The Business Times, 9 June 1990
1990-06-09
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The Business Times
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Title Section11 1990-06-09 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend Edition, June 9-10 1990 75*11 words
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NEWS & MARKETS SUMMARY
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Article30 1990-06-09 1 PROFIT-TAKING pushed US blue chip stocks lower yesterday, with the Dow Jones index of leading industrials off 10.20 points at 2,887.13 points 90 minutes into the session.30 words
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Article38 1990-06-09 1 LONDON share prices were lower at midday yesterday in listless trading. At about 1115 GMT, the FT-SE 100-share index was down 10.6 points, or 0.4 per cent, at 2,367.3. Volume was 258.7 million shares at midday.38 words
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Article68 1990-06-09 1 A CAMBODIAN government minister, three senior officials and two army officers have been detained for trying to form a political party in the one-party Marxist state, Cambodian sources and diplomats said yestetrday. Minister of Transport, Communications and Posts Ung Phan and coactivists were detained in late May after68 words
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Article34 1990-06-09 1 WITH no new players in the region expected for the next decade, the Singapore shiprepairing industry expects revenue to top $1.5 billion this year, up from $1.3 billion last year Page 234 words
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Article32 1990-06-09 1 BANKER-BUSINESSMAN John Curran is stepping down as chairman of feedmill manufacturer and trading group Gold Coin Ltd, after having been associated with the company for 15 years Page 332 words
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Article43 1990-06-09 1 THE WESTERN allies and Japan agreed on Thursday on the most sweeping relaxation of curbs on high-technology exports since the Coordinating Committee for Multilateral Export Controls was set up in 1949 to protect Western strategic interests and military security Page 743 words
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Article, Illustration29 1990-06-09 1 Friday Change BT-MGA 801.41 +4.61 Kuala Lumpur ....588.09 +2.35 Hongkong 3,174.33 +29.03 Tokyo 32,993.29 -199.21 Sydney 1,504.0 -4.8 Thursday Change New York 2,897.33 -14.32 London 2,378.40 +19.929 words
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Article21 1990-06-09 1 Exchange rates USS SSI.8485 Yen (100) SSI.2105 MS SS0.6826 Money market rates Overnight 6 1/4 +13/4 3-month 7 1/4% -1/821 words
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Article38 1990-06-09 1 London Gold PM fix US$353.50 +0.70 Rubber S'pore July 157.50 '/kg 0.25 M'sia July 229.00*/kg unch KL Tin Turnover 49 tonnes -29 Spot M$16.68/kg +0.02 Crude palm oil futures Turnover 656 lots -201 June M$667 /tonne +4.0038 words
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Article, Illustration419 1990-06-09 1 Genevieve Cua - Asia-Pacific operations likely to move downstream By Genevieve Cua UK-BASED CHEMICALS giant Imperial Chemical Industries (ICI) is concerned that a glut in primary petrochemicals will occur in the Asia-Pacific within the decade. As a result, its regional manufacturing expansion is likely to focus on419 words
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309 1990-06-09 1 Lee Han Shih - By Lee Han Shih SINGAPORE Airlines (SIA) is unlikely to list any of its subsidiaries in the near future, SIA chairman J Y Pillay said yesterday. Speaking to BT after the launch of an education programme for the airline's staff, Mr309 words
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212 1990-06-09 1 SINGAPORE Airlines has ended its near 30-year running battle with the International Air Transport Association (lATA). Along with three other regional carriers Cathay Pacific, Malaysia Airlines and Royal Brunei Airlines SIA will become a member of the association, the airline industry's coordinating212 words
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270 1990-06-09 1 Reuter SOME Hongkong-based banks have stopped accepting new Singapore dollar savings and time deposits from customers at the request of Singapore authorities. An official from the Bank of East Asia and one from a China-controlled bank confirmed that their banks had stoppedReuter - 270 words
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Article, Illustration313 1990-06-09 1 GROWTH in Singapore's external trade took a tumble in April, rising just 5 per cent in real terms over April last year compared to the broadbased double-digit growth over the first quarter. Latest figures from the Trade Development Board showed that in nominal313 words
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Page 1 Advertisements
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Advertisement117 1990-06-09 1 Nikon Ttw Wbrtd's Flrwtt Photographic System. COVER Lively in fiction only EL 1 F t.m Ajrcratt Schedule EL 11 Commodities 15 Company News 4 Cryptic Crossword EL 11 Executive tots EL 8 Futures Options 14 Interbank Fofex Rates 14 Home News 2 KLS£ 10 Money Changer Rates EL 11 Money117 words
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Advertisement17 1990-06-09 1 OPINIONS Job-hopping: When self-interest offers no dividends. EL 2 Why Thatcher will go the distance. EL 217 words
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Advertisement193 1990-06-09 1 PURSUITS :r7 if The Dedra: JS Anexecutive^fa^jjjj^^^^jgj There Are Those bo Recognise The raft Of GeraU (jenla. And There Are Those Who( an .Vlso Afford It. The watchmaking genius of Gerald Genta is encased in every timepiece he designs. Each is a treasure. And each carries his name to hear193 words
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Advertisement16 1990-06-09 1 PURSUITS Arts Fest reviews. EL 5 A square for Paris, a library for France. EL 516 words
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Advertisement16 1990-06-09 1 Nikon Tho Wfbrid't Floml Photographic System. JOBS New-age workers: New performance evaluation systems needed. EL 816 words
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Advertisement19 1990-06-09 1 FINANCE Bankers expect housing loan rates to stabilise. EL 9 Room at the inn for Hotel Plaza. EL 1019 words
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HOME NEWS
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NEWS ROUNDUP
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83 1990-06-09 2 FOLLOWING market leader Shell's announcement on Thursday, the other five oil companies announced cuts in pump prices of petrol and diesel. Like Shell, Mobil, Esso, BP, Singapore Petroleum Company and Caltex all announced 2.2 cents per litre reductions in two grades of petrol83 words
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Article46 1990-06-09 2 THE Rubber Association of Singapore has lent its support to the proposed Singapore International Arbitration Centre and has agreed in principle to be an equity partner of the centre, if necessary, said the association's chairman, Patrick Hays, at the association's AGM yesterday.46 words
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Article62 1990-06-09 2 FOUR ministries released their plans yesterday to help Singapore forge ahead and further improve the quality of life. The plans were incorporated as addenda to the Presidential Address at the second session of the Seventh Parliament. The ministries are Community Development, Communications and Information, Defence, and Education.62 words
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Article55 1990-06-09 2 THE SINGAPORE Bus Service is launching a new bus interchange at Boon Lay in conjunction with the opening of the Boon Lay MRT station. The interchange will bring passengers closer to the MRT station for convenient transfers. Services at the Jurong interchange will be shifted to operate55 words
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Article78 1990-06-09 2 A FORUM on ethnicity and a Singaporean Singapore will be held next week. It is organised by the National University of Singapore Society. To be explored at the forum is the long-term implications of race and religion in the region and in the Republic. Among the speakers78 words
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Article65 1990-06-09 2 BUSINESS TIMES carried an AFP (Agence France Presse) report on Thursday which said that West German cassette and videotape manufacturer BASF AG was taking over AgfaGevaert AG, a subsidiary of pharmaceutical giant Bayer. We have been informed by Bayer (Singapore) Pte Ltd that BASF was only taking65 words
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Article, Illustration475 1990-06-09 2 A J Leow - By A J Leow REVENUE for the shiprepairing industry is to top $1.5 billion this year, up from the $1.3 billion registered last year. This was the projection made by Mr Tan Mong Seng, managing director of Sembawang Shipyard. He was speaking at the475 words
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305 1990-06-09 2 Lilian Ang - By Lilian Ang A LEADING French aviation group, Labinal, is beefing up its presence in the Asia-Pacific by setting up an office in Singapore to penetrate deeper into markets in the region. The new company, called Turbomeca Asia Pacific Pte Ltd, is a305 words
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69 1990-06-09 2 SINGAPORE Telecom's new cordless telephone service has resulted in a $16 million bonanza for Motorola. The American electronics giant won the tender to install telepoint base stations for the nationwide second generation cordless phones (CT2). Singapore is the first country outside of the69 words
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SHIPS IN PORT
