The Business Times, 15 June 1991
1991-06-15
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The Business Times
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Title Section11 1991-06-15 1 Business Times MCI (P) 16/12/90 Weekend Edition, June 15-16 1991 75*11 words
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NEWS & MARKETS SUMMARY
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Article40 1991-06-15 1 ANOTHER batch of favourable economic news helped boost Wall Street stock prices higher in early trading yesterday. The Dow Jones average of 30 industrials was up 23.03 to 2.988.15 at 1430 GMT in the first hour of trading.40 words
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Article25 1991-06-15 1 LONDON shares were slightly higher in light dealings at midday yesterday. The Financial Times-Stock Exchange 100share index was up three points at 2,517.6.25 words
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56 1991-06-15 1 SWANSEA, Wales British Prime Minister John Major told a Conservative Party conference here that inflation was on target to fall to 4.0 per cent by the end of 1991 and that further falls would follow in 1992. Tory56 words
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Article36 1991-06-15 1 SIEMENS Nixdorf Information Systems. Europe's biggest information technology company formed through a merger last October, has clinched a SS6O million contract in Thailand. its biggest in Asia to date Page 236 words
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Article31 1991-06-15 1 CEREBOS Pacific has acquired a fruit-juice company in New Zealand, its second acquisition since it was taken over by the cash-rich Suntory group of Japan Page 331 words
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Article26 1991-06-15 1 AIRBUS INDUSTRIE and Boeing announced US$7 billion of new orders on the opening day of the Paris Air Show Page 426 words
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Article27 1991-06-15 1 JAPANESE broking house Cosmo Securities has received approval from Japan's Ministry of Finance to set up a merchant bank in Singapore Page 527 words
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Article, Illustration29 1991-06-15 1 Friday Change BT-MGA 738.29 -2.31 Kuala Lumpur ...627.13 +2.47 Tokyo 25.093.89 +285.72 Hongkong 3,639.15 +6.60 Sydney 1,509.0 +13.4 Thursday Change New York 2,965.12 3.13 London 2,514.6 -5.629 words
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Article25 1991-06-15 1 Exchange rates USS SS 1.7880 100 Yen SS 1.2616 MS SS 0.6418 Money market rates Overnight 4 15/16% -1/16 u 3-month 5 5/8 unch25 words
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Article38 1991-06-15 1 London Gold AM fix US$369.00 -IJSS0.60 Rubber S*pore July l48.00*/kg unch M'sia July 233.50Vkg +0 50 KL Tin Turnover 53 tonnes -23 Spot MSI 5.55 /kg -005 Crude palm oil Turnover. 757 lots -218 July MS744/tonne +438 words
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746 1991-06-15 1 Nirmal Ghosh - Transfer market slowing down By Nirmal Ghosh TRENDS indicate that golf club membership prices are not holding up as well as anticipated in the wake of question marks over the financial implications of the new status of some clubs, and with746 words
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297 1991-06-15 1 Elaine Koh - By Elaine Koh METRO Holdings" proposed bonus issue failed to work its magic in the market yesterday, with the share price losing ground on widespread expectation that it would he turned down by the Stock Exchange of Singapore. The retail group had announced297 words
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402 1991-06-15 1 S N Vasuki - By S N Vasuki AS PART of a strategy to reduce its $1.43 billion debt. United Industrial Corp (UIC) yesterday said it had disposed of its entire interest in Japan's Joyo Bank for about $60.9 million. Separately,402 words
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Article289 1991-06-15 1 Selva Kumar - By Selva Kumar RETAIL investors have been disappointed by Singapore Airlines' decision not to have a stock split. Investors whom BT spoke to said a stock split would have enabled small investors to buy SIA shares. Some also added that given SlA's current position in terms289 words
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Page 1 Advertisements
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Advertisement160 1991-06-15 1 Nikon ThoWtorid'tFinoot Photographic System. COVER jp Sporty, sporting ]Wg[ TPytaJ corporations. Www A A Aircraft Schedule EL 11 Commodities 15 Company News 4 Cryptic Crossword EL 11 Financial News 5 futures Options 14 Gold Prices 14 Home News 2 HK Tokyo Stocks 11 Interbank Fore* Rates 14 KLSf 10 Money160 words
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Advertisement8 1991-06-15 1 OPINIONS Give S'pore-made goods more push. EL 28 words
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Advertisement13 1991-06-15 1 LIFESTYLE The American Indian dilemma. EL 3 Voices from the heart. EL 513 words
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Advertisement273 1991-06-15 1 believing. EL 6 .-"s£fes Timefless values. >Sy» 10^\ I l '*'<? 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.273 words
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Advertisement34 1991-06-15 1 "V Mil Nikon Tk* n i n .1 h I n I Of vVOna t rinmwX Knoiogr&pnic oywwm. FINANCE Impact of SES rejection of rights issues. EL 8 Gold regaining its shine. EL 934 words
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Advertisement8 1991-06-15 1 JOBS Business, bullets and the big-time. EL 108 words
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Page 1 Miscellaneous
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Miscellaneous0 1991-06-15 1 .].;)$"\_$,]}']=>';}^-`;{{;]@]+0 words
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HOME NEWS
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NEWS ROUNDUP
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Article98 1991-06-15 2 MINISTER tor Communications and Second Minister for Defence Dr Yeo Ning Hong leaves for a visit to France and Lhe United Kingdom from today until June 24. During his >tay in France, from June 15 to 20, Dr Yeo will meet Minister (oi Defence98 words
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Article78 1991-06-15 2 SINO-MALAY Investment Holdings (S) Pte Ltd has signed a joint venture contract with Ningxia, China, for the formation of a joint venture trading company, which will be incorporated soon. The agreement was signed on June 11, when a delegation from Sino-Malay Investment Holdings was visiting C hina.78 words
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Article73 1991-06-15 2 MARYLAND Governor William Donald Schaefer will lead a delegation of state economic officials and business leaders on a five-day visit to Singapore starting Sunday. He will meet Minister of State for Trade and Industry Mah Bow Tan and Minister of State for Education Dr Seet Ai73 words
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167 1991-06-15 2 A MAJOR food fair which will be supported by bigspending Japanese buyers will be staged in Singapore for the first time. To take place at the International Merchandise Mart (IMM) building in Jurong, the Asia and Oceania Food Fair '91 will showcase the167 words
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Article, Illustration467 1991-06-15 2 Kenneth James - Launch of 1 Oth-anniversary celebrations Minister of State clarifies productivity figures By Kenneth James THE productivity movement's most significant achievement has been to make "productivity" a respected word filled with substance and content. Minister of State for Communications and Trade Industry Mah Bow Tan467 words
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231 1991-06-15 2 SUMMA Investments (Summavest), formerly Sim Lim Investments, has returned to the black with a group profit after tax and minority interest of $3.43 million for the year ended March 31. Sum ma vest had reported a net loss before extraordinary items of $3.2 million231 words
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279 1991-06-15 2 Claire Leow - By l Claire Leow SIEMENS Nixdorf Information Systems (SNI), Europe's biggest information technology (IT) company formed through a merger last October. has clinched a SS6O million contract in Thailand, its biggest in Asia to date. Its Singapore regional headquarters (RHQ) yesterday described the move279 words
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Article146 1991-06-15 2 ASSOCIATE Professor Tan Teck Meng. the Dean of the School of Accountancy and Business (SAB) of the Nanvang Technological University (NTU). said yesterday that there has been good response to its actuarial science and insurance degree courses. Already, 12 students have enrolled for the former, while146 words
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SHIPS IN PORT
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Article583 1991-06-15 2 Veswl Voy No Berth Wj Pepartue Vessel Voy No Berth Arnvarf Oeparhre Keppei Wharves Brastag. 8/91 M3C 15 06/0700 1506/2300 Afcs 51 K34 alongside 17 06/0600 Fga 1106 *****1 M2A 15 06/0900 1506/2300 Abbay Wonz 28WB K30 alongside 14 06/1900 Hong Soon 9/91 M2B 15 06/0700 15583 words
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Article999 1991-06-15 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO "to Voy No Etb/Btr Record Penod Bookrg/Balanc From i To Rsfts From Aha Bhum 499N 17/2359 2 3 14/1700 15/0700 15/0659 15/1159 15/0900 15/1400 9C 17/2000 3 4 15/0700 15/1200 15/1159 15/1459 15/1400 15/1700 ®r. Adelaide 1776? 15/1645 1 14/1500999 words
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Article269 1991-06-15 2 Penang Port I I Berth m Buttervnorth on June 15: 1 Tihi. 2 Kim Soon Li; 3: Million No 3. Sang Thai Ruby. 4: nil; b Bunga Seroja: 6: Maersk Pinto Ptnang Whart NB nil; CB nil: SB ml BCT: Bl: Philippines Express. Bll Telina. I B269 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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427 1991-06-15 3 Genevieve Cua - Group to pay $2.8 m for second acquisition since Suntory's takeover By Genevieve Cua LISTED food group Cerebos Pacific has acquired a fruit juice company in New Zealand. its second acquisition since it was taken over by the cash-rich and expansionist Suntorv group of427 words
