The Business Times, 28 July 1990

Microfilm: NL17037
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 170/12/89 Weekend Edition, July 28-29 1990 75*
    11 words
  • NEWS & MARKETS SUMMARY
    • Article
      Dow Jones lower
      62 1 THE NEW YORK stock market headed lower yesterday morning, confronted with new evidence of sluggish business conditions. The Dow Jones average of 30 industrials dropped 7.18 to 2,913.61 in the first hour of trading. Losers held a slight edge on gainers in the early tally of New
      62 words
    • Article
      Footsie lower
      41 1 LONDON share prices were lower in featureless, light trading at midday yesterday. At 1115 GMT, the Financial Times-Stock Exchange 100Share Index was down 4.3 points, or 0.2 per cent, at 2,339.9, its session high. The morning low was 2,327.9.
      41 words
    • Article
      Japan ready to assist Soviet Union in economic reform
      70 1 JAPANESE Prime Minister Toshiki Kaifu said yesterday that Japan would seek better relations with the Soviet Union by offering know-how and personnel to assist Moscow in its economic reform. Mr Kaifu also took a softer stance regarding Tokyo's conditions for normalisation
      70 words
    • Article
      Cheaper rice
      28 1 THE import of rice will be liberalised in October. The move is expected to lead to a wider variety of rice and cheaper prices Page 2
      28 words
    • Article
      GenMag in Bremen
      53 1 GENERAL MAGNETICS has set up its first overseas sales representative office in Bremen, West Germany, as part of its plans to build a marketing distribution network spanning the Americas, Europe, Africa and the region. General Magnetics' public offer was oversubscribed 142 times, drawing $3.6 billion in application
      53 words
    • Article, Illustration
      STOCK INDICES
      28 1 Friday Change BT-MGA 814.62 +0.69 Kuala Lumpur ....627.76 +0.75 Hongkong 3,485.80 +2.21 Tokyo 30,863.48 -506.27 Sydney 1,578.7 -11.5 Thoraday Change New York 2,920,79 -10.15 London -20.6
      28 words
    • Article
      CURRENCIES
      19 1 bdMji rates US$ SS 1.8190 Yen S$ 1.2074 MMwanrhat SS0.6715 Overnight 1 1/2 -I 3-month 7 1/16% unch
      19 words
    • Article
      COMMODITIES
      34 1 Lm4m Md PM fix US$366.75 -US$2.00 Store Aug... 155.50*/kg -0.75 M'sia Aug M233.50 '/kg +0.50 KLTta Turnover 72 tonnes -5 Spot M$16.02/kg +0.05 Crad* pttm «i Turnover 548 lots -53 Aug M$660/tonne +3
      34 words
  • Article, Illustration
    Garuda aiming to use Singapore as hubbing point
    497 1  -  By Linda Chee GARUDA Indonesia wants to use Singapore as a hubbing point for its regional services. The president of the stateowned carrier, Mr M Soeparno, told BT that his company and other Indonesian airlines such as Sempati were also looking at
    497 words
  • Article
    SES expresses concern over SIA statement
    654 1  -  By Lee Han Shih THE STOCK Exchange of Singapore (SES) yesterday expressed its concern over a comment made by Singapore Airlines (SIA) at its annual general meeting (AGM) held last Saturday. The exchange was referring to a press report that SIA had appointed "an
    654 words
  • Article
    Lock icon Asean raps 'foot-dragging' rich nations
    121 1 Reuter EXPORT-dependent Southeast Asian nations, concerned about rising protectionism in the West, hit out yesterday at foot-dragging by industrial powers on reaching agreement on trade liberalisation. The Association of Southeast Asian Nations yesterday opened three days of talks with its main trading partners, the US,
    Reuter  -  121 words
  • Article, Illustration
    Lock icon Bond in S'pore to seek help
    233 1  -  By Lee Han Shih BELEAGUERED Australian tycoon Alan Bond flew into Singapore last night in an attempt to round up financial help before his Aug 9 meeting with creditors in London. Striding out of the airport's arrival hall in his famous brisk manner, the
    Photo by Karim Iskandar  -  233 words
  • Article
    Opec aims to raise target price by US$3
    157 1 SAUDI Arabia and Iraq have clinched a compromise Opec agreement to raise the cartel target price by US$3 to US$2l per barrel, the first increase sinoe 1986. A communique raising the price to US$2l from US$lB was to be in a plenary
    157 words
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      Page 1 Advertisements Column 1
      154 1 Nikon TtttWMdtFliiMt Pholoyphic By»m. COVER OPINIONS [PURSUITS T" .J> LIFESTYLE jjQBS FINANCE A slow Getting customers to Ready to S^if^FT? 6 tatS&VL9 S :Lt2* F*i fight back. EL 2 Ho /A N survival. EL 5 money. EL 8 potential. EL 9 trot from ni. ride t 6 I Rover wheels
      154 words
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      8 1 Reports on the Asean post-ministerial conference, Back Page
      8 words
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      Page 1 Advertisements Column 3
      242 1 T" tfho* I* ft** I &h\ v, v.V> *< f HISTORY IN TIME F It- a. Hf \euion. automatic in I Set gold or gold/steel Planetarium Copernicus, individually numbered, handmade in IBct ((old. Michelangelo, automatic in 18 ct gold or gold/steel Planetarium Copernicus The Planetarium by Ulysse Nardin combines with
      242 words
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      Page 1 Advertisements Column 4
      11 1 Opec resists fcmaad far US$25 a barrel oil pries, Pi 7
      11 words
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Electric, gas tariff to be reduced from Aug 1
        116 2 ELECTRICITY and gas tariffs will be reduced by 5 per cent and 4 per cent respectively for the three-month period starting Aug 1, the Public Utilities Board said yesterday. The revised rates will apply to the September cycle of meter reading.
        116 words
      • Article
        Dr Yeo on 4-day visit to Brunei
        127 2 THE Minister for Communications and Information, Dr Yeo Ning Hong, will visit Brunei today at the invitation of Brunei's Minister of Communications Dato Haji Zakaria DMW Haji Sulaiman. Dr Yeo, who is also the Second Minister for Defence (Policy), will be accompanied by
        127 words
      • Article
        Asean meeting in Brunei
        74 2 MORE than 120 delegates from the Asean private sector will meet during its next series of Biennial Meetings from 4th to Bth August in Brunei. Organised by the Asean Chambers of Commerce and Industry (Asean-CCI), it will be hosted by the National Chamber of Commerce and
        74 words
      • Article
        Fairprice's lowest-priced items
        57 2 A SURVEY of household commodities showed that the NTUC Fairprice outlets in five localities offered the highest number of lowest priced items. The localities were Bukit Timah, Geylang, Holland Village, Katong/Marine Parade and Orchard/Selegie. Econ minimarts Piak Lan Teng and Ow Y«ng Soo Seng were the lowest
        57 words
      • Article
        Seminar on venture capital
        27 2 A SEMINAR will be held next Friday at the NUS's geography department to examine the effectiveness of venture capital for innovation and growth.
