The Business Times, 9 September 1989
1989-09-09
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The Business Times
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Title Section12 1989-09-09 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, September 9-10 1989 75 CENTS12 words
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502 1989-09-09 1 LEE HAN SHIH - TWO OTHER SITES AWARDED TO SAVU AND SSL/DBS LAND By LEE HAN SHIH THE URBAN Redevelopment Authority (URA) yesterday dropped a bombshell on the property market by throwing out all bids for the site next to Liat Towers and asking for a502 words
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373 1989-09-09 1 GENEVIEVE CUA - By GENEVIEVE CUA SINGAPORE'S standards body will be working to a new set of financial standards sooner than expected. The Singapore Institute of Standards and Industrial Research (Sisir) expects to be self-financing within the next financial year about two years373 words
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Article145 1989-09-09 1 Reuter THE THAI Parliament gave final approval to a national budget bill providing for a 17.3 per cent rise in government spending and a 25 billion baht (US$9OO million) deficit for 1989/90 beginning October 1. The budget raises government expenditure to 335 billion baht from thisReuter - 145 words
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544 1989-09-09 1 ANNA TEO - TEAMING UP WITH A LOCAL PARTNER IS REQUIRED By ANNA TEO SEVERAL foreign firms have shown interest in Singapore's decision to introduce electronic road pricing (ERP), but to be in the running for the multi-million dollar job, they must team up544 words
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Article, Illustration281 1989-09-09 1 STRONG OVERSEAS buying pushed both the Singapore and Hongkong markets higher yesterday as Tokyo bucked the trend on inflationary fears. In spite of the negative signals coming from major overseas markets, the Straits Times Industrials Index, boosted by gains in some component stocks,281 words
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Article50 1989-09-09 1 Reuter HEAVY PROGRAM selling knocked blue chips down sharply in New York, with the Dow diving 22 points in a few minutes. The Dow was down 20 points at 2687 and began to recover slightly. Decliners led gainers by less than two-to-one and overall trading was moderate. ReuterReuter - 50 words
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Article43 1989-09-09 1 AP LONDON share prices were firmer around midday yesterday, after an early morning gust of buying fervour blew itself out. At 1110 GMT, the Financial Times-Stock Exchange 100-ehare index was up 12 points at 2427.9, above its intra-day minimum of 2425.8. APAP - 43 words
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110 1989-09-09 1 Reuter US MANUFACTURING companies increaeed their foreign investment activity by 10 per cent in the first half of 1960 from the year-earlier period, according to the Conference Board, a worldwide businees network connecting companiee in 50 countriee. The board said US companiee announced 99 newReuter - 110 words
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Article149 1989-09-09 1 Friday ST Mutfrtah Max 1,*****(+1346) ST Compoafto Mox 1,273.14 (+12-43) NST Muatrtai Index 2523.21 32.11) HK Hqrq SinQ Mtx *****3 37.47) T-l li Ml I 11 A lOwyO imlfl AVffOyv 34,***** (-3675) .4, A— A- iH i I., 07 enw 7 1758 84) Dwdoy Now York (Dow149 words
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Page 1 Advertisements
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Advertisement288 1989-09-09 1 Nikon mm* —< a ft n —OUMlami I fit VfUIIU S rlfltH riivw\fl|rllll OySwlii. High waters ran deep Page One Modern tactics and ancient wisdom Page Two Loss of a multi-talented man Page Two Drouhin boasts a certain house-style Page Four A case for food grown the natural way Page288 words
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Advertisement156 1989-09-09 1 Ful report, PAGE Rogtonol morkota, PAGE 10 World mortals, PAGE 11 plan to PAGE 3 f% Since 1735 there has never been a quartz Blancpain watch. And there never will be. m 8 8 V? i a a y Model shown: 6595-1418-58 J6L BlancpaiN Exclusively at The Hour Glass: Singapore:156 words
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HOME NEWS
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458 1989-09-09 2 MARTIN SOONG - AN EYE ON PRODUCT AND SERVICE QUALITY By MARTIN SOONG THE Port of Singapore Authority (PSA) is studying tighter regulatory and procedural controls to maintain Singapore's lead as the world's largest bunkering port. Speaking to bunkering experts at the two-day Singapore International458 words
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192 1989-09-09 2 THERE will be more flights between West Germany and Singapore as a result of a revised liberal air services agreement. From next January, the airlines of each country may be allowed to operate Ave services a week between the two countries, instead of192 words
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180 1989-09-09 2 SINGAPORE will play host to some 800 delegates tor next year's offshore convention of the Travel Agents Association of New Zealand (TAANZ). Held from Sep 20-25 at the Mandarin Singapore, the TAANZ 1990 convention's theme will be "Singapore A Learning180 words
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Article985 1989-09-09 2 ARRIVALS DEPARTURES Operator Servtc* Local From Oporotor Sorvloo IfW^J For number rim* number Hmo S1A SQ023 0755 AMS/tOM MAS MH604 0740 KUL SVA SV398 0835 JED/RUH SU SQ058 0745 HKG/TPE KAL KE624 0840 KUL SU SQ092 0800 SHA/POC MAS MH646 0850 KUL GU GA961 0815 CGK SIA985 words
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197 1989-09-09 2 TWO NEW LAWS to ensure the safety, effectiveness and quality of contact lenses will be implemented in January. The legislstions fall under the Medicines Act 1975. These are The Medicines (Contact Lens Substances) (Specification and Prohibition) Order 1989 and The Medicines197 words
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Article, Illustration406 1989-09-09 2 GENEVIEVE CUA - By GENEVIEVE CUA DR LEE BOON YANG yesterday urged the construction industry to forge sn integrated approach among its various sectors designers. builders and suppliers of building equipment. The Senior Minister of State (National Development and Home Affairs) emphasised that an integrated406 words
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Article, Illustration485 1989-09-09 2 SANGEETA MULCHAND - PR SEMINAR FOR PRINCIPALS By SANGEETA MULCHAND SCHOOL principals, the Ministry of Education's frontline managers, are the bast people to put across a positive image of the ministry to the public in these rapidly changing times. Dalivsring the opening address at the Public485 words
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378 1989-09-09 2 SANGEETA MULCHAND - by SANGEETA MULCHAND THE TIME may come when schools will be run in a capitalistic way with parents "shopping around" for the school that projects the right image. The president of the Institute of Public Relations of Singapore (IPRS) Mr Yap Boh378 words
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Article, Illustration393 1989-09-09 2 SUZANNE SOH - By SUZANNE SOH JAPANESE firms will be out in force at the 4th Asian Retailers Convention and Exhibition in Singapore this month. Making up more than half of the 1,050 delegates to the event, the strong Japanese presence reflects the interest of Japanese retailers393 words
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227 1989-09-09 2 SOME 700 Muslim converts gathered at the Mandarin Hotel last** night in the first ever such gath- ering of Muslim converts here. Brought together by the ef-<" forts of the Muslim Converts' As- sociation of Singapore, the** converts met to renew oid ao quaintances227 words
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Page 2 Advertisements
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Advertisement22 1989-09-09 2 Daiwa i m. X .mf&£ >-cr., i}*nysZ i -'A.-.'lA^Llli2x.L.L U s* ■I wi »wi ■*»> <v .*=s» v"~/- '-*> ou L f TAIL »L22 words
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Advertisement8 1989-09-09 2 aMjmm*mdAommAkCmmhm73WU. A BREATH OF FRESH AIR Air Canada8 words
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FOREIGN NEWS
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356 1989-09-09 3 AP THE US government reported on Thursday that American businesses plan to increase spending on plant and equipment by 7.7 per cent in 1989 a sign that many company managers do not believe a recession is imminent. Businesses responding to a US CommerceAP - 356 words
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237 1989-09-09 3 AFP EC AGRICULTURE Commissioner Ray MacSharry said on Thursday the European executive opposed a "tariffication" plan, proposed by the United States at Gatt talks in the aim of removing a swathe of barriers to world farm trade. He warned that the EuropeanAFP - 237 words
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354 1989-09-09 3 Reuter MALAYSIA and twelve other developing countries are to set up their own summit-level economic grouping to provide a rival focus to the annual sevennation summits of Western industrialised countries. The new group was announced by former Tsnzanian presidentReuter - 354 words
