The Business Times, 5 August 1989

Microfilm: NL16694
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, August 5-6 1989 75 CENTS
    12 words
  • Article
    American unemployment rate fell in July though job growth slowed
    339 1 THE US unemployment rate fell slightly to 5.2 per cent in July from 5.3 per cent in June aa the pace of job growth slowed, the US Labour Department said last night In the first indication of July's economic activity,
    339 words
  • Article
    American film producers size up S'pore's potential
    509 1  -  AMOYA PRODUCTIONS PUNS TO FILM A USsl2m THRILLER HERE By JOHN TAN A GROUP of American film producers visited Singapore last month to assess the movie-mak-ing potential and to seek financial backing for their films. The six producers met Economic Development Board chairman
    509 words
  • Article
    S'pore prepared to host some US facilities to ease Manila's burden
    492 1 SINGAPORE is prepared to accommodate some US fscilities in a move to make it easier for the Philippines to continue to hoet US bases there, Parliament was told yesterday. This is part of the larger consideration of keeping the
    492 words
  • Article
    Amendment to extend caning to employers of illegal workers
    489 1  -  By SHOEB KAGDA THE GOVERNMENT is extending the mandatory caning rule to include employers who knowingly employ illegal workers, and traffickers of such people under an amendment to the Immigration Act. Introduced in Parliament yesterday by Home Affairs and Law Minister
    489 words
  • Article
    Lock icon DOW JONES
    38 1 AP THE NEW YORK stock market opened higher yesterday, responding to a stronger-man-ex-pected report on the employment situation. The Dow Jones average of 30 industrials rose 6.26 to 2,667.87 in the first hour of trading. AP
    AP  -  38 words
  • Article
    Lock icon FOOTSIE
    40 1 AP LONDON share prices were stronger across tha board in brisk trading around midday yesterdey. apurrad by aavarai takeover rumours. At 1107 GMT, tha Financial Times-Slock Exchange 100-share Index was up 17.2 points (0.7 par cant) at 2323.5. AP
    AP  -  40 words
  • Article, Illustration
    S'pore, HK markets close lower
    238 1 SHARE PRICES in and Singapore doped Jower yesterday on rumour* that the health of Chinee* leader Deng Xiaoping was falling. A rally in Hongkong in the morning was put to a halt when prices fell sharply on rumours that China's Deng was seriously ill. Ths
    238 words
  • Article
    FINANCIAL NEWS SUMMARY
    149 1 Mtfay TT tiitunljli hi Jin 1349.It (-10-53) •T Comp M>o Max *****2 (.1140) NST MiaMd Mox *****6 (-11.32) HK Hang Sang Indox 2579.07 (-5541 nL n A »0>7v rIKKW AWrO^I *****.99 (-3742) AW A iil i it i oycnty AH-v/rovxinti 1670.9 (+4.1 Now York (Dow Jonot) *****1
    149 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      238 1 /"@/("[=:,`|,{{^\^!<-_?<]?.+_"- Those table habits we love to hate Page One Proven performers count more Page Two The up and coming stars of Graves Page Four A taste of life in the Aussie bush Page Fhre The earth itself Page Seven Warrants gaining much popularity Page Eight Financial managers see good
      238 words
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      Page 1 Advertisements Column 2
      0 1 \+!^{@!,@?)(-;>:/,,=$'{!]&\^*^.
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  • YESTERDAY IN PARLIAMENT
    • Article
      New development charge system
      407 2 Approved Bill introduces simpler way of computing levy THE BUILDING industry's unhappiness over the present development charge system has led to the introduction of a revised system. The amended system, aa incorporated in the Planning (Amendment No 2) Bill. 1969, waa approved by Parliament when the
      407 words
    • Article
      New URA to be mainly urban planning agency
      328 2 THE NEW AUTHORITY that the Urban Redevelopment Authority Bill 1989 seeks to set up will be primarily an urban planning agency, the Miniater for National Development said when he moved the bill through its second reading yesterday. It will be an amalgamation
      328 words
    • Article
      Select Committee on land transport issues proposed
      177 2 A SELECT Committee to hetr more public viewa on land transport waa proposed in Parliament yesterday. The chairman of the Communications and Information Qovsrnmsnt Parliamsntary Committee Dr Hong Hai, who introduced the motion, said he had chosen the format of a Select Committee
      177 words
    • Article
      S'pore will still import water
      186 2 SINGAPORE will continue to import water from Johor aa It ia more economical to do ao, said the Minister of Trade and Industry, Brigadier-General (Res) Lee Hsien Loong. Replying to s question from Chin Hern Tong (Aljunisd GRC), BG Lee said that although Singapors hss
      186 words
    • Article
      Law against secret society elements and drug traffickers extended
      323 2  -  Reports by ZHOUMEI, MARTIN SOONG, SHOEB KAGDA PARLIAMENT yeeterday extended the Criminal Law (Temporary Provisions) (Amendment) bill,for another five years. Debating the bill's second reading, Law and Home Affairs Minister Professor 8 Jayakumar said the bill which provides tor detention without
      323 words
    • Article
      SHIPS IN PORT
      1433 2 AT CONVENTIONAL WHARVES Dynasty 1 Mati Joyo MoMcoto Exp Uni Ocbom 02/89 *****9 nypfp 10-89 12A/89 M4A 050* 0600 060* 0600 M2A 060* 0600 060* 0500 MIC 060*0600 060*0800 MSB 060*0700 060*0600 MIC 040*2100 050*0700 wnarr Atoaondr Pus Rofyvmjhon Dririn Fongloi JtrtSOfl Koto Pusoko Koto lore Mount
      1,433 words
  • HOME NEWS
    • Article
      Conventions, exhibitions held in Singapore up 24pc last year
      191 2 THE NUMBER of conventions and exhibitions held in Singapore jumped by 24 per cent laat year over the previous year. But that is no reason tor the industry to get complacent, Singapore Tourist Promotion Board chairman Lim Chin Beng said yesterday.
      191 words
    • Article
      More town councils gazetted
      118 2 THE second batch of town councils wis gazetted yesterday under Phase 2, bringing the total number of gazetted town councils to 15. The three town councils gazetted were Eunoe, Jalan Besar and Jurong East The Eunoe town council will cover the Eunoe Group Representative Constituency. The
      118 words
    • Article
      Tandem to invest US$21m
      429 2  -  By SANGEETA MULCHAND FUELLED by the economic growth rate in the Pacific Baein, US computer firm Tandem Computers will invest US$2l.5 million in Singapore between now and 1981 to service the region. Kicking off the investment programme is an immediate plan to set up a Systems
      429 words
    • Article
      PSA to spend $3.7 million on a new training centre
      384 2  -  By JEAN FOONG THE PORT of Singapore Authority (PSA) is spending some $3.7 million on the new Singapore Port Institute (SPI), with another $4.8 million allocated tor its training budget this year. The SPI, to be established next year, la
      384 words
    • Article
      IBM plans $350,000 advertising blitz
      202 2 IBM SINGAPORE will launch a $360,000 advertising blitz nsxt wsek to win the hearts snd minds of its customers snd employees, said the company's managing dirsctor, John Wong. Past campaigns have mainly been product advertisements, msking ths coming campaign Its first in corporate image campaigns.
      202 words
    • Article
      Challenger's celebrations for PC users
      94 2 LOCAL computer company Challenger la celebrating ita sixth anniversary with a bash today for all uaera of personal computers. For the occaaion, at ita "superstore" at Funan Centre, the company haa lined up 100 prizea worth $16,000 that will be given away. Theee range from
      94 words
    • Article
      SDP suggests 50-50 racial balance for Singapore
      241 2  -  By JAYARAM MENON SOCIAL Democratic Party vice-chairman Mr Jufri Mahmood last night suggested that Singapore's racial balance be "fifty-flfty" 50 per cent Chineee and 50 per cent the minorities. This, he maintained, waa a better balance than the government's policy of maintaining the
      241 words
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  • FOREIGN NEWS
    • Article
      Lock icon Fall In number off private businesses in China
      390 3 Reuter THE NUMBER of private businesses in China has fallen for the first time since 1961 after bitter attacks In the official press seen as a government attempt to exploit public redantrrfent of affluent entrepreneurs. The Farmers Daily reported yeaterday that, at.
