The Business Times, 4 August 1990
1990-08-04
1
30
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The Business Times
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Title Section11 1990-08-04 1 Business Times MCI (P) 170/12/89 Weekend Edition, August 4-5 1990 75'11 words
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NEWS & MARKETS SUMMARY
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Article34 1990-08-04 1 THE US stock market sold off sharply for the second straight session yesterday. The Dow Jones average of 30 industrials tumbled 57.92 points to 2,806.68 in the first hour of trading34 words
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Article42 1990-08-04 1 LONDON share prices were slightly higher at midday yesterday, helped by bargainhunting At about 12.1S pm (1115 GMT), the FT-SE 100share index was up 2.7 points, or 0.1 per cent, at 2,307.2. Volume came to 290.3 million shares at midday.42 words
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82 1990-08-04 1 UNEMPLOYMENT in the United States climbed in July to 5.5 per cent from 5.2 per cent the previous month, reaching its highest rate in two years, while the number of new jobs created shrank, the Labour Department said yesterday. Payrolls outside the farm82 words
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Article47 1990-08-04 1 THE demonstration phase of the Housing and Development Board's massive upgrading programme is estimated to cost around $200 million. The Ministry of National Development yesterday announced that it had selected six demonstration precincts to be designed by both HDB and private architects Page 247 words
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Article37 1990-08-04 1 GOLDEN Plus Holdings Bhd (formerly Dayapi Industries) is planning to purchase 28 shop and office units at the Fu Lu Shou Complex in Rochor Road in Singapore for M 529.29 million (5519.7 million) Page 337 words
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Article, Illustration30 1990-08-04 1 Friday Change BT-MGA 786.73 -9.81 Kuala Lumpur ....615.94 -6.83 Hongkong 3,356.95 -58.23 lokyol 29,54 5.76 -729.42 Sydney 1,588.0 -28.6 Thursday Change New York 2,864.60 -34.66 London 2,304.5 -34.530 words
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Article20 1990-08-04 1 Exchange rates uss SSI.8080 Yen SSI.2106 MS SS0.6695 Monty Market rates Overnight 5 3/4 1/2 3-montn 6 7/8 1/420 words
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Article33 1990-08-04 1 Ltwflon Cold PM fix US$380.00 -US$0.70 STpcreSep 154.00*/kg -0.75 NfsiaSep M232.50«/kg -0.50 KL Tin Turnover 52 tonnes -21 Spot M$16.28/kg -12 Cnrfi pain oil Turnover 229 lots -120 Aug M$660 /tonne unch33 words
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564 1990-08-04 1 Conrad Raj - Iraqi invasion of Kuwait KIO tells brokers worldwide all sales orders will be illegal By Conrad Raj THE MONETARY Authority of Singapore (MAS) is keeping a close watch on the impact of the Middle East crisis on Singapore's financial institutions following the564 words
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236 1990-08-04 1 Agencies SHELLING and gunfire shook sections of Kuwait's capital yesterday as Iraqi troops sought to consolidate their hold on this oil-rich Gulf nation and some officials feared Baghdad might try to invade Saudi Arabia. The fighting was reported by Gulf-basedAgencies - 236 words
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Article191 1990-08-04 1 CONTINUED instability in the Middle East drove prices in regional stockmarkets further downwards yesterday. In Tokyo, the Nikkei index fell 729.42 points to 29,515.76. Market participants were also affected by the weakening yen which closed 0.45 yen lower at 149.35 yen to the US dollar. The191 words
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210 1990-08-04 1 Lilian Ang - By Lilian Ang OIL PRICES in the spot market have shot up by some 15 per cent since the invasion of Kuwait by Iraq. In extremely volatile trading, the prices for Dubai and Brent crudes climbed by between US$3 and US$4 a barrel210 words
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167 1990-08-04 1 HEDGING of oil prices have cushioned Singapore Airlines and Neptune Orient Lines from the impact of rising fuel prices as a result of the conflict between Iraq and Kuwait. An SIA spokesman said the company's fuel expenditure will be unaffected in the167 words
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450 1990-08-04 1 Magdalene Ng - By Magdalene Ng UNITED OVERSEAS Bank (UOB) has reported a 10.2 per cent rise in group net attributable profit to $139.1 million for the six months ended June 30, 1990, a level that is at the low end of analysts' forecast. The450 words
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Page 1 Advertisements
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Advertisement175 1990-08-04 1 Nikon ThtWbrtd*«PbiMt Photographic Sy«*m. COVER OPINIONS PURSUITS I LIFESTYLE~BB^BI£^ JOBS FINANCE Rpvptiop nf w1 *w Stick to the vehicle Twelve soaring Rover-inp un *t(9 Up in arms Dollar soars, but is it the pity- elI f< EL 3 for the big gnu teg? EL 9 LL 1 Anita Baker 6175 words
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Advertisement200 1990-08-04 1 Tokyo, Bonn freeze assets, Pg 7 Tokyo considers economic sanctions, Pg 7 New alignment in Arab power, Pg 7 Shock waves through oil market, Pg 7 Investors flee to market havens, EL 9 Is the US dollar a good buy? EL 9 There Are Those Who Recognise The Crafl Of200 words
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Advertisement4 1990-08-04 1 Nikon Th«»brtd'»Rn—t WiiHutfiipmc >y—m.4 words
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HOME NEWS
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NEWS ROUNDUP
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62 1990-08-04 2 SINGAPORE TELECOM is launching three phonecards with optical fibre designs to mark the Republic's 25th anniversary. From today, a total of one million pieces of these $10 denomination phone cards will be available. The optical fibre thane was chosen to reflect Singapore's achievement in having62 words
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Article84 1990-08-04 2 APPRECIATION OF ART should begin in schools, said Ho Kah Leong, Senior Parliamentary Secretary (Communications and Information). Mr Ho said Singapore had achieved many of its nation-building goals, but one area which could be improved was the appreciation of art and culture. He said Singaporeans were beginning84 words
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Article78 1990-08-04 2 A GRADING SYSTEM will be introduced to 442 members of the Good Retailers Scheme in an effort to promote and uphold quality and reliable service within the industry. The system, involving a total of 851 retail outlets, will be implemented on Jan 1. It is jointly78 words
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Article47 1990-08-04 2 THE SINGAPORE MRT has raised $500,000 for the 25th Anniversary Charity Fund through the sale of MRT commemorative tickets. Dr Yeo Ning Hong, the Minister for Communications and Information, will present this cheque in a ceremony to be held on Aug 16.47 words
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Article28 1990-08-04 2 MALTESE Prime Minister Dr Edward F Adam is paying a courtesy call on Prime Minister Lee Kuan Yew today at the Istana.28 words
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Article64 1990-08-04 2 THIS YEAR'S Tan Kah Kee post graduate scholarships are open for application until Aug 31. The scholarships were set up in commemoration of the late philanthropist Tan Kah Kee's contributions to education. The scholarships, worth $5,000 each, are open to Singapore citizens and permanent residents. For64 words
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248 1990-08-04 2 THE DEMONSTRATION phase of the Housing and Development Board's (HDB) massive upgrading programme is estimated to cost around $200 million. The Ministry of National Development yesterday announced that it has selected six demonstration precincts to be designed by both HDB and private248 words
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311 1990-08-04 2 JAPANESE-LISTED con-tractor-cum-developer JDC Corporation will develop three upmarket housing projects in Singapore and a fourth in Malaysia for a total of $60 million. For one project, it will team up with Malaysianlisted property group IGB Corporation's construction associate, IJM Corporation, to build a 14-storey 37-unit311 words
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191 1990-08-04 2 THE PUBLIC Utilities Board and the Ministry of Defence (Mindef) will see new faces at the helm next month. The Chief of Army, Briga-dier-General Boey Tak Hap, will leave the Singapore Armed Forces next month. He will join the PUB as a deputy chief191 words
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345 1990-08-04 2 NTUC FAIRPRICE has scored yet another year of record sales and profits due mainly to the growth of its supermarket and retailing activities. For the year ended March 1990, sales surpassed the $400 million mark and profits before contributions reached an all-time high345 words
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SHIPS IN PORT
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Article487 1990-08-04 2 U M- MM ivf vw Mnn mmm wpjnin fewl fey Na Bar* Vitrei Departs WIUM'YQS April Q 22E/90 K18 alongside 03.08/1500 Progob 93-OW K29 akx*s*Je 05.08/0600 K Jesparsen 47 F90 C09 alongside 03.08/1800 Kota Barer* E-8S9A K32 ato*ade 06.08/0600 Kota Wirama E-858 K31 atav* 03.08/2200 Pnmarje 4/90487 words
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Article1047 1990-08-04 2 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO ft I t <■*-« |»-M. Ktcoro ooownf,/ Mane? kso SMp Voy No P«riod From To From P of DbcBai Space H Ahmadah 65A 1 03/1500 03/1659 03/1900 Afcor 122N 2 03/1700 04/0659 04/0900 3 04/0700 04/1159 04/1400 4 04/1200 04/14591,047 words
