The Business Times, 2 September 1989
1989-09-02
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The Business Times
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Title Section12 1989-09-02 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, September 2-3 1989 75 CENTS12 words
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Article, Illustration507 1989-09-02 1 MARTIN SOONG - SCHOOL TO MOVE TO NEW SITE IN BISHAN By MARTIN SOONG AFTER MORE than a year of controversial debate among old Rafflesians over the future of their alma mater, arguably the island's most prestigious if not best secondary school, consensus has finally been reached Raffles507 words
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Article, Illustration485 1989-09-02 1 LEE HAN SHIH - GIANT CULTURAL AND ENTERTAINMENT VILLAGE PLANNED By LEE HAN SHIH AFTER BLAZING a trail in the Australian property market in the early 80s. Ho Whys Chung has chosen to do his trailblazing closer home on Sentosa, to be exact. The 45-year-old hotelier has485 words
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196 1989-09-02 1 PAUL GOPAL - By PAUL GOPAL FINANCE ministers from the Group of Seven (G-7) countries will hold a secret meeting in Washington DC on Sep 27. Canada's Financial Post reported that exchange rate coordination, in particular the issue of further declines in the US dollar, is196 words
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227 1989-09-02 1 AP, Reuter THE US GOVERNMENT said yesterday that its chief economic forecasting gauge rose in July for the first time in three months, further chasing away fears of a possible economic downturn. The Commerce Department said its Index of LeadingAP,; Reuter - 227 words
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Article, Illustration181 1989-09-02 1 SHARE PRICES in Singapore yesterday ended on a firm note on selective buying and bargain-hunting. The Straits Times Industrials Index moved up 7.72 points to 1,363.73. while the Business Times Composite Index roee 3.15 points to 1.216.73. The SES AllShare Index crept up 1.21 points to181 words
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Article42 1989-09-02 1 Reuter US STOCK prices were firm in late morning trading yesterday, buoyed by a rebound in bonds after US purchasing managers said their August index registered its lowest reading since December 1962. The Dow Industrials rose sbout 10 to 2,746.Reuter - 42 words
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Article47 1989-09-02 1 AP LONDON share prices were firming at midday yesterday on moderate volume as last-minute buying at the end of the current trading account squeezed a number of the market's biggest stocks. At 1115 GMT, the FT-SE 100 share index was 10.0 points up at 2,390.9. APAP - 47 words
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Article136 1989-09-02 1 Market holiday The Malaysian market was closed for a public holiday yesterday. Slock Indices rnoay ST Muatrtab Index 1363.73 7.72 IT Composite Index *****3 3.15 HK Hang Seng Index 2506.91 034) Tokyo Nfckei Average *****.22 (-82.98 T. i iL« i i 1 oy on#y AH-V" omori®. *****136 words
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Page 1 Advertisements
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Advertisement282 1989-09-02 1 Nikon Hli nin ■■■■■»illn QkM^n Int VfUf hi 9 ririfw nxHoynpnic oyewm. Raiders of the Lost TTnT Page One Real culture is for the living Page Two Peace at the ends of earth Page Thraa The hypnotic powers of rock music Page Four The personal touch a great tradition Page282 words
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Advertisement153 1989-09-02 1 r? ikon Th>*brtr»Ww—l %fmm. Full report, PAGE Regional mkts, PAGE 10 World martote, PAGE 11 Limited Edition: The Omega Art. Omega Art is unique. The harmonious union of pure forms and contemporary art: on the back of every Omega Art watch is a famous artist's design. Signed and numbered. Produced153 words
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HOME NEWS
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Article, Illustration508 1989-09-02 2 JOCELYN TOH - By JOCELYN TOH AUTOMATION is the theme of this year's Technology Month, which will be launched today by Dr Tay Eng Soon, the Senior Minister of State for Education. The theme was chosen to underscore the message that automation is one of the508 words
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288 1989-09-02 2 ADVERTISERS in Singapore tend to spend too much money on the media without giving enough thought to the level of exposure which would be sensible for the product. This was one of the key points raised yesterday by Allan Rich, chairman and chief executive of288 words
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288 1989-09-02 2 ANNA TEO - NUS CONVOCATION By ANNA TEO SINGAPORE'S growth as an international distribution centre will lead to the setting-up of more operational headquarters and procurement offices, Mr Ng Kiat Chong, executive director of the Port of Singapore Authority, said yesterday. More multinational corporations will use Singapore288 words
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340 1989-09-02 2 A BIGGER number of Singaporeans have been awarded scholarships by the British government this year, thanks to members of the British Business Association (BBA). Seventeen British companies, all BBA members, have joined the Foreign and Commonwealth Office (FCO) Scholarship Scheme, enabling 27 awards to be340 words
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323 1989-09-02 2 SHELL yesterday launched a $150,000 campaign to bestow recognition on the muchmaligned taxi driver. As twelve cabbies topped up their tanks and then roared off on another day of serving sometimes ungrateful fares, Shell reseller market manager Jimmy Quah declared the days323 words
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Article, Illustration180 1989-09-02 2 PILOTS with national carrier Singapore Airlines are unlikely to be lured away by aggressive recruiting campaigns by Australian airlines, according to SIA managing director Or Cheong Choong Kong yesterday. Speaking to reporters at the commissioning of SlA's new Boeing 747-400180 words
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Article367 1989-09-02 2 SRI LANKA wants more Singapore tourists and investments, said Janaka B Nakkawita, Sri Lankan High Commissioner to Singapore, yesterday. Mr Nakkawita told BT at the opening of a Sri Lankan exhibition at the Raffles City atrium that the High Commission is also orga- nising a seminar367 words
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380 1989-09-02 2 THE TRIBOND group of companies has clinched a US$6O million deal to build houses in Sri Lanka. "We are now looking for partners to form a consortium to handle the project,'' said Mr Joe Sim, chairman and managing director of Tribond. Singapore know-how and380 words
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140 1989-09-02 2 TWO INDIAN nationals were yesterday fined $800 each for overstaying for 69 days. Vaithilingam Kamalakaran alias Veeraiyan Rajendran and Chithambaran Tamilisaran were arrested by immigration department officers at Changi Airport departure section on Wednesday. Investigations revealed that Vaithilingam Kamalakaran, 33, and Chithambaran Tamilisaran,140 words
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171 1989-09-02 2 WORKERS are even less likely to be exposed to the dangers of working with asbestos following the introduction of new safeguards which the Labour Ministry announced yesterday. This follows an amendment to the Factories (Asbestos) Regulations, 1960, which will come into force next Friday. Occupiers171 words
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Article165 1989-09-02 2 SINGAPORE will host the first joint Regional Seminar on Mobile Satellite Communications next week. The five-day seminar, starting on Monday, is jointly sponsored by the Asia-Pacific Telecommunity (APT). Inmarsat and ITU. Experts in the field of maritime, aeronautical and landmobile satellite communications will present technical papers. Delegates165 words
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Article445 1989-09-02 2 Seminars and r VS1 Courses v»[ Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 Sep 2 Soles Profeulonoli 1 Hllt-n_n Kr.t.l ninun noTwi CU/AP inrtmononai *****36 Seminar 1989 (Singapore) Club Sep 5 PC Based CAD/CAM SISIR SISIR *****77 Technology Sep 6 Public Relations Hotel New Otani Datasearch *****31445 words
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Page 2 Advertisements
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Advertisement20 1989-09-02 2 SIGNS mm pra mm 11 MOV\MX SIGN CORNER for ALL your sign needs! Spec y 5 1 Cert-e 2" O'C^vo20 words
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FOREIGN NEWS
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451 1989-09-02 3 AFP ASIAN AIRLINES are- looking to expand their operations into the South Pacific to capture a slice of the tourist trade, according to tourism officials in Suva, Fiji. The officials said that Thai. South Korean, Japanese and Indonesian carriers were among thoseAFP - 451 words
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147 1989-09-02 3 AFP APPROVAL has been given for a direct air service between New Zealand and Malaysia beginning next month, Wellington's Civil Aviation Minister Bill Jeffries said on Thursday. The air service agreement would enable Malaysian Airline Systems to serve New Zealand via Brisbane,AFP - 147 words
