The Business Times, 1 December 1990
1990-12-01
1
30
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The Business Times
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Title Section11 1990-12-01 1 Business Times MCI (P) 170/12/89 Weekend Edition, December 1-2 1990 75*11 words
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NEWS & MARKETS SUMMARY
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60 1990-12-01 1 INDONESIA and Malaysia said yesterday that they have agreed to cooperate in efforts to counter environmentalists seeking to boycott tropical timber. Malaysian Primary Industries Minister Lim Keng Yaik said the agreement was a recognition of the importance of forestry for employment, income and60 words
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Article31 1990-12-01 1 SHARE PRICES opened higher on Wall Street yesterday, with the Dow Jones index of leading industrials gaining 0.25 points to 2,519.06 points in the first five minutes of trading31 words
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Article35 1990-12-01 1 LONDON shares were higher at midday yesterday. At about 12:15pm (1215 GMT) the Footsie 100-Share Index was up 8.3 points, or 0.3 per cent, at 2,143.9. Volume at midday was 198.2 million shares.35 words
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Article28 1990-12-01 1 A LEADING manufacturer of flavours and fragrances has relocated its operations from Hongkong to Singapore with the opening of its $8 million factory yesterday Page 228 words
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Article36 1990-12-01 1 THE NATSTEEL group has put in the highest bid of 131 million in Singapore's biggest land sale which is to turn 126 hectares in East Coast into a lucrative leisure proposition Page 336 words
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Article32 1990-12-01 1 TEXAS oilman T Boone Pickens will comply with a new rule requiring him to disc Jose information about his holdings in Japanese car-parts maker Koito Manufacturing Co Ltd Page 432 words
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Article, Illustration29 1990-12-01 1 Friday Change BT-MGA 549.04 -0.29 Kuala Lumpur ....464.71 -0.91 Hongkong 2.965.06 -13.29 Tokyo 22,454.63 -257.97 Sydney 1319.6 -18.8 Thursday Change New York 2.518.81 -16.34 London 2,135.6 -8.729 words
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Article18 1990-12-01 1 Exchange rates USS ssi.7185 Yen SSI.2945 MS SS0.6358 Money market rates Overnight 5-3/4 +1 3-montn 5-15/16% +5/1618 words
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Article35 1990-12-01 1 London Gold AM fix US$384.80 -US$0.45 Rubber S'porc Dcc l55.25Vkg -0.25 M'sia Dcc 242.50«/kg unch KL Tin Turnover 16 tonnes +2 Spot M$l5.72/kg +0.17 Crude palm oil Turnover 2,070 lols -401 Dcc M$847/tonnc +1435 words
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Article, Illustration301 1990-12-01 1 Suzanne Soh - Jy Suzanne Soh RESULTS released by four listed retailers yesterday paint a grim picture for the entire retail industry, even for those operating in the prime Orchard Road area. The four Metro, its subsidiary Transmarco, CK Tang and Sesdaq-ksted The Hour Glass cover301 words
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380 1990-12-01 1 Lee Han Shih - By Lee Han Shih IN A MOVE that could have a great impact on the local property market, Ng Teng Fong has started to sell his properties along Orchard Road. Yesterday, the market mover, through his listed Ming Court Hotel, entered380 words
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Article298 1990-12-01 1 The Gulf Crisis THE United Nations Security Council on Thursday authorised military force to remove Iraq from Kuwait if it does not withdraw its troops and release all hostages by Jan 15 but Baghdad said it would defy the UN ultimatum. Only Cuba and Yemen298 words
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Article141 1990-12-01 1 MOST ASIAN stock markets fell yesterday over fears of a war in the Gulf after the UN Security Council told Iraq to get out of Kuwait. Tokyo stocks closed down but well off their lows. The key Nikkei index fell more than 700 points on a141 words
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325 1990-12-01 1 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad's yesterday urged Malays and Malaysians to look towards developing a more progressive and respected nation. "The Malays can be equally successful as the other races in this country. And this country, with its multiracialBernama - 325 words
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148 1990-12-01 1 AP THE UNITED States government's chief economic forecasting gauge fell in October for the fourth straight month, the government said yesterday, signalling a recession that many economists believe is already underway. The 1.2 per cent plunge in the Commerce Department's Index of LeadingAP - 148 words
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Page 1 Advertisements
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Advertisement98 1990-12-01 1 Nikon TtwWbrid'tFtoMt Photographic Sytftm. COVER And once there was a boy nOP j| named Pietro 5|W Aircraft Schedule B- Commodrties Company News J Cryptic Crossword [lecuttve lobs tl Futures Options J® Interbank Fore* Rates Home News KISE Money Changer Rates Money Market Regional Stock Markets SFS lUt Shtps m Port98 words
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Advertisement16 1990-12-01 1 OPINIONS Standing first among equals. EL 2 A little compassion goes a long way. EL 216 words
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Advertisement135 1990-12-01 1 PURSUITS MvJ PfHRf JM after death.... isn't there? i EL7 i i Contributions from associates lift Metro results, Pr 3 WANT YOU TO RIDE FOR ME AT ROYAL ASCOT. I i AI nT 'k *JP t MbDHI E Mi A A II 8 OMEGA. The watch that records the world's135 words
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Advertisement16 1990-12-01 1 SPORTS Learning to make the muscles remember. EL 6 Drugs used by E Germans. EL 616 words
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Advertisement21 1990-12-01 1 Nikon TtwWbrid'tFlnMl PtMHuyiapUte SytfMn. FINANCE Sterling rides out the storm. EL 10 Laughing all the way to the bank. EL 1121 words
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Advertisement20 1990-12-01 1 JOBS Fancy tides make sense sometimes. EL 8 Helping the retrenched. EL 8 Bush confident of economic recovery, Back Pg20 words
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HOME NEWS
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NEWS ROUNDUP
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74 1990-12-01 2 THE Minister of Home Affairs, Mr S Jayakumar, has lifted the Prohibition of Entry order made against Dominic Puthucheary, James Joseph Puthucheary, S Woodhull, Fong Swec Suan, Jamit Singh, Lim Shee Ping, Yap Ser Jin, Abdul Samad bin Ismail and Chan Chiaw liior. The74 words
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Article43 1990-12-01 2 BP OIL has reduced the prices of its jet fuel and premium kerosene by US$O.2O a US gallon. The new prices are US$l.l3 for aUS gallon of jet fuel, and US$l.l6 for aUS gallon of premium kerosene.43 words
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Article47 1990-12-01 2 THE Singapore Board of Commissioners of Currency will be issuing $2 notes and making them available to banks from Jan 28, 1991. Part of the current series of notes bearing the 'Ship' theme, they will depict a local vessel known as a 'tongkang'.47 words
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Article44 1990-12-01 2 THE first group of the Ngee Ann Polytechnic's mass communication students is hosting a seminar called 'Comm Power Tomorrow's Professionals with the Right Stuff* today. The seminar is to bring together Singapore's communication practitioners to share their ideas and expertise.44 words
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Article51 1990-12-01 2 THE SINGAPORE Tourist Promotion Board yesterday launched a package giving Singaporeans a $5 discount to 15 popular attractions including Haw Par Villa and the Singapore Zoo. This is to celebrate the arrival of Singapore's five millionth visitor this year expected sometime over the next two51 words
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Article67 1990-12-01 2 THE Sharity Gift Box was yesterday opened for the third consecutive Christmas by Dr Tay Eng Soon, Senior Minister of State for Education. All gifts received at the "box" opposite Centrepoint will be presented on Christmas Eve to residents and members of 39 charities under the67 words
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Article35 1990-12-01 2 THE Speedpost Service will be introduced on a reciprocal basis with Hungary, Maldives, Spain and Sri Lanka from today. With these additions, Speedpost service is now available to 53 countries.35 words
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Article239 1990-12-01 2 Anne Lee - By Anne Lee A LEADING manufacturer of flavours and fragrances has relocated its operations from Hongkong to Singapore with the opening of its $8 million factory yesterday. Dragoco Gerberding's decision to shift here was due to the brain drain and the rising cost of239 words
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62 1990-12-01 2 THE Singapore International Monetary Exchange has approved in-principle the admission of Fuji Futures (Singapore) Pte Ltd as a corporate clearing member. Fuji Futures is a whollyowned unit of Fuji Bank Ltd, the first Japanese bank to obtain in principle approval for corporate clearing62 words
