The Business Times, 6 July 1991

Microfilm: NL17605
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 BUSINESS TIMES J MCI (P) 16/12/90 Weekend Edition, July 6-7 1991 75*
    12 words
  • NEWS & MARKETS SUMMARY
    • Article
      Dow higher
      45 1 THE US stockmarket was mixed in early trading yesterday in a slow session sandwiched between the July 4 Independence Day holiday and a weekend. The Dow Jones average of 30 industrials rose 6.49 to 2,941.19 at 10.30 in the first hour of trading.
      45 words
    • Article
      Footsie higher
      38 1 LONDON shares were narrowly higher at mid-day yesterday on mild optimism about interest rates and domestic politics. At 1100 GMT, the Financial Times-Stock Exchange 100-share index was up 8.9 points, or 0.36 per cent, at 2,478.3.
      38 words
    • Article
      US jobless rate hit 7pc in May
      55 1 WASHINGTON The unemployment rate climbed in June to 7.0 per cent from 6.9 per cent in May, the Labour Department said yesterday. It was the highest jobless rate since October 1986. Non-farm payrolls fell by 50,000, compared with a revised gain in May
      55 words
    • Article
      Japan's current account surplus
      57 1 TOKYO Japan's current account surplus is showing unmistakable signs of having entered a new widening trend after it jumped more than 200 per cent in May. The surplus on the unadjusted current account widened to U554.27 billion in May from a revised surplus of US$l.4O billion
      57 words
    • Article
      Khoo's last stand
      44 1 When gentlemen disagree, the conscquenccs could spell big trouble. Tan Sri Khoo Kay Peng is learning that after he spumed an initiative by IGB to settle amicably their longstanding misunderstanding. Result: a run on Tan Sri Khoo's MUI stock Page 3
      44 words
    • Article, Illustration
      STOCK INDICES
      28 1 Friday Change BT-MGA 705.49 +2.40 Kuala Lumpur ....608.04 +2.03 Tokyo 22,898.34 -237.27 Hongkong 3,892.71 +42.00 Sydney 1,536.2 +12.3 Thursday Change New York closed London 2,470.4 +22.2
      28 words
    • Article
      CURRENCIES
      22 1 Exchange rates USS S$ 1.7670 100 Yen S$ 1.2694 MS S$ 0.6324 Money market rates Overnight 5-1/16 +3/16 3-month 6% -5/16
      22 words
    • Article
      COMMODITIES
      37 1 London GoM AM fix USS370.25 US$0.85 Rubber S'pore Aug... 144.50*/kg +0.25 M'sia Aug 230.50*/kg unch KL Tin Turnover 33 tonnes -4 Spot MS 15.46/kg -0.03 Crude palm oil Turnover 2,002 lots +1.496 July MS810 /tonne +10
      37 words
  • Article
    Lock icon KL questions 59 over alleged insider trading
    478 1 They include brokers, lawyers, foreigners NST KUALA LUMPUR The Registrar of Companies (ROC) has questioned 59 people, including staff of stockbroking and accounting firms, lawyers and foreigners over alleged insider trading. More individuals are expected to be interviewed soon. An ROC official told
    NST  -  478 words
  • Article, Illustration
    HK's seaport, airport project good for region
    272 1  -  From Catherine Ong in HONGKONG HONGKONG'S HK$l27 billion (Ss3o billion) seaport and airport project, one of the biggest commercial deals in Asia, will boost economic prospects for the region in the coming years, analysts said. Unless Taiwan gets going with a proposed US$3O3
    272 words
  • Article
    HK market at year-high
    121 1 HONGKONG'S stock market soared yesterday, setting the year's high, on the news that an accord had finally been reached on the colony's mammoth airport project. The Hang Seng index, which had climbed sharply on Thursday on expectations of a Sino-British agreement, rose 42.00 points yesterday to
    121 words
  • Article
    SADE-DFS top bidder for liquor, tobacco concession
    251 1  -  By Hong Lee Tiam SADE-DFS has placed the highest bid of $2.9 million to $3.1 million for the lucrative liquor and tobacco concession at Changi Airport's Terminal 2, even though the monthly rental is about 40 per cent lower than what the company
    251 words
  • Article
    Lock icon Anwar warns of stern action
    177 1 Bernama KUALA LUMPUR Stem action will be taken against those involved in committing financial irregularities at BBMB Securities Sdn Bhd, Finance Minister Datuk Seri Anwar Ibrahim said yesterday. "I have made a firm stand that we will take action against all forms of wastage and
    Bernama  -  177 words
  • Article
    Citicorp cancels loan facility for Bentoel
    289 1  -  By Dawn Tan CITICORP International has cancelled a USssom loan facility for PT Bentoel, Indonesia's leading cigarette manufacturer and distributor, which is said to be facing liquidity problems. The financing deal, scheduled for signing on July 10, was pulled from the market by Citicorp
    289 words
  • Article
    Lock icon Operations of BCC units suspended
    195 1 Reuter LONDON The operations of Bank of Credit and Commerce International SA (BCCI SA) and Bank Of Credit and Commerce Overseas (BCCI Overseas) have been suspended with immediate effect, the Bank of England said yesterday. The action results from prima facie evidence of widespread fraud
    Reuter  -  195 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      115 1 Nikon ThoWfbrid'tFlnMt Photographic Sytom. Braving the Aircraft Schedule EL 11 Commodities 15 Company News 4 Cryptic Crossword EL 11 Financial News 5 Futures Options 14 Gold Prices 14 Home News 2 HK Tokyo Stocks 11 Interbank Forex Rates 14 KLSE 10 Money Changer Rates EL 11 Money Market 14 Regional
      115 words
    • Advertisement
      Page 1 Advertisements Column 2
      16 1 OPINIONS Role of distributors in COEs market. EL 2 Bankers in HK welcome accord, Pg 5
      16 words
    • Advertisement
      Page 1 Advertisements Column 3
      26 1 PURSUITS The businesss of bartending. EL 6 King Ralph: a succession of laughs. EL 6 Controversy nothing new to BBMB Securities and Bank Bumiputra, Pg 3
      26 words
    • Advertisement
      Page 1 Advertisements Column 4
      206 1 Nikon TheWbrtd'sßneel PhologupMc fyHm. pursuits Collecting Chinese ceramics. EL 7 JOBS Expert who provides corporate intelligence. EL 10 FINANCE San Teh gets good rating. EL 8 Asia-Pac carriers taking off again. EL 9 l Model No. BA3I.WT Legends have sought this watch. Napoleon. Wellington, too. And the crowned heads of
      206 words
Page thumbnail Page 2
  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        McIlwraith sells operations
        67 2 AUSTRALIAN shipping and coal group Mcllwraith McEacham Ltd announced yesterday that its Singapore unit has agreed to sell its freight operations in Singapore to local freight forwarder Freight Links Express Holdings Pte Ltd for an undisclosed sum. Mcllwraith said operations included in the transaction are the container
        67 words
      • Article
        A gift from the Swiss
        53 2 AS A SYMBOL of the friendship between Switzerland and Singapore, the Swiss community in Singapore presented the Botanic Gardens with the "Swiss Granite Ball Fountain" to commemorate the 700 th Anniversary of the Swiss Confederation. The Ball Fountain is sculptured by one of Switzerland's leading
        53 words
      • Article
        Seminar on office health
        42 2 AN Office Health and Productivity seminar will be held by the National Safety Council of Singapore on July 30. The focus of the seminar will be ergonomics and the workplace and ways of improving office health and productivity.
        42 words
    • Article
      Call to heed telecom needs in buildings
      227 2 DEVELOPERS ought to pay more attention to telecommunications needs in the construction of intelligent buildings (IBs), said a senior Telecom Equipment executive at the AP Buro conference yesterday. Mr Desmond Ee, senior manager of strategic planning and marketing, said in his speech that
      227 words
    • Article
      Daicel to start plants in S'pore, Taiwan
      279 2  -  Firm will also set up research laboratory here From Koichi Ishiyama in TOKYO DAICEL Chemical Industries, which yesterday announced a 5510.3 million investment to set up its First overseas research laboratory in Singapore, also plans to set up a plant in the Republic
      279 words
    • Article
      Investamatic to launch its Manila unit on Tuesday
      276 2  -  From Al O Labita Jr and Chew Eng Han TUESDAY'S launching in Manila of the wholly-owned subsidiary of Singapore-based Investamatic Pte Ltd, a research service firm, is expected to upgrade the level of sophistication in the Philippine securities industry. In an interview
      276 words
    • Article
      Entrepreneurs with vision and diligence win top awards
      284 2  -  By Carolyn Lim WORKING HARD to prove people wrong and having a vision seem to have spelt success for two award-winning entrepreneurs. Kimiko Kasuya, who defied talk of her business failing, and Alfred Wong, who is well on the way to realising
      284 words
    • Article, Illustration
      Civil service getting leaner
      338 2 THE GOAL of a leaner bureaucracy has succeeded beyond expectations with almost 20 per cent fewer in government service now than there were five years ago. Finance Minister Richard Hu said yesterday. Dr Hu said the government's Zero-Growth in Manpower policy will continue, with revised staffing
      338 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      537 2 Vend toy Ha Mfc fcwwl Pqwtoe VessH toy No Berth Arm* Pqartiie Marina Terminal 1 Truong Son 4/91 S03 alongside 08.07/0700 Batam Sayang *****1 M04 atongsrte 05.07/2300 Caraka JN31 04A/91 S01 «07/1700 0^07/2300 Batamindo 1 64S M01 alongsrie 05.07/1600 Lampung Jaya 7A/91 S04 06.07/0830 0 .07 2300
      537 words
    • Article
      CONTAINER SCHEDULE
      971 2 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Shp Voy No Etb/Btr Period From To From Ad Goncharo* ***** 08/1700 4 06/1200 06/1459 06/1700 Aha Bhum 504N 06/2245 1 05/1500 05/1659 05/1900 2 05/1700 06/0659 06/0900 Aha Bhum 505N 07/0600 2 05/1700 06/0659 06/0900 3
      971 words
    • Article
      IN MALAYSIAN PORTS
      260 2 Penang Port Berth in Butterworth on My 6: 1: Trans Fjord; 2: Thai Ho No 1; 3: Sri Arika, Hua He. 4: ml; 5: Melaka Bay: 6: Ice Bird. Penang Wharf: NB: Dewi Indah; CB: Ocean Pearl; SB: HMAS Adelaide BCT: Bl: Hua Quan; BD: Pacific Islander;
      260 words
Page thumbnail Page 3
  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Khoo Kay Peng's last stand
      702 3  -  From Salil Tripathi in KUALA LUMPUR WHEN GENTLEMEN disagree, the consequences could spell big trouble. Tan Sri Khoo Kay Peng is learning that after he spurned an initiative by IGB to settle amicably their longstanding misunderstanding. Result: a run on Tan Sri Khoo's MUI stock.