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Article950 1989-09-02 3 ARRIVALS Operator Sarric* Local From number Mm* KAl KE624 0640 KUL MAS MM646 0850 KUL SiA SQ417 0905 DXt/KHI MAS MH653 0910 PCN MAS MH630 0920 KUL ACA AC888 0925 YYZ/LHR/BOM SIA SQ103 0950 KUL CAL a 806 1000 CGK CPA CX710 1000 CGK SAW KAl 1950 words
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228 1989-09-02 3 AFP CHINA's Metallurgical Construction Corp (MCC) has formed a joint venture with Philippine busineesmen to build an US$BO million hotel and shopping mall in the heart of Manila, spokesmen of the venture said. The New Phil-China Group will start building the New CityAFP - 228 words
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497 1989-09-02 3 MONEY SHORTAGE EXPECTED TO WORSEN NEXT YEAR AP CHINESE Vice-Premier Yso Yilin said on Thursday the government will take even tougher retrenchment measures over the next three years to reduce inflation and restore market order. Finance Minister Wang Bingqian,AP - 497 words
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203 1989-09-02 3 AFP THE PHILIPPINES' trade deficit jumped to 384 million pesos (U5517.56 million) in the first semester of this year, contrasting sharply with a surplus for the same period in 1968, a Central Bank official said in Manila. The bank's deputy governorAFP - 203 words
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463 1989-09-02 4 'RESULT-ORIENTED APPROACH WILL CAUSE FRICTION' AP A GROUP of Japanese economists said last Thursday the United States could expect only greater frictions with its trading partners if it adopted an advisory committee s calls for a more "result-oriented" approach to lowering theAP - 463 words
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411 1989-09-02 4 AFP EMIGRATION "consultants" have been sprouting in Hongkong for the past three months, cashing in on a trend towards exodus heightened by the June 4 massacre in Beijing. A large number of these consultants operate in so-called "emigration sections" atAFP - 411 words
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168 1989-09-02 4 AFP IRAN is seeking US$l.5 billion in compensation from Japan for an amicable settlement on an unfinished joint petrochemical project in southern Iran, Kayhan newspaper reported in Teheran on Thursday. Iranian Deputy Oil Minister Ahmad Rahgozar, quoted by the afternoon daily, saidAFP - 168 words
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253 1989-09-02 4 Asahi NTT, Japan's telecommunications giant, is offering one million yen (U557,140) to anyone who can break its computer program security code. Nippon Telegraph and Telephone Corp (NTT) issued the challenge on Aug 30 in an effort to counter recent reports that anAsahi - 253 words
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308 1989-09-02 4 PAUL GOPAL - By PAUL GOPAL CANADIAN immigration officials have been given until early next year to work out for the first time a five-year immigration plan. The plan would include significantly higher immigration levels. A department officer said in Toronto that Immigration Minister Barbara McDougall wants308 words
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191 1989-09-02 4 AP SOUTH KOREA has told the United States it will begin controlling exports of strategic goods to communist countries sometime in the first half of 1990, the Foreign Ministry said yesterday. Ministry officials said the notification was made during a three-day bilateral meetingAP - 191 words
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325 1989-09-02 4 AP TO COMPETE with universities and industry for the best and the brightest, the US government should be able to hire 500 "world-class" experts for whatever pay the market demands, a consulting company says. The Wyatt Co of Philadelphia. inAP - 325 words
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247 1989-09-02 4 PAUL GOPAL - •r PAUL GOPAL CANADA'S immigration) programme for Chinese, students and nationals fol- 1 lowing the crushing of the,' student protests in Beijing has come under fire frorr\ other nationals, unhappyi with the selective application of immigration policy.» Since early June, Immi-, gration Minister Barbara247 words
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Page 3 Advertisements
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Advertisement12 1989-09-02 3 Cdt jmrOwrHAtmir Air Cmmhm 733)305. A BREATH OF FRESH AIR Air Canada12 words
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Advertisement44 1989-09-02 3 NINA RICCI PARIS W i-. •V- i r if r m fc <:• r M Vfc Available at Boutique Nina Ricci Galenes Lafayette Nina Ricd Corners:- Metro Orchard, Metro Marina. Metro Paragon, Singapore Daimaru Midon Classic Selected Outlets Sole Distributor: Nina Ricci (Singapore) Re Ltd44 words
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Article2164 1989-09-02 4 AT CONVENTIONAL WHARVES Kinryu MaMtota Exp 03/89 *****0 M38 M28 02.09/0800 02.09/0800 03 09/ 0600 0309/0500 Nuolrot Nova 09/89 M2C 02 09/0900 0209/ 2100 Voy No Barilt Arrival Dcpartur* Bengal Dengk Sanui Khonso 05/89 06/89 M4A MQC 02 09/ 1800 0209/ 2100 0309/ 1800 0309/ 1200 Santan2,164 words
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Page 4 Miscellaneous
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Miscellaneous172 1989-09-02 4 \msna m IV//// V////M Global tomporaturos and woathor conditions on Aug 31 Beirut Belgrode Berlin Bermuda Bogota Brltbone Brussels Budapest Buenos Aires Cairo Calgary Caroca* Chicago Copltogen Dublin Frankfurt Geneva u 1 nongKorvg Honolulu Llnmnhnrl HKjmGDOO Istanbul Jakarta JsmolM Jo'burg Kiev K Lumpur Lima Lisbon 23/07 Cloudy 19/05 Clear una*172 words
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BANKING AND FINANCE
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Article209 1989-09-02 5 Reuter MOODY'S Investors Services inc said it may downgrade the debt ratings of Mitsui Bank Ltd and raise the ratings of Taiyo Kobe Bank Ltd. About US$2.7 billion of debt is effected. Moody's said the action reflected the announcement of a proposed merger betweenReuter - 209 words
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249 1989-09-02 5 THE INFLUX OF Japanese banks into Indonesia continues with the world's second largest bank, Sumitomo Bank, opening a new full banking branch in a joint venture with PT Bank Niaga. The new branch, PT Bank Sumitomo Niaga, was opened on Wednesday. It offers a249 words
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500 1989-09-02 5 NYT THE US AGENCY created to liquidate and sell off hundreds of ailing savings and loan institutions announced on Wednesday that it was putting up for sale five institutions with US$lO.B billion in total assets. But officials said it may be as longNYT - 500 words
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472 1989-09-02 5 SOME BANKS MAY RESTRUCTURE OPERATIONS, WARNS MOODY'S AP MAJOR US banks will likely increase their loan-loss provisions this year to protect themselves from shaky foreign loans and an "irreversible process of forgiveness" initiated by the US federal government, according toAP - 472 words
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618 1989-09-02 5 NYT SOME REGULATORS in the US Treasury and the Office of Thrift Supervision are warning that they have found a provision in the savings and loan bailout bill that could force owners of institutions to build up large cash reserves faster than it wasNYT - 618 words
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146 1989-09-02 5 A 16-MEMBER delegation from The Finance Houses Association of Singapore (FHAS) leaves for London todsy for s one-week study tour of finsnce houses there. The teem, led by FHAS chairman Yeo Yong Siang, who is also director of United Overseas Finance, will hold146 words
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135 1989-09-02 5 AFP JAPANESE Finance Minister Ryutaro Hashimoto yesterday flatly denied rumours that some Japanese conservative lawmakers, including himself, were involved in insider stock trading in the planned merger of two major commercial banks. Mr Hashimoto told Japaneee reporters that an investigation by the Tokyo Stock ExchangeAFP - 135 words
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COMMODITIES
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Article144 1989-09-02 5 Telerate CST-180 fuel oil prices were up in light Singapore trade yesterday on the back of reports that cargoes were sold at US$B7.5 per tonne and US$B9U5589.50 per tonne fob Sing. Sellers took the opportunity to seek higher numbers although fundamentals have basically remained unchanged. SomeTelerate - 144 words
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Article165 1989-09-02 5 Chinese Produce Exchange Sellers' noon dosing prices on Sop 1 (SI/100 kg) Coconut oil Bulk FOB 93.00 CM drum FOB 103.00 Now drum FOB 107.00 Copra Mixed (looso) 50.00 sellers Pepper III lie nil MikkA fnunrow wtwtw FOB NLW 490.00 Sarawak whltt FOB foq NLW 460.00 Sarawak spodal165 words
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Article121 1989-09-02 5 CHICAGO BOARD of Trade soft red winter wheat futures closed narrowly mixed on Thursday with nearby values underpinned by overnight export sales of soft red winter and white wheat to Egypt. Egypt bought 458,000 tonnes of wheat, but support to the futures was diluted by the market's anticipation of121 words
