The Business Times, 10 November 1990
1990-11-10
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The Business Times
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Title Section11 1990-11-10 1 Business Times MCI (P) 170/12/89 Weekend Edition, November 10-11 1990 75*11 words
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NEWS & MARKETS SUMMARY
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50 1990-11-10 1 Reuter THE Israeli army has mounted a large-scale attack deep into southern Lebanon, striking at bases of the radical Moslem Hizbollah movement east of Jezzine. "A mixed force went into action overnight...there were no injuries to our forces," Israeli military sources said yesterday. RcuterReuter - 50 words
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Article43 1990-11-10 1 Reuter WHOLESALE INFLATION jumped by 1.1 per cent in the US in October as the oil price surge raised the Producer Price Index so far this year to its highest rate since 1981, the Labour Department announced yesterday. ReuterReuter - 43 words
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Article29 1990-11-10 1 SHARE prices rose on Wall Street early yesterday, with the Dow Jones index of leading industrials gaining 14.11 points 2,457.92 in the first five minutes of trading29 words
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Article32 1990-11-10 1 LONDON shares made a belated rally from a dull start yesterday mornin. At 12.15 GMT the Footsie 100 shares index stood ahead nine points on Thursday's close at 2,045.8 points.32 words
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Article16 1990-11-10 1 THE 1989 CLASS of Singapore graduates fared better than their 1988 counterparts. Page 216 words
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Article25 1990-11-10 1 FELS discloses the "letter of intent" that is the centre of its legal tussle with American company Capital Maritime Corp Page 325 words
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Article27 1990-11-10 1 WITH NEAR CONTROL of Singapore Fodder, the Siong Huat group is poised to begin a buying spree of shares in the feed-based company. Page 327 words
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Article, Illustration29 1990-11-10 1 Friday Change BT-MGA 544.74 -1.60 Kuala Lumpur ....468.05 -3.10 Hongkong 2,932.92 +0.48 Tokyo 22,931.80 -38.01 Sydney 1,328.8 -13.5 Thursday Change New York 2,443.81 +2.97 London 2,036.2 -23.029 words
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Article20 1990-11-10 1 Exchange rates USS S$ 1.7105 Yen S$ 1.3097 MS SS0.6330 Money market rates Overnight 6-3/4 1/4 3-montn 6-5/8 unch20 words
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Article36 1990-11-10 1 London Gold AM fix US$384.85 -US$1.45 Rubber S'porc Dec 154.00*/kg -0.25 M'sia Dcc 240.00»/kg +0.5 KL Tin Turnover 23 tonnes +11 Spot M$ 16.24/kg -0.01 Crude palm oil Turnover 1,599 lots -604 Nov M$765/tonnc 1036 words
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Article, Illustration635 1990-11-10 1 Lee Han Shih Lilian Ang - Advertising boom brings 15.9 pc rise in revenue to $53 lm By Lee Han Shih Lilian Ang MEDIA GIANT Singapore Press Holdings (SPH) yesterday posted record trading profits of $182 million for the financial year ended Aug 31, and said operating results for the current635 words
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258 1990-11-10 1 Magdalene Ng - By Magdalene Ng THE PRIVATE sector should make its own assessment of the attractiveness of investing in the Philippines, said the Ministry of Trade and Industry yesterday in response to a BT story about Singapore being keen to introduce its Jurong258 words
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449 1990-11-10 1 The Gulf Crisis Agencies AMERICAN Secretary of State James Baker said yesterday the Soviet Union was no more optimistic than the US and several other countries that Iraqi President Saddam Hussein could be persuaded to pull his forces out of Kuwait peacefully. Mr BakerAgencies - 449 words
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320 1990-11-10 1 Harish Mehta - By Harish Mehta EVERY $1 rise in oil prices means that Singaporeans are poorer by $60 million per year, Minister of Trade and Industry Brigadier-General (Res) Lee Hsien Loong said yesterday. He said that oil prices had risen by more than $20320 words
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Page 1 Advertisements
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Advertisement134 1990-11-10 1 Nikon TtoWMd'tFkiMt ptietognphle SyMam. COVER Politics and """"Tr I the former J newspaperman. J Aircraft Schedule EL 11 Commodities 15 Cryptic Crossword El 11 Company News 4 Doonesbury II 3 Financial News 5 Futures ft Options 14 Home News 2 HK ft Tokyo Stocks 11 Interbank Fore« Rates 14 KLSE134 words
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Advertisement18 1990-11-10 1 OPINIONS The man who made us a proud nation. EL 2 The reality that is Asean. EL 218 words
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Advertisement42 1990-11-10 1 LIFESTYLE Birth of a health food chain. EL 5 A fair for all manner of tradesmen. EL 6 Soviets give consent to use of military force; Fresh US forces to the Gulf, PR 7 Bush pledges to block higher taxes. Back Pg42 words
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Advertisement165 1990-11-10 1 Nikon ThoWbrid'oPlnoot Photographic System. PURSUITS HHH Testing times FINANCE NZ a good short-term bet EL 8 Prop for the Canadian EL 9 The rare perfection of Patek Philippe at The Hour (jlass. \g| J^k j quisite features that hallmark Especially considering the rare per- ourselves as connoisseurs And of Patek165 words
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Advertisement31 1990-11-10 1 JOBS Setting prke for CEOs. EL 10 Job-hopping in Japan. EL 10 Telecom may consider off-peak discounts Registration of service marks next March Maintenance of Religious Harmony Bill passed, Back Page31 words
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HOME NEWS
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267 1990-11-10 2 Shoeb Kagda - By Shoeb Kagda THE 1989 class of Singapore's graduates not only found a more receptive job market but also started off on higher salaries than the 1988 graduates. According to the 1989 NUS/NTI Graduate Employment Survey, 93.4 per cent of the267 words
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223 1990-11-10 2 THE SINGAPORE Institute of Standards and Industrial Research (Sisir) has agreed to design and develop an automated fishball line Singapore's first prototype machine for the Seafood Industries Association of Singapore (Sias) Pte Ltd at a cost exceeding half a million dollars. A press223 words
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Article, Illustration179 1990-11-10 2 FRENCH Prime Minister Michel Rocard arrived yesterday to a ceremonial welcome by his Singapore counterpart, Mr Lee Kuan Yew, with whom he is to have discussions on a wide range of issues. Mr Rocard, here for a two-day official visit, was earlier179 words
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274 1990-11-10 2 THREE Judicial Commissioners will be appointed Supreme Court judges on Thursday. They are Mr M Karthigcsu, Mr Goh Joon Seng and Mr Chao Hick Tin. In a press statement yesterday, the Prime Minister's Office said that the appointments are part of a programme274 words
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340 1990-11-10 2 COOPERS LYBRAND has become the second public accounting firm in Singapore to turn 100 a milestone it is marking with a gala dinner for some 1,000 guests this evening at Shangri-La Hotel's Island Ballroom. The Coopers genealogy is traced to A340 words
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SHIPS IN PORT
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Article569 1990-11-10 2 Vessel Voy No Berth Arrival Departure Vessel Von Wo Berth Arrival Oepartoe y I Soon 19/90 M3A 10.11/1230 10.11/1800 neppd Wlurvcs nil/ncnft I Hong-Soon ***** M3B 0911/2330 10.11/1200 Dedu 1118A K29 alongside }0.}l/0600 i Hye Meng 1 160/90 M3C 0911/2030 10.11/1300 Esperarca Ac 12 K30 alongside 3569 words
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Article1241 1990-11-10 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookii(/Balance Rdh Ship Voy No Etb/Btr Period From To From Aka Bbum 66S 11/0300 1 09/1500 09/1659 09/1900 3 10/0700 10/1159 10/1400 a* Pride ***** 12/0600 3 10/0700 10/1159 10/1400 4 10/1200 10/1459 10/1700 Alsia 404 13/2359 3 10/07001,241 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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343 1990-11-10 3 Dexter Lee Selva Kumar - Group emphasises 'no contractual agreement' stand By Dexter Lee Selva Kumar FAR EASTERN Levingston Shipbuilding (FELS) has made public the document that is at the centre of its US$656 million legal tussle with US-based Capital Maritime Corporation (CMC). Yesterday, FELS pointed out Clause343 words
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357 1990-11-10 3 Quak Hiang Whai - By Quak Hiang Whai PRIVATE companies marketing time-sharing schemes on the basis that they are simple holiday packages are unlikely to fall on the wrong side of the Companies Act, legal sources told BT yesterday. They said those who market their schemes on the basis357 words
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Article, Illustration166 1990-11-10 3 FORMER Law Minister E W Barker has been re-appointed non-executive chairman of the Stock Exchange of Singapore. The appointment was announced by the SES last night. Mr Barker last year succeeded Mr Tan Chok Kian, who had been executive chairman of the SES. Mr166 words
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385 1990-11-10 3 Bernama THE total number of shares applied for by employees of Syarikat Telekom Malaysia Berhad, which did not tally with the computer list of shares allotted to them, has been identified as the main cause for the alleged delay in despatching share certificates toBernama - 385 words
