The Business Times, 5 May 1990

Microfilm: NL17017
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 170/12/89 Weekend May 5-6 1990 75*
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  • NEWS & MARKETS SUMMARY
    • Article
      Dow Jones higher
      49 1 WALL STREET blue chips yielded some early gains to profit-takers but the broad market was higher after news of a surpisingly small gain in US non-farm jobs in April. The Dow was up six at 2702 and gainers led declining issues by three-to-one in early trading
      49 words
    • Article
      Footsie up
      42 1 LONDON SHARES soared yesterday after a less severe defeat than expected for the ruling Conservative Party in local elections. By noon the Footsie 100 index stood 30.6 points up on Thursday's close at 2,165.5, a climb of 1.4 per cent.
      42 words
    • Article
      No secrets: KL
      24 1 MALAYSIA has nothing to hide from Singapore insofar as its defence facilities are concerned, Defence Minister Tengku Ahmad Rithauddeen said yesterday.
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    • Article
      Retail plan
      20 1 THE RETAIL industry is meeting the manpower shortage problem head-on with a nationally certified training programme Page 2
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    • Article
      Pacific links
      28 1 AS THE Pacific-Rim begins to gather economic momentum, there will be a need for more defined conditions of cooperation between nations of the region Page 2
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    • Article
      GK Goh share offer
      37 1 GK GOH will launch its share offer on Tuesday with an offer of 50 million shares at $1.05 each. It also forecasts net profits to June this year at $14.1 million Page 4
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    • Article
      Multi-Purpose fall
      28 1 MULTI-PURPOSE Holdings Bhd suffered a sharp 61 per cent drop in profit after-tax to M 55.79 million for the year ended Dec 31, 1989. Page 4
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    • Article
      Horiguchi high
      13 1 HORIGUCHI Engineering's share offer has received a good response Page 4
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 741.65 +9.67 Kuala Lumpur ....531.33 +11.20 Hongkong 2,946.9 -7.64 Tokyo Closed Closed Sydney 1,460.5 -7.00 Thursday Change New York 2,696.17 +6.53 London 2,134.9 -2.7
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    • Article
      CURRENCIES
      21 1 Exchange rates US$ SSI.8755 Yen (100) SS1.1825 MS SS0.69I7 Money market rates Overnight 6 3/16% unch 3-month 6 3/4% +1/16
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    • Article
      COMMODITIES
      26 1 London Gold PM fix US$371.30 +1.40 Rubber S'pore June 161.50 «/kg +1.00 M'sia June 230.00«/kg +0.50 KLTJn Turnover 40 tonnes -5 Spot M$ 17.08/kg -0.12
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  • Article
    Singland maps out plan to fend off UIC bid
    420 1  -  By Magdalene Ng SINGAPORE LAND has repeated its rejection of a takeover offer from United Industrial Corporation as inadequate, this time backed by figures from an up-to-date revaluation of its property assets. The property group also claims that UlC's offer of
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  • Article, Illustration
    Provision mars Singland results
    326 1 SINGAPORE LAND'S decision to make full provision for its exposure to troubled British property group Rush Tompkins pic, now under receivership, has marred an otherwise highly profitable six months for the Republic's premier property group. The $24.41 million extraordinary loss led to an attributable loss of
    326 words
  • Article
    Lock icon USSR under Gorbachev no threat to S-E Asia: KL
    293 1 Bernama AP IN A major policy shift, Malaysian Foreign Minister Abu Hassan Omar says he does not see the Soviet Union under President Mikhail Gorbachev as a threat to South-east Asia. In a speech released yesterday by the Information Department in
    Bernama; AP  -  293 words
  • Article
    China Steel joins US$3.2b project in M'sia
    324 1 MALAYSIA'S largest steel mill operator Amalgamated Steel Mills, Taiwan's stateowned China Steel Corp and several private steel makers are jointly investing US$3.2 billion in a massive steel project in Malaysia. China Steel's chairman King Mou-hui told reporters in Taipei on Thursday that the
    324 words
  • Article
    Lock icon US jobless rate rises unexpectedly to 5.4pc
    168 1 Reuter US unemployment rose unexpectedly by 0.2 points in April to 5.4 per cent, its highest rate in 15 months, and only the addition of temporary census workers kept payrolls growing, the Labour Department said yesterday. Census takers accounted for 80,000 of the
    Reuter  -  168 words
  • Article
    Lock icon Beijing's foreign debt at US$41.3b
    169 1 AP CHINA'S foreign debt stood at US$4l.3 billion at the end of 1989 as the nation entered a peak repayment period in the early *****. The State Administration of Exchange Control said yesterday the debt included U5537.03 billion in mediumand long-term loans and U554.27 billion
    AP  -  169 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      176 1 Nikon ThtWtorid'tFinMt Photographic SyHm. COVER PURSUITS REVIEWS FINANCE JOBS j Middle-East skirmish Nike's Seurat according Marc Faber's GanJuay that might turn ugly, support for to Sondheim. unorthodox views on Kiat: W to When politics makes Cole-Haan: More 35 yeare of Asian markets. EL 8 Sctofcr, nches Strange bedfellows. than just
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      Page 1 Advertisements Column 2
      177 1 Nikon TtwWbrid'tßnMt PtMtopapNc Syrtam.; There Are Tkose Wlio Recognise Tke rafl Of (ierald (jenla. And Tliere Are Those Wko Can Also Afford H. The watchmaking genius of Gerald Genta is encased in every timepiece he designs. Hack is a treasure. And each carries his name to hear testimony of his
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        CPF interest rate to be raised to 3.88pc
        63 2 FROM July until the end of the year, the Central Provident Fund interest rate will be raised to 3.88 per cent from the present 3.77 per cent. With this revision, the Housing Development Board (HDB) mortgage loan interest rate, pegged at 0.1
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      • Article
        S'pore-M'sia ties cherished
        74 2 "SINGAPORE has, and always will, cherish the close bilateral relationship with Malaysia," said the Minister of State (Ministry of Community Development and Ministry of Education), Dr Seet Ai Mee. She was speaking at last night's 6th Annual Games dinner for visiting officials from Malaysia's Ministry of Welfare
        74 words
      • Article
        Tourism Beat airs on Tuesday
        92 2 TOURISM BEAT, a weekly radio programme for the tourist industry's 100,000 workers, will go on the air next Tuesday at 10.05 am. Sponsored by the Singapore Tourist Promotion Board (STPB), the hour-long radio show will be a regular feature for the next 26 weeks. Hosted
        92 words
      • Article
        Bid to lure Asians to Seoul
        101 2 A KOREAN delegation of tourist officials and representatives from the travel trade will be touring four Asian countries to promote their home country as a tourist destination for Asians. Singapore will be the first stop for the tourist mission, led by the president of
        101 words
      • Article
        Forum on rape, child abuse
        119 2 A FORUM on rape and child abuse will be held this afternoon at the Bukit Merah branch library. There will also be an exhibition, self-defence demonstrations and poetry readings on the subject. The event was organised by three women's associations, and supported by The New
        119 words
    • Article
      Retail assistants to get certified training
      333 2  -  By Sangeeta Mulchand THE RETAIL INDUSTRY is meeting the manpower shortage problem head-on with a nationally certified training programme. Launched yesterday, the programme is aimed at increasing the skills and productivity of each retail assistant, as well as sprucing up the image of the
      333 words
    • Article
      Shatec's training needs
      139 2 THE hotel association's training arm, Shatec, will be able to handle twice the number of trainees by 1992. But by then, Shatec will need a subsidy of $3 million because of rising costs, said Ricky Goh, who was re-elected as president of the Singapore Hotel Association (SHA)
      139 words
    • Article
      Model projects 8 1/4 -8 3/4pc growth
      327 2  - Model projects 8 1/4 -8 3 /4pc growth By Kenneth James AN UPBEAT B'/4 to 8% per cent growth by the Singapore economy this year that is the prediction of a local economist whose study of business cycles finds that the manufacturing sector has turned around and is once again
      327 words
    • Article, Illustration
      How Pecc, Apec can complement each other's efforts
      428 2  -  By Shoeb Kagda AS THE Pacific-Rim begins to gather economic momentum, there will be a need for more defined conditions of cooperation between nations of the region, concluded members of the Pacific Economic Cooperation Conference (Pecc) yesterday. A key issue raised during
      428 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      594 2 ¥mm< ¥oy Wd Birth Departs Keppd Wharves Amsterdam 3-006 K33 alongside 05.05/ 1500 April Gl 13E/90 K18 alongside 05.05/ 0900 Arrow Prince 2411 K32 alongside 04.05/ 2300 Beate Oldend JC-183 C09 alongside 04 05/ 2359 Continent 1 4/90 K17 alongside 07.05/ 1500 Inabukwa 13/90 K31 alongside 04.05/