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314 1991-06-15 3 Genevieve Cua - By Genevieve Cua THE STRONG Singapore dollar, particularly in relation to the Australian and New Zealand currencies, dampened earnings of food group Cerebos Pacific in the eight months ended March 31. Results were flat as aftertax earnings dropped one per cent to 525.7314 words
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Article383 1991-06-15 3 S N Vasuki - By S N Vasuki AVIMO Singapore Ltd, the world's No 1 supplier of precision night-vision lenses for the defence industry, registered a smart turnaround in the six months ended March 31. After posting a S3 million loss last year, its first in 15 years, the383 words
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Article1029 1991-06-15 3 Prices as at 14.06.91 Conversion terms j Premium/ Expiry —p j— -I (discount) Amount Optional** using issued I I Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cash Loan Gearing Date Mths units) stock ratio price nom Stk, j Left value Burwill 115 2 01,029 words
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341 1991-06-15 3 Elaine Koh - By El Elaine Koh MALAYAN CREDIT «aw a near 140 per cent jump in after-tax profit to $14.28 million for the year ended March 31. 199 i, on strong growth in rental income with little debt to service. The property group saw341 words
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366 1991-06-15 3 Lilian Ang - By Lilian Ang MALAYAN United Industries (MUI) Bhd is taking another step towards streamlining operations through a reconstruction exercise, which will see it sell MUI Plaza to subsidiary Malayan United Manufacturing Berhad (MUMB). and reduce its stake in the latter. A MUI statement366 words
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279 1991-06-15 3 Bernama KUALA LUMPUR The New Straits l imes Press (M) Bhd said yesterday that its subsidiary, Pitisan Sdn Bhd, has acquired 22.87 million ordinary shares of MSI each in Bank of Commerce Bhd for MS 109.79 million (5570.27 million) cash. ThisBernama - 279 words
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COMPANY BRIEFS
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98 1991-06-15 3 CMB PACKAGING Singapore has proposed an executives' share option scheme, aimed at motivating staff and promoting company loyalty. Under the scheme, which has already been approv ed in principle by the Stock Exchange of Singapore, the total number of new shares to he98 words
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Article114 1991-06-15 3 THE annual general meeting of Hotel Properties Ltd was held yesterday. The company disclosed to the SES that Messrs Joseph Grimberg and Freddy Lee Thiam Yew had been re-elected as directors and the board of directors had received approval to issue shares provided it did not exceed114 words
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Article79 1991-06-15 3 FIRST CAPITAL Corporation Ltd announced that its 60 per cent-owned subsidiary, Heshe Holdings Pte Ltd. yesterday entered into an agreement to sell a warehouse to United Alliance Textiles Pte Ltd. The warehouse with a built-in area of 2.971 sq ft was sold for 5757.605. FCC said79 words
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Article94 1991-06-15 3 BUKIT SEMBAWANG Ltd is paying a final dividend of 35 cents per share for the year ended March 31. The company announced its results yesterday which showed that turnover at the company level rose to 513.18 million from 53.81 million the year before, while consolidated operating94 words
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163 1991-06-15 3 DBS CHARITY DBS ASSET Management, leader of the DBS Charity Investment Race for the last two months, has improved its accumulated profit to $106,567 by the end of Tuesday this week, up from $101,378 a week earlier. The rest of the contestants,163 words
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Page 3 Advertisements
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Advertisement148 1991-06-15 3 ill w H TRY A LITTLE CHINESE SMOKE THIS WEEKEND. TRACER VK'S The Chinese Smoke Oven Weekend Lunch <# V*N »«AV IN4O «i«fi si at Trader Vic s promises to nre up your appetite. Renowned around the world, our unique smoke ovens add special tantalizing flavour to fresh seafood, chicken,148 words
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REGIONAL COMPANY NEWS
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COMPANY BRIEFS
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61 1991-06-15 4 PORTLAND, Oregon Nike Ine, America's leading athletic shoemaker, said on Thursday its sales for the fiscal year ended May 31 jumped 36 per cent to more than US$3 billion (about 555.3 billion). General manager Tom Clarke said the sales figures reflected major gains in its61 words
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Article80 1991-06-15 4 WELLINGTON Robert Jones Investments, New Zealand's largest property company, reported an extraordinary loss yesterday of NZ$4O.l million (about Ss4l million) for the year to Mareh 31. The loss is related to its decision to quit the US property market and to write-downs in its commercial80 words
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Article73 1991-06-15 4 LONDON Year results from Cable and Wireless pic generally impressed telecommunications analysts, considering the negative effects of exchange rate movements. The company earlier announced a 16 per cent rise in pre-tax profits to £609 million (about Ssl.B billion), towards the top end of market forecasts.73 words
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Article53 1991-06-15 4 MANILA Philippine brewer San Miguel Corp has obtained a 600 million peso (about 5538.5 million) loan from the Asean-Japan Development Fund (AJDF). The loan was extended by a syndicate of Manila banks as part of a relending plan financed by the Export Import Bank of Japan53 words
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Article64 1991-06-15 4 BOCHUM, Germany Germany's Krupp Stahl Ag expects further weakness in its steel business and lower profits this year, but the results should allow it to pay a dividend for 1991. Krupp Stahl, the steel unit of Fried Krupp GmbH, said incoming steel orders had risen64 words
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Article55 1991-06-15 4 TOKYO Japanese fibre maker Mitsubishi Rayon Co Ltd forecast group net profit of seven billion yen (about 5588.3 million) in the year to March 31, 1992, up from 3.98 billion yen in 1990-91. It sees group current profit at 15.5 billion yen, up from 14.8555 words
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Article76 1991-06-15 4 SEOUL Lucky-Goldstar Group will merge its four petrochemical products affiliates between July and October. "The decision was made mainly to enhance international competitiveness in the petrochemical business by reducing production costs and avoiding overlap," a company spokesman said. Lucky Ltd, a biochemicals and bioengineering company producing76 words
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466 1991-06-15 4 FT PARIS Airbus Industrie and Boeing on Thursday announced US$7 billion (5512.5 billion) of new orders on the opening day of the Paris Air Show, indicating that demand for new commercial airliners remains strong in spite of the effects of recession andFT - 466 words
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Article, Illustration40 1991-06-15 4 Reuter picture NEW YORK Frank Deford, editor of The National sports daily, holding a copy of the cover of the paper's Final issue at a press conference announcing the close of the publication on Wednesday. Reuter pictureReuter picture - 40 words
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Article192 1991-06-15 4 Reuter AUCKLAND Carter Holt Harvey Ltd executive chairman Richard Carter said that a group which had signed a letter of intent to buy its wholly-owned Australian metal recyling company, Simsmetal Ltd, would not now buy the company. "That's history I think," he said. "It neverReuter - 192 words
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296 1991-06-15 4 Reuter LONDON Holders of convertible bonds issued by Brent Walker Group pic have reached outline agreement with the highly leveraged leisure company which is proposing a restructuring of its £1.4 billion (about 554.12 billion) debt, according to a banker close to the company. About £7Reuter - 296 words
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Article, Illustration316 1991-06-15 4 Declaration halts civil legal actions against him AFP SYDNEY Failed Australian media and resort tycoon Christopher Skase has been declared bankrupt on his own petition, the New South Wales Supreme Court was told yesterday. The declaration in the Federal Court. Brisbane, on Thursday hasAFP - 316 words
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281 1991-06-15 4 BANGKOK. The prospcct of Bangkok land Co Ltd. developer of the gigantic Muang I hong Thani real estate project, listing its shares on the stock exchange in September or October this year has caused fears about the market response to Thai281 words
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280 1991-06-15 4 JAKARTA Indonesia's plywood trade representative in Japan, Nippindo, suffered losses of about US$4.2 million (about 557.4 million) in the first four months of this year due to the sluggish demand for the building material, the Jakarta Post reported on Thursday. Muhammad (Bob) Hasan, chairman of280 words
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Page 4 Advertisements
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Advertisement25 1991-06-15 4 Available at Newsstands and from your Newsvendor. Also from Times The Bookshop and 7-Eleven stores. Published by Times Periodicals, a member of Singapore Press Holdings25 words
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FINANCIAL NEWS
