The Business Times, 21 October 1989
1989-10-21
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The Business Times
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Title Section14 1989-10-21 1 BUSINESS TIMES TlwWWrtWwMl WiDteiWfWc >>■»». MCI (P) 45/12/88 Weekend Edition, October 21-22 1989 75 CENTS14 words
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572 1989-10-21 1 HELEN CHANG - IMPACT OF SAN FRANCISCO QUAKE ON S'PORE BUSINESS By HELEN CHANG SINGAPOREAN electronics companies have suffered little physical damage in the San Francisco Bay Area earthquake, but they may experience short-term losses due to delayed shipments and a slowdown in orders by Amertcsn companies recovering572 words
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Article39 1989-10-21 1 Reuter WALL STREET stock prices pered inltisl slight gains snd turned lower In early trading yesterday amid a sharp drop in transportation averagee. The Dow tell about three to 2,681. Decliners outpaced gainers by about six to fiva. RouterReuter - 39 words
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Article45 1989-10-21 1 AP LONDON ahare prices were slightly lower d midday yeaterday, with prices drifting in thin, featurslsss trading. Sentiment wes dented by earty weeknsss in ths pound againd the mark. The FTBE 100-ehare index was down 64 points d 2,182.8 points d noon (1100 GMT). APAP - 45 words
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Article366 1989-10-21 1 GENEVIEVE CUA - By GENEVIEVE CUA JUST UNDER a third of the suppliers and industrial sod-users who tandared for a share of ozone-depleting chemicals have succeeded in their bids. The Trade Development Board disclosed last night that the lowest successful tender price for chlorofluorocarbons (CFCs) was366 words
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416 1989-10-21 1 ONE OF Hongkong's best-kept corporate secrets is likely to be revealed next year. Hongkongßank, the colony's biggeet bank, has disclosed that it was studying s provisionsl plan to make public the size of its substantial inner reservee, the416 words
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228 1989-10-21 1 Reuter THE US Federal Reserve and the Bank of England instituted night shifts to intervene during Asian currency trading if needed, after the Group of Seven communique on Sep 23, market sources said. The Bundesbank established an early morning shift,Reuter - 228 words
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302 1989-10-21 1 THE CHARGES against Hong Leong group chsirmsn Kwek Hong Png and his nephew may affect plans to list the hotel arm of City Developments Ltd on the Hongkong Stock Exchange. The South China Morning Pot reported yestsrday that it was understood thst the exchange302 words
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Article, Illustration171 1989-10-21 1 WALL STREET'B 30-poiot gsin on ttw second anniversary of tie global stockmarkst Crash rubbed off onto the regional markets yestsrdsy. In Tekye, institutions and foreign and private Inveetors shrugged off memories of the 15 per cent crash in prtcee two years sgo to push up sharei171 words
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Article124 1989-10-21 1 Mtfay ST Mum** Max 1,345 jM W) •TCompo*oMox 1,216^8(+7.S3) NST Moftrial Max 2,504J1(*2*47) HK Hang Smiq Mu 2703.95 4058) Tokyo NMnl Avorogo 35/4t6J8 (+*****) ISTiokiSSS 1 Now York (Dow Jonot) 39.56) London (FT 30 Indox) 1,772.1(4-1 3j6) US* U1.35yon *****0M SSI.9555 I. USS1J9S5 M* SS***** Ewro-S (Doc)124 words
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Page 1 Advertisements
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Advertisement259 1989-10-21 1 Nikon The Vterid's Fined Photographic Sydsm. I |pB|; j Tidings from heaven, greetings for man Page Two That bloody night in June Page Three Krug the Rolls-Royce of champagnes Page Four Ml Natural diuretics that are harmless Page Five From the Sixties to SODA Page 81* Light and easy silks259 words
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Advertisement156 1989-10-21 1 MORE REPORTS, PAGES BlJMiafcen cHy raaumlng BuNdar rf Mailed Highway shocked As soon as you j£"\ selves as connoisseurs, enter The Hour Glass connoisseurs And our customers F O R COLLECTORS II Timeless value from Rolex... and The Hour Glass. |l to examine our Rolex It manifests itself as fellow156 words
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Advertisement11 1989-10-21 1 Move Reports, PAGE 4 ntlng flew of Asian Investment BACK PAGE11 words
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Advertisement25 1989-10-21 1 Nikon M report, PAGE IHBlond Mkta, PAGE It Wortd Mkta, PAQE 11 CHOGM '89 Summit's dlvislv# PMLh dIMUHM HK, regional forum wNh Thatchtr; BACK PAQE25 words
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HOME NEWS
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Article, Illustration473 1989-10-21 2 JEFFREY TSANG - WAYS TO BETTER PENETRATE THE LAND OF THE RISING SUN By JEFFREY TSANG JAPAN'S imports from the Asian region grew by 47 per cent last year. But even with this phenomenal growth, progress of foreign efforts to penetrate the Japanese market seems473 words
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282 1989-10-21 2 IN AN EFFORT to increase trade with Japan, the Trade Development Board ia setting up a second office, this time in the second largest Japanese city of Osaka. The office, which will be set up in late November, will complement its existing office282 words
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Article, Illustration274 1989-10-21 2 Genevieve Cua - lIXJ I by Genevieve Cua VETERINARIANS in Singapore are getting involved in genetic engineering to produce "transgenic" animals animals which can be engineered to eat less, grow faster or have less body fat. National Development Minister S Dhanabalan disclosed this yesterday during the274 words
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155 1989-10-21 2 THE ECONOMIC Development Board (EDB) will lead its first sutomation business development and study mission to the US next week. Headed by the director of National Automation. Mr Leong Cheng Chit, the miaaion will be in the US from Oct 23155 words
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88 1989-10-21 2 WEARNES TECHNOLOGY and Ashton-Tato software have entered into a joint "computing triathlon" promotion with MPH Bookstore. During the promotion, the two computer companies will display and sell their products at tour MPH bookstores in Stamford Road. Robinson Road. Centrepoint and Parkway Parade. For the two88 words
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374 1989-10-21 2 SANGEETA MULCHAND - By SANGEETA MULCHAND THE GROWING TASTE among affluent Singaporeans for salmon will probably make it the fastest growing category in Norway's trade with Singapore thia year. In an interview with BT. the regional representative of the Export Council of Norway. Oie374 words
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262 1989-10-21 2 JEAN FOONG - By JEAN FOONG SUZUE-PSA Cokj Storage has leased space from the Housing Board at a cost of $2 million a year to boost its coidroom facilities. The three-year lease starts on Nov 1. Covering an area of 4,177 square metres, the additional space located262 words
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Page 2 Advertisements
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Advertisement86 1989-10-21 2 SOMETIMES WHAT YOU DON'T KNOW CAN HURT YOU. A A* At i t mhrniwii'' fti *z > a/ Wlth retevanf v ,V>M ma/ze moves -J—Tbe ngbf information can give you the cutting edge over your competitors. M M t Penned by some of the region's best writers, our magazine will86 words
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Page 2 Miscellaneous
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Miscellaneous202 1989-10-21 2 Global l*mp*ratur«« and wMthar forecast tor Oct 21 mdMfrmillflMllM CHy Max/ Note outlook: MmNn rc kpm far 34 haon prior Afaordoon 13/09 WMy to 7.30 pi m Oe 30 al AiiHi limn 15/109towori Atom 22/11 Sunny Awddand It/11 Fair Aoooo kanM% .76, Bangkok 31/24 Cloudy —"TlLm* M MN 19/08 Oowdy202 words
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FOREIGN NEWS
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457 1989-10-21 3 Reuter THE European Community is considering phasing out restrictions on car imports from Japan by 1998 a scenario bound to disappoint Italian snd French car makers. EC snd industry sources said. The plan, discussed st a meetingReuter - 457 words
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317 1989-10-21 3 AP THE CHIEF of the International Monetary Fund credits Japan with significant economic achievements and says the Japsnese should now take the lead in eliminating trade barriers. "It Is particularly important for Japan to take further steps to improve market access forAP - 317 words
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Article834 1989-10-21 3 ARRIVALS Operator Sorvtc* 1 jocai taw From QFA S1A G4A PAL THA SU SU TtY GU SU THA SA MAS SA SU SU SU SU MA THA GU CAL SVA SU THA CPA TMA KIM PAS MAS OIH MAS MAS SU SU CCA SU QPA TtY SU834 words
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366 1989-10-21 3 AFP THE third round of EastWest conventional arme reduction talks ended in Vienna on Thursday with negotiators confident a treaty will be signed next year. The seven Warsaw Pact delegations responded poeitively to propoeals put forth by the 16 nations ofAFP - 366 words
