The Business Times, 15 September 1990
1990-09-15
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The Business Times
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Title Section11 1990-09-15 1 Business Times MCI (P) 170/12/89 Weekend Edition, September 15-16 1990 75*11 words
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NEWS & MARKETS SUMMARY
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Article41 1990-09-15 1 BRITAIN'S annual rate of retail price inflation reached 10.6 per cent in August, according to official figures released yesterday. It was the highest rate since February 1982 and came amid growing signs that recession is looming.41 words
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Article43 1990-09-15 1 WALL STREET stock prices declined broadly yesterday morning as the market absorbed new signs of stepped-up inflation and weak consumer spending. The Dow Jones average of 30 industrials shed 20.05 to 2,562.62 at 10.30 am in the first hour of trading.43 words
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Article29 1990-09-15 1 SHARE PRICES were lower at midday yesterday. .At 1108 GMT, the broad-based Financial Times-Stock Exchange 100-share index was down 11.5 points or 0.5 per cent at 2,115.6.29 words
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Article30 1990-09-15 1 HONGKONG, which has been highly dependent on the US market, has made some headway in diversifying its export markets, according to a senior Hongkong official Page 230 words
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Article27 1990-09-15 1 FORMER banker and businessman Allan Ng has had his appeal against a jail sentence for insider trading postponed to February next year. Page 327 words
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Article28 1990-09-15 1 INFLATION sparked by higher oil prices resulting from the Gulf crisis is threatening Japan's long-term economic expansion,* Japan's central bank governor said on Thursday Page 628 words
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Article33 1990-09-15 1 THE US is slipping into a recession that is expected to last for at least the next six months, according to forecasters at the UCLA Business Forecasting Project Page 733 words
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Article, Illustration29 1990-09-15 1 Friday Change BT-MGA 627.42 -7.66 Kuala Lumpur ....543.62 +0.35 Hongkong 3,062.04 -31-93 Tokyo 24,897.46 -177.62 Sydney 1480.0 -15.7 Thnnday Change New York 2,582.67 -43.07 London 2127.10 -15.2029 words
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Article21 1990-09-15 1 Exdi—ga rates US$ S$ 1.7700 Yen SS1.2967 MS SS0.6568 Honey wriwt rotes Overnight 6 3/8 +7/8 3-month 6 1/2% -1/1621 words
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Article34 1990-09-15 1 London fioM PM fix US$386.20 +US$4.00 I56.00«/kg -1.25 NTsia Oct 241 00«/kg unch KL Tin Turnover 64 tonnes +8 Spot M$l5.24/kg unch Cnrfi palm #1 Turnover 502 lots +78 Oct MS676 /tonne -I34 words
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515 1990-09-15 1 Ranjit Gill - From Ranjit Gill in Kuala Lumpur AT A TIME when share prices are still heading south, a relatively unknown Malaysian second-liner has achieved the unique distinction of quadrupling its share price over the past six weeks. South Malaysia Industries Bhd, capitalised at just under515 words
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Article, Illustration65 1990-09-15 1 AP picture Cesar SA Company president Christian Saudeau, wearing a George Bush mask, held a painting pistol to the temple of a Saddam Hussein mask on Thursday at his factory in Saumur, western France. Cesar SA, the world's largest maker of caricature masks, hopes toAP picture - 65 words
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268 1990-09-15 1 Conrad Raj - By Conrad Raj BOTH Singapore Petroleum Company and Provision Suppliers Corporation are going ahead with their public offers next week. The offers had been delayed by the Gulf crisis which sent stock markets around the world plunging. SPC is268 words
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Article450 1990-09-15 1 UN allows food shipments; Ship to take food to Gulf today Agencies PRIME Minister Margaret irhatcher yesterday ordered troops and tanks to the Gulf in the biggest movement of heavy armoured British forces for decades. Defence Secretary Tom King told a news conference the governmentAgencies - 450 words
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185 1990-09-15 1 Reuter THE US Labour Department said yesterday that producer prices surged 1.3 per cent in August as an explosion in the cost of oil turned the wholesale inflation picture ugly. The climb was the largest since a 1.9 per cent rise in January, when aReuter - 185 words
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Page 1 Advertisements
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Advertisement123 1990-09-15 1 i "'.T; PFfKQn a/T* it' YkAlliuU*A in, r, ill nam n 1,1 m int twivu i rmni morograpmc oyvvNfK Thomas. ifff EL 1 Arcnft Sdwduto ELII Coomodrtia 15 Ci>p(ic Crossword ELII Futures I Options 14 Horn News 2 HK I Tokyo Stocks 11 Interbank Fore Rates 14 KLSE 10 Monty123 words
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Advertisement14 1990-09-15 1 OPINIONS Economic realities and political ends. EL 2 Second language, Job chances. EL 214 words
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Advertisement14 1990-09-15 1 SPORTS Tennis: Finally, an American winner of die US Open to love. EL 314 words
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Advertisement253 1990-09-15 1 LIFESTYLE where's the escalator? gp*-,» HISTORY IN TIME EH'" i. rr^Si^H Seu ton. automatic in 18 ct gold or gold/steel Planetarium Copernicus, individually numbered, handmade in 18 ct gold Michelangelo, automatic in 18 ct gold or gold/steel Planetarium Copernicus The Planetarium by Ulysse Nardin combines with a pure The Planetarium253 words
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Advertisement46 1990-09-15 1 m<xi FINANCE Traders thrive in the futures. EL 8 Conspiracy against the famiUm dollar. EL 9 Japan's growth threatened, Ph 6 Too optimistic about oil supplies, Pg 6 Tokyo to increase aid by US$3 billion, Pg 7 Iran earns much more from oil exports, Pg 746 words
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Advertisement15 1990-09-15 1 JOBS Doors open for die non-profit prophet 3 EL 10 Second job-hopping wave. EL 1015 words
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HOME NEWS
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NEWS ROUNDUP
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33 1990-09-15 2 THE NEW High Commissioner of Australia, Mr Alan Dewane Brown, presented his credentials to President Wee Kim Wee at the Istana yesterday morning. Mr Brown succeeds Miss Rosaleen McGovem.33 words
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Article95 1990-09-15 2 THE Ministry of Health will hold its fourth annual update with the Cleveland Clinic Foundation today and tomorrow as part of its on-going continuing medical education for doctors in the public and private sectors. Three senior faculty staff from the American institution, and senior consultants from the95 words
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Article56 1990-09-15 2 THE Asean Inter-Parliamentary Organisation will wrap up its lltb general assembly this morning at the Hyatt Regency. The assembly will adopt the report of the 11th working committee. Yesterday, the delegates, comprising Asean MPs and staffers, visited Sentosa. Second Deputy Prime Minister Ong Teng Cheong and Mrs56 words
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Article53 1990-09-15 2 THIRTY-ONE airport engineers from 13 countries took part in the 12th Airport Engineering Course organised by the Public Works Department and the Civil Aviation Authority of Singapore. The 10-week course, aimed at providing airport engineers with technical knowledge for airport planning, design, construction and maintenance, held its53 words
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Article56 1990-09-15 2 THE Gold Maple Leaf Hunt, the first of a series of four hunts organised by Air Canada, will take place tomorrow at 3pm along the East Coast Park. Participants will search for copper maple leaves which they can exchange for gold ones at the official stand. The56 words
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Article45 1990-09-15 2 THE Economic Development Board has clarified that the operational headquarters application of Management Investment Technology Ltd of Hongkong had been unsuccessful. In tfte report "HK. firm given OHQ status here" on Wednesday; the HK company told BT it had obtained OHQ status.45 words
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Article, Illustration378 1990-09-15 2 Schutz Lee - By Schutz Lee HONGKONG, which has been highly dependent on the United States market, has made some headway in diversifying its export markets, according to a senior Hongkong official. The colony had seen satisfactory growth in its trade with relatively new markets such as Asean,378 words
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297 1990-09-15 2 Claire Leow - By Claire Leow LOCAL exhibition management services and Singaporemade industrial machinery are two areas which will receive a boost from Trade Development Board (TDB) activities this month. A two-week exhibition management services mission left today for the Soviet Union and North America. The297 words