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Article344 1990-08-04 2 Purl Ki—g South Port on Aug 3; Petro Naga berth 1; Adrtya Vaihav berth I Peiego tso berth 3; Miion No 2 berth 3; Ho»* Soon berth 4; Kuala Siak/KKDV berth 7; Melalia Jaya berth 7A. KCT: Bunga Dahlia berth 10; Melisa berth 10. North Pert Steianova344 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration346 1990-08-04 3 William Chia - William Chia GOLDEN Plus Holdings Bhd (formerly Dayapi Industries) is planning to purchase 28 shop and office units at the Fu Lu Shou Complex in Rochor Road in Singapore for M 529.29 million (5519.7 million). Golden Plus said it had346 words
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506 1990-08-04 3 NST BOLTON PROPERTIES has proposed to buy a 5 per cent stake in Bolton LYL and several pieces of properties for a total of M 514.8 million. At the same time, it is making a one-for-four bonus issue and a one-for-four rights issue atNST - 506 words
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163 1990-08-04 3 NST NIPPON PAINT (M) Sdn Bhd which is 40 per cent owned by Wuthelam Holdings (M) Sdn Bhd (which is part of the Wuthelam group headed by Singapore businessman Goh Cheng Liang) is considering a listing on the main board of the Kuala LumpurNST - 163 words
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764 1990-08-04 3 MARKET TALK Bernama NO MATTER how its bid to take over Boustead Holdings Bhd turns out, Lembaga Tabung Angkatan Tentera (LTAp is determined to have a bigger say in charting the future course of the diversified group whose interests include plantations, property investment, shipping, trading,Bernama - 764 words
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357 1990-08-04 3 Bernama KEMAYAN OIL Palm Bhd, through its wholly-owned subsidiary Zhen Investment Pte Ltd, has agreed to purchase 53 per cent of the issued and paid-up capital of LK-NES, an engineering and manufacturing firm, for 554.5 million. Kemayan said Zhen Investment would buyBernama - 357 words
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COMPANY BRIEFS
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106 1990-08-04 3 KEPPEL Corp confirmed yesterday that listing approval had been obtained from the SES for the placement of new shares 7. under Rule 144 A of the US Securities Act of 1933. All 15 million Keppel shares have now been successfully placed at $7.50106 words
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Article88 1990-08-04 3 AMTEK Engineering Ltd is subscribing for an additional 1.05 million new shares of Msl each in Kris Components Sdn Bhd, a 70 per cent owned subsidiary in Malaysia. The allotment will raise the group's interest in KC to 85 per oent but will revert88 words
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Article91 1990-08-04 3 TONG MENG Industries Ltd, the listed vehicle of Malaysian banker Tan Sri Teh Hong Piow, reported yesterday group after-tax profit of $137,000 ($192,000) on turnover of $2.77 million ($2.89 million) for the six months ended June 30, 1990. Earnings per share was 2 cents (same).91 words
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Article66 1990-08-04 3 SELANGOR DREDGING Bhd said directors at their recent board meeting have deliberated on the report reoeived from Subsurface Engineering Sdn Bhd which was commissioned to* carry out prospecting works in the District of Lahad Datu in Sabah. The finding of Subsurface Engineering reveals that, there is66 words
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301 1990-08-04 3 MBT INTER-PACIFIC Development (IPD), the property arm of the Inter-Pacific Industrial Group, is looking into the possibility of acquiring more land in the Klang Valley in Kuala Lumpur. Senior manager Tan Chin Hian said the company has identified several pieces of land in theMBT - 301 words
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Page 3 Advertisements
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Advertisement56 1990-08-04 3 Xad newt dsen eaxkei <^. i vQ m I MfwC r jJttH B9L_ f,*; ■>... v;' &3& i i iiii itMtf* ,-M^ 1989 From August 3 16, leather accessories and men and women's apparel are on sale at Mulberry outlets in Scotts Shopping Centre, Tkngs, Daimaru and Paragon. LONDON PARIS56 words
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COMPANY NEWS
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COMPANY BRIEFS
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74 1990-08-04 4 JAPANESE PLANT engineering company Chiyoda Corp expects to win a 50 billion yen order for a fertilizer plant from Saudi Arabia. The plant; to be built for the state-run Saudi Arabian Fertilizer Co, will be capable of producing 500,000 tonnes of ammonia and74 words
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Article61 1990-08-04 4 WEST GERMAN chemical firm Hoechst AG said it signed a letter of intent to form a joint venture with East German synthetic fibres manufacturer Chemiefaser Guben GmbH. The venture will aim at joint production and sales of synthetic fibres and technical yarns. Hoechst aims to acquire61 words
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Article51 1990-08-04 4 CHEVRON CORP denied a Tass News Agency report that it signed a joint venture agreement with Soviet officials to develop the Tengiz oilfields at the north end of the Caspian Sea. A Chevron spokesman said no development agreement has been signed with the government of Soviet51 words
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Article56 1990-08-04 4 MITSUI AND CO Ltd president Naohiko Kumagai told a news conference the company is considering a wood products joint venture with the Soviet Union. Mr Kumagai said Mitsui has obtained permission to establish offices for the venture in Riga in Latvia, Kiev in the Ukraine, Minsk56 words
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Article40 1990-08-04 4 BRISTOL-MYERS Squibb Co and Beiersdorf AG said they completed acquisitions in the medical speciality markets. Beiersdorf completed its purchase of the Jobst Institute Inc and its Irish subsidiary, Jobst Ireland Ltd, for an undisclosed amount of cash.40 words
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Article48 1990-08-04 4 T BOONE PICKENS, continuing his fight with Toyota Motor Corp for representation on the board of Japanese auto parts maker Koito Manufacturing, called on Toyota to immediately open its US tax records for inspection "to avoid tarnishing its image in the United States".48 words
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Article53 1990-08-04 4 MITSUBISHI HEAVY Industries Ltd (MHI) plans to produce turbochargers in the Netherlands ahead of European Community integration in 1992. MHI Equipment Europe BV (MEE) in Armere, a suburb of Amsterdam, will begin assembling turbochargers for use in cars in 1991 and will have an annual output rate53 words
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227 1990-08-04 4 Reuter ANALYSTS WHO follow Sears, Roebuck Co said they were caught off guard by the company's announcement that it had had discussions on joint opportunities with Montgomery Ward Co. Both retailers said talks have ended, and they intend to remain independent. NoReuter - 227 words
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Article, Illustration554 1990-08-04 4 Reuter PROPERTY blue-chip Hongkong Land Holdings Ltd will sell its World Trade Centre office building in Causeway Bay to Bond Corp International Ltd (BCIL) for HKSI.72 billion, the two companies said in a statement. BCIL has paid a HKSSOO million deposit onReuter - 554 words
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181 1990-08-04 4 NYT NYNEX Corp, which faces criminal and civil lawsuits and regulatory penalties after accusations of impropriety, will create an office of ethics and business conduct, company officials said on Thursday. The eight-member ethics office will begin operating on Monday and will have aNYT - 181 words
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213 1990-08-04 4 NYT A NUMBER of analysts in the US are recommending food stocks to investors, or in stock market parlance to "overweight" their portfolios with those issues. During the 1980s, food stocks appreciated an average of 14 per cent a year, outperforming the market inNYT - 213 words
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232 1990-08-04 4 Reuter A ROW over control of a large hotel chain has marred the start of East Germany's ambitious privatisation programme. Steigenberger Hotels A, a family-owned West German group, claimed on Thursday it had a deal to take over the 34 hotels ofReuter - 232 words
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837 1990-08-04 4 Reuter EUROPE'S mass carmakers, bloated by Five years of record sales, are finding profit margins squeezed as the business climate cools and production capacity outstrips demand. Car industry share analysts are scrambling to cut back profit growth projections as the manufacturers are forcedReuter - 837 words
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Page 4 Advertisements
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Advertisement189 1990-08-04 4 Tender Sale By The Receivers Managers of WALES FOOD INDUSTRIES (S) PTE LTD Seafood Processing Plant, Equipment And Stocks At Jurong Assets to be sold relate to specialised process for freezing of seafood products using liquid nitrogen. For sale as a whole and not separately. Assets include:1. equipment for Individually189 words
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Advertisement97 1990-08-04 4 FAB EASTERN FREIGHT CONFERENCE SARAH. RRUNEI AND SARAWAK FREIBHT CONFERENCE NOTICE TO SHIPPERS MT 90 CURRENCY ADJUSTMENT FACTOR A review of the latest currency values has resulted in a radical upward adjustment of the Currency Adjustment Factor from Singapore/Malaysia. The above Conferences, therefore, wish to announce that with effect from97 words
