The Business Times, 25 March 1989
1989-03-25
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The Business Times
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Title Section11 1989-03-25 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, March 25-2G 75 CENTS11 words
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Article74 1989-03-25 1 Stock Indices FrWoy Tokyo Nikkei Average 31,568.52 (-20.14 Thursday Now York (Dow Jonos) 2,243.04(-20.17 London (FT 30 Indox) 1,698.4( 7.9 KL Tin 24.45 M$/kg 0.13) Turnover: 82 44 Palm oil Turnover: 1033 lots 424) Apr M$931/tonno (-M$8 May M$930/tonne (-M$8 Jun M$928/tonno (-M$U) Market holidays The Stock74 words
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152 1989-03-25 1 Reuter JAPAN has discovered a major gold deposit on a remote island in Indonesia by analysing photographs taken from satellites, government researchers said in Tokyo yesterday. Agency researchers detected the deposit by observing magma and underground streams in enhanced satellite photographs, saidReuter - 152 words
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269 1989-03-25 1 CHINESE LEADER Deng Xiaoping says he and other veteran leaders bear some of the responsibility for "mistakes" committed in implementing reforms in China over the past 10 years. Deng Xiaoping has called education the nation's biggest failure in the past269 words
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182 1989-03-25 1 AFP THAI Prime Minister Chatichai Choonhavan said in Bangkok on Thursday that he had never asked Washington to set up a telephone "hotline" with Bangkok as press reports had suggested. He told reporters he had received a response in Bangkok on Thursday fromAFP - 182 words
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332 1989-03-25 1 AFP SOUTH KOREA has begun a campaign to avoid being targeted by the US as a "priority country" for fresh trade talks and possible trade retaliation, officials in Seoul say. Trade and Industry Minister Han Seung-Soo will visit Washington next monthAFP - 332 words
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566 1989-03-25 1 JOHN TAN - Talks with All Nippon Airways in advanced stage By JOHN TAN IF THINGS go according to plan, the Singapore-based Abacus reservation system will be linked to All Nippon Airways" (ANA) Able system by this November. According to Mr Eiji Tanaka, the regional and566 words
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Article, Illustration513 1989-03-25 1 LILIAN ANG - By LILIAN ANG PRIME MINISTER Lee Kuan Yew has supported the pay increases for ministers and stressed the importance of having good political leadership. Speaking in Parliament on Thursday, Mr Lee said that, in a developing country, "a good political leadership is critical,513 words
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Page 1 Advertisements
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Advertisement201 1989-03-25 1 Nikon The Wbrid's Flneat Photographic System. COMPANY SERVICES NEWS 5 Aircraft Schedule .3 Jewellery, furniture 2 US interest rates I J I J"**™ STtLa.s, All set for year of strong growth Further rise unlikely, says Brady ,ne r own CLOB Rubber. Tin sys,em Dividends 5 MTUC 2 Third world debt201 words
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Advertisement11 1989-03-25 1 Seoul's exports hit by strikes, currency and wage pressures, PAGE 311 words
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Advertisement300 1989-03-25 1 Nikon The World's Finest Photographic System. i iK_j CL Tea and loyalty... Page 9 Mm The most English of champagnes Page 13 tttatt* It will melt in your mouth, after all Page 11 Art Renoir for sale in Singapore Page 12 m fi fiT* The contrarian who flKggliß p l4300 words
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HOME NEWS
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Article, Illustration488 1989-03-25 2 JEFFREY TSANG - By JEFFREY TSANG SINGAPORE JEWELLERS and furniture makers are set for a year of strong growth in their export business. The jewellers are optimistic that sales to the Japanese market will grow by as much as 50 per cent this year. At the488 words
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Article109 1989-03-25 2 THE Jurong Town Corporation has budgeted an operating income of $443.8 million for the new financial year ending March 1990 With recurrent expenditure budgeted at $233.2 million, this would result in a net operating income (before contribution to the Consolidated Fund) of $210.6 million,109 words
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Article48 1989-03-25 2 ABOUT 100 underprivileged children from agencies supported by the Community Chest of Singapore will be treated to a Charity Easter Pantomime at the Orchard Hotel tomorrow. The Hong Leong Group of Hotels and City Developments will be jointly hosting the Easter Sunday party.48 words
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Article, Illustration266 1989-03-25 2 KEVIN WONG KINOCHEUNQ has been appointed general manager of Straits Steamship Company Limited. Along with a Bachelor's degree in civil engineering, Mr Wong holds two Master's degrees one in real estate development from MIT and an MBA from the Golden Gate University, San Francisco. Prior to this266 words
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Article1158 1989-03-25 2 Niooo 42 2503/1900 2603/1500 AT CONVENTIONAL WHARVES no 2503/.SX 2so3,.8x rk JURONG PORT Vessel Berth Arrival Departure <L, lianMo ji aiongs.de 2soq/T30o a... lfl J6 2503/0700 KEPPEL WHARVES ?E££,.on o 2503,7300 Continent I *19 olongs.de 2703/2300 No 17 J2 0lon9j.de 2503/0900 Cottbus *28 olongs.de 2503/0600 J2 otongs.de1,158 words
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OVERSEAS
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Article275 1989-03-25 2 Reuter THE MALAYSIAN Trades Union Congress sued the government yesterday for banning a national electronics union. The suit is expected to cause jitters among foreign investors. After a simmering public row that started seven months ago, Deputy Secretary General G Rajasekaran said the MTUCReuter - 275 words
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193 1989-03-25 2 AP ONE OF Taiwan's biggest manufacturers in multi-layer and flexible printed circuit boards for computers, Ya Hsin Industrial, will set up a factory in Malaysia, the firm's chairman said on Thursday. Construction of the factory will begin in Penang next month at aAP - 193 words