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291 1991-06-15 5 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Japanese brokerage house Cosmo Securities has received approval from Japan's Ministry of Finance to set up a merchant bank in Singapore. With that, the mediumsized Japanese securities house will apply for a merchant banking licence with291 words
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348 1991-06-15 5 NYT TOKYO Japan's nonbanking financial institutions are facing serious difficulties because of their reckless loans to real-estate businesses, and some may face bankruptcy, analysts say. "A number of real-estate firms have gone bust since late last year, feeling the pinch of aNYT - 348 words
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Article, Illustration577 1991-06-15 5 DBS Bank weekly currency review L'SS/DM: The march to 1.8300 DESPITE overbought conditions in the daily stochastics, the US dollar's close above 1.7600 marks last Friday provided the impetus for the greenback to stage a strong rally, trading swiftly through resistance at 1.7830 to reach577 words
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301 1991-06-15 5 Reuter HO CHI MINH CITY A unit of Credit Lyonnais has said its country fund for Vietnam will be launched in July and noted that Hanoi's enthusiasm showed a commitment eventually to enter international capital markets. On Tuesday, the French state-ownedReuter - 301 words
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269 1991-06-15 5 Reuter SYDNEY Australian bank net profits fell 36 per cent to A 51.64 billion (552.2 billion) in 1990 as loan writeoffs rose 72 per cent to $4.5 billion, accountants KPMG Peat Marwick said in their 1991 Financial Institutions Survey. KPMG banking industryReuter - 269 words
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Article, Illustration319 1991-06-15 5 Selwyn Parker - From Selwyn Parker in AUCKLAND THE BANK of New Zealand, which has been persistently rumoured to be on the market, is "not currently for sale", according to Prime Minister Jim Bolger. It has been widely rumoured that the New Zealand government319 words
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153 1991-06-15 5 WITH Singapore and Hongkong buyers in the vanguard, collapsed investment bank DFC New Zealand expects NZ$lOO million in sales from its first property offering. In its first statement since tenders for its Portfolio 1 sale closed on May 31, DFC said it has banked153 words
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SMALL CHANGE
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68 1991-06-15 5 MELBOURNE The Australia and New Zealand Banking Group Ltd expects profit in the second half of 1990/91 ending Sept 30 to be slightly better than that recorded in the first half, chief executive Will Bailey said. ANZ posted a net profit of AS68 words
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Article79 1991-06-15 5 M. TOKYO Combined current profits by Japan's 64 regional banks fell 2.44 per cent from a year earlier to 788.2 billion yen (559.93 billion) in the year ended March 31, the Regional Banks Association of Japan said in a report. The association attributed the decline79 words
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Article68 1991-06-15 5 SAN FRANCISCO Manufacturers Hanover Coip and Bank of America, a unit of Bank America Corp, said they signed a letter of intent for Manufacturers Hanover Co oi California to acquire Bank of America's stock transfer business. The purchase price was not disclosed. It said stock68 words
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Article98 1991-06-15 5 SEOUL Returns on assets in 1990 posted by 68 branches of foreign banks in South Korea were more than double those of local banks, the Bank of Korea said in a report. But returns fell from a year before and the gap has narrowed, the98 words
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69 1991-06-15 5 ROME The Italian Banking Associat (ABI) rejected government plans for banks to take stakes in failed national farm cooperative Federconsorzi and opted instead for its voluntary liquidation, ABI said in a statement. Voluntary liquidation means all creditors must agree to the cooperative, which collapsed69 words
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Article79 1991-06-15 5 KARACHI Half the 44 groups seeking permission tc> launch private banks in Pakistan have dropped out, a Pakistan Banking Council official said. They withdrew during the scrutiny process when the government demanded that they pay a non-refundable 500,000 rupees (*****,800) as evidence of their79 words
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315 1991-06-15 5 Reuter LONDON European banks with exposure to Iraqi correspondent banks may have cause for concern over the United Nations decision on Wednesday to allow countries to unfreeze Iraqi assets for humanitarian purchases, bankers said. "It's extremely bad news for banksReuter - 315 words
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Page 5 Advertisements
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Advertisement77 1991-06-15 5 f fSteJ CREDIT LYONNAIS f I VJ international Asset Management (Singapore) Limited 1 1 Change of Address J Effective 22nd June 1991, our address and communication details will be changed to: 65 CHULIA STREET #39-01 OCBC CENTRE SINGAPORE 0104 TEL: 538 0008 FAX: 538 0800 TELEX: RS ***** CLIAMS (unchanged)77 words
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Page 5 Miscellaneous
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Miscellaneous20 1991-06-15 5 i iyi= p lru If III "You know, Tom, aside from huge amounts of money, my wants are very few."20 words
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THE REGION
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NOTE BOOK
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Article75 1991-06-15 6 JAKARTA Indonesia has raised the selling price of its crude oil for June delivery and credited the Organisation of Petroleum Exporting Countries (Opec) for helping to improve prices in the world markets. Mines and Energy Minister Ginanjar Kartasasmita told reporters yesterday that the price of75 words
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Article85 1991-06-15 6 JAKARTA Indonesia has awarded a Japanese company an USSII million (5519.7 million) contract to carry out a feasibility study on its first nuclear power plant project, press reports said here on Thursday. The deputy director general of the National Atomic Agency, Iyos Subki, said New Japan85 words
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Article101 1991-06-15 6 JAKARTA The future of Indonesia's plywood industry, j one of its major exporters, is looking very gloomy as demand in major buyer Japan weakens, an industry official said. "Tight liquidity in Japan has very much affected our exports. If this goes on it will really101 words
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Article64 1991-06-15 6 SEOUL South Korea's manufacturing firms posted 154.04 trillion won (SS3BO billion) in total sales in 1990. an 18.6 per cent rise from 129.84 trillion in 1989, Bank of Korea figures showed. Bank officials said the better sales performance of the 25,883 firms was due mainly to64 words
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Article, Illustration441 1991-06-15 6 David Chew - KLCE chief suggests ways and means By David Chew SINGAPORE Malaysia should adopt new marketing strategies to bolster its waning agricultural sector, whose contribution to GDP, export earnings and employment, had plunged from 1960 to 1990. the chief executive of the Kuala Lumpur Commodity441 words
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457 1991-06-15 6 AFP, Reuter JAKARTA Indonesia said on Thursday that the record pledges of aid it has just received would help it develop the economy and eradicate poverty but warned the amount would decline in future years. On Wednesday in The Hague, major donor countries andAFP,; Reuter - 457 words
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Article, Illustration54 1991-06-15 6 BANGKOK Chinese President Yang Shangkun (centre) is surrounded here by Thai security guards and his own Chinese bodyguards as he poses for a photograph with a six-year-old male tiger named Maew at the Samutprakarn Crocodile Farm. The premier was in Thailand for54 words
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244 1991-06-15 6 Reuter BANGKOK Thailand's economic policy screening committee has approved a finance ministry proposal to raise the annual foreign loan limit for government and state agencies to US$2 billion (553.6 billion) from US$l.5 billion. A government spokesman said the Cabinet-level committee endorsed plans for state enterprisesReuter - 244 words
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236 1991-06-15 6 FT HONGKONG Britain and China have agreed on a draft form of investor promotion and protection agreements for Hongkong to negotiate with its main overseas business partners such as Japan and the US in order to shield foreign-owned businesses after the colony revertsFT - 236 words
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337 1991-06-15 6 AP WASHINGTON Members of the Senate Foreign Relations Committee are trying to get US President George Bush to lift a 16-year-old trade embargo against Vietnam. While declaring it was not yet the time to establish full diplomatic relations with the CommunistAP - 337 words
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Article, Illustration243 1991-06-15 6 AP BANGKOK Japanese Foreign Minister Taro Nakayama has told Vietnam's leader that he hopes Hanoi will create a more favourable climate for Japanese investors, the official Vietnam News Ageney reported. Mr Nakayama met with Communist Party chief Nguyen Van Linh in Hanoi onAP - 243 words
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Page 6 Advertisements
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Advertisement80 1991-06-15 6 JUNE 1991 MCI(P) 159/7/90 jj/t $350 w *"Niwßi BEDROOM SECRETS jAhSkiw. OF THOROUGHLY < RESPECTABLE WOMEN jf IMP™ I ARE YOU SAYING'I DO' Mm i I roi he wrong reasons? B I 10 LOVELY THINGS S f TO DO —WITHOUT A MAN S jIF YOU'RE AT A jK I CAREER80 words