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183 1989-10-21 3 AFP A FLORIDA power company that won Japan's moat coveted quality award haa come under Are for hiring Japanese consultants linked to the union making the award. State officials have been asked to investigate charges that Florida Power and Light hiredAFP - 183 words
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168 1989-10-21 3 AFP THIS YEAR'S refugee exodus to the West has cost East Germany billions of marks, according to an economiet of the University of Halle Wittenberg in the centre of East Germany. Peter Thai said in an article published on Thursday in theAFP - 168 words
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240 1989-10-21 3 NYT HIGH-DEFINITION television (HDTV) has come of sge in Japen technologically at leest That seems to be the prevslling impression shared by visitors to the Jspsn Electronics Show '00, which opened in Osaka on Thursday. Among displays of the latest tschnologiss, such asNYT - 240 words
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Article, Illustration386 1989-10-21 3 Agencies BRUNEI WILL BUY British Aerospace light attack aircraft patrol vw la and othar military equipment to beef up its defence forcee in a US$4OO million deal. Britain will supply a squadron of 16 Hawk-100 fighter aircraft and three missileequipped offshoreAgencies - 386 words
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291 1989-10-21 3 Asahi SUMITOMO Metal Industries Ltd has become the latest Japanese steel maker to announce plans to davalop theme parks in Japan as a way of diversifying from its core business, which in recent years haa suffered from increased foreign competition.Asahi - 291 words
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377 1989-10-21 3 AFP INDIA is prsparlng its Isrgast and most expensive security exercise ever for next month's polls, when 500 million Indians elect a new Parliament for the world's largeet democracy. The awesome plan to mobilise hundreds of thousands of troopa waa launched on WednesdayAFP - 377 words
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Article, Illustration27 1989-10-21 3 A 12-metre-high bunch of grapes consisting of 2,500 balloons s world rscord sat by tha growers of tha Tourslna-Maslsnd wine In Onzaln, Central Franca.27 words
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243 1989-10-21 3 Reuter CHINA yestsrday reportsd that inflation had slowed dramatically due to Hi 13-month-okl austerity programme. Zhang Zhongji, spokesman for the Stats Statistical nuraaii. told a news conference that ttie annual inflation rats had halved since the first quarter to 13 par cent InReuter - 243 words
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Page 3 Advertisements
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Advertisement6 1989-10-21 3 LONDON CtpmlimdAimmAkQmtmTMm /Sj Air Canada sl6 words
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Advertisement121 1989-10-21 3 A UNIQUE BUSINESS OPPORTUNITY I GKN Australia Ltd are inviting companies to tender for the purchase of 240 tons of system scaffold and 32 selfpropelled scissor lifts. The lifts range in elevation from 3 metres up to 10 metres and are either petrol or electrically powered. The equipment may be121 words
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FOREIGN NEWS
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420 1989-10-21 4 AL O LABITA Jr - FIRST-HALF BILATERAL TRADE SOARS TO US$36l m By AL O LABITA Jr SINGAPORE is now the Philippines' fifth major trading partner. In the first half of this year alone, the two Asean membernations' bilateral trade ballooned to U*****.1 million, and senior Filipino economists420 words
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353 1989-10-21 4 Reuter BRITISH businessmen end politicians on Thursday welcomed s decision by Britain and Argentina to restore consular relations and direct air and sea links, broken during the 1962 Falkland# War. Keith Newlanda, Latin America consultant for the Confederation of British Industry, said:Reuter - 353 words
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262 1989-10-21 4 Reuter THE US government's General Accounting Office said that South Korea's trade protection policy has prompted the diversion of a flood of coveted US goods from US military shops to the local black market. Donna Heivilin, GAO's director of logisticsReuter - 262 words
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210 1989-10-21 4 AP US SECRETARY of Commerce Robert A Mosbacher on Thursday called (or radical changee to solve the "desperate economic problems" In Eastern Europe. In a speech, Moebacher also said that independent banks are essential for solving the economic problems of those CommunistAP - 210 words
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Article, Illustration371 1989-10-21 4 AFTERMATH OF THE SAN FRANCISCO EARTHQUAKE NYT IT WAS business almost as usual on Thursday in San Franciso's Bay Area as the banks opened for business, the hotels began restocking food and the computer-chip producers operated at full speed. To be sure, some problems remained.NYT - 371 words
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226 1989-10-21 4 Reuter THE MAN who built the highway that collapsed and killed 250 people in Tuesday's earthquake said he had expected half of San Francisco to cave in before his road crumbled. Hampton Roberts, 72, who supervised and managed the construction of the stretchReuter - 226 words
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279 1989-10-21 4 The latest tourist attraction quake debris Reuter TOURISTS who flock to San Francisco to see cable cars climb half-way to the stars hava found a grim naw attraction in the city of song death and destruction. While weary emergency workers search for survivors and clear rubble from Tuesday's devastating earthquake,Reuter - 279 words
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Article1739 1989-10-21 4 AT CONVENTIONAL WHARVES Vinal Voy No MhAnM Dapartun Kappsl WharvM olong** 2110/0600 Equator Groc I4/89C K20 olongrtte 21.10/0100 HonaoBgo 5E K33 okxigwk 2110/2359 Huadiuon 8910 K30 otongwd# 21.10/2399 Martina Don* 31A K34 olongsid* 23.10/ 2300 NMom) l6Wb K35 otoneud* 2010/ 1900 Noc Sfcoufco 8031 KI5 alongside 2010/1,739 words
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Page 4 Miscellaneous
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Miscellaneous41 1989-10-21 4 Doonesbury by garry trudeau goose* s/p! u/h&zyou I I m 'RB is rr A imp* of 1k > may PAY CITY. 1 8&N, dABB? IGOTA 316 I KIPPING* CDUFSB 175 A UJOHJ' GET 7H& H&S n a n AV Zr- Wky' J.41 words
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BANKING AND FINANCE
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238 1989-10-21 5 By QUAK HIANG WHAI JAPANESE manufacturing giant Asta Matsushita Electric (S) is launching a $50 million note issuance facility on the local capital market. The borrower intends to use the proceeds from the three-year facility to finance its general operations here.238 words
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Article84 1989-10-21 5 Reuter FIVE Western banks have signed an agreement with Soviet officials to open the first mixed capital bank in Moscow to finance the growing number of joint ventures. A spokeswoman for- Credit Lyonnais said yesterday the new bank would be 60 per cent owned by its WesternReuter - 84 words
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280 1989-10-21 5 A NIGHT OF MUSIC and charity will be the highlight of Kansal-lis-Osake-Pankki (KOP)'s centenary celebrations in Singapore on Monday. KOP, Finland's largest commercial bank, is flying in an opera singer and an accompanying pianist from Helsinki to help celebrate its 100 th year280 words
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327 1989-10-21 5 Bernama MALAYSIA'S Ban Hin Lee Bank Bhd (BHLB), which has a full banking licence in Singapore, hopes to be listed on the Kuala Lumpur Stock Exchange by 1991, said its director Dr Salim Caasim. In addition, the bank also intends toBernama - 327 words
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239 1989-10-21 5 Reuter FOR THE FIRST TIME since 1929, the Federal Bureau of Engraving and Printing is looking at new designs for US dollar bills of all denominations to beat counterfeiters. A bureau research panel said the proposed changes, not visibleReuter - 239 words
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COMMODITIES
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Article350 1989-10-21 5 RAS prices In I canto/kg, FOB in baton NOON CLOSE flu y 3 4 y 4 S® 111 bit 1 RSS Prompt 162.00 163.00N 162.25 163.25N fa* 1 RSS Nov 163-50 164.00 163.75 164.25 bit 1 RSS 0k 166.75 167.25 167.00 167 JO Int 2 RSS OP350 words
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Article202 1989-10-21 5 London Commodity Exchange Buyer/Seller dosing prices on Oct 19 (£/tonne unless specified). Previous dosing prices in parenthesis. Coffee Bosh ln-jtof• London, sellon option OF London Nov 703/706 {704/705) High/Low 710/700 Jan 666/668 (675/676) High/Low 678/666 Sotot (2338) Cocoa Doc 732/734 (739/740) High/Low 742/729 Mar 715/716 (720/722) High/low 722/711202 words
