The Business Times, 20 April 1991
1991-04-20
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The Business Times
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Title Section11 1991-04-20 1 Business Times MCI (P) 16/12/90 Weekend Edition, April 20-21 1991 75*11 words
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NEWS& MARKETS
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68 1991-04-20 1 FEDERAL RESERVE policy makers agreed unanimously at their last meeting on March 26 that they may have pushed interest rates low enough to end the recession that began last summer. The Washington Post, quoting Fed officials, said Fed chairman Alan Greenspan proposed at68 words
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Article68 1991-04-20 1 HONGKONG is considering upgrading its existing airport at Kai Tak as its new airport plan, which is a thorny issue vis-a-vis China, just might be scrapped, a senior government source indicated yesterday. "Options are being looked at," he said, commenting on a report in68 words
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Article38 1991-04-20 1 US BLUE chips extended losses to new session lows before recouping some losses in choppy mid-morning trade. After dropping 22, the Dow waS off 18 to about 2981. Declines led advances by roughly eight to three.38 words
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Article46 1991-04-20 1 SHARES were lower at midday yesterday on light profittaking and expectations of a weak opening on Wall Street later. At about 1100 GMT. the FTSE 100-share index was down 14.8 points, or 0.6 per cent, at 2,523.6. Volume was a modest 290 million shares.46 words
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Article41 1991-04-20 1 THERE are five groups of bidders vying for the multi-mil-lion-dollar contract to develop an electronic road pricing system which will manage Singapore's traffic flow. The Public Works Department will make a decision by next month Page 241 words
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Article, Illustration29 1991-04-20 1 Friday Change BT-MGA 743.47 +2.70 Kuala Lumpur ....595.50 -0.06 Tokyo 26,541.97 -256.93 Hongkong 3,667.40 -31.86 Sydney 1,5196 +7.4 Ihursda) Change Ne* York 2,***** -5.20 London 2,538.4 -6.629 words
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Article22 1991-04-20 1 Exchange rates USS SSI. 7735 100 Yen SSI.2870 MS SS0.6454 Money market rates Overnight 5 5/8 3/4 3-month 4 13/16% 1/822 words
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Article40 1991-04-20 1 London Gold AM fix US$357.10 -USS4.10 Rubber S'pore Mav I45.00*/kg fO.25 M'sia May 225.50*/kg '0 50 KL Fin Turnover 65 tonnes Spot MS 14 H6 /kg +0.02 Crude palm oil Turnover 1,305 lots +537 Mav MS 768 /tonne I40 words
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Article, Illustration595 1991-04-20 1 Salil Tripathi - Fourth least costly among 22 cities worldwide By Salil Tripathi SINGAPORE emerged as the cheapest among nine Asian cities in the annual travel cost survey conducted by the Japanese National Tourist Organisation (JNTO) last year. In all, 22 cities worldwide were surveyed.Source: Japanese National Tourism Organisation's Travel Cost Survey 1990 - 595 words
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Article222 1991-04-20 1 AS EXPECTED, tourist arrivals in Singapore declined in January 1991. It was the first monthly decline since March 1986. These findings were reported in the monthly statistics on tourism compiled by the Singapore Tourist Promotion Board. The report said 432,286 tourists arrived here in January 1991,222 words
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356 1991-04-20 1 Shoeb Kagda - By Shoeb Kagda CORPORATE treasurers in Singapore have picked Standard Chartered Bank as the hank they most prefer to handle their foreign exchange requirements, according to an Asiamoney poll. Stanchart also did well in Hongkong, ranked second by the Colony's corporate treasurers for its356 words
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171 1991-04-20 1 THE SINGAPORE stock market closed a whisker higher yesterday in fairly active trading. The Straits Times Industrials Index advanced 4.24 points to close at 1530.09. As it stands, the STII is just two points below the 1532 of fateful Aug 2, 1990. On171 words
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337 1991-04-20 1 Elaine Koh - By Elaine Koh THE LONG-DELAYED statement of affairs for troubled Electro-Magnetic (S) Ltd is out, showing that the video cassette maker has a book value of $99.07 million against debts of $91.29 million. The statement of affairs is the first step337 words
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Page 1 Advertisements
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Advertisement154 1991-04-20 1 Nikon TtwWbrtd'sFinMt Photographic System. I COVER IJM" OPINIONS PURSUITS PURSUITS 3 FINANCE T JOBS Dealing* A health care Subsisting on Fashion for Stocks: Rally In search Kg bucks, MMM STi*'"'' SC&el* »ork and pby ft**"* EL 1 fr Bbvro'awiiy! EL 6 EL 7 bgooj. ELB j Aircraft Schedule EL 11154 words
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Advertisement247 1991-04-20 1 Nikon TtwWbrid'tFtoMt Photographic Syttom. HISTORY IN TIME vrJB \cu ion autunuitu in INct KfUit or KiM.'shvl I'lancUirium (itfvrnuus. tnJn uliuillv numhervtl. htmUnuuh- in INct t><>ht UnMtiHwlo autonmtu in IN ct w>!d <>r w>Ut *Uv/ Planetarium Copernicus The Planetarium by Ulysse Nardin combines with a pure The Planetarium indicates. stroke ot247 words
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HOME NEWS
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NEWS ROUNDUP
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91 1991-04-20 2 L'IIEAPER FOOD and petrol in March led to a 0.5 per cent Jccline in consumer prices o\er February 1991. Compared to he same month a year ago, the March consumer price index \as 3.8 per cent higher. Housing costs tell marginally by91 words
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Article61 1991-04-20 2 I'HE THIRTY-ONE shophouses up for rent at Smith Street in Chinatown have attracted 180 bidders, the biggest response so far for shophouses in a conservation area. Pidemco Land Ptc Ltd. the managing agent appointed by the Ministry of National Development, received several bids exceeding SlO61 words
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Article128 1991-04-20 2 MONDAY is Earth Day a day to think about planet Earth. To mark the day, Singapore Broadcasting Corporation .vill televise tomorrow from 7.50pm to 8.50pm a special •nvironment programme on Contact-Y. Sponsored by the Hongkongßank. the programme will link youths and environmental experts in Indonesia and128 words
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Article73 1991-04-20 2 HEN WAH Press, the Republic of Singapore Police Force and Singapore Press Holdings swept the top three awards in the National Productivity Board's 1990 in-house newsletter competition. The three organisations' newsletters were judged the best in the manufacturing, the ministries/government departments and the retail/commerce sectors73 words
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Article44 1991-04-20 2 IN BT's April 12 edition, it was reported that United Overseas Bank had set up a wholly-owned subsidiary UOB Venture Management Pte Ltd with an authorised capital of $500. 1 he figure should be $500,000. We arc sorry for the error.44 words
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Article, Illustration399 1991-04-20 2 Claire Leow - By Claire Leow I IVF C,ROUPS of bidders are vying for the multi-mil-lion-dollar contract to develop an electronic road pricing system which will manage Singapore's traffic flow. The Public Works Department in evaluating the different systems offered and should comeSource: - 399 words
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237 1991-04-20 2 UPMARKET NAMES like TitYany's and Hanae Mori Paris will make their debut in Singapore at a shopping areade in the Raffles, which will open in November. The three-storey arcade, extending behind the restored Rallies Hotel, has 53,800 sq ft of lettable space, which are237 words
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271 1991-04-20 2 Magdalene Phang - By_ Magdalene Phang MINISTER of State (Communications and Trade Industry) Mah Bow Tan yesterday said that the challenge for local enterprises was to grow strong and globally competitive. Speaking at the official opening of the $20 million YCH Distripark in Tuas, Mr271 words
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Article151 1991-04-20 2 NATIONAL Trades Union Congress cooperatives turned in strong financial performance last year. NTUC Comfort saw its revenues rising $2.4 million to $19 million and managed a surplus of $93 million. Net assets jumped from $84.7 million to $118 million. NTUC Fairprice doubled its share capital in151 words
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SHIPS IN PORT
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Article482 1991-04-20 2 Vend icy H» Berth kmi Pgartoe Vwst) Voy No Berth Amval Deparh,e Keppei Wharves Natuna ta a ***** M1C 2094 1400 20 04 230(3 Cora Pcess 021 (P) K29 alongside 19.04/1800 Sinar Batam SB93 20 04 0900 ?0C4, 2300 Cs Ocean 72 K34 alongside 2304/2300 Spring Star482 words
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Article1521 1991-04-20 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rsits Ship Voy No Etb/Btr Period From To From MtorgracM AGI2S 22/0500 3 20/0/00 20 Ub9 20.1400 4 20/1200 20/1459 20 1/00 AM Bhum 483N 21/2300 2 19/1/00 20 0659 20'0900 4 20/1200 20'1459 20 1/00 M Waitw1,521 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration411 1991-04-20 3 Magdalene Ng - By Magdalene Ng KIM ENG Holdings, the first Singapore stockbroking firm to seek a tie-up with a Malaysian counterpart, has received the official go-ahead from Malaysian authorities for the venture. Industry sources told BT yesterday that Kim Eng. which bought a 30411 words
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173 1991-04-20 3 THE SALVATION ARMY is moving out of its headquarters in Clemenceau Avenue on April 29, in preparation for the sale of the land to the Cockpit Hotel. From April 29, the Salvation Army will be temporarily housed at 2 Jalan Mayaanam173 words
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344 1991-04-20 3 TIMES Publishing has reported a 42 per cent rise in group after-tax profits to $16.6 million for its financial first half year ended Feb 28, 1991. This works out to an earnings of 13.6 cents per share, up from the 1989 EPS344 words
