The Business Times, 16 December 1989

Microfilm: NL16878
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI <P) 170/12/89 Weekend Edition, December 16-17 1989 75 CENTS
    12 words
  • Article
    Lock icon US October trade deficit rises by an unexpected 20pc
    150 1 Reuter THE US TRADE deficit jumped by 20 per cent in October to US$lO.2 billion, the biggest gap this year, the Commerce Department said yesterday. In a discouraging sign for US trade, exports edged up 1.1 per cent to US$3l billion
    Reuter  -  150 words
  • Article
    Local CEOs earn much less than foreign counterparts
    313 1 WITH AN annual pay packet of $310,000. tha Singaporean chief executive officer lage behind the corporate chiefs of 17 countriee, including Hongkong, Japan, Brazil and Argentina. But take into account income taxes and atatutory deductions and the local CEO fares a little
    313 words
  • Article, Illustration
    More Singaporeans picked as regional managers
    562 1  -  By WALTON MORAIS WITH Singapore assuming a greater regional role for companies, more Singaporeans are moving into regional management positions. Based either here or in the region, they are attractive to Western and Japanese multinational companies as well as large local firms because of
    562 words
  • Article, Illustration
    Stanchart Building sold for $800 m
    700 1  -  PRICE IS 20pc BELOW MARKET EXPECTATIONS By LEE HAN SHIH, AMY BALAN THE PROPERTY and financial markets ware yesterday stunned by news that the Btandard Chartered Bank building ie to be eold to 068 Land at only 1800 million 20 per cent below even
    700 words
  • Article
    Lock icon Untitled
    59 1 Reuter A US$lO.2 BILLION trad* gap and a trig rtM In import* turned Wall Strset stocks lower sftsr s higher opening y sets r day, traders said. Stocks had opanad higher on buying raiatsd to oartain futurss and options axpiratlons. Tha Dow waa down 16 points at 2,799 snd dadinlng
    Reuter  -  59 words
  • Article
    Lock icon Untitled
    60 1 AP LONDON shara prloaa wars lowsr st midday yesterday as prof-it-taking srsssd a portion of tha markets raoant gains. At 12.16 pm (1216 GMT), tha Financial Timeo-JMock Exchange 100 shara Index was down 14.7 points, or 0J psr osnt, at 2£9L9 points, but up slightly from an earlier low of
    AP  -  60 words
  • Article
    Regional markets rise slightly
    105 1 REGIONAL stockmarkets roaa yeets rdej In subdued volume. In Tefcye, ahare pricee roaa to •nuuiii rvoofy ctoo# m nxxwfate volume. The Nikkei Index roee 00.34 points to 3&271.04. The market doeod mixed although the Straits Timee Induetriala Index roee OJB point to yet another poet-Craeh high
    105 words
  • Article
    FINANCIAL MARKETS SUMMARY
    118 1 M*f ST Miakrtali Mm 144fctt(+0i5«) inn i i *****0(4^0) NST MMMoI MM 1731.94 (-5j03 Sbm3(77«J2) Tokyo NMcol Awap* 38,***** (4-9034 Uiyjt+JiT" 1 NwYo* (Dow J«h4 27S343(-744) London (FT 30 Mm) 1J7M-17) MUOOyon 1.****** S$ 1.9190 L US$***** MS. SS*****0 Bwo-S (Doe) 91-51 DM (Doc) ***** Yon (Doc)
    118 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      268 1 Nikon Z i ThoWbrid'eFlmet Photographic System. I. I The gift of love end curlers IV Page One All I'll give for Christmas 4^IP .^mgppp One world for all, but many dangers Page Two mm All the right stuff-ing Page Three Win The House of Laroche Page Four bmi I Suddan
      268 words
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      Page 1 Advertisements Column 2
      4 1 Detailed report, PAGE NME
      4 words
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      Page 1 Advertisements Column 3
      236 1 IMHatft P«0 report, PAQK 0 Regional mkta. PAOE 10 Wertd MMa, FMK 11 HISTORY IN TIME Planetarium Copernicus, handmade in 18 ct gold, individually numbered, sapphire crystal, water resistant to 30 m, sbockproof. Planetarium Copernicus The Planetarium by Ulysse Nardin combines with a pure The Planetarium indicates: stroke of genius
      236 words
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  • HOME NEWS
    • Article
      Upgraded HDB flats will not have extended lease
      628 2  -  DHANABALAN OUTLINES UPGRADING SCHEME AND COST By LILIAN ANG THE GOVERNMENT will not extend the leasee of Housing and Development Board flats beyond 98 years even after they have been upgraded. This waa announced by National Development Mlnieter S Dhanabalan at a
      628 words
    • Article, Illustration
      Lock icon More banks set up shop at World Trade Centre
      399 2  -  AIM TO TAP BUSINESS POTENTIAL IN KEPPEL AREA By DEXTER LEE Singapore banks are lining op to open brenchee at the World Trade Centre (WTC) to tap the Keppel area's business potential when it is redeveloped In the next couple of
      Pictures by ARTHUR LEE  -  399 words
    • Article
      Lend more money to debtor nations: economist
      359 2  -  By TAN KEE WEE THE DEVELOPED WORLD'S banks must do more than juet forgive part of the US$l trillion owed them by impoverished countries; they need to lend theee countries more money. In the view of a Canadian economist Profeesor James Dean, economics
      359 words
    • Article
      Kan Seng urges fund raisers to curb spendings
      172 2 THE TENDENCY among tome fund nlwfi lo spend too much monoy during their fund-raising drives must bo curbed, Minister for Community Development Wong Kan Seng said yesterday. Otherwise, the trend of showing appreciation to volunteers would eecalate, with one organisation trying to
      172 words
    • Article, Illustration
      URA trebles property sale revenue to $106 m
      393 2  -  By LEE HAN SHIH RIDING on the improved sentiment in the property market, the Urban Redevelopment Authority trebled it* revenue from the sale of properties to $100 million in the lest finencisi yesr. The yesr before, net proceeds from property sales amounted
      393 words
    • Article
      Call for unions to be alert when mergers, restructuring occur
      268 2 UNIONS must b« vigilant to prevent employera from pulling the wool over workera" tyn and gottlng them to sign their righto away during company margars or restructuring, aakl union I Un Bnnn cniei Um dooo n6ng. In an adHorlal in
      268 words
    • Article
      Record number vie for tourism awards
      160 2 A RECORD 228 entriee were received for the 1960 Tourism Awsrds. Attracting me most entries were the cstsgoriee for me Beet i ravei Article and Beet Tourist Photo Awsrds. which ssw s total of 86 entriee. Entries closed on Osc 1. The ewsrds, held
      160 words
    • Article
      New stations will improve reception for handphones
      127 2 TO FURTHER Improve the coverage of mobile phone aubecribers, Singapore Telecom has added three new beae stations. Thsy srs instslled st Housing Dsvslopmsnt Bosrd's blocka in Woodlands. Joo Seng Roed snd Simei, bringing the number of such stations to 36. Thsrs srs snothsr
      127 words
    • Article
      Thai group on official visit
      135 2 THE PRESIDENT of the Thai National Assembly. Mr Van Chansue. ks arriving this aflsmoon for an official visit at tha invitation of the Speaker of Parliament, Mr Tan Soo Khoon. Mr Van Chansue, who is siso Speaker of the Thai Senate, is leading a team
      135 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      1124 2 ARRIVALS DEPARTURES r. Operator S*rvto» Local From Operator Sarvtco Local Far uu SU SQ9I 0005 PCK/SHA HIT ANNA IY764 0040 CM/CM 0*1 OA471 0015 AIM «A SQ0M 0050 OSA MAS MH623 0035 KUL SU S0090 0100 NRT 9A SOOll 0115 IAX/NRX ®A SQ090 0130 PUK/NOO MAS MHA0I
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  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      190 2 Global temperatures and weather forecast Mt lill* Irl for Dec 1 6 liiilMhfM City Max/ Note SJ^YKeeesT*" ro ionium ••port far 24 town prior Abordoon 04/01 Windy to 7.30pm on Doc 15 at Anntordom 10/05 Showor* ok P° rh Alhom 16/09 Sumy Mm Auckland 22/17 Wbtdy AMPcNwrtdWy ~7S Bangkok 31/16
      190 words
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  • FOREIGN NEWS
    • Article
      Lock icon EC submits ideas for reform of Gatt's anti-dumping rules
      365 3 AFP THE EUROPEAN COMMUNITY .4EC) on Thursday unveiled proposals to tighten the Gatt antidumping code, which is at the centre of a trade conflict between Europe, the United States and Japan. The proposals will be formally submitted to the Uruguay Round
      AFP  -  365 words
    • Article
      Lock icon Miti proposes plan to help US car-parts makers
      234 3 Asahi JAPAN'* Ministry of Inter- national Trad* and industry (Miti) has proposed a pian undsr which car industry associations in Japan and tha United States would i work togsthsr to expand US exports of car parts to Ja- pan, Japanese officiais said
      Asahi  -  234 words
    • Article
      Lock icon Institute predicts trade deficit for South Korea in 1990
      246 3 AP SOUTH KOREA will poet its first trade deficit in five .years in 1090 if the exchange rate between the I Korean won and the US dollar remaine at the present level, the Korea Institute for Economics and Technology predicted on
      AP  -  246 words
