The Business Times, 14 April 1990

Microfilm: NL16971
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 170/12/89 Weekend April 14-15 1990 75 c
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  • NEWS & MARKETS SUMMARY
    • Article
      'Deceptive drama'
      31 1 NORTH KOREA yesterday denounced a three-stage proposal for the pullout of US troops from South Korea as "nothing but a deceptive drama", the North Korean Central News Agency reported.
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    • Article
      New sub-station
      26 1 THE Johor State Economic Development Corporation industrial estate in Jalan Mersing, Kluang, is to be boosted with a new Ms2o million new sub-station soon.
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    • Article
      New party planned
      32 1 TWO prominent members of Taiwan's main opposition party who were elbowed out of power, plan to form a new party of their own, a Chinese-lan-guage evening newspaper reported yesterday.
      32 words
    • Article
      Japan lagging
      30 1 JAPAN lags behind other large industrialised countries in quality of housing, leisure time and cultural activities, according to a report released yesterday by the government Economic Planning Agency.
      30 words
    • Article
      Prima's $50m facility
      34 1 IN WHAT appears to be a paradox, cash-rich Prima Ltd has arranged to borrow up to $50 million at any one time via a dual currency note issuance facility Page 2
      34 words
    • Article
      HK developer in KL
      34 1 HONGKONG property group Cheuk Nang Properties (Holdings) Ltd headed by Mr Cecil Chao Sze-tung is developing a HK$2 billion hotel, office and luxury residential complex in Kuala Lumpur Page 2
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    • Article
      US accuses M'sia
      42 1 AN AMERICAN company, unhappy that the Malaysian government has imposed a 30 per cent tariff on its product from last year, has requested the United States Trade Representative to take action against Malaysia for "trade distorting" practices. Page 3
      42 words
    • Article
      STOCK INDICES
      26 1 Friday Change BT-MGA Closed Kuala Lumpur .2,912.87 +0.47 Hongkong Gosed Tokyo 29,213.92 -409.28 Sydney Closed Thursday Change New York 2,751.80 +22.07 London 2,222.1 +6.6
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    • Article
      COMMODITIES
      27 1 Rubber M'sia May 228.50«/kg +1.00 KL Tin Turnover 80 tonnes +4 Spot MS 17.21/kg -0.14 Crude palm oil futures Turnover 414 lots -470 May M$673/tonne -3
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    • Article
      Market holiday
      48 1 MARKETS in the following countries were closed yesterday for the Good Friday holiday: Singapore, Australia, Belgium, Denmark, Hongkong, India, Indonesia, Netherlands, New Zealand, Norway, Philippines, South Africa, Sweden, Switzerland, West Germany, UK, US and Luxembourg The markets in Thailand were also closed for a public holiday.
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  • Article
    Good times fading fast for Orchard Rd retailers
    397 1  -  By Suzanne Soh THE BOOM TIME might be over for branded goods and fashion retailers in Orchard Road. Squeezed by soaring rents, rising labour costs and increasing competition, many retailers are talking about a shakeout along Singapore's prime tourist stretch. Sale of
    397 words
  • Article
    Securities firms profits up as much as 400pc
    520 1  -  By Magdalene Ng THE SURGE in turnover on the Singapore stock market last year boosted the earnings of local bank-backed securities houses sky high. All five firms saw a leap in their after-tax promts by between 143 per cen and 400 per
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  • Article
    Opec confirms it may hold emergency talks on prices
    223 1 THE ALTERNATE president of the Organisation of Petroleum Exporting Countries (Opec), Mr Sadek Boussena, has confirmed that members have discussed the possibility of holding an emergency meeting to halt the slide in oil prices. Mr Boussena, who is also the Algerian
    223 words
  • Article
    Lock icon Soviets to settle payments to Japan
    161 1 AFP MOSCOW will settle delayed import payments to Japan worth US$lOO million by the end of the year, a Soviet source in Tokyo was quoted as saying by Japanese newspapers yesterday. The source acknowledged that the delayed payment of about US$lOO million could hurt
    AFP  -  161 words
  • Article
    Did you get your BT?
    48 1 IF YOU ARE a Business Times subscriber and did not receive the April 13 issue of BT, please call our Customer Services department on 740-1840. We arj monitoring the efficiency of our circulation and vendor services and would appreciate feedback from our readers.
    48 words
  • Article, Illustration
    Fear of war hits Bombay stocks
    325 1  -  By Harish Mehta THE FEAR of war between India and Pakistan gripped the Bombay Stock Exchange on Thursday with worried speculators selling shares and sharply depressing prices, while a New Delhi-based political analyst yesterday warned that the economies of both countries would be severely
    325 words
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Wing On 1989 profits up 41.5pc
        107 2 WING ON Co has reported a 41.5 per cent increase in profit to HK$ 192.2 million for the year ended Dec 31, 1989, according to the South China Morning Post. Shareholders received a total dividend of 40 HK cents a share, up from 22
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      • Article
        Fokker expected to treble gains
        79 2 DUTCH plane maker Fokker's 1989 net profits will be some 35 to 40 million guilders, around treble 1988's 13.3 million, and the company should post further rises in 1990, Dutch analysts forecast. The company is not expected to resume dividend payment until 1990, they added.
        79 words
      • Article
        Tuna firms to protect dolphins
        78 2 THE THREE largest sellers of canned tuna in the US announced on Thursday that they would stop buying tuna that is caught in nets that also trap and kill dolphins. Together, the three companies HJ Heinz Co, owner ot the Star-Kist brand, Van Camp Seafood
        78 words
      • Article
        Mitsubishi buys UK's Apricot
        66 2 MITSUBISHI Electric Corp has bought the hardware division of Apricot Computers pic of Britain in an attempt to establish a production base in the European Market prior to the 1992 market integration. Mitsubishi said on Wednesday that it paid £39 million for the computer company, to
        66 words
      • Article
        Toyota may sell GM's car
        83 2 TOYOTA Motor Corp may sell General Motor (GM) Corp's Saturn model passenger cars in Japan in a move aimed at helping to ease trade friction between Japan and the United States, a top company official disclosed on Wednesday. The car will be sold in the
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      • Article
        Samsung signs hotel accord
        61 2 SOUTH KOREA'S Samsung Co has signed an accord to expand a hotel in Moscow and jointly manage it with the Soviet Union, a company spokesman said. The spokesman said Samsung was expected to invest about US$2O million by end-1991 in renovating and expanding the Sports Hotel
        61 words
      • Article
        Kawasaki, McDonnell in deal
        59 2 KAWASAKI Heavy Industries Ltd will start building helicopter transmissions for McDonnell Douglas Corp in 1992, a company spokesman said. Kawasaki will spend two billion yen constructing production lines at its Akashi Factory to make 500 transmissions for MDX, McDonnell's new helicopter, between 1992 and 1998, he
        59 words
      • Article
        Go-ahead for Eastern trustee
        86 2 A US FEDERAL AGENCY that insures certain pension plans said it does not object to the appointment of a trustee to run Eastern Airlines as long as this will not break up the "controlled group" family of companies to which Eastern belongs. The agency, the Pension
        86 words
      • Article
        Plan to spin off NTT division
        46 2 JAPAN'S Ministry of Posts and Telecommunications plans to spin off Nippon Telegraph and Telephone Corp's mobile phone division into a wholly-owned subsidiary in 1992, a ministry official said. "That plan was included in government recommendations issued in end-March," he said.
