The Business Times, 11 May 1991

Microfilm: NL17494
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MCI (F) 16/12/90 Weekend Edition. May 11-12 1991 75 4
    12 words
  • NEWS & MARKETS SUMMARY
    • Article
      Continental and Pirelli holding talks on tie-up
      63 1 TYREMAKING giant Continental of Germany yesterday said it had agreed to hold round table talks on the possibility of cooperation with Pirelli of Italy, as Continental's board chairman, hostile to such a move, stepped down. Continental also announced that the chairman of the
      63 words
    • Article
      Dow lower
      42 1 AFTER a mild early rise, US blue chips yesterday posted losses in mid-morning trading as investors took profits on the market's recent advance. The Dow slipped about two to 2969 in early trading. Gainers held a narrow lead over losers.
      42 words
    • Article
      Footsie down
      39 1 SHARES were lower at midday yesterday, undermined by weakness in the stock index futures market and low volume. At about 1115 GMT, the FTSE 100-share index was down 13.7 points. Volume was a light 252.3 million shares.
      39 words
    • Article
      Asian computers
      28 1 ASIAN manufacturers, eager to get on the bandwagon of success in the regional microcomputer market, are aggressively peddling computers that carry their brand names Page 2
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    • Article
      Malaysian merger
      23 1 RASA SAYANG Beach Hotels (Penang), a subsidiary of Perlis Plantations, is seeking to merge with Landmark Bhd's ÜBN Holdings Page 3
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    • Article
      BOJ to cut rate
      30 1 THE Bank of Japan is expected to cut its discount rate late this month, ending nearly two years of a steadily tighter monetary policy Page 6
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    • Article
      UMNO faces test
      20 1 MALAYSIA'S UMNO faces a crucial test today in its first foray into Sabah state politics Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 735.91 +2.84 Kuala Lumpur ....587.38 +2.42 Tokyo 26,274.29 -164.21 Hongkong 3,750.20 +5.74 Sydney 1,548.3 +2.6 Thursday Change New York 2,971.15 +40.25 London 2,541.8 +18.4
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    • Article
      CURRENCIES
      22 1 USS SS 1.7660 100 Yen SS 1.2742 MS SS 0.6401 Money market rates Overnight 4 15/16% 5/16 3-month 5 1/8% 1/16
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    • Article
      COMMODITIES
      38 1 London Gold AM fix US$356.30 -USS0.55 Rubber S pore June 145 50*/kg +0.50 M'sia June 225.00*/kg unch KL Tin Turnover 80 tonnes +20 Spot MS 15.30/kg -05 Crude palm oil Turnover 775 lots -578 May MS799/tonne +2
      38 words
  • Article, Illustration
    S'pore's productivity level highest among NIEs
    476 1 But productivity growth low THE FINANCIAL and business services as well as transport and communications are Singapore's two most competitive sectors, at least in terms of productivity performance. In both productivity level and growth, Singapore leads the other Asian newly-indus-trialising economies and most industrialised
    476 words
  • Article
    HK lifts ban on satellite dishes for homes
    298 1  -  From Catherine Ong in HONGKONG HONGKONG yesterday lifted a long-standing ban on households receiving satellite broadcasts when it gave the go-ahead for rooftop dishes to be installed for residents. The latest move will allow residents, depending on the size and elevation of
    298 words
  • Article
    Lock icon US business leaders take dim view of economy's outlook
    329 1 Agencies TOP US business leaders hope the economic slump will end soon but they are generally pessimistic about the economy's growth potential once the recovery begins. Speaking before the release of April figures which showed US inflation at the wholesale level
    Agencies  -  329 words
  • Article
    Control, capital structures emerge as main issues
    495 1  -  Hearing on architects, engineers and surveyors bills By Elaine Koh CONTROL and capital structures as well as professional indemnity were the main issues in the Select Committee hearing yesterday for the three Bills which open the doors to corporatisation and multi-disciplinary practices for
    495 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      188 1 Nikon Ttw WKfd'sFinMt Photographic Syit»m. COVER IHPgHoPINIONS PURSUITS PURSUITS FINANCE JOBS Gettine No more golf Film review: Soft, inviting "rrlffiMfiifc lhc ma f k et's How secure r '"f idF W JK-'B courses, please! Silence of The d pressed I *WKSiWT mOSt vola^ T e 0 S a OUT act
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      Page 1 Advertisements Column 2
      7 1 Scheme soon to fight job-hopping, Pr 2
      7 words
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      Page 1 Advertisements Column 3
      267 1 Nikon Th« Wbrid'sFinMt Photographic System. V Time less values. The movement of a watch is dust, dirt and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a totally secure protection tor the highest mountains, dived to centuries craftsmen have striven the precision Oyster movement. the depths
      267 words
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Human Resource group picks first vice-president
        62 2 THE PRESIDENT of the Singapore Institute of Personnel Management, Edward Tan, has been eleeted the first vicepresident of the just formed Council of the Asean Human Resource Management Federation (AHRMF). Comprising all the Asean countries, with the exception of Brunei, the AHRMF was formed
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      • Article
        Managers to check out Batam
        43 2 A GROUP of 45 professional project and construction managers will visit Batam over the weekend to investigate investment opportunities. The group will be led by staff from the National University of Singapore's School of Building and Estate Management.
        43 words
      • Article
        KL Defence Minister ends visit
        39 2 MALAYSIA'S Defence Minister, Datuk Seri Najib Tun Razak, ended his two-day visit with a round of golf with Dr Yeo Ning Hong, the Minister for Communications and Second Minister for Defence (Policy) yesterday morning.
        39 words
      • Article
        Correction and clarification
        70 2 IN YESTERDAY'S BT report, CMB Packaging to bank on low cost, innovation, we mentioned that CMB Packaging has a worldwide market share of 24.4 per cent. This is incorrect. The figure represents the 1989 turnover of the company in billion French francs. The same goes for ANC
        70 words
    • Article
      17 S'pore firms to seek opportunities in Kuwait
      150 2 LED BY the Trade Development Board, about 17 local firms will head for Bahrain in November to attend an international exhibition on the reconstruction of Kuwait. The Reßuild Kuwait 91 exhibition will be held from Nov 2 to 7 at the Bahrain
      150 words
    • Article
      Microcomputer industry thriving in Asia
      432 2  -  Annual regional growth rate of 20-30 pc well above global rate By Claire Leow ASIAN manufacturers, not content with being original equipment manufacturers for multinational firms, are aggressively peddling computers that carry their brand names. They are eager to get on the bandwagon of success
      432 words
    • Article
      S'pore engineering consultant may tie up with US firm in expansion plan
      233 2 HOMEGROWN engineering consultant MEI Project Engineers Pte Ltd may team up with an American engineering firm to gain access to the United States market as part of its plan to globalise its operations. MEI has set its sights
      233 words
    • Article
      Scheme soon to fight job-hopping
      215 2 National Productivity Board survey A NATIONAL work induction programme will be launched soon to tackle the problem of high labour turnover, one of the key areas of focus for the National Productivity Board in the *****. The 1990 productivity survey found that 31,400 workers, or
      215 words
    • Article
      S'pore and Japanese SMEs move closer
      181 2 SMALL and medium enterprises (SMEs) in Singapore have made further headway in economic co-operation with their Japanese counterparts. Last month, a second business co-operation agreement was signed, this time in Suwa City in central Japan. Mr Foo Meng Tong, director of the Economic Development
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      514 2 Vessel Voy No Berth Arrival Depart™ Vessel Voy No Berth Arrival Departive KeppeJ Wharves AcNIle Laur 1/91 (P) Cora Pcess 026 (P) Xianghai 05-03 C Express 05B/91 Frota S pore 30EB Ivory Bay 2 Muoram 5iH C09 K29 K32 C10 K31 R30 K33 alongside alongside alongside 10.05/1230
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    • Article
      CONTAINER SCHEDULE
      1453 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Aka Bhum 489N 12/0645 1 10/1500 10/1659 10/1900 3 11/0700 11/1159 11/1400 As Pullui 181 12/1300 1 10/1500 10/1659 10/1900 3 11/0700 11/1159 11/1400 4 11/1200 11/1459 11/1700 B
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Rasa Sayang and uBN tie up
      452 3  -  Perlis Plantations' unit to seek KLSE relisting By Alvin Tay RASA Sayang Beach Hotels (Penang), a subsidiary of Mr Robert Kuok's Malaysian flagship Perlis Plantations, is merging with Landmarks Bhd's ÜBN Holdings in a Mss3l million (Ss34o million) deal, which will also see the
