The Business Times, 26 August 1989

Microfilm: NL16694
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, August 26-27 1989 75 CENTS
    12 words
  • Article
    Lock icon Soviets turning to Seoul for ship-repairs
    178 1 AP THE SOVIET UNION has turned to South Korea for ship-repairs in Asia, shifting away from Singapore and Japan, industry officials said in Seoul yesterday. They said that South Korean shipyards had repaired some 36 Soviet ships and earned US$55 million since the end
    AP  -  178 words
  • Article
    Nixdorf, Wang posts good growth locally
    527 1  -  PARENT COMPANIES DOING BADLY IN EUROPE AND US By JEFFREY TSANG COMPUTER companies Nixdorf and Wang may be doing badly and reporting huge losses, but their Singapore and regional operations are still reporting good growth. Nixdorf. the West German computer group, has reported a
    527 words
  • Article, Illustration
    Asahi plans to pump in another $300m for expansion in Tuas
    411 1 BARELY MONTHS after its $300 million plant went into operation, Japanese television panel maker Asahi Techno Vision (ATV) is already making plans for another investment of about $300 million. Though the time-frame for. the expansion has not been decided
    411 words
  • Article
    Plans for Bideford land not materially affected: UIC
    493 1  -  By ELAINE KOH UNITED INDUSTRIAL Corporation said that the withdrawal of an in-principle approval by the authorities for its Bideford Road property has not materially affected the group's plans for the land. This was because UIC had no intention of developing the
    493 words
  • Article
    President Wee expected to be re-elected
    293 1 PARLIAMENT is expected to reelect President Wee Kim Wee to a second four-year term when it sits on Thursday. Prime Minister Lee Kuan Yew will move in Parliament the reelection of President Wee, who turns 74 in November. His term of office is due
    293 words
  • Article, Illustration
    Dow-inspired gains on Asian markets fizzle out
    329 1 WALL STREET'S overnight 56point surge to an all-time closing high sparked off early gains on regional bourses yesterday but prices were pulled back by prof-it-taking. In Singapore, share prices rebounded in the afternoon to close mixed after profit-taking alternated with bargain hunting. The
    329 words
  • Article
    FINANCIAL NEWS SUMMARY
    157 1 Stock Indices FiMoy ST Industrials Index 1355.18 (-2.08 tT ComportH Index *****6 (-2.72 NST Industrial Index (-0J) UV I fm nang o#ny v*o#x (+177) e_l A loiryo nnc*#» avstoq# *****.93 (-4662) Sydney AJI On^ t < fei 1,76*3 (+17.1) New York (Dow Jones) 56J2) London (FT 30
    157 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      254 1 Nikon Tn# mKW I rintti rfKHOflilpnH# oyswm. The days of lollipop religion Page Two Gotham in the flesh Breast-feeding: more food for thought Page Four Zubin Mehta music's missionary Page Six A passion for dolls Page Seven The HK factor on prices myth or reality Bull cycle ageing Page Nine
      254 words
    • Advertisement
      Page 1 Advertisements Column 2
      253 1 likon M 3 FuH report, PAGE Regional mite. PAGE 10 World marfceta, PAGE 11 Dow: Charging bull or oorToctton?, PAGE NME HISTORY IN TIME t MS® K 50 a M 4 f v r 1 V "J Planetarium Copernicus, handmade in 18 ct gold, individually numbered, sapphire crystal, water resistant
      253 words
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  • HOME NEWS
    • Article
      Singapore's success story is unique: author
      463 2  -  ROLE OF GOVERNMENT CRUCIAL By TAN KEE WEE ANY developing country wishing to repeat Singapore's spectacular economic success of the past 25 years, using the prescriptions of current economic theories, would be at a loss to do so. This is because Singapore's success is
      463 words
    • Article, Illustration
      SCI in talks to buy building in Depot Close
      401 2  -  By JAYARAM MENON PRINTED CIRCUIT board assemblies maker SCI Manufacturing is negotiating to buy the entire building where it now occupies four floors. The seven-storey building in Depot Close is owned by Jurong Town Corporation which has quoted a figure of
      401 words
    • Article, Illustration
      Fortune lays groundwork for Pacific Rim issue
      338 2  -  By GENEVIEVE CUA FORTUNE magazine, probably best known for its two annual rankings of the top 500 American and other corporations, is laying the groundwork for a special edition on the Pacific Rim where Singapore is expected to figure prominently, among other countries.
      338 words
    • Article
      Clan bodies need to expand scope of activities to attract youths
      245 2 CLAN associations will stand the test of time and stay relevant only if they expand the scope of their activities to attract more youth members. In this way, they will be able to fulfil their role of preserving the
      245 words
    • Article
      Scholarship fund to be launched for architecture students
      197 2 BUILDING products manufacturer John Lysaght (SEA) has teamed up with the Singapore Institute of Architects to start a $80,000 scholarship fund for architecture students of the National University of Singapore. The scheme, the first by a private sector company for the School
      197 words
    • Article
      Time now ripe to trade with and invest in Nigeria, says representative
      377 2 THE DRUM beat of trade and investment was heard loud and clear when Nigeria tapped out its message at the Singapore Manufacturers' Association yesterday. Now is the time to do business with the West African country because it
      377 words
    • Article
      300 vehicles in requisition drill
      194 2 SOME 300 heavy vehicles belonging to 170 owners were yesterday involved in the army's first open civil resources requisition practice. Code names were announced via the electronic media as is the practice when reservist personnel are mobilised. All owners of civil resources are required to
      194 words
  • Article
    SHIPS IN PORT
    2161 2 AT CONVENTIONAL WHARVES v Voy Ho Barth Arrival Daparlura Kappal Wl April Gl lurvn 21 i KI9 25.08/ 1700 Cot* 17 K34 okx^ud# 2808/0600 Dwyuwiiofl 2m 00 okytgsxto 3108/ 230(7 G Hcvw ym K29 ok>ngs«d« 2608, 1500 Jwtcfcong 5IW K35 QIOAQM}* 01:09/ 2300 Koto kriKV I5E/89 K3I
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      270 2 Qlobal temperatures and weather conditions on Aug 24 City MamJ Note CO Amslecdom 19/11 Cloudy Alhans 36/25 Clear Auckland 19/11 Cloudy Bahrain 41/30 Clear Bangkok 33/26 Clear Barbados 30/25 Cloudy M«nfl 27/16 Clear Beirut 33/23 Cloar Belgrade 29/19 Clear Berlin 19/11 Cloudy Bermuda 31/24 Cloudy Bogota 18/04 Cloudy Brisbane 18/08
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  • FOREIGN NEWS
    • Article, Illustration
      Lock icon Chatichai to urge Aussie cooperation during visit
      395 3 AFP THAI Prime Minister Chatichai Choonhavan is to call on Australia to join hands with Thailand in developing Indochina during his visit to Australia next week. A statement from the Prime Minister's Office yesterday said that Australian Prime Minister Bob Hawke and Mr
      AFP  -  395 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1030 3 ARRIVALS Operator Sorvlc* number Local tlmo From MAS MH75A 0035 KUl MA SQ011 0040 LAX/NRT MAS MH601 0130 KUL CAL 0333 0405 TPE SIA SQ401 0555 CMS S1A SQ409 0610 MAA MAU MK746 0725 MRU StA SQ023 0755 AMS/80M JED/RUH SVA SV398 0835 KAL KE624 0840 KUL
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    • Article
      Lock icon Jakarta to lift ban on state TV advertising
      184 3 AFP THE INDONESIAN government plans to lift an eight-year-old ban on commercial advertising over the state-owned television TVRI. Information Minister Harmoko has said that the state television will be allowed to broadcast selected commercial advertising by its 28th anniversary in August next
      AFP  -  184 words
    • Article
      Lock icon Bhutto urges foreign investors to take part in privatisation plan
