The Business Times, 25 November 1989

Microfilm: NL16865
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, November 25-26 1989 75 CENTS
    12 words
  • Article
    S'pore promotes itself as one-stop market to Soviets
    481 1  -  By JEFFREY TSANG SINGAPORE'# trade delegation to the Soviet Union to suggesting to the Soviets that they use the Republic as a one-stop shopping and distributing centre. In particular, Soviet foreign trade organisations will be alerted to the advantages of Singapore as
    481 words
  • Article, Illustration
    Total CPF contributions to be raised to 40pc in July
    601 1  -  PUBLIC SECTOR TO PAY 2.42-MONTH BONUS By ANNA TEO WITH a projected growth of 9-0.5 per cent this year, the government will proceed to raise total Central Provident Fund contributions to the long-term 40 per cent next July, announced Trade
    601 words
  • Article
    Lock icon DOW JONES
    39 1 AFP WALL STREET opened higher yesterdsy. with the Dow Jones Industrial Average gaining 4.48 points to 2,881.28 five minutes into the session. On Wedneeday, the Dow closed 17.48 points up. The msrket wss closed on Thursday. AFP
    AFP  -  39 words
  • Article
    Lock icon FOOTSIE
    44 1 AP LONDON share prices were drifting aimlessly and were virtually unchanged at midday yeeterday, aa the market tried in vain to find s clear direction in light volume. At noon (1200 GMT), the FT-SE 100-ehare index waa down 0.2 point at 2.220.3. AP
    AP  -  44 words
  • Article
    Raise operating surplus levy to 20pc: BG Lee
    355 1 THE FIVE PER CENT LEVY that cooperatives pay on their operating surpluses should be raised to about 20 per cent to ensure s steady source of funds tor projects and activities undertaken by the National Tradee Union Congress. But this will mean
    355 words
  • Article
    M Credit turns around, proposes rights issue
    481 1  -  By ROSIE TAN MALAYAN CREDIT Ltd. the property group in which Ong Beng Seng has been amassing shares, has returned to the black and is capitalising on its turnaround by proposing a rights issue of new shares to raise up to $92 million.
    481 words
  • Article, Illustration
    Sydney bucks firmer trend on regional markets
    234 1 SHARE PRICES on most regional •lock markets roee yesterday,. In Tokyo, share pricee roee to yet another record doee on buying by foreign arbitrageurs. The Nikkei Index ended 197.56 points higher at 36,484.47 alter hitting a record traded high of 36,486.43. The index
    234 words
  • Article
    FINANCIAL NEWS SUMMARY
    145 1 May ST fcidwliluh Index 13*5.27 (+732) IT Tumi n*i hulsn 1237.47 (+4j06) NST Industrial Max 2546XXX+13.16) HK Hang Sang Index 280&53 774 Tokyo NMcel Average ******47 (+197.55) Ti i ifa i i OjKMmj MIKVTOinOriWS ***** (-154) Thundoy Now York (Dow Jonos) Ooiod London (FT 30 Mex) 1754.K+19.7)
    145 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      303 1 Nikon Ths Wbrtd's Finest Fhotogmphtc System. I I Acm Flying Page On© jj^ W ft A tale of two SLJn@Hfi|A fantasies Page Six V No clean sweep for ex-Mr Clean this time Page Two Sail the Med and pour out the bubbly Page Three M wBB® Taittinger: the way the
      303 words
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      Page 1 Advertisements Column 2
      186 1 Nikon Fuß report PAGE Rogtaaol Mite, PAGE 10 m World Mkta, PAGE 11 v There Are Those Who Recognise Hie Crafl Of Gerald Genla. And There Are Those Who Can Also Afford 11. The watchmaking genius of Gerald Gents is encssed in every timepiece he designs. Each is a treasure.
      186 words
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  • HOME NEWS
    • Article
      More men marrying women with equal or higher qualifications
      432 2  -  Number of 30 to 44-year-old single women continues to escalate By LILIAN ANG MORE tertiary-educated men are marrying women with equal or higher educational qualifications. Latest statistics from the Ministry of Health's Population Planning Unit show that the percentage of such
      432 words
    • Article
      BG Lee to lead delegation to Asean economic meeting
      212 2 TRADE and Industry Minister Brigadier General (Res) Lee Hsien Loong will lead the Singapore delegation to the 21st Asean Economic Ministers Meeting to be held in Bandar Seri Begawan from Nov 30 to Dec 1. Also in the delegation are Mr
      212 words
    • Article
      Skills Development Fund awards $52,000 to 8 finance houses
      314 2 GRANTS totalling some $52,000 for the creation of 153 training places have been awarded by the Skills Development Fund (SDF) to eight finance houses. This was announced yesterday by Mr Heng Chiang Meng, a Member of Parliament for Cheng San QRC,
      314 words
    • Article
      AT&T picks three companies as its most outstanding vendors this year
      240 2 US TELECOMMUNICATIONS giant AT&T has picked Sei Woo Rubber Works, National Semiconductor Asia Pacific, and Singapore KCK as its three most outstanding vendors this year. An AT&T statement yesterday said the three companies were awarded the honour at the
      240 words
    • Article
      NPB unveils scheme to help SMEs qualify for loans
      330 2 A STEPPING STONE has been laid to help entrepreneurs qualify for the loans or equity financing they need. The National Productivity Board yesterday unveiled a scheme, making it easier for small and medium-eized enterprises (SMEs) to avail themselves of management consultancy,
      330 words
    • Article
      Concrete durability identified by construction council for more research
      205 2 CONCRETE DURABILITY is one of the key areea identified for further research by the National Council for Construction Research and Development, said a senior official of the Construction Industry Development Board. Mr Quak Ser Khoon, director of its technology development division,
      205 words
    • Article, Illustration
      SBS productivity drive reaps $4.5m savings
      310 2 SINGAPORE BUS Service's (SBS) efforts since 1982 to increase its productivity has led to savings of some $4.5 million. Its drive to provide a reliable, safe and comfortable service has also been successful. As a result, the customer complaint rate has been driven down
      310 words
    • Article
      Science Park's population up by over 40pc
      160 2 THE POPULATION at the Singapore Science Park grew by over 40 per cent over the last year to some 2.200 scientists, engineers, managers, and support personnel. According to the latest Science Council annual report, technical research and development staff made up about 39
      160 words
    • Article
      Employers, govt officials urged to strengthen tripartite relationship
      483 2  -  By ANNA TEO TRADE UNION chief Ong Teng Cheong yesterday urged employers and government officials to play their part to strengthen the tripartite relationship. Employers who are unfamiliar with the ground rules continue to view unions with distaste, hinder their growth, or
      483 words
    • Article
      SMA seeks to penetrate foreign markets with overseas exhibitions
      334 2 AS PART OF its strategy to put Singapore products firmly on the international map, the Singapore Manufacturers' Association (SMA) intends to organise exhibitions overseas, something it is venturing into. "We are exploring the possibility of staging exhibitiona in potential markets, such
      334 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      218 2 y #02-03 Orchard Shopping Centre Tel: *****95 ju K Open Daily lu.3oam to 9.30pm n n S NOWjl f CADDYMATIC 1 M 1 1 LUCKY DRAW ELECTRIC TROLLEY 11 ml ends CONVENIENT SPEEDY SET-UP kl M NOV 30,1989 PLUS RELIABILITY M 11 *Take advantage even in wet weather when I
      218 words
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      Page 2 Advertisements Column 2
      25 2 lo Clothe 111 Shlc Willi (hiiilih LEIGHTON S SHOP PTK LTD Ism'. /,//<• \lriill" B SIM.VPORK 101 KISIS K|\(. M'ORI VMI K PROMOTION HOARD TVIIOKS VSSOCIWION
      25 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      186 2 Qlobsl temperstures snd westher forecsst City Mnf No*S OUTLOOK: Stow HI,, ow wwnl inn In Kaport for 24 hours prior Abordoon 04/01 Chtty *o 7Jopm <m No* 24 at Amsterdam 06/0! Sunny < *P W •> Alhons 21/14 Windy Auckland 21/14 Wtedy AombtiumlllUr jj Bangkok 30/21 Fair SJTSm Mhtg 07/4)3
      186 words
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  • FOREIGN NEWS
    • Article
      Lock icon Reforms boosting East-West trade growth
      507 3 AP ECONOMIC and political reforms in the Soviet bloc have helped boost EaatWeet trade this year and sat ths scans for mora Interne economic Integration in Europe, according to a UN report But the report releaaed on Thursday, warned that structural probleme and uncompetitive industriss
      AP  -  507 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1127 3 Oporoto ARRIVALS r Sorvtao Local From CM. MAS SA ASHK Stt Ma UAL UAL CAL OA471 MH623 SQ91 AHKS31 soon MH601 UA805 UA97 0333 Am 0015 0035 0050 0110 0115 0120 0130 0130 0315 ATH Km ssr LAX/Mrr KUL SPP/HKG/MCK LAX/HPT TP* SA MAU MAS SVA KAL
      1,127 words
    • Article
      Lock icon Indian newspapers blast Congress (I) for alleged rigging
      315 3 AFP INDIAN newspapers yesterday accused the ruling party of alleged rigging in Prime Minister Rajiv Gandhi's constituency as the second phase of India's general elections got under way under maximum security. Newspapers lambasted Mr Gandhi's Congress (I) party following reports of widespread
      AFP  -  315 words
    • Article
      Lock icon Gandhi adviser quits
      81 3 NYT PRIME MINISTER Rajiv Gandhi, facing a strong threat to his leadership in general elections this week, received another setback on Thursday with the resignation of his cultural adviser, Pupul Jayakar. Mrs Jayakar, 74, had Joined a group to protest sgsinst the violence end vote-rigging that had
      NYT  -  81 words
    • Article
      Manila raises export target to America to US$7b
