The Business Times, 5 January 1991
1991-01-05
1
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The Business Times
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Title Section11 1991-01-05 1 Business Times MCI (P) 16/12/90 Weekend Edition, January 5-6 1991 75*11 words
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NEWS SUMMARY
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37 1991-01-05 1 POLAND'S parliament yesterday overwhelmingly approved the appointment of radical economist Jan Krzysztof Bielecki as the country's new prime minister. Mr Bielecki, 39, replaces Mr Tadeusz Mazowiecki who resigned in November.37 words
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46 1991-01-05 1 MALAYSIAN police have arrested Maximus Ongkili, deputy chief executive of the Institute of Development Studies and press consultant to the Sabah chief minister, said a colleague who was with Ongkili. Federal leaders have accused him of spreading anti-federal sentiment.46 words
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Article29 1991-01-05 1 DESPITE sluggish exports, South Korean auto makers produced a record 1.32 million vehicles last year, up 17 per cent from the previous year, industry officials said yesterday.29 words
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Article33 1991-01-05 1 SHARE prices rose slightly at the opening on Wall Street yesterday, with the Dow Jones index of leading industrials gainingi).74 points to 2,574.25 in the first five minutes of trading.33 words
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Article42 1991-01-05 1 SHARE PRICES were higher at midday yesterday, boosted, brokers said, by market expectations of a strengthening pound. At about 1215 GMT, the FTSE 100-share index was up 13 points, or 0.6 per cent, at 2,130.8. Volume was 192.2 million shares.42 words
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Article25 1991-01-05 1 A SINGAPORE-SOVIET business association has been set up in Moscow to bring Singapore businesses together and to facilitate their operations there Page 225 words
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Article30 1991-01-05 1 SPECIALIST contractor L&M Group sees explosive growth in the Malaysian construction sector over the next few years and is gearing up to exploit the opportunities there Page 330 words
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Article, Illustration29 1991-01-05 1 Friday Change BT-MGA 585.06 +4.90 Kuala Lumpur ....497.67 -0.32 Hongkong 3046.61 +41.73 Tokyo 24,069.18 +220.47 Sydney 1,241.5. -31.5 Thursday Change New York 2,573.51 -37.13 London 2,117.8 -10.529 words
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Article18 1991-01-05 1 Exchange rates USS SSI.7430 Yen SSI.3076 MS SS0.6436 Money market rates Overnight 4-1/4 -1/2 3-month 4-5/8 +1-3/818 words
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Article35 1991-01-05 1 London Gold AM fix US$388.10 US$1.35 Rubber S'pore Feb 150.7 5«/kg -0.25 M'sia Feb 237.50«/kg -0.50 KL Tin Turnover 14tonnes-23 Spot M$ 14.90/kg +0.06 Crude palm oil Turnover 1,814 lots -318 Jan M$895/tonne +1035 words
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638 1991-01-05 1 Al O Labita - Republic should be able to weather an energy crunch By Al O Labita in MANILA SINGAPORE is unlikely to be the first to invoke the Asean Petroleum Security Agreement (Apsa), a Singapore oil company official said yesterday. This is because the638 words
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Article, Illustration181 1991-01-05 1 Reuter INDONESIA should curb capital investment, which jumped sharply last year, in order to keep the inflation rate below two digits, Finance Minister Johannes Sumarlin said. Indonesia's inflation rate was 9.5 per cent in 1990 against 6 per cent in 1989. "The governmentReuter - 181 words
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521 1991-01-05 1 The Gulf Crisis Agencies THE UNITED STATES Secretary of State, Mr James Baker, has warned that Washington's offer to hold talks with Iraq next week is Baghdad's last chance before the Jan 15 war deadline. In a late effort to avert warAgencies - 521 words
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391 1991-01-05 1 William Chia - By William Chia THE STOCK Exchange of Singapore has reprimanded two stockbroking firms for breaching its bye-laws on margin requirements and fined a third broking house $5,000 for not adhering to good business practices. The two firms which were reprimanded were J Ballas391 words
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Article139 1991-01-05 1 Reuter IN ANOTHER sign that the US economy is in recession, the unemployment rate jumped in December to 6.1 per cent of the work force, its highest level in two and half years, the Labour Department said yesterday. The manufacturing sector continued its two-yearReuter - 139 words
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Page 1 Advertisements
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Advertisement112 1991-01-05 1 Nikon Tho Wbrid't Ftowot Photographic Syttom. COVER On a slow cyclo inside Vietnam EL 1 X t T J v 7 -at- Aircraft Schedule EL 11 Commodities Company News Cmptic Crossword EL 1 Executive tote EL 10 Futures ft Options J« Interbank Fore* Rates 1* Home News KLSE 10 Money112 words
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Advertisement17 1991-01-05 1 OPINIONS One people, one nation. EL 2 Going the full distance in the Middle East EL 217 words
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Advertisement25 1991-01-05 1 LIFESTYLE From teenage pop star to a pro. EL 6 Winner of BTs Crossword Contest EL 6 Indonesia set for modest budget expansion, Pr 625 words
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Advertisement224 1991-01-05 1 PURSUITS MIIHIIH Giving soul and glamour to a Backstreet alley EL 7 The movement of a watch is dust, dirt and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a totally secure protection for the highest mountains, dived to centuries craftsmen have striven the precision Oyster224 words
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Advertisement22 1991-01-05 1 Nikon TtwWbrtd'sFtoiMt Photographic Syttom. FINANCE Asean expected to bear up to Gulf crisis. EL 8 Uncertain year for markets. EL 9 t22 words
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Advertisement9 1991-01-05 1 JOBS Moving out and up the ranks. EL 109 words
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HOME NEWS
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NEWS ROUNDUP
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Article133 1991-01-05 2 A SEMINAR aimed at giv ing students here a better idea of the French education system will be held next week, when French officials are expected to win recognition for French degrees in Singapore. The objectives of the seminar on "French education system and the133 words
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Article136 1991-01-05 2 ANSWERS to employers' questions about the Central Provident Fund are now contained in a handy reference booklet. The booklet, Caring for your employees, carries the answers to common questions like: How are wages classified? What are the allowances that attract CPF contributions? What is the grace period136 words
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Article47 1991-01-05 2 MALAYSIAN Minister of International Trade and Industry, Dato Seri Rafidah Aziz, who is here on a two-day visit, will call on Foreign Minister Wong Kan Seng today. It will take place at the Ministry of Foreign Affairs, 39th Floor, Raffles City Tower.47 words
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Article90 1991-01-05 2 THE National Library, Ang Mo Kio Branch, and the Malayan Nature Society will jointly organise a talk on Swiftlets, a swallow-like bird. Dr Rang Nee, Research Fellow, Department of Zoology, National University of Singapore, will speak next Tuesday at the Lecture Hall, Ang Mo Kio Branch Library, at90 words
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508 1991-01-05 2 Schutz Lee - Matchmaker to help give Singaporeans an edge By Schutz Lee A SINGAPORE-SOVIET business association has been set up in Moscow to bring Singapore businesses together and to facilitate their operations there. The brainchild of Eddie Phoe, managing director of local personal508 words
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Article, Illustration470 1991-01-05 2 Lilian Ang - By Lilian Ang THE neck-and-neck race by oil companies to be the first to introduce unleaded petrol (ULP) in Singapore kicked off yesterday with British Petroleum stealing the thunder from Shell. The UK-based company announced late in the evening that it will start470 words
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SHIPS IN PORT
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Article530 1991-01-05 2 Vessel Voy No Berth Arrwai Depart** Vessel Voy No Berth Arrival Departire Keppel Wharves Con Furano 14A18 K33 alongside 05 01/1200 nabukwa 01/91 K29 alongsde 04.01/1100 Kebon Karet 01/91 K29 alongside 05 01/0530 Kota Berten 1/91 K31 alongsde 05 01/0100 Kota Wangi E-880 K32 alongside 08.01/1500 Pmnorie530 words
