The Business Times, 9 December 1989
1989-12-09
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The Business Times
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Title Section12 1989-12-09 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, December 9-10 1989 75 CENTS12 words
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465 1989-12-09 1 FOO CHOY PENG - GOLD PEAK, ASM PACIFIC TECH TO DIVERSIFY OPERATIONS By FOO CHOY PENG Hongkong Correspondent TWO Hongkong listed companies Gold Peak Industries (Holdings) and ASM Pacific Technology are planning to set up shop in Singapore in order to diversify their operations.465 words
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Article425 1989-12-09 1 ELAINE KOH - ELAINE KOH SINGAPORE Airlines won more kudos when it took the grand prize this year after getting first place in the annual report competition for three years running. Straits Steamship Co won the award for the best annual report in the competition, which is now425 words
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493 1989-12-09 1 ROSIE TAN - By ROSIE TAN THE government's main holding company, Temasek Holdings, was worth a whopping $5.44 billion at the end of 1967. In the first public account in a long time on the performance of the government's holding companies, the lateet report493 words
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69 1989-12-09 1 Reuter THE US UNEMPLOYMENT rate rose to 5.4 per cent in November, the highest in 10 months, from 5.3 per cent in October, the Department of Labour reported yesterday. The manufacturing sector continued to shed jobs, with factory payrolls shrinking by 27,000, theirReuter - 69 words
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183 1989-12-09 1 AP THE SOVIET UNION is packing up MiG-23 fighter jets it has based at Cam Ranh Bay in Vietnam, according to a source in the US Administration and other analysts. "There has been a series of reports that they have been disassemblingAP - 183 words
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Article110 1989-12-09 1 AFP INDONESIA'S export income, boosted by the strong performance of non-oil products, rose 10 per cent from a year earlier to U5512.33 billion in the first seven months of 1969. The Centrsl Bureau of Statistics said in its lateet report that export income from commodities outsideAFP - 110 words
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Article48 1989-12-09 1 AP LONDON share prices recovered to post small gains at midday yesterday after sliding in early trading in line with losses earlier in Tokyo and in New York on Thursday. At about 12:15 pm, the Financial Times-Stock Exchange 100-share index was up 7.4 points, at 2,354.1. APAP - 48 words
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Article42 1989-12-09 1 AFP SHARE PRICES on Wall Street opened higher yesterday, with the Dow Jones index of leading industrials rising 12.16 points to 2,732.93 within the first five minutes of trading. On Thursday, the index closed down 16 points st 2,720.77. AFPAFP - 42 words
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Article, Illustration231 1989-12-09 1 TECHNICAL CORRECTIONS caused some major regional stock markets to close lower yeeterday. The mini-rally on the Slnga pore stock market was broken by the correction market analysts had predicted. The Straits Times Industrial Index alipped 0.56 point to 1.444.06 while the Business Times Composite Index inched231 words
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Article152 1989-12-09 1 fttock indices Frtdoy ST Industrials Index 1,444.96 •T Compodt* Mm 1,272.57 (-0.41 NST Industrial Index 2725.99 7.92) HK Hang Sang Index 2754.11 (-15.89 Tokyo Nfckol Average *****.06 (-134.05) Sydney AM-Ordlnories 1,624.6 (-10.3) Tburiday New York (Dow Jones) *****7(-16.0 London (FT 30 Index) 1,850.9(-9.0) Exchingc ntti US$. 144.20yen152 words
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Page 1 Advertisements
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Advertisement307 1989-12-09 1 Nikon TheWbvtd'sFtnaat Photographic System. £yta-Zii<- UfciTyit t Wm~ Spy writer Page One Page Three Future hits Page Six Losing the wars, winning the peace Page Two Much more than just a court story Page Two WIN The wines of Alfredo Prunotto of Piemonte Page Four IMtll Don't be angry, be307 words
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Advertisement24 1989-12-09 1 See PAGE 2 Proposal to set up govt body to enhance business climate, PAGE 2 Slower world economic growth Ifcety next year, BACK PAQE24 words
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Advertisement167 1989-12-09 1 Nikon TtMfltorid'sßnMt WmoyapWc Systom. Full report, PAGE Regional mkts, PAGE 10 World mkto, PAGE 11 As soon as you selves as connoisseurs. mmmSSmSmmm enter The Hour Class connoisseurs And our customers F O R COLLECTORS I Timeless value from Rolex... and The Hour Glass. I I JJ to examine our167 words
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HOME NEWS
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497 1989-12-09 2 LILIAN ANG - By LILIAN ANG THE HOUSING and Development Board (HDB) yesterday unveiled further measures to make it easier for Singaporeans and permanent residents to own flats. The move follows the government's decision in August to liberalise sale of HDB and HUOC497 words
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Article167 1989-12-09 2 SINGAPORE'S roads srs getting ssfsr. The number of traffic accident casualties (persons killed and injured) per year has tumbled from an historic high of 13.466 in 1979 to 6.966 in 1966. This la a near halving of the rate in ten years. Over the period, the167 words
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477 1989-12-09 2 TO ENSURE that the environment is conducive to business, the parliamentary watchdog on public financea haa recommended that a body be set up within the government to review periodically legislations and regulations with a view to enhancing business operationa. 1477 words
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Article, Illustration395 1989-12-09 2 SUZANNE SOH - By SUZANNE SOH FIVE to 10 year* of film-making and tourism that's how long )t will taks to recoup the $70 million in investment in Singapore's first movie-studio cum theme park in the heart of Jurong. At a press briefing yesterday,395 words
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444 1989-12-09 2 HARISH MEHTA - By HARISH MEHTA AN AEROSPATIALE delegation will arrive in Singapore next week to see if the Republic's industrisl cspsbilitiss are adequate for manufacturing the doors of ths high-tech Airbus A 320. Aerospatiale, s 37.9 per cent partner in the Airbus consortium, signed s Memorsndum444 words
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Article, Illustration378 1989-12-09 2 HAVING an international outlook, or at least a shrewd awareness of happenings and developments elsewhere, is necessary in the run-up to a single world economy, said Brigadier-General (Reservist) George Yeo last night Growing globaliaation alao means increased mobility of financial and human capital and378 words
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365 1989-12-09 2 CHARLES SAVAGE - By CHARLES SAVAGE FORMER tennis star Bjorn Borg has found a new partner and is launching a new company following the liquidation of his Monacobased Bjorn Borg Group earlier this year. At s press conference yesterday, Mr Borg said that the venture with365 words
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184 1989-12-09 2 IN THE COUNTRY known for its practice of lifelong employment only just over a quarter of its young workers expressed an interest in staying with the same employer, a World Youth Survey has shown. The findings on Japan produced the surprise of the184 words
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Article1135 1989-12-09 2 ARRIVALS Operator number tocol Mm* From SU GAL MAS su MAS UAL UAL CAL SU MAU MAS SVA KAL SIA MAS IAW MAS SU ACA SU CPA MAS SU GU MA SU QPA PAL GU THA SU TtY GU SU THA MAS SU SU SU SU SU1,135 words
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Page 2 Advertisements
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Advertisement23 1989-12-09 2 To Clothe In Style With Quality LEIGHTON'S SHOP PTE LTD lssin i.ilr \h'll)l» mm,trow: roi Kisrs nim;\porf m vstkr PROMOTION BOARD TAILORS YSSOCIYHON23 words
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Advertisement59 1989-12-09 2 ATT J? TSe b«»n«s penon'j choicc fvery Tuodw, IV ll■ 1 A \/f IIJ \f Ttiunday, Saturday and Sunday. Leaving Gongi I\ I 1/1 Y I I Airport at 21:66 hours and arriving at La 1N Lj V V I vyl\l\ Csll your trsvrl agent or Air CaruuLt at *****55.59 words
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Page 2 Miscellaneous
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Miscellaneous186 1989-12-09 2 gteATHEßffij^ Olobal temperatures and weather forecaat 4H*i«l for Dec City Max/ Note OUTLOOK: lli««tri ovor a tow otm In ft* _c% Report tor 24 hour* prior Abordoon 07/03 Oowdy to 7.30pm on Doc ottho Amatordom 06/01 Oowdy Alton* 16/12 Mild Auckland 21/12 Showor* Mh ""liO Bangkok 30/22 Fair Aoooe hankMy186 words
