The Business Times, 29 June 1991

Microfilm: NL17508
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MCI (P) 16/12/90 Weekend Edition. June 29-30 1991 75 c
    12 words
  • NEWS & MARKETS SUMMARY
    • Article
      US leading indicators up for 4th straight month
      68 1 WASHINGTON The government's main forecasting gauge for the future of the US economy rose in May for a fourth straight month. The Commerce Department said yesterday that the gains were spread across a broad range of economic activity. The Index of Leading
      68 words
    • Article
      Thatcher to give up Parliament seat
      53 1 LONDON Former prime minister Margaret Thatcher announced yesterday she would give up her seat in Parliament, saying her exit would help successor John Major, and give her more freedom to express her views. "I have no desire or expectation to go back into Number
      53 words
    • Article
      Dow lower
      31 1 US STOCKS pulled back yesterday morning after Thursday's moderate rally ran out of steam. The Dow Jones average dropped 17.00 points to 2,917.93 in the first hour of trading.
      31 words
    • Article
      Footsie lower
      37 1 BRITISH stocks were broadly lower at midday yesterday, under pressure from weakness on key continental markets. At about noon (1100 GMT), the FTSE 100-Share Index was down 25.5 points, or 1 per cent, at 2,427.0.
      37 words
    • Article
      San Teh's debut
      37 1 SAN TEH, the only stock to be listed on Sesdaq among the current share issue offers, is launching 25.2 million shares with a par value of 20 cents at 61 cents apiece Page 3
      37 words
    • Article
      Unshaken
      23 1 BACKED BY improved results and unfazed by a US$l.2 million lawsuit, Jurong Cement has decided to treble its dividend payment Page 3
      23 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday (hange BT-MCiA 717.14 -1.47 Kuala Lumpur ...618.69 -4.00 Tokyo 23.2W.96 -252.07 Hongkong 3,668.64 +38.85 Sydney 1.506.2. +5.4 Thursday (hange New York 2.934.93 +2192 London 2.452.52 +15.2
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    • Article
      CURRENCIES
      22 1 Exchange rates ISS SS 1.7675 100 Yen SS 1.2780 MS SS 0.6349 Money market rates Overnight 5-5/8% +3/8 3-month 6-1/8% 1/8
      22 words
    • Article
      COMMODITIES
      40 1 London Gold \V1 fix US$365.30 -US$0.70 Rubber S'pore July 145 50*/kg unch M'sia July 231 50*/kg -0.5 KL Tin Turnover #>2 tonnes -r4i Spot VIS 15.54 /kg +0.09 Crude palm oil Turnover 1.79*) lots -56 July M$794 /tonne -4
      40 words
  • Article, Illustration
    S'pore-Indon water pact valid more than 50 years
    593 1  -  Accord provides for up to lb gallons a day From Yang Razali Kassim in JAKARTA INDONESIA is to sell water to Singapore under a long-term water agreement that will last well into the 21 st Century. Under a landmark umbrella accord signed
    593 words
  • Article
    No insider trading in UIC shares: Dr Hu
    429 1  -  Yesterday in Parliament By Elaine Koh BASED ON the facts and legal advice, both the Stock Exchange of Singapore and the Monetary Authority of Singapore agreed that there was no insider trading case against Messrs Oei Hong Leong and Lee Kim Yew
    429 words
  • Article
    AT&T to move part of its local operations to Mexico
    323 1  -  By Dexter Lee AMERICAN telecommunication giant AT T is joining a growing number of electronics and garment manufacturers shifting their factories from Asia to Mexico. New Jersey-based international media relations manager Mike Miller told Bl last night that the multinational
    323 words
  • Article
    Lock icon Warplanes blast Slovenia's airports
    176 1 Reuter LJUBLJANA, Yugoslavia European Community leaders agreed yesterdav Co freeze all bilaterai and EC aid to Yugoslavia after warplanes blasted Slovenia's two main airports and troops battled to seize its last frontier posts in a stepped up attempt to crush the republic's secession bid. After sweeping
    Reuter  -  176 words
  • Article
    Civil servants to get 3 months' bonus this year
    318 1  -  By Lilian Ang THE GOVERNMENT will pay civil servants three months' bonus this year, a move that will set the tone for the private sector. The higher bonus, which is in line with the National Wages Council's recommendations, will however hinge
    318 words
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  • FOCUS
    • Article, Illustration
      A new era in bilateral ties
      1276 2  -  The Indonesia-Singapore water paet U has been projeeted that Singapore's demand for water in the next entury will exeeed what Johor can produce for itself and for sale to the Republic. Thus its move to look to Indonesia as an additional source of water
      1,276 words
    • Article, Illustration
      Stepping stones to a steady water supply
      974 2 The pacts with Malaysia. 1927: Water agreement between Sultan Ibrahim of Johor and the Singapore City Council. An agreement signed between the Sultan of Johor and the Singapore ity Council allows Singapore to draw water from Sungai Pulai free of charge. Singapore, however,
      974 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      San Teh to offer 25.2m shares
      607 3  -  It is the only stock to be listed on Sesdaq among current offers By Claire Leow S\N TEH, the only stock to be listed on Sesdaq among the current share issue offers, is launching 25.2 million shares with a par value of 20 cents
      607 words
    • Article
      Jurong Cement triples dividend on higher profits
      253 3  -  By Lee Han Shih BACKED BY improved results and unfazed by a US$l.2 million (SS2.I million) lawsuit. Jurong Cement has decided to triple its dividend payment. Announcing its results for the year ended March 31, 1991, Jurong Cement yesterday said its directors are
      253 words
    • Article
      Poor results from Polytek Wearnes
      178 3 Polytek Wearnes has turned in a poor set of results with aftertax profit at $816,000 for the financial year ended March 31, 1991 only a fraction of the $5.80 million posted the year before. Despite its lacklustre performance, the group declared a dividend of 1.5
      178 words
    • Article
      STI, BT-MGA and BT Composite indices to be revamped
      857 3  -  Major changes on corporate scene make update necessary By Amy Balan THE widely-followed Straits Times Industrials Index will be revamped on Monday. Changes will also be made to the BT-MGA and the BT Composite indices. These changes are necessary given the
      857 words
    • Article
      Kim Eng's results match interim report
      356 3  -  By Diana Oon FULL YEAR results of listed stockbroker Kim Eng Holdings did not hold any surprises. The firm's audited results for the year-ended March 31, 1991 was almost a reflection of its interim results released in December last year. Group after-tax profit for
      356 words
    • COMPANY BRIEFS
      • Article
        Straits Steamship Land obtains $200m financing
        72 3 STRAITS Steamship Land yesterday obtained financing of about SS2OO million at 1.25 per cent for the next five years. The attractive rates are possible because of detachable warrants on its issue, which comprises Ss9o million and US$6O million (SS 105.7 million) of unsecured bonds.
        72 words
      • Article
        Haw Par reduces stake in Sony
        80 3 HAW Par Brothers International has formally reduced its stake in Sony Singapore from 49 per cent to 20 per cent, selling the balance to Sony Corporation for $17.54 million. The sale, arrived at on a willing-buyer-willing-seller basis, has resulted in an extraordinary gain of
        80 words
      • Article
        Foreign interest in OUB warrants
        50 3 OVERSEAS Union Bank announced yesterday that 12.28 million or 40 per cent of the bank's warrants are now held under foreign interest. The bank will therefore cease to register any transfer of warrants which would result in foreign ownership exceeding the 40 per cent limit.
