The Business Times, 19 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 19-20 1989 75 CENTS
    12 words
  • Article
    Lock icon Survey on second link starts
    153 1 Bernama THE Malaysisn government is conducting s survey for a suitable location for the proposed second link with Singspore, Datuk Seri Dr Mahathir Mohamad said in Muar yesterday. Without disclosing the possible site for the project, the prime minister said however that the linkage point
    Bernama  -  153 words
  • Article
    Lock icon Ex-KFC 'king' Loo Cheng Ghee dies in US
    409 1 Bernama MILLIONAIRE Loo Cheng Ghee, the former owner of Kentucky Fried Chicken (KFC) franchises in Malaysia and Singapore who caused the collapse of the Kuala Lumpur Commodity Exchange (KLCE) over five years ago, died of cancer in the United States on Aug
    Bernama  -  409 words
  • Article, Illustration
    PSA's plans may scuttle plan for waterfront park
    607 1  -  Third container port on drawing board By LEE HAN SHIH AN AMBITIOUS plan to enlarge Haw Par Villa by building a nearby giant waterfront theme park is in danger of being scuttled. Coming between Haw Par Villa and the theme park is
    607 words
  • Article
    Ministry disapproval puts UIC's $81m land deal in jeopardy
    512 1  -  By KEVIN GWEE UNITED Industrial Corporation Ltd's proposed $61-miilion purchass of a piece of land behind the Paragon in Orchard Road has hit s snag. The Ministry of National Development has turned down an application by the vendor of the property
    512 words
  • Article
    Lock icon US consumer prices up 0.2pc
    130 1 Reuter IN ANOTHER sign that the threat of inflation in the US economy is receding, the US Labour Department said last night that the country's consumer prices rose 0.2 per cent last month, matching the 0.2 per cent advance in June. A drop in car
    Reuter  -  130 words
  • Article
    Lock icon DOW JONES
    38 1 Reuter US STOCKS were mixed in midmorning trading yesterday, with the Dow industrisls marginally lower and declines snd advances almost evenly matched in the broader market The Dow Jones Industrial Average was off one at 2,878.
    Reuter  -  38 words
  • Article
    Lock icon FOOTSIE
    45 1 AP LONDON SHARE prices were higher at midday yesterday, as the market advanced on the back of a surge in Wellcome pic's sharee. At 1115 GMT, the Financial Timee Stock Exchange 100-ehare index was up 12.7 points, or 0.5 per cent, at 2,372.7. AP
    AP  -  45 words
  • Article, Illustration
    Plunge in HK depresses local shares
    246 1 LOCAL SHARE prices fell in sympathy with the Hongkong market's plunge, but the Straits Times Industrials Index ended at a poet-Crash high due to large rises in some index nmvn ww/vv%e. Nervous investors in pore sold their shares as the Hang Seng index plunged
    246 words
  • Article
    FINANCIAL NEWS SUMMARY
    139 1 Friday ST fcidurtiluh Mti 1381.49 5.93) IT Campadle Max 1237.55 (-5J1 NST Industrial Max 2,***** +11.20 HK Hang Sang M«x 2,573.16 (-4342) A 1 0*7° PI*KW AVfrOyt 35,063.14 (-26.97 Sydnay Al-Ordbtorias 1717-4 (-7.9 J Near Yarit (Daw Jammi Z679A3(-1166) London (FT 30 Max) 1,975.0(+ 132 1.****** S$
    139 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      249 1 Nikon TtwWbrid'tßnMt Photographic System. Lfciti/c Is Paris brimming? Page One Trading fire with cultural mafia Pag* Two The greatest red wine Down Under Page Four Research on breast-feeding Page Five Black comedy that's off-beat but enjoyable Page Six Murder, she wrought Page Seven Not the hottest lingo in town Bigger
      249 words
    • Advertisement
      Page 1 Advertisements Column 2
      169 1 1* Ful report, PAGE ll«goiH martots, PAGE 10 World marfcote, PAGE 11 Choosing a timepiece should he a relaxed and pp CONNOISSEURS F O R COLLECTORS After all, we see ourselves as connoisseurs. And our The rare perfection of Patek Philippe at The Hour Glass. comfortable affair. Especially ybull leant
      169 words
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  • HOME NEWS
    • Article
      Regional Indian chamber formed
      441 2  -  Aim to promote cooperation among Asia-Pacific countries By CHUANG PECK MING SPEARHEADED by the Singapore Indian Chamber of Commerce, Indian trade and tydustry associations from the Asia-Pacific countriee are forming a common body here to promote regional economic cooperation. Called the Asia-Pacific Indian Chambers of Commerce
      441 words
    • Article, Illustration
      BT artist wins Conqueror Design Award
      324 2  -  By SANGEETA MULCHAND Z MJSiNESS TIMES artist Ben :<|nz belt 39 other entries Jlgbag the top prize at the Con- Aueror Design Awards this :s*• As the winner of a competiv&* aunched in search of a "tpgo for the Festival of Dance 'Z his
      324 words
    • Article
      SAF to hold first open recall of civil heavy vehicles
      269 2 THE SINGAPORE Armed Forces will be conducting its first open recall of civil heavy vehicles next week, the latest in s series of exercises moving towards rapid, integrated requisitioning of private manpower &|r>d hardware resources. Sv Under the SAF's open
      269 words
    • Article
      HDB's liberalised rules draw applicants
      344 2 THE RECENT liberalising of rules on owning Housing Board flats has drawn significant response from potential buyers. As at Thursday, the board received 40 applications for new HDB flats by households earning between $4,000 and $5,000. and one application for a HUDC flat with a
      344 words
    • Article
      President's Scholarships awarded to six
      181 2 HALF a dozen of Singapore's best and brightest this year have won the coveted President's Scholarships. According to a statement from the Communications and Information Ministry, the Public Service Commission has selected three msle and three female students as this year's President's Scholars. Francis Chong
      181 words
    • Article
      Seminar to focus on securities
      274 2 A SEMINAR highlighting the profit potential of trading or investing in fixed-income securities and equities in the Singapore market will be held next month. Called Global Financial Outlook: Prospects and Investment Opportunities, the seminar will cover key factors sffecting world finsncisl markets in the next
      274 words
    • Article
      Tech Month: Automation is the theme
      271 2 TO REINFORCE the message of automation at the workplace, this year's Technology Month will have automation as its theme. A host of events has been lined up for Technology Month in September which will be officially opened by the Minister of State (Education),Dr Tay
      271 words
    • Article
      RMIT holds convocation ceremony
      200 2 A FIRST-EVER convocation ceremony of Australia's Royal Melbourne Institute of Technology (RMIT) was held in Singapore yesterday. At the ceremony. 135 graduands were awarded their degrees for completing the Bachelor of Business in Business Administrstion progrsmme s course jointly conducted by RMIT snd ths Singapore Institute
      200 words
    • Article
      Wise policies that keep Singapore progressing
      178 2 CONSCIOUS official acceptance of multi-racialism, and political integrstion of racial minorities are wise policies which have kept Singapore from degenerating to the "sorry stste" of other ethnically plural countries, ssid Political Secretary (Communications and Information) Mohamad Maidin yesterday. Spesking to Bsdok Town Secondary School
      178 words
    • Article
      Corrections and clarifications
      42 2 IN FRIDAY'S story titled "Digital to provide computer hardware for MRT-bus link". It was stated that Mr Michael Ang was the managing director of EDS International. He is, in fact, the marketing director. We are sorry for the error.