    • Article
      Lock icon Aquino signs incentive law for small businesses
      219 3 AFP PHILIPPINE President Corazon Aquino on Thursday signed into law an act waiving taxes snd othsr government regulations on smsll-scals countryside businesses for a period of five years. The "Lew of 20", pstterned after a similar model in Italy, acknowledges the rote of
      AFP  -  219 words
    • Article
      Lock icon Two German states ito cooperate in trade
      202 3 AFP EAST ANO WEST German officials decided on Thursday at a meeting in East Berlin to launch large-scale economic cooperation, while inaisting on their membership in different European economic blocs. West German Economy Minister Helmut Hsussmann said, after talks with Esst German Premier
      AFP  -  202 words
    • Article
      Lock icon Beijing offers reward for finding investors
      204 3 AP BEIJING City haa announced it will offer cash rewards to Chinese returning from overseas who help introduce foreign investment in the city, an official newspsper said on Friday. The Beijing Dally said the Municipal Overssss Chinese Affairs Work Meeting also decided thst rslstives
      AP  -  204 words
    • Article
      Lock icon Japan and EC to hold trade talks next year
      210 3 AFP JAPAN and the European Community (EC) intend to hold a ministerial conference next year to discuss trade issues that will include Japanese car access to the single EC market of 1003. Japanese Foreign Minister Taro Nakayama and Commissioner Frans Andriessen,
      AFP  -  210 words
    • Article
      Lock icon Suharto pledges to protect tropical forests
      217 3 AFP INDONESIAN President Suharto on Thursday said the country's drive to develop its pulp and paper industry will not be allowed to ruin its tropical forests, some of the largest remaining in the world. "In developing industries which use forestry products as raw materials,
      AFP  -  217 words
    • Article
      Lock icon Up to 7pc growth expected for Indonesia next year
      362 3 AFP INDONESIA'S economy should grow by up to 7 per cent in 1900 if there were no external shocks and ths government continued its deregulation policies, presidential adviser Sumitro Djojohadikusumo said. Press reports on Friday quoted Mr Sumitro, a noted economist
      AFP  -  362 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      156 3 I) E WAR'S jPROFILE: I PEDRO JUEZ II» )MK: .spam m |»|;< >|'KSSI< >N riving instructor since 18 years ot Tv\ i< <- Spain < hampion f<»r i:li'lini* "S(i sT) K llopl'A r«.l!\ 11. tl> Hit Iter uit li ;ii< >t i >!. v\ ii ti<»ut it iii .i I>.ill<m»ii.
      156 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      39 3 Doonesbury by garry trudeau GOSH, IPT N I -ueu»tiT!\ m..No, *XX/& OUR* THANK YOU, PBMKkSt! 1 FIOMMCXW- SEAN PBNN? HIMSELF. f/NORTTB '80s McfiAPBR! 1/ BP. HffiS l imN! lAL&RL!) &B&OFFTHE TOO OJOSOX, TM GONNA V mSTIHEb yOUR fACe OFF!
      39 words
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Eurobond backed by LBO loans launched in London
      247 4 FT THE FIRST public Eurobond backed by bank loans which hava financed US leveraged buy-outa was launched on Thursday in London. A diversified portfolio of LBO loana, including namea auch aa RJR Nabisco and Black and Decker, underliea the US$62O million transaction.
      FT  -  247 words
    • Article
      Forex markets
      1045 4 SINGAPORE: The US dollar ended little changed yesterday against the mark and yen in dull and lackluetre trade, with moet dealers staying on the eidelinee ahead of the release of US indicators last night Players were aleo reluctant to take poeitione to avoid rieking 1989 profits and most
      1,045 words
    • Article
      Precious Metals
      358 4 lIONOKONCL Qold closed higher yesterday on apeculatlve late ehort-covering by Swiss, Japaneee end local inveetors, after a day of thin dull trade, dealers seid. Bullion ended at U*****.40/90 an ounce against New York's USS4O6.2S/75 dose and an initial U*****.40/90. "The releeee of US economic indicators due later today
      358 words
    • Article
      Comex gold/silver futures
      160 4 Gold futures on Docombor 14, 19M 100 Iroy ouncaa; USS par troy ounca Law Mh °*c ***** 404.00 ***** 40U0 >0.30 ***** -aio Nb 411.to 414.30 401.30 ***** A10 Apr ***** ***** 41X30 ***** 41M0 424.00 41X50 43X70 -IOiIO A«g 4 30 JO ***** ***** ***** -10.
      160 words
    • Article
      Asian dollar market
      227 4 ASIAN DOLLAR deposit rates yesterday closed at their opening levels In quiet trade, with the market swsiting the 1330 GMT release of US October trade and November producer prtcea data, deelers said. "We will have to examine the data cloeely. especially the trsds figures, before deciding sbout
      227 words
    • Article
      Lock icon Simex
      635 4 Reuter SIMEX Euro do Bar futures yMtmtay wdad steady to •lightly lower after moderate two-way trade. Dealers said the market was waiting tor yeeterday's release of US October trade data and November Producer Price Index. "We will scrutinise the data carefully before making any commitment next week," s dealer
      Reuter  -  635 words
    • Article
      Lock icon IMM
      262 4 Reuter IMM CURRENCY FUTURES ended a quiet Thursday afternoon steady to alightly lower as profit-taking forestalled additional gaina. After several days of rising prices, traders said contracts were due for s correction so dealers could cash In profits and wait for the release yeeterday of US data. Traders adjusted
      Reuter  -  262 words
    • Article
      Money markets
      52 4 THE overnight rata on the Singapore money market waa 3/8 point lower at 5 par cant yaatarday. Short-term ratae ware 1/16 point higher. S$ InNrfaonk rotes of lh« dot# yiitirdoyt ow« as 0—i rt* S 4 7/1 1-Mh 5 ll/li Ui* $11/14 It/It Mi 111/14 St/14 O m<ii
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    • Article
      Government securities market
      93 4 Treasury bills Parted Issue Yesterday's dosing Day's code Maturity NO om MGH LOW 3 months IQ*****T 15.03.90 474 449 6 montfa BS*****V 1101.90 474 449 1 year IY*****Z 18.10.90 443 4JI Qovsrnmsnt notes and bonds Ported Issue Maturity Coupon Yesterday's closing Day's -T-* code rate MO OM
      93 words
    • Article, Illustration
      World interest rates
      134 4 IS Ma la «>«• Interbank marfc«t ralM (oflw/bkf) on D#c 15 UU DM SWFC Y« 7 1/1 IS l/«—IS 7«/t« —7/1* IV4-IS/I *7/1* S/U ISI/W 77/1 a 3/4 —a s/a «IV)«— n/»* > 7/1* IS VI*—1/1* «/»*—l/l* —7/1* 11/1* 9/1 i *>/• —*1/4 IS l/l* 14 is/l*
      134 words
    • Article
      Options
      1121 4 CURRENCY FUTURES OPTIONS Friday Pocowbor IS 1989 OmMmBi OMOOpMi 51 S3 94 MMMNVMPU) Omrnmrn Ornmpm 71 72 71 73 CURRENCY FUTURES OPTIONS IMM Dmday, D*c 14, 1989 Win POUND MUM coato par C uw vii Mi Mi aw 14* ISM X» Mi *70 MB 144 UO IS7S lit IM
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon HK bankers see poor China business next year
      436 5 Reuter HONGKONG BANKERB predict poor business noxt year In the* once-lucrative lending to China, and say if s not just political falll out from this summer's military crackdown in Beijing that la to Mama. The main problem la China'a economic weakneee. which
      Reuter  -  436 words
    • Article
      Indian offshore services firm signs US$ 9.6m loan
      153 5 BOMBAY Offshore Suppliee and Services (BOSS) of India is tap- ping U819.9 million in the Asian dollar market through an eight- year syndicated loen. Merchant bankers ANZ Singa- pore arranged the loan which was signed in Singapore yester- day. Providing toe hinds
      153 words
    • Article
      Lock icon Cagamas to issue longer term bonds next year
      360 5 Bernama CAQAMAB CORPORATION Bhd, Malaysia's national mortgage corporation, la expected to iaaue bonds with a term longer than the current five years from next yeer to bridge the gap In mar-ket-determined prices for bonds of five years and 10 years. Its general
      Bernama  -  360 words
    • Article
      Lock icon Inflation, yen to top new BOJ chief's agenda
      388 5 AFP TAMINQ INFLATION and strengthening the yen against tha dollar will be the prtorttiee of newly appointed Bank of Jepan Governor Yashushi Mleno, who takes office on Monday. Officially named to the poet yesterdey, Mr Mieno. 66. takee over from Satoshi Sumita,
      AFP  -  388 words
    • Article
      Lock icon Japan issues guidelines for foreign fund managers
      324 5 FT THE JAPANESE Ministry of Flnsncs has publlshsd ruiss wtilch will govsm ths Miry of foreign companiss into the fast-growing Invsst msnt trust industry, In ths latsst movs In ths llberalisstion of Tokyo's financial markets. For sign fund msnsgsrs on Thursdsy welcomed ths
      FT  -  324 words
    • Article
      Lock icon Concern mounts over UK equity warrant market
      489 5 Reuter CONCERN is growing •mono London-bessd equity wsrrsnt bond msrket maker® about the future of their largely unregulated snd highly profitable business sftsr Jspsnsse moves which could shift the playing field to Tokyo. "It Is something which the msrket is very concerned shout."
