The Business Times, 16 September 1989
1989-09-16
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The Business Times
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Title Section12 1989-09-16 1 BUSINESS TIMES MCI (P) 46/12/88 Weekend Edition, September 16-17 1989 75 CENTS12 words
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464 1989-09-16 1 HERMAN PHUA - FIVE-YEAR LOAN STOCKS TO CARRY ANNUAL COUPON OF I.SPC By HERMAN PHUA THE Industrial and Commercial Bank Ltd (ICB) is proposing to raise $75 million through a rights issue of loan stocks with warrants. It will be the fifth publiclylisted bank to raise464 words
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415 1989-09-16 1 JEAN FOONG - By JEAN FOONG THE PORT of Singapore Authority will implement a mixed bag of tariff revisions next month that will lead to added coats for some port users and savings for othEffective Oct 1. tariff increasee, particularly In labourintensive areas, will raiae415 words
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100 1989-09-16 1 AFP SYARIKAT Malaysia Explosives Sdn Bhd (SME) said yesterday it had reached agreement with Austria's Steyr Mannlicher to jointly manufacture the Steyr AUG assault rifle in Malaysia. The venture is worth more than US$65 million. SME chairman Nasruddin Bahari, who is also secretarygeneralAFP - 100 words
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510 1989-09-16 1 FT IN A POLICY REVERSAL. Beijing has let it be known privatety that 3t has cancelled ita earlier •pledge to accept a consensus on speed of democratic development in Hongkong's proposed ;toasic Isw, shocking the colony's -eenior political and business Readers. China isFT - 510 words
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157 1989-09-16 1 Reuter THE WORLD trad* body Gatt (General Agreement on Tariffs and Trade) will resume examination of China's application to join the agency in mid-Oecember, a spokesman said on Thursday. Spokesman David Woods said the dates of the meeting from December 12 to 14 wereReuter - 157 words
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Article113 1989-09-16 1 THE US DOLLAR last night soared above two Weet German marks for the first time since June despite a trans-Atlantic round of central bank intervention to brake ita rtae. It waa quoted around 2.0005 marks shortly after the US and Wast German central banks led113 words
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212 1989-09-16 1 AFP THE US trade deficit diminished in July and wholessle prices fell in August, the government announced yeaterday. Imports fell, but so did exports, snd wholesale inflation roee 0.5 per cent in August when the volatile food and energy sectors sre excluded. TheAFP - 212 words
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Article, Illustration177 1989-09-16 1 STOCK MARKETS in Singapore and Australia cioeed unchanged yeeterdey, while the Hongkong and Tokyo exchengea were closed for national holidays. In Singapore, ehere prices fell at the start of trade, but recovered on bargain-hunting in late afternoon buying. The Straits Timee Industrials Index, e177 words
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Article47 1989-09-16 1 AFP TRADING on Wall Street opened strongly yesterday, with the Dow Jones index of leading induatrial sharea gaining 15.71 pointa on Thuraday'a cloae to atand at 2,880.80 pointa after five minutes. Trading waa active, with 57.5 million aharea having changed hands at that point AFPAFP - 47 words
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Article40 1989-09-16 1 AP LONDON ahare prices were lower in early morning trading yeaterday, aa a scattering of sell orders neutralised any bullishness. At 1118 GMT, the FT-SE 100Share Index was down 15.9 points at 2388.1. after opening 8.1 pointa firmer. APAP - 40 words
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Article139 1989-09-16 1 Friday ST InduaMak Index *****1 041 IT Comporils Mtx 1255.03 048 NST Industrial Mm 2506.22 2.39 Sydney AK-Ordbwrios (+a?) Thursday New Yo»fc (Dow Jonti) 2,664.891-1443) London (FT 30 Index) 1,9654(-14.3 USS. *****yon 1.*****M S$1.9790 £> US$1.5560 M|i S$***** Slrntx Euro-S (One) 91.56 DM (Doc) ***** Yon (Doc)139 words
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Page 1 Advertisements
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Advertisement244 1989-09-16 1 Nikon THtttbrtd»Fto-t WMoyipWc ty—m. TT Im H Z 1 1 £f* Property and the modern-day Tantalus Page Two Chewing can make a difference Page Five Love and sex in the gay underworld Page Six Corporate images Page Seven Asian bourses will steal the thunder Page Eight Sesdaq investors must be244 words
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Advertisement34 1989-09-16 1 ,,)'>'%$/+/?$:_}&.;(^@$;~!|'&>: Fui raport, PAGE Regional iMrto, PAOC 10 Wortd wHwH. PAOE 11 m U 41^ •I i sPir'' The Rclex Oyster PapetualOvvnometersmyelkMffld set wah diamonds. Day-Dak fir him. Lady Dtaqustpr her. U k™l~r CWGWftw HZ4JMM.34 words
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HOME NEWS
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343 1989-09-16 2 JAYARAM MENON - By JAYARAM MENON TAIWAN wants more two-way investment with Singapore, said John Ni, director-general of Taiwan's Industrial Development Investment Centre. "We welcome Singapore investments in housing, shopping centres, construction and tour-ist-related industries," said Mr Ni, who heads Taiwan's equivalent of the Economic Development343 words
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363 1989-09-16 2 INVESTING in Indonesia will be made eaaier with the setting up of a one-stop investment consultancy centre here, said the chairman of the Indonesian Chamber of Commerce and Industry (Kadin) foundation executive board. Mr Kadariaman, who is also chairman of the Investment363 words
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417 1989-09-16 2 CONSTRUCTION of the International Merchandise Mart is well ahead of schedule, thanks to the use of pre-cast concrete. Shimizu Corp. the Japanese main contractor for the complex being put up at Jurong Eaat, said the use of pre-cast floor slabs and beams would417 words
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Article193 1989-09-16 2 JAPANESE thermal insulation company, Meiaei International Lid, is planning to tranafer its international headquarters to Singapore. The move ie pert of a decentralisation pro* grsmme to bring it doeer to its major markets in Aaean and the Middle East where moet of Ha customers193 words
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97 1989-09-16 2 SINGAPORE has banned th« carriage of oil to South Africa by Singaporeflagged ships becauae of its apartheid and racist policies The ban came into force yestsrdsy and ia in line with United Nations General Aeeembly reaolutiona calling for the complete ceeaation of97 words
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465 1989-09-16 2 MARTIN SOONG - VINCENT CHENG CASE MARTIN SOONG THE CRUX of the Vincent Cheng habaaa corpua heering la the queetton of what role, if any. the judiciary haa in overseeing Executive decisione to exerclee near-abeoiute powers of arrest and detention under the465 words
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Article, Illustration282 1989-09-16 2 WITH its workforce expected to reech 1,000 by the end of the yeer, Scotts Holdings haa decided to take formal training in its own hands It is spending some $700,000 to set up a training centre. Thia waa revealed by Rafiq Jumabhoy. whoae family282 words
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196 1989-09-16 2 BT JOURNALIST Harish Mehta, winner of the Mitsubishi Economic Journalist of the Year Award, flies to Tokyo today for a study tour during which he will meet Japanese government officials and business leaders. The all-expenses-paid. 15-day study tour is part of the196 words
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Article74 1989-09-16 2 FINANCE MINISTER Dr Richard Hu left yesterday to attend the 1969 Joint Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank. The meetings will be held in Washington DC from Sep 24 to 28. Dr Hu, who is74 words
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Article89 1989-09-16 2 WE MENTIONED in a story yesterday that the issued capital of Raffles Hotel (1886) has been increased from $30 million to $66.6 million. DBS Land, the parent of the company, has pointed out that the increase was from $30. and not $30 million. And in yesterday s89 words
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Article394 1989-09-16 2 Seminars and (WTS *3 CAHNERS EXPOSITION GROUP Courses V.I Tel: *****13 Tlx: RS ***** CEGSP Fax: *****66 1 Sop 19 4 20 Business to Business Ming Court Hotel Direct Consulting *****18 Direct Marketing for Group Office Automation Sep 1? 4 20 letter of Credit Boulevard Hotel Dominion 22S8S2S394 words
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Page 2 Advertisements
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Advertisement112 1989-09-16 2 Q&9 9& Q& <*&* <&* !^2 3jy 5 5 ofla <»^a g^> rrtf w j Thankidu i Mr Motoo Kawamura President of The Sumitomo Warehouse Co., Ltd. Japan <5*L? and The Board of Directors Management of Sumitomo Warehouse (S) Pte Ltd ofla a|g extend their heartfelt thanks to MrAlanYeo, Chairman112 words
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Page 2 Miscellaneous
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Miscellaneous71 1989-09-16 2 Global tamparaturas and waathar foracaat tor Sap It OUTLOOK: ••port far 24 Iwn prior »o 7.30 pi Sap 19 at CMoogo Copltogon Frankfurt Ganova Glasgow K Lumpur Ihbon Mono Mo* Malbourrw Munk* 18/10 Now York 23/16 Hawcoato 16/11 Olio 14/09 Porte 21/13 for* 17/11 Roaw 28/17 S Francteeo 26/13 Sooul71 words