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194 1991-04-20 3 SESDAQ-LISTED Pan Pacific Publications (PPPL) has bought over a company that basically imports paper and supplies to the printing and publishing industry in Singapore and Malaysia. A Pan Pacific announcement yesterday said that the company has paid $721,500 for all 555,000 ordinary shares194 words
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192 1991-04-20 3 Acma pays $300,000 for R D company CASH-RICH computer equipment supplier Acma Ltd has paid $300,000 to buy over a company that will help it do research and development in the production of electrical and electronic control systems. Acma, a listed company, yesterday announced it now owned all 100,000 ordinary192 words
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391 1991-04-20 3 Bernama MALAYAN United Manufacturing Bhd will make an extraordinary gain of M 522.4 million (S$ 14.56 million) at both the subsidiary and group level from the proposed Msss million sale of the Ming Court Hotel in Vancouver. InBernama - 391 words
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233 1991-04-20 3 DAIRY FARM International Holdings, the food arm of I Jardine Matheson, announced that its wholly-owned subsidiary, Dairy Farm Espana SA, sold a property to Marks and Spencer pic of Britain for about US$2O million. Dairy Farm acquired the three-storey building in Seville as233 words
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201 1991-04-20 3 DBS CHARITY BACKED by profits made in trading Japanese securities, merchant bank Nomura Singapore, is currently the leader in the DBS Charity Investment Race. At the end of the opening week, Nomura Singapore leads with an accumulated profit of $9,117. Indosuez Asset Management (Singapore) is201 words
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COMPANY BRIEFS
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56 1991-04-20 3 DUNLOP Estates Bhd forecast a 1991 group pre-tax profit of M 526.58 million (5517.3 million) and estimated calendar 1990's pre-tax profit at Ms3.B million. It said this in a circular on its proposed rights issue of M 588.514,313 nominal amount of 10 per56 words
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80 1991-04-20 3 SHELL Refining Co Bhd's issued and paid-up capital will rise to MS3OO million (SSI9S million) after its proposed bonus issue of 180 million shares of Msl each, on the basis of three for two, from Msl2o million presently. Its NTA per share will be80 words
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Article47 1991-04-20 3 TAMING Development bought 100,000 shares in Tat Lee Bank for $350,000 on Thursday. The bank directors who have an interest in the purchase are Messrs Goh Tjoei Kok. Goh Eng Chew, Goh Han Teng. Goh Tju Kiang and Goh Yeok Chay.47 words
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Article298 1991-04-20 3 BRITISH-AMERICAN Tobacco Co (S) Ltd has appointed Messrs Robert lau, Paul F Viner and Lim Ho Hup to its committee, formed on March 12, 1991. SHANGRI-LA Hotel has appointed Messrs EW Barker (chairman), Ang Poon Soon and Shaw Vee Meng, and Mdm Kuok Oon Kwong. The audit298 words
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Page 3 Advertisements
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Advertisement148 1991-04-20 3 Spend You Could Win A Trip To Australia 4 >, Between 1 April and 31 May, every CASABLANCA RESTAURANT OSCARS RESTAURANT (Terminal 2 Changi Airport) w will entitle you to a lucky draw coupon which could win you one of ten return frr~A pPI air tickets to a British Airways148 words
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REGIONAL / INTERNATIONAL COMPANY NEWS
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COMPANY BRIEFS
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110 1991-04-20 4 THE HONGKONG government plans to pass a Bill requiring locally-listed foreign firms to disclose their company interests. The Securities (Disclosure of Interests) ordinance currently applies only to local companies listed on the Hongkong Stock Exchange. The proposed Bill would allow Hongkong's financial secretary110 words
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Article49 1991-04-20 4 FRENCH department store group Galeries Lafayette, a subsidiary of French construction group Bouygues and US firm TishmanSpeyer Properties have won a contract to build a mixed-use complex in Berlin. The three firms expect to invest 1.4 billion marks to develop the 120,000 square metres complex.49 words
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Article63 1991-04-20 4 MITSUBISHI Petrochemical Co Ltd said it has set the group sales target of its five-year plan at one trillion yen in the year to March 31, 1996. The Japanese petrochemical firm hopes to achieve group profit at 10 per cent of sales. In June Mitsubishi estimated group63 words
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Article67 1991-04-20 4 BASF AG's unexpected decision to keep its dividend unchanged at 13 marks could provide its share price with short-term support but will probably have little lasting impact, share analysts said. Despite a 45 per cent decline in 1990 group net profit, BASFs supervisory board said it67 words
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Article95 1991-04-20 4 MITSUI Engineering Shipbuilding Co Ltd and trading firm Mitsui and Co Ltd will launch a steel structure venture next month in Mactan, in the southern Philippines, a Mitsui Engineering spokesman said. KMP Inc, capitalised at 80 million pesos, will be owned 39 per cent by Keppel Corp95 words
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Article69 1991-04-20 4 SOUTH AFRICA'S gold mining industry will shed a further 12,500 jobs, the giant Anglo American Corporation (AAC) said on Thursday. AAC said 8,000 jobs will be lost at its Free State Consolidated Mines Limited (Freegold) in the Orange Free State town of Welkom.69 words
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68 1991-04-20 4 NEWS CORP Ltd is in serious discussions with several bidders about the possible sale of its Murdoch Magazines unit, a company official said on Thursday. But the official declined to say who or how many bidders there were for the nine magazines, which include68 words
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64 1991-04-20 4 HASBRO INC and Tonka Corp said on Thursday their boards of directors approved Hasbro's revised buyout offer under which the US's largest toymaker will pay less for Tonka stock and more for its bonds. Tonka, the US's No 3 toy company, said its board64 words
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Article, Illustration334 1991-04-20 4 JARDINE Matheson has hit back at suggestions by Legislative Councillor Stephen Cheong that the company might not have told the "whole truth" about its proposal for a local "exempt listing" for its shares, says the South China Morning Post. He believes the exemption334 words
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236 1991-04-20 4 Reuter NIPPON Steel Corp, the world's largest steel maker, plans to spend 200 billion yen (552.6 billion) on plants and equipment in the current fiscal year, which started April 1, up 18 per cent from last year, a senior company official said.Reuter - 236 words
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345 1991-04-20 4 NYT TIME WARNER Inc said on Thursday that operating income for the first quarter fell 1.1 per cent, to US$53O million (SS93B million), from $536 million in the corresponding period a year earlier. The company said it had a net loss forNYT - 345 words
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Article, Illustration375 1991-04-20 4 Integration of work force a key obstacle in any deal Reuter PAN AM Corp is talking to both Delta Air Lines Inc and UAL Corp about merging, a source close to Pan Am said, adding any potential deal would not necessarilyReuter - 375 words
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197 1991-04-20 4 INDONESIA'S Sinar Mas Group and Thailand's Dusit I hani will jointly establish three hotels in Indonesia with a total investment commitment of Rp 110 billion (about Sslol million), the Jakarta Post said. Arnold Ratulangi, a spokesman for Sinar Mas, said the joint197 words
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248 1991-04-20 4 Reuter INDUSTRIAL Equity (Pacific) Ltd said it would increase its interim dividend to 90 HK cents (20 Singapore cents) from 15 HK cents following discussions with major institutional shareholders. lEP's 70 per cent owner Brierley Investments Ltd said in March it would takeReuter - 248 words
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Article, Illustration588 1991-04-20 4 No rise in earnings until 1992, says research unit Reuter DEUTSCHE BANK AG's research unit Deutsche Gesellschaft fuer Anlageberatung mbH (Degab) said it does not expect German corporate earnings to begin climbing again until 1992. Degab said at a news conference that it expectsReuter - 588 words
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428 1991-04-20 4 NYT SEARS, Rocbuek Co. in a report that gave Wall Street a surprise, said on Thursday that its first-quarter net income nearly doubled, to U*****.7 mi11i0n.(*****.5 million) from U*****.3 million in the 1990 period. Scars showed improvement in its troubled retailing operation, but largely becauseNYT - 428 words
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FINANCIAL NEWS
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455 1991-04-20 5 Travel business badly hurt by Gulf War and recession NYT AMERICAN EXPRESS Co has reported earnings of US$264 million (***** million), or 55 cents a share, for the quarter just ended. This is in contrast to its $620 million loss in theNYT - 455 words
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223 1991-04-20 5 Reuter AUSTRALIA has eased restrictions on access to its capital markets by foreign governments, their agencies and international organisations, Treasurer Paul Keating said. "Borrowings by these entities are now permitted," Mr Keating said in a statement. However, borrowing by the foreign entities inReuter - 223 words