        46 words
      • Article
        Alcan's earnings off 36pc
        49 2 ALCAN ALUMINUM Ltd, the world's largest producer of aluminum, said on Thursday that lower prices and reduced demand had contributed to a 36 per cent drop in first-quar-ter earnings. Alcan, based in Montreal, said its first-quarter earnings had fallen to US$l72 million from US$269 million.
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    • Article, Illustration
      Lock icon Murdoch looks at improving earnings
      512 2 AP MEDIA BARON Rupert Murdoch said on Thursday that his sights have shifted from making acquisitions to improving earnings at News Corp Ltd. The Australian-based News Corp secured its place over the past decade among the global communications powerhouses partly by buying a US movie
      AP  -  512 words
    • Article
      Cash-rich Prima obtains $50m issuance facility
      387 2  -  By Conrad Raj IN WHAT appears to be a paradox, cash-rich Prima Ltd has arranged to borrow up to $50 million at any one time via a dual currency note issuance facility. The money can be obtained in Singapore and/or US dollars and the
      387 words
    • Article, Illustration
      Lock icon IHD Holdings plans US$100m commercial development in KL
      542 2 MBT HONGKONG-BASED IHD Holdings, which is controlled by Malaysian businessman Ch'ng Poh, will soon add a new US$lOO million (M 5273 million) commercial development to the urban landscape of Kuala Lumpur. The integrated development will comprise a five-star hotel, office space and
      MBT  -  542 words
    • Article
      Lock icon New Toray plastic gets Boeing approval
      340 2 Reuter, Asahi US AIRCRAFT MAKER Boeing Co has approved a third-generation carbon fibre reinforced plastic made by Toray Industries Inc for use in its new B-777 jetliner, a Toray spokesman said. He described as speculative a report in Japan's financial daily Nihon Keizai Shimbun
      Reuter,; Asahi  -  340 words
    • Article
      HK property group in HK$2b KL project
      373 2 HONGKONG property group Cheuk Nang Properties (Holdings) Ltd headed by Mr Cecil Chao Sze-tung is developing a HK$2 billion hotel, office and luxury residential complex in Kuala Lumpur. According to a report in the South China Morning Post, (SCMP) the project will be
      373 words
    • Article, Illustration
      Lock icon Kerry Packer withdraws bid for Bond Media
      329 2 Reuter AUSTRALIAN millionaire Kerry Packer has withdrawn his bid for Bond Media Ltd, his takeover vehicle Television Corporation of Australia said. Bond Media, which is 51.6 per cent owned by Bond Corp Holdings Ltd, operates the Channel Nine national television network that Bond
      Reuter  -  329 words
    • Article
      Lock icon News Corp subsidiary selling Lippincott to reduce debt
      449 2 NYT HARPER COLLINS, publishing subsidiary of Rupert Murdoch's News Corp, announced on Thursday that it would sell its JB Lippincott unit as part of an effort to raise about US$5OO million to reduce Harper's debt. Analysts said Lippincott, a Philadelphia-based company that
      NYT  -  449 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Aussie official praises Malaysian immigrants
        98 3 MALAYSIAN immigranjs to Australia have been praised for their positive contribution to the overall development and social harmony of their adopted country. "Generally, Malaysian immigrants to our country have made excellent contribution to our economic development besides enriching the cultural aspect of our lives," John
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      • Article
        Help for the boat people
        111 3 AUSTRALIA will provide Asl.s million (US$l.l5 million) to improve conditions for Indochincse boat people arriving in Indonesia. According to Australian Foreign Minister Garcth Evans yesterday, a dramatic increase in the number of recent refugees is severely straining the Galang holding centre, the largest in Indonesia.
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      • Article
        NZ opposition ahead: poll
        120 3 NEW ZEALAND'S conservative opposition National Party has widened its lead over the Labour government to 27 points, according to an opinion poll released yesterday. Labour's support fell three points to 31 per cent compared with 58 per cent backing for National, according to the HeylenEyewitness poll.
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      • Article
        Razaleigh in high spirit
        74 3 The Spirit of 46's relationship with the Democratic Action Party is growing better for it to face the coming general election, its president. Tengku Razaleigh Hamzah, said. Spirit of 46, he added, also shares close relationships with parties of the Angkatan Perpaduan Ummah. Tengku Razaleigh, who
        74 words
      • Article
        Nepali king in key talks
        73 3 NEPAL'S King Birendra was holding key talks with Ganesh Man Singh, the top leader of the opposition Nepali Congress, a party source said yesterday. Mr Singh was expected to reiterate pro-democracy opposition demands that the unicameral National Panchayat, or parliament, be dissolved and a coalition
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    • Article
      Lock icon US firm accuses Malaysia of unfair trade practice
      411 3 Bernama AN AMERICAN company, unhappy that the Malaysian government has imposed a 30 per cent tariff on its product from last year, has requested the United States Trade Representative to take action against Malaysia for "trade distorting" practices. Oil-Dri Corporation of America,
      Bernama  -  411 words
    • Article
      Lock icon Bush officials 'still fighting Vietnam war'
      267 3 NYT STUBBORN US resistance is blocking multilateral efforts to restore Vietnam to solvency so it can borrow private capital to develop its economy along market lines. Some members in Congress accuse administration officials of still fighting the Vietnam war. "They are using our Vietnam
      NYT  -  267 words
    • Article, Illustration
      A shake for the south
      57 3 Malaysian Foreign Minister Abu Hassan (left) shaking hands with Indian Prime Minister Vishwana Pratap Singh. Mr Hassan is in India for a three-day official visit. Mr Singh has accepted Malaysian Prime Minister Datuk Seri Dr Mahathir Mohammad's invitation to visit Malaysia in June to attend
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    • Article
      Lock icon Exercise restraint, EC urges India and Pakistan
      262 3 Reuter THE European Community (EC) has urged India and Pakistan to show restraint in their growing dispute over Kashmir. "The 12 are gravely concerned at the deteriorating relations and the heightened state of tension between India and Pakistan. This situation poses a serious
      Reuter  -  262 words
  • SHIPS IN PORT
    • Article
      SINGAPORE
      2455 3 AT CONVENTIONAL WHARVES Vessel Voy No Berth Arrival Departure Keppel Wharves Ano<xn 9003 KI7 alongside 1404 0400 Koto Be'l'OO I/ 90 K33 a'ongs.de 1304 1500 Koto Ekiptet f 846 K32 olongvde 1/04 0600 Miko'Oi t©! 33f K29 alongside 1404 2300 S^MhOfl 21 22 CIO o'ongvde 1/04 1900 T*#hob«< 2
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  • THE WORLD
    • WORLD WATCH
      • Article
        Japanese businessmen want foreign labour
        169 4 JAPANESE business leaders yesterday said Japan should further open its labour market to foreigners to create job opportunities for developing nations as a form of international cooperation. The proposal was made in a report compiled by the Kansai Economic Federation (Kankeiren), a group of leading
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      • Article
        Intervention: to each its own
        168 4 JAPANESE Finance Minister Ryutaro Hashimoto said major nations are continuing to conduct various forms of intervention in exchange markets. "Each central bank adopts the best itiethod of intervention depending on market conditions," he told a news conference. This includes intervention by a single itation, coordinated
        168 words
      • Article
        Berlin seeks EC membership
        196 4 EAST GERMANY said it wants to negotiate its inclusion in the EC on its own behalf, even though it might be in agreement with West Germany, an official text said on Thursday. The East German government also said that it wanted to take part in European
        196 words
      • Article
