The Business Times, 26 May 1990

Microfilm: NL17018
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 170/12/89 Weekend Edition, May 26-27 1990 75*
    11 words
  • NEWS & MARKETS SUMMARY
    • Article
      Dow Jones lower
      35 1 WALL STREET showed a broad loss yesterday morning in selling that hit technology issues hardest. The Dow Jones average of 30 industrials dropped 26.09 to 2,829.46 in the first hour of trading.
      35 words
    • Article
      Footsie lower
      39 1 SHARE PRICES were lower at midday yesterday in a featureless market. At about 1100 GMT, the FTSE 100-share index was down 10 points, or 0.4 per cent, at 2,267.1. Volume came to 223.3 million shares at midday.
      39 words
    • Article
      Talks on Cambodia
      31 1 THE five permanent members of the UN Security Council will discuss a Cambodian settlement this weekend, focusing on military aspects and the mechanics of a cease-fire, diplomats said.
      31 words
    • Article
      S'pore-Japan tie-ups
      19 1 NPB will set up an International Relations Centre to explore new areas of SingaporeJapan cooperation Page 2
      19 words
    • Article
      Wage comparison
      33 1 UNIONISED companies gave a bigger total wage increase than non-unionised companies in 1989, but paid smaller basic increments, according to a survey of 9,900 companies in the private sector Page 2
      33 words
    • Article
      FEL gets contract
      37 1 FAR EAST Levingston Ltd, a member of the Keppel group, has secured yet another contract from US-based contractor Santa FE International Corporation, to firmly establish itself as the world's largest rig builder Page 3
      37 words
    • Article
      Inno-Pac tie-up
      33 1 INNO-PACIFIC Holdings and a government-owned food wholesaler are teaming up with the Indonesian Salim Group to set up a $50 million chicken farm and processing factory in Pulau Bulan Page 3
      33 words
    • Article
      Japanese foothold
      19 1 A JAPANESE bank will likely be the first to set up a branch in Shanghai Page 5
      19 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 800.37 -2.17 Kuala Lumpur ...586.51 -0.22 Hongkong 3,059.50 +11.49 Tokyo 32,793.88 +482.13 Sydney 1,479.7 +9.4 Thursday Change New York 2,855.55 -0.71 London 2,277.1 -10.3
      29 words
    • Article
      CURRENCIES
      23 1 Exchange rates USS S$ 1.8465 Yen (100) SSl .2326 M$ SS0.6845 Money market rates Overnight 4 1/2 +4 3-month 7 5/8 unch
      23 words
    • Article
      COMMODITIES
      25 1 London Gold PM fix US$366.50 unch Rubber S'pore June 159.25 '/kg +0.50 M'siaJunc... 231.50*/kg +0.50 KL Tin Turnover 49 tonnes -5 Spot M$l6.97/kg -0.03
      25 words
  • Article
    UIC planning bonus, rights issues to raise $340m
    510 1  -  By Conrad Raj TO PARTIALLY finance its billion-dollar takeover of Singapore Land, United Industrial Corporation is proposing to raise some $340 million through a rights issue which will be sweetened by a bonus issue. Banking sources said the detergent manufacturer turned investment
    510 words
  • Article, Illustration
    Steve's slick show wows fans
    51 1 Computer folk hero Steven Jobs has reason to smile. His sleek!, black cube, described by some as "the BMW"" of computers, was launched in Singapore yesterday before an enthralled audjence of 900. Will this be the NeXT leap forward for Jobs? Full story on Page
    51 words
  • Article
    Hongkong's economy stagnates in first quarter
    364 1  -  From Catherine Ong In HONGKONG THE HONGKONG economy stayed stagnant in the first quarter of the year, crippled by high inflation and lower exports, government estimates released yesterday showed. Government sources put first quarter GDP growth at "around zero" following two quarters of declines
    364 words
  • Article
    Lock icon Seoul posts trade surplus with Asean
    130 1 AP SOUTH KOREA'S trade balance with Asean turned to a surplus of US$l9 million between January and March from a year-ago's deficit of US$l67 million, officials said yesterday. The officials at the Trade and Industry Ministry attrib- uted the turnaround to fast export growth.
    AP  -  130 words
  • Article
    Why MAS rejected AGF bid to buy local insurer
    299 1  -  By Hong Lee Tiam A PROPOSAL by France's AGF International to acquire a SO per cent stake in a local general insurer was turned down because the Monetary Authority of Singapore did not wish to see the loss of effective control
    299 words
  • Article
    Lock icon Jakarta cuts domestic fuel subsidies
    339 1 Reuter, AFP INDONESIA slashed subsidies on domestic fuels yesterday, sending fuel prices up an average of 20.9 per cent. Top Economic Minister Radius Prawiro said electricity prices and city bus fares would not rise in consequence, but airline and taxi fares might. The rises were
    Reuter,; AFP  -  339 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      118 1 L 5 Nikon TtwWbrid'aFlmft Phoogmpwc System. COVER Glas-glows with culture EL 1 pL v> Aircraft Schedule EL 11 Commodities 15 Company News 4 Cryptic Crossword EL U Executor* Jobs EL 8 Futures Options 14 Interbank Fore* Rates 14 LL||HA ..f A nuiic newi KLSE 10 Money Changer Rates EL 11
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      Page 1 Advertisements Column 2
      17 1 OPINIONS For Queen and for country. The stage is set for an Umno power play. EL 2
      17 words
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      Page 1 Advertisements Column 3
      172 1 PURSUITS African cause turned into art EL 4 r I t i r* Choosing a timepiece After- all\ we set ourselves MfiD (jAsyS should be a relaxed and cosso7seu«s as connoisseurs. And our F O R COLLECTORS The rare perfection of Patek Philippe at The Hour Glass. comfortable affair. Especially
      172 words
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      Page 1 Advertisements Column 4
      12 1 PURSUITS Nissan NX coupe: A halved targa is better than none. ELS
      12 words
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      Page 1 Advertisements Column 5
      22 1 Nikon Ttw*brid'«FlnMt PlWognpUte t jrtm. FINANCE Down Under Things are looking up. EL 9 Jakarta: Things have only just begun. EL 10
      22 words
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      Page 1 Advertisements Column 6
      12 1 JOBS What it takes to be an R&D manager today. EL 8
      12 words
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Opportunities for local publishers
        98 2 THE RELATIVE scarcity of Chinese, Malay and Indian literature in Singapore should provide ample market opportunities for local publishers, said Trade and Industry Minister Lee Hsifcn Loong yesterday. Speaking at the opening of the World Chinese Book Fair at the World Trade Centre yesterday, Brigadier-General (Res)
        98 words
      • Article
        Conference for concierges
        88 2 SINGAPORE has been chosen for the first conference of Asia's concierges. Top concierges from the Asia-Pacific region are expected to attend the conference which is themed Towards Excellence.' Billed as the first time that such a conference is held outside Europe and North America, it is organised
        88 words
      • Article
        New Nixdorf computers
        61 2 IN INDUSTRY which sees constant innovations, German computer maker Nixdorf Computer Singapore has launched a breed of more powerful personal computers. The Nixdorf 8810/80 and 8810/90 can handle computer-aided design (CAD) and desktop publishing (DTP). They also meet multi-user needs. The two models form excellent entry-level systems
        61 words
      • Article
        STPB names new Taiwan man
        79 2 THE Singapore Tourist Promotion Board has appointed an ex-airiine man to head its Taiwan office. The board yesterday announced that Mr Michael Yeo will be its new general manager for Taiwan from June 12, 1990. Mr Yeo, who was Singapore Airlines' assistant station manager for
        79 words
      • Article
        Appeal to Patricians
        91 2 OLD BOYS of St Patrick's School have been asked to rally round their alma mater. The school plans to go single-session in 1992, and will require a new block of 20 classrooms to house the additional classes. It needs to raise $1.5 million towards the $5.5 million
        91 words
    • Article
      Wages increased 9.8pc last year: survey
      402 2  -  By Anna Teo TOTAL WAGES went up by 9.8 per cent last year, up from 8.2 per cent in 1988, according to the findings of a survey of 9,900 private sector companies by the Ministry of Labour. The survey was conducted in the first
      402 words
    • Article
      Encouraging progress for flexi-wage
      310 2 NEARLY three-quarters of unionised companies surveyed by the Ministry of Labour have implemented flexible wage systems, and a good proportion of the nonunionised ones have also put in place informal systems. This is disclosed by the ministry in an update of wage reform in the latest
      310 words
    • Article
      AT&T appoints a second distributing agent
      186 2 TO FURTHER penetrate the growing local market, AT&T of the United States has appointed a second agent to distribute its computer systems and software. The new agent is Infonet Engineering, the first being Computer Processing Services which was appointed in 1988. Infonet Engineering, owned
      186 words
    • Article
      Centre to strengthen cooperation with Japan
      190 2 TO MAINTAIN the strong ties that have developed between Japan and Singapore, a centre which will explore new opportunities for cooperation is to be set up, said Mr Mah Bow Tan yesterday. To be known as the International Relations Centre, it will be established
