The Business Times, 12 December 1989
1989-12-12
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The Business Times
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Title Section11 1989-12-12 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, DECEMBER 12, 1989 75 CENTS11 words
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Article235 1989-12-12 1 Dow down US STOCKS posted modest losses on the opening yesterday, in line with mild weakness in the bond market. The Dow Jones Industrial Average was down three points to about 2,729. Losers led gainers by a five-to-four ratio. Reuter Footsie down LONDON share prices were lower235 words
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402 1989-12-12 1 DEXTER LEE - By DEXTER LEE SINGAPORE police have been kept busy by the growing number of CBT cases involving futures broking firms which deal in soft commodities traded on overseas exchanges. Jarmal Singh, head of ClD's commercial crime division, told BT402 words
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485 1989-12-12 1 SHOEB KAGDA - EMPLOYERS WARN OF A WAGE COST SPIRAL By SHOEB KAGDA PRIVATE SECTOR employers will be handing out year-end bonuses as big, if not better, than the 2.42-month package the government is giving its 76,000 employees this year. Most employers contacted by BT485 words
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Article, Illustration164 1989-12-12 1 REGIONAL STOCK MARKETS generally roae yesterday, with Singapore share pricee continuing their climb after being interrupted on Friday. The Straits Times Industrials Index roee 3.56 points, to yet another post-Crash high of 1,446.54. The Business Times Composite Index gained 2.16 points to 1,274.73.164 words
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Article, Illustration495 1989-12-12 1 TAN KEE WEE - By TAN KEE WEE WITH THE hotel room squeeze In town, the unfortunate tourist or businessman who misses a connecting flight at Changi Airport these days has to be either a contortionist or a fakir to survive a night doubled up in495 words
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545 1989-12-12 1 SANGEETA MULCHAND - By SANGEETA MULCHAND AFTER THREE YEARS of lethar- i gic growth, the hotel industry expects to hit the jackpot as major national tourism drives in neighbouring countries over the next three years bring more visitors to Singapore. The Republic's hotels are545 words
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586 1989-12-12 1 Reuter THE US sppesrs certain to regain its plsce aa the world's lesding merchandise exporter this year, but a drive to reduce its multi-billion dollar trade deficit has lost momentum, a Gatt report said. US merchandise exports roseReuter - 586 words
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Page 1 Advertisements
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Advertisement57 1989-12-12 1 Nikon The World's Finest Photographic System. I, WfCf/* \iL\ > f'': VnNX J*P flapiß^^Kapß^^^^99p9E9^^^HMk^^^^^^aHH|^^B^^^B "TethnkaHy Superior CoH Products" Fully conforms to MA and USGA rvhngs Bridgestone, one of the world s largest golf ball manufacturers with more than 50 years experience, introduces PRECEPT, the New Distance Ball. MAXIMUM DISTANCE GREATER57 words
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Advertisement181 1989-12-12 1 Full report, PAGE 18 Regional Mkta, PAGE 20 COMPANY SERVICES rfcri\ns?rarri?& SK isssr—« SJJ Jzj rr'rrr ,2 Editorial Comment 8 f Ur d o ters d mlO Walking through the open door What lies ahead deai wlth Indonesian rd flS 2 8 Securities Wrm# Forex —16 Tough^Sen'^'Vn'i'SS" Plans lor more181 words
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Advertisement10 1989-12-12 1 Naraindas brothers buying Asia Radio Building lor $23m, BACK PAGE10 words
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Advertisement82 1989-12-12 1 Nikoii The World s Finest Photographic System Exercise your wit SHARE YOUR WIT and win for yourself six bottles of Pommery French Champagne. All you have to do is write a caption for a cartoon. The details of the Cartoon Caption Contest are on Page 14. Have fun. T T...82 words
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HOME NEWS
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Article, Illustration548 1989-12-12 2 SUZANNE SOH - IMM WILL MAKE SINGAPORE REGIONAL HUB FOR BUYERS By SUZANNE SOH SINGAPORE'S International Merchandise Mart (IMM) will not steal the show from local procurement agencies when It opens in Jurong next May, said local buying agents. Instead, the wholesale mart may be just what548 words
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Article364 1989-12-12 2 Seminars and courses Dec 12 Strategic Thinking for Regent Hotel Pacific Institute *****75 Strategic Planning Inc Dec 13-15 Business law for Monoger SIM Management Hows* SIM Dec 13-15 Computer Aided Data NUS Institute of *****04 Anolysis Systems Science Dec 14 Debt Conversion ond Debt Focwity of Arts NUS *****55364 words
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Article, Illustration403 1989-12-12 2 A BUYING HOUSE turned import•r this turnaround in rolee is just what a leading American department store and catalogue retailer is doing in Singapore. Sears Roebuck and Co, with an extensive sourcing network worldwide, is shipping US-made Ken more refrigerators for403 words
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Article, Illustration417 1989-12-12 3 SHOEB KAGDA - By SHOEB KAGDA BRITISH TEXTILE manufacturer Acorn, which ha* been selling its high quality cotton material in Singapore for the past decade, is using the Republic to make inroads into the regional textile market. "Singapore is a natural stepping stone417 words
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Article87 1989-12-12 3 EXXON CHEMICAL has added a third reactor, costing $6.5 million, to its fuel and lubricant additives plant on Pulau Ayer Chawan. The new reactor will bring the company's total investment to $140 million since it was established in mid-1962. It will also mean a87 words
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427 1989-12-12 3 MARTIN SOONG - By MARTIN SOONG THE MAN behind one of Singapore's biggest chain of secretarial and vocational schools is diversifying into exhibitions with a real estate show next month. Steven Lek, the quiet, innovative operator who has turned his Clifford Educational and Lek Meng Professional training427 words
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440 1989-12-12 3 GENEVIEVE CUA - GROUNDWORK FOR SCHOOL IN THIRD POLY By GENEVIEVE CUA A DESIGN MISSION is being organised to West Qsrmsny and Switzerland as part of the groundwork for a design school, which may be included in the propoeed third polytechnic. Or Michael Schaefer, the440 words
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Page 2 Advertisements
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Advertisement282 1989-12-12 2 everything else in market is unpredictable. In a business environment where Take for example, its construction. And that's just the bodywork. We don't take risks. So why should IHH virtually everything is unpredictable, The HP Vectra RS's elaborately designed Needless to say, our reliability ex- you? For more details, call282 words
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Page 3 Advertisements
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Advertisement91 1989-12-12 3 Bifocal Contact Lenses now available at PHILIP D IZAAC OPTOMETRIST- CONTACT LENS CLIMC 02-26 Paragon Shopping Centre 290 Orchard Road Tel. *****66 PHILIP D. IZAAC L CQ (LONG) MEMBER Of THE BRITISH CONTACT LENS ASSOCIATION Consultation Hours: Mon To Sat: 10.30 am 7.00 pm Sun Public Holidays 11.30 am 6.0091 words
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Advertisement156 1989-12-12 3 What you won't find at Palm Court. You may not find a designer toothbrush in your new Palm Court Serviced apartment. squash, swimming and gym. Or relaxed in the sauna. All this while the children are But at .he end of every day you will find an apartment that woos156 words
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Page 3 Miscellaneous
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Miscellaneous188 1989-12-12 3 Global temperatures land weather forecaat yi&Ji lor Dee 12 City Max/ Note OUTLOOK: Shower* over a law «mm In Ma (•C) •uwUiifl. ••port for 24 hours prior Aberdeen 07/02 Sunny to 7.30pm on Doc 11 at Amsterdam 07/02 Sumy o pcKT Alton* 14/06 dowdy [Auckland 22/13 Folr lumiUßy Bangkok 32/22188 words
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FOREIGN NEWS
