The Business Times, 12 May 1990

Microfilm: NL17017
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Weekend May 12-13 1990 75*
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  • NEWS & MARKETS SUMMARY
    • Article
      Dow Jones higher
      47 1 WALL STREET stocks showed strong gains over a broad area. Stocks followed bonds higher on surprise drops in monthly producer price and retail sales data when gains were expected. The Dow was up 13 at 2752 after rising to 2755 early in the session.
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    • Article
      Footsie higher
      40 1 SHARE PRICES were higher at midday yesterday as the market breathed a sigh of relief over better-than-expected British inflation figures. At about 1115 GMT, the FTSE 100share index was up 11.6 points, or 0.5 per cent, at 2,168.6.
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    • Article
      US prices fall
      45 1 IN A SIGN that the recent surge in US inflation may be abating, wholesale prices fell for the second month in a row as the Producer Price Index dropped an unexpected 0.3 per cent in April, the US Labour Department said yesterday.
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    • Article
      Wider role for Sisir
      37 1 SISIR has been given a wider role to help leading the technological push for Singapore companies. It can now give cash grants up to $300,000 under the Product Development Assistance Scheme Page 2
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    • Article
      East bloc trade
      26 1 SEVERAL local heavyweights will leave today for a 12-day trade mission to the East European countries of Poland, Czechoslovakia and Yugoslavia. Pig e2
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    • Article
      Directors' 'no' to UIC
      31 1 SINGLAND's directors, digging in their heels in the face of mounting pressure from predator UIC, have declared their intention not to accept UICs takeover offer. Page 3
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    • Article
      KL approves stake
      33 1 MALAYSIA'S Finance Ministry has approved a disputed 23.52 per cent stake held by Inter-Pacific Industrial Group Bhd in cash-rich gaming firm Magnum now controlled by Multi-Purpose Holdings Bhd. Page 3
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 773.72 +5.71 Kuala Lumpur ....555.26 +3.06 Hongkong 2,960.46 -24.96 Tokyo 31,512.14 +531.88 Sydney 1,484.7 +11.10 Thursday Change New York 2,738.51 +5.63 London 2,157.02 -5.7
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SSI.8560 Yen (100) S$ 1.2072 MS SS0.6893 Money market rates Overnight 6 1/8 -1/16 3-month 7 3/16 unch
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    • Article
      COMMODITIES
      23 1 London Gold PM fix US$368.55 -3.20 RMMmt S'porc June l59.50*/kg -1.50 Nfsia June... 229.00»/kg -0.50 KL Tin Turnover -tonnes Spot M$17.20/kg +0.12
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  • Article
    US dollar sinks to record low against S$
    242 1 THE US DOLLAR yesterday plunged to an all-time low of SS 1.8530 against the Singapore dollar in nervous trading in the foreign exchange market here. Buckled by heavy selling pressure, the greenback fell against the Japanese yen and other major currencies in
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  • Article
    Lock icon Lithuania taps into its own oil supplies
    193 1 Agencies BREAKAWAY Lithuania, facing a Kremlin economic blockade which has dried up most of its energy supplies, has begun limited oil production of its own, Radio Vilnius reported yesterday. Lithuania reopened an old oil well and expects to produce 15 tons of crude
    Agencies  -  193 words
  • Article, Illustration
    Esso poised to make $1b investment decision
    380 1  -  By Lilian Ang THE EXXON group is on the brink of making a decision on whether to invest some $1 billion in Singapore or in the southern Johor port of Pasir Gudang. A favourable decision could see the biggest oil company in America
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  • Article
    Sheng Li plans listing for four subsidiaries
    426 1  -  By Lee Han Shih PLANS were announced yesterday to privatise a stateowned conglomerate the size of the Keppel group, starting with" the listing of four of its major subsidiaries this year, most likely on the main board. The entity is the Sheng-Li group,
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  • Article
    Lock icon Deng is alive: Beijing
    78 1 AFP CHINA yesterday formally denied new rumours that top leader Deng Xiaoping had died, which had caused tremors on regional stock markets. "The report is sheer fabrication with ulterior motives," a foreign ministry spokesman said with unusual swiftness when questioned. The rumours were prompted by the
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  • Article
    Citibank raises cash deposit for share applications
    322 1  -  By Lim Mui Khi APPARENTLY at the prompting of the authorities, Citibank yesterday raised the cash deposit for its share financing facility from 2 to 10 per cent. The facility had attracted considerable interest since its first full-page advertisement appeared in The Straits
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  • Page 1 Advertisements
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        The secret to successful automation
        77 2 A PRESENTATION on what makes successful automation of production lines will be given by Frank Riley, 61, senior vice-president of Bodine Corp. Titled "Management and Organisational Issues in the Implementation of Automation Programmes", the presentation will be held on May 16 at Sheraton Towers. Mr
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      • Article
        Another silver lining
        87 2 SILVER KRIS, SlA's inflight magazine, has flown into the limelight once again. A feature it carried, "Body Art in New Guinea" by Albrecht Schaefer, won the gold award for Best Self-illustrated Story at the 1990 PATA Gold Awards Programme held in Vancouver last week. The story describes
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      • Article
        Bidding for 'SBN' begins
        42 2 THE REGISTRY of Vehicles is inviting bids for car registration numbers in the SBN series. Those interested can bid between May 12 and 19. The minimum bid is $1,000 and all bids must be made on prescribed forms.
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      • Article
        Conmen alert
        65 2 THE HOUSING and Development Board advises HDB residents to beware of conmen posing as HDB officers. According to reports, some residents have been asked by these conmen to pay for repairs and installations. The board says it is not its practice "to make residents pay on the spot".
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      • Article
        Riau opportunities
        48 2 THt VISITING Indonesian Coordinating Minister for Economy, Financial and Industrial Affairs, and Development Supervision, H E Drs Radius Prawiro, called on Prime Minister Lee Kuan Yew today. He is here to discuss opportunities for cooperation in the development of the Riau Islands with the Singapore government.
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      • Article
        'Lightest' video camera
        60 2 THE NTSC version of the world's lightest and smallest VHS-C video camera was launched worldwide yesterday. Weighing 750g (without battery and casette), the Panasonic NV-S1 fits snugly in one's palm. Hagemeyer Electronics (S) Pte Ltd, its local distributor, says the PAL version for Singapore will be available
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    • Article
      Broader scope of activities for Sisir
      228 2 THE SINGAPORE Institute of Standards and Industrial Research (Sisir) has been given a wider role to help lead the technological push for Singapore companies. A Sisir statement yesterday said the Economic Development Board (EDB) had empowered it to give cash grants up to $300,000
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    • Article
      Telecom in ISDN tie-up
      121 2 AN AGREEMENT signed between Singapore Telecom and the Information Technology Institute (ITI) will help to boost Singapore's communication infrastructure. The agreement, signed on Thursday, calls for a joint applied R&D cooperation to develop Integrated Services Digital Network (ISDN) applications and products. It will run for three
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    • Article, Illustration
      TDB leads delegation to three East Bloc nations
      309 2  -  By Sangeeta Mulchand A NUMBER of local heavyweights will leave today for a 12-day trade mission to the East European countries of Poland, Czechoslovakia and Yugoslavia. The Trade Development Board-led group will include names like Keppel Corp, Haw Par Trading, Singapore Technologies
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    • Article
      Yugoslav group eyes Singapore
      130 2 THE NAME Gorenje probably doesn't ring a bell. But things mav soon change. Gorenje of Yugoslavia, an East Bloc conglomerate, sees Singapore as a potential market for its domestic appliances and is seeking local distributors and agents. It is making its first appearence here at the
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    • Article
      A peek into the home of the future
      331 2  -  By Phang Hsiao Chung THE "Home of the Future" will be the centrepiece at a consumer electronics fair to be held at the World Trade Centre from today until May 20. The exhibit's major attractions include Singapore Telecom's much-publicised Teleview system; Bang
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      481 2 teMj toy Hp Berth Armal Oeparfrrt inut Voy Wo toft Amvd Daprtre Ufliafves Tran Comfort E78 S02 12 05/0800 1305/0800 Asaan Unity 9011 K17 alongside 1205/1500 M Dnyunshan 4/90 K29 alongside 1105/2300 Gede 01/90 K31 alongside 1105/2230 Batam Ma|o *****0 M3B alongside 12.05/0500 Gomwald 44E K33 1105/2300
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    • Article
      CONTAINER SCHEDULE
      1375 2 RECEIVING OF EXPORT FCl CONTAINERS AND LCt CARGO Transtiner Schedules Sip Voy No An Date fine From To Bookinf Gate Bk Op Gdn A* Triumph ***** 14.05 90 0900 12/1330 12/1359 Portnet 2 P3 00 F05 13/0500 13/0529 NA 2 Amaka KCN005 14.0590 1100 12/1945 12/2029 Portnet 2
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    • Article
      IN MALAYSIAN PORTS
      266 2 Port Klanc South Port: Bangramard berth 3. Million No 2 berth 4; Pernas Safari berth 7A Nrthffl&M 11; Bangkhuntien berth 12; Kriti Rex berth 14; Max Victory berth 14; FNS Marine berth 15; FNS Duchumg berth 15; Renessi berth 17; Antara berth 17; Evpo Asia berth 18,
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Singland directors reject UIC's offer
      654 3  -  By Amy Balan SINGAPORE LAND'S directors, digging in their heels in the face of mounting pressure from predator United Industrial Corporation, have declared their intention not to accept UlC's takeover offer. Their decision and a company profit forecast, which was carried in a muchawaited shareholders'
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    • Article, Illustration
      UIC sells hotel in Texas to Deacon Chiu's group
      352 3  -  By Elaine Koh UNITED Industrial Corporation, in the midst of a takeover bid for Singapore Land, has sold the Dallas Park Plaza in Texas for US$lB.2 million to Deacon Chiu's Hongkong hotel group. UIC will reap a gain of US$3 million
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    • Article, Illustration
      Lock icon Daim approves Tan's stake in Magnum
      489 3 Reuter MALAYSIA'S Finance Ministry has approved a disputed 23.52 per cent stake held by Inter-Pacific Industrial Group Bhd in cash-rich gaming firm Magnum now controlled by Multi-Purpose Holdings Bhd. The approval sets the stage for two of Malaysia's youngest tycoons, Inter-Pacif-ic's Vincent Tan Chee
      Reuter  -  489 words
    • Article
      Lock icon Summa's purchase of Visia Finance gets approval
      370 3 Bernama MALAYSIA'S Finance Minister Datuk Paduka Daim Zainuddin has given approval in principle to SummaSurya group of Indonesia to acquire Visia Finance Bhd through its acquisition of the whole of Sim Lim Holdings Bhd, the 90 per cent owner of the Finance company.
