The Business Times, 14 October 1989
1989-10-14
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The Business Times
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Title Section12 1989-10-14 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, October 14-15 1989 75 CENTS12 words
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Article, Illustration537 1989-10-14 1 GENEVIEVE CUA - COMPANY KEEPING IN CLOSE TOUCH WITH EDB By GENEVIEVE CUA US-BASED chemicals giant Du Pont is planning a massive manufacturing investment of about US$2 billion in the Asia Pacific, a move calculated to more than double its, presence in the region. It537 words
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488 1989-10-14 1 JOHN TAN - By JOHN TAN DEVELOPERS were up in arms yesterday over a set of measures designed to further regulate the building and selling of residential properties. They were particularly unhappy about the rule which extends the punishment meted out to a law-breaking company to488 words
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530 1989-10-14 1 Reuter THE US ECONOMY will continue to grow through 1991 if the Federal Reserve, America's central bank, gradually eases its grip on credit and lets interest rates decline, a group of the nation's top business leaders said yesterday. The Business Council,Reuter - 530 words
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168 1989-10-14 1 Reuter US PRICES at the wholesale level rose 0.9 per cent in September, boosted by a resurgence in prices of petrol and cars, the Labour Department said. The sizeable rise indicated a return of inflationary pressures to the US economy afterReuter - 168 words
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Article118 1989-10-14 1 Reuter THE US DOLLAR Jumped about a pfennig and prices of US Treasury bonds fell around half a point following last night's news that producer prices roee 0.9 per cent in September while retail sales advanced 0.5 per cent. The dollar was indicated as highReuter - 118 words
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Article57 1989-10-14 1 AP WALL STREET stocks were mixed yesterday as the market absorbed the news of a jump in the US producer price index. Losers outnumbered gainers by about 11 to 7 in trading of all New York Stock Exchange-listed issues, with 351 up, 556 down and 536 unchanged. ButAP - 57 words
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Article44 1989-10-14 1 AP LONDON shares retreated from early morning gains and were little changed at noon yesterday, after the government reported that inflation in September was higher than expected. At 1106 GMT. the FTSE 100share index was unchanged from Thursday's closing level of 2237.8. APAP - 44 words
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Article, Illustration241 1989-10-14 1 STOCK MARKETS in Tokyo and Sydney rose yesterday while those in Singapore and Hongkong fell. Share prices on the Tokyo market rebounded on bargain hunting and talk that the US may be easing its credit policy. The key Nikkei index gained 320.97 points241 words
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Article153 1989-10-14 1 Slock Indie— FrWoy ST Index M27.88(-3.97) BT Composite Index 1,279.671-4.41 NST Industrial Index 2,634,42<+ 18.72) HK Hang Seng Index 27*230 (-11.15) Tokyo Nfckel Average 35,116.02 320.97) oyonmy AJi-vjraioort+s 1742.3 (+11.7) Thuodoy New York (Dow Jones) 2759A4(-13J2 London (FT 30 Index) 2<U) US$. 143.85yen 1.9055DM S$ 1.9690 It153 words
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Page 1 Advertisements
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Advertisement268 1989-10-14 1 Nikon t •i ■> I The Wbrid's Finest Photographic System. Happy hours Page One The ways of a habitual smoker Page Two Aussie value-for-money, Alsace charmers Page Four ■mm Dr Kong brews some healthy advice Page Five ■Art A budding rose Page Six ■FtM No grouses from Sherwood Page Seven268 words
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Advertisement240 1989-10-14 1 Nikon The Wtd'e Ansel Photographic ty—m. Full report, PAGE Regional morfcote, PAQE 10 World martoto, PAQE 11 HISTORY IN TIME I6J^HUm-JrWfISBKpM Planetarium Copernicus, handmade in 18 ct gold, individually numbered, sappbire crystal, water resistant to 30 m, sbockproof Planetarium Copernicus The Planetarium by Ulysse Nardin combines with a pure The240 words
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HOME NEWS
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Article, Illustration460 1989-10-14 2 LEE HAN SHIH - .RECLAMATION WORK TO BE COMPLETED AROUND 1995 By LEE HAN SHIH Property Correspondent RECLAMATION WORK is expected to start in a lew years' time to 1 merge Sentosa with its smaller sister island at its eastern end, Buran Darat. The project will460 words
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423 1989-10-14 2 SINGAPORE will be host to two monarchs, a dozen presidents and 15 prime ministers stopping over on their way to, or back from, the October 18-24 Commonwealth Heads of Government Meeting (CHOGM) in Malaysia. A deputy prime minister and two cabinet ministers423 words
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213 1989-10-14 2 SINGAPORE TELECOM yesterday signed a Construction and Maintenance agreement to invest US$4.7 million in the first optical fibre cable linking North America and Asia directly. When in operation in late 1992, the system will allow for faster and more213 words
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190 1989-10-14 2 FROM NOV 1, all lessees and tenants of Housing Development Board flats who pay their mortgage instalments late will face a penalty. This is an extension of the new penalty fee system which was introduced in July for late payment190 words
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Article216 1989-10-14 2 A PAPERLESS cargo shipment system that will mean total annual savings of $5 million for port users will get underway in December. Thia system is part of Portnet. the electronic data interchange system that the Port of Singapore Authority (PSA) expects to be mostly in place216 words
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Article73 1989-10-14 2 THE National Computer Board has awarded 10 undergraduate scholarships for computer studies at some of the top US universities reputed for their programmes in computer science and computer engineering. The scholarships, aimed at encouraging bright Singaporeans to pursue careers in information technology, were first launched in 198273 words
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151 1989-10-14 2 THE Western Australian state government will be sponsoring its largest trade and consumer exhibition ever to be held in Southeast Asia in Singapore next week. The theme is "Australia Comes To Singapore" and the exhibition will be held at Raffles City from Oct 18 to151 words
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431 1989-10-14 2 JOCELYN TOH - By JOCELYN TOH THE NEXT big push of West German electronics giant, Siemens AG, into this region will be in the field of highly specialised data and information processing. Its move into this line is also its first outside Europe. The stepping431 words
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198 1989-10-14 2 THE FIRST Five Power Defence Arrangements (FPOA) land exercise ever to be conducted in Singapore will take place next week, from Oct 16 to 28. This land exercise, codenamed "Lion Spirit", will involve some 200 personnel from the five FPOA countries of198 words
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Article82 1989-10-14 2 FIVE Singapore Members of Parliament yesterday left for a nine-day visit to the Soviet Union (USSR). The visit is at the invitation of the President of the Supreme Soviet of the USSR It will be the first visit to the USSR by a delegation of82 words
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321 1989-10-14 2 THE CIVIL AVIATION Authority of Singapore (CAAS) plans to build a new Civil Aviation Training Centre in Changi to replace the one in Seletar. Th new centre will give Singapore a larger and more advanced facility to develop further its position as321 words
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Article648 1989-10-14 2 m Seminars and If 1: S 1 l°j! 3 J Pn i.reoc V J CI Tlx: RS ***** 1 I muraes Oibm#ffi-V Fax: *****66 y Oct 14 Monoglng Pubik Hot*) New OtanJ Datas»arch *****31 Relations For Resources Corporate Success Oct 16-20 Corporate Finaoctal Century Pork University vwtm Management648 words
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Page 2 Miscellaneous
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Miscellaneous198 1989-10-14 2 I Global temperatures and weather forecast City Max/ Note OUTLOOK: Showcri mi. a tmr araaa In tha ,n mnmlii n nin^|. Report for 24 hours prior Ab#rdt<n 11/06 Brnzy 7.30pm on Oct 13 at Amsterdam 16/10 Shower, *>• olrport, 24/14 Sunny 323 Auckland 19/12 Windy fHJmk3lfy Iqngkok 32/25 Shown m198 words
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FOREIGN NEWS
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368 1989-10-14 3 Reuter SIX SOUTH KOREAN students armed with home-made bombs invaded the American Ambassador's residence in Seoul yesterday to protest at US pressures on South Korea to open its beef and agricultural markets. Police said the youths, members of a so-called "Anti-Ameri-can Crusade", scaledReuter - 368 words
