The Business Times, 30 December 1989
1989-12-30
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The Business Times
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Title Section12 1989-12-30 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend Edition. December 30-31 1989 75 CENTS12 words
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340 1989-12-30 1 AFP. MALAYSIA'S Finance Minister has ruled out the need to allow foreigners to acquire bigger stakes in local brokerage houses to deal with next month's split between the Malaysian and Singapore stock markets. Oatuk Daim Zainuddin was quoted in aAFP. - 340 words
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Article, Illustration444 1989-12-30 1 JOHN TAN - HK NIGHTCLUB EYES OPPORTUNITIES IN S'PORE, THAILAND AND TAIWAN By JOHN TAN CLUB VOLVO, the Hongkong nightclub which boasts 1,200 delectable hostesses, plans to invest more than HK$25O million ($66 million) in Singapore, Thailand and Taiwan. The ritzy club has already sent management teams444 words
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Article, Illustration400 1989-12-30 1 WALTON MORAIS - By WALTON MORAIS THE HONGKONG government does not blame anyone for the brain drain it is suffering, and has short, medium, and long-term strategies to overcome this, the colony's Trade and Industry Secretary John Chan said yesterday. "At the end400 words
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648 1989-12-30 1 AMY BALAN - By AMY BALAN THE KUALA LUMPUR Stock Exchange has strongly criticised the move by its Singapore counterpart to set up CLOB International, the over-the-counter (OTC) market for mainly Malaysian and Hongkong stocks, claiming that it will pose risks to investors and brokers.648 words
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Article93 1989-12-30 1 Reuter THE INDEX of leading indicators, the US government's main barometer of future economic trends, roee by 0.1 per cent in November, the US Commerce Department said yesterday. Five of the 11 components that make up the index rose during the month, ledReuter - 93 words
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Article54 1989-12-30 1 Reuter WALL STREET stocks yesterday posted mild gains, sided by a firm tone in the US T-bond market. Activity on the last trading session of the decade was expected to be characterised by cross-currents of quarter-end portfolio "window dressing" and last minute tax-loss selling. The Dow 30 roseReuter - 54 words
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Article49 1989-12-30 1 AP LONDON shares were higher at midday yesterday, boosted by better-than-expected trade figures but undermined by some profit-taking. At about noon (1200 GMT), the Financial Times-Stock Exchange 100-ehare index was up 17.8 points, or 0.7 per cent, at 2,418.8 points. At its lowest, the index opened at 2.399.1.AP - 49 words
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Article, Illustration164 1989-12-30 1 REGIONAL STOCKMARKETS ended the year mixed except for Hongkong, where share prices plunged on rumours of political tension in China following the fall of the Ceauseecu regime. The Hang Seng index fell 58.86 points to 2,836.57 yesterday. Trading volume swelled to HK5939.91 million164 words
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Article154 1989-12-30 1 OWCT inOICvv FHdoy ST Indutfrlab Index 1481.33 (-3.14 8T Composite Index 1317.90 (-4.10 NST Industrial Index 2831.19 (-4.15 HK Hang Seng Index 2836.57 (-58.86) Tokyo Nfckei Average *****.87 38.93) Sydney AlOrdhoriei 1649.0 (-0.4) New York (Dow Jones) 2732.29 7.89) London (FT 30 Index) 1896.2 (-0.7) Exchange rates154 words
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Page 1 Advertisements
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Advertisement259 1989-12-30 1 Nikon The WMd's Fine* Photographic System. Long live the '80sl Long live Man? Page Two ■■Mm Try a quiet start to the new year Page Five IMc Rock, shock and babble Page Six ■Starts A decade of too much, too little Page Seven Extcatto jus Fitting square pegs into square259 words
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Advertisement9 1989-12-30 1 KLSE to trad* warrants, TSRs next year, PAGE 79 words
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Advertisement174 1989-12-30 1 j" Nikon TheWbiWeAnesl PtwteynpNc tjEtew. Full report, PAGE Regional mkts, PAGE 10 World mkts, PAGE 11 Don't miss Mondsy's BT THERE WILL BE normal publication of BT on Monday (Jan 1). The paper will be svailable at the usual outlets If you are a subscriber and do not receive your174 words
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HOME NEWS
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Article, Illustration386 1989-12-30 2 LILIAN ANG - NEED TO KNOW WHAT CELEBRATION IN '90 IS ALL ABOUT By LILIAN ANG AS SINGAPORE prepares to celebrate its 25th year of independence. the important thing is to remember the spirit of 1965 which has helped to bring about the nation's386 words
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Article, Illustration217 1989-12-30 2 MORE THAN 20,000 Singaporeans turned up at the National Stadium to sing their hearts out at the Sing Singapore '90 Launch Show last night. Young and old alike, they were there to have a good time, and they were not disappointed. Lively and217 words
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Article, Illustration225 1989-12-30 2 IN CONJUNCTION with Singapore's 25th Anniversary Celebrations, the United Overseas Bank (UOB) group will be issuing a commemorative Visa card from Jan 1. Called The Anniversary Card, it comes with a design showing the first Singapore Airlines plane landing at Changi Airport nine years ago. A statement225 words
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Article84 1989-12-30 2 If there's heavy rain THE LAUNCH of the Celebrstion Tower st Orchsrd MRT station on Jan 1 will be postponed by one hour, from Bpm to 9pm, if there is hesvy rsin. If the bad weather continues, the event will be postponed to Jan 6 or Jan 7. Members of84 words
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180 1989-12-30 2 UNITED OVERSEAS BANK announced yeaterday that Dr Richard Eu Keng Mun will retire as vice-chairman of the banking group with effect from tomorrow. Dr Richard Eu, however, remaina aa a director and member of the UOB group's executive committee. The banking group comprises United180 words
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620 1989-12-30 2 ANNA TEO - By ANNA TEO WAH CHANG International Group president Ho Kwon Ping is among eight young businessmen of the Asia-Pacific featured by new Hongkong business monthly Billion as the region s entrepreneurs to watch. As builders of the region's companies of tomorrow, the620 words
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480 1989-12-30 2 WHITE PAPER ON RELIGION By MARTIN SOONG PROPOSED LEGISLATION to prevent religious extremism and the exploitation of religion for political ends from thrsstening Singapore's tenuous religious and racial balance la validated by history, according to a series of radical, and rsal. cases contained in480 words
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262 1989-12-30 2 THE HIGH COURT yesterday adjourned AttorneyGeneral Tan Boon Talk's contempt of court hearing againat the Aalan Wall Street Journal in order to give the reapondents time to prepare their defence. High Court Justice Mr Joeeph Qrimberg told counsel for the defendants, all repreaented yesterday262 words
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Article57 1989-12-30 2 Corrections clarifications BT reported yesterday that Mr Tan Kok Quan, the newly-appointed director of Overseaa Union Bank, sits on the 10-member resource psnsl of ths Government Psrlismsntsry Committse on Nstionsl Development and Housing. Mr Tan haa contacted BT to aay he no longer sits on this panel. (Mr Tan waa57 words
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280 1989-12-30 2 SIX TYPES of concession cards, for both busss and the MRT, will be issued by Transit Link next year. The cards Primary Student. Secondary Student, Provisional Pre-U 1 Student, Tertiary Student, Full-time National Serviceman and Senior Citizen will facilitate the integration of local public transport280 words
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Article1363 1989-12-30 2 AT CONVENTIONAL WHARVES u M u. Hiiiiihii ••mi "wy wo MrvMrmi utpanuri Kippgl Alto«M A IA (34 ''"V 1 31 12/ 0600 ••A* i K3I otoagnd* (001/ ISO Oxo OC 134 Kl« otoogiida 29 12/ 1300 bjuoHx Cw I4.8K K20 otonjud* 2912/ 23S9 fur Marw I (911,363 words