      290 3 AFP PAKISTAN'S Prime Minister Benazir Bhutto has invited foreign investors to take advantage of her government's major privatisation policy and participate in projects particularly related to energy and power generation. Pakistan is "an attractive place for foreign investors not only
      AFP  -  290 words
    • Article
      Lock icon Comic may be Makati mayor
      116 3 AFP A POPULAR comedian known for off-colour and slapstick humour may soon find himself the mayor of the Philippines' finance capital, Manila officials said yesterday. Augusto Pangan. known as Chiquito to millions of movie fans, automatically became vice-mayor of Makati when President Corazon Aquino accepted
      AFP  -  116 words
    • Article
      Lock icon Green card goes pink to beat blackguards
      390 3 NYT. AP THE "GREEN CARD", which hasn't actually been green for years, is taking on a further change in colour and other characteristics, largely as part of a US government effort to stem a black market in alien certification. The US Immigration and
      NYT.; AP  -  390 words
    • Article
      Lock icon Suharto to open first Asean polyol plant
      165 3 Bernama-Antara PRESIDENT Suharto of Indonesia will inaugurate the first polyol plant in Asean today. The polyol plant is operated by PT Gema Polytama Kimia, a joint venture between PT Gema Supra Abadi, a private company, and Arco Chemical Co of the US. The
      Bernama-Antara  -  165 words
    • Article
      Lock icon Japan's economy continues uptrend for 33rd month
      303 3 AFP THE JAPANESE economy continued its uptrend for 33 months in a row through August, mainly helped by robust domestic demand, the Economic Planning Agency said yesterday. The agency, in its monthly economic report, said strong domestic demand, bolstered by brisk personal spending
      AFP  -  303 words
    • Article
      Lock icon Foreigners account for 79.3pc of investments in Malaysia
      292 3 Bernama FOREIGN ENTERPRISES accounted for 79.3 per cent or M 51.83 billion of the proposed equity investment in Malaysia in the first half of this year. Steven C M Wong, senior analyst at the Institute of Strategic and International Studies (Isis), told
      Bernama  -  292 words
    • Article
      Lock icon Inter-bloc trade dependence growing
      233 3 AFP THE TOTAL exports of all nations rose 14 per cent in 1988, while major economic blocs increased their dependence on each other, the Japan External Trade Organisation (Jetro) said on Thursday. Worldwide exports have expanded continuously since 1986 and the trend was continuing this year,
      AFP  -  233 words
    • Article
      Lock icon Japanese defence agency asks for budget of four trillion yen
      354 3 AFP JAPAN'S Defence Agency announced yesterday a 4.168 trillion yen (U5529.77 billion) proposed budget for fiscal 1990, including funding to develop a controversial US-Japanese jet fighter. The budget, the first over the four-trillion yen mark, was up 6.35 per cent
      AFP  -  354 words
    • Article
      Lock icon Asia urged to share US defence costs
      253 3 Reuter JAPAN, South Korea and other Asian nations will have to increase financial support for US forces in their countries if they want those troops to remain, a House Armed Services Committee member said on Thursday. "The days of the US paying for
      Reuter  -  253 words
    • Article
      Lock icon Japanese group allowed to visit Kurile islands
      168 3 AFP MOSCOW made a small goodwill gesture this week by letting a Japanese group visit the Kurile islands, still the key obstacle in improving ties with Tokyo 44 years after being occupied by the Soviets. A group of 46 Japanese set sail on
      AFP  -  168 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      57 3 Doonesbury ON BEHALF OF THE REPUBLICAN MRTi, WUKB TO THANK YOU FOR. YOUR PAST SUPPORT, MR. AMBASSADOR DESIGNATE! DENMARK ISNT JUST GAINING A BUSH CAMPAIGN SUPPORTER THEY'RE GETTING A DEAR FRJENP OF THE ADMIHISTRA TIONi K w /m BY GARRY TRUDEAU Acnmxi GAVE *100,000 JO THZDEMOCRATS,TOO. JUST IN case.u&ve BEENPYIN6
      57 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Hongkong to issue bills against Exchange Fund
      310 4 MOVE TO GAIN BETTER CONTROL OVER MONEY MARKET AFP THE HONGKONG government plans to issue bills against the Exchange Fund by December to give it better control over the money market, the financial secretary has said. Sir Piers Jacobs said on Thursday the
      AFP  -  310 words
    • Article
      Lock icon Bundesbank expected to raise rates this autumn
      311 4 IHT THE WEST GERMAN Bundesbank left its key lending rates unchanged on Thursday, but analysts said that a rate increase this autumn was a growing possibility. The discount rate was left at 5 per cent and the Lombard rate at 7 per cent.
      IHT  -  311 words
    • Article
      Forex markets
      1441 4 SINGAPORE: Trading was quiet ahead of weekend as the market lacked fresh impetus to push the US dollar either way. Dealers were waiting for next week's release of US economic data for direction. Against the local dollar, the US unit rose to a high of 1.9740 on large
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    • Article, Illustration
      Lock icon Portfolio managers underweighting holdings of yen-dominated securities
      327 4 FT INTERNATIONAL bond portfolio managers have taken a dim view of prospects for yen-denominated securities and are underweighting their holdings, according to a recent survey by Merrill Lynch. Mr Michael Rosenberg, manager of international fixed income research at Merrill, said current reluctance to
      FT  -  327 words
    • Article
      Asian dollar market
      271 4 ASIAN DOLLAR deposit rates closed little changed from the opening levels, with trading generally quiet in the afternoon on a lack of fresh factors, dealers said. Term rates were steady to slightly lower at the outset, partly on firmer US bond prices and a good demand for
      271 words
    • Article
      Simex
      508 4 SEPTEMBER EURODOLLAR futures yesterday opened 2 ticks higher than the previous Simex close at 91.20 following good demand for the one-year note auction. Trading was extremely quiet in the absence of fresh factors. The September Eurodollar contract traded in a narrow range of 91.20 to 91.22 before settling at
      508 words
    • Article
      Comex gold/silver futures
      176 4 Gold futures on August 24, 1989 100 troy ounces; USS per troy ounce Opon Htgfl Low Sotto Aug 344.70 345.00 343.50 344.50 -1.30 345.00 -1.30 Oct 347.00 348.00 345.50 344.80 -1.30 Ooc 371.30 371.50 349.30 370.60 -1.30 Feb 90 373.50 374.10 373.50 374.30 1.30 Apr 377.00 378.00
      176 words
    • Article
      Money markets
      59 4 THE overnight rate on the Singapore money market closed 1/8 point higher at 5-1/4 per cent yesterday. Term rates were all unchanged. S$ Interbank rates at the close yesterday; OfW MO 0»«rnlg* S 1/4 3 1/8 1-Mrtk S 1/4 9 1/S 2-moirti 5 1/4 5 1/S 3 mmtk
      59 words
    • Article
      Lock icon IMM
      287 4 Reuter IMM CURRENCY FUTURES finished mixed on Thursday. But key contracts erased most of their losses as traders covered short positions when the dollar ran into resistance. An expected rise in West German interest rates did not materialise as the Bundesbank left credit policies unchanged at its meeting early
      Reuter  -  287 words
    • Article
      Government Securities Market
      107 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFER HKX LOW 3 months RQ8983W 23.11.89 4.23 4.18 6 months 6S*****V 18.01.90 4.17 4.12 1 yeor SY*****F 24.05.90 4.30 4.25 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate RIO OFFER HIGH
      107 words
    • Article, Illustration
      World interest rates
      173 4 Indicates th# iv#ngi of th# prim# landing rates oI 12 major banks In Slngapors Interbank market rates (offer/bid) on Aug 25 uss DM SWFC Yen 7 4my* 1 7/1 14 1/1 14 7-6 7/1 7 1/1-7 1/1 1 7/16 1/16 f 17/1 14 13 7/1 7 1/16
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    • Article
      Options
