fighting a rearguard action for comprehensive reforms to revive the flagging economy. The new tariff structure, designed to remove or reduce protection for inefficient Philippine industries,Reuter - 367 words
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207 1990-09-01 5 THE COST of building a new airport in Hongkong could rise to more than double the government's estimate of HKSI27 billion by the scheduled completion date in 1997, The South China Morning Post reported on Thursday. The deputy convenor of the Legislative207 words
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573 1990-09-01 5 Impact of Gulf crisis on Thailand NYT BRASH and booming Thailand, which has been enjoying some of the world's highest growth rates in the last few years, has suffered something of a nervous breakdown, as the shockwaves set off by President Saddam Hussein of IraqNYT - 573 words
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Article300 1990-09-01 5 THE BANK of Thailand is considering slowing down the pace of financial reform and deregulation as the Middle East crisis forces oil prices higher and threatens to dampen the robust growth of the Thai economy next year. The Nation reported on Thursday. Chavalit Thanachanan, the300 words
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NOTE BOOK
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75 1990-09-01 5 THAILAND'S BUREAUCRACY, burdened by century-old structures and red-tape, will be radically streamlined within a year. Prime Minister Chatichai Choonhavan said. In remarks published in newspapers yesterday he said rapid economic and social changes had prompted the need to overhaul institutions which had not75 words
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Article82 1990-09-01 5 SRI LANKA'S BUDGET for 1991 is expected to be higher than this year due to increased defence spending and the Gulf crisis. Cabinet spokesman Ranjan Wijeratne said the 1991 budget was estimated at 139 billion rupees (US$3.4 billion), up from estimated 103 billion rupees this year.82 words
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Article65 1990-09-01 5 MORE THAN one million Sri Lankans have become refugees due to the violence in the northeast and Colombo has to spend millions of rupees daily to house and feed them. An ofTicial communique on Thursday quoted the Commissioner General of Essential Services, Charitha Ratwatte, as saying65 words
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Article63 1990-09-01 5 KAYSONE PHOMVIHANE, prime minister of Laos since the communist takeover 15 years ago, has been ill for at least a month and may be seriously incapacitated. Diplomats yesterday said the 70-year-old ruling party and government head had not met visiting Japanese Foreign Minister Taro Nakayama in63 words
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305 1990-09-01 5 A HUGE petrochemical complex is being considered in the south of Thailand as an integral part of the ambitious Southern Seaboard Development Programme (SSDP), The Bangkok Post reported on Thursday. Minister Kom Tapparangsce of the Prime Minister's Office said yesterday the complex305 words
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Page 5 Advertisements
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Advertisement7 1990-09-01 5 black POTTCRV Shangri-La Souvenirs 135 Tel: *****627 words
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Advertisement127 1990-09-01 5 HM THE 22ND SINGAPORE INTERNATIONAL Sggii FESTIVAL OF BOOKS AND BOOK FAIR'9O "READING ODYSSEY" 1 September 9 September World Trade Centre Halls 4& 5 Nam to 9pm Daily ADMISSION FREE! ALL ARE WELCOME! The largest Book Fair it.ooam B.oopm Seminar on ever held in Singapoie. "Selling More Books In Over127 words
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THE WORLD
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536 1990-09-01 6 Reuter HASP interest rates now and the Federal Reserve may bring about still higher inflak>n. Wait, and the chance to void recession might be lost. The Fed is facing its oughcst challenge of the nonth-long Middle Fast criis, andReuter - 536 words
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Article, Illustration62 1990-09-01 6 Police firing on student demonstrators at the University of the Western Cape in Bellville near Cape Town, in the econd day of clashes. The students werf pic kf ting at the university's main gate against the violence in the Transvaal that has claimed more thanReuter picture - 62 words
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258 1990-09-01 6 Reuter INTERNATIONAL business groups see attempts in the US Congress to control foreign investment as a sign of a mounting backlash against their role in the American economy. The populist sentiment follows a huge surge in the past decade of foreign purchases of USReuter - 258 words
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WORLD WATCH
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76 1990-09-01 6 AMERICAN ORDERS to factories for manufactured goods lose 1.6 per ccnt in July, nearly regaining their June decline as they continued to follow a zigzag path this year. The Commerce Department reported on Thursday orders for both durable and non-durable goods totalled a76 words
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Article97 1990-09-01 6 JAPAN'S CONSUMER PRICES rose 2.3 per ccnt in July fiom a year earlier, but were down 0.1 per cent from June, i he Management and Coordination Agency reported yesterday the consumer price index for July stood at 106.4 against the base figure of 100 for 1985.97 words
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Article96 1990-09-01 6 JAPAN'S MINISTRY of Finance has ordered four brokerages to suspend operations at certain branches for their involvement in a stock manipulation case. A ministry official said two-day suspensions, on Sep 3 and 4, will affect Daiwa Securities Co Ltd's Hibiya branch in Tokyo, National Securities C o96 words
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Article86 1990-09-01 6 I ME DEPUTY CHAIRMAN of the British Petroleum Co vtid on Thursday that he expected the new Opec production agreement to keep oil prices in the mid-USs2os. David A G Sir.ion also gave more details about proposed plans for a stiategic alliance between British Petroleum, the86 words
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Article73 1990-09-01 6 US TRADE with communist nations fell into a deficit of US$929 million in the first quarter of 1990, against a US$353 million surplus in the same period last year, according to a study by the US International Trade Commission, ihe study showed US exports73 words