      190 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      506 2 VmmI fey No Bvtti Arrival Dqtvlm V«set Voy No Bar* Armal (tapartn Wan 3 306/90 M48 atongside 2605/1200 Reopw Wlwrves Suoarat 32/90 M38 atoneside 2605/2359 htfJbh 22W8 K18 atongstoe 27.K/2300 JTSa* 6o/90t M3A 2?0y2015 2605/2300 »w 36 13 K17 alongside 25.06/1200 U0A90 2605/2315 2705/1800 15/90 R31 alongside
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    • Article
      CONTAINER SCHEDULE
      1493 2 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Traratainef Schedules Shp Voy No Arr Date fine From To Bootaf Gate Bi Op Gdi i. i. M Mtrgab 48 28 05 90 2200 26/0830 26/0929 Portnet 2 N4 00 F05 26/2345 27/0044 HA 2 Mi Hnde ***** *****0 0200
      1,493 words
    • Article
      IN MALAYSIAN PORTS
      216 2 Pwt Kl—g South Pwt Retro Naga berth 1; Bangkhunprom berth 3; Tha Ho No 1 berth 7; Swee Long Satu berth 7A. KCT: M North Port Ivan Varov berth 11; Bangluang berth 12; Pskov berth 13; Dade berth 14; Tai Bao berth 16, Southern Cross berth 17;
      216 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      FELS wins another $150m rig contract from Santa Fe
      405 3  -  By Schutz Lee FAR EAST Levingston Shipbuilding Ltd (FELS), a member of the diversified Keppel group, has secured yet another contract from US-based contractor Santa Fe International Corporation to firmly establish itself as the world's largest rig builder. The contract, the
      405 words
    • Article
      Lock icon Go-ahead given for Pacific Bank listing
      485 3 Bernama PACIFIC BANK Bhd's application for a public listing has been approved by Bank Negara and the Capital Issues Committee (CIC) and it expects to see its shares listed on the main board of the Kuala Lumpur Stock Exchange (KLSE) by endAugust. Chairman Choi
      Bernama  -  485 words
    • Article, Illustration
      Inno-Pac to set up chicken farm with S'pore Food and Salim
      394 3  -  By Suzanne Soh INNO-PACIFIC Holdings (IPH) and a governmentowned food wholesaler are teaming up with Indonesian conglomerate Salim Group, to set up a $50 million chicken farm and factory on Pulau Bulan. A memorandum of understanding (MOU) was signed
      394 words
    • Article
      Tan Chong on expansion drive
      364 3 TAN CHONG Motor Holdings Bhd will spend about Ms2s million over the next 18 months to upgrade and expand its automotive components manufacturing operations. Speaking to reporters after the company's annual general meeting, managing director Tan Eng Soon said the money will also be used
      364 words
    • Article
      Lock icon Builders fear boom and bust cycle
      664 3 MARKET TALK Bernama THE SHARP cost increases in building materials in Malaysia are proving to be a double-edge sword it is bad news for the construction industry but good news for manufacturers of such items. This is particularly true in the case of quarry
      Bernama  -  664 words
    • Article
      Horiguchi attracts much attention at debut
      269 3  -  By Lim Mui Khi HORIGUCHI Engineering Co Ltd's debut on Sesdaq yesterday exceeded market expectations, trading to a high of $1.27, before closing at $1.22. The stock, which started from a low of 75 cents, was the second most active stock with 5.14 million
      269 words
    • COMPANY BRIEFS
      • Article
        Sime S'pore to sell stake in Bakke Sime
        99 3 SIME SINGAPORE Ltd said it agreed to sell its 50 per c<3*l stake in Bakke Sime Darby Shipping Pte Ltd to its other* shareholder the East Asiatic Co Ltd. Bakke Sime and East Asiatic Co are both subsidiaries of the East Asiatic
        99 words
      • Article
        NBT expects contribution
        84 3 NORTH Borneo Timbers Bhd (NBT) expects its 75 per-cent-owned horticulture subsidiary, NBT Enterprises Pte Ltd,* to contribute to profits for 1991, chairman Nusli N Wadia said. The Singapore subsidiary was making excellent progress in developing the production nursery in Johor which was nearly a year ahead of
        84 words
    • Article
      Lock icon Restructured Lien Hoe surges ahead
      181 3 Reuter SHARES of Lien Hoe Corp Bhd (LHC), suspended on the Kuala Lumpur and Singapore exchanges since March 6, surged when the stock was requoted yesterday following a restructuring of the firm's capital. On Singapore's Clob International, Lien Hoe traded between a high of $1.35
      Reuter  -  181 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      89 3 Chartpoint every Saturday CHRISTIAN SCIENCE LECTURE We cordially invite you and your friends to a free lecture titled HARMONY IS NOT A MIRACLE, IT IS THE LAW OF GOD IN ACTION" by MRS. HERSUBENO S. SUNARTI C.S. of Jakarta, Indonesia The Omni Marco Polo Hotel (Tanglin Road) Tanglin Room I
      89 words
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Thai exchange extends daily trading hours
        157 4 THE THAI stock market said it will extend its daily trading hours to three hours from the current two, effective June I, to cope with a rising volume of transactions. The exchange's board voted for the expanded hours after the market daily turnover soared
        157 words
      • Article
        Isetan expects 7b yen net profit
        93 4 JAPANESE department store Isetan Co Ltd said it forecast parent company net profit of seven billion yen in the year ending March 31, 1991, up from 6.55 billion in 1989/90. Current profit is forecast at 15 billion yen in 1990/91 against 14.73 biUion a
        93 words
      • Article
        Marubeni in Manila rail tie-up
        87 4 MARUBENI Corp will manage a railroad construction project in the Philippine capital of Manila in cooperation with Hongkong and Belgian companies, a Marubeni spokesman sais. The project, expected to cost 70 billion yen, will involve construction of a new 15 kilometre railroad, purchase of 285
        87 words
      • Article
        Nippon Express forecast
        82 4 NIPPON Express Co Ltd, Japan's largest integrated transportation firm, forecast group net profit of 17.40 billion yen in the year ending March 31, 1991, up from 17.34 billion the previous year, the company said in a statement. The company estimated 1990/91 current profit at 44.00 billion yen,
        82 words
      • Article
        Ajinomoto expects 16b profit
        85 4 AJINOMOTO Co Inc sees parent net profit of 16.50 billion yen in the year to March 31, 1991 against 15.92 billion a year earlier, Japan's biggest food processor said in a statement. It expects 1990/91 current profit of 34.40 billion after 33.95 billion a year ago,
        85 words
      • Article
        STC mum on Fujitsu deal
        95 4 BRITISH electronics group STC pic declined to say whether it is having talks with its long-standing Japanese partner Fujitsu Ltd about Fujitsu taking a stake in STCs ICL computer unit. The Financial Times yesterday reported Fujitsu group president Takuma Yamamoto as saying he would be
        95 words
      • Article
        Koito rejects Pickens' request
        123 4 KOITO MFG Co said US corporate raider T Boone Pickens will have his request for representation on the company's board turned down at a shareholders meeting next month. Koito officials said Mr Boone Pickens' requests, including one for four seats on Koito's board of directors, will
        123 words
    • Article
      Lock icon Retail sell-offs may bag Lion's share of brewing
      515 4 Reuter LION NATHAN Ltd is considering selling or swapping its retailing interests in its struggle to buy into Australia's Bond Brewing Holdings Ltd, analysts said. Newspaper reports have suggested Lion may buy The Adelaide Steamship Co Ltd's 19.9 per cent holding in
      Reuter  -  515 words
    • Article
      Lock icon Toyota considering investing in Czech vehicle plant
      411 4 FT TOYOTA MOTOR, Japan's biggest auto maker, is studying plans to invest in a vehicle plant in Czechoslovakia, in what would be the largest Japanese investment in Eastern Europe. While Toyota's plans are still at an early stage, such a project would do
      FT  -  411 words
    • Article
      Lock icon Tokyo steelmakers post solid results
      204 4 Reuter JAPAN'S major steelmakers forged a string of strong profits from a robust Japanese economy in the year to March 31, results released yesterday showed. "Extremely active car, construction and manufacturing industries pushed up profits to a record high in the last fiscal year," said
      Reuter  -  204 words
    • Article
      Lock icon Hoylake sells BAT shares
      222 4 Reuter HOYLAKE Investments Ltd has sold around half of its 1.3 per cent stake in BAT Industries pic as part of its moves to disband after deciding last month not to renew its bid for the UK company. A Hoylake spokesman said the consortium led by
      Reuter  -  222 words
    • Article, Illustration
      Lock icon Li Ka-Shing resists pressure to shift domicile
      347 4 FT LEADING Hongkong entrepreneur Li Ka-Shing, is coming under intense pressure from potential business partners in the US and Canada, as well as from directors of his main companies, to move his group's legal domicile to Bermuda before Hongkong returns to Chinese sovereignty
      FT  -  347 words
    • Article
      Lock icon British & Commonwealth puts Exco up for sale
      116 4 British Commonwealth puts Exco up for sale AFP BRITISH financial group British and Commonwealth, (B&C), fighting for survival after its computer subsidiary went into receivership, is putting its most profitable division, money broker Exco International, up for sale. Its sale is subject to approval by the Bank of England. Exco,
      AFP  -  116 words
