The Business Times, 24 August 1991

Microfilm: NL17608
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 16/12/90 Weekend Edition, August 24-25 1991 75*
    11 words
  • NEWS & MARKETS SUMMARY
    • Article
      Dow at record high
      49 1 NEW YORK Stocks moved to record highs yesterday morning in response to strong new signs of growth in the US economy. By 1500 GMT, the Dow Jones Industrial Average had shot up 33.99 points to 3,041.37, breaking its previous record of 3,035.33 on June 3.
      49 words
    • Article
      Footsie higher
      35 1 LONDON- SHARES were higher at midday yesterday. Brokers said that light buying demand and an absence of selling boosted stocks. At 1115 GMT, the FTSE 100 index was up 10.9 points at 2,633.9.
      35 words
    • Article
      Three more lawsuits filed against Salomon
      61 1 WASHINGTON Salomon Inc said three more class action suits had been filed against it and its top executives, alleging violations of federal securities laws and Treasury auction regulations. The latest cases were filed in the US District Court in Manhattan, the company said in
      61 words
    • Article
      CAL stops flights to Vietnam after 2 days
      40 1 TAIPEI Taiwan's flag carrier China Airlines (CAL) abruptly suspended services to Vietnam yesterday, two days after its first commercial flight to the country since the end of the Vietnam War in 1975.
      40 words
    • Article
      Battle in MUI soon?
      46 1 THE STAGE is set for a proxy fight in Malayan United Industries with Beijaya Corporation boss Tan Sri Vincent Tan Chee Yioun expected to raise his interest in the conglomerate to near the takeover trigger level of 33 per cent. Back page
      46 words
    • Article
      Aussie silk for Knight
      32 1 GLENN KNIGHT, who has been charged with cheating, attempted cheating and five counts of giving false information, has brought in an Australian silk to defend him. Page 2
      32 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 672.67 -6.64 Kuala Lumpur —543.49 -10.16 Tokyo 22,065.34 -450.43 Hongkong 4,021.02 -24.55 Sydney 1541.2 -11.9 Thursday Change New York 3,007.38 +5.59 London 2,623.02 +21.1
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.7230 100 Yen SS 1.2600 MS SS 0.6197 Money market rates Overnight 5-1/8% +5/16 3-month 5-1/16% unch
      22 words
    • Article
      COMMODITIES
      38 1 London GoM AM fu USS354.40 -USS2.10 Rubber S'pore Sep 138.00*/kg -0.50 M'sia Sep 225.50*/kg unch KL Tin Turnover 88 tonnes +18 Spot MS 15.33 /kg +0.12 Crude palm oM Turnover 2,853 lots +182 Sep MS809 /tonne -15
      38 words
  • Article, Illustration
    Lock icon Khamis selling Marina Village for $73m
    553 1  -  Indon businessman Tjetty using S'pore firm to take over property By Lee Han Shih and Dawn Tan A 573-MILLION DEAL signed on Thursday will see Moroccan businessman Elyamani Khamis exiting from the centrestage of Marina Village. His role will be taken over by Mr
    photo by Arthur Lee  -  553 words
  • Article
    Lock icon Soviet Communist Party comes under pressure
    415 1 Aftermath of the Soviet coup Reuter MOSCOW The Soviet Communist Party came under siege yesterday following the failed coup that briefly removed President Mikhail Gorbachev from power. The Communist Party headquarters was sealed with Mr Gorbachev's approval, and Russian President Boris Yeltsin suspended the
    Reuter  -  415 words
  • Article
    Asian stocks retreat on profit-taking
    149 1 ASIAN share prices weakened yesterday as profit-tak-ing and bearish factors at home replaced the buying frenzy following the failed coup in the Soviet Union. In Singapore, the key Straits Times Industrials Index declined 17.32 points to 1,394.69. Singapore Electronic and Engineering Ltd, making its debut
    149 words
  • Article
    Support Chok Tong, send signal to investors: Lee
    511 1  -  General Election '91 By Anna Teo SENIOR MINISTER Lee Kuan Yew last night called on Singaporeans young and old to send a strong signal to investors by giving their unstinting support to Mr Goh Chok Tong on Polling Day. While younger Singaporeans
    511 words
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      112 1 Nikon TtwWbrtd'ftßnNt PlMojmpNc Sytfam. COVER A question traction. EL 1 Arcraft Schedule EL 11 Commodrties 15 Company News 3,4 Cryptic Crossword EL 11 Executive Jots EL 10 Futures Options 14 Interbank Fore« Rates 14 Home News 2 KLSE 10 Money Changer Rates EL 11 Money Market 14 Regional Stock Markets
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      17 1 OPINIONS Losing more than tribes and trees. EL 2 More stories, Pg 7 More trouble brewing?, EL2
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      243 1 Boy George: doser Wynton Marsalis: i re-examining his t roots. EL 6 Christiania brings in QC for Khamis case, Bk Pg The movement of a watch is dust, din and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a totally secure protection for the highest mountains,
      243 words
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      9 1 PURSUITS Inhabitants of a dangerous world. l EL 7
      9 words
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      22 1 Nikon FINANCE Stockpicker, stockpicker, where have you been? EL 8 Fight for Eunos takes oft, Pg 2 Lesson from Soviet coup, Pg2
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      10 1 JOBS Do CEO salaries in S'pore make sense? EL 10
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  • HOME NEWS
    • Article, Illustration
      PM gets pledge of support from 16 Malay-Muslim bodies
      441 2 General Election '91 Fight for Eunos GRC begins in earnest THE FIGHT for the hotly contested Eunos GRC took off last night with Prime Minister Goh Chok Tong winning a pledge of support from 16 Malay-Muslim bodies as the Workers' Party
      441 words
    • Article
      No plans to topple government, says WP
      276 2 THE Opposition does not seek to topple the goverment or to rock the boat, said Workers' Party candidates at a rally in Eunos GRC last night. The role of the Opposition, they said, is to act as a check against the elected goverment.
      276 words
    • Article, Illustration
      Strong Opposition in Parliament needed: SDP
      453 2 THE recent crisis in the Soviet Union is a lesson for Singapore in that it shows the need for a strong Opposition in Parliament, says Singapore Democratic Party (SDP) candidate Ashleigh Seow. Mr Seow was speaking at a rally in the Ulu Pandan constituency,
      453 words
    • Article
      UOL to woo tenants for Odeon Towers soon
      309 2  -  By Colin Tan UNITED Overseas Land (UOL) will officially market its $100 million Odeon Towers in North Bridge Road on Wednesday. Located at the former Odeon cinema site, for which UOL paid Cathay Organisation $27 million back in 1983, the 23-storey building
      309 words
    • Article
      QC to defend Glenn Knight
      336 2 AN Australian silk is being brought in to defend Glenn Knight, Singapore's former top white collar crime buster who has been charged with cheating, attempted cheating and five counts of giving false information. Queen's Counsel Roy Hallaway was admitted to the Singapore bar yesterday by
      336 words
    • Article, Illustration
      BG Lee links economic growth to welfare plans
      756 2  -  Reports by Yang Razali Kassim, Shoeb Kagda, Genevieve Cua, Lilian Ang, Schutz Lee, Selva Kumar and Chew Eng Han DEPUTY Prime Minister Lee Hsien Loong yesterday said economic growth was needed to generate the wealth that would enable the government to implement
      756 words
    • Article
      Singapore trade mission to visit east Indonesia
      192 2 A DELEGATION of 26 companies from Singapore will be in east Indonesia for five days next week to explore business opportunities there. The mission, the fourth to be led by the Trade Development Board to Indonesia since 1989, will visit Surabaya in east
      192 words
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  • COMPANY NEWS 1
    • Article
      Renong meets M$80.2m profit forecast
      466 3  -  Company posts huge rise in extraordinary gains to Ms6lBm By William Chia RENONG Bhd, which has been transformed from a lit-tle-known property company into a diversified conglomerate, has just met its profit forecast with a pre-tax profit of M 580.20 million (5549.7 million) for the
      466 words
    • Article
      Faber Group returns to financial health
      371 3  -  By Magdalene Ng AFTER two aborted financial restructuring proposals and eight years of losses, Faber Group got lucky the third time round. The reconstructed hotel group returned to financial health, posting group net earnings of M 535.41 million in the year ended June 30.