      219 3  -  By AL O LABITA THE Philippines has raised from US$2.5 billion to US$7 billion Kb export target to the US by 1992 to make it second to Singapore, currently Aaean's largeat exporter to America. The revlaion was spurred by President Corazon Aquino's
      219 words
    • Article
      Lock icon First two defendants in Recruit bribery trial plead not guilty
      304 3 AFP JAPAN'* biggest corruption trial opened yesterday with former Recruit Cosmo* Co president Mssso Tstsumi snd former deputy labour ministsr Takashi Kato charged with giving and accepting bribes. The two defendsnts. mobbed by hundreds of reporters ss they entered the
      AFP  -  304 words
    • Article
      Lock icon EC body calls for recognition of de facto govt
      332 3 AP IN THE strongest statement made so far by a European Community institution on Cambodia, the European Parliament on Thursday urged the 12 EC states and the US to isolate the Khmer Rouge and recognise the current Cambodian government The 518-member
      AP  -  332 words
    • Article, Illustration
      Lock icon Australia proposes new peace plan for Cambodia
      447 3 AFP AUSTRALIA propoesd yesterday a new p««c« plan for Cambodia calling for a United Nations Interim administration inatead of powsr-sharing among the factions which would include the Khmer Rouge. Foreign Minister Qaretfi Evana told parliament he had discussed the proposal in recent weeks
      AFP  -  447 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      20 3 Doonesbury by garry trudeau MR.\n&PR&P&(itMSURe XXA?/&&M£A& IMN6 WfBUSH AOkiININ HISTVRtOVMee. AHPTHB CFUHdUNGOFVeSOm&i- IMBAN.OTteR. f ,4 If THANURee&CTFEMZ H MX6UST? THB&,
      20 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Warning on delay in British EMS membership
      164 4 Reuter DELAY by Britain in joining the European Monetary System (EMS) could have a serious impact on plans tor integration and poaaibly jeopardise the future of monetary union, Dutch Finance Minister On no Ruding said. "Any decielon to stay out would unfortunately have
      Reuter  -  164 words
    • Article
      Precious Metals
      341 4 HONGKONG: Gold closed higher in hectic Hongkong trade yesterday on buying by Japanese and US traders. This offset some initial selling from local and overaeaa traders, dealers said. "Short-covering and the emergence of new buying ordera further puahed up the ratoe in late trade." a dealer with a
      341 words
    • Article
      Money markets
      53 4 THE overnight rate on the Singapore money market waa unchanged at 5-11/16 yeaterday. Short-term rates were also unchanged. S$ Interbank rates at Itw dose yesterday: am ho Ovw«<9fc» S 11/16 5 9/16 5 9/16 S 7/16 2-mo*k S 9/16 5 7/14 3—» 5 9/16 5 7/16 OwwiIqM mod*
      53 words
    • Article
      Government securities market
      105 4 Treasury bills Period Issue Yesterday's closing Day'* code Maturity MO OFFEK HK5H LOW 3 months BQ*****Z 22.02.90 435 4J0 6 months BS*****V 18.01.90 4J5 1 yMr BY*****Z 18.10.90 Government notes and bonds Poriod Issuo Maturity Coupon Yesterday's dosing Day's code rate MD om HKJM low 2 yoars
      105 words
    • Article, Illustration
      World interest rates
      189 4 •IwdkalM i» wingi a» Km prim* landing rata* of 12 major banka In S'para Interbank market rates (offer/bid) on Nov 24 US$ DM SWFC Y«n 7 dart 3/1* 3/1* IS 14 7/4 7 t/14 7/14 7 1/1-7 4 7/14 3/14 1 mm 4 3/14 3/14 13 1/14
      189 words
    • Article
      Forex markets
      958 4 Reuter SMGAPORE: The US dollar yeeterday cloaed lower in Singapore on Jepaneee celling Intereat and expectation of easier US credit dealers said. "The mark reeumed its climb against the yen and aterling aa players were selling dollar/mark and buying dollar/yen and dollar/sterling in croaa trading," a Jepaneee dealer
      958 words
    • Article
      Options
      142 4 INTEREST RATE OPTIONS Friday Novmbf 24, 1989 EUAOOOtXAJt (MflEX) 0«eMcMM OMHP* MM Lot Ml m Ln Ml •000 1790 —174 9050 125* 111 •100 739 74 I 9123 300 31 I •ISO 371 20 2 •173 10 10 10 0 •200 26A 23 •223 I MA 49 •230 Mr»«MM
      142 words
    • Article
      Asian dollar market
      258 4 ASIAN DOLLAR depoalt ratea yeaterday ended slightly lower In quiet trading mainly due to the decline in London Eurodollar depoait ratea, dealers said. "The market la now looking to next week's release of a batch of US economic flgurea for direction," a dealer said. Weekend, week-fixed, one
      258 words
    • Article
      Lock icon Simex
      520 4 Reuter EURODOLLAR FUTURES yesterday doeed higher in active trade on late commercial buying amid speculation of an easing in US credit policy, dealers said. December roee to 91.70 from Thursday's settlement of 91.74 and March to 92.36 from 92.31. Around 16,410 lots were traded. In Eurodollar options, only 10
      Reuter  -  520 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      74 4 Ji'. < IDEAL FOR PLANNING: FEATURES: Exhibitions, Trips, Projects, Perpetual Good For Year After Year Meetings And Other Events Complete With Accessories Up To 12 Months In Advance Write-On, Wipe-Off Magnetic Surface New Large Scales Size 60 x 90 cm [Mil Ml /Motflex&/Itangiaph Systems (S) Pte.Ltd. KnvS Movitex House 41
      74 words
    • Advertisement
      Page 4 Advertisements Column 2
      115 4 FOR WHO, WHAT, WHERE AND WHEN ■HI TUP ADVERTISING MARKETING, in 111 I til l BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. |VIMIIf II I The page monitors business developments ml m■■ and the players in both international and Singaporean advertising
      115 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon China issues huge new Sloans, but austerity goes on
      428 5 Reuter China's central bank said on Thursday disbursement of major now loans in the last qusrtor signalled no easing of s stringent sustarity programme which is causing raw material stocks to roach record levels ss factories close. The bank announced that
      Reuter; Punch  -  428 words
    • Article
      Lock icon Argentine central bank president quits
      233 5 Reuter ARGENTINE Central Bank President Javier Gonzalez Fraga resigned on Thursday, citing differences over policy with Economy Minister Nestor Rapanelli. President Carlos Menem immediately named Egidio lanella, 88, a two-time former president of the Central Bank during Argentina's past two military regimes, to replace Mr
      Reuter  -  233 words
    • Article
      Lock icon World Bank stops aid to Indonesian firm
      263 5 Bernama THE WORLD BANK, which has been providing financial assistance to state-owned Indonesian housing firm Perum Perumnas since 1977, has decided to stop further assistance beginning this year, president of the firm Suradi Wongsohartono has said. He told a Parliamentary committee meeting on
      Bernama  -  263 words
    • Article
      Lock icon Full NMB, Postbank merger unlikely: union
      556 5 Reuter A FULL LEGAL MERGER is unlikely between Dutch banks Nederlandsche Middenstandsbank NV and the formerly state-owned Postbank NV because they are too different, the largest Dutch trsde union FNV said. The two banks currently operste under s joint holding company, NMB Postbank Groep
      Reuter  -  556 words
    • Article
      Lock icon Westpac client defaults on NZ Futures Exchange
      115 5 AFP A CLIENT of the Westpac Banking Corp yesterday defaulted on the New Zealand Futures Exchange, the second default in s In a brief statement, Weetpac's New Zealand general manager Qeorge Stoppin said Westpac had "entered the futures market on behalf of a
      AFP  -  115 words
    • Article
      Lock icon Forex association says use of points acceptable
      288 5 Reuter THE USE of points to account for differences between banks and brokers when prices are missed in the currency market is acceptable as long as it is regulated properly, the Association Cambists Internationale (ACI) said. Differences arise when a bank dealer misses
      Reuter  -  288 words
    • Article, Illustration
      Lock icon Deutschemark expected to surge against US dollar
      671 5  -  AFTER THE WALL DEVELOPMENTS IN CURRENCY MARKET By HONG LEE TIAM THE WEST GERMAN MARK will surge in value againat the US dollar and other major currenciea, following recent political changee in eaatern Europe aa well aa market talk in the US on
      Source: Telerate  -  671 words
    • Article, Illustration
      Lock icon East Germany takes steps to halt currency smuggling and speculation
      602 5 NYT THE East Qerman government announced a seriee of measures on Thursday that are intended to fight the widespread smuggling and speculation with the country's severely battered currency. The measures, which were to take effect yesterday morning, include more frequent
      NYT  -  602 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      111 5 j ft 3* Ifc IriH Building Materials L Non-Metallic Minerals Wf Equipment Import A Export Corporation i ocai<H|ja«i«*r.:csc BiM«rpr»e(Sm»apore»picu<i Ancient Chinese ArchitectUTC I I Supported b\ lonMruction Industry Development UoanJ Landscapi Singapore Chinese Chamber of Commerce Industry Ministry of Construction. People's Republic of China Technology Exchange China Council for Promotion
      111 words
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  • COMMODITIES
    • Article
      Lock icon Opec expects demand to be lower than actual output
      386 6 AP OPEC predicted on Thursday that demand for the cartel's oil next year would be 21.5 million barrels a day higher than its current production ceiling but lower than its actual output Or Subroto, secretary-general of the 13-nation Organisation of Petroleum
      AP  -  386 words
    • Article
      Lock icon Council extends time limit for ratifying Inra to 1990
      276 6 Bernama THE INTERNATIONAL Natural Rubber Council has extended the time limit for the depoeit of instruments of ratification, acceptance or approval to Dec 31,1990, to enable members who had made provisional applications to ratify the International Natural Rubber Agreement (Inra) 1987.