      Reuter  -  390 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1058 3 ARRIVALS Operator «*—.1- JwrVtCB number Mm* From MAS MAS SU MH7240 MH75A SQ011 0025 0035 0040 KCH tax LAX/NtT MAS CAL SA SA MH601 0333 SQ401 SQ409 0130 0405 0555 0610 KUL TPE CMS MAA MAU SU MK748 SQ023 0725 0755 MMJ AMS/IOM SVA KAL MAS SV398
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    • Article
      Lock icon Domestic consumption to spur Seoul economy
      185 3 Reuter SOUTH KOREA is turning to domestic consumers to spur its economy becsuse exports could fell short of government expectstions. the deputy trsde minister ssid yesterday. Kim Chul-su told reporters that trading firms would be lucky to realise the government's forecast of US$6B billion
      Reuter  -  185 words
    • Article
      Lock icon Seoul denies report on visit to North
      435 3 AP THE SOUTH KOREAN government yesterday denied reports that a cabinet minister had twice vieited communist North Korea for secret talka on unification and eeaing tension on the divided Korean penineuia. The nationwide MBC televiaion reported on Thursday that Park Chulun, first state
      AP  -  435 words
    • Article
      Lock icon Italy drafts aid plan for slime-hit Adriatic
      139 3 Reuter THE ITALIAN government on Thursday proposed emergency aid of US$OOO million for businesses crippled by slimy algae that has invsded the Adriatic Sea. Thousands ot tourists have cancelled holidays on the northern and central Adriatic beaches since July, when slimy rotting slgae
      Reuter  -  139 words
    • Article
      Lock icon Peru posts US$870m first-half trade surplus
      178 3 Reuter PERU posted a U*****.5 million trade surplus In the first half of 1960, compared with a U*****.7 million deficit in the same period last year, preliminary figures prepared by the official Foreign Trade Institute (ICE) showed. The reversal was mainly due to a
      Reuter  -  178 words
    • Article
      Lock icon China tries to win back intellectuals
      114 3 Reuter CHINA said yeaterday that it had not changed its policies towsrds intellectuals in a gesture diplomats described as s bid to win back the confidence of scholars frightened by a campaign of arrests and intimidation. "At the moment some comrades doubt or sre
      Reuter  -  114 words
    • Article
      Lock icon 'Japan to transfer technology to EC in response to 1992'
      346 3 MOVE TO AVOID TRADE FRICTION FT JAPANESE COMPANIES will respond to the 1992 economic integration of the European Community by transferring technology to Europe in order to avoid trade friction, aays a report from the Industrisl Bank of Japan. Japanese
      FT  -  346 words
    • Article
      Lock icon Japan-US talks in September
      319 3 AFP JAPAN and the US will hold a first consultation in September on structural problems in both countries' economiee that contribute to their trade imbalance, the Foreign Ministry said on Thursday. The high-level two-dsy talks called Structural Impediments Initiative (Sll) will be held on Sep 4-5
      AFP  -  319 words
    • Article
      Lock icon UK seaborne trade emerges unscathed from dockers' strike
      682 3 Reuter THE three-week-long British dockers' strike, which was called off on Tuesday, appears to have had little impact on Britain's seaborne trade, economists said. Cargoes arriving in and departing from Britain were diverted to working UK and European ports, which firms said
      Reuter  -  682 words
    • Article, Illustration
      Lock icon Zamora's imminent presidency jolts Bolivia's economy
      399 3 Reuter THE IMMINENT faction to the presidency of moderate leftist Jaime Paz Zamora sent shockwaves through Bollvia'a fragile economy on Thursday. Mr Paz Zamora, a 50-year-old former revolutionary turned social democrat, was expected to be voted president yesterday in s congressional run-off and take
      Reuter  -  399 words
    • Article
      Lock icon Think global, Anwar tells Muslims
      492 3 Bernama MUSLIMS can no longer afford to be parochial but must think and act with a global perspective, Mslsysisn Education Minister Anwar Ibrahim aaid yesterday. He said this should not be misinterpreted as a call for subservience, but should be understood as an effort to
      Bernama  -  492 words
    • Article, Illustration
      Manila to firm up foreign investment incentives
      422 4  -  Influx of businessmen from Taiwan, HK and China By AL O LABITA Jr THE Aquino government Is set to consolidate its investment incentive programmes to bring the Philippines on s per with Singepore and other Asian countries in drawing in mors foreign capital.
      422 words
    • Article
      Lock icon Closure of Pakistani foundries blamed on politics
      315 4 FT PAKISTAN'S biggest private-sec-tor steel and engineering group has been forced to close its foundries and lay off half its workforce, accusing the government of "a deep-rooted and sinister conspiracy motivated solely by political vendetta". Shehbaz Sharif, chief executive of the Ittefaq group,
      FT  -  315 words
    • Article
      Lock icon India wants to review treaty with Nepal
      315 4 AFP INDIA wants to review the functioning of its 1950 peace and friendship treaty with Nepal, but is not seeking to change the treaty itself. External Affairs Minister PV Narashima Rao told Parliament's Lower House on Thursday that the operation of the treaty
      AFP  -  315 words
    • Article
      Lock icon Uganda, India sign barter trade agreement
      167 4 AFP UGANDA and India have signed a U5552.5 million barter trade agreement under which Tata Vehicle Manufacturers of India (TVM) will supply 1,500 trucks in exchange for 42,000 tonnes of coffee, sources in Kampala said on Thursday. The agreement, which is to be implemented
      AFP  -  167 words
    • Article
      Lock icon Teheran and New Delhi settle dispute over US$250 million loan
      199 4 Reuter INDIA on Thursday settled a 12year dispute over a US$25O million debt to Iran and agreed to supply iron ore to Iran for 15 years, Teheran Radio reported. Iran made the loan to India before the Islamic revolution to
      Reuter  -  199 words
    • Article
      Lock icon Opec production 9pc above quota in July
      466 4 FT THE 13 MEMBERS of the Organisation of Petroleum Exporting Countries were producing an average of 21.3 million Parrels a day in July, some 9 per cent more than their self-imposed quota, according to the Parisbased International Energy Agency. In its monthly oil
      FT  -  466 words
    • Article
      Lock icon Samphan calls for unity among resistance
      268 4 Reuter THE KHMER ROUGE, accused of attempted genocide against its own people when it ruled Cambodia, says it is assured of international support, and cited the need for unity among the country's anti-Vietnamese factions. "We hold that unity of the three resistance factions is
      Reuter  -  268 words
    • Article
      Lock icon Leaked report said to urge more sanctions against S Africa
      419 4 Reuter A BRITISH newspaper on Thursday published what it said were excerpts from a leaked report commissioned by eight Commonwealth foreign ministers recommending a minimum package of additional sanctions against South Africa. The Guardian said the proposals by independent researchers
      Reuter  -  419 words
    • Article
      Lock icon NAM needs streamlining, says Alatas
      174 4 Reuter INDONESIAN Foreign Minister Ali Alatas says the Non-Aligned Movement (NAM) must streamline itself to adapt to global economic trends. "There are a number of new trends in global relationa," Mr Alatas told reporters on Thursday during a visit to Yugoslavia. "Some are positive. But
      Reuter  -  174 words
    • Article
      Lock icon Timor gap issue to be resolved this year
      327 4 AFP NEGOTIATIONS on joint In-donesian-Australian exploitation of the potentially oil-rich Timor gap area are expected to be concluded this year, Australian Resources Minister Peter Cook said in Jakarta yesterday. "Minister Ginanjar and I have both said that we hope to conclude (the
      AFP  -  327 words
    • Article, Illustration
      Lock icon Thailand to brief Paris meeting on camp
      401 4 AFP THAI DEPUTY Foreign Minister Prapass Limpabandhu said Thailand would report to the Paris conference on Cambodia on the situation at Site 8 Khmer Rouge refugee camp, which came under artillery fire from Cambodia in June. Mr Prapass, who visited the sprawling camp
      AFP  -  401 words
    • Article, Illustration
      Lock icon De Klerk outlines the limits of S African race-law reform
      344 4 Reuter THE MAN likely to be South Africa's next president, F W de Klerk, on Thursday outlined the limits of the apartheid reform that has become a rallying call of his campaign in elections ending on Sep 6. "Things must
      Reuter  -  344 words
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      54 4 Global tamporaturas on Aug 3 Singapore OUTLOOK: th«w«ra OVM MWfll MM I® Igpoit foe 24 hours prior to 7Mpm on Aug 4 at Iho Madrid Manila Moxlco CHy fc.l fN-M-t nfw uwhii Now York Nicosia Otto Porta Porth Rio 'Janoiro Romo San Fris'co San Juan Santiago Soowi Sydnoy Tolpo) Tokyo
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    • Miscellaneous
      Page 4 Miscellaneous Column 2
      70 4 Doonesbury 90 UJHAT TH£ H&LL HAPPGNEP, PUKB* I SeNP you TO CHINA 70 GZTMZA F&&OM FT6MER, J ANDVOUBRJN6MZBAZKA I <^4AasoeiAMSurr! r 0O9&, m? JUST JST LA6! I CAN TUKN HCR AROUNP! Give M£ AF&U QMS, ANPJXI HAME HOUHANKTN6 KXJCNSV&W TALKSHOU) INTHB GXJNTRf!^ \VB? "V WA 8-9 BY GARRY TRUDEAU YOU
      70 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Mexican concessions will not be repeated: Citibank president
      290 5 AP CITIBANK president John Reed said on Thursday that concessions made by creditor banks in an accord with Mexico will not be repeated for other debtor countries. The US banker made his comments at a Chilean-Ameri-can Chamber ot Commerce meeting in Santiago.