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Page 2 Miscellaneous
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Miscellaneous194 1989-12-30 2 Global temperaturea and weather forecast MKrllil* J ifiMmlliri for Dec 30 City Max/ Note OUTLOOK: Skewer* (•c) ■•port for 24 hour* prior Abordooo 07/03 Cloudy 7.30pm on Ok 29 at Amsterdam 08/04 ftroozy oirport, Athens 11/04 Showors Auckland 24/17 Rainy Bangkok 32/24 Fair Aeeee humMNy. 100 Soiling 04/-4 Sunny Hr*194 words
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FOREIGN NEWS
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Article, Illustration340 1989-12-30 3 AP CHINESE PREMIER Li Peng on Thursday ordered the People s Armed Police to keep alert against subversion, and the Foreign Ministry said political changes in East Europe will not affect China. Chinese authorities are raising defences, with both ideological work andAP - 340 words
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Article1144 1989-12-30 3 ARRIVALS I 1 S«rvk« Local From number Hm« SIA SQ9I 0005 PEK/SHA OAL OA471 0015 ATH MAS MH623 0035 KUL SIA SQ011 0115 LAX/NIT MAS UAL MH601 0120 KUL UA80S 0120 SFO/HKG UAL UA97 0130 LAX/NIT CAL Q333 0315 TPE SIA SQ401 0605 CAM MAU MK/ 0745MtU1,144 words
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336 1989-12-30 3 Asahi TRADE between Japan and China for 1969 is expected to reach a record US$l9.5 billion despite the political turmoil that followed the violent crackdown on prodemocracy demonstrators in China, the Japan External Trade Organisation (Jetro) said. The projected US$l7O million increase inAsahi - 336 words
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321 1989-12-30 3 AFP A THAI LEADER has called for the promotion of Thailand's economic links with Eastern Europe because "rapid and dramatic changes" there opened a new market of hundreds of millions for Thai exports, a Thai official said. Foreign Minister Siddhi Savetsila was discussingAFP - 321 words
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673 1989-12-30 3 Reuter THE YEAR 1990 will be a tough one (or the UK economy after 12 months of steep declines in sterling, a sharp deterioration in the trade gap. stubbornly high inflation and repeated interest rate rises, analysts and economists say. "TheReuter - 673 words
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484 1989-12-30 3 AFP THE JAPANESE government has adopted a 66.27 trillion yen (US$462 5 billion) budget plan for the fiscal year starting next April 1. The draft, which now goes to parliament in late January, represents a 9.7 per cent rise over the initial budgetAFP - 484 words
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257 1989-12-30 3 AP THE SOUTH KOREAN government has agreed in principle to bear an estimated US$3 billion needed to relocate all US military facilities out of Seoul. The Yonhap News Agency, quoting government sources, said yesterday a final decision on the matterAP - 257 words
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341 1989-12-30 3 Reuter A REPORT by a US economic consulting firm stating that Japan's ruling Liberal Democratic Party (LDP) is in "big political trouble" ahead of February s Lower House election is misleading. Currency dealers said that the Smick Medley International IncReuter - 341 words
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113 1989-12-30 3 AFP MITSUBISHI Electric Corp is negotiating with American Telephone and Telegraph Co (AT&T) on the transfer of semiconductor technology to the US firm. Industry sources said yesterday that Mitsubishi, a major Japanese electric machinery maker, is likely to provide static random access memory (SRAM)AFP - 113 words
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250 1989-12-30 3 Reuter KUWAIT told Thailand it hopes to invest in the Thai petrochemical industry, petroleum exploration and the retail oil trade, a Thai official said. Korn Dabbarangsi, minister in the prime minister's office in charge of oil affairs, said investment was discussed withReuter - 250 words
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Page 3 Advertisements
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Advertisement60 1989-12-30 3 Www gk The butinnt penon'i choke every Tuesday, I II M l\ f m Thunday. Saturday and Sunday. Leaving Changi I P"""® I lA I —I 1 Airport at 21:55 hour* and arrivinc at O'Hart I 111 M International Airport the following aay. Call your travel agent or Air Canada60 words
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Advertisement90 1989-12-30 3 CELEBRATE WITH THAI CELEBRITIES treats. Come, celebrate this festive season Thai style! NEW YEAR'S DAY v y BUFFET LUNCH $IS.Oo++ (Adult) $10.00++ (Child 8 yean below) *Choice of more than 20 varieties "A Fun-with-Food" booklet ENTERTAINMENT! Popular artistes will entertain and add to your dining pleasure with their soothing/lively renditions.90 words
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Page 3 Miscellaneous
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Miscellaneous40 1989-12-30 3 Doonesbury BY garry trudeau MARCIA, IMUSTSW, TM A UT- WHYWOUU? j| o °my M!W 716 BAFHGO ABOUT WUR BUYING YOU MAKTTO II W STATUS, THAT COAT. IMSAN, YOU'RZ BUM ALL fISW/Jll f ANIMAL SAPtSTI OKAY? Ilrnwßt&R&V ttH'NG BYA6 IT iS40 words
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MONEY AND EXCHANGES
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332 1989-12-30 4 ECONOMY IN TURMOIL, HYPERINFLATION LOOMS AP ARGENTINA'S interest rates skyrocketed to an unreal, unsustainable 600 per cent a month on Thursday as economic turmoil continued and hyperinflation loomed. Banks paid their biggest depositors that rate to retain funds which otherwise might have been withdrawnAP - 332 words
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Article968 1989-12-30 4 SINGAPORE: The US dollar yesterday closed slightly lower against the yen and little changed against most European currencies after fluctuating within narrow rangee in a sluggish year-end market, dealers said. The market lacked fresh factors and most operators refrained from establishing new positions ahead of the long holiday968 words
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Article590 1989-12-30 4 Reuter EUROOOLLAR future* closed slightly higher yesterday after thin and teatureleea trading, with participants unwilling to take fresh positions ahead of the New Year holidays, dealers said. They ssid US November leading Indicators due at 1330 QMT yesterday and forecast to rise 0.1 per cent waa not expected toReuter - 590 words
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Article362 1989-12-30 4 HONGKONG: Gold closed firmer yesterday in quiet, thin trading boosted by early Japanese buying and local physical demand, dealers said. "Traders were mostly away for the New Year holiday and I don't expect much activity later in New York," a dealer said. "Gold should find good support at362 words
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Article174 1989-12-30 4 Gold futures on December 28, 1989 100 troy ouncas; USS par troy ounca Opon M«h Low Um Ion 90 394 60 -2.70 Fab ***** 403.10 400.10 ***** -2.40 Apr 408 00 410.30 405.30 406.40 -2J0 lun 413.30 414.40 410.00 411.20 -2.70 Aug 417.00 417.00 416.30 413.60 -2.80174 words
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Article268 1989-12-30 4 ASIAN DOLLAR deposit rates closed mixsd compared with Thursday s levels, sfter quiet end fsatursless trading, daalers said. Thay said the market was awaiting yeaterday's 1330 GMT releaae ol US Novsmber laading indicators tor mora clues on the health of the US economy. Among short-dates, the weekend268 words
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Article246 1989-12-30 4 Reuter MOST IMM currency futures renewed a morning slump and slid to steep losses yesterday as afternoon trading picked up. Dealer and fund-related selling hit several rounds of sell-stops that drove nearby Japanese yen and sterling to daily lows late. West German marks, although lower on the day. stillReuter - 246 words
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Article56 1989-12-30 4 THE overnight rate on the Singapore money market was 1-5/8 points lower at 4 per cent yesterday. Short-term rates were 1/16 point lower. S$ Interbank rata at th« do** yMtardayi OWH HO Ow4 3 3/4 l«Mk 3 i/9 3 1/3 3-hmmIi 3 3/t 3 1/3 3-mmH 3 3/156 words