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FOREIGN NEWS
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379 1989-09-16 3 AP US PRESIDENT George Bush, prodded by congressional leaders to do more for the new Polish government, has announced hie will double to US$lOO million next year s US food aid to that nation. "This new assistance is one element of ourAP - 379 words
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221 1989-09-16 3 AP IN. A MAJOR victory for President George Bush, the House of Representatives Ways and Means Committee approved a tax cut on Thursday for capital gains despite vehement objections from opposition Democratic leaders. I The proposal, which liberals cliim is a giveawayAP - 221 words
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Article931 1989-09-16 3 f 1 ARRIVALS Ppvrotor Sorvic* Local From numbor tlm« SQ417 0905 DXB/KHI MAS MH653 0910 P€N MAS MH630 0920 KUL fcCA AC888 0925 YYZ/LHR/BOM fe SQ103 0950 KUL CI 806 1000 CGK CPA CX710 1000 CGK •All 1005 LMR MH607 1020 KUL VtT AIR HVN234 1030 RGN931 words
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198 1989-09-16 3 AP THE SOUTH KOREAN economy is showing signs of recovery after a 16-month slump, but improved exports and more investment are needed to continue the upswing, a government agency said yesterday. The Economic Planning Board said economic indicators had been rising and theAP - 198 words
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445 1989-09-16 3 FT FOREIGN direct investment into developing countries rose Isst year, marking an encouraging development, according to the annual report of the International Finance Corporation. The body is a World Bank affiliate established to encourage the private sector in developing countries. The report, published yesterday,FT - 445 words
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259 1989-09-16 3 AP THE NATO ALLIES should not extend trade and arms control concessions to the Soviet Union until President Mikhail Gorbachev's reforms take permanent root, says Deputy Secretary of State Lawrence Eagleburger. In a major foreign policy speech on Wedneeday night,AP - 259 words
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470 1989-09-16 4 Reuter JAPAN on Thursday proposed the worldwide abolition of rules which require factories to use a certain percentage of locally made parts in their products. The controversial proposal, submitted to a negotiating group under the 96-nation General Agreement on Tariffs andReuter - 470 words
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367 1989-09-16 4 AP US TRADE Representative Carla Hills said in London on Thursday that the United States has no intention of using the "Super 301" trade measures against its trade partners in a manner counter to the General Agreement on Tariffs andAP - 367 words
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156 1989-09-16 4 Reuter EUROPEAN car makers need a transitional period of about five years to adjust to Japanese competition when the European Community completes its internal market at the end of 1992, a senior EC official has said. Speaking on Thursday at aReuter - 156 words
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Article, Illustration73 1989-09-16 4 AFP BRITISH parliamentary viewers ara in for quite a treat when cameras enter Parliament In November, at least H MP Ken Hargreaves has his way. He has produced some handy hints for those who want to make the most of the television occasion. He recommendsAFP - 73 words
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242 1989-09-16 4 AP THE UNITED STATES and Japan have signed an agreement by which the two nations will cooperate in telecommunications research and development. Commerce Secretary Robert Mosbacher, who was travelling in Japan this week, and Jaruo Yamaguchi, president of Nippon Telephone and TelegraphAP - 242 words
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Article259 1989-09-16 4 Reuter MAJOR Japanese semiconductor makers are putting a brake on growth of one-megabit dynamic random access memory (1-M DRAM) chip output to shore up prices, company spokesmen said. They said supply already has met demand and further excess output could cause oversupply and sharp price drops,Reuter - 259 words
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196 1989-09-16 4 AFP THE BRITISH government said on Thursday that it would sell avionic equipment to China for use in MiG fighter planes but the move came under immediate and sharp criticism from opposition politicians. In announcing the decision, the Foreign Office noted that "theAFP - 196 words
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249 1989-09-16 4 AP THE European Community should adopt a cautious approach in its drive to form close economic and monetary cooperation among the 12 nations ot the trading bloc, the Prime Minister of Luxembourg said. Jacques Santer, who also serves as Treasury Minister, said thatAP - 249 words
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169 1989-09-16 4 AFP THE 41-NATION International Cocoa Organisation (Icco) established in London on Thursday a small six-member group to seek a deal to bring the depressed world market back under control. The move followed the consumers' rejection of part of aAFP - 169 words
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Article68 1989-09-16 4 Reuter PAKISTAN will rejoin the Commonwealth on Oct 1, 17 years after it quit in a row over the recognition of Bangladesh, formerly East Pakistan, the group announced yesterday. It will be the Commonwealth's 49th member state. Commonwealth officials said Prime Minister Benazir Bhutto, whose father ledReuter - 68 words
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Page 3 Advertisements
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Advertisement17 1989-09-16 3 LONDO C^jmrHmdA§mmAkCmmdiMnJUU. A BREATH OFFRESHAIR k Th( >niiw ktmii (Ml mmy vmmf, /s\ w Air Canada s,17 words
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Advertisement179 1989-09-16 3 DE WARS PROFILE: h m'h hail .t J* 4 s Jui. irr J A. m M m GARY JOBSON 1!<»\1K \nnaj«»!i- Ml> 11. rii« »l' arhf rai mu u» i» ian iiviuiv!. 1 it«•: .u larci- l' Hi M>l>N Tin mnt»> *aa\ honw !•>! u«rk .1' .i Mine I.AST n*179 words
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Article1861 1989-09-16 4 AT CONVENTIONAL WHARVES VmmI Voy No Barl h Arrival Dapartu Kappal W1 Brift AIM tarvaa M-V US 1509/ 2300 Uty 13 K34 ak>ng$tdm 1809/ 1300 h)uo*ot 2V9W K20 okxigwie 1409/2399 Gold fvtura X OS okMpsad* 1409/2300 jMuuanquan s K33 oio*gs*d« 1809/0600 KoM 8*rom W 558 K30 okxiQude1,861 words
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Page 4 Miscellaneous
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Miscellaneous53 1989-09-16 4 YEAH, FINE-. I JUST GOT OUORD I'VE GOT 70 PO A STORY IN NEMYORK,SOI THOUGHT IV COMB STAY WITH YOUGWS. BY GARRY TRUDEAU I'M AFRAIP YOU CANT, RICK. MIKE'S GOT A UJHOLE BUNCH OF HIS STRANGE FRIENDS HERB, AND THINGS ARB A LITTLE m s Is 'A M V^'\ r53 words
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BAKING AND FINANCE
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442 1989-09-16 5 NYT MITSUBISHI BANK Ltd. the world's fourth largest bank, with some US$35O billion in assets, will become the first Japanese financial institution to be listed for trading on the New York Stock Exchange next week. It will be the largestNYT - 442 words
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253 1989-09-16 5 THE RISK and Insurance Management Association of Singapore (Rimaa) is organising a seminar on the management of product liability risks next month. The one-day seminar, to be held at the Mandarin Hotel on Oct 3, will focus on product lieability regulations in the United States253 words
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283 1989-09-16 5 QUAK HIANG WHAI - *r QUAK HIANG WHAI UNITED Overseas Bank, which made its debut on the credit card scene exactly one year ago, has emerged ss the biggest Visa card issuer in Singapore. An UOB official told BT that it received a letter from Mr Peter283 words
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411 1989-09-16 5 SHOEB KAGDA - By SHOEB KAGDA STANDARD CHARTERED International Trustee Ltd (SCITL), which has just set up a regional office here, plans to work out of Singapore for its worldwide trust business. To boost its Singapore operations, the Standard Chartered international trust group will411 words
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344 1989-09-16 5 SOH TIANG KENG - By SOH TIANG KENG Financial Correspondent THE GOVERNMENT of Singapore Investment Corporation (QIC) has appointed Mr Ng Kok Song and Or Teh Kok Peng aa its deputy managing directors. Mr Ng, formerfy director for bonds and equities, is now deputy managing director (financial assets),344 words
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Article113 1989-09-16 5 THE SINGAPORE International Monetary Exchange wiH shift it* trading floor from the World Trade Centre to OUB Centre on Monday. This wHI oomplsta the big move which startsd in July when Simex translsrrsd its administration from WTC to OUB Centre at Rallies Plaoa. Simex officiate113 words
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COMMODITIES
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Article105 1989-09-16 5 Reuter CBOT SOYBEAN futures on Thursday settled higher in all but the spot September contract, which relinquished gains on expectations for warm, dry weather conducive to harvesting, floor sources said. Prices edged higher early on reports that the Soviet Union would buy 49 million ton nee of grain inReuter - 105 words