      Bernama  -  276 words
    • Article
      KL Tin
      222 6 THE KUALA LUMPUR Tin Market (KLTM) price extended Its bearteh trend, cloelng nine sen lower at M 518.17 a kg due to Incrssssd selling and a lower London Metal Exchange (LME), dealsrs said. Turnover rose lo 81 tonnes from Thursday's 40 tonnes. "Sellers are always there but buyers
      222 words
    • Article
      Rubber
      281 6 SINGAPORE: Rubber prices closed easier yesterday, with December 1 RSS buyer quoted at 162.00 cents a kg, down one cent from Thursday's close. Dealers said prices weakened in early afternoon trading following losses in Japanese markets, but recovered towards the close on some preweekend short-covering interest. Trading remained quiet
      281 words
    • Article
      RAS and MRELB
      349 6 RAS prices In S contOcg, FOB In b«iM NOON 4 CLOSE Buyers Seders Buyers Seders tat 1 RSS Prompt ***** 160.50N 159.00 160.00N Int 1 RSS Dec ***** 16X00 162.00 ***** bit 1 RSS Jon 90 166.00 ***** ***** 166.00 Int 2 RSS OP ***** *****N 159.00
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    • Article
      Lock icon Crude Oil and Products
      147 6 Telerate Indications for fuel oil were slightly lower in scattered trade yesterday. Offers for December CSTIBO were pegged at $99-100 mt fob Sing. HSFO futuree traded lower for moet part of the day In light volume. Moet traders kept to the the sidelines, remaining cautious ahead
      Telerate  -  147 words
    • Article
      Palm Oil
      542 6 MALAYSIAN CRUDE PALM OH. FUTURES finished slightly easier on the Kusls Lumpur Commodity Exchange yesterday. The market had opened higher on short-covering activity but turned soft on lack of clear direction following the Chicago Board of Trade cloeure for Thanksgiving day on Thursday. Dealers said prices continued to
      542 words
    • Article
      Produce Prices
      191 6 ChlMM Produce Exchange Soflon' non doting pricat on Nov 24 (S)/100 kg) Coconut oil Bulk FOB 88.00 04d drum FOB 98.00 Now drum FOB 102.00 Copra Mixed (Ioom) 50.00 S#U#T1 Poppor *1 >-L 1.U"W1IW WfWIw FOB NtW 445.00 Sarawak whit* FOB faq NIW 455.00 Sarawak ipadol black FOB
      191 words
    • Article
      London markets
      192 6 London Commodity Exchange Buyer/Seller dosing prices on Nov 23, (£/tonno unlets specified). Previous dosing prices In parenthesis. Coffee Nov 693/700 (690/700) high/Low 703/690 Jon 671/672 (601/682) Hgh/low 683/671 Solos (999) 0* 674/675 686/698 Kgh/Low 683/674 Mor 659/660 666/667 Hgh/low 664/658 Solos (9183) Sugar No 6 FOB (US$/tonne) Ok
      192 words
  • Article
    SHIPS IN PORT
    1725 6 AT CONVENTIONAL WHARVES VmmI Voy No BwftArrtval Pepertwn K(pp«i mama Conopwj 7 3 K19 alongside 25.11/ 0600 Equotor Gron 13/89E K20 alongwde 25.11/ 2359 Grazia 8 K29 olongside 24.11/ 1530 Hrvatsko 4/89 K35 alongs.de 25.11/0500 Koto Beriion 22E/89 K31 alongside 24.11/2300 KotaMulio E-823 K30 olongside 2611/ 1500
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  • COMPANIES & STOCK MARKETS
    • Article
      Lock icon UEM emerging as nucleus of Umno's fast-expanding financial empire
      673 7 Reuter UNITED ENGINEERS (M) Bhd. a once-obscure engineering firm, has emerged from the financial doldrums to become a powerful financial arm of Malaysia's ruling Malay party after securing a controversial, giant highway project. UEM, controlled by the United Malays National Organisation
      Reuter  -  673 words
    • Article
      No listing on exchanges which ban Singapore companies
      388 7 THE STOCK EXCHANGE of Singapore has amended its listing manual to prohibit any Singa-pore-incorporated company from listing on any exchange that prevents its locally-incorporated companies from listing on the SES. The move, which some dealers called a "tit-for-tat action" and "childish", is
      388 words
    • Article
      Nine-fold rise in associates' profits boosts Kumpulan Emas' results
      440 7 DESPITE some setback for Its plantation division, Kumpulan Emas Bhd has achieved improved results for the year ended July 31. 1989, because of higher contributions from associated companies. The group posted a 5.8 per cent increase in profit after tax and
      440 words
    • Article
      Warrants: premiums and gearing
      533 7 Conversion terms Premium/ Amount Prices (at at 24.11.89) (discount) Expiry i#sued Options!" Comp ny (m units) Wrt* I Sh»r. I Ln.tk Ln «tk I C«h Ch' Lnttk' <3.«ring« ratio price D,t> mthi value left I CKTang 16.9 3.120 5.700 1.00 2.25 -6 1.83 31.5.90 7 Causeway
      533 words
    • Article
      IOI set to buy DEB plantations with M$500m package
      514 7  -  Bf P Y CHIN INDUSTRIAL OXYGEN Inc Bhd (IOI) is expected to come out with a financial package close to Mssoo million to buy the plantation assets of Dunlop Estates Bhd (DEB). The package will come in the form of a
      514 words
    • Article, Illustration
      Singland will not sell any part of Gateway
      647 7  -  GROUP TO BUY 12pc MORE SHARES IN GATEWAY LAND By ELAINE KOH PROPERTY GROUP Singapore Land, currently negotiating to buy out all the remaining shareholder* of Gateway Land, has changed its mind about selling any part of its twin-tower Gateway project in
      647 words
    • Article
      Jurong Cement confirms private share placement
      304 7 JURONG CEMENT LTD has confirmed a BT story about a private placement ot 3.2 million shares at $2.30 a share. In a statement yesterday, Jurong Cement said the net proceeds from the placement amounting to some $7.2 million will be used to reduce existing
      304 words
    • SES
      • Article, Illustration
        Institutional buying lifts prices from the start
        782 8  -  bf ABDUL HADHI THE SINGAPORE stock market continued its upward trend with institutional and retail buying interest lifting prices across a broad front in active trading. Brokers said sustained institutional buying lifted prices from the start "The Tokyo market, in continuing to poet
        782 words
      • Article
        SINGAPORE STOCKS
        254 8 Rises Couwway Wrti 43% +10.1% +4 Sim Urn 179 +7.2% +12 L&MWm 124 +5.1% 6 UOLCUtS 110 +4.8% +5 Hldgs 665 4.7% +30 S«nb Ship Wrti 159 +4.6% +7 K KcHas 25p 476 +4.4% +20 H Prop Wrts 128 +4.1% +5 Wing Tai 2Si 227 4.1% +9 CauMway
        254 words
      • Article
        MALAYSIAN STOCKS
        233 8 Rises M Rmoutcm 72 +13.4% +8% Tatam Corpn 200 +11.1% +20 Akwn 119 +9.2% +10 Twiwrtoh 215 +9.1% +18 Malayawata 430 +7.0% +28 Landmarks H 50f 47 +6.8% +3 Jchan Hkigs SOi 57 +6-5% +3% Kcsang Corpn 125 +5.9% +7 Gaorg* Kwrt 50f 111 +5.7% +6 Sin Hang
        233 words
      • Article
        Unit trusts
        302 8 Monog«n' prtc*s for Nov 25 27 Singapore Unit Trust Tko Comku 120 127 r TW Savings Fund 104 10 S'po<» frog Fund 0.47 041 S'poco S«c Fund 077 082 S'porq lnv*ft Fund 080 OSS S'porn Equity Fund 058 047 Asia Unit Trust Mol InvMi Fund 141 1.70 Mot
        302 words
      • Article
        COMPANY MEETINGS
        44 8 KEMAYAN OIL PALM MR-HAO:Twenty-Fourth AQM at Dewan Johor. Mezzanine Floor, Holiday Inn. Jalan Dato Sulaiman, ***** Johor Bahru, today at noon UNITED INDUSTRIAL CORPORATION LIMITED:EGM at the Shangri-La Hotel, Summit Room, Orange Grove Road, Singapore 102S, on Monday, Nov 27, at 9am
        44 words
      • Article
        SES SHARE INFO-SESDAQ STOCKS
        253 8 Gr'a Qr't Lm* Vol Day Laal Quote Dlv Dlv rid NO M Cap High Low Codo Company Sala +or- ('000) High Low Buyor Sailor C'w P/E Smll NOV 24 3ESDAQ 12* TO* 1 31 166 163 164 166 6.0N 66 0.7 208 1304 150 705% 4000
        253 words
      • Article
        SES SHARE INFO -S'PORE STOCKS
        2970 8 i*" a. Z2L D *y i*" Qmo S»' S MH Mcap High Lm Cod* Company Sate +or- (*000) Mgh Low Buyar SoNor Cvr P/E So* NOV M DEBENTURES. BONDS. LOANS IIS CK Tf>fl W* IMP 312 +8 11 912 304 306 312 2 ss is
        2,970 words