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280 1990-12-01 2 Rahita Elias - By Rahita Elias SINGAPORE Airlines and British Airways yesterday signed a cargo systems cooperation agreement, said to be the first of its kind between a major Asian and a leading European carrier. The joint cargo systems arrangement involves an electronic link-up between the280 words
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Article, Illustration302 1990-12-01 2 Lee Han Shih - By Lee Han Shih THE GOVERNMENT is acquiring one of the most historic sites in Singapore the large Tyersall Park next to the Botanic Gardens from the estate of the late Abubakar, the Sultan of Johor. A short announcement from the Law Ministry yesterday said302 words
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SHIPS IN PORT
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Article527 1990-12-01 2 Vend Voy Wo Berth frrivd Departs* Vwsti «ty Ho B«rth faM Ogartuw Kepflpl Wharves Mahkota hp *****1 M3B atongsde 3011/2300 Andaman Pees 04/90 (P) K29 alongside 30.11/1800 Sor Hadyaiun ***** MSA alongside 3011/2300 kitn 2 K32 atongside 02.12/0600 Sri Arika 16/90 M4B alongside 30.11/1700 Kota Nb|u E«75527 words
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Article1310 1990-12-01 2 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Record Boott«/B*nce tofts Ship Voy No Elb/Btr Period From To From Ato 69S 02/2245 3 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 Al Stan* 75 02/0700 2 30/1700 01/0659 01/0900 3 01/0700 01/1159 01/1400 Ar JayaUta ***** 02/0300 2 30/17001,310 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration383 1990-12-01 3 Elaine Koh - Sale of STPB sites in East Coast By Elaine Koh THE NATSTEEL group has put in the highest bid of $131 million in Singapore's biggest land sale which is to turn 126 hectares in East Coast into a lucrative leisure proposition. Close on383 words
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504 1990-12-01 3 Amy Balan - By Amy Balan THINGS are definitely looking much better at Marina Centre Holdings, an associate company in which Singapore Land is keen to raise its stake. Not only had MCH's legendary losses narrowed last year, with a return to the black expected this504 words
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156 1990-12-01 3 Bernama HONG LEONG Credit Bhd has been admitted as a corporate member of the Kuala Lumpur Stock Exchange following its move to acquire a 51 per cent stake in stockbroking house Zalik Securities. James Lim, its senior group managing director, said yesterday that withBernama - 156 words
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652 1990-12-01 3 William Chia - THE HOCK LOCK SIEW COLUMN By William Chia THE RECENT announcement by the Malaysian Hong Leong's flagship property group, Bedford Bhd, that it has acquired 21.4 per cent of former electrical product-turned-gaming group Mycom Bhd has attracted a number of questions652 words
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579 1990-12-01 3 Susanne Soh - By Susanne Soh A HIGHER contribution from associate companies has enabled Metro Holdings to report a group after-tax profit of $2.83 million for the halfyear ending Sep 30, a reversal from a near $1 million loss situation in the same period last year. The group's579 words
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COMPANY BRIEFS
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Article32 1990-12-01 3 OVERSEAS Union Securities has appointed Mr Sum Soon Lim, executive vice-president of Overseas Union Bank Ltd, as an additional director with effect from November 30, 1990.32 words
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Article74 1990-12-01 3 SUMMA Investments Ltd has replied to the Stock Exchange of Singapore's queries about Gladioli Investments and Monticn International Ltd. It said that Mrs Endang Utari Mokodompit was the sole shareholder of Montien International, which is incorporated in the British Virgin Islands. Gladioli's share of the Bugis74 words
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Article77 1990-12-01 3 HOTEL Grand Central is purchasing a 54,520 sq ft of commercial land in Johor, Malaysia for M 59.81 million. The company announced yesterday that the vendor is Sembaru Bhd and the property comprises three lots of land located at Jalan Tebrau and Jalan Datuk77 words
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Article54 1990-12-01 3 PRIMA Ltd has announced that two of its directors, Messrs Cheng Tsang Man and Cheng Chih Kwong, have increased their stake in the company by acquiring a total of 650,(XX) shares of $1 each at $5.25 per share. The shares have been registered under Chengs54 words
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Article72 1990-12-01 3 IMC HOLDINGS Ltd has reported a profit before tax of HK588.42 million (HK5238.92 million) for the six months ended September 30, 1990. This was achieved on a turnover of HK5176.42 million (HK5161.87 million). No provision for tax is required for the six months under review. Its72 words
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Article29 1990-12-01 3 INTRACO has acquired the total shares of Sintra Marine International and Intraco Motors, which were incorporated on September 28 and October 8, 1990 respectively.29 words
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Article95 1990-12-01 3 LEISURE Holidays Sdn Bhd. a leisure and accommodation company associated with the MBf group which started its business only three years ago, is becoming a property developer, specialising in tourism-related properties. The company, which has already built two resorts the MSB.B million leisure bay, a 20-storey condominium95 words
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Page 3 Advertisements
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Advertisement156 1990-12-01 3 BT SURVEYS Looking Wider, Thinking Deeper Some suttfects are of such interest to our readers that they demand more space and more research than can be given in our dally reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap156 words
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COMPANY NEWS
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COMPANY BRIEFS
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91 1990-12-01 4 BLUE-CHIP Hongkong trading house Jardine Mathcson Holdings has proposed a scheme to exempt large Hongkonglisted companies from future securities industry regulations. The company's general counsel Greg Terry said at a seminar that some major firms are worried about subjecting their international assets to regulations91 words
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Article84 1990-12-01 4 FRENCH beverages group Source Perrier has appealed a commercial court decision annulling its rights to Pepsico France's bottling and distribution activities. The Nov 27 court decision would allow Pepsico France's parent company, the US beverage, snack food and restaurant firm Pepsico, to recover the bottling and84 words
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Article97 1990-12-01 4 NORTH BROKEN Hill Peko has closed its scheelite mine at King Island, Tasmania, yesterday because it has not found a buyer. It said the price of scheelite, a tungsten ore mineral, had steadily deteriorated since 1981, making the mine uneconomic. "The market situation is unlikely to97 words
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Article65 1990-12-01 4 KOBE STEEL and the Soviet Union's State Committee for Science and Technology have signed a three-year contract to exchange technical information, a Kobe Steel spokesman said. Kobe and the committee will mainly exchange information on new materials and biotechnology, he said. Kobe is also considering65 words
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Article97 1990-12-01 4 JAPAN'S Asahi Glass said it would acquire a 40 per cent stake in the sheet glass division of the largest glass producer in Czechoslovakia. The Belgian subsidiary of Asahi, Japan's largest comprehensive glass manufacturer, will invest an unspecified sum in the state-run Sklo Union,97 words
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59 1990-12-01 4 SHIN-ETSU Chemical Co will build a plant that will produce an annual 22,000 tonnes of silicone monomers starting in April 1992, a company spokesman said. Shin-Etsu Chemical will invest about 20 billion yen in the plant, which will be built in Gunma prefecture. The company59 words
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380 1990-12-01 4 Reuter BRITISH Steel pic is expected to slash 1,500 to 2,000 administrative jobs in the first few months of 1991 as part of its cost cutting drive, analysts said. "Two thousand are likely to go in the very near term; 25 perReuter - 380 words
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245 1990-12-01 4 Reuter US CARMAKERS have been criticised recently for bringing out "full-sized" cars at a time when oil prices are skyrocketing, but analysts said they have little choice given the industry's weak condition. This year, both General Motors Corp and Ford Motor Co cameReuter - 245 words
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469 1990-12-01 4 Reuter TEXAS oilman T Boone Pickens will comply with a new rule requiring him to disclose information about his holdings in Japanese carparts maker Koito Manufacturing Co Ltd, a lawyer representing Mr Pickens in Tokyo said. "He will disclose what he has to,"Reuter - 469 words
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Article, Illustration56 1990-12-01 4 Reuters managing director and chief executive Glen Renfrew (left) with Peter Job, currently managing director of Reuters Asia after a press conference at Reuters headquarters in London on I hursday. Mr Renfrew will retire on March 1 next year and will be succeeded byReuter picture - 56 words