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284 1991-04-20 5 Reuter WEI LS FARGO and Co s first quarter results calmed Wall Street's fears that problem assets were rising sharply. triggering bouts of short-covering that have brought the stock 12-5/8 points higher since Monday's close, analysts said. "When (investors) see aReuter - 284 words
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Article, Illustration348 1991-04-20 5 SOMK 5,000 life insurance executives from the region are expected to gather in Singapore this September for the Asia-Pacific's first Life Insurance Congress. The three-day congress, organised by the Life Underwriters Association (LUA) of Singapore, will be held at the Singapore Indoor Stadium, said Peter348 words
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SMALL CHANGE
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111 1991-04-20 5 THE FRENCH state-owned BNP Bank has reported a 52.7 per cent fall in net consolidated profits last year to 1.61 billion francs from 3.41 billion francs in 1989. Gross profits fell by 40.8 per cent to 2.15 billion francs from 3.64 billion francs. Net111 words
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Article56 1991-04-20 5 DETAILS of the partial float of the state-owned Commonwealth Bank of Australia will be announced in May. The bank's managing director Don Sanders said he could not give an exact time for the issuing of the prospectus detailing the sale of 30 per cent of the bank's56 words
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Article69 1991-04-20 5 THAILAND'S government is in the process of preparing the third round of foreign-exchange deregulation which will be introduced when the new government has been elected, Deputy Finance Minister Virabongsa Ramangkura said. He said the preparations would take several months, which meant the third round69 words
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Article53 1991-04-20 5 SWISS BANK Corp said its earnings position had improved substantially in the first quarter of 1991. Announcing total assets at end-March at 178.5 billion Swiss francs, up 12 billion francs from end-1990, the bank said the international stock market rally had given a boost to53 words
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63 1991-04-20 5 STANDARD CHARTERED Bank Australia Ltd said minority shareholders voted in favour of accepting an offer of 50 cents per ordinary share from a unit of parent Standard Chartered Bank pic but preference shareholders attending a meeting in Adelaide defeated a motion to cancel the bank's63 words
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Article, Illustration546 1991-04-20 5 DBS Bank weekly currency review USD/DMK: Bullish trend intact The dollar drifted from the top of the trading range of 1.6900 but failed in its repeated attempts to break the support level of 1.6535. Instead it broke the trendline joining theSource: DBS Treasury - 546 words
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Page 5 Advertisements
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Advertisement146 1991-04-20 5 r M TAKE IT COOL OR PLAY IT HOT AT Tffi SUNDAY JAZZ BRUNCH! Wake up slow and easv with Smoked Salmon and air-flown Oysters on Ice, Lobster Terrine or Game Pate with garden fresh salads. Then watch things heat up with Poached Egg Florentine, Roast Duck a 1' Orange,146 words
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Page 5 Miscellaneous
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THE REGION
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NOT BOOK
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78 1991-04-20 6 AUSTRALIA'S trade union movement recommended yesterday rejecting a national pay award made under the country's centralised wage fixing system. The Australian Council of Trades Unions recommended rejecting the award and would hold a special union conference on May 1, president Martin Ferguson told78 words
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Article63 1991-04-20 6 SIX JAPANESE MINISTERS, including Foreign Minister Taro Nakayama and Finance Minister Ryutaro Hashimoto, plan to visit Australia next month for talks with Australian ministers. A three-day meeting in Canberra would take place during Prime Minister Toshiki Kaifu's planned tour of Southeast Asia from April 27 to63 words
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Article59 1991-04-20 6 FRAZZLED BY the theft of US$6O million (about Sslos million) worth of power each year, Indonesia's state electricity company PLN has decided to pull the plug on the pilferers. PLN director Ermansyah Yamin said the company planned to replace its wires with reinforced cables that were59 words
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Article52 1991-04-20 6 AUSTRALIAN SHEEP FARMERS hit by depressed wool prices can now trade their wool for a downpayment on a new truck. Suzuki Cars in Melbourne will accept up to A 52,000 (about 552,740) worth of wool as a deposit on a new four-wheel drive Suzuki utility truck priced52 words
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Article56 1991-04-20 6 POLICE detained 25 more strikers in Vatukoula, Fiji yesterday after the Australian-owned Emperor Gold Mines Co accused them of obstructing the movement of ore from a shaft. Employment and Industrial Relations Minister Taniela Veitata meanwhile warned Australian and New Zealand trade unions not to interfere in the56 words
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Article55 1991-04-20 6 AUSTRALIAN TREASURER Paul Keating warned yesterday that Australia's "unacceptably high" unemployment rate of 9.2 per cent last month would probably continue to rise for some months. But he told a meeting of the national Economic Planning and Advisory Council he still expected a recovery in55 words
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Article65 1991-04-20 6 A SENIOR Vietnamese official arrived in Bangkok yesterday for talks on Cambodia and bilateral relations. Vietnamese diplomats said Deputy Foreign Minister Le Mai was to have meetings during his visit with Thai Prime Minister Anand Panyarachun and Foreign Minister Arsa Sarasin. Mr Le Mai's discussions follow65 words
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479 1991-04-20 6 Reuter THE Philippine economy is stabilising after reeling from the impact of the Gulf crisis, but more must be done to boost exports and investment, central bank governor Jose Cuisia says. Mr Cuisia says the exchange rate has stabilised, the government deficit turned intoReuter - 479 words
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307 1991-04-20 6 Michelle Rowe - From Michelle Rowe A CANADIAN-BASED consortium is going to build in Bangkok what it says will be the tallest free-standing tower in Asia. The US$l4O million (about ***** million) project is composed of a 440 m high communications tower, a broadcast centre307 words
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Article110 1991-04-20 6 Reuter VIETNAM is expected to take a tough stand against conditions for normalising ties with the US in talks with an American delegation headed by General John Vessey. Vietnamese officials have said privately they are pleased to be talking again to their former enemy andReuter - 110 words
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Article, Illustration91 1991-04-20 6 A fair share of the cheers... and a splatter of the jeers AP Reuter As Soviet President Mikhail Gorbachev and Japanese Prime Minister Toshiki Kaifu lock their pinkies in a traditional Japanese gesture for keeping a promise following the signing of a joint communique in Tokyo, families of those killedAP; Reuter - 91 words
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167 1991-04-20 6 Reuter JAPAN continues to dominate foreign investment in Australia, its main target being the purchase of real estate and development of tourism projects. But expected foreign investment associated with proposals approved by the Australian government in 1989-90 showed a 25 per cent fall. JapanReuter - 167 words
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473 1991-04-20 6 Lawlessness threatens country's mining trade NYT MAJOR international mining companies agree that Papua New Guinea is a treasure trove of natural resources, particularly gold, copper and oil. But a recent worsening of chronic lawlessness is making it increasingly difficult to unlock the riches ofNYT - 473 words
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Page 6 Advertisements
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Advertisement160 1991-04-20 6 BANKING, FINANCE INSURANCE 1991 A Business Times Special Supplement The theme for this year's supplement Is "Focus: Asia", reflecting the growing economic and financial muscle of Asia as well as its importance as one of the world's fastest growing markets. Target date for publication is May 30. Among the topics160 words
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THE WORLD
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478 1991-04-20 7 FT UNEMPLOYMENT in Britain passed the 2,000,000mark in March, with the biggest monthly rise on record, unleashing fierce criticism of the government a fortnight before local elections. The Department of Employment's announcement on Thursday that seasonally adjusted unemployment rose by 113,000FT - 478 words
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494 1991-04-20 7 Uncertainty about when recession will end remains NYT PACED BY a big drop in the bill for imported oil, America's trade deficit shrivelled to US$5.3 billion in February, the smallest in more than seven years, the Commerce Department reported on Thursday. Although exportsNYT - 494 words
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Article, Illustration60 1991-04-20 7 Reuter picture Two young Iraqi Kurdish girls Tilling water containers from a muddy pool in the centre of the mountainous Kurdish refugee camp on Thursday. There is still a severe shortage of clean water in this camp, in spite of tens of thousands of bottles broughtReuter picture - 60 words
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504 1991-04-20 7 FT AMERICA is pressing the World Bank to undertake a strong shift towards lending to the private sector in developing countries and eventually make loans directly to private companies without government guarantees. The World Bank currently only lends under governmentFT - 504 words
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Article224 1991-04-20 7 Reuter INK cash-starved Soviet Union is seeking an extra US$l.5 billion (552.55 billion) in US agricultural loans to buy American grains on top of US$l billion already received and used in January, Congressmen and trade sources said on Thursday. It was widely believed beforeReuter - 224 words