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Article301 1989-10-21 5 SINGAPORE: Rubbar prices closed little changed yesterday, with November 1 RSS buyer quoted at 163.75 cents a kg, up 0.25 cent from Thursday's close. Dealers said the afternoon market was very quiet and featureless, with prices hovering within a narrow band in thin trade. On the TSR-20 Award market,301 words
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Article193 1989-10-21 5 THE Kuala Lumpur Tin Marital (KLTM) yaetorday rebounded two aan to end at M 520.54 a kg on ahoricovaiing allar a sharp (all on Thursday, brokers •aid. "R to a technical adjustment as lha prlca had fallan too much," ono daalar said. Tha market attractad brisk European, Japanaaa193 words
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Article614 1989-10-21 5 MALAYSIAN CRUDE PALM OIL FUTURES on the Kuala Lumpur Commodity Exchange eased off yesterday under the pressure of profit-taking and liquidation ahead of the week-end, dealers said. The loss was also aggravated by bearish technical indicators of higher production and stock figures. According to the Statistics Department yesterday.614 words
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Article195 1989-10-21 5 Chinese Produce Exchange Seller*' non closing prices on October 20 (SS/100 kg) Coconut oil Bulk FOB 92.00 OW drum FOB 106.00 New drum FOB 102.00 Copra Mixed (loose) 52.00 teller? Pepper mUnro* WTWTw FOB Niw 490.00 Sarawak whit* FOB foq NIW 480.00 Sarawak tpedal black FOB NIW 392.50195 words
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Article158 1989-10-21 5 Telerate SENTIMENT for fuel oil was partially boosted by a stssdy HSFO futurss market Offers for CSTIBO were reportedly up ss high ss $100 mt fob Sing for November cargoss. Bids, however, were $4 mt lower st around $06 mt fob Sing. Fundamentals tor CSTIOO wereTelerate - 158 words
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Article105 1989-10-21 5 Reuter CBOT soybean futures closed up 5-3/4 cents to 9.0 cents a bushel on Thursday. with spot November above its previous resistance. The contract cioeed at U555.65-1/4. Traders said demand was the driving force that took prices higher. "We've got rumblings that the Soviet Union is buying 200.000 toReuter - 105 words
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Article89 1989-10-21 5 Reuter WHILE most of the Thursday's trading centred in CBOT corn and the soy complex, wheat futurea staged a late comeback to end up 1/4 to 3.0 US cents. Spot December closed up 1-1/2 cents at US$4.O73/4. Commercials were the most active buyers, traders said. Two-to-five-inch snows acroea theReuter - 89 words
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Article285 1989-10-21 5 HONGKONG: Gold ended firmer yesterday in quiet two-way trade on a lack of fresh incentivee, dealers said. They said light shortcovering by US and Australian traders boosted prices despite light selling by Swiss traders. Bullion rose to USS3B6.BQ/367.30 an ounce from New York's U*****.30/80 close. Local gold cloeed285 words
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Page 5 Advertisements
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Advertisement87 1989-10-21 5 I w m. A A.' I/Pfk js B a j I I I flafes are subject to 10% service charge &5° c Gov: I I FOR RESERVATION: I HOTEL GRANDI-.:. E I U l *T«?i*WMTJW3M»». Tte MA «Mi.' I I HOTEL ORAM) COKnNBOTAL <Kuate Lumpur) Tel TtxMA 28 200 Fex87 words
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MONEY AND EXCHANGES
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554 1989-10-21 6 ONLY WAY TO CURE BRITAIN'S ECONOMIC ILLS Reuter BRITISH Chancellor of the Exchequer Nigel Lawson, sharply criticised for using high interest rates to choke inflation, defended his strategy on Thursday as the only way to cure Britain's economic ills. "The key to operating aReuter - 554 words
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357 1989-10-21 6 AFP UK BANK LENDING hit a record £10.2 billion (US$l6.3 billion) last month and the M 4 money supply was up 2.4 per cent over the previous month s level, the Bank of England said on Thursday. The M 4AFP - 357 words
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Article51 1989-10-21 6 THE overnight rat* on the Singapore money market waa unchanged at 5-5/8 per cent yeeterday. Term ratee were also unchanged. S$ Interbank rates at itw doM yatterdayt arm m 0-r-3 S/t 3 1/2 1-w* Si/9 3 1/4 2-m* 5 1/1 3 1/4 3 3/t 3 1/4 nod* S51 words
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Article104 1989-10-21 6 Treasury bills Period tou* Yoslorday's dosing Day's cod* Maturity ND OFFER NGH LOW 3 month* IS*****V 18.01.90 4.28 6 month* 8S*****V 18.01.90 4.28 4.23 1 yor BY*****Z 18.10.90 4.33 4.28 4.33 4J1 Government notes and bonds Poriod ts«M Maturity Coupon Yostorday's dosing Day's oodo rat* MO OFFER104 words
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Article, Illustration151 1989-10-21 6 •m prim* latiii«nSa of 12 M|or tanks In •>«« Interbank mart** rates (oller/bkl) on Oct 20 US$ DM SWFC Y«n 7 4m *11/14 Il/l* IS 1/1* 14 IS/1* 7 J/4 7 7 1/3—7 1/4 3/1*—1/1* I.* •J/4-«»/» Ml/i—W 77/»-7»/4 7I/J-7J/I 1/4 1/* 1 *V« I* 1/1* 7151 words
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Article1138 1989-10-21 6 SINGAPORE: Position-squaring and news that British Airways will not participate in a buyout of UAL pushed the US dollar down against most currencies in quiet trade, dealers said. "The dollar fell in the afternoon when news of British Airways not participating in a UAL buyout brought renewed nervousness1,138 words
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Article515 1989-10-21 6 Reuter EURODOLLAR futures yesterday cloeed mixed in moderate trade on short-covering and weekend booksquaring in thin trade, dealers said. December Eurodollar fell to 91.71 from Chicago's 91.72, while March was unchanged at 91.96 with about 3,585 lots traded. Currency futures ended higher on a US dollar that eased afterReuter - 515 words
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Article242 1989-10-21 6 IMM currency futures ended mixed on Thursday, surrendering the bulk of the day's advance in afternoon trading. While mark futures ended the day largely unchanged, traders saw favourable interest differentials supporting the West German currency contract. Prices rallied initially when the US consumer price report showed flagging growth in242 words
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Article802 1989-10-21 6 CURRENCY FUTURES OPTIONS Friday October 20, 1969 ntlllX IWWftBB (MMEX) DHNHII 0M«pm» Ln> Ml M* Lm> M 53 53 54 JAPANESE YEN (SMKX) 0m««» 0H«pMi Lm Mi M* Lm Mi 71 73 73 75 CURRENCY FUTURES OPTIONS IMM Thursday, Odobcr 19, 1989 MtfTMM POUNO Ml.—. owHi pmr t Mm802 words
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Article246 1989-10-21 6 ASIAN dollar deposit rates ended little changed from their opening levels after quiet trading yestsrday, dealers said. Term rstes firmed 1/16 point st the start following a rise in New York stock prices. One month closed at 8-3/4 8-5/8 per cent, three months at 8-11/16 8-9/16 per246 words
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Article153 1989-10-21 6 Gold futures on Odobor 19, 1969 100 toy ouncas. USS par toy ounc* Opw Mgb Low MM Oct 367.10 -1.60 No* 36X70 -170 Omc 37X50 373.90 ***** ***** -140 Fob *1 377AO 377.60 374.10 ***** -140 Apr 301.00 361.30 376.30 36X90 -140 Jw 366.30 366X0 36X60 36X70153 words
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Page 6 Advertisements
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Advertisement401 1989-10-21 6 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PEPE SINGAPORE PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) Members' Voluntary Winding-Up At an Extraordinary General Meeting of the Company duly convened and held at 101 A Upper Cross Street, *09-20 People's Park Centre, Singapore 0105 on401 words
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COMPANIES & STOCK MARKETS
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413 1989-10-21 7 Bernama HUME INDUSTRIES (M) Bhd has earmarked a total of M 520.16 million out of the proceeds of about M 5143.16 million from proposed rights issue for the repayment of its debts. Hume, a building materialsbased group withBernama - 413 words
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Article919 1989-10-21 7 Current b Boofca Data T«W tor Total tar pmywZ* <tata ctaoo W— tart A I S B 12%(fa) Doc 27 Jon 11 Jon 23 12% '0% Amol Stool 8%TEID Nov 30 Doc 14 to. 22 8%TE 8%TE Asiatic Dov 2.5%(0 Oct 5 Oet 19 No* W% 5 5919 words
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Article, Illustration461 1989-10-21 7 ELAINE KOH - By ELAINE KOH SPP LTD, the paper manufacturing subsidiary of Tuan Sing Holdings, is selling its 33-year-old industrial building in Alexandra Road through a tender to be launched next week. The five-story flatted factory and office, a few doors away from the Kodak office461 words
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Article, Illustration601 1989-10-21 7 MBT. BERJAYA CORPORATION Bhd is aiming for a turnover exceeding Msl billion in the current year compared with $477 million last year. Berjaya director and group general manager Yong Teck Ming told reporters after the company's 20th annual general meeting in ShahMBT. - 601 words