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437 1990-12-01 4 AP MOBSTERS of Japan's top underworld syndicate have become the second-largest shareholders in a huge textile company in what police say is the largest known case of gangster activity on the Tokyo stock market. Police and company sources said on Wednesday thatAP - 437 words
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532 1990-12-01 4 Reuter UNITED STATES lenders, investment banks and rating agencies arc eyeing a fledgling Japanese asset-backed securities market following Citibank's victory in cracking the tightly-regulated Japanese financial scene. Scars, Roebuck and Co has filed an application after Japan's Ministry of Finance in September recognisedReuter - 532 words
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Page 4 Advertisements
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Advertisement23 1990-12-01 4 Sr pigment foLk*'" |^'.^g f JSjjJ** At last, a multi-purpose highlighter that also works on carbonised and fax paper. RID/2 BLUE GREENPINK r23 words
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Advertisement119 1990-12-01 4 Golfolidayf J 4/5 days Phuket Reßp Dai, y de P arture Thai Holiday Inn Phuket or similar 18 hole golf game Golf transfers, green fee, caddy provided Non golfer from $598 with Phang fi V iMembef of SPH TPL) (Formerly known as Sin Chew Travel) *****28 50 Collyer Quay. Overseas119 words
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FINANCIAL NEWS
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422 1990-12-01 5 Reuter TWO joint ventures involving foreign financial institutions might be set up in Shanghai by the middle of next year, banking sources in Hongkong said. Shanghai said in September that foreign companies could set up joint venture banks and financial companies with Chinese partnersReuter - 422 words
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368 1990-12-01 5 Reuter INCOMING Securities Industry Association chairman Dale Horowitz has urged the US Congress, the White House, the Federal Reserve and the Treasury to hold a financial summit on restoring the structure of the US financial system. "We need to have a financial summit," MrReuter - 368 words
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SMALL CHANGE
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94 1990-12-01 5 THE CHAIRMAN of the Hongkong and Shanghai Banking Corp Ltd, Mr William Purves, warned that labour was no longer a cheap and plentiful commodity in Hongkong and said inflationary wage settlements threatened to erode the colony's competitive edge. "Wage inflation in Hongkong has become94 words
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Article121 1990-12-01 5 DRESDNER Bank AG will need to make relatively large write-offs in its bond and share portfolios to cope with the current market situation, the bank said in a letter to shareholders. Dresdner said profits from trading on its own account had shown above-average growth in the121 words
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Article88 1990-12-01 5 NOMURA Securities Co Ltd plans to open an investment bank unit in Hungary in January jointly with the International Finance Corp (IFC), and two other Hungarian firms, a Nomura official said. Nomura Investment Bank Hungary Rt will be capitalised at 2.4 billion yen and owned88 words
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Article76 1990-12-01 5 DAIWA Europe Ltd, the London subsidiary of Daiwa Securities Co Ltd, said it will start a London-based training programme for middle managers in the Eastern European financial sector early next year. The scheme follows establishment of a joint training initiative for the region between the76 words
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Article, Illustration531 1990-12-01 5 DBS Bank weekly currency review US$/Dm: Bears going into hibernation? LAST FRIDAY'S close above the resistance of 1.4820 was the first hint of possible US dollar rally, which was subsequently confirmed when the greenback continued to trade higher this week. It broke the resistance line joining531 words
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Page 5 Advertisements
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Advertisement289 1990-12-01 5 BEAT IT. WEARNES A RECOGNISED BRAND NAMI SITS THK STANDARD ONCI AGAIN. If you've waited this long to buy a computer, you've been very, very smart. We, at Wearnes Computer Systems, have effected a price revolution in the computer market that s going to take you by surprise. A Wearnes289 words
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Page 5 Miscellaneous
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Miscellaneous11 1990-12-01 5 Dollar$ Non$en$e \|r .1 \qr\ "Send in more green, Mrs. Philbin."11 words
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THE REGION
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NOTE BOOK
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92 1990-12-01 6 INLX)NESIAN President Suharto will visit India in January to attend Republic Day celebrations and hold talks on forging closer relations between the two countries, officials said yesterday. Mr Suharto has accepted India's invitation to be chief guest at the Republic Day parade in New92 words
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Article84 1990-12-01 6 VIETNAM has signed an agreement with the Australian national carrier, Qantas, to open direct air links between the two countries, the official Vietnam News Agency said yesterday. Qantas and Vietnam Civil Aviation's General Company would stage an inaugural flight between Sydney, Melbourne and Ho Chi Minh City84 words
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Article105 1990-12-01 6 BURDENED by too many sheep and too much wool, Australia's wool industry the world's largest exporter is preparing a controversial programme to do something about it. Starting next week, the industry says it will kill 10 per cent of the nation's sheep under a plan105 words
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Article50 1990-12-01 6 CHINA'S State Planning Commission has approved plans by the southern city of Canton to build a 12.7 km underground railway, the Beijing-owned newspaper Ta Kung Pao said. The newspaper, published in Hongkong, quoted an unnamed government official as saying the total investment would be $794 million.50 words
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Article66 1990-12-01 6 FIJIAN Prime Minister Ratu Sir Kamisese Mara said on Thursday that Fiji, which imports most of its food and equipment from Australia and New Zealand, is looking towards Malaysia as an alternative source for these goods. He said before leaving for Singapore after a six-day visit66 words
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Article74 1990-12-01 6 SOME 50 leading figures from the Indonesian arts and cultural world criticised police for banning a satiricaj comedy and called for legal action against the authorities, the leading Kompas daily said yesterday. Prominent playwrights, poets, musicians and others from the Arts Society held an impromptu gathering at74 words
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337 1990-12-01 6 AFP JAPANESE firms operating in South-east Asia came under fire on Thursday for failing to use local parts and train local people. "The time has come for Japanese investors to change their philosophy," Malaysian Industrial Development Authority chairman Abidin Sulong said. Mr Sulong.AFP - 337 words
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Article, Illustration46 1990-12-01 6 Philippine President Corazon Aquino shared a light moment with (from left) Vice-President Salvador Laurel, House Speaker Ramon Mitra, Senate president Jovito Salonga, Senator Aquilino Pimentel and opposition Senator Juan Ponce Enrile after a mass for peace and reconciliation in Manila yesterday.46 words
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306 1990-12-01 6 THAILAND'S Deputy Premier Pramual Sabhavasu earlier this week took to task Finance Minister Virabongsa Ramangkura in a cabinet meeting for his decision to raise the interest rate ceiling on loans from 16.5 per cent to 19 per cent. According to a Nation report,306 words
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376 1990-12-01 6 Reuter THE Philippine government has asked the Supreme Court to reverse its ruling halting the transfer of a Taiwanese petrochemical project, saying the decision could choke foreign investment in the Philippines. "Your decision will ring the death knell of foreign investments in theReuter - 376 words
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463 1990-12-01 6 Reuter ANOTHER easing of Australian monetary policy this year is in doubt despite a sharper than expected contraction in the economy in the September quarter, economists said. Although Treasurer Paul Keating conceded another interest rate cut by year-end isReuter - 463 words
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427 1990-12-01 6 AP COMMUNIST North Korea is set to open a visa office in the Portuguese colony of Macao, seeking tourists and business from capitalist countries, its honorary consul said. Wong Sing-wa, a Hong-kong-based businessman and managing director of DPR Korea-Macao International TourismAP - 427 words
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Page 6 Advertisements
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Advertisement102 1990-12-01 6 FOR WHO, WHAT, WHERE AND WHIN in THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends in102 words
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Page 7 Advertisements