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FOREIGN NEWS
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380 1989-12-09 3 THfr Malaysian government will increase the axle and vehicle weight limits for lorries next year to pave the way for an economical cargo transportation system, says Transport Minister Datuk SeH Dr Ling Liong Sik. -The new rules, enabling a lorry380 words
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228 1989-12-09 3 Bernama TH'£ MALAYSIAN Industrial Development Authority (Mida) approved investment projects wdrth M 5265 million in Perak during the first nine months of th&Cyear, State Secretary Datuk Ahmad Saadi said on Thursday. "Although the figure represented only 5 per cent of the totalBernama - 228 words
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273 1989-12-09 3 Reuter JAPANESE Prime Minister Toehiki Kaifu on Thursday assured the Philippinee that his government's economic commitment to Manila remained unchanged despite the recent six-day coup attempt against its government, the Foreign Ministry in Tokyo said. Mr Kaifu made the pledge in aReuter - 273 words
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244 1989-12-09 3 AP MORE THAN HALF of the Japaneee don't have much or any admiration for the US, its economic success or its people, according to a survey by Business Week magazine. A majority of 1,000 Japanese polled last month also said the USAP - 244 words
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152 1989-12-09 3 AFP THE JAPANESE economy is expected to grow more than 4 per cent in real terms in fiscal 1990 through 1992, Sumitomo Bank Ltd said on Thursday. Strong domestic demand is expected to boost the gross national product (QNP) by 4.3AFP - 152 words
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105 1989-12-09 3 Reuter THE EAST GERMAN Cabinet has drawn up a draft law on Joint ventures with foreign companies and sent it to Parliament, a government spokesman in East Berlin said on Thursday. Wolfgang Meyer said the bill, which would Include regulations for protecting foreignReuter - 105 words
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424 1989-12-09 3 AP SOUTH KOREA'S economy will grow only 6.5 per cent next year, down from an estimated 6.8 per cent this year, as slow exports continue and more labour disputes threaten, Economic Planning Minister Cho Soon said on Thursday. These figures compare with annualAP - 424 words
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235 1989-12-09 3 AP WEST GERMANY 8 big excess of exports over imports in trade with European countries hurts the whole world tradino system and could lead to protectionism in the US, Treasury Under-Secre-tary David Mulford has warned. He said there had been good adjustment in tradeAP - 235 words
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405 1989-12-09 3 Reuter AFP CHINA'S industrial output continued to stagnate in November with state-owned enterprises registering a drop in output in spite of injections of fresh funds, official figures showed. At the same time, the official New China News Agency announced the firstReuter; AFP - 405 words
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Page 3 Advertisements
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Advertisement165 1989-12-09 3 DEWAR'S PROFILE: JONATHAN CHESTER vvnYii«.\vii.vni*>:-\\i. \\<►rlvl your bank manager lonj* \\a\ a\\a\. 11< >Mlv S\(llit'\ i IU riskinga lit lU' you li\«• a lot. l'K< >HLK. tturaiiooUN, sell ivlianl Pli< »i r:SS|O\ rin>t<».liminalisi Anlan lit «*\im ii il 11 .1 Mill (ill alH'< his l i s| x a ii<165 words
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Page 3 Miscellaneous
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Miscellaneous46 1989-12-09 3 Doonesbury by garry trudeau OKAY, LET ME SEE ccvurrrvn SO I CAN ENTER WU HAVE ID IUNPERSTANP THE CORREC/O! NORIEGA'S OFFICE %JT ,FI BEONRBCORP GROUND RULES FOR TO USEVIOLBNC3 FORCEFULLY i/UfTH RJ6HT BLOU) HIS AS HAVI NO "AOCJPBNTAL" LOSS OF 10 OVERTHROW AUJeAPoT.' HEAP OFF* w™OOK«46 words
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MONEY AND EXCHANGES
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220 1989-12-09 4 Reuter THE TOKYO International Financial Futures Exchange (Tiff®) ia planning to develop a computerised trading system in 1900, Tiffe president Taroichi Yoshida was quoted by an exchange official as saying at a news conference. He said the exchange will not rush plans for extendingReuter - 220 words
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125 1989-12-09 4 Bernama THE INDUSTRIAL Finance Corp of Thailand (IFCT) and Japan Asean Investment Co Ltd (JAIC) on Thursday signed a contract to boost Thai agro-industries, IFCT's managing director Assawin Kongsiri said. JAIC would offer about eight billion yen to Thai medium-scale exportBernama - 125 words
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Article1034 1989-12-09 4 SMOAPORE: The US dollar yesterday closed little changed against major currsnciss after briefly testing higher levels in thin trsding, dealers said. Plsyers were reluctant to take positions ahead of US jobs data expected at 1330 GMT yesterday, and the dollar stayed within a tight range against ths mark1,034 words
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Article360 1989-12-09 4 HONGKONG: Gold cloeed lower yeeterday in quiet two-way trading on local profit-taking offsstting ths early Japanese buying, dealers said. They said an absence of strong incsntives caused the thin trade yeaterday and most traders were aidelined ahead of the US November employment figures due st 1330 GMT yesterday.360 words
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Article175 1989-12-09 4 Gold futures on December 7, 1989 100 troy ounces. USJ per troy ounce Opon High Low SotMo +1Doe 406.50 410.50 403.00 410.00 >3.10 Jon 412 60 +5.00 Fob 410.80 416.00 407 50 415.00 +4.90 Apr 416.00 421.00 412.40 420.00 5.00 Jun 421.00 425.00 417 80 424.80 3.00175 words
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Article242 1989-12-09 4 ASIAN DOLLAR deposit rates yesterday cloeed little changed from opening levels in quiet trading. "There isn't much interest today as everybody is wsiting for today's 1330 QMT rsiease of US November employment data." a dealer said yesterday. Term ratee firmed 1/16 to 1/8 point at the outset242 words
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Article615 1989-12-09 4 SIMEX EURODOLLAR futures yesterday ended steady to slightly lower in active two-way trade ahead of the 1330 GMT US November jobe data, dealers said. "Operators are concerned about the figures because it may provide the market some clues as to whether the US Federal Reeerve will eaae credit policy.''615 words
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Article238 1989-12-09 4 Reuter IMM CURRENCY FUTURES ended mostly lower on Thursday, as mark futures sustained moderate losses on profit-taking ahead of yesterday's US job data. "Basically thsre was a lot of unwinding on the mark/yen cross and then it (the mark) came beck," one currency futures trsder said. Banks led theReuter - 238 words
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Article64 1989-12-09 4 THE overnight rate on the Singapore money market was 13/16 point higher at 5-9/16 per cent yesterday. Shortterm rates were 1/16 lower. r "> C ff I J»4_a tajB JBIJ r > M I'llwl DOnK ruTVl at «h« do** y*st*rdayi OfVfi MO o«- S */l* S 7/16 I-m*64 words
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Article99 1989-12-09 4 Treasury bills Period tssu* Y*st*r day's dosing Day's cod* Maturity MO ora HK3H LOW 3 WMMtHw BQ*****H 08.03.90 4^0 4.65 6 months 8S*****V 18.01.90 4.70 4.65 1 y*or •Y*****Z 18.10.90 4.60 4JS Government notes and bonds Period Ittut Maturity Coupon Y*st*rday's dosing Day's cod* rat* MO ora99 words
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Article, Illustration186 1989-12-09 4 'Indicates Via mrag* oI Mm prims Isndbig rate* of 12 major banks In S*pors Interbank market rataa (offar/bld) on Dac 8 US$ DM SWFC Y«i 7 4mrt U —14 7/t 7 IS/14—13/14 1-7 1/4 4 3/S 4 1/4 la* > 3/1 11/14 lll/l- IS 7 IS/14—!>/!« *1/14186 words
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Article1153 1989-12-09 4 CURRENCY FUTURES OPTIONS Friday, Dwambcr 8, 1989 DWTSCMUIARK (MMCX) DHNI* OM«pm» M#» Lot Ml Mgfc Lmm Mi S3 53 54 MMUN YIN (IMP) DMNMMI DMNP* Lm Ml NHfe Ln Ml 71 77 73 75 CURRENCY FUTURES OPTIONS IMM Wwfcwtdoy, Dm 6, 1989 MUTISM POUND KM•* OWrti par C Mm1,153 words
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BANKING AND FINANCE
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352 1989-12-09 5 FT PKBANKEN, the Swedish state-controlled bank, has launched a 5.6 billion Swedish kronor (US$6BO million) bid for fifth-ranking Nordbanken in a move that could create the Nordic region's biggest banking group. Nordbanken's board recommended the offer to shareholders on Wednesday despite aFT - 352 words