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Article642 1990-11-10 3 William Chia - MARKET TALK By William Chia MARKET OBSERVERS have interpreted the failure of Inter-Pacific Industrial Group Bhd to sell its 12.45 per cent stake in Magnum Corp Bhd to indirect subsidiary Sports Toto Bhd as a bonus for Malaysian business tycoon Lim Thian Kiat. They642 words
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367 1990-11-10 3 Magdalene Ng - By Magdalene Ng THE SIONG HUAT group looks set to embark on a buying spree of shares in Singapore Fodder Company, now that it almost has control of the feed-based firm in its hands. Siong Huat, through takeover vehicle Unicentral Corporation, bought367 words
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127 1990-11-10 3 PUBLICLY-LISTED Singapore Reinsurance Corporation has diversified into the advertising industry with the formation of a new subsidiary. In a statement to the Stock Exchange of Singapore yesterday, Singße said the new subsidiary, Advertising Tree Private Limited, was incorporated with an authorised capital of $500,000.127 words
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COMPANY BRIEFS
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Article76 1990-11-10 3 POSBank has raised its stake in General Securities Investments to 12.7 per cent with the purchase of 19,000 shares for $22,531.64 on Nov 5-6. In another development, DBS Bank raised its interest in Tat Lee Bank to 12.94 per cent through the purchase of76 words
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Article45 1990-11-10 3 SHAREHOLDERS of First Capital Corporation have approved the resolution that the company's directors can issue shares up to 10 per cent of its paid-up capital without having to seek shareholders' approval. The resolution was passed at FCC's 14th annual general meeting yesterday.45 words
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Article66 1990-11-10 3 HONG LEONG FINANCE chairman and managing director Kwek Leng Beng bought 312,544 shares in the finance company for $625,088 from his wife Cecilia Kok Phooi Lin on Nov 8. Meanwhile, Pan Pacific Publications chairman and managing director Seow Kui Lim raised his stake in the Sesdaq66 words
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Article107 1990-11-10 3 WITH only a week to go before the deadline, only 330,000 applications with investments totalling Msl.B billion in Amanah Saham Nasional out of the 2.45 million ASN unit holders with investments totalling M 56.4 billion have been received for conversion to the Amanah Saham Bumiputera under ASN's mass107 words
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Article104 1990-11-10 3 MALAYSIA'S Capital Issue Committee has approved Asiatic Development Berhad's proposed acquisition of the entire issued and paid-up capital of 54 million Msl shares in Sabah Development Company Sdn Bhd but for a reduced purchase consideration. Bumiputra Merchant Bankers Bhd said on behalf of Asiatic Development that104 words
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Article57 1990-11-10 3 CHUAN HUP HOLDINGS is launching a scholarship scheme for independent schools for the coming school year, 1991. Under the scheme, Chuan Hup will annually award a scholarship to each of the six independent schools in Singapore Anglo-Chinese School, Chinese High School, Methodist Girls' School, Raffles Institution, Singapore57 words
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Page 3 Advertisements
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Advertisement594 1990-11-10 3 f The Bank of Yokohama, Ltd. (Incorporated in Japan with Limited Liability) Balance Sheets Statements of Income March 31, 1990 and 1989 Years ended March 31, 1990 and 1989 Millions of Yen Millions of Yen 1990 1989 1990 1989 ASSETS: INCOME: Cash and due from banks 2,352,476 1,773,914 Interest on594 words
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COMPANY NEWS
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COMPANY BRIEFS
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86 1990-11-10 4 HONGKONG'S Sun Hung Kai Securities Ltd and two Indonesian businessmen have set up a securities house and a venture capital company in Indonesia. Sun Hung Kai Securities, a unit of Sun Hung Kai Properties Ltd, said it would put up 85 per86 words
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Article84 1990-11-10 4 CARTER Holt Harvey Ltd said it would extend the offer date for the merger with Elders Resources NZFP Ltd to Nov 30. CHH already owns 69.2 per cent of the firm's ordinary shares. "In addition, CHH has received verbal indications of intent to accept which,84 words
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Article84 1990-11-10 4 A SINO-FRENCH joint venture pet breeding company plans to start exporting rare breeds next year, the Beijing-owned China News Service (CNS) said on Thursday. The Hongkong based agency said the Luo Fu Pet Co in Beijing was the first ever joint venture of its kind. CNS84 words
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Article71 1990-11-10 4 PACIFIC Dunlop Ltd chairman Leslie Froggatt said he expects results for the first half ending Dec 31 to be marginally below the net A$ 153.26 million earned a year earlier. "We see no improvement in the current difficult trading conditions in Australia until well into71 words
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609 1990-11-10 4 Offer values British giant at £1.9 billion Reuter NORTHERN Telecom Ltd of Canada said it is making a recommended bid for STC pic valuing STC at £1.9 billion. Telecommunications equipment company Northem Telecom currently owns 27 per cent of STC. The offer comprisesReuter - 609 words
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192 1990-11-10 4 Reuter THAILAND has awarded Hopewell Holdings Ltd of Hongkong a concession to build an elevated rail and freeway system in Bangkok, which will involve investment by the company of US$2.B billion. Hopewell's managing director Gordon Wu and senior Thai state railway officials signed an agreementReuter - 192 words
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Article, Illustration217 1990-11-10 4 AFP NEW ZEALAND Prime Minister Jim Bolger on Thursday slammed the country's biggest company, Fletcher Challenge Ltd, for voting for a 50 per cent increase in non-executive directors' fees. "It's no use preaching the virtues of hard work and economyAFP - 217 words
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325 1990-11-10 4 Reuter PROFIT growth at Hong Kong Telecommunications Ltd, which on Thursday reported a 16.9 per cent rise in half-year net profit to HK52.42 billion, would depend on a government decision on tax deferrals, analysts said. "If Hong Kong Telecom is no longer ableReuter - 325 words
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523 1990-11-10 4 Reuter SHARE ANALYSTS said third quarter results from major oil companies Royal Dutch/Shell and British Petroleum Co pic disappointed the stock market somewhat, despite higher than expected notional gains on oil stock holdings from the firm crude oil price. They saidReuter - 523 words
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Page 4 Advertisements
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Advertisement812 1990-11-10 4 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) ANNOUNCEMENT RESULTS FOR THE YEAR ENDED 31ST AUGUST 1990 The Directors have pleasure in announcing the audited results of the Group tor the year ended 31st August 1990. GROUP COMPANY 1990 1969 1990 1989 SS'OOO SS'OOO SS'OOO SSOOO Turnover 531,609 458.687 15 9812 words
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Advertisement60 1990-11-10 4 SINGAPORE PRESS HOLDINGS LIMITED ANNOUNCEMENT Pursuant to Article 23C(4) of the Company's Articles of Association, WE HEREBY GIVE NOTICE that as of 9 November 1990 the percentage of the issued ordinary share capital of the Company in which foreign persons have an interest is 49 per cent. BY ORDER OF60 words
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FINANCIAL NEWS
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453 1990-11-10 5 Reuter US MONEY CENTRE banks have shied away from borrowing at the Federal Reserve's discount window since mid-September mainly to avoid leaving a bad impression, analysts said. Money centre banks have not borrowed at the discount window, which provides a more favourableReuter - 453 words
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351 1990-11-10 5 AP A HIGH-RANKING US Treasury officer is pressing South Korean officials for an explicit timetable for financial market liberalisation, a news report said yesterday. "It is critical for Seoul to take the necessary steps to provide national (equal) treatment for American financialAP - 351 words
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Article, Illustration449 1990-11-10 5 Reuter US FEDERAL Reserve Board chairman Alan Greenspan has criticised as hasty and ill-considered the Securities and Exchange Commission's drive for banks to adopt market-value accounting. In a letter to SEC chairman Richard Breeden, Mr Greenspan said the change could cause volatility inReuter - 449 words
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Article, Illustration557 1990-11-10 5 DBS Bank takes a look at the performance of the US dollar this week US$/mark: minor bull, major bear The US dollar touchcd a new low again this week, as it traded to 1.4780 marks after having met the objective of the rising wedge in557 words
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320 1990-11-10 5 Reuter MALAYSIA'S state-owned electricity corporation Tenaga Nasional Bhd (TEN) is seeking a MSI billion syndicated loan to finance its expansion plans, banking sources said. Three consortia, led by major local financial institutions, submitted their bids on Wednesday when tenders closed for theReuter - 320 words
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SMALL CHANGE