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FINANCIAL NEWS
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604 1990-08-04 5 Reuter DEUTSCHE BANK AG said the first-time consolidation of its fully-owned subsidiary Morgan Grenfell Group pic accounted for 70 per cent of the 27.4 billion mark firsthalf 1990 increase in group business volume. Morgan Grenfell contributed 19.2 billion marks to the rise in groupReuter - 604 words
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Article, Illustration622 1990-08-04 5 Reuter MIDLAND Bank pic chairman Sir Kit McMahon said he expects an improvement in performance in the rest of 1990 after a disappointing first half. "They are obviously quite unacceptable results at this level," he said, but he expected aReuter - 622 words
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270 1990-08-04 5 Quak Hiang Whai - Quak Hiang Whai TAT LEE Bank has joined Network for Electronic Transfers (Singapore) or Nets for short, making it the sixth member of the company. With Tat Lee Bank's participation, the paid-up capital of Nets has been raised to $1.2 million, with the six270 words
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264 1990-08-04 5 Reuter WEST GERMAN insurer Allianz AG Holding is buying Fireman's Fund Insurance Corp of the United States for US$3.3 billion. Board chairman Wolfgang Schieren told a news conference the acquisition of the US insurance firm, to be finalised in January of next year, wasReuter - 264 words
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206 1990-08-04 5 Reuter AMERICAN Express Bank said it would start operating in Poland this year and a finance ministry adviser said other foreign banks were poised to follow suit. American Express (Poland) Ltd will specialise in financial and other services geared to travel and tourism.Reuter - 206 words
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Article, Illustration548 1990-08-04 5 Reuter MORE JAPANESE firms, eager for funds to finance their capital investment, will be looking to equity-linked financing as a source in coming months, brokerage officials said. But concern over the ability of the fragile Toyko stock market to absorb any financing floodReuter - 548 words
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SMALL CHANGE
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75 1990-08-04 5 MAJOR Japanese city and trust banks are likely to raise the short-term prime rate by 0.25 percentage point to 7.375 per cent a year beginning Monday, the Nihon Keizai Shimbun said yesterday. The influential financial daily, quoting banking sources, said the increase was75 words
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Article69 1990-08-04 5 BANK of Tokyo said it opened a representative office in Taiwan yesterday, becoming the first Japanese bank to establish a presence on the nationalist-held island in 31 years. The new office in Tapiei will gather information about the Taiwan economy and initially employ69 words
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Article65 1990-08-04 5 HONGKONG has granted Denmark's Den Danske Bank af 1871 A/S, a banking licence to conduct business in the territory, a government spokesman said. The bank already has a deposit-taking company and a finance company there. The granting of the licence brings the total number of65 words
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Article40 1990-08-04 5 CHICAGO Board of Trade directors said they named Neal Kottke as vice-chairman of the exchange, replacing William O'Connor, who was elected chairman on Wednesday. O'Connor replaced Karsten Mahlmann, who resigned as chairman of the exchange on Wednesday.40 words
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Article56 1990-08-04 5 WESTPAC Banking Corp said that it would raise its New Zealand indicator lending rate by O.S percentage point to 16.2S per cent from August 6. New Zealand general manager George Stoopin said that the move followed two actions this week by the Reserve Bank of56 words
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Article72 1990-08-04 5 SEVERAL local and foreign banks in Taiwan have lowered short-term lending and deposit interest rates between 0.25 and 0.50 percentage point yesterday in response to a credit easing by the Central Bank on Wednesday. Standard Chartered Bank reduced its one-month deposit rate to 10 per72 words
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Page 5 Advertisements
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Advertisement56 1990-08-04 5 ©^Mfine ■carpets THE POUNDER for the Discerning Buyer RARE OLD NEW OLD TRIBAL AUTHENTIC PERSIANS AFGHANS oJiiLii* v imit r NEW PAKISTAN TIENTSIN WOOLLEN/ PERSIAN SHANGHAI SILK BOKHARA DESIGNS PERSIAN DESIGNS AMIE&SONS ltd (SINCE 1921) #03-01 Lucky Plaza, 304 Orchard Road, Singapore 0923. Tel: *****83 *****12. Fax: *****35. WEEKDAYS: 10am56 words
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Page 5 Miscellaneous
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Miscellaneous19 1990-08-04 5 Stan, did It ever occur to you that monogamy is like a portfolio with only one Investment In It?"19 words
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THE REGION/WORLD
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WORLD WATCH
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71 1990-08-04 6 SOVIET Foreign Minister Eduard Shevardnadze said on Thursday that President Mikhail Gorbachev intended to visit Japan next spring but declared Tokyo was still lagging behind Europe in its relations with Moscow. Talks on expanding ties with' South Korea, meanwhile, opened in Moscow between71 words
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Article80 1990-08-04 6 TAIWAN will set up a new office this month to govern its booihing unofficial links with China, state radio said on Thursday. It quoted Taipei Premier Hau Pei-tsun as saying the "intermediary organisation" would be officially established in mid-August when details of its functions80 words
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Article79 1990-08-04 6 THE US and the European Community on Thursday renewed pressure on Japan to allow in more foreign goods, sayiqg market opening moves in the last few years are only a start. Japan has achieved "impressive results" in cutting restrictions on imports of wine, alcohol79 words
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Article94 1990-08-04 6 HORDES OF FOREIGNERS have flocked to Japan's affluence and job opportunities for work mostly in unskilled and manual labour knowing that they would be branded illegal workers. But among such foreigners, Peruvian and Brazilian citizens with Japanese heritage, who flock to the home of their94 words
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Article82 1990-08-04 6 THE SOVIET UNION is ready to establish direct contacts with Prince Norodom Sihanouk, the leader of the Cambodian resistance movement, if the US establishes similar contacts with the Phnom Penh regime of Prime Minister Hun Sen, said Tass news agency on Thursday. The report follows82 words
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Article62 1990-08-04 6 CENTRAL AMERICAN economic ministers on Thursday announced their support for a hemispheric free trade zone proposed by US President George Bush. Mr Bush on June 27 proposed the creation of a free trade zone that would eliminate commercial barriers and offered to remit some loans made62 words
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Article, Illustration426 1990-08-04 6 AFP THE US may heed growing calls for an end to its 15-year trade embargo against Vietnam if next week's US-Viet-namese talks on Cambodia make progress, US officials say. While in Jakarta for talks with his counterparts from the Association ofAFP - 426 words
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372 1990-08-04 6 AP ORDERS to factories for manufactured goods slumped in June for the third time this year, the US government said on Thursday. The report added to analysts' fears of a possible recession that were intensified by rising oil prices resulting fromAP - 372 words
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318 1990-08-04 6 Reuter US TRADE Representative Carla Hills predicted on Thursday that more than half of the nations negotiating trade reforms in Geneva would walk away from the talks if no agreement was reached to end farm subsidies. She told aReuter - 318 words
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375 1990-08-04 6 Reuter THE US House of Representatives on Wednesday approved a five-year US$54 billion 1990 Farm Bill that its supporters say will keep US agriculture on the mar-ket-oriented track, but give farmers more discretion in planting crops and add environmental protection. The HouseReuter - 375 words
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351 1990-08-04 6 Bernama MALAYSIAN businessmen should begin forging more joint ventures with their counterparts in European Community (EC) countries to be ready to grasp the greater trade opportunities that will arise when the single European market comes into being in 1993. The British HighBernama - 351 words
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464 1990-08-04 6 AFP BOUGAINVILLEANS know that whatever the outcome of their ongoing peace talks with the Papua New Guinea (PNG) government, their island's secessionist war has changed their lives forever. "People have tasted blood," former premier Leo Hannett said. "They made the place (Bougainville) asAFP - 464 words
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Page 6 Advertisements
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Advertisement99 1990-08-04 6 KNOW THE NEWS CONTEST ■tT" LAN VIN paris Designed for active lifestyles. Model ***** creates a sporty yet fashionable NN. statement for ladies and men. The innovative interplay of colours and graphics adds an interesting dimension to the face. The distinctive Lanvtn name is engraved on the ruthenium plated casing99 words
