The Business Times, 29 September 1990

Microfilm: NL17108
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 Business Times MCI (P) 170/12/89 Weekend Edition, September 29-30 1990 75*
    11 words
  • NEWS & MARKETS SUMMARY
    • Article
      Soviet radicals deny charges of overthrowing govt
      36 1 SOVIET radicals yesterday denied charges they sought to overthrow the government and accused conservatives of trying to stir up nationwide unrest to create a pretext for a military crackdown.
      36 words
    • Article
      Dow Jones lower
      50 1 WALL STREET stocks dropped sharply in early trading yesterday. The Dow Jones industrial average lost more than 40 points in the first IS minutes of trading, but later steadied. The index was off 33.42 points, or 1.38 per cent, at 2,394.06 at 10.30 am EDT (1430 GMT).
      50 words
    • Article
      Footsie lower
      33 1 LONDON share prices were sharply lower at midday yesterday in thin volume. At about 12.15 (1115 GMT), the FT-SE 100-share index was down 22.6 points, or 1.1 per cent, at 1,986.5.
      33 words
    • Article
      Cautious investors
      25 1 WITH just a few more day? before applications close foi three new share issues, investors are still staying on the sidelines Page 2
      25 words
    • Article
      Manila revises budget
      45 1 THE Philippine government on Thursday scaled down earli- er plans to trim the 1991 budget of government agencies by 20 per cent, saying the targeted cuts could now be between 10 per cent and 15 per cent of the total Page 6
      45 words
    • Article
      Mixed results
      40 1 THE BOUYANT hotel industry in the first half of this year has boosted the profit of Hotel Properties Ltd (HPL), but, surprisingly, failed to pull loss-rid-den ANA Hotels Singapore out of a pool of red ink Page 3
      40 words
    • Article
      Rough ride ahead
      30 1 BUMPIER times ahead have been predicted for the already beleaguered local car insurance industry, with growth in premiums likely to be flat starting this year Page 5
      30 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 552.81 -5.67 Kuala Lumpur ....459.08 -10.76 Hongkong 2,760.82 -7.13 Tokyo 20,983.50 -788.41 Sydney 1,396.10 +1.9 HwrwUy Change New York 2,427.48 -32.17 London 1,548.1 +15.5
      29 words
    • Article
      CURRENCIES
      20 1 Cxdi— H rates USS SSI.7640 Yen S ***** MS SS0.653I Mo««y market rates Overnight 6-3/4 -I 3-montn 6-9/16% 1/8
      20 words
    • Article
      COMMODITIES
      33 1 iMtatiU PM fix US$408.40 US$4.45 S'pore Oct.... 157.25«/kg +1.50 Vfwa Oct..... 240.00*/k| +0.50 KLTIa Turnover 68 tonnes -7 Spot M$l6.26/kg +0.55 Crada pdM til Turnover..™. 818 lots +160 Oct M$665 /tonne +1.00
      33 words
  • Article, Illustration
    Exxon to invest US$500m in petrochem project here
    504 1  -  By Lilian Ang AMERICAN oil giant Exxon is planning to invest in a US$5OO million petrochemical project in Singapore as part of its expansion programme for the Asia-Pacific region. The massive project, another link in the chain of investments in the local
    504 words
  • Article
    Lock icon Baghdad warns of battles in more than one place
    308 1 The Gulf Crisis Agencies IRAQ, renewing its threat to attack Israel and Middle East oilfields if war erupted in the Gulf, told the US yesterday it would be responsible for "the coming fire". Baghdad's declaration that it would "carry the battle
    Agencies  -  308 words
  • Article
    Lock icon US leading economic indicators fall 1.2pc
    169 1 Reuter THE INDEX of leading economic indicators, the US government's main barometer of future trends, declined 1.2 per cent in August in the biggest drop in nearly three years, the Commerce Department said yesterday. The dccline was another sign that the economy is deteriorating
    Reuter  -  169 words
  • Article
    Tokyo falls to three-year low
    143 1 TOKYO stocks yesterday plunged to end at their lowest level since March 1987 after rumours of an outbreak of war in the Gulf dragged down an already battered market. The key 225-share Nikkei index dropped 788.41 points, or 3.62 per cent, to 20,983.50, after falling
    143 words
  • Article
    Inno-Pacific incurs $3.3m interim losses
    371 1  -  By Lilian Ang SADDLED with an unprofitable Shakey's business, fast-food and trading group Inno-Pacific Holdings (IPH) closed the half year ending June 30, with $3.36 million of attributable losses before extraordinary items. The loss was despite a significant rise in group turnover from $92.36 million
    371 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      184 1 Nikon a s£ Th# WWsRnNt MiolograpMc Syrttm. COVER MBM 111 I LIFESTYLE PURSUITS ]Wfr| ~BB~ITNANCE 1 JOBS Chomel in Howtosave Bedroom Bright lights, *J%L C3U^, Vcpc the children. EL 2 takeovers m |/®TV brm»e and the with a bit of lon!f L. <i Tennis events Malaysia. EL 3 Mr r
      184 words
    • Advertisement
      Page 1 Advertisements Column 2
      15 1 Saddam Hussein effect on share issues, Pg 2 Chances of war higher, say analysts Pg7
      15 words
    • Advertisement
      Page 1 Advertisements Column 3
      218 1 NHtOh v 4» v The movement of a watch is dust, dirt and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a totally secure protection for the highest mountains, dived to centuries craftsmen have striven the precision Oyster movement. the depths of the oceans and to
      218 words
    • Advertisement
      Page 1 Advertisements Column 4
      15 1 Other results, Pg 3 w Hotel properties Material Handing Engineering Gold Coin Wepco, Back Pg
      15 words
Page thumbnail Page 2
  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        BP raises petrol prices
        84 2 BRITISH PETROLEUM (BP) has raised its wholesale prices for premium and intermediate petrol by 12 US cents a US gallon. Premium petrol now costs 130 US cents, while intermediate costs 121.5 US cents. Diesel went up by 19 US cents, costing 112 US cents per US
        84 words
      • Article
        Launch of videophone service
        61 2 SINGAPORE Telecom will launch the Videophone Booth on Monday, the world's first commercial public videophone booth service. It operates on the Integrated Services Digital Network (ISDN) where users can see and talk to each other. Singapore Telecom and Videocom Corporation in Japan, a fully-owned subsidiary of
        61 words
      • Article
        HDB's Resale Section
        46 2 FROM Monday, people who wish to register to buy resale flats should go to the Resale Section, and not the Sales Section of the Housing Development Board. The HDB said the Resale Section is located at the HDB Centre at Jalan Bukit Merah.