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580 1989-12-12 4 AP SOVIET PRESIDENT Mikhail S Gorbachev has offered to resign as party chief during a fiery cloeed-door debate with conservatives complaining about his overtures to the West, but communist leaders quickly affirmed their support, a participant said on Sunday. During the closed meetingAP - 580 words
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242 1989-12-12 4 AP ESTONIANS AND LATVIANS who voted in the first mass contested local elections were awaiting results yesterday that were expected to show the communists losing heavily. Official returns from Sunday s voting in the two Baltic provinces wereAP - 242 words
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102 1989-12-12 4 Reuter SOVIET Foreign Minister Eduard Shevardnadze could meet European Community foreign ministers in Brussels on Dec 18 to sign a trade and cooperation agreement. EC sources said on Saturday that France had proposed the date for the signing ceremony although Moscow hadReuter - 102 words
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Article1068 1989-12-12 4 ARRIVALS Operator r-» tl Local From number Mm* MAS MH651 0900 PEN MAS MH630 0920 KlU ACA AC888 0950 YYZ/IM/80M su SQ103 0950 KUL CAl 0672 1000 CGK CPA CX710 1000 CGK SU SQIS1 1045 CGK GU GA960 1100 CGK MA BM21 1100 IWN SIA SQ10S 11051,068 words
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Page 4 Advertisements
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Advertisement624 1989-12-12 4 GOOD IDEAS KEEP COMING UP Unlimited applications to suit every need. mm iwßw bbbb II I wmm aflU BBja£Si!iT* i»" uz*— %riMHna!MiiHHHiP WTaHBHHHV SHARP A 0-705 A I I I 1 1 Lowe <UMT WI I aons 1 JKa •wfsi 1 mc I w I Qjp |Sl j| 1 i624 words
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Advertisement170 1989-12-12 4 TORONTO farm Sisfcs Call your Travel Agent or Air Canada at *****55. A BREATH OF FRESH AIR JjJ ==========7 Air Canada fir* ■<"«!» *1* x S X Deep Fried Cnbir\ CJaws with Minced j ft An Inviting feast that prom toes tc fl L JJbe an exoUc seafood experience. Specially170 words
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FOREIGN NEWS
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Article, Illustration326 1989-12-12 5 AP CHINA'S official media yesterday heralded the visit of a US presidential envoy and quoted leader Deng Xiaoping and other top figures in Beijing as saying the time had come to restore good relations with the US. The surprise one-day visit byAP - 326 words
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180 1989-12-12 5 Reuter CHINA'S exports this year are unlikely to surpass the US$4O billion total reached last year, and a sharp slide is possible in the first half of next year, a senior trade official in Beijing has said. In a report in theReuter - 180 words
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147 1989-12-12 5 AFP SWEEPING political changes in Eastern Europe could add an average 0.5 per cent to the growth rate of Western OECD economies by 1995 According to Indosuez Bank's business trend magazine, exports to Eastern Europe by OECD (Organisation for Economic Cooperation and Development) countriesAFP - 147 words
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Article79 1989-12-12 5 AP REPRESENTATIVES of 32 big French industrial companies met the chief of Iran's chamber of commerce in Teheran last Sonday to discuss future trade between the two countries. Teheran Radio quoted chamber leader Alinaqi Khamooshi as saying "the Islamic Republic ia expanding ties with ParisAP - 79 words
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241 1989-12-12 5 AP SOUTH KOREAN President Roh Tae-woo yesterday declared that communist North Korea "can no longer cling to its extreme isolation" in the face of dramatic reforms sweeping East Europe. "The changes now under way in East Germany show usAP - 241 words
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531 1989-12-12 5 DAVID CHEW - AMERICA, JAPAN TO CONTRIBUTE USssom, USsl3m RESPECTIVELY By DAVID CHEW INDONESIA, Japan and the US have signed a US$lO3 million agreement to develop and improve the capacity of small and medium-scale irrigation projects in Indonesia's eastern islands, according to the economic bulletin of531 words
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134 1989-12-12 5 NYT INDIANS new Finance Miniater has said the country's external debt is about US$OO.6 billion, or nearly twice the figure given by the previoua government. Mr Madhu Dandavate aaid laat Friday that the amount included deposits made by Indiana living abroadNYT - 134 words
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141 1989-12-12 5 AFP SEOUL will increase its control over foreign firms to stem a rash of cases of foreign businessmen closing shop and leaving without paying back wages. The owners of foreign firms who had closed down their South Korean operations and had not paid their employeeaAFP - 141 words
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Page 5 Advertisements
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Advertisement75 1989-12-12 5 ji I^^.!^ r 1 1/ gfeg£ I II W < <II« 1 I I isl .til lII<II H II < Y V J. "">* 111 II I« \\'(H 1(1 W<»lII«I I I I < IU•M!I.I I I I I I 1 Fl Ik I*.ii. i •i i i >i li.•75 words
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Page 5 Miscellaneous
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Miscellaneous33 1989-12-12 5 Doonesbury BY garry trudeau kJ excuses excuse \rpuKsW thank you all fqr\ MZ 2 COJU? I HAVE B&N6 He*B AT OUR 1989 '90s YOUR ATTENTION, &VIVALPAKIY! I'M ZASTBFN OF MY COMN6 OUT trmrlr33 words
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FOCUS
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433 1989-12-12 6 POLAND NYT POLAND, with 38 million of Eastern Europe's 140 million people, seems determined to go the furthest in the direction of free markets. Since mid-year, the Polish government has been dismantling its socialist economy almost cold turkey. Many state-owned companies areNYT - 433 words
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229 1989-12-12 6 HUNGARY TRADITIONALLY a more entrepreneurial, freewheeling society then its Eastern European neighbours, Hungary, with 11 million people, began adopting some free-market policies roughly a decade ago. Today, the private sector accounts for roughly 25 per cent of Hungary's economic activity, said Paul Merer,229 words
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603 1989-12-12 6 LOUIS UCHITELLE - What comes of the changes sweeping Eastern Europe will depend on whether, and to what extent, the command economy can be dismantled and free markets introduced. In these articles, LOUIS UCHITELLE of the New York Times looks at the challenges in the countries603 words
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Article, Illustration388 1989-12-12 6 EAST GERMANY EAST GERMANY, with more than 16 million people, to the wealthiest East European nation. Its work force is disciplined and well-edu-cated. It benefits from a special trading relationship with Weet Germany. And it is regarded by many Weetern analysts ss proof that388 words
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Article227 1989-12-12 6 BULGARIA AMONG the Balkan countries, Yugoslavia Is sbsorbsd in preventing ethnic rivalries from splitting the country, and Albania remains an isotsted bastion of Marxism-Lenin-ism. Only Bulgaria has been embroiled in Eastern Europe's upheaval. installing a new leadership headed by Petar T Mladenov. Though s communist,227 words
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Article247 1989-12-12 6 CZECHOSLOVAKIA THE ECONOMIC DEBATE It atoo just beginning In Czechoeiovakia. a notion of noorly 16 million people, where the communist party has just been dethroned, raising the prospect of some movement toward private enterprise, now almost non-existent. As in other Eastern European nations, public247 words
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172 1989-12-12 6 ROMANIA THROUGH all the turmoil, Romania has remsined outwardly calm. Ntcolae Ceaussscu, smong ths world's most repressive communist leaders, even organieed a demonstration last month in support of his regime. But beyond the show, ths economy is deteriorating rapidly and the nation s 23172 words
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Page 6 Advertisements
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Advertisement164 1989-12-12 6 Lufthansa's Asian Commitment: We've elevated First Class. jfti i aWI jMHIIK i M ;w|ll r i -2 k» ixrk a W M MKfcL* >*» H W iff \\^F'" r m. i w rPMF WilU *1 Mxj'll notice the deference right away. Lufthansa's 8747-400 First Class is uniquely situated on the164 words
