The Business Times, 2 June 1990
1990-06-02
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The Business Times
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Title Section11 1990-06-02 1 Business Times MCI (P) 170/12/89 Weekend Edition, June 2-3 1990 75*11 words
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Article, Illustration29 1990-06-02 1 Friday Change BT-MGA 794.87 -0.91 Kuala Lumpur ...586.54 +2.67 Hongkong ..3,159.17 +26.85 Tokyo 32,891.12 -239.68 Sydney 1,514.0 +3.4 Thmday Change New York ...2,876.66 -1.90 London ...2,345.10 -1.1029 words
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Article24 1990-06-02 1 Exchange rates uss SSI 8525 Yen (100) SSl 2171 M$ SSO 6848 Money market rates Overnight 6 1/4 3/4 3-month 7 7/8 1/824 words
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Article35 1990-06-02 1 PM fix US$363.45 +0.40 S'pore July.. M'sia July 158.75 */kg 230.50Vkg 1.25 unch KL Tin Turnover Spot 56 tonnes MSn.OO/kg -35 -0.02 Crude palm ott futures Turnover 313 lots June MS676 /tonne -512 -135 words
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446 1990-06-02 1 Conrad Raj - By Conrad Raj KIM ENG Holdings, the listed parent of leading local broker Kirn Eng Securities, has picked Sinar Mas, one of Indonesia's largest conglomerates, as its partner in a stockbroking and merchant banking venture in Jakarta. The proposed venture will have446 words
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417 1990-06-02 1 Margaret Thomas - From Margaret Thomas SINGAPORE took a step towards stronger cultural and scientific links with West Germany on Thursday when the foreign ministers of the two countries signed a cooperation agreement. The agreement, signed by Singapore's Foreign Minister Wong Kan Seng and his West417 words
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318 1990-06-02 1 THE Singapore dollar is expected to go up by 2 to 3 per cent a year against the US dollar, without interest rate support, Prime Minister Lee said yesterday at a meeting with German business executives. He said he would318 words
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177 1990-06-02 1 Reuter UNEMPLOYMENT in May slipped back to 5.3 per cent after a 5.4 per cent rate the prior month as new factory jobs continued to shrink, the US Labour Department said. The number of new jobs created outside the farm sector was aReuter - 177 words
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367 1990-06-02 1 Lilian Ang - By Lilian Ang TENTATIVE plans for restarting Singapore's petrochemical complex on Pulau Ayer Merbau have been sketched out, just two days after a gas leak brought to a halt production work on the island. Mr Leo Van Kooten, deputy managing director of367 words
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82 1990-06-02 1 READERS will get a free copy of Singapore Business magazine when they buy the June sth edition of the Business Times. Next Tuesday, each copy of the Business runes dropped off at the doorstep, delivered to the office or sold oa the newsstand win82 words
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Page 1 Advertisements
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Advertisement349 1990-06-02 1 r Nikon Tho Wtovld's Rnoot Photographic Syotom. COVER INIQNS frontier. Denmark II I Stop raping EL 1 I ra n^orests L NEWS Dow Jones higher The stock market ran up a broad gain yesterday morning as traders responded to new evidence of a weaker-than-ex-pected American economy. The Dow Jones average349 words
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Advertisement13 1990-06-02 1 Don't miss BT's Global Strategies '90 Supplement. FREE with Business Times on Monday.13 words
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Advertisement24 1990-06-02 1 PURSUITS ft PURSUITS The genre t** S?1l7 ri.™j»k«..™ fl A jazz player (jlyndebourne with a EL difference. EL 7 Asia's business potential, Pg 1624 words
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Advertisement167 1990-06-02 1 Nikon JOBS FINANCE Jennie Chua: Big money in Indon Maternal pulp. EL 9 management German mark SK'Hotel, expected to hold weU. EL 8 As soon as you selves as connoisseurs. m enter The Hour Class connoisseurs And our customers F O R COLLECTORS Timeless value from Rolex... and The Hour167 words
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HOME NEWS
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NEWS ROUNDUP
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118 1990-06-02 2 MALAYSIAN officials have come to Singapore to study the latest in "intelligent" building technology. A 17-member delegation, led by the director of the Malaysian Planning and Building Control Department, V M Raja Datuk Mohd Ali bin Raja Osman, will meet Singapore officials from the Urban118 words
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Article85 1990-06-02 2 TRADERS and the public can now make use of the telephone to obtain specific information relating to various Customs services, through a voice digitisation system implemented by the Customs and Excise Department. By dialling the number 272-5161, the caller will be put through to the Customs Tete-Info-Phone-Services85 words
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Article58 1990-06-02 2 SOME 120 delegates are expected to attend an International Business Symposium on June 8, organised by British disk-drive maker Rodime. Talks will be given by Rodime's senior managers on the company's business culture and future plans. Participants will later be shown around Rodime Singapore's factory at Kampong58 words
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Article87 1990-06-02 2 BY POPULAR request, the Port Authority of Singapore (PSA) is bringing back its radio song programme Port View, and extending it into an hour-long session instead of just 30 minutes when it was launched earlier this year. The programme will be aired every Sunday afternoon87 words
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Article54 1990-06-02 2 THE Singapore Tourist Promotion Board is sponsoring a 24-member crew to take part in the two-day Hongkong Dragon Boat Festival Men's International Race starting today. The crew, which has been training since January, recently won the International Plate event in Singapore during the World54 words
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Article, Illustration316 1990-06-02 2 Phang Hsiao Chung - By Phang Hsiao Chung TURNOVER of prefabricated building components hit $510 million last year, and is expected to grow by 25 per cent or more this year. These figures were given by the Construction Industry Development Board (CIDB) yesterday, at the opening of Ramco-YKK'sSource: CIDB survey - 316 words
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349 1990-06-02 2 RAMCO-YKK, a local engineering design and construction firm, is set to spread its wings further in this region. The company, controlled by the YKK group of Japan but with local equities, saw turnover shoot up by 40 per cent to $13.64 million349 words
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299 1990-06-02 2 HOME-GROWN entrepreneurs are capable of producing world-class products to compete overseas, said Minister of State for Trade and Industry Mah Bow Tan yesterday. Mr Mah gave this assessment of export-oriented local enterprises after ending his first series of company visits, organised299 words
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SHIPS IN PORT
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Article510 1990-06-02 2 Voy No Berth Arrival Hajppgl nummi Andnet 19W8 Bel Abbes 2/90 Chen Yang 02 Dona Akjo 4 Fup Maru 56 (P) Had Ba* 2/90 Kota Megah E 851 Posyet 2/90 Qwgrong 9001 Ya Tear 02 Yea Yang 02 Andnet 19WB Arktos 02A03 Eaperanza Ac 8 Toukwr 3510 words
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Article249 1990-06-02 2 EXPORT FCL CONTAINERS AND LCL CARGO Voy No An Date Tm Trarataner Schedules From To Book fig Gate 8* Op Gdn At Glory ***** 0406.90 0800 02/1800 03/0500 02/1929 03/0529 Portnet NA 2 2 N3 00 F05 B Dahka 103 *****0 0700 02/1730 03/0130 02/1759 03/0159 Portnet NA249 words
