The Business Times, 30 September 1989
1989-09-30
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The Business Times
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Title Section13 1989-09-30 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, Sept. 30-1 Oct. 1989 75 CENTS13 words
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273 1989-09-30 1 WALTON MORAIS - By WALTON MORAIS NON-SMOKERS will be assured of cleaner air come November when the smoking ban will cover more places, including airconditioned restaurants. The Smoking (Prohibition in Certain Places) Notification, 1989, which takes effect on Nov 1, will ban smoking in273 words
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110 1989-09-30 1 Reuter BAT INDUSTRIES of Britain lost an appeal yesterday against a decision by British regulatory authorities to give Sir James Goldsmith more time to pursue his hostile takeover bid for the tobacco-based conglomerate. An appeal committee of the Panel on Takeover andReuter - 110 words
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Article, Illustration433 1989-09-30 1 CHUANG PECK MING - By CHUANG PECK MING FOOD-BASED group Cerebos Pacific has budgeted up to $60 million for expansion and acquisition in the next two years. Most of the money is for the development of its existing business, which includes the Brand's line of food433 words
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580 1989-09-30 1 LEE HAN SHIH - RE-TENDER FOR STPB SITE IN TANGLIN By LEE HAN SHIH Property Correspondent FEATHERS have been ruffled in the property market by the Singapore Tourist Promotion Board's (STPB) decision to reject the six bids for a plot of land in Tanglin and to open the site580 words
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Article123 1989-09-30 1 THE US DOLLAR yesterday fell back sharply on the worlds foreign exchanges reports of a fifth consecutive day of central bank intervention to push the greenback down. The British pound benefited from the dollar's slide and recovered some of its lost ground against major European currencies.123 words
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Article105 1989-09-30 1 AP THE US GOVERNMENT'S chief economic forecasting gauge roee 0.3 per cent in August, its second consecutive advance, indicating continued growth in the months ahead, the Commerce Department reported yeeterday. The increase in the Index of Leading Indicators, designed to foretell economic activity aix toAP - 105 words
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Article43 1989-09-30 1 AP THE US stock market advanced yesterday morning, extending Thursday's late rally. The Dow Jonee average of 30 industrials rose 6.84 to 2.701.75 at 1430 GMT in the first hour of trading. Gainers outnumbered losers by about 8 to 7. APAP - 43 words
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Article55 1989-09-30 1 AP LONDON share prices were lower at midday yeeterday, but the expiration of stock-index futures and options at late morning lifted the market off its lowest levels. At about 1115 GMT, the Financial Times-Stock Exchange 100-ehare index was down 7.2 points, or 0.3 per cent at 2,284.5, below itsAP - 55 words
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Article, Illustration126 1989-09-30 1 SHARE PRICES on Asian markets traded generally higher yesterday, except for Japan, which eased on profit-taking. The 225Nikkei Index fell 53.22 points to close at 35.636.76. Turnover was s moderate 900 million shares against one billion on Thursday. In Singapore, share prices closed mixed after126 words
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166 1989-09-30 1 Reuter THE US and Hongkong have separately proposed ideas for world rules on the origin of goods, a frequent cause of trade disputes. According to Gatt sources in Geneva, the proposals covered the use of existing varied and complicated guidelines defining the originReuter - 166 words
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Article146 1989-09-30 1 Mock IndfcM ftMoy ST Mufcrtab tnd«x 1,375.25(+3*5 W OnpMft* W* iff, 1,231.22 <-1-3-4 NST Murfrtal bdox 2£46d00(+20.90) HK Hang Sang Max *****5 2.93 Tokyo Nfckoi Avorooo (-53J2 Cw<k*w am PfI 1,735*4 (+1SJ) How York (Dow Jonoa) 2,494.91 21.85) *4 If London $FT 30 Inbox) 1,876.2(-31.2 USS. 139.40yon146 words
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Page 1 Advertisements
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Advertisement239 1989-09-30 1 t Up, up and away Page One Preaching and practice Page Two ■ra am iirty Think before you call me Auntyl Page Three Italy's most well-known brunello Page Pour Lend an ear to foot reflexologists Page Five HuMM I Getting a kick from old-fashioned goodness I ■CD Ptvtows A nifty239 words
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Advertisement45 1989-09-30 1 Dollars and Nonsense 808 MANKOFF, whose cartoons have appeared in New Yorker and Playboy, claims to have cornered the market in bright business satire. Judge for yourself. His Dollars and Nonsense cartoons start appearing in Business Times from today. Facing up to rMponsibilttto, PAQE TWO45 words
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Advertisement167 1989-09-30 1 =[)"~)*{$)@"){~:/])%=-=<{+;}<}$ Full report, PAGE Ragtonal markets, PAQE 10 World marfcots, PAQE 11 CONNOISSEURS F O R COLLECTORS When choosing your Dun hill Elite, let The Hour Glass enhance the occasion. V J* sK 4F/ 1 5 i s s V At The Hour Glass, vw? see oursehes as connoisseurs. And167 words
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HOME NEWS
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246 1989-09-30 2 JOCCLYN TOH - -By JOCCLYN TOH THE FIRST OF seven Enterprise Promotion Centre outlets will be established on the premises of the Singapore Manufacturer's Association by the end of next month. Announcing this yesterday was Mr Michael Yeo, honorary president of the Singapore Manufacturers' Association246 words
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145 1989-09-30 2 A TRADE MISSION from the UK arrives next month to conduct, among other things, "an investigation into local bathing habits." According to a British High Commission statement yesterday, a team of businessmen from the Merseyside Chamber of Commerce will arrive here on145 words
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294 1989-09-30 2 SINGAPORE'S trade groups are strengthening their connections with far-flung parts of the world at a time when globalisation is a catch-word in the business Community. Next week, the Singapore Manufacturers' Association is to sign a liemorandum of undertanding (MOU) with its Chilean294 words
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Article, Illustration346 1989-09-30 2 JEAN FOONG - By JEAN FOONG THE GOVERNMENT is organising promotion missions to attract more foreign shipowners and managers to operate here so as to build a stronger shipping industry in Singapore. "The influx of new skills and expertise, not to mention investments, will make a346 words
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215 1989-09-30 2 A RUSSIAN delegation, which is in Singapore to attend the International Pipeline and Offshore Construction Association (IPLOCA) annual conference, is exploring possible business opportunities in Singapore and Asean. Members of the delegation include Mr Vladimir Kopyshevsky, president of Zangas, the only state-owned company for pipeline215 words
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205 1989-09-30 2 SINGAPORE TELECOM is introducing a bidding scheme for the right to use either a single number or matching numbers for telephones, pagers and mobile phones. Called the "Golden Number" scheme, it will be introduced next month to let market forces decide the205 words
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Article834 1989-09-30 2 ARRIVALS Operator *> anrlr^ jfTnct number Local 1 Hmo From QFA QF062 1135 IKK SIA SQ15I 1143 CGK GU GA940 1150 MES PAL PI504 1155 KUL TMA TG403 1155 BKK SIA SQ138 1155 MES SIA SQ191 1200 PEN TIY M1811 1200 HOT GU OA 900 1210 PKU834 words
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Article2172 1989-09-30 2 < AT CONVENTIONAL WHARVES VnnI Voy N o B«n h Arrival Dapartw K*pp*l W1 b«r> Gl Soto Mofw Kola Ptfaln Koto Satan KoMAngkan loapwng Sit f- <M TromMov AMsir Ac* CoataHMH*! iodl GMtar Kao S*> K.o Soon li lofat< Broofca iMfVM 730W 27f W-561 e-eio 1413 lOt/W2,172 words
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Page 2 Advertisements
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Advertisement101 1989-09-30 2 beer into wine. BEER WINE Can you change BEER to WINE in 7 steps, changing one letter at a time and making a good English word at each step? (Who knows, it may be possible in fewer steps!) If you can solve this puzzle, you could be eligible to join101 words
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Advertisement7 1989-09-30 2 A BREATH OF FRESH AIR Air Canada7 words
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Page 2 Miscellaneous
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Miscellaneous150 1989-09-30 2 a 4* Global tamparaturas and waathar foracaat for Sap 30 [«Ki>T*ixa OUTLOOK: Showara over M«tnl area* In 15/07 Ooudy 20/08 Sunny 26/17 Ooudy 19/12 Showers 33-26 Showan 24/15 Cloudy 16/06 Sunny 18/07 Sunny 31/23 Showan 21/10 Sumy 23/10 Sunny 16/08 Sunny 19/08 Sunny 19/09 Ooudy 17/07 Sunny 30/24 Humid 28/17150 words