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Advertisement62 1989-12-12 6 1~~ QUALITY CAR AT THE BEST PRICE Million Renault's dJfi£ Investment in Renault 19. 2.8 Million man-hours of engineering input to design The Renault 19. f 500,000-man-hours force training. 7,500,000 km (10 times the Moon and back) test driving in Renault 19 development. 4 NT H year end book closing62 words
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Page 7 Advertisements
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Advertisement218 1989-12-12 7 'tyz ESHH 40MB plus floppy Now even better. With a 286 Power Flex more plus IMB memory plus EMS 16MHz chip that delivers processing power and support plus 6 slots. Because ff F more speed than most 16 V access to 32-bit software, of ALR's design skills, you MHz 386SX218 words
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PERSPECTIVE
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Article434 1989-12-12 8 THE UNANNOUNCED ARRIVAL in Beijing last weak of US National Security Adviser Brent Scowcroft is reminiscent of a trip by one of his most illustrious predecessors. Henry Kissinger's secret visit to China in 1971, perhaps the most significant diplomatic breakthrough In the post-1945 world, led434 words
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Article, Illustration1856 1989-12-12 8 DAN BIERS - With the close of a decade that saw dramatic economic development in East Asia and turned hitherto Atlantic-centred world attention to the Pacific, DAN biers looks at prospects in the near future for this new area of opportunity. DAN BIERS AP ASIA,AP - 1,856 words
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816 1989-12-12 9 With plans apace to create a unified market out of the political association of 12 Western European democracies from 1993, the next step to realise what has all along been called the Common Market is a common currency. These two articles recapReuter - 816 words
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REGIONAL VIEWPOINTS
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239 1989-12-12 9 Our weekly summary oI what oiMr piiiMfMniw have to say about Imhn of Intomrtliiinl Merest /A/Z7M "MR V P SINGH told a press conference after his election as the Front leader that his first priorities would be to bring down prices and improve relations239 words
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Article148 1989-12-12 9 PHILIPPINES "PRESIDENT Corazon Aquino survived another coup attempt against her government, the sixth and the most serious since she was swept to power in 1986... The latest putsch really caught the Aquino government by surprise. It only uncovered the movement one day before it started Mrs148 words
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Article220 1989-12-12 9 "THE ROLE of the United States military, although limited, in quelling the most serious coup sttempt faced by Corazon Aquino since she became president of the Philippines in 1966 is bound to have domestic repercussions which inevitably will further weaken her political base. "Although reports from220 words
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203 1989-12-12 9 THE GERMANYS "THOSE WHO BELIEVE that the crumbling of the Berlin Wall will mean a swift reunification of the Germanys should think again. It will be a slow and painful process, made more so by suspicions from many in the West who cannot escape203 words
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789 1989-12-12 9 EC the start of a stormy debate AFP AFTER A SUMMIT that ambitiously sought to mould the Europe of the 21st century, the European Community (EC) now faces this realisation: that a difficult and probably bitter internal debate has only just begun. The two-day summit ended in Strasbourg last SaturdayAFP - 789 words
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Page 8 Advertisements
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Advertisement12 1989-12-12 8 To-Airport Service (International Flying Tigers are service marks ol Federal Express Corporation.12 words
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Page 9 Advertisements
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Advertisement450 1989-12-12 9 4 VALUE-ADDED FOCAGES TO HELP \OU _!_r SAVH A nrn BUNDLE. 1 Diversitec's Macintosh Starter Diversitec's Macintosh Office Package. Specially bundled with Automation Package. A complete Microsoft Office (at no extra cost) to startup system. Includes the highly give you a head start in the Take this ad as seriously450 words
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Page 9 Miscellaneous
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Miscellaneous26 1989-12-12 9 1* fa ~NOT really... HCS I HCS AN imp^GiN^Rv vtf .Ejßis-tou; IS IN p\ HimseLF oP.J VpFF'ce pftß-ry Viis PintfWooJ.... brd mooD ropay.. .J V( •«VM«*TAMMMCaun.IN»-im26 words
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COMPANIES & MARKETS
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Article, Illustration479 1989-12-12 10 MAGDALENE NG - By MAGDALENE NG IMC HOLDINGS, the Hongkonglisted group of shipping magnate Frank Tsao and the precursor of other Hongkong listings here, will be quoted on the Singapore stock exchange next Wedneeday. The listing will be made via an introduction of its479 words
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219 1989-12-12 10 MBT MALAYSIA MINING Corporation (MMC) has entered into a joint venture arrangement with two companies to prospect for diamonds in Indonesia. A joint venture agreement was signed with an Indonesian state-owned company, P T Aneka Tambang, and another Indonesian company, PT EmiraMBT - 219 words
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408 1989-12-12 10 LIM MUI KHI - By LIM MUI KHI CONFIRMING earlier speculations. Hume Industries (Malaysia) Bhd is to make a general offer for OYL Industries at M 54.70 a share. The mandatory offer, which values the air-conditioning and refrigerating specialist at more than Ms 77 million, was408 words
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322 1989-12-12 10 Suzanne Soh - tr Suzanne Soh A BUOYANT retail industry in Malaysia has prompted Singapore-listed Metro Holdings to beef up its investment in Metrojaya (M) to 49 per cent from 30 per cent. The move is also part of Metro's overall plan to become322 words
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Article219 1989-12-12 10 Andrea Borch - by Andrea Borch L&M GROUP INVESTMENTS Ltd has agreed to buy property, plant and machinery from Robin Concrete Products (Re) Ltd for $2.65 million in cash. L&M, through wholly-owned subsidiary L&M Systems Pte Ltd, agreed to pay $1.79 million for the 45,357-square metre property, based219 words
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259 1989-12-12 10 IN THE LATEST development involving Kamunting Corporation Bhd, Bandar Raya Developments Bhd, another member of the Multi-Purpose Holdings Bhd group, has bought 6.57 per cent of Kamunting for M 514.60 million. Bandar Raya, through wholly-owned subsidiary Mendigo Corporation Sdn Bhd. bought 11.05 million259 words
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COMPANY NEWS
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Article, Illustration402 1989-12-12 11 PHILIPPINES AFTER THE COUP AFP PHILIPPINE stock prices dipped 8 per cent sfter the markets reopened yesterday sfter a bloody, week-long coup attempt, but businessmen expressed confidence about the country's economic future. "It's Just temporary," said Vivian Locsin, president of the Makati StockAFP - 402 words
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312 1989-12-12 11 NST TURNOVER on the Kuala Lumpur stock market in the first 11 months this year has already more than doubled that of the whole of last year. The total shares traded in terms of volume and value from January toNST - 312 words
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336 1989-12-12 11 OIL PALM-BASED Lingui Developments Bhd is proposing s one-for-one rights issue st 70 sen esch to rsise Ms 46 million. The company has also proposed to buy the entire equity in Hock Lee Plantations Sdn Bhd (HLP), comprising 72,624 ordinary shares, for M 57.26336 words
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167 1989-12-12 11 Bernama MALAYSIAN PACIFIC Industries Bhd (MPI) says its partner in a proposed Msl3o million paper mill is Straw Paperboard Industries (M) Sdn Bhd (SPI). Responding to a query from the Kuala Lumpur Stock Exchange, MPI said it would hold 90 per centBernama - 167 words
