The Business Times, 23 December 1989
1989-12-23
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https://www.nlb.gov.sg
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The Business Times
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Title Section12 1989-12-23 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend Edition, December 23-24 1989 75 CENTS12 words
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Article, Illustration302 1989-12-23 1 DEXTER LEE - By DEXTER LEE THE SINGAPORE dollar yesterday traded at one of its highest levels againat the Malaysian ringgit, reflecting the inherent strength of the local economy. In Kuala Lumpur yesterday, the two currencies exchanged hands at M 5141.34 to Ssloo. HereSource: Telerate - 302 words
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Article, Illustration394 1989-12-23 1 Agencies ROMANIAN DICTATOR Nicolas Ceausescu, the last of the Warsaw Pact a hardline communiat leaders, waa toppled yesterday by s popular upriaing after ruling for 24 years. A worrying dsvelopment, however, wss that elite troopa loyal to him and becked by armoured cars were headingAgencies - 394 words
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518 1989-12-23 1 AMY BALAN - LONGER TRADING HOURS POSSIBLE SOON, SAY SOURCES By AMY BALAN CLOB INTERNATIONAL. Singapore's over-the-counter market, will kick off on Jan 2 with 138 listings, including 25 Malaysian companies and six Hongkong firms that are not listed here currently. Among the new518 words
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82 1989-12-23 1 AFP THE EUROPEAN COMMUNITY has become the primary target for Japaneee invaatmant during tha next thraa yaara. A study publiahad on Thureday by Japan's Exim Bank said tha 1902 integration of tha European marfcat was tha main reason Japanaee inveatora had shifted their focua.AFP - 82 words
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Article50 1989-12-23 1 Reuter LIGHT BUYING intsreet as the end of the year approaches pushed Wall Street stocks slightly higher yeeterday, but there was little news behind the gain, traders said. The Dow was up four at 2,606 and gainers led dediners by sbout five to four in early trading. RouterReuter - 50 words
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448 1989-12-23 1 WORKERS for whom commission* and bonuses make up a big chunk of annual incoms will not bs unduly hit by the government's revision of the tax treatment of Central Provident Fund (CPF) contributions. In a joint statement yesterday. the Finance and Labour ministries448 words
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Article45 1989-12-23 1 AP LONDON ahara pricea were alightly higher at midday yeeterday, but trading volume remained thin ahead of tha Chriatmas holiday period. At about noon (1200 GMT), the Financial Tlmee-Stock Exchange 100-ehare index waa up 7.4 points, or 0.3 per cent at 2,300.4. APAP - 45 words
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Article, Illustration244 1989-12-23 1 REGIONAL stock markets closed higher yesterday except for Tokyo which fell on fear of a riee in inwrwi ram. In Stngapun, prices rose on strong buying from institutions and speculators despite some lata profit-taking. The Straits Times Industrials Index roee 12.13244 words
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Page 1 Advertisements
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Advertisement351 1989-12-23 1 V Wkon TteVMbrtd'sFkiMt Photographic tyUm. t/c a Christmas g3|& Card Page One Ml The Ids In the Hu heart of the stone JHH Page One HI Donde Este PH Santa Claus? Page Six Why floating rates make sense Page Two ■■mm The gift of being able to share and receive351 words
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Advertisement9 1989-12-23 1 CPF revision good for Ngh wsga seniors, PAGE 29 words
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Advertisement175 1989-12-23 1 Nikon QNP targets, BACK PAGE Cm Tt» full Itet Whit's In, what's out, whafs new. PAGE 7 i CONNOISSEURS F O R COLLECTORS When choosing your Dun hill Elite, let The Hour Glass enhance the occasion. A The Hour Class, we set oursehts as connoisseurs. And our customers as fellow175 words
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Advertisement12 1989-12-23 1 Pull report, P AQE Regional mtta, PAGE 10 World nrida. PACK 1112 words
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HOME NEWS
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420 1989-12-23 2 MARTIN SOONG - BULK OF SPENDING FOR ELECTRICITY PROJECTS By MARTIN SOONG THE PUBLIC Utilities Board development budget for 1990 will rocket to an unprecedented $896 million driven by booming demand for electricity, water, and gas on the island. According to a PUB420 words
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373 1989-12-23 2 EMPLOYEES who draw high salaries and empioy•rs havs causa to smils following the revision of the government s originsl plan of cspping Central Provident Fund contributions. The revised measures are lass psinful than those proposed sarlier because a larger sum will remain taxdeductible for373 words
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Article541 1989-12-23 2 Seminars and HTSTS tScPSSKOO Courses I F«cg744Wa y Jan 4 *90 Talk »o Win Six Steps SIM Management Hse Singapore Institute *****66 to a successful vocal Management image Jan 8-10 dBase IV for Managers SIM Management Hse Singapore Institute *****66 <9Q of Management Jan 8 Effective Clerical POO541 words
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272 1989-12-23 2 John Tan - »r John Tan SINGAPORE TELECOM and PT Indosat of Indonesia yesterday signed en agreement tor a $120 million submarine cable system. The protect will involve the construction of a I.oookm optical fibre cable system between Singapore and Indonesia. When completed in 1983.272 words
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Article135 1989-12-23 2 THE CAR population grew by nearly 9 per cent last month over the same time a year ago. according to latest statistics from the Registry of Vehicles. As at Nov 30 this year, the car population stood at 256,720 vehicles, or 8.9 per cent more135 words
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Article108 1989-12-23 2 Corrections clarifications IN THE ARTICLE on the Central Provident Fund's Dependents' Protection Insurance Scheme published on Page 17 yesterday, CPF general manager Lim Han Soon was quoted as saying that the initial exercise in May did not insure all active members as it was not possible for the CPF to108 words
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499 1989-12-23 2 LEE HAN SHIH, ELAINE KOH - By LEE HAN SHIH, ELAINE KOH THE MUCH-AWAITED tender award lor tha Thai Embaaay site naxt to Lido Thaatra has hit a snag, further heightening tha air ol expectancy cauaad by tha tight supply of hotel and retail space in Orchard Road. News499 words
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Article144 1989-12-23 2 FROM ALL appearances, the Sing Singapore '90 Launch Show due next Friday evening at the National Stadium is building up to a crescendo. To date. S5 organisations will send people to attend the event, and a crowd of about 15,000 to 20,000 is expected,144 words
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Article1123 1989-12-23 2 ARRIVALS Operator Sarvfca Local number Mm* Vem SiA OAt MAS SU MAS UAl UAL CAL SIA MAU MAS SVA SQ91 OA471 MH623 soon MH60I UA805 UA97 C1333 SQ401 MK/ SQ746 MH640 SV398 0005 0015 0035 0115 0120 0120 0130 0315 0605 0745 0620 0035 PEK/SHA ATH KUL1,123 words
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Page 2 Advertisements
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Advertisement36 1989-12-23 2 w A TKc business person's choice every Tuesday, ruirAfin 1 I 111 jl J International Airport the foMowingaiy. CaII your travel agent or Air *1 732 tiff. A Breath Of Fresh Air VJV Air Canada s36 words
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Page 2 Miscellaneous
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Miscellaneous196 1989-12-23 2 W_EATHER^_% srjjsnsss fcWi.Mmn lor Dec 23 i u OUTLOOK: Showers City Mex/ Note g«tr aaearal araaa SurMln ing Ma aHarwoan an* (°C) earty s»sw«m. 04/00 a~d„ > £r,r: Amsterdam 06/03 Cloudy the airporti Athens 15/07 Sunny Mei tern*. SI J Auckland 22/15 Shown Assse NwwMWy 97 Bangkok 32/20 Foir J4.S196 words
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FOREIGN NEWS
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432 1989-12-23 3 Reuter SOUTH KOREA has outlined two tasks boosting corporate investment and stabilising labourmanagement relations as top economic priorities in 1990. Unveiling next year's agenda, Economic Planning Board (EPB) Minister Cho Soon firmly ruled out such drastic measures as cutting interest rates and artificiallyReuter - 432 words
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188 1989-12-23 3 AP SHIPOWNERS of many countries that fly the flag of Panama so they can pay lower wages and taxes won't have to reflag their vessels, President George Bush says. With the installation of President Guillermo Endara in Panama, the US is liftingAP - 188 words