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THE WORLD
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397 1991-06-15 7 AP WASHINGTON US wholesale prices shot up a surprisingly sharp 0.6 per cent in May, the biggest gain in seven months. The Labour Department said on Thursday that the steep increase in its Producer Price Index was led by a turnaroundAP - 397 words
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309 1991-06-15 7 AP WASHINGTON The number of Americans filing new claims for unemployment benefits fell for the fourth straight week at the end of May, the first such stretch of improvements since the United States economy was pulling out of the 1981-82 recession. The LabourAP - 309 words
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464 1991-06-15 7 FT LONDON The government's handling of the economy came in for sharp criticism on Thursday after news of a further large rise in unemployment and a warning from industrial leaders that the economic upturn would be delayed. Department of EmploymentFT - 464 words
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353 1991-06-15 7 AP UNITF.D NATIONS The United States has failed to persuade the rest of the Security Council that half of Iraq's oil revenues should be used to pay for war reparations, diplomats said. They said on Thursday that the US apparentlyAP - 353 words
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339 1991-06-15 7 Reuter BERLIN The biggest bills for the reseue of eastern German industries will start landing next year, the president of the state privatisation agency said on Thursday. Birgit Breuel said the Trcuhand agency would keep within its 1991 credit limitReuter - 339 words
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Article, Illustration62 1991-06-15 7 Reuter photo WASHINGTON President George Bush applauding a point as he stands in front of a large model of the US Capitol building on stage at the 1991 President's Dinner at the Washington Convention Centre on Thursday night. The L nited States president touched on probableReuter photo - 62 words
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278 1991-06-15 7 Reuter TOKYO Japan should increase its imports from developing countries and more private institutions should invest in the Third World to help it through a "difficult decade". The Ministry of International Trade and Industry's latest report on economic cooperation. released on Thursday.Reuter - 278 words
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WORLD WATCH
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105 1991-06-15 7 BRUSSELS East European countries have stressed their need for greater trade outlets and said Western aid for the Soviet Union should not hit their own exports. European Commission sources said on Thursday. The EC's External Relations Commissioner. Frans Andriessen. endorsed thejr demands and105 words
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Article121 1991-06-15 7 SEOUL Foreseeing a recovery in exports in coming months, the Korea Development Institute yesterday predicted that South Korea's gross national product will grow 9 per cent this year. This would be 1.6 percentage points higher than it projected in January and is in line with121 words
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Article114 1991-06-15 7 WARSAW Poland registered its first monthly trade surplus of the year after devaluing the zloty in May but the increase in exports was not enough to lead the economy out of deep recession. "You cannot expect a rev ersal of the slump tendency even though we anticipate114 words
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Article118 1991-06-15 7 DUESSELDORF Germany can expect to see an inflation rate over 3 per cent, outgoing Bundesbank president Karl Otto Poehl warned on Thursdav."The days of inflation of below 3 per cent will soon be over," Mr Poehl said after a meeting of the German central bank's118 words
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Article95 1991-06-15 7 WASHINGTON The House of Representatives voted on Thursday to suspend US aid to India until that country stops producing nuclear weapons. In a largely-symbolic 242-141 vote, the House also decided to halt arms sales to New Delhi in an effort to curb nuclear arms proliferation.95 words
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Article, Illustration424 1991-06-15 7 Reuter NEW DELHI India has imposed curbs on exports to the Soviet Union because New Delhi is losing hard currency on a trade pact with Moscow. Commerce Minister Subramaniam Swamy said on Thursday: "We have been losing a lot of money inReuter - 424 words
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362 1991-06-15 7 Salil Tripathi - By Salil Tripathi i SINGAPORE The pro- longed downturn in Manhattan's property market is likely to halt soon as indicators of the US economy begin inehing upward. But at present New York continues to offer a depressed property market, full of rich piekings. The362 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4993 1991-06-15 8 Chew Eng Han - By Chew Eng Han SINGAPORE stocks closed the week on a weak note despite a rally in Tokyo yesterday and a higher close in New Vork on Thursday. The Straits Times Industrials Index ended 9.17 points lower at 1,527.50. The market was hovering4,993 words
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Article4199 1991-06-15 9 Main Board DBS Foreign 1410 +20 4% Spore I and 630 +15 +2 4% OCBC Wt 260 +15 +6.1% DBS 1220 +10 0.8% Spore BusF 500 805 M0 I 3% Semh Shipyard 705 MO 1 4% Tibs 50* 500 201 4 t-4.7% UN 880 +54,199 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4263 1991-06-15 10 Bernama SHARE PRICES on the Kuala Lumpur stoek market closed mixed in cautious trading yesterday after alternating bouts of bargain hunting and profit-taking, with activity focused on low liners and situational stocks. Interest in index-linked stocks pushed the KLSE Composite Index up 2.47 pointsBernama - 4,263 words
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Page 10 Advertisements
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Advertisement15 1991-06-15 10 TODAY IN m Hi THE j 1 mmm^^| r/f W READ ABOUT IT IN Iwed^nHfir15 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2254 1991-06-15 11 Reuter TOKYO stocks finished strongly higher yesterday, but most of the gains were made in the morning on futures-related buying that helped perk up the interest of investors, brokers said. No change in fundamentals meant little movement after midday. "Movement stopped in the afternoon,"Reuter - 2,254 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration1998 1991-06-15 11 Reuter HONGKONG stock prices edged higher yesterday in a day of featureless trading with the blue-chip Hang Seng Index closing 6.60 points up to 3,639.15. Turnover was thin, as it has been all this week, with investors unwilling to enter the market before theReuter - 1,998 words
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Page 11 Advertisements
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Advertisement10 1991-06-15 11 Managers must manage. Business Times shows you how every Monday.10 words
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REGIONAL STOCK MARKETS
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Aussie shares surge as buyers return
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Article93 1991-06-15 12 INDICES TURNOVER < IllSf Fwimn June 14 SYDNEY All Ordinaries Index 1.509.0 1,495.6 13.4 All Industrials Index 2.325.X 2.310.8 150 All Resources Index 8X4 8 871.8 13.0 1 umover (million) 76.62 291 52 -214 9 BANGKOK SI T Index XI2.6X 811 <*> 1 68 Turnover (million hahtl 2.720 2.800 -8093 words
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Article822 1991-06-15 12 VUSIR.ALIAN shares closed sharplv higher on mixed buying yesterday, Brokers said the market was showing satisfaetion with the economic direetion b\ recently appointed Treasurer John Kerm and was further aided hv a stabilising local dollar and signs of a US economic recovery. The All Ordinaries Index rose 13.4 points822 words
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Article657 1991-06-15 12 JAKARTA stock prices continued to fall in slow trading yesterday, with many investors selling their shares cheaply to cut further losses, brokers said. The index touched a three months low at 379.76, falling from Thursday's 382.85. Brokers said locals started selling some shares such as Unitex and Centex, and657 words
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Article559 1991-06-15 12 PHILIPPINE shares yesterday moved sideways in dull trad* as investors marked time, waiting for the Ayala Land Inc stock offering to finish so they can divert funds to the market. The Manila Stock Exchange Composite Index dipped 0.53 points to end at 1,141.62 against Thursday's close of 1,142.15. "With559 words
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Article110 1991-06-15 12 NEW ZEALAND shares took heart from firmer prices in Australia to end higher on slightly improved turnover. "There is more interest in the market now that it has been oversold." James Lock of Forsvth Barr said. A large offshore sell order had been placed on Carter Holt Harvey110 words
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Article827 1991-06-15 12 IN BANGKOK, the stock index ended slightly higher yesterday as investors awaited the outcome of continuing negotiations on a major telephone project and authorities' investigation of a listed company, brokers said. The SET Index closed 1.68 points higher at 812.68 on a moderate turnover of 2.72 billion baht (SSIBB827 words
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Article483 1991-06-15 12 TAIWAN share prices closed slightly higher across the board yesterday, but turnover was very light as investors still lacked confidence in the market. The Weighted Index closed 42.19 points higher at 5,817.74 compared with Thursday's 5,775.55 close. Turnover was NT527.5 billion (SSI.B billion) against 23.4 billion. Dealers said the483 words
