The Business Times, 21 April 1990
1990-04-21
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The Business Times
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Title Section10 1990-04-21 1 Business Times MCI (P) 170/12/89 Weekend April 21-22 1990 75*10 words
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NEWS & MARKETS SUMMARY
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Article41 1990-04-21 1 AP STOCK PRICES hovered in a narrow range yesterday morning against a background of continuing inflation and inter-est-rate worries. The Dow Jones average of 30 industrials showed a 4.96-point loss at 2,706.98 one hour into the ses- sion.AP - 41 words
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Article49 1990-04-21 1 AP LONDON share prices were just slightly higher at midday yesterday. Analysts said there was a lade of investor interest in the middle of a three-week trading account. At 1100 GMT, the Financial Times-Stock Exchange 100-share index was up 3.7 points, or 0.2 per cent, at 2,188.4.AP - 49 words
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Article36 1990-04-21 1 THE BUNDESBANK, West Germany's independent central bank, is taking the offensive to win backing for its controversial proposal to swap East marks for West marks at a general rate of two to one.36 words
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Article32 1990-04-21 1 SOUTH KOREA plans to seek joint oil exploration with North Korea on the peninsula's continental shelf to help make the economies of the two countries interdependent, government officials said.32 words
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Article21 1990-04-21 1 AT&T Consumer Products has completely eliminated the use of ozone-depleting chlorofluorocarbons (CFCs), in its manufacturing process Page 221 words
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Article31 1990-04-21 1 THE FIRM outlook for the industrial buildings sector has led Amateur Photo Stores, an electrical, electronic and office automation equipment distributor, to invest in the property market Page 231 words
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Article34 1990-04-21 1 TIMES Publishing Ltd showed a 53 per cent improvement in profit after tax and minorities to $11.67 million in the first half ended Feb 28, 1990, boosted by investment income Page 334 words
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Article, Illustration29 1990-04-21 1 Friday Change BT-MGA 762.43 -4.60 Kuala Lumpur ....541.88 -4.59 Hongkong 3,067.30 -0.37 Tokyo 29,835.44 -109.97 Sydney 1,491.4 -3.7 Thursday Change New York 2,711.93 -20.9 London 2,184.7 -21.229 words
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Article21 1990-04-21 1 Exchange rates US$ S$l.8755 Yen (100) SSI.I916 MS SS0.6891 Money market rates Overnight. 6 1/16% 1/16 3-month 6 13/16% +4/1621 words
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Article25 1990-04-21 1 London Gold PM fix US$376.00 US$0.25 Rubber S'pore May 157.25«/kg +1.50 Vfsia May 211.00*/kg unch KL Tin Turnover 91 tonnes +21 Spot M$17.46/kg -0.0625 words
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280 1990-04-21 1 Yong Pow Ang - By Yong Pow Ang WITH THE car market so volatile, used and new car dealers are not sure who will have the last laugh. At the moment, used car dealers are in bad shape. As the supply of used cars exceeds the demand,280 words
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Article, Illustration337 1990-04-21 1 Martin Soong - By Martin Soong TWENTY FIVE people in Singapore probably won't be paying any attention to the first car quota results being announced today. You don't need to, if you can afford to buy what will be one of the most expensive cars in337 words
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399 1990-04-21 1 Reuter THE BRITISH parliament has voted in favour of a Bill to grant citizenship to 225,000 Hongkong residents despite rebellion in the ruling Conservative Party's own ranks. China yesterday lashed out at Britain over the plan. Only hours after London's nationality packageReuter - 399 words
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Article220 1990-04-21 1 SINGAPORE has once again proven that it is a provider of quality services when it comes to tourism. At the 1990 Travel Industry Awards sponsored jointly by PATA Travel News (PTN) magazine and the regional weekly newspaper, Travel Trade Gazette Asia, Singapore's travel organisations clinched220 words
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420 1990-04-21 1 Loh Hui Yin - By Loh Hui Yin in TOKYO WITH THE Singapore economy growing at a slower pace this year, wage settlements will have to be more modest than what was seen in 1989, said the Trade and Industry Minister yesterday. The indications420 words
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Page 1 Advertisements
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Advertisement116 1990-04-21 1 Nikon Tht Wtorid's FlnMt Photographic System. COVER How about our berth rights? EL 1 V Aircraft Schedule EL 11 Commodities 15 Company News 4 Cryptic Crossword EL 11 Executive Jobs El 10 Futures Options 14 Interbank Fore* Rates 14 Home News J KLSE H Money Changer Rates EL 11 Money116 words
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Advertisement14 1990-04-21 1 OPINIONS Save water campaign: Going beyond dry spells Property: The vital statistics. EL 214 words
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Advertisement354 1990-04-21 1 REVIEWS Lambada: Has the South American risque dance caught on in Singapore? EL 3 Today, one watch reigns supreme. Bl: ij 1 Ultra-thin Royal Oak for Udies and Men ,n 18kt. gold, 18kt. gold and steel or all steel .and Royal Oak i Perpetual Calendar, mechanically programmed until the year354 words
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Advertisement6 1990-04-21 1 PURSUITS Han treasures uncovered EL 46 words
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Advertisement21 1990-04-21 1 Nikon TtMWbftd'sßnMt Photographic tyUm. 1 FINANCE Survey on fund managers. EL 8 Currencies: A timely switch is what counts. EL 921 words
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Advertisement20 1990-04-21 1 JOBS Using the employment agency route to that dream job. EL 10 Japanese still very keen on region, Pg 1620 words
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HOME NEWS
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NEWS ROUNDUP
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117 1990-04-21 2 APPLE Computer Singapore is participating in the government's Local Industry Upgrading Programme and has identified three suppliers to work with under the scheme. Apple is presenting a set of proposals to the Economic Development Board in such areas as production control and planning, inventory management,117 words
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Article98 1990-04-21 2 NTUC Voice Cooperative Society Limited will be formed with an initial capital of $4 million to run the NTUC radio station. The money will come from NTUC Fairprice, NTUC Income and NTUC Comfort, which are together sinking $3.5 million into the project. The other98 words
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Article69 1990-04-21 2 THE Westin Stamford and the Westin Plaza have won awards of excellence for food and beverage in a competition conducted for the 65 worldwide properties under the Westin Hotels Resorts group. The competition had a total of 13 -categories and the Singapore hotels were placed within69 words
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Article56 1990-04-21 2 OCEAN Information Systems Malaysia has clinched a M 5250,000 software package order from plastics manufacturer May Plastics Industries for a business planning and control system. This follows Ocean Information Systems' appointment last February as an affiliate by the world's largest AS/400 software company, System Software Associates,56 words
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Article69 1990-04-21 2 WITH noise-induced deafness as the top occupational health hazard in Singapore, early detection has become a top priority. In line with this, the National University Hospital will introduce a course to train people to conduct hearing tests for workers. The two-day course, which will be69 words
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Article, Illustration414 1990-04-21 2 Genevieve Cua - By Genevieve Cua AT&T CONSUMER Products has completely eliminated the use of ozone-depleting chemicals, or chlorofluorocarbons (CFCs), in its manufacturing process. It is the first factory in American giant AT&T's worldwide communications and computer products division and most probably the first major local electronics414 words
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212 1990-04-21 2 THE Singapore Institute of Labour Studies, initiated by the National Trades Union Congress, will take in the first batch of 25 to 30 students in late August for a two-year part-time diploma course in industrial relations. According to the latest edition of212 words
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287 1990-04-21 2 THE FIRM outlook for the industrial buildings sector has led Amateur Photo Stores (APS), an electrical, electronic and office automation equipment distributor, to invest in the property market. It is going full speed ahead to build a six-storey warehouse at Jalan Pemimpin, in the287 words
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119 1990-04-21 2 THE National Trades Union Congress has warned employers that industrial peace in Singapore will be jeopardised if workers are not given a fair share of the fruit of their labour. A comment in the NTUC News attributes the success of Singapore to equity119 words
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SHIPS IN PORT
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Article646 1990-04-21 2 toui ¥oy Wi Berth Arrival Oeperhre Kappel Wharves Astro Gold 4 K34 alongside 20.04/2300 Bang Progob 91-0W R17 alongsde 20.04/1630 K Jespersen 23 MF9 C09 alongside 20.04/1900 Kota Abadi E-847 K31 alongside 25.04/0600 OMu 09Wb90 K29 alongside 20.04/1400 Pop P 09A35 K33 alongside 2104/0900 Renaissance 1 *****646 words
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Article1613 1990-04-21 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Traretamer Schedules Sty Voy No Arr Date Tine From To Bookinf Gate Hi Op Gdi Amaha Kcn004 23 04 90 2300 21/1645 21/1744 Portnet 2 Q9 00 F05 22/0530 22/0559 NA 2 B Kcmunmg 648N 2104.90 1800 21/0830 21/0929 Th/Fa1,613 words
