The Business Times, 6 January 1990
1990-01-06
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The Business Times
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Title Section12 1990-01-06 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend Edition, January 6-7 1990 75 CENTS12 words
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219 1990-01-06 1 SOH TIANG KENG - By SOH TIANG KENG THE Singapore International Monetary Exchange (Simex) is considering whether to continue with its US-style dual trading system. BT understands that Simex's floor committee may come up with proposals on the matter which it will submit to the219 words
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378 1990-01-06 1 WILLIAM CHIA - By WILLIAM CHIA WEARNES TECHNOLOGY, the wholly-owned subsidiary of Wearne Brothers Ltd. is part of a group making a US$5O million bid for US computer maker Qume Corporation. According to wire reports, Qume chairman and chief executive David Lee378 words
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529 1990-01-06 1 WILLIAM CHIA - by WILLIAM CHIA DAI NIPPON Printing Company Ltd of Japan has agreed to mop up a controlling 54 per cent stake in Tien Wah Press (Re) Ltd from the Wong family for an estimated $76 million. This follows the exit of529 words
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161 1990-01-06 1 AP THE US UNEMPLOYMENT rate held steady at 5.3 per cent in December, ending 1989 at about where it began, in spite ot weak-er-than-average job growth in the final month of the year. The civilian jobless rate, as measured by aAP - 161 words
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Article, Illustration271 1990-01-06 1 ASSESSMENT OF LONDON PUBLICATION LOCAL FUTURES exchange Simex has been named "Exchange of the Year" by the International Financing Review, a well-known London publication. IFR said Simex did well in fending off the threat from the Tokyo International Financial Futures Exchange (Tiffe) last year.271 words
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500 1990-01-06 1 JEFFREY TSANG - MARKETING SINGAPORE WILL BE TOUGHER TASK: EOB By JEFFREY TSANG NEW MANUFACTURING investment commitments in Singapore, which fell marginally to an estimated $1.95 billion last year, are expected to decline further this year, the Economic Development Board (EOB) said yesterday. The fall reflects Singapore's economic500 words
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Article49 1990-01-06 1 Reuter SOVIET President Mikhail Gorbachev's cancellation of January meetings with foreign political leaders weighed on US stocks, overshadowing news of a smaller than expected gain in US jobs in December. Light arbitrage selling also hit blue chips. The Dow was off 17 at 2.780 early yesterday. ReuterReuter - 49 words
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Article56 1990-01-06 1 AP LONOON share prices were steady at lower levels at mid-day yesterday, after recovering from early falls induced by Tokyo's earlier stumble. At about noon (1200 GMT), the Financial Times-Stock Exchange 100-share index was 10 points, or 0.4 per cent, lower at 2,441.6. At its best, the index touchedAP - 56 words
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121 1990-01-06 1 A FALL on the previously bullish Tokyo stock market dragged down prices on the regional stock markets yesterday. The Tokyo stock market fell on reports that Soviet leader Mikhail Gorbachev had cancelled all January meetings with foreign officials to focus on domestic events. The121 words
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FINANCIAL MARKETS SUMMARY
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Article45 1990-01-06 1 Friday ST Indurtiloh Index 1,531.47 (-2.70) IT Composite Index 1,356.76 (-3.93) NST Industrial Index 2,934.32 (-0.81 HK Hang Seng Index 2,839.94.(-28.01 Tokyo NldteJ Average 38,***** (-438.12) Sydney AM-Ordlnorles 1,710.8 5.3) Thursday New York (Dow Jonet) 2796-07( -13.66 London (FT 30 Index) 1,957.3(-l 1.0)45 words
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Article11 1990-01-06 1 US$l 144.15 yen 1.6875 DM 551.8990 U551.6333 Ms« 550.702511 words
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Article17 1990-01-06 1 Euro-$ (Mar) 91.91 DM (Mar) ***** Yon (Mar) 0.*****7 Pound (Mar) 1.6136 Nickel Index (Mar) 38,30517 words
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Article12 1990-01-06 1 S'pore (buyer's quote) U*****.30 +US$67O London (Morning Rx U*****.20 US$O.2O12 words
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Article10 1990-01-06 1 S'pore February 159.00 centsAfl 0-50 M'skj February 224.00Mct5/kg (unch10 words
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Article14 1990-01-06 1 Tumoven 524 lot*(-652 Jan M5643/tame (-4 Feb Ms66B/tome (-2 Mar Ms67B/tome (-214 words
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Article20 1990-01-06 1 THE overnight rate on the Singapore money market was 3/4 point lower at 4-1/4 per cent yesterday. Short-term20 words
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Page 1 Advertisements
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Advertisement264 1990-01-06 1 Nikon The Wbrid's Finest Photographic System. Rio's grand, man Page One Comma tary A brief history of the destinarian state Page Two Naaltli The art of enjoying the present Page Five WfhtSfMts Savour the rock in Hard Rock Cafe Page Six Caattst Results of Christmas Crossword Contest Page Six Extcitto264 words
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Advertisement7 1990-01-06 1 CFTC to restrict dual trading, PAGE 57 words
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Advertisement194 1990-01-06 1 Nikon The Wbrtd's Kneel PtwloyapNc Syrtsm. Full report, PAGE Regional mfcts, PAGE 10 World mkts, PAQE 11 f 7 There .Are Those Who Recognise The rafl ()f GeraU (jenla. .\nd There Are Those ho (an Also Afford H. The watchmaking genius of Gerald Genta is encased in every timepiece he194 words
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HOME NEWS
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Article, Illustration642 1990-01-06 2 ANNA TEO - STUDENT INTAKE OF THREE SCHOOLS WILL BE RAISED TO 10,000 A YEAR By ANNA TEO A THIRD POLYTECHNIC, Temasek Polytechnic, will be built at a cost of between $300 million and $400 million in the eastern part of Singapore to cater to642 words
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120 1990-01-06 2 DIESEL VEHICLES in Singapore will have to meet stricter exhaust emission standards from next Jan 1. Such vehicles will have to comply with standards specified in the United Nations Economic Commission for Europe Regulation before being allowed to be registered in Singapore. Manufacturers'120 words
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382 1990-01-06 2 A TEAM OF senior polytechnic officials will head for Europe next week on a fact-finding mission to learn more about the Swiss and German systems of vocational training, and in particular, the strong industry-institu-tion links there. Making the trip to Switzerland and West382 words
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243 1990-01-06 2 UPMARKET watch retailer The Hour Glass has expanded its Milano Pizza chain to seven with the takeover ot Domino's pizza restaurant in Holland Village for $417,000. The Sesdaq-listed company said yesterday its wholly-owned Milano Pizza Restaurants Pte Ltd had purchased all 35.000 ordinary shares243 words
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Article217 1990-01-06 2 KEPPEL SHIPYARD will pay its 2,000 employees 5.17 months in bonus this year (for 1969), it was disclosed yesterday. "This is the highest we have ever paid," said a Keppel spokesman The shipyard has already advanced one month's payment and will pay the remainder next217 words
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Article, Illustration291 1990-01-06 2 SEVERAL big projects of the National Trades Union Congress will be put in place this year to cater for the increasingly sophisticated workforce. These projects include a labour college, a radio station, a holiday facility on Sentosa and a golf291 words
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252 1990-01-06 2 AN ADMINISTRATIVE tribunal that can handle appeals against dismissal of union officials is one way to protect employees from antiunion action by employers. Though anti-union activities have been rare in Singapore. a commentary in the latest issue of252 words
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173 1990-01-06 2 UNITEO Parcel Service (UPS), the largest package delivery company in the world, yesterday launched its first scheduled (light to Asia using its own aircraft. A statement from UPS said a DC-8 will make five round trips each week from Anchorage in173 words
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Article66 1990-01-06 2 PARLIAMENT will sit on Monday. Jan 15, at 12 30pm. the Clerk of Parliament said yesterday Two major issues will come up for debate: one is the White Paper on the Maintenance of Religious Harmony, and the other, the report by the Select Committee on Land Transport Policy.66 words
