The Business Times, 25 August 1990
1990-08-25
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The Business Times
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Title Section11 1990-08-25 1 Business Times MCI (P) 170/12/89 Weekend Edition, August 25-26 1990 75*11 words
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NEWS & MARKETS SUMMARY
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Article43 1990-08-25 1 US STOCK prices turned upward yesterday in what analysts described as a technical rebound from the market's free-fall slide of the past several weeks. The Dow Jones average of 30 industrials climbed 27.22 to 2,510.64 in the first hour of trading.43 words
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Article49 1990-08-25 1 AN APPARENT lull in Middle East tensions and moderate bargain-hunting helped the London stock exchange recover some of its recent losses yesterday morning. The Footsie 100 share index was up 18.1 at noon from Thursday's close at 2,093.1 and the narrower FT--30 index added 17.4 to 1,621.6.49 words
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76 1990-08-25 1 PRESIDENT Roh Tae-woo says South Korea is ready to discuss all North Korean initiatives aimed at creating momentum for national unification, and he expects progress within five years, a report said yesterday. Mr Roh told the national Chosun Ilbo newspaper he hopes the upcoming76 words
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Article30 1990-08-25 1 FIND strength in numbers, Minister of State for Trade and Industry Mah Bow Tan yesterday told a forum for entrepreneurs keen on upgrading their productivity Page 230 words
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Article40 1990-08-25 1 THE FATE of the right issues proposed by five publicly-listed companies may be heading in the same direction as that of the numerous new share offers which have to be delayed until market conditions stabilise. Page 340 words
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Article, Illustration29 1990-08-25 1 Friday Change BT-MGA 600.38 +14.44 Kuala Lumpur ....489.63 +8.88 Hongkong 2,918.01 +46.6 Tokyo 24,165.76 +428.13 Sydney 1466.9 -26.5 Thursday Change New York 2483.42 -76.73 London 2075.0 -29.829 words
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Article20 1990-08-25 1 Exdmm rates USS SS 1.7760 Yen SSI-2I98 MS SS0.6590 Moojy rates Overnight 6 13/16% +5/16 3-month 6 13/16% +1/1620 words
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Article35 1990-08-25 1 London Gold PM fix US$410.30 -US$2.10 S'poJc Sep.... 168.50*/kg +2.25 M'sia Sep M248.00'/kg +2.50 KL Tin Turnover 66 tonnes +4 Spot M$l5.70/kg unch Crado Mhn oH Turnover 779 lots +200 Sept M$675 /tonne -535 words
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330 1990-08-25 1 Conrad Raj - By Conrad Raj THE National Bank of Kuwait, including its Singapore branch, has started to sell some of its assets, mainly loans and securities, to enable it to continue operating normally. Mr RJ McKegney, the general manager of the Singapore branch, confirmed this with330 words
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353 1990-08-25 1 Yong Pow Ang - By Yong Pow Ang THE SINGAPORE government yesterday imposed comprehensive economic sanctions against Iraq and occupied Kuwait. The sanctions include an embargo on trade, and bans on transfers of assets and on Iraqi ships calling at Singapore ports. A Foreign Affairs Ministry statement yesterday said the353 words
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Article122 1990-08-25 1 COMMENTING yesterday on the Gulf crisis and the economic sanctions against Iraq, the Singapore Manufacturers 4 Association said the government should consider underwriting political risks for Singapore's exporters. Export credit insurance against political risk for larger sums and longer terms is hard to find in Singapore,122 words
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183 1990-08-25 1 ALL FINANCIAL institutions must now get the Monetary Authority of Singapore's approval for any transaction involving Kuwaiti or Iraqi parties. In two directives yesterday to Singapore's financial institutions, the MAS spelt out the details of the prohibition on financial dealings with Iraq and183 words
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331 1990-08-25 1 Lilian Ang - By Lilian Ang JUST AS motorists are beginning to accept the hefty pump price increases imposed about a week ago, they are likely to face a second round of even steeper price rises early next week. Shell, Esso and Caltex yesterday raised their331 words
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164 1990-08-25 1 FOLLOWING TOKYO'S lead and the absence of fresh developments in the Gulf, share prices rose on most of the regional stockmarkets yesterday. The Nikkei index closed the day 428.13 points higher at 24,165.76 after slumping 1,473.28 on Thursday. Volume reached 550 million shares, its164 words
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Article, Illustration324 1990-08-25 1 The Gulf Crisis WESTERN diplomats in Kuwait faced coitions of Iraqi soldiers yesterday as they defied Baghdad's order to vacate their embassies, while tens of thousands of Iraqis were reportedly fleeing Baghdad, fearing an attack by Western forces. In the US, the LosPunch - 324 words
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Page 1 Advertisements
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Advertisement114 1990-08-25 1 Nikon TtwWbrtd*»RnMt Photographic Syatom. COVER Kiasu— BKfCggaMi everything ME§i=® also he want Aircraft Schedule EL 11 Commodities 15 Company News 4 Cryptic Crossword EL 11 Executive Jobs EL 10 Futures I Options 14 Interim* For* Rates 14 Home News 2 KLSE 10 Money Chanter Rates El 11 Money M*ket 14114 words
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Advertisement14 1990-08-25 1 OPINIONS 111 the mould of megalomaniacs. EL 2 Settling the Spratlys spat EL 214 words
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Advertisement114 1990-08-25 1 LIFESTYLE "JMWMf Paintings which deceive the eye. EL SIA and other airlines bypass Dubai, back page Shipping lines stop delivery, back page Jakarta to raise output to full quota, back page Proposed rights issues in limbo, Pg 3 Bush to assess damage done to budget, Pg 7 Egypt banking on114 words
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Advertisement15 1990-08-25 1 SPORTS The David Copperfield of gott. EL 7 Capriati draws a tough match. EL 715 words
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Advertisement19 1990-08-25 1 Mian FINANCE No sign of that silver lining. EL 8 Rising oil prices will sustain pood's uptrend. EL 919 words
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Advertisement18 1990-08-25 1 jobs jktro chiefs writer 9 iteh. EL 1# If*t rmrtminm fgg New York's legal 1 eagles. EL 1018 words
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HOME NEWS
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NEWS ROUNDUP
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80 1990-08-25 2 MORE younger Singaporeans are coming forward to help the disadvantaged in society, said Dr Seet Ai Mee, Minister of State for Community, Development and Education at the opening of the basic course for trainee volunteer probation officers. This year's intake of 105 trainees 6180 words
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Article92 1990-08-25 2 THE REGISTRY of Vehicles has revised its fees for sixmonthly and yearly vehicle entry permits (VEP) for Malaysian registered cars. The rates are payable by owners who have used up the 90-day free entry and stay allowed by the R'OV. From yesterday, a fee of92 words
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Article90 1990-08-25 2 SUN-DAC, a day activity centre for the disabled, will officially open its doors in Bedok today. It is the first to be located at a HDB estate. The centre is jointly launched by the Singapore Council of Social Services and Coopers and Lybrands Associates. The90 words
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Article83 1990-08-25 2 TO HELP local food manufacturers improve their packaging capabilities, the Japan External Trade Organisaion is sponsoring the visit of two Japanese experts. Mr Munehiro Murota and Mr Kazuaki Ohira will speak at a seminar on the trends and structure of food packaging and labelling, and the use83 words
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Article87 1990-08-25 2 THE VICTORIA Junior College choir has been unanimously voted the winner of the prestigious Guinness Stout Award for putting Singapore on the world's cultural map. Next week the choir will be presented with a certificate of recognition, an engraved pewter goblet, a cheque for $1,000 and87 words
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Article, Illustration322 1990-08-25 2 Small companies can form intra-industry alliances FIND STRENGTH in numbers, Minister of State for Trade and Industry Mah Bow Tan yesterday told a forum for entrepreneurs keen on upgrading their productivity. Mr Mah said numbers can be found in intra-industry alliances which will help small322 words
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Article, Illustration135 1990-08-25 2 MODELS of scholarship and good character. That's what winners of the prestigious President's Scholarship are, said President Wee Kim Wee last night. Previous scholars have set a precedent by doing well in their careers and community service. "I'm confident that this year's President's Scholars135 words
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100 1990-08-25 2 ALL CUSTOMS declarations will be processed electronically by the end of the year. As a First step, manual processing of declarations by the customs air cargo section at the Changi Air Cargo Complex will cease from September. The Customs and Excise Department introduced the100 words
