The Business Times, 4 November 1989

Microfilm: NL16864
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, November 4-5 1989 75 CENTS
    12 words
  • Article
    Workers will enable S'pore to remain tops, says Beri
    361 1  -  By ANNA TEO THANKS to a superior workforce, Singapore will continue to be a top-notch business centre into the next century, says the risk analysis firm that has consistently rated Singaporeans the world's best workers. Ms Ann Pickard, executive vice-president of
    361 words
  • Article
    Lock icon KL urged to lift M$100 levy on lorries
    165 1 Bernama SINGAPORE'S business community yesterday called on the Malaysian government to lift the Msloo levy on lorries entering the Republic to boost trade further between the two countries. Singapore's chairman of the Johor/Singapore Joint Committee on Business Cooperation Robert Chua said the
    Bernama  -  165 words
  • Article
    SingLand posts big jump in earnings
    575 1  -  By ELAINE KOH SINGAPORE LAND has shown a dramatic surge in after-tax earnings to $16.21 million, from last year's $1.50 million, partly as a result of lower interest charges and higher investment income. The growth in profit was achieved on a marginal rise in
    575 words
  • Article
    General insurance: agents must register
    380 1  -  NEW AGENTS NEED TO TAKE EXAM FROM NEXT APRIL By DEXTER LEE THE GENERAL INSURANCE Association of Singapore (GIA) will be introducing a compulsory registration and training scheme for general ineurance agents in April next year. By then, only agents registered under the scheme may
    380 words
  • Article
    Lock icon 'Yen to play bigger role'
    240 1 Bernama JAPAN IS MAKING every effort to ensure that the use of the yen in international trade is substantially increased, Toyoo Gyohten, special adviser to Jspsn's Finance Minister, said yesterdey. Mr Gyohten, s former vicefinance minister, said Japan was taking steps to increase the ueability
    Bernama  -  240 words
  • Article
    Lock icon DOW JONES
    46 1 Reuter A 233,000 gain in US jobs in October, well above the top end of forecasts, weighed down stocks on Well Street early yesterday. The Dow Jones index of 30 lesding industrisl shsres dropped 0.42 points to 2,622.13 in the first five minutes. Reuter
    Reuter  -  46 words
  • Article
    Lock icon FOOTSIE
    42 1 AP THE technical rally which has pushed London sharas sharply higher this week continued yeeterday morning, with msrkst mskers once sgsin msrking prices higher. At about 12:15 pm (1215 GMT), the FT-SE 100-share index was up 20.4 points st 2,174.5. AP
    AP  -  42 words
  • Article, Illustration
    Trading quiet in regional markets
    250 1 REGIONAL STOCK MARKETS ended on a quiet note yesterday with the Japaneee bourse cloeed for a holiday. In Singapore, share prices fell from the outset on the back of the overnight fall on Wall Street in dull trading. News that Malaysian companies on the local
    250 words
  • Article
    FINANCIAL NEWS SUMMARY
    147 1 ftMay ST Mwlriab Max *****9 (-5J9) IT CoMtpedte Max *****9 (-8.14) NSTMoMrtdhdu *****9 (-1541 HK Hang Sang Max 2739.79 27.93) H y Ui M IVI 1657.5 5.4 UrTrL* (Dow Jorh) *****6 (-14J4) London (FTMMn) 1731.3 (-64) US$i *****ym *****0M S$ 1.9585 it US$1.5730 Ml. S$***** Euro-S (Dac)
    147 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      303 1 Nikon finaat W%ti nln i»anhlr Qutiuil In# wkj i rinip rnofoyipnic oywwni. ExccuXwc They call me Glldo Page One Golden opportunity for M'sian brokers Page Two Tram It's all Greece to me Page Three Wash down your chilli crab with Page Four ■■mm Too many chemicals spoil the soup Page
      303 words
    • Advertisement
      Page 1 Advertisements Column 2
      40 1 The SES/KLSE Spilt Dalm sees Ms4sm n#o ivi DfOKOi iOOv, PAGE 7 Slme Darby, Consplant to retain London listings, PAGE 7 Golden opportunity and test for M'sian brokers, EL PAGE TWO The Split 10 moat nfcad questions, EL PAGE ELEVEN
      40 words
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      Page 1 Advertisements Column 3
      146 1 Nikon B Two Ineurance bodtoe to merge, PAGE 5 Full report, PAGE Regional market*, PAGE 10 World marfcata, PAQE 11 IT IS A MOMENT YOU PLANNED FOR. REACHED FOR. STRUGGLED FOR. A LDNGAWAITED MOMENT OF SUCCESS OMEGA. FOR THIS AND ALL YOUR SIGNIFICANT MOMENTS II f i 1 k Hi
      146 words
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  • HOME NEWS
    • Article
      Views range from scrapping PARF to use of pedal power
      531 2  -  SELECT COMMITTEE ON LAND TRANSPORT By MARTIN SOONG IMAGINE ALL the people of Singapore riding around on bicycles. "Too sweaty, too stinky." said Whampoa MP Or Augustine Tan. But for Danish national Ole Dyrhauge, one of nine individuals who faced
      531 words
    • Article
      US fire protection equipment maker sets up factory
      156 2 WITH AN EYE on the region's US$l5O million fire protection equipment market, Fike South East Asia has set up a factory in Singapore. The American manufacturer's new plant and office building, costing $3 million, was officially opened yesterday by Gary CGatz, president
      156 words
    • Article
      Institute plans engineering degree course
      252 2 THE FRENCH-SINGAPORE Institute (FSI) is to introduce a two-and-a-half-year course to allow technical diploma holders to obtain French engineering degrees. This scheme will enable the best students who have already obtained a technician diploma in Singapore to pursue an engineering degree in electronics in France,
      252 words
    • Article
      RSAF marks 20 years with the whirlybird
      131 2 THE REPUBLIC of Singapore Air Force (RSAF) marked 20 years of helicopter operations yesterday with an anniversary parade as well as a flypast at Sembawang Air Base. Moreover, a commemorative book tracing the "20 Years of Helicopter Operations in the SAF" was launched
      131 words
    • Article, Illustration
      Local scientists challenge food giants with new brew
      490 2  -  By RICHARD SEAH A STORM is about to brew in soup bowls as two Singapore scientists challenge food industry giants with a revolutionary way of making instant soup without chemical additives. Food scientist Tan Kee Peng and bio-technologist Dr Wong Tze Sen
      490 words
    • Article
      Frank Small's medical venture
      183 2 MARKET AND RESEARCH consultants Frank Small Associates has teamed up with UK-based market research consultants Taylor Nelson to set up a medical research division. The move is aimed at tapping a growing specialist sector. Taylor Nelson and Frank Small Associates Medical Division expects to capture over
      183 words
    • Article
      Seminar for those who wish to take part in 25th National Day
      153 2 ONE PEOPLE V ONE NATION OWf SINGAPORE CORPORATIONS wishing to join in Singapore's 25th Anniversary Celebrations will get a chance to find out how they can participate at a seminar next week The 25th Anniversary Celebrations Publicity Committee
      153 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      86 2 DON'T LIMIT YOURSELF TO ONLY ONE POINT OF VIEW. y *v»--To get ahead in business. Only one magazine gives 1 you mxd information that you the coverage you need H tafl surprises in the economic writers, you '11 find more 42 investment scene. excitement under our covers. /X) you see
      86 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      213 2 "SL, and wtath«Hor»c«it OUTLOOK: SlMwora City Ma*/ Nota ow mmm, mm* ta rO wly mwi*is. B §oofl for 24 khifi Abrdoon 09/05 Showon ITSop-i on Nov 3at Amatordam 13/09 dowdy «w otrpor* Alhom 25/13 Sunny Mai tamp SM Auddond 20/12 Shnwi A—oc NwUdWy tl tongkok 34/25 Pole Mh9 11/11 Sunny
      213 words
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  • FOREIGN NEWS
    • Article
      Lock icon Congress adopts US$305b defence bill
      370 3 AP JS CONGRESSIONAL negotiaors on Thursday approved a JS$3O6-billion defence bill that .lashes US$l.l billion from Preadent George Bush's Strategic )efence Initiative and eliminates me B-2 stealth bomber. The plan, the product of neary eight weeks of wrangling beween conferees in the House of topresentativea
      AP  -  370 words
    • Article
      Lock icon US productivity gain dips, wages go up
      343 3 AP "HE UNITED STATES' manufacuring productivity improved at in anaemic 1.4 per cent annual ate in the third quarter, with xjtput gains at a three-year low ind unit labour costs rising at he fastest rate since the 1962 ecession, Washington reported. The US
      AP  -  343 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      994 3 ARRIVALS Operator S*rvlc* Local From number Hme KAL KE624 0840 KUL S1A SQ417 0855 DXB/KHt AAAS AAM651 0900 PB* IAW lAOII 0905 LHR AAAS AAH630 0920 KUL SU SQ023 0935 AMS/BOM ACA ACUt 0950 YYZ/LHi/iOM SIA SQ103 0950 KUL CPA CX710 1000 CGK MAS AAH605 1020 KUL
      994 words
    • Article, Illustration
      Lock icon Baker discusses trade issues with Australian minister
