The Business Times, 7 July 1990
1990-07-07
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The Business Times
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Title Section11 1990-07-07 1 Business Times MCI (P) 170/12/89 Weekend Edition, July 7-8 1990 75*11 words
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NEWS& MARKETS SUMMARY
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Article39 1990-07-07 1 WALL STREET stocks were higher in early activity yesterday as traders studied the latest reading on US employment. The Dow Jones average of 30 industrials rose 12.87 to 2,892.08 in the first 90 minutes of trading.39 words
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Article44 1990-07-07 1 LONDON share prices were higher at midday yesterday, helped by position-squaring ahead of the close of the latest trading account. At 1106 GMT, the Footsie 100-Share Index was at its intraday high of 2,338.3 points, up 6.9 points or 0.3 per cent.44 words
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69 1990-07-07 1 A SURPISINGLY strong upward revision to May's US non-farm jobs data overshadowed weak data for June, convincing economists that the Federal Reserve will not ease interest rates in the near future. June non-farm payrolls rose by only 40,000 jobs, compared with forecasts for a69 words
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Article48 1990-07-07 1 JACK. CHIA-MPH Ltd is to contest the court action taken by Haw Par Brothers International and its subsidiary Tiger Balm alleging that JC-MPH and the Jack Chia group of companies were passing off "Golden Lion Shield Balm" products as "Tiger Balm" products Page 248 words
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Article26 1990-07-07 1 PROPERTY-BASED First Capital Corp is strengthening its presence in the garment industry by acquiring a majority stake in a knitwear company. Page 326 words
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Article24 1990-07-07 1 SABAH and Taiwanese businessmen have signed agreements for several joint venture projects worth M$ 148.3 million in the Malaysian state Page 424 words
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Article, Illustration29 1990-07-07 1 Friday Change BT-MGA 795.20 -1.81 Kuala Lumpur ....593.86 +0.88 Hongkong 3,357.61 +1.17 Tokyo 32,445.12 +93.45 Sydney 1,554.4 -3.7 Tharaday Change New York 2,879.2 -32.42 London 2,331.4 -24.129 words
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Article21 1990-07-07 1 Fffrhtnyt ritn US$ SSI.8290 Yen SS1.212I MS SS0.6759 MoWJ Rl4r kct ritM Overnight 7 1/4 +1/4 3-month 7 3/4% +1/1621 words
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Article32 1990-07-07 1 London Gold PMfix US$361.15 US$1.45 yporeAug... l57.00»/kg -0.50 Nfsia Aug M232.50.«/kg -0.50 KL Tin Turnover 98 tonnes +26 Spot M$15.96/kg -8 Crude pain til Turnover 820 lots +447 Jul M$674/tonne -332 words
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405 1990-07-07 1 Catherine Ong - From Catherine Ong in Hongkong SINGAPORE is in a delicate position in its efforts to promote the so-called growth triangle concept and cannot rely too much on the resources of neighbouring countries for continued prosperity, in the view of a regional management consultancy.405 words
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301 1990-07-07 1 AFP TAIWAN has approved a record US$73O million worth of overseas investment projects by local businessmen in the first half of this year, according to the Investment Commission. The investment value of the 159 approved cases reflected a whopping 546 per cent surgeAFP - 301 words
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172 1990-07-07 1 Bernama MALAYSIA is confident of retaining its trading privileges given by the US government under the generalised system of preferences, Human Resources Minister Datuk Lim Ah Lek said yesterday in Kuala Lumpur. Speaking to newsmen after meeting the US Ambassador to Malaysia, Mr Paul Geveland,Bernama - 172 words
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229 1990-07-07 1 Reuter THAILAND'S central bank said the economy was performing better than it had expected and would post real double-digit growth for the third consecutive year. Siri Kancharoendee, chief economist of the Bank of Thailand, said Thai gross domestic product would expand more thanReuter - 229 words
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Article, Illustration331 1990-07-07 1 Dexter Lee - By Dexter Lee A NATIONAL achievement which fulfilled a vision Singapore had 18 years ago. That's what the Mass Rapid Transit system represents, said Dr Yeo Ning Hong last night at a ceremony to mark the completion of the system and the opening of Boon331 words
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Page 1 Advertisements
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Advertisement225 1990-07-07 1 aw&r. f mkon 9 ir TlwttWHnttt WirtoptpWc M»m. COVER OPINIONS LIFESTYLE PURSUITS FINANCE n Forget the The realisation of Writing at the risk A paradise r Honda WB^H aV,S,OnEL2 of cancer. EL 5 tfjfcerfu HBMKIfIM *gS£T uT**™* <hic) F Mr h c E l i ao 6 tism MEH|£^ k225 words
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Advertisement10 1990-07-07 1 Taiwanese stake out Msl4Bm joint ventures in Sabah, Pg 410 words
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Advertisement8 1990-07-07 1 Success depends on good relations: Mahathir, Back Pg8 words
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Advertisement148 1990-07-07 1 Nikon As soon as you selves as connoisseurs, enter Tlte Hour Glass connoisseurs And our customers F O R COLLECTORS I I I Timeless value from Rolex... and The Hour Glass. to examine our Rolex It manifests itself as fellow collectors, collection, you will ex- in the time we take148 words
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HOME NEWS
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NEWS ROUNDUP
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Article76 1990-07-07 2 ABOUT 250 companies from 15 countries will display their products at COMTEC '90, an annual microcomputer exhibition due to begin on August 23. The fourth in a series, the four-day event will be held in Halls 4 and 5 of the World Trade76 words
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Article46 1990-07-07 2 PRESIDENT Wee Kim Wee, on behalf of the people and Government of Singapore, yesterday sent condolences to President Suharto of Indonesia for the large number of Indonesian pilgrims who lost their lives during the tragedy at the Al-Muassem Tunnel linking Mecca and Mina.46 words
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Article44 1990-07-07 2 SINGAPORE'S Ambassador to the Federal Republic of Germany, Mr Kemal Siddique, has been concurrently appointed as Ambassador to the German Democratic Republic. He presented his credentials to the government of the German Democratic Republic in Berlin on July 2, 1990.44 words
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Article51 1990-07-07 2 AS PART OF its expansion programme into the South-east Asian market, Singapore-based Tour East recently opened a full service Destination Management office in Bali, Indonesia. Aside from the office, Tour East will also have its own fleet of limousines and coaches to meet its transportation51 words
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Article32 1990-07-07 2 THE LATEST in office equipment, supplies and services will be featured at Office '90, an exhibition-cum-conference to be held at the World Trade Centre from October 10 to 13.32 words
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Article75 1990-07-07 2 BECAUSE OF the National Day Parade 1990 rehearsal, the following roads will be closed tomorrow: Beach Road (between Rochor Road and Bras Basah Road), Bras Basah Road (between Victoria Street and Nicoll Highway), Collyer Quay, Connaught Drive, Fullerton Road, High Street, Middle Road (between North Bridge75 words
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Article, Illustration431 1990-07-07 2 William Chia - By William Chia JACK CHIA-MPH Ltd is to contest the court action taken by Haw Par Brothers International and its subsidiary Tiger Balm alleging that JC-MPH and the Jade Chia group of companies were passing off "Golden Lion Shield431 words
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372 1990-07-07 2 Shoeb Kagda - By Shoeb Kagda LOCAL timber exporters, faced with shrinking supplies from traditional sources, are beating a path to Indochina and other heavily forested txeas in search of new supplies of tropical timber. Though currently facing bleak sales as a result of overstocking in major372 words
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243 1990-07-07 2 IT WOULD make sense to allow only those companies that have raised their retirement age to 60 years to hire foreign workers, National Trades Union Congress sec-retary-general Ong Teng Cheong said yesterday. He said many union leaders had proposed that the243 words
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SHIPS IN PORT
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Article480 1990-07-07 2 Kappd Wfc Aprt 0 Vita Dayunshan Kota Berkat U Heng khnosa Ocean Sky Saudi AMa Sea Braves 1Mb W Abyot Cape IMeas Kaheng Mi fc B WafWianl fflWS 19E/90 03 5/90 9004 33/90 5 029 OS 05N US 047 2D 01/90* 21WB 1202E 9004 30 K18 K34480 words
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Article1052 1990-07-07 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Record Boottic/Batanc* Rafts SHp VoyNo Period Fran To Fran f of Dbcfial Space M Goocharov 18SI90 1 06/1500 06/1659 06/1900 2 06/1700 07/0659 07/0900 3 07/0700 07/1159 07/1400 Al Ahmadah 64 4 07/1200 07/1459 07/1700 M Sharroafi 72 1 06/15001,052 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration447 1990-07-07 3 Lim Mui Khi - By Lim Mui Khi PROPERTY-based First Capital Corp (FCC) is strengthening its presence in the garment industry by acquiring a majority stake in a knitwear company. The acquisition of 1.93 million shares in Poly Allied Knitwear (Pte) Ltd costs FCC $14.48 million. The447 words