      42 words
  • Article
    SHIPS IN PORT
    1849 2 AT CONVENTIONAL WHARVES VMMl Voy No i Arrival Dapartun Kola Bortl JW KI4 oioagnde »08/ 1900 12tm KS okxv*"** 1900 KoM So|aM WS99 K32 akxqtkd* ItjOV 1830 Qto^hodwa 08-22 K2t gtOHQ^dl 2\m/ 1900 S»vorHe«k3 27A K34 otOftQVd* 1030 S»r PrxJ. I4E K27 otoagMto 21 ob/ oioo Suyv
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      67 2 Global tomporaturos on Aug 17 «now a Imm i ■•port for 24 to 7.30pm on Mntf tolgrodo Rorlln Bormwdo Bogota ftrisbano (rvmlt ftudopast Buonos Alrat Cairo Calgary Carocos Chicago Cop'hogon Dublin Frankfurt Gonovo Madrid MobMO Moxico Oty Now MM Now York Hongkong Honolulu falntnhnfl (stomado a btanbul Jakarta Jarvtalam io'burg
      67 words
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  • FOREIGN NEWS
    • Article, Illustration
      Lock icon Western officials eager to see Solidarity reform plan
      254 3 Reuter WESTERN officials and bankers have cautiously welcomed prospects of Poland's first non-com-munist government in 40 years. But they added they wanted to aee details of any new administratlon's economic policiee before deciding how to help Poland ease its economic crieia and
      Reuter  -  254 words
    • Article
      Lock icon Textile importers, makers differ over curbs
      218 3 Reuter SIX MAJOR American textile and apparel importers and retail groups urged the US to work towards ending import quotas on textilee and clothing in global trade negotiations now underway in Geneva. At the same time, the American Textile Manufacturers Institute, a US trade
      Reuter  -  218 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      934 3 ARRIVALS Operator jtrvKi number Local Mmo From SA MAS MAS ACA SU CAL CPA MAS VCTNAM SQ4I7 MH653 MH630 AC868 SQ103 ato« CX710 MH607 HVN234 0905 0910 0920 0925 0950 1000 1000 1020 1030 DXB/KHI PCN KUL yyz/lhr/bom KUL CGK CGK KUL RGN AMJNES GU SU MA
      934 words
    • Article
      Lock icon US steel imports rise for third straight month
      186 3 Reuter US IMPORTS of stool in Juno woro 1,540,000 not tonnos comparod with 1,472,000 tonnoa In May. raflooting tho third straight month of stool import Cns. tho Amorican Iron and ol Institute (Aisl) said. Baaing Ha report on data from tho Commerce
      Reuter  -  186 words
    • Article
      Lock icon Kaifu aims to reassure US on economic relations
      391 3 FT JAPAN'S now prim* mintator, Mr Toohlki Kaifu, will meet Preeldont Qeorgo Bush m Washington on Bsp 1 to try and MM ooncerna in th* United BUtss about tho recent turmoil in Japansss Mr Kaifu. appointod last week, is Japan'a third prims
      FT  -  391 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      33 3 Doonesbury mui *e.vaFi euessi DoneeTrti Bermeer h hours U v V I ft m €r* 3V i 4 I f731 (JH.MJHY* niLße MORe&AL. VOUtUBfcALL KJNPCF MUmJNS. THANKS THANKS, AHPf\ A s i y
      33 words
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  • MONEY AND EXCHANGES
    • Article, Illustration
      New appointments at Wardley, Royal Trust
      343 4  -  By QUAK HIANG WHAI WARDLEY LIMITED, a whollyowned subsidiary of HongkongBank, has appointed Mr Michael JS Jones as its new chief executive with effect from Sep 1. He will replace Mr Kevin A Westtey who has been transferred to Hongkong to take charge of
      343 words
    • Article
      Patrick Yeoh, Hayakawa appointed to Currency Board
      105 4 MR PATRICK Yeoh Khwai Hoh, the president of DBS Bank, and Mr Hiroyuki Hayakawa, the general manager of Bank of Tokyo Ltd, have been appointed as members of the Board of Commissioners of Currency. Singapore for the period July 1. 1989 to Jan
      105 words
    • Article
      Lock icon Taiwan bank to issue US$100m FRN in Europe
      98 4 AFP TAIWAN'S Bank of Communications will issue a float-ing-rate note worth US$lOO million in Europe next month, an official from the bank said yesterday. Some 11 banks and stock brokerage firms in Japan, the United States and Europe have placed quotations to
      AFP  -  98 words
    • Article
      Forex markets
      1292 4 SINGAPORE: The US dollar closed lower against most currencies yesterday after profit-taking and buying on dips, dealers said. It closed at 143.15/25 yen against New York's 143.47/57 and at 1.9615/25 marks against 1.9635/45. Dealers said dollar sentiment was bullish on a narrower US June trade deficit. But its
      1,292 words
    • Article
      Lock icon IMM
      285 4 Reuter IMM CURRENCY futures closed lower but off lows on Thursday, recovering little of the ground surrendered on a narrowing in the US trade gap. Overwhelmed by the recent spate of stronger-than-expected US economic data, currencies failed to draw much strength from threatened central bank intervention. The market largely
      Reuter  -  285 words
    • Article
      Lock icon Asian dollar market
      268 4 Reuter ASIAN DOLLAR depoait rates ended at their opening levels yeeterday after a quiet day's trade. Dealers said moat operators were sidelined ahead of yeaterday'a releaae ot the US July Conaumer Price Index. Short-datea lost 1/8 point at the outaet on a weaker US Federal funda rate
      Reuter  -  268 words
    • Article
      Lock icon Simex
      536 4 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened 12 ticks lower than the previous Simex cioee of 91.21 on the view that the export rise in the June US trade data showed continuing economic growth. Diminished expectation of a near-term credit easing undermined sentiment. Trading was cautious as dealers refrained
      BA Futures  -  536 words
    • Article
      Money markets
      57 4 THE overnight rate on the Singapore money market cloeed 1/8 point higher at 5-1/8 per cent yesterday Term ratee were all unchanged. S$ bin rrfoank rates at ttw i dot* ynttrdayi om* k> Our* Sl/I 5 5 3/16 S 1/1* 2-aatfh 5 3/1* 3 1/14 3 iiiuiO S
      57 words
    • Article
      Government Securities Market
      114 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OFFER HK5H LOW 3 nmnthi &Q*****X 16.11.89 3.91 346 3.91 385. 6 month* RS*****V 18.01.90 3.95 3.90 3.93 3.93 1 yeor BY*****F 24.05.90 4.13 4.08 4.11 4.10 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
      114 words
    • Article, Illustration
      World interest rates
      184 4 'Indicates Mm avaraga of prima landing ralaa tf 1> malar banks la rpar* Interbank market rates (offer/bid) on Aug 18 uss DM SWFC Y«fl 7 doy» 9 9 7/9 13 13/14— 11/14 4 13/14—13/14 7I/J-7J/I 3 7/14 3/14 1 9 9 7/9 13 13/14— 11/14 7 1/14
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    • Article
      Options
      1287 4 CURRENCY FUTURES OPTIONS Friday, Augi jst 18, 1989 reuT SCMEMARK (MMCX) WA La* Ml 0M Mm >NpM La* Ml sa 53 54 129 208 390 J At* Al SapMMSa Sat 0a» M paM MM Las Oaa 71 73 7S 43 43 43 305 496 Bum Mi IMM Thursday, August
      1,287 words
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  • COMMODITIES
    • Article
      KL Tin
      205 5 INCREASED pre-weekend selling prsssursd the Kuala Lumpur Tin Market (KLTM) price down 90 sen to does at M 522.80 a kg yesterday, brokers said. The London Metal Exchange's (LME) continued decline on Thursday spread onto the local market and consumers were only Interested at lower levels as noted
      205 words
    • Article
      Palm Oil
      554 5 Total o/p a* at 1100 hm 5975 controcH. Turnover* 1842 lots. Market ton* SfadUr MALAYSIAN CRUDE PALM OIL FUTURES closed steadier yesterday on fresh buying coupled with short-covering interests. Dealers said prices firmed all day after opening about unchanged in the morning despite a lower closing overnight for
      554 words
    • Article
      Lock icon Wheat
      166 5 Reuter CBOT SOFT red winter wheat futures closed lower on Thursday amid talk that Algeria seeks French wheat and that China may be seeking Canadian wheat, floor sources said. This talk advanced concerns among traders that export demand may be shifting away from the US, sources said. After the
      Reuter  -  166 words
    • Article
      Lock icon Soybean
