The Business Times, 17 June 1989

Microfilm: NL16652
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, June 17-18 1989 75 CENTS
    12 words
  • Article, Illustration
    Lock icon US dollar takes a nosedive
    415 1 SIX-YEN PLUNGE BIGGEST ONE-DAY FALL IN YEARS IN A WAVE OF of profit-taking, or simply panic-selling, the US dollar plunged by more than six pfennigs and six yen during late trading in New York on Thursday the biggest one-day fall in years. And just when
    Source: Telerate (Tele-Trac)  -  415 words
  • Article
    Lock icon Japan urges early Asia-Pacific economic ministerial meeting
    427 1 AFP/AP JAPAN hopes that Asia-Pacific countries will soon .hold a ministerial meeting to discuss ways of further developing the regional economy. A Japanese-proposed AsiaPacific Economic Ministerial Conference may be held in November if countries, including the US and Australia, agree, a Ministry of
    AFP/AP  -  427 words
  • Article, Illustration
    Frank Yung resigns as SPH group's chief executive and director
    202 1 FRANK YUNG yesterday resigned as chief executive and director of the Singapore Press Holdings group. He had been at the helm of one of Singapore's largest corporations for three years. His resignation took immediate effect. In a brief announcement last
    202 words
  • Article, Illustration
    BT/Zoo ad tops NY competition
    406 1  -  By GENEVIEVE CUA A BUSINESS TIMES print campaign which set out to woo funds for the Singapore Zoo has waltzed away with a gold medal in an international advertising competition in New York. The ads scored in The New York Advertising Festivals this week, which
    406 words
  • Article
    Lock icon DOW JONES
    56 1 AP THE US stock market trading got off to an energetic start yesterday morning but share prices were mixed. Volume on the New York Stock Exchange surged to 107.85 million shares in the first 30 minutes of trading. The Dow Jones average of 30 industrials edged up 6.16
    AP  -  56 words
  • Article
    Lock icon FOOTSIE
    51 1 AP SHARE PRICES were higher on the London stock exchange at midday yesterday on the market's relief that the retail price index contained little to provoke an immediate hike in interest rates. At 1200 GMT. the FTB6 100-share index was up 9.4 points, or 0.4 per cent, at 2,130
    AP  -  51 words
  • Article, Illustration
    Local market resumes climb
    237 1 SHARE PRICES in Singapore resumed their climb yesterday after a one-day setback. The Straits Times Industrials Index advanced 8.23 points to 1,295.50 in moderate trading while the Business Times Composite Index moved up 7.10 points to 1,192.23. Rises led falls by 143 to 41 on a
    237 words
  • Article
    FINANCIAL NEWS SUMMARY
    155 1 llXliCtt f rlri „n rrxjoy ST Industrials Index 1,296.52 8.23 BT Composite Index 1,192.231 7.10) NST industrial Index 2,238.07( 7.34 HK Hang Seng lnd«x 2,342.41 2.39 Tokyo Nikkei Average 33,055.17 (+142.06) Sydney Al-Ordlnorles 1,528.2 (-4.2) ThurvJoy Now York (Dow Jones) 2,474.55(-28.55 London (FT 30 Max) 1758.9(-4.0) Exchange
    155 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      218 1 Th« Wbrtd'tßnMt Photographic Syttom. •> ■K'' mm f z /A Of guns 'n roses Page One Queensland enjoys a boom Page Two The Trail of the Wily Weekender Page Three v I 1 k1 I The next best thing to mother's milk Page Four Fitters' Day The greater fighter Page
      218 words
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      Page 1 Advertisements Column 2
      126 1 Th« World's RnMt Dollar nosedive sett poser about Its direction, PAGE 5 Full report, PAGE t Regional mkta, PAGE 10 World mkta, PAGE 11 selves as connoisseurs. And our customers j Timeless value from Rolex... and The Hour Glass. i| to examine our Rolex It manifests itself as fellow collectors.
      126 words
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  • HOME NEWS
    • Article
      Petrol trade with China untouched by crisis there
      594 2  -  INDUSTRY OBSERVERS MONITORING SITUATION By JEFFREY TSANG THE BIGGEST COMMODITY traded between China and Singapore petroleum and petroleum products appears to have been unaffected by the unrest in the People's Republic so tar. But the industry is watching the situation. "An event
      594 words
    • Article
      Traders sanguine about China's exports
      605 2  -  By JOCELYN TOH IMPORTERS OF traditional Chinese goods are not unduly perturbed by the crisis in China but suppliers of products meant for the industrialisation efforts of China are expecting a setback. Fruit and vegetables, textiles and Chinese medicine have been coming In from China
      605 words
    • Article
      Singapore, New Zealand air links strengthened
      373 2  -  By JOHN TAN AIR LINKS between Singapore and New Zealand were given another boost with the conclusion < of new agreements yesterday. From April 1990. both Air New Zealand and Singapore Airlines can have an additional Boeing 747 passenger weekly service, up from the
      373 words
    • Article
      Too much of a good thing is wonderful
      475 2 BEING a giant conglomerate is t no longer in vogue, not unless the conglomerate can dance. In a one-and-a-half-hour rapid fire session yesterday, Howard Business School professor Dr 1 Rosabeth Moss Kanter told an enraptured audience that the < new challenge for
      475 words
    • Article
      2pc increase in CPF will go to Special Accounts
      239 2 THE LABOUR MINISTRY yesterday confirmed that the 2 per cent increase in the Central Provident Fund total contribution rate for private sector and non-pension-able government employees, effective July 1. will go into members' Special Accounts The increase in total CPF contribution
      239 words
    • Article
      Petrochem industry faces lower margins
      469 2  -  By MARTIN SOONG PETROCHEMICAL produce's in the region face lower margins and decreased profitability in the next decade based on a projected massive capacity glut and slowing demand, a US energy analyst said yesterday. Or Dennis Eklof, director and coordinator for downstream oil markets and
      469 words
    • Article
      Shangdong companies woo local investors
      285 2 CONTENDING that foreign reports of the China crisis are largely exaggerated, the Chinese province of Shangdong is using the occasion of an exhibition to woo local investors. About 100 Chinese companies from Shangdong will be taking part in the "Cooperation-Develop-ment" Shandong. China Singapore exhibition to
      285 words
    • Article
      Political parties need licence to display flags
      95 2 POLITICAL PARTIES must apply for a licence before displaying their banners or flags, the Public Works Department said in a statement yesterday. This reminder follows reports from police and Housing Board Area Offices of political parties displaying banners and flags without the advertising
      95 words
    • Article, Illustration
      'Investments must complement development to be viable'
      243 2 FUTURE INVESTMENTS in petrochemical plants in Singapore will have to complement and support industrial development of the region to be viable, rather than compete against existing or planned facilities, Petrochemical Corporation of Singapore deputy managing director Dr Han Cheng Fong said yesterday. Outlining
      243 words
    • Article
      SHIPS IN PORT
      1219 2 AT CONVENTIONAL WHARVES Metofca Joya3 8/89 08/89 M28 M48 alongside alongside 16.06/2000 1706/ 1500 go torn Moju *****9 M2A 17.06/ 1800 1806/0600 VMM* Kappai Whwm Arbela Equator Jode fe Pilot Jologovind K iespersen Voy No 1/89 2/89E 3 2EB 32MX89 Barih Arrival K32 olongside K2D olongside K3I
      1,219 words
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  • OVERSEAS
    • Article
      Lock icon Aeroflot launches first major US marketing campaign
      317 3 AP URGING AMERICANS to "come experience glasnosf, the Soviet national airline Aeroflot is launching its first major marketing campaign in the United States. Aeroflot, the world's largest airline, said on Wednesday it increased its flights from New York and Washington to Moscow from
      AP  -  317 words
    • Article
      Lock icon Bangladesh to raise travel tax under new budget