      AP  -  290 words
    • Article
      Lock icon Ferruzzi drops lawsuit against CBOT over soybean order
      158 5 AP AN ITALIAN grain company has dropped its lawsuit challenging a Chicago Board of Trade order that may have prevented the company from cornering the US soybean market, exchange officials said on Thursday. But the Italian company, Ferruzzi Finanziaria, said its withdrawal
      AP  -  158 words
    • Article
      Lock icon UK banks' Third World debt provisions seen behind weaker sterling
      512 5 Reuter THE NEED for the major UK clearing banks to cover currency exposures arising from their recent Third World debt provisions has helped to weaken sterling on the foreign exchange markets, London dealers and analysts said. They said the UK
      Reuter  -  512 words
    • Article
      Growth of insurance industry's premiums slackens
      521 5  -  Drop in claims more than offset slower growth By SOH TIANG KENG Singapore s general insurance industry recorded a slower growth in premiums earned from its domestic and offshore business during the first quarter of this year, latest figures released by the Monetary Authority
      521 words
    • Article
      Lock icon Plan for a convertible Soviet rouble proposed
      245 5 FT A NEW five-phase plan to transform the Soviet rouble into an internationally convertible currency and draw the Soviet economy into world marketa waa propoaed on Thursday by a group of Soviet and Weatern economista. Their plan, prepared at the instigation of the
      FT  -  245 words
  • COMMODITIES
    • Article
      Lock icon Wheat
      133 5 Reuter CBT SOFT RED winter wheat futures closed lower on Thursday, pressured by late commercial and commission house selling in sympathy with losses in com and soybeans, floor sources said. The selling overpowered aggressive early buying by exporter Continental Grain, which bought nearly 10 million bushels spread among September,
      Reuter  -  133 words
    • Article
      Lock icon Soybean
      145 5 Reuter CBT AUGUST soybeans closed sharply lower on Thursday after being hammered by a mix of commercial and commission house selling triggered by recent sharp drops in cash prices, floor sources said. All contracts blasted to new contract lows, with new crop futures off on torecasts tor favourable weather.
      Reuter  -  145 words
    • Article
      Produce Prices
      199 5 Chinese Produce Exchange Suitors' noon dosing prices on August 4 (SI/100 kg) Coconut oil Mk FOB 96.00 Old drum FOB 106.00 Now drum FOB 110.00 Copra Mixed (loos*) 54.00 sellers Pepper L i itile» rnunron wihii FOB NIW 497JO Sarawak white FOB foq NIW 487.50 Sarawak special blade
      199 words
    • Article
      Rubber
      362 5 SINGAPORE: Rubber prices closed slightly easier yesterday, with September 1 RSS buyer quoted at 174.00 cents a kg, down 0.75 cent from Thursday's dose. Dealers said speculative pre-weekend covering interest in the afternoon helped pricee recover partially from early falls. Trading was thin with sentiment uncertain. On the TSR-20
      362 words
    • Article
      Lock icon KL Tin
      141 5 Reuter THE KUALA LUMPUR Tin Mattel (KLTM) pries M 10 mm to doM M MS2S.It a kg yiSwiai on lack of demand follawlng slightly tower bMi of SS toanoe M■Mfr igilMl odors of 00, Ths Loadoa Matal behaags's (LME) ahorp MM during die KLTM'a doww for a local
      Reuter  -  141 words
    • Article
      Lock icon Crude Oil and Products
      149 5 Telerate HSFO prices were nationally weaker due to the general belief that suppliea in 2nd-half Aug were ample. 2nd-half Aug CST--180 sellers were at $88-0 mt fob Sing and buyers were heard at $84-8 mt fob Sing. 33,000 mt of Aug CST-180 was sold by a
      Telerate  -  149 words
    • Article
      London markets
      260 5 London Commodity Exchange Buyer/Seller closing prices on Aug 3 (£/tonne unless specified). Previous closing prices in parenthesis. CoffM Basis in-store London, sellers option CIF London Sop 762/763 (760/762) High/Low 768/752 Nov 771/772 (766/767) High/Low 775/758 Soles (2973) Cocoa Sep 875/878 (887/888) KRgh/Low 890/874 Dec 935/936 (842/843) Ugh/Low 952/931
      260 words
    • Article
      RAS and MRELB
      292 5 RAS prices m s c wita/kf, FOB In bate NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 174.00 175.00N 174 JO 175 JON Int 1 RSS Sep 173.50 174 JO 174.00 175.00 Int 1 RSS Oct 175.00 176.00 175 JO 176 JO bit 2 RSS
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    • Article
      SSR and SMR
      80 5 (caMi/kg) SEPTEMBER 1989 OCT ORES 1989 (currant month) (forwoi rd month) RAS NOON »wy«M S*M*n NOON SiHvn SSB 20 149.00 151.00N 150.00 152.00N SSI 50 147.00 I49.00N 148.00 150.00N MRELB luyart S#M#n bytn t SMI cv 226.00 228.00N 228.00 230.00N SMS L 227JO 229.50N 229JO 231 JON
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    • Article
      Precious Metals
      349 5 HONGKONG: GOLD cloeed little changed yesterday, despite profittaking by Japanese traders, in thin quiet trade that followed US dollar movements closely, dealers said. They said many traders were sidelined ahead of yesterday's releaae of US jobs data for July and rumours that the health of China's leader Deng
      349 words
    • Article
      Lock icon Palm Oil
      513 5 Bernama MALAYSIAN CRUDE PALM OL FUTURES closed easier in quiet trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said sharp decline on the overnight Chicago Board of Trade (CBT) and buyers' reserve prompted operators to sidelines. There were no other factors to stimulate activity and traders were
      Bernama  -  513 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon CME to tighten trade practices, surveillance
      461 6 MOVE FOLLOWS INDICTMENT OF 24 MEMBERS Reuter THE CHICAGO Mercantile Exchange answered the indictment of 24 of Its members with an array of new rules to fight trading abuses and restore its image as an honest marketplace. Leo Melamed, chairman of the CME executive
      Reuter  -  461 words
    • Article
      Forex markets
      1526 6 SINGAPORE: THE US dollar opened firmer here on short-covering in New York, STG weakness and tension in the Middle East Strong buying interest in the morning was triggered by large-scale security firm buying ahead of the US Treasury auction next week. The dollar later rose slightly above 138.00
      1,526 words
    • Article
      Comex gold/silver futures
      81 6 Silver futures on August 3, 1989 5,000 troy ouncw, US cants par troy ouncs OpM High Lav MN Aug 331.00 531.00 331.00 339.60 7.10 S«P 333X0 33*00 523 50 333.30 7.00 Oct 337.30 7.00 0* 538 00 ***** 534.00 343.30 7.10 Jon 90 344.30 7.10 Mor 548.00
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    • Article
      Lock icon Asian dollar market
      257 6 Reuter ASIAN DOLLAR DEPOSIT rates ended slightly higher efter light trading yesterday. deslers said. Rata* flrmad due to a decline in US bond pricea and the Federal Reserve's continued drain of reserves from the banking system through overnight matched sale-repurchase agreements. One and three months closed at
      Reuter  -  257 words
    • Article
      Lock icon Simex
      513 6 BA Futures SEPTEMBER EURODOLLAR FUTURES opened 4 ticks lower than previous Simex cloee st 91.76 on profit-taking and position squaring ahead of last night's release of the unemployment data. Trading was cautious as dealers refrained from taking positions ahead of the data. The September contract ranged from 91.74 to
      BA Futures  -  513 words
    • Article
      Lock icon IMM
      303 6 Reuter IMM CURRENCIES finished mostly weaker on Thursday but above the day s lows after a nervous session marked by spurts of active trading. Prices slumped to lows on profit-taking and safehaven buying of dollars amid rumours that another US hostage was killed by a pro-Iranian group in Lebanon.
