The Business Times, 22 September 1990

Total Pages: 28
1 28 The Business Times
  • 11 1 Business Times MCI (P) 170/12/89 Weekend Edition, September 22-23 1990 75*
    11 words
  • NEWS & MARKETS SUMMARY
    • 34 1 THE NEW YORK stock market was narrowly mixed yesterday in activity swollen by a quarterly "triple witching hour". The Dow Jones average of 30 industrials slipped 1.98 to 2,516.34 by 1500 GMT
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    • 28 1 SHARE prices were lower at midday yesterday. At about 12.15pm, the Financial TimesStock Exchange 100-share index was down 8.8 points, or 0.4 per cent, at 2,008.0.
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    • 52 1 WEST Germany's Upper House of Parliament gave its formal seal of approval yesterday to a treaty that clears the way for unity with East Germany on Oct 3. One day earlier the treaty was ratified by the West's Lower House and by the East
      52 words
    • 26 1 RESULTS of the tender for vehicle entitlements for October, which opened amid the Gulf crisis, have turned out to be mixed Page 2
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    • 27 1 RETAILER Robinson Co has chalked up record profit and turnover in what must be considered as the best year of its long history Page 3
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    • 35 1 AMERICAN and Philippine officials agreed yesterday that US forces in the Philippines would be reduced, but adjourned talks on the future of US military bases without deciding the scale or timetable Page 6
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    • 29 1 THE SOVIET Parliament yesterday entered the final phase of talks on sweeping economic reform as representatives of commissions studying various rival schemes presented their findings. Page 6
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    • Article, Illustration
      29 1 Friday Change BT-MGA 589.03 -9.52 Kuala Lumpur ....507.24 -11.34 Hongkong 2,931.86 -52.68 Tokyo 23,777.83 +174.85 Sydney 1428.0 -19.5 Thursday Change New York 2,518.32 -39.11 London 1,531.10 -45.00
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    • 20 1 Exchange rata USS S$ 1.7660 Yen S$ 1.2853 MS SJ0.6536 Money Murket rites Overnight 7 +1 3-montn 6-1/2 unch
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    • 36 1 London Gold PM fix US$389.30 US$2.45 S'pore Oct 154.25'/kg +1.25 Nrsia Oct 237.50*/kg unch KL Tin Turnover 88 tonnes +13 Spot M$I5 38/kg +0.03 Crado palm oN Turnover 224 lots -89 Oct M$674 /tonne unch
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  • 494 1  -  By Abdul Hadhi LOCAL RETAILERS are beating a path to Kuala Lumpur as their scope for domestic expansion narrows. The latest to jump on the bandwagon is C K Tang, following a trail marked out by Transmarco Isetan and
    494 words
  • 131 1 THE CENTRAL banks of UK, US and West Germany yesterday intervened to support the British pound following its sharp fall in reaction to reported comments by Prime Minister Margaret Thatcher. The Bank of England intervened three times, dealers said, but sterling remained in trouble,
    131 words
  • 362 1  -  By Quak Hiang Whai THE WORLD'S most dynamic business arena in the 90s is not in Eastern Europe but Asia, according to US magazine Fortune International. Commenting on why the business magazine had devoted a special issue to Asia, Fortune's
    362 words
  • 287 1 The Gulf Crisis Reuter IRAQI President Saddam Hussein, defying mounting international pressure to withdraw from Kuwait, yesterday urged his people to steel themselves for war. In the toughest statement from Baghdad since the Gulf crisis erupted seven weeks ago, Saddam's ruling Revolution Command Council (RCQ
    Reuter  -  287 words
  • 288 1 HONGKONG'S takeover authority has ordered publishing group Sing Tao and its chairman, Sally Aw Sian, to make a general offer to Jademan shareholders, the South China Morning Post reported on Thursday. They, along with former Jademan chairman Tony Wong Chun-loong and
    288 words
  • Page 1 Advertisements
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      115 words
    • 16 1 OPINIONS Schools high price to pay for independence. EL 2 India, Pakistan should merge. EL 2
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      21 words
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      17 words

  • HOME NEWS
    • NEWS ROUNDUP
      • 65 2 IN A BID to regain market share, Shell announced a 2.4 cent cut in the pump price for its premium petrol. It now costs 140.8 cents a litre, marginally lower than Caltex's 141 cents. Caltex was the cheapest before Shell cut its price today "to meet
        65 words
      • 28 2 NAMES of persons are being sought for nomination as Nominated Members of Parliament. Their names are to be submitted to the Special Select Committee of Parliament.
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      • 36 2 MR GOH Joon Seng, an advocate and solicitor, has been appointed as a Judicial Commissioner of the Supreme Court for a period of one year from October 1, said the Prime Minister's Office.
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      • 43 2 THE Minister for Finance, Dr Richard Hu, left for Washington DC yesterday to attend the two-day 1990 Joint Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank, from Sep 25.
        43 words
    • 212 2 THE GOVERNMENT has varied the conditions of release of Chia Thye Poh, the longest-serving detainee under the Internal Security Act. A statement from the Ministry of Home Affairs yesterday said that Mr Chia will be allowed to leave Sentosa, where he has
      212 words
    • 565 2  -  Quota premiums for four categories down By Yong Pow Ang RESULTS of the tender for vehicle entitlements for October, which opened amid the Gulf crisis, have turned out to be mixed. While the quota premiums for four categories were lower than those
      565 words
    • 435 2  -  By Elaine Koh TWO VISIONS of Singapore's first waterfront town in Simpang have taken shape under proposed development guide plans (DGPs), featuring waterfront homes, sea sports facilities and a bird sanctuary. A team each from the private and public sectors took a year to
      435 words
  • SHIPS IN PORT
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    • 1254 2 RECOVmC OF EXPORT FCi COWTAJMERS AND La CARGO lUcsrd BocWm/Bdmct Wb a# ¥oj No Etb/Bfe Mod Fran To Fran to Uy IB 23/1900 3 22/0700 22/1159 22/1400 4 22/1200 22/1459 22/1700 AJu Bhuni 59S 23/0645 1 21/1500 21/1659 21/1900 2 21/1700 22/0659 22/0900 Ai Mm ***** 24/1400 1
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  • Page 2 Advertisements

