The Business Times, 23 February 1991
1991-02-23
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The Business Times
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Title Section11 1991-02-23 1 Business Times MCI (P) 16/12/90 Weekend Edition, February 23-24 1991 75*11 words
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NEWS & MARKETS SUMMARY
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Article68 1991-02-23 1 STATEMENTS will be made on the Gulf War in all capitals of the US-led alliance calling for Iraq to withdraw from Kuwait by today, Cable News Network reported yesterday. The statements were expected to be made at the same time President George Bush was68 words
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Article38 1991-02-23 1 SHARE PRICES opened lower on Wall Street yesterday with the Dow Jones Industrials index off 3.71 points to 2,888.12 in the first Ave minutes of trading. The Dow closed down 7.18 points at 2,891.83 on Thursday.38 words
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Article41 1991-02-23 1 TRADING was quiet in London yesterday, with dealers showing little reaction to an announcement that a land war had started in the Gulf. By 1215 GMT, the Footsie index stood at 2,315.7, up just 3.2 points on Thursday's close.41 words
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Article22 1991-02-23 1 SINGAPORE and Indonesia have signed a memorandum of understanding for a proposed electronic linkage between the two countries Page 222 words
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Article22 1991-02-23 1 STEEL MANUFACTURER Amalgamated Steel Mills plans to raise M 589.5 million from the listing of its Suzuki operations Page 422 words
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Article38 1991-02-23 1 A MEMBER of the Saudi royal family, Prince Waleed Bin Talal, has agreed to invest US$59O million in Citicorp. The investment will make Prince Waleed the largest single shareholder in Citicorp, America's largest banking company Ptge638 words
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Article23 1991-02-23 1 THE GERMAN government will raise taxes from July 1, Finance Minister Theo Waigel announced in Bonn on Thursday Page 723 words
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Article, Illustration82 1991-02-23 1 Friday Change BT-MGA 680.50 7.02 Kuala Lumpur ....554.68 +0.26 Hongkong 3,475.34 -2.27 Tokyo 25,902.81 -121.56 Sydney 1,386.7 +20.6 Thursday Change New York 2,891.83 -7.18 London 2,312.4 +15.6 Exchange rates US$ SSI.7160 100 Yen SS1.3139 MS SS0.6359 Money marfcet rates Overnight 5-1/2 +5/8 3-montn 4-5/8 +1/16 London Gold AM82 words
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367 1991-02-23 1 Conrad Raj - a* Conrad Raj SINGAPORE Telecom is expected to be made a private company in October before its shares are offered to the public sometime next year. It will then no longer be a statutory board under the Ministry of Communications. Sources say that367 words
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Article, Illustration603 1991-02-23 1 Anna Teo - Yesterday in Parliament By Anna Teo THE government will strengthen each citizen's stake in Singapore's wealth and prosperity by increasing the public and private assets of Singaporeans, widening participation in policy-mak-ing, and investing more in the people. Generating economic growth and investing in the infrastructure603 words
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478 1991-02-23 1 THE WAR Agencies A SOVIET peace plan for the Gulf hung in the balance yesterday, following a cool reception from key members of the multinational alliance to Moscow's announcement that Iraq had responded positively to the proposal. The New York Times reportedAgencies - 478 words
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370 1991-02-23 1 Elaine Koh - By Elaine Koh THE COMING Marina South land sale, an issue of some concern to major developers, is more likely to proceed next year than this. This was indicated yesterday by Liu Thai Ker, chief executive of the Urban370 words
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Page 1 Advertisements
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Advertisement122 1991-02-23 1 Nikon TtMWftxld'sßnMt Photographic Syatom. COVER The majesty lingers unabated. EL 1 Aircraft Schedule EL U Commodities Cryptic Crossword El 11 Company News 4, 5 Forego Exchange 14 focus 3 Futures Options 14 Gold Prices 15 Home News 2 HK Tokyo Stocks 11 Interbank For ex Rates 14 RISE 10 Money122 words
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Advertisement37 1991-02-23 1 I OPINIONS Lost chance for Malays. EL 2 How some good may come out of the Gulf War. EL2 Regulatory blunders that helped Iraq, Pg 7 How some good may come out of the war, EL 237 words
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Advertisement15 1991-02-23 1 LIFESTYLE Fllmfest big dose of politics. EL 3 Sleek, safe, and sophisticated cars. EL 515 words
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Advertisement125 1991-02-23 1 PURSUITS Ph/4f^fk The last iw r^l red-hot resorts. The Next Lap, Pg 3 "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 rccords the world's significant moments. >' At the Olympic Games.125 words
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Advertisement18 1991-02-23 1 Nikon TheWbrtd'eFkiMt Ehotoyphlc ByHm. FINANCE Retail sector —no immediate appeal EL 8 Stocks could stay ap. EL 918 words
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Advertisement10 1991-02-23 1 JOBS The'9os: a whole new ball game. EL 10 t10 words
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HOME NEWS
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NEWS ROUNDUP
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87 1991-02-23 2 MORE flights between Singapore and Sri Lanka are in the offing. Under a new air services arrangement reached earlier this week, national carriers Singapore Airlines and Air Lanka will each be able to operate another three weekly services with any aircraft type between the two87 words
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Article32 1991-02-23 2 PRESIDENT Wee Kim Wee and Prime Minister Goh Chok Tong have sent congratulatory messages to the Sultan of Brunei on the occasion of Brunei's 7th National Day today.32 words
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Article70 1991-02-23 2 IN THE CONTINUING price war among the oil companies, Shell, Mobil, Esso, BP and Singapore Petroleum Company (SPC) yesterday reduced their pump prices. From 10pm last night, prices for premium and intermediate unleaded as well as premium leaded fell by 2.5 cents. Motorists will now70 words
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Article59 1991-02-23 2 THE Housing and Development Board will next month hand over the management and maintenance of the common areas of residential and commercial properties in Bishan, Serangoon, Holland, and Sembawang Towns to the town councils. This will be the final handing over of the estate management59 words
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Article62 1991-02-23 2 GERMAN senator Dr Berthold Leibinger, chief executive officer of Trumpf, a leading international machine tool manufacturer, will be in town to give a talk on "Why are German Machinery and Machine Tool Manufacturers so successful?" at the Sheraton Towers on Monday. The talk is organised by62 words
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Article66 1991-02-23 2 THE EIGHTH Asia-Pacific Duty-Free Conference Exhibition will be held at the Raffles City Convention Centre in May. More than 170 companies dealing in a wide range of products will be taking part in the show, which will kick off with the conference on May 20. The66 words
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577 1991-02-23 2 Anna Teo - Presidential Addenda: Labour, Health and Education Ministries By Anna Teo THE MINISTRY of Labour will extend the Central Provident Fund to more members, including the self-employed, and continue to improve services to CPF members, said Labour Minister Lee Yock Suan in his577 words
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209 1991-02-23 2 Jean Wee - By Jean Wee SOIL tests have started for the extension of the MRT network to Woodlands, an MRT Corporation spokeswoman told BT yesterday. The stretch of land between Chua Chu Kang and Yishun through Woodlands is currently under study by Soil and Foundation209 words
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226 1991-02-23 2 Rahita Elias - By Rahita Elias SINGAPORE companies can soon have quick access to Indonesian business and general data through a proposed electronic linkage between the two countries. The Indonesian Ministry of Industry's (MOI) Centre for Data Processing and Analysis and Singapore Network Services (SNS) yesterday signed a226 words
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194 1991-02-23 2 THE PORT of Singapore Authority has invested another $8.4 million in the upgrading of its mainframe computer, in anticipation of an increase in demand for its on-line computer services. Part of the increase, said a statement, was expected to come from its Portnet system, which194 words
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SHIPS IN PORT
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Article483 1991-02-23 2 hotel Way No Bb* Mwl D*ortvc VnmI Voy No Berth An** Dep*fc« K#oci#l y|||is|VAc Beilu 91/1 K32 alongside 2302/1830 C Express 028/91 K30 alongside 23.02/1500 Mahkota Exp *****1 M5A 2202/1715 2302/2300 Yan Myo Aye 1/91 M5C 22 02/1715 22 02/2100 Yatana 1 1/91.2 M5C 2202/2115 2202/2359 Kota483 words
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Article1347 1991-02-23 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Record Bookii|/Babnce Rslts Sfy Voy No Etb/Btr Period From To From Ad Goncharov 10S91 25/0800 2 22/1700 23/0659 23/0900 3 23/0700 23/1159 23/1400 4 23/1200 23/1459 23/1700 Aka Mum 467N 24/1445 1 22/1500 22/1659 22/1900 3 23/0700 23/1159 23/1400 41,347 words
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FOCUS
