The Business Times, 24 March 1990
1990-03-24
1
24
https://www.nlb.gov.sg
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The Business Times
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Title Section10 1990-03-24 1 Business Times MCI (P) 170/12/89 Weekend March 24-25 1990 75*10 words
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NEWS & MARKETS SUMMARY
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Article36 1990-03-24 1 WALL STREET stocks gained early yesterday following a rebound in Tokyo from severe losses in the previous session. The Dow was ahead nine at 2705 and gainers led declining issues by about two-to-one.36 words
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Article56 1990-03-24 1 SHARE prices were higher in light trading at midday yesterday, boosted by scattered buying. At 1215 GMT, the Financial Times-Stock Exchange 100-share index was up 16.5 points, or 0.7 per cent, at 2,275.4, above its morning minimum of 2,264.1, but lower than its peak of 2,276.2. Volume amounted56 words
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Article46 1990-03-24 1 LITHUANIA'S new parliament appealed for world support and accused the Kremlin of planning force against its drive to secede from the Soviet Union. An official statement yesterday expressed fears that Soviet leaders were "preparing to use force against the Lithuanian republic and its citizens".46 words
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Article30 1990-03-24 1 ORDERS to US factories for durable goods jumped 3.3 per cent last month after slumping 10.5 per cent in January, the US Commerce Department reported yesterday.30 words
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Article30 1990-03-24 1 AS PART of its diversification into the leisure industry, National Iron and Steel Mills Ltd is investing in a chalet resort project in Batam Page 230 words
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Article23 1990-03-24 1 YEO's reports an 18 per cent drop in profits as new American subisidary Chun King eats into earnings Page 323 words
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Article25 1990-03-24 1 MALAYSIA'S master plan on privatisation has been completed and is awaiting the Cabinet's approval, a seminar was told on Thursday Page 425 words
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Article, Illustration29 1990-03-24 1 Friday Change BT-MGA 787.29 +6.47 Kuala Lumpur .3,075.56 +8.24 Hongkong 2,974.16 +25.49 Tokyo 30,372.16 +528.82 Sydney 1,567.4 +0.2 Thursday Change New York 2,695.72 -32.21 London 2,258.9 +8.629 words
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Article20 1990-03-24 1 Fffffmtf rates USS SSI.8830 Yen (100) SSl.2141 MS SS0.6905 nwrlut rttM Overnight 5 15/16% -7/16 3-month 6 3/8% unch20 words
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Article36 1990-03-24 1 LondM Gold AM fix US$393.60 +USSI.35 RUMmt S'pore April. l55.25*/kg -0.25 VTjia April... 227.50 /kg -0.50 KL Tin Turnover 149tonnes +47 Spot MS 17.14/kg +0.13 Crude palm oil Turnover 291 lots -275 April M$700/tonne +636 words
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424 1990-03-24 1 William Chia - By William Chia THE JURONG Town Corporation (JTC) has for the first time sold a flatted factory block to one of its tenants, setting a precedent for the tenants of its 65 other such buildings with a total lettable area of around424 words
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Article, Illustration192 1990-03-24 1 Reuter JOSEPH HAZELWOOD, the captain of the Exxon Corp's supertanker which caused the worst oil spill in US history, was found not guilty on Thursday on three of the four charges against him. Hazelwood, 43, was the only individual facing criminal charges in connectionReuter - 192 words
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313 1990-03-24 1 Agencies JAPANESE Finance Minister Ryutaro Hashimoto said in Tokyo yesterday that he would seek US cooperation on exchange rate stability in his meeting with US Treasury Secretary Nicholas Brady in Los Angeles later in the day. Speaking at a regular pressAgencies - 313 words
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Article165 1990-03-24 1 AT LEAST six people working in Raffles Place have contracted strains of typhoid fever in the past few weeks, sparking concern that there may be an outbreak of the disease. The people known to be affected so far are either stockbrokers or lawyers working in165 words
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340 1990-03-24 1 Lilian Ang - By Lilian Ang THE GOVERNMENT is to sell four sites for new hotels this year to relieve the severe shortage of rooms in Singapore caused by the current tourism boom. In addition, the Singapore Tourist Promotion Board (STPB) will publish quarterly reports340 words
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210 1990-03-24 1 BANK NEGARA was present in the money market yesterday for the second successive day to push up interest rates as part of efforts to support the ringgit. The ringgit managed to struggle out of its nine-month low of 2.7300/10 on Thursday to210 words
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Page 1 Advertisements
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Advertisement105 1990-03-24 1 Nikon Th»*brid'«FtoMt Photographic System. COVER Don't leave your senses without it EL 1 R II f I ft Vi~r~ JTST sT.riSv; r Aircraft Schedule EL 11 Commotes Crypbc Crossword tL Futures I Options 0 Interbank Fore* Rates 10 Home News 7 Money Changer Rates EL 11 Money Market 10 feponal105 words
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Advertisement11 1990-03-24 1 OPINIONS A question of survival? Surprises businessmen don't need. EL 211 words
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Advertisement11 1990-03-24 1 PURSUITS Film Fest's tiny gems. Raffles Marina offers discounts. EL 311 words
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Advertisement182 1990-03-24 1 Nikon The Wbrid*t FlnMt Photographic System REVIEWS Hollywood lesson EL 6 FINANCE Cibinong: concrete but not invulnerable. EL 9 Aussie set to drop. EL 10 JOBS The making of a smart resume. The exec car who's driving what. EL 8 As sooti as you selves us connoisseurs, enter The Hour182 words
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HOME NEWS
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NEW ROUNDUP
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71 1990-03-24 2 THE RISING cost of doing business, and domestic inflation, were among the main issues raised at the start of the debate on the Ministry of Trade and Industry's Budget allocation. Assurance was sought that inflation, reflected in a climbing Consumer Price Index, is rigorously71 words
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Article55 1990-03-24 2 THE SKILLS Development Fund could be extended to the training of unemployed, unskilled workers, suggested Bukit Timah MP Wang Kai Yuen yesterday. Employers may be more inclined to hire and train such workers if they could offset part of the training costs in the first55 words
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Article66 1990-03-24 2 THE PRIVATE sector could play a bigger role in promoting sports, said Minister of State for Community Development Seet Ai Mee, urging all commercial bodies to lend a hand in the promotion. For the 1990 financial year, commercial sponsorships of nine Singapore Sports Council training schemes66 words
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Article94 1990-03-24 2 EXCEPT FOR the absence of a golf course and a swimming pool, most of the 75 new community centres are comparable with country clubs, said Mr Lee Yock Suan, speaking in his capacity as deputy chairman of the People's Association. Most CCs have more activities94 words
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Article72 1990-03-24 2 TWENTY-TWO companies are taking part in the first diploma course offered by the Export Institute of Singapore, which was inaugurated yesterday by Trade Development Board chairman, Mr Alan Yeo. He said the Institute will offer its services to all companies, big and small. Its aim is72 words
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Article62 1990-03-24 2 A NEW PUBLICATION, Focus on Property in Singapore, has been produced by the National University of Singapore's School of Building Estate Management. The inaugural issue includes articles on the activities and trends of the residential, office, retail, industrial and hotel sectors of the market; reviews of62 words