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67 1990-09-01 6 I HE HEAD of Europe's airline lobby has urged governments nnd carriers to join forces to improve inadequate airport and traffic control facilities that threaten to stall a projected air travel boom. Association of European Airlines secretary general Karl-Heinz Neumeister called civil aviation a growth67 words
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222 1990-09-01 6 Reuter SOUTH KOREA has revised downward its 1990 forecast for both exports and imports because of the Gulf crisis, Economic Planning Minister Lee Seung-yun said. "The crisis in the Persian Gulf would reduce shipments to the Middle East and cause a bigger oil bill,"Reuter - 222 words
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469 1990-09-01 6 AP THE TAIPEI government says the love affair with China needs better chaperoning to prevent the Communists from taking advantage, and plans to restrict investments on the mainland that could harm Taiwan's economy. "The Chinese Communists are conducting trade as part of aAP - 469 words
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482 1990-09-01 6 The Gulf Crisis NYT OFFIC lALS at the International Energy Agency, which represents 21 oil-consuming nations, predict that a substantial oil shortage will develop late this year. At present, however, daily worldwide demand for oil is only slightly greater than supply, despiteNYT - 482 words
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287 1990-09-01 6 NYT UNITED STATES Energy Secretary James Watkins said on Thursday that the Bush administration was responding to the Persian Gulf crisis with a "short-term strategy" for stabilising oil markets by raising domestic production and encouraging conservation. It will not speed up a newNYT - 287 words
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Article, Illustration43 1990-09-01 6 protester holding up a sign on Thursday during a demonstration held outside United Nations Secretary-General Javier Perez De Cuellar's hotel in Amman. Mr De Cuellar was in Amman to meet Iraqi Foreign Minister Tarek Aziz. Reuter picture Reuter pictureReuter picture - 43 words
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307 1990-09-01 6 AP T HE Ciulf crisis has some shipping investors nervous. Stock market shipping indexes have slumped about 25 per cent worldwide since Iraq's Aug 2 invasion of Kuwait, according to a Lloyd's List International spokesman in London. "A lot of Norwegian andAP - 307 words
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Page 7 Advertisements
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Advertisement42 1990-09-01 7 An Australian Sports Marketing Event BEDBERC vs CHANG PLUS SUPPORT MATCH FEATURING TWO INTERNATIONALS SINGAPORE INDOOR STADIUM 7PM SATURDAY 29TH SEPTEMBER 1990 WISMA ATRIA I'STKTRES CLIFFORD PIER PROUDLY SPONSORED BY VOLVO ps| LONGINES ppw ""JT 51 The Westin Stamford IjS^hil mm Stn^pofp42 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4322 1990-09-01 8 Abdul Hadhi - By Abdul Hadhi FOLLOWING TOKYO'S lead, share prices on the Singapore stockmarket rose across the board yesterday. Brokers said the market was dominated by retail investors. Most of the institutions were unwilling to take up positions ahead of the weekend and a US4,322 words
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Article3926 1990-09-01 9 Main Board BAT 22* 376 +76 +25.3* Isetan SO* 690 +25 +3 8* Inchcape 492 +22 +4.7* Singmarine 50* 378 +22 +6.2* Roth Inds 50» 348 +22 +6.7* Spore Und 1250 20 +16* Asia Pacific 895 +20 +2.3% FAN 770 +20 +2.7% FELS 50* 7003,926 words
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Article2896 1990-09-01 10 1940 last Vol Day Net Cap High Low Company Stic "000 High law P/E Smil INDUSTRIALS 336 143 AISB 50« 193 7 83 194 190 23.3 198.0 655 368 ASM 50« 452 10 8 452 450 32.3 1854.4 306 210 Ajinomoto 250 22.1 77.1 218 1152,896 words
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Page 10 Advertisements
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Advertisement162 1990-09-01 10 The Kuala Lumpur Stock Kxchange was closed yesterday for Malaysia's National Day BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we162 words
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Advertisement100 1990-09-01 10 Property The property market has been forging ahead in the past two years. The question now is, will it hold? Business Times special supplement on property and construction looks at the trends in the residential, commercial, industrial, retail and hotel sectors. With Singapore companies looking further afield for opportunities, we100 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2288 1990-09-01 11 Reuter TOKYO STOCKS closcd firmer yesterday on heavy buying of the cash indices by trust funds. Stocks climbed in the afternoon as speculator favourites were bought aggressively on hopes the resulting gains would spread to the broader market, only to decline onReuter - 2,288 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2608 1990-09-01 11 Reuter BARGAIN-HUNTING for a handful of property and utility stocks drove the blue chip indicator up to a higher close yesterday but lingering caution kept trading volume at low levels ahead of the weekend, brokers said. The Hang Seng index advanced 23.31 toReuter - 2,608 words
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REGIONAL STOCK MARKETS
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Australian stocks close firmer
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Article987 1990-09-01 12 THE AUSTRALIAN sharemarket closed firmer yesterday but off its morning highs, with most activity based on options related trading in major stocks. But the market tended to flounder with little local or international news to spur investors. The All Ordinaries closed 2.4 points higher at 1,505.7. The All Industrials987 words
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Article500 1990-09-01 12 PHILIPPINE SHARE prices rebounded slightly yesterday to end a two-day fall on restrained bargain-hunting amid uncertainty over what might happen in the Gulf over the coming weekend, brokers said. The Manila Stock Exchange com- posite index closed at 750.27, up 9.77 points from Thursday. Trade was moderate and slow500 words
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Article80 1990-09-01 12 BOMBAY STOCK Exchange (BSE) share prices climbed to a new peak in heavy speculative buying on Thursday. The state-owned mutual funds stayed away from the market and most of the buying was done by private investors. The Bombay Stock Exchange index soared 50.33 points to reach a record 1247.53.80 words