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Article200 1989-09-16 5 Chlneee Produce Exchange SeMecs' noon dosing 1 pricM on Soptwnbor 15 (S$/100 kg) Coconut oil tuft FOB 93-50 Otd drum FOB 103.50 Now drum FOB 107 JO Copra Mixod (Ioom) 51.00 (•Hon Poppor FOB NLW 490.00 Sarawak wtiHv FOB faq NLW 430.00 Suiuwuk iptdal Mock FOB NLW 382.50200 words
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Article279 1989-09-16 5 London Commodity Exchange Buy or/Seller do sing prices on Sep 14 tonne unless specified). Previous dosing prices in parenthesis. A „n, COM# Bash in-store London, option OF London 776/785 (772/780) ttgh/Low 777/766 Nov 792/793 (790/791) High/Low 795/781 Sal*t (3321) Cocoa s*p 765/768 (758/760) Ugh/Low 772/753 Dae 827/828 (814/816)279 words
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Article158 1989-09-16 5 Reuter CBOT soft red winter wheat futures settled mixed on Thursday after easing on late commission house snd fund-account selling. Traders said the general market's tone wss bullish, but they said selling by Drexel touched off technical sell orders. The market garnered early support from news that the SovietReuter - 158 words
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Article153 1989-09-16 5 THE KUALA LUMPUR TM Market (KLTM) prtee reto dose S3 sse higher el M 533.38 e kg yeeterdey, They sold sentiment wae aided by farther gains on Mm London Metal Exchange (LME) and higher MM Mds of 138 tonnes against offers of 46. Tarnover sotted el 48 tonnes,153 words
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Article175 1989-09-16 5 SMQAPORE: Rubber prices ended weaker yesterday, with October One RSS buyer quoted at 171.00 cents a kg. down 1.25 cents. The morning session lost 0.75 cent on some long liquidation and selling interest in quiet trade, dealers aald. Trading in the afternoon remained quiet but pricee continued to eaae175 words
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Article176 1989-09-16 5 HONGKONG: Closed TOKYO: Closed LONDON: Gold was fixed at U*****.65 an ounce yesterday morning, down US$O.l5 from the previous fix. GOLD PHYSICALS scum HJYE8S s$ kHutioi ***** ***** 1 gm 32 23 5 gm 124 115 10 gm 240 229 30 gm 470 458 SO gm 1167 1152176 words
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Article141 1989-09-16 5 Telerate PRICES of HSFO in Singapore remained stable, with potential downside movement in the near-term. Traders believed the ample supplies of exPG CST-380 arriving in Singapore during endSeptember to mid-Octo- ber might add pressure to the spot prices. CST-180 was notionally talked at $88-9 mt fobTelerate - 141 words
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Article87 1989-09-16 5 (cantt/kfl) OCTOftS? 1989 NOVEMBER 1989 (cur ran* month) (for* or d month) RAS NOON NOON b|r*ri Sdwi Iwyci hhn SSI 30 1 59 00 161.00N 160.00 163.00N SSI so 157.00 159.00N 150.00 160.00N MRELB luyri S^too •vyan S«hn SMI CV 331 JO 233.50N 233.50 235JON SMI I87 words
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Article300 1989-09-16 5 RAS prices in 8 cents/kg, FOB In bate) B NOON CLOSE Buyers Sellers Buyers Sellers bit 1 RSS Prompt 171.00 172.00N 170.00 171.00N lot 1 RSS Oct 172.00 172 JO 171-00 171 JO Int 1 RSS Nov 174.25 174^5 173.50 174.00 Int 2 RSS OP 169.00 171.00N300 words
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258 1989-09-16 5 Bernama INDONESIA will begin exporting 15.000 barrela of crude oil per day to Fiji in November under a longterm purchaae contract to be signed in Jakarta next month, minee and energy minlater Ginandjar Kartasaamita aaid. He revealed thia plan to reportera during aBernama - 258 words
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Article494 1989-09-16 5 MALAYSIAN CHUOE PALM OS. FUTURES closed slightly easier yeeterday following some profit-taking activity in the fairly active market The pricea were traded with little featuree since the Palm 041 Registration and Licences Authority's production figures within their expectation, traders added. L Spot month October eaaed MS3 to Ms7lo494 words
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123 1989-09-16 5 AFP THE LONDON Metal Exchange bosrd hss proposed that trading in Ita high grade zinc contract should be terminated from March 30. 1990, an LME statement aaid on Thursday. The propoaai waa made at the monthly board meeting on Wednesday. "Members' views wilt beAFP - 123 words
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MONEY AND EXCHANGES
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361 1989-09-16 6 Bernama WCKJTIES tor trading in financial futures contracts wilt be sveiiabta fti Mslsysis by tie eerty IftOs, the commissioner of the Commodity "Trading Commission (CTC). Hajl lemail bin Ha|i Ahmad, said on Thursday. IOIQ HwWS OOfiiwrwiiCfl In Kuala Lumpur that some ofBernama - 361 words
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291 1989-09-16 6 Reuter XITICOftP chairman John Reed, worried that too many banks will withdrsw aa lenders to Mexico, said he wished the country's landmark debt reduction sgrasmsnt had been struc- a n Hi UiTM Omtrfnuy. Decauee banka holding ~atout 89 per oent of Maxioo'a US$64Reuter - 291 words
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267 1989-09-16 6 AFP THE PHILIPPINES hat reached an agreement with Ita foreign creditor banka for US$l.4 billion to US$l.6 billion In new loans and a debt reduction acheme, sources in the Presidential Palace said on Thursday. The agreement must be formally approved by theAFP - 267 words
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Article784 1989-09-16 6 UMANM: Oua la baßOaya in Japan and Itonghong, 9m US da«tar aloaad almoat unchangad front morning tavaia, auoouao Dy inin trading and marfeat uncertainty ahaod of tha ralaaaa of bay US economic data. Tha martial was tocualag He amnion on tha US Jwy trada data, wtth aajiar anon784 words
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Article162 1989-09-16 6 Qokf future* on September 14, 19t* 100 My mcK USI par toy own OfM Mgi tmm am W MO» Oct 162-30 ***** 341.00 Ml JO Mw ***** OK 344.00 344-50 364J0 34U0 Hb 371.30 ***** 371.30 144-30 Apr 374.00 374A0 374j00 373JO Jim 340.30 340-30 340.30 J7770162 words
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Article251 1989-09-16 6 Reuter ASIAN DOLLAR deposit rataa andad slightly lower compared with Thursday's doee. after a day of quiet trade. Dealers said the weaker rataa reflected a marginal fall in the US Federal funda rate and higher bond piioea. The market waa waiting for yeaterday's US July trade dataReuter - 251 words
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Article514 1989-09-16 6 Reuter EURODOLLAR futures yesterday closed slightly mixed sfter quiet two-way sporadic trading ahead of last night s release of a batch of US economic figures. Dealers said the Fed's draining of reserves from the banking system underpinned prices, but operators refrained from taking active positions before the data, includingReuter - 514 words
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Article290 1989-09-16 6 Reuter CURRENCY FUTURES ended the day lower and near their worst levels on Thursday, with some analysts forecasting continued losses if yesterday's economic data prove fsvourable for the dollar. "If the numbers show subdued inflation and the lack of significant deteriorstion in the trade deficit as expected, the dollarReuter - 290 words
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Article49 1989-09-16 6 THE overnight rat* on the Singapore money roae 1/8 point to 5-1/4 par cant yesterday. Term rataa wara all unchanged. ifiwooni roTti of lb* doM ywmdeyi om K> o«• 9 9/9 9 1/4 9 1/4 S S 1/4 9 1/1 Mi 9 1/4 9 Oot** 5 1/449 words
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Article, Illustration165 1989-09-16 6 X: r!S» 11 Mhr taHte In «>or» Interbank marfcot r atos (offer/bid) on Sop 15 us$ DM SWFC Tot 7 4my» $7/9 IS 7/« IS S/4 7 1/1 7 7 S/4 7 i/a 5 7/1* 5/1* 1 S IS/14 IS/1* i4 is 7/a 7 J/1* J/16 7165 words
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Article1208 1989-09-16 6 CURRENCY FUTURES OPTIONS Friday, S.plmbir 15, 1969 MpM In S3 53 54 WFMHi 1 «Mk Mp M pad 71 73 n 75 CURRENCY FUTURES OPTIONS IMM Thursday, SipHmbw 14, 1989 BftfTWH POUND tnjm* eeaM per C Cm Mm 1475 1300 1535 1550 1S7S 1*00 e» vaii 900) W« OpaaMarae1,208 words
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Article99 1989-09-16 6 Treasury bills Poriod Issue Yosfrday's doting Day's cod® Maturity MO OfW HKJH LOW 3 wmilhs •Q*****A 14.12.89 4.30 425 4.29 4.28 6 tinmlht 8S*****V. 18.01.90 4J0 4.15 1 yoar BY*****F 244)5.90 4.32 4.27 Govei rnment notes and bonds Period bsuo Maturity Coupon Yottorday's dosing Day's cod* rato99 words
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COMPANIES & STOCKS MARKETS
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338 1989-09-16 7 THANS-4SLANO Bus Servicee Ltd has reported s 7.04 per cent Increaae In after tax profits to $3.62 million for the six months ended June 30. The group's turnovsr ross 26.38 per cent to $36.63 million, while pre-tax profit inched up 2.7 per cent338 words
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Article, Illustration587 1989-09-16 7 §SK)BGL»» PROPERTY COUNTERS are not tha screaming buys they wars a law months ago. Investors appear to be adopting a cautious attitude towards theae stocks while they assess the impact of tha lataat developments in this sector. In the last six weeks, the587 words
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Article388 1989-09-16 7 Con pony WGHTS ISSUE Causeway Inv lenounceobte rights nut of $7 25m nonMoot amount of 6% unsecured note* with TSIl to subscribe lor new Comewy shore* Shareholders wM be ollorted $1 nominal okmhI of toon stock with gae TSI lor every four existing shore* Wd Ex-dote Aug 24388 words