  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 365 3  -  By Lee Han Shih RETAILER Robinson Co has chalked up record profit and turnover in what must be considered as the best year of its long history. Results for the year ended June 30, released yesterday, showed that turnover grew 25.4 per cent to
      365 words
    • 275 3 ROBINSON'S shareholders have given approval for the company to enter into an agreement with Fraser Neave (F&N) group that will ensure that control of Centrepoint Properties Ltd (CPL) is retained by either of the two parties for an indefinite period. The publicly-listed
      275 words
    • 363 3 TWO Sesdaq companies, Superior Metal Printing (SMP) and Fuji Offset Plates Manufacturing, have reported lacklustre performances for the first six months of this year. SMP, which made its debut on Sesdaq early this month, turned in lower than expected interim results,
      363 words
    • 272 3 SHIPPING COMPANY Hai Sun Hup may end up paying a lower price for the property it intends to buy from its chairman Ow Chio Kiat and his wife for $16 million. The company said yesterday that the purchase price of HSH Properties
      272 words
    • 636 3 Prioae(aeat 20.9.90) Conversion term* PrefriunV (discount) Expiry Optional** using Company Star* Lnatk fe na4 ftf Hi man Gearing 4 ;m units) Conv Exar LnstK nom Lnetk* Data Mtha laft ratio price value M Hi HHH t 1 9 Hi mi Of K9 C4CW1 WTM 1.130 3.460 1.00
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    • 183 3 UNPERTURBED by events stemming from the Gulf, a Singapore Aerospace subsidiary is going ahead with plans for the structural overhaul of a Kuwait Airways aircraft. The subsidiary, Singapore Aviation Services Co Pte Ltd (SASCO) has started work on the aircraft and is expected
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    • 358 3  -  By Claire Leow GUTHRIE Technologies will boost its marketing and information technology (MIT) arm, currently a small portion of its business, by acquiring more software houses. Its new joint venture company with IBM will also play a crucial role in strengthening this division.
      358 words
    • COMPANY BRIEFS
      • 73 3 SOUTH KOREA'S Hyundai Wood Industries Co Ltd plans to transfer part of its facilities to a proposed joint venture company in Malaysia to cut operational costs, a Hyundai official said. Facilities in two of Hyundai Wood's factories in the south-eastern city of Ulsan
        73 words
      • 59 3 INSAS BHD yesterday reported a consolidated pre-tax group operating loss before minority interests and extraordinaryitems of M 5566,000 for the half-year ended June 30, 1990, against a loss of M 5491,000 during the previous ing period. The company said group turnover fell by 62.1 per cent
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      • 80 3 SPK-SENTOSA Corp Bhd has reported a 288 per cent rise in its group pre-tax profit to M 5420,000 for the half-year ended June 30, 1990, from M$ 108,000 in the same period last year. This was registered on a 135 per cent increase in turnover to
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      • 120 3 MALAKOFF BHD has announced a lower group pre-tax profit of M 59.54 million for the year ended June 30, 1990, against M 523.184 million the previous year. It said group turnover fell 20 per cent to MS66.BS million from M 583.66 million previously in spite of
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    • 304 3 Reuter THE SHARE PRICE of state-controlled Malaysian Airline System, already hit by rising fuel costs, fell to a 1990 low yesterday on news it would not be allowed to raise domestic fares. MAS shares fell 25 cents to M 55.85 within the first
      Reuter  -  304 words
  • Page 3 Advertisements
    • 527 3 fl Malaysian Tobacco Company Berhad PROFIT AND DIVIDEND ANNOUNCEMENT The Board of Directors announce the following unaudited results for the first half-year to 30th June 1990. 1990 1989 Change Company Group Company Group Company Group Ms'ooo MS'OOO MS'OOO MS'OOO TURNOVER 171.091 245.421 179,178 243.108 4.5 1.0 Investment and Other Income
      527 words

  • COMPANY NEWS
    • COMPANY BRIEFS
      • 103 4 OLYMPIA YORK, one of North America's largest and most successful developers, is apparently seeking to hedge its position in the troubled US real estate market by selling an interest in most of its American holdings. The Toronto-based real estate company has hired the investment
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      • 97 4 BRITISH beer and spirits group Guinness said on Thursday that its taxable profit rose 31 per cent in the first half of this year to £322 million from £246 million. Turnover was up 20 per cent over the same period last year at £1.53 billion
        97 words
      • 76 4 SAN MIGUEL Corp (SMC), the Philippines' largest private firm, has applied to set up a food cannery, sources in the company said on Thursday. The beer-based food giant, which has diversified into dairy products, processed meat, prawn exports and soft drinks, is applying for tax
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      • 60 4 FOUR EUROPEAN banks asked that the court-appointed examiner be granted control of 51 more companies in his investigation into debt-ridden Goodman International, the Irish beef exporter owned by Larry Goodman. The 51 firms fall under the umbrella of Cork Co Ltd, a separate holding company for
        60 words
      • 76 4 CHRISTOPHER SKASE, former chairman of the failed Qintex group, pleaded not guilty to charges of assault and wilful damage at Southport Magistrates Court yesterday. The court was told that Mr Skase would leave for overseas at the weekend, where he was expected to resume his employment
        76 words
      • 107 4 DEVELOPER Donald Trump has failed to make a US$l.l million loan payment for the Trump Shuttle and is seeking to reschedule US$245 million in loans on the airline, a top aide said on Thursday. The missed payment and delay request comes less than a month
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    • 297 4 Reuter THE Broken HiU Pty Co Ltd said net profit for the first quarter to Aug 31 was swelled by a AS 114 million gain on the sale of a 30 per cent stake in North West Shelf operator Woodside Petroleum
      Reuter  -  297 words
    • 470 4 AFP INDUSTRIAL conglomerate Polly Peck International was plunged into crisis on Thursday when its shares were suspended after losing more than half their value in the wake of a series of damaging rumours about the company. The company's board was scheduled to meet
      AFP  -  470 words
    • 269 4  -  By Conrad Raj FORMER Hongkong banker Low Chang Hian was freed yesterday from Queenstown Remand Prison after spending 21 months in jail for criminal breach of trust. However, his freedom lasted only a few hours. At 5.23pm he left on a Singapore Airlines
      269 words
    • 198 4 AFP DUTCH electronics group Philips, which is restructuring to cope with a profits slump, said on Thursday that it was transferring to AT&T its 15 per cent stake in a joint venture with the US company. The announcement that the Philips stake
      AFP  -  198 words
    • 385 4 FT LONDON'S International Stock Exchange is expected to launch two new share indices next week as part of a pilot plan to develop a benchmark European stock index. Andrew Hugh Smith, chairman of the stock exchange, announced on Thursday in Tokyo that one
      FT  -  385 words
    • 361 4 Reuter PRE-TAX profits at Glaxo Holdings pic, the world's third largest drug firm in revenue terms, exceeded even the most optimistic analysts' forecasts despite adverse currency rates shaving £145 million and £52 million off sales and trading profits respectively. Pre-tax profits for the year to
      Reuter  -  361 words
    • 244 4 THAILAND's Singha beer producer Boon Rawd Brewery Co plans to launch soy sauce and fruit juice in bottles and cans in a diversification effort, The Nation reported on Wednesday. The products will be launched through Boon Rawd's marketing networks throughout Thailand by the end of the
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  • Page 4 Advertisements
    • 95 4 Property The property market has been forging ahead in the past two years. The question now is, will it hold? Business Times special supplement on property and construction looks at the trends in the residential, commercial, industrial, retail and hotel sectors. With Singapore companies looking further afield for opportunities, we
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  • FINANCIAL NEWS
    • 526 5  -  By Diana Oon SINGAPORE'S 10 biggest finance companies are expecting their car loan business to slow down drastically in the months ahead. Finance company officials told BT that a reduction in the volume of car loans was already evident in February and
      526 words
    • 381 5 AP J P MORGAN and Co is the first bank since the Great Depression to win US government permission to underwrite corporate stock. The Federal Reserve\ Board said in a letter on Thursday that J P Morgan Securities Inc, a subsidiary of
      AP  -  381 words
    • 169 5 Reuter CANADA'S major banks have cut their prime lending rates to 13.75 per cent from 14.25 per cent, effective yesterday. The Royal Bank of Canada, the Canadian Imperial Bank of Commerce, the To-ronto-Dominion Bank and the Bank of Nova Scotia all dropped their primes after
      Reuter  -  169 words
    • 539 5 NYT THE DEEP PROBLEMS afflicting the federal fund that insures deposits at banks and savings and loan associations in the United States may look dire to Americans, but to the Japanese, they are incomprehensible. Japan's government relies on secretive and informal methods for managing
      NYT  -  539 words
    • 561 5 DBS Bank, in this week's technical analysis on currencies, focuses on the US$/DM outlook LAST WEEK'S bear divergence worked as the USS/DM traded below the upward channel formed on the daily bar chart by joining the lows of Aug 27 and Sep 6. However, it
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    • 321 5 Reuter AS INSOLVENCY becomes a major issue for the US insurance industry, companies and agents are, for the first time, considering supporting some level of federal involvement in regulating the industry for solvency. The number of insurer insolvencies rose to 43 in 1989 from 21
      Reuter  -  321 words
    • SMALL CHANGE
      • 68 5 THE HONGKONG and Shanghai Banking Corp Ltd was continuing talks with Midland Bank pic on the form and nature of a closer business relationship and would issue a further statement when appropriate, Hongkongßank Deputy Chairman John Gray told a meeting of Hongkong analysts. There
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      • 68 5 PHILIPPINE BANKS have decided to reduce their US dollar allocations for imports, except of oil and food, by 20 per cent to conserve their dwindling stocks of the greenback. The cutback takes effect immediately. The 31-member Bankers Association of the Philippines agreed in a general meeting
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      • 74 5 THE MALAYSIAN GOVERNMENT is inviting tenders for two loan issues totalling M 52.5 billion in two tranches with different maturity periods, both of which will be issued on Oct 2. The first tranche of M$l.S billion, which will mature on Oct 2, 2005, will be
        74 words
      • 55 5 EURASCO AG, the first finance company to include capital from both Western and Eastern Europe, said it had doubled its capital to 70 million Swiss francs and that the Soviet State Bank, Gosbank, had taken a one million Swiss franc stake. Gosbank president Viktor Gerashchenko will sit
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      • 27 5 FRENCH STATE-OWNED BANK Credit Lyonnais has agreed to take a 40 per cent stake in Spanish broker Iberagentes for an undisclosed sum.
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      • 67 5 FRENCH PRIVATISED BANK Societe Generate has postponed its listing on the Tokyo Stock Exchange because of the market's state, chairman Marc Vienot was quoted as saying. "We have decided to introduce our shares on the Tokyo stock exchange in the autumn of 1990... we have
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      • 36 5 BELGIAN COMMERCIAL BANK Banque Bruxelles Lambert said it would open a representative office in Seoul It said in a statement it was the first Belgian bank to be represented in South Korea.
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  • Page 5 Advertisements
    • 127 5 THE ZURICH TONHALLE ORCHESTRA F a .Bp < i Conductor: Hiroshi Wakasugi Berlioz Symphonie Fantastique Honegger Rugby Ravel Bolero Sponsor Swiss Bank Corporation Presented by the Singapore Symphonia Company Limited in association with Embassy of Switzerland, Singapore Victoria Concert Hall 1 October 1990 8.15pm Tickets at $40, $60 and $80
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  • Page 5 Miscellaneous