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Article537 1990-06-09 2 Vessel VoyHo Berth Arrival Pepartue Vend Vey Hi Berth Arrival Departs L M*"ogfc ***** S02 along-** 0806/2100 STEEL10FR K75 0806/1800 L cabe,us PTl 11 505 aton S,de 0806/1200 HSL 6/90 (P) K36 Si S 06 700 Jun ,,n 023/90 505 08 06/2200 l 0 °6 /0 830537 words
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Article1485 1990-06-09 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Transtainer Schedules Ship Voy No Arr Date fine From To Booking Gate EM( Op Gdn AHi Victory ***** *****0 0800 09/0830 09/0929 Portnet 2 R2 00 F05 09/1900 09/1959 Portnet 2 10/0430 10/0459 NA 2 8 Angsana 153 *****0 09001,485 words
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Article362 1990-06-09 2 Port Klang huchmg Port South Port Shoko berth 1; Bum Ik berth 2; Ruby C berth 3; Arnve on fane 7: Sang Thai Fortune. Mercury Pearl. C Y Mercury Jade berth 4: Hung Lee R berth 4; Swee Long Satu O'Connor. Seng Leong, Seng Hing. Kota Machan,362 words
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Page 2 Advertisements
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Advertisement9 1990-06-09 2 Motorola applies to test wireless personal phones, Pg 49 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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672 1990-06-09 3 Lim Mui Khi - By Lim Mui Khi BANKER-BUSINESSMAN John Curran is stepping down as chairman of feedmill manufacturer and trading group Gold Coin Ltd, after having been associated with the company for 15 years. Contacted by BT in Wales last night, Mr Curran, 57, said he672 words
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466 1990-06-09 3 MBT UMW HOLDINGS, which now displays a sounder and stronger balance sheet, is better poised to begin looking into new activities wmch will complement and enhance its existing core businesses. Chairman Tan Sri Zakaria Mohd Ali says the group is hopeful thatMBT - 466 words
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Article, Illustration212 1990-06-09 3 FAR EAST Levingston Shipbuilding Ltd (FELS) yesterday successfully launched a $100 million high-tech cablelaying vessel at its Pioneer Yard. The vessel, to be named "C S Global Link", is owned by Transoceanic Cable Ship Co Inc, a subsidiary of American Telephone Telegraph Co (AT&T), the212 words
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425 1990-06-09 3 Bernama MALAYSIAN Helicopter Services Bhd (MHS), in a move to expand from air to maritime transportation, is buying a 40 per cent interest in Perbadanan Nasional Shipping Line Bhd (PNSL) from Perbadanan Nasional Bhd (Pernas) for M 552.33 million. MHS executive chairman Tan SriBernama - 425 words
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483 1990-06-09 3 NST YEO HIAP SENG (M) Bhd (YHS (M)) expects its capital restructuring exercise, announced in March last year, to be approved by the Malaysian Capital Issues Committee (CIC) soon as there are only minor details to be finalised. Chairman Alan YeoNST - 483 words
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Article201 1990-06-09 3 THE United Overseas Bank group yesterday confirmed the acquisition of a 14 per cent stake in South China Morning Post (Holdings) Ltd for HK5415.8 million or HKS3.OB a share. In an announcement to the stock exchange, the bank said it has through its whollyowned subsidiary.201 words
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Article, Illustration481 1990-06-09 3 Schutz Lee - By Schutz Lee JAPAN'S All Nippon Airways Enterprises Ltd (ANAE) which manages the chain of ANA Hotels worldwide plans to start new hotel operations in China, the United States, Australia and Europe during the next few years. Mr Guido Jonas, general manager of ANA481 words
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Page 3 Advertisements
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Advertisement232 1990-06-09 3 The University Melbourne Postgraduate Diploma in Management Studies: 1991 A nine-month full-time course which covers the ma)or disciplines of management Suitable for |umor managers or technical people from any discipline who wish to move into management Tuition Fee A 13.140 (Accommodation, textbooks, Government charges are additional.) Candidates must have the232 words
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COMPANY NEWS
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COMPANY BRIEFS
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120 1990-06-09 4 INVESTMENT company AFP Group pic said it has provided AS 101 million in its accounts to write down to zero the book value of its stake in Elders IXL Ltd's parent Harlin Holdings Ltd. AFP joint chairman John Gerahty said it reviewed the120 words
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Article100 1990-06-09 4 SAAB Automobile AB managers were to meet at their headquarters in Trollhattan yesterday to consider further cost reductions for the loss-making company, the Swedish news agency TT reported. Spokesman Goran Ekstedt confirmed the board was to meet yesterday, but declined to comment on the TT100 words
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Article78 1990-06-09 4 DUTCH electronics group NV Philips said its medical systems unit set up a joint venture to install, service and repair its equipment in the Soviet Union. The venture, named Philips Medical Systems Services and based in Moscow, is 55 per cent owned by Philips' Hamburg-based78 words
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Article102 1990-06-09 4 MARUBENI Corp will offer to help develop infrastructure in an area of eastern Shanghai in China to help attract foreign investment, a spokesman for the major Japanese trading house said. Marubeni chairman Kazuo Haruna visited Shanghai in early May and was asked by the city's mayor102 words
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Article110 1990-06-09 4 TEXAS oilman T Boone Pickens is using the magic of the movies to try to make allies of Japanese shareholders in his battle against the management of car parts firm Koito Manufacturing Ltd. Kanji Ishizumi, a lawyer representing Mr Pickens in Tokyo, said 4,300 Koito shareholders110 words
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Article57 1990-06-09 4 HITACHI Cable Indiana Inc (HCI), a wholly owned unit of Hitachi Cable Ltd in New Albany, Indiana, will supply brake line sets to Ford Motor Co, an Hitachi Cable spokesman said. They will be used in Ford's Escort cars. Ford is expected to produce57 words
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Article59 1990-06-09 4 AMERICAN Airlines, a subsidiary of AMR Corp. will not bid for the Aerolineas Argentinas state-owned airlines, an Argentine official said. "American Airlines had asked for more time to make an offer. Although it was granted, they found themselves short on time to present a bid that59 words
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Article87 1990-06-09 4 ALPS Electric Co Ltd said it expects group net profit will surge to eight billion yen in the year ending March 31, 1991, from 711 million yen a year earlier. In a statement, the firm sees current profit climbing to 16.5 billion yen in87 words
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Article69 1990-06-09 4 A SUBSIDIARY of Bechtel Inc will become the first US member of the Japan Federation of Construction Contractors Inc (JFCC), a spokesman for the builders' group said. Overseas Bechtel Inc, Bechtel's East Asian subsidiary, was invited to join at a JFCC meeting attended by 1269 words
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Article, Illustration505 1990-06-09 4 Reuter FOUR big Danish food processing and exporting groups arc planning to merge, creating a group with annual exports of some six billion crowns and backed by slaughterhouses handling 75 per cent of Denmark's total pork output. The new firm,Reuter - 505 words
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133 1990-06-09 4 Reuter GENERAL Motors Corp (GM) is continuing to push aggressively into Eastern Europe. It announced it had made an agreement worth nearly US$ 1 billion to supply components to the Soviet Union's largest car manufacturer. GM said the deal will enable it "toReuter - 133 words
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157 1990-06-09 4 AP JAPANESE real estate giant Shuwa Investments Corp. long known for snapping up US commercial property trophies, is building an upscale, 200,000 sq ft apartment complex in Westwood, Los Angeles. The move into the residential market does not mean Shuwa is abandoning itsAP - 157 words
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380 1990-06-09 4 NYT IN A SURPRISE announcement, Conagra Inc has agreed to buy Beatrice Co for US$l.34 billion in a combination that will create the second-largest food company in the US. For Beatrice's owners, Kohlberg, Kravis, Roberts Co, the sale will end a frustrating ownership.NYT - 380 words
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Article, Illustration457 1990-06-09 4 NYT SEEKING to allay concern among investors, dealers and employees about a leadership vacuum at the Chrysler Corp. Lee A lacocca has said he would stay on as chairman beyond December 1991. The 65-year-old executive previously planned to decide by the end ofNYT - 457 words
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250 1990-06-09 4 NYT MOTOROLA Inc has applied to the Federal Communications Commission for permission to test and market wireless personal telephones in Chicago and Atlanta. The proposed systems would use high frequencies and low-power transmitters to accommodate many simultaneous conversations within a single office building,NYT - 250 words
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327 1990-06-09 4 AFP WEST GERMAN computer group Nixdorf was hit by a huge loss last year, it announced on Thursday, with the consolidated net loss amounting to 1.069 billion Deutsche marks (about US$633 million). The deficit, in line with analysts' expectations, is equal to a fifthAFP - 327 words