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293 1989-12-23 3 AP PRIVATE manufacturing industry, the source of most of Japan's technological dynamism, is attracting fewer science and engineering graduates, the Japanese government said yesterday. In its annual report on science and technology, the government said Japan spent 10.6 trillion yen (U5574.3 billion) inAP - 293 words
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164 1989-12-23 3 Reuter THE Australian current account deficit for November stalls any possibility of an early easing in monetary policy even though it fell within market expectations, economists in Sydney said. The deficit of A 51.58 billion was down from the revised October shortfall ofReuter - 164 words
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279 1989-12-23 3 Reuter CAUTIOUS US companies are trimming back their investment plans for 1990, but consumers are still spending steadily, the government said on Thursday in reports that indicate a mixed economy at year's end. A survey of businesses conducted in October and November showedReuter - 279 words
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Article114 1989-12-23 3 AP MALAYSIA'S fresh fruit exports this year are expected to amount to Msloo million, with Singapore and Hongkong continuing as the main importers, an official said yesterday. Malaysian Fruit Exporters Association president Arphan Ahmad said that during January through August this year, totalAP - 114 words
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320 1989-12-23 3 Reuter A SIKH BUSINESSMAN in Vancouver, Canada, said he is taking a leaf out of the Bible by giving away his Csloo-million fortune to the poor and starting over again as a working man. Real estate tycoon Stephen Sander said on Thursday that heReuter - 320 words
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216 1989-12-23 3 AFP THE VALUE of world trade will grow by 10.3 per cent in 1900 compared with the preceding year to reach US$3.3B trillion, according to a report from the Japan External Trade Organisation (Jetro). A study produced by the gov-ernment-subsidisedAFP - 216 words
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433 1989-12-23 3 AP THE GOAL to draw up new comprehensive world trade rules by the end of 1990 is "realistic", although after three years of talks the real negotiations are only just beginning, a top international trede official said on Thursday.AP - 433 words
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Page 3 Advertisements
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Advertisement86 1989-12-23 3 DE WAR'S PROFILE: GARY JORSON .it > •"< :;L* •< ti r i", -a." i i- < V :i. i til li v '~:i\ > 'i 1 i a .1 ft II r f V.' 1 ""V A.I I A' M-' .I r r~fcl ri:i; t r WU. K f86 words
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Page 3 Miscellaneous
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Miscellaneous50 1989-12-23 3 Doonesbury by garry trudeau Ht.wm. 1 Ml neeorA smartetam ijj I 111 BM PROOUM MOM ANP MD 1 THAVS Jfl '*52®** TMS0 V I mm archnaw/German- Pttgni Si FLAmR£P I i /wl \CKtt?,ANPPK&Hm> V™"*} SMART. MS ICAUW.- j TO PMC- I [SKJk TUG SMART L&uv&t I COULPN7 WRt y arm50 words
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MONEY AND EXCHANGES
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302 1989-12-23 4 Reuter ANOTHER RISE in British interest rates could tip the country's economy into recession, the Organisation for Economic Cooperation and Development said on Thursday. Continuing sterling weakness since Britain raised interest rates to 15 per cent in October was threatening projectedReuter - 302 words
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Article1150 1989-12-23 4 SINGAPORE: The US dollar cloeed mixed yesterday after fluctuating within narrow ranges in light pre-hol-iday trading, dealers said. It ended steady at New York's 143.60/70 yen, but easier at 1.7215/25 marks against 1.7250/60 in the United States. Dealers said the dollar's sentiment remained largely negative on expectations of1,150 words
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Article326 1989-12-23 4 HONGKONG: Gold closed firmer in quiet trade yesterday, helped by Australian and local shortcovering which offset early Japanese sslling, dealers said. Bullion ended at U*****.20/70 against New York's U*****.75/412.25 close. Local gold closed HK$2 higher st HK53.826 a tael. Coins were little changed. TOKYO: Yen-denominated gold futures closed326 words
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Article157 1989-12-23 4 QoM futures on December 21, 1989 100 trey oukk USS par trey ounca Opm M#» Lot —m OK 414.00 ***** 411 AO 411.90 -1^0 Jon 413.10 -100 Fab 417.10 ***** 413.10 415.30 -2.00 Apr 423.00 47X00 420.10 420.50 -2.00 km 427.20 427.90 423.20 ***** 200 Aug 431.tO157 words
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Article278 1989-12-23 4 ASIAN DOLLAR deposit rates yesterday closed little changed from opening levels in quiet trade as most operators were sidelined shead of the long weekend holidays, dealers said. Short-dates weakened 1/16 point at the outset due to a lower US Federal funds rate, but held steady later. Weekend278 words
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Article558 1989-12-23 4 Reuter SIMEX Eurodollar futures closed steady to slightly lower yesterday on poeition adjustment in quiet trading. dealers said. March Eurodollar closed steady at Chicago's 92.1t, while June eased to 82.30 from 82.41 on turnover <A 6.485 lots. Eureyen futures rose slightly from TFEA levels in quiet trading. March roeeReuter - 558 words
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Article261 1989-12-23 4 Reuter IMM CURRENCY FUTURES climbed in sluggish trading on Thursday, buoyed by new signs that US interest rates are slipping. Futures drifted upward, supported partly by the prospect of prime rate cuts and possibly a US discount rate decrease after the Federal Reserve refrained from open market operations onReuter - 261 words
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Article45 1989-12-23 4 THE overnight rate on the Singapore money market was 3/8 point lower at 4-3/4 par cant yesterday. Short-term rataa ware unchanged. S$ h—rbonh rates of Hw doM y*sf«rdayi o^. arm MO Ovenilg* <3/1 J VI >v» 4 «/a »»/a •/> 5 1/1 S 3/445 words
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Article93 1989-12-23 4 Treasury bills Period Issue Yesterday's dosing Day's cod* Maturity MO OFT** MGH LOW 3 months 8Q*****X 22.03.90 4.65 6 months BS*****V IS.01.90 4.70 4.65 1 yoor 8Y*****Z 1S.10.90 4.63 4.58 Government notes and bonds Period issue Maturity Coupon Yesterday's dosing Day's code rate MO OfW MGH LOW93 words
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Article, Illustration191 1989-12-23 4 Mm priM of IS major banks In l*p»i Interbank market rates (offer/bid) on Dec 22 US$ DM SWFC Y«n 7 4 11/14 —4/14 13 3/14 1/14 4 1/3 3/4 4 1/3 4 1/4 7 7/14 3/14 la* 4 13/14—11/14 IS 3/14— 1/14 4 3/4 4 1/4 4191 words
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Article1087 1989-12-23 4 CURRENCY FUTURES OPTIONS Friday Dacambw 22 1989 OMW*MM DM M pm 51 54 OMWmhs ommmm 73 75 CURRENCY FUTURES OPTIONS MAM Thursday, Ok 21, 1989 KUTWH POUN0 CHJW; ewrti por C MM NM Mw Mf Mw« ISM 443 444 SJ* 0.12 0-7* 1.40 157% 3-10 Hi M 043 1541,087 words
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BANKING AND FINANCE
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417 1989-12-23 5 AFP THE European Economic Community (EC) on Thursday took a first step towards liberalising its life-assurance industry by deciding that consumers should be allowed to buy policies directly anywhere in the Community. "It is a major step towards a single European market forAFP - 417 words
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313 1989-12-23 5 NYT ALMOST SOO more US savings and loan associations than initially projected by the Bush administration are likely to be taken over by the government under the bailout legislation, according to numbers released on Thursday by the Office of Thrift Supervision. ThatNYT - 313 words
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Article, Illustration197 1989-12-23 5 NYT WILLARD C BUTCHER, chairman of Chase Manhattan Corp, plans to retire during 1991, according to a memorandum distributed to officers of the bank earlier this week. Mr Butcher, 62, has been chairman since 1980. His plans to retire in 1991 had beenNYT - 197 words
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156 1989-12-23 5 AFP JAPANESE Finance Minister Ryutaro Hashimoto said yesterday he saw no need for the Bank of Japan. the central bank, to raise its official discount rate further. "Japan is not under circumstances which require a change in its basic perception on prices,''AFP - 156 words