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333 1989-03-25 2 Bernama SEVERAL established companies from Japan and South Korea have agreed to invest a total of M 5423 million in Johor soon, Mentri Besar Tan Sri Muhyiddin Yassin said. A total of M 5323 million will be invested by JapaneseBernama - 333 words
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388 1989-03-25 2 Reuter TAIWAN'S indirect trade with China through Hongkong is expected to rise more slowly in 1989 after hitting record highs last year, the Board of Foreign Trade said yesterday. Two-way trade rose almost 80 per cent to US$2 72 billion inReuter - 388 words
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308 1989-03-25 2 Bernama THE CONGRESS of Unions of Employees in the Public and Civil Services (Cuepacs) yesterday said that the question of misinterpretation by the unions pertaining to the cancellation of service circular 2/79 did not arise at all. Cuepacs president A Ragunathan saidBernama - 308 words
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239 1989-03-25 2 Oana-Yonhap SOUTH KOREA will send a feasibility study team to Kuala Lumpur next month in search of a site for an industrial estate exclusively for South Korean factories, officials at the Trade and Industry Ministry said earlier this week. Malaysia isOana-Yonhap - 239 words
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277 1989-03-25 2 UPI THE US PRODUCE industry hailed the return of Chilean grapes to the American market on Thursday, but said the cyanide tampering scare that temporarily cut off sales may cost more than US$24O million. Pears and nectarines should begin moving into storesUPI - 277 words
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429 1989-03-25 3 Reuter AIRLINES and European airports tightened security after a US government warning of a possible hijack plot in Europe, and White House officials assured travellers that all reasonable safeguards had been taken. State Department and White House officials said on Thursday that the warningReuter - 429 words
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Article955 1989-03-25 3 ARRIVALS DEPARTURES Operator Service Local From Operator Service Local For number time number time UAL UA97 0010 LAX/NRT GIA GA976 0005 AUH/CDG OAL OA471 0015 ATH SIA SQ78 0010 NRT MAS MH601 0110 KUl AC AM31 0015 MAA/BOM SIA SQ11 0115 IAX/NRT SIA SQ6 0020 OSA CAL955 words
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150 1989-03-25 3 Reuter THE MOM-AND-POP shops peppering Japan are losing ground to larger, well-connected competitors, and industry analysts say that may be good news for frustrated importers. A survey released this week by the Ministry of International Trade and Industry showed the number of shops runReuter - 150 words
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409 1989-03-25 3 AFP NEW YORKERS are urban creatures par excellence, but they are turning to Mother Nature in a bid to rid the city of its eight million rats. That is as many rats as there are Manhattanites, and the ratAFP - 409 words
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428 1989-03-25 3 Reuter AFP US AGRICULTURE Secretary Clayton Yeutter denied that Washington has abandoned its goal of ending farm subsidies in world trade and said he would accept Gatt's rewording of the US position. He said on Thursday that the wording of Arthur Dunkel, direc-tor-generalReuter; AFP - 428 words
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564 1989-03-25 3 Reuter US GRAIN sales to the Soviet Union are expected to remain brisk despite Moscow's plan to reform its struggling farming sector in a bid to become less dependent on imports, agricultural analysts say. But they add that the changes are likelyReuter - 564 words
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Article, Illustration114 1989-03-25 3 BLACK IS beautiful, they say. but in Britain today black means business too Jeni Francis. 29, pictured above with the award, a bronze statuette by Paula Williams, beat 340 candidates to become Britain's Black Businesswoman of the Year Today, she is114 words
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93 1989-03-25 3 AFP THE SOVIET Union has started building a third giant aircraft-car-rier, the largest to date, according to Pentagon sources quoted in the latest edition of Jane's Defence Weekly. The 75,000-ton ship, of a new type, will be about 10,000 tons heavier than the two Tbilissi-type aircraft-carriersAFP - 93 words
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313 1989-03-25 3 Reuter LATEST trade figures show South Korea's "Little Dragon" economy may be running out of fire as export growth is damped down by labour unrest, forced currency appreciation and higher wage settlements. Trade Ministry officials said on Thursday that provisional figuresReuter - 313 words
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315 1989-03-25 3 Reuter ISRAELI police said a plainclothes officer violated procedure on Thursday by posing as a journalist before arresting Palestinians. The international television news agency Visnews had filmed two men in civilian clothes in a hired car with handwritten "Press" signs in its windows in ArabReuter - 315 words
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175 1989-03-25 3 Reuter FOREIGN PIRATES of American films and trade barriers cost major Hollywood studios more than US$l billion a year in lost revenues, a US trade association said. "Piracy is the number one problem facing American film distribution abroad." the MotionReuter - 175 words
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Page 2 Advertisements
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Advertisement8 1989-03-25 2 Prompt pick-up and delivery 24 hours a day8 words
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Page 3 Advertisements
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Advertisement57 1989-03-25 3 —i -m The bujintw pmon'f choice every Tueiday, I g RII K I Thursday, Saturday and Sunday. Leaving 111 I\ II II I Changi Airport a( 22:05 houn and arriving I ll\| m II Heathrow early the following morning. QJI your Tnvtl Agent or Air Cauda 2t 7)*****. IWJ A57 words