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240 1990-07-07 3 MBT METROPLEX BHD, which expects to finalise negotiations for the purchase of the 170-room Strawberry Park Hotel in Cameron Highlands, in a few weeks, is considering building a resort hotel in Langkawi. Managing director Dick Chan Teik Huat said the group had been inMBT - 240 words
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292 1990-07-07 3 Magdalene Ng - By Magdalene Ng SHAREHOLDERS OF Pacific Carriers, whose listing on the Stock Exchange of Singapore was delayed for a week, will finally be able to trade their shares on Tuesday. An announcement from the SES yesterday said PCL's issued capital of 300 million292 words
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230 1990-07-07 3 Bernama KINTA KELLAS Investments pic is seriously considering expanding its operations overseas via Pengurusan Lebuhraya Bhd (PL) which it intends to acquire. "We are looking at every angle now and eyeing projects elsewhere especially in the South-east Asian region," executive director David W BerryBernama - 230 words
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COMPANY BRIEFS
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78 1990-07-07 3 NEPTUNE Orient Lines Ltd said following approval obtained at a meeting of holders of its Irredeemable Convertible Cumulative Preference shares (ICCPS) and EGM on July 4, the dividend rate for its 60 million ICCPS has been revised to 9.49 per cent per annum amounting78 words
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Article69 1990-07-07 3 KAMUNTING Corporation Bhd's additional ordinary shares of SO sen each arising from the conversion of M 52,000, seven per cent convertible secured notes 1987/1994 will be granted a listing and quotation with effect from July 9. The shares will not be entitled to any dividend69 words
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Article66 1990-07-07 3 ROXY Electric Industries (M) Bhd said that its feasibility study on the resort project in Perak has not been finalised. It said in reply to a query from the KLSE that the figure of MSBSO million was merely a preliminary estimate in response to a question66 words
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Article33 1990-07-07 3 GADEK (M) Bhd has appointed four new directors, including Wan Azmi bin Wan Hamzah, Mohd Tamrin bin Abdul Ghafar, John Chia Sin Tet and Sundra Moorthy s/o Krishnasamy.33 words
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Article87 1990-07-07 3 PROMET Bhd said it is still discussing with the Kedah state government and the Kedah SEDC to get back the contract to develop 460 ha of beach land in Tanjung Rhu, Pulau Langkawi. Replying to a KLSE query, it said that an appropriate announcement would be87 words
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Article102 1990-07-07 3 MATSUSHITA Electric Co (M) Bhd has reported a 58.8 per cent increase in group pre-tax operating profit of M 531.52 million for the year ended March 31, 1990 against M 519.85 million previously. The consumer electric appliance manufacturer's turnover rose by 19.5 per cent to102 words
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Article79 1990-07-07 3 UNIVERSAL Cable Holdings Bhd (UCH) said that following Universal Cable (M) Bhd's (UCMB) capital restructuring scheme, the existing 62.5 million shares in UCMB will be removal from the official list of the KLSE from 10.00 am on Monday, July 9. UCH added that 15.62 million new shares79 words
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660 1990-07-07 3 Bernama FIFTEEN publicly-listed Malaysian companies issued a total of 1.119 billion shares worth M 5883.64 million for acquisition purposes in the first five months of this year. The companies were Kamunting Corp Bhd, Guinness Anchor Bhd, Renong Bhd, UMBernama - 660 words
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Article611 1990-07-07 3 Prtoaa(M«t 9.7.90) Convanlon t*rma MjTnnnntl Amount OpbowT* wtaq Company lM«Md Wrt» 8h«r» Lr> atk i Qwrtng m units) Conv Ewr c-h Lntfk 1 "J? ratio prtco vaiu* > I C4CW! 37.5 1.970 4.480 1.00 3.09 13 2.27 26.4.93 33 Causeway Inv 72 0.615 1.330 0.770 1.00611 words
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476 1990-07-07 3 MBT LION CORPORATION and its joint venture partner, China Steel Corp, are expected to complete their feasibility study on the proposed M$ 13 billion integrated steel mill project within six to 12 months. Chairman and managing director William Cheng said the feasibility studyMBT - 476 words
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Page 3 Advertisements
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Advertisement50 1990-07-07 3 A ■HI i :M .3 ,H|g^■||||| INTRODUCTORY OFFER 40% OFF FULL RANGE MENSWEAR PLUS SPECIAL OFFER FOR JULY 1990 60% OFF ON ALL MISSONI TRAVEL WEAR KNITWEARS BLAZERS RAINCOATS OVERCOATS TROUSERS JACKETS EXCLUSIVELY AVAILABLE AT 03-18 DELFI ORCHARD 402 ORCHARD ROAD TEL: *****82 OEPNING HOURS 11 AM TO 8 PM.50 words
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COMPANY NEWS
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COMPANY BRIEFS
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Article88 1990-07-07 4 TAIWAN'S Acer Group is taking over US-based Altos Computer Systems in a transaction worth US$94 million. The Acer Group, Taiwan's largest personal computer maker with revenues of US$7OO million in 1989, will purchase all outstanding Altos shares at $8.35 net cash per share. Altos will88 words
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Article109 1990-07-07 4 FRENCH oil group Elf Aquitaine is buying US group Amoco's refining and distribution activities in Britain, doubling its British market share. The agreement covers 70 per cent of the Milford Haven refinery, with a capacity of five million tonnes a year, stakes in a pipeline109 words
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Article94 1990-07-07 4 AMERICAN Express said its Travel Related Services unit will open travel services offices in East Berlin, Leipzig and Dresden. The first agency is scheduled to open in the fall. The company also said it will offer American Express Cards, American Express travellers' checks and its94 words
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Article80 1990-07-07 4 HONDA Motor Co said its US car sales in the June 21-30 period increased 128.1 per cent to 26,841 from 11,768 units a year ago. For the month, it said sales rose 83.2 per cent to 47,175 from 25,756. Honda said its domestic car sales rose 22.680 words
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Article113 1990-07-07 4 SAN MIGUEL Corp, the Philippines' biggest company in terms of revenues, said it raised by 50 centavos the retail prices of most of its beer products after the government increased ad valorem tax on beer to 50 from 37 per cent. The tax level will further113 words
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Article41 1990-07-07 4 BANK of Montreal said it had completed the estimated Cs23 million sale of its 20 per cent stake in Banque Transatlantique, a French bank, to the bank's largest shareholder, Credit Industriel et Commercial de Paris.41 words
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327 1990-07-07 4 Bernama SABAH and Taiwanese businessmen have signed agreements for several joint venture projects worth M$ 148.3 million in the Malaysian state. The projects signed included a $100 million tourist resort in Tuaran, prawn farming in Tuaran ($lO million), tour and travelBernama - 327 words
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Article, Illustration360 1990-07-07 4 Reuter DESPITE negative second quarter earnings projections by several technology companies, analysts expect industry leader International Business Machines Corp and many other computer makers to post robust profits. High technology shares were broadly weaker on Tuesday after three computer companies said their resultsReuter - 360 words
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246 1990-07-07 4 Reuter ELECTRONICS conglomerate NV Philips Gloeilampenfabrieken is negotiating with shipping and transport company Koninklijke Nedlloyd Groep NV over the sale of Philips's Dutch transport activities. Philips gave no financial details. Philips said its own transport network was inadequately equipped to meet theReuter - 246 words
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257 1990-07-07 4 Bernama SHELL'S expandable polystyrene (EPS) plant costing MS 100 million to be located in Pasir Gudang is scheduled to come onstream in mid--1992. Planning and design of the plant, which would have a capacity of 30,000 tonnes per annum while providing about 60Bernama - 257 words
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379 1990-07-07 4 Reuter UAL CORP's decision to suspend talks on a new jet order at the behest of the employee group seeking to buy the airline suggests the group is serious about partly financing the planned US$4.4 billion buyout with funds from aircraft orReuter - 379 words
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256 1990-07-07 4 Bernama KUALA LUMPUR-listed Scientex Industries Bhd through its wholly-owned subsidiary, Masai Golf Sdn Bhd, has entered into a sale and purchase agreement to dispose of 943,400 shares in Quatari (M) Sdn Bhd at M 52.54 apiece for M 52.4 million cash. TheBernama - 256 words
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Article132 1990-07-07 4 Reuter NOMURA Securities Go Ltd has launched two investment funds that will invest mainly in the stock markets of Italy and the five Asean countries, a Nomura spokeswoman said. Nomura plans to collect up to 30 billion yen for each fund. Both funds will be closedReuter - 132 words
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Page 4 Advertisements
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Advertisement206 1990-07-07 4 STOCK EXCHANGE OF SINGAPORE SUPPLEMENT 1990 The global equity market is losing much of Its shine. Volatility rules the day, and the technology that brings markets closer to each other also exposes one market to another's weaknesses. But with the increased risk or volatility also comes greater opportunity for profit.206 words
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FINANCIAL NEWS