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Article82 1989-12-23 5 AFP THE FIRST joint West Ger-man-Hungarian bank, Oeutsch-Ungarische Bank AG. was founded in Frankfurt on Thursday. Deutsche Genossenschaftsbank (DG Bank), the bank's main shareholder, announced. Fifty-five per cent of Oeutsch-Ungarische Bank AG's capital of 44 million Deutsche marks are held by Hungary's National Bank and the HungarianAFP - 82 words
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550 1989-12-23 5 Reuter AN ACCOUNTING RULE that will make it harder for many US banks to pay dividends next year may pressure some banks, particularly Citicorp, to boost loan-loss reserves before year-end, analysts said. By hurting the ability of banks to payReuter - 550 words
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426 1989-12-23 5 Bernama BANK ISLAM Malaysia Bhd (BIMB). plans to launch a unit trust fund possibly next year to enable investors to realise long-term capital gains, BIMB managing director Datuk Dr Abdul Halim Hj Ismail said yesterday. Prospects for the fund look good in viewBernama - 426 words
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Article, Illustration460 1989-12-23 5 HONG LEE TIAM - POSB MAY JOIN IN THE TUSSLE By HONG LEE TIAM A KEEN TUSSLE between OCBC Bank and United Overseas Bank for children's savings is brewing with the launch of the UOB Fun Savers Account earlier this week. The new UOB service, targetted at460 words
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155 1989-12-23 5 Reuter HONGKONG'S banking capital adequacy ratios will be increased, effective Dec 31. to bring them in line with international banking supervisory standards set by the Basle Committee. "The new standards are adopted to maintain Hongkong's position as a major international banking centre." a governmentReuter - 155 words
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Page 5 Advertisements
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Advertisement37 1989-12-23 5 Caption Contest Result 'It's been like this ever since he attended a seminar on horizontal thinking.' Congratulations to S Prabhu, IC Number *****18F, for winning our Taking Cover caption contest which appeared In BT on Dec 12,1989.37 words
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Advertisement53 1989-12-23 5 SINGAPORE^ "OLDEST" CARPET KSTABI.ISHMKNT WE ARE NOT PERFECT. THAT'S WHY WE ARE GROWING. (Exclusive Select) CARPETS PERSIAN PAKISTAN AFGHAN CHINESE RUMANIAN KILIMS: PERSIAN MOKOCCOX TURKISH YEAR-END SALE 60% TO 65% OFF AMIR SONS l?d (SIWK 19LM) #(K)-0l Lucky I'laza. !»04 Orchard Road. Singapore Tel: ir.rmx:; 7:»un iii W Ioam-7pm Sunday:53 words
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Page 5 Miscellaneous
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Miscellaneous37 1989-12-23 5 OLLAR$ AND NON$EN$P V $32 m\ •x ,-rm 1 S\' i p Wi |w? it \l i5»'V ,«i tela I 1 I l > L fe m f -i i\ f\ V- i w r..t ,f% «g£* TC&l'37 words
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COMMODITIES
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324 1989-12-23 6 Reuter NORWAY will produce oil at 5 per cent below full capacity in the first half of 1900. reducing a previous 7.5 per cent curb, the oil ministry said. "The government has decided to limit production by 5 per cent in the firstReuter - 324 words
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293 1989-12-23 6 Reuter THE US Commodity Futures Trading Commission said it had banned Nelson Bunker Hunt, who was charged with manipulating the silver futures market in 1979 and 1900. from trading on all commodity exchanges. Hunt had accepted the order and agreed to payReuter - 293 words
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Article189 1989-12-23 6 THE Kuala Lumpur Tin Market (KLTM) cloeed 10 see higher at Mslo.oo a kg yoelerday, extending Thursday's galea, on followthrough support, dealers sold. "The London market waa up egaln and Increeeed buying keep coming Into KLTM ton Europe Jaam AM MAAIAr wiw WVIVI said, adding that prlcee should189 words
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Article136 1989-12-23 6 Telerate SENTIMENT for fuel oil was stronger In Singapore following the firm Nymex close. Deals were done for second-half January CSTIBO at $105 mt fob Sing and for first-half January CST3BO at $104.15 mt cif Sing. A refiner bought 45,000 mt of end-Jan CSTIBO at $114Telerate - 136 words
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Article247 1989-12-23 6 BINQAPORE: Rubber prices yesterday closed little changed, with Jan 1 RSS buyer quoted at 101.00 cents a kg. unchanged from Thuraday'a close. The market remained very quiet throughout the afternoon session, with prices holding steady at overnight levela, dealers said. Most operators were away for the long Christmas weekend.247 words
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Article328 1989-12-23 6 RAS prices In S c«nto/fcg. FOI In bah* NOON CLOSE Boyors StN^ft Int 1 RSS Prompt 159.00 160.00N 159.00 160.00 Int 1 RSS Jon 90 161.00 161.50 161.00 161.50 tat 1 RSS Fob 164.00 164.50 164.00 164.50 Int 2 RSS OF 155.00 157.00N 155.00 157.00N Int 3328 words
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Article508 1989-12-23 6 MALAYSIAN CRUDE PALM OIL FUTURES closed marginally lower in moderate trading on the Kuala Lumpur Commodity exchange (KLCE), with operators mainly sidelined. Trading was quiet and within a narrow range as there were no fresh (actors to prop up the market. Most operators were already in a pre-holiday508 words
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Article196 1989-12-23 6 Chinese Produce Exchange Sellers' non dosing prices on Dk 22 (S$/100 kg) Coconut oil Bulk FOB 81.00 Oid drum FOB 91.00 New drum FOB 95".00 Copra Mixed (loose) 42.00 sell«rs Pepper **-ui<.ni i ihl>« fiWnOw WTHfw FOB NLW 422.50 Sarawak whit* FOB faq NLW 412.50 Sarawak special blade196 words
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Article196 1989-12-23 6 Lonaon Commodity Exchange Buyer/Seller closing prices on Dec 21 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Jan 643/644 643/645 High/low 650/642 Mar 642/643 640/642 High/Low 643/652 Sok» (4327) Cocoa Dm 640/641 (643/645) High/Low 646/640 Mor (629/630) 625/642 HJgh/Low 633/629 Sales (1748) Sugar No 6 FOB (US$/tonne)196 words
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Article140 1989-12-23 6 Reuter CBOT soft red winter (SAW) wheat futures closed fractionally mixed in quiet dealings on Thursday. The frigid weather across the US had a net neutral impact on prices, with deteriorating transportation problems offsetting the bullish impact of the recent spurt of export interest and slow country movement tradersReuter - 140 words
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Article141 1989-12-23 6 Reuter CBOT SOYBEAN futures closed higher on Thursday, supported all day by gains in the nearby soyoil pit after a government report released before the opening showed record usage in October, traders said. The outlook for continued large soybean crushings in the coming weeks, despite tight available supplies ofReuter - 141 words
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Article1610 1989-12-23 6 AT CONVENTlOlfkft. WHARVES VmmI Voy Arrival Dapartura K appal WiarvM Anongel leod 27AeG9 K17 olongtide 22 12/1330 Boiyiftthon II JOS alongside 2212/ 1800 Cofol Pcess SOI IP) |C|t '(alongside 2212/ 1745 2/89 K29 olongsioe 28 12/ 2300 tb« MoiA 86WB f KU alongside 24.12/ 2359 inobukwo 34/891,610 words
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Page 6 Advertisements
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Advertisement91 1989-12-23 6 Contact telephoy nambers (Tanjonq Paqar Terminal) Section 1 V-v Section 2 Section 3 Berth telephone J Berth telephone Berth telephone CI-*****20/*****92- V C 4 *****24 C 8 —*****63 CIN —*****20 C 5 *****43/*****45 C 9 *****84 CIS *****92 CSN —*****43 CIO —*****70 C 2 *****51/*****53 CSS *****45 Cl 2 *****54/*****4291 words
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COMPANIES & MARKETS
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Article, Illustration343 1989-12-23 7 LIM MUI KHI - By LIM MUI KHI GOVERNMENT-BACKED trader Intraco has won three contracts from Singapore Telecom, the Public Utilities Board and Raffles Hotel worth a total of $40 million. The two deals with Telecom and PUB, at almoet $30 million, are the largest clinched by343 words
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406 1989-12-23 7 ANA HOTELS Singapore Ltd, the owner of the Century Park Sheraton at Nassim Hill, has a new substantial shareholder in Wetime Investment Pte Ltd. Wetime Investment announced earlier this week that it had acquired 2.6 million sharea, representing 5.42 per cent406 words
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Article572 1989-12-23 7 WHAT'S IN WHAT'S OUT Malaysian stocks Malaysian stocks 1. AJcom 66. M Cement 1. Aokam 2. MSB 67. M Glass 2. Bata 3. Amal Steel 68. MMC 3. Carisberg •4. Antah Holdings 69. MRCB 4. D. Keramat 5. API 70. MTC 5. Dutch Baby *6. AMMB 71. MUI572 words