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Article914 1989-09-16 7 Comal Ra Books ■M* ToM tor ToM tor Mi ctooo ■w yoar toto yaw Mox HMgt 4%W Aug 29 Sap 8 Sap 24 4% 4% ArioHc Do* 2J%® Oct 5 Oct 19 Nov 18 2J% 5Jfc AwHd Amol 30% Sap 22 Oct* Oct 31 <0% 25% Avfcno 10%TE®914 words
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437 1989-09-16 7 QUAK HIANG WHAI - UNAUDITED NET PROFIT OF $16m FOR FIRST HALF By QUAK HIANG WHAI HONG LEONG Finance, the Mggast finance company In Singapore. reported an unaudited net profit of $18.3 million tor the first six months of this year, a riaa of437 words
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Article, Illustration526 1989-09-16 7 KEVIN SWEE - »y KEVIN SWEE KEPP6L CORPORATION Lid's investment in newly-listed Csbu Shipyard and Engineering Works Inc (CSEW) hss appreciated to about 3115.4 million compered to $2.3 million es at end 1908. CSEW shares, which were listed on the Manila snd Makati stock526 words
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150 1989-09-16 7 SESDAQ-LISTED Fuji Offset Pistes Manufacturing Ltd has reported a marginal improvement in its interim reeults. For the six months ended June 30. 1060. the menufacturer of pre-eensitised printing plates poeted a group after-tax profit of $1.68 million. This is the first time Fu|l Offset150 words
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323 1989-09-16 7 FEEDMILL MANUFACTURER QoW Coin Lid's ability to come structural difficulties in Ha. Malaysian operations helped the group achieve an after-lax profit of $857 million tor the half-year-ended June 80, 1900. This la a 10 per cent increase over the figure323 words
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436 1989-09-16 7 BRITISH-AMERICAN Tobacco Company (8) Lid's $17.5 million sale of two reeidential properties at Nassim Road is being queried by the Stock Exchange of Singapore. In an announcement released with its Interim results. BATS said the sale of the two properties436 words
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SES
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Article, Illustration1112 1989-09-16 8 KEVIN SWEE - KEVIN SWEE ">3l LATE BARGAIN-HUNTING helped sftare prices recoup most of their morning losses on ths locsl slock market yesterday. Said a dealer: "Continued profit-taking in soms indexbsssd countsrs drove the Straits Times Industrials Index lower right from the opening bell. However,1,112 words
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Article305 1989-09-16 8 MkM *for Sap 16 18 at Singapo re Unit Trust h» COTM 122 I2» Jha So»tngi Fw d 107 1.13 Vpora Frofl Fun 4 047 Oil* t'pora Sac Fw 1 076 OBI Cpon bvwt hi nd oj« oa» -S'por* Equity Fv md 0.57 041 Asia Unit Trust Mai305 words
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Article42 1989-09-16 8 MAI iViwiTi .---i I BERHAO; 29th AGM at the Conference Room. Maiayawata Steal Bhd, Prai, Province Wellealey. today at noon. MALAYAN CftEDfT LIMITED: 27th AQM at Mandarin Court A, 4th Floor, Mandarin Hotel, Orchard Road. Singapore 0023, today at 10am.42 words
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Article6262 1989-09-16 8 1M9 „Mgh Low Tol Cod* Company Last Soto SEP IS OCVol C000) Day High Low Loot Q Buyor uolo Or 1 Mv Dtv C*vr Or 1 rid Not PIE M Cap SmM A 8E80AQ 279 123 264 121 170 »0 r 129 142 230 126 130 2066,262 words
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KLSE
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Article, Illustration3512 1989-09-16 9 REVERSING the downswing, share prlcee on the Kuala Lumpur stock market recovered yesterday, albeit in lees active trading. Brokers sttributed the rslly to continued buying support snd good followthrough despils the 14.63point drop on Wall Street overnight The market had opened easier but prices turned sround3,512 words
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REGIONAL MARKETS
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483 1989-09-16 10 Reuter NEW ZEALAND brewing and retail group Lion Nathan Ltd is lively to form a joint venture with troubled Bond Corp Holdings Ltd to buy Bond Corps Australian brewing assets. A source close to talks between Lion Nathan andReuter - 483 words
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97 1989-09-16 10 Reuter THE Philippine Fund Inc, a new non-diversified, closed-end management investment company, has filed with the Securities and Exchange Commission for an initial public offering of five million shares of common stock. Proceeds would be used to invest at least 80 per cent ofReuter - 97 words
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203 1989-09-16 10 AP CONSTRUCTION of a US$4OO million headquarters for Nippon Telephone and Telegraph Corp will be open to foreign firms under a 1968 agreement between the US and Japan. US officials accompanying Commerce Secretary Robert Moebacher on a three-day visit to Japan hailed the decisionAP - 203 words
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171 1989-09-16 10 AP INTERNATIONAL media magnate Rupert Murdoch has agreed with the publisher of two independent Hungarian newspapers to buy half interest in the dailies. According to the official MTI news agency on Thursday, Istvan Horvath, executive editor of Ala/ Nap. said there waaAP - 171 words
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303 1989-09-16 10 Reuter GROWTH in Austrslisn corporate profits will slow drsmsticslly in 1989/90 after two healthy years, according to the National Austrslis Bank Ltd. In their monthly newslsttsr, Nstionsl Austrslis economists said corporate profits would be curbed by higher wsges, slower sconomic growth snd tsxReuter - 303 words
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226 1989-09-16 10 AFP SOUTH KOREA'S Samsung Business Group is looking for s foreign psrtnsr for s technics! tie-up to enter the world msrket of silicon and gallium arsenide (GaAs) wafers, according to a company spokesman yesterday Samsung Corning (SSC), a Samsung Group affiliate, would invest aboutAFP - 226 words
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718 1989-09-16 10 Aaahi TOYOTA MOTOR Corp violated Japanese law by covering up a serioua engine (Meet in 200,000 passenger cars sold in Japan since 1967, but will get off with only s warning, according to the Ministry of Transport on Tueeday. The engine defect cauaedAaahi - 718 words
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Article, Illustration448 1989-09-16 10 Sydney Reuter AUSTRALIA'S share market ended mixed yesterday after recovering from initial weakness. The All Ordinaries Index finished 0.9 point higher at 1,733.4. up from its low at 1,726.7 shortly after the opening. But it has lost 24.4 points in the last week of often-volatile trading. BrokersReuter - 448 words
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Article147 1989-09-16 10 Reuter THE PHILIPPINE share market yesterday rallied at mid-session on the strength of renewed interest in selected blue chips and firmer copper prices. The Manila Stock Exchange Composite Index rose 13.06 points to 1.144.67. The value of the combined trade at the two bourses rose to 193.8Reuter - 147 words
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Article171 1989-09-16 10 Reuter NEW ZEALAND share prices closed mixed in light trading yesterday, and dealers said direction was uncertain. "The market will largely rely on the Dow Jones for direction," one broker said. "If Wall Street finds direction after tonight's trade data, our market is expected to follow."Reuter - 171 words
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Article406 1989-09-16 10 Reuter THE Taiwan stock market hit another record finish after investors, eager to make up for lost time, snapped up stocks across the board yesterday following Thursday's midAutumn Festival holiday. The weighted index rose 203.88 points, or 1.9 per cent to end at a record 10,641.60Reuter - 406 words
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Article183 1989-09-16 10 Reuter THE STOCK EXCHANGE of Thailand Index yesterday closed at 712.30, down 1.98 points on a turnover of 17,226,715 shares valued at 2,515.26 million bahL The Book Club Index closed at 615.51, down 2.26 points. Reuter W 11 1 IAHT 0—1— Standard. Ao Kham Thai 382Reuter - 183 words
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WORLD MARKETS
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Article, Illustration769 1989-09-16 11 New York Reuter US STOCKS remained lower on Thursday, under pressure from concern about a drop in junk bonds on Campeau Corp's growing cash squeeze. Several real or rumoured takeover stocks fell along with junk bonds. Junk bonds may be used in takeovers, especiallyReuter - 769 words
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Article, Illustration829 1989-09-16 11 London Reuter WORRIES over Wall Street and its current preoccupation with the troubled junk bond market saw UK shares slip steadily through the morning yesterday after a quietly mixed opening. By 0930 GMT, the FTSE-100 Index was 13.9 points lower at 2,368.1, though little sellingReuter - 829 words
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219 1989-09-16 11 Reuter UAL CORP, after a six-week takeover siege, has signed a definitive merger agreement with a new company created by its pilots, key members of management and British Airways and will be acquired at US$3OO a share in cash. UAL Corp,Reuter - 219 words