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Article823 1991-06-15 12 IN SEOUL, stock market boosting measures announced on Thursday pushed the Seoul share index up yesterday, but brokers said the buoyant mood would be short-lived. The Composite Index gained 3.66 points to 613.71 in active trade. About 8.7 million shares changed hands from Thursday's 5.6 million. Gainers outnumbered losers823 words
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Article78 1991-06-15 12 BOMBAY share prices fell sharply on Thursday after a bullish start triggered heavy profit-taking. The Bombay Stock Exchange Index fell from 1,296.22 in early deals to 1,275.15, down 13.10 points from Wednesday's close. The National Index lost 1.69 to 631.69. Brokers said Calcutta-based market players started off the selling/There78 words
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Article158 1991-06-15 12 Wellington NZ Cents VoKXW) June 14 Air NZ 147 3 53 ANZ Banking 462 7 41 Bank Of NZ 70 3 723 Bavcorp 10 1 300 Bricrieylnv 113 1 ***** Carter Holt 150 unch ***** Cavalier 185 5 85 Ceramco 125 +1 114 Cityrcalties 26 unch Corp Inv 89 I158 words
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375 1991-06-15 12 In local curreno In S$ In US$ S da\ >ear da> S vear da> vear June 13 Index changc chance change change change change World 410.2 04 14.5 -0.1 10.7 -0.2 7.5 tEAFE 536.9 02 14.2 -0.3 6.4 -0.4 3.4 Europe 437.5 -0.3 20.0 -1.2375 words
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WORLD STOCK MARKETS
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Wall Street meanders to a higher close
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Article, Illustration1243 1991-06-15 13 BLUE-CHIP stocks in New York meandered most of Thursday as many traders moved to the sidelines. Volume on the New York Stock Exchange shrank to 147.2 million shares, from 166.2 million the day before. While the Dow Jones Industrial Average closed with a gain of 3.13 points, at1,243 words
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Article, Illustration762 1991-06-15 13 LONDON share prices fell on Thursday, as poor performances on Wall Street pulled the market down, dealers said. Wall Street's 23.92-point fall on Wednesday depressed early trading in London Thursday, dealers said. When New York prices weakened again, London was further depressed. The Dow Jones average of 30 industrials762 words
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Article195 1991-06-15 13 GERMAN shares continued to consolidate in thin Thursday trading, with only smaller companies' stocks resisting the downward trend. But dealers said it was encouraging that the market ended off intraday lows and had distanced itself from the much larger drop seen in US share prices on Wednesday. The 30-share195 words
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Article407 1991-06-15 13 DUTCH shares ended a sluggish ses- sion mixed, with dealers complaining that buyers and sellers were both equally scarce. The CBS tendency index ended just 0.1 point higher at 95.3 after spending the day locked in a tight range of 95.1 to 95.5. "Volumes are very thin. It's very407 words
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Article274 1991-06-15 13 SWISS shares closed a lacklustre session on Thursday lower. Dealers said trading volume was light as investors stayed on the sidelines because of interest rate worries, which were underpinned by the rising dollar. The all-share SPI index fell 6.3 points to close at the day's low of 1,102.2 after274 words
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Article101 1991-06-15 13 PRICES on the Stockholm bourse closed broadly weaker on Thursday, mainly in reaction to strong declines on Wall Street, but Astra shares rose after the company said its anti-ulcer drug Losec was approved for wider US use. The bourse general index fell 0.25 per cent lower at 1,112.56 in101 words
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Article184 1991-06-15 13 A RECOVERY in bond prices and the stable tone on Wall Street shored up French share prices on Thursday, which trimmed losses to finish a lacklustre session hardly changed. The CAC-40 index touched a low of 1,834.10, then recovered to end at 1.847.24, down 1.87 points or 0.10 per184 words
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Article198 1991-06-15 13 ITALIAN shares shed their early gains and closed little changed in moderate volume on Thursday, but Fiat and some other industrial shares retained their lustre to the very end of the session. "Throughout the whole of the session there has been real buying as well as short covering on198 words
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Article185 1991-06-15 13 BELGIAN shares ended off the day's highs on Thursday as the market's leader, retailer Delhaize, fell back after initial strong gains. The Bel 20 index of leading shares lost 0.29 point to 1180.83. down from a high of 1184.47. Delhaize. the most actively traded share, surged after the dollar185 words
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Article352 1991-06-15 13 GOLD share prices in Johannesburg retreated further from their recent highs on Thursday, pressured by further prof-it-taking as world bullion prices slid back to under US$37O an ounce on nervous European markets. But industrials remained buoyant amid good support for quality issues. The JSE all-gold index dropped to a352 words
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Article219 1991-06-15 13 TORONTO stocks on Thursday ended a lacklustre session of narrow-range trading slightly lower with little volume, dealers said. US economic data suggesting a turnaround in the US economy sent US bond prices tumbling before a late upturn helped stocks recover. The Composite Index closed ofT 5.48 to 3,552.64, with219 words
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Article43 1991-06-15 13 Vienna June 13 Asch Akg Holding 5400 E Allgem (PreO 3750 50 Jungbunzl 9920 10 Laenderbank (Pref 671 -2 Lenzing 1510 unih Leykam 466 5 Montana Oesterr Brau 4780 20 Sempent 121 unch Steyr 406 4 1 Vei'tscher 702 -23 Source: Austrian Laenderbank43 words
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Article85 1991-06-15 13 INDICES TURNOVER NEW YORK Close Previous June 13 Dow Jones NYSE Financial S& P 500 Turnover (million) 2.965.12 152.29 377.63 147.2 2,% 1.99 152 44 376.65 166.2 3.13 -0.15 0.98 -190 LONDON Financial limes 30 FTSF 100 Turnover (million) 1,970.8 2,514.6 457.8 1.973.3 2.520.2 463.2 -2.5 -5.6 -5.4 AMSTERDAM CBS85 words
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Page 13 Advertisements
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Advertisement35 1991-06-15 13 ■■LiIJiMiJHI For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berita Mmggu, Shin Min, LianHe Wanßao call our Hotlines 740-1839, 740-1840. On target, chartpoint in BT on Saturday35 words
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CURRENCY, MONEY & FUTURES MARKETS
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1169 1991-06-15 14 REPORTS ASIA IOKYO: The US dollar yesterday closed weaker as a technical correction, triggered in late New York trading, carried over into trading here. I lie market was dominated by posi-tion-squaring ahead of the weekend and release of major US1,169 words
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477 1991-06-15 14 Reuter TOKYO Japan's shortterm interest rates are likely to remain firm in the foreseeable future, money traders and economists say. Expectation of a discount rate cut by the Bank of Japan (BOJ) has receded while the seasonal technical tightness of funds inReuter - 477 words
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172 1991-06-15 14 Reuter TAIPEI Taiwan will allow forward foreign exchange trading this year as a step towards expanding its financial markets and making Taipei a regional banking centre, a senior central bank official said. "The decision has been made in principle though some details, such asReuter - 172 words
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Article1209 1991-06-15 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Jun 91 93.76 93.77 93.76 93.77 HOO ***** 3285 Sep 91 93.41 93.44 93.41 93.42 4500 ***** ***** Dec 91 92.82 92.84 92.80 92.81 5000 ***** 7410 Vtar 92 92.63 92.67 92.63 92.64 2700 8623 2338 Jun 921,209 words
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Article407 1991-06-15 14 Cross rates June 14 USS S$ MS Dm Yen SFr AS NZS 1 l,SS I 1.7860 2.7885 1.7960 141.00 0.6105 1.5365 1.3228 1.7483 SS I 0.5599 1.5613 1.0056 0.7895 0.3418 0.8603 0.7406 0.9789 f MS 0.3586 64 05 0.6441 0.5056 0.2189 0.5510 0.4744 0.6270 -4Dm 0.5568 0.9944407 words
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Article532 1991-06-15 14 Interbank rates NS Bid Offer < Kcrni*ht 4 15/16 5 1/16 month 5 3/8 5 1/2 2-month 5 1/2 5 5/8 Vmonth 5 5/8 5 3/4 < #vermght mode. 5-1/8 t sS Bid Offer da>* 5 15/16 6 1/16 1 rmm'h 6 1/16 6 3/16 2 months 6532 words
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Page 14 Advertisements
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Advertisement7 1991-06-15 14 Innovation Technology in Business Times on Tuesday7 words
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COMMODITIES
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502 1991-06-15 15 Reuter LONDON Progress on a new eoeoa paet and looming financial problems will dominate the International Cocoa Organisation's (ICCO) meeting next week, ICCO members said. Chairman David Aninakwah and ICCO executive director Edouard Kouame will report to a special council sessionReuter - 502 words
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213 1991-06-15 15 Reuter KUALA LUMPUR The Soviet Union has honoured some of its orders for more than 10,000 tonnes of Malaysian rubber, delayed since March after Moscow failed to issue letters of credit, officials say. "They (the Soviet Union) have now opened the LCReuter - 213 words
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816 1991-06-15 15 REPORTS THE PRICE of tin eased five sen to MS 15.55 per kg on the Kuala Lumpur Tin Market yesterday on lack of buying demand. Dealers said the London Metal Exchange eased US$2O per tonne on some profit taking overnight. "On816 words