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Article94 1989-12-30 4 Treasury bills Period Issue Yottorday's doling 0o/» cod* Maturity 110 OTO HKSH LOW 3 months KM9150F 29.03.90 4M 4-53 6 months IS*****V 18.01.90 4M) 4J5 1 yor BY*****Z 18.10.90 440 4J5 Government notes end bonds Period Issue Maturity Coupon Yotforday's doting Day's cod* rats HO OfW WGH94 words
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Article, Illustration165 1989-12-30 4 •McrtH —w f Mm prime Mh| rate* of IS i«a)or tanks hi t'pora Interbank marktl rata (oflar/bld) on Dm 29 US$ DM SWFC Y«n 7 4my% ll/l* 9/14 IS l/l —IS a 1/4 a I/a tl/4-f l/l *11/1* —»/l* la* *7/1* J/U ISI/a IS as/I* —J/l* »l/t165 words
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Article1104 1989-12-30 4 CURRENCY FUTURES OPTIONS Frtdoy Dacambar 29 1989 0CUT8CMMMRK (MUX) DMNMb DaoOOpaM 32 53 54 JARAMM VKN (MUX) On 00 mM OMOOpaM 73 Z Z Z 73 CURRENCY FUTURES OPTIONS IMM Thunday, Dac 29, 1989 MITISM POUNO Ct2.H0; oanM par C Mm 4M« NM MM <333 3.10 6.33 040 0401,104 words
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Page 5 Advertisements
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Advertisement49 1989-12-30 5 YEARS OF PROGRESS IN GLOBAL TRANSPORTATION 1l»tt "t¥etve @»me A Atmy 70ay, (y<»tf%<it(d<xti«*M! Congratulations to NOL on the occasion of their 21st Anniversary SOCIETE DES MATIERES PREMIERES TROFICALES (S.M.P.T) 42 Kim Yam Road Singapore 0923 Tel: *****22 Fax: *****22 Sole Rubber Buyers for the Michelin Tyre Factories SB NOI.49 words
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BANKING AND FINANCE
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Article, Illustration451 1989-12-30 6 SOH TIANG KENG,LIM MUI KHI - Firm diversifies into international insurance By SOH TIANG KENG,LIM MUI KHI THE PEOPLE'S Insurance Company (PIC), a wholly-owned subsidiary of publicly-listed Hwa Hong Corporation, has bought a 43.75 per cent stake in Equatorial Reinsurance Company (ERS). This acquisition is part of PIC451 words
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421 1989-12-30 6 AFP THE PHILIPPINE monetary sector has recovered from any ill-ef-fects of the coup attempt earlier this month and the economy had "a very reputable performance" this year, Central Bank Governor Jose Fernandez said on Thursday. He echoed forecasts that economic growth in 1969AFP - 421 words
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296 1989-12-30 6 Reuter SECURITIES FIRMS, under pressure from the Japanese Finance Ministry to standardise the Eurodollar warrant market in Tokyo, are considering listing the instruments on the Tokyo Stock Exchange (TSE). Listing foreign warrants, ironically. would probably make the warrant business less profitable for brokers whoReuter - 296 words
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696 1989-12-30 6 Reuter THE US DOLLAR is likely ter the next decade by recovering modestly against the mark, but it will lose ground against the yen in a repeat of the pkttern set in 1980, according :tp a Reuter poll of currencyReuter - 696 words
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261 1989-12-30 6 AFP NICOLAE CEAUSESCUf rfnd Manuel Noriega are the lalfcqiftn a series of ousted leaders downfall leaves new gdvbrnments facing the often complex process of prising their hidden fortunes out of Swiss bank accounts. The Swiss government and judiciaryAFP - 261 words
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COMMODITIES
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144 1989-12-30 6 AFP CHINA'S grain production rebounded in 1989 to 407.5 million tonnes, the State Statistical Bureau said on Thursday, as Beijing pledged greater resources to agricultural production. The harvest was equal to China s record grain year of 1964, the bureau said, and well aboveAFP - 144 words
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Article339 1989-12-30 6 RAS prices In S cent»/kg, FOB in bates NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 156.75 157.75N 156.00 157.00 Int I RSS Jon 90 158.50 159.50 157.75 158.75 Int 1 RSS Fob 161.50 162.00 160.75 161.25 Int 2 RSS OP 153.00 155.00N 152.50 154.50N339 words
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Article312 1989-12-30 6 SINGAPORE: Rubber prices closed slightly lower yesterday, with January 1 RSS buyer quoted at 157.75 cents a Kg. down 0.75 cent from Thursday's close. Dealers said prices fell slightly in the afternoon on light selling. Trading remained very quiet. On the TSR-20 Award market, prices closed slightly easier in312 words
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Article146 1989-12-30 6 Telerate FUEL oil prices were slightly softer in the Singapore market yesterday. Sell indications for January-February CSTIBO were at $106-107 mt fob Sing. But few buyers were s to be found at these levels. Players see more avails for arrival in late January to February andTelerate - 146 words
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Article196 1989-12-30 6 THE KUALA LUMPUR Tin Market prlca eloMd unchanged yeeterday at MBlB.OO a kg. with both sailers and buyers deciding to doee deala at current pflcfi. dealers said. "The market had Ignored the taH In London," one dealer aald, adding that the KLTM saw some pre-hollday buying from Europe,196 words
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Article547 1989-12-30 6 MALAYSIAN CRUDE PALM OIL FUTURES on the Kuala Lumpur Commodity Exchange (KLCE) closed easier yesterday in line with the lower overnight Chicago Board of Trade. Dealers said trading remained quiet on long liquidation while market operators declined to take new positions before the year-end holiday. They added that547 words
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Article70 1989-12-30 6 Reuter CBOT soybean futures ended Thi/reday with strong gains on talk of Eastern bloc demand. Rumours swirled at midday that Hungary was interested in buying 50.000 tonnes of soybeans. Talk also surfaced that the Sovilon was seeking Argentine soymeal. Traders were disappointed that buying interest was directed st theReuter - 70 words
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Article144 1989-12-30 6 Reuter CBOT soft red winter (SRW) wheat futures ended Thursday with small gains attributed to mostly professional and commission house buying. Short-covering following several sessions of selling, and ahead of the new year underpinned prices, dealers said. Professional house Refco was the featured buyer. It purchased a net threeReuter - 144 words
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Article205 1989-12-30 6 ChliMM Produce a Exchang* Sallars' non closing prkot on Ok 29 (S$/100 kg) Coconut oil Bulk FOB 81.00 Old drum FOB 91.00 1 N«w drum FOB 95.00 Copra f Mixed (loot*) 42.00 tollort I Poppor r n| nli i jilf nnunTO* *'WW FOB NLW 422.50 Sarawak whH« FOB205 words
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Article197 1989-12-30 6 London Commodity Exchange Buyer/Seller closing prices on Dec 28 (£/tonne unless specified). Previous closing prices in parenthesis. Colfo* Jon 634/637 (633/635) High/Low 636/622 Mar 641/642 (643/645) H»gh/lx>w 643/632 Sol«s v (4334) Cocoa D*c 636/643 (634/637) High/low 639/634 Mor 637/630 (641/631) High/Low 639/634 Salat (2407) Sugar No 6 FOB197 words
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COMPANIES & MARKETS
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552 1989-12-30 7 WILLIAM CHIA - By WILLIAM CHIA VAN DER HORST Ltd, riding on the continued buoyant marine industry, has reported improved profitability for the financial year ended Sep 30. 1989. VDH announced yesterday that it achieved a 42 per cent increase in group profit after tax to552 words
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289 1989-12-30 7 SESDAQ-LISTED Fuji Offset Plates Manufacturing Ltd is to make a private placement amounting to 10 per cent of its existing issued capital to raise funds for the possible acquisition of property in Malaysia. In an announcement yesterday. the company, which289 words
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Article724 1989-12-30 7 Currenl b Book. Oato Totol tor Totol lor payment <tato ctoM |»y*to M A I S B I2%lbl Oec 27 Jon 11 Jon 23 12% >0% Amol Steel 8%TEIb) Nov 30 Dec 14 Jon 22 8%TE 8%TE Avinvo I5%TE Feb 28 Mor 12 May 15 25%TE 25%TE Batu724 words
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Article, Illustration383 1989-12-30 7 MITSUI BANK Ltd. one of the world's top 10 banks, has taken a stake in a Malaysian bank, with the purchase of an 8.9 per cent stake in the Development and Commercial Bank Bhd (D&C Bank). Mitsui Bank bought its shares on383 words