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Article185 1990-06-09 4 FT SHEARSON Lehman Hutton, which is reviving the name Lehman Brothers for its reorganised investment banking division, plans to revive a partnership structure there. Mr Howard Clark, sent in four months ago to resolve Shearson's problems by its parent, American Express, says the partnership arrangementFT - 185 words
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Page 4 Advertisements
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Advertisement393 1990-06-09 4 NATIONAL KAP LIMITED (Incorporated in the Republic of Singapore) Registered Office No 1 Third Chin Bee Road. Singapore 2261 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 1990 Annual General Meeting of the shareholders of the Company will be held on Thursday. 28 June 1990 at 11393 words
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FINANCIAL NEWS
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372 1990-06-09 5 Soh Tiang Keng - By Soh Tiang Keng A SURVEY on trading of off-balance-sheet items is now being carried out by the Singapore Foreign Exchange Market Committee. BT understands that the purpose of the survey, which started in March, is to find out the dealing volume and determine the372 words
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Article, Illustration384 1990-06-09 5 David Gabriel - By David Gabriel SINGAPORE Reinsurance Corporation Limited generated $8.4 million in pre-tax profits for the 1989 financial year. This represents a 26.4 per cent rise over the previous year, enabling the company to recommend a 10 per cent dividend to shareholders, up384 words
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210 1990-06-09 5 Reuter CHINA will soon issue 5.5 billion yuan in corporate bonds with the approval of the central bank, the People's' Bank of China, the New China News Agency said. Funds raised by the issue will be used to support major state construction projectsReuter - 210 words
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206 1990-06-09 5 Quak Hiang Whai - By Quak Hiang Whai NDC MERCHANT Bank, a wholly-owned subsidiary of DBS Bank, yesterday signed an agreement to raise $200 million to finance its fast expanding investment banking activities. Altogether, 31 commercial banks and merchant banks took part in the three-year note206 words
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Article, Illustration135 1990-06-09 5 AFP BRITISH press baron Robert Maxwell is to set up Bulgaria's first foreign bank, Bulgarian agency BTA said on Thursday. During a two-day visit to Sofia, Mr Maxwell's proposal was accepted by Bulgarian Finance Minister Beltcho Beltchev. Mr Maxwell will also be investing in the developmentAFP - 135 words
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164 1990-06-09 5 AFP JAPAN is expected to start enforcing in October new regulations to prevent laundering of drug money in Japanese banks and other financial institutions, a Tokyo financial newspaper reported yesterday. The Nihon Keizai Shimbun, quoting Finance Minis- try sources, said financial institutions will beAFP - 164 words
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331 1990-06-09 5 Reuter ARGENTINA has broken a 26-month holdout and paid its foreign bank creditors US$4O million of past-due interest on its commercial debt, officials said on Thursday. However, creditors had expected a good deal more ahead of possible debt reduction talks. "We paid US$4O million,"Reuter - 331 words
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SMALL CHANGE
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Article81 1990-06-09 5 WITH THE World Cup soccer fever picking up, new instruments are beginning to make the markets among the foreign exchange traders. Among other things, the dealers are betting on the number of yellow cards shown during last and current World Cup. The grey market has it81 words
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Article72 1990-06-09 5 WEST Germany's Westdeutsche Landesbank Girozentrale has set up a joint venture with East Germany's Deutsche Aussenhandelsbank AG. The joint bank, to be called Deutsche Industrie-und Handelsbank AG, will start operations at the start of July. The new bank will be based in Berlin and will be72 words
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Article48 1990-06-09 5 LONG-Term Credit Bank of Japan Ltd and Japan Leasing Corp have set up a London-based used-aircraft leasing company called Aviation Capital Enterprises Ltd. It is capitalised at US$lO million, and is owned 49.99 per cent each by both companies, and the rest by private investors.48 words
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Page 5 Advertisements
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Advertisement697 1990-06-09 5 xSx Golden Hope Plantations Berhad (Incorporated in Malaysia) Golden Hope Dtractor*: Registered Office: Tun Ismail bin Mohamad AM (Chairman) 13th Floor Dalo' Abdul Khalid Nn Ibrahim Manara PNB Zain Azaharl b*n Zainai AbWtn 201 -A.Jstan Tun Razak Mohammad bin Abdullah ***** Kuala Lumpur Abdul Rahman bin Rami! Malaysia Howe Yoon697 words
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Page 5 Miscellaneous
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Miscellaneous7 1990-06-09 5 Dollar$ Non$en$e PERILS OP HOME OANklKlCr J7 words
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THE REGION
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NOTE BOOK
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108 1990-06-09 6 THE PHILIPPINES and the US have formed a technical committee to monitor the implementation of a 1988 military bases agreement, Foreign Affairs Secretary Raul Manglapus said in Manila yesterday. Mr Manglapus and his US counterpart in 1988, George Shultz, signed the agreement under which108 words
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Article79 1990-06-09 6 PHILIPPINE HOUSE SPEAKER Ramon Mitra on Thursday opposed a series of fiscal measures by President Corazon Aquino's Cabinet, including new taxes affecting the rich. Mr Mitra said "even the rich need protection", in reaction to the administration's package, which included increased taxes on affluent consumption. The package79 words
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Article55 1990-06-09 6 KOREAN AIR (KAL), the South Korean flagship carrier, has obtained Beijing's approval to fly its only weekly Middle East flight through Chinese airspace beginning today. It is the first time that China, which has no diplomatic relations with South Korea, has authorised a regular KAL55 words
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Article78 1990-06-09 6 TAIWAN'S top economic planning body said plans to privatise 19 state companies were being blocked by parliament, which had not passed enabling legislation. "Our move to privatise state firms is now blocked in parliament. We do not know when the first state-run company will be privatised78 words
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Article80 1990-06-09 6 SQUID FISHERMEN in Japan, South Korea and Taiwan will continue to use drift nets and are collecting evidence to prove that the practice does not endanger the marine ecology. Taiwan Squid Fishery Association Chairman Wu Teh-chan said yesterday: "Unless there is proof that our operations are undermining80 words
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Article57 1990-06-09 6 INDONESIA has directed its ministers to fully study decisions taken at the just-concluded G-15 summit in Kuala Lumpur for implementation. President Suharto, who led the Indonesian team to the summit, has briefed his ministers on the outcome of the summit and directed them to make57 words
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271 1990-06-09 6 AFP SHANGHAI MAYOR Zhu Rongji arrived in Hongkong yesterday with a top-level trade delegation in a weeklong visit seen as aimed at attracting investment and expertise to the eastern city's latest development projects. The 15-member mission, organised by Shanghai Industrial Development Co Ltd,AFP - 271 words
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339 1990-06-09 6 THE HONGKONG economy can grow at least 0.5 percentage point faster than the official government forecast of a 3 per cent expansion of gross domestic product (GDP), according to a report in the South China Morning Post. In a lengthy report by Barring339 words
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530 1990-06-09 6 IHT IN MANILA'S Makati business district, real estate developers are busy expanding a skyline that only six months ago was under siege by rebel soldiers, and is still shadowed by the prospect of additional coup attempts. While daily power "brownouts", high interestIHT - 530 words
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395 1990-06-09 6 THE AMERICAN Chamber of Commerce in Thailand (Amcham) has renewed its call for the Bush Administration to withdraw its trade and investment embargo on Vietnam, pointing to the business opportunities for US companies, which can use Thailand as a base to395 words
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Article, Illustration57 1990-06-09 6 Chinese Assistant Minister for Foreign Affairs Xu Dunxin (right) meeting Thai Foreign Minister Siddhi Sawetasila (left) yesterday in Bangkok. Mr Xu is on his way to Hanoi where he is to hold talks with Vietnamese officials on Cambodian affairs. Two unidentified interpreters sit inSource: AFP Picture - 57 words
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515 1990-06-09 6 THE THAI Council of Economic Ministers is expected to approve a proposal for a drastic, across-the-board cut of import tariffs for machinery to 5 or 10 per cent, even though that will mean the government would lose about four billion baht a year in515 words
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Page 6 Advertisements
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Advertisement84 1990-06-09 6 It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and -<T issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business84 words
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THE WORLD