  • THE REGION/WORLD
    • WORLD WATCH
      • 90 6 THE GOVERNMENTS of Switzerland and Vietnam were on the point of signing an agreement guaranteeing Swiss investment in the South-east Asian country, sources said in Geneva on Thursday. The French government was expected to sign a similar agreement with Vietnam in the near
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      • 70 6 STRONG domestic demand helped Japan's economy grow by 0.9 per cent in the April-June quarter over the previous quarter and by 7.5 per cent from a year ago, the Economic Planning Agency (EPA) said on Thursday. The quarterly rise in the country's GNP was higher than most
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      • 98 6 THE DUTCH government has proposed that the industrialised world write off up to US$BO billion worth of debt owed by the world's 41 poorest nations. The debt forgiveness programme proposal was made last week during a meeting of the Paris Club, an informal gathering of treasury and
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      • 65 6 SOUTH AFRICA'S largest business organisation has released a report outlining a 10-year socio-economic programme involving business to buttress political change in the country. Meeting a challenge to outline its stand on the country's future, the South African Chamber of Business said such a plan was
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      • 60 6 THE EUROPEAN Community Commission has no plans to restrict production of cars by European manufacturers as part of an agreement which would open the EC market to Japanese car imports, commission sources said on Thursday. "It has never been a question of restraining the
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      • 41 6 NEW ZEALAND trade unions backed down from higher wage demands after learning from Prime Minister Mike Moore that the country's economy was in "an extremely fragile and dangerous condition," The Dominion newspaper reported in Wellington yesterday.
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    • 187 6 AFP GERMANY, brimming with the world's highest concentration of troops and arms while divided, is set for dramatic defence reductions as a unified country. The departure of thousands of foreign troops and deep cuts in its domestic forces over the next few years will
      AFP  -  187 words
    • 387 6 AP AMERICAN and Philippine officials agreed yesterday that US forces in the Philippines would be reduced, but adjourned talks on the future of US military bases without deciding the scale or timetable. Spokesmen for both sides told reporters the panels would resume
      AP  -  387 words
    • 354 6 Reuter THE SOVIET Parliament yesterday entered the final phase of talks on sweeping economic reform as representatives of commissions studying various rival schemes presented their findings. The Parliament's commission on economic reform has approved the plan, supported by President Mikhail Gorbachev, to
      Reuter  -  354 words
    • 176 6 AP IN ANOTHER sign of growing ties, South Korea and the Soviet Union have concluded a pact on cooperation in the field of industrial property rights, the Korea Industrial Property Office announced yesterday. Officials said the accord was signed in Moscow on Thursday
      AP  -  176 words
    • 219 6 AFP AUSTRALIAN Prime Minister Bob Hawke on Thursday knocked the Japanese for concentrating investments in Australia's real estate and tourism sectors and asked them to focus more on manufacturing. "Ninety-two per cent of Japanese direct investment (in Australia) totalling US$9 billion
      AFP  -  219 words
    • 44 6 This is a copy photo of the Los Angeles District Attorney 'booking mug' of Charles Keating, former head of Lincoln Savings ana Loan, who surrendered earlier this week on a 42-count indictment of fraud in the selling of junk bonds.
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    • 501 6 IHT VIETNAM is holding the door open for investment by US oil companies, despite the recent extension of an American trade embargo, because developing the petroleum industry is central to reviving Vietnam's economy, western officials and analysts said on Thursday. Oil and gas
      IHT  -  501 words
    • 378 6 AFP THE PEOPLE of Lang Son province, the devastating effects of the 1979 war with China well behind them, are now busy getting rich trading with their northern neighbour. But it is a business that has led to frenzied smuggling and a
      AFP  -  378 words
  • Page 6 Advertisements
    • 210 6 HAIR LOSS AND YOUR IMAGE A PUBLIC FORUM Jointly organised by Upjohn and The Health Digest Free Admission September 23,1990 H 3.00 pm 5.30 pm B| The Mandarin Singapore Gallery Room, 4th Boor t Distressed and embarassed about hair loss? Worried about the health condition of your THE SPEAKERS: hair?
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  • THE WORLD
    • 471 7 IMF Report Reuter BELEAGUERED Soviet leader Mikhail Gorbachev may find himself with an unusual ally in his battle to retain some central control of economic policy the International Monetary Fund. International monetary sources said in Washington that the fund is likely to favour
      Reuter  -  471 words
    • 550 7 AP INDIA, Bangladesh, Sri Lanka and the Philippines lead the list of Asian nations most severely affected by the Gulf crisis, a World Bank official said on Thursday. World Bank directors pinpointed the four countries as most vulnerable in south and east
      AP  -  550 words
    • 393 7 The Gulf Crisis AP JAPAN is setting up a "peace fund" of US$9OO million within an organisation of Arab Gulf nations to provide assistance to the United States-led Gulf force, the chief government spokesman said in Tokyo yesterday. The fund, formally established
      AP  -  393 words
    • 420 7 NYT SEVEN WEEKS after Iraq invaded Kuwait, motorists in completely oil-dependent Japan are only now beginning to pay a bit more for petrol, thanks to a government that exerts quiet but enormous influence to insulate consumers from the Gulf crisis.
      NYT  -  420 words
    • 1055 7  -  PM's visit to the Soviet Union Mr Lee Kuan Yew's visit to the Soviet Union is in many ways historic. Chuang Peck Ming explains why and reports on how Singapore can benefit economically from closer ties with the Soviets. Chuang Peck Ming AS IF
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    • 335 7 November 1965: Deputy Prime Minister Toh Chin Chye visited the Soviet Union to explore the setting up of diplomatic relations. 1966: Soviet Foreign Minister Nikolai Pavlovick Firoubine returned the visit. April 1966: Signing of reciprocal trade agreement. 1967: Opening of Soviet trade mission in
      335 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4484 8  -  By Quak Hiang Whai SHARE PRICES on the Singapore stock market completed a full week of sliding yesterday, losing almost 18 points on the Straits Times Industrials Index. Over the week, the bearish market lost some 78 points. The market slid from
      4,484 words