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Article719 1990-09-01 12 THAI STOCKS shot up across the board yesterday on strong demand from a broker's investment fund and a rally in the finance sector, brokers said. The SET Index rose 22.95 points to end at 862.75 in heavy turnover of 3.3 billion baht. Gains outnumbered losses 149 to 21. Most719 words
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Article280 1990-09-01 12 THE NEW ZEALAND bourse ended the week on a firmer note yesterday, but profit-takers and buyer apathy eroded more than half of its morning gains. The Barclays Index estimate rose 9.41 to 1,645.99, having risen 20.10 points in the morning. But it was still up 7.03 per cent280 words
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Article840 1990-09-01 12 SEOUL SHARES nosedived across the board for the second day in a row as investors, disappointed at the government's lukewarm stock market policy, continued their selling spree yesterday. The composite index tell 19.98 points to 606.87, with volume at 148.9 billion won against 208.8 billion on Thursday. "Investors' expectations840 words
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Article350 1990-09-01 12 TAIWAN STOCKS surged yesterday as investors recovered buying interest, sending the weighted index up 6.76 per cent, a fraction of a point below its record for a daily rise, dealers said. The weighted index gained 230.07 points to finish at 3,635.28. Turnover was NT541.40 billion against NT546.7 billion. The350 words
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Article600 1990-09-01 12 Reuter PRICES ON the Jakarta stock exchange closed higher yesterday, pushing the composite index 11.64 points up to 571.02, but turnover fell to 2.71 million shares from Thursday's 3.77 million. Sentiment remained bullish on the banking sector, with Bank Duta and Bank Umum Nasional (BUN) dominating the regular marketReuter - 600 words
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Article457 1990-09-01 12 CVmc Preriow Aug 31 SYDNEY All Ordinaries Index 1,505.7 1503.3 +2.4 All Industrials Index 2,268.7 2266.8 +1.9 All Resources Index 914 6 9119 +2.7 Turnover (million) NA 308.62 BANGKOK SET Index 862.75 839.80+ 88 64 2 Turnover (nearest '000) 3,300 NA JAKARTA Composite Index 571.02 559.38. +11.64 Turnover (nearest '000)457 words
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Page 12 Advertisements
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Advertisement11 1990-09-01 12 Closing prices for all markets excel Taipei are provided by Telerate.11 words
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WORLD STOCK MARKETS
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US blue chips extend losses in late action
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Article, Illustration1098 1990-09-01 13 US BLUE CHIPS extended losses in late trading on Thursday, with some futures-related programme selling contributing to the decline. Investors also were reluctant to hold shares ahead of an upcoming three-day weekend because of the volatility of the Middle East situation. The Dow Jones industrial average fell about1,098 words
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Article, Illustration853 1990-09-01 13 UK SHARES were sharply higher on Thursday, but down on the day's highs, after Wall Street stocks opened easier. Trading volume remained modest. "It's another quiet day. Some people were expecting the US market to go better and may have been caught off guard when it dropped," one dealer853 words
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Article319 1990-09-01 13 PROFIT-TAKING before the Labour Day long weekend and continuing fears over the Middle East crisis sunk Wall Street and weakened Toronto stocks slightly on Thursday, dealers said. Slim strength in gold and energy shares limited the TSE's downturn, they added. T he composite index eased 9.89 to 3,329.83 on319 words
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Article434 1990-09-01 13 THE JOHANNESBURG stock market closed slightly firmer on Thursday, but dealers said trading was generally quiet and directionless as hesitant investors awaited fresh news on Middle East developments. Gold shares got a boost shortly before the close from a rise in world bullion prices to US$39O and ounce from434 words
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Article344 1990-09-01 13 DUTCH SHARES stabilised in quiet early afternoon trading yesterday at levels below Thursday's close but above their morning lows, dealers said. At 1200 GMT the CBS all-share trend index was down 0.5 points at 102.2, after earlier sinking to 101.6. "It's dead quiet. We have seen no buying or344 words
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Article179 1990-09-01 13 BELGIAN SHARES open narrowly mixed yesterday in a quiet market as nervousness returned over the threat of hostilities erupting in the Gulf. "People are afraid to commit themselves, especially ahead of the weekend," one dealer said. "There are almost no orders." Insurer Groupe AG was again among the biggest179 words
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Article284 1990-09-01 13 SWISS SHARES were easier in very quiet midsession trading yesterday. Dealers said volume was the lowest of the week as uncertainty surrounding the situation in the Gulf depressed sentiment. "It is a standstill. It is like the market is frozen to the ground," one trader said. The number of284 words
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Article188 1990-09-01 13 FRENCH SHARE prices hovered around their lower opening levels by midday yesterday and lost most of the ground they had gained on Thursday in a dull market, dealers said. The CAC-40 index lost 16.84 points, or 0.98 per cent, to 1,1706.25 by 1020 GMT It opened at 1,716.20. Investors188 words
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Article173 1990-09-01 13 ITALIAN SHARE prices dipped in early trading yesterday, but turnover was low ahead of the weekend with the market awaiting developments in the Gulf, brokers said. "Things began on a very weak note, then there was something of a recovery. But nobody has much desire to do business," said173 words
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Article197 1990-09-01 13 THE MARK'S strength against the dollar and continuing concern about the Gulf crisis kept West German share prices under pressure yesterday, although many stocks finished above the session's lows. Results from West Germany's multinationals including VoHt* swagen have highlighted the weakness of the dollar and its negative effect on197 words
