The Business Times, 23 September 1989
1989-09-23
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The Business Times
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Title Section12 1989-09-23 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, September 23-24 1989 75 CENTS12 words
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Article, Illustration457 1989-09-23 1 JAYARAM MENON - TENDERS CALLED FOR YISHUN AND TAMPINES SITES By JAYARAM MENON THE Housing and Development Board's launch of its first major sale of sites for commercial development has met with enthusiastic response. "By late afternoon, we received over 30 enquiries and sold 20457 words
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306 1989-09-23 1 Reuter CHINA'S southern city of Canton, eager to fill its cash-starved coffers, is holding a sale of stateowned factories and land next week, and foreigners are being urged to buy. A spokeswoman for Yue Xiu Enterprises, a Hongkong-based trading houseReuter - 306 words
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277 1989-09-23 1 AP CHINA'S top entrepreneur said yesterday that it will take two to three years for China to overcome its current economic woes. He also expressed confidence his company, a target of recent government investigations, will continue to prosper. Rong Yiren, 73, chairman ofAP - 277 words
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305 1989-09-23 1 WALTON MORAIS - By WALTON MORAIS AFTER TWO YEARS of research and development funded by a government grant, a local company has developed a potential money-spinner. Innovasia Pte Ltd is expecting sales of $100 million over the next three years from its ribbon re-inker, a product for305 words
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Article53 1989-09-23 1 Reuter US STOCK PRICES remained firm early yesterday, but trading was lacklustre. Investors found few reasons to enter the market aggressively, amid questions about the economy and the future of takeovers. The Dow Jones Industrial Average was up about one to 2,681. Gainers led losers by about fiveReuter - 53 words
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Article44 1989-09-23 1 AP LONDON share prices were lower at midday yesterday. At 1100 GMT, the Financial Times-Stock Exchange 100-ehare index was off 6.1 points, or 0.3 per cent, at 2,374.8, higher than its morning minimum of 2,373.4 but down from the best of 2,382.1. APAP - 44 words
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Article, Illustration233 1989-09-23 1 REGIONAL stock markets ended on a mixed note with Hongkong closing sharply higher for the second consecutive session yesterday. Share prices in the British colony recovered to levels seen before the June 4 Beijing massacre, with the Hang Seng Index closing 40.61 points higher at 2,706.36.233 words
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Article152 1989-09-23 1 Stock Indices Friday ST Muatrtato Max (-B-55 IT Compoafte Index 1,255.07 (-6.20 NST Induatrtal Index 2,527.87 10.06) LW 11 r l i rm nOnQ DOt* 2706J6 40^1) Tokyo Nfckel Averoge *****.79 oyaoty aji-vaamorw (-7.5 TKuriJoy Now York (Dow Janet) 2,680.28(-3.61 London (FT 30 Max] 1962.9 8.3) Exchange152 words
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Page 1 Advertisements
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Advertisement270 1989-09-23 1 Nikon TtwWbrid'snnMt Phuiogwphte Syrtsm. mmm, immm* ■jm It's the bottom that counts Page One Drugs: Not their problem but ours Pag* Two Spotlight on the Englishman's tipple Pag* Four Second thoughts on pig's brains Pag* Fhr* Aids and the media Pag* Six Just shoot, shoot, shoot Pag* Seven Use of270 words
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Advertisement139 1989-09-23 1 I Full report, PAGE 7 Regional mfcts, PAGE 10 World mkto, PAGE 11 r gue^t Since 1775 •s •1 J SB A m t > Precision mastery since 1775 Abraham Louis Breguet (1747 1823) was one of the most phenomenal watchmakers history has ever known. His genius was an overriding139 words
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HOME NEWS
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Article, Illustration480 1989-09-23 2 SUZANNE SOH - Study tour impressed with Singapore's shopping environment By SUZANNE SOH RISING RENTALS for Orchard Road's prime shops may soon reach those in Hongkong's Tsimshatsui shopping district, observed a convention delegate from the colony on a shopping tour here yesterday. Monthly rentals for480 words
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164 1989-09-23 2 MORE construction workers are going for testing and formal training at the Construction Industry Development Board's (CIDB) training arm. In the first half of this year, there were 1,527 Trade Test candidates at the Construction Industry Training Centre, approximately twice the number during164 words
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Article38 1989-09-23 2 Full range business and worldwide trust-service, establishing of companies, excellent bank connections, tax consulting, best references, In-Travaux Treuhand AG, CH--6300 Zug, Baarerstr. 43, phone +42 21 34 34, fax +42 2213 52, tlx +862 65638 words
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283 1989-09-23 2 LILIAN ANG - By LILIAN ANG MORE THAN 00 local companies have signed up for a match-making programme which introduces potential trade partners in Japan to foreign companies. Jetro Tops, a scheme implemented by the Japan External Trade Organisation (Jetro), aims to help overseas firms283 words
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Article141 1989-09-23 2 THE MINISTER of Trade and Industry, BrigadierGeneral Lee Hsien Loong (Reservist), yesterday presented certificates and ceremonial swords to four national servicemen who won this year's SAF Overseas Scholarships. Second Lieutenant Tan Chuan Jin, 20, will read economics at the London School of Economics; Officer Cadet Ng141 words
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187 1989-09-23 2 THE PRESIDENT of AT&T Bell Laboratories will have the honour of kicking off the annual lecture series which the Information Communication Institute of Singapore is launching this October. Dr lan Ross' lecture, entitled "Technologies for the *****", will give an187 words
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Article, Illustration211 1989-09-23 2 THE PORT OF Singapore Authority (PSA) has entered into an agreement with Singapore Computer Systems (SCS) to buy a "fault tolerant computer" costing $2.6 million. This brings the PSA's investment in computer hardware to $12.6 million. Imported from the US from Stratus211 words
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Article, Illustration394 1989-09-23 2 JOCELYN TOH - By JOCELYN TOH PLANT biotechnology firm Plantek International has been awarded a grant by the US government to do research on the micropropagation of quality tea strains. The grant was given to Plantek to work jointly with the Indonesian government agency, the Indonesia National394 words
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417 1989-09-23 2 SANGEETA MULCHAND - Bj SANGEETA MULCHAND COMPANIES marketing insecticides in aerosol cans have cried foul in response to the Body Shop's anti-ozone advertisement, calling it "inaccurate and misleading". The ad that appeared in The New Paper yesterday featured an aerosol can next to the headline "It417 words
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Article, Illustration299 1989-09-23 2 THE SINGAPORE GOVERNMENT has commended the aviation authority on Changi Airport being named the world's best airport. Credit for the airport s consistently excellent performance should go to the Civil Aviation Authority of Singapore, said Minister for Communications and Information Dr Yeo Ning299 words
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288 1989-09-23 2 AUSTRALIA wants more prod-uct-related investments from Singapore, said Mr D H Hunter, general manager (operations) of Austrade, the Australian Trade Commission. "A large amount of Singapore investments is in real estate, and we in Austrade would like more investments to go into export-oriented288 words
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Page 2 Advertisements
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Advertisement250 1989-09-23 2 I.KADKRSIIII* IN M \(il MI N I The Graduate School of Management at the University of Melbourne is a national management school Its graduates have a record of success and leadership in the management of business and public organisations. The School has the most modern teaching, library dining, sporting and250 words
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Page 2 Miscellaneous
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Miscellaneous142 1989-09-23 2 Global tamparaturas and waathar foracaat for Sap 23 ftrunoi Brussals Chicago Cop*hogan Frankfurt Ganava Glasgow Hongkong Houston Jakarta K Lumpur Lisbon London Los Angotos Madrid 15/7 Sunny 18/9 Showars 30/21 Sunny 15/9 Cloudy 33/25 Showers 25/16 Sunny 16/12 Showars 18/9 Cloudy 31/23 Showars 18/10 Sunny 15/6 Showars 18/11 Showars 21/12142 words