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187 1990-08-25 2 Claire Leow - By Claire Leow LOCAL computer firm Cognitive Design Systems (CDS), which recently set np a company in Malaysia, is to go into a joint-venture with Cy-prus-based Cycom Computer Products next January. The joint venture, Cycom Asia Padfic, will serve as a regional187 words
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SHIPS IN PORT
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Article372 1990-08-25 2 fewl lb Birth kiM Deprive ¥t«M Way Hi Birth Rubral Pepariirt ImgPwt ELL S*" IS &SS 1 S5S £3S STS. !m CM mm %***> J' 2 a»|j» Tram Star 0138 C09 alongs* 2408/1700 J*» fata Angkasa 37/90 R31 24.08/1500 26.08/0600 J** J i 5 2/?5S Mai 20W8372 words
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Article1117 1990-08-25 2 KECBVW6 OF EXPORT Fa CONTMHERS AMP LCI CAKCO Darnul P.M. ntcora Dooimt Moncc KSB SHp Voy No Poriod Fran To From P of DbcBaJ Space Adam Mete 33W 1 24/1500 24/1669 24/1900 4 25/1200 25/1459 25/1700 Aka Bhum 55S 1 24/1500 24/1659 24/1900 3 25/0700 25/1159 25/1400 41,117 words
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Article243 1990-08-25 2 Pert King I South Port on Aug 24: Alam Tabah berth 3; Hong Soon berth 4; Sinar Intan berth 6: Muba Hayu berth 7; Seng Leong berth 7A. KCT: Anro Melbourne berth 8; Saudi Tabuk berth 9; Acx Rose berth 10; Maersk Farco berth 10. J North243 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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777 1990-08-25 3 Magdalene Ng - By Magdalene Ng THE RIGHTS issues that have been proposed by five publicly-listed companies may have to suffer the same fate as numerous new share offers, and be forced to sit out the Gulf crisis and the uncertain market conditions. Of the six777 words
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314 1990-08-25 3 William Chia - By William Chia LOCAL food and beverage manufacturer Yeo Hiap Seng posted a 12.2 per cent increase in earnings to $5.53 million for the six months ended June 30, 1990. But this increase came more from minority interests contribution. It amounted to314 words
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503 1990-08-25 3 John Tan - By John Tan BOUSTEADCO Singapore (Bco), which is moving away from its less profitable distribution business to manufacturing activities, has set up a Msl million joint-venture company in Malaysia to produce hydraulic couplings and adaptors. In the same announcement,503 words
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Article314 1990-08-25 3 Bernama THE YAOHAN Kota Kinabalu, the biggest department store in Sabah which started business recently, expects an annual turnover of Msso million. Yaohan International group chairman, Mr Kazuo Wada, told a press conference yesterday that the projection was based on the good response by the publicBernama - 314 words
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301 1990-08-25 3 Yong Pow Ang - By Yong Pow Ang HTP HOLDINGS, part of the JC-MPH group, has built up a war chest and is, says company chairman Jack Chia, on the lookout for investments in familiar areas of business. These include consumer products, pharmaceuticals, property development, book selling301 words
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COMPANY BRIEFS
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39 1990-08-25 3 MR FRANK Y C Yung has been appointed as a director of Hotel Marco Polo Ltd, while Miss Koh Kum Loon is now a director of Insurance Corporation of Singapore Ltd.39 words
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Article42 1990-08-25 3 DBS SECURITIES Holdings Pte Ltd, a wholly-owned subsidiary of DBS Bank, has increased its issued and paid-up capital from $33.5 million to $36.3 million with the issue of an additional $2.8 million ordinary shares of $1 each.42 words
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Article96 1990-08-25 3 MATERIAL Handling Engineering Ltd said yesterday that the reported growth in its sales turnover represents its management's targeted average growth for the group over the next five years. This target was arrived at after "considering the findings of a survey conducted by the Singapore Industrial Automation96 words
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Article129 1990-08-25 3 AMBANG JAYA Sdn Bhd, the wholly owned subsidiary of Amalgamated Steel Mills Bhd which is making a bid to take over Chocolate Products (Malaysia) Bhd, now owns 35.899 million shares or 40.20 per cent of the issued capital of the latter, in a statement yesterday, Ambang129 words
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Article115 1990-08-25 3 CARLSBERG Brewery Malaysia Bhd has recorded a 33.1 per cent rise in group operating pre-tax profit to M 527.98 million for the six months ended June 30, 1990 from M 521.02 million in the same period last year. Group turnover increased 21.4 per cent to M115 words
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Article95 1990-08-25 3 PANGLOBAL Equities Berhad has invested M 56.5 million in a multi-phase programme to upgrade its textile operation in Penang, managing director Mr Mak Kok said yesterday. He told reporters after the company's extraordinary general meeting in Kuala Lumpur that the exercise involved updating machineries at the95 words
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Page 3 Advertisements
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Advertisement89 1990-08-25 3 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS m 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 edge. Plus an occasional look89 words
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COMPANY NEWS
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COMPANY BRIEFS
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85 1990-08-25 4 JAPANESE BEVERAGES GROUP Suntory bought a further 2 per cent stake in British food group Allied Lyons on Thursday for £85 million, increasing its total holding to almost 5 per cent, Allied Lyons announced on Thursday. Suntory bought about 19 million ordinary shares at85 words
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Article132 1990-08-25 4 JAPAN'S TWO BIGGEST car makers yesterday announced increased production in July, but while exports by Toyota Motor Corp also rose during the month, exports by Nissan Motor Co fell for the 11th month in a row. Toyota said its worldwide output climbed 19.4 per cent132 words
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Article83 1990-08-25 4 JAPANESE TRADING FIRM C Itoh and Co Ltd has won a 2.3 billion yen order from state-owned Slovnaft State Enterprise of Czechoslovakia to build a plant to produce iso-paraffin. Iso-parafTin is used to make unleaded high-oc-tane gasoline. C Itoh, in cooperation with a Japanese nitrogen83 words
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Article114 1990-08-25 4 MOBIL CORP will restructure operations of its 16 European marketing and refining affiliates to take advantage of the opportunities associated with a single Euorpean market in 1992. Europe-wide responsibility for selected business operations will be centralised in the new Mobil Europe Centre of Operations in114 words
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Article98 1990-08-25 4 ANGLO AMERICAN Industrial Corporation (AMIC), an associate company of Anglo and De Beers, has posted an unexpectedly sharp drop in interim earnings, latest figures show. Earnings a share for the first six months of 1990 plunged 19.6 per cent to 174 US cents. The interim dividend98 words
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Article115 1990-08-25 4 AUSTRALIA'S OTC International Ltd (OTCI) has agreed ta invest about AsBo million to improve Vietnam's international telecommunications system over the next 10 years. Pavid Wicks, Asia Network Manager of Australia's staterun Overseas Telecommunications Commission, said the contract had been signed with Vietnam's Directorate General of Posts115 words
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Article87 1990-08-25 4 SWEDISH WHITE GOODS maker AB Electrolux said it would divest non-competitive units and cut back 15,000 staff as part of a major restructuring programme to tackle falling profits. The company made the announcement as it reported first half profits fell to 1.01 billion crowns after net87 words
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Article, Illustration414 1990-08-25 4 Plan for privatisation of electricity sector may be affected AFP BRITISH conglomerate Hanson on Thursday put an end to talks with the government on a possible Hanson purchase of nationalised electricity producer Power Gen, potentially endangering the whole plan for privatisation of theAFP - 414 words
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459 1990-08-25 4 Reuter AT ITS FINAL annual shareholders' meeting as an independent company, Nixdorf Computer AG said the improvement in results seen in the first half of 1990 should continue. In an interim statement, Nixdorf said its first-half loss represented the first considerable improvement in resultsReuter - 459 words
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143 1990-08-25 4 AP SONY CORP announced an increase in sales and income during the first quarter of fiscal 1990, which ended on June 30. It posted net sales in the first three months of fiscal 1990 of US$5.5 billion, up 47.1 per cent from aAP - 143 words