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FOCUS
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Article, Illustration567 1990-08-04 7 Iraqi invasion of Kuwait AFP JAPAN AND WEST GERMANY have joined other major world powers in freezing tens of billions of dollars in Kuwaiti assets in their countries to prevent Iraq from seizing them after its invasion of Kuwait. Italy and Belgium alsoAFP - 567 words
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Article, Illustration675 1990-08-04 7 NYT IRAQ'S invasion of Kuwait ushers in a new alignment in which Iraqis, Iranians and Palestinian hard-liners appear to share an interest in subduing the oil-rich monarchies of the region and challenging United States influence in the Arab world. In ordering his forces toNYT - 675 words
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540 1990-08-04 7 AFP JAPAN, which froze an estimated US$2O billion of Kuwaiti assets in Japanese banks, said it was considering economic sanctions against Baghdad as more Asian countries expressed hope for peace after Iraq's invasion of Kuwait. Japanese Foreign Ministry spokesman Taizo Watanabe said Japan, acting in responseAFP - 540 words
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668 1990-08-04 7 NYT A NEW ROUND of economic warfare seemed to be under way on Thursday, as the Iraqi invasion of Kuwait resurrected both higher oil prices and fears of Opec domination of the world oil market. But many ground rules have changed, bothNYT - 668 words
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282 1990-08-04 7 Reuter THE Lloyd's of London insurance market is introducing a war risk premium for shipping in the Mideast Gulf with immediate effect from Thursday. Christopher Rome, a marine underwriter at Lloyd's, said in a statement the premium would initially apply for 48Reuter - 282 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4582 1990-08-04 8 Abdul Hadhi - By Abdul Hadhi RUMOURS THAT Iraqi troops were advancing towards the Saudi border drove share prices on the Singapore stockmarket further downwards yesterday. Iraqi troops invaded Kuwait on Thursday after negotiations between the two parties broke down. Media reports indicate that Iraq now4,582 words
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Article3945 1990-08-04 9 Main FAN 870 +25 +3.0% Spore Land 1480 +20 +1.4% ICB 540 +20 +3.8% Haw Par 300 +11 +3.8% Potytek 50* 151 +8 +5.6% YHSWt II +6 +8.0% UOB Foreign 700 +5 +0.7% FELS 50* 685 5 +0.7% OUB 545 5 +0.9% ICB Wits 2183,945 words
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Article, Illustration812 1990-08-04 10 Plans to further expand its presence in the Asia-Pacific P&O THE PENINSULAR and Oriental Steamship Navigation Company of the United Kingdom, more popularly known as P&O, has long been a household name in the AsiaPacific region. For example, in 1845, the first P&O service to call812 words
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Article, Illustration651 1990-08-04 10 P&O is more than just a shipping group, having?, diversified into a whole range of new and exciting activities. Last year, for example, over 60 per centf of its turnover came from non-shipping In fact, hqusebuilding, construction and development formed651 words
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Page 10 Advertisements
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Advertisement92 1990-08-04 10 i i tJ SJIIIJ ■bKP flPMpl a of the Keppel Group, proud to be iKtciated with P&O Containers W through Container Shipping. Agent for p&0 Containers ss Steamers Maritime Holdings Limited Mansfield Container Shipping Pte Ltd (A division of Keppel Corporation Limited) (A subsi d.ary of Steamers Maritime Holdings L.m.ted)92 words
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Advertisement116 1990-08-04 10 I The Peninsular and Oriental Steam Navigation Company (Singapore) Re Ltd I Ritchie Bisset (Far East) Re Ltd I 1 Maritime Square #12-03 I World Trade Centre Singapore 0409 I Tel: *****33 Fax: *****96 Telex: RS ***** I P&O Travel (Singapore) Re Ltd I 80 Anson Road, #31-01 I IBM116 words
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Article, Illustration572 1990-08-04 11 7 HEN THE Lady Mary Wood\t\l a 49-metre long wooden pad- die steamer, sailed into Penang orftAug 2, 1845, and Singapore on Aug 4, it was the first P&O ship ever to call on the Republic and Malaysia. Named after the wife of Charles Wood,572 words
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Page 11 Advertisements
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Advertisement179 1990-08-04 11 I CONGRATULATIONS to on Its 145 th year In Singapore I WE GIVE YOUR VESSELS I I A NEW LEASE OF LIFE. I I At Sembawang Shipyard, we are fully Docks: Graving docks of 400,000 DWT and I I equipped to handle ship conversion and repair 100,000 DWT capacities. Floating179 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3735 1990-08-04 12 Bernama, MBT SHARE PRICES in Kuala Lumpur lost further ground yesterday in the wake of the Iraqi invasion of Kuwait but closed off their day's lows. The KLSE Composite Index ended 6.83 points down at 615.94 while losers led gainers by 128 toBernama,; MBT - 3,735 words
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Page 12 Advertisements
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Advertisement153 1990-08-04 12 BT SURVEYS Looking Wider, Thinking Deeper Some subjects 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. Pilling the gap153 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2319 1990-08-04 13 Reuter TOKYO stocks closed sharply lower yesterday for the second day after Iraq's invasion of Kuwait on Thursday sent oil prices surging and aroused fears of inflation and interest rate rises. The Nikkei Index shed 2.41 per cent and fell below 30,000 pointsReuter - 2,319 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2377 1990-08-04 13 Reuter HONGKONG stocks steadied in late afternoon trade yesterday, closing off their lows after market talk that Iraq had been moving its troops towards Saudi Arabia faded. The Hang Seng Index, down some 74 points to an intraday low of 3,341 at oneReuter - 2,377 words
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REGIONAL STOCK MARKETS
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Markets fall on Middle Eastern fears
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Article1026 1990-08-04 14 THE AUSTRALIAN sharemarket closed sharply lower yesterday ahead of the weekend as nervousness and confusion due to the Middle East situation set in. The All Ordinaries index finished near its lows at ISBB.O, off 28.6 points, with most of the losses sustained in hectic afternoon trading. A Smith New1,026 words
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Article674 1990-08-04 14 THAI STOCKS fell sharply yesterday in tandem with markets in New York and Tokyo and talk that Iraqi troops were approaching the Saudi Arabian border, brokers said. The composite SET Index fell 31.84 points to close at 1097.52. Most shares were down sharply. "The market opened lower and picked674 words
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Article89 1990-08-04 14 Ooae Previous A«fMt 3 SYDNEY All Ordinaries Index 1588 0 1616.6 -28.6 All Industrials Index 2410.1 2462.4 -S2.3 AU Resources Index 953.2 964.6 -11.4 Turnover (million) 109.1 unav BANGKOK SET Index 1097.52 1129.36 -31.84 Turnover (nearest *000) unav unav JAKARTA Composite Index 613.49 612.22 +1.27 Turnover (nearest *000) 3,430 200089 words
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Article494 1990-08-04 14 MANILA SHARE prices fell across the board yesterday as jittery investors sold on fears that tension in the Middle East might escalate. The Manila Stock Exchange composite index fell 15.66 points to close at 922.33. The combined volume at the two bourses rose to 899.40 million shares worth 138.13494 words
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Article387 1990-08-04 14 TAIWAN STOCKS closed sharply lower with the weighted index losing 321.69 points, or 5.9 per cent, to finish at 5,128.73 compared with Thursday's 5,450.42 close. Stock opened lower and the index fell throughout the day as nervous investors were buffeted by a variety of rumours about developments in the387 words
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Article447 1990-08-04 14 NEW ZEALAND shares ended lower yesterday following Middle East-in-spired nervousness on world bourses and further NZ Reserve Bank tightening of monetary policy. The Barclays index estimate finished 18.84 points lower at 1,764.28 after sinking by as much as 30 points early in the session. "We are in nervous447 words
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Article289 1990-08-04 14 Ia local carnacy la S$ la USS day year day year day year Aag 2 Mb dmm* dtmm ch—t day cfai* chu World 416.8 -0.8 -ia3 -1.8 -14.0 -2.0 -9.7' *EAFE 574.3 -1.3 -15.7 -2.6 -18.5 -2.8 -14.4 Europe 443.4 -1.4 -1.6 -2.1 2.8 -2.2 7.9 Pacific 960.9 -1.2 -24.1289 words
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Article775 1990-08-04 14 SEOUL SHARE prices feU in active morning trade yesterday mainly reflecting disappointed investor sentiment as the ruling party denied rumours it will submit plans for market-boosting measures to the government, brokers said. The composite index stood at 681.51 near the close of morning session, dropping 6.77 points from Thursday's775 words
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Article566 1990-08-04 14 PRICES ON the Jakarta stock exchange ended mixed yesterday, with the composite index edging up 1.27 points to 613.49. Brokers said trading was active in yesterday's half-day trading, with turnover rising to 3.43 million shares from two million all day on Thursday. Yarn producer Indorama on its first day566 words
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WORLD STOCK MARKETS