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337 1989-12-23 7 WILLIAN CHIA - By WILLIAN CHIA HTP HOLDINGS Ltd. a member of the diversified Jack Chia-MPH group, has restructured its New Zealand property business following approval of its acquisition by the authorities. HTP said yesterday that its wholly-owned subsidisry. Icarian Equities Ltd. has received approval from337 words
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277 1989-12-23 7 ANT AH HOLDINGS, through its wholly-owned subsidiary Antah Overseas Holdings, has agreed to subscribe for a 32.5 per cent stake, valued at £3.57 million, in Unigroup pic, a listed UK company. Unigroup's principal activities are the manufacture and distribution of timber277 words
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Article, Illustration485 1989-12-23 7 ROSIE TAN - Group profit jumps 50pc to $22.5 m By ROSIE TAN WEARNE BROTHERS, porting a 50 per cent jump in group net profit to $22.5 million for the year ended Sep 30. 1980. it banking on the success of two of ita newly introduced485 words
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525 1989-12-23 7 NBT MOUNT PLEASURE Holdings is expected to complete, in s couple of months, its masterplan for the next five years, which will emphaaiae houaing development. Chairman Datuk Low Yow Chuan aaid the maaterplan will include market aurveys and the company'a propoeed development ofNBT - 525 words
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208 1989-12-23 7 Bernama THE KUALA LUMPUR Stock Exchange (KLSE) will investigate cases of insider trading involving stockbroking firms, chairman Nik Mohamad Din Datuk Nik Yusoff said. "Investigation on those other than stockbrokers. either merchant bankers, company directors or others, is not within the exchange's jurisdictionBernama - 208 words
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Article723 1989-12-23 7 Cowot fa Ml OJJ. Tjjrtiw £J<«W iinTi' A I S B 12%» Ok 27 Jon II Jo* 23 12% »0% AMD! 2%M Nov 14 No* 30 Ok0 2% "X, Amol Stool 8%TEW Nov 30 Ok 14 Jan 22 «%tl 0%Tt Avfcno 15%TE M> 28 Mar 12 May IS723 words
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133 1989-12-23 7 RESORTS WORLD Bhd. a subsidiary of Oenting Bhd. made a strong debut on the Kuala Lumpur Stock Exchange, benefiting from the current firm undertone of the bourse. The shares reached a peak of MS6 against the offered price of M 52.30. but ended133 words
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SES
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Article, Illustration774 1989-12-23 8 ABDUL HADHI - -By ABDUL HADHI THE SINGAPORE stock market continued to trade higher yesterday with the main barometer, the Straits Times Industrials Index, now barely 20 points points from its all-time high of 1,505.40 set in August, 1987. The Straits Times Industrials Index hit774 words
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Article230 1989-12-23 8 Rises HNogora 550 +12.2% +60 Not Iron Wrts 256 9.4% +22 ApoMo 312 7.6% +22 H Prop Wrts 91 90 +7.1% +6 M loyal 398 +7.0% +26 King* 372 +6.3% +22 Marco Polo Wrts 122 +5.2% +6 Somb Martttmo 203 +5.2% +10 Somb Ship Wrts 185 +4.5% +8230 words
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Article238 1989-12-23 8 Rises Dayapi Ind 260 54£% +92 Gondo Hldgs 81 Vi +18.1% 12J4 Pronwt 84 +13.5% +10 Faimco Hldgs 131 +11.0% +13 M8f Hldgs 50* 64* +9.3% +5K f K Swrtosa 126 +8.6% +10 G«erg* K«rt 50# 156 +7.6% +11 M-ropUx 50# 101 +7.4% +7 lmat*x 47 +6.8% +3238 words
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Article299 1989-12-23 8 Manager*' prims Royal Trust Asset Mgt for Dec 23/26 it S po<« G> hod 096 102 IT Asia-toe Gr Fund 107 113 Singapore Unit Trust th» couhk'ci 125 132 OCBC-Asset Mgt Tk« SorMQi Fund I0S 112 Sa»»»j Coprtol Fund 1.12 1.17 S'pon Prog Fund 048 052 Sav*r» Trutt299 words
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Article51 1989-12-23 8 ROTHMANB INDUSTRIES LIMITED: EQM at th« company's registered office. Virginia Park. 905 Bukit Timah Road, Singapore 2156. on Dec 25. Monday, at 11am BENTA PLANTATIONS BERHAD: 67th AGM at the Pahang Room. Lower Lobby, Shangri-La Hotel. 11 Jalan Sultan Ismail, ***** Kuala Lumpur, on Dec 28. Thursday, at51 words
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SES SHARE INFO – S'PORE STOCKS
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5569 1989-12-23 8 SES SHARE INFO SESDAQ STOCKS Qr*s Or's 1000 Tal Last Vol Day Last Quote Dtv D»v Y'M Mat M Cap HWi Law Coda Company 8ala -far- ('000) High Low Buyar SaNar Cw P/l Smll DEC 22 8E80AQ 179* 80" t 4000 Amtak Eng 20# ISO -1 336 151 190 1405,569 words
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KLSE
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Article483 1989-12-23 9 STRONG buying support brought share prices to a firmer cloee on the Kuala Lumpur Stock Exchange yesterday. Despite the emergence of profit-takers who took advantage of the recent sharp run-up in values, prices were still generally above Thursday's closing levels. Interest was selective with low and mid-priced483 words
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Article, Illustration1320 1989-12-23 9 AZMAN AHMAD TERMIZI - By AZMAN AHMAD TERMIZI Bernama THE KUALA LUMPUR Stock Exchange (KLSE) has gone through a momentous year and is all set to come of age as it enters the Nineties when it can be expected to score even more successes.Bernama - 1,320 words
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REGIONAL MARKETS
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Article, Illustration1320 1989-12-23 10 Hongkong SHARE PRICES shot up to another pott-June 4 record ctoeing supported by news about a plan by Bei-jing-owned Citic to buy a significant minority intereet in Hongkong Telecom. The Hang Seng Index roae 53.33 points, or 1.86 per cent to 2,921.02 and the1,320 words
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Article, Illustration526 1989-12-23 10 Tokyo Reuter TOKYO ahare pricea closed broadly weaker but above their lowa yeeterday after interest rate Jitters sent the market on a roller coaater ride from early rises to sharp falle. The key Nikkei index gyrated in a range over 550 yen in thin trading. Investment trustReuter - 526 words
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688 1989-12-23 10 Reuter THE RECENT Tokyo market rally is like a New Year's rice cake, Japanese stock traders say. Like pounded rice, the key Nikkei index has shown resilience after steady hammering by technical corrections and concerns about volatile currencies and higher interest rates. AndReuter - 688 words
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Article387 1989-12-23 10 Reuter BRITISH cement and building material* group Blue Circle Industrie* pic yesterday said it made an agreed bid for central heating and engineering firm Myson Group pic which values Myson at £197.5 million. The bid is pitched at 240p a share in cash, with shareReuter - 387 words
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Article, Illustration475 1989-12-23 10 Sydney Reuter OVERSEAS and local demand for quality induetrtal stocks yesterday booeted Auatralia's shars market to a firmer cloae in a shortened trading session before the Christmae break. The All Ordinariea Index roae 7.3 pointa to 1,645.5. It haa gained 26.4 over the week in quiet tradingReuter - 475 words
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333 1989-12-23 10 NYT DAI NIPPON Printing Co (DNP). Japan's loading printing company and the world's largost maker of projection televiaion screens, haa reached an agreement to purchaae Oaniah projection TV screen maker Scan Screen Production A/S from DanVenture Invest A/S. The move, announced byNYT - 333 words
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181 1989-12-23 10 AFP THE BECHTEL GROUP, major US construction company, has won its first construction contract in Japan. Although tha company has had a Japanass construction licence for some time, and was the first US company to get such a licence. it had previoualy been restrictedAFP - 181 words
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Article107 1989-12-23 10 Reuter TOYOTA Motor Corp plans to inveet over 400 billion yen In calendar year 1990, up 5.3 per cent from 380 billion yen last year, Toyota president Shoichiro Toyoda told reporters. Half of the 400 billion yen will be used for research and development of newReuter - 107 words
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Article396 1989-12-23 10 Reuter STRONG GAINS by heavl-ly-waiQhtad banking •locks pushed the Taiwan stock index to a higher close yesterday despite weakness in almoet every other sector, dealers said. The weighted index roee 151.63 points, or 1.7 per cent, to close at 8.667.74 against Thursday's 6.516.11 dose. Turnover wasReuter - 396 words
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Article202 1989-12-23 10 Reuter THE NEW ZEALAND bourse yesterday posted its highest daily gain since Oct 31 as moat blue chips firmed several cents apiece on shortage of scrip in moderate morning trade. There waa no afternoon seesion yesterday and the market reopena next Wedneeday for what brokers expectReuter - 202 words