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    • Article
      CONTAINER SCHEDULE
      1452 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Transtainer SdiediJes Sfy Voy No Arr Date fine From To Booki* Gate Bk Op Gdn AlWaiba 51 06.05 90 1500 05/1500 05/1629 Portnet 2 Q9 00 F05 06/0600 06/0629 NA 2 Afe Hope ***** 07 05 90 1700 05/1145 05/1244
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    • Article
      IN MALAYSIAN PORTS
      301 2 Port King South Port Stoit Aquamarine berth 1; Shoko berth 2; M berth 3; Kns Merutx berth 4; Hung Lee 4 berth 7; Hong Soon berth Ik KCT: Bunga Getang berth 8; Yang Fang Kou berth 9; AJ Ahmadiah berth 10. North Port; Ping Jiang berth 11;
      301 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Multi-Purpose after-tax profit down 61pc
      426 3  -  By William Chia MALAYSIAN conglomerate Multi-Purpose Holdings Bhd (MPHB) has reported a sharp 61 per cent drop in group after-tax profit to M 55.80 million (M$ 14.70 million) for the year ended Dec 31,1989. At the pre-tax level, profit was down 54 per cent to
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    • Article, Illustration
      Steamers Maritime appoints Toh Chin Chye as adviser
      208 3 FORMER Cabinet minister Dr Toh Chin Chye has been appointed adviser to Steamers Maritime Holdings Ltd. Dr Toh will be advising Steamers on its business development. Steamers, a member of the Keppel Group of companies, was listed on the Stock Exchange of
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    • Article
      G K Goh to launch 50m-share offer
      451 3  -  By Conrad Raj G K GOH HOLDINGS, the parent of stockbroking firm G K Goh Stockbrokers, is to launch its public offer of 50 million shares on Tuesday at 1.05 for each 20-cent share. The group is planning to use most of the
      451 words
    • Article
      Lock icon Fleet buys 25.65pc stake in Hume Industries
      339 3 Bernama FLEET GROUP Sdn Bhd has acquired a 25.65 per cent stake in Hume Industries (M) Bhd through its acquisition of the entire equity of Jaguh Mutiara Sdn Bhd. In a Form 29a notification of the interest of a substantial shareholder, the group
      Bernama  -  339 words
    • Article
      Horiguchi's share issue 25.7 times subscribed
      242 3 IN SPITE OF the prevailing dull market conditions, Horiguchi Engineering's offer of 10.5 million shares which closed on Thursday managed to attract surprisingly good response. At the close of its offer of the public portion of 9.371 million shares at 60 cents each, there
      242 words
    • Article, Illustration
      Shriro organises design contest for new SES logo
      203 3 i THE STOCK EXCHANGE of Singapore wants a new corporate identity and Shriro Paper Singapore is offering cash prizes worth $10,000 for the best design. This was disclosed yesterday by Shriro which said that the Exchange was looking into a "graphic change
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    • Article
      C & C more than doubles interim profit after tax
      351 3  - C C more than doubles interim profit after tax By Lim Mui Khi MOTOR GROUP Cycle Carriage Ltd has turned in exceptionally good interim earnings, thanks to the strong demand for vehicles in Singapore and improved margins due to favourable exchange rates. But directors cautioned that results in the second
      351 words
    • COMPANY BRIEFS
      • Article
        Hospital Pantai gets venture offers
        85 3 HOSPITAL PANTAI Bhd has received three offers to participate in existing private hospitals and new hospital projects. Chairman Datuk Dr Mahmood Merican said negotiations on these offers were still at a preliminary stage and Hospital Pantai, which was listed on the second board of the
        85 words
      • Article
        Promet in Langkawi talks
        58 3 PROMET BHD said negotiations are in progress with the Kedah State Economic Development Corporation (KSEDG) over its stalled Pulau Langkawi tourism project, and meetings would resume after the Hari Raya holidays. Replying to a query from the KLSE, Promet added that it would be premature to
        58 words
      • Article
        Duff raises stake in Emtex
        72 3 DUFF BHD said its stake in Emtex Corporation Bhd has reached 14.8 per cent with recent purchases on the open market. Replying to a KLSE query, Duff said it had purchased through a stockbroker a total of 5.701 million shares on the open market between
        72 words
      • Article
        Berjaya buys SPT shares
        50 3 BERJAYA CORPORATION (M) Bhd said it now holds 42.08 million shares in South Pacific Textiles Bhd, after acquiring 2.8 million shares on the open market through stockbrokers. One million of the newly-acquired shares are directly held, Berjaya said, while the rest are held through unquoted subsidiaries.
        50 words
      • Article
        Long Huat listing on May 8
        50 3 C_7 W W a THE KLSE said in a circular yesterday that Long Huat Timber Industries Bhd's entire issued and paid-up capital of 17 million ordinary shares of Msl each will be listed anii traded on the KLSE's second board from Tuesday, May 8.
        50 words
      • Article
        Mega First recalls certificates
        91 3 MEGA FIRST Corporation Bhd (formerly known as Eve£peace Corporation Bhd) said it is recalling all its old share certificates for cancellation under a proposed reconstruction scheme which includes a capital reduction. For every Msl share, 96 sen is to be cancelled, leaving a nominal value ;of
        91 words
      • Article
        Landmarks extends offer
        74 3 LANDMARKS Bhd's offer for the remaining shares of Saujana Resort (M) Bhd it does not already own was accepted by shareholders holding class 4 A' and class shares amounting to 15.2 per cent of Saujana's issued and paid-up capital, by the deadline on Wednesday. A statement issued
        74 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      154 3 WU GUANZHONG WATERCOLOUR GOUACHE Young T'ees 1978 The Orchard Point Exhibition Hall PHWJ— 160 Orchard Road. #C 3-18 Orchard Point, Singapore 0923. ."'7* Professor Wu Guanzhong (B 1919) Born in Yming county Jtangsu province In 1942 he graduated from the National Art College In '946 he studied m Parts He
      154 words
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Fuji Heavy Industries buys all of Subaru
        71 4 FUJI Heavy Industries Ltd of Japan has agreed to acquire the 50.5 per cent stake outstanding of its US importer, Subaru of America Inc, for more than US$4OO million. The deal should be completed by September. Fuji already holds the other 49.5 per
        71 words
      • Article
        Genentech trades investigated
        96 4 THE wife of Genentech's chief executive officer is the focus of an insider trading investigation being conducted by the Securities and Exchange Commission, the company disclosed on Thursday. The investigation concerns trading in securities of Genentech Inc shortly before the south San Francisco biotechnology pioneer announced it
        96 words
      • Article
        Unconditional bid for Home
        105 4 DUTCH paper and office equipment company BuehrmannTetterode said it had 97.0 per cent of the ordinary shares in UK Paper merchant Robert Home pic, and its 154.1 million bid for the company was accordingly unconditional. Buchr-mann-Tetterode said it had acceptances for 13.99 million Robert Home ordinary
        105 words
      • Article
        Northam to raise 600m rand
        89 4 NORTHAM Platinum Ltd, part of the Gold Fields of South Africa Ltd group, said it proposes to raise about 600 million rand by way of a rights offer to shareholders registered on May 18. The purpose of the previously announced rights offer is to provide
        89 words
      • Article
        Rhone offered 31.1m Rorer shares
        94 4 RHONE-POULENC SA said that through May 3, it had received about 31.1 million common shares of Rorer Group Inc in response to its tender offer which had been scheduled to expire at 1200 EDT/1600 GMT on May 4. It said the offer has been extended
        94 words
      • Article
        Alcatel phone system for Nepal
        67 4 FRENCH company Alcatel said it had signed a contract with the Nepalese telecommunications network to provide a transmission system for sparsely-populated areas. The contract with Alcatel's West German subsidiary SEL Alcatel is worth some six million Deutsche marks (US$3.5 million) and is being financed by
        67 words
      • Article
        BASF to build Malaysian plant
        91 4 WEST German chemicals group BASF said it is to build an expanded polystyrene plant in Malaysia, creating some 100 jobs. The plant at Pasir Gudang near Johor Bahru, BASF's twelfth to produce Styropor expanded polystyrene, would serve the southeast Asian market. BASF did not indicate
        91 words
      • Article
        Trace to merge with media unit
        70 4 TRACE Products said it plans a merger with the media division of Mountain Computer Inc and a simultaneous gjoing-private transaction in which public shareholders would receive US$2 per share for their Trace shares. I It said the major shareholders of Trace after the transaction
        70 words
      • Article
        BTR has 2.1 per cent of Norton
        60 4 K BTR pic said that through May 3 it had received 382,972 Norton Co shares, or 2.1 per cent of the total, in response to its US$75 per share tender offer for all shares, and the offer lias been extended through May 25.