  • 3905 9 Main Board Alex Hkigs 50« 210 +20 +10.5% Polytek 50» 120 20 20.0% UE 175 +6 +3.6% C Properties 595 +5 +0.8% UOL Wt 48 +4 +9.1% LAM Wt 72 3Vi +5.1% Tiger Balm 20* 118 +3 +2.6% Inno-Pac Wrts 17V. +2 +12.9% Clob Guinness
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  • KUALA LUMPUR STOCK EXCHANGE
    • 3636 10 Bernama SHARE PRICES in Kuala Lumpur finished broadly lower yesterday but most counters ended above earlier lows on afternoon bargainhunting prompted by a sharp rebound in Tokyo. Support for component stocks helped the KLSE Composite Index recover from its day's low of
      Bernama  -  3,636 words
  • Page 10 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2268 11 Reuter TOKYO stocks closed firmer yesterday due to window-dressing by financial institutions on the last day for September delivery. The Nikkei had spent most of the day in negative territory, posting a new 1990 traded low of 23,049.99 at mid-morning. "The market now
      Reuter  -  2,268 words
  • STOCK EXCHANGE OF HONGKONG
    • 2266 11 Reuter HONGKONG stocks ended lower, dragged down most of the day by Tokyo's softer tone. The local bourse was unable to recover the bulk of its losses despite an afternoon upturn in Tokyo. Brokers blamed a general lack of interest ahead of the weekend
      Reuter  -  2,266 words

  • REGIONAL STOCK MARKETS
    • Aussie stocks tumble to 17-month low
      • 91 12 INDICES TURNOVER Ctoaa Prsvfcwa Sep 21 SYDNEY All Ordinaries Index 1428.0 1447.5 •19.5 All Industrials Index 2108.7 2139.8 -31.1 All Resources Index 895.3 906.1 -10.8 Turnover (million) AlklMfAW 60.37 61.02 -0.65 BANC K OK SET Index 637.95 647.35 -9.40 Turnover (nearest *000) NA 7,875 JAKARTA Composite Index 500.39 500.69 -0.30
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      • 935 12 AUSTRALIA'S sharemarket plunged to a 17-month low yesterday, tumbling through a key technical support level to cap off a dismal week. The All Ordinaries Index ended 19.5 points lower at 1428.0, its lowest point since April 18 last year. Brokers said nervousness over continuing slides in offshore markets had
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      • 333 12 TAIWAN stocks ended sharply higher today after hitting a 31-month closing low on Thursday as investors felt the market had been oversold, dealers said. The weighted index rose 154.69 points, or 5.23 per cent, to finish at 3,111.41. Turnover increased to NT523.3 billion against NTS 16.12 billion. Taipei NTI
        333 words
      • 677 12 THAI stocks suffered further losses for the ninth straight day but late bargain hunting helped them off their lows, brokers said. The SET Index fell 9.40 points to a 13-month low of 637.95. The indicator declined about 25 points during the session. Siam Cement fell 160 baht to 4,586,
        677 words
      • 354 12 NEW ZEALAND shares ended at their lowest point for 1990 but brokers said the fall was more a reaction to overseas concerns that to a trade union agreement restraining claims for wage rises. The Barclays index finished 26.26 points down at 1,508.50. Brokers were encouraged by a steady
        354 words
      • 476 12 PHILIPPINE share prices slid in quiet trading as investors reduced their holdings cautiously ahead of announcements of local petrol price increases, brokers said. The Manila Stock Exchange composite index closed at 626.26 points, down 17.65 from Thursday. Combined turn- over on the two bourses edged higher to 462.9 million
        476 words
      • 828 12 SEOUL stocks fell across the board in weak morning trade on rumours of a scandal involving a company which may have filed for bankruptcy, brokers said. The composite stock index stood at 576.93 near the dose of the morning session, shedding 8.26 points from Thursday's close. Small and medium
        828 words
      • 560 12 Reuter PRICES on the Jakarta stock exchange ended mixed yesterday, with the composite index easing 0.30 points to 500.39, but turnover rose to 3.33 million shares from Thursday's 2.34 million. Bank Duta was the most traded on the regular market at 173,000 shares, dosing ISO rupiah higher at 5,930.
        Reuter  -  560 words
      • 317 12 la local c %day wntmcy year la S day S year la US! day 1 I fc year World fEAFE Europe Pacific Fir East 351.1 469.6 367.0 777.7 1006.5 -1.3 -1.7 -1.7 -1.6 -1.7 -24.5 •31.1 -18.6 -38.6 -39.6 -1.6 -1.7 -17 •1.0 •1.0 -26.8
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  • Page 12 Advertisements