      170 5 Reuter AGGRESSIVE selling by commission house Refco pressured August CBOT soybean futures, which closed sharply lower, while scattered commission house and commercial buying supported deferred months on Thursday, brokers said. Talk circulated that the selling in August may be linked to a commercial firm preparing to deliver against that
      Reuter  -  170 words
    • Article
      London markets
      175 5 London Commodity Exchange Buyer/Seller dosing prices on Aug 17 (£/tonne unless specified). Previous dosing prices in parenthesis. CoOm Basis In-storo London, toilers option OF London Sop 748/750 (741/743) Ugh/low 765/747 Nov 753/754 (746/747) tflgh/Low 768/749 Solos (1774) Cocoi Sop 837/838 (845/846) Mgh/low 845/837 Doc 897/898 (903/904) Ugh/Low 907/895
      175 words
    • Article
      RAS end MRELB
      306 5 RAS prices mic •nteftg. FOB In balm I NOON CLOSE Buyers Sellers Buyers e _M jewafi kit 1 RSS Pron upt i 66.50 167 JON 166.50 167 JON bit 1 RSS Sep '66.50 167 JO 166JO 167 JO bit 1 RSS Oct 169.25 170.25 169.25 170.25 bit
      306 words
    • Article
      SSR and SMR
      78 5 (cnn/kg) SEPTEMBER 1989 OCTOBER 1989 (currant month) (forwor xl month) RAS NOON NOON lvy«n Saltan Ivyan Saltan sse so 150.00 152.00N 151.00 153.00N SSt 50 148.00 150.00N 149.00 151.00N MRELB •vyan Saltan br*n < H»n SMI CV 216.50 318.50N ***** 230JON SMR I 318-50 230.50N 220.50 223.50N
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    • Article
      Lock icon Crude Oil and Products
      130 5 Telerate FUEL oil prices were stable-to-soft in the Singapore market on the back of an expected increase in spot availabilities. Buyers were sidelined and preferred to quote market related prices. Deals were heard done for September CST-180, at $88.5 bbl cif/fob Sing. Taiwan tenders to sell
      Telerate  -  130 words
    • Article
      Produce Prices
      199 5 Chinese Produce Closing prices on Aug ust 18 Exchange Coconut oil (M$/ 100kg) Sellers' noon closing prices on New drums 133.00 August 18 (S$/100 kg) 2nd hand drums 127.00 Coconut oil Bulk 118.00 Bulk FOB 93.00 Local in bulk 115.00 Old drum FOB New drum FOB 103.00 107.00
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    • Article
      Rubber
      228 5 SINGAPORE: Rubber prices closed quietly steady yestsrdsy, with Ssptsmber 1 RSS buyer quoted at 106.50 cents s kg. unchanged from Thursday's close. Dealers said prices hovered within narrow ranges in quiet snd listless sfternoon trade ahead of the weekend. On the TSR-20 Award market. September buyer was quoted st
      228 words
    • Article
      Precious Metals
      400 5 HONGKONG: Gold cloeed slightly easier in quiet but speculative two-way trading yeeterday. dealers said. "Silver buying by Swiss investors in New York on (Thursday) helped gold to stay steady in (yeeterday's) trading, with good support seen at US$3OO an ounce," a dealer said. Players were awaiting the release
      400 words
    • Article
      Lock icon M'sian crude palm oil output in July up 11pc
      371 5 Bernama MALAYSIA'S production of crude palm oil in July increased by 11 per cent to 558,855 tonnes compared with the previous month, the Statistics Department said yesterday. The department's monthly palm oil statistics showed that the cumulative CPO production during January
      Bernama  -  371 words
    • Article
      Lock icon Future of New Zealand oil field hinges on court ruling
      257 5 Reuter DEVELOPMENT of an oil field which could supply up to 10 per cent of New Zealand's crude oil has become entangled in a legal wrangle between the government and the operator, Petroleum Corp of New Zealand Ltd. Petrocorp this
      Reuter  -  257 words
    • Article
      Comex gold/silver futures
      167 5 Gold futures on A iUQiltt 17, 1989 8 1 ouncK USS pm My MO 0p« Lm ••a* 3MJ0 349JO moo 344J0 +aio w 344J0 347 JO m) 10 344J0 wn* Ocf 370-30 372.00 37OJ0 -aio Dk 37X70 375.#0 371*60 ***** -aio Nfc 90 377JO J7V00 377.10 *****
      167 words
    • Article
      Lock icon Price-support proposals for cocoa in doubt
      104 5 AP NEW PROPOSALS from cocoa produoers to re-estab-lish the price-support system in world markets are unlikely to be accepted by consumers, officials of the cocoa-buying nations said on Thursday. The producers were expected to confer in Africa later this month on the proposals, their
      AP  -  104 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      245 5 INCREASE YOUR BUSINESS POTENTIAL VISIT NbcMKAsiaM Organised by Singapore Exhibition VM Services Pte Ltd W nww«iMuut/is<»CJttutßu»ng c 3 Smqjpor? 0972 TH JJM747 m K***** SWC£X Fai 1651 559-5651 unoAPQut »i«twn Supported Ov umondes Folres For 14 years now. Machine Asia has been helping literally thousands of businesses to grow. At
      245 words
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      540 6 Tomorrow will mark another great achievement in the progress of aviation in the USSR, as the Soviet State aviation industries and Aeroflot Soviet Airlines celebrate AVIATION DAY August 20, 1989 Throughout the remarkable 66-year history of the development of Soviet civil aviation, Aeroflot has made rapid advancement in the world
      540 words
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  • COMPANIES & STOCK MARKETS
    • Article
      JC-MPH, HTP to acquire 22.5pc stake in Boustead plc
      476 7 TWO JACK CHIA-related oompanice Jack Chle-MPH and HTP Holdings Ltd art acquiring a combined 22.6-per cant stake in UK-baaed Bouetead pic tor £9.9 million. In aeparate announcemente yeeterday, HTP Holding® (formerly Hotel Tal-Pan) and JC-MPH aald they have entered Into agreement®
      476 words
    • Article
      Tan Chong earnings up five times
      644 7  -  By ROSIE TAN TAN CHONQ Motor Holdings. < distributor of ths popular Nissan < rsnga of vahiclaa, has rawed up a mors-thsrvflvs-tlmss Increase In sarnlngs on a tumovar cloaa to MSI billion at half-time. For the elx month andad Juna 90. 1060. •'tor-** P
      644 words
    • Article
      Far East Asset buys four properties for M$11m
      342 7 IN AN EFFORT to Inoreaee Its land bank. Far East Aaeet Bhd (FEA) It acquiring a total of tour placaa of freehold property In Kuala Lumpur, Batu Pahat and Johor Baru tor M 611.06 million. FEA. whloh waa formarly known aa Unlllto
      342 words
    • Article
      Lock icon Kamunting expects to finalise KSM deal in November
      414 7 Barnama KAMUNTINO CORPORATION Bhd'a (KCB) propoaad aoqulaltlon of all tha um(i of Koparatlf Sabapuna Malaysia Bhd (KSM) la axpactad to b« oomplatad In nK>v#mD#r. Mr C L Wong, ganaral managar (oorporata davalopmant) of KCB aald aftar tha company EQM In Kuala Lumpur
      Barnama  -  414 words
    • Article
      Lock icon UEM's Plus awards expressway contracts totalling M$116.4m
      257 7 Barnama UNITEO ENGINEERS Malaytlt (UEM) Bhd't Projak Labuhraya Utara-Salatan Bhd (Plua) hat announcad tha award of two contracts, totalling M 5116.4 million, for tha construction of tht Dtmtnttrt-Bungal Buluh link batwaan tha Naw Klang Vallay axpraatway and tha North-South axpraaaway. Tha contracts wara
      Barnama  -  257 words
    • Article
      UPP maintains its performance for first six months
      287 7 IN BPITI OF a alight dkarupbon In production, papar manufacturer United Pulp and Papar Co Ltd (UPP) hat managed to maintain Ite profits tor tha six month# ended June 80, IMB. UfT poviM group nti prows of 91.94 million oompared with 11
      287 words
    • Article
      Metro unit sells Kallang Pudding site for $16m
      302 7 METRO HOLDINGB Ltd's 86 par cant subaidlary, Marlt Realty Pts Ltd. hM told its industrial land at Kallang Pudding Road for $16.06 million. Tha land was sold to Ellta Holdings Pta Ltd on Aug 14 and 10 par cant of tha salaa
      302 words
    • SES
      • Article, Illustration
        Index at post-Crash high but general market edges lower
        1129 8  -  by JOSEPHINE CHAN SHARE PRICES ended lower across the board but the Straits Times Industrials Index, aided by strong gains in a few component stocks, hit a post-Crash high yesterday. Brokers said share prices saw early falls in sympathy with a
        1,129 words
      • Article