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155 1990-09-15 2 SINGAPORE Telecom and software applications specialist ICL Singapore have completed a joint-development project for automated counter services at all 70 Singapore Post Offices for 18 million. It is one of the most comprehensive worldwide, said ICL chairman and managing director Peter Bonfield. Begun155 words
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218 1990-09-15 2 Shoeb Kagda - By Shoeb Kagda A BETTER flow of information within the region should be a chief priority of Asean journalists, Communications and Information Minister Dr Yeo Ning Hong said yesterday. In an informal meeting with journalists from the six member countries of Asean,218 words
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SHIPS IN PORT
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Article470 1990-09-15 2 m hrifc fcrtwl Ipjll Hi lw» *»W Naca 42 SJ14 M48 14.09/1300 14 09/2100 toffm 6/90 K29 14.09/2300 J7 IOC 14.09/1730 15.09/0600 G K Ortny 02/90 K33 alongside 15.09/0500 J** SI 5 5/0800 5 M/2300 Ma <«8to 40/90 K31 alo«*ade 1409/1400 1 ***** M2A 15 09/0800 15.09/2300470 words
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Article1349 1990-09-15 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Rtcord BMtof/B*nct 9* Voy No Etb/Btr Mod From To Fran to Drey 3A 16/1100 2 14/1700 15/0659 15/0900 3 15/0700 15/1159 15/1400 Wa Bhwn 58S 15/2300 1 14/1500 14/1659 14/1900 N Mrqato 50 17/1800 3 15/0700 15/1159 15/1400 4 15/12001,349 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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389 1990-09-15 3 Abdul Hadhi - By Abdul Hadhi PUBLICLY-LISTED Lee Kim Tah's $4 billion housing project in India has been delayed because of changes on India's political scene, a development that could affect the group's profit forecast for the next few years. A source told BT that the389 words
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506 1990-09-15 3 Lee Han Shih - By Lee Han Shih DESPITE a doubling in turnover to $60 million, the First Capital Corporation (FCC) group registered a fall in its after-tax profit for the financial year ended June 30, 1990, mainly due to a higher tax charge. Figures released yesterday showed506 words
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196 1990-09-15 3 HIND HOTELS International Ltd continued its upward climb from the red with after-tax profit for the six months ending June 30 up nearly 700 per cent from the corresponding period a year ago. Aided by a booming tourism industry and higher room rates, Hind196 words
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351 1990-09-15 3 HARIMAU Investments Ltd, hit by lower interest income and a small trading loss from its trading subsidiary, saw interim earnings plunge to less than a quarter of that recorded for the previous corresponding half. The closed-end investment trust arm of the OCBC Bank group reported after-tax351 words
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Article656 1990-09-15 3 Pric—(—* 13.9.90) Con vweton tomw {KSS Amount Optional" u>lr H» Company taeuod Wrts Star* Ln «tk Liwtlt L T~~ Oat* Mtha (m units) Conv Exer nom Cash Cash' Ln stk 2 ratio prto* value S CACWt 37.5 1.320 3.880 1.00 3.09 14 2.94 26.4.93 31 Causeway656 words
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Article, Illustration267 1990-09-15 3 Conrad Raj - By Conrad Raj FORMER banker and businessman Allan Ng has had his appeal against a jail sentence for insider trading postponed to February next year. The application for an adjournment by Ng's lawyer, Tan Kok Quan, was heard in the chambers of High Court registrar Tan267 words
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COMPANY BRIEFS
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56 1990-09-15 3 THE HOUR GLASS Ltd has raised the share capital of its subsidiary, Lakewind Impex Pte Ltd, from $150,000 to $l t r million, in line with its IcveL of operation. The enlarged capital base comprises one million $1 shares which allotted to shareholders56 words
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Article69 1990-09-15 3 SENIOR management changes have been made at Simc Singapore Ltd. Former finance director Kumar Manchharam has been appointed managing director (property, engineering and services). Mr Manchharam is also a board member of Sime Singapore. Succeeding him as finance director is Mr Lai Sek Kew who will69 words
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Article54 1990-09-15 3 NATIONAL Kap Ltd turned in a group after-tax profit of $585,192 for the half-year ending June 30, up from $537,929 for the same period last year. It has recommended an interim dividend of 1.5 cents per share (tax-exempt) for the financial year ending Dec 31,1990, to be54 words
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Article79 1990-09-15 3 LANDMARKS Bhd hopes to finalise an agreement with tho Malaysian Tourist Development Corporation by the end of the year over its offer to purchase the Tanjung Jara Beach Hotel in Trengganu, Landmarks chairman Mr Mohammad r. Razali Abdul Rahman said. He told newsmen this79 words
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Article76 1990-09-15 3 AMALGAMATED Steel Mills Berhad has entered into a-, conditional agreement to purchase four million shares of Msl each in Klang Securities Sdn Bhd, a licensed stock broking firm, for Msl2 million at Ms 3 per share. The .7 purchase consideration of the 80-per-cent equity76 words
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Article85 1990-09-15 3 CEMENT Manufacturers Sarawak Bhd has reported a 42,per cent rise in group pre-tax profit to M 55.91 million for the first half year ended June 30, 1990, from M 54.14. million in the 1989 corresponding period. Its turnover was. T higher by 33.72 per cent to85 words
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Article75 1990-09-15 3 NANYANG Press (Malaya) Bhd has advised shareholders to approve its proposed purchase of 25,000 square metres of industrial land in Selangor at an extraordinary generalmeeting on Oct 4. In a circular to its shareholders, Nanyang Press said the now-vacant freehold lot, which it agreed last,75 words
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Page 3 Advertisements
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COMPANY NEWS
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COMPANY BRIEFS
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105 1990-09-15 4 A REPORT on the state-owned Australian Broadcasting Corp television network said Westpac Banking Corp will apply to the Australian courts on Friday to place the TEN television network in receivership. It said the commercial network, operated by Broadcom Australia, is losing105 words
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Article114 1990-09-15 4 CURRENT profits of major Japanese companies are expected to rise by an average of 0.4 per cent in the year to March 31, 1991, compared with a June forecast of 1.3 per cent, and a rise of 7.3 per cent in the previous year, a report by114 words
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Article93 1990-09-15 4 MITSUBISHI Bank Ltd will establish what it says is the world's largest information processing centre in Tokyo, a spokesman said. The bank will spend 100 billion yen on the centre, which will consist of a six-storey computer building with 3,300 square metres of space on each93 words
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Article100 1990-09-15 4 JAPANESE video-game maker Nintendo Co Ltd said it has raised its parent net profit forecast to 64 billion yen for the year to March 31, 1991, from a forecast of 56 billion yen made in May. Nintendo posted net profit of 27.53 billion yen in 1989/90.100 words
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Article75 1990-09-15 4 TURNER Corp said its Turner International Industries Inc unit has formed a new company with Karl Steiner Ltd of Switzerland to pursue construction-related opportunities in Europe. Turner Corp said that support for the new company, Turner Steiner Europe Inc, will be shared equally by each parent company.75 words
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Article84 1990-09-15 4 REUTERS Holdings pic, the Chicago Mercantile Exchange and the Chicago Board of Trade said they expect to launch Globex, the automated after-hours trading system for futures and options, in the first quarter of 1991. Reuters and the exchanges said they are pleased with the results of84 words
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Article98 1990-09-15 4 THE New York Stock Exchange has asked a United States federal bankruptcy judge for permission to begin disciplinary proceedings against Drexel Burnham Lambert Inc that could lead to fines of up to US$5O million. Attorneys for Drexel and its creditors committees opposed the move on98 words
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427 1990-09-15 4 IHT NOMURA Securities Co, the world's largest financial services company, is joining forces with the Matuschka Group, West Germany's leading independent financial house, in a venture to launch investments in East Germany and then elsewhere in Eastern Europe, officials of the two companies saidIHT - 427 words
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Article, Illustration580 1990-09-15 4 NYT THE Walt Disney Co said on Thursday that a top Hollywood production team and a Japanese investment group had agreed to provide several hundred million dollars in financing for Disney films in coming years. The innovative deal continues Disney'sNYT - 580 words