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150 1989-12-09 5 Bernama BRITAIN'S financial system is swssh with drugs money sent there to be laundered in bank end building society accounts, according to a parliamentary select committee report released in London on Thursday. The report, which expreesed concern about the way proceeds fromBernama - 150 words
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305 1989-12-09 5 Reuter MORE SOUTH KOREAN banks and securities companies are setting up branches in Hongkong as a stepping stone to international financial markets, bankers said. Korean banking sources based in Hongkong said Shin Han Bank will open a represented ve officeReuter - 305 words
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170 1989-12-09 5 AFP JAPAN'S Foreign Ministry said on Thursday that it had reached agreement on the terms for a 159 billion yen (US$l.l billion) loan to Indoneeia, including an interest-rate cut of two percentage points. The loan to Indoneeia, the biggeet recipient ofAFP - 170 words
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386 1989-12-09 5 QUAK HIANG WHAI - Any new service should be launched collectively, they say By QUAK HIANG WHAI DBS BANK'S launch of an interbank funds transfer service through the shared-ATM (automated teller machine) network earlier this week has incurred the wrath of its three partners in the joint386 words
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348 1989-12-09 5 Bernama THE BULK of new loans extended by the Malaysian banking system in August continued to be channelled to the manufacturing sector. Bank Negara said on Thursday. Manufacturing accounted for M 5534 million or 31.8 per cent of total loans; finance, insurance andBernama - 348 words
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297 1989-12-09 5 Reuter A SENIOR EXECUTIVE of the Bank of Scotland has been appointed to advise the statutory manager* of collapsed investment bank, DFC New Zealand Ltd, the New Zealand Reserve Bank said in a statement. The bank aaid Bank of Scotland seniorReuter - 297 words
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Page 5 Advertisements
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Advertisement437 1989-12-09 5 CC 90 YEARS A LEMBi IH TECHMOIOGICAL DEVELOPMENTS A SPECIALIST IN COMPUTERS AND COMMUNICATIONS UNWAVERING DEALER BACK UP SUPPORTED BY A REGIONAL SUPPORT CENTRE OFFERS THE WIDEST RANffi OF COMPUTER PRODUCTS AND PERIPHERALS NOW. ABSOLUTELY HO EXCUSE TO SAY NO TO NEC |»'e tho hoct ownr Hnoi #mm mcp Pninw437 words
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Page 5 Miscellaneous
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Miscellaneous35 1989-12-09 5 OLLARS AND NON$EN$ I -8>} c j —oo i Tr i) tik h¥i: 70 Did it ever occur to you that we might be identical twins separated at birth and raised in radically different environments?"35 words
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COMMODITIES
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358 1989-12-09 6 FT COFFEE and cocoa pricee, which have this year collapaed along with their commodity agreements, are set to fall further in 1900, says the Economist Intelligence Unit. And a big question mark remaina over the poeaible revival of the two commodity agreements. TheFT - 358 words
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136 1989-12-09 6 Reuter INDONESIAN President Suharto on Thursday expressed concern over the stance of the Philippines in world coffee trading negotiations. Mr Suharto's concern was directed at Manila's tendency to side with Brazil and Columbia, two of the world's major coffee exporters,Reuter - 136 words
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Article149 1989-12-09 6 THE Kuala Lumpur Tin Market (KLTM) price ended sen higher at M 817.78 a kg nHi day, reflecting a firmer London Metal Exchange (LME) does which triggered Incrensod buying from Japan, Europe and localty. dsalirs said. Turnover roee to M tonnss from 17. "The market Is hsaflhy and149 words
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Article314 1989-12-09 6 SINGAPORE: Rubber prices closed little changed yesterday, with January 1 RSS buyer quoted at 162.50 cents a kg, up half a cent from Thursday's close. Dealers said the market remained quiet throughout the afternoon session as operators hesitated to trade due to a lack of fresh factors and ahead314 words
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Article140 1989-12-09 6 Telerate Sentiment for fuel oil wss firmer in the Singapore market yesterday. Prompt avails remained tight on the number of cargoes srriving in December and sell indications for CSTIBO were around $107 MT fob Sing. A deal for December CSTIBO was done at $104-5 MT fobTelerate - 140 words
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Article347 1989-12-09 6 RAS prices m 8 c«n*Ag, FOB m beiee NOON ClOS£ Buyers Sellers Buyers Sellers In* 1 RSS Prompt ***** 161.75N 160.75 161.75 tat 1 RSS Jon 90 162-50 163.00 162.50 163.00 tat 1 RSS Feb 165.00 165J0 165.00 165.50 Int 2 RSS Of 158.00 160.00N 158.00 160.00N347 words
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Article148 1989-12-09 6 Reuter CBOT soft red winter wheat futures settled mostly lower on Thursday after a lacklustre session dominated mainly by prof-it-taking and bearish weather forecasts. Dealings were quiet, as had been expected, following a strong shortcovering rally on Wednesday triggered by bullish export news. Subsequent profit-tak- ing from the rallyReuter - 148 words
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Article86 1989-12-09 6 Reuter CBOT SOYBEAN futures ended a thinly traded Thursday session lower in the absence of pricesupportive features, traders said. The spot January contract's inability to penetrate psychological resistance at the US$5.BO level contributed to the bearish tone. Initially, brokers had expected follow-through activity from Wedneeday s buying and onReuter - 86 words
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Article192 1989-12-09 6 Chinese Produce Exchange S«4l«r*' non dosing priest on Doc 8 (S$/100 kg) Coconut oil Bulk FOB 81.00 Otd drum FOB 95.00 N«w drum FOB 91.00 Copra Mlxad (Ioom) 42.00 Milan Pepp«r Muntak wMt* FOB NIW 427.50 Sarawak whit* FOB faq NIW 417.50 Sarawak tpadal block FOB NIW 355.00192 words
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Article196 1989-12-09 6 London Commodity Exchange Buyer/Seller closing prices on Dec 7 (£/tonr>« unless specified). Previous closing prices in parenthesis. Coffee ion 659/660 (663/664) High/Low 666/655 Mar 663/664 (667/668) High/Low 670/660 Sat** (3557) Cocoa Ok 659/660 (666/668) High/low 660/668 Mar 648/649 (652/654) High/Low 655/647 Sala* (2761) Sugar No 6 FOB (USJ/tonne)196 words
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Article566 1989-12-09 6 MALAYSIAN CRUDE PALM ON. FUTURES finished steadier on the Kuala Lumpur Commodity Exchange yesterday aa prices recovered from the recent downtrend on some pre-weekend short-covering, dealers said. Despite the mixed overnight Chicago Board of Trade, trading sentiment was boosted by India'a purchase of 6,000 tonnes of rbd palm566 words
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Article2073 1989-12-09 6 AT CONVENTIONAL WHARVES VmmI Voy No twfiAntvai Departure Kippfl Wl>x »>i I Kit nlD»9«di Ot 12/ 1830 !r- 7 m 1112/ 2300 fetoowyo Vt» »l K2* nlnngmk 0*12/ 2300 *y. i*L <+*9*+ 0112/ Its U2 1412/0400 Coral *eo« 4*7 »l KM otoagHd* 0112/1746 (quo** 30**t KX otoagHd*2,073 words
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COMPANIES & MARKETS
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359 1989-12-09 7 LIM MUI KHI - By LIM MUI KHI KAMUNTING CORP's 129 million restricted share offer has been less-than-half subscribed, saddling managing underwriter Arab-Malaysian Merchant Bank (AMMB) with the balance. Analysts cited the huge size of the issue as the main cause for the dismal response. Acceptances were received359 words
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Article, Illustration469 1989-12-09 7 MBT MENANG CORP's 4,136-hectare land reclamation project costing Ms27o million In Pedis is forecast to start generating cashflow from 1904 or 1995 when development on the reclaimed land takes off. The project will be undertaken by Perils Land (PL) a joint ventureMBT - 469 words
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312 1989-12-09 7 NST BFG SIME Aerospace Sdn Bhd, which repairs and overhauls aircraft Instrument, avionics and non-tyre aspects for Dunlop Malaysia Industries Bhd (DMIB), has opted for voluntary liquidation because the letter's partner, Michelin Aircraft Tire Corp (MATC) of France, is only intereeted in theNST - 312 words
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308 1989-12-09 7 MAGDALENE NG - By MAGDALENE NG WAH CHANG Electro-Plating's (Wepco) directors have advised long-term shareholders to reject the takeover offer by Clean Systems (S) and short-term shareholders to sccept the offer. In s circular issued yesterday. Wepco chairman Ho Rih Hwa, on advice of merchant308 words