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382 1989-09-16 11 FT THE JUNK BONDS issued by Campeau Corporation to finance takeovers of Federated and Allied Department Stores continued to plunge on Wednesday morning, as buyers vsnished from the markets despite the ever-lower prices on offer from institutional holders of the distressed bonds. The sharpFT - 382 words
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674 1989-09-16 11 Reuter WEST GERMAN retailer Co Op AO's battle to stave off bankruptcy has taken its toll or the image of Swiss Bank Corp. Co Op's major shareholder and lead manager of its flotation. "Swiss Bank Corps reputation. particularly as sReuter - 674 words
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183 1989-09-16 11 AFP AERO-€NGINE giant RollsRoyce announced a 60 per cent improvement in interim pre-tax profits in London on Thursday. The company made £101 million (US$l5B million) before tax in the first half of 1089. compared with £63 million In the same period last year,AFP - 183 words
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Article1684 1989-09-16 11 Reuter MILAN: Italian shares maintained opening gains to close higher in moderste volume focused on the banking and publishing sectors yesterday. The MIB index added 0.82 per cent to cioee at 1,225, rising 2.17 per cent on the entire week. Merchant bank Mediobanca and Banca Nazionale dell'AgricolturaReuter - 1,684 words
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137 1989-09-16 11 Reuter UK PRINTING GROUP Norton Opax pic has admitted defeat In Its bid to take over larger rival De La Rue Co pic, and begun talks with packaging and industrial products group Bowater Industries pic. Bowater is trying to buy Norton for £382Reuter - 137 words
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Article66 1989-09-16 11 Reuter AMERICAN Telephone and Telegraph Co (AT&T) has received a five-year contract to provide telecommunications facilities and services for internal use by Unisys Corp. The company said on Thursday the contract could be worth US$lOO million and is expected to save Unisys US$l2 million per year.Reuter - 66 words
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Page 7 Advertisements
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Advertisement11 1989-09-16 7 CURRENCY INVESTMENT \MI "KM W I I'K! lIWK TEL: 321 333311 words
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Page 8 Advertisements
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Advertisement11 1989-09-16 8 rjjr*-) A Treasury of Alpine Pleasures atChesa Hold Equaonal. Tct *****3111 words
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Page 9 Advertisements
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Page 10 Advertisements
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Advertisement138 1989-09-16 10 MOBILE PICK Singer-songwriter, fashion designer, talent scout, businessman, recording star, entertainer. Will the real Dick Lee please stand up? MIRANDA TAY tries to find the man behind the dizzy public images. GO SEPTEMBER: On Sale FOR BITS AND BYTES Geared to keep the busy business executive abreast of new technologies138 words
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Advertisement33 1989-09-16 10 The Seoul stock market was closed yesterday for the Full Moon festival The Hongkong market was doeed for the mid-Autumn festival holiday The Tokyo market was doeed for Respect for the Aged Day33 words
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Advertisement24 1989-09-16 10 Tha Bombay stock marfcat roport «m not avallaMa at proaa-tlma L. The Straits Times and f :T r early cuppa together make mornings complete!24 words
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Page 11 Advertisements
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Advertisement10 1989-09-16 11 ■BUSINESS TIMESf When we say business we mean just that10 words
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Advertisement255 1989-09-16 11 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ANDROMEDA SHPPING PTE LTD On Members' Voluntary Liquidation) NOTICE OF FINAL MEETNG NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. SO, that a Final Meeting of the Member* of the255 words
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Advertisement202 1989-09-16 11 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF RAYMOND INTERNATIONAL (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETMG NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap. SO, that a Final Meeting of the Member* of the202 words
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528 1989-09-16 12 ECONOMISTS PREDICT 7pc EXPANSION Reuter AFTER GROWING strongly In 1968, the volume of world merchandise commerce is expected to register another healthy rise this year, economists at the international trade body Gatt say. They estimated in a report entitled International TradeReuter - 528 words
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275 1989-09-16 12 AP US PRESIDENT George Bush's administration came under attack in Congress on Thursday by members who accused it of not taking a strong enough stance against the communist Khmer Rouge at the Cambodian peace conference. The administration backs Cambodian Prince Sihanouk, theAP - 275 words
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Article, Illustration361 1989-09-16 12 JOHN TAN - By JOHN TAN THE TRADE Development Board will organise a trade mission to China early next year, making it probably the first for a Singapore team after the June 4 Tiananmen incident. Mr Alan Yeo, chairman of the Board, said yesterday that the361 words
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281 1989-09-16 12 Reuter PRESIDENT Mikhail Gorbachev gave his blessing to a drive by the Baltic republics for greater autonomy during a Kremlin meeting with their leaders, Estonian Party leader Vaino Valjas was reported as saying on Thursday. Mr Gorbachev met Communist Party and government heads from theReuter - 281 words
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143 1989-09-16 12 THE TIMES of London and DHL International have launched a series of business swards closely modelled after the BT/DHL Businessman of the Year Award which is now into its fifth year. In view of the approaching single market for Europe, the Times143 words
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541 1989-09-16 12 Bernama THE MALAYSIAN Trade and Industry Ministry is finalising details on the establishment of a proposed Trade Development Organisation (TOO) to further intensify the country's trade and export promotion efforts. The Trade and Industry Minister, Datuk Seri Rafidah Aziz, in launching theBernama - 541 words
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227 1989-09-16 12 Bernama KOTA TINGGI Member of Parliament Datuk Musa Hitam has urged his countrymen not to read too much into his assignment as Malaysia's special envoy to invite several heads of Commonwealth countries to their summit in Kuala Lumpur next month. "This matter shouldBernama - 227 words
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Article96 1989-09-16 12 Reuter COMEX gold futures tumbled to new I ife-of-contract lows in early trading yesterday on hectic commission house selling. December gold plunged to a new low of U*****.20 an ounce before recovering on scale-down trade buying to U*****.50, down US$3.OO. Comex silver futures too fell toReuter - 96 words
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LATE FILE
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Article36 1989-09-16 12 Reuter PRESIDENT Yang Shangkun yesterday met the first senior Soviet official to visit China since the crushing of pro-de-mocracy unrest in June and said he hoped Mikhail Gorbachev's reforms would succeed. ReuterReuter - 36 words
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Article28 1989-09-16 12 AP CHINA yesterday accused the rival government on Taiwan of resorting to "subversive and anti-Communist propaganda" activities during the recent pro-democracy protests on the mainland.AP - 28 words
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Article40 1989-09-16 12 AFP DEFENCE Secretary Fidel Ramos said yesterday that the Philippines armed forces "can adjust" to any reduction in US military assistancs should the Clsrk Air Base and Subic Naval Base north of Manila be removed.AFP - 40 words
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Article26 1989-09-16 12 Reuter THE Swiss national airline Swissair plans to offer television news on board its planes in a three-month experiment starting in October.Reuter - 26 words
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Article39 1989-09-16 12 AP JAPAN has notified countries in the south Pacific that its drift-net fishing fleet in the area will be reduced to a maximum of 20 vessels starting in November, a Japanese newspaper reported yesterday. APAP - 39 words
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Article36 1989-09-16 12 AFP A STRONG and open Soviet economy requires the introduction of a freely convertible ruble, Ivan Ivanov, deputy chairman of the council of ministers' state foreign economic commission, said in Moscow yesterday. AFPAFP - 36 words
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Article38 1989-09-16 12 AP VIETNAM has repeated Ho Chi Minh's call for "tens of millions of hands, eyes and ears" to protect its communist system in the face of political change and counter rising crime. APAP - 38 words
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Article53 1989-09-16 12 Reuter BRITAIN'S annual inflation rate fell last month for the second consecutive month but Chancellor of the Exchequer Nigel Lawson said interest rates would remain high to cool the economy. The retail price index rose by 0.3 per cent in August to register a yearly rate ofReuter - 53 words
