The Business Times, 15 April 1989

Microfilm: NL16529
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, April 15-16 1989 75 CENTS
    12 words
  • Article
    FINANCIAL NEWS SUMMARY
    242 1 Dow Jones up WALL STREET stocks staged a sharp rally yesterday morning, encouraged by an apparent easing of inflationary pressures. The Dow Jones average of 3G industrials climbed 19.06 to 2,315.06 in the first hour of trading. Gainers outnumbered losers by about 4 to 1. AP Footsie
    242 words
  • Article
    US dollar closes firmer in Asia
    121 1 THE US DOLLAR ended firmer yesterday against major currencies, especially the West German mark, in Asia's foreign exchanges following a rally on news that West Germany will not abolish its withholding tax. The day's activity was mostly thin as markets await the release of
    121 words
  • Article
    Lock icon KL-S'pore water project: Johor submits proposals
    402 1 Bernama THE JOHOR government has submitted proposals safeguarding the state s interests in the Malaysia-Singapore Memorandum of Understanding 1988 to the federal government. State Works and Public Utilities chairman Ahmad Abdullah said in Johor Baru yesterday that the proposals related to the project to
    Bernama  -  402 words
  • Article, Illustration
    Fourth straight increase
    202 1 THE SINGAPORE stock market maintained a rally to reach its fourth consecutive post-Crash high yesterday, as the other regional markets cautiously awaited the release of US economic figures last night. The Straits Times Industrials Index gained 2.96 points to 1,244.27 points while the Business Times Composite Index
    202 words
  • Article
    Labour-strapped employers lower recruitment criteria
    580 1  -  INTER-INDUSTRY POACHING BY SOME By JOHN TAN EMPLOYERS hit by the labour shortage have seen their problems entering a troubling phase when productivity begins to suffer badly. That phase starts when employers lower recruitment standards to get the numbers they need and inter-industry poaching of
    580 words
  • Article
    New pay scales: about 1,450 given option
    598 1  -  By ANNA TEO CIVIL SERVANTS get higher salaries from this month, but more than a thousand have been given the option to remain on their old pay scales. The offer was made last week to all base-grade officers in the professional services, and
    598 words
  • Article
    Lock icon Japanese minister dissatisfied with surge in trade surplus
    146 1 AFP JAPANESE Finance Minister Tatsuo Murayama said yesterday that he was dissatisfied with a 4 per cent surge in Japan's trade surplus in fiscal 1988. Speaking to reporters in Tokyo, Mr Murayama admitted a slowdown in the pace of correcting Japan's trade
    AFP  -  146 words
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      226 1 n ikon ft ia l glii 11 ill>■■ II I n OimAam In# IfWKI 9 rin99« I lIW Oyllim. I PSA 2 More than $122 m to be spent on container cranes Titanium dioxide plant 6 Singapore will benefit in number of ways: BG Lee US-Asean ties 3 Creation of
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      0 1 {:(~{^\){-;^\&`>%[=^-&;_="/!|][
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      213 1 Uftiifa iii Into the wilderness Page 11 The cover-girl next door Pag* 13 How successful was Nutrition Week? Page 14 Spicy lychee wine Page 15 WMkMi TV TV programmes for today and tomorrow Pag* 12 i it' UMW is out of bumpy patch Pag* 19 Kijimuta continues giant-killing spree Pag*
      213 words
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  • HOME NEWS
    • Article
      PSA spending $122m on container cranes
      297 2  -  By JEAN FOONG THE PORT of Singapore Authority is spending more than $122 million to buy container handling equipment for the Tanjong Pagar Terminal. The equipment includes eight post panamax quay cranes and 41 rubber-tyred gantry cranes. They are needed to keep pace with
      297 words
    • Article
      International furniture show with a difference
      223 2 THE BTH Singapore International Furniture Show (SIFS) to be held from Nov 24-28 at the World Trade Centre will prove to be different. The Singapore Manufacturers' Association is making greater efforts to focus on manufacturers' requirements instead of only finished products. There will be
      223 words
    • Article, Illustration
      Automation is hallmark of titanium dioxide plant
      328 2 AN ADVANCED LEVEL of automation is one of the key features of South-east Asia's first titanium dioxide (Tio2) plant in Tuas. In fact, a central control room would be able to monitor the sprawling operations of Ja-pan-based Ishihara Sangyo Kaisha. Minister for Trade
      328 words
    • Article
      Unisys rewards top salesmen with Singapore holidays
      353 2 TOP SALESMEN from Unisys Corporation, the world's second largest computer company, are jetting in from far-flung places to spend a week-long holiday in Singapore. These 2,600 "super" salesmen, from South America, the Pacific, Europe and the US, will be here on allexpenses paid
      353 words
    • Article
      Egyptian minister, officials here for talks
      216 2 PROSPECTS for peace in the Middle East and Cambodia were discussed by Singapore and Egyptian officials during the past three days. The Egyptian Assistant Minister of Foreign Affairs, Wafaa Higazy, was in Singapore on a four-day visit. Mr Higazy, who is scheduled to leave
      216 words
    • Article
      National skin centre opens
      108 2 THE PATTERN of skin diseases has changed over the years and the government today is more concerned with those that are work-related. The Acting Minister for Health, Yeo Cheow Tong, said: "Our main strategy is to identify potential chemical agents and hazards, prevent their contact with
      108 words
    • Article
      Chilean grapes
      37 2 THE Ministry of the Environment has allowed the re-sale of Chilean grapes after tests on samples show that there are no traces of cyanide. The grapes were taken off the shelves in mid-March this year.