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504 1990-07-07 5 NYT DESPITE pressure from the White House and Congress to lower interest rates quickly to try to prevent a recession, the Federal Reserve apparently decided at a policy meeting this week to hold rates unchanged for the time being. That was the assessmentNYT - 504 words
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Article, Illustration202 1990-07-07 5 NYT THE BUSH Administration on Wednesday stepped up pressure on the Federal Reserve, the US central bank, for an early cut in interest rates following the meeting of its policy-making open market committee earlier this week. Mr Nicholas Brady, Treasury Secretary, while carefullyNYT - 202 words
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SMALL CHANGE
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Article78 1990-07-07 5 WESTPAC Banking Corp chairman Sir Eric Neal dismissed speculation the bank may be considering closing its wholly owned stockbroking unit Ord Minnett Ltd. "The sale or closedown of Ord Minnett Ltd is definitely not being contemplated. Indeed, Ord Minnett is extending its operations in New Zealand,"78 words
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Article83 1990-07-07 5 SUMITOMO Bank Ltd opened a representative office with a workforce of three yesterday in East Berlin, it said in a statement. "With the unification of Germany anticipated, the needs of our customers for information on the economy, trade and finance in East Germany are increasing,"83 words
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Article112 1990-07-07 5 THE Export-Import Bank of Japan and nine Japanese commercial banks will lend Mexico a total of 51.8 billion yen to finance construction of an oil-and-coal-burning electric power plant there, an Ex-Im Bank spokesman said. The Ex-Im Bank will provide 31.1 billion yen and other banks112 words
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Article510 1990-07-07 5 Reuter THE EUROPEAN Community's development banker, Ernst-Guenther Breeder, said the West needs to help the Soviet Union stop the deterioration of its economy if political reform is to take root. Mr Breeder president of the European Investment Bank (EIB), said in an interview thatReuter - 510 words
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212 1990-07-07 5 Reuter MANY FINANCIAL investments in developing countries are providing a yield or return that is highly attractive in relation to the objective risk, says Chartered WestLß Ltd (CWB). In the first issue of its Developing Country Investment Review, CWB says a proliferation of investmentReuter - 212 words
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Page 5 Advertisements
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Advertisement51 1990-07-07 5 EVOLTI Europe is changing fast. In the East, Marx is just another four-'etter word. While in the West, revolutions are afoot in foreign policy, defence, and the 1992 programme for a single market. Find out why Europe's revolting in The Economist this week. 1992 Survey in The Economist. On sale51 words
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Page 5 Miscellaneous
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THE REGION
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NOTE BOOK
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92 1990-07-07 6 PRESIDENT CORAZON AQUINO failed on Thursday to convince congressional leaders to join her new national movement and one of them blamed incompetent Cabinet members for the government's poor performance. Representative Ramon Mitra, speaker of the House of Representatives and a long-time Aquino supporter,92 words
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Article91 1990-07-07 6 AUSTRALIAN opposition leader John Hewson on Thursday called on Philippine President Corazon Aquino and said the US should maintain a "strategic presence" in the region. He said at a pre-departure news conference that he had discussed bilateral relations with Mrs Aquino and had expressed "concern91 words
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Article106 1990-07-07 6 THE EUROPEAN COMMUNITY said on Thursday it was giving Bangladesh 2.6 million European Currency Units (US$3.3 million) to make up for export earnings lost in 1989 due to falls in the price of tea and jute. The EC's executive commission said a further 670,000 ECUs (US$840,000)106 words
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Article88 1990-07-07 6 CHINA IS TO HOLD talks with Hongkong for the first time on the problem of cross-border pollution and other environmental protection issues next week, a Hongkong government spokesman said yesterday. A high level delegation from neighbouring southern China's Guangdong province is to arrive in Hongkong for the88 words
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Article126 1990-07-07 6 CHINA SAID on Thursday that it would continue its policy of allowing only one child per family in its drive for modernisation. "Controlling population growth is very important for China's programme of socialist modernisation," the ruling Communist Party newspaper People's Daily said in an editorial on126 words
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Article143 1990-07-07 6 THE CHINESE GOVERNMENT is to draw up measures to encourage more medical college graduates to work in rural areas hit by a lack of health professionals, it was reported yesterday. The China Daily, quoting a Ministry of Public Health official, said the move was part of143 words
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479 1990-07-07 6 MBT THE INTERNATIONAL Finance Corporation (IFC), the world's largest source of direct project financing for private investments in developing countries, is broadening its investment base in Malaysia. "We would like to invest in all types of projects in Malaysia," its East and Asia PacificMBT - 479 words
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234 1990-07-07 6 MBT THE INTERNATIONAL Finance Corporation (IFC) has been called to provide the Malaysian private sector with links to new technology, foreign partners and international markets. Finance Ministry Secre-tary-General Tan Sri Zain Azraai Datuk Zainal Abidin said on Thursday that the IFC, withMBT - 234 words
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234 1990-07-07 6 AFP THE COORDINATOR of US assistance to the Philippines yesterday said Washington was still committed to an international aid plan for the country. Elliot Richardson, US representative in the Multilateral Aid Initiative (MAI), a project proposed by Washington to help revive theAFP - 234 words
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Article384 1990-07-07 6 AFTER THE election defeat in May of the military government of Myanmar (formerly known as Burma), the investment climate of the secretive South-east Asian country is rapidly improving, according to the Japan Economic Journal. Foreign investors are especially attracted by the country's abundant natural resources. The384 words
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Article, Illustration74 1990-07-07 6 RAJIV GANDHI, former Indian prime minister and now lender of the opposition Congress Party, leaning from his second-class train carriage to say goodbye to supporters at Bharatpur railway station In Rajasthan on Wednesday. Gandhi was on a three-day tour of the northern desert stnte, where74 words
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152 1990-07-07 6 Reuter CHINESE and Indonesian officials will meet to discuss the future of 300,000 former Chinese passport holders in Indonesia who are now effectively stateless, the Kompas newspaper reported yesterday. The newspaper quoted Justice Minister Ismail Saleh as saying officials would meet after diplomaticReuter - 152 words
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322 1990-07-07 6 THE DEVELOPMENT of Shanghai's Pudong special economic zone will greatly benefit the economies of China's central provinces by creating demand for raw materials and energy, a senior trade official from Hubeik said. "As Pudong begins to take off, the economic benefits will gradually322 words
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144 1990-07-07 6 Bernama LABUAN, the island of some 35,000 inhabitants that became a Malaysian federal territory six years ago, has become a hot issue in the campaigning for this month's Sabah state election. So far, two parties contesting in the election the ruling Parti BersatuBernama - 144 words
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Page 6 Advertisements
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Advertisement246 1990-07-07 6 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AMBASSADOR ENGINEERING SERVICES PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extra-Ordinaiv General Meeting of the Company, Ambassador Engineering Services Pte Ltd deemed to be held at 400 Orchard Road *07-04 Orchard Towers, Singapore 0923 on the 30th June 1990, the246 words
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Advertisement252 1990-07-07 6 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AMBASSADOR PROPERTIES PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extra-Ordinaiv General Meeting of the company, Ambassador Properties Pte Lid deemed to be held at 400 Orchard Road #07-04 Orchard Towers, Singapore 0923 on the 30th June 1990, the following special resolution252 words
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Advertisement240 1990-07-07 6 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AMBASSADOR B.M.S. PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extra-Ordinarr General Meeting of the Company. Ambassador B.M.S. Pte Ltd convened and held at 400 Orchard Road *07-04 Orchard Towers. Singapore 0923 on the 29th June 1990, the following special resolution was240 words
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Advertisement277 1990-07-07 6 Df THE MATTES OT THE COMPANDEB ACT, CAP N AND IN THE MATTES OP TOMODACHI INSURANCE BROKERS PTE LTD (lMrpinMliflag*fin) (la whn' vataatery wtaJlag-ep) At an extraordinary general meeting of Tomodachl Insurance Brokers Pte Ltd duly convened and held at 116 Middle Road #08-03 ICB Enterprise House Singapore 0718 on277 words
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THE WORLD