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79 1990-11-10 5 PRUDENTIAL ASIA CAPITAL Ltd, the Asian investment and merchant banking arm of the Prudential Insurance to of America, has opened new offices in Thailand and Malaysia, the company said yesterday. Prudential Asia, headquartered in Hongkong, operates six offices in Asia, including Japan. Taiwan79 words
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Article88 1990-11-10 5 A CITICORP spokesman declined to comment on reports, that it is seeking an infusion of new capital. Thursday's Wall Street Journal reported that Citicoip is believed to be seeking a cash infusion of at least US$ 1 billion, mostly from a small group of private investors88 words
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Article92 1990-11-10 5 RUPERT MURDOCH, head of News Corp Ltd, denied on Thursday night that anxious banks dictated the merger of News International pie's Sky Satellite Television with its chief rival British Satellite Broadcasting (BSB). Asked about the merger after making a speech in New York, Mr Murdoch92 words
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Article93 1990-11-10 5 MOODY'S Investors Service said it has downgraded the debt ratings of four major Japanese banks. Sumitomo Bank Ltd and Mitsubishi Bank Ltd were lowered to AA-1 from AAA, while Long-Term Credit Bank of Japan Ltd was lowered to A-1 from AA-2 and Tokai Bank93 words
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Article89 1990-11-10 5 NATIONAL AUSTRALIA BANK Ltd (NAB) said its A 5767 million net operating profit for the year to Sep 30, a fall of 3.1 per cent, was adequate and it expected a "further consistent result" in the current financial year. NAB managing director Don Argus said in a89 words
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184 1990-11-10 5 Reuter INDONESIA'S AttorneyGeneral has frozen accounts totalling 11 billion rupiah (US$5.BB million) belonging to a former director of scan-dal-hit Bank Duta. A spokesman said in Jakarta yesterday that the Attorney General's office had frozen Dicky Iskandar Di Nata's accounts in four Indonesian banks, and hadReuter - 184 words
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Page 5 Advertisements
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Advertisement77 1990-11-10 5 Salomon Brothors Singapore Pte. Ltd. ANNOUNCEMENT We are pleased to announce the upgrading of our Representative Office to a wholly-owned subsidiary of Salomon Brothers Holding Company Inc. We are now known as "Salomon Brothers Singapore Pte, Ltd.", which is a Licensed Securities Dealer. Our address and communication lines remain unchanged77 words
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Page 5 Miscellaneous
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Miscellaneous31 1990-11-10 5 I I I 1 I 1 I mk- m,|p I 1/ r»AtM(tF^0 "Hodgkins, if it's not too much trouble we'd like you to take your vacation in the office this year."31 words
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THE REGION
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NOTE BOOK
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98 1990-11-10 6 NEW ZEALAND Trade Minister Philip Burdon yesterday ruled out any immediate prospect of the government underwriting the country's trade with the Soviet Union. "We would hope the relationship could be preserved... but you arc not going to get a blank cheque From the98 words
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Article60 1990-11-10 6 THE ASIAN Development Bank (ADB) has approved a U*****,000 grant for a study of small and medium industry technology development in Malaysia, an ADB statement said yesterday. The study will focus on formulating a comprehensive plan to upgrade the technology and training institutions which provide60 words
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Article98 1990-11-10 6 TRADE between Japan and Vietnam nearly doubled for the first nine months of 1990 to 79.71 billion yen (US$6l5 million), the Japan-Vietnam Trade Association said on Thursday. The Gulf crisis boosted Japan's oil imports from Vietnam substantially, helping the brisk growth ot trade between the two nations.98 words
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Article109 1990-11-10 6 CHINA plans to protest a planned visit to New Zealand next year by Tibet's exiled spiritual leader, the Dalai Lama, the Dominion newspaper reported yesterday. "The Dalai Lama is not just a religious figure but a political exile who has been engaged in political activities109 words
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Article52 1990-11-10 6 THE UNITED Nations Human Rights Commission special envoy held talks on Thursday with the Burmese religious affairs director general, state-run Radio Rangoon said. Professor Ogata, who arrived in the Burmese capital Saturday for a week-long visit, is expected to prepare a report on human rights52 words
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286 1990-11-10 6 AFP THE UNITED STATES opposes any re-export of USmade components of European Airbus planes to Vietnam in line with its 15-year-old trade embargo against that communist-ruled country, a State Department spokesman said on Thursday. "We have a complete embargo against Vietnam," saidAFP - 286 words
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426 1990-11-10 6 AFP VIETNAM'S economy will face tremendous difficulties in 1991, due mainly to the ending of Soviet economic facilities, Communist Party Secretary General Nguyen Van Linh warns. Next year "will be the year when our economy faces tremendous trials. From next year imports ofAFP - 426 words
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411 1990-11-10 6 THE THAI ECONOMY appears to be headed for more difficult times as the invest-ment-savings gap widens. Economists are giving stern warnings that if the gap is not bridged, there will be massive foreign borrowing, alongside growing dependence on the unorganised money market which could411 words
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204 1990-11-10 6 AP ROMANIA'S trade secretary urged Malaysian investors on Thursday to use his country's free trade zone as a springboard to penetrate central European markets. Romanian Secretary of State for Foreign Trade Napoleon Pop told a news conference in Kuala Lumpur that Australia and AustriaAP - 204 words
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Article, Illustration382 1990-11-10 6 Bernama MALAYSIA is expectcd to adopt a two-prong approach to make the country one of the most dynamic economics in the Asean region in the next decade. Institute of Strategic and International Studies director-general Dr Noordin Sopiee said on Thursday. Addressing members ofBernama - 382 words
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187 1990-11-10 6 HOTEL occupancy rates in Hongkong have largely held steady this year and only a slight drop is expected, reports the South China Morninn Post. Hongkong Hotels Association's executive director, Mr Manuel Woo Man-shing said that an average occupancy rate between 75 per cent187 words
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Article, Illustration728 1990-11-10 6 Foreign investors' interest waning as stock prices sag NYT AT ONE TIME, the Taipei stock market seemed to have no top. soaring ever higher and trading more shares than either the New York or Tokyo markets. Foreigners longed for a chance to join inNYT - 728 words
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Page 6 Advertisements
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Advertisement157 1990-11-10 6 K* BS, fIHJ 4- 4 A Potful of Egl Japanese Delicacies KS9 November at the Senbazuru brims with a potful of sizzling favourites cooked at your table. BU^j|£ul||l 'NABE' (Japanese pot dish) specialties from $30 to $45 littjJ'jjrflttlß range from Ton Chiri (Thinly Sliced Pork and Vegetables) to seafood, Sukiyaki157 words
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Advertisement81 1990-11-10 6 An excellent opportunity exists for a progressive company to become the exclusive agent/distributor for Singapore and/or Malaysia for an Australian manufacturer of speciality paint products. The products eliminate paint problems in hot, humid climates, stop rust and corrosion, control mould and water proof concrete and masonry. They arc well established81 words
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THE WORLD
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597 1990-11-10 7 AP THE United States economy, it" it docs topple into a recession, will be rescued by an export boom led by foreign demand for chemicals, aircraft and scientific equipment. a survey by a trade group reported on Thursday. Jerry Jasinowski, president of theAP - 597 words
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Article160 1990-11-10 7 UPI MAJOR RETAILERS in the US have reported soft sales in October, continuing a pattern of recent months and foreshadowing a weak Christmas shopping season. With few exceptions, the retailers reported on Thursday modest single-digit increases in sales on a comparable-store basis, which is comprised ofUPI - 160 words
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Article, Illustration464 1990-11-10 7 Reuter THE German government will tell President Mikhail Gorbachev when he arrives for a two-day visit this weekend that it cannot supply more cash to help salvage the Soviet economy. "We are not being stingy." Bonn's Economics Minister Helmut Haussmann said.Reuter - 464 words
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305 1990-11-10 7 AP THE Soviet Union has given its reluctant approval to the use of military force if peaceful efforts fail to get Iraqi troops out of Kuwait. Foreign Minister Eduard Shevardnadze stated the consent publicly for the first time after meeting US SecretaryAP - 305 words
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Article, Illustration297 1990-11-10 7 The Gulf Crisis Reuter US PRESIDENT George Bush announced on Thursday a huge build-up of US forces in the Gulf to forge a war machine capable of attacking Iraq. The reinforcements include more than 100,000 fresh troops, three aircraft carriers and scores of tanks.Reuter; AF photo - 297 words