        50 words
    • Article
      SES approves Metro's 1-for-3 bonus issue
      185 3 CONTRARY to market expectations, the Stock Exchange of Singapore has given its in-principle approval to Metro Holdings' one-for-three bonus issue. The issue is still subject to approval by shareholders at an Extraordinary General Meeting on July 26. Several market analysts had been sceptical of
      185 words
    • Article
      DBS Asset still ahead while some are hit hard
      158 3 DBS CHARITY ALMOST three months into the DBS Charity Investment Race and DBS Asset Management continues to lead the pack with accumulated profits of $101,443 as of Tuesday. Merchant bank Wardley Ltd edged up one notch to second place with accumulated
      158 words
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  • REGIONAL / INTERNATIONAL COMPANY NEWS
    • Article
      HK's Allied Group to invest another US$100m in China
      499 4 HONGKONG THE Allied Group controlled b> Ma-laysian-born businessman. Lee Ming Tee, plans to invest some USSKX) million (S$ 176 million) in China in the next few years, having consolidated its position as a major feedmill producer in the mainland. Mr Lee
      499 words
    • Article
      Lock icon Air NZ posts NZ$19m loss, makes rights issue
      342 4 Agencies AUCKLAND Air New Zealand yesterday reported a loss of NZ$l9 million (SS 19.38 million) for the year ended March 31 and announced a one-for-two rights issue at NZSI per share. The international carrier's loss compares with a NZ$lOO million profit the
      Agencies  -  342 words
    • Article
      HK's Burwill sees second drop in profit
      368 4  -  By Lee Han Shih SINGAPORE Hongkong metal trader Burwill Holdings. of which Singapore trader Intraco owns a 21.23 per cent stake, has suffered its second consecutive drop in profit. For the year ended March 31, 1991. attributable profit fell 28 per cent to
      368 words
    • Article, Illustration
      Lock icon Lonrho gets nod to sue Fayeds over Harrods takeover
      251 4 Reuter LONDON British conglomerate Lonrho pic can go ahead with a court battle against the Egyptian Fayed brothers over their 1985 takeover of the landmark London department store Harrods, the House of Lords ruled on Thursday. The Lords, Britain's highest legal
      Reuter  -  251 words
    • Article
      Lock icon Higher crude oil prices boost BHP profits
      234 4 Reuter MEL BOURNE The Broken Hill Proprietary Co Ltd said higher average crude oil prices and raw material prices favourably influenced 1990/91 profits. The company earlier reported a 29.1 per cent rise in net profit to AS 1.42 billion (SSI.9 million) in the
      Reuter  -  234 words
    • COMPANY BRIEFS
      • Article
        Thai Farmers announces rights issue
        116 4 BANGKOK The Thai Farmers Bank Ltd said it has made a one-for-five. 10-million-share rights issue at 100 baht (556.83) par for shareholders registered by Aug 9. The bank also announced another 10 million, new 100 baht par public share offer, of which 7.5 million shares
        116 words
      • Article
        US airline files for Chapter 11
        77 4 PHOENIX. Arizona America West Airlines has filed for reorganisation under Chapter 11 of the US bankruptcy code, according to papers filed in bankruptcy court here. The carrier had been attempting to work out its financing problems to overcome a cash crunch with its leasing
        77 words
      • Article
        Westinghouse wants Czech pact
        79 4 PRAGUE Westinghouse Electric Corp of the US is seeking a"global'' arrangement with Czechoslovakia s largest industrial group Skoda Plzen A S to extend its business, a senior Westinghouse official said. John B Yasinskv, president of Westinghouse Power Systems, said Westinghouse has been selected as one of
        79 words
      • Article
        A-V distributor seeks listing
        75 4 HONGKONG Hongkong-based audio and visual equipment distributor Wo Kee Hong (Holdings) Ltd is seeking a listing on the Hongkong Stock Exchange through an issue of 200 million shares at HKSI.37 (550.31) each. The offer consists ot 122 million new shares and 78 million existing shares at
        75 words
      • Article
        France's Goupil may wind up
        71 4 France's sole microcomputer firm. SMT-Goupil, said its business will have to be wound up if no rescuer emerges for the company soon. The firm has been in negotiations with Italy's Ing C Olivetti C SpA. which a company spokeswoman said last week could lead to
        71 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      766 4 r "N POLYTEK WEARNES HOLDINGS LTD. (Incorporated in Singapore) Audited Results for the Year ended 31 March 1991 The Board of Directors announces the audited results for the year ended 31 March 1991 Group Company 1991 1990 1991 1990 SS'OOO Ss'ooo Ss'ooo Ssooo 1) a) Turnover (Note A) 72,421 85,254
      766 words
    • Advertisement
      Page 4 Advertisements Column 2
      171 4 lh Breakthrough in Wavelcss Waterbeds. gf'ifi mm> j< |ll ['il, 1 The truth about most conventional bods is, they don't give you the proper spinal H support your body requires for a restful and i |jj j j-.f \»nsjir relaxing sleep. But with an Aquapaedic i I jdF waterbed it's
      171 words
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  • FINANCIAL NEWS
    • Article, Illustration
      Lock icon TSB reports pre-tax loss of £150m for first half
      607 5 Poor results blamed on bad debts by banking arm Hill Samuel Bank IHT LONDON In an announcement that underlined the intense financial difficulties facing British banks, TSB Group pic reported on Thursday that it had a pretax loss of £150 million
      IHT  -  607 words
    • Article, Illustration
      Dealers search for direction as US$ climbs strongly, only to drop
      590 5 DBS Bank weekly currency review US$/DM: triangle pattern The US dollar rallied strongly on Monday, reaching a high of 1.8190 marks, only to shed all the day's gains, and more, to close near the week's low, at 1.7815. Trading
      590 words
    • Article
      Lock icon US banks' outlook for next year worsens
      389 5 Reuter WASHINGTON The outlook tor the US hanking industry through 1992 has worsened, with some larger Fast Coast banks expected to fail next year, said Federal Deposit Insurance Corp Chairman William Seidman. None of the banks on the government's red-alert list are the
      Reuter  -  389 words
    • Article
      Lock icon Japan bank savings' first post-war fall
      220 5 NYT TOKYO The amount of deposits held by Japanese banks recorded the first year-to-year decline since World War 11, according to figures released on Thursday by the Federation of Bankers Associations of Japan. The total balance of deposits at Japan's 154 banking institutions stood
      NYT  -  220 words
    • Article
      Security Pacific to automate all Asian branches
      170 5 SECURITY Pacific Asian Bank (SPAB) has signed an agreement with banking and financial software provider Kindle which will see the bank automate all its locations in Asia using Kindle's systems. SPAB will use a combination of Kindle's Bankmaster and Branchpower software to form
      170 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      105 5 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available u.s.s BAHAMAS 900 8.V.1 950 COOK ISLANDS 1600 DHLAWARH 295 GIBRALTAR 500 •HONGKONG 225 IRELAND 400 ISLE OF MAN 450 JERSEY 900 LIBERIA 1050 MADEIRA 3750 PANAMA 800 U.K. LTD 240 WESTERN SAMO A 750
      105 words
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      Page 5 Advertisements Column 2
      813 5 BHFBANK BERLINER HANDELS- UND FRANKFURTER BANK Haod Office 6000 Frankfurt T, Bockenheimer Landstrasse 10 Telex: *****6 Telephone: 069/718-0 Singapore Branch 150 Beoch Road #03-00 Gateway West Singapore 0718 Telephone: 291 2177 Telex: RS ***** BHF SI Fax: *****55 SWIFT Code BHFBSGSG CONSOLIDATED STATEMENT Of INCOME CONSOLIDATED BALANCE SHEET Year ended
      813 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Rival Cambodian factions to meet in China
        110 6 BANGKOK Rival Cambodian leaders have agreed to meet in Beijing next month to try to iron out differences over a United Nations peace plan, diplomatic and guerilla sources said yesterday. It would be the first time the rival factions have met in China,
        110 words
      • Article
        Aquino vetoes provision
        73 6 MANILA President Corazon Aquino has vetoed a provision in the 1991 Philippine budget restricting foreign debt repayments to 20 per cent of annual export earnings. Officials said yesterday that Mrs Aquino approved the 286 billion peso budget for calendar 1991 but vetoed the clause seeking to limit
        73 words
      • Article
        Small gold miners protected
        85 6 MANILA President Corazon Aquino has signed into law a bill seeking to provide protection to individual gold miners in the Philippines. The presidential palace said yesterday that the law is expected to directly benefit about two million people engaged in small-scale gold mining activities in 19
        85 words
      • Article
        Jakarta cancels projects
        79 6 JAKARTA The government has cancelled permission for at least 104 foreign investment plans worth US$l.4 billion in the last six years as they were not implemented within the required time. Sanyoto Sastrowardoyo, chairman of the Coordinating Investment Board, said yesterday that insufficient infrastructure and difficulties in land
        79 words
      • Article
        KL to beef up defence
        77 6 KUALA LUMPUR The Malaysian government has proposed an allocation of about Ms 6 billion as defence expenditure for the Sixth Malaysia Plan period, much of it to modernise the armed forces. Defence Minister Datuk Seri Mohamed Najib Tun Razak said yesterday that this allocation was
        77 words
      • Article
        Hanoi's reaffirmation
        72 6 HANOI Foreign Minister Ngueyn Co Thach on Thursday reiterated Vietnam's rejection of forced repatriation of boat people but said Hanoi was ready for talks with Britain on special holding centres for Vietnamese now held in Hongkong. The veteran diplomat said he had written to British Foreign Secretary Douglas