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Page 3 Miscellaneous
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Miscellaneous281 1989-03-25 3 City Ma*/ Note JS Singapore Adelaide 20/14 Fine Amsterdam 06/04 Cloudy OUTLOOK: Showers Athens 19/09 Cloudy over meny areas beBohroln 24/17 Clear tween mid-after noon Bangkok 34/25 Clear and early evening. Barbados 29/24 Cloudy Report for 24 hours prior Beijing 15/04 Clear to 7.30pm on March 24 at Beirut 15/08281 words
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Miscellaneous37 1989-03-25 3 Doonesbury by garry trudeau HJHAT POES 6 nF%OY MK.7FUMP HE'S ASKSP X ANYWAY* XXJ t*&6IN6 I THATSAFtV THINK OF IT* MB TO PO ALL -THE BOSS'S \^^^S,^Z CHAFGeS J THAT*, MKT. THE-OTHER VpUTf CHAUFFEUR. BATHROOMS I HONEY*37 words
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BANKING AND FINANCE
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508 1989-03-25 4 Reuter US TREASURY SECRETARY Nicholas Brady says inflation seems to be cooling off and suggests there may be no reason to raise interest rates further. Although the White House and the Federal Reserve have sometimes squabbled in recent months over the inflation threat, FederalReuter - 508 words
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Article, Illustration558 1989-03-25 4 THIRD WORLD DEBT AP FRENCH PRESIDENT Francois Mitterrand has said that solving the Third World debt crisis will get priority at the summit of the seven industrialised democracies in Paris in mid-July. Mr Mitterrand said in Paris on Thursday that he would tryAP - 558 words
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578 1989-03-25 4 Reuter FRANCE'S established financial futures market, Matif. which plans links with a global screen trading system to give it an edge over European competitors, may soon face tougher competition from a private competitor at home. OMF. 20 per cent-owned byReuter - 578 words
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Article315 1989-03-25 4 KUALA LUMPUR: The US dollar closed at 2.7500/10 and the Singapore dollar at 141.70/80 yesterday. TOKYO: The dollar closed steady against major currencies after fluctuating narrowly in extremely dull and thin trade yesterday, dealers said. "The Tokyo market alone cannot drive the dollar much either way because overseas315 words
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Article172 1989-03-25 4 Gold futures on Mar 23, 1989 100 troy ounces. USS par troy ounce Opon Htgh Loo W«6 Mor 396.30 396.50 396 50 ***** •1 60 N* 396 60 397.60 391.70 393.40 -1.70 Moy 395.80 -1.80 Jun ***** 402.50 396.50 398.30 -1 90 Aug 407.00 407.90 402.50172 words
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Article279 1989-03-25 4 IMM CURRENCY FUTURES ended a holiday-shortened session slightly lower on Thursday but off daily lows when short-covering just before the close trimmed losses. Commercial selling at mid-morning sparked fol-low-through local selling that drove futures to the lows of the day in thin conditions, traders said. Futures had firmed early279 words
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COMMODITIES
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392 1989-03-25 4 Reuter UK REPRESENTATIVES of the three main zinc-using industries galvanising, brass-making and die-casting warned of the substitution threat their products face due to current high prices for zinc. At a recent London Metal Exchange (LME) zinc seminar they pointed to competition in their variousReuter - 392 words
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300 1989-03-25 4 Bernama PRICES of Indonesia's crude oil in the next six months will be calculated on the basis of the average spot price of a basket of five crudes. Indonesian Mines and Energy Minister Ginandjar Kartasasmita said in Jakarta on Wednesday thatBernama - 300 words
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258 1989-03-25 4 UPI CHINA, expected to be the largest buyer of US wheat this year, has bought 400,000 tonnes of wheat at subsidised prices, according to the US Agriculture Department. The purchase on Wednesday was the second major buy by Beijing this month and pushedUPI - 258 words
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160 1989-03-25 4 MALAYSIA'S January rubber production dropped 16 per cent to 145,437 tonnes from 172,900 tonnes in December and 163.468 tonnes a year ago The Malaysian Statistics Department said on Wednesday that estates output amounted to 43,901 tonnes against 54,175 tonnes in December while smallholdings160 words
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Article92 1989-03-25 4 TOKYO: Rubber futures closed easier on disappointed selling by individual speculators yesterday, dealers said. Prices were 1.1 to 2.2 yen per kg down. Abundant stocks are still depressing the market. "Current stocks are estimated at around 110,000 tonnes, well above the usual level of 75,000." said one analyst. The92 words
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Article163 1989-03-25 4 TOKYO: Yen-denominated gold futures closed narrowly mixed yesterday, from one yen per gram down to four up, in extremely sluggish trading, dealers said. Trading was quiet in absence of leads from most overseas markets, which closed yesterday for Easter holiday. Operators mostly ignored the dollar's overnight rebound against163 words
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Article113 1989-03-25 4 CHICAGO BOARD of Trade soybean futures on Thursday gave back Wednesday's gams to close on a weak note, under pressure from the weak tone in CIF Gulf soybean basis values and the lack of scheduled export tenders, traders said Soybean futures ended down 6-1/2 to 9-1/2 cents per bushel,113 words
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Article99 1989-03-25 4 CHICAGO BOARD of Trade wheat futures recovered from morning lows on nervc is speculative short-cov-enng on Thursday ahead of the holiday weekend ending up two cents per bushel in May at US$4 28-1/4 to unchanged in new crop September The new crop months remained stuck in a standoff between99 words
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Article184 1989-03-25 4 THE KUALA LUMPUR tin market price rose 13 cents to M 524.45 a kg yesterday, extending Thursday's gains, following persistent local and European buying, dealers said. Turnover rose to 82 tonnes from 38 on Thursday. "Fundamentally, the market Is still strong," one trader said, adding that he expects184 words