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Article273 1990-04-21 2 Port King South Port Certang berth 1; Hoegh Dyke berth 2; Soon Hoe berth 2; Hanjm Karachi berth 3; Seng Soon Chew berth 4; Beriasa berth 5; Km Line No 1 berth 7; Bunga Setawar berth 7A; Star Eight berth j Shell KCT: TSK Chorus berth 8;273 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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402 1990-04-21 3 Elaine Koh - By Elaine Koh TIMES PUBLISHING Ltd showed a 53 per cent improvement in profit, after tax and minorities, to $11.67 million in the first half ended Feb 28, 1990, boosted by investment income. The group, a spin-off from Singapore Press Holdings, could402 words
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258 1990-04-21 3 Bernama PACIFIC CHEMICALS Bhd is mapping out strategies to introduce to the Malaysian market four new agricultural chemical products manufactured by its parent company Dowelanco BV. Pacific Chemicals chairman Chester R Bouten said on Thursday that one of the products was a fungicide, theBernama - 258 words
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449 1990-04-21 3 William Chia - By William Chia DIVERSIFIED gaming operator Magnum Corporation has reinforced its turnaround by achieving a 300 per cent jump in group after-tax profit to M 530.15 million (M 57.45 million) last year after being in the red just two years ago. Magnum said449 words
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Article208 1990-04-21 3 Bernama PROMET BHD has reported a group pre-tax loss of M$ 14.01 million for the year ended Dec 31, 1989, down 62 per cent from its 1988 loss of M 536.46 million. Group turnover rose by 145 per cent to M 565.53 million fromBernama - 208 words
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Article219 1990-04-21 3 Bernama KUMPULAN Perangsang Selangor (KPS), which has a 91.35 per cent stake in Central Holdings Bhd, has decided not to sell Holiday Inn on the Park, a hotel owned and operated by Central Holdings. Central Holdings said in a statement in Kuala LumpurBernama - 219 words
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584 1990-04-21 3 Catherine Ong - MARKET TALK By Catherine Ong THE TENACITY of South-east Asian stock markets in weathering the Tokyo bloodbath confirms what many analysts have long held that this region is more influenced by the ups and downs of Wall Street than the vicissitudes584 words
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362 1990-04-21 3 Abdul Hadhi - By Abdul Hadhi THE Insurance Corporation of Singapore (ICS) will be introducing a new sales distribution system this year which will cast its net wider by catering to smaller groups and individuals. Currently the company's sales strategy mainly involves the362 words
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184 1990-04-21 3 SESDAQ-LISTED Fuji Offset Plates Manufacturing yesterday announced its subscription for 700,000 new shares in Fuji Printing Cylinder Pte Ltd at 1 per share. The subscription, amounting to $700,000, would be financed by bank borrowings and is not expected to have any184 words
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COMPANY BRIEFS
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67 1990-04-21 3 KEPPEL CORP, through Schroders International Merchant Bankers, yesterday officially gave notice of its takeover offers for Asia Commercial Bank shares and convertible loan stocks (CLS). Keppel also announced that it had completed the purchase of 44,929,480 shares and $55,387,862 nominal amount CLS67 words
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Article80 1990-04-21 3 LANDMARKS' offer to buy the entire issued and paid-up capital of Saujana Resort Malaysia other than the 12,330 'A' shares and 1,850 4 B' shares of M 52,500 each that 'it already owns, is fair and reasonable. Independent adviser Permata Merchant Bank said the opinion is80 words
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Article48 1990-04-21 3 DCA (M) Pemaju Corp has obtained credit facilities of $62.S million from Standard Chartered Bank to develops Selangor privatisation project on 54.3 hectares of land. Tfie project will comprise 3,700 units of low-cost houses, flats, medium-cost houses, condominium and a commercial complex.48 words
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Article38 1990-04-21 3 MALAYSIAN MINING Corp and Tronoh Mines M'siaare jointly acquiring 43.91 million shares of SO Australian cents each or about 30 per cent of Australian company Pioneer Minerals Exploration Ltd, for A 541.72 million.38 words
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Article106 1990-04-21 3 SIME DARBY Bhd told the KLSE yesterday that shareholders of seven 1,000-share certificates entitled to the company's bonus shares have not received the certificates which were despatched on Feb 2. Instead, the company added, it had received transfer deeds for the certificates' registration between April 6106 words
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Article117 1990-04-21 3 THE Lion group yesterday refuted a press report that its subsidiary, Parkson Corporation Sdn Bhd, which runs the Parkson Grand and Parkson Ria departmental stores, is buying the 7-eleven chain of stores from Antah Holdings Bhd. "There was never a formal discussion between us and117 words
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Page 3 Advertisements
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Advertisement461 1990-04-21 3 I I I Group I I Singmarine Industries limited I I (Incorporated in the Republic of Singapore) I I NOTICE IS HEREBY GIVEN that the Annual General Meeting of the I Company will be held at the Board Room, Keppel Corporation I I Limited, 325 Telok Blangah Road, Singapore 0409461 words
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COMPANY NEWS
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COMPANY BRIEFS
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59 1990-04-21 4 BRITAIN'S BAT Industries, shedding its far-flung US retailing empire, will sell department store chain Marshall Field Co to Dayton Hudson Corp of Minneapolis for about US$l.O4 billion, the companies said on Thursday. The 130-year-old Marshall Field's, Chicago's premier retailer, operates 24 stores throughout59 words
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Article86 1990-04-21 4 C ITOH and Co Ltd has announced that subsidiaries C Itoh Fine Chemical Co Ltd and C Itoh Inter-Chem Inc will merge on July 1, 1990. The merged company, tentatively named C Itoh Fine Chemical Co Ltd, will be capitalised at 300 million yen86 words
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Article107 1990-04-21 4 FRANCE'S top 50 companies see slightly slower growth in 1990 than they experienced in 1989, according to a study by the bank Credit National. Its annual survey of the top firms, whose total turnover amounted to 1,375 billion francs in 1989, revealed that they expect sales107 words
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Article63 1990-04-21 4 ALLIED-LYONS pic has agreed to sell its Embassy hotels chain to Jarvis Hotels Ltd for £202 million subject to Jarvis being able to arrange financing. Jarvis Hotels was founded in March by former Hilton International chairman and chief executive John Jarvis. Embassy operates 41 hotels63 words
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Article59 1990-04-21 4 THE WEST GERMAN federal cartel office has no objections to West German electronics group AEG AG's planned takeover of Schorch GmbH from Bergmann Elektro GmbH, AEG said in a statement. Last month AEG, which is majority owned by automotive and aerospace group Daimler AG, said it59 words
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Article59 1990-04-21 4 ALCATEL NV Telecommunications company announced on Thursday that it had made a sharply higher net profit last year and had won its fifth contract in China for digital switching and transmission equipment. Its net profit last year rose to 478 million European Currency Units (about US$57B59 words
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Article65 1990-04-21 4 MARCOPPER Mining Corp had a net income of 194 million pesos (US$9 million) in 1989, down sharply from 510 million pesos (US$22 million) the year before. The Philippines' third largest copper producer said its revenues from sales of copper concentrates totalled U5552.87 million in 1989, from65 words
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Article62 1990-04-21 4 UNION PACIFIC of Philadelphia has decided not to go through, at the present time, with a proposed public offering of shares of its wholly-owned Union Pacific Resources subsidiary. The company said it decided that an initial public offering of the unit would not substantially enhance62 words
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362 1990-04-21 4 Reuter THE US Securities and Exchange Commission on Thursday adopted a regulation that makes it easier for large institutional investors to sell unregistered stocks and bonds. SEC chairman Richard Breeden said the rule will fuel participation in the US private placement marketReuter - 362 words
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454 1990-04-21 4 Reuter IN A MAJOR STEP towards creation of an alliance between two of the world's biggest industrial groups, Mitsubishi Heavy Industries and Daimler-Benz have agreed to jointly conduct aerospace research, a Mitsubishi spokesman said in Tokyo on Thursday. Marrying the two conglomerates' interests,Reuter - 454 words
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Article, Illustration480 1990-04-21 4 NYT AMERICAN Express Co, reflecting record losses at its Shearson Lehman Hutton Inc subsidiary, reported the worst quarterly results in its history on Thursday a loss of U*****.8 million in the first quarter, compared with a gain a year earlier of U*****.9 million, or 59NYT - 480 words
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222 1990-04-21 4 NYT McDONALD's Corp on Thursday reported its 100 th straight quarter of record year-to-year increases in net income, earnings per share and revenues since going public in 1965. First-quarter net income climbed 12 per cent, to US$l5B million, from US$l42 million in theNYT - 222 words
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208 1990-04-21 4 NYT LOCKHEED Corp's firstquarter earnings increased 11.3 per cent to US$69 million from US$62 million in the 1989 period. Sales rose 7.7 per cent to U552.25 billion from US$2.O9 billion. Earnings were held down by the US$l5 million cost of defending against a proxyNYT - 208 words
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244 1990-04-21 4 AP TOYOTA Motor Corp, Japan's largest car manufacturer, will greatly increase its purchases from US motor parts makers, company officials said yesterday. Toyota Motor was among 11 Japanese automakers which participated in meetings with US parts suppliers, held in Las Vegas,AP - 244 words