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Article1442 1991-01-05 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boofcnf/Balance Rsits Ship Voy No Etb/Btr Period From To From ACX Rose 7B 07/1100 1 04/1500 04/1659 04/1900 3 05/0700 05/1159 05/1400 4 05/1200 05/1459 05/1700 M Goncharov 01SI91 06 0900 1 04/1500 04/1659 04/1900 3 05/0700 05/1159 05/14001,442 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration515 1991-01-05 3 William Chia - Group excited about plans to develop the county's infrastructure By William Chia SPECIALIST contractor L&M Group sees explosive growth in the Malaysian construction sector over the next few years and is gearing up to exploit the opportunities there. Finance director John Lee515 words
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Article793 1991-01-05 3 1990 Malaysian Corporate Roundup MBT LAST YEAR saw several takeovers and restructuring exercises in Malaysia as corporate groups mapped new strategies for growth to parallel the country's firm economic expansion. Takeovers and restructuring programmes were mounted and moved by groups such as Renong, Hong Leong, Inter-Pacific IndustrialMBT - 793 words
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Article704 1991-01-05 3 Prices (as at 3.1.91) Conversion terms Premium/ (discount) Expiry Amount Wrts Star* Lnstk S RfflyEDBI us ng Gearing 4 Company Issued m units) Conv ratio Exer price Lnstk nom value Cash Cash 1 Lnstk 2 Date Mttis left CACWt Causeway Inv 37.5 7.2 0.760 100 1.00704 words
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350 1991-01-05 3 Genevieve Cua - By Genevieve Cua FINLAND'S largest industrial company Neste Corporation is teaming up with Malaysia's Hexza Coporation to manufacture adhesives for wood-rdated industries in Sarawak. The Ms 26 millior joint venture was signed yerterday by the partners in Kuala Lumpur, marking yet another step350 words
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COMPANY BRIEFS
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88 1991-01-05 3 INCHCAPE BHD has sold off its 51 per cent stake in Apro-Asian Protection, a security systems company, to Bobby Lee Hock Guan, the general manager of Apro, for a cash consideration of $529,000 paid in full on Jan 2. The deal is part of88 words
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Article38 1991-01-05 3 HARIMAU Investments said its net tangible asset (NTA) backing is $1.51 per share for each ordinary share of $1. This was based on the company's unaudited accounts as at the end of November, 1990.38 words
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Article96 1991-01-05 3 HONGKONG-BASED IHD Holdings will build a Sheraton Hotel in Kuala Lumpur, a 48-storey tower which, when completed, will be the tallest hotel in the city. A joint-ven-ture agreement between IHD, which is controlled by Malaysian businessman Ch'ng Poh, and Sheraton International will be signed96 words
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Article117 1991-01-05 3 ARAB-MALAYSIAN Development Bhd proposes to use part of the proceeds from the sale of its 29.6 per cent stake in Arab-Malaysian Merchant Bank Bhd to entitled shareholders of AMDB to repay M$ 160.7 million of its total bank borrowings. AMDB's total bank borrowings amounted to M117 words
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323 1991-01-05 3 MBT DIVERSIFIED General Lumber (Holdings) expects to begin timber extraction in Papua New Guinea (PNG) from the middle of this year, group executive director Nik Mahmood Hassan said on Thursday. The first phase covers about 68,190 ha of the total 202,347 haMBT - 323 words
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Page 3 Advertisements
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Advertisement193 1991-01-05 3 BT SURVEYS Looking Wider, Thinking Deeper I I Some subjects are of such interest to our readers that they I I demand more space and more research than can be given In our dally I I reporting. As part of BT's overall service we have always recognised J I this193 words
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COMPANY NEWS
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COMPANY BRIEFS
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91 1991-01-05 4 DUPONT Co unit Conoco said it had formed a joint venture to introduce a national chain of full-service travel plaza-trutk stops along US interstate highways. The firms did not give financial details of the plan. Under the agreement, Conoco will acquire91 words
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Article85 1991-01-05 4 NM ROTHSCHILD and Sons (Australia) Pty Ltd, a whollyowned subsidiary of Rothschild Concordia AG of Switzerland, said it and its associates hold 5.13 per cent of transport group TNT Ltd. Rothschild's ownership of 26.39 million TNT shares was disclosed under a new Australian securities law, which85 words
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Article97 1991-01-05 4 FIAT SpA has called an Italian press report that it is studying a new share buy-back programme "journalistic speculation". The Italian financial daily, II Sole-24 Ore, citing Turin financial sources, said the industrial group was studying another stock buy-back scheme although Fiat's board was not likely to97 words
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Article138 1991-01-05 4 THE THAI subsidiary of the US oil company Unocal announced the discovery of natural gas in two wells in the Gulf of Thailand on Thursday and said it planned further wells in the area. In a written statement the company said natural gas was successfully tested in138 words
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Article80 1991-01-05 4 PORTUGAL'S centre-right government announced on Thursday that it was transforming state steel manufacturer Siderurgia Nacional EP into a public limited company. A statement released after the weekly cabinet meeting said the change was aimed at improving the firm's efficiency and operations to create the proper conditions80 words
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Article64 1991-01-05 4 TOYOTA Motor Sales USA Inc, a unit of Toyota Motor Corp, said it expects a small increase in its US market share in 1991. "I think we'll be between 9.1 and 9.2 (per cent) in 1990," said George Borst, vice-president for marketing for Toyota Motor64 words
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Article99 1991-01-05 4 THE CHAIRMAN of French drinks and dairy products firm Source Perrier said he expected Perrier sales in the United States to recover by this summer to the level attained before it withdrew the product because of a health scare. But Jacques Vincent said he did not99 words
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439 1991-01-05 4 NINE PARTIES, including five foreign investors, will build the Cikampek-Padalar-ang toll road in West Java under a revenue sharing arrangement with the country's sole highway authority, PT Jasa Marga. The Jakarta Post reported on Wednesday that the Ci-kampek-Padalarang section,439 words
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605 1991-01-05 4 Lawsuit is frivolous, says NCR UPI AMERICAN Telephone and Telegraph Co on Thursday asked a US district court in Dayton, Ohio, to order NCR Corp's board to remove NCR's 'poison pill' and other anti-takeover devices. In addition, AT&T charged NCR with violatingUPI - 605 words
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Article, Illustration436 1991-01-05 4 Wranglings over MCA's acquisition by Matsushita Reuter TWO DIRECTORS of MCA Inc sharply criticised Interior Secretary Manuel Lujan over his remarks on the MCA subsidiary that operates concessions at Yosemite National Park and accused him of trying to force MCA to donate theReuter - 436 words
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259 1991-01-05 4 3,000 pensionable employees targeted for layoffs: suit UPI CONTINENTAL Can Co has ended years of litigation by agreeing to a record US$4l5 million settlement of a suit claiming more than 3,000 employees were targeted for layoffs to avoid having to pay theirUPI - 259 words
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361 1991-01-05 4 AP AN APPEALS court on Thursday upheld the conviction of former Singer Co chairman Paul Bilzerian, a renowned takeover investor of the 1980s who received a stiff sentence for securities and tax fraud violations. Bilzerian was convicted in June 1989 on nine counts. HisAP - 361 words
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269 1991-01-05 4 Reuter CHINA'S State Administration of Exchange Control has approved the country's first "modern day" issue of foreign currency commercial paper, to be denominated in both US and Hongkong dollars, the China News Service (CNS) said. The Shenzhen Branch of the ChinaReuter - 269 words
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277 1991-01-05 4 NYT A GROUP from Japan's sake industry plans to open a retail store in Paris in an effort to find a market in France for the country's traditional rice wine. The 100-square-metre store is scheduled to open in February in central Paris.NYT - 277 words
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316 1991-01-05 4 NYT STRUGGLING to reverse what has become a very serious decline. Sears, Roebuck Co said on Thursday it would eliminate 21,000 jobs at its stores nationwide. At the same time, America's largest retailer announced more than a dozen other steps intendedNYT - 316 words