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Article, Illustration225 1989-12-09 7 GUTHRIE QTS has terminated the share placement agreement with Smith New Court Securities following the aborted purchase of the Shahzan Tower office complex in Kuala Lumpur. Last month, Taras Holdings, the owners of Shahzan Tower, failed to enter into a225 words
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390 1989-12-09 7 MBT WELL-DIVERSIFIED Multi-Pur-pose Holdings Bhd (MPHB) may soon see two new faces in its upper management in Cheah Yoke Phow of Permata Merchant Bank and Khaw Chay Tee of legal firm Alan Gledhill. They are expected to join theMBT - 390 words
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384 1989-12-09 7 QUAK HIANG WHAI - By QUAK HIANG WHAI DAIWA SECURITIES, which launched Its US$l32 million Asia Oceanic Fund yeeterday, will invest about 30 per cent of the proceeds on the Singapore and Malaysian stock markets. In addition, the Daiwa group plans to launch another US$5O million384 words
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196 1989-12-09 7 MBT HUME INDUSTRIES Malaysia has bought a sizeable stake in refrigeration and air-conditioning group, OYL Industries. Sources say Hume has accumulated 50 per cent of OYL's paid-up capital of 16.5 million Msl shares. The highest price paid for the stake was MMBT - 196 words
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261 1989-12-09 7 Reuter SWISSAIR-SCHWEIZERISCHE Luftverkehr AG said it was close to finalising a cooperation agreement with one of three Asian carriers. Asked if a deal was close, Swissair spokesman Hannes Kummer said: "That's correct.'' Mr Kummer named the three possible partners as Singapore Airlines. ThaiReuter - 261 words
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Article184 1989-12-09 7 LUM CHANG Holdings said that ths subscription price of the company's transfersble subscription rights expiring on Dec 20, 1993, will be sdjusted to 73 cents from 80 cents, effective Dec 22. This adjustment reflects shareholders' approval yesterday of a one-tor-10 bonus issue. The SES has given in-principle approval184 words
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Page 7 Advertisements
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Advertisement204 1989-12-09 7 S <$$>3)u/iont PA HIS ■..•#!>*.%. M\ jISPI V. »V. Customized writing: collection, gold plated taih black Chinese leaver. MfoUmb. f *U .i'^P'f »-.y -m'sh w fcgfc iff»%&&.'il'%t J X""'*J"H- f *>— |g| BP" to.-. Jj* Jv^?r fr'f j»v, r*, P» v > *f" ~i' «4».» i 1 > >: yr.-.:204 words
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SES
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Article, Illustration792 1989-12-09 8 Abdul Hadhi - by Abdul Hadhi THE TECHNICAL CORRECTION which market analysts had been predicting for the past two weeks interrupted the week-old rally on the Singapore stockmarket yesterday. Share prices generally closed mixed, with profit-taking well absorbed by the market. Analysts said the correction792 words
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Article239 1989-12-09 8 Rises Inno-Poc Wrt» 36 7.5% 2)4 Hong Fok 320 7.0% +21 Inno-Poc TS* 94 57)4+4.5% +2)4 OAF Ltd 40* 60)4 +4.3% +2)4 ANA Hotels 299 +4.2% +12 ICS 680 +3 8% +25 OUE 860 +36% +30 Inno-Podflc 120 +3.4% +4 Bonvost* 50* 134 +3.1% +4 S Steam Wrti239 words
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Article238 1989-12-09 8 Rises TDM 96 +15.7% +13 Ton Chong 50* 196 +8.3% +15 A I S ft 50* 191 +7.3% +13 Plteon fthd 50* 192 +7.3% +13 Hoxza Cofpn 50* 95 +5.6% +5 Now Sorcndah 190 +5.6% +10 N ft T 105 +5.0% +5 Larvt Tin 172 +4.9% +8 M238 words
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Article306 1989-12-09 8 Monogcn' prices for Dac 0 Royal Trust Asset Mgt *T S'por* Gr Fund 0W ON* IT Asio-Poc Gr Fund 1.12 1 18 Singapore Unit Trust TKe Commerce 123 130 OCBC-SIMBl Investment The Savings Fund 106 1 12 Savers Capital Fund I II 114 S pore Frog Fund 047306 words
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Article65 1989-12-09 8 CI HOLDINGS Bhd: 11th AGM at the Chempaka Room. Mezzanine Floor, Hotel Equatorial. Jalan Sultan Ismail, ***** Kuala Lumpur, today at 9.30 am. TASEK CEMENT Bhd: 26th AGM at the factory. Tasek Industrial Estate. Tasek Drive, Ipoh. today at 11.30 am. POLYTEK WEARNEB Holdings Ltd: EGM at the65 words
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306 1989-12-09 8 SES SHARE INFO SESDAQ STOCKS Qf's Or'* 19W 1 Vol Day La* Quote Mv Mv V*M Not II Cap High Low Codo Company 8ala or- ('000) High Low Buyar Sailor Cvr P/E SmH DEC 00 SESOAQ 178* 80* t 4000 Amtafc Er>fl 2C* 1S6 +1 41 150 196 167 tu306 words
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Article5822 1989-12-09 8 SES SHARE INFO S'PORE STOCKS Ofa Qr*o im t«i Last Vol Day Laal Quota Mv Otv rid Nat M Cap High Low Coda Company tola or- COM)) Low toy* Sadar Cw P/l W DEC Ot DEBENTURES, BONDS, LOANS 330 124 t 1543 CK Tang Wt 1900 320 -0 1 3205,822 words
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Page 8 Advertisements
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Advertisement9 1989-12-09 8 w (MfcnraLjl <rt (y|^oS3 W* Hotel Equatorui. Td: *****319 words
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KLSE
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Article, Illustration3536 1989-12-09 9 MBT FOR THE SEVENTH straight session, bulls emerged the winners on the Kuala Lumpur stock market yesterday as they bulldozed their way to new ground in briak trading. Reflecting the sentiment. the 30-counter New Straits Times Industrial ordinary share index rose 7.92 points to close theMBT - 3,536 words
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Page 9 Advertisements
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Advertisement16 1989-12-09 9 A Sichuan Culinary Heritage Y l at Golden Phoenix 1 tf Hq(H Equatorial. Trt 7320*31 J16 words
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REGIONAL MARKETS
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Article, Illustration1181 1989-12-09 10 Hongkong SHARE PRICES closed easier in quiet trade yesterday with brokers blaming lack of intereet (Or the unspectacular trade. The Hang Seng Index shed 15.89 points to 2,754.11. "We're holding sbove the 2.750 level, and being sold above that level," a broker from an1,181 words
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Article, Illustration477 1989-12-09 10 Tokyo Reuter A TECHNICAL correction end soms sarly Indexlinked aelllng dragged Tokyo share prices down yesterday, giving pause to sn slmost uninterrupted four-week rally. Trade was brisk, with heavy turnover in steel and mining sectors. Brokers noted rotational buying through many sectors. "The market is going throughReuter - 477 words
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Article, Illustration443 1989-12-09 10 Australia Reuter AUSTRALIAN sheremarkets finished the week on en easier note in featureless treding yesterday as index futures moved sharpty lower. The All Ordinaries Index moved 10.3 lower to 1,824.0. Loeees were concentrated in the induetrial sector where the All Irv dustrisls lost 22.3 to 2,578.5. TheReuter - 443 words
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Article80 1989-12-09 10 Reuter NEW ZEALANO shares partially recovered from a morning sell-down to end only slightly lower on the Barclays index at 2,008.64, down 6.26 points yeeterday, brokers said. Turnover in Brierley Investments was heavy, with 23.14 million eharee, worth NZ545.60 million, trading. One broker said one DroningReuter - 80 words
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Article220 1989-12-09 10 Reuter THAI stocks rallied to a new all-time high yeeterday aided by renewed buying of cement and mining blue chips and reports of a planned capital Increase and share split by Stsm City Cement, brokers said. The SET Index gained 10.06 points to a record 793.66 withReuter - 220 words
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Article357 1989-12-09 10 Reuter THE TAIWAN slock index ended at the day's high yesterday, with all shares up and inveetors In a buoyant mood, dealera said. The weighted Index jumped 300.30 points, or 4.8 per cent, to finish at 8.513.00. Turnover stood at NT$OO billion against NTSBB.O6 billion. DealersReuter - 357 words
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Article252 1989-12-09 10 Reuter SEOUL stocks Ml acroaa the board yesterday after fluctuating wildly on rumoura tha govarnmant might take atrong atapa to vitaliaa tha market, brokers aaid. Tha compoaite indax lost 12 pointa by mid-day, but recouped moet of the iosaea before falling back to cloae at 864.90, downReuter - 252 words
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Article194 1989-12-09 10 Reuter SHARE PRICES roae sharply in Bombay yeeterday after new Induatry Minister Ajit Singh waa reported aa saying hia government would puraua liberal economic policiea. Brokera aaid Mr Singh'a comments that hia priority would be to stimulate induetrial growth and inveatment, reported in economic newapapera, boosted sentiment.Reuter - 194 words