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149 1989-10-14 3 AP SOUTH KOREA s National Assembly adopted a resolution yesterday urging the government to work out a considerate and gradual timetable in opening South Korean markets. In a rare compromise, the governing Democratic Justice Party and three other opposition parties joined forcesAP - 149 words
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323 1989-10-14 3 AFP THE European Commission proposed msssures on Thursdsy aimed at spurring exports by Poland and Hungary to the European Community (EC), as part of the West's effort to help reforms in the Eastern Bloc. Under the proposals, Poland and Hungary willAFP - 323 words
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Article234 1989-10-14 3 AFP BRITISH Foreign Secretary John Major said in Blackpool on Thursday that the UK was now a driving force behind efforts to unify the European Community (EC) market by the end of 1992, calling the project "our show". "We are now setting the European agendaAFP - 234 words
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320 1989-10-14 3 AP THE European Community and the United States reached tentative agreement on a new accord, increasing slightly the European share of the American steel market, the trading bloc announced on Thursday. The European Commission, the Community's executive body, said the European shareAP - 320 words
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Article951 1989-10-14 3 ARRIVALS Operator S*rvfc« local From number SU SQ103 0950 KUL CPA CX710 1000 CGK •AW lAOII 1005 LHt MAS MH607 1020 KUL GU GA960 1100 CGK SIA SQ105 1105 KUL MA •1421 1130 IWN QFA QF062 1135 Mac SIA SQ1SI 1145 CGK CIA GA940 1150 MCS PAL951 words
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199 1989-10-14 3 NYT NIPPON STEEL Corp will delay by at leaat six months the scheduled shutdown of two blast furnaces because of a stronger-than-expected domestic steel demand forecast for the coming 12 months. The action follows similar moves by two other Japanese steelNYT - 199 words
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Article, Illustration543 1989-10-14 3 AP US TRADE Representative Carle Hills yesterday celled on Japan to scrap discriminatory, anticompetitive trade practices and said Tokyo must work with Washington to overcome Americans' sense of frustration with Japan. "Anti-competitive prectices, whether officiel or privete, run counter to the worldAP - 543 words
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203 1989-10-14 3 NYT CONSTRUCTION Minister Shozo Harada, in response to US Trade Representative Carla Hills' call to open up Japan's construction market, said on Thursday American contractors are not trying hard enough to win Japanese contracts. Mrs Hills submitted to Mr Harada a list of fiveNYT - 203 words
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360 1989-10-14 3 AP THE United States' five-year rejection of Unesco because of claims that it was anti-Western, among other things, has hurt US industry and science, a blueribbon panel said on Thursday. An international panel of experts led by former Republican Senator Robert T Stafford concludedAP - 360 words
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Article143 1989-10-14 3 AP THE US foreign trade deficit'in electronics increased 5.4 per cent to US$3.9 billion in the first six months this year. The American Electronics Association said on Wednesday that US electronics exports in the first half of 1969 rose to US$29;9 billion from the U5527.9AP - 143 words
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162 1989-10-14 3 AP A HIGH-RANKING East German official says his orthodox Communist government will discuss the possibility of making reforms with certain social groups after opposition protests and a mass exodus of workers. But Kurt Hager, the Communist Party's ideology chief and anAP - 162 words
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603 1989-10-14 4 CHINA'S Premier Li Peng warned his countrymen yesterday they faced years of hardship to stabilise the chaotic economy and overcome foreign sanctions. Economists said this could involve a drop in living standards already low compared with many of China's neighbours and603 words
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394 1989-10-14 4 Reuter A ROW between Beijing and Hongkong over a dissident swimmer and illegal Chinese immigrants is worsening despite behind-the-scenes diplomatic moves by London and the British colony, diplomats said yesterday. Jimmy McGregor, a Hongkong legislator, accused China of bullying Hongkong by refusingReuter - 394 words
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228 1989-10-14 4 AFP BRITAIN'S decision to vacate its naval base on the fringe of this colony's central business hub has further strained its relations with China, Chinese sources in Hongkong said yesterday. Beijing has not officially endorsed the plan, announced by Chief SecretaryAFP - 228 words
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430 1989-10-14 4 AFP THE South Australian government has initiated its first trade contacts with Taiwan to establish a toehold in a market the rest of Australia has largely ignored, state officials in Adelaide said yesterday. Ormsby Cooper, state director for investment attraction and trade, saidAFP - 430 words
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149 1989-10-14 4 AFP INDIA expressed a keen desire to forge greater economic cooperation with Australia during talks with visiting Australian trade and technology minister, Indian officials said. The Australian minister for industry, technology and commerce, Senator John Button, held separate meetings in New Delhi onAFP - 149 words
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Article, Illustration495 1989-10-14 4 AFP CHINA and India expressed confidence on Thursday that their relations had improved, despite a nagging border dispute, and called for measures to boost ties, officials said in New Delhi. The sentiments were expressed at a meeting between visiting Chinese Vice-Premier Wu XueqianAFP - 495 words
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68 1989-10-14 4 AFP AUSTRALIA'S search for economic opportunities in Vietnam is to receive a further boost with the opening of a trade office in Ho Chi Minh City before the end of the year. The Australian Trade Commission said the office, expected to openAFP - 68 words
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Page 3 Advertisements
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Advertisement10 1989-10-14 3 LONDON C*ymrlkmdA§mmAkCam*m73MSas. A BREATH OF FRESH AIR Air Canada s.10 words
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Advertisement86 1989-10-14 3 I SILICA SAND i JOINT VENTURE WESTERN AUSTRALIA Large deposit of silica sand, approximately 8 million tonnes with easy access to Shipping Ports. Freehold property approximately 3,800 acres, owners require Joint Venture to develop and sell this high grade silica sand which is ideal for the manufacture of glass, crystal86 words
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Page 3 Miscellaneous
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Miscellaneous21 1989-10-14 3 OLLAR$ AND NON$EN$ i <9i m... •'Revised revised government figures now indicate that no revision was necessary in the first place."21 words
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Article1845 1989-10-14 4 AT CONVENTIONAL WHARVES Vwil Voy No Barih Arrival Otparkira Kappal Wwrvw Equotor 3 35/89E <20 alongside 1310/ 2000 ffolodurban 306B KI8 alongside 1310/ 1900 Gn Af Cebeso 3/89 K16 alongside 13.10/ 1500 >enson Vim K20 alongside 13.10/ 2030 Koto Mole* C-198 K3S alongside 1410/2330 Kola Waruno E-8I5A1,845 words
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Page 4 Miscellaneous
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Miscellaneous50 1989-10-14 4 Doonesbury by garry trudeau SO WHAT ARB VOU RELIEF, FRANKLY. I'M UH-HUH. EXCUSE ME 1 THE SHAME! UH/TT 6ET YOUR MITTS FE&JN6 RIGHT NOW, LOOKS LIKB ULL TELUN6 HAVE YOU EVER P0 YOU THINK ARE in OFF MB'I'M A MR.POONESBURY? FINALLY 6BTMY YOU.TTS MB HEARD OF THE UJ&LL&BON PERFECTLY LB6AL50 words
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BANKING AND FINANCE
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424 1989-10-14 5 DEXTER LEE - By DEXTER LEE PUBLICLY-LISTED Inno-Pacific Holdings Ltd is raising $60 million from the local capital market through a multi-currency note issuance facility (NIF). Executive chairman Herman R Hochstadt said at the signing ceremony yesterday that the new NIF, which replaces a $30 million NIF issue424 words
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214 1989-10-14 5 NYT CHEMICAL BANKING Corp and Bank of New York Co announced large third-quarter losses on Thursday as they greatly increased the reserves set aside to cover possible losses on loans to Third World countries and to domestic businesses. Chemical, whose financial conditionNYT - 214 words
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328 1989-10-14 5 Bernama THE 24 Malaysian banks which are now linked to the worldwide electronic system operated by the Society for Worldwide Interbank Financial Telecommunications (Swift) will have to switch to Swift II when the new system is introduced in MalaysiaBernama - 328 words