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269 1990-04-21 4 Reuter HUNGARY plans to reopen its stock exchange in June as the country moves towards a Western-style democracy and market economy after four decades of communist rule. The exchange will quote between five and 10 Hungarian firms when it starts trading on JuneReuter - 269 words
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585 1990-04-21 4 AFP INDIAN business tycoon Dhirubhai Ambani has resigned as chairman of Larsen and Toubro (L and T) Ltd, ending a confrontation with institutional shareholders who wanted his ouster and settling a major corporate crisis. Mr Ambani's resignation signalled that theAFP - 585 words
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Page 4 Advertisements
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Advertisement141 1990-04-21 4 4K Singmorine Industries limited (Incorporated in the Republic o» Singapore) To ALL WARRANTHOLDERS OF U5530,000,000 NOMINAL AMOUNT OF 1 PER CENT BONDS DUE 1994 AND 5550,000,000 NOMINAL AMOUNT OF 1 PER CENT BONDS DUE 1994 WITH WARRANTS ATTACHED SUSPENSION OF SUBSCRIPTION RIGHTS NOTICE IS HEREBY GIVEN that the Register of141 words
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FINANCIAL NEWS
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372 1990-04-21 5 Elaine Koh - By Elaine Koh THREE of the Big Four local bar£s have taken the lead in raising the basic pay of clerical staff by nearly 25 per cent in a bid to keep workers in a tight labour market. The three banks United372 words
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Article213 1990-04-21 5 NYT MLC and Capita, two of Australia's largest and oldest life assurance groups, have agreed to merge. The deal will create the country's third largest life office with total assets of about Aslo billion. The move again raises the issue of less competition in theNYT - 213 words
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Article, Illustration358 1990-04-21 5 Reuter VIETNAM is preparing a radical restructuring of its banking system, bringing in commercial banks to cater for market-oriented reforms, a senior state bank official said. Nguyen Cong Hai, deputy director of the bank's foreign department, said a government decree expected to beReuter - 358 words
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298 1990-04-21 5 Reuter THE Japanese Finance Ministry is considering making it easier for foreign banks to open new branches in Japan, and foreign bankers say the move is expected to mainly benefit Citicorp's Citibank unit. The ministry will consider speeding up the process of branchReuter - 298 words
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SMALL CHANGE
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104 1990-04-21 5 THE Hongkong Association of Banks, which fixes interest rates, has investigated accusations of malpractice levied against a number of committee members and found them groundless, chairman Paul Selway-Swift said. "The association has looked into this to the best of its ability. It does104 words
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Article70 1990-04-21 5 JAPANESE Finance Minister Ryutaro Hashimoto said he wanted the yen to further strengthen against the US dollar. He made the remark at a press conference yesterday morning after the US dollar opened in Tokyo at 156.78 yen, down 0.97 yen from Thursday's finish. Mr Hashimoto said: "I70 words
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Article104 1990-04-21 5 THREE South Korean investment trust firms will each launch US$lOO million funds in June or July for investment in both domestic and foreign securities markets, South Korean Finance Ministry officials said. Daehan Investment Trust Co will launch its fund in the United States around mid-June,104 words
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Article82 1990-04-21 5 A GOVERNMENT decree removing all remaining controls on capital movements may be approved next week, Italian Cabinet secretary Nino Cristofori said. "It's likely that the decree will be approved at the cabinet meeting on April 27, but it's a complicated question," he said after a82 words
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297 1990-04-21 5 REPRESENTATIVES of the Group of Seven industrial countries proposed a broad set of regulatory and banking reforms on Thursday to combat the growing problem of concealing illegal narcotics profits in banks and other financial institutions. A study panel set up by the297 words
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Article286 1990-04-21 5 NYT BANKAMERICA Corp, the nation's third-largest banking company, said its first-quar-ter profits rose 1.1 per cent, to US$27B million, from US$275 million a year earlier. It attributed the gain to steady growth of its consumer banking business and a surprising rise in fees from arranging corporateNYT - 286 words
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Page 5 Advertisements
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Advertisement201 1990-04-21 5 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry was Singapore's201 words
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Advertisement35 1990-04-21 5 OLD and IMPRESSIONIST MASTER PAINTINGS MASTERS of the School of Paris GALERIE D'ORSAY (PARIS) EXHIBITION 18th 22nd April 1990 Le Meridien Singapore 4 days only Salons Lafite Latour 11am 7pm (lobby level) 100 Orchard Road35 words
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Page 5 Miscellaneous
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Miscellaneous46 1990-04-21 5 -£> I \V °i tk iWC~, Six §*S=3J t i t 'A c ft (hr** —-S3TJr>%|. '•J *.v J >y-t% NNAMKof f Ht «£flr* "It's quite simple, madam—pick the right card and you win this beautiful vacuum cleaner; fail and you forfeit an appliance of your choice."46 words
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THE REGION
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NOTE BOOK
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95 1990-04-21 6 INDONESIA'S investment coordinating board will soon open an office in Brussels, Belgium, to attract foreign investment to Indonesia. Sanjoto Sastrowardoyo, chairman of the board, said the move will be financed by a Belgian government grant of US$BOO,OOO approved on Wednesday in Brussels by Belgian95 words
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Article84 1990-04-21 6 RADIO Televisyen Malaysia (RTM) is prepared to cooperate with TV3 to channel its Mandarin news telecast to the private station. Information Minister Datuk Mohamed Rahmat told newsmen after attending a breaking of fast at a hotel in Kuala Lumpur that RTM would not impose84 words
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Article61 1990-04-21 6 FOREIGN MINISTER Datuk Abu Hassan Omar will represent Malaysia at the United Nations General Assembly's special session on international economic cooperation to be held at the UN headquarters in New York on April 23-28. A Wisma Putra statement says the special session will, in particular,61 words
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Article65 1990-04-21 6 TRADE between Malaysia and Taiwan grew 124 per cent to US$l.5B billion last year from U*****.4 million in 1986 and is set to rise further. Mr Chen Yung-hsiang, the economic director of the Taipei Economic and Cultural Centre which represents Taiwan's interest in Malaysia, said that further65 words
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Article70 1990-04-21 6 THAILAND will soon return to South Korea the wreckage from a Korean Air jetliner downed in the Andaman Sea off Burma in 1987, a news report said yesterday. The KAL Boeing 707 disappeared on Nov 29, 1987, over the sea on a flight from Baghdad70 words
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Article65 1990-04-21 6 SEVENTEEN soldiers and constables were killed and five wounded in an attack by suspected communist rebels in the southern province of Surigao del Sur, Philippine military officials said yesterday. The security forces were pursuing suspected New People's Army guerillas who held up a beer truck in Marihatqg65 words
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Article89 1990-04-21 6 PERVASIVE corruption in government is a leading cause of the six coup attempts against President Corazon Aquino, the Philippine government ombudsman said. "Corruption in government is a derivative cause" of coup attempts, Mr Conrado Vasquez, head of a government office investigating graft cases, said in89 words
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Article74 1990-04-21 6 INDONESIA'S communication satellite, Palapa 82-R has been declared worthy and ready for use, according to its satellite control agency chief, Hari Kartana. A test on its control system has been successful, he said yesterday. The satellite is now awaiting tests on its communication system,74 words
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Article96 1990-04-21 6 FOREIGN AFFAIRS Secretary Raul Manglapus has said the shortfall in US compensation to the Philippines this year for its military bases in the Philippines was US$222 million, not US$96 million as earlier announced. Mr Manglapus, chief Philippine negotiator in talks next month on the future of96 words
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277 1990-04-21 6 Bernama THE PATTERN of Malaysia's trade with the BelgiumLuxembourg Economic Union (Bleu) has undergone a significant change, with Belgian importers increasingly shifting to value-added products from Malaysia. The Malaysian trade commissioner in Brussels, Abdul Kabur Ibrahim, said that the share of primary commoditiesBernama - 277 words
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Article, Illustration62 1990-04-21 6 Nigerian nationals Traore Oumar Mahamane (left) and Tahirou Hassana Issaka trying to cover their faces after being arrested by Thai airport customs officials on possession of 4.5 kilograms of top-grade Number 4 heroin worth about US$3 million outside Thailand. The drugs were found concealed62 words
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395 1990-04-21 6 Bernama MALAYSIA'S strategies on development for the 1990s will give emphasis to building on the economic recovery which it achieved over recent years and to strengthen the growth momentum. Stating this yesterday, chief secretary to the government, Datuk Seri Ahmad Saiji Abdul Hamid, saidBernama - 395 words
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207 1990-04-21 6 Bernama JAPANESE do not have to feel guilty about buying Sarawak timber because logging in the state is sustainable and did not pose a danger to the environment, chief minister Tan Sri Haji Abdul Taib Mahmud said in Tokyo on Thursday night. Addressing a captiveBernama - 207 words