      342 3 AP US SECRETARY of State James A Baker and Australian Foreign Minister Qareth Evans yesterday opened two days of talks by saying their countrlea share commitment to free trade, despite differences over US agricultural subsidies. Mr Evana aaid trade haa "always been an
      AP  -  342 words
    • Article
      Lock icon Soviet premier tables bill to raise pensions
      371 3 AP SOVIET PREMIER Nikolai I Ryzhkov introduced a bill on Thursday that would increase pension benefits by about 40 per cent and, in particular, upgrade special benefits for coal miners. Taaa said. But the head of the Soviet government warned legislators that they
      AP  -  371 words
    • Article
      Lock icon Average US citizen earns twice more than Soviet citizen: CIA
      267 3 AP ACCORDING to the CIA. the average Soviet citizen earned the equivalent of US$B,B5O last year, leas than half the earnings of the average American U5519,970. The CIA aaid its figures reflected purchaaing power. The US figure was higher than
      AP  -  267 words
    • Article
      Lock icon Private sector urged to help cut US trade deficit
      401 3 REPORT BY JAPANESE AND AMERICAN BUSINESSMEN Reuter SENIOR Japaneee and American business executives on Thursday called on private Industry of both nationa to take the lead In trying to reduce the US-Japan eee trade deficit and to heed off protection- st
      Reuter  -  401 words
    • Article
      Lock icon Pacific Telecom Cable gets final go-ahead
      289 3 AP PACIFIC Tolecom Cable Inc received final federal approval to install the weatern end of the first digital fibre-optic cable that will atretch directly from the United Statea to Japan. Pacific Telecom Cable, a ma-jority-owned subsidiary of Pacific Telecom Inc. aald on Wedneeday It
      AP  -  289 words
    • Article
      Aquino on trade mission to America, Canada
      468 3  -  By AL O LABITA Jr PRESIDENT Corazon Aquino, bucking threats of right-wing coup st homs, leaves today for an eight-day trade and investmsnt promotion blitz through Canada and th* US. making her the Philippinea' moat travelled head of state Mrs Aquino's schodul* includes
      468 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      16 3 LONDON CtMjmm Ago* m Air Ciamk «r nJtOS. A BREATH OF FRESH AIR 1 Air Canada
      16 words
    • Advertisement
      Page 3 Advertisements Column 2
      105 3 Our joint-venture company in Russia has established a Products Exhibition Centre witn the Soviet Union business trading authority. We import various items: Computers, electrical goods, telephone materials, medical products, office equipment, kitchen facilities, watches, pens, sportswear, garment of all kinds,cosmetics,furniture, costume jewellery, whole plant machinery equipment for food processing, wood
      105 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      66 3 Doonesbury by garry trudeau HUT A MINUTE. I THINK EVENING, I MUST w*JR ANGELA JAMS* YOWRS NO YEAH. YOU'LL END YOURERJGHT. ANPREM). BE. I FROM THE CENTER* TRAUMA COUN- YOU THINK UP IN MA/BE I'LL HANGING JUST SUR- SHE* ACTUALLY 56LJNG AS HELL ITSTOO THERAPY JUST TAKE IN THERE WW
      66 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon UK proposals to counter monetary union scheme
      694 4 CHILLY RESPONSE FROM DIPLOMATS IN BRUSSELS AFP BRITAIN, seeking to counter a scheme to bring the 12 European Community states into economic and monetary union, on Thursday unveiled proposals to allow EC currencies to compete against each other under market forces. But the
      AFP  -  694 words
    • Article
      Lock icon Bank Negara defends its currency trading
      183 4 Reuter MALAYSIA'S central bank, Bank Negara, has an unjustified reputation in currency markets for being speculative, deputy governor Lin See Yan said. The bank only works to protect its currency reserves from dangerous exchange rate fluctuations, Mr Lin told an annual gathering of Asia-Pacific
      Reuter  -  183 words
    • Article
      Forex markets
      890 4 SINGAPORE: The US dollar ended easier after a listless day yesterday because players were hesitant to take positions and waiting for the European market to open, dealers said. Trading was thin because of the public holiday in Japan and most dealers were also attending a foreign exchange conference
      890 words
    • Article
      Lock icon IMM
      257 4 Reuter IMM currency futures closed mostly higher on Thursday, but sterling failed to recoup losses despite repeated denials that a top UK government minister resigned. The pound tumbled on talk that Transport Minister Cecil Parkinson quit after a newspaper said he was involved in insider trading. Mr Parkinson denied
      Reuter  -  257 words
    • Article
      Comex gold/silver futures
      166 4 Gold futures on November 2, 1989 100 tray ouncM, USt par troy ounce Of* Mfk Lorn +L Nov ***** Ml.00 374.80 3S0 40 6.20 OK 377.00 3*4.40 376.60 ***** +6.00 Jon 382.40 382-50 382.50 385.10 +6.10 F*b 91 381.50 389.50 381.10 387.40 +6.20 Apr 385.70 393.00 385.30
      166 words
    • Article
      Asian dollar market
      222 4 ASIAN DOLLAR depoait rates yeaterday ended slightly lower than Thursday's cloee due to a weaker US Federal funds rate and a marginal riae In US bond prices. Trading waa quiet aa operatora were aidellned ahead ot the 1330 GMT release of US October jobe data. Weekend rate
      222 words
    • Article
      Lock icon Simex
      496 4 Reuter EURODOLLAR futures yesterday closed mixed in moderately active trading on commercial buying and weekend book-squaring, dealers said. "Most traders were hesitant to open positions as they awaited further market indication from (Friday's) 1330 GMT release of US October employment figures," a dealer said. December Eurodollars fell to 91.67
      Reuter  -  496 words
    • Article
      Money markets
      54 4 THE overnight rats on the Singapore money market was 1/8 point lower at 51/4 per cent yeaterday. Term rates were all unchanged. S$ Interbank rat** at the dose yesterday: om mo Ow 3 1/4 S 3 S/1* 5 3/1* 2-w»* S 5/16 3 3/16 3-aw* S 3/16 3
      54 words
    • Article
      Government securities market
      96 4 Treasury bills Period Issue Yesterday's dosing Day 's code Mat\. >rl»y MO OFFER KMGH LOW 3 months RQ*****N 01.02.90 4.40 4.35 6 months &S*****V 18.01.90 4.35 1 ytor BY*****Z 18.10.90 4.35 4.30 Government notes and bonds P«rtod Issue Maturity Coupon Yesterday's dosing code rate WO OFFER 2
      96 words
    • Article, Illustration
      World interest rates
      175 4 Vm prima of 12 major banks In S>ora Interbank market rates (offer/bid) on Nov 3 USS DM SWFC Y«n 7/< j/4 is i/a ts a i/a a 7 j/< a/i* i/i* la* a J/4 4 J/8 IS 3/14 l/l* 1/4 I/a 1-77/1 4 3/4 4 1/4 J
      175 words
    • Article
      Options
      1292 4 CURRENCY FUTURES OPTIONS Prtrinu rnooy Novtn ibar 3, 1989 0EUT8CNEMARK (M MEX) Dm M Mfti Dm t m puli 32 UJU OaO Mgp Low OaO S3 34 JATAI CSC YEN (IWCX) Dm M^i •6 cam Low 060 Dm 1 Mr 00 pmM 71 71 uw 73 73 CURRENCY FUTURES
      1,292 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon Year-end corporate buying may prop up US dollar
      568 5 Reuter DOLLAR PURCHASES by US corporations ahead of the year-end could trigger a greenback rally this month and next, traders said, although they noted that year-end corporate buying is not as strong an influence as in prior years. "In a neutral market,
      Reuter  -  568 words
    • Article
      Chemical Bank to relocate computer professionals to Singapore
      313 5  -  By HONG LEE TIAM CHEMICAL Bank of New York is relocating 12 of its computer professionals from its branches worldwide to Singapore. Mr Shakil A Riaz, the general manager of Chemical Bank said: "This centralisation of our senior systems officers here will
      313 words
    • Article, Illustration
      Two insurance bodies to merge within next two months
      448 5  -  MOVE TO RATIONALISE TRAINING, EDUCATIONAL EFFORTS By SOH TIANG KENG, Financial Correspondent TWO insurance bodies will pool their resources to upgrade insurance training and education in Singspore through a merger scheduled to take place in the next two months. The proposed
      448 words
    • Article
      Lock icon Tough US futures trading bill adopted by senate panel
      195 5 Reuter THE US Senate Agriculture Committee has unanimously adopted, with a few minor changes, a tough bill that seeks greater powers for the Commodity Futures Trading Commission and tighter rules to curb trading abuses on US futures exchanges. The bill, co-sponsored
      Reuter  -  195 words
    • Article, Illustration
      New post for SingRe general manager
      106 5 MR PHUA KIA TING, the director and general manager of Singapore Reinsurance Corporation, has been appointed to the newly-created post of managing director. Mr Phua is also the chairman of two Singapore Re's subsidiaries. Singße Information Technology and APR International Loss Adjusters and Surveyors.