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Advertisement56 1990-12-01 7 Toyota Motor Corporation I I extends its heartiest congratulations to ifiliifL- fc JgLli jll IMWEquipment Systems Pie. Ltd. SUPERIOR PERFORMANCE Toyota's world-first technology helps you work more efficiently 25th Anniversary of your PARTNERSHIP WITH TOYOTA. We thank you for your past co-operation and look forward to your continued support. O56 words
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THE WORLD
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WORLD WATCH
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83 1990-12-01 8 US SECRETARY of State James Baker on Thursday handed over to UN Secretary-General Javier Perez dc Cuellar a cheek for U*****,732,250, as payment towards the US contribution to the world body. The US yearly contributes 25 per cent of the UN budget the maximum83 words
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Article77 1990-12-01 8 SECRETARY-GENERAL Manfred Woerner, saying lessons must be drawn from the Gulf crisis, proposed in London on Thursday an accord within Nato to grant Alliance facilities to members involved in conflicts outside Europe. In a speech to the North Atlantic Assembly, Mr Woerner also ruled out77 words
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Article90 1990-12-01 8 INDUSTRIAL and developing countries agreed in Paris this week to establish a new fund within the World Bank devoted to protecting the global environment. The US, which had resisted the formation of such a fund, has now conditionally agreed, Bush administration and bank officials said on90 words
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Article87 1990-12-01 8 LECH WALESA on Thursday accused former communists of mounting a "counter-revolution" by supporting emigre businessman Stanislaw Tyminski, his opponent in the Dec 9 runoff of Poland's first popular presidential election. "Today this is a challenge from the old nomenklatura, security service, and activists of old Poland who87 words
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Article109 1990-12-01 8 EGYPTIAN VOTERS showed little enthusiasm for Thursday's lacklustre general elections in which victory for the ruling National Democratic Party was a foregone conclusion. Three major opposition parties boycotted the polls in protest against the way the voting was to be supervised, saying there were too109 words
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Article63 1990-12-01 8 CHINESE PRIME MINISTER Li Peng is to visit Malaysia, the Philippines, Sri Lanka and Laos from Dec 10-19, a Foreign Ministry spokesman said in Beijing on Thursday. The last such round of official visits was in August and brought China significant diplomatic gains and63 words
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260 1990-12-01 8 NYT FOR YEARS, American makers of supercomputers have complained that the Japanese government has refused to buy any Americanmade versions of the world's fastest problem-solvers. Now it is the Japanese who are complaining. A few weeks ago, NEC CorpNYT - 260 words
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Article, Illustration497 1990-12-01 8 Reuter JOHN MAJOR, on his first full day as British Prime Minister, played down the huge challenges of beating an economic recession and emerging from the shadow of Margaret Thatcher. Mocked by an opposition Labour Party member about the "back-seat driver" role someReuter - 497 words
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461 1990-12-01 8 Reuter DIFFERENCES have emerged within the European Community on sending food aid to the Soviet Union, with Italy warning that disaster eould ensue if help is long delayed, and other countries stressing the need for caution. As Germans pledged millions of marks worthReuter - 461 words
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298 1990-12-01 8 Reuter WORLD dairy prices slipped this year from record levels in 1989 as production continued to grow, an annual dairy report from the world trade body Gatt said yesterday. But a trend towards lowfat and blended dairy spreads reduced butter consumptionReuter - 298 words
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Article, Illustration342 1990-12-01 8 Impact of the Gulf crisis AP FEDERAL RESERVE Chairman Alan Greenspan can only do so much to ease the pain of oil-price problems from the Gulf crisis, analysts say. He can cut interest rates a bit in hopes of stimulating theAP - 342 words
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445 1990-12-01 8 UPI THE UN Security Council approved on Thursday a resolution authorising use of force against Iraq, but the major United Nations powers called instead for a peaceful solution to the Persian Gulf conflict. The 15-nation council allowed the military measure with a 12-2-1 voteUPI - 445 words
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Page 9 Advertisements
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Advertisement54 1990-12-01 9 im\ai M I t IMW Equipment Systems Pte. Ltd. takes great pride in announcing the 25th Anniversary of our i PARTNERSHIP WITH TOYOTA. We wish to thank all who have encouraged and supported us throughout the years, and look forward to your continued support. A member of umui HiSiSillilUlittiiiiiil Group54 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4662 1990-12-01 10 William Chia - By William Chia SHARE PRICES ended easier yesterday but off the morning's lows as a partial recovery in Tokyo led to late bargain-hunting. The Straits Times Industrials Index fell 2.82 points to end at 1,106.59 after falling to 1,100.36 at the morning close. The4,662 words
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Article3999 1990-12-01 11 Main Board SNP 50* 500 158 28 21.5% UOB Wt 215 +19 +9.7% DBS 930 +15 +1.6% Shangri-La 494 +14 4-2.9% S Unil Wits 228 +13 +6.0% SSE 25* 125 +11 +9.6% SPH 705 +10 +14% LAM Wt 70 +9 +14.8% L&M 50" 193 *63,999 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3874 1990-12-01 12 Bernama SHARE PRICES in Kuala Lumpur closed lower yesterday but off the day's lows following some last-minute buying. The KLSE Composite Index ended 0.91 of a point down to 464.71 after touching 460.16 at the start of the afternoon session while the IndustrialBernama - 3,874 words
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Page 12 Advertisements
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Advertisement126 1990-12-01 12 husbands who On Sept 18, a young accounts clerk died in agony after her husband lit a match and set her on fire. What are the early warning signs of men who hound, even kill, their wives or girlfriends? Don't miss too in December s Her World WHAT SINGAPORE WOMEN126 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2223 1990-12-01 13 Reuter TOKYO STOCKS closed lower yesterday but well off their lows. The key Nikkei Index Jell more than 700 points on a weaker yen in the morning session, but recovered more than hall of its losses in the afternoon on buyingReuter - 2,223 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2306 1990-12-01 13 SHARE priccs ended lower in thin turnover after rebounding from their lows after the Tokyo market recovered some ot its earlier losses, dealers said. "The Nikkei's recovery in the afternoon lent a little bit of support to the Hongkong market said James2,306 words
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Page 13 Advertisements
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Advertisement23 1990-12-01 13 IFOR SUCCESSFUL YOUR BUSINESS Each Monday MANAGEMENT pages in Read CHARTPOINT, a guide to investing in the stock market. Every Saturday in BT.23 words
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REGIONAL STOCK MARKETS
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Aussie stocks end lower on Gulf fears
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348 1990-12-01 14 In local cui rrency IB S$ la US$ day year day year day year NOV 29 Index change change change cl lange cnange ci tange World fEAFF. Europe Pacific Far East 347.6 457.4 366.3 741.9 961.6 -04 -0.8 -0.3 -1.2 -1.3 -25.2 -32.8 -18.7 -41.4348 words
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Article93 1990-12-01 14 INDICES TURNOVER Close Nov JO Previous SYDNEY All Ordinance Index All Industrials Index All Resources Index Turnover (million) 1311.6 1987.1 802.4 111.62 1338.4 2014 6 816.3 81.68 188 -27.5 -13.9 29.94 BANGKOK SET Index Turnover (million) 544.30 1.200.0 558.20 1.186.1 -13.90 f 13.9 JAKARTA Composite Index Turnover (nearest "(XX)) 382.20.93 words
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Article1016 1990-12-01 14 AUSTRALIAN shares slumped to their lowest level in three weeks yesterday as investors became anxious over the UN Security Council's decision to back the use of force against Iraq if it refuses to quit Kuwait. Brokers said the market recorded its largest one-day fall for the month in heavy1,016 words
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Article627 1990-12-01 14 THAI share prices finished lower in thin trade as bearish sentiment over economic and political uncertainty continued to dominate the market, brokers said. The SET Index fell 13.90 points to end at 544.30 in volume of 1.2 billion baht. Declines led advances 138 to 23. Most active were Asia627 words
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Article364 1990-12-01 14 TAIWAN stocks finished sharply higher on strong financials in volatile trade yesterday, dealers said. The weighted index surged 167.13 points, or four per cent, to end at 4,377.27 compared with Thursday's 4 210.14 finish. Turnover rose to NT566.9 billion from NT554.5 billion. Dealers said investors did not consider the364 words