        72 words
    • Article, Illustration
      Lock icon Strong demand likely for M'sian industrial property
      494 6 Influx of industrialists from region Bernama KUALA LUMPUR Demand for industrial properties in Malaysia will gain greater momentum over the next one or two years with the expected influx of industrialists from Hongkong, Singapore and Northern Asia, an international property investment and valuation
      Bernama  -  494 words
    • Article
      Lock icon US raises import quotas for Thai textiles
      276 6 AFP BANGKOK Thailand will be able to export 30 per cent more fabrics and ready-to-wear garments to the United States under a new bilateral textile agreement, a commerce ministry official here said on Thursday. Negotiators sealed the three-year pact which is retroactive to
      AFP  -  276 words
    • Article
      Lock icon Positive outlook for NZ business: bank
      247 6 Reuter WELLINGTON Muchimproved business confidence and a continued fall in inflation expectations in June provided one of the most positive business outlook surveys recorded, the National Bank said yesterday. "There is now a widespread perception that both the domestic and international economic recessions are
      Reuter  -  247 words
    • Article
      Lock icon Aussie Labor Party conference fails to inspire confidence
      271 6 Reuter HOBART Australia's ruling Labor Party papered over the cracks of its divisions at a conference this week but failed to restore the confidence of recession-racked businessmen. "I don't think at this conference we have made progress in winning the confidence of
      Reuter  -  271 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      569 6 e s Serth Arrival Departue Vessel Voy No Berth Arrival Ocpartire Keppel Wharves Tong Hoe 1OA/91 M4C 29 06/0800 2906/2300 Cora Pcess 038 (P) K29 alongside 2806/1800 Wi|aya 1 015 M2A 29 06/0800 29 06/2300 Kota Wangi E 897 K32 alongside 0107/1830 Selesa Maiu 1/91 K31 alongside
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    • Article
      CONTAINER SCHEDULE
      1196 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookrg/Balance Rslts Sh*> Voy No Etb/Btr Penod From To From AkaBhum 502N 28/1900 1 27/1500 27/1659 27/1900 Ai Waiba 60A 30/0100 1 27/1500 27/1659 27/1900 27/1700 28/0659 28/0900 3 28/0700 28/1159 28/1400 4 28/1200 28/1459 28/1700 Anna Ms 9112
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  • THE WORLD
    • Article
      Lock icon Recession over, recovery will be modest: Bush's top economist
      454 7 Reuter WASHINGTON The White House's top economist has declared an end to the year-old US recession but said the recovery will probably be modest and a backslide into another downturn cannot be ruled out. The statement by Michael Boskin, chairman of
      Reuter  -  454 words
    • Article, Illustration
      Lock icon US and Japan to resume talks on car parts market
      416 7 Reuter WASHINGTON Commerce Secretary Robert Mosbacher announced on Thursday that US and Japanese officials would resume talks in Tokyo in July to open Japan's car parts market to foreign companies. An aide said the talks would also press US complaints
      Reuter  -  416 words
    • Article, Illustration
      Helping to cool down the tension
      43 7 An ethnic Serbian woman handing out a glass of water to a ugosla* People s Army tank crew guarding the C roatian town of Glina after clashes between ethnic Serbs and Croats killed four people on Ihursda).
      43 words
    • Article
      Lock icon Subsidies to east may cause inflation
      309 7 FT BERLIN Large flows of subsidies from west to east Germany could trigger inflation because the transfer of funds is not being matched by extra production east of the Elbe. Karl Otto Pohl, the Bundesbank president, warned on Thursday. At a news conference following
      FT  -  309 words
    • Article
      Lock icon E German economy yet to gain from union
      294 7 Reuter BERLIN When the two Germanics merged economies a year ago. Bonn politicians promised "a process of creative destruction'" would transform the communist East into a blossoming capitalist landscape. So far. destruction has outweighed creation. East Germans who queued euphorically for their
      Reuter  -  294 words
    • Article
      Lock icon China's MFN Bill sent to US Senate without vote
      319 7 Reuter WASHINGTON The US Senate Finance Committee on Thursday sent to the full Senate a Bill attaching conditions to renewal of China's favourable trade status with the United States but made no recommendation for or against it. The party line vote
      Reuter  -  319 words
    • Article
      Lock icon Europe's electronics industry needs help: experts
      278 7 AFP PARIS Europe needs an emergency plan to save its electronics industry from going under in the face of US and Japanese competition, a group of experts said here on Thursday. A report from the French planning ministry's working group on electronics urged the
      AFP  -  278 words
    • WORLD WATCH
      • Article
        Japan's consumer prices up 3.4pc in May
        149 7 TOKYO Consumer prices in Japan rose 3.4 per cent in May from a year earlier, and up 0.5 per cent from the previous month. The Management and Coordination Agency said yesterday that the consumer price index for May stood at 110.7 against the
        149 words
      • Article
        Seoul's trade deficit
        58 7 SEOUL South Korea's trade deficit with Japan will reach a record USS6.3 billion this year, up from last year's US$5.9 billion, the Trade and Industry Ministry predicted yesterday In the January-April period. Korea ran a merchandise trade deficit of US$3 billion with Japan. Korea's overall trade deficit
        58 words
      • Article
        Salinas to seek investments
        76 7 MEXICO CITY President Carlos Salinas de Ciortari started an 11-day tour of Europe yesterday where he is expeeted to use a proposed Nortn American free-trade agreement to attract business and investment to Mexico. A complex set of "rules of origin" similar to those drawn up for
        76 words
      • Article
        Shares for Poles
        104 7 WARSAW Poland unveiled a plan on Thursday to privatise a quarter of its state-owned industry by the end of the year and give a share to every adult Pole. About 400 industrial firms will be transferred to private ownership under the programme, announced by Privatisation Minister Janusz
        104 words
      • Article
        Aid for German farmers
        67 7 DRESDEN. Germany European Farm Commissioner Ray MacSharry has launched a U553.42 billion package aimed at saving eastern German agriculture, plunged into crisis by the end of government subsidies. The aid. to be paid over the next 30 months, comprises modernisation and retraining grants that are already
        67 words
      • Article
        All that money sitting around
        63 7 WASHINGTON Nearly US$9 billion in US aid to other countries, some of it made available as long as 10 years ago, is sitting unused. There are several reasons the money has not been claimed, but there is growing sentiment in Congress to limit the number
        63 words
    • Article
      Kuwait seeks downstream investments
      260 7  -  Conference on reconstruction By Salil Tripathi KUWAITI officials are looking for downstream investment opportunities in the Asia-Pacific. This was disclosed by Jamal Al-Loughani of Kuwait Petroleum Corporation at a conference on the reconstruction of Kuwait held here yesterday. He said: "We see great opportunities in the
      260 words
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      Page 7 Advertisements Column 1
      344 7 dr ARAB BANK PLcSk. fcyf j f Eg)] (Incorporated in Amman, Jordan) i«»fJaniu:i INnar tor r ur J> *«*•> n-jf )j aj| *|j 111 US M LirJ Balance Sheet as of December 3i, 1990 Profit And Loss Statement for the year 1990 l«WO Astrd Jl) (*000) JP Cash in hand
      344 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Stocks decline as see-saw trading hits market
      5184 8  -  By S N Vasuki SINGAPORE STOCKS closed lower yesterday in a da> of see-saw trading. Shares dipped in the morning session as investors cautiously awaited announcements from Parliament pertaining to the market. They rose marginally in the afternoon session after Finance Minister Richard
      5,184 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4259 9 Main Board SIA 1370 *20 +1.5% OCBC Wt 260 H9 7.9% (4C 580 +15 +2.7% Spore l and 565 +15 +2.7% S Reinsurance 1X0 +11 +6.5% SIA Foreign 1890 +10 +0.5% NOL I'ret 10* 550 +10 +19% < eretoos 25' 258 +10 4.0% OlIB Wt
    4,259 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Share prices decline in heavier trading
      4445 10 Bernama SHARE PRICES on the Kuala Lumpur stock market closed easier on selling activity yesterday as investors turned cautious ahead of the weekend and in the absence of positive leads. The KL.SE Composite Index fell four points to 618.69 while the Industrial Index was
      Bernama  -  4,445 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close lower after Hashimoto's comment
      2185 11 Reuter TOKYO STOCKS closed lower yesterday. Local news reports that Finance Minister Ryutaro Hashimoto said the ministry may review whether public entities should invest in equities hurt already bearish sentiment, brokers said. However. last-minute bargain-hunting lifted the Nikkei oft* its lows. "The minister's comments
      Reuter  -  2,185 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Trading livens up as share prices rise
      2050 11 AP SHARE PRICES on the Hongkong stock exchange closed higher in increased trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, rose 38.85 points, closing at 3,668.64. Turnover amounted to HKS 1.096 billion, up from Thursday's HK.5737 million. Brokers
      AP  -  2,050 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      25 11 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Tele rate Managers must manage. Business Times shows you how every Monday.