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267 1990-08-25 4 Castle Cooke likely to sell Dole Food soon Reuter CASTLE COOKE Inc is more likely to sell its Dole Food Co unit soon than to revive a plan to spin it off, analysts say. "1 regard the spinoff as the company's backup plan, and I do believe their primary planReuter - 267 words
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335 1990-08-25 4 TONY WONG Chun-loong, who regained his controlling stake in Jademan this week, must distance himself from Jademan's management unless he receives approval from securities authorities and the Court of Appeals, according to the South China Morning Post. The restriction is part of an335 words
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Article, Illustration451 1990-08-25 4 AFP A NUMBER of Australia's corporate high-fliers are reportedly circling the newspaper empire of the John Fairfax Group, which was in turmoil again yesterday following the late-night resignations of three of its directors. According to the group's own newspapers, the latest upheavalAFP - 451 words
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588 1990-08-25 4 IN JAPANESE, its name means number one, and in keeping with this philosophy, the two-year-old Thai IchiBang Industrial Co is moving ahead with plans to stake a claim as Thailand's premier producer of snack foods. Established in 1988, Thai Ichi-Bang now588 words
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Page 4 Advertisements
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Advertisement189 1990-08-25 4 ONE PRICE SALE REGARDLESS OF ORIGINAL PRICE ALL SAME BRANDED ITEMS ARE ONE PRICE! ONCE IN A LIFE TIME OPPORTUNITY TO BUY DESIGNER GOODS AT BELOW TAILOR PRICE. PRINCIPE SUITS Ss69o MR. VAN SHIRTS Ss6o AUSTIN REED SUITS Ss69o STEPHENS BROTHERS SHIRTS Ss9o EXAMPLE SUITS Ss79o STEPHENS BROTHERS SHORT MISSONI189 words
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FINANCIAL NEWS
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335 1990-08-25 5 Bernama MERCHANT BANKS in Malaysia recorded a 64 per cent increase in their traditional fee-based activities in the first half of this year, Bank Negara said on Thursday. "Almost all fee-based activities recorded increases, including trading in financial instruments which had sufferedBernama - 335 words
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Article, Illustration269 1990-08-25 5 Reuter THAILAND'S central bank has eased a regulation on safeguarding public deposits held by securities companies in a bid to halt a three-week plunge of Thai stocks. Thai central bank governor Chavalit Chanachanan said in Bangkok on Thursday that fromReuter - 269 words
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Article186 1990-08-25 5 AFP THE BUNDESBANK decided on Thursday at its first regular meeting after the summer break not to alter its monetary policy, a spokesman for the West German central bank said in Frankfurt. The West German discount rate remains at 6 per cent and the Lombard rate atAFP - 186 words
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257 1990-08-25 5 Reuter UNION BANK of Switzerland said it will raise its interest rates for new mortgages by 0.75 point to between 8.5 per cent and 9 per cent, effective Nov 1. The rate for old mortgages will rise by 0.5 point to between 6.5 perReuter - 257 words
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Article, Illustration250 1990-08-25 5 Reuter THE STATE BANK of Victoria is to be sold and the government-owned Commonwealth Bank has put in a bid, said Australian Treasurer Paul Keating. He told reporters in Canberra yesterday that a stake in the Commonwealth Bank would be offered toReuter - 250 words
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SMALL CHANGE
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93 1990-08-25 5 DAI-ICHI KANGYO Bank Ltd is considering forming a joint venture banking unit in Indonesia and is talking about: this with Bank Dagang National Indonesia (BDNI), a major Indonesian bank, a DKB spokesman said in Tokyo yesterday. DKB established a representative office in Jakarta in93 words
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Article120 1990-08-25 5 BELGIAN BANKS have set some conditions which they want met before they will become primary dealers in the country's soon-to-be-revamped government debt market, banking sources told Reuters. The banks want the government to scrap the 0.7 per cent stamp duty on securities transactions and to120 words
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Article72 1990-08-25 5 NMB Post bank Groep NV said strong gains in commission and other income including foreign exchange and trading income boosted first-half profits. The fourth biggest Dutch bank said first-half net profits rose 7.7 per cent to 336 million guilders from 312 million guilders, higher than analysts'72 words
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Article76 1990-08-25 5 ABN Amro Holding NV said its previously arranged issue of 260 million preference shares will carry a dividend of 9.5 per cent. The bank, whose formation by merger of Algemene Bank Nederland NV and Amsterdam-Rotterdam Bank NV was finalised on Tuesday, said it will list76 words
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Page 5 Advertisements
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Advertisement215 1990-08-25 5 FINANCE MANAGER An international group based in Singapore requires a Finance Manager to supervise its accounting and internal audit teams. The incumbent will also be required to travel to various South East Asia countries. The applicant should have: Passed level 2of the Singapore Society of Accountants or its equivalent Minimum215 words
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Advertisement67 1990-08-25 5 Executive Style STYLE You want it but can you achieve it? And what is it? You'll find out on August 28, when BT releases its 26-page special, "Aspects of Style". Like the title says, we highlight a multitude of configurations that make up this elusive but wonderfully exciting trait which67 words
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Page 5 Miscellaneous
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THE REGION
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NOTE BOOK
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94 1990-08-25 6 THE IMPACT of higher oil prices on Hongkong will be less severe than economic pressure from the two oil shocks in the *****, Hang Seng Bank said in a report. It said Hongkong, a net importer of oil, will not emerge unscathed94 words
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Article92 1990-08-25 6 THE CENTRAL BANK has asked Indonesians to help fight inflation by buying less. "Inflation has a bad impact on equitable growth. If prices of goods are high it will affect those with low income," the official news agency Antara quoted Bank Indonesia Governor Adrianus Mooy92 words
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Article91 1990-08-25 6 TAIWAN yesterday raised prices of all domestic petroleums, except fuel oils, by between 3 and 42 per cent to reflect soaring crude import costs, Economic Minister Vincent Siew said. Authorities were forced to "adjust" the charges after costs of crude import had doubled since early August,91 words
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Article73 1990-08-25 6 THE PHILIPPINE government dismissed rumours of martial law or an imminent military coup attempt yesterday as suspected rebel soldiers continued a bombing campaign against political targets. President Corazon Aquino said in a written reply to press inquiries that "our reading is that these elements cannot mount73 words
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Article76 1990-08-25 6 IRAN HAS signed a deal to buy US$4O million worth of cable from China and is considering the purchase of telephones and other telecommunications equipment, the official China Daily said yesterday. The contract w as concluded on August 18 in Beijing by the telecommunications ministers76 words
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Article67 1990-08-25 6 INDONESIA plans to open up its market for fruits from temperate countries and those which cannot be grown locally to accommodate the demands of exporting countries, particularly the US, Agriculture Minister Wardoyo said. The US and several other countries had often criticised Indonesia for its tightly67 words
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Article56 1990-08-25 6 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad has reminded factories and their workers of the pitfalls of over-dependence on Generalised System of Preference (GSP) privileges. They should get around this by boosting production and improving quality of their goods so that more could56 words
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Article44 1990-08-25 6 UNIDENTIFIED assailants hurled dynamite yesterday at a soft drink plant south of Manila owned by the family of Trade Secretary Jose Concepcion, injuring three men, police said. The pre-dawn attack damaged a delivery truck outside the Cosmos Bottling Corp plant.44 words
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Article, Illustration552 1990-08-25 6 Reuter PHILIPPINE Finance Secretary Jesus Estanislao has (ailed for a major restructuring of the country's economy to help it compete effectively on international markets. Mr Estanislao said the Philippines must stop holding out the begging bowl to international creditors and start earningReuter - 552 words
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320 1990-08-25 6 Reuter THE ROMAN Catholic archbishop of Manila, Cardinal Jaime Sin, yesterday backed calls to limit Philippine foreign debt payments, saying it was morally wrong to put debt servicing before basic human needs. Speaking at a memorial mass for victims of last month'sReuter - 320 words