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Article181 1989-12-23 10 THE SET Index gained 5.32 pointa to cloee at 942.54 yeeterday. Turnover waa 14.054,299 shares worth 2,095.99 million. The Bookclub Index roee 4.79 points to 737.29. Reuter OK M BANT +J. Amarican Standard. Ao Kham Thai 570 uneh Ayvdhya tnvaatmant SO -1 Bangkok AfO Ind..... 83 uneh181 words
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Article170 1989-12-23 10 Reuter SEOUL STOCKS rose in active trading as institutional buying offset heavy individual selling yesterday. brokers said. The compoeite index near the cloee stood at 936.30, up 3.64 points from Thursday's finish. Turnover was 663.6 billion won compared with 711 billion in the previous session. "It's theReuter - 170 words
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Article100 1989-12-23 10 Reuter DETERGENT maker Unggul Indah Corporation (UIC) and Hotel Prapatan dominated the Jakarta stock market yesterday, and brokers said the sentiment was bullish ahead of the new year. "Buying-interest is getting higher. Players believed it's a good time to buy because they expect prices will move upReuter - 100 words
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Article179 1989-12-23 10 PHILIPPINE shares rote on bargain-hunting yesterday but turnover dropped aa market participants became fewer, with most long-term investors staying on ths sidelines. The Manila Stock Exchange Composite Index cloeed 26.28 points higher at 1,074.96 from Thursday's 1,046.66. Total value of transactions on Manila's two bourses179 words
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Article100 1989-12-23 10 Reuter BOMBAY share prices ended trading for calendar 1968 on a bullish note yesterday, recovering from a sluggish start on heavy institutional buying brokers said. The Bombay Stock Exchange Index roee 11.69 points to 778.64 and roee 112.38 during 1966. The National Index of five main exchanges,Reuter - 100 words
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WORLD MARKETS
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Article1757 1989-12-23 11 Reuter ZURICH: Swiss shares traded slightly lower on low volume around mid-session yeeterdsy, dealers said. "Virtually nothing happens. All we see is a bit of window dressing," one dealer said. The all-share Swiss Performance Index stood at 1.122.g after an initial 1,124.8 and 1.124.6 on Thursday. TheReuter - 1,757 words
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506 1989-12-23 11 Reuter INDUSTRY sources said Nixdorf management board chairman Horst Nasko wants an outside shareholder to take a minority stake in an attempt to boost the company which had third quarter 1960 pre-tax losses of 168 million marks. Some share analysts said the minority holding couldReuter - 506 words
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426 1989-12-23 11 FT THE CHINA International Trust and Investment Corporation (Citic) is negotiating to buy a stake ol between 10 and 20 per cent in Hongkong Telecommunications from Britain's Cable and Wireless, which owns 75 per cent of the company. The propoeed purchase isFT - 426 words
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Article, Illustration865 1989-12-23 11 London Reuter LONDON SHARE PRICES Opened mixed yesterday but with a slightly firmer edge in light trading ahead of the Christmas holiday period. Dealers expected the market to trade narrowly. The FTSE index cloeed yesterday at 1530 GMT. compared with 1700 GMT usually. Whitbread was 4p lowerReuter - 865 words
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Article, Illustration791 1989-12-23 11 New York Reuter BARGAIN-HUNTING lifted US stocks to a modestly higher close on Thursday but concerns thst the Federal Reserve may have eased credit too late to stavs off a recession dampened any year-end cheer, analysts said. The Dow Jones Industrial Average rose 3.20 points toReuter - 791 words
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Page 7 Advertisements
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Advertisement9 1989-12-23 7 MANAGERS MUST MANAGE BT shows you how ever Monday9 words
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Page 8 Advertisements
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Advertisement12 1989-12-23 8 A Treasury of (thf&a Alpine Pleasures at Chesa Hotel Equatorial Tel: *****3112 words
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Page 9 Advertisements
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Advertisement10 1989-12-23 9 A Sichuan Culinary Heritage Y 1 at Golden Phoenix 110 words
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Page 10 Advertisements
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Advertisement359 1989-12-23 10 NOTICES M THE HATTER OF THE COUP AMES ACT, CAP. 80 ANO M THE MATTER OF ALCON SINGAPORE PTE LTD (In Membere' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of tie members of tie abovenamed company duly convened and held at 36, Robinson Road, #18-01 City House,359 words
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Advertisement278 1989-12-23 10 IN THE MATTER OF THE COMPANIES ACT. CAP 90 AND IN THE MATTER OF GLOBE TEXPORT AGENCY PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Notice Is hereby given pursuant to Section 308 of the Companies Act Cap 50 that a Final Meeting of the Members of the abovenamed Company will be278 words
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Page 11 Advertisements
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Advertisement9 1989-12-23 11 Managers must manage. BT shows you how every Monday.9 words
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Advertisement602 1989-12-23 11 A The Bank of Yokohama, Ltd. > (Incorporated in Japan with Limited Liability) Balance Sheets Statements of Income March 31, 1999 and 1968 Years ended March 31, 1909 and 1968 Millions of Yen Millions of Yen 1999 1988 1909 1988 ASSETS: INCOME: Cash and due from banks 1,863,914 1,674,733 Interest602 words
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584 1989-12-23 12 REGION'S DEVELOPING NATIONS REMAIN WORLD'S FASTEST-GROWING AFP ECONOMIC GROWTH in most developing Asian-Pacific countries averaged 6 per cent this year, down from 9.1 per cent in 1968, a senior UN officer said in Bangkok yesterday. Shah Kibria, executive secretary of the UNAFP - 584 words
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234 1989-12-23 12 AP SOUTH KOREA'S export-oriented economy will continue to experience difficulty and grow only 6.5 per cent next year with higher inflation and unemployment, officials in Seoul said yesterday. In a report to a meeting of top government officials and ruling and OppositionAP - 234 words
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420 1989-12-23 12 AFP A HIGH COURT yesterday rejected a bid by a former chief miniater turned government critic to alter Malayaia'a election rulea to enaure secrecy of balloting. Judge Euaoff Chin said that Harun Idria, a former chief minieter of Selangor, was not juatifiedAFP - 420 words
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LATE FILE
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Article48 1989-12-23 12 AFP VIETNAM yeeterday condemned China for having built an air base on the disputed Paracaf islands. "This act by China violates not only the territorial sovereignty of Vietnam, but createe a major source of concern for other countries in the region," Hanoi said. AFPAFP - 48 words
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Article31 1989-12-23 12 Reuter THE LEADERS of East and West Germsny officially opened the Berlin Wall at the historic Brandenburg Gate yeeterday, symbolising the wave of freedom sweeping Eaatem Europe. ReuterReuter - 31 words
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Article39 1989-12-23 12 AFP GULF Arab oil states are unlikely to reach agreement on a customs union in the nesr future and their relations with the EC could remain uncertain aa a result, Gulf area diplomats warned. AFPAFP - 39 words
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Article23 1989-12-23 12 Bernama A MALAYSIAN minister denied yeeterday that Proton Saga which were exported were better than those sold in Malaysia. BernamaBernama - 23 words
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221 1989-12-23 12 Bernama THE INDONESIAN Armed Forces yesterday denied foreign media reports that hundreds of people had been arrested in Irian Jaya, the country's easternmost region, which shares a common border with Papua New Guinea. Armed Forcee spokesman Briga-dier-General Nurhadi Purwoeaputro said in Jakarta thatBernama - 221 words
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201 1989-12-23 12 AP US TROOPS chased stubborn bands of Panamanian fighters loysl to ousted leader Manuel Antonio Noriega through parts of the capital yeeterday, but the general himself defied capture. Fighting intenaified as two US aircraft bombed enemy positions in Panama City late onAP - 201 words
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Article58 1989-12-23 12 NST JOHOR BARU now has the highest hotel occupancy rate in Malaysia, according to State Tourism and Social Development Committee chairman Datuk Jimmy Low. He said yesterday that hotels in the town registered 92 per cent occupancy. compared with 45 per cent three years ago,NST - 58 words