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Article438 1989-03-25 4 MALAYSIAN crude palm oil prices extended their losses at the close yesterday on further speculative selling and buyer reserve, reflecting easiness in palm oil futures and Chicago soyoil futures overnight, traders said. Trading was extremely quiet with dealers unwilling to take positions ahead of the closure of major438 words
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COMPANIES & STOCK MARKETS
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Article, Illustration416 1989-03-25 5 WILLIAM CHIA - By WILLIAM CHIA TRACTORS SINGAPORE, the heavy equipment and spare parts subsidiary of Sime Darby Singapore, has been appointed sole distributor for the internationally known range of British trucks, AWD Bedford. Tractors Singapore managing director Chang Siew Man said the AWD416 words
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Article872 1989-03-25 5 Currant Ex Books Data Total lor ToUl lor payment data doee payable the year laat year Asiatic Do* 35% Moy 22 Jun 5 Jul 4 5.5% 5% Avimo I5%TE Mar I Mar 13 May 15 25%TE 20%TE BAT I00%lk) Mar 27 Apr 6 May 3 I22 7%IU 50%872 words
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594 1989-03-25 5 ii&JJJtfs MBT AOKAM Tin blamed an "administrative" slip-up lor the furore faced by its 10per cent associate company in Thailand. Recent Bangkok Post reports had accused two mining companies of deceiving investors. The two, both listed on the Stock Exchange ofMBT - 594 words
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Article, Illustration759 1989-03-25 5 MBT HAVING seen the success of Singapore's new computerised stock trading system, Malaysian brokers now want the Kuala Lumpur Stock Exchange to speed up its own programme to computerise trading. These brokers claim that they are losing business to their Singapore counterpartsMBT - 759 words
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KLSE
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187 1989-03-25 6 Reuter MALAYSIA'S national oil company. Petronas, signed a contract with the Royal Dutch Shell Group under which Shell will invest Ms 2 billion on oil exploration in an offshore oil field in East Malaysia. Under the contract. Shell's local unit, Sarawak Shell Bhd,Reuter - 187 words
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Article, Illustration3383 1989-03-25 6 UNCERTAINTY was the watchword on the Kuala Lumpur stock market yesterday as share prices were subjected to mixed sentiments. Brokers said dabblers were cautious as a number of overseas bourses were closed yesterday for Good Friday. Some will remain closed on Monday. A broker said dabblers3,383 words
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WORLD MARKETS
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Article, Illustration869 1989-03-25 7 New York Reuter WEAKNESS in the airline group dragged Wall Street stocks to a lower finish on Thursday, mirroring Wednesday's move when slumping technology issues hurt stocks, brokers said. Recession jitters combined with higher oil prices to slash airline share prices. "On Wednesday, the technologyReuter - 869 words
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Article, Illustration995 1989-03-25 7 London Reuter THE LONDON equity market ended a dull week on a positive note on Thursday, with some players deciding it was time to take advantage of the recent decline and get some cheap stock on their books, dealers said. At 1540 GMT, the FTSE 100Reuter - 995 words
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Article1259 1989-03-25 7 Selected indices HONGKONG All Industrials Hongkong tad.. SX 5SS SX w J 4 W«n* ogo 2.***** NEW YORK Hang Seng Index Dow Jooej 3Qwt2 Tho,Mk, v 2.***** Wednesdoy 2.***** W<">* °fl° 3.136 94 W(M>k ogo 2.340 71 TOKYO Standard Poors Nikkei Average Wedwdoy ***** f'*oy ***** 52 Week ogo 2991,259 words
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Article86 1989-03-25 7 Reuter Italian shares rebounded yesterday after a slow start, boosted by strong demand for the banking sector, brokers said. The MIB index, down 0.7 per cent at 1000 GMT, ended 0.20 per cent higher to 1,014. Blue chips finished mixed. BNA ordinary surged 5.6 per cent andReuter - 86 words
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629 1989-03-25 7 NYT IN A major step towards round-the-clock electronic trading of securities. Reuters Holdings pic and its Instinet subsidiary have joined with the Chicago Board Options Exchange and the Cincinnati Stock Exchange to plan a network for trading options and stocks. The proposed electronic networkNYT - 629 words
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481 1989-03-25 7 AFP THE WINDS of change are blowing through Britain's multi-billion-pound brewery industry, with the official Monopolies and Mergers Commission calling for the breakup of a system under which three-quarters of the country's public houses are owned by the same giant firms supplyingAFP - 481 words
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Article, Illustration563 1989-03-25 7 Tokyo Reuter TOKYO share prices closed easier yesterday after an initial surge in slack, featureless trading with most investors sidelined and some taking profits ahead of the long Easter weekend and end-of-year book closings on March 31. brokers said. "There is nothing for anybody to react to."Reuter - 563 words
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Article460 1989-03-25 7 Reuter THE TAIWANESE stock index swung over more than a 100-point range yesterday on waves of bargainhunting and profit-taking before the market closed largely firmer, dealers said. The weighted index rose 40.89 points to reach 7.381.15 against Thursday's 7.340.26 finish and a high of 7.450 83 loggedReuter - 460 words
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Article156 1989-03-25 7 Reuter THE Securities Exchange of Thailand Index rose 0.79 points to 435.42 yesterday on a turnover of 6.496.475 shares worth 433.88 million baht. MAN 24 BAMT Ao Kham Thai 388 unctt Ayudhya Investment 37 75 *0 75 Bangkok Agro-lnd 123 unch Bangkok Bank 273 -2 Bank OfReuter - 156 words