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432 1990-07-07 7 ON. THE STRENGTH of personal spending, capital investment and recovering exports, the Japanese economy will grow a real 4.9 per cent in fiscal 1990 ending next March and 4.8 per cent in fiscal 1991, according to the Japan Economic Journal. That's the432 words
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251 1990-07-07 7 BARELY three months after they drove down their initial projections for the growth of the Japanese economy, the nation's numbers experts have turned bullish again. According to the Japan Economic Journal, Japan's major private research institutes have revised upward their economic growth251 words
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371 1990-07-07 7 AFP THE COLLAPSE of the East bloc and the threat it poses to the industrialised West largely explains rising economic and trade tensions in the West. According to a Japanese Ministry of International Trade and Industry (Miti) report, "since World WarAFP - 371 words
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Article, Illustration37 1990-07-07 7 British Prime Minister Margaret Thatcher and American President George Bush sharing a joke during the family photo session in London on Thursday after a sober first session of the Nato Summit in Lancaster House.37 words
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Article, Illustration42 1990-07-07 7 Australian circus clowns protesting outside the Sydney Entertainment Centre on Thursday the approval given to The Great Moscow Circus to tour Australian country towns, arguing they will be left with nothing and nowhere to perform'. AFP Pictures AFP PicturesAFP Pictures - 42 words
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Article293 1990-07-07 7 AP THOUSANDS of East Germans again brought their industries to a temporary halt to press demands for better pay to cope with prices that are skyrocketing under freemarket conditions. Prime Minister Lothar de Maiziere criticised the higher costs, saying prices on some foodstuffs wereAP - 293 words
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218 1990-07-07 7 Reuter THE UNIFICATION of East and West Germany is hurting Czechoslovakia's economy by cutting trade and increasing competition for badly-needed loans, according to Czechoslovak Deputy Foreign Minister Zdenko Pirek. "We in Czechoslovakia have already registered some significant negative impacts on our economy in this respect,"Reuter - 218 words
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407 1990-07-07 7 AMERICA'S persistent demand last week that Tokyo increase public works spending was as much a response to pressure from Congress back home as a desire to see Japan heat up its domestic economy, according to the Japan Economic Journal. The Structural Impediments Initiative,407 words
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345 1990-07-07 7 Reuter ABOUT 63,500 businesses have been created in East Germany so far this year, bringing ISO,OOO desperately needed new jobs in the painful transition from communism to a free market economy. Most of the new businesses founded in the first half ofReuter - 345 words
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WORLD WATCH
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98 1990-07-07 7 THE JAPANESE CABINET decided at a regular meeting yesterday to cut the rice price paid to farmers for the 1990 crop by 1.5 per cent from 1989 levels, Agriculture Minister Tomio Yamamoto told reporters. The reduction, to an average of 16,50098 words
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Article74 1990-07-07 7 FINANCE MINISTER Theodor Stolojan has warned Romanians of impending unemployment and taxes as the government pushes through economic reforms. "Unemployment, bankruptcies, income taxes and value-added taxes will be consequences of the shock therapy necessary to transform from a Stalinist economy to a market economy," Mr74 words
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Article, Illustration94 1990-07-07 7 NORTH KOREA yesterday renewed its call for promoting contact and travel between North and South Korea by opening the demilitarised zone separating the two sides. As an incentive to the South, North Korea will "open the portion of north side at Panmunjom from Aug 15, 1990", the94 words
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Article78 1990-07-07 7 A PLAN to tax securities transactions is one of several options being considered by the US administration to raise revenue and pare the US budget deficit, congressional sources said on Thursday. But the idea, labelled in an article in the Wall Street Journal as a78 words
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Article61 1990-07-07 7 SOME DISGRUNTLED Soviet coal miners apparently will go ahead with a one-day political strike next week, ignoring an appeal by the Communist Party Congress. A labour union official told the official Toss news agency that miners in western Siberia's Kuznetsk basin will stop work61 words
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Article78 1990-07-07 7 SALES OF domestically produced cars and light trucks jumped 12.5 per cent in late-June, surprising analysts and raising hopes among American car executives that the industry had turned a corner after a nine-month slump. The gains were shared by General Motors Corp, whose vehicle sales78 words
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Article56 1990-07-07 7 GIBRALTAR said it appointed a commissioner on Thursday to control the British colony's booming financial centre, which has come under attack recently for alleged money-laundering activities. William Penman Brown, a former vice-president of the Manufacturers Hanover Bank subsidiary in the Channel island of Guernsey, will run the56 words
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Article71 1990-07-07 7 ZIMBABWE is on the brink of a far-reaching economic shake-up after Finance Minister Bernard Chidzero this week won Cabinet approval to scrap state controls introduced 25 years ago. "If we implement all the policies, it could be a whole new Zimbabwe in three to five71 words
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Page 7 Advertisements
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Advertisement121 1990-07-07 7 sth-Bth July 1990 11a.m. -6.00 p.m. Wortd Trade Centre Hall 3, Singapore Meet the challenges of the 90s right here at Asia Welaex/Fastener 90. Asia WeMex/Fastenar tt promises to be tie most successfcl evert that promote# weking, engrioonng. metahwytong and buitfng industries. To the prospective visitor Asia WeMex/Fastenar 90 unveis121 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4179 1990-07-07 8 Magdalene Ng - By Magdalene Ng SINGAPORE SHARES experienced yet another quiet trading day despite the sharp falls on Wall Street and London the day before. Said a broker "Don't you know, we now have a life of our own? For 20-, 30-point falls, we will4,179 words
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Article4134 1990-07-07 9 Main Board c*e 480 +32 +7.1% FELS 50* 720 20 2.9% C4CWI 212 +15 +7.6% SLA 1360+10 +0.7% SPH Foreign 1100 +10 +0.9% NOLPreflO* 635 +10 +1.6% Sea View 560 +10 +1.8% Indicape 530 +10 +1 9% Keppd C Wrts 490 +10 2.1% ICB 5054,134 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3765 1990-07-07 10 Bernama SHARE PRICES in Kuala Lumpur yesterday closed on a mixed note for the second consecutive day due to a lack of follow-through support and on buyer's reserve ahead of the weekend. Blue chips and high-priced stocks were selectively sought after, signalling theBernama - 3,765 words
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Page 10 Advertisements
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Advertisement139 1990-07-07 10 BT SURVEYS Looking Wider, Thinking Deeper Some sutyects are of such Interest to our readers that they demand more space and more research than can be given in our dally reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap139 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2302 1990-07-07 11 Reuter TOKYO STOCKS yesterday closed higher on futures arbitrage buying in afternoon trade. There was scattered buying of small-capital issues but many brokers said these stocks had already moved too high and that the market could fade next week as there was nothing onReuter - 2,302 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2519 1990-07-07 11 Reuter HONGKONG stocks recovered on bargainhunting yesterday after initial losses and closed higher. "Many local investors went bargain hunting and sentiment was bullish," a US company's broker said. Turnover totalled HKSI.BIB billion against Thursday's HK$ 1.658 billion. The blue-chip Hang Seng Index rose 1.17 pointsReuter - 2,519 words
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REGIONAL STOCK MARKETS
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Profit-taking softens Australian market
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Article1135 1990-07-07 12 THE Australian sharemarket yesterday finished slightly weaker on profit-taking and in response to the 32-point fall in the Dow Jones index on Thursday, brokers said. The All Ordinaries index ended 3.7 points weaker at 1554.4. Brokers said the market had stood up remarkably well which suggested room Cor further1,135 words
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Article679 1990-07-07 12 THAI stocks closed mixed yesterday in selective trade dominated by heavy profit-taking on bank blue chip shares, brokers said. The official SET Index fell 20.05 points to close at 1050.13. Declines led advances 117 to 28. Most active were Union Asia Finance, Nava Finance and ITF. Some banking shares679 words
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Article367 1990-07-07 12 TAIWANESE stocks finished higher yesterday for the first time in four sessions after investors felt the index had hit bottom, dealers said. The weighted index rose 168.65 points to close at 4,693.20. Turnover rose to NTS4I.6 billion from 30.9 billion on Thursday. Buying was sparked by newspaper reports foreign367 words
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Article758 1990-07-07 12 SEOUL stocks fell in thin trading yesterday, with news that North Korea offered to partially open its borders to the South failing to boost the market, brokers said. The composite index closed at 716.17, down 6.93 points from the previous session. Turnover was 138.2 billion won against 125 billion758 words
