The Business Times, 15 July 1989

Microfilm: NL16672
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, July 15-16 1989 75 CENTS
    12 words
  • Article
    JEL close to clinching $70-million contract
    449 1  -  MITSUBISHI SUB-CONTRACTING WORK ON INCINERATOR PLANT By ELAINE KOH JURONG ENGINEERING Ltd, one of Singapore's main civil engineering groups, is poised to clinch a $70 million job for part of a plum government contract worth $464 million recently awarded to Mitsubishi Corporation of Japan.
    449 words
  • Article, Illustration
    Power struggle at the Singapore Cricket Club
    489 1 THE 136-year-old Singapore Cricket Club at the Padang, once the symbol of colonialism and local cricket but since transformed into a modern recreational club, is facing a power struggle. A group of 49 members of the prestigious club, which counts among its members
    489 words
  • Article
    Lock icon Japan ready to bankroll efforts to help debtor nations
    300 1 Reuter JAPAN stood ready yesterday to bankroll efforts by the world's leading industrial countries to ease the plight of debtor nations. Some of the world's poorest and most indebted countries have been lining up in Paris all week to press for
    Reuter  -  300 words
  • Article
    Special Administrative Service promotions
    391 1  -  By ANNA TEO SEVERAL Administrative Service officers have been promoted in a special exercise arising from the proposals by the Committee on Civil Service Careers and Scholarships to retain talent in the civil service. Coming separately from, and on top of, this year's annual promotion exercise
    391 words
  • Article
    Lock icon Taiwan trims more tariffs
    90 1 Reuter TAIWAN'S Parliament yesterday approved import tariff cuts on more than 4,700 foreign products to help boost the island's imports and reduce its huge trade surplus. A parliamentary statement said that the cuts followed similar reductions on 378 foreign products in May. The new reductions, which
    Reuter  -  90 words
  • Article
    Lock icon DOW JONES
    59 1 AP THE NEW YORK stock market edged upward early yesterday morning. The Dow Jones average of 30 industrials rose 7.58 to 2,545.90 at 1430 GMT in the first hour of trading. Gainers held a narrow lead over losers in the early tally of New York Stock Exchangelisted issues,
    AP  -  59 words
  • Article
    Lock icon FOOTSIE
    47 1 AP LONDON share prices were higher at midday yesterday on the last day of the current twoweek trading account. At about 1115 GMT, the Financial Times-Stock Exchange 100-share index was up 22.1 points, or one per cent, at 2,280.1, near its best level of 2,280.6. AP
    AP  -  47 words
  • Article
    Lock icon Fall in US producer prices
    206 1 Reuter US INFLATION at the wholesale level fell in June tor the first time in one and a half years as prices declined 0.1 per cent, the Labour Department said yesterday In a further sign of a weaker economy, retail sales fell by 0.4 per
    Reuter  -  206 words
  • Article, Illustration
    STII hits post-Crash high
    235 1 SINGAPORE share prices climbed to a new post-Crash high yesterday while cautious investors in Tokyo stayed out of the market. After Thursday's close for Hari Raya Haji, the local market's Straits Times Industrials Index gained 9.77 points to finish at a new post-Crash high of 1,363.50.
    235 words
  • Article
    FINANCIAL NEWS SUMMARY
    156 1 IMWlaaa stock inaicei Friday ST Industrials Index 1363-50 9.77 BT Composite Index 1261.03 9.79) NST Industrial Index 2356.74 5.35 HK Hang Seng Index 2516.11 (+17.90) Tokyo Nfckd Average *****77 (-56.39 Sydney All-Ordinaries 1556.5 (-3.0) Thundey New York (Dow J one*) 2538.31 5.68 London (FT 30 Index) 1868.0
    156 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      178 1 Nikon Th« World's Finest Photographic Systtm. f CONTENTS Sumitomo Bakoltte 2 $30m plant to start producing moulding compounds G-7 summit 3 Mitterrand backs call for North-South summit Thai foreign bank licences 5 OUB among 23 applicants Pinetree Town and Country Club Back Page Deluxe guest rooms among $2m expansion plans
      178 words
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      Page 1 Advertisements Column 2
      8 1 Mitterrand backs call lor North-South summit, PAGE 3
      8 words
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      Page 1 Advertisements Column 3
      32 1 ThtWortd't Full report, PAGE Regional mfcts, PAGE 10 World mkts, PAGE 11 and integrity of the true Rolex features. you spend with us. specialist. After all weseeour- ROLEX of Geneva a m7m
      32 words
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  • HOME NEWS
    • Article
      Firm to start producing moulding compounds
      438 2  -  By GENEVIEVE CUA SUMITOMO Bakelite's $30 million plant will churn out its first moulding compounds for the semiconductor industry next week, amidst an expected worldwide cyclical drop in demand. The plant will begin production almost exactly a year after its first stone was laid.
      438 words
    • Article
      SIA to fly non-stop to London daily
      114 2 HAVING TAKEN delivery of its third Boeing 747-400, Singapore Airlines will fly non-stop to London daily from the end of the month. Currently, SIA flies non-stop to the British capital five times a week. More of the airline's routes will be gradually converted
      114 words
    • Article
      S'pore as a regional distribution centre
      413 2  -  By SUZANNE SOH A NEWLY-LAUNCHED Japanese magazine, produced by electronics and communications giant Fujitsu, will devote its August edition to Singapore's role as a regional distribution centre. Published by the company's think-tank, Fujitsu Research Institute for Advanced Information Systems and Economics (FRI), STEM focuses
      413 words
    • Article, Illustration
      Seoul will join developed club by turn of the century: economist
      655 2  -  By ZHOU MEI, Economics Correspondent BY THE *****, South Korea should have succeeded in leaving behind its net debt burden currently at some US$25 billion to join the ranks of the net creditors. And by the turn of the
      655 words
    • Article, Illustration
      HDB to introduce penalty fee system for late payments
      439 2 THE Housing and Development Board (HDB) will soon take action against some 120,000 tenants and lessees who owed the board a total of nearly $44 million as at May this year. A new penalty fee system is to be introduced from
      439 words
    • Article
      Conforming with quality standards
      177 2 SINGAPORE manufacturers have to conform with international quality standards to overcome trade barriers and penetrate overseas markets, said Mr Liew Mun Leong, general manager of the Singapore Institute of Standards and Industrial Research (Sisir). Sisir has been internationalising local standardisation activities while keeping tabs on world
      177 words
    • Article
      A note of assurance to blood donors
      262 2 POTENTIAL blood donors are staying away because they fear contracting Aids, a minister said yesterday. But people cannot contract the feared Acquired Immune Deficiency Syndrome simply by giving blood, pointed out Mr Wong Kan Seng, the Minister for Foreign Affairs and Community Development.