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193 1990-08-25 6 Reuter THAILAND'S state power company is studying the possibility of building two 40megawatt hydroelectric dams in a joint venture with Burma, an official spokesman said. The two sites under consideration are both inside Burma one on the Ruak River opposite the northern ThaiReuter - 193 words
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475 1990-08-25 6 Bernama THE SIX Asean countries have agreed to spend US$3 million (about MsB.l million) to promote "Visit Asean Year 1992" in four principal markets around the world. The agreement was reached at the four-day meeting of the Asean Sub-Com-mittee on Tourism (Ascot) whichBernama - 475 words
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150 1990-08-25 6 Bernama INDONESIA has increased its crude oil imports from Saudi Arabia and Iran to substitute its imports from Iraq. Mines and Energy Minister Ginandjar Kartasasmita said the additional imports from these two countries amounted to 50,000 barrels per day. Indonesia previously importedBernama - 150 words
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411 1990-08-25 6 Bernama MALAYSIAN exporters who have been adversely affected by the Gulf crisis are busy looking for new markets for their products, especially for goods meant for Iraq and Iraqi-occupied Kuwait. An exporter who supplies computer forms to Kuwaiti buyersBernama - 411 words
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418 1990-08-25 6 AFP MORE THAN 20,000 Vietnamese now in East Germany are likely to return home by the end of the year with some having their contracts cut, a Ministry of Labour, Invalids and Social Welfare official said on Thursday.AFP - 418 words
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Page 6 Advertisements
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Advertisement256 1990-08-25 6 Singapore Press Holdings CAREER OPPORTUNITIES We are the region's leading newspaper publishing company profitable, successful and committed to staff training and welfare. We invite suitable candidates to fill the following vacancy: TRAINING MANAGER (ProdiHtion Training Unit) Reporting to the Head, Production Training Unit, the successful candidate will be responsible for256 words
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THE WORLD
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536 1990-08-25 7 The Gulf crisis Reuter PRESIDENT George Bush, determined to mix business with pleasure, yesterday met top budget advisers to assess the damage done to government budget planning by the Gulf military buildup and the soaring cost of oil. The meeting was toReuter - 536 words
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Article, Illustration427 1990-08-25 7 AFP EGYPT is looking to an influx of Arab and Egyptian capital now invested in the Gulf to offset the potentially punishing effects of the Gulf crisis on its economy. The central bank, convinced that Egypt is viewed by Gulf investors as aAFP - 427 words
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Article, Illustration548 1990-08-25 7 NYT WHILE the US-led military buildup in Saudi Arabia continues, another weapon the withholding of food for Iraq under the United Nations trade embargo is beginning to cause hardship, a variety of reports from officials of Western governments and food experts say. TheNYT - 548 words
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535 1990-08-25 7 FT THE SUDDEN change this week at the top of the Treuhand, the organisation with the monumental task of privatising East German industry, has added to the confusion spreading rapidly through the country's frail economy. It is the Treuhand, now run byFT - 535 words
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361 1990-08-25 7 FOREIGN investment projects by Japan's small- and medium-sized businesses (SMBs) are set to soar over the next decade, as they match larger corporations in building a global market, especially in Asia, economists said. SMBs form the backbone of Japan's economy, employing 80 per361 words
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320 1990-08-25 7 Reuter WEST GERMAN Finance Minister Theo Waigel flew to the Soviet Union on Thursday night to negotiate an aid package worth billions of marks to help finance Moscow's withdrawal of troops from East Germany. Chancellor Helmut Kohl earlier met Mr Waigel, Foreign Minister Hans-DietrichReuter - 320 words
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WORLD WATCH
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73 1990-08-25 7 SOVIET President Mikhail Gorbachev said that privatisation and several months' effort to eliminate key shortages were the keys to ensuring a smooth transition to a market-based economy. Mr Gorbachev, in his first public appearance since returning to Moscow from holiday this week, said he73 words
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Article87 1990-08-25 7 SOVIET FOREIGN Minister Eduard Shevardnadze will go to Japan from Sep 5-7 to pave the way for a visit by Soviet President Mikhail Gorbachev and push for a peace treaty formally ending World War 11. Foreign Ministry spokesman Yuri Gremitskikh said the Soviets view Mr Shevardnadze's87 words
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79 1990-08-25 7 FRANCE'S foreign trade deficit jumped five-fold in July to a provisional 4.635 billion francs (US$BBO million), according to figures released yesterday by the customs directorate. The figure, corrected for seasonal variations, was sharply higher than the previous month's revised deficit of 877 million francs. For79 words
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Article62 1990-08-25 7 MID-AUGUST vehicle sales by major US automakers fell 4.7 per cent compared with last year, a drop softened by strong truck sales. The figures indicated no dramatic effect on vehicle sales because of rising gasoline prices spurred by tensions in the Middle East. It was the62 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4319 1990-08-25 8 Abdul Hadhi - By Abdul Hadhi A TECHNICAL rebound eased selling pressure on the Singapore stockmarket yesterday. Bargain hunters, sidelined so far this week, snapped up issues which had posted hefty falls in recent weeks. Brokers, however, are of the opinion that bargain hunters have not4,319 words
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Article4247 1990-08-25 9 Main Board DBS Foreign 1110 +120 +12.1% GB Hldgs 10* 328 +63 +23.8% UOB Foreign 560 +40 +7.7% DBS 975 +35 +3.7% FELS 50* 650 +35 +5.7% SIA 200 1030 30 3.0% NatSted 680 30 4.6% Isetan 50* 570 30 5.6% UE 175 +26 +17.4%4,247 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3782 1990-08-25 10 BUOYED by the uptrend in Tokyo, investors returned to the Kuala Lumpur stock market to bargain-hunt for attractively-priced stocks, sending prices to higher levels in moderately active trading yesterday. The mild technical rebound has been long overdue, a dealer said, adding that the market3,782 words
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Page 10 Advertisements
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Advertisement224 1990-08-25 10 SEND A COUNIRY REPORT Mow and then, you send perform- ance reports to your head office or JBL I P Make your report complete with a -J- w«*» country report. But don t bother doing I22Q3BSEDZD3ZZS2IZ3S&B2QS3EQHI it yourself. Because there's The Straits pm. do— to tom t»ik i»rio«r People-they're Times224 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2264 1990-08-25 11 Reuter TOKYO STOCKS closed higher yesterday as aggressive buying of blue chip high-tech issues by Japan's Big Four brokerages helped the key Nikkei average break a six-day losing streak. The gains emerged from a day of volatile trading resulting from uncertainty overReuter - 2,264 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2416 1990-08-25 11 Reuter SHARE PRICES ended higher yesterday, buoyed by Tokyo's stronger finish. The Hang Seng index ended 46.6 points, or 1.6 per cent, higher at 2,918.01. It had been down some 58 points to a low of 2,813 in early trade. After Wednesday's drop ofReuter - 2,416 words
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REGIONAL STOCK MARKETS
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NZ market closes at five-year low
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Article955 1990-08-25 12 THE Australian share market finished sharply weaker yesterday on heavy volume after very volatile, nervous trading dominated by fears of war breaking out in the Gulf. A sharp bounce in the Nikkei index late in the morning on reports that Iraq was withdrawing troops from Kuwait and local bargain955 words
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Article413 1990-08-25 12 THE NEW ZEALAND share market dosed at a five-year low yesterday, despite an afternoon rally sparked off by an improving Tokyo bourse. The Barclays index estimate closed 21.50 (1.4 per cent) lower at 1,538.06, its lowest dose since June, 1985. It was down 41.49 points (2.6 per cent)413 words
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Article89 1990-08-25 12 Close Pruiw Km 24 SYDNEY All Ordinaries Index 1466 9 1493.4 -26.5 All Industrials Index 2178.2 2198.0 -19.8 All Resources Index 911.8 940.9 -29.1 Turnover (million) 148.86 124 64 -1-24.22 BAHCftOK SET Index 695.81 735.39 -39.58 Turnover (nearest *000) NA NA JAKARTA Composite Index 551.78 563.49 -11.71 Turnover (nearest '000)89 words
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Article656 1990-08-25 12 THAI STOCKS yesterday extended huge losses for the sixth day but closed off their lows as bargain-hunting institu- tional investors bought bank issues. The SET Index fell 39.58 points, or 5.4 per cent, to a 10-month low of 695.81 in sluggish trade after having been down 51 points earlier656 words