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431 1990-11-10 7 AP AMBITIOUS negotiations to overhaul the world trading system are in "paralysis" because of lack of political will in industrialised countries, according to a group of developing nations. In a statement released on Thursday, they said many Third World countries had taken unilateral stepsAP - 431 words
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WORLD WATCH
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78 1990-11-10 7 SOME 70 heads of state, 20 royal family members, 15 vicepresidents and a score of prime ministers are expected over the next few days to attend Monday's enthronement ceremonies of Emperor Akihito of Japan. The first guests, including Israeli President Chaim Herzog, arrived on Wednesday,78 words
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Article113 1990-11-10 7 BRITAIN'S opposition Labour Party easily held onto two seats in by-elections on Thursday, with the ruling Conservative Party suffering the humiliation of being relegated to third place in one of them, officials said. The Conservatives' worst defeat was at Bradford North, where their candidate came in113 words
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Article114 1990-11-10 7 UNITED STATES consumer credit increased US$3 billion in September at an annual growth rate of 4.9 per cent as consumers rang up more charges on their credit cards, the Federal Reserve said on Thursday. "Revolving credit growth, although less than in August, remained strong," the Fed114 words
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Article93 1990-11-10 7 A GUNMAN who fired two shots during Wednesday's Revolution Day parade in Red Square in Moscow is to be charged with attempting to carry out a terrorist act, Tass news agency said on Thursday. A spokesman for the KGB security police identified the gunman as93 words
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Article95 1990-11-10 7 THE European Community is to make an emergency donation worth US$4.6 million to combat famine and the effects of civil war in Ethiopia, the European Commission said on Thursday. The commission, the executive arm of the EC, said the money would be used to improve transport95 words
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Article104 1990-11-10 7 SOUTH and North Korea ended a working meeting yesterday without agreeing on terms for their UN membership, officials said. Officials of both sides said they would meet again to discuss the issue. Yesterday's meeting at the border village of Panmunjom, the third of its kind104 words
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517 1990-11-10 7 AP A 14-NATION BLOC of farm exporting countries said on Thursday that world trade talks might collapse unless the EC changes its proposal on cutting agriculture subsidies. "A negotiation which showed no movement away from the current European Community offer would be totallyAP - 517 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4569 1990-11-10 8 Magdalene Ng - By Magdalene Ng FEARS that fighting may soon erupt in the Middle East continued to depress trading activity on the local stock market yesterday, with situational stocks remaining the key focus. Investors were also not keen to take up fresh positions with the weekend ahead.4,569 words
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Article4292 1990-11-10 9 Main Board Spore Fodder 214 19 9 7% SPM 675 15 2.3% DBS 880 HO 11% Spore Bus 500 486 6 12% Transmarco 200 6 f3.1% OCBt" 695 5 0.7% OlJE 510 f5 1.0% Spore BusF 500 505 5 I 0% I AM 50* 1704,292 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3806 1990-11-10 10 Bernama SHARE PRICES on the Kuala Lumpur stock market closed lower yesterday as players, made nervous by the latest developments in the Gulf, decided to stay out of the market ahead of the weekend. In slow trading, the KLSE Composite Index fell 3.10Bernama - 3,806 words
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Page 10 Advertisements
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Advertisement447 1990-11-10 10 Who Leads Singapore? Ruled by a tightly knit group of politicians and bu- i c. reaucrats led by Prime Minister Lee Kuan Yew, the Republic's power elite has broadened in recent years to include business executives and a few women. Twentyfive years ago, only a handful of individuals held the447 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2267 1990-11-10 11 Reuter TOKYO stocks closcd easier yesterday but well off their lows after last-minute index tutures-re-lated buying almost completely offset an earlier decline on the back of a weaker yen. Trade was thin, with investors sidelined ahead of a threeday weekend in Tokyo. MondayReuter - 2,267 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2166 1990-11-10 11 SHARE prices on the Hong Kong Stock Exchange closed mixed in light trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, edged up 0.48 of a point, closing at 2,932.92. Turnover amounted to HK5744.65 million (US$95 million), down from2,166 words
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Page 11 Advertisements
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Advertisement9 1990-11-10 11 Managers must manage. BT shows you how every Monday.9 words
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REGIONAL STOCK MARKETS
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Aussie stocks plunge on renewed tension
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Article958 1990-11-10 12 WEAKNESS in bank shares, renewed selling in Adsteam companies and tension in the Middle East pushed the Australian market to a sharply lower close. Brokers said activity was subdued, usual for Friday trade, with traders squaring up positions ahead of the weekend. "It was the usual retreat but nervousness958 words
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Article88 1990-11-10 12 Close Previous Nov 9 SYDNEY All Ordinaries Index 1,328.8 1342.3 -13.5 All Industrials Index 1.987.9 2010.1 -22.8 All Resources Index 816. 823 82 -6.6 Turnover (million) 111.22 92.69 f 18.53 BANGKOK SET Index 662.55 ***** +1.36 Turnover (million) NA NA JAKARTA Composite Index 412.03 414.51 -0.80 Turnover (nearest'000) 1,240 1,05088 words
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Article551 1990-11-10 12 PHILIPPINE share prices closed slightly lower yesterday on thin volume as most investors shunned the market to await the results of the talks, due to end yesterday, between US and Philippine negotiators over the future of US military bases here, brokers said. Reports the US was sending more troops551 words
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Article647 1990-11-10 12 THAI stocks, trading thinly yesterday, recovered from an opening drop in prices when some buying interest came into the market late in the morning, brokers said. The SET Index closed 1.36 points higher at 662.55. Dhana Siam, Union Asia Finance and MK Real Estate topped the active list. Siam647 words
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Article361 1990-11-10 12 TAIWAN stocks closed lower after an unstable day of trading as renewed fears over the Gulf crisis swept through the market, dealers said. The weighted index finished 81.47 points, or 2.29 per cent, lower at 3,472.53 compared with Thursday's 3,554.00 close. Turnover was NT542.17 billion against NT553.12 billion on361 words
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Article395 1990-11-10 12 In local currency In S$ In US$ day year day year day year 'wdex change change change change change change World 343.4 -0.6 -26.1 -1.2 -28.7 -1.5 -20.6 JEAFE 457.8 -1.3 -32.8 -2.1 -32.0 -2.5 -24 4 Europe 359.2 -0.8 -20.3 -I.I 6 .0 -1.4 -6.5 Pacific 754.9 -1.7 -40395 words
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Article777 1990-11-10 12 SEOUL stocks fell in widely-fluctuating of the morning session on profit-taking. They had opened slightly higher ahead of talks between the US and South Korea on opening up local markets. The composite stock index stood at 705.55 at the close of morning session, down 1.69 points from Thursday's close.777 words
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Article341 1990-11-10 12 NEW Zealand shares closed at a new six-year low on thin volumes. Direction early next week will be dictated by Middle East developments during the weekend, brokers said. The Barclays share index estimate closed 14.23 points lower at 1,277.95, its lowest point since early November, 1984. The index341 words
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Article598 1990-11-10 12 Reuter PRICES on the Jakarta stock market closed mixed, with the index easing 0.80 points to 412.03, and volume rose to 1.24 million shares from Thursday's 1.05 million. Brokers said lack of liquidity kept sentiment bearish, with only a few investors in the market. Inco was the most tradedReuter - 598 words
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Page 12 Advertisements
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Advertisement6 1990-11-10 12 TECHNOLOGY in B I every Tuesday6 words
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WORLD STOCK MARKETS
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Dow ekes out small gain in jittery trade
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Article, Illustration1041 1990-11-10 13 US STOCKS on Thursday continued to trade on a mixture of Mideast war rumours and rhetoric, but shares managed to eke out a small gain after a jittery session. President Bush's thrice-delayed press conference pressured stocks in late afternoon. However, the oil market's inability to gain much ground1,041 words
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Article, Illustration794 1990-11-10 13 LONDON share prices opened little changed from overnight levels in the absence of market-moving factors, although Gulf tensions remain a dampening influence on sentiment. By 1036 GMT the FTSE index was 0.7 points up at 2,036.9 after trading in a tight 2,033.5 to 2,040.9 range. On Thursday, FTSE 100794 words