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WORLD WATCH
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75 1991-04-20 7 THE SLUGGISH ECONOMIES of the industrialised world should begin to recover late this >ear. Jean-Claude Pave, secretary-general of the Organisation for Economic Cooperation and Development (OECD). said the global downturn was bottoming out. Mr Pave was in lx>ndon for talks with British economic ministers75 words
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Article54 1991-04-20 7 THE LATEST INSTALLMENT of the US bill for the Gult War is U5532.2 billion (about 5556.4 billion), according to the chairman of the Senate Appropriations Committee. Also, more than USS3 billion of that will come from US taxpayers because the allies have not yet54 words
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Article53 1991-04-20 7 THE International Monetary Eund on Thursday approved-an additional USS2.4B billion in loans for Poland over tht next three years. The Polish package would bring the loans approved by the IMF since the beginning of the year to a total of USSB.4 billion for Bulgaria. Czechoslovakia. Hungarv53 words
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Article72 1991-04-20 7 CHINA makes systematic use of forced labour to prcgdifce items for export to the US in violation of US law, a hiufian rights group has charged. Asia Watch, a New York-based rights group, called on the administration of President George Bush to apply the72 words
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Article81 1991-04-20 7 TRADE between India and Japan grew to US$2.5 billion in April-December 1990. a USS4OO million rise over the corresponding period of 1989. An Indian commerce ministry statement said Japan. India's third largest business partner after the US and the Soviet Union, enjoyed a slight advantage in the81 words
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Article39 1991-04-20 7 THE US Export-Import Bank has given Mexico a USSI.IS billion credit to buy equipment and services for its state-run oil industry The money will go primarily towards the extraction of oil, Mexico's No 1 export earner.39 words
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Article60 1991-04-20 7 A SHARP DROP in imports due to Canada's recession boosted the country's trade surplus by US$35O millipn in February to USSS4S million. Statistics Canada reported ibat imports fell US$B7O million in February to US$9.l brlLion. their lowest level since July 1988. Exports for the month also60 words
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Article56 1991-04-20 7 URUGUAY granted the Soviet Union a ercdit of US$35 million to buy Uruguayan produets sueh as wool and The credit was provided by Uruguay's Republic Bank to the Soviet government and must be paid back within two years with an interest equivalent to the British Libor56 words
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Article80 1991-04-20 7 LESS THAN five months after being toasted "The Chancellor of Unity" in his third successive general election win. Helmpt Kohl is fighting to stave off a humiliating defeat tomorrow in a regional poll on his home ground. Victory tor the opposition in the Rhineland80 words
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391 1991-04-20 7 EC wants the duties on Japanese. Korean products to be permanent NYT THE EC Commission is seeking permanent antidumping duties ranging up to 27 per cent on audio cassettes produced in Japan and South Korea because the tapes are harming Europe's cassetteNYT - 391 words
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Article, Illustration435 1991-04-20 7 NYT THE TREUHAND wants to promote more management buy-outs in East Germany. They have aeeounted for only 5 per eent of the 1.261 industrial eompanies already privatised, aeeording to Mrs Birgit Breuel. the privatisation agency's new president. Foreign sales have aeeounted for anotherNYT - 435 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration5204 1991-04-20 8 S N Vasuki - By S N Vasuki AFTER an impressive showing on Wednesday and Thursday, the Singapore stoek market slid hack to its meandering ways yesterday. I he Straits Times Industrials Index moved sideways for most of the day until late afternoon when bargain hunting5,204 words
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Article4265 1991-04-20 9 Main Board SI X f oreign 1870 40 2.2% NatSteel 995 25 2.6% Spore Bust-' 500 775 +25 +3.3% Roth Inds50* 555 +25 *4 7% Keppet C Wits 510 +24 +4.9% DBS Foreign 1280 +20 +16% OCBC Foreign 1160 +20 *18% Jurong Ship50* 930 204,265 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4200 1991-04-20 10 Bernama SHARE PRICES in Kuala Lumpur yesterday closed slightly lower on profit-taking after Thursday's sharp rise and the absence of institutional buyers. The KLSE Composite Index slipped a fractional 0.06 of a point to 595.50 while the Industrial Index ended 4.23 points higher atBernama - 4,200 words
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Page 10 Advertisements
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Advertisement53 1991-04-20 10 SINGAPORE HIDEAWAYS Im HP l^^* iJrtife* ffISSi^HL /r «j A- MOV" jv. inaM^uHu ~h\ i« No, this is not Bali. You can find this heavenly stretch of beach right here in Singapore. Take a break. F.ii.w weekiider tPB^Si surprising spots today. IwiJcß The latest news ond much more. From lunch-time.53 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2227 1991-04-20 11 Reuter TOKYO STOCKS closed easier yesterday after a day of quiet trade, enlivened only by brief rounds of arbitrage buying. The soft yen and bleak prospects for a near-term interest rate cut had most investors sidelined, allowing institutional profit-takers to set theReuter - 2,227 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2154 1991-04-20 11 Reuter SHARE PRICES in Hongkong yesterday finished lower in thin trade ahead of the weekend as overseas institutions took profits, mostly on blue chips. "The airport issue is continuing to drag down the Hang Seng Index," said Larry Tam, director of Hongkong salesReuter - 2,154 words
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Page 11 Advertisements
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Advertisement21 1991-04-20 11 Innovation Technology in BT on Tuesday Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times21 words
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REGIONAL STOCK MARKETS
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Asian markets close generally higher
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Article293 1991-04-20 12 HEAVY buying of bank shares yesterday pushed the Australian sharemarket to an eight-month high, but afternoon profit-taking trimmed early gains. The All Ordinaries Index closed higher for the seventh consecutive session, up 7.4 points to 1.519.6. "The market saw some reasonable buying but people became a little bit cautious293 words
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Article1379 1991-04-20 12 Australia Apr 19 A Cents VolCOO) AC Minerals 65 3 5528 ACM Gold 31 2 ***** ANZ Bank 376 +10 ***** Aberfoyle 410 unch 1846 VdelStm 13 2 ***** Advance Bank 530 34 1428 Alcan 155 unch 2655 A moor 496 3 6822 Ampol Ex 274 f 4 183 Argo1,379 words
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Article884 1991-04-20 12 BANGKOK stock prices yesterday moved upward in heavy trading for the fourth consecutive day with the Securities Exchange of Thailand Index rising 3.30 points to close at 908.08. "The market slowed down after passing its peak index of 900 points," said a broker from Mithai Europartners Finance and Securities884 words
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Article503 1991-04-20 12 PHILIPPINE share prices yesterday settled mixed with most issues depressed by profit-taking, and brokers said the market has not shown signs of bottoming out after nearly two weeks of decline. The Manila Stock Exchange Composite Index fell 19.86 points to dose at 1.071.50. Analysts said the market was divided503 words
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Article723 1991-04-20 12 SEOUL share prices edged up in scant trading yesterday, with the Composite Price Index adding 2.44 points to finish at 628.33. Advances led declines 315 to 194 among the 727 issues traded. Volume stood at 5.998 million shares valued at 83.487 billion won. Brokers said Soviet President Mikhail Gorbachev's723 words
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Article440 1991-04-20 12 TAIPEI share prices yesterday ended higher after wavering in narrow, cautious trade below the 5,800 point resis- tance level, dealers said. The Weighted Index finished 49.15 points higher at 5.739.26 compared with Thursday's 5.690.11. Turnover was NT579.5 billion against NTS7B.B billion previously. Dealers said industrials were weak as a440 words
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Article169 1991-04-20 12 IN WELLINGTON, share prices yesterday recovered some of their early losses in busy trade despite a forecast from Fletcher Challenge that its 1990/91 profit will be 10 per cent below the 1989/90 result and earlier predictions of flat earnings. Brokers said overseas demand remains good for stocks, particularly169 words
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Article95 1991-04-20 12 IN BOMBAY, heavy buying by stateowned investment firms on Thursday salvaged stocks from a bearish start but prices ended broadly lower. The Bombay Stock Exchange Index closed 3.55 points down from the previous close on Tuesday, at 1,271.62, after recovering from 1,256.14. The National Index lost 2.04 to 633.66.95 words
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Article96 1991-04-20 12 INDICES TURNOVER Clusv Pre»i«us April 14 SYDNEY All Ordinaries Index 1.519.6 1.512.2 74 All Industrials Index 2.364.S 2.352 1 ♦■17.7 All Resources Index «7IJ 871.0 +0.3 Turnover (million) NA 133 42 BANGKOK Sh 1 Index VOX OX 904.69 3.30 Turnover (million baht) 6.279 5.522 757 JAKARTA Composite Index Closed Closed96 words
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Article379 1991-04-20 12 INDICES TURNOVER In local currency In S$ In l'S$ S da> S >ear S da> S >ear Sday S year \pr IK Index change change change change change change World 419.4 -0.2 17.1 -0.1 15.0 -0.7 13 8 fEAFE 548 1 -0.5 16.6 -0.5 12.8 -II 116 Europe 434.3 -0.1379 words