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350 1990-01-06 2 THE SENIOR Parliamentary Secretary for the Environment and Trade Industry ministries. Eugene Yap Giau Cheng, will leave the government service at the end of the month to join listed Hai Sun Hup Group Ltd as deputy chairman. A statement from the Prime350 words
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237 1990-01-06 2 COMMUNITY Development and Foreign Affairs Minister Wong Kan Seng will address members of the blue-ribboned Club 200 at its annual dinner tonight. Mr Wong, the club's patron, will speak on the 25th Anniversary Celebrations currently underway to mark the nation's 25th birthday. Club237 words
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Article966 1990-01-06 2 ARRIVALS Operator S*rvic« Local From numbor Hm« S1A SQ23 0935 AMS/BOM ACA AC888 0950 YYZ/LHR/BOM SU SQI03 0950 KUl CPA CX710 1000 CGK CAL C1672 1000 CGK MAS MH605 1020 KUl SiA SQI51 1045 CGK GIA GA960 1100 CGK RBA BU21 1100 BWN SIA SQ105 1105 KUl OA966 words
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Page 2 Advertisements
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Advertisement139 1990-01-06 2 Travel with Futuristic Crew Maruem Crew, power-packed, futuristic and innovative. Suitcases that offer unsurpassed durability for shocks. It's sleek, tear-proof! An intelligent locking device provides the ultimate security. Maruem Crew for the powerful business class. In 4 colours. Sizes: (>2cm, 67cm, 72cm, 77cm. crew Made In Japan Nolr agent: SIN139 words
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Advertisement65 1990-01-06 2 It's a )ungle out there, Lifestyle, Page Nine -w 1 -w- -W" it The butineu pmon» choice every Tuesdav, 'I II Thunday.SiturdayandSumby. Leaving Changi I I l\ I —I Airport at 21:55 houn and arrivine at OH art 111 f M International Airport the following day. Cjdl ynmr travri Mgrnl65 words
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Page 2 Miscellaneous
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Miscellaneous210 1990-01-06 2 I WEATHER wrr Global temperatures 4 and weathar forecast for Jan 6 OUTLOOK: Cloudy, with City Max/ Note occasional iliowtri In Mln the lata morning and at(°C) tarnoon Report for 24 hours prior Abordoon 08/03 Windy 7 „n Jon 5 ot Amsterdam 09/04 Broozy airport: A thorn 09/05 Cloudy Mai210 words
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FOREIGN NEWS
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540 1990-01-06 3 NYT ATTRACTED by the hope of bargains. real estate investors and prospective home buyers are jamming the phone lines of the US government agency that this week began selling billions of US dollars' worth of properties owned by failed savings institutions.NYT - 540 words
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211 1990-01-06 3 AFP A STRONG export performance will turn Indonesia's balance-of-payments position from US$677 million in the red in 1988-89 to a US$5O5 million surplus in the year ending March 30, according to a government paper yesterday. Income from oil and gas exports isAFP - 211 words
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Article, Illustration417 1990-01-06 3 AP US AGRICULTURE Secretary Clayton Yeutter bluntly told his Japanese counterpart on Thursday that Japan would have to cooperate with the rest of the world in removing protectionist barriers to trade. Mr Yeutter's comments at a conference in Florida of agricultural leaders from fiveAP - 417 words
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316 1990-01-06 3 Reuter VIETNAM, facing a major cutback in loans from allies in the Soviet Union and Eastern Europe, says Western lending institutions are Withholding desperately needed aid out of malice. Deputy director of Vietnam State Bank's foreign department. Nguyen Cong Hai, said HanoiReuter - 316 words
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225 1990-01-06 3 AP FAR EASTERN manufacturers have been dumping certain machine tools, small business telephone systems and door locks in US markets. the US Commerce Department said on Thursday. "Dumping" is the sale of products at less than what the department determines isAP - 225 words
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131 1990-01-06 3 AFP THE Khmer Rouge have told a special Australian envoy that they must be included in any interim administration grouping all of Cambodia's factions, a spokesman for the resistance group said yesterday. But Khmer Rouge leader Khieu Samphan, in talks on Thursday withAFP - 131 words
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481 1990-01-06 3 NEW AGENCY BACKS INTERNATIONAL PRIVATE INVESTMENT AP A NEW INTERNATIONAL body announced on Thursday the first accord in its job of bolstering private investment throughout the world: insurance of a US mining company against damage from any war in Indonesia. The Multilateral Investment GuaranteeAP - 481 words
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132 1990-01-06 3 Reuter THE Soviet-led trading group Comecon is obsolete and should be restructured to reflect the changing face of Eastern Europe, a Soviet official said. Sergei Ouganov, a member of the advance Soviet delegation to next week's Comecon meeting in Bulgaria told a news conferenceReuter - 132 words
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247 1990-01-06 3 AP SOUTH KOREA'S corporate investment overseas between January and November last year jumped 133 per cent from the same period a year ago to US$424 million for 220 equity projects, the Bank of Korea reported yesterday. Officials at the central bank said it was theAP - 247 words
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Page 3 Advertisements
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Advertisement189 1990-01-06 3 Audi 100 Pacesetter in a new generation of superior saloons Those who truly understand upmarket cars go for Audi. A car several cuts above the rest. More responsive. More fun to drive. The pacesetter. With advances other saloons are able to follow only now, a decade later. Aerodynamics. The first189 words
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Page 3 Miscellaneous
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Miscellaneous39 1990-01-06 3 Doonesbury by garry trudeau GeM&W. WHEN MR. KBATIN6 OFCOURSZ IT MAS. AND STATED THAT HE CBRJAINLY GIVEN THAT REACTION, HOPED HIS CONTRJBUWN3 *I™*? UJHAT, IF ANYTHING, DO NAIVETE. THAT*NOT HAPINFLUeMSPM, <2$ DISMAY! YOU CONSIDER yOUR' ///1\ A CHME! //||j39 words
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MONEY AND EXCHANGES
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274 1990-01-06 4 Reuter ECONOMISTS look for the Federal Reserve to continue easing its grip on credit in the new year, but some caution that the central bank may defer its next move for several weeks. Yesterday's US employment data for December, to beReuter - 274 words
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83 1990-01-06 4 Reuter NATIONAL AUSTRALIA Bank Ltd will lower its benchmark (prime) lending rate to 20.25 per cent from 20.50, effective Jan 8. Don Argus, National Australia's executive director of banking, said in a statement the change reflected an easing in short-term interest rates in recent weeksReuter - 83 words
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Article159 1990-01-06 4 AFP CZECHOSLOVAKIA is to devalue its currency by 18.6 per cent against Western currencies and revalue it by 10 per cent against the rouble and other Eastern European monies, Finance Minister Vaclav Klaus said in Prague on Thursday. The devaluation was the first of a seriesAFP - 159 words
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Article1453 1990-01-06 4 SINGAPORE: The dollar ended higher yesterday after a session ot choppy and nervous activity, influenced by Bank of Japan dollar selling intervention in Tokyo and news Soviet Leader Mikhail Gorbachev was cancelling meetings with foreign officials in January. "Players were covering their short positions after the Gorbachev news1,453 words
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Article239 1990-01-06 4 ASIAN dollar deposit rates closed mixed in quiet trade yesterday, with operators awaiting the 1330 GMT release of US December jobs data, dealers said. "The outcome of last night's US employment figures will determine the movement of Asian dollar deposit rates on Monday," a dealer said. us$239 words
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Article639 1990-01-06 4 EURODOLLAR futures closed higher on position squaring on Simex in fairly moderate trading before yesterday's 1330 GMT release of December job data for the US. dealers said. The dollar's recovery lent some support but operators refrained from taking large positions before the jobs data, forecast to show payrolls rising639 words
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Article505 1990-01-06 4 IMM CURRENCY FUTURES closed sharply higher and near the session's strongest levels set late. Trading was active on Thursday. Some profit taking before the release of US employment data for December yesterday trimmed the advance, but sentiment turned positive after several central banks intervened. Futures fell early in the505 words