        27 words
    • Article
      Govt to liberalise rice imports in October
      370 2  -  By Schutz Lee THE government announced yesterday that the import of rice will be liberalised in October, a move which is likely to lead to the availability of a wider variety of rice and cheaper prices. Importers will be allowed to bring in
      370 words
    • Article, Illustration
      SMA president to lead 29-member team to Pahang, Trengganu
      291 2  -  By Shoeb Kagda A 29-MEMBER business delegation will leave for Pahang and Trengganu on July 29 to seek fresh investment opportunities and business partners in the two east coast states. Consisting of businessmen from various sectors, the sixday mission will be
      291 words
    • Article
      Labour ministry to move all units to new HQ
      373 2  -  By Schutz Lee EMPLOYERS can now look forward to saving time when getting work permits for their foreign workers when the Ministry of Labour (MOL) begins operations, just across its existing premises. On Aug 6, all departments of the ministry will
      373 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      510 2 Vmm1 fey Ni Bar* M* Dapataa Vaasal VoyNa Baft Arrival tapatn KmmI Whirm Imtm Queen 1413 CIO itonple 27.07/1700 rMHopt 2 K30 atoopde 2107/0600 I amount ***** K33 atongade 27.07/1100 Mmsa 035 K18 Jtongabe 27.07/2100 Mi Maru 11A08 K29 alongside 27.07/1500 Siti Azema 40 K18 alongside 2107/0600
      510 words
    • Article
      CONTAINER SCHEDULE
      1078 2 BECBVWO Of EXPORT Fa CONTAINERS WD ICl CARGO Ktcora Miance mm S# Voy No Period From To From P of DbcBi Space Ml Hope ***** 1 27/1500 27/1659 27/1900 4 28/1200 28/1459 28/1700 As Ptutus 299 1 27/1500 27/1659 27/1900 B Keimnng 677N 2 27/1700 28/0659 28/0900 4
      1,078 words
    • Article
      IN MALAYSIAN PORTS
      286 2 Part Klaag South Pvt an My 27: Botany Triton berth I; Harukaze berth 2; Hong Mauchai berth 3; Seng Soon Chew berth 4; Pernas Safari berth 7; Hung Lee I berth 7; Thai Ho No 1 berth 7A. KCT: Kota Mawar berth Anson berth 9; Bunga Raya
      286 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Lock icon Berjaya after-tax profit up 40pc to M$60m
      440 3 Bernama BERJAYA Corporation (M) Bhd joined the ranks of companies with billion-ringgit turnovers when it reported a hefty 118 per cent increase in group turnover to M 51.04 billion for the year ended April 30, 1990 compared with M 5477.37 million previously. Berjaya
      Bernama  -  440 words
    • Article
      Superior Metal Printing launches share offer
      516 3  -  By Magdalene Ng SESDAQ ASPIRANT Superior Metal Printing (SMP) is the 12th company to seek a listing on the Stock Exchange of Singapore this year through an issue of 12 million shares at 65 cents each. The launch of its offer yesterday came close
      516 words
    • Article
      Lock icon Talk of Quek Leng Chan joining Mycom sends its shares up sharply
      278 3 Reuter THE share price of Mycom Bhd, which is buying a lucrative gaming company, surged on the Kuala Lumpur Stock Exchange yesterday on talk that Malaysian tycoon Quek Leng Chan will join the board, brokers said. Mycom shares
      Reuter  -  278 words
    • Article
      Jurong Shipyard declares first interim dividend
      291 3  -  B* AJ Leow BOOSTED by the buoyant conditions in the marine industry, Jurong Shipyard Ltd has reported a healthy rise in net interim profit to $21.62 million and announced its first em interim dividend of 10 per cent The profit for the six mouths
      291 words
    • Article
      MUI after-tax profit up 57pc at half time
      463 3  -  By William Chia MALAYAN UNITED Industries, the diversified conglomerate headed by Malaysian entrepreneur Datuk Khoo Kay Peng, has confirmed its turnaround position with a 57 per cent increase in group after-tax profits at half-time to M 520.55 million. The group only managed
      463 words
    • COMPANY BRIEFS
      • Article
        Trading in UEM shares to resume on Aug 6
        31 3 UNITED ENGINEERS (Malaysia) Bhd's shares will be traded again on the Kuala Lumpur Stock Exchange from Aug 6, the KLSE said yesterday.
        31 words
      • Article
        LTAT buys shares in 3 firms
        116 3 LEMBAGA Tabung Angkatan Tentera (LTAT) has announced recent acquisitions in three publicly-listed companies and the disposal of shares in a fourth company. LTAT acquired 30,000 shares of Goh Ban Huat Bhd on June 26, increasing its stake to B.OS million shares; 3.6S million shares
        116 words
      • Article
        Vincent Tan ups Inter-Pac stake
        37 3 INTER-PACIFIC Industrial Group Bhd chief executive Datuk Vincent Tan Chee Yioun has acquired another 500,000 shares in the company between July 16 and July 24, increasing his shareholding to 78.39 million shares.
        37 words
      • Article
        MPHB cuts Mulpha holdings
        40 3 MULTI-PURPOSE Holdings Bhd said it has disposed of 395,000 50-sen shares of Mulpha International Trading Corp Bhd on the open market between July 16 and July 20, leaving it with a shareholding of 8.67 million shares.
        40 words
      • Article
        Stake in Petaling Tin reduced
        29 3 WAN HOLDINGS Sdn Bhd said it has disposed of 10,000 shares of Petaling Tin Bhd on July 11, reducing its shareholding to 294,000 shares.
        29 words
      • Article
        Petaling Garden on land sale
        136 3 PET AUNG GARDEN Bhd (PGB) said it will use the proceeds from its disposals of land in Bukit Gasing, Petaling, to repay loans and for working capital. Replying to a query from the Kuala Lumpur Stock Exchange, it said the four sales and purchase agreements
        136 words
    • Article
      General Magnetics setting up sales office in W Germany
      570 3  -  By Magdalene Ng GENERAL MAGNETICS is setting up its first overseas sales representative office in Bremen, West Germany, as part of its plans to build a marketing distribution network spanning the Americas, Europe, Africa and the region. According to chairman and
      570 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      73 3 DON'T MISS Petaling THIS BOOKI H Street "A Day In a living to life The Life of HI in posh hotels Kuala II and clubs, Lumpur" this book From the guides the Wholesale Market reader before sun-up to the the daily throb of back lanes of the town late Kuala
      73 words
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      Page 3 Advertisements Column 2
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      106 words
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Am/Pm stores to open in Thailand
        96 4 A GROUP of Thai businessmen and Am/Pm International an agreement in Los Angeles on Thursday for 500 convenience stores to open in Thailand over the next 10 years. The joint venture company will be called Thailand Ltd, 80 per cent of which will belong
        96 words
      • Article
        Goodyear posts US$9.4m loss
        90 4 GOODYEAR TIRE and Rubber Co, the world's second largest tyre producer, has reported a second-quarter loss of US$9.4 million, reflecting costs associated with belt-tighten-ing and reorganisation. The company took a US$2l.4 million charge against second-quarter earnings, a result of a realignment of operations in North America,
        90 words
      • Article
        Marubeni, Indon firm tie up
        97 4 MARUBENI CORP said in Tokyo on Thursday that it will set up a joint venture in Bandung near Jakarta, Indonesia, next August to manufacture and export men's slacks to Japan. PT Trimas Garment Industry, capitalised at U*****,000, will be owned 51 per cent by Trimex
        97 words
      • Article
        Compaq earnings up
        92 4 COMPAQ Computer Corp said that its net income rose 24.3 per cent in the second quarter, to U*****.3 million, or US$l.lB a share, from US$B3.9 million, or 98 cents a share, in the corresponding period a year ago. While the earnings were in line with expectations, Compaq's
        92 words
      • Article
        'Unfit' ruling on Bond upheld
        89 4 AUSTRALIA'S highest court has ruled that beleaguered tycoon Alan Bond is unfit to hold broadcasting licences. The High Court in Canberra on Thursday upheld a finding by the Australian Broadcasting Tribunal in June last year that Bond and his former media company Bond Media Ltd
        89 words
      • Article
        Vontobel advises against offer
        112 4 SWITZERLAND'S Bank Vontobel is advising Jacobs Suchard AG shareholders to spurn a controversial buyout offer from Philip Morris Cos Inc, arguing that their stake is worth more to Morris than they know. In a study released before publication, Vontobel said Morris could make tax gains worth
        112 words
      • Article
        Boeing profit gets a boost
        86 4 BOEING CO said its sharply higher second-quarter sales and earnings were boosted by strong commercial aircraft sales volume and operating margins. Commercial jet transport orders valued at US* 11.5 billion during the quarter pushed its firm order backlog to an all-time high of US$B4.3 billion.