        UK March inflation up sharply
        128 4 BRITAIN'S inflation rate, the Conservative government's main enemy in its battle to improve the economy, rose sharply to 8.1 per cent in March and economists said on Thursday future prospects looked bleak. The retail price index, Britain's main measure of inflation, rose to 8.1 per
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      • Article
        Laboured policies favoured
        105 4 A SLIGHT majority of British analysts polled by the weekly magazine The Economist think a Labour government's economic policies would be good for Britain, the magazine said on Thursday. Fifty-one per cent of the 77 City and academic economists who responded to the poll said the arrival
        105 words
    • Article
      Lock icon Trade pact with Tokyo is part of big picture, says Bush
      190 4 Reuter PRESIDENT George Bush said on Thursday that an interim agreement between the United States and Japan on tiade and economic reform was not a short-term solution to America's trade woes, but part of a big picture. "I can't
      Reuter  -  190 words
    • Article
      Lock icon Premature to expand Gatt, says US
      165 4 Reuter AMERICAN Trade Representative Car la Hills said on Thursday the time was not right to convert the trading group General Agreement on Tariffs and Trade into a ful-ly-fledged global institution to be called the World Trade Organisation. The suggestion was made by Canada's
      Reuter  -  165 words
    • Article, Illustration
      Lock icon A Reagan wish come true
      133 4 AFP FORMER American president Ronald Reagan, who once challenged Soviet leader Mikhail Gorbachev to dismantle the Berlin Wall, unveiled a three-ton section of that East-West barrier in Simi Valley, California on Thursday. Mr Reagan offi- cially accepted a chunk of the wall at the Ronald
      AFP  -  133 words
    • Article
      Lock icon Big Soviet privatisation plan mooted
      548 4 AP, Reuter A TOP SOVIET legislator said on Thursday that up to 70 per cent of the Soviet Union's state-run economy could be turned over to private hands in reforms likely to begin next year. But Pavel Bunich, deputy chairman of a Supreme Soviet committee
      AP,; Reuter  -  548 words
    • Article, Illustration
      Soldiers march, soldiers see
      29 4 Chinese soldiers watching their comrades march in training in the Forbidden City in Beijing on Thursday. Military exercises have lately become a local tourist attraction.
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    • Article
      Lock icon Growing opposition to Soviet reforms: CIA
      377 4 Reuter THE Soviet Union faces a deep, prolonged crisis that includes growing opposition from its military to the reform policies of President Mikhail Gorbachev, CIA director William Webster said on Thursday. Mr Webster also said that in the long run Gorbachev's concern over Lithuania's
      Reuter  -  377 words
    • Article
      Lock icon Study puts US$72b price on trade distortions
      113 4 Reuter FARM SUBSIDIES and import barriers cost the world's richest nations US$72 billion a year in lost income, according to a study by the Organisation for Economic Cooperation and Development. Agricultural policies waste resources by over-stimulating output in farming and foodprocessing and pushing
      Reuter  -  113 words
    • Article
      Lock icon Baltic states plan common market
      313 4 Reuter ESTONIA, Latvia and Lithuania have drawn up an ambitious programme to set up a Baltic common market, pledging to work together to abandon 50 years of enforced central planning. The move coincided with a stern warning by Soviet leader Mikhail Gorbachev to the United
      Reuter  -  313 words
    • Article
      Lock icon US hopes Czech trade accord will show the way
      398 4 Reuter AMERICAN Trade Representative Carla Hills said on Thursday she hoped a new trade agreement reached with Czechoslovakia would be the first of many commercial agreements to help the economies of the new democracies of Eastern Europe. She made the remarks
      Reuter  -  398 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close steady in cautious trading
      3718 5 MBT, Bernama SHARE PRICES in Kuala Lumpur closed steady on late bargain-hunting yesterday after fluctuating narrowly in thin, cautious trading. The KLSE Composite Index, which fell to a day's low of 554.33 in the morning, finished 1.49 points higher at 556.82 while the 30-share
      MBT,; Bernama  -  3,718 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      261 5 SINGAPORE BUSINESS presents Nature Life Explorer A HOLIDAY ON WHEELS awaits. Five days of healthy fun in the great outdoors of the East Coast of Malaysia from the 26th April to 30th April '90. All details will be handled by us so your getaway will This DRIVEAWAY HOLIDAY is not
      261 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      79 6 TODAY PHILIPS SINGAPORE PRESENTS ITS Today, in a crescendo of sound and vision, Philips Singapore comprising 24 high resolution monitors, the Vidiwall is uniquely constantly forging ahead wil launches its bold new image for the future. The Philips Vidiwall at versatile, capable of multiple images plus a host of special
      79 words
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      Page 7 Advertisements Column 1
      86 7 NGAPORE PRESENTS ITS VISION OF THE FUTURE. i t »olution monitors, the Vidiwall is uniquely constantly forging ahead with new products and new technologies, it in Changi's departure lounge. So that now it's even easier to see ultiple images plus a host of special effects. It's also a tribute to
      86 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares lose ground on index-linked selling
      2267 8 Reuter LIGHT index-linked selling and position adjustments by brokers yesterday before the weekend left share prices broadly weaker at the close but well off mid-afternoon lows. Sparse volume exaggerated the effects of the selling. Many blue chips and pharmaceutical issues skidded. "The market fell
      Reuter  -  2,267 words
  • REGIONAL STOCK MARKETS
    • Taiwan stocks fall sharply on late sell-off
      • Article
        Untitled
        80 8 Close Pwioos Apr 13 Apr 12 SYDNEY All Ordinaries Index Closed 1498.4 All Industrials Index Closed 2315.7 All Resources Index Closed 872.8 Turnover (million) Closed 85.24 BANGKOK SET Index Closed Closed Turnover (nearest '000) Closed Closed JAKARTA Composite Index Closed NA Turnover (nean-st '000) Closed NA MANILA Composite lnde» Closed
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      • Article
        TAIPEI
        416 8 TAIWAN STOCKS fell to a sharply lower finish yesterday as investors rushed to sell holdings in the last minutes after the index failed to pull out of an early slump, dealers said. The Weighted Index lost 375.14 points, or 3.7 per cent, to end at 9,603.72 against Thursday's 9,978.86
        416 words
      • Article
        Untitled
        766 8 Seoul A l* '3 Won (TO) Anam Electric Ind 255 4 I Anam Ind. 263 4- 2 Ankuk Insu. 307 unch Asia Cement 325 f 5 Asia Motors 222 unch Bank Of Che Ju 181 f 2 BankOfPusan 158 +2 Bank CM Seoul 113 4 I Byuck San 260 4
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        Untitled
        346 8 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Apr 12 Index In local day change currency year change In S$ day year change change In US$ day year change chaage World 411.7 +0.4 -11.5 +0.2 -15.2 +0.2 -14.2 *EAFE 572.2 +0.1 16.0 +0.2 -20.6 +0.2 -19.6 Europe 436 4 4-0.4 -3.2 +0.5 -2.3
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  • WORLD STOCK MARKETS
    • Wall Street up sharply on blue-chip rally
      • Article, Illustration
        NEW YORK
        1181 9 GAINS in some of Wall Street's bestknown stocks and an extended rally within the technology group boosted US share prices sharply on Thursday. Blue chips ended firmer for the week and near last year's closing level. William LeFevre, an Advest Group market strategist, said increased comfort about corporate
        1,181 words
      • Article, Illustration
        LONDON
        805 9 LONDON shares finished higher on Thursday despite a lacklustre session before the four-day Easter holiday weekend. The market will reopen on Tuesday. A flurry of buying in selected blue chip stocks just before trading ended helped prices higher. The market shrugged off unfavourable economic data released during the morning.