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284 1989-12-30 7 Bernama YTL Corp Bhd will be submitting an application for the flotation and listing of its manufacturing arm, YTL Industries Bhd, on the main board of the Kuala Lumpur Stock Exchange by June next year, managing director Oatuk Francis YeohBernama - 284 words
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Article311 1989-12-30 7 UNITED Oversea* Bank Ltd has announced that it is replacing its existing UOB Composite Index comprising 100 Singapore and Malaysian stocks with a new UOB Blue Chip Index made up of 30 Singapore blue chips, with effect from Jan 2. The new index will be an unweighted index311 words
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317 1989-12-30 7 Agencies MALAYSIAN AUTHORITIES have approved a proposal by the Kuala Lumpur Stock Exchange to list and quote warrants and transferable subscription rights (TSRs). KLSE executive chairman Nik Mohamed Din Nik Yusoff told a news conference in Kuala Lumpur yesterday that trading in theAgencies - 317 words
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553 1989-12-30 7 AMY BALAN - GROUP BUYS UNSOLD PORTIONS OF KL COMPLEX, RAISES STAKE IN SEMI-TECH By AMY BALAN AS IF 1969 has not been eventful enough for Malaysia's arguably most acquisitive group. Berjaya Corporation has announced yet more property and share purchases totalling some MsBl million just553 words
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177 1989-12-30 7 Bernama BATU LINTANG Rubber Co Bhd incurred a group pre-tax loss of M 511.65 million for the year ended Sep 30. 1989, compared with the previous half year's $11.34 million. However, group turnover increased by 57.8 per cent to $7.41 million from $4.69Bernama - 177 words
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Article, Illustration370 1989-12-30 7 THE HONGKONG STOCK Exchange (HKSE) is investing more than two-thirds of its current year capital expenditures of HK532.2 million in its trading system. According to a report in the South Chins Morning Post, the exchange has earmarked some HK$22.l million in the370 words
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SES
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Article, Illustration784 1989-12-30 8 ABDUL HADHI - ABDUL HADHI THE SINGAPORE stock market ended the last trading day of the deoade slightly lower, and against market expectations. The Straits Times Industrials Index dropped 3.14 points yesterday to close at 1,481.33. The broader-based Business Times Composite Index also closed784 words
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Article237 1989-12-30 8 Rises Tonhow Ind 5<X 150 30.4% +35 N O L Pr»# 10* 595 10.2% +55 hwo-Pac In 94 72 +7.5% +5 Eu Yan Song Wt 156 +5.4% +8 Sim Urn 179 +5.3% +9 Chuan Hup Wt 94 54 +4.9% 2V4 Singatron 201 126 +4.1% +5 Eu Yan Song237 words
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Article229 1989-12-30 8 Rises Kemayon 50* 114 +10.7% +11 G Corp CUIS 93 90 +9.8% +8 lingol 50* 105 +9.4% +9 MC8 Hldg» 50* 211 +9.3% +18 Muipho WiH 50* 47!4 +9.2% +4 Rahman Hyd 270 8.9% +22 Duff Bhd 168 +8 4% +13 Wilkinson 340 6.9% +22 Mt Pleasur* 50*229 words
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Article318 1989-12-30 8 Roya TruV Asset Mgt for Dec 30 Jan 2 |T G fvnd 0f9 i OS IT Ava-Poc Fund 111 1 17 Singapore Unit Trust tk« Co<»<M'c« 126 i» OCBC-Asset Mgt Th« Sovrngt fund 107 H3 So«tri Cop«tal Fund I 12 I 17 S pO'» frog Fund 0 48318 words
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Article42 1989-12-30 8 SEAL INCORPORATED BERHAD: 27th AQM at Site No. 30, Tasek Drive, Tasek Industrial Estate, Ipoh, Perak, Malaysia, today at 10.30 MALAYAN CREDIT LTD: EGM at Mandarin Court C, 4th Floor, Mandarin Hotel, Singapore 0923, on Jan 4, Thursday, at 10am42 words
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Article328 1989-12-30 8 Qr'i Qr't 1989 Tal Last Vol Day Last Quota Dhr Dhr Y'W Nat M Cap High Low Coda Company Sala or- ('000) High Low Buyar Sallar *f% C'vr P/E Smll DEC 29 SESDAQ 179* 60* t 4000 Amtek Eng 20« 148 -1 41 148 146 146328 words
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Article5097 1989-12-30 8 Qr-s Or« 19M To! Last Vol Day Last Quota Dl* Wv VTd Nat M Cop High Low Codo Company Solo oc- (*000) High Low Bwyor SoHor C*w P/E M DEC 2t DEBENTURES, BONOS. LOANS !!2 Tan 1990 3,0 3» 3»o 2 37* 1 US Cauaaway5,097 words
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KLSE
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Article, Illustration3384 1989-12-30 9 Bernama >HARE PRICES closed eassr on the Kuala Lumpur itock market on the final rading day of 1989 as investors decided to take jrofits ahead of the new fear. However, losses were marginal and dealers said the undertone of the market remeined strong. The marketBernama - 3,384 words
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REGIONAL MARKETS
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533 1989-12-30 10 MOVE AIMED AT LOCKING IN LONG-TERM RETURNS Reuter JAPANESE LIFE insurance companies are moving to expand their purchases of equity stakes in foreign financial firms, managers in the international planning departments of major insurance firms said in Tokyo. Such acquisitions areReuter - 533 words
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236 1989-12-30 10 Reuter TAIWAN'# parliament approved a Finance Ministry proposal to raise the tax on individual stock transactions from 0.15 per cent to 0.6 per cent a government spokesman said. The proposal must be forwarded for presidential approval within ten days and will thenReuter - 236 words
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244 1989-12-30 10 Reuter THE FIRST of three sites suctioned at a Hongkong government land auction went for HK$l.O7 billion to Realty Development Corp Ltd, a subsidisry of Hong-kong-listed World International (Holdings) Ltd. Bidding at the auction was very active, with seversl msjor local property firmsReuter - 244 words
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146 1989-12-30 10 Reuter NIPPON Oil Co Ltd has bought all the shares in Malacca Strait Ltd of Indonesia for an undisclosed sum from Marathon Oil Co of the US. a subsidiary of USX Corp. a Nippon Oil spokesman said. Nippon Oil took over from MalaccaReuter - 146 words
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Article, Illustration514 1989-12-30 10 Tokyo Reuter TOKYO sharee struggled to manage a fitting end to the year-end rally on the last day of trade for 1989 yesterday. Window-dress-ing brought prices back into positive territory after they dipped before the close, brokers said. "Investors tend to be very cautious of closing prices."Reuter - 514 words
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Article, Illustration341 1989-12-30 10 Sydney Reuter AUSTRALIA'S share market edged up from its early lows to finish, marginally firmer in quiet trading yesterday, brokers said. The All Ordinaries Index cloeed 0.4 point down at 1649.0. off its early lows at 1646.7. Trading ended at 1300 AEDT yesterday in a shortened sessionReuter - 341 words
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Article, Illustration886 1989-12-30 10 Hongkong Reuter YEAR-END profit-taking allied with worries about China's political stability dragged the market down sharply yesterday, pushing the main stock index down 2.03 per cent in heavy turnover, brokers said. The Hang Seng Index fell 58.86 points to 2.838.57. The Hong Kong Index dropped 41.44Reuter - 886 words
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Article196 1989-12-30 10 Reuter THE New Zealand ahare market ended the laat trading of the year a -little firmer following a shortened aeaaion yeaterday which aaw continued ahortage of acrlp and overall lack of intereat to participate in the holiday period. Brokera noted aome email overaeaa intereat and theReuter - 196 words
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Article151 1989-12-30 10 Reuter SHARES rebounded slightly in thin trading yesterday after a two-day decline and brokers said the market has technically recovered from the recent failed coup. The Manila compoeite index firmed 0.07 points to close at 1,104.57 from 1,104.50 on Thursday. The combined volume at the two boursesReuter - 151 words