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Page 4 Advertisements
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Advertisement15 1991-01-05 4 Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times15 words
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FINANCIAL NEWS
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400 1991-01-05 5 Bank hard hit by Gulf crisis FT GULF International Bank, the Bahrain-based international bank badly hit by Iraq's invasion of Kuwait, has begun a sizeable retrenchment. Senior officials at the bank, quoted by Reuters from Bahrain, said contracts of all international staff atFT - 400 words
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297 1991-01-05 5 Reuter SWITZERLAND'S Rothschild Bank AG declined to comment on a report in a business weekly that the bank bought shares in Jacobs Suchard AG during Suchard's takeover by Philip Morris Cos Inc last year but did not intend to make a profitReuter - 297 words
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Article, Illustration526 1991-01-05 5 DBS Bank weekly currency review US$/mark: Resuming rally AFTER sinking to a new low of 1.4625 mark on Dec 10, the US dollar staged a strong year-end rally to reach a high of 1.5465 mark on Dec 24 after breaking the long-term trendline joining the highs526 words
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Article, Illustration214 1991-01-05 5 UPI THE US District Clerk plans to invest US$6OO million in civil penalties paid by junk bond king Michael Milken and his cohorts in US Treasury securities, considered one of the country's safest investments. In a one-of-a-kind plan mapped out in Houston, federal clerkUPI - 214 words
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383 1991-01-05 5 NYT US FEDERAL regulators said on Wednesday that many of the 35 credit unions and 10 banks and investment companies that were closed on Tuesday in Rhode Island were too weak to be eligible for Federal deposit insurance. Roger W Jepsen, chairman of theNYT - 383 words
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SMALL CHANGE
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Article67 1991-01-05 5 NORWICH FINANCIAL Corp expects to report a fourthquarter net loss of US$l2.2 million or U552.34 per share, after a US$l6.O million loan loss provision, compared with a year-earlier loss of US$2.3 million or 44 cents per share. For the full year, it expects to report a67 words
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Article61 1991-01-05 5 NATIONAL AUSTRALIA BANK Ltd is closing its representative offices in Atlanta, Dallas and Houston later this month. The closures reflect diminished business opportunities in these markets, according to managing director Don Argus. He said the three oftices were primarily involved in the provision of61 words
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Article52 1991-01-05 5 CHASE MANHATTAN Corp has received approval from the Taiwan Ministry of Finance to add trust powers to the existing banking licences for Chase's Taipei branch. The new powers would allow Chase to act as a local custodian for foreign investors wishing to enter Taiwan's52 words
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Article22 1991-01-05 5 WHITE-COLLAR CRIMINALS defrauded India's stateowned banks of USS2.B6 billion last year, Deputy Finance Minister Digvijay Singh said on Thursday.22 words
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Page 5 Advertisements
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Advertisement542 1991-01-05 5 BUSINES S T I M E S TELEPHONE: 730-5937/5902/5942 FAX: 734-4982 ■I Applications are invited from suitably qualified candidate for the post of EFFECTIVE RECRUITMENT ADVERTISING. A CALL we are a leading publicly-listed company which offers highly competitive AWAY.... remuneration packages. N[H We are currently looking for a dynamic and542 words
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THE REGION
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NOTE BOOK
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105 1991-01-05 6 A TOTAL of 91,202.8 hectares of padi fields in Malaysia have remained idle for the past six seasons because of such factors as lack of manpower, water and infrastructure and uneconomical size of land, the Dewan Rakyat was told on Thursday. The105 words
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Article116 1991-01-05 6 ABOUT 70 buyers who have paid some Ms 4 million for industrial lots in Bukit Maluri in Kepong, are up in arms over a move to auction the land, the Afew Straits Tiiti€S said on Wednesday. A finance company has obtained a judgement order116 words
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Article76 1991-01-05 6 THE SECOND Soviet trade team to visit anti-communist Taiwan has arrived with plans to buy US$5 million worth of television sets, video cassette recorders and sporting goods, officials said on Friday. A spokesman for the semiofficial China External Trade Development Council said the 11-member76 words
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Article86 1991-01-05 6 A TOTAL of 724 foreign fishermen were prosecuted and 94 foreign boats confiscated last year for encroaching in Malaysian waters off north-eastern Trengganu state, Bemama news agency said yesterday. The agency, quoting State Fisheries Department Director Ismail Taufid Mohamad, said that fines totalling Ms 69 million were86 words
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Article123 1991-01-05 6 TAIWAN is seeking fishing rights from the Soviet Union and Vietnam after its operations off South Africa were cut back, the Council of Agriculture said on Friday. Chairman Yu Yu-hsien told reporters Taiwan had made initial contact with the Soviet Union and Vietnam on the issue.123 words
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Article93 1991-01-05 6 AUSTRALIANS are claiming more tax deductions, costing the government money, but they are not cheats, a taxpayers' group said yesterday. Tax deductions have risen sharply since the government began in 1986 what it calls the self-assessment plan, which reduces work for the taxman in screening93 words
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405 1991-01-05 6 AFP THE INDONESIAN government, flush with a huge oil windfall, is likely to allow a modest increase in its budget spending to boost economic growth while keeping inflation under control, analysts said yesterday. The concern over inflation, almost the sole preoccupation of the governmentAFP - 405 words
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Article, Illustration331 1991-01-05 6 Reuter HONGKONG, which had refused to allow direct scheduled flights to Vietnam until the boat people issue was solved, is to lift its objection within the next few days, government and industry sources said. The move will allow the British colony's main carrier,Reuter - 331 words
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309 1991-01-05 6 A SUBSTITUTE decree on land acquisition will be issued in the near future to take the place of an existing highly controversial one, the Jakarta Post reported on Thursday. The disputed decree issued in 1976 has to be amended because it309 words
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Article, Illustration258 1991-01-05 6 Bernama INDONESIA'S Foreign Minister Ali Alatas said on Wednesday that Asean should intensify its political will to achieve greater economic cooperation in facing global changes. Mr Alatas, speaking at a year-end news conference in Jakarta, said he hoped the upcoming Asean summitBernama - 258 words
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441 1991-01-05 6 Bernama PAWNSHOPS in Malaysia should come under the jurisdiction of the newly-created Ministry of Domestic Trade and Consumer Affairs and not the Ministry of Housing and Local Government, the Federation of Malaysian Consumers Associations (Fomca) suggested on Thursday. Fomca presidentBernama - 441 words
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Article, Illustration284 1991-01-05 6 Bernama THE MALAYSIA Tourist Development Corporation (TDC) should give more prominence to Sarawak in its tourism promotion, especially in overseas markets, a state leader suggested. Datuk Amar James Wong, Sarawak's Environment and Tourism Minister, speaking at the opening of a tourist guideBernama - 284 words
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Page 6 Advertisements
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Advertisement312 1991-01-05 6 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ARGO LAPAN SHIPPING PTE LTD (In Members' Voluntary Liquidation) Extract of the minutes of an Extraordinary General Meeting of the members of Argo Lapan Shipping Pte Ltd convened and held at #33-15 International Plaza, 10312 words
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Advertisement367 1991-01-05 6 In the matter of THE COMPANIES ACT, CHAPTER 90 and In the matter of SEAMAR SHIPPING PTE LTD (M VOLUNTARY LIQUIDATION) At an Extra ordinary General Meet ing of the members of Seemar Shipping Pte Ltd duly convened and held at 50 Raffles Place, #15-03, Shel Tower, Singapore 0104 on367 words
