The Business Times, 29 December 1990

Microfilm: NL17372
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 16/12/90 UWL-pnrl Frlifinn December 29-30 1990 75*
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  • NEWS & MARKETS SUMMARY
    • Article
      Kaifu to reshuffle Cabinet
      56 1 JAPANESE Prime Minister Toshiki Kaifu agreed with ruling party leaders to reshuffle his Cabinet today in an apparent move to strengthen his standing in the party. Parliamentary sources said the reshuffle did not signal any major changes in Mr Kaifu's domestic or foreign policy, although he
      56 words
    • Article
      Dow down
      44 1 SHARE prices slipped at the opening bell on Wall Street yesterday, with the Dow Jones index of leading industrials losing 2.22 points to 2,623.27 in the first five minutes of trading. On Thursday the Dow index closed 11.64 points lower at 2,625.49.
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    • Article
      Footsie higher
      36 1 BRITISH share prices were narrowly mixed at midday yesterday in light trading ahead of the New Year holiday. At about 1215 GMT, the Financial Times-Stock Exchange 100-share index was up 0.1 point at 2,167.9.
      36 words
    • Article
      Textile accord
      61 1 A TEXTILE agreement signed between the US and Singapore will give local exporters continued access to the huge US market, worth nearly $1.5 billion in textile and garments exports annually. The Trade Development Board yesterday announced an extension of the Singapore/US textile agreement for five years. The current
      61 words
    • Article
      Van Der Horst ahead
      54 1 BUOYED BY bigger margins and greater production efficiency, Van Dfer Horst has chalked up a 29 per cent increase in after-tax group profits to $2.45 million for the year to September 1990. This works out to an earnings of 4.2 cents per share, up from 3.3
      54 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 580.18 +4.39 Kuala Lumpur ....500.88 0.16 Hongkong 3,053.7 -12.98 Tokyo 23.848.71 -91.99 Sydney 1,278.0 -2.4 Thursday Change New York 2,625.50 -11.63 London 2167.8 +11.5
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    • Article
      CURRENCIES
      20 1 Exchange rates USS SS 1.7425 Yen SSI 2831 MS SS0.6385 Money market rates Overnight 4% +2-1/2 3-montn 4-3/4% +1/16
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    • Article
      COMMODITIES
      37 1 London Gold AM fix US$385.40 USSI.65 Rubber S'pore Jan 153.50*/kg +0.25 M'sia Jan 240.00«/kg +0.50 KL Tin Turnover 45 tonnes +15 Spot MS 15.00 /kg +0.01 Crude palm oil Turnover 1,268 lots +215 Jan M$886/tonne +4
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  • Article, Illustration
    Oei sells UIC shares to Liem in surprise twist
    642 1  -  By Amy Balan IN ANOTHER surprise turn of events, Oei Hong Leong has sold off the bulk of his shareholding in United Industrial Corporation to Liem Sioe Liong, effectively transferring control of the massive property group to Indonesia's richest tycoon. The
    642 words
  • Article
    Lock icon US leading index drops for fifth straight month
    294 1 Reuter THE United States government's main economic forecasting gauge dropped for a fifth straight month in November, the Commerce Department said yesterday, bolstering the impression of an economy skidding deeper into recession. The Index of Leading Indicators was down 1.2 per cent
    Reuter  -  294 words
  • Article
    US and Iraq still deadlocked over date for dialogue
    393 1 The Gulf Crisis US PRESIDENT George Bush vowed there would be "no compromise on anything" while Iraqi Information Minister Latif al-Jassem insisted "our policy is fixed", as Iraq and the US continued to refuse to budge in the Gulf crisis. President
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  • Article
    JTC to more than double spending on projects
    399 1  -  By Lilian Ang THE Jurong Town Corporation (JTC) is planning to spend some $190 million in the current financial year on development projects nearly 2.5 times the amount spent in FYB9/90 ended March 31. The massive sum, compared to FYB9/90's $78.8 million,
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      118 1 Nikon The Wbrid's Ftrwat Photographic System. COVER It's Turkey 11 |t ,JK 9/ Award time iliiS once more /Ajm&xjtM Aircraft Schedule El 9 Commodities 15 Company News Cryptic Crossword EL 9 Executive Jobs El 8 Futures Options M Interbank Forex Rates 1* Home News 2 KLSE 10 Money Changer Rates
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      Page 1 Advertisements Column 2
      49 1 YEARENDER I Screen gems and I comes of age. OPINIONS New Year resolutions and revolutions. EL 2 A Hyde Park in our midst. EL 2 BT Top 100: Don't miss it What damage has the Gulf crisis done to the Singapore stock market? Find out in BT on Monday.
      49 words
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      Page 1 Advertisements Column 3
      336 1 Nikon fi n a t CuaiMl TO# mXnJ IrVMI oyiwrTi. FASHION Plight of the over-dressed EL 7 i •V Awi. v-'f-,-i V Why more women Hock Lock Siew, Pg 3 4• 1 1 Today, one watch reigns supreme. "I'. T f J jj■ s V v m -4ISHP ifr I
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Higher penalties for overloaded vehicles
        95 2 FROM MARCH next year, higher penalties will be imposed on those who overload their vehicles. Fines will range from $50 to $200, depending on the degree of overloading. According to the Registry of Vehicles, about 2,900 vehicles were found overloaded during the first 11 months
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      • Article
        NKF plans life endowment fund
        88 2 THE NATIONAL Kidney Foundation will set up a life endowment fund of $50 million. Interest income from the fund will be used for NKFs operations and services, said Dr Tay Eng Soon, Senior Minister of State for Education and NKF president. Dr Tay said NKFs
        88 words
      • Article
        NUH to revise fees
        84 2 FEES for subsidised patients at the National University Hospital will be revised from next month. The increases will be from $2 for daily treatment fees, $3 for subsidised ward charges and outpatient fees, to $5 for intensive care ward charges. A statement from NUH said that
        84 words
      • Article
        Corrections and clarifications
        175 2 IT WAS incorrectly stated in yesterday's BT that Chia Siong Lim and Chia Song Heng were charged together with the head of Pico Brunei, Sung Si Wah, in Brunei with attempting to bribe the Shell Brunei manager to obtain an exhibition contract for Pico Brunei. Sung was
        175 words
    • Article
      S'pore, US extend textile accord for five years
      297 2  -  By John Tan A TEXTILE agreement signed between the US and Singapore will give local exporters continued access to the huge US market, worth nearly $1.5 billion in textile and garments exports lyThe Trade Development Board (TDB) yesterday announced an extension of
      297 words
    • Article
      NTUC appoints third deputy secretary-general
      198 2 NTUC ASSISTANT secre-tary-general Goh Chee Wee has been promoted to deputy secretary-general. With his appointment, the National Trades Union Congress will now have three deputy secretary-generals, the other two being Mr Lim Boon Heng and Mr Lawrence Sia. Mr Goh's appointment, approved by NTUC's Central
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    • Article
      Union plans new unit for community service
      248 2  -  By Anna Teo THE NATIONAL Trades Union Congress is setting up a new unit to go into community service, secretary-gen-eral Ong Teng Cheong announced last night. While the protection of worker welfare will remain the unions' primary mission, NTUC has reached a stage
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    • Article, Illustration
      4As: Don't deal directly with agency clients
      323 2  -  By Sangeeta Mulchand THE ASSOCIATION of Accredited Advertising Agents (4As) has called on media owners to stop dealing directly with advertising agency clients on booking of time or space in their various media. Direct bookings save media owners a IS per cent commission
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      604 2 Vessel Voy No Berth InM DtparUrt Vessel Voy No Berth Irrtal Departure Adka Permata 21A K29 alongside 28.12/1430 Wipya 1 ***** MIC 29 12/0800 29 12/2300 171 Star 06/90 MSA 28.12/1745 28.12/2359 Borussta 01A20 K33 alongside 29.12/0700 Kota Benar E-878 K31 alongside 31 12/2300 Kota Beran E-879
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    • Article
      CONTAINER SCHEDULE
      1342 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boofcng/Balance Rsits Shp Voy No Etb/Btr Period From To From A* Glory ***** 31/2359 4 29/1200 29/1459 29/1700 Aysen UN 29/1430 1 28/1500 28/1659 28/1900 B Metob 823 30/0800 1 28/1500 28/1659 28/1900 2 28/1700 29/0659 29/0900 3 29/0700