      Reuter  -  303 words
    • Article
      Money markets
      58 6 THE overnight rate on the Singapore money market closed 8/16 point higher at 5 1/4 per cent yesterday Term ratee roee 1/10 point acroes the board. S$ Irtf erbonk rates at Hm dot* yesterday: OffB MO OwvtLi S 1/4 S l/» 3 1/1* 4 1 J/16 2mm0» S
      58 words
    • Article
      Government Securities Market
      124 6 Treat my bill* Period Issue Y< isterday's ch Dsing Day's code Maturity MD < Dm HK3H LOW 3 HK»Hh» BQ*****H 2.11.89 4.03 3.98 3.96 6 iwmntw BS*****V 1ft.01.90 441 3.96 44)1 3.96 1 yeor Qovei 8Y*****F 24.05.90 rnm«ni no|M and bondt 4.12 1 4SSI m 4.11 4j08
      124 words
    • Article, Illustration
      World interest rates
      157 6 Interbank market rates (offer/bid) on August 4' us$ DM SWFC Y«n 7 dayt 7/» 3/4 13 IS/1* 13/1* 7 7/a 7J/4-7I/I 5 S/1* 3/1* 1 nil IV*— II/I* 13 7/a 13 3/4 15/1* 13/1* J/1* 3/1* S S/1* 3/1* 3 ♦/>* 7/1* 13 7/* 13 3/4 IS/1*—13/1*
      157 words
    • Article
      Options
      1289 6 CURRENCY FUTURES OPTIONS Friday, August 4, 1989 DEUTSCHEM UK (M «X) Lav •ap MM* M p* Lav S3 53 54 JATAtCIf T EN (Mi BO 25 34 110 —9 ■*1 •M iMpa 75 BUTTON POO I MM Thursday, MD QMM ossk kugust 3, 1989 i par K 353 CM
      1,289 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Boosting KLSE volumes: the longer-term solution
      526 7 THE I hocklock siew THE RUMBLINGS from across the CauMway for a total split of ths two exchanges are growing louder. Just a few days ago, the •Kuala Lumpur Stock Exchange took Its most concrete step by handing over to the Malaysian Finance Ministry
      526 words
    • Article, Illustration
      S Maritime profit up despite lower salvage income
      558 7  -  By KEVIN GWEE IN SPITE OF reduced income from its salvage business. Sembawang Maritime Ltd (SML) has managed to maintain its profit at the half-way mark. SML returned a marginal increase of 6.7 per cent in group after-tax profit of $4.59 million
      558 words
    • Article, Illustration
      Lock icon KLSE lobbies for split with S'pore
      554 7 SALLEH'S STATEMENT SEEN AS TESTING CLIMATE OF OPINION Reuter PRESSURE to delist Malaysian aharee from Singapore'e stock exchange ie growing aa Malaysian brokers complain they are toeing busineea to Singapore. The Kuala Lumpur Stock Exchange's general manager, Mohamad Salleh Abdul MajkJ. told reporters last
      Reuter  -  554 words
    • Article
      Robinson and SingRe join list of CPF approved stocks
      365 7 THE CENTRAL Providsnt Fund has updated Its list of trustes stocks under the CPF Approved Investments Scheme. From todey, ths list will Include two more stocks Singspore Reinsurance Corp Ltd end Robinson Co Ltd Howsvsr, Hotel Msrco Polo Ltd's trustee ststus
      365 words
    • Article
      VDH signs $22.5m loan package, plans flotation of Indian venture
      544 7  -  ■y ROSIE TAN ENGINEERING GROUP Van der Horst has signed a $22.5 million loan agreement with four banks, a move that will ease the group's cash flow and allow it to taks on new busiThe loan agreement which was signed
      544 words
    • Article
      Lock icon Roxy gives details of provision for loss
      340 7 Bernama ROXY ELECTRIC Industriee (M) Bhd has provided details of its provision for loss snd doubtful debts smounting to MssB million. In a reply to the Kuala Lumpur Stock Exchange, Roxy said a total of Mss3 million waa provided for the llabilltiee of
      Bernama  -  340 words
    • Article
      Wepco sells 25pc stake in Chem-Solv Technologies
      143 7 SESOACM I sted Wah-Chang Electro-Plating Ltd (Wepoo) has sold Its 2S par cant staka In Chem-Solv Technotogiaa tor 11.46 million. Wapco said tha dkapoaal of Its staka in Chem-Solv, a toxic-waate management company, will enable mora financial and managamant reeourcee to ba channailad
      143 words
    • Article
      UOB units improve results
      405 7 THREE publicly-listed subsidiaries of the United Overseas Bank group yesterday announced generally better interim results for their 1966 financial year. Industrial Commercial Bank Ltd, which became a subsidiary of UOB in September 1967, reported a 46 per cent Jump in net group profit to $11.2 million
      405 words
    • SES
      • Article, Illustration
        Reports on Deng's health send prices falling
        1116 8  -  by JOSEPHINE CHAN RUMOURS OF the failing health of Chinese leader Deng Xiaoping set investors on a selling spree on the local exchange yesterday aftemdon. Falling stock prices in Hongkong and unconfirmed reports of Mr Deng's critical condition as a result of prostate
        1,116 words
      • Article
        Unit trusts
        338 8 Manogen' prices Royal Trust Sec Asia for Aug 5 7 IT S'por* Gr Fund 0M5 088 r Asia-Foe Gr Fund 109 1.135 Singapore Unit Trust OCBC-SIMBL Investment TH* Cum—re* I.U 123 Savon Coprtol Fund 106 MO TH* Saving! Fund 1.04 1.10 Sav*n Trutt Fund I.0S 109 S'por* Prog
        338 words
      • Article
        COMPANY MEETINGS
        54 8 SINGAPORE AIRLINES LTD: 17th AQM at the Bencoolen Room, 4th Level. The Westin Stamford Westin Plaza. 2 Stamford Road. Singapore 0617, tomorrow at 11.00ani.' HARRISONS MALAYSIAN PLANTATIONS BERHAD: 13th AGM at the Kelantan Room. Basement 2. Shan-gri-La Hotel. 11 Jalan Sultan Ismail. ***** Kuala Lumpur, on Aug 9.
        54 words
    • Article
      SES SHARE INFORMATION
      6067 8 1*M Mgh Low Tol Codo Company Loot Solo AUG 04 +orVol r*tt) High** Low LaatOa Buyer 6 Qr*a Dhr ON C*VT Gr's VH Nat WE MCjjP 284 46* 87* 66 183 72 96 18 58* 87 110 86 71 90 84 72 146 242 170 98 73*
      6,067 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices broadly lower
        3310 9 MBT DEBPITE a steady start the Kuala Lumpur slock markat gave In to sailing pressure yesterdsy and shsrs prlcas retreated acroee the board In fairty brisk trading. Dealers said the lata bouts of profit-taking stemmed from rumours of adverse development in China. The aasiar sentiment WM
        MBT  -  3,310 words
    • REGIONAL MARKETS
      • Article
        Lock icon E & W working to rescue four ailing M'sian firms
        457 10 E W working to rescue four ailing M'sian firms LISTED TROPICAL VENEER AMONG CLIENTS Bernama ACCOUNTINQ FIRM Ernst and Whinney's insolvency and investigations department is currently engaged in four assignments involving the reecue of ailing Malaysian companies. The companies include Tropical Veneer Company Bhd (TVC), another public-listed manufacturing company, a
        Bernama  -  457 words
      • Article
        Lock icon Japanese underwriters studying new rules
        185 10 Reuter JAPAN'S organisation of bond and share underwriters, Sogoshokenkai, is studying whether to adopt rules covering private share placements and a formal decision is expected next week, according to a group spokesman. The associstion comprises 40 brokeragee engaged in underwriting, selling, market-making and dealing. The
        Reuter  -  185 words
      • Article
        Lock icon Thai construction boom boosts Siam Cement profits
        294 10 Reuter THE Siam Cement Co Lid saye sustained domestic construction boom fuelled its better than expected first-half performance. Senior vice-preaident Tawee Butsuntorn said the company raised ce.nent production capacity to 0.5 million tonnes a year from 9 million tonnes during the first half.
