The Business Times, 15 December 1990
1990-12-15
1
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The Business Times
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Title Section11 1990-12-15 1 Business Times MCI (P) 16/12/90 Weekend Edition, December 15-16 1990 75*11 words
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NEWS & MARKETS SUMMARY
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101 1990-12-15 1 BRITAIN'S inflation rate fell sharply in November to 9.7 per cent from an eight-year high of 10.9 per cent in October, showing that a damaging price spiral has peaked. Official statistics issued yesterday for the ycar-on-ycar change in the Retail Price Index gave some101 words
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Article25 1990-12-15 1 NEW YORK share priccs opened lower yesterday, with the Dow Jones Industrial Average dropping 7.68 points to 2,606.68, five minutes into the session.25 words
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Article40 1990-12-15 1 LONDON share prices were higher at midday yesterday, buoyed by news of a sharp drop in Britain's annual inflation rate. At about 1215 GMT, the Footsie 100-Sharc Index was up 11.9 points, or 0.5 per ccnt, at 2,184.1.40 words
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Article64 1990-12-15 1 SINGAPORE still has some tough hurdles to cross before it can take full advantage of the recent move by the American government to allow the Republic's air carriers greater access to the US. Although Singapore Airline can now fly to the US via Frankfurt, it is64 words
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Article42 1990-12-15 1 SOFT-DRINKS group Frascr Ncavc churncd out another year of record sales but suffered a drop in earnings largely because of a shortfall in export volume and the disruption of moving to its new plant in Tuas Page 342 words
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Article, Illustration29 1990-12-15 1 Friday Change BT-MGA 589.25 -1.78 Kuala Lumpur ....508.11 +2.68 Hongkong 3.125.69 -24.43 Tokyo 24.349.50 -293.47 Sydney 1,310.0 -10.0 Ihursday Change New York 2,614.36 -7.92 London 2,172.2 +15.329 words
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Article20 1990-12-15 1 Exchange rates USS S$ 1.7130 Yen SSI.2977 MS SS0 636I Money market rates Overnight 5-1/4% unch 3-month 5-1/2% +3/1620 words
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Article37 1990-12-15 1 London Gold AM fix US$373.15 HJSS0.I5 Rubber S'porc Jan 150.25«/kg unch M'sia Jan 239.50«/k g -0.50 KL Tin Turnover 39 tonnes t-9 Spot M$ 15.17/kg unch Credo palm oil Turnover 1,955 lots +1,382 Jan MS846/tonnc 1137 words
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Article, Illustration618 1990-12-15 1 Cuts in taxes and duties Reuter, AFP MALAYSIA yesterday unveiled an expansionary budget for calendar year 1991, cutting taxes and duties to boost economic growth. Finance Minister Daim Zainuddin told Parliament that the government's strategy was to sustain economic growth, curb inflation, improveReuter,; AFP; Bernama photo - 618 words
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438 1990-12-15 1 Bernama THE Malaysian government, in a move to reduce excessive protection for local industries as well as to reduce prices, has proposed the abolition or reduction of import duties on products which have been highly protected for a long timeBernama - 438 words
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300 1990-12-15 1 Reuter US INFLATION at the wholesale level surged by an unexpectedly high 0.5 per cent in November, the Labour Department reported yesterday, dampening Wall Street's hopes for lower interest rates. The advance in the Producer Price Index, as slightly cheaper oilReuter - 300 words
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347 1990-12-15 1 Rahita Elias - By Rahita Elias THE VOLUME of air cargo between the US and Singapore. which has been on the decline, is likely to get a boost from the rcccntlysigncd Singapore-US air agreement. An industry source said that as more US destinations bccomc accessible to347 words
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Page 1 Advertisements
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Advertisement113 1990-12-15 1 s Nikon Ths Vtovld's Finest Photographic System. beary Merry Christmas Aircraft Schedule EL 9 Commodities 15 Company News 3. 4 Cryptic Crossword El 9 Executive lobs El 8 Futures 4 Options 14 Interbank Forex Rates 14 Home News t (USE 10 Money Changer Rates El 9 Money Market 14 Regional113 words
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Advertisement14 1990-12-15 1 OPINIONS Race in which society loses. EL 2 The failure of deception. EL 214 words
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Advertisement12 1990-12-15 1 SPORTS Malaysia Cup final: passion and hunger. EL 3 Focus, Page 612 words
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Advertisement140 1990-12-15 1 LIFESTYLE Cool looks W for hot parties. The rare perfection of Pat eh Philippe at The Hour Glass. met. H ij quisite features that hallmark Choosing a should Especially when re vg ourselves as connoisseurs.And considering the per- W our customers fellow rhilippe. At The Hour Class, you're treated to140 words
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Advertisement11 1990-12-15 1 Nikon Th.WMd'.FkiMt PrnxognpWc *ymm. JOBS Assignment country manager, Vietnam. EL 811 words
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Advertisement24 1990-12-15 1 FINANCE Get ready for a US bull run. EL 10 Interest rates set to pltmge. EL 11 SIA looks to European connections. Page 224 words
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HOME NEWS
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NEWS ROUNDUP
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100 1990-12-15 2 DESPITE an anticipated slower growth for the computer market next year, the response to Singapore Informatics '90 has been good. Organiser Technofairs has reported a record 65,000 visitors for the first two days, double last year's. Although overall sales figures are not available yet, exhibitors100 words
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Article83 1990-12-15 2 THE YOUTHS of Singapore and Indonesia have a vital role to play in nurturing and strengthening bilateral ties between the two countries, said the Minister for Health and chairman of the National Youth Council, Mr Yeo Cheow Tong. He was speaking yesterday at the inauguration83 words
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Article70 1990-12-15 2 THE SINGAPORE Press Holdings (SPH) is sponsoring nearly $9,000 of equipment for the Toa Payoh Senior Citizens Health Care Centre run by the Home Nursing Foundation for patients suffering from arthritis and other muscular and joint ailments. This is part of the SPH's annual sponsorship and70 words
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Article35 1990-12-15 2 THE SENIOR MINISTER of State (Defence), Dr Lee Boon Yang, will visit the Brani Naval base next Tuesday as part of his familiarisation visits to Singapore Armed Forces units.35 words
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Article57 1990-12-15 2 THE THREE judicial managers of Electro-Magnetic (S) Ltd arc Messrs Chan Ket Teck, Tan Swan Jeng and Edwin Khoo of international auditing firm Coopers Lybrand and not Messrs Wong Tui San, Abbasbhoy Haider Nakhoda and Ong Yew Huat as stated in yesterday's story "CAD joins investigation of57 words
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509 1990-12-15 2 Rahita Elias, Dexter Lee - By Rahita Elias, Dexter Lee SINGAPORE still has some tough hurdles to cross before it can take full advantage of the recent move by the American government to allow the Republic's air carriers greater access to the US. Although Singapore Airline can509 words
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334 1990-12-15 2 Claire Leow - By Claire Leow TO CAPITALISE on the growing electronics business in this part of the world, American firm Robinson Nugent has entered into a joint venture with local electronics company Microtronics Systems. Their new factory fn Lorong Bakar Batu will design and make electronic334 words
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Article, Illustration266 1990-12-15 2 Harish Mehta - From Harish Mehta in HO CHI MINH CITY SINGAPORE company Rothenberger Tools Far East Ptc Ltd, which participated in a trade fair in Vietnam recently, is looking for a Vietnamese business partner. Rothenberger Far East had a booth at the November Quang Trung266 words
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SHIPS IN PORT
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Article558 1990-12-15 2 Vessel hflk M Mnl D^trtun Vessel Voy No Berth Arrival Departw ttoppcl Wharves L. Heng IS K32 alongsde 1712/0600 Lianhuashan 8 R31 alongside 15.12/1800 Mardmness 78NAV2 K34 alongside 18.12/2300 Ocean Pe*1 *****4 (P K29 alongside 14.12/1800 Lucky Boat ***** M2B 15 12/0900 16.12/2300 San Batam S31 M2A558 words