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Article1419 1991-06-15 15 Rubber June 14 MS (teb to bate*) S cents/kg Noon Close Int I RSS Prompt I46.75/147.75N 146.50/147 50N Int I RSS July 91 148.25/148.75 148 00/148 50 lni 1 RSS August 150.25/150.75 150.00/150.50 Int 2 RSS OP 146.50/148.50N 146.50/148.50N Int 3 RSS OP I44.75/146.75N 144 75/146 75N Int 41,419 words
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Page 15 Advertisements
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Advertisement11 1991-06-15 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Advertisement599 1991-06-15 15 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX; 734 <9«2 In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the Matter erf f-AIRBILT INTERNATIONAL PTE LTD (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 ol the Companies Act Chapter 50. the final599 words
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477 1991-06-15 16 Kenneth James - By Kenneth James SINGAPORE'S growing status as a regional financial centre may create a greater demand for professionals than the local market can support, according to a report on labour issues in 11 Asian economies. The latest issue of Asian Intelligence,477 words
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315 1991-06-15 16 Dexter Lee - By Dexter Lee SINGAPORE TELECOM is evaluating a possible stake in Telecom Corporation of New Zealand, which is floating 420 million shares worth about NZ$BlO million ($829 million) on world markets. But industry sources told BT yesterday that Telecom's interest in its New Zealand315 words
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180 1991-06-15 16 Reuter KUALA LUMPUR USbased Caltex Petroleum Corp has pulled out of a Petronasled sour crude train project at the Malaysian national oil company's Malacca refinery due to cost uncertainties. Caltex, which is equally owned by Chevron Corp and Texaco Inc, in 1990 signedReuter - 180 words
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370 1991-06-15 16 Reuter SYDNEY Northwest Airlines, a unit of NWA Ine, is keen on taking a stake in Australian international airline Qantas Airways Ltd and talks will be held early next month, aviation sources said. Northwest Airlines cochairman A 1 Checchi willReuter - 370 words
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Article, Illustration56 1991-06-15 16 Reuter picture CAPAS, Philippines A young girl carrying a pail of Hater on her head at an evacuation centre in this town north of Manila on Thursday. About 45,000 Filipinos who lived around the foot of Mount Pinatubo were evacuated and are now staying inReuter picture - 56 words
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313 1991-06-15 16 RECOGNISING the potential of the oil industry in the region, American oilfield equipment maker Energy Ventures Inc (EVI) will set up a plant at the Kabil Industrial Estate in Batam. Yesterday, it signed an agreement to lease two hectares of waterfront313 words
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352 1991-06-15 16 AFP TOKYO Finance ministers and central bank governors from the Group of Seven (G-7) industrial nations are to meet this month before the annual G-7 summit in London, a Japanese Finance Ministry' official said on Friday. The official said the June 22-23AFP - 352 words
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Article, Illustration363 1991-06-15 16 SINGAPORE'S first ambassador to China is 62-vear-old industrialist Cheng Tong Fatt, the government has announced. Mr Cheng, who was ambassador to Japan, will assume duty in Beijing in mid-July. He will be succeeded in Tokyo by Lim Chin Beng. who is now deputy chairman363 words
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Article, Illustration396 1991-06-15 16 Western-style democracy 'not in accord with the wish of the Chinese people' AFP BEIJING Chinese Premier Li Peng ruled out any move towards a multi-party system in China and predicted a long rule for the current leadership in an interview excerpted yesterday by theAFP - 396 words
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Page 16 Advertisements
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Advertisement6 1991-06-15 16 Ichartpointl Every Saturday in Business Times6 words
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Advertisement6 1991-06-15 16 ICHARTPOINTI Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1404 1991-06-15 17 Nirmal Ghosh - Almost every boss will accept that all work and no play makes Jack a dull boy. But some companies here are going one step further and hoping that their corporate clubs will be more than just a playful distraction. Nirmal Ghosh takes a close look Nirmal GhoshPhotos by Chris Loh - 1,404 words
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STRAWS IN THE WIND
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Article93 1991-06-15 17 SINGAPORE may have its stray dog problem but Taipei has its stray apes. According to the April issue of the BBC Wildlife magazine, the Taiwanese capital is nicknamed "mad monkey city" because of the many full-grown abandoned orangutans wandering around the streets and shopping centres. But the grim93 words
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Article, Illustration54 1991-06-15 17 SOME people catch up on the news while commuting to work. But if you happen to be at the Novotel Orchid Inn, you could also do it while taking a leak. That's because the front pages of BT and The Straits Times are displayed daily above the urinals54 words
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OPINIONS
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Article827 1991-06-15 18 Tye Kim Khiat - Tye Kim Khiat suggests how Made-in-Singapore products can gain the recognition they deserve Tye Kim Khiat The writer is a journalist who works in Melbourne IT WAS 1 am. As usual, the company driver was sending me home, 26 km out of Melbourne after a827 words
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Article, Illustration808 1991-06-15 18 Elaine Koh - Elaine Koh laments the dog's life of some circus animals like the big cats Elaine Koh The writer is a BT journalist Of all the disgraceful and abominable things making animals perform for the amusement of human beings is utterly disgraceful and abominable animals arePicture by Arthur Lee - 808 words
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375 1991-06-15 18 John Ang - LETTERS TO THE EDITOR John Ang I FULLY endorse the view of your writer Ms Loretta McLaughian (BT. June 12) that besides giving the mandatory half-year and annual reports to shareholders, listed companies must make it a point to make prompt announcements,375 words
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EPICURE
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Article447 1991-06-15 20 The choice is clear for the British, a Tea Council report reveals UPI TEA remains the No 1 drink in Britain with more than 80 per cent of people drinking an average of 3.56 cups a day, more than twice the amount of coffee consumed, the TeaUPI - 447 words
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LIFESTYLE 1
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Article, Illustration1153 1991-06-15 19 Nirmal Ghosh - Nirmal Ghosh explores the mindset of the native American Nirmal Ghosh THE native American has been all but forgotten. Only the blue-eyed Caucasianfeatured version remains the Hollywood Indian. And like Coke and blue jeans, it has become an American export, through the B-gradc westerns of thePhoto by Chris Loh - 1,153 words
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Article, Illustration740 1991-06-15 21 Jennifer Lien - Theatre Works' Writers' Laboratory may not be a resounding success, but Jennifer Lien did find some unpolished gems Jennifer Lien The Writers' Laboratory was sponsored by Singapore Press Holdings. The content was heavy, the air cold, and the audience drained. It was a long night at740 words
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Article, Illustration429 1991-06-15 21 Sybil Holloway - By Sybil Holloway BRIDGE MIROSLAW Kopowski and Wieslaw Mackowski took first place with a brilliant store ol 1.910 points (79.58 per cent) in the Sixth Epson Worldwide Simultaneous Pairs Contest 1991. In second position were Kay Harrison and JR Gilliat (1818 points), just one point429 words
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Article, Illustration844 1991-06-15 21 N K Yong - Mumm de Cramant a perfect aperitif wine By N K Yong WINE DURING my early experiences with wine, I came across a luxury champagne which 1 liked a lot. It was in the late 70s, when Dom Perignon was the only luxury cuvee known here. This bottle had the unusual844 words
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PURSUITS
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Article, Illustration985 1991-06-15 22 Jeffrey Tsang - In Singapore, water-skiing is not only alive but also growing. Jeffrey Tsang tells where aficionados abound Jeffrey Tsang ANNALS, dating back to the 17th century, tell of men balancing on floating planks while being pulled by a boat rowed by other men. But, contrary to popular belief,Photos by Jeffrey Tsang - 985 words
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344 1991-06-15 22 SURROUNDED by water and with its warm balmy weather, Singapore is ideal for water sports. When it comes to waterskiing, Ponggol is a favourite haunt of airline crew and expatriates working here and in neighbouring countries. This tiny fishing village on the344 words
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Article, Illustration713 1991-06-15 22 Jennifer Lien - Jennifer Lien finds out what's unique and healthy about two corporate canteens Jennifer Lien HEALTH equals corporate success. Companies are beginning to realise that with healthy and happy employees, they can save on huge medical bills, increase productivity and cut down on staff turnovers.713 words
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SPORTS
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Article, Illustration339 1991-06-15 23 Nirmal Ghosh - Davis Cup They were just outclassed, says Nirmal Ghosh Nirmal Ghosh THE strategy did not work. The hard workouts ensured that the Singapore boys stayed on their feet but the weather, which was supposed to give them an edge, could not make up for a basic gap339 words