      452 words
    • Article, Illustration
      Lock icon Singapore's reserves now a visible force
      760 3 The GIC-Brierley deal IHT SINGAPORE'S vast cash reserves have become an increasingly important and visible force in regional and global investment, analysts say. The Singapore government. by announcing a surprising corporate foray abroad by two of its agencies, has signaled that it is intent
      IHT  -  760 words
    • Article
      Warrants: premiums and gearing
      755 3 Prices (as at 11.05.9lj Conversion terms Premium/ Expiry (discount) Amount Optional** using issued Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cash. Loan Gearing Date Mths units) stock ratio price nom 1 stk 2 Left Dl c&c wt 37.5 100 3.09 1 212 26/04/93 23
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    • Article
      S'pore may get bigger say Down Under
      285 3  -  From Geoffrey Harris in MELBOURNE THE SIGNIFICANCE of the Singapore government's purchase (through the Government of Singapore Investment Corporation and Temasek Holdings) of a stake in New Zealand's Brierley Investments Ltd is slowly becoming clear Down Under. Brierley, which effectively controls Air New
      285 words
    • Article
      Lock icon MUM keen on hotel in US or Canada
      318 3 Bernama INVESTMENT HOLDING company Malayan United Manufacturing Bhd (MUM), a member of the Malayan United Industries group, is on a lookout for a hotel in Canada or the US to replace the Ming Court Vancouver, which it has sold to Mainami Beoki
      Bernama  -  318 words
    • COMPANY BRIEFS
      • Article
        Carmichael quits Goodwood committee
        79 3 MR R N li Carmichael, who was recently appointed to Goodwood Park Hotel's board as an audit committee member, has tendered his resignation. He said he now finds that he has personal commitments in the United Kingdom, which will preclude his attending most of the meetings
        79 words
      • Article
        Antah-Burgmann venture
        52 3 ANTAH Holdings will join Germany's Burgmann group to start a mechanical seal manufacturing plant in Malaysia. Burgmann, one of Germany's largest seal-makers, will hold a 60 per cent stake in the joint venture, while Antah will take a 30 per cent interest. Burgmann (Malaysia) will be capitalised at
        52 words
      • Article
        Buying into Pac Can
        49 3 PACIFIC Can Investment Holdings' substantial shareholder, Mr Low Hua Kin, has raised his deemed interest in the group to 15 per cent through the purchase yesterday of 794.000 PacCan shares for $817,820 by Kumagai Investments. Kumagai now has a 10.65 per cent stake in PacCan.
        49 words
      • Article
        ANA Hotel's new director
        21 3 ANA Hotels Singapore has appointed Mr Shigeya Goto as an additional director with effect from May 8.
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      • Article
        Pilecon ups stake in Causeway
        64 3 PILECON Engineering has raised its stake in Causeway Investment to 12 per cent through the purchase of 19,000 shares for 5i6.785.19 on May 6. In a separate statement, Causeway's substantial shareholder, Mr Sia Leng Yuen, said he bought 5.41 million shares in the group for
        64 words
      • Article
        AE Tech raises paid-up capital
        27 3 AMTEK Engineering's wholly-owned subsidiary, AE Technology, has raised its paid-up capital to Ms 3 million (SSI.9 million) from M 52.5 million previously.
        27 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      186 3 rrir r r-H monthly MAY 1991 f" FROM 8,000 MILES AWAY COMES A CHEF WHO'LL IMMEDIATELY MAKE YOU FEEL AT HOME. M CLASSICALLY CALIFORNIAN CUISINE Exciting cuisine. Distinctive flavours. Spiced by the influences of a melting pot of cultures. That's Classically Californian Cuisine. And vou can savour this tantalising experience
      186 words
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  • REGIONAL / INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Three Japanese firms fined for rigging prices
        71 4 JAPAN'S Fair Trade Commission (FTC) yesterday said it had fined three firms a total of 275.5 million yen ($3.52 million) for rigging priees on projeets to install telecommunication systems at US bases in Japan. The FTC, the government's price watch-dog, named the firms
        71 words
      • Article
        Honeywell has room to grow
        76 4 HONEYWELL Inc chairman James Renier said that while the company's long-term restructuring was over and no further major acquisitions were planned, there was room for substantial growth in related areas. "There arc more opportunities to invest than we can afford at any one time," Mr
        76 words
      • Article
        Citibank sells its building share
        68 4 CITIBANK NA, a subsidiary of Citicorp, said it has sold its part of Hongkong's Citicorp Centre for HK5757.4 million (S$ 171.17 million) to an unknown buyer. Citibank's part of the property comprised the upper 19 floors and 48 parking spaces. The existing sub-lease contracts for
        68 words
      • Article
        NBH Peko's gold assay results
        75 4 NORTH Broken Hill Peko Ltd reported significant gold assay results from two new diamond drill holes at the Kanowna Belle gold project in Western Australia. NBH Peko owns half of Kanowna with Delta Gold. It said the drill holes were outside an area which has
        75 words
      • Article
        Better Sears results expected
        56 4 SEARS, Roebuck and Co chairman Edward Brennan said he expects results in 1991 to improve. "1991 will be a year of improved performance," he said in remarks prepared for delivery before the annual shareholders meeting here. "We are keenly aware that our recent performance has fallen
        56 words
      • Article
        Joint venture wins NZ deal
        66 4 A FLETCHER Challenge Ltd Dutch joint venture has won a NZ$53 million (Sss3 million) contract to deepen the tailrace downstream of the Clyde Dam hydro electricity project in the South Island, Electricity Corp of New Zealand Ltd said. The contract was awarded to a 50-50
        66 words
      • Article
        US-Japan multi-cinema deal
        115 4 MEDIA and entertainment giant Time Warner Inc and a Japanese supermarket chain said on Thursday they will join in building and operating Japan's first multiple-theatre complexes at 30 suburban shopping malls. Nichii Co, Japan's fifth-largest supermarket chain, hopes to attract more customers to its stores by building
        115 words
    • Article
      Lock icon Seoul acts to streamline its conglomerates
      405 4 Approval given to 57 firms to operate as their main business lines Reuter SOUTH KOREA has given approval to 57 companies to operate as the main business lines in 30 conglomerates, or chaebol. This is the first stage of Seoul's plan to boost international
      Reuter  -  405 words
    • Article, Illustration
      Lock icon Tough times will depress Hilton's 1991 income
      333 4 Reuter CONTINUED near-term difficulties in the lodging industry will make it difficult for Hilton Hotels Corp to exceed the 1990 net income of U*****.5 million (S$ 198 million) or $2.34 a share, Hilton chairman Barron Hilton said. "Our business typically lags the economy
      Reuter  -  333 words
    • Article
      Lock icon CNBC wins bid for cable TV rival, FNN
      400 4 AP A FEDERAL bankruptcy court judge selected the National Broadcasting Co's Consumer News and Business Channel Thursday as the winner of a bidding contest for its cable TV rival. Financial News Network. Judge Francis G Conrad of the US Bankruptcy Court chose
      AP  -  400 words
    • Article
      Indonesian milk firms said to be breaking marketing rules
      191 4 AN ACTIVIST of the Indonesian Consumers Agency (YLKI) says that some major manufacturers of breastmilk substitutes have broken the rules for marketing baby formulas, despite their insistence that they abide by them, the Jakarta Post reported on Wednesday. In a discussion
      191 words
    • Article
      Lock icon Two Chinese firms in Indon soda ash venture
      278 4 AP TWO Chinese firms have won a US$45 million (5579.5 million) turnkey contract from an Indonesian company, P T Kaltim Sahidtigamas Sodakimia, to set up the country's first soda ash factory in East Kalimantan Two Chinese companies, China's National Technical Import-Export Corporation
      AP  -  278 words
    • Article
      Lock icon BP says results may be worse in second quartet
      372 4 Reuter BRITISH Petroleum Co pic said its performance might decline in the second quarter, after deputy chairman Mr David Simon had said at a news briefing the first quarter was "very satisfactory". "So far the second quarter ain't like the first,"
      Reuter  -  372 words
    • Article
      Lock icon Marks & Spencer unlikely to improve on profits
      304 4 Marks Spencer unlikely to improve on profits Reuter BRITAIN'S flagship retailer Marks and Spencer pic is likely to show that it was unable to avoid the downturn in High Street spending when it reveals full year results on Tuesday. Analysts in London say they expect the group to announce pre-tax
      Reuter  -  304 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      256 4 4 Cuts Of U.S. Grain-fed Chilled Beef lb *«s 1 I s W\ < Jg|p^?* 11 m Vacuum-sealed Air-flown Hand Selected Premium Quality Beef Deservingly Branded GOLD LABEL TENDERLOIN STEAK BUFFALO BILL U.S. RIBEYE Our Pan O'Gold, the tenderest From the eye of the rib, of all steaks. favoured by