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498 1990-06-09 7 AFP THE WESTERN allies and Japan agreed on Thursday on the most sweeping relaxation of curbs on high-technology exports since the Coordinating Committee for Multilateral Export Controls (Cocom) was set up in 1949 to protect Western strategic interests and military security. ChiefAFP - 498 words
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Article, Illustration59 1990-06-09 7 US Vice-President Dan Quayle (right) at a meeting with Chinese student dissident Chai Ling at the Old Executive O ice Building on Thursday. Mr Quayle is pointing to where he was struck on the head by a sheaf of papers as he was leaving theSource: AFP picture - 59 words
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200 1990-06-09 7 Reuter A US GOVERNMENT survey of business expansion plans in 1990, published on Thursday, shows cautious American executives expect to invest only 5.5 per cent more than last year, the weakest pace of spending in three years. The Commerce Department summary, basedReuter - 200 words
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269 1990-06-09 7 AFP THE BAN ON imports of British beef ordered by France, Italy and West Germany in connection with Britain's "mad cow disease" has been lifted, effective immediately, EC Agriculture Commissioner Ray MacSharry announced in Brussels on Thursday. He stressed that the additionalAFP - 269 words
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412 1990-06-09 7 NYT THE US National Science Foundation planned to announce yesterday that a large group of the nation's leading communications and computer companies, universities and research laboratories and several government agencies will begin development of a high-speed network that would allow computer data to be transmittedNYT - 412 words
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214 1990-06-09 7 AP THE SOVIET UNION is ready to trade with rebellious Lithuania but at market terms, a high Soviet official said on Thursday. Politburo member Yegor Ligachev, considered a key leader of conservative forces that are pressuring Soviet President Mikhail Gorbachev, said a breakawayAP - 214 words
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247 1990-06-09 7 AFP THE West German trade surplus totalled 7.6 billion Deutsche marks (US$4 billion) in April, representing a fall of 23 per cent over April 1989, the federal statistical office said on Thursday. For the first time the cumulative surplus for the year wasAFP - 247 words
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407 1990-06-09 7 Reuter THE European Community agreed on Thursday to press for a worldwide ban on ozone-destroying chemicals to come into force between 1997 and 2000, officials said. EC environment ministers also committed the bloc to providing finance to Third World producers of the chemicals,Reuter - 407 words
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WORLD WATCH
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105 1990-06-09 7 JAPAN and the US signed an agreement yesterday on procedures to allow US companies to expand sales in the Japanese satellite market. The accord followed a basic agreement reached in April to allow US satellite manufacturers to compete on an equal footing105 words
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Article62 1990-06-09 7 AT LEAST 78 people have died in ethnic clashes which have swept the Soviet Central Asian republic of Kirghizia over the past five days, the official Tass news agency said yesterday. The situation in the region surrounding the town of Osh, where the conflict between62 words
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Article83 1990-06-09 7 WEST GERMAN CHANCELLOR Helmut Kohl on Thursday urged the West to support rebuilding Eastern Europe's economy and environment, saying those investments would reap rewards similar to the post World War Two Marshall Plan. "When Europe and America join their spiritual and material resources for this83 words
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Article60 1990-06-09 7 A EUROPEAN COMMUNITY official warned African nations on Thursday that they faced economic "marginalisation" unless they strengthened the private sector. Manuel Marin, European Commissioner for development and fisheries, on a three-nation tour of East Africa, urged African countries to move away from state-controlled economies. "Africa must60 words
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Page 7 Advertisements
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Advertisement38 1990-06-09 7 Win J p Boctok Check I Out I; The New Paper's m I Sunday I World Cup Editions p June 10, 17 24 July 1 8 4>, Available At All 7-Eleven p Outlets And |p Convenience Stores pf38 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4523 1990-06-09 8 Abdul Hadhi - By Abdul Hadhi SOME SEMBLANCE of life returned to the Singapore stock market yesterday, after more than a month of little activity. Market observers had earlier remarked that it was too early to say whether the market was staging a turnaround. Yesterday, however, they4,523 words
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Article4284 1990-06-09 9 Main Board FAN 935 f 45 +5.1% OCBCRts(F) 200 +42 +26 6% NOL Pref 10- 640 25 4.1% Spore Land 1530 +20 +1.3% DBS 1380 +20 +1.5% SPH Foreign 1080 +20 +1.9% RDC 338 +20 +6.3% UOBWt 336 +18 +5.7% OUB 550 +15 +2.8% OUB4,284 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3789 1990-06-09 10 Bernama SHARE PRICES on the Kuala Lumpur stock market closed steadier yesterday after moving within a narrow range in quiet trading because of buyers' reserve and a lack of direction. The KLSE Composite Index ended 2.35 points higher at 588.09 while the Industrial IndexBernama - 3,789 words
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Page 10 Advertisements
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Advertisement202 1990-06-09 10 SINGAPORE BUSINESS WE'LL DELIVER TO YOUR HOME OR OFFICE AT NO EXTRA COST! Exclusive Subscribe or renew your subscription now. The 120 subscribers will receive cl bottle (For Singapore i J SINGAPORE BUSINESS gives you indepth features on the latest Subscription rates: ,rends in finance commerce. property and the economy.202 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2226 1990-06-09 11 TOKYO STOCKS closed lower yesterday as players crowded the sidelines ahead of the weekend. Brokers said volume tapered off sharply after early volatility on settlement buying following the Thursday expiry of the June index futures and option contacts scared investors away from the2,226 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2586 1990-06-09 11 RENEWED OVERSEAS institutional buying following Thursday's downward correction gave a fresh boost to Hongkong share prices, which closed firmer yesterday. The Hang Seng index gained 29.03 points to 3,174.33. Brokers said yesterday afternoon's buying into blue chips had initially taken them by surprise as2,586 words
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REGIONAL STOCK MARKETS
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Aussie stocks end weaker but off lows
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Article1157 1990-06-09 12 AUSTRALIA'S sharemarket ended weaker yesterday but off its lows after arbitrageurs took advantage of discounted leading stocks in the afternoon. The All Ordinaries index ended 4.8 points off at 1504.0, after hitting a low of 1498.1 at the midsession break. The gold sector was dealt a battering, plunging 41.21,157 words
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Article97 1990-06-09 12 INDICES TURNOVER ChMe Jot 8 PrevkMH June 7 SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1504.0 2357.7 854.4 141.76 1508 8 2361.6 859.4 8 98.93 -4.8 -3.9 -5.0 +42.83 BANGKOK SET Index Turnover (nearest '000) 1033.78 45,134 1022.98 +10 80 34,210+10,924 JAKARTA Composite Index Turnover97 words
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Article530 1990-06-09 12 PHILIPPINE SHARES closed mixed yesterday as selling eased, but the main price index rose for the second day in a row in what analysts saw as a temporary interruption to the market's slide. The Manila Stock Exchange composite index inched up 7.62 points to 772.15. Combined turnover on the530 words
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Article389 1990-06-09 12 TAIWAN STOCKS fell sharply yesterday in the first minutes but the index was lifted off its lows in the last hour on strong buying in plastics shares. The weighted index, down more than 400 points at its lowest, ended 148.00 points, or 2.2 per cent, lower at 6,454.12. Turnover389 words
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338 1990-06-09 12 la local currency S$ la US$ Index %4»y year day year day year JIwc7 change change change change change chaagr World 438.7 0.3 -5.6 0.1 -9.7 0.1 -7.2 $EAFE 612.4 0.1 10.1 0.2 -14.5 0.2 -12.1 Europe 452.7 0.3 0.5 0.2 0.4 0.2 3.2 Pacific338 words
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Article699 1990-06-09 12 THAI STOCKS resumed a record breaking rally in heavy trading yesterday after two consolidating sessions with finance and bank issues leading the advance. Brokers estimated the composite SET Index gained 10.80 points to end at a record high of 1033.78. "Foreign buyers focused on banks while local speculators favoured699 words
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Article822 1990-06-09 12 SEOUL STOCKS weakened slightly in thin trading yesterday on news the central bank was planning additional issues of liquidity-tightening bonds this month. The composite index closed at 803.63, down 0.46 point from Thursday's close. Turnover was 181.7 billion won compared with 180.1 billion on Thursday. Central bank officials said822 words
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Article301 1990-06-09 12 NEW ZEALAND share prices closed marginally firmer but on thin volume yesterday. "We all expected it to be a rather better market after a couple of days selling," Buttle Wilson's Pete Halligan said. The Barclays Index ended an estimated 3.47 up at 1,780.94. Wellington NZ Cents VoKW) Air301 words