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418 1989-10-14 5 MOVE ANGERS THOUSANDS OF DEPOSITORS Reuter THE SECOND LARGEST unlicensed bank in Taiwan has suspended all interest payments, angering thousands of people who had invested their life savings. Small groups of stunned investors wandered through deserted corridors in the headquarters of the US$2Reuter - 418 words
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389 1989-10-14 5 Reuter TAIWAN'S fledgling bond market remains moribund because of a severe supply shortage despite the island s dreams of becoming a fully fledged regional financial centre to rival Tokyo. Hongkong and Singapore. Investors are meanwhile pumping money into stocks, with the result of aReuter - 389 words
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COMMODITIES
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Article195 1989-10-14 5 CBOT SOYBEANS ended lightly mixed on Thursday after pre-report position squaring erased early gains. Prices closed up 1/4 cent to off 2-1/2 cents, with spot November the only gainer at U555.52-1/2 a bushel. In thin trade ahead of the USDA crop report, prices ended a second consecutive session on195 words
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Article200 1989-10-14 5 CBOT soft red winter wheat futures ended firmer after a day of position squaring ahead of USDA's crop report. After Wednesday's late round of commercial selling, the market came back and traders said support from corn futures was a helpful influence. Prices rose 2-1/2 cents to 1-3/4 cent per200 words
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Article290 1989-10-14 5 SINGAPORE: The rubber market closed steady yesterday, with November 1 RSS buyer quoted at 164.00 cents a kg, unchanged from Thursday's close. Dealers said there was some pre-weekend covering interest in the afternoon. Trading was thin. On the TSR-20 Award market, prices closed little changed on light interest after290 words
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Article368 1989-10-14 5 R AS prices In S c*nts/kg, FOB in bat** NOON CLOSE Buyers Sellers Buyers Sellers bit 1 RSS Prompt 162.00 163.00N 162.50 163.50N Inf 1 RSS Nov 163.50 164.00 164.00 164.50 bit 1 RSS Dec 166.50 167.00 167.00 167.50 Int 2 RSS OP 161.50 163.50N 162.00 164.00N368 words
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Article127 1989-10-14 5 THE Kuala Lumpur Tin Market (KLTM) prlca extended Wadnaaday'a fall, andlng two aan down at MS2I.M a kg, daalara said. The mart at waa doaad on Thuraday for a local hoi Ida y Tha small tall reflected a lack of dear la ad from tha London Metal Exchange127 words
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Article135 1989-10-14 5 Telerate OFFERS for CSTIBO cargoes were indicated higher as a result of the hype in crude prices overnight. Support was also derived from a firm HSFO futures market that was trading between 59b mt and $96 50 mt. A few traders were uncertain if this couldTelerate - 135 words
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Article356 1989-10-14 5 Reuter nOfKll\vNu* Gold closed little changed in quiet and sluggish trade as investors preferred the sidelines ahead of the release of US September producer price data at 1230 GMT. dealers said. They noted some early light buying from Japanese traders. Bullion ended at U*****.95/363.45 against an initial U*****.10/60Reuter - 356 words
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Article196 1989-10-14 5 Chinese Produce Exchange Sailers' noon closing prices on October 13 (S$/100 kg) Coconut oil Bulk FOB 92.00 Old drum FOB 106.00 New drum FOB 102.00 Copra Mixed (loose) 52.00 sellers Pepper Muntok white FOB NLW 490.00 Sarawak white FOB faq NLW 480.00 Sarawak spedal black FOB NLW 377.50196 words
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Article203 1989-10-14 5 London Commodity Exchange Buyer/Seller closing prices on Oct 1 2 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-rtore London, sellers option CIF London Nov 735/739 (695/696) High/Low 739/700 Jon 696/697 (680/682) High/Low 700/682 Soles (4670) Cocoa Dec 742/744 (746/748) High/Low 746/736 Mor 718/719 (725/726) High/Low203 words
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Article542 1989-10-14 5 MALAYSIAN CRUDE PALM OIL FUTURES eased yesterday to finish slightly lower on the Kuala Lumpur Commodity Exchange on some profit-taking, dealers SBid The weak sentiment was contributed by the bearish report of the US Department of Agriculture released on Thursday which forecast a small jump in the 1969542 words
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383 1989-10-14 6 EFFORTS TO CURTAIL ILLEGAL KERB TRADING Reuter CHICAGO futures exchanges have moved closer to introducing short settlement sessions that would allow members time to exit their open positions after the closing bell without violating rules, officials said By giving traders an extra momentReuter - 383 words
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230 1989-10-14 6 Reuter THE FACT that UK Chancellor Nigel Lawson did not announce initiatives to tackle sterling weakness in a speech to the Conservative Party conference on Thursday afternoon suggests the pound will soon retest 2.95 marks, dealers said. "Mr Lawson more or less confirmed theReuter - 230 words
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Article1223 1989-10-14 6 SINGAPORE: The US dollar closed lower yesterday against most currencies on selling interest out of Europe, after fluctuating narrowly for most of the day, dealers said. It fell to a late quote of 143.65/75 yen from New York's 144.15/20 close and to 1.8995/9005 marks against 1.9080/85 marks. Dealers1,223 words
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Article169 1989-10-14 6 Gold futures on October 12, 1989 100 troy ounces; USS per troy ounce Opon Law +1Oct 363 00 343.SO 363 00 363.40 *1.40 No, 365.40 +1.20 Omc 367 50 367.90 366.30 367.40 +1.30 Fob 91 371.90 371.90 370.70 371.40 +1.30 Apr 375.20 376.00 375.00 375JO +1.30 Jun169 words
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Article288 1989-10-14 6 ASIAN DOLLAR deposit rates closed slightly lower yesterday compared with Thursday's level, after a day of quiet trade. "Rates are unlikely to move widely if the US September retail sales data and producer price index is in line with market expectations." said a Canadian bank dealer here.288 words
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Article572 1989-10-14 6 Reuter EURODOLLAR futures closed mixed yesterday after short-covering and weekend book-squaring in active trading, dealers said. "Most operators adjusted their positions ahead of today s 1230 GMT release of September US retail sales and producer prices for clues to the state of the US economy,'" a trader said. "AReuter - 572 words
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Article59 1989-10-14 6 THE overnight rate on the Singapore money market was 5/16 higher at 5-3/4 per cent yesterday. Term rates were 1/16 higher at 5-3/8. S$ Interbank rates at the dose yesterday: ormt mo Om>ntgM S 3/4 S S/« iHMk 3 3/8 5 1/4 3-mrtli S 1/1 S 1/4 359 words
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Article1195 1989-10-14 6 CURRENCY FUTURES OPTIONS Friday October 13, 1989 DEUTSCHE MARK (SIM EX) Dm M cam D*c M put* M* LW M Mffc Low Ml 32 53 54 JAPANESE YEN (SIMEX) Dm M cam DtcHpuk M*» Low SMI Lo» Ml 71 72 73 CURRENCY FUTURES OPTIONS IMM Thursday, October 12, 19891,195 words
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Article297 1989-10-14 6 IMM CURRENCIES closed mostly higher as profit-tak-ing capped the dollar s advance. Trading was sluggish ahead of yesterday s US producer price report. "There's a strong underlying demand for the dollar but interest-rate differentials are now narrowing," one analyst said. He cited a recent softening in the Fed funds297 words
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Article, Illustration160 1989-10-14 6 IrKJICITM inf Iftftyt Of n»« prirnv ienoir>g rVTwt Of 12 major banks In S'por* Interbank market rates (offer/bid) on Oct 13 US$ DM SWFC Y«n 7 6ayt 13/1*—11/1* IS IS 7 J/4 7 if 4 1/4-tl/l I m* ill/16 —»/!6 IS 3/1* l/l* 7 IS/1*—13/1* *'/<-*'/• 3160 words
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Article100 1989-10-14 6 Treasury bills Period Issue Yesterday's closing Day's code Maturity MO OFFER HIGH LOW 3 months BQ*****N 11.01.90 4.23 4.16 4.25 4.20 6 months BS*****V 18.01.90 4.23 4.18 4.25 4.25 1 year BY*****F 24.05.90 4.33 4.28 4.33 4.32 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing100 words
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COMPANIES & STOCK MARKETS
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585 1989-10-14 7 MAGDALENE NG - By MAGDALENE NG THE HONGKONG hotels arm of City Developments Ltd will have assets worth a total of. $1.06 billion, of which $406.8 million are located in Singapore. Investors and analysts alike were mostly excited by the restructuring exercise585 words
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Article290 1989-10-14 7 Company RIGHTS ISSUE Ay«r Hitam Tin One-for-three M}130 per share. Ex date: Oct 12 Books dose: Oct 26 Acceptance Payment: NYA Causeway Inv Renounceable rights issue of $7 25m nominal amount of 6% unsecured notes with TS8s to subscribe for new Cousewy shares. Shareholders will be allotted $1290 words
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Article301 1989-10-14 7 Company RIGHTS ISSUE Ambassador Two-for-one $1.10 per shore. C I Holdings Issue of 27mloon stocks in the ratio of $3 loon stock for every five ordinary shares held F A C B One-for-one MjO 60 per share Faber Merlin One-for-one MJ025 per share. followed by a share swap301 words