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167 1989-12-09 10 Reuter TAIWAN'S revered big stock players, who rejoice in nicknames like Mr Thunder and Little Devil, on Thursday pulled the market out ot a plunge with a well-timed buying surge, which gave hope to millions of small investors. By the half-way mark ofReuter - 167 words
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Page 10 Advertisements
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Advertisement458 1989-12-09 10 NOTICES IN THE MATTER OF THE COMPANIES ACT, Cap. SO AND IN THE MATTER OF TAUBMANS PAINTS SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE la hereby given. In pursuance of Section 308 of the Companies Act, Cap. 50, that the FINAL GENERAL MEETING of the members of458 words
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Advertisement436 1989-12-09 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 80 AND IN THE MATTER OF TEMPCOOL TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 143, Kattang Way 1, Singapore 1334, on the436 words
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Advertisement310 1989-12-09 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 80 AND M THE MATTER OF PACER ENGINEERING PTE LTD (In Member*' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of tie members of the abovenamed company duly convened and held at 143, Kallang Way 1, Singapore 1334, on the310 words
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Advertisement303 1989-12-09 10 M THE MATTER OF THE COMPANIES ACT, CAP. 80 AND M THE MATTER OF AJR-QUIP EQUIPMENT (PTE) LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary Ganaral Meeting of lha members of tie abovenamed company duly oorv vanad and held at 143, Kaßang Way 1, Singapore 1334, on303 words
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Advertisement874 1989-12-09 10 o uuegpasyi in MALAYAN CEMENT BERHAD (Incorporated in Malaysia) ANNOUNCEMENT TO SHAREHOLDERS In compliance with the Malaysian Government's policy as announced by the Honourable Minister of Finance on 27th October 1969 and the requirements of The Kuala Lumpur Slock Exchange ("The KLSE") on the delisting of Malaysian Incorporated companies from874 words
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WORLD MARKETS
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Article, Illustration845 1989-12-09 11 New York Reuter WALL STREET stocks dropped sharply in Ist* afternoon trading on Thursday, with soma sail programs activated altar Pennzotl said it waa not intaraatad in taking over Chevron, traders said. Chevron, one of the stocks in the Dow 30, waa down mora thanReuter - 845 words
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Article, Illustration842 1989-12-09 11 London Reuter LONDON shares started slightly softer yesterday as traders took some of the substantial profits made this account but business was subdued with few institutional sellers seen. A weak Wall Street dampened enthusiasm but the market was more concerned with key U8 employment data, dueReuter - 842 words
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647 1989-12-09 11 UNUSUALLY HIGH NUMBER OF CARS RECALLED THIS YEAR AP DESPITE their reputation for high standard*, so many Japaneee car* have been recalled to repair defects this year that their government gave carmakers an unusual warning on Thureday to keep a stricter eye onAP - 647 words
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267 1989-12-09 11 AP AMERICAN EXPRESS CO is preparing to pump up to US$l billion into Bhearson Lthmtn Hutton inc. its beleaguered brokerage operation, according to reports published on Thursday. Unidentified sourcee cited by the Wall Street Journal and the New York TimetAP - 267 words
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Article1459 1989-12-09 11 ZURICH: Swiss shsrss traded easier in listtees trsdlng around mid esssion yeeterday. Volume was low and investors remained at the sideline, discouraged by Wall Street's weak cloee and by high Swiss intereet rstee. The all-ehare Swlse Performance Index stood at 1,142.9 against an Initial 1,146.3 and 1,147.41,459 words
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282 1989-12-09 11 Reuter PENNZOIL, flush with cash from its 1967 Isgsl victory over Texaco, said on Thursday it may boost its holdings in Chevron, recently saan as a takaovar targat, to as much ss 18 par cant of the outstanding stock. Houston-based Pennzoil hssReuter - 282 words
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Page 11 Advertisements
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Advertisement6 1989-12-09 11 ftZfl Every Tuesday J TECHNOLOGY page6 words
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Advertisement424 1989-12-09 11 AYER HITAM TIN DREDGING MALAYSIA BERHAD (Incorporated in Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of members of Ayer Hi tarn Tin Dredging Malaysia Berhad will be held at Cempaka Room, Mezzanine Floor, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur,424 words
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501 1989-12-09 12 Reuter NEXT YEAR will be one of slower economic growth, lower inflation and lower interest rates worldwide, Salomon Inc unit Salomon Brothers Inc said in its annual financial markets outlook. "In the US, continued deregulation and a trend towards higher corporate investment (asReuter - 501 words
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408 1989-12-09 12 Reuter THE EUROPEAN COMMUNITY looked set yesterday to send a strong message of support to Soviat laadar Mikhail Gorbachev and to pledge cloaer political snd aconomic tiaa with reforming statas in Eastern Europe. A draft declaration, obtainedReuter - 408 words
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Article, Illustration548 1989-12-09 12 AP AFP JAPANESE Prime Minister Toehlki Kaifu said yesterday that Tokyo hoped to improve its ties with the Soviet Union, but the Cold War was not over snd Japan must taks the initistive in fostering democracy and peace in Asia. MrAP; AFP - 548 words
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Article29 1989-12-09 12 Is looking for products to be sold in the German speaking countries. Please contact Mr. Peter Schultz. Handelskontakte, P.O. Box *****2, D-2800 Bremen 34. West Germany.29 words
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283 1989-12-09 12 WESTERN EUROPEAN governments plan to announce an agreement later this month to create an enlarged European common market that includes 18 nations, not just the 12 in the European Community, diplomats and EC officials in London said in recent days.283 words
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346 1989-12-09 12 Bernama TC CONVENTION and Management Sdn Bhd, the company which runt the Putra World Trade Centre in Kuala Lumpur, said on Thursday that the PWTC's total development expenditure from June 1, 1961, to Oct 31. 1965, amounted to over MS3IOBernama - 346 words
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Article94 1989-12-09 12 NYT THE MINIMUM monthly wage level for contribution to the Central Provident Fund should be raised above $400 from its current level of $200, in the view of labour leader Lim Boon Heng. The deputy secretary-general of the National Trades Union Congress believes that this willNYT - 94 words
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361 1989-12-09 12 AL O LABITA, Jr - By AL O LABITA, Jr AN ANGRY President Corszon Aquino yesterday linked two Opposition leaders and her cousin to the iateet coup attempt in the Philippinea. Addreeaing a prayer rally in suburban Pasig, Mrs Aquino identified the three aa Philippine Vice-President361 words
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465 1989-12-09 12 LILIAN ANG - By LILIAN ANG OIL COMPANIES, now free to determine their own pump prices, have started playing a cat-and-mouse game with each other, though the prices they set are largely similar. And even aa they play the waiting game, trying not to be465 words
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98 1989-12-09 12 AFP THAI DEPUTY Prime Miniater Bichai Rattakul la due to viait Myanmar (Burma) in January to discuss bilateral trade and economic issues with Yangoon (Rangoon), a Thai Foreign Ministry official said yeeterday. Mr Bichai't trip, which is scheduled for the "third week of January",AFP - 98 words
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Article90 1989-12-09 12 Reuter COMEX gold futures yesterday morning fell on profit-taking in the absence of follow-through buying on Thursday's sharp rally. The February gold contract was down US$2.OO to U*****.00 an ounce. Analysts said the selling stemmed from profit-taking after Thursday's rally partly on con- cern that theReuter - 90 words
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LATE FILE