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Article, Illustration352 1990-09-15 4 NYT THE Chrysler Corp has softened its attack on Japanese carmakers in a new advertising campaign, beginning next week, to introduce its 1991 models. "We never intended our ad campaign to be as hardhitting as some people interpreted it to be," said John Damoose,NYT - 352 words
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334 1990-09-15 4 PACIFIC Concord has thrown down the gauntlet to Hongkong's petrol distributors with the takeover of a depot site on Tsing Yi Island and the rights to the popular Gulf Oil label for HKSL3 billion. According to a South China Morning Post report, the334 words
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260 1990-09-15 4 Reuter AN AMBITIOUS plan by South Korea's fledgling Asiana Airlines to buy billions of dollars worth of jets to cash in on an expected Asian travel boom has irritated the long-established flag carrier, Korean Air Lines (KAL). Asiana Airlines, established just two years ago,Reuter - 260 words
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173 1990-09-15 4 Reuter BRITISH aero-engine maker Rolls-Royce pic on Thursday posted a 14 per cent jump in pre-tax profits for the first half of 1990, but the results were below stock market expectations and the group's share price fell. Pre-tax profits rose to £115Reuter - 173 words
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Page 4 Advertisements
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Advertisement99 1990-09-15 4 Direct From Manila! Wmm w^LNightly. From the 16th our Filipino gols would September onwards, at have song just for the Carriage Bar, Manila's Remix 3 comes What's more, your faalive. Experience their vourite Thunderbirds will strong vocals, vibrant jm o\so lend their vocals to band music and a good make99 words
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Advertisement72 1990-09-15 4 i£3 100 pieces exclusively selected carpets/ from a range of about 1000 genuine, fine and old oriental carpets and rugs. At: Hyatt Regency, Singapore Magnolia Room 3rd Floor (via escalator) Viewing time: 10:00 am to 12:30 pm Auction time: 1:30 pm sharp Auctioneers DOMINION Auctioneers, Appraiser U Agents (S) Pie72 words
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FINANCIAL NEWS
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348 1990-09-15 5 Bernama FOREIGN BANKS operating in Malaysia are already well-represented in the local banking industry and there is no need for them to expand their branch network, Bank Negara governor Tan Sri Jaffar Hussein said in Kuala Lumpur on Thursday. Speaking to reporters after launchingBernama - 348 words
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Article, Illustration439 1990-09-15 5 NYT WARNING Congress to move cautiously in trying to cure the ailing banking system, Federal Reserve Board chairman Alan Greenspan said on Thursday increasing the premiums institutions pay to the declining fund that insures bank deposits could be more harmful than helpful, threateningNYT - 439 words
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249 1990-09-15 5 PB INTERNATIONAL Factors Sdn Bhd (PBI), the joint venture between International Factors (Singapore) Ltd and Public Bank Bhd, has started operations in Johor Baru and expects to open two other offices in Kuala Lumpur and Penang. The Kuala Lumpur office249 words
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Article, Illustration460 1990-09-15 5 The US dollar is still in its major bear phase, says DBS Bank in this week's technical analysis on currencies US$/DM bearish channel remains intact THE US DOLLAR attempted to break out of the weekly bearish channel we showed last week and traded progressively460 words
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578 1990-09-15 5 Reuter ECONOMISTS are now predicting sterling will enter the exchange rate mechanism of the European Monetary System between late October and early December. A widely rumoured entry date Sep 8 came and went with no move from Chancellor of theReuter - 578 words
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SMALL CHANGE
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92 1990-09-15 5 MOODY'S Investors Service has assigned an A-3 rating to the Government of Malaysia's forthcoming issue of US$2OO raillion of Yankee bonds, due 2000, in the US. The rating ageticy noted in New York on Thursday that this is the first time that Malaysia92 words
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Article85 1990-09-15 5 STANDARD CHARTERED BANK has reduced its Taiwin prime rate by 0.5 percentage point to 13 per cent, effective yesterday. The reduction was made to reflect easier money market conditions, the bank said in a statement. Stanchajt's move followed cuts of 0.25 percentage point by five local85 words
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Article110 1990-09-15 5 THE AUSTRALIAN economic slowdown is likely to be prolonged but not too severe, according to the latest Westpac Banking Corp and Melbourne Institute Index. The leading index, which measures where the economy is headed, rose to 125.3 points in July from 124.6 in June and compared110 words
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Article75 1990-09-15 5 NATIONAL AUSTRALIA BANK Ltd said yesterday that it will cut its prime lending rate to 16.75 per cent from 17.0 pfer cent, effective Monday. It said its base rate would be reduced to 17.25 from 17.75 per cent, effective Sep 24. "The lower interest rates75 words
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Page 5 Advertisements
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Advertisement6 1990-09-15 5 Malaysian economy may grow, Pg 66 words
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Advertisement118 1990-09-15 5 «j 3** r 'f vi *•?».„v 4 jt .->*"*' ft g-*,. r > *£$t I a T A T m v r ■l W m V r k 1 v/iTAfil k i fAk i T 4\Wf 1 1 k LVI i r m 1 M r- v j# Employ Business118 words
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Page 5 Miscellaneous
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Miscellaneous22 1990-09-15 5 Dollar$ Non$en$e [C-y.-'f id *;Have you given any thought to which long-distance phone company you're going to choose when you grow up?"22 words
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THE REGION
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NOTE BOOK
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97 1990-09-15 6 FIVE FILIPINO adults and a baby died in Iraq last month, mostly due to heat exposure, after they fled from Kuwait, the official Philippine News Agency (PNA) said in Manila on Thursday. Two Filipino women, two men and a baby girl died from97 words
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Article79 1990-09-15 6 SOUTH KOREA'S GoldStar Co Ltd will set up a joint venture with Indonesia's Astra Group in the suburbs of Jakarta to produce colour televisions and refrigerators, a GoldStar spokesman said yesterday. Under an agreement signed in Jakarta on Thursday, GoldStar and Astra will invest a total of79 words
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Article88 1990-09-15 6 DAT UK SERI Dr Mahathir Mohamad on Thursday urged Sbuth Korean industrialists to use Malaysia as a base to pernetrate the world market. The prime minister said Malaysia can be a gateway for Korean investors, not only to the'Asean and Pacific rim countries but practically to88 words
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Article53 1990-09-15 6 JAPAN and the European Community (EC) are discussing limiting Japanese car exports to Europe but have not yet reached an agreement, Japanese and European officials said on Thursday. "The talks are exploratory and have not yet concluded," said Michael Lake, counsellor at the European Commission's53 words
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Article76 1990-09-15 6 GROWTH in Japanese personal savings shrank for the first time in seven quarters in the three months to June as savings in postal deposits and investment trusts fell, the Bank of Japan said on Thursday. The central bank said the increase in personal savings fell 3.8 per76 words
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Article60 1990-09-15 6 NEW ZEALAND'S terms of trade, a measure of the purchasing power of the country's exports, were at their highest level since June 1974, Finance Minister David Caygill said yesterday. "As a trading nation that means we are in a stronger position than for any other time60 words
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343 1990-09-15 6 AP INFLATION sparked by higher oil prices resulting from the Gulf crisis is threatening Japan's long-term economic expansion, Japan's central bank governor said on Thursday. But a quarterly survey shows most businessmen believe the economy is resilient enough to weather the crisis withoutAP - 343 words
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314 1990-09-15 6 Reuter THE JAPANESE government may be too complacent in its statements to the public about the Gulf crisis and its impact on Japan's oil supplies, private economists say. Government officials have repeatedly said Japan will be able to weather the Gulf crisisReuter - 314 words
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293 1990-09-15 6 THE EMPLOYERS Confederation of Thailand has voiced opposition to the labour movement's demand for a minimum wage increase early next month, saying workers would suffer rather than benefit from a pay rise. The Nation reported the confederation's acting director Pichai Linpattawan as saying293 words