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Article240 1990-11-10 13 DUTCH shares traded mostly firmer in slow midsession business underpinned for the moment by steady prices on stock exchanges abroad, dealers said. The CBS tendency index was up 0.2 points to 93.5 by 1230 GMT. "But professional traders are the on- ly ones active and Unilever's easing price is240 words
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Article92 1990-11-10 13 Nov 8 Close Previous NEW YORK Dow Jones 2.443 81 2.440 84 2.97 NYSE Financial 109 85 109 14 +0 71 SAP 500 307.61 306 01 +1.60 Turnover (million) 155.6 149.14 +6.46 LONDON Financial Times 30 1.574 9 1.590 81 -15.9 FTSE 100 2.036 2 2.059 20 -23.0 Turnover (million)92 words
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Article131 1990-11-10 13 BELGIAN share prices opened with a slightly lower bias in quiet trading ahead of the long weekend. "Volume is small and traders are disinclined to take positions in such an uncertain news climate..Anything could happen over the next three days," one broker said, referring to the Gulf crisis. Brussels131 words
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Article265 1990-11-10 13 GERMAN share prices opened steady to slightly firmer in quiet pre-bourse trading, as an overdue technical recovery provided prices with some support. The 30-DAX index had dropped 1.71 points to 1,369.44 on Thursday, its eighth decline in the last 10 sessions. The DAX had been as low as 1.348.19265 words
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Article242 1990-11-10 13 FRENCH share prices were mixed in light trading but a few issues, like automaker Peugeot, that were pressured recently staged modest rallies, traders said. The CAC-40 index was slightly higher, rising 2.11 points to 1,571.97 at 1151 GMT. "The market is holding up relatively well," said one trader. "The242 words
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Article225 1990-11-10 13 SHORT covering helped Italian shares rebound slightly from Thursday's losses, but initial volume was thin as operators awaited new developments in the Gulf crisis dealers said. "The moderate buying wave already seems to be losing steam." one operator commented. The MIB index was unchanged at 1030 GMT after having225 words
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Article103 1990-11-10 13 PRICES on the Stockholm bourse cased further after hitting a new low for the year on Thursday. The decline to 853.09 on the bourse general index was the 10th day in succession that stocks had fallen. The bourse general index slid 0.5 per cent to 848.86 in low early103 words
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Article229 1990-11-10 13 TORONTO stocks bounced from ses- sion lows in anticipation of a foreign policy statement by US President George Bush after the market's close, dealers said. "I think everybody is betting which way Mr Bush is going to speak," one trader said. After the close, Mr Bush said he was229 words
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Article364 1990-11-10 13 JOHANNESBURG share prices opened mixed on Friday in subdued trading ahead of the weekend as jitters over the Middle East gulf crisis overshadowed the market, dealers said. Gold shares drifted lower as world bullion prices edged off their recent highs, but industrials were slightly firmer after some good results364 words
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Article257 1990-11-10 13 Reuter SWISS shares opened slightly firmer in quiet pre-weekend trading. Dealers said Wall Street's steady close and the steady tone in early Frankfurt trading supported sentiment but the Gulf crisis dampened activity. The SMI index of leading shares opened 8.6 points higher at 1,385.9. The National Bank set itsReuter - 257 words
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Article41 1990-11-10 13 Vienna No* 8 Asch Akg Holding 3850 unch E Allgcm (Prcf) ***** -200 Jungbunzl 8550 -100 Lacndcrbank (PreO 487 len/mg 1261 -30 Lcvkam 370 -15 Montana ***** «inch Oeslcrr. Brau 3410 -50 Sempent II5 -4 Slcyr 156 -3 Vcitschcr 668 -2241 words
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Page 13 Advertisements
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Advertisement8 1990-11-10 13 I i Innovation Technology in BT every Tuesday8 words
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CURRENCY, MONEY & FUTURES MARKETS
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1182 1990-11-10 14 FOREX MARKET REPORTS THE US DOLLAR was firmer in early European trade yesterday, pushed up by lingering fears that the situation in the Gulf is heading for a military showdown. Further short-covering before the weekend could lift the1,182 words
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Article401 1990-11-10 14 Cross rates Nov 9 I US$ SS MS Dm Yen SFr AS NZS IJSS 1.7100 2.7020 1.4945 130.70 0.5105 1.2555 1.2821 1.6380 SS 0.5848 1.5801 0.8740 0.7643 0.2985 0.7342 0.7497 0.9579 MS 0.3701 63.29 0.5531 0.4837 0.1889 0.4647 0.4745 0.6062 Dm 0.6691 1.1442 1 8080 87.45 0.3416401 words
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Article553 1990-11-10 14 Interbank rates S$ Bid Offer Overnight 6 3/4 6 7/8 1-month 6 5/8 6 3/4 2-month 6 5/8 6 3/4 3-month 6 5/8 6 3/4 Overnight mode: 6-11/16 |IS$ Bid Offer 7 days 7 15/16 8 1/16 1 month 7 15/16 8 1/16 2 months 8 1/8 8553 words
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324 1990-11-10 14 Reuter BRITISH Chancellor of the Exchequer John Major said he would not be hurried into making further cuts in interest rates until it was safe to do so. "I did cut interest rates by one per cent (percentage point) notReuter - 324 words
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262 1990-11-10 14 UPI THE BANK of Canada has lowered its key rate by 12 basis points to 12.49 per cent, a move that is expected to prompt chartered banks to lower their prime rates. Gillcs Loiselle, Canada's junior finance minister, told parliament theUPI - 262 words
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Article1239 1990-11-10 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Dcc 90 92.03 92.04 92.02 92.04 2320 ***** 2433 Mar 91 92.33 92.33 92.32 92.33 3250 ***** 6350 Jun 91 92.34 92.36 92.34 92.36 1280 4877 1142 Sep 91 92.23 92.24 92.23 92.24 195 1097 183 Dcc 911,239 words
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COMMODITIES
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232 1990-11-10 15 Reuter THE International Natural Rubber Organisation (Inro) is studying a report by London consultants recommending improvements to its buffer stock operations, delegates say. The study by Landell Mills Commodities was completed last week and discussed at Inro's two-day committee meeting on buffer stockReuter - 232 words
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505 1990-11-10 15 Reuter THE MIDDLE East Gulf crisis has seen a boom in the use of energy swaps and options a sector that was already growing rapidly, senior oil swaps traders said. There has been "something like a 200 to 300 per cent increaseReuter - 505 words
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827 1990-11-10 15 REPORTS CRUDE palm oil futures closed slightly steadier on the Kuala Lumpur Commodity Exchange yesterday. Dealers said speculative buying interest and the firmer European vegetable oil market overnight helped to boost market sentiment to some extent. Spot month Nov firmed Mslo to M 5765827 words
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Article1383 1990-11-10 15 Rubber Nov 9 HAS (tab m batw) S cents/kg Noon Close Int I RSS Prompt 154.25/155.25N 154.00/155 .OON Int I RSS Dec 90 154.25/154.75 154.00/154 50N Int I RSS Jan 91 154.000 54.50 I53.75/I54.25N Int 2 RSS OP 149.50/151 SON I49.50/I5I.50N Int 3 RSS OP 144.50/146.50N 144.50/146. SON Int1,383 words
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Page 15 Advertisements
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Advertisement9 1990-11-10 15 Managers must manage. BT shows you how every Monday.9 words
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Advertisement357 1990-11-10 15 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I, PohSoon Hoe of No. 613 Bedok Reservoir Road #04-1180, Singqiore 1647, have applied for a Retail Beer Shop licence in respect of premises at Mh Famy Mmtmart Re Ltd at 134 Loroog Ah Soo 101-466, Singapore 1953, and that this application will357 words
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Advertisement94 1990-11-10 15 ROBINSON AND COMPANY LIMITED LOST STOCK CERTIFICATES Stock certificates numbered *****8 tor 3.000 stock and ***** A tor 750 stock in Robinson And Company Limited registered in the name of CHAN VOON SUN have been reported lost Notice is hereby given that replacement stock certificates will be issued and the94 words
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Article, Illustration383 1990-11-10 16 New ways to boost growth will be explored Reuter PRESIDENT George Bush, voicing concern about a US economic slowdown, said on Thursday that he would explore new ways to boost growth and vowed to block tax increases that would hinder it. Stung by accusationsReuter - 383 words
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Article186 1990-11-10 16 AFP A BANKRUPTCY petition by Prime Minister Lee Kuan Yew against opposition Workers Party leader Benjamin Jeyaretnam was withdrawn in the High Court yesterday. In a statement, Mr Jeyaretnam said he paid the full amount of damages and interest totalling $336,985.13 awarded to Mr Lee followingAFP - 186 words
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198 1990-11-10 16 Bernama THE MALAYSIAN government has approved the construction of a second linkage to Singapore, which will speed up the development of Mukim Tanjung Kupang, Gelang Patah, near Johor Baru, Information Minister Datuk Mohamed Rahmat said yesterday. He said the project was expected toBernama - 198 words