      256 words
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      Page 4 Advertisements Column 2
      82 4 i— FOR SALE IN SYDNEY, AUSTRALIA Plastic Homeware Products Distributing Company. Established for 25 years, having it's own homeware product lines with established Australia wide distribution exports to Singapore. Long lease on building. Own trade marks. Well known established repeat clients. Owner wants to retire, but will manage/run Company for
      82 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      516 5 I To predict your financial future, I I it pays to read our past. I I What does your prosperity I I line look like? If your fingers have I I been burnt by the stock market, or I I you've been disappointed with the I 1 I I hand-outs
      516 words
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  • FINANCIAL NEWS
    • Article
      Lock icon BO J expected to cut discount rate late this month
      409 6 Reuter THE Bank of Japan looks set to cut its discount rate late this month, ending nearly two years of a steadily tighter monetary policy, central bank watchers said in Tokyo yesterday. Both domestic and international threats to Japanese inflation
      Reuter  -  409 words
    • Article
      Lock icon HK bourse reviewing policy on covered warrants issues
      305 6 Reuter HONGKONG'S stock exchange is reviewing its requirements for covered warrants issues after a sudden spate of them in recent months, exchange officials said in the British colony. Mark Hanson, deputy chief executive of the exchange, said the recent issues raised a
      Reuter  -  305 words
    • Article, Illustration
      Another volatile week for greenback
      448 6 DBS Bank weekly currency review US$/DM: Potential bear divergences seen IT WAS a volatile week again for the US dollar as it recovered from last week's low of 1.6840 marks to break the resistance of 1.7300. After reaching a high of 1.7540 last Friday, the
      448 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      191 6 I Test yxir maiketing IQ I Q: What do you see in the rectangle above? A: Empty space. An opportunity. CHECK YOUR ANSWER: If the second option is your choice, you are the kind we want in our Marketing Division in Singapore Press Holdings. We need managers and executives in
      191 words
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  • THE REGION/THE WORLD
    • Article
      Umno faces crucial test in Usukan by-election
      631 7  -  Victory would mean a vital first step in recapturing Sabah By David Chew PRIME Minister Mahathir Mohamad's United Malays National Organisation (Umno) faces an important test today in its first foray into Sabah state politics. In a crucial by-election in Usukan, the leader
      631 words
    • Article
      Lock icon Americans will soon find it cheaper to phone overseas
      328 7 FT A PACKAGE of measures designed to halve the priee of US international telephone ealls was unveiled by communieations authorities in Washington yesterday, in a move which would save the country's consumers about US$3.5 billion (556.2 billion) a year. The action
      FT  -  328 words
    • COMPANY BRIEFS
      • Article
        Moscow to formally ask G-7 for massive aid
        101 7 THE SOVIET UNION will formally ask for massive Western help to bail out its economy when the leaders of the Group of Seven nations meet in London in July. "If we don't get Western help, we won't be able to pull through,"
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      • Article
        US raps Japan's import rules
        56 7 THE US government said in a report submitted to the Japan Fair Trade Commission that the JFTC's import distribution draft guidelines discriminate against foreign companies. While the US endorsed a second set of JFTC draft guidelines on Japan's distribution system, it said punitive measures for
        56 words
      • Article
        US-Japan works contracts row
        56 7 THE US and Japan have agreed on most issues in their dispute over public works contracts, but remain undecided on how many major Japanese projects to target for extra US participation. A final round of talks is scheduled in Tokyo, immediately before or after related trade
        56 words
      • Article
        Japanese car imports dip
        85 7 FOREIGN carmakers are seeing their sales sliding in Japan, with their tiny foothold in the world's secondbiggest car market after the United States getting smaller and smaller. Last month, the combined market share of the 15-odd European automakers selling their vehicles in Japan was 2.8 per
        85 words
    • Article
      Lock icon S Korean investments in Malaysia set to soar
      261 7 MBT SOUTH KOREAN investments in Malaysia, a modest US$5O million (SsBB million) last year, is expected to jump 12-fold to US$6OO million in the next two years. South Korean embassy First Secretary, Mr Lee Joon Gyu, said many South Korean companies, particularly
      MBT  -  261 words
    • Article
      Sea link between Phnom Penh and Bangkok reopens
      266 7 THE Orient Express cargo vessel steamed up the Mekong River into Phnom Penh harbour Thursday as the first sea link between the Cambodian capital and Bangkok in at least 16 years. Witnesses saw the Thaiflagged ship churning past the luxury Cambodiana Hotel
      266 words
    • Article
      Lock icon HK worried about threat to free trade
      253 7 AFP HONGKONG shares Australia's concern about the threat to international trade if the Uruguay Round of Gatt talks fail, the governor of the colony, Sir David Wilson, said in Melbourne yesterday. "What needs to be done is to focus the minds of the
      AFP  -  253 words
    • Article
      US retail sales post soft gains for April
      415 7 RETAIL BUSINESS picked up slightly around the US last month, but the gains hardly signalled a new surge of consumer buying, according to reports issued on Thursday by leading retailers. Most retail chains reported flat or lower sales at their stores opened
      415 words
    • Article, Illustration
      Finger lickin' good
      36 7 Minine, believed to be the world's oldest captive spider monkey, celebrated her 46th birthday with a banana cake at Sydney's Taronga Zoo yesterday. The normal life expectancy of the spider monkey is 20.
      36 words
    • Article
      Lock icon Canadian housing jump may mean recession ending soon
      315 7 Reuter IN THE clearest sign yet that Canada's year-long recession may soon be over, reports released on Thursday showed a rebound in both the housing market and business confidence. "They are consistent with the idea that recession is ending and recover) is
      Reuter  -  315 words
    • Article
      Lock icon China says it will not bow to US pressure on special trade status
      309 7 AP CFHNA said on Thursday that it is prepared to lose its most-favoured-nation trade status with the United States and will not bow to pressure on trade, human rights and weapons proliferation. But on the same day,
      AP  -  309 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market closes mixed in featureless trading
      4808 8  -  By William Chia SHARE PRICES on the Singapore stockmarket closed mixed in dull and featureless trading yesterday as the market alternated between bargain hunting and profit-taking. The Straits Times Industrials Index closed 6.58 points higher at 1,532.32, helped by gains in some index stocks,
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4193 9 Main Board Spore Land 655 +25 4 0% SIA Foreign 1850 20 +1.1% Metro Hldgs 640 20 3.2% FELS 50« 700 +15 +2.2% Prima 585 +15 +2.6% ANA Hotels 269 +14 5.5% SIA 1300 10 (-0.8% SIA 200 1300 +10 0.8% SPH Foreign 1280 +10
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Afternoon profit-taking erodes early gains
      4129 10 Bernama SHARE PRICES in Kuala Lumpur ended mixed yesterday as the morning's gains, fuelled by the overnight surge on Wall Street, were eroded by profit-taking in the afternoon. The KLSE Composite Index added 2.42 points to 587.38 but the Industrial Index slipped 0.85 of a
      Bernama  -  4,129 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      72 10 1111 l iHii < I AFICUKE I I 1$ WORM A 1 1 THOUSAND 1 WORDS, ft More so if you are selling your bungalow or semi-detached house. Show it in The Straits Times Classified "PRIME PROPERTY" special feature I on Ist June 1991. ©wo To reach your target buyers
      72 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks finish easier as investors hold back
      2235 11 Reuter UPI TOKYO stocks closed easier in light, programdominated trade, with the key Nikkei Average falling much further than the overall market. The lack of fresh factors kept most investors sidelined, waiting for solid buy signals but also not worried about the market
      Reuter; UPI  -  2,235 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Eleventh-hour selling trims morning's gains
      2006 11 Reuter HONGKONG stocks ended barely firmer yesterday as late selling trimmed earlier gains made on the back New York's 40.25-point jump on Thursday. The blue-chip Hang Seng Index ended midday at an intraday high of 3,768.90 points but drifted steadily lower in afternoon trade to
      Reuter  -  2,006 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      30 11 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Telerate Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in BT.
