The Business Times, 18 February 1989
1989-02-18
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https://www.nlb.gov.sg
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The Business Times
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Title Section12 1989-02-18 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, Feb 18-19 1989 75 CENTS12 words
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Article240 1989-02-18 1 Dow down WALL STREET stocks were mixed in early trading yesterday following the report of a December trade deficit of US$11.89 billion, about as expected. However, bonds were little changed. The Dow was off two at 2309 but gainers held a four-to-three lead over declining issues. Reuter240 words
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104 1989-02-18 1 AFP THE US TRADE deficit was US$ll.9 billion in December, bringing the 1988 trade deficit to U*****.3 billion, a 19.4 per cent cut in the record U*****.3 billion recorded in 1987. It also marks the first time since 1980 that the US has cutAFP - 104 words
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284 1989-02-18 1 UPI RIVAL Cambodian factions presented sharply contrasting peace plans yesterday, prompting analysts to give tomorrow's peace talks no more than a 50-50 chance of reaching a political settlement in the Cambodian conflict. "External factors in the Cambodian problem are relatively easier to overcomeUPI - 284 words
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Article, Illustration232 1989-02-18 1 SHARE PRICES in Singapore see-sawed their way to a marginally higher close yesterday, as Tokyo surged to a new record high. The Straits Times Industrials Index managed a 0.1-point gain to 1,129.93 after hovering within a narrow range. The Business Times Composite Index crept232 words
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487 1989-02-18 1 LEE HAN SHIH - Support from Singaporean and Indonesian interests By LEE HAN SHIH Property Correspondent SINGAPOREAN and Indonesian interests are backing an Austra-lian-led consortium which has won the right to build a $35 million casino and holiday resort on Christmas Island. Headed by Perth property man Frank487 words
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542 1989-02-18 1 MARTIN SOONG - By MARTIN SOONG LAWYERS debarred from practising because of criminal convictions can no longer appeal to the Privy Council in London with the passing yesterday of the Legal Profession (Amendment) Bill. Debate on the controversial542 words
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325 1989-02-18 1 ALVIN TAY - By ALVIN TAY Financial Editor DBS BANK has finally decided to increase its prime lending rate by a quarter of one point to 5.5 per cent, after ignoring the rate increases of its three local rivals for the past six months.325 words
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Page 1 Advertisements
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Advertisement236 1989-02-18 1 Nikon VWa 'A 1 ty A ■nt ffpna i rintii rnovigripnic ayiivnv More reports, PAGE 2 Full report, PAGE Regional marfcats, PAGE 7 World marfcota, PAGE 6 Economists on US doflcit, PAQE 3 IT symposium 2 The 'weak' people factor Information technology 2 Improving the quality of life The Philippines236 words
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Advertisement200 1989-02-18 1 W\. JP •moke, more fire Page 11 Don't forget about Armani From the playground of Provence Page If TV programmes for today and tomorrow Page It Double insurance for a popular decision Page 17 A warning from Robert Prechter Page 19 CONNOISSEURS F O R COLLECTORS When choosing your Dunhill200 words
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HOME NEWS
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626 1989-02-18 2 ANNA TEO, MARTIN SOONG SHOEB KAGDA - YESTERDAY IN PARLIAMENT Reports by ANNA TEO, MARTIN SOONG SHOEB KAGDA THREE BILLS the Planning (Amendment) Bill, the Urban Redevelopment Authority (Amendment) Bill and the Controlled Premises (Special Provisions) (Amendment) Bill that together form the framework for the conservation programme were passed yesterday.626 words
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560 1989-02-18 2 THOUGH the government had been thinking about severing links with the Privy Council for some time, it was recent events which had brought matters to the fore and crystallised the government's thinking. Home Affairs Minister Prof S Jayakumar was responding to queries on the560 words
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Article186 1989-02-18 2 SENIOR Minister of State for National Development Dr Lee Boon Yang yesterday gave a rundown of the HDB's inventory of unsold three- and four-room flats. Replying to Cairnhill MP, Dr Wong Kwei Cheong, Dr Lee said that, as at 31 Dec 1968, there were a total of 11,102186 words
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Article136 1989-02-18 2 THE HDB's Anthony Garden estate will not be sold to Singaporeans under existing housing rulee, said the Senior Minister of State for National Development, Dr Lee Boon Yang. It will be sold en bloc by open public tender later this year. Dr Lee dismissed Dr Wong Kwei Cheong's136 words
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Article93 1989-02-18 2 TO ANOTHER question from Dr Wong Kwei Cheong, Minister of State (Finance and Foreign Affairs) BG George Yeo said the foreign workers' levy will not be used for the training of workers and managers. The levy was introduced as a control mechanism to curb the inflow of93 words
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Article119 1989-02-18 2 HOSPITAL fees must go up periodically, in line with cost increases, whether or not a hospital is restructured. The Acting Health Minister Yeo Cheow Tong said this in reply to a question from Mr Chew Heng Ching (Eunos GRC) on how the restructuring of the Singapore General Hospital119 words
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Article258 1989-02-18 2 SINGAPORE AIRLINES' first manufacturing venture, Singapore Jamco, expects sales turnover of more than $1.5 million for its aircraft cabin equipment within its first year of operations. First established in January 1988, Singapore Jamco was jointly set up by SIA with the world's largest aircraft galley and258 words
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Article146 1989-02-18 2 COME FEB 20, be on the lookout for Yaohan discount coupons in your issue of The New Paper. The New Paper is teaming up with Japanese supermarket chain Yaohan in a promotion drive to boost their sales. "The promotion is in keeping with our emphasis on reader146 words
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Article152 1989-02-18 2 THE High Court yesterday postponed by two weeks the auction of lawyer Francis Seow's furniture and equipment from his Battery Road office. The delay is to allow Seow's lawyer, Mr V K Dube, to secure a banker's guarantee for $34,120.58. failing which the auction will proceed. The152 words
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Article161 1989-02-18 2 OPPOSITION politician Seow Khee Leng yesterday failed in his application to set aside a bankruptcy order against him. Mr Seow. who was made a bankrupt on Feb 3 this year for failing to pay the Prime Minister a judgment debt of more than $200,000, had161 words
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Article502 1989-02-18 2 JEFFREY TSANG - By JEFFREY TSANG PEOPLE Singapore's most important resource form, ironically, the "weak link" in the Republic's information technology strategy. In a paper presented at the NUS-NCB Symposium on Information Technology and Singapore Society, Associate Professor Eddie Kuo of the university's sociology department said there502 words
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Article223 1989-02-18 2 NATIONHOOD, stated BrigadierGeneral (Res) George Yeo, has given Singaporeans "a unique opportunity to internationalise ourselves in a way which preserves us as a self-consciously Singaporean community, locally and overseas "We need to encourage the immigration of talent into Singapore at the same time as we encourage223 words