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306 1989-09-09 3 Bernama THE MALAYSIAN Trade and Industry Ministry approved 86 projects from Taiwan with total proposed inveetments of M 5985.9 million between January and July this year, its minister, Datuk Seri Rafidah Aziz, said yesterday. This represented an increase from 40 projects approved withBernama - 306 words
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Article, Illustration372 1989-09-09 3 Bernama MALAYSIAN Trade and Industry Minister Datuk Seri Rafidah Aziz ia confident Malaysis will become sn important profit and business centre in the Asia-Pa-cific region and the government was making every effort to bring this about. She was quoted as saying this inBernama - 372 words
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204 1989-09-09 3 AP FERDINAND MARCOS started diverting vast sums of money to secret Swiss bank accounts within two years of becoming president, the solicitor general said yesterday. Frank Chavez made the statement in a radio interview during the second day of trialAP - 204 words
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Article, Illustration403 1989-09-09 3 AFP, Reuter PHILIPPINE President Corazon Aquino faced disarray in her ruling coalition yesterday, with the resignation of party chief Ramon Mitra, who is seen to have presidential ambitions. Mrs Aquino said she respected the decision of Mr Mitra to resign, adding,AFP,; Reuter - 403 words
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229 1989-09-09 3 AL O LABITA Jr - AL O LABITA Jr THE PHILIPPINES is confident of overshooting the US$B.O4 billion target in export receipts it set this year under its financing accord with the Internetional Monetary Fund. Trsde and Industry Secretary, Jose Concepcion yesterday said that he based his optimism229 words
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379 1989-09-09 4 Reuter THE JAPANESE ECONOMY is strong, but it is not overheating, a Bank of Japan official said after the release of the latest Bank of Japan quarterly survey of Japanese corporations. That survey showed the key diffusion index for manufacturing companies, which measures their confidenceReuter - 379 words
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229 1989-09-09 4 AP CONTRIBUTIONS to political parties, individual politicians and party factions in Japan totalled a record 172.28 billion yen (US$l.lB billion) in 1988. In an annual report, Japan's Home Affairs Ministry said the total represented an increase of 19.4 per cent over 1987. Ministry officials attributedAP - 229 words
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256 1989-09-09 4 AP MOVING to counter charges of collusion in its construction industry, Tokyo has ordered six Japanese construction firms working on a multibiliion-dollar airport project in western Japan to disband a price-fixing cartel, officials said on Thursday. Meanwhile, in a similar move, the Fair Trade CommissionAP - 256 words
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203 1989-09-09 4 AFP BUDGET REQUESTS by Japan's government ministries and agencies for fiscal 1990 were totaling 67.32 trillion yen (US$46l billion), an increase of 11.4 per cent, the Finance Ministry said yesterday. The fiscal year will begin next April 1. The ministry, inAFP - 203 words
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396 1989-09-09 4 AFP AN INDONESIAN DAILY has described how in a changing world Western countries were queue)ng up to do business with Mr Mikhail Gorbachev's reforming Soviet Union and asked: "Why not Indonesia as well?" "There is no reason to fear improved relations with theAFP - 396 words
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165 1989-09-09 4 Oana-Antara AS MANY as 147 airports across Indoneeia will be given priority in expansion programmes under the fifth fiveyear development plan (Repelita V, 1989/94), which will enable different types of aircraft to land, Communications Minister Azwar Anas has said. This was partOana-Antara - 165 words
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Article, Illustration392 1989-09-09 4 Reuter PRIME MINISTER Tadeusz Mazowiecki has unveiled an historic coalition government dominated by Solidarity and pledged to make sweeping political and economic changes to try to rescue Poland from "economic catastrophe". Mr Mazowiecki, ending 45 years of communist rule, told Solidarity legislators yesterday that the movementReuter - 392 words
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257 1989-09-09 4 AFP HONQKONQ property prices are picking up following a slump since the Beijing maaaacre in June, but analysts say the market's boom or doom still hinges on the China factor. The property sector, a key economic barometer in land-acarce Hongkong, Buffered aAFP - 257 words
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Article2105 1989-09-09 4 AT CONVENTIONAL WHARVES HUM Enp PaMa va *****0 4** M2C MSB Of Of/2000 OPOP/OTOO MOP/0900 OPOP/ 1500 Voy No MMa XX 4* MSA OPOP/OTOO OPOP/ 1500 VMM) Kappil w B«rt It Arrival Dapartura no, Station qiqh 2 P*4* 20* 01* M4B M4B M4A 0909/ 0B00 OBOP/ 10152,105 words
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Page 3 Advertisements
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Advertisement227 1989-09-09 3 DEWAR'S IPROFILE: (fi*i PEDRO JUEZ IK »Mi; Sp.mi. A< .K js l'll< 'I "LSSI< IK instructor sinre IK year* ol Tvn i< <• Spain's < liampion lor Riding ("HC>- ST). M< I'l'N Tofl\ tl> fly Kiilhtwith motor, v\ it I tout it in .1 t »:ill< x itt. hi an227 words
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Page 4 Miscellaneous
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Miscellaneous65 1989-09-09 4 V///'' W// Global tamparaturas Singapore OUTLOOK: 8l»«w«r« awMMMny mnm tm Mm Report for 24 houn prior ♦o 7.30pm on Sop 7 at tfto tu n Hra of •1.2 Doonesbury IKB6P THINKING I SHOULD HAVE HANPtW IT DIFFERENTLY. WELL, SIR, AS YOU AIMJAYS SAY, y(XJ HAVE 70 LEARN FROM YOUR MISTAKES65 words
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BANKING AND FINANCE
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Article, Illustration312 1989-09-09 5 Reuter GIANT American, Japanese and Latin American banks were used to launder huge illegal drug profits from the United States to Colombia's cocaine cartel, the United States government said in a court document filed on Thursday. A slice of the drug-smuggling financial netherworldReuter - 312 words
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120 1989-09-09 5 Reuter WESTERN GOVERNMENTS owed money by Nigeria will meet in London next week for informal talks initiated by the World Bank, diplomats said in Lagos. The Bank will brief delegations from Japan, the United States, Britain, France and West Germany among other bilateral andReuter - 120 words
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269 1989-09-09 5 QUAK HIANG WHAI - -By QUAK HIANG WHAI DBS BANK has invested another $15 million in upgrading its computer capabilities, following a 43 per cent rise in the volume of its on-line transactions. The major local bank yesterday signed an agreement with IBM Singapore to buy a new269 words
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324 1989-09-09 5 AFP THE CHAIRMAN and the managing director of Italy's Banca Nazionale del Lavoro (BNL) resigned on Thursday amid a spreading scandal over massive unauthorised loans granted to Iraq by the bank's branch in Atlanta. Georgia. The bank's board said, in aAFP - 324 words
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473 1989-09-09 5 Reuter HONGKONG'S once-vibrant foreign exchange market is shrinking, partly due to a severe labour shortage and liquidity problems, dealers said. "My personal feeling is that the golden time of Hongkong's foreign exchange business has gone and now it is in a downtrend."Reuter - 473 words
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336 1989-09-09 5 AP WHITE HOUSE economic adviser Michael Boskin on Thursday reinforced the Bush Administration's call on the Federal Reserve Board to lower interest rates. "My own personal view is if there are signs of softness in the economy from where we are now, that furtherAP - 336 words
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180 1989-09-09 5 Reuter AUSTRALIANS will have to suffer high interest rstes, which are crushing home buyers, until the economy slows further, Treasury Secretary Paul Keating said yesterday. His gloomy news came during a review of the economy, which he said was slowing, but which still retainedReuter - 180 words
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169 1989-09-09 5 Reuter THAI Finance Minister Pramual Sabhavasu dismissed speculation that the government will tighten money supply or allow lending rates to rise soon in a bid to fight inflation. Mr Pramual told rsporters he did not see the need to reeort to either measure ss theReuter - 169 words
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COMMODITIES