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Article, Illustration183 1990-01-06 4 Indicate* th# ivirtji of iL m m lan (jinn n utf primf riiti Of 12 ma|or bank* In B'pore Interbank market rates (offer/bid) on Jan 5 US DM SWFC Y«n 7 1/6 6 1/4 IS 1/6 IS 7 9/16 7/16 10 1/4 10 t 1/1 d 1/1183 words
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Article74 1990-01-06 4 THE overnight rate on the Singapore money market was 3/4 point lower at 4-1/4 per cent yesterday. Short-term rate for one month was unchanged at 5-3/4 while the two-month and three-month rates rose 1/16 point each to 5-3/4 per cent. S$ Interbank rates at the close yesterday: 0««74 words
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Article113 1990-01-06 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFER HIGH LOW 3 months 8Q*****S 5.04.90 4.40 4.35 4.50 4.36 6 months BS*****V 18.01.90 4.40 4.35 1 yeor BY*****Z 18.10.90 4.47 4.42 4.50 4.46 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code113 words
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Article1236 1990-01-06 4 CURRENCY FUTURES OPTIONS FrWoy January 5 1990 DEUTSCHE MARK (SIMEX) DM M can* Oac M pwM 52 53 54 JAPANESE YEN (SIMEX) Dac M call* Oac 88 puts 71 72 73 73 CURRENCY FUTURES OPTIONS IMM Thuroday, January 4, 1990 BRITISH POUND C82.500; cants par t Mm CMMM Put^MM1,236 words
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BANKING AND FINANCE
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454 1990-01-06 5 QUAK HIANG WHAI - REACTIONS TO LAND TRANSPORT RECOMMENDATIONS By QUAK HIANG WHAI SECOND-HAND cars are likely to account for a bigger slice of the car financing business if a proposal by a Government-appoint-ed committee to slap a quota on new cars is implemented. Several financiers told BT454 words
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166 1990-01-06 5 AFP JAPAN's third-largest insurance group, Taisho Marine and Fire Co Ltd, has been discussing a possible partnership with Generali, an Italian insurance group, a Taisho spokesman said in Tokyo yesterday. The spokesman said that Taisho's president, Haruo Takesda, held a meeting in NovemberAFP - 166 words
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283 1990-01-06 5 Reuter THE HONGKONG Government Exchange Fund withdrew funds from the banking system yesterday morning to stabilise the Hongkong dollar, Deputy Secretary for Monetary Affairs Joseph Yam said. The banking system was quite liquid after the New Year and there were signs thatReuter - 283 words
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238 1990-01-06 5 AFP THE PHILIPPINES' new foreign debt negotiating team leaves on a four-city tour next Tuesday to meet the country's commercial creditors, a finance department spokeswoman in Manila said yesterday. The team, consisting of outgoing Central Bank governor Jose Fernandez, his successor JoseAFP - 238 words
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562 1990-01-06 5 NYT THE US Commodity Futures Trading Commission (CFTC) on Thursday unanimously approved a proposed rule that would restrict dual trading on the nation s largest commodity markets, a first step towards the possible banning of the practice from all futures markets. The agency'sNYT - 562 words
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154 1990-01-06 5 Reuter JAPAN will stop providing official yen loans to South Korea by the end of the current fiscal year on March 31, 1990. a Foreign Ministry official in Tokyo said yesterday. "South Korea is no longer an object for official yenReuter - 154 words
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169 1990-01-06 5 Reuter CASH-STARVED Argentines formed long lines at banks when they reopened after six days on Thursday, seeking to withdraw the austral currency whose value soared due to a government programme to stop hyperinflation. Economy Minister Antonio Erman Gonzalez urged investors to keep calmReuter - 169 words
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Article, Illustration397 1990-01-06 5 SOH TIANG KENG - MOVE ENABLES INSURANCE BROKER TO PROVIDE BETTER SERVICE By SOH TIANG KENG CITICORP Insurance Brokers (CIB) has been given the go-ahead by the Monetary Authority of Singapore to conduct business directly with Lloyd s of London, making it the first local insurance397 words
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Page 5 Advertisements
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Advertisement130 1990-01-06 5 Our print may be small but our clients are BIG. ■■■iMßfii Not many people will spend that little extra for a High Quality Security System or Service but those who know the difference want the best like AT T. British Council. British High Commission. Borneo Motors. Champion Motor. Tan Chong.130 words
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COMMODITIES
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330 1990-01-06 6 NYT AFTER SURGING this week to one of its highest trading levels in four years, oil prices are likely to decline gradually before reaching a low point sometime in the spring, industry analysts said on Thursday. Another cold snap or a display of unityNYT - 330 words
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217 1990-01-06 6 Reuter CHINA announced on Thursday its coal output for 1989 had exceeded a landmark one-billion-tonne state target but said industries remained starved of their most crucial energy source. Output of the "grain of industry" rose to 1.04 billion tonnes in 1989, againstReuter - 217 words
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Article243 1990-01-06 6 HONGKONG: Gold closed higher on demand from Japan and local follow-through short-cover-ing yesterday. Bullion ended at U*****.60/402.10. Local gold closed HK$56 higher at HK53.729 a tael. Coins rose between HK$45-HK$5O. TOKYO: Yen-denominated gold futures rallied yesterday to close 10 to 21 yen per gram firmer on late individual243 words
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Article149 1990-01-06 6 Telerate FUEL OIL prices in Singapore eased in sympathy with the softer Nymex WTI close. Sell indications for February CST--180 were reportedly down around US$llO per tonne fob Sing but buyers were at prices US$2- US$3 per tonne lower. An independent continued to offer Indian materialTelerate - 149 words
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Article181 1990-01-06 6 Chinese Produce c«ooo» <* im»/ioo^i Exchanae H m moo liMIMqi" 2nd hand drum, 1 16.00 Seiir»' *on doting prkM on 107 00 )on J ($1/100 kg) Local ki buft 104.00 1 ...oo c °p r m vio<*O) OM <frv» rot 91 00 No 1 (•state) 62.00 n.. drvm181 words
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Article193 1990-01-06 6 London 3-***»#« 1555/1556 Commodity '"SftSS Exchange Ton., soi**. <*****) Buyer/Seller dosing prices (US$/tonne) on Jon 4 (£/tonne unless Co* 6720/6740 Pr.vlow losing "X* prices In porenthesls. (6840/6850) Coffee Sottiomont 6680 (6720) ion 632/633 Ton*, Soi** (1136) (632/634) High/Low 639/632 Mor 650/651 Co* 438/440 (652/654) (436/437) High/Low 657/650 3-month.193 words
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Article1506 1990-01-06 6 AT CONVENTIONAL WHARVES VMNl Voy No Berth Arrival Departure Keppel Whenrei Hoti Boik B 8/89 K33 alongside 0601/ 0700 Jinhuquon 8 K32 olongside 0601/ 2300 Koto Berlion 1/90 K3I alongside 06.01/ 0600 Kris Melelo 0IE K27 alongside 0601/ 1300 Morkhom Boy 21 K30 alongside 07.01/ 2300 None1,506 words
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Article354 1990-01-06 6 RAS prices In 3 cents/kg, FOB In bale* NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 155.00 156.00N 156.00 157.00 lot 1 RSS Feb 90 158.00 158.50 159.00 159.50 Int 1 RSS Mar 160.75 161.25 161.75 162.25 Int 2 RSS OP 152.50 154.50N 153.00 155.00N354 words
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Article420 1990-01-06 6 SINGAPORE: Rubber prices closed slightly higher yesterday with February 1 RSS buyer quoted at 159.00 cents a kg. Prices rose slightly on some weekend trade covering interest with higher Japanese advice aiding sentiment. However, trading remained quiet. On the TSR-20 Award market, prices rose marginally in the afternoon on420 words
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Article319 1990-01-06 6 MALAYSIAN CRUDE PALM OIL FUTURES ended slightly easier on the Kuala Lurnn'r Commodity Exchange yesterday on pre-weekend profit-tak-ing in line with the softer overnight Chicago Board of Trade Dealers said India'? tender in the market, however, limited prices drifting much further. But, there were no confirmation whether India319 words
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Article62 1990-01-06 6 A LATE spurt ot local-led technical selling erased gains in Chicago Board of Trade soybeans and all contracts closed with modest losses on Thursday. Commission house buying lifted futures early, with March cresting at US$5.B4-1/4. Soybeans closed down 5.0 to 1.0 cent per bushel In active months, with March62 words
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Article65 1990-01-06 6 CHICAGO BOARD of Trade soft red winter (SRW) wheat futures closed slightly lower in light trade on Thursday. Wheat closed down 3/4 to 1/4 cent per bushel with March off 3/4 at US$4.O9-1/4. CBOT corn futures closed narrowly mixed, with nearby contracts slightly lower and deferreds slightly higher. Corn65 words