      30 words
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  • REGIONAL STOCK MARKETS
    • Stagging in 4 stocks sparks fall in Bangkok
      • Article
        AUSTRALIA
        769 12 AUSTRALIAN shares closed higher yesterday after a day of seesaw trade underpinned by off-shore buying and local profit-taking. "It's been a typical Friday," Melbourne broker Bill Richmond said. Other brokers said the overnight surge on London and New York markets had boosted off-shore confidence in the local bourse, which
        769 words
      • Article
        BANGKOK
        871 12 'IN BANGKOK, four highly-priced new issues came to the market and heavy ,sales of their stocks prompted selling among other counters. The SET Index 'finished 8.11 points lower at 845.88 on turnover of 4.09 billion baht. Krisda Mahanakorn, a real estate Company, Eastern Wire, a producer of "construction wire,
        871 words
      • Article
        MANILA
        519 12 PHILIPPINE shares closed lower yesterday on cautious profit-taking after a three-day advance. Manila's Composite Index ended at 1,117.44 points after shedding 1.06 from Thursday. Combined turnover on Manila's two bourses was slashed to 241 million shares worth 155.3 million pesos from Thursday's 591.3 million shares worth 239.3 million pesos.
        519 words
      • Article
        JAKARTA
        651 12 JAKARTA stock prices closed slightly firmer in thin trading yesterday. Brokers said newspapers reports earlier this week on private banks' plan to cut inter- est rates up to three percentage points attracted some local buying interests. The official index rose 1.02 points to 407.67. Trade volume was a thin
        651 words
      • Article
        SEOUL
        783 12 SEOUL stocks yesterday remained in the doldrums in the lowest trading volume this year as investors were still worried about popular protests and political uncertainty. The Composite Index ended the day at 629.83, down 4.89 points from the previous session. Yesterday's trade volume hit the lowest this year with
        783 words
      • Article
        TAIPEI
        384 12 TAIWAN share prices finished mixed yesterday after wavering in a narrow range. Investor sentiment cooled after Thursday's big gains. The index ended 3.33 points lower at 6.301.89. Turnover was a strong NTSB2.S billion against NT576.9 billion on Thursday. The financial, cement and textile sectors fell but others rose. Dealers
        384 words
      • Article
        NEW ZEALAND
        129 12 NEW ZEALAND shares ended higher yesterday but earlier gains were eroded due to Australia's mediocre reaction to Wall Street's 40-point gain. Shares ended the morning about 17 points higher but Australia's single-digit early gain took the shine off trade to bring the Barclays Index to 1,573.74 points, up
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      • Article
        BOMBAY
        42 12 BOMBAY share prices drifted lower on Thursday, undermined by a 25 per cent surcharge imposed on import finance by the Reserve Bank of India. The Bombay Stock Exchange Index dropped 6.05 points to 1,260.29. The National Index lost 2.33 to 629.57.
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      • Article
        Untitled
        163 12 Wellington NZ Cents VotCOO) May 10 Air NZ 162 unch 89 ANZ Banking 525 5 5 Bank Of NZ 75 unch 1124 Baycorp 12 unch 500 Brieriy Inv 125 unch ***** Carter Holt 205 4 4972 Cavalier 187 +2 185 Ceramco 135 3 695 Cityrealties 35 5 550 Corp Inv
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      • Article
        INDICES & TURNOVER
        93 12 INDICES TURNOVER Close PrniiitM May 10 SYDNEY All Ordinaries Index 1.548.3 1.545.7 f2.6 All Industrials Index 2.W.4 2.3956 13.8 All Resources Index 891.2 895 9 -4.7 Turnover (million) 114.47 132.92 -1845 BANGKOK SKT Index 845.88 ***** -8.11 Turnover (million haht) 4.090 3.530 560 JAKARTA Composite Index 407.67 406.65 1.02 MANILA
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      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        366 12 In local currency In Si In LS$ da> S year S day S year day year Ma) OX Index change change change change change change World 412.6. -0.1 15.2 -0.3 12.6 -0.4 10.5 *F.AFE 543.9 -0.4 16.1 -0.5 10.5 -0.6 8.5 Europe 430.0 -0.6 18.0
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  • WORLD STOCK MARKETS
    • Late rally sends Wall Street up sharply
      • Article, Illustration
        NEW YORK
        1622 13 NEW YORK stocks came out of a slump late on Thursday and moved sharply higher. Traders attributed the upturn to Wall Street's relief that in spite of all the concern over the huge three-day Treasury refinancing, the sales came off well. The Dow, which climbed 30 points early
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      • Article, Illustration
        LONDON
        764 13 LONDON shares were lower at midday yesterday, undermined by weakness in the stock index futures market and low volume. One broker said the market "felt a bit tired" at the end of the second week of a longer-than-normal three-week tfading account. London's stock exchange divides trading into periods for
        764 words
      • Article
        AMSTERDAM
        243 13 DUTCH shares rode on to the day's highs around midday yesterday, spurred by Wall Street's rise on Thursday. Trade was slender reflecting a long weekend taken by most investors after Thursday's Ascension holiday. The CBS General Tendency Index stood 0.8 higher at 1200 GMT, 0.8 up on the day
        243 words
      • Article
        Untitled
        125 13 Brussels May 8 Francs FORWARD MARKET Acec 2430 70 Arbed 4280 15 Astur 1040 4 Brascan 566 -14. Canpac 614 8 Cock 163 unch De Beers 820 6 Ebes 1334 Gb-lnno-Bm 1356 f 6 Gevaert 7100 50 Cir Bru Lamb 3740 f 5 Hobok Petro ***** 75 Ryl Dutch 2950
        125 words
      • Article
        PARIS
        120 13 THE PARIS bourse was firm but came off its morning highs at midsession yesterday, and an early spurt in volume petered out to leave trade thin and largely featureless. The CAC-40 Index stood 10.23 points or 0.56 per cent higher at 1,840.41 at 1032 GMT after touching a high
        120 words
      • Article
        ZURICH
        254 13 SWISS shares yesterday opened almost one per cent higher as Wall Street's 40-point gain pushed prices higher from last Wednesday's close. Volume was light as many investors were absent taking an extended weekend after Thursday's holiday. The SMI Index of leading shares rose 11.6 points, or 0.74 per cent,
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      • Article
        JOHANNESBURG
        358 13 JOHANNESBURG stocks opened steady yesterday with slightly firmer bias but dealers expected no clear trend to emerge as attention remains focused on South African political developments. Dealers described trading as subdued following Thursday's Ascension Day holiday and anticipated little action ahead of the weekend. At 10:30 am, the JSE
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      • Article
        TORONTO
        277 13 TORONTO stocks on Thursday surged across the board late in the day, after taking a short pause from gains following the results of the US Treasury refunding, dealers said. The market disregarded lower-than-expected average price in the 30-year bond auction. The Composite Index ended up 22.51 at 3,504.52, with
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      • Article
        FRANKFURT
        186 13 GERMAN shares ended 0.8 per cent higher in fairly thin trading yesterday, boosted by gains in US shares on Thursday and speculation surrounding tyremaker Continental. The 30-share DAX Index ended 13.35 points higher at 1,620.63 after trading in a very narrow four-point range throughout the session. Many operators were
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      • Article
        MILAN
        182 13 IN MILAN yesterday, Pirelli rose strongly in early trade on the dismissal of Continental board chairman Horst Urban but it was not enough to shake the market out of its recent stupor. Pirelli rose 1.5 per cent to an official close at 1,701 and was gaining further in later
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      • Article
        STOCKHOLM
        102 13 IN STOCKHOLM, a scramble for Astra shares on a day when many participants were absent from the bourse led stocks slightly higher in early trading yesterday. The bourse's General Index was up 0.56 per cent to 1,032.60 in steady volume of 206 million crowns. The top-16 index rose 1.0
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      • Article
        INDICES & TURNOVER
        82 13 INDICES TURNOVER NEW YORK Close Pre>io»is May 9 Dow Jones NYSE Financial SAP 500 Turnover (million) 2,971.15 2,930.90 40.25 152.71 151 58 +-1.13 383.25 378.51 +4.74 180 2 157.24 +22 96 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,996.2 2,541.8 407.6 1.984.1 2.523.4 387.9 12.1 f 18 4 f