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Article59 1990-03-24 2 SOME 2,700 reservists took part in the Singapore Armed Forces' first silent mobilisation exercise held during office hours on Thursday. Some 97 per cent of the reservists activated reported within eight hours at the mobilisation centre. The exercise was to test the SAPs silent59 words
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381 1990-03-24 2 Yong Pow Ang - By Yong Pow Ang AS PART OF ITS diversification into the leisure industry, National Iron and Steel Mills Ltd is investing in a chalet resort project in Batam. Announcing this yesterday, NISM's managing director Ang Kong Hua said the total investment for the381 words
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403 1990-03-24 2 Walton Morais - By Walton Morais THE Government has given added financial muscle and an expanded role to the Gintic Institute of CIM to help equip Singapore businesses with leading-edge, computerintegrated manufacturing technology. Among the highlights of Gintic's new five-year programme are: expanded budget of $50 million, up403 words
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Article126 1990-03-24 2 COMPANIES of the Singapore Technologies group have positioned themselves for a better-than-average shot at winning the tender for the electronic road pricing system (ERP). In the list of eight prospective joint-venture companies that have been short-listed in a pre-qualifi-cation exercise, Singapore Technologies companies are present in three.126 words
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Article, Illustration298 1990-03-24 2 TWO local entrepreneurs whose companies have hit the globalisation trail were named inaugural winners of the Endec Entrepreneurship Excellence Awards. Peter 800, managing director of Sesdaq-listed Material Handling Engineering, and Doreen Liu, the boss of World Scientific Publishing, received the Entrepreneurship Development Centre298 words
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SHIPS IN PORT
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Article1611 1990-03-24 2 AT CONVENTIONAL WHARVES Vmm4 VoyNo Barth Arrival Dapartura Kappal Wharvaa Awm 9002 K34 oiongjida 2603/ 2300 EsFuii 137 KI9 oio«g».d« 2503/ 0600 G Wonder I/TO K29 olongjida 24.0(3/0600 Koto Akbor E &4I K3I okx»gi>d« 24.03/ 0600 Ko»o Bakti WS88 K32 alongside 2503/ 1500 Kola Bar lion 14/90 K28 alongjx*1,611 words
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Article244 1990-03-24 2 Port Klang South Port Kyoei Maru No 1 berth 2; Agamemnon SB berth 3; Million No 3 berth 4; Swee Long Satu berth 7A KCT: Swadaya berth 8; Ever Qiantic berth 9; Uni Master berth 9; Benalder berth 10 North Port Shikishima Maru 17 berth 15; Asian Star berth244 words
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Page 2 Advertisements
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Advertisement97 1990-03-24 2 Discounts on Raffles Marina membership fees, EL 3 Contact telephone numbers (Tanjong Pagar Terminal) Section 1 Section 2 Section 3 Berth telephone Berth telephone Berth telephone C 1—*****20/*****92 C 4 *****24 C 8 *****63 CIN —*****20 C 5 *****43/*****45 C 9 *****84 CIS —*****92 CSN —*****43 CIO *****70 C 297 words
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COMPANY NEWS
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Article, Illustration547 1990-03-24 3 Other Indices Close Previous Net change Mar 23 Mar 22 BT Composite 1368.24 1355.33 +12.91 BT-MGA 787.29 780.82 +6.47 ST Industrials 1585.42 1569.91 +15.51 BT OB/OS -44 -94 +50 BT CADI -5375 -5422 +47 BT 10-day MA -5393 -5389 -4 BTOBV +*****08 +*****49 +***** ST Finance 2625.31 2613.91547 words
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263 1990-03-24 3 PROPERTY-BASED First Capital Corp has managed an impressive turnaround with a group after-tax profit of $6.85 million for the half year ended Dec 31, 1989. This figure compares with a loss of $2.18 million for the previous corresponding period. The change from loss to profit263 words
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570 1990-03-24 3 Andrea Borch - By Andrea Borch COSTS TIED to buying Chun King and lower-than-expected subsidiary results depressed Yeo Hiap Seng Ltd's profit before extraordinary items by 18.7 per cent to >7.64 million for the year ended Dec 31. The food and beverage570 words
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Article59 1990-03-24 3 Berama CENTRAL Industrial Corporation Bhd's (CICB) entire issued and paid-up share capital of 10.20 million ordinary shares of Msl.oo each will be listed on the second board of the KLSE next Wednesday. The exchange said yesterday that 7.88 million of the 10.20 million shares were not to beBerama - 59 words
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228 1990-03-24 3 MBT MALAYAN United Industries' (MUI) acquisition of 30.707 million shares of 50 sen each representing a 12.74 per cent stake in IGB Corporation is to enable the MUI group to broaden its earnings base, and for diversification by taking up a strategic stakeMBT - 228 words
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437 1990-03-24 3 Elaine Koh - THE HOCK LOCK SIEW COLUMN By Elaine Koh ONE MONTH after it was threatened with the loss of its Langkawi project, Promet Bhd is still waiting for word from the Kedah authorities about the future of its investment. Right now, though, business437 words
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337 1990-03-24 3 Abdul Hadhi - By Abdul Hadhi HOARE GOVETT Summit Securities yesterday confirmed an earlier BT story that their joint venture was to break up by mid-year. In an announcement yesterday, the stockbroking firm, the first tie-up between a local and foreign broker in the local stock exchange's337 words
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142 1990-03-24 3 Bernama SOUTHERN BANK Bhd has announced a jump in group after-tax profit of 48 per cent to M 526.03 million for calendar 1989 from M$ 17.63 million previously. At the bank level, the increase was only 6 per cent; from M$ 19.55 million to MBernama - 142 words
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314 1990-03-24 3 AFTER turning in a better-than-expected performance last year, Sembawang Maritime Ltd is gearing up to make a major acquisition in the Gulf to boost its offshore and shiprepair business. Despite the slack in salvage business since the cease- fire in the Middle East, SML posted314 words
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Page 3 Advertisements
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Advertisement295 1990-03-24 3 ijC I W Malaysian Tobacco Company Berhad I I NOTICE OF MEETING I I NOTICE is hereby given that the THIRTY-THIRD ANNUAL GENERAL 1 I MEETING of Malays*an Tobacco Company Berhad will be held at the I Ballroom. Hotel Equatorial, Jalan Sultan Ismail. Kuala Lumpur on I Wednesday. 2nd May295 words
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THE WORLD
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WORLD WATCH
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123 1990-03-24 4 AFP TOTAL INVESTMENTS in the Philippines for the first two months of the year barely missed matching year-ago levels, indicating that a bloody coup attempt in December had minimal effect on business, a government official said on Thursday. Investments for January to FebruaryAFP - 123 words
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Article101 1990-03-24 4 AP BRITISH PRIME MINISTER Margaret Thatcher's candidate was trounced yesterday in a by-election in Mid-Staffordshire, losing the Conservative Party stronghold to an opposition socialist in a huge 21 per cent swing against the government. The result marked the Conservatives' worst rout in a by-elec-tion in half aAP - 101 words
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Article98 1990-03-24 4 Reuter PRIME MINISTER Brian Mulroney, saying Canada had reached a critical juncture, called for compromise on Thursday to head off the threat of Quebec separating over an argument to amend the constitution. "We are at a critical juncture in our history," Mr Mulroney said in a rareReuter - 98 words