        Reuter  -  294 words
      • Article
        Lock icon Japanese companies buy stake in CS First Boston
        187 10 Reuter MITSUI Trust and Banking Co and six Japanese insurance Arms have acquired a combined 12-per-cent stake in US investment bank CS First Boston Inc (CSFB). officials of the seven companies said on Thursday. Mitsui bought a 5-per-cent stake, Dai-lchi Mutual Life
        Reuter  -  187 words
      • Article
        Lock icon Atlas and Lepanto post rises in first-half net profits
        162 10 AFP TWO OF the Philippines' top mining firms. Atlas Mining and Lepanto Consolidated. posted respective increases of 8.8 per cent and 7.9 per cent in consolidated net incomes. Atlas Consolidated Mining and Development Corporation (ACMC), operator of one of Asia's bigger
        AFP  -  162 words
      • Article, Illustration
        Lock icon Mixed close
        509 10 Tokyo Reuter TOKYO ahare prices cloeed mixed in very thin trade yesterday, after languishing in negative territory all day as most Institutions quit early, broker* said. "The market aeemed to take an unannounced three-day weekend," aaid an equity saieeman for a foreign securitiee house. In vectors limited buying
        Reuter  -  509 words
      • Article, Illustration
        Lock icon Stocks higher
        476 10 Sydney Reuter THE RALLY on the Auetrelian share market continued yeeterday with prtoee cioeing higher due to overseas buying and underlying confidence, dealers said. The All Ordinaries Index cloeed 6.1 points higher et 1,670.9, a gain of 44.1 points over the course of the week, end again reached
        Reuter  -  476 words
      • Article, Illustration
        Lock icon Prices end lower despite late bounce
        1241 10 Hongkong Reuter RUMOURS that senior Chinese leader Deng Xiaoping'e health la tailing aent Hongkong'a Hang Seng index tumbling to end 56.61 pointa lower at 2,57g.07 deepite a late bounce, brokers aaid. The rumours, originating in Japan, abruptly hailed the 2K-week rally, dragging the index
        Reuter  -  1,241 words
      • Article
        Lock icon New Zealand: Year's high
        201 10 Reuter WIDESPREAD demand forced New Zeelend shares to a record high for the year In active trading yeeterday. brokers eaid. The Barclaye index roee 40.10 point* to end at 2.167.56 10.36 per cent higher than Monday'* cloee of 1.063.97. "We expected a correction (to Thureday'e sharp
        Reuter  -  201 words
      • Article
        Lock icon Bombay: Some recovery
        201 10 Reuter BOMBAY share prtcee recovered moderately yeeterday after a sharp fall this week on shortoovering, spurred by hbpes state-owned institutions would step up buying. Brokers said preee reports that Unit Truat of India, the premier htveetment institution, took In 26 billion rupees from salee of units in
        Reuter  -  201 words
      • Article
        Lock icon Seoul: Slightly lower
        179 10 Reuter SEOUL STOCKS cloeed •lightly lower in thin trading yesterday with many invasion sidelined ahead of the listing of majdr stats-run company Kepco, brokers said. The composite Index closed at 889.41/ down 1.30 points from Thursday. Turnover waa 137.9 billion won against 147.3 billion In the previoua
        Reuter  -  179 words
      • Article
        Lock icon Taipei: Lower close
        334 10 Reuter nC/TihnuMN slock inday after wavering for moot of the day at investor! became cautious following a week of steady gains, dealers said. The weighted index dropped 61.56, or OAS per cent, to end at 9,746.03 against Thursday's 9,607.96 finish. Turnover waa NT5121.466 billion compared with NT5127.31
        Reuter  -  334 words
      • Article
        Lock icon Bangkok: Rally
        155 10 Reuter THAI STOCKS rallied on healthy earnings reeults for selected hotel end construction blue chips yesterday, booed ng the SET Index 5.94 points, brokers said. The index closed st 624.37 in active trade, with advances leading dedinea 76 to 40. Moet active were Royal Orchid Hotel, Nava Finance
        Reuter  -  155 words
      • Article
        Lock icon Manila: Profit-taking
        84 10 Reuter PHILIPPINE ahare pricee eeeed on profit-taking and technical corrections yeeterday after a week of buying, traders said. The Manila exchange's composite index ehed 9.34 points to 1,191.26 and the mining index fell 53.48 points to 5,507.96. Combined volume at the two bourses tett 9s 1.67 billion eharee
        Reuter  -  84 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Shares end with modest gains
        687 11 New York Reuter APPREHENSION ahead of an important economic report due yesterday kept many Wall Street investors wary on Thursday. Share prices ended with modest gaina, with blue chips barely setting a new poet-Crash high. Over-the-counter issues had a more impreesive performance, where the pivotal
        Reuter  -  687 words
      • Article, Illustration
        Lock icon Equities open higher
        755 11 London Reuter LONDON share pricee opened higher in modest turnover yesterday, with ssntiment helped by a 74p rise in Wellcome's aheree to 521 following a bullish U8 study on Its Retrovir sntt-AJds drug, dsslers said. The study showed Retrovir wes effective in treating human immuno-deA-ciency virus (HIV)
        Reuter  -  755 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1455 11 Reuter MILAN: Italian shsres closed tha week with sharp gains yesterday, booatad by demand tor banka and biue chip Fiat, aa the MIB index climbed 1.12 par cent to a new IMB high of 1,173. Brokers said volume remained heavy deaplto the abeence of many operaton tor
        Reuter  -  1,455 words
      • Article
        Lock icon Two investors charged with defrauding 100 broking firms
        618 11 SEC FILES CIVIL SUIT AGAINST 'FREE RIDING' NYT THE SECURITIES and Exchange Commission has charged two New York investors with participating in a scheme to defraud more than 100 brokerage firms, including Merrill Lynch, Bear Stearns, Prudential-Bache and Shearson Lehman Hutton. In
        NYT  -  618 words
      • Article
        Lock icon Plessey rejects joint bid of US$3.3b from General Electric and Siemens
        594 11 NYT THE GENERAL Electric Co pic of Britain and Gltnwm AO Of WMt Germany has mad* a now oftar of US$3.3 billion lor Pteaaey, the British military and telecommunications giant Pleeeey immediately re* jedad the sweetsned offer aa too
        NYT  -  594 words
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      Page 7 Advertisements Column 1
      380 7 CURRENCY INVESTMENT \MI Kl( I \I'KI l( TEL: 321 3333 SEMBAWANG SHIPYARD LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the shareholders of the Company will be held on 29 August 1989 at 9.30 a.m. at
      380 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      30 7 "/A/A fetzw&Aevfc/. JWr£A/ 4A/0 7Vft/ e t efo e4zt//>A/0 Awf&vu. M*/rz> Arrw uat*.. > /><£V/S/o£fo (Vf A/C£~.. MAA/t/ 4UZ42&U. OV4/A/£-<*4MfA/ A*£~ I Ai££*ot/Awe*..' I rust//&*/*/, arc# AW/&&/ AS/0/WWUC/MD (v^ShyJ :»v>& &*HuA
      30 words
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      Page 10 Advertisements Column 1
      60 10 Washington Wives takes an extraordinary peek into the private lives of the really powerful women in America's capital. Women who work as hard as their men; but by their own rules. Written by a "Washington wife" too. jyifc Available at all 'TV?* good bookshop* v 7 STP Distributors 2 Jurong
      60 words
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      Page 11 Advertisements Column 1
      55 11 Technology every Tuesday IU Liquor Uoaaoa of Llm Tloof Peow published la Baal mm Time* of July XL IM. The licence applied for should reed; Retail Beer Shop, ud not m published. Dated this 6th day of August IM. Ldm Tlonc Peow Name of Applicant M anagers ust anage BT
      55 words
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      Page 11 Advertisements Column 2
      459 11 NOTICE IS HEREBY GIVEN that, I Vincent Wong Foo Hln of No 9 Jaun Kakatua, Singapore (2159). have applied for a Public House Ist Class licence in respect of premises at M/s Amaril Cruises Pte Ltd at 19 Keppel Road #0606 Jit Poh Building (For Motoryacht "Amaril Sea") Singapore (0206),
      459 words
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  • Article
    UOB plans rights issue of loan stock with warrants
    505 12  -  By MAGDALENE NG UNITED OVERSEAS BANK (UOB) is planning to rate $168 million through a rights issue of loan stock with warrants. Tha banking group also announced Its half-year reeulta which show a 23.6-per-cent rise in interim net group profit to
    505 words
  • Article
    Lock icon China, Taiwan and HK not invited to Asia-Pac meeting