        46 words
    • Article
      SPH starts printing Nihon Keizai Shimbun from Monday
      222 2 WITH the printing of the Asian edition of the Nikon Keizai Shimbun by Singapore Press Holdings, Japanese media giant Nikkei Group has further integrated its distribution operations worldwide. Starting Monday, Singapore will be Nikkei's fourth printing site outside Japan, after New York,
      222 words
    • Article
      Japan's success due to selective emulation: Prof
      440 2 JAPAN is an economic star while China and other Asian nations continue to struggle because the Japanese have learnt from achievements of other civilisations and adapted these to their own, university don Lim Chong-Yah said yesterday. In a research lecture on The Asian
      440 words
    • Article, Illustration
      Investors remain on the sidelines
      309 2  -  Response to the three latest share issues By Genevieve Cua WITH just a few more days before applications close for three new share issues, investors are still staying on the sidelines. Banking sources say response to financing schemes for the three issues oil refiner Singapore
      309 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      344 2 *md W» Wt <rtw> jjgjg fc Wl fcrtwi Pgrtw «34 >MM j*-** 2 SSmS Ctafcanbong 1/90 K29 alongside 28.09/2300 »"«fjP J**"* E*> Mini 2 R29 alongside 29.09/0600 **">*» Jg Frontier #n 18A13 R33 alongside 29.09/1500 Eg *****1 MIC jongsde 28 09/2300 Hyundai 14 1/90 R32 alongsde 28.09/2300
      344 words
    • Article
      CONTAINER SCHEDULE
      1131 2 BtCtMWG OF EXPORT Fa COWTMWERS AMD LCt CAK60 Record Boottw/Bdanco M> 9# Voy No Etb/Bfr Mod Fran To Fran m llfmm 60S 30/0645 2 28/1700 29/0659 29/0900 H*54 30/2359 2 28/1700 29/0659 29/0900 4 29/1200 29/1459 29/1700 AlLPnde ***** 01/1300 3 29/0700 29/1159 29/1400 4 29/1200 29/1459 29/1700
      1,131 words
    • Article
      IN MALAYSIAN PORTS
      329 2 Pft Ktof South Port on Sep 2fc Lapng berth 1; Ocean Ruby berth 2; Mam Aman berth 3; Melaka Jaya berth 4; Mercury Peart berth 7; Ukas Venture berth 7A. KCT: Anro Australia berth 8; Uni Master berth 9; Anro Khdwtar berth 10. Pfarth Pvt CS Aki
      329 words
  • Page 2 Advertisements
Page thumbnail Page 3
  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      HPL profits up, while ANA still in the red
      493 3  -  By Lee Han Shih THE BUOYANT hotel industry in the first half of this year has boosted the profit of Hotel Properties Ltd (HPL), but, surprisingly, failed to pull loss-ridden ANA Hotels Singapore out of a pool of red ink. Interim
      493 words
    • Article, Illustration
      Khoo Teck Puat raises his stake in Standard Chartered
      238 3  -  By Quak Hiang Whai CONTRARY to market talk that businessman Mr Khoo Teck Puat is planning to sell its stake in Standard Chartered pic, the hotel tycoon has instead increased his shareholdings to 5.48 per cent from 5.23 per cent. The
      238 words
    • Article
      Securities dealer Wong slapped with three additional charges
      368 3 WONG Bark Hoe, a securities dealer already facing eight charges of misappropriating more than half a million dollars, has been slapped with three more charges, including one of cheating. Wong, 35, a dealer's representative at Tsang Ong Stockbrokers, was charged three days
      368 words
    • Article
      Gold Coin's after-tax profit up 42pc
      231 3 DIVERSIFIED group Gold Coin has achieved a 42 per cent increase in profit after tax and minority interests to $4.78 million for the first six months of this year. The feedmill manufacturing and trading company said this was achieved on a 21 per cent
      231 words
    • Article
      Lock icon Market has discounted poor results of plantation firms
      517 3 MARKET TALK Reuter MALAYSIAN PLANTATION firms are feeling the pinch of low commodity prices and are reporting sharp falls in profits for the first half of 1990. But analysts said the poor results would not depress share prices of plantation companies any
      Reuter  -  517 words
    • Article
      MHE hopes Turkey project will help results
      342 3  -  By Magdalene Ng SESDAQ-LISTED Material Handling Engineering hopes to improve its current set of disappointing full-year results with the help of a $5 million turnkey project it won in Turkey. "This project promises an exciting start for the new financial year and lends
      342 words
    • COMPANY BRIEFS
      • Article
        Acma posts $4.16m profit at half time
        69 3 ACMA Electrical Industries yesterday reported a group operating profit of $4.16 million for the six months ending June 30, a turnaround from a $3.47 million loss in the same period last year. Earnings per share was 7.5 cents. The group attribut-, ed the
        69 words
      • Article
        Harimau's earnings tumble
        62 3 HARIMAU Investments posted a 71.24 per cent drop in group earnings to $426,000 on a 44.32 per cent fall in turnover to 1.44 million for the six months ended Jun 30, 1990. Earnings per share was O.BS cents. The poorer earnings was caused by the trading loss
        62 words
      • Article
        Singapore Fodder incurs loss
        48 3 SINGAPORE Fodder Company yesterday announced a group loss of $209,000 on a turnover of $850,000 for the six months ending June 30 1990. Loss per share was 2.09 cents. Its directors said they do not expect sales to pick up during the current half.
        48 words
      • Article
        Oei is SingLand's CEO
        32 3 SINGAPORE Land has confirmed the appointment of Mr Oei Hong Leong as president and chief executive officer of the company at its extraordinary general meeting on Sep \S.
        32 words
      • Article
        SPK in tie up with Y & O
        73 3 SPK in tie up with Y O SYARIKAT Permodalan Kebangsaan Berhad (SPK) will en- ter into a joint venture with Singapore's Y&O Investment tp develop the Batu area in the Federal Territory into a golf course and a housing scheme. SPK executive chairman, Datuk Abdullah Ahmad, said yesterday that the
        73 words
    • Article
      Prospects for Telekom M'sia 'good'
      367 3  -  From William Chia in KUALA LUMPUR TELEKOM Malaysia, which launched its public share offer earlier this week, should have good growth prospects because the ratio of telephones to the number of people in Malaysia is still low compared with the developed countries. Miss Fadzillah Deen,
      367 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      98 3 PROPERTY With the property market seeking direction in the wake of the Gulf crisis, an evaluation of its performance past, present and future is precisely what's needed right now. In BT's 28-page property and construction supplement, industry experts tackle tough questions like: What will the next IS months bring? Which
      98 words
Page thumbnail Page 4
  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Sentencing put off for Milken; new hearing
        101 4 A FEDERAL JUDGE in New York put off the Monday sentencing of Michael Milken yesterday and ordered an extraordinary hearing to consider the unadmitted crimes alleged by the government against the junk-bond financier. US District Judge Kimba Wood said she would hold a
        101 words
      • Article
        SEC sues Pickens, Mesa
        79 4 THE Securities and Exchange Commission sued Texas oilman T Boone Pickens and one of his concerns on Thursday for allegedly selling stock in a mining company after his announced plans to acquire it drove up the share price. Without admitting or denying wrongdoing, Pickens and Mesa
        79 words
      • Article
        Aussie bourses end floor trading
        67 4 DEALERS called out their final buy-and-sell orders yesterday before the Australian Stock Exchange halted floor trading in flavour of a computerised system. The stock exchange's board decided on Tuesday to close the trading floors in Sydney, Melbourne and Brisbane after a side-by-side trial of both
        67 words
      • Article
        Joyce Boutique goes public
        79 4 JOYCE BOUTIQUE HOLDINGS LTD, a group of 23 luxury clothes shops in Hongkong, will offer 65 million new shares to the public at HKSI.2O each, managing director Joyce Ma said. Hoare Govett in Hongkong, the issue's sole lead underwriter, forecast Joyce earnings per share of 17.2
        79 words
      • Article
        Laura Ashley closes 6 factories
        69 4 LAURA ASHLEY, British fashion house famous for its quaint floral dress prints and household fabrics, said on Thursday it was closing six factories in Wales and Ireland and firing up to 1,500 workers to stay in business. Company chairman Bernard Ashley said the clothes, home
        69 words
    • Article
      Lock icon Volvo-Renault tie-up gets Sweden's approval
      338 4 Reuter THE SWEDISH government on Thursday gave the go-ahead for a pact between Volvo and France's Renault, paving the way for the creation of the world's largest heavy trucks group and one of its biggest car makers. The approval appeared to hinge on a promise
      Reuter  -  338 words
    • Article
      Lock icon Bond holders approve sale
      186 4 AFP BOND HOLDERS in Bond Corporation Holdings voted to approve the Australian company's planned sale of its brewing assets yesterday, the day after Alan Bond resigned as chairman. The decision in London by holders of dollar-denomi-nated bonds follows a vote in favour by sterling bond holders
      AFP  -  186 words
    • Article, Illustration
      Lock icon Polly Peck's silence prompts speculation
      338 4 AFP POLLY PECK International, one of Britain's top 100 companies before trading in its shares was suspended a week ago, continues to hog the headlines in the British press despite a deafening silence from its beleaguered board. The board promised a statement "in due course"
      AFP  -  338 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      1573 4 I Jttfcl \rsm\ CREDIT LYONNAIS Head omce: 19, bd des itaiiens, ***** Pam. Consolidated Balance Sheet Report of the Statutory Auditors Registered Office: Lyon. at 31 December On the Consolidated Accounts Singapore Office: 65 Chulia Street *37-01, OCBC Centre, Singapore 0104. Tel: *****77. In accordance with the engagement conferred on
      1,573 words
Page thumbnail Page 5
  • FINANCIAL NEWS
    • Article, Illustration
      Rough ride ahead for car insurance industry
      393 5  -  By Abdul Hadhi BUMPIER TIMES ahead have been predicted for the already beleaguered local car insurance industry, with growth in premiums likely to be flat starting this year. In an in-house newsletter, Mr lain Reid, general manager at Norwich Winterthur Insurance (NWI), said
      393 words
    • Article, Illustration
      Lock icon FDIC raises insurance premiums for banks by more than 60pc
      464 5 AP THE FEDERAL Deposit Insurance Corp raised the insurance premium for commercial banks by more than 60 per cent on Thursday in a move aimed at bolstering its deteriorating insurance fund. Starting next year, the rate will be 19.5 cents
      AP  -  464 words
    • Article, Illustration
      US$/DM: Bearish triangle seen
      569 5 The US dollar was in the consolidation phase, says DBS Bank in its weekly technical analysis of major currencies IT WAS an uninteresting week for the USS/DM exchange rate as trading was confined to a narrow band of 1.5530 to 1.5835. The USS/DM rate failed to
      569 words
    • Article
      Lock icon Reforms to make Canadian finances more competitive
      309 5 Reuter LEGISLATION reforming Canada's financial services will make the industry more competitive as institutions make acquisitions and expand their product lines, analysts said. Acquisitions are not imminent, however, as institutions are not prepared to make huge capital expenditures with recession on the horizon,
      Reuter  -  309 words
    • Article
      Lock icon Gulf banks' access to funds improves
      224 5 Reuter GULF BANKS are still feciing the pinch following Iraq's Aug 2 invasion of Kuwait and with the continuing threat of war in the region, but their access to funds has improved over the past week. Gulf broken and dealers «*iH that more banks
      Reuter  -  224 words
    • SMALL CHANGE
      • Article
        Sterling in ERM? Check the gilt market
        86 5 THE LONG-TERM UK government bond market may b# an indicator of when sterling is ready to enter the exchange-rate mechanism (ERM) of the European Monetary Alan Walters, former economic adviser to British Prime Minister Margaret Thatcher. Mr Walters, speaking at conference in London,
        86 words
      • Article
        German bank to close HK unit
        113 5 TROUBLED West German bank Bank fuer Gemeinwirtschaft said it will close its Hongkong-based financing, unit BfC Finance Asia Ltd as part of its strategic restructuring plans. A BfC spokesman said in reply to queries the doftire was part of a reduction of the bank's
        113 words
      • Article
        HK Bank to boost Indon units
        77 5 THE Hongkong and Shanghai Banking Corp Ltd has boosted capital at its branches in Indonesia by HKSU3 million,in a bid to expand business there, the bank said in a statement. The bank first opened an office in the then Dutch East Indies in 1884.