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Article77 1990-03-24 4 AP INDIA SUPPORTS China's entiy into the General Agreement on Tariffs and Trade, Indian Foreign Minister Inder Kumar Gujral told his Chinese counterpart on Thursday. "As a member we attach a great deal of importance to cooperation with China in multilateral economic matters," Mr GujralAP - 77 words
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Article70 1990-03-24 4 Bernama AT LEAST 15 million people in Indonesia are still illiterate with the majority of them above 45 years old, according to a minister. Culture and Education Minister Fuad Hassan said the government had identified this group as the target in overcoming illiteracy problems in the nextBernama - 70 words
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Article63 1990-03-24 4 Reuter JAPAN and Britain failed to reach agreement on increasing commercial flights between Tokyo and London over Siberia after three days of talks, a Transport Ministry official said on Friday. "The talks failed mainly because of lack of capacity at (Tokyo's) Narita International Airport, but thereReuter - 63 words
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Article69 1990-03-24 4 AFP JAPAN HAS LODGED a protest with Seoul over the alleged sabotage by three South Korean patrol boats of a Japanese inspection in national waters of a South Korean fishing boat, the Maritime Safety Agency said on Friday. The agency said in a statement that the protestAFP - 69 words
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205 1990-03-24 4 Bernama MALAYSIA'S wholsesale and retail trade will experience dramatic changes in the way it conducts its business as a result of changing trends in the distribution industry in the Nineties, according to the secretary-general of the National Chamber of Commerce and Industry. Datuk MohammadBernama - 205 words
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370 1990-03-24 4 Bernama MALAYSIA'S master plan on privatisation has been completed and is awaiting the cabinet's approval, a seminar was told on Thursday. A lawyer, Mr Chew Seng Kok, from the law firm of Baker and Mckenzie in Singapore, said the master plan was expected toBernama - 370 words
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Article249 1990-03-24 4 Bernama THE PRIVATISATION of public enterprises must involve both productive efficiency, which means minimising the costs of production, and allocative efficiency, whereby the product has to be marketed to the consumer at the lowest cost through competitive means, Professor Fong Chan Onn of Universiti Malaya saidBernama - 249 words
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Article, Illustration50 1990-03-24 4 KING CARL XVI Gustaf of Sweden (left) listening to Sony Corporation chairman Akio Morita at Sony headquarters in Tokyo on Thursday. The King, on his fifth visit to Japan since 1970, was scheduled to meet the Japanese Emperor and Empress yesterday. AFP Photo AFP PhotoAFP Photo - 50 words
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395 1990-03-24 4 AFP EAST GERMANY should enter the EC at the same time that it becomes part of a unified Germany, around the end of 1992, the vice-presi-dent of the European Commission, Martin Bangemann, said on Thursday. The proposal from Mr Bangemann, a WestAFP - 395 words
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Article349 1990-03-24 4 AFP SEVERAL European MPs on Thursday urged the EC not to reach an agreement with the European Free Trade Association (Efta) which would give it the right of veto over EC decisions. The European Community is due to begin talks this year with the six-member EftaAFP - 349 words
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Article397 1990-03-24 4 Reuter EXPATRIATE Chinese businessmen owe part of their entrepreneurial zest to an inbred insecurity which drives them to accumulate wealth, according to a new book. Hongkong University Professor Gordon Redding says a complex interplay of forces shapes the Chinese business mind, but these forces are stifledReuter - 397 words
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370 1990-03-24 4 AFP FRANCE has agreed in principle to set up a jointlyowned arms factory in Thailand, the official Thai News Agency (TNA) said in Bangkok yesterday. TNA cited Thai Foreign Ministry spokesman Surapong Jayanama as saying visiting French Secretary of State for DefenseAFP - 370 words
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Page 4 Advertisements
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Advertisement115 1990-03-24 4 Hp Savour Spring's HIM Finer Moments ESI With Spring comes the delicacies of the season. The choicest seafood and the freshest vegetables. Now served to perfection at the Senbazuru. HDifiiilfifiiiH Pick from a menu created to tantalise Assorted Shellfish, Shirauo, Simmered Octopus, Tempura with Wild Vegetables and more. All available115 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4084 1990-03-24 5 Lim Mui Khi - By Lim Mui Khi INVESTORS remained largely sidelined yesterday in spite of a firmer close in Tokyo. However, selective bargain hunting in some index-linked counters pushed the indices sharply higher. The Straits Times Industrials Index opened firmer but most of the impetus came in4,084 words
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STOCK EXCHANGE OF SINGAPORE 2
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3688 1990-03-24 6 Lim Mui Khi - By Lim Mui Khi SHARES on Gob International benefited from the Tokyo market's rebound yesterday and closed firmer. But the market was still quiet, with turnover falling to 37.60 million units with a value of $64.71 million after rising to 40.52 million units worth3,688 words
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910 1990-03-24 6 C ompany Kxptry/ Coupon Conversion period Interest Conversion term for one ordinary maturity payable share toe tmmm Ij— 1994 Dec 31 Cauumy M 1994 Oct 2, 1989 to Oct 20. 1994 1 warrant plus $1 cash or 1 warrant plus {1 nominal amount ol910 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3340 1990-03-24 7 Bernama THE Kuala Lumpur stock exchange (KLSE) strengthened mildly before the close yesterday, with prices finishing mixed to steadier in thin trading. The 30-counter New Straits Times Industrial Ordinary Share Index rose 8.24 points to close at 3,075.56. It closed 10.88 points down to 3,067.32 onBernama - 3,340 words
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BT SHARE INFORMATION SERVICE
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Article590 1990-03-24 7 Singapore Stocks L**t Full Year Company Period Date Year Net EPS Grow Net arraixed endhf (cents) J* profit last year (WOO) BMT Interim Jan 27 Jun 90 169 6 100 0 516 beta Final Feb 28 Nov 89 391 10.0 11.728 Town I City Final Mar 3 Dec590 words
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Article731 1990-03-24 7 Current Ex Books Date Total tor Total tor payment data dose payable the year last year beat Find USlOC(b) Mar 7 «*ar 19 Mar 26 US10C A mo 15%Tl Feb 28 Mar 12 May 15 25%TE 25%Tl BAT 909%(n) Apr 6 Apr 19 May 3 122 7%(n) 72%731 words
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Article321 1990-03-24 7 Company Rights Issue MM One-tor tour fe MJ2 40 per share b<Me Mar 8 Books dose Mar 22 Acceptance t Payment NY* CiC Two-tor five 6 $210 per share Three warrants tor every 10 existing shares held at $0 48 per warrant b-date Feb 7 Books close Feb321 words
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Article309 1990-03-24 7 Company Rights Issue Pjnfr One-tor one SI 85 per shaft a HaUh 1 -Issue of 27m loan stocks n the ratio of $3 loan stock to every five ordrary shares held. FMg One-to-one fe MSO 60 per share Faber M«ta One-to-one MSO 25 per share, Mowed by a309 words
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REGIONAL STOCK MARKETS
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Tokyo stocks close higher on late burst of buying
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Article901 1990-03-24 8 HONGKONG share prices yesterday closed higher in heavy trading on bullish sentiment encouraged by a string of good corporate results and Hongkong's resilience to volatility in Tokyo stocks. The Hang Seng Index rose 25.49 points to close at 2,974.16. Turnover totalled HK$ 1.657 billion, up from Thursday's HK$ 1.468901 words
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Article787 1990-03-24 8 TOKYO share prices fought off the influence of the weak yen and closed higher on a late-afternoon burst of buying yesterday. New investment trust funds poured cash into stocks toward the end of the day and some buy programs also helped buoy the cash indices. High-technology issues fuelled the787 words