    • Article, Illustration
      Lock icon British Telecom makes a clean break
      599 4 Reuter BRITISH Telecommunications pic's £390 million management restructuring plan has impressed share analysts as a clean break from its public sector past. British Telecom revealed a £390 million exceptional charge to cover the restructuring and 10,000 job cuts, plans for which were announced in
      Reuter  -  599 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      230 4 The University Melbourne Postgraduate Diploma in Management Studies: 1991 A nine-month full-time course which covers the major disciplines of management. Suitable for junior managers or technical people from any discipline who wish to move into management. Tuition Fee $A 13,140 (Accommodation, textbooks, Government charges are additional.) Candidates must have the
      230 words
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  • FINANCIAL NEWS
    • Article, Illustration
      Lock icon Japanese slated to pull off bank first in Shanghai
      306 5 AFP ZHU RONGJI, the mayor of Shanghai, has said a Japanese hank will be the first foreign bank to set up a branch in the Chinese city, Jiji Press reported in Beijing on Friday. Mr Zhu was quoted by Jiff as
      AFP  -  306 words
    • Article
      Lock icon Bank of China's profit growth better than expected
      534 5 Reuter THE Bank of China (BoC) group, China's financial arm in Hongkong, recorded better than expected net profit growth of about 20 per cent for 1989 despite last June's political turmoil, BoC sources said. "The profit growth (for the Hongkong and Macau
      Reuter  -  534 words
    • Article
      Nomura/Jafco gets offshore licence
      185 5  -  By Quak Hiang Whai NOMURA/JAFCO Investment (Asia) Ltd, a subsidiary of Nomura Securities which was set up to invest in unlisted companies in the Asian region, has received an offshore fund management licence from the Monetary Authority of Singapore. Mr Kazuo Kobayashi, a vice-president of Nomura/Jafco
      185 words
    • Article
      Lock icon Japan extends lead as top creditor
      265 5 Reuter JAPAN extended its lead in 1989 as the world's largest creditor nation, piling up an extra U551,469 billion in net foreign assets, the finance ministry said. Japan's net overseas holdings the balance between assets and debts it holds abroad reached a record U*****.2
      Reuter  -  265 words
    • Article, Illustration
      Lock icon Lloyds sees great potential in USSR
      314 5 Reuter THE Soviet Union presented 1 huge opportunities for foreign insurers if it succeeded in reforming its economy, the chairman of the Lloyd's of London insurance market said on Thursday. "We have to be optimistic and take the view that they're going to become
      Reuter  -  314 words
    • Article
      Lock icon Rescue schemes will 'clean' up financial system, says Bank Negara
      541 5 Bernama MALAYSIA'S financial system will be "clean", firmer and stronger once the rescue schemes for four ailing finance companies under its supervision are finalised by the year-end, a Bank Negara spokesman said on Thursday. He added that upon completion of
      Bernama  -  541 words
    • SMALL CHANGE
      • Article
        Probe on pyramid-type business
        98 5 BANK Negara has begun investigations on pyramid-tyi* business operators who are believed to have attracted millions of ringgits as investments from the public with Mb promise of high dividends. Banking sources said yesterday that the investigations were being conducted by the bank's special investigation unit which
        98 words
      • Article
        Koreans tap Asian $ market
        61 5 Koreans tap Asian market KOREA Merchant Banking Corporation has become the Korean financial institution since 1987 to raise funds front, the Asian dollar market. The company yesterday US$3O million floating rate notes issue. The issue was joiriti& lead-managed and arranged by KDB International (Singapore), the local merchant banking subsidiary of
        61 words
      • Article
        Peso hits record low
        57 5 THE Philippine peso hit a record low of 22.977 against tl|e> US dollar in interbank trade, down from Thursday's previewt record low of 22.966, the Bankers' Association of the Phifeipv pines said. The new rate was set after five banks traded, US$4.5 million among themselves, without
        57 words
      • Article
        E Germans need up to DM50b
        75 5 EAST Germany wants to borrow up to 50 billion W6sf German marks to provide liquidity for its industry, in 'Art? need of modernisation, the Financial Times newspaper saltf yesterday. It quoted Wolfram Krause, deputy head of handanstalt, the trust body which owns most state
        75 words
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  • Page 5 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Jakarta in final stage of renewing Beijing ties
        124 6 INDONESIAN Foreign Minister Ali Alatas will visit Beijing in early July to finalise the resumption of diplomatic relations frozen more than 20 years ago. A Foreign Ministry statement said senior officials from both countries ended a meeting in Hongkong on Tuesday "which
        124 words
      • Article
        HK acts to curb smuggling
        92 6 HONGKONG is to tighten the control of smuggling across its border with China following an incident in which two Hongkong undercover police officers were held by Chinese authorities early this month. Sources said the government was seeking Chinese cooperation on the plans to curtail smuggling
        92 words
      • Article
        N Korean defence spending
        62 6 NORTH KOREA will keep its defence spending unchanged at 12.1 per cent of its national budget to cope with US and South Korean "war moves". North Korean Finance Minister Yun Gi-Jong told the Supreme People's Assembly in Pyongyang the 1990 budget revenue was set at 35.66
        62 words
      • Article
        Chinese tourists flocking to HK
        63 6 MORE than half a million tourists from China visited Hongkong in the last six and a half years. Since tours started in 1983, some 518,000 people had visited this British colony, which is to revert to Chinese rule in 1997, by the end of April,
        63 words
      • Article
        Sanyo machines for Soviets
        52 6 SANYO ELECTRIC Co, a leading Japanese electric appliance maker, yesterday said it would export 20,000 fully automatic washing machines made at its Singapore subsidiary to the Soviet Union. The machines are worth 800 million yen (US$5.3 million). Sanyo will start the shipments to the Soviet Union
        52 words
      • Article
        Dialysis machines in M'sia
        54 6 B BRAUN Medical Industries Sdn Bhd (BMI) plans to manufacture dialysis machines in Malaysia as part of its expansion programme. BMI managing director Reinhard Juette said production, which was scheduled to start in December this year or in January the next year, would begin with assemblying
        54 words
    • Article
      Lock icon Beijing hopes for end to sanctions
      265 6 Reuter CHINA HOPES its next foreign policy goal, an end to Western sanctions, will be speeded up by Washington's renewal of China's most-fa-voured-nation trade status, diplomats said on Friday. By making partial concessions on human rights, China successfully influenced US President George Bush and
      Reuter  -  265 words
    • Article
      Lock icon HK business welcomes US easing on China
      343 6 AP MORE US leaders are recognising that halting trade concessions for China would "devastate" pro-Western Hongkong and hurt the wrong people in China, says the head of Hongkong's American Chamber of Commerce. "The damage to Hongkong would have been proportionately larger than the
      AP  -  343 words
    • Article, Illustration
      Forget the past, embrace the future
      35 6 South Korean First tady Kim Ock-Sook embracing a little Japanese boy at a rehabilitation centre for children yesterday. President Roh Tae-Woo is in Tokyo for a three-day state visit.
      35 words
    • Article
      Lock icon Pitfalls make trading with Hanoi difficult
      332 6 South China Morning Post VIETNAM, an agricultural country rich in natural resources with a huge labour force, has the potential to become one of Asia's biggest markets. But many pitfalls, such as the lack of any banking and legal infrastructure, would make it difficult
      South China Morning Post  -  332 words
    • Article
      Lock icon Ipoh free trade zone meeting good response: official
      315 6 Bernama PERAK's second free trade zone (FTZ) at Jalan Kuala Kangsar in Ipoh has received encouraging response from Taiwanese investors, said State Development Corporation industrial division chief Haji Iskhak Bardan. To date, five Taiwanese companies had booked lots at the 60-hectare industrial
      Bernama  -  315 words
    • Article
      Lock icon Rafidah asks investors to consider new sites
      190 6 MBT FOREIGN and local investors facing difficulties in getting workers in well developed industrial areas in Malaysia should consider setting up their operations in newly-opened industrial areas. Trade and Industry Minister Datuk Seri Rafidah Aziz said investors need not fear setting up their
      MBT  -  190 words
    • Article
      Work starts on Aussie tie-up in Cambodia
      291 6 WORK ON Cambodia's first joint venture with a Western company a telecommunications system has begun, reported the South China Morning Post on Thursday. Since the government announced its new foreign investment code last year, few investors from non-socialist countries have invested in Cambodia.