        77 words
      • Article
        EC to banks: Improve service
        57 5 THE European Community executive commission called on banks to improve slow and costly transfers of money apross EC borders. "We cannot accept it should be so difficult and expensive for individuals and businesses to transfer relatively small sums of money elsewhere," Financial Services commissioner Sir
        57 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      88 5 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
      88 words
  • Page 5 Miscellaneous
Page thumbnail Page 6
  • THE REGION
    • NOTE BOOK
      • Article
        Sixteen convicted in Benigno Aquino murder
        102 6 A PHILIPPINE court yesterday convicted 16 people of murdering President Corazon Aquino's husband at the Manila airport and acquitted 20 others in the 1983 slaying. The assassination of Senator Benigno "Ninoy" Aquino in broad daylight on his arrival home from self-imposed exile in the
        102 words
      • Article
        Baker to meet Viet minister
        64 6 AMERICAN Secretary of State James Baker will meet Vietnamese Foreign Minister Nguyen Co Thach today for the highest-level meeting between the two nations since the Vietnam war, the State Department announced on Thursday. A statement said Mr Baker had decided on the move in recognition
        64 words
      • Article
        Asean team to visit Europe
        62 6 AN ASEAN delegation led by Indonesia will leave for Europe next week on a campaign to counter allegations of 4*<prest mismanagement in the Asean region. Indonesian Minister of Forestry Hasrul Harahap will lead the mission to Belgium, West Germany, the Netherlands, England and France in
        62 words
      • Article
        Macau governor resigns
        94 6 PORTUGUESE President Mario Soares on Thursday accepted the resignation of Carlos Melancia, the governor of the Portuguese enclave of Macau, following charges of corruption made against him. A statement from the president's office, released after a meeting between Mr Soares and Mr Melancia, said that the resignation
        94 words
      • Article
        Aircraft refuellers end strike
        90 6 AUSTRALIAN aircraft refuellers voted to return to work yesterday, ending a strike that crippled airline schedules for three days and stranded thousands of passengers. The two major domestic airlines, Ansett and Australian, cancelled 200 .flights on Thursday and also had cut back yesterday's schedule. The strike
        90 words
      • Article
        More flyovers for Bangkok
        62 6 THAI authorities have approved a project to build 10 new traffic flyovers in the heart of the Thai capital to ease heavy traffic congestion, a city official said on Thursday. The Bangkok Metropolitan Administration official said that city governor Chamlong Srimuang on Wednesday granted a 2.3
        62 words
    • Article
      Lock icon Manila reduces planned cuts to 1991 budget
      498 6 AFP THE Philippine government on Thursday scaled down earlier plans to trim the 1991 budget of government agencies by 20 per cent, saying the targeted cuts could now be between 10 per cent and 1S per cent of the total. Meanwhile, the country's
      AFP  -  498 words
    • Article
      Lock icon Phnom Penh calls for council meeting to discuss end to civil war
      460 6 Reuter THE Phnom Penh government said yesterday Cambodia's new national council should meet again and discuss a ceasefire in the civil war rather than squabble over who chairs its meetings. "We believe we should go ahead. We believe
      Reuter  -  460 words
    • Article
      Lock icon NZ economic outlook worsening
      308 6 Reuter NEW ZEALAND business confidence has deteriorated and business people have raised their expectations of inflation in a year's time, the National Bank of New Zealand Ltd's latest business survey said. Respondents in the September survey see annual inflation running at 7.1 per cent a year
      Reuter  -  308 words
    • Article
      Lock icon M'sians gaining access to vast new markets
      167 6 Bernama VAST previously untapped markets in Africa and Latin America are opening up for Malaysian exporters as the government initiates arrangements for special trade financing facilities. These countries provide great potential for Malaysia to expand and diversify its markets, but trade and investment
      Bernama  -  167 words
    • Article, Illustration
      New route round Bangkok's traffic jams
      47 6 Bangkok commuters riding on a lonn-tail boat along a canal in central Bangkok. The newjVJl 'SJ B on canal, which can save two-thirds of the time a bus journey can take, was packed on its first da> of operation on Thursday.
      47 words
    • Article
      S Koreans create openings in crisis
      482 6  -  From Al O Labita IN MANILA MORE THAN a few foreign businessmen have pulled out or slowed their investments in the Philippines, shaken by the effects of the July 16 earthquake, the string of bombings and other factors. But not the South Koreans. Like
      482 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      162 6 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of sush Interest to our readers that they demand more spade and more research than can be given in our dally reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap
      162 words
Page thumbnail Page 7
  • THE WORLD
    • Article
      Lock icon Gorbachev issues first order under new powers
      399 7 AP SOVIET President Mikhail Gorbachev has begun using his sweeping new powers to rescue the collapsing Soviet economy, ordering businesses to fulfill supply contracts and the government to ensure distribution. But it was far from clear that people would comply with his order.
      AP  -  399 words
    • Article
      Lock icon Bonn and Moscow close to loan accord
      398 7 Reuter WEST GERMAN banks and the Soviet Union are on the verge of agreeing on a 1.5 billion mark loan that will cover exports of German goods, a spokesman for the banks' export credit organisation said in Frankfurt. 'The contract is not yet
      Reuter  -  398 words
    • Article
      Lock icon Poland gets sympathy but not action on debt
      214 7 Reuter POLAND has received much sympathy, but little action, over its US$4O billion foreign debt at the International Monetary Fund and World Bank meetings, Finance Minister Leszek Balcerowicz said in Washington. "There is considerable progress as far as understanding of the need
      Reuter  -  214 words
    • Article
      Lock icon Chances of war now higher: analysts
      491 7 AP THE LIKELIHOOD of a Gulf war has grown significantly as sanctions and international condemnation push Saddam Hussein into a corner with no diplomatic escape, European and Israeli military analysts say. But there is still a chance for peace because the sanctions are only
      AP  -  491 words
    • Article, Illustration
      An audience away from home
      29 7 The Gulf Crisis The former Kuwaiti head of state Sheikh Jabar Al-Ahmad Al-Jabbar Al-Sabah reacts to applause after addressing the United Nations General Assembly.