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Article137 1989-03-25 7 Reuter SOUTH KOREAN investors fled to the sidelines yesterday as securities companies bought and sold stocks to improve profits and market share ahead of the fiscal year-end on March 31. brokers said. "They're just turning their portfolios over and over." noted a Daewoo Securities broker. The compositeReuter - 137 words
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Page 5 Advertisements
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Advertisement118 1989-03-25 5 Rnancial Newsmakers l Erona Singapore's Financial f J I Supermarketl VHHH YEARS OF GROWTH THE EMERGENCE of Singapore as a financial centre began in 1968 with the launch of the Asian dollar market. This local pride, which deals in foreign currencies, turns 21 this year. To commemorate this special occasion,118 words
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Page 5 Miscellaneous
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Miscellaneous26 1989-03-25 5 by Martell t/£C///&e£'4 A gtzXPtM?' h/wr{/MP <£.3. OA/U/ A &*7Z£> TOW/ OF APO&&6 77 77>&P i*/JAST? o>4 7D A4&A/& 7& a*/0 /ro&t/&rF#oAt// v JS sg /> v26 words
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Page 6 Advertisements
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Advertisement794 1989-03-25 6 NOTICES IN THE MATTER OF THE* IN COMPANIES ACT CAP 50 CC AND IN THE MATTER OF TYME INVESTMENT PTE LTD 11 NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) <f At an extraordinary general meeting of the mem- e ra bers of the above-named bei794 words
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Advertisement760 1989-03-25 6 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF MERIDIONAL INVESTMENT PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At an extraordinary gen- eral meeting of the memi bers of the above-named Company, duly convened i and held at760 words
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Advertisement747 1989-03-25 6 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF FORDHAM INVESTMENT PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the members i of the above-named Comi pany, duly convened and b held at747 words
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Advertisement724 1989-03-25 6 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF DEMONA INVESTMENTS PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the members of the above-named Company, duly convened and held at 190 Middle Road724 words
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Advertisement684 1989-03-25 6 IN THE MATTER OF THE COMPANIES ACT CAP 30 AND IN THE MATTER OF FINEST INVESTMENT PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the mem- bers of the above-named I Company, duly convened and held at 190684 words
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Page 7 Advertisements
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Advertisement18 1989-03-25 7 Vienna and Stockholm prices wore not available. Moat of the European markets wore closed yesterday tor Good Friday18 words
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Advertisement524 1989-03-25 7 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 9» AND MARINE MACHINING (PTE) LIMITED At an Extraordinary General Meeting of the Company held on Monday, 20 March 1968 at 11.00 a.m. at 182 Pandan Loop, Singapore 0512, the following resolutions were passed:SPECIAL RESOLUTION WINDING-UP That Marine Machining (Pte) Limited524 words
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347 1989-03-25 8 AFP US PRESIDENT George Bush said Japan should share a greater burden of the defence of the Pacific, but not so much that it raises "the spectre of Japanese imperialism" in Asia, The Washington Times reported yesterday. Mr Bush made the brief commentsAFP - 347 words
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132 1989-03-25 8 AP WILLIAM BUSH, younger brother of US President George Bush, has agreed to work as a consultant for the Samsung group, one of South Korea s largest conglomerates, a company official said in Seoul yesterday. Under a contract to be signed soon, the officialAP - 132 words
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Article, Illustration292 1989-03-25 8 UPI PRIME MINISTER Noboru Takeshita will formally apologise for Japan's 36-year colonial rule of the Korean peninsula and try to reopen dialogue with communist North Korea, government officials said in Tokyo yesterday. Foreign Minister Sosuke Uno told the Diet (parliament) on ThursdayUPI - 292 words
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193 1989-03-25 8 Reuter TAIWAN'S cabinet approved a sweeping anti-inflation programme on Thursday, aimed at reducing the growth of the money supply and the island's trade surplus, a cabinet statement said. It said the government would also tighten credit, boost spending on 14 major projects and sell publicReuter - 193 words
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167 1989-03-25 8 NYT RESPONDING to pressures from exporters, the US Commerce Department has announced action to reduce controls and simplify licensing procedures for computers and medical equipment bound for the Soviet Union. The changes relax procedures covering shipment of such products as advanced personalNYT - 167 words
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153 1989-03-25 8 Reuter PRESSURE on former Japanese Premier Yasuhiro Nakasone to testify before Parliament on his alleged links with a share scandal increased yesterday, when one of his predecessors publicly said he should do so. Former prime minister Zenko Suzuki called on the rulingReuter - 153 words
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476 1989-03-25 8 WALTON MORAIS - By WALTON MORAIS WITH A PERCEPTION that a major security gap is emerging in the South China Sea region, the future of Asean air cooperation may shift focus from air defence to maritime air security. Mr Mak Joon Num. senior defence analyst of476 words
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153 1989-03-25 8 Reuter KUWAIT, seeking to expand its downstream oil investments into Asia, has agreed to study projects in Thailand, including the purchase or construction of petrol stations, a Thai minister said on Thursday. Korn Dabbaransi. minister to the Prime Minister's office in chargeReuter - 153 words
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LATE FILE