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      60 13 Markets in Austria, Belgium, France, Germany, the Netherlands, South Africa, Switzerland and Sweden were closed on Thursday for the Ascension Day holiday The Belgian market remained dosed yesterday HHffIWPWPW For information on where to buy your copy of: Singapore Business, Her World, Go, Home Decor, Young Parents call our Customer
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ higher against yen on talk of discount rate cut in Tokyo
      1176 14 REPORTS Tokyo: THE DOLLAR closed higher against the yen yesterday, but slightly lower against the mark. The yen was sold against the dollar and the mark on late morning rumours, later denied, that the Bank of Japan (BOJ)
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    • Article
      INTERBANK FOREX RATES
      401 14 Cross rates May 10 USS S$ MS Dm Yen SFr AS NZS USS 1.7675 2.7580 1.7305 138.30 0.5821 1.4635 1.2780 1.6922 SS 0.5658 1.5604 0.9791 0.7825 0.3293 0.8280 0.7230 0.9614 MS 0.3626 64.09 0.6274 0.5015 0.2110 0.5306 0.4634 0.6161 Dm 0.5779 1.0214 1.5938 79.92 0.3364 0.8457 0.7385
      401 words
    • Article
      Lock icon EC finance ministers to discuss ECU timetable
      425 14 Reuter A CURRENCY that is as yet a ghost of its future self will haunt finance ministers of the 12 European Community states when they sit down in Luxembourg today to discuss progress towards monetary union. Signs of the physical existence of the
      Reuter  -  425 words
    • Article
      Lock icon Rate swaps row: flood of lawsuits likely
      227 14 AFP THE legal decision invalidating interest rate swaps over the last decade by local government units and the British government's refusal to legislate to correct the situation will bring a "deluge" of lawsuits by banks and lead to a "frightful mess", the British
      AFP  -  227 words
    • Article
      FINANCIAL FUTURES
      1129 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Jun 91 93.89 93.91 93.89 93.90 2548 ***** 2272 Sep 91 93.66 93 69 93.65 93.67 8122 ***** 4214 Dec 91 93.17 93.20 93.17 93.20 1004 ***** 623 Mar 92 92.92 92.95 92.92 92.95 555 6649 281 Jun
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    • Article
      MONEY MARKET
      553 14 Interbank rates s$ Bid Offer Overnight 4 15/16 5 1/16 1-month 5 5 1/8 2-month 5 1/16 5 3/16 1-month 5 1/8 5 1/4 Overnight mode: 4-15/16 ISS Bid Offer 7 days 5 7/8 6 1 month 5 7/8 6 2 month, 5 15/16 6 1/16 3 months
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  • COMMODITIES
    • Article
      Lock icon Inro to meet next week on buffer stock operation
      455 15 AFP THE International Natural Rubber Organisation (Inro) meets in Kuala Lumpur next week to discuss a report on its buffer stock operation which might bear on negotiations for the next natural rubber pact. A special committee will meet on Monday and
      AFP  -  455 words
    • Article
      Lock icon Malaysia sees China as a big market for cocoa
      252 15 AFP MALAYSIA has targeted China as an important market for its cocoa beans and products and is seeking to promote cocoa as an alternative beverage for tea-drinking Chinese, a top official said on Thursday. "China is a big market for cocoa.
      AFP  -  252 words
    • Article
      KLTM closes lower at M$ 15.30 per kg
      811 15 REPORTS THE Kuala Lumpur Tin Market closed another five sen lower at M$ 15.30 per kg yesterday as miners continued to dispose off their stocks ahead of the weekend. Scattered buying interest was noted from European, Japanese and local buyers, but only
      811 words
  • Article
    PRICES
    1396 15 Rubber May 10 RAS (lob in bate*) S cents/kg Noon Close Int I RSS Prompt 143.25/144 25N 143.50/144 50N Im 1 RSS June 91 145.25/145.75 145.50/146 00 Int 1 RSS Julv 146.75/147.25 147.00/147.50 Int 2 RSS OP 141.50/143.50N 141.50/143 50N Int 3 RSS OP 137.00/139.00N 137.00/139.00N Int 4 RSS
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      641 15 BUSINESS TIMES TELEPHONE. 730-5771/5772/3773 PAX: 734-4982 KAY HIAN JAMES CAPEL HOLDINGS LIMITED (Incorporated in (he Republic of Singapore) NOTICE IS HEREBY GIVEN that the First Annual General Meeting of the company will be held at the Oriental Hotel, Ballroom 2, 5 Raffles Avenue, Marina Square, Singapore 0103, on Tuesday, 4th
      641 words
    • Advertisement
      Page 15 Advertisements Column 2
      508 15 THE COMPANIES ACT, CAP.S# elightways air services PTE LTD (In Members' Voluntary (Vlndlng-I'p) At an Extra-Ordinary General Meeting of the Company held at 36 Robinson Road #18-01 City House, Singapore 0106 on 6th May, 1991, the following special resolutions were passed: (I) that the Company be wound up voluntarily pursuant
      508 words
    • Advertisement
      Page 15 Advertisements Column 3
      11 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    Cut intra-Asean trade tariffs by half: Lee
    555 16  -  US, Japan, Taiwan should join proposed EAEG, he says From Koichi Ishiyama in TOKYO THE ASEAN states should set the tone for the proposed East Asian Eeonomic Grouping (EAEG) by, for example, cutting intra-Asean trade tariffs by half, said Senior Minister Lee Kuan
    555 words
  • Article
    Dr Hu urges closer cooperation
    328 16  -  21st Asean Banking Council Meeting By Chew Eng Han BANKS in Asean countries should cooperate closely and undertake more mergers and cross-border joint ventures in order to tackle the global credit crunch, which has led to increasing competition for funds, said Minister for Finance Dr
    328 words
  • Article
    M'sian boom prompts more trade with HK
    160 16 MALAYSIA'S outstanding economic performance among the Asean countries is stimulating trade flows with Hongkong, according to a report by the Hongkong Trade Development Council. The report said Hongkong's domestic exports to Malaysia surged by 54 per cent in the first two months of
    160 words
  • Article, Illustration
    HKSE scandal worsens as regulators dig deeper
    403 16  -  From Catherine Ong in HONGKONG HONGKONG securities regulators learnt only recently that former stock exchange vice-chairman Philip Wong was granted immunity from prosecution for helping to nail stockbroker Ronald Li. News of Mr Wong's possible culpability in the 1987 share scandal, which led
    403 words
  • Article
    Wharf to invest HK$ 6b in new projects
    246 16 WHARF (Holdings) of Hongkong will invest between HK$6 billion (S$ 1.35 billion) and HK$7 billion in new projects over the next three years, said executive director John Hung. "We have many plans, mainly in four major businesses. including property, telecommunications, transportation and
    246 words
  • Article
    Second Asean Fund to be set up to fuel growing economies
    253 16 A SECOND Asean Fund is to be set up to provide the capital needed to fuel the growing economies of the Association of South-east Asian Nations, it was announced at the 21st Asean Banking Council Meeting. Money from the
    253 words
  • Article
    Mid-East peace close: Moscow
    265 16 SOVIET Foreign Minister Alexander Bessmertnvkh began a historie visit to Israel yesterday saying that there was a real chance of bringing peace to the Middle East. Sidestepping differences over Jewish settlements policy and the timing for a resumption of full relations, the highest ranking Soviet official
    265 words
  • Article, Illustration
    Lock icon Sisir may tap Chinese expertise for laser centre
    307 16  -  BG Lee s visit to China From Lilian Ang in SHANGHAI THE Singapore Institute of Standards and Industrial Research (Sisir) is exploring the possibility of tapping Chinese expertise to set up a laser application centre in Singapore. The centre, to be situated
    Picture by Wong Kwai Chow  -  307 words
  • Article
    Lock icon Kaifu vows to speed up Bill to allow peace keeping role in Cambodia
    257 16 Reuter JAPANESE Prime Minister Toshiki Kaifu said yesterday he would speed up the political process to pass a controversial bill that would allow Japan to join United Nations peace-keeping operations, such as one planned for Cambodia. "The
    Reuter  -  257 words
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  • Executive Lifestyle
    • Article, Illustration
      Getting our act together
      1374 17  -  Singapore from cultural desert to Hollywood of the East. Is that for real or for reel? Jennifer Lien and Jaime Ee look at the many questions that hang over our budding film industry Jennifer Lien, Jaime Ee WHEN the government first announced that it wanted to
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    • STRAWS IN THE WIND
      • Article
        Food for thought
        32 17 IS this Custard's last stand? It was reported by the BBC that the British Custard Society has been formed by six businessmen who believe custard is an endangered foodstuff.