      183 3 AFP TRAVEL abroad by air, land and sea will be costlier under Bangladesh's national budget for fiscal 1989-90 announced in parliament on Thursday. Finance Minister Wahidul Haque, unveiling the budget in parliament for the fiscal year beginning July 1, proposed raising the
      AFP  -  183 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1019 3 ARRIVALS DEPARTURES Operator Service number Local From time Operator Service number Local For time CAL StA SU MAU StA MAS SVA KAL Q333 SQ401 SQ409 MK746 SQ023 MH640 SV398 KE624 0403 TPE 0555 CMB 0610 MAA 0725 MRU 0755 AMS/BOM 0820 Kid 0835 JED/RUH 0840 KUL SU
      1,019 words
    • Article, Illustration
      Lock icon Don't call me Mister President: Gorbachev
      195 3 Reuter ONE OF THE minor problems of Mikhail Gorbachev's four-day visit to West Germany was what to call him. At his final news conference on Thursday, the Soviet leader laughed when a journalist from Czechoslovakia addressed him in Russian as "Mr President". "Why do
      Reuter  -  195 words
    • Article
      Lock icon Poland needs US$lOb in aid, Walesa tells Mitterrand
      479 3 Reuter SOLIDARITY LEADER Lech Walesa told French President Francois Mitterrand on Thursday Poland needs US$lO billion to rescue its economy and avert a popular upheaval that could destroy democratic reform throughout Eastern Europe. Mr Walesa said he handed Mr Mitterrand a Solidarity
      Reuter  -  479 words
    • Article
      Lock icon KL industrial production index up 9.8pc
      179 3 Bernama MALAYSIA'S index of industrial production (IIP) rose 9.8 per cent to 140.1 for the first four months of the year from 127.6 for the previous corresponding period. The Statistics Department yesterday said on month-to-month comparison, the lIP for April dropped 2.3 per cent
      Bernama  -  179 words
    • Article
      Lock icon Japan demands reciprocal concessions from US
      553 3 INTENSE TRADE TALKS END IN DEADLOCK AFP NYT JAPAN braved the threat of economic sanctions to demand concessions from Washington in two days of intense trade talks this week, for once refusing to back down to US pressure Tokyo has mustered the confidence not
      AFP; NYT  -  553 words
    • Article
      Lock icon Slower growth not expected to worsen US budget deficit
      516 3 Reuter THE WHITE HOUSE'S rosy economic scenario is expected to fade next month to a paler hue, but it will still be more optimiatic than that of private or Congressional forecasters. Yet. Congreaaional budget experts said the forecaat of lower economic
      Reuter  -  516 words
    • Article
      Lock icon US fears of Fortress Europe a misunderstanding, says Delors
      270 3 AFP US FEARS about a possible "Fortreaa Europe" being established with the 1992 deadline establishing a single market by the 12-nation European Community (EC) were baaed on a misunderstanding, the EC'a chief executive aaid on Thursday. Mr Jacques Delors, president of
      AFP  -  270 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      34 3 LONDON CtUyvur Tmti Agent or Air Can*k 7i2tUs. A BREATH OFFRESHAIR The buiinru penon'i cho« every Tuesday. Thursday. Saturday and Sunday. Leaving Changi Airport at 22:05 Houri and arriving Heathrow eaHy the following morning.
      34 words
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      Page 3 Advertisements Column 2
      68 3 0t M:M Mft NEWFUN KELONG RESTAURANT AT SENTOSA SINGAPORE'S WSCOVHW ISLAND MONORAIL STATION 2. IT IS fUST A FEW mm WALK FROM THE NEW FERRY TERMINAL w -i y MiJ 1L ;0^ SPECIAL OFFER ONLY yss £?EAMBOS 'buffet Business Hours: 12 Noon -2-30 pm 6 pm 10 pm LOTS OF
      68 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      209 3 Doonesbury MAN, THAT I 6UESS STUFF IS HARD H/ESHOUUMfT TO OFT OFF! HAVE LET < /r/*v... WU EVER NOPE. AND I BEEN THROU6H NEVER UMT AN INK SPILL TO 60 THROUGH BEFORE* ANOTHER ONE-! BY GARRY TRUDEAU/ THIS HAS BEEN THE LONGEST UJEEKOF Mi LIFE! ft fKr I r, it;
      209 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      2316 4 SINGAPORE: f" THE US dollar closed mixed yesterday, falling against the yen but rising against most European y< currencies after concert- u; ed intervention by central lk banks, including the Bun- l/ desbank, dealers said. > It closed at 145.65/75 yen and at 1.9940/55 marks against New York's
      2,316 words
    • Article
      Simex
      564 4 SEPTEMBER Eurodollar futures opened 30 ticks lower than previous Simex close at 91.02 undermined by the US dollar s sharp fall. A stronfler-than-expected capacity utilisation as well as Federal Reserve unexpected sale of 3-yr to 7-yr notes Prices continued to edge lower at 90.98 following Bank of Japan intervention
      564 words
    • Article
      Lock icon Asian dollar market
      283 4 Reuter ASIAN dollar deposit rates ended at their opening levels in quiet trade yesterday, with most operators sidelined ahead of yesterday's US May consumer price index data due at 1230 GMT. dealers said. Term rates firmed 1/16 to 1/8 point at the outset due to a decline
      Reuter  -  283 words
    • Article
      Comex gold/ silver futures
      177 4 Gold futures on June 15 1989 100 troy ounces, USS per troy ounce Of>fi High Low km 342.00 369.50 360.50 347.00 3.20 kM 348.30 3 20 Aug 365 00 372.80 362.70 370.70 3.20 Oct 368 80 376.00 367.00 374.70 3.30 Omc 372 50 382 00 370.50
      177 words
    • Article
      Lock icon IMM
      289 4 Reuter IMM CURRENCY futures whipped higher on Thursday during frenetic afternoon trading to finish with huge daily gains. Values had pulled back from their peaks but firmed again late on close-only buy-stops as funds and others scrambled to cover short positions, traders sa d A hectic day of choppy,
      Reuter  -  289 words
    • Article, Illustration
      World interest rates
      190 4 Indicates the average of the prime tending ratea of 12 major banks In S pore Interbank market ri ites (offer/bid) on June 16 us$ DM SWFC Y»n 7 1 3 6 12 &ay% ■*> i/a t i/t i/a i/t 7/14 5/16 J/16 1/16 9 1/4 f 1/4
      190 words
    • Article
      Government Securities Market
      112 4 Treasury bills Period Issue Yesterday's closing Day's code Maturity MO OFFER HKX LOW 3 mum>B 8Q*****S 14.09.89 3.97 3.92 4X)1 3.96 6 imHrttn 6Q*****H 23.11.89 3.97 3.92 1 y«or B*****0F 24.05.90 4.25 4.20 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate MO
      112 words
    • Article
      Options
      785 4 CURRENCY FUTURES OPTIONS Friday, >»*»• 16, 1989 DEUTSCHE MARK (SMNEX) ••P w cad* an HWl M put* Law OaO 33 53 54 LOW 1 234 312 390 Friday, Jun* 16, 1989 JAPANESE YEN (SIMEX) Sap McaMa **P P Sad 75 625 CURRENCY FUTURES OPTIONS 1MM Thursday, Jvm 15, 1989
      785 words
    • Article
      Lock icon Bank committee studying new Mexican debt options
      382 4 Reuter MEXICO'S bank advisory committee is studying new Mexican debt reduction options after talks on restructuring the country's US$lOO billion debt showed signs of bogging down, banking sources said. Chief debt negotiator Angel Gurria flew to New York on Tuesday to renew contacts
      Reuter  -  382 words
    • Article
      Money markets
      54 4 THE OVERNIGHT RATE rose by 5/8 on the Singapore money market yesterday. The short-term rates remained unchanged across > the board. S$ Interbank rates at the dose yesterday: orat mo Ow 5 3/9 5 1/4 1-m* 5 l/i 5 7-man* 5 1/4 3 1/t 3-monrtt S 5/1* 5
      54 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Morgan Grenfell Asia in Thai merchant-banking joint venture
      329 5  -  By DEXTER LEE MORGAN GRENFELL Asia has joined forces with Bangkokbased GF Holdings to provide merchant banking expertise to Thailand's fast-growing domestic companies Yesterday, the two parties signed an agreement to form a joint-venture company called Morgan Grenfell Thailand (MG Thai) in
      329 words
    • Article
      Lock icon EC president sees need for more monetary integration
      271 5 Reuter JACQUES DELORS, the president of the European Community. said further European monetary integration was needed if the EC was to achieve full liberalisation of capital movements and financial services. He said EC leaders last June confirmed the objective of economic and
      Reuter  -  271 words
    • Article
      Lock icon S-E Banken to move some bond trading abroad
      152 5 Reuter SKANDINAVISKA Enskilda (S-E) Banken said it would move a largo part of its bond trading operations to London from Stockholm with immediate effect to avoid the effects of a Swedish credit market turnover tax. "We must be where the market is