      37 words
    • Article
      Commonwealth delegates on export exposure visit
      174 2 ABOUT 20 delegates from nine Commonwealth countries in the Asia and Pacific region are in Singapore on an export exposure visit till April 21. The businessmen and government officials from as far as India and Vanuatu are here to explore trade possibilities between Singapore
      174 words
    • Article
      DBS Bank exports computer services overseas
      137 2 DBS BANK has started to export its computer expertise to foreign markets. The bank announced last night that its wholly-owned subsidiary, DBS Computer Services (DCS), recently completed two computerrelated projects in Mauritius and Indonesia. The bank, in a statement said: "This is the first
      137 words
    • Article
      Roads closed
      71 2 THE west-bound carriageway of Jalan Ahmad Ibrahim between Jurong Port Road and Jurong Pier Road will be closed to traffic from April 18-27 between lam and sam daily. This is to enable the PUB to launch beams for the construction of a flyover at the junction of Jalan
      71 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      258 2 TNT Skypak Singapore has appointed RICK FOXHOVEN as its new general manager. Mr Foxhoven is from Houston, USA, and has been with the freight forwarding business for the past 10 years. He was a past inaugural president of Australian-American Chamber of Commerce. In his new position, he
      258 words
    • Article
      SHIPS IN PORT
      949 2 AT CONVENTIONAL WHARVES VhmI Berth Arrival Departure KEPPEL WHARVES Arrow Queen KI6 alongside 15.04/0600 Dona Algo K33 alongside 16.04/1600 Golden Arrow K20 alongside 16.04/0500 1 Yermoshkin C09 alongside 1604/0700 Koto Berlion K3I alongside 15.04/1500 Koto Megah K29 alongside 15.04/1500 Koto Solom K32 alongside 17.04/1830 Ksor Ettir KI6
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      151 2 Singapore Mexico City 24/09 Clear Mioml 26/19 Cloudy Montreal 07-04 Cloudy Moscow 10/05 Sunny Nossou 29/20 Cloudy Now Delhi 34/17 Clear New York 17/07 Sunny Nicosia 30/11 Cloudy Oslo 10/10 Cloudy Paris 14/06 Clear Penh 21/18 Cloudy Rio 'Janeiro 36/20 Cloudy Rome 18/11 Cloudy San Frh'co 18/11 Sunny Son Juan
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  • OVERSEAS
    • Article
      Lock icon South's faith in Bush wanes
      276 3 NYT PRESIDENT George Bush remained popular in the south as lie approached the end of his INrd month in office. But the AtImnia Journal-Constitution s lateet southern poll, published yesterday, indicated that confidence in his ability to solve the country's problems is waning. The president
      NYT  -  276 words
    • Article
      Lock icon Cambodian assembly proposes constitutional changes
      153 3 AFP A SPECIAL SESSION of the Cambodian national assembly will meet late this month to consider oonetitutional changes in the Ha-noi-backed regime. Phnom Penh Prime Minister Hun Sen told Bangkok Post yesMay that the April 28-29 session would "examine and eventually approve" some of the
      AFP  -  153 words
    • Article
      Lock icon Rubber consumption — the growth areas
      257 3 Rubber consumption the growth areas Bernama THE WORLD BANK has Mid Km fastest growth areas in rubber consumption will be in the developing oountriss, especially in the newty-industrialiaing economies of Asia, aa well as China and India. The bank's recentiyrelsesad "Price proepects tor major primary commodates 1986-2000" report says natural
      Bernama  -  257 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      897 3 ARRIVALS Operate r Sorvko Local From number Mm* SU SQ103 0950 KUL CAL OS06 1000 CGK cpx CX710 1000 CGK MAS MH609 1020 KUL G4A OA 960 1100 CGK SA SO 105 1105 KUL MA •4421 1130 (WN TWY MM11 1130 HOY QPA QP62 1135 •KK SA
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    • Article
      Lock icon Bush pushes ahead to strengthen Asian links
      280 3 AFP THE ADMINISTRATION of President George Bush has moved forward in two directions to strengthen American relations with Japan and China. A Senate committee was told that, while the US government would have preferred Japan to have bought the F-16 fighter jet "off
      AFP  -  280 words
    • Article
      Lock icon US, Asean urged to create free trade zone
      365 3 AP THE United States and Asean members should negotiate a broad umbrella agreement for economic cooperation leading to a US-Asean free trade zone, according to a study. The report was released on Thursday after presentation in Washington to representatives of the US
      AP  -  365 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      39 3 LONDO fJiymm Tnmci Aftat or Air Canada tt WtS55 A BREATH OF FRESH AIR The busineit penon'f choice every Tuesday, Thundav. Saturday and Sunday. Leaving Chanfi Airport at 22:05 hour* and arriving Heathrow early the following morning. Air Canada
      39 words
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      Page 3 Advertisements Column 2
      185 3 Mazda Granz For women who drive in a man's world i Coloured Bumpers Powered Windows Full-Fabric Seats ili Powered Door Mirrors Central Locking For years women had to contend with cars designed by men. For men. Until now. For now there is the Mazda Granz. With features usually found in
      185 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1083 4 SINGAPORE: THE HIKE by the Swiss National Bank in its official rates on Thursday caught the market off-guard and. with added speculation of similar moves by West Germany and Japan, saw a US dollar sell-off to lows of Dmark 1.8675/ yen 131.92. However, news yesterday that the German
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    • Article, Illustration
      World interest rates
      195 4 Indicates tho ivcrtQ6 of th« prim* loading rales of 12 mafor banks In S'poro Interbank market rates (offer/bid) on Apr 14 USS DM SWFC Y«n 7 doyi 9 1 J/16 13/16 II 107/i 6 1/16 3 15/16 6 S 3/4 4 3/1-4 1/4 1 ifrth 10 1/16
      195 words
    • Article
      Money markets
      59 4 THE OVERNIGHT RATEf: on the Singapore money market closed 3/8 point higher at 5 1/8 per cent' 1 yesterday. Short-term rates remained unchanged across the, board. S$ Interbonk rates at the dose yesterday: Offft MO Ownight 5 1/8 5 1-mx* S 1/8 5 2-month 5 3/16 S 1/16
      59 words
    • Article
      Government Securities Market
      100 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity NO OFFER HIGH LOW 3 months BQ*****E 12.07.89 4.10 4.05 4.08 4.05 6 months BS*****N 17.08.89 4.11 4.06 1 yeor BY*****H 23.11.89 4.13 4.08 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate <%)
      100 words
    • Article
      Options
      1185 4 CURRENCY FUTURES OPTIONS Friday, Apr 14, 1989 DEUTSCHE MARK (SJMEX) May M cj High Low Ma Sad "a* High 88 puis Law San 52 53 54 348 High 26 Jun 88 cal Lav 26 Ha Son 198 Jun High 88 puta Low 4 21 San 51 52 53 54