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Article1106 1990-06-02 2 Voy No Arr Date Fran To Boafaf Gate Gtto iafte Wind 065 03 0690 0700 02/1215 02/2230 02/1130 02/2200 02/1244 02/2259 02/1159 02/2229 Portnet Doc Rm Portnet Doc Rm 2 2 2 2 P4 R4 00 F01 Fong Shm 9013 05 06 90 0700 02/2000 02/2029 00 F01 H CegKtski1,106 words
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Article316 1990-06-02 2 Port Umtg South Port Capetan Mchaks berth 3: Hong Soon I berth 4; Trans Bulk berth 7. Swee Ann Satu berth 7A KCT: Swadaya berth 9 North Port Dade berth 11; Bangkhuntetn berth 12; Ryokoh I berth 13, Jiang Mnn berth 14; Bangkapaew berth 16; Glory Selatan316 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration626 1990-06-02 3 Reuter MALAYSIAN businessman Lim Thian Kiat (TK Lim) has failed in his attempt to sell of! a large property belonging to Magnum Corp, to his family-controlled company Kuala Lumpur Land. This latest development could torpedo his plans toReuter - 626 words
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245 1990-06-02 3 Bernama KILLINGHALL (Malaysia) Bhd has announced proposals for a one-for-two bonus issue and a nine-for-10 rights issue of M 570.56 miUion 5 per cent irredeemable convertible convertible unsecured loan stock (CULS). KiUinghall said the bonus issue was intended to increase its capital base in lineBernama - 245 words
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Article132 1990-06-02 3 MultiPurpose cuts stake Bernama MULTI-PURPOSE Holdings Bhd said yesterday that as a result of the disposal of Mulpha International Trading Corp Bhd (MITC)'s shares between Sep 8 last year and May 28 this year, its stake in MITC has been reduced to 9,789,800 or 6.28 per cent. Replying to aBernama - 132 words
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257 1990-06-02 3 Bernama MALAYAN UNITED Manufacturing Bhd (MUM)'s associate company, Pan Malaysian Cement Works Bhd, is to apply to the Ministry of Trade and Industry for approval to upgrade its cement production facilities in Rawang and Kanthan, Perak, at a cost of between MS4O millionBernama - 257 words
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Article, Illustration325 1990-06-02 3 MARKET TALK Reuter FOREIGN INVESTORS, largely absent for almost a year, have returned to the Hongkong stock market after pulling out in the wake of the bloodshed in Beijing on June 4 last year. Two weeks ago they began light buying and this weekReuter - 325 words
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405 1990-06-02 3 NST SEVERAL minority shareholders of Ganda Holdings Bhd have protested over a move by their company to sell its wholly-owned subsidiary, Concord Papers Industries Sdn Bhd, for MS 5.1 million to Samanda Holdings Bhd The shareholders were believed to have opposed the proposed saleNST - 405 words
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299 1990-06-02 3 Elaine Koh - By Elaine Koh HOTEL Plaza Ltd, the hotel arm of United Overseas Land, will launch its public offer of 100 million shares on Monday, after a restructuring which has made it a $200--million company. UOL will still hold 75 per cent of HPL299 words
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362 1990-06-02 3 Bernama TRONOH MINES (M) Bhd's proposed acquisition of a 20 per cent equity interest in Australian gold mining company Pioneer Minerals Exploration Ltd is expected to be completed before the end of its current financial year. Tronoh and MMC have agreed toBernama - 362 words
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Page 3 Advertisements
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Advertisement231 1990-06-02 3 JwE«| Th« University Melbourne Postgraduate Diploma in Management Studies: 1991 A nine-month full-time course which covers the major disciplines of management. Suitable for junior managers or technical people from any discipline who wish to move into management. Tuition Fee $A 13.140 (Accommodation, textbooks, Government charges are additional.) Candidates must have231 words
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COMPANY NEWS
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COMPANY BRIEFS
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78 1990-06-02 4 THE ADELAIDE STEAMSHIP Co Ltd is offering 35 Australian cents a share for the 47.7 per cent it does not already own in Pioneer Property Group Ltd. The offer values Pioneer, which last traded at 32 cents, at A 525.59 million. Pioneer is78 words
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Article83 1990-06-02 4 The British Coal Pension Funds said it had 35.24 per cent of Globe Investment Trust pic and was extending its hostile 1 billion offer to June 18. The Funds said by the first closing date of the offer, May 31, it had received acceptances for 1.2483 words
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Article85 1990-06-02 4 JARDINE MATHESON Holdings Ltd has completed acquisition of the US insurance brokerage firm Financial Guardian Group for US$27 million. Under the acquisition, Jardine's US insurance broking unit Jardine Emett and Chandler will buy all outstanding shares of Financial Guardian for US$ 11 each, totalling about US$2785 words
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Article93 1990-06-02 4 BRITISH-BASED Virgin Group and Japanese retailer Marui are forming a joint company to open a Megastore in Tokyo this autumn, the Financial Times reported. Marui, one of Japan's largest retail chains, and Virgin, owned by British entrepreneur Richard Branson, were considering opening up to 1893 words
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Article98 1990-06-02 4 SWISS FOOD COMPANY Hero Conserven Lenzburg said a newly formed subsidiary, Hero Foods (UK) Ltd, has bought a 61.3 per cent stake in Britain's Rayner Co Ltd. It did not disclose terms. Rayner produces and distributes sauces, syrups and tofu products, as well as flavourings98 words
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Article76 1990-06-02 4 MITSUBISHI Corp said it will buy about 3 per cent of MD Foods International A/S, a Danish dairy investment company. Mitsubishi will spend a total of 740 million yen to buy snares and convertible bonds in the company, which is capitalised at 355 million Danish76 words
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Article, Illustration357 1990-06-02 4 Reuter BAT Industries pic has sold its car components business Eurotec to Kloeckner-Werke AG of West Germany for £155 million including debt repayment. The sale of Eurotec is part of BATs restructuring programme whereby the company will focus on tobacco and financial services.Reuter - 357 words
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Article, Illustration551 1990-06-02 4 Reuter SRI LANKA's plans to privatise state enterprises are gathering steam, and the public will soon be offered shares in companies ranging from textile mills to a restaurant, officials say. Privatisation, which the government calls "people-isa-tion", is a major part of wide-ranging economic reformsReuter - 551 words
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182 1990-06-02 4 Reuter LION Nathan Ltd is seeking bids for its Woolworths and Deka retail operations in New Zealand. Chief Executive Doug Myers said in a statement yesterday they would be sold only at prices the brewingbased company believed to be realistic. Lion had mandated AucklandReuter - 182 words
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Article280 1990-06-02 4 Reuter THE Rank Organisation pic is making an all-share offer for Mecca Leisure Group pic which valued it at £512 million. Rank said it was offering 90p in new Rank ordinary shares for each Mecca ordinary share and 75p in new Rank convertible preferenceReuter - 280 words
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366 1990-06-02 4 NYT THE US Securities and Exchange Commission has approved a pilot plan to allow 100 stocks now traded in the over-the-counter market to be also traded on four exchanges, including the American Stock Exchange. The programme is expected toNYT - 366 words