      • Article
        SES SHARE INFO -M'SIAN STOCKS
        1705 9 1MI Qr*i Or*# .-J Vol Day La* Quota Mr Oh Yld Hal M Cap H*«h Low Coda Company Sato +or (*000) High Low Bwyor SaNar Cw P/E tmH NOV M SECTION ONE INDUSTRIAL ft COMMERCIAL S 1M t 1002 iC +»0 441 121 112 11*
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    • KLSE
      • Article, Illustration
        Lock icon Prices rise in active trading
        3532 9 MBT SHARE PRICES continued to advance on the Kuala Lumpur stock market yesterday in active trading with selected financial stocks posting double-digit gains. The higher close was despite a mixed start as profit-takers took advantage of the previous session's increases. Fresh interest was noted in
        MBT  -  3,532 words
    • REGIONAL MARKETS
      • Article
        Lock icon Japan's brokers enter global custody business
        600 10 HEAVY COMPETITION LIKELY Reuter LEADING JAPANESE securities firms have started to move into the lucrative and strategically key global securities custodian business, industry sources said. "The push could increase already heavy competition for handling overseas funds of Jspan's giant institutional investors, who have just
        Reuter  -  600 words
      • Article
        Lock icon Sale of Jardine's personal financing consulting firm off
        114 10 Reuter HONQKONQ-LISTED Jardine Matheson Holdings Ltd has announced the cancellation of the propoeed aale of its personal financial consulting company, Matheeon PFC Ltd. It said sales negotiations had been taking place, but the company would now be retained as part of Jardine
        Reuter  -  114 words
      • Article
        Lock icon JAL to issue 8 million new shares and bonus stock
        234 10 Reuter J$>AN AIR LINES Co Ltd plans to ifaue eight million new shares through public placement in Japan and a three-for-100 bonus, the airlift e company said in a statement. Underwriters for the eight million new shares are Nomura Securities
        Reuter  -  234 words
      • Article
        Lock icon Seoul: Stocks rally broadly
        198 10 Reuter SEOUL stocks rallied In brisk trsding yesterday as ths flnsncs ministry pledged msssurss to pump funds into ths market to aasa tight liquidity, broker* said Ths com posits indsx clossd st 907.44, soaring 16.7 V points from Thursday's finish. Turnovsr slso picksd up to 300.2
        Reuter  -  198 words
      • Article
        Manila: Listless trading
        84 10 PHILIPPINE shares doeed lower yesterday as the market drifted, already apparently entering a preChristmas consolidation phase, brokers said. "It's Christmaa blues time," said Jesus Cinco. executive at Papa Securities Inc. The Manila Stock Exchange composite index eased 6.14 points to settle at 1.36Q.41. Combined turnover on the
        84 words
      • Article
        Lock icon Jakarta: Prices fall
        63 10 Reuter THE Jakarta share index fell 7.43 points to 405.89 yesterdsy with turnover a fairly high 741.400 shares sfter Thursday s 611.130. Csble maker Sucaco topped trading with 190,500 shares changing hands, boosting the price to 10.000 rupiah from 9.500. Interest continued in detergent msker Unggui Indsh
        Reuter  -  63 words
      • Article, Illustration
        Prices firmer in quiet trade
        815 10 Hongkong HONGKONG share prices ended firmer after quiet, lacklustre trading yesterday, brokers said. The Hang Seng Index gained 7.74 to 2.806.53 end the broader-based Hongkong Index rose 5.26 to 1,840.41. "I don't think there's been any significant news, •o the market was quits happy to
        815 words
      • Article
        New Zealand: Quiet trade
        76 10 THE NEW ZEALAND share msrkst drifted down in stesdy trsding yesterdsy, losing much of ths ground msds on Thursdsy. The Bsrclsys indsx closed down 14.56 st 2.073.04. Ons broksr ssys ths market looks as though it is in a pre-Christmas mode and could continue trading quietly
        76 words
      • Article
        Lock icon Bangkok: Active trade
        264 10 Reuter THAI stocks sndsd slightly lower ysstsrdsy aftsr an early sell-off fuelled by fears the government could introduce a capital gaine tax was biuntsd by modsrats buying support latsr, brokers sakl. Ths SET Indsx fsll 10.63 points to closs at 751.66 in vary active trade. Declinee led
        Reuter  -  264 words
      • Article
        Lock icon Taipei: Sharply lower
        373 10 Reuter TAIWAN stocks fell sharply yesterday in the last half hour as investors' mood turned bearish again and all sectors were hit by wave after wave of selling pressure, dealers said. The weighted index dropped 215.83 points, or 2.13 per cant to 9678.61, the lowest level since
        Reuter  -  373 words
      • Article, Illustration
        Lock icon Index up 197 points
        501 10 Tokyo Reuter TOKYO slocks zoomed to another rscord close on scsttsrsd buying yesterdsy. gresssd along in lets trsds by forsign arbitragsurs buying shares in the toy Nikkei index. "It's s very weird, speculative market." said Kikuko Okajima, assistant sales manager st Kokusai Securities. "Traditionally the market
        Reuter  -  501 words
      • Article, Illustration
        Lock icon Sharply weaker
        447 10 Australia Reuter AUSTRALIA'S share market slid to a sharply weaker ctoee yeetorday after Ms early drift downwards deteriorated into a late Belling apree. brokers aaid. The All Ordinariee Index finiahed 16.6 points down at 1,616.7, its low for the day. "Wall Street was closed on Thursday night, and
        Reuter  -  447 words
    • WORLD MARKETS
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1811 11 Reuter PARIS: French share prices were sharply higher by mid-day yesterday as operators took heart from the strong performance on the Matif financial futures market. The CAC-40 index rose 10.93 points to 1,854.49 by 1215 GMT after starting slightly easier on Thursday's close at 1,843.50. Paribas picked
        Reuter  -  1,811 words
      • Article, Illustration
        Lock icon Stocks weaken in early trade
        830 11 London Reuter LONDON share prices were mostly lower yesterday in cautious morning business as sterling fell after a brief respite on Thursday on news of a smaller than expected UK trade deficit, dealers said. At 0958 GMT the FTSE 100 index was 3.6 points down
        Reuter  -  830 words
      • Article
        Lock icon Possible takeover bid clouds Ranks Hovis' solid results
        327 11 FUTURE HINGES ON SUNNINGOALES PLANS Reuter BRITISH FOOO manufacturer Ranks Hovis McDougall pic has reported solid profits for the year ended September 1969 but uncertainty about a possible bid from Ranks' 29.2 per cent shareholder Sunningdale Holdings Ltd continues to overshadow the
        Reuter  -  327 words
      • Article
        Lock icon Opinion divided over Meggitt's bid withdrawal
        501 11 FT TO THE VICTOR normally go the spoil* but not in the case of Meggitt, which on Monday declined to proceed with its proposed scquisition of United Scientific Holdings. Mr Ken Coatee, Meggitt's managing director, said he was disappointed he had not been able
        FT  -  501 words
      • Article
        Lock icon BAT pre-tax profits up 20.7pc
        219 11 AFP BRITISH TOBACCO and services conglomerate BAT Industries has reported s 20.7 psr cent incresss in taxable profit in the third quarter of this year to £446 million. BAT. subject of a US$2l billion hostile taksover bid by ths Hoytake consortium earlier this year, said
        AFP  -  219 words
      • Article, Illustration
        Lock icon Maxwell bids for Israeli group
        185 11 Reuter BRITISH TYCOON Robert Maxwell has msde s US$25O million bid to buy s stake in the Isrseli Clsl conglomerate. Mr Msxwell hss invested US$7O million in three Israeli concerns; the dsily newspaper Ataar/v, Tevs Pharmaceutical company snd Scltsx electronics. said s spokesman for the