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Article520 1989-09-09 5 MALAYSIAN CRUDE PALM OIL prices fell from the day's highs but closed steady due to lack of fol-low-through buying and pre-weekend selling yesterday, dealers said. Prices eased in sympathy with late easiness in palm oil futures, they added. Operators were cautious following the Malaysian Palm oil Growers Council's520 words
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Article81 1989-09-09 5 CHICAGO BOARD of Trade (CBOT) soft red winter (SRW) wheat futures closed mixed on Thursday after lacklustre trading focused mainly on deliveries. Wheat prices finished up 1-1/8 to down one cent per bushel, with spot September 1/8 cent higher at US$3 97. May led gains at U553.92-1/2. CBOT corn81 words
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Article272 1989-09-09 5 London Nov/Doc Commodity Doc/ion 490tlr Exchange M'tion palm IcorvM OF Rotterdam il oil 5Hpc Buyer/Seller dosing prices Doc/Jon 450 on Sep 7 (£/tonoe unless Jon/Fob 452.5tir specified). Previous dosing prices in parenthesis. London Metal Coffee Exchange Bash in-stor* London, tellers Afternoon session closing option CIF London tone and272 words
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Article58 1989-09-09 5 CHICAGO BOARD of Trade soybean futures closed higher on Thursday, supported by strong commission house and fund account buying. The commission house Refco was a prominent buyer, purchasing as much as four million bushels of November soybeans. Soybean prices closed up 10 to 4-1/8 cents per bushel, with spot58 words
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Article198 1989-09-09 5 THE Kuala Lumpur Tin Markat prloa addad a cant to M 523.16 a kg at tha doaa on contfnuad ahortcovartng yaatarday, brokara aatd. Tha flrmar doaa oI tha London Matal Exchanga lant turlhar support, but diapoaata at tha hlghar iaval llmttad tha rtaa, thay sakl. 'Phyalcal damand la198 words
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Article196 1989-09-09 5 Chinese Produce Closing prices on Sept ember 8 Exchange Coconut oil (M$/100kg) Sellers' noon doting price* on New drums 133.00 September 8 (SS/100 kg) 2nd hand drums 127.00 Coconut oil Bulk 118.00 Bulk FOB 93.00 Local in bulk 115.00 Od drum FOB New drum FOB Copra 103.00 107.00196 words
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Article309 1989-09-09 5 SINGAPORE: Rubber price* closed firmer with October 1 RSS buyer quoted at 171.50 cents a kg yesterday. Dealers said prices rose on light buying interest in the afternoon. But trading was quiet with most operators sidelined ahead of the weekend. On the TSR-20 Award market, prices closed higher in309 words
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Article310 1989-09-09 5 RAS prices m s k >S In bate NOON aose Buyers Seders Buyers OSWWTJ Int 1 RSS Prompt 170 JO 171 JON 170 JO 171 JON Int 1 RSS Oct 171 JO 172 JO 171 JO 172 JO Int 1 RSS Nov 173 JO 174 JO 173J0310 words
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Article82 1989-09-09 5 (canft/kg) OCTOBER 1989 NOVEMBER 1989 (currant month) (forwoi •d month) RAS NOON NOON Bvy*r> StUtn Ivyan S#lltn sst 30 1 56.00 158.00N 157.00 159.00N SSB 50 154.00 15A.00N 155.00 157.00N MRELB lwy*n S»H»ri •vyan SMR CV 333.00 334.00N 234.00 226.00N SMI I 222.50 224.50N 334J0 2 26JON82 words
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MONEY AND EXCHANGES
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Article1425 1989-09-09 6 SINGAPORE: The US dollar closed mixed yesterday, easier against the yen and slightly firmer against most European currencies, after active trade, dealers said. It fell to 146.40/50 yen from New York's 146.80/87 finish but rose to 1.9615/25 marks against 1.9785/90 marks. The dollar fell in early dealings on1,425 words
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Article141 1989-09-09 6 Telerate FUEL oil prices held little changed in light dealings yesterday. Trade had come to a near standstill with few active participants seen. Offers for CST--180 cargoes were at US$B9 per tonne on an fob or delivered basis. More CST-380 cargoes were expected to arrive inTelerate - 141 words
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Article418 1989-09-09 6 HONGKONG: Gold closed marginally easier in thin, quiet trading yesterday, dealers said. They said local, speculative buying prevented gold prices from sliding further on selling by Japanese and Australian traders. "Gold should have technical support at U*****," a dealer said, adding he expected quiet trade to continue later418 words
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Article170 1989-09-09 6 ASIAN DOLLAR deposit rates ended little changed from opening levels, after a quiet day's trading yeeterday. us: om 1 MO 7 day* 9 9 1/16 7/S 13/16 2 mamtm 9 7/» 2 «ond» 9 7/» 6 m*i 9 9 mmtm 9 7/i 12 MMh IS/16 12/16 S*170 words
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Article502 1989-09-09 6 EURODOLLAR futures closed steady to slightly higher, after fluctuating narrowly In quiet trading on Simex yesterday. Dealers said trading was largely technical with operators unwilling to take large positions due to lack of freah factors and ahead of the weekend. The market waa awaiting next week's release of a502 words
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Article200 1989-09-09 6 IMM currencies cloeed with pared losses after late nervous s ho recovering on Thursday, traders said. Although sentiment remained decidedly bearish, nagging worries about central bank intervention sapped the market of momentum and left futures mired in ranges for much of the day. Concerted dollar-eelling by the Federal Reserve200 words
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Article160 1989-09-09 6 Gold futures on September 7, 1989 100 tro; ouncM. USS par troy our V* Opan Law S*P 340 20 .40 Oct ***** 342.70 341.40 342.30 .40 Now 344.20 .40 Ok 345.50 344J0 345.10 344A0 40 Fob 349 JO 3*970 349JO 349.90 .40 37X10 374.30 37X10 374j00 .40160 words
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Article107 1989-09-09 6 Treasury bills Day's Period Issue Yesterday's dosing code Maturity W0 OWft MGH LOW 3 &Q*****V 7.12.89 4.31 4.26 4.28 4.27 6 mwiN RS*****V 18.01.90 4.20 4.15 1 yor 8Y*****F 24.05.90 433 4.28 Government notes and bonds Period bsue Maturity Coupon Yesterday's dosing Day's code ro ite WD107 words
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Article, Illustration174 1989-09-09 6 ttw prims tondtog r>>n of 12 mator banks In S-'pors Interbank market n 1 I OB us$ DM SWFC Y«n 7 4oyt a -•7/3 •7/3 •7/% *-•7* 15/14 13/14 14 13 7/1 14 1/14— 13 15/14 14 4/14 13 13/14 14 1/14—13 IS/14 13 13/14—11/14 7 1/14174 words
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Article40 1989-09-09 6 THE overnight rat* on the Singapore money remained unchanged at 5-1/4 per cent yeeterday. Term ratee were aleo unchanged. Ow- 1/4 i-mmtk S 1/4 ]-aMk S 1/4 3 1/« 1 9 1/4 9 1/» OwiM mod* S 1/440 words
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Article1253 1989-09-09 6 CURRENCY FUTURES OPTIONS DEUT* rriiinu rnooy CHEMARK (Mi S#pton «X) bar 8, 1989 •*»< i llbp M pMH LOW S3 1SI S3 251 54 Bi| MRM MMflfl rv\ 351 JAPAN UK ICR (MM m p Mto M* U« Ml M#l Low •m 71 73 1 3*0 73 4M 751,253 words
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COMPANIES & STOCK MARKETS
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Article, Illustration626 1989-09-09 7 TWO MAJOR DEVELOPMENTS ACROSS THE CAUSEWAY MBT THE MALAYSIAN Panel on Takeovers and Mergers haa laid down some general guidelines on partiee taking over ailing companies which among other thinge will allow them to aeek a waiver from making a mandatory general offer.MBT - 626 words
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452 1989-09-09 7 MBT THE MALAYSIAN CAPITAL Issues Committee has revised its guidelines on new issues of securities which will sllow for even greater flexibility in the pricing issue shares. Under the new guidelines, the range of prospective price earnings ratio for determining the pricing of shares hasMBT - 452 words
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421 1989-09-09 7 Bernama ARAB MALAYSIAN Property Trust Management Bhd, which will be listing its Arab Malaysian First Property Trust units on Sep 29, is to make more acquisitions. Chairman Datuk Malek Merican said the Trust needed one or two more acquisition to be moreBernama - 421 words
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303 1989-09-09 7 MALAYSIAN TOBACCO Co Bhd has posted a 12.6 per cent increase in group after-tax proflta to M 518.52 million for the first half year to June 30, 1989. MTC said the higher profita reflected improved trading margins partly aa a result303 words
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807 1989-09-09 7 ANDREA BORCH - By ANDREA BORCH THE SESDAQ market closed yesterday on one of its most active weeka and is likely to hold investors' attention for a while. However, brokers aaid volume on the aecond securities market will eventually taper off, but probably not to the807 words
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232 1989-09-09 7 NST UMW HOLDINGS Bhd has teamed up with two parties to set up a Msl2 million facility called UMW Citra Maju Sdn Bhd to provide upstream facilities for the petroleum industry. UMW Holdings group managing director Shiew Wan Shing said UMW Holdings holdsNST - 232 words