      371 words
    • Article
      Seel's foreign ownership reaches maximum level
      315 3 SINGAPORE Electronic and Engineering (Seel) saw its foreign ownership level reach the maximum 15 per cent on the very first day it was traded on the main board of the Stock Exchange of Singapore. Following this, the SES issued a statement which said that
      315 words
    • Article
      SAE set to announce its public offer
      225 3 SINGAPORE Automative Engineering (SAE), which was recently granted an inprinciple approval for listing on the main board, is expected to announce its public offer on Monday. The Singapore Technologies subsidiary said yesterday that it would make a "major announcement" that day. It added
      225 words
    • Article
      Guinness Anchor posts heady earnings
      229 3  -  By Lee Han Shih HOT WEATHER and price increases have helped Malaysian brewery giant Guinness Anchor Bhd boost its already impressive performance in the six months ended June 30. Turnover in the period rose 183 per cent to M 5257.4 million (Ssl6s million), while pre-tax
      229 words
    • Article, Illustration
      HIP plans more overseas acquisitions
      256 3  -  By Sylvia Wong WITH $34 million cash in its coffers, HTP Holdings part of the Jack Chia-MPH group is eyeing more overseas acquisitions. Chairman Jack Chia says HTP is currently examining several possibilities to use up the money left over from the sale of its
      256 words
    • Article
      Farnings of related companies soar
      551 3 UNITED Engineers (M) Bhd, in which Renong Bhd has raised its stake to 38.69 per cent, posted a 16 per cent rise in group earnings to M 544.70 million for the halfyear ended June 30, in line with the board's expectations. Group profit before tax
      551 words
    • COMPANY BRIEFS
      • Article
        Malaysia's Southern Acids makes good debut
        87 3 MALAYSIA'S Southern Acids (M) Bhd, which made its debut on the Kuala Lumpur Stock Exchange yesterday, traded between a high of M 56.45 and a low of M 55.75 before closing at M 55.90. This was a M 52.40 premium over its issue price
        87 words
      • Article
        Robinson's dividend payment
        40 3 BARRING unforeseen circumstances, Robinson Co Ltd expects to maintain the amount of dividend paid the previous fiscal year. Robinson will pay dividends depending on the commercial and financial circumstances prevailing during the year ending June 30, 1992.
        40 words
      • Article
        Singatronics unit incorporated
        41 3 SINGATRONICS Ltd has incorporated a wholly-owned subsidiary to hold all technology-based investments of the group. The subsidiary, called Singatronics Intek Holdings Pte Ltd, has an authorised capital of $50 million and an issued and paid-up capital of $2.
        41 words
      • Article
        East Asiatic Co does better
        74 3 THE EAST ASIATIC Co (M) Bhd has reported a 10.8 per cent rise in its group pre-tax profit to M$ 17.23 million for the six months ended June 30, against M$ 15.55 million a year ago. Group net sales jumped 20.5 per cent to M$
        74 words
      • Article
        UMBC's listing plans
        38 3 UNITED MALAYAN BANKING Corp Bhd, a member of the Pernas Group, intends to get listed on the KLSE soon after the current financial year ends, if not sooner, chairman Datuk Mohamed Ghaus Badioze Zaman says.
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      • Article
        Golden Plus' profit up 80pc
        73 3 GOLDEN PLUS Holdings Bhd's group operating pre-tax profit rose 80.2 per cent to M 54.57 million for the half-year ended June 30, from M 52.54 million a year earlier. Its unaudited results showed group turnover slipped 2.1 per cent to M 528.26 million from M
        73 words
      • Article
        Alcom profit soars
        57 3 ALUMINIUM Co of Malaysia Bhd has reported an increase of 142.5 per cent in its consolidated pre-tax operating profit to M 55.22 million for the half-year ended June 30, against M 52.15 million a year'ago. Its unaudited financial results showed turnover rose 19.3 per cent to M$
        57 words
      • Article
        Tibs resumes trading on Sep 2
        66 3 TRANS-ISLAND Bus Services Ltd said yesterday that its restructuring had been completed and that its shares, suspended since Aug 22, will resume trading as Tibs Holdings Ltd on Sep 2. Shareholders who have not deposited their Tibs shares with the Central Depositary must register
        66 words
    • Article
      Lock icon Honda's 2nd quarter pre-tax profits up 6.3 pc
      338 4 AP TOKYO Japan's Honda Motor Co said on Thursday its pre-tax earnings rose 6.3 per cent in the April-June quarter over the previous year, mainly due to higher revenues and lower manufacturing costs. Net sales during the period totaled 1.15 trillion yen
      AP  -  338 words
    • Article
      Saha group to expand into food, textiles and hi-tech goods
      365 4 BANGKOK Thailand's Sahapathanapibul Group, which posted a 1990 group turnover of more than 30 billion baht (Ss2 billion), will continue its backward-inte-gration expansion into food, textiles and high-technology sectors, The Nation has reported. The conglomerate, comprising more than 200 companies
      365 words
    • Article
      Lock icon Scandinavian Airline posts record half-year deficit of 1b kronors
      354 4 FT STOCKHOLM Scandinavian Airline Systems (SAS) on Thursday revealed a record half-year deficit, with the carrier losing 1.05 billion kronors (Ss2B6 million) before extraordinary items for the first six months of 1991. All areas, except duty-free operations, reported losses. Sales increased
      FT  -  354 words
    • Article, Illustration
      Lock icon General Cinema may sweeten Harcourt offer
      362 4 NYT NEW YORK General Cinema Corp is expected to sweeten its offer for Harcourt Brace Jovanovich, the distinguished but debt-ridden publisher, and to give more money to Harcourt bondholders who rejected the company's earlier bid, people close to the negotiations said on Wednesday. They
      NYT  -  362 words
    • COMPANY BRIEFS
      • Article
        Atlas to suspend work on copper mine in Cebu
        106 4 NEW YORK Atlas Consolidated Mining and Development Corp Ltd said it is temporarily suspending development work on its Carmen Underground Project copper mine in Cebu in the Philippines. Atlas said the suspension, effective Sept 1, is "due to adverse economic conditions,"
        106 words
      • Article
        Tandy earnings drop sharply
        91 4 DALLAS, Texas Tandy Corp, as expected, reported a sharp drop in earnings on Thursday for the final quarter of its 1991 fiscal year. Tandy, hit by slow sales at its Radio Shack stores, weak demand for personal computers, and a one-time charge of US$9.B million (S$
        91 words
      • Article
        Ashton expects lower profits
        83 4 MELBOURNE Diamond and gold producer Ashton Mining Ltd said it expects profit for calendar 1991 will be below 1990's A 532.04 million (5543.6 million) result. Ashton reported a 79.7 per cent slump in net profit for the six months to June 30 to $3.49 million because
        83 words
      • Article
        Akzo confirms deal with banks
        74 4 ARNHEIM, Netherlands Chemical group Akzo NV said it reached agreement on unsecured debt in former subsidiary La Seda de Barcelona SA with all nine banks involved, ending its involvement with the troubled Spanish fibremaker. The deal is a payment of 3.7 billion pesetas (5558.2 million),
        74 words
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      214 3 in The Straits Times Weekly Overseas Edition. Acrisp summary of happenings in Singapore. Politics, the economy, investment opportunities, appointments... '*s|gjjpk And snippets on Malaysia and v Asean. > i A convenient tabloid delivered to you everyweek, whereever you may be. Subscribe now. \^§j3P|And be in touch. The StraitsTiines Making an