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Article64 1989-12-23 12 MEMBERS of the Select Committee to look into the issue of Nominated Members of Parliament have been chosen. Heading the eight-mem-ber committee Is chairman Tan Soo Koon, Speaker of Parliament The other seven members are Mr Qoh Chok Tong, Professor S Jayakumar, BQ (Res) Lee Hsien Loong. Mr64 words
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302 1989-12-23 12 AFP JAPAN will seek inflation-adjust-ed economic growth of 4 per cent in fiscal 1990 starting next April 1 based on robust domestic demand and increased imports, according to a government paper approved by the Cabinet yesterday. "This rate canAFP - 302 words
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Article58 1989-12-23 12 AFP COMMERCIAL public savings held by private Indonesian banks in November for the first time in four years surpassed those held by state banks. Antara news agency said yesterday. Private banks held about 1.5 trillion rupiah (US$B35 million) or about 60 per cent of the country's 2.3 trillionAFP - 58 words
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455 1989-12-23 12 By FOO CHOY PENG, Hongkong Correspondent HONGKONG'S economic troubles created by China's political unrest are "something of a dou-ble-edged sword" for Singapore, according to a risk analysis firm based in the colony. Indeed, Political Economic Risk Consultancy Ltd, in its lateat quarterly report455 words
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181 1989-12-23 12 Barnama MALAYSIA saved Ms7oo million in operating expenditure and M 51,400 million in development expenditure under this year's budget estimates because the Telecoms Department was privstised, Deputy Energy. Telecoms and Posts Minister Haji Abdul Qhani Othman told Parliament yesterday. He said the amountBarnama - 181 words
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Article148 1989-12-23 12 Slock Indfeee Friday ST Indualrlol* Mm *****7 (+12.13) BT Compodte Max 1,316.33 952)) HK Hang Seng Index 2,921.02 +53.33 Tokyo NMdcol Avorogo 36,040.37 (-175.11) Sydney AM-Ortfnarfoc 1,6455.( 7.3) Tbunday Now York (Dow ionos) 2,691.13( 3.20) London (FT 30 Mox) 1,858.8(-7.2 S^uSSoyon 1-***** M S$ 1.9025 t» U551.6115148 words
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Article33 1989-12-23 12 COMEX GOLD futurM pdgad up yoatarday morning on small buying in thtfi praChristmas dealings. The February gold delivery roee US$l.lO to UBs4l«.eo an ounco and deferred* had •lightly larger gain* of US$l.3O.33 words
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Page 12 Advertisements
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Advertisement66 1989-12-23 12 SinGAPORE AIRLinES LimiTED (Incorporated in the Republic of Singapore) ANNOUNCEMENT SINGAPORE AIRLINES LIMITED hereby gives notice that as at 22 December 1989: (i) the issued share capital of the Company is *****,273,111; (ii) the interests of foreign persons has reached the prescribed percentage of 27.06% of the issued share capital66 words
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Advertisement10 1989-12-23 12 Ships flying Panama flag naad not raflag vaaaata, Paga 310 words
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Advertisement343 1989-12-23 12 I Be a 3-in-1 Contest winner 3 times and shop at SOGO on us Business Times will be published as usual on Christmas Day. If you do not receive your copy, please check with your vendor. Business Times will not be published on Boxing Day, Tuesday, HOW TO ENTER December343 words
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Advertisement8 1989-12-23 12 Tho aNver raport was not avallabl« aft praaa^kaa8 words
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Executive Lifestyle
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Article227 1989-12-23 13 HERE'S one Christmas card to beat most other Christmas cards. The South China Morning Post discovered one with a photograph of Deng Xiaoping, supreme Chinese leader, looking rather worried. "My designated successor is ..says the caption. Below him are four faces, each with the dates during227 words
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857 1989-12-23 13 ASAD LATIF - Christmas celebrations mean many things to many people. ASAD LATIF suggests here that the mystic's joy, however difficult to achieve, might hold a lesson or two lor mortals in search of the true, real spirit of the season. ASAD LATIF MYSTICS ARE857 words
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Commentary
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Article, Illustration1546 1989-12-23 14 MILTON FRIEDMAN - MILTON FRIEDMAN This opinion piece by the notod American economist first appeared in the Financial Times. D(BCUSSIONS of the prospects tor s monetary union within the European Common Market have generally neglected the difference between two superficially similar but basically very different exchange rate arrangements.1,546 words
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Article, Illustration783 1989-12-23 14 MONICA GWEE - MONICA GWEE The writer it a Singaporean working in Hongkong. HO, HO, HO. Time to do sums to see what's left of the bonus after deducting Christmas expenees. Yes. folks, it's December, the season of generoeity and goodwill. The season of exhaustion. At about this783 words
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Article, Illustration537 1989-12-23 14 MAGDALENE NG - MAGDALENE NG The writer is on BT'a Companies Desk. THERE'S SOMETHING about Christmas that warms the heart and reminds me that kindness does exist in this world. It could be the weather the sound of pelting rain that's so much a part of this time537 words
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113 1989-12-23 14 HENRY TAN - Letters to the Editor HENRY TAN Deer Sir, It wu reported in the newspapers on Dec 20 that Labour Minister Lee Yock Suan preferred curbs on foreign maids in order to minimise the long-term social effects of having Singaporean children raised by113 words
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113 1989-12-23 14 PETER E ROUSE - PETER E ROUSE Oear Sir, I refer to the article. "Mixed reactions to Jakarta's first patent bill" (BT, Dec In that article. I am quoted as having said in an article published in Triple I magazine that "at present ver* tew113 words
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124 1989-12-23 14 D W DISTANT - D W DISTANT Omt Sir, Recently, while approaching the main entrance of the post office at Fulierton Building after 6pm, I saw a long queue and for a moment thought a new agency for the sale of 4-0 and Toto had been124 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration293 1989-12-23 15 Yes, we know your Christmas turkey 1 hasn't even begun to be a leftover yet but if you don't make plans now, chances are there won't be any to make come New Year's Eve. So let your eyes do the wavering through EL's guide to what's inebriating293 words
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Article, Illustration779 1989-12-23 15 Roger Loh - VS& Roger Loh ROBERT PALMER: Addiction* Volume 1 (toland) Appearances have determined the success Robert Palmer has enjoyed these past few years. Dubbed the "Fraud of Funk". Palmer's brand of white soul is targeted at snobs who have probably discussed his expensive suits and779 words
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Article, Illustration853 1989-12-23 16 N K YONG - By N K YONG IF THE MOUNTAIN cannot come to Mohammad, then Mohammad must go to tha mountain. But this tima, tha mountain did come to Mohammad. Tha mountain in this casa being Chateau Pichon Lon-gueville Comtesse de Lalande, in the person of Madame Herve de853 words
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928 1989-12-23 17 RICHARD SEAH - HEALTH By RICHARD SEAH CHRISTMAS. Christians believe, is God's gift to Mankind. It was not an ordinary kind of gift; certainly not something the people expected. But it left a lasting impact. No, this is not going to be a homily928 words
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Article, Illustration282 1989-12-23 17 FOOD TURKEY. A bird, big and brown, on the dinner table. At some Christmas spreads, the fowl shares table space with its cousin, the chicken. Why? Well, nothing earth-shattering; just a mere disinterest in this big bird. While many of us rave over the traditional turkey at282 words
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Article, Illustration959 1989-12-23 17 STAQE PERFORMANCES: Once Upon A Tim*. Le Meridien Singapore celebrates Christmas with Yuletide melodies sung by the Commonwealth Secondary School choir. Today and tomorrow from 7pm to 7.30pm, and on Christmas Day from noon to 12.30pm. Sri Ayu Faatlval '99. From Dec 25 to Jan 1, Sentosa Development Corporation959 words
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Donde Este Santa Claus?