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Article, Illustration452 1991-02-23 3 Anna Teo - Singapore's long-term plans are encapsulated in 'The Next Lap', excerpts of which appear on this page By Anna Teo THE NAMES of the contributors run in small print over eight pages at the back of the book. Singapore: The Next Lap builds452 words
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Article, Illustration2153 1991-02-23 3 Making it to the top league that's the next milestone for Singapore in the race of nations. It has done quite well competing in the second league. But new strategies are needed to win the team relay. Singapore will become a business hub of the2,153 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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COMPANY BRIEFS
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87 1991-02-23 4 KIM ENG Holdings said yesterday that it has set up a wholly-owned property investment company in the US on Jan 17. The new company, called Kim Eng Properties USA, has an initial share capital of 1,000 US$l shares. Its paid-up capital will87 words
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Article127 1991-02-23 4 UNITED OVERSEAS Land is proposing a share option scheme for executives. The total number of shares which may be granted under the scheme will not be more than 5 per cent of the company's issued capital at any time, said a circular to shareholders on the127 words
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Article73 1991-02-23 4 HOTEL PLAZA Ltd is proposing an amendment to its articles of association to empower the Central Depository Pte Ltd to appoint each of its depositors as a proxy to attend and vote at any shareholders' meeting. This will start with the forthcoming annual general meeting,73 words
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Article43 1991-02-23 4 SINGAPORE Warehouse Company (Private) Ltd, a whollyowned subsidiary of Hwa Hong Corporation Ltd, had rescinded its earlier decision to purchase a UK-incorporated shelf company known as Ransomhold Ltd as the shelf company is no longer required for any purpose.43 words
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Article29 1991-02-23 4 PACIFIC Can Investment Holdings Ltd said it has sold its wholly-owned subsidiary, Cad-Cam Systems Pte Ltd, to API Systems Development Sdn Bhd for $300,000.29 words
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Article80 1991-02-23 4 TECHNOLOGY Resources Industries Bhd (formerly Roxy Electric Industries (M) Bhd) says its proposed acquisition of a 23.4 per cent stake in Malaysian Helicopter Services Bhd for MS 111.15 million will be partly financed by borrowings of about Ms2l million. Replying to queries from the KLSE80 words
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Article58 1991-02-23 4 BONVESTS Holdings has completed documentation of its deal with hotelier Carl Kono and accountant Hau Wai Lam to manage hotels, resorts and clubs. Gold vein Video, a Bonvests unit, was renamed Henrick International Hotels and Resorts last December. Henrick, in which Bonvests has a 7558 words
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213 1991-02-23 4 FIRST Lepanto Corporation (FLC), First Capital Corporation's (FCC) subsidiary in the Philippines, will make its public share offer from Feb 25 to Mar 8. FLC, a joint venture between FCC and Manilabased Lepanto Consolidated Mining, is offering a total of 250 million shares constituting213 words
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412 1991-02-23 4 William Chia - By William Chia DIVERSIFIED steel manufacturer Amalgamated Steel Mills is planning to raise M 589.5 million (about Sss7 million) from the listing of its Suzuki car and motorcycle operations. The company said it had received approval from the authorities to restructure its transport412 words
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260 1991-02-23 4 Bernama THE Cabinet has directed Malaysia Airlines (MAS) to initiate an urgent revamp of its services and management and also to study the possibility of separating the domestic and international services, a source said in Kuala Lumpur yesterday. The directive came followingBernama - 260 words
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361 1991-02-23 4 THE Stock Exchange of Singapore has queried United Industrial Corporation and Gold Coin Ltd on the recent sharp increases in the turnover of their shares. In letters to the two companies, the SES reminded them that immediate disclosure should be made about the361 words
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Article, Illustration351 1991-02-23 4 Selva Kumar - From Selva Kumar in BATAM INDONESIA hopes to entice international airlines to Batam's Hang Nadim airport with cheap fuel. It also plans to have direct flights between Batam and Tokyo. "The aim is to develop the Hang Nadim airport to be351 words
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253 1991-02-23 4 HOT on the heels of the Singapore developers, the Dutch are now also going for a piece of the action in Batam. Yesterday, the Netherlands Development Finance Company (FMO) and Indonesia's Citramas signed an agreement to jointly develop the Kabil Industrial Estate. This is the253 words
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584 1991-02-23 4 MET RENONG's proposed sale of 25 million shares representing a 50 per cent stake in Projek Lebuhrava Utara-Sela-tan (PLUS) to Faber Group is likely to reap an extraordinary gain of about Ms63o million (*****.2 million). Together with its proposedMET - 584 words
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Page 4 Advertisements
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Advertisement158 1991-02-23 4 t THEGROWTH TRIANGLE A Special Business Times Survey February 26,1991 The Growth Triangle began casually as an idea. Singapore. Batam. Johor. Singapore has a rich pool of managerial talent. Batam and Johor are rich in natural resources, land and labour. Combine the three and they make a triangle of growth.158 words
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COMPANY NEWS
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491 1991-02-23 5 Agencies IN ITS first tactical step to fend off a hostile takeover attempt by AT&T, NCR Corp moved on Thursday to muster the loyalty of its employees. It announced it had created a US$5OO million (SsBss million) employee stock ownership planAgencies - 491 words
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Article, Illustration401 1991-02-23 5 THE STOCK Exchange of Thailand yesterday deliberated radical changes in the listing procedures and qualifications of companies applying to become listed and authorised stocks, according to The Nation. Meanwhile, it has approved the listing of Thai Heat Exchange Co and Thai Pathana Industry401 words
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Article270 1991-02-23 5 AIR Products Industry Co (APIC), a major industrial gas producer, plans to apply for listing on the Stock Exchange of Thailand as a prior condition to Union Carbide Industrial Gases of New York acquiring a 25 per cent stake in the company, the Bangkok Post reported.270 words
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Article, Illustration372 1991-02-23 5 AP CONVICTED junk bond financier Michael Milken will serve his sentence at a mini-mum-security prison in the San Francisco Bay area of California, court documents show. Milken, subject of one of the most intense white collar criminal prosecutions in history, has been assigned to aAP - 372 words
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282 1991-02-23 5 UPI TROUBLED advertising agency Saatchi Saatchi on Thursday announced a £60 million (Ss2oo million) refinancing and restructuring package to placate its bankers and auditors. Saatchi's also said it had asked its bankers for a £30 million increase in its lending facilities and an extension ofUPI - 282 words
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Article217 1991-02-23 5 Reuter DAIMLER-BENZ AG, Germany's biggest industrial company, said it expects group net profits in 1990 to be slightly above 1.7 billion marks (551.96 billion). Profits will be "somewhat better, but not dramatically better", management board member Gerhard Liener told reporters in Vienna on Thursday to markReuter - 217 words
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COMPANY BRIEFS
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96 1991-02-23 5 A SYNDICATED loan agreement was signed in Bangkok on Thursday between two major banks and a newly established Thai-French joint venture firm to produce cold rolling stainless steel in southeastern Thailand. Under the agreement signed by Bangkok Bank Ltd and the French Banque Indosuez with96 words
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Article64 1991-02-23 5 WESTERN Australia's Supreme Court cleared the way onThursday for Bond Corp to proceed immediately with a Assoo million (***** million) damages claim against the state. Bond Corp is suing the Western Australian state government and others for alleged breach of contract and misleading and deceptive64 words
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Article76 1991-02-23 5 SOUTHLAND Corp won final approval on Thursday for its restructuring plan, enabling the parent of the bankrupt 7-, Eleven convenience store chain to emerge from US bankrupt- cy protection. A US bankruptcy court gave Southland the go-ahead to sell 70 per cent of its common stock to76 words
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Article94 1991-02-23 5 PHILIPPINE beer and food conglomerate San Miguel Corp will issue 400 million pesos (Ss24 million) worth of commercial paper next week to raise funds for its expansion programme, the lead underwriter for the float said. Asian Bank Corp president Francisco Dizon told reporters the commercial paper94 words
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Article46 1991-02-23 5 NORMANDY Resources and associate Poseidon Ltd said they plan to merge to form a new company to be known as Normandy Poseidon Ltd. Under a scheme of arrangement, Poseidon shareholders will receive four Normandy Poseidon shares for every three Poseidon shares held.46 words