        805 words
      • Article
        AMSTERDAM
        246 9 DUTCH share prices closed higher in moderate trade on Thursday, boosted by widespread foreign demand. The CBS All-Share Index closed at 118.0, up 1.1 point. "I had expected thin trade and lower prices because of the coming Easter weekend, but foreign buying triggered price rises for DSM and Akzo
        246 words
      • Article
        BRUSSELS
        233 9 BELGIAN share prices firmed slightly again on Thursday in quiet pre-Easter trading, with most speculation focusing on holding company Societe Generale de Belgique due to report its earnings next Tuesday. The Brussels market will be closed for Easter until Tuesday. Generale firmed 40 francs to 3,360 francs on active
        233 words
      • Article
        MILAN
        142 9 ITALIAN share prices opened the May trading month yesterday sharply higher boosted by technical factors in quiet trade. The MIB Index was up 1.7 per cent at 0900 GMT. Fiat led the advance rising 215 lire to be fixed at 10,670 although it slipped slightly in later trading. Amongst
        142 words
      • Article
        PARIS
        266 9 THE CAC-40 Index on the Paris bourse on Thursday closed at a record high of 2,116.66, up 13.56 points or 0.64 per cent, with share prices buoyed by persistent heavy foreign buying of blue chips, dealers said. The previous closing record, set on Wednesday, was 2,103.10. The CAC-40 Index
        266 words
      • Article
        TORONTO
        241 9 TORONTO stocks closed off slightly on Thursday after trading within a 10point range in tame trade, dealers said. Volume thinned in afternoon trade as many traders sneaked off early for the long Easter weekend. The Composite Index slipped 4.65 to 3,561.12 on volume of 15.7 million shares. Declines led
        241 words
      • Article
        JOHANNESBURG
        343 9 JOHANNESBURG shares closed mixed to higher on Thursday, after the gold price held steady at around 375 rand, dealers said. Shares showed signs of recovering after the EC said it would keep sanctions pressure on South Africa, and church leaders gave South African president de Klerk a plan to
        343 words
      • Article
        FRANKFURT
        137 9 GERMAN shares rose sharply on Thursday, the last day of trade before the four-day break. The surge was boosted by speculation that an agreement on German monetary union could come soon. The DAX Index of 30 leading shares rose 24.40 points or 1.3 per cent to 1,918.17. Frankfurt Apr
        137 words
      • Article
        ZURICH
        385 9 SWISS shares reversed early losses to close slightly higher on Thursday as buyers returned to the market, with good demand in the engineering sector. Dealers said sentiment improved on Frankfurt's good performance. The all-share SPI Index closed 4.5 points higher at 1,076.6 after an early low of around 1,070.
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      • Article
        Untitled
        86 9 Apr 12 Close Previous NEW YORK Dow Jones 2.751.80 2.729.7J +22.07 NYSE Financial 141.50 140 19 +1.31 SAP 500 344.34 341.92 +2.42 Turnover (million) 142.0 141.0 +1.0 LONDON Financial Times 30 1,741.0 1733.3 +7.7 FTSE 100 2,222.1 2209.9 i-6.6 Turnover (million) 324.5 311.7 +12.8 AMSTERDAM CBS General 196 60 195.50
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar moves narrowly in the absence of big players
      1199 10 FOREX MARKET REPORTS PRE-WEEKEND doldrums caused by the absence of most overseas players for the long Easter holiday period left the US dollar firmer at the close in featureless trade. European, Australian, New Zealand, Hongkong and Singapore markets were closed
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      INTERBANK FOREX RATES
      397 10 Cross rates 12 USS SS MS Dm Yen SFr A$ NZS USS 1.8780 2.7290 1.6720 158.40 0.6086 ***** 1.3072 1.7241 SS 0.5325 1.4531 0.8903 0.8435 0.3241 0.7891 0.6961 0.9181 MS 0.3664 68.82 0.6127 0.5804 0.2230 0.5431 0.4790 0.6318 Dm 0.5981 1.1232 1.6322 94.74 0.3640 0.8864 0.7818 1.0312
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      MONEY MARKET
      559 10 Interbank rates S$ Bid Offer Overnight 6 5/16 6 7/16 1-month 6 7/16 6 9/16 2-month 6 9/16 6 11/16 3-month 6 9/16 6 11/16 Overnight mode: 6-3/8 IS$ Offer 7 days 8 1/4 8 3/8 1 month 8 5/16 8 7/16 2 months 8 5/16 8 7/16
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    • Article
      Lock icon Fed willing to help yen, some economists believe
      367 10 Reuter THE US Federal Reserve has introduced an element of uncertainty into its policy intentions after four months of nearly unquestioned devotion to steady interest rates. Most economists believe the Fed is still on hold, not swaying from the 8.25 per cent
      Reuter  -  367 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1488 10 SIMEX EURODOLLAR 1 1 Open High Low Sett Est Vol Op/lnt Vol Jun 90 91.48 91.49 91.48 91.49 1146 ***** 3572 J Sep 90 91.41 91 Al 91.41 91.41 677 5301 1725 5 Dec 90 91.23 91 23 91.21 91.22 235 2840 720 I Mar 91
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  • COMMODITIES
    • Article, Illustration
      Lock icon KL urges Asian producers to join cocoa pact
      284 11 Reuter ASIAN cocoa-producing countries should join the International Cocoa Agreement (ICA) to help strengthen producers' position in renegotiating a successor pact, Malaysian Primary Industries Minister Lim Keng Yaik said. Dr Lim said in a speech delivered in Abidjan that Malaysia's membership in
      Reuter  -  284 words
    • Article
      Gold closes firmer in Tokyo
      143 11 TOKYO; Yen-based gold futures closed mostly firmer in quiet trade. Spot April platinum closed 12 yen per gram down at 2,450 and silver eased 0.7 yen per 10 grams to 265.3. 'Im-.i-.y.---THE price of tin slipped another 14 sen to M$ 17.21 per kg on
      143 words
    • Article
      Lock icon M'sia expects to produce 11pc of world's cocoa
      352 11 Bernama MALAYSIA'S production of dried cocoa for the October 1989 to September 1990 period is likely to be 261,600 tonnes, or 11 per cent of the world's production of an estimated 2.44 million tonnes, the Federal Agricultural Marketing Authority (Fama) said. After
      Bernama  -  352 words
    • Article
      Lock icon Inro invites bids for buffer stock study
      141 11 AFP THE International Natural Rubber Organisation (Inro) is inviting consultants to bid for a study of its buffer stock operations under the first natural rubber pact. Officials involved with the project said on Thursday that letters outlining the terms of reference for the
      AFP  -  141 words
    • Article
      Lock icon Moscow opens oil, gas, coal deals to Japanese
      275 11 Reuter MOSCOW is seeking Japanese participation in major coal, oil and natural-gas production deals in the Soviet Far East, Soviet embassy officials said on Thursday. Soviet Coal Industry Minister Mikhail Schadov, visiting Tokyo, met Japanese power and trading companies and proposed that
      Reuter  -  275 words
  • Article
    PRICES
    1460 11 Rubber Apr 12 HAS (W> hi Iwtw) S cents/kg Noon Close Int I RSS Prompt I54.75/I55.75N 155 50/156.50 Int I RSS May 90 157.75/158 25 158.50/159.00 Int 1 RSS June 159 00/159 50 160 00/160 50 Int 2 RSS OP 152.75/154.75N 153.25/155.25N Int 3 RSS OP 147.25/149 25N I47.75/I49.75N
    1,460 words
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      Page 11 Advertisements Column 1
      15 11 Read Chartpoint, a guide to investing in the stoek market. Every Saturday in Business Times.