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Article1266 1990-12-15 2 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Record Boattt/Babnce Rdts SNp Hoy No Etb/Btr Period From To From ACX 5A 15/2359 2 14/1700 15/0659 15/0900 ACX Hose 66 17/0700 2 14/1700 15/0659 15/0900 3 15/0700 15/1159 15/1400 4 15/1200 15/1459 15/1700 Ate Bhum 446N 16/0700 2 14/17001,266 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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474 1990-12-15 3 Elaine Koh - Beverage group achieves another year of record sales By Elaine Koh SOFT-DRINKS group Frascr Neave churned out another year of record sales but suffered a drop in earnings largely bccause of a shortfall in export volume and the disruption of moving to474 words
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Article, Illustration322 1990-12-15 3 Elaine Koh - By Elaine Koh ONE OF DBS Land's top men, Mr Loh Soo Eng, is understood to be leaving the group after more than 16 years for another listed company, Wing Tai Holdings. Mr Loh, DBS Land's general manager, has been322 words
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447 1990-12-15 3 Bernama METROJAYA Bhd's offer for sale and public issue involving 5.76 million shares available for public subscription had been oversubscribed by 9.6 times, said MIDF Consultancy and Corporate Services Sdn Bhd in a statement in Kuala Lumpur yesterday. A total of 49,212 applications forBernama - 447 words
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476 1990-12-15 3 Magdalene Ng - By Magdalene Ng THE FIRST listed stockbroker in Singapore, Kim Eng Holdings, has revealed a onethird drop in group earnings for the six months to endSeptember, reflecting the anticipated adverse impact of the Middle-East crisis. Kim Eng said yesterday that its interim group476 words
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343 1990-12-15 3 Lee Han Shih - By Lee Han Shih THE huge discrepancy between a forecast made by QAF chairman Didi Dawi on the company's interim results and the much-poorer actual performance was due to its totally unexpected losses in the second quarter, the food group told the Stock Exchange343 words
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218 1990-12-15 3 Bernama MINORITY shareholders of Sime UEP Properties Bhd have been told to vote in favour of the company's proposal to sell a piece of land measuring 1.26 ha in Subang Jaya and to acquire about 485 ha of land in Seafield and DamansaraBernama - 218 words
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COMPANY BRIEFS
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68 1990-12-15 3 SUMMA INVESTMENTS, which was given a six-month extension by the government in October to reduce its stake in Keppel Finance to below 5 per cent, sold another 2.5 million shares in the listed finance company, reducing its stake to 10.48 million shares,68 words
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Article62 1990-12-15 3 SHAREHOLDERS of First Capital Coiporation approved the group's international arm, the Guoline group, to enter into new distribution and trading agreements with Hong Lcong (M) and five other FCC-related companies at FCC's extraordinary general meeting yesterday. The agreements will essentially form the springboard for FCC's move into62 words
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Article20 1990-12-15 3 BONVESTS HOLDINGS has raised the authorised capital of wholly-owned subsidiary Dyna-Jet from $25,000 to $2 million.20 words
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Article43 1990-12-15 3 UNITED OVERSEAS LAND has changed the name of wholly-owned subsidiary Mount Echo Park, a property development, property investment and equity holding company, to UOL Equity Investments, an investment company holding long-term and strategic investments of shares and securities.43 words
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Article63 1990-12-15 3 PENTEX-SCHWEIZER's shareholders gave approval to its directors on a number of issues at the company's general meeting yesterday, including the offer and granting of options under the company's share option scheme to executive employees eligible under the scheme, and the issue of shares, due to the exercise63 words
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Article47 1990-12-15 3 PALMCO HOLDINGS Bhd is confident of achieving continued growth and improved performance in the coming year. Chairman Datuk Chan Woot Khoon said the group achieved a pre-tax profit of M 50.83 million for the year ended June 30 against a M 55.35 million loss previously.47 words
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Page 3 Advertisements
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Advertisement705 1990-12-15 3 YOU CANT USE THIS CHRISTMAS. #2 1 "SORRY DEAR, NY SCHEDULE WAS SO BUSY, I DIDN'T HAVE TIME." No excuses now that Scotts Weitnauer has come to Changi Terminal 2. Choose from our extensive range of more than 80 top labels for remarkable value. Gift wrapped and delivered anywhere in705 words
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COMPANY NEWS
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COMPANY BRIEFS
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114 1990-12-15 4 GERMAN CAR MAKER Opel signed a deal with eastern Germany's privatisation agency Treuhandanstalt on Thursday, paving the way for construction of a one billion mark (US$675 million), ultra-modern car assembly plant. Louis Hughes, chairman of Opel, a subsidiary of the US114 words
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Article81 1990-12-15 4 HONGKONG LAND Holdings Ltd, the British colony's biggest commercial landlord, declined comment on market talk that it was preparing to acquire all or part of a large British property concern. Shares in Hammerson Property Investment and Development Corp climbed on Thursday in London on the talk.81 words
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Article60 1990-12-15 4 WALT DISNEY Co and the family of the late Jim Henson said the negotiations for Disney to acquire Henson Associates Inc, including principal Muppet characters, had ended. The Henson family, who are joint owners of Jim Henson Productions, the parent company, said: "After 18 months of60 words
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Article98 1990-12-15 4 CASTLE AND COOKE Inc said it will not spin off its Dole Foods unit. "We're not going to pursue a spin-off at this time," Carol Kiein, a Castle and Cooke spokeswoman, said. Earlier, the company said it decided not to sell Dole. Although several98 words
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Article82 1990-12-15 4 JAPANESE oil firm Idemitsu Kosan Co Ltd and South Korean conglomerate Lucky Goldstar Group agreed to jointly start producing coal at an Australian mine from around April next year, an Idemitsu spokesman said. A joint company will be set up by February, and production at82 words
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Article46 1990-12-15 4 GERMAN tyre maker Continental is in talks to,acquire former East German rubber maker Transportgummi in the state of Thuringia, Continental spokesman Dieter von Herz said. He said it was unclear when the talks would be completed, but "the situation doesn't look bad".46 words
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Article50 1990-12-15 4 MATSUSHITA Electric Industrial Co Ltd of Osaka said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in connection with its tender offer for all MCA Inc shares at US$66 each expired on Dec 12. The tender is scheduled to expire Dec 29 unless extended.50 words
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Article, Illustration486 1990-12-15 4 AT&T still placing top priority on friendly takeover Reuter NCR CORP's plans to meet major shareholders are a fresh sign its board is preparing to either reject American Telephone Telegraph Co's US$9O a share hostile bid or force the offer higher, analysts said.Reuter - 486 words
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Article, Illustration336 1990-12-15 4 Reuter HILTON Hotels Corp said it is not in discussions with Donald Trump's company over a possible acquisition of an Atlantic City casino, but said it continues to be interested in buying a boardwalk property. "We're not in conversations with anyone, andReuter - 336 words
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198 1990-12-15 4 ThomsonCSF plans large staff cutbacks AFP DEFENCE contractor Thom-son-CSF announced on Thursday that it would abolish 3,695 jobs over the next three years: 1,084 next year, 1,581 in 1992 and 732 in 1993. But the CFDT union confederation said the figure relates only to Thomson-CSF itself (23,000 employees), and theAFP - 198 words
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420 1990-12-15 4 Reuter HIGHER petrol prices helped Australia's largest company Broken Hill Pty Ltd post a 65 per cent rise in net half-year profits to a record A 5901.8 million (US$6B2 million) yesterday. But excluding net abnormal gains of A$ 157.1 million, the petroleum, miningReuter - 420 words
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263 1990-12-15 4 Reuter INDONESIA'S state-owned tin company PT Tambang Timah, squeezed by tin prices lower than production costs, is offering to subcontract operations at its mines to private firms as it fights to become competitive. "We are offering our onshore mines in Bangka, Belitung andReuter - 263 words