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Page 3 Advertisements
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Advertisement256 1989-09-30 3 Experience the power of future 3D Visual Computing the latest state-of-the-art Computing and Graphics Technology that has time and again, enabled Engineers, Designers, Scientists and Creative Professionals to interact with Realistic Moving Images that speed up designing processes, often sparking off new ideas and conceptual break-throughs. Pioneered by Silicon Graphics256 words
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FOREIGHN NEWS
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459 1989-09-30 4 IMF/WORLD BANK MEETING AP JAPAN appeared headed for enhanced global standing as a result of talks this week among members of the International Monetary Fund. The IMF, which wants to dramatically increase its lending resources, is looking to Japan, a country flush withAP - 459 words
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138 1989-09-30 4 AFP JAPANESE INDUSTRY is highly dependent on final demand in the United States, the Ministry of Trade and Industry (Miti) said on Thursday. Japanese production induced by US final demand is about eight times higher than that of US production inducedAFP - 138 words
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254 1989-09-30 4 Reuter POLAND'S Solidarity-led government unveiled an economic programme on Thursday to reform the shattered communist economy along capitalist lines, but warned it would be tough for ordinary Poles. Deputy Finance Minister Marek Dabrowski, revealing the plan to Solidarity Members of Parliament, said living standardsReuter - 254 words
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279 1989-09-30 4 JOHN THOMAS - By JOHN THOMAS IT WAS the economic success of the developing South-east Asian countries, especially the achievements of their ethnic Chinese communities, that had sparked off the radical economic changes in the communist countries, said an influential British economist on Thursday.279 words
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349 1989-09-30 4 AFP BELGIUM has called on its European Community (EC) partners to provide massive balance-of-payments assistance to Hungary in a novel approach to support for Eastern European reforms, monetary officials said in Washington. They said Belgium was proposing a US$l.l billion ECUdenominated loan toAFP - 349 words
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215 1989-09-30 4 FT PRESIDENT GEORGE BUSH won an important political victory on Wednesday when the House of Representatives easily approved proposals to cut the US capital gains tax, which is expected to stimulate stockmarket activity and asset sales. The vote, by a margin ofFT - 215 words
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336 1989-09-30 4 AP FOR THE fourth time in two months, the Korea Development Institute yesterday lowered its projection on South Korea's 1969 economic growth, this time to 7.2 per cent. The latest projection was down 0.2 percentage points from the last forecast on August 22.AP - 336 words
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721 1989-09-30 4 AFTER THE DEATH OF MARCOS AP TROOPS and police were on alert yesterday and a wave of early panic-selling hit the country's two stock exchanges after President Corazon Aquino banned the burial of Ferdinand Marcos in the Philippinee. Mrs Aquino ordered Philippine flagsAP - 721 words
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Article, Illustration427 1989-09-30 4 AFP SUPPORTERS of deceased former president Ferdinand Marcos are to challenge in court the government's decision to ban the transport of his corpse to the Philippines for burial, a spokesman said yesterday. Mr Marcos, 72, died of cardiac arrest following a long illnessAFP - 427 words
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356 1989-09-30 4 Reuter WHEN negotiators from the Philippines sat down with representatives of its foreign creditor banks this summer to work out a new financing package, the deal was clinched in just six days. The speed of the negotiation such talks can take months was a measureReuter - 356 words
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Article, Illustration496 1989-09-30 4 AP THE DEATH of former Philippine President Ferdinand E Marcos on Thursday leaves his wife alone to battle charges they stole up to US$lO billion from their homeland's treasury. According to a federal indictment. 60-year-old Imelda Marcos and her 72-year-oldAP - 496 words
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Page 4 Advertisements
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Advertisement11 1989-09-30 4 A superior reputation usually starts with the ability to finance it.11 words
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Page 4 Miscellaneous
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Miscellaneous77 1989-09-30 4 Doonesbury BAPXE6P' THFZB PRAFT MtCH&OBB\ MN, I'M MPBPOUT! THAT LAST SEMINAR. 'UASA KJU£R> VOU KNOW, THAT UH-HUH. SALe&UOMANWaaY PtPJACAZH REMJNPEP M£ OF THAT SO* SOMBOteiMIW 6AMSLAST iNcoueee... night* rri ft ISF W s m i iSSfc BY GARRY TRUDEAU I MEAN SHE WAS C'MONA HOT! TRS- M'* 3 MIKB. MSMBBR77 words
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BANKING AND FINANCE
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Article251 1989-09-30 5 Reuter IMM CURRENCY futures finished narrowly mixed on Thursday after recovering from early lows in late, thin market conditions that exaggerated price moves. Persistent intervention by central banks had little effect as traders turned their sights to the still-wide gaps between US and other nations' interest rates. Late fund-relatedReuter - 251 words
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295 1989-09-30 5 Reuter THE FEDERAL Reserve Board, led by chairman Alan Greenspan, agreed to support a far-reaching Congressional resolution directing the US central bank to eliminate inflation within five years, the Washington Post reported yesterday. The joint House-Senate resolution, introduced by Representative Stephen Neal.Reuter - 295 words
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138 1989-09-30 5 Reuter AUSTRALIA and New Zealand Banking Group Ltd said it bought several parcels of shares in listed banks in the last few weeks, including one parcel of National Australia Bank Ltd shares. In a statement, ANZ deputy chairman and chief executive Will Bailey saidReuter - 138 words
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Article190 1989-09-30 5 TO PREVENT fraud, the Leasing Association of Singapore (LAS) has set up a central registry to keep track of all equipment that has been leased by members of the association. Mr Shu Ting Hoe. chairman of LAS, said in a statement in the association's 1968/89190 words
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442 1989-09-30 5 DEXTER LEE - PHYSICAL DELIVERY RULED OUT By DEXTER LEE DUBAI CRUDE OIL is poised to be the Singapore International Monetary Exchange's second energy futures contract, judging from the presentation given yesterday by the energy futures expert engaged by Simex. Joe Roeber, a London-based freelance442 words
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COMMODITIES
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Article108 1989-09-30 5 Reuter CBOT SOYBEAN futures eased from their early highs on Thursday but still closed with gains of six to three cents per bushel in moderate trade, supported by higher corn prices on rumours of Soviet buying interest. Although the talk focused mainly on feedgrains, it was enough to fuelReuter - 108 words
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Article195 1989-09-30 5 Chinese Produce Exchenge StHtrt' noon dosing prim on Soptombor 29 (S$/100 kg) Coconut oil Bulk FOB 94.00 Old drum FOB 104.00 Now drum FOB 108.00 Copra Mlxad (Ioom) 52.00 Milan Peppar 4A. ifi|4, TwinvR wimv FOB NtW 512.50 Sarawak wNt« FOB foq NLW 502-50 Sarawak tpadal block FOB195 words
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Article275 1989-09-30 5 m London Commodity Exchange Buyer/Seller dosing prices on Sep 28 (£/toi me unless specified). Previous dosing prices in parenthesis. Coffee Basis In-storo London, sellers option CIF London Sop 748/749 (752/755) High/Low 760/749 Nov 766/767 (762/765) High/Low 779/763 Sates (2327) Cocoa Sop 275/900 (733/740) High/Low 745/735 Doc 773/774 (787/788)275 words
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Article171 1989-09-30 5 CONTINUED strong demand pushed the price of tin on the Kuala Lumpur Tin Market up 36 sen to a doee of M 522.00 a kg, brokers said. Merchant short-covering on the London Metal Exchange on Thursday prompted higher bids of 429 tonnes against oilers el •0 at the171 words
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Article122 1989-09-30 5 Reuter CBOT soft red winter wheat futures closed higher on Thursday after China announced bids for up to 400,000 tonnes of US hard and soft wheat under the Export Enhancement Programme, traders said. However, uncertainty about the USD A stocks report due out after the close, plus steady sellingReuter - 122 words