      29 words
    • Article, Illustration
      Lock icon US budget negotiators optimistic
      291 7 Reuter HOPES ROSE on Thursday of an agreement to cut US$5O billion from the US budget deficit before a midnight deadline tomorrow triggers chaotic cuts in governments services that could cripple many services,' including air travel. Failure to reach agreement or to pass stopgap spending legislation
      Reuter  -  291 words
    • WORLD WATCH
      • Article
        Tokyo to seek Seoul's understanding
        91 7 JAPAN will explain to South Korea its unfolding rapprochement with North Korea and seek Seoul's understanding of the development, Prime Minister Toshiki Kaifu said yesterday. Mr Kaifu also said he planned to visit South Korea. "South Korea is one of the countries where I have
        91 words
      • Article
        Moscow offer to Lithuania
        85 7 ij SOVIET Prime Minister Nikolai Ryzhkov proposed'on Thursday that negotiations between Moscow and Vilnius on Lithuania's bid for independence begin on Tuesday, the semi-official news agency Interfax said. Mr Ryzhkov made the offer in a telephone call to Lithuanian Prime Minister Kazimiera Prunskiene on the instructions
        85 words
      • Article
        Japan's inflation up in August
        89 7 JAPAN'S inflation rate in August rose by 0.5 per cent Over July and by 2.9 per cent in the year to August, the Management and Coordination Agency said yesterday. Consumer prices only rose by 0.1 per cent in July over the previous month and by
        89 words
      • Article
        Jaruzelski's term shortened
        91 7 POLAND'S Parliament has paved the way for General Wojciech Jaruzelski's quick departure from the presidency and his possible replacement by Solidarity leader Lech Walesa before Christmas. The Sejm (Lower House), in a step that will hasten Poland's transition to full democracy, approved legislation on Thursday to cut
        91 words
      • Article
        Judge Souter gets the nod
        61 7 THE Senate Judiciary Committee in Washington has Approved President George Bush's nomination of Judge David Souter to the Supreme Court, virtually assuring approval by the full Senate and a conservative majority on the bench. Judge Souter was approved by a vote of 13 to one,
        61 words
      • Article
        E German revival 'takes time'
        87 7 THE transformation of the East German economy into a free market system will take time, Bundesbank president Karl Otto Poehl said in Washington. Speaking to economists, Mr Poehl painted a bleak picture of the current East German economic situation. Industrial production had fallen by over
        87 words
    • Article, Illustration
      Lock icon Global economy can weather the storm, say ministers
      374 7 AP FINANCE MINISTERS have concluded their annual meetings in Washington with assurances that the global economy can weather the impact of the Gulf crisis with sensible strategies and a little help from friends. One of those policies is to pass along oil
      AP  -  374 words
    • Article
      Lock icon Plan allows tripling of sales from US strategic oil reserves
      363 7 AP A HOUSE subcommittee chairman moved on Thursday to allow a tripling of President George Bush's first oil sale from the government's Strategic Petroleum Reserve. The move came after Energy Secretary James Watkins said the planned five-million-barrel sale would have
      AP  -  363 words
Page thumbnail Page 8
  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Stocks fall on wide front on poor overseas leads
      3633 8  -  By Quak Hiang Whai SHARE PRICES on the Singapore market fell across the board on selling pressure yesterday following a weaker close on overseas markets and rumours that hostilities had broken out in the Gulf. Dealers said there was some panic
      3,633 words
Page thumbnail Page 9
  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4103 9 Main Board S Land Wits 200 32 +19.0% UCH 230 23 +11.1* Chern Ind 235 +15 +6.8* Kings 227 +12 +5.6* OUE 515 +10 +2.0* Jurong Eng 50* 190+9 +5.0* Kim Eng 25* 110 +8 +7.8* Sum ma Inv 91 +6% +7.7* UOBWt 195 +6
    4,103 words
Page thumbnail Page 10
  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Index falls below 460 for first time since Aug '89
      3717 10 Bernama. MBT SHARE PRICES in Kuala Lumpur continued to weaken in lacklustre trading yesterday in line with the sharp drop in Tokyo with the key Kuala Lumpur Stock Exchange indicator posting a new 1990 low for the fifth straight day
      Bernama.; MBT  -  3,717 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      103 10 FOR WHO, WHAT, WHERE AHD WHEH ft 111 THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends
      103 words
Page thumbnail Page 11
  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares sink to 42-month low on panic selling
      2271 11 Reuter TOKYO stocks closed sharply lower yesterday after rumours that the British Broadcasting Corp (BBC) had reported the outbreak of war in the Gulf hit the market in the early afternoon. Despite an official BBC denial, panic selling drove the Nikkei Average
      Reuter  -  2,271 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks end easier but off day's lows on late rally
      2283 11 Reuter HONGKONG STOCKS ended only slightly easier yesterday after late buying boosted the market's blue chip stocks gauge off the lows, brokers said. The Hang Seng Index closed 7.13 points down at 2,760.82, well above the day's low of about
      Reuter  -  2,283 words
Page thumbnail Page 12
  • REGIONAL STOCK MARKETS
    • Aussies end open outcry on high note
      • Article
        Untitled
        86 12 Clow Previow Sep 28 SYDNEY All Ordinaries Index 1396.1 1394.2 +1.9 All Industrials Index 2047.4 2043.5 +3.9 All Resources Index 884.5 884.1 +0.4 Turnover (million) 103.28 75.92 +27.36 BANfiWOfi SET Index 641.56 630.17 +11.41 Turnover (nearest '000) 27,232 NA JAKARTA Composite Index 468.51 454.51 +14.00 Turnover (nearest 000) 5.550 2.660
        86 words
      • Article
        AUSTRALIA
        877 12 AUSTRALIAN SHARES finished slightly firmer yesterday on strong demand for blue chip stocks and end of quarter window dressing, despite a plunge on the Tokyo market. The AH Ordinaries index closed 1.9 points firmer at 1396.1. Brokers said yesterday's trade, which marked the end of the open outcry system
        877 words
      • Article
        MANILA
        542 12 PHILIPPINE SHARES recovered a little on slight buying yesterday after traders decided that prices had fallen to levels ripe for a technical rebound. The Manila Stock Exchange composite index closed 2.53 points higher at 546.55 to break a six-day fall. 'This rally is just a breather," said Louie Bate,
        542 words
      • Article
        NEW ZEALAND
        282 12 NEW ZEALAND shares yesterday de- fied Wall Street's 32-point fall to end higher on healthy turnover prompted by some end-of-quarter book-squaring. Brokers said the 13.22-point rise on the Barclays index estimate to 1,469.30 was encouraging, given the local market's previous slavish responses to declines on overseas bourses. There
        282 words
      • Article
        JAKARTA
        584 12 TURNOVER ON the Jakarta stock exchange yesterday jumped to 5.55 million shares from Thursday's 2.66 million and the index rose to 468.51 from the previous 454.51. Paper producer Tjiwi Kimia dominated the regular market at 245,000 shares, ending 100 rupiah higher at 11,100. Nickel producer Inco ranked second at
        584 words
      • Article
        SEOUL
        814 12 SEOUL STOCKS rose in thin trading yesterday, due largely to buying by the market stabilisation fund which is pooled mainly from contributions by financial institutions. The composite index closed at 597.67, up 4.22 points from the previous session. Turnover was 80.4 billion won against 91.6 billion on Thursday's close.
        814 words
      • Article
        BANGKOK
        666 12 THAI STOCKS ignored steep losses in Tokyo yesterday to dose higher for the second straight day on active bargain hunting by individual investors and a brokers-backed fund, brokers said. The SET Index rose 11.41 points to close at 641.56 on moderate trade. Bangkok Bank rose six baht to 327,
        666 words
      • Article
        BOMBAY
        66 12 BOMBAY SHARE prices recovered on Thursday after an initial setback. But absence of the state-owned mutual funds from the market added to a subdued mood, and volumes were low because few investors wanted to take positions ahead of a market holiday. Trading will resume on Monday. The Bombay Stock
        66 words
      • Article
        Lock icon TAIPEI
        268 12 Reuter THE TAIPEI market was closed yesterday due to the Teacher's Day holiday. Taipei Sep 27 NTS All Sincere Indus. 7.40 unch Asia Cement 48.30 +0.1 Cathay Construe 42.00 +0.3 Cathay Ufe Ins 212.00 -I Chang Hwa Bank 171.00 -2 Chen Shin Rubber 30.00 -0.3 Cheng Loong 16.10 +0.1
        Reuter  -  268 words
      • Article
        Untitled
        295 12 Ia total camacy la SI la USI day year day year day yaar Sep 27 lade» cfcaat chaat cha—e tk a—t <*— <*—t World 336.4 0.0 -27.6 -0.7 -30.2 -0.5 -24.7 tEAFE 443.4 -0.5 -34.9 -I.I -35.5 -0.9 -30.4 Europe 355.9 0.3 -21.0 0.4 -18.0 0.6 -11.6 Pacific 718.5 -1.2
        295 words
  • Page 12 Advertisements
Page thumbnail Page 13
  • WORLD STOCK MARKETS
    • Dow slides on renewed Gulf war fears
      • Article, Illustration
        NEW YORK
        1075 13 RISING OIL prices caused by increased tensions in the Middle East sent Wall Street stocks sharply lower on Thursday. The Dow Jones Industrial Average closed down 32.17 points at 2,427.48. Volume was an active 184 million shares on the New York Stock Exchange where declining shares outpaced advancers
        1,075 words
      • Article, Illustration
        LONDON
        750 13 SHARE PRICES closed higher on London's Stock Exchange on Thursday but well under the day's best level, as a technical rally faded following a drop on Wall Street. The New York market moved from an initial strong start to a sizeable decline while the London market was in session,
        750 words
      • Article
        AMSTERDAM