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Article77 1991-02-23 5 FORD Motor Co has been forced to shut down its plant in the Mexican city for a week because of the US recession, the head of the company's Mexican subsidiary said. Nicolas Scheele, president of Ford Motor Company de Mexico SA de CV said77 words
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Article68 1991-02-23 5 ASIL NADIR, chairman of collapsed conglomerate Polly Peck International, has dropped a case against Britain's Serious Fraud Office (SFO), which has brought 18 criminal charges against him, a solicitor acting for Nadir said on Thursday. He began proceedings after the SFO declined to give him68 words
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Page 5 Advertisements
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Advertisement112 1991-02-23 5 SINGAPORT9I A BT Special Survey on Singapore's shipping industry March £6,1991 For the third year running, Business Times will publish a special supplement to coincide with Singapore's premier shipping event SingaPort. This year, the supplement will give an insight Into the future of various sectors in the shipping Industry and112 words
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FINANCIAL NEWS
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SMALL CHANGE
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92 1991-02-23 6 THE FEDERAL Reserve Board has approved a proposal by HSBC Holdings Ltd of Hongkong to become a bank holding company by acquiring all the voting shares of the Hongkong and Shanghai Banking Corp. HSBC, which has assets of about US$l44 billion (*****92 words
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Article70 1991-02-23 6 FOUR Japanese trust banks said a recent lowering of their debt ratings by Standard and Poor's Corp (S&P) was regrettable and does not reflect the health of their businesses. S&P said on Tuesday it had downgraded the debt ratings of Mitsubishi Trust Banking Corp, Mitsui Trust70 words
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Article68 1991-02-23 6 THE Senate approved legislation designed to help US negotiators open up foreign financial markets to American firms. The bill would give the US Treasury Secretary authority to retaliate against countries discriminating against American banks, securities brokers and dealers and investment advisers. The Treasury has identified68 words
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Article108 1991-02-23 6 JAPAN'S floating short-term prime rate, introduced two years ago as part of moves to liberalise financial markets, is winning the status of a benchmark in domestic corporate lending, bankers and the government say."Nearly 100 per cent of our short-term loans are now based on the108 words
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306 1991-02-23 6 THE VOLUNTARY liquidation of Hongkong's Far East Insurance this week is seen by many analysts as the latest result of a blitz by the Commissioner of Insurance to clean up the sector, the South China Morning Post reported. As evidence, they cite306 words
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260 1991-02-23 6 NYT PRINCE Walccd bin Talal, the 35-ycar-old Saudi who is investing US$59O million in Citicorp, once declared in an effusive moment that he would "love to be a corporate raider." Walccd was unavailable in Saudi Arabia on Thursday, but his advisers were assuring CiticorpNYT - 260 words
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Article, Illustration495 1991-02-23 6 DBS Bank weekly currency review 9.5 US$/mark: The bulls attempt a comeback THE US dollar's strength over the last two weeks went beyond our expectations, giving signs of a short-term US dollar rally as it broke resistances of 1.4625 and 1.4810. After posting a low of495 words
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628 1991-02-23 6 Florence Chong - Animosity is underscored by frustrated shareholders turning up at AGMs to hackle bank executives From Florence Chong in SYDNEY IF BANKS are supposed to be pillars of a society, then those pillars are surely crumbling in Australia today. As their influence in628 words
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586 1991-02-23 6 Investment will make Saudi prince largest single shareholder NYT CITICORP, America's largest banking company, said on Thursday that a member of the Saudi royal family, Prince Walccd Bin Talal, had agreed to invest US$59O million (S$ 1.01 billion). The investment will make Prince WalccdNYT - 586 words
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376 1991-02-23 6 AP CHASE Manhattan Corp announced on Thursday an agreement to sell its asset management subsidiary to Union Bank of Switzerland, a deal that will bring US$lOO million (Ssl7l million) to the nation's third largest banking company. The sale comes as many of theAP - 376 words
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489 1991-02-23 6 Reuter LLOYDS Merchant Bank Ltd's profits reflect a tightlyfocused operation that does not try to compete on a global scale with the investment banking operations of its competitors, the bank's chairman David Home said. "We would much rather be smaller than large," heReuter - 489 words
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Page 6 Miscellaneous
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Miscellaneous36 1991-02-23 6 DolIar$ Non$en$e m- n® —■> "Oh. I've been a rich man, a poor man, a beggar man, a thief, a doctor, a lawyer and now I'd like to try my hand at heading a native-American tribal organization."36 words
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THE REGION/THE WORLD
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Article, Illustration376 1991-02-23 7 AFP FINANCE Minister Theo Waigel announced in Bonn on Thursday that the government would raise taxes as of July I. He told a news conference that the boost is due to two reasons: "The Gulf War and the financial effortAFP - 376 words
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323 1991-02-23 7 Reuter THE DAY after President George Bush released his Administration's national energy strategy, the US unv,eiled a plan offering 101 million ha of the US Outer Continental Shelf for oil and gas drilling. The draft five-year plan from the Interior Department's MineralsReuter - 323 words
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266 1991-02-23 7 AFP HALF a nullion jobs will be lost this year as the Philippines undergoes an economic stabilisation programme, but the figure would more than double if no reforms were made. Finance Secretary Jesus Estanislao said yesterday. Manila has pledged to reduce the massiveAFP - 266 words
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WORLD WATCH
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76 1991-02-23 7 AUSTRALIAN wool sales will resume next Monday for the first time since the wool floor price scheme was suspended, the Australian Wool Corp (AWC) announced in Melbourne. The sale of 138,400 bales in Sydney, Melbourne and Frcmantle will be the first without a76 words
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Article59 1991-02-23 7 THE Philippines expects foreign investment to increase this year after it fell sharply the past two years because of political uncertainty, officials said. They said government reforms and an improved investment climate are likely to lure back foreign investors whose confidence in Manila had been dampened59 words
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Article81 1991-02-23 7 INDONESIA and China yesterday signed a Memorandum of Understanding (MOU) for co-operation in geology and mineral resources, officials in Jakarta said. The MOU, the second bilateral agreement since the two countries resumed diplomatic relations in August, was signed by Chinese Minister for Geology and Mineral Resources Zhu81 words
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Article71 1991-02-23 7 CHINA has banned the import of a wide range of consumer goods to conserve valuable foreign currency, a semi-official Chinese News Service reported in Hongkong on Friday. The China State Administration of Exchange Control has forbidden hard currency to be issued for the import of cigarettes,71 words
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Article55 1991-02-23 7 AUSTRALIAN Treasurer Paul Keating announced yesterday that the government expects a Budget surplus of only Asl.7 billion (5ft2.3 billion) this year, compared with $8.1 billion originally. Mr Keating largely blamed the recession for the target shortfall. The Budget was "performing its normal role of cushioning the55 words
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Article60 1991-02-23 7 HONGKONG wants to extend agreements on textile exports now that the Uruguay Round of global trade talks are set to resume, a trade official said. Mr Chau Tak-Hay, DirectorGeneral of Trade, welcomed news that the deadlock on the General Agreement on Tariffs and Trade (Gatt)60 words
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647 1991-02-23 7 AFP NEW ZEALAND'S latest experiment in economic reform, nicknamed "Rutheuthanasia" after Finance Minister Ruth Richardson, appears likely to plunge the country into a depression, following years of recession. On April 30, cuts will be applied to a wide range of welfare benefits.AFP - 647 words
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Article, Illustration517 1991-02-23 7 Reuter TRADE NEGOTIATORS held meetings on Thursday to restart the Uruguay Round of talks on liberalising global commerce following a breakthrough on agriculture. The director-general of the General Agreement on Tariffs and Trade (Gatt), Arthur Dunkel, plans to set out a programme ofReuter - 517 words
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Article, Illustration476 1991-02-23 7 THE J^UILIL aIL AP MIKHAIL GORBACHEV appeared to pull another diplomatic rabbit from his magic hat yesterday with the Kremlin's announcement that Iraq had accepted his plan to end the Gulf War. His strong diplomatic effort sent a surge of hope throughout the world andAP - 476 words