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FOREIGN NEWS
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Article, Illustration351 1989-09-23 3 Reuter YEGOR LIGACHEV. the most prominent conservative to survive this week's Kremlin reshuffle, has accused Soviet reformers of seeking a return to capitalism and generating havoc. Mr Ligachev, who has appeared increasingly at odds with Soviet President Mikhail Gorbachev in the past fewReuter - 351 words
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199 1989-09-23 3 Reuter MEMBERS of the soviet Parliament have joined public condemnation of the Communist Party daily Pravda over an article ridiculing reformist and public hero Boris Yeltsin. A parliamentary committee said on Thursday that it would investigate the circumstances of its publication in the daily, onceReuter - 199 words
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Article, Illustration413 1989-09-23 3 Reuter BRITISH PRIME MINISTER Margaret Thatcher said yesterday that changes in the Soviet Union and Eastern Europe revealed economic and social problems far worse than the Kremlin or the West had realised. "The scope and pace of change in the Soviet Union and EasternReuter - 413 words
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251 1989-09-23 3 AFP THE FIRST TALKS between Britain and China on the future of Hongkong since the June massacre in Beijing will take place in London from Wednesday to Friday next week, the foreign office announced on Thursday. The meeting will be the 13thAFP - 251 words
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188 1989-09-23 3 Reuter THIRD WORLD countries must seek more private investments to finance an estimated US$lOO billion per year in energy development costs, delegates at the World Energy Conference said on Thursday. "The World Bank and the public sector can only contributeReuter - 188 words
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Article922 1989-09-23 3 ARRIVALS DEPARTURES Operator Service Local From Operator Service local For number rim* number time ACA ACS 88 0925 YYZ/LHR/BOM SU SO 104 0830 KUL SU SQ103 0950 KUL PAS EP538 0830 BPN CAL O806 1000 CGK ML J1712 0840 NRT CPA CX710 1000 CGK SU SQ192 0845922 words
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217 1989-09-23 3 AP INCOMES ROSE sharply for people in key Asian countries last year but dropped again in southern Africa and Latin America, the World Bank reported on Thursday. In Japan, the average per capita rose to U5512,480 from 1987's US$ll,7BO. The rise inAP - 217 words
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472 1989-09-23 3 Bernama ACKNOWLEDGING THAT the American market can no longer serve as the "engine of growth" for the developing world, a US Congressman has called on Congress and the Bush Administration to move quickly and decisively to make the concept ofBernama - 472 words
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305 1989-09-23 3 AFP THE DOWNWARD revision from 2.7 per cent to 2.5 per cent of the growth rate of the US gross national product (GNP) for the second quarter was greeted with relief in both government and economic circles. In both circles it was feltAFP - 305 words
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365 1989-09-23 3 AP INDIA HAS DENIED a charge by Tamil militants that it had violated a ceasefire in the north-eastern province, while the Sri Lankan government oflerred to halt military operations against Sinhaleee extremists in s bid to curb ethnic violence that has claimedAP - 365 words
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578 1989-09-23 4 Bernama MALAYSIA has unofficially pledged to contribute £18.72 million under a compromise formula for an out-of-court settlement with creditors of the International Tin Council (ITC). An informed source in Kuala Lumpur told Bernama on Thursday that Malaysia was making this contributionBernama - 578 words
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237 1989-09-23 4 Bernama THE Selangor government has recently received applications from foreign companies to buy industrial sites covering a total of about 810 hectares. Acting Selangor Chief Minister Datuk Haji Abu Sujak Haji Mahmud said on Thursday that Taiwanese investors had requested about 205Bernama - 237 words
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388 1989-09-23 4 AP NATO on Thursday offered the Warsaw Pact new proposals for reducing the threat of war in Europe, and Western negotiators expressed confidence that agreement could be reached by next year. The proposals would regulate how information on the size and locationAP - 388 words
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Article, Illustration283 1989-09-23 4 AFP AUSTRALIA'S record current account deficit last month reflects a strengthening of the country's export infrastructure, Prime Minister Bob Hawke said yesterday. Mr Hawke claimed that the record monthly deficit of A 52.58 billion (US$2 billion) announced on Thursday was not as bad as itAFP - 283 words
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391 1989-09-23 4 Reuter OPPONENTS of apartheid planned renewed protests yesterday after South African police ended two weeks of rare tolerance by crushing an illegal demonstration in one city and stopping marches in two others. Activist sources said they were organising marchesReuter - 391 words
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394 1989-09-23 4 Reuter THE US Ambassador in Manila said a pullout of American bases from the Philippines could create a security vacuum in the region which other foreign powers would be tempted to fill. Nicholas Piatt, in a television interview on Thursday night, alsoReuter - 394 words
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321 1989-09-23 4 AP NORWAY'S oil-powered economy has begun to rebound from a slump brought on by low crude prices but austerity measures cannot be relaxed yet, the state bank says. In a regular quarterly report released in Oslo on Thursday, the State BankAP - 321 words
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235 1989-09-23 4 Reuter THE United Nations General Assembly's new president, Joseph Garba, said on Thursday that despite "some very positive noises" by South African President Frederik De Klerk, apartheid seemed likely to remain as entrenched as ever. Since his National Party had not proclaimed equality and libertyReuter - 235 words
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224 1989-09-23 4 AFP SOUTH KOREAN President Roh Tae-Woo yesterday summoned a trade conference tor the first time at the presidential mansion amid serious concern over sluggish exports, officials said. Trade and Industry Minister Han Seung-Soo reported at the conference that South Korea s commodityAFP - 224 words
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251 1989-09-23 4 Reuter INDIA issued a strong protest on Thursday at the latest developments on producing a new constitution in Fiji, saying revised proposals still discriminate against people of Indian origin. A foreign ministry statement said a constitutional committee which recently submitted a report "has not addressedReuter - 251 words
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Article1649 1989-09-23 4 AT CONVENTIONAL WHARVES VmmI Voy Ho Barth Arrival Departure K appal Wharvaa Anangel AHa 1 1 S K35 alongside 23.09/ 1500 Artur Grott 2B/W C10 alongside 22.09/2300 Equator Gran 8/89E <20 alongside 23.09/0700 Equator Jade 9/89E <20 alongside 22.09/ 1900 Fong Yun 8909A <36 alongside 24.09/ 08001,649 words
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Page 3 Advertisements
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Advertisement21 1989-09-23 3 LONDO C*jmrT*mdA*mmAkamh*Ti3»m A BREATH OF FRESH AIR TW bmmmm ttmm't cUr tmy Dm%, Imm m 4 yrM* w > ■< 1 Air Canada21 words
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Advertisement25 1989-09-23 3 Daiwa LD K sr r m Vi v.; |B*' s -> :v -»V"*W'"**&■ f i ?5W K- <•: r*. Si '■•■Jsomm&XMmsz:-;••:••• AVAILABLE AT LEADING GOLF RETAIL OUTLETS25 words
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Page 3 Miscellaneous
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Miscellaneous71 1989-09-23 3 Doonesbury A f II HONEY? MR. TRUMP HAS JUST ARRJVEP. UTHYDONT YOU TELL HIM A UTTiebit^ ABOUT yoursele* UM .Om, MY NAME IS BARBARA ANN BOOPSTBIN, AND IREALVY, REALLY, REALLY NSW THIS JOB ON YOUR GAME SHOUJ. BY GARRY TRUDEAU ITHINK I CAN PROJECT EMPATHY UIfTH THE CONTESTANTS, ANPTHAJI CAN71 words
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BANKING AND FINANCE
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439 1989-09-23 5 AFP FOREIGN EXCHANGE traders and economists will be looking for a new sign of commitment to a stable dollar policy when the US and its economic allies meet today in Washington. In July, at an economic summit meeting in Paris, the dollarAFP - 439 words