        86 words
      • Article
        Disney reports record income
        87 4 WALT DISNEY Co has posted record revenues and earnings for both the third quarter and nine months ended June 30, and analysts called the quarterly results strong. Disney's third-quarter earnings increased 23 per cent to U*****.4 million or US$l.75 a share from U*****.3 million or US$l.4O
        87 words
    • Article
      Lock icon General Electric to pay US$30m in defence fraud case
      280 4 AP GENERAL Electric Co reached an agreement with the US government on Thursday to pay US$3O million in fines and penalties for defrauding the Army on an US$B million battlefield computer system. The punishment, which includes a US$lO million criminal fine
      AP  -  280 words
    • Article, Illustration
      Lock icon ICI's half-year profits slump by 20.7pc
      437 4 Reuter BRITAIN'S largest industrial company, Imperial Chemical Industries pic, has announced a 20.7 per cent fall in pre-tax profits for the first half of 1990, and the planned sale of its British fertiliser business. Pre-tax profit was below analysts' forecasts, dropping from £925 million
      Reuter  -  437 words
    • Article
      World Int'l group makes tentative offer for Harriman
      346 4 THE PAO family's World International group has announced a tentative HKS3.BO per share privatisation offer for warehouse and industrial property subsidiary Harriman Holdings, according to the South China Morning Post. The offer, which was made through Harriman's biggest shareholder Hongkong Realty, was
      346 words
    • Article, Illustration
      Lock icon Lower earnings for GM and Ford
      321 4 Reuter AMERICA'S two biggest car companies, General Motors and Ford, reported sharply lower second-quarter earnings on Thursday, but the results were a bit better than expected. General Motors Corp reported a 38 per cent drop in earnings for the second quarter, slightly better than
      Reuter  -  321 words
    • Article
      Lock icon Beijing approves Hopewell's plan for power plant
      547 4 Reuter HOPEWELL Holdings Ltd, a Hongkong property developer with widespread investments in China's infrastructure, has won Beijing's approval to build what will be the country's biggest ooal-fired generating plant A senior company official, who requested anonymity, told Reuters the plant, the Shajiao *C
      Reuter  -  547 words
    • Article
      Lock icon Rumours of more Saatchi sell-offs persist
      563 4 NYT ROBERT Louis-Dreyfus, the chief executive of Saatchi Saatchi Co, has had his hands full dealing with the financial problems of the advertising and communications giant. But one of the most nettlesome concerns for him lately is the steady stream of rumours about how
      NYT  -  563 words
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      Page 5 Advertisements Column 1
      118 5 11 jg jsfl ■> 9^H. i m m wm 1 asi^E .^k \For responding and partidpating in our exclusive Palm Resort Golf Country Gub First Membership Intake VThe response was overwhelming and so as not to disappoint unsuccessful applicants and those who missed the opportunity, we will be re-opening our
      118 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Mrs Aquino seeks aid to rebuild quake area
        103 6 PRESIDENT Corazon Aquino began lobbying for international support on Thursday of Philippine efforts to rebuijd areas devastated by a major earthquake last week. She said in a dinner speech at the Manila Overseas Press Club the government had started negotiating with creditors
        103 words
      • Article
        S-E Asia hits out at the West
        81 6 SOUTH-EAST ASIAN nations, concerned about rising protectionism in the West against their export dependent economies, hit out at industrial nations for foot-dragging on key trade liberalisation talks. Indonesian Foreign Minister All Alatas said Asean, currently meeting in Jakarta, was upset by the proposed
        81 words
      • Article
        Manila gunmen kill S'porean
        95 6 FOUR gunmen shot dead a senior executive of a Singaporean engineering firm in Manila on Friday while he was on his way to work, Philippine police said. Witnesses said the gnnnwn blocked the car of Carlito Liao, a 45-year-old Chi-nese-Filipino executive with the Jurong Engineering company
        95 words
      • Article
        MCA Youth repeats policy call
        81 6 THE MCA Youth yesterday again urged the government to ensure that the post 1990 national economic policy should promote free market competition to stimulate economic growth and productivity. Adopting seven resolutions at its 27th Annual General Assembly in Kuala Lumpur yesterday, the MCA Youth also
        81 words
      • Article
        Release Aung San Suu Kyi: US
        83 6 THE United States on Thursday called on Burma's military rulers to release opposition leader Aung San Suu Kyi and to hand over power to a civilian government in the wake of the opposition's overwhelming victory in the May 27 legislative polls. Skate Department spokesman
        83 words
      • Article
        Mosbacher to visit Asia Pacific
        58 6 US COMMERCE Secretary Robert Mosbacher will visit four countries in the Asia Pacific region from July 27 to August 6 to explore commercial opportunities, his department said on Thursday. Aim of the 10-day trip to Hongkong, Singapore, Indonesia and Thailand is to promote and expand
        58 words
      • Article
        HK trade team for Guangzhou
        26 6 A TOP-LEVEL Hongkong trade mission left the British colony on Thursday for Guangzhou to attend a seminar on future trade cooperation.
        26 words
    • Article
      Lock icon Vietnam approves 54 new foreign projects
      221 6 AFP THE VIETNAMESE government approved 54 new foreign investment projects in the first six months of this year, the official daily Nhan Dan said on Thursday. The 54 projects, chosen from a total of 77 submissions, represent a total value of U*****.6 million, of
      AFP  -  221 words
    • Article, Illustration
      Beijing-KL ties growing: Ghafar Baba
      366 6 DEPUTY PRIME Minister Ghafar Baba has said relations between Malaysia and China are becoming increasingly stronger and Malaysian businessmen are free to deal with their Chinese counterparts and invite them to invest in this country. Many Malaysians were at present visiting China and apart from
      366 words
    • Article, Illustration
      Lock icon Japanese property-buying spree unnerves Gold Coast residents
      723 6 Reuter WAVES of Japanese yen are pouring into Australia's Gold Coast as cash-rich Japanese investors snap up hotels, houses and land. People in the tourism industry say Australia needs the investment to help solve its balance-of-payments problems. But many local residents complain that
      Reuter  -  723 words
    • Article
      Asian investors pump US$4.4b into S-E Asia
      585 6 TOTAL commitments by Asian investors in Indonesia, Malaysia, the Philippines and Thailand amounted to US$4.4 billion last year, up 23 per cent from 1988, a report by international investment analysts Merrill Lynch shows. A Bangkok Post report quoting the study said Asian investors
      585 words
    • Article, Illustration
      From the horse's mouth
      37 6 A Mongolian horseman distributing Mongolian Revolutionary Party campaign leaflets called "The Truth outside the Lenin Museum in central Ulan Bator yesterday. Mongolia, the second oldest socialist state, is holding its first free elections.
      37 words
    • Article
      Lack of infrastructure may impede growth: Sumarlin
      571 6 THE CURRENT robust growth of the Indonesian economy may slow down if the development of basic infrastructure is not accelerated, says Finance Minister J B Sumarlin. If the current tempo of new investment was not supported by adequate infrastructure the momentum of growth
      571 words
    • Article
      Fish processing plants under study
      173 6 THE ASEAN Fisheries Corporation is currently exploring the possibility of establishing fish processing plants in the eastern part of Indonesia, says a report in the Jakarta Post. A J Sumendap, chairman of the Asean Fish Federation (AFF), said the establishment of the plants was projected
      173 words
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  • THE WORLD
    • Article
      Lock icon Opec resists Iraq's demand for US$25-a-barrel oil price
      509 7 Reuter IRAQ'S demand that Opec raise oil prices to US$25 a barrel ran into resistance from other cartel members, including Venezuela, who said they feared it might scare consumers into using less oil Ministers of the Organisation of Petroleum Exporting Countries remained
      Reuter  -  509 words
    • Article
      Lock icon Measures to help Russian farmers
      211 7 AFP RUSSIAN president Boris Yeltsin has announced a series of measures to encourage the harvesting of this year's bumper crops in the republic, the Sovietskaya Rossiya newspaper reported. "I am not calling for a campaign to gather in the harvest. Everyone is tired of such
      AFP  -  211 words
    • Article
      Lock icon S Korea to relax foreign investment rules next year