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Article82 1989-02-18 2 RELIGION is personal and must not become a public issue dividing Singaporeans from one another, said Senior Minister of State for Education Dr Tay Eng Soon yesterday. Noting that there was a worldwide resurgence of all religions, he cautioned that religious groups in Singapore should be very82 words
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Article56 1989-02-18 2 SAFETY checks have been carried out satisfactorily on 20 Boeing aircraft belonging to Singapore Airlinea. The Civil Aviation Authority of Singapore (CAAS) said yesterday the checks were made on the fire detection and extinguishing systems of the engine and cargo compartments of the aircraft, all of which were56 words
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Article238 1989-02-18 2 INFORMATION TECHNOLOGY is going to be geared towards improving the "quality of life" instead of just as a means to maximise economic returns. After two years of directing efforts to use IT to create economic wealth, National Computer Board general manager Lim Swee Say said238 words
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Article842 1989-02-18 2 AT CONVENTIONAL WHARVES Seng leong a olo*9sid« 18.02/0700 World Umpire M/5 OlOAQfidf 18.02/2300 Mi Arrival Ambassador 7 J5 1802/1600 1902/1500 w WMI BCIIII Oi|)ii Im i Budi Utomo 12 18.02^)600 1902/2300 KEPPEL WHARVES Hung lee II 12 1802/0730 18.02/1800 Con Jindoi Equator V Leipzig KI6 K22 K2B842 words
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Page 2 Advertisements
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Advertisement244 1989-02-18 2 2Wy < Jfefi®ls PERTH, WESTERN AUSTRALIA REAL ESTATE 537.89 ha (1329 acres). Less than an hour from the city centre. Swan River Frontage. Adjoins National Park. 11 Titles. Special Rural Sub-Division. PROTEAS 90,000 individually irrigated and specially selected plants. Grown for export involvement in a $16 billion industry. RED DEER244 words
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OVERSEAS
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631 1989-02-18 3 THE US GOVERNMENT was scheduled to close the books yesterday on the first annual improvement in the trade deficit since 1960, but the deficit has levelled in recent months and many economists say it will get worse again. The financial markets' mild reaction631 words
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Article, Illustration270 1989-02-18 3 AFP PRESIDENT George Bush said on Thursday that he intended to press on with the US goal to liberalise world trade, with agriculture a top priority. Speaking as former trade representative Clayton Yeutter was sworn in as Agriculture Secretary, Mr Bush said: "We've got to knockAFP - 270 words
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100 1989-02-18 3 Reuter US HOUSE of Representatives Speaker Jim Wright has said that the House, at President George Bush's request, would postpone a vote scheduled for Feb 23 on a bill to require disclosure of foreign ownership in US businesses. Mr Wright said in a statement onReuter - 100 words
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Article, Illustration355 1989-02-18 3 HARISH MEHTA - By HARISH MEHTA In Manila THE DWINDLING RANKS of the foreign media in the Philippine* is one indicator that the country has achieved political and economic stability as the exodus of foreign media reveaia, according to ministers and top-ranking bureaucrats in the country.355 words
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Article871 1989-02-18 3 ARRIVALS DEPARTURES Operator Sorvico Local From Operator S#rvlc* Loco) For number tfmo number tlmo SU son 0115 LAX/NRT GIA GA961 0815 CGK CAL G333 0405 TPE SIA SQ104 0830 KUL SIA SQ401 0600 CMS SIA SQ192 0830 PEN SIA SQ41 0610 MAA THA TG402 0830 BKK MAS871 words
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Article, Illustration458 1989-02-18 3 FT THE European Commission's "priority, even obsession" remained the completion of Europe's single market, Mr Jacques Delors, its president said on Thursday. But he also promised early initiatives by Brussels this year in such diverse areas as workers rights, environment and export creditFT - 458 words
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385 1989-02-18 3 Reuter THE BURMESE military council, which took power last September to crush an uprising against the Socialist government, has agreed to a time-table for elections in May 1990, state radio reported. And Japan has recognised the Burmese government and said it would resumeReuter - 385 words
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Article118 1989-02-18 3 AFP THE JAPANESE ECONONY is still expanding, supported by a steady growth in domestic demand. A report released by the Economic Planning Agency (EPA) in Tokyo yesterday said personal consumption continued to boost domestic demand and that private capital spending had continued to show a strong upward trend.AFP - 118 words
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202 1989-02-18 3 AFP FORMER premier Cesar Virata, a longtime aide of deposed president Ferdinand Marcos, has been named as adviser to the coordinating committee of the Philippine Aid Plan, officials said yesterday. An economist and engineer, Mr Virata now heads his own business consultancy firm, andAFP - 202 words
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Page 3 Advertisements
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Advertisement38 1989-02-18 3 LONDON CjII your Travel Agent or Air Cauda M 7J*****. A BREATH OF FRESH AIR The business person's choice every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22.-05 Hours and arriving Heathrow early the following morning.38 words
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Advertisement36 1989-02-18 3 QUALITY CAR AT THE BEST PRICE in.Mll WW TS (1721 cc) 62,800 GTX (1995 cc) 98,000 1 TURBO (1995cc)~ $138,000 Mil Prices quoted are sub/ect to change wit tutu t pnor notice 'All pnces ARF NETT36 words
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Page 3 Miscellaneous
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Miscellaneous114 1989-02-18 3 wt riH M ssSS'J. Singapore OUTLOOK: Mr. met* tar ovor a taw •nMMjnMRM tata ••port tor 24 hoar* prior to 7Jopa on Fob 17 at Rofcry day* Mo i Ofto Port* Porth Rio 'ionolro Homo Son Fris'oo Son Jvan *T i n■ n xirmoQC Sao Paulo Seoul rtili hlm v'OonotTi114 words
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MONEY AND EXCHANGES
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Article1194 1989-02-18 4 SINGAPORE: Despite the Bundesbank choosing not to hike official rates on Thursday, the US dollar ended yesterday's session on a softer note. Range was: D-mark 1.8390/1.8340, yen 125.85/125.50, sterling 1.7769/1.7710 and S$ 1.9235/1.9215. Attention was on last night's US trade report. If this turns out to be a1,194 words
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Article219 1989-02-18 4 Most IMM currency futures gradually erased initial losses to finish narrowly mixed on Thursday, with some contracts near session highs set late. Prices drifted higher during quiet afternoon trading as traders squared positions in anticipation of yesterday morning s release of US trade balance statistics for December. Average estimates219 words
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Article, Illustration204 1989-02-18 4 Indlcat— tfte iv«rag« of Km P»1m« landing rat** at 12 ma|or banks In S'pora r Interbank market rates (offer/bid) on Feb 17 us* DM SWFC Y«n 7 dor* 9 7/1* 3/1* 13 13/1* 13/14 1/1* 3 13/1* SJ/l-3 1/3 4 3/14 3/14 1 m4I 9 9/1* 7/1*204 words
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Article253 1989-02-18 4 ASIAN DOLLAR deposit rates closed at their opening levels in quiet trade yesterday. Dealers said most operators were reluctant to create new positions ahead of yesterday's scheduled release of US December trade figures. Term rates were steady to slightly lower at the outset and hardly moved thereafter.253 words