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363 1989-09-23 5 AFP THE TOP executive of the International Monetary Fund (IMF) has warned that the world economy is not yet out of the woods after the financial shocks of the past two decades. IMF managing director Michel Camdessus stressed onAFP - 363 words
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273 1989-09-23 5 AP J P MORGAN and Co Inc has moved ahead of other major banking companies by adding US$2 billion to its cushion of reserves for loan losses, indicating deeper pessimism about the chances of repayment by developing countries. Morgan's action on ThursdayAP - 273 words
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375 1989-09-23 5 Credit quality of short-term deposits on a par THE CREDIT QUALITY of Singapore's long-term deposits surpasses that of Hongkong, according to rating agency Moody's Investors Services. This was reported in the South China Morning Post yesterday. The Hongkong daily also said375 words
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434 1989-09-23 5 SOH TIANG KENG - By SOH TIANG KENG, Financial Correspondent THE SINGAPORE International Monetary Exchange has switched to the US-style corporate set-up with its ranks of president and vice-presidents. This change is also in line with similar presidential ranking systems adopted by overseas futures exchanges like the Chicago Mercantile434 words
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COMMODITIES
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Article71 1989-09-23 5 Reuter CBOT soybean futures settled mostly higher on Thursday, with a private forecaster's outlook for frost in Midwestern growing areas igniting fresh buying and short-covering, brokers said. Many traders had discounted talk of crop damage, saying the cold front expected to hit the Midwest probably would not drop farReuter - 71 words
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Article121 1989-09-23 5 Reuter CBOT soft red winter wheat futures settled unchanged to higher on Thursday, aided by short-covering and spillover buying from strong corn and soybean markets, floor sources said. The market absorbed selling arising from the USOA's rejection of Morocco's wheat bid, and continued upwards, trailing corn and soybeans, whichReuter - 121 words
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Article195 1989-09-23 5 Chinese Produce Exchange Sellers' noon dosing prices on September 22 (S$/100 kg) Coconut oil Boik FOB 94.00 Old drum FOB 104.00 Now drum FOB 108.00 Copra Mixed (loose) 52.00 sellers Pepper /vNunro* WTWTW FOB NLW 490.00 Sarawak whit* FOB faq NLW 480.00 Sarawak spedal block FOB NLW 397.50195 words
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Article278 1989-09-23 5 London Commodity Exchange Buyer/Seller dosing prices on Sep 21 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis In-jtore London, sellers option CIF London Sop 765/770 1770/777) High/Low 800/775 Nov 785/787 (787/789) High/Low 818/785 Solos (7393) Cocoa Sop 749/750 (728/732) High/Low 754/730 Doc 805/806 (783/784) High/Low 807/779278 words
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Article378 1989-09-23 5 HONGKONG: Gold closed little changed in quiet and sluggish trade yesterday, dealers said. Investor sentiment was generally bullish, they said, but selling by Australian and Singapore producers emerged at US$365 an ounce. "Most traders stayed on the sidelines ahead of the G-7 meeting this weekend," a dealer said,378 words
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Article85 1989-09-23 5 (cantt/kg) OCTOBER 1989 NOVEMBER 1989 (currant month) (forward month) RAS NOON NOON Bvy*n S*ll*rt Bwy*ri S«M*n SSR 20 1 58.50 160.50N 159.50 161.50N SSR 50 156.50 158 SON 157.50 159 SON MRELB Bvyvrt S*M«n Svycrt S«U«rs SMR CV 226.50 228.50N 228.50 230. SON SMR I 226.50 228.SON85 words
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Article208 1989-09-23 5 SINGAPORE: Rubber prices closed steady, with October One RSS buyer quoted at 170.00 cents a kg, unchanged from Thursday's close. Prices weakened slightly in quiet afternoon trade on a lack of demand, after rising in the morning session on some short-cover-ing interest, dealers said. Trading on the TSR-20 Award208 words
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Article295 1989-09-23 5 RAS prices In 8 c*nts/kg, FOB In bal« 1 NOON CLOSE Buyers 5<H<n Buyers Sellers Int 1 RSS Prompt 170.00 171.00N 169 JO 170 JON bit 1 RSS Oct 170.50 171 JO 170.00 171.00 Int 1 RSS Nov 173-50 174 JO 173.00 174.00 bit 2 RSS OP295 words
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Article142 1989-09-23 5 A SMALL OFFERING at the •tart saw the Kuala Lumpur Tin Market (KLTM) price cloae a aen higher at M 121.79 a kg yeaterday, brokers said. Trading waa brief, doelog on the third call after opening with bids of 7t ton nee against ollsrs of 66, they said.142 words
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Article144 1989-09-23 5 Telerate A SLIGHT retracement from levels was seen in light dealing yesterday. With demand and supply fundamentals fairly stable, potential buyers were seen in little hurry to cover October CST-180 cargoes. Bids were heard at $89-90 mt fob Sing. Simex's high sulphur fuel oil futures contractTelerate - 144 words
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Article492 1989-09-23 5 MALAYSIAN CRUDE PALM OIL FUTURES turned easier yesterday as profit-tak-ing emerged to check the previous two days' price surge. Despite a sharp rise on the Chicago Board of Trade, the market opened unchanged, and went down sharply as operators turned cautious until it found support at the M5765-per-tonne492 words
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MONEY AND EXCHANGES
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564 1989-09-23 6 'ALLIANCES MEET INTERESTS OF BOTH PARTIES' Reuter ALLIANCES between US commercial banks and their Japanese counterparts are likely to continue, said Robert Parry, president of the Federsl Reserve Bank of San Francisco. "We are likely to see more of these and the reason is itReuter - 564 words
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Article1211 1989-09-23 6 SINGAPORE: it was a relatively quiet day yesterday ahead of the weekend and the G-7 meeting in Washington. Dealings were generally thin in the spot and forward markets. The Australian dollar firmed from opening levels on buying interest from Japan in the morning and stayed firm to close1,211 words
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Article176 1989-09-23 6 Gold futures on September 21, 1989 100 troy ouncai USS par troy ounce Opan High Low um» S*p 365 50 >040 Oct 364.80 366.50 364.50 366.30 >040 6. a m No* Ok 349.00 ***** 34M0 370.30 t u.ou 0.20 Nb 37X30 374-50 37X10 374.20 0.20 Apr 377.00176 words
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Article273 1989-09-23 6 ASIAN DOLLAR deposit rates closed steady at opening levels in quiet trading yesterday. Dealers said most operators were sidelined ahead of yesterday's release of US August personal income and spending data and today's Group of Seven and International Monetary Fund meetings. Term rates were steady to slightly273 words
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Article541 1989-09-23 6 Reuter EURODOLLAR futures yesterday closed higher on weekend book-squaring in active trading ahead ot the weekend G-7 and IMF meetings, dealers said. "Traders will be monitoring the IMF and G-7 meetings for clues to interest rate differentials between the US dollar and Japan." a local broker said. December EurodollarReuter - 541 words
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Article54 1989-09-23 6 THE overnight rate on the Singapore money rose 1/16 point to 5-3/8 per cent yesterday. Term rates were all unchanged. S$ lnt( at th« srbank rat*» dote yesterday: OTO HD OimT2L* 3 MU><tl Ovwnif 5 3/1 3 1/4 9 1/4 5 9 1/4 9 l/» 9 1/4 354 words
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Article98 1989-09-23 6 Treasury bills Day's Period Issue Yesterday's dosing code Maturity ID OF*» MGH LOW 3 nm*hs RQ*****E 21.9.89 434 4.29 6 months &S***** V 18.01.90 4.26 4.21 1 y*or BY*****F 24.05.90 4.34 4.29 Government notes and bondi 1 Period Issue Maturity Coupon Yesterday's dosing Day's cpd0 rate MD98 words
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Article, Illustration190 1989-09-23 6 in ini ■t— —r Am prints Imdhi ratM of 12 ma|or banks In rpora a ites (offer/bid) on Sop 22 us$ DM SWFC Y«n 7 4mr* IS IS/14 IS/I* 7 7 7 1/4 7 1/* s/a 1/4 1 t %7/% IS IS/I* IS/I* 7 S/l* S/l* 7190 words
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Article1196 1989-09-23 6 CURRENCY FUTURES OPTIONS DEUTSCHE! fft_rl_f.li ''K)0 Yi JVprVTriC IARK (SMEX) mt 22, 1989 N«e* i M fl S*pl Ml Mpato 1 Aaa Sal 93 53 94 t i YEN (SMEX) li 1 1 M pun 71 High LMP 72 73 79 1 IMM THundoy, Sap Mibtr 21, 1989 snmsH1,196 words
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Article260 1989-09-23 6 Reuter IMM CURRENCY futures closed an extremely quiet Thursday session lower, unable to draw strength from the Federal Reserve s apparent intervention against the dollar. Contracts drifted down in the middle of the afternoon, extending early losses posted after the Bundesbank decided against raising rates to curb domestic inflationaryReuter - 260 words