      15 words
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      Page 11 Advertisements Column 2
      680 11 NOTICES ADVERTISEMENT FOR CREDITORS IN THE MATTER OP THE COMPANIES ACT, CHAPTERM AND IN THE MATTER OP LAM TONG PRIVATE LIMITED (Members' Vstaatary UqoUattM) APPOINTMENT OP LIQUIDATOR RESOLVED: "That Mr Teo Seng Chee of B.C. Teo L Co of 101 Upper Cross Street, #04-25 People's Park Centre, Singapore 0105 be
      680 words
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      Page 11 Advertisements Column 3
      583 11 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF LGS BUILDING PTE LTD (incorporated in the Republic of Singapore) (In Members' Voluntary Winding Up) The following special resolutions were deemed to be passed at the Extraordinary General Meeting of LGS Budding Pte Ltd on the
      583 words
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  • Article, Illustration
    Construction industry spends more on R & D
    282 12  - Construction industry spends more on R D By Lilian Ang THE construction industry's spending on research and development leapt by 35 per cent to reach $3 million last year, keeping step with the upward trend in such expenditure since 1985. The increase was most pronounced in the private sector where
    282 words
  • Article
    Lock icon Taiwan likely to cut oil, coal imports
    420 12 Reuter HIT by an industrial slowdown, Taiwan is expected to cut oil and coal imports this year and reduce its own production because of declining consumption. Taiwan imported 29.5 million tonnes of crude and fuel oil in 1989, up from 27 million tonnes
    Reuter  -  420 words
  • Article, Illustration
    Koreans learn how S'pore achieved industrial peace
    312 12  -  By Loh Hui Yin in SEOUL SINGAPORE'S record of harmonious labour-manage-ment relations was something the South Koreans were keen to find out more about from Trade and Industry Minister Lee Hsien Loong yesterday. At a Korea Chamber of Commerce and Industry luncheon, the
    312 words
  • Article
    Water usage below 950,000 cu m
    120 12 WATER CONSUMPTION dropped markedly and total reservoir stock rose on Thursday, a day of heavy rain in Singapore. According to a statement from the Public Utilities Board yesterday, about 946,000 cu m of water was used on Thursday. This was the first time that
    120 words
  • Article
    Lock icon US-Japan wood talks to be resumed
    241 12 Reuter US AND JAPANESE officials yesterday ended a week of negotiations without an accord on opening the Japanese market to US wood products, but they agreed to resume the talks again soon. Wood-product importation is the last of three USJapan trade disputes cited by
    Reuter  -  241 words
  • Article, Illustration
    Lock icon Bush's income tax tops US$100.000
    228 12 AP PRESIDENT George Bush and his wife, Barbara, reported U*****,274 last year from business holdings kept in a blind trust and paid total federal income taxes of U*****,382, according to a copy of the first family's tax return released on Thursday. The Bushes reported a
    AP  -  228 words
  • Article
    Lock icon Sabah trade surplus down in January
    385 12 Bernama SABAH's trade surplus totalled M 5271.9 million in January this year, down 1.5 per cent or Ms4.l million from the same month last year, but higher than the MS2IS million recorded for December 1989, Kota Kinabalu's statistics department reported yesterday. January exports were
    Bernama  -  385 words
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      Page 12 Advertisements Column 1
      121 12 A Treasury of Alpine Pleasures Wu Conlawnlil RnLaaJM /1L at Cnesa Hotel Equaional Tel: *****31 FOR BITS AND BYTES Geared to keep the busy business J executive abreast of new technologies he can exploit to full advantage, the I TECHNOLOGY page provides news, I J reviews and features in the
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      Page 12 Advertisements Column 2
      12 12 A Sichuan Culinary Heritage at Golden Phoenix Ph«M»iiLr Hotel Equatorial. Tft *****31
      12 words
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  • Executive Lifestyle
    • Article, Illustration
      Lights... action.. .what's next?
      1135 13  -  Whang Yee-ling does the last take on the recent Singapore International Film Festival Whang Yee-ling FILM purportedly travels at 24 frames per second. The pace accelerates for festival organisers sieving through the stream of entries, and. in keeping the selection current, cancellations were as inevitable as
      1,135 words
    • STRAWS IN THE WIND
      • Article
        Initial confusion
        20 13 IN management lingo, CEP stands for "Current Estimated Potential". In the civil service, it means "Career Ending Point".
        20 words
      • Article
        Ask yourself
        50 13 AT IKEA, the knockdown furniture store, the emphasis is on doing it yourself. DIY assembly, DIY packing, DIY transportation. But one customer didn't realise how much emphasis the store placed on the DIY concept until he saw the counter "Do-It-Yourself. Enquiries." There was no one at the desk.
        50 words
      • Article
        The plain fact
        36 13 WATER is turning into wine in west Auckland but authorities said it is no Easter miracle. It's caused by the pollution of waterways flowing through one of New Zealand's major wine growing districts.
        36 words
      • Article
        Is 'you' available?
        48 13 SAID one hot-blooded passenger to a hot-looking air stewardess: "Coffee, tea, or you?". The reply: "Sorry sir, 'you' is not available." Now, was that a witty reply or one of the reasons SlA's pouring so much money into English improvement courses for its cabin crew?
        48 words
      • Article
        Guess the real thing
        39 13 WALTER MACK, the inventor of Pepsi-Cola, has died aged 94. According to Punch, relatives have been asked to pay their respects to two blank coffins and then guess which of them is the real thing.