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Article, Illustration529 1990-11-10 16 AFP VETERAN POLITICIAN Chandra Shekhar was yesterday designated India's eighth premier, ending two days of suspense and political tension following the ouster of the country's first coalition government. Mr Shekhar, 63, a dissident leader of outgoing premier Vishwanath Pratap Singh'sAFP - 529 words
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343 1990-11-10 16 Anna Teo - Yesterday in Parliament By Anna Teo IF THE NEW time-based telephone billing system results in peaks and troughs in usage, Telecom could consider giving a discount on ofTpeak usage, said Minister for Communications Information Yeo Ning Hong yesterday. Reiterating that most subscribers will end up343 words
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Article190 1990-11-10 16 THE Maintenance of Religious Harmony Bill, with 20 amendments proposed by a Select Committee, was yesterday passed by Parliament. The key amendment, addressing concerns that the individual minister's power to nab those causing religious strife or mixing religion with politics seems absolute, now places the elected190 words
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Article117 1990-11-10 16 NON-CONSTITUENCY MP Lee Siew Choh alleged in Parliament yesterday that police had harassed Workers' Party officials and seized money in the party's bank account. Dr Lee said the Workers' Party had published an appeal in the May issue of its mouthpiece. The Hammer, asking the public to help117 words
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160 1990-11-10 16 IN LINE with worldwide practices, service marks the logos and stylised names of service companies will be registered in Singapore from March 1, 1991. The Trade Marks (Amendment) Bill introducing the registration of service marks was tabled yesterday by the Minister of Law. Professor160 words
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Article371 1990-11-10 16 THREE BILLS tabled yesterday will enable registered land surveyors to team up with architects and engineers to set up multi-disciplinary practices. They are the Land Surveyors Bill, the Professional Engineers Bill and Architects Bill. The bills, which will repeal their corresponding existing Acts, will also provide for371 words
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Page 16 Advertisements
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Advertisement4 1990-11-10 16 SAPCM«) Genuine Leather Collection4 words
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Advertisement14 1990-11-10 16 Export boom may yet save US, Pg 7 October sales go soft, Pg 714 words
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Advertisement46 1990-11-10 16 SACChk) (ietmine I.cutlicr Collection MM U2 M ~in 1 the Dannimac Collection g of weather wear for men and ladies will take the fashion scene by storm. 111 iy designs with senstbie, practical M W m details in coats that look so good, you'll be praying46 words
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Executive Lifestyle
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Article, Illustration1357 1990-11-10 17 Harish Mehta - Peter Lim is writing a book set against the backdrop of Singapore's political transition. Given the wealth of inside information he was privy to as a newspaper editor, will it rock boats? Harish Mehta finds out. Harish Mehta THESE days Peter Lim just wants1,357 words
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STRAWS IN THE WIND
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Article57 1990-11-10 17 NEED to learn some Latin quick? Here are some excerpts from the book Latin for All Occasions, as reported in the New York Times: Credo nonnullos hie murtuos esse (I think several of the people here are de&d); Ita erat quando hie adveni (It was that way when57 words
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Article43 1990-11-10 17 IF ONE is good, two must be better. This seems to be the rationale behind an advertisement put out by an appliance maker where ail buyers of its dishwasher will get a lucky draw ticket The second prize is a dishwasher.43 words
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Article52 1990-11-10 17 Also in last week's Timeszone Central, there was an ad by a massage parlour that invited patrons to a "buffet". Which made some people wonder if it meant that the masseuses sat down or lay around somewhere for clients to take their pick and come back for seconds52 words
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Article59 1990-11-10 17 ONE reader spotted a lorry along Rochor Road with these words on its back: Horizon Fright Forwarders Pte Ltd. Now we know why some drivers are terrified about being caught behind heavy trucks. Do you have a straw to share with us? Send your contributions to: The Lifestyle59 words
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OPINIONS
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904 1990-11-10 18 Shoeb Kagda - Shoeb Kagda goes on an Asean tour and gains a wider perspective of the countries and peoples making up the regional grouping Shoeb Kagda The writer is a BT journalist ASEAN was born 23 years ago, not many years after I was. But904 words
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Article, Illustration1053 1990-11-10 18 Tan Tarn How - What will Mr Lee Kuan Yew leave behind as his greatest legacy when he hands over the baton to Mr Goh Chok Tong? In this, the first of three articles on the political transition, Tan Tarn How says it will not be1,053 words
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279 1990-11-10 18 W Hinderbcrger - W Hinderbcrger I REFER to Mr Sammad Rejab's article "If you prick us, do we not bleed?" in the Opinions page (BT, Nov 3-4). As a foreigner in your country, I'm astonished at the lack of public discussions here. This279 words
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136 1990-11-10 18 D W Distant - D W Distant YOUR correspondent Yong Pow Ang's article "Transport companies haven't told the whole story" (The Bottom Line, BT, Nov 8.) raises a very relevant query. Perhaps the SMRT could tell the public how much revenue each fare stage increase of 10 cents136 words
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70 1990-11-10 18 F Belinne - F Belinne Managing Director Regional Director (Asean) Grumman (Singapore) Pte Ltd PLEASE refer to the article "Gintic, Digital to do joint research" (BT, Nov 6). In the second paragraph, the article notes "Gintic was setup jointly by IBM and NTI." As the name Grumman70 words
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Article490 1990-11-10 18 Mrs Georgina Emmanuel - Mrs Georgina Emmanuel I REFER to the feature "Miracles happen, but this is still home" the substance of which was an interview with Czech SSO leader Pavel Prantl and his wife Martina Maixnerova (BT, Oct 29) Ms Maixnerova is quoted as saying: "It's490 words
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SPORTS
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Article, Illustration1133 1990-11-10 19 Samuel Abt - Samuel Abt talks to the champion about what motivates him Samuel Abt IHT BY his own admission, not many races continue to motivate Greg LeMond as he faces his 11th year as a professional. He says he would still like to win aIHT - 1,133 words
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269 1990-11-10 19 AP SHOT-PUTTER Randy Barnes and sprinter Butch Reynolds of the United States will keep their world records despite testing positive for steroid use, track's international governing body said. The International Amateur Athletic Federation also said on Wednesday that any differences in interpretingAP - 269 words
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370 1990-11-10 19 IHT JUST AS the Disney theme parks have expanded overseas in recent years, the Indianapolis Motor Speedway is trying to create a worldwide network of Indy 500s through licensing agreements in Europe and Japan. The plan could bring back the top international drivers,IHT - 370 words
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SIDE LINES
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109 1990-11-10 19 ANDRE ROUSSIMOFF, better known as wrestler Amfte the Giant, was fined US$lOO and ordered to pay US$233 in damages to a television station over a scuttle with a cameraman last year. Roussimoff was found guilty of criminal mischief in a non-jury trial. A judge109 words
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Article109 1990-11-10 19 SRI LANKA's cricket selectors on Thursday named three uncapped players for an 18-day tour of India starting on Nov 19 which will include one test match and three one-da > internationals. Wicketkeeper Romesh Kaluwitarana, fast bowler Kapila Wijegunawardena and batsman Sanath Jayasuriya are the three109 words
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Article102 1990-11-10 19 WEST INDIES manager Lance Gibbs said on Thursday their six-week tour of Pakistan would decide who is the best cricket side in the world. Desmond Hayncs, leading the visitors in the absence of Viv Richards, said his team had come to plav exciting cricket. Pakistan, fresh102 words
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Article134 1990-11-10 19 DAVID ROBINSON scored a career-high 43 points and Terry Cummings added 31 as hot-shooting San Antonio beat defenceless Denver 161-153 on Wednesday night's basketball match. Sean Elliott also had a career-best 29 points and Reggie Williams 22 for the Spurs (2-0), who shot 63 per cent from134 words
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Article97 1990-11-10 19 ENGLAND'S hopes on their first year back in EuUGpear football competition were left resting with Manchester United on Wednesday after Inter Milan made a controversial recovery to beat Aston Villa. Inter and their neighbours AC Milan both overcame difficult second round opposition. Only Napoli let Italy97 words