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283 1989-09-16 12 AFP THE Philippine Supreme Court ruled narrowly yesterday that Ferdinand Marcos could not return to his homeland, upholding President Corazon Aquino's contention that her ailing predecessor posed a threat to national security. The Marcos family's petition that the High Court compel the government toAFP - 283 words
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275 1989-09-16 12 Reuter TAIWAN next year may allow up to 6,000 foreign workers to help build major government projects stalled by a severe labour shortage, a senior official said yesterday. "The labour shortage is a severe headache for the government," said Chao Shou-po, chairmanReuter - 275 words
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246 1989-09-16 12 AL O LABL TA, JR - By, AL O LABL TA, JR A FILIPINO lawmaker yesterday called for a change of the Philippine government system, saying he is fed up with plutocrats reigning over the country from "imperial Manila". He was launching "Pilipinas 92", which he described as a246 words
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Page 12 Advertisements
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Advertisement114 1989-09-16 12 FOR THE VIEWS or FNANCIAL EXPERTS Changes in interest and 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 and114 words
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Advertisement86 1989-09-16 12 :i»v) I I 111 J LW Residential CAI YUAN 36 JALAN OATOH OFF BALESTIER ROAD v FOR SALE BY TENDER 5-storey residential building comprising 10 apartments. Comprises one studio (approx. 50 sq m) and nine 3-bedroom (approx. 112 sq.m). 10 mins to city centre and easy accessibility by Pan Island86 words
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Executive Lifestyle
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Article, Illustration1141 1989-09-16 13 JAIME LYE - There's more to nostalgia in Shenton Way than chomping on a Polar Cafe curry puff, discovered JAIME LYE one afternoon. Indeed, it was the scent of old-world charm that led her to the bowels of the decaying Winchester House, thereby prompting a tribute to this...Photos by Arthur Lee - 1,141 words
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Article270 1989-09-16 13 A PROMINENT property developer had more than food spilled pn his lap on a recent flight home from Tai- wan. Instead, he had Taiwanese women, all passengers from the economy cabin who had squeezed into first class to buy duty-free goods. Apparently, there weren't enough stocks270 words
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Article, Illustration823 1989-09-16 13 RANDOLPH GUTHRIE - RANDOLPH GUTHRIE, general manager of the Shangri-La Hotel, was the only person from Singapore who received an invitation to help celebrate Malcolm Forbes' 70th birthday in Morocco. Here, he recounts what it was like to be at what has been called the "Party of the Century".823 words
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Commentary
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Article, Illustration1086 1989-09-16 14 BOEY KIT YIN - BOEY KIT YIN WHEN journalists from the developing countries gathered at a meeting in West Berlin last year, many of them spent a lot of time haranguing the industrialised countries for "exploiting" them during the colonial days. A Bangladeshi journalist,1,086 words
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Article, Illustration1062 1989-09-16 14 TAN KEE WEE - TAN KEE WEE MANY THINGS In life antiques. BMW*, and secret lovers are important only to those who havs them. Property, In contrast, is equslly important to those who have it and those who don't It is, in many respects, a common cause1,062 words
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174 1989-09-16 14 CHRISTINE LEE - Letters to the Editor CHRISTINE LEE Senior Manager Coiporsls TTnanoe Arab-Malaysian Merchant Baak Mid We refer to the letter by OW Distant, which appeared in the Business Times, Weekend Edition, September 2-3, 1969. Mr Distant's comment is incorrect as the Provisional174 words
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Article196 1989-09-16 14 L N JHUNJHNUWALA - L N JHUNJHNUWALA Dear Sir, We refer to the article entitled "An Urgent Need for Three Brothers to Compromise" in the Business Times of 11 September 1989. Your headline gives the erroneous impression that the three Jhunjhnuwala brothers who are all directors and major shareholders196 words
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80 1989-09-16 14 DW DISTANT - DW DISTANT Dear Sir, Is it too early to ask the authorities concerned whether the Electronic Road Pricing system, which will make motorists pay for road usage, also means a downward revision of the current high levels of road tax based80 words
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92 1989-09-16 14 TAN-HUANQ SHUO MEI - TAN-HUANQ SHUO MEI CtmTil rrOYKlffii r\Km Dear Sir, I refer to the report "No plan to relax '75 years' rule: CPF", by Quak Hiang Whal (Business Times, September 7, 1960). The headline of the story contradicts the response given to Mr Quak during92 words
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260 1989-09-16 14 ROBERT SEAH - Comment on complimentary sound system unfair ROBERT SEAH Marketing/Project Manager ■Of tflwruwiilC wuvicii Engineering Pie U|. Dear Sir, I refer to your recent review of the New York Philharmonic concert as reported by Malini Thambiyah (BT, 28 August 1969). I wish to put on record that your reporter s comments260 words
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192 1989-09-16 14 LARRY CHUA - LARRY CHUA Ptdemco Land'pisLM^ Dear Sir, We refer to your front-page report in the September 12 edition of the Business Times, "URA property arm set to expand". We would like to clarify a paragraph in the report, which relates192 words
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Article105 1989-09-16 14 D W DISTANT - D W DISTANT Dear Sir, In a rights Issue, payment for any application for "excess" rights sharee has to be by a ■sprals cashier's order or draft which is only presented H excess shares are allotted. However, in the recent United Industrial Corporation (UIC), even105 words
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Executive Lifestyle: Pursuits
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Article, Illustration672 1989-09-16 15 SAMUEL EE - Sporting his made-in-Batu Pahat John Lone shades and his Oriental Emporium popping bags, SAMUEL EE switches off his pager and checks out the good buys at Winchester House... SAMUEL EE LOTS OF PEOPLE say shopping in Singapoca is great. You don't believe? Well, just go672 words
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Article, Illustration722 1989-09-16 15 SAMUEL EE - PROFILE By SAMUEL EE ARE YOU AFRAID of going into politics? No. not the kind where you go to some wot market on Sunday morning and pat a few babies on the head. It's the kind you find in your typical office. The type that gets your722 words
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Article, Illustration774 1989-09-16 16 N K YONG - By N K YONG I WAS at a dinner recently which featured a special East-West menu, with matching wines. I thought it would be interesting enough to describe here, especially the wines. I chose the New Zealand sauvignon blanc, the famous Cloudy Bay,774 words
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Article, Illustration439 1989-09-16 19 DICK LEE - DICK LEE IS THERE STYLE where working wear is concerned? The modern executive's obsession with success usually includes the development of the image, and here is where the problems occur. Positive thinking handbooks tell you to BE DIFFERENT and yet within the constraints of the boardroom,Photography: Wah - 439 words
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Article567 1989-09-16 19 ERIC SCHMITT on the growing number of complaints by the USs2.sb dress shirt industry about buttons that break. NYT IN A BUSINESS that usually fusses over fit, colour and style, the US$2.5 billion men's dress shirt industry in.. America is scrambling to invent a better button.NYT - 567 words
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Article, Illustration466 1989-09-16 19 Eyes say! Eyes say! The best frames in town are arguably available at the first fashion eyewear boutique in Singapore. ALEXIS, at the Paragon, stocks up on the big names, such as Claude Montana and Thierry Mugler. As with all labelled goods,466 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration444 1989-09-16 17 JUANITA SHAKILA - FOOD JUANITA SHAKILA I JUST WANTED a taste of Caiifornian paatriaa last week, but ended up having a double helping of everything. Before this. I hadn't tasted a Bear Claw, much leas one of Napolean's Stripes. But at Cafe D'Arts, there's more to the444 words
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Article473 1989-09-16 17 QUEK SWEE PENG - By QUEK SWEE PENG THE 700 YEARS of Arab domination hava left a culinary legacy on Spain. Finding it* way to the Far East during the era of the great voyage*. the chilli hae peppered the taste buds of the Spaniards. And, together with the esteemed473 words
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Article, Illustration1073 1989-09-16 17 JUANITA SHAKILA - JUANITA SHAKILA STAGE PERFORMANCES: Night of Grand Opart. Jointly presented by the National Theatre Trust and National University of Singapore Society, this gala has been organised to raise funds for Qrand Opera Carmen 1900 which will be Singapore's first full opera production. The two evening performances will feature Cynthia1,073 words