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Article264 1989-12-30 10 Reuter THE THAI MARKET yeeterday finished its best year with prices setting their seventh successive record. The SET Index gained 8.70 points to close at 879.19 in heavy, speculative trade. Winners led loeers two to one. with Star Block, National Finance and Sweden Motor topping theReuter - 264 words
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Article59 1989-12-30 10 Reuter "THE Bombay Stock Exchange will resume trading on Jan 1. a day earlier than originally scheduled, sfter the Christmas holidays. exchange officials said yesterday. They said trading will resume on New Year Day. traditionally a holiday, but gave no reaaon for the change. ReuterReuter - 59 words
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WORLD MARKETS
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318 1989-12-30 11 Reuter EASTERN AIRLINES expects to save about US$lOO million in costs next year as s result of a package of layoffs snd wage and benefit cuts announced on Thursday, a spokesman for the carrier said. "Ballpark it's US$lOO million in savings." saidReuter - 318 words
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495 1989-12-30 11 AFTER THE good year* in the *****, the US$lOO-billion-a-year world pharmaceutical industry is in a far more subdued scene the *****. Analysts say the 1990s will be marked by the constant need to contain costs, fewer prospects for blockbuster drugs, and far less495 words
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Article1379 1989-12-30 11 Reuter MILAN: Italian share# war* mixad in early trading yeaterday in the final 1989 teas ion, with Mondadori ordinary and preferred aharee suspended by Consob after the difficulty this week in establiahing closing prices, dealera said. The MIB index waa 0.17 per cent down at 1,157 inReuter - 1,379 words
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Article, Illustration929 1989-12-30 11 London Reuter, AFP SHARES OPENED cautiously mixed on the leet trading day o! 1960 as the market awaited the highly erratic UK balance of payments figures due at 1130 GMT. The figures were expected to show little improvement in the November current account deficit, with mostReuter,; AFP - 929 words
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382 1989-12-30 11 FIRST PHASE OF DEBT REDUCTION COMPLETED NYT RJR Nabisco Holding Corp has completed the first phase of its plan to reduce its US$23 billion debt and would embark on the next stage refinancing its remaining debt by seeking government clearance toNYT - 382 words
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Article, Illustration397 1989-12-30 11 Reuter GENERAL MOTORS Corp ia likely to take more painful stepe to cut down the size of its operations in the future as its dominance of the US car market continues to slip, analyata said. "I think you're going to see a smallerReuter - 397 words
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Article, Illustration832 1989-12-30 11 New York Reuter. AFP A FLURRY of late buy orders helped Wall Street stocks finish with a modest gain on very light volume on the next-to-last trading day of 1960. The Dow Jones average of 30 leading industrials advanced 7.89 points, to close at 2,732.29Reuter.; AFP - 832 words
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Page 7 Advertisements
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Advertisement81 1989-12-30 7 SiflCC This announcement appears as a matter of record only 22 November, 1989 SUMMA SURYA INTERNATIONAL LIMITED I Incorporated in Hong Kong) has acquired approximately 77.23 per cent. of the issued capital of SIM LIM INVESTMENTS LIMITED (Incorporated in the Republic of Singaporel The undersigned acted as financial adviser to81 words
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Page 8 Advertisements
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Advertisement19 1989-12-30 8 f 1 A Treasury of EtC-mu (Shtaa "w Alpine Pleasures LW| at Chesa jj| Holel Equi tonal Tel: *****3119 words
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Page 9 Advertisements
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Advertisement16 1989-12-30 9 A Sichuan Culinary Heritage T 1 at Golden Phoenix WjmgQSf 1 Hotel Eijuilwial. Tel *****31 L16 words
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Page 10 Advertisements
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Advertisement397 1989-12-30 10 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 1 AND IN THE MATTER OF POO HOA PROPERTIES INVESTMENT I PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary Gen- J eral Meeting of the mem- bers of POO HOA PROPER- 5 TIES INVESTMENT PTE LTD duly convened J397 words
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Advertisement367 1989-12-30 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TAI TONG ENTERPRISES PTE LTD 1 (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING j NOTICE IS HEREBY OIV- EN pursuant to Section 306(1) of the Companies Act (Chapter 50) that a Final General Meeting of the367 words
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Advertisement420 1989-12-30 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TONG AH REALTY COMPANY PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act (Chapter 50) that a Final General Meeting of the members of420 words
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Advertisement129 1989-12-30 10 mhw^M EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but when we don't, you'll know you'll alive after that exciting, exacting or simply emaciating wed: of work. So don't throw in the high-flying towel, or take shots in the dark.129 words
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Page 11 Advertisements
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Advertisement8 1989-12-30 11 Every Thursday... /rr J, ADVERTISING Y MARKETING in8 words
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Advertisement12 1989-12-30 11 a a onagers yi/iiKi r lanage BT shows you how every Monday.12 words
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Article, Illustration539 1989-12-30 12 FEARS THAT ENTIRE GROUP MAY COLLAPSE AFP AN AUSTRALIAN COURT yesterday put Alan Bond's Australian brewing interests into receivership, and a top Bond executive said the move could finally trigger the widely predicted collapse of the entire corporate empire. The appointment, at the behest ofAFP - 539 words
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424 1989-12-30 12 Bernama MOTOROLA INC and Siemens Components Inc American companies with multi-million dollar plants in Malaysia are requesting a bigger slice of the US market to improve their competitive position as foreign suppliers. Motorola, which imported U5555.6 million worth of transceivers (walkie-talkies) inBernama - 424 words
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140 1989-12-30 12 PRIME MINISTER Lee Kuan Yew has conveyed Singapore's condolences to Australian Prime Minister Robert Hawke over the loss of lives, and damage, caused by an earthquake which struck Newcastle city on Thursday. A Ministry of Foreign Affairs statement yesterday quoted Mr Lee as saying:140 words
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Article, Illustration273 1989-12-30 12 Reuter PLAYWRIGHT Vaclav Havel, jailed for five years for his human rights activities and long denounced in the communist media as an enemy of the state, was sworn in as president of Czechoslovakia yesterday. He was ushered onto the dais at the ceremonial sessionReuter - 273 words
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573 1989-12-30 12 Reuter THE RECENT coup attempt in the Philippines is likely to raise inflation, put pressure on the local currency and dampen foreign investment during the first half of 1990, Finance Secretary Vicente Jayme said yesterday. But he said the government of PresidentReuter - 573 words
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Article91 1989-12-30 12 Reuter AFTER COLLAPSING 38.0 cents over the past two sessions, Comex silver futures yeeterday rallied back in early trading on short-side profit taking and bargain hunting. After brushing up against Its life-time low st US$5.2O an ounce on Thursday, most-active March silver jumped to U355.345 sn ounce. AtReuter - 91 words
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LATE FILE
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Article43 1989-12-30 12 Reuter THE new Romanian Government is not expected to make major borrowings abroad as it grapples with the country's crippling economic problems. Silviu Brucan, a senior member of Romania's ruling National Salvation Front told Britain's Financial Times newspaper. ReuterReuter - 43 words