        Reuter  -  185 words
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      Page 7 Advertisements Column 1
      33 7 The j Great Escape Explore New Zealand as you please ii—iM HHH Jetsef f air neui zcaiano J|E? 135 Cecil Street. #04-01 NllVlfc LKN Building. Singapore 01 Oft Travel tel: *****01 TA 475
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      Page 7 Advertisements Column 2
      122 7 Keep your investment decisions on target CHARTPOINT Every Saturday h» W« witty Personal Investment pages 11 J Business For Sale Furniture Manufacturing-Adelaide South Australia Well established successful company with excellent reputation has become available for acquisition as the owners wish to retire. Range of electronic, entertainment and computer furniture marketed
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      37 7 (B2ZEQZ by Martell Howj&vr rvir//rt 'odt/o&?frt 4of/tt£-0 40/r% £>e*u*A/r 'CIMTOO f sr*£77M& 7Z)/#(/err ro Of/WME'M& r 'r4/ />.£., &&w.? Z/*AfrASAr7M£' 77M£-{.t/', e*XJ SA/P </oVo?£^/r 'A rc&r7t& &z#rr& W? 77/£-/S/0O$n&/'..' /A/OC>4/A/&'Z'/ y C<5F" C l rrrv $^£5^ C CL^
      37 words
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      103 10 .Du y\ It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European jZx~n —rr-J FOCUS zooms in on the news and f -iL issues of the day and looks at them in more j depth and breadth. FOCUS is
      103 words
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      Page 11 Advertisements Column 1
      16 11 More jobs in the sales/service industry waiting for you in The New Paper Fastads today. jBEDH
      16 words
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      Page 11 Advertisements Column 2
      72 11 SINGAPORE BUSINESS Bisfft 1L 1 li I tfjli $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS e Special report How much it an MBA degree worth In Singapore? e The soaring cost of recruitment e Coping with Jetiag, the globe-trotter's malady e Heshe's corporate strategy: A choice of synergy over money
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      Page 11 Advertisements Column 3
      213 11 HAMASHI INVESTMENT PTE LTD (In Members' Voluntary Winding-Up) LIQUIDATORS' OFFICE: 15 BEACH ROAD #03-10 BEACH CENTRE SINGAPORE 0718 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Chapter SO, that the Final Meeting of the Company will be held at 15 Beach Road
      213 words
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      Page 11 Advertisements Column 4
      514 11 NOTICES M THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF ENTERPRISE VOWN CONSTRUCTION (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraonfnary General Meeting of tie msmbsrs of ths soovenamed Company duly convened and held at ZKB Rue Thomas Edison, Bolts
      514 words
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      Page 11 Advertisements Column 5
      308 11 IN THE MATTER OP TH3T COMPANIES ACT. CAP?#' AND =>* IN THE MATTER OF ZUCCHINI INVESTMENTS PTE LTD On Members' Volnntai^ iKNI NOTICE IS HEREBY GtVV EN that an Extraordinary General Meeting of nl Investments Pte Ltd tat ly convened and held at $<* 5 Lorong Randans, SlQKar pore 1842
      308 words
  • Page 11 Miscellaneous
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  • Article
    Hongkong lowers growth forecast to 3pc
    569 12  -  ECONOMISTS CONSIDER PROJECTION 'PESSIMISTIC' By FOO CHOY PENG Hongkong Correspondent THE Hongkong economy, expected to perk up slightly in the lest quarter after e perticularly bleak third quarter, ie projected to end the year with a 3 per cent growth. The lowering of the
    569 words
  • Article
    Lock icon PT Inco plans massive share offer in Jakarta
    427 12 Reuter PT INCO INTERNATIONAL Indonesia is planning to go public next year in what analysts say could be the biggest issue yet to hit Jakarta'a fledgling stock market "We are hoping to exercise the share offering at the end of the first
    Reuter  -  427 words
  • Article
    Lock icon Aquino pledges to improve basic services
    199 12 Reuter PRESIDENT Corazon Aquino, battling daily power cuts which are costing Philippine industry millions of dollars, yesterday pledged big improvements in basic services in a "make or break" bid for industrialisation. In a policy speech to businessmen, Mrs Aquino promised to reduce power blackouts,
    Reuter  -  199 words
  • Article
    Lock icon Hills' criticism of building trade 'regrettable': Tokyo
    470 12 AP A STATEMENT by US Trade Representative Carla Hills that Japan should do more to prevent "unreasonable" practices in its construction market was "regrettable", Japaneae officials said yesterday. On Wedneeday. Ms Hills recommended against imposing .trade sanctions over problems M 8 companies faced
    AP  -  470 words
  • Article, Illustration
    Lock icon Working closer against drug trafficking
    242 12 Bernama SINGAPORE narcotics officials will discuss with their counterparts in Malaysia the drafting and implementation of Malaysian drug laws, especially on the seizure of assets of drug traffickers, Singapore Law and Home Affairs Minister Professor SJayakumar said in Kuala Lumpur yesterday. Even though Singapore did
    Bernama  -  242 words
  • Article
    Lock icon Thomson chief says Japanese win because they cheat
    158 12 AFP "THE JAPANESE win because they cheat," Alain Gomez, the managing director of the French electronics giant Thomson said yesterday in an attack on Japan's economic system for distorting the internstional industrial market. "The Japanese market is totally closed," Mr Gomez said
    AFP  -  158 words
  • Article
    Head of Asean trade body to be chosen today
    285 12  -  By JAYARAM MENON THE TUSSLE over who should take over the reigns of the Asesn-Chamber of Commerce and Industry (Asean-CCI) is expected to be reeolved today. The Singapore Federation of Chambers of Commerce and Industry (SFCCI) postponed yesterday's extraordinary meeting to
    285 words
  • Article
    Ten more may join winners of BT/Finnair competition
    242 12 TEEINQ-OFF at midnight has caught the imagination of BT readers. Even before the results of the BT/Finnair Golfing Holiday promotion were drawn earlier this week, the phones at BT's circulation department were ringing with requests from readers willing to pay their own
    242 words
  • Article, Illustration
    Lock icon M'sian govt sells stake in MAS
    194 12 AFP THE MALAYSIAN government has sold a 21 per cent stake in Malaysian Airline Syetem Bhd (Malaysia Airlines) held by the Minister of Finance Inc. The Minister of Finance Inc sold a block of 73.5 million Malaysia Airlines shares to an unnamed party at
    AFP  -  194 words
  • Article
    Lock icon Top Japanese banks report leaner profits
    583 12 AFP THE WORLD'S 10 biggest banks, sll of them Japanese, mostly suffered a decline in earnings in the six months to September as higher interest rates squeezed margins between borrowing and lending. In announcing their half-year-ly results yesterday, seven of the banks said their
    AFP  -  583 words
  • Article
    Lock icon Japan's long-term credit banks to raise prime rate by 0.3 point
    128 12 AFP JAPAN'S three long-term credit bsnks decided yesterday to rsise their prime lending rate by 0.3 percentage points to 6.5 per cent a year effective Dec 1. It will be the third increase this year by the Industrial Bank
    AFP  -  128 words
  • Article
    Lock icon Comex gold and silver
    102 12 Reuter COMEX GOLD futures climbed to 11-month highs yesterdsy morning on buying by speculators and dealers as the market caught up with the rally overseas during Wednesday's US holiday break. In choppy buainess, December gold gained US$4.BO at U*****.40 an ounce before sellers trimmed the advance.