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Wall St sees heaviest trading in 18 months
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Article, Illustration1106 1990-08-04 15 IRAQ'S invasion of Kuwait triggered a surge in oil prices on Thursday, reviving fears of inflation and sparking sharp drops in US share prices in the heaviest trading of the year. "It's been a whirlwind for most of the day," said Ron Doran, director of institutional trading at1,106 words
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Article, Illustration850 1990-08-04 15 LONDON SHARE prices finished sharply lower and at the session's minimums on Thursday, following Iraq's invasion of Kuwait. Excluding the oil sector, stocks were knocked broadly lower as the market interpreted the events in the Persian Gulf to mean that higher oil prices would boost British inflation beyond its850 words
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Article87 1990-08-04 15 Aug 2 Close Previous NEW YORK Dow Jones 2,864.60 2899.26 -34.66 NYSE Financial 135.71 137.53 -1.81 SAP 500 351.48 355.52 -4 04 Turnover (million) 253.09 176.81 -76.28 LONDON Financial Times 30 1,811.4 1,852.8 -41.40 FTSE 100 2,304.5 2.3390 -34.5 Turnover (million) 561.5 419.2 +142.3 AMSTERDAM CBS General 199.3 199.1 +0.287 words
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Article219 1990-08-04 15 DUTCH SHARES slipped further in quiet midday trade yesterday with selling pressure weighing on prices of selected stocks, dealers said. "Sentiment is still cautious, but the market has clearly calmed down," one dealer said. The release of US jobs data later yesterday might, however, give the bourse a late219 words
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Article186 1990-08-04 15 BELGIAN SHARES started lower in active trading, pressured by concern that higher oil prices as a result of the Gulf crisis could lead to a recession in the West and instability on world financial markets, dealers said. They said Kuwaiti assets there, which Belgium is freezing, were small and186 words
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Article187 1990-08-04 15 ITALIAN STOCKS rebounded slightly yesterday after a weak start, but the market's tone remained depressed due to a combination of internal factors and tension in the Gulf, brokers said. The MIB was down nearly one per cent at 0900 GMT after Thursday's 3 per cent fall. Early volume was187 words
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Article370 1990-08-04 15 JOHANNESBURG GOLD shares opened lower yesterday as the gold price eased to below US$376 an ounce, after surging well through the US$3BO an ounce level on news of the Iraqi invasion of Kuwait on Thursday. Heavyweight gold share Vaal Reefs fell 8.50 rand to 300 rand and Driefontein was370 words
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Article286 1990-08-04 15 WEST GERMAN shares ended 1.5 per cent lower yesterday as worries about the consequences of Iraq's invasion of Kuwait and growing concern about the costs of East German economic reform to West Germany unsettled the market. Dealers said British investors sold in low volumes early in the session. They286 words
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Article184 1990-08-04 15 FRENCH SHARE prices eased further to hover just above the important psychological level of 1,900 in nervous midday trade yesterday triggered by Iraq's invasion of neighbouring Kuwait, dealers said. The CAC-40 index stood at 1,900.62 at 102S GMT, after opening at 1,906.67. "France is one of the worst-hit markets.184 words
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Article222 1990-08-04 15 A PULLBACK in oil and gold shares after an early, feverish rally weakened Toronto stocks on Thursday. Despite trimming their gains, oil stocks broke a major technical barrier following Iraq's invasion of Kuwait and could continue their climb in coming sessions, they said. The composite index lost 22.18 to222 words
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Article275 1990-08-04 15 SWISS SHARES extended losses around midsession yesterday after opening slightly easier. Dealers said Wall Streets lower close and yesterday's fall on the Tokyo stock market kept investors sidelined. "Uncertainty rules after Iraq's invasion of Kuwait and foreign investors are selling shares of leading Swiss firms," one dealer said. Another275 words
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Article111 1990-08-04 15 Other markets in Europe, South Africa and Canada Stockholm Aag 1 Krofior Alfa Laval B Free 280 +5 Asea B Free Aslra Free 580 +20 Atlas Copco 330 +5 Ericisson B Free 1357 +49 Esab Free 300 unch S. E. Ban ken 88.5 Sandvik B Free 356 +6 Skandia 200111 words
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Page 15 Advertisements
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CURRENCY, MONEY & FUTURES MARKETS
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1201 1990-08-04 16 FOREX MARKET REPORTS THE US dollar yesterday held steady around its opening European levels as concern over poor US economic fundamentals came to the fore in the absence of fresh news from the conflict between Iraq and Kuwait. But the troubles in1,201 words
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Article389 1990-08-04 16 Crass rates Aug 3 USS SS MS Dm Yen SFr AS NZS USS 1.8080 2.7000 1.5960 149.80 0.5402 1.3570 1.2706 1.6835 SS 0.5531 1.4934 0.8827 0.8285 0.2988 0.7506 0.7028 0.9311 MS 0.3704 66.96 0.5911 0.5548 0.2001 0.5026 0.4706 0.6235 Dm 0.6266 1.1328 1.6917 93.86 0.3385 0.8503 0.7961389 words
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Article540 1990-08-04 16 Interbank rates S> Bid Offer' Overnight 5 3/4 6 1-month 6 3/4 6 7/8 2-month 6 13/16 6 IS/16 3-month 6 7/8 7 Owight mode: 6 1/2 L'S$ Bid Offer 7 days 8 8 1/8 1 month 8 8 1/8 2 months 8 8 1/8 3 months 8540 words
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Article302 1990-08-04 16 Reuter A DAY AFTER Australia announced an easing of monetary policy, the Reserve Bank of New Zealand tightened its monetary screws on the New Zealand economy. "It's an unbelievable move. They want to squeeze the economy to death," a money market dealer said after theReuter - 302 words
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Article1591 1990-08-04 16 SIMEX EUROOOLLAA Open High Law Sett Est Vol Op/Int Vol Sep 90 92.10 92M2 92.04 92.07 6000 ***** ***** Dec 90 92.19 92.23 92.14 92.16 ***** ***** ***** Mar 91 92.20 92.24 92.13 92.14 5500 5227 9089 Jun 91 92.07 92.09 91.97 91.98 1130 998 1502 Sep 911,591 words
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COMMODITIES
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431 1990-08-04 17 Reuter A FORECAST for a record Soviet grain crop of up to 260 million tonnes by Soviet agriculture official Vladlen Nikitin would drastically cut grain import needs in the upcoming 1990/91 season, US jjrain traders said. The record harvest of 237 million tonnesReuter - 431 words
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327 1990-08-04 17 Bernama WITH THE International Tin Council (ITQ officially dissolved, the tin industry should consider setting up a body to take over the job of collecting and compiling important statistical data, industry observers said on Wednesday. The London-based ITC, which grouped 23 major tin producingBernama - 327 words
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835 1990-08-04 17 REPORTS THE PRICE of tin slipped 12 sen to M 516.28 per kg on the Kuala Lumpur Tin Market (KLTM) yesterday on poor demand and higher disposals. The weak overseas trend contributed to the bearish sentiment in Kuala Lumpur, traders said. On835 words
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Article1307 1990-08-04 17 Rubber Aug 3 MS(hfclB>«M S cents/kg Noon Ck»c lnt I RSSPrompt 153.50/154.50N IS3.7VI54.75N lnt I RSS Sep 90 I53.7VI54.25 154.00/154.50N lnt I RSS Oct 154.50/155.00 154.7VI55.25N lnt 2 RSS OP 151.00/153.00N I5I.2VI53.25N lnt 3 RSS OP 146.5W148.50N 146.7V148.75N 1nt 4 RSS OP 142.50/144.50N 142.7VI44.75N hit 5 RSS OP I38.00/140.00N1,307 words
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Page 17 Advertisements
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Advertisement15 1990-08-04 17 Read Chartpoint, a guide (o investing in the stoek market. Every Saturday in Business Times15 words
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Advertisement362 1990-08-04 17 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 fr KIM KIAT LEE TRANSPORTATION ft SERVICE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 50 Jin Sultan *21-04 Jalan Sultan Centre. Singapore 0719 on 30th day of362 words
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Advertisement308 1990-08-04 17 IMSCOTTft ASSOCIATES PTILTP Noncc mboi ovw m a» FM Mm** of Ha Maabera ate d «w Cradtara d lis Oomsmol Cmgog ■I ha MM dM Mtaoa MfOMi car Ham. Sfcppera ON* ca Twe*r. 4 iymitv i«o at ujosjl lor tw pupoaM rat out tnfcitafen JOS of tw Ad Cap SO308 words
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375 1990-08-04 18 Martin Soong - By Martin Soong PREMIER-DESIGNATE Goh Chok Tong yesterday assured that second-genera-tion leaders had the political will necessary for Singapore's continued survival and success. "There will be life after Lee Kuan Yew," the First Deputy Prime Minister said in an interview on Singapore Broadcasting375 words
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Article305 1990-08-04 18 SINGAPORE will be a loser, being small and vulnerable, if crucial trade talks ended in failure, and countries retaliated against one another bilaterally, Brigadier-General (Res) Lee Hsien Loong said yesterday. Minister for Trade and Industry BG Lee said on the television programme Friday Background that305 words