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690 1990-06-02 4 Reuter NEW ZEALAND institutions, tired of waiting for an economic upturn, will keep a lid on share prices before the next general election later this year despite overseas demand for market leaders, share analysts said. "Most local institutions are heavily weightedReuter - 690 words
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460 1990-06-02 4 Reuter TROUBLED advertising agency Saatchi and Saatchi Co Pic is unlikely to pay a dividend this year and as Tuesday's half-year results approach the future of the group is poised on a knife edge, share analysts say. "Both interim and final dividends areReuter - 460 words
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Page 4 Advertisements
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Advertisement25 1990-06-02 4 i/XTRAI/iA Cargo ENTERPRISES PTE. LTD. CRNKRAI. RFPRFSFNTAnVI- FOR r Air Canada Cargo 228, SATS AIRFREIGHT TERMINAL, AIRPORT CARGO COMPLEX SINGAPORE 1781. TEL: *****30 TELEFAX: *****7525 words
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FINANCIAL NEWS
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Article, Illustration402 1990-06-02 5 Quak Hiang Whai - By Quak Hiang Whai LOS ANGELES-BASED Security Pacific National Bank expects its Singapore operations to become more important as trade and capital flows between Asia and California grow "regularly" this decade, the bank's visiting chairman said yesterday. Mr Robert Smith, who is also the402 words
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393 1990-06-02 5 Reuter INTERNATIONAL oil trading, firms and local traders have all expressed strong support for the June 21 launch of the Singapore International Monetary Exchange's (Simex) Dubai contract, the Simex president said. L"Our top priority now is to get our Dubai contract out and runningReuter - 393 words
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350 1990-06-02 5 LEADING FRENCH insurer AGF International, which has been in the news lately over its failure to buy a 50 per cent stake in a Singapore general insurer last year, has purchased a 30 per cent stake in MBA Life Assurance Sdn Bhd350 words
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419 1990-06-02 5 FT THE PROSPECT of the first competitive bid between Western companies for an East German concern emerged yesterday with the announcement of a challenge to a bid by Allianz, Europe's biggest insurer, to gain a hold on the embryonic East German market. Colonia, WestFT - 419 words
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651 1990-06-02 5 Bernama RISING interest rates for deposits in Malaysia have put pressure on banks to press for an upward review in the base lending rate (BLR) which has been at a 20-year low for almost two years. The Malaysian authoritiesBernama - 651 words
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178 1990-06-02 5 WANG COMPUTERS, in a new strategic switch, has launched a variety of wholesale and international banking application systems in Singapore, Malaysia and Indonesia. The new packages, aimed at financial institutions around the region, is a result of a strategic decision taken by178 words
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SMALL CHANGE
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98 1990-06-02 5 FOR the second time in about two years, another senior officer of the Monetary Authority of Singapore (MAS) has left the de facto central bank to join Tat Lee Bank. Mr Chua Phuay Hee, who has been with the MAS for 10 years,98 words
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Article72 1990-06-02 5 LIM Yong Wah has resigned as chairman of the Insurance Corporation of Singapore with effect from Thursday. He has been replaced by Mr Tan Boon Teik who is the chairman of Singapore Petroleum Co and Singapore Refining Co. Mr Tan has been a director and deputy72 words
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Article38 1990-06-02 5 JAPAN'S external reserves rose US$533 million from the month earlier to U5573.56 billion at the end of May, the Japanese Finance Ministry said. Reserves had dropped US$472 million the previous month to U5573.02 billion.38 words
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Article87 1990-06-02 5 THE Malaysian government will repay the Ms2l7-million callable loan stock which it issued in 1975 at an interest rate of 8 per cent at the end of November this year. Banking sources said the government had been repaying the loan stocks which it issued at87 words
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Article63 1990-06-02 5 SOUTH Korea is considering making a US$4 billion loan to the Soviet Union in a move to expand budding economic relations between the two countries. The Hankook llbo newspaper, quoting unidentified government sources, said the Soviet Union has requested US$5 billion at low interest rates,63 words
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Page 5 Advertisements
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Advertisement45 1990-06-02 5 ANNOUNCEMENT BUSII^ESS Buy a copy of Business Times on 5 June and get a copy of Singapore Business FREE. YOU COULD GET V •Ch ivas Regal k plus lucky draw prizes Fop Enquiries, Please Call Tel: 255 0011 (Circulation Dept) 740 1280/740 1841 (Customer Services).45 words
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Page 5 Miscellaneous
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THE REGION
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454 1990-06-02 6 Reuter THE inaugural summit of the Group of 15 developing nations harshly criticised Western liberal democrats on Friday and asked rich nations to consider writing off some third world debt. "There is a fear that democracy has become the kind of religion thatReuter - 454 words
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376 1990-06-02 6 THAI Prime Minister Chatichai Choonhavan is expected to inform his American counterparts when he visits the US next month that a planned Thai-US sheet glass plant, derailed last year by an Industry Ministry ban, could be open within three years. The multi-billion376 words
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348 1990-06-02 6 A CHINESE tourism group, the Pan Pacific Wuxi Grand Hotel, is currently visiting Thailand the first, official visit by a tourism operator from China since the two countries established formal tourism ties earlier this year. The Nation reported. The group led by348 words
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308 1990-06-02 6 THERE IS no need to revise the estimate of Hongkong's economic growth as it only increased marginally in the first quarter, according to Financial Secretary Sir Piers Jacobs. Although local inflation seemed to have edged up slightly recently, the increase would not308 words
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250 1990-06-02 6 THE THAI BUDGET office has slashed 500 million baht from the aviation department's proposed 1991 budget, delaying most of. its development or upgrading plans for provincial airports. But projects commenced in the 1990 fiscal year will continue, The Nation reported on Thursday.250 words
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NOTE BOOK
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Article69 1990-06-02 6 CAMBODIAN resistance leader Prince Norodom Sihanouk arrives in Japan today for two days of talks with Cambodian Premier Hun Sen aimed at bringing about a ceasefire between the rival governments. The talks, due to start on Monday at the Asakaka Palace in central Tokyo, are69 words
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Article82 1990-06-02 6 CANADA expects a 15 per cent increase in its bilateral trade with Malaysia this year. Trade last year totalled Msl.2 billion and was in Malaysia's favour, the Canadian High Commissioner, Garrett Lambert, said in Kuala Lumpur on Thursday. "We will work harder to raise the trade level82 words
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Article91 1990-06-02 6 TAIWANESE BUSINESSMAN Wu Mene-wu has bought the radio ship Goddess of Democracy for U*****,000, the president of the Paris-based A Boat for China Association said in Taipei. The contract was signed in Taipei by Nicolas Druz, the group's president, and Mr Wu, who runs a plastics91 words