      Bernama  -  370 words
    • Article
      Sim Lim Investments buys Perth hotel for A$12.5m
      438 3  -  By Lim Mui Khi SIM LIM Investments Ltd (SLI), the listed flagship of Indonesian conglomerate Summa, has made its first overseas acquisition a hotel in Perth for A 512.5 million (SslB million). The acquisition, made through its wholly-owned, Australian-based subsidiary, Masman Pty
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    • COMPANY BRIEFS
      • Article
        Pan Pacific Pub starts trading on Monday
        153 3 THE STOCK EXCHANGE of Singapore (SES) said local publishing and paper company Pan Pacific Publications Ltd has been admitted to the official list of Sesdaq (Stock Exchange of Singapore Dealings and Automated Quotation System). SES said trading in Pan Pacific's 31.53 million shares
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      • Article
        Kua buys more Sea View shares
        66 3 LOCAL BUSINESSMAN Kua Phek Long said yesterday he has, through his private company Century Land Pte Ltd, acquired an additional 707,000 shares in Sea View Hotel Ltd for $4,058 million or $5,739 per share. The latest purchase has raised his stake in the hotel
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      • Article
        Steamers gets new chairman
        92 3 KEPPEL CORPORATION executive chairman Sim KeeBoon has resigned as chairman of Steamers Maritime Holdings Ltd and is replaced by Mr Lim Chee Onn with effect* from May 11. At the same time, Mr Robert B Woods hasbeen appointed as a director of Steamers. In a separate
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      • Article
        Rohas to convert debts of JPC
        157 3 ROHAS SDN BHD and Wan Azmi Wan Hamzah, a substantial shareholder of Rohas, intend to convert the debts of Juara Perkasa Corporation Bhd (JPC) into equity of JPC at "an appropriate time in the future", Amanah Merchant* Bank Bhd (AMMB) said. In a circular
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      • Article
        KLI to revamp, sell unit
        74 3 KUALA LUMPUR Industries (KLI) yesterday announced .a restructuring scheme aimed at broadening its earnings base. The scheme includes a proposal to sell wholly-owned Kuala Lumpur Finance to UMBC Finance for MS 140,000 or one sen per share. Bee Hin Holdings, a property development, manufacturing and
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    • Article
      Tuan Sing proposes rights-cum-warrants issue
      343 3  -  By Magdalene Ng TUAN SING Holdings is tapping the market for $66.58 million through a proposed one-for-two rights issue with warrants at 47 cents a share to reduce its borrowings. In an announcement yesterday, Tuan Sing directors said funds raised from the exercise will also
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      244 3 Se 'ZOttfen, Make money writing earn while you learn y The Writing School, founded in 1949. shows how to write articles, short stories, novels, romances, radio and TV scripts, technical articles, children's stories etc. Top professional writers, through the medium of Die Writing School's comprehensive home study course, give individual
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Jardine, Dairy Farm seek London listing
        124 4 HONGKONG-LISTED Jardine Matheson Holdings Ltd and Dairy Farm International Holdings Ltd arc seeking a listing for their ordinary shares and warrants on the International Stock Exchange in London. Jardine expccts dealings in London to start on May 14. It obtained a listing for its
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      • Article
        Rothschild unit hit
        93 4 AN INVESTMENT COMPANY run by Lord Rothschild has seen its net asset value slashed, due mainly to the fall in the value of its stake in Anglo Group pic, a stockmarket vehicle behind Hoylake Investment Ltd's abortive bid tor BAT ndustries pic. RIT Capital Partners pic said
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      • Article
        Investor declares TV3 stake
        40 4 A PRIVATE Christchurch-based investor said he has a 5.07 per cent holding in TV3 Network Ltd. Michael Martin Sherry informed the exchange in a statement that he had bought 1.8 million shares of TV3 for $227,272.
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      • Article
        British Petroleum profit down
        119 4 BRITISH PETROLEUM said its net profit fell 5.2 per cent in the first quarter of this year over the same period in 1989 to £361 million. The figures, on a replacement cost basis, were below market expectations of profit of around £380 million. On a historical
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      • Article
        Limits put on Bond probe
        102 4 THE Western Australian Supreme Court has put some restrictions on a special investigation into Bond Corp Holdings Ltd, a lawyer for the company said. Bond Corp brought court action over the investigation, set up by Australia s corporate watchdog, on the grounds that its terms
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      • Article
        Pirelli to expand KL unit
        50 4 ITALIAN tyre maker Pirelli SpA will expand its rubber glove manufacturing unit in Malaysia to meet rising demand, a company official said. Emilio Casncdi, chairman of Pirelli Prodotti Diversification, said it planned to double its annual capacity of 10 million pairs of gloves by year-end.
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    • Article
      Lock icon Harrisons buys Crossley
      190 4 Reuter HARRISONS Crosfield pic, a chemicals to plantations group, is buying Crossley Builders' Merchants Ltd for around £113 million from UK paper and packaging group Bowater Industries pic. Harrisons and Crosfield also announced a one for five rights issue to raise £147 million to help finance the
      Reuter  -  190 words
    • Article
      Lock icon Searching for a blue rose
      296 4 Asahi JAPANESE beverage maker Suntory has invested an undisclosed amount of money in an Australian biotechnology firm in hopes of developing and later marketing the elusive blue rose. Botanists worldwide have tried, using mostly crossbreeding techniques, to produce a blue rose but none has succeeded,
      Asahi  -  296 words
    • Article
      Lock icon Hilton eyes Atlantic City casinos
      239 4 Reuter HILTON HOTELS CORP, which five years ago was denied a licence to operate a casino in Atlantic City, is taking another look at opportunities on the boardwalk. Despite the previous denial, Hilton would stand a solid chance of winning licensing approval, a former New
      Reuter  -  239 words
    • Article, Illustration
      Lock icon Minorco to spend cash mountain
      716 4 Reuter NATURAL RESOURCES group Minorco SA is planning to spend most of its US$2 billion cash mountain on mining and processing acquisitions within three years, with North America the preferred area for expansion, chairman Julian Ogilvie Thompson said. "We would sec ourselves investing the bulk
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    • Article
      Lock icon Elders seeking global facility to refinance debts
      272 4 Reuter ELDERS IXL LTD has started talks with major banks on establishing a global facility to refinance its debts for its current and future needs. "Incorporated in this facility will be the unsecured debt of Elders Finance on a guaranteed basis, recognising the
      Reuter  -  272 words
    • Article
      Lock icon Wiggins Teape's demerger prospects
      204 4 Reuter WIGGINS TEAPE Appleton, the paper manufacturer being demerged from BAT Industries pie, is likely to have a market eapitalisation of between £W() million and £1 billion. BAT earlier gave the terms of the demerger, announced last year as part of its restructuring package aimed at
      Reuter  -  204 words
    • Article
      Lock icon US help for Bond Media
      322 4 Reuter BOND MEDIA LTD believes it will get an injection of Asl2s million from US groups CBS Inc, Paramount Communications Inc and General Electric Co's National Broadcasting Co (NBC), the Australian Associated Press news agency reported. Director Lindsay Yeo told the news agency he was
      Reuter  -  322 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      165 4 SINGAPORE LAND LIMITED (mailing at Offers by UIC Enterprise Re Ltd to acquire all the issued shares and warrants of Singapore Land Limited other than those already owned by UIC Enterprise Pte Ltd and parties acting in concert with it In response to the Offer Document dated 27th April, 1990
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    • Advertisement
      Page 4 Advertisements Column 2
      64 4 SINGAPORE BUSINESS |k| YEAR B O O '9 0 ||1 Available at your local newsstands and at all Times The Bookshops outlets: Centrepolnt, Plaza Smgapura, Raffles City Specialists' Centre Basement, Lucky Plaza, United Square, Marina Square, DBS Shenton Way, Wisma Atria, OUB Centre, Holland Village, Colombo Court, World Trade Centre,
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  • FINANCIAL NEWS
    • Article, Illustration
      OCBC's loan portfolio rises 40pc to $6.6 billion
      324 5 TOTAL LOANS portfolio for the OCBC Bank rose by $1.9 billion or 40 per cent last year to $6.6 billion while the bank's customer deposits grew by $3 billion to $11.4 billion, a hefty increase of 36 per cent. In his maiden
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    • Article, Illustration
      Lock icon Greenspan outlines ways to reform US banking
      454 5 AP FEDERAL Reserve Chairman Alan Greenspan on Thursday outlined the central bank's ideas for reforming America's financial system, including charging banks with risky investments more for their deposit insurance. In his first extensive public remarks on deposit insurance reform, Mr Greenspan told a
      AP  -  454 words
    • Article
      Lock icon New, but prudent, lending OK: US regulators
      473 5 NYT IN AN extraordinary meeting, America's top banking regulators urged banking industry executives on Thursday to continue lending to creditworthy customers. Though the regulators did not say so explicitly, their remarks were interpreted as a signal to the banking community that the government
      NYT  -  473 words
    • Article
      Nikko Securities to set up KL office
      267 5  -  By Quak Hiang Whai JAPAN'S Nikko Securities, in its bid for a direct entry into Malaysia, will open a representative office in the Federal capital in the next few weeks. The Kuala Lumpur office, to be located at ÜBN Tower, will study and
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    • Article
      Lock icon Law to limit American insurers' ownership of junk bonds
      443 5 NYT REPRESENTATIVES of insurance regulatory agencies for 11 US states have approved recommendations aimed at limiting insurance company ownership of highyield, high-risk "junk bonds". The restrictions are expected to be approved by all 50 regulators next month and would be binding
      NYT  -  443 words
    • Article
      Lock icon Accord on US-Iran financial disputes
      326 5 AFP IRAN has reached an agreement in principle with Washington on thousands of financial disputes that date back to the seizure of the US embassy in Teheran in 1979. The agreement was officially announced on Wednesday by the US State Department in Washington. Ali Nobari,
      AFP  -  326 words
    • SMALL CHANGE
      • Article
        DBS Bank adjusts autosave, savings rates
        115 5 DBS BANK has adjusted its Autosave and savings accounts rates. Those who deposit above $50,000 in the Autosave now get 4 per cent and those in savings account get 3.75 per cent. Previously, the rates varied for amounts of less than $3,000; for deposits
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      • Article
        Businesses need cheaper funds
        73 5 THE Malaysian government will have to ensure that the private sector will have access to funds at reasonable cost when making any decision to allow commercial banks to raise the base lending rate (BLR), Finance Minister Datuk Paduka Daim Zainuddin said yesterday. While commercial banks might
        73 words
      • Article
        Belgium upgrades bond trading
        73 5 BELGIUM will next week launch a screen-based system to bring trading in government bonds into the modern age. But there are doubts the system, which is being introduced by the Brussels stock exchange, will succeed in attracting to the stock market the large off-bourse deals in
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      • Article
        Daiwa to help small exporters
        59 5 JAPAN'S Daiwa Bank has agreed to help New York state's small export firms with leveraged loans, authorities said in New York. In announcing the plan on Wednesday, Stephen Berger, executive director for the Port Authority of New Yorfc and New Jersey, praised Daiwa Bank for
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      194 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's
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      37 5 5 -i-, i 41 'J <- U f^|i I I i .52?«K?*8 I i in i "Sure. My doctor says ifs medical, Have you gotten a mulauv er *>„, 7, legal and profession opinion. my accountant says ifs financial."