      Reuter  -  489 words
    • Article
      Lock icon Bundesbank aims to rein in inflation next year
      420 5 Bank cautious about European monetary union FT WEST GERMANY'S central bank, the Bundesbank, has sat a money supply target for 1900 that made dear its determination to hold down domestic inflation, while aleo stressing price stability as its main priority in the
      FT  -  420 words
    • Article
      KL acts to make insurance firms submit accounts
      296 5 ALL INBURANCE COMPANIES In Malaysia will have to submit their annual account* to Bank Nsgara whan propoaad amendments to tha Inauranca Act. 1963. ara approved. ma cantral bank deputy govarnor, Datuk Or Lin Saa Van. Mid on Thuraday. Or Un. who is
      296 words
    • Article
      Lock icon Mexico opens state banks to foreign participation
      333 5 FT FOREIGN PARTICIPATION in Mexico's state-owned commercial banks ia to be permitted undsr legislation approved by the Chamber of Deputies on Wsdnssday. Foreign investors will be able to buy up to 34 per cent of new non-voting "C" sharea. The govsrnment will retain
      FT  -  333 words
  • Page 5 Advertisements
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      34 5 OLLAR$ AND NON$EN$P® it i» I; f i 'v v.. fortSi-i /fit.VVV' Am fcs.&:* <••• 3 v.. .7 K nc*»to>Vr \~j, "Who's the big cheese, the head hortcho, the top banana around here?" ~..~J "Speaking.
      34 words
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  • COMMODITIES
    • Article
      South African platinum reaping benefits of green movement
      374 6 THE GREEN REVOLUTION means big business for South Africa's platinum induatry the metal la a key weapon in the fight againat smog and acid rain. South Africa providea 60 per cent of supplies to the West snd will boost output of the
      374 words
    • Article
      Lock icon Bitter cold good for Opec
      99 6 Reuter BITTER COLO in North America and Europe ie supporting oil prices and giving Opec what some market analysts on Tueeday called a lucky breek. The Organisation of Petroleum Exporting Countries laat month set a celling on future output higher than many pundits thought Justified.
      Reuter  -  99 words
    • Article
      KL Tin
      134 6 THE KUALA LUMPUR Tin Marks! (KLTM) price lefl 19 sen to ctoee M M918J7 a .H M Kg anvr rising tot seven consecuthrt treding dsys, IMy h^been change (LME), which The tofl was Mse eMrtoutod to aw toMel Mgh oflsrarjLsr or i 1 Rnai tornever setted at Jepaaeee
      134 words
    • Article
      Santos confirms new Timor Sea oilfield
      127 6 JOINT-VENTURE driller Santos Ltd said in Perth on Thursday that final production testing had confirmed its discovery of a new oilfield in the Timor Sea between Auatralia and Indonesia. The compeny said in a statement that the Talbot No 1 well had flowed an
      127 words
    • Article
      Rubber
      208 6 SINGAPORE: Rubber pricee yeaterday cloaed quietly steady, with January 1 RSS buyer quoted at 159.50 cents a kg. unchanged from Thursday'a revised 150.50 cents. Prices hovered within a narrow band from morning's levels. On the TSR-20 Award market pricee eased marginally In the afternoon on iignt slop-toss sailing. January
      208 words
    • Article
      Palm Oil
      547 6 MALAYSIAN CftUOC PALM (ML FUTURES yesterday turned steadier on shortcovering activitiee on Iho Kuala Lumpur Commodity Exchange doapito reports of higher stock ftgurea for end-November. The Palm Oil Regiatration and UcenaJng Authority (Porla) yeeterday announced that Malaysia's total palm oil atocfcs have rlaen by another 12.30 per cent
      547 words
    • Article
      Produce Prices
      173 6 S#N#n' non doting pricM OH Ok 14 (SI/100 kg) Coconut ol M KM 81.00 Old dram FOt 91.00 Nw dram FOt 95jOO Copra Mtod (Ioom) 4240 PtDMr ■r™ 1 MmMi KM NIW 422.30 KM foq NIW 412J0 jETWRR ***** Modi FOt NIW *****N lanpong biack FOt Amm NIW
      173 words
    • Article
      Lock icon Crude Oil and Products
      137 6 Telerate Fuel oil prices were little changed from the previoue day. Prompt barrels commanded a $1-2 MT premium over secondhalf Jan BBLs. Sentiment was mixed following a softer overnight Nymex close, and weaker London and Sim- ex markets. Short-term fundamentala were strong supporting factora for spot
      Telerate  -  137 words
    • Article
      Lock icon Wheat
      165 6 Reuter CBOT soft red winter wheat futuree closed higher on Thursday on weather concerns. Heavy fund account buying offset light commercial selling. "With the cold weather, funds are covering because they're worried about what damage will be done to the crope," said one trader. Harsh temperatures in western areas
      Reuter  -  165 words
    • Article
      Lock icon Soybean
      71 6 Reuter CBOT soybean futures ended higher on Thursday as frigid weather sparked commission house buying. Traders said soybean movement was sharply curtailed by snow and frigid temperaturee. "The cold weather (promoted) more feed use." said one trader. Rosenthal-Collins was the prominent buyer, purchasing about 12 million bushels of soybeans
      Reuter  -  71 words
    • Article
      RAS and MRELB
      324 6 RA8 prices S omMi, poa In bates NOON ooa < ,y a pvjwn MN«n wytfi Mitfi tat 1 RSS Prompt 157JO 156J0N 157JO 158J0 tat 1 RSS ten 90 159JO ***** 159 JO ***** tat 1 tSS Nb 16X00 162J0 ***** 162J0 tat 2 RSS Of *****
      324 words
    • Article
      London Markets
      193 6 London Commodity Exchange luytr/Stlif doting pricot on Doc 14 (£/*omo union »podHod). ProvfcMM dosing pricot In poi mltwiii Jon 661/602 (662/663) KNgti/low 667/661 Mor 662/663 (661/662) »80i/low 665/660 Sate* (1934) Cocoo Dm 636/640 (675/680) Mgti/low 670/640 Mar 623/626 (652/653) Hgh/low 646/623 SoWt (*****) No 6 FOB (US$/tonno) Mor
      193 words
  • Article
    SHIPS IN PORT
    1107 6 AT CONVENTIONAL WHARVES VmmI Voy No ■wftAntMl Departure Kappal Wluiuw a olongside 14.12/1200 Coral Pcess 499 (PI K36 alongside 15.12/ 1745 Cqwotor Grac 18/89E K20 alongside 16.12/ 0600 Goldloof 53W K2B alongside 16.12/0700 Johneverett 92E K19 olongside 16.12/ 1200 Koto Atom E-829 K3I olongside 16.12/ 2130 Koto
    1,107 words
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      Page 6 Advertisements Column 1
      98 6 Contact number of telephone onboard veaaela (Tan|unq Ptgar Terminal) Section 1 Socrion 2 Socllon 3 Berth tolophone Berth telephone Berth telephone CI *****20/*****92 C 4 *****24 C 8 *****63 CIN *****20 C 5 *****43/*****45 C 9 *****84 CIS *****92 CSN *****43 CIO *****70 C 2 *****51/*****53 CSS *****45 Cl 2
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SIA tie-up with Swissair seen as defence against 1992
      585 7 Reuter SINGAPORE AIRLINES' tie-up with Swissair to a timely move for the Mend's flag carrier to countsr any threet from a single European market by end-1982. "The tie-up Is a positive development," Merrill Lynch (Singapore) reeearch analyst Hefidzah Hasan said yesterday.