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Van Der Horst after-tax group profit jumps 29 pc
      484 3  -  Dividend of one cent per share to be paid as token ot appreciation By Dexter Lee BUOYED BY bigger margins and greater production efficiency, Van Der Horst has chalked up a 29 per cent increase in after-tax group profits to $2.45
      484 words
    • Article
      QAF's poor results due to unforeseen stiff competition
      308 3  -  By Genevieve Cua FOOD group QAF Ltd yesterday said that its poor interim results were partly due to its failure to foresee the stiff competition in the food commodities market. The statement issued yesterday was part of a reply to further queries
      308 words
    • Article
      Lock icon Palmco reports $4.44m group pre-tax profit
      309 3 Bernama PALMCO Holdings Berhad yesterday reported a group pre-tax profit of M 54.44 million for the five months ended Nov 30, 1990, against M 53.21 million in the same period last year. Group turnover, however, fell 26 per cent to M$ 146.61 million in
      Bernama  -  309 words
    • Article
      Keppel Finance to tap funds with $60m bond
      398 3  -  By Amy Balan DESPITE the Gulf Crisis, the Keppel group is back in the market to tap funds, and at highly favourable rates. Its subsidiary Keppel Finance has proposed a $60 million unsecured bond issue sweetened with detachable warrants to raise cheap
      398 words
    • Article
      Inno-Pacific restructures operations
      347 3 INNO-PACIFIC Holdings (IPH) said yesterday that it has transferred all the group's trading businesses to a whol-ly-owned subsidiary, Masetrale Holdings, as part of a restructuring exercise. The subsidiary, which will be renamed Inno-Pacific Intertrade (IPI), has also entered into a sale and purchase agreement with Mr Ho
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    • Article
      Oei is setting his sights farther afield
      882 3  -  THE HOCK LOCK SIEW COLUMN There are ostensibly good reasons for his exit from UIC By Mano Sabnani UNITED Industrial Corporation is one company that just does not seem to be able to get out of the limelight. Or perhaps it does not
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    • COMPANY BRIEFS
      • Article
        Metalock sets up Portugal subsidiary
        67 3 METALOCK (Singapore) has incorporated a subsidiary in Portugal to re-condition and manufacture diesei and industrial engine parts. The subsidiary is named Metsing Fabric© de Componentes de Maguinaria Diesel a Industrial, Lda. Metalock will hold 97.5 per cent of the company's initial paid-up capital, totalling about
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      • Article
        UPP pays Insas $2.04m
        65 3 UNITED PULP PAPER Co (UPP) yesterday paid $2.04 million to Insas Berhad, formerly known as Paper Products (Malaya), under a conversion agreement dated Aug 14, 1987 between UPP, its wholly-owned subsidiary United Paper Industries and Insas. UPP said that the agreement was part of a capital
        65 words
      • Article
        Pan Pacific unit buys property
        94 3 PAN PACIFIC Publications (PPP) said that its whollyowned subsidiary Hoti Paper (S) yesterday entered into a sale and purchase agreement with Insulpack Industries to purchase the property situated at No 16, Fan Yoong Road, for $2.5 million. The property consists of a standard JTC Type
        94 words
      • Article
        Renong optimistic
        80 3 RENONG BERHAD expects to do well next year, managing director Aminuddin Yusof Lana said yesterday. Renong, which had been very busy with its restructuring exercise, was expected to turn in good group results after June next year, he told newsmen after the company's annual general meeting in Kuala
        80 words
      • Article
        Mulpha to buy Johnson Shoes
        108 3 MULPHA International Trading Corp said it has entered into a conditional sale and purchase agreement to acquire 51.8 per cent or 1,449,863 shares of Johnson Shoes Bhd for M$ 1.449 million in cash. The vendors of the shares are Meridian (M) Sdn Bhd and Central
        108 words
    • Article
      Softer yen, Gulf crisis hit Isetan's interim results
      259 3 JAPANESE retailer Isetan yesterday said that the weakening yen and the continuing Gulf crisis, coupled with rising operating costs, have affected its results for the six months ended Sep 30. The group reported an operating profit after tax of $7.21 million on
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    • Article
      Warrants: premiums and gearing
      642 3 PricM(asat 27.1190) I Conversion term* Premium/ (discount) Expiry Amount Opdoni r using A Company l»sued Wib Share Lnatk Conv tXK prict Lnstk Cash Cash 1 Lnstk 2 Gearing* Date Mths (m units) nom (eft ratio value 1 U c&cwt 37.5 0.945 3.400 1.00 3.09 D Krl
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Wako Koek going bust as Sino-Jap trade falls
        131 4 A JAPANESE firm specialising in trade with China and communist nations has virtually gone bankrupt, mainly because of a steep fall in Sino-Japanese trade caused by international economic sanctions against Beijing, main investors in the company said on Thursday. Wako Koeki Co,
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      • Article
        AMR pilots 'sickly'
        76 4 AMR CORP's American Airlines said its pilots continued to call in sick in near-record numbers on Thursday despite a judge's order not to engage in actions to delay and cancel flights. American spokesman Tim Smith said the carrier still has about 525 pilots out sick. "We did
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      • Article
        Mitsui buys stake in US firm
        99 4 MITSUI OSK Lines Ltd acquired a 50 per cent stake in Skaarup Shipping Corp of the US, which operates tramp cargo services, a Mitsui spokeswoman said. Earlier this month privately held Skaarup said it sold a substantial shareholding to Mitsui for undisclosed terms. Mitsui
        99 words
      • Article
        Ajinomoto in Thai food deal
        104 4 AJINOMOTO Co, a Japanese food processor, said it will establish a company for production and sales of frozen precooked food in Thailand in a joint venture with Ajinomoto Co (Thailand), the Japanese company's affiliate. The new company, called Ajinomoto Frozen Foods (Thailand) Co, will be
        104 words
      • Article
        Swedish group in arms venture
        76 4 SWEDISH arms and chemicals group Nobel Industrier AB and state-owned arms company FFV said they agreed to form a new arms group with annual turnover of around five billion crowns. The new company, to be called Swedish Ordnance FFV/Bofors AB would begin operation on January
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      • Article
        Omni may take foreign partner
        96 4 OMNI HOLDING AG, an investment company with debts of two billion Swiss francs, may involve a foreign partner in developing employment agency Adia, Omni's chairman Werner Rey said. Mr Rey said Omni could sell its 42 per cent stake in Adia's voting capital but was
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    • Article
      Lock icon Pan Am, TWA merger talks in a deadlock
      360 4 Reuter PAN AM CORP and Trans World Airlines Inc appear to have reached a standoff in merger negotiations, with each side blaming the other for failing to move talks forward. The flurry of letters between Pan Am and TWA in recent days
      Reuter  -  360 words
    • Article, Illustration
      Lock icon Kazuo Wada: A maverick with his eyes on HK
      674 4 Reuter KAZUO WADA, chairman of Japan's Yaohan Department Store chain, waxes eloquent when talking about vegetables on the Chinese free market. "Cucumbers, tomatoes, cauliflowers very good quality," the son of a greengrocer exudes, making shapes in the air with his hands.
      Reuter  -  674 words
    • Article, Illustration
      Laptops likely to lap up attention in expected computer pick-up
      561 4 AFTER an unnerving slump, computer industry experts believe demand for information technology might pick up again in 1991, but only in sectors where more power is promised for less money and in smaller packages. They hope a combination of new
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    • Article
      Lock icon Japanese venture capitalists unlikely to change tack
      481 4 Reuter JAPAN'S venture capital firms, often the unadventurous arms of banks and brokerages, have long been content to make steady profits by helping small but established firms go public and this conservative strategy is unlikely to change soon, analysts and industry officials say.