        39 words
    • OPINIONS
      • Article
        Taking a stand on a crutch mentality
        850 14  -  The domestic help industry does nothing for the exporter or importer country, says Malini Tambyah Malini Tambyah Malini Tambyah is on the Foreign Desk THE SINGAPOREAN working woman is fast becoming a leisurely madam who does not know how to get her hands
        850 words
      • Article, Illustration
        Making waves with waterfront business hubs
        814 14  -  Lee Han Shih Han Shih is our Property Correspondent NEW YORK did it a few years ago. London is in the middle of building a larger version. Japan, now fully aware of its role as a world economic power, is planning an even bigger
        814 words
      • Article
        Beware of self-defeating generosity
        213 14  -  LETTERS TO THE EDITOR S Chandra Das S Chandra Das MP for Cheng San GRC NOORDIN SOPIEE (BT, April 3) argues that since "Singapore is today an economic superpower in South-east Asia Singaporeans will be expected to change their style and their generosity... more will be
        213 words
      • Article
        Zoom in on this cartel
        136 14  -  Lillian Ong YOUR RECENT editorial, "Don't stop them, join them", is timely. Your characterisation of the General Insurance Association of Singapore as a cartel in that "it was trying to set the minimum market price of a motor insurance policy" deserves serious thought by all
        136 words
      • Article
        On that $10,000 figure
        93 14  -  Alban Kang Advocate and Solicitor Arthur Ix>ke Partners I REFER TO an article (BT, April 6) on Business Software Alliance. In the third paragraph, it was stated that "two other companies which BSA is suing UIC Chemicals and Applied Motion Products have agreed in principle to
        93 words
      • Article, Illustration
        An Asian lesson for East Europe
        792 14  -  Alice Amsden recommends that the East Bloc states look to the Far East for solutions to their industrial woes Alice Amsden Alice Amsden is Professor of Economics at the Sen School for Social Research. The article first appi'ared in the Ne\t York limes IT
        792 words
    • SPORTS
      • Article, Illustration
        Lock icon Masters champ takes a shot at a million dollars
        331 15 AFP IN THE WAKE of his second straight Masters triumph, Nick Faldo could easily have gone home and taken some time off from golf. Instead, the 32-year-old Briton found himself playing in the US$l million Heritage Classic on Thursday and shooting
        AFP  -  331 words
      • Article
        Lock icon Hot shots make headway at tennis tourney
        327 15 AP STEFFI GRAF isn't the only one staging a comeback at the Bausch and Lomb tennis championships. Carting Bassett-Seguso. a former Top 10 player who left the tour after having a baby two years ago, beat I2th-seeded Linda Ferrando 6-4, 6-2 on Thursday
        AP  -  327 words
      • SIDE LINES
        • Article
          Waldegaard ahead in Marlboro rally
          193 15 BJORN WALDEGAARD of Sweden took the lead as less than half the starters in the Marlboro Safari Rally entered the second stage of their grueling five-day race yesteiday. Mechanical failures and atrocious road conditions knocked out 33 of the the 58 cars that left Nairobi
          193 words
        • Article
          St Louis Blues moves up
          134 15 THE St Louis Blues became the first team to advance in the NHL playoffs, beating the Toronto Maple Leafs 4-3 on Thursday night to win their first-round Norris Division series. The Blues, who lost seven of eight games to the Maple Leafs during the regular
          134 words
        • Article
          Yankees beats Indians
          131 15 IT WAS just like old times at Yankee Stadium on Thursday. Dave Winfield and Don Mattingly were rapping the ball. Winfield and Mattingly did the early damage and pinch-hitter Luis Polonia singled home the go-ahead run in the eighth inning on Thursday as the Yankees beat the
          131 words
        • Article
          Chicago Cubs wins game
          117 15 DOUG DASCENZO hit a two-run homer and scored the go-ahead run on a passed ball on Thursday as the Chicago Cubs beat the Philadelphia Phillies 6-3 for a doubleheader split. Philadelphia won the first game 5-4 as Ricky Jordan drove in three runs. Dascenzo's home run
          117 words
        • Article
          Rose to miss series
          117 15 PETE ROSE will not be allowed to take part in the 10th anniversary reunion of the Philadelphia Phillies World Series championship team in the fall because of his lifetime ban from baseball, commissioner Fay Vincent said on Thursday. Rose, the former Cincinnati manager who is baseball's
          117 words
      • Article
        Lock icon Starling looks beyond fight with Nunn
        512 15 AP MARLON STARLING doesn't consider it a big deal to move up two weight divisions and challenge Michael Nunn for the middleweight title. The welterweight champion has ever weightier goals in mind. "I wouldn't be surprised if I fight for the light heavyweight title
        AP  -  512 words
      • Article
        Lock icon Edberg defies Grabb and the elements
        235 15 AFP STEFAN EDBERG of Sweden defied raip and strong swirling winds to roll through to the quarter-finals of the US$l.l5 million Japan Open tournament in Tokyo yesterday. Second seed Edberg eliminated seventh seed Jim Grabb of the United States 6-3, 6-3 in a game
        AFP  -  235 words
      • Article, Illustration
        Lock icon Hillsborough a year after
        682 15 AP SOCCER marks an anniversary this weekend of the type it alone among sports seems capable of producing. A year ago this Sunday, on a warm spring day, 95 fans were crushed to death as they watched the kickoff of an English playoff game at Hillsborough
        AP  -  682 words
      • Article
        Lock icon England cricket team falters
        271 15 AP ENGLAND faltered after a solid start to be 203 for six wickets in their first innings at the end of the first day of the fifth and final cricket test match against the West Indies in Antigua on Thursday. They passed 100 with only one
        AP  -  271 words
    • EPICURE 1
      • Article, Illustration
        Lock icon Another set, another style
        637 16  -  Quek Swee Peng tries out another eat-as-much-as-you-want lunch spread Quek Swee Peng A LITTLE inclination towards the seduction of set menus has inspired a proliferation of such specials at most restaurants. Each new idea attempts to better the last; the last an improvement on previous. Hardly
        Punch  -  637 words
      • Article, Illustration
        Meursaults: fat, juicy and spicy
        721 17  -  WINE By N K Yong THE FINEST dry white wines of the world are undoubtedly the white burgundies of the Cote D'Or. from the prestigious appellations of Corton, Puligny-Montrachet, Chas-sagne-Montrachet and Meursault. The Grand Crus of Corton (CortonCharlemagne) and of Puligny and Chas-sagne-Montrachet (Montrachet, Chevalier
        721 words
      • Article
        When death brings hopes of renewal
        585 17  -  As Christians celebrate Good Friday and Easter, Richard Seah reflects on the never-ending cycle of life and death Richard Seah CHRISTIANS this weekend commemorate two apparently contrasting events in the life of Jesus Christ his death and resurrection. The two events are contrasting only
        585 words
      • Article, Illustration
        Keeping a good count of the hand