  • WORLD STOCK MARKETS
    • London shares take a sharp tumble
      • 536 13 Other markets in Europe, South Africa and Canada Amsterdam Sep 20 Fb ABN 33.40 urvch Acgon 113.80 +0.1 Ahold 128.00 -1.9 Akzo 93.30 -0.8 Alrenta.159.20 unch AMEV 47.90 -0.2 AMRO Ass. Stad 41.00 -0.5 BOLS 179.60 -0.9 Borsumy 75.00 unch Buehrman Tetterode.... 52.20 -3.4 CSM 81.90 -0.1 Daf 23.80 -1.2
        536 words
      • Article, Illustration
        1290 13 US STOCK prices closed sharply lower on Thursday, depressed by a jump in crude oil prices to a new seven-year high of US$35 a barrel, and amid growing fears that the US economy may be heading into a recession. The Dow Jones industrial average closed down 39.11 points
        1,290 words
      • Article, Illustration
        850 13 THE FTSE Index of Britain's 100 largest stocks slumped 2 per cent yesterday morning as gloom deepened over the chances of war in the Gulf and hopes faded for an early cut in UK interest rates. "The market tried to rally early on but its heart wasn't really in
        850 words
      • 268 13 HEAVY sell orders from abroad for banks and communications helped to drive Italian share prices down as the Milan bourse index skidded towards a new low for the year, brokers said. The MIB index was 1.5 per cent down at 0900 GMT after one hour of trading and the
        268 words
      • 345 13 SHARPLY higher gold, oil and gas shares, sparked by firmer oil prices, tempered heavy losses across the Toronto stock market, dealers said yesterday. NYMEX October oil futures broke U5535.00 a barrel on technical buying, dealers said. The composite index lost 19.22 to 3,256.36 on volume of 20.4 million shares.
        345 words
      • 135 13 FRENCH share prices hovered around their year's low by midday amid fears of a conflict in the Gulf after President Saddam Hussein warned Iraqis to prepare for war. The CAC-40 index lost 23.49 points or 1.52 per cent to 1517.11 by 1048 GMT. It touched a new 1990 low
        135 words
      • 82 13 PRICES on the Stockholm bourse sagged in relatively active early trade as many players tried to get out of the market, dealers said. They said investors with highly pledged portfolios appeared forced to sell out in order to hedge losses in the wake of Iraq's invasion of Kuwait The
        82 words
      • 252 13 Reuter SWISS shares opened mixed to lower in quiet trading as investors stayed awav from the market ahead of the weekend, dealers said. The SMI index of leading shares fell 8.3 points to 1,436.6 after about 10 minutes of trading. Dealers said no fresh news were seen to influence
        Reuter  -  252 words
      • 186 13 WEST GERMAN share prices swung sharply higher late in Friday's bourse trade, cutting their losses to some 0.8 per cent after further uncertainty about the Gulf crisis had knocked 3.2 per cent off prices earlier in the session. But dealers said the upswing could not be interpreted as a
        186 words
      • 85 13 INDICES TURNOVER NEW YORK Close PlWiOM Sep 20 Dow Jones NYSE Financial SAP 500 Turnover (million) 2518.32 116.05 311.48 145.10 2557.43 118.46 316.60 147.53 -39.11 •2.41 -5.12 -2.43 LONDON Financial Times 30 FTSE 100 Turnover (million) 1531.10 2016.90 517.7 1576.10 -45.00 2065.80 -48.90 386.8 +130.9 AMSTERDAM CBS General 176.30 178.50
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  • Page 13 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1243 14 1 FOREX MARKET REPORTS THE GREENBACK yesterday ended lower against the yen on expectations that the Group of Seven (G-7) talks in Washington today are unlikely to produce any dollar-supportive comments. The US dollar was also hit by vague rumours that a
      1,243 words
    • 384 14 Cross rates &p2i USS SS MS Dm Yen SFr AS NZS USS 1.7660 ***** 1.5775 137.65 0.5338 1.3205 1.2085 1.6116 SS 0.5663 1.5294 0.8933 0.7794 0.3022 0.7477 0.6843 0.9126 MS 0.3702 65.38 0.5840 0.5096 0.1976 0.4889 0.4474 0.5967 Dm 0.6339 I.I 195 1.7122 87.26 0.3384 0.8371 0.7661
      384 words
    • 559 14 Interbank rates s$ BM Offer Overnight 7 7 1/4 1-month 6 7/16 6 9/16 2-month 6 7/16 6 9/16 3-month 6 1/2 6 5/8 Overnight mode: 6 us$ BM Offer 7 days 8 1/2 8 V8 1 month 8 1/4 8 3/8 2 months 8 3/16 8 5/16
      559 words
    • 1514 14 E EX —MUM Open High Low Sett Eat Vol Op/Int Vol Dec 9C 91.95 91.95 91.88 91.88 ***** ***** 6179 Mar 9 91.98 91.98 91.92 91.93 5200 7730 1665 Jun 91 91.84 91.84 91.79 91.81 931 2029 99 Sep 91 91.61 91.62 91.59 91.59 425 448 57 Dec
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  • Page 14 Advertisements

  • COMMODITIES
    • 416 15 Reuter THE REBOUND in cocoa prices is encouraging Indonesian producers, under pressure from a discount on their beans in world markets, to boost production and quality. According to executive director of the Indonesian Cocoa Association (Inca) Siswoputranto, the rising prices has
      Reuter  -  416 words
    • 334 15 Reuter FOR THE FIRST TIME in years, wheat harvests are generally looking good worldwide and the prospect of oversupply is pushing prices down dose to four-year lows. Even impoverished India, once a perennial begging bowl, is trying to export wheat in a world market which
      Reuter  -  334 words
    • 842 15 REPORTS THE PRICE OF TIN rose three sen to M 515.38 per kg on the Kuala Lumpur Tin Market yesterday owing to a better performance on the London Metal Exchange. Dealers said demand was good and miners were willing to sell. Europeans, Japanese and
      842 words
  • 1275 15 MS (M In Mm) Noon Close Int 1 RSS Prompt 153.2VI54 25N Int 1 RSS Oct 90 I53.7VI54.25 Int 1 RSS Nov I54.S0/I55.00 Int 2 RSS OP 149.00/151 00N Int 3 RSS OP I44.S0/I46.S0N Int 4 RSS OP 140.50/142.50N Int 5 RSS OP 136.00/I38.00N I53.7VI54.75N I54.2VI54.75N 15S.00/I S5.S0N 149.30/151.50N
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  • Page 15 Advertisements
    • 760 15 NOTICES IN ID MATTES or w m GOMP ANDES ACT, CAP. HAND IN IB MATTES OP YANG-SEN HOLDINGS (PTE) LTV (le Mwlin' Veleatary At an Extraordinary Oen- eral Meeting of the members of TANO-SEN HOLDINGS (PTE) LTD duly convened and held at Block 9024 Übl Road 3 Avenue 2, #04-60
      760 words
    • 310 15 M THE MATTERS OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF GIP GU AN ENGINEERING PTE LTD llakAikMakMA*jl In ilia (incorporate hi in# Republic of Singapore) (In Liquidation) MEMBERS' VOLUNTARY WMOMGUP NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Compftriies Act, (Chapter 50) inat
      310 words
    • 16 15 Read Chartpoint, a guide to j investing in the stock market. Every Saturday in Business Times.
      16 words

  • 560 16  -  Hearing on the Maintenance of Religious Harmony Bill By Anna Teo THREE MORE parties the Islamic Religious Organisation (MUIS), an undergraduate political association and a member of the InterReligious Organisation have lent their support, for the Maintenance of Religious Harmony Bill.
    560 words
  • 78 16 MR JUSTICE YONG PUNG HOW, sworn in as Chief Justice at the Istana yesterday, reading the affirmation of office as President Wee Kim Wee and Chief Justice Wee Chong Jin look on. Mr Justice Yong's distinguished career has included stints as chairman and chief executive officer
    78 words
  • 253 16 THE PETROCHEMICAL complex here will use more liquefied petroleum gas to lessen its reliance on naphtha, another petroleum product, as a feedstock for its plant. Already about 20 per cent of its feedstock needs are met by using LPG, disclosed Petrochemical
    253 words
  • 305 16 Reuter CAMBODIA's exiled guerilla coalition leader Prince Norodom Sihanouk offered Phnom Penh a new powersharing deal yesterday in an effort to break the deadlock reached at talks this week. But guerilla officials said Cambodian groups allied to Prince Sihanouk were not
    Reuter  -  305 words
  • 389 16 AFP THE TAIWAN government is to inject NT$B.6 billion (US$3l5 million) from a labour pension fund into the sagging stock market as part of its moves to resurrect the once-booming bourse, Finance Minister Wang Chienshien said yesterday. The authorities would also allow qualified
    AFP  -  389 words
  • 382 16  -  By Kenneth James MALAYSIA will be Asia's fastest growing economy this year as double-digit growth, its highest in 14 years, sets the country well on its way to becoming the next Asian newly industrialising economy (NIE), a London-based research firm has predicted. The
    382 words
  • 288 16 Reuter A GROWING public argument in Thailand between two senior Cabinet ministers is threatening to break up the seven-party coalition of Prime Minister Chatichai Choonhavan. Parliamentary sources said yesterday that the conflict between Interior Minister Banharn Silapa-archa and Chalerm Yoobamrung, a minister
    Reuter  -  288 words
  • 162 16 Reuter PRESIDENT Corazon Aquino of the Philippines raised oil prices yesterday by an average of 32 per cent, sparking immediate fears of a fresh coup attempt and threats of a general strike by the country's labour an<l transport organisations. In a separate ment, police used tear
    Reuter  -  162 words
  • 146 16 PRIME MINISTER Lee Kuan Yew and his wife will pay an official visit to the Soviet Union at the invitation of Prime Minister Nikolai Ryzhkov from tomorrow to Sep 27. Mr Lee last visited Moscow in September 1970. Mr Ryzhkov was in Singapore in
    146 words
  • Page 16 Advertisements