      106 words
    • Article
      Lock icon Banks' strategies vary in push to maximise returns
      624 5 Reuter LEADING international banks are developing varied strategies to maximise returns as they struggle to compensate for costs resulting from higher Third World loan loss reserves and dwindling traditional markets. In some cases, strategies tailored to specific marketplaces touch upon common areas
      Reuter  -  624 words
    • Article
      Lock icon UK banks seen increasing LDC debt provisions
      431 5 Reuter BRITAIN'S major banks are expected to take their cue from the Bank of England and increase reserves against less developed country (LDC) loans to about 70 per cent from the average 50 per cent level set at the half year. The move
      Reuter  -  431 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      94 5 It could be a controversial deal between two stock market stars, a f thought-provoking report by university researchers on the latest trans-European j2_xtj— rr—' FOCUS zooms in on the news and -iL issues of the day and looks at them in more depth and breadth. FOCUS is the news feature
      94 words
    • Advertisement
      Page 5 Advertisements Column 2
      34 5 The W Jf I *1 i' hM£ ii Explore New Zealand as you please HUH 9 Jetsef air new zeaiano rUyir 135 Cecil Street. #04-01 LKN Building, Singapore 0106 TRAVEL TEL: *****01 TA 475
      34 words
  • Page 5 Miscellaneous
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  • COMMODITIES
    • Article
      Lock icon ICO members urged to change their positions
      254 6 Reuter NEGOTIATIONS to re-establish the International Coffee Organisation price supports are a waste of time unless members change their positions, a senior Indonesian trade official said. "If we negotiate based on old positions it is useless. If they (members) all keep to their
      Reuter  -  254 words
    • Article
      Precious Metals
      267 6 HONGKONG: Gold closed easier in quiet, thin two-way trading yesterday as investors adopted a wait-and-see attitude ahead of the 1330 GMT release of US October employment* figures and Japan's market holiday, dealers said. They said light local physical demand and short-covering on local gold boosted international gold prices
      267 words
    • Article
      Rubber
      259 6 SMGAPORE: Rubber prices closed slightly lower yesterday, with December 1 RSS buyer quoted at 183.50 cents a kg, down one cent from Thursday's cioee. Dealers said the market was quiet and featureless during the afternoon session, with prices fluctuating narrowly from the morning's easier levels. Trading was thin. On
      259 words
    • Article
      RAS and MRELB
      360 6 RAS prices in 8 emMg, FOB In baton NOON CLOSE Sdltfl Buytfl Sfldl rs Int 1 RSS Prompt 161.25 162.25N 160.50 161 JON In* 1 RSS Doc 164.25 164.75 163.50 164.00 Int 1 RSS Jon 90 167.25 ***** 166.75 167.25 Int 2 RSS OP 159.25 161.25N 158.75
      360 words
    • Article
      KL Tin
      127 6 THE Kuala Lumpur Tin Market fell for the sixth consecutive daw vtaterdiv closing another two sen down at M$lBJ6 a kg, In cautious trade, brokers said. The price was still at Its 15-month low. A stsady dose on the London Metal Exchange (LME) and miners' reluctance to sell
      127 words
    • Article
      Lock icon Crude Oil and Products
      156 6 Telerate Fuel oil levels were up in light Friday trade. Sentiment was mixed, with traders uncertain of near-term direction. High refinery runs and healthy prompt supplies kept potential buyers at around $95 mt fob Sing. However, increased talk of fewer cargoes bound for Singapore led sellers
      Telerate  -  156 words
    • Article
      Produce Prices
      177 6 Chinese Closing prkM on Produce November 3 Exchange Coconut oil (M$/ioofcg) Sellers' non dosing prices on IM«w drums 133.00 November 3 (S$/100 kg) 2nd hond drums 127.00 Coconut oil 118.00 Bulk FOB 90.00 10(01 ln bolk 115.00 Old drum FOB 104.00 Copra (M$/100kg) New drum FOB 100.00 No
      177 words
    • Article
      Palm Oil
      456 6 MALAYSIAN CRUDE PALM OIL FUTUREB finished slightly steadier in moderate trading on the Kuala Lumpur Commodity Exchange yesterday following some profit-taking activity, dealers said. Spot November rose Ms 3 to M 5745 per tonne while December and January were both unchanged at M 5765 and Ms7B4 per tonne
      456 words
    • Article
      Lock icon Soybean
      158 6 Reuter CBOT SOYBEAN futures closed with strong gains on Thursday after a session filled with Soviet buying rumours. Widespread talk that the Soviets bought or Will buy 100,000 to 250.000 tonnes of US or South American soymeal fuelled early speculative gains. Prices advanced further when computer sell orders were
      Reuter  -  158 words
    • Article
      Lock icon Wheat
      157 6 Reuter CBOT soft red winter wheat futures cloaed higher on Thursday, settling near aeesion highs, with support keyed to rumours that the Soviet Union would aoon buy US wheat or haa switched some Its corn purchases to wheat, floor sources said. Some floor brokers questioned the validity of the
      Reuter  -  157 words
    • Article
      London Markets
      194 6 London Copper Grade A Commodity <** r- (1730/1732) txenange 3-momh. 1707/1 Toe (1717/171 S*tton»n« 1739 (1777) Buyer/Seller dosing prices Sal#v 165 on Nov 2, (£/tonne unless Tin (USS/tOnrM) spedfied). Previous dosing Co* 7140/7180 prices in parenthesis. (7120/71 SO) 3-momh. 7250/7220 Cotfe (7170/7100) Basis in-stor* London, sellers 8—1—1 7270
      194 words
  • Article
    SHIPS IN PORT
    1991 6 AT CONVENTIONAL WHARVES Botox Soyoag ***** M4A fla.ll/2XB Wm.Ua Har*. A.I. I Bra*agil M\/W M2A oloagdde OS11/2300 VMMI »Oy ISO DWTIArrtVd Mpirvirt MoMotobp *****0 MO 09.11/2X0 SwagoBiot MSA ale igilJi ffi.ll/ZnO KapfMl WharVM Bo«a«Soyaag H02« MIC 0111/(MO 06.11/0900 Aadiae* 17 WO K39 otongud. 0t.il/2300 Chor taiK* 09/89
    1,991 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon Daim sees M$45m rise in broker fees
      766 7 BROKERS URGED TO MERGE INTO BIGGER CONCERNS, BEEF UP RESEARCH UNITS Bernama MALAYSIAN Finance Minister Oatuk Paduka Daim Zainuddin has urged Malaysian stockbrokers to take advantage of the split of the Malaysian and Singapore stock exchanges and brace themselves for an estimated Ms4s
      Bernama  -  766 words
    • Article
      Samta Group pays A$14.5m for Aussie hotel owned by Bond
      357 7  -  By FLORENCE CHONG SAMTA GROUP, the owner of Singapore's Furama Hotel, has broadened its interest in Australia with the purchase of a property in Perth from a company controlled by Mr Alan Bond. Samta, controlled by Mr Ng Kim Suan
      357 words
    • Article
      Lock icon FMPT eyeing other prime properties in Malaysia
      416 7 Bernama FIRST MALAYSIA Property Trust is holding discussions with several parties to acquire more properties in Malaysia. "However, none has yet been concluded," FMPT chief executive and general manager Roger Qumbley said after the balloting for the bumiputra portion of 6.150 million units
      Bernama  -  416 words
    • Article
      Warrants: premiums and gearing
      612 7 Conversion terms Premium/ Amount Prices (as at 3.11.89) (discount) Expiry Comoanv issued Optional" (m units) Wrts Share Ln stk Exer Ln stk Cash Cash* Ln stk 2 Gearing 4 ratio price nom mth value eft CKTang 16.9 2.900 5.400 1 00 2.25 -5 1 06 31
      612 words
    • Article
      Tonhow forks out $100,000 to buy out German venture partner
      223 7 TO END THE LOSSES of a joint-venture project, Tonhow Industries Ltd has paid $100,000 to buy out German venture partner Europart Elec-tronic-Und Kunststoffwerke GmbH. By paying cash to Europart Germany for the 50 per cent stake in Europart Industries Singapore
      223 words
    • Article, Illustration
      Lock icon Sime Darby, Consplant will retain their London listings
      450 7 MBT SIME DARBY and Consolidated Plantations will retain their listings on the International Stock Exchange, London, to reflect their multinational standing, even though these companies will be delisting their shares from the Stock Exchange of Singapore (SES). Tunku Ahmad bin Tunku Yahaya,