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Article458 1989-02-18 4 BA Futures MARCH Eurodollar futures opened four ticks lower on Simex yesterday than the Thursday close at 90.10 following the Bundesbank's decision not to raise inter--691 rate# which sparked rumours that the US trade deficit figure, to be released later last night, would worsen. Prices continued to dip lowerBA Futures - 458 words
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Article64 1989-02-18 4 THE OVERNIGHT rate on the Singapore money market rose by 1/6 point to cloee at 4-7/8 per cent yesterday. One-month and two-months fell by 1/16 point each. S$ Interbank rates at the dose yesterday: OffH MO OwrntgN 4 7/1 4 3/4 1 -m*i S 1/4 S l/« S64 words
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Article112 1989-02-18 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity M0 OfflEi HKJH LOW 3 months 8Q*****V 18.0S.89 3.60 3.55 3.57 3.48 6 rnont+w BS*****N 17.06.89 3.92 3*7 3.90 3J2 1 yeor BY*****H 23.11.89 3.99 3.94 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code112 words
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Article1397 1989-02-18 4 CURRENCY FUTURES OPTIONS Friday, Fab 17, 1989 OCUTSCHEMARK (SIMCX) Mor 88 cafta Mar 88 puM M* Low 1 San Low um SI CAS 32 S3 1608 162 e 54 828 82 26A 25 SS 33 32A 32 74A 76 M 152A 1S3 J/ 59 1 CAS Apr M emit*1,397 words
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Article487 1989-02-18 4 HONGKONG: Gold closed lower in quiet afternoon trading yesterday on light short-covering by local investors after selling pressure by Australian operators in the morning pushed the metal down. Bullion ended at U*****.50/379.00 an ounce against an initial U*****.70/383.20 and compared with New York's close of U*****.80/383.30 On the487 words
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BANKING AND FINANCE
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336 1989-02-18 5 Reuter QENERALE Bank NV of Belgium said it plans a three-part capital increase that will boost its equity by around 13 billion francs. The increase includes a one for six rights issue to existing shareholders and holders of its 1979-1991 convertibleReuter - 336 words
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355 1989-02-18 5 Reuter BANK OF New York Co Inc told an analysts' meeting that it expected to cut its staff by 17 per cent, or 3,000 people, by the end of 1989 and that it expected net income to grow at an annualReuter - 355 words
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189 1989-02-18 5 Reuter THE fugitive banker at the centre of a scandal battering the Greek government has sent a defiant letter from his American prison cell, telling investigators in Athens that he will not be made a silent scapegoat. The letter from Greek-Ameri-can bankingReuter - 189 words
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Article105 1989-02-18 5 Reuter BANK OF JAPAN governor Satoshi Sumita said the Group of Seven major industrial nations confirmed their policy coordination on currency at their last meeting, and that such coordination remained intact, an Economic Planning Agency official said. Commenting on the recent fall of the dollar, MrReuter - 105 words
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Article138 1989-02-18 5 Reuter AUSTRALIA and New Zealand Banking Group Ltd said in Melbourne that it will raise its Australian prime lending rate to 18 per cent from 17.5 per cent, effective on Feb 20. The bank is the second of the "Big Four" trading banks to raiseReuter - 138 words
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Article218 1989-02-18 5 Reuter MAJOR Canadian banks boosted their prime lending rate to 12.75 per cent on Thursday, the sixth increase since last spring, when the benchmark rate stood at 9.75 per cent. The action was led by the Bank of Montreal and came just hours before theReuter - 218 words
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Article, Illustration398 1989-02-18 5 Trade surplus with US on the rise Reuter TAIWAN'S huge foreign exchange reserves are swelling again and its trade surplus with the United States is rising. Central Bank governor Chang Chi-Cheng told a news conference that foreign exchange reserves had jumped about US$2 billion soReuter - 398 words
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479 1989-02-18 5 Reuter JAPAN will work on a new plan to recycle some of its cash surplus to developing countries to help solve the Third World debt problem. Prime Minister Noboru Takeshita said on Thursday. Now that over 80 per cent ofReuter - 479 words
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142 1989-02-18 5 Reuter PRUDENTIAL-BACHE Securities Inc. a unit of Prudential Insurance Co of America, named W James Tozer Jr as president and chief operating officer. Mr Tozer, a former executive of Hongkong and Shanghai Banking Corp's Marine Midland Banks Inc unit, succeeds James Barton,Reuter - 142 words
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COMMODITIES
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Article239 1989-02-18 5 Chinese Produce Exchange S*ll*rs' noon closing prkei on Fob 17 (S$/100 kg) Coconut oil BuMc FOB 108.00 OW drum FOB 118.00 N*w dram FOB 122.00 Copra Mixed (loos*) 64.00 s*ll*rs Popper Munfok whit* FOB NIW 730.00 Sarawak whit* FOB foq NLW 720.00 Sarawak >p*dal black FOB NLW 535.00239 words
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Article263 1989-02-18 5 London Commodity Exchange Buyer/Sellei r closing prices on Feb 16, (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Mar 1112/14 (1101/05) High/Low 1136/10 May 1075/76 (1076/77 High/Low 1107/1075 Sol** (4284) Cocoa Mar 851/853 (878/879) High/Low 883/852 May 871/873 (899/900) High/Low263 words
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Article150 1989-02-18 5 Telerate FUEL OIL prices were slightly higher in fairly quiet trade yesterday. Traders attributed this to the current strength seen in the crude oil market. However, prices of prompt CST-180 car- goes remained slightly weaker owing to ample supplies in Singapore. Talk was also centred onTelerate - 150 words
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Article222 1989-02-18 5 SINGAPORE: Rubber prices ended moderately lower yesterday with March 1 RSS buyer quoted at 211.00 cents a kg. Brokers said prices lost 1.75 cents in the morning session due to a lack of fresh factors in thin trading. Values lost further ground in quiet afternoon trading on stop-loss selling222 words
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Article80 1989-02-18 5 (cann/kg) MARCH J 989 APRIL 1989 (current month) (forward month) RAS NOON NOON tvyn S*«*n SSR 30 195.50 197.50N 195.50 197 50N SSR 50 193.50 195 50N 193.50 195.50N MRELB Buy*ri C-il Ivym SMR cv 319.50 321.SON 321.50 323.SON SMR I 317.50 319.50N 319.50 321 SON SMR80 words
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Article137 1989-02-18 5 THE KLTM price firmed nine cents to a new three-year high of M 521.53 a kg yesterday on continued shortcovering demand from European interests. A smaller offering of 59 tonnes aided the rise. Dealers also noted little participation from locals and a rationing of five tonnes. The KLTM's137 words
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Article276 1989-02-18 5 RAS prices In S c*nt*/kg, FOB In bal« NOON CLOSE 6uy*rs S*ll*rs 8wy*fs Sellers Int 1 RSS Prompt 215.00 216.00N 210.00 211.00 lot 1 RSS Mor 89 216.25 217.25N 211.00 212.00 bit 1 RSS Ape 218.00 219.00N 213.00 214.00 bit 2 RSS OP 206.50 208.50N 202.50 204.5ON276 words
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Article364 1989-02-18 5 MALAYSIAN CRUDE PALM OIL FUTURES recovered from an initial fall to close mixed on pre-weekend covering and some speculative buying yesterday. April closed higher at M 5944 a tonne while May was down at M 5939 March and June ended unchanged at M 5945 and Ms93B ringgit respectively.364 words