      Reuter  -  585 words
    • Article
      Lock icon M$42m fund launched to invest in smaller firms listed on KLSE
      458 7 Bernama A NEW Ms42-milllon London* bessd fund has boon launched to invest in aharss of smaller companiss listed on the Kuala Lumpur Slock Exchange (KLSE) for long-term capital gains. Malaysian Smaller Companies Fund (Cayman) Ltd, the company Incorporated to
      Bernama  -  458 words
    • Article
      COMPANY BRIEFS
      112 7 INTRACO LTD said its purchase of a 21.23 per cent stake in Hongkonglisted Burwill Holdings Ltd for HK571.25 million will not have an impact on the company's performance in 1969. However, it is expected that Burwill's operations will contribute towards Intraco's income in 1990. THE KUALA Lumpur Stock
      112 words
    • Article
      IJM's new deals bring the total to over M$750m
      393 7 UM ENGINEERING A Construction, the construction srm of the IGB group, has bagged Ms32o million worth of contracts as of November, bringing Its total contracts In hand to more than MS7SO million to-dato. Managing director Goh Chye Keet says UM is
      393 words
    • Article
      Kedah Marble set to post maiden profit
      344 7  -  -•9 BOEY KIT YIN KEDAH MARBLE Sdn Bhd. in which trading company Intraco has a 12.5 per cent stake, will turn In Its first ever annual profits next year, said general manager Salahuddin Hashim. He revealed this when -a liinUW rw oriuWj rriiTw
      344 words
    • Article
      Lock icon KLSE turnover up 44pc after exchange spilt news: survey
      176 7 AFP MALAYSIA'S decision to split the Kuala Lumpur Stock Exchange (KLSE) from its Singapore twin has boosted average dally turnover of the KLSE by 44 per cent to M 5100.6 million. A survey by Malaysian securities firm Arab-Malay-sian Securities said yesterday
      AFP  -  176 words
    • Article
      F&N group profit jumps 26pc to $62.9 million
      485 7  -  MALAYAN BREWERIES POSTS 14pc RISE IN INCOME By ELAINE KOH BEVERAGE GIANT Fraeer ft Neeve Lid, which achieved a bil-lion-dollar turnover last year, has chalked up enother bumper yeer with group net profit rising 26 per cent to $62.87 million. Turnover roee
      485 words
    • Article, Illustration
      Lock icon Kesang expects M$l4m turnover from mines
      421 7 Bernama KESANG CORPORATION Bhd haa projected a turnover of M 614.7 million from its gold opsratione in the Philippines for the first financial year ending in June 1960. The net profit is expectsd to be MsB.7 million, of which Keesng, holding 60 per cent
      Bernama  -  421 words
    • SES
      • Article, Illustration
        Adverse talk depresses property counters
        754 8  -  ABDUL HADHI BEARISH speculation on tho property market dampened sentiment on the Singapore stock market yesterday. Brokers said property stocks bore the brunt of silling following rumours that the Standard Chartered Building attracted only one bidder and that the sale price was substantially lower than
        754 words
      • Article
        SINGAPORE STOCKS
        228 8 Rises Ambassador 150 +11.1% +15 Sporo Fodder 122 +4.3% +5 lum Chang Wrts 92)4+3.9% +3H Straits Trading 382 +34% +U Staamors 20# 145 34% +5 Imo-Padfk 136 +3.0% -1-4 hno-Pac TSt 94 60 +2.6% +1V4 Lum Chang 50# 158 +24% +4 HTP HkJgs 50# 105 1.9f +2 Nat
        228 words
      • Article
        MALAYSIAN STOCKS
        230 8 Rises Tatam Cerpn 390 +21.9% +70 Ay«r HNam Tin 155 +14.0% +19 larot Tin 241 +12.1% +26 Talp Com 50# 360 +10.4% +34 R«nong Bhd 50# 69M +6.1% +4 Kwnoyon 50# 104 4j4> +4X Kump Emas 50# 143 +4jA[ +6 KMangCorpn 203 +4J<|, +8 Com Plant 50# 170
        230 words
      • Article
        Unit trusts
        296 8 Monog*n' prtc«i Royal Trust Asset Mgt for D«e 16 18 n s-por* Gr Fund ons* am* IT Aria-Ftac Gr Fund 10$ I II OCSC-SIMBl Invastnwnt Tha Savings Fund 106 1.12 Sa»ao Capital Fund I.II 1.14 S'pori Prog Fund 047 0.51 Wl TruM Fund I OS I K} S'pora
        296 words
      • Article
        COMPANY MEETINGS
        56 8 KECK WHO (MALAYSIA) BERHAD: EQM at Dawan Johor, Mezzanine Floor, Holiday Inn. Cantury Oardan. Jaian Dato Sulalman. *****. Johor Bahru, on Dac 20. Wadnaaday, at 11am KUMPULAN EMAt SKO: 16th AQM at Polnaattia Suites 112, Sacond Floor. Towar Block. Patallng Jaya Hilton, No. 2. Jaian Barat. ***** Patallng
        56 words
      • Article
        SES SHARE INFO ----- SESDAQ STOCKS
        261 8 SES SHARE INFO SESDAQ STOCKS t-j Qr*a 1,t f _5[ L*t Vd Day LmI QmoU Dtv Mr YTd Mat M Cap Mgh L«w Coda Company Sala +ar- (*000) High Low Bwyar Sallar CVr Pft SmN DEC IS 8E80AQ 12* 22 184 +1 185 154 154 e.0N >6 os t# 5
        261 words
    • Article
      SES SHARE INFO – S'PORE STOCKS
      5781 8 SES SHARE INFO S'PORE STOCKS ifc 1 t G Tol •■lo +or0CC1S Vol rm Of Lt Laal One) m Sapor Sol 10 lor ara 8 Mr Dfcr 1 Cor ra ru n F M m ■s 330 n% 44 •1 46* flfitt 87 m tn 74 166 282 157 It
      5,781 words
    • KLSE
      • Article, Illustration
        Share prices slip
        3608 9 THE Kuala Lumpur slock market flnishsd mixed to essisr yesterday In spits of intsrmlttsnt light buying support in fairly acthrs trading. Pries changes were, however, marginal. A dealer said the corraction was neaitny as tn6 market had been on sn ascent for more than three Reflecting the
        3,608 words
    • REGIONAL MARKETS
      • Article, Illustration
        Rally continues
        1195 10 Hongkong THE bull run which started on Tuaaday aiowad Ita paca alightly but •till I puahad tha main alock InI dax up to a poat-Juna 4 Mgh yaatarday. Tha Hang Sang Indax i I roaa 18.82 polnta to 2,888.87, rapraaantlng a 5.1 par cant gain ovar laat Friday
        1,195 words
      • Article, Illustration
        Lock icon Mixed trading
        420 10 Tokyo Reuter SHARE PRICES were up end at a record ctoee in mixed, moderate trading yesterday after arbitrageurs won a tug-of-war with profit-takers. Typical Friday lethargy coupled with caution before the US 'Triple Witching Day" and key US economic data kept eome in vectors sidelined, brokers said. The
        Reuter  -  420 words
      • Article, Illustration
        Lock icon Stocks close higher
        413 10 Australia Reuter A LATE ROUND of buying In selscted quality docks helped lift Australia's shsre market to a firmer doee yeeterday. The All Ordinaries Index finished 3.1 points higher et 1.617.5, up from its eerfy low at 1,611.5. Brokers said Interim reeults from market leeder BHP marked
        Reuter  -  413 words
      • Article, Illustration
        Lock icon Ex-chairman of Recruit pleads not guilty
        441 10 Reuter HIROMASA EZOE, the former chairmen of Recruit Company and the alleged mastermind behind the biggest political scandal to rock post-war Japan, has pleaded not guilty to bribery chargss. Ezoe and former Cabinet Secretary Takao Fujinami told the Tokyo District Court ysetsrday the cut-rate
        Reuter  -  441 words
      • Article
        Lock icon Evergo details privatisation plan for Chinese Estates
        231 10 Reuter EVERGO INTERNATIONAL Holdings Co Ltd and Its subsidiary Chinese Estates Holdings Ltd hava announced detailed proposals of Evergo's plan to privatise Chinese Estates. Evergo, holding 56.3 per cent of Chinese Estates, offered to pay a total of HKS2 billion to minority shsreholders
        Reuter  -  231 words
      • Article
        Lock icon Taipei: Higher In late rally
        292 10 Reuter TAIWAN share prices pulled out of an sariy slump and ended the day stronger yestorday as bargainhunting investors went on a shopping spree in the final hour of trading. The weighted index ended up 140.86 points, or 1.6 per cent, at M 68.46 against
        Reuter  -  292 words
      • Article
        Lock icon Bangkok: Mixed finish
        148 10 Reuter PROFIT-TAKING yesterday on cament and mining blue chips ahead of tho weekend doprooood the Thailand clock indax and •ignaliod the start of a consoiidalory phese which should dominata nsxt week, brokers said. Ths SET Indax slipped 6.89 points to closa at 827.81 in vary activa trada.