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Article65 1990-06-02 6 THE CHINESE EMBASSY in Manila yesterday puWicly protested against the listing of Taiwan as the "Republic of China" in an official Philippine government directory. The latest incident in the touchy relations between Manila and Beijing was sparked by the inclusion of Taiwan's official name side65 words
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Page 6 Advertisements
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Advertisement163 1990-06-02 6 GdL! Soccer's premier tournament starts in Italy on June 8. The New Paper will be there for all the excitement, the action, the disappointments and the successes. Follow the World Cup. Follow The New Paper. Here's what we have for you: E FOLLOW LOW Jeffrey Low, the Voice of Singapore163 words
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THE WORLD
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522 1990-06-02 7 IHT AFTER BARING the depth of their disagreement over how to liberalise agricultural trade, ministers from the leading industrialised countries reaffirmed at the conclusion of a two-day meeting on Thursday their commitment "to bringing the Uruguay Round to a successful conclusion".IHT - 522 words
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200 1990-06-02 7 AFP THE Civil Aviation Administration of China (C A AC) has placed firm orders for 36 Boeing aircraft and taken options on another 36 in a deal worth US$4 billion, Boeing said. The 36 firm orders cover five Boeing 747-400 jumbo jets, one 747-200FAFP - 200 words
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234 1990-06-02 7 AP THE WAVE of Soviet Jewish immigration to Israel will be a boon to the nation's economy, helping to end more than two years of sluggish growth and providing a "security dividend", the head of Israel's central bank said on Thursday. MrAP - 234 words
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306 1990-06-02 7 AFP THE EUROPEAN Community (EC) has decided to use a Japanese government mediator for the first time to deal with complaints over Tokyo's non-tariff barriers to imports of EC agricultural goods. EC officials in Tokyo said on Wednesday that the European CommissionAFP - 306 words
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532 1990-06-02 7 NYT THE UNITED STATES asked Japan on Thursday to invest US$2 billion and take a leading management role in building a giant superconducting supercollider in Texas, in what would be the largest scientific collaboration between the two countries. The request cameNYT - 532 words
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Article, Illustration67 1990-06-02 7 AFP Photos Gorby-mania hits Washington as Soviet President Mikhail Gorbachev plunges into a crowd to shake hands with Americans after a meeting with US President George Bush. But it's not all smiles for the Soviet president. Mr Michail Makarenko (right), the presidentAFP Photos - 67 words
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255 1990-06-02 7 AP EAST GERMAN lawmakers on Thursday gave the government broad powers to seize land, houses and businesses controlled by the privileged elite of the old Communist government. The action effectively freezes the vast holdings of the party just four weeks before theAP - 255 words
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561 1990-06-02 7 Reuter NEW FREEDOMS easier travel, democratic voting, smoother trade abound in Eastern Europe after the upheavals of the past year, but the simple telephone call remains a nightmare. The dismal telecommunications picture is, say public and private figures alike, the singleReuter - 561 words
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WORLD WATCH
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70 1990-06-02 7 JAPAN'S annual output of products and systems using optical technology will grow more than sixfold to 16.2 trillion yen (US$ 109 billion) in the year 2000. The estimate was based on a forecast that video telephones, high-definition televisions, integrated-services digital networks and other70 words
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Article84 1990-06-02 7 THE SOVIET government is to raise pensions and benefits by stages, starting next October, to help people cope with the transition to a market economy which will involve steep price increases. A law, recently adopted by the Supreme Soviet and published in full by Pravda yesterday, said84 words
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Article65 1990-06-02 7 NORTH KOREA yesterday issued its toughest attack on Soviet rapprochement with South Korea, calling plans for an unprecedented Moscow-Seoul summit on Monday a political move against Korean reunification. "It will be a serious political issue" bearing on the division of the Korean peninsula, if Soviet President65 words
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Article67 1990-06-02 7 POLISH Labour Minister Jacek Kuron has announced plans to hold talks with trade unions on a new phase in the government's economic reform plan, but said that wage issues would be handled only by enterprises. A week-long strike by railway workers in northern Poland that67 words
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Article66 1990-06-02 7 THE EUROPEAN COMMUNITY'S environment chief has urged Britain and other EC states to agree to stabilise their output of carbon dioxide by the year 2000 to help combat global warming. Environment Commissioner Carlo Ripa di Meana said next Thursday's meeting of environment ministers would be66 words
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Article60 1990-06-02 7 THE EUROPEAN Commission has urged France to lift a day-old ban on British beef imports but Pahs said it was determined to keep "mad cow disease" out of the country. Mr Jean Nestor, chief adviser to Agriculture Minister Henri Nallet. said: "We did not take60 words
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312 1990-06-02 7 Reuter MAJOR Japanese companies have refused a Soviet request to postpone payments due for textile exports, and total Spviet debts to Japanese traders may have topped US$255 million, traders said on Thursday. But, despite unprecedented payment delays, Japanese businessmen will continue to doReuter - 312 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration930 1990-06-02 8 Abdul Hadhi - By Abdul Hadhi TRADING CONTINUED to be lacklustre on the Singapore stock market yesterday, with institutional investors hogging the sidelines ahead of the weekend. Brokers described the market as being "in slumber" and wondered if it will wake up as "everyone seems930 words
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Article3499 1990-06-02 8 1990 High Low Tel Code Company Last Sale +orVnl (TOO) Day High Low Last Quote Buyer Seller Gr's Div Dfr O Gr's YTa" Net M Cap Smil INDUSTRIAL COMMERCIAL 261 290 245 1190 290 191 165 154 980 222 a 1000 1142 1143 1602 1004 Acma Alex Hldgs3,499 words
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Article4250 1990-06-02 9 RISES (S) Main Board Semb Shipyard 750 .+25 3.4% Spore Fodder 185 12 f 6.9% SIA 200 1360 10 +0.7% DBS 1350 10 +0.7% Prima 590 10 1.7% Semb Ship Wt 300 10 3.4% MetaJock 25* 308 .+8 2.7% UOL Wt 93 128 +7 5.8%4,250 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3725 1990-06-02 10 Bernama, Reuter STOCK PRICES firmed in Kuala Lumpur yesterday on increased buying in the afternoon but closed off the day's highs due to profit-taking ahead of the weekend, brokers said. The KLSE Composite and Industrial indices showed gains with the former moving upBernama,; Reuter - 3,725 words
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Page 10 Advertisements