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  • THE REGION
    • NOTE BOOK
      • Article
        Japanese invest in Melaka
        119 6 NINE JAPANESE COMPANIES have invested Ms7o million in Melaka so far, according to Melaka Chief Minister Datuk Sen Abdul Rahim Tamby Chik. He said the Japanese made up the largest number of Asian investors in the state. Ten more applications by Japanese investors to set up
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      • Article
        Better roads for Felda
        84 6 THE MALAYSIAN GOVERNMENT has allocated an additional Ms3o million to build roads in Felda schemes in the country. Deputy Prime Minister Ghafar Baba said in Tanjong Malim on Thursday the amount was in addition to the M 550 million approved last year for the purpose. The
        84 words
      • Article
        Joint ventures in manufacturing
        53 6 KUALA LUMPUR has recently approved six joint-venture projects with foreign participation in the manufacturing according to Trade and Industry Minister Datuk Seri Rafidah Aziz. The government hopes to approve more such projects in the future; and Datuk Seri Rafidah says that Malaysia welcomes investments from foreign
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      • Article
        Alleged assassins arrested
        49 6 BURMESE AUTHORITIES have arrested 10 men and charged them with plotting to assassinate government leaders and attempting to sabotage state property. The 10 alleged saboteurs, who had formed a group called The Phoenix were nabbed by National Intelligence Bureau agents between March 15 and March 22.
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    • Article, Illustration
      American businessman held captive in Vietnam
      63 6 American Mike Morrow (centre) posing with Vietnamese children near Da Nang earlier this year. Morrow is being held by Vietnamese authorities because of an unauthorised business trip to Da Nang. Frenchman Thierry Rodzinek, who accompanied Morrow, has been released and addressed a press conference
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    • Article
      Lock icon Exploratory talks on Philippine bases may take only one week
      368 6 AP PRELIMINARY TALKS on extending US military bases may take only one week, but the US record on meeting financial commitments will be vital in deciding whether to enter formal negotiations, a Philippine official said yesterday. US and Philippine officials
      AP  -  368 words
    • Article
      Lock icon M'sian property deals rose 19pc in 1989
      447 6 Bernama THE property market in Kuala Lumpur moved up last year in tandem with the prevailing economic conditions, with transactions increasing by 19 per cent over 1988. The number of transactions recorded last year was 10,372, valued at M 52.655 billion, compared with
      Bernama  -  447 words
    • Article
      Lock icon Number of property deals in Selangor increases 31pc
      412 6 Bernama THE NUMBER of property transactions in Selangor increased 30.9 per cent from 22,752 in 1988 to 29,786 valued at M 52.83 billion last year, according to the 1989 property market report of the Finance Ministry's Valuation and Property Services Department. The
      Bernama  -  412 words
    • Article
      Land in West Java set aside for industrial use
      232 6 THE INDONESIAN government has decided to allocate a total area of 18,000 hectares in West Java for new industrial estates in nine of the province's regencies, says Junior Minister of Industry Tungki Ariwibowo. He told reporters after a one-and-a-half hour meeting
      232 words
    • Article
      Lock icon Hanoi says Beijing talks were useful
      275 6 AFP VIETNAMESE Deputy Foreign Minister Dihn Nho Liem said in Bangkok on Thursday that his talks with Chinese officials in Beijing on normalisation of SinoVietnamese ties were "useful and effective." Mr Liem arrived in Bangkok late on Thursday from Beijing for a short stopover
      AFP  -  275 words
    • Article
      Lock icon ADB and IFC study loans for Philippine petrochem project
      314 6 AFP THE ASIAN Development Bank (ADB) and International Finance Corp (IFC) are considering providing equity and loans for a US$37O million Philippine petrochemical project, officials said on Thursday. The Luzon Petrochemical Project, a Filipino-Taiwanese venture, will require $203 million in loans
      AFP  -  314 words
    • Article
      Lock icon KL to start building monorail next month
      364 6 Bernama WORK ON Phase One of the multi-million ringgit Kuala Lumpur monorail system will begin next month as scheduled despite a slight hitch in the technical and costing aspect of the project, Datuk Bandar Datuk Elyas Omar said on Thursday. He said the
      Bernama  -  364 words
    • Article
      Thailand cracks down on false advertising
      314 6 THAILAND'S Consumer Protection Committee is cracking down on real estate developers placing advertisements in the media which fail to include project details specified by the panel, according to a report in the Bangkok Post. The media in which the advertisements are placed mostly newspapers
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    • Article
      Minister to press Thai PM for early VAT bill
      354 6 THAI Finance Minister Pramual Sabhavasu will meet the prime minister to stress the importance of the val* ue-added tax (VAT) system,, and that it must be introduced as soon as possible after an adviser to the premier was quoted as saying
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  • THE WORLD
    • WORLD WATCH
      • Article
        Japan plans aid to four East bloc countries
        64 7 JAPAN will send missions to four East European countries this month to study their needs for aid in rebuilding their crippled economies. A Foreign Ministry spokesman said Japan is to draft an aid package for Romania, Yugoslavia, Czechoslovakia and Bulgaria, as part
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      • Article
        East German financial crunch
        80 7 EAST GERMANY is facing one of its worst financial crises. Mr Guenther Krause, state secretary in Prime Minister Lothar de Maiziere's office, told parliament in a debate on negotiations to merge the economy with mighty West Germany that industry owed 260 billion marks (US$l5B billion at
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      • Article
        EC help for Bangladesh
        52 7 THE EUROPEAN COMMUNITY has agreed in principle to help Bangladesh develop its rural energy sector. The official BSS news agency said the pledge came during a two-day session of the Bangladesh-EC joint commission which ended in Dhaka on Thursday with agreements to further strengthen cooperation in
        52 words
      • Article
        Iran patches up with EC
        42 7 IRAN will discuss its relations with the European Community in Dublin next week. The meeting appears to show that EC-Iranian strains after Tehran's death threat against British novelist Salman Rushdie have eased considerably other than in London.
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      • Article
        US boost for Mongolia
        83 7 THE UNITED STATES, in a sign of its strong optimism over the prospects for politic and economic reform in Mongolia, is preparing a trade agreement that will lead to most-favoured-nation status for the former Soviet satellite. In response to a request last week from visiting Mongolian
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      • Article
        NZ's Labour pains
        77 7 NEW ZEALAND'S ruling Labour Party has recorded its worst-ever public opinion result, falling 36 percentage points behind the opposition National Party. The Haylen-Television New Zealand poll of 1,000 people showed that if a general election had been held on Thursday, 64 per cent of respondents would have
        77 words
    • Article
      Lock icon Bush denies he is setting tax trap for Democrats
      319 7 Reuter THE White House on Thursday rejected Democratic charges that it was setting a political trap to blame them for any tax increases needed to cut the huge US federal budget deficit, saying President George Bush wanted honest negotiations. Mr Bush
      Reuter  -  319 words
    • Article
      Lock icon EC to investigate telephone price pacts
      293 7 AFP THE EUROPEAN Commission announced on Thursday it would investigate price accords between telephone companies that reportedly add billions of dollars in charges to international calls. The European Community's executive decided to open a formal inquiry after a five-month appraisal of the agreements, a
      AFP  -  293 words
    • Article, Illustration
      Now, do we or do we not go nuclear?