      214 words
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      362 4 Business Times your candidates for Singapore's most prestigious business accolades IN 1985, BUSINESS TIMES, a business daily published by Singapore Press Holdings, and DHL WORLDWIDE EXPRESS, a leading international air express company, came together to organise an award scheme to honour Singapore's most successful businessman. The Businessman of the Year
      362 words
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  • FINANCIAL NEWS
    • Article
      Lock icon British insurers face £1b loss through mortgage defaults
      370 5 FT LONDON Defaults on UK domestic mortgages could lead to losses of nearly £1 billion (552.9 billion) this year for British insurers, judging by figures from Eagle Star. The industry is already reeling from subsidence, theft and recession-related claims. Eagle Star, the
      FT  -  370 words
    • Article
      Lock icon Top borrowers review dealings with Salomon
      409 5 FT LONDON Some of the world's leading borrowers are reviewing their relationships with Salomon Brothers, the US investment bank, as a result of the firm's involvement in rigging several US treasury market auctions. Salomon is struggling to minimise the effects of the scandal, but
      FT  -  409 words
    • Article, Illustration
      Bullish outlook for greenback
      548 5 DBS Bank weekly currency review 3 US$/Dm: Soviet coup... n The volatility of the US doli:> lar increased tremendously this week as a short-lived r coup in the Soviet Union t rocked the foreign exchange markets. The US dollar closed above 1.7600 marks last Friday, but
      548 words
    • Article
      Aussie bank raising US$75m loan
      189 5 SINGAPORE KEB Australia, a wholly-owned subsidiary of Korea Exchange Bank, signed an agreement earlier this week to raise a US$75 million loan facility from a group of financial institutions based in Singapore and Hongkong. The loan facility, structured as a Euro-commercial paper/Euro-certificate deposit programme, was
      189 words
    • Article
      Lock icon Two groups bid for Mexico's prized state-owned bank
      357 5 Reuter MEXICO CITY Two titans of Mexican business clashed yesterday over Mexico's largest state-owned bank and powerhouse of its financial sector. The two groups are competing in the sale of Banco Nacional de Mexico, or Banamex. And when the winner is announced
      Reuter  -  357 words
    • Article
      Lock icon Denmark's two biggest banks turn in higher profits
      273 5 AFP COPENHAGEN The two biggest banks in Denmark, Den Danske Bank and UnibankDanmark, have reported improved profits. Den Danske Bank, the country's biggest bank, made a pre-tax profit for the first half of the year of 1.518 billion kroner (SS39O million), four
      AFP  -  273 words
    • SMALL CHANGE
      • Article
        Hang Seng Bank profit up 22pc
        119 5 HONGKONG Hang Seng Bank Ltd said on Thursday that its consolidated after-tax profit for the first six months of this year was HK5794.1 million (S$ 174.7 million), up 22 per cent over the same period in 1990. The Hongkong-based bank said it would pay
        119 words
      • Article
        Belgian banks' results improve
        73 5 BRUSSELS Belgian banks have finally started reversing a downward trend in their profit margins, said Belgium's Banking and Finance Commission president Jean-Louis Duplat. "For the first time in years the downward trend is reversing. The latest figures... for the period up to June 30 show that
        73 words
      • Article
        New Credit Lyonnais unit
        105 5 ROTTERDAM Credit Lyonnais SA has decided to create a new unit to group its entertainment financing activities, now mostly conducted through its Dutch Credit Lyonnais Bank Ncdcrland NV (CLBN) subsidiary, CLBN said on Thursday. The new unit's portfolio does not include loans made to back financier
        105 words
      • Article
        Mellon sees more acquisitions
        105 5 PITTSBURGH Mellon Bank Corp expects to follow up its purchase of United Pcnn Bank from Midlantic Corp with more acquisitions in Pennsylvania and adjacent markets, said Richard A Gaugh, Mellon vice-chairman of retail banking for the bank holding company. "We are in the acquisition mode," he
        105 words
      • Article
        Bourses study new Euro system
        106 5 BRUSSELS The Federation of European Stock Exchanges is studying a project to replace the failed Euroquote scheme, Brussels stock exchange chairman Jean Peterbroeck said on Wednesday. He told a news conferenre that he regretted Euroquotc's failure and said the federation had set up a working
        106 words
    • Article
      Lock icon KL banks face thinner margins
      482 5 MARKET TALK MBT KUALA LUMPUR Financial institutions in Malaysia expect the narrower spread between their deposit and lending rates to affect revenue this year. Bankers and finance company managers see the thinner margins caused by firming interest rates eating into their operating profits. Officials of
      MBT  -  482 words
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      8 5 US Treasury sends tough message to dealers, EL2
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      126 5 v w mt HHI L li i Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on Essential information accessible every business day your money. trough Business Times. In the same
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  • THE REGION/THE WORLD
    • Article, Illustration
      Lock icon Ginandjar warns of electricity rationing
      535 6 IHT JAKARTA Indonesia's booming industrial sector is becoming a victim of its own success, as increasing demand for power has combined with a drought to force dozens of foreign companies to cancel or delay investment plans, officials said on Thursday. They warned that electricity supplies
      IHT  -  535 words
    • Article
      Lock icon US govt rejects 2 GSP petitions against M'sia
      326 6 Bernama KUALA LUMPUR The Bush administration has rejected a petition against GSP status for Malaysia on the basis of alleged Malaysian violation of workers' rights, Minister of International Trade and Industry Datuk Seri Rafidah Aziz said on Thursday. It has also rejected
      Bernama  -  326 words
    • Article
      Lock icon PECC urges faster removal of textile trade barriers
      295 6 Bernama KUALA LUMPUR The Pacific Economic Co-opera-tion Conference (PECC) has called on member economies to take the lead in dismantling trade barriers for textile and clothing at a faster pace than that adopted in the Multi-Fibre Arrangement (MFA) phase-out. This was one
      Bernama  -  295 words
    • Article
      Lock icon Rise in US jobless claims increases pressure on Fed to lower interest rates
      480 6 AP WASHINGTON A surprising surge in unemployment claims this month has many analysts convinced the Federal Reserve must lower interest rates further to keep the US economy from relapsing into recession. The Labour Department said on Thursday
      AP  -  480 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      509 6 toui 1ly W» B»H> kiint Dqartift Had Wg Hi Bflti hm* Bggw Marina Terminal 1 Swfcwini Terminal Batamndo 1 85S M02 23.08/1700 Chenan 2S S02 abngsxle 23.08/2330 Brast* 1 33/91 M02 alongside 23.08/2300 Sinfa ***** S03 alongside 25 08/1830 Btm Bahama *****1 M04 alongside 23.08/2300 Suyang 5/91
      509 words
    • Article
      CONTAINER SCHEDULE
      1015 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rrits SNp Voy No Etb/Btr Period From To From Aka Bhum 519N 26/2000 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 Mariyaii 55A 26/1200 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 A* aid 914 25/1600 2 23/1700
      1,015 words
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  • THE WORLD 1
    • Article, Illustration
      Lock icon Has Gorbachev lost touch with reality?