    Reuter  -  102 words
  • LATE FILE
    • Article
      Lock icon Crucial meeting Of Czech party
      54 12 AFP A CRUCIAL plenum of the Czechoslovak Communist Perty's central committee opened in Prague yesterday •mid reports that party sec-retary-general Miloe Jakes would resign in 24 hours. At the same time, Alexander Dubcek, veteran leader of the Prague Spring, arrived to address a rally in
      AFP  -  54 words
    • Article
      Lock icon Abolish party monopoly: Krenz
      61 12 AP EAST German leader Egon Krenz said that he favoured aboliahing the Communist Party's constitutional guarantee of a monopoly on power. Though he advocated for the first time removal of Article 1 of the East German Constitution, the party chief made it Clear that he expected
      AP  -  61 words
    • Article
      Lock icon Ceausescu re-elected
      39 12 AP NICOLAE Ceaueeecu, who ao far has reeisted the whirlwind of change stirring Eastern Europe, waa yesterday unanimously re-elected Romania's Communist Party chief, with deiegatee to the 14th party congrees greeting it with "cheers and ovations". AP
      AP  -  39 words
    • Article
      Lock icon Thatcher rebuffs challenge
      53 12 AP BRITISH Prime Minister Margaret Thatcher rabuffad an unprecedented challenge to her leadership of the ruling Coneervative Party by saying she was ready to face two more general elocMone. The Timee of London yeeterday quoted her as saying: "By popular acclaim (in the party) I am happy
      AP  -  53 words
    • Article
      Lock icon Laos to have legal system
      45 12 Reuter THE COMMUNIST government of Laos, 14 years in power and still without a constitution, passed its first set of criminal and Judicial laws and drafts for the setting up of courts end the judiciary, state radio reported yeeterday. Reuter
      Reuter  -  45 words
    • Article
      Lock icon Three more KL firms to delist
      58 12 Bernama MALAYSIA Mining Corporation Bhd, Ayer Hitam Tin Dredging (M) Bhd and Tan Chong Motor Holdings Bhd ssid they would delist their shsres from ths Stock Exchange of Singapore by the end of the year, in line with the Malaysian government's decieion to end
      Bernama  -  58 words
    • Article
      Lock icon Taipei to ease up on foreign banks
      62 12 Reuter TAIWAN may relax restriction# to allow mora foreign banks to set up branches in Taiwan and to allow foreign banks in Taipei to operats in more cities, a senior Finance Ministry official said. The official said that the miniatry was drafting revised
      Reuter  -  62 words
    • Article
      Lock icon Mauritian move on foreign banks
      68 12 Reuter MAURITIUS, which aims to become a financial centre for Africa, said it had allowed the Hongkong and Shanghai Banking Corporation and an Indo-Mauritian venture. SB, International, to set up offshore offices in Port Louis esrly next yesr. The first three offshors banking licences went
      Reuter  -  68 words
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      142 12 MAS Ifcety to fly high on the OTC, EL PAGE ELEVEN yacht fully rl'i lounge, 1 staterooms f FANTASY This exquisite 95 ft fully airconditioned with promenade dance 'H^ and all other comforts fAdd to the great memories of your life. Fantasy Cruises offer a choice of most beautiful yachts
      142 words
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      211 13 NEED A J CAB LOAN? mf Call USA from any phone, any day, anytime at 222 5544 or 222 8844 1 HONG LEON6 SINGAPORE 1 FINANCE LIMITED FINANCE LIMITED! Hmmimy. J EmaiOiweria to <697 Mom* Sfraowanus takn When I won the Tchaikovsky competition, I was thrilled. Later came the Avery
      211 words
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      122 14 I HERE'S A SQUARE INCH OF HISTORY I H See the rest at the I%is superlatiiv I/lit century tapestm is priced over SI million. It is oik of tlw highlights of {Juieshi s Connoisseur C'jijv(.«, tin inspiring exhibition of exceptional antique carpets an J tapestries from pre-eminent private collections in
      122 words
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  • Executive Lifestyle
    • Article, Illustration
      Aces Going Places
      1140 15  -  Perhaps an air-race is more like real life than you, with both feet on the ground, think. Coming in first doesn't mean winning the whole event. So, what's it like? A tour-agency manager tells JAIME LYE how some Singaporean high-fliers have planned the 'longest air-race in history'.
      1,140 words
    • Article, Illustration
      Lock icon How not to swing your way to a chiropractor
      820 13  -  GOLF By JERRY TARDE The writer is the editor of Golf Digest magazine NYT JACK NICKLAUS and Leo Trevino, both 48. have at least one thing in common with the average middle-aged golfer: a bad back. The problem is so prevalent
      NYT  -  820 words
    • Article
      STRAWS in the Wind
      193 13 PIMPLES and acne account for 10 to 15 par cant of private doctor caaaloada. according to tha Haalth Ministry. Wa may ba a middla-claaa society, but apparantty a taanaga ona, observed ona ovaragad delinquent. THE Department of Statistics has December 1900 figurea for finance companiee in
      193 words
    • Commentary
      • Article, Illustration
        The breaching of the Wall doesn't automatically mean reunification
        807 14  -  BOEY KIT YIN The writer, who visited Berlin late last year, is on BT's Foreign Desk. IT IS DIFFICULT to describe the mixed feelings of joy and wonder that greeted news of a crumbling Berlin Wall. After all, the Wall has
        807 words
      • Article, Illustration
        Far from a clean sweep for the ex-Mr Clean this time
        1499 14  -  HARISH MEHTA The writer, who has covered several Indian elections, is on BTs Foreign Desk. ELECTIONS IN INDIA have sometimes been about onions, smong other issues of national importance. Former prime minister Indira Qandhi, the mother of Rajiv Gandhi,
        1,499 words
      • Article
        The West must learn there's no Charlie Chan
        383 14  -  Letters to the Editor Ng Weng Hoong Dear Sir, Thank you for your article "The Myth of Suzie Wong" by Foo Choy Peng (BT, Nov 11-12). it is timely that researcher Mimi Chan has done such a book when increasingly the West
        383 words
      • Article
        Outlook for gold shares improving
        289 14  -  John Lim Manager OUB Investment Management Ltd Dear Sir, We refer to the letter by Mr OW Distant (BT Nov 11-12). "When is the Union Gold Fund going to show its lustre?" As a gold fund, its performance is determined by the trend in gold
        289 words
      • Article
        Wordskill contest — why were winners' names not published?
        203 14  - Wordskill contest why were winners' names not published? D W Distant Dmt Sir, Even good old Gorbachev has made Russia practise more openness with the rest of the world. So why is Business Times so secretive? I refer to the mysterious way of asking entrants to your recent Wordskill contest
        203 words
      • Article
        Make it bright
        54 14  -  Rigor Mortis Dear Sir, May the 1990 Celebrations be more brightly lit than thoee of 1909. Let us have more floodlighting on all sidee of our high buildings, and with different colours, and lots of searchlights moving across the sky. We don't deserve to be called a
        54 words
    • Executive Lifestyle: Entertainments, the Arts & Pursuits
      • Article, Illustration
        Sail the Mediterranean and pour out the bubbly
        1290 15  -  Fancy an alternative lifestyle as a deckhand on a US$3O-million luxury yacht? Well, if you can't own 'em, you can help sail 'em and pour out the bubbly maybe? A SURENDREN meets an equally bubbly captain who, fortunately or not, didn't quite
        1,290 words
      • SHORT TAKES
        • Article
          Wanna be there with Sadao
          155 15 SADAO WATANABE, Asia's most successful jazz musician, is returning to thrill audiences with his eclectic music full of African and Brazilian colour. The 56-year-old alto saxophonist arrives from Taipeh tonight with a ninepiece band and will be staying at the Glass Hotel. The shows here
          155 words
        • Article
          Extreme fashion for 1990
          86 15 MAN And His Woman, the designer boutique offering Parisien, Italian. French and Japanese labels, believes 1990 will be a year of extremes. Clothes will either be lengthy, or very short nothing in between. But they certainly will be sensuous, featuring softer fabrics. The boutique's afternoon of
          86 words
        • Article
          Tailor talk
          134 15 ITALIAN tailors have a lot to learn from Singapore tailors. This is because, unlike their Italian counterparts, local tailors have a very keen attitude towards marketing and salesmanship. So pronounced Dc Leopoldo Capra. vice presidsnt of Mark) Capra, the manufacturer and designer of Italian high fashion fabrics, at
          134 words
        • Article
          Swiss latest, S'pore first
          111 15 SINGAPORE is the first country outside Switzerland to sell Mr Michel Jordi's latest creation the "1991" Collection of 24 watches. According to Mr Jordi, who wes in Singapore recently to launch hie latest creation, there were no plans originally to export theee watches this year, as
          111 words
        • Article
          Disney magic revisited
          97 15 STILL hung up on Mickey Mouse? Still going goofy over Minnie and Donald? Always wanted to meet Roger Rabbit or better still Jessica Rabbit? if so, take the kids along as an excuse to visit the Walt Disney carnival at the World Trade Centre from Nov 25
          97 words
      • Article, Illustration
        Marina South: a tale of two fantasies
        1030 18  -  THEME PARKS By HONG LEE TIAM WILL THIS science fantasy coma true at Marina South? Or will fairy-tale myth envelop the planned park Instead? And if so, when? Two contenders for the prestigious $500-mlllion Singapore Entertainment Centre (SEC) project encompassing the Marina South
        1,030 words
      • Article, Illustration
        Gaye: The prince of Motown
        1190 18 MARVM OA YE: AMhology (Motown) mmm Marvin Gaye may have been one of the moet underrated soul singers of the 1900s, but he was definitely the Prince of Motown: cool, sexy and musically built to last Where his peers preferred the sweet soul sound. Gays
        1,190 words
    • Executive Lifestyle: Entertainment & the Arts
      • Article, Illustration
        Home on a jaunt
        472 19  -  tfi A Surendren ELEANOR WONG Is not confident of what she writes. While in New York studying for her Master's in Law. she saw a television forum on drama and realised two Important things. First, some playwrights said they would naturally be defensive about their plays.