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Article142 1989-09-02 5 SINGAPORE: Rubber prices closed slightly easier with Oct 1 RSS buyer quoted at 170.50 cents a kg yesterday. On the TSR-20 Award market, prices closed slightly lower on lack of buying interest in quiet trading. October buyer was quoted at 150.00 cents a kg, down 0.50 cent from Thursday's142 words
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Article197 1989-09-02 5 RAS prices In S cmMq, FOB In batoi B NOON CLOSE Buyers Buyers Sellers bit 1 RSS Prompt 171.00 172.00N 169 JO 170 JON Int 1 RSS Oct 172.00 173.00 170 JO 171 JO Int 1 RSS Nov 173.75 174.75 172.25 173.25 Int 2 RSS OP 169 JO 171197 words
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Article31 1989-09-02 5 (canti/kg) OCTOftER 1989 NOVEMBER 1989 (current month) (forward month) RAS NOON NOON C—.11 f 1 1 r i SSR 30 155.00 157.00N 156.00 158.00N SSR SO 153.00 155.00N 154.00 156.00N31 words
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Article94 1989-09-02 5 CHICAGO BOARD of Trade soybeans eased from midday highs to close up 8-3/4 to 10-1/4 cents per bushel on Thursday. Soybeans closed up 8-3/4 to 10-1/4 cents per bushel in active months with September up 8-3/4 at US$5.BB and November up 9-3/4 to 5.87-1/2. Commercial and speculative buying supported94 words
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Article264 1989-09-02 5 London Commodity Exchange Buyer/Seller dosing prices on Aug 31 (£/tonne unless specified). Previous dosing prices in parenthesis. V0MM Bosh In-storo London, totters option OF London Sop 773/774 (783/789) High/Low 775/762 Nov 786/788 (773/775) High/Low 790/773 So lot (4028) Coco* s*p 781/782 (764/765) High/Low 783/769 Doc 846/847 (824/8 25!264 words
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Article15 1989-09-02 5 Ijk Kl TIN Ootbg pric MJ kg »t on Sap 1 Prioi Closed Tumovf (toraws)15 words
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335 1989-09-02 5 DEXTER LEE - By DEXTER LEE RUBBER TRADERS holding TSR-20 (Technically Specified Rubber 20) contract certificates can now uae them as collateral for bank borrowings. The Rubber Association of Singapore (RAS) announced yesterday that the certlficats, known as MAC (Negotiable Award Certificate), had been accepted335 words
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Article369 1989-09-02 5 HONGKONG: Gold closed slightly lower yesterday in quiet trading pressured by a firmer US dollar. "Selling by Swiss investors depressed the metal but local short-covering gave support at USs3sB,'' a dealer said. "Bullion is expected to stay firm ahead of the approaching long weekend in the US and369 words
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91 1989-09-02 5 Reuter THE US Commodity Futures Trading Commission said on Wednesday it is looking into a piee by British futures trsders to be permanently exempted from a requirement that they segregate the funds of their US clients. Industry sources said a CFTC decision on theReuter - 91 words
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Article54 1989-09-02 5 ROTTERDAM: dosing prtc** on Aug 31 Palm ofl crvdo Somortro/M'jki iilin option (U$)/tom«) Sop/Oct 315* Nov/Doc 320* Jon/Mar 330* Palm oB MO FOB (USS/tom) Sop/No* 2t5* OMn HO FOt (USS/taMw) Sop 292.50* Oct 295* S—orin MO for am M'ria OF Rotterdam (USS/tomo) Sop/Nov MWQUOtOd Patmkomol o* OP (US|/toM»)54 words
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MONEY AND EXCHANGES
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515 1989-09-02 6 AFP THE PHILIPPINES' March for an sgreement with rts cradltor banks for 1>851.4 billion in naw monay along with debt reduction still has "many Ns" in Its way. According to Joaa Fernandez, tha Central Bank governor, succasa dapands on whether tha coontry'sAFP - 515 words
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Article1707 1989-09-02 6 SINGAPORE: SUPPORTED by bullish sentiment yesterday especially after the US dollar broke the 148.00 yen psychological level and a positive expeetion for the US Auguet Job data, the dollar was sent to s high of 1.9756 D-mark, 145.58 ysn snd 1.5617 sterling. It was met intermittently by profit1,707 words
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202 1989-09-02 6 Reuter THE AFRICAN Development Bank expects to borrow the equivslent of US$l.l2 billion in 1000, according to bank executivee. At a recent presentation in Frankfurt Milan Kerno, the bank's vice-preeident for finance, said current 1000 plana called for a 20 billion yen subordinated iaaueReuter - 202 words
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Article59 1989-09-02 6 THE overnight rate on the Singapore money market roee 1/4 point to cloee at 5-7/16 per cent yeaterday. Term ratea were unchanged. SI Int•rbonk i I'OtM el th« doM y< arm Mtvrdo MD Oxr- 9 7/14 9 J/14 3 9/1* 9 1/1* 1-M* 9 3/1* 9 1/1* 359 words
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74 1989-09-02 6 AUSTRALIAN Industry Development Corporation (AIDC), Australia's biggest development bank, is floating a As7s million borrowing on the Weet German market, according to Commerzbank. Commerzbank is leadmanaging the 10-year iaaue. which bears an interest rata of 13-3/4 per cent and is being issued at 101-6/8 per74 words
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Article119 1989-09-02 6 Treat ury bills P*rted hmm Yesterday's dortWQ Day's cods Maturity ND OFFER HK3M LOW 3 months IO«9134N 30.11.89 4.36 4.31 4.34 4.27 6 mooiht 8S*****V 18.01.90 4.20 4.15 4.22 4.15 1 yoor Qovti IY*****F rnment nc 24A5.90 rtei and bondi 4.33 4.28 1 <29 4.28 Period tssu*119 words
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Article, Illustration191 1989-09-02 6 'Indicate* Km everage of the prime lendbig rate* oI 12 RM|er banks In fpora 1II1 ill imerofl ink market n it*s (offer/bid) on 8«p 1 US$ DM SWFC Y«fl 7 4mr» t $7/9 14 1/1*— IS IS/1* 7 4 7/9 7 1/1 7 S/I S 7/1* S/1*191 words
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Article1040 1989-09-02 6 CURRENCY FUTURES OPTIONS MUTft Frfc lay. Sap 1, 1989 0) i f l 1 M» 1 M* LM 1 MR NMl Low OoR sa 2M 53 275 94 JAPAM 353 I t 1 MR 1 Low MO R* Low OoR 71 72 73 302 75 400 400 IMM Thursday,1,040 words
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Article220 1989-09-02 6 IMM currency futures finished weaker on Thursday but above session lows sfter choppy and nervous trading before yesterdsy's crucial August US Jobs data. Economists on sverage forecast a 51,000-job increase in non-farm payrolls and a 5.3 per cent unemployment rate. To compensate for the effect of strikes, especially the220 words
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Article168 1989-09-02 6 Gold futures on August 31, 1969 100 toy ounoK USS par troy ounca Opwi Mgfc Lmm Ma Sap 360j0 MOJO MOJO 399.90 -1.90 Oct 362.30 363.20 361.00 361.70 -XIO Nn 343.60 -2.10 OK "HIT fft 347 AO Ttl tft 4> -2J0 Fab 370.X 371 JO 36*70 369JO168 words
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Article155 1989-09-02 6 ASIAN DOLLAR deposit rat** doosd Itttte changed from their opening levels, in thin pre-weekend trading yesterday. l«l on an 7 day* •7/» 1 movtfh 1/U IS/1* 2 mar+m 1/1* 15/1* 3 montm 7/1 4 Mniis 7/9 9 UMAS 7/• 12 R«ii 9 •7/» FT fyi.» a DM155 words
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Article483 1989-09-02 6 EURODOLLAR FUTURES cloeed mostly lower on proftl-taking and position adjustments in quiet trading on Simex yesterday. Operators were cautious about taking freeh positions before the 123CM3MT release of the key US August employment figures. The market brushed aside a 1.7 per cent drop in US July factory orders, dealers483 words
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COMPANIES & STOCK MARKETS
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347 1989-09-02 7 WILLIAM CHIA - •y WILLIAM CHIA INDONESIAN state-owned oil and gas company Pertamina has signsd contracts with Jurong Shipyard and Keppel Shipyard to maintain and repair its tanker fleet The identical contract, which were signed on Aug 31, are for an initial two-year period347 words
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500 1989-09-02 7 GUTHRIE GTS, the listed vehicle of GTS Trading Pte Lid, haa managed to turn in eubetantislly improvad interim reaulta although ita bottom-line atlll shows a toaa. For the six montha ended June 30, 1900, group loaa after tax and minorttiea waa $41,000,500 words
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205 1989-09-02 7 SIA LENQ YUEN, sxscutive director of Causewsy Inwsatmsnls Ltd, has raised his stake in Sunahine Allied Invsstmsnts Ltd from 10 psr osnt to 14.12 per cent Sunshine informed the Stock Exchange of Singapore yesterday that Mr Sia, alias XJs Ning Yun, bought205 words
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Article, Illustration590 1989-09-02 7 KEVIN GWEE - By KEVIN GWEE CHUAN HUP HOLDINGS Ltd (CHH) is restructuring its investment in Printed Circuits International Corporation (PCI) to realise part of its investment and to bring in a new psrtner with complementary sttributes. It has entered into an agreement to sell590 words
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SES