        Reuter  -  148 words
      • Article
        Lock icon Bombay: Prices finish mixed
        210 10 Reuter BOMBAY share pricee recouped early losses yeetsrday to finish mixed on scsttsred buying by stats owned investmsnt trusts, brokers said. Market operators prefsrrsd to eeil off outstanding poeitlone In dismsy over a government movs to delay the 190CV91 budget normally at In end of February,
        Reuter  -  210 words
      • Article
        Lock icon Seoul: Prices fall in active trade
        147 10 Reuter SEOUL stocks toll in aoUve trading yeatorday as Individual Investors took profits from three coneecutive days of sleep galne, brokers said. The compoeite index near Ihe dooe was down MO points to 919.30. Volume was 30.4 Mllion won againet 33.4 Mlllon the day
        Reuter  -  147 words
      • Article
        Lock icon New Zealand: Higher close
        133 10 Reuter NEW ZEALANO shares recouped almost all of Thursday's lossss to end sharply higher on moderate turnover yesterday. Brokers eaid the announcement by Chase Corp of a NZ$B4l million group loos lor the year did not affect trading beceuee it came right near the end of
        Reuter  -  133 words
      • Article
        Lock icon Manila: Losses trimmed
        126 10 Reuter MANILA stocks fell sharp-' ly yesterday on new coup forecssts and grenade attacks on US buildings In the Philippine capital, but recovered slightly because of rumours a rebel coup leader had been captured. The Manila composes index fell through the paychoiogical 1,000-polnt barrier to reach a
        Reuter  -  126 words
    • WORLD MARKETS
      • Article
        Lock icon Chase Corp suffers largest loss in NZ corporate history
        470 11 Reuter PROPERTY and investment company Chase Corp Ltd haa ruled out liquidation in the praaent market after announcing the largeet loaa in New Zealand's corporate history. "A liquidation in the current market would reault in moet unsecured lenders and creditors, including
        Reuter  -  470 words
      • Article
        Lock icon British govt considers giving up 'golden shares'
        241 11 AP BRITAIN'S Conservative government hss signaled that it might give up certain "golden shares" In privatised industriee which protect companies from hostile takeover bids and limit foreign ownership. The Department of Trade and Industry in London confirmed on Thursday that it has reservations
        AP  -  241 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1444 11 Reuter AMSTERDAM: Dutch ilitre prices recovered from earlier loeses to trade mixed at mid-cession yesterday, helped slightly by a steady dollar in a thin market ahead of the release of US economic data due in the afternoon. The EOE real time 25-share index stood st 292.12 at
        Reuter  -  1,444 words
      • Article
        Lock icon Xerox sues Apple over Macintosh and Lisa copyrights
        377 11 NYT XEROX CORP has filed suit against Apple Computer Inc. aocueing it of unlawfully using Xerox copyrights in its Macintoeh and Uea computers. Xerox's suit, which waa filed in federal Diatrict Court in San Francisco on Thursday, chargee Apple with copyright misrepreeentation
        NYT  -  377 words
      • Article, Illustration
        Lock icon Shares lose ground at midday
        785 11 London AP LONDON share prices were lower at midday yesterday as profit-taking erased a portion of the market's racant gains. Dealers said evidence that the market's recent rally may be running into overhead reeistance, aa well aa fears of an impending downturn in Brttiah corporate
        AP  -  785 words
      • Article, Illustration
        Lock icon BA has a headstart in preparation for 1992
        714 11 BRITISH AIRWAYS' TIE-UP WITH SABENA, KLM Reuter BRITISH AIRWAYB pic's link-up with Sabena SA and KLM Royal Dutch Airfinee is expected to give the airline a headstart aa Western Europe prepares for a freer air travel market As part of its drive
        Reuter  -  714 words
      • Article, Illustration
        Lock icon Blue chips reduce early losses
        761 11 New York Reuter SHORT-COVERING (wiped US blue chips regain much of their lota— on Thursday, though ths market generally was still down broadly. Ths Dow Jonas Industrial Average was off 7.40 at 2.753.63 sftsr falling sarllsr to 2.742. Declining issues led gainers by 1,001 to
        Reuter  -  761 words
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      Page 7 Advertisements Column 1
      297 7 I fMTKf Straits Steamship I IC 2 Land Limited I ■■W (a dMSKmo<Keppel Corporation Urmed) H I ANNOUNCEMENT I I Theßoardof Directors of Straits Steamship I Land Limited ("the Company") wish to I announce thai in compliance with the policy of I the Stock Exchange of Singapore Ltd ("SES") announced
      297 words
    • Advertisement
      Page 7 Advertisements Column 2
      30 7 Precision I IHHHRRSh I m KFvlfl elenSnts: for men Shop: #03-07 The Promenade. Orchard Road Tel: 732 6448 elected range also available at Tangs. Tangs Studio and Gaieries Lafayette (OUB)
      30 words
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      Page 10 Advertisements Column 1
      284 10 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 80 AND IN THE MATTER OF WALTON (PTE) LTD (Incorporated In the Republic of Singapore) At an Extraordinary General Meeting of the members of WALTON (PTE) LTD duly convened and held at #13-01 Ten San Building, 388 Orchard Road Singapore 0023
      284 words
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      Page 10 Advertisements Column 2
      380 10 M THE MATTER OF THE COUP AMIES ACT,CAP. 10 AND M THE MATTER OF HUNT CHEMBAL ASIA/ PAORCTRAOMQ PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extreordkiary General Mooting of tie members of tw abovanamedcompony duly convened and Md at No. 0, Tuaa Avenue 10, Singapore 2203.
      380 words
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      Page 10 Advertisements Column 3
      383 10 SI THE MATTER OF THE COMPAMES ACT, CAP. 80 AND SI THE MATTER OF OUN HUNT SPECIALTY PRODUCTS PTE LTD (W IMfUMfw vOWIMmIJ NOTICE OF RESOLUTIONS At an Etnordbary General Meeting of tie mambers of the abovsnamod company duly convaried and haM at No. 0. Tuaa Avenue 10, Singapore 2263,
      383 words
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      Page 10 Advertisements Column 4
      392 10 M THE MATTER OF THE COMPANIES ACT, CAP. 80 AND M THE MATTER OF OUNAStA/PAORC (HOLDMGS) PTE LTD (In Mamborr Vokmtofy Liquidation) NOTICE OF RESOLUTIONS At an Extreordkiary General SA%A aiaflmam Meoong 01 in# momoort oi m# abovsnamod company duly oocv* varied and held at No. 0. Tuaa Avenue 10,
      392 words
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      Page 10 Advertisements Column 5
      188 10 LOST SNARE CERTIFICATES The foiowng share certificate! have been reported lost, destroyed or mWatd:SETRON (MALAYSIA) BERHAD Cert. Not. In *te name of No. of Shares/ Stock UnSs 8 ***** Antfcotan NahcTwtul Ixlooo Mam Deriatu B ***** Joafar Mohd Jaw* lxljOOO B 0886 Permodalan Sabah Bhd lxljOOO B 1193 do 1
      188 words
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      Page 10 Advertisements Column 6
      19 10 Seoul prlcee wara not available. The Jakarta report wee not available. When we say business we mean just that
      19 words
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  • Article
    Lock icon Fed expected to ease credit soon to boost economy
    577 12 Reuter THE US Federal Reaerve will eaae credit soon to pump new Nfe Into the economy, and that move ia likely to be followed by farther eaaing in 1080, economists said. The next move'a precise timing is no sure bet, but
    Reuter  -  577 words
  • Article
    Lock icon Japan's GNP seen expanding
    114 12 AFP FOUR major Japanese stockbroking Arms on Thursday predicted that the Japanese economy would grow at least 4.6 per cent in the fiscal year to March, 1900, and 4 per cent or more next year. Nomura Securities Co. Japan's largest securities company, said in a report
    AFP  -  114 words
  • Article, Illustration
    Continuing tight supply expected to cause world cement prices to rise
    396 12  -  By By BOEY KIT YIN CEMENT PRICES in Singapore and around the world have yet to peak because of the product's continuing tight supply, Tunku Oato Seri Kamel, international sales and marketing manager of Kedah Cement Sdn Bhd, said
    396 words
  • Article
    Lock icon Taipei firms to invest M$200m in Perak
    173 12 Bernama TAIWANESE electronic and electrical appliance makers plan to inveet about MS2OO million in Perak, according to the Taiwan Electric Appliance Manufacturers' Association. Its chairman, Mr LF Hsieh, said in Ipoh on Thursday that the investment was part of the Msl billion which
    Bernama  -  173 words
  • Article
    Lock icon Nobel laureate Sakharov dies
    151 12 AP AFP ANDREI SAKHAROV, father of the Soviet hydrogen bomb, winner of the Nobel Peace Prize and a symbol of Soviet dissent, died in Moscow on Thursday at age 68. Yefrem Yankeievich, Mr Sakharov's son-in-law, said the revered human rights activiat died alone in hia study
    AP; AFP  -  151 words
  • Article
    Lock icon World growth expected to be 3.1 pc
    130 12 AFP THE WORLD ECONOMY ia expected to grow by 3.1 per cent in real terms next year, says the Bank of Tokyo on Thursday. World groaa national product (GNP) growth this yeer, excluding the Soviet Union and Eastern Europe, is slower than the