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Article488 1990-08-25 12 MANILA SHARES rebounded in listless trade yesterday after a series of sharp declines caused by anxiety over a rash of bombings in the Philippine capital and uncertainty over the Gulf crisis. The Manila Stock Exchange composite index rose 13.18 points to close at 696.76 from Thursday's 683.58 points, this488 words
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Article419 1990-08-25 12 TAIWAN STOCKS fell yesterday, ending at their lowest level since Feb 10, 1988, as news that prices of petroleum products would rise sharply swept the market. The weighted index ended at 3,135.56, a fall of 197.90 points or 5.9 per cent, the lowest close since the index hit 3,197.36419 words
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Article826 1990-08-25 12 SEOUL STOCKS fell to a 31-month low in active trade yesterday as depressed sentiment was further aggravat- Ed by heavy selling pressure from securities firms trying to dear unsettled accounts by end-August. But the stock stabilisation fund propped up the composite index, which had fallen nearly 20 points in826 words
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Article328 1990-08-25 12 la local camacy la SK la US! At 23 Ma *"7 *7 Wodd 3S6.0 .J.3 .23.4 -4.0 -24.3 -3.3 -21.1 IEAFE 503.4 -1.8 -26.1 -4.4 -30.4 -3.7 -25.4 ENrone 374.9 -3.0 -16.8 -2.7 -10.8 -2.0 -4 4 Pacific 802.8 -5.0 -36.6 -5.8 -414 -5 2 -37 2 Far East 1039.5328 words
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Article573 1990-08-25 12 PRICES ON the Jakarta Stock Exchange ended mixed yesterday, with the composite index down 11.71 points to 551.78 in quiet trading. Holding company Astra International was actively traded, with 109,500 shares exchanged on the regular market, but it fell 250 rupiah to close at 22,700. Textile company Mayatexdian dominated573 words
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Article63 1990-08-25 12 Reuter BOMBAY SHARE prices closed mixed on Thursday on scattered profit-taking after rallying sharply in the past two days. The Bombay Stock Exchange index fell 6.51 points to 1,151.27 but the national index rose 3.39 to 593.15. The market was closed yesterday for a Hindu festival and trading resumesReuter - 63 words
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WORLD STOCK MARKETS
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Dow slides as bargain-hunting dries up
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Article, Illustration826 1990-08-25 13 NEW YORK blue chips retreated on Thursday as earlier bargain-hunting vanished. Investors were tentative as the Mid-east crisis remained uncertain. Gene Jay Seagie, director of technical research at Gnintal and Co, said the market may be poised for a rally despite its weakness. "All the sentiment factors that826 words
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Article, Illustration794 1990-08-25 13 BRITISH shares ended lower again on Thursday, despite rallying from sharp drops in the first hours of trading. At its 1530 GMT close, the broadbased Financial Times-Stock Exchange 100-share index was down 29.8 points or 1.4 per cent at 2075.0. That was up from the day's low of 2051.2794 words
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Article86 1990-08-25 13 A* 23 Close Previa* NEW YORK Dow Jones 2443.42 2560.15 -76.73 NYSE Financial 119.11 122.43 -3.32 SAP 300 307.06 316.55 -9.49 Turnover (million) 250.44 175.55 74.19 LONDON Financial Times 30 1604.20 1622.50 -11.30 FTSE 100 2075.00 2104.80 -29.80 Turnover (million) 492.6 338.0 +154.6 AMSTERDAM CBS General 176.20 180.30 I <4.1086 words
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Article297 1990-08-25 13 DUTCH shares yesterday bounced back from recent falls, but Nedlloyd fell over 10 per cent reacting to even worse than expected first half 1990 results after the bourse closed on, dealers said. The CBS trend index added 1.0, over one per cent, to 98.7 with short covering much in297 words
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Article310 1990-08-25 13 WEST GERMAN shares started generally firmer in fairly active trading yesterday, as some buying interest returned to the market after sharp losses on Thursday. "We really bled over the last few days," one trader said. "But there are buy orders there today (Friday)." The 30-share DAX index nose 33.15310 words
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Article212 1990-08-25 13 ITALIAN share prices slid further in early business yesterday but turnover was thin as the market awaited developments in the Gulf, brokers said. "Everyone is holding his breath, waiting for what the day will bring," said one broker referring yesterday's expiry of the deadline set by Saddam Hussein for212 words
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Article182 1990-08-25 13 BELGIAN shares opened cautiously higher in slim trading yesterday, following a recovery in major European bourses in what dealers described as a fragile improvement. "There's not much conviction and volumes are low," one dealer said. "Brussels is more prudent than other bourses because if and when overseas buyers return182 words
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Article445 1990-08-25 13 THE Johannesburg stock market continued very weak at midday yestewrday under persistent selling pressure and minimal buying interest in a nervous and confused market. Dealers said confidence is at a very low ebb after Thursday's panic-driven sell-off in response to falling international stock markets on Middle East worries and445 words
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Article267 1990-08-25 13 FRENCH share prices opened sharply higher yesterday on the first day of the new bourse account, boosted by bar-gain-hunting after Thursday's fall, dealers said. Investors have a full month to pay for their purchases and speculate on a recovery after recent free-falls, they added. The CAC-40 index gained 27.93267 words
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Article340 1990-08-25 13 SHARE prices on the Zurich exchange plunged 4.44 per cent yesterday to hit new Tow for the year amid inflation and interest rate fears. Dealers said the market reacted to, heavy losses on other exchanges around to world as the Gulf crisis underminedsentiment. Trading was fairly active as selling;340 words
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Article174 1990-08-25 13 Toronto Aug 23 a Abttibi 15V» unch Alcan Alum 23* Bank Nova Scotia 13* Bank of Montreal 25* BCEInc 35* -1 BP Canada Inc 19% Brascan G A 18* Canadian Imp Bank. 25 Canpac 18* Cominco 23% Dom Tar 10% Falcon bridge Giant Yellow Knfe 8% Gulf Oil Can. 16%174 words
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Page 13 Advertisements
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Advertisement18 1990-08-25 13 •wt Read Chartpoint, a guide to investing in the Tr stock market. Every Saturday in BT. 5 J18 words
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CURRENCY, MONEY & FUTURES MARKETS
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1239 1990-08-25 14 FOREX MARKET REPORTS THE US DOLLAR yesterday firmed slightly in early London trading, with soime dealers saying it had fallen too far, too fast on Thursday. But the star yesterday was the Australian dollar, supported by statements from Finance Minister1,239 words
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Article393 1990-08-25 14 Cross rates USS SS MS Dm Yen SFr AS NZS USS 1.7770 2.6940 1.5460 146.10 0.5112 1.2580 1.1940 1.5773 SJ 0.5627 1.5160 0.8700 0.8222 0.2877 0.7079 0.6719 0.8876 MS 0.3712 65.96 0.5739 0.5423 0.1898 0.4670 0.4432 0.5855 Dta 0.6468 1.1494 1.7426 94.50 0.3307 0.8137 0.7723 1.0202 Yen393 words
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Article557 1990-08-25 14 Interbank rates S* Bid Offer Overnight 6 13/16 6 15/16 1-month 6 3/4 6 7/8 2-month 6 13/16 6 IS/16 3-month 6 13/16 6 15/16 Overnight mode: 6-5/8 IS$ Bfal Offer 7 days 8 1/8 8 1/4 1 month 8 3/16 8 5/16 2 months 8 1/4 8557 words
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Article1576 1990-08-25 14 E EX B—tUM Open High Low Sett Est Vol OfVInt Vol Sep 9< 91.77 91.79 91.76 91.79 2000 ***** 3623 Dcc 90 91.74 91.76 91.72 91.75 9000 ***** ***** Mar 91 91.59 91.65 91.59 91.64 2700 5995 4482 Jun 9 91.41 91.47 91.40 91.47 900 1182 939 Sep1,576 words
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Page 14 Advertisements
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Advertisement5 1990-08-25 14 The Sang Kancil Portfolio li^^^ver^Tuesday5 words
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COMMODITIES
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498 1990-08-25 15 Reuter SOARING oil prices, close to eight-year highs, present the world with a dilemma over how to use strategic crude stocks, if at all, analysts and traders say. Industrialised countries have oil stocks for just under 100 days' consumption, oneReuter - 498 words
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275 1990-08-25 15 Reuter TURBULENCE in stock markets worldwide is increasingly leading skittish investors to shy away from all equities, including gold stocks, which are traditionally viewed as safe haven investments, analysts said. They also cited mounting fears of recession, which have caused investor interest in gold sharesReuter - 275 words
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818 1990-08-25 15 REPORTS SINGAPORE rubber prices closed higher yesterday with September I RSS buyer quoted at 168.50 cents a kg, up 2.25 cents from Thursday's close. Dealers said prices fluctuated within a narrow band during the afternoon session in thin and quiet trading as operators818 words