      Reuter  -  481 words
    • Article
      Lock icon Shrinking demand expected to hit European airlines
      533 4 Reuter EVEN if the Gulf crisis is resolved and oil prices retreat, slowing passenger traffic will undermine the European airline industry's profits in 1991, analysts said. Iraq's invasion of Kuwait and the subsequent surge in oil prices has slashed 1990 profits, airline analysts
      Reuter  -  533 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      142 4 yim DATO SIR I I CHENG LOCK TAN I I An authoritative and personal I I account by his daughter, I I Alice Scott-Ross. I I An important figure in the I I history of Malaya who was I I accorded a state funeral. He I I was highly decorated
      142 words
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  • FINANCIAL NEWS
    • Article
      Lock icon Kuwaiti banks applying to resume world operations
      429 5 Reuter KUWAITI BANKS are preparing applications for licences which will allow them to return to the international financial system, a letter from the exiled central bank of Kuwait showed. A letter from Sheikh Salem Abdul Aziz Al-Sabah, governor of the central bank of
      Reuter  -  429 words
    • Article
      China trusts to set up securities firms in Shanghai, Shenzhen
      356 5 TWO OF China's international trust and investment corporations (ITICs) are planning to set up securities firms in Shanghai and Shenzhen, the South China Morning Post reported. Shanghai International Trust and Investment Corp will soon establish a company with the aim
      356 words
    • SMALL CHANGE
      • Article
        Trading on Wall Street delayed by fire
        95 5 AN ELECTRICAL transformer exploded early Thursday in the Wall Street district, setting off a fire, delaying trading on the two major stock exchanges for more than two hours and possibly exposing at least 40 people to dangerous PCBs. Flames shot eight stories high
        95 words
      • Article
        US insurers group confident
        72 5 AN INSURANCE industry trade group said any study by the US Treasury into the health of the insurance industry would find it solvent. Insurance Information Institute vice-president Marc Rosenberg said the industry has already been reviewed by the House Commerce Committee and Senate Judiciary Committee. "This
        72 words
      • Article
        Westpac buying building society
        96 5 WESTPAC BANKING Corp Ltd said it has agreed to buy New Zealand's largest building society. Southland Building and Investment Society (SBIS), for an undisclosed sum. Westpac said the purchase was subject to the approval of the 50,000 members of the society which would convert to a
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      • Article
        Japanese net buyers again
        54 5 JAPANESE INVESTORS resumed buying foreign securities in November after two months of record selling, largely prompted by more attractive interest rates in Japan, the Finance Ministry said on Thursday. Net purchases of foreign securities came to US$2.l5 billion in November compared with record net sales of
        54 words
    • Article
      Ruling revives Deak Perera case
      257 5 A COURT RULING has resurrected one of the murkiest episodes in Hongkong's banking history. The South China Morning Post reported that the Court of Appeal ruled last week that the Official Receiver has established a case against two people associated with Deak Perera, whose collapse
      257 words
    • Article, Illustration
      Jakarta gets tough with insurance companies
      445 5 THE Indonesia government will suspend the operation of insurance companies failing to meet new capitalisation requirements as of March 20, Minister of Finance Johannes B Sumarlin said earlier this week. The Jakarta Post reported him as saying that if such companies fail to increase
      445 words
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      Page 5 Advertisements Column 1
      77 5 m ak. MI iiwHk &BL£*. Sfc. rill JMEfc. .-JI Jivßßf jB JM V, mM wb g- .fW X V K. jlgg h Hf Mr ■mH i POWER DRESSING FOR t GOLFERS A H j |L introduces |1 I fl v I H fl Imtxccably tailored apparel up ft HB b
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  • Page 5 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Kinta Highlands to be developed into resort
        77 6 ABOUT 1,500 hectares of the Kinta Highlands near Ipoh will soon be developed into a resort centre comparable to Cameron Highlands and Genting Highlands. The project was among several drawn up to further develop the local tourist industry, Perak Menteri Besar Tan Sri
        77 words
      • Article
        Impact of driftnet fishing
        92 6 SCIENTISTS from New Zealand's Ministry of Agriculture and Fisheries were due to leave Wellington for the Tasman Sea on Saturday to determine the impact of driftnet fishing on albacore tuna. Five crew and four scientists planned to map tuna shoals in areas previously fished by driftnetters
        92 words
      • Article
        Filipino repatriation ruled out
        65 6 THE Philippines could not repatriate the more than half a million Filipinos in the Middle East if war erupted between Iraq and the US-led multinational force in the Gulf, Foreign Secretary Raul Manglapus said on Thursday. "Evacuating....is something I think we are not even looking at
        65 words
      • Article
        Swiss to release Marcos hinds
        77 6 SOME US$5OO million salted away in Switzerland by former Philippine president Ferdinand Marcos will be available to the Manila government once it goes through appropriate formalities, Switzerland's highest court announced on Thursday. The ruling by the Federal Tribunal put an end to five years of
        77 words
    • Article
      Lock icon Drought warning prompts call for agriculture review
      459 6 AFP PRESIDENT Corazon Aquino on Thursday called for a review of the Philippines' agricultural sector, following reports that a widespread drought will hit the country for the second year running in 1991. Meanwhile, the agriculture department said the sector posted only 1.46 per
      AFP  -  459 words
    • Article
      Lock icon Thai economy expected to slow down next year
      272 6 AP THAILAND'S economy expanded by 10 per cent in 1990, but the rate likely will fall to 7-7.5 per cent next year if world oil prices remain at current levels, a government agency said on Thursday. Mr Phisit Pakkasem, secretary general of
      AP  -  272 words
    • Article
      Lock icon Thailand and Iran to boost trade ties through barter
      211 6 AFP THAILAND and Iran have agreed to boost economic cooperation, with Teheran to supply 20,000 barrels of crude oil a day throughout 1991, a Thai Foreign Ministry official said on Thursday. The crude oil supply agreement was reached in a meeting
      AFP  -  211 words
    • Article
      Lock icon Indonesia hopes to host seminar on Spratlys
      262 6 AFP INDONESIA wants to host a seminar to prevent the Spratly islands in the South China Sea from developing into a conflict zone, the Jakarta Post reported yesterday. "We will work towards making the islands a new cooperation zone for the surrounding countries
      AFP  -  262 words
    • Article
      Lock icon China urges Hanoi, Phnom Penh to act
      244 6 AFP CHINA has urged Hanoi and its client government in Phnom Penh to demonstrate their sincerity in wanting peace in Cambodia by taking "concrete actions". "It is hoped that Vietnam and the Phnom Penh side will conform to the general trend of the
      AFP  -  244 words
    • Article
      Lock icon Yangon urged to prevent student brain drain
      183 6 AFP TFJAILAND has urged Yangon's military junta to reach an understanding with dissident students to prevent a "brain drain", a foreign ministry spokesman said. Newly-appointed Foreign Minister Arthit Urairat told U Nyunt Swe. Burma's Ambassador to Thailand, on Wednesday that Yangon should consider
      AFP  -  183 words
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      Page 6 Advertisements Column 1
      336 6 Start the NEW YEAR with a BUBBLY AFFAIR. 4 i i j What better way to cap off a terrific year this New > f 'J) y I Eve. than with a sparkling evening of dazzling J J 0/ dining and partying at Le Meridien. Were celebrating t I V
      336 words
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  • THE WORLD
    • Article
      Lock icon Analysts point to solid evidence that the US is in recession
      727 7 Orders for durable goods nosedived 10.5 pc in November NYT IN YET ANOTHER ominous economic pulse-taking, the government reported on Thursday that orders to factories making all sorts of durable goods from watches to locomotives tumbled 10.5 per cent
      NYT  -  727 words
    • Article
      Lock icon Call in China to cap output growth
      373 7 AFP FEARS of an overheating economy and resurgent inflation have prompted Chinese economists to warn that industrial output growth should not pass six per cent in 1991, the China Daily said on Thursday. "Some indicators clearly point to a speeding up of the
      AFP  -  373 words
    • Article
      Lock icon Sinha outlines plan to mend Indian economy
      482 7 AFP FINANCE Minister Yashwant Sinha on Thursday said India's staggering economy could be put back on the rails despite rising inflation and announced tax changes to bring in some US$45O million. Mr Sinha told the Lok Sabha, the lower house of parliament, that
      AFP  -  482 words
    • Article
      Lock icon Brazil gets tough with private sector monopolies
      236 7 AFP THE Brazilian government has launched an attack on alleged abuses of economic power by quasi monopolies in the private sector. Targeted for the first government probes are the Autolatina car firm, a jointly operated subsidiary of Germany's Volkswagen and the US Ford
      AFP  -  236 words
    • Article, Illustration
      Lock icon Beijing replaces its public security minister
      222 7 AP THE Public Security Minister who failed to keep order during last year's massive democracy movement was replaced yesterday by his former assistant, the official Xinhua News Agency reported. The Standing Committee of China's legislature approved the change as it concluded a nine-day session.