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Article, Illustration1096 1989-09-02 8 JOSEPHINE CHAN - -iff' JOSEPHINE CHAN LOCAL SHARE PRICES ended the week on a firm note on selective buying and bargain-hunt-ing yesterday. Brokers said intermittent prof-it-taking was weil-abeorbed, with the Straits Times Industrials Index moving up 7.72 points to 1,363.73. The index put on 8.34 points1,096 words
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Article292 1989-09-02 8 Monog«ro' prices far Sap 2 4 Royal Trust Asset Mgt rr S'por* Gr Fund 0865 0905 IT Asio-Poc Gr Fund 1.135 1.185 Singapore Unit Trust OCBC-SiMBL Ir ivestment Til* Savings Fund 1.05 S'por* Prog Fund 0.48 S'por* Sec Fund 0.74 S'por* Invest Fund 083 S'por* Equity Fund 0.54292 words
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Article60 1989-09-02 8 MALAYSIA AICA BERHAO: 20th AGM at Bayan Room, Hotel Equatorial, No.l Jalan Bukit Jambul, ***** Penang, on Sep 7, Thursday, at 11am. CYCLE CARRIAGE LIMITED: EGM at 9 Penang Road, #12-00 Supreme House, Singapore 0923, on Sep 8, Friday, at noon. METALOCK (SINGAPORE) LIMITED: 20th AGM at 2760 words
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Article6156 1989-09-02 8 1989 Htgh Low Tel Cod* Company Last Sale SEP 01 OTVol (•000) Day High Low Laol C Buyer kiola Sailor Qr*a Dtv Dtv C'vr Gr'a rid Nat P/E M Cap Sntll SESDAQ 173 93 216 74 99 122 101 103 196 91% 104 175 100 104 1206,156 words
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COMPANY NEWS
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Article, Illustration597 1989-09-02 9 AL O LABITA Jr - USs4.Bm NEEDED TO FINANCE PURCHASE OF NEW EQUIPMENT By AL O LABITA Jr KEPPEL CORPORATION'S initial offering of shares in Philippinesbased Cebu Shipyard Engineering Works Inc (CSEW) has been oversubscribed. Yong Chee Min, Keppel Philippines Shipyard Inc (KPSI) executive vice-president, said the597 words
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Article593 1989-09-02 9 HUME INDUSTRIES (Malaysia) Bhd's proposed rights issue has been approved by the Capital Issues Committee (CIC) on a revised basis. Hume's adviser, Aseambankers Malaysia Bhd, told the Kuala Lumpur Stock Exchange the proposed rights issue would be revised from the proposed 89.36 million new shares of M$1.00 each593 words
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302 1989-09-02 9 HIGHER INVESTMENT income and improved operations lifted the post-tax results of Singapore Reinsurance Corporation Ltd by 9.7 per cent for the six months ended June 30. The group achieved a posttax profit of $2.6 million compared with $2.3 million for the previous corresponding302 words
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225 1989-09-02 9 UNITED Industrial Corporation has received acceptances and excess applications totalling 180.88 million shares for its one-for-two rights issue. UIC received acceptances for 98.5 per cent or 149.49 million rights shares and excess applications for 31.39 million rights shares. In May, UIC announced a225 words
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REGIONAL MARKETS
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Article, Illustration620 1989-09-02 10 Reuter TEXAS OILMAN T Boone Pickens plans to turn up the heat in his fight for a management say in car parts maker Koito Manufacturing Co Ltd, but securities analysts said Pickens could be the one who gets burned. "Pickens could getReuter - 620 words
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264 1989-09-02 10 Reuter DONG AH Construction Industrial Company, a South Korean firm, has won a Libyan contract to build a water pipeline, the largest single construction contract ever awarded in the Middle East. The value of the 90month contract for the 1,100-kmReuter - 264 words
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221 1989-09-02 10 AFP JAPANESE purchases of foreign securities have declined 30.5 per cent from a year earlier to U559.94 billion in July and were also down from US$lO.4 billion in June. The Finance Ministry said yesterday that net purchases of foreign bonds plungedAFP - 221 words
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Article, Illustration561 1989-09-02 10 Tokyo Reuter BUYERS yesterday packed up early before the weekend, letting share prices > drift to a broadly lower cloee in light trade. Players want to see what US August jobs data and July leading indicators due at 1230 GMT do to exchange rates. Yesterday's weaker yen madeReuter - 561 words
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Article, Illustration419 1989-09-02 10 Australia Reuter THE Australian share market yesterday closed sharply lower as its recent rally came to an abrupt end. The All Ordinaries Index finished 14.0 points down at 1,747.7. Peter Morgan, of brokerage house Jardine Fleming, said much confidence appeared to have gone from the market,Reuter - 419 words
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Article, Illustration1237 1989-09-02 10 Hongkong Reuter HONGKONG share prices yesterday ended mixed after recovering from weakness caused by market talk that Chinese leaders will soon announce the fate of deposed Communist Party chief Zhao Ziyang. The Hang Seng Index closed up 0.34 points at 2,508.91 after being 12 points downReuter - 1,237 words
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Article388 1989-09-02 10 Reuter THE Taiwan stock index yesterday finished higher after a surge in the heavily weighted financial sector lifted most stocks. The weighted index rose 160.53 points, or 1.62 per cent, to close at 10,084.83 against Thursday's closing of 9,924.30. Turnover rose to NT5123.46 billion from NT5107.54Reuter - 388 words
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Article190 1989-09-02 10 Reuter SEOUL stocks yesterday gained in active trading as construction issues soared on news that a domestic firm had won a substantial Libyan building contract, brokers said. The composite index rose 8.62 points to close at 984.10. Trading was 691.4 billion won against 805.8 billion on Thursday.Reuter - 190 words
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Article112 1989-09-02 10 Reuter THE share market yesterday drifted off throughout the day to close 13.81 points lower on the Barclays Index at 2,415.45 after two days of gains. Brokers said they expected the market to trade around these levels next week as it sought a base after itsReuter - 112 words
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Article238 1989-09-02 10 Reuter THAI stocks yesterday closed higher on very speculative trading focused on secondary finance and commerce issues. Blue chips remained firm. The SET Index gained 4.60 points to close at a record 686.52, with 18.9 million shares changing hands. Gains outnum- bered losses two to one. MustReuter - 238 words
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Article181 1989-09-02 10 Reuter SHARE prices yesterday moved erratically on alternate bouts of buying and selling to close mixed in trading shortened to one hour. Buyers were reluctant to enlarge commitments ahead of a long weekend, brokers said. Widespread profit-tak-ing characterised trading at the start but institutional support atReuter - 181 words
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Article175 1989-09-02 10 Reuter BARGAIN-HUNTERS yesterday ruled the floor of Manila s stock market to push prices sharply higher after the shares touched support levels. "All bad news was out already, they've been discounted. So the next thing to do is expect the good news and buy back theReuter - 175 words
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WORLD MARKETS
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Article, Illustration904 1989-09-02 11 New York Reuter WALL STREET stocks on Thursday closed higher in slow trading, with car stocks in the lead. Airline issues slumped amid investor concerns about an anticipated government crackdown on mergers in the industry. Many investors waited for economic data due yesterday. The DowReuter - 904 words
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Article, Illustration885 1989-09-02 11 London Reuter LONDON SHARES yesterday opened firmer in quiet, cautious trading on the last day of a long three-week account with sentiment boosted slightly by a firm close on Wall Street. One trader said: "The market's pretty firm at the moment but I think we mightReuter - 885 words
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Article1538 1989-09-02 11 Reuter MILAN: Italian shares yesterday closed mixed to lower on light profit-taking ahead of the weekend. with De Benedetti shares still depressed by the 40 per cent plunge in Olivetti first-half pretax profits. The MIB Index edged 0.06 per cent lower to 1,236 at the close, onlyReuter - 1,538 words
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213 1989-09-02 11 AFP THE managing director of Aureol Tobacco Company (ATC), Neill Bruce Miller, has criticised the £13-billion bid made by the London Hoylake investment team led by Sir James Goldsmith to buy out British American Tobacco (BAT), of which the Aureol firm isAFP - 213 words
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Article, Illustration498 1989-09-02 11 Reuter ANALYSTS are generally optimistic of General Motors Corps prospects and future growth. "My conclusion from a recent meeting with the company is that GM's turnaround is well underway both from a cost-cutting and product resurgence standpoint," said analyst Scott Merlis of Morgan StanleyReuter - 498 words