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Article91 1990-11-10 19 SCOTLAND, the Five Nations champions, and France, the World Cup finalists, will send national teams to next year\ Hongkong Invitation Sevens. It will be the first time that either country sends a representative side to the annual rugby extravaganza on March 23-24 which sees91 words
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Article106 1990-11-10 19 THE remodelled French rugby team to face the All Blacks today held their first full training session on Wednesday unveiling a new tactic of alternating two lineout throwers. Hooker and surprise selection Marc Dal Maso will take the offensive lineouts and new scrum half Henri106 words
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EPICURE
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Article, Illustration486 1990-11-10 20 Quek Swee Peng - Associated with Covent Garden's Inigo Jones fame, British chef Paul Gayler arrives this weekend for a short working trip.Quek Swee Peng takes a peek into the master's menu. Quek Swee Peng ON A VISIT to London last year, the opportunity of dining at Inigo Jones in Covent Garden wasPUNCH - 486 words
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LIFESTYLE 1
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479 1990-11-10 21 Dexter Lee - Doctors on wheels By Dexter Lee WHAT HAPPENS when you're too sick to make it to your nearest clinic but not sick enough to warrant entry into an ambulance with flashing lights? Short of taking two panadols and calling your479 words
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Article, Illustration364 1990-11-10 21 Sybil Holloway - BRIDGE By Sybil Holloway BOARD 23 from the sth Epson World Bridge Tournament 1990 had top scores bouncing in all directions. In Singapore, Samir Datto, West, played carefully to make his six heart contract. North led the C 4 which declarer won with the Ace.364 words
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Article, Illustration781 1990-11-10 21 A 'marriage' between a health store operator and a health conscious consultant has given birth to a health food chain. TEE Quee Hock is a health food store operator with big dreams but limited funds. Peter Lim is a satisfied customer who just happens to have access781 words
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Article, Illustration556 1990-11-10 21 N K Yong - WINE By N K Yong The production of bubbles in wine to produce sparkling wine (called "champagne" only if it is produced in the strictly delimited area of Champagne) is generally credited to the venerable Abbe, Dom Pcrignon. The basic process is very simple.556 words
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Article, Illustration557 1990-11-10 22 Samuel Ee - Samuel Ee visits the Singapore International Motor Show and finds it looking more like an Ang Mo Kio trade fair Samuel Ee I WAS walking into the World Trade Centre the other day when a half-squashed car groaned out to me: "Urrgh, help557 words
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Article, Illustration655 1990-11-10 22 Chuang Peck Ming - By Chuang Peck Ming India A Million Mutinies Now By VS Naipaul Heinemann, London 521 pages. About $59. INDIANS in India seem to be better off nowadays they've progressed from being beggars to borrowers. So says one of them interviewed for this travel book.655 words
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Article, Illustration434 1990-11-10 22 Ringo Liew - CO Review By Ringo Liew WORLD PARTY: Goodbye Jumbo Start burning the incense, dust off those old bell-bot-toms, get that mothballed psychedelic shirt out of the closet and get ready for a time warp. World Party's new album may have been cut434 words
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Article, Illustration268 1990-11-10 22 808 DYLAN: Under The Red Sky OVER the years, the release of each new Dylan album has been an event in itself. But while his audience greeted his earlier works with all the fervour of thirsty disciples seeking divine guidance, the response to his268 words
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Article, Illustration832 1990-11-10 22 MOVIES from Denmark, the Netherlands, Belgium and other countries in the European Community offer a new perspective on film from next week at a special film festival at Jade 2 Theatre. Here is a sneak preview of what's available: The King of the832 words
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PURSUITS
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Article, Illustration1254 1990-11-10 23 Quek Swee Peng - Quek Swee Peng provides an update on the salerooms and talks to the deputy chairman of Sotheby's Far East Quek Swee Peng ABOUT six months ago, the discernible cracks in the booming art market were partially patched up by two engaging news reports. Running over two consecutive days,1,254 words
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Article, Illustration575 1990-11-10 23 Paul Ramani - Paul Ramani meets a couple whose limited editions of porcelain figurines result in pieces of exceptional standards and prices Paul Ramani SOME things are small. Some things are small and beautiful. Some things are small, beautiful, and may bite if provoked.575 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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Article, Illustration136 1990-11-10 24 UNKNOWN to the public a year ago, Mr Sia Leng Yuen is now much in the news through his involvement in Causeway Investment, Lucky Man Properties and other companies. But not all news made by Mr Sia (or Mr Xia) is related to136 words
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Article98 1990-11-10 24 THE HEAD of Schroder International Merchant Bankers Ltd (Simbl), Robert Tomlin, gave a talk on the capital market last week. At question time, up popped this query: "What has Simbl learnt from the lesson of the Kay Hian/James Capel flotation?" Simbl, of course, is one98 words
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Article131 1990-11-10 24 "HIS STORY is the stuff of business legends. He arrived from China, penniless, in 1920 at the age of 14 and began work delivering groceries. After 68 years, he heads a conglomerate with assets totalling $10 billion." That was how BT described Mr Lien Ying Chow131 words
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Article134 1990-11-10 24 IT WAS a somewhat unusual answer that InnoPacific gave to the Stock Exchange of Singapore on Wednesday. The fast food to trading group is in the midst of buying a 23.6 per cent stake in Hongkong company Lucky Man Properties, and the Exchange was asking for134 words
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Article664 1990-11-10 24 Priws (as at 8.11 JO) Convtrslon terms (dUcount) Amourt I I Option#* r_ C (£Sb, C«» |S £*|c»* M. ratio I I < C&CWt 37.5 0.950 3.260 1.00 3.09 24 3.43 26.4.93 29 Causeway Inv 7.2 0.240 0.800 0.780 1.00 1.00 1.00 55 28 3.33 20.10.94664 words
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Article, Illustration802 1990-11-10 24 Shoeb Kagda - The Kiwi dollar is enjoying renewed strength, thanks to its attractive yield. But the real test will come in the next six months, analysts say. Shoeb Kagda finds out why Shoeb Kagda UNTIL three months ago, interest rates in the United Kingdom and AustraliaChart by TeleTrac - 802 words
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877 1990-11-10 24 James Gray - New policies by the new National Party government are not a panacea for New Zealand's economic woes, says James Gray James Gray Reuter NEW ZEALAND stocks are at their lowest point in almost six years and a change of government, while seen as positive,Reuter - 877 words
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Article, Illustration508 1990-11-10 24 Najeeb Jarhom - With the market in an oversold position, a technical rebound is likely. Resist the temptation to buy, advises Najeeb Jarhom CHART^ Najeeb Jarhom Najeeb Jarhom is research manager. Fraser Roach Co WITH the Gulf crisis completing its first 100 days, confidence in equity508 words
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Article, Illustration932 1990-11-10 25 Dr E P Neufeld - Canadian being propped up by yield advantage War in the Gulf will exacerbate an already weakening Canadian economy, warns Dr E P Neufeld, executive vice-president. Royal Bank of Canada Dr E P Neufeld WE A KENING econ o m i c fundamentals and a growing recession threat have continued to932 words
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788 1990-11-10 25 Diana B Henriques - By Diana B Henriques NYT TIMES are tough for the technicians of Wall Street, those elves who study various mathematical relationships in the stock market to forecast its path. Indeed, some of the top technical portfolio managers were disappointingNYT - 788 words
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Article595 1990-11-10 25 Geoffrey Foulerton - With some planning and right timing, a non-domiciled individual in Britain can avoid some taxes, advises Geoffrey Foulerton, director of Standard Chartered Bank Trustee Singapore Geoffrey Foulerton IS BRITAIN a tax haven for the non-domiciled? In short, the answer to this question is yes. The595 words
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JOBS
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Article880 1990-11-10 26 Shoeb Kagda - Salaries of local CEOs rank 19th among the top executives of 20 of the most developed countries. But when the cost of living and taxes are taken into account, the picture gets better. Shoeb Kagda reports. Shoeb Kagda SINGAPORE chief executive officers may880 words
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Article, Illustration351 1990-11-10 26 Clifford Thew has joined Argos Engineering Pte Ltd as director and chief executive. He will be responsible for the company's shipbuilding activities in the region. Prior to this, he was the managing director of R Dunston (Hessle) Ltd in the United Kingdom. Peter Wong has been appointed the351 words