        Unit trusts
        302 8 Manager*' prices for Aug 19 Royal Trust Sac Asia r S'por* G» fund 087* Ml* IT Aiia- Poc Gr Fund 1.125 1.175 Singapore Unit Trust TU Commtc* 1.19 126 T1m Savings fund 107 1.13 S'por* Prog fund 0l4B 0 S3 S'pora S«c Fund 0 74 a7T S port
        302 words
      • Article
        COMPANY MEETINGS
        56 8 CK TAMO LIMITED: 29th AGM at 310 320 Orchard Road, Singapore 0923. today at 11am. TAT LEE BANK LIMITED: EGM at Conference Room, 63 Market Street #14-00, Tat Lee Bank Building, Singapore 0104, today at 10am. THE UNITED MALACCA RUBBER ESTATES, BERHAD: 75th AGM at No.SH. Jalan Laksamana
        56 words
    • Article
      SES SHARE INFORMATION
      6343 8 1988 High Low Tal Coda Company 113 OCVol Day L f000) High Low B jm( Qui uyer Sa Ma >lter Qr-a Qr*s D6v Dlv Y*M Net Cvr P/E MCjJP 284 124 1 1543 CK Tang Wt 1990 81 75 1 1581 Chuan Hup No** 45* 14* 1
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    • KLSE
      • Article, Illustration
        KL ends generally weaker
        3554 9 SHARE PRICES encountered further profit-taking and finished generally easier on the Kuala Lumpur stock market yesterday. However, selected blue chips bucked the trend. Brokers said the blue-chips were re-rated following the run-up of second and lower liners. The gainers, a number of which are component stocks,
        3,554 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Taipei to inject funds into China Shipbuilding
        455 10 Reuter THE TAIWANESE government hopes an infusion of NT$lO billion into state-owned China Shipbuilding Corp by end-1989 will slash losses and make the island's largest shipbuilder a candidate for privatisation. Chen Chio-wei. spokesman for the government Commission of National Corporations, said in Taipei
        Reuter  -  455 words
      • Article
        Lock icon JAL in cargo service tie-up
        180 10 Reuter JAPAN Airlines Co Ltd (JAL) has joined five US airlines in expanding air cargo services between the two nations, a JAL spokesman said. Japan and the US have been unable to reach agreement in bilateral talks on expanding aviation routes, and this has forced
        Reuter  -  180 words
      • Article
        Lock icon Hutchison signs HK$10b loan
        78 10 Reuter HONGKONG-LISTED Hutchison Whampoa Ltd has signed a HKSIO.S billion loan to finance development of its 80 per cent-owned container terminal unit Hongkong International Terminals Ltd. Bankers say the loan is the biggest syndicated loan ever signed in Hongkong and is a key boost after Beijing's
        Reuter  -  78 words
      • Article, Illustration
        Lock icon Mixed close
        420 10 Tokyo Reuter THE TOKYO MARKET took a breather after lurching to record highs this week, closing mixed in very thin trade yeeterday. A sharp decline in the US June trsde deficit booeted the dollar overnight, further convincing many players to postpone action until after the weekend. Buyers picked
        Reuter  -  420 words
      • Article, Illustration
        Lock icon Stocks close lower
        203 10 Sydney Reuter AUSTRALIAN STOCKS closed lower in mixed trade yesterday as profittakers took sdvsntsge of recent gains, dealer* said. They said the market failed to attract much interest from oversees investors and was now swsiting direction from Well Street. "The msrkst looked very tired today, the bond
        Reuter  -  203 words
      • Article, Illustration
        Prices sharply lower in active trade
        1264 10 Hongkong PRICES on the Hongkong Stock Exchsngs clossd sharply lower In active trading yesterday. The Hang Seng Index, the market's key indicator of blus chips, fell 43.62 points to ctoss at 2,573.16. Turnovsr totallad HK51.624 billion, up from Thursday's HK$767 million. Share prices opened
        1,264 words
      • Article
        Lock icon New Zealand: Profit-taking
        189 10 Reuter NEW ZEALAND shares closed lower yesterday after late profit-taking wiped out early gains but brokers said the underlying sentiment remained bullish. "The market opened firmly acroea the board and the Barclay's Index roee nearly 30 points to hit a new post-Craah high," one broker aaid, "But
        Reuter  -  189 words
      • Article
        Lock icon Bangkok: Index up
        157 10 Reuter THE SET Index cloeed at 650.13 yesterday, up 6.64 points. Turnover was 15,233,470 sharee valued at 1.682.26 million baht AIM 16 AHT Saha Ste»a Union"* pteui .274 1ft uneh 100 Amarlcan Standard AoKhwnThtl 364 unci* -025 uneh Stem CHy S361 >166 assxssr 1 OJ BMI Conwntf
        Reuter  -  157 words
      • Article
        Lock icon New Zealand: Profit-taking
        189 10 Reuter NEW ZEALAND shares closed lower yesterday after late profit-taking wiped out earty gains but brokers said the underlying sentiment remained bullish. "The market opened firmly acroea the board and the Barclay'a Index roee nearly 30 points to hit a new post-Crash high," one broker said, "But
        Reuter  -  189 words
      • Article
        Lock icon Taipei: Higher close
        362 10 Reuter THE TAIWAN Mock index ended higher yeetorday as the market gathered steam on a etrong showing by paper and electi onIce storhs. dealers said. The weighted index roee 132.66, or 1.36 per cent, to finish at 9,720.00 against Thursday'a 9.567.34 close. Turnover, which hit a record
        Reuter  -  362 words
      • Article
        Lock icon Seoul: By-election jitters
        294 10 Reuter SEOUL STOCKS fell in moderate trading yesterday aa Invaatora got the jitter* over by-eiectton reaults due out today, brokers said. The compoaite index shed 2.82 points to dose at 201.87. Volume waa 273.5 billion won against 308.3 billion on Thursday. Six candidaftss are running in the
        Reuter  -  294 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Wellcome shines in mixed opening
        841 11 New York Reuter SHARE PRICES among major UK stocks opened mixed in moderate trading yesterday, reflecting disappointment that Wall Street ended with a loss, having failed to take heart from a narrower than expected US June trade deficit. But the FTSE-100 Index rose due to
        Reuter  -  841 words
      • Article, Illustration
        Lock icon Wall Street gain lends support
        957 11 London Reuter WEDNESDAY'S firm trend continued yesterday morning on the London market as modest demand saw marketmakers pushing prices higher in a market starved of stock. A small gain on Wall Street also served to support London's upward trend. The FTSE index opened 15.6 points
        Reuter  -  957 words
      • Article
        EUROPEAN MARKETS ROUNDUP
        1621 11 AMSTERDAM: In quiet early afternoon trading yesterday shares in bank ABN rose to 45.50, up from the day's low of 45.10 and a 45.20 Thursday close after it reported a first half net profit of 351 million guilders, up from 306 million last year. The CBS all-share
        1,621 words
      • Article
        Lock icon BAT likely to rely on returns for defence
        550 11 Reuter BAT INDUSTRIES pic's defence against the £13.6 billion bid by the James Gold-smith-led Hoy lake Investments Ltd is likely to concentrate on its record in providing return to investors, share analysts and fund managers said. Since 1981, BAT has produced a
        Reuter  -  550 words
      • Article
        Lock icon SEC to consider Hoylake's offer
        242 11 FT THE BID BY Hoylake for BAT Industries is being reviewed by the Securities and Exchange Commission. the US regulatory body, to determine whether it has any jurisdiction over the offer and to consider the implications for US shareholders. David Ruder, SEC chairman, said he
        FT  -  242 words
      • Article
        Lock icon Goldsmith refutes charges
        140 11 Reuter SIR JAMES Goldsmith refuted charges by US labour leaders that his hostile bid to acquire BAT Industries pic and its extensive US holdings could jeopardise the jobs of up to 55,000 Americans. "I am convinced that as a result of actions taken by me in the
        Reuter  -  140 words
      • Article
        Lock icon GEC-Siemens doubts Plessey's profitability