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215 1990-08-04 18 FORMER opposition leader J B Jeyaretnam was yesterday ordered by the High Court to pay $260,000 in damages and legal costs to Prime Minister Lee Kuan Yew. In ruling against Mr Jeyaretnam in a defamation suit filed by the premier, High Court215 words
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241 1990-08-04 18 THE GOVERNMENT yesterday released a further exchange of letters between First Deputy Prime Minister Goh Chok Tong and Dow Jones' vice president/international, Karen Elliott House. i In a letter to Mr Goh dated July 30, Ms House stated that Dow Jones did not intend241 words
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404 1990-08-04 18 Shoeb Kagda - SMA mission to Pahang Fro* Shoeb Kagda IN KUANTAN FOR PAHANG to have a comparative advantage over the other Peninsula Malaysian states in attracting foreign investors, it needs to create a free trade zone, said Mr Robert Chua, president of the Singapore404 words
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Article268 1990-08-04 18 Asad Latif - By Asad Latif THE South Commission, which was set up in 1987 to examine the deepening problems of developing countries, has proposed a six-point "global programme of immediate action". The commission's report, The Challenge to the South, calls for action to stop the net transfer268 words
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Page 18 Advertisements
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Advertisement12 1990-08-04 18 SAcchiQ (iciutinc l eather Collection II Personal Many In Green Over It12 words
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Advertisement17 1990-08-04 18 C SAvclii.) (n iluuu /.< min i olh i ami la search of growth with equity, EL 217 words
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Executive Lifestyle
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Article, Illustration1123 1990-08-04 19 Jaime Lye - Somebody is popping the giant star-shaped National Day balloons along Orchard Road. Everybody thinks a bus did it, or the wind. But no, discovers Jaime Lye, as she unearths a diabolical plot by a group of misguided mercenaries to thwart tne nation's efforts to celebrate its1,123 words
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STRAWS IN THE WIND
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Article79 1990-08-04 19 SOME CALL IT health consciousness, some call it being cheap. At a press conference organised by a medical clinic in the city area, the participants were rather surprised to find the aircon off in the 36th floor office. The explanation was: "Closed buildings are very unhealthy. This way,79 words
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Article38 1990-08-04 19 DAVID COPPERFIELD was spotted at Ridley's on Wednesday night, which prompted someone to ask: "Doesn't he have a performance tonight?" "Yes," someone replied. "His audience is still at thr Indoor Stadium wondering where he disappeared to."38 words
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Article32 1990-08-04 19 OVERHEARD in Raffto Place: "He's not from the main branch of the Kuok family. I think he's from one of the subsidiaries." They were talking about one of Robert Kuok's nephews.32 words
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Article58 1990-08-04 19 HEARD OVER LUNCH: Is SIA a great way to fly? Horrors, no, said the SPGA when the national carrier wanted to have its girls release pigeons amidst the noise and commotion of the National Day parade during the march-part. Apparently, SlA's changed its mind and is thinking of58 words
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OPINIONS
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Article329 1990-08-04 20 Wee Han Kim - LETTER TO THE EDITOR Wee Han Kim I REFER to the government's response to public disquiet over the use of earphones reported in The Straits Times (July 19) under the headline, "9 demerit points for careless driving". Careless driving is when a driver is not in329 words
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Article, Illustration1140 1990-08-04 20 David Gabriel - David Gabriel tells why he is not in favour of the weekend car scheme David Gabriel David Gabriel is a senior correspondent with BTs economics and political desk THE MOTOR CAR is a wonderful machine. Its invention has changed the way we live dramatically.1,140 words
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Article, Illustration838 1990-08-04 20 Asad Latif - What part should the state play in the national economy? Asad Latif analyses some answers suggested in the just-published South Commission report. Asad Latif THE ROLE of the state in economic development has taken on special significance in light of contemporary developments in the838 words
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Article666 1990-08-04 20 THE Persian Gulf area is scorching hot, with few people out in the street during the day. An incident has occurred that seemed to blow away this heat. Iraqi troops invadeid Kuwait and have taken control of the entire country, including the capital. As666 words
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PURSUITS
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Article, Illustration659 1990-08-04 21 Ringo Liew - CD REVIEW By Ringo Liew ENERGY CHARD—Energy Orchard Being an Irish band these days has its disadvantages as comparisons are invariably drawn with U2. But judging from its debut release, Energy Orchard a London-based group of six transplanted Belfast boys doesn't seem to be suffering fromPunch - 659 words
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Article, Illustration501 1990-08-04 21 Richard Cook - By Richard Cook Punch Anita baker fans await her albums the way prisoners-of-war look forward to Red Cross parcels. Soul food has always been a scarce commodity; and by soul I mean the hard-core stuff the music critics wail about when they're sick of dance music. "What isPunch - 501 words
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EPICURE
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Article669 1990-08-04 22 Quek Swee Peng - Quek Swee Peng samples Gordon Grill's executive special Quek Swee Peng THE ROOM was as intimate as I remembered it. Warm shades of peach and brown blended in with the richness of the dark green velvet drapes tied on either side to reveal glimpses of branches669 words
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LIFESTYLE 1
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Article, Illustration926 1990-08-04 23 Simon Hinde - An automatic rack that arranges your neck-ties, the umbrella whose handle lights up, the ultrasonic dog repeller Simon Hinde, reporting from London, takes a look at some of the product ideas you never knew you needed Simon Hinde FTFT - 926 words
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860 1990-08-04 23 N K Yong - WINE By N K Yong SPATLESE in German wine lingo literally means "latepicked", ie, the wine is made from very ripe grapes. They are sweeter, more full-bodied and more alcoholic than Kabinett wines which are one level lower in the QMP (quality with certificate)860 words
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Article, Illustration417 1990-08-04 23 Sybil Holloway - BRIDGE By Sybil Holloway FOR THE NEXT 10 days the participants from twelve member countries of the Far East Bridge Federation will do battle for first place in the 1990 Far East Bridge Championships which are being hosted by the Singapore Contract Bridge Association at the417 words
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Article, Illustration724 1990-08-04 24 Samuel Ee - Samuel Ee finds a big car with bigger value in the Rover two-litre Samuel Ee A YOUNG MAN stares pensively out of the window at his car. Then, with seemingly firm resolve, he snatches the keys and runs out of the room. Jumping into724 words
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Article, Illustration451 1990-08-04 24 Samuel Ee - Samuel Ee now knows just what Rambo would do at Changi Airport Samuel Ee THERE IS something to be said for Die Hard 2. but it is difficult to remember what it is. In between recurring shots of bullet-riddled people and falling snow, you get the451 words
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Article, Illustration556 1990-08-04 24 Cassandra How - Cassandra How meets a jolly swagman from Down Under Cassandra How ONCE upon a time, there lived a jolly swagman named Bluey who lived in the outback with only his Waltzing Matilda as his constant companion. If he was lucky to chance on the hollow556 words
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Article, Illustration475 1990-08-04 24 Jaime Lye - Jaime Lye has some queries for the Lord of the Flies Jaime Lye THERE'S one question I've always wanted to ask of film-makers who do movies about people stranded on remote islands sans basic amenities like a fridge, microwave and a475 words
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SPORTS
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Article, Illustration888 1990-08-04 25 AP GOLF as the crow flies does precious little to stir the soul and it saves wear and tear on the nerves. Which might explain how Nick Faldo reached the pinnacle of the game with a pulse rate some people would guess was less than zero.AP - 888 words
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586 1990-08-04 25 Cassandra How - Golf is not for the faint-hearted, warns Cassandra How Cassandra How SO, you want to learn to play golf. Don't be deceived by the simple swing or how easy it is to sink the tiny ball from two feet into a hole586 words
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SIDE LINES
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79 1990-08-04 25 PROMOTERS ASM announced yesterday that the 1991 Festival of Tennis comprising both the DHL Women's Open and the Epson Super Tennis will be played back to back for the first time. The former, with a prize money of US$ 150,000 is scheduled79 words