        60 words
    • Article, Illustration
      Lock icon ICI looks to Asia-Pacific for its future thrust
      389 4 Reuter IMPERIAL Chemical Industries pic of Britain is to focus its growth plans, particularly for its chemical business, in the Asia-Pacific region. "The region will be the future thrust for ICl's chemical business in view of its electrifying growth," said Robert Houston,
      Reuter  -  389 words
    • Article
      Lock icon BMW joins Rolls-Royce in aero-engine venture
      394 4 FT BMW, the luxury car producer, is teaming up with RollsRoyce of UK in a joint venture to make commercial aero-engines. For BMW, the agreement marks a modest but significant move back into the sector in it started more than 70 years ago. For
      FT  -  394 words
    • Article, Illustration
      Lock icon Storehouse's Conran steps down earlier than expected
      238 4 Reuter SIR TERENCE CONRAN is retiring as chairman of retailing group Storehouse pic and will be replaced by lan Hay Davison. Mr Davison is chairman of stockbroker Laing Cruickshank and has been a non-executive director of Storehouse since 1988. Storehouse said in a
      Reuter  -  238 words
    • Article
      Lock icon Sharp falls in earnings at GM and Ford
      385 4 NYT GENERAL MOTORS Corp and Ford Motor Co, the two biggest car makers in the US, have each posted sharply lower first-quarter profits. The declines were attributed to an industry-wide production slowdown in January, which was undertaken because of swollen inventories of
      NYT  -  385 words
    • Article
      Lock icon Mobil Oil (M) to pump M$50m into stations
      313 4 Bernama MOBIL OIL (M) Sdn Bhd is to venture into a new area "related with its existing activities", its outgoing managing director, Mr Kokunan Yuan, said. However, it was premature to be more specific, added Mr Yuan who would be assuming the
      Bernama  -  313 words
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      Page 4 Advertisements Column 1
      241 4 K Keppel Corporation Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT TAKE-OVER OFFERS FOR ASIA COMMERCIAL BANK LIMITED On behalf of Keppel Corporation Limited ("KCL"), Schroder International Merchant Bankers Limited ("SIMBL") has on May 4,1990 despatched to the shareholders and holders of convertible unsecured loan stock 1987/2012 ("CLS") ("CLS holders")
      241 words
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      Page 4 Advertisements Column 2
      219 4 FAR EAST LEVINGSTON SHIPBUILDING LTD (Incorporated in the RepuWtc of Singapore) NOTICE TO SHAREHOLDERS OF FAR EAST LEVINGSTON SHIPBUILDING LTD Please be advised that the closure of the Transfer Book and Register of Members of the Company which was previously announced as being from 11 May 1990 to 18 May
      219 words
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  • FINANCIAL NEWS
    • Article, Illustration
      Lock icon Japanese, Chinese officials fail to agree on loan resumption
      566 5 AFP THE Chinese and Japanese delegations to the Asian Development Bank (ADB) annual meeting in New Delhi failed to agree on resuming Japan's loans to China in talks on Thursday. Japanese Finance Minister Ryutaro Hashimoto and Chinese central bank governor Li
      AFP  -  566 words
    • Article
      Lock icon Banks seek to withhold debt relief
      405 5 AP A SPOKESMAN for major banks around the world on Thursday asked the governments in the International Monetary Fund (IMF) to withhold debt relief for 15 Third World countries until the debtors catch up on US$lB.l5 billion in back interest. Many of the debtors
      AP  -  405 words
    • Article
      Lock icon Mexican government makes plans to privatise banks
      346 5 AFP PRESIDENT Carlos Salinas de Gortari has proposed a constitutional amendment that would allow the Mexican government to sell off banks it nationalised eight years ago. The move, although long rumoured, was one of the most dramatic in a series of reforms by
      AFP  -  346 words
    • Article
      Lock icon Dublin makes bid to be world centre for captive insurance
      305 5 Reuter j DUBLIN aims to establish itself as the world centre for captive insurance through a new 400 million punts financial services centre with 1.1 million square foot commercial space being built in the city's dockland. Ireland's Industrial Development Authority
      Reuter  -  305 words
    • Article
      Higher European rates likely to slow demand
      234 5 A GENERAL rise in interest rates in major European countries is expected to lead to slower demand growth in the smaller European states, the International Monetary Fund (IMF) said. But, says the IMF in its semi-annual "World Economic Outlook" report, that may not
      234 words
    • Article
      Lock icon Tripling of funds urged for Brady's plan
      268 5 AP THE DEBT relief plan launched last year by US Treasury Secretary Nicholas Brady to help Third World debtor nations will be a failure unless new provisions are implemented soon, according to a study prepared by the United Nations Economic Commission for Latin
      AP  -  268 words
    • SMALL CHANGE
      • Article
        US banks urged to monitor large deposits
        74 5 THE US Treasury's new money laundering enforcement branch and pending legislation in Congress are pushing banks to scrutinise customers' large cash deposits and wire transfers more closely. As much as US$B5 billion each year is laurv dered in Europe and the United States
        74 words
      • Article
        Bundesbank to maintain policy
        90 5 THE Bundesbank decided at its regular fortnightly meeting on Thursday not to amend its monetary policy. The discount rate remains at six per cent and the Lombard rate at eight per cent, their levels since Oct 6. The meeting was held in West Berlin rather than
        90 words
      • Article
        Mongolia nears debt accord
        69 5 A SENIOR Mongolian trade official predicted yesterday that an agreement would soon be reached on Mongolia's debt to the Soviet Union and suggested not all of it would be repaid. Battsengel Gunchingiin of the Ministry of Trade and Cooperation said the two sides would meet this
        69 words
      • Article
        Banks cut Taiwanese rates
        99 5 STANDARD Chartered Bank and the Banque Nationale de Paris (BNP) have reduced their Taiwan prime rates in response to the central bank's strong money market intervention moves and easier credit. Standard Chartered lowered its prime to 12 per cent from 13 and BNP dropped its rate
        99 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      254 5 Dollar$ Non$en$e mm A mam mm Final Iv r ukury,.* ,-ni a new source ot quality training, JL 1/ research and I i consultancy. 4 ''SIM f v >' Directors and senior Seminars: These seminars are designed u a, for personnel and research i r oa \x it-s h ngineering
      254 words
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  • THE REGION
    • Article
      Lock icon Misgivings arise over ADB's enterprise project
      447 6 Reuter THE Asian Development Bank's (ADB) new project to boost private enterprise may only be helping the rich get richer, some members of the bank say. The Asian Finance and Investment Corp (AFIC), created in August as a joint venture with commercial financial institutions,
      Reuter  -  447 words
    • Article
      Lock icon KL wants ADB to step up aid for private sector
      304 6 Bernama MALAYSIA expects the Asian Development Bank (ADB) to invigorate further its recent initiative to promote and develop the private sectors of developing member countries, Finance Minister Datuk Paduka Daim Zainuddin said on Thursday. The Malaysian government had assigned a
      Bernama  -  304 words
    • Article
      Lock icon Daim welcomes investments from India
      196 6 Bernama MALAYSIA wants to see its economic ties with India expanded, with Indian entrepreneurs going to Malaysia not only to trade but also to invest, Finance Minister Datuk Paduka Daim Zainuddin said on Thursday. Malaysia believes that Indian entrepreneurs and businessmen are in a good
      Bernama  -  196 words
    • Article
      Lock icon Manila bank views economy with guarded optimism
      257 6 AFP THE Philippine Central Bank (PCB) views the country's economic performance this year with "guarded optimism", following a bloody coup attempt last December, PCB said in a report released in Manila on Thursday. PCB noted that the economy grew by 5.6 per cent
      AFP  -  257 words
    • Article
      Lock icon Business group issues wage-hike warning
      263 6 AFP A TOP business group yesterday warned the Philippine government to ignore wage hike demands by organised labour, saying that any increases would jeopardise the country's economic growth. "To mandate another wage increase at this time would set back the country's economic recovery by rendering
      AFP  -  263 words
    • Article
      Lock icon Japan hopes Cambodia will resolve issues in Tokyo
      227 6 AFP A TOP Japanese official said in Bangkok on Thursday that he hoped a proposed meeting in Tokyo between Cambodian Premier Hun Sen and Cambodian guerilla leader Prince Norodom Sihanouk would succeed. Japanese Director General of Defence Agency Yozo Ishikawa told reporters
      AFP  -  227 words
    • Article
      Lock icon Viet minister to discuss Cambodia in Beijing
      231 6 AP VIETNAM'S first deputy foreign minister, Dinh Nho Liem, is in Beijing for the third time in the past 16 months to seek improvement in poor Sino-Vietnamese relations, a Vietnamese source said in Beijing on Thursday. The two sides will be discussing the
      AP  -  231 words
    • Article
      Investment in Indonesia likely to rise sharply this year
      348 6 INDONESIA'S foreign and domestic investment commitments this year are likely to far exceed last year's figures because of the sharp increase in investment approvals during the first four months of this year, says Investment Chief Sanyoto Sastrowardoyo. Mr Sanyoto, chairman of
      348 words
    • Article, Illustration
      Putting the way to more harmonious trade relations
      63 6 The Japanese Minister of International Trade and Industry, Mr Kabun Muto, lines up a putt as Rod Hills, husband of US Trade Representative Carla Hills, looks on. Mr Muto and Mr Hills got in some golf during a break on Thursday at
      63 words
    • NOTE BOOK
      • Article
        KL urges union of Koreas
        61 6 MALAYSIA has told North Korea that the Communist North and South Korea should opt for unification through peaceful means, following the example of East and West Germany. Malaysia's stand was conveyed to visiting North Korean Vice Foreign Minister Cha Bong-ju by Foreign Minister Abu Hassan
        61 words
      • Article
        Indon peddlers to be charged
        55 6 CITY officials in Indonesia will from Monday put on trial people violating a ban on peddlers operating from Jakarta's main junctions. Press reports quoted Coordinating Minister for Politics and Security Sudomo as saying both peddlers and buyers violating the ban could face up to three
        55 words
      • Article
        Bangkok slaps visa on Nigerians
        62 6 BANGKOK has imposed visa regulations on all Nigerians travelling to Thailand, regardless of the duration of their stay, the official National Television (NTA) has reported. Previously, Nigerians could enter and stay for 15 days in Thailand without visas. The Thai decision followed the recent spate
        62 words
      • Article
        M'sia-Turkey links
        62 6 TURKEY has offered itself as a springboard for Malaysian exports to Europe, West Asia and Africa. Malaysian Primary Industries Minister Lim Keng Yaik said Turkish Foreign Minister Ali Bozer made the offer during his two-day visit to Malaysia. "We have also invited Turkey to use Malaysia as a
        62 words
      • Article
        Philippine inflation edges up
        55 6 THE PHILIPPINE inflation rate edged up to 13.6 per cent in April, from 13.4 per cent in March, the government's National Statistics Office (NSO) said yesterday. The figure was 5.5 percentage points higher than the Apnl 1989 rate of 8.1 per cent. The annual inflation rate
        55 words
      • Article
        Viet minister going on EC tour
        34 6 VIETNAMESE Foreign Minister Nguyen Co Thach will begin a 10-day tour through four European Community (EC) countries next week, a foreign ministry spokeswoman said in Hanoi on Thursday.