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285 1989-10-14 7 MBT AMALGAMATED Properties Industries Bhd's accounts have been qualified by its auditors which said the continuation of the group and company as going concerns depends on their obtaining additional financing and attaining profitable operations. APl's auditors Hanafian Raslan Mohamad, in the company'sMBT - 285 words
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Article988 1989-10-14 7 Current Ex Books Date Total tor Total lor payment data doee payable the year la* year A I S ft 12%lbl Doc 27 ion II Jon 23 12% 10% Amal Steel 8%TE(II Nov 30 Dec M Jon 22 8%TE 8%TE Asiatic Dev 25%U1 Oct 5 Oct 19 Nov988 words
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Article, Illustration663 1989-10-14 7 KEVIN GWEE - By KEVIN GWEE CHUAN HUP HOLDINGS Ltd (CHH) is to further dilute its interest from 60 to 50 per cent in PCI (1989) Re Ltd. but not the amount of its investment. In a statement issued through merchant bankers Morgan663 words
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495 1989-10-14 7 MBT FABER MERLIN Malaysia's proposed sale of the Kuala Lumpur Merlin to Ampang Hotel Sdn Bhd. is to face another test in court. Ampang Hotel is a subsidiary of Ampang Investments whose shareholders are Cycle Carriage Ltd and Hotel Properties which own 40MBT - 495 words
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454 1989-10-14 7 AS MALAYSIA'S sole designated'' operator of offshore helicopter services for the petroleum industry, Malaysian Helicopter Services (MHS) is looking forward to a promising future. This is because of increasing offshore exploration and development works in the oil and gas industry, which means454 words
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SES
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Article, Illustration1132 1989-10-14 8 ABDUL HADHI - -by ABDUL HADHI LATE PROFIT-TAKING on the Singapore stock market wiped out early gains yesterday. At the end of trading, the Straits Times Industrials Index declined 3.97 points to 1,427.88 after reaching a poet-Crash high of 1,433.18 in the morning.1,132 words
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Article318 1989-10-14 8 MonogerV pricM for Oct 14 16 Singapore Unit Trust Tlw Comma, c» I 25 I 32 Th* Savings Fund 107 1.13 S'por* frofl fund 047* 0.51* S'pof# S«c Fund 0.78 0.83 S'por* Invest Fund 083 0 87 S'pors Equity Fund 059 0 A3 Asia Unit Trust Mol Invest318 words
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Article56 1989-10-14 8 INDUSTRIAL ft COMMERCIAL BANK LIMITED: EGM at the boardroom of United Overseas Bank Limited, 30th Storey. UOB Building. 1 Bonham Street. Rattles Place. Singapore 0104, on Oct 16. Monday, at 12 noon. GULA PERAK BERHAD: AGM at Malacca Room. Lower Lobby. Shangri-La Hotel. Jalan Sultan Ismail. ***** Kuala56 words
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Article6657 1989-10-14 8 Gr's Gr's 1989 Tel Last Vol Day Last Quota Dfv Oiv Y'ld Nat M Cap High Low Coda Company Sala or- (*000) High Low Buyar Sallar C'vr P/E Smll OCT 13 SESDAQ 275 120 t 4000 Amtek Eng 20* 273 2 95 273 271 273 274 126,657 words
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KLSE
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Article, Illustration3625 1989-10-14 9 KUALA LUMPUR share prices closed higher in moderate trading yesterday on strong buying support. Interest was again confined to lower and medi-um-priced stocks, with some posting double-digit gains. The market opened higher and prices remained firm on buying interest. Brokers said the market extended Wednesday's3,625 words
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REGIONAL MARKETS
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349 1989-10-14 10 Reuter THREE BUSINESSMEN preparing to acquire Sydney-based Industrial Equity Ltd for Asl.9 billion have lost one of their major financial backers and have a fellow entrepreneur hot on their heels. But their company. Corama Pty Ltd, is still confident it will come up with theReuter - 349 words
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Article160 1989-10-14 10 Reuter THE PHILIPPINE Telegraph and Telephone Corp, one of the country's two main telecommunications companies, is going public, the head of the Securities and Exchange Commission said. Chairwoman Rosario Lopez said in an interview yesterday that the SEC planned to approve within days aReuter - 160 words
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Article76 1989-10-14 10 Reuter THREE MAJOR Japanese smelters are likely to join the copper smelting project in Texas planned by Mitsubishi Metal Corp. A Mitsubishi Metal spokesman said yesterday: "So far we have a positive response from Nippon Mining Co Ltd, Dowa Mining Co Ltd and Furukawa Co Ltd."Reuter - 76 words
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Article129 1989-10-14 10 Reuter SHARE PRICES closed stronger in busy trade yesterday, reflecting overall bullish sentiment which has pervaded the market in weeks. "There is nothing that can change the bull market at the moment," said Harry Liu, executive vice-president of Dao Heng Securities. He said commercial issuesReuter - 129 words
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Article, Illustration562 1989-10-14 10 Tokyo Reuter AFTERNOON TALK that the US may be easing credit policy gave an extra kick to a technical bounce, pushing share prices broadly higher in light trade yesterday. Bargain-hunters stepped in after Thursday's beating, helping the index climb back above the key 35,000 mark. The 225-shareReuter - 562 words
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Article264 1989-10-14 10 Reuter THAI stocks moved higher across the board yesterday. led by construction shares, brokers said. The SET Index gained 5.43 points to close at 705.60 in very active trade. Advances led declines 68 to 37. Most active were Padaeng Industry, Siam Cement and Thai-German Ceramics. "The marketReuter - 264 words
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Article74 1989-10-14 10 Reuter SHARE prices ended lower yesterday on all-round selling triggered by newspaper reports of fresh evidence of pay-offs in a US$l.3-billion arms deal involving Prime Minister Rajiv Gandhi's government. brokers said. "The market is worried about Gandhi's prospects in general elections." a broker said Polls must beReuter - 74 words
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Article, Illustration1276 1989-10-14 10 Hongkong PRICES on the Hong Kong Stock Exchange closed generally lower In light trading yesterday. Interest in the market was generally low ahead of the weekend and after the Governor's state-of-the-territory speech. Most investors were sidelined since a market consolidation was widely expected and1,276 words
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Article, Illustration497 1989-10-14 10 Sydney Reuter AUSTRALIA'S share market yesterday shook off its bearish mood of the past three days to close higher, boosted by a weaker local dollar and a strong performance by the London market. The All Ordinaries index closed 11.7 points higher at 1,742.3. Dealers said much of yesterday'sReuter - 497 words
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Article408 1989-10-14 10 Reuter THE Taiwan stock index fell yesterday to a slightly lower close after a day of nervous trading that sent the index on wide swings, dealers said. The weighted index dropped 21.33 points, or 0.2 per cent, to end at 10.272.33 compared with Thursday's 10.293.66 finish andReuter - 408 words
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Article84 1989-10-14 10 Reuter NEW ZEALAND shares ended firmer yesterday on local buying interest after a series of falls throughout the week. The Barclays Index finished at 2,249.90, up 11.97. Turnover was moderate. with attention focused on Brierley Investments, up four cents to NZ52.23, Carter Holt Harvey four toReuter - 84 words
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Article88 1989-10-14 10 Reuter THE Jakarta share price index continued to slip yesterday, easing 5.22 points to 461.92 from Wednesday in slow trading, brokers said. Thursday was a market holiday. Volume was a small 130,130 shares compared with Wednesday's 171,245 and brokers said investors were sidelined awaiting newReuter - 88 words
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WORLD MARKETS
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Article, Illustration903 1989-10-14 11 New York Reuter WALL STREET stocks ended lower tor the third session in a row on Thursday, weighed by profit-taking, uncertainty about interest rates and revived worries about the future of takeover financing. News on Wednesday that Ramada inc had pulled a junk bond offeringReuter - 903 words
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Article, Illustration865 1989-10-14 11 London Reuter SHARES started easier in listless trade following a weaker close on Wall Street and with market attention focusing on yesterday's UK and US inflation figures. "It's trendless and friendless at the moment. The market doesn't even have the energy to think upReuter - 865 words