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Article67 1990-08-04 25 AMERICAN Becky Hart won her second straight endurance championship at the World Equestrian Games in Stockholm on a 12-year-old horse she got for free when she bought another horse. Hart, on the Arabian gelding Grand Sultan, arrived in Olympic stadium after a 12-hour ride over67 words
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Article82 1990-08-04 25 THE AUSTRALIAN cricket team will go ahead with its proposed tour of the West Indies early next year, despite political unrest in the region. Australia's itinerary for the three-month tour includes four matches in the Trinidad capital of Port-of-Spain. Australia is scheduled to play82 words
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Article108 1990-08-04 25 A NEW GENERATION of athletes have come forward to dominate the International Amateur Athletics Federation grand prix rankings after 14 meetings in the 1990 season. No previous winners appear in the top eight of the men's or women's rankings. Said Aouita, the Moroccan middle distance genius,108 words
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Article49 1990-08-04 25 THE AUSTRALIAN ECONOMY would be boosted by US$ll.3 billion if Melbourne hosted the 1996 Olympic Games, a report said. Melbourne is campaigning against Athens, Toronto, Atlanta, Manchester and Belgrade. The host city will be decided by the International Olympic Committee in Tokyo on Sep 18.49 words
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Article74 1990-08-04 25 FRANZ BECKENBAUER has been deluged with job offers since coaching West Germany to victory in the 1990 World Cup soccer tournament, but the former coach says the price of fame has its down side. He said he's had to heed his newfound stardom and watch74 words
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Article47 1990-08-04 25 OUTSPOKEN CHELSEA chairman Ken Bates told the English Football Association on Wednesday to keep out of the debate on the size of the First Division. Bates wants the English top flight to be increased from 20 clubs to 22 for the 1991-92 season.47 words
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Article50 1990-08-04 25 THE FLORIDA Athletic Commission is investigating the management team for Olympic silver medalist Roy Jones Jr in connection with an impostor Jones knocked out on July 14. State Attorney Curtis Golden has filed fraud charges against the manager for Anthony Waddles, the bogus boxer, and a matchmaker.50 words
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585 1990-08-04 25 Jerome Fandor - ON TRACK By Jerome Fandor THE FEATURE race this weekend is Sunday's $100,000 Adelaide Casino Sprint Classic. Queen Elizabeth II Cup hero Danzadancer is the topweight for the race but he cannot be considered a serious contender in this 1200 m sprint.585 words
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Article, Illustration411 1990-08-04 25 AP ITS BEEN nearly three years since a plane crash wiped out the soccer team of 17-time Peruvian league champion Alianza Lima, and a current team member says the club still hasn't recovered completely. "This tragedy was very difficult for the whole country, butAP; Punch - 411 words
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JOBS
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Article, Illustration790 1990-08-04 26 Martin Soong - By Martin Soong JAPANESE personnel managers are getting increasingly intolerant of senior government bureaucrats parachuting into high private-sector positions, and corporate Japan's practice of family hegemony over companies. According to a Nihon Keizai Shimbun survey of personnel managers at 30 major Japanese corporations, the790 words
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201 1990-08-04 26 ITS A tough life for Japanese university students looking for jobs. A typical recruitment session usually starts out with a nice French meal, a little bit of social tennis later, topped off by a few songs and some drinks in a201 words
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637 1990-08-04 26 Martin Soong - Burning the midnight oil even at the top By Martin Soong THE Japanese are notoriously seen as a nation of workaholics, people for whom the hard-work ethic is the rule by which they live their lives. While all struggle, many labour in vain. But not Akira Nagashima, the Bank of637 words
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Article313 1990-08-04 26 SMALL, independent Japanese companies are losing out in what is becoming an all-out war to recruit fresh graduates in the country's increasingly tight labour market. Japan's Foundation for Promoting the Welfare of Independent Enterprises says many of the 350,000 small businesses affiliated with the group313 words
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Article, Illustration245 1990-08-04 26 Frank Y C Yung has been appointed executive chairman of DTS Marketing Pte Ltd. Mr Yung formerly held several prominent appointments in both the public and private sectors. Dr Frederick Alan Catterall has been appointed managing director of Glaxochem (Pte) Ltd and Glaxochem Development Pte Ltd. He245 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration623 1990-08-04 27 Impact of the Iraqi invasion of Kuwait on woid markets US DOLLAR buying exploded on news of the Iraqi invasion of Kuwait, with investors seeking the shelter of the "safe haven" currency, but there are doubts as to whether it is aCharts by TeleTrac - 623 words
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612 1990-08-04 27 John Ruddy - So you want to protect your assets. What features of a trust must you look for, and where should it be based? John Ruddy gives some advice John Ruddy The writer is the managing director of Standard Chartered International Trustee Ltd (Jersey612 words
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Article535 1990-08-04 27 NYT THE US DOLLAR rose, gold prices jumped and most of the world's stock markets fell as the news of Iraq's invasion of Kuwait spread around the world. From Tokyo to New York, investors fled on Thursday to the safe havens of the US dollarNYT - 535 words
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762 1990-08-04 27 Magdalene Ng - Magdalene Ng looks at Superior Mtal Printing, which is seeking a listing on £sdaq Magdalene Ng THE NEW share issue by Superior Metal Printing (SMP), would provide an ideal slagging opportunity if the company had sought a listing on Singapore's mainboard instead of Sesdaq.762 words
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Article545 1990-08-04 27 xta&asasssssR mm Mooaomomr Utom K J!»yvS» j mm Hi if ,w """'iitiifi IWtThI SiiisiviSfr'S* BHj mm. Wm 8!l6FB QXjI H Liwtk f i.i. Utt.. 1 |§p.; (m twite) i wag 4M|M mm m S3 E2 wm nSI 9 Bi u 9 HE IBS J: MR ctcm545 words
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DON'T QUOTE ME!
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Article144 1990-08-04 27 RAFFLES PLACE, Singapore's business hub, reacts fast in a crisis at least in black humour. Hours after Iraq invaded Kuwait, a number of jokes were going around stockbrokers' offices. Here are a few of them: Q: What is the new name of the Kuwait Investment144 words
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Article195 1990-08-04 27 JUDGING BY the reaction of Hongkong's Trade Development Council chief Jack So, the topic of foreign passports is not something one brings up in polite company. Mr So wis one of six panel speakers from Hongkong at an invest-in-Hongkong seminar held on Thursday. Reassuring195 words
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Article, Illustration934 1990-08-04 28 Norbert Walter - While the Gcrm|n ;tp chalk up the 7 two skies of this^!iisiency Norbert Walter MM HE foreign a* change markets are di#OTW emren^Stsincere eeowomit mooMtiy iUsjftfcad irt the EurapeAl k K®IC rvaccninyn iribroductidn of in East dfenaay giJf no indEt&SSft^ into question as a result in fatuae.934 words
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721 1990-08-04 28 Alan Street - TAKING By Alan Street Prof Street is with the Nanyang Technological Institute. This article was contributed by the Life Insurance Association of Singapore APART from the 11 companies which transact life insurance in Singapore, there is another important institution which accepts life721 words
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424 1990-08-04 28 REAL ESTATE development companies seeking listings on the Securities Exchange of Thailand (SET) still have bright prospects at least for the next three years, The Nation reported last week. But the six firms already listed are dangerously over-valued, with price-to-earnings ratios424 words
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Article438 1990-08-04 28 Reuter THE OSLO BOURSE, one of the world's top-performing exchanges last year, has surged to new highs and many dealers expect that a relatively strong Norwegian economy and higher prices for North Sea oil will mean further gains. The all-share index closed at a thirdReuter - 438 words
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THE TRAVEL PAGE
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Article1028 1990-08-04 29 c*y n&t CTO Ft* ETP AdataWa SQ226 2035 I I QF81 2005 Ulrtiriiw SQ23 1350 KL838 2115 KL837 1430 SQ24 2200 kutUrnd TE25 1610 TE28 1730 SQ338 1925 BA12 2200 ■■laria QF5 2230 hrivM B1421 1100 SQ182 0915 •mm SQ181 1410 BJ422 1205 BI429 2030 BI4301,028 words
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Article, Illustration580 1990-08-04 29 LETTER FROM MUNICH Despite the rapid development of this "magnetic" metropolis of southern Germany, Munich has, remarkably, remained an attractive and pleasant city. However, for decades, the capital of Bavaria was in a different time zone from those of Frankfurt, Stuttgart, Dusseldorf and Hamburg. That,580 words