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Article134 1989-02-18 5 SOYBEANS closed lower on the Chicago Board of Trade on Thursday with late active speculative selling sparked by widespread talk Brazil's official Production Financing Company (CFP) will increase its 1988/89 soybean production estimate to 22.685 million tonnes. CFP crop figures were to be released on Thursday or yesterday. The134 words
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Article150 1989-02-18 5 LATE speculative selling took new crop Chicago Board of Trade soft red winter wheat prices sharply lower and July closed down nine cents per bushel at U553.99 on Thursday. News the EC and Soviet Union resolved a dispute that could send 1.5 million tonnes of French wheat to the150 words
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Page 5 Advertisements
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WORLD MARKETS
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381 1989-02-18 6 NYT ONE OF President Francois Mitterrand's oldest friends and four other people have been named in indictments in an insider-trading scandal that has rattled the Socialist government. Roger-Patrice Pelat, a friend of Mr Mitterrand since the two were held together in a GermanNYT - 381 words
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Article1233 1989-02-18 6 Reuter MILAN: Italian shares edged slightly higher in light volume yesterday, taking overall gains for the week to 1.2 per cent despite uncertainty over the political outlook ahead of the Christian Democrat party congress, dealers said. The MIB index closed 0.41 per cent up, with buying interestReuter - 1,233 words
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Article, Illustration822 1989-02-18 6 New York Reuter WALL STREET'S eagerness on Thursday to extend recent gains was checked by investor wariness ahead of the January trade report yesterday. Stock prices ended modestly higher, after shrugging off news of a surprisingly robust 8 per cent gain in US housing starts lastReuter - 822 words
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Article, Illustration500 1989-02-18 6 London Reuter LONDON share prices opened cautiously mixed yesterday in very quiet trading ahead of important UK inflation data and US trade figures due later yesterday. At the official 0900 GMT opening, the FTSE-100 Index was 0.1 point down at 2,033.7 with just over half the constituentReuter - 500 words
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Page 6 Advertisements
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Advertisement480 1989-02-18 6 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Lek Yak Sua of Blk 219 #05-121 Boon Lay Ave, Singapore 2264, have applied for a Retail Beer Shop licence in respect of premises at M/s Sentosa Kiosk 6 at Sentosa Island Singapore (0409), and that this application will be heard in480 words
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Advertisement438 1989-02-18 6 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF WATVIK MARINE PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At the Extraordinary General Meeting of the members of WATVIK MARINE PTE LTD, duly convened and held at 1 North Bridge Road #19-07/06 High Street438 words
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Advertisement308 1989-02-18 6 THE COMPANIES ACT, CAP. 50 LEONG RATTAN PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of LEONG RATTAN PRIVATE LIMITED duly convened and held at 101. Upper Cross Street #04-43, People's Park Centre, Singapore, 0105 on the 15th day of February 1969, the following Special308 words
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Advertisement829 1989-02-18 6 AT EUAT ENTERPRISES PTE LTD (In Members' Voluntary Winding-up) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of At Euat Enterprises Pta Ltd, duly convened and held a! 36 Robinson Road. #05-01 City House. Singapore 0106. on 17 February 1969 the following resolutions ware duty passed ar— SPECIAL829 words
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Advertisement481 1989-02-18 6 PANESCO PTE LTD (In Members' Voluntary Wlndlng-Up) NOTICE IS HEREBY GIVEN that at an Extraonftnary General Meeting ot Panesco Pte Lid. duly convened and held at 36 Robinson Road. #06-01 City House. Singapore 0106. on 17 February 1969 the following resolutions were duly passed as SPECIAL RESOLUTION That the Company481 words
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Advertisement335 1989-02-18 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DELLFIELD DIGITAL (SINGAPORE) PTE LTD STATUTORY DECLARATION OF INSOLVENCY I. MICHAEL FENTON AUTY, passport no. *****40 of 28 Tomlinson Road 02-32, Kum Hing Court, Singapore 1024 make oath and say as follows: a) I am a335 words
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Advertisement34 1989-02-18 6 Industrials, gilt-edged and mining aharaa wara not avallabla Learn to make decor statements the way you make fashion statements. Take a tip from 2E HOME fit DECOR. FEB-MAR '89 $3.50 A Times Periodicals Publication34 words
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REGIONAL MARKETS
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Article, Illustration1342 1989-02-18 7 Hongkong HONGKONG STOCKS ended a roller-coaster day higher yesterday as buyers returned to the market in the late morning and afternoon, brokers said. The Hang Seng Index closed 25.11 points higher at 3,106.25. It had plunged 20 points in the first hour before starting a rally that1,342 words
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Article421 1989-02-18 7 Reuter TAIWANESE share prices rallied across the board yesterday on strong buying by investors after Thursday's slight gain, brokers said. The weighted index jumped 165.11 points, or 2.51 per cent, to close at 6,734.90 against Thursday's 6,569.79 finish. Turnover rose to NT$47.B billion from NT537.33 bil- lionReuter - 421 words
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Article159 1989-02-18 7 Reuter MOST SEOUL stocks yesterday made small gains in moderate trading with construction, financial and trade-related shares leading the rises, brokers said. "Investors are slowly getting over worries about the authorities' tight money policy," a broker at Daewoo Securities said. Trading has been slow in the pastReuter - 159 words
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Article91 1989-02-18 7 Reuter PHILIPPINE STOCKS staged a mild recovery yesterday after news of higher copper prices helped halt a week of downward pressure on mining stocks. Mining shares on the Makati exchange recovered 32.10 points to end with the index at 4,529.06. But on the Manila bourse. mining stockReuter - 91 words
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Article, Illustration588 1989-02-18 7 Tokyo Reuter TOKYO share prices ended a roller coaster day at a record closing high yesterday as dealing by securitiee houses, a wealth of available funds and bullish forecasts for certain sectors triggered buying, brokers said. The Nikkei index rose 89.81 points. 0.28 per cent, to aReuter - 588 words
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Article168 1989-02-18 7 Reuter THE SECURITIES Exchange of Thailand Index rose 0.26 points to 438.99 yesterday on turnover of 7,526,457 shares worth 540.64 million baht. m 17 BAHT Ao Kham Thai Ayudhya Invaatmant Bangkok Agro-lnd Bangkok Bank Bank Of Ayudhya 424 30 106 265 3M 6 -0 26 -1 unch .9Reuter - 168 words
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Article213 1989-02-18 7 Reuter THE NEW ZEALAND share market struggled to gain at the close yesterday with selling pressure arising from the New Zealand dollar's rise against the Australian dollar. The Barclays index rose 1.35 to 2,020.28. Some brokers were surprised that the market held up as well asReuter - 213 words
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Article168 1989-02-18 7 Reuter BOMBAY share prices closed higher yesterday after a sedate start in moderate trading for the new account but the market undertone was cautious, brokers said. They said the day's gains chiefly reflected higher contango (carryforward) charges for business done in the two weeks ended Thursday. BrokersReuter - 168 words