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Article512 1990-07-07 12 PRICES on the Jakarta stock exchange closed barely changed yesterday, with the composite index easing 0.61 to 626.81. Brokers said the market was generally quiet in the day's half-day trading. Pulp producer Indorayon dominated the regular market with 138,000 shares changing hands. It rose 50 rupiah to 9,850. Astra512 words
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Article501 1990-07-07 12 PHILIPPINE shares closed mixed yesterday in quiet trade marked by spurts of buying which followed Thursday's rebound after days of decline. The Manila Stock Exchange index rose 3.19 points to close at 873.67. The combined volume at the two bourses fell to 540.15 million shares but value rose to501 words
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Article77 1990-07-07 12 LEADING New Zealand shares held their ground on healthy volumes at the dose yesterday, as Aukralian investors continued to take advantage of a low New Zealand-Australian exchange rate. "It was pretty flat, but that was a good performance after Wall Street was off 30 points," said Phil Hardie-Boys77 words
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Article664 1990-07-07 12 CIOM PrtTi—i Mr* SYDNEY All Ordinaries Index 1554.4 155®.I -3.7 Ail Industrials Index 2449.0 2453.6 -4.6 All Resources Index 875.1 877.9 -2.8 Turnover (million) 98.59 142.33 -43.74 BAWGKfHt SET Index 1050.13 1070.18 -20.05 Turnover (nearest "000) NA NA JAKARTA Composite Index 626.81 627.42 -0.61 Turnover (nearest *000) NA NA HfiHH664 words
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WORLD STOCK MARKETS
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Tax talk sparks sell-off in New York
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Article, Illustration988 1990-07-07 13 A WHITE HOUSE proposal that would tax securities transactions triggered a sharp sell-off in US stocks on Thursday and gave blue chips their biggest decline in about two weeks. Heavy programme selling and weak bond prices contributed to the drop. The Dow fell about 32.42 points to 2879.21,988 words
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Article, Illustration779 1990-07-07 13 SHARE PRICES dropped sharply on London's Stock Exchange on Thursday, as investors became worried about the outlook for corporate profits. The market opened lower and continued to decline. It was further depressed by weakness on Wall Street. But volumes were light. The Financial Times-Stock Exchange 100-share index fell 24.1779 words
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Article237 1990-07-07 13 WEST GERMAN shares soared nearly one per cent yesterday as foreign investors apparently worried they could miss the boat jumped into the market. The DAX index of 30 leading shares closed at 1,932.80, up 18.62 points from Thursday's finish and more than 50 points or 2.8 per cent above237 words
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Article240 1990-07-07 13 SUGAR and foods group CSM extended its earlier gains as Dutch share prices picked up slightly at mid-session yesterday in very thin trading, dealers said. At 1200 GMT the CBS all-share index was up 0.2 points from Thursday's dose at 119.7. CSM gained 2.60 guilders to reach a 12-month240 words
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Article427 1990-07-07 13 SWISS shares were mostly higher in lively trading at midsession yesterday, buoyed by signs that Swiss interest rates were now beyond their peak. The all-share SPI index was 8.6 points higher at 1,217.8 while the SMI index of leading shares rose 15.7 to 1,804.5. Wall Street's 32-point loss the427 words
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Article159 1990-07-07 13 BELGIAN shares opened mixed yesterday in low volume of 170 million francs with chemical stock UCB the only share to give the market some sparkle. Traders said the market showed little reaction on the downside to overnight losses on Wall Street and on the upside to gains on the159 words
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Article353 1990-07-07 13 GOLD SHARES closed lower in dull trading in Johannesburg on Thursday in the absence of any fresh factors to stimulate activity. Caution about the bullion price remains prevalent, dealers said, noting thin overseas trading conditions, ahead of the reopening of US markets after their July 4 Indepence Day holiday,353 words
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Article264 1990-07-07 13 ITALIAN share prices extended their weak run to cioae 1.21 per cent down overall under pressure from the persistent selling of blue chip stocks, brokers said yesterday. The market's nerves were further jolted by talk a broker was facing problems in meeting financing guarantee commitments because of the market's264 words
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Article263 1990-07-07 13 FRENCH SHARE prices hovered around the key psychological barrier of 2,000 on the CAC-40 index yesterday, with strong support for construction stocks on hopes the French peace dividend would be ploughed into new homes, roads and schools. Dealers said that reports the French government planned to cut military spending263 words
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Article317 1990-07-07 13 July5 Clo« PwloM -f/. NEW YORK Dow Jonea 2,879.21 doted -32.42 NYSE Financial 143.53 doaed -1.42 SAP 500 3SS.6I doted -4 48 Turnover (million) 121.32 130.30 -2.18 L0N00N Financial Timet 30 1838.2 1881.1 -22.9 FTSE 100 2331.4 2355.5 -24.1 Turnover (million) 386.8 353 33.8 AMSTERDAM CBS General 196.40 197 60317 words
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CURRENCY, MONEY & FUTURES MARKETS
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1229 1990-07-07 14 FOREX MARKET REPORTS STERLING was again well bid during a quiet European morning session yesterday, but dealers are becoming nervous after its recent surge and antidpate a correction soon. By 1100 GMT the pound had firmed to ***** marks from an1,229 words
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Article388 1990-07-07 14 Cross rates juiy 6 USS SS MS Dm Yen SFr A$ NZJ USS 1.8315 ***** 1.6545 151.05 0.5613 1.4025 1.2531 1.6949 SS ***** 1.4778 0.9034 ***** 0.3065 0.7658 0.6842 0.9254 MS 0.3695 67.67 0.6113 0.5581 0.2074 0.5182 0.4630 0.6262 Dm 0.6044 1.1070 1.6358 91.30 0.3393 0.8477 *****388 words
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Article565 1990-07-07 14 Interbank rates s» BM Ofc Overnight 7 1/4 7 1/2 1-month 7 3/4 7 7/8 2-month 7 V4 7 7/8 3-month 7 3/4 7 7/8 Overnight mode 7-3/4 US> BM Offer 7 days 8 1/4 8 3/8 1 month 8 3/16 8 VI6 2 months 8 3/16 8565 words
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Article291 1990-07-07 14 Reuter IF YOU bdieve some analysts, the Australian dollar has recently been defying gravity. Many warn that the currency is overpriced and vulnerable. But it steadfastly continues to rise, surging past the US$O.BO levd this week for the first time in 15 months. The world's sixthReuter - 291 words
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Article1495 1990-07-07 14 SIMEX Open High Low Sett Eat Vat Opflnt Vol Sep 90 91.13 9L83 9177 9L82 9513 ***** 333* Dec 90 91.13 91.83 91.77 91.82 4079 7405 3614 Mar 91 91.79 91.79 91.74 9I.7S 924 2888 1610 Jun 91 91.64 91.64 91.60 91.63 171 SIO 390 Sep 91 91.491,495 words
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COMMODITIES
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Article436 1990-07-07 15 MBT THE MALAYSIAN palm oil industry is working on setting up three large groups to market its produce in the international market. This is aimed at reducing competition among Malaysian producers so as to get equitable prices for the commodity. Primary Industries Minister DatukMBT - 436 words
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Article242 1990-07-07 15 Reuter CHILE Copper Corp (Codelco) closed a wing of its El Teniente mine following another rock blast there and will not reopen it until the shafts are reinforced, a company manager said. The closure will last until December and means a drop of 18,000 tonnesReuter - 242 words
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113 1990-07-07 15 AP MALAYSIAN Primary Industries Minister Lim Keng Yaik has expressed confidence that in releasing tin from its stockpile, the US government would not do anything to affect the already depressed market. On Monday, the US National Defence Logistics Agency resumed commercial sales ofAP - 113 words
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812 1990-07-07 15 REPORTS HIGHER disposals and buyers' reserve brought down the price of tin by another eight sen to M$ 1 5.96 per kg on the Kuala Lumpur Tin Market (KLTM) yesterday. Traders said the market's tone was still very bearish in view of812 words
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Article1320 1990-07-07 15 Rubber My 6 ■OS (tot hi totm) Scents/kg Noon Close Int I RSS Prompt I56.OOIS7.OON 156.OOI57.OON Int I RSS Aug 90 157.*****.50 I57.00I57.50N Int 1 RSS Sep 158.*****.00 I58.50I59.00N Int 2 RSS OP 153.50/155.SON I53.*****.50N Int 3 RSS OP I49.OOI51.OON 149.00/151 OON Int 4 RSS OP 145.00/147.00N 145.00/147.00N Int1,320 words
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Page 15 Advertisements
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Advertisement15 1990-07-07 15 Read Chartpoint, a guide (o investing in the stoek market. Every Saturday in Business Times.15 words
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Advertisement134 1990-07-07 15 Everything You Need To Know... About Words... About Names... ~1 YV lb About Places I r\ »j ji fjgj H Bl i Idf V I >jt JWkJJ HV About People... In one magnificent volume: Science Technology Ballet Music Gardening Finance Sport Architecture Astronomy Law Archaelogy Mineralogy Ecology Politics Religion Cinema134 words
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Article, Illustration413 1990-07-07 16 Kenneth James - By Kenneth James MALAYSIAN Prime Minister Datuk Sen Dr Mahathir Mohamad yesterday said the growth triangle concept was a good idea, adding that he was "quite agreeable" to having the triangle become part of the planned development of Johor state. Dr Mahathir413 words