      556 7 Aftermath of the Soviet coup Reuter LONDON The aftermath of this week's failed coup by Soviet Communist hardliners has left commentators in East and West asking whether President Mikhail Gorbachev has lost touch with reality. Both in Moscow and in Western governments and newspapers,
      Reuter  -  556 words
    • Article
      Lock icon Baltic states closer to full independence
      544 7 West now more inclined to grant diplomatic recognition Reuter BONN The Soviet Union's breakaway Baltic republics appear closer to gaining full independence after this week's failed Soviet coup which weakened Western resistance to granting them diplomatic recognition. Germany, the closest Western ally of Soviet
      Reuter  -  544 words
    • Article, Illustration
      Lock icon Where similarity with Tiananmen ends
      633 7 FT LONDON Parallels between the events in Moscow and those of June 1989 in Beijing have ended abruptly, but the resemblance was not lost on those Chinese who, despite minimal and highly selective coverage of the Soviet drama by the state-con-trolled media, were able to
      FT  -  633 words
    • Article, Illustration
      Lock icon Failed coup may lead to more foreign investments in long run
      642 7 NYT NEW YORK The failed coup in the Soviet Union caused a few hiccups in Moscow's business ties with the West but it may well lead to a more rapid expansion of foreign investment in the long run. The
      NYT; Source: Institute for Comparative Economic Studies, Vienna  -  642 words
    • Article
      Lock icon Coup may have been a blessing to E Europe
      376 7 AP WARSAW Eastern Europeans heaved a sigh of relief on Thursday with the failure of the Soviet coup, and leaders said their young democracies would only benefit from the brush with Stalinist ghosts. The coup galvanised Western moves to help integrate
      AP  -  376 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Seel's debut brightens otherwise dull market
      4883 8  -  By Kooi Cho Teng THE DEBUT of Singapore Electronic and Engineering Ltd (Seel) shares stole the limelight yesterday. It racked up a volume of 6.49 million shares in the first 30 minutes of trade alone. By the close, volume had skyrocketed to 20.99 million
      4,883 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3881 9 Main Board Roth lrnis 50* 530 +15 2.9% Singmanne 5C 444 +12 2.8% ANA Hotels 220 +10 +4.8% Semb Maritime 362 +10 +2.8% Sup Metal 20» 65 +9 +16.1% S Reinsurance 170 +8 f4.9% M Credit 172 +7 +4.2% UOI 247 +7 +2.9% CAC 535
    3,881 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei ends sharply lower as profit-taking sets in
      2199 10 Reuter TOKYO STOCKS closed sharply down yesterday. Profit-taking set in after the last three days of gains failed to recoup Monday's losses. Investors returned to the sidelines as the failure of the Soviet coup refocused the market on excess supply and brokerage
      Reuter  -  2,199 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Market loses ground but closes off day's lows
      1889 10 Reuter SHARE PRICES ended easier but off the day's lows in quiet trade yesterday ahead of the long weekend and in the absence of fresh news, brokers said. "The market stabilised after more profit-tak-ing in the morning," said Percy Au-young, senior manager
      Reuter  -  1,889 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Lack of fresh incentives dampens trading
      4209 11 Bernama SHARE PRICES in Kuala Lumpur closed lower in quiet trading yesterday as investors turned cautious over the lack of fresh incentives and on profit-taking following the previous two days' gains. The KLSE Composite Index lost 10.16 points to 543.49 while the Industrial Index
      Bernama  -  4,209 words
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      40 11 s^vvi^OLES These are the swinging singles of Singaporeteenyboppers and twenty-somethings. Where do they hang out? What do they do? How do they get money? Are their clothes cool? Who are their pop icons? in weekMder today. NEWSY JwM r 7
      40 words
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  • REGIONAL STOCK MARKETS
    • Markets return to the fundamentals
      • Article
        AUSTRALIA
        805 12 THE Australian stock market tracked the Tokyo bourse yesterday to close weaker amid light profit-taking in lacklustre trade. Ord Minnett broker Eric Gale said investors, both local and overseas, were taking time to re-focus on fundamentals after the failed ousting of Soviet leader Mikhail Gorbachev. "It was a much
        805 words
      • Article
        BANGKOK
        720 12 SHARE PRICES in Bangkok eased yesterday after strong gains in the last two days as investors sold to take profits, brokers said. The SET index ended 9.05 points lower at 676.37 on a turnover of 3.06 billion baht. Siam Cement shed eight baht to 620, Siam City Cement two
        720 words
      • Article
        INDICES & TURNOVER
        84 12 INDICES TURNOVER Close Previous Aug 23 AUSTRALIA All Ordinaries Index 1541.2 1553.1 -11.9 All Industrials Index 2360.3 2372.8 -12.5 All Resources Index 908.9 915.6 -6.7 Turnover (million) 75.1 122 -46.9 BANGKOK SET Index 676.37 685.42 -9.05 Turnover (billion baht) 3.06 5.01 -1.95 JAKARTA Composite Index 318.58 320.29 -1.71 MANILA Composite
        84 words
      • Article
        JAKARTA
        644 12 THE Jakarta stock market returned to its gloomy ways yesterday and closed mixed after a brief sign of activity during the time when Soviet President Mikhail Gorbachev was temporarily out of power, brokers said. The exchange's index dropped 1.71 points to 318.58, after the previous day's 4.98-point surge due
        644 words
      • Article
        MANILA
        470 12 THE SOVIET FACTOR is over for the Philippine stock market, which closed only slightly firmer yesterday as attention turned inward again to the hanging fate of the US military bases in the country, brokers and analysts said. Profit-takers took advantage of midsession gains, paring prices to slightly above Thursday's
        470 words
      • Article
        SEOUL
        796 12 SEOUL STOCKS dropped sharply across the board on profit-taking in active trading yesterday, brokers said. "Seoul shares gained over seven points at one stage early in morning trading but plummeted later in the afternoon as individuals joined institutional investors in a selling surge to take profits from recent rises,"
        796 words
      • Article
        TAIPEI
        494 12 PROFIT-TAKING after Thursday's huge gains pulled iaiwan share prices down to end sharply lower yesterday, and dealers said the outlook was gloomy in the near future. The weighted index closed at 4,527.37, 163.05 points or 3.5 per cent lower than Thursday's 4,690.42 close. Turnover fell to NT526.24 billion from
        494 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        355 12 In local camcy la S$ la US$ day year day year day year Aag 22 ladex change change change change chaage chaage World 406.2 1.2 13.4 1.5 7.9 1.6 8.9 1EAFE 517.4 1.6 10.1 2.5 2.5 2.6 3.4 Europe 435.2 1.4 19.4 3.1 3.1 3.2
        355 words
      • Article
        NEW ZEALAND
        282 12 SHARE PRICES eased in New Zealand yesterday on moderate volume in what brokers said was lacklustre trading. The NZSE-40 capital index fell 10.3 to 1,421.3 and the NZSE-30 capital fell 10.5 to 1,414.4 while the Barclays index dropped 11.71 to 1,379.68. Turnover was 9.9 million shares valued at
        282 words
      • Article
        BOMBAY
        75 12 SHARE PRICES rebounded sharply in Bombay on Thursday (yesterday's report was not available) on news that the Soviet coup had failed with the Bombay Stock Exchange index shooting up 44.53 points to 1,752.30, an all-time high, brokers said. "A quick end to the Soviet crisis was a morale booster,"
        75 words
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  • WORLD STOCK MARKETS
    • Dow up slightly as world rally continues
      • Article, Illustration
        NEW YORK
        1302 13 STOCK PRICES kept heading upwards on Thursday after a big lift on Wednesday from the collapse of the Soviet coup. While the Dow Jones Industrial Average added only slightly to its previous gains, three other indexes posted record highs. The Dow gained a slight 5.59 points, to 3,007.38.
        1,302 words
      • Article, Illustration
        LONDON
        786 13 MIKHAIL GORBACHEV'S return to power in Moscow enticed institutional buyers back into the UK equity market on Thursday, helping it reverse all the losses suffered during the three-day coup against the Soviet leader. The FTSE index of 100 leading UK stocks picked up last week's recordbreaking trend where it
        786 words
      • Article
        INDICES & TURNOVER
        83 13 INDICES TURNOVER Aug 22 Close Previews NEW YORK Dow Jones 3,007.38 3,001.79 +5.59 SAP 400 Midcap 130.20 130.01 +0.19 S P 500 391.33 390.59 +0.74 Turnover (million) 173 232 -59 LONDON Financial Times 30 2,056.1 2,033.7 22.4 FTSE 100 2,623.0 2,601.9 +21.1 Turnover (million) 539.3 544.9 -5.6 FRANKFURT DAX Index
        83 words
      • Article
        FRANKFURT
        218 13 GERMAN SHARES defied many traders' wildest hopes on Thursday by jumping straight back up into the upper half of the narrow trading range which has dominated trade for most of the last eight weeks. The DAX soared 60.01 points or 3.8 per cent to 1,630.83 on news that the
        218 words
      • Article
        AMSTERDAM
        251 13 MOST DUTCH SHARES finished firmer on Thursday but profit-taking had shaved off much of the opening gains sparked by the return to power of Soviet President Mikhail Gorbachev, dealers said. With Gorbachev's reinstatement the Amsterdam stock market resumed its normal day-to-day business on Thursday, they added. The CBS tendency
        251 words
      • Article
        MILAN
        216 13 ITALIAN stock prices closed with gains on Thursday, but below peaks reached in unofficial trade, and the overall bourse index failed to recover to the level it held before Monday's Soviet coup attempt. "For the first half hour, it was all euphoria. Then things calmed down," noted one broker.