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Article353 1989-09-30 5 SINGAPORE: Rubber prices closed steady yesterday, with October One RSS buyer quoted at 166.25 cents a kg, unchanged from Thursday's close. Prices rose in early afternoon trade on short-cov-ering but fell towards the close when selling interest emerged, dealers said. On the TSR-20 award market, trading was quiet but353 words
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Article287 1989-09-30 5 RAS prices m s cmmq. fob m t»i« 1 NOON ClOS€ Bwyors SoUofs Buyers Sellers Int 1 RSS Prompt 166.00 167.00N 166.25 167.25N Int 1 RSS Oct 166.00 167.00 166.25 167.25 Int 1 RSS Nov 168.00 169.00 168.75 169.25 Int 2 RSS OP 165.25 167.25N 165 JO287 words
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Article83 1989-09-30 5 (cants/kg) OCTOBER 1989 NOVEMBER 1989 (currant month) (forward month) RAS NOON NOON ky*n Saltan •vyan Saltan SS8 20 135 00 157.00N 156.00 158.00N SSR 50 153 00 155.00N 154.00 156.00N MRELB •uy*r» -4allan luyart S<>»ri SMI CV 223.00 225.00N 225.00 227.00N SM I 222.50 224.50N 224.50 283 words
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Article147 1989-09-30 5 Telerate Fairly balanced demand and supply fundamentals kept prices on hold yesterday. Little activity was seen for October CST-180 cargoes. With more CST-380 cargoes moving to the West, prices were likely to be well-support-ed in the short term. Offers for second half-October CST-180 cargoes were atTelerate - 147 words
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Article368 1989-09-30 5 HONGKONG: Growing local and overseas buying interest, triggered by the weakening US dollar, boosted gold prices which closed at the day's peaks after active trading, dealers said. "Central banks' repeated intervention on the dollar encouraged more metal buying," a dealer said. Bullion ended at U*****.20/60. up from an368 words
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Article492 1989-09-30 5 MALAYSIAN CRUDE PALM OIL FUTURES closed moderately easier yesterday on profit-taking activities ahead of the week-end. Dealers said the softer cash market also undermined support on the KLCE yesterday. A US Department of Agriculture (USDA) report of a higher-than-expected soybean stock of 182 million bushels compared to a492 words
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Page 5 Advertisements
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Advertisement248 1989-09-30 5 11 ADI KSHIP IN M \N.\(;KMK\T The Graduate School of Management at the University of Melbourne is a national management school Its graduates have a record of success and leadership in the management of business and public organisations. The School has the most modern teaching, library dining, sporting and recreational248 words
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MONEY AND EXCHANGES
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Article536 1989-09-30 6 Reuter 9tMEX EURODOLLAR futures closed lower yesterday on selling and weekend book-squaring ahead of the 1230 GMT release of US August leading economic indicators. "Operators will be monitoring the data for clues to the state of the economy amid continued uncertainty over the US dollar's near-term direction," a dealerReuter - 536 words
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Article1003 1989-09-30 6 Hongkong Bank SINGAPORE: Pressured by aggressive concerted central bank intervention, which began early this week, the US dollar closed lower in nervous trading yesterday. Speculation about Bundesbank raising interest rates and Bank of England intending to support the sterling pound with UK base rate hike further depressed theHongkong Bank - 1,003 words
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Article290 1989-09-30 6 Asian market ASIAN DOLLAR deposit rates ended little changed from opening levels after a quiet day's trading, dealers said. Among short-dates, the weekend rate eased slightly in the afternoon to 9-3/4 9-5/8 per cent from its opening of 10 9-1/2. Elsewhere. Monday/Tuesday and weekfixed closed steady at 93/16 9-1/16 and290 words
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Article56 1989-09-30 6 THE overnight rate on the Singapore money fell 1/16 point to 5-3/8 per cent yesterday. Term rates were all unchanged. S$ Interbank rates at the dose yesterday; Offft MD Ovff. night 5 3/> 5 1/4 Ihw* 3 3/1* 3 3/16 }-aorik 3 3/16 3 3/16 3hm»«i 3 3/1656 words
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Article100 1989-09-30 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity M> OFF» HKJH LOW 3 month* RQ*****F 28.12.89 4.23 4.18 4.34 4.18 6 wanin 8S*****V 18.01.90 4.23 4.18 4.22 4.21 1 y«or BY*****F 24.05.90 4.35 4.30 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code100 words
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Article, Illustration204 1989-09-30 6 •Inaolii mmnrn <* •m prim* landing rata* of 12 major banks In fpen Interbank market r ates (offer/bid) on Sap 29 us* DM SWFC Y«l 7 dmyl 1/1 1 14— 13 7/1 7 3/1-7 1/4 7 3/1 7 i/a 3 13/1* —9/1* 1 mm 11/1 1 14204 words
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Article975 1989-09-30 6 CURRENCY FUTURES OPTIONS Friday, S*pt*mb*r 29, 1989 DEUTSCHE MARK (8IMEX) Doc M mM DtcMp* M*i Low tott HHfi Low Ml 52 53 54 JAPANESE YEN (SIMEX) Dm M ooNa Doc M pun 71 77 73 75 CURRENCY FUTURES OPTIONS IMM Thursday, S*pt*mb«r 28, 1989 BRITISH POUND C02.S r ali975 words
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Article165 1989-09-30 6 Gold futures on September 28, 1989 100 troy ounces. USS par troy ounce Opan High Low Soflta Oct 347.10 368.70 367.00 366.10 0.20 No* ***** 0JO Ok 371.80 373.70 371.50 372.80 0J0 Fab 376.10 377JO 375.80 376.90 OJO Apr 379.90 381.80 379.90 381.20 070 Jun *****165 words
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Page 6 Advertisements
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Advertisement474 1989-09-30 6 X Allied Irish Banks pic (liKorpor.Hct.l m the RcpuMk of Ireland with 1 imitcd I i<ihilit\) Consolidated Balance Sheet 31st March, 1989 1989 IR£OOO 1988 IREOOO Assets Cash and short-term funds Investments Advances and other accounts, less provisions Associated companies Property and equipment Liabilities Current, deposit and other accounts Other474 words
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COMPANIES & STOCK MARKETS
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508 1989-09-30 7 ELAINE KOH - By ELAINE KOH UMW HOLDINGS Bhd has reported group profit after tax and minority interests of MslB.lo million in the first half, a large part of it contributed by its two new subsidiaries. The subsidiaries are the UMW Toyota508 words
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421 1989-09-30 7 CONSTRUCTION GROUP Lum Chang Holdings Ltd, in spite of a flat year-end performance, is proposing a one-for-10 bonus issue. For the year ended June 30. 1969, Lum Chang posted a marginal 2 per cent increase in group after-tax profit to $8.50 million from $8.35421 words
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412 1989-09-30 7 PROPERTY GROUP Hong Fok has, as expected, achieved a convincing turnaround in the current financial year. For the six months ended June 30, 1989, the group returned to the black with attributable profit of $6.97 million as against a loss of412 words
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Article165 1989-09-30 7 STRAITS Trading Co Ltd: Group profit after tax and minorities of $20.39 million ($15.81 million) on turnover of $162.34 million ($112.03 million) for the six months ended June 30. 1989. EPS of 6.9 cents (5.3 cents). A first interim dividend of four cents less tax will be paid165 words
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Article, Illustration563 1989-09-30 7 ABDUL HADHI - JC-MPH group's combined holdings to go up to 29.8 pc By ABDUL HADHI HTP HOLDINGS Ltd. a member of diversified Jack Chia-MPH group, is seeking to build up its stake in London-based Boustead pic to 20 per cent. This, together with another 9.8 per563 words
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SES
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Article, Illustration1136 1989-09-30 8 KEVIN GWEE - -by KEVIN GWEE SHARE PRICES on the Singapore stock market closed on a mixed note after profit-taking in the afternoon pared early bargainshunting gains in moderate trading yesterday. "The morning gains were encouraging while it lasted, but, true to form, caution set in as share1,136 words
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Article309 1989-09-30 8 > M anog«n' print for S*p 30 A Oct 2 p Singapore Unit Trust Tk* Co—KM 122 1.29 Tk* Savings Fund 1 06 1.12 Vp or* frog Fund 0.44 050r Sp or* to Fund 074 081 S or* lnv*0 Fund 041 0.86 Vp or* Equity Fund 057 041309 words
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Article52 1989-09-30 8 JACK CHIA-MPH LIMITED: AQM at Tai-Pan Ramada Hotel, Pin® Room. 3rd Storey, 101 Victoria Street, Singapore 0718, today at noon. KAMPONG LANJUT TIN DREDGING BERHAD: 61st AGM at the Conference Room 1, Ist Floor, The Merlin Kuala Lumpur, No. 2 Jalan Sultan Ismail, ***** Kuala Lumpur, today at52 words