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Article, Illustration541 1989-12-23 18 DAVID THURBER - Are the Christmas ligjits brighter on the otter side? Is there snow in San Salvador, and will Santa ride his sleigh into Finland or will he take the train? EL travels through airspace and news agencies to bring you this report on Christmas around the world by DAVID THURBER541 words
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Article174 1989-12-23 18 DEBORAH ZABAREMKO - -»r DEBORAH ZABAREMKO THE CHRISTMAS SEASON is becoming a prime time for terrorism againat the United States and Western interests, US government and other experts say. Nearly a year after the fatal bombing of Pan Am Flight 103 over Lockerbie. Scotland, analysts say thia Yuletide could bring a174 words
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Article269 1989-12-23 18 TONY CZUCZKA - -By TONY CZUCZKA CHRISTINE ECKERMANN remembers that "over there, you had to tie three Christmss trees together to make a decent one." Eckermann, her friend Uwe Buschard and her six children have few regrets about leaving East Germany a month ago. In good spirits, they talk about how269 words
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Article304 1989-12-23 18 DOUGLAS GRANT MINE - by DOUGLAS GRANT MINE GLAD TIDINGS and signs of peace on Earth are scant among the bullet-pocked facades of the humble homes of Conacaste. The family of ElpkJio Verdugo set up a one-meter artificial Christmas tree and draped it with a string of tiny lights thst hardly ever304 words
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Article, Illustration195 1989-12-23 18 NEVILLE STACK - By NEVILLE STACK OUR GOVERNMENT'S ATTEMPT to control inflation by a whopping interest rate of 15 per cent has produced a glad-and-sorry pre-Christmas here. The good news (for the Treasury) is that demand has decreased dramatically. The bad news (foi'jkeryone else) is that we are being priced out of195 words
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Article419 1989-12-23 18 NIGEL STEPHENSON - row By NIGEL STEPHENSON SANTA CLAUS is using computers and videophones to spread Christmas magic to the world's children irom his home in chilly Lapland. Computers sort a rn ait-bag of 600,000 letters from children around the world written to the legendary charadter at Santa Claus Village, the biggest419 words
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Article274 1989-12-23 18 MTCHELL LANDSBERG - -By MTCHELL LANDSBERG A SIGN IN New York City's main but depot warns: "The holidays are here. PLEASE. Watch your belongings." A survey of Christmas 1909 has found plenty of activity on the dark side of the holiday: In West Chester, Pennsylvania, a man dreeeed aa Santa Claus274 words
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Article, Illustration1340 1989-12-23 19 JEFFREY TSANG - Thinking of quitting smoking, but don't know what to do with all those cartons you bought at the airport duty-free shop? Take a trip beyond the Iron Curtain, where you'll be better prepared than non-smoker JEFFREY TSANG, who discovers you can get more than just lungPtcturm by Jefrey Tsang - 1,340 words
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Article, Illustration455 1989-12-23 24 SAMUEL EE - CINEMA By SAMUEL EE Daddy, daddy, why are you always ao tense in this movie? Well, it sure as heck's easier than trying to be funny. But daddy, aren't you supposed to be funny? isn't this supposed to be a comedy about parenting?455 words
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Executive Lifestyle: Sports
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Article, Illustration347 1989-12-23 20 A SURENDREN - GOLF By A SURENDREN TWO YOUNG MEN hsvs been chosen to represent Singapore in the Jakarta Junior Invitational Tournament, courteey of Busineee Times, Singapore. Howard Wan and Eugene Oei made the grade when they topped the Yokohama Junior Golf Championship held at the347 words
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396 1989-12-23 20 AP THE EAST GERMAN sports ledenltion said on Thursday it supported a bid by Barlin tor either tt# 2000 or 2004 Olympic Games, and West German sports officials vfllcomed the announcement from the other side of the divided city. •"Our position isAP - 396 words
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253 1989-12-23 20 Reuter THE BOOMING European golf tour will offer more than £16 million (about U5525.75 million) in prize money in 1990. an increase of 16 per cent on this year, it was announced on Thursday. Ken Schofield, the executive director of the PQA EuropeanReuter - 253 words
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478 1989-12-23 20 JEROME FANDOR - on TMCK With JEROME FANDOR THE FINAL race of 1989 starts this weekend. Penang is the traditional venue for this festive season meet, with the final classic, the Governor's Gold Cup, to be run on New Year's Eve. Teh Choon Beng478 words
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Article, Illustration520 1989-12-23 20 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY BRITAIN'S Junior Team of John Pottage, Andy Robson, Derek Patterson, John Hobson, Gerald Tredinnick and Stuart Tredennich won the 2nd World Junior Championship at Nottingham, England, from Aug 4 to 11. Ably led by their non-playing captain Raymond Brock and520 words
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447 1989-12-23 20 SOCCER AP ITALY and Argentina, two of the top contenders in the 1900 World Cup. played to a lacklustre goalless draw in their exhibition match on Thursday. The game, organised in preparation for next year's competition. failed to live up to expectations,AP - 447 words
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Article, Illustration225 1989-12-23 20 BASKETBALL AP MIAMI'S Grant Long was about to shoot whan Doc Rivars made tha ataai that praaarvad a 117-115 victory for Atlanta. In Thursday's othar National Baskatball Association gama, tha Saattla SuparSonics baat tha Portland Trail Blazara 123-102. River's theft cama after a Dominique Wilkins fraaAP - 225 words
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198 1989-12-23 20 BOXING AP DENNIS ANDRIES has priced himself out of s re-match with World Boxing Council lightheavyweight champion Jeff Harding of Australia, promoter Bill Mordey said yesterday. Detroit-based Briton Andries was knocked out in the final round of his title defence against Harding in AtlanticAP - 198 words
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Article, Illustration326 1989-12-23 20 MOTOR-RACING BEHIND-THE-SCENES pressure from the French government has almost certainly saved the Le Mans 24-hour race from being dropped from next year's world sports car championship. Jean-Marie Balestre, the president of Fisa, motor sports' ruling world body, had a surprise meeting with326 words
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300 1989-12-23 20 AP IN A SIXTH-ROUNO of sports talks at tha bordar village of Panmunjom inside tha Demilitarised Zone. North Korea took a soft stance and accepted all remaining South Korean preconditions to forming a joint team for the Beijing Asian Games. After agreeing previouslyAP - 300 words
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Executive Jobs
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Article, Illustration1166 1989-12-23 21 DAVID MARCHINGTON - Hotly pursued, he's a precious commodity in the dizzying world of high finance, netting as much as $180,000 yearly. But, that's just for starters. However, the makings of a corporate finance specialist or a fund manager need more than just straight As, writes DAVID MARCHINGTON.1,166 words
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Article, Illustration251 1989-12-23 21 SCIMITAR Asset Management, the investment management arm of the Standard Chartered Group, haa named Richard Law as managing director of its Singapore company. Mr Law has extensive experience in investment banking, and was last with Morgan Qrenfell (Asia) Ltd. Mr Law will expand the company's business in251 words
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622 1989-12-23 21 SHOEB KAGDA - By SHOEB KAGDA IT IS NEVER too lata to tarn. Singaporean managers and executivee ara increasingly taking this dictum to haart going by tha guato with which thay ara picking up naw languages. No. they are not doing it out of mere intereet, or622 words
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Executive Lifestyle: Investment and Finance
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1086 1989-12-23 22 ALVIN TAY - FfRSONAL FINANCE DBS Bank's unilateral move to allow interbank funds transfers through its automated teller machines has upset three partners in the shared-ATM network. It is thus advisable that you keep all transaction records when using this new service just in1,086 words
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Article, Illustration651 1989-12-23 22 RUYEE HOW - Boat Quay an alternative for small-scale investors I: P^ <a P 1 V Wp I I I PROPERTY PROSPECTS k By RUYEE HOW f Mra Ruyee How la genera/ manager, Development Consultancy and Roaoarch, Richard Etna (Pta) Ltd. THE HISTORIC and charming Boat Quay area, comprising 117 shophousee. offers vary651 words
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Article, Illustration869 1989-12-23 22 BARTH HEALEY - STAMP COLLECTING By BARTH HEALEY NYT A TRENO that can intimidate stamp collectors is the flood of gummed paper that some countries snd non-countries put out to commemorate Juat about any topic you can think of. Does Grenade really need 01NYT - 869 words
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Don't quote me.......