        34 words
    • Article
      Thai govt urged to curb rural land sales
      235 6 THE THAI government has been urged to introduce measures to reduce land sales, especially in rural areas, reported the Bangkok Post on Thursday. A seminar organised by the Thai Chamber of Commerce on Wednesday, attended by lecturers and businessmen, said land sales
      235 words
    • Article
      Lock icon Burmese students get US refugee status
      271 6 Reuter TWO BURMESE students left Thailand for the United States on Thursday, the first to be officially recognised as political refugees from their troubled homeland, Burmese sources and refugee workers said. They said Ohn Mar, 22, and Aung Chin Win Aung, 45, who fled
      Reuter  -  271 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      128 6 B Keppel Corporation limited f Incorporated in the Republic of Singapore) TO: ALL WARRANTHOLDERS OF S«120,000,000 1 8H BONDS DUE 1993 WITH WARRANTS TO SUBSCRIBE FOR SHARES OF KEPPEL CORPORATION LIMITED. NOTICE IS HEREBY GIVEN that the Register of Warrantholders will be closed during the period 23 May 1990 to
      128 words
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      Page 6 Advertisements Column 2
      7 6 No accord on loan resumption, Pg 5
      7 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Tories shrug off major local elections defeat
      451 7 AFP BRITAIN'S opposition Labour Party scored major gains throughout the country in local elections but failed to inflict the widely predicted disaster on Prime Minister Margaret Thatcher and her Conservative Party, results showed yesterday. Emerging smiling from Downing Street yesterday, Mrs Thatcher said
      AFP  -  451 words
    • Article
      Lock icon Nato insists on united German membership
      238 7 AFP THE North Atlantic Treaty Organisation (Nato) on Thursday launched a new initiative on nuclear disarmament in Europe and rebuffed Soviet insistence that a united Germany remain outside the Atlantic alliance. Nato also agreed to hold a special summit in London, in late June
      AFP  -  238 words
    • Article
      Lock icon No major initiatives likely from G-7
      367 7 Reuter THE POWERFUL Group of Seven (G-7) industrial nations are likely to decide that the world economy is still on track and that they don't need to take any major initiatives when they meet in Washington tomorrow. That was the message delivered to reporters
      Reuter  -  367 words
    • Article
      Lock icon US budget deficits expected to continue through 1995
      249 7 AP US Federal budget deficits would continue through 1995 despite cuts in military spending planned by President George Bush's administration, according to figures made public on Thursday by the International Monetary Fund. Many members of Congress, which will provide the money, are
      AP  -  249 words
    • Article
      Lock icon Japan's electronics exports to E Europe soar
      286 7 Asahi JAPANESE electronics makers have mixed opinions over a steep rise in exports to Eastern Europe, with some concerned that the boom will be only temporary while others are worried that it could lead to increased friction with Western Europe. Japan's exports of
      Asahi  -  286 words
    • Article
      Lock icon HK may lose go-between role
      482 7 AFP HONGKONG'S traditional role as economic middleman between China and Taiwan is threatened by the growing prospect of direct trade and financial links across the Taiwan Strait. "The trend would bring us serious repercussions," said Anthony Chan, an economist with the consultancy firm Business International.
      AFP  -  482 words
    • Article
      Lock icon Bonn pushing East Germany to go private
      323 7 AP WEST GERMANY is pushing East Germany to open the door to private ownership and get out of the business of owning land and factories, but East German officials first want some guarantee of protection from a sell-off. With a self-imposed deadline of
      AP  -  323 words
    • WORLD WATCH
      • Article
        Tokyo carmakers under fire
        81 7 THE FEDERAL Trade Commission (FTC) said it was investigating Japanese carmakers operating in the US to see if they were violating antitrust laws by restricting competition for parts. It said the investigation was at the request of Congress and would focus on whether Honda, Nissan and
        81 words
      • Article
        Energy-for-technology offer
        50 7 THE SOVIET UNION is willing to offer energy to Western businesses in exchange for the technology needed to produce it; Deputy Energy Minister Boris Tackaiev told a press conference at the end of an energy symposium in Brussels on Thursday. The symposium was organised by the European Commission.
        50 words
      • Article
        UK housing slump worsens
        80 7 A SEVERE housing market slump in Britain has taken year-on-year house price inflation into negative figures for the first time since indexation began seven years ago, according to figures from the Halifax Building Society, Britain's biggest home-loan organisation. April house prices were down 0.2 per cent
        80 words
      • Article
        Morocco dangles carrot
        32 7 MOROCCO is seeking to attract foreign investors, particularly from Japan, Kuwait and Saudi Arabia, by setting up industrial free zones close to Europe, Finance Minister Mohamed Berrada has said.
        32 words
      • Article
        Czech farmers can go private
        30 7 THE Czechoslovakian parliament on Thursday adopted a law allowing farmers to set up private farms by reacquiring land forcibly put into collectives in the *****.
        30 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      241 7 AFTER 28 NIGHTS ON BUSINESS... ro\ /o I YOU'LL NEED ONE NIGHT OF PLEASURE...FREE. EXECUTIVE Introducing a most rewarding discount scheme that gives our business guests a break, not just on business, but for leisure too. Holiday •O nn s Executive 28. MALAYSIA Stay with us on business in any
      241 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Share prices close firmer in moderate trade
      4401 8  -  By William Chia SINGAPORE share prices again closed firmer on higher volume yesterday following bargain-hunting and some buying by individuals and institutions. There was interest in Malaysian stocks and Singapore property counters which chalked up strong gains on active trade. Singapore blue-chip, hotel
      4,401 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3846 9 Main Board Sea View 575 +25 +4.5% DBS Land 320 +21 +7.0% DBS 1240 20 +1.6% SPH Foreign 960 20 2.1% Jurong Ship 50* 775 +20 +2.6% Kcppel Corpn 720 +20 +2.9% Scmb Shipyard 670 +20 +3.1% Cold Storage H 440 +20 +4.8% LAM 50*
    3,846 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks rally across the board in active trade
      3652 10 Reuter Bernama SHARE PRICES on the Kuala Lumpur stock market finally snapped out from its recent depressed mood and rallied on a broad front in active trading yesterday. The KLSE Composite Index advanced a hefty 11.20 points, or 2.15 per cent, to
      Reuter; Bernama  -  3,652 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      201 10 Banking, Finance Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry was Singapore's
      201 words
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  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Dull trade follows a lack of fresh incentives
      2536 11 SHARE PRICES closed lower in lacklustre trading on the local stock market with the Hang Seng Index dropping 7.64 points to 2,946.97 yesterday. The Hongkong index closed at 1,935.62, down 4.47 points. Turnover rose to HK$99O million (US$l27 million), against Thursday's HK$B5B
      2,536 words
  • Article, Illustration
    TOKYO STOCK EXCHANGE
    1737 11 The Tokyo market was closed yesterday and on Thursday. The following are Wednesday's closing prices. Vol Close High Low C000) Isuzu 40,307 1130 1150 1120 +10 Nippon Mining 12,186 990 1010 986 -10 NKK 12,702 593 600 575 +5 Furukawa Elec 10,168 855 856 831 +44 Hitachi
    1,737 words
  • Page 11 Advertisements
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  • REGIONAL STOCK MARKETS
    • Seoul stocks rise for third straight day
      • Article
        Untitled
        90 12 Close Previous May 4 May 3 SYDNEY All Ordinaries Index 1,460.5 1,467.5 -7.00 All Industrials Index 2,265.4 2,276.9 -11.5 All Resources Index 845.3 848.9 -3.6 Turnover (million) 60.66 83.93 -23.27 BANGKOK SET Index 862.97 856.45 +6.52 Turnover (nearest'000) 16,739 13,570 M- 3,169 JAKARTA Composite Index 643.09 642.16 +0.93 Turnover (nearest
        90 words
      • Article
        Untitled
        332 12 la local currency la S$ la US$ day year day year day year May 3 Index change change change change change change World 410.1 0.6 -11.8 0.6 -15.5 0.4 -14.4 iEAFE 576.8 0.3 -15.3 0.6 -20.0 0.5 -19.0 Europe 428 4 0.8 -4.9 1.1 -4.1 1.0 -2.9 Pacific 994.8 0.0
        332 words
      • Article
        AUSTRALIA
        1102 12 THE Australian sharemarket ended the week on a low note yesterday, with the All Ordinaries index closing 7 points down at 1,460.5 in thin trade. The market was directionless due to a lack of fresh news, only modest gains offshore overnight and the closure of the Tokyo market for
        1,102 words
      • Article
        SEOUL
        833 12 SEOUL stocks shot up in very active trading yesterday for the third consecutive day on continued expectations that the government would soon announce measures to boost the market, brokers said. The composite stock index gained 31.51 points to 782.33, with volume high at 338.1 billion won, against 69.7 billion
        833 words
      • Article
        BANGKOK
        645 12 THAI stocks moved higher in active trade yesterday focused on the finance sector and smaller speculative chips, brokers said. The official SET Index gained 6.52 points to close at 862.97. Gains outnumbered losses 83 to 52. Most active were Star Block, North East Products and First City Investment. "North