      702 words
    • Article
      Lock icon MBf's takeover of finance firm gets green light
      303 3 Bernama KUALA LUMPUR MBf Finance Bhd has been given approval to take over Kewangan Usahasama Makmur Bhd (Kumb), the finance firm which was formed to bail out 12 troubled deposittaking co-operatives in 1988, Finance Minister Anwar Ibrahim said yesterday. He added that
      Bernama  -  303 words
    • Article
      Controversy nothing new to BBMB Securities and Bank Bumiputra
      490 3  -  By William Chia CONTROVERSY is nothing new to Malaysian stockbroking house BBMB Securities and its parent Bank Bumiputra Malaysia Bhd, the country's second largest commercial bank. Bank Bumiputra, whose wholly-owned subsidiary BBMB Securities has just reported losses of Ms 72 million
      490 words
    • Article, Illustration
      World markets at vulnerable point
      554 3  -  MARKET TALK By Chew Eng Han RECENT performances of world stock markets have been rather disappointing. First, the Dow Jones Industrial Average raised hopes by cracking 3,000, but it soon fell flat after that. Then Japan cut its discount rate, and the Nikkei Average responded
      554 words
    • Article
      Monday hearing for claim against RDC
      248 3  -  By Lee Han Shih A $23 MILLION claim against listed Resources Development Corp (RDC), made before the governmentlinked quarry operator went public in early 1987, will come up for hearing in the High Court on Monday. RDC, in a statement yesterday, said it is
      248 words
    • Article
      Lock icon UAB agrees to reduce capital under merger plan
      299 3 Bernama KUALA LUMPUR United Asian Bank Bhd has agreed to undertake a capital reduction as recommended by Bank of Commerce Bhd in the proposed composite scheme of merger between the two banks. The proposed capital reduction will see UAB cancelling 60 sen
      Bernama  -  299 words
    • COMPANY BRIEFS
      • Article
        Khoo Teck Puat ups bank stake
        77 3 LONDON Standard Chartered pic said Malaysian businessman Tan Sri Khoo Teck Puat has raised his shareholding in the UK banking group by 2.22 million shares to 25.85 million shares. It said in a statement that Tan Sri Khoo's holding now amounted to an 11.05
        77 words
      • Article
        Holdings in Amcol cut
        42 3 SINGAPORE Amcol's substantial shareholder Keng Huee Chau has cut his stake at Amcol Holdings from 14.01 per cent to 12.9 per cent after selling 2.2 million shares at $1.79 per share yesterday. He now holds 25.57 million shares.
        42 words
      • Article
        Foreign stakes in S'pore Finance
        48 3 SINGAPORE Foreigners own and control 3.62 per cent of the issued capital of Singapore Finance as at June 30. This percentage included 1,287,696 shares held by shareholders whose nationalities it is unable to determine positively as they have not furnished the required information.
        48 words
      • Article
        Foreign stakes in HL Finance
        45 3 SINGAPORE Hong Leong Finance also announced that 4.89 per cent of the issued shares capital registered as at June 30 are beneficially owned or controlled by foreigners. This percentage includes 1,553,125 shares held by shareholders whose nationalities cannot be determined.
        45 words
    • Article
      DBS to launch unit trust to invest in US stocks
      267 3 A NEW open-ended new unit trust which allows investors to use as little as SSSOO to invest indirectly in US stocks will take off on Monday. In its latest newsletter Bankline, DBS Bank said its wholly-owned subsidiary, DBS Asset Management,
      267 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      31 3 The warrants table has been held over owing to pressure on space JULY 1991 MCKF) 159/7/90 $3.50 mjm®sM M AND HAVE MONEY <"*■ B^'- -<?', W<"-*~. V-y*B 2S3S£J get a rrae new ~^b
      31 words
Page thumbnail Page 4
  • REGIONAL /INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Air NZ announces its underwriters for issue
        118 4 AUCKLAND Air New Zealand Ltd said share brokers Buttle Wilson Ltd and CS First Boston NZ Securities Ltd are joint-lead underwriters in the airline's one-for-two cash issue. Air NZ said the rights would start trading on July 17 and end on Aug 13.
        118 words
      • Article
        BP finds new North Sea field
        81 4 LONDON British Petroleum yesterday announced a North Sea oil find of 130 million barrels located near three previous finds, some 30 km south-east of the huge Forties field, which brings the estimated reserves for the area to 660 million barrels. "Confirmation that Mungo is
        81 words
      • Article
        Never Nomura again: Tokyu
        64 4 TOKYO Tokyu Corp is unlikely to assign Nomura Securities Co Ltd as its lead manager next time it raises funds through equity financing, a spokesman for the Japanese railway company said. The Finance Ministry is investigating allegations, denied by Nomura, that the top brokerage drove up
        64 words
      • Article
        Perth-Mitsubishi trade pact
        87 4 PERTH The Western Australian government said it has signed a countertrade agreement with Japanese trading house Mitsubishi Corp worth Asl4o million (SslB9 million). Under the agreement, Mitsubishi will provide marketing assistance to Western Australian businesses to find and develop new foreign markets, the Western Australian government said.
        87 words
      • Article
        YW's Germany sales up 52pc
        70 4 BERLIN The German Volkswagen car manufacturer on Thursday reported a 52.3 per cent increase in the number of vehicles sold in Germany during the first half of the year. The company forecast that this would translate into a 13 per cent increase in consolidated sales
        70 words
      • Article
        No comment on rumours: FCL
        62 4 AUCKLAND Fletcher Challenge Ltd declined to comment on speculation it was negotiating to buy Cape Horn Methanol Ltd in Chile, one of the world's largest methanol producers. Chilean industry sources said FCL was expected to pay US$l5O million (*****.5 million) for Cape Horn Methanol, which
        62 words
    • Article, Illustration
      Lock icon Northwest joins race for a stake in Qantas
      416 4 Singapore Airlines among others in the running Reuter SYDNEY US carrier Northwest Airlines would consider buying, possibly through an Australian consortium, up to 35 per cent in the Australian international airline, Qantas Airways Ltd, its co-chairman said on Thursday. Mr A 1
      Reuter  -  416 words
    • Article
      Lock icon Hitachi is latest to be involved in Japan scandal
      547 4 NYT TOKYO Japan's biggest stock market scandal in years spread further on Thursday when Hitachi Ltd, one of the country's most prominent computer and electronics companies, was accused of receiving more than US$23 million (5541.1 million) in payments from Nomura Securities
      NYT  -  547 words
    • Article
      Lock icon San Miguel accord with bank illegal, says industrialist
      298 4 Reuter MANILA Industrialist Eduardo Cojuangco has questioned the legality of a compromise agreement between San Miguel Corp (SMC) and a Philippine commercial bank involving the disposition of 175.2 million SMC shares. He filed a motion with an anti-graft court to nullify the
      Reuter  -  298 words
    • Article
      Lock icon BHP seeking oil fields to replace Bass Straits
      526 4 Firm's current oil reserves will last 8.5 years Reuter MELBOURNE Faced with declining reserves, Australia's largest oil producer, the Broken Hill Pty Co Ltd, is looking overseas for the giant field it hopes will secure its supplies into the next century. BHP
      Reuter  -  526 words
    • Article, Illustration
      Lock icon Alan Bond's family company wound up
      194 4 Reuter SYDNEY Former tycoon Alan Bond's family company was wound up with debts of more than Asl billion (551.34 billion). Mr John Lord, of chartered accountants Duesburys, was appointed liquidator of Bond's privately owned DalIhold Investments Pty Ltd at a Federal Court hearing in
      Reuter  -  194 words
    • Article
      Lock icon No need to worry about govt stock trading: Hashimoto
      304 4 Reuter TOKYO Finance Minister Ryutaro Hashimoto said he is not worried about government agencies' involvement in stock trading because each of the agencies has entrusted its funds to more than one investment trust company. Mr Hashimoto told a news conference that
      Reuter  -  304 words
    • Article
      Lock icon Brent Walker gets approval to restructure
      239 4 Reuter LONDON Japanese creditors in the Brent Walker Group pic bank syndicate have approved the leisure company's proposals to restructure some £1.4 billion (554.2 billion) of debt, a banker close to the company said. "I think the Japanese banks are broadly in line," said
      Reuter  -  239 words
    • Article
      Lock icon SMH and VW to produce the Swatch Volkswagen
      295 4 IHT FRANKFURT SMH, the Swiss company that makes Swatch watches, and Volkswagen AG announced on Thursday that they are setting up a joint company to design a small, non-polluting, two-seat car. The "Swatch Volkswagen", as VW has nicknamed the model, would primarily
      IHT  -  295 words
Page thumbnail Page 5
  • FINANCIAL NEWS
    • Article
      Lock icon Bankers in HK welcome accord on new airport
      368 5 Many see pact as a major financing opportunity Reuter HONGKONG Bankers in Hongkong welcomed a SinoBritish agreement to go ahead with a new airport for the colony, seeing it as a major financing opportunity. For the state-owned Bank of China (BoC), the
      Reuter  -  368 words
    • Article
      Lock icon S. Korea to open money market wider
      149 5 AP SEOUL South Korea will open its money market wider to foreigners in the next five years, allowing them to buy local securities more easily, Finance Ministry officials said on Thursday. Under pressure from its trading partners, South Korea plans to open its
      AP  -  149 words
    • Article