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Article1532 1989-10-14 11 BRUSSELS: Belgian stocks slipped further in moderate early trade yesterday as doubts prompted by high interest rates and the strength of the dollar resurfaced and profits made at the beginning of the week were taken. Shares in all sectors opened generally easier. MILAN: Italian shares started weaker1,532 words
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540 1989-10-14 11 DEAL TO BUY MGM/UA COMMUNICATIONS NVT NATIONAL BROADCASTING Co of the US has expressed an interest in becoming an equity investor in an Australian entertainment concern's proposed buyout of MGM/UA Communications Co. The US$l.5 billion deal between Qintex Australia Ltd and MGM/UA fellNVT - 540 words
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Article, Illustration267 1989-10-14 11 Reuter NORTHWEST AIRLINES said on Thursday that it placed orders and options with Boeing Co for 90 jetliners worth US$5.2 billion. The decision was a blow to Europe's Airbus Industrie, which had previously won large orders from Northwest. The St Paul. Minnesota-based carrier, whichReuter - 267 words
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Article, Illustration924 1989-10-14 11 Saatchi and Saatchi a fairy tale turns sour FT SAATCHI and Saatchi has finally found a new chief executive and a new finance director, two of the least attractive vacancies in the global communications industry. By any definition, Robert Lou-is-Dreyfus and Charles Scott who are leaving Dun and Bradstreet toFT - 924 words
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472 1989-10-14 11 NYT COCA-COLA, buoyed by an ocean of soft-drink sales abroad, has reported a 20 per cent surge in third-quarter profits to US$356 million, or US$l.O3 a share. Sales rose 8 per cent to US$2.3 billion. The third-quarter surge was typical of the yearNYT - 472 words
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Page 7 Advertisements
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Advertisement167 1989-10-14 7 Keep your investment decisions on target CHARTPOINT Every Saturday in BT*s weekly Personal Investment pages [j SAUS EXECUTIVE (Shipping Times) Business Times Singapore's only business newspaper, has a vacancy for a talented, motivated and experienced individual to join as Sales Executive. The successful candidate will be part of a dynamic167 words
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Page 8 Advertisements
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Advertisement9 1989-10-14 9 A Sichuan Culinary Heritage 7 at Golden Phoenix l9 words
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Page 10 Advertisements
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Advertisement458 1989-10-14 10 NOTICES IN THE MATTER OF tHE COMPANIES ACT, CAP. 50 AND THE MATTER OF RADIOTRONICS PRIVATE LIMITED <fln Members' Voluntary v Liquidation) A» an Extraordinary General Suiting of the Company duly COlfyened and held at 22 Them son Terrace, Singapore 7051 on the 11 th day of October; 1989, the458 words
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Advertisement509 1989-10-14 10 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF K. ASSOCIATES (PTE) LTD (INCORPORATED IN THE REPUBLIC OF I SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(2) At an Extraordinary Gen- eral Meeting of the mem- bers of the abovenamed 1 Company duly convened and509 words
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Advertisement540 1989-10-14 10 IN THE MATTER OF THE COMPANIES ACT, CAP. SO (Section 291 (1]) AND IN THE MATTER OF ENG KIAN (PTE) LTD Incorporated In the Republic of Singapore) (In Liquidation) JTATUTORY DECLARAriON OF INABILITY OF COMPANY TO CONTINUE BUSINESS AND THAT MEETING OF THE COMPANY AND ITS CREDIrORS HAVE BEEN SUMMONED540 words
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Advertisement379 1989-10-14 10 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF BILL AND GEETA'S LOUNGE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of BUI And Qeeta'a Lounge Pte Ltd duly convened and held at 00 Albert Street #07-10 Albert Complex379 words
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Advertisement331 1989-10-14 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF DYNASTY INTERIORS (SINGAPORE) PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION 290(1) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at No.331 words
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Page 11 Advertisements
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364 1989-10-14 12 Bernama/Reuter GROWTH in Malaysia's nominal gross domestic product (GOP) rose to 8.7 per cent in 1988 from 5.3 per cent in 1987 the highest achieved in the 1980s, the Statistics Department said. The growth was due mainly to contributions fromBernama/Reuter - 364 words
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Article, Illustration425 1989-10-14 12 SOH TIANG KENG - New laws on banking and insurance also in the offing By SOH TIANG KENG Financial Correspondent INDONESIA'S finance minister, Professor J B Sumarlin, yesterday revealed that his government is working on new regulations covering investment or mutual funds to enable the425 words
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173 1989-10-14 12 Reuter MALAYSIA'S state-owned Bank Bumiputra Malaysia Bhd, which suffered massive losses on local loans in its last financial year, has announced a capital restructuring. The bank, in a newspaper advertisement, called a shareholders' meeting for next Tuesday to approve a nine-fold reduction of its paid-upReuter - 173 words
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260 1989-10-14 12 AFP THE SIX Asean nations should support US bases remaining in the Philippines in the short term although Asean should push for their removal as a long-term goal, an Indonesian study said on Thursday. "Asean leaders would prefer to see theAFP - 260 words
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Article, Illustration318 1989-10-14 12 AFP ioUTH KOREAN President Roh Sae-Woo has said that a cutback US forces in his country not be considered now. In an interview with The New *Xork Times published in the International Herald Tribune yesfcrday, Mr RohAFP - 318 words
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410 1989-10-14 12 MBT THE MALAYSIAN government has decided to go ahead with the formation of the Langkawi Development Authority, according to a senior official. The authority, to be jointly chaired by Finance Minister Datuk Paduka Daim Zainuddin and Kedah Chief Minister Datuk Paduka Osman Aroff,MBT - 410 words
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191 1989-10-14 12 Reuter BANK LOAN exposure to property firms has been rising rapidly and Bank of England supervisors have been monitoring the situation quite closely, Bank of England governor Robin Leigh-Pemberton said. Speaking in Paris, in a speech released in London, he said: "We cannotReuter - 191 words
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Article259 1989-10-14 12 AP IN A REVERSAL of an electronics trend, Philips Consumer Electronics Co began shipping American-made television sets to Japan on Thursday. The 1,500 sets Philips will export to Japan this year represent a "turning point when US-made TV sets go back in the oppositeAP - 259 words
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800 1989-10-14 12 PM LEE'S LIBEL SUIT AGAINST FEER AN HONEST and ordinary-mi ruled person, reading the Dec 17, 1987 Far Eastern Economic Review article at the centre of Prime Minister Lee Kuan Yew's libel suit against the magazine, would conclude800 words
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182 1989-10-14 12 AP THE HEAD of Exxon's subsidiary in Thailand said yesterday he had received a two-year suspended jail term and a fine after employees filed a company report to the government two weeks late. Roy W Weiland, managing director of Esso Standard Thailand,AP - 182 words
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LATE FILE
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Article47 1989-10-14 12 AFP ABOUT 10,000 Hongkong residents have applied to resettle in Taiwan, which has approved most of them. Spokesman Shaw Yu-ming said that only about 2,000 people had migrated because most wanted to "make a last dollar" before leaving the colony. AFPAFP - 47 words
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Article31 1989-10-14 12 Reuter PRESIDENT George Bush said in Washington yesterday that while he still strongly supported a reduction in the capital gains tax. he was open to compromise.Reuter - 31 words
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Article68 1989-10-14 12 Reuter AFP BRITISH Prime Minister Margaret Thatcher said at the Conservative Party conference yesterday that high interest rates would bring down inflation, and ruled out sterling depreciation. But the UK Central Statistical Office said yesterday the year-on-year inflation rate rose to 7.6 per cent lastReuter; AFP - 68 words
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Article34 1989-10-14 12 AFP BRITISH AIRWAYS shareholders approved by a large majority yesterday the company's plans to acquire a 15 per cent stake in US company United Airlines for £480 million. AFPAFP - 34 words
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Article77 1989-10-14 12 Reuter COMEX GOLD futures were up sllghtty early yesterday as the US dollar dropped sharply than rallied on increases in the September Producer Price Index (PPI) and retail sales data, floor sources said. "The dollar's jump was a surprise," one trader said. "It should have been the otherReuter - 77 words