      621 4 CURRENCY FUTURES OPTIONS Friday, August 25, 1989 DEUTSCHE MARK (StMEX) I 1 la Sao tap High 88 pull 1 JMM 52 9011 116 53 200 54 296 JAPANESE YEN (SIMEX) < 1 1 to ••P 88 puto 71 Sao 26 High Law Safl 72 234 73 327 75 525
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      161 5 A STRANGER HAS AN ACCIDENT, YOU FOOT THE BILL. THAT'S CRAZY. Until now, motor insurance in Singapore has tended to favour the guilty party: The more accidents he has, the more your premium goes up. At Citicorp we're changing all that, by bringing in a policy that's actually fair. If
      161 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Congress plans move to make Fed more accountable
      563 6 BILL SEEKS TO FORCE FED TO SHARE SOME POWER NYT FOR THE first time since the early 1980s, the US Congress is considering sweeping legislation to force the US Federal Reserve to shed some of its secrecy and be more accountable to
      NYT  -  563 words
    • Article
      Lock icon Kleinwort Benson sells Australian unit to Security Pacific
      230 6 FT KLEINWORT Benson, the UK merchant bank, has unexpectedly sold its Australian subsidiary to Security Pacific Australia, part of the Los Angeles-based international banking group. The sale, for about As2o million, was described on Thursday as a strategic decision, the consequence of
      FT  -  230 words
    • Article
      Lock icon KL union, consumer bodies to fight plan to raise bank levies
      262 6 Bernama TWO ORGANISATIONS will send a joint protest memorandum to the Malaysian Finance Miniatry and Bank Negara on the Association of Banks Malaysia's proposal to levy more charges on their customers. The Malaysian Trades Union Congress (MTUC) and the
      Bernama  -  262 words
    • Article
      Lock icon KL allows merchant banks to invest in manufacturing
      229 6 Bernama MERCHANT BANKS will be allowed to invest in manufacturing enterprises, provided these investments do not exceed 5 per cent of the hanks' paid-up capital and published reserves or 10 per cent of the companies' paid-up capital, whichever is lower, Bank Negara
      Bernama  -  229 words
    • Article
      Lock icon Taiwan's money supply falls to 50-month low
      124 6 Reuter TAIWAN'S M-1B money supply growth rat* hit a 50-month low, rising s seasonally adjusted 7.02 per cent year-on-year in July after slowing to 7.6 per cent year-on-year in June, the Central Bank said. M-18, comprising cash in circulation plus depoeits in current
      Reuter  -  124 words
    • Article
      Indon textile firm taps Asian Dollar Market for US$13.2m
      209 6  -  *V QUAK HIANG WHAI INDONESIAN composite textile mill, PT Five Star Industries, is tapping the Asian Dollar Market through a 22.4 million Swiss francs (US$l3.2 million) credit facility. The proceeds from the loan, signed here yesterday, will be used to refinance
      209 words
  • COMMODITIES
    • Article
      Rubber
      287 6 SINGAPORE: Rubber prices closed quietly steady, with September 1 RSS buyer quoted at 168.00 cents a kg, unchanged from Thursday's close. Dealers said the market remained quiet in the afternoon, with prices rising slightly on some covering interest of nearby poeitions in thin trade. On the TSR-20 Award market,
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    • Article
      KL Tin
      145 6 SMALL OFFERMG by miners saw the Kuala Lumpur Tin Market price gain two sen. Id dose at MS22.IS a kg yesterday, brokers said. Thursday's fall on the London Metal Exchange ifiiyH to dlecourago sentiment ee bids opened at M tonnes versus often of 41, they seld. The KLTM
      145 words
    • Article
      Lock icon Crude Oil and Products
      145 6 Telerate FUEL OIL prices were largely unchanged from the previous day's levels. Dealings were scattered, with market sentiment still bearish on the back of cargo availabilities and weak demand. A refiner bought a 30,000 mt CST-180 cargo at $85 mt cif Sing for loading in first
      Telerate  -  145 words
    • Article
      Lock icon Soybean
      302 6 Reuter CBOT SOYBEAN futures closed mostly lower on Thursday on recent rains and forecasts for more in the US Midwest traders said. Like Wedneeday, a mid-morning rally failed to hold becauae of a lack of bullish news. With solid technical resistance seen above Wednesday's highs, and the market unable
      Reuter  -  302 words
    • Article
      Produce Prices
      194 6 Chinese Produce API FOB NSW 225.00 (USS/mmw. FOB). Exchange AP2 FOB NSW 0(1 FOB NSW 175.00 190.00 White Rice 400 370 365 Sellers' noon doting prices on August 25 (S$/100 kg) Rotousto 20/25% FOB NSW 150.00 100% 1* dam 100% 2nd dam 100% Vd dam 5% Coconut oil
      194 words
    • Article
      Palm Oil
      559 6 Total'o/p as at 1100 hr* 6105 contracts. Tumovort 1326 lots. Market ton* SMghtty Stoodior MALAYSIAN CRUDE PALM OIL FUTURES (CPO) futures on the Kuala Lumpur Commodity Exchange (KLCE) closed firmer yesterday, helped by short-cover-ing activities ahead of the weekend and lack of sellers. Dealers said strong buying support
      559 words
    • Article
      RAS and MRELB
      295 6 RAS prices mse* Iila/fc0. FO< B In bat** NOON CLOSE Bvy*n f-M JWWI* 8wy*n f-M In* 1 RSS Prompt 167 JO 168 JON 168.00 169.00N bit 1 RSS S*p 167 JO 168JO 168.00 169.00 bit 1 RSS Oct 170JO 171 JO ***** 171.73 Int 2 RSS Of
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    • Article
      SSR and SMR
      79 6 SEPTEMBER 1989 OCTOBER 1989 (current month) (forword month) RAS NOON C II— j#iwn NOON Iwwi Stltn SSI 30 '52 00 154.00N 153.00 I55.00N SS* 30 150 00 152.00N 151.00 153.00N MRELB by*n S^Wo k|Wi SMt cv 215.50 317.50N 317J0 319J0N SMI I 216.50 318.50N 318.50 220.50N SMI
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    • Article
      London markets
      255 6 London Polmoil M'sion/Sumotro crude (8370/8390) Commodity Exchange OF UK/Rotterdam Sep/Oct 315pd M'sion RBD FOB 3-mon*« 8360/8400 (8520/***** 8250 (8390) Sola* (575) Buyer/Seller dosing prices Sep/Oct 290 Lead on Aug 24 (£/tonne unless Nov/Jan 292.5sir Cosh 446/447 (450/451) specified). Previous closing M'sion RBD Olein FOB prices in parenthesis. Sep/Oct
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    • Article
      Precious Metals
      357 6 HONGKONG: Gold ended easier in moderate trade yeeterday after heavy Swiss selling at US$362 an ounce triggered stop-loss selling, dealers said. Gold's overall tone was soft owing to a firmer US dollsr, they sdded. "Bullion is mainly following the US dollar's firmer trend." s dealer said. However, physical
      357 words
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  • COMPANIES & STOCK MARKETS
    • Article
      Lock icon Privatisation in Malaysia: convincing the public
      689 7 msmmm** HOCK LOCK SIEW WHILE MALAYSIA'S privatisation master plan may be "nearing completion", the problems which have plagued its past efforts continue to exist Efforts to privatiae stateowned enterprises have been slow. In five years since the implementation of the privatiaation programme, only 22
      HOCK LOCK SIEW  -  689 words
    • Article
      Amtek to enter electroplating joint venture with Marsiling
      329 7 AS PART of its expansion programme, Sesdaq-listed Amtek Engineering Ltd has agreed to enter into a joint venture to set up an electroplating company in Malaysia. This comes hot on the heels of another joint venture, announced last week, which involved Amtek
      329 words
    • Article
      Emtex raises stake in Duff to 32pc
      279 7 EMTEX CORPORATION Bhd has increased its stake in plantationbased Duff Bhd with the acquisition of additional shares. Emtex, with activities also mainly centred on plantations, said its subsidiary Fuco Realty Sdn Bhd has acquired 3.33 million Duff shares of Msl each at M
      279 words
    • Article
      COMPANY BRIEFS
      339 7 SIME DARBY Bhd will release its group results on Sep 2 and not today as reported by BT on Thursday. SIME DARBY Bhd, through whol-ly-owned subsidiary SD Holdings Bhd, has sold 30% or M 56.18 million shares of Subang Jaya Medical Centre Sdn Bhd to National Medical Enterprises
      339 words