      Lock icon Shanghai bourse aims for past glory but socialism still calls the shots
      564 5 Reuter SHANGHAI Millions Yang the premier stock investor here and perhaps in all of China felt it was the time to get out of the market. His instinct was right. China's communist government was about to intervene in
      Reuter  -  564 words
    • Article
      Lock icon Jardine to start fund for Asian stocks
      166 5 Reuter TOKYO Jardine Fleming Investment Management Ltd plans to set up and manage an open-type investment fund for Asian stocks, including those in Hongkong and Singapore, a company official said. The fund, which will initially manage five to 30 billion yen (Ss6 million
      Reuter  -  166 words
    • Article, Illustration
      US$ set to break through bullish triangle
      481 5 DBS Bank weekly currency review US$/DM: Target 1.8590 The US dollar broke through the resistance of 1,8235 to close above the trendline joining the highs of June 19 and 24 on Monday, completing a triangle pattern with a measuring objective of 1.8587. After
      481 words
    • Article
      Transpac wants to launch two more funds
      306 5  -  By Quak Hiang Whai FOLLOWING THE successful closing of its $70 million Transpac Ventures I, Singa-pore-based Transpac Ventures hopes to launch two more venture funds worth $80 million to $100 million next year. In an interview with BT yesterday, Transpac president Dr Christopher
      306 words
    • Article
      Asia-Pac is top market for Visa travellers cheques
      242 5  -  By Diana Oon THE BOOMING economies of the Asia Pacific continued to be biggest market for Visa International's travellers cheques in the first quarter of this year. Visa sold more than US$l billion (551.76 billion) in the region for the first three
      242 words
    • SMALL CHANGE
      • Article
        Thai firm signs US$20m term loan
        75 5 THAI-BASED Padaeng Poongsan Metals Company has signed a US$2O million term loan with a syndicate of Japanese, Korean and Singapore banks. Lead manager for the issue, which carries an interest rate of 0.75 per cent above Sibor, is Credit Bank of Japan (LTCB). Proceeds
        75 words
      • Article
        Confusion over Kuwaiti deals
        100 5 KUWAIT Confusion in the Kuwaiti banking system deepened on Thursday when it emerged that at least one load bank had settled its inter-bank obligations to other financial institutions in the country despite a last-minute central bank decision to postpone clearance of such deals. Burgan Bank, in
        100 words
      • Article
        Sanwa to pay penalty taxes
        96 5 TOKYO Japanese tax authorities have ordered S&nwa Bank Ltd to pay one billion yen (5512.9 million) in penalty taxes for failing to declare income of 1.9 billion yen, news reports said yesterday. The reports quoted regional tax authorities in Osaka as saying that Sanwa failed
        96 words
      • Article
        Seven Swiss banks to merge
        85 5 BIEL, Switzerland Seven Swiss savings banks said they planned to merge to create Switzerland's second-largest regional bank. The seven banks, which reported a combined balance sheet total of 4.6 billion Swiss francs (SSS.I billion) at the end of 1990, are Amtsersparniskasse Aarberg, Ersparniskasse Biel, Spar-
        85 words
      • Article
        ABN-Amro wholly owns EAB
        77 5 AMSTERDAM Dutch bank ABN-Amro Holding has acquired the 33.7 per cent stake it did not already own in European American Bancorp (EAB) bringing its shareholding in the New York-based commercial bank to 100 per cent, EAB said. "We are very pleased that ABN Amro has become
        77 words
      • Article
        Greece eases banking rules
        64 5 ATHENS The Bank of Greece has made a further step in liberalising the banking system by allowing commercial banks to offer loans on their own terms instead of the state's. Banks can now decide the interest and amount of funds they lend to companies and professionals
        64 words
    • Article
      Lock icon Japanese firms urged to reschedule issues of equity-linked bonds
      251 5 Reuter TOKYO Japan's Ministry of Finance (MOF) and securities firms here are pressuring Japanese companies to reschedule or reduce the size of upcoming equity-linked bond issues so that the already ailing Tokyo stock market will not be swamped by new supply.
      Reuter  -  251 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      102 5 LOST CERTIFICATES The following share certificates have been reported lost or mislaid > Company Certificate No. Shares Reqlttered Hojdw Metro Holdings Ltd *****72-B 192 Lim Kee Hock Hotel Properties Ltd *****02 1,000) *****03 750 Miss Theresa Chan *****04 250) *****9F 1,000 Miss Loh Kay Hiong Notice ts hereby given that
      102 words
    • Advertisement
      Page 5 Advertisements Column 2
      83 5 BRISBANE GOLD COAST PROPERTY INVESTMENT OPPORTUNITIES. Portfolio presentation In Singapore by visiting Australian representative. Broad selection of properties available. Many Australian properties have been heavily discounted in price and the opportunity is still available to buy in a down market, but good property buys are fast disappearing. Buy now to
      83 words
Page thumbnail Page 6
  • THE REGION
    • NOTE BOOK
      • Article
        Aussie inflation could fall further: Hawke
        99 6 SYDNEY Australian Prime Minister Bob Hawke said further falls in inflation are in prospect as the first signs of renewed activity and confidence in the economy are starting to emerge. "Emerging from this recession in 1991, Australia has low inflation in its grasp. The
        99 words
      • Article
        Canberra to fund training
        79 6 CANBERRA Australia will fund and take part in a fiveyear, Asls million programme of education and training in Indonesia. Junior Minister for Trade and Overseas Development Neal Blewett said on Thursday that the programme would focus on commerce studies in Indonesian polytechnics. It will be "a
        79 words
      • Article
        Tax blunder worsens deficit
        84 6 WELLINGTON The discovery by New Zealand's Inland Revenue Department (IRD) of a multi-million-dollar error in its accounting has worsened the government's fiscal deficit. The IRD yesterday acknowledged it had overstated revenue for the period from last July to March this year by NZ$239 million. Treasury figures
        84 words
      • Article
        Meetings on timber trade
        71 6 JAKARTA Indonesian timber companies' representatives and government officials are to hold talks with the Japanese government on July 10 to discuss the plywood trade between the two countries, likely to be the first in a series of regular meetings. Officials said yesterday that the one-day meeting
        71 words
      • Article
        M'sian wage reforms
        83 6 KUALA LUMPUR Malaysia should examine the wage systems of as many countries as possible before introducing reforms in its own system. Malaysian Labour Organisation's secretary-general K Sanmugam said yesterday that by adopting this approach, Malaysia would then obtain the positive features of all the wage systems to
        83 words
      • Article
        Manila prepares charges
        61 6 MANILA The Philippines is preparing tax fraud and other charges against former first lady Imelda Marcos in anticipation of her return in October. The chief government lawyer, Solicitor-General Francisco Chavez, said yesterday that three tax cases and at least six other graft, dollar-smuggling and other criminal charges
        61 words
    • Article
      Lock icon EC positive towards EAEG, seminar told
      420 6 Delegation head says economic cooperation possible Bernama PETALING JAYA The European Community is looking at the East Asian Economic Group (EAEG) in a positive way as it has always been in favour of regional co-operation, Albert Maes, head of delegation of the Commission of
      Bernama  -  420 words
    • Article
      Lock icon Anand urges compromise to solve trade dispute
      473 6 AFP BANGKOK Thailand's Prime Minister Anand Panyarachun has said he is confident that his country's dispute with the United States over unfair trading practices would be settled. But Mr Anand warned in a television interview yesterday that both countries would have to compromise
      AFP  -  473 words
    • Article
      Lock icon Philippines may be heading for depression
      197 6 AFP MANILA The Philippine economy could plunge into "instability and depression" because of Mount Pinatubo's eruption and mounting pressure for the government to scrap crucial revenue measures, Finance Secretary Jesus Estanislao said here on Thursday. Mr Estanislao told a business conference that volcanorehabilitation costs
      AFP  -  197 words
    • Article, Illustration
      Lock icon Kohl brings up human rights issue with Suharto
      310 6 Reuter BONN Chancellor Helmut Kohl welcomed Indonesian President Suharto to Germany on Thursday with pointed remarks on human rights and the environment. "Indonesia's joining the United Nations human rights commission is a decisive and forward-looking step," he said at an official lunch
      Reuter  -  310 words
    • Article, Illustration
      Lock icon Australian govt will not ease fiscal policy
      270 6 Reuter CANBERRA Australian Treasurer John Kerin said he would not be easing fiscal policy and that the market would determine any further falls in interest rates. "It's no time to down tools," Mr Kerin told reporters. "The fiscal stance is appropriate." Mr Kerin
      Reuter  -  270 words
    • Article
      Lock icon Vietnam in motor joint venture with Japanese, Koreans
      259 6 AFP HANOI Vietnam recently agreed with Japanese and South Korean partners to enter its first joint venture for the assembly of automobiles, the official Nhan Dan newspaper reported on Thursday. The general company of motorised and agricultural machines, a part of Vietnam's
      AFP  -  259 words
    • Article
      Lock icon Taiwan reaches fishery accord with Manila