      1,185 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      558 4 HA lLand (Citefoifhdfic LIMITED ANNOUNCEMENT RESULTS FOR THE SIX MONTHS ENDED 31 ST JANUARY, 1989 The Directors are pleased to announce the unaudited results of the Group and the Company for the six months ended 31st January, 1989. Group Company Turnover Profit on Trading After accounting for:Interest income Interest on
      558 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Simex
      464 5 BA Futures JUNE Eurodollar futures yesterday opened 13 ticks lower than Thursday's Simex close at 89.36 on speculation of higher interest rates worldwide following increase in the Swiss discount rate. Trading was listless ahead of the PPI and US February trade deficit figures later last night. The June contract
      BA Futures  -  464 words
    • Article
      Asian dollar market
      247 5 ASIAN DOLLAR deposit rates ended at their opening levels in quiet trade yesterday, dealers said. Term rates firmed 1/16 point at the outset due to a decline in US bond prices but remained unchanged subsequently. One month closed at 10-1/16 9-15/16 per cent, three months at 10-5/16
      247 words
    • Article
      IMM
      218 5 IMM CURRENCIES finished higher on Thursday after trading wound down following hectic morning activity. Most contracts settled into trading ranges, although the Japanese yen firmed again late, as traders prepared for the release of key US economic data. Values surged to session highs after the Swiss National Bank raised
      218 words
    • Article
      Lock icon Bangkok to promote baht in trade with Indochina
      163 5 AFP THE THAI government has decided to promote the baht as a common currency for trade with communist Indochina, the local press in Bangkok said. The pro-government Bangkok Post on Thursday quoted Thai Prime Minister Chatichai Choonhavan as saying in an interview
      AFP  -  163 words
    • Article
      Lock icon EC's stand on foreign banks
      83 5 UPI THE European Community assured non-member states on Thursday that it will not try to find pretexts to exclude foreign banks from operating on its territory when it achieves a single market without frontiers between its 12 member states by the end of 1992. The
      UPI  -  83 words
    • Article
      Comex gold/silver futures
      179 5 Gold futures on Apr 13, 1989 100 troy ounces USI per troy ounce <*•" High. Low Sottto Apr 389 30 303 00 3t9 30 390 30 *!< ***** *»> 392.40 396.90 392.70 394.20 ♦2I< 398.00 402 00 398 00 399 30 2.1, Oa 405.00 405 50 405.00
      179 words
    • Article
      Esanda tapping US$34m from Asian dollar market
      326 5  -  By DEXTER LEE AUSTRALIA'S second largest general finance company, Esanda Finance Corporation, is tapping US$34 million from the Asian dollar market for the first time through a syndicated loan. This three-year loan is arranged by the Singapore branch of Dai-lchi Kangyo Bank of
      326 words
    • Article
      Lock icon Foreign banks trying to meet Jakarta's new currency rule
      402 5 Reuter FOREIGN BANKS in Indonesia are busy juggling currencies to meet a new regulation designed to boost foreign investment, bankers said. The rule was announced last month as part of efforts to make the banking system more effective in helping Indonesia
      Reuter  -  402 words
  • COMMODITIES
    • Article
      KL Tin
      201 5 THE Kuala Lumpur Tin Market (KLTM) rose to a new three-year high of M 528.95 a kg yesterday, up 28 sen on renewed genersl buying demand, brokers said. "Early offerings by miners kept the price from rising higher," one broker said. The offering of 113 tonnes were unusually
      201 words
    • Article
      RAS and MRELB
      281 5 RAS prices in S cents/kg, FOB In belea NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 214.50 215.50N 212.50 213.50N tnt 1 RSS May 89 214.00 215.00N 211.50 212.50 Int 1 RSS June 211.50 212.50N 209.50 210.50 Int 2 RSS OP 206.00 208.00N 204.00 206.00N
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    • Article
      SSR and SMR
      81 5 (cents/kg) MAY 1989 JUNE 1989 (current month) (forward month) RAS NOON NOON 8uy*n Sellers Buyers Sellers SSR 20 186.00 188 OON 186.00 188 OON SS8 SO 184.00 186.00N 184.00 186 OON MRELB Buyers SdWi Buyers Sellers SMR CV 285 50 287.50N 287.50 289.50N SMR I 285.50 287.50N
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    • Article
      Rubber
      394 5 SINGAPORE: Rubber prices ended easier yesterday with May 1 RSS buyer quoted at 211.50 cents a kg. down 1.25 cents from Thursday s close. Brokers said the morning session finished 1.25 cents higher on light shortcovering in quiet trading. But the trend was reversed in the afternoon when speculative
      394 words
    • Article
      Lock icon Crude Oil and Products
      167 5 Telerate FUEL OIL was relatively unchanged in the Singapore market yesterday. April and early May CST-180 remained tight and a seller now asked US$lO4 tonne fob Sing for April barrels. The supply picture for second half May was still not clear and Japanese interest in May
      Telerate  -  167 words
    • Article
      Precious Metals
      383 5 HONGKONG: Gold closed at its low for the day in moderate trading on selling by London and local investors late in the session yesterday. Bullion ended at U*****.40/90 against an initial U*****.50/390.00 and New York's close of U*****.00/50 an ounce. On the local market, gold rose HK$B to
      383 words
    • Article
      London markets
      270 5 London Commodity Exchange Buyer/Seller dosing prices on Apr 13 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London May 1133/1)35 (1119/1120) High/Low 1140/1115 July 1086/1087 (1080/1085) High/Low 1088/1073 Sales (3025) Cocoa Moy 761/763 High/Low (758/760) 765/750 July 774/775 (771/772) High/Low 778/765
      270 words
    • Article
      Palm Oil
      407 5 MALAYSIAN crude palm oil prices closed higher yesterday on light covering and speculative buying, aided by a late surge in palm oil futures. April south region rose Mss to Ms92o a tonne while May south also ended Mss up at Ms9ls. ROTTERDAM: Closing prices on Apr 13 Polm
      407 words
    • Article
      Soybean & Wheat
      150 5 Soybean Wheat CHICAGO BOARD of Trade soybean futures closed mostly lower on Thursday, with new crop under pressure from forecasts of more normal spring rains across the mid-west, traders said. Soybean closings ranged from up 1/4 cent per bushel in August to down two cents in new crop March, with
      150 words
    • Article
      Produce Prices
      196 5 Chinese Produce Exchange Sellers' noon closing prices on Apr 14 (SS/100 kg) Coconut oil Bulk FOB 104.00 Old drum FOB 114.00 New drum FOB 118.00 Copra Mixed (loose) 62.00 sellers Pepper Muntok white FOB NIW 675.00 Sarawak white FOB faq NIW 665.00 Sarowok special black FOB NIW 505.00
      196 words
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  • WORLD MARKETS
    • Article, Illustration
      Lock icon Dow ends lower in nervous trade