      Reuter  -  152 words
    • Article
      Lock icon KL insurance firms urged to merge
      274 5 Bernama MALAYSIAN INSURANCE firms have been told to reorganise themselves through mergers and takeovers to become bigger and more productive entities. The former deputy finance minister, Senator Mohd Farid Ariffin. said this process will contribute towards the resilience and long term stability of the
      Bernama  -  274 words
    • Article
      Lock icon Liffe and LTOM still studying plan for joint trading floor
      295 5 Reuter LONDON'S financial futures and share options markets are still considering a joint trading floor and they aim to resolve the issue as soon as possible. Asked about a move. Liffe chief executive Michael Jenkins said: "It's just a question
      Reuter  -  295 words
    • Article
      Lock icon Brady urges Congress to fund World Bank
      144 5 Reuters TREASURY SECRETARY Nicholas Brady said he is concerned that the US will lose influence if Congress does not agree to new funding for the World Bank and other international financial institutions. "The United States cannot expect to maintain leadership if we do
      Reuters  -  144 words
    • Article
      Lock icon HK bank reopens Indon branch
      74 5 Reuter THE HONGKONG and Shanghai Banking Corp has reopened its Surabaya branch in north-east Java, taking advantage of Indonesia's October 1988 banking de-regulation package that permits foreign banks to operate offices outside the capital of Jakarta. The branch opened in 1896 to service the Indonesian-Hongkong
      Reuter  -  74 words
    • Article, Illustration
      Lock icon Dollar nosedive sets poser about its direction
      635 5 One-day fall has changed market sentiment Reuter THE US dollar's recent steep up- c swing has been crushed, and af- s ter its nosedive in New York on Thursday, dealers were unsure < whether the decline was a temporary correction or it the
      Reuter; Source: Telerate (Tele-Trac)  -  635 words
    • Article, Illustration
      Lock icon Tokyo will continue strong backing for yen, says Murayama
      197 5 AFP FINANCE MINISTER Tatsuo Murayama said yesterday Japan would continue to carry out massive yen-supporting intervention whenever necessary. Speaking to Japanese reporters, Mr Murayama said the dollar's recent upsurge was a temporary one, but Japan "will do what should be done
      AFP  -  197 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      124 5 Scalpel...scissors...sutures... Business! imes i.. iko« offW-t th«»m. Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make sound investments. Fluctuations
      124 words
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  • COMMODITIES
    • Article
      Lock icon Record harvest for Ivory Coast cocoa crop expected
      433 6 Reuter THE IVORY Coast's cocoa crop is expected to reach record levels this year, pushing up the world cocoa surplus and allowing the country to maintain its influence on global prices for the time being. In its latest review, international trader Gill
      Reuter  -  433 words
    • Article
      Lock icon Spot price of US crude jumps US$l a barrel
      403 6 UPI THE SPOT MARKET price t of US crude oil rocketed I nearly US$l a barrel on i Thursday aa traders put the I squeeze on refiners need- I ing high-quality West Texas 1 Intermediate Crude. Paradoxically, unleaded i gasoline fell
      UPI  -  403 words
    • Article
      Lock icon Traders discount report of sugar buying by China
      193 6 Reuter SUGAR traders ignored reports of rumoured Chinese purchases of up to 300,000 tonnes, and instead attributed the buoyancy in the world raws market to constructive charts and spreads. Newspaper reports that China may have bought some 300,000 tonnes of sugar at
      Reuter  -  193 words
    • Article
      Lock icon FAO sees rise in wheat output
      364 6 Reuter WORLD wheat and coarse s* grain production is expected to rise to 1.39 billion h tonnes this year from 1.26 So billion last year providing normal weather prevails for the rest of the season, the M United Nations Food and Agricultural Organisation (FAO)
      Reuter  -  364 words
    • Article
      Lock icon Soybean & Wheat
      399 6 Soybean Wheat Reuter CHICAGO Board of Trade soybean futures ended mixed on Thursday, with old-crop higher and July at a record 90 cent per bushel premium to the November. The record old crop/new crop spread reflected continued tight cash soybean supplies and strong cash soybean and soymeal prices, floor sources
      Reuter  -  399 words
    • Article
      Produce Prices
      204 6 Chinese Produce Coconut oil (M$/ 100kg) Exchange New drums 2nd hand drums Bulk 153.00 147.00 138.00 Sellers' noon dosing prices on Local In bulk 135.00 June 16 (SS/100 kg) Copra (M$/ 100kg) Coconut oil Bulk FOB Old drum FOB 107.00 117.00 No 1 (estate) No 2 (smaHhoiders) 82.00
      204 words
    • Article
      London Markets
      261 6 London <* sc Commodity 49Wf ri Exchange m Buyor/Sallar closing prlcos London Metal on June 15 (£/tonna wJoss EXCh8nQ6 le iP^LV^ d0tlng Aft.moon session closing prices In paronlhosls. 5 o Colt— (£/toraw). n Basis In-Hoc* London, so«o*s Previous dosing pfk»s and option OF London total solos In poronrtwsls
      261 words
    • Article
      Palm Oil
      535 6 MALAYSIAN CRUDE PALM OIL prices recovered in line with the palm oil futures market to close above the day's lows yesterday due to light covering and speculative buying, dealers said. Losses in Chicago soyoil futures overnight had weighed on initial values. Trading was thin and cautious as operators
      535 words
    • Article
      Lock icon KL Tin
      191 6 Reuter SMALL OFFERING by mkv ara im tha Kuala Lumpur Tin Markat (KLTM) cloaa unchangad at M 526.41 a kg y—rday, brokara aald. Turnovar waa 30 tonnaa, tha amallaat alnca aarly March, with mlnara not kaan to aall balow thla prtoa, thay aald. Thuraday'a dlapoaal waa 70 tonnaa.
      Reuter  -  191 words
    • Article
      Lock icon Precious Metals
      478 6 Reuter HONGKONG: GOLD closed slightly easier ei in active two-way trading yesterday due to a firmer 0 US dollar tone, dealers p said. They said the metal prices were depressed by selling orders in late trade, but support from physical demand emerged at US$366 an ounce. Traders 4
      Reuter  -  478 words
    • Article
      SSR and SMR
      79 6 HAY 1989 AUGUST 1989 (fn/wnrd moflfh) RAS S» 20 SSI 90 (currant month) NOON toy*" S*n 150-00 152-OON 148.00 *****N wUlU "W"» NOON by«n S«l«n 190.00 152-OON 148.00 *****N MRELB SMI CV SMf I SMI 9 SMI Of SMI 10 SMI 30 SMI 90 •wyan 239JO 241-50
      79 words
    • Article
      Lock icon Crude Oil and Products
      134 6 Telerate FUEL OIL market was quite as many traders preferred to stay on the sideline ahead of the weekend. Prices were notionally $1 mt firmer than Thursday'a. with sellers of CST-180 at $94 mt fob Sing. Buyers were reportedly at $92 mt fob Sing in this
      Telerate  -  134 words
    • Article
      Lock icon Rubber
      368 6 Reurter SINGAPORE: Rubber prices closed eas- 1 ier in quiet trading yester- day with July 1 RSS quoted at 179.00 cents a kg, down two cents from Thursday s close. Dealers said prices weakened in the afternoon following falls in Japanese markets and some pre-weekend prof-it-taking. "The market's shortterm
      Reurter  -  368 words
    • Article
      RAS and MRELB
      254 6 RAS prices Foe NOON tuyon S*ll*r* to 1 RSS Prompt 183.00 |M-00N M 1 RSS July 89 181.00 82X0N Int 1 RSS Aug 184.00 J85X0N tot 2 RSS Of 180JO J82J0N hit 3 RSS Of 174X0 76.00N tat 4 RSS Of 168JO 70J0N M 5 RSS Of
      254 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      26 6 WTI cAOTON XXI CM THE RDPBC CAUTIOH)OU MF&T?J KEtf? J KEADfIANKINGr, fr f INANCE, WKNOV S >r. h> I r* BANKING FINANCE DAILY. BUSINESS ADVERTISEMENT aft
      26 words
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  • COMPANIES & STOCK MARKETS
    • Article
      SES issues new rules on convertible securities
      444 7  -  MAGDALENE NG THE STOCK Exchange of Singapore has issued more rules and guidelines to protect the rights of minority shareholders of listed companies and to give clearer guidelines on how Ses-daq-listed companies can be upgraded to the main board. In an announcement yesterday.