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      • Article
        Sleepwalking?
        41 17 A BRITISH newspaper recently reported that one of the most famous epitaphs in a cemetery in Key West has been stolen. It's the one which a widow inscribed on her husband's tombstone: "Harry, I know where you are sleeping tonight."
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      • Article
        Growing pains
        32 17 HERE'S a twist on the old "lovely to look at" bull-in-a-china-shop story: a working parent describes his four children as "lovely to look at, but they make you grow old!"
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      • Article
        A bridge too far
        37 17 SINGAPORE Press Holdings has been hiring a few Cambridge University graduates recently. So when two fresh graduates joined the company, someone asked: "Are they from Cambridge too?" Came the reply: "No, Kent Ridge."
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      • Article
        Red guinea pigs
        43 17 HAVE you heard this one? A political scientist asked Mikhail Gorbachev: "Who invented communism politicians or scientists?" Gorby's reply: "Why, politicians, of course." To which the academic answered: "I thought so too. Scientists usually test it on mice j first."
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    • OPINIONS
      • Article, Illustration
        No more golf courses!
        952 18  -  Dismayed at the prospect of more of our scarce greenery being turned over to golfers, Anna Teo says Anna Teo SOME SURVEY should be done to find out just how many people in Singapore play, or want to play. golf. Going by recent remarks from the
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      • Article, Illustration
        Lock icon The Veep — an unloved breed
        637 18  - The Veep an unloved breed Helen Thomas shines the spotlight on a position mostly relegated to the background Helen Thomas UPI AMERICAN presidential illnesses often cause fear through the land for many reasons; not the least is that the vicepresident is one heartbeat away. For the record, there have been
        UPI  -  637 words
      • Article
        Eu Court tenants removed posters, banners themselves
        182 18  -  LETTER TO THE EDITOR Au Eng Kok Managing Director Pidemco Land Pte Ltd WE REFER to the article "Tenants show their love for Eu" (BT, May 7) and would like to make the following clarifications: Pidemco Land Pte Ltd is not the landlord,
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    • SPORTS
      • Article, Illustration
        The sand dunes and dolphins of Kukup
        565 19  -  Atsumi Kawase was inspired by the desert landscape in the film Lawrence of Arabia in his design for the Kukup golf course. Nirmal Ghosh finds out what's being planned Nirmal Ghosh JAPAN'S veteran golf course designer Atsumi Kawase is planning 18 holes as
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      • Article, Illustration
        Lock icon Fabrice Santoro: rising star of French tennis
        657 19 Reuter FRANCE, sorely in need of new tennis talent to replace a generation of fading stars, may well have found one in a Roman arena in southern France last weekend. Fabrice Santoro came of age in tennis terms in the cauldron of the
        Reuter  -  657 words
      • Article
        Lock icon Fred Funk turns in his best round in Atlanta Classic
        355 19 UPI Fred funk, who didn't qualify for the PGA tour until he was 32 years old. on Thursday turned in the best round of his 28-month eareer with a 10-under-par 62 to take a two-stroke lead after the opening round
        UPI  -  355 words
      • SIDE LINES
        • Article
          Foreman hopes for rematch with Holyfield
          72 19 LOSING to Evander Holyfield last month hasn't dampened George Foreman's enthusiasm for fighting. Radio station KCOH reported on Wednesday that Foreman will continue his "Swan Tour" for another year with the hope of a rematch with the undisputed heavyweight champ. "I hope to fight
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        • Article
          Graf, Lendl down with injuries
          74 19 STEFFI GRAF and Ivan Lendl, ranked Nos 2 and 3 in their respective divisions, are sidelined with injuries with the French Open only 18 days away. Graf hurt her wrist in a Frankfurt exhibition match with Czechoslovakia's Jana Novotna and pulled out in the third
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        • Article
          Ballesteros in first round lead
          69 19 SEVERIANO Ballesteros gave his St Andrews salute in Madrid on Thursday after a sensational nine under par 63 gave him a five-stroke first round lead in the Spanish Open. The Spanish star punched the air in delight after his 25-foot putt at the last disappeared
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        • Article
          Mark Spitz comes in last
          56 19 FORMER Olympic swimming hero Mark Spitz came last in his first 100 m butterfly race for nearly 20 years in Santa Cruz de Tenerife, Spain, on Thursday. Notching up hjs third successive comeback defeat, Spitz was a full four seconds short of the winning time
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    • EPICURE
      • Article
        The young ones
        566 20  -  Quek Swee Peng on a parfait made from asparagus spears and stalks Quek Swee Peng CREAM of asparagus. Essence of asparagus. Warm asparagus. Hot asparagus. Cold asparagus. Asparagus parfait? A dessert made from asparagus sounds far-fetched, does it not? Until you have tried it. There weren't tell-tale
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    • LIFESTYLE
      • Article, Illustration
        Lock icon Master of raw cinema
        858 21 John Cassavetes' career as a director was a great, subversive act. John Sayles explains why a lot of people making movies in America today are in his debt NYT IT MIGHT have been Shadows or Faces or A Woman Under the Influence. A kid in his
        NYT  -  858 words
      • Article, Illustration
        Smart moves from an expert player
        447 21  -  Sybil Holloway BRIDGE Looking at today's deal which turned up during a duplicate morning game, the average player will wonder how the expert player at one table managed to make his contract of 4S when the hand showed four certain losers 3 diamonds including
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      • Article
        Bordeaux's pope of wine
        596 21  -  N K Yong WINE THERE are names in the wine world who are the stuff of history. That of Alexis Lichine must surely be counted among them. This American of Russian birth, whose many careers would have taken lesser men several life-times to handle, became a
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    • PURSUITS 1
      • Article, Illustration
        Sit on me
        385 22  -  Samuel Ee takes on that challenge and finds that everything is, well, sofa so good Samuel Ee REMEMBER THE days when your mother used to refer to that piece of living room furniture as the "settee Remember also the words that used to precede the introduction of
        385 words
      • Article, Illustration
        Making a case for outcasts
        583 23  -  Claire Leow watches Silence of the Lambs and gets enrapt in a consuming need to search for clues and meaning Claire Leow Silence of the Lambs must be the first major movie to hit town which is NOT a "feel-good" vehicle. Based on Thomas Harris'
        583 words
      • Article, Illustration
        War and peace
        745 23  -  A Kuwaiti who was on holiday when Saddam Hussein overran his country shares with Loh Hui Yin painful memories of the invasion Loh Hui Yin FOR KUWAITIS who saw the liberation of their country recently, it was a time of triumph and relief. But before that happened,
        745 words
      • Article, Illustration
        Passion and lust
        683 23  -  CD Review By RINGO LIEW DIVINYLS: Divinyls Singer Christina Amphlett and guitarist Mark McEntee, who make up the Australian duo Divinyls, have no illusions about what rock music is really about sex and rebellion. On their fourth album together, the group breathes new life into what have
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    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          Who came first — the man or the company?