        172 11 Reuter GEC-SIEMENS pic, the bid vehicle of Britain's General Electric Co pic and West Germany's Siemens AG, says it has doubts about the underlying profitability of and prospects for its target, Plessey Co pic. In an offer document setting out the case for its 270p-a-ehare or
        Reuter  -  172 words
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      127 7 CONGRATULATIONS JtovfK atrttn+* on Aviation Day WELCOME TO A "NEW" RUSSIA for An Unbeatable Choice/ t ri /S u Trans-Sibfrian t 9 Penartg Road, #10-15, Suprama Houaa. Sinoi Tal: *****00. Cabla: TRAVEL WELL. Taiax: RS Fax: *****25 Call us for more information. 0923. TRWEL. Congratulations S&vt&t airttsf* on Aviation Day
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      12 7 CURRENCY INVESTMENT Wll KM I I'KI ss 11 \\K TEL: 321 3333
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      110 10 FOR THE VIEWS OF HUUVCML EXPERTS exchange rates affect your business. BANKING FINANCE brings to you the views of experts in Singapore as well the other financial centres, from Hongkong and Tokyo to London and New York, on a sector which is getting more unpredictable and volatile. Find out how
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      39 10 Stock prtcM ww no! available Do you know that ailurophobia is an aversion to cats? Sell your cats, puppies and other pets to people who'll love to have them. i Just call us today for effective classified ad s
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      0 11 _;$)=:$(]]`\-/>%[[%"',}|~/{*~\)
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      7 11 PARIS: French share prices MILAN: Not available
      7 words
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      457 11 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF THE COUNTRY PIE SHOPPE PTE. LTD. (In Members' Voluntary Winding-up) SPECIAL RESOLUTIONS PASSED ON 16 AUGUST 19SS At an Extraordinary General Meeting of the Company held at Pelangl Beach Resort Pulau Langkawl Malaysia on 16 August
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      522 11 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 80) AND IN THE MATTER OF BROADMOORS (8) PTE LTD (Incorporated In the Republic of Singapore) (In Liquidation) Members' Voluntary Winding-up At an Extra-Ordinary General Meeting of the members of the abovenamed Company duly convened and held at 8 Jervols Road.
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      159 11 J-ti X 3; end are hereby authorleed to exerciM any of the powers given by Section 272 (1) (b). (c),(d)and (e).oftoeCompaTRANSFER TECHNOLOGY (SEA) PTE LTD Voiuntary NOTICE IS HEREBY GIVEN tm too creators of the abovenamed company, which is being apound up voiuntarly are required on or before tm I9to
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  • Article, Illustration
    Malaysia downplays row over US military facilities
    636 12  -  STORE OFFER MAY BE TO GET FEEDBACK, SAYS OUTGOING ENVOY By JOHN THOMAS MALAYSIA'S outgoing envoy said yesterday that Singapore's offer to host some US military facilities, which has sparked a debate in the region, was perhaps an attempt at gathering feedback. Dato'
    636 words
  • Article
    Lock icon Laos urges S'pore to abandon offer of military facilities to US
    192 12 AFP, LAOS, a close Vietnam ally, has condemned an offer by Singapore to provide military facilities to the United States in an official radio commentary monitored in Bangkok yesterday. Radio Vientiane urged Singapore to abandon the idea calling it
    AFP,  -  192 words
  • Article
    Japan may see emergence of coalition politics: don
    391 12  -  By BOEY KIT YIN THE ONE-PARTY dominance that haa marked Japaneae politics since 1948 is likely to give way to coalition politics if forthcoming elections tor the Lower House of Diet produce the same results as thoee in the Upper House, says
    391 words
  • Article
    Lock icon Kaifu asks cabinet members to quit factions
    336 12 Reuter IN ONE of his first moves towards promised political reform, Japan Prime Minister Toshiki Kaifu asked his cabinet yesterday to quit the ruling party factions blamed for wielding too much behind-the-scenes power. Political analysts said, however, the move is unlikely to satisfy
    Reuter  -  336 words
  • Article, Illustration
    Lock icon Jaruzelski nominating Mazowiecki as premier: Solidarity sources
    458 12 AFP, Reuter SOLIDARITY editor Tadeusz Mazowiecki said yesterday he expected to form a government, the first in eastern Europe not led by Communists since the late *****. Mr Mazowiecki, 62, told reporters he had conferred with President Wojciech Jaruzelski for two hours and
    AFP,; Reuter  -  458 words
  • Article
    Lock icon Exxon Chemical proposes US$800m project in M'sia
    366 12 Bernama EXXON CHEMICAL, a division of American oil company Exxon, has proposed to the Malaysian government a US$7OO million to US$BOO million (M 51.87 billion to M 52.14 billion) joint-venture complex in Kerteh, Trengganu. The company has applied to the Malaysian Industrial Development
    Bernama  -  366 words
  • Article
    Lock icon French proposal could break deadlock, says Sihanouk
    459 12 AFP CAMBODIAN resistance leader Prince Norodom Sihanouk said on Thursday that a proposal to give his Khmer Rouge alliee a largely symbolic share of power could break the deadlock in talks in Paris on the country's future. Prince Sihanouk said that the proposal
    AFP  -  459 words
  • Article
    'Hun Sen's position as PM is not stable'
    545 12  -  By DAVID CHEW A PROMINENT Cambodian politician haa urged the international community not to recognise the Vietnamese-backed People's Republic of Kampuchea (PRK), claiming that Hun Sen's position as the Prime Minister of the Viet-namese-backed Phnom Penh regime is not as stable as
    545 words
  • Article
    Lock icon Be ready for general election: Mahathir
    249 12 Bernama THE Barisan Nasional should be prepared from now to face a general election which can be held anytime from now to 1001, Datuk Seri Dr Mahathir Mohamad said on Thursday. "We have to practise by holding rehearsals, like for the SEA games. We
    Bernama  -  249 words
  • Article
    Lock icon Beijing denies minister under arrest
    229 12 Reuter CHINA'S Defence Ministry yesterday denied a Western report that Defence Minister Qin Jiwei had been arrested by troops loyal to the president. "It's pure rumour-mon-gering," a ministry official said when asked to comment on the report from Hongkong by a Western news agency. Mr
    Reuter  -  229 words
  • Article
    Lock icon Comex gold and silver
    87 12 Reuter COMEX GOLD futures trended slightly higher early yeeterday, hovering above unchanged, as commission houses and locals covered short positions in dull dealings. Gold failed to react to the release of the July Consumer Price Index which was in line with economists' expectations. Most-active December gold
    Reuter  -  87 words
  • LATE FILE
    • Article
      Lock icon Accord on lowest chip price
      69 12 AFP SIX JAPANESE companiea have signed an agreement to set minimum prices for semiconductors sold to the European Community for five years, an International Trade and Industry official said yesterday. The agreement settles a two and a half year anti-dumping dispute between the six companies
      AFP  -  69 words
    • Article
      Lock icon Jump in budget requests expected
      48 12 Reuter BUDGETARY requests for the year starting next April 1 to be filed with the Finance Miniatry at end-August may show a fairly big jump due to rises in national debt servicing costs and tax grants to local governments, ministry sources said. Reuter
      Reuter  -  48 words
    • Article
      Lock icon Chinese current account deficit
      48 12 AP SOARING imports contributed to a US$3.B billion deficit in China's current account last year, official reporta aaid yesterday. The State Administration of Foreign Exchange recorded an increase, however, in China's foreign currency reaervea, excluding gold, to U5517.35 billion from U5515.24 billion in 1987.