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271 1991-02-23 7 Reuter BLUNDERS by federal bank regulators helped Iraq get billions of dollars in loans from an Italian bank operating in the US. an American lawmaker said in Washington on Thursday. Henry Gonzalez, chairman of the House of Representatives Banking Committee, told Congress that loans toReuter - 271 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4473 1991-02-23 8 Lilian Ang - By Lilian Ang THE Straits Times Industrials Index crossed the 1,400-mark for the first time since early August last year, setting the pace for what could be another exciting spell of trading next week. On the broader market, share prices closed mixed, with falls4,473 words
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Article4142 1991-02-23 9 Main Board (iold Coin 262 48 22 4% SIA Foreign 1600 V) H 9% KatMnsun 366 28 (8 1% Singniannc 50* 474 24 5.3% SIA 1170 >20 17% SPH Foreign 1130 (20 18% FAN 840 20 f 2.4% rimes I'uh 378 20 f 5.6% NatSteel4,142 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4055 1991-02-23 10 Bernama KUALA LUMPUR share prices yesterday ended mixed on some late afternoon support after being weighed down by profit-taking activity most of the day amid caution caused by the uncertain outlook for peace in the Gulf. The KLSE Composite Index finishedBernama - 4,055 words
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Page 10 Advertisements
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Advertisement138 1991-02-23 10 You could win! TOP PRIZE A Simmons Beautyrest Backare It (Extra Firm) mattress complete with the boxspring divan and the timber headboard worth over $3,000 r~ Plus J 10 Consolation Prizes A Simmons towel set comprising b3th toW6 faC6 and hand towe s ["HOME DECOR SUBSCRIPTION ORDER FORM ~j Please138 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2285 1991-02-23 11 Reuter TOKYO STOCKS closed easier yesterday following news of a positive Iraqi response and a cool US reaction to a Soviet peace plan, brokers said. However, fatigue following strong gains earlier this month was the main reason investors clung to theReuter - 2,285 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2208 1991-02-23 11 AFP HONGKONG share priccs closed mixed in quiet trading yesterday, with the Hang Seng Index losing 2.27 points or 0.06 per cent to close the week's trading at 3,475.34. Turnover also shrank to HKSI.2B billion, against Thursday's HKSI.46 billion. NewsAFP - 2,208 words
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Page 11 Advertisements
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Advertisement15 1991-02-23 11 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times15 words
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REGIONAL STOCK MARKETS
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Aussie stocks rise sharply on peace hopes
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Article329 1991-02-23 12 NEWS of the Soviet announcement that Iraq had reacted positively to Moscow's plan for peace in the Gulf triggered strong buying which sent the Australian sharemarket to a sharply higher close yesterday. After three sessions of falls, the market rallied when the news came out at mid-morning and continued329 words
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Article98 1991-02-23 12 INDICES TURNOVER Clow Feb 22 I'reVHNIN SYDNEY All Ordinaries Index All Industrials Index All Resources Index turnover (million) 1.186.7 2.1876 778.9 105.48 1.366.1 2.153.4 768 4 64 39 t- 20.6 34.2 H0.5 Ml.09 BANGKOK SHT Index Turnover (million h.ihi) 791.64 5.157 ***** 5.061 t-15 08 f 96 JAKARTA omposite likk'i98 words
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Article817 1991-02-23 12 Australia A Cents VoKDO) AC Minerals I 4651 ACM Gold 37 unch 4901 ANZ Bank 349 2 ***** Abcrf'oylc 340 12 21 A del Sim 55 9 7435 Advancc Hank 528 8 1890 Alcan 140 5 240 Amcor 440 4 ***** Ampul Ex 246 2 888 Argo 218 +1 793817 words
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Article729 1991-02-23 12 BANGKOK stocks advanced sharply yesterday but closed off highs after a volatile session with banks and finance firms leading the rally, brokers said. The SET Index retreated from a 23point gain during the first hour to close 15.08 points higher at 791.64. Siam Cement added four baht to 658,729 words
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383 1991-02-23 12 In local currency In S$ In US$ day year day year day yew t KB 212 Index change change change change change ch lange World 397.3 0.1 10 9 0.0 III 0.0 12.2 JEAFE 520.8 -02 10.8 0.0 12.0 -0.1 13 1 Europe 402 8383 words
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Article608 1991-02-23 12 JAKARTA stocks, ignoring indecisiveness on major overseas bourses, soared yesterday, ending a week that has sent the index up nearly 40 points. Brokers say a return of foreigners, in search of cheap shares pushed down by the Gulf War, triggered the rise with speculators jumping on to the bandwagon.608 words
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Article520 1991-02-23 12 PHILIPPINE shares climbed yesterday after reports that Iraq had accepted a Soviet peace proposal, but the surge was dampened by worries about whether the United States would approve the plan to end the Gulf War. The Manila Stock Exchange Composite Index rose 24.80 points to end above the 900-point520 words
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Article902 1991-02-23 12 EQUITY prices on the Korean stock exchange had a brief spurt in active trading yesterday on news of Iraqi agreement to withdraw from Kuwait, but the surge was shortly halted and prices settled back on uncertain peace prospects. The Composite Stock Price Index of the exchange gained 4 points902 words
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Article87 1991-02-23 12 IN WELLINGTON, news that Iraq had responded positively to a Soviet Union peace plan took the New Zealand share market slightly higher on moderate volumes at the close, after leading stocks had eased in moming trade. "Really the turnaround followed the announcement of Iraq's position," said Craig Greenwood87 words
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Article382 1991-02-23 12 TAIWAN share prices rose in the opening minutes yesterday but soon plunged to close sharply lower on heavy selling.' The Weighted Index lost 308.31 points (six per cent) to finish at 4,873.67 compared with Thursday's 5,181.98 close. Turnover rose to a very high NTSB9.S; billion from NT$7B billion. Dealers382 words
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Page 12 Advertisements
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Advertisement12 1991-02-23 12 The Bombay report was not available Management in Business Times every Monday12 words
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WORLD STOCK MARKETS
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Wall Street stocks ease in mixed trading
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Article, Illustration1333 1991-02-23 13 NEW YORK stock prices turned mixed on Thursday. Suggesting that investors were not buying or selling much of anything to any great extent, the Dow Jones Industrial Average of 30 blue chips fell 7.18 points, to 2,891.83, for the third loss in as many days. Soviet-Iraqi negotiations on1,333 words
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Article, Illustration807 1991-02-23 13 LONDON stocks were hesitant yesterday morning, opening lower after losses on Wall Street and in Tokyo, but then firming as operators followed events in the Gulf. At 1015 GMT and local time, the Footsie 100-Share Index was up 3.2 points or 0.1 per cent at 2,315.6 points, after having807 words
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Article304 1991-02-23 13 DUTCH shares started slightly firmer in moderate trade yesterday, indifferent to the latest peace moves in the Gulf and in line with a fairly steady dollar and bond market, dealers said. The CBS General Tendency Index was 0.2 firmer at 87.2, having gone as high as 87.5 in the304 words
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Article196 1991-02-23 13 GERMAN share prices started narrowly mixed yesterday as operators cautiously chose to avoid the market amid uncertainties about the outcome of a Soviet peace initiative. "People have stopped expecting things. Nobody wants go long or short before the weekend," said one trader. After 20 minutes of trade the blue196 words
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Article160 1991-02-23 13 ITALIAN stocks climbed further at the opening yesterday after Thursday's gains, as Carlo Dc Benedetti's holding CIR and computer maker Olivetti enlivened initial trading, brokers said. "Everybody was expecting a mixed market, but a surprising buying wave emerged," one broker commented. Continued rumours that De Benedetti may be negotiating160 words
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Article155 1991-02-23 13 FRENCH share prices advanced steadily in subdued early trade yesterday, pausing just below the 1991 high, as domestic investors flush with cash continued to pump money into the stock market. The CAC-40 Index started at 1,716.42, up 6.70 points or 0.39 per cent from Thursday night's close. At 0921155 words
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Article318 1991-02-23 13 SWISS shares opened little changed yesterday with a lower bias. Brokers said investors were acting cautiously after the cool US reaction to the Soviet Gulf peace plan. Iraq has responded positively to the plan. The United States said it was consulting its allies before responding further. Earlier the White318 words
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Article98 1991-02-23 13 STOCKHOLM shares rose broadly in active early trade yesterday and dealers said investors were cautiously optimistic the Gulf war might end soon. The Soviet and Iraqi foreign ministers met today to discuss a possible timetable for Iraq's withdrawal from Kuwait. But the US and Britain said the Soviet plan98 words