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971 1989-09-16 17 RICHARD SEAH - HEALTH By RICHARD SEAH Richard Seah It th* editor of Tito Qood Ufa. a toes/ health magazine FUN AND GAMES ended in tragedy this week when a young men choked in a mooncake eating oonteet and went into a coma. The incident drove home971 words
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Article, Illustration619 1989-09-16 18 BOOKS mlp!!(pwL^Sf ieeks THM ire no women or alrta m Ma nmL Only mm and toys ■IIQ VIV Qiy WQTKJ U lijf rflWß* IT****!-* r o SnNDQiSIf ffmUfTi DWmWm« ■PQ Na airing of f*on younger lovHit me flwwnmmg too# umwry laya ihv l619 words
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SHORT TAKES
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Article340 1989-09-16 18 TO SAY THAT all official openings art boring events cannot ba trua anymore. Bacauaa Ifw Marina Bay QoN and Country Ctub'a opening laat Thursday avanlng has aat a standard againat which all official opanfoga will henoatoflh ba meeRrat of all. 1,000 guaali had baan invited. But 2400340 words
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Article148 1989-09-16 18 THE INAUGURAL issue of Tho Good Life, the monthly newsletter that touts "nature's path to health, healing and happineea" has hit the news-atands. The September issue of its 10page newsletter printed on warm, stone-coloured paper (and probably perfectly biodegradable, too) ia chock-full of ways on how148 words
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Article, Illustration130 1989-09-16 18 BMW LAUNCHED iti flagahlp 8601 at tha IMB Frankfurt Motor Show In Qarmany this waak. An overdue replacement tor the 6-eerlee, the ooupa will ba BMWs top-of-the-line aat of wheels. Driven by a 12-cyiinder, five-li-tre powerplant developing 300 bhp. tha Moi goaa from 0 to 100 in130 words
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Article, Illustration133 1989-09-16 18 THE LATEST offering on the dinner theatre circuit is a William Douglas Home play The Reluctant Debutante to be staged at the Hilton Grand Ballroom. Set in London in the early *****, it recounts the total lack of interest a nubile young woman has in the frenzied matchmaking133 words
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Article139 1989-09-16 18 HAVE A HEART. Wear a poppy. Wear a Carven jacket and together, you would have done your good deed for the year. On Nov 9, Madam Carven unveils her Autumn/Winter collection in a gala dinner and fashion show at the Mandarin Ballroom, the proceeds of which139 words
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Article, Illustration855 1989-09-16 18 Roger Loh - Roger Loh LOU RKED: Lou Reed Live (RCA/ralasua) Lou Reed'a trademark la hard to pinpoint Even ha moat faithful fane can never fully figure out what route he a going to take. When he encountered contractual probtema with RCA. for exampie, he recorded Metsl855 words
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Article, Illustration302 1989-09-16 18 SYBIL HOLLOWAY - BRIDGE SYBIL HOLLOWAY TOOAY't deal was one of the nvw «ntii— nominated tor tha 1006/1960 Romex Award for tha baat bid hand of tha yaar. It was submitted by Ida Peilegri of Italy. •How Would You Md TMa Mm Playing in302 words
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Executive Lifestyle: Personal Investment
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Article, Illustration693 1989-09-16 20 STOCK MARKETS THE EUROPEAN stock markets ifciy be the "flavour o' the month thanks to Europe 1982. BOt over the long term, the Asian slock markets will still outpace thoee in Europe. This is because the Pacific Rim countries are expected to grow faster.693 words
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Article, Illustration1006 1989-09-16 20 PHILIP TEH - FINANCIAL PLANNING By PHILIP TEH By PHILIP TEH, tlnandml contullmnt, Inwtment Protection Planning Pirn Ltd 3SME PEOPLE leave the security of employment to pursue their agiams of personal improvement, financial success and to enjoy the challenge of being their own boss. By doing so,1,006 words
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Article, Illustration596 1989-09-16 20 KEVIN GWEE - US ECONOMY By KEVIN GWEE THE STRENGTH of the US dollar in the long term will cause a liquidity crisis which will throw the American economy and the rest of the world into s recession. That is. unless the growth of US money supply596 words
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865 1989-09-16 20 WALL STREET FT THAT WAS WHAT Barton Biggs. Morgan Stanley's chief inveetment strategist, asked at the top of a widely-publicised letter to clients lest Wednesday week. The question was obviously rhetorical. Mr Biggs, one of Wall Street's cannisst investment menagers and ths man whoFT - 865 words
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Article, Illustration597 1989-09-16 20 AL O LABITA Jr - SECURITIES By AL O LABITA Jr THE Manila-based Asian Development Bank (AOB) is studying < the Singapore, Hongkong and < Taiwan stock markets to see how i the securities market in eight other Asian countries can be improved to a comparable597 words
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Article438 1989-09-16 20 Conversion tarma Premium/ (discount) using Expiry Amount Pricoa (aa at r Exer Optional** Gearfcia 4 Company issutd Lnstk Conv Lnstk Caah Ln stk J Pi (m units) Wits Shara ratio price ■mlE nom toft value HI 4260 1.140 1.140 1.00 135 1.00 225 1.55 1.00 4.75438 words
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Don't quote me...
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Article230 1989-09-16 21 WE HAVE BEEN TOLD that owners of some rent-con-trolled houses are trying to take advantage of recent government ruiee to evict their tenants without paying the proper amount of compensation. What they count on is the tenants' ignorance of the law. In one case, the tenants230 words
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Article158 1989-09-16 21 IN ENGLANO. the Prince of Wsles is well-known for making waves in the architecture profession and the property market In Singapore, Mr S Dhana ba I an. the Minister for National Development, ie beginning to gain the same reputation. The minister recently visited the show158 words
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Article80 1989-09-16 21 RECENTLY, Jurong Shipyard happily proclaimed the award of a long-term contract by Pertamina to service the Indonesian company's tankers. Calls to Pertamina revealed that conglomerate Keppel Corporation waa also involved in the deal as Jurong Shipyard's Joint partner. The agreement between the three parties was80 words
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Article71 1989-09-16 21 DEPENDING ON WHO you talk to. Hongkong residents are either dying to come here or are too busy making money to be bothered with job offers from Singapore. According to a recent report in one Hongkong Chinese peper. a walk-in interview conducted by Singapore's Silicon71 words
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704 1989-09-16 21 KEVIN GWEE - SESDAQ By KEVIN GWEE SESDAQ COUNTERS took the Singapore stock market by storm over the last two weeks. In that period, the secondary board counters, which grossly under-performed the main board throughout the year, made up for lost time, and704 words
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Article, Illustration960 1989-09-16 21 LORETTA McLAUGHLAN - mm By LORETTA McLAUGHLAN THE ADVENT of new trading rules coupled with the possibility that some stocks may be upgraded to the main board has given all counters trading on the junior Seadaq board a shot in the arm. Due960 words
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382 1989-09-16 21 HERMAN PHUA - PRECIOUS METALS By HERMAN PHUA THE POTENTIAL exists for the currently bearish market tor precious metals to move into sn explosive relly. says chartist Martin J Pring. This is because of the "positive momentum characteristics and widespread bearish sentiment" that382 words
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Article, Illustration532 1989-09-16 21 C DOW - By C DOW Mr Dow is an investment manager with a major publiclylisted company. This forecast has been made solely on technical grounds and is the personal view of the writer and not to be construed as investment advice. THE HISTORICAL532 words
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Article, Illustration328 1989-09-16 21 GOOLA WARDEN - ®9P* pIIO? By GOOLA WARDEN chmrttt, OUB SmcurM—. OF LATE, the world s major equity markets have been showing signs of indecisiveness following strong gains in the summer when many msrkets reached new highs. Perhaps investors are s trifle nervous at the resemblance of328 words
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Executive Lifestyle: Sports
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Article, Illustration708 1989-09-16 22 CHARLES SAVAGE - MOTOR-RACING By CHARLES SAVAGE THREE-TIME world champion Niki Lauda has dismissed allegations by Alain Prost that the latter was given inferior equipment by the McLaren-Honda team but said the French driver wqfs getting less effort from them. 'Under a competitive team situation, he said, Prost suffered708 words
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Article, Illustration474 1989-09-16 22 SWIMMING AP AT THIRTY-NINE, Mark Spitz is a year younger than boxer George Foreman and two years older than hockey star Guy Lafleur. So", why stay retired? Spitz, one of the best competitive swimmers ever, hopes to win his 10th Olympic gold medal at the 1992AP - 474 words