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Article6143 1989-09-30 8 I* High 19 Low T*l Cod* Company Last 8ala SEP 29 OCVol C090) 141^1 nigr Day i Low Laal O Buyer uo<* iollor Qr'a (Xv ON C'VT Qr'a Vld Not PIE M Cap tinll •mil SESDAQ 275 V 123 286 121 170 200 129 142 230 1266,143 words
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KLSE
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Article, Illustration3528 1989-09-30 9 MBT CONTINUED BUYING uw share price# generally ctoeing firmer on the Kuala Lumpur stock market yesterday. However, bouts of profit-taking took some counters into the minus territory. Advancing issues were led by blue chipe which poeted double-digit gains. Boosted by firmer component stocks, the 30-count-erMBT - 3,528 words
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REGIONAL MARKETS
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652 1989-09-30 10 COMPANIES TRYING TO RAISE USs2.4b AFP UNPRECEDENTED "mega issues" of public bonds are about to hit India's fledgling capital market, putting it to the test in an uncertain period leading up to national elections. Indian companies are trying to round up a staggering 40AFP - 652 words
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211 1989-09-30 10 AFP THE PHILIPPINE flag carrier, Phiiippine Airlines (PAL), is to privatise 35 per cent of its shares next year by selling stocks and letting foreign and domestic investors participate in public biddings. A spokesman for the Government Service Insurance System, which owns 90AFP - 211 words
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Article110 1989-09-30 10 Reuter THE NEW ZEALAND share market closed lower yesterday and its weakness is seen continuing into next week when it should test important resistance points, brokers said. "The market sort of drifted, but there was a bit jOf venom in the selling at various stages," aReuter - 110 words
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Article133 1989-09-30 10 Reuter THE PHILIPPINE stock market yesterday opened nervously following news of the death of ousted president Ferdinand Marcos but heavy selling later eased and brokers expected a strong market on Monday. The Manila Stock Exchange Composite Index closed 2.04 points down at 1,145.90. The combined volumeReuter - 133 words
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Article, Illustration608 1989-09-30 10 Tokyo Reuter SHARE PRICES closed lower in moderate trade yesterday as investors were beset by uncertainty over the future of the yen, overseas interest rates and the outcome of a by-election in Japan tomorrow, brokers said. The 225-Nikkei Index fell 53.22 points, or 0.15 per cent, toReuter - 608 words
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Article, Illustration1331 1989-09-30 10 Hongkong Reuter PRE-WEEKENO doldrums and position-squaring eroded early gains but the Hang Seng Index hung on to close marginally higher at 2,758.25. up 2.93. "There's a feeling there was some some Mainland (Chinese) buying in there to make sure there was no fall before China's 40th anniversary," saidReuter - 1,331 words
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Article, Illustration505 1989-09-30 10 Sydney Reuter AUSTRALIA'S share market closed sharply higher yesterday after a spurt of late buying on the back of a weaker local currency and renewed interest in the banking sector, brokers said. The All Ordinaries Index was 15.2 points stronger at 1,735.4, after a low of 1,720.8. ItReuter - 505 words
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Article247 1989-09-30 10 Reuter THAI STOCKS finished mixed yesterday after four new listings failed to inject fresh demand into a dull and directionless market. The SET Index fell 2.22 to close at 689.51 in active trade, with declines leading advances 70 to 32. Most active were Padaeng Industry, SiamReuter - 247 words
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Article211 1989-09-30 10 Reuter SEOUL STOCKS yesterday closed higher for the second day in a row as bargain hunters actively bought financial shares, brokers said. The composite index gained 12.49 points to close at 943.44. Turnover was 329.4 billion won against 328.7 billion. "Investors are playing on low prices.Reuter - 211 words
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Article194 1989-09-30 10 Reuter SHARE PRICES yesterday rose sharply for the second day in anticipation of improved half-year company results and on a government move to free steel prices from government constraints, brokers said. "This is the first time in many months the market has found some good news onReuter - 194 words
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Article448 1989-09-30 10 Reuter TAIWAN STOCKS closed lower yesterday as investors cut holdings on the first day of a new reporting system which does not reveal the number of unfilled orders for stocks that rise to their limits, dealers said. The weighted index fell 124.92 points, or 1.2 perReuter - 448 words
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WORLD MARKETS
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Article, Illustration921 1989-09-30 11 New York Reuter A STRONG performance in some drug stocks and in several key blue chips helped Wall Street post its third consecutive closing gain on Thursday. Traders said some end-of-quarter "window dressing", mostly involving well-known companies, accounted for some of the advance. Late futures-related buyingReuter - 921 words
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Article, Illustration825 1989-09-30 11 London Reuter SHARE PRICES opened lower yesterday in the wake of Thursday's 39-point loss on continuing concern that a further sterling fall could prompt rise in British interest rates, dealers said. However, much of Thursday's fall to below the key support of 2,300 on the FTSE 100Reuter - 825 words
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Article1522 1989-09-30 11 ZURICH: Swiss shares came off their highs at midday yesterday as continuing concern about interest rates weighed on the market, dealers said. The Swiss Market Index of leading shares was 5.2 points lower at 1,799.7 after reaching a high at 1,821.6 points. The all-share Swiss Performance Index1,522 words
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374 1989-09-30 11 Reuter SWISSAIR and Scandinavian Airline System (SAS) said on Thursday they would swap stakes of between 5 and 10 per cent in each other to achieve what. they called the first major European airline alliance. "The cooperation is really the first far-reachingReuter - 374 words
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391 1989-09-30 11 FT PEPSICO, the US soft drinks group, is entering into an unusual barter deal with the Soviet Union under which it is helping to finance the building of 28 Soviet Pepei plants and acting as an agent in the sale of newFT - 391 words
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Page 7 Advertisements
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Advertisement16 1989-09-30 7 The claim that a first impression is misleading usually comes from one who can't afford it.16 words
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Advertisement95 1989-09-30 7 CURRENCY INVESTMENT AMI Kit W I XI'KI l(\\ TEL: 321 3333 *9 r Kd dt csS O*" u» vce pV J^ ICKI feto tuarif ""a kfi u joi\e juVf M et^ e _U^- k*. 7l u.»\l Si A IV.* l ftUft v V 8"» 2 V V 8^ e HSJJ95 words
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Page 8 Advertisements
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Advertisement0 1989-09-30 8 <\~$'&--;-{?[/+-<\{{~^),\-!)|>?0 words
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Page 9 Advertisements
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Advertisement13 1989-09-30 9 A Sichuan Culinary Heritage at Golden Phoenix ««>Mgn Pho«til» tfsjHßPjft Hotel Equatorial.Td: *****3113 words
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Page 10 Advertisements
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Advertisement255 1989-09-30 10 SPETALING GARDEN BERHAD (Incorporated in Malaysia) UNAUDITED INTERIM REPORT TO SHAREHOLDERS FOR THE SIX MONTHS ENDED 30TH JUNE 1989 The Board of Directors of Petaling Garden Berhad wishes to announce the unaudited results of the Group and the Company for the half year ended 30th June 1989. better sales of255 words
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Page 11 Advertisements
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Advertisement33 1989-09-30 11 APPLY NOW! Turn to The New Paper Fastads today. We have admin/clerical jots, sales/service jobs and other kinds of jobs for your consideration. ixr TV- f A rliM f in® tmpwymem ÜBM j6nion33 words
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Advertisement740 1989-09-30 11 IAIT THE COMPANIES ACT, CAP. SO CREDITORS' VOLUNTARY WINDING UP NOTICE OF APPOINTMENT AND SITUATION OP OPPICE OF LIQUIDATORS Name of Company: Slno Travel Pte Ltd Company No. *****/1986-M We, Don M Ho and Wee Alk Ouan of Deloltte Hasklns Sella. Nrto Noe *****88-E and *****M-J hereby five notice that:At740 words