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Article145 1991-02-23 13 BELGIAN shares yesterday opened slightly higher in a mood of tension and extreme caution due to confusion over reports of a positive Iraqi response to Soviet peace plans. "No-one knows if it's war or peace," one dealer said. The market rose 0.36 per cent to 140 million francs in145 words
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Article333 1991-02-23 13 IN JOHANNESBURG, the stock market was barely changed in subdued morning trade yesterday as many traders stayed on the sidelines ahead of the weekend to await clarity on recent developments in the Gulf conflict. At 10:15 the All-Share Index was virtually unmoved at 2,774 from Thursday's 2,775 close. The333 words
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Article218 1991-02-23 13 TORONTO stocks closed mixed on Thursday after sharp losses in Laidlaw and a few selected stocks and sectors sent blue chips reeling while the broad market closed higher, dealers said. "Technically, there is no indication to suggest this upswing is over yet," said Don Vialoux. The Composite Index lost218 words
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Article104 1991-02-23 13 INDICES TURNOVER Feb 21 (Imt IVcvious F/NEW YORK IXw» Junes 2.841.83 2.899 01 -7 18 NYSE Financi.il 141.70 141 M f0.36 S&l' 300 364 97 V.5.14 -0.17 Turnover (million) 180 8 185 7 -49 LONDON Financial Times JO 1.844 6 1.826 2 H8 4 FTSF. 100 2.3124 2.2% 8 f104 words
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Article43 1991-02-23 13 Vienna Feb 21 Asch Akg Molding 3800 -30 E. Allgcm (I'rcO 3620 -70 Jungbun/I. 9000 -100 Lacndcitank (I'rcO 570 10 Lcnsing 1500 unch Lcykam 470 -10 Montana Ocsterr. Brau 4050 -50 Scmpcrit 125 unch Stcyr 373 -2 Vcilschcr 718 +3 Source: Austrian Laenderbank43 words
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CURRENCY, MONEY & FUTURES MARKETS
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1238 1991-02-23 14 FOREX MARKET REPORTS THE deutschemark was firmer against the weaker dollar in Frankfurt yesterday, but little changed against other currencies as markets digested the latest news about the Gulf war. Soviet spokesman Vitaly Ignatenko said yesterday Iraq had responded positively to1,238 words
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Article399 1991-02-23 14 Cross rates Feb 22 I IJSS SS M$ Dm Yen SFr AS NZS USS 1.7180 2.6985 1.4910 131.10 0.5105 1.2745 1.2690 1.6639 S$ 0.5821 1.5707 0.8679 0.7631 0.2971 0.7419 0.7387 ***** MS 0.3706 63.66 0.5525 0.4858 0.1892 0.4723 0.4703 ***** Dm 0.6707 1.1522 1.8099 87.93 0.3424 0399 words
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Article560 1991-02-23 14 Interbank rates SS Bid Offer Overnight 5 1/2 5 5/8 1-month 4 5/8 4 3/4 2-ntonlh 4 5/8 4 3/4 3-month 4 5/8 4 3/4 Overnight mode: 4-11/16 US$ Bid Offer 7 days 6 9/16 6 11/16 1 month 6 1/2 6 9/16 2 months 6 3/4 6560 words
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424 1991-02-23 14 FT GERMANY will resist France's ideas for moving quickly towards significant changcs in European currency co-operation, in a document likely to be published soon in Bonn for the European Monetary Union (EMU) talks. Bonn's proposals for a draft treaty on EMU, whichFT - 424 words
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Article161 1991-02-23 14 Reuter KEEN demand from outside Europe for a spate of jumbo ECU Eurobonds launched last week highlights the increasing globalisation of what was once a minor niche market, said an official at Morgan Stanley International. "It has become an institutionally oriented, global market dominatedReuter - 161 words
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Article1125 1991-02-23 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Mar 91 93.26 93.26 93.23 93.24 2377 ***** 2348 Jun 91 93 36 93.36 93.32 93.33 8874 ***** 4054 Sep 91 93.16 93.16 93.13 93.13 1250 5680 1052 Dec 91 92.75 92.75 92 73 92.73 629 5842 7951,125 words
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COMMODITY PRICES
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427 1991-02-23 15 THE GULF AAA A D Reuter RESTORING Kuwait's crudc oil production to preinvasion levels of 1.5 million barrels per day will be a long haul for those planning the country's reconstruction, Kuwaiti oil industry sources said. Extinguishing oil well tires caused by IraqiReuter - 427 words
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234 1991-02-23 15 AP INCREASED output in Bangladesh, India and China has boosted Asia's 1990 rice'production to about 480 million tons, more than one per cent higher than in 1989, the UN Food and Agriculture Organisation said. The main crop is planted late inAP - 234 words
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829 1991-02-23 15 REPORT HONGKONG: Gold ended weaker on early selling by overseas investors although it had retraced some losses as short-covering emerged in late trade, dealers said. Bullion fell to an intraday low of about U*****.00/50 an ounce but ended at $359.50/5360.00 an ounce,829 words
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Article1392 1991-02-23 15 Rubber Feb 22 s cents/kg Noon Close Int 1 RSS Prompt 141.7V142.75N 14I.50/142.50N Int 1 RSS Mar 91 143.50/144.00 143.25/143.75 Int 1 RSS Apr 146.50/147.00 146.25/146.75 Int 2 RSS OP I4I.00/I43.00N 141 00/143.00N Int 3 RSS OP I36.0Q/138.00N I36.00/I38.00N Int 4 RSS OP 132.00/134.00N 132.00/134.00N Int 5 RSS OP1,392 words
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Page 15 Advertisements
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Advertisement11 1991-02-23 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Advertisement99 1991-02-23 15 NOTICES EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... Ask For Jennifer *****37 Noorani *****02 Veronica *****42 FEBRUARY FORWARD L *Jr^f Uwiiiiim lr—<t P»i* Mt MfMt fv wjrt LOVE'S 6 STAGES HOW YOU CAN GET THAT DREAM JOB "glam" jobs and finds out what's beyond the 7 DEADLY SKIN skin99 words
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Advertisement335 1991-02-23 15 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF PERIODICALS AND MAGAZINES PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 5001 Beach Road #06-02 Golden Mile Complex Singapore 071§ on the 22nd day oI335 words
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390 1991-02-23 16 John Tan - Promotional efforts to focus on short-haul markets By John Tan LEADERS of the local travel industry emerged from a five-hour meeting yesterday with a stop-gap package to counter the slowdown in the tourist inflow. The plan is to focus promotional efforts on390 words
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184 1991-02-23 16 Reuter MALAYSIAN rubber and plantations company Genting Bhd nearly doubled its stake in London International Group pic to 7.5 per cent, in a move which the British condoms to beauty aids maker saw as friendly. In a disclosure to London's International Stock Exchange, LIGReuter - 184 words
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518 1991-02-23 16 Reuter CHINA'S economy grew by a respectable 5 per cent last year, but it is threatened by serious problems including mounting losses in state industries and inflationary pressures, a senior official said in Beijing yesterday. "The foundation of the economic upturn is weak," ZhangReuter - 518 words
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Article, Illustration49 1991-02-23 16 Indonesia's first McDonald's fast-food restaurant was swamped with customers on its opening day yesterday. The curious and the hungry lined up for hours to get their first taste of McDonald's hamburgers, while cars arriving at the restaurant caused traffic jams in central Jakarta.49 words
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293 1991-02-23 16 Reuter INTERNATIONAL BANKS, already shaken by mounting bad debts in real estate, industry and the Third World, have been dealt a new blow by multi-million dollar losses on commodity lending, bankers say in London. Some banks, aghast at the growing pool of red ink,Reuter - 293 words
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Page 16 Advertisements
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Advertisement98 1991-02-23 16 CHARTPOINT Every Saturday in Business Times m is I «S a 1 t A m A A I JM M Bill 1 f M-W. B 1 I 1 T iT«V J R 1 111 V A Afl Ha J I Running an ad in the Yellow Pages gives you the98 words
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Advertisement6 1991-02-23 16 CHARTPOINT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1188 1991-02-23 17 Harish Mehta - Harish Mehta meets a real-life maharajah, whose lost kingdom has hardly affected him Harish Mehta ITS NOT EASY being a maharajah. For most of them, life hasn't been the same since the late Indian prime minister Indira Gandhi took away their annual paycheques. Gandhi, who had no1,188 words
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STRAWS IN THE WIND
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Article64 1991-02-23 17 DINERS at the Pan Pacific's Seafood Place last weekend were astonished when three little goats entered with their keeper, dressed in red pyjamas. Presumably, the hotel was innovatively ushering-in the Year of the Goat. Some questioned, though, if it wis violating health regulatiogS. But one diner expressed sympathy64 words
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Article61 1991-02-23 17 ARE people so used 6> watching gory movies that tQi accident has to be sufficiently horrific before it arouses any interest? Take this line, translated from a story in a Citf-nese-language paper, which quotes a witness to a traffic accident: "He said the victim did not bleed very61 words
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Article89 1991-02-23 17 HERE'S the latest in Saddam jokes. Concerned about his son Udey's poor Engliifo, Saddam called his chief intelligence services and asked who the best English tutor in Iraq was. "IbrahiJrt, of Baghdad U," was the frply. "Get Ibrahim," Saddam ordered. The next evening, he called his lackey again and89 words