      833 6 New York Reuter A COMBINATION of futures-related selling, position-squaring by traders and profit-taking on earlier gains drove Wall Street blue chips to a lower close on Thursday. Analysts said investors were nervous about several Key economic reports due yesterday. Four indicators, including producer prices
      Reuter  -  833 words
    • Article, Illustration
      Lock icon Equities open mixed
      998 6 London Reuter AFTER an early mark-down, share prices on the London market opened mixed but with a firmer bias yesterday on delayed reaction to a tentative pact between US congressional negotiators and the White House to reduce the budget deficit, dealers said. Prices had earlier declined in
      Reuter  -  998 words
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      1802 6 Reuter AMSTERDAM: Dutch share prices opened easier yesterday with investor hesitancy ahead of yesterday s flood of US economic data and a lower Wall Street close outweighing a slightly higher dollar and Tokyo's higher close. The CBS All-Share Index shed 0.8 to open at 177.3 from Thursday's
      Reuter  -  1,802 words
    • Article, Illustration
      Lock icon Civil charges against Drexel settled
      631 6 Bank to make changes in structure and pay USslsm penalty UPI THE US Securities and Exchange Commission has settled civil charges against Orexel Burnham Lambert Inc in the government's most sweeping investigation into securities fraud on Wall Street. Drexel agreed to major changes in the
      UPI  -  631 words
    • Article, Illustration
      Lock icon GEC, GE abandon plans for medical merger
      325 6 FT BRITAIN'S General Electric Company and General Electric of the US have abandoned plans to merge their European medical electronic businesses as part of the wide-ranging cooperation agreement announced three months ago In the final deal completed earlier this week, the two companies
      FT  -  325 words
    • Article
      Lock icon Beecham's cosmetics businesses attracting wide interest
      313 6 Reuter US. EUROPEAN and Japanese cosmetics firms have expressed interest in Beecham Group pic's cosmetics businesses, which will be sold as part ot the merger with SmithKline Beckman Corp. "With the Unilever deal for Fabrege and other things happening in the industry. great deal
      Reuter  -  313 words
    • Article
      Lock icon GPA to make biggest order in aviation history
      376 6 Reuter IRISH ENTREPRENEUR Tony Ryan. S3, has built up the world's biggest aircraft leasing company using what he described as "one per cent inspiration. 99 per cent perspiration". In just 14 years, he has turned the GPA Group Ltd into a billion-dollar
      Reuter  -  376 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      369 6 NOTICE IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INSEL TRADING (PTE) LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at No. 63 Jalan Pemlmpin #02-03 Pemimpin Industrial Building on 22nd March 1989. the following
      369 words
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  • REGIONAL MARKETS
    • Article, Illustration
      Lock icon Firmer close after early losses
      1413 7 Hongkong Reuter THE HONGKONG market recouped an earlier 20.90-point loss to close slightly firmer yesterday. The Hang Seng index rose 3.56 points to 3.082.71. Brokers said the low turnover stemmed from caution ahead of the weekend and release of US economic data later yesterday, including
      Reuter  -  1,413 words
    • Article, Illustration
      Lock icon Prices finish lower
      531 7 Australia Reuter AUSTRALIAN shares closed easier in cautious trade yesterday ahead of the release last night of US producer prices and trade data. By the close of floor trading at 0415 GMT, the All Ordinaries Index was down 4.6 points to 1416.7. Brokers said trade had been
      Reuter  -  531 words
    • Article
      Lock icon Taipei: Sharply lower close
      526 7 Reuter TAIWAN share prices ended sharply lower yesterday after investors dumped stocks in the final hour of trading on fears that local banks will soon put a freeze on most new loans, dealers said. The weighted index dropped 144.09 points, or 1.8 per cent, to finish
      Reuter  -  526 words
    • Article
      Lock icon Bangkok: Index up
      218 7 Reuter THAI stocks closed broadly higher yesterday on sustained local bullish sentiment and foreign buying interest, brokers said. The Securities Exchange of Thailand Index gained 2.58 points to end at 463.83 Winners led losers 63 to 23 with Jalaprathan Cement topping the active list, followed by Asia
      Reuter  -  218 words
    • Article, Illustration
      Lock icon Nikkei ends higher
      608 7 Tokyo Reuter THE KEY NIKKEI Index fluctuated through the day in dull, directionless trade to end higher yesterday, mainly on a surge of in-dex-linked buying in late trade The broad market was slightly easier. Most investors sat out ahead of the weekend and important US economic data
      Reuter  -  608 words
    • Article
      Lock icon New Zealand: Easier close
      193 7 Reuter THE NEW ZEALAND share market closed lower yesterday despite firming in moderate afternoon volume. Brokers expect continued steady trading next week, although this hinges on market reaction to the US March Producer Price Index and February trade data due there yesterday. The Barclays index eased
      Reuter  -  193 words
    • Article
      Lock icon Manila: Higher finish
      99 7 Reuter SHARE prices on the Manila exchange rose across the board in active trade yesterday, brokers said. The Manila Stock Exchange Composite Index closed 7.14 points higher at 934 90, mainly on gains by San Miguel Corp. telephone stock PLDT and Atlas Mining and Development Corp. Combined
      Reuter  -  99 words
    • Article, Illustration
      Lock icon Tung group denies it's in financial trouble
      394 7 Reuter TWO YEARS after it crawled back from the brink of bankruptcy, one of the world's largest shipowners, the Tung group of Hongkong, has been forced to deny rumours that it again faces serious financial problems. Rumours were circulating that the company s
      Reuter  -  394 words
    • Article
      Lock icon Horse-racing to take off in Macau
      282 7 AP TAIWANESE BUSINESSMEN have invested US$256 million to start horse-racing in Macau, the new Macau Jockey Club's chairman said. The first horse race in the Portuguese enclave, scheduled to return to Chinese sovereignty in 1999 and famous for its casinos, will be run in
      AP  -  282 words
    • Article
      Lock icon Foreign firms eliminated
      315 7 AP THREE FOREIGN construction firms, the last remaining non-Japa-nese contenders for contracts in the multi-billion dollar Tokyo Bay highway project, have been eliminated in a series of bid tenders, according to an official of the corporation running the project. The construction firms eliminated from further bidding for
      AP  -  315 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      90 7 Tlir NEW t WIPEOUT PROMOTION FRFF WIPE"» T (wnrth §7.75 mrsMiTi WIPEQUI ss> today. ssJS^ persons tomorrow Cf"ROACH CITY", Thomson Plaza, (Ground Floor Atrium) 301, Upper Thomson Road |:jl "Roach City" opens from 11.00 am FREE ONE BOX OF WIPEOUT (Limited To One Box Per Coupon) r Ss3i Li All