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Article202 1990-01-06 6 THE price on the Kuala Lumpur Tin Market (KLTM) dropped for the fourth consecutlvs trading day, closing another sight cents lower at Mst7.B4 a kg yesterday, rsftscting a furthsr pries fsll on ths London Mstal Exchanga, dsalsrs said. They said ssntlmsnt rsmslnsd wssk as buysrs wsrs csutlous about202 words
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Page 6 Advertisements
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Advertisement94 1990-01-06 6 Contact telephone numbers (T anjong Paga r Term ina I) Section 1 Section 2 Section 3 Berth telephone 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 Cl94 words
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COMPANIES & MARKETS
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552 1990-01-06 7 MBT THE SCRAMBLE for a stockbroking seat on the Kuala Lumpur Stock Exchange has intensified with interest now spilling over to the bank-owned stockbroking companies. In recent months, foreignbased stockbroking firms have been actively wooing a number of the bank-owned stockbroking companiesMBT - 552 words
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362 1990-01-06 7 Bernama THE KUALA LUMPUR Stock Exchange (KLSE) which experienced an unprecedented volume of business this week has ruled out any plan to shorten its trading hours. The announcement was to refute rumours that the exchange had planned to reduce its current trading hoursBernama - 362 words
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534 1990-01-06 7 AMY BALAN - KIM ENG SHARE APPLICATION FORMS SNAPPED UP By AMY BALAN SINGAPORE'S first public offer of the year promises to be a booming success going by the rate at which share application forms for Kim Eng Holdings are being snapped up and the large534 words
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Article, Illustration152 1990-01-06 7 UNITEO OVERSEAS Bank (UOB) has appointed Mr Wee Ee Cheong and Mr Ernest Wong Yuen Weng as its directors with effect from Jan 3. The bank said in a statement yesterday that Mr Wee and Mr Wong have also been appointed as directors of Lee Wah152 words
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513 1990-01-06 7 Bernama ARAB-MALAYSIAN Merchant Bank Bhd (AMMB). which has long wanted a commercial hank, may not pursue that objective if Bank Negara allows merchant banks to widen the scope of their services, including foreign exchange dealings. AMMB chairman Tan Sri Azman HashimBernama - 513 words
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Article, Illustration505 1990-01-06 7 THE SUCCESS STORY of Tien Wah Press, one of the greatest in the annals of the printing world, is also the success story of one man: Mr Wong Tik Yun. Born in 1917 on a ship bound for Malaysia from China,505 words
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Article, Illustration1602 1990-01-06 7 ABDUL HADHI; WILLIAM CHIA - The events leading to the Wong family losing control of Tien Wah Press is a tragic tale of the company as well as of family patriarch Wong Tik Yun who built a small $3,000 company into a world printing giant. WILLIAM CHIA traces the1,602 words
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SES
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Article, Illustration808 1990-01-06 8 ABDUL HADHI - ABDUL HADHI A FALL in the Tokyo market yesterday made investors nervous, prompting a selling wave on the Singapore stockmarket in the afternoon. The Straits Times Industrials Index tumbled to 1,518.86 at one stage, a fall of 25.98 points from its mid-day808 words
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Article247 1990-01-06 8 Rises Spore Fodder 136 +7.1% +9 Spore Ekrs 500 645 6.6% 40 OUI 472 +4.0% +18 UOl Wrh lie +3.5% +4 Gty Dev Wrtj 47 +3.3% +1% Gutbrl* Ln 20* 18 +2.9% Metalock 25* 264 +2.7% +7 Eu Yon Sang 356 +2.3% +8 Gvthrle Wrtj 68 +2.3% +1%247 words
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Article231 1990-01-06 8 Rises MISC Foreign 850 11.8% 90 NST 570 +7.5% +40 MBf Finance 50* 91% +7.0% +6 A M M B 620 6.9% 40 Kemayon 50* 137 +4.6% +6 Keck Seng 178 +4.1% +7 Petaling Gd 50* 240 +3.4% +8 Tractors 930 +3.3% +30 Seal Inc 194 +3.2% +6231 words
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SES SHARE INFORMATION
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Article3429 1990-01-06 8 Qr't Or*o Vol Day Laat Quel* Mv Mv rid Itot M Cap H h Low Company Sate +or- (*000) High Lot. Buyar SaMar C*vr MS SmM JAN 08 DEBENTURES, BONOS, LOANS 330 124 t 1543 CK Tang Wt 1980 200 4 16 292 290 290 300 7354 66*3,429 words
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Article1729 1990-01-06 9 Qr'a Gr'a 1989/90 Tel Last Vol Day Last Quote Olv Oiv Y'M Not M Cap Low Cod* Company Sale or- ('000) High Low Buyer Seller C'vr P/E Smll JAN 05 HONG KONG STOCKS 900 980 1739 Cheung Kong 960 5 980 900 970 1000 750 735 1341 Hongkong Bank1,729 words
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Article246 1990-01-06 9 179- 60- t 4000 Amtek Eng 20* 145 -1 53 146 145 145 146 150 70V4 4006 Fuji Offset 20< 120 -1 47 i£ 40 ON 5 4 3 4 3 104 3 330 136 4001 GB Hldgs 10< 306 d 1(J2 1Q0 1Q5 7.5 5 9 16 13246 words
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Article249 1990-01-06 9 6000 ASK Computer 1975 1900 6001 Adolph Coors 1975 1800 2400 4837V4 3475 6003 Apple Computer 3700 3750 3825 6005 Charming S 6007 Cipher Data 6010 Daisy Systems 900 6011 Dresdner Bank ***** ***** ***** 5000 5000 6012 Ericsson Tel 5000 ***** ***** 3850 2325 6013 Intel Corpn 3175249 words
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Page 8 Advertisements
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KLSE
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Article, Illustration457 1990-01-06 9 MBT PROFIT-TAKING, which surfaced on Thursday, turned more pronounced yesterday and share prices ended slightly easier in continued active trading The performance of the market could have been influenced by weaker overseas bourses The Tokyo market was unnerved by reports thatMBT - 457 words
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Article2344 1990-01-06 9 1990 Last Vol Day Mat High Low Company Sala ('000) High Low P/E INDUSTRIALS <co 322 292 MSB 50c 308 11 3017 322 298 37.1 315 9 84 88V4 API 7554 -2 1875 79 7254 58 3 I flin cqq asm 50c 600 -5 39 605 590 42.9 2460 02,344 words
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Article301 1990-01-06 9 Monagers' prk*» for ion 6 Royal Trust Asset Mgt IT S'po'e G' fu»d 1 03 IT Avo Poc G' fund 1 '35 109 1 195 Singapore Unit Trust The Cowtt Th* $o..«g* fund S pO'« P'Ofl fund S po'« S*< fu«d po'« 0 S'por* fqui»v fund 0 *5301 words
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Page 9 Advertisements
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Advertisement22 1990-01-06 9 A Sichuan Culinary Heritage f 1 at Golden Phoenix UoWm Plmmmilx .JfegmmMr of Mrhtaui HraUMirmm W J jf- Hotel Equatorial. Tel: *****3122 words
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REGIONAL MARKETS
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549 1990-01-06 10 Reuter TAIWAN'S huge underground investment companies have begun the new year with crisis. The largest illegal bank slashed interest rates while investors in the second biggest said they would demand a government takeover. The massive Hung Yuan Group, which last year said itReuter - 549 words
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Article, Illustration380 1990-01-06 10 Reuter IN A MOVE unusual for a Japanese firan, Kao Corp is shifting worldwide control of two divisions to the US and West Germany. A company spokesman said its floppy disk division would be controlled by its subsidiary Kao InfosystemsReuter - 380 words
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180 1990-01-06 10 Reuter JAPAN'S Dai-ichi Katei Denki Co Ltd has agreed to buy a chain of consumer electronics shops from Hongkong-listed First Pacific Co Ltd for HK545.5 million. First Pacific said in a statement its First Pacific Consumer Electronics Co Ltd unit, which tradesReuter - 180 words
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250 1990-01-06 10 AP NESTE Corporation Oy, a leading Finnish oil and chemical firm, is planning to invest US$2O million to US$3O million to open a resin plant in Malaysia. Neste is negotiating with several local partners and hopes to finalise theAP - 250 words
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173 1990-01-06 10 C W mum on reported sale off HK Telecoms stake Reuter CABLE AND WIRELESS pic said it had no comment on a report in the Hongkong Economic Times that it had sold a 15 per cent stake in Hongkong Telecommunications Ltd to China's China International Trust and Investment Corp (Citic).Reuter - 173 words
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Article, Illustration1136 1990-01-06 10 Hongkong SHARE PRICES on the Hongkong Stock Exchange closed sharply lower In light trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, (ell 28.01 points, closing at 2.639.94. Turnover amounted to HK$BB7 million, up from Thursday's HK1548 million. Brokers sttributed the downtrend1,136 words