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Article, Illustration270 1989-09-09 7 SHIPBUILDER Singmarine Industries Ltd, a member of the Keppel group, yesterday delivered on schedule to Thai Oil Co Ltd a recently completed product tanker. This was done through its wholly-owned subsidiary, Singapore Slipway and Engineering Co (Re) Ltd. The contract to270 words
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SES
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Article, Illustration1112 1989-09-09 8 HERMAN PHUA - 9 W t>y HERMAN PHUA STRONG OVERSEAS buying into index-component stocks pushed the Straits Times Industrials Index up for the eighth consecutive day. Despite negative signals from major overseas markets, the STII continued its climb yesterday. It hit an intra-day high of1,112 words
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Article228 1989-09-09 8 Manogtn' prices for Sep 9 and 11 Singapore Unit Trust Tfc* Comuci 123 130 !>• Sovmgj Fund I0» 1.15 S'por* Prog Fund 0« 053 S'por* S«c Fund 0./7 082* S'por* lnv«)t Fund 086 a»i S'por* Gqwty Fund 0.58 062 Asia Unit Trust Mai Inva* Fund 141 170 Moi228 words
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Article62 1989-09-09 8 MATSUSHITA ELECTRIC CO (M) BERHAD: AQM at the company's office on Sep 12, Tuesday, at 10am. SOUTH JOHORE AMALGAMATED HOLDINGS BERHAD: 43rd AGM at No. 12. Lorong Abu Sitl, ***** Pulau Pinang, on Sep 12 at 10am. UNITED OVERSEAS BANK LIMITED: EGM in the Board Room, 30th Storey.62 words
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Article6314 1989-09-09 8 Qr's Qr's 1989 Tal Last Vol Day Last O into Dlv Dto rid Not M Cap High Low Cod* Company Sal* +oc(*909) aa«—a. nign Low Buyer 1 1^ C'vr P/E Smll SEP 09 SESDAQ 220 120 t 4000 Amtek Eng 20# 220 11 500 220 211 2206,314 words
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KLSE
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Article, Illustration3565 1989-09-09 9 NST BULLS continued to dominate trading on the Kuala Lumpur stock market yesterday in active trading. Share prices continued to forge ahead, culminating in a fifth consecutive winning session this week. Although component stocks led the way in pushing up the 30-counter New Straits TimesNST - 3,565 words
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REGIONAL MARKETS
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Article, Illustration503 1989-09-09 10 FORECAST OF 32pc RISE IN NET PROFIT Reuter AIR NEW ZEALAND Ltd shares are being offered to the public at NZ$2.4O each, the airline said in a statement yesterday. It also forecast a 32 per cent rise in its consolidated net profitReuter - 503 words
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214 1989-09-09 10 Reuter JAPANESE corporate current profits are likely to rise by an average 7.0 per cent in the year ending March 31, 1990, over the previous year when they rose 24.3 per cent, a survey by Wako Research Institute of Economics Inc showed. The researchReuter - 214 words
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Article317 1989-09-09 10 Reuter SEOUL stocks snapped back in a technical rebound yesterday after five consecutive days of declines from near the 1,000-point mark, brokers said. The composite index gained 6.10 to close at 963.3. Turnover was 344 billion won against 371.4 billion on Thursday. Brokers said investors who took profitsReuter - 317 words
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Article100 1989-09-09 10 Reuter FOREIGN BUYING of Philippine blue chip stocks helped buoy prices on the twin Manila and Makati stock exchanges yesterday. but high domestic interest rates continued to dampen local interest, dealers said "Foreign funds were interested in certain selected issues, but high interest rates are keeping localsReuter - 100 words
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Article112 1989-09-09 10 Reuter NEW ZEALAND shares closed higher on bargain hunting yesterday as the heavy selling of the previous two days fizzled out in moderately active trading, brokers said. The market, which began recovering on Thursday afternoon from the sharp fall in the day's morning session, extended its reboundReuter - 112 words
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202 1989-09-09 10 Reuter BONO CORP Holdings Ltd has no plans to sell its 51.6 per cent-owned subsidiary Bond Media Ltd, Bond Corp managing director Peter Beckwith said. Mr Beckwith said in a statement that news reports that Bond Media, which operates Australia's top-rat-ing private television network,Reuter - 202 words
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Article451 1989-09-09 10 Reuter THE TAIWAN stock market hit a record high for the second straight day yesterday, leaving bemused analysts guessing about how much higher it can climb. "No economic logic can tell where the market will go," said Tracy Cheng, vice-president of the Tsiwan Stock Exchange. TheReuter - 451 words
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Article224 1989-09-09 10 Reuter THAI STOCKS closed mixed yesterday after nervous selling at the opening was offset by strong buying support from local investors just before the close, brokers said. The SET Index gained 3.64 points to finish at 708.84 in very active trade. Declines led advances 64 to 49. MostReuter - 224 words
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Article178 1989-09-09 10 Reuter SHARE PRICES fell broadly on heavy profit-taking yesterday despite a fairly encouraging economic outlook from the Reserve Bank of India, dealers said. The Bank estimated 5 per cent growth in GDP for fiscal 1969/90 against 10 per cent the previous year and compared with 3.6 perReuter - 178 words
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Article, Illustration1268 1989-09-09 10 Hongkong Reuter, AP ACTIVE overseas buying boosted prices of Hongkong blue chips yesterday as turnover jumped, brokers said. The Hang Seng Index ended 37.47 points, or 1.45 per cent, higher at 2,620.63. The broaderbased Hong Kong Index rose 24.65 to 1,728.92 as HK11.12 billion of sharesReuter,; AP - 1,268 words
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Article, Illustration471 1989-09-09 10 Tokyo Reuter THE MARKET closed mixed on wobbly legs yesterday after a roller-coast-er ride in moderately active trade. A spurt of selling in the bond market at mid-after-noon pushed shars prices down after earlier highs. Index-linked buying pumped them back up before the sellers again won outReuter - 471 words
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Article, Illustration446 1989-09-09 10 Sydney Reuter AUSTRALIA'S share market recovered from a listless start to end the day's trading on a firmer note as sellers stayed away in afternoon business, brokers said. The All Ordinaries finished 8.6 points up at 1,758, adding 9.4 points over the week, despite a slide ofReuter - 446 words
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WORLD MARKETS
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Article, Illustration774 1989-09-09 11 New York Reuter WALL STREET notched up Its third loss in a row on Thursday, as late afternoon program selling reversed a slight blue chip advance. Analysts said the decline was further indication of the market's move to consolidate its gains. Worries about interest rates alsoReuter - 774 words
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Article, Illustration837 1989-09-09 11 London Reuter SHARE PRICES opened stronger in fairly low volume yesterday as the market shrugged off any negative influence from a weaker close on Wall street on Thursday. One dealer said: "I think there are quite a few people short of stock. There was talk of aReuter - 837 words
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466 1989-09-09 11 Reuter WEST GERMANY yesterday approved a controversial takeover of Messerschmitt-Boelkow-Blohm (MBB) by Daimler-Benz, creating the country's largest defence group, but set conditions on the deal, the Economics Ministry said. "The planned purchase of a majority stake in MBB by Daimler-Benz leads to substantial economicReuter - 466 words
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463 1989-09-09 11 SALE OF 14.9 pc STAKE ENDS MONTHS OF SPECULATION FT RANKS HOVIS MCDOUGALL. the food and bakeries group, has •old the 14.9 per cent stake it acquired four months ago in Goodman Fielder Wattle, the biggest food company in Australia,FT - 463 words
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147 1989-09-09 11 Reuter THORN EMI pic Mid its Kenwood kitchen appliance business has been sotd under a management buyout led by Kenwood managing director Timothy Parker and Candover Investments pic. Thorn will receive £54.6 million in cash, including repayment of loans and a £1.9 millionReuter - 147 words
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Article56 1989-09-09 11 FT SHARES in Saatchi and Saatchi, the world's leading advertising agency, jumped lip to 321p after a Tennes-see-based investment management group. Southeastern Asset Management. emerged with a 9.4 per cent stake. The acquisition will increase speculation about the future of Saatchi which announced in June itFT - 56 words