      298 7 Reuter REGULATIONS on foreign investment in South Korea will be partially relaxed from next year with the current approval system for manufacturing to be phased out in favour of a reporting system, South Korean finance ministry officials said. The current system
      Reuter  -  298 words
    • Article, Illustration
      Lock icon Soviet Union needs Western aid to rebuild industries: Gorbachev
      593 7 AP, Reuter SOVIET President Mikhail S Gorbachev said on Thursday that his country needs Western aid to rebuild its consumer industries over the next two years. Speaking to reporters following a meeting with Italian Premier Giulio Andreotti, the Soviet leader also
      AP,; Reuter  -  593 words
    • Article
      Lock icon E German firms seek bigger loans to survive
      335 7 Reuter WEST Germany has underestimated the huge task of modernising antiquated East German industry, businessmen in both countries say. The East German government trustee agency responsible for aid to industry has only given support to 41 per cent of loans requested by
      Reuter  -  335 words
    • Article, Illustration
      Lock icon Rich countries blamed for putting world commerce in jeopardy
      510 7 Reuter A FOUR-DAY session of global trade talks ended on a sour note on Thursday with developing countries accusing rich nations of putting world commerce in jeopardy. Closing the latest negotiations of the 105-nation Uruguay Round, Gatt director general Arthur Dunkel
      Reuter  -  510 words
    • WORLD WATCH
      • Article
        Japan's expenditure likely to grow by 4.4pc
        92 7 JAPAN'S general expenditure will grow by 4.4 per cent in fiscal 1991 starting next March under a budget ceiling the Cabinet approved yesterday. The 4.4 per cent rise from the current year would be the highest growth since ceilings on appropriation requests were
        92 words
      • Article
        More sales of imported goods
        107 7 SALES OF imported goods at Japanese department stores in fiscal 1989 rose 23.1 per cent from a year earlier to 856.2 billion yen, the Japan Department Stores Association said. Imports accounted for 10.1 per cent of the total sales of 94 firms responding to the
        107 words
      • Article
        Surprise offer from Castro
        115 7 CUBAN President Fidel Castro said on Thursday that if the US, Spain and other European Community countries agreed to grant visas, Cuba would allow all those Cubans who wished to, to freely leave the island. Castro made the surprise offer during a speech in Havana in
        115 words
      • Article
        More foreign investment likely
        101 7 FOREIGN investment in Latin America is expected to increase nearly 40 per cent this year to a record US$9.Ol billion. The Institute of International Finance, which groups most of the world's biggest banks, expects foreign direct investment to dip to USSB.B7 billion in 1991. Investment fell
        101 words
      • Article
        Call for economic integration
        72 7 PRESIDENTS Fernando Collor de MeUo of Brazil and Patricio Aylwin of Chile have called for greater regional economic integration. The two presidents also hailed the plan proposed by US President George Bush for a free trade zone throughout the Americas. In a joint 41-point declaration, the
        72 words
      • Article
        Taxpayer groups meet
        63 7 TAXPAYER groups from 15 countries, meeting in Stockholm for their first world congress, demanded a 20 per cent across-the-board cut in government spending so they could pay less income tax. Taxpayers' Associations International (TAI) said a one-fifth reduction in government spending was realistic despite different tax regimes
        63 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      34 7 M* I (P*»or*i t capoc*.) I I VA >s 9 RESOURCE POOL BUSINESS SERVICES 101-A, Upper Cross Street #11-22 People's Park Centre Singapore 0105 Have your Secretary call or fu for FREE brochures I
      34 words
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      Page 7 Advertisements Column 2
      65 7 ■carpets THEFOUNPem for the Discerning Buyer HHHBitMKdl&j ,v (if. RARE OLD NEW OLD TRIBAL AUTHENTIC PERSIANS AFGHANS mm a M SK M IK H -ifm i» W.u4e<t*ii>fcijtj«;■ jib NEW PAKISTAN TIENTSIN WOOLLEN/ PERSIAN A SHANGHAI SILK BOKHARA DESIGNS A PERSIAN DESIGNS AMTOGSONSnS (SINCE 1921) #03-01 Lucky Plaza, 304 Orchard Road,
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market closes firmer on institutional buying
      4381 8  -  By Abdul Hadhi INSTITUTIONAL BUYING lifted the local stock market yesterday, despite weak sentiment in major overseas markets such as Tokyo and Wall Street. Brokers said the good performance of the local bourse came as a surprise. One of them commented: "It was a
      4,381 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3762 9 Main Board SPH Foreign 1210 +30 +2.5% Setnb Shipyard 730 +20 +2.8% Metro Hldgs 575 +20 +3.6% Spore Bus 500 570 20 3.6% OUE 950 +10 +1.1% Cerebos 50* 795 +10 +1.3% Singmarine 50* 530 +10 +1.9% (JOB Wt 354 +8 +2.3% Summa Inv 162
    3,762 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Bargain-hunting sends market broadly higher
      3756 10 Bernama SHARE PRICES in Kuala Lumpur closed broadly higher in active trading yesterday on widespread baigain-hunting. Several situational stocks scored handsome gains. However, selected issues, mainly industrials, retreated from their peaks on light selling in late trading as some investors took profits ahead of the
      Bernama  -  3,756 words
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      Page 10 Advertisements Column 1
      139 10 r 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 daily reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Pilling the
      139 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end lower on interest rate fears
      2256 11 Reuter TOKYO SHARES closed broadly lower yesterday but half-way off their low of almost 1,000 points after a turbulent day reminiscent of the volatility earlier this year. Despite some indexlinked buying by investment trust funds and arbitrageurs, caution reigned on interest rate fears.
      Reuter  -  2,256 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Market finishes higher after early decline
      2433 11 Reuter HONGKONG STOCKS closed slightly firmer in light turnover and erratic trade yesterday. The blue-chip Hang Seng Index shed some 36 points in the first 30 minutes of morning trade, as the market reacted to Wall Street's 10-point fall on Thursday and Tokyo's early
      Reuter  -  2,433 words
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  • REGIONAL STOCK MARKETS
    • Seoul market continues to slide
      • Article
        AUSTRALIA
        986 12 -THE AUSTRALIAN share market dosed weaker but off its lows yesterday as it followed the gyrations of Tokyo's Nikkei index. Broken said the market had also reacted negatively to the higher than expected A 51.575 billion current account deficit for June. Losses on the Dow Jones index, down 10
        986 words
      • Article
        SEOUL
        821 12 SEOUL STOCKS fell to their lowest level this year for the second consecutive session yesterday despite intervention from the market fund, brokers said. The composite index closed at 673.16, down 3.67 points from the previous session. Turnover was a thin 68.5 billion won compared with 56.6 billion in the
        821 words
      • Article
        Untitled
        87 12 CIom Previous jwtf n SYDNEY AH Ordinaries Index 1,578.7 1,390.8 -12.1 All Industrial* Index 2,435.3 2,430.1 -14.8 1 All Resources Index 922.0 931.7 -9.7 Turnover (million) 113.03 82.73 30.32 BANGKOK SET Index 1,***** 1141.78 +0.55 Turnover (nearest *000) 77,839 NA JAKARTA Composite Index 624.09 623.79 -1.70 Turnover (nearest *000) NA
        87 words
      • Article
        MANILA
        503 12 BARGAIN-HUNTERS continued their buying binge, pushing Manila share prices higher yesterday, but brokers said a correction was forthcoming. The Manila Stock Exchange composite index rose 8.92 points to close at 924.57. There was some sort of carry-over activity from Thursday although yesterday's gains were more broad-based, said Lisa Joson,
        503 words
      • Article
        TAIPEI
        385 12 TAIWAN share prices finished higher almost across the board on active buying by small investors yesterday. The weighted index gained 146.75 points, or 2.8 per cent, to close at 5,402.64 compared with Thursday's 5,255.89 finish. Turnover rose to NTJ72.9 billion from NT567.9 billion. Dealers said the market seemed to
        385 words
      • Article
        JAKARTA
        553 12 JAKARTA STOCKS ended mixed yesterday, with the composite index down 1.70 points to 624.09 in quiet half-day trade. Pulp and paper firm Indah Kiat was the most actively traded at 220,000 shares in sales of blocks larger than 9,500 shares and its price rose slightly, up SO rupiah to
        553 words
      • Article
        Untitled
        329 12 Is local carrcary la SI la USS day year day year day ywr July 26 Mp chaaje chaay efcaay rhaar rhaay ckaay World 424.3 -0.5 -8.7 -0.8 -12.2 -0.9 -8.4 1EAFE 588.8 -0.9 -13.6 -1.1 -16.4 -1.1 -12.8 Europe 452.6 -0.3 0.4 0.0 4.4 0.0 9.0 Pacific 988.7 -1.3 -21.9
        329 words
      • Article
        BANGKOK