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72 1989-03-25 8 Reuter SOUTH KOREA'S economic planners project real gross national product growth of 7.5 per cent in 1990 compared with a forecast 8 per cent GNP growth this year, government officials said. Under a budget guideline prepared by the Economic Planning Board forReuter - 72 words
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Article59 1989-03-25 8 Reuter NEPAL'S lifelines were almost completely cut yesterday as India closed vital routes between the landlocked Himalayan nation and the rest of the world as part of a trade dispute. Trade and transit treaties between the countries expired on Thursday with negotiations for renewal atReuter - 59 words
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Article81 1989-03-25 8 AFP FORMER French prime minister Jacques Chirac was reelected Mayor of Paris for the second consecutive time yesterday by the city's municipal council. Mr Chirac's conservative list won all 20 of the Paris district councils in the second round of the French municipal elections onAFP - 81 words
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Article65 1989-03-25 8 AFP Japanese Foreifln Minister Sousuke Uno and Soviet Deputy Foreign Minister Igor Rogachev yesterday agreed to clear the way for a visit by Soviet leader Mikhail Gorbachev to Japan. Foreign Ministry sources said. During a 40-minute meeting, Mr Uno told Mr Rogachev that Japan hoped toAFP - 65 words
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Page 8 Advertisements
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Advertisement118 1989-03-25 8 IF IT DOESN'T INTEREST YOU, IT'SNOT OUR BUSINESS. r Population of 56j feces Ourindepth analysis of Possibly the most insightful PriQIC in business in Singapore tells rF'" v way to improve your vision f )wm all you need to know 0 f topical issues and If you tbink her curves118 words
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Executive Lifestyle
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Article, Illustration1444 1989-03-25 9 The instruction was: Be at the Hilton's Music Room at 4.30 pm sharp. We got there at 4.25 pm, just in time for tea and to stuff a brandy snap into the mouth of the photographer to stop his ranting about models who never turned1,444 words
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Article426 1989-03-25 9 C J TAN - EASTER By C J TAN THIS EASTER, as I strive to jot something down for the occasion, my mind shifts lazily to far-off Jerusalem where I was, it seems, just last year. I recall a garden Gethsemane they called it where I stopped to rest, tired from my426 words
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Article180 1989-03-25 9 A PILOT who regularly flies the Boeing-747 failed to get a driver's licence. He failed at the first stage the Highway Code test. He had opted for the oral test, thinking it was easier. During the test, he was shown a map and asked how to180 words
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Executive Lifestyle: Pursuits
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Article, Illustration625 1989-03-25 10 N K YONG - WINES By N K YONG IF THERE IS one champagne that can be said to be more identified with the English than any other, it must be Pol Roger England was the first country to receive the first exported bottle of Pol Roger, and it625 words
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Executive Lifestyle: Entertainments, the Arts & Pursuits
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Article372 1989-03-25 11 JEFFREY TSANG - MOTOR RALLIES SINGAPORE BUSINESS By JEFFREY TSANG WORK HARD. PLAY HARD. Balance is an all-important element of Singapore life where "work hard" usually means very, very hard. So Singapore Business, Singapore's only indigenous business magazine and usually chock-full of numbers and important analyses of the372 words
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Article, Illustration1072 1989-03-25 11 RICHARD SEAH - Health writer RICHARD SEAH dispels a few modern myths about butter By RICHARD SEAH BUTTER is fighting back. For years, butter manufacturers could only sit back in dismay as doctors, nutritionists and dieticians recommended switching from butter to margarine. Finally, one dared1,072 words
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Article, Illustration879 1989-03-25 11 JUANITA SHAKILA - Compiled by JUANITA SHAKILA CINEMA: Rain Man starring Oustin Hoffman and Tom Cruise. Now showing at Lido: 10.45; 1.30; 4; 6.45; 9.15 and Changi 1: 11; 1.30; 4; 6.45; and 9.15. A Flah Called Wands starring John Cleese, Jamie Lee Curtis and Kevin Kline. Now showing at Cathay: 11;879 words
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Article, Illustration484 1989-03-25 11 QUEK SWEE PENG - FOOD By QUEK SWEE PENG IT WAS A SUNNY Saturday. To the right was a pebbled pond, with swift-swimming carps. Beyond that was a pretty picture of Japanese good taste of sculptured scrubbery and fragrant flowers that softened the starkness484 words
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Article, Illustration812 1989-03-25 12 CHANGE is never easy to understand. Caught in the throes of the computer age, musicians now find it necessary to be adept programmers as well. Synthesized sounds are all around us in dance clubs, on radio, at concerts and, of all places,812 words
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Article, Illustration580 1989-03-25 12 BOOKS MONTY: THE MAN BEHIND THE LEGEND By Nigel Hamilton Published by Sph«r« Books Reviewed by 3AMMAD REJAB CHURCHILL called him "a little man on the make". More than 40 years later, opinion is still divided over whether British580 words
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Article, Illustration219 1989-03-25 12 SUZANNE SOH - ART By SUZANNE SOH IF YOU'VE always wanted to own an original Renoir, here's your chance to do so. On April 9, a Renoir etching (frame size 50 cm by 35 cm) will be auctioned at the shopping gallery of the Hilton International Singapore as219 words
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SHORT TAKES
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Article512 1989-03-25 12 THREE NIGHTS of light entertainment is in store at the coming Franco-German film festival. Expect your heart strings to be pulled a little when you see Stars Without A Sky. The German film focuses on life in a small German town at the end of512 words