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Article49 1989-12-30 12 AFP THE Soviet Union is looking to reform both the Warsaw Pact and the socialist common market Comecon now that permatroika has blown across Eastern Europe, toppling the communist old guard from power, a commentator for Trud. the trade union newspaper, said in Moscow yesterday. AFPAFP - 49 words
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Article65 1989-12-30 12 Reuter AS THE standoff over deposed Nicaraguan General Manuel Antonio Noriega's fste drsgged into its fifth day yesterday, US officials probing his empire say they are stunnsd by the large amounts of cash snd guns they have found. "This place was the rest and recreationReuter - 65 words
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Article40 1989-12-30 12 AFP SOUTH Korea's current account surplus for 1960 is expected to be about US$5 billion, a sharp drop compared to last year's record surplus of US$l4.l billion, the central Bank of Korea (BOK) said yesterday. AFPAFP - 40 words
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Article62 1989-12-30 12 Reuter FROM Jan 1, Taiwan will simplify import procedures for the bulk of its imported items. The Board of Foreign Trade said in Taipei that importers of some 6.000 items accounting for 06 per cent of all imports, including industrial and agricultural products and raw materials, wouldReuter - 62 words
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410 1989-12-30 12 AFP WHEN Japanese Foreign Minister Taro Nakayama leaves next Tuesday for a four-day visit to Thailand and then Malaysia, he will be seeking to reassure South-east Asian nations of Tokyo's role in an era of East-West detente. The improved East-WestAFP - 410 words
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226 1989-12-30 12 AFP THAILAND'S military commander. General Chavalit Yongchaiyuth, has told armed forces officers to "steer clear" of politics and support the elected government, an army officer said yesterday. Gen Chavalit, in a taped New Year speech distributed to all army units nationwide, madeAFP - 226 words
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397 1989-12-30 12 AFP CHINA has given a stern warning to France against the sale of warships worth billions of dollars to Taiwan. "We are resolutely opposed to any country selling any kind of weapons and military equipment to Taiwan or the co-production thereof withAFP - 397 words
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Page 12 Advertisements
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Advertisement232 1989-12-30 12 The goM report was not available at piiMihii "IDENTIFY THE SPORT" How familiar are you i >vl with sports? *-=^31y,i::ii fj p can s v o u .."!-m v,he WMmmim' —?l photograph? (j «d SPORTS Test your powers of J perception [jf in the "Identify The Sport" contest and win232 words
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Executive Lifestyle
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Article, Illustration1449 1989-12-30 13 GOBBLE D GOOK - it's that time of the year again that time when everyone else goes around saying 'it's J/ that time of the year again'. The time when we say goodbye to the old, hello to the new arid if > 'bleah' to everything else. That's where Special1,449 words
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Article287 1989-12-30 13 EVERYBODY gets diaries at this time of the year, but one pet peeve a diary recipient has is that she has yet to receive one with the exact combination of features that she wants. For example, one may have just the right metric conversion range but287 words
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Commentary
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Article, Illustration1108 1989-12-30 14 TYE KIM KHIAT - TYE KIM KHIAT The writer heads the Political and Economics Desk of Business Times. ,AS THE EIGHTIES bow out writ ►in crimson, life blossoms anew. 'Man's salvation is, hopefully, nigh. Cast in that light, the Eighties were epochal: never has over the millennia1,108 words
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Article, Illustration1626 1989-12-30 14 NEVILLE STACK - NEVILLE STACK The writer was editor of the Leiceeter Mercury, a big Britieh daily paper. Until recently, he waa an editorial consultant-to The Stralta Timee. He ia now a writer, conaultant and political commentator In England. SOME OF THE BEST and most serious newspapers1,626 words
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363 1989-12-30 14 JANE TAN - Letters to the Editor JANE TAN Dear Sift Many working mother® have aired thair views on foreign maids and the increaae in the levy in the preee. I am a simple housewife and would like to share my thoughts with your readers. My husband is363 words
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Article175 1989-12-30 14 DONALD LEO - DONALD LEO Dear Sir, I read in the newspapers of Dec 22 the following connected with the current hike in the foreign maid levy: the number of foreign maids has soared to almost 50.000 would be treated like foreign workers If we revise the levy for175 words
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Article128 1989-12-30 14 DERRICK TAN - DERRICK TAN Corporate Communication# Officer Singapore Telecom Dear Sir, We refer to the letter, "More stamp dispensing machines at Fullerton Building, please" (BT. Dec 23). We have recently installed another postage label vending machine at the General Post Office (QPO). An electronic letter weighing128 words
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Article108 1989-12-30 14 DOROTHY TAN - DOROTHY TAN Dear Sir, I note with interest the reasons given by the Ministry of Labour for the new increase in the foreign maid levy. Each occasion when an Increase waa announced, fresh grounds were advanced, quite different from thoae given to justify past increases.108 words
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Article147 1989-12-30 14 SOH YEW HOCK - SOH YEW HOCK Dear Sir, I refer to your report "Wearnes banks on PCs for future growth" (BT, Dec 23). As the headline is likely to cause confusion and misunderstanding to financial analysts and investors, we would like to point out that the PC business represented147 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration1046 1989-12-30 15 ASAD LATIF - By ASAD LATIF THERE are few problems with deciding which foreign event in 1969 should get the turkey, and which the brickbats. The crumbling of the Berlin Wall clearly deserves the first; the Tiananmen affair the second. The turkey owes its presence on the1,046 words
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Article502 1989-12-30 16 Two more days and it will be a new decade. So will Gorbachev become Time magazine's Man of the Century? Will Earth become Planet of the Apes? In an impatient bid to find out what 1990 will be like, SAMUEL EE Journeys to a Jalan Besar502 words
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Article, Illustration381 1989-12-30 17 A SURENDREN - CRUISES By A SURENDREN BEING BORN OF the Ma, Club Mediterranee will be launching its first cruise village in the form of the Fuji-Mam, plying from Tokyo to Hongkong, Bangkok and Singapore and back. Said Alexis Agnello, chairman of the Asia-Pacific and Indian Ocean381 words
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Article, Illustration925 1989-12-30 17 ROSNAH AMIR - Compiled by ROSNAH AMIR STAGE PERFORMANCES: Sri Ayv Foollval 'St. Sentosa Development Corporation and Sri Ayu Batik Industries and Promotions are organising events on Malaysia's cultural heritage. They include traditional dances, such as the Kuda Kepang dance, a medley of tunes played on traditional gamelan instruments, and a mock925 words
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947 1989-12-30 17 RICHARD SEAH - HEALTH By RICHARD SEAH The writer is editor of The Good Lite, a health magazine. The views expressed in this column are personal. THE START of each year is when grown-ups do crazy things. They wear masks and paper hats and wait947 words
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Article, Illustration432 1989-12-30 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG THE INTENTION is indeed admirable to change with the times. Goodbye 1819. Hello Oscars. We stepped into a biggish, brightly-lit room packed with smartly-dressed. Shenton Way lunch-crowd. What a change from the staid, quiet days of Restaurant 1819. The club-like ambience; the432 words