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Page 12 Advertisements
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Advertisement7 1991-04-20 12 The Jakarta market is closed this week7 words
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WORLD STOCK MARKETS
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Profit-taking sends Dow below 3,000 level
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Article, Illustration1328 1991-04-20 13 A BURST of profit-taking in the last minutes of trading Thursday ended the Dow Jones Industrial Average's onenight stand above the 3,000 level. Most other leading market indexes also closed below their record levels of Wednesday. At the close of trading on the New York Stock Exchange, the1,328 words
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Article, Illustration743 1991-04-20 13 LONDON shares were lower at midday yesterday on light profit-taking and expectations of a weak opening on Wall Street later. Dealers said many fund managers were on the sidelines. At about noon (1100 GMT), the Financial Times-Stock Exchange 100share index was down 14.8 points, or 0.6 percent, at 2,523.6.743 words
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Article284 1991-04-20 13 FRANKFURT stocks suffered a moderate loss on Thursday, as the DAX spot trend indicator lost 10.07 points to close at 1,6613.76 points on the basis of final figures off 0.62 per cent on the day. The Commerzbank indicator also lost ground, closing at 1,939.90, off 2.4 points on the284 words
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Article270 1991-04-20 13 AMSTERDAM shares closed weaker on Thursday, with profit-taking by institutions and lack of demand ahead of the expiry of April series options and index futures yesterday. The CBS General Tendency Index closed 0.5 weaker at 96.8, with some relief that Bundesbank credit policies were left unchanged after Thursday's meeting.270 words
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Article281 1991-04-20 13 IN PARIS, surprisingly disappointing 1990 results from French bank BNP triggered a bout of profit-taking on Thursday and drove the bourse to a sharply lower close. The CAC-40 Index, which had opened higher, shed about half of Wednesday's gains, ending down 13.71 points or 0.75 per cent at 1,815.74281 words
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Article366 1991-04-20 13 IN ZURICH, shares closed slightly lower on Thursday as the market failed to react to Wall Street's surge last night over the important 3,000-point level. Dealers said trading in Sandoz was very hectic in a generally quiet market. The all-share SPI Index eased two points to 1,078.1 and the366 words
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Article172 1991-04-20 13 IN BRUSSELS, shares ended slightly lower on Thursday in moderate trading, despite the record rise on Wall Street, dealers said. "The market did not move a lot," said one dealer. During the session, 256,000 shares were traded with a total value of 860 million francs. Of the shares traded,172 words
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Article76 1991-04-20 13 Milan Apr 18 l.ire AssCicn ***** t WW Basiogi 253 f 2 Fiat 5579 Finsider susp If, Priv ***** +50 Italcemcnti Ord ***** 50 Italgas 3050 I Magneti M Pf 925 14 Mediobanca ***** 200 Miralania Mondadori Pnv susp Montedison 1545 6 Olivetti Ord 3925 16 Olivetti Priv 2899 unch76 words
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Article92 1991-04-20 13 IN STOCKHOLM, prices picked up most of a morning dip on Thursday, but closed down from Wednesday mainly due to higher domestic credit yields. Dealers said a 1.8 per cent increase on Wall Street overnight failed to inspire Swedish investors. The blue chip index fell 0.42 per cent, while92 words
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Article354 1991-04-20 13 THE JOHANNESBURG stock market ended a quiet day with modest gains on Thursday, but the trend remained basically sideways in cautious trading in the absence of any fresh factors. Dealers said direction is likely to remain obscure in a market bedevilled by economic uncertainties and concern about the continuing354 words
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Article244 1991-04-20 13 TORONTO stocks continued to slip in active afternoon trade on Thursday, pulled down by poor performance in the gold sector, analysts said. "The Gold Index was dragged down as investors become less concerned about the impact of inflation,"' said John fafat Maison Placements. The Composite Index dropped 12.00 to244 words
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Article97 1991-04-20 13 INDICES TURNOVER NEW YORK Close April 18 PrrvkMM Dow Jones NYSE Financial SAP 500 Turnover (million) 2,999 26 3.004 46 157.13 158.19 388 46 390 46 217.4 248.9 -520 -1 06 -1 99 -31.5 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.996.4 2.5384 7%. 3 2.001 4 2.545 097 words
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Page 13 Advertisements
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Advertisement44 1991-04-20 13 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian. Berita Minggu, Shin Min, LianHe Wanßao call our Hotlines 740-1839, 740-1840. Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT.44 words
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CURRENCY, MONEY & FUTURES MARKETS
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1148 1991-04-20 14 REPORTS !HI US DOLL AR was sharply higher n early European trade yesterday and tiadcrs expect it to continue rising, testing central bank readiness to intervene. Ihe dollar opened yesterday at 1 7130/40 marks, up from 1.6795/6805 a? the close on1,148 words
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456 1991-04-20 14 Reuter JAPAN'S money supply growth in March fell to its slowest pace on record for the second consecutive month, which is likely to fan speculation that the Bank of Japan (BOJ) will cut the discount rate, economists said on Thursday. Japan'sReuter - 456 words
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114 1991-04-20 14 Reuter THE US Senate on Thursday passed sweeping legislation to reform the nation's commodity futures markets after scandals swept the Chicago futures pits in the late 1980s. The bill would tighten futures market trading rules and strengthen the markets' regulator, the Commodity Futures TradingReuter - 114 words
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Article1207 1991-04-20 14 SjjjBC EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jan 91 93.60 9161 93.58 93.58 8250 ***** ***** Sep 91 93 30 93.31 93.27 93.27 8125 8796 6447 Dcc 91 92.84 92.84 92.78 92.78 3230 9466 2317 Mar 92 92.61 92.61 92.55 92.57 1145 4990 332 Jun1,207 words
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Article401 1991-04-20 14 Cross rates Pr 19 —"1 USS S$ MS Dm Yen SFr AS NZS 1.7655 2.7395 1.7030 137.60 0 5699 1.4550 1.2920 1 6964 SS 0.5664 1.5517 0.9646 0.7794 0.3228 0.8241 0.7318 0 9608 M5 0.3650 64.45 0.6216 0.5023 0.2080 0.5311 0.4716 0 6192 l)-i 0.5872 1.0367 1.6086401 words
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Article553 1991-04-20 14 Interbank rates sS Bid Offer 5 5/8 5 3/4 i-niMi(h 4 11/16 4 13/16 \ni(Kilh 4 3/4 4 7/8 Unwth 4 13/16 4 15/16 < „n iilit mode 5 IM Bid Offer 6 1/8 6 1/4 1 month 6 1/16 6 3/16 2 months 6 1/8 6 1/4553 words
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COMMODITIES
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446 1991-04-20 15 UPI THE seven-week coal strike by miners demanding the resignation of Soviet President Mikhail Gorbachev has brought the steel industry to a near halt, the Tass new agency said on Thursday. In further labour trouble, the independent Interfax news agency reportedUPI - 446 words
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307 1991-04-20 15 AP US CRUDE OIL production was up by 1.2 per cent in the first three months of 1991, the first time it showed a quarterly increase in five years, the leading industry group said this week. The US's oil wellsAP - 307 words
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817 1991-04-20 15 REPORTS ON THE Kuala Lumpur Tin Market yesterday, business was done at M$ 14.86 per kg, up two sen from Thursday on an official offering of 65 tonnes. Tin futures ended lower in nominal trading on the Kuala Lumpur Commodity Exchange. Spot817 words
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Article1409 1991-04-20 15 Rubber a p m9 MS (t» hi hri—> S cents/kg Noon Close Int I RSS Prompt 142 50/143. SON 142.50/143.50N Inl I RSS Mav 91 145.00/145.50 145.0(V145 50 Int 1 RSS Jun 146 75/147.25 146.75/147.25 Int 2 RSS OP 142.00/144.00N 142.00/144.00N Int 3 RSS OH 117 MVI 39 50N1,409 words
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Page 15 Advertisements
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Advertisement11 1991-04-20 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Advertisement384 1991-04-20 15 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4912 f OFFICIAL NOTICE 1 We, SEMBAWANO MARITIME LIMITED of 50 Shipyard Road, Singapore 2262, hereby give notice that In consequence of Intended change of ship's name, we have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter384 words
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Advertisement382 1991-04-20 15 IN TIE MATTES OP THE COMPANIES ACT, (CHAPTER M) KWONG BENG TRADING PTE LTD (la Mwtan' Vit—fry LiqeMirt—) PINAL MEETING NOTICE IS HEREBY OIVEN pursuant to Section 308 of the Companies Act, Cap.so that the Final Oeneral Meeting of the Members of the abovenamed company will be held at the382 words
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354 1991-04-20 16 Al 0 Labita - From Al 0 Labita in MANILA THE PHILIPPINES is studying the possibility of easing foreign equity rules for local banks as part of the government's liberalisation policy, according to central bank governor Jose Cuisia. At a recent meeting of civic leaders and354 words
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251 1991-04-20 16 Reuter THE BUNDESBANK will keep monetary policy tight even at the expense of relatively high interest rates, Bundesbank president Karl Otto Poehl said. He also said the Bundesbank aimed to prevent German inflation from rising to 3.5 per cent this year. The inflationaryReuter - 251 words