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Article53 1989-12-09 12 Reuter CHINA yeeterday stopped up tts shrill attacks on Weetern nations, accusing tham of promoting "coloniallam and hegemoniam" and of etruggling to overthrow Communiat Party rule. It aatd that davalopad countriaa, led by tha US, "revealed that nothing haa changed in their colonialiat andReuter - 53 words
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Article44 1989-12-09 12 AFP A FOUR-DAY Sino-Britiah diplomatic aeaaion on Hongkong ended in the territory yeatarday with the two aidaa (ailing to iron out their dlfferancaa on major iaauea. A Chineae aource reiterated Beijing'a condemnation ot London'a alleged movea to "internationaiiae" Hongkong.AFP - 44 words
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Article31 1989-12-09 12 AFP ESTONIA ia likely to follow Lithuanian example and abolieh the Communiet Party's conatitutional monopoly on power, aocording to a reported announcement by party ideologue Mikk Tiitma.AFP - 31 words
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Article56 1989-12-09 12 Reuter MOVES to put one of Alan Bond's companies into receivership and further delays to a stalled multi-million dollar brewery deal spelled yet more trouble for his group yesterday when Adelaide Steamship, a shareholder in Bond Corp's 58-psr-cent-owned Bell Reeourcee, asked a Perth court toReuter - 56 words
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Article54 1989-12-09 12 Reuter MAX Grundig, famed for the quality high-fidelity systems and radios bearing his name, haa died in a Nuremberg hospital aged 81. A self-made man, Grundig built his firm up after World War II to become a market leader in home entertainment products and a symbol ofReuter - 54 words
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Page 12 Advertisements
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Advertisement230 1989-12-09 12 m Send some a good news tins Christmas. Singapore s doing fine. "m are plenty. These are good So this Christmas, send PM, doae to tear*, talk nation: People—they're some good news from home j <s"pareans must about home to someone overseas. h ave conviction To your son or daughter230 words
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Executive Lifestyle
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Article, Illustration1573 1989-12-09 13 HARISH MEHTA - Phillip Knightley, author of best-selling espionage books, is in the same millionaire-league as John Le Carre and Len Deighton. But he writes fact, not fiction. HARISH MEHTA interviewed the writer, who came out of the cold last week to Singapore, about his scoop interviews with the British spy1,573 words
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Article, Illustration689 1989-12-09 13 A SURENDREN - ENCOUNTERS By A SURENDREN IT WASN'T so much a case of glasnost that led Princess Masha Magaloff to leave Russia, but a different form of perestroika. The princess's family were rulers in the State of Georgia for many generations, but the Russian Revolution in689 words
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Article280 1989-12-09 13 A COLLEAGUE mat three people who work with Nina Ricci. Paris, and gave them each hia name card. In return, the MD gave him his about double the size of our company's calling car da. Then another director gave him hers double the size of the280 words
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Page 13 Advertisements
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Advertisement5 1989-12-09 13 Maintaining Nina's figure, Paga Savan5 words
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Advertisement155 1989-12-09 13 222 5544 222 8844 Hong Leong Finance Singapore Finance;h/L oJfwy WOlit 9 0147 CPttTj u i U|, T jom; ir d,/tMI^7HHMI J&is ffWKKKMr^ SINGAPORE: B( RBERKYS SHOP IN SHOP. HALLEVS. Orchard Building. 1 Grange Road. Singapore 0923 Tel: *****57. Authorised Dealers DAIMARL' ISETAN Havelock. Orchard LE CLASS IQI F NAN155 words
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Commentary
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Article, Illustration1135 1989-12-09 14 MARTIN SOONG - MARTIN SOONG Tho mHsr It on sr. Potto*! and Economic* Daak. Ha colored Prima Minister Laa'a llbal ault agalnat tha Far Eaatmm Economic Raviaw. LARGER STORIES often emerge from controversial court casee. Take Prime Minieter Lee Kuan Yew's recent libel suit against the1,135 words
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Article, Illustration1637 1989-12-09 14 NEVILLE STACK - Fine, they lost the wars but they'll win the peace NEVILLE STACK 77m wtitat was editor at Mm Letceeter Mercury, a big dally paper. Until recanttyhmE waa an atutorial consultant l#j* 77m Straltß Time*. Ha la now E writar, conauttant and commentator In England. LIKE THE SPECTRES that came in1,637 words
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510 1989-12-09 14 Bruce A - letters to the Editor Bruce A OATX TtmUneL Dear Sir, I would like to Indicate our company's support for the points raised by Mr Paul Dekker in hie speech to Petrochem '89 and reported in Business Times on Nov 17. The subject of510 words
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190 1989-12-09 14 J Chr Anderseen - J Chr Anderseen Singapore Polymoi Corp (Pie) LM Dmt Sir, I refer to your report "Singapore Polymer to set up three plants in the region" (BT Dec 4). In it was reported that Singapore Polymer will spend up to US$l5 million to set up190 words
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Page 14 Advertisements
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Advertisement18 1989-12-09 14 Man: the true picture; KkIZIAIIOAX® THE KRIZIA BOUTIQUE 127 129 tanglin road, tudor court, Singapore 1024. Tel *****41.18 words
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Advertisement55 1989-12-09 14 BT wetcomM letters >|^|S from reader*. Your X 5 letters must Include 2 your signature, full J name, address, and home T LwwJa and office telephone 1 numbers. If any. You may j add a pseudonym, If you wish. V i Address your letters to: The Editor, Business Times, 390,55 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration1090 1989-12-09 15 SHOEB KAGDA - Ron-Tiki. The trip is legendary. SHOEB KAGDA meets the legend. SHOEB KAGDA IXrfiTARTED as a challenge. To cross tta Pacific Ocean from the coast of Peru t&iJhe Polynesian Islands some 8,000 kUometres away on a balsa raft to peeve a point. '.Jhat was in 1947 and1,090 words
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Article, Illustration779 1989-12-09 16 N K YONG - By N K YONG THE TRADITIONAL way of making Barolo, the King of Italian winea, involved prolonged fermentation, sometimes well over a month, followed by a very long aging period, sometimes up to eight years, in huge (600 to 900 gallon-capacity) old casks779 words
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Article, Illustration1166 1989-12-09 18 A SURENDREN - You went to see the last movie you saw because you wanted to. Or did you? A SURENDREN talks to Hy Smith, senior vice-president, marketing, of United International Pictures, about those irresistible ad campaigns and his company's coming attractions. A SURENDREN WHY DO YOU watch a movie?1,166 words
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Article, Illustration1098 1989-12-09 18 CHRISTOPHER TAN - Rapture of the deep in the living room AQUARIUMS By CHRISTOPHER TAN JACQUES COUSTEAU and Flipper would have approved. An aquarium system so advanced its designers dare claim it ensures not only the survival but also the proliferation of the most delicate denizens of the deep corals. Up to as1,098 words
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SHORT TAKES
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Article, Illustration229 1989-12-09 19 IT WAS s long way from Prague and their comrades for six Czech modela who doffed their muakrat hats to slither acroea a stage in black bodysuits and chunky jewellery on Tueeday night. And while they may not have been Broedway slick, they still did229 words
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86 1989-12-09 19 THE CHURCH OF tha Rtaan Christ Choir will be part of tha muaical drama. My Country, My Singapore, which ushers in the new year aa well aa Singapore'a 26th anniversary celebrations. The programme, to be held on New Year's Eve at the Singapore86 words
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117 1989-12-09 19 TO THEIR credit, Canadian duo Kon Kan managed to rouae a very apathetic Singaporean crowd from its customary stupor at their by-invita-tion-only performance at Ridley's. An audience standing around with folded arms waiting to be entertained can be a very daunting sight to performers117 words
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41 1989-12-09 19 HOME-GROWN talent will tain tha staga with original compositions at Plaza Singapura. Coma Monday at Bpm, the H* Connaction will perform tracks from their recently-releaaed album. Symphonic. Tha hour-long performance la at tha Yamaha Combo Shop.41 words