      291 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      144 6 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our dally reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap
      144 words
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  • THE WORLD
    • Article
      Lock icon GNP downward revision fails to dampen optimism
      512 7 AFP A STRONG downward revision of the nation's output in the first quarter, with the Commerce Department on Thursday putting it at 1.3 per cent against an earlier estimate of 2.1 per cent, has failed to dampen economists' beliefs that the US economy
      AFP  -  512 words
    • Article
      Lock icon Small US firms facing growing credit crunch
      348 7 Reuter SMALL businesses in the United States say credit is becoming harder to find, and that the loan pinch is threatening to upset Vh years of uninterrupted US economic growth if it persists. "We've been growing and paying down long-term debt, but when
      Reuter  -  348 words
    • Article
      Lock icon Japan enters 42nd month of economic expansion
      271 7 AFP JAPAN entered the 42nd straight month of economic expansion in May, thanks to sustained and brisk domestic demand, matching its secondlongest period of economic boom between June 1958 and December 1961. The Economic Planning Agency yesterday said in a report based on
      AFP  -  271 words
    • Article
      Lock icon Soviets seek resumption of air talks in Washington
      363 7 NYT IN AN ATTEMPT to revive stalemated talks on expanding air travel between the United States and the Soviet Union, the Soviets have requested that the negotiations be resumed in Washington this weekend. US officials said previously that the talks had broken
      NYT  -  363 words
    • WORLD WATCH
      • Article
        Urgent consensus on deficit needed: Bush
        76 7 PRESIDENT George Bush has said it was necessary to reach an agreement with Congress on reducing the nation's budget deficit before the July summit of the seven industrialised nations. "I don't have a time-frame linked to progress or lack of progress by the time
        76 words
      • Article
        Japan's CPI up 2.5pc
        93 7 JAPAN'S consumer prices rose 2.5 per cent in April from a year earlier. The Management and Coordination Agency said in a preliminary report that the consumer price index for April stood at 106.3 against the 1985 base figure of 100, which also recorded a 0.8 per
        93 words
      • Article
        Democratic wavelengths
        84 7 RADIO FREE Europe has announced the opening of bureaus in Prague and Warsaw, despite a White House recommendation that broadcasts to Eastern Europe be reduced. An announcement by the service, which is based in Munich, said the leaders of the newly democratic governments of Poland and* Czechoslovakia had
        84 words
      • Article
        Cocaine shipments rising
        63 7 COCAINE shipments from South America to Europe and Japan are soaring despite a crackdown on drug traffickers by_ authorities in Colombia. "Probably 200 tonnes are going to Europe now," said an official, a narcotics expert who requested anonymity told reporters. US officials said annual shipments to the
        63 words
      • Article
        Hungary starts privatisation
        92 7 HUNGARY is to sell off IBUSZ, its largest state travel agency, to foreign and domestic investors in an open share offering next month. The sale between June 11-15 will be the firsr major privatisation by Hungary's new State Property Agency., which plans to raise up to US$2
        92 words
      • Article
        Home sweet home
        93 7 JAPANESE fed up with the high cost of land and housing in Tokyo are looking for jobs back in their hometowns, a move encouraged by governments outside Tokyo as a way to solve a labour shortage. The Tokyo office of mountainous Nagano Prefecture, northwest of Tokyo, started
        93 words
    • Article
      Lock icon Gorbachev offers Lithuania sovereignty within 3 years if...
      271 7 Reuter SOVIET President Mikhail Gorbachev on Thursday offered Lithuania sovereignty in two or three years if it suspended its declaration of independence. Mr Nikolai Medvedev, a deputy to the central Supreme Soviet, said Mr Gorbachev made his compromise offer during a one-hour
      Reuter  -  271 words
    • Article, Illustration
      Lock icon Soviet reform plan sparks panic buying
      388 7 Reuter SHOPPERS in Moscow and Leningrad began panic buying. clearing out already halfempty shelves after the government announced an economic reform plan that would double the prices of basic foodstuffs. The reform plan came under fire from radical members of the Soviet parliament. Their
      Reuter  -  388 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      207 7 Global Strategies Supplement 1990 'Global Strategies: World Class Partnerships' is the theme of Business Times' second Global Strategies Supplement. To be published on June 4, 1990, it will coincide with the Global Strategies Conference a meeting for over 1,000 senior executives from multi-national corporations and local companies to discuss key
      207 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Stocks close mixed on lack of buying support
      4090 8  -  By William Chia SHARE PRICES on the Singapore stock exchange closed mixed on lower volume yesterday as small investors dominated the market while institutions stayed on the sidelines. Trading activity was mainly focused on Malaysian lower-priced and speculative stocks. Singapore blue chips
      4,090 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4206 9 Main Board DBS 1350 f 20 1.5% Jurong Ship50« 855 +15 1.8% Chem Ind 140 12 3.7% SIA 1360 +10 +0.7% Inchcapc 565 10 +1.8% B Sembawang 550 +10 +1.9% ICS 550 +10 1.9% GB Hldgs 10* 324 flO +3.2% Metaloek25' 304 7 2.4% LAM50*
    4,206 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices drift on lack of follow-through
      3807 10 Bernama KUALA LUMPUR share prices drifted uncertainly yesterday to close mixed on lack of follow-through support despite sharp gains in Tokyo. The KLSE Composite Index fluctuated narrowly to end at 586.51, down a marginal 0.22 point while the Industrial Index rose 5.46 points to
      Bernama  -  3,807 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      211 10 GOT PROBLEMS? > Soup too salty Mouse in the house m Jf* Car won't go Ketchup won't flow Solve them with HOUSEHOLD HINTS HANDY TIPS jjfim a wMH■ Drop i raw potato in VV wipers smear budge the J the pot, remote v 1 ing? Clean wind- bolt. Pour on
      211 words
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      Page 10 Advertisements Column 2
      370 10 NOTICES THE COMPANIES ACT CAP. M SP ENGINEERING CONSTRUCTION PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of SP Engineering Construction Pte Ltd duly convened and held on 17 May 1990 the following special resolution was passed:- WINDING UP It was resolved that the? company be wound up'
      370 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Strong yen sends share prices sharply higher
      2288 11 Reuter TOKYO stocks ended sharply higher yesterday. The yen broke through 150 to the dollar in late afternoon trade for the first time in more than two and a half months, fuelling already strong buying sentiment in the stock market. But brokers were
      Reuter  -  2,288 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      US decision on China trade boosts market
      2562 11 HONGKONG'S blue chip Hang Seng index ended higher yesterday, but off earlier highs on profit-taking ahead of a three-day weekend, brokers said. "Early buying was a follow-on from the day before," a UK house broker said. "But a lot of traders are sitting
      2,562 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks rally, Taipei market plunges
      • Article
        SYDNEY
        937 12 AUSTRALIA'S sharemarket ended firmer yesterday mainly on short-covering as players bought back stock that had been oversold during the week. The All Ordinaries Index ended 9.4 points up at 1,479.7. Volume was inflated by options expiries in a number of major stocks. Brokers said offshore interest had remained minimal
        937 words
      • Article
        BANGKOK
        658 12 THAI stocks closed mixed yesterday after opening firmer. The SET Index gained 5.50 points to close at 976.83. Turnover stood at 36.297 million shares valued at 3.91 billion baht. Siam Cement was down 20 baht to close at 6886 and Siam City Cement was two baht lower at 259.
        658 words
      • Article
        JAKARTA
        398 12 JAKARTA stocks closed little changed yesterday with the Composite Ipdex edging up 1.12 points to 647.37. Finance firm PDFCI dominated the regular stock market at 117,000 shares, with its price rising to 14,750 rupiah. Astra fell 100 rupiah to 24,100, with 40,500 shares changing hands. Tyre maker Gajah Tunggal
        398 words
      • Article
        Untitled
        94 12 Clow Prttiwn May 2S May 24 SYDNEY All Ordinaries Index 1,479.7 1,470.3 +-9 4 All Industrials Index 2.308.3 2,294.4 +13.9 All Resources Index 847.8 841.9 +5.9 Turnover (million) 85 60 85 75 -0.15 BANGKOK SET Index 976.83 971.33 +5 50 Turnover (nearest '000) 36,297 42.400 -6,103 JAKARTA Composite Index 647.37
        94 words
      • Article
        MANILA
        581 12 BARGAIN-HUNTING yesterday pushed Philippine shares up in what analysts believed was a temporary respite from a long market decline. The Manila Stock Exchange Composite Index rebounded to 903.61, up 28.72 points from a 15-month low of 874.89 on Thursday. Combined trade on the two bourses rose to 741.4 million