        645 words
      • Article
        MANILA
        434 12 PHILIPPINE share prices closed mixed in listless trade yesterday, but brokers anticipate a rally as the market has been oversold. The Manila Stock Exchange composite index firmed 1.30 points to close at 953.47. The combined volume at the two bourses rose to 562.93 million shares worth 163.31 million pesos
        434 words
      • Article
        TAIPEI
        355 12 TAIWAN stocks closed higher on late buying in the financial and banking sectors yesterday. The weighted index gained 122.42 points to end at 8,624.70. Turnover fell to NTSB3.7 billion from NTS 108.3 billion on Thursday. Dealers said rumours that market players associated with the ruling Nationalist Party were buying
        355 words
      • Article
        NEW ZEALAND
        346 12 NEW ZEALAND shares ended higher yesterday on continued healthy turnover and brokers look forward to more consolidation next week. The Barclays index was estimated to have closed at 1,716.86, up 5.43. The index hit its low for the year of 1,673.40 on Monday. One broker said the rise
        346 words
      • Article
        JAKARTA
        389 12 THE Jakarta Stock Exchange index rose 0.93 to 643.09 yesterday as the market shook off post-holiday lethargy, nearly doubling Thursday's turnover to 6.7 million shares despite the half-day closure yesterday. The vast majority of trades were on the block sale board, which, under a new trading system, accounts for
        389 words
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  • WORLD STOCK MARKETS
    • Wall St stocks post fourth straight gain
      • Article, Illustration
        NEW YORK
        1170 13 WALL STREET stocks, supported by a strong technology group and a sprinkling of special situations, posted their fourth successive gain on Thursday. Blue chips ended below their session peaks, however, ceding ground on late afternoon profit-taking and position squaring. Concern about the somewhat volatile April employment report yesterday
        1,170 words
      • Article, Illustration
        LONDON
        845 13 SHARE PRICES ended a two-day rally mostly lower on Thursday as investors took to the sidelines while Britons voted nationwide to cast their ballots in local elections. The Financial Times-Stock Exchange 100-share index finished down 2.7 points, or 0.12 per cent, at 2,134.9. This was below the day's high
        845 words
      • Article
        AMSTERDAM
        371 13 DUTCH share prices opened firmer in low volume yesterday, with steady Dutch bonds and a strong opening of German shares supporting the market, dealers said. Traders noted the market held surprisingly well after Thursday's disastrous first quarter results by Philips, with levels in general continuing a recovery seen in
        371 words
      • Article
        FRANKFURT
        311 13 FOREIGN INVESTORS, relieved as the prospect of a major nationwide strike faded, jumped back into the West German share market yesterday, driving prices sharply higher in active trade. News emerged yesterday that the IG Metall metalworkers union had agreed a regional pay deal for 1990, including a 6 per
        311 words
      • Article
        JOHANNESBURG
        359 13 THE Johannesburg stock market opened steady to firmer yesterday as three days of historic "talks about talks" between the African National Congress and the South African government enters its last day, dealers said. A weak financial rand amid the current uncertainties and a slight rally in the gold price
        359 words
      • Article
        MILAN
        170 13 DEMAND for car maker Fiat and tele- communications holding STET, which announced a bonus share issue on Thursday, boosted Italian shares higher at the opening yesterday, brokers said. The MIB index was up 0.3 per cent higher at 0930 GMT, with 34 per cent of closing prices fixed. Volume
        170 words
      • Article
        PARIS
        164 13 FRENCH share prices posted minor gains at mid-day yesterday in a very quiet market with many investors reluctant to open new positions ahead of the Armistice holiday here next Tuesday. But Thomson-CSF lost 11.10 francs to 133.40, with 435,100 shares traded. The defence electronics group said it expected 1990
        164 words
      • Article
        ZURICH
        266 13 SWISS shares continued Thursday's firm trend and opened about one per cent higher yesterday. The SMI index of leading shares was 17.9 points or 1.12 per cent higher at 1,613.8 after about 15 minutes of trading. But dealers warned that higher prices might trigger some selling by investors who
        266 words
      • Article
        Untitled
        202 13 Brussels May 3 Kranes FORWARD MARKET Accc 4700 +-60 Arbed 5210 +10 Astur 1484 -21 Brascan 646 unch Canpac 634 -6 Cock 207 f 3 De Beers 800 +2 Ebcs 4150 -80 Gb-lnno-Bm 1404 +14 Gevaert 8600 +10 Gr Bru Lamb 3910 -10 Hobok Petro ***** -75 Ryl Dutch 2575
        202 words
      • Article
        Untitled
        92 13 May Close Previous NEW YORK Dow Jones 26%. 17 2689 64 +6.53 NYSE Financial 137.02 136.66 +0.36 SAP 500 335.57 334.48 +1.09 Turnover (million) 145.57 141.61 +3.% LONDON Financial Times 30 1676.6 1678.0 -1.4 FTSE 100 2134.9 2137.6 -2.7 Turnover (million) 392.8 433.0 -40.2 AMSTERDAM C BS General 192.60 192
        92 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Pound strengthens as Tories fare better than expected at polls
      1202 14 REPORTS THE BRITISH pound was tending to move higher on the foreign exchanges in London yesterday morning, after results of UK local elections showed a smaller than expected swing away from Prime Minister Margaret Thatcher's ruling Conservative party. "The result
      1,202 words
    • Article
      INTERBANK FOREX RATES
      389 14 Crass rates May 4 US$ SS MS Dm Yen SFr AS NZS USS 1.8770 2.7090 1.6810 158.40 0.6083 1.4545 1.3254 1.7437 SS 0.5328 1.4433 0.8956 0.8439 0.3241 0.7749 0.7061 0.9290 MS 0.3691 69.29 0.6205 0.5847 0.2245 0.5369 0.4893 0.6437 Dm 0.5949 1.1166 1.6115 94.23 0.3619 0.8653 0.7884
      389 words
    • Article
      MONEY MARKET
      566 14 Interbank rates SS Bid Offer Overnight 6 3/16 6 5/16 1-month 6 1/2 6 5/8 2-month 6 5/8 6 3/4 3-month 6 3/4 6 7/8 Oversight mode: 6-5/16 USS Bid Offer 7 days 8 1/4 8 3/8 1 month 8 3/8 8 1/2 2 months 8 1/2 8
      566 words
    • Article
      Lock icon EC nations await green light for monetary goals
      350 14 Reuter FIVE European Community countries would announce commonly agreed money supply targets for 1991 if a proposal put to EC central bank governors is adopted, EC monetary sources said. A panel of central bank experts has submitted a recommendation to the governors
      Reuter  -  350 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1412 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Jun 90 91.15 9U8 91.14 91.17 2193 ***** 2067 Sep 90 90.82 90.86 90.82 90.84 4265 9999 3795 Dec 90 90.64 90.67 90.64 90.66 407 3112 767 Mar 91 90.57 90.59 90.56 90.58 179 403 200
      1,412 words
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  • COMMODITIES
    • Article
      Lock icon Oil markets give Opec a vote of no-confidence
      425 15 Reuter CRUDE oil prices fell US$l as traders reacted sceptically to an Opec announcement that it would shave output by nearly 1.5 million barrels per day to mop up the surplus of crude caused by the cartel's over-production. "Overall there was a
      Reuter  -  425 words
    • Article
      Lock icon Malaysian palm oil refiners urged to relocate overseas
      291 15 Bernama MALAYSIAN palm oil refiners should look into the possibility of relocating their operations overseas as a strategic market programme to move into big markets with good potential for imports of palm oil and palm oil products, Malaysian Primary Industries Minister Datuk
      Bernama  -  291 words
    • Article
      Gold finishes slightly higher in slack trade
      810 15 REPORTS HONGKONG: Gold closed just off its New York finish in another day of slack trade, dealers said. Dealers said gold might try U*****.00 an ounce in New York trade on shortcovering. Bullion closed at U*****.40/90 an ounce against U*****.00/50 at the opening
      810 words
    • Article
      PRICES
      1315 15 Rubber May 4 W (hfc hi Mm) S cents/kg Noon Close Int 1 RSS Prompt 159.5<V160.50N I59.50/I60.50N tat I RSS June 161.50/162.00 161.50/162.50 Int 2 RSS OP 153.50/155.SON 153.50/155 50W Int 3 RSS OP 148.00/150.00N 148.(XVI50.00N Int 4 RSS OP I44.00/146.00N 144.00/I46.00N Int 5 RSS OP 139.50/141.50N 139.50/141.SON KM
      1,315 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      15 15 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words
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      Page 15 Advertisements Column 2
      639 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEMCON SMOAPORE INVESTMENTS (PTE) LTO (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 7223 Lane Park Drive, Dallas Texas *****, USA on
      639 words
    • Advertisement
      Page 15 Advertisements Column 3
      578 15 IN THE MATTES OF THE COMPANIES ACT, CHAPTER* AND IN THE MATTES OP PEN AO A INVESTMENTS PTE LTD (MMtkerV Vataatary miltettM) NOTICE 18 HEREBY OIVEN pursuant to Section 308 of the Companies Act, Chapter SO that a Pinal Meeting of the members of the abovenamed Company will be held
      578 words
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  • Article
    Lock icon Malaysia homing in on infrastructure needs
    493 16 MBT INFRASTRUCTURE, one of the lifelines of the Malaysian economy, is being accorded high priority by the government. To ensure that economic growth is not hampered or derailed, the authorities are taking a closer look at the needs of investors, both local and foreign.