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Advertisement157 1990-06-02 10 ITiewedismain Weekly is like a in one issue. cx>uriy report. For other reasons, send in your subscription now. i |ii 111 iin iii 11 1 Please send Mame: Name: I Address: Address: Occupation: Occupation: Tel: Tlx/Fax: Tel: .Tlx/Tax: AIRMAIL SOBSCRIPT»OfI RATES: I I want to subscribe for months at S/USs157 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2303 1990-06-02 11 Reuter TOKYO STOCKS closed lower yesterday as pre-weekend trade grew thin toward the end of the day, brokers said. The benchmark average will stay at its present level for the near term, traders and analysts said, but cautioned that a lack of fresh marketReuter - 2,303 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2653 1990-06-02 11 HONGKONG STOCKS yesterday closed at a third straight post-June 4 high on heavy volume fuelled by overseas institutions eager to bolster their holdings. The Hang Seng index rose 26.85 points to end at 3,159.17. The Hang Seng's strength throughout the afternoon confounded2,653 words
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REGIONAL STOCK MARKETS
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4087 1990-06-02 12 evnucv STyNET AUSTRALIA'S sharemarket drifted to a slightly firmer close in dull trade yesterday, brokers said. The All Ordinaries index ended 3.4 points up at 1514.0 after trading in a narrow range. "It's been one of the dullest days for a while," said4,087 words
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WORLD STOCK MARKETS
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Article, Illustration3087 1990-06-02 13 HEW YORK US STOCK PRICES slid narrowly in late trading on Thursday as investors turned skittish in advance of the release of economic data yesterday that could show strong inflationary pressures. By the end of the day, the Dow Jones industrial average stood at 2,876.66,3,087 words
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1077 1990-06-02 13 Amsterdam May 31 Fls ABN 36.4 -0.1 Aegon 126.2 +02 Ahold 143 5 -08 Akzo 118.3 -0.4 Alrenta 154.2 AMF.V 58.2 +0.2 AMRO 72.9 +0.1 Ass. Stad 50.00 +0.5 BOLS 182.0 -5 3 89.0 Buehrman Tetterode 68.0 -0.9 CSM 83.2 +0.2 Daf1,077 words
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CURRENCY, MONEY & FUTURES MARKETS
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1210 1990-06-02 14 THE US dollar yesterday moved within a narrow half-pfennig and half-yen range in morning European trading, with traders sidelined before US May jobs data, dealers said. The data was due to be released in Washington at 8.30pm last night.1,210 words
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Article401 1990-06-02 14 Cross rates Jun 1 USS SS MS Dm Yen SFr AS NZS uss 1.8515 2.7040 1.6950 152.30 0.5954 1.4280 1.3012 1.7346 ss 0.5401 1.4604 0.9155 0.8226 0.3216 0.7713 0.7028 0.9369 MS 0.3698 68.47 0.6268 0.5632 0.2202 0.5281 0.4812 0.6415 Dm 0.5900 1.0923 1.5953 89.85 0.3513 0.8425 0.7677401 words
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Article596 1990-06-02 14 Interbank rates Jun 1 ss Bid Offer LS$ Bid Offer Overnight 6 1/4 1-month 8 2-month 7 7/8 3-month 7 7/8 Overnight mode: 6-5/16 6 1/2 8 1/8 8 8 7 days 1 mth 3 mth 6 mth 12 mth 8 3/16 8 3/16 8 1/4 8 3/8596 words
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329 1990-06-02 14 Reuter NEW ZEALAND base rates will stay at current levels of around 15.75 per cent at least until after the general election due by October, NZ bankers said. Bankers polled by Reuters were wary of predicting higher rates after a perceived tighteningReuter - 329 words
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Article106 1990-06-02 14 Reuter THE Swiss National Bank (SNB) would have to tighten monetary policy if inflationary pressure caused by German monetary union forced the Bundesbank to adopt a more restrictive line, SNB president Markus Lusser said. "If the Swiss franc's ten-, dency to strengthen oontin-, ues, weReuter - 106 words
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Article1438 1990-06-02 14 SI HEX Open High Low Sett Est Vol Opflnt Vol Jun 90 91.60 Sep 90 91.57 Dec 90 91.47 Mar 91 91.33 Jun 91 91.16 Sep 91 Dec 91 Mar 92 90.93 Jun 92 Sep 92 Dec 92 Mar 93 Jun 93 Sep 93 Dec 93 Mar 941,438 words
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COMMODITIES
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377 1990-06-02 15 Bernama MALAYSIA is to assess the situation and decide whether to continue being a member of the Association of Tin Producing Countries (ATPC) in view of the fact that leading producers Brazil and China are not members, Malaysian Primary Industries Minister DatukBernama - 377 words
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325 1990-06-02 15 Reuter SAUDI ARABIA appears increasingly irritated at how others in Opec have been slow to join it in making promised output cuts needed to erase the prevailing glut. After a strongly-worded statement a week ago by Oil Minister Hisham Nazer, industry officials sayReuter - 325 words
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822 1990-06-02 15 THE PRICE of tin on the Kuala Lumpur Tin Market (KLTM) slipped two sen to M$ 17.00 per kg after showing signs of recovery in the past two days. At the opening, there were bids of 56 tonnes against offers of822 words
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Article1301 1990-06-02 15 Jun 1 (twhietes) S cenl Int I RSS Prompt 157.50/158.50N 157.00/I58.00N Int 1 RSS June 90 Intl RSS Jury IS9.2VI59.7S 158.75/159 25N Int 2 RSS OP 153.SO/ISS.SON 153.00/155 OON Int 3 RSS OP I48 00/I5O00N 147 50/149 SON Int 4 RSS OP I44.01VI46.00N l43.S0yi45.S0N Int 5 RSS OP 1391,301 words
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Page 15 Advertisements
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Advertisement15 1990-06-02 15 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.15 words
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Advertisement654 1990-06-02 15 NOTICES Dl THE MATTES OF THE COMPANIES ACT, In the Mailer ot The Companies Act CAP. M Cap 50 AN D m the Matter otTRASINCO 7JSS^mSbT DEVELOPMENT PTE LTD ryuVpaNV PBrVvTW (In Members Voluntary Liquidation) At an Extraordinary Genera Meeting UMITED ol the abovenamed Company duly (taeaepefSSSl la ta* H*pahtte654 words
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316 1990-06-02 16 Margaret Thomas - From Margaret Thomas ASIA is moving year by year, and it is easier to get into the lift now, Prime Minister Lee Kuan Yew yesterday told business executives in BadenWurttemberg, one of Germany's best developed and most outward-looking states. "My argument is316 words
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Article234 1990-06-02 16 THE IMPATIENCE of Singapore's young workers to move up the job ladder is in a way deplorable, Prime Minister Lee Kuan Yew said yesterday. It leads to job-hopping, a problem many employers face. But, Mr Lee added, "if they're like they are in China,234 words
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Article, Illustration393 1990-06-02 16 AP Reuter SOVIET President Mikhail Gorbachev told members of the US Congress yesterday that he and President George Bush had made a good foundation for an agreement on reducing nuclear weapons. Mr Gorbachev said that Moscow had no argument with the United States retainingAP; Reuter - 393 words
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260 1990-06-02 16 Reuter CHINA'S Central Bank has ordered the nation's financial institutions to stop dealing with the Bank of Tokyo to punish it for opening an office in Taipei, Kyodo News Service said yesterday. The agency quoted "international financial sources" as saying the People's BankReuter - 260 words
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509 1990-06-02 16 David Gabriel - By David Gabriel LAWYER Teo Son Lung was released from detention for the third time yesterday, with three restrictive conditions. A Ministry of Home Affairs statement issued last evening said that the Internal Security Department (ISD) is now satisfied that Ms Teo509 words
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363 1990-06-02 16 AFP INDIA has withdrawn an armoured division from the border with Pakistan in a move that may ease tensions between the countries over turmoil in the Indian province of Kashmir, The Washington Post reported yesterday. The Indian Embassy spokesman R R Dayakara said theAFP - 363 words