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Advertisement290 1991-01-05 6 SENORITA PRIVATE LIMITED (In Members' Voluntary Winding-up) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company convened and held at 1 Colombo Court #07-19 Singapore 0617 cn Friday 28 December 1990, the following Special Resolutions were duly passed1. That the Company be wOund-up voluntarily and that MR HENG290 words
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THE WORLD
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Article, Illustration653 1991-01-05 7 AP FT THE US Treasury Secretary, Mr Nicholas Brady, and Ministers of Finance from six major countries are planning their first meeting of 1991 later this month to talk about bringing the USSR closer to the Western world's economy, diplomats said on Thursday.AP; FT - 653 words
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Article, Illustration277 1991-01-05 7 AFP BRITISH Prime Minister, Mr John Major, has promised to push ahead with the policies of his predecessor, despite warnings of tough economic times ahead for Britain. In an exclusive interview with the conservative Daily Mail newspaper published yesterday, Mr Major saidAFP - 277 words
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437 1991-01-05 7 NYT THE energy industry expects to increase worldwide spending to find and produce oil and natural gas by nearly 14 per cent this year, but a majority of the money will go to projects outside the US and itsNYT - 437 words
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376 1991-01-05 7 AFP THE European Commission, the executive arm of the European Community (EC), was to debate controversial farm reform proposals in Brussels yesterday, aimed at lowering subsidies, commission officials said on Thursday. The proposals, from Farm Commissioner Ray MacSharry, are thought toAFP - 376 words
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308 1991-01-05 7 UPI THE troubled US real estate market appears to have bottomed out in November as sales rose, prices fell and people's ability to afford housing rose to the highest level in 13 years, economists said on Thursday. The commerce department reported that sales ofUPI - 308 words
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387 1991-01-05 7 Asahi News Service A JAPANESE food manufacturer is planning to provide instant noodles as aid to the USSR in an apparent effort to gain a foothold in the huge Soviet market. A spokesman for Nissin Food Products Co, theAsahi News Service - 387 words
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WORLD WATCH
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98 1991-01-05 7 A MAJOR opposition party on Thursday sharply attacked government reforms designed to redraw Czechoslovakia s centrally-planned economy along capitalist lines. "The main shortcoming of the reform is (the assumption) that large scale price liberalisation and a rapid opening to the world's economies will98 words
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Article110 1991-01-05 7 JAPANESE producers of pollution control products say they are hoping to benefit by tighter environmental controls in the US and Europe. One of the businesses that has already profited by the ecology boom is NGK Insulators which, in 1979 began marketing high-grade ceramic auto exhaust purifiers.110 words
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Article110 1991-01-05 7 NORTH and South Korea exchanged more than 450 visitors in 1990, reflecting improved relations between the arch enemies, Provisional Unification Ministry figures showed yesterday. The figures showed 183 South Koreans from the South, or living overseas, were allowed to enter North Korea last year, while 291110 words
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Article99 1991-01-05 7 THE International Monetary Fund (IMF) will give India some $2 billion in short-term loans to help its worsening foreign exchange reserves, a newspaper reported yesterday. About $800 million would be given under the IMF's Compensatory Contingency Financing Facility and the rest as standby credit,99 words
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Article89 1991-01-05 7 THE worldwide semiconductor industry grew 2 per cent to $58.4 billion in revenue in 1990, with US companies leading a surge of growth, fuelled by production of chips that provide the muscle for increasingly powerful personal computers, a research firm reported on Wednesday. The growth among semiconductor89 words
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454 1991-01-05 7 NYT TOP officials in New York City said on Thursday that the city's fiscal problems had worsened sharply in recent weeks and would require several hundreds of millions of dollars of additional budget cuts by June 30. They said the city'sNYT - 454 words
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262 1991-01-05 7 Asahi News Service A LIQUEFIED natural gas (LNG) field in the Persian Gulf, off Qatar, will be developed later this year, a decade after its discovery, said two major Japanese trading houses. Mitsui Co and Marubeni Corp said they have struck aAsahi News Service - 262 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration874 1991-01-05 8 S N Vasuki - By S N Vasuki ON A DAY of rising expectations that the six-month-old Gulf crisis would be peacefully resolved the Singapore stock market staged a mild rally. The spotlight was once again on blue chips as the market received a boost from Tokyo874 words
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Article3743 1991-01-05 8 Cr's Gr's 1490/91 Tel Last Vol l>ay last Quote Div Div Y'ld Net M C»p High I-o» Code Company Sale +or- ('000) High I-ow Buyer Seller CVr P/E $mil INDUSTRIAL COMMERCIAL 277 152 t 1000 Acma 167 +2 18 167 165 166 168 102.4 290 165 1142 Alex Hldgs 50«3,743 words
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Article3431 1991-01-05 9 Main Board L&M50* 240 35 < 17.1* SI A 200 1040 30 30% FAN 6*0 25 3.8% S1A 1040 20 2 0% Jurong Ship50* 570 t 20 Singmanne50 > 374 +16 +4.5% NatSteel 795 15 +19% Roth Inds50" 462 +14 +3.1% Semb Maritime 388 123,431 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3928 1991-01-05 10 Bernama FRESH MOVES to solve the Gulf crisis and better leads from major overseas markets helped share prices on the Kuala Lumpur stock market to a steadier close yesterday. The KLSE Composite Index slipped 0.32 of a point to 497.67 while the Industrial Index fellBernama - 3,928 words
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Page 10 Advertisements
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Advertisement127 1991-01-05 10 WIN! An Anne Klein II Ji im Designer Suit Pierre Balmain Watches Bracci Bags /KjjwW Daniel Hechter Fragrance for Men ALL YOURS! Kao Sofina Skincare Gillette Lady Shaver jfc(T Lactona Toothbrush L Body Shop's t Peppermint Foot Lotion TREAT YOURSELF YOUR VALENTINE! U| Bailey's Night at the v hottest nightspot127 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2224 1991-01-05 11 Reuter TOKYO stocks ended an abbreviated first day of 1991 higher, with the key Nikkei index above a 24,000-point support level. Congratulatory new year buying by big brokerages and buying by arbitrageurs pushed up prices in sluggish trading in theReuter - 2,224 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration1961 1991-01-05 11 AP SHARE prices on the Hong Kong Stock Exchange closed sharply higher in light trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, rose 41.73 points, closing at 3,046.61. Turnover totalled HK$397 million (US$5l million), upAP - 1,961 words
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Page 11 Advertisements
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Advertisement7 1991-01-05 11 Innovation Technology in Business Times on Tuesday7 words
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REGIONAL STOCK MARKETS
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Aussie stocks plunge to three-year low
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Article81 1991-01-05 12 Owe Prrriow Ju 4 SYDNEY All Ordinaries Index 1,241.5 '-273.0 -31.5 All Industrials Index 1,894.9 1,937.6 All Resources Index 736.6 760.76 -24 2 Turnover (million) 52.73 45.27 +7.46 BANGKOK SET Index 609 88 586 92 +22.96 Turnover (million) NA NA JAKARTA Composite Index 408.49 408.53 -0.04 mahila Composite Index 612.6381 words
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Article895 1991-01-05 12 THE AUSTRALIAN sharemarket closed at a three-year low yesterday amid mounting concern about the Gulf crisis and the state of the world economy. Prices tumbled across the board. "We've had a disastrous day," said Potter Warburg director Norm Peatling. The sell-off followed a sharp downturn on Wall Street. The895 words
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Article671 1991-01-05 12 THAI stocks closed broadly higher on lower oil prices and rumours that Saddam Hussein was giving in to US pressure to get out of Kuwait, brokers said. The SET Index ended 22.96 points higher at 609.88 after it soared nearly 30 points during the first half of the session.671 words
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Article847 1991-01-05 12 SEOUL stocks climbed toward 700 in moderate trade yesterday as the market enjoyed a respite from selling pressure from unsettled and bad accounts, brokers said. The composite stock index gained 17.87 points to 697.62, with 153.3 billion won traded against 105.6 in shortened trade on Thursday. Rises led falls847 words