        216 words
      • Article
        ZURICH
        335 13 SWISS SHARES ended a moderately active session firmer on Thursday but price rises slowed as the market moved closer to levels reached last Friday before the Soviet coup. The all-share SPI index closed 8.6 points, or 0.78 per cent, higher at 1,105.6 after reaching a high of 1,108.8. Last
        335 words
      • Article
        BRUSSELS
        227 13 BELGIAN SHARES closed a touch lower in hesitant trading on Thursday, going against the general higher trend on other European markets, traders said. They disagreed on whether the Belgian National Bank's announcement it was cutting its forecast for 1991 GNP growth to 1.4 per cent from 2 per cent
        227 words
      • Article
        JOHANNESBURG
        364 13 SHARE PRICES generally closed firm after a quiet session on Thursday, buoyed by rallies by international stock markets following the failed Soviet coup, dealers said. They described trading cautious with prices see-sawing throughout the day as traders searched for fresh stimulus. The JSE all-share index ended the day at
        364 words
      • Article
        TOHONTO
        265 13 TORONTO STOCKS turned slightly higher on Thursday as the market continued to recover from Monday's sharp losses suffered from the coup in the Soviet Union, dealers said. Domestic matters returned to the forefront, but players had little news on which to trade, they added. Higher-than-expected US jobless claims for
        265 words
      • Article
        Untitled
        261 13 BRITANNIA FUNDS Start* Cash Bid Oder Br Cap Deposit 33.8700 33.8800 Br Jersey Gilt 0.1703 0.1795* Br S» Mng Curr 16.9000 17.7600 Br Mu Income .0.9800 1.0300 USS Cash S Managed Curr 14.0600 14.7700 Intl High Income .0.0000 0.0000 Income Plus Fund 9.6400 10.1«0* ftarttag E<e*y Aust Performance 0.0000 0.0000
        261 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback firms against mark on short-covering in Asian trade
      1172 14 REPORTS I ASIA :i-vV- Tokyo: The US dollar rose particularly against the mark on active short-cover-ing in late Asian trade yesterday, traders said. "Asian players need to square some positions before the long weekend," said a dealer at Fuji Bank in
      1,172 words
    • Article
      INTERBANK FOREX RATES
      384 14 Cross rates Aug 23 USS SS MS Dm Yen SFr AS NZS USS 1.7220 2.7790 1.7340 136.55 0.5921 1.5140 1.2706 1.7391 SS 0.5807 1.6138 1.0070 0.7930 0.3438 0.8792 0.7379 1.0099 MS 0.3598 61.96 0.6240 0.4914 0.2131 0.5448 0.4572 0.6258 Dm 0.5767 0.9931 1.6027 78.75 0.3414 0.8731 0.7328
      384 words
    • Article
      MONEY MARKET
      526 14 Interbank rates S$ Bid Offer Overnight 5 1/8 5 1/4 1-month 5 5 1/8 2-month 5 1/16 5 3/16 3-month 5 1/16 S 3/16 Overnight mode: 4-7/8 USS Bid Offer 7 day* 5 3/8 5 3/4 1 month 5 9/16 5 11/16 2 months 5 5/8 5 3/4
      526 words
    • Article, Illustration
      Lock icon Rate cuts won't be based on piecemeal data: Kerin
      263 14 Reuter SYDNEY Australian Treasurer John Kerin said the full impact of past interest rate cuts had yet to be felt and future changes would not be based on piecemeal economic indicators. He told a meeting of businessmen the 7.5-percentage-point cut in
      Reuter  -  263 words
    • Article
      Lock icon Hopes linger for S African rate cut
      451 14 Reuter JOHANNESBURG The South African authorities have warned that fiscal softpedalling may demand the retention of restrictive monetary policy, but hopes linger for a modest interest rate cut towards the year-end. "I think we will still see a cut in bank (discount) rate
      Reuter  -  451 words
    • Article
      FINANCIAL FUTURES
      1117 14 SIMEX <_ EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jj Sep 91 94.34 9437 94J3 94J5 1857 ***** 1865 I Dec 91 94.07 94.10 94.06 94.08 8275 ***** 7999 C Mar 92 94.12 94.15 94.12 94.14 4202 ***** 2276 2 Jun 92 93.80 93.81 93.80 93.80
      1,117 words
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  • COMMODITIES
    • Article
      Lock icon Mixed reviews for gold's Soviet coup performance
      418 15 Reuter LONDON Investors may abandon gold in even greater numbers after the traditional refuge in times of crisis performed unimpressively, barely retaining its value during the failed three-day Soviet coup, analysts said. But others pointed out that gold had held up well in
      Reuter  -  418 words
    • Article
      Lock icon Inro manager says he may resume buying rubber soon
      310 15 Reuter KUALA LUMPUR The International Natural Rubber Organisation (Inro) buffer stock manager, Aldo Hofmeister, said he may resume buying intervention soon as prices have fallen below the may-buy level. "I might have to be back in action shortly," he said in
      Reuter  -  310 words
    • Article
      Strong buying support sends KLTM higher
      855 15 REPORTS THE PRICE of tin rose 12 sen to M$ 15.33 per kg on the Kuala Lumpur Tin Market yesterday on good buying support. The rise was also in line with the higher London Metal Exchange overnight close. Dealers said Europe's return to the
      855 words
  • Article
    PRICES
    1343 15 Rubber Aug 23 KM Mil) S cents/kg Noon Pose Int I RSS Prompt 138.00/139.00N 138.00/139 00N Int I RSS Sep 91 138.00/138.50 138.00/138.50 Int 1 RSS Oct 140.00/140.50 140.00/140.50 Int 2 RSS OP 137.00/139.00N 137.00/139.00N Int 3 RSS OP 136.50/138.50N 136.50/138.50N Int 4 RSS OP 132.00/134.00N 132.00/134.00N Int 5
    1,343 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      6 15 Innovation Technology in BT every Tuesday
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      Page 15 Advertisements Column 2
      1524 15 BUSINESS TIMES > TELEPHONE: 730-5771/5772/5773 PAXt 734-4912 —————'—————L IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF TREEGO (GALIAN) WANG PTE LTD UquMaßon) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of TREEGO (GALIAN) WANG PTE LTD duly convened and held M
      1,524 words
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  • Article, Illustration
    Berjaya boss sets stage for proxy fight in MUI
    430 16  -  Vincent Tan plans to buy over Idris Hydraulic's 12.3 pc stake By Magdalene Ng A PROXY fight in Malayan United Industries (MUI) looks imminent with Beijaya Corporation boss Tan Sri Vincent Tan Chee Yioun expected to raise his interest in the
    430 words
  • Article
    Lock icon US durable goods show record gain
    169 16 Reuter WASHINGTON Orders for long-lasting durable goods surged 10.7 per cent in July, the largest monthly gain in more than 20 years, reflecting sharp increases in bookings for airplanes and cars, the Commerce Department said yesterday. The July jump, which followed a one per
    Reuter  -  169 words
  • Article
    Lock icon Malaysian economy shows signs of overheating: institute
    289 16 Reuter KUALA LUMPUR Malaysia's booming economy is showing signs of overheating and could push the inflation rate for 1991 to 5.5 per cent from 3.1 per cent in 1990, the Malaysian Institute of Economic Research (MIER) said yesterday. "Clear signs of an overheating
    Reuter  -  289 words
  • Article
    Lock icon HK raises growth forecast to 4pc
    200 16 Reuter HONGKONG The Hongkong government said that it had raised its forecast for 1991 gross domestic product (GDP) growth to 4 per cent from a forecast of 3.5 per cent made in May. In a half-yearly economic report, government economists also raised their forecast
    Reuter  -  200 words
  • Article
    Christiania brings in QC for Khamis liability case
    225 16  -  By Quak Hiang Whai CHRISTIANIA Bank has engaged a Queen's Counsel to fight its legal battle against DBS Bank, Hongkongßank, and Standard Chartered Bank. The Norwegian bank has disputed liability for letters of credit issued by its Porgrunn branch to guarantee some
    225 words
  • Article
    Lock icon Separate body should monitor govt watchdog unit: Hashimoto
    355 16 UPI Reuter TOKYO Japan's Finance Minister Ryutaro Hashimoto called yesterday for an agency to monitor government management of the scandalplagued securities and banking industries. Mr Hashimoto, speaking at an extraordinary session of the Diet, Japan's parliament, said another agency was needed to
    UPI; Reuter  -  355 words
  • Article
    Lock icon Mexico's ruling party claims landslide victory
    391 16 AP MEXICO CITY Officials of the ruling Institutional Revolutionary Party say they have won 290 of 300 seats in the Chamber of Deputies and all but one Senate seat, the Excelsior news agency reported. The Thursday evening announcement came as the Federal Electoral Institute
    AP  -  391 words
  • Article, Illustration
    Lock icon Students protest overcrowded varsities
    44 16 Reuter picture SYDNEY Impassive policemen in the lobby of Hotel Nikko yesterday facing student demonstrators who staged a sit-in and demanded to speak to the Minister for Higher Education against overcrowding in Australian universities. Seven students were arrested. Reuter picture
    Reuter picture  -  44 words
  • Article, Illustration
    Mahathir faces an uphill battle
    665 16  -  Kelantan by-elections From Leslie Lopez in KOTA BARU MALAYSIAN Prime Minister Datuk Sen Dr Mahathir Mohamad's government faces an uphill battle as it ventures into the opposition heartland to contest two crucial by-elections in the northeastern state of Kelantan today. The ruling United Malays National
    665 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon A question of traction
      1429 17 Feel like steering your vehicle through terrain that would make a macho man weep? Nirmal Ghosh offers some off-road driving techniques to the wild at heart OFF-ROAD driving to many city people means a gravel driveway at a country house. Give them the real thing and
      Photos by Nirmal Ghosh  -  1,429 words
    • STRAWS IN THE WIND
      • Article
        Stalled!