    MBT  -  493 words
  • Article, Illustration
    APB to give $10m to communicative arts
    217 16 A SUM of $10 million has been pledged by Asia-Pacific Breweries (APB) to encourage communicative arts in Singapore. The pledge was made last evening by Mr Michael Fam, chairman of APB and its parent Fraser Neave (F&N), to commemorate the opening of the
    217 words
  • Article
    Lock icon Meat eaters and vegetarians bone up on the scriptures
    462 16 AP CARNIVORES and vegetarians are diligently searching the scriptures in a dispute about whose diet enjoys divine sanction. Britain's agriculture minister, John Selwyn Gummer, started the argument by declaring that "the Bible tells us that we are masters of the fowls
    AP  -  462 words
  • Article
    SMRT makes $46m operating surplus
    346 16  -  By Amy Balan THE SINGAPORE government continues to subsidise the operations of the Mass Rapid Transit system despite a higher operating surplus achieved by the operators, Singapore MRT Ltd. The SMRT recorded an operating surplus of $46.23 million for the year to end--1989, against a
    346 words
  • Article
    Lock icon Bush worried over Gorbachev's future
    246 16 AFP PRESIDENT George Bush has expressed fears over the future of Soviet President Mikhail Gorbachev and a possible resurgence of Soviet militarism but said he would not base American foreign policy on saving him. "I think he's under extraordinary pressure at home, particularly on the
    AFP  -  246 words
  • Article
    Lock icon Latvia to consider independence now
    93 16 Reuter LATVIA'S pro-independence forces flexed their muscles yesterday, forcing its new parliament to follow the example of Lithuania and consider immediately the restoration of the republic's pre-war independence. A bloc of deputies, led by the pro-independence Popular Front, steam-rolled at- tempts to delay consideration of
    Reuter  -  93 words
  • Article
    Lock icon Workers accept 35-hour work week
    217 16 Reuter EMPLOYERS and metal workers in a central region of West Germany agreed in a landmark accord yesterday to cut the working week by two hours in stages to 35 hours. IG Metall, West Germany's biggest union, said in a statement that its members in
    Reuter  -  217 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      20 16 Tasty Teochew at Chao Zhou OMDZHOU GARDEN RESNJRANT .\b Level 6 LIC Bu,idin s M Shenton Way Tel: 225 6355
      20 words
    • Advertisement
      Page 16 Advertisements Column 2
      147 16 Fresh delights at Kampachi !•«!kiln*x' Level 6 UIC Building Shenton Way Td": 222 4615 tisfym '1 ROSE GARDEN SICHUAN RESTAURANT Level 5, Golden Landmark Hotel 390 Victoria Street, Singapore The Art of Sichuan Cuisine The Rose Garden Sichuan Restaurant at the Golden Landmark Hotel. A new name in a new
      147 words
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  • Executive Lifestyle
    • Article, Illustration
      From rugs to riches
      1026 17  -  Some people buy carpets to step on. On occasion, an expensive one is nung on the wall, away from dogs and visiting children. But to shell out more than 100,000 for a piece of intricately woven yarn that will never touch a single sole? Serious collector
      1,026 words
    • STRAWS IN THE WIND
      • Article
        Name wonder
        30 17 SPOTTED in the Registry of Companies' list of new companies a Korean firm called "Never-Was Private Limited". Wonder if it has a sister company called "Used-To-Be Private Limited"?
        30 words
      • Article
        Underground bank?
        54 17 AND speaking of companies, not everyone that moves into Shell Tower is a bank or a financial institution. One of its newer tenants is PFG Asia-Pacific. Their objective? Undertaking, cremating, cemetery services (including upkeep of cemeteries etc). Wonder if it also helps dients get licences to hold wakes
        54 words
      • Article
        A rose is a rose
        47 17 A ROSE by any other name would smell as sweet, but some people still seem to think that the fancier the name, the better. Like one award-winning travel agency, which has since begun to describe itself as a regional "Destination Management Company".
        47 words
      • Article
        Long live parents!
        25 17 SPOTTED on the bumper of a car in Maryland, US: "GET EVEN Live long enough to be a burden on your children".
        25 words
      • Article
        Don't leave home
        50 17 ONE cynic has refused to apply for the American Express card because he believes it brings bad luck. Just look at the Amex commercials on TV, he says. The cardholders always have problems. They either have an accident, get robbed, lose their cards, or miss the plane.
        50 words
    • OPINIONS
      • Article
        Announcement on change to car levies soon
        235 18  -  LETTERS TO THE EDITOR Mrs Maria Choy for Permanent Secretary (Communications) Ministry of Communications Information WE THANK your readers and correspondents for their interest in the quota system. Some have commented that car levies be redoted now that the quota system is- in
        235 words
      • Article
        Quota system meets objectives
        378 18  -  Lam Chih Tsung for Permanent Secretary (Communications) Ministry of Communications Information W.E THANK your readers and correspondents for their interest in the quota system. The lowest successful tender system is fair. As all tenderers are paying for the same item Temporary Certificate of Entitlement (TCOE) of
        378 words
      • Article
        When oil and water mix to make waves
        1143 18  -  Politics makes strange bedfellows indeed. David Chew examines another case in point David Chew David Chew is onBT's Foreign Desk ALMOST 10 years ago, Tengku Razaleigh Hamzah and Lim Kit Siang were probably the most bitter of political enemies. Tengku Razaleigh, the
        1,143 words
      • Article, Illustration
        The way of the viper
        1771 18  -  Neville Stack paints a mushroom cloud over Mid-East terrorism Neville Stack Neville Stack was editor of the Leicester Mercury, a big British daily paper. He is now a writer, consultant and political commentator in England NOT SO long ago, two mightly nations heaved and gasped
        1,771 words
    • PURSUITS
      • Article, Illustration
        More than just a puff of hot air
        569 19  -  Samuel Ee discovers that shoe giant Nike treaded lightly when it took over Cole-Haan two years ago Samuel Ee WHEN Nike bought over Cole-Haan two years ago, some purists probably got sleepless nights wondering if their penny loafers would henceforth oome with
        569 words
      • Article, Illustration
        Lock icon Ordinary music behind the extraordinary facade
        784 19  -  Richard Cook plots the downfall of David Bowie Richard Cook Punch I WAS never much of a fan. Some of the other chaps in the fourth would shake their platforms in my direction, arch a glittered eyebrow, but somehow, Ziggy never played guitar for
        Punch  -  784 words
      • Article, Illustration
        A stylish cop-after-cop affair
        373 19  -  Samuel Ee nails down two officers in blue Samuel Ee THE MOST successful movies, pseudo-pundits will insist, are those the masses can easily identify with. So if Internal Affairs ever becomes a box-office hit, you know it's probably because a lot of policemen watched it. Either
        373 words
      • Article, Illustration
        Lock icon Adieu, then, to the 2CV
        660 19  -  Stuart Marshall looks back on a bizarre piece of motor history Stuart Marshall FT THE FLAGS will be at half-mast in trendy, environmentalist Islington, north London, when the truth leaks out: the Citroen 2CV, that bizarre hangover from the early post-Second World War era, has
        FT  -  660 words
    • SPORTS
      • Article
        Facsimile may give Soap Opera the slip
        490 20  -  ON TRACK By Jerome Fandor TOMORROWS Kelang Silver Bowl adds a little glamour to an otherwise humdrum final weekend of racing at the current Selangor race meeting. The Silver Bowl is one of two races for Class 2 horses to be run over
        490 words
      • Article, Illustration
        Aussie Fromberg beats top-seeded compatriot
        543 20  -  The night of long knives at Kallang By A Surendren IT WAS so close to being a night of long knives in the Epson Singapore Super Tennis tournament at Kallang yesterday. Leading the knifing was Richard Fromberg, Who knocked out Wally Masur, his top-seeded compatribt
        543 words
      • Article, Illustration
        Lock icon A Puerto Rican favourite returns
        378 20 AP LAZ BARRERA already is a Hall of Fame trainer in the US, Cuba and Mexico. Puerto Rico likely comes next. The 65-year-old Barrera will saddle Mister Frisky for today's Kentucky Derby as a close second choice of the odds-makers but as the favourite of
        AP  -  378 words
      • SIDE LINES
        • Article
          Krickstein ousted by 69th-ranked Czech
          120 20 AARON KRICKSTEIN of the US and Carl-Uwe Steeb of West Germany became the latest seeded players to fall at the BMW Open men's tennis tournament, losing in the second round on Thursday. Krickstein, seeded second, was ousted 6-2, 7-6 bv 69thranked Czechoslovak Karel Novacek. Steeb,
          120 words
        • Article
          Madrid claims another ace
          109 20 THIRD-SEEDED Emilio Sanchez Vicario of Spain became the second top player to fall eariy at the 19th Madrid Gran Prix Tennis tournament on Thursday, losing to Marc Rosset of Switzerland 4-6, 6-4, 6-4 in the second round. Andres Gomez of Ecuador, seeded second in the U*****,000
          109 words
        • Article
          Navratilova's clay flair
          128 20 MARTINA NAVRATILOVA found her form on day and breezed past Isabel Cueto of West Germany 6-2, 6-2 on Thursday to reach the quarter-finals of the U*****,000 Citizen Cup women's tournament. The 33-year-old American, ranked second in the world, produced a contrasting display to her opening match on
          128 words
        • Article
          1.3b viewers for World Cup
          97 20 NEARLY 1.3 BILLION TV viewers in 170 countries are expected to watch the World Cup final "live" from Rome on July 8, with TV audiences of nearly half a billion for each of the 51 matches. "For art event that is being shown at the
          97 words
        • Article
          Uwe Raab breaks away
          92 20 EAST GERMAN sprint specialist Uwe Raab won the 10th leg of the 45th Tour of Spain cycling race on Thursday, breaking away from the main pack in a dash for the finish line. There were no changes among the top riders in the general standings of
          92 words
        • Article
          Minnesota big sweep
          84 20 GARY GAETTTs two-run homer in the 10th inning on Thursday gave the Minnesota Twins a 3-1 victory over the Detroit Tigers and a sweep of their three-game series. Kirby Puckett started the inning with a walk. Gaetti, who had a pair of three-run homers on Wednesday night,