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Article1303 1990-08-25 15 Rubber Aug 24 ■M h >■*■») S centi/Vg Noon Qoae Int I RSS Prompt 169.00/170. OON 168.50/169.SON Int 1 RSS Sep 90 169.00/170.00 16*.30/169. SON Int 1 RSS Oct 169.00/170.00 168. SO/169. SON Int 2 RSS OP I62.25/I64.25N 16l.7V163.75N Int 3 RSS OP I57.7VIS9.75N 157.2V159.25N Int 4 RSS OP1,303 words
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Page 15 Advertisements
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Advertisement15 1990-08-25 15 Read Chartpoint, a guide (o investing in the stoek market. Every Saturday in Business Times.15 words
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Advertisement250 1990-08-25 15 NOTICES ii tk natter or tic comma act. chatter so m II TK NATTER OF conuaTM. coMffr MUVATE UNITED (II tCMCRS' VOLUNTARY MINDIK-UP) NOTICE OF FINAL NETTING NOTICE IS MMMf CIVEI pwriaant to Section 300 of tto CllHw Act. Cap. SO that a flMl sooting of tto MNtors of tto250 words
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Advertisement229 1990-08-25 15 W THE MATTERS OF THE COMP AMES ACT (CHAPTER 90) AND INTHE MATTBIOF WTERPUB PUBLISHING PTE LTD (InCOrpOralM In to Republic of SinaaDors) wM IIOTWVI wj (In Liquidation) MEMBBtS* VOLUNTARY WIMXNG UP NOTICE IS HEREBY GIVEN that pursuant to Section 306 of tho Companies Act, (Chapter 50) that lha Final229 words
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Article369 1990-08-25 16 Dexter Lee - The Gulf Crisis SIA re-routing several of its flights in the Gulf region *L Dexter Lee SINGAPORE AIRLINES and other carriers flying to Middle-Eastern cities have replaced or are replacing Dubai as a stopover for their flights. Dubai is in the United Arab Emirates, one of the369 words
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Article160 1990-08-25 16 SHIPPING LINES going to the Middle East have stopped carrying cargo to Iraq aad Kuwait but will continue to provide services to other ports in the Gulf. There are no outstanding shipments in harbour or en route to those ports, said Sealord Shipping Agencies marketing manager160 words
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357 1990-08-25 16 Reuter INDONESIA would increase oil output to its quota level of 1.374 million barrels a day by November and would demand a bigger quota at the regular Opec ministerial meeting in December, Mines and Energy Minister Ginanjar Kartasasmita said. "WeReuter - 357 words
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413 1990-08-25 16 Catherine Ong - From Catherine Ong IN HONGKONG HONGKONG lowered its economic forecast for this year by 0.5 percentage point yesterday to 2.5 per cent and yarned that a protracted jrfiddle East crisis could dampen growth further. Government economist Tan* Kwong-yiu told a press413 words
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331 1990-08-25 16 Reuter THE US economy grew at an inflation-adjusted 1.2 per cent annual rate between April and June after expanding at a 1.7 per cent pace in the previous three months, the government reported yesterday. Although the second-quar-ter gross national product growth rate wasReuter - 331 words
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405 1990-08-25 16 Reuter CORPORATE Japan has enough cash stashed away to easily weather the storm now engulfing the financial markets and may emerge stronger than international competitors, analysts in Tokyo say. The trend of sharply higher interest rates and plunging share prices will do littleReuter - 405 words
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Article, Illustration65 1990-08-25 16 The Australian government has decided to stop issuing one and two-cent coins which cost more to produce than they are worth. The coins feature native Australian animals a glider possum (left) and a frill neck lizard. The Prices Surveillance Authority, however, is65 words
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232 1990-08-25 16 Reuter TAIWAN is sending a delegation to South Korea next week to try to boost trade between the two countries and cut their trade deficits with Japan, officials said. If the two countries boost purchases of each other's products it would help makeReuter - 232 words
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300 1990-08-25 16 AFP COMMENTS by Treasurer Paul Keating likening Australia's economic problems to those of South American countries sent the Australian dollar tumbling by more than one US cent yesterday, dealers said. The dollar, seen as a stable currency in a turbulent financial landscape, had soaredAFP - 300 words
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347 1990-08-25 16 Reuter ARTILLERY duels in the high Himalayas of Kashmir have renewed fears in India and Pakistan that the two old enemies will go to war yet again over the territory. The "will-they-won't-they" debate is in full swing. Some Western diplomats said inReuter - 347 words
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Page 16 Advertisements
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Advertisement35 1990-08-25 16 (SAcchi.) (nmum I i Ulln rC ulUclum R&D and Engineering Co. (P.L) With established high-tech product line and new product designs seeks additional capital to finance further development and expansion. Pit contact: 747-2922 Attn. Helena35 words
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Advertisement13 1990-08-25 16 (sAcchi.) (it UUIIIi Itill/ltl tillt < limi Indonesia substitutes for Iraqi oil, Pg 613 words
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Executive Lifestyle
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Article, Illustration1027 1990-08-25 17 Chuang Peck Ming - Kiasu everything also he want Chuang Peck Ming picks the brains of a self-styled authority on a Singaporeanism Chuang Peck Ming JOHNNY LAU is not "afraid to lose"; he has NOTHING to lose. In this sense, the literal translation of kiasu that allencompassing adjective that describes just about every other1,027 words
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STRAWS IN THE WIND
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Article48 1990-08-25 17 A FINANCE COMPANY informed a customer of an impending rise in the interest rate on his loan. But so that the poor man wouldn't take it too hard, the letter ended: "We look forward to being of further service to you.** He almost wishes they wouldn't48 words
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Article49 1990-08-25 17 BRIDAL COUPLES tired of waiting for latecomers at their wedding dinners can take a cue from a mmpaiy which recently celebrated, its 10th anniversary. To get people to come by 8 pm, it offered "mystery gifts" to the first 100 early birds who arrived before 7.30 pm.49 words
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Article33 1990-08-25 17 THERE IS a triathlete who detests sleeping on beds and prefers the floorboards. So who yets the bed in his hostel room? His bicycle. So much for the love of sports.33 words
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Article91 1990-08-25 17 THE JL STORE is often called the little sister of the more sophisticated Robinsons. At their current sales, an evening bag was offerred for $9.90 at JL and $19.90 across the road. What a clever little undercutting sister. But a customer who saw the bag at JL only91 words
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OPINIONS
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302 1990-08-25 18 Georgette Tan (Ms - LETTERS TO THE EDITOR Georgette Tan (Ms) Public Relations Manager STPB THE Singapore Tourist Promotion Board read with interest the article by Senior Correspondent Lee Han Shih (BT, August 21). The Board is pleased to note Mr Lee's recognition of the importance of tourism to302 words
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Article201 1990-08-25 18 Khoo Guan Chuan - Khoo Guan Chuan I HAD the opportunity to study the Law Society's Professional Indemnity Insurance Scheme, attend the Meeting, listen to all the arguments, read David Gabriel's comments in The Bottomline (BT, August 23) and correspondence. It is all well and good to201 words
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117 1990-08-25 18 I REFER to my letter (BT, July 7-8) headlined, "Work experience ignored", which was in response to the Singapore Institute of Surveyors and Valuers' (SISV) over-emphasis on the 'O' level requirement for the Real Estate Agency course. It has been more than117 words
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Article, Illustration1467 1990-08-25 18 Neville Stack - Neville Stack draws a chilling parallel between Saddam Hussein and Adolf Hitler Neville Stack Neville Stack is a political commentator based in Britain. He writes regularly for BT. THE struggle for power in the Gulf really began 50 years ago, when little Saddam Hussein was1,467 words
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Article, Illustration910 1990-08-25 18 Harish Mehta - Harish Mehta on the long-running dispute over the oil rich islands Harish Mehta Harish Mehta is a reporter on the politics and economics desk. TURN the Spratly and Paracel islands into an oil haven to rival Saudi Arabia, or one day risk910 words
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EPICURE
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Article, Illustration907 1990-08-25 20 Quek Swee Peng - Quek Swee Peng relishes in imperial recipes, some of which once pandered to Empress Dowager Ci Xi's palate Quek Swee Peng HE Empress Dowager I Ci Xi would not have noticed the symbolic ZJZ I elegance: silver goblets and silver chopsticks, gale yellow china decorated with r auspicious907 words