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Article, Illustration576 1990-12-15 4 Reuter TEXAS OILMAN T Boone Pickens may think corporate Japan's defences against unwelcome investors are plenty strong enough, but some Japanese companies feel very exposed. "The buying back of one's own company's shares, and holding companies, which are permitted under US commercialReuter - 576 words
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Page 4 Advertisements
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Advertisement114 1990-12-15 4 YOU CANT USE THIS CHRISTMAS. 13 "BUT HOW COULD I MANAGE CHRISTMAS PRESENTS WITH ALL THIS LUGGAGE?" No excuses now that Scotts Weitnauer gift wrap and deliver anywhere in Singapore. Simply choose from our extensive range of fashion items and accessories for remarkable value while waiting for your flight. We114 words
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FINANCIAL NEWS
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390 1990-12-15 5 Bernama MALAYSIAN National Insurance Sdn Bhd will establish offshore operations on Labuan soon, making it the first insurance company to set up shop at the international offshore financial centre, a senior Bank Negara official said. Abdul Murad Khalid, manager of BankBernama - 390 words
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188 1990-12-15 5 Reuter US NATIONAL banks will no longer be able to include loan loss provisions as part of income when calculating the amount of dividends to pay, the US Office of the Comptroller of the Currency (OCC) said. The OCC, which regulates federally chartered banks,Reuter - 188 words
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249 1990-12-15 5 AS lIIK short-term demand for money stays volatile and overheated, Thailand's central bank believes that lending interest rates may rise by another 0.5 to one percentage point to 17.5 to 18 per cent. The Nation reported on Wednesday. This situation also shows the249 words
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Article, Illustration573 1990-12-15 5 DBS Bank weekly currency report US$/mark: Faithfully 'yours!' THE BEAR divergence seen in the daily stochastics on Thursday last week drove the US dollar to a new historical low of 1.4625 on Monday. Since then, the US dollar has been consolidating between the range of573 words
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Article, Illustration293 1990-12-15 5 Reuter THE NEW ZEALAND government will stand by a rescue plan for the troubled Bank of New Zealand, despite a plunge in BNZ's share price which would allow it to renegotiate the deal, Finance Minister Ruth Richardson said yesterday. Merchant bank FayReuter - 293 words
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299 1990-12-15 5 Reuter CUTBACKS and sackings by foreign banks in Australia are likely to continue and some banks could leave "the lucky country" nursing big losses, bankers and analysts say. It has not been a good week for foreign banks or their employees.Reuter - 299 words
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SMALL CHANGE
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72 1990-12-15 5 SEVEN MEN conncctcd with former New Zealand share market high tlicr Equiticorp International pic, including founder and former chief executive Allan Hawkins, appeared in court yesterday on conspiracy to defraud charges. After a brief court appearance, a grim Mr Hawkins told reporters he would plead72 words
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Article73 1990-12-15 5 YASUDA Fire Marine Insurance Co Ltd of Japan has agreed to tic up in non-life insurance business with Hanoi's only and state-owned Vietnam Insurance Company, a Yasuda spokesman said. Vietnam Insurance handles both life and non-life insurances and has annual net premiums of about 100 billion73 words
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Article87 1990-12-15 5 SOCIETE Gcncralc of France and two Chinese firms have formed a joint venture in Shanghai to provide financial services, partly to spur a major development project in the cast China city, the official New China News Agency said. It said the Shanghai Joint Financial Co has87 words
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Article67 1990-12-15 5 ASB BANK Ltd said it was prepared to take the initiative on cutting lending and mortgage rates if the government's package due next Wednesday produces "what appears to be a sustainable momentum for a lower interest rate regime." In anticipation of that package, ASB said67 words
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Article61 1990-12-15 5 BRITISH stockbroking company Barclays de Zoete Wedd Ltd (BZW) cut 39 staff in its UK equities division on Thursday. Financial analysts said they expected more job losses in the overcrowded industry. "There is still significant overcapacity. To cure the problem there has to be a61 words
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Page 5 Advertisements
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Advertisement273 1990-12-15 5 r EXCUSES YOU CANT USE THIS CHRISTMAS. H "CHRISTMAS PRESENTS? WHAT ON EARTH COULD I BUY AT THE AIRPORT?" No excuses now that Scotts Weitnauer has come to Changi Terminal 2. Choose from our extensive range of top) fashion items and accessories for remarkable value. Gift wrapped and delivered anywhere273 words
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Page 5 Miscellaneous
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FOCUS
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658 1990-12-15 6 Real gross domestic product for 1990 expands by an estimated 9.4 per cent Bernama IT HAS BEEN another good year for the Malaysian economy in 1990 as domestic demand provided the main stimulus to growth while the industrial countries experienced a slowdown, the Treasury saidBernama - 658 words
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419 1990-12-15 6 Bernama THE government has set guidelines for Malaysian and foreign investors to regulate the acquisition of assets, mergers or takeovers of companies and businesses, the Economic Report 1990/91 released yesterday says. The guidelines provide that the proposed acquisition of assets of any interests, mergerBernama - 419 words
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789 1990-12-15 6 Bernama PRIVATE investment in Malaysia is expected to grow by 31 per cent in nominal terms or 25.4 per cent in real terms this year in line with the country's stable economic growth and the increasing confidcncc among theBernama - 789 words
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Page 6 Advertisements
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Advertisement38 1990-12-15 6 rUrl^l Mfl^H FEEL A r ILA FILA SPORTS AND LEISUREWEAR. #01-01, ORCHARD EMERALD, 218 ORCHARD RD (OPPOSITE SOMERSET MRT STATION). TIL: *****54. 181-12, LUCKY PLAZA, 304 ORCHARD RD. TEL: *****85. #01*32, WISMA ATRIA, 435 ORCHARD RD. TEL: *****5938 words
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REGION & WORLD
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Article, Illustration399 1990-12-15 7 Delors presents draft monetary union treaty tomorrow Reuter EUROPEAN Commission President Jacques Delors will unveil a draft monetary union treaty tomorrow that says a future EC central bank should manage a strengthened European currency unit (ECU), officials said on Thursday. The proposal isReuter - 399 words
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362 1990-12-15 7 Reuter BRITAIN's weakening economy suffered another body blow on Thursday when unemployment registered its biggest monthly rise for more than eight years. Official figures showed the number of people without jobs jumped by 57,600 in November to more than 1.76 million in aReuter - 362 words
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409 1990-12-15 7 AP UNITED STATES construction companies have eked out US$lOO million in business under a 1988 agreement to pry open bidding in one of Japan's most exclusive markets, a senior US official said on Thursday. But that's only a fraction ofAP - 409 words
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Article, Illustration383 1990-12-15 7 Bernama MALAYSIA'S International Trade and Industry Minister Datuk Seri Rafidah Aziz has called on large corporations which can afford and have interest in workers' training programmes to set up training centres for specific skills on a sponsorship basis jointly with the government. SuchBernama - 383 words
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345 1990-12-15 7 Reuter THE Russian Federation plans to offer foreign investors a share in its immense export wealth in return for billions of dollars worth of badly-needed consumer goods, a senior government official said on Thursday. Under new proposals to stabilise the economy andReuter - 345 words