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Article, Illustration898 1989-12-30 18 JOHN TAN - The only thing Club Volvo has to do with cars is that this fancy Hongkong niteclub can make your pulse race as fast as Alain Prost doing 200 kmph in the Formula One Grand Prix. That's exactly what happened to JOHN TAN, who stops to catch his898 words
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Article, Illustration892 1989-12-30 18 A SURENDREN - A DECADE OF MUSIC By A SURENDREN ROCK OF AGES. Rock a n' Roll will never die. Cliches yes, but I sure as hell wish they stay true. Rock music is tempestuous in its beginnings and throughout its life. The 80s have been so different. Try892 words
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Article, Illustration333 1989-12-30 18 FOOD BEFORE you begin your wtae, women and song campaign, you must take care of your other basic needs, like food. They say Hongkong*!*. a great eating adventured is, but only if you can reanthe Chinese menus. Some Imagination is also needed tolntijrpret the exotic333 words
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Article, Illustration361 1989-12-30 18 John Tan - DISCOS John Tan THE LIGHTS of Hongkong's «iecos are fast fading out. Karaoke lounges are the big thing now, and the thrill of singing to a minus-one tape is eating into the profits of discos. The crowd is still there, no doubt, but the long queues of361 words
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Article, Illustration502 1989-12-30 24 SAMUEL EE - CINEMA by SAMUEL EE WHERE IS THE good old family movie these days, you might wonder. If it's not violence, it's sex. If it's not Rocky, it's Rocky 5'A. But then, you haven't seen The Adventurm of Baron Munchausen yet! Now that's one502 words
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Executive Lifestyle: Sports
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Article, Illustration1051 1989-12-30 19 All the things that go into sports the tears, the cheers and the jeers were there aplenty in the 1980s. A SURENDREN looks back on a decade that saw British passports given to South Africans overnight, a 132-year record broken, as well as1,051 words
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722 1989-12-30 20 GOLF AP THE BRIGHT PROMISE of unparalleled prosperity is clouded by nagging problems as professional golf moves into the *****. One of the problems is illustrated in the Tournament of Champions, the first event of the decade. Masters champion Nick FaldoAP - 722 words
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460 1989-12-30 20 BASKETBALL AP BENCHED STARTER Kelly Tripucka scored 14 of his seasonhigh 25 points in the fourth quarter as the Charlotte Hornets won for only the second time in 14 games, beating the Cleveland Cavaliers 94-92 on Thursday night. Tripucka, with a .375AP - 460 words
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Article, Illustration492 1989-12-30 20 Sybil Holoway - BRIDGE -by Sybil Holoway THE following poser was presented in the Camp Bulletin by IBPA member Ryszard Kielczewski of Poland during the Bth Junior Camp of the European Bridge League in July this year. How would you "safety play" 4 spades on this492 words
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Article, Illustration415 1989-12-30 20 AP BERNARD GALLACHER was named the new non-playing captain of Europe's Ryder Cup squad on Tuesday, succeeding Tony Jacklin who retired after leading his team to three straight titles. Gallacher, a 40-year-old Scot, steps into one of the toughest jobs in the sport.AP - 415 words
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Article151 1989-12-30 20 YACHTING AFP NEW ZEALAND YACHTS were first and second yesterday as the Whitbread round-the-world yacht fleet raced towards Auckland on the third leg which started in Fremantle last Saturday. Race headquarters in the Kiwi city reported that at 1900 GMT on Thursday. Fisher andAFP - 151 words
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142 1989-12-30 20 AP SUPER-MAXI DRUMBEAT, owned by millionaire industrialist Alan Bond and skippered by Peter Gilmour. opened a 62-nauti-cal mile lead over its rivals yesterday as it neared the finish of the Sydney to Hobart Classic. Australia's premier ocean yachting race. Drumbeat increased its lead overnight, butAP - 142 words
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Article, Illustration263 1989-12-30 20 TENNIS AP MARK WOODFORDE and Hana Mandlikova teamed up on Thursday night to lift Australia to a 3-0 quarter-final victory over the Soviet Union in the Hopman Cup exhibition team tennis tournament in Perth. Czech-born Mandlikova defeated Natalia Zvereva 6-4, 9-1 in the openingAP - 263 words
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473 1989-12-30 20 FOOTBALL NYT WHEN THE Los Angeles Rams play the Eagles in Philadelphia tomorrow in the National Conference wild-card game, the difference between the teams may be in their health. The Rams have suffered so many recent injuries to their defence that theyNYT - 473 words
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Article164 1989-12-30 20 PARIS-DAKAR RALLY AFP PATRICK TAMBAY on Thursday night became the second former Formula One driver to drop out of the Paris-Dakar Rally before the real action had begun. The Porsche engine on Tambay's Lada gave up irretrievably on the 60km drive from Tripoli toAFP - 164 words
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Article, Illustration513 1989-12-30 20 ATHLETICS AP BEN JOHNSON will start the 1990s recognised as the world's fastest man. but he may formally be stripped of his records a few weeks later. Mike Qee, technical director for the International Amateur Athletic Federation (lAAF), said it will beAP - 513 words
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Executive Jobs
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778 1989-12-30 21 JAYARAM MENON - Are executive secretaries executives? Going by their pay up to $50,000 a year and power, they have to be. More than that, their move up the hierarchy is often well-paved, reports JAYARAM MENON. JAYARAM MENON MENTION "secretary" and chances are the image of778 words
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206 1989-12-30 21 SINGAPORE executives can look forward to doing a post-graduate degree in accountancy via distance learning, said to be the first of its kind in the world. The three-year course, leading to a Master of Accountancy (MAcc) degree, is expected to begin in February,206 words
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Article, Illustration284 1989-12-30 21 THE new general manager of Tal-Pan Ramada Hotel is WILLIAM WONG. He has been in the hotel industry for about 20 years, and waa last resident manager of Hotel New Otani Singapore. EDM UNO UM KIM LENG has been appointed Singapore branch manager of Royal International Insurance284 words
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Article, Illustration526 1989-12-30 21 TAN KEE WEE - By TAN KEE WEE MANY PEOPLE go through life either totally bored with their work, or totally incompetent and unsuited for it. Neither the employer nor the employee gains in such a situation. One main reason why this unhappy state arisee is the expectations526 words
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Executive Lifestyle: Investment and Finance
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1047 1989-12-30 22 ALVIN TAY - PERSONAL FINANCE By ALVIN TAY IF YOU earn more than $100,000 a year, it may be worth your while to restructure your pay package now that the government has decided to put a ceiling on the amount of tax-free1,047 words
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Article, Illustration552 1989-12-30 22 C DOW - Money By C DOW Mr Dow is an investment manager with a major local pub-licly-listed company STOCK index futures, which is a tool for speculating in future stock prices, allow you to hedge your equity portfolio and also offer you the552 words
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Article, Illustration649 1989-12-30 22 Reuter SOUTH AFRICA'S slock market is ending the year on a confident note, buoyed by a firmer gold price and prospects of political and economic reform which are encouraging crucial foreign investment. Analysts said that since gold bullion reversed its two-yssr bear trendReuter - 649 words
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Don't quote me...