        581 words
      • Article
        NEW ZEALAND
        437 12 ENCOURAGING profits by Bank of New Zealand and Carter Holt Harvey saw the market close higher on moderate volume yesterday and dealers expect more improvement early next week. "I think the market put in quite a good performance in the afternoon when you consider how dreary trading has
        437 words
      • Article
        Untitled
        327 12 In local currency In S$ In LS$ da) S year day year day year May 23 Index change change change change change change World 431.3 0.2 -7.2 0.3 -10.5 0.3 -8.2 |EAFE 603 3 0.1 -11.4 0.5 -14.7 06 -12.5 Europe 445.9 0.2 -I.I 0.5 0.3 06 2.9 Pacific 1044.4
        327 words
      • Article
        SEOUL
        806 12 SEOUL stocks yesterday rose on late institutional buying and on news economic growth boomed in the first quar- ter. The Composite Index closed at 790.73, up 4.94 points from the previous session. Turnover was a moderate ISS.3 billion won against 117.1 bilhoq at Thursday's close. r. A market stabilisation
        806 words
      • Article
        TAIPEI
        422 12 TAIWAN stocks plummeted a record 6.7 per cent as the market was bathed in pessimism after this month's steep losses. Almost every issue fell sharply in the opening minutes and then turnover dried up as no buyers appeared. <-* "No one is buying because of the extreme panic," one
        422 words
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  • WORLD STOCK MARKETS
    • Dow's loss snaps 3-day winning streak
      • Article, Illustration
        NEW YORK
        1219 13 US BLUE CHIPS gave in to profit-tak-ihg in the last minutes of trading on Thursday, closing down slightly after trading in a narrow range throughout the day. "It looks like a Mexican standoff here," said Smith Barney portfolio strategist Marshall Acuff. "I think we're sort of getting into
        1,219 words
      • Article, Illustration
        LONDON
        795 13 LONDON share prices were lower at midday yesterday in a featureless market. Investors were noticeably absent on the last day of the two-week trading account and ahead of a long holiday weekend, dealers said. Monday is a bank holiday in Britain. London's Stock Exchange divides trading into two-week and
        795 words
      • Article
        Untitled
        80 13 May 24 Ckwc PrrriMH NEW YORK Dow Jones 2,855.55 2,856.26 -0.71 NYSE Financial 146.73 146.44 +0.29 SAP 500 358.41 359.29 -0 88 Turnover (million) 153.04 172.33 -19.29 LONDON Financial Times 30 1,805.2 1,810.0 -4.8 FTSE 100 2,277.1 2,287.4 -10.3 Turnover (million) 420.3 542.1 -121.8 AMSTERDAM CBS General dosed 198.30 BRUSSELS
        80 words
      • Article
        AMSTERDAM
        353 13 DUTCH shares edged up in thin early afternoon trading still supported by Wall Street's recent gains, traders said. Continued speculation the Dutch central bank might cut leading interest rates also underpinned prices. At 1120 GMT, the CBS All-Share Index was up 0.5 points at 119.6. "Sentiment is positive but'there
        353 words
      • Article
        MILAN
        140 13 ITALIAN share prices extended their recent rally yesterday, with the MIB Index rising 0.6 per cent in early trading from Thursday's high for the year at 1,076. Brokers said there was strong demand for Montedison, but Fiat remained on the sidelines. De Benedetti's CIR showed slightly weaker after the
        140 words
      • Article
        ZURICH
        232 13 SWISS SHARES traded slightly higher at midsession yesterday. Dealers said mainly foreign demand pushed prices up. A firmer Tokyo close also supported sentiment. The SMI Index of leading shares added 1.2 points for 1,733.5. The SPI All-Share Index gained 2.1 points for 1,144.9. Zurich May 23 Francs Actions Suisscs
        232 words
      • Article
        PARIS
        99 13 FRENCH share prices were down but off their morning's lows by midsession yesterday, idling in very quiet trade where Elf Gabon provided practically the only interest, dealers said. The CAC-40 Index was 2.89 points lower at 2,120.4S at 1043 GMT after opening marginally higher at 2,123.83. Paris May 23
        99 words
      • Article
        FRANKFURT
        372 13 GERMAN shares prices drifted lower in extremely thin trade yesterday as many market participants extended Thursday's Ascension Day holiday into a long weekend. Dealers said much of yesterday's decline was technical, with the market giving back some of the gains recorded on Wednesday. They also said the market remained
        372 words
      • Article
        JOHANNESBURG
        377 13 GOLD SHARES in Johannesburg closed narrowly mixed yesterday after tentative early gains as traders nervously watched the bullion price for any further signs of weakness after Wednesday's heavy Middle East sell-off. The gold price has recovered partially to around US$367, but market confidence has been severely shaken by the
        377 words
      • Article
        TORONTO
        244 13 Toronto stocks drifted downward on Thursday after bargain-hunting trimmed early gains in gold shares, dealers said. A 25 basis point hike in the Bank of Canada rate weakened most sectors, but investors were reluctant to take positions before the US holiday. The Composite Index lost 8.8 to 3,510.6 on
        244 words
      • Article
        Untitled
        125 13 Brussels May 23 Francs FORWARD MARKET Acec 4250 +20 Artoed 5110 -30 Astur 1440 10 Brascan... 626 +4 Canpac 650 +16 Cock 195 unch De Beers 870 -14 Ebcs 3955 -50 Gb-lnno-Bm 1366 -14 Gevaert 8780 360 Gr Bru Lamb 3985 -10 Hobok Petro ***** +250 Ryl Dutch 2635 +5
        125 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      26 13 Markets in the following countries were closed on Thursday for Ascension Day: Austria, Belgium, Denmark, France, Indonesia, Luxemburg, Netherlands, Norway, S Africa, Switzerland and West Germany.
      26 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar falls below 150 yen in London morning trading
      1132 14 FOREX MARKET REPORTS THE US dollar fell below 150 yen in London yesterday, hitting 149.75 yen shortly after 8.30 am (0730 GMT) after falling earlier in New York and Tokyo. The US dollar had closed at 150.05 yen in Tokyo
      1,132 words
    • Article
      Corrections and clarifications
      29 14 The overnight rate for the S$ interbank money market closed at h-\ per cent on Thursday, and not 7-7% per cent as indicated in yesterday's BT.
      29 words
    • Article
      INTERBANK FOREX RATES
      387 14 Cross rates Mly USS S$ M$ Dm Yen SFr A$ NZS USS 1.8470 2.6990 1.6820 150.80 0.5924 1.4330 1.3072 1.7422 SS 0.5414 1.4613 0.9107 0.8165 0.3207 0.7759 0.7077 0.9432 MS 0.3705 68.43 0.6232 0.5587 0.2195 0.5309 ***** 0.6455 Dm 0.5945 1.0981 1.6046 89.66 0.3522 0.8520 0.7772 1.0358
      387 words
    • Article
      MONEY MARKET
      565 14 Interbank rates SS Bid Offer Overnight 4 1/2 5 1-month 7 5/8 7 3/4 2-month 7 5/8 7 3/4 3-month 7 5/8 7 3/4 Owjght mode: 6-3/8 ISS Bid Offer 7 days 8 1/8 8 1/4 1 month 8 3/16 8 5/16 2 months 8 1/4 8 3/8
      565 words
    • Article
      Lock icon Japanese debt market poised for a comeback
      346 14 Reuter NEW yen-denominated financings in the primary sector provided fresh evidence that the Japanese debt market is about to stage a comeback, bond economists said. "The market is in much better shape than it was at the beginning of this fiscal year," Mark
      Reuter  -  346 words
    • Article
      FINANCIAL FUTURES
      1494 14 SIMEX BMMUjl Open High Low Sett Est Vol Op/In Vol Jun 90 91.60 91.60 91.58 91.59 1284 ***** 3297 Sep 90 91.56 91.56 91.54 91.54 5356 ***** 6792 Dec 90 91.45 91.45 91.41 91.41 1606 4122 1868 Mar 91 91.29 91.29 91.27 91.27 231 709 1159 Jun 91
      1,494 words
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  • COMMODITIES
    • Article
      Tin price falls 3 sen to M$16.97 in quiet trade
      837 15 REPORTS THE price of tin eased three sen, to M$ 16.97 per kg on the Kuala Lumpur Tin Market yesterday on higher disposal and buyers' reserve, traders said. At the opening, bids amounted to 40 tonnes only against offers of
      837 words
    • Article
      Lock icon KL output of crude palm oil up 18pc in first four months
      372 15 Bernama MALAYSIA produced 412,817 tonnes of crude palm oil in April, down 9 per cent from the output of 454,997 tonnes recorded in March, the statistics department said in Kuala Lumpur yesterday. In its latest release of monthly
      Bernama  -  372 words
    • Article
      Lock icon Iran's pipeline still just a pipe-dream: analysts
      367 15 Reuter AN AMBITIOUS plan by Iran to sell natural gas via a 3,000-km (1,900-mile) pipeline to Pakistan and India will remain a dream for some time because Tehran is short of finance, Gulf oil industry analysts say. "Iran does not have the money
      Reuter  -  367 words
  • Article
    PRICES
    1297 15 Rubber May 25 1 Noon Close Int 1 RSS Prompt 157.00/158.00N 157.50/I58.50N Int 1 RSS June 90 158.75/159.25 159.2 V 159.75 Int 1 RSS July 161.00/161.50 161.25/161.75N Int 2 RSS OP 153.00/155 OON 153.25/155.25N Int 3 RSS OP 147.50/149.50N I47.7V149.75N Int 4 RSS OP 143.50'! 45. SON I43.7VI45.75N Int
    1,297 words
  • Page 15 Advertisements
Page thumbnail Page 16
  • Article
    Law Society sets date for compulsory insurance
    409 16  -  By Elaine Koh THE LAW SOCIETY has finally hammered out a compulsory insurance scheme for its members which is targeted for launching in September, pending changes to the Legal Profession Act. This means that all the 560 or so law firms in Singapore,
    409 words
  • Article
    Will Steve Jobs' NeXT wonder catch on here?