        497 17  -  BRIDGE By Sybil Holloway THE Singapore Inter-Club Bridge League Games started off with an open house meet hosted by the Hollandse Club. With 20 teams participating there was a lot of competitive bidding and play. Mr Yogesh Tiwari, sitting south, found himself playing
        497 words
    • PURSUITS
      • Article, Illustration
        Farm boy makes good
        793 18  -  What has bean curd got to do with conveyor belts? A Surendren finds out from the male winner of the Endec (Entrepreneurship Development Centre) Entrepreneurship Excellence Award A Surendren PETER 800 grew up low on cash but high on determination. He was a farm boy who,
        793 words
      • Article, Illustration
        The rise of Penelope Spheeris
        837 18  -  Whang Yee-ling sounds out the director of The Decline of Western Civilisation Whang Yee-ling PLAZA CINEMA detonated in an orgy of megadecibel Heavy Metal ditties during the recent Singapore International Film Festival. Synthesisers shrieked, while singers squalled. The audiences were not to be outdone. Springing
        837 words
      • Article, Illustration
        Not even enough to make your skin crawl
        487 18  -  So what's so earth-shattering about four blind worms, Samuel Ee asks Samuel Ee Nothing could be more disappointing than being antagonised by your dinner. If you don't believe me, just ask the four hungry worms in Tremors. There they are, minding their
        487 words
    • PERSONAL FINANCE & INVESTMENT
      • Article
        Land sale will give Hotel Props a boost
        559 19  -  STOCK By ABDUL HADHI HOTEL Properties' deal to sell half the freehold land it owns behind the Hilton Hotel, which will give it a pretax profit of $43.5 million, will enhance the value of the group's shares. The extraordinary profit from the
        559 words
      • Article, Illustration
        No wind in that rally just yet
        155 19  -  OJART Cresvale Far East Ltd THE MEDIUM-TERM outlook for the Singapore market is still bearish despite some oscillators showing positive signals. The Stochastic managed to move up after the bottoming formation, implying that market sentiment is improving. However, buying and selling pressures are
        155 words
      • Article
        Warrants: premiums and gearing
        653 19 >ricee at 13.4.90)1 Conversion terms PremiunV (discount) Expiry Amount ~~T Optional** •.'1 ting 4 Company Issued Wrts Shara Ln stk Conv Exer Lnstk Gearing Date Mtha m units) nom Cash 1 Ln stk 2 left ratio price value MB CKTang 16.9 2: 3 4.400 1.00 225
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      • Article, Illustration
        Lock icon Investors head for Paris as Germany euphoria subsides
        698 19 Initial rush into W German shares seen as overdone Reuter INTERNATIONAL investors are taking the Paris bourse by storm as they reassess the West German stock market after its heady performance, European analysts say. "In the short term there appears to be
        Reuter  -  698 words
      • Article
        Lock icon Merrill Lynch drops gold rating to neutral
        285 19 Reuter Merrill lynch and Co has lowered its recommendation on gold shares to neutral from buy for the intermediate term after bullion prices fell below the average price of the past 12 months. "I think that the preponderance of the evidence is that
        Reuter  -  285 words
    • EXECUTIVE JOBS
      • Article, Illustration
        Do you know me? Are you sure?
        1181 20  -  Martin Soong talks to Singapore's credit card czar a man determinedly expanding his plastic empire Martin Soong ITS THOSE hornrimmed glasses that throw you off. Owlishy oversized, framing an eternally youthful face, they give him a boy-next-door earnestness and innocence. But it's a
        1,181 words
      • Article
        Treating overseas postings as plums, not Siberian exile
        967 20 A major challenge facing Singaporean expatriates is getting over tne fear of working and living abroad Tl HE TRIALS and tribulations, plus the benefits, of the expatriate life have long been familiar to Western businessmen. But as Asian economies continue to develop,
        967 words
      • Article
        Aye aye, sheikh — one crew coming right up!
        199 20 Aye aye, sheikh one crew coming right up! SKILLTEK, a local company started some seven years ago by Australian Barbara Richards, is shifting its focus towards business consultancy services, but still manages to find time to tackle the recruiting assignments which got the company started in the first place like
        199 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        389 20 LI'C (Res) Gan Juay Kiat has been appointed a director of GEC Singapore. He will head the company's electronics division, and also oversee its traffic systems, medical, telecommunications, defence and other electronic systems. LTC (Res) Gan, an SAF and President Scholar, is a 13vcar veteran of the
        389 words
    • THE TRAVEL PAGE
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1051 21 City Flight ETA Flight ETO City Flight ETA Flight ETO Abu Dhabi GA976 0010 MH644 SQ115 MH619 1900 2005 2135 MH643 SQI 14 MH616 1715 1745 1900 Adelaide SQ226 QF81 2035 2105 SQI19 SQ121 2205 2320 SQI 18 MH618 1945 2045 Amsterdam SQ23 SQ23 KL837 0755
        1,051 words
      • Article, Illustration
        Come feast your eyes
        639 21  -  LETTER FROM PRAGUE Susan Moore PRAGUE is a prewar city. A fairytale hill-top castle, a skyline pierced with spires and finials and the onion domes of Baroque churches and palaces. Its cobbled streets (but not its suburbs) are unscathed by Modernist carbuncles and unchoked by exhaust.
        639 words
      • Article
        MONEY CHANGER RATES
        153 21 As at 3pm yesterday: Ixxral dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4290 1.4490 Canadian dollar I.$970 1.6170 NZ dollar 1.0750 I.I 150 Sterling pound 3.0670 3.0970 US dollar 1.8740 ***** Ijocal dollars to 100 units of foreign currency Austnan schilling IS.S0
        153 words
      • Article
        WORLD TRADE EXHIBITIONS
        123 21 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Apr 5-23 International Buenos Aires Exhibition Buenos Aires Fundacion El Libra ($4)1/*****6$ Apr 24-28 Exhibition of the Applications of Synthetic Belgium Foire Internationale De Bundles (32)2/*****77 Apr 17-22 Materials A.S.B.L International Zagreb. Zagrebacki (38)41/*****6 Composites Days of
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    • TIME OFF
      • Article
        THEATRE
        175 22 The Stuttgart Ballet This exciting classical ballet company boasting an array of dancers well known for their technical brillance and subtlety of dramatic expression and sense of humor performs tonight for three nights. The dancers under their director John Cranko will be performing four items: Troy Game, Togetherness. Enas
        175 words
      • Article, Illustration
        EXHIBITIONS
        459 22  -  Compiled hy K Jayanti Old, Impressionist and Modern Works Local art enthusiasts and collectors will have a chance to view and acquire an impressive array of works. About 200 works, some of them featuring extremely rare, old and expensive works in a spectrum of media ranging j from oil,
        459 words
    • Article, Illustration
      CINEMA
      432 22 Always. Tedious love story about the spirit of a dead fire-fighting pilot who goes back to encourage whoever doesn't need his soliloquy. Overacted and overly long. Stars Richard Dreyfuss, Holly Hunter, John Goodman and Audrey Hepburn. Lido: 11; 1.30; 4; 6.45; 9.15. Changi 3: 11.15; 1.45; 4.15; 7.15; 9.30.