      MBT  -  450 words
    • Article, Illustration
      Lock icon US owner of Mt Elizabeth Hospital buys 30pc of Subang Jaya centre
      469 7 MBT US-BASED National Medical Enterprises Inc, which owns the Mount Elizabeth Hospital in Singapore, is paying M 512.4 million for a 30 per cent stake in Subang Jaya Medical Centre (SJMC). Si me Darby Bhd, the vendor, will
      MBT  -  469 words
    • Article
      COMPANY BRIEFS
      534 7 MALAYAN UNITED Industries Bhd yesterday requested that trading in its shares be suspended on both the Kuala Lumpur and Singapore stock exchanges pending an announcement. HUME INDUSTRIES (M) Bhd and Polcon Engineering Lid, an Italian company incorporated in Britain, have signed an agreement to establish a M$30 million
      534 words
    • SES
      • Article, Illustration
        Property stocks bear the brunt of selling
        1105 8  -  KEVIN GWEE SHARE PRICES on the Singapore stock market ended broadly lower in light and featureless trading yesterday. "I fear that today's trading would be the type of market we are going to have till the end of the year." said a dealer.
        1,105 words
      • Article
        Unit trusts
        296 8 Managers' prices for Nov 4 6 Royal Trust Asset Mgt IT S pot* Gr Fund 0805 0865 IT Asa roc Gr Fund 1 085 1145 Singapore Unit Trust OCBC-SIMBl Investment TK# Savings Fund 1 00 Spore Frog Fund 0.45 S'pore Sec Fund 0.74 Spore Invert Fund 076 S'pore
        296 words
      • Article
        COMPANY MEETINGS
        42 8 SEA VIEW HOTEL LIMITED: AGM at the hotel's premises at Amber Close, Katong, Singapore 1543, today at 11am SIME DARBY BERHAD: 11th AGM at the Pall-room. Parkroyal Kuala Lumpur Jalan Sultan Ismail, ***** Kuala Lumpur, Malaysia, today at 11.30 am.
        42 words
      • Article
        SES SHARE INFORMATION
        6150 8 ma T Gr's Gr's Hiah Low r i*? Vo< Da LMt Qu <** D»v Dlv Yld Net M Cap 0 L0W Code Company Sale or- ('000) High Low Buyer Seller C'vr P/E $mll NOV 03 SESDAQ 123 'Sk 2U2 *"?**!?2* 285 ca 7 138 286 280 284
        6,150 words
    • KLSE
      • Article, Illustration
        Lock icon M'sian prices fall broadly
        3556 9 MBT SELLERS mads a comaback to the Kuala Lumpur stock market yesterday and share prices were marked lower across ths board. Losses were, however, relstively restricted. The market started on an encouraging note but did not make much headway due to lack of followthrough support. The
        MBT  -  3,556 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Fujitsu's bid tactics prompt Miti probe
        635 10 NYT FUJITSU LTD. the world's second-largeat computer maker, haa plunged Into deeper trouble as a result of diedoeuree that it had won at least four substantial government computer contracts with bids ranging from three quartera of a cent to US$7l. The disclosures have prompted
        NYT  -  635 words
      • Article
        Lock icon Korea Heavy Industries to be auctioned on Nov 17
        197 10 Reuter SOUTH KOREA'S fliant state-run Arm. Korea Heavy Industries and Construction Co, is to be auctioned off on November 17, officials of the Korea Development Bank (KDB) said. They said all of Korea Heavy's 42.1 million shares with a face value
        Reuter  -  197 words
      • Article
        Lock icon Rules for Philippines mutual funds completed
        171 10 AFP RULES FOR the setting up of mutual fund operations in the Philippines have been completed by the official Securities and Exchange Commission (SEC), an SEC spokesman said. Under the rules which were finalised on Thursday, all mutual fund agencies must have an all-Filipino
        AFP  -  171 words
      • Article
        Lock icon Budget Rent-A-Car goes into provisional liquidation
        279 10 AFP AUSTRALIA'S LEADING car rental firm has been placed in the hands of liquidators. The company blamed a three-month pilots' dispute for pushing it over the brink. Bob Ansett, managing director of Budget Corp Ltd, declined to reveal why Budget Rent-A-Car, which holds 35
        AFP  -  279 words
      • Article
        Lock icon Japanese purchases of foreign securities dip
        137 10 AFP JAPANESE purchases of foreign securities fell from U5510.32 billion in August to U559.47 billion in September. marked by a steep decline in foreign bond purchases, the Finance Ministry said Thursday. Net purchases of foreign bonds plunged from US$lO.O5 billion to US$7.7B billion, while
        AFP  -  137 words
      • Article, Illustration
        Lock icon Gold edges up stocks
        673 10 Australia Reuter AUSTRALIA'S share market finished slightly firmer yesterday with trade quiet but dominated by strong demand for gold stocks. The All Ordinaries Index finished 5.4 up st 1.667.5. taking gains since last Friday's finish to 36 points. A sharp rise in gold prices offshore on
        Reuter  -  673 words
      • Article
        Lock icon Manila: Index slips 11 points
        199 10 Reuter PHILIPPINES shares slid in jittery trade yesterday as marchers from the northern Philippines, demanding the return of the late Ferdinand Marcos, swelled to 25,000 upon reaching Manila a day before President Aquino was to leave the country. The Manila Stock Exchange composite index eased
        Reuter  -  199 words
      • Article
        Lock icon Seoul: Stocks edge up
        194 10 Reuter SEOUL stocks edged up yesterday from three days of declines with trading a little more active but still kept thin by lack of fresh buying incentives. The composite index ended the morning session up 1.55 points at 886.89. with 2.2 million shares changing hands against
        Reuter  -  194 words
      • Article
        Lock icon Jakarta: Slow trading
        98 10 Reuter THE INDEX edged up 0.6 point to 447.3 in slow trading on the Jakarta Stock Market yesterday, while turnover fell to 244.368 shares from 455,182 on Thursday, brokers said. "Local investors are getting panicky (over a lack of movement recently in prices) and many are now
        Reuter  -  98 words
      • Article, Illustration
        Lock icon Stocks rise in thin trade
        1249 10 Hongkong Reuter SHARE prices on the Hongkong market rote higher in quiet trade yesterday ahead of the weekend, brokers said. The Hang Seng Index put on 27.93 points to 2.739.79. Turnover totalled HK5748.46 million against HK5550.51 million on Thursday. "Although the (Hang Seng) Index roee,
        Reuter  -  1,249 words
      • Article
        Lock icon Taipei: Broadly lower
        395 10 Reuter TAIWAN share prices finished broadly lower after Investors sold their holdings to take profits, brokers said. The weighted Index dropped 79.23 points, or 0.74 per cent to cloee at 10,560.24 against Thursday's 10,639 47 finish. Turnover dropped to NT5143.6 billion from Thursday's NT5154.6 bilHon. Dealers Mid
        Reuter  -  395 words
      • Article
        Lock icon Bangkok: Index down
        246 10 Reuter THAI stocks ended slightly lower after a sluggish session marked by selected buying of stocks in the food and canning sector. The SET Index fell 2.10 points to cloee at 701.52, with losses outnumbering gains 64 to 39. Most actively traded were Padaeng Industry, Siam Cement
        Reuter  -  246 words
      • Article
        Lock icon Bombay: Textile upswing
        101 10 Reuter ON THE BOMBAY ex- change, textile stocks rote sharply yesterday for the second day on hectic short covering, spurring a broad rally. Dealers said the market was following in the footsteps of institutional investors who had bought textile stocks heavily. "The market was oversold ahead of
        Reuter  -  101 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Computer stocks lead losers
        863 11 New York Reuter WHILE COMPUTER stocks were battered on Wall Street, the general market closed weaker on Thursday although it managed to recover a large part of its losses. Traders said the stability shown in the final hour was encouraging. Many investors were on the sidelines