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Article294 1990-06-02 16 AFP JAPAN's current account surplus plunged by 69.6 per cent from a year earlier to US$2 billion in April, the sharpest fall in more than 10 years, the Finance Ministry said in a preliminary report yesterday. The surplus on the current account which measures trade inAFP - 294 words
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199 1990-06-02 16 Reuter THE FIRST SHOTS in an economic civil war rang out across the Soviet Union yesterday, as whole sections of the country refused to ship foodstuffs beyond their borders and restricted sales to their own residents.. The wave of protectionism threatenedReuter - 199 words
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Page 16 Advertisements
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Advertisement68 1990-06-02 16 Tasty Teochew at Chao Zhou CHAO ZHOU GARDEN RESTAURANT W Shenton Way Td 225 6355 PROPERTIES for sale/rental in Cote d'Azur, Normandie 6 Brittany, Turks A Calces Islands. PORTFOLIO Management, 15% of profits only (no money taken) INVESTMENT Advice (ask for free copy) OFFSHORE Management Administration/Trading facilities available. Contact FRY68 words
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Advertisement220 1990-06-02 16 Fresh delights at Kampachi li-vH 6 UK BuOdins Shenlon Way T<* 222 4615 Global Strategies Supplement 1990 'Global Strategies: World Class Partnerships* is the theme of Business Times' second Global Strategies Supplement. To be published on June 4, 1990, it will coincide with the Global Strategies Conference a meeting for220 words
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Executive Lifestyle
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Article, Illustration1200 1990-06-02 1 Dinesen) did not end with the movie, Out of Africa. Lin Xue-ling discovers clues to an eccentric woman's fascinating, if - The life of Danish author Karen Blixen (better known as Isak Dinesen) did not end with the movie, Out of Africa. Lin Xue-ling discovers clues to an eccentric woman's fascinating, if troubled, life when she visits Rungstedlund, Blixen's childhood home in Denmark. Here, she unlocks some1,200 words
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STRAWS IN THE WIND
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Article36 1990-06-02 1 SPAM. THERE'S PIE, and there's HAM. What with all the meaty uproar over who kills whose pigs where, here's what one wit suggested as an appropriate acronym for the Singapore Pork Merchants Association SPAM.SPAM. - 36 words
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Article63 1990-06-02 1 THE innocence of youth. Or rather, the latent subverstveness of credit card commercials. Brought up on a diet of such fantasy, one boy asked his mother if they could go to the Pine Tree Club. The mother replied: "No. We're not members." The boy was flabbergasted. "But63 words
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Article71 1990-06-02 1 THEY say people in glass towers shouldn't throw stones, but they forgot about warning people in glass buildings not to walk into their doors. That's what happened to a colleague and two others who entered Plaza By The Park and mistook the non-reflec-tive glass door for71 words
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Article52 1990-06-02 1 TANGLIN Shopping Centre has decided to give its management corporation staff a boost through the ranks: it has shifted them to a new office on the roof-top. Actually, the centre was just short of space, so a 150,000-air-conditioned "hut" was built at the roof-top common area on the52 words
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OPINIONS
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1053 1990-06-02 2 Schutz Lee - Entrepreneurship Singapore's next frontier A shortage of indigenous industrial entrepreneurs threatens the Republic's long-term economic viability, says Schutz Lee Schutz Lee IT IS in the nature of competition that any difficulty faced by one's competitors that gives one an edge in the race is often a cause for relief, or1,053 words
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LETTERS TO THE EDITOR
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Article, Illustration707 1990-06-02 2 Cheok Yen Aik - Cheok Yen Aik, Senior Administrative Officer, Head (Public Relations), for Chief Executive Officer, Urban Redevelopment Authority I REFER to the recent spate of letters and articles on the issue of the sale of the old Convent of the Holy Infant Jesus (CHU), Victoria707 words
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363 1990-06-02 2 S Supramaniam - S Supramaniam, Acting Manager, Public Affairs, Singapore Airlines Ltd WE ARE intrigued by the call by Mr Conrad Raj, in his Bottom Line column (BT, May 24), to SIA, among other Singapore corporate luminaries, to "venture big overseas". Mr Raj chides363 words
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Article, Illustration1381 1990-06-02 2 Tye Kim Khiat - With World Environment Day round the comer, Tye Kirn Khiat asserts that Earthlings should turn over a new leaf and... Tye Kim Khiat Tye Kim Khiat is Assistant Features Editor FORESTS and politics, they used to be as disparate as chalk and cheese. Not anymore, thanks1,381 words
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SPORTS
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Article, Illustration471 1990-06-02 3 Chris Evert and Jimmy Connors are now working together as NBC TV announcers AP "CHRIS EVERT and Jimmy Connors direct from the French Open!" Those words have taken on a new meaning this week as the two long-time US stars and former lovebirdsAP - 471 words
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SIDE LINES
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140 1990-06-02 3 A FRANTIC RUSH to finish World Cup construction work has transformed Rome into an urban assault course and provoked the unthinkable in this soccer-crazy country a rebellion against the football spectacular. Thousands of building projects and road works, some of them140 words
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Article126 1990-06-02 3 THEY NO LONGER name the trophy after him, but Jules Rimet, creator of the World Cup, would probably forgive them that. The competition that Rimet, president of Fifa from 1920 to 1954, set up 60 years ago has grown beyond recognition. The 14th World Cup finals, which126 words
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Article137 1990-06-02 3 SUCCESS has clung to Marco Van Bast en like his shadow, and watching the Dutch ace score with carefree abandon shows why. Going into the World Cup, Van Basten's goalscoring skills in the Italian league are unmatched. He plays with Dutch compatriot Ruud Gullit on137 words
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Article190 1990-06-02 3 CELTICS GREEN and Lakers purple and gold. During the 1980s, those were the colours of success in the NBA. The. Boston Celtics and the Los Angeles Lakers combined for eight of 10 NBA titles and at least one of the teams was in the finals every190 words
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Article, Illustration613 1990-06-02 3 Making champions the Chinese way AFP MANY Chinese athletes training for the Asian Games in Beijing next fall are doing so at elite government-run institutes, which forge young athletes into champions of sport and socialism alike. "Do not be discouraged by hard work," reads a poster at the Shichahai SportsAFP - 613 words
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Article315 1990-06-02 3 Reuter EVEN IF they fail to win the World Cup for a record fourth time, Brazil are likely to take the title of top entertainers both on and off the pitch in Italy next month. With the noisiest, most colourful and most adventurous supportersReuter - 315 words
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EPICURE 1