          84 words
        • Article
          Bucks get physical
          94 20 MICHAEL JORDAN scored 25 points and the Chicago Bulls used an aggressive body-checking defence on Thursday night to rout the Milwaukee Bucks 110-86 and clinch their opening-round play-ofT series. Chicago, which won the best-of-five series in four games, will face the winner of today's Cleveland-Philadelphia game in
          94 words
        • Article
          Capitals in Bruins
          86 20 BRIAN PROPP broke a tie with 5:22 left as the Boston Bruins scored three straight goals in the final period for a 5-3 victory over the Washington Capitals in the opener of their Stanley Cup semi-final series on Thursday night. Propp, 10m in front of the goal
          86 words
        • Article
          Moses quits drug board
          65 20 EDWIN MOSES, the 400m-hurdles world record holder, and three others have resigned from a much criticised board that oversees the US Athletics drug-testing programme. Moses, former Olympic sprinter Harvey Glance, runner Linda Sheskey and attorney Doriane .Lambelet declined to state reasons for their unexpected decision to
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    • REVIEWS
      • Article, Illustration
        Lock icon 35 years of mourning for Callas finally over
        424 21 La Traviata, back at La Scala The Economist F OR 35 years fans of the late Maria Callas have in effect prevented La Traviata, Verdi's most popular opera, from being produced at Milan's La Scala. The reason for this absurdity? Callas's Widowers,
        The Economist  -  424 words
      • Article, Illustration
        Lock icon Seurat according to Sondheim
        722 21  -  By Martin Hoyle FT WHEN IS IT going to begin? That's what I want to know," murmured a seasoned first-nighter in some bewilderment as we returned to our seats in the Lyttelton theatre for the second half. It had actually begun rather well: the curtain rises
        FT  -  722 words
      • Article, Illustration
        Lock icon Painting by numbers
        960 21  -  Two reviews of Stephen SondheirrTs musical portrait of Georges Seurat By Rhoda Koenig Punch TO PARAPHRASE Dorothy Parker, the love affair between Stephen Sondheim and Stephen Sondheim is one of the prettiest in the musical theme. When he began writing Sunday in the Park with George, Sondheim
        Punch  -  960 words
    • EPICURE 1
      • Article
        Sweetie-pie
        376 22  -  Quek Swee Peng scoops luxury ice-creams in between fresh fruit, canned fruit and pies Quek Swee Peng ICE-CREAM, like the film Star Wars, might have been originally created for children. But the dessert has now drawn into its creamy web of pleasure even the more calorieconscious of consumers. In
        376 words
      • Article
        S'pore still lagging in holistic medicine
        974 23  -  Richard Seah explains why he is disappointed with last Saturday's public symposium on health Richard Seah The writer is editor of The Good Life, a health magazine. THE GOOD NEWS was summed up in the theme of last Saturday's National Convention public symposium: Your
        974 words
      • Article, Illustration
        The Trimbach style: elegant and austere
        827 23  -  Trimbach may not be the biggest of Alsace producers but it is one of the most famous. N K Yong takes a look at why Trimbach wines command the highest respect N K Yong The personality of the wine-maker or producer imprints itself on
        827 words
      • Article, Illustration
        Applying the Devil's Coup
        518 23  -  BRIDGE By Sybil Holloway THE BRITISH AUTHOR, Victor Mollo, successfully blends instructions with entertainment in his bridge books and his textbooks for beginners and intermediate players. His techniques for dummy play and defence provide a good guidance to the correct play of the hands, which at
        518 words
    • PERSONAL FINANCE & INVESTMENT
      • DONT QUOTE ME!
        • Article
          Trump drives a hard bargain
          84 24 AS IF building the largest and most expensive yacht in the world is not ostentatious enough, American real estate and casino magnate Donald Trump has bought a small Dutch shipyard to ensure that it completes his new 42-foot pleasure craft on time. Known for a
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        • Article
          Pizzas a hot item — in prison
          136 24 Pizzas a hot item in prison PIZZA HUT must be doing a great job selling its 'mouth-wa-tering' pizzas. Prisoners at a maximum-security prison at Bathhurst Jail west of Sydney recently went out of their way to order some 300 pizzas using a phone in a cellblock office. According to an
          136 words
        • Article
          The best is not good enough
          64 24 WORKERS at the Rover Group's main car plant in Birmingham recently rejected a package to reduce their working week to 37 hours, in return for introducing 24-hour operation at its Longbridge plant and taking on 1,200 new staff. This was despite their own union
          64 words
      • Article, Illustration
        Lock icon A contrarian called Dr Doom
        976 24  -  Marc Faber, otherwise known as Dr Doom, the former managing director of Drexel Burnham Lambert (HK.) Lta, gives his unorthodox views on Asian stock markets in an interview with Andrea Borch. Andrea Borch TO MARC FABER, Asian stock markets look like a field through which
        Photo by Alphonso Chan  -  976 words
      • Article
        Warrants: premiums and gearing
        613 24 Prtcoa (aa at 4.3.90) Conversion term* SSSSSm e *P l, T- Amount OpOotmr udag Company ,MU 1 WrtM L I Data Mttlt (m unite) Conv Exar nom Caah Caah' Lnattr ratio prtoa valu* s* t CKTang 16.9 1.760 4 260 1.00 2.25 -6 2.42 31.5.90 ~1
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      • Article, Illustration
        Market looks set to continue rally next week
        351 24  -  CHART By Najeeb Jarhom Najeeb Jarhom is research manager of Fraser Roach Research THE LATEST correction on the Straits Times Industrials Index has more similarities to the August 1988 downturn than the sharp falls of June and October last year. The swift
        351 words
      • Article
        Lock icon S&P 500 Stock Index options benefiting from 1987 crash
        544 24 Reuter OPTIONS on the Standard Poor's 500 Stock Index are thriving, benefiting from harsh lessons investors learned in the October 1987 stock market tumble. Volume in the Chicago Board Options Exchange's (CBOE) instrument has vaulted above pre-crash levels, while other stock
        Reuter  -  544 words
      • Article, Illustration
        Swiss franc poised to rise further
        572 25  -  The Swiss franc, Canadian dollar and West German mark are three foreign currencies which have managed to hold their own against the mighty Singapore dollar. BT takes another look at these three currencies. By Alvin Tay rTHE SWISS franc grabbed the limelight on world
        572 words
      • Article, Illustration
        Lock icon Wide rate gap still luring investors to Canadian $
        571 25 Wide rate gap still luring investors to Canadian Reuter A WIDE interest rate advantage is expected to keep the Canadian dollar alluring to investors disenchanted with the US dollar, the mark and the yen, traders said. Canada's currency has been stable or has gained strength against most major currencies as
        Reuter  -  571 words
      • Article
        Property income: what's taxable and what's not
        489 25  -  TAXING By Damian Hong Damian Hong is a tax principal with an international accounting firm WHEN you make an investment in real estate, be sure that you are able to explain the sources of funds used in the financing of the acquisition. Otherwise,
        489 words
      • Article, Illustration
        Lock icon UK stocks may yet recover towards the year's end
        751 24 Reuter THE UK stock market may stage a recovery towards the end of 1990 from its current five-month lows if inflation falls from its expected summer peak, offering the possibility of lower interest rates, analysts said. Any forecast of where the
        Reuter  -  751 words
      • Article, Illustration
        German mark looks set to strengthen in the long run
        1167 25  -  By Prof Norbert Walter Prof Norbert Walter is chief economist of Deutsche Bank THE TWO TOPICS which dominated the agenda of the G-7 meeting of finance ministers and central bank gover- nors in Paris early last month are still holding
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    • EXECUTIVE JOBS
      • Article, Illustration
        Scholar, Soldier, Director, Dad
        770 26  -  Former SAF bigwig Gan Juay Kiat explains the difference between making money and making war to Martin Soong Martin Soong MY training for the job?" asks Gan Juay Kiat. "Thirteen years in the SAF," he rumbles in an exaggeratedly low and officious voice, and brings a
        770 words
      • Article
        Easy for firms to fill entry-level officer positions
        394 26  -  By Teh Hooi Ling BANKS, accounting firms and some big employers in Singapore seem unscathed by the tight labour situation here at least for entry-level officer positions. With about 6,600 fresh graduates from the National University of Singapore (NUS) and Nanyang Technological
        394 words
      • Article
        Lock icon Rewards and risks of international mobility
        740 26  -  By Michael Dixon FT HOW will pay change if high-grade workers become increasingly mobile across national frontiers? When the question was put to a recent seminar of pay-system managers, the answer that won most support betokened a certain cynicism about the chiefs who employ
        FT  -  740 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        316 26 David Soh has been appointed Singapore country sales manager for Silicon Graphics' Asean-India headquarters here. He will be responsible for the company's simulation, CAD/CAM, CAE, general scientific research, animation, media, and textile business. Prior to joining Silicon Graphics, Mr Soh was district sales manager of ASK Computer
        316 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1002 27 City Flight ETA Flight ETD Aba Dhabi GA976 0010 AMaUi SQ226 2035 QF81 2105 Amsterdam SQ23 1350 KL838 2115 KL837 1430 SQ24 2200 Mmn QF16 1820 rill rill in li TE25 1610 TE28 1730 SQ338 1925 J BA12 2200 QF10 1845 QF5 2230 f nn<|- 1
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    • THE TRAVEL PAGE
      • Article, Illustration
        Dinosaurs come alive at Smithsonian
        654 27  -  LETTER FROM WASHINGTON By Robert C Siner FOR 200 million years dinosaurs were the lords of the earth. Then, virtually overnight, they were gone. Now they're back roaring, squealing, rending their prey in "Dinosaurs Alive and in Colour" at the Smithsonian Museum of Natural History.