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479 1989-09-02 11 Reuter CAOBURY SCHWEPPES pic, a rumoured takeover target, ia likely to command a substantial premium to its present market capitalisation of around £2.7 billion from any proepective bidder. The confectionery and soft drink company reported a 16.2 per cent rise in pre-tax profit to £94.9Reuter - 479 words
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519 1989-09-02 11 Reuter SWEDEN'S Saab, which successfully applied the principles of aircraft building to cars, has plunged into a deep crisis which some analysts say could threaten its survival as an independent company. The Saab-Scania company, which also makes trucks and aircraft, lost one billion crowns (US$l5OReuter - 519 words
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529 1989-09-02 11 Reuter UPJOHN CO could be an attractive takeover target for Swiss chemical companies, but its price tag may be too high for them, analysts say. Swiss financial analysts say Roche Holdings Ltd and Sandoz AG would be moreReuter - 529 words
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Page 7 Advertisements
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Advertisement146 1989-09-02 7 CURRENCY INVESTMENT VI i\ < j i TEL: 321 3333 WE ITAWijU w" «.»>£_ ARE ONE T,X'™E7WW. m UUJPJ ll.lWWii WHERE 10 RND US—THE NEW URA: URA Building 45 Maxwell Road, Tel: 221 6666 Annoce A, National Development Building 9 Maxwell Road, lei: 221 6666 CAR PARKS DIVISION: Golden Shoe146 words
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Advertisement24 1989-09-02 8 Tasty Teochew at Qiao Zhou ~M CtUkii Hmnii OV£) ZHOU GARDEN restaurant -111/ tSfcm® Ijfvel 6 UK BuikJins M Shenkxi Way Td 225 635524 words
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Advertisement15 1989-09-02 9 Fresh delights at Kampachi I Ki-vJ.nn Mil Ijpwl 6. UIT KuildinsShenkHi W.iy TH: 222 461515 words
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Advertisement9 1989-09-02 9 The KLSE was closed yesterday for a public holiday9 words
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Page 9 Miscellaneous
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Miscellaneous17 1989-09-02 9 by Martell 77// A/6, yv-/rZ 77/ V& 7& 6rA#rk&w///v6 c/^-r. 7Z& v/>/Ar?z? &SUMO... m /A. ,)^\~~A j&&17 words
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Page 10 Advertisements
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Advertisement490 1989-09-02 10 ZSSSS THE COMPANIES ACT, CAP. SO NOTICE OF RESOLUTION DOVE GIFTIQUE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Dove Giftique Pte Ltd duly convened and held at 9 Pheng Geek Avenue, Singapore 1334 on Ist September 1969, the following Special Resolution was duly passed: "That490 words
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Advertisement483 1989-09-02 10 In the matter of the Companies Act Cap. 50 and In the matter of SIN LIAN TIMBER COMPANY (PTE) LIMITED (Members' Voluntary Winding-up) At an Extraordinary General Meeting of the members of SIN LIAN TIMBER COMPANY (PTE) LIMITED duly convened and held at 14 Klsmls Avenue Singapore 2150 on the483 words
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Advertisement9 1989-09-02 10 Mid-Career Moves? Read EXECUTIVE JOBS BUSINESS TIMES Every Saturday9 words
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Page 11 Advertisements
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Advertisement13 1989-09-02 11 Frankfurt and Zurich prices wore not available. r i Subscribe now. Call 740-1840/113 words
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Advertisement6 1989-09-02 11 Tha Frankfurt report was not avallabta.6 words
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486 1989-09-02 12 SHOEB KAGDA - ICL TO SOURCE 10pc OF WORLDWIDE SUPPLIES FROM SINGAPORE By SHOEB KAGDA INTERNATIONAL Computers Ltd (ICL), the giant British computer firm, yesterday became the second multinational to set up an International Purchasing Office -<IPO) in the Republic this week. Z This brings486 words
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Article, Illustration520 1989-09-02 12 Reuter JAPANESE Prime Minister Toshiki Kaifu's future depends on how well he juggles policies rather than his loss of a top minister to a sex scandal, political analysts said. The resignation of his chief cabinet secretary over an extramaritalReuter - 520 words
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111 1989-09-02 12 Reuter AUSTRALIAN Prime Minister Bob Hawke yesterday said his government would consider compensating domestic airlines for huge losses suffered in the pilots dispute that has grounded internal flights for nine days. Mr Hawke said stateowned Australian Airlines and its private sector counterpart Ansett had writtenReuter - 111 words
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262 1989-09-02 12 Reuter, AP JAPAN'S growing love affair with overseas travel helped to shrink its bulging current account trade surplus in July for the fifth straight month, economists said yesterday. The surplus in the current account balance, the main measure of trade in goods andReuter,; AP - 262 words
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249 1989-09-02 12 AP, Reuter TAIWAN will increase from US$2OO,OOO to US$5OO,OOO the amount of funds individuals and companies can receive annually in overseas remittances. Central Bank governor Samuel Hsieh announced yesterday. Mr Hsieh told a news conference that the higher ceiling will come into effect nextAP,; Reuter - 249 words
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Article158 1989-09-02 12 AFP THE South Korean government has decided to introduce reforms to the country's backward foreign exchange system ahead of an eventual free-floating of the won, Finance Ministry officials said yesterday. Finance Minister Lee Kyu-Sung on Thursday told President Roh Tae-Woo that the government would allowAFP - 158 words
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242 1989-09-02 12 Reuter CHINA SAID yesterday that it was determined to station troops in Hongkong after the territory reverts to Chinese rule and diplomats called it the clearest expression yet of Beijing's hardline stance. The official China Daily also accused BritishReuter - 242 words
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153 1989-09-02 12 AP A SINQAPORE-registered oil tanker spilled several thousand litres of crude oil on the Delaware River on Thursday while discharging cargo at a refinery, the US Coast Guard said. Tho Minerva, owned by Argo Dua Shipping Pte Ltd, Singapore, spilled the oil whileAP - 153 words
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372 1989-09-02 12 SUZANNE SOH - By SUZANNE SOH MORE THAN $57 million was paid for Cho Building and three prime residential properties, far exceeding the $40 million they were expected to command when tenders were called last month. They were sold to three different buyers, and the prices reflect372 words
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267 1989-09-02 12 CENTRAL Provident Fund members who own public housing units bought in the open market, can now use their CPF money to buy private homes. Similarly, private homeowners can purchase Housing and Development Board flats with their CPF savings.267 words
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Article99 1989-09-02 12 Reuter COMEX gold futures recovered after a brief retreat to new contract lows yesterday in reaction to the dollar's early upswing on the US jobs numbers for August. In a choppy market, December gold moved up US$O.6O at U*****.00 an ounce, with the selling lacking follow-throughReuter - 99 words
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LATE FILE
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55 1989-09-02 12 Reuter OPEC's crude oil output roee way above its self-imposed ceiling in August to its highest this year but the excess has so far failed to hit pricea. A monthly Reuter survey estimated August wellhead output by the 13 members of Opec at 21.62Reuter - 55 words
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Article54 1989-09-02 12 AFP THE European Community's executive Commission yesterday formally rejected a complaint by Pleasey pic of Britain against a hostile takeover bid by two rivala in the electronics sector, Britain's General Electric Co and Siemens AG of West Germany. The announcement removed a major legal obstacle toAFP - 54 words
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Article38 1989-09-02 12 AFP MALAYSIA has decided to ban all rattan exports from the peninsula to ensure that domestic furniture manufacturers have enough of the raw material. Primary Industries Minister Lim Keng Yaik said yesterday. AFPAFP - 38 words
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32 1989-09-02 12 Reuter CHINA and the United States will not resume normal diplomatic ties with Vietnam until the Cambodian conflict is settled, Thai Foreign Minister Siddhi Savetsila said.Reuter - 32 words
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Article33 1989-09-02 12 AP CHINA has set up a special commission to tackle the "increasingly serious problem" of factories failing to pay debts and taxes, the official China Daily said. APAP - 33 words
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Article34 1989-09-02 12 AFP BURMA'S government has condemned 11 people to death for beheading four policeman during laat year's pro-democracy unrest, ths first such sentences handed down by the oountry's military junta. AFPAFP - 34 words