      54 7 Canadian Defence Minister Bill McKnight (left) speaking with his counterparts Tom King of Britain (centre) and Dick Cheney following the final news conference from the Nato Nuclear Planning Group on Thursday in Kananaskis, Canada. No new proposals on Nato armament were
      54 words
    • Article
      Lock icon Study on proposal for Hungary to leave Warsaw Pact
      312 7 AP A SPECIAL committee was ordered established on Thursday to study the proposal by the main opposition party, the liberal League of Free Democrats, that Hungary leave the Warsaw Pact. Discussions at parliament's defence committee showed the main parties in the
      AP  -  312 words
    • Article
      Lock icon Asian economic powers trimming surpluses
      471 7 AP ASIA'S economic powers are trimming their trade surpluses but other Pacific nations running deficits, including the United States, aren't making up any ground, a report released on Thursday said. The Pacific Economic Outlook for 1990-91 by The Asia Foundation said a self-imposed slowdown by
      AP  -  471 words
    • Article
      Lock icon US urged to continue China's favoured status
      272 7 Reuter BRITAIN is urging the United States not to revoke China's most favoured nation (MFN) status, saying it would devastate the economy of Hongkong and plunge the colony deep into recession, diplomats said on Thursday. President George Bush has to decide by June
      Reuter  -  272 words
    • Article
      Lock icon Hills rejects calls to single out Japan
      336 7 AP AMERICAN Trade Representative Carta Hills, declaring the need for cooperation rather than confrontation, rejected arguments by congressional critics on Thursday that Japan should have been placed on a "hit list" of countries with unfair trade barriers. Ms Hills came under criticism from
      AP  -  336 words
    • Article
      Lock icon UK hits out at US trade practices
      245 7 Reuter BRITISH Trade Minister Nicholas Ridley criticised US trade practices in South Korea on Thursday, saying the United States' tough bilateral tactics were not good for world trade. Mr Ridley said the United States was using various tactics including political pressure to get
      Reuter  -  245 words
    • Article
      Lock icon French call to limit Japanese car imports
      177 7 AFP FRENCH Foreign Trade Minister Jean-Marie Rausch said on Thursday that "it is necessary to find a system for limiting, for another 10 years, imports of Japanese cars Such a system should "very gradually" increase such imports, in stages, from the present ceiling
      AFP  -  177 words
    • Article
      Lock icon Europe should lift curbs, says de Klerk
      469 7 Reuter PRESIDENT FW de Klerk ended South Africa's isolation from Europe when he met French President Francois Mitterrand in Paris on Thursday and urged Europe to lift anti-apartheid sanctions. "With what has happened already in South Africa, it is my view that the
      Reuter  -  469 words
    • Article
      Lock icon Bonn makes about-turn on terms of unity
      116 7 NYT APPARENTLY reversing an earlier position. West German Foreign Minister HansDietrich Genscher has declared that all aspects of German unity had to be resolved before actual unification. Earlier this week, he hailed a proposal by Soviet Foreign Minister Eduard A Shevardnadze that the
      NYT  -  116 words
    • Article
      Lock icon Lithuania appeals to Western opinion
      207 7 AFP LITHUANIAN Prime Minister Kazimiera Prunskiene on Thursday called for Western public opinion to put pressure on governments to back the Baltic republic's drive for independence. Speaking at a press conference at the close of a one-day visit to France, Mrs Prunskiene said public pressure
      AFP  -  207 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Shares end firmer on a broader front
      4435 8  -  By William Chia AFTERNOON buying yesterday again enabled the Singapore stock market to close on a firmer note but interest this time was more widespread, enabling share prices to rise over a broader front. Brokers said that sentiment was boosted by advandes made
      4,435 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4132 9 Main Board SPH Foreign 1070 +60 +5.9% SIA 1380 40 3.0% CAC 3% +22 +5.9% SIA 200 1360 +20 +1.5% J Cement 356 +18 +5.3% Hotel Prop 259 +16 +6.6% Sim Lim 241 +15 +6.6% UlC 270 +13 +5.1% Hotel Prop A 243 +13 +5.7%
    4,132 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Solving of missing scrip issue boosts shares
      3662 10 MBT, Bernama SHARE PRICES on the Kuala Lumpur stock market closed higher yesterday on renewed buying interest and bargain-hunting, spurred by news that the KLSE has resolved the missing scrip issue. The KLSE Composite Index ended 3.06 points higher at 555.26 while the
      MBT,; Bernama  -  3,662 words
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      84 10 It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and _J7 issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business
      84 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Strong yen sends market through 31,000 barrier
      2280 11 Reuter TOKYO STOCKS yesterday surged to their highest close in weeks, with the key Nikkei index ending above 31,000 points for the first time since March 29. Brokers attributed the day's gains to the strong yen, which also firmed to roughly 154 yen
      Reuter  -  2,280 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks close lower in cautious trading
      2606 11 Reuter HONGKONG STOCKS continued to slide yesterday in cautious trade to close lower across the board. Brokers noted that overseas investors and local players tended to react differently to news out of China. "London reacted much more favourably (to news on Thursday of the
      Reuter  -  2,606 words
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  • REGIONAL STOCK MARKETS
    • Australian index hits three-week high
      • Article
        SYDNEY
        1202 12 AUSTRALIA'S sharemarket closed firmer on steady buying yesterday, with resource stocks well supported by stronger metal prices. The All Ordinaries index finished 11.1 points up at 1,484.7, its highest level for three weeks, after peaking at 1,485.2. Trading in BHP and National Australia Bank accounted for almost half the
        1,202 words
      • Article
        Untitled
        85 12 Close PrrrtwM May II May 10 SYDNEY All Ordinaries Index 1,484.7 1,473.6 All Industrials Index 2,295.1 2,286.5 8.6 All Resources Index 864.3 852.3 +12.0 Turnover (million) NA 83.65 BANGKOK SET Index 877.48 870.74 +6.74 Turnover (nearest *000) 25,029 19,396 5,633 JAKARTA Composite Index 643.31 Closed Turnover (nearest'000) 6,182 Closed MANILA
        85 words
      • Article
        BANGKOK
        660 12 THAI STOCKS advanced in heavy speculative trade centred on smaller issues in the finance sector. Brokers esti- mated the composite SET Index gained 6.74 points to close at 877.48 yesterday. "The market opened with heavy demand for North East Products and active buying of smaller counters continued throughout the
        660 words
      • Article
        MANILA
        476 12 MANILA share prices improved slightly yesterday after the power problem eased somewhat, but brokers said the market was not expected to sustain the uptrend as talks on the future of the US military bases here open on Monday. The Manila Stock Exchange composite index inched up 0.99 points to
        476 words
      • Article
        SEOUL
        831 12 SEOUL STOCKS lost further ground in reduced volume as investors sold recent gainers yesterday. The composite index dropped 9.49 points to 762.27, with volume hovering at 158.2 billion won against Thursday's 145.4 billion. Falls led rises 641 to 37, with 89 stocks unchanged. "The market saw profit-taking in shares
        831 words
      • Article
        Untitled
        337 12 In local currency In S$ In US$ day year day year day year May 10 Index change change change change change change World 418.3 0.4 -10.0 -0.2 -13.8 0.0 -12.1 ♦EAFE 587.6 0.1 -13.7 -0.3 -18.1 -0.1 -16.5 Europe 434.1 0.1 -3.7 -0.2 -1.5 0.0 0.5 Pacific 1017.6 0.0 -19.6
        337 words
      • Article
        TAIPEI
        359 12 LAST-MINUTE buying of financial shares pulled the Taiwan stock index off its lows after stocks fell sharply in early trading yesterday. The weighted index closed off 9.33 points at 8,417.08. Turnover was NTSB4.7 billion against NT595.6 billion on Thursday. Dealers said rumours that banking shares would rise in the
        359 words
      • Article
        NEW ZEALAND
        357 12 LEADING New Zealand shares closed a fraction higher yesterday on a lower turnover than earlier this week, with brokers seeing overseas support at current levels. "It's mainly being offshore driven," said Tim Snedden of Buttle Wilson. "Local institutions are still on the back foot. The market closed feeling
        357 words
      • Article
        JAKARTA
        395 12 THE JAKARTA Stock Exchange index fell 1.70 to 643.31 in yesterday's halfday trading, with newer listings attracting most attention. Three of the four newest stocks accounted for more than half of the day's total volume of 618,283 shares, but none moved more than 250 rupiah. The Bombay market report
        395 words
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  • WORLD STOCK MARKETS
    • Late selling fails to stem Wall Street's rise
      • Article, Illustration
        NEW YORK
        1061 13 US BLUE CHIPS held on to a modest advance at the close on Thursday despite late selling on profit-taking and mild disappointment over a US Treasury long bond auction. "People's expectations got too high again and there was a little disappointment," said Jack Solomon, a Bear Stearns technical
        1,061 words
      • Article, Illustration
        LONDON
        809 13 LONDON share prices were higher at midday yesterday as the market breathed a sigh of relief over better-than-expected British inflation figures. Share prices peaked immediately after the 1030 GMT release of the inflation figures, but dropped soon after. The annual inflation rate moved up to 9.4 per cent in
        809 words
      • Article
        Untitled
        94 13 May 10 Clow Previous NEW YORK Do»Jon« 2,738 51 2.732.88 4-5.63 NYSE Financial 139.97 139 46 >0.51 S&P 500 343.82 342.86 +0.96 Turnover (million) 158.46 152.0 +6.46 LONDON Financial Times 30 I.6W.8 1.695.6 -4.8 FTSE 100 2,157 0 2.162.7 -5.7 Turnover (million) 406.3 425.8 -19.5 AMSTERDAM CBS (iencral 1918 192.7
        94 words
      • Article
        AMSTERDAM
        319 13 DUTCH share prices yesterday traded mixed in a quiet midday session with demand noted for selected stock. Unilever gained 2.20 guilders after news that first quarter net profit rose to 727 million guilders from 709 million. "Not spectacular, as expected, but quite a relief after a string of disap-
        319 words
      • Article
        FRANKFURT
        299 13 WEST GERMAN shares tumbled one per cent on low volume profit-taking yesterday in a cautious market, unsettled by forthcoming state elections in the large German states of North-Rhine Westphalia and Lower Saxony. Dealers said a large part of the sales came from professionals, who were squaring their positions ahead
        299 words
      • Article
        MILAN
        211 13 ITALIAN shares started lower yesterday as selling pressure drove blue chips down ahead of the expiry of monthly options contracts on Monday, brokers said. The MIB Index was down 0.3 per cent at 0930 GMT. Fiat remained weak, with its ordinary shares shedding 71 at the official fixing to
        211 words
      • Article
        PARIS
        210 13 FRENCH share prices were off their lows at midday yesterday in quiet trade, digesting finance minister Pierre Beregovoy's pessimistic forecast on Thursday of French inflation for April and continued weakness of the franc, dealers said. The CAC-40 Index was 7.57 points lower at 2,096.99 at 1047 GMT. Technical problems
        210 words
      • Article
        ZURICH
        281 13 SWISS shares continued higher at midsession yesterday on growing foreign demand. Dealers said new buying orders were coming in after prices had consolidated from a sharply higher opening. The all-share SPI Index, which had risen as high as 1,130 before it eased back to 1,123. stood at 1,124.5 points.