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Article, Illustration227 1990-04-21 6 Reuter VIETNAM'S deputy foreign minister Dinh Nho Liem will visit Beijing on May 2 for talks with Chinese officials on bilateral problems including the conflict in Cambodia where the two support opposing sides, a foreign ministry spokeswoman said in Hanoi on Thursday. SheReuter - 227 words
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232 1990-04-21 6 AFP THE ALL BURMA Students Democratic Front (ABSDF) on Thursday condemned foreign investors in Burma for dealing with Rangoon despite its oppressive policies. An ABSDF release said it was reacting particularly to a recent report from Burma that Pepsico Inc had set up a jointAFP - 232 words
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406 1990-04-21 6 MBT MALAYSIAN regulations to protect house buyers from unscrupulous developers will be enforced by June, three months behind schedule. Housing and Local Government Minister Datuk Lee Kim Sai said on Thursday that the delay in the implementation of the housing (project account)MBT - 406 words
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155 1990-04-21 6 AFP AUSTRALIA gave the United Nations Asl million (U*****,000) on Thursday to send a mission to Cambodia to advance the peace process there. Australia's ambassador to the United Nations, Peter Wilenski, gave the cheque to UN Secretary General Javier Perez de Cuellar. AustraliaAFP - 155 words
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471 1990-04-21 6 INDONESIAN State Minister for Population and Environment Emil Salim says that construction of infrastructure and facilities in Indonesia's eastern province should be accelerated to stimulate further development of the region. Mr Emil, who was in a group of four Cabinet ministers on a visit to471 words
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THE WORLD
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532 1990-04-21 7 AP PRESIDENT George Bush's plans for nearly US$3OO billion in defence spending next year came under attack on Thursday on Capitol Hill where House of Representatives budget writers approved deep cuts and Senator Sam Nunn called for reduction of US forces in Europe. TheAP - 532 words
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Article, Illustration245 1990-04-21 7 THE Bush administration on Thursday announced plans to withdraw up to 15,000 US troops from Asia within three years and more later, turning the lead defence role in South Korea over to Korean forces by the end of the245 words
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416 1990-04-21 7 AFP THE European Community, frequently accused of foot-dragging in negotiations for stricter rules governing agricultural trade, on Thursday accused other nations of taking too slow an approach on other trade matters. EC Commission Vice-President Franz Andriessen told an informal meeting in PuertoAFP - 416 words
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Article, Illustration235 1990-04-21 7 US Trade Representative Carla Hills told Japanese Foreign Minister Taro Nakayama on Thursday she hoped new threats of sanctions would not be needed to open Japan's markets, a ministry spokesman said. But the spokesman, Makoto Yamanaka, would not say if the remark by235 words
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531 1990-04-21 7 Reuter CHINESE companies and their overseas joint venture partners have taken out about US$7O billion in gov-ernment-guaranteed foreign loans over the past decade, according to an internal survey by the Chinese government. Information from the survey was given to Reuters in HongkongReuter - 531 words
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125 1990-04-21 7 Reuter SOUTH AFRICA'S President FW De Klerk promised on Thursday to amend or repeal the remaining pillars of apartheid. "We shall never be able to have complete peace in South Africa as long as there is statutory discrimination," he told parliament. Partly liftingReuter - 125 words
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324 1990-04-21 7 AFP THE European Community will have to provide heavy subsidies for East Germany's backward industry and agriculture after German unification, according to a secret report by the ECs executive Commission. It also warns Bonn that the Commission will keep a close eyeAFP - 324 words
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WORLD WATCH
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143 1990-04-21 7 STRONGER exports and falling oil prices helped Sweden's trade surplus rise to 3.4 billion crowns in March and exceed analysts' expectations, spokesman Jan Savenborg of the government's Central Statistics Bureau said. Markets had expected a two-billion crown surplus, compared with a 1.8 billion crown surplus143 words
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Article135 1990-04-21 7 ALMOST one third of Czechoslovakia's economy will remain in state hands despite the transition to a market economy, Finance Minister Vaclav Klaus said. Mr Klaus said state enterprises were not ready for privatisation and a transformation law was being prepared to deal with it. Despite the135 words
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Article140 1990-04-21 7 THE former country estate of deposed East German leader Erich Honecker will be converted into a luxury hotel in spite of local objections. The official news agency ADN said the regional assembly in the northern town of Waren handed the estate over to East140 words
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Article165 1990-04-21 7 BRITISH Premier Margaret Thatcher said there will be "plenty of other things to discuss" at an EC summit than political union, after French and West German leaders called for action on the issue. Mrs Thatcher was referring to talks at a European Community summit165 words
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216 1990-04-21 7 SOVIET President Mikhail Gorbachev suggested changes in a long-awaited package of radical economic measures drawn up by his top economic advisors and billed as central to his perestroika reforms. In a statement on Thursday summarising two days of discussions marked by disagreements, he216 words
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Article, Illustration177 1990-04-21 7 Reuter PRESIDENT George Bush is consulting with Nato allies on responses to the Soviet Union's decision to cut oil supplies to Lithuania, a White House spokesman said on Thursday. Spokesman Marlin Fitzwater said US officials were trying to verify the extent of the oil cutoffReuter - 177 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3908 1990-04-21 8 Lim Mui Khi - By Lim Mui Khi THE SINGAPORE MARKET drifted lower again yesterday in dull, quiet trading. The Business Times Composite Index of Malaysian and Singapore shares closed 9.52 points lower at 1,301.45. The Straits Times Industrials Index of 30 Singapore blue chips also fell;3,908 words
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Article3417 1990-04-21 9 Main Board OCBC Foreign 1060 20 +1-9% Hai Sun Hup 20* 215 +11 +5.4% Roth Inds 50* 324 6 +1-9% Hoed Prop 230 +6 +2.7% Hoed Prop A 224 +6 +2.8% FELSWt 279 +5 +1.8% Polytek 50* 152 5 3.4% Sing Inv Fin 229 +43,417 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2261 1990-04-21 10 Reuter TOKYO shares closed broadly lower yesterday but off their lows on pre-weekend selling and profit-taking reinforced by uncertainty over the yen, brokers said. "The market was very simple today," said Kazuma Kitai, director of Japanese equities, County Natwest Securities Japan. "There was some naturalReuter - 2,261 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2587 1990-04-21 10 Reuter HONGKONG'S Hang Seng Index, down nearly 30 points in mid-morning trade yesterday, rebounded just ahead of the close as heavy, European buying boosted stocks to end less than a point below its previous finish. The Hang Seng Index closed 0.37 points lower atReuter - 2,587 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3648 1990-04-21 11 MBT, Bernama Reuter STOCK PRICES on the Kuala Lumpur Stock Exchange ended with extended losses on further liquidation and lack of fresh buying support, brokers said. The KLSE Composite Index fell 4.59 points to 541.88 while the New Straits Times Industrial Ordinary Share IndexMBT,; Bernama; Reuter - 3,648 words
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Page 11 Advertisements
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Advertisement172 1990-04-21 11 SINGAPORE BUSINESS/SAMSONITE SUBSCRIPTION PROMOTION THIS MONTH'S LUCKY DRAW PRIZE Worth $595 each to be Subscription rates: |I|MEHH|HbHHP^R 12 issues of Singapore Business 5548.00 12 issues of Singapore Business and a copy of the Yearbook '90 5554.00 Sgw *East Malaysia *****.00 (Registered second class air mail) I •Overseas -5594.00 (Surface I172 words
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REGIONAL STOCK MARKETS
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Shares rebound sharply in Taipei
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Article87 1990-04-21 12 CWmc Pwiow Apr 20 Apr 19 SYDNEY All Ordinaries Index 1,491.4 1,495.1 -3.7 All Industrials Index 2.325.7 2,330.4 -4.7 All Resourves Index 855.4 857.9 -2.5 Turnover (million) 86.2 75.1 +11.1 BANGKOK SET Index 840 56 834.99 5.57 Turnover (nearest'000) 14,967 12,383 2,584 JAKARTA Composite Index NA 643.90 Turnover (nearest'000). NA87 words
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Article1039 1990-04-21 12 THE Australian share market yesterday ended the week slightly easier after a day of directionless trading and thin volumes. The All Ordinaries Index finished 3.7 points down at 1,491.4, with a large slice of turnover dominated by options-related trading. "The market has been doing a lot of work lately1,039 words
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Article439 1990-04-21 12 TAIWAN share prices, which have been losing ground for more than a week, shot sharply higher yesterday as investors piled back into the market, following the lead of big market players, dealers said. The Weighted Index shot up 461.82 points, or 5.2 per cent, higher to end at 9,292.39439 words
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Article870 1990-04-21 12 SEOUL stocks fell for the third straight session yesterday as the index fluctuated in a narrow band in the afternoon, brokers said. The Composite Index closed at 767.45 points, down 0.86 from Thursday's close. Turnover was 138.4 billion won compared with 136.7 billion in the previous session. The market870 words