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Article26 1989-09-02 12 AP SOUTH Korea ran a trade deficit of $431 million in August, the biggest monthly trade loss since January 1985. A PAP - 26 words
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Page 12 Advertisements
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Advertisement15 1989-09-02 12 fi» e CARPETS PERSIAN PAKISTAN AFGHAN CHINESE (OLD KILIMS) 60% TO 65% OFF AMIR SONSrtS15 words
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Advertisement135 1989-09-02 12 The office is your business IT'S MORE than just a place to work. Your office is home to your business, your livelihood. It is where critical decisions are made, where.information vital to those decisions must be readily available. It pays to plan your office. And it pays to advertise in135 words
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Advertisement119 1989-09-02 12 21st FESTIVAL OF BOOKS 81 TOWARDS A NATION OF READERS 2 SEPTEMBER -10 SEPTEMBER WORLD TRADE CENTRE HALLS 4,5 11AM. TO 9PM. DAILY ADMISSION FREE, All are welcome! 11.00 am 7.30 pm Seminar on "Publishing Distribution Opportunities in South Southeast Asia"- Organised by Festival Of Books (Invited guests only) 11.00119 words
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Executive Lifestyle
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Article, Illustration736 1989-09-02 13 Nonchalant, yet relentless. Stylish, yet inscrutable. Yes, it's that dangerous, daring and devastatingly debonair treasure hunter, Indiana Chong. Suave and sophisticated, he goes after his prey in nothing less than a /a mode. Fashion writer SAMUEL EE finds out how he risks life, limb andPictures by LIM SIN THAI - 736 words
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Article, Illustration629 1989-09-02 13 Andrea Borch - V with Andrea Borch THE POURING RAIN brings with it a certain musty smell that reminds me of my first months in Singapore. I arrived in Singapore a few weeks after getting married last year and spent the first days doing paperwork, getting over jet lag629 words
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Article, Illustration332 1989-09-02 13 ONE MIGHT have come to accept a white Christmas made of cotton wool. But why is Beauty World Plaza having a "mid-Autumn sale" In late August? Well, tourists from temperate climates may like to know that the moon-cake or lantern festival of the Chinese, is also332 words
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Commentary
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Article, Illustration1229 1989-09-02 14 JOHN THOMAS - JOHN THOMAS THE TRAGI-COMIC thing about writing or speaking on strategic military matters is that it tends to be an exercise in trading information, misinformation and disinformation, all of which feed each other and obfuscate the truth rather than unravel it. The1,229 words
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1216 1989-09-02 14 TYE KIM KHIAT - TYE KIM KHIAT A LOVE for the land is as old as the hills. Consider songs like Home on the Range, This Land is My Land, and The Black Hills of Dakota, and the truism is, well, patent. Consider that moving1,216 words
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Article582 1989-09-02 14 STEPHEN TENG - letters to the Editor STEPHEN TENG Dear Sir I would like to counter the view of Malini Tambyah's article on "Emigrants don't always do their sums and leave", which appeared in BT's Commentary page on 26 Aug 89. Last year 4,707 Singaporean families emigrated overseas.582 words
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165 1989-09-02 14 C T S - C T S Dear Sir, IT is indeed encouraging to learn that the President of the Stock Exchange of Singapore had recently spoken so favourably of Sesdaq stocks. He was so encouraged by the splendid performance of the Sesdaq companies in165 words
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112 1989-09-02 14 D W DISTANT - D W DISTANT o«ar Sir Malayan Flour Mills Ltd s current rights and bonus issue certainly is a "shocker". It was supposed to be a rights issue on a 3-for-4 basis followed by a 1-for-7 bonus issue, with the rights entitled to bonus. Accordingly,112 words
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Article, Illustration1181 1989-09-02 14 HELEN CHANG - HELEN CHANG WHEN I 00 OUT to lunch with Singaporean friends, they often start speaking in Mandarin. Tamil or other languages. It's a way for them to express their own culture in an English-speaking society. More and more Singaporeans are worried about retaining ethnic1,181 words
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Executive Lifestyle: Pursuits
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Article, Illustration872 1989-09-02 15 SAMUEL EE - Dr Frank Todd might have enjoyed being a dissident in Stalin's regime for one reason alone he would have loved the prospect of being sent to Siberia By SAMUEL EE An EXPERT in wildlife and zoological concepts, Dr Todd has spent two toPhotos by Dr Todd. - 872 words
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Article803 1989-09-02 15 STEVE LOHR - By STEVE LOHR NYT FOR MICHAEL FISH, the British Broadcasting Corporation's veteran weatherman, who has a weather-obsessed nation waiting on his every word, it has been a disappointing summer. "I hate hot, sunny weather," the 45-year-old meteorologist and television star confessed. "I prefer itNYT - 803 words
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Article558 1989-09-02 15 JERRY YAP - By JERRY YAP A CLASS REUNION of members from the law faculty? Sounds like fun. A time for lawyers to discard their robes and wigs and boogie away? And legal advisers to stop spouting grim news? And judges and prosecutors to become the558 words
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Article, Illustration900 1989-09-02 16 RICHARD SEAH - HEALTH By RICHARD SEAH Richard Seah is the editor of The Good Life, a local health magazine. A US COURT is to determine whether a piece of heavy metal music could have subconsciously influenced two youths to commit suicide. That is going to be900 words
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Article, Illustration597 1989-09-02 19 PRECIOUS STONES Habsburg Feldman News JEWELLERY, on* traditional means of holding wealth, is currently undergoing one of its periodic migrations. The right combination of economic and political circumstances ia driving some greet gemstones on an inexorable journey towards new ownership. Paradoxically, the tmpulee that starts preciousHabsburg Feldman News - 597 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration903 1989-09-02 17 N K YONG - The personal touch a great burgundy tradition By N K YONG THERE IS a little street in the centre of Beaune, rue d'Enfer, off the Place Qal Leclerc, where the Notre Dame Cathedral sits. The street is lined with houses of light grey-beige stone, and on the little brown door903 words
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Article, Illustration1167 1989-09-02 17 JUANITA SHAKILA - Compiled by JUANITA SHAKILA STAGE PERFORMANCES: Singapore Drama Fastlval '99. Fringe Programmes: School by Act 3. to be performed on Sep 2 and 3 (4.30pm) at No 126, Cairnhill Road. Free. Shall Friday Lunehtlma Cultural Programma. On Sep 8 you can catch Anything But Elephants! at 12.30pm, to be1,167 words
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Executive Lifestyle: the Arts & Pursuits
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Article, Illustration597 1989-09-02 18 DAVID CHEW - NOSTALGIA bv DAVID CHEW COME TO PENNY LANE in Singapore. it's not, of courae. the place mada famoua by tha Baattaa in thair IMB hit Naithar ia it a Riipino band. Ifa a local group whoee repertoire of hits from tha 90a and597 words
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Article, Illustration332 1989-09-02 18 SYBIL HOLLOWAY - BRIDGE •y SYBIL HOLLOWAY THE TENOENCY to use artificial bidding systems by many international players can often create probteme tor the opponents. Todey's hand, written by Alan Truecott during the 1908 Olympied In Venice, has been nominated tor this yeer's IBPA Romex Award for the332 words
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Article, Illustration928 1989-09-02 18 Roger Loh - Wf7/ *!> Roger Loh RICHARD MARX: Repeal Oftsnder (EMI) How soorooriats a title! Singer/songwriter Richard Marx is the kind of erttete most record compeniee benk on for bottom-line profits. He's good-looking, young end. to use industry Jargon, has multi-format appeal. Marx belonge to the928 words
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Article, Illustration884 1989-09-02 18 BOOKS TMe: Surviving fee KMng Flelde: Tlm Cambodian Odysssy of niing o rigor Publisher Pm (471 pegee) Renewed by DAW CHEW WHEN THE FOUR Cambodian groups mot informally in Jakarta from Fob 19 to 21 in ono of those futile attempts to reeoive the protracted Cambodian884 words
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SHORT TAKES
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Article, Illustration73 1989-09-02 18 Talk about early planning. Next year's Arts Fsstival's "Festival Fringe '90" will be launched on Sep 7. 1989, at Fort Canning Hill. Albeit only for the press, the As- sistant Artistic Coordinator for the Feetival, Seah Kit Yen will be ready to tell one and all about73 words