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Article, Illustration583 1990-01-06 10 Tokyo Reuter REPORTS that Soviet leader Mikhail Gorbachev cancelled all January meetings with foreign officials to focus on domestic events sent the Tokyo share index tumbling as much as 622.37 points in mid-afternoon, but prices regained a chunk of their losses by the close yesterday. TheReuter - 583 words
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Article, Illustration461 1990-01-06 10 Sydney Reuter AUSTRALIAN stocks yesterday closed firmer for the fourth time this week as the market's bullish tone continued. The All Ordinaries Index finished 5.3 points up at 1,710.8. after a late buying surge pushed it to its high for the day. Brokers said the current moodReuter - 461 words
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Article160 1990-01-06 10 Reuter MANILA share prices closed mixed to higher in moderate trade yesterday as investor interest continued to shift to oil stocks. The Manila Stock Exchange Composite Index rose 4.86 points to close at 1.124.19. The combined volume at the two bourses fell to 1.82 billion sharesReuter - 160 words
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Article130 1990-01-06 10 Reuter NEW ZEALAND shares closed lower for the second consecutive day yesterday on light volume on what brokers said was a continued correction to Wednesday's 77-point rise. The Barclays Index fell 19.14 points to 2,043.28 on turnover of 5.44 million shares, worth NZ510.44 million. Although stocksReuter - 130 words
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Article368 1990-01-06 10 Reuter THE TAIWAN stock index rose slightly with a generally optimistic market pulled down by losses in the heavily-weighted financial sector, dealers said. The weighted index roee 9.27 points (0.09 per cent) to end at 9,862.42 against Thursday's 9.853.15 finish, although gainers led losers by almostReuter - 368 words
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Article171 1990-01-06 10 Reuter SEOUL stocks fell in active trading yesterday as private investors took profits from hefty gains made in the previous session, brokers said. The composite index cloeed at 915.11, shedding 13.71 points from Thursday's close. Turnover was 476.3 billion won compared with 406.1 billion in theReuter - 171 words
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Article267 1990-01-06 10 Reuter SHARE prices on the Thai stock market rose across the board yesterday in a record turnover with many securities companies hitting the 10 per cent limit high on expected excellent earnings, brokers said. The SET Index gained 16.60 points to finish at a record 918.67 withReuter - 267 words
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Article206 1990-01-06 10 Reuter BOMBAY share price# rallied strongly despite higher contango (carryforward) charges fixed for new account trading yesterday, brokers said. They said heavy speculative buying overshadowed a hike in contango charges to 24 per cent from 15 per cent previously. "A move by leading companies to split theirReuter - 206 words
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Page 10 Advertisements
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Advertisement392 1990-01-06 10 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 HERN SING INDUSTRIES (STORE) PTE. LTD. (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of HERN SING INDUSTRIES (S'PORE) PTE. LTD. duly convened and held at 248 C Elias Road, Singapore 1851 on the 31 day of392 words
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Advertisement21 1990-01-06 10 ZONAL ADVERTISING allows you to select your preferred advertising market. Call Wati on 730-5967 for details section mo, n* snum rms21 words
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Advertisement6 1990-01-06 10 Seoul share prices were not available6 words
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WORLD MARKETS
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Article1968 1990-01-06 11 Reuter AMSTERDAM: Dutch share prices lost all of they;, slight early morning gains yesterday as they fell t£ below Wednesday s closing levels at mid-session. .7,-*. Dealers failed to give a clear reason for the lossep although some of them pointed to Thursday's consol*/ dation on theReuter - 1,968 words
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279 1990-01-06 11 FT MR ROBERT CAMPEAU'S grip on his real estate and property empire has been further loosened with an announcement that a Canadian bank has seized a large portion of his shares in his family company. Campeau Corp. National Bank of Canada (NBC) said it hadFT - 279 words
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Article, Illustration704 1990-01-06 11 Losses in first half of 1990 likely to be massive Reuter "FASTEN YOUR seat belts; it's i going to be a bumpy night." i That Bette Davis remark ex- 1 actly (its Wall Street's view of the US airline industry in 1990. whenReuter - 704 words
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255 1990-01-06 11 US CORPORATE Raider T Boone Pickens has lashed out at Japanese business practices, accusing companies there of cheating and performing like cartels that "breed corruption and economic slavery." "Many Japanese companies are playing with a stacked deck are operated like cartels that freeze255 words
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Article, Illustration915 1990-01-06 11 New York Reuter A PLUNGE in the dollar, profit-taking and sell programs knocked US blue chips below the key 2,800 level on Thursday, but share prices managed to recoup about half their losses by the end of the day. The Dow Jones Industrial Average fluctuatedReuter - 915 words
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Article, Illustration958 1990-01-06 11 London Reuter SHARE PRICES on the London market opened lower in light trading yesterday after Wall Street fell nearly 14 points and the Tokyo market lost 1.13 per cent. Dealers saw some light profit-taking initially but it dried up as selective buying interest returned nearReuter - 958 words
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Page 11 Advertisements
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Advertisement17 1990-01-06 11 Stockholm prices were not available SUCCESSFUL MANAGEMENT Jorm/ BUSINESS IN THE MARKET Every Thursday ADVERTISING MARKETING In17 words
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683 1990-01-06 12 INFLOW OF FOREIGN FUNDS ALSO AT RECORD HIGH AFP TAIWANESE investment abroad in calendar 1989 hit a record US$93l million, up from US$2l9 million in 1988, the previous high, the Investment Commission said in Taipei. In another record, foreign investment in Taiwan hitAFP - 683 words
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242 1990-01-06 12 A SENIOR US official on Thursday questioned whether China's leaders could convince the world that they were still reform-mind-ed and said that the resolution of dissident Fang Lizhi's case alone would not mend damaged ties between Beijing and Washington.242 words
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151 1990-01-06 12 Reuter ALAN BONO fought off an attempt to put his tottering brewing and media empire into liquidation yesterday, but now faces new demands from US creditors to repay US$5lO million immediately. Their pressure brings Bond's flagship, Bond Corp Holdings, one step closer to sufferingReuter - 151 words
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383 1990-01-06 12 Reuter THE HEAD of China's State Planning Commission plans to visit Japan, the Chinese embassy in Tokyo said yesterday, marking another step towards normalisation of Beijing's ties with the West. An embassy spokesman said that Mr Zou Jiahua would make an official visit toReuter - 383 words
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220 1990-01-06 12 Reuter CHINA'S government spokesman has lectured the banished freshman class of Beijing University, telling them that the Communist Party is "great, glorious and correct" in spite of the retreat of the ideology in Eastern Europe. The talk was a sequel to spokesman Yuan Mu'sReuter - 220 words
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Article, Illustration340 1990-01-06 12 AFP MALAYSIAN and Japanese officials will hold talks in Kuala Lumpur later this month to study propositions by Malaysia for yen-loan financing, Malaysian and Japanese officials said yesterday. They said that Overseas Economic Cooperation Fund officials would arrive in Kuala Lumpur on Jan 27AFP - 340 words
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348 1990-01-06 12 Reuter PRESIDENT Roh Tae-woo began a major shake-up of South Korea's ruling camp yesterday in the face of vociferous calls to reform the country's four-party system. A presidential spokesman said that Mr Roh had named steel tycoon Park Tae-chun to beReuter - 348 words
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553 1990-01-06 12 AP SOVIET President Mikhail Gorbachev has cancelled meetings with foreign officials so that he can deal with domestic unrest as Azerbaijani demonstrators tried to force open the border with Iran and Lithuanians pressed for independence, sources in Moscow said yesterday. The Azerbaijani demonstrators beganAP - 553 words