        375 13 DUTCH SHARES opened lower in thin trade yesterday, following another sharp fall in Tokyo where share prices are down to levels last seen in March 1987. The CBS trend index opened 1.1 lower at 93.0, a fall of less than a third of that in Tokyo, where shares lost
        375 words
      • Article
        Untitled
        376 13 Brussels Sep 27 Francs FORWARD MARKET Acec 2900 -30 Aibed 3230 +95 Astur 1100 -98 Brascan 432 -16 Canpac 490 -18 Cock 151 -2 De Been 5% +4 Ebes 3870 +30 Gb-lnno-Bm 1208 -16 Gevaert 7150 +50 Gr Bru Lamb 3245 -5 Hobok Petro ***** +100 Ryl Dutch 2505 -30
        376 words
      • Article
        MILAN
        270 13 DISAPPOINTING FIRST half results for Fiat and Montedison and the weakness of other European bourses combined with the continuing Gulf uncertainty to push Milan share prices down in thin early trading yesterday, brokers said. "The overall anxieties have been accentuated by the results of the big groups," said one
        270 words
      • Article
        PARIS
        272 13 FRENCH SHARES opened lower yesterday and continued to slide, with developments in the Gulf keeping prices under pressure and operators unwilling to stake out new positions ahead of the weekend. The CAC-40 index opened at 1,514.21, 9.74 point down on the previous night, and slipped to 1,499.33 by 0829
        272 words
      • Article
        FRANKFURT
        225 13 WEST GERMAN shares were quoted sharply lower in thin pre-bourse trading yesterday, with operators very nervous in the wake of losses on Wall Street and in Tokyo and very worried again about the Gulf crisis. Dealers expected prices to remain lower during the bourse session, with most operators unwilling
        225 words
      • Article
        ZURICH
        263 13 SWISS SHARES traded easier but above lows at midsession yesterday. Dealers said early trading had been hectic as the steep fall in Japanese share prices and Wall Street's poor showing last night sent shockwaves through the market. The all-share SPI Index fell 16 point or 1.75 per cent to
        263 words
      • Article
        Lock icon TORONTO
        312 13 Reuter TORONTO STOCKS on Thursday recovered slightly from a midday dive on programme buying in New York, dealers said. Shares dipped in the early afternoon when the US Navy stopped an Iraqi oil tanker in the Red Sea after firing across the ship's bow, they added. The composite index
        Reuter  -  312 words
      • Article
        Untitled
        83 13 Sep 27 CIom Pmi— NEW YMK Dow Jones 2427.48 2459.65 -3117 NYSE Financial 107.38 110.30 -2.92 SAP 500 300.97 305.06 -4 09 Turnover (million) ***** 155.57 +27.12 LONDON Financial Times 30 1541.1 1532.6 +15.5 FTSE 100 2009.1 2000.0 +9.1 Turnover (million) 424.8 410.3 +11.5 AMSTERDAM CBS General 170.0 170.5 -0.5
        83 words
  • Page 13 Advertisements
Page thumbnail Page 14
  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon Greenback firmer against major currencies in lethargic trade
      1221 14 1 FOREX MARKET REPORTS Reuter THE US DOLLAR yesterday ended steady against the yen but firmer against most other major currencies after a stagnant trade due to yesterday's half-year corporate book closings. "It's a typical book-closing market, with many participants just killing
      Reuter  -  1,221 words
    • Article
      INTERBANK FOREX RATES
      381 14 Cross rates sep28 USS SS MS Dm Yen SFr AJ NZS USS 1.7620 2.7000 1.5636 137.80 0.5329 1.2960 1.2070 1.6234 SS 0.5675 1.5323 0.8874 0.7821 0.3024 0.7355 0.6850 0.9213 MS 0.3704 65.26 0.5791 0.5104 0.1974 0.4800 0.4470 0.6013 Dm 0.6395 1.1269 1.7268 88.13 0.3408 0.8289 0.7719 1.0382
      381 words
    • Article
      FINANCIAL FUTURES
      1567 14 SIMEX nwoooujur j Open High Low Sett Est Vol OjVInt Vol Dcc 90 91.91 9L92 9LM 9L89 9100 ***** ***** Mar 91 91.98 91.98 91.93 91.94 3500 8370 5075 Jun 91 91.85 91.85 91.81 91.83 700 2140 641 Sep 91 91.62 91.62 91.58 91.58 180 619 365 Dcc
      1,567 words
    • Article
      MONEY MARKET
      562 14 'Interbank rates SS Bid Oflcr I Overnight 6 3/4 7 .1-month 6 9/16 6 11/16 2-month 6 9/16 6 11/16 3-month 6 9/16 6 11/16 mode 7-3/8 I ius* bm oifcf \l days 8 3/16 8 5/16 I <1 month 8 3/16 8 5/16 *2 months 8 3/16
      562 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • COMMODITIES
    • Article
      Lock icon US oil firms hail stockpile test sale
      415 15 Reuter A TEST of the US emergency crude oil stockpile is crucial to meeting American needs in case of severe supply shocks, but the impact on oil and product prices is far less certain, US oil companies say. "It's a very prudent move
      Reuter  -  415 words
    • Article
      Lock icon Coffee producers agree to extend pact
      401 15 Reuter THE 50 exporting members of the coffee pact have agreed it should be extended in its current administrative form for one year to end-Septem-ber 1992, Rene Montes of Guatemala told journalists. A resolution approved by the group at International Coffee Organisation (ICO) tallcs
      Reuter  -  401 words
    • Article
      KL tin rises 55 sen on higher LME close
      850 15 REPORTS THE PRICE of tin on the Kuala Lumpur tin market rose another 55 sen yesterday to an eight-week high of M 516.26 per kg in line with the higher London Metal Exchange overnight. Dealers said the trade was shocked by
      850 words
  • Article
    PRICES
    1300 15 miPPCr Sep 28 ■MfleHnbataa) S cenU/Vi Noon Oo>e Int I RSS Prompt I58.00/159.00N I56.7V157.75N Int t RSS Oct 90 158.50/159.00 I57.25/I57.75N Int 1 RSS Nov 159.25/159.75 157.7V158.25N Int 2 RSS OP 152.50/154.50N 152.00/154.00N Int 3 RSS OP I48.00/150.00N 147.50/149.50N Int 4 RSS OP 144.00/I46.00N 143.50/145.SON Int 5 RSS OP
    1,300 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      15 15 Read Chartpoint, a guide to investing in the stoek market. Every Saturday in Business Times.
      15 words
    • Advertisement
      Page 15 Advertisements Column 2
      845 15 NOTICES MOCK ANN HOLDMOS PRIVATE UMfTEO LOSS OF SHARE CERTIFICATES The WtowtnQ ordinary share certificatel h»re been reported lost or destroyed: Certificate No. in the Name o< Mo. o( Sheree 201 Tan Yaan Guar Andrew 16,000 222 do 11.000 223 dO 11.000 NOTICE IS HEREBY GIVEN that it wrthin fourteen
      845 words
Page thumbnail Page 16
  • Article
    Lock icon Bond incurs biggest loss in Aussie corporate history
    306 16 A52.25b setback eclipses Elders IXL's record Reuter TWO DAYS after Alan Bond resigned as chairman, his embattled Bond Corporation yesterday reported an annual net loss of A 52.25 billion, the largest in Australian corporate history. The loss eclipses the previous record of
    Reuter  -  306 words
  • Article
    Lock icon Elders NZ$972m loss is New Zealand's largest
    219 16 AFP ELDERS Resources NZFP Ltd reported yesterday the biggest loss in New Zealand corporate history, posting a net loss of NZ5972.2 million in the year to June 30. The loss included abnormal and extraordinary losses of NZ$l.l billion. Before these losses, the forestry
    AFP  -  219 words
  • Article, Illustration
    The quiet tennis king
    578 16  -  Edberg arrives for match with Chang B* Paul Ramani THE PRESENT king in men's tennis and reigning Wimbledon champion Stefan Edberg, 24, does not believe he is a star. In fact, the thought of hundreds of doting fans following him around really makes him cringe. "I
    578 words
  • Article, Illustration
    Lock icon Western-style painted fence goes up in Moscow
    44 16 For the first time in Moscow, a colourful, western-style painted fence has been set up along a road to hide work in progress. The naite painting shows daily life in the Soviet Union. Renter picture Reuter picture
    Reuter picture  -  44 words
  • Article
    Wepco in the red for first time since Sesdaq listing
    262 16  -  By Magdalene Ng SESDAQ-LISTED Wepco has slipped into the red for the first time since it was listed in mid-1987, posting an interim loss of $902,000 for the six months ended June 30, 1990, from previous earnings of $394,000. Reporting
    262 words
  • Article
    Lock icon Razaleigh confident of winning elections
    348 16 Reuter TENGKU Razaleigh Hamzah, the Malaysian prince and Opposition leader, said in Kota Baru yesterday that he is set to sweep half the Malay seats in coming elections and topple his archrival, Prime Minister Datuk Sen Dr Mahathir Mohamad. Tengku Razaleigh said his Semangat 46
    Reuter  -  348 words
  • Article
    Lock icon World property markets fall
    412 16 Tight credit main reason for unprecedented depression Reuter PROPERTY is a cyclical business in every country, but for the first time investors and real estate companies worldwide are riding the same viciously plunging rollercoaster, share analysts said. "For so many real estate markets to fall together
    Reuter  -  412 words
  • Article, Illustration
    Investing in E Germany: high risks and returns
    354 16  -  By Hong Lee Tiam HIGH RISKS with the promise of high returns that was the message Dr Raincr Veit, a Deutsche Bank economist has for those keen to invest in the new, freemarket economy of East Germany. Dr Veit, the first vice-president
    354 words
  • Article
    Lock icon HK Bank cuts GDP forecast to 2.5pc
    227 16 Reuter THE Hongkong and Shanghai Banking Corp Ltd has revised downwards its forecast for real growth in Hongkong's Gross Domestic Product to 2.5 per cent for 1990 from the 3.0 per cent forecast in December. The economic trough that set in early in
    Reuter  -  227 words
  • Page 16 Advertisements
Page thumbnail Page 17
  • Executive Lifestyle
    • Article, Illustration
      Chomel in Versace-land
      968 17  -  Jaime Lye finds herself in the high fashion world of Gianni Versace, and doesn't know what to do Jaime Lye HAVE you seen that dress?" What dress? 'That S 10,000 dress, the one slashed from here to there, that highlight of Gianni Versace's fall collection? THAT one,
      968 words
    • STRAWS IN THE WIND
      • Article
        Anybody's guess
        37 17 LIKE THEY SAY, practise what you preach. A press advisory reached us stating that a forum on the topic Uncertainty in the '90s had to be rescheduled. As for the new date, they weren't sure.