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Article432 1990-04-21 12 TAKEOVER speculation surrounding food conglomerate Goodman Fielder Wattie helped the New Zealand share market close markedly higher yesterday. A spokesman at GFW's Auckland office declined comment but Elders NZFP also enjoyed buying support after Brierley Investments confirmed it had bought 3-4 per cent of the company's shares. "These432 words
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Article631 1990-04-21 12 THAI stocks moved higher yesterday in speculative trade focused on smaller issues in the real estate and textile sectors, brokers said. The official SET Index gained 5.57 points to close at 840.56. Advances led declines 87 to 38. Most active were Star Block, Amarin Plaza and First City Investment.631 words
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Article133 1990-04-21 12 BOMBAY share prices yesterday rose sharply in brisk new account trading, despite higher contango (carry-forward) charges. The market welcomed a compromise between two groups battling for control of Larsen and Toubro, under which Larsen chairman Dhirubhai Ambani quit his post, they said. Larsen shares were steady at 75 rupees.133 words
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Article714 1990-04-21 12 Jakarta Rupiah VolCOO) Aqua Golden M. ***** unch As. Bintang Ind. 6250 unch As. Dayin Mitra 6900 unch Bank Bali ***** unch 5 Bank Danamon ***** 50 45 Bank Niaga ***** unch 28 Champion 8900 unch Indo Citra F. 8425 unch Indocement ***** unch Inter Delta 8000 unch Rig Tenders714 words
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Article394 1990-04-21 12 la local cwrency la S$ la USS day year day year day year Vpf 19 Index change change change chaage change chaage World 412.1 f0.6 -11.4 +0.7 -15.0 +1.0 -13.8 1EAFE 576.5 +0.7 -15.4 +1.4 -19.8 +1.6 -18.7 Europe 434.4 -0.7 -3.6 -0.6 -2.8 -0.4 -1.5 Pacific 983 4 +1.8394 words
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WORLD STOCK MARKETS
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Dow index tumbles on program selling
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Article, Illustration1184 1990-04-21 13 LATE AFTERNOON program selling sent an already weakened US stock market reeling on Thursday. A series of disappointing earnings reports, soft bond prices and worries about a resurgence of inflation kept the mood on Wall Street bearish. The Dow Jones Industrial Average tumbled 20.9 points to close at1,184 words
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Article, Illustration830 1990-04-21 13 LONDON share prices were just slightly higher at midday yesterday. Analysts said there was a lack of investor interest in the middle of a three-week trading account. London's Stock Exchange divides trading into two-week and threeweek trading periods for accounting purposes. The market was drifting and was likely to830 words
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Article289 1990-04-21 13 DUTCH stocks were mixed in quiet early trading yesterday with the market lacking a clear sense of direction, dealers said. At 0905 GMT, the CB-S AllShare Index was at 118.9 points, 0.1 above Thursday's close. Transport group Nedlloyd fell another 2.50 guilders to 93.40 after Thursday's 11.20 slump on289 words
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Article274 1990-04-21 13 WEST GERMAN share prices ended slightly higher yesterday, but off the highs of the day, with market activity mostly restricted to position squaring ahead of the weekend, dealers said. "There was no real interest in the market from either international or domestic investors," one share trader said. Traders said274 words
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Article283 1990-04-21 13 STEADY foreign buying yesterday pushed blue chip stocks in Paris higher through the morning on the last day of the account, surprising French dealers by the strength of demand. "This is exceptional and bodes very well for next week when the new account opens," one dealer said. He added283 words
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Article213 1990-04-21 13 MILAN share prices opened weaker yesterday, continuing Thursday's downward trend, in active trading volume focused on stocks in the De Benedetti group, brokers said. The MIB Index was down 0.2 per cent at 0930 GMT, with 45 per cent of closing prices fixed. Olivetti, actively traded on Thursday, climbed213 words
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Article379 1990-04-21 13 SWISS SHARES traded mixed to firmer at midsession yesterday. Dealers said activity centred on Ciba-Geigy after the company said it was withdrawing a planned capital increase because of its falling share prices. In addition to that, Ciba-Geigy also said its employee foundations would acquire 360,000 registered shares by buying379 words
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Article336 1990-04-21 13 GOLD SHARES in Johannesburg were mixed to slightly easier at midday yesterday in dull trading due to a lack of fresh stimulus in a stock market hamstrung by continued political and economic uncertainties, dealers said. Heavyweight Southvaal shed three rand at 162 and Randfontein 35 cents at 22.75 rand336 words
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Article249 1990-04-21 13 Brussels Apr 19 Francs FORWARD MARKET Acec 4890 +140 Arbed 5430 -20 Astur 1520 +5 Brascan 706 -12 Canpac 664 -14 Cock 205 I De Beers 746 -2 Ebes 4280 -20 Gb-Inno-Bm 1334 -6 Gevaert 8450 50 Gr Bru Lamb 3965 -10 Hobok Petro ***** -100 Ryl Dutch 2610 -15249 words
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Article85 1990-04-21 13 Apr 19 Owe Previous NEW YORK Dow Jones 2,711.94 2,732.88 -20.94 NYSE Financial 139.28 140.29 -1.01 SAP 500 338.09 340.72 -2.63 Turnover (million) 159.9 147.1 +12.8 L0MD0N Financial Times 30 1,712.2 1,732.6 -20.4 FTSE 100 2,184.7 2,205.9 -21.2 Turnover (million) 491.9 352.5 +139.4 AMSTERDAM CBS General 197.20 198.60 -1.40 BRUSSELS85 words
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CURRENCY, MONEY & FUTURES MARKETS
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1137 1990-04-21 14 FOREX MARKET REPORTS Reuter THE US dollar closed higher on Asian foreign currency markets yesterday, a reversal from Thursday's sharp fall. It started at 156.78 yen in Tokyo yesterday, down from Wednesday's high of 160.18 yen. Dealers said steady buying boostedReuter - 1,137 words
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Article390 1990-04-21 14 Cross rates Apr 20 US$ SS MS Dm Yen SFr A$ NZS USS 1.8770 2.7190 1.6785 157.10 0.6081 1.4830 1.2962 1.7153 SS 0.5328 1.4486 0.8942 0.8370 0.3240 0.7901 0.6906 0.9138 MS 0.3678 69.03 0.6173 0.5778 0.2236 0.5454 0.4767 0.6308 Dm 0.5958 1.1183 1.6199 93.60 0.3623 0.8835 0.7722390 words
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Article568 1990-04-21 14 Interbank rates s$ Bid Offer Overnight 6 1/16 6 3/16 1-month 6 1/2 6 5/8 2-month 6 5/8 6 3/4 3-month 6 13/16 6 15/16 Overnight mode: 6-1/4 t'SS Bid Offer 7 days 8 5/16 8 7/16 1 month 8 3/8 8 1/2 2 months 8 7/16 8568 words
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391 1990-04-21 14 Reuter A TOP US Treasury official called on Thursday for a stronger yen, saying the weak currency could upset global trade, and said he was not worried about recent sales of US Treasury securities by Japanese investors. Treasury Undersecretary David Mulford told aReuter - 391 words
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Article1447 1990-04-21 14 SIMEX EURODOLLAR Open High Law Sett Est Vol Opflnt Vol Jun 90 91.29 91.33 91.29 91.31 3730 ***** ***** Sep 90 91.14 91.18 91.14 91.18 3304 6983 ***** Dec 90 90.96 90.99 90.95 90.98 662 2513 2309 Mir 91 9083 90.88 90.83 90.87 408 618 3121,447 words
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COMMODITIES
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317 1990-04-21 15 AFP, Reuter PT TAMBANG Timah, an Indonesian state enterprise and one of the world's largest tin mining firms, has announced a five-year modernisation plan in a bid to become more competitive. Timah President Director Kuntoro Mangkusubroto said late Thursday that the plan aimed atAFP,; Reuter - 317 words
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226 1990-04-21 15 Reuter OPEC will hold emergency ministerial talks on May 2 to discuss ways of boosting sagging world oil prices, the group's president, Sadek Boussena of Algeria, said on Thursday. Mr Boussena said in a statement that a meeting of Opec's eight-nation monitoringReuter - 226 words
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130 1990-04-21 15 Reuter FIVE Japanese companies which signed a prepayment deal for Iranian oil have hit trouble after oil prices tumbled and unsold sour Iranian crude piled up in world refining centres, Gulf oil industry sources said. The companies Marubeni, Mitsui, Tomen, CReuter - 130 words
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828 1990-04-21 15 REPORTS THE Kuala Lumpur Tin Market (KLTM) retreated from earlier gains to close six sen lower at MS 17.46 per kg yesterday as prices succumbed to profit-taking ahead of the weekend. At the opening, bids totalled 60 tonnes against offers of 112 tonnes. Of828 words
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Article1337 1990-04-21 15 Rubber Apr 20 MS («■>!■ S cents/kg Noon Close Int I RSS Prompt I53.00/154.00N 154.25/155.25 Int 1 RSS May 90 156.00/156.50 157.25/157.75 Int I RSS June 158 50/159.00 159.75/160.25 Int 2 RSS OP 151 25/I53.25N 152.00/154.00N Int 3 RSS OP I45.75/147.75N 146.50/148 50N Int 4 RSS OP 141.75/143.75N 142.50/144.50N1,337 words
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Page 15 Advertisements
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Advertisement15 1990-04-21 15 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.15 words
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Advertisement427 1990-04-21 15 NOTICES INTHE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF DAIUNI MOLD MFG PTE LTD On Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of toe Companies Act Cap. 50. toat a Final Meeting of the Members of toe427 words
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Advertisement336 1990-04-21 15 B.H.T. DOULATRAM CO. PTE LTD. (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act (Chapter SO) a final general meeting of the above named company will be held on 21st May, 1990 at 10.30 a.m. at the office of336 words
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Article, Illustration460 1990-04-21 16 Anna Teo - By Anna Teo in LONDON WITH ITS historical links with the Far East, Britain is in the best position among the European powers to play the bridging role between the Asia-Pacific region and the new Europe, said First Deputy Prime Minister460 words