      444 words
    • Article
      Lock icon Pegi (M) expects turnaround this year
      148 7 Bernama PEGI MALAYSIA Bhd expects to return to profitability during the current financial year, chairman Mohd Asri Abdul Ghafar said in the company's 1989 annual report. He said the expectation was based on the company's better financial situation at present and the expected better
      Bernama  -  148 words
    • Article
      DIVIDENDS ANNOUNCED
      1108 7 Current payment Ex date cloee Dale payable Total lor the year Total lor last year Amcol Astatic Dev Avimo 10% 35% IO%TEtll Jon 16 Moy 22 Oct 16 Jun 28 Jun 5 Oct 26 Jun 8 Aug 2 Aug 4 Jul 6 Jun 15 Jon 20 Jun 15
      1,108 words
    • Article
      Lock icon Seacorp may venture into non-money market fields
      297 7 NST INVESTMENT holding company South East Asia Development Corporation Bhd (Seacorp) may diversify into non-money market areas to broaden its earnings base Its chairman. Datuk Dr Syed M A Ai Hady, said yesterday the board was on the "look out" for potential investment
      NST  -  297 words
    • Article
      Lock icon Lion Corp upbeat about growth
      177 7 Bernama DIVERSIFIED Lion Corporation Bhd is optimistic about gaining a stronger foothold in both the Malaysian and export markets, chairman William Cheng said in the company's 1988 annual report. Mr Cheng based this optimism on the company's continuing efforts to improve productivity and operational efficiency.
      Bernama  -  177 words
    • Article
      Metro Holdings proposes one-for-two bonus issue
      496 7  -  By ELAINE KOH METRO HOLDINGS, which has reported a slightly lower after-tax profit of $17.71 million, has also proposed a one-for-two bonus issue. The issue would increase its capital by $18.25 million to $54.75 million, an exercise needed to "bring it in line with
      496 words
    • Article, Illustration
      Hwa Hong to sell Singapore Warehouse for $218 m
      523 7  -  By LEE HAN SHIH Property Correspondent IN A JOINT VENTURE deal that will leave it flush with cash, Hwa Hong Cor- i poration has contracted to sell the Sin- i gapore Warehouse to a new company i equally owned by itself
      523 words
    • Article
      COMPANY BRIEFS
      452 7 GULA PERAK Bhd has asked shareholders with old certificates to return them to the company registrar as soon as possible so that replacement shares can be issued. The old certificates will not be good for delivery when the company's shares resume trading on the Kuala Lumpur Stock Exchange
      452 words
    • SES
      • Article, Illustration
        Property stocks lead strong rally on local bourse
        1029 8  -  by JOSEPHINE CHAM LOCAL SHARE PRICES ended the week on a firm note yesterday after a weak start in a bout of profit taking. The Straits Times Industrials Index recovered 8.23 points to finish at 1,296.52, after putting on only 0.82 points
        1,029 words
      • Article
        Unit trusts
        177 8 Managers' prices for June 17 19 Singapore Unit Trust Ttw Coiwn«rc« HI 1 17* Th« Savings Fund 099 105 Spore Prog Fund 045 049 S pore Sec Fund 075 080 S'pore Invest Fund 079 084* S'pore Equity Fund 053 057 Asia Unit Trust Mo1 Invest Fund 153 163
        177 words
      • Article
        COMPANY MEETINGS
        47 8 TONG MENG INDUSTRIES LIMITED: 24th AGM at 47 Hill Street #05-02 Chinese Chamber of Commerce Industry Building, Singapore 0617, today at noon. dutch baby industries (MALAYA) BERHAD: 26th AGM at No. 13. Jalan Semangat (Section 13), Petaling Jaya, Selangor on Monday, June 19, at 11am.
        47 words
      • Article
        SES SHARE INFORMATION
        5985 8 1989 High Low Tel Code Company Last Sale JUN 16 orVol ('000) Day High Low Last Quote Buyer Seller Gr's Dlv Dlv C'vr Gr's Y'ld Net P/E M Cap $mll 168 93 183 70% 94 100 101 82% 190 91% 104 144 100 87% 120 70% 138
        5,985 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices get a lift
        3619 9 NST COVERING activity in the afternoon lifted share prices on the Kuala Lumpur stock market yesterday despite an easier opening. Trading was quiet with turnover dipping to below 20 million units. Motor counters remained star performers, closing with double-digit gains. In tandem with the generally
        NST  -  3,619 words
    • REGIONAL MARKETS
      • Article
        Lock icon Indonesia opens private bourse in Surabaya
        413 10 MINISTER RULES OUT TAX CHANGES TO BOOST LISTINGS Reuter INDONESIA, homo to one of Asia's least active stock markets, yesterday opened its first private bourse In Surabaya which share analysts and government officials hope will boost the country's fledgling capital market "With Surabaya we
        Reuter  -  413 words
      • Article
        Lock icon UK insurer making cash offer for the rest of NZI shares
        301 10 Reuter FINANCE and banking company NZI Corp Ltd has said British insurer General Accident Fire and Life Assurance Corp would make a cash offer of 66 cents for each NZI share it does not already own. The offer by
        Reuter  -  301 words
      • Article
        Lock icon Nippon Sanso buying over Thermos Co
        263 10 AP THERMOS CO, maker of vacuum bottles, is being sold to Japanese manufacturer Nippon Sanso for an undisclosed sum, said Thermoe' parent company. Household International Inc of Prospect Heights said in a news release that It expects to close the cash transaction by the
        AP  -  263 words
      • Article
        Lock icon HK firms based abroad barred from share buyback
        173 10 Reuter HONGKONG-LISTED companies incorporated abroad can no longer buy back their own shares under a new rule announced by the Hongkong stock exchange. A stream of Hongkong companies have moved their bases to Bermuda ahead of 1997. when Hongkong reverts to Beijing's
        Reuter  -  173 words
      • Article, Illustration
        Lock icon Lift from late buying
        603 10 Tokyo Reuter LATE BUYING by investment trust funds and bar-gain-hunters pulled Tokyo share prices out of negative territory to a higher close in light trade. The market spent most of the day in the doldrums after the yen's rise against the dollar overnight sparked a short-lived
        Reuter  -  603 words
      • Article, Illustration
        Lock icon Shares slightly easier
        534 10 Australia Reuter AUSTRALIAN shares drifted to finish slightly easier yesterday in cautious. quiet trade ahead of the release on Monday of May current account figures. brokers said. At the close, the All Ordinaries Index was 4.2 points lower at 1,528.2. Other factors responsible for subdued trade were
        Reuter  -  534 words
      • Article, Illustration
        Shares end marginally firmer
        1367 10 Hongkong HONGKONG share prices ended marginally firmer yesterday after easing throughout much of the day. The Hang Seng index closed 2 39 points higher at 2.342 41 after hitting a morning low around 2,309 and an afternoon high of about 2,348 "I don't really think one
        1,367 words
      • Article
        Lock icon Bangkok: Index down
        187 10 Reuter j THE Stock Exchange of 1 Thailand Index yesterday fell 1.07 points to 574.61 points on a turnover of 9.965.537 shares valued at I 1,031.74 million baht. JUNE It BAMT Ao Kham Thai 400 -2 Ayudhya Investment 39 25 -0 75 1 Bang.ok Agro-lnd 62 -0
        Reuter  -  187 words
      • Article
        Lock icon Taipei: Profit-taking
        466 10 Reuter SHARE PRICES in Taiwan yesterday reversed their early gains and closed lower after many investors sold their holdings to take profits, brokers said. The weighted index fell 13.03 points to close at 9,835.54 compared with Thursday's record high of 9,848 57 Turnover fell to NT593.81 billion from
        Reuter  -  466 words
      • Article
        Lock icon Bombay: Sharp gains
        208 10 Reuter HEAVY BUYING by investment trusts and bargain hunters helped Bombay shares shrug off a lethargic start yesterday and post sharp gains in brisk trading for new accounts Brokers said lower contango charges of 15 per cent fixed for the business done in the two weeks ending
        Reuter  -  208 words
      • Article
        Lock icon Seoul: Shares tumble
        204 10 Reuter SEOUL STOCKS fell sharply yesterday as investors took profits on rumours that the government might squeeze money supply again, brokers said. The composite index closed down 15.48 points to 914.18. Volume was 2213 billion won against 306.1 billion on Thursday. The index had been rising on