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Article, Illustration579 1989-12-12 11 MAGDALENE NG - By MAGDALENE NG BERJAYA CORPORATION has added a total of MJ210.61 million to its coffers in the last three weeks from diveetment of shares in its portfolio to finance recently proposed acquisitions totalling M 5266 million. From late November, Berjaya has hived off579 words
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COMMODITIES
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366 1989-12-12 12 AT LEAST Msl.oBb TO BE SPENT OVER NEXT FIVE YEARS Bernama SEVERAL FOREIGN oil exploration companies will spend at least M 51.06 billion on exploration work in Malaysia over the next five years. Oatuk Or Sulaiman Daud, Minister in the PrimeBernama - 366 words
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220 1989-12-12 12 AFP MALAYSIA'S oil palm planters have proposed the formation of an association of palm oil producing countries to enhance the commodity's prospects. The Star reported on Saturday. The tabloid quoted Mr Alladin Hashim, chairman of the Malaysian Oil Palm Growers' Council, as sayingAFP - 220 words
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154 1989-12-12 12 Bernama THE SARAWAK Land Custody and Development Authority (Pelita) plans to open up a 30,000-hectare sago palm plantation In the state. Chief Minister Tan Sri Haji Abdul Taib Mahmud has said. The plantation would be on an area identified as having noBernama - 154 words
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207 1989-12-12 12 Reuter FOREIGN MINISTERS of Australia and Indonesia signed a controversial oil agreement yesterday during a flight over the Timor Gap. a geological fault between the two countries which could hold one billion barrels of oil. The two ministers, in a statement issued to coincideReuter - 207 words
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150 1989-12-12 12 AFP INDONESIA increased its crude oil export in 1969 to an estimated daily average ot 809,050 barrels Irom 762,535 barrets Isst year, the state oil firm Pertamina said yesterday. Exports of liquefied natural gas rose to an estimated 16.5 million tonnes for the yearAFP - 150 words
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Article361 1989-12-12 12 SINGAPORE: Rubber prices cloeed easier yesterday, with January 1 RSS buyer quoted at 161.00 cents a kg. down 1.50 cents from laat Friday's dose. Dealers said prices eaaed in the afternoon on a lack of buying interest and light speculative telling. Trading remained quiet with volume modest. On the361 words
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Article353 1989-12-12 12 MALAYSIAN CRUQg PALM (ML FUTURES dosed slightly rtaadiar on short-cover-ing activities on the Kusis Lumpur Commodity Exchange (KLCE) yesterday Dsslsrs ssid trading was moderately sctivs although ths merket undertone was still weak. In the short term, the market seemed uncertain in anticipation of the stocks figures to be353 words
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Article94 1989-12-12 12 TM PRICES aa to Kuala Lampar Tlw ltoto (KLTM) Ssie^lSl^?T«!w Iredtog wNhln a ttgM range, Tha rlaa raflactad higher London Matol Ei matol damaMtoTSwy MM. Turnover was M tonnes. agalart Friday's n. The KLTM prtot d«er«M to LME widened tarIhtr to UtsM a tonna STSeSar nihil Ska 2*94 words
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Article347 1989-12-12 12 HONQKOMQ: GoW yaaterday dosed higher on Japanasa short-covaring in comparativaly quiat lata trading. "Tha markat lacked strong incentives, but firm technical fundamentals encouraged the emar gance of buying orders," a dealer aakl. "But traders are in tha Christmas holiday mood already which encouraged a quiet market," the dealer347 words
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Article144 1989-12-12 12 Telerate Fuel oil pricea held steady in their current rangee yesterday. The HSFO futures remained firm and traded moet of the seeaion. Dec CSTIBO cargoee were indicated at $*****07 MT Fob Sing while Jan cargoee were asMWtl at $103-1106 MT Fob Sing. A refiner reportedly boughtTelerate - 144 words
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Article321 1989-12-12 12 RAS prices i» roai»MM NOON CLOSE tn» I RSS Prompt ***** 161.75N 159.25 160.25 to 1 RSS Jon 90 16Z50 163.00 1614)0 161.50 M 1 R$S Fob ***** 165 JO 16X50 164.00 fat 2 RSS Of 15*40 160.00N 157.00 159j00N Int 3 RSS Of ***** 156J0N *****321 words
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Article188 1989-12-12 12 CltllMM Product Oodng prkm on Exchange Docmbf 11 SoHon' nor doting prtco* on Coconut oil lM*/100kg) Doc 11 (S$/100kg) Now drum* ***** Coconut ofl 2nd hond diwn 127-00 i* FOB 81.00 Mk 118.00 Old drum FOB 91XX) local In bdk ***** Now dram F08 9540 Copra (M$/100kg) Copra188 words
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BANKING AND FINANCE
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139 1989-12-12 14 Reuter THE PARLIAMENT S Public Accounts Committee said the government may consider hedging when loans repayable in foreign currencies are taken up. While the government has not suffered currency fluctuation losses on the whole in respect of external loan borrowings, it would beReuter - 139 words
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Article139 1989-12-12 14 AFP SOME US$l.l billion were remitted abroad from Taiwan In four days following the weekend elections in which the ruling Kuomintang suffered its worst setback in 40 years, the mass circulation United Dally New reported last Friday. But mart* dealers attributed the wave of capital outflowsAFP - 139 words
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147 1989-12-12 14 AFP THE HIGH COURT In Kuala Lumpur yesterday granted a petition by Bank Bumlputra Malaysia Berhad to reduce its paid-up capital to wipe out accumulated ioaaea, Bernama news agency said. Bank Bumiputra, Malaysia s second largest commercial bank, has proposed to reduce itsAFP - 147 words
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408 1989-12-12 14 HONG LEE TIAM - HKBank, Citibank, Bankers Trust seek licences By HONG LEE TIAM THREE international banks, Hongkongßank. Citibank NA and Bankers Trust Company, plan to take advantage of the financial deregulation in Indonesia by applying for licencee to aet up securities houses in408 words
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319 1989-12-12 14 Reuter AMERICAN EXPRESS BANK, in an outlook for industrial countries in 1900, identified Britain and the United States aa "recession candidatee". Even if the US were moving into a recession, this was likely to be a mild one aa the USReuter - 319 words
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176 1989-12-12 14 Reuter THIRTY to 40 per emit of the Philippines' US$2.2 billion official debt has been restructured, s finance official close to the negotiations said in Manila. He gave no amount but said apart from the US and Canada with whom officialsReuter - 176 words
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MONEY AND EXCHANGES
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Article1097 1989-12-12 16 CURRENCY FUTURES OPTIONS INDEX OPTIONS I IMM Friday, Dac 8, 1989 Friday, Dacambar 8, 1989 v 8WT18N POUND 102,100; Midi par C mT Oae-o Jmm Mar-e Dwf Ja»» Mar* 8 P 100 M08X (CM) 1339 546 3 94 5.04 0004 094 2.14 MM C—i 11 WiU< 1990 34* 1-941,097 words
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Article275 1989-12-12 16 Reuter IMM CURRENCY FUTURES ended a Friday afternoon of quiet, featurelesa dealings mixed. After initial seesawing off the US November unemployment report, prices held within rsnges. Participants unwound light long mark/short yen positions, as worries began to grow that the changes sweeping through Eastern Europe might spin out ofReuter - 275 words
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369 1989-12-12 16 Reuter EUROPEAN COMMUNITY (EC) leaders agreed late on Friday to eetabliah a supranational bank to finance the reconetruction of Eaatern Europe. French Foreign Miniater Roland Dumas said. "On this subject there is a definite agreement." Mr Dumaa said atReuter - 369 words
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Article1029 1989-12-12 16 UNGAPORE: The US dolir cloeed weaker against he mark but up against the en in quiet and lacklustre rade, with moat playere sidelined, dealers said. The US dollar climbed igainet the yen on Inveator tupport In Tokyo despite epeated BOJ intervention n Japan, dealera aald. dealers aald they1,029 words
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Article52 1989-12-12 16 THE overnight rate on the Singapore money market was 1/16 point lower at 5-1/2 per cent yesterday. Short-term rates were unchanged. S$ Intwrbonk rcrtM at lt» dot* y«tt«rdoyi orm ho Oo«S l/a 5 3/1 l«Mk 5 5/1 S 1/3 a-M* 5 5/1 si/a 3-.M* SS/I 5 1/3 mod*52 words