    • Article, Illustration
      Lock icon Kamunting men to feature in major MPHB boardroom revamp
      717 7 NST KAMUNTING CORPORATION Bhd, the new controlling shareholder of Multi-Purpoee Holdings Bhd through its takeover of Koperatif Serbaguna Malaysia (KSM) assets, is moving its representatives into the boardrooms of MPHB and its group of companies. Industry sources say that the current
      NST  -  717 words
    • Article
      Shangri-La turns in lower profit despite higher turnover
      446 7  -  By ANDREA BORCH SHANGRI-LA Hotel Ltd has reported a near 30 per cent drop in group attributable profit to $13.62 million for the six months ended June 30, 1989, despite a 17 per cent rise in turnover to $61.2 million. This was
      446 words
    • Article
      Cold Store (M) stake will trim C & C's EPS
      424 7  - Cold Store (M) stake will trim C C's EPS By KEVIN GWEE CYCLE ft CARRIAGE Ltd's (CCL) proposed 42 per cent acquisition in Cold Storage (M) Bhd (CSM) for M 575.54 million would reduce its earnings per shars. In a circular to shareholders relating to this proposal, CCL showed that
      424 words
    • Article
      Lock icon Kumpulan Guthrie shares make bullish debut
      402 7 Bernama PLANTATION-BASED Kumpulan Guthrie Bhd, which made its debut on the Kuala Lumpur Stock Exchange (KLSE) yesterday, closed a moderate 26 sen higher than its subscription price of M 52.10. Dealers said the shares were well-supported throughout the day and held steady at between
      Bernama  -  402 words
    • SES
      • Article, Illustration
        STI index dips on lack of follow-through support
        1104 8  -  by JOSEPHINE CHAN LOCAL SHARE prices yesterday finished marginally lower to end the week on a quiet note, after tailing 19 points on Thursday. The Straits Times Industrials Index eased 2.08 points to T,355.18, after forced margin selling the day before by
        1,104 words
      • Article
        Unit trusts
        309 8 Manager*' prices Royal Trust Asset Mgt UOB Management Down Japan Fund 0 Thoi foa» Fund (Am Kwg 241 1 IS Y9C7 US$1122 for Aug 26 28 IT S'pora Gr Fund 086 0.90 Unihjnd 135 125 IT Asia-foe Gr Fund 1 095 1.145 Unibond 1045 1070 Funds (US$) Singapore
        309 words
      • Article
        COMPANY MEETINGS
        52 8 BEMBAWANG SHIPYARD LIMITED: EGM at the Lecture Theatre, #04-00, 456 .Alexandra Road, NOL Building. Singapore 0511. on Aug 29. Tuesday, at 9.30 am. JOHAN HOLDINGS BERHAD: 64th AGM at Poinsettia 2. 2nd Floor, Petal ing Jaya Hilton. Jalan Barat. Petaiing Jaya. Selangor Darul Ehaan, on Aug 30. Wednesday,
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    • Article
      SES SHARE INFORMATION
      6146 8 Qr's Qr's 19 89 Tol Lost Vol Day Last Quote D*v Dlv rid Not M Cap High Low Cod* Company Sale orC000) H|r,K riign Low Buyer a-.it-.— rwllWw Cvr P/E Smll AUG 25 SESDAQ 172 120 t 4000 Amtek Eng 20# 150 -6 41 165 156 150
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    • KLSE
      • Article, Illustration
        Stocks end mixed to firmer
        3552 9 SHARE price* fluctuated haphazardly to cloaa mixed to firmer at the Kuala Lumpur stock market yesterday. Oabblera were indecisive as share prices fluctuated under bouts of buying and selling. At the cloee of trading, the scoreboard showed gainers leading losers by 102 to 66 while
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    • REGIONAL MARKETS
      • Article
        Lock icon Sony shares soar while Matsushita's languish
        788 10 Reuter PLAGUED BY an image as a marketing superpower lacking innovative flair, mammoth Matsushita Electric Industrial Co Ltd has been watching its share price languish that of rival Sony Corp soars. Some securities analysts say investors may target Matsushita as a laggard share, but
        Reuter  -  788 words
      • Article, Illustration
        Lock icon TSE has no plans to investigate Honda earnings leak
        399 10 Reuter IN SPITE OF recent steps to tighten insider trading rules, the Tokyo Stock Exchange (TSE) has no plans to investigate a leak of Honda Motor Co Ltd group results ahead of their release. A TSE official said in an interview
        Reuter  -  399 words
      • Article
        Lock icon Cheung Kong profits up 10pc in first six months
        246 10 AFP CHEUNG KONG Holdings Ltd. the flagship of local magnate Li KaShing's business stable, has reported a 10 per cent rise in net ordinary profit from a year earlier to HK$923 million (about US$llB million) in the six months to June.
        AFP  -  246 words
      • Article
        Lock icon Stanchart Australia incurs half-year loss of A$16.11m
        202 10 Reuter STANDARD CHARTERED Bank Australia Ltd reported a A 516.11 million loss for the six months to June 30 and warned it faced further problems. The subsidiary of Standard Chartered pic said in a statement released on Thursday in Adelaide that its provision
        Reuter  -  202 words
      • Article, Illustration
        Lock icon Maverick Kiwi raider Sir Ron bows out
        383 10 Reuter SIR RON BRIERLEY, a cricketingmad corporate raider who turned New Zealand's business community upside down, is to retire as chief of the investment company he founded 28 years ago. Sir Ron, whose retiring personality and modest tastes belie his status as a
        Reuter  -  383 words
      • Article
        Lock icon Wellington: Still falling
        215 10 Reuter THE NEW ZEALAND market closed lower yesterday for the second consecutive day, but still posted a net 34.5-point gain for the week. Brokers see similar softness next week. The Barclay's Index fell 18.92 points to 2.355.51. Dealers attributed the weakness to a lack of overseas buying
        Reuter  -  215 words
      • Article
        Lock icon Taipei: Firmer
        399 10 Reuter THE Taiwan stock index closed firmer yesterday in spite of a late sell-ofl which knocked the market lower after it briefly broke through the 10,000-point barrier in mid-morning trade, dealers said. The Weighted Index rose 140.26 points, or 1.43 per cent, to close at 9,955.21. Turnover was
        Reuter  -  399 words
      • Article
        Lock icon Bangkok: Wild fluctuations
        241 10 Reuter WILO PRICE fluctuations on the Thai bourse were offset yesterday by latesession bargain hunting in the construction and finance sectors, brokers said. The SET Index gained 5.65 points to close at 670.51 in very active trade. Gains outnumbered losses 92 to 24. Most active were Pa-
        Reuter  -  241 words
      • Article
        Lock icon Seoul: Heavy profit-taking
        277 10 Reuter SEOUL STOCKS fell in heavy volume trading yesterday as investors gleaned profits from a recent bullish market, brokers said. The Composite Index dropped 6.05 points to close at 945.02. Turnover was 719.4 billion won against the previous 601.2 billion won with 414 sectors falling and 281
        Reuter  -  277 words
      • Article
        Lock icon Manila: Mostly lower
        198 10 Reuter PHILIPPINE share prices closed mostly lower yesterday after traders cashed in stocks to prepare for future listings, brokers said. The Manila Stock Exchange Composite Index shed a slight 0.93 point to 1,157.90. Combined business on the two bourses rose to 1.3 billion shares worth 222.4 million
        Reuter  -  198 words
      • Article, Illustration
        Lock icon Hang Seng ends 17.7 points higher
        1305 10 Hongkong Reuter, DBS Securities HONGKONG share prices ended higher yesterday in line with a better performance on Wall Street. The Hang Seng Index rose 17.7 points to finish at 2,516.78. Prices rose throughout much of the morning, but underlying concerns of political instability in
        Reuter,; DBS Securities  -  1,305 words
      • Article, Illustration
        Lock icon Broadly easier
        485 10 Tokyo Reuter SMALL AMOUNTS of in-dex-linked moves by investment trusts and foreign brokerages shoved the index back and forth all of yesterday until prices limped to a broadly easier close. Turnover was thin as many investors dropped out early at the end of an erratic week, traders said.