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Article136 1989-09-02 18 THE ROLLING STONES opened their first concert tour in eight years with fireworks snd Mick Jsgger's trademark strut as 50,000 fans jumped to their feet and began a night of dancing at their sests. The Stones, Isunching their 29-city Steel Wheels" tour with concerts at136 words
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Article100 1989-09-02 18 THE YEAR 1968 is expected to be a very fine one so far as the quality of French wines are concerned, unless there are rainy periods before the imminent harvest, the National Office of Wine Industry Professionals says. An Agence Frsnce-Presse survey of wine-growing regions showed optimism100 words
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Article138 1989-09-02 18 INDIAN EXPERTS are investigating reports that thousands of birds are flying long distances every September apparently to commit suicide in the jungles of the northeastern state of Assam. The birds kill themeetvps by diving into firs pits or starving themselves in Assam's Jstings forest and the Federal Zoological138 words
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Article135 1989-09-02 18 HISTORY BUFFS take note: World War Two can be re read and relived in vivid colour and detail. The Battlefield Guide, a fully illustrated and documented guide to the Second World War will be launched at the Singapore Book Fair (Sep 1 to 9). The guide, which135 words
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Article155 1989-09-02 18 "BY TURNING a play into a book, a playwright can speak directly to the reader." And this is what Stella Kon will do. By transforming her play, Emily of Emerald Hill, into a paperback, Ma Kon will be able to reverse what she thinks has been155 words
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Article153 1989-09-02 18 DO YOU remember going on that European tour that very first time? Do you also remember how excited you were to go to the cabaret in Paria? Like the frog in the well who found out there was more to life than a cylindrical brick wall? No? Well,153 words
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Executive Lifestyle: Personal Investment
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Article, Illustration590 1989-09-02 20 HERMAN PHUA - AUSTRIA By HERMAN PHUA THE VIENNA BOURSE, which hat been riding on an exquisitely high note of confidence for the last two years, looks set to raise its bullish symphony by an octave. A combination of situational circumstances has recently been culminating to makeSource: Datastream/Thomton - 590 words
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Article, Illustration886 1989-09-02 20 NEW ZEALAND NYT WITH FOREIGN INVESTORS pouring in, the New Zealand slock market has been the hottest in the world for most of August but the market may have started to cool. The Barclays industrial index of share prices roee strongly this week,NYT - 886 words
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Article461 1989-09-02 20 m Conversion terms Premium/ u%|\ rrices m\ 1.9.0^; (discount) txwrv Amount Optional" using Company (m units) Wits Share Ln stk Conv ratio Exer price Ln stk Cash Cash 1 Ln stk' Gearing 4 mm nom Oats value ISM C K Tang 16.9 2.180 4.460 1.00 225461 words
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Article, Illustration876 1989-09-02 20 DOW JONES The Dow Jones Industrial Average surged past its pre-Crash high for the first time on Aug 24, and again on Aug 28. The record-breaking performance was accompanied by the usual fanfare in the media But what is the Dow, and what does it measure? ThisFT - 876 words
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785 1989-09-02 20 US DOLLAR Reuter POLICYMAKERS FROM major nations and international inveetors are of the view that economic fundamentals should drive the US dollar. They just disagree over which onee. Bank of Japan officials say policymakers from major nations are uneasy about the dollar's recentReuter - 785 words
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Don't quote me...
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Article113 1989-09-02 21 IN HIS SPEECH at an extraordinary general meeting on Thursday for shareholders to approve the purchase of The Octagon for $131 million, Amcol chairman Mr Henri Chollet likened the company to the proverbial Arab caravan. "Whatsoever the noises and the barks, the caravan moves on"113 words
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Article101 1989-09-02 21 MR TOSHIKUNI YAHIRO, chairman of Mitsui Co, the giant trading house and the leading company in the Mitsui group, is apparently a bit unhappy about the name for the bank that will emerge from the proposed merger between Mitsui Bank and Taiyo Kobe Bank Taiyo Kobe101 words
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Article94 1989-09-02 21 REPORTERS COVERING the corporate scene always know when the stockmarket has gone into a lull: dealers call them up for a chat. When the market is hot which is when reporters most need to call people dealers seldom have time to talk. Another indicator of a market lull94 words
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Article99 1989-09-02 21 IT WAS COLD DISH time at the two Westin hotels on Thursday when some of their restaurants were hit by a power blackout at lunchtime. For unexplained reasons, the hotels' normally efficient maintenance crew took a long time about two hours to restore the power.99 words
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Article, Illustration406 1989-09-02 21 C DOW - Money trends By C DOW Mr C Dow is an investment manager for a major pub-licly-listed company in Singapore. THE MAJOR and pronounced downtrend of the US dollar which began in March 1985 appeared to have bottomed out on Dec' 31, 1907, 34 months later.406 words
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Article, Illustration877 1989-09-02 21 LORETTA McLAUGHLAN - mm By LORETTA McLAUGHLAN ALTHOUGH A HANDFUL of shares are performing well these days, the key index stocks are going nowhere, fast giving investors the understandable impression that the Singapore market is in an indecisive mood. This, at least, presents a good opportunity for877 words
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Article, Illustration858 1989-09-02 21 PHILIP TEH - FINANCIAL PLANNING By PHILIP TEH, MANY PEOPLE view retirement as a period in life to enjoy a well deserved rest after a long, rigorous working life. The reality is that most people simply do not know how much money is needed to pursue858 words
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296 1989-09-02 21 GOOLA WARDEN - CHARTPOINT $y GOOLA WARDEN, The Market Hi Perspective RESISTANCE was encountered as the Straits Times Industrials Index approached 1,390. A breakout from this level would therefore imply a strong upmove for the index. The STI Index is testing support level X (chart 1).296 words
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Executive Lifestyle: Sports
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Article, Illustration638 1989-09-02 22 CHARLES SAVAGE - SEA GAMES By CHARLES SAVAGE IT'S a cloudy warm morning in Kuala Lumpur and as the festivities in the Merdeka Stadium slowly die out It's time to take one last look at the past 11 days of competition before consigning those memories to the scrap638 words
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Article, Illustration490 1989-09-02 22 TENNIS AP JIMMY CONNORS, the oldest player at the US Open, showed on Thursday he still has plenty of fight, while Andre Agassi and Michael Chang kept up the march of the US teen brigade. Among the women. No 3AP - 490 words
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Article, Illustration472 1989-09-02 22 TRACK FIELD AP IT BEGAN two months ago in San Jose, California, wound its way through eastern and western Europe and has now come down to the wire in the affluent Mediterranean principality of Monaco. Said Aouita and Roger Kingdom, both of whomAP - 472 words
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310 1989-09-02 22 BOXING AP MIKE TYSON'S next heavyweight title defence, againat Razor Ruddock, will be held in Canada on Nov 18. Sonny McPhee, who heads a group of promoters from Canada, said on Thursday he had agreed to pay US$3 million toAP - 310 words
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Article, Illustration501 1989-09-02 22 GOLF AP GREG NORMAN shot an 8-under-par 64 in his first appearance at the Greater Milwaukee Open and took a one-stroke lead after the opening round of the US$BOO,OOO tournament. Wayne Grady, Phil Blackmar, Curt Byrum and Steve Pate were one shot behind onAP - 501 words
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333 1989-09-02 22 AFP SEVE BALLESTEROS and Bernhard Langer sent an All's Well message from Switzerland to Ryder Cup captain Tony Jacklin on Thursday. The two King-pins of the European team shot 65 to share the first round lead in the European Masters in theAFP - 333 words
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451 1989-09-02 22 CRICKET Agencies WORCESTERSHIRE made certain their chances of winning the English County Cricket Championship for the second successive year when they beat Gloucestershire by 131 runs on Thursday. South African-bound rebel Graham Dilley made the title safe when he ripped through the Gloucester tailAgencies - 451 words