      262 words
    • Article
      New US envoy presents his credentials
      55 2 THE AMBASSADOR of the United States of America. Mr Robert Orr, presented his credentials to President Wee Kim Wee at the Istana yesterday morning, according to a statement issued by the Ministry of Foreign Affairs. Mr Orr. the former governor of the state of
      55 words
    • Article
      Square D considering seeking OHQ status
      314 2  -  By JAYARAM MENON AN AMERICAN manufacturer of electrical and electronic control equipment for industrial use. Square D, is considering applying for Operational Headquarters Status (OHQ) here. The company's chairman. Jerre Stead, said that would be a logical development as Singapore has been the company's
      314 words
    • Article
      SMA postpones joint furniture exhibition in Beijing
      317 2  -  By SUZANNE SOH THE Singapore Manufacturers' Association has postponed a joint exhibition with the Chinese authorities scheduled for this month in Beijing, said an SMA spokesman. Called China International Furniture '89, the show has now been rescheduled to the end of the year
      317 words
  • Article
    SHIPS IN PORT
    1448 2 AT CONVENTIONAL WHARVES Botom Moju *****9 M28 olongside 1507/ 2359 Vwn Voy No B«f1h Arrival Departure ?T M3A oiong»de a00 -DomorWulon 09-39 M46 olongside 15.07/0600 KMXM4 WharvM Mohkoto Exp *****9 M2A olongside 1107/0500 Adka Eridhon 3 K19 alo«Kida 14 07/ 19*1 Somjxjrna Jt| 002 M38 oloogsKlt 14.07/
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  • OVERSEAS
    • Article
      Lock icon EC Commission adopts corporate statute plan
      431 3 Reuter THE European Commission has published controversial plans for a European company statute, saying Britain's objections to worker participation clauses had been met. But British officials said they were not yet convinced. The statute proposed on Wednesday would give companies the option of incorporating
      Reuter  -  431 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1022 3 ARRIVALS Operator Service Local From numb«r rim* MAS MH75A 0035 KUL SIA soon 0040 LAX/NRT AAAS MH601 0130 KUL CAL CI333 0405 TPE SU SQ401 0555 CMB SiA SQ409 0610 AAAA MAU AAK746 0725 MRU SIA SQ023 0755 AMS/BOM SVA SV398 0835 JED/RUH KAL KE624 0840 KUL
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    • Article
      Lock icon Who wants what at summit of industrial democracies
      464 3 Reuter THE SEVEN leading industrial democracies have similar goals for their economic summit in Paris this weekend but are not united on how to achieve them. Third World debt, the environment, China and economic and political reform In Eastern Europe are expected
      Reuter  -  464 words
    • Article
      Lock icon Japanese unsure about business in China
      377 3 AP JAPANESE businessmen and trade officials see dismal prospects for investment in China in the coming year, and dispute suggestions Japan may profit from China's current political maladies. Fears that Japan will take advantage of the flight of other foreign businessmen to tighten its
      AP  -  377 words
    • Article, Illustration
      Lock icon Mitterrand backs call for North-South summit
      516 3 Third World debt, environment high on G-7 agenda AFP THE SEVEN wealthiest Western industrial nations opened their annual economic summit in Paris yesterday with French President Francois Mitterrand set to act as a messenger on behalf of key Third World nations urging renewed North-South
      AFP  -  516 words
    • Article
      Lock icon Japanese economic growth may slow next year
      263 3 AFP JAPAN'S rate of economic growth may slow next year due to adverse exchange-rate developments. political uncertainty and labour shortages, the Economic Planning Agency said on Thursday. The government agency said in a half-yearly report, however, that strong consumer spending and capital investment
      AFP  -  263 words
    • Article
      Lock icon Senate passes Bill to ease entry of skilled immigrants
      256 3 NYT THE SENATE on Thursday approved an overhaul of US immigration laws aimed at guaranteeing more visas for skilled workers with no family ties in the US and at increasing immigration from Western Europe. The legislation, which was adopted by a
      NYT  -  256 words
    • Article
      Lock icon Canada, US to negotiate faster tariff removal
      258 3 Reuter THE Canadian government says it plans to begin negotiating with the United States in September to accelerate the removal of tariffs on goods between the nations under their free-trade agreement. Trade officials told reporters in Ottawa on Thursday that Canadian requests for
      Reuter  -  258 words
    • Article
      Lock icon New Japanese fans are a breeze
      255 3 AP JAPANESE MAKERS are competing with low-cost imported electric fans by introducing new models designed to produce breezes almost identical to natural winds off lakes and mountains, company officials said in Tokyo yesterday. About 4 million electric fans are sold in Japan each year,
      AP  -  255 words
    • Article
      Lock icon India seeking patent concessions
      364 3 FT INDIA has proposed that developing countries should be able to grant "licences of right" to companies to exploit patents in critical sectors such as food, pharmaceuticals and chemicals. The patent owners would be compensated "in accordance with the host country's law". The proposal was contained
      FT  -  364 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      39 3 LONDON Caff your Tmrl Agent or Air Ctnxb at /J/MM. A BREA TH OF FRESH AIR The bunneu prnon'i choice every Tuesday, Thurtdav, Saturday and Sunday. Leaving Changi Airport at 22:03 houn and arriving Heathrow early the following morning.
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      80 3 \2MU V//". July 12 Amttrdom Alton* Auckland Bahrain Bangkok Barbados Beirut Belgrade Berlin Bermuda Bogota Brisbane Brussels Budapest Buenos Aires Cairo Calgary Carocas Chicago Cop ha gen Dublin Frankfurt Geneva Havono Helsinki Hnrmlnnr. oog Honolulu Islamabad Istonbul Jakarta Jerusalem Jo'burg Kiev K Lumpur Lima Lisbon Mexico Chy Miami Montreal Moscow
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    • Miscellaneous
      Page 3 Miscellaneous Column 2
      43 3 m 7. R zr lis? F BY GARRY TRUDEAU I MEAN. WHAT'S THE SILVER UN/NG HERE WHAT'S THE UP SIP£ TO HON BY BEING A FUGITIVE? Wr NO, NO, ITS SOME SORT OF NOT PEAP 2 OUT UJEPUT IN He* CONTRACT.. V y
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Liffe expects to get more European members
      578 4 GROWING INTEREST IN FUTURES AND OPTIONS Reuter GROWING INTEREST in financial futures and options is expected to bring more European members to the London International Financial Futures Exchange (Liffe) in the coming months. "We have got a number of new members in the
      Reuter  -  578 words
    • Article
      Forex markets
      1318 4 SINGAPORE: The US dollar closed mixed in a thin and directionless market yesterday, dealers said. It-closed at 139.50/60 yen against New York's 139.55/65 finish and at 1.8905/15 marks against 1.8910/20 marks. Dealers said operators remained largely sidelined amid caution ahead of the release of key US June economic
      1,318 words
    • Article
      Comex gold/silver futures
      168 4 Gold futures on July 13, 1989 100 troy ounces; USS per troy ounce Opon High Low Sottto Jul 377.00 -1.70 Aug 380.20 380.40 377.20 378.50 -1.90 Sop 380.70 •1 80 Oct 383 70 384.20 381.50 382.60 •1.80 Dac 387.90 388.60 385.50 386.90 -1.70 Fab 90 390.00 390.00
      168 words
    • Article
      Asian dollar market
      297 4 ASIAN DOLLAR DEPOSIT rates ended at their opening levels in quiet trade yesterday, with most operators sidelined ahead of yesterday's release of several US June economic indicators, dealers said. Short-dates were mostly steady at the outset and remained unchanged subsequently. Weekend. Monday/Tuesday and week-fixed rates closed at
      297 words
    • Article
      Lock icon Simex
      507 4 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened one tick lower than Chicago closing level at 91.57 following the Federal Reserve's unexpected draining of funds via a 4-day matched sale-repos agreements. Trading was lethargic as dealers were cautious ahead of yesterday night's key US economic data. The September contract ranged
      BA Futures  -  507 words
    • Article
      Money markets
      66 4 THE OVERNIGHT rate on the Singapore money market rose by 5/16 point to end at 5-3/8 per cent. The two-month rate fell 1/16 point while the one- and three-month rates were unchanged. S$ Interbank rates at the dose yesterday: OffW MO 0*w 5 3 5 1/4 l-moMh s
      66 words
    • Article
      Options
      1233 4 CURRENCY FUTURES OPTIONS Thursday, July 13, 1989 DEUTSCHE MARK (ftiMEX) 1 !i i i Sap 88 pa*a Wall Laa San 52 56 53 98 54 154 Thursday, July 13. 1989 JAPANESE YEN (8IMEX) I t 1 la Sap 88 paala High Lm San Law San 75 326 CURRENCY FUTURES
      1,233 words
    • Article
      IMM