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Article, Illustration45 1990-09-15 6 A Thai reporter reading the last edition of Naew Na (Frontline) newspaper at his office in Bangkok yesterday. Thailand's Supreme Court yesterday revoked the printing licence of the newspaper after finding the daily guilty of straining relations between Thailand and Saudia Arabia.45 words
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394 1990-09-15 6 AFP SOUTH KOREA'S trade deficit will balloon above initial expectations to US$5 billion this year, due to the Gulf crisis, floods and other factors, the Ministry of Trade and Industry (MTI) said yesterday. The director general of MTl's trade bureau, Hwang Doo-Yun, saidAFP - 394 words
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368 1990-09-15 6 Bernama MALAYSIA is likely to register a growth rate in the range of 10 per cent this year against 8.5 per cent last year, Bank Negara governor Tan Sri JafFar Hussein said on Thursday. Speaking after opening an exhibition in conjunction with MalayanBernama - 368 words
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176 1990-09-15 6 Bernama TWO of Malaysia's biggest trading partners, the European Community and Japan, have assured Malaysia that they will continue extending their GSP privileges for the foreseeable future. Diplomats of these and other countries say that they regard the Generalised System of Preferences asBernama - 176 words
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Page 6 Advertisements
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Advertisement675 1990-09-15 6 loO\ HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1990 The Board of Directors of Harimau Investments Limited wishes to announce the unaudited results of the Group and the Company for the six months ended 30 June 1990:30.06.90 30.06.89 lncr*a»»/(D«cr*«s«)675 words
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Advertisement176 1990-09-15 6 LOST CERTIFICATES The following certificates have been reported lost, mislaid or destroyed No. of TSR/ Nam* ol Company Certlflcate Noa. m the Name of jS'SSSSn Hotel Marco Polo Limited A *****99 SimHoayCheok 1 1,000 *****441 Loo Ah Jee 1 1 000 Jacks International Ltd *****157 Netto Gerard George 1 x176 words
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THE WORLD
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428 1990-09-15 7 Reuter THE FIRST shock of surging oil prices on the US economy will surface in the August inflation figures scheduled to be released yesterday, but analysts say the aftershocks will reverberate for months. Economists expect the Producer Price Index, which measuresReuter - 428 words
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Article414 1990-09-15 7 The Gulf Crisis AP JAPAN will provide an additional US$3 billion in aid to international peacekeeping forces in the Gulf and nations suffering from the embargo against Iraq, the government announced yesterday. The Cabinet decision would bring Japan's total aid towards meeting the GulfAP - 414 words
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253 1990-09-15 7 Reuter IRAN, sticking to its Opec quota, is earning US$7OO million to US$BOO million more a month from oil exports, which are in heavy demand because of the Gulf crisis, Oil Minister Gholamreza Aqazadeh said. Iran was now selling its crudeReuter - 253 words
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Article240 1990-09-15 7 Reuter THE US is slipping into a recession that is expected to last at least the next six months, forecasters at the UCLA Business Forecasting Project said at their quarterly conference. The forecasting project is sponsored by the Graduate School of Management at the UniversityReuter - 240 words
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149 1990-09-15 7 AFP VISITING American businessmen in Moscow expressed enthusiasm for prospects in the Soviet Union, saying that "capitalism is arriving" and calling the changes in the country "fascinating" and "extraordinarily significant". The senior executives of 15 major American firms were in Moscow on an official delegationAFP - 149 words
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Article, Illustration393 1990-09-15 7 Reuter AMERICAN Commerce Secretary Robert Mosbachef said on Thursday that the Soviet Union may ease its emigration laws within the next two months, clearing the way for Washington to grant significant trade benefits. Mr Mosbacher told a Moscow news conference that restrictive emigrationReuter - 393 words
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Page 7 Advertisements
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Advertisement55 1990-09-15 7 WW Keppd Corporation Limited is proud to announce the inauguration of its joint-venture shipyard in India. mm Ihokhoni Shipyard B OFFICE ADDRESS: 325 Telok Blangah Road Singapore 0409 Tel: *****66 (20 lines) POSTAL ADDRESS: j Maxwell Road P.O. Box 2169 Keppel Corporation Limited Cable: KeppekJok rr Telex: KEPPEL RS *****55 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4341 1990-09-15 8 Quak Hiang Whai - By Quak Hiang Whai SHARE PRICES on the Singapore stock market fell moderately yesterday in thin and lethargic trade following Wall Street's overnight heavy losses and an easier close in Tokyo. Dealers said sharp losses on Wall Street and the weak performance4,341 words
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Article4248 1990-09-15 9 Main Board Spore Land 1250 20 +1.6% BAT 22* 370 +6 +1.6% Chcm Ind 255 +5 +2.0% Inchcapc 490 +4 +0.8% Jurong Eng 50* 202 3 +1.5% Gold Coin 180 +3 +1.7% UE 179 +3 +1.7% L&M Wt 74Vi +2% +3.5% Lim Kah Ngam 1494,248 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3704 1990-09-15 10 Bernama Reuter SOME late bargain-hunting helped share prices to recover from earlier falls to close mixed in dull trading yesterday as investors continued to stay away. The KLSE Composite Index gained 0.35 of a point to 543.62 while the Industrial Index added 2.19 points toBernama; Reuter - 3,704 words
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Page 10 Advertisements
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Advertisement102 1990-09-15 10 Property j 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,102 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2277 1990-09-15 11 Reuter TOKYO STOCKS closed lower yesterday after an afternoon that was relatively quiet compared with an extremely volatile morning during which buying by Big Four investment trusts tugged against selling by futures arbitrageurs who were settling up September futures and options contracts. "The afternoon gaveReuter - 2,277 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2398 1990-09-15 11 Reuter HONGKONG stocks drifted lower at the close yesterday in sluggish, thin trade. Brokers said they were surprised the market held up so well. "We expected the market to sink further following Wall Street's loss on Thursday and Tokyo's fall today," said one.Reuter - 2,398 words
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REGIONAL STOCK MARKETS
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Profit-taking erodes Taipei prices
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Article87 1990-09-15 12 INDICES TURNOVER CVMC Scy 14 PTHOM SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1480.0 2203.7 915.9 70.05 1495.7 2228.3 925.0 NA -15.7 -24.6 -9.1 BANGKOK SET Index Turnover (nearest *000) 759.98 7,875 793.09 NA -33.11 JAKARTA Composite Index Turnover (nearest "000) 529.12 NA NA NA87 words
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304 1990-09-15 12 11 BOCK1 lailRj in vww %day year day year day ye* Sat 13 Mb change change change change change chaage Wortd 371.1 -0.2 -20.2 0.0 -22.4 -0.6 -17.2 *EAFE 504 2 -0.5 -26.0 -0.2 -26.2 -0.8 -21.3 Europe 390.2 -0.4 -13.4 -0.2 -10.2 -0.8 •4.2304 words
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Article991 1990-09-15 12 THE Australian sharemarket closed sharply weaker yesterday on thin volume with bearish offshore sentiment filtering through to the local market. Brokers said the 43-point fall in the Dow overnight and a weaker Nikkei in the day sidelined large investors. "There wasn't a lot of activity. Players are taking a991 words
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Article409 1990-09-15 12 NEW ZEALAND shares regained about one-third of a sharp morning fall in subdued afternoon trade yesterday, as brokers described several leading stocks as being oversold. "But rather disturb- ingly, the market closed around its lows for the year," said John White of Cavill White Securities. The Barclays share index409 words
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Article504 1990-09-15 12 JAKARTA stocks turnover slumped to 1.33 million from Thursday's 2.82 million and the composite index eased 1.3 point to 529.12. Bank Duta and Inco dominated the regular market at 207,500 and 158,500 shares respectively. Jakarta Rupiah VolOOO) Abda 6550 Ahap Insurance 4450 200 45 Alumindo Perkasa Utama 7000 1400504 words
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Article781 1990-09-15 12 SEOUL stocks fell for the third day in a row yesterday as investors worried about the effect on inflation of this week's flooding and about the continued stand-off in the Gulf, brokers said. The composite stock index lost 4.52 points to 603.52, with volume moderate at 97.4 billion won781 words