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Article278 1989-12-12 16 ASIAN DOLLAR deposit rates yesterday closed little changed from opening levels in quiet trade, with the market looking to this week's release of a batch of US economic figures for direction, dealers said. "We will aaaeea the outcome of US November retall sales on Wednesday before taking278 words
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Article93 1989-12-12 16 Treasury bills Period Issuo Yostordoy's doting Boy's cod* Maturity MO OTO WGM LOW 3 months RQ*****H 08.03.90 AJ5 4J0 6 months RS*****V 18.01.90 *70 1 y*or IY*****Z 18.10.90 4M5 4M Government notes end bonds Porlod Issue Maturity Coupon Yostorday's dosing Day** cod* rat* M0 OWE* HK3M IOW93 words
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Article, Illustration178 1989-12-12 16 •w priM «t 12 iMtor Ml hi S*por» Interbank market rates (offer/bid) on Dec 11 US$ DM SWFC Yen 7 4mr% f/14 7/1* IS U 7/4 H/4-7J/I 7J/4-7J/I 4 3/4 4 1/4 I 13/14 I 1/14 19 1/4 19 7 19/14 11/1* 7 19/14 13/14 4 3/4178 words
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Article587 1989-12-12 16 Reuter SIMEX EURODOLLAR futures ended steady to slightly higher after moderate two-way trade yesterday. December was unchanged at Chicago's close of 91.62, but March roee to 82.21 from 92.20. About 6,000 lots were traded. In Eurodollar options. 47 calls and 40 puts changed hands. Three-month Euroyen futures ended steadyReuter - 587 words
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SES
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Article, Illustration660 1989-12-12 18 Abdul Hadhi - by Abdul Hadhi THE RALLY on the Singapore stockmerket resumed its course yesterday, after a minor interruption last Friday. Some analysts had expected the correction to continue as the market was still overbought. "Friday wasn't really a pull-back for the market since risee actually660 words
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Article236 1989-12-12 18 Rises Sporo Foddor 106 +6.0% +6 SngmoHno 50* 383 +5.4% +20 ANA Hotels 312 +4.3% +13 U P f 25* 63 +4.1% +2% Corobos 50* 550 +3.8% +20 Tonhow Ind 50* 116 +3.6% +4 Hold Prop 249 +3.3% +8 OAF Ltd 40* 62)4+3.3% +2 Hotol Prop A 242236 words
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Article228 1989-12-12 18 Rises Mito AJca 50# 145 +17.9% 22 •mot** 47% +13.1% 5)4 TOM 107 +11i% +11 lonrf Tin 191 +11.0% +19 Tongfcah Hkigj 142 +10.1% +13 NIT 114 +8.6% +9 Hcxza Corpn 50# 103 +8.4% +8 S*al Inc 161 +8.1% +12 Iraas Mid 50# 42)4 +6.2% +2% KIM 50#228 words
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Article274 1989-12-12 18 Managers* prlc*i Royal Trust Asset Mat fof Dec 12 r S jxxt Gf Fund 0.93 09* •T Ajjo foc Gf fund MIJ |.|75 Singapore Unit Trust OCBC-SIMBI Investment nZwTTfund !S IS o,w fr il0 wl MO 115 MvU«i fund 106 112 Sovori Trtnt Fund 104 109 poca frog274 words
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Article64 1989-12-12 18 METAL CONTAINERS Ltd: 19th AGM at the registered office. 15 Scotts Road. #05-01, Thong Teck Building. Singapore 0922. today at 10.30 am. SINGAPORE AIRLINES Ltd: EGM at Canning Room. 4th Level. The Westin Plaza. 2 Stamford Road. Singapore 0617. tomorrow at 11am. TIME ENGINEERING Bhd: EGM at Raya64 words
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284 1989-12-12 18 SES SHARE INFO SESDAQ STOCKS Or* Qr*s 1M9 T«4 Last Vol Day Laat Quota Dh Mr Yld NK M Cap Mgh Low Coda Company Sala or- ('000) High Low Buyor 8a«ar C'w P/E SmM DEC 11 8E80AQ 179* 60* t 4000 Amtafc Eng 20* 156 unch 19 156 157 157284 words
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Article5497 1989-12-12 18 SES SHARE INFO S'PORE STOCKS Gr*o Qfi IMS Tol LmI Vol Itoy Lad Owl* Dfcr Dfcr Y*ld Mat M Cm Mgh Low Codo Company Mo -for- (*000) Iflgk Low SvyorSoftor Cor Wl DEC 11 DEBENTURES. BONOS, LOANS 330 124 t 1543 CK Tang Wl 1900 320 unoh I 320 3205,497 words
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KLSE
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Article, Illustration2212 1989-12-12 19 MBT CHEERY MOOD again prevailed on the Kuala Lumpur stock market yeeterday aa the tireleea bulla continued to move to new ground# in spite of some profit-taking along the way. However, the 30-counter New Straita Times Industrial ordinary share index cloeed the day at 2.717.91, downMBT - 2,212 words
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REGIONAL MARKETS
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Article, Illustration1185 1989-12-12 20 Hongkong Reuter PRICES of blue chips yesterday ended slightly firmer on late bargain-hunt-ing, but trading volume remained thin In the absence of new incentives. The Hang Seng index cloeed 9.22 up at 2,763.33 after a weak opening and the Hongkong index 5.96 at 1,818.02.Reuter - 1,185 words
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Article, Illustration499 1989-12-12 20 Tokyo Reuter TOKYO share prices fluctuated for most of the day but cloeed firm In mixed, moderate trade yesterday. Investors sifted through sectors for incentives. "I'd say there's a lack of clarity as to where to go," said a trader at Jardine Fleming Securities. Powerful magnets attractingReuter - 499 words
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Article, Illustration499 1989-12-12 20 Australia Reuter AUSTRALIAN share markets closed lower yesterday In featurelees trade as pre-Christmas lethargy set In. The All Ordinaries Index fell 8.6 points to 1616.0 ss a paltry 73.63 million shares worth A 5114.23 million changed hands in the lowest national turnover in more than aReuter - 499 words
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Article113 1989-12-12 20 Reuter LEADING New Zealand share prices yeeterday dipped, with the Barclays Index falling below 2,000 points for the first time since Aug 1. The index fell 20.02 points to 1,968.72 in a typically quiet start to the week. "The technicians say 2,000 points is important butReuter - 113 words
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Article84 1989-12-12 20 Reuter PRICES on the Jakarta stock exchange yesterday fell slightly, pushing the index 2.09 lower to 396.5, but turnover roee sharply to 595.070 shares from Friday's 366.225. "Investor funds seemed to be decreasing. They are getting tough in bidding," one broker said. Cement plant Indoc?- ment,Reuter - 84 words
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Article313 1989-12-12 20 Reuter SEOUL stocks yesterday fell to their lowest level this year on very pessimistic sentiment over South Korea's economic and political prospects. The composite index fell 5.27 to 844.75. the year's lowest The previous low was on July 1 when liquidity worries, campus unrest andReuter - 313 words
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Article377 1989-12-12 20 Reuter TAIWANESE share prices fell scroas the board yesterday as more small investors tried to get out of the market before the year-end. The weighted index fell 232.09, or 2.76 per cent to end at 8,176.08 against 8,406.17 on Saturday. Turnovsr was low at NT581.49 billionReuter - 377 words
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Article437 1989-12-12 20 Reuter MANILA share prices yesterday recovered to close some 8 per cent down as buyers stepped in after an early sharp fall on the first business day after the Philippine coup attempt The Manila composite index closed just 8.05 per cent down on the day atReuter - 437 words
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Article28 1989-12-12 20 Reuter THE Bombay Stock Exchange was closed yesterday to enable brokers to complete business done in the two weeks ended last Friday. Trading resumes today. ReuterReuter - 28 words
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CORPORATE FOCUS
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Article, Illustration1302 1989-12-12 21 FLORENCE CHONG - The Burswood Property Trust, owner of the namesake Perth casino, and in which Malaysian conglomerate Genting International Ltd has a half share, was recently sold to a Japanese party for Assoo million. FLORENCE CHONG, writing for BT from Sydney, takes a1,302 words
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Article849 1989-12-12 21 Reuter FRANKFURT: West German shares yesterday closed mixed in quiet trade, with some investors continuing to take profits after recent gains while others used the lull to keep stocking up on blue chips. Dealers said the market's mood remained bullish for German shares, and further gains wereReuter - 849 words
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Page 10 Advertisements