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Article148 1990-09-01 13 Aug 30 Close Pre»ioos NEW YORK Dow Jones 2593.32 2632.43 -39.11 NYSE Financial 123 26 124 42 -1.16 SAP 500 318.71 324 19 -5 48 Turnover (million) 120.89 134 24 -13.35 LONDON Financial Times 30 1687 90 1658.90 +-29.00 FTSE 100 2153.60 2125.70 4-2790 Turnover (million) 382 7 297.3 +85.4148 words
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Page 13 Advertisements
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CURRENCY, MONEY & FUTURES MARKETS
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1257 1990-09-01 14 FOREX MARKET REPORTS THE BRITISH pound yesterday fell sharply in London during morning trading, dropping below the three German mark barrier for the first time in more than a week and hitting less than 2.97 marks by late morning. Shortly after1,257 words
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Article393 1990-09-01 14 Cross rates Aug 31 USS S$ MS Dm Yen SFr AS NZS I SS 1.7670 2.6870 1.5620 144 40 0.5225 1.2930 1.2285 1.6234 SS 0.5659 1.5207 ***** 0.8172 0.2957 0.7317 0.6952 0.9187 MS 0.3722 65.76 0.5813 0.5374 0.1944 0.4812 0.4572 0.6042 Dm 0.6402 1.1312 1.7202 92.45 0.3345393 words
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Article1578 1990-09-01 14 SIMEX EUtOOOLUII Open High Low Sett Est Vol Op/lnt Vol Sep 90 9193 9100 9L93 92.00 2300 ***** 1230 Dec 90 92.01 92.07 9199 92.06 6200 ***** ***** Mar 91 9194 92.01 91.91 91 99 2850 6760 3371 Jun 91 91.78 91 86 91.78 91.84 687 1686 9311,578 words
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Article562 1990-09-01 14 Interbank rates S$ Bid Offer Overnight 4 1/2 5 1-month 6 9/16 6 11/16 2-month 6 5/8 6 3/4 3 month 6 11/16 6 13/16 Overnight mode: 6-3/4 ISt Bid Offer 7 days 8 8 1/8 1 month 8 1/16 8 3/16 2 months 8 1/16 8 3/16562 words
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Page 14 Advertisements
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Advertisement5 1990-09-01 14 The Sang Kancil Portfolio hnn^vei^Tuesday5 words
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COMMODITIES
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349 1990-09-01 15 Reuter IDEAL growing weather in the world's major producing countries and bumper harvests are adding to the global wheat surplus, ensuring Hat prices for some time, analysts say.. "Weather has been very good for wheat. The record production that is expectedReuter - 349 words
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258 1990-09-01 15 Reuter MALAYSIA LNG Sdn Bhd (MLNG) signed a contract on Thursday to supply liquefied natural gas to Japan's Saibu Gas Co Ltd, officials of Malaysia's state oil firm Petronas said. The 20-year contract provides for the delivery of 200,000 to 360,000 tonnes a yearReuter - 258 words
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123 1990-09-01 15 Reuter THE PHILIPPINES will divert to the domestic market most of its sugar intended for the world market to meet a rising demand and stem an increase in prices, Sugar Regulatory Administration (SRA) Chairman Arsenio Yulo said. He said the SRA boardReuter - 123 words
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431 1990-09-01 15 REPORTS RUBBER Singapore: RUBBER prices closed marginally higher yesterday with September 1 RSS buyer quoted at 161.00 cents a kg, up half a cent from Thursday's close. Dealers said the afternoon market was very quiet with prices hovering within narrow ranges on431 words
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150 1990-09-01 15 Reuter EUROPEAN Commission vice-president Sir Leon Brittan wants the European Community to scrap the treaty protecting its coal and steel industries, Commission sources said. Coal and steel have been supported through slumps in world demand with price controls and quotas setReuter - 150 words
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Article1396 1990-09-01 15 Rubber A Ug 3i MS (fcHa S cents/kg Noon Close Int I RSS Prompt 160.75/161 75N 161.00/162 OON Int 1 RSS Sep 90 160.75/161.75 161.00/162 OON Int I RSS Oct 160 75/161.75 161 00/162 OON Int 2 RSS OP 154.25/156.25N 154.25/156.25N Int 3 RSS OP 149.75/151.75N 149.75/151.75N Int 41,396 words
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Page 15 Advertisements
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Advertisement27 1990-09-01 15 The Kuala Lumpur markets were closed yesterday for Malaysia's National Day Read Chartpoint, a guide to investing in the stock market. Every Saturday n Business l imes.27 words
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Advertisement217 1990-09-01 15 NOTICES DECADE INVESTMENT PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. SO that the Final Meeting of Members of the above-named Company will be held at ISO Orchard Road, #08-19 Orchard Plaza, Singapore 0923 on Monday, Ist October 1990 at217 words
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Advertisement90 1990-09-01 15 TMPAfI TRADMG PTE LTD NOTICE OF MEETMG OF CREDfTORS NPnCC«Hß«r<aVENpurMrt lo S«ckr 296 o» t» ConprtM AA Cap so tost mMtof ol Cudfcw at tuommti Cmjm b» Md a 36 RoMvcn Real. NMIXB Cly Houm, Stoppcra 0106 on 10 1990 11.00 us tor purpoM Ml out to S«c6«nt 296, 29790 words
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Article, Illustration549 1990-09-01 16 Lim Mui Khi - By Lim Mui Khi THE legal profession must keep pace with Singapore's growth as a major financial, banking and communications centre, Prime Minister Lee Kuan Yew said yesterday. The trend of many small law firms should be reversed, and a core549 words
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341 1990-09-01 16 Reuter THE permanent members of the UN Security Council the United States, the Soviet Union, Britain, China and France in an unusual show of unity on Cambodia, has called on the resistance coalition and the Phnom Penh administration to form a SupremeReuter - 341 words
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259 1990-09-01 16 AP GERMAN leaders met yesterday and signed a treaty meant to reconcile the stark differences between two nations just before they become one. The document was signed by West German Interior Minister Wolfgang Schaeuble and East Gernuuiy's top unity negotiator, Guenther Krause at theAP - 259 words
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405 1990-09-01 16 Yong Pow Ang - By Yong Pow Ang EXTERNAL trade growth came to a standstill in the second quarter of this year compared with the first quarter. Government figures released yesterday show that imports and domestic exports increased slightly between the two quarters, while re-exports dipped. Total405 words