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Article301 1990-12-01 14 NEW ZEALAND share prices bounced around to close at another six-year low in quiet trade yesterday. Carter Holt Harvey, which yesterday posted a NZ577.86 million first half profit, down from NZ$9l.OB million the corresponding period last year, was initially sold down to NZ$2.O5 on the news but then301 words
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Article742 1990-12-01 14 SEOUL stocks rose in moderate trade yesterday with buying focussed on shortterm finance and securities firms on fa- vourable investor sentiment towards the government's plans to streamline the financial sector, brokers said. The composite index closed at 697.03, up 4.48 points from Thursday's close. Turnover was 204 billion won742 words
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Article581 1990-12-01 14 Reuter MOST prices on the Jakarta's regular market closed lower yesterday, with the official index down 2.59 points at 382.20. Volume fell to 1.43 million shares from Thursday's 1.44 million. Cigarette shares were well traded on the big board, with Sampoerna and Gudang Garam leading the market. They saidReuter - 581 words
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Article379 1990-12-01 14 Manila 29 No* Ptso +/-Vol C000) Abra Mining .01 unch 5000 Alcorn M A 013 unch *****0 Anglo Phil A 005 Anscor A 1. 120 unch 130 Anscor B 3.500 Apex Mining A .006 +.001 ***** Ape* Mining B .006 Atlas Cons A 22.250 .250 19 Atlas Cons B 24.000379 words
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Page 14 Advertisements
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Advertisement25 1990-12-01 14 Closing prices for all markets except Taipei are provided by Telerate. Read Chartpoint, a guide to investing in the stock market. Every Saturday in BT.25 words
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WORLD STOCK MARKETS
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Sectional gains fail to stop Dow slide
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Article, Illustration1018 1990-12-01 15 POCKETS of strength in the drug and technology scctors and continued gains in small-capitalisation issues on Thursday failed to offset the US stock market's jitters about a possible war in the Mideast. A news report that British troops in Saudi Arabia had been put on a raised alert1,018 words
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Article, Illustration850 1990-12-01 15 UK SHARES wiped out early losses to stand higher in morning trading yesterday, as fears of a Gulf war failed to scare the market. News the United Nations has endorsed a US resolution authorising the use of force if Iraq fails to leave Kuwait by Jan 15 initially hurt850 words
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Article292 1990-12-01 15 DUTCH shares started with a positive tone in quiet trade yesterday supported by a firmer dollar and steady British and German bourses. After an hour's trade the CBS Tendency Index was 0.2 points higher at 94.5. Business remained thin, although Thursday's UN Security Council resolution brought some investors back292 words
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Article172 1990-12-01 15 GERMAN share prices jumped nearly one per cent at the opening, lifted by the strength of the dollar and speculative buying ahead of the first free German elections in nearly six decades on Sunday. The 30-sharc DAX index climbed 13.27 points shortly after opening to 1,432.19, but then cased172 words
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Article333 1990-12-01 15 JOHANNESBURG share prices drifted aimlessly on Thursday in dull and uncertain trading as unpredictable swings in the financial rand continued to leave the market floundering in search of clear direction, dealers said. After surging to a 3.42 per dollar closc on Wednesday the restricted foreign investment currency fell back333 words
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Article220 1990-12-01 15 SHORT-covcring helped Italian shares recover at the opening of settlement day of the November trading account, brokers said. The MIB index was shown one Dcr cent at 1030 GMT. "There was some caution at the start, but settlement went smoothly and this triggered the buying," one dealer said. There220 words
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Article131 1990-12-01 15 FRENCH share prices were steady at midscssion as the market appeared to have already discounted the United Nations Security Council resolution authorising the use of force against Iraq, traders said. The CAC-40 index was up 1.00 point at 1,608.06 at 1205 GMT. "We've been hearing about war for months131 words
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Article61 1990-12-01 15 PRICES on the Stockholm bourse fell anew yesterday after Thursday's gains due to increased worries of a possible war in the Gulf after last night's UN security Council resolution, dealers said. By mid-morning, the bourse general index had lost 0.35 per cent to 815.99 in moderate turnover of 10861 words
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Article389 1990-12-01 15 FEARS of a Gulf war sent Toronto stocks tumbling to close near session lows on Thursday, dealers said. US officials said they had no reports confirming rumours that shots had been fired in the Gulf, but refused to say if shots had been fired over the bow of a389 words
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Article342 1990-12-01 15 Reuter SWISS shares closed a directionless session on Thursday little changed as investors stood sidelined ahead of the UN security council's vote later on Thursday on whether to authorise the use of force against Iraq, dealers said. They added Wall Street's lower opening, Frankfurt's mixed close and high SwissReuter - 342 words
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Article119 1990-12-01 15 Brussels No* 29 Kraaa FORWARD MARKET Accc 2775 M75 Arhcd 3010 unch Aslur 980 -24 Brascan 3X0 Canpac 492 unch Cock 132 -5 Dc Beers 580 H4 Hbcs 4450 35 (■b-lnno-Bm.. 1082 Cicvaert 6300 -120 (»r Bru Umh 3400 -15 I lobok Pet ***** f 25 Ryl Dutch 2430 +15119 words
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Article93 1990-12-01 15 INDICES TURNOVER Nov 29 lose Previous NEW YORK 1 X>w Jones 2.518.81 2.535.15 -16 34 NYSF. Financial 115 55 116.41 -0 86 S&l' 500 316.42. 317.95 -1.53 Turnover (milium) 141 146 -5 LONDON Financial rimes 30 1.674.8 1.686 21 -11.4 FTSF. 100 2.135.6 2.144 32 -8.7 Turnover (million) 415.4 381.593 words
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Page 15 Advertisements
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Advertisement6 1990-12-01 15 Innovation Technology in BT every Tuesday6 words
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CURRENCY, MONEY & FUTURES MARKETS
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1226 1990-12-01 16 REPORTS THE DEUTSCHEMARK and yen yesterday opened sharply lower against the US dollar in Frankfurt on the back of comments by US Federal Reserve chairman Alan Greenspan and the UN vote authorising the use of force against Iraq. Mr Greenspan's remarks this1,226 words
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Article387 1990-12-01 16 Cross rates Nov 30 US$ SS MS Dm Yen SFr AS NZS USS 1.7180 2.7045 1.5030 133.15 ***** 1.2800 1.2920 1.6447 SS 0.5821 1.5742 0.8749 0.7750 0.3002 0.745 0.7520 0.9574 MS 0.3698 63.52 0.5557 0.4923 0.1907 0.4733 0.4777 0.6081 Dm 0.6653 1.1430 1.7994 88.59 0.3431 0.8516 0.8596387 words
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135 1990-12-01 16 AFP THE head of New Zealand's largest public company yesterday demanded the sacking of Reserve Bank Governor Don Brash and senior officials of the central bank and Treasury. Hugh Fletcher of Fletchcr Challenge Ltd said in an opening address to an economic conferenceAFP - 135 words
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346 1990-12-01 16 Coupon Intweat Number Indleattv* Oraw Maturity Y*ar Amount of day* of *7 redemption ralMd rat* <% P») payment dates accru*d Interest (•xciudlng accrued lnt*r**t) yivto P«) 1.4.91 N*****0E 1989 4 7/8# 500.00 1/4 1/10 60 100.40# 3.64# 15.4.91 Loan 1 1976346 words
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Article1220 1990-12-01 16 SIMEX EUtOOOUJUl Opcii High Low Sett Est Vol Op/lnt Vol Doc 90 91.67 91.73 91.64 91.70 8000 ***** 487? Mar 91 92.15 92.28 92.15 92.25 ***** ***** 9536 Jun 91 92.35 92.43 92.34 92.43 4300 8117 2644 Sep 91 92.33 92.41 92.32 92.41 1200 2440 1732 Doc 911,220 words
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Article560 1990-12-01 16 Interbank rates S$ Bid Offer Overnight 5 3/4 6 1-month 5 11/16 S 13/16 2-month 5 13/16 S IS/16 3 month 5 15/16 6 1/16 Overnight mode: 5 US$ Bid Offer 7 days 7 13/16 7 15/16 1 month 8 13/16 8 15/16 2 months 8 7/16 8560 words
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COMMODITIES
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376 1990-12-01 17 Reuter A RECENT spate of companies leaving the London gold market or rationalising their operations is a symptom of a deep structural change in the market which has come to a head in the past year, analysts said. Gold has beenReuter - 376 words
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348 1990-12-01 17 Reuter A CRITICAL early period will determine whether a new white rice futures contract in London will transform trade in the commodity or see interest quietly fizzle out, traders said. The London Futures and Options Exchange (FOX) launched the contract yesterday.Reuter - 348 words