      90 words
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  • SES
    • Article, Illustration
      Market edges higher to another post-Crash high in active trading
      1189 8  -  by ANDREA BORCH FINISHING OUT a week of consecutive daily gains, the local market reached its fourth postCrash high on a slight climb yesterday in active trading. The Straits Times Industrials Index added 2.96 points to close at 1,244.27, finishing
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    • Article
      COMPANY MEETINGS
      105 8 CARLSBERQ BREWERY MALAYSIA BERHAD: 19th AGM at No. 55 Persiaran Selangor, Section 15, ***** Shah Alam, Selangor, on Tuesday, April 18, at 11.30 am. CHEMICAL COMPANY OF MALAYSIA BERHAD: 27th AGM at the Perak Room, Basement 2. Shangri-la Hotel. 11 Jalan Sultan Ismail. ***** Kuala Lumpur, on April
      105 words
    • Article
      APPROVED ISSUES
      196 8 Company RIGHTS ISSUE D C Bonk One-fa* two $0 75 per store E» dote March 9 toots close: March 23 George Town Acceptance I Payment Mcry 5 Three lor two $1 CO per shore Ex-dote- Morch 13 Books close: Morch 28 Acceptance Payment May 12 Inno-Pocific Thf«« lor
      196 words
    • Article
      PROPOSED ISSUES
      331 8 Company RIGHTS ISSUE Ayer Hitom Tin One tor on* )l 10 per shor* B«r|Oya Corpn On* lor on# $1 00 por p*r shor* C 1 Holdings 27 million loo* stocks m th* ratio ot 13 loon stock for *v*ry tr«* ordinary shorn h*ld Causeway Inv Isso* ot Visum
      331 words
  • Article
    SES SHARE INFORMATION
    6251 8 1989 High Low Tel Cod* Company Last Sale APR 14 orVol (000) Day Last Quote High Low Buyer Seller Qr'a Dlv 1 1 Dlv C'vr Qr'a Yld Net P/E M Cap Smil SECTION ONE INDUSTRIAL ft COMMERCIAL 162 111 85 65 300 184 200 131 112 101
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  • KLSE
    • Article, Illustration
      Lock icon KL prices advance slightly
      3589 9 MBT THE Kuala Lumpur stock market had another winning session yesterday although gains were not as sharp as previously. Trading remained heavy. Prices opened easier with about three million shares changing hands in the first hour. Brokers said the market initially came under profittaking following Thursday's
      MBT  -  3,589 words
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  • COMPANIES & STOCK MARKETS
    • Article
      Hotel Props brings in three co-owners for Hotel Meridien
      517 10  -  By MAGDALENE NG HOTEL PROPERTIES LTD has roped in three partners one each from Singapore, Japan and Indonesia to co-own and operate the Hotel Meridien Singapore and Shopping Centre. Hotel Props paid $185.6 million for the Orchard Road hotel in November
      517 words
    • Article, Illustration
      Cerebos Pacific's after-tax profit rises 30pc to $16m
      492 10 FOOD GROUP Cerebos Pacific Ltd turned in a near 30 per cent increase in group profit after tax and minorities to $16.08 million ($12.51 million) for the six months ended Jari 31, 1989. Turnover during the period rose 9 per cent to
      492 words
    • Article
      Sports Toto sells 1.37m Magnum shares to Berjaya subsidiary
      311 10 SPORTS TOTO Malaysia Bhd, the gaming subsidiary of Berjaya Corp (M) Bhd, has agreed to sell 1.37 million shares in Magnum Corp Bhd to United Prime Insurance (M) Sdn Bhd. also a subsidiary of Berjaya, for M 54.54 million or M
      311 words
    • Article
      Lock icon Mining to stop
      67 10 Bernama MINING OPERATIONS by the associated company of Kuala Kampar Tin Fields Bhd is expected to cease sometime this month as the remaining proven preserves in the present area are limited. Chairman Ibrahim Menudin said in the company's latest annual report that Timah Matang Sdn Bhd continued
      Bernama  -  67 words
    • Article, Illustration
      Chuan Hup proposes $77m-$103m rights
      490 10  -  One-for-two floating rate note issue planned By ELAINE KOH CHUAN HUP HOLDINGS has proposed a renounceable one-for-two rights issue of unsecured floating rate notes (FRNs), which will bring in between $77.17 million and $102.95 million for the marine-based group. Each note, with a nominal value
      490 words
    • Article
      OUB to redeem CULS in full on May 31
      372 10  -  By KEVIN GWEE OVERSEAS Union Bank Ltd will redeem all its outstanding $100million 7%-per-cent convertible unsecured loan stock 1992 (CULS) on May 31. CULS holders will receive 101 per cent of the principal amount together with accrued interest for the period
      372 words
    • Article, Illustration
      Allan Ng's trial adjourned until Sep 4 on expiry of allocated time
      297 10  -  Insider Trading Trial ALLAN NG THE INSIDER TRADING trial of Allan Ng, 47. has been adjourned to Sep 4. after the time allocated for it expired yesterday. Eight weeks have been set aside for the next hearing, which
      297 words
    • Article
      Selprop considers new projects
      473 10 SELANGOR PROPERTIES Bhd is giving priority to the development of its vast land bank, given the recovery in the Malaysian property sector. Chairman Tan Sri Oato Or Wen Tien Kuang said in the company's latest annual report that priority will be given to the development of
      473 words
    • Article
      Lock icon Terms for two proposed purchases fair: G Lumber
      222 10 Bernama GENERAL LUMBER (Holdings) Bhd said it considers the terms for the proposed acquisitions of UMW Industries Sdn Bhd and the Sri Pakar Development project in Kuala Lumpur as "fair and reasonable". Chairman Wan Azmi Wan Hamzah said in a circular to
      Bernama  -  222 words
    • Article, Illustration
      Lock icon MCA fears takeover bid for MPHB may affect party's support and credibility
      423 10 Reuter MALAYSIA'S main Chinese party, the Malaysian Chinese Association (MCA), says a takeover bid of its main investment arm would affect its political credibility and support. MCA leaders held a four-hour emergency meeting on Thursday to assess the
      Reuter  -  423 words
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      89 10 CURRENCY INVESTMENT AMI KK I \|'Kl ss |v\\ TEL: 321 3333 An ootshiahed legal Arm Invites application for PERSONNEL/ ADMINISTRATION MANAGER Primarily responsible for developing, refining and implementing personnel and aomtnistratrve poilass. The ideal candidate must have good analytical and organisational abilities with supervisory experience in personnel matters. Applicants should
      89 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Into the wilden
      1577 11  -  The Indian jungle. Mysterious, beautiful, deadly. Ask any villager. Ask any tiger. Yet if you would enter the land of Kipling's Jungle Book, of ethereal mists, sambar and ferocious summer temperatures, there are several 'parks open today to visitors. NIRMAL GHOSH provides a guide... NIRMAL GHOSH FATEH
      Pictures by NIRMAL GHOSH  -  1,577 words
    • Article, Illustration
      Tennis menace, anyone?