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Article, Illustration506 1989-02-18 7 Australia Reuter THE AUSTRALIAN share market closed easier yesterday as stocks struggled to regain losses from Thursday's 28-point slide, brokers said. Leading stocks dominated turnover as the A 51.54 billion January current account deficit continued to dampen enthusiasm in the inter-est-rate sensitive industrial sector. However, the ResourceReuter - 506 words
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Article, Illustration672 1989-02-18 7 Reuter NISSAN MOTOR Co Ltd is changing gear after years of lacklustre financial performance, industry analysts said. Long criticised for its stodgy and unimaginative car designs. Japan's number two car maker has begun to close on arch rival Toyota Motor Co in the domesticReuter - 672 words
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291 1989-02-18 7 FT THE JAPANESE authorities are tightening rules covering the flotation of companies on the over-the-counter market in the wake of the Recruit scandal. The Securities Dealers Association of Japan, which supervises the market, said this week it would from April introduce a compulsory auctionFT - 291 words
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123 1989-02-18 7 Reuter GOODMAN FIELDER WATTIE Ltd has said it had discussions about the break-up of British baker Ranks Hovis McDougall pic. GFW New Zealand executive chairman Don Budden said such a matter was not just for GFW to decide as it only holds 29.9 per centReuter - 123 words
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367 1989-02-18 7 Reuter TAIWAN takes its first step towards privatising state industries next month with the sale of shares in China Steel Corp. Chung Le-min, vicepresident for finance of China Steel, said on Thursday that the immediate aim was toReuter - 367 words
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Page 7 Advertisements
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Advertisement64 1989-02-18 7 ENAVL T 's QUALITY CAR AT THE BEST PRICE CAMPUS -$38,766 AUTO $59,000 GT TURBO $80,800 19 TS -$57,839 GTX -$67,861 TSE $67,839 TS $62,800 GTX (AUTO) $98,000 TURBO -$138,000 25 GTS (AUTO) -$113,800 GTX (AUTO) -$129,800 V6i (AUTO) $168,000 V 6 -$188,000 V 6 TURBO $252,000 GTS $98,000 2000-164 words
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Article, Illustration1621 1989-02-18 8 MICHELLE OH - By MICHELLE OH WHILE some investors waited on the sidelines for the release of US trade figures due overnight, others hunted for bargains or took profits in the local stock market yesterday. As a result, the Straits Times Industrials1,621 words
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Article97 1989-02-18 8 WEARNE BROTHERS LIMITED: 74th AGM at OCBC Oentre, 65 Chulia Street #19-00, Singapore 0104, on Wednesday, Feb 22, at 10.30 am. THE NEW STRAITS TIMES PRESS (MALAYSIA) BERHAO: 17th AGM at the Theatrette of the company, Balai Berita, 31 Jalan Riong, ***** Kuala Lumpur on Saturday, Feb 25,97 words
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Article5737 1989-02-18 8 1 QOO /M Grs Qr'a IVOO High rOV Low T#l Cod* Company Last Sato FEB 17 orVol (•000) Day Last Quote High Low Buyer Seller Dtv Dlv C'vr Y'ld Nat P/E M Cap Smil SESDAQ 187 120 170 70% 110 130 82% 199* 144 92 135 1265,737 words
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LKSE
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Article, Illustration3378 1989-02-18 9 TAKING advantage of the recent upswing on the Kuala Lumpur stock market, sellers and profit-takers dominated trading yesterday leading the market to close broadly lower. However, a handful of counters managed to buck the downtrend to end with comparatively hefty gains. Talam perked 26 cents to3,378 words
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Page 9 Advertisements
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Advertisement17 1989-02-18 9 Adjmtod lor mm Ihuii; Pm vahM $1 untw oHmtwlm apicMad; P/E raioa «r» no< for currency dlllereocee17 words
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COMPANIES & STOCK MARKETS
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Article, Illustration580 1989-02-18 10 Plan to boost strength of divisions MBT THE HONG LEONG group in Malaysia is hoping to build up each of its divisions into entities as large as the group itself by 1993. The group currently has four publicly-listed companies under its wing Hong LeongMBT - 580 words
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Article, Illustration594 1989-02-18 10 HERMAN PHUA - By HERMAN PHUA MALAYSIAN ASSURANCE Alliance Bhd has acquired a 10 per cent stake in Granite Industries Bhd, which owns the Holiday Plaza in Johor Baru, for M 57.92 million. MAA said the nine-million Granite shares were purchased through stockbrokers for594 words
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Article, Illustration272 1989-02-18 10 NST YEO HIAP Seng Ltd is investing in a $7 million plant in Vancouver, Canada to produce three-piece cans for its newly set-up beverage manufacturing plant there. The plant is expected to be ready by early next year. Production will commence in August 1990.NST - 272 words
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365 1989-02-18 10 Bernama MBf HOLDINGS BHD has set its sights on bringing Malaysian investments into Papua New Guinea (PNG) and exploiting the country's vast natural resources. This follows the setting up of MBf Finance PNG Ltd. a finance company, which wouldBernama - 365 words
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Article, Illustration710 1989-02-18 10 woo® mm... HOCK LOCK SIEW HAVING FATTENED up Kentucky Fried Chicken in Singapore, Inno-Pacific is ready to put more pizzazz into Shakey's Inc worldwide. The group recently acquired the pizza chain's franchise the world over, except Japan, andHOCK LOCK SIEW - 710 words
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293 1989-02-18 10 GARMENT-MAKER Wing Tai Holdings Ltd will make its debut on the Stock Exchange of Singapore on Tuesday. Wing Tai shares totalling 180 million will be listed under the industrials sector of the main board, the sxchange said. The company's recent public293 words
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Article76 1989-02-18 10 THE CASE against former director o< Great Pacific Fiance, Low Chang Hian, has been adjourned for another six weeks. This was requested by Low Chang Hian's lawyer, Mr M Puvanendram, so that he can "take full instructions" from his client, the Subordinate Court was told yesterday. His76 words
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Article28 1989-02-18 10 KAMUNTINO Corporation Bhd has acquired a new wholly-owned subsidiary, Kamunting Investments (S) Pte Ltd, with a paid-up capital of $2 for a cash consideration of $1,500.28 words
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Article338 1989-02-18 10 Cvrrwtf ft»ob JJJ r Austral Amol 20% Fob 17 Mor 3 Mor 23 20% 29% Avimo IJ%Tt Mor I Mar 13 Mar 15 2S%TI 20% Tt Ay«r Motet 44%U Jo* 19 Fob 2 M> 27 62%U) 20% lufcft Kold 10% in Fob 16 Mar 2 Mor 29 10%338 words
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Page 10 Advertisements
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Advertisement44 1989-02-18 10 CURRENCY INVESTMENT \MI |{|< I \|'Kl ss TEL: 321 3333 QUALITY CAR AT THE BEST PRICE fr > minis I GTS (1995 cc) $113,800 GTX (2165cc)~ $129,800 (T V6i (2664 cc) $168,000 Uj Pnces quoted are sub/eel to change without pnor notice 'All paces ARF NETT44 words
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Page 10 Miscellaneous
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Miscellaneous37 1989-02-18 10 7ZP 77/^Af/A///w/*r A/p&aep 7& &V*£UArZ' 7W Artf.tfA&t/Z. rtWsZZ C/CV'U- JVSrA/Mf 7& $7W£? sArrvf rfQOAJT&oo*. wrtf A £7Z>W*ft>/.. />?^ by Martell OM, r/MTSV/P 7V &0 <7i>sr 77/Ar~ /rz A/or A Go>££77arS cr t/C*/ /r<£ A QU&77CW or w&/.. >)A*X€?tUff37 words