      302 4 IMM CURRENCY FUTURES finished a thinly-traded and choppy session on Thursday mostly lower and near the lows of the day. "It was a real roller coaster day," said one yen futures trader on the floor of the IMM. Light dealer selling drove futures lower, but commercial short-covering caught locals
      302 words
    • Article
      Government Securities Market
      101 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OffCR HKX LOW 3 months RQ*****W 11.10.89 3.84 3.79 3.81 3.79 6 months BS*****H 23.11.89 3.84 3.79 1 y*or BY*****F 24.05.90 4.13 4.08 4.13 4.10 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code
      101 words
    • Article, Illustration
      World interest rates
      172 4 Indlcat** tho ivtrtgt of *m prim* lending rates of 12 ma|or banks In S'pors Interbank market ratee (offer/bid) on July 14 uss DM SWFC Y«n 7 dor* 3/1*— 13 13/14 13/16 7-47/1 7 7f 3 1/4 3 1/« V n* 9 «7/» 13 13/1* 13/16 13/1*— 13/1*
      172 words
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  • BANKING AND FINANCE
    • Article
      Lock icon US banks see growth in forex and corporate finance
      474 5 Reuter US BANKS, now reporting sec-ond-quarter earnings, are fighting sluggish interest income with growth in other areas such as foreign exchange, corporate finance and acquisitions, analysts said. Earlier, Chemical Banking Corp said it earned U*****.6 million in the quarter, compared with
      Reuter  -  474 words
    • Article
      Lock icon Australian interest rates must stay high: Johnston
      167 5 Reuter OUTGOING Australian Reserve Bank Governor Bob Johnston said economic pressures meant interest rates should stay high for a considerable time. "It is imperative we get spending and production in a better balance and investment and savings in a better balance," he said
      Reuter  -  167 words
    • Article
      Lock icon Brazil says debt payment suspension not aggressive
      280 5 Reuter THE SUSPENSION of debt interest payments by Brazil in June was not an aggressive move aimed at the creditor nations, a Brazilian official! said. "That was a temporary measure. It! did not constitute in any way a moratorium, nor some kind of
      Reuter  -  280 words
    • Article
      Lock icon Mexico and creditor banks dispute time frame of loan
      643 5 Reuter A DISPUTE between Mexico and its leading creditor banks on the time frame for providing the country with new loans is among several issues bogging down the latest round of debt reduction negotiations, bankers said. Many banks on the 15-member
      Reuter  -  643 words
    • Article
      Lock icon South Korean Samick plans Eurobond issue
      119 5 Reuter SAMICK MUSICAL Instruments Manufacturing Co Ltd of South Korea plans to issue convertible Eurobonds worth US$3O million in November, company officials said. Ssangyong Investment and Securities Co Ltd will lead manage the issue, which has yet to be ap- proved by the government,
      Reuter  -  119 words
    • Article
      Simex office moves to OUB Centre
      78 5 THE SINGAPORE International Monetary Exchange will shift its general administrative office to its new home at OUB Centre today. The office is on the 7th and Bth floors of OUB Centre in Raffles Place. The telephone number is *****82. The Simex trading floor will
      78 words
    • Article
      Lock icon Three Japanese banks to extend UK operations
      113 5 Reuter THREE MAJOR Japanese banks will extend their London branch operations to Birmingham in the English Midlands, following Toyota Motor's decision to build a £700 million car assembly plant in the region at Burnaston in Derbyshire, bank officials said. The three main banks
      Reuter  -  113 words
    • Article
      Thailand to decide on new foreign bank licences soon
      340 5 OUB AMONG 23 APPLICANTS TWENTY-THREE foreign banks, including Singapore's Overseas Union Bank, will soon know whether their applications for banking licences in Thailand have been accepted. A Reuter report quoted Thai finance minister Pramual Sabhavasu as saying that the Thai Cabinet
      340 words
    • Article
      S'pore-based banks in US$250m facility for Thai expressway
      282 5  -  By HONG LEE TIAM SEVERAL Singapore-based banks are participating in the US$25O-million standby letter of credit facility for Bangkok Expressway Company Limited to finance the construction of the prestigious Bangkok Expressway. An official of National Westminster Bank, one of the four lead
      282 words
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      Page 5 Advertisements Column 1
      203 5 One big family under the sun. The world saw years of gruesome conflict when Japan set about building an Asian empire in the 1930s and *****. Today Japan's Taiwan J x prosperity is building it an e empire of a different sort. Japanese jobs, technology!\ investment, aid and goods are\
      203 words
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  • COMMODITIES
    • Article
      Lock icon US judge denies request to block CBT sale
      731 6 Alleged attempt to corner soybean market Reuter A FEDERAL JUDGE on Thursday refused to stop the Chicago Board of Trade from ordering the sale of millions of bushels of soybeans to counter an alleged attempt to corner the market. Judge James Zagel
      Reuter  -  731 words
    • Article
      Lock icon Precious metals look set to move higher
      388 6 Reuter THE YEAR'S lows have probably been registered in precious metals and the second half of 1989 will see markets stabilise and improve as sound fundamentals assert themselves, broker Shearson Lehman Hutton said in its half-yearly review. But although gold and silver should
      Reuter  -  388 words
    • Article
      Soybean
      248 6 CBT NEARBY SOYBEANS rose on a spate of late buying on Thursday, closing higher on news that Ferruzzi, the firm at the centre of market squeeze talk, was trying to block a CBT ruling on the July contract floor brokers said. The reports, which came out after mid-session, took
      248 words
    • Article
      Wheat
      122 6 CBT WHEAT FUTURES ended with modest gains on Thursday, advancing on commission house buying and talk that China may have bought US wheat, floor sources said. Trading sources said business was light in the wheat pit, with the result that a couple of trades could lift prices. Towards the
      122 words
    • Article
      Lock icon Japanese rubber demand expected to rise this year
      114 6 Reuter JAPAN'S rubber demand will rise to a projected 1.71 million tonnes in 1969 from 1.67 million tonnes last year before levelling off in 1990, the International Rubber Study Group said. The group said in a country position paper that the Japanese
      Reuter  -  114 words
    • Article
      Lock icon Crude Oil and Products
      146 6 Telerate HSFO prices were stable in the Far East markets. Sellers of CS-180 were notional ly at $93-4 mt with buyers at $91 mt fob/cif Sing. Market sentiment over near-term prices was termed mildly bull- ish, resulting in reluctant sellers despite potential buyers seen. Taiwan bought
      Telerate  -  146 words
    • Article
      Lock icon China predicts record grain harvest
      162 6 AFP CHINA is on the way to recording its largest-ever grain harvest, with the total expected to be some 410 million tonnes, China Daily reported in Beijing yesterday, quoting an official in the Agriculture Ministry. The fall harvests of rice, wheat and sorghum should reach
      AFP  -  162 words
    • Article
      Precious Metals
      328 6 HONGKONG: Gold closed little changed yesterday in quiet and sluggish two-way trading, dealers said. They said prices tended to follow US dollar movements in trade inhibited by caution ahead of the release of a series of US economic indicators at 1230 GMT yesterday. Bullion ended at U*****.00/50 an
      328 words
    • Article, Illustration
      Lock icon Nymex chief resigns after five years on job
      513 6 Special advisory role for her Reuter THE BOARD of directors of the New York Mercantile Exchange announced the resignation of Rosemary McFadden as president, effective on July 31. Nymex chairman Z Lou Guttman said that Ms McFadden will serve as special adviser
      Reuter  -  513 words
    • Article
      KL Tin
      141 6 RENEWED SELLING InterWW* wivv i nunoiy i not km y closure saw the Kuala Lumpur Tin Market price tall nine sen to M 525.00 a kg yesterday. The market ctoeed on a turnover ci 90 townee, down Oil WwOOvvOfljf* Lack of Intsrssl waa noted at tie opening wtth
      141 words
    • Article
      Rubber
      318 6 SMOAPORE: Rubber prices closed little changed yesterdsy, with August 1 RSS buyer quoted st 178.50 cents s kg, up 0.50 cent from Wednesday's close. Thursday was a local holiday. Dealers said prices fluctuated within a narrow band in the afternoon after very quiet and featureless trade. Traders remained on
      318 words
    • Article
      Palm Oil
      530 6 MALAYSIAN CRUDE PALM O<L prices closed lower on renewed selling and buyers' reserve yesterday, in sympathy with losses in palm oil futures, dealers said. A lack of supportive fundamentals and fears of rising palm oil stocks due to poor offtake undermined sentiment, they said. Trading was thin and