        57 17 IN GERMANY, some smart guy thought he could combat drunk driving by inventing a gadget that wouldn't allow the car to start until the driver solved a puzzle. The theory was, anyone who was intoxicated wouldn't be able to solve it. The scheme failed. Most people couldn't figure out
        57 words
      • Article
        Note this name
        42 17 GET THIS. The businessman at the centre of Poland's biggest financial scandal who said he earned up to 290 per cent interest a year by switching money between his 100 accounts has a name befitting his crime: Boguslaw Bagsik.
        42 words
      • Article
        Driving her nuts
        88 17 THERE are times when silence can be mistaken for consent, as one PR manager found out to her discomfort. The driver of a cab she was in apologised for not having a radio for her to listen to. As an afterthought, he said, "Never mind, I sing
        88 words
      • Article
        Loose change
        59 17 WANT to go to the Khameleon disco but forgot to change out of your jeans? The ever-thoughtful management has an array of trousers for you to borrow. Problem is, you have to have a waistline of about 40 inches. The pants are so big, they nearly fell off
        59 words
    • OPINIONS
      • Article, Illustration
        Losing more than tribes and trees
        1169 18  -  The erosion of ancient forest-dweliing societies is depriving us of centuries of knowledge about medicinal plants, says Nirmal Ghosh Nirmal Ghosh The writer is a BT journalist Anew, urgent crisis has been demanding the attention of conservationists and anthropologists: the imminent extinction of several
        1,169 words
      • Article, Illustration
        All's not quiet on the Soviet front
        697 18  -  Harish Mehta foresees more trouble brewing in the Kremlin following this week's failed coup Harish Mehta The writer is a BT correspondent THE COUP that ousted President Mikhail Gorbachev for three days is not likely to be the last one Moscow will see.
        697 words
      • Article
        US Treasury sends tough message to market dealers
        541 18  -  Leonard Silk says the markets' anxieties caused by scandals must be quelled or they could hurt savings and investments Leonard Silk The writer is a New York Times columnist THE SALOMON Brothers' misconduct in the Treasuries market coming after such scandals as
        541 words
    • SPORTS
      • Article, Illustration
        Lock icon Henke leads despite swing change
        393 19 AFP AKRON, Ohio Nolan Hcnkc had low expectations heading into the World Series of Golf here on Thursday, but they did not prevent him from shooting a four-undcr-par 66 to take a twoshot lead after the first round. Former Masters winner Larry Mizc and Bruce
        AFP  -  393 words
      • SIDE LINES
        • Article
          Stich beats Carbonell in straight sets
          147 19 SCHENECTADY, New York Wimbledon champion Michael Stich won the first set in 21 minutes as he raced to a 6-1,6-2 victory over Tomas Carbonell in the second round of the OTB International on Thursday. Stitch took only 48 minutes to win his match. The
          147 words
        • Article
          Swede victory for Edberg
          75 19 COMMACK, New York Top-seeded Stefan Edberg, his eye on next week's US Open, defeated fellow Swede Peter Lundgren in straight sets here on Thursday and advanced to the quarter-finals of the Hamlet Challenge Cup. Edberg, the defending champion, got service breaks early in both sets as
          75 words
        • Article
          Meskhi, Maleeva in semi-finals
          74 19 WASHINGTON Leila Meskhi of the Soviet Union and Katerina Maleeva of Bulgaria advanced to the semifinals of the Virginia Slims of Washington with straight set victories on Thursday. Second-seeded Arantxa Sanchez Vicario of Spain joined them in the semifinals with a 6-3, 6-2 victory over No.
          74 words
        • Article
          Laurel Kean nearer to LPGA win
          66 19 OAK BROOK, Illinois Laurel Kean fired a six-under-par 66 here on Thursday and took a one-shot lead after the first round of the inaugural Chicago Shoot-Out women's golf tournament. Kean, seeking her first victory in four year»on the LPGA Tour, scored six birdies without
          66 words
        • Article
          Steve Cram back in the race
          132 19 TOKYO Former world champion Steve Cram, back in action after a long injury lay-off, said on Thursday he was grateful to have reached the world athletics championships and still hoped he could win a 1,500 metres medal. "Just being here is a bonus because
          132 words
      • Article, Illustration
        Lock icon Connors-Pat McEnroe opener
        552 19 US Open tennis tournament Reuter NEW YORK Showtime at the US Open tennis tournament begins right away when five-times champion Jimmy Connors plays John McEnroe's younger brother Patrick in the first round. "What a* great way to kick off the tournament," 1979 US Open runner-up Vitas Gerulaitis
        Reuter  -  552 words
      • Article
        Lock icon Don King meets his match in Duvas
        665 19 NYT NEW YORK He is 69 years old and by now Lou Duva has become as recognisable in public as his fighters. There is the white hair and the face of a battlewise munchkin: a crinkled expanse with blunt dark brows and a
        NYT  -  665 words
      • Article
        Lock icon Primo Nebiolo puts athletics in the fast lane
        501 19 Reuter TOKYO Primo Nebiolo, the controversial Italian who heads world athletics, makes no secret of his vaulting ambition. Since he was elected president of the International Amateur Athletic Federation (lAAF) in 1981, the 68-year-old Turin lawyer has pursued a dream in which
        Reuter  -  501 words
    • EPICURE
      • Article, Illustration
        Lock icon Eat a bowl of soup
        461 20  -  Quek Swee Peng samples shabu-shabu at the Picturehouse Quek Swee Peng THE YOUNGSTERS ignore the San Ko En Japanese restaurant, located one floor below the cinema auditorium of the Picturehouse, for the Colonel's finger-licking-good chicken on the ground floor. San Ko En is newly-opened. It
        Punch  -  461 words
    • LIFESTYLE
      • Article, Illustration
        In reel life too, let Asians be Asians
        1173 21  -  Asians have been the form onto which white American writers have freely projected their fears and desires, says Gish Jen SAY Gish Jen FOR a very long time, when people talked about race, they talked about black America and white America. Where
        1,173 words
      • Article
        Who says good wines are not affordable?