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LIFESTYLE 1
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Article, Illustration976 1990-08-25 21 Jane E Brody - Jane E Brody suggests guidelines for choosing the sunglasses most appropriate for you Jane E Brody NYT CHECK whichever statements apply. At this point in time, your sunglasses: are lost or misplaced; are hopelessly scratched, bent or broken; have seen far more of their case thanNYT - 976 words
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799 1990-08-25 21 N K Yong - WINE By N K Yong AT DINNER last week 1 served a wine that is rarely seen here Tokay d'Alsace Vendange Tardive 1981, Hugel with the first course, "Balik" smoked salmon. "Balik" is fillet of salmon lightly smoked and salted, very creamy and smooth.799 words
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Article, Illustration634 1990-08-25 21 Tan Boon Tiong - BRIDGE By Tan Boon Tiong IN ORDER TO defend a hand well players must discipline themselves to keep an accurate count of the hand. There are three things to keep count of as the play unfolds. Firstly, the defender must keep a count on the length of634 words
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Article, Illustration894 1990-08-25 22 Cassandra How - Cassandra How rubs her eyes in wonder at a unique art exhibition Cassandra How IMAGINE a milk can, a bottle, a metal box and a piece of cloth suspended in mid-air. At first glance, no one would believe that it is a still-life painting; the894 words
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Article, Illustration586 1990-08-25 22 Ringo Liew - CO REVIEW J* Ringo Liew THE TIME: Pandemonium Even before Was Not Was walked its dinosaur across the dance floor, The Time was already churning out party music that moved feet and tickled funnybones. The reunited band's latest album, a celebration of things material and sensual,586 words
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722 1990-08-25 22 P Y Van - By P Y Van ffc-*T O DOUBT about it. The Asian Youth Orchestra is dtrj a wonderful concept, a •ftiedns by which young Asian muVowns can meet and make music toother while being guided by •ranking professionals. also gives them invaluable tStf&cert722 words
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Article, Illustration480 1990-08-25 22 Suzanne Soh - Would anybody dare venture into the Palais Renaissance with anything less than a gold card? Suzanne Soh tries not to feel inadequate with just her Amex green Suzanne Soh THE DISPLAYS at the Palais Renaissance, Orchard Road's new shopping centre, scream Chanel and480 words
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SPORTS
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Article648 1990-08-25 23 Cassandra How - By Cassandra How ALTHOUGH it has been widely believed that a good driver is necessary for a good swing, anyone who has seen the Noel Hunt Golf Show, live or otherwise, will tell you that it is your basics that is important, not the $1,000648 words
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Article, Illustration328 1990-08-25 23 AP JENNIFER CAPRIATI, hoping to cap her glorious summer of Grand Slam debuts with a splash in the US Open, drew perhaps the ~X2ughest first-round match of "30! women's seed on ThursCapriati, the 14-year-old a grown-up game, will tftjffc on another talented teen a two-fistedAP - 328 words
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261 1990-08-25 23 AFP THE 1990-91 English League season gets underway today with expectations higher than they have been for many a year. England's laudable achievement at reaching the semi-finals of the World Cup when many believed they would not pass the first round has brought aAFP - 261 words
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SIDE LINES
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65 1990-08-25 23 PLAYING at the 30th Putra Cup at the Tanah Merah Country Club arc top amateurs from Brunei, Hongkong, Indonesia, Malaysia, Myanmar, Papua New Guinea, the Philippines <n4 Thailand. Singapore is represented by Kevin Lee, Nicholas Leong, John Pang Douglas Ooi and Dino Quek.65 words
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Article105 1990-08-25 23 TOP SEEDS Jansher Khan of Pakistan and Australian Dittmar advanced easily to the semifinals of the Singapore Open squash championships with quick straight sets vic£ooics on Thursday. Khan swept aside Austin Adarraga of 15-7 15-10 15-9, employing some devastating drop his way to a semifinal meeting105 words
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Article118 1990-08-25 23 PERUVIAN Pablo Arraya upset fifth-seeded Goran PrpJji Jjf Yugoslavia Thursday on his way into the quarterfinals ctihll US$l5O,OOO San Marino International, a day-court leg ATP tour. Arraya, ranked 164 th in the ATP standings, seemed in trouble as he downed the Yugoslav opponent 6-4. The Peruvian player118 words
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Article117 1990-08-25 23 GEORGE STEINBRENNER, who stepped down on as principal owner of the New York Yankees, was the US Olympic Committee's inactive list on ThuntfMg Steinbrenner, whose term as USOC vice president 1992, agreed to "back away from the everyday involv JBpt for a while to allow any matters117 words
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Article62 1990-08-25 23 FORMER Olympic gold medallist Sebastian Coe marritfßs showjumper fiancee Nicola Mclrvine at a registry otlßUh Guildford on Thursday. The ceremony, which came lesgjtagn three months after their engagement, took Coe's business associates by surprise. Officials at the Conserflßfe Association in Falmouth, Cornwall, where the 33-yesyßM Coe is62 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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Article244 1990-08-25 24 WHAT DO Michael Milken and Li Ka Shing have in common? The answer one creates the junk bonds, the other is now out buying them. Mr Li is the power behind Gordon America L P, a Toron-to-based partnership that has outbid heavyweights such as244 words
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Article181 1990-08-25 24 IF-CRISIS is the best time to make money, here is some timely advice from analyst David Fuller on what it takes to succeed in roller-coasting markets. In one of his Fuller Money letters, he writes: "What are the appropriate values when investing? All that is181 words
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912 1990-08-25 24 Shoeb Kagda - The Gulf crisis has hardly nudged silver from its slumber, writes Shoeb Kagda Shoeb Kagda Lacklustre. That very much sums up the condition of the silver market currently. Languishing around the US$5 level for the past four years, the white metal hit a912 words
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Article, Illustration585 1990-08-25 24 Reuter PATIENCE, the Federal Reserve appears to be counselling, is the most prudent method of dealing with the troublesome state of the US economy. Two days after its policy makers gathered to commiserate over what some economists say is the Fed's greatest dilemma sinceReuter - 585 words
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Article644 1990-08-25 24 Prteae (m at 23.S.90) Convomton tornw Expiry (oweowKj Amount OpttowT Company leeued Wrt» S#*r» Ln «tk lailM I IM i (m units) Conv Ear Mi c.h< Lan* 1 B TT rate priM »iM I 9 t CACWt 37.5 0.920 3.360 1.00 3.00 19 3.67 26.4.93 32644 words
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Article, Illustration337 1990-08-25 24 C Dow - chart By C Dow The gulf crisis is now in its fourth week, and already the world stock markets are in disarray. This is also very much evident in our local bourse which had a free fall this week. In a market gripped by fear,337 words
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477 1990-08-25 24 Reuter "W T S CORPORATE .J BONDS may continV-/ ue to outperform securities in the coming weeks as continuing Middle-East tensions and wprpes about the economy rattle financial markets, portfolio managers said. They said that although prices for all bonds fell due toReuter - 477 words
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Article, Illustration950 1990-08-25 25 Gerry Holtman - It is by no means a riskless investment, however, says Gerry Holtman, an economist with Lehman Brothers Int'l Gerry Holtman THE EYES of the investing world have been on the weakness of the dollar and the strength of the Deutschemark in recentChart by TeleTrac - 950 words
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838 1990-08-25 25 Alan Street - TAKING ■HHHHhhH By Alan Street Prof Street is with the Nanyang Technological Institute. This article was contributed by the Life Insurance Association of Singapore UNLIKE most items that we buy, a life insurance policy is usually paid for over a period of many years. We838 words
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Article, Illustration653 1990-08-25 25 John Lipsky, director of international research for Salomon Brothers in London, talks about the weakness of the greenback in an interview NYT QUESTION: Will the US dollar continue to fall? Answer We expect to see the US dollar continue to weaken somewhat further inNYT - 653 words
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JOBS
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Article, Illustration854 1990-08-25 26 Harish Mehta - Right now Naohiro Taguchi is busy in international trade, but one day he may write his novel, he tells Harisn Mehta Harish Mehta MANY years ago, the romance of writing a novel took wing in the mind of a young Japanese student. That idea still soars,854 words