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OPINIONS
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Article, Illustration687 1991-02-23 18 Ong Wee Hock - Ong Wee Hock discusses some long-term repercussions Ong Wee Hock The writer, now a business consultant, worked for many years as an economic planner WAR is a colossal tragedy which has vast technological, economic and political implications before, during and687 words
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Article, Illustration1175 1991-02-23 18 Tan Tarn How - Recently, The Straits Times conducted a poll to find out how Singaporeans viewed the Gulf War. When the results were readers complained that Malays had been unfairly singled out for having views which were different from other Singaporeans. Tan Tarn How feels that the Malay1,175 words
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693 1991-02-23 18 Lam Yew Tong - Lam Yew Tong I WOULD like to share my experience on the housing loan interest rate issue with your readers. At the same time, "Poor Consumer" (whose letter appeared in BT, Feb 2-3) should not feel that bad as there are Poorer Consumers, like me,693 words
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212 1991-02-23 18 Chia Shi Teck - LETTERS TO THE EDITOR Chia Shi Teck Group Managing Director HeShe Holdings Pte Ltd I REFER to your article "Disquiet over proposed changes to textile quotas" (BT, Feb 22). Your reporter is correct in saying that 25 per cent of the annual212 words
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Article450 1991-02-23 18 Tan Keng Sooi - Tan Keng Sooi FEBRUARY 15 is a special day for Singapore. On this day in 1942, the British surrendered Singapore to the Japanese invasion force. It is also a special day for me. On that day, my father who had joined the British military450 words
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EPICURE
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Article667 1991-02-23 20 Quek Swee Peng - Yet another restaurant has decided to include set-lunches on its daily menu. Quek Swee Peng gives the details. Quek Swee Peng CHANG JIANG has just celebrated its second anniversary. An upmarket restaurant at Goodwood Park Hotel, it raised a rumpus when it first opened in 1989 as667 words
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LIFESTYLE
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Article, Illustration887 1991-02-23 19 Claire Leow - Claire Leow takes a look at what's in store at the film festival next month Claire Leow COME MARCH, everyone will have a good excuse for skipping any dreaded social get-togethers. The 4th Singapore International Film Festival will have you glued to the silver screen for887 words
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Article, Illustration632 1991-02-23 19 Ringo Liew - CD Review By Ringo Liew GARTH BROOKS: No Fences Over the last year, Garth Brooks has emerged as one of country music's brightest new stars. With a voice as clear as a gurgling mountain stream and the endearing unpretentiousness, at times,632 words
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Article308 1991-02-23 19 SOMEBODY must have spread the word that Singapore is earnest about developing its film industry. The agenda for the fringe events at the coming film festival sounds tantalising enough. Tom Schlesinger, American screenwriter and script consultant, will hold a script-writing workshop on March 29 and308 words
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Article, Illustration1092 1991-02-23 21 Stuart Marshall - Stuart Marshall puts two new biggies one Japanese, the other Swedish to the test and comes away smiling Stuart Marshall FT YET another luxuriously furnished, highperformance three-litre saloon will arrive on the UK market before too long to challenge established favourites. The front-wheel driven MitsubishiFT; picture by counesy of Cycle & Cariage - 1,092 words
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Article, Illustration654 1991-02-23 21 N K Yong - N K Yong relives his palatal encounter with the Chambertins N K Yong IN ALL of Burgundy, the Grands Crus Chambertin and its twin Chambertin Clos de Beze (or simply Clos de Beze), reign supreme. They have been called "The King of654 words
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Article, Illustration373 1991-02-23 21 Margot Fonteyn dies AP SHE WAS the young, innocent Juliet and the vulnerable Chloe. But Dame Margot Fonteyn's best role, a part for which she will long be remembered, was that of Aurora in The Sleeping Beauty. Lingering images of her steely footwork and poetic prancesAP - 373 words
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PURSUITS
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Article, Illustration1114 1991-02-23 22 Chris Ward - Once they were just sunny and fun. Now they're full of funny militants. With AK-475. Chris Ward gives the lowdown on war-zone unfriendly hot spots Chris Ward Punch IN THE DAYS when holidaymakers were called travellers and they reached their destinations by Imperial Flying Boat, places like BeirutPunch - 1,114 words
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Article, Illustration843 1991-02-23 22 Samuel Ee - You don't have to be an expert to recognise a good waffle, but you might need some nelp to find them. Samuel Ee helps you take the trial and error out of waffle-hunting Samuel Ee TO "WAFFLE" can mean to spout gibberish. But a good waffle843 words
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SPORTS
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Article, Illustration560 1991-02-23 23 Cassandra How - Chen establishes his superiority with another consistent round of 69 By Cassandra How AUSTRALIAN Peter Senior struck the ball with a vengeance on the second day of the Epson Singapore Open Golf Championship 1991 to make the 147-cut. His bogeyfree round of 68 for560 words
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Article, Illustration413 1991-02-23 23 THEY started serious golf when they were twelve years old, under the influence of their father, a respectable 3handicapper. Aaron Meeks and Eric Meeks used to cause double vision back home in Los Angeles but are eager to admit that they are really similar413 words
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SIDE LINES
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109 1991-02-23 23 FRANKY CHAN of Hongkong will play world champion Stephen Hendry of Scotland in the fourth round of the British Open snooker championship. Chan knocked out defending champion Bob Chaperon in the third round and Hendry, the British Open champion in 1988 said after109 words
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Article98 1991-02-23 23 GERMANY'S Davis Cup captain Niki Pilic said on Thritaday he had been asked by Boris Becker to take over asjfc coach, and indicated that he was willing to accept the oflw. "Nothing is definite yet. Boris asked me to do it and are many indications that98 words
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Article85 1991-02-23 23 LIVERPOOL and England forward John Barnes said Thursday he was wrestling with the toughest decision of 4{it career whether to transfer to a European club at the of the season or stay at Anfield. "Playing on the Continfm would make me a better player but there85 words
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Article75 1991-02-23 23 ITALY, hitting all of its targets but one, won the meii'J team competition on Thursday well ahead of Norway at tp* World Biathlon Championships in Finland. The Italiai) quartet of Hubert Leitgeb, Gottlieb Taschler, Simon metz and Willfrid Pallhuber was timed in one hour SP.S seconds75 words
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Article59 1991-02-23 23 GEORGIA state investigators have uncovered a network of counterfeiters who sold bogus tickets to the Masters golf tournament as far away as Japan. The Georgia Bureau of Investigation (GBI) announced on Thursday that it had completed a three-year probe into the counterfeiting of Masters tickets, which59 words
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Article66 1991-02-23 23 AUSTRALIAN squash ace Rodney Martin launched an astonishing attack on former world champion Rofcs Norman in Cardiff on Thursday after knocking the New Zealander out of the Welsh Classic. The world number frve from Sydney, who was beaten by Norman in last year's World Open,66 words
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174 1991-02-23 23 AP MARK MOULAND of Wales, who hadn't picked up a golf club in three months, eagled a par-4 second hole on Thursday as par of a 5-un-der-par 67 to take the firstround lead of the Gerona Open in Spain. Peter Mitchell and Jeremy Bennett,AP - 174 words
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Article366 1991-02-23 23 AP STEFAN EDBERG needed all the experience and confidence of the top-ranked player in the world to overcome Omar Camporese 6-3, 7-6 on Thursday and reach the quarterfinals of the USSI-million (S$ 1.7 million) Eurocard Classics tennis tournament. Edberg, who regained the No 1 ranking lastAP - 366 words
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Article, Illustration323 1991-02-23 23 Cassandra How - By Cassandra How IVAN LENDL will be in Singapore for the Volvo Supertennis Challenge in September. But Australian Sports Marketing (ASM), which revealed this during a press conference yesterday, said that Lendl's opponent has yet to be finalised. Lendl, who has had an illustrious 13-year323 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration729 1991-02-23 24 Loretta McLaughlan - This week saw optimistic investors, and even hotels enjoyed a fillip. The retail sector, however, continued to contend with unfavourable factors, reports Loretta McLaughlan Loretta McLaughlan JUDGING from the stockmarket's movements and volume this week, it's clear that investors are going wholeheartedly for729 words
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DON'T QUOTE ME!