      221 6 AFP TAIPEI Manila agreed on Thursday to allow Taiwan fishing boats to pass through Philippine waters after Taiwan pledged a range of aid worth tens of millions of dollars, a reliable source said. The fishery agreement, to be formally linked today, heads off a
      AFP  -  221 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      99 6 X >^>»x »X j^> Jf \*lr It could be a controversial deal between two stock 1/ market stars, a thought-provoking report by [*n( university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS
      99 words
Page thumbnail Page 7
  • THE WORLD
    • Article
      Lock icon European court rules against predatory pricing
      414 7 EC officials hail landmark judgment IHT BRUSSELS A landmark ruling by the European Court of Justice on predatory pricing will be a powerful tool against unfair competition in the airline industry and other sectors, EC commission officials said on Thursday. "Consumers and competitors must
      IHT  -  414 words
    • Article
      Lock icon IMF supports call for military cuts
      286 7 Reuter PARIS Industrial nations must back up proposed curbs on arms exports with tighter controls over the use of the financial aid they provide if they want to rein in military spending in developing countries, a new study says. The report, by the International
      Reuter  -  286 words
    • Article
      Lock icon IMF ready to help Indian govt: Camdessus
      352 7 Reuter WASHINGTON The head of the International Monetary Fund said the new Indian government fully understands the need for early action to revitalise its cashstrapped economy and the IMF stands ready to help. Michel Camdessus, the fund's managing director, said in a statement
      Reuter  -  352 words
    • Article
      Lock icon UK probes smuggling of nuclear-related material
      134 7 FT LONDON British customs have launched an investigation into the possible illegal export of sensitive computer material with nuclear application to Pakistan. The investigation, described as "highly sensitive" by a UK customs official, is in response to moves by the Norwegian authorities. It emerged
      FT  -  134 words
    • Article
      Lock icon West failed to estimate correctly E Europe transition costs
      270 7 AP WASHINGTON THE West underestimated the cost of the transformation to capitalism in central and eastern Europe by perhaps US$3 billion (Sss.l billion) a year through 1995, says a World Bank senior vice-president. The estimate reflects the gap between the anticipated
      AP  -  270 words
    • Article
      Lock icon Gorbachev to West: Don't force development model on us
      275 7 Reuter MOSCOW President Mikhail Gorbachev said on Thursday the West should not try to impose its model of development on the Soviet Union, Tass news agency reported. He told visiting Mexican President Carlos Salinas de Gortari that neither capitalism nor socialism
      Reuter  -  275 words
    • Article, Illustration
      Lock icon G7 ready to offer advice but no aid to Gorbachev
      498 7 Reuter LONDON Western leaders arc ready to offer Mikhail Gorbachev links to world finance agencics and advicc on reforming the Soviet economy, but will stop short of handing over huge cash aid when they meet him in London in mid-July.
      Reuter  -  498 words
    • WORLD WATCH
      • Article
        Mexico shores up patent, trademark laws
        111 7 MEXICO CITY Mexican law makers have approved sweeping measures to shore up the country's patenting and trademark laws whose loopholes have undermined investor security in Mexico for years. From the backstreet piracy of brand-name consumer items to government plundering of the ideas of local
        111 words
      • Article
        Taipei exports hit record
        101 7 TAIPEI Booming sales to China and political strife in South Korea helped to push Taiwan's exports to a record high in June, and growth is expected to continue, the Finance Ministry said. Taiwan's exports surged 30.8 per cent from a year earlier to a record US$6.B9
        101 words
      • Article
        Aids epidemic to level off
        97 7 WASHINGTON The rate of Aids infection will decline in. the next five years among the virus' traditional victims, but could rise sharply in the heterosexual population, the journal Science reported in its edition yesterday. A study by Johns Hopkins University biostatistics professor Ronald Brookmeyer showed
        97 words
      • Article
        Labour wins by-election
        122 7 LIVERPOOL Britain's opposition Labour Party won a by-election in Liverpool on Thursday, trouncing a candidate from its own former far-left grouping and demolishing the Conservative vote in the city, officials said. The result, giving Labour candidate Peter Kilfoyle a 6,850 majority in the 60,000-voter Walton constituency, showed
        122 words
      • Article
        Kuwait lays off foreigners
        102 7 KUWAIT Kuwait, declaring its oil-coffers had been depicted by the Gulf War, said on Thursday it was laying off thousands of non-Kuwaiti civil servants. "We don't have as much money as we used to," said Abdul Aziz al-Zeben, head of the civil service commission. "The government
        102 words
    • Article, Illustration
      And the army goes marching off
      38 7 Yugoslav Army soldiers marching next to their tanks as they pull out from their positions near Ljubljana airport on Thursday after a ceasefire agreement between Slovenia and the Yugoslav army was reached.
      38 words
    • Article
      Lock icon Yugoslavia faces oil shortage as credit dries up
      575 7 Reuter LONDON Yugoslavia, torn by nationalist tensions, is running dangerously low on petroleum as Western banks cut the credit lines that finance imports, oil traders said on Thursday. "There is no Western bank to guarantee credits as far as we know they
      Reuter  -  575 words
Page thumbnail Page 8
  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Activity centres around MUI, IGB and Idris
      4327 8  -  By Lilian Ang SHARE PRICES on the local market closed mixed yesterday as cautious investors continued to hug the sidelines, unwilling to take positions in the absence of strong leads from overseas bourses. Brokers said it was sideways trading most of the day,
      4,327 words
Page thumbnail Page 9
  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4078 9 Main Board DBS Foreign 1270 +20 +1.6% OUE 630 20 3.3% Semb Shipyard 660 +15 +2.3% Spore Bus 500 635 +15 2.4% Isetan 50* 630 +15 +2.4% Kings 213 +12 SIA Foreign 1850 +10 0.5% Jurong Ship 50* 850 +10 +1.2% Roth Inds 50« 540
    4,078 words
Page thumbnail Page 10
  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market finishes lower in active trading
      4170 10 Bernama SHARE PRICES on the Kuala Lumpur stock market closed easier in active trading yesterday as cautious investors decided to take profits ahead of the weekend. Support for index-linked counters, however, helped the K.LSE Composite Index close 2.03 points higher at 608.04 while the
      Bernama  -  4,170 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      40 10 l 111 l'i 1111HIII l'i'« II Hill ill 111 I He was a sex j allegation recently. M j weehftlider jk Looks at the case and J^R the issues raised. j^H B- *81 C 9B I I i Posed picture
      40 words
Page thumbnail Page 11
  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei closes below 23,000 for first time since January
      2224 11 Reuter TOKYO stocks ended easier yesterday, with the Nikkei Average closing below 23,000 points for the first time since January 16. Bargain-hunting had kept the Nikkei teetering on the edge for two days, but the unending trickle of small-lot sales on
      Reuter  -  2,224 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng index closes at year-high on airport news
      1922 11 Reuter HONGKONG STOCKS closed at a year-high yesterday on news that the new airport would go ahead although early gains were trimmed by heavy profit-taking across the board in the afternoon, brokers said. "The market is looking very healthy. Turnover was
      Reuter  -  1,922 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • REGIONAL STOCK MARKETS
    • Thai stocks rebound after 5-day plunge
      • Article
        BANGKOK
        569 12 MOST share prices on the Thai stock market moved in narrow ranges yesterday and the index rebounded slightly after a five-day plunge. The SET index ended 3.72 points higher at 716.29 on a thin turnover of 2.42 billion baht. Blue chips' prices ended mixed. Siam Cement lost four baht
        569 words
      • Article
        AUSTRALIA
        779 12 A LOWER-THAN-EXPECTED May current account deficit sparked a fresh wave of buying on the Australian share market yesterday. The week ended on a positive note. Trade was subdued until the 0130 GMT release of balance of payment figures showing the deficit fell to AsB33 •million in May unadjusted from
        779 words
      • Article
        Untitled
        80 12 Close Previous July 5 SYDNEY All Ordinaries Index 1,536.2 1.523.9 '^-3 All Industrials Index 2,355.2 2,341.8 All Resources Index 907.4 896.5 +10.9 Turnover (million) 68.9 70.2 *1.3 BANGKOK SET Index 716.29 712 57 +3.72 Turnover (million baht) 2,420 2,700 -280 JAKARTA Composite Index 341.78 342.85 -1.07 MANILA Composite Index 1.063.83
        80 words
      • Article
        MANILA
        540 12 MANILA'S stock market closed lower as the resignation of President Corazon Aquino's chief of staff stalled the upward momentum that has been building for the previous two days. The Manila Stock Exchange composite index lost 2.8 per cent or 30.34 points to settle at 1,063.83, with the listing of
        540 words
      • Article
        TAIPEI
        499 12 TAIWAN share prices finished slightly lower yesterday as most investors remained sidelined, waiting for a market trend to emerge, dealers said. The weighted index dropped 15.25 points to close at 5,591.96 from Thursday's 5,607.21 finish. Turnover continued very thin at NTS 18.5 billion against NTS 18.2 billion on Thursday.