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330 1989-09-09 11 Reuter GEC SIEMENS pic, the bid vehicle for Britain's General Electric Co (GEC) and West Germany's Siemens AG. said yesterday that it had 48.6 per cent of British electronics firm Plessey Co pic. GEC/Siemens said it received acceptances for its £2 billion,Reuter - 330 words
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Article1285 1989-09-09 11 Reuter ZURICH: Swiss shsres closed easier yesterday but mostly sbove the day's lows on fresh buying towsrds the end of the session. Oeslers said volume was small, with many investors holding back on uncertainty about interest rstes. The all-share index fell 4.1 points to 1,214.1, compared withReuter - 1,285 words
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279 1989-09-09 11 Reuter LEVERAGING IN a takeover bid is not s criterion in deciding whsther ths bid should be investigated by the Monopolies end Mergers Commission, British Corporals Affsirs Minister John Redwood said. Mr Redwood, however, declined to comment on the current highly leveragedReuter - 279 words
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Page 7 Advertisements
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Advertisement347 1989-09-09 7 m I \l lus|\ Jt Precision mastery since 1775 t7 wim i' I I <»111 .I.IW Ta Malaysian Tobacco Company Berhad PROFIT AND DIVIDEND ANNOUNCEMENT The Board of Directors announce the following unaudited results for the first half year to 30th June 1989. With effect from Ist January 1969, the347 words
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Page 8 Advertisements
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Advertisement17 1989-09-09 8 Tasty Teochew at Qiao Zhou CHAD ZHOU GARDEN RESTAURANT 6. UK Budding Shenton Way Tel: 225 635517 words
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Page 9 Advertisements
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Advertisement14 1989-09-09 9 Fresh delights at Kampachi [yw\ 6. UIC Buildins Sh«Hon Way Td: 222 4615 o>14 words
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Page 10 Advertisements
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Advertisement796 1989-09-09 10 NOTICES In the Matter of the Companies Act, Cap. 50 And In the Matter of SUNKING FOODSTUFFS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 102 Upper Cross Street #07-02 OO Building Singapore 0105 on 5 September 1989796 words
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Advertisement921 1989-09-09 10 IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF THE MALAYAN ENGINEERS (PRIVATE) LIMITED NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company, which is being wound up voluntarily, are required on or before the 15 October 1989 to send their names and921 words
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Advertisement130 1989-09-09 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BIG BOY PRIVATE LIMITED Advertisement of Creditors Meeting Under Section 296 NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act, Cap. 50 that a meeting of the creditors of the abovenamed Company will130 words
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Page 11 Advertisements
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Advertisement8 1989-09-09 11 Zurich and Vienna prlcas war* not availabla yastarday8 words
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Advertisement259 1989-09-09 11 KAMPONG LAN JUT TIN DREDGING BERHAD (Incorporated in Malaysia) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Sixty-First Annual General Meeting of members of Kampong Lanjut Tin Dredging Berhad will be held at the Conference Room 1, Ist Floor, The Merlin Kuala Lumpur, N0.2, Jalan Sultan Ismail,259 words
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514 1989-09-09 12 FOO CHOY PENG - OUTFLOW EXPECTED TO STABILISE IN THE EARLY NINETIES By FOO CHOY PENG THE Hongkong government yesterday forecast that 55,000 HongIkongers would emigrate from the -British colony next year ,13,000 more than what is expected this year. This essentially reflects the ".scramble for permanent514 words
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369 1989-09-09 12 AFP THE AMERICAN government, raising the spectre of Soviet attack, has called on Manila and its partners in Asean to support a continued US military presence in the Philippines. The government-funded US radio network Voice of America (VOA), in an editorial textAFP - 369 words
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321 1989-09-09 12 Reuter THE CANCELLATION and freezing of loans and aid to China by Western countries comes to several billion dollars but the effect will be partial and temporary, the Ministry of Foreign Economic Relations and Trade said. The Economic Information newspaper quoted aReuter - 321 words
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371 1989-09-09 12 Reuter INDONESIA, the world's third largest coffee producer, will put forward a new quota scheme at the upcoming International Coffee Organisation (ICO) talks. "We want structural changes in the new coffee pact which would reflect the current world coffee situation objectively,"Reuter - 371 words
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Article70 1989-09-09 12 AP FIVE Malaysian officials leave for China today on a mission to study establishing a bureau there to provide technical advice to consumers and importers of Malaysian rubber, an official statement said yesterday. The mission, led by Malaysian Rubber Research and Development Board Chairman AhmadAP - 70 words
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Article, Illustration278 1989-09-09 12 Reuter INDIAN Prime Minister Rajiv Gandhi said yesterday an agreement has been reached with Sri Lanka on the withdrawal of Indian troops from the war-torn island, subject to the approval of President Ranasinghe Premadasa. Mr Gandhi told reporters on his return fromReuter - 278 words
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223 1989-09-09 12 AFP PRESIDENT Corazon Aquino, in a statement issued yesterday, said the Philippine government would do all it could to sustain the country's economic recovery despite a decline in the value of the peso and a rise in inflation. "TheAFP - 223 words
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308 1989-09-09 12 AFP TRADE TALKS between the US and South Korea foundered yesterday with Seoul insisting that it would not open its lucrative telecommunications market before late-1992. During intensive workinglevel talks in the South Korean capital, which had been scheduled for WednesdayAFP - 308 words
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398 1989-09-09 12 Reuter JAPANESE Prime Minister Toshiki Kaifu and Canadian Prime Minister Brian Mulroney have agreed to Join together to help promote the world's free trade system and prevent US protectionism. During their two-hour talks on Thursday, the two leaders also agreed on the needReuter - 398 words
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161 1989-09-09 12 Reuter SALES OF major Japanese manufacturing companies are expected to rise by 5.5 per cent in calendar 1989. while those of the non-manufacturing sector are expected to show a 7.1 per cent increase, according to a Bank of Japan official. The official told reportersReuter - 161 words
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Article95 1989-09-09 12 Reuter COMEX gold futures posted small early gains early yesterday on odd lot buying against a soft dollar but activity was very light. December gold was up US$O.3O at U*****.30 an ounce after holding in a US$O.5O range from U*****.50 to U*****.00. The overnight trading rangeReuter - 95 words
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LATE FILE
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Article72 1989-09-09 12 AFP VIETNAM does not expect a Khmer Rouge attack on its troops during its September 21-26 retreat from Cambodia, but believes the resistance faction will attack the country's northwest after the pullout. military sources in Hanoi said yesterday. But Khmer Rouge fighters have recently receivedAFP - 72 words
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Article43 1989-09-09 12 Reuter THAILAND said yesterday that its security was threatened by Cambodian government troops gathering along its eastern border. "What we are concerned about is the civil war which is about to erupt in Cambodia," a Foreign Miniatry spokesman said ReuterReuter - 43 words
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Article40 1989-09-09 12 AFP INDONESIAN President Suharto visited Samarkand yesterday on the second day of his state visit to the Soviet Union. Mr Suharto is to travel on to Leningrad and Moecow where he will meet Soviet President Mikhail Gorbachev.AFP - 40 words
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Article61 1989-09-09 12 AFP THE SOVIET Selkhozpromexport foreign trade company and the Indonesian Prima Comexindo firm announced yesterday that they had signed an agreement to set up a tea-processing joint venture in Indonesia. The two firms also agreed to a joint venture to pack Indonesian tea imported to theAFP - 61 words