      25 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks rise, led by BHP news
      • Article
        Untitled
        969 12 Clow Fretiotis June 28 SYDNEY All Ordinaries Index 1,506.2 1.500.8 +5.4 All Industrials Index 2,.115.7 2,315.2 1-0.5 All Resources Index 885.6 877 3 *8.3 Turnover (million) 173.2 107.3 +65.9 BANGKOK SET Index 765.21 766.00 -0.79 Turnover (million baht) 3,530 3,690 -160 JAKARTA 'Composite Index 346.27 354.21 -7 94 MANILA Composite
        969 words
      • Article
        AUSTRALIA
        835 12 AUSTRALIAN SHARES yesterday elosed slightly higher on the last trading day of the finaneial year, eseaping profit downgrades by two major mining houses just after the close of trade. BHP said it would be difficult to match the record 1990/91 profit of AS 1.42 billion and CRA said its
        835 words
      • Article
        BANGKOK
        800 12 STOCK PRICES in Thailand ended mixed as investors were reluctant to take big positions for the long weekend, brokers said. The SET index closed 0.79 point lower at 765.21 on a turnover of about 3.53 billion baht. Siam Cement gained four baht to 620 while Tanayong lost 14 to
        800 words
      • Article
        JAKARTA
        634 12 PRICES closed sharply lower yesterday as selling orders continued to dominate Jakarta stock trading, brokers said. "Trading is so slow, there is hardly any factor which can drive the market. It is a bad sign for next week's trade," one broker said. The official index dropped 7.94 to 346.27,
        634 words
      • Article
        MANILA
        543 12 SHARE PRICES in the Philippines elosed higher in moderate trade after investors who had kept away from trading beeause of the eeonomic fallout from Mount Pinatubo's eruption returned to the market. The Manila Stoek Exehange composite index rose 16.94 points to close at 1.059.26. "The market had been oversold.
        543 words
      • Article
        TAIWAN
        146 12 TAIWAN STOCKS wavered narrowly in very thin trade before closing slightly weaker yesterday. Dealers said senti- ment was extremely eautious and many investors were reluctant to enter the market. The weighted index closed 30.56 points lower at 5.900.70 points and turnover sank to NT524.5 billion from Thursday's NT536.79 billion.
        146 words
      • Article
        SEOUL
        101 12 THE Seoul stock market opened firm yesterday following the advances of the last four days but eased in the afternoon session mainly on profit-taking, brokers said. "Investors took profits from recent gains." Huh Eui-do, a broker at Daewoo Securities, said. The composite stock index lost 0.01 point to 602.60,
        101 words
      • Article
        NEW ZEALAND
        94 12 THE share market ended slightly firmer on another day of modest volume that was dominated by the listing of cashedup investor GPG pic and a sizeable annual loss reported by Air New Zealand. Investors still seem content to bide their time ahead of several large share issues due
        94 words
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      Page 12 Advertisements Column 1
      126 12 All prices are provided by Telerate t- sL^H Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, ail the current trends that affect them. you need to be kept well informed to maximise returns on Essential information accessible every business day your money. ,j, roU gj, Business Times.
      126 words
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  • WORLD STOCK MARKETS
    • New signals on recovery boosts Dow
      • Article
        Untitled
        294 13 June 27 (lose Previous NEW YORK Dow Jones 2.934.93 2.913.01 +21.92 NYSE Financial 148.26 147 56 +0 70 S& P 500 374 40 371.59 +2.81 Turnover (million) 155 187 -32 LONDON Financial Times 30 1.912.0 1.901.5 +10 5 FTSE 100 2.452 5 2.437.3 +15.2 Turnover (million) 517.5 unav AMSTERDAM CBS
        294 words
      • Article, Illustration
        NEW YORK
        1338 13 BUYERS ventured back onto Wall Street on Thursday to sift through bargains amid tentative signs of an improving economy and an easing in long-term interest rates. A sparkling performance in Dow component AlliedSignal Inc also helped lift blue chips out of their recent doldrums. Investors saw further evidence
        1,338 words
      • Article, Illustration
        LONDON
        754 13 THE FTSE 100 index ended near the day's high, up 15.2 points at 2,452.5, as its low level sparked a few buy programmes and market makers squared short positions ahead of yesterday's end of account, dealers said. The FTSE was just above the bottom limit of a three month
        754 words
      • Article
        FRANKFURT
        264 13 GERMAN SHARES ended a volatile session lower on Thursday, but with a slight upturn near the end of the day after the Bundesbank did not raise interest rates. The 30-share DAX index closed 6.05 points lower at 1,666.09 after trading in an 18-point range between 1,659.36 and 1.672.67. Traders
        264 words
      • Article
        AMSTERDAM
        241 13 DRAINED OF investor energy. Dutch shares were content to trudge in the footsteps of Wall Street to close higher on Thursday. The CBS general tendency index added 0.6 to 93.9, as investors continue to catch their breath, consolidating the dizzy rush of February and March when most of the
        241 words
      • Article
        PARIS
        224 13 FRENCH SHARE PRICES staged a modest technical rebound on Thursday, finishing higher for the first time in four days. But traders said the mood remained sombre. "This was a timid rise, very reserved and far from adequate to give any real new impetus to prices." a dealer said. The
        224 words
      • Article
        ZURICH
        252 13 THE ZURICH BOURSE ended a lacklustre session easier on Thursday, but off earlier lows, as Wall Street's firmer opening provided some support in late dealings, brokers said. The all-share SPI index eased 5.6 points to 1.094.9 after bottoming out earlier at 1.092.2. and the SMI index of leading shares
        252 words
      • Article
        BRUSSELS
        142 13 BELGIAN SHARES closed narrowly mixed in dull trade on Thursday with a sharp rise in June inflation deterring investors, traders said. June inflation jumped to 3.62 per- cent from 3.22 per cent in May, the Economics Ministry said on Wednesday. The BEL2O index of leading shares ended 0.46 point
        142 words
      • Article
        TORONTO
        263 13 TORONTO STOCKS shunned a rally on Wall Street to close down slightly near the day's lows on Thursday, dealers said. "Basically I think we're just in a period when there's nothing pertinent coming through," porfolio strategist Lyle Stein of Nesbitt Thomson Inc said. Lack of news and cautiousness heading
        263 words
      • Article
        MILAN
        168 13 ITALIAN SHARES closed easier on Thursday in very thin trading volume as political worries dampened investor sentiment and blue chips lost ground across the board. "People are waiting for the beginning of the Socialist party congress to see whether or not the conditions are there for a government crisis,"
        168 words
      • Article
        JOHANNESBURG
        406 13 SHARE PRICES in Johannesburg ended easier after a mixed and uneventful day's trading on Thursday as the market searched for fresh direction. Dealers said caution has replaced the relentless bullish sentiment of recent weeks after disappointing South African economic data. They described trading as quiet and generally featureless. Gold
        406 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar closes firmer in quiet pre-weekend Tokyo
      1166 14 REPORTS I lokvo: The dollar closed firmer against the >cn and the mark on short-covering in quiet pre-weekend trade yesterday. Dealers said short-covering in dollar/yen was by local interbank players a d in dollar/mark was by overseas speculators. Importer buying also helped
      1,166 words
    • Article
      INTERBANK FOREX RATES
      405 14 Cross rates June 28 USS S$ MS Dm Yen SFr A$ NZS INS 1.7645 2.7800 1.7970 137.80 0.6126 1.5520 1.3021 1.7301 SS 0.5667 1 5755 1.0184 0.7810 0.3472 ***** 0.7379 0.9805 MS 0.3597 63.47 0.6464 0 4957 0.2203 0 5583 0.4684 0.6223 Dir 0.5565 0.9819 1.5470 76.68
      405 words
    • Article
      MONEY MARKET
      528 14 Interbank rates SS Bid (Iffer I overnight 5 5/8 5 3/4 1-month 6 6 1/8 2-month 6 1/16 6 3/16 3-month 6 1/8 6 1/4 Overnight mode: 5-1/2 l S» Rid (WTer i!,ivs 5 IVI6 6 1/16 month 6 6 1/8 p nths 6 6 1/8 i months
      528 words
    • Article
      Lock icon Indon forex market safer after Bank Duta fiasco
      361 14 Reuter JAKARTA Huge foreign exchange losses at a private bank, which have put one trader in jail on corruption charges, have made Indonesia's foreign exchange market safer, bankers and economists said. "In the past people didn't bother with dealing rooms. Now we