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279 1990-07-07 16 Reuter JAPAN will not neglect its Asian neighbours in a rush to provide more economic aid to Eastern Europe and Latin America, officials say. They say Japan will join other members of the G-7 group of industrial nations the US, West Germany, France,Reuter - 279 words
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Article, Illustration291 1990-07-07 16 AFP BRITISH AIRWAYS (BA) has ordered 33 Boeing 747-400 jumbo jets at a cost of almost £4 billion (US$7.l4 billion) in its biggest ever single order. BA has made a firm order for 21 747s at a cost of about £2.33 billion (US$4AFP - 291 words
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241 1990-07-07 16 Reuter THE FRANKFURT bourse board said it approved a plan to transform the bourse into a joint stock firm by Jan 1, 1991. The move splits the bourse from Frankfurt's Chamber of Industry and Commerce. The new firm, Frankfurter Wertpapierboerse AGReuter - 241 words
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316 1990-07-07 16 AP NATO yesterday offered the countries of the Soviet-led Warsaw Pact a non-aggres-sion declaration, invited President Mikhail Gorbachev to its headquarters, and proposed the eventual elimination of nuclear artillery shells. US President George Bush and other leaders of the North Atlantic Treaty Organisation, atAP - 316 words
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Article149 1990-07-07 16 PRIME MINISTER Lee Kuan Yew is slated to be the keynote speaker at the Commoawealth Press Union's annual conference to be held in Hongkong in mid-October. Announcing this in its journal, CPU News, the I Jinitnn hnicd association Mr Lee would deliver n "fascinating149 words
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384 1990-07-07 16 Bernama MALAYSIA is expected to record a loss of Ms7so million in export earnings from commodities in the first half of this year compared with the same period in 1989 due to the marked fall in petroleum earnings. Bank Buruh Bhd, in makingBernama - 384 words
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267 1990-07-07 16 Reuter AN AMERICAN company has pulled out of a project to build a US$34O million power generation plant for Caltex Petroleum Corp unit Caltex (Philippines) Inc after two and a half years of negotiation. In a serious blow to the government'sReuter - 267 words
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Page 16 Advertisements
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Advertisement112 1990-07-07 16 ■BSBI FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with I I I management, management concepts in practice, /o j Vj profiles of leading managers in Singapore and J relevant book reviews. yylJ ITX ENTERPRISE MANAGEMENT, in Business )'i ay Times every Monday, is must reading112 words
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Executive Lifestyle
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Article, Illustration1184 1990-07-07 17 Claire Leow - Who hoards these grapes i of the possible aftermath? :Who might possibly prefer ia cellar to a Honda? Why? Claire Leow finds out Claire Leow O M E T H I N G about bottled grapes does strange l things to certain r people. According1,184 words
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STRAWS IN THE WIND
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Article31 1990-07-07 17 VISITORS to the recent Singapore 2000 exhibition were asked to sit on the floor at the Theatre of the Future. "This must be the seat of the future," quipped one.31 words
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Article29 1990-07-07 17 AGAIN on Singapore 2000. A reader called up to say it should have been called Japan 2000, since most of the stuff in the exhibition was Japanese-made.29 words
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Article45 1990-07-07 17 ACCORDING to an American study, men produce less sperm during the summer, which may account for a dip in the spring birth rate. Well, at least that doesn't apply here, in a land where the birth rate fluctuates according to the zodiac year.45 words
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Article56 1990-07-07 17 AN INSOMNIAC football fan let loose a Freudian slip when a drawn-out three-hour match between Argentina and Italy stood at draw, with the final outcome to be decided by a round of penalty kicks. When he heard this, the numb fan blurted out: "What, Panadoi kicksr He was duly56 words
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Article47 1990-07-07 17 THERE IS a school in England called Giggleswick. A Singaporean lady sent her child there for a lark, though some of her friends thought it was a stupid name for a school But if anything, the kids should at least emerge with a sense of humour.47 words
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OPINIONS
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Article, Illustration1068 1990-07-07 18 Robert Barton - Robert Barton is not only a repository of old Singapore but an acute observer of new Singapore as well. He provides some refreshing insights into what happened along the way. Robert Barton Mr Barton was the group chief executive and managing director of Cold Storage1,068 words
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542 1990-07-07 18 Gene T H Sng - LETTERS TO THE EDITOR Gene T H Sng CONGRATULATIONS for producing a very good article on warrants in your weekend edition (BT, June 23-24). The article is a great improvement on past efforts and covered a much wider area. However, two important points542 words
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208 1990-07-07 18 Mrs J S Goh - Mrs J S Goh Manager Corporate Communications Dept Singapore Telecom WE REFER to the article, "Singapore Telecom poised to move into the PC market" (BT, June 28). Thank you for your coverage of the opening of our two-day Teleview Service Provider Conference. However, we208 words
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251 1990-07-07 18 B Y Hiew - B Y Hiew Senior Manager (Product) Tan Chong Sons Motor Co (S) WE REFER to the letter by K H Kwek (BT, June 16) and titled, "Car Mark-Ups: making profits or profiteering". In response to the writer's query on the high mark-up for the251 words
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364 1990-07-07 18 Lim Ang Yong - Lim Ang Yong Acting Director Civil Service Institute WE READ with interest the article entitled "Civil servants need training in better service" (BT, June 23-24). In particular, we quote: "Some civil service officers have probably not received what is known as 'attitudinal' training. Perhaps what364 words
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Article755 1990-07-07 18 Soh Tiang Keng - The 'fever' is about to abate. Life is returning to normal. Soh Tiang Keng, who never misses, a World Cup final on TV since 1966, tells why. he has survived soccer mania yet again. Soh Tiang Keng Tomorrows world Cup final between West Germany755 words
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363 1990-07-07 18 I REFER to your report "Straits Land to be acquired" (BT, July 5). The Gazette Notification dated July 4 clearly specified that only Lots 1-36, 1-44, 1-46, 1-47, 99-2, 99-3, 99-4 and 1-10 all in Mukim 2 belonging to Straits Trading Co Ltd363 words
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Article396 1990-07-07 18 I REFER to the reply (BT, June 30) by the Singapore Institute of Surveyors and Valuers (SISV) to my query about the undue emphasis placed on academic qualifications as a prerequisite for the real estate agency course. In its usual style, the SISV completely ignored the contents396 words
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Article, Illustration1265 1990-07-07 19 P J O'Rourke - P J O'Rourke, wary of all mass movements, declares war on the eco-trippers P J O'Rourke Punch 1F THE great outdoors is so swell, how come the homeless aren't more fond of it? But can any decent, caring resident of this planet possibly, disagreePunch - 1,265 words
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EPICURE
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Article743 1990-07-07 20 Quek Swee Peng - Quek Swee Peng dives into the lunch crowd at Wah Lok for its seafood specials Quek Swee Peng I WONDER what crab maestro Sebastian would say. The clever crustacean in Walt Disney's production, The Little Mermaid, would probably gasp at the realisation that two of his cousins743 words
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Article, Illustration816 1990-07-07 21 N K Yong - N K Yong begins the first of a two-part guide to buying red burgundy N K Yong BUYING red burgundy has always been difficult. It is scarce, considering that Burgundy is very much smaller than Bordeaux, with fewer good vintages. Although production is small,816 words
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Article, Illustration918 1990-07-07 21 Richard Seah - Computers may be hazardous to your health, warns Richard Seah Richard Seah Richard Seah is editor of the health magazine, The Good Life WRITING this article puts my health at risk. I'm using a Macintosh computer, which, according to the latest issue of Mac918 words
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Article, Illustration499 1990-07-07 21 PLACIDO DOMINGO isn't just coming to Singapore to sing; he's also going to tell the organisers how to run his show. Or so it would seem. Hailed as one of the finest operatic tenors of the century alongside Luciano Pavarotti, the Spaniard will be499 words
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PURSUITS
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Article, Illustration1671 1990-07-07 22 Sangeeta Mulchand - Sipping a king coconut by a beach in Sri Lanka at sunset, Sangeeta Mulchand falls in love with... Sangeeta Mulchand THERE WERE no tanks in Colombo. Or in the towns in central and western Sri Lanka. There were, however, big boards pointing to police stations1,671 words