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39 1989-09-09 12 Reuter. The Thai Cabinet approved a £7.7 million budget for Thailand's contribution to a £182.5 million the 22 International Tin Council members agreed to pay creditor banks and brokers in an out-of-court settlement Reuter.Reuter. - 39 words
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Page 12 Advertisements
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Advertisement136 1989-09-09 12 The office is your business IT'S MORE THAN just a place to work. Your office is home to your business, your livelihood. It is where critical decisions are made, where information vital to those decisions must be readily available. It pays to plan your office. And it pays to advertise136 words
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Advertisement20 1989-09-09 12 Golden time teems over for HK forex market, PAGE 5 HK property market still hinges on China factor, PAGE 420 words
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Advertisement106 1989-09-09 12 FOR BITS AND BYTES 1 1/ i Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, the TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is106 words
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Executive Lifestyle
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Article, Illustration262 1989-09-09 13 WE'VE all heard of safe sax. Unsafe sex. How about moderately safe sex? Want to know what that is? Get hold of this brochure by Action For Aids Singapore, which you get free if you happen to be on the disco Top Ten's mailing list. One262 words
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Article, Illustration953 1989-09-09 13 SAM FANG - SAM FANG is no rugged adventurer, but when it comes to battling nature on its own turf, he doesn't pass up the challenge. Here, he recounts how he weathered danger, tuk-tuk rides and motion-sickness with fellow adventurers in Chiangrai and discovered... SAM FANG SCENE: The whit*953 words
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Article, Illustration882 1989-09-09 13 PENNY STALLINGS - Poor old Woody Allen. He's the funnyman who doesn't like jokes. PENNY STALLINGS asks why we have to suffer along with him PENNY STALLINGS Punch WOODY ALLEN is depressed again. "What has Woody got to be quite so depressed about?'' you may well ask. "So toughPunch - 882 words
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Commentary
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Article, Illustration747 1989-09-09 14 JEFFREY TSANG - JEFFREY TSANG PROTECTIONISM is srguably the ulgiest word in intsrnational trade circles today. Japan, Korea, Taiwan and a, score of developing end underdeveloped nations in both the Esst and West have been accused by developed countries of barring antry of foreign goods and services. Each747 words
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Article, Illustration1208 1989-09-09 14 ZHOU MEI - ZHOU MEI SOME SINGAPOREANS associated Tan Sri Lee Slow Mong (Aug 8. 1915 Aug 31, 1909) with fengshui geomancy. The eame people assumed that fengshui was Chineee culture, period. Tan Sri Lee never gave up trying to correct such a dismal misconception of a 5,000-year-old1,208 words
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Article, Illustration780 1989-09-09 14 WALTON MORAIS - WALTON MORAIS WHEN 500 of Singapore'* top corporate end marketing brains come together for e netionel cause, it is an event that aimply cannot be ignored. The National Marketing Workshop held a fortnight ago in two venues the Shangri-La Hotel and780 words
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640 1989-09-09 14 LEE KIP LEE - Letters to the Editor LEE KIP LEE Dnt Sir, It is appropriate that, after the hue and cry of National Day have subsided, our thoughts should dwell on our search for our national identity and national pride, and the direction we are taking in640 words
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220 1989-09-09 14 LEE HOCK GUAN - LEE HOCK GUAN for Dli ictui Qwinl of Public Works in-i -i-. m,y nMM Ministry Of nanonai DMr Sir, Please refer to the letter "Flyover way to free major roads of traffic jams" by Mr R Mortis (BT Aug 12. 1969). Many220 words
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255 1989-09-09 14 R GILL - R GILL Dear Sir, I refer to the recent report that a group of Changi Beach Club members overwhelmingly approved resolutions to the effect that membership should be transferable. As a family member who paid only a few hundred dollars more than 10 years255 words
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Article243 1989-09-09 14 NICK VANN - NICK VANN Dmt Bk, In case the SBC (Singapore Broadcasting Corporation) decides to ban the Roiling Stones record Can't Oat No Satisfaction as a result of Richard Seah's article "The hypnotic powers of rock music" (Business Times weekend edition, Sep 2/3), I thought as a long243 words
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Executive Lifestyle: Pursuits
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Article, Illustration801 1989-09-09 16 N K YONG - tytfine t By N K YONG MAISON Joseph Drouhin's range of wines is large, but with a tendency to reflect some sort of house-style. Hence, the individuality of the wine must be allowed to express itself, which is where the wine-maker s integrity comes in.801 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration367 1989-09-09 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG YOU WOULD NOT have expected it of Keyaki. Promotions? An awful word, to begin with. It sounds so crass and unsophisticated. But, commercial it may seem, promotions have barged into our lifestyle and settled comfortably into our society. And they are now perceived367 words
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907 1989-09-09 17 RICHARD SEAH - HEALTH By RICHARD SEAH Richard Seah is the editor' of The Good Life, a iocel health magazine. LOCAL FARMERS have come a long way from the days of changkuls and nightsoil, as can be seen at the current Agrotechnology Fair in Chua907 words
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SHORT TAKES
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Article117 1989-09-09 17 POOR old Ralph Lauren. For the designer who draws his inspiration for the American look from the various American nooks, he must surely be running out of ideas. Because he's now into the Red Indian look. No, it's not feathers and war paint. Nor moccasins and wigwams. And117 words
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Article, Illustration149 1989-09-09 17 OKAY, first we learnt about bein people-oriented instead of being goaloriented. Then, we found out about the "management" of "human resource". And now. to help us achieve our need for seif-actualisation, we have a seminar to help us focus on maximising human resource potential. Yes, it's the "Survival149 words
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Article, Illustration990 1989-09-09 17 JUANITA SHAKILA - Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Shell Frb day Lunch time Gut tural Programme. On Sep 15, you get to attend a concert by French accordionist Quy Vivier. Both programmes will be held at the Shell Theatrette, 3rd Floor, Podium Block, Shell Towers. 12.30pm, free. A Vaudeville On Sen990 words
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Article, Illustration583 1989-09-09 18 JAIME LYE - FASHION By JAIME LYE I WANDERED into Metro Paragon on Thursday night to buy some deodorant but I ended up getting married instead. The only problem was, I didn't know who my spouse was. No. the department store had not brought in a justice583 words
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649 1989-09-09 18 FOO CHOY PENG - JLette.r from fJ-Corigks>Ttg < By FOO CHOY PENG A HONGKONG friend remarked the other day that he didn't like the idea of Singapore throwing its doors wide open to tens and thousands of his fellow Hongkongers. Resistance from some Singaporeans I could understand.649 words
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Article, Illustration975 1989-09-09 18 Roger Loh - BPPP Roger Loh SERGIO MENDES: Arara (AMQ These are celebratory times for Sergio Mendes fana. Not aince the looaely aaaembled Brazil *06 has there been such an exotic blend of percussive enthusiasm. In what must be his most personal and original work in ages,975 words
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542 1989-09-09 18 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY A COUP known in bridg« terms as the Morton s Fork is used to get around the difficulty of making the slam contract on the following deal. The problem was put to students who were taking the advanced level examination542 words
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Article, Illustration731 1989-09-09 19 SAMUEL EE - CINEMA By SAMUEL EE HI, EVERYONE. In my new cool movie called Big Top Poo h I play my usual nerdy self, complete with a bright red bow tie and a suit two sizes too small. In this movie, I live on a farm731 words
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Article, Illustration666 1989-09-09 19 JAIME LYE - By JAIME LYE THERE'S something wrong in the' neighbourhood. People sre paying money to watch three grown men run around with vacuum cleaners strapped to their backs trying to take the Statue of Liberty for a walk. Excuse me sir, you standing outside Qhodbmfn666 words