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Article465 1990-06-09 12 PRICES ON the Jakarta stock exchange closed mixed yesterday, with the index moving up 0.06 points to 636.06. Brokers said buying interest was strong in tyre maker Gajah Tunggal and Astra. They dominated the regular market at 118,000 and 105,000 shares respectively. Both shares crept up 50 rupiah, bringing465 words
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Page 12 Advertisements
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Advertisement6 1990-06-09 12 The Bombay report was not available.6 words
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WORLD STOCK MARKETS
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US stocks lower for third day running
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Article, Illustration1142 1990-06-09 13 PROFIT-TAKERS continued to hold sway over the US stock market on Thursday, sending blue chips lower for the third day in a row. Retailing and gold mining stocks were among the weaker issues. But selling was generally restrained, a sign that the rally could resume soon, analysts said.1,142 words
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Article, Illustration782 1990-06-09 13 LONDON SHARE prices ended higher on London's Stock Exchange on Thursday, but well below their session peaks. Traders said the market was being pulled in two directions, with London continuing to look undervalued relative to other leading exchanges but being led downward by Wall Street's fortunes. "There's a lot782 words
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Article239 1990-06-09 13 DUTCH SHARES were mostlv easier in dull early afternoon business with lower Frankfurt and London bourses weighing on the Amsterdam market yesterday. At 1130 GMT. the CBS allshare index was down 0.2 points at 120.9. Dealers noted selective demand underpinned some stocks including trading company Borsumij Wchry, up 0.40239 words
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Article113 1990-06-09 13 INDICES TURNOVER June 7 lost Pre* i« his NEW YORK 1X)» Jones 2897.3 J 2911 65 -14.32 NYSE Financial 152.15 152 74 -0 59 SAP 500 .363 1 5 <64 96 -1.81 Turnover (million) 160 42 164 02 -36 LONDON Financial Times 30 1904 00 1881 IN) •t-23.0 nsi iin)113 words
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Article175 1990-06-09 13 BELGIAN SHAKES prices edged higher yesterday in moderately active trading in a positive reaction to some corporate developments on Thursday. Ailing arms maker Fabnque Nationale rose eight francs after a rescue loan of 1.5 billion francs was announced by its parent company Societe Generate dc Belgique. Insurer Groupe AG175 words
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Article236 1990-06-09 13 FRENCH SHARE PRICES extended their opening losses at midsession in reaction to a sharp drop in Matif bond futures, but trading remained quiet yesterday. The CAC-40 index was 23.25 points lower at 2,027.20 at 1119 GMT. It had opened 5.75 points lower at 2,044.70. Dealers said a drop in236 words
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Article193 1990-06-09 13 WEST GERMAN SHARES closed sharply lower for the third consecutive day, as no tresh news emerged to give direction to the market yesterday. "There's no real activity at all. There is no motivation for professional investors to either buy or sell. Any transactions we do see are mini-volume." The193 words
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Article335 1990-06-09 13 JOHANNESBURG GOLD shares continued weak at midday yesterday after Thursday's sharp falls as nervous investors kept a wary watch on the vulnerable bullion price. Dealers said trading was very quiet as jittery markets absorb the implications of Thursday's drop in the gold price to its lowest level in nearly335 words
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Article140 1990-06-09 13 ITALIAN SHARES started stable ahead of options expiry day on Monday, with chemicals firm Montedison in the limelight in early trading yesterday. The MIB was unchanged at 0930 GMT with 28 per cent of closing prices fixed thus far. Montedison, lifted by heavy foreign buying, surged one per cent140 words
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Article270 1990-06-09 13 SWISS SHARES traded higher at midsession yesterday. Dealers reported Zurich's lower inflation rate in may supported sentiment. One dealer said, he expected consolidation was finished and trading should be good also in the next week. The all-share SPI index was 3,4 points higher at 1,183.8. The SMI index of270 words
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Article421 1990-06-09 13 TORONTO STOCKS dropped in moderate trade on Thursday, dragged down by sharp losses in gold shares and a correction on Wall Street, dealers said. Bank stocks were boosted by a lower Bank of Canada rate and expectations interest rates will soon fall, they added. The composite index gained 7.29421 words
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Article103 1990-06-09 13 Stockholm June 7 kronor Alfa Laval B Free 257 unch A sea B Free Astra Free 555 -5 Atlas Copco 330 +5 Ericisson B Free 1300 unch EsabFree 330 unch S. E. Bankcn 86 +1 Sandvik B Free 295 -2 Skandia 196 -I Skf B Free 171 -1 Volvo B103 words
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CURRENCY, MONEY & FUTURES MARKETS
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1194 1990-06-09 14 FOREX MARKET REPORTS Reuter TRADING in the US dollar continued its quiet run in the world's major currency markets yesterday as dealers stayed on the sidelines in anticipation of next week's US economic figures. May's retail sales, producer and consumerReuter - 1,194 words
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Article393 1990-06-09 14 Cross rates June 8 USS SS MS Dm Yen SFr AS NZS USS ***** 2.7065 1.6935 152.60 0.5926 ***** 1.2903 1.7212 SS 0.5408 1.4638 0.9159 0.8253 0.3205 0.7802 0.6978 0.9309 MS 0.3695 68.32 0.6257 0.5638 0.2190 0.5330 0.4767 0.6359 Dm 0.5905 1.0918 1.5982 90.11 0.3499 0.8518 0.7619393 words
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Article576 1990-06-09 14 Interbank rates S$ Bid Offer Overnight 6 1/4 6 1/2 1-month 7 1/4 7 3/8 2-month 7 1/4 7 3/8 3-month 7 1/4 7 3/8 Overnight mode: 6 5/8 |!S$ Offer 7 days 8 3/16 8 5/16 1 month 8 3/16 8 5/16 2 months 8 3/16 8576 words
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1888 1990-06-09 14 AFP FORMER French president Valery Giscard d'Estaing and former West German chancellor Helmut Schmidt urged on Thursday that the European Currency Unit (ECU) should be more widely used in the European Economic Community (EEC). The ECU should be used in an initialAFP - 1,888 words
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COMMODITIES
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389 1990-06-09 15 Reuter GOLD bullion slid to its lowest in almost four years in European trading on Thursday, depressed by overseas selling, a gloomy outlook on price charts and a basic lack of demand for the metal, dealers said. It dropped as low as U*****.50 anReuter - 389 words
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263 1990-06-09 15 AFP AUSTRALIAN wool producers took the government to court on Thursday over its move to cut the floor price as Primary Industries and Energy Minister John Kerin promised the world textile industry he would never do it again. Mr Kerin announced last week aAFP - 263 words
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Article124 1990-06-09 15 Retuer OIL PRICES steadied on Thursday after a dramatic slide this week, but industry executives and analysts were unsure which way they would go next. Spot prices by midday on Thursday in London had regained about 30 US cents of the latest one-dollar a barrelRetuer - 124 words
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791 1990-06-09 15 REPORTS THE price of tin rose another two sen to M$ 16.68 per kg on the Kuala Lumpur Tin Market (KLTM) yesterday on higher demand and seller's reserve. At the opening, bids amounted to 50 tonnes against offers of only 29 tonnes.791 words
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Article1399 1990-06-09 15 Rubber June HAS (t»> hi S cents/kg Noon Close Inl I RSS Prompt 155.50/156 50N 155.75/156 75N Int 1 RSS July 90 157.25/157.75 I57.50/I5800N Inl 1 RSS August 158 75/159.25 I58.75/I59.25N Int 2 RSS OP 151 50/153.SON 151 50/I53.50N Int 3 RSS OP 146.00/148.OON 146.00/148.00N Int 4 RSS OP1,399 words
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Page 15 Advertisements
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Advertisement16 1990-06-09 15 j Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.16 words
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Advertisement540 1990-06-09 15 NOTICES UNITED INDUSTRIAL CORPORATION LTD (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Application! have bm made to the director* at the abovenamed company to lame duplicate thare certificate* In place of the following share certificate* which have been reported lost or destroyed: No of share* Certificate No. Name540 words
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Advertisement116 1990-06-09 15 LAM TONG INVESTMENTS PRIVATE UNTIED (MEMBERS' VOLUNTARY WINUNG-UP) NOTICE Of HNAL GENERAL MEETING Notice it hereby given pursuant to Section 306 (1) ft (2) of the Companies Act, Cap. 50, thM Final Meeting of the Company *Hi be hetd at 101 Upper Crow Street *04-43 People's Perk Centre, Singapore 0105116 words
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Article, Illustration408 1990-06-09 16 Anna Teo - By Anna Teo INDICATIONS that the Singapore International Chamber of Commerce (SICC), the Singapore Manufacturers Association (SMA) and the Singapore National Employers Federation (SNEF) the three groupings that share an international representation and business orientation may eventually band together under a new umbrella408 words