        281 words
      • Article
        JOHANNESBURG
        361 13 GOLD share prices in Johannesburg remained under pressure at midday yesterday in uncertain pre-weekend trading, forced down amid the combined weight of a depressed bullion price and sharply firmer financial rand, dealers said. The bullion price has dropped back again to around US$36B an ounce despite further falls in
        361 words
      • Article
        TORONTO
        243 13 TORONTO stocks made healthy gains on Thursday mainly due to strength in the Canadian bond market, traders said. Long bonds were IV2 points higher in late trade as foreign investors returned to the market, seemingly confident constitutional problems have been solved, they said. The Composite Index rose 22.47 to,
        243 words
      • Article
        Untitled
        164 13 Brussels May 10 Fraacs FORWARD MARKET Acec 4290 -260 Arbcd 5060 -70 Astur 1480 -20 Brascan 626 -2 Canpac 626 unch Cock 201 -2 De Beers 820 -6 Ebcs 4275 +45 Cib-lnno-Bm 1372 -14 (ievacrt (ir Bru Lamb 3935 unch Hobok Pctro Ryl Dutch Sidro Soc Cicn Bclg Sofina Solvav
        164 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      American dollar takes a drubbing on world markets
      1095 14 reports THE US dollar took a beating in the currency markets yesterday. In Tokyo, widespread heavy selling left the dollar 2Vi yen otT its New York finish at the close. The yen rose sharply on what dealers called a delayed reaction to
      1,095 words
    • Article
      Corrections and clarifications
      56 14 IN yesterday's edition, BT published the interbank rates for one, two and three months each as 6 3/16 per cent for bid and 6 5/16 for offer. The rates were incorrect. The correct rates for one, two and three months were 7 3/16 for bid and 75/16
      56 words
    • Article
      INTERBANK FOREX RATES
      395 14 Cross rates May 11 US$ S$ MS Dm Yen SFr A$ NZS US$ 1.8575 2.6905 1.6335 154.85 0.5944 1 3945 1.3106 1.7406 S$ 0.5384 1.4485 0.8794 0.8336 0.3200 0.7507 0.7056 0.9371 MS 0.3717 69.04 0.6071 0.5755 0.2209 0.5183 0.4871 0.6470 Dm 0.6122 1.1371 1.6471 94 80 0.3639
      395 words
    • Article
      MONEY MARKET
      571 14 Interbank rates S$ Bid Offer Overnight 6 1/8 6 1/4 1-month 7 3/16 7 5/16 2-month 7 3/16 7 5/16 Vmonth 7 3/16 7 5/16 Overnight mode: 6-11/16 L'SS Bid Offer 7 days 8 1/8 8 1/4 1 month 8 3/16 8 5/16 2 months 8 5/16 8
      571 words
    • Article
      Lock icon European bank clears ECU hurdle
      307 14 AFP PLANS to set up a development bank for eastern Europe cleared a major hurdle on Thursday, as an EEC agency announced a solution to US reservations to using the European Currency Unit (ECU) as reference currency. The United States, which will be the bank's
      AFP  -  307 words
    • Article
      Lock icon Switzerland now keen to join IMF
      109 14 Reuter SWITZERLAND, whose aversion to joining international organisations is legendary, is now actively considering becoming a member of the International Monetary Fund. Finance Minister Otto Stich told journalists in Washington the Berne gov T ernment would decide this month whether to join the 152-nation
      Reuter  -  109 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1467 14 SIMEX EUROOOUAR Open High Low Sett Est Vol Op/lnt Vol Jun 90 91.49 91.50 91.47 91.49 4410 ***** 2611 Sep 90 91.35 91.38 91.34 91.37 7991 ***** 4916 Dec 90 91.14 91.17 91.14 91.16 1582 3476 424 Mar 91 90.98 91.01 90 98 9100 439 578
      1,467 words
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  • COMMODITIES
    • Article
      Lock icon Malaysia has misgivings about cocoa agreement
      367 15 Bernama THE Malaysian cocoa industry has expressed its reservations over its joining the International Cocoa Agreement (ICA), citing fears that its unfavourable economic provisions, which have been suspended, might be re-intro-duced in a future agreement. Primary Industries Minister Datuk Sen Dr Lim Keng Yaik
      Bernama  -  367 words
    • Article
      Lock icon Tin's price slide blamed on Brazil
      233 15 Bernama THE executive council of the Association of Tin Producing Countries (ATPC) begins a three-day meeting in Kuala Lumpur next Tuesday at a time when the industry is plagued by falling prices. For the first quarter of this year, prices have remained in the
      Bernama  -  233 words
    • Article
      Lock icon Moscow steps up sale of gold
      123 15 Reuter SOVIET Union has stepped up gold sales in what could be a bid to raise hard cash to buy foreign grain and settle debts owed by Soviet companies to overseas suppliers. An official at the Zurich office of the Soviet Bank for Foreign
      Reuter  -  123 words
    • Article
      Brazil's move pushes KL tin price up 12 sen
      835 15 REPORTS CONSUMER buying from Europe coupled with reduced offerings saw tin recovering its strength to close 12 sen higher at M$ 17.20 per kg on the Kuala Lumpur Tin Market (KLTM) yesterday. Traders said the underlying tone of the market was
      835 words
  • Article
    PRICES
    1362 15 >: f mm m umw* wtm r —rr~ Rubber May n I ■ftl<hfcl» >■>■») S cents/kg jj Noon Close lnt I RSS Prompt 156.75/157.75N I56.7VI57.75N lilt 1 RSS June 90 I58.5<V159.00 158.50/159.00 lnt 1 MS July 160.75/161.25 160.75/16I.25N lnt 2 RSS OP 15l.OOm3.OON I51.00/I53.00N lnt 3 RSS OP 145.50/147
    1,362 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      15 15 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
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      Page 15 Advertisements Column 2
      229 15 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 60 AND IN THE MATTER OF IPSWICH INVESTMENTS PTE LTD (IN VOLUNTARY LKKHDATION) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act, Chapter SO, that the Final General Meeting of the Company wil
      229 words
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      Page 15 Advertisements Column 3
      263 15 THE COMPANIES ACT, CAP. 60 EXCELVEST VESTMENTS PTE LTD (In Members' Voluntary Liquidation) M an ErtmordlnaryOanawl Maying or EaoofcMt Inuaetmanu PU Ltd duly oonwnid and hold at 621 Aijunwd Rood *o*o6 Upo Factory Butwmt SWgapora 1435, on 11th May 1980 at 10.00 am tha WtoMng SpacM RaaotuOon waaduly paaaad: •That
      263 words
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  • Article
    Lock icon Six groups to facilitate Gatt negotiation on services
    242 16 AFP THE Gatt negotiating group on services decided in Geneva yesterday to set up six working groups on various activities in the services sector, a Gatt spokesman said. The working groups will cover transport, telecommunications, construction, financial services, tourism, and engineering, the
    AFP  -  242 words
  • Article
    Lock icon US business panel sees slow growth, but no recession
    225 16 Reuter THE US ECONOMY should continue to expand at a modest pace this year with little chance of slipping into a recession, according to a report made public yesterday by the Business Council. "There is remarkable unanimity," J P Morgan and
    Reuter  -  225 words
  • Article, Illustration
    Muscling in on the grown-ups
    35 16 Bodybuilding isn't just for grown-ups. These boys are striking poses in the small fry division of the Mr and Ms Union County bodybuilding championship last weekend at Marshville, North Carolina
    35 words
  • Article
    Don't inflate property prices: Daim
    109 16 MALAYSIAN Finance Minister Datuk Paduka Daim Zainuddin has urged property developers not to take advantage of the country's economic situation to inflate prices. Writing in the preface of the 1989 property market report released by the Finance Ministry's Valuation and Property Services Department, he said
    109 words
  • Article
    Lock icon Lavalin wins US$1.6b Bangkok Skytrain deal
    392 16 AFP AFTER over a year of consideration, Canada-based Lavalin International Group has won a bid to build an elevated mass transit system to fight chronic traffic problems in Bangkok. Thai Farmer Bank, which was Lavalin's local financial consultant, is now cooperating with the company
    AFP  -  392 words
  • Article
    Lock icon KL financial bodies urged to be active
    208 16 Bernama MALAYSIA'S Finance Minister Datuk Paduka Daim Zainuddin said yesterday he wanted to see financial institutions play a more pro-ac-tive role in promoting foreign investments in Malaysia. "Very often, financial institutions become the first contacts for potential foreign investors and as such they
    Bernama  -  208 words
  • Article
    Lock icon European Commission gives Siemens-Nixdorf merger the green signal
    225 16 AFP THE MERGER of troubled West German computer group Nixdorf with electronics giant Siemens cleared its final hurdle yesterday, as the European Commission said the deal did not violate European Community (EC) competition rules. The EC's executive said the merger "does not