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Article, Illustration157 1989-09-16 22 TENNIS AFP JOHN McENROE gained highly lucrative revenge for his Wimbledon semi-final defeat when he beat Sweden's Stefan Edberg 2-6, 6-4, 6-4 in an exhibition event in front of 6,000 spectators at London Arena on Thursday. Edberg beat McEnroe 7-5, 7-6; 7-6 when the two faced eachAFP - 157 words
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491 1989-09-16 22 CYCLING AP WHEN GREG LeMOND went to Europe this year, he was considered a has-been cyclist by many, even doubting himself after a poor showing in the American Tour de Trump. Less than five months later, he is leaving Europe more than US$5 millionAP - 491 words
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319 1989-09-16 22 BOXING AP FORMER heavyweight champion George Foreman, campaigning for a title bout against Mike Tyson, had a scheduled fight cancelled on Thursday when his unranked opponent failed to appear for medical examinations. Cruiserweight Bash All, a late replacement for another fighter,AP - 319 words
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Article, Illustration489 1989-09-16 22 CHARLES SAVAQE - FOOTBALL CHARLES SAVAQE SOME OLD CHAMPIONS don't just fade away into the mist after their blaze of glory on the stage of sports. Bobby Charlton is one of those who have put his sports savvy to work and built up a rapidly growing489 words
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444 1989-09-16 22 JEROME FANDOR - With JEROME FANDOR With JEROME FANDOR THE MUCH-VAUNTED Prince Maribeau makes his second appearance on local tracks today, the first day of the Selangor meeting for Class 2 and 4 horses. By Vice Regal, sire of Singapore Gold Cup and Hongkong Invitation Cup hero444 words
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Article, Illustration527 1989-09-16 22 ATHLETICS AP SEBASTIAN COE, one of the greatest runners in the history of world track and field, is to give himself "one more shake of the dice," then retire from the sport he has graced for more than a decade. The British middle-distance ace.AP - 527 words
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Executive Jobs
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Article, Illustration664 1989-09-16 23 SHOEB KAGDA - By SHOEB KAGDA BORN OF CHINESE immigrant parents in California. 43-year-old Barry Kwock is a long way from home but he has slipped into Singapore's multi-ethnic milieu rather comfortably. And it has nothing to do wtth his Chinese heritage. The new managing664 words
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Article, Illustration247 1989-09-16 23 ABACUS DISTRIBUTION Systems the computerised reservations system has appointed Tan Sri Dato Abdul Aziz Abdul Rahman chairman of the board of directors. Tan Sri Dato Abdul Aziz is managing director of Malaysian Airlines. The board comprises members from member airlines and Abacus. LOOI BOON BENG joins the247 words
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Article, Illustration1202 1989-09-16 23 DAVID MARCHINGTON - It is common for up-and-coming executives to make a beeline for the multinational company. Period. But, just as there are pros, there are cons as well, and plenty. Does it mean that SMEs make better employers? DAVID MARCHINGTON finds out. DAVID MARCHINGTON Mr1,202 words
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283 1989-09-16 23 EMPLOYERS can look forward to a two-day seminar next week during which they will be told of various strategies to recruit and retain their workers. Eight senior executives from the human reeource field in the private sector will be sharing their283 words
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Article484 1989-09-16 23 CHUANG PECK MING - By CHUANG PECK MING THE BOSS may get less lor stooging his guts out than some of his employees in s bank. Take a typical head of Treasury who, a survey of major banks in Singapore shows, receives a total of $210,878 including perks per484 words
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Page 13 Advertisements
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Advertisement267 1989-09-16 13 NEED A CAR LOAt Call USA from any phone, any day, anytime at 222 5544 or 222 8844— 1 FINANCE UNITED mtJf, Z I 4 Today ONF. WATCH REIGNS SUPREME. «1 t VI 2Tvf. «fv fe! ft: < Ultra-thin Royal Oak in 18kt gold, diamonds set bezel and full pave267 words
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Page 14 Advertisements
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Advertisement91 1989-09-16 14 It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European merger. FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business91 words
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Advertisement0 1989-09-16 14 |=`%,:+>>~_%]^+?`.`<{><=%(??_;:0 words
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Page 15 Advertisements
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Advertisement21 1989-09-16 15 ••A Nj pn f Opr '> lH f: THE EMANUEL UNGARO BOUTIQUE 290 ORCHARD ROAD #01-36 PARAGON SINGAPORE 0823 TEL: *****36(*****71 I21 words
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Page 16 Advertisements
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Advertisement875 1989-09-16 16 A Where to entertain... Where to entertain... Where to entertain... Where to TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CALiFORNIAN DEUGHTRJL HOT AND COLD DiSHES A JAZZ BAND TO PUT YOU IN A MERRY MORNNG MOOD EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS875 words
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Advertisement227 1989-09-16 16 gfSTANA GOMES TO TOWN. Ql£P ovcr6o tantalizing dishes, prepared with true Spanish ardour and colour. Explore the legendary flavours and visit Spain without ever stepping onto Spanish soil! Only at The Belvedere. SPANISH BUFFET LUNCH I—3o September 12 noon —2.30pm Aduit: $33++ Child: $17++ Wt wrm the wmM mymmt <3zrmur227 words
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Page 17 Advertisements
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Advertisement160 1989-09-16 17 rntertoin.. Every Sunday There's A Family Feast In HkE Park. At the Hubert uj Grill\ Sunday brunch is a great outing for the family. A glorious buffet spread is laid out for both grown ups and children. And to make sure tbektdd are truly entertained, there's an exciting Mattel playroom.160 words
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Page 18 Miscellaneous
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Miscellaneous776 1989-09-16 18 CRYPTIC PUZZLE ACROSS 9 Accepted the poeition, as it happened (4. 5) 10 I dealt one to myself at Just the right moment (5. 4) 12 A male name, you observe (4) 13 Don't work or do work for a ciockmaker (6) 14 Anxious, shook (7) 15 Are they laid776 words
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Page 20 Advertisements
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Advertisement131 1989-09-16 20 H»I''III CANADA Lake Reardon Resort Land For Sale Located 4 miles off the town of Brownsburg, the Lake Reardon site will certainly attract people interested in enjoying NATURE in the LAURENTIANS while being approximately 25 minutes drive from the Montreal International Airport Mirabel; an hour from MONTREAL and 1 hour131 words
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Page 21 Advertisements
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Advertisement28 1989-09-16 21 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.28 words
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Page 23 Advertisements
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Advertisement165 1989-09-16 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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Advertisement211 1989-09-16 23 Singapore Chinese Chamber of Commerce Industry seeks a highly motivated individual with proven administrative and organisational skills for the challenging position of Executive Director. The candidate must be a degree holder aged between 40 and 45 and possess relevant working experience in administrative work in large companies, societies or associations.211 words
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Advertisement156 1989-09-16 23 JBF The Singapore Institute of Surveyors snd Valuers invites applications for the position of Executive Director We are looking for someone who is dynamic, capable and Interested In a challenging career. The Job The successful candidate will report directly to the Council and will be responsible for promoting the Institute,156 words
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Page 23 Miscellaneous
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Miscellaneous24 1989-09-16 23 BrlStc^rrßanicDi DID Hpye f\ KICC o>e€Kei4D p IT STF\fn£D TO GO UrftoMG OM FftlDfVY "1 suppose, i suouid nwe 0 uJOKST IN memoßV living24 words
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Page 24 Miscellaneous
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Miscellaneous629 1989-09-16 24 Asma Amira, Today, 3 20pm, SBC 5 Two sisters get involved in a love triangle, in this Made-in-Malaysia movie. Asma and Amira are direct opposites of each other. But in a complicated twist, they end up loving the same man while travelling between Kuala Lumpur and London. Stars Liza Othman629 words
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Miscellaneous3542 1989-09-16 24 tm £MLOi*X*A/t pWMU*ti r-f mx»-rm -■*>-? SATURDAY: C: Chinese; T: Tamil; Malay; r: repeat ■m .u PM Opening and Programme Highlights followed by Life Matters Arthritis Mickey Mantle's name is magic, his baseball teats legendary, but his knees are arthritic relics of an iniury-plagued career In this episode. Dr Norman3,542 words
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