      AP  -  222 words
    • Article
      Lock icon Strong labour unions help trade: study
      423 7 AP MOST COUNTRIES that compete successfully with the United States for trade have stronger labour unions than the US, according to figures put together by an American economist. "The US has among the lowest unionisation rates in the world today...," wrote Thomas Karier, who
      AP  -  423 words
    • WORLD WATCH
      • Article
        Finland, Soviet Union end barter trade
        98 7 FINLAND and the Soviet Union on Thursday signed an agreement to end barter trade at the end of this year and to switch to convertible currencies. The agreement was signed in Helsinki by Finnish Minister of Trade and Industry Ilkka Suominen, who only last
        98 words
      • Article
        Brazilian inflation tops '89 level
        85 7 BRAZILIAN consumer prices surged 1,795 per cent in 1990, outpacing last year's rate of 1,765 per cent, the government reported on Thursday. The acceleration occurred despite President Fernando Collor de Mello's pledge to halt inflation within a year of taking office in March. He introduced
        85 words
      • Article
        US box office takes US$4.71b
        68 7 US MOVIEGOERS plunked down more than US$4.7l billion for tickets this year through Christmas Day, less than 2 per cent behind last year's record-setting pace of U554.79 billion at the same time. Last year's final total hit US$5.O3 billion, while this year's bolstered by the
        68 words
      • Article
        Tokyo training aid for Soviets
        105 7 JAPAN has earmarked in its proposed 1991 budget 100 million yen (U*****,000) worth of aid to train Soviet technicians and business administrators, Kyodo news agency reported on Thursday. The budget is expected to be approved today, the agency said. Last week Tokyo offered Moscow US$lOO
        105 words
      • Article
        Japanese consumer prices jump
        72 7 CONSUMER PRICES in Japan jumped 4.2 per cent in November from a year earlier, the largest increase since December 1981, the Management and Coordination Agency said yesterday. The price index, with the 1985 base figure of 100, fell 0.4 per cent from the previous month to
        72 words
      • Article
        Nine-nation loan to help Peru
        71 7 CASH-STRAPPED Peru will get assistance from nine countries led by the United States to help it bridge an US$BOO million fiscal gap. Central Bank governor Jorge Chavez said on Thursday. Peru failed to reach agreement with the International Monetary Fund on a plan to help
        71 words
    • Article
      Lock icon Textile imports put pressure on US mills
      284 7 Reuter UNITED STATES textile makers said on Thursday that record imports of cloth and clothing and a sluggish domestic economy slowed the output of their mills in 1990, costing jobs and profits. The American Textile Manufacturers' Institute said textile shipments in 1990 fell
      Reuter  -  284 words
    • Article
      Lock icon Standoff puts Saudi budget in the red
      629 7 The Gulf Crisis Reuter SAUDI ARABIA lost more than it gained from the Gulf crisis in 1990 and staggering costs incurred over the last few months will widen its budget deficit, regional analysts say. They dismissed speculation that Saudi Arabia the world's biggest
      Reuter  -  629 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market ends year's trading on a quiet note
      4148 8  -  By Quak Hiang Whai THE Singapore stock market ended the year on a lacklustre note yesterday, with its day's loss of six points coming in the last half hour of trade. The Straits Times Industrials Index fell 6.06 points to end at
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4041 9 Main Board Jurortg Eng50* 215 +31 22.2% BAT 21c 280 +33 +13.4% OCBC 750 +20 *2.7% Spore Land 540 +15 2.9% H Leong Fin 220 +15 +7.3% SIA 1020 +10 H.0% DBS 960 +10 +1.1% SPH Foreign 950 +10 +1.1% OCBC Foreign 815 MO +1.2%
    4,041 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end above day's lows on bargain-hunting
      3960 10 Bernama SHARE PRICES on the Kuala Lumpur stock market drifted lower in dull and sluggish trading most of the day before finishing mixed after bargain-hunters picked up issues on a broad front to lift prices from earlier lows. The KLSE Composite Index ended
      Bernama  -  3,960 words
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      Page 10 Advertisements Column 1
      42 10 Imp WOMAN ou a wa^s RE fash!on What it means for you k THE RISE OF THE Should we care? PRINCESS Dl 30 and happy? WIN AN ANNE KLEIN II i^MDESIGNER n JT^^^oCCj^ I Times Eleven, Newsstands and from your News vendor
      42 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Lower closing in last session of 1990
      2223 11 Reuters TOKYO stocks ended a shortened last session of the year lower on bearish sentiment, after initial buying sent the Nikkei index briefly over the key support at 24,000 points. The selling came on expectations that 1991 is unlikely to see much recovery
      Reuters  -  2,223 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Shares finish easier in light, lackadaisical trade
      1999 11 Reuter, AP SHARE prices on the Hong Kong Stock Exchange closed lower in light trading yesterday. The stocks, at a near standstill most of the morning, weakened at midday in thin, uninspired trade, brokers said. The Hang Seng Index, the market's key indicator
      Reuter,; AP  -  1,999 words
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      Page 11 Advertisements Column 1
      33 11 Tokyo prices are provided by Telerate TECHNOLOGY in Business Times every Tuesday Hongkong prices are provided by Telerate A lively way with words IDIOMS Available at all good bookahopa Federal Publications f I
      33 words
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  • REGIONAL STOCK MARKETS
    • Aussie market fails to see year-end rally
      • Article
        SYDNEY
        930 12 HOPES for a year-end rally evaporated as fund managers deserted Australian shares ahead of the New Year holiday break and the All Ordinaries Index finished the last session for 1990 down 2.4 points at 1278.0. The index began the year 22.6 per cent higher at 1654.7 and hit a
        930 words
      • Article
        Untitled
        971 12 Seoul Won COO) Dec 26 Anam Electric Ind 159 2 Anam Ind 203 7 Ankuk Insu 283 4 Asia Cement 255 2 Asia Motors 178 2 Bank Of Che Ju 173 +1 Bank Of Pusan 152 unch Bank Of Seoul 120 unch Byuck San 174 4 Cheil Sugar 266 5
        971 words
      • Article
        INDICES & TURNOVER
        80 12 INDICES TURNOVER Close PtftiOBS Dec 28 SYDNEY All Ordinaries Index 1,278.0 1,280.4 -2.4 All Industrials Index 1.949.7 1,951.3 -1.6 All Resources Index 760.8 763.6 -2.8 Turnover (million) 67.69 56.64 11.05 BANGKOK SET Index 612.86 603.81 +9.05. Turnover (million) 1,470 1,570 -100 JAKARTA Composite Index 417.78 410.61 +7.17 MANILA Composite Index
        80 words
      • Article
        MANILA
        584 12 PHILIPPINE shares closed slightly lower yesterday in slow year-end trading as the market reacted to surging interest rates while it appraised the coming year with caution, brokers said. Manila's composite index ended 0.23 point lower at 651.42. The two bourses posted a combined 3.2 billion shares worth 237 million
        584 words
      • Article
        BANGKOK
        642 12 PRICES on the Stock Exchange of Thailand shot up in the final moments of trading as brokers attempted to close their 1990 books on a positive note, brokers said. The SET index rose 9.05 points to close at 612.86 after being down more than four points through the morning.