    AFP  -  130 words
  • Article
    Lock icon S Korea has no plans to devalue won or cut rates, say officials
    327 12 Reuter AFP SOUTH KOREA has no plans to cut interest rstes further or artificially devalue its currency to help spur the slowing economy. Economic Planning Board officials said In Seoul yeeterday. "We are not considering such measures
    Reuter; AFP  -  327 words
  • Article
    Japanese electronics Arms to import more foreign chips
    96 12 IN THE FACE of sharp criticism from overseaa for Japan'e huge trede surplus, three major electronics firms said yeeterday thet they are planning to import more foreign-made semiconductors, parts and finiehed producta over the next few yeers. Toshiba Corp. Matauahita Electric Induetrial
    96 words
  • Article
    Lock icon Philippine situation a little explosive: General
    536 12 AP Reuter HUNDREDS of Philippine troop* wore rushod to the southern city of Davao yesterday amid reports thet rebel soldiers plsn new attacks against President Corazon Aquino, while a general termed the situation "a little bit explosive". Brig-Gen Mariano Baccay said in Davao. 960
    AP; Reuter  -  536 words
  • Article
    Lock icon HK-based bankers predict booming time in Southeast Asian lending market in 1990
    393 12 Reuter HONGKONG-BASED international banks are expecting a boom in lending opportunitiee in South-eaat Aaia in 1000. with many planning increaaed exposure to several countriee in the region. Bankers aaid that the lending business would be dominated by petrochemical
    Reuter  -  393 words
  • Article
    Lock icon Yuan devalued by 21 pc against foreign currencies
    409 12 AFP IN A long-expected move, the Chineee government announced yeeterday that it waa devaluing the yuan by 21.2 per cent against foreign currenciee. Foreign bankers aaid the devaluation. the first sinoe 1000. should give a shot in the arm to axporta Just
    AFP  -  409 words
  • Article
    Lock icon Beijing tries to allay fears of private sector
    295 12 Reuter CHINA yeeterday tried to reeesurs its nervous private sector that the Communist Party was not trying to put It out of businees. But Chinese entrepreneurs and Weetern diplomats said the party, which has come under the control of hardliners since reform
    Reuter  -  295 words
  • Article
    Lock icon Comex gold end silver
    78 12 Reuter COMEX gold futuree moved up on buying by profeeeionala yeeterday morning after the market ahrugged off US economic reporta. February gold roee U852.40 to US$4l5 JO an ounce, penetrating Thureday'a high of U*****.20. Comex ailver futuree roee in sympathy with flrmar gold prtcas In mod«rat«
    Reuter  -  78 words
  • LATE FILE
    • Article
      Lock icon Go-ahead for EC banking law
      37 12 Reuter THE EUROPEAN Community, after two yeers of often hooted doboto. gave the go-ahead yeeterday to a •weeping new law which aims to create e unified Europoan banking market alter 1902. Router
      Reuter  -  37 words
    • Article
      Lock icon NIE growth rebound forecast
      73 12 AFP ECONOMIC growth In three Aalan NjEs it expected to rebound next year following a -I AAAA SK/wOvWTI IVI IMP, Hl® inwr tuto of Developing Economlea said in Tokyo. Groos n n WI in| m, m m uomeettc rroouc* m Singapore. South Koree and Taiwan ia
      AFP  -  73 words
    • Article
      Lock icon China dampens HK election hopes
      47 12 Reuter CHINA dulMd Hongkong hopes for wideepread democracy after 1907 by declaring yeaterday that only a third of the poat-1907 leglalature would be directly elected. It alao aaid that the electoral ayetem would remain little changed for 10 yeera after 1007. Router
      Reuter  -  47 words
    • Article
      Lock icon Soviets cut arms spending by 8.2pc
      50 12 Reuter THE Soviet Union will cut military apendlng by &2 per cent to UBSII4 billion next year. It waa announced in Moocow yeetarday. The cuts were part of a programme of shifting the Boviet armed forces from an oflsnslvs to a dofenetve poeture. Reutsr
      Reuter  -  50 words
    • Article
      Lock icon GM stake in Saab unit
      45 12 AFP US CAR GIANT General Motors will take a 80 per cent stake in the car division of Saab-Bcanla, which has regietered heavy lossss since the beginning of thle year, and has made aeveral felled attsmpts to find a partner.
      AFP  -  45 words
    • Article
      Lock icon Japanese team for Singapore
      41 12 AFP JAPAN'S Labour Minietor Jofi Fukuehima aald in Tokyo yestsrdey that he would visit Thailand end Singapore from Jenuary 0 to 13 at the heed of a mlaoion made up of government. corporete end union Isadora* AFP
      AFP  -  41 words
    • Article
      Lock icon New Lome accord signed
      46 12 AFP THE 12 EUROPEAN Community mambars and 66 Third World countries signad an agrssmant ysstsrday axtsnding tha Loma accord on aid and trada for 16 years. Tha now accord will hava a budget of U8614 billion lor tha first fiva yaars. AFP
      AFP  -  46 words
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  • Executive Lifestyle
    • Article, Illustration
      The gift of love — and curlers
      988 13  - The gift of love and curlers Love and sacrifice sometimes make better Christmas presents than an electric razor that dispenses its own shaving foam, says JAIME LYE. Inspired by the 0 Henry tale, 'The Gift of the Magi", she spins this seasonal yarn about a young couple's quest for the
      988 words
    • Article
      STRAWS in the Wind
      290 13  -  Zephyr NO WONOER they want communications apadaltats In tha IT Industry. Thay certainty naad tham to decipher their own Job deecriptlons, which go somsthing Ilka thia: 'To translate requirements Involving combination and softIMAMA asfianla JIJ IAIAMMMMiiakIjiAMiMkA or wivcormnuniciuoni wig who Intograto and natwork tham Into proparty
      290 words
    • Commentary
      • Article, Illustration
        UK politicians — mere managers?
        1322 14  - UK politicians mere managers? NEVILLE STACK The writer was editor of the Leicester Mercury, a big British daily paper. Until recently, he waa an editorial coneultant to The Straits Times. He is now a writer, consultant and political commentator In England. TIME WAB when you knewi exectly where you were
        1,322 words
      • Article
        CPF investors should get annual reports
        110 14  -  letters tethe Editor AMY QOH Dear Sir, Aa shareholders. CPF investors do not get to receive from ths compeniss in which they have sharee. annual reports or sny othsr communications becsuss their shsreholdings are registered in the names of nominee banks. And the banks
        110 words
      • Article
        Desalination too costly an option
        169 14  -  CHOO WAI CHAN (Mrs) Public Reiattone Officer, PUB Deer Sir. I rotor to the letter by Mr 0 W Distant, "How about water from desalination plants?" (BT. Dec 2-3). The Public Utilities Board has explored all possible ways of tapping more water in Singapore. Every
        169 words
      • Article, Illustration
        One world for all, but many dangers
        1490 14  -  ASAD LATIF The wrltmr It the Foreign Editor of Bueineee Time*. IT IS ALWAYS a pleasure to road BG George Yoo. His analyses of international trends ars In the best trsdition of humanistic discourse: intelligent, critical, calm, compassionate and urbane. The speech he
        1,490 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Stuff yourself
        874 15 Tis the time for turkeys to run for cover, but alas (for them) there is no ejscape. As far as the Christmas reveller's eyes can see, there'll be drumsticks sticking up from just about every dinner table in town. But as Sure as you can say "turkey buzzard",
        874 words
      • Article, Illustration
        All the right stuff
        858 15  -  HEALTH By RICHARD SEAH INSIDE the Christinas turkey, what do you find? Crumbs. Turkey stuffing Is basically that white bread crumbe mixed with sausage meat and seasoning. Traditional it may be. But it is neither nutritious nor very tasty. Surely the centrepiece of the Christmas dinner
        858 words
      • Article, Illustration
        Great wines from the House of Laroche
        823 16  -  Wnedi By N K Yong THERE ARE two different schools of thought amongst Chsblis producers. There are those who age their winee in oak and thoee who don't The protagonists of woodaging, especially in the case of the Grands Crus, maintain that oak
        823 words
      • Article, Illustration
        A familiar face
        361 17  -  FOOD By QUEK SWEE PENG HERS ISN'T QUITE the too* of Hel«n. Not expected, obviously, to launch a thousand ships. But thara to an siement; of familiarity about the look; a daflnad. contemporary countananca that expreesm a Continantal lifeetyle. Har nama Is Monlqua. Mar faca, In tha
        361 words
      • Article, Illustration
        BILLBOARD
        928 17  -  ROSMAN AMIR STAGE PERFORMANCES: Omce Upon A Tim*. La Msrldlsn Singapore cele- m. DfaiM unmimis wiui VI" brant Yulstide malodlaa by tha Commonwealth Secondary School choir. Tha 40-etrong choir of boy* and girla balwaan tha agee of 19 and 19 years, will sing tuneo end cerola auch aa O
        928 words
    • Executive Lifestyle: Pursuits
      • Article, Illustration
        All I'll give for Christmas is...