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Article287 1990-09-15 12 THE Taiwan stock index ended lower yesterday following Tokyo's losses and on profit-taking in the plastic and financial sectors, dealers said. After unsteady trading, the Weighted Index lost 39.64 points, or 1.13 per cent, to finish at 3,480.47. Taipei NTS 1st Sec Fund... All Sincere Indus. Asia Cement Cathay287 words
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Article455 1990-09-15 12 PHILIPPINE stocks fell sharply yesterday as a bomb attack in the capital before trading opened drove the main index down four per cent to the lowest level in over three years, brokers said. The Manila Stock Exchange Composite Index dropped 29.13 points to close at 642.30, the lowest since455 words
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Article648 1990-09-15 12 THAI stocks closed lower yesterday. The SET Index was down 33.11 at 759.98. Turnover was 7,874,685 shares valued at 1,717.31 million baht. Bangkok Baht VoKW) I Aluooo 580 unch I American Standa Asia Credit HO 5 2212 Asia Hotel 85 9.50 308 Asia Sec. Tradi 73 -5.50 ***** Ayudhya648 words
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Article18 1990-09-15 12 THE Bombay Stock Exchange was closed for trading on Thursday to enable brokers to settle pending business.18 words
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WORLD STOCK MARKETS
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New York shares take a bad beating
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Article, Illustration988 1990-09-15 13 THE Wall Street stock market suffered its worst battering in three weeks on Thursday as heightened worries over an outbreak of war in the Middle East and nervousness about upcoming economic data sent investors rushing for the exits. The Dow Jones industrial average fell 43.07 points, or 1.6988 words
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Article, Illustration712 1990-09-15 13 LONDON share prices fell on Thursday in trading unsettled, in part, by the prospect of further instability in the Gulf region. The broad-based Financial TimesStock Exchange 100-share index was down 15.2 points, or 0.71 per cent, at 2,127.1. The narrower Financial Times 30share index was down 10.4 points at712 words
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Article593 1990-09-15 13 WEST GERMAN shares ended almost two per cent lower in very thin trade yesterday, with generally negative market sentiment further aggravated by renewed concern about the Gulf crisis late in the session. Dealers said reports Iraqi troops had entered the French Embassy in Kuwait brought prices under pressure in593 words
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Article284 1990-09-15 13 FRENCH share prices began lower yesterday, unable to shake free from the overriding influence of Wall Street on the Bourse's leading stocks and taking little notice of a doubling in French inflation in August, dealers said. Volumes continued thin, and operators were anxious not to go into the weekend284 words
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Article337 1990-09-15 13 DUTCH shares ended a dull Thursday session mostly lower due to a lack erf* business amid renewed uncertainty about the Gulf crisis, traders said. Thursday's bellicose remarks from Iran's leader Ali Khameni had made investors wary again, dealers said. Khameni said the fight against US forces in the Gulf337 words
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Article167 1990-09-15 13 BELGIAN shares dropped an average 1.85 per cent yesterday, following the lead of other world stock markets, in thin, pre weekend trading, dealers said. "Tlie market went down out of sympathy with Wall Street and Tokyo," one dealer said. Steel wire and steel cord maker Bekaert continued its slide167 words
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Article238 1990-09-15 13 SWISS shares traded quietly lower at midsession yesterday. Dealers said volume was light as investors did not want to open new positions before the weekend. The all-share SPI index fell 10.1 points or 1.01 pet to 993 points. The SMI index of leading shares eased 16.1 points to 1,498.5.238 words
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Article213 1990-09-15 13 TORONTO stocks closed slightly lower on Thursday, shunning a flurry of sell programmes on Wall Street which sank the Dow more than 43 points, traders said. "They just decided to sell even if they were good or bad stocks," said analyst Rolie Bradley of Levesque.. Beaubien Geoffrion. The composite213 words
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Article384 1990-09-15 13 Johannesburg Sep 13 Rand INDUSTRIALS A Alpha 2400 unch A EC I 1410 -15 Abercom 57 -3 Amaprop 780 AM1C 7400 -100 Barlows 3275 unch Basil Strk 20B BAZ. r Blyvoor. 1425 +25 CG Smith 7150 +50 CnagaJo 1635 +10 Curfin 350 unch Edgars.......................... 3600S Fed Volk 445 unch First384 words
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Article87 1990-09-15 13 INDICES TURNOVER NEW YORK Close Sep 13 Dow Jones NYSE Financial SAP 500 Turnover (million) 2582.67 121.94 318.65 123.37 2625.74 123.43 322.54 129.89 -43.07 -1.49 -3.89 -6.52 LONDON Financial Times 30 FTSE 100 Turnover (million) 1632.90 2127.10 335.4 1643.30 2142.30 434.7 •10.40 15.20 -99.3 AMSTERDAM CBS General 184.20 184.50 187 words
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Page 13 Advertisements
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Advertisement25 1990-09-15 13 The Johannesburg report was not/ available. Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday I inBT. i J025 words
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CURRENCY, MONEY & FUTURES MARKETS
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1247 1990-09-15 14 FOREX MARKET REPORTS THE US DOLLAR yesterday finished firmer against the yen, steady against the mark and easier against sterling in cautious Tokyo trade ahead of the release of a batch of US indicators late last night, dealers said. "The US dollar1,247 words
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Article389 1990-09-15 14 Cross rates Sep m US$ S$ M$ Dm Yen SFr A$ NZS USS 1.7740 2.6940 1.5640 136.40 0.5299 1.3000 1.2092 1.5898 SS 0.5637 1.5186 0.8816 0.7689 0.2987 0.7328 0.6816 0.8962 MJ 0.3712 65.85 0.5805 0.5063 0.1967 0.4826 0.4488 0.5901 Dm 0.6394 1.1343 1.7225 87.21 0.3388 0.8312 0.7731389 words
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Article549 1990-09-15 14 Interbank rates S$ BM Offer Overnight 6 3/8 6 1/2 1-month 6 3/8 6 1/2 2-month 6 7/16 6 9/16 3-month 6 1/2 6 5/8 -Overnight mode: 6-3/16 USS BU Offer 7 days 8 1/16 8 3/16 1 month 8 1/16 8 3/16 "2 months 8 1/16 8549 words
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Article1535 1990-09-15 14 SIMEX nmrniirm Open High Low Sett Eat Vol Op/lnt Vol Sep 90 91.94 9L94 9L93 9L94 1925 ***** fl65 Dec 90 9111 92.13 92.10 9111 S3I7 ***** S623 Mar 91 92.09 92.10 92.0* 92.09 1498 8201 986 Jun 91 91.92 91.92 91.91 91.91 330 1897 196 Sep 911,535 words
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Page 14 Advertisements
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Advertisement8 1990-09-15 14 The Sang Kancil Portfolio In BT every Tuesday8 words
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COMMODITIES
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509 1990-09-15 15 Reuter COFFEE EXPORTERS in Brazil, battered by adverse currency movements and a fall in world prices, are now pinning their hopes on International Coffee Organisation (ICO) talks in London from Sep 17 to Sep 28. Brazil's negotiating stance over the possibility of aReuter - 509 words
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Article245 1990-09-15 15 MBT THE Palm Oil Research Institute of Malaysia (Porim) is working closely with international bodies to formulate a code of good practices for handling and transporting palm oil, said chairman Mohd Said Mohd Ali on Thursday. The joint effort with the Federation of Oil SeedsMBT - 245 words
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838 1990-09-15 15 REPORTS GOLD closed slightly firmer on light short-covering in Hongkong yesterday but dealers said trade was featureless. "There was nothing to focus on today except technical factors as crude oil prices remained steady," a dealer at a local trading house said. Some dealers838 words
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Article1297 1990-09-15 15 Rubber sepu ScentVkt Noon Cloae Int I RSS Prompt I56.2V157.25N I55.5<VI56.50N Int I RSS Oct 90 156.7V157.25 156.00/156.50N Int I RSS Nov 157.2VI57.75 156.50/157.00N Int 2 RSS OP I5I.2V153.25N 150.50/I52.50N Int 3 RSS OP I46.7VI48.75N 146 00/I48.00N Int 4 RSS OP 142.7V144.75N I42.00/144.00N Int 5 RSS OP I38.2V140.25N 137.50/139.50N1,297 words
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Page 15 Advertisements
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Advertisement313 1990-09-15 15 NOTICES JURONG SHIPYARD LIMITED Incorporated in tt» Republic of Singapore) LOST SHARE CERTIFICATE hM bean made to tha directors of the atoovenamad coraany to laaue duplicate share certificate In place of the following share certificate which haa been reported loaf or daatroyad: No. af ahara unit* Certificate Ma. Mama of313 words
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Advertisement82 1990-09-15 15 LOST CERTIFICATE Stock Certificate No. W374E tor IV7 stock of WEARNE BROTHERS LIMITED registered in the name of MR NO SIONG HOON haa been reported lost Notice is hereby given that new stock certificate will be issued to replace the abovementioned lost certificate if no claim or representation is made82 words