        Reuter  -  485 words
      • Article, Illustration
        Lock icon Sharply higher
        433 10 Sydney Reuter THE AUSTRALIAN market finished sharply higher yesterday, but off the day's peak after profittakers took some of the shine off the rally inspired by Wall Street s 57-point surge on Thursday, brokers said. The All Ordinaries Index closed 17.1 points higher at 1,764.3 lower than the
        Reuter  -  433 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Dow closes at new high
        860 11 New York Reuter AMERICAN blue chips marched past their old record level on Thursday, boosted by hectic program buying, firm bond prices, a strong greenback and a revival of takeover fever. The Dow Jones Industrial Average closed up 56.52 to 2,734.63, just a day before
        Reuter  -  860 words
      • Article, Illustration
        Lock icon Shares lose early strength
        950 11 London Reuter SHARES lost most of their early strength after the opening yesterday as stiff resistance at the FTSE 2,400 level tempered the market's enthusiasm in spite of Wall Street's 56.5 point rise to new all-time highs. By 0817 GMT, the FTSE 100 was 8.0 points
        Reuter  -  950 words
      • Article
        Lock icon Takeover talk boosts share prices of Phillips, Unocal
        421 11 Reuter TAKEOVER SPECULATION has boosted Phillips Petroleum Co and Unocal Corp share prices, with Pennzoil Co rumoured to be stalking one or the other, according to Wall Street traders and arbitrageurs. Asked about strength in oil stocks generally, Cyrus Lawrence/Morgan Grenfell analyst
        Reuter  -  421 words
      • Article
        Lock icon 'Ericsson stronger than ever after GE link-up'
        376 11 Reuter SWEDISH telecommunications company L M Ericsson AB has consolidated an already strong position by linking up with General Electric Co (GE) in mobile communications and thereby expanding into the US. analysts say. The link-up was announced as Ericsson released first-half results, showing
        Reuter  -  376 words
      • Article, Illustration
        Lock icon Hoylake seeks to extend bid deadline
        565 11 NYT THE GROUP stalking BAT Industries pic has asked British authorities for an extension of its bid deadline as it tries to overcome regulatory obstacles. Meanwhile, experts were divided on whether the success of bidder Hoylake Investments, in securing assistance from the French concern
        NYT  -  565 words
      • Article
        Lock icon East Asiatic's rights issue for expansion
        198 11 Reuter TRADING, TRANSPORT and consumer goods company East Asiatic Co Group (EAC) is planning to use a one-for-four rights issue to finance expansion plans. The issue is to be at 235 crowns per 100-crown share with the new shares eligible for half the 1989
        Reuter  -  198 words
      • Article
        Lock icon Avis Europe agrees to Cilva's offer
        73 11 Reuter CAR HIRE firm Avis Europe pic and Cilva Holdings pic have agreed on a recommended offer by Cilva for Avis Europe valuing the company at £896.5 million. Cilva. formed for the purpose of the offer, is 64.7 per cent owned by Luxemburg-based investment
        Reuter  -  73 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1429 11 Reuter FRANKFURT: West German shares closed sharply higher yesterday, buoyed by lively demand for Daimler and bullish sentiment unleashed by Wall Street's surge on Thursday to new record highs. The real-time 30-share DAX index slipped one point below its day's highs to close at 1,604.38, a rise
        Reuter  -  1,429 words
    • Article
      AIPO to meet in S'pore for talks on US bases issue
      554 12  -  PROPOSAL TO ESTABLISH ASEAN COMMON MARKET ENDORSED By AL O LABITA SENIOR Asean parliamentarians plan to meet in Singapore this November for "consultative" talks on the US bases issue. Asean Inter-Parliamentary Organisation (AIPO) chairman Antonio Cuenco said the meeting
      554 words
    • Article
      Lock icon Woman named to replace sex-scandal tainted minister
      372 12 Reuter, AP JAPANESE Prime Minister Toshiki Kaifu's right-hand man stepped down as chief government spokesman yesterday after admitting an illicit affair and was replaced immediately by a woman. Mayumi Moriyama, 61, direc-tor-general of the Environment Agency, was named to replace Tokuo Yamashita, 69,
      Reuter,; AP  -  372 words
    • Article
      Lock icon Seoul prosecutors indict Kim Dae-jung
      287 12 Reuter SOUTH KOREAN prosecutors yesterday formally charged opposition leader Kim Dae-jung with involvement in a spy scandal, a move that could take the veteran democracy campaigner back to jail and spark a political crisis. Mr Kim, head of the largest opposition party in the National
      Reuter  -  287 words
    • Article
      Ministry explains HDB lease renewal issue
      244 12 THERE WILL be no automatic renewal of leases on Housing Board flats, said the Ministry of National Development yesterday. Instead, owners seeking extensions will be considered on a case-by-case basis. A premium will also be required if a new lease is granted. The Ministry
      244 words
    • Article
      Hongkong lowers growth forecast to 5 per cent
      516 12  -  By FOO CHOY PENG THE Hongkong government yesterday lowered its economic growth forecast for the year to 5 per cent. This follows a sharper than expected slowdown in the second quarter and the turmoil in China. The one-point downward revision is the
      516 words
    • Article
      'Suspend S'pore offer to US if Manila stand is unclear'
      526 12  -  By MARTIN SOONG SECOND Deputy Prime Minister Ong Teng Cheong yesterday suggested suspending Singapore's offer of hosting US military facilities here if the Aquino Administration cannot agree on whether Asean countries should share its burden of maintaining a US presence
      526 words
    • Article, Illustration
      An example of excellence others should emulate
      321 12  -  By JEFFREY TSANG SIX YOUNG Singaporeans were awarded the President's Scholarship last night at the Istana. They join the ranks of 167 others who were awarded the scholarship in the two decades since it was created. At the presentation ceremony which was attended
      321 words
    • Article
      A reminder of our role in Vision 1999
      239 12 A REMINDER to Singaporeans to play their part to help achieve Vision 1999 was sounded last night by the Minister for Foreign Affairs and Community Development, Mr Wong Kan Seng. Speaking at the National Day dinner of his Toa Payoh constituency, held
      239 words
    • Article
      Three experts speak on investment possibilities
      338 12 TWO out of the three panelists interviewed in an SBC programme last night said they would put their money in prop-erty-related sectors in today s buoyant economy. "I will still tend to look closely at the property sector,'' Alan Hargreaves, Research Director of Hoare
      338 words
    • LATE FILE
      • Article
        Lock icon China rejects report on Deng
        54 12 AFP THE CHINESE Foreign Ministry yesterday rejected fresh speculation that senior leader Deng Xiaoping, who turned 85 on Tuesday, is in seriously poor health, saying that the New York Timee report alleging that Mr Deng was receiving special medical treatment at the seaside resort of
        AFP  -  54 words
      • Article
        Lock icon Vietnam army halts operations
        32 12 AFP VIETNAMESE forces in Cambodia have ceased all military operations to prepare for their withdrawal from the country in a month's time, high-ranking military officer said yesterday. AFP
        AFP  -  32 words
      • Article
        China, Britain hold talks
        63 12 BRITISH and Chineee officials havs hsld their first facs-to-facs meeting on Hongkong since the June 4 massacre in Bsijing. The meeting is to prspars the agenda for a meeting late next month in London of the Joint Liaison Group, a bilateral body set up to oversee
        63 words
      • Article
        Lock icon Airlines launch lawsuit
        33 12 Reuter Australia's domestic airlines, paralysed by a pay row, eecalated the dispute yeeterday by launching a lawsuit against all their pilots and an international advertising campaign to find replacements. Reuter
        Reuter  -  33 words
      • Article
        Lock icon British aid to Malaysia
        43 12 AP Britain will provide £14 million to Malaysia to help build eight government-run hospitals, Health Minister Ng Cheng Kiat said yesterday. The Health Ministry is finalising plans for the hospitals, which will cost about £28 million. he said. AP
        AP  -  43 words
    • Article
      Lock icon Comex gold and silver
      68 12 Reuter COMEX GOLD futures sank to new lifetime lows in the first hour of dealings yesterday on selling tied to physical sales, trade sources said. December pushed past its previous contract low at U*****.50 an ounce to bottom at U*****.70, a US$3.9O loss on the day.
      Reuter  -  68 words
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      333 7 J. I \l llls|\ c\\ .it I |u- |()ui Jj-v as rv <■* a ARAB BANK LIMITED (Incorporated in Amman, Jordan) Board of Directors AH Shoman Chairman Kkalid AH Shoman Drpury Chairman Abdel Ham id AM. Shoman Member/A —nw General Manager Mahmoud M. Beydoun Farouk K. Jabre George Tannoue Munib
      333 words
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      6 11 Johannesburg prices were not available yesterday.