      530 words
    • Article
      SSR and SMR
      82 6 tcWkfl) AUGUST 1989 SETTEMIB 1989 (currant month) (forwc ■rd month} RAS NOON NOON Stilln lujm Sdm SS> 30 131.00 133.00N 131 JO 133JON SSI 30 149.00 131.00N 149 JO 151 JON :KM--I Iwyari Sfin, j_ x Sotort SMICV 233-00 235.00N 333.00 *****N SMI I 234J0 334 JON
      82 words
    • Article
      Produce Prices
      199 6 Chinese Produce Exchange Sellers' noon dosing prices on July 14 (S$/100 kg) Coconut oil BuHc FOB 104.00 Old drum FOB 114.00 Now drum FOB 118.00 Copra Mixod (kx>s«) 60.00 sellers Pepper SI. ,ninlr 1lf kU a rVSWilO* WTHTw FOB NLW 507JO Sarawak whit* FOB faq NLW 497SO Sarawak
      199 words
    • Article
      London markets
      262 6 London Commodity Exchange Buyer/Seller closing prices on July 13 (£/tonne unless specified). Previous closing prices in parenthesis. Coffao Basis In-ftof* London, toilers option C1F London Jui 815/818 (810/813) High/Low 826/810 Sop 818/820 (812/813) KRgh/Low 820/829 Solo* (3048) Cocoa M 814/820 (808/810) High/Low 816/803 Sop 835/836 (825/826) High/Low 838/817
      262 words
    • Article
      RAS and MRELB
      304 6 RAS prices msc •nte/kg, FOB In bata NOON CLOSE Kuyort Sol Ion ftuyon Sollon In* 1 RSS Prompt 180.00 181.00N 180.00 181.00N Int 1 RSS Aug 178-50 179 JO 178 JO 179 JON Int 1 RSS Sop 180.25 181.25 180.25 181.25N In* 2 RSS OP 177.50 179
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  • COMPANIES & STOCK MARKETS
    • Article
      Lock icon Creditors defer action against Peak Hua
      556 7 NST TWO CREDITORS of financiallystrapped Peak Hua Industries Bhd have deferred their action to wind up the company pending the outcome of a proposed financial restructuring scheme. The creditors, MUI Bank (which is owed MsB million) and Arab-Malaysian Finance (M$800,000), are still "talking" to
      NST  -  556 words
    • Article
      Lock icon General Corp to expand property activities
      390 7 MBT GENERAL CORPORATION Bhd is gearing up for a higher level of property and construction activities for the current financial year in line with the improved property market. Disclosing this in his latest annual statement, chairman Datuk Abdul Latiff bin Hussain says the group's
      MBT  -  390 words
    • Article
      Lock icon Harrisons Malaysian evaluating several new projects
      447 7 NST HARRISONS MALAYSIAN Plantation Bhd (HMPB) is evaluating a number of projects to be implemented in the near future. Chairman Tun Ismail bin Mohammed Ali, noting this in his latest annual statement, also points out that the current year will see the commencement of
      NST  -  447 words
    • Article, Illustration
      Wearnes and BP form LPG filling plant venture
      499 7  -  NEW COMPANY TO HAVE AUTHORISED CAPITAL OF $10M By WILLIAM CHIA DIVERSIFIED group Wearne Brothers Ltd and UK oil giant British Petroleum are forming a joint-venture company to enhance their local liquefied petroleum gas business in Singapore. The two companies announced yesterday
      499 words
    • Article
      Charity event chalks up $35,000 for Community Chest so far
      459 7 UVvjj^^ ONLY FIVE WEEKS into the Great Investment Race, and the top three participants of this charity drive have already raised $35,000 for the Community Chest of Singapore. Lim and Tan Securities has taken a strong lead in the race
      459 words
    • Article
      COMPANY BRIEF
      76 7 FRASER AND NEAVE said it has received in-principle approval from the Stock Exchange of Singapore for its proposed issue of $174 million 5% per cent bonds due 1994 with warrant and for the listing and quotation of the bonds, warrants and the sotck units arising from the exercise
      76 words
    • Article, Illustration
      Lock icon Guinness asked to pay £85m for breaches
      666 7 Reuter THE UK Panel on Takeovers and Mergers has ordered drinks group Guinness pic to make payments of up to £85 million to some former Distillers shareholders to remedy certain breaches of the UK Takeover Code by Guinness during its successful 1966 bid
      Reuter  -  666 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      161 7 SINGAPORE'S PREMIER WATCH BOUTIQUE <0 c Stock Exchange of Singapore SPECIAL SUPPLEMENT ■5 The lines around the world's stock markets are fast disappearing. As we move Into the Nineties, the pace will pick up. The growth of the global market place and round-the-clock trading will present new opportunities. And new
      161 words
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  • SES
    • Article, Illustration
      Market hits post-Crash high on record turnover
      1093 8  -  by JOSEPHINE CHAN BOASTING six consecutive postCrash highs and heavy volumes, the local market s bullish sentiment showed no signs of easing yesterday. Keen buying interest boosted turnover value to a record of $322.25 million, eclipsing the previous record value of $318 million
      1,093 words
    • Article
      Unit trusts
      314 8 Managers' prices OCBC-SIMBl Investment ♦or Jdy 15 17 Savers Capitol Fund 106 1.13 Savers Trust Fund 106 1.11 Singapore Unit Trust The Commerce 1.16 123 OUB Investment Mgt The Savings Fund 104 1.10 Union Global Fund® 0.86 0.92 S'po<e Prog fund 0.47 0.51 Union S'pore Fund 0.975 1015
      314 words
    • Article
      COMPANY MEETINGS
      54 8 FIMA METAL BOX BERHAO: 14th AQM at the PJ Hilton Hotel. Jalan Barat. ***** Petaling Jaya, Selangor Darul Ehaan, on July 17, Monday, at 11.30 am. MALAYSIA MINING CORPORATION BHD: EGM at The Harlequin Ballroom. Ground Floor, The Merlin Hotel. N0.2 Jalan Sultan lamail. ***** Kuala Lumpur, on
      54 words
    • Article
      SES SHARE INFORMATION
      6098 8 1989 High Low Tol Cod* c ompany Lmt Vol Sale or- fOOO) HI JIM 14 Day gh Lo Lai w Bu) it Quo* rer 8etk Qr'a Qr*a Die D* rid Net M Cap ■r C'vr P/E $mil DEBENTURES, BO NOS, LOANS 284 124 1 1543 CK Tang
      6,098 words
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  • KLSE
    • Article, Illustration
      Lock icon Selective buying continues
      3567 9 MBT SELECTIVE BUYING was again the feature at the Kuala Lumpur stock market yesterday. While selected stocks soared, others encountered profit-taking and the market closed mixed to firmer. At the close, the scoreboard showed gainers leading losers by 118 to 61, while 50 counters were traded unchanged.
      MBT  -  3,567 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Link with Honda seen as a boost for Rover
      774 10 JAPANESE MOVE PROMPTED BY COMPETITORS Reuter JAPAN'S Honda Motor Co Ltd's announcement of a major new investment in a UK production plant and cross shareholdings with Britain's Rover Group pic is a boost for Rover and is likely to have been
      Reuter  -  774 words
    • Article
      Lock icon Shuwa Corp challenges corporate tactics in court
      648 10 Reuter PROPERTY COMPANY Shuwa Corp plans to use the courts in a rebellion against traditional Japanese tactics to block hostile takeovers and greenmail, a corporate weapon seldom used in Japan. Shuwa says it is now the largest shareholder ot supermarket chains Inageya Co
      Reuter  -  648 words
    • Article
      Lock icon Goodman Fielder's chief exec to step down
      148 10 AFP GOODMAN Fielder Wattie Ltd (GFW) chairman Pat Goodman, under shareholder pressure following his abortive bid to take over Industrial Equity Ltd fIEL), is to step down as chief executive later this year. A GFW spokesman said on Thursday Mr Goodman would stay
      AFP  -  148 words
    • Article, Illustration
      Lock icon Short-selling of Bond Corp shares: limit set
      340 10 Reuter THE AUSTRALIAN Stock Exchange (ASX) will cut back the number of Bond Corp Holdings Ltd shares which can be short-sold. ASX surveillance manager Jim Berry said yesterday that short-sell-ing in Bond Corp would be restricted to a maximum 15.9 million shares from
      Reuter  -  340 words
    • Article, Illustration
      Lock icon Easier finish
      516 10 Tokyo Reuter TOKYO share prices closed eaaier in extremely thin trade yeeterday after languishing all day, smothered by foreign brokers launching sell programs at each sign of life. "This scared a lot of traders away," said Craig Chudler, market strstegist for Smith New Court "It was a no-go
      Reuter  -  516 words
    • Article, Illustration
      Lock icon Slightly down
      465 10 Australia Reuter THE Australian share market closed slightly lower in subdued trade yesterday amid high interest rates and ahead of Tuesday s June balance of payments figures, dealers said. "The domestic market isn't going anywhere at the moment due to continuing high interest rates,'' Jardine Fleming senior dealer
      Reuter  -  465 words
    • Article, Illustration
      Higher close for stock prices
      1211 10 Hongkong A SOFTER TONE In Interest rates and New York's new poet-Crash high sent Hongkong blue chips to their highest points yesterday since the China crisis in June csused the local market to plunge, dealers said. The Hang Seng Index rose 17.90 points to 2.516.11.