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Executive Lifetyle
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Article, Illustration1366 1989-02-18 11 CHUANG PECK MING - r Though supposedly semi-retired, the restless Richard Dunhill has no plans to quit yet He wants to continue to diversify Dunhill's products and expand its portfolio to include more brand names. One thing Mr Dunhill will never do, however, is to abandon the company's pipe business (although thePicture by KARIM ISKANDAR - 1,366 words
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Article206 1989-02-18 11 ONE YOUNG COUPLE, with no children and whose parents are not in Singapore, figured that the best way to spend Chinese New Year Eve was to eat out for their reunion dinner. But with more and more families doing likewise, Chinese restaurants have become exceedingly crowded.206 words
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Executive Lifestyle: Pursuits
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Article838 1989-02-18 12 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY IT IS WELL worth devoting this column today to two fine examples of how considerate behaviour, both by partners and by opponents, can make the game of competitive bridge so much more enjoyable. This first example concerns a story in praise of838 words
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Article, Illustration574 1989-02-18 12 Tony Hillerman - BOOKS By Tony Hillerman Publlshod by Horpor 4 Row Prleo: $14.35, avallaNo at Timm Tho Bookshop Rovlowod by Shoob Kagdo DETECTIVE NOVELS usually have a sense of claustrophobia about them, of being trapped, of not being able to get out Not People of Darkness. Tony Hillerman's detective574 words
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Article, Illustration358 1989-02-18 12 THE FOOD TEAM - FOOD By THE FOOD TEAM A JADED food connoisseur once described the salmon as overrated. "Everyone picks the salmon. I can't understand why. I really consider it an over-rated dish." Almost immediately, the waitress came round to take our orders. "Hmmm, I'll have the salmon steak, please." he358 words
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Article, Illustration380 1989-02-18 12 DICK LEE - TIRED OF TIGHT? Terrified to Team Tacky Textiles with Tasteless Tailleurs: Well, Tremble not, Trusty Teamsters, for Taste Tyrants from Trend Towns have come up with This season's Three T's, and here they are: Report by DICK LEE TRAPEZE EVERYONE from Lacroix to Lagerfeld's doing it the new(Pictures from Chanel's Spring-Summer '89 collection) - 380 words
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Article, Illustration492 1989-02-18 13 WHAT'S SO RIVETTING about being caught in an Armani suit? Why does the name crop up in hack profiles as a ticket to instant chic? Shall we just forget about Armani? Well, it should be492 words
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Article, Illustration215 1989-02-18 13 DOES THE NAME Ferdinand Alexander Porsche ring a bell? Well, one out of three will suffice. Mr Porsche's (definitive pronunciation: por-shay) design signature has been lent to a variety of accessories, all of which are born out of his philosophy that "form follows function". Thanks to the215 words
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Article, Illustration219 1989-02-18 13 IT WAS AKIN TO stumbling onto a clandestine meeting of conspirators that Valentine's evening at Derwent Restaurant at Chateau-at-Scotts. Only, the conspirators came in hushed pairs and their only passion was probably, well, passion. They looked up. in a haze, slightly annoyed, as we219 words
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Article, Illustration788 1989-02-18 14 RICHARD 3EAH - HEALTH By RICHARD 3EAH THE RECENT DEATH of a physical education instructor, and the puzzlement that followed, highlights the common mix up between fitness and health. The two often go hand in hand. But not always. Fitness refers to a person's ability to788 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration759 1989-02-18 15 N K YONG - Q ffline[ By N K YONG THE MERE MENTION of Provence conjures up images of a lovely sunshine-drenched region in the south-eastern part of France, more noted as the playground of the rich and famous rather than as a source of serious wines.759 words
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Article, Illustration764 1989-02-18 15 Roger Loh - F>»v Roger Loh COUNTRY MUSIC lost its mainstream appeal when radio startad paying mora attention to the youth market. In recent years, though, country seems to have reinstated itself as a saleable idiom. Yessir, today's crop of country singers have shown that their music hasn't764 words
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Article, Illustration1254 1989-02-18 15 Juanlta Shaklla - Complled by Juanlta Shaklla CINEMA: Short Circuit 2 starring Fisher Stevens. Michael McKean and Cynthia Gibb. Now showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Cocktail starring Tom Cruise of Top Gun fame. Now showing at Orchard: 11; 1.30; 4; 6.30; 9.30, and at Marina 1: 1; 3.30; 7;1,254 words
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Article, Illustration395 1989-02-18 15 AP COUTURIER Guy Laroche, one of France's most popular designers known for his discreet approach in creating ultra-feminine clothes, died yesterday at his Paris home following a long illness, said a spokesman for Laroche's company. Laroche was 66. During his long career, Laroche avoided the limelight andAP - 395 words
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Article, Illustration533 1989-02-18 16 JAIME LYE - CINEMA By JAIME LYE YOU REMEMBER the old saying about how bad things come not once, but in twos and threes? With Twina, it's a double helping of inanity served under a spot of whipped cream a lesson in the power533 words
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Executive Lifestyle: Sports
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410 1989-02-18 17 BOXING WITH AMERICAN challenger Mike Phelps carrying a reputation as a hit and run counterpuncher, the promoters of next Saturday's world junior bantamweight boxing title fight at the National Stadium have taken double-insurance against an unpopular decision should the 12round bout require a410 words
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Article, Illustration650 1989-02-18 17 UPI MOST BOXING FANS agree Britain's Frank Bruno needs a lot of help if he is to lift Mike Tyson s world heavyweight crown on Feb 25. The debate is over how much help the challenger will receive from Tyson's recent personal troubles.UPI - 650 words
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348 1989-02-18 17 TRACK FIELD AP AN INTERNATIONAL mix of track and field stars, including Jackie Joyner-Kersee. Said Aouita of Morocco, Marcus O'Sullivan of Ireland and Rodion Gataullin of the Soviet Union, was the focus at last night's Los Angeles Times Indoor Games. Joyner-Kersee, a doubleAP - 348 words
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433 1989-02-18 17 JEROME FANDOR - Oh TMCk With JEROME FANDOR HORSE RACING'S travelling circus takes its show to Penang, home-town of champion trainer Teh Choon Beng. Teh has just completed a memorable comeback to classic racing with a 1-2 finish in the $150,000 Tunku Gold Cup last week with433 words
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Article409 1989-02-18 17 TENNIS AP JOHAN KRIEK used an assortment of passing shots and a strong serve to defeat No 1 seed Andre Agassi 6-7 (7-9), 7-5, 6-3 on Thursday night, and moved into the quarter-final round of the U*****,000 Volvo Tennis Indoor Championship. After losing a set pointAP - 409 words
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Article, Illustration773 1989-02-18 17 WALTON MORAIS - PROFILE By WALTON MORAIS DRESSED IN A T-SHIRT, blue denim jeans and sneakers with a gold bracelet around his wrist and puffing on a Marlboro cigarette, the muscled sportsman looks the epitome of a successful athlete in a capitalist society. His spiked punk773 words