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Advertisement280 1989-12-12 10 The little Da Vina Chronograph with perpetual The automatic Da Vinci Chronograph with moon phase display, by IWC. Yet another great perpetual calendar and moonphase display by work from a group of old masters. IWC. Eloquent proof that the future does not belong to the computer alone: A truly remarkable280 words
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Page 11 Advertisements
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Advertisement112 1989-12-12 11 Appetising Steak And Lobster Delight 0*- ijpPQjj I Nowyoull get to try 2 premium food for the price of one in our set dinner specials. Economically priced to give you value for money. A food fare you 11 surely not want to miss! Set Dinner Specials Baby Lobster with Mango112 words
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Advertisement308 1989-12-12 11 P^ 9 M m *Sm^^' <A, WL 4 y 4 I J X; ,||gj^ o^^ Kl L^-""^ :v .fc., -J-?. I A m 0^ 1 -'f'' Now when you choose any I PC^* 2 PCAX3 I ***** CPU at 12 MHz ***** CPU at 20 MHz personal computer from the308 words
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Page 12 Advertisements
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Advertisement236 1989-12-12 12 VU ik va 2 ATjA m j mm 1W a flfcT v Q'i ''•*••>»-? 'i l <*?>■ v tf; M-v £j< L- V ft y it, ■■>.. r <**«»*• fll' When your business is on the move, you need Fly the world's first airline. Your guarantee for an airline that236 words
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Page 13 Advertisements
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Advertisement34 1989-12-12 13 0 ©o^° s- <* c eoS^*° ;,I orflo iS^« p „,c Co^ e< ATLANTIC Computer equipment to be supplied to Qantek. a wholly owned subsidiary of Qantas Amdahl is the registered trademark of Amdahl Corporation.34 words
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Page 14 Advertisements
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Advertisement334 1989-12-12 14 a M J ASSURANCE H/xercise your wit and win 6 bottles of Pommery French Champagne. r "Taking Cover" a* appropriate I ItfZL CaPt gnd\ Mrtino 0 The Business Times/ Commercial Union 1 Entries must reach us by 12 J j|N 1 fi\ All wJI H noon on Tuesday, December 19,334 words
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Advertisement121 1989-12-12 14 r i w aflHl WKww 1 -o. 'I Uteife 1 f&l v fc&\ PSf J Jj\\ I V^4\fe mj v^h\ I T' «f V The Sheaffer Connaisseur* V 'jmm I is perceived by many as the V -iV- Mi V world's finest writing instrument. t 'V To write with the121 words
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Page 14 Miscellaneous
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Page 15 Advertisements
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Advertisement79 1989-12-12 15 Flexlease The most flexible and cost-effective leasing package that absorbs all your outstanding lease payments when you need to upgrade v offers users: Flexibility to react to change in user demand ,;S v' at no penalty. FleXib lity to react to new Technolo 9 y at no '8M S the79 words
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Page 16 Advertisements
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Advertisement162 1989-12-12 16 Act now to secure exhibition space at Air Freight Asia '90. Air Freight Asia '90 is being held in conjunction with Asian Aerospace '90. Besides enjoying the prestige and large visitor base of Asian Aerospace '90, Air Freight Asia '90's own promotional campaign is geared to delivering key professionals and162 words
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Advertisement80 1989-12-12 16 do you do if some of your guests want I to eat seafood and others prefer Vietnamese food? No problem!!! Bring them to MEKONG VILLAGE Vietnamese Seaffoed Restaurant. We serve Singapore's famous seafood and Vietnamese cuisines under one roof!!! I SET LUNCH SPECIAL I Enjoy a delicious 6-course Vietnamese Set80 words
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Page 17 Advertisements
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Advertisement434 1989-12-12 17 f The setting up of telecomet international Singapore 7(-, e official opening of TELECOMET International's office at Keck Seng Tower. (TIS) strengthens our presence in South-East Asia and enables us w TELECOMET International adds Singapore to its forefront of state-of-the-art total integrated network to provide the fullest support in international434 words
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Page 18 Advertisements
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Advertisement11 1989-12-12 18 I Jaid we needed l(jZ& I A flexible system. Z -S.YS.r-e.M.w11 words
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Page 19 Advertisements
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Advertisement18 1989-12-12 19 r lie support flexiUG, fypu oaxi install QnGentiu package or a ScZec- tion of the modules'. EgJ PACKARD18 words
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Page 20 Advertisements
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Advertisement279 1989-12-12 20 NOTICES Tricontinental Corporation Limited U*****,000,000 Guaranteed Floating Rate Notes Due 1991 In accordance with the provision of the Notes, notice is hereby given that for the three month period from 12th December, 1989 to 12th March, 1990, the Notes will carry a rate of interest of 8.6875 per cent, per279 words
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Advertisement195 1989-12-12 20 IN THE MATTER OF PINKY TRADING PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Chapter 50) that a Final General Meeting of the members of the abovenamed Company will be held at the office of the Liquidators,195 words
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Advertisement432 1989-12-12 20 RAYNERINTERTRADE PTE LTD (Incorporated in the Republic of Singapore) (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act Cap. 50 the Final Meeting of Members of the Company will be held on Friday 12th January, 1990 at 11.00 a.m.432 words
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Advertisement320 1989-12-12 20 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER SO) AND IN THE MATTER OF ENG CHONG HANG (PRIVATE) LIMITED (Incorporated In the Republic of Singapore) (IN LIQUIDATION) (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of ENG CHONG HANG (PRIVATE) LIMITED duly convened and held at320 words
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Advertisement248 1989-12-12 20 THE COMPANIES ACT. CAP. 80 MIDEX INVESTMENTS PTE LTD (In Members' Voluntary Wlnding-Up) At an Extra-Ordinary General Meeting of the Company held at 50/F Hopewell Centre, 183 Queen's Road East, Hong Kong on Bth December, 1989, the following special resolutions were passed: (1) that the Company be wound up voluntarily248 words
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Advertisement365 1989-12-12 20 THE COMPANIES ACT, CHAPTER 50 Section 290(2) (b) NOTICE OF RESOLUTION INTEGRATED BUILDING SYSTEMS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Integrated Building Systems Pte Lid held on the 28th day of November 1969, the following special resolutions were duly passed: RESOLVED: I)That the company365 words
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Advertisement297 1989-12-12 20 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF N. SETHIA SINGAPORE PTE LTD (In Members' Voluntary Winding Up) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act Cap SO that the Final Meeting of the Members of the abovenamed company will297 words
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Advertisement6 1989-12-12 20 MARKET Every Thursday... ADVERTISING MARKETING in6 words
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Advertisement9 1989-12-12 20 The Bangkok market was doaad yaatarday for a holiday.9 words
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Page 21 Advertisements
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Advertisement892 1989-12-12 21 Th i c The listing is intended to expand the international market for the shares and warrants and to broaden the shareholder and warrantholder base of the Company. announcement As at 31st March appoars ss a rnatt6r of rocord only. (HKsmimons) 1985 1986 iw 1988 1989 No public off6ring Of892 words
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Advertisement36 1989-12-12 21 In spMa of ths poor publicity, Punwood casino Is opsrstlng profitably. Ths Burswood Propsrty Trust announcsd In Ssptsmbsr thai Us profit hsd |umpsd 104 psr csnl to A 515.9 million for llio yssr to Juns 9036 words
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SPORTS