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Article, Illustration397 1989-10-21 7 KEVIN GWEE - By KEVIN GWEE DIVERSIFIED ARAB Malaysian Development Bhd (AMDB) has turned in a set of sparkling results for its latest half-year, which matched the earnings for the full year ended Mar 31, 1969. For the six months to Sep 30, 1989, group after-tax profit397 words
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496 1989-10-21 7 MBT UNITED ENGINEERS (M) Bhd has forecast a gross earnings per share of 80.7 sen and 94 sen for the years ending Dec 31, 1989 and 1990 respectively. This is based on its existing issued capital of 75 million shares ofMBT - 496 words
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Article391 1989-10-21 7 UNBAR ESTATE Sdn bhd, I a subsidiary of Emtex Cor- I poration Bhd, ha* boon put i under receivership follow- i ing a default by a third par- < ty to a loan obtained from MBf Finance Bhd. Emtex told the Kuala Lumpur Stock Exchange a representative from391 words
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SES
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Article, Illustration1094 1989-10-21 8 ABDUL HADHI - by ABDUL HADHI WALL STREET S rally on the second anniversary of the October market crash and gains on regional markets lifted Singapore share prices. The Straits Times Industrials Index gained 8.48 points to 1,345.60, while the 40-component Business Times Composite1,094 words
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Article311 1989-10-21 8 Managers' prices for Oct 21/23 Singapore Unit Trust The Commerce 1.17 124 The Savings Fund 101 102 S pore Prog fund 045 0 49* S'pore Sec fund 0.74 079 S pore Invest fund 0 78 083 S'pore Equity fund 055 059 Asia Unit Trust Mai Invest fund 139311 words
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Article50 1989-10-21 8 LINQUI DEVELOPMENTS BERHAO: 21st AGM at the function room, Bth Floor, Mirama Hotel, Jalan Maharajalela, Kuala Lumpur, on Oct 25 at 12noon. AMALGAMATED PROPERTIES ft MOUSTRES BHD: 19th AQM at Campaka Room, Mazzanina Floor, Hotel Equatorial, Jalan Sultan Ismail, *****, Kuala Lumpur, on Oct 25. Wednesday, at 10am.50 words
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Article5785 1989-10-21 8 Or'a Qr*s 1969 Tal Last Vol Day Last Quote Dtv Dtv TM Nat M Cap High Low Coda Company 8ala +or- ('000) High Low Buyar Sallar Cvr P/E Smll OCT 20 SESOAQ 280 120 I 4000 Amtek Eng 20* 271 -2 56 274 266 271 272 12.0N5,785 words
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KLSE
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Article, Illustration3505 1989-10-21 9 SHARE PRICES on the Kuala Lumpur stock market managed to finish slightly higher aa lata profit-taking trlmmad aarllar galna In modarataly qulat trading yaatsrday. Oaalars said tha advanca was strongsr in tha morning, partly booatsd by the overnight sharp 30.56point jump on Wall Street The Dow3,505 words
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REGIONAL MARKETS
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499 1989-10-21 10 DIRECTORS SAY COMPANY REMAINS VIABLE Reuter ALAN BONO'S flagship company, the Bond Corporation, has announced the largest loss In Australian history. Bond Corporation said it had chalked up a net loss of AsBl4 million (US$6lO million) in the year to June 30 afterReuter - 499 words
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300 1989-10-21 10 Reuter CRA LTD ia buying the coal buai- i ness of the British Petroleum Co of I Australia Ltd for US$275 million, i the companies said in a joint state- i ment. 1 The wholly-owned indirect subsidiary of the British Petroleum CoReuter - 300 words
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Article76 1989-10-21 10 AFP JAPANESE STEELMAKERS plan to boost Investment by 7.1 par cant to 750 billion yen (US$5.3 billion) next year to modernise and expand production facllltiee. the Japan Iron and Steal Federation aaid. That comparee with an estimated 700 billion yen (U554.96 billion) in the current fiecal yearAFP - 76 words
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Article54 1989-10-21 10 Reuter INDONESIA will privatise the Jakarta Stock Exchange by the end of thia year, aaid an official of the Capital Marketa Executive Board (Bapepam), the state body that currently operatee it "We are in final preparation." he said. "With private management, we hope the marketReuter - 54 words
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Article, Illustration538 1989-10-21 10 Tokyo Reuter THE TOKYO market ended the week on a high note, both in terms of volume snd share pricee. A variety of Inveetors cams into the market from institutions to foreigners to private Inveetors. shrugging off memoriee of the 15 per cent crash in pricee twoReuter - 538 words
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Article, Illustration1200 1989-10-21 10 Hongkong HONGKONG share price® roe* sharply yesterday on Wall Street's Thursday gains and news signalling a positivs turn In SlnoBrtttsh political relations. rinj IS|l~i I ih (M po«iuc*i rn#ionc that's been flying around is one of the things that has been holding the market beck," said1,200 words
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Article183 1989-10-21 10 Reuter SEOUL stocks fell in thin trsding for the third strsight day yastsrdsy, bringing ths index to ths brink of breaking ths crucial 900 barrier. The compoeite Index clossd at 003.20 yestsrday, down 6.25 points from Thursday and 31.6 points from Monday. Turnover was 136 billionReuter - 183 words
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Article196 1989-10-21 10 THAI stocks moved higher across the board yesterday in reeponse to overnight gains on Wsll Street. The Stock Exchange of Thailand Indsx gainsd 13.70 to doss st 666.66 in sctivs trsds. Qsins outnumbered loesss 120 to 11. Most sctivs were Padaeng Industry, Sism Cement and Semi-Conductor. OCT196 words
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Article, Illustration423 1989-10-21 10 Sydney Reuter A STRONGER CLOSE on Wall Street led Australia's share market higher in relatively subdued trading yesterday. The All Ordlnariee index climbed 15.2 points to dose at 1,673.1, barely off Its high for the day at 1,674.1. The Index has lost 60.2 points since laat Friday, beforeReuter - 423 words
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Article95 1989-10-21 10 Reuter THE NEW ZEALAND share market closed firmer yesterday after opening strongly on Wall Street's 39.56-point rise but drifting off in afternoon trading. Brokers said Investors were nervous about the long weekend with Wall Street having two trading days before the NZ market reopened on Tueeday af-Reuter - 95 words
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Article176 1989-10-21 10 Reuter BUOYANT eentlment pushed Philippine shares higher scroes the board yesterday in pre weekend trade following firm Wall Street prices. "The Dow Jonee made It through the (Oct 19. 1907) Crash snnlversary." said trader Hermle Santiago of Pryce Securities Inc. "Jitters have eased snd ws don'tReuter - 176 words
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Article103 1989-10-21 10 Reuter JAKARTA stocks rsnged around previoue levels in slow half-day trads yesterday, while the index inched down 1.66 to 431.39. One stock performed well among a host of losers. Pharmaceutical firm PGI, formerly Richardeon Vicks, shot up seven thousand rupiah to 96,000 on a trade ofReuter - 103 words
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Article391 1989-10-21 10 Reuter TAIWAN shars prlcee lost some ground from eerty gains to close moderately higher yesterday after Investors sold their holdings to taks profits. Ths wsightsd indsx rose 69.54 points, or 0.69 per cent, to end st 10,161.99 sgainst Thursdsy's 10,092.45 closs. Turnovsr ross to NT5150.57 billion fromReuter - 391 words
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Article87 1989-10-21 10 Reuter SHARE pricee moved erratically and ended mixed yesterday, with gaining stocks rising sharply on heavy institutional buying tor the third day running. The market opened bullish but attracted prof-it-takers on the last day of the current two week account after heavy short- covering in theReuter - 87 words
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WORLD MARKETS
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Article, Illustration862 1989-10-21 11 New York Reuter, AFP WALL STREET »hsre prices closed higher on Thursday, the anniversary of the 506-point plunge two years ago, as investors focused on a positive US economic outlook and prospects for lower interest rates. The Dow Jonee Industrial Average gained 39.56 points toReuter,; AFP - 862 words
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Article, Illustration789 1989-10-21 11 London Reuter SHARES opened moderately lower yeeterday. despite Wall Street's near 40 point gain, as the London market showed disappointment with Thursday's monetary policy speech by Chancellor Nigel Lawson. Mr Lawson repeated his aggressive defence of high interest rates and said that sterling depreciation wasReuter - 789 words
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Article, Illustration717 1989-10-21 11 GOLDSMITH EXPECTED TO CONTINUE TAKEOVER BATTLE NYT SHAREHOLDERS OF BAT Induetriee pic have overwhelmingly approved the company plan to sell tome US$6 trillion worth of operations, including its Saks and Marshall Field department store chains, and to buy hack asNYT - 717 words