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Advertisement637 1989-09-30 11 IN THE MATTER OP THE COMPANIES ACT, CAP. SO AND IN THE MATTES OP TEO TIANG SENG ft CO. PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of Teo Tlang Seng ft Co. Pte Ltd duly convened and held at the Registered OfTloe, 32 Chapel637 words
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Advertisement560 1989-09-30 11 ,I'Jl,. I. THE COMPANIES ACT. CAP. M AND ylt; y^ir.l,' 2 i/iIV '111 Ita: 11Bi1 i 1 1 M VOLUNTARY 'i l.i I] U\f« II it an Bztnordlnary Genral Meeting of the mo«n of Roberteon Ball (Use! iystemß Pte Ltd convened Ad hold at 61 Ooldhlll 'laaa, #19-03/05 Newton load.560 words
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460 1989-09-30 12 TRANSFER OF TECHNOLOGY SLOW, SAY SOME ECONOMISTS Reuter FOREIGN INVESTORS, wooed by government incentives, have fuelled Malaysia's current economic boom, but local economists say the government may be giving away too much for too little. They say Malaysia's scheme to boost theReuter - 460 words
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329 1989-09-30 12 Reuter THE INTERNATIONAL Tin Council's creditors have eased pressure on the organisation to settle legal claims arising from the 1965 collapse of the ITC buffer stock, council delegates say. A meeting of the ITC's settlement committee ended in London on ThursdayReuter - 329 words
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230 1989-09-30 12 Bernama THE STAGE has been set for a further rise in the price of tin in view of the presence of strong fundamentals in the market at present, according to traders in Kuala Lumpur. "Philip Brothers, a leading trading house in London, boughtBernama - 230 words
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341 1989-09-30 12 Reuter COMMUNIST PARTY general secretary Jiang Zemin yesterday rejected West-ern-style reforms for China, saying they would put the country on the road to poverty and "enslavement". In a 70-minute speech with strong Marxist overtones marking 40 years of Communist Party rule, Mr Jiang saidReuter - 341 words
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162 1989-09-30 12 AFP WORLD FINANCE and monetary talks ended in Washington with cheers for the spread of market-based economics in debt-stricken developing nations and re-form-hungry Eastern European states. The International Monetary Fund (IMF) managing director, Michel Camdessus, said he took heart from the "silent revolution"AFP - 162 words
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170 1989-09-30 12 Reuter TWELVE European technology firms have joined forces to call for a block on Japanese and US telecommunications firms entering Europe unless reciprocal access is guaranteed, the European group's chairman says. Philippe Gluntz, who is also chief operating officer of Alcatel NV, told ReutersReuter - 170 words
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Article165 1989-09-30 12 Reuter SWISSAIR-SCHWEIZERISCHE Luftverkehr AG is holding talks with a potential partner in the Far East to round out its worldwide network of cooperative agreements, chairman Armin Baltensweiler said. "We are holding talks with a company in the Far East," he said during aReuter - 165 words
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364 1989-09-30 12 THE DEATH of former President Ferdinand Marcos will not trigger violence that could damage the Philippine economy, and any nervousness it may initially cause will ease, businessmen and stockbrokers said in Manila yesterday. They said that local investors did not expect the ousted364 words
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680 1989-09-30 12 MARTIN SOONG - PM LEE'S LIBEL SUIT AGAINST FEER Contents.of affidavit not an issue -bf MARTIN SOONG HIGH COURT Justice LP Thean yesterday rejected as evidence a high-ranking Vatican representative's affidavit affirming that the Singapore government had not attacked the Catholic Church and that ties had been680 words
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LATE FILE
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Article46 1989-09-30 12 Reuter THE HENG SAMRIN government plans to hold elections in Cambodia by the end of the year, a senior communist official announced just days after the Vietnamese troops left their Cambodian allies alone to fight the threat of the Khmer Rouge guerillas.Reuter - 46 words
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Article42 1989-09-30 12 Reuter PERUVIAN PrMMMt AWGarcia's Prime Minister, Luis Alberto tencjw, and the entire Cabinet of 15 ministers resigned M what was seen as an effort by the ruling Aprista party to freshen Its image before presidential elections in April. ReuterReuter - 42 words
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Article41 1989-09-30 12 Reuter AN UPPER HOUSE by-elec-tion in H*arski, north of Tokyo. jQfl£tunday ia expeoted to Men whether Ispe neee Prime Minister ToshHd Kaifu ia likely to stay in offlse and to test his party's general election chances.Reuter - 41 words
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Article50 1989-09-30 12 Reuter THE SRI LANKAN government is likely to extend a 72-hour truce with left-wing rebel* when it ends today because violence is dropping, military aourcas said, pointing out that 10 people had been killed over the pint two days, far fewer than be-/ tors. ReuterReuter - 50 words
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Article66 1989-09-30 12 Reuter J- COMEX gold futucee were sUghtty higher early yesterdM^ On overnight market atrength end morning commtsaion houaa buying. Spot October was US$l.lO higher at a morning trade of U*****.20 an ounce. The December contract gained US$O.5O to U*****.30 an ounce. Silver futures were mixed toReuter - 66 words
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Page 12 Advertisements
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Advertisement180 1989-09-30 12 You paid a high price for success. Why pay less for your TV? [grutTdig TV ANA HOTEUS SINGAPORE LTD. (Incorporated in the Republic of Singapore) The directors announce the unaudited results of the Company for the six months ended 30th June 1989. 1. (A) TURNOVER (B) INTEREST INCOME 2. NET180 words
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Advertisement7 1989-09-30 12 Swissair, SAS to swap stakes, PAGE 117 words
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Advertisement1033 1989-09-30 12 );'"]"}).^<!$-*<;-.@:[/,}:.%>]? umui Homings BERnan (INCORPORATED IN MALAYSIA) INTERIM ANNOUNCEMENT OF RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 1989 The Board of Directors wishes to announce the following unaudited results of the Group and Company for the si* months ended 30th June 1989 GROUP Six Months To 30th June Note1,033 words
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Executive Lifestyle
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Article, Illustration1541 1989-09-30 13 SAKINA KAGDA - If you have a spear collection, leave it at home when you go ballooning in California Or for that matter, anywhere you ride hot-air. But bring along a sense of wonder, says SAKINA KAGDA, because when you are carried by the wind on high, you do1,541 words
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Article, Illustration821 1989-09-30 13 CATHARINE FERNANDO - v With CATHARINE FERNANDO THE OTHER DAY, I was driving to school when I saw this little squirrel scurrying across the road. I slowed down, both to watch it as well as to give it another chance at survival. That little incident in itself may821 words
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Article230 1989-09-30 13 IF YOU'RE thinking of switching careers, the Singapore Broadcasting Corporation might have an enticing load of fringe benefits to lure you. Besides the usual housing renovation and vehicle loans, a job ad for "viewing officer" also listed "free copies of Radio and Television Times" as further230 words
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Commentary
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Article, Illustration1142 1989-09-30 14 SAID ABDULLAH - SAID ABDULLAH NOW THAT the government has decided it had better leave the religious turf to the religionists, perhaps it is time to recall the raison d'etre for introducing Religious Knowledge in schools in the first place. Why did this secular government uncharacteristically1,142 words
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Article, Illustration894 1989-09-30 14 WALTON MORAIS - WALTON MORAIS I SMOKED four cigarettee tn toe course of writing this article. And while these emokee blackened my lunge, generated more phlegm, enhanced my rlek of peptic ulcere, and will probably make me leee productive when I reach the peak of my working894 words
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Article, Illustration450 1989-09-30 14 Economist "THERE are three kinds of liee: lies, dsmned liee and statistics." observed Mark Twain, the American novelist and humorist. Mr Twain would have had a field day with two lists of the world's billionaires published annually by two American business magazines, Forbes andEconomist - 450 words