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Article453 1990-03-24 8 AUSTRALIA'S sharemarket drifted up slightly in afternoon trading to finish barely steady after an extremely lacklustre day in the lead-up to today's federal election. The All Ordinaries Index ended 0.2 point higher at 1,567.4. "The market held up quite well, ignoring Wall Street's fall which was in reaction to453 words
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Article380 1990-03-24 8 TAIWAN STOCKS fell sharply as big players began to pull out of the market, stimulating small investors to sell late in the day. The Weighted Index was down 349.86 points, or 3.2 per cent, to end at 10,628.29. Turnover fell to NTS 113.6 billion from NTS 127 billion on380 words
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Article250 1990-03-24 8 SEOUL stocks eased for the third straight session as investors stayed on the sidelines and waited for the new cabinet to map out concrete economic policies. The Composite Index closed at 841.79, down 4.17 points from the previous session. Turnover was a moderate 213.5 billion won compared with 256.3250 words
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Article83 1990-03-24 8 NEW ZEALAND shares traded at their lowest point in two years in quiet trade. The Barclays Index was estimated to have closed at 1,718.53, down 7.77 points. Its post-1987 crash record low was 1,625.77 on February 29, 1988. "It's holding up quite well, under the circumstances." He expected83 words
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Article245 1990-03-24 8 THAI STOCKS ended higher with gains centred on the cement and finance sectors, and brokers said the rise could signal the start of a fresh bull run. The official SET Index gained 6.63 points to close at 803.13. Gains outnumbered losses 102 to 21. Most active were CMIC, General245 words
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Article60 1990-03-24 8 JAKARTA stocks ended higher with the index rising 3.05 points to 591.85 in fairly active half-day trade with turnover rising to 1.85 million shares from Thursday's 1.74 million, the exchange said. Sentiment was bullish on industrials, bringing the Jardine Fleming Nusantara Industrial Index up slightly to 144.39 from Thursday's60 words
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Article111 1990-03-24 8 PHILIPPINE share prices fell on prof-it-taking and the market closed before investors could react to the afternoon rebound in the Nikkei. Firmer Tokyo prices could have encouraged local buying, brokers said, blaming Thursday's price falls on a weak Japan market. Reaction to impending oil price increases also weighed on111 words
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Article207 1990-03-24 8 Hongkong Sino Land 0.47 -0.003 0 48 0.465 ***** San Miguel 4.15 +0.025 4.175 4.125 221 Shaw Brothers 3.85 +0.025 3.875 3.825 204 Summa Promet 0.148 unch 0.149 0.146 6380 Sino Realty 0.44 -0.005 0.45 0.44 7462 Sing Tao 2.075 -0.025 2.10 2.075 370 Stelux 3.075 +0.05 3.10 3.025 2115207 words
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Page 8 Advertisements
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Advertisement133 1990-03-24 8 EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but whtn we don't, you'll know you'll alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take shots in the dark. Pick133 words
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Advertisement9 1990-03-24 8 The Bombay report was not available at press time.9 words
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WORLD STOCK MARKETS
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Dow Jones index suffers worst decline in a month
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Article, Illustration951 1990-03-24 9 JITTERS over the Japanese stock market's pervasive losses sent US stock investors scurrying to take profits on Thursday. US blue chips posted their worst decline in a month, a slide intensified by repeated spates of program selling Wall Street's fragile confidence was bruised further when two major brokerage951 words
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Article, Illustration783 1990-03-24 9 LONDON share prices were higher in light trading at midday yesterday, boosted by scattered buying The market was somewhat wary, however, after the Labour Party's victory over the Conservative Party in a parliamentary by-elec-tion in central England on Thursday. "We came in very cautious on the political situation," one783 words
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Article167 1990-03-24 9 WEST GERMAN shares closed firmer in low volume trade yesterday, almost reversing the one per cent loss recorded in Thursday's trading session. Dealers predicted that prices would continue to edge higher next week, providing the market was not depressed by any unexpected bad news. The caution in Friday's trade167 words
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Article123 1990-03-24 9 MILAN share prices slipped at the opening yesterday as Thursday's profit taking continued to spread throughout most sectors in light volume. The MIB Index was down 1.3 per cent at 1030 GMT. Brokers said Wall Street's fall and Tokyo's recovery had little impact on the market. Milan Mar 22123 words
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Article198 1990-03-24 9 DUTCH STOCKS were mostly up in quiet early afternoon trade yesterday backed by Friday's higher bond market and slipping money market rates, traders said. At 1230 GMT the CBS all- share index was up 0.4 points at 114.4 Other markets in Europe, South Africa and Canada Amsterdam Mar 22198 words
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Article108 1990-03-24 9 PARIS French share prices were broadly higher at midsession yesterday, but volume on the first day of the new bourse account was low as investors remained uncertain about the outlook for interest rates. At 1225 GMT, the CAC-40 Index was 19.94 points higher at 1,934.05. Paris Mar 22 F™n«108 words
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Article233 1990-03-24 9 SWISS share prices extended early losses in lacklustre midsession business yesterday, depressed by the overnight fall on Wall Street and the uncertainty over the direction of interest rates. The all-share SPI Index fell 9.9 points to 1,074.6, and the SMI Index of leading shares 17.6 points to 1,633.8. Zurich233 words
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Article469 1990-03-24 9 Brussels Mar 22 Franc* FORWARD MARKET Acec 4900 -70 Arbed 5260 +10 Astur 1468 +18 Brascan 736 -6 Canpac Cock 208 -6 Dc Beers 774 -12 Ebes. 4240 -30 Gb-lnno-Bm 1214 unch Gevaert 8550 -210 Gr Bru Lamb 4000 -10 Hobok Petro ***** -25 Ryl Dutch 2655 -25 Sidro. '750469 words
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Page 9 Advertisements
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Advertisement57 1990-03-24 9 M Off J^" r> i MB JrV #T»i $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS Singapore, Hongkong as region's stockmarkets? Special report: Japan's yen for Singapore The big business of celebrating Pick of the region's quality stocks Simex's agenda for the 1990s Cruises for everyone Investment spotlight on Polytek Wearnes,57 words
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Advertisement389 1990-03-24 9 Fire Protection contracting is one of the fastest growing business segments in the US, expected to I grow nearly 20% a year. A rapidly expanding and very reputable FIRE I PROTECTION CONTRACTOR, with over USS2S I million of contracts pending, is seeking reliable investor to take significant equity position with389 words
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CURRENCY, MONEY & FUTURES MARKETS
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1186 1990-03-24 10 FOREX MARKET REPORTS A MEETING between Japanese Finance Minister Ryutaro Hashimoto and US Treasury Secretary Nicholas Brady, which was scheduled to take place last night, kept most dealers on their toes yesterday. Dealers said the US may try to stem a sharp US dollar1,186 words
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Article395 1990-03-24 10 Crass rates Mar 23 US$ SS MS Dm Yen SFr AS NZS USS 1.8830 2.7295 1.7045 154.95 0.6248 1.5130 1.3316 1.7197 SS 0.5311 1.4495 0.9052 0.8229 0.3318 0.8035 0.7071 0.9133 MS 0.3664 68.99 0.6245 0.5677 0.2289 0.5543 0.4878 0.6300 Dm 0.5867 1.1047 1.6013 90.91 0.3666 0.8877 0.7812395 words