        885 21  -  WINE By N K Yong THIS WEEK'S piece is about easy-to-drink, well-made wines at affordable prices. The duty element in the price of wine is $6.40 per bottle, which is a huge chunk out of 15.00, the usual price of the plonk seen
        885 words
      • Article, Illustration
        Pakistani globetrotter is bridge personality of the decade
        457 21  -  BMDCE By Sybil Holloway THE United Kingdom magazine International Popular Bridge Monthly ran a poll last year on highlights of the 1980s. Bridge personality of the decade, scoring more than half the votes, was Pakistani globetrotter Zia Mahmood. None of the other
        457 words
    • PURSUITS 1
      • Article, Illustration
        By George, he's durable!
        836 22  -  Pop stars come and go, but Boy George is still veiy much around. Salil Tripathi meets the boy wonder whose success lies in his ability to reincarnate himself Salil Tripathi EVEN aging boy wonders have a fond following in Asia. Thirty-year-old George Alan O'Dowd, better known
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      • Article
        Remembering the youth of the Soviet Union
        548 22  -  Monday's concert by the Asian Youth Orchestra came with a special dedication. P Y Van reviews P Y Van THE EVENTS taking place in the Soviet Union on Monday were very much on the minds of the young musicians of the Asian Youth
        548 words
      • Article, Illustration
        The essential Marsalis
        616 22  -  CD Review By RINGO LIEW WYNTON MARSALIS: Soul Gestures In Southern Blue, Volumes 1, 2 and 3 The man with the sweetest horn in the business is back with not one but three new releases. The three-album blues cycle, Soul Gestures In Southern Blue, finds the prolific
        616 words
      • Article, Illustration
        Inhabitants of a dangerous world
        738 23  -  English watercolourist Graham Dean seeks to capture the essence rather than just the appearance of his subjects. Susan Tsang views an exhibition::;:-: with a strong and disturbing message Susan Tsang NEW Directions in Art, an exhibition of works by English watercolourist Graham Dean, provides Singaporeans
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      • Article, Illustration
        Kings of the dirt
        623 23 Nirmal Ghosh lists some choice ofF-roaders THE American jeep was probably the first car to be designed as an off-road vehicle. Meant for military use, it soon became popular among civilians. Only the Land Rover has approached it so far in popularity as well as longevity.
        623 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          Long on memory
          118 24  -  Compiled by Lee Han Shih POOR Kay Hian. One lousy listing and it is remembered forever. On Wednesday the Malaysian Business Times ran a front-page article on whether, given the then-crisis in the Soviet Union, merchant banks will back out of their obligations to underwrite new listings
          118 words
        • Article
          Down and out Down Under?
          102 24 IS AUSSIE developer Mike Core, billed as the "creator of the world famous Sanctuary Cove Resort", desperate or is he just being clever? A large advertisement appeared in the Australian Property Review showing a worried-looking Mr Core and the headline: "Rescue me from my bankers!"
          102 words
        • Article
          Willing buyer, not-so-willing seller
          66 24 AN announcement by Hwa Hong, which has joined hands with Parkway to-buy a London residential property from a British company in receivership, said the price 13.2 million or 5538.3 million) was arrived at on a willing buyer and willing seller basis. Willing buyer, certainly. But surely
          66 words
        • Article
          Building up a fortune
          102 24 THERE are still chances for small guys to make big bucks (well, relatively big bucks) in the property market, it seems. We heard that a driving instructor has struck gold in a Bukit Timah deal that involved only $800,000. It seems that he and a partner
          102 words
      • Article, Illustration
        Short-term resistance at 1,450
        520 24  -  CHART By Goh Hiang Fong THE Gorbachev coup happened this week but is now a page in history. As coups go, it is one of the shortest, if not the shortest, in recent history. Going purely by the weekly stock market indices, a non-political observer could
        520 words
      • Article
        Stockpicker, stockpicker, where have you been?
        947 24  -  Chew Eng Han reflects on Black Monday and examines how fundamentally sound investors were Chew Eng Han WERE YOU one of those who panicked and sold your shares on Monday? Or perhaps you belong to a savvy lot who progressively accumulated shares as news
        947 words
      • Article, Illustration
        Lock icon The taste of business
        1168 24  -  Kooi Cho Teng looks at what it takes to go into the food business ON YOUR Kooi Cho Teng Need advice on investing in shares, gold, commodity futures? Maybe you could use some help in figuring out your income taxes or would appreciate a few tips
        Photo by Arthur Lee  -  1,168 words
      • Article
        It's bold to be bearish, says Fuller
        603 24  -  Quak Hiang Whai reports on the latest forecast of chartist David Fuller Quak Hiang Whai They say fortune favours the bold. The bold who do best this time should prove to be the bears. THESE arc wise words of UK-bascd chartist David Fuller,
        603 words
      • Article, Illustration
        India good for medium-term buys
        960 25  -  The Indian stock markets are not the place for spectacular growth. But they are good bets against roller-coaster rides seen elsewhere. Salil Tripathi assesses the markets and tells how foreigners can participate Salil Tripathi STOCK markets throughout the world from New York to Tokyo saw
        960 words
      • Article
        Warrants: premiums and gearing
        892 25 Prices as at 23.08.91 ConvarsiM terms Pramhim/ Explr? (dtacowit) Amount OjgwaT* Company (mH Wrts Share Loan Com Exar Last* Cask Cash Loan Goarin* Data Mtte ■nits) stock rati* price aom Stk 2 Loft VMM BurwiH 115.2 0 160 0.670 1.00 1.00 73 4.19 30/06/94 34 CAC
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      • Article
        How to get into the Indian stock markets
        615 25 Non-resident Indians are still the preferred foreigners when it comes to investing in India. Called NRIs, they possess Indian citizenship but are living abroad, or are non-Indi-ans of ethnic Indian origin. NRIs also include women who do not have ethnic Indian roots
        615 words
    • JOBS
      • Article, Illustration
        Lock icon CEO salaries in S'pore: do they make sense?
        1566 26  -  A recent Forbes article noted that the pay given to CEOs in the US didn't always make good sense: these people were being paid millions even in the face of mediocre results. Peter Lee takes a look at the local situation Peter
        Punch  -  1,566 words
      • Article, Illustration
        EXECUTIVE MOVES
        295 26 Mr Victor Ow Che Noong has been appointed Senior Vice-President, Consumer Services Division, of Keppel Bank of Singapore Ltd. A Bachelor of Economics (Hons) graduate from the University of Malaya, he was previously the Head of Business Development and Equities Investment Departments of Citibank Singapore. Mrs Margaret Yang
        295 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1072 27 C*» FV«M ETA FlgM no MabMa Qf 81 1820 SQ227 Of82 2200 2200 riaai SQ19 KL837 0755 SQ24 1255 KL838 SQ38 GA890 0100 2240 2330 2350 NZ21 1820 NZ22 1930 SQ338 2030 GF148 1000 pm GA525/ 910 1755 BriBaga«aa SQ 181 1410 TG402 0830 r »/•>
      1,072 words
    • THE TRAVEL PAGE
      • Article, Illustration
        The finest cafe on earth
        637 27  -  LETTER FROM PADUA By Kate Singleton THE ancient university city of Padua, due west of Venice, was described in the 1830s as a "happy town in which pleasure is the greatest business". Now there's a double entendre here that must have been deliberate, for the
        637 words
      • Article
        MONEY CHANGER RATES
        152 27 As at 3pm yesterday. Load dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3493 1.3610 Canadian dollar 1.4908 1.5134 NZ dollar 0.9791 0.9939 Sterling pound 2.8880 2.9122 US dollar 1.7206 1.7240 Local dollars to 100 units of foreign currency Austrian schilling 13.86 14.07
        152 words
      • Article
        WORLD TRADE EXHIBITIONS
        57 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td T..*— m i, c,:, <11*51 vn Aug 24-28 Cosmetics Netherlands Kooinklijke ********** Aug 20-31 zrn.r Turkey tour F«u *****150 Perfumery Trade Nederlandse International Organisation Exhibition Jaarbeur* A,*» Fcnkfurt. Me»e Frankfurt 4W757S0 0e m ,y Trade Fair for
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    • TIME OFF
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        THEATRE
        75 28 Friends in Concert Talented young violinists Lulu and Lee Huei Min will give a recital that includes works by Vivaldi, Paganini, Franz Deldra and various Chinese composers. DBS Auditorium. Aug 26. Bpm. Drama: A DeuWebill Eleanor Wong and Ovidia Yu have each written a oneact play for the Fortnight
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      • Article, Illustration
        EXHIBITIONS
        296 28  -  Compiled by M Yasotha Masterpieces of Paintings and Calligraphy from the National Palace Museum, Taipei Museum Quality Reproductions by Nigensha, Tokyo On display are copies of masterpieces belonging to the Eastern Jin, Tang, Sung, Yuan, Ming and Qing periods. Empress Place Building, Queen's Rm Art Gallery, Aug 23-Oct 10.