    AFP  -  225 words
  • Article
    Lock icon KL set on making a success of Labuan
    156 16 Bernama THE Malaysian government is committed to establishing the island of Labuan as an offshore business centre and will put up the necessary infrastructure while providing the appropriate incentives to make it a success, Bank Negara deputy governor Datuk Dr Lin See
    Bernama  -  156 words
  • Article
    Lock icon KL waiting for 'second link' report
    116 16 Bernama THE Malaysian Works Ministry is still awaiting a detailed report on the proposed second link between Johor and Singapore, Deputy Minister Datuk Alex Lee said yesterday. He said United Engineers (Malaysia) Berhad (UEM), which was appointed by the government to undertake a first
    Bernama  -  116 words
  • Article
    Views differ on impact on car market
    469 16  -  REACTIONS TO REDUCTION IN ARF By Yong Pow Ang CAR DEALERS are divided over the implications of the cuts in the additional registration fee (ARF) for the car market between now and Nov I. Mr Simon Tan, secretary for the Singapore Secondhand Motor
    469 words
  • Article
    Lock icon Japan rules out joint naval exercises with Thailand
    192 16 Agencies JAPAN yesterday ruled out the possibility of joint naval exercises proposed by Thailand because foreign military deployment is banned by its Constitution. The Thai proposal emerged when Prime Minister Chatichai Choonhavan met Japanese Premier Toshiki Kaifu in Bangkok at the end
    Agencies  -  192 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      18 16 A Sichuan Culinary Heritage at Golden Phoenix tiokl? 11 WmmmiLV tfSgEg/Hocet Equatorial. Tel: *****31 More reports, Pg 6
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      Page 16 Advertisements Column 2
      210 16 Hfr*-) A Treasury of Alpine Pleasures at Chesa Hotel EqualorU. Tct *****31 Business Times WORDSKILL April 30—May 2,1990 RESULTS IShF s I H EUIIJI!,]! V V i n tga IW I N cßclwß WhqtfaSst WO D S K I L lHH 1 0 V i■ 11 ULI 1 1 N
      210 words
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  • Executive Lifestyle
    • Article, Illustration
      Tales from a lone tower
      1136 17  -  If the Goodwood Hotel could speak, what tales she would tell. Samuel Ee presses his ear to the 90-year-old lady's bricks Samuel Ee ONCE UPON a time, when tigers and tennis ruled a former nutmeg plantation along Scotts Road, three Anglophiles from Calcutta renamed their
      1,136 words
    • STRAWS IN THE WIND
      • Article
        Guess my line
        46 17 ONE colleague was getting tired of insurance agents constantly calling him, bugging him to insure everything from life to handphone. Instead of lying and saying he's already bought some, he told one: "I'm also an insurance salesman. You want to buy from meT'
        46 words
      • Article
        To be seen, not heard?
        51 17 AT a recent cocktail reception for tanker owners from all over the world, only the men were provided with name tags. Either they think women can't talk business or that it's still the Stone Age and all females are referred to as: "Oog! oog! My
        51 words
      • Article
        Flush of inspiration
        62 17 RODIN's model for The Thinker might not have been sitting on the bowl when he was sculpted but another mentally-active person was. Seen on the wail of a restroom in a local restaurant: Roses are red, Violets are blue, Please flush the 100 when you are through.
        62 words
      • Article
        R is for Republic
        55 17 MAYBE they've got Hongkong for a few more years but some Britons obviously think Britannia still rules the waves. In the Feb 21-27 issue of Flight International, an aerospace magazine published in Surrey, England, the RSAF is referred to as the "Royal Singapore Air Force". Talk
        55 words
    • OPINIONS
      • Article
        Making a good thing better
        209 18  -  LETTERS TO THE EDITOR Larry Koh WHILE THE new-format Business Times offers more pages, I feel that it is not enough to devote just one page to SingaporeMalaysia Company News. 1 enjoy reading articles run in the Analysis page. For example, the UIC-Singland package on
        209 words
      • Article
        Sopiee he jest
        98 18  -  James Teo I READ with interest Mr Noordin Sopiee's column, which appeared under the rubric "The Bottom Line", on May 3, and am now quite convinced that Mr Sopiee's admiration for Singapore's achievements is real. The reactions to his earlier article in your paper is understandable as
        98 words
      • Article
        The road to fairness
        130 18  -  Jimmy Lee VEHICLE QUOTA premiums payable in the first tender range from $1 to $5,001. Ironically, owners of the heaviest and slowest road users (commercial category) need pay only $1 while vehicles in the 2,000 cc category, arguably the most efficient road machines, attract top premium.
        130 words
      • Article, Illustration
        Preserving Singapore's living heritage
        648 18  -  Save our old trees, cries Hong Lee Tiam Hong Lee Tiam Hong Lee Tiam is on"'" BT's Financial Desk THE COBBLED streets of Vienna in spring and summer are lined with beeches, flowering chestnuts and cedars. Huge stands of venerable trees against a background of neatly
        648 words
      • Article, Illustration
        The Chinese swing factor
        1399 18  -  David Chew examines closely a volatile political phenomenon the yo-yo voting behaviour of Malaysia's Chinese community David Chew David Chew is on BT's Foreign Desk THERE has been a flurry of political activity among the Chinese-based parties in Malaysia of late. They are behaving as if
        1,399 words
    • Pursuits 1
      • Article, Illustration
        Memoirs which are an act of pure indulgence
        473 19  -  BOOK REVIEW By Chuang Peck Ming Self-Consciousness By John Updike Knopf. U5518.95. 257 pages. Also available in Penguin paperback. WHAT prompted John Updike to write his biography was the fact that someone else wanted to write it. "To take my life, my
        473 words
      • Article, Illustration
        Shining angel of death
        428 19  -  Aliens are audio fans too, as Samuel Ee finds out in another intergalactic movie Samuel Ee SO YOU thought the CD player was man's greatest invention, huh? Equal only to underarm deodorant and Listerine? Well, Dark Angel will change your mind. Because it changed Dolph Lundgren's.
        428 words
      • Article, Illustration
        Lock icon Brave new mothers
        812 19  -  On the eve of Mother's Day, Jaime Lye ponders the awesome concept of motherhood, and comes up with a handbook that answers all the questions that mothers would never ask Jaime Lye WHERE does it say that giving forth to a new life gives you control over
        Punch  -  812 words
      • Article, Illustration
        Strawberry fields forever
        571 19  -  A Surendren pays tribute to John Lennon on the 10th anniversary of his death A Surendren -IHAD JUST stepped out of the State Theatre with my cousin after a movie. Nearby, within the concrete confines of the New World Amusement Park, the speakers of a cassette shop
        571 words
      • Article, Illustration
        Paying for pleasure
        1180 20  -  Quek Swee Peng paints the market scenario, leading to the auction of two major works of art in New York next week Quek Swee Peng THERE are Renoirs and Renoirs and Renoirs, but few as riveting and rare as Au Moulin de la Galette. This 1876 painting
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      • Article
        Lock icon Mine, I think
        615 20 How binding is a gift to a museum, or the pledge of one? The Economist THE HEIRS of Edward Steichen, a pioneer photographer, are suing New York's Museum of Modern Art to recover a painting. The museum claims the painting was a gift; the family maintains it
        The Economist  -  615 words
    • SPORTS
      • Article
        Epson boost for Formula One racing
        229 21 SEIKO EPSON Corporation is. set to become one of the big names in Formula One racing over the next two years as the sponsor of the Terrell Racing Organisation. £The Tyrell Racing Organisation has been a major face in Formula One racing sifcce 1970.
        229 words
      • Article, Illustration
        Lock icon Sanchez is out of Italian Open
        255 21 AFP >®LANTXA SANCHEZ, who vftll defend her French Open cjpwn in Paris later this month, bowed out of the Itali&i Open in Rome on Thurs<fty complaining of "tiredness" after being beaten in straight sets by Canada's eleventh seed Helen Kelesi in the third round.