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Article72 1990-01-06 12 Reuter COMEX gold futures gained on nervous buying early yesterday morning on news that Soviet leader Mikhail Gorbachev has postponed meetings with foreign politicians this month. In moderate trading, the February gold contract rose US$3.9O to U*****.70 an ounce, a new recovery high since dropping on Wednesday toReuter - 72 words
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LATE FILE
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Article55 1990-01-06 12 Reuter MORE than 1,000 foreign firms have created formal joint ventures with Soviet partners but many of the enterprises have failed to start up and some have gone bankrupt. Tass said yesterday that the Finance Ministry had registered 1.284 joint ventures, with a total charter capital ofReuter - 55 words
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Article38 1990-01-06 12 AFP AN INCREASE in Japanese automakers' production in Europe over the next 10 years could mean the end of one of Western Europe's six major auto firms, Peugeot group president Jacques Calvet said. AFPAFP - 38 words
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Article36 1990-01-06 12 AFP VIETNAM yesterday denied foreign news reports that Communist Party secretarygeneral Nguyen Van Linh would resign following an extraordinary party congresa later this month. The Vietnam News Agency called the reports "unfounded rumours".AFP - 36 words
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Article29 1990-01-06 12 Reuter IRAQI President Saddam Hussein yesterday put forward proposals which he said would open the door to an honourable peace settlement with Iran. ReuterReuter - 29 words
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46 1990-01-06 12 Reuter A DEFIANT Manuel Noriega, dressed in his general's uniform, has refused to recognise the right of a US court to try him on drug trafficking charges. His lawyers argued that he was a political prisoner who had been "captured illegally". ReuterReuter - 46 words
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Article29 1990-01-06 12 AFP FIVE trekkers, including three Singaporeans, reported missing 12 days ago have been found by loggers near a palm oil estate in Kota Tinggi, Johore. AFPAFP - 29 words
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Page 12 Advertisements
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Advertisement69 1990-01-06 12 BARE BOAT CHARTER/ PURCHASE 18 MONTHS BRIEF SPECIFICATION REQUIREMENT: Length: 30 mtr Loaded Draft: Less than 4 mtr Clear Deck 100 sq mtr Space: Speed: Cruising 10 Knots Survey 2-5 Knots Propulsion: Twin Screw Engines: 1000 bhp-f-Bow Thruster: 1.5 ton Accommodation: Total 18 incl Crew PLEASE CONTACT IMMEDIATELY BY FAX:69 words
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Advertisement147 1990-01-06 12 The silver report was not available at press-time. Seoul's oirimM Investment sow, PAGE 3 lS THE AEROSPACE BUCK y It pays to advertise in Business Times' r\ ASIAN k AER t SRACE 90 supplement ®y the official business daily of the air show. 7 As in past years, Business Times147 words
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Executive Lifestyle
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Article, Illustration656 1990-01-06 13 JOHN TAN - Brushing off the tinsel from his pants after his sojourn in Hongkong's racy Club Volvo, JOHN TAN packs his dark glasses and G-string to head for Brazil, the final stop in his quest for exotic entertainment and bodily sights. Here, he drags himself out of his sun-spotted656 words
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Article200 1990-01-06 13 HUMAN PSYCHOLOGY is both difficult to understand and. at times, funny. Under the "Psychology" section of one bookshop, Zephyr noticed two books of the same title, by the same author, placed side by side. But the covers were different because one was published in the UK200 words
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Article, Illustration889 1990-01-06 13 NEVILLE STACK - MPs face the camera and spring a few surprises JL&tter from JLartcCort By NEVILLE STACK TO JUDGE by the fuss that Members of the Parliament greeted the prospect of their proceedings being televised, anyone would think they had something to hide. Unlike the Singapore MPs, who consider the deliberations of889 words
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Commentary
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Article, Illustration1267 1990-01-06 14 ASAD LATIF - ASAD LATIF The writer is Business Times' Foreign Editor. IT WAS INTERESTING to watch Russell Heng transpose Francis Fukuyama's idea of the end of history and the emergence of the universal homogenous state to the "eternal PAP state" (The Sunday Times, Dec 17).1,267 words
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Article, Illustration1097 1990-01-06 14 NEVILLE STACK - NEVILLE STACK The writer was editor of the Leicester Mercury, a big British daily paper. Until recently, he was an editorial consultant to The Straits Times He is now a writer, consultant and political commentator in England IT WOULD BE NICE to think the cataclysmic1,097 words
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Article1105 1990-01-06 14 Peter Au-Yang - letter to the Editor Peter Au-Yang Dear Sir, BEING A HONGKONGER who has just started working in Singapore and hence contributing to the Central Provident Fund. I read with interest Ahrln Tay's article entitled "How to maximise your tax benefits under the new CPF ruling"1,105 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration1199 1990-01-06 15 From PAGE One ends, it is filled with volley ball playing groups just when you thought that Brazilians eat, sleep and dream football. The further you move away from Copacabana, the lovelier the beaches and the less commercialised they are. Move southwards and you will hit Barra1,199 words
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Article, Illustration677 1990-01-06 15 SYBIL HOLLOWAY - BRIDGE By SYBIL HOLLOWAY JEREMY FLINT, one of the best British players for more than 30 years, and bridge correspondent of The Times for over 10 years, died on Nov 15, 1989, aged 61. The I BP A reports: From his first international appearance677 words
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SHORT TAKES
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Article143 1990-01-06 15 THE LAST TIME the Stage Club's Alan Austin wrote a play, it was called Percival and had something to do with dramatising the fall of Singapore to the Japanese during WWII. The largely expatriate audience seemed to like it, although others swore (when rudely awakened during143 words
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Article, Illustration114 1990-01-06 15 ANO SO continues the debate about individuality as opposed to bad taste. Like the clear plastic ornamental ties that department stores have brought in to convince men that plastic is classier than an Armani. Apparently the latest fad in the US, these plastic neck ornaments come114 words
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Article262 1990-01-06 15 GETTING TO Brazil can be expensive. The local office of the Brazilian carrier Variq quoted a whopping US$l,l9O for a round trip economy ticket from Los Angeles to Rio. And that excludes accommodation and transfer. Not to mention the ticket to the US. Most would use the US262 words
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Article, Illustration780 1990-01-06 16 N K Yong - By N K Yong HUGH JOHNSON, the English wine writer, is credited with the quotation: "Life is too short to drink bad wine." How true, and one could add: "Life is too short to drink all the greatest wines"; but one tries one's best! Just780 words
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Article, Illustration1013 1990-01-06 17 RICHARD SEAH - HEALTH By RICHARD SEAH PLANNING AHEAD and reflecting on the past are quite normal things to do, especially at the start of a new year. The trouble is, many people do it all the time. They constantly dwell on the past, or1,013 words
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Article570 1990-01-06 17 QUEK SWEE PENG - FOOD By QUEK SWEE PENG THE CHOPSTICK CROWD share many feathered friends. One dear to most but somehow, frequently forgotten, is Goosey. Unlike her cousins the chicken, pigeon and duck Goosey does not figure prominently on the menu. Nothing really imaginative. Nothing really innovative. The gourmet's Goosey570 words
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Article, Illustration931 1990-01-06 17 ROSNAH AMIR - Compiled by ROSNAH AMIR STAGE PERFORMANCES: Stare In Concert Long Piao Piao and Xie Cai Yun from Taiwan as well as Luo Ping, Kang Qiao and Wang Wei Sheng from Malaysia perform tonight at the Musical Fountain, Sentosa, from Bpm to 9.30pm. Also performing are 20 children from the931 words
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Article, Illustration512 1990-01-06 19 SAMUEL EE - CINEMA By SAMUEL EE HAVE YOU EVER noticed how Rover always seems to pull harder in the opposite direction whenever you tug your end of the leash? Okay, so maybe your hound's been to nursery school. But mine sure hasn't. Apparently, that's the sort of cheap512 words