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COMPANIES & STOCK MARKETS
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Article, Illustration1148 1989-09-23 7 ELAINE KOH - by ELAINE KOH IT WAS undeniably the week of United Industrial Corporation. First, it stunned the market by getting $690 million for the Paragon, and then it forked out $281 million for a significant stake in premier propertyOei Hong Leong - 1,148 words
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270 1989-09-23 7 APOLLO Enterprises Ltd, still burdened by heavy interest charges, has turned in another set of dismal results for the half year ended June 30, 1989. Group loss after tax and minorities, however, fell 37 per cent to $1.18 million from $1.88 million270 words
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253 1989-09-23 7 HONG LEONG Industries Bhd, of the Hong Leong group in Malaysia, has divested its 50 per cent stake in Allied Walker Distributors Sdn Bhd for Msl.6 million. The sale of its stake to Hiram Walker Gooderham and Worts of Canada will allow the company253 words
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Article742 1989-09-23 7 HONG LEONG Credit Bhd said its proposed joint venture with Yayasan Pelajaran Johor (YPJ) and C Itoh Co Ltd would provide the Hong Leong Group with opportunities to expand into other activities, including the tourism and related industries. Replying to a query from the Kuala Lumpur Stock Exchange,742 words
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Article, Illustration450 1989-09-23 7 ELAINE KOH - Listing requirements need to be considered By ELAINE KOH PROMET PETROLEUM, in which the Promet group has a 12.7 per cent stake, is considering floating its Indonesian assets on the booming Jakarta stock exchange. The Indonesian Summa group, which is seeking a base450 words
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341 1989-09-23 7 KEVIN GWEE - By KEVIN GWEE HOTEL PROPERTIES Ltd is pursuing a procedure prescribed by Section 76(10) of the Companies Act (Cap 50) so that it can pay the accrued interest on its 4 per cent bonds to certain investors. In an341 words
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325 1989-09-23 7 Bernama AYER HITAM Tin Dredging Malaysia Bhd has called on Malaysian tin-based companies to form a consortium to jointly explore untapped mining areas, especially in South-east Asia. "No company can explore on an international scale the mining areas alone because ofBernama - 325 words
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Article1010 1989-09-23 7 CMWWI Ex Books Mi ToM tar ToM tor does Ml All •m year laat year Aim*. Htdgs 4%W Aug 29 Sep 8 Sep 24 4% 4% Asiatic Dev 2.5%» Oct 5 Oct 19 Nov 18 2-5% 55% Austral Amoi 20% Sep 22 Oct 4 Oct 31 40% 25%1,010 words
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113 1989-09-23 7 Bernama DESPITE the adverse performance of an associated company, Universal Cables (M) Bhd has returned to the Mack wtth a group pre-tax profit of M 52.00 million tor the half year ended June 30. 1000 aoelnst a pre-tax loss of M 512.96 million In thsBernama - 113 words
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SES
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Article, Illustration1124 1989-09-23 8 KEVIN GWEE - -by KEVIN GWEE GAINS in the first half-hour of trading were erased by profittaking and share prices fell on a broad front in moderate trade yesterday. Brokers were disappointed by the rate at which profit-taking took over. "I would have1,124 words
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Article307 1989-09-23 8 Managers' prices Royal Trust Asset Mgt UOB Management Ooivwi Jopon Fund (Sep 20 Thot Pnme Fund (Sep 19 *9.178 US$1449 for Seo 23 25 H S pore Gr Fund 089 094 Umfund 1265 1 265 IT Asa Poc Gr Fund 1.14 120 Umbond-t-105 1075 Funds (US$) Singapore Unit307 words
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Article52 1989-09-23 8 JACK CHIA ENTERPRISES (MALAYSIA) BERHAD: 62nd AGM at the Conference Room (Teratai 1 2), 2nd Floor. P J Hilton. No. 2 Jalan Barat. Petaling Jaya. today. Sep 23, at 11am. FAR EAST-LEVINGSTON SHIPBUILDING LIMITED: EGM at 31 Shipyard Road. Jurong Town, Singapore 2262 on Sep 25, Monday, at52 words
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Article6307 1989-09-23 8 Gr's Gr's 1* 19 Tel Last Vol Day Last Quote Div DIv rid Net M Cap High Low Cod* Company Sale OC(•000) High Low Buyer Seller C'vr PIE Smll SEP 22 SESDAQ 275 120 t 4000 Amtek Eng 200 273 -1 378 273 271 272 274 126,307 words
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KLSE
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Article, Illustration3484 1989-09-23 9 Bernama, Reuter SHARE PRICES in Kuala Lumpur finished mixed yesterday as bargain hunting alternated with bouts of profit taking. Trading was moderate with property issues, lower liners and selected blue chips continuing to attract buying interest The market opened steadier but turned mixed when most operatorsBernama,; Reuter - 3,484 words
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REGIONAL MARKETS
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Article, Illustration750 1989-09-23 10 Reuter. NOMURA SECURITIES Co Ltd, the world's biggest broker, has un-< veiled new strategies to spark r some life into Tokyo's lagging exchange. <•* It kicked off branch manager 'meetings by Japan's Big Four bro-"-kers on Tuesday touting themes suchReuter. - 750 words
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Article, Illustration655 1989-09-23 10 AFP J"HE HONGKONG stock market and the government are at odds over fighter securities laws as the administration tries hard to rid the market of its "Mickey Mouse" tag, earned during the 1987 global /fctock crash. Hongkong's financial image wasAFP - 655 words
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278 1989-09-23 10 Reuter "4>IAI OFFICIALS have accepted a financing package proposed by a consortium to build a US$l.6 billion elevated rail system 'tn Bangkok. Officials of the state-run Expressways and Rapid Transit Au- tfwrity (ERTA) said they will seek pabinet approval for further negotiation on minor detailsReuter - 278 words
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Article, Illustration588 1989-09-23 10 Tokyo Reuter CAUTION ahead of the Group of Seven meeting this weekend arrested Thursday's rally and Tokyo share prices finished mixed in modest trade yesterday. "The market started out strong on trust fund buying but then hit a dull patch," said George Nimmo. senior salesman for SBCIReuter - 588 words
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Article, Illustration521 1989-09-23 10 Sydney Reuter THE AUSTRALIAN share market closed lower yesterday after drifting without firm direction for most of the day, brokers said. The All Ordinaries Index finished 7.5 points down at 1,706.7, just above its intra-day low of 1,704.1. Brokers said the index looked set to go below theReuter - 521 words
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Article, Illustration1273 1989-09-23 10 Hongkong HONGKONG share prices yesterday recovered to levels seen before the June 4 Beijing crackdown on the student-led pro-de-mocracy movement, with the Hang Seng Index closing 40.61 points higher at 2,706.36. The index stood at 2,675.36 on June 2 before the weekend bloodletting sent the1,273 words
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Article138 1989-09-23 10 Reuter SHARE PRICES in Manila eased in quiet trade yesterday and brokers predicted the market would continue to move sideways. The Manila Stock Exchange Composite Index fell 7.52 points to close at 1,128.34. The combined transactions at the two bourses fell to 657.7 million sharesReuter - 138 words
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Article243 1989-09-23 10 Reuter THAI STOCKS yesterday finished lower on profittaking in most sectors except for the textile sector which was boosted by a new share listing, brokers said. The SET Index fell 0.96 point to end at 707.26 in active trade. Declines led advances 56 to 46. Most actively tradedReuter - 243 words
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Article95 1989-09-23 10 Reuter VOLUME on the Jakarta stock market continued to rise yesterday, reaching 986,851 units after Thursday's 606,121, but the index dropped 5.6 points to 4537. Brokers blamed the fall on a lack of foreign interest. "There were some medium-sized operators in the market but foreign investors areReuter - 95 words
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Article92 1989-09-23 10 Reuter THE NEW ZEALAND share market yesterday closed easier in featureless trading and further easing is expected at the start of next week, dealers said. "It tried to rise and couldn't make it." one broker said. Weakness on international markets was a prime reason for theReuter - 92 words