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Advertisement15 1990-09-15 15 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.15 words
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Article, Illustration492 1990-09-15 16 Kenneth James - By Kenneth James JAPANESE computer giant Fujitsu, which is buying an 80 per cent stake in UK's largest computer company, ICL, has affirmed in writing that the British company will continue with its present management and operating style. ICL will also offer492 words
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218 1990-09-15 16 Agencies BRITISH Foreign Secretary Douglas Hurd and Russian Federation president Boris Yeltsin discussed possible direct economic cooperation between Britain and the largest Soviet republic, cutting out Moscow. "We discussed intentions of Russia to have direct treaties with states, and we want to makeAgencies - 218 words
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203 1990-09-15 16 AP MANILA may agree to a five-year phase-out of US bases in the Philippines when talks on American use of those facilities begin next week, a senior Foreign Affairs Department official said yesterday. The'official, who requested anonymity, made the statement following a report that theAP - 203 words
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344 1990-09-15 16 Bank Duta scandal Reuter A FORMER director of Indonesia's scandal-hit Bank Duta, one of the country's largest private banks and controlled by foundations chaired by President Suharto, has been detained for questioning, a spokesman for the Attorney General's office said yesterday. Dicky Iskandar Di Nata, 39,Reuter - 344 words
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Article, Illustration37 1990-09-15 16 Reuter picture Two workers changing the iackpot total on a Florida lottery sign in Miami on Thursday. The jackpot is at US$lOO million and could possibly exceed Pennsylvania's record US$ll7 million jackpot. Renter pictureReuter picture - 37 words
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296 1990-09-15 16 First SNC meeting to be held on Monday AFP CAMBODIAN guerilla leader Prince Norodom Sihanouk yesterday called on the Phnom Penh government to accept him as president of the Supreme National Council (SNC), a newly-formed interim authority in Cambodia. Also yesterday, Cambodian sources saidAFP - 296 words
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312 1990-09-15 16 William Chia - By William Chia VIDEOTAPE housing maker Electro-Magnetic (S) Ltd is withdrawing its proposed rights issue of 25.S million new shares with 25.5 million detachable warrants at $1.75 a share on a I-for-2 basis. The company announced yesterday that in view of the312 words
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Page 16 Advertisements
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Advertisement6 1990-09-15 16 saccM.Q (nil nine !.eat her Collection6 words
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Advertisement9 1990-09-15 16 Telecom, ICL complete $18m post office project, Pg 29 words
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Advertisement122 1990-09-15 16 SAzcbi) (iciuuin I father ollcciiim WE'VE REACHED AN IMPORTANT PEAK! a, road to the top is often a difficult climb but all of us at the International Herald Tribune have enjoyed every twist and turn over the years. This month is a particularly exciting time for us as we celebrate122 words
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Executive Lifestyle
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Article, Illustration1166 1990-09-15 17 Harish Mehta - One-time undercover agent, author, party animal, publisher, TV show host and now the millionaire chief executive of Hongkong's biggest independent PR agency, Ted Thomas refuses to get off" the rollercoaster, says Harish Mehta Harish Mehta Tennessee Williams is a likeable old poof. And he doesn't make any1,166 words
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STRAWS IN THE WIND
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Article53 1990-09-15 17 A SHOP that makes keys has this printed on its receipts: HEALTH IS WEALTH. What has health or wealth got to do with keys, we wooder? Is health the key wealth, or is the key ■ier health, wealth, 0r... Anfway, while you're pondering, it, we'll just go buy53 words
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Article37 1990-09-15 17 ONE TRAFFIC WARDEN must be living in a time warp. According to the parking summons of one motorist, he committed his offence (Mi Sep I, 1980. And the date of the notice? Sep 1, 1940.37 words
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Article45 1990-09-15 17 IT CAN BE precarious climbing up or down the steps of a moving double-decker bus. One mother, only too aware of the dangers, was heard to command her child: "Hang on to my neck tight, but don't choke me, know or not!" JT45 words
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Article78 1990-09-15 17 Giorgio Armani has a line called "Armani Bambinos," the latter word being Italian for children. But a story in Taller magazine referred to* dozen young children dressed in "Armani Bimbo styles." Hrara, getting a head start ill life or something? Do you have a straw to78 words
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OPINIONS
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923 1990-09-15 18 Asad Latif - Forget fact and reason, go for fire and brimstone. Asad Latif examines the convoluted arguments coming from the fanatic fringe Asad Latif Asad Latif is BTs Foreign Editor THE newsletter of the Parti sa-Islam Malaysia is not a publication one would turn to for923 words
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Article, Illustration882 1990-09-15 18 Malini Tambyah - Malini Tambyah argues that parents should be allowed to decide which second language will best advance their child s prospects Malini Tambyah Malini Tambyah is with BT's Foreign Desk WHILE evaluation of the issue of real or imagined racial discrimination in Singapore is882 words
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Article, Illustration629 1990-09-15 18 Soh Tiang Keng - Soh Tiang Keng sings the praises of the MRT system. But there is a fly in the ointment: the anti-social commuter Soh Tiang Keng Soh Tiang Keng is with BT's Features Desk THE well-respected Fodor's Travel Guide compliments Singapore's MRT subway system as "possibly629 words
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Article, Illustration138 1990-09-15 18 D W Distant - LETTERS TO THE EDITOR D W Distant Singapore 0922 SENIOR ministers recently confirmed the general belief that the substantial reserves Singapore owns belongs to Singaporeans and will be given to them in ways yet to be announced.138 words
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Article173 1990-09-15 18 Assan Masood - Assan Masood Singapore 0718 I REFER to your front-page report of Sep 3 on the Gulf crisis. You had captioned a demonstration in Amman as a protest by Muslim fundamentalists. 1 am not sure how you arrived at this somewhat sinister attribute to173 words
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SPORTS
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SIDE LINES
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69 1990-09-15 19 THE UNITED States World Cup goalkeeper, Tony Meola, has left Brighton for their English Second Division rivals Watford, the US Soccer Federation announced on Thursday. Meola, who has spent the past two weeks with Brighton, and was expected to remain on loan for a69 words
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Article146 1990-09-15 19 A FORMER American basketball star, Michelle Estill, hit a superb 67 to take a surprise lead in Thursday's opemng day of the European Open. Estill has only been playing golf seriously for five years. But after taking first place last month in a regional qualifier for146 words
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Article101 1990-09-15 19 DELMIR DOS Santos of Brazil notched up his fifth Great Race stage victory in Stoke on Trent, England on Thursday, but Portugal's Paolo Catarino held on to his yellow leader's vest after the 11th leg. The Brazilian s win was made all the easier by the101 words
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60 1990-09-15 19 MIKE GATTING's hopes of leading Middlesex to another championship victory took a severe bruising on Thursday, when he retired in agony at The Oval. Gatting was hit on the elbow by Surrey paceman Waqar Younis from the first ball of his innings. Although no bone60 words
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Article151 1990-09-15 19 THE FORMER president of the International Olympic Committee, Lord Killanin, said on Thursday that a two year ban slapped on the disgraced Canadian sprinter Ben Johnson should have been for life. Lord Killanin said that Johnson, who failed a dope test after winning the Olympic151 words
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Article76 1990-09-15 19 ALMOST ALL the 46,000 people in the North Atlantic archipelago of the Faroes were on the streets on Thursday as the national soccer team returned after beating Austria 1-0 in its first international game. People rushed into the streets on Wednesday night even as a storm hit76 words
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Article127 1990-09-15 19 ENGLAND AND Spurs soccer star Paul Gascoigne is set to take the pop charts by storm with a single and an album. Gascoigne has teamed up with the group Lindisfarne from his native Newcastle. Top society photographer Terry O'Neill is taking the cover pictures for127 words