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847 1990-12-01 17 REPORTS THE tin pricc on the Kuala Lumpur Tin Market continued to gain ground, closing 17 sen higher at M 515.72 per kg in very thin buying interest. Besides the steadier overnight close on the London Metal Exchange which was up by847 words
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Article1433 1990-12-01 17 Rubber Nov 30 MS(fcH«b«te») S cents/kg Noon Close Int I RSS Prompt I55.50/156.50N 155.25/156.25 Int I RSS Dec 90 155.50/156.50 155 25/I56.25N Int I RSS Jan 91 154.25/154.75 154.00/154.50N Int 2 RSS OP 149.00/151.00N 149.00/151 OON Int 3 RSS OP 144 00/146.00N I44.00/I46.00N Int 4 RSS OP I40.00/I42.00N 1401,433 words
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Page 17 Advertisements
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Advertisement7 1990-12-01 17 Executive Jobs every Saturday in Business Times7 words
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Advertisement757 1990-12-01 17 NOTICES 1 ONfTED INDUSTRIAL CORPORATION LTD (hcorpoiMad r ta tapuMc o( Sang^m) LOST SHARE CERTIFICATES Applications have been made to the Directors of the abovenamed company to issue duplicate certificates m place of the following share certificates which have been reported lost or destroyed Nttfiaa CnHlcalw Nr Ma— slfMMgb *****490757 words
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Article, Illustration327 1990-12-01 18 Yong Pow Ang - Gatt trade talks By Yong Pow Ang DEPUTY Prime Minister, Lee Hsicn Loong, will be attending next week's final meeting of the Gatt Uruguay Round negotiations in Brussels, after which he will pay a five-day visit to France. Brigadier-General (Res) Lee, who327 words
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Article367 1990-12-01 18 AFP JAPANESE businessmen yesterday called for new trade and investment strategies for Asean to reflect Japan's growing economic ties with the region. "We want Asean nations to reach the same level as us," Nissan Motor Co Ltd chairman Takashi Ishihara said. Otherwise, Japan would notAFP - 367 words
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246 1990-12-01 18 AFP SHARP increases in food and energy prices pushed Japan's inflation rate to its highest point in eight years, the Management and Coordination Agency said in a preliminary report yesterday. Consumer prices in Japan jumped 3.5 per cent in October from a year earlier,AFP - 246 words
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191 1990-12-01 18 Reuter CHINA and Thailand plan to expand their trade by 20 per cent next year in an agreement signed in Beijing, official reports said. Thailand will export rice, sugar, rubber, tapioca and tapioca products for Chinese petroleum, oil products, cement, coal, cotton, medical and otherReuter - 191 words
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378 1990-12-01 18 NYT AFTER MEETING with his economic advisers, US President George Bush reiterated his confidence on Thursday that the nation's economy would improve soon. In a brief speech to the Association of Bank Holding Companies, meeting in Washington this week, the President said: "We are inNYT - 378 words
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Article, Illustration37 1990-12-01 18 Smoke billows from the Brussels stock exchange, and it isn't due to overheated rumours. The fire broke out early yesterday, causing extensive damage to the ornate 19n century building. There were no injuries.37 words
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251 1990-12-01 18 AFP SOUTH KOREAN President Roh Tae-Woo said that growth in foreign trade was the only path to prosperity, calling for Seoul trade volume to reach US$2OO billion by the mid-*****. Speaking at an annual Trade Day ceremony to decorate exemplary traders, Mr Roh saidAFP - 251 words
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296 1990-12-01 18 Bernama EUROPE is trailing behind Taiwan and Japan in the rapidly expanding investment in Malaysia's manufacturing sector, International Trade and Industry Minister Datuk Scri Rafidah Aziz told a group of British manufacturers at an investment seminar in London. In the speech, read by Malaysia's HighBernama - 296 words
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Page 18 Advertisements
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Advertisement29 1990-12-01 18 (saccM.) din nine leather Collection If you're an expert in your field you'll know that we're the expert in ours. pTHE BEST VALUE. CALL: *****22 FOR ENQUIRIES. FAX: *****6529 words
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Advertisement9 1990-12-01 18 Japanese investors in S-EA come under fire, Pg 69 words
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Advertisement5 1990-12-01 18 (sArchi®) (a niline Leather Collection5 words
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Executive Lifestyle
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Article, Illustration1155 1990-12-01 19 Samuel Ee - French designer Pierre Cardin started out as an Italian. Little did he know that by changing his name, he would grow to be a pioneer in the fashion industry. Samuel Ee speaks to the tycoon who does everything from clothes to designer1,155 words
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STRAWS IN THE WIND
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Article41 1990-12-01 19 NOW who says stat boards aren't understanding? For those who've never been able to figure out HDB's rules and regulations, the board recently called a press conference aptly titled "Defect Rectification and Overcoming the Overdose of Rules and Regulations".41 words
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Article62 1990-12-01 19 A GROUP of people were eating and drinking merrily when a prominent MP walked in to have dinner. Although they'd prettv much finished, they decided to wait until he had finished. Not so much out of respect or anything, but because there were a lot of cops around62 words
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Article25 1990-12-01 19 HERE'S another addition to the load of dating agencies with fancy names: Introducer. Sounds like a brand of insecticide though, said one sceptic.25 words
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Article81 1990-12-01 19 HEARD at the Cellar the other day. The group, Terry, Hans and Philip singing these lyrics to the tune of Eric Clapton's Cocaine: "He's alive, he's alive, he's alive, Hussein" followed by "He'll be dead, He'll be dead, He'll be dead, Hussein." They may not be very81 words
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OPINIONS
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239 1990-12-01 20 Stephen Ng - LETTERS TO THE EDITOR Stephen Ng Managing Director The Wharf (Holdings) Ltd I REFER to the article "Satellite TV dishes out egg on the faces of cable partners" in the Hock Lock Siew Column (BT, Nov 20). Firstly, it is important239 words
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303 1990-12-01 20 Dr Eugene Ung - Dr Eugene Ung I REFER to The Bottom Line commentary "Decisions Please" (BT, Nov 29), in which you advocated use of the land at Nelson Road for economic rather than for environmental purposes with intangible material benefits. I hold the contrary opinion. I303 words
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971 1990-12-01 20 Elaine Koh - Elaine Koh says that we can do something about looking after the rights of animals Elaine Koh The writer is a BT journalist ANIMAL rights may seem a quixotic notion at best, but it !s a concept that has long been entrenched in971 words
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Article, Illustration957 1990-12-01 20 Suzanne Soh - On Wednesday, both Singapore and Britain saw changes in their political leadership. Suzanne Soh reflects on the contrast and similarities in the handover of power Suzanne Soh The writer is a B1 journalist GOH Chok Tong and John Major kept their dates with destiny on Wednesday957 words
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1072 1990-12-01 20 Anna Teo - Anna Teo on her reactions to the swearing in of Mr Goh Chok Tong as prime minister Anna Teo The writer is a BT journalist IT was not a previewer's pick, though a select group of advertisers, banking on the wide viewership1,072 words
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EPICURE
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Article, Illustration679 1990-12-01 22 Quek Swee Peng - Quek Swee Peng lunches at one of Goodwood Park's two Chinese restaurants Quek Swee Peng IT COULD sometimes prove difficult for restaurants in hotels to build up a separate identity. Even more difficult it would be if the restaurants are similar in some respects though remainingPunch (Haefeli) - 679 words
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LIFESTYLE
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Article, Illustration1017 1990-12-01 23 Laura Cunningham - By Laura Cunningham NYT BEFORE I discovered high tea, I knew only low tea, the sad, sodden tea bag oozing its last in the base of a plain crockery cup. Or worse the ignominy of lowest tea, takeout tea from the deli, a tepidNYT; Goodwood Park Hotel - 1,017 words
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Article, Illustration725 1990-12-01 23 N K Yong - Air Canada a great way to wine WINE By N K Yong Dateline: Nov 3,1990, on board Air Canada AC 889, en route to lujndon. IT IS ten in the morning according to my bodytime, we have just left Bombay where it was lam, and there are still a good725 words
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Article, Illustration433 1990-12-01 23 Sybil Holloway - BRIDGE By Sybil Holloway COUNTING the hand gives the declarer or the defenders a chance to gain information on the distribution of the hidden hands and to make the right decision in determining how to play a particular suit. When today's deal turned up at a weekly433 words