  • Executive Lifestyle
    • 1430 17  -  Is the time right for made-in-Singapore TV programmes not done by SBC? Samuel Ee assesses the situation with a look at the first non-SBC-produced documentary made by a locally based film company Samuel Ee LAST weekend, SBC made a major breakthrough it broadcast a news programme
      1,430 words
    • STRAWS IN THE WIND
      • 74 17 POSTMEN are to familiar with Santa daus that letters to him pet delivered, address or no address. But one postman appears to know a secretary so well that when he had an envelope with her name but another company's name and no address, it went straight to
        74 words
      • 18 17 SOMEONE in the office received a t-shiit from Sen Frsnasoo which said: "Hard Wok Cafe."
        18 words
      • 55 17 IS THIS A blatant show of wealth or what? Alan Bond's wife, who drives a Mercedes coupe with fake leopardskm covers and sometimes hops on a jet to come shoppingin Singapore after lunch, also wears lots of diamonds. When questioned upon her showineas, she replied: "Why
        55 words
      • 64 17 PRESS RELEASES are setting more detailed these days. One company which sent out a general invitation to a press luncheon even included the menu, which comprised a choice of grilled spring rhfifM itmh chop, steak or panfried seabream. Do you have a straw to share with us?
        64 words
    • OPINIONS
      • 847 18  -  Anna Teo makes an 'unprogressive' case for maintaining the institution of premier government schools Anna Teo 9 Anna Teo is a writer with BTs politics and economics desk. THE other day, I ran into one of my former teachers. It's been 12 years since I sat
        847 words
      • 500 18 LETTERS TO THE EDITOR WE REFER to the article, "An exhibition is nowhere without the software" (BT Sep 4). It appears to be an attempt to discredit our exhibition, Comtec '90. By saying "something was missing..." and asking, "Where was the
        500 words
      • 185 18  -  Ong Yew Huat Director Ernst A Young Consultants I WOULD LIKE to thank Mr B C Tan for his comments on the article, "So you want to work with a venture capitalist" (Spotlight on Management column, BT Aug 27). First, I
        185 words
      • 118 18  -  Manmohan Singh IT HAS BEEN more than a month since Iraq invaded Kuwait. The effects of the increase in oil prices are already being fdt by Singaporeans, that is rises in petrol prices, LPG gas, and possible revision of bus and taxi
        118 words
      • 136 18  -  Richard Pigossi YOUR REVIEW of the newly-restored Alkaff Mansion (BT Sep 15-16) is downright malicious, if not simply in bad taste. Rather than offering well-deserved congratulations to the promoters who have brought this splendid old structure back to life, and done it so well,
        136 words
      • 116 18  -  D W Distant I WOULD LIKE to make one more observation to the points raised by your article "Let's make that ride even smoother" (BT Sep 15-16). Can the Mass Rapid Transit Corporation put up signs overlooking the escalators
        116 words
      • 1038 18  - Merger the cure for the paralysis of partition Harish Mehta, whose family migrated from Pakistan to India during the partition of the subcontinent, says that he like millions of otner subcontinentals still has his roots in Pakistan would like to see the reunification of the two countries Harish Mehta Harxsh
        1,038 words
    • SPORTS
      • 751 19  -  By Cassandra How ASK Vitas Gerulaitis who his all-time favourite male tennis player is and he will give you a long pause. But ask him who his favourite female tennis player is and you will not be surprised at the spontaneity of his answer. Here
        751 words
      • 431 19 AFP IRELAND'S David Feherty proved he is determined to defend his BMW International Open title, when he took the lead with a spectacular first round 62 on Thursday for the second year running. Feherty, whose 1989 course record spurred him to a start-to-finish third
        AFP  -  431 words
      • 340 19 AP ITs an unfamiliar situation for the once powerful Swedish Davis Cup team. After reaching seven straight finals a record in the modern Davis Cup era the world's No 1 player Stefan Edberg and company must win a relegation match over Finland
        AP  -  340 words
      • 322 19  -  By Cassandra How WHAT sets the Blue Canyon Country Club in Phuket apart from any other is the natural landscaping and the superb course layout that will make it one of the region's best greens come June 1991. Unlike any other courses, this one
        322 words
      • SIDE LINES
        • 67 19 MIDDLESEX won the county championship in style on Thursday, with an innings victory over Sussex at Hove. The newly crowned champions bowled out Sussex for 167, with medium pacer Simon Hughes having last man Rod Bunting Ibw for nought, for victory by one innings and 57
          67 words
        • 58 19 SWEDEN'S Kenneth Eriksson powered his Mitsubishi Galant into an opening day lead at the Australian Rally on Thursday, as a series of crashes saw French hero Didier Auriol forced to abandon. Eriksson edged into a six second lead over last year's winner Juha Kankkunen in a
          58 words
        • 66 19 SEVERIANO Ballesteros suffered his biggest defeat in IS. years in Wentworth on Thursday when he was hammered eight and six by Ulsterman Ronan Rafferty in the first: round of the World Match Hay tournament. Rafferty hit record-breaking 10 under 62 over the opening 18 holes, atpart
          66 words
        • 50 19 STEFFI Graf routed Katerina Maleeva 6-4, 6-1 on Thur£* day to win the first annual Gold and Diamond Baft* women's tennis tournament in the Canary Islands. Bulgarian won the first three games before Graf got cjg track, losing only two more games the rest of the matcth^**
          50 words
        • 59 19 JANET ANDERSON had the third hole-in-one of h*£ career on Thursday, but had to settle for a share of tSC first-round lead in the MBS LPGA Classic with Catv Morse, who hit all 18 greens in regulation. Anderson andF Morse were tied at 4-under-par 68 after one
          59 words
      • 410 19 The Economist WHICH sportsman earned the most in 1989 from product endorsements and appearance fees? Mr Boris Becker, the Wimbledon tennis champion? Mr Nick Faldo, winner of the United States Masters golf tournament? Neither, according to Sportsbiz, a new book by Mr
        The Economist  -  410 words
    • EPICURE
      • Article, Illustration
        709 20  -  Quek Swee Peng compiles a list of stockists selling the Mid-Autumn Festival favourite tid-bit Quek Swee Peng Dynasty Singapore 320 Orchard Road Td 734-9900 Dynasty Forecourt 12pm-Bpm; Tang Court Restaurant 11.30am--2.30pm, 6.30pm-10.30pm; Dynasty Fine Foods Corner 10am10pm Till Oct 3 Egg yolk mooncakes from $26 to $32 (for box
        709 words
    • LIFESTYLE 1
      • 1049 21  -  Florence Fabricant marvels at a wonder of nature how bees make honey Florence Fabricant NYT DISHES sweetened with honey, probably the oldest sweetener known to man, grace tables the world over on Jewish new years. Dark honey cake and a pyramid of honey-dipped nuggets of dough, or teiglach,
        NYT  -  1,049 words
      • 819 21  -  WINE By N K Yong FROM jazz musician (drummer) and composer to wine producer with the fastest growing reputation amongst the younger generation of wine producers, all within the short span of five years is not bad going. The fact that you happen to
        819 words
      • 447 21  -  BRIDGE By Tan Boon Tiong THE ART of deception when practised successfully is one of the most satisfying manoeuvres that can be employed by the defence. One technique is to refuse to win when declarer takes an unsuccessful finesse. When this happens declarer would often mis-play the