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Article, Illustration1112 1990-09-15 19 Thomas Boswell - By Thomas Boswell IHT FINALLY, an American winner of the US Open to love. Or at least to respect and enjoy without serious reservation. Thank you, Pete Sampras. Long, long ago, in a place far, far away it was Forest Hill, New York the men'sIHT - 1,112 words
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EPICURE
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Article, Illustration920 1990-09-15 20 Quek Swee Peng - Qtiek Swee Peng on asparagus tips Quek Swee Peng FINGER BOWLS have never been more widely appreciated than by asparagus aficionados. That is, by those who partake of this (over-rated?) victorious vegetable with the enthusiasm of an eternally infatuated suitor. In countries where the tight-tipped920 words
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LIFESTYLE 1
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Article, Illustration885 1990-09-15 21 N K Yong - The name of the game is making Chilean wine. But why Chile? N K Yong finds out N K Yong THE SPANISH were the first. The Californians and the Australians followed. And most recently one of the most famous names in French wine, Chateau LafiteRothschild of Bordeaux885 words
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Article, Illustration382 1990-09-15 21 Tan Boon Tiong - BRIDGE By Tan Boon Tiong A SQUEEZE is one erf" many ways declarer can generate an extra trick in the play of the hand. This can happen when a defender is over-burdened in guarding two or three suits. However, quite often declarer is allowed to develop a squeeze382 words
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Article, Illustration686 1990-09-15 22 Samuel Ee - Samuel Ee admires the bathroom tiles and avoids the crickets at the newly-refurbished Alkaff Mansion Samuel Ee They say Aikaff Mansion is better at night you get to see the lights twinkling and hear the crickets chirping. Maybe that explains why I decided to go686 words
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Article, Illustration816 1990-09-15 22 Rahita Elias - Rahita Elias finds Taiwan fun, despite an empty stomach and a full bladder Rahita Elias HE MOST beautiful I-B words 1 ever heard in TaijJL wan came from a Chinese cook in a Scotts Picnic-type food pogrt "Yes, we have chicken rice." I was tired, culture-shocked816 words
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PURSUITS
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Article, Illustration740 1990-09-15 23 Cassandra How - Cassandra How meets a nutritionist who is living proof that good health isn't the preserve of the young Cassandra How DR BERNARD Jensen can count a number of achievements in his life. Being 83 is one of them. At the age of 18, he740 words
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Article, Illustration643 1990-09-15 23 Paul Ramani - Paul Ramani feels a mite insignificant at the Guinness Book of World Records Exhibition Paul Ramani Robert wadlow is the world's tallest man. Compared to him, I'm a tall flea, but so what? At least 1 don't have trouble taking buses. Moulded in fibre-glass, the 2.72643 words
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Article, Illustration619 1990-09-15 23 Ringo Liew - By Ringo Liew 808 JAMES: Grand Piano Canyon It remains one of life's ironies that jazz keyboardist-com-poser Bob James, who has done everything from jingles to Broadway scores, is probably most famous for his theme for the TV comedy series Taxi.619 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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263 1990-09-15 24 WHEN IT COMES to corporate takeovers, Hongkong is definitely a more exciting place than Singapore. Take for the Evergp bid, which is now building up to a climax. At HKSB.62 billion, it is the biggest corporate takeover in Hongkong. In size it is263 words
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Article51 1990-09-15 24 SPOTTED in the court diary section of the South China Morning Post a writ served by the Hongkong and Shanghai Bulking Corporation on Kuan Tao Sheng, Koon King Chung John Koon King Chung and Dorkiu Ltd for the princely sum of HKS3I.6 million. Any idea what it's all51 words
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Article201 1990-09-15 24 NATSTEEL's first venture into the resort business appears to be both a success and a failure. As all the 1,500 individual and 300 corporate memberships for Nat Steel's Raffles Marina in Jurong were snapped up in record time, it surely qualifies as a success of sorts.201 words
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Article, Illustration303 1990-09-15 24 C Dow - CHART By C Dow INVESTORS are obviously putting the stock market on hold as they await the finale to the Gulf crisis, whatever that may be. But will the end of the crisis, if it comes, also result in the end of the303 words
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Article907 1990-09-15 24 Amy Balan - With stocks in the doldrums, trading in futures offers opportunities for quicker and bigger gains. Amy Balan surveys the futures scene here and ana speaks to an expert in the game Amy Balan IN MARKETS like these, you either go in for the long haul907 words
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Article, Illustration739 1990-09-15 24 Trading using the standard methods will kill you. With 50,000 other people pouring over the same charts and using the same methods, you need to be better than average to make money. You will either have to use indicators that others don't use or use739 words
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Article, Illustration134 1990-09-15 24 BULL POWER, says Dr Alexander Elder, represents the strength of buying power as represented by the trading highs of the period relative to the average price. Similarly, bear power represents the strength of sellers. The trick then is to find out which group is dominant. On134 words
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Article, Illustration659 1990-09-15 25 E P Neufeld - The near-term prospects for the C$ appear to be darkening, warns E P Neufeld E P Neufeld THE Canadian dollar has lost almost three US cents during the past few weeks, as recession fears, lower interest rates, and political developments have conspired against the currency.659 words
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Article693 1990-09-15 25 Cotten Timberlake - UK stocks have outperformed those in Tokyo and New York in the post-invasion era, Cotten Timberlake reports Cotten Timberlake AP LONDON'S stock market, which frequently follows the dominant New York and Tokyo markets, has emerged as the star performer during the global financial turmoilAP - 693 words
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Article, Illustration946 1990-09-15 25 Japanese borrowers may have to repay US$ 125b that they never thought they would have to ,v The Economist Financial instruments that claim to keep everybody happy usually end up leaving the glummest faces. During the 1980s, the favourite financial fix of many Japanese firms came fromThe Economist - 946 words
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JOBS
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Article, Illustration1000 1990-09-15 26 Harish Mehta - Former star-commentator in Indian films, TV and radio, ex-advertising and marketing wizard, and the present chief of a mass communications think-tank here, Vijay Menon tells Harish Mehta that he now prefers the non-profit rather than the profit-motivated professions Harish Mehta I WAS trying to1,000 words
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Article708 1990-09-15 26 The Japanese are making their move, again, in search of more pay, independence and satisfaction IT CAME as a bit of a shock to Nomura Research, when one of its bright young analysts suddenly upped and quit the company three years ago to join Morgan Stanley708 words
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Article, Illustration339 1990-09-15 26 William Patrick Ryan has joined the board of directors of Rothmans Industries Ltd. Mr Ryan, the chief executive elect, tobacco in Rothmans International pic, has been with the Rothmans Group for 24 years. He has also held various senior management positions in Rothmans operations in Australia. Dr Ling339 words
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Article1035 1990-09-15 27 CKy FMgM ETA Fight ETD i HrnDt+l MataMt SQ226 2035 QF81 2005 nwitwi— SQ23 1350 KL838 2115 KL837 1430 SQ24 2200 MM TE25 1610 TE28 1730 SQ338 1925 BA12 2200 BaatfarSaii SQ182 0915 ■H—i SQ181 1410 tiMtil*" Of62 1135 TG402 0630 TG403 1155 CJ664 0650 SQ691,035 words
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THE TRAVEL PAGE
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Article, Illustration459 1990-09-15 27 LETTER FROM TASMANIA ONLY 200 km of Bass Strait separate the island state of Tasmania from mainland Australia. However, despite the ease of crossing, Tasmania remains a world apart, a unique aspect of Australia. Tasmanians regularly have cause to complain when the island is left off459 words
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Article152 1990-09-15 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar I.4SS 1.475 Canadian dollar 1.510 1.5330 NZ dollar 1.100 1.130 Sterling pound 3.325 3.355 US dollar 1.7700 1.7800 Local dollars to 100 units of foieiga currency Austrian schilling 15.85 16.85152 words