          112 24  - Who came first the man or the company? Compiled by Lee Han Shih IT IS COMMON for people to name their buildings after themselves (Shing Kwan House, G K Goh Holdings, etc) but Cheng Chin Kwong must be one of the rare people to name himself after a company. Mr
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        • Article
          Sound of money — oops, music
          132 24 Sound of money oops, music WHAT DO Amcol Holdings, Lum Chang Securities, and Robert (Bob) Ng of Far East Organisation have in common? The answer, surprisingly, is not shares or deals but music. They are among the sponsors of the Singapore Symphony Orchestra's European tour, the third such trip for
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        • Article
          Hare Rama, Hare Krishna
          160 24 FOR THE FIRST TIME, an Asian actually a pair of brothers has made it to the Top 10 list of the richest people in Britain. Gopi and Sri Hinduja are estimated to be worth £1.1 billion far richer than the Swire family (£650 million), Richard Branson
          160 words
        • Article
          This could be beary risky
          67 24 HONGKONG corporate figure Ronald Li, serving his fouryear term in Stanley Prison, has to be productive and is, like other inmates, making teddy bears for sale, reports the South China Morning Post. In a place as superstitious as Hongkong, is it really such a good
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        • Article
          In Taiwan, pay up or else...
          41 24 THIS MONTH'S efficiency award goes to the Taiwan stock exchange which has the world's most efficient securities settlement system: if you don't pay up for purchases in three days, they suspend you for three years.
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      • Article, Illustration
        The market's most volatile shares
        1055 24  -  STOCK Loretta McLaughlan takes a look at Kim Eng, G K Goh and Kay Hian James Capel three Singapore stockbroking firms that have gone public Loretta McLaughlan INVESTORS in Singapore's stockbroking firms have learned faster than they may have liked that these shares are among
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      • Article, Illustration
        Rotating cautious purchases with healthy profit-taking
        500 24  -  CHART By Najeeb Jarhom The writer is Research I Manager at Fraser Roach > Co Pte l.td SINCE the bull run started in mid-Janu-ary, the Singapore stockmarket has not seen any major correction which has influenced investors to adopt a generally cautious investment strategy.
        500 words
      • Article
        Hedging your foreign currency investments
        935 24  -  By Chew Eng Han FOREIGN currency investors in Singapore usually have a hard time looking for relatively safe currencies to invest in when the US dollar is rising against all other currencies. The reason is that most currencies will then weaken against the US dollar
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      • Article, Illustration
        Still cautious about writing loans for weekend cars
        1007 25  -  Weekend cars have started to ply our roads, but banks and finance companies are not rushing to finance the buyers of such cars. Diana Oon explains why Diana Oon WEEKEND cars may have made their debut in Singapore at the beginning of
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      • Article
        Exciting future ahead for life insurance
        520 25  -  TAKING By Alan Street OVER the past weeks, we have taken a look at the historical development of life insurance and also tried to give an insight into some of the major issues, challenges and opportunities facing the industry today. It is therefore perhaps
        520 words
      • Article
        A handy separate entity when things go wrong
        847 25  -  By Quak Hiang Whai SOMEBODY once offered this colourful explanation of a trust. Imagine you are sun bathing on your yacht in the Mediterranean. It is hot and sticky. You decide to go for a swim. But you cannot take your bulging
        847 words
    • JOBS
      • Article
        How secure is a secure job?
        814 26  -  Elaine Ng says that true job security lies not in a single job or company, but in the manager himself and on his own employability and professional competence Elaine Ng The writer is a Singaporebased senior consultant with Corporate Resources Group, an international human
        814 words
      • Article, Illustration
        EXECUTIVE MOVES
        431 26 Lieutenant Colonel Dominic Ng Ann Hoe has been appointed General Manager, Properties of Cycle Carriage Limited. He will be responsible for developing, managing and marketing the group's properties in Singapore and Malaysia. Prior to this, he was the Commercial Manager responsible for project development with Ipco Marine Pte
        431 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1073 27 City Flight ETA Flight ETD City Flight ETA Flight ETD Adelaide QF081 2000 SQ227 QF082 2200 2200 SQ111 MH671 1705 1800 MH6I0 MH643 1715 1730 1745 Amsterdam SQ23 KL837 1345 1415 KL838 SQ24 2115 2200 MH/SQ671 SQ 113 MH613 SQI15 1800 1805 1850 2005 SQ 114
      1,073 words
    • THE TRAVEL PAGE
      • Article, Illustration
        Revelling in the Nepalese wilds
        556 27 POSTCARD FROM NEPAL THE real wealth of Nepal can only be appreciated by a visit to the mountains, rivers and jungles. And the best place to go for a jungle jaunt would be the Royal Chitwan National Park. The survival of the Terai wildlife of
        556 words
      • Article
        MONEY CHANGER RATES
        151 27 As at 3pm yesterday: dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.376 1.3% Canadian dollar 1.520 1.540 NZ dollar 1.030 1.065 Sterling pound 3.015 3.035 US dollar 1.7650 1.7750 I>ocal dollars to 100 units of foreign currency Austrian schilling 14.30 15.30 Belgian
        151 words
      • Article
        Lock icon New facilities for air travellers to Washington and Toronto
        168 27 TRAVEL SLICES NYT TO ACCOMMODATE increasing numbers of overseas passengers, Dulles International Airport near Washington has opened a new international arrivals building and Toronto's Pearson Airport has opened Trillium Terminal Three. Canada's first privately-owned and operated international airport facility. Dulles's new
        NYT  -  168 words
      • Article
        Lock icon Rembrandt paintings for tour
        252 27 NYT RECENT curatorial scrutiny has whittled away the number of Rembrandt paintings, as a number of works tormerly attributed to the artist are now believed to have been executed by his students. However, 50 paintings unmistakably by Rembrandt, along with his drawings and etchings, will make
        NYT  -  252 words
      • Article
        Lock icon Third SIA flight to Beijing
        33 27 Travel Business Analyst SINGAPORE Airlines has just added a third flight from Singapore to Beijing, using A310 aircraft. Flights leave Singapore at 0800 on Mondays, Wednesdays and Fridays.