      Reuter  -  361 words
    • Article
      Lock icon China to sell 15.5b yuan T-bonds
      202 14 AFP BEIJING China is to sell more treasury bonds than projected this year, most of them through a new underwriting system rather than compulsory worker subscriptions. the China Daily said on Thursday. Zhang Jialun. deputy director of the state debt management department under the
      AFP  -  202 words
    • Article
      FINANCIAL FUTURES
      1111 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 93.51 93.52 93.50 93.51 4500 ***** 34li Dec 91 92 91 92.93 92.91 92.93 2500 ***** 2743 Mar 92 92.81 92.82 92.81 92.81 2500 8420 870 Jun 92 92.41 92.42 92.41 92.41 500 1245 287 Sep
      1,111 words
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  • COMMODITIES
    • Article
      Lock icon Spectre of central bank sales haunts gold trade
      517 15 Reuter VIENNA The spectre of the world's central banks selling their huge gold reserves, worth US$3BO billion (about SS67O billion), is haunting the gold industry as it nurtures the hope that the yellow metal is headed back above US$4OO an ounce. Mining
      Reuter  -  517 words
    • Article
      Lock icon Prices will rise if work stops at biggest copper mine
      294 15 Reuter NEW YORK A strike at the world's largest copper mine would send prices higher, but it is uncertain how long a work stoppage would last if one occurs, traders and analysts said. Codelco's Chuquicamata mine workers in Chile voted
      Reuter  -  294 words
    • Article
      KLTM closes higher at M$15.54 per kg
      823 15 REPORTS THE price of tin rose nine sen to M$ 15.54 per kg on the KLTM yesterday mainly on short covering activity. The firmer market was also in tandem with a higher overnight close on the London Metal Exchange where the price of
      823 words
  • Article
    PRICES
    1486 15 Rubber June 2 MS In tale*) S cents/kg Noon Close Int 1 RSS Prompt I44.25/145.25N 144.00/145.00N Int 1 RSS July 91 145.75/146 25 145.501/146.00 Int I RSS August 146 50/147 00 146 25/146 75 Int 2 RSS OH 143 00/145 OON 143.50/145 50N Int 3 RSS OP 141 50/143
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  • Page 15 Advertisements
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      11 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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      Page 15 Advertisements Column 2
      1169 15 BUSINESS TIMES TELHPIIONE: 730 5771/5772/5773 FAX: 734-4982 M THE MATTER Of THE COMPANIES ACT, CAP M IN THE MATTER OF WILDEMEIR ENGINE ERMG PTE LTD (M —9 VOIUMTMT ME) NOTICE IS HEREBY GIVEN h* alar Eitaordnary Ganaral Umang of t» Compare waa convenad and hafd at 16 Rcbuaon Road aOMKB
      1,169 words
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  • Article, Illustration
    Sade-DFS loses to Scotts in Terminal 2 tenders
    317 16  -  By Sylvia Wong HISTORY failed to repeat itself yesterday as Sade-DFS lost out to Scotts Weitnauer Retailing in open tenders for three perfume/cosmetie concessions at Changi Airport's Terminal 2. The tenders, which closed yesterday, saw Scotts Weitnauer putting in the highest bids
    317 words
  • Article
    Lock icon Malaysian deficit likely to reach M$8b
    303 16 It is likely to remain at this level next year, says Anwar Bernama KUALA LUMPUR Malaysia's current account balance of payment deficit is expected to reach MsB billion (555.12 billion) this year and is likely to remain at this level next year, according to
    Bernama  -  303 words
  • Article
    DPP asks for Knight's trials to be held this year
    319 16  -  By Conrad Raj THE Attorney-General's Chambers is appealing against the trial dates for former white collar crime buster Glenn J Knight who was charged last month for cheating. alleged cheating and making false statements. Deputy public prosecutor Yang Ing Loong
    319 words
  • Article
    HK drops high rates policy amidst criticisms
    344 16  -  From Catherine Ong in HONGKONG WEEKS of heavy speculation on the Hongkong dollar by foreign exchange dealers yesterday forced the government to abandon a much-criticised policy of using high interest rates to fight inflation. A month after it orchestrated a surprise one-percent-age-point rise
    344 words
  • Article
    Lock icon Minister raps Nomura for implicating govt in scandal
    300 16 Reuter TOKYO Japan's Finance Minister lashed out at the giant Nomura brokerage, accusing its outgoing president of improperly implicating ministry staff in an escalating stock market scandal. Ryutaro Hashimoto told reporters ex-Nomura Securities Co Ltd chief Yoshihisa Tabuchi had been out of
    Reuter  -  300 words
  • Article
    Quota system slows vehicle growth
    162 16 THE vehicle quota system, launched in May last year, has dampened the growth of Singapore's vehicle population, which grew by 4.2 per cent, compared with 5.8 per cent in 1989. The Registry of Vehicles' (ROV) 1990 annual report also revealed that the body had collected
    162 words
  • Article
    Hopewell issue likely to boost HK market
    335 16 THE SUCCESS of the HKSS.6 billion (551.27 billion) Hopewell Holdings rights issue, the biggest in the history of the Hongkong stock exchange, is expected to boost market sentiment next week, analysts said. The massive issue of 1.92 billion ordinary shares of HKSO.SO cents
    335 words
  • Article
    Tony Tan to relinquish NTUC trustee post
    96 16 MINISTER for Education Dr Tony Tan Keng Vam announced yesterday that he would step down as chairman of the NTUC Income Board of Trustees. At the NTUC Income annual general meeting yesterday, Dr Tan said NTUC Secretary-General Ong Teng Cheong had agreed to
    96 words
  • Article
    MAS reviewing credit and charge card rides: Dr Hu
    296 16 Yesterday in Parliament THE Monetary Authority of Singapore is currently reviewing regulations governing the issue of credit and charge cards in view of their rapid growth, which has sparked worries of excessive credit creation. Finance Minister Dr Richard Hu said in
    296 words
  • Article
    JTC to spend $30m on islands project
    208 16 JL'RONG Town Corp will spend about $30 million to reclaim land on Pulau Seraya, Pulau Ayer Merbau and Pulau Sakra to allow for a utilities link between the mainland and Pulau Sakra where Du Pont is building its $400 million chemical plant. The
    208 words
  • Article
    First 4 months1 foreign workers' levy totals $240m
    249 16 First 4 months 1 foreign workers' levy totals $240m MAINTAINING an uptrend, foreign workers' levy collection amounted to $240 million in the first four months of this year. At this rate, the levy collection looks set to exceed last year's total of $640 million. Figures given yesterday by l abour
    249 words
  • Article
    PARLIAMENT BRIEFS
    486 16 THE GOVERNMENT intends to provide for up to four non-constituency MPs for the next general election, said Professor S Jayakumar yesterday. The actual number of NCMPs declared will be four less the number of opposition MPs returned in the election. The Constitution provides for a maximum of six
    486 words
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  • Executive Lifestyle
    • Article, Illustration
      Rigging up a friendship network
      1203 17  -  Nirmal Ghosh tunes in to the world of amateur radio, where clerks may converse with kings Nirmal Ghosh ONE DAY some 15 years ago, 9VIJY, also known as Yathe, settled down to scan the airwaves from his home in Singapore. He suddenly came across a
      1,203 words
    • Article
      How to join the band of hams
      494 17 HAM RADIO is governed by the 1927 Amateur Radio code. A recent issue of the amateur radio magazine QST interpreted those codes in 1990s language. In their version. the codes state that the amateur is considerate and polite, loyal to fellow amateurs, is
      494 words
    • STRAWS IN THE WIND
      • Article
        Fishing for answers
        150 17 IN GERMANY, getting a fishing licence has become as difficult as getting a driving licence from Kampong Übi. In most parts of the world, you only need to go to the post office to get one. In some places, you just need some bait. But in Germany,
        150 words
      • Article
        Mates and primates
        73 17 TIRED of the usual wedding photos taken against the Chinese Gardens or an MRT station? The zoo has an answer. In a newly introduced wedding package, you and your beloved can drive around in a horse and carriage, after which you can stop to have breakfast with
        73 words
      • Article
        In the spotlight
        21 17 WHAT do the CNN and John Sununu have in common? They're both on the air all the time.