      554 11  -  ENCOUNTERS By SAMUEL EE DtD YOU KNOW that professional tennis players are not only endowed with racket talent, but can also communicate telepathkaUy? Not convinced? Well, here are excerpts of Bjorn Borg and John McEnroe's on-court, extra-sensory conversation last Wednesday night, culled by a local amateur clairvoyant
      554 words
    • Article
      STRAWS in the Wind
      203 11 THE MINISTRY of Community Development seems to be taking Nutrition Week seriously. No more the developing as well of fat. At a high-level meeting, the usual beverages taken by most with fattening milk and sugar were absent. Instead, guests were served with herbal tea. i A
      203 words
    • Executive Lifestyle: Entertainment
      • Article, Illustration
        New faces in an old crowd
        597 12  -  SWITCHING Wtth ROGER LOH IS IT JUST a matter of familiarity after all? Which would you prefer if you had to choose between Roseanne and Kate and Allien Do familiar faces have an edge over the new competition? Does anyone know for sure? Does
        597 words
      • Article, Illustration
        Tale of a treasure hunt mixed with a history of Singapore
        358 12 BOOKS -221 Ram** By Rumoll Foreman Times Books International 312 oaoas. 512.50 Reviewed by SHOEB KAGDA BENEATH all its complexities, 221 RaMee is really an old-fash-ioned treasure hunt story. The booty belongs to Hongkong's infamous triads, but is buried
        358 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        The cover-girl next door
        502 13  -  DICK LEE THE WAIF-LIKE face, a combina-. Hon of innocence and sophistication, could atlll trigger the memortee of cover-girl watchers today. When I first met Tina Tan 18 years ago, it waa hard to imagine that the gawky tomboy would, in three short years, be transformed
        502 words
      • Article, Illustration
        Pencil-sharp chic
        719 13  -  -by DICK LEE BECRET ARIES today dictate the way they look. Any MRT commuter knows that. Just take ride down to Raffles Place one lunchtime and take in the elegant lunchtime parade of administrators gliding to and from equally elegant offices and the figure-maintaining sandwich bars. No more
        719 words
      • Article, Illustration
        What's in store for the Working Girls
        542 13 A QUICK GLANCE at what some hotels have to offer during Secretaries' Week: Boulevard FOR $30+ at the Manhattan Grill, you get door gifts, widespread buffet lunch and a view of the latest creations of local designers like David Yang (April 24), Arthur
        542 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Mass marketing health: how effective is it?
        876 14  -  HEALTH By RICHARD SEAH FOR A FIRST attempt, Nutrition Week was not too bad. Reports that many Singaporeans remain reluctant to change their diet cannot be taken to mean that the campaign has (ailed. Change takes time. However, there is only so much
        876 words
      • Article
        Fortissimo
        374 15  -  FOOD By QUEK SWEE PENG WHAT IS THE APPEAL of Italian food? Many an expert would put it down to the flamboyant flavours and contrasting colours. Plus the crescendo of chatter the pianissimo of sweet nothings of a courting couple in the corner to the fortissimo of merry-making of
        374 words
      • Article, Illustration
        Spicy lychee wine that appeals to first-timers
        743 15  -  By N K Yong GEWURZTRAMINER smells like very ripe lychees. Not just any ordinary lychee, but the topquality, small seed variety. Hence the name "Lychee Wine". Literally, though, gewurz means "spicy", which, in the European context, means exotic. To the senses, this translates
        743 words
      • Article, Illustration
        BILLBOARD
        1006 15  -  Compiled by JUANITA SHAKILA CINEMA Betrayed starring Tom Berenger and Debra Winger in a movie filled with drama, passion and of course betrayal. Now showing at Lido: 11; 1.30; 4; 6.45 and 9.15. Overboard Goldie Hawn and Kurt Russel star in this wild comedy directed by Garry Marshall. Now
        1,006 words
      • Article, Illustration
        How counting can turn a guess into a certainty
        580 15  -  BRIDGE By SYBIL HOLLOWAY ANOTHER OPPORTUNITY to shine at this year's SCBA Easter Congress was missed by the defence when the following deal turned up during the match between one of the Singapore teams and the NUS students' team. The hand
        580 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • SHORT TAKES
        • Article
          A chance to be famous
          356 16 HOME-GROWN pop music takes the stage at the first Music Festival by way of Pop Sparks 11, a showcase that allows local talent to come out of bathrooms and make a bid for fame. A Ministry of Community Development endeavour, this concert forms part of
          356 words
      • Article, Illustration
        Fine cast betrayed by a poor script
        576 16  -  CINEMA By JAIME LYE YOU COULD CALL it bad timing. Less than a month after Mississippi Burning is not a good time to be screening Betrayed. Instead of being content with watching Debra Winger decide whether she's an undercover agent or a passionstarved,
        576 words
      • Article, Illustration
        The Italians are coming
        925 16  -  By LAWRENCE TAN THESE DAYS, as far as Cecchi Gori is concerned, all cinematic roads lead to Singapore. Or so it seems. The studio that the Italian company is building in Singapore should be completed in eight months, at most a year, says Mr Paolo Ferretti
        925 words
      • Article, Illustration
        Funny business with two pairs of mismatched twins
        455 16  -  By JAIME LYE ONE GETS a kick out of assessing subordinates' dress styles ("You look like a blood clot"). One gets a kick out of stuffing herself with chocolate eclairs and making love to pastry carts. Another gets her kicks by kicking
        455 words
      • Article, Illustration
        Taking formula pop to new heights
        637 16 WHEN MOTOWN FOUNDER Berry Gordy saw Smokey Robinson and the Miracles performing in a Detroit club, he knew songwriter Robinson had great potential Under Gordy's guiding hand, and led by Robinson s delicate falsetto, the group soon became a major American black-pop force, scoring
        637 words
    • Executive Lifestyle: Sports
      • Article
        Lock icon Stewart shares first-round lead in Heritage Classic
        564 17 GOLF AP PAYNE STEWART, who came to this tournament to prepare for another, compiled a bogey-free 65 on Thursday for a share of the first-round lead in the US$BOO,OOO Heritage Classic. Stewart was tied with Kenny Perry, who birdied three straight holes in
        AP  -  564 words
      • Article, Illustration
        Spotlight on Allan as Perak Derby nears
        619 17  -  HORSE-RACING Oh TRdCK With JEROME FANDOR ALL EYES remained focused on "The Master" Ivan Allan as he prepared his classic money spinner Feu Vert for next Sunday's $200,000 Perak Derby. Allan has opted to sprint the champion over 1200 M in his final
        619 words
      • Article, Illustration
        Lock icon Malone, Wilkins help Hawks to fifth win
        573 17 BASKETBALL AP MOSES MALONE scored 29 points and Dominique Wilkins 27 as the Atlanta Hawks routed the Boston Celtics 132-118 on Thursday night for their fifth consecutive victory. The Hawks broke a thirdplace tie with idle Milwaukee in the NBA's Central Division race
        AP  -  573 words
      • Article
        Lock icon Williams accuses coach of stating intention to hurt track and field
        276 17 THE BEN JOHNSON INQUIRY AP COACH CHARLIE Francis has been accused by one of his former students of saying last fall that his testimony at a Canadian investigation of drug use in sports would be aimed at destroying track
        AP  -  276 words
      • Article, Illustration
        Kijimuta continues giant-killing spree
        538 17  -  DHL SINGAPORE WOMEN'S OPEN By A SURENDREN JAPAN'S AKIKO Kijimuta, after wiping out the top seed on Wednesday, continued her killing streak yesterday, knocking out eighth seed Iwona Kuczynska of Poland in the quarter-final of the DHL Singapore Women's Open. She won 6-4, 6-4 in 105
        538 words
      • Article
        Lock icon King v Cayton — the fight for control over Tyson's career
        655 17 King v Cayton the fight for control over Tyson's career BOXING NYT WHILE Don King and Bill Cayton parry one another's legal manoeuvres in their struggle to control Mike Tyson's career, rival fight operatives have been trying to dope out how to do business these days with the heavyweight champion.