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278 1990-12-15 7 AUTOMOBILE production in Indonesia has been projected to reach a record 270,000 units this year, representing an increase of more than 25 per cent on the previous peak of 212,674 units recorded in 1981. The Jakarta Post on Wednesday reported the head of278 words
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260 1990-12-15 7 Reuter EUROPEAN Commission President Jaequcs Dolors will unveil a draft monetary union treaty today that says a future EC central bank should manage a strengthened European currency unit (ECU), officials said on Thursday. He said Mr MacSharry and US Agriculture SecretaryReuter - 260 words
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WORLD WATCH
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109 1990-12-15 7 SLUMPING new-car sales helped pull total US retail sales down slightly by 0.1 per cent in November, the Commerce Department said on Thursday, in a fresh sign of weakening consumer demand. It was the first drop in monthly sales since May, when they were109 words
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Article125 1990-12-15 7 SMUGGLING is on the increase in Vietnam despite efforts by the authorities to curb it, the army daily Qhan Doi Nhan Dan reported on Thursday. Vietnam's borders with China to the north and Cambodia to the southwest are the worst affected, with goods being smuggled125 words
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Article103 1990-12-15 7 JAPAN'S imports on a contract basis jumped 20.5 per cent from a year earlier in November, while exports rose 14.0 per cent, the government said on Thursday. The contracted imports and exports were valued at U5519.52 billion and $23.71 billion respectively, Japan's International Trade and Industry103 words
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Article74 1990-12-15 7 THE 100 member countries of the General Agreement on Tariffs and Trade ended a short annual session on Thursday without fixing a date for resuming deadlocked Uruguay Round trade liberalisation negotiations. Gatt director general Arthur Dunkel, of Switzerland, will reconvene the talks next year74 words
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Article92 1990-12-15 7 INDIA and the Soviet Union on Thursday finalised a bilateral trade plan with a turnover of U555,227 billion both ways for 1991, an official announcement in New Delhi said. A protocol signed between the two sides envisaged Indian imports worth $2,405 billion from the Soviet Union92 words
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231 1990-12-15 7 AFP THAI police have threatened a crackdown on employers of illegal immigrants and syndicates specialising in forging passports and visas, authorities said in Bangkok yesterday. Police quoted deputy national police chief General Manus Krutchaiyunt as saying on Thursday that employers hiring illegal foreignAFP - 231 words
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Article195 1990-12-15 7 AFP UP TO 15 per cent of Hongkong's emigrants who had scurried abroad for foreign passports ahead of China's 1997 takeover were returning to make the most of local "opportunities", the government said on Thursday. Amid an economic slowdown in their adopted countries the favourite destinationsAFP - 195 words
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Page 7 Advertisements
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Advertisement144 1990-12-15 7 LOST CERTIFICATES The following certificates have been reported lost, mislaid or destroyed: No. ofTSR*/ Name of Company Certificate Noe. In the Name of No. of Stock/ No. of Shares Bukit Sembawang ***** Reginald Ansell 1* 500 Estates Limited *****1 Reginald Ansell 1x 500 Hotel Marco Polo A *****02/11 Dennis Atkinson144 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4618 1990-12-15 8 Diana Oon - By Diana Oon SPECULATIVE trading on Malaysian OTC counters was the main feature of yesterday's proceedings on the Singapore stock market. Dealers said there was heavy prc-Malaysian Budget buying yesterday afternoon, with the main benefactors being cheaper second-line counters as well as Umno-relatcd4,618 words
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Article4098 1990-12-15 9 Main Board DBS Foreign 1070 30 2.9% Jurong Ship 50« 570 +20 +3.6% Metro Hldgs 474 +20 +4 4% Spore Land 540 +15 +2.9% Hwa Hong 136 7 5 4% Singmarine 50* 354 +6 +1.7% OCBC Foreign 845 +5 +0.6% UOB Foreign 625 +5 +0.8%4,098 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3967 1990-12-15 10 Bernama SHARE PRICES on the Kuala Lumpur stock market ended mixed to firmer as profit-taking alternated with bargain-hunting ahead of the presentation of the 1991 Budget yesterday. The KLSE Composite Index closed 2.68 points higher at 508.11 while the Industrial Index rose 6.05 points to 1,016.69.Bernama - 3,967 words
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Page 10 Advertisements
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Advertisement15 1990-12-15 10 v""'"' h -;A< y# "i 6.X f K»PI'I11 fn iTynß rfiiHlif»»*tnntn^^»jff.i>*?WM 1?n ON SALE NOW15 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2148 1990-12-15 11 Reuter TOKYO stocks finished lower after posting the heaviest turnover in nearly two months. The market closed broadly weaker on net futures-re-lated index selling as brokerages settled December futures contracts, which expired on Thursday. "There were buyers waiting at lower levels," a fundReuter - 2,148 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2024 1990-12-15 11 Reuter, AFP SHARE prices closed lower in dull trade and brokers said the traditional Christmas holiday doldrums had got under way. The blue-chip Hang Seng Index eased 24.43 points to 3,125.69 and the broader-based Hong Kong index lost 15.43 to 2,048.81. TurnoverReuter,; AFP - 2,024 words
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Page 11 Advertisements
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Advertisement38 1990-12-15 11 Tokyo prices are provided by Telerate j THINK! Before you make your move, read HXECLTIWEAPfoINTMENTS Business Times Hongkong prices are provided by Telerate Tbe iSSSffIS f offer s lb the most current |h list o/ job t opportunities38 words
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REGIONAL STOCK MARKETS
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No news of rate cut, so Aussie shares fall
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Article943 1990-12-15 12 THE Federal Government's failure to deliver the much anticipated cut in official interest rates saw Australian shares end the week on a sorter note. Brokers said hopes for a rate cut were inspired after the November labour force data showed unemployment at 8.2 per cent. But the Reserve Bank943 words
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Article316 1990-12-15 12 TAIWAN stocks finished slightly lower across the board after a day of slow trading that saw many investors opting to stay out of ihe market, dealers said. The weighted index lost 68.07 points, or 1.6 per cent, to finish at 4,304.31 compared with Thursday's 4,372.38 close. Turnover was N316 words
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Article539 1990-12-15 12 PHILIPPINE shares closed higher but mixed yesterday with interest in some blue chips supporting the market against profit-taking pressure in oils, brokers said. The Manila Stock Exchange composite index ended up 2.38 at 690.25 points. Combined turnover on the two bourses cased to 5.45 billion shares worth 231.6 million539 words
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Article705 1990-12-15 12 THAI stocks closed higher yesterday on a limited rally led by finance issues and on speculation that Prime Minister Chatichai Choonhavan may announce his new cabinet tonight, brokers said. The SET Index rose 5.48 points to finish at 649.58 in moderate trade. Siam Cement was steady at 5,286 baht,705 words
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Article812 1990-12-15 12 SEOUL stocks fell for the fourth day in a row on growing doubt among individuals that a year-end rally would materialise, brokers said. The composite stock index lost 2.76 points to 710.06, with volume moderate at 204.3 billion won against 175.7 billion on Thursday. Falls led rises 422 to812 words
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Article292 1990-12-15 12 NEW ZEALAND shares recovered some of their early losses but still closed below 1.200 on the Barclays index for the first time since August, 1984. Brokers reported mild afternoon support for Brierley Investments below the US$l mark, as well as other leaders which had fallen this week on292 words
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Article568 1990-12-15 12 Reuter LARGE price rises on a couple of small share trades pushed the Jakarta Stock Exchange index upwards yesterday, taking it 4.29 points higher to 390.41. Insurance firm Asuransi Bina Dharma Artha jumped 40 per cent to close at 3.500 rupiah. Reuter Jakarta Rupiah VoK*00) Abda 3500 F 1000Reuter - 568 words
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Article85 1990-12-15 12 INDICES TURNOVER Close Dec 14 Previous SYDNEY All Ordinaries Index Ml Industrials Index All Resources liulcx Turnover (million) 1.310.0 l,«MJ 782.6 61.30 1.320.0 2.0034 792.5 66.0 -10.0 -9.1 -10.0 -4.7 BANGKOK SFr Index Turnover (million) 649.58 NA 644.10 67.12 5.48 JAKARTA Composite Index 390.41 386.12 4.29 MANILA Composite Index Turnover85 words