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236 1991-04-20 16 Reuter PRESIDENT Mikhail Gorbachev arrived in South Korea yesterday for talks today with South Korean President Roh Tae-woo. The Soviet leader's Ilyu-shin-62 airliner landed just before 9.40 pm (1240 GMT) to begin the first visit to North or South Korea byReuter - 236 words
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Article, Illustration109 1991-04-20 16 A BEAMING Mr Sim Kee Boon, chairman of Far East I Kingston Shipbuilding (FEIJS), receiving the Beacons of Quality, an award recognising its commitment to quality improvement, from Mr Larry McKadin, chairman and chief executive officer of Philip Crosby Associates. The US-based management consultants was109 words
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367 1991-04-20 16 Reuter A NEW venture capital firm, set up to propagate joint ventures in China, was established on Thursday and simultaneously announced it would place all USS39 million's worth of its shares with institutional investors in Europe. Japan and Hong Kong, a companyReuter - 367 words
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434 1991-04-20 16 THE SINGAPORE-BASED subsidiary of Smith Corona faces a challenge on unexpected terrain from an unexpected quarter. The American subsidiary of Nagoya-based Japanese typewriter maker Brother Industries (USA) Inc charged on Thursday that Smith Corona was dumping electric typewriters made in Singapore at434 words
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351 1991-04-20 16 The battle for San Miguel Reuter PRESIDENT Corazon Aquino asked the Philippine Supreme Court yesterday to reconsider a ruling expected to trigger a hitter tight for control of San Miguel Corp. the country's biggest company. "We hope that the court will give us theReuter - 351 words
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Article215 1991-04-20 16 BFF.R-BASED San Miguel C orp (SMC) posted a lower net income last year due to a slowdown in the Philippine economy, SMC hoard chairman Mr Andres Soriano 111 said yesterday. Net income declined by 28 per cent from 2.430 billion pesos (SS 147.6 million} in 1989215 words
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Page 16 Advertisements
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Advertisement453 1991-04-20 16 CHARTPOINT Every Saturday in Business Times Now you can put your skills to work. By now, you would have already collected Money Coupons worth $100,000. If not, look for *backdated issues of Business Times (April 15 19). To enter the contest, just fill in the table below to the best453 words
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Advertisement6 1991-04-20 16 CHARTPOINT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1304 1991-04-20 17 Chew Eng Han - Forex dealing big bucks, fast bucks. But only if you are game for a job that drains your adrenalin, writes Chew Eng Han Chew Eng Han THE LIFE of the foreign exchange dealer is fast and sometimes vicious. His is a life with one main objective to make(Photos by Arthur Lee) - 1,304 words
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STRAWS IN THE WIND
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Article83 1991-04-20 17 AS Soviet President Mikhail Gorbachev flew to Tokyo last Tuesday, a burly Soviet plainclothes security man and his equally chunky Japanese counterpart were spotted in earnest conversation outside the fortress-like Soviet embassy. Both wore dark blue suits and sported the obligatory radio earpieces. Obviously comparing technical notes,83 words
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Article66 1991-04-20 17 DID you know that Reebok has a junior version called "Weebok". for toddlers and pre-schoolers? But if the real thing is too costly, there is a cheaper, more educational variety available here, called "Readbook". The story doesn't end here. Apparently, Reebok is about to be embroiled66 words
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Article69 1991-04-20 17 SBC has been plugging a nev travel series over TV lately, with a catchline that goes "SBC presents a new travei series, shot on location..." Which causes one to wonder if it is possible to have a travel programme that ISNT shot on location. Do you have a69 words
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OPINIONS
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Article1132 1991-04-20 18 Claire Leow - Claire Leow says that before all else we need to get the basics of health care right Claire Leow The writer is a BT journalist AS SINGAPORE moves into the future, much has been said about improving the health care system to provide better services1,132 words
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215 1991-04-20 18 Mrs) Vicky Vargas - LETTERS TO THE EDITOR (Mrs) Vicky Vargas THIS letter comes from an invalid leper from an isolated island of unfortunate human beings. Praying for kindness and understanding, I have gathered up courage to write this letter because I need help desperately. I am215 words
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160 1991-04-20 18 AS Certified Public Accountants, we are required to keep abreast of the latest legal decisions and to update ourselves on the ever improving changes in the legal system. It is really tedious to read the dry and colourless case reports in160 words
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285 1991-04-20 18 John Wareing - John Wareing THE article "The Party Behind Zouk" in Executive Lifestyle (BT, April 14-15) was most interesting and it showed me I was not the only one confused about the definition of "Mediterranean" as related to Zouk's cuisine and ambience. After285 words
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80 1991-04-20 18 Quek Gumn Cheng - Quek Gumn Cheng I REFER to the article "Two in the running for advertising body's top job" (BT, Apr 11). Peter Ling has not resigned his post as the president of 4As. The president and his council are elected yearly. According80 words
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112 1991-04-20 18 Choo Wai Chan (Mrs - Choo Wai Chan (Mrs) Public Relations Officer Public Utilities Board I REFER to your article "Financial houses warm up to idea of escape from the city" (BT, April 15). The Public Utilities Board would like to clarify that the power112 words
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334 1991-04-20 18 Koh Chong Hwa - Koh Chong Hwa Press liaison Officer Customs Excise Department I REFER to the two Shipping Times articles "Chandlers miss out on business deals" and "Customs' computer system blamed" (BT, Apr 5). We have investigated the matter. The causes for the "system's failure"334 words
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SPORTS
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Article, Illustration883 1991-04-20 19 David Chew - David Chew assesses George Foreman's chances in his comeback bout David Chew WHEN George Foreman announced to the world he was going to become the oldest undisputed heavyweight boxing champion of the world four years ago, nobody thought he was serious. Nearly every883 words
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Article506 1991-04-20 19 Cassandra How - There is something special about golf that needs to be appreciated and preserved. Cassandra How elaborates Cassandra How LOOKING at the current golf membership boom, it has become a growing concern that the game is losing its traditional identity and beginning to adopt a speculative506 words
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Article628 1991-04-20 19 George Vecsey - George Vecsey reports on the new craze of instant replay golf George Vecsey NYT HAVING long been a critic of instant replay in sports (it takes away the human element) and having long been uninterested in golf (what a waste of open space and plaidNYT - 628 words
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307 1991-04-20 19 Reuter JOSE Maria Olazabal was in sombre mood on Wednesday as he prepared to renew his duel with US Masters champion lan Woosnam. Olazabal. defending the Benson and Hedges International Open title which he won by a stroke from Woosnam last year, said:Reuter - 307 words
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SIDE LINES
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140 1991-04-20 19 WITH Australia in recession, sailor lain Murray sees his quot to win the 1992 America's Cup as something of a national crusade. "We want everybody to get involved in tins. It's something that will take people's focus away from high interest rates and falling140 words
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Article71 1991-04-20 19 A CONFERENCE of European sports ministers from the 25-member states of the Council of Europe, plus Albania. Bulgaria. Romania and the Soviet Union got underway m the Hungarian capital of Budapest on Wednesday. Host minister Bcrtalan Andrasfalvy said co-operation on a Pan-European level and co-ordination of work of71 words
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Article61 1991-04-20 19 OLYMPIC supremo Juan Antonio Samaranch said on Wednesday that he would welcome South Africa staging the games once it was hack in the Olympic movement fherepublic. expelled in 1970 because of its apartheid policy, lias been granted conditional recognition and could compete .:i the 1992 Barcelona Olympics61 words
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Article86 1991-04-20 19 4. FORMER world heavyweight title contender Frank Bruno has returned home to England after an eye operation with a question mark still hanging over his future in the ring. "1 haven't decided on that yet." said the 29-year-old. *Ti» not going to rush into86 words
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Article79 1991-04-20 19 GREG SNOUFFER of the United States won the indi\idual matchplav title at the World Boomerang Championships in Perth on Wednesday. He gained 59 points to finish ahead of his fellow countryman Doug Dufresne. with 51. Third, with 47 points, was Mathicu Weber of France. The world's JMvst boomerang79 words
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Article126 1991-04-20 19 THE Women's Tennis Association (WTA) said that wotaien would take part in the Grand Slam Cup only if the Cup and all four Grand Slam events paid as much prize money to women as to men. The WTA said they agreed unanimously that, if invited, women126 words