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Article, Illustration343 1990-07-07 22 Samuel Ee - Samuel Ee treads gingerly around the new Royal Doulton boutique in town Samuel Ee PERHAPS you have selective dyslexia. Perhaps it doesn't allow you to recognise the word "fragile" in any colour or point-size. Even if there's an accompanying picture of an umbrella.343 words
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SPORTS
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Article, Illustration591 1990-07-07 23 Fate has so far appeared to be on Navratilova's side as she sails into the semi-finals of her latest title challenge. What are her chances of clinching the elusive record ninth Wimbledon singles title for which she craves? AFP OPPONENTS must be wonderingAFP - 591 words
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Article, Illustration203 1990-07-07 23 Reuter WORLD CUP fever and tighter safety rules have slashed the crowds at the Wimbledon tennis championships by 50,000, according to official figures. Attendance is down by almost 15 per cent compared with 1989, largely because of the reduced capacity ordered by safety experts and the lureReuter; Punch - 203 words
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475 1990-07-07 23 AP THE TWO NATIONS in tomorrow's World Cup final may the same, but Argentina and West Germany have produced the reverse images of the teams that battled for the 1986 World Cup. Argentina streaked in 1986, showing off skills, poise andAP - 475 words
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468 1990-07-07 23 Reuter IVAN LENDL wants it badly, Stefan Ed berg feels he has a good chance and Goran Ivanisevic is,, hoping for the best. But when the Wimbledon men's singles semifinals started yesterday, defending champion Boris Becker was the player they all feared the most.Reuter - 468 words
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SIDE LINES
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90 1990-07-07 23 GEORGE FOREMAN, hoping to earn a shot at the heavyweight title, will continue his comeback against Canadian champ Ken Lakusta July 31 in Edmonton. Foreman said at a news conference in Edmonton on Wednesday that he would prefer to be in the ring with90 words
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Article104 1990-07-07 23 JENNIFER CAPRIATI has been named to the US Federation Cup team, which will seek to defend its title later this month. The 14-year-old sensation will join Zina Garrison, Mary Joe Fernandez and Gigi Fernandez for the competition in Atlanta, Georgia, from July 21 to July 28.104 words
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Article135 1990-07-07 23 ENGLAND MANAGER Bobby Robson said in Turin on Wednesday that the penalty shootouts which decided both World Cup semifinals were an unfair tie-breaker and urged the use of a simple alternative. "You play on, after extra time. You play on until something happens and a goal is135 words
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Article98 1990-07-07 23 MARK O'MEARA and Greg Hickman shot seven-under-par 64s for a one-stroke lead after the first round of the US$l million Anheuser-Busch golf tournament in Williamsburg, Virginia, on Thursday. Lanny Wadkins and Brian Qaar are in second place, a stroke off the pace. A group of seven98 words
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Article109 1990-07-07 23 GIANT sumo wrestler Konishiki is laid up with gout just before the start of a major tournament. The average sumo wrestler puts away mountains of fish stew, rice, beer and sake daily to build up fighting weight. Hawaiian-born Konishiki clearly takes all of his share109 words
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173 1990-07-07 23 Reuter BELEAGUERED Australian entrepreneur Alan Bond has announced he will not contest the next America's Cup series to be held in San Diego in 1992. Bond, who made history in 1983 as the first challenger to win the yachting trophy from AmericaReuter - 173 words
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JOBS
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Article, Illustration803 1990-07-07 24 Anna Teo - Sometimes, there are unusual twists in the executive search industry. The head honcho of a Japanese firm just set up here was a top scalp at a competing company. He was a hunter who became the hunted, and got caught. Anna Teo reports Anna803 words
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313 1990-07-07 24 SALARYMEN in Japan, from marketing executives to engineers and research and development scientists, are being prepared in record numbers to work abroad as companies attempt to ease the "investment friction" that has made them the target of criticism. According to the latest313 words
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251 1990-07-07 24 JAPANESE salarymen preparing to work abroad are being taught that the body language and expressions they are used to can communicate acutely different meanings in foreign cultures. The poker-faced expression that is almost second-na-ture to Japanese businessmen may communicate to Westerners that they251 words
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1006 1990-07-07 24 Michael Dixon - Vfichael Dixon says recruiting top people one way and their juniors differently is blinkered snobbery Michael Dixon FT ANYONE seeking an example of grim irony need only consider what looks to have been Europe's first formal measure to promote social equality inFT - 1,006 words
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Article, Illustration250 1990-07-07 24 Andrew Mainprize has been appointed marketing director for Citibank Singapore's Consumer Services Group. Mr Mainprize, 38, joins Citibank from Pepsi-Cola based in Singapore, where he was area vice-president in charge of South Asia operations. Michael Goh has been appointed Federal Express' regional manager for Southeast Asia. He250 words
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PERSONAL FINANCE & INVESTMENT 1
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845 1990-07-07 25 Lim Mui Khi; Magdalene Ng - Two companies will soon be listed on the Stock Exchange of Singapore. Lim Mui Khi profiles Singapore Aerospace while Magdalene Ng sounds out General Magnetics STCKK Lim Mui Khi Magdalene Ng SINGAPORE Aerospace: the name excites. It brings to mind space-age technology, and images845 words
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Article664 1990-07-07 25 CASSETTE tape maker General Magnetics' new share offer has all the makings of an ideal stag. The shares are priced at less than 10 times annual earnings, making it cheap when compared with earlier issues this year where prospective price earnings had ranged from664 words
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Article930 1990-07-07 25 Professor Norbert Walter - Professor Norbert Walter examines the implications of German unification on the mark Professor Norbert Walter Prof Walter is the chief economist of Deutsche Bank JULY 1 saw the start of a new era for German monetary policy. The foreign exchange market has been930 words
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DON'T QUOTE ME!
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139 1990-07-07 25 GUTHRIE-GTS likes to portray itsdf as an old company that has been rejuvenated by new management. (Very new indeed. Its CEO of one year, Mr Low Hua Kin, was recently ousted at a shareholders' meeting.) Perhaps it is fitting that it has identified139 words
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Article80 1990-07-07 25 ASTROLOGER Joyce Jillson, gazing into her crystal ball, has come up with this prediction for beleaguered American tycoon Donald Trump: By 1996, David Geffen (who's he?) will own Trump Tower and Yoko Ono will be running the Plaza. Donald and Ivana will reconcile, and pool their80 words
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Article, Illustration166 1990-07-07 25 C Dow - By C Dow THE STIR in the banking sector last week following the announcement on relaxed foreign shareholdings limit brought the SES All-Finance index to a post-'B7 crash high of 414.39, But there was no follow-through as the dust quickly settled166 words
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Article643 1990-07-07 26 Alan Street - TAKING By Alan Street WHILE IT is perfectly possible for a life insurance policy to be issued as a stand alone contract, it becoming increasingly popular various optional extras or "riders" to be included under one policy in order to provide a more complete insurance plan643 words
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Article, Illustration918 1990-07-07 26 Outlook for major European stock exchanges over the next six months Reuter THE FTSE-100 index could end the year on a high note if, as many analysts forecast, Britain joins the exchange rate mechanism (ERM) of the European Monetary System, and UK. base rates fall as aReuter - 918 words
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617 1990-07-07 26 Reuter WEST GERMAN shares are forecast to set new records by the end of 1990, boosted by expectations that the opening of East Germany and other East Bloc countries will bring windfall profits for West German firms. Share analysts expect theReuter - 617 words
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Article468 1990-07-07 26 Reuter Foreign investors fell in love with France's stock market in the spring but their passion has since waned, leaving analysts with mixed feelings about prospects for the Paris bourse for the rest of the year. "For the time being I don't think theReuter - 468 words
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THE TRAVEL PAGE
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Article974 1990-07-07 27 <*y FNgM ETA FHftt ETD C«Jf FlgM HA FNgM Cm) Aha MmM SQ115 2005 SQ114 MH616 1745 1900 AMaMa SQ226 2035 SQ119 2205 SQ118 1945 QF81 2005 SQ121 2320 MH618 2045 01/V\ AMteriM SQ23 K L 8 3 1350 7 KL838 2115 SQ120 QF31 2.1UU 2145974 words
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Article, Illustration472 1990-07-07 27 LETTER FROM NEW ZEALAND Fast and furious the river filled its steep course, preventing easy travel. The climbers clambered over a huge boulder and plunged into dense scrub again. Persistent drizzle deepened into drenching rain as the evening light faded. Just as darkness472 words