        720 12 BANGKOK STOCKS rebounded to close mixed in active trade yesterday after prices declined sharply during the first half of trading, brokers said. The composite SET Index ended 0.55 point higher at 1142.33 after falling more than 10 points halfway through the session. Turnover came to 77,858,642 shares worth 6,030.16
        720 words
      • Article
        NEW ZEALAND
        376 12 NEW ZEALAND SHARES closed sharply lower yesterday after sellers came out in force in afternoon trade, sparked by a poor beginning in Tokyo and higher domestic interest rates after the budget earlier this week. "It was a bit of a rough afternoon," said Dave Tetro of Ord O'Connor
        376 words
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  • WORLD STOCK MARKETS
    • Dow ends weaker in late session sell-off
      • Article, Illustration
        NEW YORK
        1133 13 A LATE afternoon sell-off that included some sell programmes sent US stock prices diving as much as 30 points, but short-covering helped bring shares off their lows before the closing bell on Thursday. The Dow 30 index ended down 10.15 points to dose at 2,920,79 points, snapping a
        1,133 words
      • Article
        FRANKFURT
        289 13 GERMAN SHARES slipped in dull trade to end broadly easier yesterday on pre-weekend position squaring and a lack of new factors. Most prices had been soft all week. The 30-share DAX index finished 13.08 points lower at 1,919.81, just off the session's low of 1,919.01. Last Friday the index
        289 words
      • Article, Illustration
        LONDON
        805 13 UK SHARE PRICES were steady at midsession yesterday, after clawing back some early losses to leave the FTSE 100 down 4.3 points at 2339.8 by 1117 GMT. The market had earlier drifted to a morning's low of 2327.9 in the wake of a sharp 500-plus point fall on Tokyo
        805 words
      • Article
        Untitled
        84 13 July 26 Oam PmtoM +f NEW YORK Dow Jonet 2920.79 2930.94 -10.15 NYSE Financial 140.61 140.S2 -0.14 SAP 500 353.91 357.09 -1.IS Turnover (million) 155.04 163.53 4.49 LONDON Financial Times 30 1851.5 1865.70 -14.2 FTSE 100 2344.1 2364.70 -20.6 Turnover (million) 467.2 427.5 +39.7 AMSTERDAM CBS General 199.60 200.50 -0.90
        84 words
      • Article
        ZURICH
        312 13 SWISS SHARES traded lower at midsession in small volume yesterday. One dealer said lower prices were more the result of a summer lull and price correction than the weaker Tokyo and New York bourses on Thursday. The SMI index of leading shares was down 18.8 points at 1,754.0 and
        312 words
      • Article
        PARIS
        255 13 FRENCH SHARE PRICES posted heavy losses across the board in a thin midsession market yesterday, weakened by pessimism over the future of the Paris bourse, dealers said. Some dealers fear higher taxes on capital gains, others said they were worried by poor first-half results and financial difficulties at a
        255 words
      • Article
        AMSTERDAM
        290 13 AMSTERDAM STOCKS remained under attack at midday yesterday, wjl£ many blue chip issues showing large losses as the market fell in line wit!) other centres. The sell-off in the Dutch market followed sharp losses in Tokyo shares aai also reflected weakness in West Gesman and British equities, broken said;
        290 words
      • Article
        BRUSSELS
        175 13 BELGIAN SHARES opened mixed- ta light, pre-weekend trading yesterday. Volume was 234 million francs half-an hour after the start of trading. Traders said selected shares, notabfy utilities, were attracting investors, btft the rest of the market was calm. Efepi rose SO francs to 4,120 francs and com was up
        175 words
      • Article
        MILAN
        221 13 ITALIAN SHARES finished mixed to lower after a stable start yesterday, with the possibility of a government crisis and Tokyo's sharp price falls weighing on the market, brokm said. The MIB index eased one point, or 0.09 per cent, to close at 1,065. The index fell 2.2 per cent
        221 words
      • Article
        Untitled
        494 13 Johannesburg jal 26 Rand INDUSTRIALS A Alpha 2600S A E C 1 1550 unch Abercom 65 Amaprop 800 unch AMIC 8750 +165 Barlows 3775 150 Basil Strk 25 unch BAZ +25 C G Smith 8350 unch Cnagalo 1500 unch Curfin 350 -10 Edgars 3350 unch Fed Volk 435 unch First
        494 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback holds steady ahead of America's GNP figures
      1258 14 FOREX MARKET REPORTS THE US dollar yesterday held steady throughout a quiet European morning session ahead of the release of US second quarter gross national product data, but unless way out of line with forecasts it will have little impact, dealers said.
      1,258 words
    • Article
      INTERBANK FOREX RATES
      386 14 Crass rates USS SS MS Dm Yen SFr At NZS USS 1.8225 2.7080 1.6255 150.65 0.5519 1.3800 1.2788 1.7036 SJ 0.5487 1.4859 0.8919 0.8266 0.3028 0.7572 0.7017 0.9347 MS 0.3693 67.30 0.6003 0.5563 0.2038 0.5096 0.4722 0.6291 Dm 0.6152 1.1212 1.6659 92.68 0.3395 0.8490 0.7867 1.0480 Yen
      386 words
    • Article
      MONEY MARKET
      544 14 Interbank rates St BM Offer Overnight I 1/2 2 1-month 6 7/8 7 2-month 7 7 1/8 3-month 7 1/16 7 V16 Overnight mode 5-1/2 USI Bid Offer 7 days 8 8 1/8 1 month 8 8 1/8 2 months 8 8 1/8 3 months 8 8 1/8
      544 words
    • Article
      Lock icon Peseta and lira subject of hint
      320 14 NYT GROWING tensions in the European Monetary System should be resolved by interest rate cuts in countries with the strongest currencies, Mr Pierre Beregovoy, the French Finance Minister, said. Although he did not identify any countries, the comments were thought to refer to Spain
      NYT  -  320 words
    • Article
      FINANCIAL FUTURES
      1524 14 SIMEX Open High Low Sett Est Vol Op/Int Vd Sep 90 92.00 92.01 91.91 9100 3300 ***** 5962 Dec 90 92.02 92.03 92.00 9102 4530 ***** 4986 Mar 91 9101 9102 9100 9101 1022 4036 1409 Jun 91 91.84 91.84 91.11 91.82 324 709 196 Sep 91 91.65
      1,524 words
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  • COMMODITIES
    • Article
      Lock icon Thailand, Phnom Penh in talks on logging concessions
      314 15 Reuter THAILAND has opened talks with Phnom Penh on securing logging concessions in hardwood-rich parts of Cambodia where guerillas are active, Thai officials said on Thursday. The Forest Industry Organisation was the first Thai government agency to deal directly with the Vietnameseinstalled
      Reuter  -  314 words
    • Article
      Lock icon Japan asks futures exchanges to merge
      249 15 Reuter THE JAPANESE Ministry of Agriculture has asked nine agricultural commodity futures exchanges to establish committees soon to prepare for mergers, an agriculture ministry official said. One committee is to discuss the merger of the Tokyo Grain Exchange and the Tokyo Sugar Exchange, another
      Reuter  -  249 words
    • Article
      Lock icon KL raps Indon plan to raise tin output
      131 15 Bernama INDONESIA'S plan to raise its tin production target to 23,800 tonnes this year from 22,610 tonnes previously, is "not the right step" in view of the already bearish tin market, Malaysia's Primary Industries Minister Datuk Sen Dr Lim Keng Yaik said.
      Bernama  -  131 words
    • Article
      Tin recovers slightly on renewed buying interest
      823 15 REPORTS TIN PRICE on the Kuala Lumpur Tin Market (KLTM) recovered slightly on short covering activity and renewed merchant buying interest. The price rose five sen to close at M$ 16.02 per kg after being traded below the Msl6 level the past two
      823 words
  • Article
    PRICES
    1327 15 Rubber My 27 Scgrtj Noon Owe lat I RSS Prompt I55.00/IS6.00N 154.50/13S.50N lot I RSS Aug 90 1S6.CKVI56.50 1 SS.S4V1 S6.00N tat I RSS Sep 156.3<V157.00 156.0(V 156.50N tat 2 RSS OP I53.50m5.50N 153.2VI55.25N lat 3 RSS OP 149.01V 15LOON 148.75/150.75N lot 4 RSS OP 145.00/147. OON 144.7V146.75N It
    1,327 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      15 15 Read Chartpoint, a guide (o investing in the stock market. Every Saturday n Business Times.
      15 words
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      Page 15 Advertisements Column 2
      988 15 NOTICES LOST CERTIFICATES The following shere/stox* mtWcrtM heve been reported loet:CERT. SHARES/ REGISTERED COMPANY WO. STOCK HOLDER METRO *****54G 333 Shew Vivien Mrs HOLDINGS LTD ROBINSONS *****9 SO Leonard Albert CO LTD Duckworth -do- ***** 75 -do--do- ***** 375 -do--do- ***** 375 -do--do- ***** 291 -doWEARNE *****66F 960 -doBROTHERS LTD
      988 words
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  • Article, Illustration
    Baker, Kan Seng discuss use of Republic's military facilities
    423 16  -  Asean post-ministerial conference Frtm Yong Pow Ang IN JAKARTA AMERICAN Secretary of State James Baker held talks yesterday with Singapore Foreign Minister Wong Kan Seng over the use of the Republic's military facilities. They also exchanged views in a 30-minute discussion
    423 words
  • Article
    Lock icon Brunei offers access to US armed forces
    188 16 AP THE SULTANATE of Brunei has joined Singapore in offering access to the US armed forces, a senior US State Department official said yesterday. Singapore and Washington are negotiating an arrangement for increased use by American warships and planes of the island's facilities.