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Executive Jobs
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584 1989-09-02 23 ANNA TEO - By ANNA TEO THE DIFFERENCE is pretty stark. Job for job, the expatriate chief executive gets far more in some cases, more than double than his local counterpart of similar standing. Hay Management Consultants' Top Management Compensation Survey shows that expatriate senior584 words
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221 1989-09-02 23 ANNA TEO - ANNA TEO THE COMMUNITY and personal services sector where executive salaries are among the lowest turns out to be the pay leader for the legal profession. Or at least as the 1988 Occupational Wages Survey by the Ministry of Labour shows. An industry-wide comparison221 words
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Article, Illustration611 1989-09-02 23 TAN KEE WEE - THE BIG MOKE By TAN KEE WEE TWO VERY major decisions were made by 41-year-old Chen Yang Chin, director, international operations, of Ashton-Tate, this year. The first decision made him move to another industry. The other decision made him stay in Singapore. The611 words
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Article, Illustration222 1989-09-02 23 PHILLIP OVERMYER has replaced Darry Griff is as AT&T's Singapore country manager and managing director of AT&T Singapore Pte Ltd corporate division. Mr Overmyer, who has just completed a course of study at Stanford University, will be responsible for the overall representation and integration of AT&T's interests222 words
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Article, Illustration1022 1989-09-02 23 MARTIN SOONG - There was a time when only senior salesmen got to travel as part of their job. Now, with the world growing smaller every day, and with going global the imperative, not the choice, more and more Singaporean executives are finding that travelling1,022 words
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487 1989-09-02 23 LIVING OUT of a suitcase requires. among other things, a goat s indiscriminate appetite for airline food and a soldier's uncomplaining ability to bed down on strange ground. No small feat then, for travelling execs. Corporate frequent fliers like Communication International487 words
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Page 13 Advertisements
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Advertisement166 1989-09-02 13 NEED A HOUSING LOAN? A>. Call USA from any phone, any day, anytime at mti rssM Choosing a timepiece should be a relaxed and CONNOISSEURS F O R COLLECTORS After all, we set ourselves as connoisseurs. And our The rare perfection o£ Patek Philippe at The Hour Glass. J comfortable166 words
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Page 14 Advertisements
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Advertisement317 1989-09-02 14 ALFRED LAWRENCE presents our visiting consultant MRS LONA LARSEN IMPACT COLOUR HAS ON YOUR IMAGE A workshop that gives you a lifetime of personal and practical knowledge about COLOR creating 30 different looks with only 11 pieces of dothing; how COLOR can work for you; dressing without hassle; saving TIME317 words
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Page 15 Advertisements
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Advertisement182 1989-09-02 15 m mm m. m i kfi an m An Executive Room or Suite with a view of the Empress. Check into our new Executive Rooms or Suites, on our Executive Floor. And enjoy life in a new refreshing ambience. Then head for a view of the priceless treasures of the182 words
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Page 16 Advertisements
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Advertisement144 1989-09-02 16 Where tv entertain... Where tv entertain... Where tv entertain... Where tv BAR 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 lUfflesCky 2 Stamford Road. Singapore 0617. WESTIN hotels Resorts i wii FromTkeWho's144 words
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Advertisement220 1989-09-02 16 BBQ Dinner at the Poolside Amidst the bustle and hustle of Orchard Road, enjoy a BBQ Dinner in the peaceful surroundings of our Rooftop swimming pool A gourmet range of chops and seafood to your favourite local items like satay and otak. To end the meal with all kinds of220 words
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Advertisement177 1989-09-02 16 steak A seafood rwtaurant y. Jl TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOO. EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR177 words
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Advertisement174 1989-09-02 16 Q A r K rw O l Vs Sky Garden Poolside Fridays to Sundays 6.30 10.30pm Adults: $11.90++. Children: $8+ Plaza Hotel ¥X wA 24-hr CoffeeXHouse/ (Level 5) W' here the service is good, the ambience great, the food simply marvelous! An experience you'll not forget A choice of local,174 words
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Advertisement183 1989-09-02 16 Our Master Chef Mr. Wong Chi Kwan from Hong Kong has specially prepared over 30 varieties of Dian Xin to titillate your tastebuds. These gastronomic delights are steamed only upon ordeT to ensure that our Dian Xin comes to you piping hot off the kitchen. Prices in our daily A-la-Carte183 words
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Page 17 Advertisements
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Advertisement177 1989-09-02 17 entertain.. Bi Eveey Sunday There's A > Family Feast In The Paek. At the Hubcrtiu Grill, Sunday brunch Lt a great outing for the family. A glorious buffet spread u laid out for both grown ups and children. And to make Mire tbe kuk art truly entertained, that'*) an exciting177 words
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Page 17 Miscellaneous
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Miscellaneous792 1989-09-02 17 mimnm& Ml U HI u m CRYPTIC PUZZLE ACROSS 9 Now! There, there! (2.7) 10 Angry and rampant on the shield (2, 2, 4) 12 Steal off with the piece of paper (4) 13 The coat was flapping in the air (6) 14 Segregate, taking a time about it, one792 words
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Page 21 Advertisements
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Advertisement59 1989-09-02 21 CANADA Resort Land for Sale. Lake Reardon Site. An offer difficult to refuse. For free brochure and details, fill the coupon and send it to the Exclusive Agent. Dear Sir, Re: Resort Land, Lake Reardon Site, Canada. Name: Address: Tel: To: Exclusive Agent, Damo Enterprises Pte Ud, Crawford P.O. Box59 words
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Page 23 Advertisements
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Advertisement124 1989-09-02 23 Mb Analyst/Programmer A progressive institutional investment management company requires an analyst/programmer immediately. Candidates must be very fluent with PCs and have had some programming training and/or experience. Knowledge of PASCAL, C or other structured programming languages as well as UNIX would be an advantage. We are flexible about educational qualifications.124 words
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Advertisement165 1989-09-02 23 DHL IN DHL turns twenty Around the world DHL Worldwide Express is celebrating its 20th Anniversary this year. DHL was founded in 1969 by three men Dalsey, Hillblom and Lind, who gave their vision and initials to form the company. Since then it has grown to span the world and165 words
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Advertisement266 1989-09-02 23 Tandem Computers. Here we pride ourselves in being one of the industry leaders in computer systems and networks for on-line transaction processing. But that's only the beginning. We're on our way to greater things and here's one more for starters. HUMAN RESOURCES MANAGER You've been spreading your wings for sometime266 words
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Page 24 Miscellaneous
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Miscellaneous586 1989-09-02 24 Km Meacarl Diri, Today,l 3.15pm, SBC 5 A Malay drama with everything rolled into one-and-a-half hours. There's the rags-to-rich-es story of a kampung boy made good, the acrimony of familial relations, romance between two couples, and financial intrigue, insanity and murder. Melissa Saila, Syed Sobri and Raja Nor Baizura show586 words
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Miscellaneous3625 1989-09-02 24 PM Opening and Programme Highlights followed by Lire Matters Heart Atlact (Debut). This 11-part series introduces viewers to a number of people living active and productive lives in spite of chronic illnesses or conditions. The first programme focuses on Heart Attack which is one of the most common terms in3,625 words
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Miscellaneous218 1989-09-02 24 Woodpecker, Today, 6.35pm, SBC 5 Nature Watch introduces the original Woody Woodpecker, with its unique characteristics such as a stiff tail and sharp claws to hold itself in place on the tree and a chisel-like beak which grows back when it wears down. Beyond the Cold War, Today, 9.30pm, SBC218 words
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