    302 12 AFP CHINA, Taiwan and Hongkong hava baan excluded from the gueet list of an inaugural AalaPacific ministerial meeting In Canberra to diacuee cloeer economic cooperation in the region. Auatrallan Prime Miniater Bob Hawke iaaued invitations on Thursday to 11 nationa, including
    AFP  -  302 words
  • Article
    Tour agents and hotels to form joint committee
    387 12  -  By JOHN TAN A JOINT COMMITTEE of tour agents and hotels will be formed to Iron out the recent controversies over the alleged reneging of contracts by hotdiers. The Joint committee, mooted st a dialogue session between the two groups, will seek
    387 words
  • Article
    Lock icon Developing Asia is most dynamic region: ADB
    210 12 Bernama THE DEVELOPING region of Asia has emerged as the most dynamic in ths world, said Asian Development Outlook, a new publication of the Manila-based Asian Development Bank (AD6). The publication said the gross domestic product (GDP) rate of "developing Asia" between 1900
    Bernama  -  210 words
  • Article
    Lock icon S'pore offer to house bases will affect US-Manila talks
    406 12 Reuter, AFP SINGAPORE'S offer to accommodate some US facilities will have a significant impact on Manila's negotiations with Washington over the future of US beees in the Philippines, Western diplomats said in Manila yesterday. Diplomats said that Singapore's offer could weeken
    Reuter,; AFP  -  406 words
  • Article
    Lock icon US warships still poised for action
    233 12 Reuter, AFP US WARSHIPB remained poised for action in the Middle East yesterday despite a decision by proIranian guerillas in Lebanon to suspend s death threat against US hostage Joeeph Cicippio. Published reports said Preeident Qeorge Bush had been ready to order air strikes
    Reuter,; AFP  -  233 words
  • Article
    Lock icon New formula for Thai-Malaysia oil and gas joint operations
    211 12 Bernama THAILAND end Malaysia hava worked out a "new formula" for Joint operationa on oil and gas reserves in their Joint Development Ares (JOA). The Prime miniatars of Thailand and Malayela yeaterday sgraed to eetabliah the Maiay-sia-Thailand Joint Authority (MTJA) by
    Bernama  -  211 words
  • Article
    Seven trade bodies set up company to help SMEs
    277 12  -  ■y GENEVNEVE CUA TO UNDERSCORE their commitment to help small and mediumaized antarpriaaa, savan trada aeeociationa and chamtoara of oommarca mat yeslsrday la sat up a company to do just that The non-profit Enterpriee Promotion Cantraa Pte Ltd (EPC) will provide
    277 words
  • Article
    Lock icon Comex gold and silver
    92 12 Reuter COMEX GOLD futuree fell early on active eeiling after the dollar roee on US unemployment data tor June. However, Middle East tensions cushioned gold's drop. Spot August was off US$2.7O at U*****.00 an ounce, holding above Thureday'a tow of 369.2. Comex silver futuree came down
    Reuter  -  92 words
  • LATE FILE
    • Article
      Lock icon HK banks cut deposit rates
      39 12 AP HONGKONG leading banks announced yesterday that they would lower their prims lending rals by half a perC#nta a 10 I{ L2Lf^ SfV accounts and dspoe- Hi €Sm lowered half a perr centegs —AP
      AP  -  39 words
    • Article
      Lock icon Soviets to boost output in 1990
      27 12 Reuter SOVIET planning chief Yury Masiyukov has promised a consumer boom in ISBO to overcome mounting populer discontent over short sqss
      Reuter  -  27 words
    • Article
      Lock icon 'India reluctant to leave'
      36 12 AFP SRI LANKAN Praaidant Rana* aingha Pramadaaa thinks that India la not intaraatad in withdrawing ita aatimatad 46,000 paaeakaaping troopa from Sri Lanka, according to an Indian acadamic who mat him. AFP
      AFP  -  36 words
    • Article
      Lock icon Ramos asks for US$1 billion
      30 12 AFP PHILIPPINE Defence Secretary Ftdat Ramoe urged Congress yesterday to approve a biHion-doilar 1990 budget lor the armed torcee to eneure victory over armed rebels.
      AFP  -  30 words
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      63 12 ](]')|/!:;(*$:~`^<|<)-(!|<[,^_. V-V'V, I 4 v A >r 16*' 'm I ,v> -i > X y »V y V, Sfc V *3afiJafafe •*'JUg'* ,*-?ji.;!'wmem < NINA RICCI &oa/tpuf PARIS ill m ■s v ~> KJ N JV ■A Available at Boutique Nina Rica, Galenes Lafayette Nina Rica Corners: Metro Orchard, Metro
      63 words
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  • Executive Lifestyle
    • Article, Illustration
      Those table habits we love to hate
      1149 13  -  lit' JAIME LYE IT WAS A wonderful meal. The music 4 was right, the Hghttng eon, the night young and the company heaven. She trembled as his hand ataemd. lightly tenderly mm tomm'ewattfng bejewelled words of amour to fall from his precious rosebud
      1,149 words
    • Article
      STRAWS in the Wind
      280 13 WHEN BG George Yeo was asked in Parliament yesterday if the presence of American military personnel would lead to a higher incidence of VD and Aids, and mors girlie bars slong Orchard Road, he said that "if Jthe Americans do corns, we would have to insist
      280 words
    • Commentary
      • Article, Illustration
        Singapore's pioneering flame may yet blaze a growth trail in Batam
        1424 14  -  WALTON MORAIS THE INVESTMENT delegation that toft tor Batam Island one bleary Tuesday morning a fortnight ago looked nothing like the pioneers of the old Wild West No hope and wagon loaded with poapoatona, no bueh clearing laMMmenta, no
        1,424 words
      • Article, Illustration
        You're as young as you feel
        909 14  -  DAVID CHEW ONE QUIET Sunday morning, I waa busy going through wire copies in the newsroom when the lilting strains of some 1960s and 1960s music could be heard behind the doeed doors of the nearby photo studio. Obviously a photo-shooting session wss about
        909 words
      • Article, Illustration
        Proven performers count more than degree holders
        1077 14  -  ANNA TEO SINGAPORE employers who whinge and wtilm ovtf labour wom art really no hypochondriacal tha labour shortegs is Indaad a chronic 111. But what takes the cake mutt surely bo tha caaa in Japan. Daaparate employers thara recently locked up now university
        1,077 words
      • Article
        'Time-UEM deal will be mutually beneficial'
        355 14  -  letters to the Editor TIME HOLDERS Dmt Sir Please refer to the article "Eyebrows raised over TimeUEM deal" by Hock Lock Slew in the Weekend Edition (July 29-30) of Business Time. Your writer posed sn interesting question as to whether Time Engineering had sold
        355 words
      • Article
        Why exclude Sesdaq from trustee stocks?
        151 14  -  KHOO AIK LEEK Dmt Sir As the Straits Times Industrials Index moves closer to the pre-Crash, all-time high, it becomes more risky for new CPF investors to start investing in stock and shares now. If one uses the common criteria whether it is the
        151 words
      • Article
        Good reception, thanks SBC
        83 14  -  D W DISTANT Dear Sir You published my letter requesting that more useful information be shown on SBCText financial news pages 261 to 263. I must thsnk SBC for so quickly heeding my request and these pages now give company profit and other announcements and even
        83 words
      • Article
        It's not a flag day, please
        145 14  -  D W DISTANT Dear Sir Orchard Road is strung out with bannsrs reading "Promotion of Stats flag". "Promotion" suggests s campaign to launch a new product or boost sales of a certain brand to improve market share. Neither objective applies to Singapors's flag. Singapore
        145 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        The up and coming stars of Graves
        868 16  -  In the last of three articles centring on Graves in France, the focus is on the region's hot 'newcomers' By N K YONG CHATEAU DE FIEUZAL GERARD GRIBELIN haa good reason to be proud of de Fieuzal. Under his direction since 1973, de
        868 words
      • Article, Illustration
        THE EARTH ITSELF
        969 19  -  Environmental issues are no longer the preserve of ecologists. Whether it be the forests of Brazil or Sarawak, the rivers of America or the Himalayas, the plains of India or China, how Man treats his World and what he unleashes on it have far-far-reaching effects in the
        969 words
      • Article, Illustration
        'Mother, I remember this and much more'
        635 19 800KS The Joy Luck Club. By Amy Tan. Hetnemann. $34.90. 288 pages. Reviewed by CHUANG PECK MIHQ IN DEDICATING this delightful book to her Iste mother, Amy Tsn writes, movingly, in the opening pages of this novel: You asked me once what I
        635 words
      • Article, Illustration
        Singing Singapore?