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360 1990-09-01 16 Reuter TAIWAN is poised to open its stock market to limited direct foreign institutional investment, but officials and analysts said yesterday that there are many regulatory tangles still left to unravel. In 1983 Taiwan committed itself to a three-stage opening ofReuter - 360 words
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334 1990-09-01 16 AFP JAPAN'S current account surplus narrowed 63.3 per cent from a year earlier to US$2.O2 billion in July as its services deficit swelled to a new record, the finance ministry said yesterday. The surplus in the current account measuring trade in goods and servicesAFP - 334 words
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397 1990-09-01 16 SOVIET foreign Minister Eduard Shevardnadze left yesterday on a week-long Asian tour to shore up relations with three of the Soviet Union's neighbours China, North Korea and Japan. Mr Shevardnadze's first stop will be China, where he will meet Foreign Minister Qian397 words
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Article, Illustration49 1990-09-01 16 About 200 Filipinos staged a picket outside the Swiss embassy in Manila yesterday demanding that the Swiss government return the ill-gotten wealth deposited in its banks allegedly stolen by the late president Ferdinand Marcos from the country. Reuter picture Reuter pictureReuter picture - 49 words
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398 1990-09-01 16 Reuter SOVIET President Mikhail Gorbachev acknowledged widespread public scepticism over his five-year-old reform programme and warned of economic collapse unless drastic measures were taken urgently. "Some people are wondering whether the present leadership has not plunged the country into another deadly experiment," he told theReuter - 398 words
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Page 16 Advertisements
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Advertisement4 1990-09-01 16 SArchi,) Genuine Leather Collection4 words
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Advertisement4 1990-09-01 16 sAcchU) (ienuiiie Leather Collection4 words
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Executive Lifestyle
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Article, Illustration1052 1990-09-01 17 Stephen Vines - Call them what you like yuppie, Chuppy, Huppy, or even Yau Pei See. Stephen Vines says they know the world's their oyster, and they live by the motto: if you've got it, you'd better flaunt it. Stephen Vines SHE'S WEARING a tight Donna Karan1,052 words
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STRAWS IN THE WIND
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Article99 1990-09-01 17 IS THIS the ultimate in sexism or what? Take this job ad for a personal assistant to the MD of a Swiss investment company. Not only does it specify that applicants have to be female, they have to be "single, tall, mature (27 to 35 years); have a99 words
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Article74 1990-09-01 17 SOMEONE looking for a guide book on cats at a bookshop was at a loss when he scanned the pets section. There were books on how to keep porcupines, how to deal with gorillas and tips on how to care for hamsters and gerbils, but not a single74 words
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Article63 1990-09-01 17 ONE READER was absolutely tickled when a taxi driver gave her a free ride rather than change her $50 note with the proclamation: "No matter. I give you ride free. We all One Nation, One People, One Singapore!" Do you have a straw to share with us?63 words
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OPINIONS
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Article782 1990-09-01 18 Suzanne Soh - Suzanne Soh argues that the smaller investor should not be forgotten in the development of Batam Suzanne Soh Suzanne Soh is a reporter with BT. IN 1980, when Singapore and Indonesia first signed a pact to develop Batam, industrialists called for flexibility. Today,782 words
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344 1990-09-01 18 Michelle Liu - Michelle Liu I AM a small investor in a Unit Trust run by a local bank. When I tried to redeem my units recently, I was told the price quoted by the Trust was merely an "indicative price" because344 words
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182 1990-09-01 18 Edward C H Lira - Edward C H Lira Area Manager Singapore, Malaysia Brunei Emirates The International Airline of the UAE I WOULD like to clarify some points in your report titled Airline bypassing Dubai" (BT, August 25-26). Your paper said that a number of carriers have replaced182 words
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222 1990-09-01 18 Dennis Lee - Dennis Lee IN SPEAKING to your reporter, a misunderstanding seems to have arisen over my views on music exams ("Dennis the Pianist", BT, Aug 18-19), especially those conducted by the Associated Board, London. I was quoted as saying: "A certificate doesn't count222 words
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206 1990-09-01 18 REFERRING to the letters by Mr Experienced But No Paper (EBNP), I tind it amusing that Mr EBNP has problems in distinguishing the step by step approach in obtaining an education and the skills of making fortunes. Before I proceed any further, I206 words
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391 1990-09-01 18 B C Tan - LETTERS TO THE EDITOR B C Tan I REFER to your Spotlight on Management column, "So you want to work with a venture capitalist" (BT, Aug 27). The venture capital industry is still relatively new in Singapore. The traditional Asian businessmen391 words
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Article51 1990-09-01 18 Henry Tun - Henry Tun THE Prime Minister has suggested fullday schooling so that the custodial care of school-going children is made possible. As the job is done by the maid at present, I would like to appeal to the Minister for Labour to abolish the for-eign-maid51 words
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Article, Illustration986 1990-09-01 18 Tye Kim Khiat - Tye Kim Khiat on what the "Butcher of Baghdad" has in common with La Cicciolina of Italy and Hsu Hsia-dan of Taiwan Tye Kim Khiat Tye Kim Khiat is BT's Features Editor. THE GULF Crisis has brought out the true colours, in all their peacock-like986 words
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SPORTS
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Article, Illustration670 1990-09-01 19 Tony Kornheiser - By Tony Kornheiser IHT WHAT DO you mean, Jimbo's not playing? So he cramped up over the weekend against Lendl, so what? Give him some salt tablets. What, is he afraid the next step is mixed doubles with Lot's wife? The US Open without Jimbo?IHT - 670 words