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184 1991-02-23 24 THERE is a move on in Hongkong to abolish stamp duties on shares. It was initiated by Sassoon head Toby Heale an<t predictably gained wide support among brokers. According to the South China Morning Post, they have been yelling thai abolition184 words
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Article161 1991-02-23 24 LETS HOPE Singapore hotels will never get into as sorry a state as their counterparts in North Queensland. Hoteliers there are trying so hard to drum up more tourist dollars after the recent cyclone and flooding that one resort is offering money to guests161 words
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Article113 1991-02-23 24 THE PEOPLE running Diners Card are mounting an aggressive promotion to get more members and well they, should. A group of businessmen went to have their good luck Yu Shenft a few days ago, and were told that the price of the dish would be halved if113 words
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199 1991-02-23 24 Reuter NEW ZEALAND'S central bank expccts the remarkably steady New Zealand dollar to soften this year as domestic interest rates continue to fall and the economy weakens. But Reserve Bank governor Don Brash said he would not intervene to support the currency unlessReuter - 199 words
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Article624 1991-02-23 24 Prices (as at 21X91) Conversion terms Premium^ Exsin V (discount) ■V1 Amount Shan Lnstk Exer price K«^r*7 a Ul *9 Gevty* Kjjjl Company issued (m units) Wits Conv ■ilMJ Cash □3 Lnstk 2 Date Q| ralo vslut H rhI c&cwt Causeway Irrv Chuan Hup Chuan Hup624 words
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100 1991-02-23 24 The jardine group shares are lodged with the Hongkong branch register and the Jersey branch register. The Jersey branch consists of three separate sections which are kept in the United Kingdom, Singapore and Australia. An investor who wishes to trade between registers has to100 words
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Article, Illustration480 1991-02-23 24 Magdalene Ng - By Magdalene Ng Trading scripless in Jardine group shares a la Singapore style looks complicated. But it need not necessarily be so. Transferring shares between Singapore and Hongkong involves at most three forms and five days. And ultimately, transaction cost is considerably lower here though turnaround480 words
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Article, Illustration580 1991-02-23 24 Najeeb Jarhom - CHART By Najeeb Jarhom Najeeb Jarhom is research manager of Fraser Roach Co Pte Ltd THE Straits Times Industrials Index has completed a twothirds retracement of its 482point loss from 1,558 on the eve of Iraq's invasion of Kuwait in August to its half-hourlySource: Fraser Roach - 580 words
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Article, Illustration842 1991-02-23 25 S N Vasuki - But for how long? S N Vasuki finds out from the experts what the ideal portfolio one should cultivate to cushion a possible fall S N Vasuki THE Singapore stockmarket bull has been on a rampage ever since the Gulf War started in mid-January.842 words
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740 1991-02-23 25 Dora Cheok - Dora Cheok on that final, all-important document Dora Cheok The writer is manager, Legal Private Clients, of Standard Chartered Bank Trustee Singapore Ltd AWILL is the only legal way a person can have the final say in the disposal of his740 words
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529 1991-02-23 25 Alan Street - TAKING COVER By Alan Street Professor Street is with the NTI. This article was contributed by the Life Insurance Association of Singapore TOTAL investments of Singapore's life insurance companies totalled well over $3.5 billion as at the end of last year. Clearly, the529 words
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JOBS
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Article1478 1991-02-23 26 John Watt - New problems need new solutions. With an economic slowdown hanging over the world, companies have to review their forecasts and strategies. Ana this will affect the job of the personnel manager. John Watt, personnel director of ICI Asia Pacific, offers some advice John1,478 words
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278 1991-02-23 26 THE HATCHETS may still be swinging in the City of London. But a survey of indicators of pay in the City's banks suggests, reports the Financial Times, that the senior staff whose necks arc spared arc still enviably well oIY. The survey, conducted278 words
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Article, Illustration432 1991-02-23 26 Dane Starkey is the new general manager of Specialix Ptc Ltd. He will head its regional sales and marketing office, based in Singapore. Mr Starkey has held senior positions in the computer industry in several countries, directing operations for software and systems integration companies as well as working432 words
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Article1075 1991-02-23 27 City FMgM ETA FMgkt ETD City FMgM ETA Flight ETD SQ228 QF81 1910 2010 QF82 2115 SQI15 MH617 MH619 SQ117 SQ119 2005 2050 2135 2205 2335 SQ116 MH618 SQ118 MH620 MH645 1945 2045 2100 2140 r^u RJ83 0350 2235 AwtmUm SQ23 1345 KL838 2150 AI411 22451,075 words
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THE TRAVEL PAGE
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Article, Illustration445 1991-02-23 27 LETTER FROM KATHMANDU MUSIC is a main artery of Nepal. It is an import a nt hauntingly beautiful accompaniment to life itself. It follows a man from birth, through courtship and marriage, attends his religious ceremonies and harvests, follows him abroad and welcomes him445 words
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Article146 1991-02-23 27 As at 3pm yesterday: Local dollar* to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3440 1.3640 Canadian dollar I.47SO 1.4950 NZ dollar 1.0200 1.0500 Sterling pound 3.3450 3.3750 US dollar 1.7120 1.7270 local dollar* to 100 units of foreign currency Austrian schilling 16.10 17.10146 words
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Article72 1991-02-23 27 Duration Title Venue Organiser Tel Duration Title VenueOrganiser Td Feb 27I'hoto. Cine am) Zurich. /uspa *****5055 Feb 2814th International Milan Trade Assoc ta/ionc 02/*****04 March 4 ViJco (Exhibition Switzerland March 4 Exhibition Of Fair. Italy I'romo/ionc in /unch I'hoto. Cine. Most rc Video. Optics Feb 28International Stuttgart.72 words
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TIME OFF
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Article120 1991-02-23 28 Regular Concerts Choo Programme compoby Wagner (Die Meistersinger Overture), Dvorak (Cello Concerto op 104), and (ConcerHalt. March Curry Favour comedy with food as the theme by The Drama Toilay Bpm The Singapore Guitar Quartet quartet in 1987 together Tiong Kiat. Gillian Tan and Lily Lcong. The concert will work120 words
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Article, Illustration232 1991-02-23 28 K Jayanti - Compiled by K Jayanti a_* r.uikwuumwm by Han Jin Wei, Wang Qi, and £cn Y l t rec a us ar sls Lianing China. The displayed are in °n Conttoyj,,- Exhibition: Th* Man tyMSty The Han Dynasty was one of China's longest and strongest. On show at this exhibition232 words
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Article, Illustration405 1991-02-23 28 Don't Tell Her It's Me Steven Guttenberg keeps his hair long, wears leather and rides a motorbike. But instead of turning the girls on, he only succeeds in looking like a biker groupie. So Jami Gertz and Shelley Long have to teach him the right way to win a405 words
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Page 17 Advertisements