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498 1990-08-25 26 NYT THEY WERE the legal profession's gilded generation, an army of lawyers without limits. As law students, they were wined and dined and wooed by the most prestigious law firms in New York. Once hired, they began settling into a frantic but fantasticallyNYT - 498 words
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Article253 1990-08-25 26 Chin Bay Hon has been appointed managing director of Toplis and Harding (S) Pte Ltd. Also: Graeme W King has been appointed regional director of the company, based in Singapore. Mares J Wright has been named vice-president, operations and quality assurance for Asean and South Asia at253 words
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Article1045 1990-08-25 27 aty FKgM ETA FttgM FTO NtmUuM MlllHl SQ226 2035 QF81 2005 Hwitiriii SQ23 1350 KL838 2115 jj— KL837 1430 SQ24 2200 'kketimi TE25 1610 TE28 1730 SQ338 1925 BA12 2200 BMkrM B4421 U00 SQ182 0915 >m»M SQ181 1410 8)422 1205 BI429 2030 BI430 2125 "Jfcwi.1i ill1,045 words
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THE TRAVEL PAGE
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Article, Illustration533 1990-08-25 27 LETTER FROM NANJING APA Publications (HK) Ltd NANJING, the former capital of the rich southern Chinese province Jiangsu, is considered one of the most beautiful cities in China. It has four-and-a-half million inhabitants. Its wide tree-lined avenues, dotted with old two or three-storey wooden houses,APA Publications (HK) Ltd - 533 words
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Article152 1990-08-25 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4800 1.5000 Canadian dollar 1.3620 1.3820 NZ dollar 1.100 1.1300 Sterling pound 3.450 3.4800 US dollar 1.7720 1.7820 Local dollars to 100 units of foreign currency Austrian schilling 16.00 17.00152 words
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Article84 1990-08-25 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Aug 27 Taxation of Oil India Asian Pacific Tax *****40 Sep 15-18 International Paris Semaine 1/43J9Q569 Exploration A Investment Leather Week I itemationak Activities In India Research Centre Du Cuir Sep 7-17 International Switzertand Schwetzer Muster 61/686.20.2084 words
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TIME OFF
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Article223 1990-08-25 28 Piano Recital A benefit piano recital given by Professor Rachelle McCabe. Programme includes Sonata in C,L23, Sonata in A,L483, Faschingsswank ans Wen, Eight Improvisations on Hungarian Folk and Estamps. Venue: The Goethe Institut Auditorium, #06-0105, Singapore Shopping Centre. Date: Aug 29. Time: Bpm SSO All-Tchaikovsky Com■eworatho Concert Guest conductor223 words
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Article, Illustration293 1990-08-25 28 K Jayanti - Compiled by K Jayanti Corporate Art Travels On display are over 200 items of modern art from Dutch and Singaporean corporate art collections. (See write-op inside, on page EL6.) Venue: The Empress Place, Hall 6. Last day tomorrow Prize-winning paintings by Urn Poll Tack Winner of the United Overseas293 words
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Article, Illustration509 1990-08-25 28 BM sa a Wlrs. Who says you don't get a second chance at love? Goldie Havyn does, but she's not sure if she wants it, even though the man in question is Mel Gibson. But she does think about it as she and Gibson run from dirty FBI agents509 words
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Advertisement110 1990-08-25 17 a a a k >>. X*. -r<*+4 -C V "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." II SES a J3L j,. OMEGA. The watch that moments. At the Olympic Games. In outer space. And exclusively110 words
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Advertisement123 1990-08-25 18 FOR THrWwS COMPANIES MAKE Companies make news because they make profits or losses for you. The Business Times' COMPANIES NEWS pages are very widely read. We reveal the latest deals in Singapore and the region, profile the movers and shakers behind them and summarise corporate events in the world's major123 words
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Advertisement171 1990-08-25 19 1 <«^' M tt«» HH Hi k]l v v t tt <# 1 Whether you can birdie with the best of them or can't tell a tfP'f' "KP f 1 Sttu need and lay out advanced skills to help improve your game, 1 IHPRbVE wcxxi from an iron, Improve Your171 words
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Advertisement1117 1990-08-25 20 H: WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... W: ITALIAN MASTERPIECES m AT PREGO! Take your taste buds on a delightful journey through the •*r' inspired Italian dishes of the renowned chef, Paolo Veneni. Try his award-winning specialties at Prego from1,117 words
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Advertisement248 1990-08-25 21 AND ENTERTAIN Tempting Treasures From The Deep. The tempting Fish and Oysters Promotion is on every night from August 7 to 25, at the Hubertus Grill. We guarantee you'll fall for it, hook, line and sinker! A® C enturv Park Sheraton Singapore 16 NASSIM HILL, SINGAPORE 1025. TEL: 732 1222.248 words
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Advertisement106 1990-08-25 21 TdAII/JI Restaurant and I KvllVA Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE V Romantic Candlelight Dinner With Karaoke at Troika Happy Hours Daily $12.00++ One for one drinks Restaurant Hours c Karaoke Hours Mondays to Saturdays Dailv UJOM.to23opm 7.oopmto2.ooam Mondays to Sundays Tel: *****22 6.00pm to 10.00pm Fax: *****33 1106 words
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Advertisement15 1990-08-25 23 -Ammm nasier _^i MM -WJ UIUUJ 111 L I fl ifl IB j «.v gj^'til15 words
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Page 25 Advertisements
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Advertisement682 1990-08-25 25 jTI QOOD FORTUNE PROSPERITY DEPOSIT WITH HONG LEONG FINANCE SINGAPORE FINANCE TAATS tv<m I HOME ONE OR MORE OF MORE FREE GIFTS 4goB ITEMS r I2mrt» 6mrt> philips gift items* 4vn/OB U'J/1 Better More Pnzes In Our Grand Lucky Draw w num i L TAr home bottles of Otard XO.682 words
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Page 26 Advertisements
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Advertisement366 1990-08-25 26 m ■JLiyiju.iiijjj.LHii.B MAP OUT TOUR FUTURE 1 Our client, a well established international Vr 11 JL fflUvlS oiltrading company contemplating A.O.T. status in Singapore, wants Singaporeans to MCS ***** join in the creation of an aggressive trading team to cover crude and product markets in the Asia-Pacific region. You should366 words
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Advertisement485 1990-08-25 26 A well established Trading Co requires Finance/Admin Manager Will be responsible for the finsncisl affair# and administration matters of the Company and its subsidiaries Requirements: ACCA Level II or its equivalent 5 years experience Resourceful and able to communicate with all levels of management Interested applicants are required to submit485 words
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Advertisement51 1990-08-25 27 Ihe huMnos pirvon ihoin' ocr\ "T" "W 1 tW/ W "W" ~ar I hur*»ii\.Saturilj\ jnilsuniljx. 1 cjvin);( hjntfi J m \S i rport it 22:2? hours mil .urn inj; .11 I.i J J (.iurili.l or Vu.irk lntcrnjtion.il \irports the A l!i:i \i i i < U i: i >'n All;51 words
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Advertisement72 1990-08-25 27 ••••••9•••••••*+**• j jßSiea^^ j 1 At «-t Dear Singapore... JL yW Never forget that our greatest asset is our youth. Ours must be a robust and rugged society For them we must build a solid This is my country, this is my peopl^^ Tomorrow, Prime Minister Lee Kuan Yew will72 words
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Page 27 Miscellaneous
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Miscellaneous284 1990-08-25 27 I He does not fight for his principles jHI ~MV 5 A cheap sort of lawless ruf- PHI PHI HH 9 Flower produced despite iBl poor drainage (8) 10 Meat encased in iron il served in glowing spirit (6) J II Pass along the way (8) ■TTHj HTl| 12 A284 words
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Miscellaneous203 1990-08-25 27 Singapore Report (Thur) Max temp. 32.9* C Assoc humidity 63% Min temp 25.9 X? Assoc humidity 90% Hrs of sunshine B.BS Rainfall in mm. 1.6 Rainfall this mth 122.0 Rainy days this mth 8 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 16/10 Showers Bangkok 35/27 Showers Beijing 34/23 Cloudy Brunei 34/25203 words
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Miscellaneous25 1990-08-25 27 vouw NEgp is Lie U>P\NTS rne l'r^ Jones vm teAixy) 1 \®<locr\ coPeosßD RBfcjJMoJggW J Vjgl g* rcui HOURS V CO. LTD, IM2-IMO WfiL-. IIM25 words
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Page 28 Miscellaneous
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Miscellaneous1533 1990-08-25 28 TODAY'S TV ■OrySIT!!TnH 12 .is m s» w—t The Other Silk Road. 1.10 Kanpal Haayalaac A lira hi the Stone, 2.05pm, Tin Ginger Trae, 8p«, SBC 12 lM £■*"*«'■■•■< the episode, Mary is 2.05 SatarOay mrnmm Maria As a result tender age, now the ripe old age of In The1,533 words
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Miscellaneous645 1990-08-25 28 MOVIES ON TV Caadaet Urtiewlng, Mm, take off their shoes to stop® 10.30pm, SBC 12 on the grapes. Being posted to the boon- wCT docks on India's North-West frontier in Victorian times 12 *7.7means looking at fellow sol- Ben Kingsley plays Basil Paa» diers, their sweaty faces and cali, a645 words
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