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Article153 1989-12-09 19 ONE whole month of Malay culture will be showcaaed aa part of the celebrations to mark Singapore's 25th year of independence. Called the Malay Cultural Month, it will be launched at the Malay Village in Qeylang Serai and held from Feb 25 to March 24.153 words
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58 1989-12-09 19 SBC Radio services will take a leap forward aa we enter a new decade. Come 1090, the corporation will make significant changes and improvements to its progrsmming. For one. there will be additional hours of broadcaat. Also, new radio channela will occupy the airwavee. All58 words
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Article, Illustration1024 1989-12-09 19 RAQINO SLAB: Reglng Slab (RCA) RAQINQ SLAB makes no excuses for looking and sounding like a scuzzy bunch with nothing much to say and planty to shout about. They play a special blend of Dixie-fried rock with fiery bravado. Imagine a chainsaw buzzing1,024 words
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Article, Illustration264 1989-12-09 19 A SURENDREN - FASHION' By A SURENDREN FIVE BILLION FRANCS (US$B25 million) is a lot of money to pay for clothee, however stunning. That's the figure for Nina Ricci's worldwide sales annually, said Bernard Eloy, vice-president of the French fashion house. Salee of Nina Ricci fashions, accessories and perfumes is264 words
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Article, Illustration275 1989-12-09 19 RIZAL AHYAR - By RIZAL AHYAR THE KARL LAGERFELD show hold horo rocontly was a prosontatlon of tho doslgnor's Istost Spring/Summor 1900 colloction whore tho look was loan and tho inspiration romantic and feminino, but tho baso was rooted in simplicity. His now Empire Lino silhouette created275 words
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Article, Illustration506 1989-12-09 24 SAMUEL EE - CINEMA By SAMUEL EE NAME TOOTHPASTE "Darkle" and they call it "discrimination". Poke fun at the deaf and blind and they call it See No Evil, Haar Mo Evil. Yes, it's that really funny movie that: one flogs a dead horse by giving the by-now lacklustre506 words
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Page 15 Advertisements
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Page 16 Advertisements
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Advertisement787 1989-12-09 16 Where tvmtertain... Where tv t ,;Wp« ■onn Theatre Restaurant Adult: $16.50 Child under 12: $10.00++ Plaza Hotel SIfICAPOKE Beach Road Singapore 0719 TH *****11 a 24-hr (Level 5) \AI here the service is good. WW the ambience great. the food simply marvelous I An experience youl not forget. A choice787 words
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Advertisement196 1989-12-09 16 -Affciiw Gvv»(A> tjfariO&yC&cMfkA NOVEMBER 24 DECEMBER 9 vV &yIBnWN^ /a/fr Join master chef Rene Mommejac from France for life's more pleasurable pursuits, sth Floor at The Stables. And enjoy a complimentary dessert if you're a Diners Club member. j5 < &fomdmn DO fflwyvK htfctnff difwin. 333 Orchard Rd. Singapore 0923196 words
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Executive Lifestyle: Pursuits
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Article, Illustration416 1989-12-09 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG TRUE LOVE never dies. Fourchettes knows full well and, henceforth, settled for the perfect choice the grill. Its devotion to this classically simple style has evidently paid off; for faithful followers abound everyday, including Sundays. But a previous flirtation with the416 words
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Article, Illustration1077 1989-12-09 17 ROSHAH AMIR - oy ROSHAH AMIR STAGE PERFORMANCES: Www In ffce Dark Aklra'e X'mae Concert Akira Takahaahl perforata hia own creation, Flown in the Dark, to raiae funds for the National Kidney Foundation. Sponsored by Sheraton Towera. tickets are aoid at $100 perperaon. Dec 14, from 7.30pm to 12am at Sheraton Towers,1,077 words
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Article, Illustration1038 1989-12-09 17 RICHARD SEAH - HEALTH By RICHARD SEAH The writer la editor of The Good Lite, a health magazine. The view* expreeeed In this column are peraonal. HO! HOI HOI Don't be angry. For the past two months. I had baan angry. I had baan angry with someone whoPUNCH - 1,038 words
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Page 17 Advertisements
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Advertisement135 1989-12-09 17 l==— entertain.... J dj)ubertufi IE I Every Sunday I I Themes A I Family Feast I In The Paek. I At the Hubertiu Grill, Sunday brunch u> a great outing for the family. A glorious buffet spread if laid HI out for both grown upj and children. And to make135 words
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Advertisement63 1989-12-09 17 /C> LUNCH IN THE OPEN. BY THE POOL, 10 IN THE <& Wk CITY. 1 A breezy sea-view lunch is served daily at Marina Mandarin's Open Air Pool Garden, sth floor. Ala Carte Menu plus Chefs Recommendation available. Try "New Sensation", a yoghurt drink served in 5 different fruit flavours.63 words
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Page 17 Miscellaneous
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Miscellaneous543 1989-12-09 17 (aatp^saagtias) tie woman (2. 1, 6) —h| |m|^HmJ —aBl lH Hi tfl tion (9) having rowa*(6) 29 Alleged to have dreased one myself In It (7) having material, in ACROSS: 4. Al-Bert. 7, YsetSTday*. 32 Having P*M*nJ y 0 01 the garden (7) Top level. 8, Beck up. 10. Easy543 words
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Page 19 Advertisements
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Advertisement151 1989-12-09 19 Elm*o»wn» ««iUs 1697Mo*BrSM»«nusVoir When I won the Tchaikovsky competition, I was thrilled. Later came the Avery Fisher prize. I was overjoyed. Now I play a Stradivarius on the concert stages of the world. And Ive reached the point of Delirium; CONCORD. Too*v CONCOHD oawur IS TX PEBFECT W*TO ii.TMna.vn DEALERS151 words
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Executive Lifestyle: Sports
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430 1989-12-09 20 CHARLES SAVAGE - GOLF By CHARLES SAVAGE THE Dunhill Cup toes off to a now format next yoar when 25 countries will play a qualifying tournament here for one of eight places in the US$l-million final to be played at St Andrews from Oct 11-14.430 words
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Article, Illustration400 1989-12-09 20 BASKETBALL Agencies BUCK WILLIAMS had a Masonhigh 23 points and 17 rebounds, loading the Portland Trail Blazers to a 96-86 victory over the Charlotte Hornets on Thursday night. Ten of Williams' points came in the third quarter, when the Trail Blazers openedAgencies - 400 words
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370 1989-12-09 20 AP THE TEAMS of Clark BurroughsLance Ten Broeck and Jim Rut-ledge-Mike Smith shared a onestroke lead at 12-under-par 60 after the first round of the US$6OO,OOO Chrysler PGA team championahip on Thursday. Rutledge and Smith, who tied for third place last year,AP - 370 words
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Article263 1989-12-09 20 YACHTING AFP THE ENGINEERS who developed France's latest war plane are now working to build the French challenge for the next America's Cup yacht contest in 1902. The first version of the French monohull, which is being built at ths western France port of Vannes,AFP - 263 words
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Article, Illustration437 1989-12-09 20 BOXING AFP SUGAR RAY LEONARD replayed a nina-year-old script in Las Vegas on Thursday and got the same result, except that this time Roberto Duran did not quit Leonard, whoee taunting and evasive boxing worked Duran into a frenzy during their firstAFP - 437 words
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319 1989-12-09 20 AP SOME PEOPLE recognlae tha nama of tha man who apina tha "Big Six" wheel at the Marina Hotel and Caaino. Some might have even aeon Joey Maxim beat Sugar Ray Robinaon. To others he's just another cog in the gambling machine thatAP - 319 words
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Article, Illustration522 1989-12-09 20 JEROME FANDOR - on TMCK JEROME FANDOR CHAMPION TRAINER Teh Choon Beng has dominated this seaaon with his inexorable charge to the century mark of winners. This he schieved last weekend, when Daredevil landed him his hundredth race-win of the year. The record522 words
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346 1989-12-09 20 CRICKET AFP GIANT AUSTRALIAN batsman Tom Moody smashed his maiden test century yesterday to spoil Sri Lanka's brief hour of glory. At stumps Australia was 178 for two with Moody on 101 and Allan Border on 54. Captain Border played second fiddle toAFP - 346 words
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Page 20 Miscellaneous
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Miscellaneous1402 1989-12-09 20 OAI U K L/A I Sunday, Dtc 10th, t3om J* UMOT m BUMnln con,rovw,,al r wfAtt R«aoiflA utW5 M B d IF Mnnriiv Doc 11th 4 30am BBC Ken BJakeson's play shows us the lives of rT^S-—■-.- r«i',n*lmftin* soldier's wives in the Weak setting of army 1,60 ernn 5 u>unierpoim1,402 words