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Article152 1990-08-04 29 As at 3pm yesterday: Local Mim to oae mil of (uieifa currency Currencies Bid Offer Australian dollar 1.4130 1.43S0 Canadian dollar 1.5560 1.3760 NZ dollar 1.0380 1.0880 Sterling pound 3.330 3.360 US dollar 1.8030 1.8130 Local Man to 100 Mitt ft fcfrif UilUC) Austrian schilling 13.70 16.70152 words
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Article58 1990-08-04 29 Duration Title Venue Organiser Td Duration Title Venue Organiser Tel Sep 7-17 International Switzerland Sdiweoer Muster 61/6*6.20.20 Sep 15-18 International Pans Semaine 1/*****569 Fair Mustermesx Leather Week Internationale Du Cuir Sep 10-16 International Spain Foire 3/423.31.01 Sep 15-20 International Germany Munchener 89/***** TV, Sound and De Barodone58 words
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TIME OFF
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Article144 1990-08-04 30 British Film Festival '90 Organised by the British Council and the Singapore Film Society. The films will be shown today and tomorrow. Venue: RELC Auditorium, 30 Orange Grove Road. Saturday Time: 6.30pm (Distant Voices, Stilt Lives), 8.30pm (Zina). Sunday Time: 6.30pm (Dead of Night), 8.30pm (Aria) SSO Family Concert144 words
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Article, Illustration376 1990-08-04 30 K Jayanti - Compiled by K Jayanti Art ft Sculpture Exhibition An exhibition of over 200 distinct sculptures will be on display. These three-dimen-sional works of art are from a collection represented by museum treasures, renowned sculptors, as well dynamic contemporary artists, such as Gusella, Albrecht Durer and August Rodin etc. It376 words
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Article, Illustration521 1990-08-04 30 Bay an 4 Cell. When a few cons start buying stock behind bars, the result is a verbal-slapstick comedy. Orchard 11; 1.30; 4; 6.45; 9.15. Cadillac Mm. The question is, can Robin Williams charm the movie audiences as much with a moustache as he does without? Tim Robbins also521 words
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Page 19 Advertisements
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Advertisement122 1990-08-04 19 ansa 4v I f I /J "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." JSvV a-;* w i I jqu OMEGA. The watch that records the world's significant moments. At the Olympic Games. In outer space.122 words
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Page 20 Miscellaneous
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Miscellaneous37 1990-08-04 20 POONESBURY BY GARRY TRUDEAU DO YOU, B.PJAKB HOLPIT. ANEN6A&- OFCDURSBI w\ YEAH. *MLP JUSTAUTTLa tVC ACWmMEWP BOOTS* INBVtK M&fTRJN&OH, H&,FWR£,AW BIIVSRJNG te TkßN' TOHAVBANPTO GOTIOUAH RP..VOUDON7 JEH&JVSJOR& SHACK.'ITS OF&BMLJAR d&eviormriL... engagc- i N£Arhb*£? acfossthz Stmubw 57H5577 amo^37 words
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Page 21 Advertisements
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Advertisement63 1990-08-04 21 ITS GOT TO BE GORDON'S L *r ®T i, i!, i .».»"mH« Miyyfyjy*"" I I H cum tinMaw^yiiiHsiiutii B1 lnSj| GORDOKS «fe»~ l ENGLAND i»is2&ufc&J .-^r^tfy jHK|i K!■"—■** g&HMpVX «v V* II Dlf TILLCD IN LONDON. B lag Hfciij v ■Rj? r*. jto R f i > ,W -J I63 words
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Page 22 Advertisements
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Advertisement198 1990-08-04 22 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot I I Wmmm Spicv Szechuan dishes served at lunch and dinner dailv in the cool, inviting atmosphere of Szechuan Court. Reservation, ItSO 8310 or 338 8585ext *****/6. ————§S£2 "~^j| WESTIN198 words
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Advertisement300 1990-08-04 22 Happy 25th ALL OUTLETS Vanda Cocktail $9.50" PETFS PLACE 25th Aimlvnory Cak® lkg $28.00*, I.skg $42.00* 25th Annlvonary Pizza 25 IngrecMenfs $13.90** PLUM'S Singapore Dinner Buffet August Ist-12th only Adult $24.00** Child 16.00" Singaporean High fea 10-12 Scotts Road Singapore 0922 Tel *****88 J »Of (THE DAY IS TOURS «JR300 words
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Advertisement218 1990-08-04 22 9 ?*CS- .9k^-,ulW 01u iL^. on Sundays at Club 5 Enjoy your beautiful Sundays in Club 5 while Classics' entertains with their repertoire of old favourites and romantic oV 4 j t pK>^B dub") fiaKtimnfitiiT'iiwcl I E under the stars Our deejay will spin numbers to suit all ages and218 words
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Advertisement227 1990-08-04 22 t KH Say cheese to— < SWISS I Z The Swiss have such wonderful ways with cheese. Savour them and more at The Belvedere's Swiss Buffet this month p, SWISS BUFFET LUNCH 4 P August L 31, Noon 2.30 pm Adult: $36++, Child below 10: $18++ 4 Vfc|(#EAKworid«oyouat (3& M*6adrK227 words
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Page 22 Miscellaneous
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Page 23 Advertisements
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Advertisement199 1990-08-04 23 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY BRUNCH: UAM TO 2.30PM. g/m IhT jflr ADULTS $3i.00+ i|f flp i j JB9p WJST CHILDREN nVBSKW $19.00♦ Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both199 words
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Advertisement156 1990-08-04 23 Tn/Ml/ A Restaurant and I KUIIV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE 25th Anniversary Promotional Menu at $35.00++ with a complimentary FESTIVAL COCKTAIL. Ist to 10th August 1990 A La Carte as usual Restaurant Hours Lunch Karaoke Hours Mondays to Saturdays Daily 1130 am to 2.30pm 6.30pm to 100156 words
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Page 26 Advertisements
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Advertisement509 1990-08-04 26 GPP GP Batteries International limited, a leading Group in the development, manufacture, distribution and trading of battery related products, is recently granted the Operational Headquarters (OHQ) status by the Singapore Economic Development Board. We are the regional headquarters as well as the holding company of the Battery Division of the509 words
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Advertisement104 1990-08-04 26 DRAKE EXECUTIVE A major dynamic international financial services company establishing its regional headquarters in Singapore invites applications for the following positions: General Manager FA Executive Operations Officer The successful candidates should be: Female, Singaporean University graduates with a major in Accounting, Finance or Business Administration Willing to travel Experienced in104 words
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Advertisement214 1990-08-04 26 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 ments since we started business of labour, Indochina has been and Myanmar. in Vietnam." said the Managing seen by foreign214 words
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Page 28 Advertisements
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Advertisement161 1990-08-04 28 RANCH HT 4 >%."> 3 V IfpimMm i isf-t-• f, > ««i«i ONE OR NORE OF -.V. MORE .jMp J^rEMS ..•>.' letter More Prim Wur Grand Lucky Draw %taM»>afa <* Otadxo, VSOP --f ••/gsss^ p^&' 00H,d v f|| f Y0& I£m»' W Ini2!l>4- rl l»tt 1 7l*Z£r** P«JL. L>l4 "1161 words
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Page 29 Advertisements
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Advertisement31 1990-08-04 29 J-z pcrM»n > vhnu'i ever*. luoJiv. v 7 W ~"W" I hur hl.v. ViturJ.n iv. Il iv n.; < h.in^i NEW YORK A IS i; •> I.!! < M V i:! H All: Air Canada31 words
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Advertisement149 1990-08-04 29 Executive Style STYLE The executives want it. It makes a statement. It sets them apart from the mainstream. It gives them that added edge In a world where impressions, like it or not, do last. You, as the purveyors of style, should know what we mean and we invite you149 words
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Page 29 Miscellaneous
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Miscellaneous200 1990-08-04 29 13 Leave France "HZZBJZZMi^J(—3HZL 15 Irene, disheartened, in a j have whatever available LmJ-—LmJ of emergency lighting 28 Call to mind girl who is all 9 Turn pale with certain de- 26 Over the side (4) right at heart (5) light 8) 1 29 Got carried away (4) 14 Very200 words
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Miscellaneous200 1990-08-04 29 Singapore Report (Thur) Max temp 28.5"C Assoc humidity 77% Mintemp. 24.3 Assoc humidity 100% Hrs of sunshine. 0.00 Rainfall in mm 20.4 Rainfall this mth 20.4 Rainy days this mth I World forecast Asia-Pacific Hi/Lo* Good. Auckland 13/05 Rain Bangkok 35/27 Showers Beijing 34/26 Hot Brunei 33/25 Showers Hongkong 33/26200 words
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Miscellaneous34 1990-08-04 29 :iIkiAI.M;gH9gBIBI rtrnepus uiecSTN Cor^. crJ e f l S rc l *J') OMER 06PC faces Hwnyffl VcH*p2!!L!l_J V80PV..... OR£JH»NG POtoss top -VV W Twe KtdH WHTH J i \3» A VCLUS Rpg^FFS)^x -zM~^s^,csos^' ei»o34 words
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Page 30 Miscellaneous
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Miscellaneous1537 1990-08-04 30 TODAY'S TV IMS cm*(ML HBUaSIiISiHHI w I#Jt tv p»i^« a ;:*11.00 DnimIASIW Cflri Fiom the South, 2pm, TVI The Ginger Tree, Bpm, SBC 12 JJ-JJ JSjJJi$" Uul More teenybopper romantic Bookvisions kicks off 12.15 PM Tlw SOk Aae4 The mush a la Pretty in Pink as new four-part series about1,537 words
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Miscellaneous661 1990-08-04 30 MOVIES ON TV jiiilfliß i a lOnm the son of Zeus, sent down •■•wtvtWw mwp a A W WvVWI i SgU 12 from the heavens to retrieve his old man's magic cutlery, When a playboy dccides to h jk lightning bolts, finally mucking r<rmgno dumb and 2d hitched, it isn661 words
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