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Article563 1990-03-24 10 Interbank rates S$ Bid Offer Overnight 5 15/16 6 1/16 1-month 6 5/16 6 7/16 2-month 6 3/8 6 1/2 3-monmth 6 3/8 6 1/2 Overnight mode: 6-7/16 US$ Bid Offer 7 days 8 7/16 8 9/16 1 month 8 5/16 8 7/16 2 months 8 3/8 8563 words
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350 1990-03-24 10 Reuter NEWS of a higher than expected UK trade deficit in February ensures that the pound's bearish tack will continue, but there will be further consolidation of its recent decline before key support is broken, dealers said. "Sterling is finding a bit ofReuter - 350 words
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Article1403 1990-03-24 10 SIMEX EUROOOUJUI Open High Low Sett Est Vol Op/Int Vol Jun 90 91.34 91.36 91.34 91.35 5486 ***** 7723 Sep 90 91.23 91.27 91.23 91.27 1394 4602 1593 Dec 90 91.07 91.11 91.07 91.10 445 2641 524 Mar 91 91.05 91.05 91.05 91.05 3 298 21,403 words
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COMMODITIES
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378 1990-03-24 11 Bernama THE THRESHOLD price for crude palm oil (CPO) exports has been raised to Ms6so per tonne with immediate effect from Mssoo per tonne previously. Primary Industries Minister Datuk Sen Dr Lim Keng Yaik said in Kuala Lumpur yesterday. The increase in theBernama - 378 words
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240 1990-03-24 11 AFP OPEC is likely to raise its output ceiling in the second half of 1990 from the present 22 million barrels per day in response to rising demand, Indonesia's Mines and Energy Minister said in Jakarta on Thursday. Ginanjar Kartasasmita said demand for OpecAFP - 240 words
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Article122 1990-03-24 11 AFP THE United States and the Soviet Union have concluded a new long-term grain agreement. In a joint announcement on Thursday, Agriculture Secretary Clayton Yeutter and US trade representative Carla Hills said the tentative five-year agreement was reached during negotiations in Vienna. The current pact, inAFP - 122 words
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813 1990-03-24 11 REPORTS TIN prices on the Kuala Lumpur Tin Market (KLTM) closed another 13 cents higher at 17.14 ringgit a kg on further shortcovering activity from European and local operators, dealers said. A firmer London Metal Exchange overnight attracted strong demand,813 words
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Article1339 1990-03-24 11 Rubber Mar 23 Scenu/kg Noon Close Int 1 RSS Prompt I52.2V153.25N I52.2VI53.25 Int 1 RSS Apr 90 I55.2VI55.75 I55.2VI55.75 Int I RSS May 157.50/158.00 157.50/158.00 Int 2 RSS OP 151.00/I53.00N 151 00/I53.00N Int 3 RSS OP 145.50/147.50N 145.50/I47.50N Int 4 RSS OP I4I.50/I43.50N I4I.50/I43.50N Int 5 RSS OP 137.00/139.00N1,339 words
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Page 11 Advertisements
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Advertisement15 1990-03-24 11 Read Chartpoint, a guide to investing in the stoek market. Every Saturday in Business Times.15 words
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Advertisement418 1990-03-24 11 NOTICES DOLLAR CREDIT PTE LTD (1 mammo**** FINAL MEETING NOTICE 18 HEREBY GIVEN THAT the Final Meeting of the Members of the abovenamed Company will be held at 140 Cecil Street #16-03 PIL Building Singapore 0100 on the 24th day of April 1900 at 11:00 a.m. for the purposes stated418 words
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Advertisement340 1990-03-24 11 In the mailer of THE COMPANIES ACT, CAP. 5# and In Ihe mailer of NAM HUONG DISTRIBUTION TRADING PTE I.TD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of die Members of the abovenamed Company duly convened and held at SI Anaon Road. #02-57 A #02-39 Anaon Centre, Singaporeo2o7,340 words
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Article, Illustration430 1990-03-24 12 Asad Latif - By Asad Latif NO PLACE in Asia currently is a viable alternative to Hongkong except in a few niche businesses, because no Asian government is ready to give up the economic control that is required to create another Hongkong, Political and Economic430 words
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304 1990-03-24 12 AP Bernama JAPAN signed an agreement yesterday for its largest loan ever to Malaysia at the lowest-ever interest rate, officials said. Japanese Ambassador Noboru Nakahira and Malaysian Secretary-General of the Treasury Tan Sri Zain Azrai signed the agreement for a 61.3AP; Bernama - 304 words
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154 1990-03-24 12 Reuter TAIWAN'S Cabinet has approved relaxing curbs on foreign bank operations and a senior Finance Ministry official said the new rules would be implemented soon. Under the rules, Taiwan will allow three foreign banks to set up branches a year, rather than two; and allow banksReuter - 154 words
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290 1990-03-24 12 Harish Mehta - By Harish Mehta JAPAN WILL have no truck with the Soviet Union on economic joint ventures to develop the backward areas of the Soviet-occupied Kurile islands and Siberia unless the Kuriles are returned to Tokyo, a Japanese defence official said yesterday.290 words
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325 1990-03-24 12 Martin Soong - By Martin Soong in Kuala Lumpur THE Soviet Union is converting up to 60 per cent of its military-industrial capacity for civilian production, according to a Russian academic from the Moscow Institute of Oriental Studies. Reviewing Soviet defence strategy for the Asia-Pacific325 words
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161 1990-03-24 12 MALAYSIAN Air Force Chief Lt-Gen Datuk Mohamed Yunus Haji Tasi says the service is not interested in propeller-driven Pucara counter-insurgency aircraft that Argentina is offering as part of a counter-trade proposal to buy 35 mothballed RMAF Skvhawk fighters. However, commenting on press reports161 words
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Page 12 Advertisements
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Advertisement19 1990-03-24 12 Tasty Teochew at Chao Zhou •|a A Pferra* OUO ZHOU RESTAURANT e Building M Shenlon Way Tel 225 635519 words
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Advertisement338 1990-03-24 12 Fresh delights at Kampachi Hfc.TIKAMPACWf |.l|bM«v K<<4JIX4I< Level 6 UIC Building Shenlon Way Tel" 222 4615 I a I Bullion Park offers Hawaiian-style landscaping, fountains, lagoon, ~Mi?l 11 I footbridge, a magnificent gateway, country club facilities, breathtaking j£g?% II I reservoir scenery and close proximity to Yio Chu Kang MRT338 words
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Executive Lifestyle
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STRAWS IN THE WIND
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Article61 1990-03-24 13 SOME BUILDINGS have fire escapes designed for escaping fires. One cinema in the Orchard Road area seems to think they're meant to keep people in, not help them get out. One movieviewer found himself struggling vainly against the doors after one of the screenings. Good thing he61 words
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Article80 1990-03-24 13 SPOTTED at a current hotspot: disco dancers boogieing with their handphones. Are they waiting for an urgent call, or afraid of leaving them on the table in case they get stolen? On the other hand, that Nokia-lookalike might not necessarily be a handphone in the first place. Bopping80 words
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Article96 1990-03-24 13 WELL, if not the baby, how about your lap then? That would seem to be one waitress' reply, if she'd thought about it. Serving steamboat at one leading hotel to a table of patrons with a baby, she placed the boiling soup tureen next to the infant. When96 words
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Article, Illustration1076 1990-03-24 13 A Surendren - You've got it made. A BMW, a district 9 condo, golf on Wednesday... what more can you ask for? How about some stress? A Surendren reports on the ultimate executive perk. A Surendren GONE are the days when you were deemed a mental case1,076 words