        37 words
      • Article
        Grassroot woes
        25 17 SOME PBOPLE were reported to be worried about a shortage of space for treeplanting. Who are they? Grassroot leaders from Lallang oops, Kallang.
        25 words
      • Article
        Banana boots
        68 17 ACCORDING TO the South China Morning Post, Mr Hu Ping, China's Minister of Commerce, was livid when a pair of "real leather" shoes he bought for HKSB2 "peeled apart like a banana" in less than a day. Now, the Ministry of Light Industries is holding an exhibition of
        68 words
      • Article
        Missing act
        89 17 THERE'S ONE READER who writes very intellectual letters to the editor, which we would have printed if not for his address, which turned out to be the Mechinta nightclub in Johor Baru. It's not that the place is frowned upon; it's just that when we checked, we found
        89 words
    • OPINIONS
      • Article, Illustration
        Premier events need tip-top organisation
        809 18  -  David Gabriel went to see the tennis queens play. The matches were great but the planning behind the evening was a disappointment David Gabriel David Gabriel is a senior correspondent with BT. I '1 HE Queens of Tennis event last Saturday offered spectators two sharply
        809 words
      • Article, Illustration
        Lock icon How to save the children
        776 18  -  Robert Heilbroner on what we can do for the young Robert Heilbroner Robert Heilbroner is a former professor of economics at the New School for Social Research. He has lectured and written widely on poverty and development. IHT SOMETHING unprecedented is at hand. This weekend,
        IHT  -  776 words
      • Article
        Too few trees and too many people
        858 18  -  Tan Kee Wee argues that there is more to the environmental crisis than meets the eye Tan Kee Wee Dr Tan Kee Wee is a research fellow on environmental economics at the Institute of South-East Asian Studies. WHENEVER I contemplate the on-going arguments
        858 words
      • Article
        SIA is not flying to Europe via Dubai
        134 18  -  LETTERS TO THE EDITOR Karmjit Singh Asst Director Corporate Affairs Singapore Airlines limited CONTRARY to the BT report "Some airlines resume flights to Dubai" (Sep 18X SIA is not restoring its "10 weekly scheduled (European) flights via Dubai from Oct 28". Since
        134 words
      • Article
        Please improve SBC Text editing
        152 18  -  D W Distant SBC Text's newsflash on page 110 on the moming of Sep 23 read "China considers setting up Gulf aid fund with World Bank". But the detailed report on page 121 indicated it was Japan, not China. In the past I would phone
        152 words
    • EPICURE
      • Article, Illustration
        Lock icon Dream of the pink chamber
        840 20  -  Quek Swee Peng steps into a Sichuan stronghold Quek Swee Peng IT IS OFTEN quite hard for restaurants, away from the business district and shopping localities, to build up a regiment of regulars. The task seems even more hazardous when competition from the growing number
        Punch  -  840 words
    • LIFESTYLE 1
      • Article, Illustration
        A disciplined merriment
        522 19  -  P Y Van finds the Vienna Boys' Choif enchanting P Y Van THE Vienna Boys' Choir brought that distinctive taste of Vienna to the Mandarin Ballroom on Tuesday night with their version of Ziehrer's comic operetta Das ist Wien. In a dinner concert presented by Piaget, the
        522 words
      • Article, Illustration
        From Russia with oomph
        476 19  -  Paul Ramani discovers that beauty knows no political barriers Paul Ramani LETS LOOK AT IT this way. If you want to promote a country, you don't use pictures of a polluted river, even if it happens to be the local landmark. So it is with Russia.
        476 words
      • Article, Illustration
        The Bar — England at your doorstep
        345 19  - The Bar England at your doorstep By Paul Ramani BIG BEN is in Singapore. Not to help you to tell the time, but to help you see double, if you have enough of it. This Big Ben has no springs or mechanisms just vodka, malibu, cream de banana, orange juice
        345 words
      • Article, Illustration
        Lock icon Executive sweets
        465 19  -  William Chia goes behind the Malaysian scene to find some bedroom takeovers in progress William Chia IF YOLPVE EVER aspired to be the constant companion of a Malaysian tycoon and assert your rights at the same time, now's your chance. With the Gulf crisis knocking their companies down
        Punch  -  465 words
      • Article, Illustration
        Lock icon Unclogging arteries
        1062 21  -  Evidence from a US study shows that a very, very low-fat diet can unplug arteries, writes Marian Burros Marian Burros NYT WITH the recent publication of a year-long study of 41 patients with severe heart disease, Dr Dean Ornish of the University of California at San Francisco has
        NYT  -  1,062 words
      • Article
        French wine and Chinese food? Oui
        729 21  -  iiMyp WINE By N K Yong Abalone is a much prized Chinese delicacy, and in this region no one is more highly respected for his culinary skills in abalone dishes than the "Abalone King of Hongkong" Mr Yeung Koon Yat, owner-chef of Hongkong's famed
        729 words
      • Article, Illustration
        More deceptions
        542 21  -  BRIDGE By Tan Boon Tiong THE PLAY of an unnecessarily high card by the defence can often deceive declarer into taking a wrong line of play. This is effective because the unsuspecting declarer would not expect you to waste your high cards. Consider this suit: AlO7 53 J
        542 words
    • PURSUITS
      • Article, Illustration
        Bright lights, brighter accessories
        221 22  -  5F TS Friday night. You look at your I wardrobe and wonder if your 3t clothes are anaemic or if the c&burs just did the 100-metre dash. But don't rush out to the stores just yet. Malini Tambyah shows how to wake up ytmr togs with
        221 words
      • Article, Illustration
        Scotch on the rocks, discreetly
        1082 22  -  Harish Mehta finds the MD of a company that makes a super premium scotch whisky a perfectly sober marketing gentleman Harish Mehta YOU CLOCK into the office at about 10 in the morning. At noon you check the samples of wine, perhaps have a couple
        1,082 words
    • SPORTS
      • Article, Illustration
        A racket revolution
        693 23  -  Cassandra How reviews the latest tennis rackets and finds that it is the sweetness that matters most Cassandra How MOVE OVER, woodies. The latest tennis racket revolution is winning the entire Grand Slam. Well, almost It is amazing how technology is making a ball faster, a return
        693 words
      • Article
        Lock icon Ferrari team conflict settled
        287 23 Reuter FERRARI president Piero Fusaro said on Thursday that the rift inside the Italian Formula One team had been healed and Frenchman Alain Prost would continue to try and win the world drivers' championship. Fusaro, making a rare visit to a circuit on the eve of
        Reuter  -  287 words
      • SIDE LINES
        • Article
          Edberg still top player in ATP rankings
          118 23 STEFAN EDBERG, who is playing tonight at the Vohs Supertennis Challenge, continues to be the world's best tennja player on the IBM/ATP Tour. American Aaron Krickstein hrf dropped to number 13 while Wimbddon semi-finalist, Gonia*!' Ivanisevic has now moved into the top ten
          118 words
        • Article
          Sansui driving skills rally
          128 23 SINGAPOREANS WILL be treated to a high speed test of v driving skills when the Singapore Motor Sports Club runt the Sansui Stamford Tyres Rally of Singapore on Oct 13-15. Competitors will perform the various tests of driv-yft ing skills and car control timed to the
          128 words
        • Article
          Woosnam, Montgomerie lead
          56 23 IN FORM Welshman lan Woosnam and Scotland's Montgomerie both shot bogey-free 65s on jp* share the first-round lead in the U*****,000 Grand Pi 4 Europe golf championship. The six-under-par scores them a one-stroke lead over Jose Maria Canizares of and Australian Brett Ogle with defending champion Seal'
          56 words
        • Article
          Steve Davis is out
          58 23 STEVE DAVIS, a tenuous favourite after the opeiij&s round elimination of Stephen Hendry, followed his aroK*i rival out of the £40,000 international one-frame knockoa&< snooker tournament. The six times world champion ft#* victim to Ray Edmonds 68-18. The surprise defeat for Davis leaves Mike Hallett, the
          58 words
        • Article
          De la Pena upsets Camporese
          55 23 ARGENTINA'S Horacio de la Pena upset sixth-seeded Italian Omar Camporese 6-4, 6-4 on Thursday to reach At quarter-finals of the Sicilian Open tennis tournament, other results, Italy's Claudio Pistolesi downed fellow tryman Renzo Furlan 6-2, 6-4. Second-seeded Perez Roldan of Argentina edged past Spain's Tomas
          55 words
        • Article
          Cherkasov beats the champ
          61 23 UNSEEDED Andrei Cherkasov recovered to beat defcnjtf ing champion Jim Courier of the United States 2-6, 62 6-3 to move to the quarterfinals of the US$5OO,OOO Sw»Indoors men's tennis tournament on Thursday. year-old Soviet, ranked 31st world wide, won on his match point after two hours
          61 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          Oei Hong Leong's zeal to deal
          288 24 FOR MOST, one major takeover a year is more than enough to whet their appetite, especially when it is of the size of Singapore Land. But Mr Oei Hong Leong, now undisputed boss of Singland through his vehicle United Industrial Corporation, is said to
          288 words
        • Article
          Just for the record
          83 24 FROM Tan Soo Nan, an executive vice-president of DBS Ranon whether the bank will exercise its force majeure clause to withdraw underwriting support for the flotation of Singapore Petroleum Company: "You must remember the bank's record. We have not done it (withdraw support for companies slated
          83 words
        • Article
          Scrip bonus, anyone?