        Reuter  -  863 words
      • Article, Illustration
        Lock icon Equities open narrowly mixed
        814 11 London Reuter SHARES on the London market opened narrowly mixed in very cautious trade yesterday as Wall Street ended 14 points easier and with investors still fearful after Thursday's rash of political scandal rumours. But by 1029 GMT the FTSE 100 was 15.0 points up at
        Reuter  -  814 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1887 11 Reuter AMSTERDAM: Dutch share prices opened lower yesterday extending Thursday s losses in quiet trade. Dealers said Thursday s disappointing results from Akzo and KLM had depressed a market already worried by fears of inflation and high Dutch money market rates. "Turonver is tiny but it s
        Reuter  -  1,887 words
      • Article
        Lock icon LBO firm to raise US$3b to invest without borrowing
        650 11 NEW TACK BY FORSTMANN, LITTLE CO RAISES EYEBROWS NYT IN ANOTHER indication that future corporate takeover* may not heavily rely on debt, one of the largest US leveraged buyout firms is trying to raiae US$3 bitlion from institutions to inveet in
        NYT  -  650 words
      • Article, Illustration
        Lock icon Ford's £1.6b offer for Jaguar a good deal, say analysts
        484 11 Reuter JAGUAR pic's enthusiasm in embracing Ford Motor Co's £1.6 billion bid is a measure of how good the deal is likely to be, share analysts said. "To put it simply, the board had a very good offer indeed," Jaguar
        Reuter  -  484 words
      • Article, Illustration
        Lock icon Apple sees growth in US sales in '90
        469 11 Reuter SALES of Apple Computer Inc machines in the US will grow next year, but their share of the business will diminish as a percentage of the company's total revenues as international sales improve, head of Apple's US division said. "The percentage
        Reuter  -  469 words
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      199 7 sincc 1775 r-~ "-r A well-established Japanese Offshore Bank is expanding its activities And we've now vacancy for an: PU m ASSISTANT MANAGER! (LOANS DEPT) The successful candtdate will ably assist the Loans Manager in marketing, credit analysis in the Asean region. As such, you must have about 5 years'
      199 words
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      523 10 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 FASHION ENTERPRISES PRIVATE LIMITED SPECIAL RESOLUTION At an Extraordinary General Meeting of the members of the aboveeamed company, duly convened and held at 158 Orchdfo Road #02-19 Hilton Hotel, Singapore 0623, on 26 October 1969 the following Special Rseolution was
      523 words
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      Page 10 Advertisements Column 2
      53 10 While other forms put them to sleep, they'll stay awake for the newspaper. WE GET THEIR ATTENTION EVERYDAY. THE STRAITS TIMES Y CLASSIFIED cJSI a great place to advertise 7 7 ll Affordable PRECISE AT $140/- PER PANEL TWO REASONS i WHY YOU SHOULD ADVERTISE IN EVERY FRIDAY. SECTION THREE.
      53 words
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  • Article
    Kajima upgrades local office to regional status
    410 12  -  Capital boosted from $83m to $26im i'* By JOHN TAN IN A MAJOR restructuring exercise, Japanese construction giant Kajima Corp has upgraded its Singapore office to regional status while boosting its capital from $83 million to $261 million. Sources told BT that the
    410 words
  • Article
    Lock icon Some neighbours spying on M'sia, says minister
    263 12 AP SOME neighbouring countries have been spying on Malaysia byuising satellites, a senior Cabinet minister said yesterday, but d&i not name the countries. ~The Minister for Science, Technology and Environment, Stephen Yong, told a news conference in Kuala Lumpur that thfse countries which
    AP  -  263 words
  • Article
    Lock icon ITC settlement good for industry, say Malaysian miners
    317 12 AFP. Bernama MALAYSIAN tin mine owners yesterday welcomed reports that the now-defunct International Tin Council (ITC) had reached an out-of-court settlement with its creditors. They said the news would stabilise the tin market. "There will be more goodwill around." said Mr Kam
    AFP.; Bernama  -  317 words
  • Article
    Lock icon DAP quitting National Economic Consultative Council
    219 12 Bernama THE Democratic Action Party (DAP) said yesterday that it is pulling out of the National Economic Consultative Council (NECC), the second time it has done so after the setting up of the council early this year. The party's secretary-general, Lim Kit Siang, said
    Bernama  -  219 words
  • Article
    Lock icon Price rigging reports unfounded: KLCE
    220 12 Bernama THE Kuala Lumpur Commodity Exchange (KLCE) yesterday dismissed a foreign news agency report that the exchange was investigating alleged price rigging by a group of speculators on the crude palm oil futures market. KLCE chief executive Syed Abdul Jabbar Shahabuddin said in a statement
    Bernama  -  220 words
  • Article
    Lock icon Indian troops set to leave Maldives
    321 12 Reuter THE LAST of the Indian troops sent to crush an attempted coup in the Maldives was scheduled to move out yesterday, leaving the archipelago only slightly better equipped to face any future assaults, diplomats said. About 1,600 Indian paratroopers were sent to the
    Reuter  -  321 words
  • Article, Illustration
    British shipbuilder plans tie-up with Singapore firm
    422 12  -  By RAHITA ELIAS BRITISH shipbuilder Swan Hunter international has started discussions with Singapore Shipbuilding and Engineering (9$E) on a tie-up io tap the growing shipbuilding and marine nrqpkets in South-east Asia. —'"We see the whole of Southeft Asia and the Pacific Rim as
    422 words
  • Article, Illustration
    Lock icon Fiji's deposed leader Bavadra dies
    180 12 Reuter TIMOCI BAVADRA, ousted as prime minister of Fiji in a military coup two years ago, died yesterday without seeing an end to his long battle to restore democracy in his South Pacific homeland. Mr Bavadra, deposed after a lightning military takeover on May 14,
    Reuter  -  180 words
  • Article
    Lock icon Japanese companies fear US discrimination lawsuits
    340 12 AP MANY Japanese companlee in the United States fear the poeaibility of lawsuits based on US equal employment laws and worry that their corporate imagee and profits will suffer, a recent government survey shows. Other private studies on working conditions in US branchee of
    AP  -  340 words
  • Article
    7 win mandate to arrange US$400m loan for Jakarta
    359 12  -  By HONG LEE TIAM THE INDONESIAN government has awarded a mandate to seven international banks, including three foreign banks in Singapore. to arrange a US$4OO-mil-lion loan to finance ita infrastructure development and other general purpoeee. The mandate was given to the
    359 words
  • Article
    Lock icon Two new charges laid against former Carrian chairman
    139 12 Reuter A HONGKONG COURT laid two new charges against the former chairman of the bankrupt Carrian Group, George Tan, yesterday. Tan is now aleo accused of offering HK$BBB,OOO and 666,000 shares in Carrian Investments to Stuart Leelie Turner, a former director of
    Reuter  -  139 words
  • Article
    Lock icon Comex gold
    91 12 Reuter COMEX GOLD futures were marked up in the first hour of trading yesterday on reports that Thursday's sharp rally of US$6.OO was fuelled by heavy buying out of the Middle East. December gold roee US$O.9O at U*****.60 an ounce after a brief sell-off when the dollar firmed
    Reuter  -  91 words
  • LATE FILE
    • Article
      Lock icon US jobless rate steady at 5.3 pc
      32 12 Reuter THE US CIVILIAN unemployment rate was unchanged at 5.3 per cent in October, while the government and aervioa sectors expanded, the Labour Department said.