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Article, Illustration611 1990-01-06 19 JAIME LYE - By JAIME LYE A DRY WHITE SEASON is a movie about apartheid that is not based on a true story, unlike Cry Freedom or the anti-Ku Klux Klan Mississippi Burning. It s fiction based on foul reality that's no less emotional but somehow,611 words
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Article, Illustration395 1990-01-06 19 IF YOU CAN'T keep a good man down, imagine what it would be like with a dead man. Insurance agents Larry (Andrew McCarthy) and Richard (Jonathan Silverman) not only can't keep their dead boss down, they can't keep him dry, sandfree or from395 words
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Article, Illustration1196 1990-01-06 19 Roger Loh - Gr v Roger Loh 808 DYLAN: Oh Mercy (CBS) Trying to figure out Bob Dylan is a prolific endeavour. The easy excuse would be to say his works in the '80s have been inconsistent. The real challenge lies in defining what's merely good and1,196 words
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Article, Illustration695 1990-01-06 24 Hklung Belang, Today, 3.00pm, SBC 5 Two old men and a young girl make up this Indonesian comedy about misunderstood intentions. The girl meets a father of a friend who is really kind and generous. She, however, mistakes his intentions as lustful, and seeks the advice of695 words
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Article, Illustration769 1990-01-06 24 A SURENDREN - INTERVIEW By A SURENDREN "HOW OLD WERE you when you lost your virginity?" That shocker was shot at Apollonia two months ago in Florida. Said the sultry siren: "There was this interviewer who looked so much like my grandmother who is Spanish too, and I769 words
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Article, Illustration247 1990-01-06 24 Muki: A Forest la Boraeo, Today, 6.35pm, SBC 5 While most of Borneo's rainforest has been devastated by logging operstions. one forest in the Malaysian state of Sarawak has remained relatively unscathed. In Mulu, gibbons, giant hornbills, turtles and the rare sun bear, to name but a few,247 words
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Executive Lifestyle: Entertainments, the Arts & Pursuits
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Article, Illustration742 1990-01-06 18 SUZANNE SOH - NIGHTSPOTS By SUZANNE SOH HARD ROCK CAFE which put the "rock" in rock n roll is all set to make waves in the local entertainment scene, and especially to put a big dent in the side of reigning hotspot, Brannigans. So says its742 words
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Article, Illustration597 1990-01-06 18 A SURENDREN - PERSONALITIES By A SURENDREN A WHITE HOT start it what up and coming pop star Karyn Whita has, graduating from session singing and backups to launching her debut album. And not unlike Apollonia. another visiting star. Karyn's first album is597 words
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Article, Illustration264 1990-01-06 18 SAMUEL EE - WATERING HOLES By SAMUEL EE THE ARCHITECTS of the Canopy Bar at the Hyatt Hotel might not know it but I was once deeply embarrassed, not to mention severely traumatised, because of their new watering hole; I walked straight into one of those white wooden hoardings264 words
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Executive Lifestyle: Sports
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Article430 1990-01-06 20 CHARLES SAVAGE - MANAGEMENTS TO SPEND $20m-s3om ON EXPANSION By CHARLES SAVAGE COUNTRY CLUB fever and rising expectations of existing members are pushing club managements to spend between $20 million and $30 million to expand and upgrade their facilities. The biggest upgrading job, worth about $15 million, is being430 words
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326 1990-01-06 20 BASKETBALL AP CHARLES OAKLEY, returning after a three-game absence, sparked an 18-5 run in the fourth quarter that led the New York Knicks to a 100-95 victory on Thursday night over the Atlanta Hawks. The victory was the Knicks' 10th in 11 gamesAP - 326 words
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271 1990-01-06 20 BOXING AP AFP HEAVYWEIGHT CHAMPION Mike Tyson and super-middleweight title-holder Sugar Ray Leonard were named on Thursday as the World Boxing Council's most outstanding fighters of the 1980s in Mexico City. In New York, however, Tyson admitted having a drink problem whichAP; AFP - 271 words
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Article, Illustration614 1990-01-06 20 GOLF AP GREG NORMAN led the way in an Australian domination of first-round play on Thursday in golf's Tournament of Champions, the first event of the PGA Tour's 1990 season, in California. Norman battled back from a second-hole double bogey and compiled a 6-under-par 66 thatAP - 614 words
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Article204 1990-01-06 20 RALLY AFP ARI VATANEN of Finland, last year's winner, pulled a further 30 seconds clear of the field in the Paris-Dakar rally when he won the 647-km seventh stage from N'Gourti to N'Djamena in Chad on Thursday. The flying Finn, who has dominated theAFP - 204 words
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Article, Illustration344 1990-01-06 20 ATHLETICS AP BRITISH OLYMPIC gold medallist Sebastian Coe began his preparations for the upcoming Commonwealth Games with an effortless victory in an international 1000-metre race in Hobart on Thursday night. Coe, who holds world records in the 800 metres and 1,000 metres, wonAP - 344 words
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Article, Illustration285 1990-01-06 20 TENNIS AFP DEFENDING CHAMPION Helena Sukova and second seed Jana Novotna crashed out of the Australian Hardcourt Championships in Brisbane yesterday to end Czechoslovakia's challenge in the A 5190,000 event. Sixth seed Natalia Zvereva of the Soviet Union beat top seedAFP - 285 words
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Article431 1990-01-06 20 SNOOKER AFP GROGGY Stephen Hendry went off to bed after a shock 5-2 defeat by New Zealand's Dene O'Kane in the 300,000 Mercantile Credit Classic in Blackpool on Thursday. The Scot, whose plans to celebrate his 21st birthday on the day of the final are nowAFP - 431 words
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Article, Illustration484 1990-01-06 20 AP AUSTRALIAN Jeff Harding will be a man with a mission when he defends his World Boxing Council light-heavyweight title on Feb 25 against Nestor Giovannini of Argentina in Atlantic City. Harding, who boasts a 18-0 record, is a virtual unknown in the USAP - 484 words
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Executive Jobs
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Article, Illustration835 1990-01-06 21 ANNA TEO - the big I MOKE By ANNA TEO FORTY-FIVE is one of those nice round numbers that emerge as points in time for personally momentous acts, like planting a marker, like marking a milestone. So when he turned 45835 words
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Article, Illustration525 1990-01-06 21 DEXTER LEE - INTERVIEW WITH LOCAL HEAD OF CIBC by DEXTER LEE A POLICY which he did not see eye-to-eye with was what led Ng Teck Lea to join Canadian Imperial Bank of Commerce's operations here more than three years ago. Mr Ng left his position as assistant vice-president525 words
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Article, Illustration1022 1990-01-06 21 DAVID MARCHINGTON - Tempted to accept that promotion? Think again. It may cost you dear in the long-term. On the other hand, a lateral move may lead on to bigger things, reports DAVID MARCHINGTON DAVID MARCHINGTON Mr Marchington is the1,022 words
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Executive Lifestyle: Investment and Finance
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Article, Illustration681 1990-01-06 22 ALVIN TAY - PERSONAL FINANCE By ALVIN TAY THIS WEEK'S re-opening of schools for a new semester may have evoked a thought among parents how to plan for their children's future education. On the other hand, recent official data showing a baby stock of681 words
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Article, Illustration701 1990-01-06 22 US STOCK MARKET NYT SPECULATIVE FERVOUR about possible growth In overseas companies helped make several "country funds" the biggest winners on the New York Stock Exchange in 1989 That was a change from recent years, in which stocks of companies involvedNYT; PUNCH - 701 words
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Article, Illustration371 1990-01-06 22 ART MARKET Sottfby'B R»—arch Department FIGURES released by Sotheby's and Christie's covering the autumn period (September to December) reveal combined worldwide net sales of U552,573 billion. This represents a 62 per cent increase over the U551,592 billion reported during the same period in the previousSottfby'B R»—arch Department - 371 words
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Don't quote me...