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Article425 1989-09-23 10 Reuter TAIWAN share price# rose across the board yesterday, pushing the market index high enough to set a new record close, dealers said. The weighted index rose 105.16 points, or 0 99 per cent, to finish at 10,672.22 compared with Thursday's 10,567.06 and the previous record ofReuter - 425 words
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Article276 1989-09-23 10 Reuter SEOUL stock prices fell for the sixth consecutive session in light trading yesterday as investors remained nervous about an expected government-in-spired tightening in liquidity conditions. The composite index shed 5.77 points to close at 932.36 on turnover of 190.3 billion won against 229.4 billionReuter - 276 words
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Article47 1989-09-23 10 SHARE PRICES on the Bombay exchange drifted lower in light trading on the first day of a new account yesterday, brokers said. "Trading was a dull affair. There was very little action. The continuing absence of investors left the market rudderless," a broker said.47 words
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WORLD MARKETS
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Article, Illustration897 1989-09-23 11 New York Reuter US STOCKS closed slightly lower in moderate trading on Thursday. Sell programs late in the day helped push market averages lower, traders said. Bank stocks finished higher but early gains were trimmed. Concerns about slower merger activity remained a concern. The DowReuter - 897 words
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Article, Illustration842 1989-09-23 11 London Reuter EQUITIES opened mixed in moderate activity with attention on special situation stocks in the absence of major corporate results or economic.data. "We seem to be stuck in a narrow trading range at the moment and although the market needs a shakeout to clearReuter - 842 words
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Article1851 1989-09-23 11 Reuter AMSTERDAM: Dutch share prices were little changed at midday yesterday, with the market marginally livelier than on Thursday, but still rather listless, dealers said. "Shares are consolidating recent gains. Some fresh direction might come from the G-7 meeting at the weekend." said a trader. The CBSReuter - 1,851 words
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591 1989-09-23 11 FT PETER RAWLINS, managing di- rector of Sturge, a leading Lloyd's insurance firm, is expec- ted to become the next chief ex- c ecutive of London's International t Stock Exchange. Mr Rawlins, a 38-year-old ac- < countant who hasFT - 591 words
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Article, Illustration475 1989-09-23 11 TALK OF GENERAL MOTORS EYEING JAGUAR Reuter GENERAL MOTORS Corp. rumoured to be interested in buying Jaguar pic, has reason to covet the luxury car maker, but perhaps not enough to risk an expensiva bidding war with arch-rival Ford Motor Co. ItReuter - 475 words
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473 1989-09-23 11 Reuter THE BRITISH government on Thursday gave a conditional go-ahead to financier Sir James Goldsmith's hostile takeover bid for London-based tobacco and financial services giant BAT Industries. The Department of Trade and Industry said the offer, Europe's largest at £13.5 billion and being madeReuter - 473 words
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476 1989-09-23 11 Reuter KUWAIT and Saudi Arabia are among the front-runners to buy Amoco Corp's British downstream assets and would have to pay at least US$6OO million to secure a deal, much more than first estimated. London analysts say. "The most likely buyer begins with aReuter - 476 words
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Page 7 Advertisements
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Advertisement308 1989-09-23 7 I \i lusi\ ol\ .it I In' I lout .l.i-- M THE MATTER OF THE OOMRAME8 ACT, CAP. 80 AND M THE MATTER OF SY8TEM8CX*E (COMPUTER SERVICES) PTE LTD (il wmbTnDBKT fWWBy NOTICE 6 HEREBY OWEN pursuant to Baodon 301 of toa CompantoaAct,Cap.90,9wta HmI Maadng of toa Mvnhan of «N308 words
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Page 8 Advertisements
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Advertisement13 1989-09-23 8 Hjr 2 A Treasury of Alpine Pleasures ..< at Chesa Hotel Equatorial. Ttfc *****3113 words
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Page 9 Advertisements
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Advertisement9 1989-09-23 9 A Sichuan Culinary Heritage at Golden Phoenix HotelEquatoful.Tet *****319 words
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Page 11 Advertisements
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Article, Illustration423 1989-09-23 12 WALTON MORAIS - By WALTON MORAIS THE GOVERNMENT'S drive to boost automation has struck a responsive chord among Singapore companies. The Economic Development Board's director of national automation programme, Leong Cheng Chit, said yesterday that there has been a dramatic rise (h the amount of government423 words
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90 1989-09-23 12 Reuter HONGKONG'S Legislative Council will send members to Britain's Conservative and Labour Party conferences to lobby for full British passports for 3.25 million local Chinese, the council said yesterday. The largely-appointed Legislative Council started its campaign after Beijing's bloody crackdown on student-led prodemocracy protestsReuter - 90 words
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464 1989-09-23 12 AFP THE United States and Soviet Union have resumed high-level consultations, agreeing on the need for a superpower summit and prompting hopes for agreement on a wide range of disarmament issues. President George Bush met Soviet Foreign Minister Eduard Shevardnadze forAFP - 464 words
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213 1989-09-23 12 AP *jAPAN is the most profitable Market in the world for many -American and European companies, according to a joint Ameri-can-Japanese survey of businessmen published yesterday. More than half of US and Eu*%>pean businessmen polled said -liat their profits were higher on jaies toAP - 213 words
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343 1989-09-23 12 FRESH SINGAPOREAN graduates who entered the job market last year found the situation rosier than when their counterparts did so the year before. The 1988 NUS and NTI Graduate Employment Survey released eerlier this week also showed that most of the fresh graduates343 words
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Article181 1989-09-23 12 Agencies THOUSANDS of Cambodian troops have been deployed to defend a strategic town against guerilla attack, a top officer said yesterday in describing what could become the first major test for his forces after Vietnam's pledged pullout. Up to 450 Khmer Rouge guerillas aiming toAgencies - 181 words
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402 1989-09-23 12 Bernama MALAYSIA'S Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday his warning on Thursday that the government will not hesitate to act against anyone trying to usurp power through illegal means is not directed only at Sarawak.Bernama - 402 words
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377 1989-09-23 12 HONG LEE TIAM - By HONG LEE TIAM TWO SUBSIDIARIES of the Pernas group of Malaysia are tapping Ms2oo million from the capital market to finance hotel and resort projects. The amount, in the form of two five-year transferable loans, it arranged by OCBC Bank in377 words
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Article68 1989-09-23 12 TWO WEEKS AGO, the trial of the year ended abruptly when Allan Ng shocked the business community by dropping his defence and pleading guilty to an insider trading charge. In a special report to be published this Tuesday, Business Times will take an in-depth look68 words
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Article99 1989-09-23 12 Reuter COMEX gold futures were higher yesterday in brisk early trading that responded to a fluctuating US dollar and an increase in crude oil prices this week. October was US$l.5O higher at U*****.80 an ounce. December gold rose US$2.OO at U*****.30 an ounce. Comex silver futuresReuter - 99 words
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LATE FILE
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Article52 1989-09-23 12 AP PRESIDENT Corazon Aquino placed military units in Manila on indefinite alert after a series of bombings that killed at least two people and injured 14, officials said yesterday. The alert went into effect Thursday five days before US Vice-President Dan Quayle arrives for aAP - 52 words
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Article29 1989-09-23 12 AFP THE Japanese government will lift an effective ban on travel to Beijing from Monday, announced Japan's Foreign Minister Taro Nakayama yesterday. AFPAFP - 29 words
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Article34 1989-09-23 12 NYT WELLS FARGO Co yesterday agreed to purchase the Central Pacific Corp of Bakersfield, Calif and its American National Bank subsidiary for US$l6O million, or $28.50 a share. NYTNYT - 34 words