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SIDE LINES
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93 1990-09-01 19 KELLY JONES has been named as one of the players who will be playing the support match for the Volvo Supertennis Challenge featuring Stefan Edberg and Michael Chang. Currently number 86 on the ATP Tour, Jones is no stranger to Singaporeans, having won93 words
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Article146 1990-09-01 19 FORGET leopard. Think cow. Finally, there is sportswear for the cow-conscious. The Milk Advisory Board is introducing leotards, shorts and other clothing adorned with the likeness of the Holstein milk cow's black-and-white splotches. Hoi- steins and all things cowlike are popular, retailers say. "People love cows," said Connie Begg146 words
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Article128 1990-09-01 19 Panel looks to leaner Olympics IN 1988, more than 1,800 athletes competed in track and field at the Olympics, compared with 39 rhythmic gymnasts. Now, a panel studying ways to tighten the size of the games wants to look at both those sports, and all others in between. t The128 words
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Article165 1990-09-01 19 SOME THINGS stick hard in Doug Williams' craw and always will. He's outraged by racism in American football, for instance, and probably never will forgive Tampa Bay Buccaneers owner Hugh Culverhouse for the way he treated him. He's understandably perplexed that no National Football League team expressed165 words
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Article128 1990-09-01 19 MICHAEL THOMAS scored midway through the second half to give Arsenal a 2-1 home victory against Luton in one of five English Soccer League games. The triumph allowed the Gunners to join Liverpool as the only first-division clubs with victories in their first two games of the128 words
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Article, Illustration25 1990-09-01 19 STARTING this week, Golf Rules is back. Attack the game with more humour and you may be surprised at the results. Happy clubbing.25 words
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233 1990-09-01 19 AP JAMES 'Buster' Douglas enjoys being heavyweight champion because he remembers what it was like to be just another name on the undercard. "I haven't forgotten the way it was just six months ago, the way it was going into the (title)AP - 233 words
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Article, Illustration489 1990-09-01 19 AP AUSTRALIAN Greg Norman's 1990 tour of the United States is winding down. That's why he needs a strong showing in the Greater Milwaukee Open to strengthen his lead atop the PGA money list. Norman, with two tour victories, isn't sure if he'll returnAP - 489 words
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593 1990-09-01 19 NYT A DISARMING quiet per- < vades the docks in Newport, Rhode Island each morning, i but the stillness is misleading. Anxious yachtsmen are up < at dawn preparing to race round the world in the BOC i hallenge. They are moving I withNYT - 593 words
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EPICURE
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Article, Illustration860 1990-09-01 20 Quek Swee Peng - Quek Swee Peng partakes of the pink roast in the lounge Quek Swee Peng Lunching at a pub or a bar might not be everyone's cup of tea. It might not seem the place for power eating. While it would be foolhardy to equate it with the likesPunch - 860 words
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LIFESTYLE
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Article, Illustration392 1990-09-01 21 Cassandra How - Cassandra How examines a photocopy technique that produces copies of art pieces true to their originals Cassandra How IT looks like a Renoir. It smells like a Renoir. It even feels like a Renoir. But it's not a Renoir. It's a fake. But an392 words
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Article, Illustration800 1990-09-01 21 N K Yong - In a two-part article, N K Yong talks about the ultimate in nose-ticklers champagne. This week, he writes about the market scene and the various vintages N K Yong IF YOU ARE a champagne freak, and even if you are not but do like800 words
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Article, Illustration566 1990-09-01 21 Tan Boon Tiong - BRIDGE By Tan Boon Tiong WE CONTINUE on the topic of counting in defence. Cover the South and West hands given below before reading on. Imagine that you are East and North is the dummy. The declarer won East's SJ in hand with the Ace566 words
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PURSUITS
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Article, Illustration225 1990-09-01 22 SAMUEL EE - SAMUEL EE THE TREES aren't bare and the ground beneath them isn't golden. Yet, you don't need any (falling leaves on Orchard Road to tell you that the seasons have changed. Here on this tropical isle where men sweat, women perspire and penguins get sunstroke all225 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1053 1990-09-01 24 Amy Balan - Three stockmarket gurus who foresaw the exit of the bull also share the same vision that the bear has yet to breathe its last. Amy Balan gathers the views of these savvy seers Amy Balan WATCH OUT for the bear. There has never been a1,053 words
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Article, Illustration448 1990-09-01 24 David H Weis - CHART By David H Weis Mr Weis is editor and publisher of Technical Forces, a US-based monthly financial advisory service AS A TRADER and an analyst, 1 use the rules and guidelines of the Elliott Wave Principle to locate markets that are448 words
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Article, Illustration892 1990-09-01 24 Merrill LYNCH's technical guru Robert Farrell says the current stockmarket turmoil isn't going to end overnight, unlike the short-lived October 1987 crash. As Barton Biggs, chairman of Morgan Stanley Asset Management, puts it: "The market has conditioned everybody to expect a one-two day892 words
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270 1990-09-01 24 IN THE *****, long before computers made their mark, Richard WyckofT made a bundle studying the ticker tapes that carried the data on stock prices and volume. After lying dormant for many decades, his techniques are now being revived. Conceptually, the Wyckoff Method is built270 words
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DON'T QUOTE ME!