        499 words
      • Article
        SEOUL
        758 12 SEOUL shares rebounded strongly in active trading yesterday as investor sen- timent improved on hopes that tight won liquidity was starting to ease, brokers said. The composite index rose 11.21 points to close at 614.58 with volume reaching the highest level this week at 13.7 million shares from Thursday's
        758 words
      • Article
        Untitled
        339 12 la local cancacy la S$ la US$ day year day year day year Jaly 4 lade* chaage chaay cfaaage cfcaay cfcaay cfcaa»c World 397.7 -0.1 11.1 -0.7 6.1 -0.4 4.4 fEAFE 513.8 -0.5 9.3 -0.9 0.8 -0.7 -0.8 Europe 422.3 0.4 15.9 -0.3 -2.8 0.0 -4.3 Pacific 817.4 -1.2 4.4
        339 words
      • Article
        NEW ZEALAND
        128 12 NEW ZEALAND shares ended the week on a high note on moderate turnover and brokers are mildly optimistic about their longer-term prospects. The Barclays index closed 10.40 points higher at 1,473.16, fractionally below its high for the week, set on Tuesday. John Rowley of Buttle Wilson said the
        128 words
      • Article
        BOMBAY
        109 12 BOMBAY shares fell on widespread profit-taking on Thursday after the Reserve Bank of India (RBI) raised lending rates, brokers said. The Bombay Stock Exchange index fell 14.21 points to 1,298.66. The national index lost 5.03 to 636.63. The RBI raised the base lending rate from 17 per cent to
        109 words
      • Article
        Untitled
        705 12 Jakarta July 5 Rupiah VolCOO) Abda 2IOO Ahap Insurance 4000 Alumindo Perkasa U 3500 300 45 Aqua Golden Missisip 9600 Argo Pantes 6950 100 5 Aster Jawa 1750 unch 50 Astra Graphia ***** Astra Int'l Inc ***** 100 385 Asuransi Bintang 7650 Asuransi Dayin Mitra 7000 Asuransi Jiwa Panin *****
        705 words
  • Page 12 Advertisements
Page thumbnail Page 13
  • WORLD STOCK MARKETS
    • Talk of rate cut props up UK shares
      • Article, Illustration
        LONDON
        986 13 UK SHARES moved ahead gently in light trading on Thursday to catch up with higher FTSE futures while continued talk about the possibility of a base rate cut further underpinned sentiment, dealers said. The FTSE 100 ended 22.2 points up at 2,470.4, just below the day's high of 2,470.8
        986 words
      • Article
        FRANKFURT
        448 13 GERMAN SHARES closed steady on Thursday after a slack session dominated by arbitrage-related action. Positive company news and steady German economic data helped the market shoulder sharply lower closes on Wall Street on Wednesday and in Tokyo on Thursday, dealers said. Steady German bond prices also put a floor
        448 words
      • Article
        Untitled
        75 13 July 4 Close Prrrioos NEW YORK Dow Jones dosed 2,934.70 NYSE Financial dosed 147.39 SAP 500 dosed 373.33 Turnover (million) dosed 140.6 L0HP0H Financial Times 30 1,904.8 1,894.9 +9.9 FTSE 100 2,470.4 2,448.2 22.2 Turnover (million) 352.8 459.0 -106.2 AMSTERDAM CBS Tendency Index 92.6 92.4 +0.2 FRANKFURT DAX Index 1,616.11
        75 words
      • Article
        AMSTERDAM
        354 13 DUTCH SHARES on Thursday ended only marginally changed from opening levels, left rudderless by Wall Street's absence for the Independence Day holi-. day and a local summer torpor, dealers said. "Many people are making a long weekend out of this. There are 250 people on the bourse floor normally,
        354 words
      • Article
        BRUSSELS
        190 13 BELGIAN SHARES closed slightly higher in light trading on the first day of the new forward account. The Bel 20 index of leading shares closed at 1,154.98, up 2.38 points or 0.21 per cent. Volume was a moderate 624 million francs. Sellers seemed to be out of the market,
        190 words
      • Article
        JOHANNESBURG
        369 13 SHARE PRICES in Johannesburg held on to Wednesday's gains in quiet and featureless trading on Thursday, with resilient world gold prices and prospects that more sanctions against South Africa may be lifted soon, continuing to buoy the market, dealers said. No fresh news emerged to stimulate the market. The
        369 words
      • Article
        TORONTO
        246 13 TORONTO STOCKS edged slightly higher in late trade to dose firm in sk>w trade, dealers said. Lack of news and the Independence Day holiday in the US inspired many market players .to leave the trading floors for the baseball stadium and the golf links, they added. The TSE-300 index
        246 words
      • Article
        MILAN
        185 13 ITALIAN SHARES closed slightly weaker in thin trading on Thursday, with early hopes of a rally following Wednesday's sharp fall dissipating by midsession. "There was plenty of promise at the beginning, but it didn't follow through," one trader noted. The market lost much of its steam after Fiat shares
        185 words
      • Article
        PARIS
        237 13 FRENCH share prices erased all their early gains to close at a four-month low on Thursday in line with a downward drift on the bond market. Traders said weak bond prices accentuated continuing concern over high interest rates. The CAC-40 index ended at 1,708.05, down 9.97 points or 0.58
        237 words
      • Article
        ZURICH
        211 13 SWISS SHARES closed slightly higher on Thursday in lacklustre trading, with stocks rebounding largely for technical reasons after Wednesday's losses, brokers said. The all-share SPI index added 3.4 points to 1,102.0 and the SMI index of leading shares rose 5.5 points to 1,684.1. Zurich Jaty 4 F™** Alusuisse Br
        211 words
      • Article, Illustration
        Untitled
        924 13 New York July 3 US$ ATT 36 4/8 Aetna Life 411/8 7/8 Alcan Aluminium 20 4/8 1/8 Allegheny Int 39 7/8 5/8 Allied Products 6 2/8 +2/8 Allied Signal 34 5/8 Amax 23 3/8 1/8 Amber Brands 40 2/8 7/8 Amer Cyanamid 65 4/8 -2 Amer Elec Pwr 28 3/8
        924 words
      • Article
        Untitled
        45 13 Vienna Jaly 4 A** Akg Holding 4800 190 E Allgem (Pref) 3440 unch Jungbunzl 9470 +120 Laenderbank (Pref 618 +2 Lenzing 1431 5 Leykam 459 7 Montana Oesterr Brau 4290 4- 30 Semperit 111 3 Steyr 391 7 Veitscber 631 4- 21 Source: Austrian Laenderbank
        45 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      78 13 You may have bean unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
      78 words
Page thumbnail Page 14
  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon Greenback strengthens in Tokyo ahead of US jobs data
      1208 14 REPORTS Reuter ASIA Tokyo: The US dollar closed firmer in Tokyo as dealers waited for the release of June US jobs data at 1230 GMT. Dollar/yen trade was stagnant throughout the day. "The market might change all together depending on the
      Reuter  -  1,208 words
    • Article
      INTERBANK FOREX RATES
      390 14 Cross rates myj US$ S$ MS Dm Yen SFr AS NZS USS 1.7695 2.7940 1.8370 139.20 0.6242 1.5855 1.3123 1.7637 SS 0.5651 1.5790 1.0381 0.7867 0.3528 0.8960 0.7416 0.9967 MS 0.3579 63.33 0.6575 0.4982 0.2234 0.5675 0.4697 0.6312 Dm 0.5444 0.9633 1.5210 75.78 0.3398 0.8631 0.7144 0.9601
      390 words
    • Article
      MONEY MARKET
      521 14 Interbank rates 3 Bid Offer Overnight 5 1/16 5 3/16 -month 5 7/8 6 2-month 5 15/16 6 1/16 3-month 6 6 1/8 Overnight mode: 5-1/8 LSI Bid Offtr 7 days 5 15/16 6 1/16 1 month 6 6 1/8 2 months 6 6 1/8 3 months 6
      521 words
    • Article
      Lock icon Prolonged slump may hit German bond market
      470 14 Reuter FRANKFURT Rising inflation and the possibility of changcs in German tax policy have prompted worries that a prolonged slump may be in store for the German bond market. Bond market analysts, who earlier this year had expected yields to be nearing their
      Reuter  -  470 words
    • Article
      FINANCIAL FUTURES
      1134 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Sep 91 93.55 9156 9155 9155 2735 ***** 3742 Dec 91 92.99 92.99 92.97 92.98 1130 ***** 2719 Mar 92 92.85 92.87 92.84 92.87 528 8700 658 Jun 92 92.42 92.43 92.41 92.43 310 1500 488 Sep 92
      1,134 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • COMMODITIES
    • Article
      Lock icon Oil market may tighten in winter
      395 15 Reuter PARIS World oil supplies could tighten this winter if forecasts of economic recovery in the US prove correct. International Energy Agency statistics released on Thursday showed. "Definitely it is potentially tight," said one official at the Paris-based lEA, which monitors the oil market
      Reuter  -  395 words
    • Article
      Lock icon No breakthrough expected at Brazil-Colombia coffee talks
      352 15 Reuter NEW YORK A meeting between Brazilian and Colombian coffee sector leaders, set for the second anniversary of the suspension of international export quotas, is not expected to result in any breakthroughs, traders said on Wednesday. Industry officials plan to meet in Bogota
      Reuter  -  352 words
    • Article
      Gold ends higher in HK on late overseas demand
      818 15 REPORTS GOLD closed firmer in Hongkong, nudged up by better silver prices, but dealers said trade was otherwise generally quiet yesterday. Late overseas buying offset earlier Japanese selling and boosted gold to a day high of U*****.50/371.00 an ounce. Bullion ended
      818 words
  • Article
    PRICES
    1390 15 Rubber j u i y s MS («*> hi > Scents/kg Noon Close Int I RSS Prompt I43.75/I44.75N 143.50/144 50N Int 1 RSS Aug 91 144.75/145.25 144.50/145.00 Int I RSS Sep 146.00/146.50 145.75/146 25 Int 2 RSS OP 143 00/145 00N 143.00/145 OON Int 3 RSS OP I41.5G/143.50N I41.50/I43.50N
    1,390 words
  • Page 15 Advertisements
Page thumbnail Page 16
  • Article, Illustration
    S'pore starts international arbitration centre
    510 16  -  It is chaired by AG and has backing of EDB and TDB By Schutz Lee A SINGAPORE International Arbitration Centre has been set up a timely move as Singapore continues to see an increase in business activities and in the number of multinationals setting up
    510 words
  • Article
    Lock icon India unveils plan to reform its trade
    231 16 UPI NEW DELHI The government has unveiled a trade plan to reform India's exports and imports, suspending cash subsidies to exporters, allowing free trade of import licences and proposing to make the rupee fully convertible over the next few years. The reforms were
    UPI  -  231 words
  • Article
    Lock icon Guidelines on offshore loans
    116 16 AFP JAKARTA Indonesia's central bank plans to issue guidelines for offshore loans taken by the private sector which have soared at an alarming rate in the past year, the official Antara news agency said yesterday. The authorities are to set guidelines, including maximum interest rates to
    AFP  -  116 words
  • Article
    Govt scheme to spot, groom public officers
    453 16  -  By Anna Teo THE GOVERNMENT has put in place a scheme to identify and groom promising public officers for key positions in the public sector, Prime Minister Goh Chok Tong announced last night. The Corps of Senior Administrator (CSA) scheme launched last year
    453 words
  • Article
    Lock icon IBM, Siemens team up to produce chips
    538 16 NYT PARIS In its second major alliance in two days, International Business Machines Corp said on Thursday that it had agreed with the German electronics giant, Siemens AG, to build a US$7OO million (SSI.2 billion) factory in France that will produce the world's
    NYT  -  538 words
  • Article, Illustration
    Lock icon Taking off to do a deal
    54 16 A TRADER on the floor of the Hongkong Stock Exchange clambering over his colleagues yesterday to get to his seat. The Hang Seng index closed 42 points higher at a year's high of 3892.71 on news that the colony's airport project would go through.