        Reuter  -  204 words
      • Article
        Lock icon New Zealand: Higher
        215 10 Reuter THE NEW ZEALAND share market yesterday built on gains made on Thursday to close higher just before a series of factors emerged. The Barclays Index closed 9.39 points higher at 1,929.24. Trading had barely ceased when NZI Corp reported a NZ$32O 52 million March year loss
        Reuter  -  215 words
      • Article
        Lock icon Manila: Selective market
        198 10 Reuter LEADING blue chips yesterday rebounded from a <our-day market decline to boost all share indices, but brokers said falls outnumbered rises on Manila's exchanges as caution and uncertainty still prevailed. The main Manila composite index gained 9 84 points to end at 1,046.56 atter selective trading.
        Reuter  -  198 words
      • Article
        Lock icon Sarich signs agreement with GM on Orbital Engine
        223 10 AFP WESTERN AUSTRALIAN in- j_ ventor Ralph Sarlch's Orbit- r al Engine Co has announced the signing ot an agreement with General Motors Corp of the US. The company said in a statement issued on Thursday that the deal allows General Motors
        AFP  -  223 words
      • Article
        Lock icon Toyota exports fall 12pc
        107 10 AFP JAPAN'S biggest car maker Toyota Motor Corp has said its exports dropped 12.2 per cent from a year earlier to 153.926 units in May, the first decline in seven months. But domestic sales grew 20.6 per cent to 179,165 units, a record figure for May.
        AFP  -  107 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Prices retreat broadly
        830 11 New York Reuter NEW YORK stock prices retreated broadly and steeply on Thursday in moderately higher volume. The decline in equities was linked by traders in part to a steep drop in bond prices following a sharp fall in the dollar. The Dow Jones Industrial Average dropped
        Reuter  -  830 words
      • Article, Illustration
        Lock icon Equities mixed in early trade
        816 11 London Reuter AP LONDON SHARES were quietly mixed in nervous trading yesterday morning as the market prepared for more bad news on the British economy in the shape of the retail price index for May due at 1030 GMT. This is expected to show inflation
        Reuter; AP  -  816 words
      • Article
        Lock icon BP selling bulk of worldwide coal business
        486 11 FT BRITISH PETROLEUM is to sell the bulk of its worldwide coal business, including mines and coal reserves in the US, t Australia, South Africa and Europe. I The business, thought to be worth more than US$6OO million, is the latest in a
        FT  -  486 words
      • Article
        Lock icon US financial services giant faces liquidity crisis
        477 11 NYT INTEGRATED RESOURCES Inc. which built its fortunes on tax shelters and tried to expand into a financial services giant, has said that it would default on its bonds and commercial paper. About US$l.5 billion in such debt is outstanding. The liquidity crisis
        NYT  -  477 words
      • Article
        Lock icon Milken quits Drexel to set up his own company
        347 11 AP MICHAEL MILKEN, the junk bond executive indicted for fraud and racketeering in the largest securities crime case ever, quit the investment firm Drexel Burnham Lambert Inc on Thursday to set up his own company. Milken, 42, is credited with almost
        AP  -  347 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1412 11 Reuter FRANKFURT: German share prices ended mixed in thin trade yesterday, unsettled by violent swings in the dollar's value against the mark, and by tomorrow's elections to the European Parliament Some dealers said they were pleasantly surprised that shares had recovered from easier pre-bourse levels and that
        Reuter  -  1,412 words
      • Article
        Lock icon British Steel turns in 42pc rise in profits
        100 11 Reuter BRITISH Steel Corp pic. in its first annual results since privatisation last year, has announced a 42 per cent rise in earnings which cemented its position as one of Europe's most productive and profitable steelmakers. Pre-tax profits for the financial year
        Reuter  -  100 words
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      143 7 United Malayan Flour Mills,Berhad (Incorporated in Malaysia) NOTIOE OF BOOK OLOSURE NOTICE IS HEREBY GIVEN THAT the Share Transfer Books and Register of Members of the Sony will be Cosed from 10 Juiy 1989 to 14 the purpose of determining shareholders entitlements to the following (a) Bonus Issue of 9,000.000
      143 words
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      76 7 i 111 ITI M SINGAPORE'S PREMIER WATCH BOUTIQUE We have moved SOCIETY GENERALE HUNCH INTCMNATIONAI BAN* 105 Cecil Street #20-01, #22-01, #24-01 and #25-01, The Octagon, Singapore 0106. Tel: 222 7122, 222 2866 (Forex) Telex: RS ***** SOGESI, ***** SOGFOR Fax: 225 2609 Cable: SOGESI SO GEN SINGAPORE MERCHANT BANK
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      66 10 Gary Jennings A spectacle of intriguing circus lore woven into 19th century social history. From the post war Southlands through the Russia of the Tsars and the Austria of the Hapsburgs to the Paris of Napoleon 111 under siege... "The best among our practising historical novelists." New York Times Book
      66 words
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      237 11 NOTICES Building Singapore 0104 NOTICE OF RESOLUTION SIEW CHOON INVESTMENT PTE LTD (In Voluntary Liquidation) At an Extraordinary Gen- eral Meeting of Slew Choon Investment Pte Ltd duly convened and held at 38-B j Hong Kong Street, Singa- pore 0105 on the 13.6.1989 j the following resolution has been passed
      237 words
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      618 11 IN THE MATTER OF THE COMPANIES ACT n CAP. 50 AND IN THE MATTER OF HIP- PODROME DISCOTHEQUE. PTE LTD (Members' Voluntary Winding Up) At an extraordinary gener- al meeting of the membert of Hippodrome Discotheque Pte Ltd duly convened anrt>.» held on 31 May 1989 at 261-; Selegie Road
      618 words
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  • Article
    NISM to issue $100 m bonds with 19.15 m warrants
    496 12  -  FIVE-YEAR ISSUE CARRIES I.SPC ANNUAL INTEREST By ANDREA BORCH NATIONAL IRON and Steel Mills Ltd (NISM) yesterday announced plans to issue $100 million of bonds with 19.15 million detachable warrants to finance group growth and regional expansion. The five-year bond
    496 words
  • Article
    Lock icon Daewoo shipyard and union edging towards compromise
    358 12 AFP MARATHON TALKS between workers and management at the debt-ridden Daewoo shipyard appeared to be inching towards a compromise yesterday that could save the company from bankruptcy. The two sides held more than eight hours of talks yesterday during the 11th round of
    AFP  -  358 words
  • Article
    Lock icon Comex gold and silver
    93 12 Reuter COMEX GOLD futures rebounded to unchanged in choppy early dealings linked to the US dollar's response to the slightly higher than expected 0.6 per cent rise in the US consumer prices for May. August gold rallied to unchanged at U*****.70 an ounce from a low
    Reuter  -  93 words
  • LATE FILE
    • Article
      Lock icon HK prime rate down half-point
      50 12 AFP HONGKONG'S two note-issu-ing banks yesterday announced a half-point cut in their prime lending rate to 11 per cent. The reduction, announced by the Hongkong and Shanghai Banking Corp and the Standard Chartered Bank, becomes effective on Tuesday, following a public holiday on Monday. AFP
      AFP  -  50 words
    • Article
      Lock icon KL move to cut car imports
      68 12 Bernama THE IMPORT of new and reconditioned cars will be reduced by 50 per cent by 1994 to develop the local car industry, Malaysian Trade and Industry Minister Datuk Seri Rafidah Aziz said yesterday. The issue of approved permits for the import of new
      Bernama  -  68 words
    • Article
      Lock icon 'New Umno is the main enemy'
      49 12 Bernama FORMER Malaysian Trade and Industry Minister Tengku Razaleigh Hamzah yesterday told his followers that their "main enemy'' was New Um- no and not the Islamic party Pas. But he admitted that when he was in Umno, he f had strongly opposed Pas.