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Article89 1990-01-06 23 KUALA LUMPUR-BASED stockbroking firm Rashid Hussain was suspended from trading on the KLSE yesterday. The day before Rashid Hussain (the man himself) was married to one of Robert Kuok's daughters. Was there a link between the two events? Of course not. But to hear it89 words
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Article154 1990-01-06 23 HERE ARE a few quotes from the Financial Times' Business Quotes of the Year* that are worth repeating: "Good bankers, like good tea, can only be appreciated when they are in hot water." Jaffar Hussein, governor of Bank Negara Malaysia; "It's not asset stripping... I154 words
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Article176 1990-01-06 23 QUOTE of the week goes to Paul Volcker, former chairman of the US Federal Reserve and the most famous cigar smoker after Groucho Marx. Asked by Institutional Investor why he stopped smoking, Volcker said it had finally got to him that it was an anti-social176 words
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Article, Illustration1499 1990-01-06 23 LIM MUI KHI - mm By LIM MUI KHI WHEN Hongkong-based shipping firm IMC Holdings received the go-ahead to list in Singapore, many thought it would end up a dead counter. After all, the handful of foreign listings have in the past attracted scant attention. Instead. IMC created1,499 words
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Article, Illustration694 1990-01-06 23 Charles Chow - CHARTPOINT by Charles Chow THE Singapore market can be described as a late bloomer. But better late than never. When the US bull market started in 1982 and the OECD countries began their uninterrupted economic growth in the Eighties, Singapore and Malaysia experienced their "loneliest" recessions694 words
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Article, Illustration790 1990-01-06 23 LI HIAW HO - Tips for those planning to invest in properties in Johor Baru and Batam PROPERTY PROSPECTS By LI HIAW HO Mr Li Hiaw Ho is director valuations, Richard Ellis Pte Ltd PEOPLE interested in buying residential properties are becoming more adventurous in their investments. They are more willing790 words
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Page 13 Advertisements
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Advertisement144 1990-01-06 13 NEED A J CAR LOAN? ag* Call USA from any phone, any day, anytime at 222 5544 or 222 8844— 1 HONG LEONG SINGAPORE j FINANCE LIMITED FINANCE LIMITED! "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE144 words
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Page 15 Miscellaneous
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Miscellaneous895 1990-01-06 15 CRYPTIC PUZZLE 24 Animal gyrations are 22. Saline. 23. 25. If] I p~~] F~ ACROSS too much for him (4) Plush 26. Dove 28 Bob LhJ Bp 25 Abrade with difficul- Yesterday's I 1 I llt may be delivered ty? (6) ««iution *1 HflBH Wk right in the wrong 26895 words
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Page 16 Advertisements
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Advertisement311 1990-01-06 16 Where to entertain... Where to entertain... Where to entertain... Where to I Some like it hot. I l| Spicy Szechuan dishes served at lunch and |i dinner daily in the cool, inviting atmosphere of I Reservations, *****10 or *****85 ext *****/6. I The Wistin PiA2A II iot mga I WESTIN311 words
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Advertisement124 1990-01-06 16 Simmering, Steamboat Buffet i AT MING PALACE 7pm 10.30pm Select from: Fresh Big Sea Water Prawns Garoupa Meat Fish Balls Beef I Chicken Cuttlfish Crab Liver variety of vegetables variety of nixxJles ssis++ tioU per adult fumo <"v«jkt motel Sslo++ per child ||E3|| 1 Tanglin Road under 12 ISjiL Singapore124 words
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Advertisement173 1990-01-06 16 nuimees iieah S s«atood i»«i aw »ni M TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNCH? CALIFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOO EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES BRUNCH AT NUTMEGS IS AN173 words
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Advertisement251 1990-01-06 16 y Theatre Restaurant Adult: $16.50 Child under 12: $10.00 Plaza Hotel SIHGAPUHt A*»*liCOlOOWru*.»lß*«t»hO Beach Road Smgapoct 0719 W *****11 PdnomountHotct J Drientar\ jf 'Buffet Jan 2 Feb 10 I "5 Lunch Dinner <2ft3 (11 30am to 2 00pm) (6 30pm 1o 10.00pm) I Adult $18.00~ W' $12^2 nentai specialities at251 words
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Advertisement254 1990-01-06 16 I To those who've yet to discover the true flavour of Hungarian Cuisine I Unravel the delights of Hortobagyi Husos I Palacsinta, Esterhazy Rostelyos and over 60 I Hungarian favourites. Hungary, anyone? I HUNGARIAN BUFFET LUNCH I 2 31 January "90 I noon 2.30pm I Adult: $36+ child below 10:254 words
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Page 17 Advertisements
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Advertisement147 1990-01-06 17 Eveky Sunday There's A Family Feast In The Park. At the Hubert us Grill, Sunday brunch is a great outing for the family. A glorious buffet spread is laid out for botb grown ups and children. And to make sure the kids are truly entertained, there 's an exciting Mattel147 words
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Advertisement229 1990-01-06 17 PRINCESS Great Meals in an Intimate Setting For a delightful but informal meal, come to our 24-hour coffee house. Savour Penang's best Ch&o Gu6 Tlao and Fu Jiin Mian; Porridge, Hainanese Chicken Rice and more! An ideal rendezvous for meeting friends relax and enjoy a choice of Continental, local and229 words
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Page 18 Miscellaneous
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Miscellaneous78 1990-01-06 18 RESULTS of BT's Christmas Crossword Contest A Big Thank You to all readers and crossword lovers who took part in our jumbo puzzle. Congratulations to the four winners: Mrs S A Galagher MrLeeYltßeng Mr Woo Chin Hoon CFLee 6W Gallop Road 204 Loyang Ave Blk 111 Clementi St 13 198878 words
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Page 21 Advertisements
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Advertisement435 1990-01-06 21 gagxpQJß-aa aca^aGaßaa §|m» JIHII m I VK in w jgfMM i Hk ■fc pp w 4 Mr Ong deputy MD of Mr Danlalsson president Ms Moor* director ol opSembawang Maritime of Volvo Car Aala oration#, World Access (Asia) SEMBAWANG Maritime Ltd, a Sweden. Mr Danielsson was Le Meridien Singapore Changi435 words
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Advertisement306 1990-01-06 21 THE MM GETS BETTER WITH WS BEHIND IT! To Unix professionals, Informix has become synonymous with high power for relational databases. Now, Informix Software has set up its Asia-Pacific Headquarters in Singapore to provide better support to its distributors, resellers and customers in this region. YOU can be part of306 words
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Page 21 Miscellaneous
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Miscellaneous26 1990-01-06 21 (PftSsujoßD^lP l apiG.oeoNivie (corne \n friend) i yICM£S'IIF.C "caKY ju^n CH»HK! CH»NK! /f=\ |M*eßp>Rchv I P»DDL£. 7~y,} i>p On p.. M^lis FVCMMO tTANOAMO CO. LTD., IMf-1«W26 words
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Page 22 Advertisements
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Advertisement767 1990-01-06 22 TAKE WIN home w one or more of FREE GIFTS 3,575 items £Ts* FREE GIFTS ITEMS 1 Qur Lucky Draw «I Ann t n nnn Pocket Light/Stereo Headphone/Audio (Iff SI.OUO $2,000 Cleaning Tapes |2 pel Ciw Prize: Complete Range of Philips Products for the Living Room Tli "y" 33" Colour767 words
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Page 23 Advertisements
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Advertisement47 1990-01-06 23 FOUR CONTAINERS LOAD OF GENUINE QING-DYNASTY ANTIQUE FURNITURE HAVE JUST ARRIVED. AVAILABLE ARE SOME VERY FINE AND RARE PIECES OF GREAT BEAUTY INVESTMENT VALUE. FOR TRADE PUBLIC VIEWING AT: ID] MING CHING ANTIQUE HOUSE No. 5 Tank Road S pore 0923 (Junction of River Valley Tank Roads)47 words
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Page 24 Advertisements
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Advertisement6 1990-01-06 24 Interview with Karyn White, PAGE Six6 words
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Page 24 Miscellaneous
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Miscellaneous2191 1990-01-06 24 C ATI ID Pi A V HMHHHHLfHHHHI 830 Th p rf *ct Mak* OA i UKUAT SBC 12 Saturday Night Movie v Sword and Dragon All Me (See The Sabre. JPP* 1110 Inochi (Ep 31. r). AM The Foundation 11.55 Ctoaa. rn/ n DTU followed by Bodywatch SBC O ~KI2,191 words
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