      432 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      7 13 The rise of Penelope Spheeris, EL 6
      7 words
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      Page 13 Advertisements Column 2
      118 13 "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." 4_ v v OMEGA. The watch that records the world's significant moments. At the Olympic Games. In outer space. And exclusively for you. fIL y v The Omeea
      118 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      220 16 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... A Didn't I see you at Scandals? y g jf Every Thursday: Ladies Night. Kvery Night: I he place to see and be seen. Scandals, Singapore's most sophisticated dub and meeting place. For details
      220 words
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      Page 16 Advertisements Column 2
      341 16 CUISINE TOO LA TE FOR BREAKFAST? TOO EARLY FOR LUNCH? CAUFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ BAND TO PUT VOU IN A MERRY MORNING MOOD. EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES. BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE FAMILY. SUNDAYS
      341 words
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      Page 16 Advertisements Column 3
      171 16 Like our exquisite Cantonese Thai cuisine. Prepared by Hong Kong and Thai *^yHK by the different enticing dishes. Delighted by the >ft chic continental f ambience. ll' *\l P® Totn Q-&!%ssS !A Served nightly from 7.00pm $15.00 Adult $10.50 Child AU prices are sJb(«c> to 10% Mrvtca charge A 4%
      171 words
    • Advertisement
      Page 16 Advertisements Column 4
      287 16 .1 V.VTYrV-VV WWWr I C<rUU«i WIM) ,VU*ACIVT EASTER FUN FOR THE FAMILY It's carnival time at Easter Fun land. Bring your children for fun and games, great food and prizes. It will be an eggstraordinary day! EASTER FUNLAND Mandarin Ballroom Sunday, April 15, "90 11 00am to 3.00pm Adult: $40
      287 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      259 17 AND ENTERTAIN Spend An Eggceptional Easter With Us. i Jin SET ILINCH N VBtt BI'HH imnnik f By jfl Bi.oo i l&St SET DINNER Turn Easter into a weekend of non-stop eating. At Cafe-in-the-Park and Hubertus Grill. Freshly baked Easter goodies are also available at our Pastry Shop now. A®
      259 words
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      Page 17 Advertisements Column 2
      77 17 W' a frisco restaurant Frisco offer the finest continental cuisine with cosy, friendly ambience. EXCLUSIVE BUSINESS LUNCH 11.00 am to 2.30pm Set Lunch $28.00++ per person (menu changes daily) ROMANTIC DINNER 6.00pm to 10.00pm Candle-light Set* Dinner Q $25.00++ per person HAPPY HOURS 3pm to 10.00pm All alcoholic beverages except
      77 words
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      Page 17 Advertisements Column 3
      71 17 goco C^obstef"sald3t^^ 2 Sharks Fin with Chicken $163.80 3 (For 10 persons) 4 Prawn m Dried Red Chilh »pd I 5 String Beans with Minced Meat 6 Maple Leaf Deep Fned Bun Diking DucK 7 Braised Pu-Tien Bean Curd no ducV th I 8 Han-Chang Noodles m Hot Pot BemW"
      71 words
    • Advertisement
      Page 17 Advertisements Column 4
      297 17 —r». The art of doing business. Fourchettes Business Lunch. At Fburchettes Grillroom, one of Singapore's finest business lunches awaits The freshest oysters. Goose Rillettes and other appetizers. Main courses from the Grill, or Roast US Prime Rib from the Carvery. Z Accompanied by the most exquisite Dessern, Teas and Coffees
      297 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      97 19 4a25% p. a. DAILY INTEREST! I hMM Hong Leong Finance to find out about E and Singapore Finance now offer new Fixed Deposit rates, please call B you 4.25% on your Savers Plus Daily 1J JJ s] a] at 222 5544/222 8844 I Interest Account. We give you the best!
      97 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      35 20 J i 1 Aggressive new breed of corporate i Astra goes places Businesses hit the Road to Myanmar Singapore Investments ebb 1 Down Under Sembawang Shipyard photo special Investment spotlight on Sembawang Shipyard, UMW Holdings
      35 words
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      Page 20 Advertisements Column 2
      16 20 [for who] WHAT, WHERE AND I wHm j IN THE MARKET Every Thursday... ADVERTISING MARKETING ""I
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    • Advertisement
      Page 20 Advertisements Column 3
      239 20 DHL IN THE NEWS Advertisement SN, ICTAIICDC' ei IDDODT DHL was also the proud recipient of the CUoTUMcHO bUrrUnl first-ever National IT Award 1990, presented by the National Computer Board DHL emerged winner nniX/F DHL TO WIN in the Private Sector from a total of 84 nominations received DHL was
      239 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      61 21 "WW tk J? The business pdwn'i choke every Tuesday, g I IS g i\ f Thursday, Saturday and Sunday. Leaving Changi I Ihl I MjL I I Airport at 21:55 hour? and arriving at O'Hjtc A I 111 I V M International Airport the following day. Call your travel agent
      61 words
    • Advertisement
      Page 21 Advertisements Column 2
      102 21 FOR IMPORTERS AND EXPORTERS. SHIPPING TIMES covers all aspects of local and international shipping (except, of course, the really technical aspects). The emphasis is on news that is likely to affect the Business Times reader, vi y Covering the latest trends in the shipping markets, we also carry up-to-date news
      102 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      125 21 for one spotted in <He plant <II) YESTERDAY'S SOLUTION taking a nap strangely (7) s nun found strug- ■c| A KVTVEMni 3 Quits the flat (4) 8l«ng with a foreign lan- kpt?] 4 Imagined having had some guagc(lO) UgUvM t food, so upset inside (8) party getting in the LJ
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    • Miscellaneous
      Page 21 Miscellaneous Column 2
      224 21 Singapore OUTLOOK: Showers in the late morning and afternoon Report for 24 hours prior to 7.30pm on Apr 13 at the airport: Max temp. 33.9 Assoc humidity 61 Min temp 24.2 Assoc humidity 93 Rainfall in mm.™..... nil Rainfall this mth 33.4 Rainy days this mth 5 Report for the
      224 words
    • Miscellaneous
      Page 21 Miscellaneous Column 3
      77 21 EOONESBURY uh.tonker? m nope! I i sea. hou> the fort, YOU LEAVE THE UP I TOOK J™ SOUJHAVS unru,u** UtLUA*! GOTTA OFFTHEttAPGt* ALEXOFf- UtiAT W SHE tOEARJNO? NOTHING* ~JAKB fOURBEPfWL* KTT^ r 1' SPREAPPOUNX) THECLEAN&S. *Ltu 2&SS&22SL lHfc.Kfc- >s not p\ Top Pffiofc'Ty IjONes Hep\T uf some. uAV' N To
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  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      1322 22 TODAY'S TV i MfmMiPHiiH I ■■■■■■■■■I Educational TV. The Next Generation, 2pm, Assignment Adventure. Lome Greene might be dead w ioo Lembaran Roberts lost (Documentary). more but that Tony Dreamtones jLtgf Kinabalu. stop someone from prepare a benefit Wl 2.00 Movie Bonanza: 1988 TV i John Ireland, Barbara Ander- l
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    • Miscellaneous
      Page 22 Miscellaneous Column 2
      636 22 MOVIES ON TV The Lost Moment, Mon, intelligent and altruistic man. 10.30pm, SBC 12 Poverty-stricken when he was Susan Hayward plays a fe- y° un B' s helped bya male version of Dr Jekyll and wealthy but eccentric beneMr Hyde in this 1947 mys- factor who sees him through tery.
      636 words