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Article, Illustration601 1991-04-20 19 Jockey Club v bookmaking barons The Economist THE bookniaking barons like to be called Alfie or Len; the people who run the Jockey Club, racing's official regulator, prefer glossier titles. Both camps have long been bound together by a shared interest inThe Economist - 601 words
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EPICURE
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Article, Illustration610 1991-04-20 20 Quek Swee Peng - Quek Swee Peng sits near the cherry blossoms and pretends it's spring time in Singapore Quek Swee Peng PINK. Pretty. Pretentious. There is, of course, no Spring in sunny Singapore. But the fake cherry blossoms, with their blooming flowers and dark brown branches, command that the charade610 words
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LIFESTYLE
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Article, Illustration905 1991-04-20 21 Claire Leow - Claire Leow goes to a movie about the movies and finds it a delightful insight into the psychology of movie-going and movie-making Claire Leow SO YOU CIO to the movies. But are you going to watch a movie about the movies? For Cinema Paradiso,905 words
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Article, Illustration770 1991-04-20 21 N K Yong - WINE By N K Yong ON APRIL 22, Chateau Mouton-Roth-schild Baronne Philippe, fifth growth Pauillae, will be renamed Chateau D'Armailhaeq. after the original owners, the D'Armailhaeq family, who created the vineyard in the early 18th century. The announcement will be made in Bordeaux770 words
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Article, Illustration411 1991-04-20 21 Sybil Holloway - BRIDGE By Sybil Holloway JOHN ELLIOT related what happened on the deal during a match played between the Indian and Danish teams at the 1990 World Bridge Championships in Geneva. "Sometimes one must work very hard for a victory point", he remarked. This was the auction411 words
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PURSUITS 1
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Article, Illustration999 1991-04-20 22 Jennifer Lien - The Substation may be blooming artistically but it is hardly surviving on the donations it now receives. Jennifer Lien learns more about its dream and its boundaries Jennifer Lien L AST WEEK, Cultural Medallion winner Kuo Pao Kun received a phone call from a999 words
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Article, Illustration655 1991-04-20 22 RINGO LIEW - CD Review By RINGO LIEW ROD STEWART: Vagabond Heart On his latest effort, Rod Stewart has chosen to stroll down memory lane, revisiting his ethnic, R&B and rock n' roll origins. His new album, with its underlying Scottish feel, conjures images of big hairy men655 words
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Article, Illustration704 1991-04-20 22 Blown Away The Rolling Stones And The Death Of The Sixties. By A E Hotchner. Simon And Schuster. 377 pages. Reviewed by Chuang Peck Ming. FRIENDLY as the Beatles and Rolling Stones have been with one another, their fans were at each other's throats in the pop704 words
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Article, Illustration264 1991-04-20 23 For work or play. Both night and day. Just one set. That's all you need to get. IT MIGHT sound like we're talking about false teeth here but no, we're not. Nevertheless, like dentures, it's also something no one wants to be caught dead without clothes. And264 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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133 1991-04-20 24 Lee Han Shih - EMS? Mum's the word most of the time Compiled by Lee Han Shih REMEMBER Electro Magnetic (S), the videotape maker which surprised the market with its massive losses? If you're wondering why there have been so few news reports about I MS lately, it is because all the parties concerned133 words
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Article154 1991-04-20 24 IF YOU'RE impressed by the speed at which companies arc being listed on the Stock Exchange of Thailand (SET), >oiTll be bowled over by what's happening in Japan. There are now about 2,000 companies listed in Tokyo, of which more than 1,600 are on154 words
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Article103 1991-04-20 24 IN SfNGAPORE, only Singapore Airlines hands out gifts to 'iiareholders who turn up for the annual general meeting.'/tt the last AGM, the airline presented pens to the few hundred shareholders who showed up. In Taiwan, however, gifts at AGMs is B-I-G business big enough103 words
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Article, Illustration236 1991-04-20 24 Goola Warden - CHART By Goola Warden SIGNALS are conflicting. Short term, the 14-day Relative Strength Index (not shown) broke a six-month scries of rising peaks and troughs. Quarterly momentum is faltering now (see chart I) and is not likely to make much headway this month. Despite the nearSource: OUB Securities Pte Ltd - 236 words
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Article769 1991-04-20 24 Prices (as at 18.4.91) Conversion terms Premium/ (discount) Expiry Amount lAJrtc 1 fi c tir Optional" I using Company Issued /m unite) Tins OtHll Lfl 5W Conv Exec pric# Lnstk Cash Cash 1 Lnstk 1 Gearing 4 Data Mths \m umisj M |i M nom left769 words
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Article, Illustration722 1991-04-20 24 S N Vasuki - The market rally this week contradicted most analysts. S N Vasuki attempts to find out the factors that fuelled this sudden surge S N Vasuki STOCK market analysts in Singapore are having a field day attempting to decipher the reasons behind the current rally. For close722 words
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Article, Illustration773 1991-04-20 24 Shoeb Kagda - Shoeb Kagda looks at how a small investor can invest in the bond markets Shoeb Kagda CUT CASH, increase bonds. This is what the experts are advising. For 1991, global bonds (in US dollar terms) will outperform cash, but performance will vary across markets,773 words
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Article456 1991-04-20 24 The Economist I T IS TIME for our annual update of The Economist's Big Mac index, a rough-and-ready guide to whether a currency' is under or over-valued. It was launched five years ago in the hope of making economic theory more digestible. The indexThe Economist - 456 words
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Article628 1991-04-20 25 Chew Eng Han - In the third of a regular series on foreign currencies. Chew Eng Han takes a look at how to earn high yields through leveraging Chew Eng Han FOR I'Ht investor who thirsts for high yields but has most of his funds already tied up elsewhere628 words
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834 1991-04-20 25 Alan Street - TAKING By Alan Street Professor Street is with the NT I. This article was contributed by the Life Assurance Association of Singapore I WELL REMEMBFR over 20 years ago, when I first started out in the life insurance business, earnestly discussing a new proposal for834 words
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Article, Illustration435 1991-04-20 25 Thomas Aspray - Thomas Aspray looks at the triangles which can be used to determine both the short and intermediate outlook for the Singapore dollar and Brent crude prices Thomas Aspray Mr Aspray is an analyst based in Washington THE US dollar rose dramaticallyCharts by TeleTrac; Chart by TeleTrac - 435 words
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JOBS
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Article, Illustration1251 1991-04-20 26 Chuang Peck Ming - Chuang Peck Ming meets Sree Kumar, a Singaporean who has returned home after a successful career abroad as an R&D manager, an oil explorer and a management consultant Chuang Peck Ming SREE KUMAR took a very big pay cut when he returned home early this year1,251 words
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Article, Illustration447 1991-04-20 26 Mr A K Han has been appointed General Manager of Tiger Balm Ltd, a member of the Haw Par Group. He will be responsible for the marketing of Tiger Balm and consumer products of the Tiger Balm Group. Prior to this he was the Regional Marketing Director for447 words
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Article1055 1991-04-20 27 City Flight ETA Flight no City Flight ETA Flight ETD Adelaide QF081 2000 SQ227 QF082 2200 2200 MH644 SQ111 1650 1705 SQ112 MH631 MH610 1545 1610 1715 Amsterdam SQ23 KL837 1345 1415 SQ24 2200 MH671 MH/SQ671 1800 1800 MH643 SQ1I4 1730 1745 Auckland NZ21 SQ338 BA121,055 words
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YHE TRAVEL PAGE
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Article, Illustration539 1991-04-20 27 POSTCARD FROM NEW DELHI IF YOU PLAN to return home laden with exotic purchases, you'll find Delhi's shops and bazaars overflowing with remarkable treasures at very affordable prices. Although Delhi produces only a fraction of India's arts and crafts, it is the country's539 words
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Article153 1991-04-20 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.363 1.383 Canadian dollar I.S22 1.S32 NZ dollar 1.035 1.065 Sterling pound 3.070 3.100 US dollar 1.7700 1.7800 liocal dollar* to 100 units of foreign auTency Austrian schilling 14.40 15.40153 words
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TRAVEL SLICES
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169 1991-04-20 27 NYT AMTRAK and United Airlines are offering packages that permit travel one way by rail and return by air. Travellers will save about 30 per cent off the regular one-way fares for each leg. The cost of the plan's packages will help overcome resistanceNYT - 169 words
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Article207 1991-04-20 27 NYT FIRST-CLASS cars on the once-stately Paris Metro face extinction this year because of a decline in ridership. The Paris Regional Transport Authority has recommended that the subway system switch from two to only one class of car by the end of 1991.NYT - 207 words
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Article75 1991-04-20 27 Travel Business Analvst THE Sheraton Lagoon resort on Bali's Nusa Dua beach is due to open at the end of this month. The hotel is running a special introductory package, offering two nights for US$l2O (about SS2IO) per person, on a double occupancy basis. Additional nightsTravel Business Analvst - 75 words