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Article441 1990-11-10 26 ONE of the many stereotypes about Japan is that employees follow a cradle-to-grave philosophy, staying on at a company until they retire. While this may be true for some of the older generation, the job-hopping propensity of the younger generation of Japanese is rapidly441 words
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THE TRAVEL PAGE
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Article1029 1990-11-10 27 Ctty Flight ETA Flight ETD Adelaide SQ228 1910 QF82 2115 QF81 2010 Amsterdam SQ23 1345 KL838 2115 KL837 1505 SQ24 2200 Athens 0A471 0015 Auckland NZ21 1720 NZ22 1830 SQ338 2030 BA12 2200 Baiikpapan GA525 1450 Bandar Sed SQ182 0915 ■tfW■ SQ181 1410 Bangkok QF62 11351,029 words
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Article, Illustration755 1990-11-10 27 Celestine Bohlen - POSTCARD FROM BUDAPEST By Celestine Bohlen AS HUNGARY lurches toward a market economy, Budapest's bargains are falling fast, both for those who live here and tourists passing through. Still, it is possible to sit in a cafe, have a cofTee and a cream755 words
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Article151 1990-11-10 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3260 1.3460 Canadian dollar 1.4510 1.4710 NZ dollar 1.033 1.063 Sterling pound 3.358 3.368 US dollar 1.7080 1.7180 luteal dollars to 100 units of foreign currency Austrian schilling 16.10 17.10151 words
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Article71 1990-11-10 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Nov 7-11 International Italy Tonno (39)*****9 Nov 14-20 International Pans Sopros-Btenheim 1/*****000 New Technologies Esposizoni Exhibition of Innovations Fair S.p.A Equipment Mgt Nov 12-15 Fire East 90 Hongkong FMJ International *****8611 for Hotels Publications Nov l6 2371 words
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Article137 1990-11-10 28 Singapore Symphony Orchestra Shanghai-bom violinist Wang Xiao-dong is the guest soloist- The programme includes Ballet Suite No 5 (The Bolt) by Shostakovich and Symphony No I by NUS Associate Professor Bernard Tan. Victoria Concert Hall. 8.15pm. Today only. The Drinkall-Baker Duo Violinist Roger Drinkall and pianist Dian Baker perform137 words
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Article, Illustration296 1990-11-10 28 K Jayanti - Compiled by K Jayanti Masterpieces Of Fine Chinese Paintings On display are 200 original paintings by top artists from China YC Gallery, #02-17 Orchard Point. Tuesday until Nov 18. 11am-7pm. British Masters The Agony and the Ecstasy Suffering and joy are beautifully depicted in this collection of art works296 words
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Article, Illustration530 1990-11-10 28 Days of Thunder. Motorcars and machismo combine with exhaust fumes and engine grease for a pretty convincing movie about stock-car racing; so convincing you could almost smell the burning rubber and the sweaty drivers' 80. Tom Cruise, Robert Duvall and Nicole Kidman glorify this very American sport with some530 words
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Page 17 Advertisements
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Advertisement184 1990-11-10 17 iHBBBHhSBBI THE B L 0 0 M ji'.-f*s£g.. gtt it tj f 4 m Bk -;i >r Burberrys is now at Regent Street M L Palais Renaissance. #K?T V"''' SINGAPORE Burt*rrv» Shop-lnShop OAI.MAKI DFS Orchard DFN ClaMnore HAIJFI s ISETAN Hatrlock INFTVS Orchard NAN HEN LEATHER (AKHft REGENT STREET Palais184 words
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Advertisement28 1990-11-10 18 LETTERS TO THE EDITOR BT welcomes letters from you. Address them to: The Editor, Business Times, 390 Kim Seng Rd, Spore 0923. Letters should include your contact numbers.28 words
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Page 19 Advertisements
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Advertisement113 1990-11-10 19 SIMPSON V//A MARINE INTERNATIONAL NEW SECOND HAND YACHT BROKERS Exclusive Agents For: FLYER 10 Stylish performance sports cruiser Ten year hull guarantee Available from stock ex-factory *****.000 FIRST 310 sen Race' t'om tne wdd a'gest HISTAR 42 Quality cojisef from Taiwan Custom sailboat producer 10 year hull guarantee. Price interior113 words
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Page 19 Miscellaneous
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Miscellaneous116 1990-11-10 19 Golf Rules RUl£ 23-1: 100SE IMPEPIME.MT5: WHEN A F14YB?'S BAU- IS IN MOTION, A KSOS£ CN HIS UNE- OF FlAV SHAU' NOT KfcMCVEP •f Jr I «5V* <? RULES OF COlf ©1917 ROYAl AND ANCIENT 601F CIO 8 OF Si ANDREWS AND UNITED STATES 601F ASSOCIATION DOONESBURY BY GARRY TRUDEAU116 words
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Page 20 Advertisements
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Advertisement1339 1990-11-10 20 WHEBE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Some of our best advertising is by word-of-mouth. BRP For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations, 330 *****r338 8585ext *****/6. BUM A.1,339 words
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Page 21 Advertisements
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Advertisement242 1990-11-10 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY '',-ZtnjßEv" BRUNCH: iiam si9.au 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. Ik ANA HOTEL Ife NASSIM MILL, SINGAPORE IC2S. TEL: 732 1222242 words
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Advertisement46 1990-11-10 21 Sumptuous Teochew Cantonese Dian Xin Lunch from $2.40 Daily at Centrepoint: $i fcii, Centrepoint JHf- >fi "ti <>n hard Road Tel: 733 3338 Only on Saturday, Sunday lIS 3 Holiday at Battery Road:- HHIItll 9 Battery Road *BHK) TFnfHrw Stra,,s 1 di Tel: 532 3622 SEA^SsrSL«46 words
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Advertisement25 1990-11-10 23 If you're an expert in your field you'll know that we're the expert in ours. II- BEST VAI.I'H CALL: 747 8622 FOR ENQUIRIES. FAX: *****6525 words
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Page 25 Advertisements
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Advertisement55 1990-11-10 25 Great Eastern Life has over 80 years of experience and the solid back-up of assets of over JF $2.5 billion. M As the leading local life insurer, we 're committed K to taking care of you, now and into the 21st century. K, Great Eastern Life Ij t We take55 words
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Advertisement182 1990-11-10 25 INVESTING IN SHARES? CALL 1 CDOII)G3 v kv ASK FOR CREDIT PLUS I 1 hen opportune knocks you'll want to be It's so easy and convenient to apply for CREDIT ready. Here's where Hong Leong Finance PLUS. Drop by any of our 28 conveniently located and Singapore Finance can help.182 words
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Page 26 Advertisements
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Advertisement350 1990-11-10 26 BUSINESS TIMES TELEPHONE: 730-5937/5902/5942 FAX: 734-4982 Its ffffa DTS MARKETING PTE LTD A leading supplier of Computer Systems and 90S products invites applicants for the posts of: H5l MARKETING MANAGER ■■for APPLICATION SOFTWARE To market application software to medium and small size companies plplffll in Singapore To provide consultation for350 words
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Advertisement16 1990-11-10 26 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... Ask For Jennifer *****37 Noorani *****02 Veronica *****4216 words
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Advertisement160 1990-11-10 26 DHL IN THE NEWS Advertisement DHL SPANS THE WORLD DHL was started in pany with a global network network, .DHL is helping the United States in 1969 of over 1,344 offices serv- companies to improve their by three men Dalsey, ing 55,000 communities in productivity and distribuHillblom and Lind who160 words
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Advertisement34 1990-11-10 27 I would call the pictures very dramatic... very realistic." A participant in the latest survey on The New Paper by Singapore Press Holdings' Research Information Department. 1 tjjtj!Monday to Saturday. p OM*r? 3 I34 words
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Page 27 Miscellaneous
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Miscellaneous168 1990-11-10 27 He should go along way IHI jjH 11 Oh do we 18 Accountant to go 21 Initially having trouble in 22 In favour of a rowing 24 revolutionary (7) 7 p rescn j movement of 26 An off-putting person p< )wer g,7) YESTERDAY'S SOLUTION DOWN 4 8 Morc ncl ned168 words
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Miscellaneous203 1990-11-10 27 Singapore Forecast (Thur) Maximum temperature 32.5* C Assoc humidity 57% Minimum temperature 24. l*C \vsoc humidity 87% Hours of sunshine 8.50 Rainfall in mm Nil Rainfall this month 73.6 Rainy days this month 4 World Forecast Asia-Pacific lIL/lo* C'ond. Auckland 20/12 Fair Bangkok 34-26 Fair Beijing 20/07 Sunny Brunei 32-23203 words
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Miscellaneous17 1990-11-10 27 tviptts me Till TCN TO Five wSk j- 1 e EVENING STANDARD CO. LTD.. IM2-IMO 8 30617 words
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Page 28 Miscellaneous
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Miscellaneous1693 1990-11-10 28 TODAY'S TV WEmmm I ppp** Young Universe. ■MMBMMfeMHI Wonderworks. All About Ah Lang, 10.15pm, jo.'io Solrf!" 1^ 12.20pm, SBC MpU ChiMreas Club. Madama Butterfly undergoes To the cynical and apathetic, Mfc/ J j rTlfilarrtlM*'"^ change in Hongkong the Clean and Green Week r T nso The infinite Voyage, becomes Chow1,693 words
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Miscellaneous643 1990-11-10 28 MOVIES ON TV The Dungeonmaster, Mon, Rebel Without a Cause, Wed, 8.30pm, TV 2 9.30pm, SBC 5 Whilst dallying with the pow- Since most Americans think ers of the galaxies, an evil that growing up meaningfully wizard finds time to ogle at a requires some measure of sexy young thing.643 words
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