      6 words
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      385 11 IN THE MATTER OP THE COMPANIES ACT, CAP. 80 AND IN THE MATTER OP GENERAL ENGINEERS ASSOCIATES PTE LTD (in Voluntary Lia nidation) MEMBERS' VOLUNTARY j ivi 01 At an Extraordinary General Meeting of the members of GENERAL ENGINEERS ASSOCIATES PTE LTD duly oonvened and held at 50 Jalan Saltan
      385 words
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      470 11 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 NAM YICK JEWELLERS ft GOLDSMITH PTE LTD (Incorporated In Singapore) SPECIAL RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed company, duly convened and held at 4 Battery Road 12-00 Bank of China Building. Singapore 0104 an
      470 words
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      114 12 FOR THE VEINS OF FRMNCML EXPERTS Changes in interest and exchange rates affect your business. BANKING FINANCE brings to you the views of experts in Singapore as well the other financial centres, from Hongkong and Tokyo to London and New York, on a sector which is getting more unpredictable and
      114 words
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      211 13 IRONY at the SEA Games? After a 16-year hiatus during which she fought a cruel war with American soldiers, and overran Kampuchea. Vietnam returned to the SEA Games and won her first gold medal. In shooting. ON THE East Coast Parkway, before the turn-off to Rochore
      211 words
    • Article, Illustration
      With the wind in your hair
      1071 13  -  When clubbing that little white ball around a course begins to lose its thrilling savagery, or when volleying that slightly larger green ball across the net at someone who merely lobs it back begins to seem hum-drum, it may be time to try a
      1,071 words
    • Article, Illustration
      The night Singapore swung
      745 13  -  Reliving what was a great party for thousands of young people, and a resounding success for the organisers last Saturday night, cantankerous ex-swinger SAMUEL EE recounts his harrowing experiences on SAMUEL EE I WOKE UP this morning with a start I thought it was going to
      745 words
    • Commentary
      • Article, Illustration
        The days of lollipop religion
        1205 14  -  TYE KIM KHIAT CAN WE have a religion? The question was as innocent as it was stark, coming from my little girl one day. I froze momentarily, unnerved by the finality of the question from an eight-year-old. It was reminiscent of the time she asked
        1,205 words
      • Article, Illustration
        Road to religious harmony
        1267 14  -  SAID ABDULLAH SO THE GOVERNMENT, after five months of consultation with a cross-section of Singaporeans, has decided it has had enough feedback on the review of teaching of religious knowledge (RK) in schools. The Education Minister, Dr Tony Tan, has decided that further discussion "might create
        1,267 words
      • Article, Illustration
        'Although my race is Chinese, my nationality is Singaporean'
        919 14  -  BOEY KIT YIN FOUR MONTHS AGO. while in Paris interviewing the "number two" manager of a huge French aerospace company, I heard for the first time the term "white Chinese". The top level official was talking fondly of China and how
        919 words
      • Article, Illustration
        Emigrants don't always 'do their sums' and leave
        853 14  -  MALINI TAMBYAH TO BMIGRATE or not to emigratef That's a question most of us never dreamt we would face. But that is the question more than a few Singaporeans face today. Some have already answered that question in the positive. Last year
        853 words
      • Letters to the Editor
        • Article
          A convenient source off information
          163 14  -  ONG YEW HUAT Director Ernst A Whlnney Consultants Pts Ltd Dear Sir i I refer to the letter from "Stockmarket Investor" (BT, July 29-30) om the article "Annual Report Reading Between the Lines'l (BT, Jul* 17). The points raised by "Stockmarket Investor" are valid and
          163 words
        • Article
          Was the foreign maid levy fiscally-motivated?
          159 14  -  HENRY TAN Dear Sir In BT, Weekend Edition, July 29-30. I updated the case for the termination of the foreign-maid levy and asked the Ministry of Labour to regard similar past appeals as "Open Letters" to the Ministry. It is noted with considerable regret
          159 words
    • Executive Lifestyle: Entertainment
      • Article, Illustration
        GOTHAM IN THE FLESH
        763 15  -  CINEMA By LAWRENCE TAN THE URBAN NIGHTMARES of 19th century England produced Dickens. Those of America in this century produced the cartoonists who created Spiderman, The Incredible Hulk and, in a cinematic transformation of a Detective Comica series that may have earned Jack Nicholson the distinction
        763 words
      • Article, Illustration
        Flitting from caricature to literature?
        414 15 BOOKS The Further Adventures of Batman; Edited by Martin H Greenberg; Bantam Books; $9.90 Reviewed by MARTIN SOOMG COMIC-BOOK heroes were created to thrive on paper, as colourful, exaggerated caricatures on the pages of publications which many of our parents deemed illicit even before we
        414 words
      • Article, Illustration
        Yes in triumphant comeback
        753 15  -  c a > Roger Loh ANDERSON, BRUFORD, WAKEMAN t HOWE: Anderson, Bruford, Wakeman A Howe (Arista) MM In the beginning, it was intriguing. The Yes sound was surely full of braggadocio, but it also propagated a varied virtuosity. Throughout their uneven careers, the group's collective and
        753 words
    • Executive Lifestyle: Pursuits
      • Article
        Breast-feeding: more food for thought
        909 16  -  HEALTH By RICHARD SEAH Richard Seah ia the editor of The Good Lite, a local health magazine LAST WEEK, on the day I submitted my article on breast-feeding to EL, my sister-in-law gave birth. It was her first baby. I visited her in hospital that
        909 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        A taste of exotic Penang
        495 17  -  FOOD By TAN KEE WEE THE SURPRISE and murmur of atticism, which is the natural reaction of any diner who has tried to sampla an indigenous dish in a foreign country and found it dissimilar, is not an uncommon occurrence. It stems from the chauvinistic
        495 words
      • Article, Illustration
        BILLBOARD
        1187 17 STAGE PERFORMANCES: Singapore Drama Festival '99. Fringe Programmes: Skirmishes Aug 28 29 at the DBS and PUB auditoriums respectively at 12.30pm. School by Act 3, to be performed on Aug 31 (6.30pm), Sep 1 (6.30pm), 2 3 (4.30pm) at No 126, Cairnhill Road. Free. Shell Friday LunchUme Cultural Programme.
        1,187 words
      • Article, Illustration
        Interesting recent arrivals
        781 17  -  By N K YONG AMONG recently received samples was a mixed lot from the house of Henri Laroche, which aroused my interest. A respected producer in Chablis, Laroche s Chablis has always been highly regarded. So I was intrigued to find that his rsnge had enlarged to
        781 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        A well-defended hand by Singapore team
        515 18  -  BRIDGE By SYBIL HOLLOWAY PARTICIPATING for the first time in the WBF Olympiad in 1060 in Valkenburg, Holland, Singapore was represented both by an Open and a Ladies team. Philip Alder, reporting in the Bridge World on the performance by the British Open team,
        515 words
      • Article, Illustration
        Zubin Mehta — music's missionary
        660 18  - Zubin Mehta music's missionary PROFILE By MALINI TAMBYAH SOME MAY CALL him showman and diplomat, but what immediately struck me about this man was his exuberance and vitality (I didn't miss his charisma and attrsctiveness either). At 53, Zubin Mehta, music director of the New York Philharmonic Orchestra, is still
        660 words
      • Article
        Time to let off steam — at NUSS open house
        257 18  - Time to let off steam at NUSS open house FITNESS By JEFFREY TSANG IN A WORLD of ever-increasing pressure, activities to promote fitness have to rise in tandem to keep competition-worn executives in balance. Playing its part the National University of Singapore Society is holding a Fitness Day open house
        257 words
      • Article, Illustration
        Reliving the Maria Hertogh drama
        861 18 BOOKS THE NADRA TRAGEDY: The Maria liertogh Cwtwiwy 320 pegee, $10.00 Reviewed by DAW) CHEW IN 1960, a tense battle for custody of a 13-year-old Dutch girl took piece in the Singapore courts between her natural and foeter mothers. The girt, Maria Hertogh, born a
        861 words
      • Article, Illustration
        A case of questionable substance
        729 18  -  DRAMA FESTIVAL By JAIME LYE "WAR turns men into savages!" Well, It certainly doesn't turn them into valets, that's for sure. But if you didn't know that, you would have found this and other similarly illuminating insights into war in UP Playwrights Theatre's recent export,
        729 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        A passion for dolls
        1078 19  -  COLLECTING By LINDA CHEE IN THE DARK of night, a dozen pairs of eyes gleam at you on the way to the 100. You think nothing of it, but as you emerge, bleary-eyed, little hands reach out for you, no longer as adorable as they were
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      • SHORT TAKES
        • Article
          Superb symphonic sounds
          144 19 IF YOU haven't already heard by now, there'll be an open-air concert by the New York Philharmonic Orchestra, under the baton of Zubin Mehta, this evening from 7.15 pm to 8.35 pm at the City Hall steps. Presented as part of this year's National Day celebrations, it
          144 words
        • Article
          Uhh... what Brotherhood?
          116 19 BRING OUT the champagne and celebrate. An Asian woman has been inducted into the Confrerie Des Amis De Fecamp, or the Brotherhood of the Friends of Fecamp. The first Asian woman ever to be received into the hitherto all-male French order. It's all right if you've never
          116 words
        • Article
          Cultured fare?