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SPORTS
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Article, Illustration641 1990-12-01 24 Paul Ramani - Paul Ramani reports on the golf school which will teach everything about golf Paul Ramani THE Ryder School, Singapore's first golf school and believed to be the first in South-east Asia will open its doors on Jan I next year. The school, to641 words
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438 1990-12-01 24 AP SIX-TIME Olympic swimming champion Kristin Otto, long jumper Heike Drechsler and several other top East German athletes have been named by a magazine as long-term users of perfor-mance-enhancing drugs. Slern magazine said in Wednesday's edition it had obtained a confidential East German documentAP - 438 words
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SIDE LINES
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73 1990-12-01 24 MILLIONAIRE optician Alain Afflelou has taken over scan-dal-hit and financially troubled French soccer team Bordeaux. The Algerian-born Afflelou, a dynamic businessman who boasts France's largest chain of opticians' outlets, was elected president in place of Claude Bez who resigned on Monday after being charged with73 words
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57 1990-12-01 24 PAKISTAN'S cricket tour of India, thrown into doubt by political tension over the disputed Kashmir state, is set to go ahead following approval on Wednesday by the Indian government. A government spokesman said the Indian cricket board was told there were no objections to57 words
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Article66 1990-12-01 24 WILLIE MILLER, capped 65 times by Scotland, announced his retirement from soccer on Wednesday. Miller, 35, was forced to quit after 18 years with Scottish premier league club Aberdeen on medical advice. He has played only five games since suffering a serious knee injury as66 words
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Article75 1990-12-01 24 TWO THOUSAND Italian soccer fans clashed with Austrian police during a UEFA Cup third round first leg match between Vienna club Admira Wacker and Bologna on Wednesday. As Italian side Bologna went in two goals down at halftime their fans tried to tear down the75 words
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Article80 1990-12-01 24 ENGLAND bundled out the Australian Cricket Academy for a meagre 95 in 42 overs at St Peter's College on a pacy wicket in Adelaide on Thursday. Both Devon Malcolm and Gladstone Small claimed three wickets, the latter conceding only seven runs in as many overs. All80 words
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Article66 1990-12-01 24 THE US governing body for athletics said on Wednesday it would not hold national championships in states which do not recognise the birthday of civil rights leader Dr Martin Luther King Jr as a legal holiday. The resolution, which affects Arizona, Montana and New Hampshire, was66 words
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Article66 1990-12-01 24 CHRIS DICKSON fought back on the second day of the world match race yachting championship on Thursday, chalking up three wins in a row and ensuring the defending champion has a chance to make the semi-finals. However the New Zealand skipper, who has dominated the world circuit66 words
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PURSUITS
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Article, Illustration654 1990-12-01 25 Jaime Lye - There's life after death isn't there? An incredulous Jaime Lye finds out what makes things go bump in the night in the movie Ghost Jaime Lye SOME ghosts like to sneak up on you, pat you on the back and say: "Boo". Others like to throw things at you if654 words
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Article, Illustration663 1990-12-01 25 RINGO LIEW - CD Review By RINGO LIEW GEORGE BENSON: Big Boss Band featuring the Count Basie Orchestra PEOPLE who have survived blind dates can understand the problem facing George Benson and the Count Basic Orchestra on this album. Each comes with impressive credentials. Benson made a name for663 words
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Article, Illustration359 1990-12-01 25 Samuel Ee - Samuel Ee keeps his ear to the ground to find out what rare offerings the TV channel has in store for viewers Samuel Ee This Christmas, forget about watches or Walkmans. Ask for a stereo TV. And it doesn't matter if you already have one, bccausc359 words
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JOBS
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Article, Illustration817 1990-12-01 26 S N Vasuki - Fancy titles make sense sometimes If clothes make a man, do job designations describe his position in an organisation? S N Vasuki finds out. S N Vasuki WHAT happens when a window cleaner describes himself as a "Transparent Wall Maintenance Engineer" or a waiter as a "customer service manager"? It817 words
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Article, Illustration402 1990-12-01 26 Robert J Neidermire succeeds John W Gander as Northwest Airlines' general manager for Singapore and South-east Asia. Mr Neidermire joined Northwest in 1981, working in the Pension Investment Section at the airline's Minneapolis/St Paul World Headquarters. He subsequently held other important posts in the corporate finance department. Diane402 words
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1008 1990-12-01 26 Elaine Ng - Companies are moving away from the era of a lump sum payment plus a handshake and are talcing a more supportive approach towards employees who are no longer needed or wanted, says Elaine Ng Elaine Ng The writer is senior consultant with compensation and employee1,008 words
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Article1061 1990-12-01 27 City Flight ETA Flight ETD Adelaide SQ228 1910 QF82 2115 QF81 2010 Amsterdam SQ23 1345 KL838 2115 KL837 1505 SQ24 2200 Athens 0A471 0015 Auckland NZ21 1720 NZ22 1830 SQ338 2030 BA12 2200 Balikpapan GA525 1450 Bandar Seri SQ182 0915 Begawan SQ181 1410 Bangkok QF62 11351,061 words
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THE TRAVEL PAGE
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Article152 1990-12-01 27 As at 3pm yesterday: I>ocal dollars to one unit of foreign currency C urrencies Bid Offer Australian dollar 1.3230 1.3430 Canadian dollar 1.4650 1.4850 NZ dollar ***** 1.0700 Sterling pound 3.3200 3.3400 US dollar 1.7190 1.7290 Ixical dollars lo 100 units of foreign currency Austrian schilling I6.0S152 words
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Article, Illustration495 1990-12-01 27 LETTER FROM BUDAPEST THE appearance of Budapest, a city of two million which is home to one Hungarian in five, has been determined by the architecture of a relatively short period; a period of barely 50 years which preceded World War I. A feverish495 words
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Article69 1990-12-01 27 Duration Title Venue Organiser Dcc 4-7 Commtd Asia '90 Hongkong Business Convention Industrial Trade *****00 Exhibition Fairs Pte Ltd Centre Dcc 5-7 International Exhibition of Medical Sciences Stockholm Stock holmv massan AB (46)8/*****00 Duration Title Venue Organiser T« Jan 11-14 International NordSalon 1991 Household Villepinte International Appliances69 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration855 1990-12-01 28 Alan Budd - The bad news is, Britain is in recession. The good news, says Alan Budd, is that interest rates are unlikely to rise further. That is not necessarily good news for the pound Alan Budd, Professor Alan Budd is economic adviser to Barclays Bank855 words
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749 1990-12-01 28 Reuter SPECULATION is likely to pervade Philippine stock markets into next year with traders focusing on oil or US dollarearning firms seen spared by economic gloom, share analysts said. Analysts saw a long but relatively gradual decline in Philippine stocks in 1991,Reuter - 749 words
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Article, Illustration687 1990-12-01 28 Large-scale dumping to raise cash ruled out Reuter THE Soviet Union, conspicuous by its absence from the gold market in the second half of 1990, is likely to continue its strategy of gold swaps and cautious sales into 1991, London-based bullion analystsReuter - 687 words
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Article, Illustration758 1990-12-01 29 Diana Oon - Tis the season to be merry, 'tis the season to spend. Diana Oon sniffs out the bargains Diana Oon IT'S THE time of the year once again for bonuses and Christmas and New Year spending. Cash registers are ringing at758 words
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Article682 1990-12-01 29 Prices (as at 29.11.90) Conversion terms Premium/ (discount) Expiry Amount Wrts Share Lnstk Optional" using Gearing 4 Company issued (m units) Conv ratio Exec price Lnstk nom value Cash Cash 1 Lnslk 1 Date MfrS left S CACWt 37.5 0.825 EfFfjl 1.00 3.09 25 3.81 26.4682 words
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Article, Illustration460 1990-12-01 29 Najeeb Jarhom - CHAR^ By Najeeb Jarhom I Najeeb Jarhont is the research manager of Fraser and Roach IN A repeat of its behaviour three weeks ago, the 14-day Relative Strength Indicator of the Straits Times Industrials Index is testing its uptrend line AB.460 words
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DON'T QUOTE ME!