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Article306 1990-12-15 12 DEC 13 Index In Inral currency day year change change in 99 day S year change change day year change change World $EAFF. Europe 367.4 487.4 379.3 809.2 1.0 1.2 0.3 2.0 -21.0 -28.4 -15.8 -36.1 0.6 1.0 0.2 1.6 -24.1 -28.3 -11.3 -37.8 0.8 1.2 0.4 1.8 -15.6 -20.3306 words
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Page 12 Advertisements
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Advertisement17 1990-12-15 12 losing prices for all markets except Taipei are provided by Telerate. Innovation Technology in BT on Tuesday17 words
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WORLD STOCK MARKETS
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Vista takeover move props up dull session
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Article, Illustration993 1990-12-15 13 SPECIAL situations most notably the US$55-a-share takeover of Vista Chemical Co sparked interest in an otherwise listless day on Wall Street. Shares ended mixed as blue chips faltered. Investors found few incentives to bid up prices. The bond market dropped sharply, oil advanced a dollar, and the timetable993 words
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Article, Illustration878 1990-12-15 13 UK SHARES were strong at yesterday's midsession, supported by the November Retail Price Index data which showed that inflation has fallen to 9.7 per cent from 10.9 per cent. Shares began moving up prior to the release of the data at 1130 GMT and showed slight gains when the878 words
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Article297 1990-12-15 13 DUTCH shares opened a little easier as attention shifted to the bond market where a new 10-year nine per cent de- benture loan was announced yesterday morning. At 0930 GMT the CBS all-share trend index was 0.1 points lower at 97.5. Oil group Royal Dutch was 0.10 guilders higher297 words
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Article172 1990-12-15 13 BELGIAN shares cased an average one quarter per cent in thin pre-weekend trading yesterday as investors shunned the market. "Volume is getting thinner the closer we get to the end of the year," said one trader. "People just won't take the risk to open large positions with holidays coming172 words
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Article193 1990-12-15 13 GERMAN share prices dropped 0.6 per cent in a disappointed market yesterday, as fading hopes for a further rally before the year-end prompted some investors to sell in thin volumes. "There arc a few people who still believe we could reach 1,600 (DAX points) by the end of the193 words
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Article79 1990-12-15 13 PRICES on the Stockholm bourse fell in moderate early trade yesterday in reaction to a gloomy forecast on Sweden's economy from the Organisation for Economic Cooperation and Development (OECD), dealers said. By mid-morning, the bourse general index had lost 0.12 per cent to 891.97 in turnover of 100 million79 words
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Article259 1990-12-15 13 FRENCH share priccs idled lower at yesterday's midscssion, with operators increasingly reluctant to take initiatives ahead of a weekend, during which the Gulf situation could changc suddenly, dealers said. The CAC-40 index stood 14.29 points lower at 1,645.11 at 1129 GMT. It had opened 14.59 points down at 1,644.81.259 words
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Article329 1990-12-15 13 JOHANNESBURG share prices showed hardly any change in slack morning trading yesterday, with dealers anticipating another quiet day ahead of the weekend and seasonal Christmas holiday period. By 10:15 the JSE all-gold index had slipped a shade further to 1136 after weakening to a 1141 close on Thursday while329 words
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Article230 1990-12-15 13 TORONTO stocks closed flat on Thursday after treading in a narrow range throughout the day, dealers said. "Basically a slow, dull and drab day. Nothing came through to really give us a shot in the arm," Said Ira Katzin, an analyst with Richardson Greenshields of Canada Ltd. Uncertainty over230 words
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Article115 1990-12-15 13 Milan Dec 13 lire Ass Gen ***** +1530 Bastogi 319.00 +21 Fiat 5928 +258 F insider susp IfiPriv ***** +635 Italcementi Ord ***** +1140 I taigas 2716 +6 Magneti M Pf 920 37 Mcdiobanca ***** 490 Miralanza Mondadon Priv susp Montedison 1480 79 Olivetti Ord 3498 95 Olivetti Priv 2725115 words
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Article377 1990-12-15 13 Reuter SWISS shares opened quietly lower yesterday as overnight losses in Tokyo and New York and easier German shares depressed sentiment, dealers said. The SMI index of leading shares dropped 11.5 points to 1,405.5 in the first 20 minutes of trading. In the late morning the Swiss National BankReuter - 377 words
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Article88 1990-12-15 13 INDICES TURNOVER Dcc 13 Claw PrevkMH NEW YORK IXwv Jones 2.614.36 2.622.28 -7.92 NYSE Financial 122.36 122.87 •051 S&l' 500 329.33 330 19 ■0 86 Turnover (million) 162.1 182 -19.9 LONDON Financial Times .10 1.704 9 1.692.2 12.7 FTSE 100 2.172.2 2.156 9 f 15.3 Turnover (million) 693.6 504 188 words
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Page 13 Advertisements
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Advertisement13 1990-12-15 13 CHARTPOINT, a guide to investing in the stock market. Every Saturday in BT.13 words
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CURRENCY, MONEY & FUTURES MARKETS
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1178 1990-12-15 14 REPORTS Reuter THE US dollar steadied in early European trading yesterday as the market awaited a batch of US economic indicators that could foreshadow a further cut in interest rates. The US currency was quoted at 1.4793 marks and 132.15Reuter - 1,178 words
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Article386 1990-12-15 14 Cross rates d^m USS S$ MS Dm Yen SFr AS NZS USS 1-7110 2.6930 1.4760 132.00 0.5136 1.2630 1.3123 4.6708 S$ 0.5845 1.5739 0.8627 0.7715 0.3002 0.7382 0.7670 0 9765 MS 0.3713 63.54 0 5481 0.4902 0.1907 0.4690 0 4873 0.6204 Dm 0.6775 1.1592 1.8245 89.43 0.3480386 words
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Article562 1990-12-15 14 Interbank rates S$ Offer <Jvernight 5 1/4 5 1/4 I-month 5 3/8 5 1/2 2 month 5 7/16 5 9/16 J-month 5 1/2 5 5/8 Overnight mode: 5 1/8 L'SS Bid Offer TJays 7 5/16 7 7/16 1 month 8 1/8 8 1/4 2 months 7 7/8 8562 words
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459 1990-12-15 14 Reuter THE GERMAN Bundesbank on Thursday stressed it would maintain a tough antiinflationary policy, setting an ambitious 1991 monetary growth target and warning that monetary policies would have to stay tight. Speaking to journalists in Frankfurt, Bundesbank president Karl Otto Poehl said the BundesbankReuter - 459 words
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163 1990-12-15 14 AP OIL TRADERS might have two places to buy and sell crude oil futures in New York, if the Commodity Exchange Inc of New York and London's International Petroleum Exchange can agree on a deal being discussed. "We've been considering agreements with manyAP - 163 words
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Article1246 1990-12-15 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol IXx 90 92 24 9125 9122 91 25 1800 ***** 153? Mar 91 92.68 92.69 92.67 92.68 8000 ***** 4886 Jun 91 92.76 92.79 92.76 92.78 2300 8111 2740 Sep 91 92.71 92.73 92.70 92.71 1050 2814 6841,246 words
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COMMODITIES
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Article, Illustration462 1990-12-15 15 Reuter US ANALYSTS said Opec's decision to allow members to continue pumping at capacity until the Gulf crisis is resolved does little to ease the uncertainty hanging over world oil markets. Analysts said the accord was the only one possible, given theReuter - 462 words
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198 1990-12-15 15 Reuter CHINA will recognise full foreign ownership and take other liberal investment measures to win Japanese participation in developing placer mines in southern China, a Metal Mining Agency of Japan (MMAJ) official said. China plans to develop ilmenite, rutile and zircon deposits in southernReuter - 198 words
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880 1990-12-15 15 REPORTS Reuter THE tin pricc on the Kuala Lumpur Tin Market was unchanged yesterday at M$ 15.17 a kg despite the easier trend on the London Metal Exchange overnight. Dealers said prices on the LME could be set to drift down towards theReuter - 880 words