    AP  -  188 words
  • Article
    Beijing team here for talks on normalisation of ties
    178 16 A TEAM of Chinese Foreign Ministry officials arrived here yesterday for talks on Singapore's normalisation of ties with Beijing. A brief statement from the Singapore Foreign Ministry said the delegation will be here until next Tuesday for "discussion on the possible
    178 words
  • Article
    Japanese finance minister reprimands bank president
    282 16 THE Japanese Finance Minister Ryutaro Hashimoto yesterday severely reprimanded the head of a major Japanese bank that purportedly compensated customers for losses suffered around the 1987 stock market crash, officials said. The reprimand followed a report in the Yomiuri Shimbun newspaper that former Mitsui
    282 words
  • Article
    PICC's marriage-making role
    275 16 IN A MOVE to avert a showdown between Asean and its dialogue partners at the United Nations over the CGDK (Coalition Government of Democratic Kampuchea) seat, the two sides agreed yesterday to ask Indonesia and France to quickly bring the four warring Cambodian parties together in a
    275 words
  • Article
    Lock icon US growth slows in second quarter
    176 16 Reuter WEAK consumer spending kept US economic growth to a 1.2 per cent annual rate during the April-June second quarter, down from a 1.7 per cent rate in the first three months of this year, the Commerce Department said. The estimate for expansion of
    Reuter  -  176 words
  • Article
    Membership for China, HK, Taiwan on agenda
    412 16  -  Asia Pacific Economic Cooperation By Harish Mehta THE CRUCIAL question of membership for China, Hongkong and Taiwan in the Asia Pacific Economic Cooperation forum will be addressed during the meeting of the 12-nation grouping here, in addition to discussing whether the economically troubled
    412 words
  • Article
    PM Lee to open the Apec meeting
    239 16 PRIME MINISTER Lee Kuan Yew will officially open the Apec meeting which gathers foreign and economic ministers from 12 of the Asia-Pacific's most dynamic economies to set the future course for the grouping. The prime minister will deliver the keynote address at a
    239 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      6 16 sAcchi..,) (u ntilin l eather Collation
      6 words
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      Page 16 Advertisements Column 2
      94 16 (SA^chi,) (n inline I ealher iilleclion FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive
      94 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Trotting slowly from oblivion
      1117 17  -  Trying to change its image and get more members, the Polo Club gets off its perceived high horse to tell people you don t need to be royal to join its fold. Cassandra How reports Cassandra How Let other people play at other things. The king
      Picture by Arthur Lee  -  1,117 words
    • IN THE WIND
      • Article
        Calling all roaches
        67 17 WONDER WHAT the Restaurant Association of Singapore had in mind when it invited members to take part in its quest for Singapore's largest cockroach. It advised members to "send in your dead Americana cockroach" to a company in Middle Road where the insect would be measured. Seems
        67 words
      • Article
        Know nuts about tofu
        59 17 A LOT OF heakh-oonacious people around the world may have acknowledged the nutritional qualities of tofu, but not many outside Asia know its composition, if a recent BBC quiz show is any indication. When contestants on the Brain, of Britain show were asked what tofu was
        59 words
      • Article
        Driven by satisfaction
        101 17 WORD PLAY department: A service station has been handing out leaflets to motorists waxing lyrical about its services. In fact, they are so proud of their services that they dare to say: "You don't have to take our word for it Come to any of our centres
        101 words
    • OPINIONS
      • Article
        Firm pays tax on either earnings or dividends
        311 18  -  LETTERS TO THE EDITOR Steven M Timms I REFER to Mr KT Tan's letter (BT, July 21) titled "Help me solve this taxing problem". Mr Tan seems to have misunderstood, or perhaps, been misadvised on one aspect of company dividend payments. In
        311 words
      • Article
        Tax system not inequitable
        184 18  -  Ng Keat Seng WE REFER to the letter by KT Tan (BT July 22) seeking clarification on the question of dividend franking. In his example, the company had taxable income of $100,000 on which tax of $31,000 was assessed and paid leaving the company with $69,000
        184 words
      • Article
        OCBC queried on assurance
        177 18 WHEN OCBC recently announced its "old-lot" rights issue, I consulted some friends who were also not allocated full lots. We all decided not to subscribe to the issue. Following newspaper comments on the oddity of the issue, OCBC issued a statement assuring shareholders that lots would
        177 words
      • Article, Illustration
        Lock icon He who pays the piper calls the tune!
        855 18  -  In the name of consumer rights, we need to encourage those who will speak up, complain and name the culprits, contends David Gabriel. David Gabriel David Gabriel is a senior correspondent with BTs politics and economics desk IT IS conventional wisdom that
        Punch  -  855 words
      • Article, Illustration
        Can we build a nation of museum goers?
        729 18  -  A cluster of five new museums becoming a reality by the turn of the century is a tantalising thought, but Lee Han Shih asks whether more is better. Lee Han Shih Lee Han Shih is BT's property correspondent BY THE END of
        729 words
      • Article
        Finding out what motivates the S'porean worker
        583 18  -  For once, bosses should search their souls instead of tearing their hair out over job-hopping, contends Chan Hwa Loon Chan Hwa Loon Chan Hwa Loon is a senior manager with KPMG Peat Marwick Management Consultants. The views expressed are his own. THERE IS
        583 words
    • PURSUITS
      • Article, Illustration
        Get set to ride the wind, mates
        298 19  -  Samuel Ee *****0-KAY. So you've finally decided to throw away your Chopper and buy a mountain bike. Not just any old mountain bike but a psychedelic, state-of-the-art, 21-speed, carbon-tubed 12-kilogramme beauty. Now you're all set for that first ride. But looking at your
        298 words
      • Article, Illustration
        A world of European chic, Oriental splendour
        734 19  -  There are hotels, and there are hotels. Catherine Ong found one in Taipeh good enough to write home about Catherine Ong TO ENTER another world without being dead or having a proper admission ticket is not easy. But if you have money or
        734 words
    • EPICURE
      • Article, Illustration
        Rally round the ribs
        722 20  -  Quek Swee Peng tests out Singapore-style, barbecued ribs Quek Swee Peng THERE'S a real problem with that rack of ribs: it was too well-padded. Pandering to the Singaporean's palate, the ribs weren't lean nor burnt enough. No thanks to the man-in-the-street who has greatly tempered the
        722 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Fast-food chains find a recipe for survival
        671 21  -  Nutritious alternatives to double cheeseburgers and fried chicken are being offered to the health conscious, reports Marian Burros Marian Burros NYT WHEN American fastfood chains Burger King, McDonald's and Wendy's announced recently that they would fry their potatoes in all vegetable oil instead
        NYT  -  671 words
      • Article, Illustration
        Cheap wines need not be inferior
        814 21  -  WINE By N K Yong A COLLEAGUE of mine, well-known for his pioneering work in his specialty and much travelled over the four corners of this world, said to me recently: "You know, I read your articles but they are too technical for me.
        814 words
      • Article, Illustration
        Getting the order right
        425 21  -  BRIDGE By Sybil Holloway THE ORDER in which the cards of a bridge hand are played is often an important factor for the success of a contract. This is frequently overlooked by even the more advanced players. In today's deal, which Dick Cummings picked up during
        425 words
      • Article, Illustration
        Wheels with a pedigree
        551 22  -  Samuel Ee reports on the Rover's re-launch in Singapore Samuel Ee Rover has a new handler in Singapore who hopes to give it a new leash of life. But the next time you see Rover, you might not even recognise it. You see, not only does
        551 words
      • Article
        More jangling guitars and insidious lyrics
        581 22  -  CD REVIEW By Ringo Liew PRETENDERS Packed Picture this. You're a 38-year-old mother of two who happens to front a band that has one of the most distinctive sounds today. You've seen two of your group members die of drug overdoses in quick succession.