        447 words
      • 780 22  -  Paul Ramani meets a women's rights activist who's feisty, yet gentle Paul Ramani KLAUS Hoffarth used to think that a woman's role in life was to cook, go to church and make babies. Until he married Victoria Bantug, who didn't exactly burn her bra in front
        Punch  -  780 words
      • 686 22  -  BOOK REVIEW By Chuang Peck Ming What I Sow At The Revolution. By Peggv Noonan. total. HoaseTs34.9o. 353 pages REMEMBER those memorable lines that flowed from the lips of Ronald Reagan and George Bush "the Challenger crew was pulling us into the future", "slipped the
        686 words
      • 273 22 LOCAL MUSICIAN Grace Wu, together with some of her past and present students and visiting British pianist Geoffrey Pratley, will be performing at a concert tomorrow evening at the Singapore Conference Hall. Their "Music for One Piano and Two Pianos" will commence with Grace Wu
        273 words
      • 493 22  -  Dexter Lee finds out things about teachers he never learned at school Dexter Lee GEORGE Bernard Shaw was the one who said: "He who can, does. He who cannot, teaches." The Necessary Stage looks like a group that 'does'. For their production, Those Who Can't,
        493 words
    • PURSUITS
      • 844 23  -  Facing an anxiety attack at her first visit to a psychiatrist, Cassandra How reaches for a sedative but gets some good advice instead Cassandra How There must be something about seeing a psychiatrist that makes some people feel guilty about their mothers. It could be a Freudian slip
        Punch  -  844 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • 146 24 OCBC Rank, advising Bon vests on its bid for Tonhow Industries in July 1988, has argued that the acquisition could provide the Bon vests group with a steady source of recurrent income. Poor Bonvests. Soon after the takeover, Tonhow declared a lower-than-projected profit due
          146 words
        • 134 24 WE HEAR Kay Hian, which is expected to announce its listing plan next week, will be following the tradition set by its stockbroking rivals Kim Eng and GK Goh by offering some of its shares to the company's staff. Until the Iraqi invasion, this was considered
          134 words
        • 185 24 CALL IT timing or just coincidence. Whatever it is, while the Commercial Affairs Department (CAD) co-hosts a seminar on market regulations this week, it is also grabbing front-page limelight with its activities in court. Some 100 international legal talents were treated to accounts of
          185 words
      • 513 24  -  CHAW By Najeeb Jarhom •Mr Jarhom is the research manager of Fraser Roach A Co Pte Ltd AS the outcome of the Gulf crisis is still anybody's guess, prospects are bleak that the Singapore stock market will stabilise and find its bottom soon. The negative
        513 words
      • 909 24  -  With stocks in the doldrums, how will SPC's share offer fare? Lilian Ang evaluates the oil firm's strengths and weaknesses in these uncertain times Lilian Ang ALL EYES are on Singapore Petroleum Company's recentlylaunched public share offer. The first of six oil refiners in Singapore to go
        909 words
      • 728 24  -  Quak Hiang Whai presents the recommendations of Citicorp Vickers in a declining stock market Quak Hiang Whai REDUCE your exposure to Singapore stocks and go for Malaysian counters! This is the advice of investment research house Citicorp Vickers on share investment under
        728 words
      • 885 25  -  It's time to switch to low-yielding European currencies, says Shearson Lehman Hutton's managing director Sandy Eu Sandy Eu Traditionally, we only think of the "Commonwealth currencies" as high yielders. Deposits denominated in Australian dollar, Canadian dollar, British pound, and New Zealand dollar are all
        885 words
      • 741 25 Investors in the French and German bourses were poised to sell even before the Gulf crisis The Economist A FEW MONTHS ago French President Francois Mitterrand condemned those who, he said, "make money while they sleep". Now those wealthy French investors he spoke of
        The Economist  -  741 words
      • 742 25  -  Bearish signs are all over the technical charts, reports Rupert Oldham Rupert Oldham Reuter Triple tops, flags, and waves the standard technical terms of the chartist suggest the world's major stock markets may have Anther to fall. The markets in the UK, US,
        Reuter  -  742 words
    • JOBS
      • 1088 26  -  A J Leow meets a Finn who wanted to be a football then dabbled in politics, and found his niche in businessv A J Leow Fourteen years ago, a young Finn gave in to his wanderlust, took a break from studies and headed to
        1,088 words
      • 263 26 Carl-Otto Beckrid has been appointed managing director of the Swedish merchant bank, Svenska Handelsbanken Asia Ltd and also general manager of Svenska Handelsbanken Singapore. Roger Bevaa has been appointed manager of the Singapore branch of Commercial Union Assurance Co pic. Prior to this, he was deputy general manager
        263 words
    • 974 27 Cfty FlgM ETA FI(M ETD City Fig* ETA FlgM ETD SQ115 2005 SQ114 1745 Afci »aM MH617 2050 MH616 1915 MaM* SO226 2035 MH621 2150 SQ118 1945 V <*8i 2005 SQ119 2205 SQ120 2100 kmtKtam SQ23 1350 KL838 2115 SQ121 2335 2150 KUB7 1430 SQ24 2200
      974 words
    • THE TRAVEL PAGE
      • 483 27 LETTER FROM PAKISTAN A BULLET whines past the hero's head and kicks up a puff of dust. "Cover me!" he snarls, and fire back. The wily Pathan falls. "Got what he deserved!" The Fort is relieved. The Governor personally congratulates Captain Carruthers (played by Errol
        483 words
      • 153 27 As at 3pa yesterday: Local dollars to oae unit of foreign uaicacy Currencies Bid Offer Australian dollar I.4S4 1.474 Canadian dollar 1.517 1.537 NZ dollar 1.084 I.I 186 Sterling pound 3.263 3.305 US dollar 1.7645 1.7745 Local Mhn to 100 wits ct foreign cwrcucy Austrian schilling 15.80
        153 words
      • 81 27 Duration Title Venue Organiser Td Duration Title Venue Onmiacr Tlj Sep 19-24 International Italy COSMIT 2/*****61 FioMhint Lighting Techniques Fxhifrfp" Sep 25-30 International Spain Feria Muest- 6/3S***** Sep 24-30 International Bulgaria Foire 1/*****146 Furniture Fair reno Interna Technical Fair Internationale aattal De Plovdiv Oct 1-12 Siimpore Business
        81 words
    • TIME OFF
      • 200 28 Grace Wu Pianoforte Concert Music for one piano and two pianos by local pianist Grace Wu, her students and visiting British pianist Geoffrey Pratley. They will perform works by various composers, including Beethoven, Brahms, Chopin, Debussy and Liszt. Venue: Singapore Conference Hall. Tomorrow (Sep 23), spm. Tickets: $5, $3
        200 words
      • Article, Illustration
        286 28  -  Compiled by K Jayanti Art By The Inch An exhibition which includes drawings, gouaches, etchings, lithographs, scrigraphs by some artists Chandra, Corneille, Yusof Ghani, Puipiah and many others. Venue: Art Affairs, 35 Duxton Road, Singapore 0208. Ixat day. I lam-6pm Masters of The Female Form An unusual and masterly
        286 words
    • Article, Illustration
      553 28 A Night on the Town. When you're young, footloose and fancy free, who needs to be bogged down babysitting? Not this group of youngsters, who don't feed babies to trees but still have fun with them. Inconsequential teen caper. Orchard: 11; 1.30; 4; 6.45; 9.15. BM m a Wlra.
      553 words
  • Page 17 Advertisements
    • 298 17 (i o a Today, one watch reigns supreme. ,mJW JtßLStr i "j* i\: *'»'>•:,/ f l Ibv r*rt I-r ■'iL.iSaai j}** I l gr»MeM• 1583 'v* 55jl Ultra-thm Royal Oak in 18kt gold, diamonds set bezel and bracelet, full pave dial. BA *****/790 BA (Ladies) BA ***** 699 BA (Gents).
      298 words