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      CINEMA
      500 28 An Innocent Man. Tom Selleck is unfairly accused of having too thick a moustache, among other things. For that, they sentence him to a life in Purgatory, without a television set. Cathay 2: 11; 1.30; 4; 6.45; 9.15. Ataaie! A loonie abducts a porn star, ties her up and
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      32 18 DOONESBURY by garry trudeau X'M SORM, B.D; FVEN IP T m/LD ppbcj /ADF- VBAH, MI'M OUT OF WORK. BUT IJUSTCANT HZV, MtSUF. ANPWS NOTS6LUN6 AR&fTU£ YOUPCOftfr PUT YOU UP NOW., am SKS/
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      202 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WIHE, DIKE p_. ii\| A WWg^^^_ vHR GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 5.00 PM. HAPPY HOUR fit DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00
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      Page 20 Advertisements Column 2
      334 20 iTXTX fT I ouiroeejf SUNDAY TEMPTATIONS Every Sunday, Nutmeg's brings to you exquisite culinary surprises, fine wines and champagnes and the relaxing chords of our jazz musicians. Seafood delicacies, Sunday favourites, local specialities and even a touch of American, await the family for a peaceful Sunday. For $34.50++ per person
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      Page 20 Advertisements Column 3
      268 20 -VWe Why worry about breakfast or lunch on En|oy a lazy Sunday morning? Come down \4Br I The Finest or w^°'e family and j r tl i f east on a delectable spread of hot f Cantonese-Thai dishes, soups, appetizers and I Buffet Brunch desserts, all prepared to I I
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      Page 20 Advertisements Column 4
      256 20 A PERFORMED DAILY AT fl THE PINE COURT ■Itm? Amidst Imperial splendour, our chefs /ffiflyC stage their hlghly-acclalmed performance -/jBBPr., of legendary Beijing cuisine to the satis- wi lA factton of demanding diners To guarantee 'V 1 *Y your place amongst the discerning, make I \1 your reservations early. n,j|'
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      227 21 AND ENTERTAIN U.S. Food Promotion Savour the best of U.S. beef and lamb at Hubertus Grill from 1 to 31 August 1991. All steaks come with a Caesar Salad, Baked Idaho Potato, Grilled Tomato and a choice of Herb Butter, Bearnaise or Black Pepper Sauce. A Sterling 5-course set menu
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      Page 21 Advertisements Column 2
      17 21 CHINON MIS IN BOUTEJLLE PAR N COULV-PUTMEIL A CHINON (I fr L) FRANCE fioKCi or find I
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      25 22 tEPTtMBCR IHI $4.50 PUIS A FIH BMOM MAMZINI win Vir best fashion $25,000 buys under $1001 JN CASH! HK NON-CONSUMMATION: WHAT'S THE REAL jflk SO-KA«^SUMMINOU
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      48 23 Hr, y tffrs Mr. See Wing Whye ft-Mr ■iB.J Chief Engineer f f FOR RELIABLE SERVICE, PRODUCT AND SYSTEM, YOU CAN DEPEND ON TEAM TRANE. ff Mr. Liaw Leong Chin Senior Technician A JyM Wj ptfo 'm. BEST V\i.l E CALL: 748 7409 FOR ENQUIRIES. FAX: 748 7465
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      788 25 B ft &Lucky Draws f| when you deposit with Hong Leong Finance Mjjß bsck Hon* Leong Finances Singapore Finance Fret Gifta and Lucky Draw* programme with a wider range of gift* ff and even more exciting prizca. FRFR GIFTS GRAND Lt'CKY DRAW j From IS Augu» 1991 to 2* February
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      288 26 BUSINESS T 1 M E S TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 We are a quality technology-based engineering and services organisation headquartered in Singapore. ASSISTANT GENERAL MANAGER (Airairgo Airline) We wish to appoint an experienced and competent individual, between the age of 30 to 40 years, who is familiar with the formulation
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      Page 26 Advertisements Column 2
      190 26 Advertisement NOMINATIONS OPEN FOR 1991 SINGAPORE BUSINESS AWARDS DHL Worldwide Express notable contribution to corporate their own businesses or man-... and Business Times have management and business agers of subsidiaries or divisions launched the prestigious 1991 achievement in Singapore. of large local or multinational Singapore Business Awards. The search is
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      34 27 Ronald you'll relish Finnair's Ifemburg service. Finnair's 0855 arrival in Hamburg is just one of the timely arrivals at over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish.
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      Page 27 Advertisements Column 2
      27 27 For Home or Office deliveries of: Business Times, Straits Times. Sunday Times. LianHe Zaoßao. Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotlines 740-1839. 740-1840.
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      Page 27 Advertisements Column 3
      123 27 i jti hi; s j' jk n PROPERTY CONSTRUCTION SUPPLEMENT i 1891 i CI A special Business Times Survey -a IM September 10,1991 kIIAJ How will the coming year shape up for developers and investors alike, now that the Gulf War is history? Will we see the long-expected Hongkong Influx
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  • Page 27 Miscellaneous
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      162 27 prawns (6) 26 One of a group of outstanding singers (8) 8 Another cost on the YESTERDAY'S SOLUTION DOWN church 'e'd put an end to 2 Regretting that another (8) gun was produced with 13 Greets, say, two marines Iy' y.y J misguided ire (6) in violent weather (9) BiffliMTM
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      Page 27 Miscellaneous Column 2
      169 27 World report Asia-Pacific Hi/Lo* Cond. Auckland 14/08 Sunny Bangkok 32/25 "PStorm Beijing 31/22 Sunny Brunei 31/24 Cloudy Hongkong 30/20 TStorm Jakarta 32/23 Fair Kuala Lumpur 33/24 Showers Manila 29/24 Rain Melbourne 16/09 Showers Perth 18/13 Sunny Seoul 34/24 Fair Sydney 20/10 Sunny Taipei 34/27 Fair Tokyo 32/24 Fair Wellington 15/10
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      31 27 nj-JBBBUBBM iTue. rtcrn&L itself (IT'S qmxbd wois.fortwe. s EA VIEW '....-jl CttrrkifnEXD OOS. RESORT, J V.&NP OF THE. P ex...J r BEAUTY Of "TYl£ J c twtmHQ sta»OA*O COLTO., HM-IMI Q5Q\
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      1722 28 TODAY'S TV ■■■■■■■■■■I 8.30 Mouserdse. !MH [iIM Smaflui Sajnwg, 39m, SBC 5 Whale Rescue, 12pm, SBC S lojs SS!ffiS££jaL. whose W£ 11.00 ReHgieus Programme. watches him like a hawk goes form the Whale 11.05 Under the Umbrella Tree, into a tizzy when his ex-lover operation |^k 11.50 TV Pendidikan. moves
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      686 28 MOVIES ON TV James Joyce's Women, Mon, real-life circus. While he 10.30pm, SBC 12 dreams of making enough Six women's lives, viewed money to bring home to his from the eyes of writer James mother, his life takes a turn Joyce, are dramatised here, for the extraordinary. This They include
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