        280 18  -  So the electric razor with a built-in soap dispenser wont do. Yet you want to give something that leaves an impression. Gifts that wont make people think you bought them in bulk at a wholesale outlet If s not that difficult If you MM
        280 words
      • Article, Illustration
        Lock icon My Godmother was a fairy
        407 19 Okay, so maybe you don't think the average Singapore man is a total square. Maybe he's just conservative, or even dependably mature. And you don't think your average Singapore woman is really short; she's just petite. So what can you choose when you go shopping
        Make-up by Lancome of Tange Studio; Photo shoots by Arthur Lee at Dynesty Hotel  -  407 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Fung blows Lim over in sudden death play-off
        548 20  -  GOLF By CHARLES SAVAGE BILL FUNG beat Lim Swe Chew .2in a one-hole sudden death playr. off at Keppei Club yesterday to win the final leg of the BP Cir£cuit With that win. the 1980 Cycle and Carriage PGA winner confirmed his
        548 words
      • Article
        Lock icon Skier dedicates World Cup downhill race to comatose brother
        350 20 SKIING AP LUCIE LAROCHE'S voice cracked with emotion on Thursday and tears filled her eyee aa aha dedicated thie weekend'a women's World Cup downhill racee to her brother, who liee in a coma in a French hoepital. "I want to do
        AP  -  350 words
      • Article, Illustration
        Chief may yet be century's champ
        455 20  -  on TMCK With JEROME FANDOR THE QUESTION for tomorrow's 3rd Hongkong Invitation Cup Is whether MRA champion Colonial Chief will ba fit enough to defend the title ha won In January this year. The Chief pulled up sore In his naar fore tandon after
        455 words
      • Article
        Another piece to gel sun, tea and surf
        147 20  -  ■iV Charles Savage BUKIT CHERMM's long —oclawon wfui u»# snipping inousfry nM Dfoto9n9u wiwi oil OptniOy of Keppel Marina, a imrtna recreation cantra. •n a promotion onvt, m c#ntra ia having an opon'houao from Dec 15-22 which will highlight the ultimate in
        147 words
      • Article, Illustration
        Lock icon Jordan leads Bulls to beat Magic
        387 20 BASKETBALL AP MICHAEL JORDAN ecored 26 of hie 36 pointa in the first-hat as the Chicago Bulls rolled to en early lead and cruieed to a 124-113 victory over the Orlando Magic on Thursday night Jordan ecored hie 36 points in only 25 minutss,
        AP  -  387 words
      • Article, Illustration
        Lock icon The good, the bad and the ugly
        954 20 THE LAST 10 YEARS OF SPORTS AP TEN YEARS AGO. who would have thought that sport* would change so dramatically In tha 1980s, with monay, politics, drugs and daath making it front-page naws? Who would hava thought tha cootdfKMfS vof tne ttu6 or
        AP  -  954 words
    • Executive Jobs
      • Article, Illustration
        Time to pass on experience and knowledge
        763 21  -  rz: By 3HO€B By SHOEB KAGDA HE HEADS a training institute that is at the vanguard of one of the most dynamic industriss in Singapore. And Dr Nelson TsaoWu, director of the Information Communication Institute of Singapore (ICIS), ssee his main task ss
        763 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        282 21 DONNE PtIIIO has replaced Joyce Raamusaen as (tie executive director of the Singapore American Busineea Council. Ms Pstito, who haa been serving as interim executive director since October 1. was formerly the adminiatrator of the Foundation for Public Relations Research and Education in New York City. She
        282 words
      • Article, Illustration
        Ames' ground rules for the makings of effective managers
        629 21  -  ■y ANNA TEO AMERICAN business chief B Charles Ames makss no bones about what he expacts from his managers. Throughout his stints as the head of various companies. he uses "tslking memos" to ensure his policies and views sre well snd
        629 words
      • Article
        Local CEOs lag behind foreign counterparts in pay
        878 21  -  Survey ranks Singaporeans in 15th position By SHOEB KAGDA SINGAPOREAN chief executive officers are among the country's top income-earners but compered with corporate bigwigs elsewhere, their net pay packet is low. A Just-concluded survey by US-based management consultancy firm TPF4C of compsniee
        878 words
    • Executive Lifestyle: Investment and Finance
      • Article, Illustration
        New Year resolutions for Cardholders — pay in full
        910 22  - New Year resolutions for Cardholders pay in full PERSONAL FINANCE When card issuers say full payment of monthly bills is required to enjoy free credit, they mean it to the last cent Financial Editor ALVIN TAY reports on what happens when cardholders do not pay. ALVIN TAY ALL CREDIT CARD
        910 words
      • Article, Illustration
        Advance/decline line of market deteriorating
        546 22  -  ART ■y MARC FABER Mr Fabar la managing director of Draxai Burnham Lambart (Hongkong) Ltd. A YEAR AGO, we wrote S comment sntitisd "The Coming Cottapee in Art Pricee". Although art prices have continued to move up. it would appear that the advance/decline line of
        546 words
      • Article
        Clients asked to steer clear off Finland
        429 22  -  HELSINKI STOCK EXCHANGE ABDUL NAOMI AFTER a vary good year in 1966 despite the Crssh in 1967, the situation hat turned tor Finland's stock markst Unless Iwre is good newa from Santa Claua, the Helsinki Stock Exchange Mil not regain Ha attraction in
        429 words
      • Article, Illustration
        Lock icon Bulls, bears and floppy disks
        1060 22 MARKET ANALYSTS FT STOCK MARKET analysts ars divided. broadly speaking, into two camps the fundamentalists and the technical analysts, also known ss chartists. Fundamentalists, as the name suggests, believe the moet important factors determining a company's share value are economic fundamental: sales, quality of products,
        FT  -  1,060 words
      • Don't quote me.......
        • Article
          A dream that didn't come true
          214 23 NATIONAL DEVELOPMENT Minister S Dhanabalan in a press briefing yesterday gave the death knell to one of the most cherished dreams in the property market. The dream expounded by property owners, architects and consultants is for the government to extend the leases of properties,
          214 words
        • Article
          Coup or no coup, investment goes on
          155 23 IF ANY PROOF ia still needed about the apolitical spirit of the Hongkong businessman, it ia provided by Mr lan Christie, director of the crown colony's Qeneral Chamber of Commerce. Mr Christie, reluming recently from a trip to the coup-infested Philtppinee. had very
          155 words
        • Article
          Cowboys for hire at Mustang Ranch
          131 23 THE MUSTANG RANCH may soon be an equal opportunity brothel: The owner wants to add dudes. "This will be a place tor women to have a little fun tor a change," said Joe Conforte, owner of the brothel. Such facilities are legal in 11
          131 words
      • Article, Illustration
        Equity boom seen for the coming decade
        703 23  -  EXCLUSIVE INTERVIEW WITH OPPENHEIMER'S CHIEF MARKET STRATEGIST By ANDREA BORCH THE 1990s should be good for stocks and bonds, predicted Michael Metz. managing director and chief market atrategist of Oppenheimer Co, Inc in New York. Mr Metz, who waa in Singapore earlier thia
        703 words
      • Article
        Malaysian Pacific Industries holds potential for appreciation
        813 23  -  mm mm By LORETTA McLAUGHLAN YESTERDAY'S Jitters in the Singapore commercial property market will put a damper on the riee of the share market. Since early November, stock prices have been rising relentlessly to one new post-October--1987-Crash high after another. But en route
        813 words
      • Article
        CHART POINT STII could breach all-time high In 4 to 7 months
        207 23  -  By C DOW Ji Mr Dow la an investment manager with a major local pub-licly-listed company. THE local stock market bull, after the short-lived October 1989 mini-Crash, appears now to be very much alive as the Straits Times
        207 words
      • Article, Illustration
        Straits Times Industrials Index
        4 23
        4 words
      • Article, Illustration
        Lock icon US market expected to start on a pessimistic note
        637 23 WALL STREET AP PESSIMISM is the message for 1990 from Well Street with major brokeragee forecasting an economic downturn and some an outright recession. In their snnual year-ahead forecasts, the firms that engineer multi-billion-dollar deals and advise individual investors are not
        AP  -  637 words
      • Article
        Lock icon Are small stocks set to rebound with the January effect?