      AP  -  48 words
    • Article
      Lock icon UK inflation falls after 19 months
      56 12 Reuter BRITAIN yeaterday announced the first fall in inflation in 19 months, indicating the riae in the cost of living had peaked and would aoon slow down. The retail price index showed an 8.2 per cent annual increaae in July against 8.3 per cent
      Reuter  -  56 words
    • Article
      Lock icon Work or be fired warns Aquino
      39 12 AFP PHILIPPINE President Corazon Aquino, admitting that her government had failed to enforce justice evenly, ordered state prosecutors yesterday to go after rich and powerful violators of the law or be fired. AFP
      AFP  -  39 words
    • Article
      Lock icon Estonian workers call off strike
      37 12 AP TENS of thousands of Russian workers in Estonia called off their nine-day walkout yesterday and labour leaders launched intensive talks with the government of the Baltic republic, strike organisers said. AP
      AP  -  37 words
    • Article
      Lock icon Martial law to be eased slowly
      39 12 Reuter THE Burmese government said yesterday that martial law will be relaxed gradually as law and order is restored but gave no timetable and troops remained in strength on the streets of Rangoon.
      Reuter  -  39 words
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      142 13 CALL fTfTfs (a for all your financial needs from any phone, anytime, any place 222 5544 222 8844 Hong Leong Finance Singapore Finance MLf 01S6 tf OIS7 ONOI IT IS A MOMENT YOU PLANNED FOR. REACHED FOR. STRUGGLED FOR. A LONG-AWAITED MOMENT OF SUCCESS OMEGA. FOR THIS AND ALL YOUR
      142 words
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      54 14 ©T welcomes letters from Its readers. Letters must include the author's name, address and home and office telephone numbers. BT reserves the right to edit letters for purposes of clarity and space. Please address letters to: The Editor, Business Times, Times House, 390 KlmSeng Road, Singapore 0923 or send them
      54 words
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      153 15 ANY COUNTRY THAT TAKES THIS MUCH TROUBLE OVER A NOODLE OUGHT TO HAVE ITS FURNITURE EXAMINED. It's amazing what can be done with eggs flour and furniture that could make you want to burst into song. see them for yourself. The colours are bold. In fact water when you add
      153 words
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      Page 16 Advertisements Column 1
      157 16 Whereto entertain... Where to entertain... Where to entertain... Where to cs The best live jazz in town Hours: 5.00 pm -2.00 am Level 3, The Westin Plaza Happy Hours Mon-Fri: 5.00 pm 8.00 pm The Westin Plaza Raffles City 2 Stamford Road. Singapore <#H7 WESTIN Hotels Resorts K I i
      157 words
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      Page 16 Advertisements Column 2
      152 16 The Prime Time. Joe Norman will entertain nightly with your favourite songs in Spanish. Japanese, Indonesian and etc. nightly from 7.30 p.m. to 12.30 a.m. HlrtG COURT MOTti. No. 1 Tanglin Road Singapore 1024 Dine under the stars Enjoy Steamboat under the hlWi stars at only $9.00 per person A
      152 words
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      175 16 g&5 TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOD EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE FAMILY. SUNDAYS ONLY!
      175 words
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      Page 16 Advertisements Column 4
      225 16 M ■l U m mm 'ju 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. But only on Sundays between 11.30vn and 2.30pm. And for a limited period. Zi 'A a -y, BV
      225 words
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      Page 16 Advertisements Column 5
      244 16 AN EXHILARATING ALPINE EXPERIENCE AWAITS SK t < x f •j c sr 1 It's the largest Swiss buflet in town—a month-long feast of over 69 Swiss favourites, from appetizers to desserts. Savour to your heart's content, Buendner Platte (Air Dried Beef and Ham), farm fresh cheeses and breads, Fondue
      244 words
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      136 17 entertain.. Evemy Sunday Theme's A Family Feast In The Pamk. At the Hubert us Grill, Sunday brunch is a great outingfor the family. A glorious buffet spread if laid out for both grown ups and children. And to make sure the kids are truly entertained, there's an exciting Mattel playroom.
      136 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      701 17 CRYPTIC PUZZLE ACROSS 9Would you like a question dealing with it? (3, 5) 10 Turn round, mate (3) 11 For a human, it's fatal (6) 12 Said yes it is a silver pipe (6) 13 A dirty blue (7) 14 Not all add up, you say (4) 15 Who's got
      701 words
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  • Executive Lifestyle
    • Article, Illustration
      Paris — a revolutionary hit always
      1176 19  - Paris a revolutionary hit always I love Paris every moment... and this bicentennial year especially, Parisians hope the world does. For MALINI TAMBYAH, gay Paree will always be a revolutionary hit, whether heads turn, roll or drop at its new memorials... MALINI TAMBYAH, Beautiful to some, ugly to others. I
      1,176 words
    • Article, Illustration
      The Case of the Sudorific Swing
      658 13  -  Hop, hop. Jump, jump. Drip, drip. That sounds very much like a successfully sweaty Swing Singapore. But all was not well, just days before this merry-making. SAMUEL EE discovered a plot to sabotage Singapore's second Swing. Disguised as a Lucky Plaza tout, he went
      658 words
    • Article
      STRAWS in the Wind
      368 13 THE BULLS are teck in Wall Street pushing stocks to their sll-time highs. Market watchers insist that the economic and business climate which is fuelling the market this time is very different from the environment that preceded the October '1967 crash and that a second crash
      368 words
    • Commentary
      • Article, Illustration
        High time we got our Datuk Seri, Datin Paduka and Encik right
        1138 14  -  ZHOU MEI AN UNTHINKABLE thought! Surely the redoubtable Rafidah Aziz has not been seized by mid-life crisis or perhaps pressures of office and sought refuge in doing something totally out of character like changing her sex?! For isn't
        1,138 words
      • Article
        Let's return to quill pens, powdered ink and papyrus
        959 14  -  KEN MEIERDIERCKS The author la a consultant on training development programmes AMIDST all the explosions, nuclear, educational, and population with its baby boom, who would have thought that the information explosion would have crippled us so? We had looked to information
        959 words
      • Article, Illustration
        Trading fire with cultural mafia
        888 14  -  ASAD LATIFF THERE is no way of denying it Who but Colonel Muammar Gaddafi would have the spare guns to take on the Lit Crit mafia with the claim that Shakespeare waa an Arab? The Libyan leader's revelation calls sttention to two qualities that this
        888 words
      • Article, Illustration
        Britain's moral obligations to Hongkong
        1307 14 letters to the Editor Deer Sir It is not surprising that the i British colonist government had such an easy job of governing Hongkong people. Given our docile polite nature, we have willingly kept out of politics and just worked hard to eern money. Moreover,
        1,307 words
      • Article
        Clarification sought on bid to set up Enterprise Centre
        372 14  -  DAVID H K GOH Dnt Sir I refer to the press statement of Mr Cheung on the proposed Enterprise Promotion Centre (EPC) (BT, August 8). Arising from the statement, I would like to seek his clarification on the following issues: 1.
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      • Article
        Commission charges: We are still competitive
        162 14  -  PETER CHIA PubNc Allaire Manager Slock Exchange of Singapore 4" DMf Sir WE refer to the letter "Time ripe to lower commission charges?" by Mr Ong Eng Cheng (BT. July 29-30, 1989). In Jenusry 1988, the Stock Exchange of Singapore introduced a graduated scale
        162 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        The greatest red wine Down Under
        782 16  -  By N K YONG THERE IS a winemaker In Australia named Max Schubert who is now 74 years old. Long retired from active winemaking, he is highly respected and much revered as the Grand Old Master of Australian winemaking and as the creator of
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      • Article, Illustration
        Murder, she wrought
        800 19  -  Alarmed by several recent stories of female acts of murder, no less, SAMUEL EE spoke to a sociologist to find out why women kill their husbands with such passion. Subsequently, he devised a chauvinistic guide to black widows or how to read the warning signs before you
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      • Article
        Not the hottest lingo in town
        944 19  -  JLetter from. 9-ConglkpTig ■y FOO CHOY PENG IF YOU FIND s group of Chinsss folk spssking in English smong thsmsslvss, you can be sure, eight out of 10 times, that they are Singaporeans. That wss whst s Hongkong frisnd told me. snd indssd sxperlence
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      • Article, Illustration
        Co-producing all the way to H'wood
        648 19  -  SHOWBIZ? By KHOO HOW SAN THE PHONE rings at the Pentagon. American Defence Secretary Richard Cheney picks it up. Cheney: Yes? Voice: Greetings, infidel I mean, Mr Cheney. This Is Gaddafi. I hear co-production is the lateet thing and I want in. Cheney: Er...