    Reuter photo  -  54 words
  • Article
    CPF plans to build 9-storey office building in Tampines
    349 16 THE Central Provident Fund (CPF) is proposing to build a nine-storey office building in Tampines which has been earmarked by the government as the likely site for a low-rise, high-technology financial park. Provisional permission has been given by the Urban Redevelopment
    349 words
  • Article
    PSA denies levying higher terminal charges
    396 16 THE PORT of Singapore Authority has refuted a suggestion by shipping lines plying the intra-Asia sector that it was among Asian ports which have been levying higher terminal charges. In a statement on Wednesday, the PSA said it has been reducing its tariffs and
    396 words
  • Article
    S'pore shippers blast freight rate hike by 18 lines
    259 16 LOCAL SHIPPERS have launched a stinging attack on the decision by 18 shipping lines to impose higher freight rates for intra-Asian trade from July 15. The Singapore National Shippers' Council (SNSC), in a statement yesterday, described the grouping as a "near-monopoly
    259 words
  • Article
    Lock icon Boosting economic growth
    93 16 Bernama KUALA LUMPUR Malaysian and Thai defence leaders yesterday suggested the joint general border committee turn its attention towards enhancing economic development of the area now that the communist threat at the common border is over. The calls were made by Defence Minister Datuk Sen Mohamed Najib
    Bernama  -  93 words
  • Article
    Lock icon Malaysian trade deficit increases
    205 16 Reuter KUALA LUMPUR Malaysia's trade deficit widened to M 51.64 billion (S$ 1.05 billion) in April from M 51.14 billion in March and compared with a surplus of M 584.2 million in April 1990, the Statistics Department said. Exports for April fell to M 56.54 billion
    Reuter  -  205 words
  • Page 16 Advertisements
Page thumbnail Page 17
  • Executive Lifestyle
    • Article, Illustration
      Lock icon Braving the banana republics
      1503 17  -  Coups, guerillas, cigarettes and sailing have all played their part in the life of Julian Charles Dixon Manning. Harish Mehta meets the new chairman of British-American Tobacco Company (S'pore) Ltd Harish Mehta AFRICAN coups, Central American guerillas, and Hurricane Fifi have pursued him in the course
      Photos by Chris Loh  -  1,503 words
    • STRAWS IN THE WIND
      • Article
        Backing its packs
        86 17 A KOREAN manufacturer certainly believes in standing behind its products. The label on one of its backpacks says: "After two decades of intense technical development of materials, Newsun offer two special guarantees For products made in Korea the term of the guarantee is the lifetime of the
        86 words
      • Article
        Nature of sharing
        41 17 AN ASTUTE colleague has noticed a new spirit of co-op-eration among Asean member countries. A volcano erupts in the Philippines and Asean members share the ash. There is an earthquake in Sumatra, and Singapore too feels the jitters.
        41 words
      • Article
        Exclusively yours
        58 17 The HPL card, being proudly touted by Hotel Properties as a card that can't get you cash and is not widely accepted, is so exclusive that it won't even accept itself when it comes to paying membership fees. It costs $300 to join, and you can use your
        58 words
      • Article
        This won't wash
        38 17 A REPORTER called a hotel and asked to speak to someone in Public Relations. The receptionist connected him to the laundry. The reporter wondered if they prefered not to wash their dirty linen in public.
        38 words
    • OPINIONS
      • Article, Illustration
        The distributor effect on COEs
        1118 18  -  Selva Kumar says the big role distributors play in COE pricing has not been factored into the transferability debate Selva Kumar The writer is a BT journalist FREE Certificate of Entitlements (COEs) for early customers. Guaranteed COE prices when you place your order regardless of
        1,118 words
      • Article
        Environmentalism has its own tripwires
        1015 18  -  True, environmental hype is sometimes overdone, but Nirmal Ghosh asks: does that mean we should avoid hard solutions? Nirmal Ghosh The writer is a HT journalist ONE OF THE major international sore spots today happens to be an environmental issue: global warming. The world is
        1,015 words
      • Article
        Handle with care, lah — Singlish being used
        728 18  - Handle with care, lah Singlish being used Stacey Marcus and Nuala Slansky caution against miscommunication in the global marketplace Stacey Marcus and Nuala Slansky The writers are lecturers at the Nanyang Technological University ENGLISH, of course, is the international language of business. The Japanese use it when negotiating contracts with
        728 words
      • Article
        Wrong figure given on SIA foreign shares ownership
        330 18  -  LETTERS TO THE EDITOR Rick Clements Manager, Public Affairs Singapore Airlines I REFER to the article "SIA survives Gulf War with flying colours" by Ms Loretta McLaughlan (BT, June 29/30). In the second last paragraph. Ms McLaughlan refers to the level of
        330 words
      • Article
        Give a cheque instead
        39 18  -  S Rajagopalan I THINK Singapore Airlines shareholders will gladly forego the pleasure of receiving their beautiful annual report for a cheque for the cost of producing it. Environmentally too, it will be a good idea.
        39 words
    • SPORTS
      • Article, Illustration
        Lock icon No picnic for the Americans
        540 19 Wimbledon AP WIMBLEDON Jim Courier was overpowered. Jennifer Capriati and Mary Joe Fernandez lost quickly. David Wheaton played poorly but won. Andre Agassi hobbled to defeat. Wimbledon's Centre Court was no picnic for five Americans on their Independence Day. A Thursday that had started with
        AP  -  540 words
      • Article
        Lock icon Wimbledon snippets
        396 19 UPI DUTCH mixed doubles duo Michiel Schapers and Brenda Schultz set two new records for the longest international mixed doubles match, when they downed Tom Nijssen and Andrea Temesvari 6-3, 5-7, 29-27 in a first round match on Wednesday. The totals of 77 games in the match and
        UPI  -  396 words
      • Article, Illustration
        Lock icon Disappointment for Capriati
        339 19 UPI WIMBLEDON Jennifer Capriati, the American teenager who has re-written the record books, may have missed out on a victory in real terms when she lost to Gabriela Sabatini in the semifinals of the US$6.5 million Wimbledon championships on Thursday. But she was a winner in just
        UPI  -  339 words
      • SIDE LINES
        • Article
          W Samoa unbeaten in netball tournament
          40 19 SYDNEY Western Samoa, seeded 19 among 20 competing nations, was undefeated after three matches on Thursday, day four of the two-week-long netball championships here. The South Pacific nation was drawn to play Malaysia yesterday.