        523 23 NYT IS NOW THE TIME for smsll stocks to stsrt outperforming their Isrger brethren? Some money msnagers think so. betting both on the much-herslded "Jsnusry effect" the phenomenon of small stocks rising rapidly around ths beginning of a new year
        NYT  -  523 words
      • Article
        Warrants: premiums and gearing
        526 23 Conversion terms Premium/ A-oun. Pric.(«« 15.12.99) I 0Omp ny (muniU) Wrtt I Shara I Lntlk f?" Ln »Ui I Caah C*«h' I Ui G nn9 I ratio price nQ||| Dete mthe value C KTang 16 9 3240 5.800 1.00 225 "5 1.79 315.90 5 Causeway Inv
        526 words
    • Article, Illustration
      An Italian cultural event
      552 24  -  What's more dangerous than a charismatic demagogue with an Utopian vision? Answer A culture vulture friend whose mission it is to introduce good taste to at least one uncouth individual every week. This week, he drags SAMUEL EE, whom he labels as "downmarket and crass", unceremoniously
      552 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      365 13 NEED A J1 CAR LOAN? WP Call USA from any phone, any day, anytime at 222 5544 or 222 8844 rawSSuiffira raSSaSwTED! m AN the right stuff-tog Page Itrae Whet to SUM yowsdf tfcb OhWmw Pa* Three Today, one watch reigns supreme. Ultra-thm Royal Oak for Ladies and Men in
      365 words
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      Page 14 Advertisements Column 1
      249 14 m Send some® good news this Christmas. Singapore's doing fine. Opportunities and jobs i||E|a^^^r|T ¥¥^c f~HB~ •are plenty. These are good 88. v times. t So this Christmas, send t l some good news from home t <SnoreanB must about home to someone overseas, r emwicHon m To your son
      249 words
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      Page 14 Advertisements Column 2
      49 14 SINGAPORE I nfe&lfl nffnifci—*»*» Top «xacutlv*s lay down ttwlr gam* plain Retailers go electronic e Seafood processors move up the food chain The marketing executives who are sold on sponsorship -»Help for restaurateurs e Chocolates are big business Investment Spotlight on Robinsons and Trans-Island Bus Services DECEMBER 1980 $4
      49 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      182 15 Thinness to the point of 3 millimeters. Accuracy to the point of seconds a year. Engineering to the point of art. That's the point of Delirium. CONCORD. WAT C H MAKERS J 9 <L-IJII^*^B™ e IN!«000C£D ON FEBWUARY OTH 1979 AS TK TmNNtST WATCH IK iMf WOAID SINCE 1908 IODA*
      182 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      256 16 to entertain... Wlme to entertain... W^ftrtoentertWn...Wfkretv sJrS?" I -^fTv 1 1 ti v ;f i V i I v V Spicy Szechuan dishes served at lunch and dinner daily in the cool, inviting atmosphere of Szechuan Court. Reservations, *****10 or *****85 ext *****/6. The Wis™ Plaza *yp« WESTIN HOTQi CtUSOBTt
      256 words
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      Page 16 Advertisements Column 2
      82 16 X mas Goodies promotion/ Christinas turkey, ham and other goodies will be on sab from Dec 12 at the Coflec Pot lor telephone order, please call *****33 ext 2115. W* KM M# tff M# KM A MNGGOOftr MOTEL No. 1 Tangiin Road Singapore 1024Te1: *****33 E=E=E=E~z Presenting i=EzE^EEz= THE HARLEQUINS
      82 words
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      Page 16 Advertisements Column 3
      116 16 ouiroeGs "sSTRTSwdSSTrwr" v^yj TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES A JAZZ BAND TO PUT YOU N A MERRY MORNING MOOD. EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES. BRUNCH AT NUTMEGS IS AN OUTIMG FOR THE WHOLE FAMH.Y.
      116 words
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      Page 16 Advertisements Column 4
      299 16 MBHBI rB flgßfiHfH smkx»-TMG4TK Lp owciWHßiMur c^J mgU mmbm SBBgH mim Sat Sun l-uncfi leisurely on a feast of Cantonese-Thai spocialh ties and desserts this week End. At the Seafood Theatre Restaurant Adult: $16.50++ Child under 12: $10.00++ Plaza Hotel SIMG*>Q«E Beadi Road Smgapore 0719 W: *****11 1 Lobby CmaUlor
      299 words
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      Page 16 Advertisements Column 5
      391 16 ®Tie gkfoeden of@faer yf^Mßaise a toast to the season of cheer at The Belvedere. We've festive buffets bned up all die way from the Ist to 31st Dec 1989, and gala dinners during die festive holidays. So celebrate die old year, ring in the new, with friends at The Belvedere.
      391 words
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      Page 17 Advertisements Column 1
      171 17 -entertain.... I H H Ell !■"<&* I i I I Every Sunday I I. ERES I •i H H Family Feast I Mi l IN TftiE PARK. I «i H K At the Hubertus Grill, Sunday brunch is a great I outing for the family. Aglorious buffet spread is laid
      171 words
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      Page 17 Advertisements Column 2
      173 17 BEST The freshest, most succulent catch from the ocean. Prepared Hong Kong style, at pdoas CATCH that are hard to beat. Select from our extensive a la carte menu or special set meals that AROUND include perennial favourites. Come and dine at the Ocesln Pavilion, and see for yourself TOWN
      173 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      730 17 CRYPTIC PUZZLE Majesty's Volunteers S Fsst-spreeding dlsssss ACROSS <J> 1U W 11 Spesk 111 of. st s prsss 6 Sorcery (10) hom#: gathering. the English 7 Non-intollectusl (7) ssnousiy (2,7) m m Dl--11 /M 10 How ths story of ths ie Bag tor ths bacon? (6) «upturs(6) blind mice deteriorates
      730 words
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      Page 19 Advertisements Column 1
      30 19 c w I Hi Y\ •..Nu I^Htsoil mmi «S' I I ENGLAND J v^E^Sfl OI»TILUM> IN LONDON. 9 <s_Jfe\~Q ,J<w 'J" JJP^^H9 ALEXANDER GORDON COMPANY ?.^^^p^Mjl jft i f /Ji^
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  • Page 20 Miscellaneous
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      Page 20 Miscellaneous Column 1
      1129 20 ■IBIUA RADIO 3 Ifo Htllriv C ATI IPHAY BBC Highlights were alone. Girls screaming to welcome a o/i I w l\ I 17th q ml.- beloved rock star, football fans all DDr jnda 060 17th 9 00am share the crowd characteristics of solidariDDv *"7 Ros ty, excitement and loss of
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      Page 21 Advertisements Column 1
      124 21 DHL IN THE NEWS Advertisement DHL to nisi# Qanta The Sa j? ta promotion, H"Ciy wOlllCf launched on October 20 to beat the ma nnfßy. n n Christmas rush, will run until December Cll unnsimas 18, enabling customers to send gifts to any of DHLS 175 country destinations. DHL will
      124 words
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      Page 21 Advertisements Column 2
      143 21 I Leading International Bank II SENIOR DOLLAR/MARK I SPOT DEALER The dealing activities on the FX Spot Market of one of the leading international EE banks is growing fast If you have a good successful experience in a leading institution and have high EE achievements, are an experienced professional who
      143 words
  • Page 21 Miscellaneous
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      163 22 HfIVP CALL EDCDIIEI SHELL TAKE CARE OF YOUfyNEEDS. P'""" pWdm fUli Im m m Y Service and Approval Call Hong Leong Finance fm\ ifpl fo| *****44 IZJ I2J f gar BSB 'V' HK^KSM 1P1 appro d IH»—JB JT_U^kv LoanS I TT^^^BV^kX kne I® to rffwinrr^^B^^^K] aLB BH9 s® oooo MTi
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  • Page 24 Advertisements
  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      651 24 |TBS WMK 9 tHWIWIW Aaalhilator, Today, 10.35pm. SBC 5 Go on a free trip to Hawaii and an editor's girlfriend turna into a dangerous humanold killer robot All becauae the plane waa delayed for an hour. But before you decide to cancel your mother-in-law's holiday to Maui, relax. It's only
      651 words
    • Miscellaneous
      Page 24 Miscellaneous Column 2
      957 24 SATURDAY mjm a£SS" SBC 12 Mt MeereelNtae. £2 Ep2) Mt Myatory Dream (Ep jiTrT?, Srfl if-i 3.55 PM Opening and 10.36 DoubtobiS Feature I MB. 7m The ferilriMeeh rr Programme Highlights Annihilator (See The week's i 1 followed by World /nowes/ ii VoNeybeH Qele 12.25 DoubtobiS Feelure I 4# 2^J*~2SWomen's
      957 words
    • Miscellaneous
      Page 24 Miscellaneous Column 3
      256 24 Tbt Haeplef, Tomorrow. 6.30pm. SBC 8 The Australian magpie la weii-icnawn »or lis ryncii, nuwlike cell In the bush. That, according to expert*, could very Wtll DO inwrprTOO mm I WrlKr rial signal that it Is being followed by something hoetile. This usually happena during the magpie's breeding MMon when
      256 words