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Article1342 1990-12-15 15 Rubber Dec u KftS (>■> Mm) S cents/kg Noon Close Int I RSS Prompt 150.7V15I.75N 151.00/152.00 Int I RSS Jan 91 I50.0CVI50.50 150.25/150.75N Int I RSS Feb 150.50/151.00 150.7V15I.25N Int 2 RSS OP I47.50/149.50N 147.50/149.50N Int 3 RSS OP 142.50/144.50N 142.50/144.50N Int 4 RSS OP 138.50/140.SON 138.50/140.SON Int 51,342 words
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Page 15 Advertisements
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Advertisement7 1990-12-15 15 Executive Jobs every Saturday in Business Times7 words
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Advertisement476 1990-12-15 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP.» AND IN THE MATTE* OP TAISOON FARM PTE.LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the ■—b— of the abovenamed Company duly convened and held at 101 UpperCroaa Street #05 14 People s Part Centre ''"IT"* 0103 oa476 words
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Advertisement482 1990-12-15 15 IN THE MATTER OP THE COMPANIES ACT, CAP.» AND IN THE MATTES OP VEST CHOKE HOUSING AGENCY PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the —fc— of the abovcnamed Company duly convened and held at 101 UpperCroea Street #05-14 People's Pwk Centre Singapore 0105 oa482 words
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469 1990-12-15 16 Genevieve Cua - Company may set up a software development centre in Singapore From Genevieve Cua in Tokyo FUJI XEROX, a leading name in copying equipment, may set up a software development centre in Singapore where its Asia-Pacific headquarters will be based. The company is also studying469 words
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284 1990-12-15 16 Bernama SINGAPORE has joined Malaysia in opposing the increase in cost of transporting rubber imposed by the Far East Freight Conference (FEFC), Risda director-gener-al, Datuk Hassan Ibrahim, said yesterday. He hoped Thailand and Indonesia would also support Malaysia in its stand on the issue.Bernama - 284 words
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Article143 1990-12-15 16 AFP THAI Prime Minister Chatichai Choonhavan announced his new coalition government yesterday, five days after he resigned. The Premier, 71, has brought in two former opposition parties to the government, giving his coalition a total of 227 seats in the 357strong Parliament. But Mr Chatichai's ChartAFP - 143 words
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Article, Illustration402 1990-12-15 16 AFP CHINESE Premier Li Peng yesterday endorsed the Philippines 1 booming commercial relations with Taiwan but called on Manila to refrain from official contact with Taipei, Filipino officials said. He also restated to President Corazon Aquino Beijing's "position in principle of opposition to foreign basesAFP - 402 words
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235 1990-12-15 16 Reuter UNITED STATES Agriculture Secretary Clayton Yeutter said yesterday he saw hopes of rescuing Gatt world trade talks, which collapsed last week in disarray over cutting farm subsidies. "I am more optimistic than last week," he said after meeting European Community Farm CommissionerReuter - 235 words
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142 1990-12-15 16 Reuter BRITISH Prime Minister John Major, attending his first European Community Summit, said yesterday that Britain wanted to play a central and positive role in Europe. "I don't think anyone in the Community wants confrontation," Mr Major told reporters before the openingReuter - 142 words
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Article, Illustration404 1990-12-15 16 SN Vasuki - By SN Vasuki THE FAILURE of the Uruguay Round of talks will have serious implications on world trade and a deadlock may lead to the formation of restrictive trading blocs, said a leading Canadian businessman. Thomas D'Aquino, president and chief executive officer404 words
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541 1990-12-15 16 AFP BROKERS on Friday backed the Kuala Lumpur Commodity Exchange (KLCE) which is fighting off a puzzling bid by a private consortium to introduce options and financial futures trading. The merchant bank which announced on Tuesday it had government approval inAFP - 541 words
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497 1990-12-15 16 The Gulf Crisis Agencies THE United States and Iraq clashed angrily over the dates of prospective Gulf crisis talks on Thursday as US President George Bush and Iraqi leader Saddam Hussein exchanged strong words. Bush derisively dismissed any suggestion he might rewardAgencies - 497 words
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Page 16 Advertisements
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Advertisement5 1990-12-15 16 (SArchu) Genuine l eather Collection5 words
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Advertisement5 1990-12-15 16 (sAcewT) dm nine Leather Collection5 words
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Executive Lifestyle
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Article, Illustration1276 1990-12-15 17 Jaime Lye - Jaime Lye tells of a teddy who wants to be more than a gift Jaime Lye 5 Y 1 WAS the night before Christmas I and the Promenade was dark. Benny the bear awoke from his nap, one of the two that he and hisIllustration from Hallmark wrapping paper; Illustration from Promenade brochure - 1,276 words
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STRAWS IN THE WIND
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Article67 1990-12-15 17 SPOTTED at a supermarket: an elderly woman trying to pay for her groceries with an ATM card. It must have been her first time, for when she was handed the console to key in her PIN number, she looked around suspiciously before whispering; "Wei, wei, wo de67 words
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Article73 1990-12-15 17 "IF YOU would like to find someone to love and care for you... come to Introducer, where there are hundreds of post-graduates, graduates, diploma holders and *A' and 'O' Level members just waiting to be friends with you." And so sums up a flyer for this dating agency. But73 words
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Article24 1990-12-15 17 THERE is talk that The Mirror will be revamped and relaunched. Some wag has already suggested a name for it: Goh Magazine.24 words
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Article78 1990-12-15 17 A YOUNG man who turned up for a wedding dinner was incredulous when the restaurant waiters burst into laughter when they saw him. When he indignantly asked if they were laughing at his fashion sense, one of them said: "No, Sir. But the wedding was yesterday. All the78 words
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OPINIONS
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Article895 1990-12-15 18 Tan Kee Wee - Why do the people of Myanmar now blame their economic woes on an oppressive regime? Tan Kee Wee on how the loss of faith came about Tan Kee Wee Dr Tan Kee Wee is a research fellow on regional economies at the Institute of South-East Asian895 words
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Article, Illustration1050 1990-12-15 18 Tan Tarn How - Some people would make the claim that racial feelings are and primeval :*2ind, therefore, [•Natural. Being natural, they must But this is ifot the case, says rjfan Tarn How. for moral and societal reasons it is jiinacceptable to make race the grounds on which1,050 words
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SPORTS
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Article, Illustration1196 1990-12-15 19 Walton Morais - Today is Cup final day. Singapore challenges Kedah for glory in the Malaysia Cup soccer competition at Kuala Lumpur's Merdeka Stadium. Walton Morais, who has a 100-per cent record predicting boxing fights, sticks his neck out again Walton Morais The writer is a Malaysian Forget what the1,196 words
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SIDE LINES
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Article48 1990-12-15 19 AMERICAN Davis Cup hero Michael Chang became the first man to reach the semi-finals of the US$6 million Grand Slam Cup when he beat French jester Henri Leconte 7-6 6-3 on Thursday. Chang, the 1989 French Open champion, kept his concentration despite Leconte's constant clowning.48 words
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Article82 1990-12-15 19 US OPEN champion Pete Sampras has yet to register his remarkable rise in tennis in his mind. But the aches and pains of a successful year are already plaguing his body, at the age of 19. The American battled his way into the semi-finals of the Cirand82 words
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Article95 1990-12-15 19 SOVIET YACHTING officials said on Thursday they are ready to make their bid for the America's Cup in 1992 with some help from the Soviet space industry. It would mark the Soviets' first attempt to claim the cup. Three Soviet firms are working now on the95 words