      Reuter  -  32 words
    • Article
      Lock icon Honecker's wife loses Cabinet post
      37 12 AP THE WIFE of ousted East German leader Erich Honecker has loet her Cabinet post in a series of top-level resignations aa the pece of change gained momentum in East Germany. AP
      AP  -  37 words
    • Article
      Lock icon Sanctions hit Pretoria hard
      28 12 AFP SANCTIONS and disinvestment have coat South Africa about US$l5 billion since 1985, economist Chris van Wyk said in Vanderbijlperk. 90 km from Johannesburg.
      AFP  -  28 words
    • Article
      Lock icon Thatcher ducks Cambodia query
      28 12 AP BRITISH Prima Minister Margaret Thatcher ducked Opposition demanda for a categorical denial that British military peraonnel have trained anti-government guerillas in Cambodia. AP
      AP  -  28 words
    • Article
      Lock icon French airport strike hits traffic
      48 12 AFP FLIGHTS in and out of France were seriously disrupted yesterday when air traffic control electricians went on atrike. At Paris' Roieay/Chariee da Gaulle Airport where maintenance techniciane alao joined the strike, arrivals and departures were delayed for up to three hours. AFP
      AFP  -  48 words
    • Article
      Lock icon Smaller currency allowance
      54 12 AFP HUNGARY ia to reduce the amount of foreign currency it allows Ha citizens to obtain in a bid to reduce its balance of paymenta deficit. In future. Hungarians will be allowed only US$5O worth of foreign currency a year, down from a current level of US$3OO
      AFP  -  54 words
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      109 12 FOR IMPORTERS AND EXPORTERS. SHIPPING TIMES covers all aspects of O7 local and international shipping (except, of course, the really technical aspects). Y The emphasis is on news that is likely to affect the Business Times reader. Covering the latest trends in the shipping markets, we also carry up-to-date news
      109 words
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  • Executive Lifestyle
    • Article, Illustration
      They call me Gildo
      1207 13  -  CHUANG PECK MING doffs his Crocodile t-shirt and talks high fashion with one of the leading names in Italian menswear. CHUANG PECK MING THE NAME is Zegna. Ermen©gildo Zegna. It sounds familiar, but the man who's saying that doesn't look old enough to be that luxury
      1,207 words
    • Article
      STRAWS in the Wind
      244 13 BRITONS are apparently known to like their tea weak, but one colleague only just found out how weak. Invited home for a cuppa by one Brit, he was asked whether he would like his tea strong. When he replied "yes", his host promptly squeezed the one
      244 words
    • Article, Illustration
      In the eyes of the beholder...
      642 13  -  A gung-ho companion gives ex-buyer SUZANNE SOH some questionable tips from The Hitchhiker's Guide to the Catwalk SUZANNE SOH A MALE ESCORT at a fashion show not only gives you a man's view on the clothes, but also a first-hand commentary on its models.
      642 words
    • Commentary
      • Article, Illustration
        Hoping for the right corporate chess moves
        849 14  -  DEXTER LEE The writer, a competitive chese player and secretary of the Serangoon Gardens CC Chess Club, is on the Banking and Finance Desk of Business Times. COME 1994, chess enthusiasts in Singapore will have the treat of their lives when chees players
        849 words
      • Article, Illustration
        The art of imposing sanctions respectably
        720 14  -  JOHN THOMAS The writer is on the Foreign Desk of Business Times. He covered the recent CHOGM conference in Kuala Lumpur. SANCTIONS have become such a bad word that at least in the paat three Commonwealth summit meetings, the subject has been the main
        720 words
      • Article, Illustration
        Golden opportunity — and test — for M'sian brokers
        900 14  - Golden opportunity and test for M'sian brokers ANDREA BORCH The writer is a reporter on the Business Times Companies Desk. EARLIER THIS WEEK, the president of the Malsysisn Federation of Public Listed Companies said delisting Mslaysian companies from the Stock Exchange of Singapore could help them become more international. The
        900 words
      • Article
        Business as usual for CityDev
        173 14  -  letters te the Editor Tan Mee Choo Company Operate fy City Development* Lid Dear Sir, We refer to the Business Times special supplement on Property and Construction dated Oct 24, and in particular to the segment appearing on Page 6 under "Property Market Movers". We
        173 words
      • Article
        Computer used for UIC cheques
        177 14  -  Lily Wu Company Secretary United Industrial Corporation Ltd Dur Sir, We refer to the letter from D W Distant (BT, Oct 28-29). Mr Distant enquired as to why cheques sent in payment for excess rights shares were cleared for payment and new cheques were issued
        177 words
      • Article
        Robinsons: Results show our sustained improvement
        589 14  -  ALAN E FRENCH Chief Executive/ Managing Director Robinson ft Co Ltd Dear Sir, In your paper of Oct 31. "Market Talk" carried extracts from a Fraser Roach Research paper which had been privately circulated. Fraser Roach's inaccurate opinion that Robinson Co Ltd was the
        589 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        It's all Greece to me
        1293 15  -  TRAVEL discovers the romance of Athens warts and all TYE KIM KHIAT GREECE is pretty to a fault. She reminds me of Helen of Troy. Surreal. No doubt, she mesmerises with her bountiful charms turquoise waters azure sky, balmy breezes, halcyon days and rich legacy.
        1,293 words
      • Article
        If you get a chance to work here, grab it!
        853 15  -  By FOO CHOY PENG HONGKONG, according to a global survey last year, is one of the most stressful cities in which to work and live. Its harsh urban landscape, unending stream of people and the polluted air in the city
        853 words
      • Article
        The scallop scam
        699 17  -  FOOD By QUEK SWEE PENG WHEN YOU begin to be bored with prawn dumpling, the enticement of the scallop variation aeems an ingenious idea. Prawn dumpling is standard fare: a crystal clear, pink prawn wrapped in a transparent coat of batter. Scallop dumpling is clever innovation. I
        699 words
      • Article, Illustration
        Too many chemicals spoil the soup
        832 17  -  HEALTH By RICHARD SEAH The writer is editor of The Good Life, a health magazine. The views expressed in this column are personal. SOUP STOCK is actually expensive salt, says food scientist Tan Kee Peng. Salt accounts for at least 40 per cent of
        832 words
      • Article, Illustration
        BILLBOARD
        1378 17  -  Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Dldlar Lockwood Described as the "best world violinist", Lockwood will be in town this week and fans can catch him at his performance on Nov 11 at the World Trade Centre at Bpm. Born in 1956, Lockwood has been described as the "mad
        1,378 words
      • Article, Illustration
        What expats can expect in Singapore
        665 18  -  BOOKS By JAIME LYE YOU CAN nearly almost tall an expatriate's home from a Singaporean's by looking at the furniture. In a typical Singaporean home, for example, any religious artifacts go on an altar. In an expat home, they go on the coffee table.