        581 words
      • Article, Illustration
        His art and soul
        841 22  -  Shoeb Kagda speaks to a fiery young artist Shoeb Kagda CARPE DIEM! Seize the day, so says Robin Williams to his class in the movie Dead Poets' Society. Chen KeZhan doesn't believe in just seizing the day. He seizes every minute. Sitting across from him in
        841 words
      • Article, Illustration
        Tun Dato Tan's personal side
        617 22  -  BOOK REVIEW By David Chew Tun Dato Sir Cheng Lock Tan: A Personal Profile By Alice Scott-Ross (Price: $49.90) Perhaps it can be said that biographies are best written by the subject himself. After all, who else would know the person better? But of course,
        617 words
      • Article, Illustration
        Jarring dinner theatre debut
        554 22  -  Dexter Lee applauds the devil in Peter's Passionate Pursuit Dexter Lee CLEVER yet...something held me back after sitting through the adapted version of Peter's Passionate Pursuit, Eleanor Wong's prize-winning play last Tuesday. No doubt the main punchlines were still there in this semi-thoughtful play about an
        554 words
    • SPORTS
      • Article, Illustration
        Of slices, grunts and volleys
        872 23  -  Cassandra How looks forward to a mini grand slam treat in September Cassandra How IT IS NOT often that you get to see six world class tennis pros on your doorstep. Well, this is going to happen come September when fans will be treated to
        872 words
      • SIDE LINES
        • Article
          Palmer sees long reign for Nick Faldo
          80 23 ARNOLD PALMER, who has had a privileged view of golf since winning his first British Open title in 1961, has predicted that new champion Nick Faldo will be a force for a long time to come. He said: "Nick Faldo's performance at St
          80 words
        • Article
          Two-piece costumes welcomed
          80 23 WOMEN competitors were allowed to wear two-piece costumes for the first time at a British swimming meet when the British National Championships started in London on Thursday. Fina, swimming's world governing body, changed their rules regarding swim wear for competitions last year and the British Amateur Swimming
          80 words
        • Article
          Two more firms pull out ads
          79 23 TWO MORE corporate giants, Toyota and AnheuserBusch, are withdrawing their advertisements from telecasts of the PGA Championship because of racial overtones. The all-white Shoal Creek Country Club in Birmingham, Alabama, is hosting this year's PGA Championship, from August 9 to 13. Shoal Creek president
          79 words
        • Article
          McEnroe beats Mansdorf
          71 23 JOHN McENROE continued his comeback with a 6-3, 6-4 victory over Amos Mansdorf of Israel Thursday in the third round of the Player's International. McEnroe had an easy time with Mansdorf and is pleased with his play after a four-month layoff. "Right now I don't do anything
          71 words
        • Article
          Angels beat the Athletics
          75 23 DONNIE HILL hit a two-run homer off Oakland relief ace Dennis Eckersley with two out in the the 11th inning on Thursday, giving the California Angels a 4-2 victory over the Athletics in Oakland, California. Eckersley (2-2) walked Dante Bichette with one out and struck out
          75 words
        • Article
          Soviet rugby coach sacked
          75 23 A LETTER to Soviet President Mikhail Gorbachev from an incensed Australian rugby union supporter has led to the sacking of the Soviet Union's top rugby coach and two players. Craig Moran said on Thursday he had sent a letter addressed to "Mr M Gorbachev, The Kremlin,
          75 words
      • Article, Illustration
        Lock icon Gullit looks forward to happier season
        456 23 Reuter AFTER the saddest season in his soccer career, Ruud Gullit is a happy man again. The Dutch international, who played only a handful of games for European Cup holders AC Milan last season because of a knee injury, said he was feeling great
        Reuter  -  456 words
      • Article, Illustration
        Lock icon The dollar and sense of Italia '90
        1111 23  -  Rob Hughes ponders over the life-altering experience of the World Cup Rob Hughes IHT GIVEN the speed with which our world moves, the 1990 World Cup is already history. Time is money, and the players, tired animals that they so fretfully became, are
        IHT; Punch  -  1,111 words
    • JOBS
      • Article, Illustration
        Putting love before money
        1044 24  -  Goh Sin Tub retired from building bank HQs in 1986. Now he's back in business, at Jones Lang Wootton. But he talks to Martin Soong about more important things in life Martin Soong Goh sin tub once stood on the lawn in the backyard of his
        1,044 words
      • Article
        Great times for Japan's part-time workers
        312 24 ITS A seller's market for part-time workers in Japan, particularly those in service industries. Hit particularly hard by Japan's labour crunch, service industries are resorting to perks such as free trips to Hawaii, rent-free apartments in the heart of Tokyo, and interest-free student loans,
        312 words
      • Article
        Top Japanese firms scramble for graduates
        568 24  -  Harish Mehta looks at the recruitment plans of major Japanese corporations Harish Mehta THE GREAT Japanese manhunt has begun. Major corporations, realising that the time is ripe for the annual picking, are raring to recruit even more graduating students in spring 1991. A survey
        568 words
      • Article, Illustration
        PEOPLE IN BUSINESS
        472 24 Ng Siew Choo, acquisition/retention/list management manager at American Express International Inc, Travel Related Services, is leaving for New York to participate in the organisation's first 18-month international management exchange programme. Following Ms Ng's departure, Peggy Tan will be promoted to acquisition/list management/market research manager. And current public
        472 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article
        A good buy for investors set for a medium-term cruise
        1170 25  -  AJ Leow assesses the potential of Singapore Shipbuilding Engineering, which made its public offer this week AJ Leow Marine stocks are attractive buys, judging from their track records. Investors who bought Jurong Shipyard, Singmarine or Sembawang Maritime shares early last
        1,170 words
      • DON'T QUOTE ME!
        • Article
          Share levitation
          202 25 WANT your share price to go up? Just mention the magic words "share split" and "bonus issue". Punters love these words. When United Industrial Corporation announced a bonus issue and rights issue in June, the counter was chased up in a day by 13 cents to $2.90. And
          202 words
        • Article
          Spare the rod, spoil the bank?
          136 25 WE HEAR that Raffles Place is abuzz with discussion as to whether the Stock Exchange of Singapore was right to censure NM Rothschild on its role as financial adviser to Inno-Pacific's rights issue last year. The censure was issued because Inno-Pac failed to meet
          136 words
        • Article
          Sitting on middle ground
          134 25 SINGAPORE, it seems, is the perfect middle ground between Indonesia and Thailand. Why else would Dusit Thani of Thailand and Sinar Mas of Indonesia set up a joint venture company that is incorporated in Singapore? The company, called Dusit Pacific, was set up on May 30.
          134 words
      • Article, Illustration
        Hopes for pre-National Day rally dampened
        469 25  -  CHAR^ By Najeeb Jarhom The writer is the Research Manager at Fraser Roach. THE difficulty faced by the Straits Times Industrials Index in surmounting its May high of 1,578.59 (point A) in the mid-July rally (to 1,575.94 on July 16, point B) has slightly
        469 words
      • Article
        Lock icon Further easing of US credit likely
        529 25 Reuter TWO WEEKS after its latest credit easing, the United States Federal Reserve continues to be dogged by its natural nemeses recession and inflation and the former, economists said, poses the greater danger. By September, or latest October, the Fed will again have to
        Reuter  -  529 words
      • Article
        Warrants: premiums and gearing
        635 25 I —1« n 1 ■■■11 I wonvvmon wnni j PfwnhmV I (discount* Eiphy mm 1111 •tofl J Comoanv Share Lit elk m *****88 lit mm. Conv Emr Sr*"i Cash 1 Lnatk* IWf I ratio prfc* valu* Ms £|p Iplllf B t a CACWl 375 wsi 4.860
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      • Article
        Lock icon Tokyo traders see one last summer swing for US$
        333 25 Reuter THE fickle currency market may have a last summer fling or a falling out with the US dollar, but neither is likely to be very extended, dealers in Tokyo say. Opposing bullish and bearish factors and a dry spell of
        Reuter  -  333 words
      • Article, Illustration
        Lock icon Chartists bullish on US stocks for medium to long term
        883 26 Monday's 100-point drop in the Dow Jones average was just a consolidation, negating the market's overbought status, say the experts. THE chart pattern on the Dow Jones Industrial Average, an index of major American equities, remains bullish in the medium
        Charts by TeleTrac  -  883 words
      • Article
        A contract designed to protect the policyholder