          40 words
        • Article
          Swedish boy makes golf history
          98 19 STOCKHOLM Mattias Herrstrom, a 12-year-old Swedish boy, has made history by hitting two holes-in-one in the same round on an 18-hole golf course. Herrstrom's aces came during a youth competition on Wednesday on the Osterlen golf course, a seaside links near Simrishamn in southern Sweden,
          98 words
        • Article
          Floyd shares first-round lead
          88 19 LEMONT, Illinois Veteran Raymond Floyd chipped in from 20-feet for a 12th hole birdie to earn a share of the first round lead with three other golfers at the US$l million Western Open golf tournament on Thursday. Floyd, in his 30th year on the US Golf
          88 words
        • Article
          Holmes set for comeback
          81 19 HOUSTON Larry Holmes is ready to wage his second comeback fight in Houston if a suitable site can be found, his promoter was quoted as saying. "Larry has passed the state's medical exams with flying colours," promoter Jason Schlessinger told the Houston Chronicle. "We're negotiating with
          81 words
        • Article
          Scotsman in Monte Carlo lead
          95 19 MONACO Sandy Stephen, a little-known Scotsman who has missed the cut in 12 of 14 tournaments this season, shot a 7-under-par 62 on Thursday to take the secondround lead by three strokes at the U*****,000 Monte Carlo Open. Stephen's 36-hole total of 11-under-par 127 was
          95 words
      • Article
        Lock icon Tiebreaker creator dies
        400 19 AP NEWPORT, Rhode Island James Van Alen, who helped modernise tennis by introducing the tiebreaker, died on Wednesday after falling off a terrace at his home. He was 88. Van Alen's wife, Candace, said his vision was impaired and he apparently didn't see the one-metre drop off
        AP  -  400 words
      • Article, Illustration
        Lock icon Tour de France: top cyclists in the running
        488 19 AP LYON, France The Tour de France starts today in Lyon and continues through July 28 in Paris. Here are the profiles of some of the favourites in this premier cycling event: Greg LeMond, United States (Z-Team, 30 years old). The three-time
        AP  -  488 words
      • Article, Illustration
        Lock icon Magny-Cours gears up for first French Grand Prix
        549 19 Reuter MAGNY-COURS, France The attention of the motor racing world will focus on the tiny village of MagnyCours in central France tomorrow when it hosts the French Grand Prix for the first time. Once a family track created in the *****, the
        Reuter  -  549 words
    • EPICURE
      • Article, Illustration
        For the discerning diner
        444 20  -  Salil Tripathi Salil Tripathi checks out the new menu at Truffles IN AN environment where the smells of nasi lemak, murtabak and chicken rice predominate, it is sometimes refreshing to escape to islands of continental food. We did precisely that when we took off to check
        444 words
    • LIFESTYLE
      • Article, Illustration
        Rewards for hard labour
        820 21  -  Claire Leow discovers that The Body Shop seems to have thought of it all for the modern mother and her baby Claire Leow WHAT appeals to the modern working woman educated, confident and with a mind of her own? She supports animal protection policies, has gone
        820 words
      • Article, Illustration
        Full Circle in the right shape for its big break
        424 21  -  Jennifer Lien profiles an up-and-coming group of singing yuppies, who have many things in common Jennifer Lien WHEN a group of singing yuppies get together, you get this uncanny feeling that they might just form a barbershop quartet or something.
        424 words
      • Article, Illustration
        Sterling defence
        434 21  -  BRIDGE By Sybil Holloway BOLD BIDDING by Lionel Wright and Malcolm Mayer of New Zealand (East/West) and an ill-timed conventional bid by South on Board 12 in the second session of the team event at the 1991 Far East Bridge Championships pinpointed the correct defence against a cold
        434 words
    • PURSUITS 1
      • Article, Illustration
        Lock icon Shaking off the bad press
        577 22  -  Today's bartenders have to work hard to develop their image and professionalism, IBA president Umberto Caselli tells Shoeb Kagda Shoeb Kagda CONTRARY to popular belief, there is more to being a bartender than looking like Tom Cruise or Ted Danson. With bartending linked to generally
        Photos by Arthur Lee  -  577 words
      • Article, Illustration
        A succession of laughs and little else
        521 22  -  Jesse Boone recommends King Ralph as the movie to watch if you feel like vegetating sometime this month Jesse Boone YOU were out late last night. You're tired, and you want some mindless nonsense to feed your brain with. Look no further King
        521 words
      • Article, Illustration
        Lifted from a private journal
        639 22  -  CD Review By RINGO LIEW DEACON BLUE: Fellow Hooligans Like England's Prefab Sprout, Scotland's Deacon Blue is a master of subverting the trappings of mainstream pop to fit its brand of cynical, romantic and personal music. Those who prefer songs with regulated syllables and with
        639 words
      • Article, Illustration
        Match-made marriage in hot water
        653 22  -  Despite having all the right ingredients, Wayne Wang's Eat a Bowl of Tea ends up as a rather weak brew, observes Jaime Ee Jaime Ee CHINA has its Silk Route, Wayne Wang has his tea route, and both of them are equally long and winding.
        653 words
      • Article, Illustration
        Collectibles from China's cultural past
        1003 23 It's not the kind of simple hobby that many take up, but the collecting of Chinese ceramics is alive and well in Singapore UNLIKE keeping bonsais or rearing goldfish, collecting ceramics is slightly more profitable, but a tad more risky. In the field of Chinese
        1,003 words
      • Article, Illustration
        Time for the third three
        593 23 The new BMW 3-series has finally hit Singapore roads. Samuel Ee reminisces about its lineage before peering closer at the real thing WEDNESDAY night at the Khameleon and for once, not everybody's attention was fixed on some outlandishlydressed exhibitionist vogueing on the dance floor. After
        593 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          URA land sale: who's old, who's new
          296 24  -  Compiled by Lee Han Shih THERE IS reallv nothing like a Urban Redevelopment Authority land sale to flush out the new property players and those who return to the fray after a period of absence. The Ng Teng Fongs, the Hong Leongs and
          296 words
        • Article
          Iron fist in velvet glove
          127 24 FROM Ngiam Tong Dow to a group of high-level civil servants yesterday: "(The management accounting system for civil servants) is not developed so that the Budget Division can keep tab on how efficient or inefficient your organisation has been, although it is a good means
          127 words
        • Article
          Testing an age-old assumption
          138 24 WE HEAR that a government-owned company which has just started flexing its muscles in the property market has a theory that goes something like this: There is really no difference in the prices of condominiums with 99-year leases and those with freehold titles. It is all
          138 words
      • Article, Illustration
        A good past, a bright future
        908 24  -  Analysts rate San Teh a good buy, especially for the long term. Claire Leow has the details JTOO^, Claire Leow AS T U R D Y growth record and good prospects have given San Teh Ltd, the only stock to be listed on Sesdaq
        908 words
      • Article, Illustration
        Lock icon Mighty dollar may peak soon
        935 24  -  Chew Eng Han presents the outlook for major currencies Chew Eng Han Dollar bulls seem to be charging with even more conviction as political and economic developments pile up in their favour. Growing signs of life in the US economy, coupled with the unsettling crisis
        Chart by TeleTrac  -  935 words
      • Article, Illustration
        Positive long-term trend stays intact
        443 24  -  CHART By Najeeb Jarhom The writer is research manager of Fraser Roach Co THE 6 per cent correction on the Straits Times Industrials Index (STII) from its 1991 high of 1,565 on June 3 to Thursday's close of 1,470 is the biggest this year, but
        443 words
      • Article, Illustration
        Lock icon Asia-Pacific carriers taking off again
        813 25  -  Prospects are getting brighter for Asia-Pacific carriers, according to Kay Hian James Capel, which is particularly keen on Singapore Airlines and Catnay Pacific. Magdalene Ng reports Magdalene Ng THE GULF crisis. No one wants to travel. Revenues shrank. Fuel costs shot up. Insurance costs skyrocketed.
        Source: Kay Hian James Capel Industry Review  -  813 words
      • Article, Illustration
        Lock icon Chartists see bright outlook for major markets later in the year
        813 25 Global stocks expected to fall in the coming weeks Reuter A BRIGHT outlook later in the year, but overcast for the time being. So say chartists of the world's stock markets. "We have probably seen the low in London.