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Article, Illustration260 1989-10-21 11 FT RUPERT MURDOCH, well-known for his complaints about ths service hs oats from marchant bankars, is to put part of his considarabla psrsonal fortuna whars his mouth is. In suitabla pin-stripad attire, tha madia magnata amargad at a City of London launch racanttyFT - 260 words
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Article1490 1989-10-21 11 Reuter BRUSSELS: Belgian shares started generally firm in quiet trading yesterday after Thursday's gains on Wall Street "The market opened a little higher, but things are pretty calm," one dealer said. Retailer Delhaize opened Arm at 5,990 francs. 50 above Thursday's close. Steelmaker Cockerill edged two higherReuter - 1,490 words
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364 1989-10-21 11 AP FOR NOW. British Airway* pic is pulling out of s proposad takeover of UAL Corp, parent of the second-largest airline in the United Btates. a leading US newspaper reported yesterday, quoting the British company's chairman. "I have to go back sndAP - 364 words
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334 1989-10-21 11 NYT INVESTMENT BANKERS postponed on* US$22O million "Junk bond" offering on Thursday, and bankers at another firm sweetened the offer on a US$475 million issue to attract reluctant investors. A banker at Prudential-Bache Capital Funding, the merchant banking affiliate of the securities firm, saidNYT - 334 words
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324 1989-10-21 12 AFP PAKISTANI Prime Miniater Benazir Bhutto aaid yeaterday that her country wanted an arms control dialogue with India to help slash defence spending and prevent nuclear proliferation in South Aaia. Ma Bhutto, who haa led Pakistan back into the Commonwealth told after 17AFP - 324 words
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Article, Illustration531 1989-10-21 12 JOHN THOMAS - By JOHN THOMAS COMMONWEALTH leaders Boded the first phase of their conference here yesterday to go into a weekend recess st Langkawl resort, weighed by the need to continue efforts to find a compromise on some divisive issue® that cropped up531 words
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144 1989-10-21 12 LOH HUI YIN - by LOH HUI YIN MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad is now satisfied with Singapore Prime Minister Lee Kuan Yew's explanation that the use of Singapore facilities by the US military is not permanent a senior official of the Malaysian Foreign Ministry144 words
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Article, Illustration184 1989-10-21 12 THE SITUATION in Hongkong and next month's economic forum of Asia-Pacific countries in Canberra wars among the topics discussed whan ths prima ministers of Singapore and Britain met in Koala Lumpur yaaterday. Mr Lee Kuan Yew and Mrs Margaret Thatcher also talked about the184 words
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550 1989-10-21 12 LOH HUI YIN - By LOH HUI YIN TWO HONGKONG groups which met Commonwealth leaders, including Prime Minister Lee Kuan Yew, here are satisfied that they have put their cause across to the leaders. Yesterday afternoon, the Omelco group met Mr Lee,550 words
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121 1989-10-21 12 SOVIET leaders have accepted an Invitation from Singapore Parliament Speaker Tan Soo Khoon to visit the Republic. According to a Thursday Age nee France Preeae report, based on information from the otticial Soviet news agency 1)88, the invitation was extended to Soviet officials121 words
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309 1989-10-21 12 AP AFTER decades of opposition, Myanmar (Burma) has agreed to take part in an international project that will make road travel between Europe and South-east Asia a reality. A joint press release in Yangoon yesterday said that Myanmar had recently decided toAP - 309 words
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268 1989-10-21 12 NYT US OFFICIALS are prepared to negotiate sn entirely new military bases agreement with the Philippine government that will acknowledge increasing Philippine concerns about sovereignty, according to a Western diplomat in Manila. The agreement is expected to include joint-use arrangements like those commonNYT - 268 words
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582 1989-10-21 12 Reuter ASIAN INVESTORS still see property on the weet coast of the United Statee as a great chance for profits, In spits of the San Francisco earthquake. "It Is hard to Imagine a sharp decline in investments becauee of the disaster.Reuter - 582 words
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Article133 1989-10-21 12 Reuter COMEX gold futuree were down allghtty in alow eerty tradee yesterday as the metal looked to the dollar for direction. Tradera said an uneventful eeeaion waa ahead with no economic indicators due out yestsrday. Scattered commiaaion and trade houee activity coaxed gold lower at theReuter - 133 words
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LATE FILE
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Article40 1989-10-21 12 Bernama THE ASIA-PACIFIC VM has an annuel growth rata potantial of 26 par cant in toe field of civil aviation during tha next aavaral yaert. according to statistics on tha induatry raleaaed in Kuela Lumpur yaatorday. BamamaBernama - 40 words
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Article31 1989-10-21 12 Reuter HONGKONG Governor Sir DevM Wilaon said in Loa Angelea that tha British colony hopaa to double tha capedty of Its port by tha year 2000.Reuter - 31 words
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Article51 1989-10-21 12 AFP MALAYSIA and Brazil have reachad an agreement to cooperaie to oevetop Men ar's minaral raaourcas. Tha Malaysian Primary Induatrtaa Minister and the Brazilian Mines and Energy Minister signed a protocol in Kuala Lumpur, paving the way tor privsto investment in mining projects in the twoAFP - 51 words
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Article35 1989-10-21 12 AFP THE TAIWANESE Cabinet hes approved e draft to legaiiee the hiring of foreign workers tor major public construction projects that have been stowed down by a labour shortage. AFPAFP - 35 words
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83 1989-10-21 12 THE FINANCE MINISTRY hss directed the Reglatrar of Compe niea not to accept the word Rafflea" in any company name for registration, if the company is invotvsd in the operation of a hotel, motel or lodging house. The new rule, acoording to the Government took effect83 words
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Page 7 Advertisements
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Advertisement301 1989-10-21 7 "\V KAMUNTING CORPORATION BERHAD (Incorporated in Malaysia) ANNOUNCEMENT To: The Shareholders, On the 13th June, 1989, the Company has entered into Sale and Purchase Agreement with Koperatif Serbaguna Malaysia Berhad ("KSM") (Receivers Appointed) to acquire the entire assets of KSM for a total consideration of M 5592 million (referred to301 words
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Advertisement436 1989-10-21 7 '^Vn.n i ■DEBlffliffiiißllffll&DSEß LOST SHARE CERTIFICATES The following share certificates have been reported lost or destroyed: KHONG GUAM HOLDINGS MALAYSIA BERHAD Cert. Hoe. In the name of No. of Sharee IT ***** Lim Keng Hock 1 1.000 INTER-PACIFIC INDUSTRIAL GROUP BERHAD G *****/541 Oversea-Chinese 458 x 1,000 Bank Noms Re436 words
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Page 7 Miscellaneous
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Miscellaneous22 1989-10-21 7 mrCSFT') byMartell, I'%£SBt2g \%&%2£Z2& /r f 6/vor~&/iP... 7?/£'A//iA/£ 'C&AM&O' af c/p J*//77/, M?r3/ip sr/iU'. 3£ZoAff<? AH&yAfFP /¥£>•? f/wrv4r/6... /i/sr7/ '£X£*u^ysc£r'/ /£>£*, $&z/r/c*U£/y k®! i§t^!22 words
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Page 8 Advertisements
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Advertisement8 1989-10-21 8 Alpine Plessures *p*m<**mntdii*mM** (y|loS3 H<XH Equatorial. Ttl: 7120*318 words
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Page 9 Advertisements
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Advertisement9 1989-10-21 9 I A Sichuan Culinary Heritage I at Golden Phoenix9 words
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Page 10 Advertisements
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Advertisement114 1989-10-21 10 as i FOR WHO, WHAT, WHERE AND WHEN ■H mmm advertising marketing, in ||m| lUk BUSINESS TIMES every Thursday, covers 111 a vital sector of the economy comprising the country's communications muscle. lUI CM lm The page monitors business developments ■WI mm m lllli I I and the players in114 words
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Page 11 Advertisements
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Advertisement36 1989-10-21 11 [ClMSfflecfs the piace to locate new owner for your trusty wheels. Drlva home the message with a well placed ad In the Vehicles section o# The Straits g »j& Classified Call 737- C-A-T.a 1166 today. 1717-»**l36 words
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Page 11 Miscellaneous
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Miscellaneous60 1989-10-21 11 DOLLAR$ AND NON$EN$E" 1 OREYEL, TATE, &IN(THAM and PHARR. J# V» (r-A frOj \U? t C •Ki'. t r-->:WKs&s?' •:••:*>:<• «S \r' MEM&ERS.NEVJ YORK STOCK EXCHANGE; METROPOLITAN HEALTH a*O RACQUET CLUB THE WALL STREET CJLEE CLUB THE AUTOMOBILE ASSOCIATION OF AMERICA, ALCOHOLICS ANONYMOUS DRBX6L TATE), THE TOBACCO INSTITUTE (ALL EXCEPT60 words