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Article123 1989-12-30 23 WITH ALL the momentous changes taking place in the political and economic systems of many countries in the world today, here is a timely definition of the various catechism of economics: Socialism: When you have two cows, you give one to your neighbour. Communism: When you123 words
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Article51 1989-12-30 23 WANTED BY a large property group in Hongkong: "Assistant manager for projects, age 30 to 46, mature personality and with food communications skills." Food communications skills?? That's new but perhaps not considering that power lunches are now the best way to get business done these51 words
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Article118 1989-12-30 23 FOR various reasons, listed companies in Singapore are very reluctant to disclose information about their corporate activities. But this reporter recently encountered a situation that takes the cake. When asked about some recent developments concerning his company, the director of a prominent finance company118 words
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Article67 1989-12-30 23 Sime Darby's proposed new listing in Singapore will mean a change of name for the company, which will be known as Sime Singapore Ltd. Well-connected sources say this is to avoid confusion with Sime Darby Bhd which is the Malaysian listed conglomerate. Which shouldn't disturb the67 words
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Article, Illustration622 1989-12-30 23 NAJEEB JARHOM - ®ap? By NAJEEB JARHOM The writer is research manager at Fraser Roach A Co THE UPBEAT mood of Investors and punters bodes well for the new-look Straits Times Industrials Index which will, from Monday. be deprived of Malaysisn component stocks for622 words
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Article, Illustration798 1989-12-30 23 STOCK MARKET AS THE LOCAL stock market approaches uncharted territory, the outlook has turned decidedly cloudy. Inveetment and Finance asked a panel of experts to look into their crystal balls. The five are Charles Chow, Head of Research at J Bellas Co; H Matsuda, Senior Vice798 words
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604 1989-12-30 23 WEALTH EFFECT NYT ONCE AGAIN, the "wealth effect" it bothering Wall Street. Thie time, the worrier* mey be on to something. The wealth effect refers to the way consumers step up pur* chases if they feel richer, and cut back if theyNYT - 604 words
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Page 13 Advertisements
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Advertisement128 1989-12-30 13 *****44 *****44 Hong Leong Finance Singapore Finance HJ 0156 9 OIS7 Choosing a timepiece should be a relaxed and connoisseurs as connoisseurs. And our F O R COLLECTORS The rare perfection of Patek Philippe at The Hour Glass. 1 comfortable affair. Especially youll learn all about the customers as fellow128 words
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Page 14 Advertisements
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Advertisement34 1989-12-30 14 ON SALE SOON V 1 ffftfflvjMf v- yfiflssp g''■ X Moving up the B .^y Sesdaq learning curve T \\lr, ''-S&,,' ;r -.#H --M*,-" *^^C/ Spotlight on: Slme Darby «*> >/V Amtek Engineering y y34 words
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Advertisement59 1989-12-30 14 BT welcomes letters it from readers. Your y I c letters must Include IJ your signature, lull I! i.. name, address, and home P®® and office telephone I numbers, II any. You may I add a pseudonym, H you wish. V I Address your letters to: V The Editor, Business59 words
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Page 15 Advertisements
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Advertisement178 1989-12-30 15 JADE TREASURE PAR EXCELLENCE YOU STARTED BY COLLECTING COINS STAMPS, followed with bronze figurine and then to paintings, not enough, you proceed with porcelain, thereafter you pursued further with rare and fine porcelain and paintings. But you never know what you have missed the finer things in life until you178 words
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Page 16 Advertisements
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Advertisement933 1989-12-30 16 m [[/fare to entertodn...Wfae to entertain... Where to entertain... Where to #m it" .jfll JjjH I For outstanding haute cuisine in surroundings I of unashamed opulence. The Palm Grill is the I name on everyone's lips. I Reservations, *****10 or *****85 ext *****/6. I GRH.L TiuwtsT^PLAZA g^ I I Have933 words
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Advertisement269 1989-12-30 16 &Ke tSkfoedm (SHeer N Raise a toast to the season of cheer at The Belvedere. We've festive buffets lined up all die way from die Ist to 31st Dec 1989, and gala dinners during the festive Hobdays. So celebrate the old year, ring in die new, with friends at The269 words
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Page 17 Advertisements
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Advertisement131 1989-12-30 17 entertain..,. J Celebrate, Celebrate And Celebrate. From early December right into the 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. Join us and celebrate in the131 words
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Advertisement162 1989-12-30 17 All manner of Teochew delicacies await you at two very convenient locations on Battery Road in the Business District, and at Centrepoint on Orchard Road. Whether you're planning a celebration for 10 or 300. well give you a feast from the sea. presented by our famed master chefs. Chuan Hai162 words
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Page 17 Miscellaneous
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Miscellaneous743 1989-12-30 17 WKMMm HHV JHI ■■~|H 1 H■■ m jHi~ hh BK( IB CRYPTIC PUZZLE tha nuraary 5) 2 Prima donna (4) 9 Allowad to ascapa whan 3 Dabaaaa (8) ACROSS ona pot a ho»a in (4. 4. 2) 4 Principles of claanlinaM 9 Can't find tha mica ttta 7 Poll In743 words
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Page 21 Advertisements
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Advertisement154 1989-12-30 21 DHL IN THE NEWS Advertisement nui amama iI%A iiiaJjJ tries and operates an air fleet that is one of UHL SDanS IMG WOIIQ the largest in the world. Around the world DHL has over 18,200 trained professionals DHL was started in the United States dedicated to meeting demands, in 1960154 words
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Advertisement251 1989-12-30 21 M k YEARS CBI OVERSEAS, MC. ACCOUNTANT I We are looking for a self motivated and energetic person to join the Accounting H Team of our multi-national organization. Preparation of monthly financial plans, I reports and cash forecasts. H Analysis of cost variances and reconciliation of general ledger accounts. Supervision251 words
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Advertisement347 1989-12-30 21 E 1 division IEP6II ASSISTANT CONTROLLER Based in the Division Headquarters Office located in Singapore, here is an opportunity to join an outstanding international beverage company in a key managerial position offering first class career prospects. The Division Assistant Controller will have a broad range of financial functions including accounting,347 words
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Page 21 Miscellaneous
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Miscellaneous49 1989-12-30 21 RBgiCTBIiBBIffH U>HO THOUGHT UP Roraooß HBS IT sr R&GINRLD ■T l 'IT —znr\ I THE. STURD RULCS uieNT UP ON THC ROOF OF THE ISfLSQ T n^£-,wI V P>N> U,P *V? V BUILDING.THR€£.D«YS WStR He p£ ?c?Y JVv cwne docjn lohh"li-te. R<jlC w leooie w his HP>ND O——mmwwimm» &A<s.49 words
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Page 22 Advertisements
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Advertisement149 1989-12-30 22 INVESTING IN SHARES? CALL Jf ASK FOR hen opportunity knocks you'll want to be It's so easy and convenient to apply for CREDIT ready. Here's where Hong Leong Finance PLUS. Drop by any of our 28 conveniently located and Singapore Finance can help. offices or call LISA, our new 24149 words
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Page 23 Advertisements
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Advertisement118 1989-12-30 23 ■Hv Scatpel-scissors-sutures.- Business Times Whether you're a surgeon, lawyer, contractor or engineer. all the current trends that affect them. you need to be kept well informed to maximise returns on Essential information accessible every business day your money. through Business Times. In the same way a surgeon needs his tools118 words
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Page 24 Miscellaneous
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Miscellaneous650 1989-12-30 24 The week's < movies Retara of the Six Mttoa Dollar Maa aad the Bloalc Woman, Today. 10.30pm. SBC 5 Reat aaaured that thia la a movie thst ia going to be aa long and tedioua aa its title. Steve Auatin and Jsims Somsra go through thsir slowmotion movements to the650 words
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Miscellaneous2302 1989-12-30 24 CATI IDHAY ci T: t-"* IUO l r nlaMMo 1 'm SSSStThS. 6 6 oAiUKUAY to. cZ. (C JDL IL RTN 2 The Nm Hmvm 9.00 Newest Nine. Sword end Dragon 7.30 PM Opening and *-30 Mystsry Dream (Ep IJ9 FM NaNonel Anthem Sebre. Programme 10.90 Doublebill Feature I (flowed2,302 words
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Miscellaneous222 1989-12-30 24 Our choke VHhlmMob Sped* Today. 9.00pm, SBC 12 Videofaahlon'• special segment on International Menswear tonight should help you spruce up your sartorial style for the new year. Ponder on the current look for the man-on-the-move which combines rugged individuality with modern sophistication. Next, decide on whether Oaniel Hechter, Wendy Dagworthy,222 words
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