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Article299 1990-04-21 16 SINGAPORE and UK share common perceptions on the importance of shoring up confidence in Hongkong, according to First Deputy Prime Minister Goh Chok Tong. Stopping to talk to reporters outside 10 Downing St after his meeting with British Prime Minister Margaret Thatcher yesterday, Mr Goh added299 words
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262 1990-04-21 16 Loh Hui Yin - By Loh Hui Yin in TOKYO EASTERN Europe will not easily replace South-east Asia as an important place for Japanese investments, so long as the region stays competitive, says Trade and Industry Minister Lee Hsien Loong. "I think they (Japanese) are262 words
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464 1990-04-21 16 AFP THE INDONESIAN economy, having successfully adjusted to become more market-oriented, is now on the verge of taking off with more growth and opportunities for the rest of this century, Coordinating Minister for the Economy Radius Prawiro says. New records were broken inAFP - 464 words
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380 1990-04-21 16 LITHUANIA'S respected Communist Party chief said yesterday that his republic must compromise on some independence steps or face critical Kremlin-imposed shortages of oil and natural gas by May. "In two weeks we will have a critical situation," Algirdas Brazauskas told the Lithuanian parliament in380 words
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250 1990-04-21 16 THE FORMER vice-presi-dent of Sun Hung Kai Securities' Hongkong desk was yesterday charged with not taking reasonable care in ensuring that his juniors complied with the provisions of the Securities Industry Act. Edward Mui Cheuk Sang is alleged to have violated Section 107250 words
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Article243 1990-04-21 16 Reuter JAPAN, usually under fire internationally for running huge trade surpluses, was in the red in the first 10 days of April. A sharp increase in crude oil imports, coupled with a continued slump in overall exports, helped account for the deficit in Japan's cus-toms-clearedReuter - 243 words
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Page 16 Advertisements
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Advertisement126 1990-04-21 16 Tasty Teochew at Chao Zhou LJ Ctidcn PfafMfa CHAO ZHOU GARDEN restaurant pjfe&lpy LmH 6 UIC Building Shenton Way Tel: 225 6355 Contest Results Congratulations!! Ms Caroline Liew, IC No: *****69 You have won a $200 Dinner Voucher at Fourchettes at The Oriental Singapore Ms Michele Rasanayagam, IC NO: *****25/E126 words
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Advertisement7 1990-04-21 16 Bush consulting Nato on Lithuania, Pg 77 words
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Advertisement295 1990-04-21 16 Fresh delights at Kampachi akTTIRAMPAWr Level 6 UIC Budding Shenlon Way Tel": 222 4615 WINE DINE in style Wine Dine features the best of food and drink and the finer style of living. Subscribe to Wine Dine and savour a magazine which describes Nouvelle Cuisines food for thought and enjoyment.295 words
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Executive Lifestyle
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Article, Illustration1768 1990-04-21 17 Jaime Lye - They're the new boat people those with the money and the vessels, but not enough marina space to park them. Jaime Lye looks at the joys and the plight of the urban sailor Jaime Lye EVER SINCE Man sailed his first paper boat down the1,768 words
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STRAWS IN THE WIND
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Article55 1990-04-21 17 IF you want to buy a Ralph Lauren shirt in Japan, what do you say? Ralph Lauren? No. In a land of people who make great sushi but mix up their Ys and Ts, it's Raruf Rohren. Poor Ralph. Maybe he should consider changing his name to Raruf,55 words
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Article68 1990-04-21 17 WHEN you go to the cinema, they tell you: don't smoke, don't litter, don't place your feet on the back of the seat in front. They should add handphones to the list. Halfway through a screening of Blue Steel, a phone rang. Instead of Jamie Lee Curtis picking68 words
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Article90 1990-04-21 17 PLENTY of rules abound when you ride on the MRT. But even if you don't eat, smoke or take durians into a station, you're still breaking the rules when you buy a stored-value ticket. That's because for every ticket you buy, you get a card from90 words
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Article30 1990-04-21 17 According to Punch, several Iraqi officials, who are secretly trying to find ways of getting rid of President Hussein, are now persuading him to introduce a Polls Tax.30 words
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OPINIONS
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412 1990-04-21 18 Donald Goh - LETTERS TO THE EDITOR Donald Goh Head, Public Affairs Department Environment Ministry I REFER to your article "Wanted: a recipe for home-cooked entrepreneurship" (BT, March 29). The measures taken by the Environment Ministry to close down illegal food factories and disallow home-prepared food to be412 words
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Article124 1990-04-21 18 Ng Tien Chan - Ng Tien Chan MR S CHANDRA DAS quotes Machiavelli's observations on generosity in his letter to this page last weekend. In spite of the derisive tone of his letter on what many still consider a valuable human trait, I hope many others, like myself, will continue124 words
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Article56 1990-04-21 18 Tong Chee Wah (Perry - Tong Chee Wah (Perry) YOUR NEWSPAPER could consider starting an odd-lot column to help those people with such holdings to dispose of them. Editor: Under the CLOB system, you can ask your broker to put up a two-way quote. There are professional odd-job dealers who will56 words
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766 1990-04-21 18 Lee Han Shih - In a rapidly changing property market, timely statistics are of the essence, and Lee Han Shih argues that it is within the means of the Urban Redevelopment Authority to trot them out earlier Lee Han Shih Lee Han Shih is BT's Property Correspondent LAST WEEKEND,766 words
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Article, Illustration987 1990-04-21 18 Tye Kim Khiat - The save-water campaign is likely to go down the drain once the rains come. Tye Kim Khiat says that need not be the case Tye Kim Khiat Tye Kim Khiat is BT's Deputy Features Editor IF I COULD hold off the rain clouds for987 words
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Article, Illustration911 1990-04-21 18 Harish Mehta - Harish Mehta Harish Mehta is on the Foreign Desk Indian armed forces blitz through Pakistan-controlled Kashmir and advance towards Islamabad. The Pakistan government is pressured by the Pakistan army to stop the Indian forces by dropping a nuclear bomb. Pakistan911 words
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REWIEWS
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Article, Illustration464 1990-04-21 19 Samuel Ee - Tapping his toes to the strains of the lambada, Samuel Ee speaks to Singapore's leading exponent of the risque dance to find out if the South American dance has caught on, on our tiny tropical isle Samuel Ee Mr Rafael Chua, when did you first pick464 words
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Article, Illustration369 1990-04-21 19 Dexter Lee - Dexter Lee found that he could not stomach Noel Coward's 'most brilliant comedy' Dexter Lee THE LEADING lady was sick, the plot was sicker and so was I after Noel Coward's "most brilliant comedy", Private Lives, sick to the stomach. There were the witty repartees and369 words
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593 1990-04-21 19 Chuang Peck Ming - BOOK REVIEW By' Chuang Peck Ming The House of Nomura By A 1 Alletzhauser Bloomsbury 343 pages. $49.90. AT Nomura Securities, salesmen who don't meet their commission quotas have their chairs taken away and are made to stand like naughty schoolchildren who didn't do their593 words
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Article, Illustration519 1990-04-21 19 Samuel Ee - Samuel Ee takes a potshot at another cop-after-killer movie Samuel Ee TIME FLIES when you're having fun, so says the cliche. If that's anything to go by, the clock probably stops every time Blue Steel comes on. Besides looking like some darkroom519 words
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PURSUITS
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Article, Illustration392 1990-04-21 20 Quek Swee Peng - Quek Swee Peng takes a walk through the Han Dynasty's treasure tunnel to uncover an exhibition of more than 200 pieces of priceless 2,000-year-old artefacts Quek Swee Peng Guarding the magnificent mansions and elaborate tombstones of kings and noblemen was the sculpture of the chimera.392 words
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Article, Illustration301 1990-04-21 20 Public viewing of Sotheby's modern Chinese paintings at Empress Place THE GREAT artists would have been surprised: that their brush strokes would be frightening the walls of the •Empress Place Building. While hundreds and thousands whisk off on their yearly sabbaticals to the major301 words
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Article408 1990-04-21 20 Van Gogh exhibition in Holland i The Economist VINCENT VAN GOGH sold only one painting in his tormented lifetime, and died destitute. When Irisis was sold by Alan Bond to the Getty Museum last month to relieve his own debts, he is said to have wanted USs6smThe Economist - 408 words
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SPORTS
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Article432 1990-04-21 21 Jerome Fandor - ON TRACK By Jerome Fandor THERE is no firm betting mvourite for tomorrow's *****0,000 Perak Derby. The Jxarly betting centres more jKOund how many horses •fcan Allan can get on board $ith his four starters than nphich horse will win this grueling 2400 m classic. It432 words
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Article, Illustration640 1990-04-21 21 A Surendren - DHL Singapore Open By A Surendren ONLY TWO SEEDS remain in the semi-finals of the DHL Singapore Women's Open tennis tournament at Kallang. One of the favourite wild cards of the tournament, Patricia Hy of Canada, took a bow, but Naoko Sawamatsu, a wild card as well,640 words