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235 1989-09-30 14 CHIA BOON PIN - letters to the Editor CHIA BOON PIN Executive Director Reel Estate Developers' Association of Singapore Dear Sir, I refer to your witty little write-up "The Ohena eye for quality" (BT. 16 Sept 1989). As it appeared under the column "Don't quote me",235 words
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Article134 1989-09-30 14 D W DISTANT - D W DISTANT Dear Sir, A recent press report about a businessman seeing a blade from a grass cutting machine fly through the window and land in his office was amusing to read. Even when a young mother expressed her fear of injury each time134 words
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Executive Lifestyle: Pursuits
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Article, Illustration1387 1989-09-30 15 VIOLET OON - Jane Fonda did it. Mick whazisname did it. Of course, Jack Benny never did it, being 39 forever. But, what is it really like, turning the big Four-O? For today's attractive women, does it mean endless calisthenics by videotape so as not to get1,387 words
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Article, Illustration656 1989-09-30 15 THE first manned flight in a balloon occurred 205 years and nine months ago. Stangely, the name of the town I took off from, and the place from where the first balloon took to the skies are similar. Perris, California, and Paris, France. On Nov656 words
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Article, Illustration801 1989-09-30 16 N K YONG - By N K YONG THERE IS A HILL TOWN named Montalcino in Tuscany, perhaps no mors beautiful than ths numerous similar hill towns which dot the landscape of Tuscany, but this one is different because the wine named after it is Italy's most famous, most long-lived,801 words
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Executive Lifestyle: Entertainment & Pursuits
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871 1989-09-30 17 RICHARD SEAH - HEALTH By RICHARD SEAH DOCTORS are often unfairly treated as know-alls. They are asked to comment on anything and everything about health including things they never studied in medical school. A case in point is an article in The New Paper tt|is week billed871 words
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Article, Illustration406 1989-09-30 17 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY THE WEE MEMORIAL Trophy bridge event which took place over the week-end was won by the team of T P Wu, Professor Pi. Dr A K Heng, HS Ho, CL Chia and KT Liao on a tie break from the406 words
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Article, Illustration1205 1989-09-30 17 JUANITA SHAKILA - Compiled by, JUANITA SHAKILA STAGE PERFORMANCES: Sydney Conservatorlum Chorale. As part of their Southeast Asian Tour, the chorale will be giving three performances in Singapore. A select group of the conservatorium's full-time students, it has performed major choral works such as Belshazzar's Feast; Damnation of Faust, Camina Burana and1,205 words
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Article491 1989-09-30 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG IT IS NOT UNCOMMON to attend only one-half of a performance at the Victoria Concert Hall all for the sake of dinner. Singaporeans do not expect restaurants to prepare pre-theatre menus; neither do restaurants cater to the need for after-theatre meals.491 words
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Article, Illustration745 1989-09-30 17 NG PENG HUI - By NG PENG HUI IF OPERA ever goes MTV, you'll get Artm. A 10-part anthology of opera vignettes, it will head the list of movies to be screened (on Oct 13) by the Singapore Film Society over the next three months. What generates745 words
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Article, Illustration494 1989-09-30 18 LAWRENCE TAN - By LAWRENCE TAN MR MIYAGI, MR MIYAQI, why oh why did they put me through yet another sequel? Wasn't Karate Kid Part Two enough? Didn't they remember how it didn't have the original kick? Nobody remembers Part 11. Dan-iel-ean. Mr Miyagi, Mr Miyagi... A494 words
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Article, Illustration691 1989-09-30 18 DAVID CHEW - NOSTALGIA By DAVID CHEW SEEN A ROCK N' ROLL movie lately? Once upon a time, rock 'n' roll moviee were very popular, playing to packed cinema audiences all over the world, including Singapore. But they somehow rolled away in the691 words
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Article, Illustration559 1989-09-30 18 SAMUEL EE - Born a babe in the woods, grew up a babe in the woods. That's one way reviewer SAMUEL EE might describe his childhood. Thus, this sheltered innocent nearly jumped out of his Bata shoes when he found out... SAMUEL EE HORRORS! I never knew going to the movies559 words
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Article, Illustration427 1989-09-30 18 LAWRENCE TAN - by LAWRENCE TAN LIKE A HOME BREW, if Roadhouam doesn't lack subtlety, it doesn't lack anything. A bouncer who's the best in his field, where nobody gives out awards for the most courteous employee of the month, is hired by a besieged bar owner427 words
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Article, Illustration1193 1989-09-30 19 ROGER LOH SAMUEL EE - CD REVIEWS By I ROGER LOH SAMUEL EE JOE COCKER: One Night of 8!n (Capitol) On Joe Cocker's second Capitol release, it's quite clear that he has nothing more than roots and raw nerve going for him. The over-produced muddle of mediocre1,193 words
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SHORT TAKES
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Article114 1989-09-30 19 DON'T WORRY if everybody else tells you that you live in a world of your own. That life is one big fantasy for you. Because you might possibly find fame and fortune if you could just harness your strange behaviour more creatively. As part of the Festival Fringe114 words
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Article95 1989-09-30 19 FEEL LIKE swimming all day today right through to tomorrow, eight storeys above ground level? If you do, you'll have to go to the Holiday Inn Park View at noon today and ask to be invited. Because the hotel will be organising its second "24-hour Swimathon"95 words
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Article, Illustration125 1989-09-30 19 IF YOU'RE still living in nostalgia or a time-warp, this is one show you'll have to catch. Called "The Supremes Forever", it's the carrying on of a Motown legend which somehow hasn't heard of the word "quit". Long without Diana Ross, the Supremes now consist of Rena Cruse,125 words
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Article, Illustration736 1989-09-30 24 BOEY KIT YIN - TRAVEL By BOEY KIT YIN TAKE A TIP. If you won't pay the full fare for a first-class seat on a plane, then do the second best thing: take a risk and check in late, by which time the business or econ-omy-class seats would likely be736 words
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Executive Lifestyle: Personal Investment
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Article, Illustration896 1989-09-30 20 HERMAN PHUA - GOLD By HERMAN PHUA GOLD is getting ready for a turn. But don't go in just yet. That's the majority view of seven gold gurus interviewed by Usfinancial weekly Barron s. .v M Since the beginning of this gold has looked passe and investorsSource: Baron's Commodity Research Bureau, Insights by Justin Marnis - 896 words
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Article, Illustration186 1989-09-30 20 C S Dow - -By C S Dow THE STEADY and orderly decline of the gold price from the peak of about US$5OO per oz (spot price) in December 1987 has again charted an impressive downtrend line with four contact points (see chart). The recent rally, which186 words
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879 1989-09-30 20 PHILIP TEH - FINANCIAL PLANNING By PHILIP TEH financial consultant, Investment Protection Planning. Mr Teh is writing in his personal capacity THE PROMISE of a return on investment always carries with it the possibility that a loss could result. The higher the reward, the greater the879 words
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509 1989-09-30 20 WHILE PHYSICAL GOLD remains to be rediscovered, gold stocks have soared. Over the past few months a rally in these stocks has created a divergence against the precious metal. A few of Bmrron's team of seven gurus have caught wind of the move509 words
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819 1989-09-30 20 ASIA-PACIFIC FT THE JAPANESE ere becoming more discerning investors in Asia-Pacific markets. The country's giant life insurance companies are now consciously increasing the region's weighting in their portfolios. Overall, Japanese investments in Asia-Pacific markets are estimated to account for only 3 per cent to 4FT - 819 words
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Article475 1989-09-30 20 Conversion terms Premium/ (discount) using Expiry Amount Knees (as ai Optional** Company (m units) Wrts Share Lnstk Conv ratio Exer pries Lnstk nom valus Cash Cash 1 Lnstk* Gearing 1 Oats mths left C K Tang Chuan Hup Chuan Hup 94 City Dev DBS Land 16.9475 words
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Don't quote me...