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Article153 1990-07-07 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4520 1.4820 Canadian dollar 1.5600 1.5800 NZ dollar 1.0670 1.0970 Sterling pound 3.2500 3.2800 US dollar 1.8270 1.8370 Local dollars to 100 units of fort ign cHTficy Austrian schilling 15.40153 words
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Article345 1990-07-07 27 Duration Title Venue Organncr Td Duration Title Venue Otguiner Td July 12- Property Financing Hilton AIC 03-*****43 Oct 12-16 Tokyo Pack "90 Harumi, International PO Boa l$Jl! 13 Kuala Conference Tokyo Information Japan Lumpur Centre July 12 Effective Marketing Hilton AIC 03-*****43 Oct 14-18 Health Care Saudi345 words
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TIME OFF
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Article197 1990-07-07 28 The World's Greatest Musical My Fair Lady This musical production has a long history dating back to 1912. This is an Alan Jay Lemer and Frederick Lowe adaptation of Bernard Shaw's Pygmalion. The relationship between Eliza and Higgins provides the core of the story, as the other characters weave197 words
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Article, Illustration264 1990-07-07 28 K Jayanti - Compiled by K Jayanti Treasures of Han On display are more than 200 pieces of Han Dynasty artefacts, including a jade suit made up of more than 2,000 pieces of jade sewn together with about one kg of gold thread. Till next April. Venue: The Empress Place. Time 9am-9pm.264 words
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Article, Illustration463 1990-07-07 28 CwiMei ef War Sean Penn and Michael J Fox are two friends in the Vietnam War who fall out with each other when Penn wants to have his way with a Vietnamese girl and Fox doesn't Midnight tonight at Orchard and Marina 1. Nit List. Just when you thought463 words
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Page 17 Advertisements
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Advertisement274 1990-07-07 17 OOOQ jn*««r Today, one watch reigns supreme. i *jJj Ultra-thm Ro\bl Oak in 18kt gold, diamonds set bezel and bracelet, full pave dial. BA *****/477 BA (Gents) BA *****/722 BA (Ladies). In 1972, the master watchmakers by eight hexagonal bolts. The perfect at Audemars Piguet created the first match between274 words
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Miscellaneous0 1990-07-07 17 (%+[:\<-`$-,=!<!{?$"<${?]{%[/.]0 words
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Miscellaneous54 1990-07-07 18 DOONESBURY BY GARRY TRUDEAU v M/KE, ENOUGH tUTTH THE I PUNNO, J.J..MAYBE 1 MAYBE rTtSVME TO VOCES. YOU HAVE A FAMILY. I KNOW- T UIONT 1 SHOULD UttNTO 1 QUfT THE BUSiNBS6 A 5 H/EMP AS TT MAY SOUND VOU'KB AMOKE MY INNEA VOICE... I ANPHNPMORESAVS- COMIN6 FROM ME, RIGHT.54 words
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Advertisement47 1990-07-07 19 <IA. -T 4 m MRi 4p» «r »V, /l^Hjj^^P^*sBf M vmCJB M '.»'j.»'. T .»t»'»' LttWarff.o »iw tmm iiiiitiiinit H I I ENGLAND t c ">JKS3B DISTILLED IN LONDON. ~^^Jjß^| Kw u> >p ""'c* M«iit»AM. jjfk Ki^Bdiflßi^^^^ fl a# l .«yg h ,j J > > *.> 5 a.;■- Kp47 words
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Page 20 Advertisements
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Advertisement253 1990-07-07 20 WHERE TO WINE. DINE AND ENTERTAIN... WHERE TO WINE. PINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot MK 1 ■■HHIMPIIViS The Szechuan Court is proud to present the return of The Xi'an Master Chefs from The Golden Flower Hotel of Xi'an. With skills as legendary as the253 words
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Advertisement333 1990-07-07 20 PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Singapore favourites and international specialities at Plum's, on Fridays and Saturdays. Dinner buffet onlv. Price: $22* aitiMiiiiuiiuiiit PLUM'S **********1 l 'Plus 10% Service Charge and 4% Government Tax HWT REG»CY©SMGAPOR£ 10-12 Scocts Road. Singapore 0922. Tel: "*****8333 words
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Advertisement177 1990-07-07 20 rE —a-, SMKXX thoitk UNI Lp CHOW IHiMMffoJ I I Cantonese-Thai buffet at I Seafood Theatre Restaurant. I KkW lunch plus soft drink I IBS or ch below 12 I Hlf J accompanied by an adult. I D° nt miss out on this I doubleblll feature! BracHKoedShwwro7l9M *****11 under the177 words
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Advertisement216 1990-07-07 20 a Oyster Rockefeller, Roast Porkloin stuffed with chillies, Prawns Creole, Flapjacks, Apple Pie... the list goes on at The -jl. Belvedere's American Buffet in July. For a true-Blur American -ameal, c'raon over to The Belvedere. lM||||M Em fet July 1-31, noon 2.30pm Adult: $36++, Child below 1&$18+ We serve the216 words
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Miscellaneous14 1990-07-07 20 STRUPZL anpC&EAM Ml iff ii w-i'» i ii. i iii b r> ■iTrrrrrrii i14 words
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Page 21 Advertisements
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Advertisement197 1990-07-07 21 >■. AND ENTERTAIN ATXste For Italian Masterpieces. r* rTOufjia?*So ,c> raic^DVLTSSn From 6 to 16 July, wc present you with the taste sensations of Italy. Authentic specialties prepared with the freshest ingredients. And to spare you the dilemma of choosing from a menu, we've laid out a superb buffet. A®.197 words
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Advertisement164 1990-07-07 21 TDAIVA Restaurant and 1 Kv/lI\A Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Romantic Candlelight Dinner with Karaoke at Troika. Happy Hours Daily $12.00++ One for one drinks Free titbits Restaurant Hours w' nC j c Karaoke Hours Mondays to Saturdays Daily 1130 am to 230pm 6.30pm to 100 am Dinner:164 words
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Page 22 Advertisements
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Advertisement44 1990-07-07 22 I Win Boctok I I I I Check I Out I I The I New p Paper's I I Sunday I I World I I Cup Editions June 10, 17 24 July 1 8 Available At All 7-Eleven Outlets And p Convenience Stores pf44 words
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Miscellaneous0 1990-07-07 23 &[%=++"<)"*]_&`~/\|_/>\_!:&:<=^0 words
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Page 24 Advertisements
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Advertisement297 1990-07-07 24 SUCCESS MOTIVATION INSTITUTE, is the world's largest producer of program systems in the fields of Human Resource, Executive Development, Sales and Time Management. National openings are available for individuals seeking an outstanding business opportunity. Selected franchisees will receive complete training and marketing support from an organization that has enjoyed 30297 words
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Advertisement225 1990-07-07 24 DHL IN THE NEWS Advertisement r*l ICTAftICDC' CI IDDADT DHL was also th Proud recipient of the V/UOlUmCrld OUrrUn I first-ever National (T Award 1990, presented by the National Computer Board. DHL emerged winner DRIVE DHL TO WIN inthePrivateSectorfromatotalofB4rK>minations received. DHL was given the award lor its strategic A TOP225 words
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Page 26 Advertisements
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Advertisement172 1990-07-07 26 LET US HELP TURN YOUR IDEAS INTO ASSETS n a business, It takes Ideas to move you For years, Hong Leong and Singapore I ahead. At Hong Leong and Singapore Finance have worked with thousands of Finance, we provide the expertise and put businesses of every size and industry no172 words
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Advertisement39 1990-07-07 27 Iht huMiu-" ptrM»n'» hoin ocrv luiml.h. y 1 F —X Tr I hyvl.n. Viiiinl.u n.Witui.n h.in«;i IX I I VI Yc IN LL V V 1 WlvK de) [»i: \r n < u I' i;i->n A' i: \TV Air Canada39 words
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Advertisement121 1990-07-07 27 B i v w ScalpeLscissors_sutijres_ Business Times Whether you're a surgeon. Lawyer, contractor or engineer. all the current trends that affect them. you need to be kept well Informed to maximise returns on Essential Information accessible every business day your money. through Business Times. In the same way a surgeon121 words
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Page 27 Miscellaneous
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Miscellaneous148 1990-07-07 27 child five the Orient (7) 26 One is not free to serve it 'y ose one s head for YESTERDAY*S SOLUTION (6,8) the time being (4,2,9) Bglrlalnlolnlaltl I IqlnlallM 8 Strangely remote body (6) [AMEMEMoIiIRRRoMspRC| DOWN 13 Respect fewer who are un- pfflLiUAfmTßAfNllMaltle 1 Back to drink wine (7) °r148 words
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Miscellaneous203 1990-07-07 27 Singapore Report (Thur) Max temp 31.1"C Assoc humidity 73% Min temp. 24.4* C Assoc humidity 94% Hrs of sunshine 5.10 Rainfall in mm 2.5 Rainfall this mth. 6.4 Rainy days this mth 2 World forecast Asia-Pacific Hi/Lo* Cood. Auckland 14/10 Showers Bangkok 33/26 Showers Beijing 29/19 Cloudy Brunei 32/23 Showers203 words
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Miscellaneous5 1990-07-07 27 c sjMgH/u CO. LIP- Ittt-HW &<&»*-■5 words
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Miscellaneous1591 1990-07-07 28 TODAY'S TV rnrnmrntrmmiflKfmvT'nmH hhhmhhihmhhihhbhhhbi im »•<»**•<m>. The iKh Read H Beyond Baghdad. Misfortunes, 2pm, TVI Backstage, 4.25pm, SBC lis Piiwirtiry. When the plane they're trav- in the j-*J 1 elling in crashes into the sea, theme this week, Dudley 1.30 Eatertalameat Pratwo survivors manage to find Moore is a harried1,591 words
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Miscellaneous697 1990-07-07 28 MOVIES ON TV Tlm Lards af Plictplai, Mas, to a little town in the Pennt IQpw, TV2 sylvanian Dutch farmlands When a young man becomes e^ins complex rdathe first black cadet of a tionship with a 16-year-old South Carolina military whose girlfriend school in the *****, he can leavefor the697 words
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