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Article, Illustration439 1989-03-25 12 HOLI GIRLS hid inside while boys with red-painted faces roamed the streets armed with coloured powders and children squirted water at passers-by. India celebrated its annual rite of spring on Wednesday Holi. the "Festival of Colour", is a mix of April Fool's Day, Halloween and439 words
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Article, Illustration519 1989-03-25 12 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY ONLY two declarers found the winning line of play in the following deal which turned up during a recent world tournament. They applied a variation of the loser on loser play principle which was discussed in my519 words
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Executive Lifestyle: Sports
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Article, Illustration341 1989-03-25 13 GOLF AP DAN FORSMAN went back to basics on Thursday and fired an opening-round 66 to take a twostroke lead over a group of six golfers in the U*****,000 USF-and-G Classic in New Orleans. "Today was a big step for me. It wasAP - 341 words
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Article, Illustration401 1989-03-25 13 TENNIS AFP SWEDEN'S Mats Wilander and American Chris Evert, both seeded second, faced tough unseeded opponents in the second round of the International Players Championships in Florida on Thursday but both survived. Wilander, struggling to regain the form that put him atop the men's tennis rankingsAFP - 401 words
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384 1989-03-25 13 THE BEN JOHNSON INQUIRY AP CANADIAN SPRINTER Ben Johnson's doctor said in Toronto on Thursday that almost every athlete competing at last year s Olympics in Seoul, South Korea, was taking steroids. "If there was any athlete not on them, they were probably fromAP - 384 words
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Article, Illustration671 1989-03-25 13 CHARLES SAVAGE - By CHARLES SAVAGE A HUNDRED THOUSAND dollars is a lot of money to pay for a leather ball, the publishers of the Guinness Book of Records agree. "It's a world record," says the book's editor, Donald McFarlan. "If regarded as a price of a soccer671 words
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474 1989-03-25 13 CRICKET AFP INDIA starts its first overseas test series since 1986 against the powerful West Indies on Georgetown, Guyana, today without its number one opening batsman and short of form and preparation. Opener Kris Srikkanth, vicecaptain of the team and an experienced campaignerAFP - 474 words
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203 1989-03-25 13 SAFARI RALLY AP KENYAN Mike Kirkland, driving a Nissan 200SX, jumped from the seventh starting position to No 1 at the end first leg of the Safari Rally in Nairobi on Thursday with a loss of 22 minutes, 11 seconds. Italy's Massimo "Miki" Biasion,AP - 203 words
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Executive Lifestyle: Personal Investment
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Article, Illustration994 1989-03-25 14 AMY BALAN - WALL STREET By AMY BALAN EVER DESPAIR at the almost-al-ways wrong forecasts made by so-called market analysts and economists? Merrill Lynch chief market analyst Robert Farrell, however, is one who has been getting his forecasts right by observing how most investors and other994 words
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Article, Illustration803 1989-03-25 14 LORETTA McLAUGHLAN - mm <msm By LORETTA McLAUGHLAN THROUGHOUT this stockmarket rally, the sector which has continuously appeared on everyone's buy list has been property. Repeated revaluations of buildings and rising rental income have kept the number crunchers busy revising upwards the asset value for803 words
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464 1989-03-25 14 MICHELLE OH - EQUITIES by MICHELLE OH THE SINGAPORE and Malaysian stock markets hold a wealth of opportunities for investors interested in being a part of the fast growing economies of the AsiaPacific region, said an investment banker. Both economies showed impressive growth464 words
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641 1989-03-25 14 RUTH CORB - by RUTH CORB RUTH CORB. Sothmby'* R«—arch Dopmrtmont THE MAIN INTERNATIONAL art market activity moved to London last week, with major sales of 19th Century European paintings, Scandinavian art and sales of Continental ceramics. Continental ceramics are seeing a shift in the market, which is641 words
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Article, Illustration513 1989-03-25 14 KEVIN GWEE - COMMODITIES By KEVIN GWEE BUY HIGH and sell low. That's right. The conventional wisdom developed since 1974 states that the time to buy base metal stocks is when its price-earnings ratio is at its highest and conversely, the right time to sell is whenSource: Partners - 513 words
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Article, Illustration240 1989-03-25 14 CRESVALE RESEARCH, HK THE SINGAPORE market hit a new post-crash high last week, but the bullishness was dampened by Wall Street's heavy fall on Friday that week. However, the market remained strong despite the bearishness on Wall Street, with bargain hunters buying blue chips on any weakness.CRESVALE RESEARCH, HK - 240 words
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Executive Lifestyle: Perspective
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Article, Illustration1044 1989-03-25 15 NEVILLE STACK - By NEVILLE STACK WHEN THE GUESTS moved out and the builder's men invaded the fabled salons of Raffles Hotel, the glory departed. For the time being at least. Whether it will ever return will depend on good taste and good luck in roughly equal quantities. It1,044 words
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Article, Illustration854 1989-03-25 15 DOUG MORRISON - By DOUG MORRISON SO, RAFFES HOTEL closed its doors last week. The debate is over, the renovation begins and now there is no turning back. Inside the walls of the 102-year-old hotel during these last few weeks, it was easy to find a nostal-gia-ridden tourist854 words