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Article251 1990-09-01 24 BUYING a house in Australia, a hot topic in Singapore, has become a little hotter after the Prime Minister made reference to it in his National Day Rally speech. Mr Lee Kuan Yew said he has been told many times and has also confirmed it himself that251 words
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Article52 1990-09-01 24 THE £5 million fine recently imposed on British businessman Gerald Ronson for his part in the Guinness fraud case was said to be nearly 10 times greater than the previous record in a British court. Wonder whether that will get Mr Ronton into the Guinness Book52 words
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948 1990-09-01 24 Alan Street - TAKING By Alan Street Prof Street is with the NTI. This article, the last in our current Taking Cover series, was contributed by the Life Insurance Association of Singapore OVER THE past few weeks, we have looked at some of the elements that together948 words
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Article, Illustration1196 1990-09-01 25 Diana Oon, Alvin Tay - Cash-rich after selling off your stocks, your next question is where to park all that money. Diana Oon and Alvin Tay take you shopping for the best deposit rates offered by finance companies and banks Diana Oon, Alvin Tay IF YOU dumped your shares1,196 words
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Article, Illustration679 1990-09-01 25 Margaret Thomas - Ever felt led up the garden path by financial experts? Margaret Thomas finds just the right weapons to get ner own back Margaret Thomas Finance is a jungle in which even expert hunters are mauled or eaten. Amateurs stand little chance679 words
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JOBS
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Article, Illustration704 1990-09-01 26 Jamil Husain - By Jamil Husain The writer is a principal of Towers, Perrin, Forster Crosby, and manager of TPF C's Singapore office. By accepting the realities of the market, employers may avoid their high-flying executives swinging in a single direction out the door! Indeed, the personal aspirationsPunch - 704 words
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416 1990-09-01 26 Asahi WITH THE normal Japanese worker working an average of 2,000 hours a year exceeding the West European average by about 400 hours a year reducing the working hours of Japanese employees is a primary concern of the Ministry of Labour. UnderAsahi - 416 words
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Article, Illustration242 1990-09-01 26 David W Merriman has been appointed general manager of Alfred Dunhill Singapore. He takes over from S H Merriman, who has returned to London to pursue his own career. Prior to his present appointment, Mr David Merriman spent four years with Alfred Dunhill Tokyo where he was242 words
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Article1036 1990-09-01 27 City FNght ETA Flight ETD AIM Dhabi SQ226 2035 QF81 2005 Amsterdam SQ23 1350 KL838 2115 KL837 1430 SQ24 2200 Attwi$ Auckland TE25 1610 TE28 1730 SQ338 1925 BA12 2200 Bahrain Baiihpapan Bandar Sari SQ182 0915 Begawan SQ181 1410 Bangkok QF62 1135 TG402 0830 TG403 11551,036 words
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THE TRAVEL PAGE
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Article, Illustration464 1990-09-01 27 LETTER FROM THE GRAND CANYON Although the Grand Canyon is a 90-minute drive over the horizon, to the locals in Flagstaff it is an elemental part of the landscape. They call it, with a blend of awe, affection and understatement, "the big ditch". A few miles464 words
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Article152 1990-09-01 27 As at 3pm yesterday: Ixtcal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.432 1.452 Canadian dollar 1.5210 1.5510 NZ dollar 1.073 1.1130 Sterling pound 3.350 3.390 US dollar 1.7610 1.7710 Ijocal dollars to 100 units of foreign currency Austrian schilling 15.70 16.70152 words
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Article81 1990-09-01 27 Duration Title Venue Organiser Te Duration Title Venue Organiser Tcj c o. ,-j/ Sep 15-20 International Germany Munchener 89/***** Sep 7-17 International Switzerland Schweizer Muster 61/686.20.20 K Trade Fair for Messe Fair Mustermesse thc Fo(xj an(j Sep 10-16 International Spain Fare 3/423.31.01 Catering Industries TV. Sound and81 words
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TIME OFF
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Article135 1990-09-01 28 Two-Piano Recital Piano recital by Tan Ai Ling and Ong Lip Tat. Pieces from Mozart, Bach, Rachmaninov and Lutoslawski will be presented. Venue: Lecture Theatre, Nanyang Technological Institute. Date: Sep 6. Time: 12.301.30pm SSO All-Tchaikovsky Commemorative Concert Guest conductor: Catherine Comet, Soloist: Pavel Prantl. Programme includes Overture Romeo Juliet,135 words
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Article, Illustration293 1990-09-01 28 K Jayanti - Compiled by K Jayanti Presentation and Sale Of black and white photographs, posters and prints. Venue: The Shopping Gallery, 581 Orchard Road, #0226/27, Singapore 0923. Till Sep 8 'Searching for St Bonface' An exhibition of paintings by Thayne Madrid, a person of Spanish descent now living in Singapore. He293 words
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Article, Illustration496 1990-09-01 28 Death Warrant As soon as he realises he can't make a living as a kick-boxer, JeanClaude Van Damme signs up as an undercover cop. But the bad guys start getting suspicious when he trips each time he tries to execute a flying kick. Also stars Robert Guillaume and Cynthia496 words
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Page 17 Advertisements
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Advertisement287 1990-09-01 17 EL 1 I Today, one watch reigns supreme. fpvv t «|^^^^^^^^^^^^PB!9HH|^H||H[||||^BllH||||il[ Ultra-thin Royal Oak in 18kt gold, diamonds set bezel and full pave dial with 11 rubies. BA *****/722 BA (Ladies) BA *****/477 BA (Gents). In 1972, the master watchmakers by eight hexagonal bolts. The perfect at Audemars Piguet created287 words
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Page 18 Advertisements
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Advertisement5 1990-09-01 18 Technology every Tuesday in BT5 words