    370 16  -  By Walton Morais COMPUTER WIZARD Steven Jobs launched his NeXT wonder in Singapore yesterday to great fanfare but evaded questions on how well the new machine would do in the market. Before 900 guests from the computer industry at the World Trade
    370 words
  • Article
    Lock icon PAS asks non-Muslims to help it set up Islamic state
    231 16 Bernama THE HEAD of the PAS Dewan Ulamak, Haji Nik Aziz Nik Mat, said yesterday that his party needed the support of non-Muslims to set up an Islamic state in Malaysia. However, it would "not cooperate with the Democratic Action
    Bernama  -  231 words
  • Article
    Electronic road-pricing system by 1992
    329 16  -  By Yong Pow Ang AN ELECTRONIC roadpricing system will be put in placc by 1992 to replace all the gantry points of the present restricted zone in the Central Business District. Eight prcqualificd contractors have been invited to submit proposals on such a system by
    329 words
  • Article, Illustration
    Lock icon Lee to Britain: Don't miss boat to Asia
    571 16  -  From Margaret Thomas in LONDON DO NOT repeat the mistakes of the 1970s and abandon South-east Asia again, Prime Minister Lee Kuan Yew said on Thursday night to deci-sion-makers of the British business community. British companies that shy away from investing in
    Photo by AFP  -  571 words
  • Article
    Ad in UK paper on Levin's refusal to meet Lee
    600 16 THE SINGAPORE government on Thursday took a full-page advertisement in The Independent, a leading British daily, to reproduce in full its statement on British columnist Bernard Levin's refusal to meet Prime Minister Lee Kuan Yew in a televised debate. On
    600 words
  • Article
    Govt puts pigs under price control
    260 16 IN A DRASTIC move, tf* government has intervened in the pig market and live pigs a price-controllMl item. Exercising the Price Control Act for the second tii}& in 17 years, it announced yesterday that pig importers vVil need a licence for operatus in Singapore
    260 words
  • Article
    Lock icon Roh urges Japan to transfer technology
    174 16 AFP SOUTH KOREAN President Roh Tae-Woo yesterday used his trip to Tokyo to seek Japanese technology to buoy up the flagging South Korean economy and heard more apologies for Japan's colonial rule of his country. In the first address by a South Korean president
    AFP  -  174 words
  • Article
    Lock icon No basis for bases, says Rithaudeen
    198 16 AFP MALAYSIAN Defence Minister Tengku Ahmad Rithaudeen said yesterday that South-east Asia did not need new foreign military bases to guarantee regional stability. Tengku Rithaudeen was reacting to Singapore's offer of some facilities to the US. "What is happening in Singapore is a matter
    AFP  -  198 words
  • Article
    Lock icon M'sia to explain worker situation to avert withdrawal of GSP
    378 16 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday that the actual situation of workers in Malaysia would be explained to the US so that the General System of Preferences is not withdrawn. He said that the Malaysian
    Bernama  -  378 words
  • Article
    Lock icon Li lauds Bush's renewal of trading status
    203 16 Reuter PREMIER Li Peng yesterday lauded President George Bush's renewal of China's Most Favoured Nation (MFN) trading status and said Beijing would try to restore and develop relations with the US. State television showed a smiling Mr Li telling a Japanese businessman that
    Reuter  -  203 words
  • Page 16 Advertisements
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  • Executive Lifestyle
    • STRAWS IN THE WIND
      • Article
        Durians made simple
        84 17 LONG AGO, there were just Malaysian and local durians. Then Thai durians came on the scene, and now an incredible range is available with mind-boggling names like Monthong, Charnee, Tiger Hill, Sultan, Champion, Al, AA and XO. All very confusing for the consumer, unless you go to
        84 words
      • Article
        Hung(a)ry for sex?
        49 17 IT WAS repotted over the wires that a Hungarian businessman wanted to launch brothels, massage parlours and a fleet of "sex taxis'* in the hope of turning Budapest into the Bangkok of Eastern Europe perhaps he could start a franchise and call It Hung(a)ry For Sex?
        49 words
      • Article
        Fitting tune
        53 17 ONE corporation plays the song Let It Be to callers they put on hold. How apt, sniffed one colleague who kept getting transferred from one One to another and still didn't get to speak to the person she wanted. For sure, she wasn't too keen to let things
        53 words
      • Article
        Female focus
        42 17 ALL the news about women not marrying is starting to be ingrained in the public consciousness. Even censustakers, who go on their house-to-house visits, ask about the marital status of the women in the family, but not the men. Strange.
        42 words
    • Article, Illustration
      Glas-glows with culture
      1081 17  -  Singapore and Glasgow are two cities working towards being cultural centres in their respective regions. Malini Tambyah travels to Scotland to see Glasgow 1990, and studies how Singapore could learn from that city's experience with the arts Malini Tambyah LASGOW. 'jm Tough shipyard workers. PollutV ed industrial
      1,081 words
    • OPINIONS
      • Article, Illustration
        The stage is set for an Umno power play
        1059 18  -  David Chew draws attention to the portents that tell of lively days ahead for Umno and for Malaysian politics David Chew David Chew is on the Foreign Desk 1T IS ANYBODY'S guess whether the October triennial Umno elections will be a
        1,059 words
      • Article
        The Bank of Tokyo is doing just fine, thank you
        707 18  -  LETTERS TO THE EDITOR Kenji Yoshizawa Resident Senior Managing Director for the Americas, Bank of Tokyo I AM WRITING in response to the article titled "Bank of Tokyo fights hard to hold its own" (BT, April 30) by James Sterngold
        707 words
      • Article
        Sir Y K Pao and World International
        139 18  -  John T Hung World International (Holdings) Ltd I REFER to the article on Lane Crawford (BT, May 17) and would like to categorically state that Sir Y K Pao relinquished his position as Chairman and Chief Executive of World International (Holdings) Ltd, The
        139 words
      • Article
        Waging war on high wages
        101 18  -  R The yvendran LET ME congratulate Yong Pow Ang on his article titled "Smaller enterprises need help in transition'YßT, May 17) which appeared under the rubric, The Bottom Line. 1 share the view that these are trying times for many local enterprises. The article cited
        101 words
      • Article
        Glaxo: right figure, wrong purpose
        94 18  -  Tan May Lin Vice-President Unit Director, Burson- Marsteller I REFER to the article on our client, Glaxo, published in Business Times on May 18. Last year, Glaxo did announce an additional investment of $250 million. However, this was not for its existing factory in Jurong
        94 words
      • Article, Illustration
        For Queen and for country
        1256 18  -  Neville Stack examines the issue of Queen and country, and how royalty as an institution continues to stay relevant in the "I life of a nation. But, he also argues for a timely change Neville Stack ,fc The writer was an editorial consultant to The
        1,256 words
    • SPORTS
      • Article
        Lock icon Chaos, charm await World Cup fans
        451 19 Reuter PICKPOCKETS, traffic jams, noise and high prices lie in wait for the soccer fan travelling to Rome for the World Cup finals. But despite the chaos, few visitors to the Italian capital will fail to be seduced by the pleasure of dining outdoors
        Reuter  -  451 words
      • Article
        Lock icon Container rules the waves
        256 19 AP IJDO SCHUTZ's 50-foot (15.3 m) Judel-Vrolijk yacht Container was placed first on Thursday in the opening day of the fifth leg of the International 50-foot Yacht Association World Cup competition off Tortola, in the British Virgin Islands. Eight yachts faced average 10 to 12-knot winds
        AP  -  256 words
      • Article, Illustration
        Lock icon Sanchez breaks Garrison
        398 19 The Women's Nations Cup AP ARANTXA Sanchez Vicario roared back after dropping the first set to defeat Zina Garrison 4-6, 6-3, 6-4 on Thursday and pulled Spain even with the US at the Women's Nations Cup tennis tournament. Fourteen-year-old Jennifer Capriati had given the US a 1-0
        AP  -  398 words
      • Article
        Lock icon Jaite defeats Edberg
        130 19 AP ARGENTINA'S Martin Jaite defeated Stefan Edberg of Sweden 6-3, 2-6, 6-4 as Argentina blanked Sweden 3-0 last Thursday in the US$l.3 million ATP World Team Cup tournament. In the day's other match, Yugoslavia defeated Austria 3-0. Jaite capitalised on a lacklustre performance by Edberg, the world
        AP  -  130 words
      • Article
        Lock icon Seles hits the B-I-G time — in every sense of the word
        616 19 Seles hits the B-I-G time in every sense of the word Reuter WHEN Karoly Seles wondered recently why his ten-nis-playing daughter had lost her form, he reached for his tape measure. For the past nine months, growing up has proved the biggest problem for 16-year-old prodigy Monica Seles. At the
        Reuter  -  616 words
      • Article, Illustration
        Lock icon Senna breaks own qualifying lap record
        428 19 AP ANOTHER YEAR, another Monaco Grand Prix qualifying mark for Ayrton Senna of Brazil. Senna broke his own qualifying lap record on Thursday to gain the provisional pole position in the first official qualifying session for the Formula One Grand Prix. And he did
        AP  -  428 words
      • SIDE LINES
        • Article
          Australian title fights set for late-July
          104 19 AUSTRALIAN BOXING CHAMPIONS JefF Fencch and JefF Harding have both had postponed title fights rescheduled for late July, promoters said yesterday. Promoter Bill Mordey said Fenech would fight Juan Laporte, an American-based Puerto Rican, for the vacant World Boxing Council (WBC) super featherweight championship
          104 words
        • Article
          All Blacks a little cautious
          211 19 NEW ZEALAND rugby union coach Alex Wyllie has an undisputed world champion team which has not been beaten since 1986. But the All Blacks are cautious about their upcoming test series with Scotland, who arrive in New Zealand today. The retirement of lock forward Murray
          211 words
        • Article
          Grady and Mize shoot eagles
          183 19 AUSTRALIAN Wayne Grady and Larry Mize both shot an eagle three and built a two-shot lead with Steve Lowery in Marietta, Georgia on Thursday in the opening round of the US$l million Atlanta Golf Classic. Grady, winner of last year's Westchester Classic, made the eagle
          183 words
        • Article
          Ban on English clubs
          248 19 EUROPEAN SOCCER's ruling body said on Thursday it would wait until after the World Cup to decide whether to re-admit English clubs to major continental tournaments. One top official said that could add a year to the ban imposed five years ago after the Heysel Stadium
          248 words
        • Article
          Italian rides to the top
          196 19 ITALY'S Gianni Bugno won the seventh stage of the Italian cycling tour in impressive form on Thursday, extending his overall lead. The 26-year-old rider left his French rival Laurent Fignon more than one minute behind and capitalised on a 12-second bonus awarded to stage winners.