        423 19  -  MUSIC By SAMUEL EE o, maestro dick lee, we honour you on bended knee... like the greet maheyena scholars who elevated buddhlst scriptures, you are Singapore's one true pop guru...? Apparently, that seems like what Dick Lee has done. In his latest album, The Mad Chinaman, he haa
        423 words
      • Article, Illustration
        Spirit of travel — trapped in a suitcase
        507 19 Spirit of travel trapped in a suitcase LUGGAGE IF THE FRENCH have any valid claim to being unbeatable in the elegance of travel, it's not just because of Jules Verne. The "trunkmakers" of France did their best to meet each innovation in .transport with an appropriate invention in luggage. In
        507 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        A taste of life in the Aussie bush
        917 17  -  TRAVEL By JAIME LYE DO YOU LOVE the •mall of cow dung in the morning? Never mind that, how about wheat? Or freshly shorn sheep? Hot coffee and bacon crisping? This is the life. The farming life. The life that former "bush"
        917 words
      • Article, Illustration
        BILLBOARD
        885 17  -  Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Singapore Drama Featival '89. Main programmes lor this week: Tha Sttty Uttla Girl and Tha Funny Old Traa bf Kuo Pao Kun staged by Practice Theatre Ensemble, Aug 12 13, Bpm, Victoria Theatre. A Plntar Cocktail by The Stage Club, Aug 12, 13
        885 words
      • Article
        Try simple methods first for a baby
        958 17  -  HEALTH By RICHARD SEAH HUMAN REPRODUCTION uMd to be a simple matter. Couples did it naturally and wars generally aucceeaful. In the old days, families with five, 10 or more children were common. Childless couples were rare. Today, infertility and sub-fertility are ao
        958 words
      • SHORT TAKES
        • Article
          Tanamera nostalgia
          139 17 THE ORIGINAL HOUSE might be gone but the spirit of Tanamera was stive. At least at the Goodwood Park > r «nam >li i noiei recently The Goodwood group threw a theme party for the visiting Australian Federation of Travel Agents. And what better setting to recreate than
          139 words
        • Article
          Roses at Ridley's
          84 17 MOSES VADHAM, who really hit the big time when he recorded Roeoa with the group Gingerbread, is back with fsmily. Hs Joins his brother Chris st Ridley's. Chris, who wss the lead singer of the Western Union Band, has just returned from Hongkong. Between the two of
          84 words
        • Article
          Lock icon Emmy nominations
          172 17 AP THE CBS-TELEVISION mini-series Loneaome Dove dominated the noml- nations for the Prime-time Emmy Awards on Thursday. closely followed by NBC's LA Law and the ABC mini-series War and Remembrance. Lonesome Dove, based on the Pulitzer Prize-win-ning Western novel by Larry McMurtry, received 18 nominations, including best mini
          AP  -  172 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Beep-beeps that can also spew Handel's Messiah
        766 18  -  These days, if you hear an aspiring musician pounding feverishly on the keys, don't shoot the piano player. Computer music is catching on, reports HELEN CHANG. HELEN CHANG. THERE USED to be a time when piano bounded like a piano, e viofn like
        766 words
      • Article
        Where computer digits and musical notes interface
        299 18  -  ■by Helen Chang COMPUTERS are music to Ng Chong Poh's ears. He owns Para-Di Promotions, which sells computer equipment for making, editing and arranging music. Located in Sim Lim Square. Para-Di is Singapore's first computer store dealing solely in music-making programs, according to
        299 words
      • Article, Illustration
        Solid group of songs to help Greenpeace's cause
        931 18  -  5^% A Roger Loh VARIOUS ARTISTS: Oreenpcaet Rainbow Warriors (RCA) Qroonpoaco. a poor praasure group deeigned to save the planet Earth from reckleaa abuse, has baan making concerted overtures in the last half decade lo make Ha voice heard. TNa landmark two-sot
        931 words
      • Article, Illustration
        Capitalising on a defensive error
        723 18  -  BRIDGE By SYBIL HOLLOWAY THE BRIDGE expert often ecoree better then the average player beceeM he ie quick to take edventaQe of en opponents defensive error. Take the following deal which turned up during e game of rubber bridge. The heart king wee led, which
        723 words
      • Article, Illustration
        Welcome to my 'burbs
        583 24  -  CINEMA By JAIME LYE WELCOME to the 'Burba. That's slang for suburbia. That unique world of lawn-mow-ers, barbecues in the back yard and renovation contractors that leave their drinks all over the place. So Tom Hanks thinks he's got it bad in suburbia. He ought to
        583 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Lock icon Gaining much popularity with investors worldwide
        1111 20 WARRANTS The Economist WHEN INTEREST RATES are high and stockmarkets edgy, equity warrants come into their own. Warrants allow investors who are dithering between buying shares which might go higher and having the security of cash on deposit to have the best of both
        The Economist; Source: Datastream/Economist  -  1,111 words
      • Article
        Lock icon Positive outlook replacing memories of October '87 Crash
        1017 20 NEW ZEALAND STOCK MARKET FT THE STOCK MARKET in New Zealand is slowly returning to normal after the traumatic events of the October 1987 Crash. It has been one of the world's high flyers, following a surge of confidence after the election
        FT  -  1,017 words
      • Article
        Warrants: premiums and gearing
        375 20 Conversion terms Premium/ A AA\ Expiry Amount Optional" using Company (m units) Wrte Share Lnstk Conv ratio Exer price Ln stfc Cash Caah 1 Ln stfc' Gearing 3 ■mIUA nom Date mtns value left CKTang 16.9 2.300 4.600 .00 2.25 -1 2.00 31.5.90 9 Chuan Hup
        375 words
      • Article, Illustration
        Lock icon Interest rates tumble, bourse soars
        428 20 Reuter WHILE INTEREST RATES consolidated ahead of a likely further tumble, brokers toasted a 4.7 per cent rise in the New Zealand share market on Thursday, taking the Barclays Index to its highest point since November 1967. "The msrket is as strong ss an ox,"
        Reuter  -  428 words
      • Article
        Lock icon Moves to free foreign investment further
        264 20 AFP WELLINGTON moved this week to further tree up foreign investment in New Zeslsnd in all arsss apart from broadcasting, rural land snd desp ses fishing. From Aug 25, sny foreign compsny or individusl will be able to invest up to NZ$lO million (US$6
        AFP  -  264 words
      • Article
        Bulls are making an about turn: research
        655 20  -  US STOCK MARKET By KEVIN GWEE THE BULLS which heralded the coming of the great US stock rally of the 1960s have turned around. Of the eight super seers which correctly called the market earlier this decade, seven have abandoned their bullish predictions
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      • Don't quote me...
        • Article
          Did he say US$1 billion?
          217 21 FRANK TSAO, prominent shipowner and chairman of the Suntec group, made a visit to Singapore thie week coming in on Tu—day afternoon and leaving Friday morning, back to Hongkong. Hie arrival was preceded by a confusing report in the Hongkong Standard, which quoted Mr Tsao
          217 words
        • Article
          Buying against your advice
          122 21 SINGAPORE'S office market is due for a "major collapee" in 1992, says inveetment group North American Property Investor who is now busily trying to get a local partner to buy the Standard Chartered Bank's building at 6 Battery Road. If it believes in its own prsdiction,
          122 words
        • Article
          Learning to live with wealth
          68 21 QUOTE OF the month goes to Alan Mole, whoee employer Shandwick pic handles public relation works for the Sultan of Brunei (Forbes estimates its Bruneian job ia worth US$4 million a year). On his firm's lack of success in stopping reporters from writing about the
          68 words
        • Article
          A stinging experience indeed
          102 21 CALL it a coincidence or an omen, but a reeder who phoned the Admiralty Country Club (ACC) recently for hie membership refund was greeted by the tune 77m Entertainer from the movie The Sting. Fans of Newman and Radford will recall that this 1974 blockbuster featured
          102 words
      • Article
        Cold Storage's million-dollar question
        625 21 mm \oBflSa EITHER COLO Storage Holdings (CSH) is undervalued or Centrepoint Properttee is overvalued. Consider these facts. Based on Friday's closing price ot $2.70, the market is valuing Centrepoint Properties at $729 million. CSH's.53 per cent stake in Centrepoint should sccordingly be worth $386 million. Yet
        625 words
      • Article, Illustration
        Lock icon Financial managers see good returns
        1421 21  -  INDONESIAN STOCK MARKET By AMY BALAN FUND MANAGERS are streeming to Indonesia liks the proverbial bees to the honey pot An expected reel OOP growth of 5 psr cent s package of economic and financial reforms aimed st stimulating the privets sector and the attendant
        Source: Baring Securities; Source: Thornton Group  -  1,421 words
      • Article, Illustration
        BZW very bullish about SPH
        680 21  -  MARKET TALK By ROSIE TAN NEWSPAPER MONOPOLY Singapore Preea Holdings can expect pre-tax profit to increaae by 28 per cent to $145 million for the year ending August 1880, thanks to falling newsprint costs and rising advertising revenuee, says stockbroking firm Barclaya de Zoete Wedd.