      1,211 words
    • Article
      Lock icon Taipei: Sharply lower
      490 10 Reuter TAIWANESE stocks finished sharply lower yesterday despite attempts by large investors to slow the falls with purchases of large blocks of shares, dealers said. The weighted index fell 90.13 points, or 1.14 per cent, to 7,818.11 from Thursday's 7,908.24 finish while turnover dropped to NT552.64 billion
      Reuter  -  490 words
    • Article
      Lock icon Seoul: Profit-taking
      165 10 Reuter SEOUL STOCKS closed mixed yesterday as prof-it-taking in late business dampened the optimistic tone of morning trade, brokers said. The composite stock index fell to 890.39. down just 0.32 points from Thursday's close but several points below the morning's high. Turnover was moderate at 249.1 billion won
      Reuter  -  165 words
    • Article
      Lock icon Manila: Mixed
      166 10 Reuter PHILIPPINE shares closed mixed yesterday as blue chip commercial issues rose on assessment of their fundamentals and the rest of the market either held steady or eased on a lack of fresh developments. The Manila Stock Exchange composite index edged higher to 1,036 87 points from Thursday's
      Reuter  -  166 words
    • Article
      New Zealand: Profit-taking
      97 10 NEW ZEALAND share prices weakened yesterday, particularly in afternoon trading, on profit-taking and position squaring ahead of US producer price data at 1230 GMT. "It's struggling to find direction at current levels." one broker said. The Barclays Index fell 18.78 to 1,935.43. Brokers said direction next week
      97 words
    • Article
      Lock icon Bangkok: Mixed close
      219 10 Reuter THAI STOCKS closed mixed in lacklustre trading yesterday ahead of the release of US economic data and on expectation of market consolidation of their sharp gains last month, brokers said. The SET Index gained 0.17 points to close at 616.43 with 8.4 million shares changing hands.
      Reuter  -  219 words
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      81 10 I He's a scrawny, scruffy, chain-smoking, junk-food-stained disgrace living with his neutered pet tomcat... But Timothy Cone is also the smartest, toughest, most persistent private investigator around. He moves in a workj of stock market scams, insurance fraud, commercial espionage and legit business fronts for laundered Mob money. A world
      81 words
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  • WORLD MARKETS
    • Article, Illustration
      Lock icon New post-crash high
      847 11 New York Reuter INVESTOR confidence that US economic data due yesterday would show moderate inflation growth helped lift share prices to a new post-crash high on Thursday, analysts said. It was the market's eighth straight session of gains. "Apparently, this market is irrepressible," said market analyst Hildegard
      Reuter  -  847 words
    • Article, Illustration
      Lock icon Equities open firmer
      976 11 London Reuter LONDON share prices opened firmer yesterday, buoyed by a surge in Cadbury on intensifying rumours that Swiss Jacobs Suchard is about to bid for it, dealers said. Cadbury traded 48p up at 479p by 0808 GMT on volume of 44.4 million shares. It put sparkle
      Reuter  -  976 words
    • Article
      Selected indices
      113 11 HONGKONG Hongkong Index Friday 1.***** Thursday 1.649 10 Week ago 1.***** Hang Song Index Friday 2.***** Thuriday 2.***** Week ogo 2.***** All Industrials Friday 2.5060 Thursday 2.5120 Week ogo 2.467 9 NEW YORK Dow Jones Thursday 2.***** Wednesday 2.532 63 Week ogo 2.462 44 TOKYO Nikkei Average Friday
      113 words
    • Article
      Lock icon EUROPEAN MARKETS ROUNDUP
      1312 11 Reuter ZURICH: Swiss shares closed little changed in quiet, featureless trading yesterday as the market waited for the release of a batch of US economic data due in mid-afternoon, dealers said. The Swiss Market Index of leading shares put on 3.1 to 1,706.8 points, while the all-share
      Reuter  -  1,312 words
    • Article
      Lock icon Unilever to buy Faberge and Arden for US$1.55b
      389 11 DEAL EXPECTED TO BE COMPLETED WITHIN 30 DAYS AP UNILEVER, the British-Dutch consumer products giant, has agreed to buy the Faberge and Elizabeth Arden lines of toiletries, cosmetics and fragrances for US$l.55 billion. Unilever and Faberge, announcing this on Thursday, said the
      AP  -  389 words
    • Article
      Lock icon Isosceles wins takeover struggle for Gateway
      208 11 Reuter BRITISH investors' group Isosceles has claimed victory over US rivals in a £2-billion takeover battle for Gateway, Britain's third largest supermarket chain. Isosceles pic said acceptance ot its cash-and-shares offer for Gateway Corp pic by major British investment funds gave it a total
      Reuter  -  208 words
    • Article
      Lock icon Coca-Cola earnings exceed forecasts
      196 11 Reuter COCA-COLA Co s second quarter earnings of 98 US cents a share versus last year's 82 cents exceeded Wall Street's forecasts for the period ended June 30, which analysts said was evidence the international part of the business was stronger than expected. Wall Street had
      Reuter  -  196 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      32 11 The most up-to-date Bahasa Melayu Baku primer >1 >vo til V il m NVMft S\l*m With an English-Indonesian-Malay glossary. $12.50 Available at all good bookshops fW>lishrti h>i TIMES 100«s vWCWi STP Distributor
      32 words
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      Page 11 Advertisements Column 2
      39 11 CORRIGENDUM We refer to our advertisement on 14th June 1989 the seller's name should read as "SANWA MARINE CO. LTD" and not "SANWA MARINE. KABUSHIK KAISHA" as published. Dated this 15th day of July 1989. PAN-UNITED SHIPPING (PTE) LTD.
      39 words
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      Page 11 Advertisements Column 3
      420 11 NOTICES THE COMPANIES ACT. CAP. 50 EASTWARD CO (PTE) LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of Eastward Co (Pte) Ltd duly convened and held at 101 Upper Cross Street #04-33, People's Park Centre. Singapore 0105 on 29th June, 1989, the following Special Resolution was
      420 words
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      Page 11 Advertisements Column 4
      464 11 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF VIKING ASIA SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTION Pursuant to Section 290<2Xb) At an Extraordinary General Meeting of the Company held at Clarldenstrasse 40, 8002 Zurich on 12 July 1989, the following
      464 words
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      Page 11 Advertisements Column 5
      396 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 HONG HUA DEVELOPMENT (PTE) LTD (Members' Voluntary Liquidation) FINAL MEETING NOTICE is hereby given pursuant to Section 308 (1) of the Companies Act, Cap. 50, that the Final General Meeting of the members of the abovenamed company will be held at
      396 words
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      Page 11 Advertisements Column 6
      393 11 IN THE MATTER OF 7 THE COMPANIES ACT, CAP. 50 HONG LIAN PROPERTIES LTD Z (Members' Voluntary Liquidation) FINAL MEETING NOTICE Is hereby given pursuant to Section 308 of the Companies Act, Cap. 50, that the Final GenefAl Meeting of the members of the abovenamed company will be held at
      393 words
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  • Article, Illustration
    Deluxe guest rooms among $2m expansion plans
    505 12  -  PINETREE TOWN AND COUNTRY CLUB By GENEVIEVE CUA LUXURIOUS guest rooms at the Pinetree Town and Country Club these are just some of the new facilities in a $2 million expansion plan awaiting approval from the building authorities. Currently, less than a handful
    505 words
  • Article
    Lock icon Howe pledges to be generous in admitting people from Hongkong
    320 12 AFP BRITISH Foreign Secretary Sir Geoffrey Howe said on Thursday that Britain would be "as generous as possible" in admitting people from Hongkong, but indicated again that it was impossible to grant residency to all the colony's citizens. On the
    AFP  -  320 words
  • Article
    Lock icon HK politicians vow to continue crusade for right of abode
    415 12 Reuter DETERMINED Hongkong politicians yesterday shrugged off another British refusal to grant citizenship rights to its colonial subjects and vowed to allow no compromise. "We feel that we ought to be fighting for the restoration of right of abode to
    Reuter  -  415 words
  • Article
    Lock icon Vietnam says it could accept UN peacekeeping role in Cambodia
    341 12 Reuter VIETNAM would accept a UN peacekeeping force in Cambodia if the world body took a more even-handed view of the problems there, Vietnamese Foreign Minister Nguyen Co Thach said yesterday. "We welcome the role of the United Nations if
    Reuter  -  341 words
  • Article
    Lock icon Cambodian regime claims it wants permanent neutrality
    162 12 Reuter THE VIETNAMESE-BACKED regime in Phnom Penh says that it wants Cambodia to become a permanently neutral state. Phnom Penh Radio said that Parliament had unanimously adopted the draft of a statement on "the permanent neutrality'' of the war-torn Indochinese state. The broadcast,
    Reuter  -  162 words
  • Article
    Lock icon Tamils mourn killing of leader
    265 12 Reuter TAMILS in northern Sri Lanka displayed black flags and closed shops yesterday to mark the killing of a prominent moderate Tamil leader. The flags appeared in Vavuniya district soon after Member of Parliament Appapillai Amirthalingam, leader of the Tamil United Liberation Front (TULF), was
    Reuter  -  265 words
  • Article
    Lock icon America's global leadership said to be under threat
    368 12 Reuter AMERICA's global leadership is under threat from its huge budget and trade deficits, a panel of financial leaders warned the US Congress on Thursday. The tide of red ink in the nation's accounts was not only harming investment and living standards
    Reuter  -  368 words
  • Article
    Committee to review accounting standards
    360 12  -  By SOH TIANG KENG, Financial Correspondent A 12-MEMBER consultative committee has been convened by the Institute of Certified Public Accountants of Singapore (ICPAS) to review local accounting standards and treatment It will study a proposal by the International Accounting Standards Committee (lASC) that financial reporting
    360 words
  • Article
    Council on family and aged soon
    192 12 A NATIONAL Advisory Council on the Family and the Aged will be set up as part of a government initiative to involve the private sector more deeply in the country's social welfare, Minister of State for Community Development and Education Dr Seet Ai Mee
    192 words
  • Article
    Lock icon Comex gold and silver
    98 12 Reuter COMEX GOLD and silver futures dropped at the open yesterday in response to the June producer price index, reported down 0.1 per cent Traders said the figure, which did not bode well for higher inflation and thus prompted long liquidation in gold futures, was outside