        472 words
      • Article, Illustration
        AIDS victims need friends too
        983 19  -  THEATRE By A SURENDREN ONQ KENG SEN, artistic director of tHEATREwORKS, questions: "What is an AIDS play? What makes AIDS different from some other diseaae like cancer, which has no moral issues attached to it and is not infectious?" Keng Sen feels strongly that AIDS
        983 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Taittinger: light and elegant, just the way the ladies like it
        791 16  -  WV/Vf Wine By N K YONG "IN OUR FAMILY, we love women, so we make our champagnes light and elegant so that the ladies will like them," explained Pierre-Emmanuel Taittinger, nephew of M Claude Taittinger, chairman of Champagne Taittinger.
        791 words
      • Article, Illustration
        Lock icon Sick buildings can get you down
        899 17  -  HEALTH By RICHARD SEAH IN THE EXCHANGE of tetters in the press following new restrictions on smoking in public placee, the manager of one tobacco company made a valid point when he said that good ventilation was more important This is not an argument
        PUNCH  -  899 words
      • Article, Illustration
        BILLBOARD
        1444 17  -  Compiled by ROSMAH STAGE PERFORMANCES: Sadao Wmtanabe Watanabe jazzes up the stage at the World Trade Centre Auditorium today and tomorrow at 8.30pm. Tickets at $80, 160, $40 and $25 are available at Jasper Productions snd Tangs (2nd level, Customer Service Oept). Tachnlcs Musical Instrumants In Concart. A musical
        1,444 words
      • Article
        Lock icon Ordinary people can look great too with workouts
        774 17  -  GYMNASTICS By PETER OLIVER NYT AFTER VICTORY in the 1964 Olympics. the gymnast Mary Lou Rstton got her picture on a Wheaties box. It is safe to say that none of the 400 or so gymnasts who work under the tutelage of
        NYT  -  774 words
      • Article, Illustration
        Lock icon Stone walls do not a country make
        809 24  -  TELEVISION By WALTER GOODMAN NYT "IT'S BATMAN I" acreeched a little boy named Gregor, whose family joined hundreds of thousands of other East Berliners on a day's outing to the Weet when the wall that had divided the city for almost three decades
        NYT  -  809 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Lock icon Boon sets Australia on course for big scores
        281 20 Bucket AFP LITTLE right-hander David Boon set Australia on for another huge score u when he dominated the opening b diy of the one-off cricket Test ittyainst New Zealand at the WA:CA Ground in Perth yesterday. Dropped when he had made 73,
        AFP  -  281 words
      • Article, Illustration
        Field of sixteen at M$100.000 Perak Gold Vase
        581 20  -  Oh TMCk With JEROME FANDOR THE FEATURE race this first weekend of this Perak Qold Vssa meeting is the final leg of the Roth man's International 100 Triple Crown. A field of sixteen lines up tomorrow with Msloo,ooo at stake. Coming at
        581 words
      • Article
        Lock icon Pakistan 22 for no loss after India's 288 in Perth
        190 20 AFP PAKISTAN was 22 without loea at tea on the second day of the second Tast againat India in Parth, in reply to the tourists' 288 sll out. Aamer Malik was batting on one and Ramiz Raja had made 16.
        AFP  -  190 words
      • Article, Illustration
        Lock icon Airikkala triumphs as disaster strikes rival
        408 20 MOTOR RALLY AP PENTTI AIRIKKALA ended 24 years of frustration and disappointment on Thursday when he won the Lombard RAC rally as dissster struck Spaniah rival Carlos Sainz on a dramatic final day. Airikkala, a Finn who livee in Britain, debuted on the rally
        AP  -  408 words
      • Article
        Lock icon Furuseth wins in the Utah skiing competition
        361 20 SKIING AFP OLE CHRISTIAN Furuseth's phenomenal run of World Cup form continued in Utah on Thursday with victory in a men's giant slalom ensuring he retained the overall leadership as the Alpine skiing season started in earnest The 22-year-old Norwegian has won three
        AFP  -  361 words
      • Article, Illustration
        Lock icon World champion Prost thrilled as he begins tests with Ferrari
        564 20 RACING AP WORLD CHAMPION Alain Prost took his first laps at the wheel of a Ferrari on Thursday and said he felt as thrilled as when he made his debut in Formula One racing. "I am beginning a new life,
        AP  -  564 words
      • Article
        Lock icon Berger advances to semi-finals in Brazil
        160 20 TENNIS AP SECOND-SEEDED Jay Berger of the United States downed Mark Koevermans of the Netherlands 5-7, 6-4, 6-3 on Thursdsy to move into the semi-finals of the U*****,000 Itaparica Tennis Tournament. Peru's Jaime Yzaga, the 1966 Itaparica champion, also advanced to the semi-finals with
        AP  -  160 words
    • Executive Jobs
      • Article, Illustration
        PEOPLE IN BUSINESS
        330 21 REED Exhibition Companies has appointed David A Korsa its vice-preeident tor tha AsiaPacific region. Ha will be baaed in Cahners Expoaition Qroup, Singapore, which spearheada activities for REC aa tha corporate haadquarters of Its South-east Asian operation* Mr Korsa also assumes responsibility for tha group's Hongkong office,
        330 words
      • Article, Illustration
        Local execs enjoy similar car perks as expats but earn 10pc less: survey
        819 21  -  By ANNA TEO IF COMPANY CARS are all one goee by, there is little difference in the perquisites enjoyed by local and expatriate executives. Hay Management Consultants' latest executive compensation survey of 80 companies listed the Volvo
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      • Article
        What the reward strategist must consider
        157 21 KEEPING the eyes and ears open on the competition applies, it seems, to almost all facets of doing business. Even how employees should be rewarded. But developing and designing reward strategies is no longer one of keeping up with the competitors. What the other
        157 words
      • Article, Illustration
        The need to fill key positions early
        1213 21  -  Planning for someone else to fill your shoes is not likely to be the favourite task of CEOs. But the most successful organisations tend to pay almost fanatical attention to leadership continuity. Neglecting succession planning, counsels DAVID MARCHINGTON, can be the downfall of
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    • Executive Lifestyle: Investment and Finance
      • Article
        Foreign currencies: keep an eye on exchange rates
        1095 22  -  PERSONAL FINANCE By ALVIN TAY, Financial Editor TIRED OF earning only an interMi of about S per cent per snntirp on your Singapore dollar deposits? You may want to consider invssting in high-yield foreign currencies, such ss those of Canada, Australia, New
        1,095 words
      • Article
        Lock icon Soaring gold price draws investors to South African stocks
        674 22 GOLD Reuter THE SURGE in the gold price on world markets has brought some of the glitter back to the tarnished image of South African mining stocks. The stigma and risks aasoclated with apartheid have taken a back seat in the
        Reuter  -  674 words
      • Don't quote me...