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Advertisement92 1991-02-23 17 ifl ONIY AT Singapore THE HOUR Gl ASS lucky Pla/a Tel '*****01 Scotls Tel **********8 Cenlrepo.nl Tel 7V***** 601 Peninsula Plaza Tel *****09/*****61 Palais Renaissance Tel *****62 Changi Airport Terminal I Transit lounge Tel *****69/0 Malaysia THt HOUR CI ASS lot lOCenlre Kuala lumpur Tel *****1620 Vow Chuan Plaza Kuala92 words
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Page 18 Advertisements
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Advertisement26 1991-02-23 18 BT welcomes letters from you. Address them to: The Editor, Business Times, Times House, 390 Kim Seng Road, Singapore 0923. Letters should include your contact numbers.26 words
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Page 18 Miscellaneous
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Miscellaneous6 1991-02-23 18 DOONESBURY by garry trudeau ~ni rtm\i6 words
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Page 19 Advertisements
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Advertisement71 1991-02-23 19 Open to Trade Public Z2 nth lo!4lh APRIL 1991 _,y r WORLD TRADE CENTRE SINGAPORE J We've put together the Golf event of the year ...GOLF ASIA '91. It's the FIRST and BIGGEST International show ever! Don't miss this spectacular affair! < V)yniv.d by (yOtincx Ptc Ltd ((International Exhibition Division)71 words
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Page 20 Advertisements
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Advertisement230 1991-02-23 20 mucin Til MIIMi niHF MID HITHmUN WHEBE TO WINE, DIME MID ENTEBT/UN WHERE TO WWE, DIME nnkiik iv GENUINE PENANG FARE I LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES ATTHE NEWLY RENOVATED'PMNCKS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR230 words
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Advertisement400 1991-02-23 20 IRcyfi :|Yu Sheng lOtti February 28th Febfuaiy, 1991 Yu Sheng. a must for aN businessmen. the symbol for prosperity. A crisp and spicy raw fish salad that Is tradttlonaty eaten during the Chinese New Year season. festive specialties at RuYL Gong XI Fa Call IKAN PARANG YU SHENG $32 SALMON400 words
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Advertisement290 1991-02-23 20 Now, besides our weekend. Available only Pools ide where you get more moonlight dining! i- i Plaza Hotel 'Both buffets served from Fridays to Sundays 6.30 pm to 1030 pm -w «7b»h *mm ■•a Qy j mvjWYjprpQ COM TETEjA-TCTE TVeat yourself to our HIGH TEA BUFFET i which features over290 words
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Advertisement269 1991-02-23 20 you at The Gazebo I H}i i. Jjfj i ira r*A .^^^^^^■u|iiAnn||i|||uy^ii| ■V I^^ 1 what could be more c*e4tcHt than celebrating the Lunar New Year in Chinatown? I TIFFANY COFFEE HOUSE I 'JTFKWttJ Fcb 18 Mar 1 I fSSTWS jcnnc* VIC77S7 $18 per person issnm rrnntSK vttr?sn $22 per269 words
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Page 20 Miscellaneous
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Miscellaneous11 1991-02-23 20 L-U/VC H E O rJ V V L.~T V R E11 words
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Page 21 Advertisements
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Advertisement279 1991-02-23 21 AND ENTERTAIN I Brunch Is A Family Affair Every Sunday. I SUNDAY I BRUNCH: I HAM TO 2.30PM. I ADULTS I V $31.00ȴ I JV R CHILDREN I >' $19.00 I Every Sunday, Hubertus Grill becomes I the venue for a great Sunday family outing. I A scrumptious buffet spread279 words
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Page 23 Advertisements
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Advertisement8 1991-02-23 23 Can We Count (In Yours! r, <. r < a—8 words
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Page 25 Advertisements
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Advertisement507 1991-02-23 25 EXPRESS SHARE LOAN The easiest way of turning shares into cash on the spot It's easy to get a personal loan for any purpose, from Hong Leong Finance and Singapore Finance. Just pledge your shares# with us and you can get cash on the spot. \V ith "EXPRESS SHARE LOAN"507 words
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Page 25 Miscellaneous
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Miscellaneous54 1991-02-23 25 OLLAR$ AND NON$EN$ X f T I I 1 'I !i 1 -'.VH' I Li! u .••a«sP|ii U! r nth! i -N _*f-£ N r; y I •••---I -J *> -V ?-t y > 1 WE& < J Ku\— J I j .J ——L fc-V" It "Large sums of inherited54 words
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Page 26 Advertisements
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Advertisement91 1991-02-23 26 I FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS m Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional91 words
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Advertisement151 1991-02-23 26 DHL IN THE NEWS Advertisement DHL SPANS THE WORLD DHL was started in pany with a global network network, DHL is helping the United States in 1969 of over 1344 offices serv- companies to improve their by three men Dalsey, ing 55,000 communities in productivity and distribuHillblom and Lind who151 words
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Page 27 Advertisements
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Advertisement40 1991-02-23 27 Zurich fly to Europe with Finnair. (And the not so well-off too.) Because Finnair flies a superb twice-weekly route from Singapore to Helsinki and then over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish.40 words
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Advertisement50 1991-02-23 27 I Forget about Abbas Saad, SkS. Alistair Edwards Jf^/ or any Brazilian m 'A Mf I Turn to Craig Foster. 1 The latest addition to VjH s' /> the Singapore team. Today in the jm Weekender. I m a,nc^ muc 1 t" 6 j K Monday to Solur oy <xx>«»o««>»ooww50 words
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Page 27 Miscellaneous
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Miscellaneous216 1991-02-23 27 9lt is particularly timely to ~~~■Bl Lbl 11 Racc official on course (7) 11 Gave when caught by iT"^^' two journalists (5) 1 I I I 1 I 1 I 1 I I I even 21 Observe members who are wordy (7) 23 Sphere of (7) 24 Pointedly unwell? Fixing216 words
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Miscellaneous176 1991-02-23 27 World forecast Asia-Pacific Hi/Ix>* Cond. Auckland 24/16 Fair llangkok 34/23 Fair Beijing -2/-8 Sunny I Brunei 31/25 Fair Hongkong ***** Windy Jakarta 3(V24 Showers Kuala Lumpur 34/24 Fair Manila 30/24 Fair Melbourne 27/10 Sunny I'erth 31/19 Sunny Seoul 00/-6 Fair Sydney 28/19 Sunshine Taipei 13/10 Windy Tokyo 09/-3 Windy Wellington176 words
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Miscellaneous19 1991-02-23 27 u>hpctKKiees BeMD, Af?r*is strctch... e SMPt> OUT OF rr.BRiSTOW ro j -fcu-Re «PAP Asifep... SSL-you up Yfluiw/ eJig j£i19 words
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Page 28 Miscellaneous
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Miscellaneous1734 1991-02-23 28 TODAY'S TV visible Blob Ul Dari Sakak. 7.00 Aqa«»aat»n. 3.55 Halaaua Ntaataa. >t»l«l»J 11 7.25 Caitaral Mary. 4.M AfricaKaral Can*r. 73i MMn(M) 4.39 Aagkaaapari Vartfs Ck*. 750 Ma*kal latartaOa Excerpts 5.30 cTO. P. 5. (Cartoon). City Squeeze, 10.15pm, SBC 8 Asian Business Report from Giona F.stefan and e.OO Nam <M).1,734 words
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Miscellaneous771 1991-02-23 28 MOVIES ON TV Caau, Mm, IOJOpM, SBC 12 Norman Bates to the world It's one thing to enjoy sleep- an< reinforced Alfred Hitching but it's quite another s position as the master when you can't wake up. Ge- suspense. A black comedy nevieve Bujold plays a young ,n a desolate771 words
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