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379 1990-06-09 16 WITH THEIR sights set on post-1992 Europe, the European business communities here have decided to band together. On the cards is an European Community National Business Group formed from the various European business groups in Singapore. The committee members of the new business group379 words
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343 1990-06-09 16 AFP MALAYSIA yesterday expressed concern about efforts to prohibit certain traderelated investment measures (TRIMS) alleged by some countries to be trade-distort-ing. Trade and Industry Minister Rafidah Aziz said it was important for these countries to understand that investment measures undertaken by Malaysia were veryAFP - 343 words
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366 1990-06-09 16 SINGAPORE may well have to accept a higher level of foreign workers if it aspires to a Swiss standard of living by the end of the decade, said the outgoing chairman of the Singapore International Chamber of Commerce, Boon Yoon Chiang, yesterday. Reiterating the366 words
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362 1990-06-09 16 SINGAPORE is the third largest supplier and market for Indonesia, after Japan and the United States. And it is the country's ninth largest foreign investor. A Singapore International Chamber of Commerce study showed that Singapore's exports to Indonesia rebounded last year, with a growth362 words
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238 1990-06-09 16 Bernama BANK BURUH BHD said a half a percentage point hike in the base lending rate (BLR) rather than a one percentage point rise is more likely as this will be more in accordance with the recent increase in the cost of funds.Bernama - 238 words
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Article, Illustration52 1990-06-09 16 President Corazon Aquino and Japanese Ambassador Tsuneo Tanaka (on her left) taking a look at the big catch of a Filipino fisherman during the inauguration of the Saul fishing port yesterday. The port was built at a cost of US®2.7m with Japanese aid. Source:Source: AFP Picture - 52 words
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382 1990-06-09 16 NYT HITACHI LTD has said that it has developed a prototype memory chip that can store 16 times more information than the highest-capacity models now in commercial production, an ability that will make it easier for future computers to store voices and detailed images.NYT - 382 words
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Article244 1990-06-09 16 Bernama MALAYSIAN Prime minister Datuk Seri Dr Mahathir Mohamad yesterday rapped the country's trade unionists who are more concerned with the welfare of American labour rather than looking after the interests of Malaysian workers. He said Malaysian Trades Union Congress (MTUC) leaders had gone toBernama - 244 words
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182 1990-06-09 16 Reuter THE RUSSIAN Federation, the largest Soviet republic, declared yesterday that its constitution now took precedence over Soviet laws, Tass news agency said. The Russian Federation parliament, led by rebel president Boris Yeltsin, approved by 544 votes to 271 an article which declared thatReuter - 182 words
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443 1990-06-09 16 AFP A SENIOR Soviet official said yesterday he had renewed a request for Moscow to join the annual dialogue on economic and political issues that the Association of South-east Asian Nations (Asean) holds with its major trading partners. Igor Rogachev, the Soviet Union'sAFP - 443 words
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Page 16 Advertisements
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Advertisement253 1990-06-09 16 A Sichuan Culinary Heritage at Golden Phoenix Phoenix M Hotel Equatorial. Tel: *****31 BUSINESS OPPORTUNITY IN MALAYSIA SINGAPORE- YOU NEED:"HANDBOOK FOR BUSINESSMEN DOING BUSINESS IN MALAYSIA" Compiled and edited By Goh Tianwah l"he aim of this Handbook is to provide company and industry and those who want to start doing253 words
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Advertisement17 1990-06-09 16 r*r*i A Treasury of <sbeoa 1 Hfpsr l Alpine Pleasures w. at Chesa Hotel Equatorial. Tel: *****3117 words
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Executive Lifestyle
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Article, Illustration1369 1990-06-09 17 Malini Tambyah - Penelope Lively may have won the Booker Prize, but now she seems a trifle bored with her well-used themes, observes Malini Tambyah Malini Tambyah I DON'T KNOW." Penelope Lively is wondering if God exists. Maybe He does, maybe He doesn't. She won't take any one piece1,369 words
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STRAWS IN THE WIND
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Article71 1990-06-09 17 KNOWING about Prime Minister Lee Kuan Yew's aversion to cigarette smoke, Turkish protocol officers went out of their way to ensure smoke-free rooms on his recent visit to their country, where there are puffers aplenty. At the end of the trip, one official remarked: "You know what71 words
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Article63 1990-06-09 17 TOURISTS at the Ayasofya Museum in Istanbul were curious about the Asian dignitary being shown around the 1,500-year-old church-turn-ed-mosque-turned-museum. "Who is he?" a tourist asked a ticket-collector. "The Prime Minister of South Korea," came the reply. A little later, another tourist went up to one of the63 words
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Article88 1990-06-09 17 AT THE dinner that Dr Lothar Spaeth, Prime Minister of the German state of Baden-Wurttembeig, gave in Mr Lee Kuan Yew's honour in Stuttgart, guests were delighted to find miniature Singapore flags made out of red and white marzipan on their plates during dessert. Later, on the way88 words
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OPINIONS
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763 1990-06-09 18 Shoeb Kagda - At times, the marketing of Singapore at the recent Global Strategies Conference seemed like preaching to the converted. Perhaps, says Shoeß Kagda, but the sermon had something for everyone. Shoeb Kagda The writer is on the Politics and Economics Desk. FOR THREE DAYS this763 words
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Article, Illustration1118 1990-06-09 18 Neville Stack - Don't start placing bets on the British Prime Minister s resignation yet, advises Neville stack. Neville Stack The writer was formerly an editorial consultant to The Straits Times. He is now a writer, consultant and political commentator in England. He is also a friendSource:Punch - 1,118 words
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168 1990-06-09 18 Peter Chia - LETTER TO THE EDITOR Peter Chia l*uhlic Affairs Manager Stock Exchange of Singapore WE REFER to your report, "SES ruling disappoints foreign brokers" (BT, May 21), which dealt with the terms under which foreign securities Mouses establish operations in Singapore. These foreign firms know168 words
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Article, Illustration1094 1990-06-09 18 Martin Soong - While job-hoppers are here today and gone tomorrow, job-hopping itself looks set to stay for a while. Martin Soong examines the issues. Martin Soong The writer is on the Politics and Economics Desk. JOB-HOPPING appears to be developing into a sports fad of sorts. Sport1,094 words
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SPORTS
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Article, Illustration1610 1990-06-09 19 In the World Cup, the action's not just on the pitch. Ask any Italian entrepreneur. IHT ONCE EVERY FOUR years, the El Dorado, the gilded one, rises from the playing fields of international soccer, its fabulous riches providing a beacon for entrepreneurs, promoters and mercenariesIHT - 1,610 words
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Article415 1990-06-09 19 AP WHEN YOU ASK most Italians how the US will do in the World Cup, they giggle. Everyone except the team seems to be expecting a flop. "We've been listening to the same song and dance for the last couple of months, especially since we qualified,"AP - 415 words
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Article, Illustration536 1990-06-09 19 AP YULIA BERBERIAN does not appear to be the matriarch of a unique tennis dynasty. Peering from behind her owlish glasses, the 1.60 m 46-year-old Bulgarian just looks like the typical tennis mother chauffeur and chaperone. But looks are deceiving. Berberian, nine times the national tennisAP - 536 words
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PURSUITS 1
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Article, Illustration565 1990-06-09 20 Samuel Ee - Samuel Ee rides a smooth operator Samuel Ee COMPARED TO the Teutonic tide that's never ebbed on Singapore shores, Lancia has never had much of a following here. But that plight change with the Dedra. A mid-range saloon that is a replacement of the Prisma, the Dedra shares565 words
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Article, Illustration263 1990-06-09 20 GOT A 10-YEAR-OLD car but can't afford the premium slapped on the road tax? Forced to scrap it but can't bear the thought of old Clanger rubbing bumpers with the rusted denizens of the local steel mill? If only Cesar Baldaccini lived in Singapore. The Frenchman who263 words
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Article, Illustration207 1990-06-09 20 No, this is not a Fab ad. And neither is anyone washing their dirty linen in public. Besides, they don't even have linen at Mix the Shop. Ail there is is a range of tops in cotton and cotton combinations. The brainchild of a207 words