        • Article
          Quotable quotes
          203 22 FORTUNE MAGAZINE, In Mi ipcdil Itm focusing on Asls In Ittt *****, has a wonderful collection of quotss from ths 26 people the magszins considers issintlsl contacts lor Ihoss wanting to do buslnsss In Asis. Hara it a sample: From Indonesia, William Boaryad|aya. chairman of the Astra group:
          203 words
        • Article
          Electronic boo-boo
          124 22 ABOUT 10 DAYS AGO, a large, local broking firm aant to Its cllnnts a bulletin through a laaaad Router wira on lha pnsallill tty of a local developer having Its licanoa suspended. Tha bullatln waa raad by Invsstors not only In Singapore, but alao Hongkong, lha United Kingdom
          124 words
        • Article, Illustration
          Good enough reason to go public
          146 22 AMERICA bast-known brothal Mustang Ranch la makkw a sacond go at listing its atocka on tha axchenge. Undar tha ravlaad offaring approvad last waak by tha US Sacurttlaa and Exchange Commission, ownar Joa Confer* and hia wife Sally would ratain a 40 par oant
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      • Article, Illustration
        Tips on doing up your home
        903 22  -  Hi IIK" 1 •I PROPERTY PROSPECTS k A ■y RUYEE HOW Ruy— How is gmnmrml m*n*gor, drnvtopmrnnt comut~ tsncy Mod rNM/ch, a/ Rtcthtrd em (Ptm) Ltd. TO PROTECT the value of ttteir investment and to improve toe living environment, owners of residential property ofton
        903 words
      • Article, Illustration
        C$ may see downward correction against S$
        266 23  -  f By C DOW Mr Dow h an Investment manager with a major local publicly-listed company. THE CHART of the exchange rate of the US dollar against the Canadian dollar in the last four years is quits similar to that of the US
        266 words
      • Article, Illustration
        Lock icon Technical indicators point to possible pullback next week
        212 23 CHART POINT Tsang Ong Stockbrokers (Pte) Ltd YESTERDAY, the Straits Times Industrials Index cloeed st 1,305.27, s new high since Oct 13. For the week, it gsined 3.0 per cent, or 40 points. Weekly volume rose strongly by 41 per cent, while
        Tsang & Ong Stockbrokers (Pte) Ltd  -  212 words
      • Article
        MAS likely to fly high on the OTC
        948 23  -  By LORETTA McLAUGHLAN WITHIN THE next couple of monthe, Singapore ia going to see a bit of a revolution in the trading of Malayaian shares, if Singapore's plana work out amoothly, the volume of business in Malaysian stocks could well rise. The
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      65 15 4 t V v x i 11 I v '.'-v? \n J jp*> v^Bf V CO^MY IDEAS FROM MASSIMO OSTI JOIN A 20% DISCOUNT ON YOUR NEXT ITEM/S WITH EVERY FIRST APPAREL YOU BUY AT NORMAL PRICE. NOW TILL 31.12.89. (VALID FOR PER CASH BILL ONLY.) C.P. COMPANY BOUTIQUE TANGS
      65 words
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      225 16 If Where to entertain... Where to entertain... Where to entertain... Whet? fp IF BjßP^ W^im Spicy Szechuan dishes served at lunch and dinner daily in the cool, inviting atmosphere of Szechuan Court. Reservations, *****10 or *****85 ext *****/6. •o"* "ST WESTIN Homslßisons TeaTkli^its Indulge in a generous buffet of mouthwatering
      225 words
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      Page 16 Advertisements Column 2
      311 16 SENSATIONAL SIZZLIMG SATAY AT Cafe vfeuM/apd Sizzling satay, the all-time local favourite. Succulent muttoa chicken and beef skewered and grilled on an open fire, complimented by a rich peanut sauce, and accompanied with fresh bits of cucumber, pineapple and onion. Try a cool refreshing coconut with its thick and tender
      311 words
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      Page 16 Advertisements Column 3
      189 16 nuifnees "eafc J»Mtoodr**tauranT v_^J TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOO. EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE
      189 words
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      Page 16 Advertisements Column 4
      244 16 TRY KARAOKK AT s a Top 40s Broadway. Sentimental. Country' Western Japanese and Mandarin selections available too. Sunday Thursday: spm lam Kriday. Saturday spm 2am PI I Kvc Plaza Hotel SINGAPORE IVacti Koad Sweaporr 07WTH 2«JH00II Paramount Hotel N The Gazebo presents a unique blend of pure pleasure 6* sheer
      244 words
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      Page 16 Advertisements Column 5
      297 16 fi R4E^BKRK| fl FRENOmJFFET Zsk TOPOFTKEM fl— i •> WirW decided to take French cuisine to new heights. Just for November, The Belvedere ascends to the Top of the M, bringing along with it over 60 choice French favourites. At that height, it's certainly lunch with a view. Well, not
      297 words
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      248 17 I Remember, I I Remember I I The 23rd Of I I November. I For a Thanksgiving steeped in the American tradition, I remember to come to Century Park Sheraton-Singapore H from November 23 to 25. At the Hubert us Grill, we W prepared a delicious H H Thanksgiving Set
      248 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      756 17 CRYPTIC PUZZLE 10 It's near time to shut 3 Property seller (6, 5) ACROSS U P (6) Trki (0) nAn umbrella serves a 5 Friendly (7) 8 London, tor instance, is protective purpose (7) e Unable to read and fine (7) 12 Besh right in, fsst (6) write mo) 9
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      251 18 at The Oriental, Singapore. THE ORIENTAL SINGAPORE Ah, the joys of French champagne... Crispy Vegetable Salad topped with an Escalope the sound of clinking glasses as a chorus of "Same!" of Turbot and a Champagne Dressing. Or try to resist fills the air... the distinct bouquet of freshly the Braised
      251 words
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      64 19 >:-/*,*€ Mrt4A~ Go V Br" ■E^l 111 IM M ll MtWyarif.O I0»»»a cacti»p M f ottoa V eta piSTintts B9 K ■Mgordors Mr Jftfll SPICIAL H" iM I H .'-3KIB LONDON Kr-*# jgZ IJhI dry gin ill ENGLAND L -->' DISTILLED IN "3lflHl ALEXANDER GORDON COMPANY JOU i DHVHn* 13
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  • Page 20 Miscellaneous
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      Page 20 Miscellaneous Column 1
      1423 20 SATI PRAY BBC Highlights to people working in the field about the modern I I Saturday Nov 25th 11 30am ,ac of He also meets some early volunBBC Chart ,Show World Service presenters Dave Lee Travis and Paul Burnett once recorded a country n truckin Dor/in R Uinhlinhtc 88.9 mHz
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      125 21 DHL IN THE NEWS Advertisement nui tn nloii Canto The Santa Pack promotion, UnL IU piety OdllUl launched on October 20 to beat the Oh 'ni. m nn Christmas rush, will run until December 3[| unnsimas 18, enabling customers to send gifts to any of DHLs 175 country destinations. DHL
      125 words
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      Page 21 Advertisements Column 2
      92 21 What every teenage boy and girl should know... Mrs liiKav MmiM wmHr miwit. NIM PBR*. Are you going through that difficult stage? Physical and emotional changes are taking place in your body. But parents are too embarassed to discuss sex and sexuality. And your knowledge of the subject is scanty.
      92 words
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      Page 21 Advertisements Column 3
      459 21 r- I MALAYAN BREWERIES (S) PTE LTD is a well established company engaged in the I I manufacturing, marketing and distribution of beer. Committed expansion in its business I activities both locally and internationally has created the positions of: I I DEPUTY GENERAL SALES BRAND MANAGER I I MANAGER He
      459 words
  • Page 21 Miscellaneous
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      Page 22 Advertisements Column 1
      169 22 T^ 1 CALL ami]® SHELL TAKE CARE OF YOUR,WEEDS. Pw™ 0(1111) L New 24 Hour s*==| m 'Loan and Information g4| J jj O r Service and Approval' Call Hong Leong Finance: fSTI' fol *****44 IZJ 12J 12J r ssr Uf^^n %W ft® IH «S=Cooo*g^E^ p imiM v r^l^Mi^^Mll^ WPW
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      9 23 Manager must manage BT shows you how every Monday
      9 words
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      Page 23 Advertisements Column 2
      1149 23 Business Times readers can say goodbye to spelling uncertainties. j it EVEN TO THE MOST FLUENT ENGLISH SPEAKERS Embarrass... no, cmbarass no, embarras... Sergeant... no, sargeant... ft Jlinnn no. seargent... Indispensable... indispensible... indespensible... M DPtnJzl run UJUnu Ancillary... no, ancilliary... no, anxilliary... Sacrilegious... no, o. sacriligious... Graffiti... no. grafitti... no.
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      31 24 Man: the true picture. y*L -'^HL JHWi- ifc. V%/ .vim. ~lii-\'k«- i i tfilii M/; rjttfc KkIZIAIJCMC S^B THE KRIZIA BOUTIQUE 127 129 tangiin road, tudor court, Singapore 1024. Tel: *****41.
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      631 24 RmMc Fbh, Today, 10.30pm, SBC 5 Franda Ford Coppola la uaually worth watching, even tor hia minor moviee. Aa in The Outsiders, ha daala with tha younger generation again here in atytiaed angst. Matt Dillon and Mickey Rourke play two brothare who work out their reepective iivee amidst urban turmoil.
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    • Miscellaneous
      Page 24 Miscellaneous Column 2
      1151 24 C ATI IDHAV ■C: CMmm; T: Tamil; Cooks Mmi (r) ~»y oAIUKUAY SiSattm. Our CD/* It JDv IA 8-30 AM Tonight, Tonight Wildcat (C. Ep rfcftlnil ~~MI News at Eight (C). CWOPOP 7.30 PM Opening and 5*2 Nowi at Nina. 131 Tba Perfect Match (C. T r"- Programme Highlights '-30
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