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Article, Illustration334 1991-06-15 23 Yeep Wai Ban - Yeep Wai Ban looks forward to fun and sun at the Marina Bay Yeep Wai Ban IT'S THAT time of the year again when dragon boaters meet and pit their skills against each other at the World Invitational Dragon "Boat Race, now into its334 words
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Article, Illustration870 1991-06-15 23 Reynolds, TAC defy suspension by world organisation AP WHAT Butch Reynolds perceived as a victory simply by getting back into competition could cause a disastrous defeat for the United States in track and field. Reynolds, the world re-cord-holder at 400 metres and Olympic silverAP - 870 words
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SIDE LINES
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97 1991-06-15 23 LONDON Former Wimbledon champion Pat Cash whipped Australian compatriot Todd Woodbridge 6-2, 6-1 on Thursday to earn a berth in the quarterfinals at the US$5OO,OOO-Queens Club tennis tournament. Cash's victory sets up a showdown with Stefan Edberg, the world's No 1 tennis player.97 words
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Article91 1991-06-15 23 ROSMALEN, Netherlands Michael Stich of Germany and Jakob Hlasek of Switzerland decisively knocked out their opponents on Thursday to reach the quarterfinals of the Continental Grass Court Trophy tennis tournament. However, fifth-seeded US player Richey Reneberg was ousted by unseeded Diego Nargiso of Monaco. Nargiso91 words
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Article81 1991-06-15 23 LISBON Battered by a swirling wind, Soviet pole vault star Sergei Bubka failed to raise his world outdoor record on Thursday at Lisbon's Santo Antonio meet. Bubka was aiming to set a new world mark for the third time this season, but fell below the81 words
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Article108 1991-06-15 23 NEWPORT, Rhode Island With its top player nursing a' back injury and the rest of the team more suited to clay than grass, the Spanish Davis Cup team knows it's got a tough quarterfinal round ahead. But don't be surprised by some surprises, the Spaniards108 words
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Article132 1991-06-15 23 Chaska, Minnesota The death of one spectator and injuries to five others during a torrential thunderstorm on Thursday at the United States Open here transformed coverage of one of the major golf championships from a sports event into a news story. But it was a132 words
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PERSONAL FINANCE & INVESTMENT 1
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1071 1991-06-15 24 Impact of SES rejection of rights issues Last week, the Stock Exchange of Singapore (SES) indicated in no uncertain terms that it expects listed companies to be more accountable to shareholders. First, the SES delivered a stinging reprimand1,071 words
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Article, Illustration734 1991-06-15 24 Chew Eng Han - If you are thinking of investing in sterling, don't. Chew Eng Han believes the worst is yet to come Chew Eng Han THE British pound has taken a real beating in the last few days, forcing a break below the five-year major support level. At the close734 words
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Article, Illustration620 1991-06-15 24 Goh Hiang Fong - CHART By Goh Hiang Fong The writer is head of research at Lum Charts Securities After several weeks of lacklustre trading, a very interesting ascending triangle formation has emerged on the Straits Times Industrials Index (STII) chart. This is shown in Chart A.620 words
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Article, Illustration767 1991-06-15 25 Shoeb Kagda - After a false start during the Gulf War. gold is trending up again. Shoeb Kagda reports Shoeb Kagda GOLD is shining again. After languishing in the doldrums for the last six months, the yellow metal showed signs of life again this week. Gold prices soaredSource: Gold Fields Mineral Services Ltd; Picture by Gold Fields Mineral Services - 767 words
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Article, Illustration591 1991-06-15 25 Chew Eng Han - ff you are averse to currency risks, go for SDRs, says Chew Eng Han Chew Eng Han Exchange risks the perennial problem in deciding which currency to invest in. There is an instrument, however, which can help even out some of the whipsaws in the exchange market.Source: DBS Bank - 591 words
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457 1991-06-15 25 Salil Tripathi - By Salil Tripathi JARDINE Fleming is bullish about Asian and European markets for 1991-92. In its latest stock market outlook, the fund manager predicts that the two markets will outperform US and Japanese stock markets. Its optimism is being shared by Singapore457 words
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JOBS
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Article, Illustration799 1991-06-15 26 Harish Mehta - Yong Chee Min tells Harish Mehta about the rough and the rosy aspects of life as an expat in Manila. After living in the Philippines for eight years, he and his family are looking forward to coming back to Singapore Harish Mehta THE YONGS are799 words
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304 1991-06-15 26 OMRON Corp's long vacation programme for managers one to three months, on a oneshot basis was seen as a radical idea in vacation-shy Japan when it was proposed six years ago. So radical that most managers, worried about hurting their career prospects,304 words
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Article, Illustration371 1991-06-15 26 Mr Michael Goh has been appointed Managing Director (Singapore, Thailand. Indonesia and Indochina) of Federal Express Singapore. He will be responsible for both sales and operations. He was formerly Regional Manager, South-east Asia, of Federal Express, heading sales and operations for the freight and express operations in Singapore,371 words
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Article1036 1991-06-15 27 City Flight ETA Flight ETC j City Flight ETA Flight ETD Adelaide QF081 2000 SQ227 2200 MH671 1800 MH643 1730 QF082 2200 MH/SQ671 1800 SQI14 1745 "5QI9 0755 0100 2&'|4 KI*«7 Idis oiaZ SQ 115 2005 S Q ,1S 1945 KL837 111® 5(138 2145 MH617 20501,036 words
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THE TRAVEL PAGE
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Article, Illustration778 1991-06-15 27 David Sanger - LETTER FROM SHIMABARA By David Sanger FOR more than a century, almost no one in this ancient seaside town ever paid much attention to the Anyoji Temple, a quiet Buddhist sanctuary built in memory of the 15,000 people who died here in 1792, when778 words
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Article151 1991-06-15 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.345 1.365 Canadian dollar 1.550 1.5800 NZ dollar 1.010 1.0400 Sterling pound 2.920 2.9500 US dollar 1 7850 1.7950 IjOcaJ dollars to 100 units of foreign currency Austrian schilling 13.90151 words
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TRAVEL SLICES
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78 1991-06-15 27 IF YOU WANT detailed weather information in the United States, Conde Nasi Traveler magazine recommends the reports manned by USA Today and American Express. These hotlines arc said to be better than the free service line sponsored by local advertising agents. They are also78 words
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Article88 1991-06-15 27 KAOHSIUNG may be the industrial centre of Taiwan but it is still possible for visitors to enjoy its sights. Although less than scenic, the aerial view of Kaohsiung Harbour one of the world's top 10 in terms of size is quite breathtaking. But if industry is88 words
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Article80 1991-06-15 27 FOR A short getaway, why not go to Langkawi's Pelangi? The resort sprawls 10 ha of unspoilt beach. There are many kampong-styled chalets with some of them built along man-made lakes. There is also a Pelangi lounge and a Spice Market restaurant which offers a sumptuous spread of80 words
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Article63 1991-06-15 27 AND TO REALLY get away from it all, Condi' Nasi Traveler maga/inc recommends the Loonsong Mountain Lake Camp in Alaska. It is surrounded by about 91,000 ha ot wild land in Kachemak Bay State Park. Alaska's only state wilderness park. A log cabin is available for63 words
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Article193 1991-06-15 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser June 9-16 Po/nan Ho/nan. Foire *****1221 July I Kuwait: Hilton Asian Investment **********8 International Poland Internationale Opportunities In International: Conferences Fair De Poznan Reconstruction Jakarta (Pte) Ltd June 13-16 International Padua, E.A Fiere Di ********** Jul > 2193 words
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TIME OFF
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Article194 1991-06-15 28 Hello Dolly! Musical comedy which tells the story of Dolly Levi, a hustling, mettlesome matchmaker, who stirs up a storm in the colourful New York of the Gay Nineties. Kallang Theatre. June 7-16 (except June 10) at Hpm The Nose A Singapore short film about a young man who194 words
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Article, Illustration224 1991-06-15 28 K Jayanti - Compiled by K Jayanti Decor Arts International Latest collection of mixed media prints and collages are on display. Depth and richness are seen in the exhibits. Decor Arts Galleries. #03-33 Centrepoint. #04-04 Wisma Atria and #04-54 Far Fast Plaza. Mon-Sat 10.30am--8.30pm, Sun I lam-6.30pm. On till June 22. Singapore:224 words
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Article, Illustration715 1991-06-15 28 Awakenings. Robert de Niro does some hand and leg work 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 to715 words