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Executive Lifestyle: Personal Investment
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Article, Illustration1079 1989-02-18 18 EQUITIES THE ECONOMIST THREE years ago, Australia's finance minister, Mr Paul Keating, used the spectre of a banana republic to spook Australians into some much needed belt-tight-ening. By the start of 1988 it seemed to be working. Mr Keating had sharply tightened monetary policy toTHE ECONOMIST - 1,079 words
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498 1989-02-18 18 Chariot Chow - WARRANTS WATCHER By Chariot Chow Chariot Chow, Hoad of Ro•march, J Ballaa Co STRICTLY SPEAKING, the UMW convertible unsecured loan stock is not what the name suggests. It is not a loan because it cannot be redeemed at498 words
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Article, Illustration690 1989-02-18 18 INVESTING THE KEY to successful investing is devising and following a strategy that meets the individual's financial goals. But sticking to the game plan is not always easy to do, according to Sandy Eu. managing director of the Singapore office of Shearson Lehman Hutton. Speaking690 words
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Article, Illustration296 1989-02-18 18 Antony Burpee - Antony Burpee year. Antony Burpon, Cr—vtth HK Ltd. THE Straits Times Industrials Index has undergone a rally that started in December after a clear double bottom had formed by November. The rally took off as speculators recognised the STII's oversold status in the light ofSource: Cresvale Research - 296 words
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Article, Illustration721 1989-02-18 18 ROSIE TAN - US MARKET By ROSIE TAN WHEN A PERSON who has earned the distinction of having drawn the broad outlines of the bull market right sines 1982 warns that the market may be running out of steam, heads naturally turn in his direction. Three721 words
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967 1989-02-18 18 SIMEX OIL FUTURES The Singapore International Monetary Exchange (Simex) will launch Aala'a Ural energy futures contract on Fab 22. Along wNh tha thraa catagoftoa of corporate mambarahlp (claarlng, nondaarlng and commercial aaaodata), 81 max la alao offering Individual tha opportunity to trado undar tha Individual967 words
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Executive Lifestyle: Perspective
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Article1108 1989-02-18 19 BURTON LEHMAN - The bigger American law firms today have over 800 attorneys and revenues exceeding US$25O million. BURTON LEHMAN, a partner in the law firm of Schulte, Roth and Zabel, laments the transformation of the legal profession into big business. BURTON LEHMAN NYT THE LAW has becomeNYT - 1,108 words
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143 1989-02-18 19 I ALWEE - letters to the Editor I ALWEE for Permanent Secretary Ministry of Law Doer Sir, I refer to the article, "Changi Golf Club plans $9 million expansion" which was published on Feb 15. 1989. Both the statement by the president of the Changi Golf Club143 words
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Article110 1989-02-18 19 VINCENT HEE - VINCENT HEE for general manager BCCS Dear Sir, We refer to the article "A Case for CASE" by Mr 0 W Distant (BT. Feb 11). The 1989 $10 Uncirculated Nickel Coins (Snake Design) are distributed by The Singapore Mint, but the price is determined by110 words
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Article, Illustration818 1989-02-18 19 MAH SINGH - MAH SINGH president Registered Tourist Guides Association of Singapore Dear Sir, We refer to the article "Tour guides fly into criticism in Australia" which appeared in Business Times on Jan 30, 1989. The recent development concerning unlicensed tour guides from Singapore who818 words
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Article361 1989-02-18 19 ROBERTSON E COLLINS - ROBERTSON E COLLINS Tourism Development/Heritage Conservation Pte Lid Dear Sir, Please refer to your editorial "One up for preservation" (BT Feb 8. 1969). Your comments are timely, pertinent and well-phrased. The Preservation of Monuments Board is the agency that can provide public leadership to identify and361 words
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Article457 1989-02-18 19 NEWS, IT HAS been said, is an acronym for "North, East, West, South". If that is indeed so, it would make journalism the most inclusive of all professions. In reality, however, much Journalistic curiosity is expended on the bad, the assumption being that what457 words
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Page 11 Advertisements
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Advertisement321 1989-02-18 11 Today, one watch reigns supreme. -1 s -j •a. mi m mm i Vltra-thm Royal Oak for Lidtes and Men in 18kt. gold, IBkt. gold and steel or all steel and Royal Oak Perpetual Calendar, mechanically programmed up until the year 2100. (Illustrated from left to right> BA *****/722 BA,321 words
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Page 12 Miscellaneous
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Miscellaneous740 1989-02-18 12 mmMm mmmim CRYPTIC PUZZLE ACROSS 8 Mean It's to do with money (7) 9 Loss heavy and that makes reading aasier (4. 5) 13 Tasto the duck. It's exotic (5) 14 Is sick of rain, to start with, and complains about it (5) 15 Be left at home, their having740 words
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Page 13 Advertisements
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Advertisement172 1989-02-18 13 V, HOW GREAT BOTC FINANCE CAN BROADEN \OUR HORIZONS. We know how it feds when you re on the way up. »v~> I'd like to know more about Sometimes, the money in your pocket just doesn t quite Pleasure Craft Loan Scheme match your dreams. Which is why Great Pacific172 words
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Page 14 Advertisements
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Advertisement926 1989-02-18 14 A Where tv entertain... Whet? Tv entertain... Where tv entertain... Where tv ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM For between $26+ and $40+ you can select from our appetiser UKILL buffet including seafood, smoked salmon926 words
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Advertisement276 1989-02-18 14 The cTMaestm of the £\fczzanine Jimmy Chan retains You will be delighted to know Jimmy Chan Is back at the Mezzanine Lounge with more sentimental evergreens. From 8.00 pm to 1.00 am. But before that, from 3.00 pm —7.00 pm. allow Anne Koh to soothe tired nerves with her velvet276 words
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Page 15 Advertisements
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Advertisement278 1989-02-18 15 entertain.... a kc Si —s Sunday Brunch: A great family outing If s a wonderful way to combine a late breakfast wtth an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad278 words
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Page 16 Miscellaneous
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Miscellaneous1612 1989-02-18 16 Snubbed honest bachelor, inter-racial couple MOVIES MICHAEL J Pollard plays a timid and gullible mechanic against Robert Redford's brazen con artist in the so-so flick Little Fauaa And Big Halsy, a character study of two motorcycle racers who team up for a big race. It features a flavourful song score1,612 words
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Miscellaneous1332 1989-02-18 16 SATURDAY BBC 90.9 mHz In VHF Band II SAM Newshour 7.00 World News 7.00 Commentary. 7.1S From the Weeklies. 7.90 Multitrack 3. 0.00 Newsdesk 0.30 Personal View. 6.45 Recording ot the Week. 0.00 News Summary followed by Outlook. 0.25 Financial News 0.30 Classical Record Review. 0.49 Book Choice. 0.49 New1,332 words
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Page 17 Advertisements