    Reuter  -  98 words
  • LATE FILE
    • Article
      Lock icon Cadbury price jumps on bid talk
      48 12 AFP SHARES IN the British food and beverages group Cadbu-ry-Schweppes jumped 58 pence to 490 in London amid rumours of a possible takeover bid from the Swiss confectioners Jacobs-Suchard. A Suchard spokesman in Zurich refused to confirm or deny the rumours. AFP
      AFP  -  48 words
    • Article
      Lock icon Oil strike boosts hopes
      56 12 AFP HOPES for the development of a major new oilfield off Western Australia's north-west coast have been boosted by another significant strike. The Chinook-1 exploration well in the Northern Carnarvon Basin has been flowing at the rate of 6,412 barrels per day, the BHP company, which
      AFP  -  56 words
    • Article
      Lock icon Japan to suspend Chinese loan
      35 12 AFP JAPAN is to suspend an 810-billion-yen (US$5.B-billion) development loan to China in protest against the clampdown against the Chinese pro-democracy movement, a Japanese spokesman said in Paris yesterday. AFP
      AFP  -  35 words
    • Article
      Lock icon UK inflation stable
      65 12 Reuter INFLATION in Britain, Prime Minister Margaret Thatcher's main economic headache, remained stable at an annual rate of 8.3 per cent in June and is ready to start falling, the government said yesterday. The inflation rate remained unchanged from May in spite of analysts' forecasts of a
      Reuter  -  65 words
    • Article
      Lock icon Philippine Senate leader resigns
      50 12 AP PHILIPPINE Senate majority leader Orlando Mercado announced yesterday that he had submitted his resignation from the leadership post because he was "sick and tired" of rumours that he was involved in a sex scandal. Mr Mercado, 43, is a member of the Liberal Party. AP
      AP  -  50 words
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      Page 12 Advertisements Column 1
      73 12 ft* We are one of the leading reputable shipping, stevedoring forwarding agencies with complete operation technical team, interested in representing ship owners liners to render all type of services for their vessels and to attend complete operation, in Brunei Darussalam. Interested parties kindly contact: Sabli, Shipping Stevedoring A Forwarding Agencies
      73 words
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      Page 12 Advertisements Column 2
      91 12 1&It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European merger. FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business
      91 words
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      265 13 SO HAVE you ever harboured secret ambitions of being listed in the worlds Who's Who list of luminaries, but thought this honour to be out of your league? Think again. The publishers of Marquis Who's Who seem to think Singapore journalists are pretty luminary too. One
      265 words
    • Article, Illustration
      One fright in Bangkok
      794 13 FAR FROM wanting to put off or challenge, as the case may be the adventurous who are thinking of visiting Thailand alone, cheaply, and for the first time, I relate the following incidents as an adventure in themselves... First, beware of tourist service agencies in Bangkok's
      794 words
    • Article, Illustration
      Of past bondage
      781 13 THE VENUE: Spectre s private video theatre where its most heinous villains are deciding whether the organisation should pirate the latest 007 movie, Licence to Kill. Among those present: Scaramanga, Goldfinger, Oddjob, Mr Big, Ernst Blofeld and Rosa Klebb plus Pussy Galore, who was abducted and forced
      781 words
    • Commentary
      • Article, Illustration
        Harnessing the potential of women
        1500 14  -  MARTIN SOONG WHEN THE People's Action Party launched its Women's Wing about two weeks ago, Singapore Broadcasting Corporation introduced an item on the event during the 9pm television news with a droll teaser describing it as "a new ladies club". Perhaps its debut on nationwide
        1,500 words
      • Article, Illustration
        Epic-size travesties of history
        1522 14  -  HARISH MEHTA V S NAIPAUL, it now turns out. is not really an India-baiter. Wonders will never cease. Were we reading too much into Mr Naipaul's non-fiction epic, India: A wounded civilisation? Were we viewing him as the archetypal Westerner who attacked a South Asian country
        1,522 words
      • Article
        Why not allow use of CPF money for warrants?
        294 14 Letters to the Editor Dear Sir With the warrants of some trustee stocks trading at a discount, it makes sense to buy the warrants to convert them into the stocks of the underlying security. For instance, based on the closing price
        294 words
      • Article
        Call for clearer POSB instructions
        168 14  -  D W DISTANT Dear Sir On May 27, I used the Cash-On-Line service at POSB's GPO branch. The card was retained and in exchange I received a card advising that "the bank will retrieve the card, check its condition and inform you on the collection
        168 words
      • Article
        Where do the consultants fit in?
        104 14  -  CHEW WEE MIN Dear Sir More and more companies, it seems, are spending millions of dollars engaging consultancy services. Some companies even engage external specialists in almost every field of operations, which makes one wonder why they cannot carry out the functions with staff
        104 words
      • Article
        SBC is doing its best
        105 14  -  JEANNE CHENG (MRS) Head (Press Relations Publicity) Singapore Broadcasting Corporation Dear Sir We refer to the letters from Mr D W Distant and Mr Alan Tang on the SBCText financial news pages (BT June 24 and July 1, 1989). News on companies results and dividend
        105 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Thailand on wheels
        1124 15  -  The Automobile Association auto venture is an arranged tour with one main exception: the tourists do the driving. ALVIN CHOW skipped the drive up to Bangkok, but joined the Shell-riders there for a police-escorted spin and garland-decorated stay in Thailand. ALVIN CHOW "GOT CASSETTE TAPE to lend
        1,124 words
      • Article
        Sex and the Singaporean
        375 17  -  FORUMS By SAMUEL EE IF THE MENTION of food sets Singaporeans' gastric juices flowing, then sex must definitely set his adrenalin flooding. That is, if the massive and enthusiastic crowd at the Stamford Ballroom on Thursday was anything to go by. Chaired by Singapore's very own
        375 words
      • Article, Illustration
        When music is no longer therapeutic
        928 17  -  HEALTH By RICHARD SEAH AS SONY celebrates the 10th anniversary of its Walkman, questions are being raised about its effects on health. Not many scientific studies have been done on it, but a few already suggest that prolonged headphone use can adversely affect the
        928 words
      • Article, Illustration
        BILLBOARD
        867 17  -  Compiled by JUANITA SHAKILA STAGE PERFORMANCES: 77m Ambassadors of Opera. The Singapore Dance Theatre will be organising two fund-raising performances featuring the Ambassadors of Opera from the Metropolitan and New York City. The concerts are scheduled for July 23 and 24. The first show will be a dinner show
        867 words
      • Article
        Apples and pears
        547 17  -  FOOD By QUEK SWEE PENG WHEN WAS the last time you absolutely refused to get out of the house? The mere thought of getting appropriately attired... No, you'd rather stay indoors. And have family and friends thronging with shoppers on a Saturday afternoon all for the sake
        547 words
      • Article, Illustration
        Licence to grill
        1133 18  -  CINEMA 'M', bowled over by the transcript of Spectre's plot to pirate the latest Bond movie, assigns JAIME LYE to look for the spy who came in from the freezer JAIME LYE THE NAME'S BOND. James Bond. Code name 007. He's from Her Majesty's Secret Service. He's
        1,133 words
      • Article, Illustration
        The prize that got away
        594 18  -  BRIDGE By SYBIL HOLLOWAY PLAYING in the Epson tournament last year, Michel Bronoel of France came very cloee to winning a major prize with his first class defensive play in today's deal. Readers will notice that this same hand was played by Howard Piltch of
        594 words
      • Article, Illustration
        The Cure seems to be sinking into a dark abyss
        609 18 THE CURE: DieIntegration (Fiction) For years, the Cure produced bright, hauntingly stylish songs. Now they seem to have recoiled into a dark abyss. There are fleeting references to a variety of musical devices but these are too sparse and drowned
        609 words
      • Article, Illustration
        Eccentric Youth
        542 18  -  TALENT QUESTS By SAMUEL EE SIGH! youthful exuberance. So like the burgeoning of flower buds. A reminder of your own spring that came and went. Filling you with regret that age has caught up with you. That the bench you are sitting on is wet. That your dry-cleaned
        542 words
      • Article, Illustration
        Lock icon On the Sarawak trail
        640 24  -  TRAVEL By KEVIN GWEE YOU MAY NOT lose your head over the experience now, but many visitors today, to their delight, are discovering that Sarawak is more than just a giant "longhouse". For starters, Sarawak boasts six national parks offering diverse geographical features and plant and
        Photo by Kevin Gwee  -  640 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        The nuances of white burgundy
        818 16  -  By N K YONG THE CHARISMATIC NAMES of Meursault and Puligny-Montrach-et conjure up images and memories of mouth-watering wines which represent some of the finest in white table wines. Arguments as to which is the finer are largely academic, and almost the height of indulgence,
        818 words
      • Article, Illustration
        Lock icon flair the affair
        207 19 •■■y ashionable femininity is IN these days. Its influence is everywhere and in everything. From the bright and confident, to the seductive and y soft, being a woman has now become a totally unpretentious affair. Defined through a combination of luxury, frivolity and prettiness, femininity has been
        Ann Dem; Text and pictures by DEE KRAINZ; Issey Miyake; Matsuda  -  207 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Lock icon OTC stocks likely to underperform in second half: analysts
        688 20 US STOCKS Reuter US OVER-THE-COUNTER (OTC) stocks are not expected to perform as well as stocks listed on major exchanges in the second half of the year, particularly if a slower economy diminishes earnings of many small growth companies, analysts have
        Reuter  -  688 words
      • Article
        Lock icon So, where have the growth stocks gone ?