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Page 17 Advertisements
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Advertisement8 1991-06-15 17 The way to a worker's heart, EL 68 words
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Advertisement252 1991-06-15 17 y- 'ai. twnw'isi' EXPRESS SHARELOAN I The <•« way of turning shares into i •i' t J/it.f. J E :f|. (g) E MONO LEONG FINANCE UWTED SINGAPORE FINANCE UNITED [1 *****33 *****33 M HLFOTI2 ye n *<• 'Vt'i* v- .-v*, TH E BURBERRY LOOK r 0» IV s f £«A±-T:A252 words
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Page 18 Advertisements
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Advertisement164 1991-06-15 18 BUILT ON STRONG FOUNDATIONS mhHluh i»fITH i JlMr f uHBi ml f[{ yfcflV Private Portfolio Management I ondon is the world's centre for international SLRVICLS LOR OLR PRIVATI investment management. Based in the II.IF NI S INC I I '1)1 heart ot the City of London, with ils Cilohal Luuitv164 words
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Advertisement29 1991-06-15 18 BT welcomes letters from you. Address them to: The Editor, Business l imes, l imes House, 390 Kim Seng Road, Spore 0923 I .etters should include your contact numbers.29 words
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Page 19 Advertisements
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Advertisement91 1991-06-15 19 COOL. COOLER. For around 400,000 dollars less than .1 Porsche 'Ml, you can acquire something much cooler. I he Eleetrolux mini Cool. Totally noiseless. Available in black, white, grey or brown, to complement the decor m your office or in your living room or bedroom at home. To order this91 words
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Page 20 Advertisements
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Advertisement130 1991-06-15 20 WHEBE TO WINE, PINE AND ENTERTAIN WHERE TO WINE, PINE AND ENTERTAIN WHERE TO WINE, PINE 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 KG130 words
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Advertisement318 1991-06-15 20 I PLUM'S ***************1111 l SEAFOOD EXTRAVAGANZA June 14th 30th 1991 The ocean's catches are yours for the picking at Plum's. From clams to crabs, from squid to scallops, the choices are endless. In addition, there are even double return air tickets with accommodation at our sister properties in Hyatt Regency318 words
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Advertisement339 1991-06-15 20 Here's Dad! Treat Dad lo a sumptuous set meal al Seafood Thealre Restaurant. where Dad will sland lo win a Hudweiser Beer Hamper. Make reser\alions at 2<)B 0011 e\t 8605 today. I 5 persons Sloo++ (i 7 persons :SlBo++ K 10 persons: 5260 ,-s ——a-, Plaza Hotel *oooomom siNG*«>o»t Lpcxnow*339 words
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Advertisement297 1991-06-15 20 FATHER'S DAY 16 JUNE 1991 a. i xSy V\U Fatkis£XEslPT from till. M 52, m <£%&&& Restaurant )9tk floor t M For reservations, please call *****11 ext 721 UD &tfwporf btk trite* rfcapßwv »3 Orchard Road Singapore 0921 Td *****11 \^j From June 1 to 30 Cafe Vanda presents... /INTERNATIONAL297 words
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Page 20 Miscellaneous
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Miscellaneous24 1991-06-15 20 k •}»>». A 0- <w*J V-V# P i V -Wi I I 4 4 4 4 v f!uuz)m (fx f8?MW& .iMVl fc&i i l i24 words
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Page 21 Advertisements
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Advertisement203 1991-06-15 21 AND ENTERTAIN Family FunSrunch zdjm i Make it a family outing with a scrumpv\ 4*%■ 7. tious Sunday buffet brunch at Hubertus Grill. A whole array of choice delicacies for adults. Cartoons, toys and fun for the kids. Adults $31 Kids $19+ ANA HOTEL :%übrtt«<®ntt SINGAPORE 16 'OPS Wo* m203 words
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Advertisement21 1991-06-15 21 KEEPING CLASSY COMPANY USTEN TO WINDHAM HILL COMPACT DISC CASSETTES DIFFERENT FROM THE REST Marketed by PONY CANYON SINGAPORE Tel *****9221 words
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Page 22 Advertisements
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Advertisement130 1991-06-15 22 "THE LIFE OF LAW IS EXPERIENCE" (Mr Justice Holmes) Studying for a Law degree is not just about memorising cases and (understanding the Law. s ab u i°9' c something many people lack is ab °ut reasoning something required in all aspects of lite It is about effective communication something130 words
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Page 23 Advertisements
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Advertisement38 1991-06-15 23 H k^v/^^H The art of writing. MONT BLANC Available at Cortina Watch Centre Pte Ltd <■ ,n.v entre Nanking Watch A Jewellery »0i 20 Luckv P'aza Thong Hiap Pte Ltd p ..m bv trv Offenbach #01-29 30 Paragon fc38 words
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Page 23 Miscellaneous
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Miscellaneous67 1991-06-15 23 DOONESBURY BY GARRY TRUDEAU IF YOU PONT WWtup u l €PB THAT'S !T--66TAJO0, ALBX. S TUJ66NJOOS. HB'li, I CROUJS DC&> NOMCPS UJd'LM HONeY, UJe'RZ 3 «EIS Be WOPXJH6 AGAIH, J V A///7 S7EW£Af STARVB! NOTGOING JUST AS SOON AS Ha A pttjCK 6&T HNOFetDTHCSUN TO ?rOFVE... j FTNX A JOB67 words
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Page 24 Advertisements
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Advertisement471 1991-06-15 24 JOIN JIIUS& IWWIN! BT lnvestment Raco Contest #3 Now you can put your skills to work. Complete the Entry Form below, fill in your Investment Portfolio, and together with your $100,000 worth of Money Coupons (which you would have already collected from June 10 t014,1991 in Business Times), post them471 words
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Advertisement104 1991-06-15 24 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available U.S4 BAHAMAS 900 8.V.1 950 COOK ISLANDS 1600 DELAWARE 295 GIBRALTAR 500 HONG KONG 225 IRELAND 400 •ISLE OF MAN 450 JERSEY 900 LIBERIA 1050 MADEIRA 3750 PANAMA 800 U.K. LTD 240 WESTERN SAMOA 750104 words
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Page 25 Advertisements
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Advertisement452 1991-06-15 25 I wmmmmmmmmmmmm LOAN The eA4u4t way of turning shares into maA <m t&e &fcot No Ot Points TKE GIFTS* Quick and Easy. Get instant cash for your shares 1 over the counter at any of our 28 branches I < ?«»>»»,am. vg>M 6 i Ptrtps Solar Calculator Loans from $2,000452 words
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Page 26 Advertisements
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Advertisement426 1991-06-15 26 u 1 N s T 1 M E s TELEPHONE:;73O-5771/5772/5773 FAX: 734-4982 AAA rated SINGAPORE I The Singapore Branch of BAYERISCHE LANDESBANK is recruiting a Senior Regional I Marketing Executive I A banker is required with the experience, initiative and ability to market the Bank's range of wholesale products to426 words
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Advertisement185 1991-06-15 26 DHL IN THE NEWS Advertisement DHL MOVES TO AIR EXPRESS CENTRE A new $13 million high state-of-the-art automated staff strength. tech building at No. 1, Tai features including a two-tier With all these latest Seng Drive, is DHL's new Air conveyor belt for its sorting developments, DHL will be Express185 words
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Page 27 Advertisements
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Advertisement42 1991-06-15 27 When it comes to flying to Munich, no other airline comes Klaus to Finnair. Because Finnair flies twice-weekly from Singapore direct to Helsinki then onto over 30 European destinations. Call *****77 for details. %F//SINf9IR We know Europe from start to Finnish. j42 words
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Advertisement41 1991-06-15 27 Sembawang tomorrow's superstar MNC? 1 Batam's big believer jyi vfJ The tempting food business ■W Ajk||K' f| Scotts group's growing pains vjf\ Charcoal sweat-ships ln search a 9 reen lilriSnl 9 Investment spotlight on Jardine Matheson and United Industrial Corporation JUNEI99I41 words
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Page 27 Miscellaneous
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Miscellaneous255 1991-06-15 27 6 Make the first choice 8 Somehow I accept mm VBi The Ring an ac- H|[ _H(__ cent (6) 9 One getting into a belt of turbulence might welcome HH HH jßffTo j this vessel(X) HI Hi —1| m mi jhh_ ill dalise figures (6) n4 12 Had included rebel255 words
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Miscellaneous188 1991-06-15 27 m Asia-Pacific Hi/Lo* Cond. Auckland 16/10 Fair Bangkok 32/25 Showers Beijing 27/18 Showers Brunei 33/25 Showers Hongkong 32/24 Warm Jakarta 32/24 Fair Kuala Lumpur 34/24 Showers Manila 35/25 Fair Melbourne 15/09 Sunny Perth 18/14 Cloudy Seoul 25/18 Fair Sydney 21/17 Showers Taipei 32/26 Fair Tokyo 26/18 Showers Wellington 19/10 Sunny188 words
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Miscellaneous26 1991-06-15 27 Ci f TUG moment I SAW we£ i\ VOL) SEEN Miss y \FE.LT My HACXL£S RISE TH€LNeJU)Te.MP.P y 6447 t EVENING STANOARO CO. LTD 1962-1991 &TcXlU^26 words
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Page 28 Miscellaneous
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Miscellaneous1635 1991-06-15 28 TODAY'S TV The m AM Quran Reading. School for Scandal, 4.30pm, W W 8.00 One* Upon A Fable. An Indonesian comcdy about SBC 12 4b 8.30 Mouserdse. a midget who him- This 1777 play has been a k L i 2 m selt (with the aid ofa suitcase box-otTice hit1,635 words
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Miscellaneous543 1991-06-15 28 movies on TV Revenge, Mon, Bpm, SBC 12 vester, the film is directed by Greer Garson is a normal Stanley Kubrick, schoolteacher. Her fiance gets UntMchaWe Tfe, i0.30p«, killed brutally by the town s cfU e No 1 killer. Distraught, she applies all sorts of psycholog- y° u haven t543 words
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