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Advertisement250 1989-02-18 17 th*' inv Yeiiv ot > out" iVt a \n ot hV th*' lvUo > SINGAPORE BUSINESS AN OFFER YOU CANNOT REFUSE! JANUARY WINNER: EDDIE LIM HUNG HUAT IC No: *****61/G Two more computer sets to be won one each in February and March '89 THE GIFT YOU WILL RECEIVE SUBSCRIPTION250 words
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Page 18 Advertisements
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Advertisement28 1989-02-18 18 BT welcomes investment Ideas and viewpoints from brokers, bankers and other readers. Address all correepondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 092328 words
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Page 19 Advertisements
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Advertisement44 1989-02-18 19 BT welcomes letters from readers. Your letters must include your signature, full name, address, and home and office telephone numbers, if any. You may add a peeudonym, if you wieh. Address your letters to: The Editor, Business Times, 390 Kim Seng Road, Singapore 0923.44 words
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Advertisement169 1989-02-18 19 n cxiornvE urtsmi Si RROr EWV > 0 I f vn v>'•'£i >* #A. o P* ti m A sa 33 i r BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given169 words
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Page 19 Miscellaneous
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Miscellaneous67 1989-02-18 19 BriSfcOW ftaa&Dtcfcezs JOtJCS IjHPVT GUeSS m gk m «n my SORVIVRL K|T U3PvS IM RT B^lTjsH Mi-sPeeo rril lost OFpce LAST N»GWT I J CVCNMQ tTAMOANO CO. LTD, ISO—1«M ANYTHING mtSSiKG... ucrs see:...suGß^ TONGS... Rue>lC OJ{3£ .PEINKNIFC U»TM p\ Ty-A iNG FOR, G6.TT iHG STORES OUT OF HORSC'S HOOVES... NO67 words
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Article, Illustration467 1989-02-18 20 JOHN TAN - Danger of carriers bypassing S'pore if fares are low By JOHN TAN THE PLANNED rise in minimum air fares from Singapore to the rest of the Orient and Europe is justified because low fares might lead carriers to bypass Singapore for more lucrative467 words
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474 1989-02-18 20 LEE HAN SHIH - By LEE HAN SHIH QANTAS has given yet another sure sign that it intends to take on erstwhile partners Singapore Airlines and Cathay Pacific Airways in the computerised reservation business in the region. In its latest move, Qantas said it had,474 words
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Article, Illustration333 1989-02-18 20 The common winning streak among BT-DHL essay winners THE BEST ESSAYS on the theme "Global City Global Business" were penned not by business executives but by students and potential academics. All three winners of the Business Times/DHL Businessman of the Year Essay Competition, it was discovered when they collected their333 words
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359 1989-02-18 20 Bernama ANY CONSIDERATION of a national economic policy after 1990 when the New Economic Policy expires will be futile without accepting certain political realities in Malaysia, former deputy prime minister Datuk Musa Hitam said yesterday. "Malaysia is multi-racial and different, orBernama - 359 words
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216 1989-02-18 20 UPI AMERICAN businesses seeking to compete effectively for booming Pacific Rim trade opportunities in the 21st century have a lot to learn, a US Senate panel said on Thursday. "The US has yet to learn how to trade in the Pacific.UPI - 216 words
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Article, Illustration147 1989-02-18 20 AFP Reuter SINGAPORE has joined the exclusive club of member states which are represented at the United Nations by female ambassadors. The new Singapore permanent representative, Professor Chan Heng Chee, presented her credentials on Thursday to Sec-retary-General Javier Perez de Cuellar. She succeeds ambassador Kishore Mahbubani,AFP; Reuter - 147 words
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Article70 1989-02-18 20 MALAYSIAN Trade and Industry Minister Datin Paduka Rafidah Aziz yesterday sampled three facets Ot Singapore s industrialisation policy planning, training and infraatructure. She called at the Economic Development Board, the JapanSingapore Industrial Training Centre and the Port of Singapore Authority and visited a local venture Prlntcraft. She alao70 words
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477 1989-02-18 20 WILLIAM CHIA - By WILLIAM CHIA SINGAPORE'S only sugar refinery says it is lacing a difficult situation because Malaysian sugar refiners are selling sizeable volumes here below their domestic market prices. The managing director of SIS '88, Mr Athol Harley, said the Malaysian refiners are477 words
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Article82 1989-02-18 20 AP A MAJOR Japanese stock-profi-teering scandal widened further yesterday with the arrest of a former Labour Ministry official suspected of bribery and a raid on the ministry by proeecutors searching for evidence. Shigeru Kano, 55, former head of the Labour Ministry's Employment Service Division, became theAP - 82 words
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Article77 1989-02-18 20 Reuter COMEX SILVER futures rallied yesterday in early trading on buying by managed fund traders after tracking the early downturn in gold. March silver gained 3.0 cents at U555,925 an ounce which matched Wednesday's higha for the week. Analysts said initial selling came from local traders with goldReuter - 77 words
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LATE FILE
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Article60 1989-02-18 20 Reuter THE PRICE of gold Ml to Its lowest level In 2-1/2 year* yesterday morning after selling by Australian producers depressed prices in Asia, dealers said. Bullion was quoted as low as U*****.90 an ounce in London, US$4 down on Thursday's close, before edging upReuter - 60 words
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Article41 1989-02-18 20 AP SOUTH KOREA yesterday appointed career diplomat Kim Sae-taek Ambassador to Singapore. Mr Kim, 51, direc-tor-general of the Foreign Ministry's International Organisations and Treaties Bureau, replaces Lee Chang-eoon, who was reassigned home as an ambassa-dor-at-large. APAP - 41 words
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Article44 1989-02-18 20 Reuter MIDLAND Bank pic, the fourth largeet British bank, said yesterday that 54 of its stockbroking staff would lose their jobs in the latest round of rationalisation in London's financial community. The layoffs are at Midland's Greenwell Montagu Stockbrokers.Reuter - 44 words
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Article53 1989-02-18 20 Bernama MALAYSIAN exports to the US under the duty-free Generalised System of Preferences doubled lest year compared with 1987. Malaysia exported U*****.3 million worth of products under the GSP in the first 10 months of 1988, compared with US$2BB.l million in the same periodBernama - 53 words
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Article52 1989-02-18 20 Bernama THE INDONESIAN government is considering abolishing the exit permit tax on. people wanting to travel overseaa, director-general of immigration Roni Sikap Sinuraya said yesterday. The exit permit tax requires an Indonesian or a permanent resident to pay 250.000 rupiahs (MS4OO) each time he goesBernama - 52 words
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Page 20 Advertisements
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Advertisement141 1989-02-18 20 Tha gold report waa not available at praaa Mma. 3 J i I M V «■> /V 4 Made in fine, lightweight 100% cotton, St Michael's slips for men are tailored for extra comfort. A front double lining ensures a better fit. Available in attractive bold stripes. Illustrated: Men's Slips141 words
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