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Article, Illustration616 1990-06-02 4 Claire Leow - Claire Leow sniffs out the supermarket's new wine cellar Claire Leow JASON'S Supermarket has taken to selling more wine, just in time. In 1986, you could only find 10 speciality wines here. By the end of last year, it had 50. But they needed more, to cater616 words
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Article, Illustration955 1990-06-02 5 Richard Seah wrote about ex-R J Reynolds heir Patrick Reynolds' campaign against smoking last week. Today he looks at what ex-Baskin-Robbins heir John Robbins has to say about dairy products IF SMOKING is harmful to health, dairy products makes it even more so.955 words
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Article, Illustration798 1990-06-02 5 N K Yong - WINE By N K Yong IF THE claret chateaux are congratulating themselves over the remarkable wines they produced in the past decade, they can't be more pleased than the Sauternais, which did even better in the 80s than the Bordelais. In the 70s,798 words
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Article, Illustration497 1990-06-02 5 Sybil Holloway - BRIDGE By Sybil Holloway SINGAPORE'S bridge enthusiasts are reminded that the Fifth Epson Worldwide Duplicate Pairs Bridge Contest takes place next Saturday, June 9, at the NUSS Guild House, Kent Ridge. Those wishing to enter should call Chu Nyit for more details. Tel: 564-8558.497 words
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PURSUITS 1
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Article, Illustration963 1990-06-02 6 Quek Swee Peng - The sky's bluer too. Quek Swee Peng sings praises of Glyndebourne Opera Festival Quek Swee Peng TO BE SURE, the grass did look greener. It did from the garden of a particular partElizabethan and part-Victo-rian mansion on a splendid Sussex estate. It did from963 words
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Article, Illustration1084 1990-06-02 6 Samuel Ee, Quek Swee Peng - Some suggestions on where to nibble By Samuel Ee, Quek Swee Peng Brasserie Tatler, Marina Mandarin Hotel 6, Raffles Boulevard Tel: 338-3388 AT THE Brasserie Tatler, the lights are turned down low and there's a lot of warm wood. The result is a cosy ambience which makes1,084 words
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Article, Illustration456 1990-06-02 7 Samuel Ee - Familiarity breeds tiresomeness, Samuel Ec discovers Samuel Ee SO WHAT else is new? Steven Spielberg hasn't come up with anything original yet and continues flogging his dead De Lorean; Christopher Lloyd can't carry a conversation without shouting at the top of his voice; and Michael456 words
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Article, Illustration896 1990-06-02 7 Richard Seah - Local artists come together in a visual protest against the further destruction of the environment. Richara Seah praises their efforts Richard Seah THE ARTS for Nature is not another exhibition of pretty pictures depicting flowers and bees and birds singing in the meadow. Inside the896 words
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Article, Illustration626 1990-06-02 7 A Surendren - How crazy can one guy get over jazz? A Surendren finds out A Surendren BY DAY, Graham Hayward plays executive director at the Singapore International Chamber of Commerce. By night, he plays jazz. Not in any lounge, mind you, just in his Leonie Towers apartment626 words
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Article, Illustration605 1990-06-02 7 A Surendren - A Surendren follows the trail of Fiat as it sets off on its expansion path A Surendren FIAT car owners used to share a common dread: that a certain ominous disease would eat into their car body, render it corroded and themselves605 words
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EXECUTIVE JOBS
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Article, Illustration1569 1990-06-02 8 Martin Soong - Jennie Chua begins her new job as mid-wife at the rebirth of the Raffles Hotel in two weeks. The former convention czar, now Westin's marketing chief, tells Martin Soong why she's looking forward to the delivery Martin Soong HM M M Soong but you don't sound local,"1,569 words
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Article204 1990-06-02 8 LAM SIEW WAH has been appointed general manager of the Construction Industry Development Board. Mr Lam, 37, is one of the original batch of officers who helped pioneer the board when it was set up in 1984. He was formerly CIDB's deputy general manager and business development204 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration774 1990-06-02 9 William Chia - STOCK WATCH J* William Chia INDONESIA is well suited to cater to the fast growing worldwide demand for wood pulp because of its abundance of timber and land resources. These favourable prospects have attracted strong local and foreign investors' interests to PT Inti Indorayon's current774 words
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563 1990-06-02 9 Reuter. INSTITUTIONAL investors and fund managers alike, still cautious about the economic outlook and the risk of recession, have only slowly been putting their cash to work in the US stock market, analysts said. The Dow's recent rise to record highs raisedReuter. - 563 words
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Article622 1990-06-02 9 PriCM (M at 31.5.90) Conversion farms PfamiuirV (discount) Expiry Amount Optional" j using Company leauad Wrts Share Ln stk Lnatk OR 9 Gaaring 4 Data [m units) Conv Exif nom Cash' Ln stk left ratio prtca valua H m n C4CW! 37.5 2.000 4.460 1.00 3.09622 words
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DON'T QUOTE ME!
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Article107 1990-06-02 9 STUNG by bad publicity, Coca-Cola Co has abruptly ended part of its mishap-plagued promotional campaign in which a small number of prize-filled cans malfunctioned, exposing consumers to brackish but harmless chlorinated water. The cans contained currency between USS 1 and US$5OO or coupons for prizes.107 words
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Article36 1990-06-02 9 ASKED to predict how long the current rally of stock prices on Wall Street will last, Marshall Acuff, portfolio strategist at Smith Barney, replied: 'This is a bull that's got energy."36 words
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Article108 1990-06-02 9 WITH the rainy season fast approaching the Japanese archipelago, Takashimaya Co, a Tokyo department store, is offering a special umbrella whose skin is made of black silk, its shaft and handle are made of maple and lacquered black, the skeleton and spring button are plated with108 words
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Article101 1990-06-02 9 THE marriage was lousy and the economy is worse. Zulema Yoma de Menem, whose husband, Argentine President Carlos Menem, left her a month ago, says she's not going to take the blame for his latest economy strategy. "This economic plan won't last," she told Noticias magazine."l'm101 words
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Article92 1990-06-02 9 THE Sri Lankans have come up with a new word for "privatisation" which has been a buzz word for many countries around the world. The government there calls it "people-isa-tion". As Shelton Wanasinghe, chairman of the Public Investment Management Board, put it: "The idea behind92 words
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Article, Illustration942 1990-06-02 10 Professor Norbert Walter, chief economist of Deutsche Bank, examines the direction of the German currency in the near future THE INITIALLING of the state treaty governing German monetary, economic and social union marks a major step on the road to economic unification of942 words
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677 1990-06-02 10 Jenny Lim - TAXING By Jenny Lim AN EXECUTIVE'S pay package usually comprises both cash and non-cash benefits. It is obvious to everyone that cash benefits are fully taxable, but many are under the misconception that non-cash benefits are not taxable. This is because non-cash benefits may677 words