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Page 12 Advertisements
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Advertisement108 1989-10-21 12 —r 51 yv /tr I fr" <-»-fj BT Special I I The Property Supplement. I For the third year running Business Times surveys the B property market. We ask analysts, consultants and B government agencies what they think is in store f or investors. B We take another look at108 words
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Executive Lifestyle
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HORROR-SCOPES
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Article, Illustration65 1989-10-21 13 JAIME LYE - Your neighbourhood palm reader has gone to Hawaii on vacation. That woman who reads tea leaves so well has suddenly switched to jiggling Lipton bags. Fortune-telling isn't what it used to be, but take heart. Let self-styled swami JAIME LYE tell you what to do with your future, and what65 words
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Article, Illustration885 1989-10-21 13 QUAK HIANG WHAI - *£#< v v**s wlth QUAK HIANG WHAI EVERYTHING they say about Hongkong is true. The crowded streets, Suzie Wong movies, the faceless Chow Yuen Fatts, the rich, the poor and the rude they all leap out at you the moment you take in885 words
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Commentary
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Article, Illustration872 1989-10-21 14 ASAD LATIF - ASAD LATIF IT IS VERY DIFFICULT to say anything bad about Mother Tare- < sa. It la avan mora difficult to say anything good and original I bacauaa it haa all been said be- I fore. But the clichea came to life i for872 words
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Article, Illustration1405 1989-10-21 14 TYE KIM KHIAT - TYE KIM KHIAT THE MEEK shall inherit the earth, says the Bible. And Christians shell inherit Singapore, as empirical evidence so far would have us believe. It not, they should at least hold sway in many spheres of public life. Even now,1,405 words
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138 1989-10-21 14 E SUKUMAR - letters to Hie Editor E SUKUMAR Director University Llelson Offlc® Dear Sir, I refer to the letter "Let some LKY Distinguished Visitor* be luminaries of culture and the arts" by Mr Ken Sunn (BT. Oct 14-15). The appointment of Lee Kuan Yew Distinguished138 words
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Article68 1989-10-21 14 D W DISTANT - D W DISTANT Dear Sir, I believe Rothschild (Singapore) should be complimented on their prompt publication of the reeults of the recent loan stock with tsr rights issue by Caueeway Investment Ltd. In fact the announcement was dons the day following the close of the rights68 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration527 1989-10-21 15 TMe: Dont Bend Over In the Garden, Granny. You Know Them Talace Qot Eyes Autt»r Lewis Qrtoard Publisher VHtard Books, 246 pagee. $32.50 Reviewed by JAIME LYE LEWIS GRIZZARD is a man of titles. Good titles. He comes up with527 words
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Article610 1989-10-21 15 KHOO HOW SAN - LANGUAGE By KHOO HOW SAN IT SEEMS THAT in the colonial late 50b. the British governor of Singapore used to throw a ball every year at the Government House (now the Istsna), to mark the king or queen's birthday to which leading VIPs, both local and expatriate,610 words
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Article329 1989-10-21 15 SOME PEOPLE can find the most exotic excuses to avoid speaking to journalists. One BT staffer received this classic reply: "Can you call me back in about an hour-and-a-haif? I'm playing mahjong with my friends." ON THE application form for a Visa card from one bank,329 words
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Article, Illustration551 1989-10-21 15 SAMUEL EE - BOOKS By SAMUEL EE COMING TO terms with what happened in Tiananmen Square isn't easy. Especially when you were there. Four months later, the shock still remains for Ms Sandra Burton. An sditor of Time magazine, she retivee her experiences of the Chineee government's crackdown551 words
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Executive Lifestyle: Pursuits
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Article, Illustration769 1989-10-21 16 N K YONG - Krug the Rolls-Royce of champagnes z Wzne By N K YONG ONE OF THE MOST instructive and interesting wine experiencee I have had wss in the tasting room-labora-tory of Krug in Rheime. After the customary and traditionsi tour of the ceiisrs we were shown into this room, severely clintcel in769 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration392 1989-10-21 17 JAIME LYE - FOOD By JAIME LYE THE LAST TIME I had waffles. they came out of a toastpr. Coated with jam and something pasting off as mapie syrup from a plastic container (it could have been gula melaka for all I knew), it was merely sugared392 words
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Article211 1989-10-21 17 Samuel Ee - -by Samuel Ee PLACE A RED-AND-WHITE checked cloth on the table and you could make a I moat anyone believe you were born in Florence and your father ran a pizzeria. Place a sarong on the table in Cafe Palm at the Plaza Hotel and211 words
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Article, Illustration967 1989-10-21 17 RICHARD SEAH - HEALTH By RICHARD SEAH The miter is editor of The Qood Life, a health megezine. The views expressed in this column ere personal. HEART PATIENTS must have had a nasty shock recently when a report said new studies suggest that diuretics might actually cause heart967 words
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Article, Illustration1260 1989-10-21 17 JUANITA SHAKILA - uofnptrwo oy JUANITA SHAKILA STAGE PERFORMANCES: Hla Soonda. Prize winning choir, from the University of Philippines performs on Oct 23 at the DBS Auditorium at 12.45pm. Formed by a group of 16 in 1971, it used to call itself the State Varsity Fellowship Singing Group until its size grew1,260 words
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Executive Lifestyle: Pursuits
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Article, Illustration1162 1989-10-21 18 DICK LEE - FASHION By DICK LEE MY FASHION memories began in 1966, when, as a wide-eyed innocent, I was dragged along to elegant tea shows at the Prince's Hotel Garni. There, my senses were assaulted by enough long limbs and swan necks to make my childish world1,162 words
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Article, Illustration131 1989-10-21 18 Uptown downtown: what's on, who's in and where HAUTE COUTURE'S enfant terrible. Christian Lacroix will try and upstagtf the rest when Hagemeyer (which markets the other Christian Dior) opens a boutique next year. The fashionable and the rich (the two at times being mutually exclusive) will have131 words
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Article, Illustration528 1989-10-21 18 FASHION SOCIETY SODA stirs again with its second Fashion Connections Singapore, platform for a host of local and international fashion events. The week of Oct 27 begins with the Asean Designers Show, featuring three designers each from Thailand, Malaysia, Indonesia, the Philippines and Singapore, showing their collectionsSumi and Clark Styling by Azian Ideriyan of Runway Productions - 528 words
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Article84 1989-10-21 18 Foreground: CLUB 21 adds another to its stable of labels with the opening of the Max Mara boutique in Forum Galleria this month. Founded by lawyer Achille Maramotti in 1951, this Italian name has grown considerably to include 14 different ready-to-wear collections for men and84 words
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Article, Illustration30 1989-10-21 18 Background: Egypt is the main source of inspiration for Cartier's new jewellery collection. An exhibition of the collection was held at the Hilton Gallery from Oct 12-19.30 words
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Article, Illustration68 1989-10-21 18 Company is a leading name for sportswear from Italy. available in its new boutique within Tangs Studio. Function h and form are the V key words that M designer Massimo 1 Osti firmly believes in. So while the details are minimal, the look is still identifiable68 words
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Article129 1989-10-21 18 THE SPANISH LOOK has been around since the start of the decade but it s only now that Singapore is fully receptive to such designs. The first two labels to arrive are Purification Garcia and Sybilla Sorondo both reflecting an easy, minimalist style. r 't' ca129 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration899 1989-10-21 19 CREEDENCE CLEARWATER REVIVAL BAYOU COUNTRY QREEN RIVER WILLY AND THE POOR BOYB COSMO'S FACTORY PENDULUM MARCH QRAS LONG AFTER the ashes of Haight-Ash-bury had been scattered and just before the advent of punk, one American group dominated radio airplay and record sales. Creedenca Clearwater899 words