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Article, Illustration598 1989-09-09 19 Jaime Lye - The king of hype and pulp by Jaime Lye DEAR MR KING. I have to congratulate you. Your PH Stnmtary really hits the spot, and is definitely a movie to be recommended to all who hate children and pets. Tell me, what's your secret? How does one whose brain must598 words
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Executive Lifestyle: Personal Investment
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Article, Illustration720 1989-09-09 20 KEVIN GWEE - US ECONOMY By KEVIN GWEE AMERICA WILL NOT. as most economists forecast, undergo a recession now or a soft landing in 1960 and 1980. It will instead go through a slowdown, then rebound before plunging into a recession. This "third view" is offered by Mr Richard720 words
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Article, Illustration814 1989-09-09 20 RUYEE HOW - By RUYEE HOW Mr How is general manager, development consultancy and research department. Richard Ellis Pte Ltd. vn* THE IDEAL situation for real es"tate entrepreneurs is to develop a project in prime location. But is not always possible in land-scarce Singapore. How, then,814 words
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Article446 1989-09-09 20 UK INVESTMENT TRUSTS Pricee (as at 8 A 00\ Conversion terms Premium/ (discount) using Expiry Company Amount issued (m units) .y.wj Conv ratio Exer price Optionee* Wrts Share Ln stk Ln stk nom value Cash Cash 1 Lnetk' Gearing 4 Date mths left CKTang Chuan Hup446 words
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782 1989-09-09 20 INDONESIA Reuter JAKARTA'S TINY stock market is shooting through the roof, and analysts wonder if its creaky framework of regulations can take the pace. Finance Minister Johannes Sumarl in said in a speech that he recognised the growing pains, but they wouldReuter - 782 words
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374 1989-09-09 20 HERMAN PHUA - MUTUAL FUNDS By HERMAN PHUA BOSTON-BASED Fidelity Magellan Fund has kept its top position as the most profitsbls mutusl fund for the fifth year running. In its 1989 snnual survey. Forbes magazine says Fidelity Magellan turned in an average annual total return of 23.9 per374 words
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816 1989-09-09 20 FT INVESTMENT TRUSTS have a reputation for being difficult creaturee to fathom. Analysts and fund managers tend to use a lot of market jargon when talking about them. Because investment trusts are individual shares quoted on the stock exchange, they are subject to detailedFT - 816 words
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Article, Illustration183 1989-09-09 20 FT AS THE accompanying graph shows, the sversge discount on investment trusts fluctustes considerably with time. In fact one characteristic feature of 1989 has been the steady narrowing of the average discount throughout the sector. County Nat West. in its Istest report on the investment trustFT; Source: FT - 183 words
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Don't quote me...
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Article, Illustration78 1989-09-09 21 FOR WEEKS, rumours circulated in the market that some family members of a publicly-listed company had offered a stake in the company to an outside party. Wanting to get to the bottom of this potentially explosive story, BT confronted the chairman of the company. His reply put78 words
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Article73 1989-09-09 21 A SIGN OF the times. Flamboyant Australian businessman Alan Bond's empire is literally falling apart at least in Hongkong. Workers in the British colony were recently seen removing the Bond Corporation logo from the Bond Centre in Admiralty following the sale of his half share in73 words
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Article105 1989-09-09 21 WATCH OUT, Raffles Place yuppies with continental cars and fancy attache cases. Just last week, somebody smashed the front window of a stockbroker's BMW parked in the Shell Tower basement carpark and took away his Italian attache case. The case was later found at one of105 words
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Article92 1989-09-09 21 THE WESTIN HOTELS at Raffles City yesterday said the power blackout which affected the complex two Fridays ago was caused by a "flash-over from the power transformer" at the Public Utilities Board's Beach Street electrical sub-station. The blackout, reported in this column last Saturday, meant many of92 words
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Article, Illustration418 1989-09-09 21 C DOW - By C DOW Mr Dow is an investment manager for a major publiclylisted company. This forecast has been made solely on technical grounds and is a personal view of the writer and not to be construed as investment advice. BETWEEN SEPTEMBER 1985 (when US$l418 words
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Article840 1989-09-09 21 ANDREA BORCH - GLOBAL MARKETS By ANDREA BORCH THE STRONG performances of global stockmarkets in August are too good to last and investors should be cautious, advises Oavid Puller in his latest edition (Aug 31) Fuller Money newsletter. Seventeen indices hit new highs last month, with the average gain for840 words
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Article, Illustration976 1989-09-09 21 LORETTA McLAUGHLAN - SSQO2. By LORETTA McLAUGHLAN WATCHING THE headlines over the past few months, it looks as if Hwa Hong Corporation Is celebrating its first decade as a public company by coming out of its shell. Until now, the family-run group has kept a low976 words
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Article, Illustration146 1989-09-09 21 STANLEY NG - tiMHHHHH■■■■■ <9G|Pf tp^rcra 1 By STANLEY NG THE STRAITS TIMES Industrials Index finished one of its strongest week In recent months with a 55.96-point Qain to 1,419.69 yesterday, a postCrash high. On the 100-day Equivolume chart, the STII rose sharply from a double bottom formationSource: Cresvale Research - 146 words
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Executive Lifestyle: Sports
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Article, Illustration829 1989-09-09 22 TENNIS NYT I* WAS SUNSET when Jimmy Connors, the 37-year-old veteran o< 20 US Opens, inspired a standing ovation from the 20,000 fans who packed the stadium court on Thursday at the National Tennis Centre in New York. They were cheering for a miracleNYT - 829 words
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Article, Illustration535 1989-09-09 22 JEROME FANDOR - HORSERACING With JEROME FANDOR BEAU DANCER can surprise in the M 550,000 Dato Yeoh Cheang Lee Memorial Trophy to be run over the Ipoh 1600 m course tomorrow. The five-year-old by the New Zealand sire Beaufort Sea won in good style last week in only his535 words
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Article, Illustration416 1989-09-09 22 MOTOR RACING AP WORLD Formula-1 champion Ayrton Senna says he expects a good relationship with his future teammate, Gerhard Berger, following a difficult and tense season with French veteran Alain Prost. Berger, currently driving for Ferrari, will join Senna at McLar-en-Honda in 1990 whileAP - 416 words
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Article, Illustration448 1989-09-09 22 CHARLES SAVAGE - SQUASH By CHARLES SAVAGE IF THEIR performances match their seeding*, world No 2 Jansher Khan will meet No 3 Chris Dittmar in the finals of the 20th Anchor Beer Squash Open on Sep 23. Jansher is riding high after wins448 words
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429 1989-09-09 22 ATHLETICS AP SAID AOUITA, the world's outstanding distance runner, was added to the African team yesterday for the World Cup track and field meet, giving the threeday competition a tremendous boost. In placing the mercurial Moroccan into the 5,000-metre raceAP - 429 words
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519 1989-09-09 22 BOXING AP THE US$3-MILLION contract signed to stage the Mike TysonRazor Ruddock fight in Edmonton on Nov 18 is as solid as Iron Mike's bulldog physique, one of the architects of the deal said. Halifax promoter Sonny McPhee said on Thursday that a reportAP - 519 words
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352 1989-09-09 22 GOLF AP KEITH CLEARWATER made five birdies in a seven-hole span on the way to a 6-under-par 66 on Thursday and a one-stroke lead over a tightly bunched fiekj after the first round of the US$5OO,OOO BCAP - 352 words
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338 1989-09-09 22 AP ANDREW MURRAY, who suffers from a bone problem that threatens to shorten his golfing career, shot a 6-under-par 66 to take a one-stroke lead over Australian Peter Fowler in Thursday's first round of the European Open. Several players on the European team forAP - 338 words
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Executive Jobs
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584 1989-09-09 23 ANNA TEO - -I* ANNA TEO TANAH MERAH Country Club. Tanglin Club and Raffles Country Club got top billing ts the company favourite#. And Nisaans, Marlr- and Hondaa rata among tha moat popular Q-plate cars. Findinga on tha choice cara. cards and584 words