          75 24 WE HEARD in Raffles Place that employees of at least one of the underwriters of the three new issues Singapore Petroleum Company, Provisions Suppliers Corporation and Kay Hian James Capel may be given shares of the listing candidates (in lieu of cash) as bonus come year-end. Depending
          75 words
        • Article
          The language of recession
          48 24 FOUND in the latest Shearson Lehman investment guide for. English-speaking countries: "If the country speaks English, she will probably be in or near a recession." Consequently, it said, the economies and hence the currencies of the "Commonwealth high yielders" look vulnerable. Is Singapore included?
          48 words
      • Article, Illustration
        Affordable, but bravery required
        820 24  -  Genevieve Cua and Magdalene Ng examine two of the three prospective listings in a battered stock market PSC and Kay Hian James Capel Genevieve Cua,Magdalene Ng PROVISIONS Suppliers Corporation, which last week launched one of the smallest and most affordable share issues on the local stock
        820 words
      • Article, Illustration
        Only for the staunchest believers
        985 24 INVESTING in broking firms now is like taking a double dosage of risk, not a highly recommended course of action unless the investor has very strong faith in the securities business and holds very long-term views. No doubt all companies are vulnerable to the vagaries
        985 words
      • Article
        Warrants:premiums and gearing
        624 24 Illili Amount in E888SS gj C< Pa iMMd wrte twni Lnetk Lnotk w mm Ui elk 1 (Mo m unto) 9 9 9 Conv ratio Exar priC* 9 nom a i3 c&cwt Causeway Inv ChuanHup Chuan Hup 94 City Dev DBS Land DBSLandA DBS Land B EuYanSang
        624 words
      • Article, Illustration
        Lock icon D-mark will remain strong
        795 25  -  ijood fundamentals will strengthen the German currency, argues Professor Norbert Walter Norbert Walter EVEN with the Gulf crisis casting its unsettling shadow over the world's financial markets, the Group of Seven representatives concluded at their meeting in Washington that developments on the foreign exchange markets must
        Source: TeleTrac  -  795 words
      • Article
        Lock icon Professional fund managers fail to outperform the market
        650 25 IHT ARE professional money managers > worth the fees they charge? At a time when more and more investors are turning to professional help to project them from the ravages of turbulent stock and bond markets worldwide, the answer appears to be
        IHT  -  650 words
      • Article, Illustration
        Corrections and clarifications
        64 25 IN last Saturday's article on 'A new breed of high yielders\ we inadvertently used a wrong picture of the writer, Mr Sandy Eu, managing director of Shearson Lehman Hutton. The correct picture as well as that of Mr Eu's uncanny look-alike we used last week are printed
        64 words
      • Article
        Lock icon Yen seen appreciating against mark
        415 25 Shifting political and fundamental factors will boost the Japanese currency-^ Reuter THE upwardly-mobile yen is set to climb higher up the crossrate ladder against the mark on shifting political and fundamental factors, dealers said. "I'm setting a longer-term maric/yen target at 78 yen," said Shigeto
        Reuter  -  415 words
    • JOBS
      • Article, Illustration
        Off-campus, with some class
        753 26  -  The Quality College for senior executives run by Crosby Associates in Singapore offers a dose of the right kind of management culture, says Harish Menta Harish Mehta -y OUR EXECUTIVES are abandoning ship in droves. Your profV its are being squeezed. You need rtial solutions. What
        753 words
      • Article
        Sasaki is richest man in Japan
        294 26 JAPAN'S richest man is Kichinosuke Sasaki, president of Togensha KK, a building maintenance company in Tokyo, according to a survey by Nikkei Venture magazine. Mr Sasaki's assets have touched USS3 billion, which includes the rental of buildings for commercial use in Central Tokyo and
        294 words
      • Article
        Money-spinning' 'mini-universities'
        590 26 The 'mini-university' is the rage, as companies Down Under fix an eye both on profits and on teaching Major businesses in Australia are creating their own "mini universities'' for their staff and are seeking accreditation for their courses, in a bid to uplift their management standards. These companies
        590 words
      • Article, Illustration
        EXECUTIVE MOVES
        324 26 Louis J Sorcherkh, vice-pres-ident, General Motors Overseas Distribution Corp, has been appointed managing director of GMODC Singapore. Prior to this he was the director of parts and accessories operations in the Asian and Pacific operations of General Motors Corp, Detroit. Brace Darrington has been appointed managing director of
        324 words
    • THE TRAVEL PAGE
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        789 27 CHy FlgM ETA FNgM EI® CHjf FH* ET» jg» H» MH617 2050 MH616 1915 mWktM MH621 2150 SQ118 1945 2555 S0226 2035 SQ119 2205 SQ120 2100 QF81 2005 SQ121 2335 QF31 2145 SQ23 1350 Kig38 2115 2150 Z SQ 24 A1411 2345 AUmm MH645 2359 niliMii
        789 words
      • Article, Illustration
        On a train to Express nostalgia
        498 27 LETTER FROM ISTANBUL THE whistle blows, the locomotive ejects a blast of 19th-century steam, and the passengers crowed to the art-decor windows to watch as the ninaret-spiked sky of the City of the Sultans comes into view. The Orient Express that legendary train whose
        498 words
      • Article
        MONEY CHANGER RATES
        153 27 As at 3fM yesterday: Local dollars to oae unit of foreign uiiocjr Currencies Bid Offer Australian dollar 1.449 1.469 Canadian dollar 1.312 1.332 NZ dollar 1.076 1.116 Sterling pound 3.290 3.320 US dollar 1.7620 1.7720 Local dollars to 100 Mils of forriga carre iK-y Austrian schilling 13.80
        153 words
      • Article
        WORLD TRADE EXHIBITIONS
        97 27 Duration Title Venue Organiser Tei Duration Title Venue Organiser Sep 24-30 Sep 25-30 Oct 1-12 Oct 2-7 International Technical Fair Internal tonal Furniture Fair Singapore Business Development Minion To Canada International Bulgaria Spain Vancouver, Montreal. Calgary k Toronto Italy Fom Internationale De Plovdiv Feria Mueatrano Interna cional
        97 words
    • TIME OFF
      • Article
        THEATRE
        195 28 The Zurich Tonhalle Orchestra Conducted by Hiroshi Wakasugi, the programme includes Berlioz Symponie Fantas♦ique, Honneger Rugby, and Ravel Bolero Victoria Concert Hall. Oct 1. 8.15pm The Temasek Ensemble The Temasek Ensemble, comprising nineteen young and talented Singapore string players led by Pavel Prantl, will put their bows together to
        195 words
      • Article, Illustration
        EXHIBITIONS
        345 28  -  Compiled by K Jayanti Tan Peng: Leve Me, Will You Twenty original pastel on paper works, depicting the male figure. The artist's original vision brings him on an unorthodox journey through the world of figurative art. Art Base Gallery, 78 Shenton Way, *01-02. Last day. 10am-6pm. Masters of The
        345 words
    • Article, Illustration
      CINEMA