        665 words
      • Article, Illustration
        Style is the essence for Carmel
        682 18 CARMEL: Set Me Free (London) Carmel clearly intends Set Me Free, her fourth release, to establish her credentials as something more than an inspired stylist. Although the songs on Set Me Free deal with weightier issues, she sticks to her torch-style singing which combines
        682 words
      • Article, Illustration
        Bungling robber finds unlikely accomplice
        476 18  -  CINEMA tr Jaime Lye BLACK RAIN* Ken Takakura would not approve of The Thr— Fugitive•. Stealing is stealing, he always maintained. There's no grey area, whether you steal because you're a burned-out New York city cop, or because you're a bungling bank robber with a
        476 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article
        Wash down your chilli crab with ...
        727 16  - Wash down your chilli crab with By N K YONG WHAT do you drink with chilli crab? Or, for that matter, with spicy food aa hot aa chilli crab? The eaay answer would be beer. Lots of it. But that can hardly be very intereating, or adventurous. So, during the
        727 words
      • SHORT TAKES
        • Article
          Chinoiserie's 10th year bash
          91 16 SOME 500 people turned up to celebrate Chinoiserie's 10th anniversary celebrations two nights ago at the Hyatt Hotel's Crystal Ballroom. After the usual speeches, the evening began with a musical number by some of Chinoiserie's staff. Even though the show itself was far from perfect the
          91 words
        • Article
          Calling all artists
          103 16 IF YOU'RE NEW on the arts scene, your work will get fair play as part of the 1990 Festival of Arts fringe activities. At the moment 15 young artists' works will be exhibited at four different galleries in the "EYE 2 I" visual arts exhibition next June.
          103 words
      • Article, Illustration
        The Last Emperor and Lawrence of Arabia in December
        1391 19  -  SBC FIRST ON THE MARK WITH BERTOLUCCI'S EPIC SWITCHING With ROGER LOH AS IN PREVIOUS years. SBC's Christmaa stocking is stuffed with a variety of movie blockbusters. Included in this year-end treasure trove of box-office hits are two multiple Oscar-winning epics,
        1,391 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Martell PGA prize money up $10,000 Martell PGA prize money up $10,000
        296 20  -  GOLF By CHARLES SAVAGE PRIZE MONEY at the Martell PGA Golf Championship is up another $10,000 this year to $65,000 and Seagram is considering raising the purse to between $80,000 and $95,000 in 1991. The championship from Nov
        296 words
      • Article
        Lock icon Strange scores best in first round of Japan tour
        336 20 AP CURTIS STRANGE shot the day's best score of 65 in gusty winds but the US and the European teams ended tied 6-6 on Thursday after the first round of the 8551.03 million Four Tours orld Championship of Golf in Japan.
        AP  -  336 words
      • Article, Illustration
        Teh moves closer to jockey premiership
        468 20  -  ON TMCK With JEROME FANDOR AFTER five winners last weekend, champion trainer Teh Choon Beng is back to break his 1985 record of 107 winners in a season. Needing a winner a day for the remainder of the season, Teh will try to capitalise
        468 words
      • Article, Illustration
        Lock icon Chang's star is dimmer but he's only 17
        660 20 TENNIS IHT MICHAEL CHANG returned thia week, a bit older and his star a bit dimmer, to the city where, less than five montha ago, he became the youngeat man to win a Grand Slam title. Chang's victory on the clay courta
        IHT  -  660 words
      • Article
        Lock icon Two separate paths, same destination
        335 20 AFP BORIS BECKER and John McEnroe reached the last eight at the lucrative Paris Open tournament on Thursday in totally contrasting styles. Becker narrowly missed defeat, scraping past stubborn Frenchman Guy Forget 8-7 (4/7), 8-4, 7-8 (7/3). McEnroe mixed some bad old habits with some
        AFP  -  335 words
      • Article, Illustration
        Lock icon Drivers divided over Senna's punishment
        437 20 MOTOR-RACING AFP LEADING Formula One drivers were split into two camps in Adelaide on Thursday over Brazilian Ayrton Senna, regarded as the fastest man on four wheels and now judged to be the most dangerous. On Tuesday, an international motoring court in Paris handed Senna
        AFP  -  437 words
      • Article
        Lock icon Prost steers to pole position
        269 20 AP WORLD CHAMPION-ELECT Alain Prost of France edged out his teammate and bitter rival Ayrton Senna yesterday to grab provisional pole position for tomorrow's Australian Grand Prix. Prost steered his McLarenHonda around the tricky 3.78 km Adelaide street circuit in a time of one minute
        AP  -  269 words
    • Executive Jobs
      • Article, Illustration
        Blazing a trail for women managers
        780 21  -  [JUL By SHOEB KAQDA (jp? J@WTIWWS By SHOEB KAGDA WHEN Shirley Sim-Tan joined Diethelm 18 years ago, she was the only woman sales representative. Today, she still holds that distinction, except in a more rarefied stratum. She is one of nine divisional managers, handling
        780 words
      • Article, Illustration
        A chop, a change, a new career
        1148 21  -  Losing a job, it is said, ranks among life's four most stressful experiences. But for the company which must do the axing, there is a cleaner, sweeter approach. And the executive whose head has been hunted out and placed on the chopping board?
        1,148 words
      • Article
        Out, but not down
        202 21 SO YOU HAVE to fire someone. But how do you do it with a touch of class so that the pain felt by both partiee is kept to a minimum? Drake Beam Morin offers the following pointers: THE DOMTB Avoid breaking the news at all cost
        202 words
      • Article
        Outplacement counselling gets rising recognition worldwide
        573 21 IT COULD BE a companywide austerity drive or a head-on personality clash. Whatever the reasons, termination is a corporate (act of life. As companies worldwide restructure, change tack or simply wind down, outplacement counselling (OPC) is gaining recognition outside the United States as s
        573 words
    • Executive Lifestyle: Investment and Finance
      • Article, Illustration
        Lock icon Manets and Porsches look a soggier investment
        1002 22 ART bumbling Morris Minors. The Economist ARE THE GOOD TIMES OVER for investors in paintings and sports cars? Alternative investments are showing some of the symptoms of financial mania. Over the past 10 years, prices of vintage cars and Old Master and Impressionist
        bumbling Morris Minors. — The Economist; Sources: Sotheby's, Coy's of Kensington, Robert Brooks  -  1,002 words
      • Article
        Maximising your savings accounts
        827 22  -  PERSONAL FINANCE Starting this week, BT will ran a series of articles on personal finance, offering advice on how to manage your money and obtain the best loan deals. We kick off with the first useful tips on how to get the most out of your
        827 words
      • Article, Illustration
        Lock icon A base rate increase won't solve problem
        1046 22  -  VIEWPOINT By RICHARD JEFFREY Richard Jeffrey is the director of economics, Hoe re Govett Investment Research, London PERHAPS the most worrying aspect of the Treasury re-shuffle was the knee-jerk reaction from many of the City commentators which was: raise base ratee 2 per
        Punch  -  1,046 words
      • Article
        Sterling: long-term decline likely
        317 22  -  Money trends By C DOW Mr Dow /s an investment manager with a me/or local pub-llcly-listed company. THE MARKET gave sterling a pounding last week as if it wanted to wake the dealers up. It ioet four cents against the US dollar in one afternoon in
        317 words
      • Article, Illustration
        The Split: 10 most asked questions
        907 23  -  STOCK MARKETS By ROSIE TAN INVESTORS can generally take a lot of bad news. It la uncertainty that they find hard to cope with. This week, some selling of Malaysian shares by nervous investors was evident although the crowd seems to have recovered from
        907 words
      • Article, Illustration
        Experts disagree on market outlook
        761 23  -  US ECONOMY By KEVIN GWEE THE "TREMENDOUS" slowdown in the American economy is good news for the stock market at least after the next two quarters, according to a Wall Street strategist who visited Singapore this week. Heiko Thieme, executive vice-president of Deutsche Bank Capital
        761 words
      • Don't quote me...