        21 words
    • OPINIONS
      • Article, Illustration
        Stop this senseless slaughter
        1136 18  -  Nirmal Ghosh calls for an end to the consumption and use of "exotic" foods and medicines derived from endangered species Nirmal Ghosh The writer is a BT journalist IN APR 11 this year, a 50-strong delegation to China led by Minister of State (Trade and Industry
        1,136 words
      • Article
        The meaning behind global partnership
        781 18  -  Yoichi Funabashi offers an explanation on why the Japanese borrow English words for global partnership Yoichi Funabashi The writer is a Washington-based correspondent of Asahi News Service A US Administration official involved in US-Japan relations asked me, "Why do the Japanese always borrow Hnglish words
        781 words
      • Article
        Remisiers have indeed come a long way
        475 18  -  letters to the EDITOR Lee Wee Seng, President, The Society of Remisiers (Singapore) PLEASE allow us to comment on some of the points raised in Yeo Seng Kia's letter which was published in the June 22/23 edition of BT. The thrust of Mr
        475 words
      • Article
        Law provides for compensation
        179 18  -  Lim Boon Heng Deputy Secretary-General National Trades Union C ongress PLEASE refer to the article headlined "Wrong forms deprive workers of eompensation cover" (BT. June 26). Anyone reading the article may have the impression that workers would be deprived ot compensation if the wrong insurance forms
        179 words
    • SPORTS
      • Article
        Lock icon Fehr, Thorpe share first-round lead at St Jude Classic
        677 19 Rick Fehr does well enough to share the top spot despite not knowing what was happening AP MEMPHIS, Tennessee Rick Fehr was six under par during a four-hole birdie-ea-gle binge on Thursday and Jim Thorpe was four under over his last
        AP  -  677 words
      • Article
        Lock icon McHaffie shoots career low
        570 19 AP BETHESDA, Maryland Deborah McHaffie surprised virtually everyone but herself by shooting a career-low 66 on Thursday to take a oneshot lead after the opening round of the LPGA Championship. McHaffie, who had broken 70 only once in 35 rounds this year, had six birdies and
        AP  -  570 words
      • Article, Illustration
        Lock icon Agassi a picture of white
        474 19 AP WIMBLEDON The fluorescent lime shirt was gone. The neon pink shorts were left at home. A dangling gold earring was the only hint of his unique sartorial style. After all the hoopla, he wore maiden white on a grey day. Andre Agassi was indeed
        AP  -  474 words
      • Article, Illustration
        Lock icon Victim of public romanticisation
        456 19 Reuter LAS VEGAS Mike Tyson is receiving a bad press because people romanticise the way he used to he, says Jay Bright, one of Tyson's trainers and a close friend. Tyson, who will turn 25 tomorrow, has been widely criticised for a series of recent episodes
        Reuter  -  456 words
      • SIDE LINES
        • Article
          Silence urged on German doping revelations
          124 19 BONN A leading sports politician said on Thursday that Germany should keep quiet about recent controversial revelations about doping among its top athletes until after next year's Olympics in Barcelona. "We must avoid a situation where politicians are accused of taking away the well-de-served
          124 words
        • Article
          Doll to join Italian club
          70 19 ROME German forward Thomas Doll signed a threeyear contract with Lazio of Rome, the club announced on Thursday, the third member of Germany's national squad to join an Italian club in recent weeks. Lazio officials said the 25-year-old Dol will receive 500 million lire (more
          70 words
        • Article
          World's top long distance runner
          51 19 HELSINKI Arturo Barrios of Mexico was presented with the Paavo Nurmi Trophy on Thursday as 1990's top long distance runner in the world. Barrios, who is based in Colorado, set a world 10.000-metre record of 27 minutes, 8.23 seconds during a meet in Berlin last
          51 words
        • Article
          Morceli in year's fastest 1,500m
          85 19 HELSINKI Noureddine Morceli of Algeria, helped by excellent pacemaking from American Ray Brown, clocked the fastest time of the year in the 1,500 metres at the 25th World Games Grand Prix track and field meet on Thursday. Morceli. starting his kick on the backstretch, won
          85 words
        • Article
          Joint leaders in French Open
          118 19 ST QUENTIN, France Argentina's Eduardo Romero and New Zealand's Frank Nobilo shot 3-under-par 69s on Thursday on a wet and windy course to share a one-stroke lead after the first round of the U*****,000 (551.15 million) French Open. Heavy rain drenched the new, 6.516 metre
          118 words
      • Article
        Lock icon Johnson may miss world championships
        482 19 Reuter TORONTO Ben Johnson is hoping to regain some lost glory at August's world athletics championships but he may run out of time in his bid to qualify for the competition. Johnson has yet to secure a spot in Canada's team for the Tokyo event
        Reuter  -  482 words
    • EPICURE
      • Article
        From New Orleans to Changi
        632 20  -  Jennifer Lien samples Creole and Cajun cooking at the Verandah Jennifer Lien PIPED IN jazz music filters into the Verandah restaurant in an obvious attempt to be in tune with the food being promoted. Mardi Gras masks line the walls and the checkered cloths, silver
        632 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Tolstoy and the Tolstoys
        1080 21  -  Three generations of the Tolstoy family hold a reunion By Michael Dobbs IHT COUNTESS Vera Tolstoya visited her grandfather's state for the first time in seven decades the other day and quickly noticed something that was out of place. "That statue should be taken away." she
        IHT  -  1,080 words
      • Article, Illustration
        Safety play of the trump suit
        430 21  -  By Sybil Holloway BRIDGE BOARD Two m the Epson Worldwide Contest. 1991, caused many East/West players quite a problem in the play when they chose the four spade rather than the easy 3NT contract. His Excellency. Yogesh Tiwari. found the right safety play of
        430 words
      • Article, Illustration
        Lock icon Tale of a grape, a vineyard, a protest and victory
        746 21  -  By Frank J Prial NYT WINE VOUVRAY is one of those wines that stir up strong feelings of ennui. There are problems. First of all, the grape: chenin blanc. Chardonnay it's not. "A magical chameleon of a grape," says Jancis
        NYT  -  746 words
    • PURSUITS 1
      • Article, Illustration
        Mindless excursion into perversity and violence
        596 22  -  A serial killer who commits senseless crimes is one thing, but a writer who writes senselessly is guilty of an even worse crime Reviewed by Jaime Ee American Psycho By Bret Easton Ellis Vintage 399 pages ITS ORIGINAL publisher dropped it; women's groups campaigned
        596 words
      • Article, Illustration
        The stuff of tragedy
        626 22  -  Jennifer Lien empathises with some distraught Trojan women in a stone quarry Jennifer Lien THE BUS RIDE was rocky, and the five-minute uphill walk murderous for those who ignored the warning to wear comfortable shoes. Rock-climbing skills weren't mentioned as a prerequisite to enjoying Theatreworks' latest
        626 words
      • Article, Illustration
        Lock icon Creating new meanings for gold
        655 22 The World Gold Council has this to say to the affluent working woman: Don't just own the metal as a status symbol. Enjoy it Reuter THE WORLD gold industry is targeting affluent working women in developed countries known as "trend-setters" and "strivers" as its main
        Reuter  -  655 words
      • Article, Illustration
        Lock icon Excess is the name of the game, folks
        490 23  -  Jesse Boone wanders into the playground of the extravagantly rich Jesse Boone IN A WORD, the atmosphere was elegant. One minute you were in the lobby of the Oriental Hotel; the next, you were strolling through Paris doing some serious window-shopping. If
        Photos by Chris Loh  -  490 words
      • Article, Illustration
        Lock icon Salalah's long and winding road
        641 23  -  A mountain drive offers Salil Tripathi a respite from the desert heat Salil Tripathi IT IS an unusually cool morning. I still cannot get over the fact that I am on the Arabian peninsula where the desert and scorching heat are as common as the
        Photos by Salil Tripathi  -  641 words
      • Article, Illustration
        Music written with an adult perspective
        632 23  -  CD Review By RINGO LIEW Bonnie raitt: Luck of The Draw As someone who is not afraid to act her age, singer-guitar-ist Bonnie Raitt stands out as one of a rare breed in the music business especially when compared with someone like Cher, for