          129 19 PERANAKAN PLACE presents another local play to enliven the dinner-theatre scene. From Sep 17 to 21, a comedy by Stella Kon, The Towkay's Daughter will be staged at Bibi's Theatre Pub. In one hour, you will be told that true love doesn't run smooth. You will witness a
          129 words
        • Article
          Cool and contradictory ade
          159 19 BELIEVE it or not: 7 Up's Fido Dido is related to Roger Rabbit's sex-bomb wife, Jessica. Well, kind of. The pencil outline of a tall, skinny kid with spiky hair in shorts and sneakers was brought to life in TV commercials by Russell Hall. The same
          159 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        The Hongkong factor on prices — myth or reality
        812 20  - The Hongkong factor on prices myth or reality I: PF* a P w wp 11 .gp PROPERTY PROSPECTS L J By WILLY SHEE Mr Willy Shee ia executive director of the inveetment and residential departments, Richard Ellis (Pie) Ltd EVER SINCE the Government announced the liberaliaation of immigration policy in
        812 words
      • Article
        Slowdown in corporate earninqs expected: Bain
        667 20  -  AUSTRALIA By HERMAN PHUA CORPORATE PROFIT growth in Australia will slow substantially over the next two years, says Bain Securities Ltd. This prediction oomes following the investnsent bank's analysis- of the major decisions and forecasts contained in Australia's recent Budget The slowdown in corporate
        667 words
      • Article, Illustration
        Lock icon Pensions fillip for fund managers
        867 20 FT AUSTRALIA'S FUND management Industry is hoping for a significant boost from incentives announced in last Tuesday's budget for people to provide for their own retirement. The changes represent an attempt to address problems posed by the country's ageing population, and to place the government's
        FT  -  867 words
      • Article
        Lock icon Stock index futures are boosting stocks: traders
        580 20 JAPAN Reuter JAPAN'S year-otd stock index futures market is breathing life into Japanese stocks which might otherwise be stuck in summer doldrums, traders and analysts said. Arbitrageurs, buying cash stocks, pushed the Tokyo Stock Exchange's Nikkei index above 35,000 points for the first
        Reuter  -  580 words
      • Article
        Lock icon Yamaichi develops investment system based on fuzzy theory
        213 20 NYT YAMAICHI SECURITIES CO is to introduce soon a computeroperated stock investment system based on the so-called fuzzy theory that can ensure higher returns for investors. Fuzzy theory waa conceived to deal with abstract notions such as "Big" and "Middleaged" in computer
        NYT  -  213 words
      • Article
        Jakarta Fund trading in London
        302 20  -  INDONESIA By ANDREA BORCH INDONESIA'S young and promising capital market has pulled in yet another investment fund. The newest entrant, Jakarta Fund, started trading yesterday with its official listing in London yesterday. The Jakarta Fund, which is being managed by Thornton Management (Bermuda) Ltd, issued
        302 words
      • Don't quote me...
        • Article
          Cheaper heads of research
          170 21 THE GRAPEVINE has it that Keppel Securities, the new boy on the block, has found a research head for something between $65,000 and $80,000 a year, bonus not included. If this is true, it is on the lower side of the going rate among Singapore broking
          170 words
        • Article
          Time to dust off Kondratieff
          140 21 SPEAKING OF RECESSION, does anyone remember the late Nikolai Kondratieff? He was the Russian economist who offended Stalin by suggesting that capitalism was more stable than the Soviet leader had claimed. He was thrown into one of Stalin's infamous prisons and died there, probably in
          140 words
        • Article
          Who's interested in Allan Ng?
          111 21 ONE OF the longest drawn-out trials in Singapore is due to resume in nine days. Come Sep 4, businessman Allan Ng, charged with insider trading, will return to court for continued hearing of the case against him almost a year to the day the trial
          111 words
        • Article
          Hongkonger flat buyers
          49 21 Expect to see a lot of Hongkong faces in Singapore this weekend, especially around the showflats. It's a long weekend in the colony and many Hongkongers are taking the opportunity to fly here in search of good buys. Wonder what that will do to property prices.
          49 words
      • Article
        Plenty of action in gold for players
        689 21  -  BOOKS By MAGDALENE NG They wonder much to hear that gold, which in itself is so useless a thing, should be everywhere so much esteemed, that even men for whom it was made, and by whom it has its value, should yet be
        689 words
      • Article
        Warrants: premiums and gearing
        419 21 Pricee (ee at 25.8.89) Convereion terms Premium/ (discount) using Company Amount Conv ratio Exer price Optional" txpiry (m unite) Wrta Share Ln etk Ln etk nom value Cash Cash 1 Lnstk' Gearing 4 Date mths left CKTang Chuan Hup Chuan Hup 94 City Dev DBS Land
        419 words
      • Article, Illustration
        Rise: A charging bull or a correction in disguise?
        448 21  -  DOW JONES INDUSTRIAL AVERAGE By AMY BALAN THE DOW JONES Industrial Average gained 56.53 points to hit an all-time high of 2,734.64 on Thursday. Investors must wonder if this is a continuation of the long-lasting new bull market after last week's
        448 words
      • Article
        A look at how loan stock and warrants work
        354 21  -  WARRANT WATCHER By WAYNE LAU, decade By WAYNE LAU, researcher, Peregrine Securities Ltd, a Hongkong-based stockbroking and corporate finance institution. Wayne is writing in his own personal capacity. Views expressed need not necessarily reflect that of the firm. LOAN STOCK and
        354 words
      • Article, Illustration
        Lock icon Bull cycle ageing
        364 21  -  II A WF »n AI mm VI kc I mm '■Fv.'«r* ui mm m- AM Wm ir.Av.iiM' ■WW I TABBH.VJB I By RAMESH CHANDIRAMANI Mr Rmmesh Chandiramani to dealer/analyst with Q K Got) (Stockbrokers) Ptm Ltd. THE LOCAL stock market has done an incredible job of recovering
        Source: Courtesy of Ericsons Software Services  -  364 words
      • Article
        Far East Asset's acquisitions portend greater things
        665 21  -  mm By LORETTA McLAUGHLAN MAYBE THE competition to grab the headlines has been hot over the past couple of weeks. Or maybe the Investing public is still unsure about who Far Eaat Asset Bhd is. But the Kuala Lum-pur-based group has recently made
        665 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        More silvers for Singapore
        586 22  -  SEA GAMES By CHARLES SAVAGE SINGAPORE collected three silvers and a clutch of bronzes yesterday. The silvers came from the bowling alleys, the field and tfe fencing mat. The three-member women's forcing team of Choy Fong Leng, Teo Ah Heok and Chan Lai Yong tifrned in
        586 words
      • Article, Illustration
        Lock icon Crenshaw off to a flying start in World Series
        411 22 GOLF AFP BEN CRENSHAW got off to a flying start in the opening round of the US$l million World Series of Qolf in Akron, Ohio, on Thursday by posting a brilliant six-under-par 64 to take a three-shot lead. "I did a
        AFP  -  411 words
      • Article
        Lock icon Walton under intense pressure in Europe's Ryder Cup
        513 22 AFP PHILIP WALTON was fuming after an erratic performance in Frankfurt, West Germany, on Thursday that left him with a desperate scrap to snatch the last place in Europe's Ryder Cup team against the United States next month. The 27-year-old Oubliner started
        AFP  -  513 words
      • Article
        Men, women marathons won in record times
        356 22 BOTH the Men's and Women's Marathon were won in record times yesterday set under a steady early morning drizzle. Filipino Herman Suizo bettered the old record by 2min 31sec. clocking a time of 2hr 23min 19sec in a close, strong sprint to the
        356 words
      • Article, Illustration
        Samson trails by just one stroke
        479 22 SAUJANA's greens continued to favour their suitor south of the Causeway. She kissed Samson with a 73, lifting him to just a stroke behind her own boys P Gunasegaran and Wong Hung Nung, who were joint leaders with 223. But she did keep faith
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      • Article
        Lock icon US Open: Evert-Navratilova clash expected
        471 22 TENNIS AP CHRIS EVERT could close out her Grand Slam career against long-time rival Martina Navratilova at the US Open tennis championships. If both players avoid upsets. Evert would play Navratilova in the semifinals. Evert, 34, recently said that the Open, to start on Monday
        AP  -  471 words
      • Article
        Lock icon Lewis happier with Johnson out of track
        434 22 ATHLETICS AP WHEN Ben Johnson was around, Carl Lewis could never relax in the race to be number one. Now that his Canadian rival has withdrawn from world sprinting, disgraced by his positive drugs test at the Seoul Olympics, Lewis feels happier to
        AP  -  434 words
      • Article, Illustration
        Lock icon Pete Rose gets the boot for betting on his team