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Page 12 Advertisements
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Advertisement105 1989-10-14 12 i-Oi in J-g 4' z > S s O mm C Zmmm Azr\ v -Z" 5 5 55** IT S H TP Us: l BT Special SUPPLEMENT The Property Supplement. For the third year running Business Times surveys the property market. We ask analysts, consultants and government agencies what they105 words
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Executive Lifestyle
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Article, Illustration1048 1989-10-14 13 CHUANG PECK MING - Happy management makes for happy workers, and ultimately, happy watch faces? Existential timepieces may be hard to find, but it's not hard to make your employees happy, as Francis Besson, president of luxury watch-maker Girard-Perregaux, tells CHUANG PECK MING. Here, he reveals how he lost no time in1,048 words
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Article, Illustration794 1989-10-14 13 ANDREA BORCH - Is there such a thing as love at first write? Oh yes, says one happily married correspondent... 1 With ANDREA BORCH HERE COMES that look of confusion again. It creases foreheads When people try to reconcile the two different answers they get wjhen they ask794 words
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Article255 1989-10-14 13 THE BIODATA of the English, Europeans, Americans, Pakistanis. Aussies and other players currently taking part in the current SIA-Ascot World Team Squash Championship in Singapore indicate their interests include golf, tennis, cricket, music, reading, swimming, cycling. And the Hongkong team? Mahjong, playing cards and horse racing.255 words
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Commentary
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Article, Illustration746 1989-10-14 14 ASAD LATIF - ASAD LATIF A NEW RELIGION has arrived. Like moet religions, it is remarkably jealous, claiming absolute monopoly of the truth. Like moet religions, it promises believers an after-life of self-righteous happiness. The difference this time is that the heathen are not even allowed toPUNCH - 746 words
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186 1989-10-14 14 letters to the Editor Doer Sir, The present Section 363 of the Companies Act was a result of the re-numbering and amendments to the previous Section 327 way back in 1973. Essentially, Section 363 says that an approved invest- ment company must keep186 words
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Article250 1989-10-14 14 Saharudin bin Kaasim - Saharudin bin Kaasim for Chtof Executive Officer URA Dear Sir, Please refer to the report, "New guidelines for re-tender of site next to Liat Tower" (BT Oct 6). The report said that the 14 companies which took part in the first tender were given250 words
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263 1989-10-14 14 LAU YM YUEN - LAU YM YUEN Dear Sir, With a view to providing information on warrants or TSRs to readers, BT publishes in its weekend edition a table showing the premiums and gearing of all warrants listed on the SES. As a regular263 words
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413 1989-10-14 14 KEN SUNN - KEN SUNN Dear Sir, Since the introduction of the Lee Kuan Yew Distinguished Visitor programme in 1985, some 25 eminent personalities have graced our shores with their wit and intellectual lectures. The Programme has generated much interest, especially413 words
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199 1989-10-14 14 Tan Bing Chui - Tan Bing Chui for Ag Chief Estate Management Officer I Housing A Development Board Dear Sir, Please refer to the letter "Danger from machine is real" by Mr D W Distant (BT Sep 30). The writer expressed concern about the use of steelblade199 words
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72 1989-10-14 14 D W Distant - D W Distant D«ar Sir, The shares in Acma have been suspended on the SES for quite some time. Since suspension, there has been an announcement of a proposed reverse takeover. So what is the reason for its continued suspension? Any suspension72 words
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139 1989-10-14 14 DONALD HAGGER - DONALD HAGGER Dear Sir, Critics as well as authors have a responsibility to the public which Samuel Ee has failed to discharge in his silly, pretentious and uninformative review of Percival. He was for too busy trying to be clever to actually consider the139 words
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Article, Illustration656 1989-10-14 14 SHOEB KAGDA - SHOEB KAGDA MARRIAGE and children were once very personal matters. A man and his wife were the only ones involved in these crucial decisions that shaped one's life and lifestyle. True, it must be conceded that the family of the656 words
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Executive Lifestyle: Pursuits
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Article, Illustration794 1989-10-14 16 N K YONG - Winet By N K YONG A WELCOME new name on Sime Darby's latest list is Balgownie from Victoria, Australia. A little-known small winery, with an enviably high reputation for its cabernet sauvignon wines, Balgownie was started by a pharmacist, Stuart Anderson, in 1969 in the794 words
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Article, Illustration851 1989-10-14 19 JACKIE SAM - /<i4prvg By JACKIE SAM HONGKONG'S film-makers produce some of the zaniest cop n' robber movies in this part of the world. And its people just lap it up. So picture this: Four men walk into a jewellery shop in sleazy, busy Mongkok in851 words
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Article, Illustration385 1989-10-14 19 JAIME LYE - ENCOUNTERS By JAIME LYE I HAD a tete-a- tete with Queen Nefertiti on Thurs day night. She was highly pleasant, even if she didn't move around much while she spoke, except for the occasional dart of the eyes and the arching of her elbows. She385 words
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Article, Illustration453 1989-10-14 19 SAMUEL EE - FOOD A satiated Robin Hood gets in touch with SAMUEL EE via arrow express: SAMUEL EE METHINKS IT'S not really safe to venture forth from Sherwood Forest these days. Especially when the Sheriff of Nottingham hasn't been able to get good venison recently, what with453 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article491 1989-10-14 17 HOHDAS JUZO - FOOD By HOHDAS JUZO CUISINE from Wiili n »ya>a<ia"> Gourmets will acoM. ■»>«*• laymen's tummies will probebly churn at imagined Auae*e concoctions like BBQ-ed kangaroo baked platypus or koala steak, rare. But two chefs. Stephen Reagan and Chris Taylor, in Singapore for a491 words
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SHORT TAKES
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Article274 1989-10-14 17 THEATRE is a Shared Experience, according to the English theatre company of the same name. In that vein, the company, sponsored by the British Council, intends to bring the intellectual profundity and buffoonery of George Bernard Shaw to the World Trade Centre Auditorium's stage next week.274 words
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Article76 1989-10-14 17 TEE OFF and listen to Frances Yip at the same time. That is, if you play in the Jurong Country Club's Frances Yip Charity Classic to be held from Nov 3 to 5. The Hongkong singer will co-host the tournament. Held under the distinguished patronage of President76 words
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Article83 1989-10-14 17 Singapore's hidden treasure from the past will be revealed this Monday when the winning entries in the Heritage Hunt 1989 go on display. Organised by the Singapore Heritage Society, some literary gems have been uncovered. A good example is famous Singapore pioneer Hoo Ah Kay's three83 words
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Article, Illustration979 1989-10-14 17 RICHARD SEAH - HEALTH By RICHARD SEAH KONG YUN CHEUNG is a scientist steeped in culture and tradition. This is not surprising, considering his research has lent scientific support to age-old Chinese beliefs about the health-giving properties of such things as double-boiled chicken soup and bird's nest979 words
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Article, Illustration1222 1989-10-14 17 JUANITA SHAKILA - Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Organ Recital A Workshop by Karl HochreMher. International pianist and recording artiste, Karl Hochreither will give a recital as well as share some finer points in organ music. He is scheduled to perform on Oct 23 at Victoria Concert Hall at Ipm, and1,222 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration591 1989-10-14 18 QUEK SWEE PENG - ART The seedlings of local company Rosefern Fine Art are germinating, nurtured by the government's endorsement of grooming Singapore into the arts centre of the region. QUEK SWEE PENG wanders into the Rosefern turf to join in its anticipated ardour for the first bloom. QUEK SWEE PENG591 words
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Article, Illustration581 1989-10-14 18 QUEK SWEE PENG - AUCTIONS The tale of the tragedy of the sole heir of a multi-million-dollar fortune, Francois-Xavier Bagnoud, whose death has prompted the forthcoming auction of one of the art world's magnificent jewellery collections. by QUEK SWEE PENG FATE dealt a severe blow to A. du Boisrouvray, the granddaughter581 words