        NYT  -  655 words
      • Article
        Lock icon Tributes pour in for Sugar Ray Robinson
        431 17 AFP TRIBUTES from boxers and fight experts have been pouring in following the death of Sugar Ray Robinson, arguably the greatest fighter who ever lived. One of the first to pay tribute was former world light heavyweight champion Archie Moore. "We are all
        AFP  -  431 words
      • Article
        Westin Stamford vertical marathon on June 4
        423 17  -  MARATHON By CHARLES SAVAGE TWO-TIME WINNER Briton Helen Gilby won t be defending her title but chief flight steward Kenneth Keng is training to set a new vertical marathon record on June 4. Gilby, Singapore's top woman athlete, has switched to a light
        423 words
      • Article
        Lock icon Counting down to Boston marathon
        144 17 AP ROAD CREWS were removing dead animals, patching potholes and repainting the starting line this week, preparing the 41.8 km route for the 93rd annual running of the Boston Marathon on Monday. On a hill next to Hopkinton Town Common, painters on Wednesday were betting
        AP  -  144 words
      • Article, Illustration
        Lock icon Frustrating day for Mansell at Imola
        258 17 GRAND PRIX Reuter BRITON Nigel Mansell suffered a frustrating first day of testing for next week's San Marino Formula One Grand Prix when he took his Ferrari around Imola on Thursday. Mansell, who marked his Ferrari debut with victory in last month's season-opening Brazilian
        Reuter  -  258 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        UMW is out of bumpy patch
        702 18  -  UNITED MOTOR WORKS mm By LORETTA McLAUGHLAN WHEN THE whole market is on the move as it was last week, it could be misleading to pinpoint just one stock to watch. From which group should we pick a single company? Those that have enjoyed
        702 words
      • Article
        Is it worth paying a 34pc premium?
        846 18  -  STRAITS STEAMSHIP WARRANTS VWCHER v By AMY BALAN CUTTING a fine deal is the name of the game. So it is not surprising that Straits Steamship s $150 million loan stock and warrants made waves in the market as did its parent Keppel's
        846 words
      • Article, Illustration
        Lock icon High interest rates, but high risks too
        932 18  -  FOREIGN CURRENCIES By AMY BALAN TEMPTED by the high interest rates on foreign currency deposits? Think again. High returns rarely come without high risks. Take the Australian dollar. It reached a high of around $1.72 against the Singapore dollar in early February but
        Source: Standard Chartered Bank  -  932 words
      • Article
        Lock icon Trading rules for options on Japanese and foreign bonds
        216 18 OPTIONS Reuter THE Japan Securities Dealers Association has revealed details of trading rules for options based on Japanese and foreign bonds, a spokesman said. Members of the association may sell or buy options based on central and local government bonds, corporate
        Reuter  -  216 words
      • Article, Illustration
        Lock icon Discretion better part of valour
        396 18  -  CHARTPOINT Robert Tay ert Tay, manager. Investment service*, DBS Securities. This Is a personal opinion of Mr Tay and Is not to be construed as Investment advice or that of DBS Securitiesf. Retracement. A tenet of technical analysis is that after a sharp fall, the
        Source: Investamatic  -  396 words
      • Article
        The profit and loss account
        564 18  -  ANNUAL REPORTS BEatmEfrs A camnWm By KEVIN GWEE This month and the next should see a deluge of annual reports. In the next few weeks, Beginners Corner will focus on what to look out for in these reports. AN ANNUAL REPORT, with its financial statements,
        564 words
    • Executive Lifestyle: Letter to the Editor
      • Article
        Indonesia: better climate for business
        962 19  -  RAHARDJO DJOJONEGORO Head of Information, Prase ft Culture Minister Counsellor Indonesian Embassy Dear Sir In response to the article which appeared in the Business Times of 11 April 1989 on "How to do business in Indonesia get that personal contact" by John Murray Brown, the
        962 words
      • Article
        On the half tank ruling
        105 19  -  D W DISTANT Dear Sir Instead of implementing the minimum half tankful of petrol rule for motorists crossing the Causeway and further aggravating the already notorious traffic jam there, why not instead levy a tax with a difference. Motorists would be required to pay. say.
        105 words
      • Article
        An apology
        172 19  -  ALFRED CHAN Dear Sir I had just come back from an overseas trip and was reading through eopies of Business Times when I came across the article in the Monday, March 13, issue by Tan Cheng Hwee entitled "How to be really market-oriented" under the Spotlight on Management
        172 words
      • Article
        Is SIA asking too much?
        338 19  -  TON HSUEH YEN Dear Sir, I see that Singapore Airlines has started another round of groaning, moaning, whining, whinging, and general all-round complaining about its viability to mount an increased number of flights between London and Singapore (Business Times, April 11, 1989). I feel that
        338 words
      • Article
        Keeping up hygiene
        321 19  -  RICHARD LIM Hsad Public Affairs Department Ministry Of Ths Environment Dear Sir I refer to the letter on "Demand Higher Standard of Hygiene". Business Times, 8 Apr 89. We are happy to note that consumers are urged by the Consumers' Association to demand higher standards of hygiene
        321 words
      • Article
        Nursed all the way to death
        504 19 SATURDAY, APRIL 15, 1989 NEWS THAT as many as 200 patients might have been killed in an Austrian hospital is chilling as only the transformation of fiction into fact can be. In film after film, we come across psychopaths who haunt lonely alleys or
        504 words
    • Article, Illustration
      New Raffles rooms will be priciest
      631 20  -  Almost $1 m to be spent on each room By LEE HAN SHIH WHEN THE restored Raffles Hotel opens in mid-1991, each of its rooms will go for $400 to $500 a night, making it by far the priciest hotel in Singapore. However, to
      631 words
    • Article
      Ministry looking into labour shortage of contractors
      340 20 THE GOVERNMENT has written to the Singapore Contractors' Association Limited (Seal) to assure that it is looking into the foreign workers issue seriously. A Seal official said the letter from the Ministry of Labour did not contain details about specific measures to rectify
      340 words
    • Article
      Lock icon US February deficit up 21 pc to US$10.5b
      179 20 AP, AFP THE US merchandise trade deficit swelled by 20.9 per cent to US$lO.5 billion in February as Americans increased their appetite for foreign goods, the US Commerce Department said yesterday. It noted that the sharp deterioration in the trade picture reflected
      AP,; AFP  -  179 words
    • Article
      Lock icon Abe admits wife received 'consulting fee' from Recruit
      357 20 AP THE MAJOR bribery scandal shaking the Japanese government widened yesterday as the country's second most powerful leader admitted his wife had been paid about eight million yen (US$6O,OOO) by Recruit Co, the firm at the scandal's centre. Shintaro Abe, secretary-gen-eral of