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Article75 1990-12-15 19 CATHY JOHNSTON became one of the few women to ever lead a mixed golf event when she birdied the final three holes on Thursday for a 5-under-par 67 and a onestroke lead in the opening round ol the US$3OO,OOO Spalding Invitational Pro-Am. Johnston had her75 words
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EPICURE
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Article, Illustration443 1990-12-15 20 Quek Swee Peng - Quek Swee Peng savours the scent of chrysanthemum in her snake soup Quek Swee Peng WHAT IS IT about exotic Chinese delicacies that inspires poetic outbursts among even the most unemotional? I have never ceased to chuckle at the literal and at times ludicrous EnglishPunch - 443 words
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LIFESTYLE 1
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Article, Illustration539 1990-12-15 21 Samuel Ee - Roby Duke is not singing for his supper. He's singing so that the children of the world can get theirs. Samuel Ee meets the man Samuel Ee IT IS the season to be jolly but one American singer won't be singing any Christmas539 words
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Article, Illustration683 1990-12-15 21 N K Yong - WINE By N K Yong IN SPRING this year, during the course of a more extensive tour of the Brunello di Montalcino region of Italy, I visited II Poggione again. My first visit some 18 months ago had been far too brief; there was683 words
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Article, Illustration346 1990-12-15 21 Sybil Holloway - BRIDGE By Sybil Holloway IT IS said that one day, playing in a game of whist at the notorious gaming rooms in Bath, the Duke of Cumberland, son of George 111, King of England, who was an inveterate gambler for high stakes, was dealt this346 words
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Article, Illustration648 1990-12-15 22 RINGO LIEW - CD Review By RINGO LIEW IT'S THAT time again when the tropical air resounds with songs of snow, Santa Claus, mistletoe and chestnuts roasting on an open fire. Just a few degrees north of the Equator, notions of sleigh rides, reindeer and other polar648 words
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Article, Illustration337 1990-12-15 23 SAMUEL EE - YES! It's here again. That time of year for some yuletide cheer, new festive gear, egg-nog, red sock and a big, big, big Christmas Eve party. But there's a small sartorial snag. Because while you know you don't want to look like Santa, you re afraidPhotography: Lim Sin Thai - 337 words
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JOBS
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Article, Illustration239 1990-12-15 24 Ang Ah I.ay has been appointed general manager of 3untec Investment Pte Ltd. He will develop new business opportunities in Singapore and the region. Prior to this, he was an executive director of Elders Pacific Ltd. Wong Jee Tu has been appointed principal consultant of Ward Howell International239 words
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Article, Illustration990 1990-12-15 24 Harish Mehta - With more and more companies planning their move into Vietnam, just what is life, and business, like as a country manager? Harish Mehta talks to a few in Vietnam. Harish Mehta SHANTANU Srivastava doesn't like to travel too far from a tennis court. Why, then, is990 words
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Article1130 1990-12-15 25 at* Adelaide Amttrdji Flight 1 SQ228 1 QF8i lTA Flight 1910 QF82 2010 1345 KL83J 1505 SQ24 ETD 2115 2U5 2200 City 1 KucMng 1 1 1 Flight MH641 MH643 ETA 1225 1 1645 2310 Flight MH640 MH646 MH644 C 1 1 ETD •900 615 9451,130 words
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THE TRAVEL PAGE
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Article, Illustration482 1990-12-15 25 LETTER FROM INDIA Thirty-six tiny islands with a total land area of only about 3.2 hectares constitute the archipelago of Lakcshadweep, the smallest of the States and Union Territories of India. Until 1956, the islands formed part of the state of Madras, and were482 words
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Article152 1990-12-15 25 As at 3pm yesterday: IxKal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3010 1.3210 Canadian dollar 1.4620 1.4820 NZ dollar 1.0200 1.0600 Sterling pound 3.3200 3.3400 US dollar 1.7090 1.7190 Local dollars to 100 units of foreign currency Austrian schilling 16.20 17.20152 words
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Article84 1990-12-15 25 Duration Tide Venue Organiser Td Duration Title Venue Organiser Tel Jan 16-20 Jan 19-27 Jan 21-24 Tourism Recreation Fair International Exhibition For Caravaning. Motoring, Tourism Middle East Computer Show Netherlands Germany Manama, Bahrain Koninklijke Nederiandse Jaarbeurs Stuttgart er Messe Und Kongress Arabian Exhibition Management WLL (31)30/*****1 (46)711/2589-084 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration611 1990-12-15 26 William Chia - If you are still wondering whether the US is in recession, don't bother. In fact, the current US bear market is already in its last lap,'says Paine Webber senior vice-president Edward Kerschner. William Chia reports. William Chia INVESTORS should position their market strategy611 words
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Article, Illustration1034 1990-12-15 26 The Tokyo stock market has drawn little comfort from a strong rally in Japanese bonds. That, plus a lack of buyers, is why share prices will soon test old lows again. Economist Shell-shocked Japanese equity investors have just enjoyed a two-monthEconomist - 1,034 words
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Article, Illustration1351 1990-12-15 27 Gerald Holtham - Bucking the trend is the best way of striking it rich. But how do you know you are right and others are wrong? Gerald Holtham offers some clues Gerald Holtham The writer is chief international economist, Lehman Brothers International AS EVERY investor1,351 words
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642 1990-12-15 27 Reuter SOUTH KOREA'S stock market, deserted by once-adoring fans, should survive an economic downturn in 1991 like a movie star whose box office appeal has gone but who fights for a comeback, analysts said. They said major indicators pointedReuter - 642 words
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Article603 1990-12-15 27 L1190) Conversion toms I Premium/ (discount) Expiry Amount lafl 1, Cn. using Company Issued f M .uJlaV wits Shaft Ul SIR Com tier Lnstk Cash Cash 1 Lnsfc 1 Gearing 4 Data Mths in units) m m M nom left raw value c&cwt 37.5 1.020 3.420603 words
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Article, Illustration211 1990-12-15 27 Fraser Roach CRUDE PALM OIL; The strong break-out above both its 50 and 100-day exponential moving averages (EMA) after a six-month consolidatory phase carried the commodity through an important resistance at the 750 mark. As most of its oscillators have swung to the extremeFraser Roach; Source: Fraser Roach - 211 words
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DON'T QUOTE ME!
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Article87 1990-12-15 27 BLAND MESSAGES can take on a totally different meaning under some circumstances. Take for example Qaf, which on Monday announced an unexpected 98 per cent fall in its interim earnings to $31,000. Speaking of the prospects in the second half, Qaf said its board87 words
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Article97 1990-12-15 27 POOR DIDI DAWI. Five months as Qafs chairman and4f& is bearing the brunt of its poor results, with questions comiry from all fronts, including the Stock Exchange of Singapon.But what must really hurt is his investment in the compafijL. On Feb 28, he bought four million Qaf shares97 words
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Article50 1990-12-15 27 THE going joke in the stock market, after being hit a flsw years ago by the Pan-Electric affair and now by Electro-Mag-netic (S), is that investors in the future should avoid companies with "electro" and "electric" in their names. Is that a case of twice shocked, forever shy?50 words
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Article118 1990-12-15 27 MAGAZINES are finding it hard to survive in Hongkong. In June, the high flying Billion bit the dust, and has since been incorporated into its once competitor, Asiamoney, the Asian publication of the Euromoney people. And now, Asia Technology, a sister publication of Far Eastern Economic Review,118 words
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TIME OFF
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Article237 1990-12-15 28 SSO Concert Featuring Singaporean Tsao Chieh's orchestral work. Amidst The South Of Winds. which will be accompanied by two poems by Edwin Thumboo, who will also narrate. Plus Tchaikovsky's First Piano Concerto, performed by Japanese pianist Noriko Ogawa. Victoria Concert Hall, today. 8.15pm. In-Tempo 1990 This is an annual237 words