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Article, Illustration384 1989-10-21 19 SUZANNE SOH - FASHION By SUZANNE SOH SHIVANI makes clothes for the wearer, not just for the style. They're tailored to suit various climates, and even the colours are chosen to enhance the skin complexion of different nationalities. In other words, the line is exclusively384 words
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SHORT TAKES
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Article138 1989-10-21 19 HEALTH NUTS can look forward to mora sharing and airing of their health concerns. Because coma Nov 4. there'll be symposium on "Nutrition and Our Changing Lifestyle". To be held at the World Trade Centre, it will be a day-long symposium wtth various seeeione, for example, on138 words
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Article, Illustration128 1989-10-21 19 WANT to see the world's smallest video camera? Or service your SLR? Then hop along to Photo Fair '88 at the World Trade Centre. At Its official opening last Wednesday, there were top hats, tails and tights, all dancing to the rhythm of "There's No Business Like Show128 words
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Article140 1989-10-21 19 IT MIGHT still be two months to Christmas but it's still not too early to give. If you want to share with the lees fortunate this festive season, you can have your name inscribed on a giant gingerbread house. For a donation of 15 You see,140 words
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Executive Lifestyle: Personal Investment
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Article, Illustration489 1989-10-21 20 STOCK MARKETS NYT SOME MONEY managers and analysts are reading the same tea leaves as their more hopeful colleagues but divining a decidedly different message: The stock market is unstable and will head down. These doomsayers argue that the plunge is notNYT - 489 words
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Article, Illustration1024 1989-10-21 20 PAULINE GOH - PROPERTY PROSPECTS By PAULINE GOH Ms Got) director, commmrdal mgmncy, Richard Elll* PH Ltd The government has recently announced the policy to decentralise commercial activities in the city to reduce congestion and to revitalise the area by encouraging more housing, schools and other facilities. What are1,024 words
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Article, Illustration961 1989-10-21 20 ANDREA BORCH - INVESTMENT By ANDREA BORCH IF YOU'RE THE KINO who counts the number of shopping days until Christmas, maybe the fact that only 10 weeks remain until the end of this decade will catch your eye. The international editions of Fortune and Business Week certainly hope961 words
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548 1989-10-21 20 GETTING involved in the stockmarket is like planning a day out on the beech. It is helpful to know the tides before taking the plunge. Similarly, it would pay the investor to find out if the market tide is high or low. BT does548 words
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Article, Illustration413 1989-10-21 20 CHARTING The Economist ASK AN ACADEMIC economist for an opinion on chartists and the reaction will fall in a range between indifference and contempt. Economists prefer "fundamentals" to the entrails of charts. To judge where the dollar will be in six months' time,The Economist - 413 words
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Don't quote me...
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Article111 1989-10-21 21 "THE timing couldn't be better", says Fortune proudly about the annuel Investor's Guide which it launches in its latest issue. The magazine says one of its editors assembled and directed a crew of more than 40 for the guide, which provides "a treasury of111 words
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Article103 1989-10-21 21 FORTUNE is not the only one with bad timing. In Singapore, DBS Securities was hit by a double dose. Last Thursday and Friday, it held a grand investment seminar for a large number of foreign fund managers at which glowing accounts were given about Singapore103 words
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Article89 1989-10-21 21 SPEAKING of falling prices and stock market crashes, remember that wonderful line uttered by First Deputy Prime Minister Goh Chok Tong on Oct 18, 1987. the day after the crash that almost pulled down the world financial markets. When asked about the impact of89 words
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Article110 1989-10-21 21 IT IS NOT usually an honour for a business person to be singled out for special mention by the Commercial Affairs Department (CAD). Indeed, the less attention this white-collar crime-busting unit pays the better. But there was no reason at all for corporate mover and shaker Ong110 words
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Article808 1989-10-21 21 AMY BALAN - OUTLOOK By AMY BALAN IT WAS A PITY that Wall Street did not plunge further on Monday after Frightening Friday the 13th. That would have set stock prices on s lower but firmer footing, dispelled doomsday fears of a bear market and perhaps started808 words
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Article1106 1989-10-21 21 LORETTA McLAUGHLAN - mm wm b* LORETTA McLAUGHLAN WHETHER YOU ARE licking your wounds or celebrating the opportunities offered by s volatile market, this week's wild oscillations in share prices have changed the whole stock market picture. Until Monday, Singaporelisted squities had been trading within a 40-point band for1,106 words
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Article, Illustration371 1989-10-21 21 C DOW - CHART POINT By C DOW Mr Dow is an investment manager with a major publiclylisted company. SINCE October 1967, many gurus, especially chartists, have been giving warning signals that a major top of the stock markets is round the corner. This possibility looms larger371 words
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Article500 1989-10-21 21 Conversion forms Premium/ Amount Pricsa (aa at 20.10.89) (discount) Expiry Optional** Company un4U wrta Share Lnatk Ln atk Cash Cash 1 Ln atk» G artn 8* J,' pricw nom Data mt s value laft 8 CKTang 16.9 2.940 5.300 1 00 2.25 -2 1.80 31 5500 words
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1087 1989-10-21 21 AMY BALAN - f AMY BALAN BEFORE WE TRY to chart a path through the landmine of stockpicking, it might be wise to survey the extent of the week's damage. Badly mauled on Monday were warrants and Malaysian speculativee and second-liners. Of the top 201,087 words
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Executive Lifestyle: Sports
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Article, Illustration408 1989-10-21 22 GOLF AFP TIM SIMPSON shot a five-undar-par 67 in tailing temperatures in Lake Buena Vista, Florida, on Thursday to snatch a two-shot lead at the hallway stage of the US$BOO,OOO Walt Disneyworld Classic. Simpson, who began the day four shots behind BobAFP - 408 words
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Article, Illustration270 1989-10-21 22 TENNIS AFP CARL-UWE STEEB of Waat Germany blasted his way into tha sami-finala of tha U*****,500 Seiko Super man's tennis tournament in Japan yeeterday with a straight-sets victory over American Rick Leach. Tha fifth-eeeded West German, who helped his country to victory in theAFP - 270 words
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526 1989-10-21 22 AP THE INTERNATIONAL Tennis Federation announced on Thursday a US$6 million men's event which It said would be the richest tennis tournament in the world end would help develop the sport In poorer nations. Ths winner of the sessonending, eight-man Grand Slam CupAP - 526 words
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148 1989-10-21 22 AP AUSTRIA'S Thomas Muster led the field going into the quarterfinals of the U*****,000 Nabisco Grsnd Prix Tennis Tournsmsnt on Thursday. But Muster's countryman, defending champion Horst Skoff, wss ousted 8-2, 8-4 by unseeded Americsn Glenn Lsysndecker. The young American, who is rsnkedAP - 148 words
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Article124 1989-10-21 22 AFP JIMMY CONNORS stsysd on course for a second tournament triumph in eight dsys but hsd to battle for mors than two hours to rssch ths ssmi-finsls of ths men's Grsnd Prix tournament in Tel Aviv on Thursday. Connors, 37, did not have it allAFP - 124 words
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Article, Illustration213 1989-10-21 22 MOTOR-RACING AFP NIGEL MANSELL aims to ailence the samba drums in Japan tomorrow by wracking Ayrton Senna's world championship ambitions. Tha British drivar, banned from laat month's Spaniah Grand Prix, has settled his differencea with motor-racing'a governing body but is mora datarmined thanAFP - 213 words
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Article, Illustration520 1989-10-21 22 on TMCK With JEROME FANDOR TRAINER Teh Choon Bang's tilt at hi* racord of 107 winners in a championship saaaon has spluttarad in rscant waaks and all but ground to a halt Evan Batman failad to dalivar in tha Quaan Elizabath II Commonwealth Cup.520 words
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Article, Illustration389 1989-10-21 22 BOXING AP TRIPLE world boxing champion Jeff Fenech can feel his deeire flooding back. F«nech, who quit the ring after successfully defending his World Boxing Council featherweight title with a unanimous points decision over Mexican Marcos Villasana In April, is set to make a comebackAP - 389 words