  • Page 18 Advertisements
    • 30 18 BT welcomes letters from you. Z Address them to: Z The Editor, Z Times House Z Business Times 390 Kim Seng Road, Spore 0923 Letters should include your contact numbers.
      30 words
  • Page 18 Miscellaneous
    • 38 18 DOONESBURY BY GARRY TRUDEAU PETER, TM SOMEWHERE N THE (MELL.I GUESS THE&G(£STIBS- WE FOUNPTHM tteMOONTROL MJP&ST, TAUQN6 TOAPMiCfIP- SON UE IBAFNEP FFCM THOSE L tain eplaiour. captain, op&tfimonsishoueas/tt is BAstcAw/squat, any ctther &TTA PHMH THING JHZ jQ L&bSONe?
      38 words

  • Page 19 Advertisements
    • 54 19 I Local Engineering Company specialises I in machining and fabrication works for over 25 years is for sale for $7.8 million Existing clients include shipyards. I oil-field, off-shore and in-shore contractors and many manufacturing companies etc. Sale price include existing business. I capital, workshop, machineries, vehicles equipment, assets and goodwill
      54 words
  • Page 19 Miscellaneous

  • Page 20 Advertisements
    • 213 20 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE. DINE AND ENTERTAIN.. WHERE TO WINE, DINE... Some like it hot Spicv Szechuan dishes served at lunch and dinner daily in the cool, inviting atmosphere of Szechuan Court. Reservation, 330 8310 or 338 8585 ext *****/6. «*—"t «a CKX VMM *£*m
      213 words
    • 415 20 r nyimeGs J TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? (If CAUFORNIAN J BUFFET J BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ fllA BAND TO PUT YOU IN A MERRY MORNING 1/ MOOD. EVEN A LEGO PLAYGROUND 1- NEXT DOOR FOR THE SMALL ONES. 1 BRUNCH AT NUTMEGS
      415 words
    • 303 20 Every nite's \i»lcntinc's Nite Love is in the air at Club ®As yoo dance cheek-to-cheek to all the oidfMhioned tova songs. Wateh swirrrwear fashion show every Monday to Wednesday from 9 pm. "Classics" live band performs every Sunday from 8 pm onwards. 1 ITS all happening at Club 51 Plaza
      303 words
    • 285 20 WE'VE JUST BRED A NEW WINNER at The Stables BhHHPf The Businessmen's Derby Lunch Abo A delectable choice of ipptdwi and soup. followed closely by your pick from five delightful main dishes and a selection at desserts.' Finish i■in.i. with coffee or tea. Only $28.00+ Closed for lunch on Sundays
      285 words

  • Page 21 Advertisements
    • 238 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY BRUNCH: 11AM TO 2.30PM. mm IHf lwadults $31.00 i¥ i *f,„ CHILDREN $19.00 Every Sunday, Hubcrtus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and children. A® Century
      238 words
    • 115 21 T||/X||/ a Rcslauranl and I KVSIIV/Y Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Romantic Candlelight Dinner With Karaoke at Troika Happy Hours Daily $12.00++ One for one drinks Restaurant Hours Mondays to Saturdays DBi7v°^ e Hour 9 1130 am to 130pm 7.00pm to 2.00 am Dinner: r Mondays to Sundays
      115 words


  • Page 23 Advertisements
    • 68 23 mk JM IBii w 6)y J £*a "J '»vitumiLimn »ujiijut>i>( hhi MWa/artfjO i»mi ?»»uc I titHi m Mimtcii 1 Vj»' P iffff L^S I MM MYCIN 9 Bk. ENGLAND 3 B -^-feSBHI OISTILLCD IN LONDON. J I ALEXANDER GORDON COMPANY j& U BP —|L 1 K Ki' a! "Ti avx?
      68 words


  • Page 25 Advertisements
    • 35 25 Whatever the 21st century holds, have the assurance of financial security and peace of mind. *|> At Great Eastern Life, we're committed to taking m Great Eastern Life a We take care of you for life
      35 words
    • 625 25 aooow>RniwE«w>owgimr HONG LEONG FINANCE SINGAPORE FINANCE TAATS UVrt HOME ONE OR MORE OF MORE FREE GIFTS 4goB ITEMS I2m*rn andaw /KVf Better A More Prizes In Our Grand Lucky Draw Tifcr home bottles of Otard XO, VSOP mu— mum nmmmm* md/or Cuvee Red/Whae Waie to celebrate Ttint a Double Dwrtal
      625 words

  • Page 26 Advertisements
    • 731 26 m ILlllJlUllliLl CAN YOU LEAD THE LEADER? If, mfi rf! tl g* Our clicnt is a subsidiary of a highly successful international company engaged in O the innovation and manufacture of electronic *\l components and high technology products. L/llfCClOlf Th e company is expanding its business further on a worldwide
      731 words
    • 325 26 DHL IN THE NEWS AdvwMa«i»nrT DHL EXPANDS INTO INDOCHINA With rich natural nabona»y, DHL h« set up offices service tor our ongoing docu-' resources and abundant supply In Cambodia, Laos, Vietnam ments since we started business of labour, Indochina has been and Myanmar. In Vietnam." said the Managing 7 seen
      325 words

  • Page 27 Advertisements
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  • Page 27 Miscellaneous
    • 296 27 5 A pink embroidered name ~aH on a serviette (6) I I" I I j 8 Slip into the red, having j UJ—— become worse again (8) j j i i 9'; l fill the cases including M 10 Rasher philosopher (5) U U Hfi 11 Henry dejected, even poeti-
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  • Page 28 Miscellaneous
    • 1715 28 TODAY'S TV 12.00 Mh Mews (M). 12.1S PM Tlm SRk Hm4 The HMMaUMMfIH the Edge of Ik* Vaaglra PartMr, 10.20 Faton By the Sm, 12.25p«, pa, SBCB PreThe things they do for You would think that having 205 Df.mTpilihoa syy Two gang bosses kill the power elicit fear from other
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    • 578 28 MOVIES ON TV Mather Le4e, Mea, 5.30 pai, have money, win his boss's TY2 girlfriend and elude his suspiWhy would Chariton Heston cious wife. If this sounds like want to act in a movie about could only happen in a a Scottish miner who wants Cantonese movie, hop yourto get
      578 words