        642 words
      • Article
        NEW ZEALAND
        369 12 NEW ZEALAND shares ended the last trading day of 1990 slightly firmer, with surprisingly good buying interest given that most players were on holiday. "There was quite reasonable buying interest out there given that the period between Christmas and New Year tends to be quite pedestrian," said Murray
        369 words
      • Article
        JAKARTA
        585 12 ACTIVE trading brought the Jakarta stock index up 7.17 points to 417.78 yesterday. Turnover jumped to 5.15 million shares from Thursday's 1.02 million. Most active on the regular market were cigarette maker Sampoerna with 271,000 shares traded and tyre cord company Branta Mulia with 254,000. Sampoerna closed 100 rupiah
        585 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        327 12 In local mrrency In S$ In US» day year day year day year DEC 27 Index change change change change change change World 359.7 0.4 -22.6 0.7 -25.3 0.1 -19.0 $Eafe 471.2 0.3 -30.8 0.7 -31.1 0.1 -25.4 Europe 366.7 0.0 -18.6 0.6 -14.9 0.0
        327 words
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      Page 12 Advertisements Column 1
      27 12 Seoul, Taiwan and Bombay stock markets were closed yesterday v Closing prices for all markets except Taipei are provided by Telerate Innovation Technology in BT on Tuesday
      27 words
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  • WORLD STOCK MARKETS
    • War worries, bond rise push Dow down
      • Article, Illustration
        NEW YORK
        903 13 WALL STREET stocks finished lower in a languid post-holiday session that was slowed even further by opening delays at major exchanges. Trading at the New York Stock Exchange and the American Stock Exchange did not begin until 1100 EST/1600 GMT, an hour and a half past the normal
        903 words
      • Article
        AMSTERDAM
        241 13 MOST Dutch shares were marked narrowly mixed at yesterday's midsession, while blue chips traded easier because of a lower US dollar, dealers said. They added that turnover was minimal as most market players had taken a day off ahead of a four day New Year break when the Amsterdam
        241 words
      • Article, Illustration
        LONDON
        850 13 UK SHARES had recovered some of their early losses at yesterday's midsession but volume was extremely light as most traders were still absent for Christmas holidays. The market opened weaker as foreign declines and renewed concerns about the Gulf weighed on sentiment. "The only activity is in the defensive
        850 words
      • Article
        BRUSSELS
        170 13 METALS group Acec-UM was actively sought as Belgian shares started mixed with a slightly firmer bias yesterday. Dealers said trading remained light in most stocks and nothing had happened to change a fundamentally bearish outlook dominated by the threat of war in the Gulf and a slowing economy. But
        170 words
      • Article
        MILAN
        248 13 ITALIAN stocks ended little changed in quiet trading yesterday and very thin volume focused on a few blue chips such as chemicals firm Montedison, brokers said. "With volume so low, prices lose their significance," one broker said. The MIB share index finished unchanged at 754. The index edged up
        248 words
      • Article
        STOCKHOLM
        208 13 SHARES on the Stockholm bourse were slightly higher in light and erratic early trading on the final day of a gloomy market year. Dealers said trading showed an interest in buying to support prices for purposes of boosting year-end portfolio values. "On today's bourse it is mostly banks, making
        208 words
      • Article
        FRANKFURT
        195 13 GERMAN shares ended a volatile year on a weak note, sliding 0.9 per cent on exceptionally low turnover to their lowest closing level for seven weeks. The uncertainties surrounding the Gulf and the Soviet Union that weighed on prices on Friday will likely continue to cast ominous shadows over
        195 words
      • Article
        PARIS
        266 13 FRENCH share prices idled lower at yesterday's midsession with few transactions taking place in trade dominated by year-end position-squaring and yesterday's expiry of the CAC-40 December futures contract, dealers said. The CAC-40 index stood 20.89 points lower at 1,508.01 at 1125 GMT after opening 6.96 points down at 1,521.94.
        266 words
      • Article
        TORONTO
        230 13 TORONTO stocks closed narrowly mixed on Thursday in quiet holiday trading, as many participants extended the market shutdown of the past two days. "The market was just marking time, with no particular features," said Ivar Liepins, an analyst with Moss Lawson Co Ltd. "It's a holiday market." The composite
        230 words
      • Article
        Untitled
        301 13 Johannesburg Dec 27 Rand INDUSTRIALS A Alpha 2250 A E C 1 1300 unch Abercom 38 unch Amaprop 670B AMIC 7600 -200 Barlows 3735 +10 Basil Slrk BAZ Bly voor CG Smith 7950S Cnagalo 1850 unch Curfin 360 -20 Edgars 3900B Fed Volk First Intl 1275 f 10 Hi veld
        301 words
      • Article
        Lock icon ZURICH
        267 13 Reuter SWISS shares opened the last session'of the year slightly lower as modest overnight losses in New York and Toledo weighed on the market. Traders said volume was very thin ahead of the New Year holiday. The SMI index of leading shares eased 4.3 points to 1,379.7 points in
        Reuter  -  267 words
      • Article
        INDICES & TURNOVER
        86 13 INDICES TURNOVER Dec 27 Close Previous NEW YORK l)ow Jones 2.625.50 2,637.13 •11.63 NYSE Financial 121.98 123.23 -1.25 S& P 500 328.29 330.85 -2.56 Turnover (million) 103 78.7 24.3 Dee 21 (lose Previous LONDON Financial Times 30 1.687 8 1.688.4 8.9 FTSF 100 2,167.8 2.164 4 11.5 Turnover (million) 177.4
        86 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback opens lower against major currencies in Europe
      1230 14 REPORTS THE US DOLLAR yesterday opened lower against most major currencies in Europe after ending mostly lower both in New York and in Tokyo. Turnover was very thin with no dramatic movement expected, barring new developments in the Gulf or the Soviet
      1,230 words
    • Article
      Lock icon KL brokers see ringgit staging a rebound
      446 14 Bernama THE RINGGIT, currently under pressure because of safe-haven dollar buying and the repatriation of profits out of Malaysia by multinational corporations, has potential to stage a rebound towards the second half of next month, brokers said. They said the nnggit was likely
      Bernama  -  446 words
    • Article
      Lock icon Adviser favours convertible rouble
      157 14 Reuter PRESIDENT Mikhail Gorbachev's personal economic adviser said he favoured the creation of a convertible Soviet rouble to co-exist with the present non-convertible currency. Nikolai Petrakov told the newspaper Trud that extreme measures were required to revive the Soviet economy. "We must get down to the
      Reuter  -  157 words
    • Article
      FINANCIAL FUTURES
      1180 14 SIMEX EURODOLLAR 1 ft Open High Low Sett Est Vol Op/lnt Vol J S Mar 91 92.78 92.80 92.77 92.80 3200 ***** 6279 Jun 91 92.86 92.89 92.86 92.89 600 9082 1608 1 Sep 91 92.77 92.78 92.75 92.77 300 3360 388 Dec 91 92.46 92.47B 92.46 92.47
      1,180 words
    • Article
      INTERBANK FOREX RATES
      388 14 Cross rates pec 28 US$ S$ MS Dm Yen SFr AS NZS USS 1.7480 2.7235 1.5230 136.20 0.5291 1.2990 1.2979 1.7050 SS 0.5721 1.5581 0.8713 0.7792 0.3027 0.7431 0.7425 0.9754 MS 0.3672 64.18 0.5592 0.5001 0.1943 0.4770 0.4765 0.6260 Dm 0.6566 1.1477 1.7882 89.43 0.3474 0.8529 0.8522
      388 words
    • Article
      MONEY MARKET
      553 14 Interbank rates IS Bid Offer" Overnight 4 4 1/2 1-month 4 7/16 4 9/16 2-month 4 9/16 4 11/16 3-month 4 3/4 4 7/8 Overnight mode: 2-1/4 US$ Bid Offer days 7 7/8 8 "1 month 7 5/8 7 3/4 *2 months 7 5/8 7 3/4 •3 months
      553 words
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  • COMMODITIES
    • Article
      Lock icon Gulf war will not hamper global energy supplies
      608 15 NYT BUSH administration officials contend that if war erupts in the Persian Gulf, it will pose few disruptions to energy supplies, even though the region holds two-thirds of the world's oil. Government and industry planners minimise the risk of damage to oilfields
      NYT  -  608 words
    • Article
      Lock icon Californian citrus groves damaged
      158 15 Reuter FREEZING temperatures in California over the past several days have caused major damage to citrus groves, though overall figures on crop loss are not yet available, a US Agriculture Department analyst said. "It's still too early and from what I understand, it was cold today
      Reuter  -  158 words
    • Article
      Gold ends firmer in quiet Hongkong trading