      Bernama  -  49 words
    • Article
      Lock icon Yeltsin warns of 'revolution'
      57 12 Reuter SOVIET Communist Party maverick Boris Yeltsin was quoted yesterday as having said that a "revolutionary" situation would develop in his country unless there was drastic improvement in living conditions. Mr Yeltsin said that the Soviet leadership had failed to judge the mood of the people
      Reuter  -  57 words
    • Article
      Lock icon UK inflation at 7-year high
      39 12 Reuter BRITAIN'S annual inflation rate rose to 8.3 per cent last month, almost double what it was a year ago and its highest level in seven years, according to official figures issued yesterday. Reuter
      Reuter  -  39 words
  • Article
    Lock icon British Labour leads, Greens put on good showing in European polls
    363 12 AFP BRITAIN'S opposition Labour Party appeared to have swept to its first nationwide win since 1974 in Thursday's European elections, which also saw the emergence of the Greens as a serious force in British politics. Labour also celebrated two
    AFP  -  363 words
  • Article
    Lock icon Thailand prepares to open transport links with Cambodia
    538 12 AFP THAILAND has been making preparations for the eventual official opening of road, rail and air links with Cambodia, severed more than a decade ago, Thai government spokesman Suvit Yodmani said yesterday. Mr Suvit said Thai Prime Minister Chatichai Choonhavan had ordered
    AFP  -  538 words
  • Article
    Singapore companies begin sending employees back to China
    346 12  -  By SUZANNE SOH A NUMBER OF Singapore com- c panies which recalled their em- r ployees from China at the height c of its unrest have begun sending them back to work there. j However, the poor demand v for seats on
    346 words
  • Article, Illustration
    Lock icon Continue reforms, Deng urges in keynote speech
    404 12 Reuter AFP CHINESE guarantees of stability aimed at wooing the return of foreign businessmen and tourists hit a crescendo yesterday as senior leader Deng Xiaoping was quoted in the official People's Daily as having said that China should continue its economic reforms and
    Reuter; AFP  -  404 words
  • Article
    Lock icon US can still do business with Deng, says US official
    300 12 Jg The China question AP AFP THE US STILL can do business with Chinese leader Deng Xiaoping in spite of the military crackdown, a senior US government official has said. The administration official, a top policy maker in President George
    AP; AFP  -  300 words
  • Article
    S'pore's trade office in Beijing to stay open
    282 12 SINGAPORE'S trade representative in Beijing will continue to give help to business ventures undertaken by Singapore's private sector First Deputy Prime Minister Goh Chok Tong, who is now visiting Japan, said although a possibility of a slowdown in China's economic development could
    282 words
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      Page 12 Advertisements Column 1
      139 12 special supplement IT'S BACK! BT's special annual supplement on the stock exchange. A sellout when it was launched last year. And required reading again this year, with topics such as: The China Crisis and Singapore's stock market. Which stocks where? Experts offer their views on the world markets. After CLOB?
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      9 12 SES Issues new rules on convertible securities, PAGE 7
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      75 12 FOR SUCCESSFUL MANAGEMENT Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms and
      75 words
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  • Executive Lifestyle
    • Article, Illustration
      Of Guns 'N Roses
      1590 13  -  It's hard surviving in Orchard Road these days. And those who do, don't do it by chance. And they don't go in unprepared. And they always have a gameplan. CHUANG PECK MING talks to Ashok Melwani about this. CHUANG PECK MING ASHOK B MELWANI is talking
      1,590 words
    • Article, Illustration
      Driving road-users up the wall
      671 13 Some drivers cringe at the sight of a huge monstrosity on the road. Some recognise it, others do not. It's a beast; it's a tank; it's a... Our writer unveils this vile creature and maps out a counter-strategy to fight back. A HUGE MENACE roams
      671 words
    • Article
      Untitled
      330 13 WE HAVE it from impeccable sources; the most honest man in Singapore is a high ranking official of the Commercial Affairs Department (CAD). The official, whose craggy features were a familiar sight to newspaper readers during the Pan-El trials, is so squeaky clean that he makes it a point not
      330 words
    • Executive Lifestyle: Perspective
      • Article
        A history of hidden passion
        542 14 THERE ARE MANY branches of history in vogue today, political; economic; social; ecological and now something which is being called subaltern, or history from below, it being assumed that previous histories were all written from above. The two main divisions of political history traditionally have
        542 words
      • Article, Illustration
        Wakinq up to the value of tourism
        1059 14  -  A tourism boom is bringing all-round business optimism to the once sleepy Australian state of Queensland. SHOEB KAGDA reports. SHOEB KAGDA SITTING in the slow moving train I up to Kuranda, sipping cham- I pagne and munching cheese, i watching the hills fall
        1,059 words
      • Article
        That site behind the Paragon...