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Article159 1991-01-05 12 NEW ZEALAND shares ended a twoday trading week on a slightly firmer note with improved volume, although most participants were still on holiday. Turnover was 10.22 million shares worth NZ515.42 million and consisted mainly of off-market deals. Brokers noted continued good overseas interest in the top half-dozen stocks.159 words
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Article392 1991-01-05 12 TAIWAN stocks rebounded yesterday after Thursday's sharp falls but the market will remain vulnerable to worries about the Gulf, dealers said. The weighted index finished 109.06 points, or 2.6 pet, higher at 4,367.99 compared with Thursday's 4,258.93. Turnover was 38.4 billion Taiwan dlrs against 39.2 billion. Dealers said some392 words
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Article452 1991-01-05 12 PHILIPPINE shares mostly rose on mild buying seen by analysts as a technical rebound from a long holiday slack. The Manila Stock Exchange composite index bounced back 17.16 points from Thursday to close at 612.63 and end the fall since the start of this week's trading on Wednesday. Combined452 words
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Article555 1991-01-05 12 Reuter JAKARTA stocks were quiet and prices barely changed yesterday, with the official index easing 0.04 points to 408.49, brokers said. Total volume was 1.49 million shares, up from 1.23 million on Thursday. Tyre maker Gadjah Tunggal was the most traded on the big board, with 180,000 shares changingReuter - 555 words
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Article171 1991-01-05 12 Wellington NZ Cents VoifOO) Air NZ 103 unch 125 ANZ Banking 400 20 64 Bank Of NZ.... 50 +4 1150 Baycorp Hold 6 Briefly Inv unch ***** Carter Holt 186 -4 ***** Cavalier Corp 117 unch 321 Ccramco Corp 81 -2 542 Cityrealties Corp Inv 100 unch 1700 Corp Inv171 words
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Article324 1991-01-05 12 la local cwrency la S$ la USI da> year day year day year JAN 03 ladex chaagc chaagc change chaagc change ch>n Worid 355.8 0.0 -23.5 0.0 -25.4 0.0 -18.7 £Eafe 467.8 -0.1 -31.3 0.3 -30.3 0.3 -24.0 Europe 360.6 0.0 -20.0 -0.1 -14.5 -0.1 -6.8 Pacific 782.6 -0.1 -38.2324 words
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WORLD STOCK MARKETS
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Dow plunges 37 points in jittery session
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Article, Illustration1077 1991-01-05 13 SHARPLY LOWER oil prices and a firm bond market did little to soothe jittery US stock investors on Thursday. Blue chips ended down about 1.4 per cent, their biggest point drop since Nov 7 1990, as investors cashed in on some of the best performers of 1990. The1,077 words
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Article, Illustration907 1991-01-05 13 UK SHARES opened easier yesterday, as prices were pushed down by sharp losses in Wall Street on Thursday. "The US falls have pushed us lower, particularly stocks which attract attention on Wall Street, but it's not going to be a busy day volume is going to stay thin," said907 words
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Article272 1991-01-05 13 DUTCH shares were mixed in dull directionless early trade yesterday as op- erators eagerly awaited more news from the Gulf, brokers said. "The market is made of shifting sands and lacks a trend," said a dealer. Apart from Gulf fears, worries over the economic outlook for the US and272 words
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Article289 1991-01-05 13 GERMAN shares rose 1.3 per cent in uncertain trade yesterday, as hopes for a peaceful settlement in the Gulf prompted small buying orders in an quiet market. Dealers described the price rise as a technical recovery after the sharp drop in prices seen over the year-end holiday period. Prices289 words
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Article171 1991-01-05 13 BELGIAN stocks fell an average 0.5 per cent in early trading following declines on Wall Street. Volume was a thin 66 million francs, with many investors on the sidelines, traders said. "Institutional are not doing anything before January 15," said one trader, referring to the United Nations deadline for171 words
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Article170 1991-01-05 13 FRENCH share prices edged higher at yesterday's midsession, but volume was very thin and the market remained vul- nerable to shifting developments in the Gulf, dealers said. After opening with a modest drop, the CAC-40 index had gained 8.77 points or 0.57 pet by 1204 GMT to 1,548.27, just170 words
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Article86 1991-01-05 13 PRICES on the Stockholm bourse softened yesterday in slack early trade as Thursday's hopes of a peaceful solution to the Gulf crisis faded, dealers said. By mid-morning, the general index had lost 0.91 per cent to 827.41 in turnover of merely 30 million crowns. Blue chips were 0.33 per86 words
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Article256 1991-01-05 13 TORONTO stocks closed at session lows on Thursday after failing to sustain a midday comeback from opening losses, dealers said. "The market is concentrating right now on the economy and the uncertainty" in the Middle East, said analyst Joe Ismail of Security Trading Inc. The composite index lost 17.63256 words
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Article185 1991-01-05 13 ITALIAN shares climbed at the opening yesterday, boosted by buying focused on Fiat and Montedison, in volume estimated to be running higher than yesterday's 70 billion lire, brokers said. They remained cautious about a sustained rally due to uncertainty about whether the US and Iraq would h<)ld talks to185 words
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Article304 1991-01-05 13 Johannesburg Jan 3 Hand INDUSTRIALS A Alpha 2250 A E CI 1310 Ahcrcom 35 Amaprop 670 AMIC 7900 f 100 Barlows 3600 -100 Basil Strk BAZ Blyvim Ci Smilh ***** unch C'nagalo 2000 f 100 Curfin 360 unch Filers 4IXK) unch KilVnlk First Intl. 1270 unch Hivcltl 1325 unch I.304 words
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Article152 1991-01-05 13 Reuter SWISS shares opened slightly easier on light volume yesterday. Dealers said Wall Street's losses last night and the Gulf crisis weighed on the market. The SMI index of leading shares eased 2.5 points to 1,369.9 after about 15 minutes of trading. Volume was light as little buying interestReuter - 152 words
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Article83 1991-01-05 13 Jan .1 (lint I'rfMOIK NEW YORK Dow Jones 2.573.51 2.***** -37.13 NYSF Financial 120.35 121.18 -0.83 S P 500 321.91 326.45 -1.54 Turnover (million) 141 126.3 14.7 LONDON Financial Times 30 1.648 5 1,655.7 -7.2 FFSF. 100 2.117.8 2,128.3 -10 5 Turnover (million) 381.2 234.1 +147.1 AMSTERDAM CBS Tendency Index83 words
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Page 13 Advertisements
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Advertisement11 1991-01-05 13 THINK! Before you make your move, read EXECUTIVE APPOINTMENTS Business Times11 words
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CURRENCY, MONEY & FUTURES MARKETS
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1225 1991-01-05 14 FOREX MARKET REPORTS THE AMERICAN dollar was firmer at the start of European trade yesterday, with the currency's movements remaining under the combined influence of weak economic factors and the threat of a Gulf war. Dealers expected the US unit to remain near1,225 words
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451 1991-01-05 14 Reuter THE high-yielding Canadian dollar is seen firming on safehaven buying as the Jan 15 deadline for Iraq's withdrawal from Kuwait nears, giving the Bank of Canada room to ease sharply, analysts say. The Canadian dollar, widely seen as a petrocurrency, roseReuter - 451 words
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157 1991-01-05 14 Reuter CAUTION SIGNS are springing up in the US bond market after it started the New Year with a hearty rally, analysts said. The market is reawakening from year-end lethargy and focusing on the December employment report on Friday and the January 15Reuter - 157 words
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Article1148 1991-01-05 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Mar 91 92.85 9186 9184 6000 ***** 2658 Jun 91 93.00 93.01 92.99 93.00 5000 9564 2347 Sep 91 92.90 92.92 92.89 92.91 2000 4010 353 Dec 91 92.55 92.59 92.55 92.57 350 3297 206 Mar 92 92.42B1,148 words
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Article387 1991-01-05 14 Cross rates Jan 4 USS SS MS Dm Yen SFr AS NZS USS 1.7445 2.7070 1.4945 133.00 0.5139 1.2655 1.2845 1.6835 SS 0.5732 1.5517 0.8567 0.7624 0.2946 0.7254 0.7363 0.9650 MS 0.3694 64.44 0.5521 0.4913 0.1898 ***** 0.4745 0.6219 Dm 0.6691 1.1673 1.8113 88.99 0.3438 0.8468 0.8595387 words
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Article569 1991-01-05 14 Interbank rates S$ Bid Offer Overnight 4 1/4 4 1/2 1-month 4 5/16 4 7/16 2-month 4 1/2 4 5/8 3-month 4 5/8 4 3/4 Overnight mode: 4 USS Bid Offer 7 days 73/8 7 1/2 1 month 7 5/16 7 7/16 2 months 7 5/16 7 7/16569 words