          196 words
    • PURSUITS 1
      • Article, Illustration
        Frontline struggle turned into art
        729 20  -  Art can spring from a political cause as well as from a market place, Malini Tambyah discovers at Glasgow's Mayfest Malini Tambyah "Economic cooperation in Southern Africa is not based on our abhorence of apartheid. It is firmly rooted in the realisation oj the inadequacies
        729 words
      • Article, Illustration
        All the world's a marketplace
        741 20 PADDY'S MARKET had its world premiere at the Tron Theatre in Glasgow's Mayfest this year. Written by a Glaswegian who used to be a shipbuilder and coalminer, it is a play for the people, from someone truly representative of the people. Tony Roper, the city's
        741 words
      • Article, Illustration
        A halved targa is better than none
        634 21  -  Samuel Ee test-drives the new Nissan NX coupe Samuel Ee OKAY, so you've finally learnt the difference between ARF and PARF. At last, you've memorised the evening hours of the RZ. And you've resolved to double the bid next time around for that
        634 words
      • Article, Illustration
        Healing sick buildings
        566 21  -  A Surendren interviews a doctor who cures his patients by getting rid of pollutants A Surendren |y N 1976, members of the >3! Pennsylvania State American Legion Convention gathered M|the Bellevue Stratford Hotel to »snare war stories and drink in the Analgia of old times. *«*But what
        566 words
      • Article, Illustration
        Glasgow has lots going for it
        751 21  -  At Glasgow 1990, Malini Tambyah meets Christopher Blagdon, a soloist with the Scottish Ballet, and hears what he has to say about the artistic circle. She also highlights some Mayfest events Malini Tambyah I'M A raving lunatic, they don't usually let people like me
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      • Article
        Highlights from the Mayfest
        402 21 Mother Courage, Citizen's Theatre: Glenda Jackson is dynamite. Her portrayal (if not the director's) is true to Brecht. She brings out the fact that the play is as much about business as it is about war. Billy Bragg, Barlinnie Prison: Bragg was seen at many venues
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    • EPICURE 1
      • Article, Illustration
        Lock icon Salad days
        484 22  -  Quek Swee Peng suggests salads and soups during this sunny, sultry season Quek Swee Peng WHILE I usually indulge in substantial and sinful gourmet sessions over the weekend, I do, occasionally, feel guilty about the debauchery of excessive eating. Sometimes, you do get tired of rice, tired of
        Punch  -  484 words
      • Article, Illustration
        Decidedly different
        358 22  -  Chuang Peck Ming tries out an all-lobster meal Chuang Peck Ming Preparing a 'better' dish of lobster is hard, but to do it every year is even harder. That must be one of Century Park Sheraton Singapore's major headaches when its promotions staff sit down yearly to highlight
        358 words
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        Former tobacco heir tells all
        968 23  -  The hand that fed me is also the hand that has killed thousands, says Patrick Reynolds, a grandson of tobacco empire founder R J Reynolds. Richard Seah profiles this leading anti-smoking campaigner. Richard Seah The writer is editor of The Good Life, a health magazine
        968 words
      • Article, Illustration
        Little sweet one of Piemonte: unpretentious and attractive
        704 23  -  WINE By N K Yong WHEN people talk about wine, it's usually about the great wines those with big names, glamour and commensurate price lists. But one topic which generates the most excitement is that of wine connoisseurship, or expertise. But at
        704 words
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        Entries open for Epson contest
        411 23  -  BRIDGE By Sybil Holloway THE Fifth Epson Contest, which is sponsored by the Seiko Epson Corporation and organised worldwide by the World Bridge Federation, will be played in Singapore on June 9 at 2 pm at the NUSS Guild House, Kent Ridge. All entries are
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    • EXECUTIVE JOBS
      • Article, Illustration
        The making of today's R&D manager
        1302 24  -  In the first of a series of articles on the demands on today's managers, Norman Wright, managing partner for Egon Zehnder International (South-east Asia and China), spells out the requirements expected of an ideal research and development executive Norman Wright THE research development manager
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      • Article
        Lock icon Young job-hoppers breaking with tradition in Japan
        532 24 AP YOUNG executives have begun job-hop-ping in the land of company loyalists. Turnover among young employees in Japan has grown to 15 per cent, more than double the 7.3 per cent of 1979, the Labour Ministry said. A government survey of 6,000 employees
        AP  -  532 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        214 24 Teo Ban dual has been promoted to the position of international vice-president and partner of Korn/Ferry International, headquarterd in Los Angeles. Mr Teo specialises in executive search assignments for commercial and industrial companies. He joined Korn/Ferry International in 1986. Also appointed is Mrs Bern Yip. to the
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    • PERSONAL FINANCE & INVESTMENT 1
      • Article
        Lock icon Gold still looking shaky after price slump
        276 25 Reuter The gold price has proved it has a floor above US$36O, but it is still looking shaky, said London analysts after Wednesday's dramatic price slump. The gold market was hit by huge Middle Eastern sales which took the price down to U*****.50
        Reuter  -  276 words
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        Lock icon Things are looking up Down Under
        760 25  -  Lan Little, chief economist of ANZ Banking Group, tells why a severe recession is unlikely in Australia Ian Little THE Australian economy, currently in the midst of a downturn, is set to recover early next year. The slowdown last year was brought on by
        Chart by TeleTrac  -  760 words
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        Lock icon Monetary union doubts weigh down the mark
        610 25 Reuter THE MARK has continued to lose ground against other major currencies, with political uncertainties linked to German monetary union still weighing heavily on the West German unit. "The mark will remain under pressure until the bickering about the treaty for German money
        Reuter  -  610 words
      • Article, Illustration
        Lock icon For financial reasons, take time out from work
        843 25 NYT MANY business and professional people pursue their work so single-mindedly that they have no time to deal with personal finances. Soon they have the financial equivalent of a neglected garden in fertile soil; weeds or debts threaten to take over. Two-income
        NYT  -  843 words
      • DON'T QUOTE ME!
        • Article
          Singing all the way to the bank
          128 26 LOCAL REMISIER Michael Lim Chuan Seng, elated by the rebound in the stock market, is hoping to laugh all the way to the bank with this song sung to the tune of "I Believe": I believe that whenever everyone sells all their stock
          128 words
        • Article
          Going for beans
          36 26 AN Indonesian stockbroker selling the virtues of the Jakarta stock market, said: "With 10,000 rupiah ($5.50), you may get only a cup of coffee in Tokyo, but here you get one promising share."
          36 words
        • Article
          Royalty losing currency?
          101 26 NOT everybody in Canberra is shouting "God Save the Queen" when it comes to the question of whether she should adorn a new plastic five-dollar note. The strongest protest comes from, ironically, women's groups who favour portraits of pioneer woman Caroline Chisholm and Joseph Banks, a botanist
          101 words
        • Article
          Going Dutch would be better
          51 26 CORNELIS van der Klugt, president of NV Philips, who was forced to resign from the Dutch electronics firm last week, is fighting back. He was quoted by Newsweek magazine as saying- "I am not going to be a scapegoat for the company's unexpectedly poor first-quarter
          51 words
      • Article, Illustration
        Lock icon It has only just begun
        772 26 The Jakarta stock market is one of the fastest growing in the world and growth is far from saturation point Reuter COMPANIES are queueing up to list, the government is pledging further market reforms, the number of brokers is soaring and money is pouring in.