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SIDE LINES
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92 1990-04-21 21 ROBERT SEGUSO and Ken Flach clinched a place in t&r semi-finals of the US$3OO,OOO WCT World Doubles Chaatpionship on Thursday night with a 6-3, 6-4 win over Jfrjr Grabb and Patrick McEnroe. Anders Jarryd of Sweden and David Pate of the U£v playing together for92 words
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Article110 1990-04-21 21 THE PHILADELPHIA 76ers clinched their first Atlan& Division championship since 1983 on Thursday night 2j£ Charles Barkley scored 36 points to pace a 107-97 vicfcjy over the Detroit Pistons in a game marred by a melee in the closing seconds. .Si The altercation erupted with 14.8110 words
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Article112 1990-04-21 21 THE BALTIMORE Orioles, taking advantage of eight waljsj gave their fans a home opener worth waiting for as Dau* Johnson scattered seven hits over six innings on a 4-2 victory over the Detroit Tigers. The Orioles, who were supposed to open at home on Apinl112 words
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Article54 1990-04-21 21 AMERICAN Jim Andrews' Abracadabra continued to hofil the lead on Thursday in the second day of the Caribbean teg of the 15m Yacht Association World Cup being held off Thomas. Abracadabra, a Reichel-Pugh piloted by forme* America's Cup helmsman John Kolius, is in ninth plabb overall in54 words
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Article83 1990-04-21 21 THE FIRST ALL-FEMALE crew in the Whitbread Round the World yacht race is conquering sexism along with ic&-. bergs, thunderstorms and 15m waves. The Maiden, a 17.7 m yacht skippered by Tracy Edwards of Britain, outraced all other boats in its class during two lags of83 words
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Article48 1990-04-21 21 BRITISH racing driver Nigel Mansell crashed during Formula One team trials on Thursday and was taken to hospital with a suspected fractured wrist. Mansell spun off the rain-swept track into a wall, injuring his right wrist and slightly damaging the nose of his new Ferrari.48 words
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Article62 1990-04-21 21 ITALIAN Michele Moro won the third stage of the Tour of Apulia cycle race on Thursday with a final sprint a kilometre from home which leader Guido Bontempi's team failed to answer. Bontempi finished 10th for the second successive day but the Italian managed62 words
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Article63 1990-04-21 21 TWO-TIME SPRINT world champion Greg Foster was suspended for three months after failing a drugs test. Foster, 31, underwent a drugs test in January during an indoor meeting in Los Angeles. The sample revealed the stimulant, phenylpopalonamine, which is on the list of substances banned by the63 words
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Article, Illustration267 1990-04-21 21 AP FIVE PLAYERS shot 67s on Thursday to share the firstround lead in the Madrid Open, while defending champion Seve Ballesteros slumped to a 76 and was tied for 128 th place. The leaders, all at 5-under par, were Australians Mike Harwood and Rodger Davis,AP - 267 words
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Article192 1990-04-21 21 AP CHARLES COODY scored a hole-in-one and an 18th-hole eagle on Thursday as he and Dale Douglass combined for a 13-under-par 59 and a 5stroke lead in the Legends of Golf. Coody scored his ace with a 7-iron on the 142-yard third hole and capped his first-roundAP - 192 words
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Article, Illustration405 1990-04-21 21 AP FOR THOSE who may wonder if Emerson Fittipaldi is fitting into the Penske Racing team, here's a story from Rick Mears about his new teammate. "One day, we were testing and I went out first," Mears said. "I made some changes and setAP - 405 words
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EPICURE 1
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Article, Illustration483 1990-04-21 22 Quek Swee Peng - Quek Swee Peng shares her recipe for a scintillating tea party at home Quek Swee Peng OCCASIONALLY, the cooking instinct surfaces; the party mood prevails. Friends hint at an invitation to tea. Some drop broad hints; other demand an invitation. Traditional English tea parties of the genteelPunch - 483 words
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Article, Illustration878 1990-04-21 23 Richard Seah - Richard Seah urges green consumer and green entrepreneurs to stand up and be counted Richard Seah The writer is editor of The Good Life, a health magazine ARE YOU a green consumer? posters at Body Shop outlets ask in their commemoration of Earth878 words
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Article, Illustration808 1990-04-21 23 N K Yong - Jadot's wines have an impeccable reputation. N K Yong takes a look at how they are produced and samples some of them. N K Yong IHAVE in my possession a very old bottle dating way back to 1911. Alas, it is empty and it808 words
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Article, Illustration590 1990-04-21 23 Sybil Holloway - BRIDGE By Sybil Holloway BRIDGE teachers and bridge textbooks tell students that suit overcalls should be made with at least a five-card suit preferably headed by two top honours and that you should not overcall if you have four or more cards in opener's suit.590 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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60 1990-04-21 24 WHAT IS the "sickest" financial instrument in Singapore? According to some people, it is the rights issue proposed by OCBC Bank, which comes in an odd ratio of six for 100. This works out to one new share for every 16.**********7 existing shares. As a60 words
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Article118 1990-04-21 24 TALK ABOUT the stockbroking industry being staffed by young (and rich) people. The man who recently took control of the huge Fidelity Magellan Fund (with investments of US$l3 billion) is a 32-year-old highflyer called Morris Smith. Smith took over from superstar Peter Lynch who retired after118 words
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Article37 1990-04-21 24 A JAPANESE OFFICIAL from Nomura assigned to New York asked his boss: "How long will I live there?" "Until you die," came the reply. Japanese tradition for life-long employment is still very much alive!37 words
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Article, Illustration69 1990-04-21 24 HONGKONG HOTELS are cashing in on the 1997 changeover. They are taking reservations for the night of June 30, 1997, when Hongkong reverts to Chinese rule after 155 years as a British colony. Leading them is the 5-star Excelsior Hotel which is charging a two-nightPunch - 69 words
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Article615 1990-04-21 24 PrtCM (a a at 2.3.90) Convoraktn tarma PramiurrV (dlacount) Expiry n Optional** iiAinn Amount ""f Gaaring 4 Company tMUad Wrta Shi 3 Ln atk Lnetk Data m unit*) Conv ratio Exar prioa nom valua Caah< Ln atk 8 latt CKTang Causeway Inv Chuan Hup 16.9 7.2615 words
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Article1137 1990-04-21 24 Rosie Tan - Rosie Tan reports on a recent survey on fund managers' perforiiance Rosie Tan TOP FUND managers in the world last year had this in common a sizeable portion of their funds was invested in the newly emerging markets including Singapore and Malaysia, which produced1,137 words
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217 1990-04-21 24 AS IF TO underscore the importance of treasury functions to the group, National Iron and Steel Mills (NISM) is bringing in a noted "Gann" chartist, Mr Fred Stafford, to conduct a seminar in Singapore. The seminar next Friday is being organised by one of217 words
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745 1990-04-21 24 STOCK SUPPORTED BY a strong management team and an established clientele of some 450 customers in a resurgent marine industry, Horiguchi En- gineering Co Ltd can look to the future with confidence. The company launched its public offering of 10.5 mil- lion shares745 words
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Article, Illustration189 1990-04-21 24 C H ART Cresvale Hongkong TRADING in the Singapore market was sluggish this week following the Easter holiday. The ST 11 was confined within a 12-point range and closed marginally lower at 1,520.56. Average daily volume shrank to 31.74 million units, compared with a turnover ofCresvale Hongkong; Source: Cresvale - 189 words
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348 1990-04-21 24 FT ROYAL Trust Asset Management (RTAM) and the Skandia Group has launched an investment which guarantees an investor a profit not only when the equity market rises but also when it falls. This latest development in guaranteed equity funds is called theFT - 348 words
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Article, Illustration608 1990-04-21 25 Alvin Tay, Quak Hiang Whai - Strong currency and higher interest rates two reasons why you should take another look at the Singapore dollar. Alvin Tay looks at the currency factor, while Quak Hiang Whai surveys what the market is paying for S$ deposits. Alvin Tay, Quak Hiang Whai608 words
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Article1128 1990-04-21 25 A STRONG Singapore dollar is just one reason why local investors are opting for fixed deposits denominated in the local currency; another equally important reason is the rising domestic interest rates. An industry-wide survey by Business Times earlier this week shows the Republic's 35 full-licensed1,128 words
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505 1990-04-21 25 Jenny Lim - TAXING By Jenny Lim Jenny Lim is a tax partner of an international accounting firm. UNDER general taxation principles, tax is imposed in the country of source. For employment income, however, there are situations where the income is again taxed in505 words
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EXECUTIVE JOBS
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1006 1990-04-21 26 David Marchington - True, a regional management position is no bed of roses. But David Marchington believes there is compensation enough David Marchington The writer is managing director of Korn/Ferry International WHAT DO YOU get for spending half or more of your working life in1,006 words