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Article158 1989-09-30 21 WE ARE TOLD that the family of Indonesian cooking oil king Oei Ek Tjhong (Eka Tjipta Widjaja) has been on a buying spree in Singapore's residential property market. Among properties snapped up by family members recently are some eight units in a condominium development in Katong158 words
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Article185 1989-09-30 21 SPEAKING of Indonesia, the frenzy in the stock market there is reminiscent of Taiwan about a year ago. New companies are being listed on the Jakarta Stock Exchange (JSE) at a rate of one a week, and each new issue is snapped up in no time. Stagging185 words
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Article100 1989-09-30 21 QUOTE of the month goes to Mr Tadasu Toba, the 59-year-old president of Ajinomoto Co, the world's biggest producer of the mouth-numbing, skull-tingling food additive known as monosodium glutamate (MSG). Talking to Forbes about his company's plan to expand its market share in America, Mr Toba100 words
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Article, Illustration948 1989-09-30 21 LORETTA Mc LAUGHLAN - mm By LORETTA Mc LAUGHLAN WHETHER YOU LOVE or hate entrepreneurs like Vincent Tan and whether you are suspicious or enthusiastic about shareholding structures such as the IGB-Inter-Pacific-Berjaya triangle, there can be no dispute that Berjaya Corporation (Malaysia) Bhd has enjoyed a meteoric948 words
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Article, Illustration147 1989-09-30 21 CHARTPOINT PRICES are sitting on support S at yesterday's close of 551.55. Medium-term indicators are also in an area of support, but short-term indicators are quite oversold. Because of this, a break below S would cause prices to drop only marginally lower in147 words
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Article, Illustration464 1989-09-30 21 C DOW - W/ By C DOW THE G-7 STATEMENT on the US dollar after its meeting last weekend and its interventions in the foreign exchange market this week to "push" the greenback lower is reminiscent of the G-5 meeting and its aftermath in September 1985. Indeed,464 words
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324 1989-09-30 21 WARRANT WATCHER WHEN A STOCK has two warrants outstanding, there can be good chances to arbitrage between the two. Let's look at Straits Steamship Land warrants (SSL) and Keppel Investment warrants (Kl). In spite of their different namee, both324 words
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414 1989-09-30 21 Reuter CENTRAL BANKS have succeeded in sharply lowering the dollar's value with an unuedflfy aggressive US$4-billion intervsgv tion this week, but the resiJMrrt currency Is expected to recover as soon as the assault enifti, economists said. Since last weekend's GtqmpReuter - 414 words
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Executive Lifestyle: Sports
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Article, Illustration571 1989-09-30 22 GOLF AP TOM KITE said the Americans' top-seeded position was an advantage in first round play of the Dunhill Cup. Mark Calcavecchia said nothing at all. Greg Norman said goedbye. "See you next year," th«- Australian "Great White Sh«rk" said afterAP - 571 words
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307 1989-09-30 22 AP GREG LADEHOFF and Tommy Armour 111, two players who have never won a PGA tournament, each shot a 6-under par 66 on Thursday to take the openinground lead of the U*****,000 Centel Classic in Florida Ladehoff, whose group was the last toAP - 307 words
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Article, Illustration307 1989-09-30 22 TENNIS AFP AP MICHAEL CHANG defeated Wimbledon quarter-finalist Paul Chamberlin of San Diego 6-1, 6-2 to gain the quarter-finals of the U*****,000 Volvo of San Francisco tournament. In a match that took just an hour, Chang, the defending champion in San Francisco, appeared toAFP; AP - 307 words
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248 1989-09-30 22 CYCLING AP BELGIAN CYCLIST Eric Vanderaerden won the second stage of the Tour of Ireland on Thursday in a finish that was so close he thought he had placed second, and- also took the overall lead of thO>ve-day race. Vanderaerden believed he finished behindAP - 248 words
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Article, Illustration330 1989-09-30 22 MOTOR-RACING AFP NlflEL MANSELL, foiled in his attwnpt to escape a ban on competing in tomorrow's Spanish Gravid Prix, could turn his back racing. Jhe 36 year-old Briton was banned from Sunday s race and fintfd US$5O,OOO for failing toAFP - 330 words
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106 1989-09-30 22 AFP BRITISH designer John Barnard has failed to reach an agreement with Ferrari to continue working for the Italian Formula One team next year. Although his departure was announced three months ago it was thought the arrival of Frenchman AlainAFP - 106 words
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219 1989-09-30 22 AP NIGEL MANSELL of Britain, in his first public comment since his suspension, said he intended to lodge an appeal in Paris before the International Federation of Automobile Sports. Explaining why he stopped illegally, he said, "The McLaren mechanics had placed some material in theAP - 219 words
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416 1989-09-30 22 BOXING AP PABLO ROMERO. Cuba's one-man light heavyweight demolition squad, is now only one victim away from winning his third World Championship title. The 29-year-old took only 98 seconds in the semifinals in Moscow on Thursday to stop Hungary's Sandor HranekAP - 416 words
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242 1989-09-30 22 ATHLETICS AP TWO-TIME Olympic hurdles champion Edwin Moses, in an interview published on Thursday, said drugs were spreading like cancer in US sports and called for a judicial inquiry into the problem. In an interview with the West German magazine Stern, Moses was quotedAP - 242 words
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Article, Illustration253 1989-09-30 22 FORMER world heavyweight champi6n George Foreman will take on fellow-American Gerry Cooney next January in what he said is a "dream matchup" with championship possibilities. "This is a dream fight," said the 40-year-old Foreman, who has won all 19 of his fights since staging a253 words
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Executive Jobs
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Article, Illustration383 1989-09-30 23 DAVID TAN Long Yam has been promoted to the position of general manager of Maersk Singapore Pte Ltd. He takes over from Mr Yim Choong Chow who has been assigned to head the Maersk office in Copenhagen. Mr Tan has been with the company for 14 years383 words
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Article, Illustration788 1989-09-30 23 SANGEETA MULCHAND - By SANGEETA MULCHAND HE LEARNT half his trade during his eight years in government service. The other half was picked up during his three years as a door-to-door salesman peddling cooking ware, fire extinguishers and telephone sprays. As far as former civil servants788 words
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Article1188 1989-09-30 23 DAVID MARCHINGTON - It can help to have impressive paper qualifications and a brilliant track record. But other factors are just as important in deciding who gets the job. And sometimes it boils down to personal chemistry whether or not employer and prospective employee hit it off from the1,188 words