        Reuter  -  772 words
      • Article
        Warrants: premiums and gearing
        636 26 PllCM(Mlt 25.5.90) Conversion term* PremiunV (discount) Expiry .M using Amount wpuonai Company ieeued Wrts Share Lnetk Lnetk 1 BR Gearing Date Mtha Conv Exer Cash 1 Ln stk* m units) liMnMt left ratio price value H CACWt CKTang 37.5 16.9 1.870 1.820 4.180 4.280 1.00 1.00
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      • Article
        The bull hasn't run out of steam
        144 26  -  CHART By Cresvale Far East The technical performance of the Singapore market was strong, gauging from most major technical indicators. The Relative Strength Index has reversed the downtrend and has not reached the overbought region, implying that the index should have sufficient strength
        144 words
      • Article, Illustration
        Lock icon Straits Times Industrials Index
        6 26 Source: Cresvale
        Source: Cresvale  -  6 words
      • Article, Illustration
        A fundamentally strong flotation
        781 26  -  STOCK By William Chia SHIPPING STOCKS are undeniably undergoing a revival with the strengthening shipping industry, which makes Pacific Carriers Ltd's listing a timely move. It would add another main-board stock for shipping enthusiasts to choose from. The others are Hai Sun Hup, NOL, IMC and
        781 words
      • Article
        The HK bourse is underrated
        369 26  -  By Duncan Mount Duncan Mount is managing director of CEF Investment Management Ltd in Hongkong. THE SUDDEN rally in Hongkong shares last week confirms our long-standing belief that the Hongkong market has been overly pessimistic about its own prospects since June 4 last year. While
        369 words
    • THE TRAVEL PAGE
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        991 27 Ctty FHgtrt ETA Flight ETD Ab« OhaM GA976 0010 AMaMt SQ226 2035 Qf81 2105 AantanUm SQ23 1350 KL838 2115 KL837 1430 SQ24 2200 M*m% QF16 1820 Auckland TE25 1610 TE28 1730 SQ338 1925 BA12 2200 Battnim QF10 1845 QF5 2230 Baaiar Sari BI421 TlOO SQ182 0915
        991 words
      • Article, Illustration
        Creating an Underground garden
        537 27  -  LETTER FROM LONDON By Sheila Rule JUST when riders of the East London line had resigned themselves to the pungent sweat-and-crush endurance test of subway travel, their noses sniffed roses. "Usually when you get on a train, you smell something like yuk," said Peter Roach, travelling
        537 words
      • Article
        MONEY CHANGER RATES
        152 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4110 1.430 Canadian dollar 1.542 1.562 NZ dollar 1.048 1.088 Sterling pound 3.110 3.140 US dollar 1.8450 1.8550 Local dollars to 100 units of foreign currency Austrian schilling 15.40 16.40
        152 words
      • Article
        WORLD TRADE EXHIBITIONS
        91 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser i Jun 4-8 International Yogoslavia Gospodareko 61/311.022 Jun 10-13 International France Comite Des (33)1/*****000 Fair of Razstavisce Exhibition of Expositions De Woodworking (Ljubljana Wallpapers Pans Machines, Fair) Furnishing Devices and Textiles Materials Jun 10-17 Poznan Poland Fotrr Internal*
        91 words
    • TIME OFF
      • Article
        THEATRE
        211 28 Singapore Symphony Orchestra This concert, conducted by Choo Hoey, features soloist Gyorgy Snador. Highlights include Bartok's Piano concerto N0.2 and Brahms Symphony N0.4 in E minor op 98. Venue: Victoria Concert Hall. Time: 8.15 pm. Tickets at $4, $7. $10 and $15. Only today Singapore Festival of Arts The
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      • Article, Illustration
        EXHIBITIONS
        273 28  -  ompiled hy K Jayanti Squeezing the Tubes Works by Richard Hickman who has exhibited his paintings in England, France and Australia and has held three solo exhibitions. The paintings in this exhibition have been produced in Singapore during the past 18 months and reflect his response to the Asian/Tropical
        273 words
    • Article, Illustration
      CINEMA
      400 28 Ghosts Can't Do It. Pseudocomedy about the oversexed ghost of a 70-year-old who'll do anything to jump into bed with his sexy young wife, including possessing the body of a young man. Bo Derek, Anthony Quinn and Donald Trump star in this supernatural nonsense. Prince 2; 11; I.30; 4;
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  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      62 18 DOONESBURY JQANIZ, FOR MJHArm? WORTH, ~1 I FOUND TH/S PAD IN W* TT MASN7 A BAP ENDING. ANPi [P ANPfSHANP. fT LOCKS HMM...HG MAS mATIVUy Fftt OFmiN, WHAT IS UKE HE SCRIBBLE? MATS 'BRJANULSON HJSTHME ANP HE H&D ON TO HIS FACUL~ FT.MUJS SOMETHING IN TT fT IS GOD' GOTTEN
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      194 22 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot. ■k* ft Spitv S/ethuan dishes served at lunch and dinner dailv in thr cool, inviting aim»»sphere of S/echuan Court. Krsei \ation, :*3O 8310 or 338 8385 exi Iti 153/6 t»M|
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      Page 22 Advertisements Column 2
      334 22 THE INDIANA UNIVERSITY SCHOOL OF MUSIC 1990 GOODWILL CONCERT TOUR Monday, 4 June 1990 Tuesday, 5 June 1990 Dinner and concert: S7snctt per person Concert: J iOnett per person Crystal Ballroom. Hyatt Regency Singapore Cocktails: 7.04) pm Dinner 7 30 pm Concert: 900 pm famous operatic arias Beloved Bnwthvay hits
      334 words
    • Advertisement
      Page 22 Advertisements Column 3
      267 22 rE —a-, ««OOOTHGirK BCTi Sal Sun I Lunch leisurely on a feast of I Cantonese-Thai specialities and desserts this weekend. At the Seafood Theatre Restaurant. Adult: $16.30 EsggHhi! J Brarh Kcwul Sin&iporr 0719 Tel 29tt»HI ROSE GARDEN SICHUAN RESTAURANT Level 5. Golden Landmark IkHtl 390 Victoria Street, Singapore The Art
      267 words
    • Advertisement
      Page 22 Advertisements Column 4
      339 22 '< I I i i > At noon, Italian gourmet cuisine takes centrestage. Salmone 'Bella Vista' and 60 other authentic favourites. All skilfully prepared and f dressed to perfection. j For lunch today, break for an Italian interlude. Italian Buffet Lunch May 1 31, Noon 2.30pm < 5 Adult: $36++,
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      Page 23 Advertisements Column 1
      282 23 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY BRUNCH: 11AM TO 2.JOPM. adults JPy $31.00+ CHILDREN Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and children. A.®. enlun Park Sheraton Singapore 16 NASSIM
      282 words
    • Advertisement
      Page 23 Advertisements Column 2
      286 23 VW\ 11/ A Restaurant and 1 IVv/1 IVjr\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Experience A Romantic Candlelight Dinner With A Breathtaking Night-View Of The S'pore Harbour A la carte/Set Lunch/Set dinner Available Restaurant Hours c Karaoke Hours Mondays to Saturdays nailv 1130 am to 130pm lo 2 00am
      286 words
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      Page 24 Advertisements Column 1
      493 24 Well established international group with major timber resources in the region invites applications to fill the following vacancy in their Papua New Guinea timber subsidiary. ACCOUNTANT I PAPUA NEW GUINEA I The successful applicant will be responsible for producing financial and management accounts, budgets, strategic planning, operational and systems controls.
      493 words
    • Advertisement
      Page 24 Advertisements Column 2
      238 24 DHL IN THE NEWS Advertisement IOT/MlcnC Ol IDDADT DHL was also the proud recipient of the CUoTUMLKo oUrrUn I first-ever National IT Award 1990. presented by the National Computer Board. DHL emerged winner DRIVE DHL TO WIN in the Private Sector from a total of 84 nominations received. DHL was
      238 words
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      Page 25 Advertisements Column 1
      66 25 SINGAPORE FINANCE I presents the Latest Rate! I s r I |F||TV 11 I J •T^^B V For more information on our I attractive rates, call LISA at 222 8844/222 5544. I Similar rates are also available at I all Hong Leong Finance branches. I /jß%\ SINGAPORE FINANCE LTD I
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      39 27 Ihe hu.no, person ocr, luoln. T I 1 T IhurMljv.Sjturdav anilsumb\.!ijxinu( hjngi II• 4 J a \irport hour* and .irrn jt I j -lurilij or V».irk lntcrnjtion.il \irport* the A Hi; I i n < Fi:i; s n Ai AirOsnsds
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    • Advertisement
      Page 27 Advertisements Column 2
      100 27 r It could be a controversial deal 1 between two stock market stars, a thought-provoking report by university 7; '__V researchers on the latest trans-European )T)t\ FOCUS zooms in on the news and -i. v K y issues of the day and looks at them in more depth and breadth.
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      260 27 1 Stop quickly for some food Photograph night a wild guess (4,2,3,4) 11 Wordy exchange from a disorderly person (S) 10 12 Spritely number in fine dis- pj— Spots maze complex H 17 Recommend about five new ideas (6) Hjjj HHHffa I 19 Lieutenant includes song 19 j 20 Brutal-sounding
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    • Miscellaneous
      Page 27 Miscellaneous Column 2
      209 27 Singapore Outlook: Showers over few areas in the early morning. Report: Max temp 34.3T Assoc humidity 61% Min temp 26.0"C Assoc humidity 84% Hrs of sunshine 9.10 Rainfall in mm Trace Rainfall this mth 175.0 Rainy days this mth 9 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 18/12 Windy Bangkok 34/26
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    • Miscellaneous
      Page 27 Miscellaneous Column 3
      16 27 ONUV U>C COULD U Scene f\ jonde. understand tmc vtn Rfoco. friends... jjr iSLxJ H= ,(p&&
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      1589 28 Today s TV Academy (See HHUiMtilflHHi agM^^ Agricultural Programme Saracen, Bpm, SBC X Body An empty the monds are snatched from his mould of Police Academy, couriers, Saracen's big boss JJI JJrJ** c lirv j va i About the farcical situations begins to suspect his agents jHf 3 of the
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      Page 28 Miscellaneous Column 2
      751 28 MOVIES ON TV Double Trouble, Woo, 8.30pm, Cleery star in this 1982 film TV2 which is a bitter criticism of Bud Spenser and Terence hierarchy, command and Hill create more slapstick of submission. the punch-up kind when they play two sets of twins. Expect The Brotherhood of the Rose, the
      751 words