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OPINIONS
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371 1990-03-24 14 Keith R Watts - LETTERS TO THE EDITOR Keith R Watts General Manager, John Lysaght (S E A) YOUR ARTICLE "Time to stop living off the sheep's back" (BT. March 14) by Florence Chong was, in the space available, a fairly good summary of Australia's current situation.371 words
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Article177 1990-03-24 14 Maria Choy - Maria Choy for Permanent Secretary (Communications), Ministry of Communications Information WE THANK Charles Stephan for his letter "The plight of commercial vehicles under the quota system" (BT, March 15). Mr Stephan listed road networks, highways, freeways and expressways as part of the ingredients of Singapore's lowcost177 words
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Article67 1990-03-24 14 Rolf Rebstock - Rolf Rebstock I READ in your papers that within the next five years, about 3,000 of NTUC Comfort's 6,500 taxis are expected to carry taxi-top advertisements. If so, I am afraid we may have 3,000 potential taxi-top missiles, which could hurt people and damage other cars67 words
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764 1990-03-24 14 Anna Teo - The success of the Strategic Economic Plan depends on some very honest answers, says Anna Teo Anna Teo Anna Teo is a reporter on the Political and Economics Desk. WHAT WAS your company's export sales last year? Five years ago? Which are your764 words
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Article, Illustration724 1990-03-24 14 Shoeb Kagda - Timing important announcements around Budget time will leave businessmen more room for precision planning, Shoeb Kagda believes Shoeb Kagda Shoeb Kagda is a reporter on the Political and Economics Desk. Fiscal measures introduced piece-meal over the last 12 months have given companies the distinct724 words
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Article, Illustration699 1990-03-24 14 Jeffrey Tsang - Jeffrey Tsang Jeffrey Tsang is a reporter on the Trade and Industry Desk. Fiction writers relish trotting out horror stories of enormous sums being transferred out of unsuspecting banks to accounts (anonymous, of course) in Switzerland. Fiction? Not really. In Singapore, too,Punch - 699 words
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PURSUITS
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Article, Illustration821 1990-03-24 15 Whang Yee-Ling - Size doesn't say anything about quality and so Whang Yee-Ling combs through the Singapore International Film Festival which began yesterday and picks the worthwhile nuggets Whang Yee-Ling THERE'S NO overlooking those giants. Massive and majestic, they thunder to the forefront of public attention and leave821 words
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Article, Illustration257 1990-03-24 15 WITH five film projectors, 35 rotating slide projectors and driving music reminiscent of banshees in the wilderness, Human Screen may come across as more electronic chaos than theatre. And 39-year-old Canadian Paul St-Jean, the originator of this multi-media entertainment, does admit that257 words
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340 1990-03-24 15 Charles Savage - By Charles Savage IF SOMETHING smells fishy, it's probably only the water. Because over at the Raffles Marina, the building cost is going up but membership fees are coming down. So who says you can't get a good deal anymore? With the rising340 words
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EPICURE 1
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Article, Illustration747 1990-03-24 16 Quek Swee Peng - Quek Swee Peng samples some fiery favourites Quek Swee Peng TASTE and texture epitomise the triumph of Sichuan specialties. So potent are some of their sauces that your tastebuds could be temporarily numbed for a brief moment. While some restaurants regularly concoct new recipes to pacify the flighty(Punch) - 747 words
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Article, Illustration862 1990-03-24 17 N K Yong - N K Yong takes a look at Roederer champagnes N K Yong Mention Louis Roederer, and the cognoscenti will immediately picture "Cristal", Roederer's deluxe cuvee in its clear crystal bottle with a flat bottom. The other excellent champagnes produced are hardly mentioned, which is a862 words
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857 1990-03-24 17 Richard Seah - Are fluorides effective in reducing tooth decay and totally safe for human consumption? Richard Seah calls for a major rethink on these chemicals. Richard Seah The writer is editor of The Good Life, a health magazine. The views expressed in this column are857 words
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Article725 1990-03-24 17 Sybil Holloway - BRIDGE By Sybil Holloway Although zia's article, Roll Cher Houdini, won the Bols Bridge Tips Competition 1989 (see last week's column) with 380 points, Great Britain's Tony Forrester's tip, "The Power of the Closed Hand", which came in second with 346 points, received725 words
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REVIEWS
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Article, Illustration472 1990-03-24 18 Samuel Ee - By Samuel Ee WHAT do you do if you're a movie maker and you want to be pedagogical? Or rich? Make a movie like Dad. It doesn't matter if it's commercial gain or cathartic release; both ways, you'll still get some sucker to472 words
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Article, Illustration870 1990-03-24 18 Roger Loh - CD REVIEWS By Roger Loh MICHAEL PENN: March (RCA)***** PERHAPS the most thankless task any rock singer has to face is inventing a signature sound. For newcomer Michael Penn, the identity crisis suffers a further blow: he's Sean Penn's brother. The gratification, however,870 words
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Article, Illustration287 1990-03-24 18 A Surendren - By A Surendren GERMAN FOOD IS MORE than just sauerkraut, bratwurst and pigs' knuckles. Check things out at the Marina Mandarin, where German food, wine and tourism will be promoted in the German Medieval Festival. To help you take the food down, in287 words
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Article, Illustration693 1990-03-24 18 Chuang Peck Ming - BOOK REVIEW By Chuang Peck Ming A Turn In The South By VS Naipaul Penguin 307 pages Travellers used to crossing kilometres with V S Naipaul should not miss A Turn In The South. After 28 years of expanding the road directory of693 words
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SPORTS
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Article501 1990-03-24 19 Anna Teo - Clubs and rackets give way to jogging shoes By Anna Teo ITS NOT QUITE the golf green for sure, and trying to talk business on the run is probably more taxing than walking from one hole to the next. But with running fast gaining501 words
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155 1990-03-24 19 AFP JOHN NGUGI accepts he may not win his fifth individual title in today's world cross-country championships in France but is determined Kenya will win their fifth successive team crown. "If it's a Kenyan who wins, it's okay for me. The worst wouldAFP - 155 words
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SIDE LINES
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Article66 1990-03-24 19 AP OTIS THORPE scored six points in a 17-4 Houston fourthquarter run and the Rockets went on to snap Detroit's 12-game winning streak, defeating the Pistons 115-110 on Thursday night. It was only the Pistons' second loss in two months covering 27 games, snapping the third hottestAP - 66 words
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Article69 1990-03-24 19 AP A RECORD 153 US baseball players will be paid more than US$l million each this season, according to contract details from sources. Rush with money from TV contracts, Major League teams have agreed in recent years to pay their stars staggering figures. Twenty-seven playersAP - 69 words
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Article89 1990-03-24 19 AP BRIAN BELLOWS scored two goals his 50th and 51st and set up another as the Minnesota North Stars gained a 5-1. victory over the Detroit Red Wings on Thursday night that spoiled the return of Bob Probert. The North Stars (33-38-4) I moved three points aheadAP - 89 words