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Article176 1989-12-23 23 TONGUES ARE STILL wagging about what really happened at the sale of the Standard Chartered Bank building. One school and this includes some people in London favours the conspiracy theory, arguing that the sale had every sign of arm-twisting by Singapore's powers to ensure that176 words
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Article114 1989-12-23 23 ANOTHER much discussed topic over the last few months was the identities of the bidders for the Stanchart building. More than two dozen names were thrown up. among them the Sultan of Brunei, the Kuwait Investment Office, and United Industrial Corporation. How many of these114 words
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Article124 1989-12-23 23 IF NOTHING ELSE, the sale of the Stanchart building to DBS Land next month will at least lay to rest a small misnomer. For five years since the property was completed in mid 1984. it hss been popularly and erroneously known ss the Stanchart Building.124 words
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Article112 1989-12-23 23 $800 m sale peanuts to SCMP TO MANY SINGAPOREANS the sale of the Stanchart building is a major event but the South Chirm Morning Post obviously feels differently. The first time the Hongkong newspaper carried the news it sppeared in a small column on the inside page on Sunday, two112 words
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914 1989-12-23 23 LIM MUI KHI - BEoinnEß's/ By LIM MUI KHI TOUQH LUCK that's what some investors face when the shares they own are suspended from trading. Market conditions can and will change during a suspension, which means that investors would have lost out on the chance to act accordingly.914 words
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Article, Illustration322 1989-12-23 23 CHART POINT Cresvale For East ltd THE SINGAPORE stock market managed to set a new postCrash high this week. Profit-takers held the upper hands and pushed the Straits Times Industrials Index down by 16.38 points in the first two trad- ing days.Cresvale For East ltd - 322 words
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Article, Illustration755 1989-12-23 23 ELIZABETH PISANI - MALAYSIAN STOCKS mm By ELIZABETH PISANI MALAYSIA'a giant plantation companies, which have played a major role in the county's current economic boom, have loet their charm for investors as crop prices tumble. Plantation share values have fallen by an average of 5 per cent, while755 words
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278 1989-12-23 23 The Star MALAYSIA has been rated the "most sttractive stock market in the region and poaaibly the world" over the next 36 months by Strstegic Research Internationsl, s New York-based research and investment compsny. Its Istest report on South-east Asian researchThe Star - 278 words
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Article, Illustration395 1989-12-23 23 MARC FABER - FUTURES By MARC FABER m Mr Faber is the managing director of Drexei Bumham Lambert (Hongkong Ltd) TWO YEARS AGO in late December 1987, we concluded a commentary with the following remarks: investors alwaya say that they are contrarians,395 words
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Article472 1989-12-23 23 2— Aamhka Oijfc— >«■ i conversion lornis Kreniium/ Pric*t (as at 22.12.89) "W Co m (mtX Wrt.1 Sh-.lti.rt. UrtJch Cash 1 I Lllttk 1 T~" p nom Date imna value ••W CKTano 16.9 3.220 1500 1.00 2.25 -1 1-71 31 5 -®9 ,5 Causeway Inv 7.3472 words
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Page 13 Advertisements
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Advertisement192 1989-12-23 13 The stomach is hungry and the sole is weak. Ifs time to finish wrapping the presents and stab the turkey. But before you do, take a moment to reflect and open EL's Christmas card to you. and peace il And so Ms is Christmas $(p sleighs and no stunt/ Just192 words
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Advertisement29 1989-12-23 13 NEED A fl|L HOUSING LOAN? Call USA from any phoiit, any ctay anytime at 222 5544 or 222 8844 mm wi aMM* noun a rnufi trmrirnnr i FNUNCELHMnS RNANGELMTEDI29 words
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Page 14 Advertisements
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Advertisement55 1989-12-23 14 BT welcomes letters >« i< from readers. Your 5 letters must Include C your signature, lull Up < name, address, and home C j-mVAK* and office telephone i numbers, W any. You may add a pseudonym. If you wish. v Address four letters to: "The Editor, Vi Huilinaia Ttoai. y55 words
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Page 15 Advertisements
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Advertisement31 1989-12-23 15 < Clearly, rFS got to be Gordon's fee k wy&'iiir. Jt IT If tv-' I zj**' jUTI L fc- JJ-- ilk I#K <*3* 1 •»'•*'♦'»(««u* *rlliO to»oo< c*ci»*s j l" j| [48^°^'31 words
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Page 16 Advertisements
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Advertisement259 1989-12-23 16 If Where tventertafn... Whet? to entertain... Where to entertain... Where to If you knew sushi. Ft- Sf' |^HT II M Those who appreciate only the best in Japanese cuisine have found a home in Singapore. Inagiku. Reservations, *****10 or *****85 ext *****/6. THI WISTIN PIAZA WESTIN HonuCluaßn FESTIVE FEASTINGS ttEHP^y^BHMßW^^R'jp259 words
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Advertisement180 1989-12-23 16 L X'mas Eve Dinner Dance Cheers to Christinas *89 and let thegood times roll with fun, music and songs! Dance with your favourite disco melodies'. Ming Palace Restaurant Price: $500+ per table onlv. (lOpersnro) •Novelties X'mas Eve Set Dinner A traditional candlelight dinner with all the trimmings awaits you at180 words
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Advertisement315 1989-12-23 16 J 7r A DazzNng star led the Three Kings to a humble shed where lay the new bom King. In the following centuries after this Holy Event. Christianity spread, faltered, then flourished. Now we are entering the final decade of the second thousand years after the Birth of Christ. The315 words
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Advertisement238 1989-12-23 16 Buffet of Festive Fare 24,25,31 December 1 January Includes Roast Uirkey. X'mas Pudding. Mince Pies and an array of Continental Asian Favourites Adult: $22 Child: $14 (inclusive of 10% service TM charge and 3% tax) V*4il£ rIaZS Plaza Hotel SINGAPORE. Beach Road Singapore *****H *****11 \AI here the service is238 words
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Advertisement393 1989-12-23 16 (SfaJbrthefSfiwiJyat ffiuttasy On Christmas Day, our ballroom will be transformed into a magical Finland. We've hours of fun for everyone, games and prizes to be won. Join us on Dec 25. Call 737 44H ext 731 today. CHRISTMAS FUNLAND 11 OOam 3.00p« Adult: $43 nett, Child: $33 nctt i Our393 words
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Page 17 Advertisements
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Advertisement135 1989-12-23 17 J I Celebrate, I Celebrate I And> I Celebrate. I From early December right into the I New Year you U really be able to make the I most of this festive season. Each of our I restaurants and bars will be offering a wide I J choice offestive fare135 words
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Advertisement176 1989-12-23 17 All manner of Teochew delicacies await you at two very convenient locations on Battery Road in the Business District, and soon at Centrepoint on Orchard Road. Whether you're planning a celebration for 10 or 300, well give you a feast from the sea. presented by our famed master chefs. Chuan176 words
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Page 17 Miscellaneous
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Miscellaneous594 1989-12-23 17 rnvOTir PUTTIE —MR —■ht-mt —mh (6) 30 Tin and lead alloy (6) wt hp HP■ 34 Even rdermfl Refl ***** F bric (8) BGo back to give further 38 Roee got an increment 34 w song (7) medication to (7) _J L—J mam g| mm mJly through it (6) 38594 words
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Page 19 Advertisements
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Advertisement39 1989-12-23 19 I i i t NINA RICCI PARIS E I 3| 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) Re Ltd39 words
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Page 21 Advertisements
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Advertisement151 1989-12-23 21 DHL IN THE NEWS Advertisement ALkA iiiamljJ tries and operates an air fleet that is one of UnL suans IMC VfUlKj 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 demands, in 1960 by three151 words
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Advertisement704 1989-12-23 21 Our client, a fast expanding stockbroking company, invites I I applications for the challenging position of R DEALERS I I You will be involved in dealing activities, servicing existing clients and B I developing new business. B I Applicants must be licensed dealers with at least 2— 3 years of704 words
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Page 21 Miscellaneous
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Miscellaneous38 1989-12-23 21 |iMß»aiiMww»wi >T DOeSM '7 MftKe A GeGUUM? JOB I m I cpiN't &eueve it. I'm seNse..... counting my I NO BIG sPeNDeft Ve-T i ftHNies DON'T <NOW UJH£-l?e IHC i MoNey Goes.... ogi L •CVCNMOrrANOMOCO.LTD, I«M—MM SO* 638 words
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Page 22 Advertisements
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Advertisement157 1989-12-23 22 CALL EDEOHIEE) SHELL TAKE CARE OF YOUR A NEEDS ||BpPW mmm New 24 Hour >==| 'Loan and Information 4 51 ,D Service and Approval' Ca "222 L sM4 anCe: 0 H) f ssr bm a ■APPDnucnl I -■CTun. 1 V■approved! Loon Credit PVc aiii) JUSZFA r Loan and Information 4|157 words
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Page 24 Miscellaneous
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Miscellaneous623 1989-12-23 24 Masiai Berdata, Today, 3.10pm, SBC 5 A light and romantic movie about dating couplee end their disapproving parents. This Indoneeian movie stars Roy Marten end Eva Arnaz. Lawreacc of AraMa, Today. 10.30pm, SBC 5 In Part Two ol this extremely levieh 1884 production, Lawrence puts his sharp, military mind to623 words
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Miscellaneous2215 1989-12-23 24 C ATI 11.10 CMnaaa Cinema OA I UKL/A T M: Malay; r rapaal 7.28 Cultural Diary. —i— 7.30 Notts (M). PTM I 1.55 PM Opening and 7 -0° Ntwwlcti. 1 n 8.00 Who's tie Bom? Tony followed by Oaihiiliilon returns to his old 7>50 AM National Anthem Asian Championships 19692,215 words
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Miscellaneous219 1989-12-23 24 Badaletee, Today. 1.55pm SBC 12 The 1980 Asian Badminton Championships has seen the bset man players from China. South Korea. Indonesia and Mslsysis competing against one another for the peat six days. But tonight tsiscsst live from Shanghai. China will be the finals of this prestigious event B typed 2000,219 words
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