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Article, Illustration517 1990-06-09 21 Jaime Lye; Samuel Ee - At the Festival of Arts, Jaime Lye is repelled by an insect while Samuel Ee is bowled over by an engaging couple Jaime Lye Samuel Ee IF YOU paid good money to see the French Temps Fort Theatre's Les Gallons de Glace at Kallang Theatre early517 words
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Article, Illustration586 1990-06-09 21 What do you get when classically trained singers try to do a fast number? Schutz Lee takes note JUST AS you would not expect Madonna to sing selections from Bizet's Carmen, one would not expect Placido Domingo to add Michael Jackson's Bad to586 words
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Article, Illustration483 1990-06-09 21 THE LIGHTS are out. The stage is pitch black. Someone cries out "Aah!". Either it's a sigh of relief or this is an Eno commercial in the dark. But neither one it is. Because even before you get the satisfaction of picturing a guy483 words
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Article, Illustration605 1990-06-09 21 A Surendren - An acclaimed French architect tells A Surendren what makes a good foundation A Surendren Dominique Perrauit, young, upstart French architect, turned the tables on everyone when his design clinched the top spot for the new Bibliotheque de France the National Library. To605 words
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EPICURE
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Article, Illustration467 1990-06-09 22 Quek Swee Peng - Quek Swee Peng samples some masterpieces Quek Swee Peng THE ITALIANS have been conditioned by history to an epicurean lifestyle of enormity and sustenance: huge servings and heavy sauces. Attempts at nouvelle cuisine have proven futile; they have been met with hostility and, frequently, misconstrued. But, says visiting467 words
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Article178 1990-06-09 22 COLD STORAGE and the Singapore Hotel Association are thrilled. The joint presenters of Magnolia's Dessert of the Year Award 1990, they are delighted to have received more than 30 entries. And, says Alan Palmer, head of Food Production Department at Shatec: "There were some very ingenious entries178 words
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LIFESTYLE
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Article, Illustration973 1990-06-09 23 Richard Seah - Who reaps the benefits of scientific experiments? Certainly not the animals that are subjected to torture, and rarely, if at all, the human beings in whose name the experiments are carried out. So why do it, wonders Richard Seah Richard Seah A RATSource:Punch - 973 words
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565 1990-06-09 23 N K Yong - WINE N K Yong SAUVIGNON BLANC WINES tend to get little attention. They're usually dismissed as wines which taste and smell like kiwifruit. This does not do justice to wines which have great immediate appeal and are admirably priced for the quality. Sauvignon565 words
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Article, Illustration702 1990-06-09 23 Sybil Holloway - BRIDGE By Sybil Holloway THE SINGAPORE HEAT of the sth Epson Worldwide Bridge Contest takes place today at 9am at the NUSS Guild House in Kent Ridge. The contest, organised by the World Bridge Federation and sponsored by the Seiko-Epson Corporation, is being held simultaneously702 words
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JOBS
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Article, Illustration423 1990-06-09 24 Genevieve Cua - By Genevieve Cua THE TRANSFER of technology or expertise, especially in the context of the petrochemical and chemical industry, is usually from the West to the East. But the world's largest chemical company is bucking the flow. American giant Du Pont is looking423 words
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Article, Illustration1230 1990-06-09 24 Jamil Husain - Job functions today are either so specific or so hybridised that they are quickly redefining salary structures and performance evaluation systems. Jamil Husain explores the much-needed revolution already underway Jamil Husain Jamil Husain is a principal at US international management consultants and actuaries Towers, Perrin, FosterSource:Punch - 1,230 words
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200 1990-06-09 24 A COMPLETE personal job-suitability evaluation in 10 minutes? Not impossible at all, if a new computerised evaluation system being marketed by Thomas International Management Services is used. First developed in the United States by a management professor, the system is able to evaluate the200 words
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Article, Illustration266 1990-06-09 24 HITACHI Data Systems (HDS) Southeast Asia, a joint venture company owned by Hitachi Limited and Electronic Data Systems Corporation, has announced the following appointments. GREG CORNFIELD has been promoted to the post of Southeast Asia marketing support director. Mr Cornfield, with 22 years of data processing experience,266 words
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Personal Finance & Investment 1
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715 1990-06-09 25 Quak Hiang Whai - By Quak Hiang Whai THE recent rise in interest rates has resulted in higher instalment payments on outstanding mortgages for home owners. The hike in home loan rates during the last two months was as high as 1 percentage point as in the715 words
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637 1990-06-09 25 Reuter GOLD prices will remain stalled at US$35O-US$37O an ounce for the next few months due to a strong dollar, high interest rates and decreasing physical demand, after falling last week on rumours the Soviet Union would sellReuter - 637 words
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Article, Illustration565 1990-06-09 25 Prof Alan Budd - Prof Alan Budd, economic adviser to Barclays, outlines the factors that have helped the pound to advance strongly lately Prof Alan Budd STERLING has advanced strongly in recent weeks and at the beginning of June was trading at around 1.68 against the dollar and 2.85 against theChart by TeleTrac - 565 words
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651 1990-06-09 25 Professor Alan Street - Starting this week, Taking Cover will feature a series of life assurance articles from the Life Insurance Association of Singapore TAKING By Professor Alan Street The writer is a professor at the Nanyang Technological Institute THE HARDSHIP that surviving family members can suffer651 words
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DON'T QUOTE ME!
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Article170 1990-06-09 26 THE BIG FOUR local banks became the Big Three at the recently concluded Global Strategies Conference which provided a perfect platform for the banks to fly their flags. While DBS, UOB and OUB grabbed the offer from the organiser to host lunch or dinner for170 words
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Article51 1990-06-09 26 At THE same conference, Alain Gomez, chairman and chief executive officer of Thomson, was reported to have told his audience: "Years from now, the wisest decision might be to bring production plants back to Europe and move the headquarters to wherever the brightest, most hard working people51 words
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Article118 1990-06-09 26 DONALD J Trump is fond of calling the Plaza Hotel, which he bought two years ago, "the ultimate trophy in the world". But the famed Manhattan luxury hotel has proved to be a costly trophy. Mr Trump paid US$39O million for the Plaza, and another US$5O million to118 words
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Article52 1990-06-09 26 ELITE jeweller Cartier International is strictly uncompromising when it comes to its products: "Cartier has its own style, either you take it or leave it! We don't make anything to the specifications of anybody," Alain Dominique Perrin, president of Cartier International, who was recently in Singapore, was quoted52 words
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Article44 1990-06-09 26 THE NEWLY-FORMED Mitsui Taiyo Kobe Bank the result of a merger between Mitsui and Taiyo Kobe banks is faced with a giant-sized problem how to sit the reconstituted board comprising a staggering 66 directors, the largest in any Japanese bank.44 words
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Article, Illustration364 1990-06-09 26 Reuter AT THE frenetic Bangkok stock exchange harried traders have taken to wearing jogging shoes. They are the best gear for fighting through the melee around the popular stock boards. A month-long boom at Asia's fastest emerging market has left traders ragged andReuter - 364 words
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Article717 1990-06-09 26 Pricss (a* at 7.8.90) Conversion tarms (dtooountl E P,,V Amount Optional** using Company Issusd Wrts Shara Ln stk LnBtk Gaarlng 4 (m units) Conv Exar Cash Cash' Ln atk J Da,# TT ratio prica vaius S CACWt 37.5 2 040 4.460 1.00 3.09 15 2.19 26.4.93717 words
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Article, Illustration954 1990-06-09 26 Lim Mui Khi - STOCK By Lim Mui Khi HORROR STORIES of no room at the inn may be bad news for those in need of them. But they are certainly not for hoteliers. And with expectations of visitor arrivals not letting up for the next two954 words
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Article201 1990-06-09 26 SEVERAL analysts have recommended investors to take profits in shares of gold and gold mining companies because the prices of those issues have stayed stable despite steep drops in the price of the metal. "Gold stocks are defying gravity. The gold stocks have been under nowhere201 words