        365 22 BASEBALL AP PETE ROSE was kicked out of baseball on Thursday and may never be back. Rose, the very symbol of the game itself for a generation, was banned for betting on his own team. He says he will return
        AP  -  365 words
      • Article
        'Canadian officials knew about drug taking'
        302 22 TOP TRACK and field officials had proof several months before the 1968 Olympics that Canadian athletes were taking steroids, but did nothing, a Canadian federal inquiry was told on Thursday. Steven Findlay, a staff member of the Canadian Track and Field Association, testified he
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    • Executive Jobs
      • Article, Illustration
        All the Lady Luck at engineers' institution
        663 23  -  By ANNA TEO WHAT WAS all that concern about the dearth of women engineers The Institution of Engineers Singapore certainly has no lack of appeal to the fairer sex, if the response to a recent job opening is any indication. Of course the
        663 words
      • Article
        Business Trends adds Jakarta to expansion thrust
        356 23 TO ADD THRUST to its regional expansion. Business Trends recently opened an office in Jakarta, Indonesia, and expects to have an office in Bangkok within a year. Starting off as a temporary placement agency 10 years ago, the Singaporebased company has expanded into
        356 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        311 23 ABN BANK has appointed Steven Sng Lai Huat as regional treasurer (Far East). Mr Sng, 37, has been with the Singapore branch for 10 years and has more than 15 years of dealing experience. In his new capacity, he will be in charge of the treasury operations
        311 words
      • Article, Illustration
        Brave new world for CEO of Tool Products
        956 23  -  THE BIG MOUSE By SHOEB KAGDA HAVING DONE practically everything in his 21 years at National Semiconductor, Mr Ron Ho waa looking for something different, like chalk is from cheese. Not satisfied with just being the regional director of a multinational, he
        956 words
      • Article, Illustration
        Consultants team up for talent hunt
        256 23 WITHOUT CEREMONY, another executive search firm, LTA Company, has slipped into Singapore to join the other big players in the expanding market tor top executives in the Far East Formed only a few months ago, LTA first began operations with the simultaneous opening of
        256 words
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      Page 13 Advertisements Column 1
      250 13 NEED A CAR LOAN? LCall USA from any phone, any day, anytime at 222 5544 or 222 8844— 1 HON6LEONG SINGAPORE FINANCE LIMITED FINANCE LIMITED! Ladies' 18-Carat gold Saratoga with diamonds. <§> CONCORD. WATCH MAKERS To THE GENTRY. SINCE 19 O 8 The new Saratoga collection from Concord is perhaps
      250 words
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      53 14 welcomes letters from Its readers. Letters must include the author's name, address and home and office telephone numbers. BT reserves the right to edit letters for purposes of clarity and space. Please address letters to: The Editor, Business Times, Times House, 390 KimSeng Road, Singapore 0923 or send them by
      53 words
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      164 16 p Where to entertain... Where to entertain... Where to entertain... Where to BAR 6^ The best live jazz in town Hours: 5.00 pm 2.00 am Level 3, The Westin Plaza Happy Hours Mon-Fri: 5.00 pm 8.00 pm The Westin Plaza lUffles Oty 2 Sumford Road. Singapore 0617. WESTIN Horns Resorts
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      Page 16 Advertisements Column 2
      222 16 MING COURT HOTEL DIAN XIN BUFFET 3* •s •f Our Dion Xin buffet lunch spread will also include authentic Cantonese dishes like Braised Beef Brisket in brown sauce, Red Braised Chicken in vinegar, Fried Black Fungus with shredded meat.... Enjoy rich wholesome Dian Xin specially prepared by our Hong Kong
      222 words
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      Page 16 Advertisements Column 3
      116 16 TOO LATE FOR BREAKFAST?. TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DtSHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOO. EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE FAMILY. SUNDAYS ONLY! 11
      116 words
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      Page 16 Advertisements Column 4
      205 16 SUNDAY FAMILY LUNCH KSWm- Ks» fcSj^jg/T Bring the family for a fabulous meal of fresh seafood and chincsc dishes from our a la cane menu. At a generous 25% off the ML But only on Sundays between 11.308 m and 2.30pm. And for a limited period. Plaza Hotel 5: ZZZ2C
      205 words
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      Page 16 Advertisements Column 5
      215 16 THEKASBAH TOP 40't. GOLDEN OLDIES. Nocturnal Rendezvous Perfect for a fling OODLES OF FUN Let your hair down Something hot is always happening at the Kasbahl Here's to you! Celebrate with *Courvoisier XO and get a $20/- voucher with every purchase. Or a $10/- voucher with every Ballantine's 12 yeors
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      Page 17 Advertisements Column 1
      173 17 Every Sunday Themes A Family Feast In The Park. At the Hubertuj Grill, Sunday brunch is a great outing for the family. A glorious buffet spread is laid om for both grown up* and children And to make sure the kids are truly entertained, there's an exciting M(ttd playroom. Sunday
      173 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      785 17 mWEHDQa ®3D§3ffiKMD CRYPTIC PUZZLE ACROSS 9 A sign of contrition ono finds irritating (4, 5) 10 Going up, one carries theirs wrapped up (2, 3. 4) 12 They're funny, mind! (4) 13 Hope to see what makes the snake bite (6) 14 Gracious! The nun I found tied up inside
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  • Page 18 Miscellaneous
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      Page 18 Miscellaneous Column 1
      1452 18 SATURDAY BBC Highlights BBC 88.9 mHz in VHF Band II SAM Newshour. 7.00 World News. 7.00 Commentary. 7.15 From the Weeklies. 7.30 Multitrack 3. 0.00 Newsdesk. 0.30 Personal View. 0.40 Recording of the Week. 0.00 News Summary followed by Outlook. OJS Financial News. 0.30 Good as New. 0.45 Book Choice.
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  • Page 21 Advertisements
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      38 21 BT welcomes Investment Ideas and I ——I 4 a £ap (M viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal I o aim DllAlmaaa investment, duiiiMM Times, 390 Kim Seng Road, S'pore 0923
      38 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      347 23 OF TANAHMAS HOTEL, SBU, SARAWAK 1. OWNER OF HOTEL Tanahmaa (S) Sdn Bhd, formed by state statutory agencies together with a private organization, invites suitable candidates to apply for the post of General Manager. The hotel has 120 rooms with international standard facilities and scheduled to be opened in early
      347 words
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      Page 23 Advertisements Column 2
      10 23 WORLDWIDE EXPRESS® Prompt pick-up and delivery 24 hours a day
      10 words
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      Page 23 Advertisements Column 3
      279 23 C&Lil putt/ng youa step ahead A CAREER YOU CAN BANK ON Manager Marketing Above $100,000 p.a. MCS ***** Our client is a member of a major and wellrespected international bank engaged in a wide range of corporate banking services. Its rapid growth in Singapore is built on providing high quality
      279 words
  • Page 23 Miscellaneous
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      Page 23 Miscellaneous Column 1
      27 23 ißriStcW.-Fai RK3MTO NOU) TO GeT io soroc nou> To GeT dousn T»rne o gct sPrffcT ts uw-inG TO SEKIOOS DOLOMp sojne BUT riesM >s RUNS UcSeCiOoS FIUHG
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      98 24 The fully lined 100% is stylishly cut in long-wearing' pleated trousers in an easy care blend to retain their crisp, dean torn. A cotton shirt, specialty treated for easy ironing, provides maximum comfort. A luxurious 100% silk tie completes the polished look. Illustrated: Cool Wool Blazer $229.90 Sizes: 36"-46" Colour:
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      619 24 The week's 4 movies Fantasist, Today, 10.30pm, SBC 5 Whoever said going to school would be fun? A young school teacher leaves the suburbs tor Dublin to take a job as a lecturer. Only to find that her arrival conincides with a spate of ruthless murders. Apparently, the psychopath only
      619 words
    • Miscellaneous
      Page 24 Miscellaneous Column 2
      2330 24 SATURDAY C: Chinese; T: Tamil; M: Malay; r. repeat Pwi44**%t SBC 12 4.10 PM Opening and Programme Highlights followed by Bodywatch Having Babies After 30 (See Our choice). 4.40 Bookvisions The PickwicK Papers (See Our choice). 5.40 The Romantic Spirit The Romantic Heritage (r. Last Episode). The Romantic Revolution drastically
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      Page 24 Miscellaneous Column 3
      228 24 Crayfish aod Coaesheft, Today. 6.35pm. SBC 5 Nature Watch examines the life cycle of the crayfish, from mating and egg-laying, to care of its young and hibernating. Also, a look at the coneshetl's complex physical traits and deadly hunting skills. Having Babies After 30, Today, 4.10pm, SBC 12 The number
      228 words