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Article, Illustration285 1990-12-15 28 K Jayanti - Compiled by K Jayanti Photo Finish An exhibition of works by Helmut Newton, Norman Parkinson, Bettina Rheims, Herb Ritts, Sheila Metzner and Bruce Weber. The names I of these internationally ac- claimed photographers are synonymous with the best of I modern photography. The Gallery. #02-26/27 Hilton International. Until Dec285 words
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Article, Illustration581 1990-12-15 28 Air America. They thought this movie would sell with Mel Gibson and Robert Downey Jr's names in the credits, but apparently some people do prefer movies with plots, which is why this flick about a pilot and his young protege crash landed with the critics. Tonight midnight at Bedok581 words
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Page 17 Advertisements
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Advertisement284 1990-12-15 17 BOSQ Today, one watch reigns supreme. ;//ml^Bß t > i ahb^^h ilrs*-Ultra-thin Royal Oak in 18kt gold, diamonds set bezel and full pave dial with 11 rubies. BA *****/722 BA (Ladies) BA *****/477 BA (Gents). In 1972, the master watchmakers by eight hexagonal bolts. The perfect at Audemars Piguet created284 words
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Page 18 Advertisements
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Advertisement62 1990-12-15 18 i y B >^|BHF' The Cutting Edge Arrow shirts. Contemporary designs for those who are a cut above the rest. M MIA'.« If »<-• fj T.« H Available at all leading department stores and also Arrow Shops at OUB Centre. Peninsulo Plozo and Chinatown Point. Licensee 8 distributor: Apparel World62 words
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Page 18 Miscellaneous
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Miscellaneous23 1990-12-15 18 DOONESBURY BY GARRY TRUDEAU hi, wav, I've only oortosecoNPS! 10 sea***! isNT-nm i wjOv (4U;)/, RJPICUIOUS* VOUV c/rtj THINK TH&YCOULV ',96ft. x IJLON6-23 words
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Page 19 Advertisements
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Advertisement95 1990-12-15 19 Xjfi Warm I is&jf/19^^H^B IBP v rf IHI i|^H in uir4^' "M '< 4jttj^* f > iHXv KSv^^^V fill jfl In SKcjawafi -IS^^^H ffiirSh- M| laH jaw fc 1 ,^y Ik WH H|| jS H MM IF YOU FIND ji^^fl !»J\ THE BOTTLE IMPRESSIVE, "iH| I^HB ft I I WAIT95 words
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Page 20 Advertisements
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Advertisement258 1990-12-15 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE Didn't I see you at Scandals? Kvcry Thursday: Indies Night. Every Night: ITie place to %ee and be seen. Scandals, Singapore's most sophisticated club and meeting place. For details on membership, call 330 8310258 words
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Advertisement372 1990-12-15 20 W ouime&'i I CALIFORNIA* CUISINE J TOO LATE FOR BREAKFAST? -Jpv TOO EARLY FOR LUNCH? rW CALIFORNIAN J BUFFET J BRUNCH 'jmL" DELIGHTFUL HOT AND COLD DISHES. A JAZZ ffly> BAND TO PUT YOU IN A MERRY MORNING "1/ MOOD. EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES.372 words
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Advertisement331 1990-12-15 20 Have Poolside "BBQ Buffet" Under the Stars! 1 T Now, besides our weekend steamboat buffet is the new lBg j "all-you-can-eat' Barbeque Adult $15++ Child: $9++ Sfgamboaf Buffet* I* Adult: $1250++ Child: $B++ So /or Sky Garden V Poolside where you get more Ztfb al than _your/air share of fre331 words
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Advertisement358 1990-12-15 20 ted "7T?e Dream Unfolds Anew" Let your nights awaken to new wonders. Come back to our dream oasis of music and magic the newly refurbished, invigorated Kasbah where the magical nostalgic past, the glittering present and the shimmering promise of the future meet. Each night is a flight into destiny358 words
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Page 21 Advertisements
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Advertisement229 1990-12-15 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. H SUNDAY 1 BRUNCH: 11AM TO 2.30PM. fIV AWT lADULTSIADULTS S3ICG+ T* CHILDREN Sl'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. 14 ANA229 words
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Advertisement108 1990-12-15 21 Refrigerated Wine Cellar \h n i If Your perfect answer to wine storage in the tropics Model W Capacity up to 144 hollies Model 4(K) Capacity up to Ml bottles Available ex-stock from the Sole Agent: BONIXBLE BONTABLE AGENCIES (S) PTE LTD #03-05 Sin Cheung Building 47 Jalan Pemimpin Singapore108 words
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Page 22 Advertisements
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Advertisement16 1990-12-15 22 m, v 4 rrs GOT TO BE GORDON'S ii" H -Sfe? "ti 9» ..ii... J mmm16 words
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Page 23 Advertisements
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Advertisement56 1990-12-15 23 i mi hi in ii ii —mnnmrTirrT fl Sole Distributor Triumph International (S) Pte Ltd, 37 Jalan Pemimpm. #02-04 Singapore 2057 Tel *****11 HOM Homewear available exclusively at Daimaru Fashion Tatar Galer.es Lafayette Isetan Wisma Atria Metro Far East Metro Grand S Metro Paragon OG Peoples Park Shangtze Sogo Tangs56 words
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Page 24 Advertisements
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Advertisement322 1990-12-15 24 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 who322 words
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Advertisement165 1990-12-15 24 r 7 o DBS INVESTMENT RESEARCH I (A wlu4ly iiwihil sii}vsi<.li.iry til IVIS Viunlk > Siiiu.i|*hv IV.* Iitl) H DBS Investment Research invites applications for the posts of A) CORPORATE RESEARCH ANALYST I B) ECONOMIST I We would like to hear from you if you have the H following H165 words
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Page 25 Advertisements
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Advertisement86 1990-12-15 25 SOCCER SUNDAY ■BMpH It's the Big Match tonight. Tomorrow, you can read all about the W jg| Malaysia Cup clash between Singapore MALAYSIA r KSQjfl In The New Paper's Sunday Special. Jeffrey Low's report. Pictures. Goal graphics. Interviews. Plus much more. Also, results, reports and pictures of the f English86 words
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Page 25 Miscellaneous
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Miscellaneous265 1990-12-15 25 I Agile chap or eccentric finds island group (I I) 9 Voice a lot discordantly (4) 10 Not a present practice of be- P° ing away from one's work I■■T" Most important 14 Going around drinking (7) 17 Language upsets Reg with 18 Type to put order (4) 19 Dim265 words
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Miscellaneous202 1990-12-15 25 Singapore Forecast Maximum temperature 29.9* C Assoc humidity 77% Minimum temperature 23.3* C Assoc humidity 98% Hours of sunshine 3.40 Rainfall in mm 0.2 Rainfall this month 130.6 Rainy days this month 9 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 22/17 Fair Bangkok 34/23 Fair Beijing -2/-23 Sunny Brunei 32/25 Showers202 words
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Miscellaneous47 1990-12-15 25 r VouN no tt Tickets nou> Fofc tmcX v J&v Y0u...) 5. CMKiSTMAS D4MNG& PvnP DANCC TH£R£l I cr, Arm rr u*u. e>e R gkcat so &et in g^SEj^ l ejFNRLV.... FIRST come EE f[@] V r^~~i gjSl gggi Sgfflß (Vi! r** EVENING STANOAfU) CO. LTD., IM2-IMO47 words
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Page 26 Advertisements
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Advertisement754 1990-12-15 26 LE N G FIN ANCE SINGAPORE FINANCE ONEOR^IoiLoF MORE FREE GIFTS 4*oB ITEMS R%3HU i Zrot(M I 6md» philipsgiftitems' Better More Prizes InOm Grand Lucky Draw St 1.000 SUWO focto l#Ad»T» W MD SV>MM C >' riCbratC ,ood ny*! Srwn IQOHi c/w ■kJ sivumi »io.ooo T»»HH.wfcv«T™«r(iror..ith SSH» VSOT M—l (2754 words
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Page 27 Advertisements
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Advertisement34 1990-12-15 27 Whatever the 21st century holds, have the assurance of financial security and peace of mind. At Great Eastern Life, we 're committed to taking M care of you for life. my*Great Eastern Life ill34 words
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Page 28 Miscellaneous
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Miscellaneous1474 1990-12-15 28 TODAY'S TV Vampire Buster, 10.20pm, Arfcona Bald Eagle, 4.40pm, SBC 8 SBC 5 s tmo. Antique vases, we are told in To proteet the endangered JRi I^'.;^V% j it»f e*l l t )i y ri r H. 30 TV Education. this Hongkong movie, are bald eagle, some biologists .'lt II4S1,474 words
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Miscellaneous651 1990-12-15 28 MOVIES ON TV Gnnga Din, Mon, 10.30pm, Fanny with child. Leslie CaSBCI2 ron, Maurice Chevalier and Before there was the Malay- Charles Boyer sing Hdlo, sia Cup and 100-Plus, there thats smy baby in this flawas the archetypal water-boy. vourful drama. There was Gunga Din. Now How rd th( Dlieh651 words
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