        • Article
          An ode to Parkway
          212 23 PROPERTY GROUP Parkway Holdings threw a big party at the Oriental for about 350 guests on Wednesday to celebrate its 10th anniversary. One of its London associates who could not make it to the dinner party sent his greetings in the form of an ode. This
          212 words
        • Article
          Coincidental visits?
          73 23 IT WAS PRESUMABLY sheer coincidence, but at around the time that hotelier Khoo Teck Puat was in Singapore visiting his family, the Sultan of Brunei was also in town. Those who followed the National Bank of Brunei saga will know that the Sultan and Khoo, once great friends,
          73 words
      • Article, Illustration
        The lull after the storm
        546 23  -  CHARTPOINT hr Charles Chow, by Chart— Chow, hood of floooorch, J Bolls* THERE IS a mood of eerie calmness in the market. This is not new, however. During the past three years, the last quarter had displayed a similar lethargy. Each time it happened, investors
        546 words
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      195 13 NEED A <ajL HOUSING LOAN? jBtT Call USA from any phone, taiy day, anytime at 222 5544 ***** 8044 A PSSSfWoi 5 There Are Tlnse Wlio Recognise Hie Craft Of Gerald Genla. And There .Are Hm*e WLo Can Also Afford ft. The watchmaking genius of Gerald Gent* is encased in
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      31 14 WINTER WEAR X-AT FACTORY PRICE!! UftlMX ItMM cso swMtarsS 91X1 KXC T-shtrts $100 •Turti«-n«ckj 52.00 MCh 19 "-cT *****75 To Clothe In Style Hith Quality LEIGHTOYS SHOP PTE LTD i.ilr \lrmbcr:
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      3 14 Technology every Tuesday
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      60 14 V f welcomes letters from Its readers, r Letters must Include the author's t 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
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      48 15 NINA RICCI PARIS n \1 3 *^fl -^Es I r jijl jjf^L Br ifl Hf jjfl HP^ <S^Aeu<te eccau'oe Available at Boutique Nina Ricci. Galeries Lafayette Nina Ricci Corners:- Metro Orchard, Metro Marina. Metro Paragon. Singapore Daimaru Midori Classic Selected Outlets Sole Distributor: Nina Ricci (Singapore) Pte Ltd
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      264 16 Where tv entertain... Where tv entertain... Where tu entertain... Where tv For outstanding haute cuisine in surroundings I of unashamed opulence. The Palm Grill is the I name on everyone's lips. I Reservations, *****10 or *****85 ext *****/6. 8 I y Mm \'J .^M Tribute to'Rosses November 4 As you
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      198 16 Bubbling, Simmering, r®j^^ v Steamboat Buffet AT MING PALACE 7pm 10.30pm Select from: Fresh Big Sea Water Prawns Garoupa Meat Fish Balls Beef Chicken Cuttlfish Crab Liver variety of vegetables variety of noodles ssis++ per adult miwoouUKTMPTei. yNOKJM Sslo+ per child lE3fi 1 Tanglin Road under 12 JhD. Singapore 1024
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      283 16 OUIfflgGS Meafc 4 Ma food cvatswani TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DEUGHTFUI HOT AND COLD DISHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOO EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR
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      192 16 j| *jf i- a w\ fc jm 1 30 November Adults Children below 12 $14.50++ (Lunch) 9.00++ (Lunch) $15.50++ (Dinner) $10.00++ (Dinner) Cafe Plaza Plaza Hotel BRadi Road Smgapurr 0719 *1 *****11 Paramount Hotel The Gazebo presents a unique blend of pure pleasure sheer delights BEFORE 81 AFTER LVJ mm
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      261 16 H QKK The best of Beijing at the Pine Court's Lunch (IKS] Buffet I. If you've enjoyed our sumptuous Baked Tench, Steamed Dumplings, Double-Boiled Duck Soup with Herbs and Shredded Duck Meat with L, Bean Sprouts served with Empress Purse, you'll be glad to know they are here now. But
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      229 17 entertain.... j I djjubertius (?>nU B I Every Sunday I I There's A I I Family Feast I I In Tiee Park. I V At the Hubertuj Grill, Sunday brunch w a great Bl outing for the family. A glorious buffet spread u* lait) II I out for both grown
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  • Page 17 Miscellaneous
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      755 17 CRYPTIC PUZZLE 4 Score when you prac- 41 Stray (3) ACROSS ,iB6 (5. 2) 42 Windflowers (8) u A 5 Nick with a razor (5, 6) 9 Not prepared to strike. 6 Finished the race, after oCmi in a 8^ 0 K a" 2. 4) 1 Analgesic (10) h Ut7
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      56 18 BIRTH OF A NEW CLASSIC J 7 i Jfe- ~^S| 1 y 82® f 3® i^Mii 3 fe^B gs f 'ML JB W-1 i aIT "*^v^ '^c fl v> s JC* COMPANY Ki!:,' £f IDEAS FROM MASSIMO OSTI C.P. COMPANY BOUTIQUE TANGS STUDIO (LEVEL 1 SCOTTS SHOPPING CENTRE, SINGAPORE 0922
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      1535 20 A I A OOP Uirrh lirthf-c private person who takes over when she steps I I I I 1 A y DDK/ mgnugnib off the stage. Now she is the subject of another I l\ M\ I Sunday, Nov sth, 8.30 am searching interview by Dr Anthony Clare. R Df»
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      409 21 IPBDTO IKI SINGMARINE Industries Limited has appointed Teh Kong Leong to its board of directors. He is currently director i <■,! the Marine Ministry of Communications Information. fSBSa x i LAWRENCE SEAH is now ac- V count director of Spenser Friends. He will help to provide a higher standard of
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      336 21 CRESVALE —FAR EAST LTD The Cresvale Group of Companies is a leading specialist in the international equity-linked securities markets, with offices in London, New York, Tokyo, Hong Kong and Zurich. Cresvale Far East Ltd, the Group's Hong Kong subsidiary, is seeking self-motivated individuals to expand its research and marketing team
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  • Page 21 Miscellaneous
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      675 22 TAKE WIN HOME w ONE OR MORE OF FREE GIFTS 3,575 items V:y: 1 *7. 7 12-Mtn 6-Mtn pdff t.iptc itfmc Deposit Deposit fkee gifts items W]N in our Crand Lucky Draw 52.00Q j lH Prize: to, —h~— W Colour TV Camcorder -K'VW $4 000 Pocket Radio. vHS leaning Tag
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      128 23 SOTHEBY'S FOUNDED 1744 No.l Cuscaden Road #01-07, the Regent Singapore, Singapore 1024. Telephone: (65) *****39 Telex: RS ***** HPPL Fax: (65) *****95 Contemporary Art Bth November 1989 New York I if I 4 rr J I 'MHKi i I 4s' Andy Warhol 'Triple Elvis" 1964 Estimate US$2-2 .5 Million Modern
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      100 24 ■MM >. X y~r* y :r 5 y J? x jKfc ,'•-•.,%*> <v *:fct -V Ifes Ililjl K "'v. ■> r I 9 Ste 1 5 it it rl SK5 1 ~r LT% i&& ir 9*> mtK A':-' Itif» U»0J i ««*r sr W W i*5* f :;ss mm*** Satst
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      562 24 Sttr Crazy, Today. 11pm, SBC 5 It's been screened before, but it's still worth catching if you missed it. Screwball comedy with Qene Wilder and Richard Pryor playing two misfits who are mistakenly convicted of bank robbery and engineer an elaborate escape. Plenty of laughs in this one. Magnificent Bodyguards,
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      2069 24 SATURDAY PM Opening and Programme Highlights followed by Lire Hitters Glaucoma. Glaucoma is an insidious disease that can rob people of their sight from within, by excess pressure of the fluids inside their eyes. This week's programme looks at people living with this disease that takes on greater importance as
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      272 24 Our Today, 0.30pm, SBC 5 How would you Mil Singapore if you had a tiara on your head and had to convinca potential tourists wortd-wida why Seotoaa has mora appaal than Bond! beach? Lot the 10 ambaasa dress-hopefuls show you how aa they take to the catwalk at the Neptune
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