        Travel Business Analyst  -  33 words
      • Article
        Lock icon Bangkok Oriental package
        97 27 Travel Business Analyst THE Oriental hotel in Bangkok is launching a three-night "Summer Package" priced at USS939 (*****0), available from June 15. Package price is for single or double occupancy, and includes 21 per cent tax and service. Included in the package are three nights in a
        Travel Business Analyst  -  97 words
      • Article
        WORLD TRADE EXHIBITIONS
        163 27 Duration Title Venue Organiser Tel May IWI Expoedit-Copia 91 Milan Trade Associa/ione 02/*****04 Fair. Italy Promozionc Must re May 8-14 International Hannover. Deutsche Messe *****890 Trade Fair for Germany Ag Hannover Machinery Equipment for the Wood and Forestry Industries May 13-18 Technical Belgrade. Foire Belgrade 381 *****55
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    • TIME OFF
      • Article
        THEATRE
        123 28 The American Association presents Stars Community Theatre production of the musical by Rodgers and Hammerstcin. Tickets from sl4 to $35 (weekends) and from $10 to $28 (weekdays/matinee). Victoria Theatre. On till May 19 at 2.30pm and Bpm Sleuth Sleuth is written by Anthony fife? thriller full of suspense and
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        EXHIBITIONS
        262 28  -  C ompiled by A Jayanti Original Stone Paintings Works by Qin Long who specMto in erocrpnt temporary Chinese Rich Colj our Painting" which uses the Li paperorKore*rl Base Gallery. 78 Shenton H «>' #01-02. M on-Sat, Ioam-6pm. Closed on Sun</„r and Public Holidays, David Hockney: Grimm's This exhibition has
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    • Article, Illustration
      CINEMA
      705 28 Awakenings. Robert DcNiro does some hand and legwork and gets himself an Oscar nomination in this movie based on a true story about a catatonic case and his shy doctor. Robin Williams is the introverted physician who searches indefatigably for a cure and finds it, only to have his
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      130 17 A V m fa m •7 WANT YOU TO RIDE FOR ME AT ROYAL ASCOT." .MF* '■■■^^^Kr z 7 ~rmfyf Ay l %n T*? T j OMEGA. The watch that records the world's significant moments. 4r/ At the Olympic Games. In outer space. And exclusively tor you. vw yU The
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      113 18 ir model or you. A "Just the diamond earrings m J i Summer Fantasia Package .1 fjM Per person (approximately S$ 110) •u •^%V i <*"- -i a Per night on Twin sharing basis. :Z %ir > jfm/jM Minimum two nights. Total price for single at HKSBBO per jj« S
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      Page 18 Advertisements Column 2
      181 18 B I welcomes letters from you. Address them to: The Editor, Business Times, Times House, 390 Kim Seng Road, Spore 0923 Letters should include your contact numbers. i»u» < .MM**** Mfltfcr* umrduit s I Umtt Ifcr tJK kMtrt I f 11 I I I I Any purchase of 2 I
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      47 18 DOONESBURY BY GARRY TRUDEAU imt m KIP! JUSI PROPPED YUP. Ht'S BE€N UP HSUO, WTOimMMfW %NC£ S<X.H£.'SIN PIP YOU LATER.HS NBSDS SIP! BI66UYHOM&! tS TH& BATHROOM FAUCBTS? TBWMM ID6&T BACK IN HtAHJAK3 YST? PLAYING WITH I /LHXP 1 ABOUT TH£ TOUCH LUITH IN- THS FAUC3TS. WOUffl? POORPUJMBiNO
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      416 19 ENTRYFORM I J SUNDAY JUNE 16 7:30 A.M. Am Jm National Stadium West Entrance m The^New'Paper-°Big Walk QIA IIMI I# 'CM Locked Bag 10, Robinson Road Post Office, WWwmßß^m Men's Women's Men's Women's Men Women Business &&f Junior Junior Open Open Veterans Veterans House (20VT5& UOyrsSi (Noage (Noage (40yis&. (35>is&.
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      224 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE VW GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 5.00 PM. HAPPY HOUR& DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00 PM TO 2.00 AM. I^l
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      332 20 MOTHERS ARE SPECIAL AT PETE'S PLACE Our visiting Italian Chef, Vincent Pecoraro. will prepare a feast in true admiration of Mum. Give this day extra meaning to she, who has given everyday to you. On Sunday, May 12th, say Happy Mother's Day in the warmth of our Italian trattoria. Sunday,
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      378 20 **OOOTHOITK 1 p qJ presents The Xiamen Herbal Food Promotion. 26 April 14 May s t■- Savour the wonders of traditional herbal delicacies specially from the city of Xiamen, China. At Seafood Theatre Restaurant. Set Menus A la cane available. Lunch or dinner. Sp.msor: PLAZA HOTEL oMrt Rum VMfqatVnt I
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      205 20 I The Belvedere brings you the savoury taste of |||S sunny Spain. With over 60 traditional H Orchard Road c*i2 t Tel 7?7441l I 1 A la Singapuja BUFFET LUNCH/DINNER May 1 to 31 Special favourites from all the ethnic strands of the Singapore weave. Canton Roast Duck. Otak-otak, Beef
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      27 20 m Eft w®m SS ■&<> > •r»f ,s r#/** V I >« p!r^»i §k, m <•>*•«'. "Let's do lunch. Mom. Tve got a window for 12 to 12.30pm on Thursday/ Punch
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      255 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY bruncm: amto23cpm fIV 'wtL. l» ADULTS W\_ CHILDREN ]j§\ 552» sis.oof 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. Ik ANA HOfFl If.
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      70 21 j" GRAND CRU CLASS£ 1988 MARGAUX APPELLATION MARGAUX CONTROLEE MIS EN BOUTEILLE AU CHATEAU SCA CHATEAU PFUEURt UOfINE PROPWtrAIRE A CANTENAC-MARGAUX FRANOT \v 1 jfejll cette boutellle parte le N2 &2&70 \l.Vhd. Prieure-Lichine 1988: dense colour, great depth and richness of fruit pAUs at china china I ON 12TH MAY
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      81 23 Reach, new heights of inspiration at Pure Inspiration. IS i j IHHHf B MM r fnifc t ill l '*]m JHHH **a» ytil^ftjriK^Hlflj^^H^^K^ iti nirtji Pure The /urniture sliowroom extraordinaire. 2,300 sq m (25,000 s<] Jt) o/ the /inest Jurnishings and inspired works of art to enhance your life. 0
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      12 25 I Maggs Great Eastern Life We take care of you for life
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      474 25 e sharl LOAN The etucetf way of turning shares into cut t/ie Points FREE GIFTS' Quick and Easy. Get instant cash for your shares 1 over the counter at any of our 28 branches 6 1 Ptups So# Calculate Loans from $2,000 to $50,000 1 bottle Remy Martm XQ (scl)
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      332 26 DHL IN THE NEWS Advertisement DHL REMAINS NO. 1 AIR EXPRESS COMPANY For the fifth year in a Cargonews Asia, who are award has been given to ten row, DHL Worldwide Express users of transport services cargo agents of the airline and has been voted the Best such as shippers
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      38 27 Johan, fly Finnair if you're going to Stockholm Swede home. Because Finnair gets you home at 0755 in the morning or onto over 30 other European destinations. Call *****77 for details. We know Europe from start to Finnish.
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      Page 27 Advertisements Column 2
      34 27 I Indonesia's paper and pulp tiger New for Marina Centre project The video The portable office -4 fflL'"'_ Ji-r^grl Results of World Leadership Survey 9 lnyestment B P° 4, '9 h4 on Transmarco and
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      347 27 5 Everybody in drag appears fat (6) |H Wm M 8 Ready to change paper col- mm hh ■■B our (8) J J I 9 Be anxious about offer for To H HR BS H| carbon compound (7) _HH__a^H——PV 10 Change a lieutenant with ~IH ■M~~ *2| hesitation (5) Had
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      169 27 World forecast Asia-Pacific Hi/Ix)* Cond. Auckland 18/08 Showers Bangkok 35/25 Showers Beijing 23/09 Showers Brunei 32/24 Showers Hongkong 27/20 Sunny Jakarta 30/24 Showers Kuala Lumpur 34/24 Showers Manila... 36/25 Fair Melbourne 20/10 Cloudy Perth 24/10 Sunny Seoul 22/12 Fair Sydney 20/12 Cloudy Taipei 26/21 Cloudy Tokyo 22/13 Cloudy Wellingtor 14/10
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      39 27 Li.l:,. 1 '..L'-BVEWI I VPS I GOT Itwoivec V usual thing ....introduction 1 V T, r Tr p. CRDU)D OF f\ro£R.vCP>N I poS£ FOR PWoTOGfftPHS. 7 VroogisTC L- 1 or ftu. PCQPutf) 1 8424 EVENING STANOARO CO LTD 1962-1991
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      1886 28 TODAY'S TV jMHBappppHBBM ■MVfMnPHffWM WHI 900 Children's Club 11 l\[lVil The Hello Spencer Show. HDfl «4 *v TV Education. 12 Angry Men, Bpm, SBC 12 Travel Travel, 12.30pm, SBC 5 NV 12.00 PM News (VI). When a young man Ever wanted to go see the "v. B 12.15 What The
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      Page 28 Miscellaneous Column 2
      613 28 Movies on tv Ping Pong, Mon, 10.30pm, aid of a man stabbed viciousSBC 12 ly with a chisel. Kenneth When a wealthy Chinese res- Cranham resolves to mind taurateur drops dead in a his own beeswax if he ever telephone booth in Soho, gets out of jail. This thriller there
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