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    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          Snippets from SIA's annual report
          494 24  -  Compiled by Lee Han Shih HERE are some glimpses of the workings and finances of Singapore's biggest company, Singapore Airlines, from its glossy and informative annual report (136 pages this year): SIA GROUP'S cash in hand shot past the $2 billion mark for the first
          494 words
      • Article, Illustration
        No glamour, but lots of oomph
        860 24  -  Chew Eng Han assesses the potential of SAL Industrial Leasing STOCK Chew Eng Han Analysts seem to agree at least on one point about SAL Industrial Leasing it may not be a "sexy" stock, but it is certainly a safe one. With the strong
        860 words
      • Article, Illustration
        Lock icon Your fortune may lie with the stars
        969 24  -  Diana Oon talks to the star-gazers Diana Oon Mention astroanything and visions of crystal-ball-gazing gypsies spring to mind, but not if astro-chart-ing catches on here. Like other forms of technical charting, astro-charting involves a lot of mathematical formulae. The difference is that astro-chartists
        Source: CompuTrac; Source: Mr Arul Inthararajah  -  969 words
      • Article, Illustration
        Market at a cross-road
        604 24  -  CHART By Goh Hiang Fong The writer is head of research. Lum Chang Securities Pte Ltd THE stock market is at an important junction. Having failed to confirm the ascending triangle formation which was emerging on the Straits Times Industrials Index (STII) two weeks ago, it
        604 words
      • Article
        SIA survives Gulf War with flying colours
        1125 25  -  Annual report is a mine of information for Loretta McLaughlan STOCK. Loretta McLaughlan THE MOST refreshing aspect of SlA's datapacked annual report is that the group is not shy about figures. Nor do they use the statistics only to highlight the good news.
        1,125 words
      • Article
        Gold and silver poised for a rally
        271 25 DAVID Fuller continues to be optimistic about the prospects for gold and silver. In his latest newsletter, he said that recent gains in the price of gold have reached a stage of consolidation that should support a further rally in the next few
        271 words
      • Article
        World mini-bull running out of steam: Fuller
        597 25  -  Most stock markets may be heading lower By S N Vasuki CHARTIST David Fuller feels that the "mini-bull" trend which stock markets worldwide have been experiencing since early this year is beginning to lose its momentum. Writing in the latest issue of Fuller
        597 words
      • Article
        Options for higher yields on foreign currency deposits
        568 25  -  Chew Eng Han explains how UOB's Maxi-Yield works Chew Ene Han THE MAGIC of currency options has now been cleverly applied to banking products to give customers higher yields on their foreign currency deposits. UOB's new product, Maxi-Yield. offers its private banking
        568 words
    • JOBS
      • Article, Illustration
        Lock icon Here comes the boss
        821 26  -  What do grown-up beach boys do? They become bankers, among other things. Salil Tripathi meets one who believes in doing things and dressing in his own inimitable way Salil Tripathi TAKE a boy from Hawaii who has always loved beaches and flowers, and when he is
        Photo by Chris Loh  -  821 words
      • Article, Illustration
        EXECUTIVE MOVES
        339 26 Mr Alex Hung has been appointed Vice-President, USA of Abacus Distribution Systems Pte Ltd. Initially based in Kansas City, he will be responsible for operations in both Kansas City and Atlanta in the US. He was previously Vice-President, Marketing. Mr I-im Soon I*ng, currently Director, Product/Support, will assume
        339 words
      • Article
        Lock icon Japan to relax policy on unskilled foreign workers
        308 26 Asahi IN A relaxation of its immigration policies, Japan will allow unskilled forI eign workers to work in Japan for up to one year after they complete a training programme at Japanese companies, government sources said earlier this week. Japan now grants
        Asahi  -  308 words
      • Article, Illustration
        Lock icon The slow rise of Hanoi's executives
        972 26  -  Nobody in Vietnam fancies a job that pays US$2O a month. But are there any choices? Indeed there are, says Harish Mehta. Harish Mehta A YOUNG Vietnamese graduate traipses around Hanoi's staterun firms in search of a job. Everywhere he goes the best starting
        Photos by Harish Mehta  -  972 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1085 27 City FligM ETA Flight ETD Adalaida QF081 2000 SQ227 2200 QF082 2200 Amsterdam SQ19 0755 SQ24 0100 KL837 1255 SQ38 2145 KL837 1415 KL838 2240 Anddaad NZ21 1820 NZ22 1930 SQ338 2030 BA12 2155 Bandar S«ri BI421 1105 SQ182 0915 Bafawan SQ181 1410 BI422 1205 BI429
      1,085 words
    • THE TRAVEL PAGE
      • Article, Illustration
        Potsdam confronts ghosts of its past
        713 27  -  LETTER FROM POTSDAM By John Tagliabue IT IS sometimes hard to recognise the ghosts of past glory among the concrete tenements and palaces of Potsdam. On the site of the old Hohenzollern city palace stands the unfinished reinforcedconcrete torso of a theatre. And. where
        713 words
      • Article
        MONEY CHANGER RATES
        158 27 As at 3pm yesterday: Ix)cal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.352 1.367 Canadian dollar 1.538 1.553 NZ dollar 1.010 I 040 Sterling pound 2.865 2.8800 US dollar 1.7640 1.7740 Ixtcal dollars to 100 units of foreign currency Austrian schilling 13.75
        158 words
      • TRAVEL SLICES
        • Article
          Lufthansa unit orders 10 Boeings
          164 27 THE BOEING CO has announced that a unit of the Lufthansa group has ordered 10 767-300er long-range passenger jets worth about US$l.l5 billion. The planes were ordered by Lufthansa Leasing Gmbh for use by Condor Flugdienst, another subsidiary of the Lufthansa group. Boeing also said
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        • Article
          Help for tourists in Yugoslavia
          118 27 TOUR OPERATORS said they would evacuate 15,000 British holidaymakers from Yugoslavia, where European Community leaders aimed to urge negotiation, not bloodshed, to end the civil strife. The British Foreign Office issued travel warnings without advising Britons already in Yugoslavia to leave, but a group of
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        WORLD TRADE EXHIBITIONS
        245 27 Duration Title Venue Organiser Tel June 25-2*) International Brtislava. Incheba Company *****1111 Chemical Fair Czechoslo- Limited vakia July I Kuwait: Hilton Asian Investment **********8 Opportunities In International: Conferences Reconstruction Jakarta (Pte) Ltd July 2-6 International Buenos Aires CAMIDA-lndustr- *****1820 Exhibition of lal Chamber of Sport ware Sport
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        THEATRE
        252 28 USIA Artistic Ambassadors Violin Piano Duo Recital by listers Stephanie and Suzanne Leon. Programme include pieces by Schubert, C opland, Gershwin and Prokofiev I toria Concert Hull July 2 at 8 15pm Violin and Piano Recital Violinist Martin Valdcschack and pianist Doris Schack will he performing in a concert
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      • Article, Illustration
        EXHIBITIONS
        222 28  -  C ompiled by K Jayanti Quarry Art Artist Chandrasekaran and sculptor Miss Han Sai Por will exhibit their works and give talks based on their recent experiences in Britain. British Council Auditorium. July 5-16 at 9am-9pm (weekdays), 9am- Ipm (Saturdays). Closed on Sundays and Public Holidays. Time to Time
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      CINEMA
      733 28 Awakenings. Robert dc Niro does some hand and leg work and gets himself an Oscar nomination in this movie based on a true story about a catatonic case and his shy doctor. Robin Williams is the introverted physician who searches indefatigably for a cure and finds it, only to
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      158 17 liai IsiiFß B I The rare perfection of Pateh Philippe at The Hour Glass. aStfUl timepiece should qu,site features that hallmark he a relaxed and comfortable you re the rare per- J" Patek Philippe our customers Af The Hour Class, you're J collectors. treated to the charm and in- «<
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      39 18 NEED AN APARTMENT OR A HOA®' FIND IT UnHESntAirS TIMES (lASfffilED W Walk through the properties section of The Straits Times Classified for the right size, cat s. area and right price for the home you want. 1 7371
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      Page 18 Advertisements Column 2
      26 18 BT welcomes letters from you. Address them to: The Editor, Business Times, Times House. 39(1 Kim Seng Road, Spore 0923. Letters should include your contact numbers.