        873 20 So, where have the growth stocks gone FT THEY WERE the stars of the stock market. They had quality and they had staying power. They were the growth stocks. But where are they now? It is now 25 years since the Nifty Fifty dominated Wall Street. They were a loosely
        FT  -  873 words
      • Article, Illustration
        Lock icon Merrill sees record Dow in second half
        368 20 US ECONOMY Reuter MERRILL LYNCH and Co Inc said it sees the Dow Jones Industrial Average rising to record levels in the second half of 1969, a near-term increase in the dollar, slower inflation and further declines in US interest rates. Additionally. Merrill
        Reuter  -  368 words
      • Article, Illustration
        'Volatility a symptom of global uncertainties'
        734 20  -  INTERNATIONAL FINANCIAL MARKETS By HERMAN PHUA THE INTERNATIONAL financial markets are going through a period of change. And it won't pay, says Credit Suisse First Boston Research, for those who get left behind. In its outlook for ths third quarter, CSFB Research points out
        734 words
      • Article, Illustration
        Lock icon Spain gears up for 'Big Bang'
        612 20 PERSONALITIES FT MONICA MORALES, a founding partner of Ibercorp, spends a lot of time telling the firm's young dealers and analysts to stay away from Archy and Pacha, Madrid's "Hooray Henry" discos. "I lecture the young things madly because a lot of loose talk
        FT  -  612 words
      • Article, Illustration
        Lock icon STI Index's strength is deceptive
        201 21  -  CRESVALE HONGKONG THE SINGAPORE market has been surprisingly strong over the past two weeks. But despite the strength in the Straits Times Industrials Index recently, the STII continues to exhibit signs of weakness over the medium term. Most weekly technical measures, as of Wednesday's close,
        Source: Cresvale Research,HK  -  201 words
      • Article, Illustration
        Still room for further rise
        964 21  -  PROPERTY PROSPECTS SHEE, director of the Investment and Residential Departments, Richard Ellis (Pte) Ltd. By WILLY SHEE PRICES AND DEMAND for residential property will continue to rise this year. For the past 12 months, prices and rents have shot up by 20 per cent in
        964 words
      • Article, Illustration
        Four Big Four trusts outdo market
        700 21  -  UNIT TRUSTS By KEVIN GWEE THE performance of Singapore-equity-based unit trusts this year suggests that some unit trusts merit consideration as investments in the stock market. Four of the six unit trusts managed by the Big Four banks outperformed the leading market indicator, the
        700 words
      • Article
        Lock icon Most KL funds underperform NST index
        438 21 MBT THE FIRST six months of the year were relatively profitable for participants in unit trusts in Malaysia as the performance of all such funds appreciated in value in a rising market. The NST Industrials Index climbed 25.2 per cent to 2,268 points over
        MBT  -  438 words
      • Article
        Trust in Asian funds well placed
        479 21 ASIAN EQUITY FUNDS continued as the top-performing unit trusts last month, according to figures released this week by the Hongkong Unit Trust Association. Figures produced for the association by the Wyatt Co, and reported by the South China Morning Post, confirmed the strong gains
        479 words
      • Article, Illustration
        Pointers from a legendary money manager
        699 21  -  By ANDREA BORCH DIVERSIFICATION is the name of the investment game for legendary money manager John Templeton. Mr Templeton, who has been investing money for almost 50 years, has said that when investors spread funds around industries and nations, they reduce risk and broaden
        699 words
      • Article
        Warrants: premiums and gearing
        346 21 Prices (as at 1 Conversion terms Premium/ (discount) using Expiry Amount ♦.7.89) Optional" Company (m units) Conv Exer Gearing 3 ratio price mSm mm Date mths left C KTang Chuan Hup 16.9 50.2 4.760 1.020 1.00 1.55 2.25 1.55 1 101 1.86 2.02 31.5.90 31.12.91 10
        346 words
    • Executive Lifestyle: Sports
      • Article
        Victor Dunoo still slogs on
        534 22 BOXING BOXING promoter Victor Dunoo has faced many opponents in the ring in his younger and leaner days back in his homeland of Ghana and in his adopted home of Japan. No doubt, he has suffered ignoble knockouts in his career, which started as a
        534 words
      • Article, Illustration
        Lock icon Evander needs a convincing win
        183 22 AFP UNBEATEN Evander Holyfield needs a convincing victory in Lake Tahoe today when he faces Brazilian Adilson Rodrigues if he is to prove he is ready for a showdown with world champion Mike Tyson. It will be the fourth full heavyweight bout for the former
        AFP  -  183 words
      • Article, Illustration
        Elektra to continue electrifying performance
        547 22  -  Oh TMCK With JEROME FANDOR ELEKTRA should run in another ettctrifying performance to win Race 7 in Ipoh today, a Class 4 Dhr A race. Last weekend, the Swift Gun mare short-circuited a Dff C field to win her debut by 1* lengths. Ken Skinner
        547 words
      • Article
        Lock icon England furious over bouncer vote
        403 22 CRICKET AFP ENGLAND were furious after their attempt to limit the number of bouncers in Test cricket had been blocked by a bunch of al-so-rans. The home delegation attracted enough support for a maximum one-per-over rule from the other six Test playing countries. But their
        AFP  -  403 words
      • Article, Illustration
        Lock icon A double-Scotch delight for fans
        592 22 GOLF AFP SANDY LYLE and Brian Barnes made it a day to remember in the £300,000 Scottish Open yesterday. They served up a dou-ble-Scotch to delight the fans with the prospect of the first home win since the tournament was revived three years ago. Lyle
        AFP  -  592 words
      • Article
        Lock icon Berger to replace Prost
        166 22 RACING AP GERHARD Berger, an Austrian who finished third in the Grand Prix driver standings last year, will replace Alain Prost on the McLaren team beginning next year, McLaren officials said. The announcement, made on the eve of the first qualifying session for the British Grand
        AP  -  166 words
      • Article
        Lock icon Sutton shares lead with Simpson
        293 22 AP HAL SUTTON, fighting to regain the form that brought him seven victories in his first five years on the PGA Tour, shot a 7-under-par 64 yesterday that tied him with Tim Simpson for the first-round lead of the Anheuser-Busch Golf Classic. Sutton and Simpson
        AP  -  293 words
      • Article, Illustration
        Lock icon Sabatini moves into semi-finals in Gunze
        918 22 TENNIS AP WORLD number three Gabriela Sabatini of Argentina beat Helen Keleai of Canada in straight sets in Japan on Thursday to move into the semi-finals of the U*****,000 Gunze tennis tournament. The 1988 Virginia Slims Championships winner brushed aside the 18th-ranked Canadian 6-0,
        AP  -  918 words
      • Article
        Lock icon Ben Johnson's world record may still stand
        175 22 ATHLETIC AP ADMITTED steroid-user Ben Johnson s 100-metre sprint world record stands under the present rules of the International Amateur Athletics Federation, an Austrian newspaper said. The daily Kronen Zeitung said lAAF lawyers in London have established that, under the federation's present rules,
        AP  -  175 words
      • Article
        Lock icon Tebaldi beats fellow Italian to win 12th stage of Tour
        525 22 CYCLING AFP VALERIO TEBALDI, who triumphed last year after a marathon break of over 200 km, repeated the performance in Montpellier on Thursday when he won the Tour de France 12th stage from his fellow Italian Giancarlo Perini. Laurent Fignon
        AFP  -  525 words
    • Executive Jobs
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        Best treatment from financial sector
        287 23 PERSONNEL managers. Also known as human resource managers in many companies or, not so commonly, employee relations managers. A job by any name that covers recruitment and manpower planning in the main. In small and medium-sized firms, the functions would probably extend to training and