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Article, Illustration263 1989-09-09 23 JOHN KILLICK has been appoint- j ed executive director of Lum 1 Cheng Development, end will oversee the following companies: Lum Chang Development Pte Ltd, J Leadale Property (Pte) Ltd, ABC Housing Ltd, end Grantchester Pte Ltd. Until recently. Mr Killick waa a practising partner in a263 words
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Article905 1989-09-09 23 ANNA TEO - The private sector has its fair share of glamour employers, but does one come to mind in the civil service? Sceptics will say that bureaucratic sameness is too pervasive to allow such a development. But ANNA TEO discovers otherwise. ANNA TEO IT APPEARED somewhat905 words
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Article, Illustration280 1989-09-09 23 THE ROAD after the civil service is not exactly, or always, a goidpaved path, but Administrative Services officers have made good in the private sector. One. a double President's and Singapore Armed Forces Scholar, has traded military software for stocks and currenciee. Today, he280 words
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Article, Illustration759 1989-09-09 23 SHOEB KAGDA - THE BIG Rflf j| By SHOEB KAGDA AT 33, MARK LAM was a director of the Economic Development Board's New York Centre. Earnest, yet modest, none could sey that he did not have an even chance to move higher up the hierarchy of the759 words
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AD WATCH
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Article, Illustration104 1989-09-09 23 WELL, it may still be 9 to 5. but the office revolution has placed new demands on Girls Friday. In addition to knowing shorthand and typing, having a pleasant and mature personality, excellent communication and/or interpersonal skills, an ability to work with all levels, and familiarity104 words
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Article103 1989-09-09 23 FOLLOWING the recent promulgation by the Advertising Standards Authority of Singapore aimed at curbing job advertisements which discriminate against applicants on grounds of sex, race or religion, it was indeed commendable that a "progressive US-based computer peripheral manufacturing company" advertised for a "draughtaperson". However, in the same103 words
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Article53 1989-09-09 23 Tye Kim Khiat - Tye Kim Khiat TWO executive search firms made their appearance recently. One is FTMS Consultants, an arm of a public accounting firm. The other is Blue Arrow Executive which also provides a temp service. It is incorporated in Singapore and is not affiliated to any other company.53 words
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Page 13 Advertisements
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Advertisement211 1989-09-09 13 CALL ft rrfs[A for all your financial needs from any phone, anytime, any place *****44 *****44 Hong Liong Finance Singapore rininci wr OIM ois7 9' w v -r.- .•W /t>- <«*» V*.Ts' ly V > i? sr 'S* < vs'»« j.- jv *>... s ,^*r .Tv*-.- -.j, N jt 5211 words
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Page 14 Advertisements
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Advertisement9 1989-09-09 14 Managers must manage. BT shows you how every Monday.9 words
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Page 15 Advertisements
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Advertisement320 1989-09-09 15 m 3 V■flH J* a ri..* &3B VV- v .4*3 *> v* <ll? f*y? v S 1 ft fl m m mm m -V 19 C V?W •V.)W *> «4cv» -•4 *j. 'Vi.Tt :Mj n warn Vr* s^ V 'V 1 m T. tfKS M ->v ,i-v. uJ a' j.320 words
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Page 16 Advertisements
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Advertisement702 1989-09-09 16 Where to entertain... Where to entertain... Where to entertain... Where to BAR 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 Raffles Cky 2 Stamford Road. Singapore<l6l7. WESTIN Hotels Resorts Ul MA BPP702 words
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Advertisement176 1989-09-09 16 >\e r .asw L Terence K q [jian \;n Our Master Chef Mr. Wong Chi Kwan from Hong Kong has specially prepared over 30 varieties of Dian Xin to titillate your tastebuds. These gastronomic delights are steamed only upon order to ensure that our Dian Xin comes to you piping176 words
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Page 17 Advertisements
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Advertisement158 1989-09-09 17 entertain.. Every Sunday There'sA Family Feast In The Park. At the Hubert us Grill\ Sunday brunch is a great outing for [be family. A glorious buffet spread is laid out for both grown ups and children. And to make sure the kids are truly entertained, there's an exciting Mattel playroom.158 words
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Page 17 Miscellaneous
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Miscellaneous752 1989-09-09 17 raj>»aM)aa 8 CRYPTIC PUZZLE ACROSS 9 Go to pieces and hide everything back in the wood (8) 10 "City of Gold" I went into on the way hack (3) 11 Badly, it seems, in need of a doctor (6) 12 Resentful, drink (6) 13 The bag in the foyer is752 words
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Page 18 Miscellaneous
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Miscellaneous1422 1989-09-09 18 11l I IPHAY bbc Highlights I I sunda*. S«o 17th. 12Jt BBC 0.9 mHz in VHF Band II BAM Newshour. 7.00 World News. 7.00 Commentary. 7.18 Wortdbrief. 7.30 Multitrack 3. 8.00 Newsdesk. 8.30 From the Weeklies. 8.45 Recording of the Week. 8.00 News Summary followed by Outlook. 8.25 Financial News.1,422 words
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Page 21 Advertisements
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Advertisement31 1989-09-09 21 OTP* tAi A di welcomes Investment Ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Inveetment, Business Times, 390 Kim Seng Road, S'pore 092331 words
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Page 22 Advertisements
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Advertisement52 1989-09-09 22 •V* mmmw&m iv- i v The Illustrated Encyclopedia of Wildlife" Written in simple, concise English, and supported by over 5,000 colour photos, drawings and maps, this 52volume, comprehensive encyclopedia takes you on a unique, systematic journey of the animal kingdom. 1 I i i Fortnightly at all good bookshops ami52 words
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Page 23 Advertisements
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Advertisement301 1989-09-09 23 DHL IN THE NEWS Advertisement DHL turns twenty Around the world DHL Worldwide Express is celebrating its 20th Anniversary this year. DHL was founded in 1969 by three men Dalsey, Hillblom and Lind, who gave their vision and initials to form the company. Since then it has grown to span301 words
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Advertisement205 1989-09-09 23 EXECUTIVE APPOINTMENT THE WORLD'S TOP DISK DRIVE COMPANY WANTS YOU TO TELL US OUR BOTTOM LINE. And the challenge belongs to a highlyanalytical costing professional who's assertive and dynamic with strong communication skills and able to interact effectively with top management. SENIOR COST ACCOUNTANT You will be responsible for product205 words
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Page 23 Miscellaneous
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Miscellaneous38 1989-09-09 23 RnStOW: FtanJc Licier^ Scene. VsomVjle bo*+**/ nOrrC Of pV"im,roSa Potte.r, On corKy rrorn.rsg C.kar\tnq \ad\f. Her HuStoo^d, on boh tidv **vao, greets her av rt\€ door c.iik:4iftAi:o f\JT VOOK ffe£T P»vC CC.ST P*LOM» V-AP»fcD DRV RT TMC OfFiC£,DCrt?38 words
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Page 24 Advertisements
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Advertisement155 1989-09-09 24 STYLISH EASE IN PURE COTTON i nkMm i iiiiij yu HaKMMMSMMI i :'4 IM| A Jf iL;;[:] Siliiil 'itt/lßifi®;© l iIJIB ipl [U if iJI TL i 1 *ip'tiiiiiffi^i;!!;];i;| si®: riiMii! €i ptl 2 HpttlP >6< :j i J> j! !-X mm ifiii .1 .'.'/l/'iln: I .;i 1 M |Jl155 words
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Page 24 Miscellaneous
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Miscellaneous614 1989-09-09 24 Tiga Merpati, Today, 3.15pm, SBC 5 Three sisters who succeed in the face of adversity make up the gist of this Indonesian moralistic drama. The eldest hates men because their father abandoned them for another woman. Ratna Riantiarno, Sri Yatun Legiowati and Sari Manumpil indulge in some acrimony. Nate and614 words
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Miscellaneous2289 1989-09-09 24 SATURDAY C: Chinese; T: Tamil; Malay; r: repeat SBC 12 7.30 PM Opening and Programme Hiahliahts followed by Life Matters Epilepsy This week, Dr Norman Kaplan looks at Kathy Barraza of El Cajon, California, who had her first seizure at nine months of age and was diagnosed with epilepsy four2,289 words
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