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Article, Illustration452 1989-12-12 22 TENNIS AP WITH A world singles ranking of 359, Patrick McEnroe has gotten used to being described as "the other McEnroe'. But for the past week, he has shown the world that, in doubles at least, he has the skills to match anybody in men's tennis includingAP - 452 words
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Article220 1989-12-12 22 GOLF AFP DAVID OGRIN and Ted Schulz combined to shoot a seven-un-der-par 65 and rallied from (our shots behind to win the US$6OO,OOO PGA Team Championship in Wellington. Florida, on Sunday. Ogrin, a seven-year veteran on the US PGA Tour, sank a 35-foot birdie puttAFP - 220 words
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277 1989-12-12 22 BASKETBALL AP JACK SIKMA scored 16 of his season-high 30 points in the fourth quarter and Mike Dunleavy and Frank Kornet each added nine in the final quarter as the Milwaukee Bucks defeated the Portland Trail Blazers 107-104. The Bucks snapped a fourgame losing streakAP - 277 words
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398 1989-12-12 22 SOCCER AP ITALY is the earty favourite for the 1900 World Cup, but to win an unprecedented fourth title, it muat outlaat another three-time champion and all four other previous winners of soccer's most prestigious tournament. Only six countries have ever won the covetedAP - 398 words
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Article, Illustration449 1989-12-12 22 SKIING AT A DISBELIEVING Claudia Strobl of Austria recorded her first World Cup victory on Sunday, overtaking first-run leader Karin Buder in a women's slalom. Strobl survived an apparent disqualification after the initial run, successfully protesting a decision that she hadAT - 449 words
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Page 22 Advertisements
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Advertisement146 1989-12-12 22 wan MPRICORW "^iDinA— PORTABLE SPA FOLDABLE BIKE CT-20 PLUS ERGOCYCLE With heater. No plumbing required Super light weight. UK design centre award Executive gym with 20 plus exercises Exclusive dual sproket chain drive RELAX KEEP FIT FEEL YOUNG The art of enjoying life is the capability Young is he who146 words
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Page 22 Miscellaneous
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Miscellaneous38 1989-12-12 22 SdSA* rule io-i match plx/ WHEN THE BAU-5 AW IN Pl>Y, T)4E B-AU- FA«7WER FOOT* TWL HOLE SHAU. 5K PUAYCP FIRST, IF THE SAU-S ARC EQUIDISTANT FROM THE HOt-6 THE SAU, TO PU*YHD FIRST $noULt> pEOpC© BY LOT38 words
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TECHNOLOGY
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Article, Illustration418 1989-12-12 23 WALTON MORAIS - By WALTON MORAIS AS PART OF it* corporate strategy to shift focus to export markets, homo-grown Pot Computers Service has sot up a 50-80 Joint venture company in Australia. The joint venture. Sherry Australia, will distribute Pet's Sherry computers to ths competitive Australian market418 words
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608 1989-12-12 23 Reuter SOUTH-EAST ASIA ie following the footstepe of Japen, South Korea and Taiwan down the path to full-ecale microchip manufacturing. Aa regional production of computers, consumer electron Ice end other devices mushrooms, foreign firms are stepping up investments In the exacting and expensive artReuter - 608 words
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TECH-TAKES
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Article177 1989-12-12 23 NYT SONY CORP announced last week that it has developed s "palm-top" computer without a keyboard that allows the user to write characters directly on to the machine's screen for data processing and storage. The prototype, tentatively named "PalmTop", can recognise up to 3,535 handwritten characters, includingNYT - 177 words
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Article69 1989-12-12 23 NYT SUN MICROSYSTEMS recently introduced two new serverclass computers based on its Sparc deeign, which uses RISC, or reduced instruction set computing, to speed operation. Intended for so-called client-server computing, where }obe are split on a network between desktop work stations, or "clients", and central servers,NYT - 69 words
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Article158 1989-12-12 23 WORDPERFECT, the best-sell-ing word processing package for personsl computers, has launched version 5.1. Although packed with new features including pull-down menus and mouse support this version of the software can still run on PCs with 640K RAM. In the quest for more powerful software, many developers158 words
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Article134 1989-12-12 23 LOCAL company Pan Systems has updated its PC facsimile peripheral card with new facilities, such ss storage for company letterheads and accounting for usage. The latest version of the Pen Netfsx makes it very useful for companies which require a versatile facsimile machine while requiring control of134 words
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738 1989-12-12 23 NYT IN WHAT is considered a major advance in biotechnology, a team of California scientists has devised s new method of creating monoclonal antibodies, which sre widely used in medical diagnoeis, experimental cancer treatments, snd basic rssesrch In immunology snd disesse. An antibody isNYT - 738 words
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408 1989-12-12 23 Reuter THE UNITED STATES computer industry, which grow by leaps and bounds during Amorica's boom timso, has painfully realisod it must tighten its bolt to squeeze out soma profits In a slumping market International Businaaa Machinas Corp announced laat week plans to cut 10,000Reuter - 408 words
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Article, Illustration807 1989-12-12 23 JEFFREY TSANG - IjYft Compiled by JEFFREY TSANG JT INFORMATICB has corns snd gone. And once again, it has sat new records in sin and attendance among Singapore's computer exhibitions. rmmn tns snow cioseo its doors last Sunday, 100,000 vtsiiocs imrj wsikso tnroogn uwn. According lo the publicJT - 807 words
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Page 23 Advertisements
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Advertisement63 1989-12-12 23 Your link to s world of technological snd Innovative opportunities a® 732 4567 This number links you to a world of business opportunities from Ontario, Canada. From technology to telecommunications to investments, we have the expertise and resources to 35 connect you to leading industries in Ontario, Canada. Call Doug63 words
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Advertisement266 1989-12-12 23 WHY NOT ECONOMISE WITH OFFLINE DATABASES? (Available en CD-ROM, 3'/»" or S'A" diskettes) A vast selection of realistically priced and sensibly organised time series is now available on Compact Disk and floppy diskettes. This allows users to monitor the effects of policies, and to evaluate torture trends, with the speed266 words
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Page 24 Advertisements
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Advertisement281 1989-12-12 24 Where tv entertain... Where tv entertain... Where to entertain... Wheretv Some like it hot. HHHHr Spicy Szechuan dishes served at lunch and dinner daily in the cool, inviting atmosphere of Szechuan Court. Reservations, *****10 or *****85 ext *****/6. THt y STIN Pi A 7 A Westin Hanuitnan We Make Your281 words
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Advertisement139 1989-12-12 24 JADE LOUNGE nightly for your favourite songs. A *IMO COURT HOTEL SINGAPORE No. 1 Tanglin Road Singapore 1024 Presenting THE HARLEQUINS THE HARLEQUINS I, wmentq&nyoufvitka L I wide rej)fApirc offrhusical L nemii/ionSt seven languages! LACHIcXgO, will belt out Ic%f9-T B| L the lalest'hits with Anita Entertainment starts from 6.30pm (except139 words
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Advertisement214 1989-12-12 24 £Re) f 1 DIAN XIN TEMPTATION! Treat yourself to a Delectable Dian Xin lunch. All-you-can-eat for only $14.50* per person. Lunch Hours: 11.30 am 2.30pm *Piu» 10\ service charge 3\ government ta» HWT REGOCY® SNGAPORE 10-12 Scom Rooa Srtgapore 0922 let *****86 THE HOT FAVOURITE IS BACK! Our hot favourite,214 words
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Advertisement209 1989-12-12 24 I I '"sawy I I f rov» sro»'FO» ewc.eweMseoei Non-Stop Furv^n^^H ChristmasEve^^ New Year's 4 PiazaHotel SINGAPORE Hrarti Knad Singapore 0719 TH *****11 24 5) W' her© the service is good, the ambience great, the food simply marvelous! An experience you'M not forget A choice of local, western or Indonesian209 words