        249 14  -  letter te the Editor TAN LI LI (Miss) for Permanent Secretary (National Development) Dear Sir, We refer to the article by Magdalene Ng, Business Times 14 June 1989 We would first like to clarify that in the case of the site behind the Paragon at
        249 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article
        dim sum discipline
        289 17  -  FOOD By QUEK SWEE PENG THE THRONGS are always there. Weekdays. Weekends. 12 noon, Ipm, 2pm, 3pm. The throngs remain chewing and chattering. Dim sum. A delicacy to be savoured at leisure. Mouth-sized morsels artfully prepared. Service at most of the dim sum restaurants we have visited
        289 words
      • Article
        Gourmet card for patrons of restaurants
        102 17 A NEW Gourmet Card International was launched amid much fanfare at the Thai Garden Restaurant in Shaw Centre yesterday. About 120 guests were treated to a Thai high tea of savouries and desserts with accompanying entertainment of Mandarin ballads, a Karaoke-style sing-a-long and a
        102 words
      • Article, Illustration
        A German affair
        767 17  -  c Wine By N K YONG IT IS NOT OFTEN that a German wine-estate owner blows into town, and when he belongs to possibly the oldest (779 years. 28th generation) wine-growing family in the world, it is definitely not an occasion to be missed I was at
        767 words
      • Article, Illustration
        BILLBOARD
        911 17  -  Compiled by JUANITA SHAKILA STAGE PERFORMANCES. Ballat Parformanca by Tampa PraaanL As part of another series of activities in celebra- < tion of the Bicentennial of the i French Revolution, this ballet I performance will be staged i at the Victoria Theatre today at 7.30pm. Makanplaea. This local play
        911 words
      • Article, Illustration
        The crusader count
        353 17  -  By TAN KEE WEE ERWEIN GRAF MatuschkaGreiffenclau is not only one of the most well-known gourmets in Germany, he is also one of the easiest persons to talk to Over an exquisite German lunch recently at Palm Grill. Westin Plaza, he described his personal crusade to promote
        353 words
      • Article
        Excitement abounds at Epson Contest
        756 17  -  BRIDGE By SYBIL HOLLOWAY THE 1989 Epson Contest which c took place worldwide on June 9 a (June 10 in Singapore because p of the time difference) has once t again proved very exciting. c The stimulating bridge game, which had instant-scor- ing against the
        756 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        Lock icon The Trail of the Wily Weekender
        634 15  -  Beware, you fashionable hot-footed men out there. Ihinking of running out on your girl? Think again. Enter SAMUEL EE, fashion detective extraordinaire You can't pul! wool over thss guy s eyes, especially if it's a Ralph Lauren cardigan. There's no Miyake scarf he can't
        Pictures by CHEW SENG KIM  -  634 words
      • Article, Illustration
        The next best thing to mother's milk
        917 16  -  HEALTH By RICHARD SEAH NO. IT IS NOT some improved formula milk powder fortified with vitamins and minerals. It is goat's milk. Fresh, unpasteurised goat's milk is now available to babies in Singapore from a farm in Track 10, Punggol, thanks to farmer
        917 words
      • Britain revisited
        • Article, Illustration
          hockney
          1374 18  -  The giddy glory of Pollock, Warhol and their equally famed American artists has, of late, dominated much of the art world. Less talked about, perhaps, is the British victory in the soaring contemporary art market Britain s Davia Hockney and Francis Bacon, along with scores of American artists, have
          1,374 words
        • Article, Illustration
          francis bacon
          455 18  -  By QUEK SWEE PENG A REALIST S HERO, but an escapist's horror. Such is the magnetism and the magnitude of Francis Bacon whose works personify the premonition of human predicament. That he could do so with much feeling and insight is what makes Bacon one of Britain's most
          455 words
        • Article, Illustration
          begbie
          306 18  -  -by uek Chin Yeow FOR EVERY young sculptor working in Britain, the legacy of Henry Moore perhaps this century's greatest sculptor must surely be the prominence given to sculpturing through the important contributions of his works. Against the mainstream of non-representational and abstract form in sculpture today, the young
          306 words
      • Article, Illustration
        A framed rabbit
        171 18 AUCTIONS JESSICA'S first appearance in the Academy Award winning film. Who Framed Roger Rabbit when she came sweeping out onto the stage singing was greeted with a chorus of hooting and whistling. When she makes her appearance on June 28, in the salesroom of Sotheby's New York
        171 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        You are the greater fighter still
        1130 19  -  FATHER'S DAY BY ASAD LATIF FATHERS have a problem, of course: they are not mothers. There is an advertisement, running now, of a tissue product which brings out the idea excellently. A young girl, presumably studying abroad, receives a videotape in which members of
        1,130 words
      • SHOT TAKES
        • Article
          Frenchified impressions
          129 19 WITH FOG MACHINES turned on full blast, yet another country promotion saw its grandiose birth at Tangs. The French have arrived. With both the flagship store and Tangs Studio succumbing to French Impressions, part of one floor at the former was exclusively dedicated to ze event. The French
          129 words
        • Article
          Mummy dearest
          216 19 TOMMY PAGE has more than the Billboard charts to worry about when he makes a new video. He has to make sure he does not rile his parents. The singer, who was born in New Jersey and now lives in Los Angeles, was here as part of self-promotion
          216 words
        • Article
          Living waters?
          89 19 THE WET LdtoK is the theme of Ms Lin Shin Shin's fifth solo exhibition, Where Water Flows, at the National Museum Art Gallery from July 5 to 16. She has painted 75 canvases, paperworks and collages with oil in a new technique that evokes moving oceans, rivers and
          89 words
        • Article
          Quiet haunt
          198 19 FOR THOSE of us who live for holidays and weekends and spend the rest of the time looking forward to them, the newly opened Pelangi Beach Resort at Langkawi may be a fresh change from the usual haunts. But if you aren't particularly fond of a traditional Malay
          198 words
      • Article, Illustration
        Provocative sounds from America's Mid-west
        1001 19 WHETHER it's a little rat hole of a town in Indianapolis or a ghost town in Idaho, the American Mid-west has produced a crop of singer/songwriters whose songs have inspired a disenchanted nation to think about their nonculture. This week, newcomer Joe Henry and Farm
        1,001 words
      • Article, Illustration
        When the singer risks ruining the song
        764 19  -  THEATRE By JAIME LYE LIKE THEY SAY, so is it the singer or the song? As it turned out, Michael Chiang wrote some pretty good lyrics for his latest stage show Mlxad Signal*, but somehow the singers chosen were either tone deaf or
        764 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Lock icon Looking stronger than ever
        1056 20 JAPANESE INDUSTRY FT JAPANESE INDUSTRY looks more invincible than ever after another year ot spectacular profit growth. With most quoted companies having just reported their earnings for the fiscal year ended in March, it is clear that industrial companies have long since shrugged off any ill
        FT; Source: FT/ Wako Research Institute of Economics  -  1,056 words
      • Article
        Lock icon Caught in dollar doldrums as investors flee
        671 20 TOKYO STOCKS Reuter tN A CITY where stock prices are prominently displayed on countless street corners, suddenly no one is paying attention. The Tokyo stock market is caught in the dollar doldrums and brokers said on Wednesday they don't expect them to end
        Reuter  -  671 words
      • Article
        Warrants: premiums and gearing
        353 20 A p*iAi ant Conversion terms Premium/ Prices (as at 16 6.89) 1 (discount) prices \as optional" using Expiry Company MiTIOUIH (m units) Gearing 3 Date mths left unm C KTang Chuan Hup City Dev Hotel Prop H Tai-Pan Inno-Pac 92 Inno-Pac 94 Keppel Corp Keppel Inv*
        353 words
      • Article
        Lock icon The new collectors
        244 20 ART IHT ALL THE INDICATIONS are that the art market is embarking on an unprecedented inflationary cycle. The intrusion of new wealth hitherto not involved in the auction game is spreading rapidly beyond its preferred domain impressionist, modern and contemporary painting. Within 10 days last month in
        IHT  -  244 words
      • Article, Illustration
        Lock icon Australia: still good place for gold miners
        1431 20 GOLD FT AFTER CELEBRATING 10 years of spectacular and uninterrupted growth in output, the Australian gold mining industry now faces the prospect that the boom might fizzle out just as quickly, leaving in its wake dozens of deserted mines, hundreds of failed companies
        FT; Source: FT  -  1,431 words
      • Article, Illustration
        Two hotel/property counters that will catch attention
        689 21 mm TWO INTERESTING hotel/property players to watch out for in the months and years ahead are Hotel Marco Polo and Wing Tai. They have strong Hongkong connections and provide some of the most visible evidence of the inflow of HK funds. Garment manufacturer
        689 words
      • Article, Illustration
        Lock icon Largest rises may be over
        496 21  -  CHART PiillNT By GOOLA WARDEN FIRM property prices have he been underpinning the mar- Tr ket's climb this year. Property counters are being revalued on up net asset values based on the cc latest property sales and the pi recent URA sales of a few