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109 1989-10-21 22 AP MIKE TYSON Mt down on a chair in the middle of the patched-up ring at Panthar Gym in Edmonton on Thuraday aa swaat poured down hia forehead. "We've been travelling a lot and the climate change has left me a littleAP - 109 words
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211 1989-10-21 22 AMERICA'S CUP AP THE MERCURY BAY Boating Club formally requested permission on Thursday to appeal last month's New York Supreme Court sppellets ruling that awarded the America's Cup to the San Diego Yacht Club. New Zealand held the Cup from March until September, afterAP - 211 words
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Executive Jobs
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417 1989-10-21 23 TAN KEE WEE - By TAN KEE WEE NOT MANY managers are aware of this. But the way they treat their subordinates will determine whether the subordinate's performance and development is at a superior level, or st an inferior IVVOV. And how managers treat their subordinates is subtly417 words
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Article, Illustration1134 1989-10-21 23 SHOEB KAGDA - If your organisation retains the sen/ices of a human resource consultancy, what is the bottomline for you? SHOEB KAGDA reports. SHOEB KAGDA THE MAN. not his machine. Is in vogue sgain in the corporate world. After a decade in which computerisation was seen as1,134 words
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Article, Illustration265 1989-10-21 23 THAM CHONG KONG of Cerebos Pacific Limited will be appointed to the bosrd of dirsctors from next month. He is currently its treasurer. Next March, he will assume the position of finsncs director ss well ss treaaursr. Also promotsd is LESUE MAH, who will become compsny secretary265 words
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375 1989-10-21 23 IT IS NOT TRUE that the construction industry la a sunset industry and that prospecta for engineers are bleak in the next century. For the latest Manpower Survey by the Construction Industry Development Board (CIDB) seems to indicate otherwise. In fact, the 1960375 words
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Article, Illustration762 1989-10-21 23 MARTIN SOONG - fj U By MARTIN SOONG By MARTIN SOONG LOOKS can be deceiving. Take Llm Cheng Kim, for example. Demure and decidedly attractive, Miea Urn haa the demeanour that would bring out the protective. fatherly inetinct in all but the hardeet men. Sit down762 words
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Page 13 Advertisements
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Advertisement6 1989-10-21 13 Straws In th« Wind, Pag* Thrt*6 words
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Advertisement123 1989-10-21 13 222 5544 222 8844 Hong Leong Finance Singepoia Finance tofmm*. mom g oisy w cww IT IS A MOMENT OF TRIUMPH. OF MAD COMRADERY. OF CULMINATION. A MOMENT YOUVE SACRIFICED FOR. OMEGA. FOR ALL YOUR SIGNIFICANT MOMENTS YWk W 1 |J I I y M Mf M OMEGA ALWAYS MARKS123 words
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Page 14 Advertisements
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Advertisement14 1989-10-21 14 MusiSQm MARK LAST EQQdSI B R O OQSO Available now on Cassette and CD14 words
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Advertisement139 1989-10-21 14 ®T VII welcomes letters from Its readers, I Letters must Include the author's nsme,sddress and home and office telephone numbers. BT reserves the right to edtt letters lor purposes of dertty end specs. Please sddress letters to: The Edhor, Buslnsss Times, Times House, 380 Klin Seng Road, Singapore 0023 or139 words
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Page 15 Advertisements
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Advertisement63 1989-10-21 15 'iki'Msßi-- jgs T,Jw «MftV" 4 mf- t 'Infer, I fll mh 11/1N M I A t I K LONDON IfeS |g BHBBMfiMMi £%k2m' ma* I ENGLAND ll fKSi -M wtf\ ■'■Sc^-^yTftjß I 1 jIJ l I OUTBID IN LONDON. 1 -^QS9 I ALEXANDER GORDON COMPANY c -> U **«»rr#o tM63 words
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Page 16 Advertisements
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Advertisement989 1989-10-21 16 fWfcrrtoetfafafci... Whereto entertain... Wfme to entertain... Whereto nuimees sl.afc I aStocO^ntSmTT" TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DtSHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOO EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT989 words
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Advertisement272 1989-10-21 16 VI This month, you can taste JRW delectable Sichuan dishes in lIIU a sumptuous lunch buffet. lES®"S There's a choice of over 35 isth floor f avour ites so deliriously spicy youll keep coming back to the Pine Court for more. Sichuan Lunch Buffet 1-31 October 1989 12 noon-2.30 pm272 words
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Page 17 Advertisements
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Advertisement184 1989-10-21 17 entertain. I t I I puberties (6rill B < I I Eveey Sunday I I Theme's A I i Family Feast 11 i In The Park. I At the Hubertiu Grill, Sunday brunch is a great II outingfor thefamily. A glorious buffet spread it laid II out for both grown184 words
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Page 17 Miscellaneous
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Miscellaneous733 1989-10-21 17 1 CRYPTIC PUZZLE 3) 3 Greet shame (8) irnn e<> 7 Prompts again and one 4 Officially uncover (6) objects to that (7) 5 Unnecessary (8) 9lt means you mustn't a Covering the two house Red wine (10) clown about. Really! (2. es over (6) 7 gent over (7) 11733 words
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Page 19 Advertisements
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Advertisement63 1989-10-21 19 i I r i j .v. BIRTH OF A NEW CLASSIC /J 7 i A ifcJ JA, a flfcflrAM -mm m Wmf\n^^^B a mm^ %«v. .-1 v^^SSSife-* J fB Jr lflßßttH*^*lli^^^^^H^' J&tWWm. A'' >i^VP|^9i^K^^BH£ WM m Jnff%Al k C^m^Y .v V IDEAS FROM MASSIMO OSTI C.P. COMPANY BOUTIQUE TANGS STUDIO63 words
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Page 22 Miscellaneous
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Miscellaneous1287 1989-10-21 22 CA XI IBr\ A V SSC Highlights Radio 5 Highlights OA IU K L/A T Sunday, Oct 22nd, 9.01 am Monday, Oct 23rd, 9pm W1 Principia Scriptoriae The World of Books BBC Richard Powerful and at times dis- Tsjtsj Danflareml) g a> a young new writer VHF Bart srs jaw:1,287 words
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Page 23 Advertisements
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Advertisement125 1989-10-21 23 DHL IN THE NEWS Advertisement nui tn nloii Con to The "Santa Pack" promotion, UnL lU piety Ocaliux launched on October 20 to beat the /^u lf rL B r J Christmas rush, will run until December 31 unrisimas 18, enabling customers to send gifts to any of DHLs 175125 words
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Advertisement441 1989-10-21 23 executive jmumram Rsfftss kwluMon is going indspsndsnt in 1880. Ths school is looking tor s professional menegerto taks on a new challenge as BURSAR Ths School \y Raffles Institution, founded in 1823 by Thomas Stamford Rafflss is guktod by s trsditton of axceiience. As It prepares to enter s new441 words
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Page 23 Miscellaneous
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Miscellaneous31 1989-10-21 23 >:.Lk.JBMJß!lt!Blißi /Nou hrv&m 't Logic I'm R Rnymr, in p> Piftn moor>H ft l 1 F*T CHe:s T e:P-f£fteys -rnDPVN/ —>/OU WNK I SMoutD I«MM ITMWN ea LTD, IMI-1M V\cV»— 0O»B31 words
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Page 24 Advertisements
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Advertisement30 1989-10-21 24 m DANNIMAC Of* I ONI" >N *1 KJ- 4* U m +m V* *<>>; t V >"'•.■ v,jt> •_•"-*y-,'., fc• /jv••** w V iii.jrjjft?*' V 1•« />$ DANNIMAC iiT^rrv' H< OK J4 MNdHolw>teUU>30 words
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Page 24 Miscellaneous
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Miscellaneous632 1989-10-21 24 Lonesome Dove, Today, 9.30pm, SBC 5 The final episode of this cowboy mini-aorioa which has inexplicably gained quite a following here. While on the cattle drive to Montana, McCrae takes some time off to chase a few buffalos. Only to get attacked and mortally wounded by Comanche Indians. After vicariously632 words
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Miscellaneous1729 1989-10-21 24 a gapy« A captures V ATI lUn AY ■C: CMinm; T: Tamil; M experiences of Indian wA I UKL/n T m* r. 1005 ■^JLt.^STIE «n/i ■<% 11.45 cue from "Shelly Winters" V V Programme secre t ly secures a date 12.3S PM Opemng followed by Beyond 2000 Programme Htghhghts (Sw1,729 words
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Miscellaneous211 1989-10-21 24 Day by Today. B.oopm. SBC 6 Insipid m it may be, this American tit-corn doe* try its beet Tonight. Roes end Allison find thst their relationship is caueing Ross' friends to gripe about his decreasing attendance at their beahes. To be the epitome of the understanding girlfriend. Allison finds out211 words
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