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Advertisement190 1989-12-12 24 &fie < jSe&edere of (9Heer S m Raise a toast to the season of cheer at The Belvedere. We've festive buffets lined up all the way from the Ist to 31st Dec 1989, and gala dinners during the festive holidays. So celebrate the old year, ring in the new, with190 words
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Page 24 Miscellaneous
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Miscellaneous691 1989-12-12 24 The magnmcent tour sbci2 smssx aggtsw.-^.. OUR CHOICE f JMX 725 «2 o3P?s?«artw). 11.25 Marian Movie Yang Tert>er r ,'o jf. Ji 3FSHK rj««sr.js Four #t«ng«« torn up to fiflht Belindas clients is having prob- for State representative Jonathan up to congratulate her and every--222?"? »!i 4 V«5 lems with691 words
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LIFESTYLE
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862 1989-12-12 25 CENSORSHIP NYT ARTISTS and intellectuals, including the author Fay Weldon, testified laat week on behalf of the first film in Britain to be banned for blasphemy. The film is Visions of Ecstasy, produced for television by Axel Ltd. an independent filmNYT - 862 words
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Article168 1989-12-12 25 SOON AFTER INDEPENDENCE in 1983. Kenya's', first president dedicated a park for the common people end celled it Uhuru Swehili for freedom. Todey. the four-hectere perk is en oaeia of. green on the city's edge, providing a respite for Nairobi"• thousands of day labourers. Many of'168 words
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Article86 1989-12-12 25 A FRENCH RESTAURANT named the Bolshoi has' been threatened with legal action by the Muscovite opere end ballet company of the seme neme. Michel end Kinette Qauthier, owners of the Russian-specialities restaurant in the French wine capital of Bordeaux, said they received e letter in»"* lete November86 words
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Article307 1989-12-12 25 Agertcies "SPARKY" may bo the trendy new house pet of i the '90s. He won't bite the mailmen or howl at the£ moon. He's bigger than a cat but smaller than aDoberman. He doesn't shed, smell or claw furniture, and prefers a tidy litterbox to theAgertcies - 307 words
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Article, Illustration827 1989-12-12 25 The velvet revolution Czech style CZECHOSLOVAKIA NYT AS DUSK FELL last Friday, Vladimir Sraier, an advertising agent in a grey windbreaker, stood in a large crowd, lighted candle In hand, at a tawny stuccoed wall in the part of Prague called the Lesser Side. "They are commemorating John Lennon," heNYT - 827 words
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Page 25 Advertisements
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Advertisement145 1989-12-12 25 entertain.... I Celebrate, I Celebrate I And I Celebmate. I A From early December right into the U New Year you U really be able to make the most of this festive season. Each of our restaurants and bars will be offering a wide choice of festive fare and excitement.145 words
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Advertisement187 1989-12-12 25 best; The freshest, most succulent catch from the ocean. Prepared »J Hong Kong style, at prices CATCH that are hard to beat. Select mmm from our extensive ala carte menu or special set meals that I Jfi AROUND jj include perennial favourites. Come and dine at the Ocean 2 Pavilion,187 words
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Page 25 Miscellaneous
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Miscellaneous570 1989-12-12 25 RADIO Mt BH»g 88.9 mHz in VHF Band II 82.4 m Hz in VMF Band II 6AM Newshour. 7.00 World News. 7.05 6AM News in Brief. 6.03 Programme Commentary. 7.10 Financial News. 7.15 Summary (E C). 6.05 As Dawn Awakes Multitrack 1: Top 20. 7.00 News Weather Forecast. 7.15 8^^570 words
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Miscellaneous580 1989-12-12 25 ®SiCDQSKi3(DGI(I) CRYPTIC PUZZLE TFTB 12 Ben shows little Vio- ZjbZZ|__ __^J_LJLjBIZ 21 Meter men who know PM I I 22 The horse ran round HI HL-J_JL_J__L_HL_-iH_-JH a duck (4) 23 A game with go (4) from, it follows! (5) (5) 24 Song about chaps in 30 To measure it may580 words
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Article, Illustration481 1989-12-12 26 LEE HAN SHIH - By LEE HAN SHIH KNOWN for their snap purchases of retail properties, the highflying Naraindas brothers have taken their biggest property gamble so far. In a deal signed last Thursday. they have agreed to buy the Asia Radio Building at Bencoolen Street481 words
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294 1989-12-12 26 AP SINGAPORE takes second place to Japan as the least risky country for foreign investment in a survey of 10 Asian nations. The survey, by the Hong-kong-based Political and Economic Risk Consultancy Ltd, says that China is the riskiest. OtherAP - 294 words
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226 1989-12-12 26 Reuter JAPAN'S major opposition parties yssterdsy pushed Bills through the Upper House of Parliament to scrsp a controversial sales tax. It was the first time in post-war Japan that Bills opposed by the ruling party had been passed in the Upper House.Reuter - 226 words
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Article, Illustration495 1989-12-12 26 BOEY KIT YIN - PRIME MINISTER LEES VISIT TO PENANG By BOEY KIT YIN FORMER Malaysian prime miniatar Tunku Abdul Rahman yesterday commended Prime Minister Lee Kuan Yew for his efforts in making independent Singapore "safe and secure". Speaking to reporters from Singapore and Malayaia after Mr Lee's morning495 words
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448 1989-12-12 26 Boey Kit Yin - By Boey Kit Yin JOHOR remains the leading Malaysian state Into which Singapore companies are pouring investments, but Penang hopes to draw some of the capital into its industries, Penang officials said yeeterday. According to data from the Malaysian Induatrial Development Authority, the Malayaian448 words
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Article62 1989-12-12 26 AP PRESIDENT Suharto said yeaterday that he hopea Indoneaia will build a nuclear-generated power plant by 2015 to meet increasing electricity consumption in Java. "In 2015, the additional electricity consumption on Java alone will be 27,000 megawatta. We hope the need can be met by a nuclear-generatedAP - 62 words
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275 1989-12-12 26 AP THE SOUTH KOREAN Cabinet yesterday announced that salaries ot ranking government officials and generals would be frozen next year to set an example of wage control for Industrial and other worker*. In an emergency session in Seoul, the Cabinet alsoAP - 275 words
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LATE FILE
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Article70 1989-12-12 26 Reuter THE SOVIET Union yeeterday expressed favourable interest in a Western Initiative on Berlin when the ambaeaadors of the wartime Big Four allied powers met in Weet Berlin for the first time since 1971. The Rueaiana had earlier reacted coolly to the Weet s 1967 BerlinReuter - 70 words
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Article37 1989-12-12 26 AP A TAIWANESE inveetment group of government and local enterprieea haa offered U*****.4 million to acquire Wyse Technology Inc of the US in Taiwan's largeet buyout of a foreign firm. APAP - 37 words
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Article34 1989-12-12 26 Reuter THE EXODUS of Hongkong profesalonala seeking foreign passports is so big that it could almost halve economic growth predicted for igg7, prominent financier Francis Yuen aaid yeaterday.Reuter - 34 words
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Article48 1989-12-12 26 Reuter TALKS on the future of US military baaea in the Philippi nea have been poetponed to next year because of the coup attempt. Preaident Corazon Aquino aaid yeeterday that "perhaps we can start the exploratory talka if not in January then in February". ReuterReuter - 48 words
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Article74 1989-12-12 26 Reuter COMEX GOLD FUTURES firmed early yesterday on nervous buying following reports that Soviet Preeident Mikhail Gorbachev offered to resign amid calls to slow down his reforms. Spot gold rose US$2.5O to U*****.30 an ounce, lower than last Friday's high of US$4l5. Analysts said goto was still uneasyReuter - 74 words
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