        AFP  -  255 words
      • Article
        Teh looking for home ground advantage
        478 21  -  ON TRACK By Jerome Fandor Sfr IER last weekend's wash?at meeting, leading trainer eh Choon Beng is hoping for good going at the start of his home-ground meeting. It comes as no surprise that Teh's horses are bunched in the top classes after his
        478 words
      • Article, Illustration
        Lock icon Woosnam surges ahead with seven birdies
        312 21 AFP LAN WOOSNAM shot seven birdies in a six under par 66 to head the field by two shots in the first round of the Belgium Open at Royal Waterloo in Brussels on Thursday. The tiny Welshman, who went to the top of the
        AFP  -  312 words
      • Article
        Lock icon Luck helps Couples move into the lead
        335 21 AFP GREG NORMAN compared the conditions to the British Open, Jack Nicklaus said he had never seen it so difficult to play on his home course, and when the first round of the Memorial Tournament in Dublin, Ohio, was over on Thursday, only
        AFP  -  335 words
      • Article
        Lock icon Aaron Pryor fights to make a comeback in the ring
        729 21 AP AARON PRYOR fought his way to boxing's highest level. He was a champion for five years and a devastating one, recognised as one of the sport's most punishing punchers. Ring Magazine called his 1982 victory over Alexis Arguello, in
        AP  -  729 words
      • SIDE LINES
        • Article
          Lock icon Rain saves Agassi in German Open
          91 21 AP SECOND-SEEDED Andre Agassi of the United States was just two games away from being ousted from the Gorman Open by Sweden's Magnus Gustafsson when rain halted their match in Hamburg on Thursday. Agassi was struggling to keep his game together against the steady,
          AP  -  91 words
        • Article
          Lock icon IOC team to inspect Toronto
          83 21 AP AN International Olympic Committee evaluation team will begin a four-day inspection of Toronto today to assess the city's ability to host the 1996 Games. The team of four delegates, headed by Gunnar Ericsson of Sweden, will investigate everything, from sporting sites and transportation to
          AP  -  83 words
        • Article
          Lock icon Spurs beat Trail Blazers
          82 21 AP DAVID ROBINSON, living up to the promise that made him Rookie of the Year, scored 28 points and blocked eight shots on Thursday night, carrying the San Antonio Spurs td a 121 -98 victory over the Portland Trail Blazers and cutting their lead to 2-1
          AP  -  82 words
        • Article
          Lock icon Chavez may fight Korean
          84 21 AFP UNBEATEN Mexican Julio Cesar Chavez is considering a US$l.25 million offer to defend his two super-lightweight boxing titles against South Korean Duk Ahn. Michael Bass, one of Chavez' handlers, said in Los Angeles on Thursday that flamboyant promoter Don King made the offer for the
          AFP  -  84 words
        • Article
          Lock icon Injury sidelines McEnroe
          46 21 AP JOHN McENROE has withdrawn from next week's Italian Open Championships. McEnroe, idle since late February because of a groin injury, says that he has not yet fully recovered. Pete Sampras, another American player, also withdrew, citing a strained hip flexor muscle. AP
          AP  -  46 words
        • Article
          Lock icon Rutherford leaves hospital
          99 21 AP JOHNNY RUTHERFORD, who suffered a concussion and a minor knee injury in a crash during practice for the May 27 Indianapolis 500, was released after an overnight stay in hospital on Thursday. The three-time Indy 500 winner was back in the garage area at the Indianapolis
          AP  -  99 words
        • Article
          Lock icon Concern over Milan stadium
          97 21 AP A SOCCER federation official on Thursday inspected the Milan stadium that will host the June 8 opening World Cup match and was reportedly worried about unfinished work there. Horst Schmidt, a West German official of the International Soccer Federation, declined to talk to reporters about
          AP  -  97 words
      • Article, Illustration
        Lock icon Fickle fans put pressure on Italian footballers
        393 21 AFP THE least of Italy's World Cup problems are the teams standing between them and the final more worrying is the threat posed by their over-zealous fans who are as fickle as they are fanatical. It is the Italian supporters who will put
        AFP  -  393 words
    • EPICURE 1
      • Article
        A nibble in the neighbourhood
        301 22  -  Quek Swee Peng on Dragon City's rewarding recipe Quek Swee Peng Ago u R m et friend frequents Dragon City, but not because he fancies the food more than that at his favourite Sichuan restaurant across the road at Hotel Equatorial. Neither is it because
        301 words
      • Article, Illustration
        Lock icon Eurocrats bite back
        261 22 EC refutes French supermarket group's accusations about standardised Euro-food AFP THE EUROPEAN Commission has responded indignantly to charges that it is plotting to replace Europe's tasty regional dishes with standardised Euro-food. The accusations are being made in an advertising campaign by the French supermarket group Leclerc which
        AFP; Punch  -  261 words
      • Article, Illustration
        Lock icon Scientists, stop playing God!
        956 23  -  Richard Seah writes an open letter to scientists, alias gods Richard Seah The writer is editor of The Good Life, a health magazine. Dear scientists, I write to you with deep concern. I am scared scared of the kind of future some of you are creating.
        Punch  -  956 words
      • Article
        Domaine de Thalabert: world's best value French red wine
        829 23  -  WINE By N K Yong Rhone wines used to be very reasonably priced but this is now history as they have followed inevitably the price escalations in Bordeaux and Burgundy. 1 am referring particularly to those wines at the top, such
        829 words
      • Article, Illustration
        Playing second hand high
        591 23  -  BRIDGE By Sybil Holloway IN THE Royal Dutch Distilleries Annual Bols Bridge Tip competition Eric Rodwell won third place with his tip Second Hand High. The average player would be well rewarded if he learnt to apply this excellent expert advice at the appropriate time. "Consider
        591 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          The Daim connection
          41 24 MALAYSIAN FINANCE Minister Datuk Daim Zainuddin, apparently flabbergasted over press reports that he is linked to prominent Malaysian businessman Vincent Tan of the InterPacific group, retorted: "People will always link Tan to me. They link me to everyone."
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        • Article
          Born with MBA silver spoon
          68 24 ASKED whether an MBA holder will excel over a non-gradu-ate, in Asiaweek's "Viewpoints" column, Mr Bobby Choonavala, vice-president of Digital Equipment Corp in Hongkong, answered: "In mathematical terms, an MBA degree is neither a necessary nor significant factor for success in our organisation. A master's
          68 words
        • Article
          Fake Van Goghs for sale
          84 24 ERNEST Thomas Cummins, president of Heritage House Trading Group Ltd in Fort Lauderdale, Florida, has no qualms about the display of Van Gogh's "Irises", Monet landscapes and works from the Italian Renaissance in his gallery. "They're all fakes. They're all for sale," he proclaims. "We're
          84 words
      • Article
        Lock icon Montreal Exchange aims to be Canada's Chicago
        345 24 Reuter THE Montreal Exchange will probably never return to the glory days when it was Canada's biggest exchange, but it is trying to ensure its survival by becoming the main market for options, futures and derivative products. "We want to be in Canada
        Reuter  -  345 words
      • Article
        Warrants: premiums and gearing
        665 24 Prlcas (as at 11.5.90) Conversion tarma (discount) Expiry Amount Optional** ualng Company laauad Wrt» Share Ln atk Lnatk Gearing (munita) Conv Exar Cash Caah 1 Lnatk 2 ratio price value < < S CACWt 37.5 1.530 3.960 1.00 3.09 17 2.59 26.4.93 35 CKTang 16.9 1.900
        665 words
      • Article, Illustration
        GK Goh worth stagging but...
        883 24  -  STOCK By Magdalene Ng GK GOH HOLDINGS' share offer is reviving interest in new listings. After the still silence surrounding Horiguchi Engineering Co's and Pan Pacific Publications' public offerings, investors have started to queue up for new share issue application forms. But is GK Goh,
        883 words
      • Article, Illustration
        Lock icon Decline in Canadian stocks spells opportunities
        560 24 NYT CANADA is an opportunity waiting to happen. The opportunities centre on commodity stocks, from copper to paper products, which play a major role in the economy and are expected to benefit from both an expected rebound in the Canadian economy and the recent
        NYT  -  560 words
      • Article, Illustration
        Lock icon Indicators giving early signal of market rally
        173 24  -  CHART By Cresvale Far East THE STRAITS Times Industrials Index closed at its intraweek high this week and managed to stay above the 10-week mov ing average. This gives an early signal of a market rally. Other major indicators confirm this. The Relative
        Source: Cresvale  -  173 words
      • Article
        Manila stocks set to hit new peaks by mid-year: analyst
        386 24 PHILIPPINE share prices have been on a roller-coaster ride ever since last November's failed coup against President Corazon Aquino. The popular stock indices have hit lows not seen since last December following rumours of more planned coups and a financial
        386 words
      • Article, Illustration
        Lock icon Economic signals point to a competitive edge for sterling
        698 25  -  Budd of Barclays on why the British pound should stay an attractive high-yielding currency over the next six months Alan Budd Professor Alan Budd is the Economic Adviser, Barclays Bank pic, tendon THE BRITISH POUND, which has weathered poor economic news
        Chart by TeleTrac  -  698 words
      • Article
        Lock icon American experts expect repeat of last year's bond trends
        477 25 NYT TOE EVIDENCE is far from conclusive, but some portfolio managers and analysts are beginning to say that the US bond market's performance so far this year is strikingly similar to that seen in the first four months of 1989. If
        NYT  -  477 words
      • Article, Illustration
        Lock icon Good showing by French govt bonds