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COMMODITIES
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Article, Illustration321 1991-01-05 15 AFP CRUDE OIL production by Opec members reached its highest level for 10 years in 1990, averaging 23.15 million barrels a day (mbd), according to the specialist publication Petrostrategies. The figure, based on provisional data, represents a production increase by members of theAFP - 321 words
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178 1991-01-05 15 AFP MALAYSIA has deferred joining the International Cocoa Organisation (Icco) until it gets an assurance from the Cocoa Producers Alliance (CPA) allowing it to expand its output, a top official said on Thursday. "We have very strong objection from our producers," Primary IndustriesAFP - 178 words
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836 1991-01-05 15 REPORTS TIN on the KLTM closed six sen higher at M$ 14.90 per kg yesterday following the firmer London Metal Exchange overnight. Dealers said although tin rose by US$BO per tonne on the LME on Thursday, no fresh news had emerged, and the836 words
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Article1377 1991-01-05 15 Rubber Jan4 HAS (tod In Mg S cents/kg Noon Close Int I RSS Prompt 149.50/150.50N 149.75/150 75 lnt 1 RSS Feb 91 150 50/151.00 150.75/151.25N Int 1 RSS Mar 151.00/151 50 151.25/15I.75N lnt 2 RSS OP 148.25/150.25N 148.50/150 SON Int 3 RSS OP 143.25/145.25N 143.50/145.50N lnt 4 RSS OP1,377 words
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Page 15 Advertisements
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Advertisement7 1991-01-05 15 Executive Jobs every Saturday in Business Times7 words
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Advertisement756 1991-01-05 15 NOTICES IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 HOCK LEE AMALGAMATED BUS COMPANY (PRIVATE) LIMITED (Incorporated In Singapore; SPECIAL RESOLUTION A: an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at its Regis tered Office at 4 Battery Road #12-00 Bank of756 words
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Advertisement898 1991-01-05 15 M THE MATTER OF THE COMPANIES ACT, CAP SO IN THE MATTER Of STEAOCO INVESTMENTS PTE LTD l» cmartmt xxjjtcrun —mm uw NOTICE a HEREBY GIVEN tut at an Extaordnary Ommm UtMng and a Otdaf Maalng d N atoonenawed Canpany duly oorwn«d and held m 36 Rabrnr Road. #06-01 Cty898 words
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486 1991-01-05 16 Anna Teo - Plan among amendments to Legal Profession Bill By Anna Teo THE NECESSARY changes to the Legal Profession Act to enable the Law Society to effect a compulsory professional indemnity insurance scheme, and various other amendments, have been tabled in Parliament. With the introduction of the486 words
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296 1991-01-05 16 Reuter INDONESIA'S state oil company Pertamina has pulled out of a US$l.7 billion olefin project planned by Shell, Indonesian Mines and Energy Minister Ginanjar Kartasasmita said. "Pertamina will not join any downstream project because it is not its field. The government decisionReuter - 296 words
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Article, Illustration31 1991-01-05 16 Share dealers and Kimono clad employees ushering in the New Year at the Tokyo Stock Exchange yesterday, the year's first trading day.31 words
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571 1991-01-05 16 NST MALAYSIA earned M 521.24 billion in foreign exchange last year through non-oil primary commodities and commodity-based products, according to latest estimates by the Primary Industries Ministry. The figure does not quite match the record export earnings of M 522.21 billion achievedNST - 571 words
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252 1991-01-05 16 NYT SOME OF THE estimated half million Japanese who took holidays abroad during the New Year holidays found a way to buy gifts for family and friends without having to lug them around. They ordered them before leaving home. It is traditional inNYT - 252 words
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Article, Illustration334 1991-01-05 16 WITH the $1 billion renovation market expected to further increase over the next few years, sweeping changes will be introduced to raise the standards of the industry and weed out bad practices. The Renovation and Decoration Advisory Council (Radac) will start a "Renovation Contractor Certificate334 words
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211 1991-01-05 16 Reuter MALAYSIA has so far approved 65 projects involving investments totalling M 5954.7 million for the production of computers, peripherals and software, Minister of International Trade and Industry Datuk Seri Rafidah Aziz said yesterday. Of these projects, Datuk Seri Rafidah Aziz saidReuter - 211 words
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Page 16 Advertisements
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Advertisement16 1991-01-05 16 CHARTPOINT Every Saturday in Business Times FOR WHO, WHEN IN THE MARKET Every Thursday... ADVERTISING MARKETING16 words
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Advertisement88 1991-01-05 16 CHARTPOINT Every Saturday in Business Times ttt nS 1 -^a^wwip^wp^jMßpa j I f «fP^|pP^^ JP I flH*r# Jfc|f BBP"' V M v r a r 1 IA >»Tattorsd torlhe smart set, the Dannimac Collection g of weather wear for men and ladies will take the fashion scene by storm. v88 words
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Executive Lifestyle
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Article, Illustration1564 1991-01-05 17 Harish Mehta - Fortified with a cast iron tummy and a roving camera, Harish Mehta takes Vietnamese yuppies, cyclo drivers, pate, and MiG fighters in his stride. Harish Mehta NGUYEN Due Thinh is a vuppy, which stands for Vietnamese Upwardly Mobile Professional. Mobile he certainly is, though1,564 words
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STRAWS IN THE WIND
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Article61 1991-01-05 17 HOME BANKING is a great service. But one user of the service, offered by one. of Singapore's major banks, has his doubts. He has been most unimpressed with the bank's weekly gold report (which was obtained through his home computer via a modem). Printing out the report on61 words
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Article51 1991-01-05 17 SADDAM HUSSEIN might have a bone to pick with Shell Singapore. His idea of free petrol has been "stolen" by the oil company which, as part of its 100 th anniversary celebrations, offered 10 litres of free petrol to the first 100 customers on New Year's51 words
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Article88 1991-01-05 17 YOUNG MINDS work-in strange ways. Especially the minds of some of Singapore's ill-informed youth. Interviews for admission to the university produced these gems: Question: Which is bigger, Singapore or Malaysia? Answer: Singapore lah, definitely. Question: Why? Answer When driving*.*) difficult to find the coast "jn Malaysia; in Singapore,88 words
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OPINIONS
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689 1991-01-05 18 Selva Kumar - Let's all be conscious of the danger posed by the over-emphasis on ethnic consciousness, says Selva Kumar Selva Kumar The writer is a BT journalist IN April last year, Mr Matthias Yao, the then-political secretary to the then-First Deputy Prime Minister, said that the689 words
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Article, Illustration1068 1991-01-05 18 Melanie Chew - Melanie Chew on what the US must do if it wants to keep the Gulf running its way Melanie Chew Dr Melanie Chew is a military historian I WROTE in this page two weeks ago that I believed the US and SaddamPunch - 1,068 words
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852 1991-01-05 18 John Cooley - John Cooley argues for a negotiated peace with Iraq John Cooley The writer is an ABC news correspondent based in London and author of the forthcoming book, "Payback: America's Long War in the Middle East". IHT SOON my 18-year-old son and the sonsIHT - 852 words
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498 1991-01-05 18 R P Napitupulu - R P Napitupulu Deputy for Planning and Production Badan Koordinasi Penanaman Modal (BKPM) WE NEED to comment on an article that appeared in your esteemed newspaper on Nov 22 ("Invest in Indonesia, Westerners urged"). The article quotes an Indonesian official as saying "We (Indonesia)498 words
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Article176 1991-01-05 18 J J Tessensohn - LETTERS TO THE EDITOR J J Tessensohn IN YOUR editorial of Dec 28, you wrote about the need for Singapore international schools in various countries, Hongkong hopefully being the first of many, to cater for Singapore expatriates. A number of good local boarding schools will complement the176 words
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SPORTS