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Article299 1990-12-01 29 DBS SECURITIES really should do something about its fax messages they keep going to the wrong parties. In this column last week, we wrote of the fax sent by a City Developments subsidiary in Hongkong to DBS Sec in Singapore, and we urged299 words
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Article116 1990-12-01 29 SINGAPORE'S no more a shopping paradise, not even for the Japanese. Some local businessmen were told by their Japanese associates who visited recently that some men's designer clothes now cost as much in Orchard Road as they do in Tokyo. And if one moves out of Tokyo116 words
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Article156 1990-12-01 29 DESPITE 1997, Hongkong is still the place that sets records in property prices. A house a mansion in this case in the posh Repulse Bay area has just been contracted for sale at HKSI2S million. This beats the record set by Yaohan chairman K Wada156 words
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927 1990-12-01 29 NYT THIS YEAR is shaping up as the worst one in a decade for the US stock market, but mutual fund investors have responded by buying shares in stock funds at a record pace. Mutual fund sponsors said on ThursdayNYT - 927 words
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TIME OFF
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Article204 1990-12-01 30 SSO Concert Conducted by Choo Hoey, with soloist Elena Mouzalas. The programme: Brahms' Academic Overture, Theodorakis' Piano Concerto and Rachmaninov's Symphony No 3 in A minor op 44. Victoria Concert Hall. Dec 7 and Dec 8. 8.15pm. Boxes Performed by the Necessary Stage, the play centres around Joan, a204 words
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Article, Illustration322 1990-12-01 30 K Jayanti - Compiled by K Jayanti The Impossible Dream Dali and Beyond This collection of contemporary European works consists of 35 paintings, prints and photographs by 15 artists of diverse reputations. Includes lithographs and silkscrecn prints by Salvador Dali and Marc Chagall. Allan Art Galleries, 1 Scott Rd, #03-31 and #03-32322 words
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Article, Illustration517 1990-12-01 30 Air America. They thought this movie with Mel Gibson and Robert Downey Jr would bring in the crowds by virtue of the stars' names, but apparently, some people do prefer movies with plots, which is why this flick about one pilot and his young protege crashlanded where the critics517 words
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Page 19 Advertisements
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Advertisement139 1990-12-01 19 OOQQ f M HJ R B E ll€>€) IK j II rISPf- I SINGAPORE: Pmbcrryi fiop: DAIMARIJ DFS Orchard DFS Ojvmorc HALLEVS ISETAN Have lock ISETAN Orchard NAN HEN LEATHER GOODS REGENT STREET. Pilafi Renaissance SOGO Au#ioriitd Dealen: F J BENJAMIN Changi Airport JURONG CROCODILE PARADISE LEATHER LODGE MIDORI OMENTAL139 words
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Page 20 Miscellaneous
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Miscellaneous40 1990-12-01 20 DOONESBURY by garry trudeau i punno, doc, -me group V rriooKSUKE cxx&aseeMTOHOPMucH. V -J/, JE. A A nit OF I'M STILL PRETTY MMN PF K «H ~A\ PFAP PUPPI&. PRP&FUMOSTOFTHFIIArt- HJhAT 15 IT* g™™" QMUJCKK.OVZRMMeN, I SIP, TURN XXXFAX \M40 words
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Page 21 Advertisements
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Advertisement60 1990-12-01 21 TV VV nv IIU —BTW —^^I ißra U '^Siflß^Hj Vln I Hli 1 I F fl£3 ft 1 Bftll fW ■v- w ft "^-^P ■p.' il U <r jfjc w^H^JTimlfiSS^^V |VPPPI9RWQP^^BIVBRP9|^BP|^HHE^HHK B fl BMI IF YOU FIND the bottle impressive, wait until you n TASTE THE SCOTCH. J II I60 words
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Page 22 Advertisements
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Advertisement244 1990-12-01 22 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Some like it hot. BBfßjJ* 31 ]r W'-, BBBMWMP' >-■ Spit v Szechuan dishes served at lunch and dinner dailv in the cool, inviting atmosphere of Szechuan Court. Reservation, 330 8310 or *****85ext *****/6.244 words
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Advertisement349 1990-12-01 22 IT ooimeGs 1 TSHFORNCfSTuitINr" J TOO LATE FOR BREAKFAST? >sjb TOO EARLY FOR LUNOH? MIT CAUFORNIAN J BUFFET J BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ f fIV BAND TO PUT YOU IN A MERRY MORNING "1/ MOOD. EVEN A LEGO PLAYGROUND 1- NEXT DOOR FOR THE SMALL ONES.349 words
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Advertisement301 1990-12-01 22 Seafood Theatre Restaurant Camonest Thai Cuiane W 1 MAKE NO BONES ABOUT IT. Oil S£l MINUS AKVALU£-fo*^oN£Y, A rare treat indeed! Exotic Cantonese-THai cuisine served at the most affordable prices. In a variety of set menus for 2—lo persons, priced from $50++. Call 298 0011 ext 8605 for reservations. Plaza301 words
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Advertisement397 1990-12-01 22 /T THE PINE COURT Amidst Imperial splendour, our chefs r J£kH stage their highly-acclaimed performance i„r J&wl I lc^erKlary cuisine to the satis- x .i fjmT XA taction of demanding diners.To guarantee W/fl| your place amongst the discerning, make I *j your reservations early Ci||t] ->4y.* TJwM Lunch :12pm to397 words
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Page 23 Advertisements
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Advertisement227 1990-12-01 23 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. §pkitnsnii SUNDAY BRUNCH: 11AM TO 2.30PM. gw jjWL iißf adults Wm $M.OO jH R CHILDREN 3k $i9.oc♦ Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and227 words
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Advertisement98 1990-12-01 23 Refrigerated Wine Cellar I Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Model 400 Capacity up to 60 bottles Available ex-stock from the Sole Agent: BONIABLE BONTABLE AGENCIES (S) PTE LTD #03-05 Sin Cheong Building 47 Jalan Pemimpin Singapore 2057 Tel: *****9298 words
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Page 24 Advertisements
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Advertisement58 1990-12-01 24 -"Nearly, rrs got to be Gordon's x tm&a? 1 JPF Mr aHMHlfll l| tt MMMiH«^ r» i»»nr»i«; :i f V i ;i»m- ■HjMWimiw»MimflU uw»nttm 9. —'lutiitf mm ISftfW' 1 ytn tutmiit 9 |fwjll j. |bb kb^®^** p distilled in lomdom. V- ~^^JBb3 ,'>/.'V' r»i*T«o!■ u(uud miwu wsifT«Ai>* C >—- A58 words
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Page 25 Advertisements
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Advertisement55 1990-12-01 25 JMMp|PPPB|BPBP,PIL' 11ll i <Jl !HP I S^~ ummm« Sole Distributor Triumph International (S) Pte Ltd. 37 Jalan Pemimpin. #02-04 Singapore 2057 Tel *****11 HOM Homewear available exclusively at Daimaru Fashion Tailor Galenes Lafayette Isetan Wisma Alna Metro Far East Metro Grand Metro Paragon OG Peoplefs Park Shangtze Sogo Tangs Tham55 words
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Page 26 Advertisements
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Advertisement269 1990-12-01 26 DHL IN THE NEWS Advertisement DHL SPANS THE WORLD DHL was started in pany with a global network network, DHL is helping the United States in 1969 of over 1,344 offices serv- companies to improve their by three men Dalsey, ing 55,000 communities in productivity and distribuHillblom and Lind who269 words
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Advertisement116 1990-12-01 26 ft flkV v v 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. through Business Times. ,n !r* y mH JF116 words
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Page 27 Advertisements
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Advertisement46 1990-12-01 27 r"aP i jps JfJFJiHM Z_^ Make a date with Abbas Saad today. Columnist Irene Ng (above) did the other day. And reveals the man behind the suave smile. In a special series on some of the most eligible men in Singapore today. Every Saturday and Tuesday.46 words
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Page 27 Miscellaneous
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Miscellaneous277 1990-12-01 27 1 Affirm it is gold for teacher L|J— 9 A rebel leader to be a match for the newcomer (7) 10 Meal Ron prepared for a so--11 Festival not celebrated by |~|■H~~ < H low churches? (4.3) j 12 I'm seated awkwardly accept- |lH|"! J ing shilling for a small277 words
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Miscellaneous203 1990-12-01 27 Singapore Forecast Maximum temperature 32.5* C Assoc humidity 67%' Minimum temperature 25.6"C Assoc humidity 88% Hours of sunshine 5.55 Rainfall in mm Trace Rainfall this month 177.8 Rainy days this month 16 World report Asia-Pacific Hi/Lo* Cond. Auckland 21/15 Showers Bangkok 33/24 Fair Beijing 19/13 Windy Brunei 30/24 Showers Hongkong203 words
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Miscellaneous23 1990-12-01 27 fclil4: U)MPNT* CAN I FRieND JON£S HGRCS ONe OF MiS A secußiiv T w*e- uooi> r I OEVCNIHS STtNOUOCO HO ItM "1 10023 words
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Page 28 Advertisements
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Advertisement176 1990-12-01 28 h Ss 4 Ivjw^l LET US HELP TURN YOUR IDEAS UNTO ASSETS n a business, It takes Ideas to move you For years, Hong leong and Singapore anead. At Hong Leong and Singapore Finance nave worked with thousands of Finance, we provide the expertise and put businesses of every size176 words
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Page 29 Advertisements
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Advertisement45 1990-12-01 29 Whatever the 21st century holds, have the assurance of financial security and peace of mind. m At Great Eastern Life, we 're committed to taking M care of you for life. m Great Eastern Life S! We take care of you for life Th 2}^45 words
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Page 30 Miscellaneous
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Miscellaneous1556 1990-12-01 30 TODAY'S TV mmhhbi m mm HH| SfIHHIHHHHHBHI 5.30 Umae Qeaerai AsaewMy V N«t t.30 Yeot Mahwwe. 10.00 NewspaperCSepiafs. Red, Hot and Bluo, 10.35pm, JUrtin-in- f 10.05 MhjfUtiL A Band the 11.00 Oengartah Say ant's' —to mark World Aids SBC I 2's stereo launch to- }J" TVfihicattoa. Day today. Inspired by1,556 words
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Miscellaneous647 1990-12-01 30 movies on tv Ok! What a Lovaty War, Won, (3000), Santa Fe Trail 10.30pm, SBC 12 (4000), Follow the Fleet Richard A.lenborough makes < s( )< V" d his directorial debut in this N r f 1969 satire of war. What what happened tog l l happened during World eenie-meenie-myn,e-m0...647 words
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