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Article97 1990-03-24 19 AFP EDDIE LAWSON, back with Yamaha after winning his I fourth world title with Honda last year, has clocked up thousands of kilometres in testing for the 1990 world motor-' cycling championships to start in Suzuka tomorrow. The; 31-year-old Californian, closely watched by team manager Kenny Roberts,AFP - 97 words
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Article, Illustration281 1990-03-24 19 AFP MONICA SELES, the Rorida-based Yugoslav who stormed into world tennis last year as an irrepressible 15-year-old, is in sight of her first major title. She will play Austria's Judith Wiesner in the women's final at the International Players Championship in Key BiscayneAFP - 281 words
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Article194 1990-03-24 19 AFP lAN WOOSNAM, making his first US appearance of the year, headed the European challenge of the top Americans in Florida on Thursday. The tiny Welshman got off to what he called "a steady start" that translated into a bogey-free round of 68 four strokes behindAFP - 194 words
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EXECUTIVE JOBS
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Article, Illustration338 1990-03-24 20 Nai Phuay Cher has been appointed market planning manager of The Westin Stamford and The Westin Plaza. In his new appointment he will assist the director of marketing in planning and coordinating. Prior to this appointment, he worked several years in marketing and promotions in the tourism338 words
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Article, Illustration1375 1990-03-24 20 David Marchington - In a competitive job market like Singapore, selling yourself with a well written resume is vital. How can you come up with a real winner of a resume? David Marchington gives some very helpful hints David Marchington The writer is the managing1,375 words
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Article831 1990-03-24 20 FT Around of applause, please, for Michael Davis of the World Bank. When the Jobs column in this paper and seemingly all else were perplexed by British executives' high spending on consumer goods, he wrote from Washington offering an answer. The main reason whyFT - 831 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration686 1990-03-24 21 STOgC^ Expenditure on infrastructure development in booming Indonesia is expected to double over the next five years and create an 8 to 10 per cent growth in annual demand for cement. This has led analysts like Peregrine Securities to zero in on PT Semen Cibinong, one686 words
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Article, Illustration200 1990-03-24 21 Cresvale Far East - CHART Cresvale Far East THE Singapore stock market opened lower this week in reaction to the plunge in the Tokyo market and anxiety over the backlog of transactions on the Malaysian exchange. But the STII managed to rise on the last trading day and200 words
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Article622 1990-03-24 21 Prlcaa (aa at 23.3.90) Convaraion tarma (dlacount) Amount Optional** using Company l»»uad Wrta Shara Ln atk natk Gaarlng 4 (munKa) Conv Exar Caah Caah' Lnatk 2 t ratio prica yalua CKTang 16.9 2.360 4.700 1.00 2.25 -2 1.99 31.5.90 2 Causeway Inv 7.2 0.610 1.360 0.765622 words
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Article449 1990-03-24 21 Li Hiaw Ho - PROPERTY By Li Hiaw Ho Mr Li is director, Richard Ellis (Pte) Ltd Today, we look at how you can claim for owner-occupier tax concessions and your obligations as a property owner. In addition, new property owners often find themselves having to pay tax arrears. Why449 words
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DON'T QUOTE ME!
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Article, Illustration341 1990-03-24 21 WE MUST thank Forbes for bringing us a superb and haunting requiem on the demise of Drexel Burnham Lambert, set to the tune of Don McLean's "American Pie" an appropriate choice for marking the end of an era. It was composed341 words
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480 1990-03-24 22 Lim Say Boon - Aussie set to drop in longer term Lim Say Boon speaks to dealers and analysts in Melbourne before today's Australian elections Lim Say Boon Lim Say Boon is a writer based in Melbourne. A LIBERAL-NA-TIONAL Party coalition victory in today's Australian elections could see the money markets marking down the480 words
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Article, Illustration472 1990-03-24 22 Reuter THE Bank of Japan has played its strongest hand by raising interest rates, but US currency dealers say it merely removed the last barrier in the way of a US dollar rise to 160 yen. The Bank of Japan's one pointReuter; Chart by Tele Trac - 472 words
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584 1990-03-24 22 Jenny Lim - The first of BT's new fortnightly column on tax matters takes a look at foreign currency deposits. TAXING By Jenny Lim Jenny Lim is a tax partner with an international accounting firm. THERE IS much interest in foreign currency deposits, and in584 words
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Article, Illustration489 1990-03-24 22 Quak Hiang Whai - By Quak Hiang Whai IF YOU have just embarked on a career but aspire to own a private apartment, do not despair. With some innovative housing loan schemes now available in the market, you may see yourself owning your favourite apartment very shortly with a little help489 words
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268 1990-03-24 22 FOR MANY of us, the single most valuable asset to our name is our home be it a private apartment or a Housing Board flat. Insurance companies know this and they create home insurance policies that give ever wider coverage against accidental damages. The latest268 words
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THE TRAVEL PAGE
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Article1022 1990-03-24 23 City FHgM ETA Flight FTD i Um Dhabi GA976 0005 GA896 2305 Meiatte SQ226 1910 Qf81 2105 Amsterdam SQ23 0935 KL838 2150 KL837 1505 Athens 0A471 0015 QF16 1820 HmMmi TE25 1410 TE28 1525 TE25 1640 TE28 1800 SQ338 2025 Bahrain QF5 2230 Balikpapan GA525 17551,022 words
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Article, Illustration503 1990-03-24 23 Julie Vorman - LETTER FROM GRENADA By Julie Vorman SEVEN YEARS after US military tanks rolled ashore, Grenada is now the site of daily invasions by platoons of tourists armed with cameras and straw hats who arrive aboard luxury cruise ships. Many of the well-heeled visitors who503 words
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Article154 1990-03-24 23 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3990 1.4190 Canadian dollar 1.5830 1.6030 NZ dollar 1.0700 I.I 100 Sterling pound 2.9950 3.0250 US dollar 1.8780 1.8880 Local dollars to 100 units of foreign currency Austrian schilling 15.20154 words
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Article149 1990-03-24 23 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Mar 25-28 International Munich Mode-Woche- (49)89/*****0 Apr 5-« Children's Book Bologna. Ente Autonomo (39)51/*****1 Fashion Fair Munchen GmbH Fair Italy Per Le Fiere Mar 31- International Ban, Fiera Del (39)8(V*****1 Di Bologna Apr 8 Fair for Leisure,149 words
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TIME OFF
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Article72 1990-03-24 24 Some Say An original play written by Kuang Farong and presented by the Necessary Stage. A stylised play about four teenagers, each in search of themselves. In the process, they discover the appearances and facades that people create. As the play progresses, they find themselves caught in the same72 words
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Article46 1990-03-24 24 Birth at Twilight A musical programme introducing the ocarina, played by Mr Azman Mohamed. He will be accompanied by Mr Dominic Wong on the piano and guitar. Venue: Shell Theatrette, 3rd Floor, Podium Block, Shell Tower. Date: Mar 30. Time: 12.30pm to 1.15pm. Free admission.46 words