        Reuter  -  813 words
      • Article, Illustration
        Bonuses for life: how they differ
        645 25  -  Is the reversionary bonus you get from your life insurance policy a real good bonus? Diana Oon describes the various types of reversionary bonuses available in the market Diana Oon Everybody loves a bonus, and reversionary bonuses are no different. Life insurance policies offering
        645 words
    • JOBS
      • Article, Illustration
        Lock icon Expert intelligence
        1038 26  -  If you need hard information of the corporate kind, you can't go wrong seeking out the services of someone like James Maxwell. Harish Mehta talks to the Vice-President and South-east Asian Director of Business International Harish Mehta YOU CAN'T quite summon the CIA or the KGB to handle
        Photo by Chris Loh  -  1,038 words
      • Article
        Lock icon Good news for Japanese women
        324 26 Asahi SOME Japanese companies are setting up new positions for women who want the chance to perform the same duties as their male colleagues but don't want to be transferred. Until 1986, when Japan's Equal Employment Opportunity Law went into effect, most Japanese women were
        Asahi  -  324 words
      • Article
        Hiring expats: not as costly as it seems
        949 26  -  Rose Andersen shows how local senior staff are better off than expatriates with a bit of creative investing Rose Andersen The writer is a partner in R Andersen and Partners, a Singapore-based executive search firm. CONTRARY to wide-ly-held belief, the difference in
        949 words
      • Article, Illustration
        EXECUTIVE MOVES
        293 26 Mr Paul H Dudson has been appointed to the Board of Directors of Rothmans Industries Ltd. He is currently a Director of Financial Operations in the Tobacco Division of Rothmans International pic. He has served the Rothmans Group for 10 years. Mr Peter Tsang Yiu Kin has been
        293 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1107 27 City Flight ETA night ETD City Flight ETA Flight ETD MM QF8i 1820 SQ227 2200 SQ109 1405 MH641 1315 2200 MH642 1450 SQ110 1445 RJ183 0030 MH609 1625 SQ112 1545 rrr™ MH644 1650 MH631 1610 Amsterdam KL837 1255 KU338 2240 SQm 1705 MH610 1715 52® MH/SQ671
      1,107 words
    • THE TRAVEL PAGE
      • Article, Illustration
        Thrilling skyshow for millions
        710 27  -  LETTER FROM HAWAII By William Harwood Touching down in the Pacific Ocean, the moon's shadow will race across Hawaii on Thursday (July II), plunging thousands of spectators and a battery of world-class telescopes into darkness to kick off one of the most spectacular solar eclipses in
        710 words
      • Article
        MONEY CHANGER RATES
        152 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.343 1.363 Canadian dollar 1.533 1.563 NZ dollar 0.9900 1.020 Sterling pound 2.8200 2.850 US dollar 1.7650 1.7750 Local dollars to 100 uiits of foreiga currency Austrian schilling 13.50 14.50
        152 words
      • TRAVEL SLICES
        • Article
          American runs five New York-London flights
          165 27 STARTING this month, American Airlines is operating five daily non-stop flights between New York and London. American began three flights a day between Kennedy International and Heathrow in London and one flight a day on the NewarkHeathrow route on July 1. On July 20,
          165 words
        • Article
          New Beverly Hills hotel
          170 27 THE Peninsula Beverly Hills, the first hotel to be built in the city limits of Beverly Hills in more than 20 years, is sched- uled to open on Aug 8 at Wilshire and Santa Monica Boulevards. Consisting of 200 rooms, including 32 suites in the main
          170 words
        • Article
          Round-the-clock golf
          98 27 A NEW golf course that can be played 24 hours a day in the height of summer is opening in August on the border between Sweden and Finland. The Green Zone course, said to be the northernmost 18-hole course in the world, is near the Arctic Circle in
          98 words
      • Article
        WORLD TRADE EXHIBITIONS
        304 27 Duration Title Venue Organiser Tel Duration T.tle V«ue Td July 2-6 International Buenos Aires CAMIDA-Industr- *****1820 Sep 1-4 International Netherlands Koninklijke *****5591 Exhibition of lal Chamber of Furniture Fair Nederlandse Sport wart Sport ware A Jaaibeun Accessories Accessories FurT1Iture Helsinki. The Finnish Fair *****5091 July 14-21 Exhibition
        304 words
    • TIME OFF
      • Article
        THEATRE
        183 28 That Classical Stuff?? The personalities of SBC's Radio 5 will be putting up a series of audio-visual presentations on the joys of classics. The three presentations planned for July are part of the Ministry of Information and the Arts' National Music Festival. Ang Mo Kio Branch Library, July 11
        183 words
      • Article, Illustration
        EXHIBITIONS
        287 28  -  Compiled by K Jayanti The Wog and The Wok Expressive paintings showing the cultural varieties and nuances of Eastern and Western Art Allan Art Galleries, 1 Scotts Rd #02-11, Shaw Centre (Ground floor, along Claymore Hill). July 12-28. I lam7pm (Mon-Sat), llam-4pm (Sun) Alkaff Collections The collection comprises Dutch
        287 words
    • Article, Illustration
      CINEMA
      739 28 Cinema Paradise. When an old film projectionist is blinded in an accident, the young boy who's always hanging around him takes over and learns for himself that life is not always reel. A loving portrayal of smalltown Italian life of the '20s and '30s. Last days, so make it
      739 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      346 17 r bn 24-hour "Loan Information Service Approval" H3|3 4 3 5 8 8 *wi§: ;f v m r 1 '13 3 4 3 6 8 8 j J*' ißMliiiliiii 1 Today, one watch reigns supreme. ri rfc k%^ v*' V*Tl i rm- -.I at L L jjA^eMH r T >•
      346 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      26 18 BT welcomes letters from you. Address them to: The Editor, Business Times, Times House, 390 Kim Seng Road, Spore 0923. Letters should include your contact numbers.
      26 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      44 18 DOONESBURY BY GARRY TRUDEAU MAAM.ItTW, SHOU) YOUUHY H aim/ that'* THAT'S W THE KURDS ARB SO T&WFISP. W...ANP THIS IS ONB FROM I HOUJ DOES H6 CLAIMS THIS ISANOFHCJAC MAP OF 1990. AS YOU CAN S£E>, HUN- I \i SAPPAM FX- THZVIUA6&> W&5 TYPOS
      44 words
Page thumbnail Page 19
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      205 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE •k IiVVX f i vtimttKKKKSSS^^ GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 6.00 PM. HAPPY HOUR fir DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00
      205 words
    • Advertisement
      Page 20 Advertisements Column 2
      306 20 ouimeGs 1 "cAHFORNU^uisiNr"\J J TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN 1 BUFFET J BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ r fIV BAND TO PUT YOU IN A MERRY MORNING "1/ MOOD. EVEN A LEGO PLAYGROUND 1 NEXT DOOR FOR THE SMALL ONES. I BRUNCH AT
      306 words
    • Advertisement
      Page 20 Advertisements Column 3
      343 20 Why worry about breakfast or lunch on Enjoy a l3zy Sunday morning? Come down Th# rinj- cf or brunch with your whole family and feast on a delectable spread of hot Cantonese-Tnal dishes, soups, appetizers and J Buffet Brunch desserts, all prepared to I N In Town TtJ lease discerning
      343 words
    • Advertisement
      Page 20 Advertisements Column 4
      223 20 Nfij Just imagine. Thirty glorious days to savour our mm super Swiss spread. With over 60 traditional KM favourites, you might just go on eating forever! IfiKjl We serve the world to you at The Belvedere. QH BBS Swiss Buffet Lunch Noon 2.30 pm July 1 31 HWI Adult: $36++
      223 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      203 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 $19+ A ANA HOTEL SINGAPORE There's Nothing Set About Our Set Menus. At
      203 words
    • Advertisement
      Page 21 Advertisements Column 2
      192 21 H SUNDAY M I BRUNCH R (S7 for children under 12) MARINA BAY COLF COUNTRY CLUB 6 MARINA CREEN SINGAPORE 0101. FOR RESERVATIONS PLEASECAIJ. 221 2811/322 4221 T -trm W r RIMSKY-KORBAKOV La coq d or Sadko CSR OrdM*«rm ulifi m Omdrvj Laaurd IS >3Lieil?* RIMSKYKORSAKOV C ~~~Scheberazade/Lc Gxj dOr
      192 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      179 23 W• lv "The shopping around here is great. What would you like me to .iW model for you? \V» "Just the diamond earrings V win S'.i I*l person (appraumately Per night on Twin sharing basis. From H Hong Kong shopping trip starts with a m bargain. Hvan Regency Hong Kong's
      179 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      189 24 JOIN US IN THE BT INVESTMENT RACE CONTEST. WEIL GIVE YOU$l 00/OOOTO START THE BALL ROLLINGYes. The race is on. To pit your money-making skills and instincts against other financially-minded Business Times readers. You will be required to play the market with a $100,000 capital base. The rule of the
      189 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      476 25 EXPRESS SHARE LOAN The eaAiat way of turning shares into tatJi t&e Point* FREE GIFTS* Quick and Easy. Get instant cash for your shares —J over the counter at any of our 28 branches 7 1 Sotfc Bemy Martin XO (scf) Loans from $2,000 to $50,000 t IS 1 bode
      476 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      243 26 BUSINESS T 1 M E S TELEPHONE: 730-3771/3772/3773 > FAX: 734-4982 INTERNATIONAL STOCKBROKING We are a dynamic and growing regional stockbroking and financial services group, active in Asian equity markets. Our clients are major international fund managers and financial institutions. INSTITUTIONAL SALES We intend to expand our sales team by
      243 words
    • Advertisement
      Page 26 Advertisements Column 2
      162 26 DHL IN THE NEWS Advertisement DHLS PLANNED DISTRIBUTION STREAMLINES DELIVERIES DHL has gone beyond own warehousing facility. On speed parts and materials just meeting the urgent delivery another level, DHLcan provide direct from just one central needs of business, and is companies with a break-bulk warehouse. actually helping companies facility
      162 words
Page thumbnail Page 27
  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      149 27 very soft fruit 28 Deal with unknown con- g Making a great effort us- not right to be dishonest tract (6) ing a sieve (9) (6) 29 Silver mourned and was p s^e j OO became a distressed (9) bone-setter (9) YESTERDAY'S SOLUTION 15 One gets messages from a^Mg[ posters
      149 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      169 27 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 13/05 Fair Bangkok 32/24 Showers Beijing 31/22 Tstorm Brunei 31/23 Showers Hongkong 32/25 Sunny Jakarta 31/23 Showers Kuala Lumpur 31/25 Showers Manila 32/25 Fair Melbourne 18/13 Sunny Perth 17/11 Cloudy Seoul 31/23 Fair Sydney 21/11 Sunny Taipei 27/23 Windy Tokyo 28/22 Cloudy Wellington 16/07
      169 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      41 27 TvOO UTTUL PICKS/ 6.KDS SiTHNG ON A L6D&&) XvfTprKW'. J MPmer> R£G. J \^y. rr y FL.Y AVJK/ PC-T£R Fu/ AWA>Y e^G I IOORX'^G or via. npNe pi&eoN P<e. with X"Y\\ nege.... v ypTST Q4fcg C EVENING STANDARD CO. LTD.. IW2-IWI
      41 words
Page thumbnail Page 28
  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      1818 28 TODAY'S TV ■ninMH Majaiiah Youth —lli i^— Spook* Family, Success, "The Adventurer.". s## Y U Pr 10 00pm, SBC 12 111 jki «i I 5.30 C.O.R.S.K A ghost-buster finds that love Almost the business world's Jltf*. jPf i/t ,W 5.55 Today In History. doesn come at first bite Lifestyles of
      1,818 words
    • Miscellaneous
      Page 28 Miscellaneous Column 2
      488 28 MOVIES ON TV Oliver Twist, Mon, Bpm, A 1953 British comedy set in $BC 12 the 1890s. A tyrannical bootThe horrific Victorian slum maker becomes harassed and life is tellingly retold by Da- henpecked when his wife and vid Lean. One of the finest daughter decide they have Dickens adaptations
      488 words