        Source: OUB Securities  -  496 words
      • Article
        Euphoria over real estate
        1608 21  -  Property is hot. Barely a day passes without a property story in the papers, and prices of virtually all types of property have risen sharply. What is the right price level for property? And which is the best way to share in the sector's strength by
        1,608 words
      • Article
        Investing in real estate: what to consider
        557 21 WITH DEVELOPERS offering re- ri cord prices in recent land ten- tc ders and property counters o helping to power the stock mar- p ket to highs in the last few <j months, perhaps you're consid- tt ering investing in property be- t,
        557 words
      • Article, Illustration
        Lock icon Residential property: trend is still up
        399 21 PRICES FOR residential property in Singapore will continue to rise this year, predicts property consultant Richard Ellis. These rises follow last year's increases in rentals and sale prices across all sectors. Prices and demand will rise in part because of recent government steps to
        Source Richard Ellis  -  399 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Langer bounces back
        650 22 GOLF BERNHARD LANGER grabbed a share of the lead with a four-u ri-der-par 66 in the opening round of the US Open in Rochester on Thursday and credited a new putting grip and back therapy for his new-found success. The 32-year-old West German was bed with Payne
        650 words
      • Article
        Lock icon Torrance shares lead in English Open
        316 22 AFP SAM TORRANCE, back at the scene of his greatest golfing moment, shared the lead after the first round of the £250,000 English Open on Thursday. The 35-year-old grabbed five successive birdies on his way to a 66, four years after he holed the
        AFP  -  316 words
      • Article
        Danzadancerlooks set for victory
        601 22  -  Oh TMCK With JEROME FANDOR DANZADANCER is the best horse running this weekend in Penang, the second week of the current Class 2, 5 RT meet. Raced by Swettenham Stable, the stable of Robert Sangster, and trained by the incomparable Ivan Allan, Danzadancer is th« nap
        601 words
      • Article
        Lock icon 'Ben mixed his own steroid cocktail'
        278 22 BEN JOHNSON INQUIRY UPI BEN JOHNSON expertly mixed his own steroid "cocktail" when his coach and doctor were unavailable. another athlete told a government inquiry in Toronto on Thursday. Canadian discus thrower Rob Gray testified that Johnson carefully drew fluid into a syringe from
        UPI  -  278 words
      • Article
        Lock icon IAAF plans to change rules
        197 22 UPI BEN JOHNSON'S admission that he took steroids has prompted the International Amateur Athletic Federation to plan changes to its rules to allow the annulment of results by athletes who confess to using banned drugs de- spite having tested negative. Currently, the lAAF cannot rescind
        UPI  -  197 words
      • Article
        Karpov on course to level with Kasparov for World Cup
        442 22  -  CHESS By DEXTER LEE WORLD NUMBER TWO Anatoli r Karpov is on course to draw level with World Champion Qary r Kasparov in the race for the World Chees Cup. c Soviet Grand Master Karpov 1 managed to eecape from
        442 words
      • Article
        Players gearing up for South-east Asia Games
        386 22  -  TENNIS By A SURENDREN PREPARATIONS by the tennis squad for the South-east Asia Games are underway, with the trials going on in full swing. Both the men's and women's teams hopefuls have been putting in a lot of effort. But the chances of
        386 words
      • Article
        Ramachandran tipped to win 10-km Guinness race
        364 22  -  ROAD RACE By CHARLES SAVAGE MALAYSIAN M Ramachandran is j the favourite to win the 10-km Guinness Road Race tomorrow after winning the Selangor Open Championships 10,000 metres in a scorching 30 minutes and 47 seconds last weekend This is a massive 44-second
        364 words
      • Article, Illustration
        Lock icon Connors, Gerulaitis turn the clock back
        785 22 Agencies AMERICANS Jimmy Connors and Vitas Gerulaitis gave a glimpse of yester-year when they met in the quarter-finals of a preWimbledon grass-court tennis tournament on Thursday. Goodwill abounded as Connors beat his friend and countryman 6-2, 7-5 in a rare meeting of two of
        Agencies  -  785 words
      • Article, Illustration
        Lock icon Tyson kept waiting for The Truth'
        312 22 BOXING AP PROMOTER Don King had finished with his rambling introductions and heavyweight champion Mike Tyson had answered a couple of questions before reporters and onlookers heard The Truth on Thursday. Carl "The Truth" Williams, who will challenge Tyson on July 21 in Atlantic
        AP  -  312 words
    • Executive Jobs
      • Article, Illustration
        A portrait of the ideal Chief Executive Officer of the next century
        678 23  -  By TAN KEE WEE THE IDEAL chief executive offi- nr cer (CEO) of the 21st Century is ei not only a man of vision and a master strategist, but also one e who will win battles even before
        678 words
      • Article
        Bigger role for human resource executives
        327 23 THE human resource executive should become a member of the top management team, reporting directly to the CEO. This is because the development and management of human resource will become increasingly important in the 21st Century, according to a joint study by Korn/Ferry International
        327 words
      • Article, Illustration
        Up the ladder with a poly dip
        1734 23  -  The accent now is on a technical, vocational or commercial education, not so much a liberal education, in line with the change in tack, a third polytechnic, among others things, is on the cards. How does such an education pay oft? Early polytechnic
        1,734 words
      • Article
        What different industries pay
        556 23  -  by ANNA TEO CLEARLY, the total remuneration package varies from industry to industry, as this comparison of chief executive salaries within the Singapore National Employers Federation salary survey shows. The same study covering the top brass in this case, nongroup CEOs who report to an overseas
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      • Article
        PEOPLE IN BUSINESS
        227 23 NELLI YONG has been appointed director of promotions and public relations of The Westin Stamford Westin Plaza. She will be responsible for the planning and implementation of the advertising, publicity and promotional events. Ms Yong has been in the tourism industry for the past eight years and
        227 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      162 13 CALL rrp-fsfA for all your financial needs from any phone, anytime. any place 222 5544 222 8844. Hong Leong Finance Singapore Finance MU 01)6 V 0157 Today onf. watch reigns supreme. k W 1 I }<- Ultra-thin Royal Oak in 18kt gold, diamonds set bezel and full pave dial with
      162 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      107 14 ON SALE NOW! FOR 1 i Can old-charm Singapofe be re* I p r J .1 ■i -V I J J v> V 5 k in newly-renovated shophouses? I V a jr. »I 3 Jp- I I V-' J sf "<*- I mi /-.r '"'f-Jf'ir sm* J i -ifi -m
      107 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      763 14 CRYPTIC PUZZLE ACROSS 9 Ship the glass (8) 10 The woman in the library (3) 11 All ten mad with rage (6) 12 Impound also, you say, and one looks after (4, 2) 13 Having caught the female bird, is puffed (7) 14 See the way. though unable to find
      763 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      895 16 COUFVOISIER VS.O.P-WtIIEIRK T€ lENTCICTAIIN e&5 TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOO EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR THE
      895 words
    • Advertisement
      Page 16 Advertisements Column 2
      191 16 Our Master Chef Mr. Wong Chi Kwan from Hong Kong has specially prepared over 30 varieties of Dian Xin to titillate your tastebuds These gastronomic delights are steamed only upon order to ensure that our Dian Xin comes to you piping hot off the kitchen Prices in our daily A-la-Carte
      191 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      28 21 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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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      53 23 WORLDWIDE EXPRESS Prompt pick-up and hours a day Arthur Loke Partners We invite applications from suitable candidates of 3 to 5 years experience in the following areas of law: Corporate/Banking Litigation Applicants should send their curriculum vitae to: The Senior Partner Arthur Loke Partners 21 Collyer Quay #16-00 Hongkong Bank
      53 words
  • Page 23 Miscellaneous
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      688 24 The week's movies The Public Enemy, Today, 10.30pm, SBC 5 A powerful film with the memorable scene of James Cagney stuffing a grapefruit in Mae Clarke's face. Story about two young men who become part of the underworld, and the vengeance one of them seeks when the other is shot
      688 words
    • Miscellaneous
      Page 24 Miscellaneous Column 2
      2227 24 SATURDAY PH Opening and Programme Highlights followed by Bodywatch Infants Have Feelings Too (See Our choice). BookvWoM tvanhoe (r, Last episode). Rebecca is in danger of being charged with witchcraft She demands trial by combat and Ivonhoe appears as her champion, opposing Bois-Guilbert, chosen as her accuser. Musical Interlude. Excerpts
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    • Miscellaneous
      Page 24 Miscellaneous Column 3
      1381 24 SATURDAY BBC 88.9 mHz in VHF Band II 6AM Newshour 7.00 World News 7.09 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 Poetry of the Century 9.45 Book Choice. 9.45
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