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Advertisement24 1990-09-01 18 BT welcomes letters from you. Address them to: The Editor, Business Times 390 Kim Seng Rd, Spore 0923 Letters should include your contact numbers.24 words
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Page 18 Miscellaneous
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Miscellaneous73 1990-09-01 18 Doonesbury by garry trudeau BD-, lAM NOT TRY- MIKB, FOR6IVB MB FOR OF COURSE 10UP9QM- VOtrT UM..J.J. NO, He's INGTO&TRJDOF JQAHtS 1 BAROfNG BUT I'M j' &nURe BBSHVf! WHO p, p ALMA)S YOU! BUT I JUST <VHAT GOING THROUGH A BIT NOT TOO iff VOL ARB 7W/S pont see kwwu73 words
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Page 20 Advertisements
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Advertisement1333 1990-09-01 20 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... u iI 1 h n THE TEA ROOM TAKES YOU SOUTH OF THE BORDER. It's fiesta time at The l ea from the Camino Real of Room. .So grab your sombrero Mexjco City. and1,333 words
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Page 21 Advertisements
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Advertisement248 1990-09-01 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY Jk BRUNCH: 11AM TO 2.30PM. Wtj |M Jfe/ ADULTS CHILDREN 4 JL^ 7 $i 9.00* Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and children.248 words
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Advertisement122 1990-09-01 21 e;- TDnil/A Restaurant and 1 K\JllY/\ Karaoke Lounges y FINEST RUSSIAN AND CONTINENTAL CUISINE 'I; V •I Romantic Candlelight Dinner With Karaoke at Troika Happy Hours Daily $12.00 One for one drinks Restaurant Hours k!i nc c -a Karaoke Hours Mondays to Saturdays Daily 1130 am to 2.30pm 7.00pm to122 words
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Page 23 Advertisements
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Advertisement181 1990-09-01 23 THE i I 1 PROMENADE ABSOLUTELY i. i| I'i V J. jj> J fit I For some of us, many of life s '9 luxuries have quietly evolved into life's simple necessities. Take for example this stunning |5R diamond encrusted lapel acces- |k sory from Franc Joaillier on £0 Level181 words
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Page 24 Advertisements
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Page 25 Advertisements
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Advertisement169 1990-09-01 25 INVESTING IN SHARES? CALL mmmm I Mi If r > I > l3l§ T..*»:*•' ASK FOR EDIT PLUS It f I When opportunity knocks you'll want to be It's so easy and convenient to apply for CREDIT 1 ready. Here's where Hong Leong Finance PLUS. Drop by any of our169 words
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Page 26 Advertisements
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Advertisement535 1990-09-01 26 jfesft*. s'' HSc> „i:v/ J DG MNK-GZB (Asia) Ltd. V. -J (Incorporated in the Republic of Singapore) "WE PUT YOUR IDEAS INTO PERSPECTIVE" DG BANK-GZB (Asia) Ltd, the Merchant Bank of DG BANK in Singapore invites applicants for the following appointments:DEPUTY HEAD OF PORTFOLIO INVESTMENT DEPARTMENT MANAGEMENT OFFICER Candidates should535 words
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Advertisement396 1990-09-01 26 DHL IN THE NEWS Advertisement DHL EXPANDS INTO INDOCHINA With rich natural nationally, DHL has set up offices service for our outgoing docuresources and abundant supply in Cambodia, Laos, Vietnam ments since we staged business of labour Indochina has been andMyanmar. in Vietnam, said the Managing seen by foreign investors396 words
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Page 27 Advertisements
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Advertisement36 1990-09-01 27 The business person choke even Fuesdjs 1 T ThursdayS.iturd.i\ andSunda>. Leaving( lungi I 1 J \irport at hours and arriving it Lj j (>uardia or Newark International \irports the A BliKATii OF Fkksh AIR Air Canada36 words
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Advertisement65 1990-09-01 27 ELECTED PRESIDENCY HOW, WHAT AND WHY IN GRAPHICS f MOST GOVERNMENTS WOULD BE SCARED TO GIVE UP POWER, V ESPECIALLY OVER MONEY. J f X SO WHY THE CHANGE HERE? S M X WHO KNOWS WHAT KIND OF GOVERNMENT I WE MIGHT GET LATER? BETTER TO GET A WATCHDOG J&lbml65 words
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Page 27 Miscellaneous
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Miscellaneous282 1990-09-01 27 1 Recognise current learning 10 Question a sailor about 10 111 somewhere in the Persian 11 No charm displayed by a 12 leading lady who is regal 12 Attacker of rabid alsatians JHl— 13 In no uncertain terms of- fers cover 14 Coarse youth leader is be- 16 Hello, turned282 words
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Miscellaneous204 1990-09-01 27 Singapore Report: (Thur) Max temp 29.8* C Assoc humidity 79% Min temp 22.2* C Assoc humidity 97% Hrs of sunshine 3.20 Rainfall in mm 8.5 Rainfall this mth 146.6 Rainy days this mth 12 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 15/04 Showers Bangkok 32/26 Showers Beijing 29/23 Cloudy Brunei 34/25204 words
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Miscellaneous39 1990-09-01 27 iSBgiS(LPIUREJL KND hardy J/ wMPiTces NRME (yrojo inpivckjrl i©rsFPOL. IT, BR.SHSU)\ r\[ T^PT\. IEBUtT PL£AS<L ..J weJNt cxyje pi good J 5 \l Sr—■ V£ «z wscmfrßLtsy u jOBfHeR£ ...wcße.fty I M Te^m e yJ A H, --n «a39 words
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Page 28 Miscellaneous
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Miscellaneous1722 1990-09-01 28 TODAY'S TV t. I 10.10 Charlie Chalk. J« 10.30 TVPM«M. ■■IiiMISMH />jL 11.00 Dengarlah Sayang. Earth Star Voyager, 10.30pm, The Endless Game, 7.55pm, *2.00 NNN^^MT U,,m SBC 5 SBC 12 i $t 12.15 rm The Silk Road The This is Star Trek minus When a beautiful British A H .101,722 words
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Miscellaneous667 1990-09-01 28 MOVIES ON TV unexpected reunion is Mr North, Mon, 10.30pm, SBC fraught with bitterness, ten--12 s i on and tragedy —he acciIf Theophilus North were liv- dentally kills his wife. A 1984 ing in Singapore, he could German film starring Joan make a fortune marketing Marangsoff and Peter Salthimself as667 words
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