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350 1989-10-14 18 AP THE MUSEUM of Modern Art agreed to sell two Picassos, a Monet, a Renoir and three other paintings from its permanent collection to get Vincent van Gogh's portrait of the postman Joseph Roulin, said The New York Times. The portrait, painted inAP - 350 words
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Article, Illustration161 1989-10-14 18 SAMUEL EE - van Gogh the later years By SAMUEL EE FANCY SEEING the very same sights van Gogh saw when he painted some of his masterpieces? If it's too difficult to go to Holland yourself. the next best thing might be to view the collection of photographs of the places the master161 words
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Article, Illustration337 1989-10-14 18 LAWRENCE TAN - CINEMA By LAWRENCE TAN JIM. WHAT ARE WE doing in the wondrous Yosemite Valley camping under the stars rather than flying rings round them? Have we run out of alien film-sets? Has the Voyager seen something we pioneers haven't? Aren't we going to continue to split infinity337 words
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Article, Illustration1005 1989-10-14 24 ROGER LOH - SWITCHING With ROGER LOH "SAVE THE BEST for the last" must be SBC's in-house motto. For that's what SBC has planned for the year-end blockbusters worth watching with something for everyone in the family. Comedies dominate the November movie fare. So do dramas. especially stories about traditional family1,005 words
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Executive Lifestyle: Personal Investment
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Article731 1989-10-14 20 STOCK MARKETS The world's three largest markets Japan, the United States and the United Kingdom all grew by about 10 per cent in dollar terms for the quarter through Sep 28. NYT WITH FEW EXCEPTIONS and little variation, stock markets around the world posted strongNYT - 731 words
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711 1989-10-14 20 FINANCIAL PLANNING A month ago, BT's regular contributor to financial planning, Mr Philip Teh, gave his views on "Preparing for a lifestyle 20 years ahead" which also provided possible ways of building up a retirement sum of $625,000 in the CPF. A reader, Mrs711 words
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539 1989-10-14 20 THE TECHNICAL indicators accompanying our daily stock market report have become a popular feature among BT readers. We have received letters and telephone calls from as far away as India requesting more information on how best to use them. Today s feature will539 words
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Article506 1989-10-14 20 Conversion terms Premium/ Amount Prices (as at 13.10.89) j—~ (discount) Expiry issued Optional** Company Conv Exer (m units) Wrts Share Ln stk ratjo Lnstk Cash Cash 1 Ln stk J Gearing 4 p nom Date mth value left CKTang 16.9 3200 5.550 1.00 2.25 -2 1.73506 words
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Article563 1989-10-14 20 FUND MANAGERS FT FUND MANAGERS have been excited for some time over the investment potential and prospects of the South-east Asian (Tiger) markets: Hongkong, South Korea, Thailand, the Philippines, Malaysia, Singapore and Taiwan. They are. however, highly volatile and thus avoided by many investors. One wayFT - 563 words
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Article1213 1989-10-14 20 THE RANGE of credit and charge cards in Singapore today is rather bewildering. Consumers face a blitz of advertising by card issuers. The table below shows the costs and main features of the cards currently on offer. It first appeared in the October issue of Singapore1,213 words
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Don't quote me...
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Article219 1989-10-14 21 WHAT IS IN a number? A lot, if you believe that the right number will bring you luck, and the wrong one evil tidings. In the Suntec project out in Marina Centre, for example, the Hongkong engineer in charge of the project has specified that219 words
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Article128 1989-10-14 21 The saga of Saatchi Saatchi THE TOP management changes at troubled communications group Saatchi Saatchi, announced yesterday, have brought a flood of comment in the British press. The Financial Times described the company's dilemma as "a shattered dream", and "a Thatcherite fairy-tale". Maurice Saatchi, one of two brothers who is128 words
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83 1989-10-14 21 DBS BANK is to be blamed for the sharp drop in turnover on the local exchange in the past two days, or at least that's what brokers seem to say. Asked to account for the low volume, they said many fund managers and institutional investors83 words
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Article, Illustration1171 1989-10-14 21 ANDREA BORCH - ASEAN MARKETS By ANDREA BORCH ASEAN STOCK MARKETS have nowhere to go but up and no way to grow but stronger. The forces providing the boost: annual economic growth rates ranging from 6 per cent to as high as 11 per cent, governments turning1,171 words
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Article, Illustration598 1989-10-14 21 C DOW - J 1 ry| vvj [J By C DOW Mr Dow is an investment manager with a major publiclylisted company. This article has been based solely on technical grounds and is a personal view of the writer and not to be construed as investment advice. IN598 words
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Article, Illustration703 1989-10-14 21 ANDREA BORCH - AN INTERVIEW WITH TEMPLETON FUND MANAGER By ANDREA BORCH ECONOMIC POLICIES adopted by the Singapore government have created value for the Asean region, says Mark Mobius ot the Templeton International fund management group. Mr Mobius, whose specific business is seeking out703 words
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Article, Illustration157 1989-10-14 21 (?|||TO Cresvale Research, Hongkong AFTER three weeks of decline in lacklustre trading, the STII hss regained its strength. The Stochastic indicator surged back into the upper region of its chart as bargain hunters emerged near the 1,370 level. However, relative strength doesCresvale Research, Hongkong; Cresvale Research, Hongkong - 157 words
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Executive Lifestyle: Sports
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Article, Illustration561 1989-10-14 22 A SURENDREN - SQUASH By A SURENDREN IT IS A different league altogether for Singapore from now on. No more hob-nobbing with the elites of squash like Australia, Pakistan, England and New Zealand till at least after four years have passed. -Singapore lost 0-3 to Finland in the Singapore561 words
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Article, Illustration312 1989-10-14 22 GOLF AP CHIP BECK, playing the kind of golf he enjoys the most, easily defeated Aki Ohmachi of Japan 8 and 6 on Thursday to advance to the second round of the World Matchplay championships. Beck, one of the most consistent golfers on theAP - 312 words
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498 1989-10-14 22 DEXTER LEE - CHESS By DEXTER LEE WHAT A NAIL-BITING finish it was. Neck and neck with Telerec (Telecom Recreation Club) in the penultimate round, Singapore Airlines A' had to slug it out until the final seconds of the last round before winning the Business Houses498 words
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201 1989-10-14 22 MOTOR-RALLY AP ITALY'S Massimo Biasion on Thursday clinched the world drivers' title for the second consecutive year as he led a hardfought 1-2 triumph of the Lancia team in the Italian rally. Biasion, who trailed Toyota's Spanish driver Carlos Sainz by 1:41 minutes following theAP - 201 words
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Article, Illustration598 1989-10-14 22 JEROME FANDOR - Oh With JEROME FANDOR THE DECK is stacked for the $250,000 Queen Elizabeth II Commonwealth Cup tomorrow. Trainer Ivan Allan saddles five of the 16 thoroughbreds handicapped tor the first running of this 1600 M classic. The punters call his runners "four aces and a598 words
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Article, Illustration479 1989-10-14 22 TENNIS AP AFP SECOND-SEEOED Jimmy Connors of the US had a narrow escape when he had to go to a third-set tie break on Thursday to gain the quarter-finals of the U*****,000 Toulouse Grand Prix tournament while John McEnroe won in straight sets. Connors cameAP; AFP - 479 words
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Article257 1989-10-14 22 AP LARS WAHLGREN. who was considering quitting tennis because he was not making any money, stunned defending champion Slobodan Zivojinovic of Yugoslavia 6-3, 7-6 (7-2) yesterday. That propelled him into the semi-finals of the U*****,500 Australian Indoor tennis championships in Sydney. Wahlgren, a 23-year-old Swede, ranked 222AP - 257 words
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241 1989-10-14 22 BASEBALL AFP THIS YEAR'S World Series, which begins in Oakland today. will feature the "Pacific Sock Exchange" against the "Bash Brothers as the San Francisco Giants take on the Oakland Athletics in a best-of-seven games battle for baseball supremacy. The Giants, winners overAFP - 241 words