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Article28 1989-09-23 12 Reuter PROCTER and Gamble Co said it has entered into a definitive agreement to acquire Noxell Corp for about US$l.3 billion in stock. ReuterReuter - 28 words
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Article38 1989-09-23 12 Asahi TWENTY-four Japanese shipbuilders have agreed to scrap a government-ap-proved cartel formed in 1967 to help the industry cope with a worldwide decline in new ship orders, said the Shipbuilders Assocation of Japan (SAJ). AsahiAsahi - 38 words
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Article43 1989-09-23 12 Reuter COLUMBIAN Justice Minister Monica De Greiff, who has become a symbol of courageous defiance in Colombia's battle with drug barons, has resigned a major setback for an anti-narcotics offensive declared by the government last month, said a government official.Reuter - 43 words
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Page 12 Advertisements
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Advertisement94 1989-09-23 12 A special BT supplement FIND OUT in BT's special supplement on the planned office why the blue-sky notion of top managers accessing their corporate database with a few keystrokes is finally possible with Executive Information Systems. Find out also: What one consultant thinks will be the near-term outlook for the94 words
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Advertisement7 1989-09-23 12 Nato presents nsw arms proposals, PAGE 47 words
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Advertisement106 1989-09-23 12 FOR BITS AND BYTES i V 7 Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, the TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is106 words
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Executive Lifestyle
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Article, Illustration937 1989-09-23 13 CHUANG PECK MING - CHUANG PECK MING meets the top man at Herman Miller Inc, one of the fastest-growing office furniture makers in the US which built its reputation on the philosophy that a comfortable derriere makes for a happier worker. CHUANG PECK MING WHEN the name "Herman Miller"Where comfort matters - 937 words
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Article, Illustration715 1989-09-23 13 JAIME LYE - With JAIME LYE I GOT a very important letter the other day. No, it wasn't from an old flame; neither was it from a current flame who decided he preferred being an old flame; heck, it wasn't even from a prospective spark who harboured hopes715 words
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Article281 1989-09-23 13 THE Autumn/Winter collections in the shops these days are not just for display. They really are being snapped up by Singaporeans. And apparently, for the most diverse of reasons. While shopping for a long woollen coat at an Orchard Road boutique, a woman was asked by281 words
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Commentary
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Article, Illustration1021 1989-09-23 14 WALTON MORAIS - WALTON MORAIS RECENT SPATE of news "stories about Singapore's drug .problem has highlighted a dis- dressing statistic. Of those caught last year, 1,214 were new heroin addicts, and, of these, seven out of every 10 were Malays. The remainder of those arrested last year1,021 words
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1181 1989-09-23 14 DAIVD CHEW - DAIVD CHEW KULIM, my hometown, is one of those typical "sleepy hollows" tucked away in the Malaysian state of Kedah, which lies 800 km north of Singapore. With "Big Brother" Penang, the Pearl of the Orient, towering majestically 32 km1,181 words
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Article, Illustration601 1989-09-23 14 ABDUL HADHI - ABDUL HADHI NEVER MIND how neckties should be worn. That is the least of what many consider a knotty problem. Why even wear this pain in the neck which very much resembles a hangman's noose? For the sake of respectability, perhaps?601 words
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193 1989-09-23 14 ROBERT H J DANGERFIELD - letters to the Editor ROBERT H J DANGERFIELD Group PuMlc Relations Trafalgar House pic Dear Sir, I note with interest that Business Times prints the closing stock market prices of most of the stocks in the United Kingdom's top 100193 words
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Article183 1989-09-23 14 K H CHIA - K H CHIA Regional Marketing Manager Sunrise ft Co Pte Ltd Dear Sir, We write to challenge the claim by the president of Wilson's international division, Mr George Napier, that "with a total warehousing space in Singapore of 17,000 sq ft, it (Wilson's) will be the183 words
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180 1989-09-23 14 D W DISTANT - D W DISTANT Dear Sir, The response from the merchant bank handling the current rights issue by Malayan Flour Mills (BT. Sep 16, 1989) prompts a further query. In my earlier letter. I asked why only the rights shares were entitled to the180 words
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100 1989-09-23 14 JOHN M CARTER - JOHN M CARTER Dear Sir, There is a traffic problem at the turning from South Bridge Road into Pickering Street. There is only one left-turn lane which is also a bus lane stretching for a long distance before the turning is100 words
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365 1989-09-23 14 ANTHONY KAN - ANTHONY KAN Dmt Sir, An interesting piece of essay found in the Sep 16 issue of Business Times may seem like helping a rather patient Mr Ong Beng Seng to hasten the realisation of his dream of resurrecting the shambles365 words
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Executive Lifestyle: Pursuits
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Article, Illustration425 1989-09-23 15 SAMUEL EE - EVER THOUGHT OF taking a flying leap? Riding the crest of a cloud and calculating the time it would take to hit that SBS bus along North Bridge Road? Have you ever noticed how, as you're hurtling through space and tree branches, that the concept of countingPhotos by ARTHUR LEE - 425 words
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Article, Illustration840 1989-09-23 16 N K YONG - jg§ mm By N K YONG IT IS STRANGE that port is not particularly popular in Singapore, in view of our colonial heritage, and the fact that Asians take more easily to sweet wine when they first start drinking it. Perhaps the tropical climate discourages840 words
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Article, Illustration920 1989-09-23 19 SANGEETA MULCHAND - PROFILE By SANGEETA MULCHAND THOUGH the Old Country has a clutch of lensmen whose pictures are no strangers to the covers of Time and Life, Raghu Rai, standing at about six feet in his Indian chappals, is some sort of an eminence grise. Mr Rai, so920 words
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Article, Illustration60 1989-09-23 19 FASHION SHORT, SKY HIGH SKIRTS are out. Or so with Lanvin's Autumn/Winter 89/90 Collection, anyway. In another classically-inspired range, day time dressing is taken to an elegantly higher plane. Femininity marks every line of the new fabric choices this fall: stripes, houndstooth and tapestry prints. And the colours60 words
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Article, Illustration100 1989-09-23 19 WORKERS OF THE WORLD, conform if you have to. Wear the same white shirt and insipid tie. But when you're sitting at your desk, they can't see your feet. So if you insist on being quirky, don't just stop at your funny socks. Try on a pair100 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration556 1989-09-23 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG THE SUCCESS OF Lei Garden stirs up the entrepreneurial spirit within us. "Chuck the salary-paid job. Go into your own business. Select one that's a sure winner. Or at least one that runs a lower risk of going wrong." The restaurant business?556 words
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Article, Illustration430 1989-09-23 17 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY AS a non-international bridge player, what will you do if you come across an opponent's opening bid which his partner alerts as a "ferts" bid? During the last few years bids like ferts, the forcing pass, super-tight opening bids, low-level artificial430 words
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Article, Illustration1248 1989-09-23 17 JUANITA SHAKILA - ,|j, .4 oy JUANITA SHAKILA STAGE PERFORMANCES: Artlata Vlllaga: Tha Happening* 11. The Happenings II features some 30 new and recent paintings and six installations. Also, three lunch time programmes featuring music, performance art and poetry. On from Sep 25 to 27. On Sep 25 at Ipm, there is1,248 words