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264 1990-04-21 26 AFP A TOP Japanese tyremaker has accepted the demands of eight Filipino trainees who left the company because of working conditions and agreed to abolish their 12hour workshifts, Kyodo News Service said in Tokyo on Thursday. The agency quoted officials at the Osaka-based ToyoAFP - 264 words
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849 1990-04-21 26 Barbara Richards - Barbara Richards outlines some do's and don'ts on finding a job through an employment agency. Barbara Richards The writer is managing director of sialltek IF YOU WANT to join the job-hunting brigade, there are some specific ways to tackle the task: scan849 words
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Article, Illustration323 1990-04-21 26 Gan Eng Kiat has been appointed vice-president and head of Royal Trust Merchant Bank's private banking department. Prior to joining RTMB, Mr Gan, 37, was vice-president and country credit officer at American Express Bank Ltd (Singapore). He specialises in property financing and in dealing with local supranational323 words
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Article991 1990-04-21 27 City FNgkt ETA Fligkt ETD City Fligkt ETA Fligkt ETD AknDkaki GA976 0010 SQ111 MH613 MH644 SQ1I5 1705 1820 1900 2005 MH631 MH610 MH643 SQ114 1620 1645 MaWda SQ22* QF81 S 2035 2105 1715 1745 Amsterdam SQ23 07E >5 KL838 2115 MH619 2135 MH6I6 1900 KL831991 words
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THE TRAVEL PAGE
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Article, Illustration714 1990-04-21 27 Alexander Norman - LETTER FROM NAPLES By Alexander Norman Naples is so like Calcutta: the dust, the dirt, the faded colours. Seen in the early morning there is the same feeling of walking into someone's drawing room an hour after the last guest left: the evidence of714 words
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Article152 1990-04-21 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4400 1.4600 Canadian dollar 1.5980 1.6180 NZ dollar 1.*****.***** Sterling pound 3.065 3.085 US dollar 1.8725 1.8825 IxKal dollars to 100 units of foreign currency Austrian schilling 15.60 16.60 Belgian152 words
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Article114 1990-04-21 27 Duration Title Venue Otpmaer Td Apr 5-23 International Buenos Fundacion (54)1/*****65 Buenos Aires Aires El Libro Exhibition Apr 17-22 International Zagreb. Zagrebacki (38)41/*****6 Days of Tourism Yugoslavia Veiesajam Apr 18-21 Home and Vienna Wiener Messen (43) Environmental und Congress 222/*****4-0 Technology Fair GmbH Apr 21-26 International Barcelona114 words
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TIME OFF
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Article216 1990-04-21 28 An Evening of German Barouque Music by The La Salle Baroque Players, directed by Lynettc Lim. The programme includes Handel's Concerto Grosso Op 6No 2 in F; Concerto for 4 violins by Telemann; Pachclbel's Canon; Bach's Orchestral Suitc No 2 and Mannheim Sinfonie No 2inA by StamThe Stuttgart Baiiet216 words
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Article, Illustration356 1990-04-21 28 K Jayanti - Compiled by K Jayanti Old, Impressionist and Modern Works Local art enthusiasts and collectors will have a chance to view and acquire an impressive array of works. About 200 works, some of them featuring extremely rare, old and expensive works in a spectrum of media ranging f rom o356 words
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Article, Illustration520 1990-04-21 28 Always. Tedious love story about the spirit of a dead fire-fighting pilot who goes back to encourage whoever doesn't need his soliloquy. Overacted and overly long. Stars Richard Dreyfuss, Holly Hunter, John Goodman and Audrey Hepburn. Prince 2: 11; 1.30; 4; 6.45; 9.15. Republic 2: 1.30; 3.30; 7; 9.520 words
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Page 17 Advertisements
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Advertisement144 1990-04-21 17 ansa Since 1735 there has never been A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. u S jam ii«. e e -Jfc, »i#» v 'jA SP*^ Modrt shown: 6595 1418 58 .15. BlancpaiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by144 words
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Page 18 Miscellaneous
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Miscellaneous31 1990-04-21 18 DOONESBURY f I] TmtfxxsrMGemNGia&M-X HOPBYOU IZWIZK meew- laotcar (mMxusumSMONeoF SNXVXXR umiNe I?tanp HIMSIANP--IWS6! ICANfm-THBK-HOT HWATt LMTHeK ABSOtmU mifeftß icANißeu&emeif... ptsAmtm.'. _5 N i/*-55=J staes/Too' svS. snu.... stmng j awe* 5 /KSA9SN.'^31 words
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Page 22 Advertisements
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Advertisement216 1990-04-21 22 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by word-of mouth. ißt jf For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. *****100r338 8585ext *****/6. BUM216 words
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Advertisement346 1990-04-21 22 HWrREeOO ©9NGAPORE Presents CAREER WOMEN OF THE 1990s byRENESALUD 23 to 25 April. 27 28 April 1990 (5 days) Crystal Ballroom $35 nett per person 12.00 NOON to 2.00 RM inclusive of a local buffet menu and fashion show Outstanding models and beauty queens from me Phippnes and Imp International346 words
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Advertisement153 1990-04-21 22 Sky Garden Poolslde Daily: 6.30 10.30 pm Adult: $12.50 Child: $8 *Complimentary birthday cake for a Plaza Hotel minimum of ten Please make rnmmmmmmmmimmm reservations 4 days In advance h«-* n7» n *tmm L M U m VY<^>U H 2SS??^J #r*f® V# Fax Yoii Can Go Secretaries' Week\il Get away153 words
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Advertisement221 1990-04-21 22 PROVINCIAL RUFFE! A. r lillQl 35 culinary gems, uncovered from six major provinces of China. Authentic treasures from Jiangsu. Beijing. Yunnan, Sichuan, Guangckxg and Stag*!. In a sumptuous buSet lunch. Only at the Pine Court Adult $26++,ClrfUbekm lfrsi4++. From April 1-30, ooa& to 230pm. jm kktiMpA tfJ.ijjJlEi arcap prwiwbm branM221 words
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Page 23 Advertisements
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Advertisement202 1990-04-21 23 AND ENTERTAIN Add A Little Spice To Your Secs Life. SECRETARIES' WEEK U SPECIALS APRIL 13 W VV TO 25, V AND 2* I >vSr Iflk. RESERVATIONS 111 7)2 1222 EXT IM3. 1! PRICES ARE SUBJECT I TO 10% SERVICE CHARGE AND f* CESS. It's Secretaries' Week, April 23 to202 words
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Advertisement184 1990-04-21 23 |/""'Tradlttona^nieflnedSuBh^^ AOYAMA O-ZUSHI IS Enjoy traditional refined Sushi in the cosy ambience of a wood-panelled Japanese Inn. Our chefs recommendations from the 5 day's selection should not be missed! V IQNGI^r 5^0316 Ail manner of Teochew delicacies await you at two very convenient locations —on Battery Road in the Business184 words
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Page 25 Advertisements
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Advertisement97 1990-04-21 25 4a25% p.a. I I DAILY INTEREST! I I I I Hong Leong Finance to find out about our I and Singapore Finance now offer new Fixed Deposit rates, please call H| you 4.25% on your Savers Plus Daily OQ] 00 !2) at 222 5544/222 8844 H Interest Account. We give97 words
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Page 26 Advertisements
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Advertisement157 1990-04-21 26 For other reasons, send in your subscription now. i in hhi hi m i Please send I name: name: I Address: Address: I Occupation: Occupation: Tel: Tlx/Fax: Te Tlx/Fax: AIRMAIL SUBSCRIPTION RATES: I I want to subscribe for months at S/US$ III! I I enclose: Sscheque/money order courmucs' I2mths 6mth»157 words
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Advertisement241 1990-04-21 26 DHL IN THE NEWS Advertisement iCTAUCDC' CI IDDADT DHL was also the proud recipient of the VsUw I VjlVlCriw wUrrUn I first-ever National IT Award 1990 presented by the National Computer Board. DHL emerged winner DRIVE DHL TO WIN in the Pnvate Sector from a total of 84 nominations UMI241 words
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Page 27 Advertisements
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Advertisement51 1990-04-21 27 "W "W "W A Tht buiiness prtTon'i choice every Tueiday, m I II g g f Thurtday, Saturday and Sunday. Leaving Changi L\ I Airport at 2155 houn and arriving at o*Harc ——-a CmU yonr trtvti Mgent or Ait Ctruuls dt 7J2 Sff i^7\ A Breath Of Fresh Air Air51 words
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Advertisement185 1990-04-21 27 could be a controversial deal between two stock market stars, a thought-provoking report by university i researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business Times,185 words
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Page 27 Miscellaneous
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Miscellaneous212 1990-04-21 27 I Promise to donate an arm 8 Raise a collection of sus- pects perhaps (5,2) II One frequenting a posh fl 13 Steward at some more I^ 21 On returning record about model, notice the paper 23 Arrive in a vehicle whilst HH__ 25 Article by unusually mature layman (7)212 words
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Miscellaneous216 1990-04-21 27 Singapore OUTLOOK: Showers over several areas ia the afternoon Report for 24 houn prior to 7.30pm on Apr 20 at the airport: Max leap 34* ,'11"26.2 Assoc humidity 83 Hra of sMshlse 9.40 Raia&ll ia am ail Rainfall this mth..... 44.0 Forecast for the rest of the world: Asia- Max/216 words
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Miscellaneous19 1990-04-21 27 iA Q ot 4-r khou> lomv rue n twoughT A (sg^'ssy aj \d=i Q EWMO tTAMOAMO CO. LTO-. im-HM19 words
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Page 28 Miscellaneous
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Miscellaneous1457 1990-04-21 28 TODAY'S TV I Hi 10.35 tducjtkmji TV. 10.55 Hear Me Out, Deari 11J5 Body Watch. Winnie, 2.10pm, TVI Dealing With Dogs, 6.30pm, "-JJ l*!*"*™. For being slightly f lj r.^T^mUmiixkyoung is institution- you learn how umentary). alised. But tries y Qur <Jc>ggie to 1.44 Rampai Kinabalu. that she can go1,457 words
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Miscellaneous668 1990-04-21 28 MOVIES ON TV Born to Dance, Mon, Wed, U.3op«, SBC 5 10.30pm, SBC 12 When a tough cop is framed A repeat of a 1937 musical in for the murder of a prostitute which two women compli- and sent to prison, the cons cates life for a Navy man. make668 words
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