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Article, Illustration580 1991-01-05 19 AFP THE "Bionic Man" of world tennis, Yugoslavia's Goran Prpic, gave an inspired perfoimance in Perth on Thursday to clinch the Hopman Cup for his country. The 26-year-old from Zagreb, who plays with a gro-tesque-looking 60 cm knee brace on his injured right leg, outlasted America'sAFP - 580 words
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Article, Illustration456 1991-01-05 19 AP CONTROVERSIAL tennis star Andre Agassi said he intends to play at Wimbledon next summer. Appearing on sports television network ESPN, Agassi answered a comment that he might never again appear at Wimbledon because of his refusal to adhere to the strictAP - 456 words
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Article745 1991-01-05 19 NYT AS it has for the last several years, the golf season opened on Thursday with the Tournament of Champions at one of the United States' most sumptuous decompression chambers, the La Costa Resort Hotel and Spa in California. With the competitive drive notNYT - 745 words
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Article442 1991-01-05 19 UPI SOME of the United States' most prestigious golf courses and resorts, including Mission Hills, Oak Tree and La Quinta, will be sold to Japanese investors for US$739 million. Landmark Land Co, which is based in Carmel, California and employs more than 3,500 workersUPI - 442 words
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SIDE LINES
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100 1991-01-05 19 AMERICAN Jim Courier kept cool in sweltering conditions on Thursday to beat Dutchman Paul Haarhuis in the second round of the US$l5O,OOO Australian hardcourt tennis championship at Memorial Drive in Adelaide. Courier, the second seed playing his first tournament for seven weeks, downed100 words
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Article64 1991-01-05 19 JOHN McENROE has pulled out of next week's Sydney tennis tournament and might be forced to miss the Australian Open later this month because of a shoulder injury, his agent said on Thursday. "He just got injured in practice this week and he doesn't know64 words
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Article71 1991-01-05 19 BELGIAN Jacky Ickx captured the first stage of the ParisDakar Rally, organisers said on Thursday as the marathon endurance event began with its first timed section in Africa. The first leg in Libya, from Ghadames to Idri was 604 km. Ickx won it driving a Citroen71 words
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Article110 1991-01-05 19 REMEMBERED for his emotional World Cup exit, the tearful Paul Gascoigne now is under fire for a departure of another kind being sent off the field for allegedly swearing at the referee. The inspirational Tottenham midfielder was expelled last Sunday, watched by millions on TV, during a110 words
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Article111 1991-01-05 19 AUSTRALIA'S Greg Norman, the PGA number one, reckons that golf is taking up too much of his time and has decided to play fewer tournaments this season. "I'm not going to let golf run my life," he said in California before the Champions Cup. "I111 words
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Article58 1991-01-05 19 WAYNE LEVI has been selected by his fellow touring pros as the PGA Tour's first Player of the Year. Levi, who led the American tour with four victories in 1990, was named in a vote of PGA Tour members. The results of the voting, the first ever58 words
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292 1991-01-05 19 AP APP A HAT-TRICK by Anne Grandin was not enough to stop the French women's water polo team being beaten. 9-7 by Canada in the opening match at the World Swimming Championships in Perth yesterday. It was France's best ever result against CanadaAP; APP - 292 words
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EPICURE
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Article, Illustration723 1991-01-05 20 Quek Swee Peng - Quek Swee Peng on power lunches Quek Swee Peng THE business lunch has often been viewed with envy and misunderstanding. But no one would decry the power of business lunches, which have witnessed the sealing of many deals. The significant aspect ot a business lunch is thePunch - 723 words
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LIFESTYLE 1
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Article, Illustration912 1991-01-05 21 N K Yong - The best is yet to come, but for now, N K Yong is impressed with the 'lesser vintages" N K Yong VINTAGES of 1988 and 1989 are both great vintages and will not be ready for another decade, which is all that need be912 words
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Article, Illustration722 1991-01-05 21 Francis X Clines - As the Soviet Union runs out of medicines, its people are turning to cures ranging from herbs to psychic healing, writes Francis X Clines Francis X Clines NYT A MAN complaining of a bad liver poked his head through the small kiosk windowNYT - 722 words
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Article, Illustration451 1991-01-05 21 Sybil Holloway - BRIDGE By Sybil Holloway IN THE US$2OO,OOO purse Omar Shariff Bridge Individual in Atlantic City, world players Zia Mahmood and Per O Olof Sundelin were in strong contention for the US$4O,OOO first prize. British bridge journalist Albert Dormer reports that when Sundelin as North,451 words
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Article, Illustration640 1991-01-05 22 David Chew - David Chew ushers in 1991 with 60s pop idol. Brian Hyland. at the Amara Hotel David Chew Former 60s pop idol Brian Hyland gave all he got in his New Year's Eve show at the Amara Hotel. It was indeed a good performance640 words
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Article, Illustration610 1991-01-05 22 RINGO LIEW - CD Review By RINGO LIEW INDIGO GIRLS: Nomads Indians Saints THE music of Emily Saliers and Amy Ray hails from an enchanted neighbourhood. Down the street once were Peter, Paul and Mary. Across the yard is Joan Baez, and up on the610 words
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Article, Illustration1264 1991-01-05 22 Lynn Rosellini - Arnold Schwarzenegger denies any political ambitions. But, reports Lynn Rosellini, some think his crusade for fitness among American children is a warm-up for bigger things. Lynn Rosellini IN THE dream, he sits naked in the dark. The cameras are ready, the microphones in place, but he1,264 words
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PURSUITS
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Article, Illustration1242 1991-01-05 23 Catherine Ong - Catherine Ong talks to Dick Kaufman, who transformed the quiet Lan Kwai Fong district into a playground for the rich, the avant garde and the powerful of Hongkong society. His latest assignment: to do the same for Singapore's Suntec City. Catherine Ong1,242 words
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Article, Illustration1251 1991-01-05 23 Nigel Andrews - Why don't Hollywood film-makers allow a successful story to die gracefully? Nigel Andrews examines their passion for sequels. Nigel Andrews During the late 1970s and throughout the 1980s, only one thing in the world threatened to be more durable, and more phenomenal, thanFT - 1,251 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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155 1991-01-05 24 WHEN LOOKING even one month ahead is a feat now, one must applaud Mr Ch'ng Poh for not only making plans, but also boldly announcing them, for 1992. The Malaysian corporate businessman told Hongkong reporters recently that he will float the Emporium group155 words
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Article152 1991-01-05 24 FLOATING EMPORIUM or even talking about floating it will certainly help to boast the price of Mr Ch'ng's Hongkong-listed IHD Holdings, but it is a matter of opinion whether it will be well received in Singapore. For a start, the retail industry is definitely heading for152 words
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Article173 1991-01-05 24 REPORTS from America suggest that accountants are to use a favourite American term falling like ten pins. First it is retrenchment, and even the giants such as KPMG Peat Marwick and Deloitte Touche are doing it. And then Laventhol Horwath, the largest accounting house after the173 words
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Article, Illustration326 1991-01-05 24 THE BEAR market is still not over yet, say four of Wall Street's sawiest market analysts who were invited by US business and financial weekly, Barron's, to gaze at the crystal ball. Merrill Lynch's technical guru. Bob Farrell, wants to be fully326 words
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543 1991-01-05 24 William Chia, Quak Hiang Whai - As we move into another year, Personal Investment and Finance takes a look at what brokers and analysts have to say about prospects for equities around the world. The Persian Gulf still clouds the horizon but, as William Chia and Quak Hiang543 words
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Article, Illustration1137 1991-01-05 24 Singapore Corporate earnings of Singapore companies are expected to be below expectations this year with profit forecasts being downgraded during the results season, said stockbroking firm Barclays de Zoete Wedd (BZW). But BZW, in the December 1990/ January, 1991 issue of BZW Pacific, a monthly1,137 words