      826 15 REPORTS HONGKONG: Gold closed firmer in quiet trade on light physical demand and speculative buying on what was otherwise a dull day, dealers said. "Traders mostly stayed on the sidelines because of a lack of interest," a local dealer said. Dealers said they
      826 words
  • Article
    PRICES
    1351 15 Rubber Dec 28 I HAS (tafc l»Ut) S cents/kg Noon Close Int 1 RSS Prompt 154.50/155.50N 154.25/155.25 Int I RSS Jan 91 153.75/154.75 153.50/154. SON Int 1 RSS Feb 154.75/155.25 154.50/155.00N hit 2 RSS OP 152.00/154.00N 150.50/152.50N lilt 3 RSS OP I47.00/149.00N 145.50/147. SON Int 4 RSS OP 142.50/144.50N
    1,351 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      7 15 Executive Jobs every Saturday in Business Times
      7 words
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      Page 15 Advertisements Column 2
      571 15 NOTICES In me Manet of The Companies Ad Cap 50 and In the Matter of FAIRBILT INTERNATIONAL PTE LTD (In Members Voluntary Liquidation i At an Extraorcftnary General Meet mg of the abovenamed Company duly convened and held at 1 Colombo Court #04-IS, Singapore 0617 on Friday, the 28th day
      571 words
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      Page 15 Advertisements Column 3
      286 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PACIFIC MICALEX MANUFACTURING PTE LTD. (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of PACIFIC MICALEX MANUFACTURING PTE LTD duly convened and held at Blk 1005 WOODLANDS INDUSTRIAL PARK D. #01-209 5(2573), on
      286 words
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  • Article
    Local firms invest nearly $1b abroad since Sep 1988
    599 16  -  SlA's deal with Delta Airlines was the largest By Claire Leow LOCAL FIRMS have invested nearly $1 billion in some 50 overseas projects since September 1988, new figures released by the Economic Development Board (EDB) show. The data was collected by
    599 words
  • Article
    Lock icon Thai Airways seeks SET listing
    129 16 AP THAI Airways International has written to the Securities Exchange of Thailand to apply for a listing, its chairman said. Air Chief Marshal Kaset Rochananil said the listing for Thai Airways, which is a state enterprise, would take some time. The government, he said, had
    AP  -  129 words
  • Article
    Two-tier foreign worker levy starts on Tuesday
    240 16 THE TWO-TIER foreign worker levy scheme for the construction industry, and stiffer penalties for illegal employment of foreign workers, will take effect from Tuesday Jan 1, the Ministry of Labour has reminded employers. Instead of a flat fee of $300 a month for
    240 words
  • Article, Illustration
    Asian markets ease ahead of long weekend
    199 16 SHARE PRICES on Asian exchanges ended lower in thin trade yesterday ahead of a long weekend for most of them. In Tokyo, Japanese stock prices ended the year moderately lower yesterday with the market indicator close to 40 per cent below the level
    199 words
  • Article
    Lock icon Commerce head wants emergency powers for Aquino
    313 16 Reuter PRESIDENT Corazon Aqui-' no should be granted emergency powers to tackle an impending crisis in the Philippines, a prominent business leader said yesterday. Aurelio Periquet, head of the Philippine Chamber of Commerce and Industry, made his comments after Economic Planning Secretary Cayetano
    Reuter  -  313 words
  • Article
    Lock icon Gorbachev appeals to Russia to avert a Soviet Union collapse
    483 16 Reuter PRESIDENT Mikhail Gorbachev said the Soviet Union would collapse unless the Kremlin and the giant Russian republic ironed out their differences on economic policy. He also appealed to Russia, the biggest Soviet republic, to sign a temporary agreement to
    Reuter  -  483 words
  • Article
    Lock icon Islamic banking unlikely to take over: Jaffar
    473 16 Reuter MALAYSIA is actively promoting interest-free Islamic banking and financial services but officials and analysts say it is unlikely to replace the country's West-ern-style financial system. "The decade of the 1990s would not be the decade for replacing the Malaysian financial system with
    Reuter  -  473 words
  • Article
    Lock icon Second link part of 20-year Patah plan
    156 16 Bernama THE proposed second link with Singapore is part of a 20-year re-development plan for Gelang Patah in Johor covering 17,860 hectares of land, Malaysian Information Minister Datuk Mohamed Rahmat said. The other projects are the proposed highway from Tanjung Kupang (the Johor
    Bernama  -  156 words
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  • Executive Lifestyle
    • Article, Illustration
      It's turkey time once more
      1171 17  -  Forget the dried-out Christmas bird. It's time for some live turkeys again, as special correspondent Gobble D Gook ruffles his feathers at the weird and wonky people and events of the year. Without further ado, let's rip open the envelopes and see who wins EL's
      1,171 words
    • STRAWS IN THE WIND
      • Article
        Slowcoach
        48 17 THEY say that life at beach resorts is meant to be leisurely. But one thing we're not sure about is if this applies to visitors or to the locals as well. Seen on a road sign on the way to Damai Beach Resort: "Slow Men At Work".
        48 words
      • Article
        Door alarm
        42 17 ITs all very well for the US Embassy to be a little preoccupied with maintaining security around the place. But some of their security doors have this sign attached to them: "Door is Alarmed". A question of worried entrances, perhaps?
        42 words
      • Article
        Arabian flight
        47 17 ONE colleague's mother sent out a Christmas card to relatives in Medan, Indonesia. Weeks later, the card came back, marked: "Return to sender". The postmark showed it had been sent to Medina, Saudi Arabia. Now they have bemused Saudis and angry relatives to worry about.
        47 words
      • Article
        Mana boleh?
        83 17 BT's editor Mano Sabnani has received more than his fair share of mail mis-spelling his name as "Mana" Sabnani, "Manor" Subnani, "Maestro" Sabriani and even "Meno" or "Mono" Sabnani. He also regularly receives mail addressed to "Mohd Noor" Sabnani. But what really took the cake was when someone
        83 words
    • OPINIONS
      • Article
        Marsh can be turned into downtown Hyde Park
        596 18  -  Hong Lee Tiam makes a case for having a nature reserve in Marina South Hong Lee Tiam The writer is a BT journalist EVOLVING out of a tract of reserve land, a stone's throw away from the financial district, is a freshwater
        596 words
      • Article, Illustration
        New Year resolutions – and revolutions
        1313 18  - New Year resolutions and revolutions Neville Stack has some advice for world leaders Neville Stack The writer is a consultant and political commentator in England AS the calendar year ends, the wise evaluate the balance sheet of successes and failures, to see what lessons can be learned. Then, as 1991
        1,313 words
      • Article, Illustration
        The ideological clash continues
        624 18  -  In spite of Fukuyama's 'endism', history is only beginning, says S N Vasuki S N Vasuki The writer is a BT journalist ITs that time of the year again when journalists, historians and political analysts are scrambling to provide readers with their pearls of wisdom on
        624 words
      • Article
        Second post box at Mt Elizabeth
        80 18  -  LETTER TO THE EDITOR Ms Teo Poh Wah Corporate Communications Officer Singapore Telecom WE REFER to the letter, "Post box at Mt Elizabeth is not large enough" (BT, Dec 22-23). We thank the writer for his feedback. We are aware of the situation and
        80 words
    • SPORTS
      • Article, Illustration
        Lock icon Year of controversy, confusion
        1019 19 Golfers were less in the limelight than the boys in the court, board and backrooms AP Forget Nick Faldo. Never mind Greg Norman. Lee Trevino? Beth Daniel? Bit players on the larger stage. They provided the oncourse heroics for pro golf in 1990: Trevino and Daniel
        AP  -  1,019 words
      • Article, Illustration
        Lock icon Australians Cash in on victory in mixed doubles
        394 19 AFP FORMER Wimbledon champion Pat Cash's firepower and experience brought Australia victory in their deciding mixed doubles match against Britain in the Hopman Cup in Perth on Thursday. Cash and Elizabeth Smylie teamed up in impressive style to defeat Britain's Jeremy Bates
        AFP  -  394 words
      • SIDE LINES
        • Article
          Rothmans set to break race record
          78 19 BRITISH MAXI yacht Rothmans was yesterday on target to break the race record for the 630-nautical mile (1,1010-km) Nor Tel Sydney to Hobart ocean classic, officials said. Rothmans, skippered by Lawrie Smith, flourished in strong 25-35 knot winds overnight and yesterday morning held a