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Article934 1989-09-23 17 RICHARD SEAH - HEALTH By RICHARD SEAH Richard Seah is the editor of The Good Life, a local health magazine LOCALLY PUBLISHED Chinese health cookbooks seem to be in vogue these days. It has been quite a while since the appearance of Terry Tan's pioneer work, Cooking with934 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration659 1989-09-23 18 SAMUEL EE - FORUM By SAMUEL EE WHEN someone contracts Aids, I do you sound the alarm bell or sweep the gory details under the carpet? The public has a right to know. The newspapers have a right to Inform them. But how do you659 words
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Article, Illustration954 1989-09-23 18 HANK WILLIAMS: 40 Orestes! Hits (Potydor) Hank Williams recorded for, only six years, from 1947 to 1963.1 And yet even up to today, he ia revered in Nashville. Williams lived his life the way of his songs. There seemed to be a perpetual gloom hanging over954 words
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Article, Illustration409 1989-09-23 18 SAMUEL EE - THEATRE bf SAMUEL EE HOW VERY thoughtful of Bibi's Theatre Pub to re-introduce long-lost concepts of the Singapore milieu into our jaded westernised lives. How very exciting to be reminded of quaint little terms like "towkay" and "tai-tai". How very clever of playwright Ms Stella409 words
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SHORT TAKES
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Article101 1989-09-23 18 THE National University of Singapore Society is holding its Guild House Day today to celebrate the fifth anniversary of its club facility at Kent Ridge. The highlight of the day is a series of Marilyn Monroe and Charlie Chaplin films to be screened all day long.101 words
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Article127 1989-09-23 18 TALK about early. The Les Must de Cartier boutique at Lucky Plaza was all geared up for Christmas sometime last week. Replete with Christmas tree and other festive adornments, the shop that sells jewelry, pens, watches and leather wallets looked like it was sll set to127 words
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Article67 1989-09-23 18 Uno is now "bilingual". No, not the ill-fated Japanese prime minister. The card game. From now on, Uno cards such as those with the words "Skip", "Reverse" and "Wild Draw Four" will have symbols instead. Waddington's, the creators of the game, must have decided to67 words
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Executive Lifestyle: Personal Investment
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Article, Illustration648 1989-09-23 20 HERMAN PHUA - INVESTMENT STRATEGIES fry HERMAN PHUA BULLS AND BEARS make money but pigs don't That, says Mr Michael Schwartz, senior vice-president of Oppenheimer Co, is a major reason why some investors consistently find themselves in the red. Many investors let their648 words
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Article, Illustration1024 1989-09-23 20 WONG KOK YAP - By WONG KOK YAP Mr Wong Kok Yap is a director, properly management, of Richard Ellis (Pte) Ltd. TENANTS, especially the multinationals, are imposing more exacting demands on the commercial property market. Their expectations are naturally higher as they have enjoyed modern and1,024 words
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549 1989-09-23 20 Reuter MOST PLAYERS are treating Japan's fledgling stock index options market warily, but a few are now experimenting with strategies new to the country. They are increasingly engaging in the "straddle" and "strangle" techniques popular in US options markets, and are artoitraging betweenReuter - 549 words
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Article, Illustration851 1989-09-23 20 Reuter THE TOKYO stock market may be the world's biggest, but when it comes to strategies familiar to Westerners, it's a gawky teenager with growing pains. The days when a tew major players dictated its course with a flood of cashReuter - 851 words
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456 1989-09-23 20 FRAUD NYT TRADERS OF penny stocks are losing an estimated US$2 billion a year through widespread fraud in the market of the low-priced securities, a report issued two weeks ago by a US group of state securities regulators said. The report callsNYT - 456 words
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Don't quote me...
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Article, Illustration146 1989-09-23 21 TAIWANESE MANUFACTURERS are talking with the Malaysian authorities on setting up a school in Malaysia which will only use Chinese as a medium of instruction. Feedback so far indicated that the authorities are quite open to the idea. The school, the Taiwanese version of the American146 words
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Article79 1989-09-23 21 LOOKING FOR A JOB? Try this one. A US-based $100-million-turnover consultancy and conference group is headhunting for a chief for the Far East region via a British firm. Whoever gets the job will be provided with six months' intensive training in the group's business practices, either79 words
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Article71 1989-09-23 21 WE RECEIVED a call enquiring the whereabouts of a former reporter of The Straits Times' Times Dollar section. When the caller was told that this person has gone to "Sassoons". his incredulous reply was: "What, he is working for a hairdressing saloon?" It took a while to71 words
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Article68 1989-09-23 21 GOOD NEWS for Small and Medium Enterprises (SMEs). Small is not only beautiful, it is also more satisfying. This is the conclusion of a study by New York's Fordham University, which shows that people who work in smaller firms are happier in their jobs despite68 words
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Article, Illustration468 1989-09-23 21 C DOW - By C DOW Mr Dow is an investment manager with a major publiclylisted company. This forecast has been made solely on technical grounds and is the personal view of the writer and not to be construed as investment advice. TRADERS, whether from the fundamentalist or468 words
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Article443 1989-09-23 21 Conversion terms Premium/ (discount) using Expiry Amount prices (as at r Optional** Teailnwl Company issued (m units) Wrts Shars Lnstk Conv ratio Exer pries Lnstk Cash Cash 1 Ln stk* Gearing* KM mth> nom »*T III w vsius i mm left 1.00 1.55 100 4.75 1.00443 words
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Article, Illustration842 1989-09-23 21 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN THE STOCKMARKET wu tar from enthusiastic about this week's MS24I million cash call made by Malaysian property group, IQB Corporation. The chagrin is easy to understand. It's only a year since shareholders stumped up M 572.3 million for the last rights842 words
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Article, Illustration307 1989-09-23 21 SAID ABDULLAH - SINGAPORE By SAID ABDULLAH SINGAPORE'S stockmarket may be small compared to the world's big leagues but in terms of its growth over the economy during the past decade, it has outstripped several top-notch performers. According to the latest issue of The Economist,Source: Morgan Stanley Capital International - 307 words
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Article, Illustration112 1989-09-23 21 JAMES SEE - CHARTPOINT By JAMES SEE, director, Kim Eng securities. ON A RELATIVE BASIS, interest In Malaysian stocks appears he gaining momentum. This is particularly evident in the past 50 trading days or so, where momentum Indicators and oscillators in the klse consistently trended higher than112 words
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Article452 1989-09-23 21 INVESTMENT TRUSTS FT TWO NEW investment trusts, both specialising in Far Eastern stocks, are coming to the market. The larger trust is a £100 million fund, being launched by way of an offer for subscription by MIM. Drayton Asia Trust is aiming to raiseFT - 452 words
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Executive Lifestyle: Sports
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Article, Illustration720 1989-09-23 22 ATHLETICS GOLF AP FLORENCE Griffith Joyner. accused by Darretl Robinson of buying growth hormones from him, on Thursday called the sprinter "a compulsive, crazy, lying, lunatic." "I don't do drugs," Griffith Joyner said. "I never have taken any drugs. I don't believe in them.AP - 720 words
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289 1989-09-23 22 AP THE 10th hole at the Brabazon course at The Belfry is a minimonster that served as a turning point in the 1985 Ryder Cup Matches. Captain Ray Floyd and the US team agree it could do so again this weekend as theAP - 289 words
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209 1989-09-23 22 BRAZIL stormed to a three-point lead over Bermuda Bowl defending champions United States on the first day of the world bridge finals in Perth on Thursday. And the Netherlands piled the pressure on the Americans in the women's Venice209 words