        313 25 AFP FRANCE is the only country in which the performance indicator for government bonds has risen during the first four months of the year. 'According to a report released on Monday by Credit Lyonnais, the worst performances among the countries covered came from Britain
        AFP  -  313 words
      • Article
        US$ seen falling against S$ by end of year
        331 25 OVERSEAS Union Bank, one of Singapore's Big Four local banks, expects the US dollar to fall to a range of 551.82 to 551.85 by the end of this year, down from its current level of 551.86. The local bank also said
        331 words
      • Article, Illustration
        Lock icon Aussie rates set to stay high
        392 25 Reuter AUSTRALIAN interest rates, already among the highest in the industrialised world, are likely to remain stubbornly high throughout 1990. "The requirement of economic policy will be continued restraint in demand. As a consequence the government will not be prematurely reducing interest rates further,"
        Reuter  -  392 words
    • EXECUTIVE JOBS
      • Article, Illustration
        More than just 'how much to whom'
        1199 26  -  Jamil Husain examines executive compensation and not just for the corporate 'golden boys' in the first of a series hosted by Towers, Perrin, Forster and Crosby Jamil Husain Jamil Husain is principal and general manager of TPF&C WHEN asked what they understand to
        1,199 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        188 26 LM Urquhart has been appointed chairman of Burmah to succeed J N Malby, who will retire in July. Mr Urquhart, who has been the chief executive since 1988, joined Burmah as the group's finance director in 1977 and was then chief executive of Castrol Ltd from 1982
        188 words
      • Article, Illustration
        HK's where the action is: search firm
        417 26  -  By Shoeb Kagda Prompted by the huge demand for talented managers in Hongkong to replace those leaving Swedishowned Strategic Executive Search (SES) will soon be opening an office there. The company, operating in Singapore since 1984, intends to use the Republic as a
        417 words
    • THE TRAVEL PAGE
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1004 27 City FNght ETA Flight ETD Afcu MwM GA976 OOIO A*lfaMa SQ226 2035 QF81 2105 Amtardaa S023 1350 KL838 2115 KL837 1430 SQ24 2200 Athens QF16 1820 Aackiand TE25 1610 TE28 1730 SQ338 1925 J BA12 2200 l|h1i Qf 10 1845 QF5 2230 tmtfnr T" 1 BI421
        1,004 words
      • Article, Illustration
        Where guns and daggers are a way of life
        677 27  -  LETTER FROM N YEMEN By Mariam Isa IN THE rugged highlands of North Yemen, a Kalashnikov automatic rifle is as much part of a man's attire as the curved dagger he wears in his belt. Visitors to this Arabian peninsula country,
        677 words
      • Article
        MONEY CHANGER RATES
        152 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4050 1.4250 Canadian dollar 1.5620 1.5820 NZ dollar 1.0530 1.1030 Sterling pound 3.0900 3.1100 US dollar 1.8520 1.8620 Local dollars to 100 units of foreign cwntcy Austrian schilling 1S.70 16.70
        152 words
      • Article
        WORLD TRADE EXHIBITIONS
        93 27 Duration Title Venue Organiser Tej Duration Title Venue Organiser Td May 13-18 The Options Insead's The Options 312-322-2574 May 21-24 INSUCON '90 Brighton Federation of 01-*****78 *90 Workshop Campus Workshop *90 Metropote British Hotel Eletrotechnical May 14-17 World Express WTC A Vista Triangle 494-*****4 Allied Mfgs' *90
        93 words
    • TIME OFF
      • Article
        THEATRE
        72 28 Singapore Symphony Chorus Featuring baritone Stephen Varcoe, soprano Susan Chilcot, alto Yvonne Lea and tenor Huw Rhys-Evans. Conducted by Lim Yau. Venue: Victoria Concert Hall. Today. Time: 8.15pm Tickets at $4, $7, $10, and $15 Play On A Rick Abbot comedy on what goes wrong when bad actors stage
        72 words
      • Article, Illustration
        EXHIBITIONS
        329 28  -  Compiled by K Jayanti Wu Guanzhong Works by one of China's leading contemporary artists. Prof Wu is presented in an exhibition featuring works in water-colour, gouache, oil and Chinese ink paintings. He has created new forms of expression in the traditional medium, by blending the finer points of both
        329 words
    • Article, Illustration
      CINEMA
      462 28 A Terra-Cotta Warrier. A Mandarin comedy-adventure about a 3,000-year-old love affair. He is the reincarnation of a clay warrior, while she used to be a handmaiden. She crash-dives into his exboss's mausoleum and awakens him. Now showing at Jade 1, Changi 1, Savoy 1, Oriental, President, Republic 1, Woodlands
      462 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      305 17 i BBBBSBBBBBBBBSfiHHHHHi Today, one watch reigns supreme. Ultra-thtn Royal Oak in 18kt gold, diamonds set bezel and full pave dial with 11 rubies. BA *****/722 BA (Ladies) BA *****/477 BA (Gents). In 1972, the master watchmakers by eight hexagonal bolts. The perfect at Audemars Piguet created the first match between
      305 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      84 18 PROFESSIONAL QEOMfIMCY COURSE BASIC GEOMfINCY CLASS Our centre is starting a class on geomancy soonl It's a guaranteed course where you will learn the formula of "Luo-pan" to analyse various environments and thus enabling you to detect the arrival of prosperity and fortune and the state of health in the
      84 words
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      Page 18 Advertisements Column 2
      12 18 m M onagers AAust V lanage BT shows you how every Monday.
      12 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      44 18 DOONESBURY Vk YOUMTT JOfit H e^'SL U TODAY MAS ROUGH. L£T ME-GZT T TO TALK (TWWUDLCnS XXJSOM6 ABOUT rr, MYJVWZAt&Y 0F... VIDEOTAPING. MORBUMNt. j JOANE* TALK DOING 1 g ABOUT FINe.INCRBD- VIDEOTAPING? L. IVEGOT what* me,huh* He's togbta DYING, BUT I'M YES JROUGH CUT
      44 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      1227 22 WHERE TO WINE, DINE AND ENTERTAIN. WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE Some like it hot. ■pt* I Spicv Szechuan dishes served at lunch and dinner dailv I in the cool, inviting atmosphere of Szechuan Court. j Reservation, H3O 8310 or 338 8585 ext *****/6. THE
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      277 23 AND ENTERTAIN Mum's The Word MOTHERS DAY SPECIALS MAY 13. JHsppyfl I RESERVATIONS 732 1222 EXT IM3 PRICES ARE SUBJECT TO 10% SERVICE CHARGE AND m «%CES& Get the family together and treat Mum to any of our specials on Mothers Day this May 13th-brunch, lunch or candlelight dinner. A®
      277 words
    • Advertisement
      Page 23 Advertisements Column 2
      123 23 f Pamper Your\ Mother Jf A! s Mii/her's Day' lis yimr turn to pamper <^} 0 her just like she has fumprred VJ f jfj Treat her to a sumptuous Thai feast at 'J Chk) rhaya Thai Seafood Restaurant *G 0 Then tell her she's the hest mother m the
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    • Advertisement
      Page 23 Advertisements Column 3
      246 23 Tn 11/ A Restaurant and 1 KUI IV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE WITH KARAOKE AT S3ooo++ Shows; Every Tue, Wed, Thur at I.lBpm L R^ Unn,HOU 7.00pm to 2.00 am Mondays to Sundays Jet 6.00pm to 10.00pm Fax: *****33 133 Cecil Street #18-00 (Whole Floor) Keck Seng
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  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      149 25 INVESTING IN SHARES? CALL i V v v ASK FOR CREDIT PLUS When opportunity knocks you'll want to be It's so easy and convenient to apply for CREDIT ready. Here's where Hong Leong Finance PLUS. Drop by any of our 28 conveniently located and Singapore Finance can help. offices or
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      688 26 r Mansfield Container Shipping K, PteLtd (A subsidiary of Steamers Maritime Holdings Ltd) MCS offers an extensive range of shipping agency services. Major principals are P&O Containers Ltd and Australia Straits Container Line. The Company handles the full range of shipping agency services including ship husbandry, ship planning, cargo consolidation
      688 words
    • Advertisement
      Page 26 Advertisements Column 2
      236 26 DHL IN THE NEWS Advertisement ICTAMCDC' CI IDDHQT DHL was also the proud recipient of the UUdIUMCnO OUrruni first-evef National IT Award 1990, presented by the National Computer Board. DHL emerged winner DRIVE DHL lU WIN in the Private Sector from a total of 84 nominations received. DHL was given
      236 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      63 27 Aor i Vt Ihe person s choicc cur\ I uoiljn. ■m. -y •vW' "V V w -w- I hurvl.n. Vituril.n anil Nund.iv. I c.iwngt hangi I I \'i M I.J 1 \irporl Jt h<>ur> .inj jrriving J! I J I IT I W (iii.inli.i or New ark lnii.rn.Uion.il \irpon> the
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    • Advertisement
      Page 27 Advertisements Column 2
      194 27 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's
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      236 27 not be consid- ZjHB 8 Gets up a disguise away 11 Openings made |h| MM M 14 Weakness but remarkably men cope with MH HM HH 16 Last month's speaker -—pH Hi. —JHL 19 Some trash etched on the Lh LbJ MB HM 21" City reportedly has about 24 J
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    • Miscellaneous
      Page 27 Miscellaneous Column 2
      209 27 Singapore Outlook: Showers over a few areas in the afternoon. Report Max temp. 33.7"C Assoc humidity 57% Min temp 25.8"C Assoc humidity 96% Hrs of sunshine 10.50 Rainfall in mm Nil Rainfall this mth 168.6 Rainy days this mth 3 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 18/09 Fair Bangkok 37/27
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    • Miscellaneous
      Page 27 Miscellaneous Column 3
      35 27 Tv\£ P\ UL SMOVa) OON£S RNN/ON& ASKS tMe NGJ?\A£. Of TmPs-T Jowes vA\rw.. I fJ)R I'm OFT To Pi t<2.\_ukG roc \'m showing \reaoftHC6... t*l PiC>£ x~;.V C EVENING STANOARO CO. LTD, IM2-IM4 tu>W. itbOA
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      1659 28 TODAY'S TV Kenyalang Saturday Matinee Barracuda, 2pm, Pretoiius, 6pm, SBC about Belgian detective harbour patrol. the docks of Zeebrugge, 4 M apart from the victim of a drug gang im- 433 y n^ p c floating porting their cocaine from Rjtm Th n aH the wa- Columbia. The enigmatic In-
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    • Miscellaneous
      Page 28 Miscellaneous Column 2
      637 28 MOVIES ON TV Top Secret!, 8.30pm, TV2 lie romance blossoms in the Lots of slapstick and cliched sun-filled Vilno valley of Polgags when an Elvis Presley- s h Lithuania. However, the type rock star goes on a tour t w teenagers meet with vioof East Germany and gets lent opposition
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