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Page 13 Advertisements
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Advertisement311 1989-09-30 13 CALL fr(T(s"[T for all your financial needs hotv any phone anytime, any place 222 5544 222 8844 Hong Laong Flnanca Singapore Finance kkfrntmfUm tJfmmm. MfOlM V :OIS7 CMT73 Today, one watch reigns supreme. nr» I icst The Mechanical Masterpieces The Automatic Chronograph, the Perpetual Calendar and the Tourbillon (Illustrated from311 words
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Page 14 Advertisements
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Advertisement20 1989-09-30 14 Singapore Lenders Target the Consumer Helping Hongkong workers make the big move In the Spotlight: Bonvests Holdings C K Tang20 words
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Page 16 Advertisements
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Advertisement903 1989-09-30 16 Where tv entertain... Where to entertain... Where to entertain... Where tv Some like it hot. From September 18 to 30 you can discover the secret cuisine of Xi an's Master Chefs, direct from the Golden Flower Hotel, Xi'an. Tantalisingly spicy dishes served at lunch and dinner in the cool, inviting903 words
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Advertisement181 1989-09-30 16 PABry AT THE LIBRARY If* non-stop action ami km mmy m/kt at Tha Übrwy. Each fi ll 1 V «g atatam Library Basement SB 333 Orchard Road, Singapore 0923. Tel: 737 4411. I)isco\? r the las'? of Difference honq Dia~ Vn Our Master Chef Mr. Wong Chi Kwan from Hong181 words
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Page 17 Advertisements
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Advertisement177 1989-09-30 17 entertain.. Every Sunday Theme's A Family Feast In The Paek. At the Hubertuj Grill, Sunday brunch u a great outing for the family. A glorious buffet spread LaLud out for both grown up* and children. And to make sure the lath are truly entertained, there's an exciting Mattel playroom. Sunday177 words
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Page 19 Advertisements
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Advertisement33 1989-09-30 19 BIRTH OF A NEW •.CLASSIC a ■X,--. A* Li COMPANY «e IDEAS F»OM MASSIMO OSTI C.P. COMPANY BOUTIQUE TANGS STUDIO (LEVEL 1 SCOTTS SHOPPING CENTRE, SINGAPORE 0922 SOLE AGENT: FIELDSTONE TRADING PTE LTD.33 words
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Advertisement99 1989-09-30 19 ESSENTIALS OF is a handbook of the fundamental facts in 'A' level Economics, ft brings together all the important definitions, theories and concepts in Economics that you, the student, will need to know, and presents these in the form that you will find easy to understand and absorb The arrangement99 words
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Page 19 Miscellaneous
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Miscellaneous782 1989-09-30 19 tohimis (ga^eDaD CRYPTIC PUZZLE ACROSS 8 How the photographer said "A little bit higher"? (5. 2) 9 For long time, le afraid of your being broken into (4. 5) 13 How the reluctant boy waa urged to piay K? (5) 14 Cat making a row round about midnight (5) 15782 words
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Page 20 Advertisements
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Advertisement48 1989-09-30 20 PROVINCE OF QUEBEC, CANADA J Lake Reardon Resort Land i For Sale (320 Acres) i Price from C 59,000 upwards i For more details, ask for a free brochure from .1 Exclusive Agent: DAMO ENTERPRISES PTE LTD Crawford P.O. Box 571, Singapore 9119. Tel: 02-291-2062 Fax:o2-295-1615 Pager: *****6848 words
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Page 21 Advertisements
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Advertisement28 1989-09-30 21 BT welcomes Investment Ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 092328 words
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Advertisement188 1989-09-30 21 FOR SALE MV SUPERCAT EI (30 METRES) High Speed Ferry m mm. r tt* a£. 5E3PdiK' Buik: Length SPECIFICATIONS: I annrhcri December 1987 Materials: All 30 metres Engines: 2 x II JO metres 21 1.98 metres TD 25 knots service. Max 28 knou 35,000 litres (Service) Water 3,000 Litres Range:188 words
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Page 22 Advertisements
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Advertisement349 1989-09-30 22 KfAtt JOO CAM FACTORY BCRMAD (incorporated In Malaysia) HALF-YEARLY REPORT The Directors are pleased to announce the unaudited results of the Group and of the Company for the first six months ended 30th June 1989. HALF YEAR ENDEO 30TH JUNE GROUP COMPANY INCREASf (DECREASE) 1989 1968 1989 1988 GROUP COMPANY349 words
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Page 23 Advertisements
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Advertisement210 1989-09-30 23 DHL IN THE NEWS Advertisement DHL spans the world DHL was started in the United States in 1909 by three men Dalsey, Hillbtomand Lind who saw an essential need for the quick delivery of important documents from the Wast Coast of USA to Hawaii. Today, DHL has grown to become210 words
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Advertisement350 1989-09-30 23 CONNER PERIPHERALS, a publicly-held manufacturer of computer peripheral products headquartered in California, invites you to be a top executive in our growing company in SINGAPORE. 7 REGIONAL CONTROLLER The Position The incumbent reports to the Vice President Finance with dotted line responsibility to Vice President and General Manager of Singapore350 words
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Page 23 Miscellaneous
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Miscellaneous43 1989-09-30 23 Dip sou er4jov ndorA holiday rog. Cordon J 6LUC V Vp ft RfV,T' I VJND>eRSTP>(4D rj ON MOMDRy TO coßoPe. y Noo'Re R rmef? mrm thrni I pjn 15 ON "TUG. VneNU ToDRV P srusagc Roast e»Rosseu sprouts FRCNCW FR1&3.... Russify .6uii33 Rou.43 words
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Miscellaneous29 1989-09-30 23 DOLLARS AND NON$EN$E" iy-^i jy ©:>o, \Mm I rrt '.r«.r* W® A kxm i 'Sorry I'm late, chief-—I had a little trouble working out my grooming strategy this morning."29 words
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Page 24 Miscellaneous
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Miscellaneous617 1989-09-30 24 Mekanfc, Today. 3.05pm, SBC 5 A mechanic stumbles upon a huge cache of stolen cash in the back seat of a taxi and decides to keep it for himself. But he's got to contend with the bank robbers who stole them in the first place, and two mysterious women who617 words
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Miscellaneous2726 1989-09-30 24 SATURDAY sssrr^~ PM Opening and Programme Highlights followed by Life Matters Diabetes (See Our choice). Bookvisions The Prisoner of Zenda. Rassendyil, Sapt and Fritz go to the rescue of the King who is being imprisoned in Michael's hunting lodge They and part of the King's army attack the lodge and2,726 words
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Miscellaneous187 1989-09-30 24 Water Birds, Today, 6.35pm, SBC 5 Water birds, such as ths gull, plover, sandpiper, mandarin duck and albatross, make their home near the water's edge because of the abundant supply of food. Nature Watch examines their habits, hunting techniques, and even their plumage. Dllfcrtf, Today, 7.30pm, SBC 12 Not all187 words
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