      559 28 Aaatber 48 Haars. Eddie Murphy and Nick Nolte team up a second time around as the cop and con who enter a marriage of convenience. More action, witty one-liners and bad language. Midnight tonight and Ham show tomorrow at Capitol, Changi 1, Savoy 2 and Republic 1. Baekflra. "Before
      559 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      131 17 ansa "WE DID IT, FIRST TIME ROUND. AFTER ALL THOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." iIP $1 HP V Fy JjaMßfil <t v H j 1 in snun wP <4MI OMEGA. The watch that records the world's significant moments, jjy pJ* j|JBFL
      131 words
Page thumbnail Page 18
  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      53 18 DOONESBURY BY GARRY TRUOEAU HI. NO! I MAS IN THE GOOPUKX GETTING I STILL BPBCMDfjp\ OH...RIGHT. NOGHBORHOOP ASP wim*. THAT THROUGH CAN7BE- SOMETHING WHYI%t GOING! ONE OF I BETTER. THOUGHT TP PROP OFF SAUPICUS7CMS! U&EIUP6 &miA>NESS ADO A FEU WURUS.O. A&tep- #*H>!WUT STILL UJORK- PERFORM**. FEATHERS. j >NG ON 7HSJR
      53 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      61 19 ■hm|| MHHH POSSIBLY THE COOLEST TO our NEW RANGE of CASUAL SHIRTS 1 g^-iiM 1 M r- The new range of casual shirts, designed for the tropics. Available at all leoding department stores and also Arrow shops at r «i OUB Centre. Peninsula Plaza and Chinatown Point. Licensee and sole
      61 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      227 20 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of c*ir best advertising 1/ is fay word-of-mouth. For outstanding haute cuisine in surroundings of unashamed I opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585
      227 words
    • Advertisement
      Page 20 Advertisements Column 2
      460 20 tit nuimee'j 1 T*HFoSNlAN"culslNr" J TOO LATE FOR BREAKFAST? ■*s TOO EARLY FOR LUNCH? T|r CAUFORNIAN BUFFET J BRUNCH JKL k delightful hot and cold dishes, a jazz rm\ band to put you in a merry morning 1/ MOOD. EVEN A LEGO PLAYGROUND 1- NEXT DOOR FOR THE SMALL ONES.
      460 words
    • Advertisement
      Page 20 Advertisements Column 3
      237 20 II I 4 "l •Both buffets served from Fridays to Sundays 630 pm to 1030 pm Our deejay will spin numbers to suit all ages and moods. So come and dance the night awau! no cover charge. Only bar prices apply. For ext 390 Victoria Street, Singapore (entrance via Arab
      237 words
    • Advertisement
      Page 20 Advertisements Column 4
      179 20 "^j9MI fn^ Imperial splendour, our cheti fspfej^J stage their highly-acdalmed performance /Jrrl of legendary Beijing cutelne to the «ad»- RC^\V fJmFMa taction of demanding dtners To guarantee H 'ijf f?|RJ| your place amongst the discerning, make Pff I u your reservations early. fliir fajajjdMHß r W Lunch :i2pm to 2.30pm
      179 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      231 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY BRUNCH: 11AM TO 2.30PM. mijji adults iji.oo ,f f IACa^H V? Bfc children $i9.oo+♦. Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and children. A©
      231 words
    • Advertisement
      Page 21 Advertisements Column 2
      123 21 TnAII/A Restaurant and 1 KVlllV/% Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE 1 Authentic Russian Cuisine r; Amidst A View Of The Singapore Harbour Executive Set Lunch/ Set Dinner A la carte gpHIMMIIIIIiIiIIJJBMIIIIIIiOTIIIISBIVMOTMMNRMfIMMNOTRRMi Restaurant Hours 11 Lunch: Karaoke Hours Mondays to Saturdays Daily: 1130 am to 230pm 7.00pm to 2.00
      123 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      229 23 SEND A COUNIRY REPORT JMBF Mow and then, you send performanCe repoltS t0 y Ur hCad mce r country report. But don t bother doing it yourself. Because there s The Straits pm, cfawe to tear% teib nation: i Pcodlc—they're Times Weekly Overseas Edition. The (c,. nuyor news cfisply condensed
      229 words
    • Advertisement
      Page 23 Advertisements Column 2
      23 23 GLORIA ESTEFAN I IBOM LjßY 1 m i roc W' 9 Sa^H^Hy^^H The latest news and much more. From lunch-time. Monday to Saturday.
      23 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      39 25 Great Eastern Life has over 80 years of experience and the solid back-up of assets of over M As the leading local life insurer, we 're committed to taking care of you, now and into the 21st century. Ki
      39 words
    • Advertisement
      Page 25 Advertisements Column 2
      590 25 1" > /77 jf GOOD FORTUNE ft PROSPERITY DEPOSIT WtTH HONG LEONG FINANCE SINGAPORE FINANCE TStATS WfM home one or more OF j MORE FREE GIFTS 4£oB ITEMS w n f. > lf nir 6c More Prixes In Our Grand Lucky Draw 12 Ha 6lh PHILIPS GOT ITEMS' AND/OS jU
      590 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      240 26 I HOTEL FINANCIAL CONTROLLER The Beaufort, a 275-room de-luxe hotel presently under conßtructlon on B Senlosa Island, Singapore, Is seeking a qualified and experienced Rnandal Controler. "IhesuccessHi applicant w« be responsible for all accounting and financial functions as folows: Develop and manage the accounting system wtthin the B Uniform System
      240 words
    • Advertisement
      Page 26 Advertisements Column 2
      214 26 DHL IN THE NEWS Advertisement DHL EXPANDS INTO INDOCHINA With rich natural nationally, DHL has setup offices service tor 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 foreign investors
      214 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      23 27 L 1. Ihv bu»inc»* person'* khoiu- c\cr\ I ikmLi\ NEvV YORK :r? 1 !hl I',i:i vi h M Kkksii An: \^S Air Canada
      23 words
    • Advertisement
      Page 27 Advertisements Column 2
      83 27 FOR BITS AND BYII Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local news,
      83 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      153 27 28 Trade in old money (8) DOWN 14 Nothing coming from one YESTERDAY'S SOLUTION 1 Bill, in the pastry, say in the Netherlands (3) Mit|LlLl6MLl I InIeMUaI I Icl finds a lozenge (6) 16 Taking trouble to point A frj, jpH i ■oMaRBIM i| -2 Like a wedding cake with
      153 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      202 27 Singapore Report (Thur) Max temp. 30.6 assoc humidity 68% min temp 22.8* c assoc humidity 99% hrs of sunshine 1.85 rainfall in mm. 37.0 rainfall this mth. 20.5 rainy days this mth. 15 World report Asia-Pacific Hi/Lo* Coad. Auckland 17/08 Fair Bangkok 32/24 Showers Beijing 24/14 Sunny Brunei 24/14 Showers
      202 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      28 27 iSIBIRRI (60SHLK TuftW C-VCP... |ftR£VCW S6I?iOUSUY SftywG W€U-.U)Cjll A V^T— TWC FIRMS TOP SAL£SIV\AN...) 1 1 J v WOW C3OC.S ,\T o IVOM STANOAM) co. im, VWiV, jlI
      28 words
Page thumbnail Page 28
  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      1393 28 TODAY'S TV .Jl 4B&. Tha Diptut a—. fMw^ne*^ y &,-B> «JM mphiicm. ■iMAUfI ■■MyybMMMiß 5. 4H- 10.00 Na««»aaar c*a»tag». The Belaud Act 12 55 1C &5 Hadb puh. J** naag^^^ k j ealcms r current they are tonishZeflg. 10.30pm, SBC S CeMw GWs, Bpm SBC 5 %M |5 XJ^qSooo). keep
      1,393 words
    • Miscellaneous
      Page 28 Miscellaneous Column 2
      649 28 "movtesont^s The Great Lead af SmH, Mm, gets new clothes, makeup 1130 pa, SBC 5 and a hair dryer. But the When an evil innkeeper dis- metamorphosis into a glamcovers that two children on orous woman nasn t been their way to their grandpar- able to make Christine forget ems'
      649 words