        680 words
      • Article, Illustration
        Lock icon Support for STII is at 1,320
        441 21  -  CHARTPOINT Br GOOLA WARDEN THE STRAITS TIMES Industrials Index dosed the week at 1,340.18, 23.11 points off Its post-Crash high of 1,372.29 reached on July 31. The market aa a whole appears to be running into some resistance, and it is perhape opportune to
        Source: All charts from OUB Securities  -  441 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon First-year pro player defeats Agassi in Volvo match
        683 22 TENNIS AP TOP-SEEDED and defending champion Andre Agassi suffered another early exit when he waa beaten by first-year pro David Wheaton 1-6, 7-6 (7-3), 6-1 on Thursday in the third round of the Volvo International tennia tournament Wheaton, a 20-year-old ranked 122
        AP  -  683 words
      • Article
        DHL women's event will not be staged here
        308 22  -  A SURENDREN AUSTRALIAN Sports Marketing, the promoters of the DHL Women's Tennis championships, has decided to bring the newly awarded US$l5O,OOO women's event eieewhere in tf>e Asean region instead of Singapore. Though ASM haa promised to bring it here, financial constraints have
        308 words
      • Article, Illustration
        S'pore wins Open amateur team championship
        624 22  -  GOLF By A SURENDREN SINGAPORE secured the teem championahipe in the Slngepore Open Amateur Golf Championship at the Jurong Country Club yeeterdey. South-east Asian Games representatives Samson Gimson and M Balraj launched a charge to overhaul the Maiaysians, who had a three-stroke overnight leed.
        624 words
      • Article
        Lock icon Senior, Harrison share lead after first round
        284 22 AP PETER SENIOR of Australia and Philip Harrison of England tied the course record at eight-un-der-par 64 on Thursday to share the first-round lead in the U*****,000 Scandinavian Enterprise Open. Two US European Tour players, Michael Allen and Peter Teravainen shared third place
        AP  -  284 words
      • Article
        Lock icon British yachtsmen increase lead in Admiral's Cup
        375 22 YACHTING AP BRITAIN'S champion yachtsmen increased their lead in the Admiral's Cup on Thursday, a day of high winds and high drama. The British boat Jamarella again made a remarkable recovery to finish second in the penultimate event, a 64km inshore race on
        AP  -  375 words
      • Article, Illustration
        Teh to score another hit with Starman
        629 22  -  > on TMCK With JEROME FANDOR CHAMPION trainar Tsh Choon Beng starts this Seiangor race meeting needing 36 winners from 44 racing days left this year to hit the centenary. His 64 winners hsvs come from 60 racedays so he only has to
        629 words
      • Article, Illustration
        Lock icon Another challenge for Fittipaldi
        302 22 RACING AP EMERSON Fittipaldi will be battling history as well as fellow Indy car drivers on Sunday in the ninth annual Marlboro 500 at Michigan International Speedway. He won the event in 1985, and no driver has won it twice. Fittipaldi has four victories, two seconds
        AP  -  302 words
      • Article, Illustration
        Lock icon England ready to give youth a chance in Test
        409 22 CRICKET AFP ENGLAND is ready to give youth a chance in the fifth Test against Australia at Trent Bridge next week. The defection of 16 past and present England players to South Africa has done what a run of disastrous results
        AFP  -  409 words
    • Executive Jobs
      • Article, Illustration
        PEOPLE IN BUSINESS
        248 23 ABACUS DISTRIBUTION Systems Pto Ltd has appointed two now director* Robort WA Oovoroll and Ssmuel Thian-Sza Too. Mf Oovoroll join Abacus at network and communications dlrodor and haa moro than 20 yoara 1 oxporlonco in doalgn and management of largo airlino and banking communications networks. Ho Rfi
        248 words
      • Article, Illustration
        Head-hunting — the ways and the means
        967 23  - Head-hunting the ways and the means ■y ANNA TEO WHAT DO APPLES, advertisements and head-hunting haw in common? Varitabi* haadhuntar Young Kuan-Bing sees it this way: heed-hunting Ie a full-scale, pore •aarch procees. and to uee advertisements to ferret out proepacts it to raduca tha Job to, wall, shaking an
        967 words
      • Article, Illustration
        A high-revving maverick
        1427 23  -  Insiders joke that Esso stands for 'Every Drop of Sweat Sweated Out". Yet the MNC attracts with a long list of extras that most can hardly resist How does one love such an employer? MARTIN SOONG finds out MARTIN SOONG ESSO Singapore could have bMn like all
        1,427 words
      • AD WATCH
        • Article, Illustration
          Dips on the up and up
          237 23 (MP, CMP HOORAY. Polytechnic diplomas are all the rag*, going by ministerial ■peechee ovsr the last coupte of wssks. Over in Britain, eight poly graduatea have dons Singapore proud by bagging First Claaa Honours at Eassx University earlier thia week. Indeed, their market value
          237 words
        • Article
          Fast track in kitchen management
          123 23  -  Tye Kim Khiat RARE IS the job ad which eechews paper qualifications aa the first requirement of s management poet And so it Is indeed refreehing to alight on the "Appointment in Kitchen Management" ad put out by "a very eucceeeful International full eervice reetaurant
          123 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      132 13 NEED A CAR LOAN? Call USA from any plma, I any day, anytime at 222 5544 or: //J I WFP r..ina»: to examine our Rolex collection, you will experience the charm and integrity of the true specialist. It manifests itself in the time we take to point out the superb
      132 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      54 14 welcomes letters from its readers. Letters must include the author's name, address and home and office telephone numbers. BT reserves ths right to edtt letters lor purposes off cierttv and aoace. Please address I otters toThe Editor, Business Times, Times House, 390 Kim Seng Road, Singapore 0023 or send them
      54 words
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      Page 15 Advertisements Column 1
      320 15 V v»Vr b V jy m 4U V T 9 5 •4 A* vss y I t*"* > A > .V r. V V •U'l v ->**» i, Jr T »> *+**&ik •> r L t *4 rf > k I K .Vltai* •#»:S Vt. j St. 5 >0 ;f*
      320 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      629 16 J Where to entertain... Where to entertain... Where to entertain... Where to m TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN DELIGHTFUL HOT AND COLD DISHES. A JAZZ BAND TO PUT YOU N A MERRY MORMNG MOOD EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT
      629 words
    • Advertisement
      Page 16 Advertisements Column 2
      253 16 6 PROVINCES ALL IN ONE SITTING CTi 'A SU Is IS CE fe uUtU m 7*i rt: "1 HI.. *1' U. Tv I I".'. 1 I At the Pine Court from 1 31 Auguat 12.00 noon 2.30 pm Aduh: S2S Child below 10: $13 COMPLIMENTARY Order your lunch and dinner
      253 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      172 17 mtertoin.. 1 Every Sunday There's A Feast ■r sln The Park. At the Hubcrtiu Grill, Sunday brunch L> a great outing for thefamily. A glorious buffet spread i* lad out for both grown up* and children. And to make suit the kid* are truly entertained, there'*an exciting Mattel playroom. Sunday
      172 words
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      Page 17 Advertisements Column 2
      62 17 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 means you can enjoy it all year round. ;,v
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  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      758 18 18 1 CRYPTIC PUZZLE ACROSS 9 For heaven s sake, use the whole of the wallpaper! (4, 2, 3) 10 Puzzled to fund none ashore? (3. 2, 3) 12 A box: one of a matching pair (4) 13 Sounds honest that's the difficulty (6) 14 Up to the time, is
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      8 23 Prompt pick-up and delivery 24 hours a day
      8 words
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      Page 23 Advertisements Column 2
      280 23 hkh L »>••, v js 2MSf -'4% f p{« &&3B S» *B I lv b&h v. »i i jy* nr-'-.-MHHHHHHHNfIMHHfIHBHhi Frankly speaking, every advance in quality raises new expectations. The company that is satisfied with its progress will soon find its customers are not. It is this belief that has
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      30 23 Bn StcW: Ftank latere. PftG€ 3 IS RN PIftSOLUTt WINM6R Things Vou'vc PitU)P>VS U)PvnT£P TO KNOW P.BOUT Tt-ve cuesfe* PeP(?v I ofcG ft M<SPlT, K Lf ISO Cftg-CiNPvTiMG ;^C.TS;... *u
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      578 24 Tak llflii Seadlri, Today, 3.06pm, SBC 5 A medical undergrad causes his parents some unhappiness when he falls in love with a vivacious secretary. When he discovers he has terminal cancer, he leaves all of them to remove the tension. Rano Karno and Mariam Belilna are the tragic lovers. Space
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    • Miscellaneous
      Page 24 Miscellaneous Column 2
      2734 24 SATURDAY Tamil; PM Opening and Programme Highlights followed by Bodywatch The Daycare Dilemma (See Our choice). Bookvisions: The Pickwick Papers (Debut). TNs is Jack Davies' dramatization of Charles Dickens' classic about a group of friends who travel throughout southern England encountering numberous adventures and strange characters. The middle-aged Pickwick is
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    • Miscellaneous
      Page 24 Miscellaneous Column 3
      146 24 OcHpee, Today, 6.32pm, SBC 15 ambush and camouflage taka up arma all eight of tham. Ona of tha moat inphlslliialsii aaa craaturaa, tha octopua demonstrates Its tactica and how it proteds its young. HM Daycare Nmm, Today, 7.30pm, SBC 12 The need tor proper daycare Is a piroblam not only
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