        648 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article, Illustration
        FLOWER POWER
        318 17  -  FASHION By SAMUEL EE THE PHILIPPINES has it. Malaysia has it. So does Indonesia. But not Singapore. No. it's not idyllic beaches with endangered turtles laying eggs. It's a national dress. Unlike the Filipinos in their barong and terno, and the Indonesians in their baju kebaya, poor old
        318 words
      • Article
        Research on breast-feeding: fault lies in interpretation
        877 17  -  HEALTH By RICHARD SEAH Richard Seah is the Editor of The Qood Life, a local health magazine. IF SCIENTIFIC reeearch leads us to believe that a cow and a factory can produce better milk for a baby than a mother can. tome serious
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      • Article, Illustration
        BILLBOARD
        765 17  -  Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Singapore Dram* Feattval '99. Main programmes for this weak: 77m Towkay'a Daughter by Stall* Kon to be staged by STARS at Botanic Gardens, Aug 20, spm. Round and Round Wa Qo by the Chuen Lei Literature Arts Association and Broadway Playhouse, Aug 20
        765 words
      • SHORT TAKES
        • Article
          Running for Joy
          157 18 IMAGINE being on the threshold of death and then being given a new leaae on life. Then you can experience the Joy of organ recipients and tranaplant patients. And they will be expreeeing this joy at the Tranaplant Games to be held in Singapore from Sep 10-14.
          157 words
        • Article
          Towards excellence, Marina Mandarin forever
          128 18 ONE HOTEL in Singapore has considered its campaign to promote better service as "novel". Apparently, Marina Mandarin will set aside one day Aug 21 to pay tribute to the staff for their past efforts end "introduce a more focused approach towards service". The hope? That
          128 words
        • Article
          Baby talk
          118 18 PARENTS who don't already know that a "kid" does not neceeearily mean a "young goat" should attend the parenting seminar "I am the Future". It will be presented by the people who gave you the Tumble Tots programme Bill Coegrave and Nik Stuart from the UK. To be
          118 words
        • Article
          Not quite the Singapore Sling
          103 18 TONIGHT'S Swing Singapore down in Orchard Road will see revellers down up to 80,000 lltrss of soft drinks. According to FAN, this is the amount that is axpected to be consumed by the thirsty masses. For its sponsorship, FAN has baen awarded the privilage of
          103 words
        • Article
          Adopt-an-animal
          91 18 THE STANDARD CHARTERED BANK has adopted eix scimitar-homed Oryxee at the Singapore Zoo, including a new-born. For that honour, the bank spent $8,000 to be associsted with this endangered species. Said Brian Rogers, head of Its retail banking divieion: "The adoption ie part of the bank's goodwill gesture to
          91 words
      • Article, Illustration
        Black comedy that's off-beat but enjoyable
        463 18  -  DRAMA FESTIVAL By JAIME LYE QRBBH BOCKS. She weare green socks and she mourns dead TV sets. What kind of a script is this? Not a bad one, actually, by someone named Wlieon Wong, who dreamt up thie witty contemporary comedy that entertained the
        463 words
      • Article, Illustration
        The Mad Singaporean of pop
        467 18  -  By DAVID CHEW A MUSICAL BLEND of the sounds of East and Weat to give a distinct Singaporean flavour is what Dick Lee's latest cassette offering, The Mad Chinaman, set out to achieve. It should be more appropriately called The Mad Singaporean. The typical mannerisms
        467 words
      • Article, Illustration
        Appreciating the 'luck' of an expert
        535 18  -  BRIDGE By SYBIL HOLLOWAY IN TODAY'S deal, Omar Sharif give# a good axampla of how often the average playar fails to appreciate a good line of play taken by an expert. He says: "You can accuse a bridge player of many things infidelity, theft
        535 words
      • Article, Illustration
        An era that cannot be recaptured again
        772 18  -  Roger Loh SOUNDTRACK: Woodstock (AflMfa) SOUNDTRACK: Woodetook H (Attantte) Dateline: August 15-17, 1059. Music and Art Fair, Bethel, New York. In attendance: 400.00Q who want to savour three days of peace, love and music. Let's try to consider this tor a while, in
        772 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Lock icon Bigger role for Nasdaq next year
        1155 20 OTC MARKET IHT NEXT YEAR. Nasdaq, the US over-the-counter market that boasts some of the beet-known names among American growth stocks, will audition for a bigger rote on the international stage. As many as 300 of the largest and moet active over-the-counter shares will
        IHT  -  1,155 words
      • Article
        Lock icon Japan activates OTC market under Jasdaq
        665 20 Reuter JAPAN has started to organise and activate its neglected over-the-counter stock market along the lines of the US securities industry. The Japan Securities Dealers Association has launched plans to introduce an automated information network by 1991 to boost the tiny but growing market,
        Reuter  -  665 words
      • Article, Illustration
        Lock icon More yen likely to be poured into US market
        587 20 WALL STREET Reuter MORE MONEY from Japan is expected to pour into Wall Street stocks in coming months, although memories of the 1987 crash are still making market participants cautious, Japaneee investors and brokers say. Japanese total foreign stock buying shot
        Reuter  -  587 words
      • Article
        Lock icon Convertible issues enjoying the best of both worlds
        631 20 BONDS Reuter CONVERTIBLE debt issues are solidly outperforming straightdebt issues and could continue to do so as they enjoy the best of both worlds falling interest rates and rising stock prices, analysts said. Growing investor interest in convertible debt securities has been
        Reuter  -  631 words
      • Article
        Analysts still optimistic about Philippine shares
        1146 20  -  MANILA STOCK MARKET ■y AL O LABITA JR THE STOCK MARKET hit become Manila's latest craze. Consider this: In Msy. the state-owned Philippine National Bank (PNB) floated 10.3 million shsres. representing 30 per cent of its outstanding capital stock ss part of the Philippines
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      • Don't quote me...
        • Article
          Investing in the right name
          208 21 "WHAT'S IN A NAME?" Juliet asked. Well, a lot, if you are a listed company bent on changing your image. Take Guthrie GTS for example. For more than 150 years it was known as Guthrie. Then ownership fell into the hands of the Malaysian Chinese,
          208 words
        • Article
          HUDC flat for a tycoon?
          61 21 MR PAUL SUN, the new owner of Tai-Pan Ramada, likes Singapore so much that he has applied for permanent residence and hopes that the government will approve his application. If he is successful, Mr Sun could technically qualify to buy a HUDC apartment in Singapore
          61 words
        • Article
          Stealing a general's thunder
          211 21 EARLY THIS MONTH, the National University of Singapore held a seminar on the state of the economy at which the econometrics unit offered its forecast of the year's performance. It was a timely session because the government was due to release its second quarter figures and
          211 words
        • Article
          Not for sale
          40 21 FLAMBOYANT MALAYSIAN broker Rashid Hussain was quite happy to help BT build its photo library. "Yes," he said, "I can provide pictures of the building the company has bought. But no, my face is not for sale."