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Article67 1990-09-15 27 Duration Tide Venue Organiser Td Sep 7-17 International Fair Switzerland Schweizer Muster Mustermesse 61/686.20.20 Sep 15-18 International Leather Week Paris Semaine Internationale Du Cuir 1/*****569 Sep 15-20 International Trade Fair for the Food and Catering Industries Germany Munchener Messe 89/***** Duration Title Venue Organiser Td Sep 19-2467 words
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TIME OFF
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Article171 1990-09-15 28 Journey to Vienna I Conducted by Lim Yau, soloist Yeo Kuei Pin on piano. Pieces from Mozart, The Marriage of Figaro Overture K492, Beethoven, Piano Concerto No 3 in C minor op 37 and also selection of works by Johann Strauss 11. Venue: Singapore Conference Hall. Date: Sep 21.171 words
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Article, Illustration293 1990-09-15 28 K Jayanti - Compiled by K Jayanti Art By The Inch Drawings, gouaches, etchings, lithographs and serigraphs by Corneille, Sarah Beckett, Yusof Ghani, Damrong Jaruaurai, Midelti and many others Venue: Art Affairs, 35 Duxton Road, Singapore 0208. Date: Sep 1-22. Time: 11am to 6pm daily, except Sundays. Masters of The Female Form293 words
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Article, Illustration460 1990-09-15 28 Bleed Brother*. Two Italian blood brothers leave sun, Sicily and spaghetti to sail to America where they stop a gang of ruthless terrorists with their martial arts skills and garlicky breath. Midnight tonight and 11am show tomorrow at Jade 1. Death Warrant When he realises he can't make a460 words
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Page 17 Advertisements
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Advertisement176 1990-09-15 17 a a a m MKulB VMBIE JjtmL AW J m \L m K k CnH tr J [P x *e^r-»-^ fS *js rm jfl »^^Wfci^fe4S»ißß&%:' 1 H I II m/kkM I A J II Pif W V 1 flV* I 1 E M fk *f» Jth. fl B r H176 words
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Page 18 Advertisements
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Advertisement14 1990-09-15 18 A lively way with words mm v.. o >. AwArtto «f good bookthopt Ffdcrtl PubNcittont14 words
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Page 18 Miscellaneous
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Miscellaneous17 1990-09-15 18 DOONESBURY BY GARRY TRUDEAU ANYBOWHSARP MKT-NEVER KNOWING ANYTHING ABOUT NOPB. UjHAfS 60N6CN! IMm MPUNN^S TT'U- SBTTLB MY17 words
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Page 19 Advertisements
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Advertisement65 1990-09-15 19 POSSIBLY THE COOLEST MlhMtf I THING ;;^^Br^PS:'^^^H' TO OUR I NEW RANGE CASUAL SHIRTS 1 H I -Si -f jo^B M." ■^^^^^■VTHSmI* The new range of casual shirts, designed for the tropics. ,*n Available at all leading department stores ond also Arrow shops at OUB Centre. Peninsula Plaza ond Chinatown65 words
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Page 19 Miscellaneous
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Miscellaneous60 1990-09-15 19 Golf Rules rui£ \-k\ roim not w ruib6 If MY IN PI6FUT£ MOT CtV&RSp -TU£ RUl£9 -TH£ p£M£l0U 6-KAO- fAAPe IH kOCOKPNACZ WITH tOUlTV V2 M A 11 >u SnS&aiiS hsstNBp MB £1 OH $■■*5 M l A«tV' *>■■■» Mv.VtV MM' luif in** iii*^ 111*15 ROUS OF COIF ©1917 ROVAl60 words
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Page 20 Advertisements
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Advertisement1126 1990-09-15 20 WHERE TO WINE, PINE AND ENTERTAIN... WHERE TO WINE, PINE AND ENTERTAIN..■ WHERE TO WINE, DINE... L THE TEA ROOM TAKES YOU SOUTH OF THE BORDER. It's fiesta time at The Tea from the Camino Real of Room. So grab your sombrero Mexico City. and come with us down September1,126 words
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Page 21 Advertisements
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Advertisement315 1990-09-15 21 AND ENTERTAIN "There's More To Brussels Than Sprouts.* Chef Pierrot van Hauwermeiren ■fe; tfk+imfam KLCIAN m castmonomjque fair SEPT iTO 11. 4 BUSINESSMAN^ iM LUNCHEON Ml 00.. UP- jPW Pt PERSON I li NOON TO 2 30PM !■DINNER 7PM TO 10 30PM From September 5 to 18, Brussels' famous Chef315 words
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Advertisement229 1990-09-15 21 SINGAPORE'S RESTAURANTS -★RECOGMnnKDN*Symbols TUNK-KA OF THAILAND Rated as one of the 100 BEST restaurants in Singapore, Tunk-ka of Thailand scored FULL MARKS for its food quality. It's the choice of Tatler's readers for the best place to eat in Singapore. At Tunk-ka, it's more than a matter of taste! J229 words
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Advertisement116 1990-09-15 21 jflSSb T»*r%||/ m Reslaurant and I K\/ll%rm Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE ZI w*. Romantic Candlelight Dinner With Karaoke at Troika Happy Hours Daily $12.00++ One for one drinks Restaurant Hours c i Karaoke Hours Mondays to Saturdays Daily £W?* 10 Pm 7.00pm to ZOOam Mondays to Sundays116 words
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Page 24 Advertisements
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Advertisement9 1990-09-15 24 Managers must manage. BT shows you how every Monday.9 words
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Page 24 Miscellaneous
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Miscellaneous15 1990-09-15 24 W 'You'd expect some Kuwaiti princes, if only to take their minds off things' Punch15 words
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Page 25 Advertisements
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Advertisement47 1990-09-15 25 i Great Eastern Life has over 80 years of experience and the solid back-up of assets of over M $2.5 billion. M As the leading local life insurer, we 're committed m to taking care of you, now and into the 21st century. mj Great Eastern Life47 words
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Advertisement731 1990-09-15 25 -r FOR x qooo fortune* prosperity deposit with HONG LEONG FINANCE SINGAPORE FINANCE r TAATS UVM home one or more of MORE FREE GIFTS ITEMS Better More Prizes In Our Grand Lucky Draw i: mths 6 nth PHILIPS GIFT ITEMS* AND/C* f mum "ggi k JES! Take home bottles of731 words
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Page 26 Advertisements
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Advertisement223 1990-09-15 26 MARKET RESEARCH OPPORTUNITY TAIWAN The People You have been in market research for at least 3 years and you are looking for career direction. You want to share in the responsibilities and successes of an organization that allows you to do just that. You speak and read Mandarin and can223 words
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Advertisement215 1990-09-15 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 merits since we started business of labour, Indochina has been and Myanmar. in Vietnam said the Managing seen by foreign215 words
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Page 27 Advertisements
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Advertisement59 1990-09-15 27 Ihe buMncsv person'* choice c\cr\ lucmljv. T" 7~ rhurMl.i\>.uurila> .in»t s >unilj\.lt.nin>;( h.ingi I I I—IS \i r port .it 22:2? hourx ,irul .it I J I I I J M m (iij.irJu or \i*jrk liucrnjtinnjl \irporu the X J i V V X V /X VI V. followingiljn. A59 words
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Advertisement72 1990-09-15 27 p H '3ra I 5 ''^mt^^ :.K i V' 5/ 1 1 U jl® I I I ~lll9! EB^T^®^>',-«-- 1 ~r, >* i-» 7 n > r I i\ WE «n-js*- rj: -^r-i *"■> i? -«^i iW ,>i!^,^i M^-^-i^. i.jjuz* > frJ?' '~Js£# > l^rf H*"**?» 111 ~i" >< The72 words
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Page 27 Miscellaneous
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Miscellaneous277 1990-09-15 27 6 One studying heat changes finds chrome deteriorates 8 Compete with yours truly in a bunch (6) Pj I I I j 9 Prior finds clergyman in pL-U—U—u—U sanctimonious surround- I 10 Endlessly turn round in a j ll j j j j jjf 2 f 3 j 1 11277 words
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Miscellaneous203 1990-09-15 27 Singapore Report (Thur) Max temp 32.3* C Assoc humidity 66% Min temp. 24.5* C Assoc humidity 97% Hrs of sunshine 8.40 Rainfall in mm Nil Rainfall this mth 85.9 Rainy days this mth 8 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 16/07 Fair Bangkok 34/25 Showers Beijing 31/19 Cloudy Brunei 33/23203 words
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Miscellaneous22 1990-09-15 27 DON'T HRVG TO LIFT mON£/ fcK OLD Tv4\s NGAJ IS R mpsßvet.... ft FINGCK— sue Does evesyTwuG... EVKMNO CTANOAMO CO. LTO, &IJ^.S?6422 words
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Page 28 Miscellaneous
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Miscellaneous1604 1990-09-15 28 TODAY'S TV 12.00 NNNa»s(M). PMTkeSißi Bead —The BHUmnMMUHHHi Edge Penyelesaian, 3pm, Max Monroe: Loom Cannon, 110 Rampai Kenyaiang. SBC 5 12.45pm, SBC ew» H Bright lights and ob- Deejay Shadoe plays 205 SYY: viously don't mean anything Dada Dara to a village reporter's tn ht 3.00 Maag Ma BirtMi. this1,604 words
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Miscellaneous686 1990-09-15 28 MOVIES ON TV I' > and bird trainers hit the big Stow Boat, Mm, 10.30p« time and leave him, SBC 12 small-time theatrical agent On a showboat drifting slow- so frustrated that he feels b£e ly down the Mississippi Riv- pulling out his hair. But since er, it's not a686 words
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