          78 words
        • Article
          A spent force
          71 19 GERMAN SWIMMERS take their first world championship plunge as a united team in the New Year but will not pack the all-round power of the days when the country was divided. November's first all-German championships left east German women's swimmers looking a largely spent force, with once
          71 words
        • Article
          Milla receives princely honours
          84 19 NEARLY SIX MONTHS after the World Cup, Roger Milla is still receiving honours worthy of a prince. As a matter of fact, he is becoming a prince. Milla, 38, who led tiny Cameroon to the World Cup quarter-finals, headed on Thursday to the province of Rumba
          84 words
        • Article
          Trainer Hills returns to old base
          65 19 TRAINER BARRY HILLS is leaving the racehorse stables at Manton in southern England after four years and returning in the New Year to his old base at nearby Lambourn. The decision was made after he was unable to put together a consortium to raise
          65 words
        • Article
          Nannini set for comeback
          89 19 F-l ACE Alessandro Nannini, whose right forearm was severed and sewed back on after a helicopter crash, has expressed confidence he can make a comeback in auto racing, his wife said on Thursday. Paola Nannini, wife of the 31-year-old driver, reported that Alessandro made several turns
          89 words
        • Article
          Adidas sells rights to Japanese
          83 19 GERMAN SPORTSWEAR giant Adidas on Thursday announced that it sold all rights to its brand names Le Coq Sportif and Arena in Japan and South-east Asia to the Japanese Descente Ltd Group as of December 23. Le Coq Sportif and Arena are brands of the
          83 words
      • Article, Illustration
        Lock icon Lou Duva's journey to centrestage
        795 19 NYT THE morning after Evander Holyfield won the heavyweight title from Buster Douglas in October, Lou Duva took a celebratory ride. With his right arm raised, as if he were the emperor of boxing, Duva stood on a luggage cart and grinned as two bellhops
        NYT  -  795 words
    • EPICURE
      • Article, Illustration
        Lock icon Promises, promises
        633 20  -  Quek Swee Peng on the temptation of making New Year resolutions that she is afraid her weak-willed appetite will not and cannot accept Ouek Swee Peng WHAT is it about the beginning of a new year that prompts promises of resolutions? Honestly, it appears a real farce for
        Punch  -  633 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Fill up your plate with luck for the New Year
        1168 21  -  From India to Ireland, every society has its way of invoking good luck for the New Year. But all involves food. Dena Kleiman looks at some good luck dishes Dena Kleiman NYT SO another year is almost over and a
        NYT  -  1,168 words
      • Article, Illustration
        The most memorable wines in 1990
        739 21  -  WINE By N K Yong LOOKING BACK over the year and trying to pick out a Baker's dozen of the most memorable wines is like being one of the judges at a Miss Universe contest. A surfeit of riches. The most memorable impression I
        739 words
      • Article, Illustration
        S'pore team wins Indon tournament
        368 21  -  BRIDGE By Sybil Holloway CONGRATULATIONS to the Singapore Open Team which won the Krama Yudha Berlian Motors Trophy at a bridge tournament held in Jakarta, Indonesia. Singapore was represented, along with a total of 86 Indonesian teams, at the tournament on Dec 15-16 to celebrate
        368 words
    • YEARENDER
      • Article, Illustration
        Screen gems and cinematic duds
        775 22  -  Not content, Samuel Ee decrees that the year's movies warrant their own category of Turkey Awards Samuel Ee The Answer-to-Your-Mid-Life-Crisis Award Shirley Valentine. Pauline Collins is the British housewife who teaches all and sundry how to cope with the daily grind and a working-class husband.
        775 words
      • Article, Illustration
        Lock icon Pop goes the music world in 1990
        704 22  -  Surprising developments and disappointments marked the music scene, as Chris Morris reports Chris Morris NYT THE beginning of the year was hardly prophetic: 12 months ago, Milli Vanilli was at the top of the charts, and pundits were predicting that the lambada would
        NYT  -  704 words
      • Article, Illustration
        A coming of age for local theatre and audiences
        806 22  -  Claire Leow looks back on a year which saw the arts enjoying a higher profile and support for local theatre grow Claire Leow IT WAS a year of triumph for Singapore theatre, where milestones were crossed without many people realising their
        806 words
    • FASHION
      • Article, Illustration
        Lock icon Plight of the over-dressed
        329 23  -  LIKE eating too much garlic bread, going on shopping binges can do more than just leave a bad taste in your mouth. Apart from acute finger cramps from signing too many credit card receipts, excessive shopping during the festive season has been found to be hazardous
        Styling and photography: Lim Sin Thai  -  329 words
    • JOBS
      • Article, Illustration
        Lock icon Tips for marrying successful careers and happiness
        1070 24  -  Helen Chang reports on a crop of new, and not-so-new, books for working women, aimed at making winning at work and at home a knockout game. The accompanying article looks at the growing number of Australian women entering the job market. Helen Chang
        Punch  -  1,070 words
      • Article, Illustration
        Lock icon Mortgage rates push women into work force
        464 24 Australian women are now saying that their place is certainly not in the home, but the office, retail store, hospital and the factory floor. This trend was observed by the Australian Bureau of Statistics, which found in its survey of labour force experience
        Punch  -  464 words
      • Article, Illustration
        EXECUTIVE MOVES
        232 24 David G John, chairman and chief executive of Inchcape Berhad. will have added responsibility for Inchcape's interests in the Middle East. He takes over from Alistair Macaskill as chairman of Gray Mackenzie upon Mr Macaskill's retirement at the end of the year. Philip Cushing will assume the position
        232 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1049 25 City Flight ETA Flight ETD 1 City Flight ETA Flight ETD Adelaide SQ228 1< QF81 2< 510 QF82 310 2115 Kuantan KucHftng MH64 MH64C MH64E > 225 VIH640 0" 1 Amsterdam f >Q23 IL837 1345 KL838 1505 SQ24 2115 2200 645 ?310 UH646 1 MH644 1
      1,049 words
    • THE TRAVEL PAGE
      • Article, Illustration
        So much packed into a land so small
        375 25 LETTER FROM BERMUDA Bermuda's landscape is enormously varied. The popular image is, of course, of the island's pastel beaches and turquoise water. But there is more: from sophisticated towns to subterranean caverns. This scenic variety makes Bermuda interesting. What makes Bermuda fascinating
        375 words
      • Article
        MONEY CHANGER RATES
        156 25 As at 3pm yesterday: IxKal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3300 1.3600 Canadian dollar 1.4820 I 5120 NZ dollar 1.0100 1.0500 Sterling pound 3.2700 3.3000 US dollar ***** 1.7510 j Local dollars to 100 units of foreign cum; no Austrian
        156 words
      • Article
        WORLD TRADE EXHIBITIONS
        100 25 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Jan 19-27 International Germany Stuttgarter (46)711/2589-0 Construction Jaarbeurs r Exhibition For Messe Und Exhibition Feria Muestrario ********** 1 Caravamng. Kongress Feb 7-12 International Valencia, Motoring. Tourism Toy Fair Spain International De Valencia Jan 21-24 Middle Fast Manama.
        100 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article, Illustration
        Sterling at the bottom of the class
        695 26  -  Are UK interest rates coming down soon? The market certainly thinks so. It has been talking down the pound. And things are likely to get worse before they get better, says Alan Budd Alan Budd Professor Alan Budd is economic adviser to Barclays
        695 words
      • Article, Illustration
        Lock icon Gulf crisis dealt Thai stock market a bitter blow
        794 26  -  Asia's raging bull came to a screeching halt when the Gulf crisis erupted. But even if the crisis is resolved, it's an uphiU struggle for the Thai stock market, reports Vithoon Amorn Vithoon Amorn Reuter THAI BROKERS are depressed and sounding
        Reuter  -  794 words
      • DON'T QUOTE ME!