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Article, Illustration298 1989-10-14 22 CYCLING AP THE TOUR OF LOMBARDY classic today wraps up a memorable cycling season courtesy of American Greg LeMond, who pulled off the greatest comeback in the history of the sport. LeMond, whose career seemed as good as over after he was riddled with shotgun pellets inAP - 298 words
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Executive Jobs
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Article, Illustration273 1989-10-14 23 THE Chase Manhattan Bank NA has appointed MICHAEL BARRETT as the South-east Asia regional manager of individual banking group. He has 16 years' experience in branch banking, consumer product management and strategic planning. Yeo Hiap Seng Limited has appointed YEOW CHEE TIONG as its business development manager. Mr273 words
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Article, Illustration1046 1989-10-14 23 DAVID MARCHINGTON - Ugly employers come in all shapes and sizes. They can be large, bureaucratic machines, tightly controlled family businesses, up-and-coming SMEs, or a one-man show, reports DAVID MARCHINGTON. Do you work for one? DAVID MARCHINGTON "J! Mr Marchington is the martaging director of Korn/Ferrya PUNCH cartoon - 1,046 words
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Article, Illustration640 1989-10-14 23 TYE KIM KHIAT - The expatriate in the US comes home to her own self J/L By TYE KIM KHIAT By TYE KIM KHIAT BACK IN Singapore. Ruyee How somehow doesn't look the part that of the highly assertive and vocal expatriate in America where she had worked for eight years, first as a640 words
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Page 13 Advertisements
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Advertisement57 1989-10-14 13 NEED A HOUSING LOAN? JM*! __JSHL Call USA from any phone, any day, anytime at —222 5544 or 222 8844^ HONG LEON6 SINGAPORE FINANCE LIMITED FINANCE LIMITED? •/!***£my. J THE H LRU ERR Y H TCH COLI.KCTKM e v i x sV Vv ■I &fc m. < X T >>•57 words
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Page 14 Advertisements
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Advertisement126 1989-10-14 14 Vl| welcomes letters from Its readers, Letters must Include the author's name, address and home and office telephone numbers. BT reserves the right to edit letters for purposes of clarity and space. Please address letters to: The Editor, Business Times, Times House, 390 Kim Seng Road, Singapore 0923 or send126 words
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Advertisement110 1989-10-14 14 FOR THE MEWS OF FINANCIAL EXPERTS exchange rates affect your business. BANKING FINANCE brings to you the views of experts in Singapore as well the other financial centres, from Hongkong and Tokyo to London and New York, on a sector which is getting more unpredictable and volatile. Find out how110 words
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Advertisement181 1989-10-14 15 i wm Ih 'it 4 %3L JttiSm i \m 1 i^H f w MB; 1 jfl Bm J| Itt iifV?. t /*^H CATERPILLARS USUALLY BECOME BUTTERFLIES. THIS ONE BECAME A QUILT. Tragic, really. turn out to be a Diethelm bed-cover, at least you've a range of those, too, along with181 words
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Page 16 Advertisements
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Advertisement338 1989-10-14 16 I Where to entertain... Where to entertain.., IVhere to entertain... Where to Some of our best advertising is by wondof-mouth. I 2 I For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. I Reservations, *****10 or *****85 ext *****/6. PALM V338 words
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Advertisement202 1989-10-14 16 <zSs£ Jlunofi zciat Western style set lunch and dinner of carefully chosen recipes that surely tempt your tastebuds. Weekly from Mon. to Sat. at Coffee Pot Cafe Boulevard. Set Lunch: $14.00++ per person. Set Dinner: $22.00+ per person. \jk) Gate siT B@yfe¥apd A miMG GOUHT HOTtt 1, Tanglin Road, Singapore202 words
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Advertisement153 1989-10-14 16 ouiroe&s steak walood (Mt«nnl roo M7E FOP BREAKFAST? TOO EARLY FOR LUNCH? CALIFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOD EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE153 words
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Advertisement210 1989-10-14 16 TRY KARAOKE AT. I 1 s a I Top 40s Broadway. I Sentimental, Country Western I Japanese and Mandarin I selections available too. I Sunday Thursday: spm lam 1 Kridav. Saturday spm 2am I PH Kve I Plaza Hotel I SINGAPORE •Varh Road S»n«aporv 0719 TM 29R0011 I 24 5)210 words
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Advertisement209 1989-10-14 16 ENTER AND FEAST AT OUR GERMAN BANQUET TABLE Savour the works of our masterchefs as they lay the tables for a lavish feast fit for kings. With over 60 German favourites, our German buffet lunch at The Belvedere is almost as good as a culinary tour of the country. German209 words
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Page 17 Advertisements
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Advertisement245 1989-10-14 17 futertafti.... J I Taiwan's I I Mastek Chefs II I Cook UP 1 I A Feast I I In The Park. I For eleven nights only, the master chefs of the Lai 11 I Lai Sheraton Hotel, Taipei, led by award-winner II Chan Tze-wu will be cooking up a feast245 words
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Advertisement6 1989-10-14 17 No grouses from Sherwood Page Seven6 words
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Page 17 Miscellaneous
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Miscellaneous714 1989-10-14 17 CRYPTIC PUZZLE 6 One falls when struck by (9) rßO ce it (6. 4) 39 Mechanics (9) 7 The foam on the waves? rv-tuuki 9 The stupid boss has a (7) DOWN hangover! (5, 4) 8 From below, rise and 1 Without mercy (8) 10 A little depressed on grasp714 words
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Page 19 Advertisements
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Advertisement43 1989-10-14 19 x jar 'ff OMU* J/IYKJSIf Jfcj 10X11 IKCItkC X M GQRDOtfS I HI km k RASP'S 1 DISTILLED IN LONDON. Jp J"* I I ALEXANDER GORDON COMPANY 1 H| 4aTi tm H _jB, j j Kfew Wm" IKa Jfe BK HK j > ■-y43 words
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Page 22 Advertisements
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Advertisement98 1989-10-14 22 I Sgiß» T- Back to the days of the brave adventurous spirit River cruises and forest train rides. Crystal caves and underground lakes. Spectacular stone bridges spanning the ocean Scale the famous Gloucester Tree. Spend a night at the Observation City Resort. Walk into a celebrity clock. Come on a98 words
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Page 23 Advertisements
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Advertisement621 1989-10-14 23 DHL IN THE NEWS Advertisement HUI amama lUa \iif\AA tries and operates an air fleet that is one of UllL wl/CUIw lII© ffUIIU the largest in the world. Around the world DHL has over 18,200 trained professionals DHL was started in the United States dedicated to meeting customers' demands, in621 words
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Advertisement371 1989-10-14 23 EXECUTIVE APPOINTMENT j rj Singapore Telecom has formed a wholly-owned subsidiary company to: deal in telecommunication terminal equipment and business telecommunication systems; and provide installation, reinstallation and maintenance services to if, jfe .V- 4 customer-owned equipment/systems. We are looking tor a professional and experienced General Manager to |H y aggressively371 words
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Page 23 Miscellaneous
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Miscellaneous36 1989-10-14 23 I UROTe OBVIOUSLY Tire I 1 LOTCR To UHO S€NT tHE, and I r c I I'm LJPiTcvJiNiG THe CMPiFs LKfSSH. Jff t±s <ssu W OUT OF the. loikjdouj p?r "Ms buicdinjg... iDePv »t s me...36 words
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Page 24 Miscellaneous
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Miscellaneous642 1989-10-14 24 Dalam Ungkaran Cinta. Today 3.10pm, SBC 5 The place might be exotic Bali but the story is still the same. It's about a young doctor and his romantic escapades. From a beautiful artist of mixed parentage. to a sweet and innocent Indonesian girl, the philanderer gets them all into trouble642 words
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Miscellaneous2462 1989-10-14 24 A I IpS pv A W Avengeress I I J pt I J X 1 5.30 Deepam )Dl IL Dove 0n lhe 6.45 Wildcat (C. Ep 52) l 00 E!L?S n 9 AM Feature Special II Programme Highlight Hard to Hold Classic Ghost Stories by Beyond 2000. Wu Yue Last2,462 words
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Miscellaneous236 1989-10-14 24 "I Alzheimer's Disease, Today. 7.25pm. SBC 12 Two researchers on Alzheimer's Disease appear in tonight's Life Matters. Drs Robert Katzman and Robert Terry share their findings on the illness Also, a look at a victim and how the disease is slowly robbing him of his memory. Metamorphosis, Today. 9.05pm, SBC236 words
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