        287 words
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        PEOPLE IN BUSINESS
        180 23 AS PART of its expansion plans for the Asia-Pacific region, Holiday Inns International has promoted four senior staff. Mr FRANCIS YAN is now regional vice-president (development). Mr KENNETH LAU is regional vice-president (finance). Mr ROBIN SPEARMAN is regional vice-president (human resources) and Mr ROBERT WILSON is regional
        180 words
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        Reluctant to leave their shangri-la
        1122 23  -  It pays to work at award-winning Shangri-La in many ways, even though in terms of monetary rewards, it is not head and shoulders above the pack, reports SHOEB KAGDA. Wfammm, SHOEB KAGDA WHEN Shangri-La opened its doors to the world in 1971, the hotel took
        1,122 words
      • Article, Illustration
        Growing together for 20 years
        420 23 HE WAS only 17 and Shangri-La Hotel was only six storeys high. That was in 1969 when Larry Batchelor first joined the hotel as an office boy. Now 20 years later, Mr Batchelor is the assistant manager and Shangri-La has three buildings housing some 821
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      120 14 FOR THE NEW COMPANIES MAKE Companies make news because they make profits or losses for you. The Business Times* COMPANIES NEWS pages are very widely read. We reveal the latest deals in town, profile the movers and shakers behind them and summarise corporate events in the world's major markets. We
      120 words
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      26 15 FAVRE LEUBA 17)7 Master Watchmakers since 1737 Geneva 0m ik y tModel Generation t. e* --v.. eration to Generation since 1737. SP^mr f kk*\s*<4vi•£; *> 1 MMMWt
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  • Page 15 Miscellaneous
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      1243 15 SATURDAY BBC 88.9 mHz in VHF Band II BAM Newshour. 7.00 World News. 7.09 Aspects of Revolution. 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 Women of the French Revolution. 9.45
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      179 16 COURVOISIER VS.O.P-WHttC l( I Nil I lAIN ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM For between $26++ and $40+ you can select from our appetiser CjKILL buffet including seafood, smoked salmon and oysters. Choose from many
      179 words
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      198 16 Knjoys the Best ol Iwo of Id Jk <r\ Vi *1 "x rs /;*£-.i W JoBfe r- mi i/ Coffee rot ii. ,■>>. /Hi '< s 1 <' )|»cn dail\ Moil(la\ I ***** Stl.l\ StIIHKIX a.m. to 1 a.m. I'i'ida\ i\ Saiurclax a.m. to I .-I.) a.m. <3& I*l IMO
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      153 16 stSXlsMtoodJSJtSurirlt TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CALIFORNIAN BUFFET BRUNCH DELIGHTFUL HOT ANO COLD DISHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOD EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE FAMILY SUNDAYS ONLY!
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      271 16 SUNDAY FAMILY LUNCH 5 m i: 30*- Bring the family for a fabulous meal of fresh seafood and Chinese dishes from our a la carte menu. At a generous 25% off the bill. "T' r But only on Sundays between 11.30 am and 2.30pm. And for a limited period. fW;
      271 words
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      169 16 MINGLE WITH AMERICA'S GREATS AT THE BELVEDERE fV ■s* r r: sr.. tA*,',-"'- v- Discover the Taste of DiHerence Hong Kong Dian Xin 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
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      195 17 r <• Eveey Sunday Theme's A Family Feast In The Park. At the Hubertuj Grill, Sunday brunch it a great outing for the family. A glorious buffet spread ia laid out for both grown upj and children. And to make jure the kidd are truly entertained, there j an exciting
      195 words
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      26 17 QUALITY 1? 0 Prestige De La France Courvoisier is the only cognac house ever, to receive France's Highest Award for Quality. KM V;*' 4 COGNAC COURyOISIER.
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      85 17 Hj t-M $.1 Jx m uciv' [TTT^EZIS MM i"i. At Gourmet Palace, youll discover a tantalising range of glutinous rice balls (An Bau Ling) where there is no comparison. We offer an array of fillings such as sesame, peanut, red bean, yam and durian (seasonal). The popularity of our speciality
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      27 18 'iy 5J2& V if, isi •»u "-3 3ZZ■a£S3&&. f 'v /m&S/J, 5^5 ss£s 5*5 KR-IZIAJC/W© KRIZIA BOUTIQUE 127 129 TANGLIN ROAD, TUDOR COURT SINGAPORE 1024. TEL: *****41
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      435 20 REQUIRED READING SINGAPORE BUSINESS YEARBOOK 1989 is a must read for corporate executives, managers, entrepreneurs, professionals, young, aspiring executives, and investors who need to keep their fingertips on the pulse of the Singapore business scene. feu jJ .3 .A-F USil i=£iLfc=>Jj ASEAN ECONOMIC SURVEY Challenges Facing Asean Any slow down
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      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
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      192 23 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day We are a well-established corporation with diversified interests in manufacturing and marketing of fast moving consumer products. We require a top calibre person to join us as: BUSINESS MANAGER The ideal person is expected to manage a number of businesses
      192 words
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      Page 23 Advertisements Column 2
      207 23 Sanwa Singapore Limited SSL Investments Services Division requires independent, self-motivated and experienced individuals to fill the following challenging and rewarding positions. Manager The incumbent will oversee the operations of the Japanese Eauities Broking Division. The likely candidate should have tertiary education and possess good interpersonal and communication skills. He/she should
      207 words
  • Page 23 Miscellaneous
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      815 23 CRYPTIC PUZZLE ACROSS 9 The air going through it all the time (5, 4) 10 Nowl There, there! (2. 7) 12 To catch or to trap a duck (4) 13 Be responsible for a capital loss (6) 14 Impression made when the rip-off in the mint comes out (7) 15
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      103 24 A cool, classic dress that flatters with its simple, elegant cut That's St Michael's fresh, new look this season With an overlap bodice that drapes softl/ over a swirly. gathered skirt The easy care 100% polyester dress comes with a matching belt. Add a touch of colour with a 100/b
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  • Page 24 Miscellaneous
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      610 24 The week's movies Veadetta for the Saint, Today. 10.30pm, SBC 5 Roger Moore returns in one of his older flicks as Simon Templar. As The Saint, he is caught up in a one-sided war with the Mafia in Sicily. Probably without his Volvo, too. Ian Hendry, Aimi MacDonald and Rosemary
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      Page 24 Miscellaneous Column 2
      1359 24 SATURDAY C: Chinese; T: Tamil; M: Malay; r repeat SBC 12 7.30 PM Opening and Programme Highlights followed by Bodywatch Headaches. People around the world suffer from headaches, severe enough to prompt them to seek a doctor's cure while millions more suffer in silence. This programme distinguishes among the many
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      Page 24 Miscellaneous Column 3
      190 24 Our choice i Native Walek. Today, 6.30pm, SBC 5 The otter, penguin and aeal display unique qualities, both in captivity and in their natural habitats. Their birth, migration and survival techniques are captured on film. Leal, Today, 11.10pm, SBC 12 Centrestage presents a poignant story about a 12-year-old preparatory school
      190 words