          40 words
      • Article
        Preparing for the years ahead
        685 21  -  FINANCIAL PLANNING By PHILIP TEH ries. By PHHJP TEH, financial consultant, Investment Protection Planning Pte Ltd. KEY EXECUTIVES and business owners in the course of their work make plans to achieve organisational objectives and targets. Yet strangely enough, like most people, they seldom exercise any
        685 words
      • Article
        Warrants: premiums and gearing
        443 21 Conversion terms Premium/ Mi«rrujnt\ Pvnim prices as ano.o.oy txpiry Amount Optional" using Company (m units) Ufrt. In •(!> Ln stk Cash Gearing 4 nils Oilaio Ul •m mths Date value left m C K Tang 16.9 2.290 4.700 1.00 225 -3 2.05 31.5.90 9 Chuan Hup
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      • Article, Illustration
        L & M — room for right suitor to step in
        1012 21  - L M room for right suitor to step in mm By LORETTA McLAUGHLAN NOT SO LONG ago construction was a dirty word on the Singapore stock market But not any more. This week saw some of the. raciest performances come from builders' ordinary shares and warrants. The sector had been
        1,012 words
      • Article, Illustration
        Lock icon Broad trend remains upward
        408 21  -  CHARTPOINT By GOOLA WARDEN WARDEN, chartist. OUB Securities ONE OF the world s most widely followed indices, the Dow Jones Industrial Average has appreciated some 26 per cent since the start of the year and is attempting to challenge its all-time high, as evidenced by chart
        Source: OUB Securities  -  408 words
    • Executive Lifestyle: Sports
      • Article
        A repeat of the KL leg
        590 22  -  TENNIS HONDAKAH OPEN By A SURENDREN THE Honda-Kah Singapore Open Men's Championships ended up aa a repeat of the Kuala Lumpur Challenger leg just two weeks ago. Both finalists of that competition. and unseeded here, will meet today to decide this grudge match. Neil
        590 words
      • Article
        Lock icon Myanmar aiming for 18-20 gold medals
        210 22 SEA GAMES Bernama MYANMAR (formerly Burma) has set a modest target of 18 to 20 gold medals in the SEA Games which will unfold in Subang, Malaysia tomorrow. Its chef-de-mission. Aung Din, said Myanmar was expected to maintain its stronghold in athletics, judo, boxing
        Bernama  -  210 words
      • Article, Illustration
        Sukamdi and Samson — the battle starts next week
        497 22  - Sukamdi and Samson the battle starts next week GOLF By CHARLES SAVAGE THE HOT favourite for the SEA Gamee gold for golf, Indonesia's Sukamdi, will be lurking around the fairways of Saujana, Malaysia, next week to waylay Sameon and steal the medal. Sukamdi, a 26-year-old Bank Indonesia cashier, missed gold
        497 words
      • Article
        Lock icon Becker, Wilander advance to fourth round
        468 22 ATP CHAMPIONSHIP AP TOP-SEEDED Boris Becker overpowered Vijay Amritraj. even serving one ball under-handed, and No 3 Mats Wi lander beet fellow Swede Niclas Kroon ss both sdvanced on Thursdsy to the fourth round of the ATP Championship in Mason, Ohio. Becker, s 21-yesr-old
        AP  -  468 words
      • Article
        Lock icon Graf advances, Shriver out
        379 22 UNITED JERSEY BANK CLASSIC AP DEFENDING champion Steffi Graf resumes her easy roll through the United Jersey Bsnk Classic with a 6-1, 6-1 victory on Wednesday, but second-seeded Pam Shriver waa upaet by a player ranked 110 th. Graf advanced to the quarterfinals of the US$2OO,OOO
        AP  -  379 words
      • Article
        Six debutantes in Bukit Stakes race
        550 22 ON TRACK WITH JEROME FANDOR RACING returns to Bukit Timah today with the Pesta Sukan meeting for Class 1 and 4 horses. The highlight of the meet is the $175,000 Pesta Sukan Cup to be run next Sunday. This weekend we have two Bukit
        550 words
    • Executive Jobs
      • Article
        Vacancy: Only financial wizards need apply
        537 23  -  By ANNA TEO AS SINGAPORE pitches itself as a total business centre and play base to a growing number of multinational corporations, jobs with regional responsibilities are up in the limelight. Regional finance managers for one. They may be known simply as finance managers,
        537 words
      • Article, Illustration
        Molex's money man in East Asia
        651 23 rflon K 1 Uobd GURDIP SINGH, regional financial controller of Molex Far East South Management, has under his charge eight financial controllers. He himself reports to Molex's vice-president of finance "whom I see a couple of times a year" based in the head office
        651 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        319 23 A V LIVENTALS is the new chairman and managing director of Mobil Oil Singapore. He succeeds Mr LW Allstadt who has been appointed regional executive, based in the US. Before his Singapore appointment, Mr Liventals was regional executive, Mobil South Inc. NIXDORF COMPUTER Singapore has promoted Robin
        319 words
      • Article, Illustration
        Designer ads for better results
        942 23  -  In the labour-strapped market, Job ads are far from a cut-and-paste affair as employers do their darndest to catch the eye of prospects. TAN KEE WEE reports. TAN KEE WEE THE TYPICAL advertisement for a job tends to be uninspiring announcements, found amidst its equally
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      • Article, Illustration
        Happier being king of a smaller heap
        858 23  -  THE BIG MOkSE By SANGEETA MULCHAND NO ONE can accuse Colin GocJdard of letting the nitty-gritty of the world stop him from doing exactly as he pleases. That was apparent from the time he was 17 when he dropped out of school to
        858 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        A familiar old equation
        720 24  -  CINEMA By LAWRENCE TAN LUST POSITION Scandal. You don't need to care particularly about the affairs of other men and women in high places to complete the equation, but this movie is probably banking on those who do and those old enough to remember the sensational
        720 words
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  • Page 22 Advertisements
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      335 22 umiu umui HOLOinas BeßHao (INCORPORATED IN MALAYSIA) NOTICE OF EXTRAORDINARY GENERAL MEETING OF CONVERTIBLE UNSECURED LOAN STOCKHOLDERS NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of UMW Holdings Berhad will be held at the UMW Auditorium, Jalan Utas (15/7), Batu Tiga Industrial Estate, ***** Shah Alam, Selangor Darul Ehsan
      335 words
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      Page 23 Advertisements Column 1
      149 23 The Singapore oMm of a irarior US WaH Slieel Fhm InvNee enWdbly quaMM personnelfor tho poelllon oft OPERATIONS AND ADMINISTRATION MANAGER The successful candidate will be responsible for (Including liaison with Heed Office on) all operational, accounting, management reporting and administrative functions. He or she wtH have to Interact with
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      Page 23 Advertisements Column 2
      9 23 WORLDWIDE EXPRESS® Prompt pick-up and delivery 24 hours aday
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      Page 23 Advertisements Column 3
      116 23 OL? Jk X I 1 m 112 The JMA Group IF YOU'RE A PUBLIC RELATIONS/PUBLIC AFFAIRS SPECIALIST AND YOU'RE GOOD LETS TALK IF YOU WANT TO BE PART OF A LOCALLY- BASED AND REGION ALLY-FOCUSSED GROUP- LETS TALK IF YOU WANT TO JOIN A TEAM THAT PERFORMS AS A TEAM
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  • Page 23 Miscellaneous
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      590 24 The week's movies NMr Merah, Today. 3.10pm, SBC 5 In this Malay movie, a rebellious girl from Jakarta is sent by her parents to live with her grandparents in Kuala Lumpur. But instead of leading a disciplined and studious life, she falls in love with her rather youthful uncle. Raja
      590 words
    • Miscellaneous
      Page 24 Miscellaneous Column 2
      2825 24 SATURDAY' C: Chlnaaa; T: Tamil; Malar, r. rapaal PM Opening and Programme Highlights followed by Honda Kah Singapore Men's Tennis Open Championships (Singles/Doubles, L). Bodywatch Eating for Fitness. Athletes should eat well. What they eat on a regular basis have a profound effect on their day-to-day performance. Some athletes, including
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    • Miscellaneous
      Page 24 Miscellaneous Column 3
      216 24 Backstage, Today, 9.00pm, SBC 12 Don Johnson talks about his now movie, Sweet Hearts Dance, while Patrick Dempeey and Jennifer Connelly talk about theirs. Some Girta. Also, clips from movies starring Matt Dillon, Andrew McCarthy and Pierce Broenan. The Marqabe, Today, 1020pm, SBC 12 Centreatage preeents a romantic comedy baaed
      216 words