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Article497 1989-03-25 15 o>I. S™) Qatuiidiuj 25TH MARCH, 1989 KONRAD KUJAU created a stir in 1983 when it was discovered that he was the author of 62 volumes of a diary purportedly kept by Adolf Hitler. The volumes were bought by the West German weekly Stern for US$3497 words
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Article416 1989-03-25 15 GRAME PLUM - letters to the Editor GRAME PLUM managing director, ASM Dear Sir, Charles Savage s article of March 10 "SLTA (Singapore Lawn Tennis Association) drawn into dispute over date clash" shows he may be unaware of certain facts. He contends, among other things, that the SLTA has416 words
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Article170 1989-03-25 15 D W DISTANT - D W DISTANT Dear Sir, Your reader John Keats made some interesting observations on how effective "bankable" time is (BT, 11.3 89). But his hope that banks stay open on Saturdays, perhaps even in the afternoons, is not really going to change the situation. He comments170 words
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Article82 1989-03-25 15 D W DISTANT - D W DISTANT Dear Sir, Last Saturday (March 18), Overseas Union Bank announced a record after-tax profit, and the basis of allocation of the Steamers Maritime issue was announced. However, SBCText had no mention of either announcement. In fact, its page 263 for local corporate82 words
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Article183 1989-03-25 15 TAN BOON SUN - TAN BOON SUN Executive Asst Secretary (Public Affaire) Dear Sir, Please refer to the letter "A flaming waste (Mar 4. 1989). The writer felt that it was a waste to remove several Angsana trees near the two-story shophouses in Lakeview Estates, off Upper Thomson Road, and183 words
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Executive Lifestyle: Entertainment
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Article, Illustration655 1989-03-25 16 LAWRENCE TAN - CINEMA By LAWRENCE TAN DEAR Academy voter. Daddy and Mommy blew up a napalm factory because they didn't like what the politicians were doing to the Vietnamese villagers. A janitor was there who wasn't supposed to be there and. sadly, he got blinded though Mommy655 words
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Article422 1989-03-25 16 SAMUEL EE - ENCOUNTERS By SAMUEL EE MR PALMER, there's been a lot of talk about the way you dress and the kind of clothes you wear. Do you think there will be a range of Robert Palmer suits in the near future? The scene: a press conference with the422 words
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Page 9 Advertisements
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Advertisement223 1989-03-25 9 0 CONCORD. WATC H MAKERS T o THE GENTRY. SINCE 1900 The new Saratoga collection from Concord is perhaps the most remarkable watch design of recent years. A perfect integration of case and bracelet creates a continuity of line r>>v unmatched by other luxury watches. stn^ combination of brushed -jVj223 words
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Page 10 Advertisements
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Advertisement999 1989-03-25 10 Where to entertain. I r I Exquisite Thai-Oriental Cuisine i at its best r-6 —an 5(^fOOO-THGfTK Lp Q*<V K*KXC*SMU>>CtT C^J S Beef on Hot Plate Seafood Combination Crabmeat Pancake Fashion Shows on Tuesdays Fridays at 1.15pm Plaza Hotel $iMCA»oaf Aft* c Ol OU»F <Jl i V i T l c999 words
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Advertisement223 1989-03-25 10 The Mandarin Singapore Presents s IM a'. I***"1***" 111 a* 1 W J k t\ htt.tn««rf<*mn 333 Orchird R> >*i 0923 FEAHIRING TWO VERY 1| POPULAR SHOWBANO6 WHO PROMISE TO IMZZLE WITH IWHR EXCmNfi PRESENCES Patty spm tolam i ;i $4++|gra SSXJUN.I4Y fS to take you down W*A***V ri the223 words
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Page 11 Advertisements
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Advertisement270 1989-03-25 11 I I I Sunday Brunch: I R I I A gieat family outing I I r»o wonoKUi way *e> combine a fate breakfast I I ««h an «aHy lunch on a fazy Sunday li I SomogM bacon eggs any way you want BH I mem oy**ers smoked salmon, tasty entrees.270 words
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Page 12 Miscellaneous
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Miscellaneous596 1989-03-25 12 ACROSS 4 Circus entertainer (7) 9 An enemy deserter I'm 5 Difficult puzzles (5. 6) ||Q (10) 11 meat (6)* F rt ed bui,<, n 3 O a boat (6) IH 22 Salad vegetable (7) He serves the Rever- 23 Study and (7) Glasses (10) Asharp P' Fa *ci nat596 words
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Page 13 Advertisements
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Advertisement12 1989-03-25 13 Jerome Fandor, writer of the On Track column, Is out of town12 words
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Advertisement116 1989-03-25 13 I I I^| 1 W lk pIB LJ LEh ■fl y i The effectiveness of advertising in Business Times has been proven yet again. Mr Mo Xiao Hui and Mr Albert Adam of M V Marketing Pte Ltd jointly placed an advertisement in the Business Times on January 12 13,1989,116 words
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Page 15 Miscellaneous
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Miscellaneous23 1989-03-25 15 nottmJ i^- T consult Thou Shalt not.. pLAce is uKe P\ rm -r^^l? L:r Nor PK3 Sty... Gg.t TO DO J not. up:.J23 words
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Page 16 Miscellaneous
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Miscellaneous1553 1989-03-25 16 SLOTS TO WATCH Shakespeare, Oscars, Goldie Hawn Man Today, 10.30pm who screen Humphrey stars Queen Bee, Today, 10.05pm a Saturday goggle-box taken by another tale Well That Ends Well, Today, Ch 10.25pm the a production Jonathan lan Charleson 3.00pm A 1946 movie starring Fred Astaire Calouste Sarkis Gublenklan a future1,553 words
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Miscellaneous1275 1989-03-25 16 RADIO C A "TI in [""N A V 7.15 Science Magazine This edition looks at OM IU i\ \JM I the effects of sulphur emissions on climate, the DRP Uinhlinhtc ni links between molecular biology and electronics DDV/ nignilgNlS DBA and whales in a modern world. 7.45 Musical ■|wv"|" DD\1,275 words
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