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Article, Illustration203 1990-06-09 26 Fraser Roach - OUUIT Fraser Roach WITH economic and corpo- rate fundamentals still strong on both sides of the Causeway and interest rates remaining low. both institutions and small investors would not stay under-in-vested for long. We have witnessed many occasions when investors would grab203 words
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536 1990-06-09 26 David Fuller - David Fuller observes the bulls and bears David Fuller MOST people are confused and do not know whether to be a bear or a bull. Mr David Fuller, chairman of London-based Chart Analysis, in his latest international investment letter Fullermoney, said the confusion is536 words
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THE TRAVEL PAGE
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Article977 1990-06-09 27 City Flight ETA Flight ETD Abu Dhabi GA976 0010 Adoiaido SQ226 2035 QF81 2105 Amsterdam SQ23 1350 KL838 2115 KL837 1430 SQ24 2200 AttMM QF16 1820 Auckland TE25 1610 TE28 1730 SQ338 1925 BA12 2200 Bahrain QF10 1845 QF5 2230 Bandar Sari B1421 1100 SQ182 0915977 words
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Article, Illustration598 1990-06-09 27 P Chakravarty - LETTER FROM SHIMLA By P Chakravarty CRUMBLING mansions and inns have opened up to the streams of tourists who stumbled on this erstwhile British retreat while hunting for a quiet summer holiday away from violencetorn foishmir. Tucked away on the northern Himalayan frontier, Shimla, or598 words
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Article152 1990-06-09 27 As at 3pm yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4200 1.4400 Canadian dollar 1.5600 1.5800 NZ dollar 1.0570 1.1070 Sterling pound 3.1000 3.1300 US dollar 1.8460 1.8560 Iixal dollars to 100 units of foreign currency Austrian schilling 15.20 16.20152 words
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Article73 1990-06-09 27 Duration T itlc Venue Organiser Tel Duration Title Venue Organiser Tej Jun 7-13 International Fair West Dusseldorfer (49)211/4560 J|M| Inlcrnatl0na France Com.te des (33)1/*****001 for Packaging Germany Messegesell- Plastics Exh Expositions de Machinery, schatt mbH Pari n K t ini I roio Packaging Nowea Materials Sl M^hKKTv^73 words
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TIME OFF
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Article246 1990-06-09 28 Houston Symphony The Houston Symphony performs Rachmaninoff Piano Concerto No. 3 (Tzimon Barto, pianist) and Tchaikovsky Symphony No. 4 tonight. Tomorrow night's programme features Japanese violinist Teiko Machashi playing Mendelssohn's violin concerto. Other works are Old and Lost Rivers, by resident composer Tobias Picker, and Dvorak's Eighth Symphony. Venue:246 words
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Article, Illustration120 1990-06-09 28 Rupa Natarajan First solo exhibition of a collection of highly colourful and active studies of human life, habitats and landscapes. Born in India and a graduate of the College of Arts in Calcutta and New York School of Interior Designing. Natarajan is now residing in Singapore. She is a120 words
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Article, Illustration524 1990-06-09 28 Back to the Future Part 111. Michael J Fox and Christopher Lloyd amaze with their nonsensical interpretation of time travel a third time around. They jump into their De Lorean and take a trip to the Wild West for flying trains and love at first sight. Also stars Mary524 words
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Page 17 Advertisements
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Advertisement128 1990-06-09 17 a a "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." sr^SSSjll OMEGA. The watch that records the world's significant moments. w At the Olympic Games. In outer space. And exclusively for you. j§f. The Ometta Constellation128 words
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Page 18 Miscellaneous
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Miscellaneous46 1990-06-09 18 DOONESBURY I ABSOLUTELY HW&fT THINK ycu NOTICW* UHEH- I A GRIJSH ON A I APOHAOU I IPUNNO- an- 6CfTA CRUSH $o? EVER.HE COMES TEACHER. Mt9S>\ HQUOU? 95. SHE <JariMX ONHK.-mACH&... I. H^Jrs2»S I«»«e»el was I cAuee s g^ w: A\ *Kk»™%s T 5 fcKIW 1 I46 words
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Page 19 Advertisements
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Advertisement243 1990-06-09 19 STOCK EXCHANGE OF SINGAPORE SUPPLEMENT 1990 The global equity market Is losing much of its shine. Volatility rules the day, and the technology that brings markets closer to each other also exposes one market to another's weaknesses. But with the increased risk or volatility also comes greater opportunity for profit.243 words
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Page 20 Advertisements
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Advertisement19 1990-06-09 20 fM Jk imßKr |Hb fc ft 9 '9H^l T^ 1 fl^Bk Hf t 2|bL /^Bjt -j&tm t fl V19 words
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Page 22 Advertisements
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Advertisement1017 1990-06-09 22 WHERE TO WINE. DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... II .1 I Some of our best advertising is by word of-mouth. wsr si For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 3301,017 words
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Page 23 Advertisements
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Advertisement286 1990-06-09 23 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. (&nll SUNDAY BRUNCH: 11AM TO 2 30PM IB Wm Jf ADULTS T fIW >" Ka CHILDREN Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and children.286 words
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Advertisement259 1990-06-09 23 PRODUIT DE FRANCE I S3 LEX 1988 750 fTll A??cUAT:sr: ?Cutnr-F'jy.E ccstroiee 12.5 vol. I I m* C ST SATUR and KV/lIV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE HAPPYHOURS One for one drinks, FREE titbits Restaurant Hours Lunch: Karaoke Hours Mondays to Saturdays Daily: 11.30 am to 2.30pm 7.00pm259 words
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Page 24 Advertisements
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Advertisement250 1990-06-09 24 *00 v* «Mlm OF SUMCJ imo IWO TURN THE PAGES INTO A REWARDING CAREER 4 The Pan Pacific Publications Group of companies are engaged in book publishing, jQyX book retailing and wholesaling, paper gt merchandising and paper converting and PAN PACIFIC PUBLICATIONS GROUP i den,i g R f ec, n250 words
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Advertisement239 1990-06-09 24 DHL IN THE NEWS Advertisement /m iPTAIICDC Ol IDDADT DHL wasalso the proud recipient of the CUbfUMtriO wUrrUn I first-ever National IT Award 1990, presented by the National Computer Board. DHL emerged winner DRIVE DHL TO WIN in the Private Sector from a total of 84 nominations received DHL was239 words
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Page 25 Advertisements
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Advertisement60 1990-06-09 25 SINGAPORE FINANCE I presents the Latest Rate! I m W I For more information on our I attractive rates, call LISA at I 222 8844/222 5544. I Similar rates are also available at I all Hong Leong Finance branches. I A SINGAPORE FINANCE LTD I jfsjFT I 144 Robinson Road60 words
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Page 27 Advertisements
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Advertisement35 1990-06-09 27 huvincv* person s choice e\er\ rucsda\. -y Thursda\,Viturda\ andNundas.Leasinft hangi I ySf I— \irport at 22:25 hours and arri*ing at 1a J (lujrjuor Newark International \irport* the A KItKAT II OK KKKSIi AIK >- Air Canada35 words
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Advertisement258 1990-06-09 27 HONG KONG BANGKOK KUALA LUMPUR hotel available in other NEW WORLD- INDRA REGENT FR $85 HILTON FR SBO |k 1A (HARBOUR VIEW) FR $90 RAJAH FR 549 HOLIDAY INN- m/wla TAirei NEW WORLD- ROYAL ORCHID- CITY CENTRE FR 544 japan KOREA (KOWLOON) FR $74 (SHERATON) FRSI46 PARK AVENUE FR S6O258 words
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Page 27 Miscellaneous
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Miscellaneous180 1990-06-09 27 wine accepted (7) about for soup j|j| ||fl 14 Parasitic plant found in 16 Neat sum of money? 23 Industry dependent on 2\ people off work (7) 24 Permission to proceed at MH |H| MH IB H 25 Lower prices (7) I I I I I r 26 Actively expressed180 words
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Miscellaneous227 1990-06-09 27 KTTrTTTTTT^^HH Singapore Outlook: Showers over many areas in the late morning and early afternoon. Report: Max temp (Thurs) 33.5* C Assoc humidity 62% Min temp 27.0* C Assoc humidity 90% Hrs of sunshine 5.80 Rainfall in mm Trace Rainfall this mth 13.8 Rainy days this mth 2 World forecast Asia-Pacific227 words
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Miscellaneous20 1990-06-09 27 hiLUiA.Miglfflgro?! t HPOTO STAND ON Scnd rne nv PBE.T AR£»LUMG we-.. MOT ScwPy^ c EVENING STANOARO CO. LTD.. IN2-IM* fcM20 words
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Page 28 Miscellaneous
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Miscellaneous1522 1990-06-09 28 TODAY'S TV Between Two Brothers, 2pm, Space: The Frontiers and Be- 800 AM The Further AdvenTVI yond, 8.05pm, SBC tures of Supertag. A 1982 TV movie about two A programme that looks at 9!m I^H^s^ShL. very different brothers. One man's past, present and tu- 10.15 Mother Goose. a prominent, social-clim-1,522 words
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Miscellaneous676 1990-06-09 28 MOVIES ON TV Deal of the Century, Mon, staff of a Boston under--8.30pm, TV2 ground newspaper about to An occasionally funny satire bought over by a printing on international weapons tycoon. John Heard, Lindsay merchants. Chevy Chase en- Crouse, Jeff Goldblum and tertains as the travelling arms J'" Eikenberry give676 words
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