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Article, Illustration467 1990-03-24 24 Sculpture Exhibition An exhibition of over 100 sculptures by renowned sculptors as well as contemporary artists such as Gusella, Albrecht Durer, Harvey Edwards, David Fisher, Claude Le Clerc, Michelangelo and August Rodin. These three-dimensional works of art are from a collection represented in museum treasures. Finished in bronze, stone,467 words
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Article118 1990-03-24 24 K. Jayanti - Compiled by K. Jayanti The Third Singapore Film Festival Much awaited by film buffs, the festival promises to be an artistic treat. About 60 films from over 25 countries will hit the big screens here. In addition, there will be a fringe programme featuring 20 independent, short films from118 words
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Page 13 Advertisements
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Advertisement120 1990-03-24 13 222 5544 222 8844 Hong Laeng Rmnot Omnww Roane* W »tf 9 »»t> "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." OMEGA. The watch that records the world's significant moments. At the Olympic Games. In outer120 words
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Page 14 Advertisements
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Advertisement138 1990-03-24 14 Join us in a traditional Sunday Toast. TH t oinmii s i nc roti Announcing a new menu sure to add some extra sparkle to your Sundays. Rmrchettes, at The Oriental, Singapore, is pleased to introduce their Sunday Champagne Lunch. Join us in a toast to champagne with a menu138 words
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Page 14 Miscellaneous
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Miscellaneous32 1990-03-24 14 DOONESBURY Het&jxms two* ,NA UTENEWS! MAFIA UH„.ZONK. PEPRJVAWON THGRS ARB MAPI6S* WHO* *—M€REHAVE TANK IN A SOVIET UNCONRRMBP SfaS 6ULAG. MM* RSPOKTS> THAT I f. ~v Vi m m vstgffs T ss32 words
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Page 15 Advertisements
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Advertisement55 1990-03-24 15 If you find THE BOTTLE IMPRESSIVE, WAIT UNTIL YOU TASTE THE SCOTCH. ill < !,t j; titltlltlllllflfl* .C. M. J, VaHMHMMMMi «sc» 1 >' >r lilP) c: x .y it i v k s 0 L P 1 I! r IP J) I I V #®V:' /M THE DIMPLE. FROM55 words
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Page 16 Advertisements
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Advertisement1052 1990-03-24 16 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Didnt I see you at Scandals? Ml oflj ■fig- Everv Mondav: High Fashion Nigh«. Even Thursday: Ladies Night Every Night: The plate to see and be seen Scandals. Singapore's most sophisticated club and meeting1,052 words
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Page 17 Advertisements
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Advertisement264 1990-03-24 17 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. Every Sunday, Hubertus Grill becomes the venue for a great Sunday Family outing. A scrumptious buffet spread is laid out for t both grown-ups and children. And while you linger over a meal, we'll feature cartoon movies and keep your children264 words
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Advertisement312 1990-03-24 17 The art of doing business, fiourchettes Business Lunch. i ii I* V 4fet< "Es W>.V' -i,/ At Fourchettes Grillroom, one of Singapore's finest business lunches awaits. The freshest oysters, Goose Rillettes and other appetizers Main courses from the Grill, or Roast US Prime Rib from the Carvery. Accompanied by the312 words
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Page 19 Advertisements
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Advertisement74 1990-03-24 19 f j*.-* S BWBBJ Jk ix*-- Bfe/ it Jte^K (T < m f B "ft. Jfc /> jyrjt f if t 4 'v jfc y v -tfW-* ki A'JmmK v. Jl f JH Hk 8 R SJiiL-Jil* i V "S*y BU BEBPJ B B J Bwjflß t. B JH ML74 words
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Page 20 Advertisements
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Advertisement490 1990-03-24 20 BT welcomes announcements of senior personnel changes in your organisation. Please send details to The Editor, Business Times, 390 Kim Seng Road. Singapore 0923. Photographs should be in black and white. This is a free service DHL IN THE NEWS Advertisement Kim*! Pnmni iter office. R automatically prepares IXfJVv vUllipUlCl490 words
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Page 21 Advertisements
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Advertisement232 1990-03-24 21 THE MONETARY AUTHORITY OF SINGAPORE SINGAPORE GOVERNMENT OFFERING OF TAXABLE BOOK-ENTRY BONDS TO THE PUBLIC AMOUNT OFFERED SGD 250 MIO ISSUED CODE N*****1S (Reopened) ISSUE DATE 6 APRIL 1990 MATURITY DATE 1 DECEMBER 1994 INTEREST RATE 5.125 PCT p R I CE TO BE DETERMINED AT THE AUCTION INTEREST PAYMENT232 words
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Page 22 Advertisements
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Advertisement178 1990-03-24 22 INVESTING IN SHARES? CALL I .V I I ASK FOR EDIT PLUS When opportunity knocks you'll want to be It's so easy and convenient to apply for CREDIT ready. Here's where Hong Leong Finance PLUS. Drop by any of our 28 conveniently located and Singapore Finance can help. offices or178 words
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Page 23 Advertisements
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Advertisement63 1990-03-24 23 -wr -w gk The bwinen prt-ion'i choke every Tueiday, g I II f f\ g m Thuriday, Saturday ind Sunday. Leaving t'.hangi I I I U B Airport at 21:55 hour) and arriving at OUare M I I I W International Airport the following day, CmII your traxxi agent or63 words
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Advertisement104 1990-03-24 23 Based on the research that developed the successful Collins COBUILD English Language Dictionary Now helping even more learners with Real English over 45.000 references almost 50.000 real examples detailed treatment of the essential words and meanings of modern English words and meanings explained clearly and simply in full sentences clear104 words
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Advertisement244 1990-03-24 23 writing about it? IM If the answer is yes, If you may be the [J§ wmmmma SPORTS WRITER m we want. m Business Times' Lifestyle section urgently needs some- |M one to report and write commentaries on golf, tennis and ms& fIHHHHHHHH other executive games, as well as cover the244 words
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Page 23 Miscellaneous
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Miscellaneous154 1990-03-24 23 not stand for it (3-4,6) drive (6) h d 20 Pair allowed an ornamensphere (3) DOWN 1 Break one's journey 13 They're classified as small YESTERDAY'S SOLUTION proves to be a disaster; (3) «5 p em ale in a woolly coat Hon^T^A^T^oWslnT^i 2 Young birds leave cast on 13 rcm<uc154 words
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Miscellaneous229 1990-03-24 23 Singapore OUTLOOK: Fair overaight with several showers ia the afteraooa Report for 24 hours prior to 7.30pm on Mar 23 at the airport: Max trap 33-4 Assoc humidity 69 Mia leap 26-2 Assoc humidity 92 Hrs of suashine 6JO lihMl ia mm NU Rainfall this mth 94.2 Raiay days this229 words
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Miscellaneous37 1990-03-24 23 hii -pencuE, BY KHGJJJ IT UJOUU> e>e.THe SH€. iflin n«i (v<xJi&mrvK£,Goose&fcJW mto my qffiCC. u*WJG IKe. Vocrnscy e ojtNNejg,... J \jtgxnpc. P-NP shouting SCOQPT... of y 7/ VT ~T J 110 C EVEMNO STANDARD CO. LTD. IW-1M37 words
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Page 24 Miscellaneous
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Miscellaneous1579 1990-03-24 24 9.00 smmm street [|1 Sayings ef a Prophet. BMiiHMHH Maths How Good 010 Boys, 2.05pm, 10.30 Educational TV. based on southern new series about com me r- 11.00 Hear Ma Out, Dear! author debuts on 113 Body Watch. biographical novel about visions. Saracen L..*» j*-®® PHNews(M)^ a company Tnl^trn* town1,579 words
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Miscellaneous1065 1990-03-24 24 A Nightmare on Elm Street 5 The Dream Child. More horror as the nightmarish sequel rears its ugly head again. Cathay: 11; 1.30; 4; 6.45; 9. Dead Poets Society. Not exactly cerebral stuff but still very good. Touching story about how an unconventional English teacher demonstrates to his students that1,065 words
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