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Article85 1991-04-20 27 Travel Business Analyst TANJUNG ARU Beach Hotel in Kota Kinabalu, Malaysia, is currently offering a special three-night getaway package priced at MsB2s (Ss63o) single or double occupancy. Prices include 15 per cent tax and service charge, and the offer is valid until June 30. The packageTravel Business Analyst - 85 words
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Article64 1991-04-20 27 Travel Business Analyst SINGAPORE AIRLINES is due to begin transatlantic flights to Toronto starting June 1. There will be three flights per week, operating from Singapore through Vienna and Amsterdam. And from this month. SIA has added a fifth weekly flight toTravel Business Analyst - 64 words
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Article73 1991-04-20 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tc! April International Florence. SOGESF SpA *****9721 April 2* International London The Building 44I4W>-I951 20-May I Handicraft ItaK May 2 Food Dnnk Trades Fair Exhibition Exhibition Ltd May 8-11 Computer "91 Hongkong Hongkong 575*33 Computer April International Frankfurt.73 words
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TIME OFF
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Article262 1991-04-20 28 SSO Regular Concert Conductor Choo Hoey, soloist Siow Lee Chin. Programme: Wagner Preludes to Lohengrin Acts I and 111, Wieniawski Violin Concerto No 2, Dvorak Symphony No 6. Victoria Concert flail. Apr 26 27 at H Ispm. Kathakali The lamous troupe of the Kerala Kalamandalam, from South India, will262 words
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Article, Illustration186 1991-04-20 28 K Jayanti - ompiled by K Jayanti Rita Blitt Reaching Out From Within An exhibition of sculptures and drawings by Rita Blitt whose works are characterised by her easy combination of sculpture, music and drawing. National Museum Art Gallery. 9am-5.30pm. Closed on Mondays. On till Apr 2H. Free admission. The Russian Revolution186 words
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Article, Illustration608 1991-04-20 28 Awakenings. Robert De Niro does some hand and legwork and gets himself an Oscar nomination in this movie based on a true story about a catatonic case and his shy doctor. Robin Williams is the introverted physician who searches indefatigably for a cure and finds it, only to have608 words
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Page 17 Advertisements
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Advertisement202 1991-04-20 17 ll \l 111 ll<lf I \i lllsH f|\ SlNf.APtmi. Hurlxro Main slu >p Vmi h< li.ii>l K i>l *l< I "I I' ilji* Ktn.n—>.inn- sin if>| >ui)C Ati .i>l« v ij.i|>'t< I J A TH "<<"IH« shop ln-Shi>p I'\lM\H I>l >(N I ml* M\! 11 N* |S| IWllurl .i •IMI202 words
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Page 18 Advertisements
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Advertisement149 1991-04-20 18 f Only a few people will ever using only the finest materials, fixtures experience the elegant quality of this basic and fittings that are available in the world necessity with its own wrap-around kitchen. today. You will also soon realise that the J I than just a kitchen. Mimiimo. The149 words
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Advertisement24 1991-04-20 18 BT welcomes letters from you. Address them to: The Editor, Business Tunes, 390 Kim Seng Rd, Spore 0923. Letters should include your contact numbers.24 words
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Page 18 Miscellaneous
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Miscellaneous39 1991-04-20 18 DOONESBURY BY GARRY TRUDEAU *THE TRUTH IS, 8.P., YOUR. "SLOWLY BUT SURBW, TVZ 1 MAYBt IT'S GOTTA 85. tfMN6FORCO?M£TO B&HLEARNING TOTHINK I A 6A6 LOOK! TVS Beam MO&seuF- FORMYS&SM? A LSTTBR. T/P&?!BOOPpeUANT." J TAKE CHAP6d j 5/£ CANT mmt^m39 words
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Page 20 Advertisements
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Advertisement199 1991-04-20 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE t r -*C__ Treat Your I > Secretary To Something Special Treat your secretary to an authentic Penang Buffet Lunch and Fashion Show at the Princess Terrace Cafe. Every $20.00+ you spend entitles you199 words
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Advertisement264 1991-04-20 20 FOR THE WEEK AHEAD. Sunday casuals are welcomed at chic Chinoiserie Jeans are a goer, along with deck shoes and collared T-shirts but singlets, shorts, slippers and sandals are still not on. NO COVER CHARGE on CASUAL SUNDAYS and COMPLIMENTARY SNACKS will be served at 12.00 midnight. For an evening264 words
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Advertisement239 1991-04-20 20 Have Poolside "BBQ fytffet" Under the Stars! i "T Now, besides our weekend steamboat buffet is the new "all-you can-eat" Barbeque 1 Buffet. j BBQ Buffet* Adult: $17.00+ Child: $11.00++ Available onN on /inf uftutwr 1 Steamboat Buffet* v JAdult: $14.50++ f Child: $10.00+ 1 So head for Sky Garden239 words
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Advertisement338 1991-04-20 20 Scandinavian Buffet Lunch Noon 2.30 pm Adult: $36+ Child below 10: $18 We serve the world to you at The Belvedere. A lilktrailtWiinii. O** ;>«*» Jtj!' <<> Orchard Ro«d S.n«aporr <*:< TH :i'«4 „/V*'jf* a** The return of that particular Pertmakan perfection found only at the Cafe Vanda Authentic spicy338 words
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Page 21 Advertisements
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Advertisement221 1991-04-20 21 AND ENTERTAIN A SECRETARIAL TREAT APRIL 22 TO 26, 1991 Treat your secretary to a superb lunch to show your thanks for all her assistance during Secretaries' Week. Set Lunch: S$ IS. 50 Per Person Teppatiyaki Special: Ss-fO.OO Per Pl erjon Buffet Lunch: S$ J/. 00 Per Person ANA HOTEL221 words
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Advertisement59 1991-04-20 21 I he freshest, liveliest seafood place in town. You II have to go a long way to find seafood any fresher. Lunch: 12 noon 2.30 pm. -49" "T^J" Except Sunday. Dinner: 6.30pm II 00pm. M .<« I HI- >HHli|ll rurt llVfl l ilt PAN l»A< IFK lIOIH SlM.M'imt MARINA mjiahf59 words
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Page 25 Advertisements
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Advertisement11 1991-04-20 25 Great Eastern Life /Jj We take care of you for life11 words
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Advertisement493 1991-04-20 25 [express SHARE LOAN The eoAieat way of turning shares into m tk 4-fzot Quick and Easy. Get instant cash for your shares over the counter at any of our 28 branches Loans from $2,000 to $30,000 1 IGbssTumb,CT 2 1 bottle Remy Martin VSOP (3d) Borrow for one, two or493 words
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Page 26 Advertisements
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Advertisement348 1991-04-20 26 DHL IN THE NEWS Advertisement DHL INTRODUCES AUTOMATED CUSTOMER SERVICE To deliver even better phone-bank system, allows DHLs ACS system service, DHL Worldwide customers to select a service makes the booking of a Express now has an Auto- such as booking a shipment collection and tracking of a mated Customer348 words
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Advertisement237 1991-04-20 26 THE BEST OF AIRTROPOLIS CHANOI AIRPORT AIRTROPOLIS Singapore Changi Airport has been voted the best airport in the world... three times in a row. Overseas travellers recognise the airport for its fast, efficient and user-friendly facilities. From May 31, 1991, SPH newspapers will unveil a vivid portrait of Singapore Changi237 words
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Page 27 Advertisements
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Advertisement42 1991-04-20 27 You've got nothing Ibulouse trying Finnair next time you go to France. With a twice-weekly service from Singapore direct to Helsinki and then to everywhere in Europe from Paris to Prague. Call *****77 for details. We know Europe from start to PinnUh.42 words
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Advertisement124 1991-04-20 27 lm W'^H |l RL. Jk^r Scalpel...scissors._sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer. all the current trends that affect them you need to be kept well informed to maximise returns on your money Kssential information accessible every business day through Business Times. In the same way a124 words
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Page 27 Miscellaneous
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Miscellaneous323 1991-04-20 27 I &11 Hammer in the right vi place precisely (3,3,4,2,3.4) 6 Case reported of you and I To~~ 111 following planetary visitor 10 Frenchman outspoken on 11 Sec 1 across 12 21 down By a way gold was returned these days 15 P® j 17 I I I I before323 words
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Miscellaneous170 1991-04-20 27 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 20/14 Showers Bangkok 38/27 Fair Beijing. 20/07 Cloudy Brunei 32/24 Showers Hongkong 30/22 Sunny Jakarta 30/25 Rain Kuala Lumpur 33/24 Showers Manila 33/26 Fair Melbourne 18/09 Cloudy Perth 32/16 Showers Seoul 21/05 Fair Sydney 22/18 Cloudy Taipei 31/18 Cloudy Tokyo 16/13 Showers Wellington 19/12170 words
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Miscellaneous21 1991-04-20 27 PICK UP PEN.... Right WAhODOuw F\ 8VT.... L€-T'S GO I nSfcte ,C*> (C-j t 8409 C EVENING STANOAAO CO. LTD. IM2-IMI21 words
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Page 28 Miscellaneous
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Miscellaneous1559 1991-04-20 28 TODAY'S TV Tatkala Evander Vs George n.,0, m. While George .12? lub 11 doesn't know he can 1010 s«7« Sh"» Atlantic City and become the v jA Osom oldest heavyweight champion «4A ucation history, he for sure 12 i? what The Comnuter Meriam Bellina j^k j^^B. H on a v1,559 words
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Miscellaneous640 1991-04-20 28 MOVIES ON TV Akibat Kanker Paydara, Mon, Thank You, Mrs Clinkscales, 10.30pm, SBC 12 Wed, 10.30pm, SBC 12 So much for love being blind. Five boys and one girl beA young lady finds out first comes four boys too many, in hand how untrue this apho- this play about how640 words
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