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Article, Illustration781 1990-06-02 10 Ayumu Murano investigates the implications Reuter THE BANK of Japan (BOJ) is likely to tighten its money market stance somewhat in June to halt declines in shortterm rates and squelch speculation it plans to relax monetary policy soon, some money market analystsReuter - 781 words
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THE TRAVEL PAGE
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Article910 1990-06-02 11 ETA Aba DfcaW GA976 0010 SQ226 QF81 2035 2105 SQ23 KL837 1350 1430 KL838 SQ24 2115 2200 QF16 1820 TE25 SQ338 BA12 1610 1925 2200 TE28 1730 QF10 1845 QF5 2230 B1421 SQ181 B1429 1100 1410 2030 SQ182 BI422 BI302 BI430 0915 1205 1525 2125 QF62910 words
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Article, Illustration608 1990-06-02 11 Timothy Heritage - LETTER FROM MAKARSKA By Timothy Heritage WALLOW in curative mud, bathe in spa water or shoot a bear that is Yugoslavia's invitation as it tries to prevent the rest of Eastern Europe luring away tourists following the collapse of communism. Yugoslav officials at a tourism conference608 words
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Article, Illustration154 1990-06-02 11 Source: Republic National Bank of New York(S) Ltd As at 3pm yesterday. Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar* 1.4170 1.4370 Canadian dollar 1 5650 1.5850 NZ dollar 1.0500 1.1000 Sterling pound 3.0950 3.1250 US dollar 1.8505 1 8605 Local dollarsSource: Republic National Bank of New York(S) Ltd - 154 words
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Article83 1990-06-02 11 Duration Title Venue Organiser Td Duration Title Venue Orfamaer Td iun 1-4 International Italy E.A Fiera (39)2/***** iun 7-13 International Fair West Anrfmi uusaaooncT (49)211/4360 Exhibition Internationale for Packaging Germany Messegesell of Gift Arti Milano Machinery. schaft mbH cles. Fancy Packaging Nowea Goods Items Materials A Jan83 words
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Page 1 Advertisements
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Advertisement276 1990-06-02 1 EL I Today, one watch reigns supreme. /V hannal \laslerpn\i 7>v Automatic Chronograph, the Perpetual Calendar and the Tourhillon <Illustrated from left to right) B.A JV>44 <K> < B.A JW (*>J and BA JSM.VOti.i For those who will not settle for Today, these masterpieces remain second best, there is only276 words
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Page 2 Miscellaneous
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Miscellaneous44 1990-06-02 2 DOONESBURY OKAY, I CANTHNP MY (AJ&THe BRAV 1 ttfU, MjOANie 1 HOU? (T, NCWS, SO THIS &*T GONG 1ST PERSON IBVER \W HB All I REALLY NEXT UP MrMNOT I TO COMZ CUT RIGHT, BIST n HERE GOBS ANYWAY... HtWWnumG NONE OF US THESECONP^44 words
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Page 3 Advertisements
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Page 4 Advertisements
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Advertisement1132 1990-06-02 4 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE... S^Wrf > S^th mising THE INDIANA IHNIVERSITV ||EMgl fgjj lL\\\\\m\J£- 1990 GOODWILL CONCERT TOIH joitf M USB; JSp— L i Monday, 4 June 1990 /VN Weekend family luncheon Tuesday, sJune 1990 £j O^^^W^ Dinner1,132 words
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Page 5 Advertisements
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Advertisement284 1990-06-02 5 AND ENTERTAIN The world s your LOBSTER. W^—WT^ "vplr J&B) DINNER 7PM TO 10 WPM LUNCH 12NOONTO2 kWW DINNER 6.jopmtoiohpm Hn I PRICES ARE SUBJECT TO 10% SERVICE CHARGE AND 4% CESS From June 4 to 23, you can enjoy fresh lobsters cooked the Continental, Singaporean or Japanese way. At284 words
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Advertisement273 1990-06-02 5 To Iff A R and 1 l\V/lIV/% Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Candlelight dinner enhanced by a beautiful night-view of The Singapore Harbour. We create the ideal place for you to treat your family and loved ones. 5-course continental set dinner available from only $30.00++ Restaurant Hours Mondays273 words
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Page 8 Advertisements
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Advertisement637 1990-06-02 8 APPOINTMENTS CDME COME FAR EAST is looking for a dynamic and result-oriented individual with technical background to join its team as "engineer" The appointee will be primarily responsible for the marketing of a full range of low voltage CIRCUIT BREAKERS from Europe. He will have to work closely with the637 words
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Advertisement202 1990-06-02 8 DHL IN THE NEWS Advertisement CUSTOMERS'SUPPORT Iv^SSaKSTTtfW^ nnit/r i-m_ii tau/iii National Computer Board DHL emerged winner UHIVC DHL TU WIN m the Pnvate Sector from a total erf 84 nominations reojiv^.DHLwescjn^tfwa^ 4 TOP AWARDS and comprehensive investments in information technology to improve its customer service. The customer and DHL have202 words
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Page 9 Advertisements
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Advertisement229 1990-06-02 9 THE MONETARY AUTHORITY OF SINGAPORE SINGAPORE GOVERNMENT OFFERING OF TAXABLE BOOK-ENTRY BONDS TO THE PUBLIC AMOUNT OFFERED SGD 250 MIO ISSUE CODE N*****0E (Reopened) ISSUE DATE 15 JUNE 1990 MATURITY DATE 15 FEBRUARY 1992 INTEREST RATE 4.500 PCT PRICE TO BE DETERMINED AT THE AUCTION INTEREST PAYMENT DATES 15 FEBRUARY229 words
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Page 10 Advertisements
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Advertisement54 1990-06-02 10 HONG LEONG FINANCE presents the Latest Rate! For more information on our attractive rates, call LISA at 222 5544/222 8844. Similar rates are also available at all Singapore Finance branches. $o§k HONG LEONG FINANCE LTD 16 Raffles Qua y #01 5 Hon 9 Leon 9 Buildin 9 Singapore 0104 Tel:54 words
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Page 11 Advertisements
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Advertisement291 1990-06-02 11 BriStOW: looters moNDwy. Bogimg DE£X PKMePO ancthgk ufcyc Of P*VNp 8lO*)MG TCOOM ST ILL NOT TO u>orry BesT TO owe T «-I£ OF IT.. OITM svwe OH My and rneuoDV w *y ne^rr Pl °dFhK£>' U—* C EVE MING STANDARD CO- LTD, 1M2-1W* HONG KONG NEW WORLD(HARBOUR VIEW) FR 90291 words
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Page 11 Miscellaneous
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Miscellaneous239 1990-06-02 11 9 Delayed recovery on one ___jßL_jj 16 A shocking place where 19 New profile allow- I mLm Hb ance for rapid increase ll 20 Cunning through (4) [BT IHV 23 Go round the bend (4) 26 Outfit for model HI |H MMMjHjRfIMf MMjr~ ~HBT French philosopher (9) 27 They can239 words
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Miscellaneous210 1990-06-02 11 Singapore Outlook: Showers over several areas in Ihe morning. Report (Thurs): Max temp 33.4* C Assoc humidity 66% Mm temp 25.4T Assoc humidity 86% Hrs of sunshine 5.20 Rainfall in mm Trace Rainfall this mth 176.2 Rainy days this mth 11 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 18/13 Windy Bangkok210 words
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Page 12 Miscellaneous
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Miscellaneous2053 1990-06-02 12 TODAY'S TV AM The Further Adven The Magic of Lassie, 2.30pm. Backstage, 9pm. SBC mmLdmWJ ,2 BlßluVt tures o1 Supert^ TVI Blue Steel, 900 hm^so^sL James Stewart gets top billing starring Jamie Lee Curtis, i -fUn \ftmV 10 00 Newspaper Clippings before a collie in this 1978 might have come2,053 words
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Miscellaneous1128 1990-06-02 12 CINEMA Back to tho Future Part 111. he gets born. Lewd but likeMichael J Fox and Christo- able. Stars Kirstie Alley and pher Lloyd amaze with their John Travolta. Orchard: It; nonsensical interpretation of 1.30: 4; 6.45: 9.15. Marina 1: time travel a third time 3.15: 7.15: 9.30. Midnight around.1,128 words
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