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      44 18 DOONESBURY BY GARRY TRUDEAU Ml>€R£S VBP i UTTLd EXCUSE; MB GOM6-, MEOA tin N COUNT*/ YOU m T SPSOAUST, 1 UifrM AOtVFiNP MAiVe PilWTf. Fk| THXKbHT HOU i^T^KJT ANnutcfro&u. ho.pfap.' xßeptm I MUIV YOULJKf AN l ItPtTt I POOR.PEAFS I A&rYPHOHXMW (Of-V j UJAITIN6'
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      91 19 FOR BITS AND BYTE r\ 4£r x Cq\>m7A o Cicarcd to keep the busy business executive abreast ot new technologies he can exploit to full advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary
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      223 20 WHERE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE JjJ? EUJiW-f at $22+ and most tender U.S. meat are coming younHyat iI||hCESS T"3A.Cfc>Cafe. The finest quality American beef, poultry and seafood grilled and cooked in a ISfiety of succulent and lip-smacking ways will
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      Page 20 Advertisements Column 2
      303 20 ■■111 II PLUM'S iiiiiiiiin mini SEAFOOD EXTRAVAGANZA June 14th 30th 1991 The ocean's catches are yours for the picking at Plum's. From clams to crabs, from squid to scallops, the choices are endless. In addition, there are even double return air tickets with accommodation at our sister properties in Hyatt
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      Page 20 Advertisements Column 3
      293 20 The Ist Jigsaw Puzxle Competition 26 May-30June It's a giant battle of wits. A real brain-teaser! Five consecutive Sundays of fun jointly organized by Plaza Hafol and Th® Puzzle Shop. Join in the children's Individual Event (up to 11 yrs) or the Team Event (open to all). For just $12
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      Page 20 Advertisements Column 4
      228 20 I That's our prediction for you when you step into the K as bah as ve bands take you down memory lane with golden hits and evergreens- Every night is nostalgia night. You'll be mesmerized. WtkJ**, «pm Jam Wmhmi* >+m-Um jg J fT|/V SfttmL Rrvue Sb*m> —If crtr+st W /vr
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  • Page 20 Miscellaneous
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      250 21 AND ENTERTAIN Family Fun Brunch Make it a family outing with a scrumptious Sunday buffet brunch at Hubertus Grill. A whole array of choice delicacies for adults. Cartoons, toys and fun for the kids. Adults $31 Kids $19+ Jk A ANA HOTEL .4jubrmtt(?)nU SINGAPORE Vjhi.W v.* W 1 UK.II TKA
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      Page 21 Advertisements Column 2
      21 21 KEEPING CtASSY COMPANY USTEN TO WINDHAM HILL COMPACT DISC CASSETTES DIFFERENT FROM THE REST Marketed by PONY CANYON SINGAPORE Tel *****92
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      96 22 w j It could be a controversial deal between two stock 1 market stars, a thought-provoking report by m( university researchers on the latest trans-European merger. FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news
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      519 25 F YPR FSS XvLJk/^ SHARE LOAN 1 "1 The eA4ce4t way of turning shares into w me No. of Points FREE GIFTS* Quick and Easy. Get instant cash for your shares over the counter at any of our 28 branches 2 bones Hem* Main VSOP (3d) j 6 1 Philips
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      184 26 DHL IN THE NEWS Advertisement DHL MOVES TO AIR EXPRESS CENTRE A new $13 million high state-of-the-art automated staff strength tech building at No 1, Tai features including a two-tier With all these latest Seng Drive, is DHL's new Air conveyor belt for its sorting developments, DHL will be Express
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      41 27 Kokkola? It's the real thing when you book Finnair. With a superb twice-weekly service from Singapore direct to Helsinki and then on to everywhere in Europe from Kukkola to Co-Copenhagen. Call *****77 for details. We know Kurope from start U> Finnish.
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      Page 27 Advertisements Column 2
      5 27 CHARTPOINT in BT every Saturday
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      Page 27 Advertisements Column 3
      105 27 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and 1 j relevant book reviews. (v 1 ENTERPRISE MANAGEMENT, in Business Times every Monday, is must < reading for managers who want the X f
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  • Page 27 Miscellaneous
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      312 27 1 Involve one member and HI whip an untruth (9) j 9 Enmity a private soldier re- |Hi iH Hi 10 A canoe I capsized in the —1 11 Give a talk these days on iHI liH clothing (7) j 12 A place below stairs is hu- MB! ~HM"""HH miliating
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      Page 27 Miscellaneous Column 2
      185 27 I VTTTCT7^7SHHHH World forecast I Asia-Pacific lli/I>o* Cond. Auckland 12/06 Showers Bangkok 34/25 Showers Beijing 25/20 Cloudy Brunei 31/25 Showers Hongkong 31/22 Showers Jakarta 32/24 Fair Kuala Lumpur 34/25 Showers Manila 31/24 Showers Melbourne 14/10 Cloudy Perth 18/10 Sunny Seoul 28/20 Rain Sydney 19/04 Sunny Taipei 33/24 Fair Tokyo 29/19
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      Page 27 Miscellaneous Column 3
      42 27 ITOR.JONCS is UCLI V-4PfTi-I I flrr a CV*an,*G i*cvporteMBN«i» Srlttcn^inw£" D€.s< *ND sor*ou»d»mgs o DPSK "TrtP USUAL CAT 5 l—\CX <S NOT SUFFICIENT. j, r/V) 4S w~ "WKI SHOULD S l GS-T ne«. goimg 8457 "t C CVtWNO tTAHOAMO CO LTD Ifi-tm
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      1821 28 TODAY'S TV > 8.30 Mousercise. [|VJ I JOS' 9.00 Angkasapuri Children's ESHMUyUBaaHuiMHI^I *f- 10.00 The Bugs Bunny Show. Bunga Cinta Kasih, 3pm, Anne of Green Gables, 10.35 The Hallo Spencer Show. SBC S 12.30pm, SBC 11.00 Under The episode of Tree. puppy-love of a rich girl and talgic series has
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      533 28 movies on tv tu. Part lII* The Leff ky S 19tH CCn Ur l nOV^' ine uamwer ran m. ine Leg looks at humanity from the end Continues, Mon, spm, bewi i dered monster's views'*' point, from innocent childKenny Rogers and Bruce hood to savage, misplaced Boxleitner return in yet
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