        656 26  -  TAKING By Alan Street Prof Street is with the Nanyang Technological Institute. This article was contributed by the Life Insurance Association of Singapore. IN THE FINAL analysis, a life insurance contract is a promise by the insurance company to pay an agreed amount
        656 words
      • Article, Illustration
        Lock icon The heyday is over and Jakarta settles into a torpor
        691 26 Reuter JAKARTA'S days as the flashy newcomer to Asian stock markets are gone and market analysts hope the bourse will settle down to a more conservative role. "The days when an investor would blindly snap up any Indonesian scrip seem
        Reuter  -  691 words
    • THE TRAVEL PAGE
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1034 27 aty nrn n» re«x n» utmwkrn MM SQ226 2035 Qf81 2005 AmMH SQ23 1350 KL838 2115 KL837 1430 SQ24 2200 MM TE25 1610 TE28 1730 SQ338 1925 BA12 2200 tardw QF5 2230 Sart BM21 1100 SQ182 0915 BMW SO 181 1410 BI422 1205 BM29 2030 B430
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      • Article, Illustration
        Songs of loneliness and passion
        661 27 LETTER FROM BUENOS AIRES YOU might be sitting in a dark cafe when wafting from the radio comes a mournful tune. "Get yourself a drink," the lyrics might say, "for today I must forget/That I'm without a friend/and far from home..." Or riding in a
        661 words
      • Article
        MONEY CHANGER RATES
        151 27 As at 3pm ytsterday: Local dollars to oae aoit of foreign currency Currencies Bid Offer Australian dollar 1.4190 1.4390 Canadian dollar 1.3650 1.5850 NZ dollar 1.060 ***** Sterling pound 3.2900 3.3200 US dollar 1.8150 1.8250 Local fates to 100 arts of foreign Austrian schilling IS.70 16.50 Belgian
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      • Article
        WORLD TRADE EXHIBITIONS
        90 27 Duration Title Venue Onmiscr Td Duration Title Venue Otpnkcr Td July 30 Property Financing Jakarta AIC *****98 Aug 2-3 Marketing Ming Court Malaysian 03-*****39 31 Hilton Conference Strategy Hold StategK KL Consultancy July 30 New Trends In The Hilton Hold AIC 03-*****43 1 31 Hotel k Resort
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    • TIME OFF
      • Article
        THEATRE
        198 28 That Sinking Feeling and Gregory's Girl Two movies which are included in the British Film Festival. Venue: RELC Auditorium, 30 Orange Grove Road. Time: 6.30pm (That Sinking Feeling), 8.30pm (Gregorys Girl). Date: Aug I Symphonic Sounds XXXIV Performed by the National Theatre Symphonic Band and conducted by Dutch composer
        198 words
      • Article, Illustration
        EXHIBITIONS
        277 28  -  Compiled by K Jayanti Contemporary Russian Art This exhibition of five contemporary Soviet artists' paintings is a first introduction to an otherwise "undiscovered" art. The paintings in this exhibition are an indication of the achievements of some Soviet artists, ranging from symbolic and quasi-rep-resentation to abstract work. Venue: Art
        277 words
    • Article, Illustration
      CINEMA
      513 28 •ay and Cell. When a few cons start buying stock behind bars, the result is a ver-bal-slapstick comedy. Midnight tonight at Orchard. Cadillac Man. The question is, can Robin Williams charm the movie audiences as much with a moustache as he does without? Tim Robbins also stars in this
      513 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      300 17 QOOQ Today, one watch reigns supreme. Ultra-thm Royal Oak for Ladies and Men in 18kt. gold, 18kt. gold and steel or all steel and Royal Oak Perpetual Calendar, mechanically programmed until the year 2100. (Illustrated from left to right) BA 662 0/722 BA, BA ***** 344 BA and BA *****/477
      300 words
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  • Page 18 Miscellaneous
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      Page 18 Miscellaneous Column 1
      28 18 POONESBURY BY GARRY TRUDEAU ~Z~TZ~I~ THANKS, ROLAND. BBFORB JL !&R5 NOWt€AONG U£I£TKXJGO,IWONPeR gA=z> THAT ANY HEADS t SS^SL\ IF)QUGOUU?SHBPANY < TH&BOOULPdZA 6CmNjm\ I P6HTONARBPORJTHAT MAJOZSHAKS-UPOF (Jfl GASPI ******H icycu.Peit*
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      269 20 WHERE TO WINE. DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... —i^———— Some of our best advertising isby woid-of-mouth. fly^: For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext
      269 words
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      Page 20 Advertisements Column 2
      327 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 only. Price: $22* IMiaiIMHIIHNU M ISA'S HUM •Plus 10% Service Charge and 4% Government Tax HWT REG»CY©SNGAPORE 10-12 Scats Road. Singapore 0922. Tel. "*****8
      327 words
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      Page 20 Advertisements Column 3
      247 20 rE an S6VOOOTHDITK QSSbdSB I Weekend family luncheon Cantonese-Thai buffet at Seafood Theatre Restaurant. lunch plus soft drink for each child below 12 l accom P anied an aduit Adult: $16.50++ Child: $10.00++ Don't miss out on this doableblll feature! MR Plaza Hotel sifiCAroat I WAWWCOLOOBFUfinVITinCI lIIHHHiHfIHHHI Vac* Road *****H
      247 words
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      Page 20 Advertisements Column 4
      185 20 Ist —31st July From corn-fed American cattle come succulent, juicy steaks Roast Prime Rib of Texas Steer Beef, Boston Oyster Steak and Braised Beer Steak complemented by excellent wines and delicious desserts. sdi Boor I H Lobby Excelsior Hotel Tel 338 7733 1 fOr 1 Complimentary roast beef, n(buy 1
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      240 21 AND ENTERTAIN Wild About Game rtgame promotion 16 TO 31 JULY 1990. I DINNER TO Wc bring you the best of the hunting season roast pheasant, succulent saddle of hare and aromatic wild duck. All prepared in our chef s unique way to bring out the special flavour of game.
      240 words
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      Page 21 Advertisements Column 2
      124 21 TnAII/ JL Restaurant and 1 K\ a /IIV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Weekend MHTM Sped al Menu Chicken Rice ♦Home- made Herbal Mutton Soup ♦A la Carte as usual Restaurant Hours Lunch: Karaoke Hours Mondays to Saturdays Daily: 1130 am to 2.30pm 7.00pm to 2.00 am Dinner:
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      489 24 BE A PART OF THIS FAST-GROWING DIRECT MARKETING AGENCY If you are a bright, energetic professional with advertising, sales promotion, direct marketing or PR experience, join us. You'll have the opportunity to work on exciting projects for interesting multinational and regional clients. And you'll get to learn how an efficient
      489 words
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      Page 24 Advertisements Column 2
      213 24 DHL IN THE NEWS Advertisement DHL EXPANDS INTO INDOCHINA With rich natural nationally, DHL has set up offices service for our outgoing docuresources and abundant supply in Cambodia, Laos, Vietnam merits since we started business of labour, Indochina has been andMyanmar. in Vietnam, said the Managing seen by foreign investors
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      179 26 sKpSSiy^^^^^H 1 J^V^|»lh9R4 LET US HELP TURN YOUR IDEAS INTO ASSETS n a business, It takes Ideas to move you For years, Hong Leong and Singapore ahead. At Hong Leong and Singapore Finance have worked with thousands of Finance, we provide the expertise and put businesses of every size and
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  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      247 27 is said to distinguish 5 First friend going round j—^ 9 violate fashionable bor- ~~lHf~"1 IH 10 Put a piece of metal into H I I I I I I the instrument (6) 11 Certain to dress first how boring (8) 12 Islander finds empty bottle How a film projected
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      Page 27 Miscellaneous Column 2
      201 27 Singapore Report (Thur) Max temp. 32.1"C Assoc humidity 57% Min temp. 24.4 Assoc humidity 94% Hrs of sunshine. 6.50 Rainfall in nun. Nil Rainfall this mth. 105.4 Rainy days this mth. 9 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 15/07 Showers Bangkok 34/26 Showers Beijing 33/25 Sunny Brunei..... 29/24 Showers Hongkong
      201 words
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      Page 27 Miscellaneous Column 3
      36 27 hi.U'J.MiiSBBBBHi /&gggv—i pggftHT-fo 1 ON weg &'<&■•■■ excuse. rrc sir —this »t BUT ft Girl in ouR ofFKXI HeftßD Somee*C«SeS seftanS" -newer e»P«£D) >s leaving to oer wpißßiep Iw nn Time.... C twn tTAHOAWP CO. LTP- mmw
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  • Page 28 Miscellaneous
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      Page 28 Miscellaneous Column 1
      1636 28 TODAY'S TV OUR CHOICE MOVIES Rm Cbrissk Run, 2pm, TV1 When her mother picks up a briefcase full of cash, a 15-year-old girl doesn't get to run to the nearest store for a shopping spree. Instead, she runs off with her mum to the nearest train station to get as
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      Page 28 Miscellaneous Column 2
      672 28 MOVIES ON TV Meaey Www, Mm, t.lOpw, three Manhattan sisters who TY2 find that their personal and A good movie for Cisco professional lives aren't that This Australian mov- without ixxnanie tells how a bunch of secu- tic liaisons. So they end up rity guards try to rob their exchanging
      672 words