      AP  -  357 words
    • Article
      Lock icon 'Worker shortage will hold up projects'
      329 20 Reuter CONSTRUCTION companies would be unable to complete some major projects on schedule because of the recent departure of 10,000 Thai workers, industry sources said yesterday. Changi Airport's Terminal Two would be among the projects delayed by the labour shortage, they said. The Thais,
      Reuter  -  329 words
    • Article
      Lock icon Brunei acts to counter negative image abroad
      331 20 Bernama BRUNEI DARUSSALAM, dismayed over its image abroad because of misconceptions about the oil-rich sultanate, has embarked on a major campaign to set the record straight, aiming specifically at the foreign media. The Bruneian government felt that although Brunei had been a fully
      Bernama  -  331 words
    • Article
      Lock icon Pacific Rim Forum proposed for US-Asia trade cooperation
      342 20 AP. Bernama LEGISLATION introduced on Thursday called for the creation of a Pacific Basin Forum for the US and Asian nations to deal with issues on free trade and economic development. "The United States has a pressing need to reinvigorate our diplomatic
      AP.; Bernama  -  342 words
    • Article
      Lock icon US to let M'sia and Israel continue with GSP
      563 20 Bernama/AFP THE US has decided to let Malaysia and Israel, accused of violating workers' rights, to continue with the Generalised System of Preferences (GSP). but is ending the benefit for Burma and the Central African Republic from July 1, over the
      Bernama/AFP  -  563 words
    • Article
      Lock icon Comex silver
      92 20 Reuter COMEX silver futures were driven lower on profit-taking early yesterday following a brief rally over Thursday's highs. In a nervous market, May silver sank 2.0 cents at US$5.B7 an ounce, having pulled back from U555,965. Analysts said the upturn lacked push-through interest and the day traders quickly
      Reuter  -  92 words
    • LATE FILE
      • Article
        Lock icon Tin price soars further at KLTM
        82 20 Bernama THE KUALA LUMPUR Tin Market continued its bullish sentiment yesterday with a 28 sen gain to close at a three-year record of M 528.95 per kg and only 20 sen away from the level seen before the International Tin Council collapsed in October
        Bernama  -  82 words
      • Article
        Lock icon Jakarta ready to help ease tin price
        67 20 Reuter Indonesian Mines and Energy Minister Ginanjar Kartasasmita said yesterday that Indonesia was ready to boost output to calm soaring prices, now at their highest in three years. He said the price should be between US$9,OOO and US$lO,OOO a tonne (compared with the
        Reuter  -  67 words
      • Article
        Lock icon 'Emperor says sorry to Li Peng'
        77 20 AFP CHINESE PREMIER U Peng said in Tokyo yesterday that Japanese Emperor Akihito has apologised for Japan's war-time aggression against China. "The two countries had a long history of exchange. I regret that there was an unfortunate history in the modern era," Mr Li
        AFP  -  77 words
      • Article
        Lock icon No solo deal with Hun Sen
        69 20 Reuter, AP PRINCE SIHANOUK said in a radio broadcast yesterday that he would make no solo deal in talks with the Phnom Penh leader Hun Sen in Jakarta next month. Indonesian Foreign Minister Ali Alatas had said that the Prince had messaged President Suharto,
        Reuter,; AP  -  69 words
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      Page 11 Advertisements Column 1
      102 11 IT IS A MOMENT OF TRIUMPH. OF MAD COMFIADERY. OF CULMINATION. A MOMENT YOU'VE SACRIFICED FOR. OMEGA. FOR ALL YOUR SIGNIFICANT MOMENTS. m f t* t--4 i/fi i \v fj ''V I Registered Model OMEGA ALWAYS MARKS SIGNIFICANT MOMENTS IN THE OLYMPICS IN THE SPACE PROGRAM IN SIGNIFICANT LIVES LIKE
      102 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      1529 12 suns 10 WATCH Fun with three bachelors and a married man MOVIES Tahn DM Dons, Today, Ck 5, 3.05pm Indonesian comedies are usually so much more refined, so much more halus. Today's is about three bachelors and the antics they get up to. It stars Kasino, Dono and Indro, and
      1,529 words
    • Miscellaneous
      Page 12 Miscellaneous Column 2
      1326 12 SATURDAY BBC 88.9 mHz In VMF Band tl I SAM Newshour. 7.00 World News 7.00 Commentary. 7.15 From The Weeklies 7.30 Multitrack 3. 8.00 Newsdesk. 8.30 Personal View 8.45 Recording of the Week 9.00 News Summary followed by Outlook. 9.25 Financial News. 9.30 Life Along the Line. 9.45 Book Choice
      1,326 words
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      817 14 n J.MOREAU Wh ere to entertain.. MALAYSIAN HIGH TEA ONLY $7.00++ tklS*-*. Try Something Malaysian Style "HIGH TEA" From three to six every afternoon your choice of 15 Buffet spread of delicious Kueh Lapis. Kueh Dadah, Mec Siam, Kueh Kuchee, Agar Agar Gundil. Bubor Hitam, Gula Melaka and many more.
      817 words
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      Page 14 Advertisements Column 2
      226 14 Beijing's finest m T fi .'t w nt Pine Court, more than 150 Beijing delicacies await you for lunch and dinner. For orders above: $688 Complimentary Remy Martin XO (70cl) $488 Complimentary Remy Martin XO (35d) $328 Complimentary Dynasty Wine Lunch also features a buffet of true Singapore flavours. All
      226 words
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      211 15 4# f M W' Sunday Brunch: A great family outing If s a wonderful way to combine a late breakfast wtth an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad and
      211 words
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      Page 15 Advertisements Column 2
      78 15 trtM iis is J. Moreau 9 Established in Chablis, on the northern tip of Burgundy, J. Moreau have produced the finest Chablis wines for over 170 years. They own 70 hectares of vineyards the largest within the Chablis appellation. Including 10 hectares of Grand Cru vines which yield exquisite, full-bodied
      78 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      28 18 BT welcomes investment Ideas and viewpoints from brokers, bankers, and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923
      28 words
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      33 19 readers. Your letter* must include your signature, full numbers, if any. You may add a peeudonym, if you wish. Addrees your letters toe The Editor, Dmlneti Timet, 910, Kim Seng Roed, Singapore 0923.
      33 words
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      Page 19 Advertisements Column 2
      121 19 m HiS/EN'T STOPPED ft ft V y j 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 12 413,1989, to attract investment entrepreneurs
      121 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      788 19 CRYPTIC PUZZLE ACROSS 9 What earned poor marks in the 'Model Railway' competition (3. 6) 10 Lady, the clue's been changed to "Greek hero" (8) 12 Going round with a companion to get the valuable (4) 13 He's assumed we are right (6) 14 The man backed into the tree,
      788 words
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      113 20 Singapore's a Financial r Supermarket 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, BT's 1989 Banking and Finance Supplement
      113 words