        • Article
          Ninja turtles to Playmates' rescue
          189 27 HONGKONG publication Sunday Money has proclaimed 1990 as the year of the Ninja Turtles. Toy maker Playmates International Holdings, which churned out the whole range of Ninja Turtles and assorted paraphenalia, was the best performer among Hongkong stocks. Its share price rose by a "cowabunga"
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        • Article
          Scaled-down financial advice
          113 27 LIKE their counterparts in the US, banks in Canada are also tightening their belts. Royal Bank of Canada informed its readers earlier this week that it will be sending out a "scaledback" issue of its Weekly Financial Outlook next week. This is "in keeping with these times
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      • Article, Illustration
        Lock icon Positive developments may be catalyst for a New Year rally
        500 27  -  CHART By Najeeb Jarhom The writer is research manager at Fraser Roach Co Ltd Although the few rallies since the Gulf crisis erupted on Aug 2 have always fizzled out, the 45-point rebound to 1,198 on the Straits Times Industrials
        Source: Fraser Roach  -  500 words
      • Article
        Lock icon Fund managers fleeing into bonds
        1037 27 The Gulf crisis has forced investment managers to slash their equity portfolios. And they have increased their bond holdings from 18 per cent to 29 per cent. Economist FIVE of the nine investment managers polled regularly by The Economist have boosted their recommended holdings of
        Economist  -  1,037 words
      • Article
        Lock icon Cash in on the January effect
        822 27 Why do stock prices always (well, almost) rise in January? FT SHOULD you be tucking equities into Christmas stockings? December has traditionally been one of the best times to buy shares, because of the so-called "January effect". According to Datastream. the FT All-Share rose
        FT  -  822 words
      • Article
        Lock icon Banks, bullets, budgets and bears
        288 27 Reuter THE big question on US equity investors' minds as 1991 approaches is whether the bear prowling Wall Street has come for a sojourn or a long stay. Most US stock market indices reached historic highs in mid-July before beginning a nosedive that sent shares
        Reuter  -  288 words
    • TIME OFF
      • Article
        THEATRE
        238 28 The Importance Of Being Earnest Oscar Wilde's satire pokes fun at London's high society. The play tells of two young men impersonating the same non-existent character. Earnest, resulting in a comedy of errors. Victoria Theatre, Jan 7 and 8: 8pm. Shell Friday Lunchtime Cultural Programme Piano recital by Voya
        238 words
      • Article, Illustration
        EXIBITIONS
        299 28  -  Compiled by K Jayanti Vivid Gary Sng, a professional photographer trained at San Francisco's Academy of Arts, holds his first solo exhibition in Singapore. The exhibits are a series of images inspired by dreams. Colourful and bright, they have sense of exaggeration which heightens the vividness of the dreamscape.
        299 words
    • Article, Illustration
      CINEMA
      592 28 Air America. They thought this movie would sell with Mel Gibson and Robert Downey Jr's names in the credits, but apparently some people do prefer movies with plots, which is why this flick about a pilot and his young protege crashlanded with the critics. Orchard: 11; 1.30; 4; 6.45;
      592 words
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      124 17 a a Since 1735 there has never been a quartz BLANCPAIN WATCH. AND THERE NEVER WILL BE. Mode) shown 6595 1418 58 Jd s Blanc paiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by hand by the individual watchmaker. In all, only
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      263 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Some like it hot. Wb Spicv S/echuan dishes sened at lunch .ind dinner ciailv in the tool. inviting atmosphere of S/e» huan Court. Reservation, :WO 8310 or 338 8385 ext *****'ti. •»M| m THI
      263 words
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      368 20 -■—■a—— i a charm Create traditions Indulge in Knglish tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist. Experience Hvatt Kegencv Singapore's new Scotts Lounge. U V V Hyatt Regencv Singapore 10-12 Scotts Rtud 0922 Td 733 HHB NEW YEAR'S EVE Cafe Boulevard: Special Candlelight
      368 words
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      295 20 Have Poolside "BBQ Buffet" Under the Stan! I ML Now; besides our weekend steamboat buffet is the new "all-you-can-eat" Barbeque J* Buffet. j BBQ Buffet* Adult: SJs++ Child: $9++ Steamboat Buffet* T' OQvXaL f Adult: $1250++ Child SS-H- I So head for Sky Garden Poolside where you get more oX
      295 words
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      Page 20 Advertisements Column 4
      280 20 DAILY AT You'll enjoy our delicious selection of authentic Beijing Dian Xin served amidst the splendour of an Imperial Court. May we expect you today? W From noon to 2.30 pm ikb/v I Ala carte menu available. DUulj r Hj t'S/gfyxf 333 Orchard Road. Singapore 0923 Tel *****11 jj^^SiPyvj HfeJjSSHI
      280 words
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      274 21 AND ENTERTAIN J. Brunch Is A Family Affair Every Sunday. sfeubfrim <?>nll SUNDAY BRUNCH: IIA.MTO2.JOPM. MB TH ADULTS uSE H V S3IGC CHILDRKN 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. ii ANA
      274 words
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      Page 21 Advertisements Column 2
      95 21 With Snake Soups, Crispy Padi Birds, Airfloum "Liiv" Giant Scallops, Geoduck Clams, Braised Eels, Steamed "Live" Frogs and many more. Only at CHINA CHINA RESTAURANT From now till end January 1991 mi& CHINA CHINA RESTAURANT MARINA BAY GOLF COUNTRY CLUB 6 MARINA GREEN SINGAPORE 0101. FOR RESERVATIONS PLEASE CALL *****11.
      95 words
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      219 24 BUSINESS T I _M__E_g TELEPHONE: 730-5937/5902/5942 FAX: 734-4982 E Premier Japanese Hank seeks an experienced 3 business development officer to market S E IB private banking; E \r I rfl HD| products to high net 5 E worth in this region. E Applicant must be j= rC credit trained ivith
      219 words
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      Page 24 Advertisements Column 2
      148 24 DHL IN THE NEWS Advertisement DHL SPANS THE WORLD DHL was started in pany with a global network network, DHL is helping the United States in 1969 of over 1,344 offices sen/- companies to improve their by three men Dalsey, ing 55,000 communities in productivity and distribuHillblom and Lind who
      148 words
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      48 25 <• W-..' .V -$3%.-.'*' ...-.v: s At The New Paper, entertainment reports are a matter of course. We're there at first nights, last nights, big concerts, small concerts. To bring you the best in entertainment. Hl. v£':'."' iß|nNn The latest news and much more. From lunch-time. Monday to Saturday.
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  • Page 25 Miscellaneous
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      218 25 7 To understand, 1 score with the fingers(9) ing work on transrnuta1 Old car can produce black hHT fßf jHi lH rage(6) PI Hn-H 12 Imitates Lord Greystoke's I I —|m 15 Mine, carrying £25, was 1 kept in the stalls(3-4) I 1 I I I I MBI i__|__i_i_17 Hectic
      218 words
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      216 25 Singapore Forecast: Maximum temperature 31.5* C Assoc humidity 60% Minimum temperature 24.0* C Assoc humidity 94% Hours of sunshine 11 25 Rainfall in mm Nil Rainfall this month 201.1 Rainy days this month 15 World report Asia-Pacific Hi/Lo* Cond. Auckland 24/16 Fair I Bangkok. 33/23 Fair Beijing.. 04/-3 Sunny Brunei
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      37 25 jjaraaraKi (PUND IF I use 0io?v me&esTftß, suning rofvy IF I DON* fvy BiSOJiT) \VO°g SPoOH ?J Ci£R< HftS His UftHGCHS -OH IN vour s —(go (reex FRee J v 7 ©Evening Standard Co Ltd 194? u
      37 words
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      511 26 HY TsiATS W<7M M ||gpf HOME ONE OR MORE OF £jfi *|r|gj MORE FREE GIFTS ITEMS 351 12 mths 6 mthi philips gift items* j HVff Better More Prizes In Our Grand Lucky Draw w^WK v *%Tk*. SJI.OOO ss:.a») P»trt I «hi Vdr.. I»|» U S h, K lAc home
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      1526 28 TODAY'S TV <aM|H SB Aids Mow, Mere Question Than Ajkmh (DocumenHHBMSAamHHH HVfciMJkUiiiLßH Uii Maa Hktupku, 3.10pm, Return Desert B ig hornt "!l5 am* How! Mf Qaostton SBC 5 4.25pm, SBC 5 M JS^^ ££i IUWhen engineer decides When once the d '90 ditch his Desert Bighorn sheep roamed l.li Zahar
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      Page 28 Miscellaneous Column 2
      608 28 Modern Problems, Mon, point) and she, the coffin and 9 30pm, SBC 5 the drunken sailor are Chevy Chase is an air-traffic on a desert island, controller who also happens Jack Thompson also appe to have telekinetic powers. Fefris Budters Day off, Wed, But instead of putting it to Q,n
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