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Executive Jobs
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618 1989-12-09 21 SHOEB KAGDA - -*r SHOEB KAGDA FRESH GRADUATES joining com pan iM to do computer-relat-ed work this yssr wsre paid median salariss that were 16 per cent higher than those swarded last yesr. Those holding dlplomss slso snjoysd highsr sslsriss 14 per cent more thsn those who started618 words
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Article, Illustration407 1989-12-09 21 LAN PfUNGLE is the new managing director of Castrol (Far East) Pte Ltd, replacing Larry Smith who will return to UK to head Castrol UK. Mr Pringle will be responsible for the company's operations in the Far East, including Singapore, Taiwan, Philippines, Indonesia, Brunei. Burma and Vietnam.407 words
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Article85 1989-12-09 21 IT or information technology will be a critical driving force behind the economy as Singapore enters the Information Age. The number of IT professionals has increased by 10 times since 1960, reaching 8,300 last year. An estimated 1,000 IT specialists are required each year between85 words
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349 1989-12-09 21 ANNA TEO - By ANNA TEO HEADHUNTER PA Consulting Services, which underwent a major change at the helm early this year, is on the hunt for executives to fill vital slots within its own ranks. To expand its recruitment activities, the executive search and management consultancy firm advertised last349 words
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Article, Illustration1482 1989-12-09 21 DAVID MARCHINGTON - It's the job-hunter's market in today's labour-tight economy. To get the best brains, companies must sell themselves effectively to prospective employees. That is crucial, says DAVID MARCHINGTON of Korn/Ferry International, as recruitment is also a major public relations exercise. DAVID MARCHINGTON David1,482 words
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Page 21 Advertisements
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Advertisement118 1989-12-09 21 DHL IN THE NEWS Advertisement DHI tn nlau Qonta The San,a Pack promotion, IU pidy Odl lid launched on October 20 to beat the Christmas rush, will run until December 31 onnsimas 18, enabling customers to send gifts to any of DHLs 175 country destinations. DHL will play Santa Claus118 words
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Advertisement210 1989-12-09 21 We are an established organisation with an impressive record of growth and success. To provide greater impetus to our ambitious and exciting development programme, we are looking for a dynamic and experienced female Telemarketing Manager to bring the business into its next phase of growth. Your role will be to210 words
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Page 21 Miscellaneous
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Miscellaneous33 1989-12-09 21 Hi-tßee FOR [TulO R>R Y ~.fWD ON£ fO(? f*>S BRiSTOW \Vn« .FUDGE... ViR OOCS J II x Tne .J v 1/ II iSOBO ?aJ) I a > r" V v v ">7« I @MM*«MMPmii»nw33 words
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Executive Lifestyle: Investment and Finance
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1570 1989-12-09 22 ALVIN TAY - PERSONAL FINANCE Who is paying the highest interest rate for Singapore dollar deposits? Business Times surveyed the whole market on Thursday and came up with the answer. Financial Editor ALVIN TAY analyses the results. ALVIN TAY BONUS payment is1,570 words
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663 1989-12-09 22 INTERNATIONAL EQUITIES FT WITH THE INTERNATIONAL bond market in the doldrums, companies which look to equities for solace are finding they must work hard for their rewards in the international marketplace. The overseas market for new stock issuesFT - 663 words
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Don't quote me......
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Article176 1989-12-09 23 SINGAPORE, which sent s trad* mission to Moscow two weeka ago, is not th* only rsgional country eyeing ths business potential in th* communist superpower. At around the time the Singapore mission waa braving the winter chill of Moscow and Vladivoetok, Indonesia's richest Chinese Liem Sloe Llong176 words
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Article156 1989-12-09 23 MR LIEM seems to be everywhere theee days. Recently his First Pacific group turned up as the surprise winner in the tender for United Overseae Land's United Houae. First Pac, a Hongkong-! ieted diversified conglomerate, ia majority-owned by a tightly-knit group known aa the "Liem investors"156 words
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Article56 1989-12-09 23 THE COMIC BOOK businsss in Singapore recently took a flying leap forward, literally. Singapore Airlines now buys at least 100 comics svery month ss rsading material for Its younger haveners. If the response Is favourabls, and given the craze tor Teenage Mutant Ninja Turtles, more56 words
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489 1989-12-09 23 MARC FABER - By MARC FABER Mr Faber is managing director of Drexel Burnham Lambert (Hongkong) Ltd. MOST PORTFOLIO managers and businessmen dismiss the idea of the traditional business cycle, where recession follows expansion. People talk about a soft landing or a rolling recession, but dismiss a489 words
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Article, Illustration183 1989-12-09 23 SIMON WOODS - -lr SIMON WOODS RECENT market strength suggests the Christmas rush has come early, with the OCBC Index having risen 6 per cent and the Straits Times Industrisis Index rising 7.4 per cent In the past three weeks. The key queetion investors must beSource: Compuchart Services - 183 words
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Article, Illustration883 1989-12-09 23 ANDREA BORCH - ASIAN STOCKS By ANDREA BORCH PUTTING MONEY in the four "Tiger" stock markets of South-ssst Asia ia like giving people a chance to buy into Japan 12 years ago, when the Nikkei Index hit 5,000 points. "It is about investing in theSource: Thornton Management (Asia) Ltd - 883 words
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415 1989-12-09 23 WHAT THORNTON aays sbout the Tigers snd emerging Tigers: Hongkong: Perhapa the world'a leading example of a laiaaez-faira economy, known tor finance and trading. Deapito the upheaval In China in June, trade with China will pick up aa China attempta to regain415 words
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716 1989-12-09 23 WONG KOK YAP - li IK.* z. BB f Wp i 11 .pp PROPERTY PROSPECTS By WONG KOK YAP Mr Wong ia director of property management, Richard Ellta (Pte) Ltd. LANDLORD-TENANT squabbles arm comical when you soo them on television, but these quarrels occur commonly716 words
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Article546 1989-12-09 23 Conversion terms Premium/ A-°-* Prie "<"" 8,2 89 > 1 Opuof>«l~ 'W C mP ny (munlu) Wr*| Sh.r. I Ln,tk U,.tt| C* MX I Ln.*' G I vIZ C K Tang 16.9 3200 5.750 1.00 225 -5 180 J? 1 5 Causey Inv 7.3 0.410 0.885546 words
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Page 22 Advertisements
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Advertisement780 1989-12-09 22 TAKE WIN HOME w ONE OR MORE OF FREE GIFTS 3,575 items I rT FREE GIFTS ITEMS Deposit Dtpow M|i WIN in our Grand Lucky Draw ci nnn orwi Pocket Light/Stereo Headphone/Audio IM n 5I .UUO 52.UUU rieanina TaDes <2 dci W Prize: Complete Range of Philips Products for the780 words
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Page 23 Advertisements
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Advertisement6 1989-12-09 23 Money Trends has bnn held over6 words
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Page 24 Advertisements
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Advertisement8 1989-12-09 24 v V: ■< ■"s'£' J >>» s** |S§| DANNIMAC ——18 words
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Page 24 Miscellaneous
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Miscellaneous637 1989-12-09 24 Überace: Befclad tke Musk, Today. 10.95pm, SBC 5 What's "behind the music" is a walking, talking and singing mass of rhineetones and sequins. If you're going to watch this biography of the flashy entertainer. be sure to have a pair of Ray Bane beside you. Just in case you want637 words
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Miscellaneous1045 1989-12-09 24 SATURDAY 5.56 Kudumba Deepam fry sbc 12 wadcet c E p es) mm&lMSßttm the house so often 7JO PMOp.ning a n<) ISEJSiJ 0 (C. L). Wk*. tk« Ba«. Ted.,. 10.35 DoutotoMNFeatore I >M Th.N~.H~~, B.oopm. SBC 5 Bevond Bodvbuiidina Liberace: Sword and Dragon Sam has a study date with a1,045 words
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