        654 words
      • Article
        MONEY CHANGER RATES
        152 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4020 1.4220 Canadian dollar 1.5920 1.6120 NZ dollar 1.0610 1.1010 Sterling pound 3.0600 3.0800 US dollar 1.8730 1.8830 Local dollars to 100 units of foreign currency Austrian schilling 15.40 16.40
        152 words
      • Article
        WORLD TRADE EXHIBITIONS
        129 27 Duration Title Venue Organiser Apr 27 May 10 International Fair Printing and Paper West Germany Dusseldorfer Messegeseltschaft mbH Nowea (49)211/*****1 Apr 28 May 6 *90 Spring Fair Austria Grazer Messe Indernational 316/8088-0 May 2-9 •90 Hanover Fair Industry Germany Foir de Hanovre CeBit (49)511/89-0 May 4-13 •90
        129 words
    • TIME OFF
      • Article, Illustration
        EXHIBITIONS
        382 28  -  Compiled by K Jayanti Our Heritage An exhibition by Harold Ong featuring drawings and paintings in ink, watercolour and charcoal drawings of scenes and place, of old Singapore. The Boat Quay, Chinatown. St Andrew's Cathedral ano the Singapore waterfront are recaptured in their former splendour. Venue: Delia Butcher Gallery,
        382 words
    • Article, Illustration
      CINEMA
      444 28 A Terra-Cotta Warrior. A Mandarin comedy-adventure about a love story which spans 3,000 years. He is the reincarnation of a clay warrior, while she used to be a handmaiden. They both crash-dive into his ex-boss's mausoleum and die again. Shot in Hongkong and China, it stars the director of
      444 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      126 17 o a s a "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." j OMEGA. The watch that records the world's significant moments. At the Olympic Games. In outer space. And exclusively for you. Jk -£m 2
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  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      35 18 POONESBURY i IT IS HOtU MY PRIVILEGE TO I CHOH.HO*&,LErS6eTX) SK. MMTV NOTHN69KHL. CITIZENS OF PANAMA I WHAT YOUHfiNZBUILIH&ZIS SHEKEL NOTHIN6 SHORT OF FANTASTIC I POUHPIN6 FATHeXS THIS WW MY OWN EYES t -/OB? j
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      191 22 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... a i ertising is fay word-or-mouth. gft PP^ For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations, *****100r338 8585ext *****/6. FALM GRILL T-""""-"'^^^ Westin
      191 words
    • Advertisement
      Page 22 Advertisements Column 2
      316 22 f ouimeGs 1 TAnFORNiA^uBIwr" J TOO LATE FOR BREAKFAST? >sjb TOO EARLY FOR LUNCH? CALIFORNIAN 1 BUFFET J BRUNCH DELIGHTFUL HOT AND COLD DISHES A JAZZ r flv BAND TO PUT YOU IN A MERRY morning 1/ MOOD. EVEN A LEGO PLAYGROUND 1- NEXT DOOR FOR THE SMALL ONES. I
      316 words
    • Advertisement
      Page 22 Advertisements Column 3
      210 22 Horfft gotrtG Inbim []f~ o o d F st 1 1 15 May Lunch Dinner Only Adults: $16.00++ Children below 12: $10.00++ t^p^l under the stars Our deejay will spin numbers to suit all ages and moods. So come and dance the night awavl There's no cover charge. Only bar
      210 words
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      Page 22 Advertisements Column 4
      320 22 Italian I At noon, Italian gourmet cuisine takes centrestage. Salmone 'Bella Vista' and 60 other f authentic favourites. All skilfully prepared and f dressed to perfection. (f For lunch today, break for an Italian interlude. s Italian Buffet Lunch i May 1 31, Noon 2.30pm fj C Adult: $36++, Child
      320 words
  • Page 22 Miscellaneous
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  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      192 23 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. VVUB SUNDAY munch 11AM TO 2 30PM iflfc ADULTS t- $31.00+ KT" T- CHILDREN $i9.oo*+. Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and children. A@
      192 words
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      Page 23 Advertisements Column 2
      193 23 Traditional Refined Sushi AOYAMA O-ZUSHI J//KMV L •P A ■MMpn Enjoy traditional refined Sushi in the cosy ambience of a wood-panelled Japanese Inn. Our chef s recommendations from the 5 day's selection should not be missed! o L KING'S-^' 5 J >\ > Hont>sncMQii 'JJWII /r Alt manner of Teochew
      193 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      101 25 4.25% p.a. I I DAILY INTEREST! I l 4 I Hong Leong Finance SO, to n( out a^°u^our I ■B and Singapore Finance now offer new Fixed Deposit rates, please call IH you 4.25% on your Savers Plus Daily iJ LiJ I§] at 222 5544/222 8844 H Interest Account. We
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  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      202 26 Banking, Finance 8e Insurance Supplement 1990 Banking, Finance and Insurance Supplement, Business Times's biggest and most established annual supplement, is here again. The theme of this year's bumper issue, scheduled to be published on May 24, 1990, is Financial Sector Leading Singapore into the 90s. The financial services industry was
      202 words
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      Page 26 Advertisements Column 2
      30 26 Blow AGasket Without Blowing Your G>ol. 1 only $4.50 How to look after your car covering every popular make and model. Available weekly at major bookshops and news-stands STP Distributors
      30 words
    • Advertisement
      Page 26 Advertisements Column 3
      233 26 DHL IN THE NEWS Advertisement mi iotAIICDC' Ol IDDADT DHL was also the proud recipient of the UUO I UMCnO DUrrV/ill first-ever National IT Award 1990, presented by the National Computer Board. DHL emerged winner DRIVE DHL TO WIN inthePrivateSectorfromatotalofB4nominabons received. DHL was given the award lor its strategic A
      233 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      59 27 W A The busineu prtTon'i choke every Tuevlay, m I 111 V\ g g Thunday, Saturday and Sunday. Leaving Changi I I I l\ M Airport at 21M Sours and arriving at OHirt I I V m International Airport the following day. Call your travel agent or Ait Canada at
      59 words
    • Advertisement
      Page 27 Advertisements Column 2
      84 27 could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European merger. FOCUS zooms in on the news and jL issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      174 27 nitary's office (9) YESTERDAY S SOLUTION 2 Engineers turn to withdraw 4 ft is assumed by one who i$ out of this world (5-4) wa 15 Ra on gfamed .o for the doctor (6) meet expenses (9) ■*W L H! IB R illß°li^lK 4 Magnificent in an uncom- MLIuILILIAIBI lIEISMH
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    • Miscellaneous
      Page 27 Miscellaneous Column 2
      212 27 Singapore Outlook: Showers over several areas in morning and early afternoon. Report: Max temp. 27.9* C Assoc humidity 85% Min temp 23.3* C Assoc humidity 98% Hrs of sunshine 0.05 Rainfall in mm 58.0 Rainfall this mth 71.9 Rainy days this mth 2 World forecast Asia-Pacific Hi/Lo* C'ond. Auckland 18/12
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    • Miscellaneous
      Page 27 Miscellaneous Column 3
      20 27 Tueße it is -Thc Cwesre.e-f^cßy Building.a or modw Clr ritfP rfcL constßucton of e EVENING STANDARD CO. LTD IKMMO 6I»»A
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      1544 28 TODAY'S TV 1.40 Berhibur Bmama. The Saracen, Bpm, TVI When a TV crew is abducted •jr A western by terrorists, Saracen is hired k 3.30 Agricultural Programme about how the future of a to negotiate with the kidnap- town |r Jfiilfev 4.30 Aran Prayer Call. embittered man reforming Backstage, 9pm,
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    • Miscellaneous
      Page 28 Miscellaneous Column 2
      674 28 Lady Be Good, Mon, 10.30pm, when a Good Friday holiday SBC 12 turns into a nightmare for A husband-and-wife song- But li s no writing team finds success on forgot to go to church. RathBroadway. But when hus- er > double-crosses, a murder band becomes conceited, his betrayals spdl the
      674 words