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Article, Illustration612 1989-09-23 22 AP THE MIND GAMES are over. It's time for the real games at the Ryder Cup in Sutton Coldfield, England. "All that psychological stuff is finished now," US captain Ray Floyd said. "We are just going to go play golf." FloydAP - 612 words
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Article, Illustration559 1989-09-23 22 JEROME FANDOR - > on TMCK With JEROME FANDOR THE ENDURING success this season has been Teh Choon Beng's ability to keep training winner after winner. In the early season, he trailed Malcolm Thwaites but at this late stage of the championship race Teh is559 words
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195 1989-09-23 22 BOXING AFP NORTH KOREA continued their relentless march towards the medals in the world amateur boxing championships when they took their unbeaten record to six wins in Moscow on Thursday. Light-flyweight Kim Do*-Nam set himself up for a potential showdown against Cuban RogelioAFP - 195 words
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449 1989-09-23 22 MOTOR RACING AFP ALAIN PROST's Monza outburst, when he claimed Honda was giving faster engines to his McLaren team-mate Ayrton Senna, could have opened the way to a third world title for the Frenchman. "The company has promised me the equipmentAFP - 449 words
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213 1989-09-23 22 TENNIS AP TOP-SEEDED Michael Chang won nine straight games and rolled past a nervous Kenny Thorne, 6-1. 6-1, on Thursday In the second round of the Volvo Tennis men's tournament. Thorne won the first game of the match and did not winAP - 213 words
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Executive Jobs
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Article, Illustration298 1989-09-23 23 JAY UM has been promoted to the position of treasury manager of PKbanken International (Asia) Ltd. In his new capacity, he will head the dealing room and be responsible for both the money market and foreign exchange activities of the bank. OHO JIN SENG has been appointed298 words
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847 1989-09-23 23 CHUANG PECK MING - By CHUANG PECK MING THINK the job of a general manager is tough? Maybe it is. Think it is a mystery? Then you are wrong. According to a management guru, the best general managers are those who stick to fundamentals, and847 words
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Article, Illustration724 1989-09-23 23 ZHOU MEI - By ZHOU MEI AT 31, Ong Yong Hwee is all ready to be his own boss, a headhunter, to be exact. A Birmingham-trained mechanical engineer with some seven years of working experience, he feels confident enough to set up his own talent search724 words
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619 1989-09-23 23 TAN KEE WEE - By TAN KEE WEE IN THE CURRENT tight labour market, the image projected by the interviewer and his company to the potential employee is equally important in the recruitment process as the impression made by the candidate. Because, if the potential employees do not like619 words
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Page 13 Advertisements
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Advertisement207 1989-09-23 13 PU NEED A < HOUSING LOAN? g LCall USA from any phone, any day, anytime at 222 5544 or 222 8844 Ladies' 18-Carat gold Saratoga with diamonds. CONCORD. WATCH MAKERS To THE GENTRY. SINCE I 9 O 8 The new Saratoga collection from Concord is perhaps the most remarkable watch207 words
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Page 14 Advertisements
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Advertisement182 1989-09-23 14 WW ■k! :Z£ •t »r y, <8 iy 7 J l¥ Hpm «K V >W( S>-:»'. f m* The legendary Mount Osok is home to some of the healthiest old people. From its natural springs come Sindok Mineral Water. In the tranquil and picturesque region of Mount Osok, Korea, inhabitants182 words
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Advertisement0 1989-09-23 14 "|'=%`=_*?!]*:}(~|@["*%[<>+--,=0 words
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Page 16 Advertisements
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Advertisement839 1989-09-23 16 U%rr tv entertain... U/fcrv tv entertain... Where to entertain... Where to Some like it hot. A i >>■ >*r From September 18 to 30 you can discover the secret cuisine of Xi'an's Master Chefs, direct from the Golden Flower Hotel, Xi an. Tantalisingly spicy dishes served at lunch and dinner839 words
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Advertisement246 1989-09-23 16 LOVE AFFAIR IN GUANGDONG Thirty-three tempting dishes from Guangdong to tantalize your taste buds. Savour the subtle flavour of each, lovingly coaxed out and brought to perfection by our masterchefs. Staged daily at the Pine Court of The Mandarin Singapore. Guangdong Buffet Lunch 1 -30 Sept 89 12 noon 2.30246 words
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Page 17 Advertisements
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Advertisement195 1989-09-23 17 Every Sunday Theme's A Family Feast In The Park. At the Huhcrtus Grill, Sunday brunch is a great outing for the family. A glorious buffet spread it Laid out for both grown ups and children. And to make Mire the kids are truly entertained, there's an exciting Mattel playroom. Sunday195 words
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Page 18 Advertisements
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Advertisement13 1989-09-23 18 sleep///£ with tlxffist. Available now on LP, Cassette and CD. Marketed by PolyGram13 words
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Page 18 Miscellaneous
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Miscellaneous754 1989-09-23 18 iTiWO CRTOiS'VVViO,R D 1 CRYPTIC PUZZLE ACROSS 9 Order that is. in turn, obeyed (5. 4) 10 Co-ruler's better than one? (3. 5) 12 Spluttered. That's the difference (4) 13 Not executed, but ruined (6) 14 He doesn't avail himself of the nurse on getting treatment (3. 4) 15 Not754 words
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Page 21 Advertisements
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Advertisement30 1989-09-23 21 BT welcome# Investment Ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: j The Editor, Personal Investment, Business H Times, 390 Kim Seng Road, S'pore 092330 words
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Page 22 Advertisements
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Advertisement153 1989-09-23 22 ADVENTURE MADE IN SWITZERLAND TIME 55/ m,f§. :t i im FOR *X /'J£ > f A 4 MM aT ■Jft -m I «o Jb TS V; m v <2^* > R J A v A LIFE U Water resistant from 50m to 100 m. t Swiss quartz movement Italian styling.153 words
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Page 23 Advertisements
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Advertisement458 1989-09-23 23 DHL IN DHL turns twenty Around the world DHL Worldwide Express is celebrating its 20th Anniversary this year. DHL was founded in 1969 by three men Dalsey, Hillblom and Lind, who gave their vision and initials to form the company. Since then it has grown to span the world and458 words
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Advertisement395 1989-09-23 23 Executive Recruitment SENIOR CONSULTANT EXECUTIVE SEARCH We are Persona Search, the executive search subsidiary of Japan's number one personnei services company. We are in the process of establishing a branch office in Singapore and now seek to employ a senior Consultant to head up ail operations in Singapore. We need395 words
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Page 23 Miscellaneous
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Page 24 Miscellaneous
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Miscellaneous623 1989-09-23 24 Pilar-Pilar, Today, 4.00pm, SBC 5 To be shown during the fortnightly programme, Sajian Petang, it's a Malay drama about a man who uses his savings to build a house with five decorative pillars to mark his fifth wedding anniversary. Only to run out of funds half-way. Stars Bambang BS and623 words
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Miscellaneous3709 1989-09-23 24 C: Chlnaaa; T: Tamil; M: Malay; r repeat PM Opening and Programme Hiahliahts followed by Life Matters Liver Transplant. This week's programme explores the world of transplants the ethics, costs and promises involved and looks at the life tha can flourish thanks to modern medicine. Bookvisions The Prisoner of Zenda.3,709 words
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Miscellaneous201 1989-09-23 24 Baby Koko, Today. 6.30pm, SBC 5 A look at Baby Koko, a baby chimpanzee who displays the striking similarities between the simians and humans. Tltt Strange New Sdence of ClMOe, Today, 9.30pm. SBC 12 The impossibility of predicting WW aw Goldteg, Tomorrow. 9.30pm, SBC 12 even simple events is caused201 words
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