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Article, Illustration253 1991-01-05 24 Goola Warden - CHA^ By Goola Warden The writer is a chartist with Oi 'R Securities Though major world markets may be susceptible to external shocks, thereby declining in unison, they tend to follow different paths thereafter. The Japanese market was the first notable market to253 words
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Article, Illustration1010 1991-01-05 25 Andrew Long - The Gulf crisis has confounded attempts to forecast the direction of global stock markets, writes Andrew Long Andrew Long Reuter POLITICAL and economic uncertainties will keep stock markets depressed in the ftrsf six months of 1991 but Ifljgcs could recover on the back of moreReuter - 1,010 words
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JOBS
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Article, Illustration260 1991-01-05 26 Darwin Wai-Keung Doo has been appointed group financial controller of Standard Chartered International Trustee Limited. He will report to the group managing director and will be responsible'for the financial control function of the Trust Group operating offices worldwide. Tan Jee Hai has been appointed group personnel manager of260 words
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Article, Illustration782 1991-01-05 26 S N Vasuki - Traditionally, Singapore managers have been reluctant to work abroad. But as local firms expand overseas, attractive job opportunities open up. S N Vasuki lists the advantages of being a manager overseas. S N Vasuki IT'S an unusual situation. In recent years, Singapore companies have782 words
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Article953 1991-01-05 27 CHjr Flight ETA Flight ETC City FNgkt ETA ETD Adelaide SQ228 QF81 1910 2010 QF82 2115 SQI11 MH644 MH/SQ 1705 1720 1800 1445 1545 1610 1800 1715 ft—nin RJ83 0350 SQ113 1805 1730 Antanliai SQ23 KL837 1345 1505 HL838 SQ24 2150 2215 MH644 MH613 1825 1850953 words
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THE TRAVEL PAGE
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Article, Illustration763 1991-01-05 27 Janet Piorko - LETTER FROM BOSTON jrjrsfjr By Janet Piorko A US$5OO budget for a weekend in Boston doesn't buy a suite at the Ritz-Cariton, but on a recent stay it stretched well beyond the Spartan, all the way to a semblance of style. The hotel was763 words
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Article152 1991-01-05 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3510 1.3710 Canadian dollar 1.4950 1.5150 NZ dollar 1.0200 1.0500 Sterling pound 3.370 3.390 US dollar 1.7350 1.7780 Local dolbn to 100 units of foreign currency Austrian schilling 16.30 17.30152 words
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Article77 1991-01-05 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Jan 19-27 Jan 21-24 Jan 23-27 International Exhibition For Caravaning. Motoring. Tourism Middle East Computer Show International Tourism Trade Pair Germany Manama. Bahrain Madrid Stuttgarter Messe Und •Congress Arabian Exhibition Management WLL IFEMA (46)711/2589-0 973/*****3 ********** Feb77 words
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TIME OFF
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Article227 1991-01-05 28 EmHy of Emerald Hill Stella Kon's criticallyacclaimed monologue about the life of Emily is presented by the Practice Theatre Ensemble in Mandarin. The Substation. Armenian Street. Today and tomorrow: 8pm. Children's Concert with Ray Luck Pianist Ray Luck will join students from Julia Gabriel Communications to perform works by227 words
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Article, Illustration262 1991-01-05 28 K Jayami - Compiled by K Jayami Exhibition and Sale of the Best Paintings from a Nationwide Contest in China On exhibit are paintings by outstanding Mainland Chinese artists. These paintings were selected by competition from over 800 entries submitted by invited artists from the 27 provinces of China. The Empress Collection.262 words
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Article, Illustration588 1991-01-05 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 crashlanded with the critics. Orchard 11; 1.30; 4; 6.45;588 words
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Page 17 Advertisements
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Advertisement161 1991-01-05 17 HONG LEONG SINGAPORE ~9 SINOAPORF Burberry* Sh«»p-ln-Sh«»p: I»AIMARI I >FN Ortiurd DFS Claymore HAUL'S* ISETAN Mavel«*k ISET.VN Orchard NAMlKMhvnilKuiMDs* KK.FNTSITOH l-aljiv Renjinvjix sot*)* Authorised Dealers: FAR RA.NT REPTILF. HOI sfc F.I BENJAMIN Changi AirpOtt* |l ROV.I.R* HOWIE PARAIMSF lEATHER KHK.I Mil* HU ROBINSONS TANC.S SCOTTS «EITNAI'ER MAI.AYSIA: CAIAN I>l T>161 words
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Page 18 Advertisements
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Advertisement24 1991-01-05 18 BT welcomes letters from you. Address them to: The Editor, Business Times, 390 Kim Seng Road, Singapore 0923. Letters should include your contact numbers,24 words
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Page 18 Miscellaneous
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Miscellaneous34 1991-01-05 18 DOONESBURY 8Y GARRY TRUDEAU FIRST FIRST iON TH& FRONT If > yOU'RB UH.. J R&R* ANYTHING SINCS S6P7EM-j j FORGOTTSN POING ME*...UH,NO, I \Ljjj VNcesep- 1m? this must houjtocom- okay. notrzauy... I <xajbbt H VB6R.34 words
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Page 20 Advertisements
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Advertisement279 1991-01-05 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Didn't I see you at Scandals? Ik If a j Kvcry Thursday: Indies Night. Kvery Night: Ihe plate to see and be seen. Scandals, Singapore's most sophisticated club and meeting place. For details on279 words
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Advertisement273 1991-01-05 20 world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist. Experience Hyatt Regency Singapore's new Scotts Lounge. j, fpfpsy Hvan Regency Singapore 10-12 Sons Rtad Singapore 0922 Td 73J 11H8 BBQ Under the Stars Fresh seafood and273 words
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Advertisement364 1991-01-05 20 Have Poolside "BBQ Buffet" Under the Stars! 1 Nou>, besides our weekend fulflH steamboat buffet is the new %Z^sgK[. y "alhou-can-eat" Barbeque Buffet. t BBQ Buffet* TYTr*~JLAdult: $17.00++ Child: $11.00++ I Aiuiluhle onl\ on fine ueathtr 9 Steamboat Buffet* V J Adult: 14.50++ child-. $10.00++ St) head for Sky Garden364 words
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Advertisement292 1991-01-05 20 DAILY AT PINE COURT i You'll enjoy our delicious selection of authentic Beijing Dian Xin served amidst the splendour of an Imperial Court. May we expect you today? H S From noon to 2.30 pm. RX7T I Ala carte menu available |fnQ /Atf,,//**/■£ 333 Orchard Road. Stngaporeo923 Tel *****1 I292 words
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Page 21 Advertisements
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Advertisement210 1991-01-05 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY U BRUNCH: HAM TO 2.30PM mmm .vmf adults tf/r ifflft ffjjjf V" »!<»♦♦ JW| R CHILDREN 'j§*' zSSfc $19.00 Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for210 words
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Page 22 Miscellaneous
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Miscellaneous49 1991-01-05 22 Winner of BT's Christmas Crossword Contest Tan TC of 34, Jalan Kakatua has emerged the winner of this year's Christmas Crossword Contest. The prize: a BIG bottle of bubbly. Congratulations, Tan. We'll let you know when to pick up your prize. Thanks to all who participated in our contest.49 words
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Page 24 Advertisements
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Page 25 Advertisements
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Advertisement771 1991-01-05 25 f LEONG SINGAPORE FINANCE llPl Sjgj MORE FREE GIFTS ITEMS CThg mm j tzmth, phiupsgip-titkms- 1 nv/l Better More Prizes In Our Grand Lucky Draw SSIJMU TAr hime hittlev <rf XO. NNOPand/or BwlEmSm L stun |'»tunc and pnwpentv Kjiyf |pt4M>iit«fri4»«TiNGirTrreMN- -Camcorder S ViVUUO SSHIHW SKJ» wiTMMri.Wi •ICP ideo Revorde r771 words
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Page 26 Advertisements
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Advertisement782 1991-01-05 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 sen/- companies to improve their by three men Dalsey, ing 55,000 communities in productivity and distribuHillblom and Lind who782 words
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Advertisement104 1991-01-05 26 LOOK OUT FOR MORE ON PAGE 5 The Singaporean news for Singaporeans V/VCI3CQ9* Subscribe now Call 740-1840/1 L r International Oil Publication requires an ENERGY REPORTER Ideal Candidates should be/possess: male, preferably aged between 27 and 35. recognised university degree with two years journalism or oil industry (downstream) experience Initiative,104 words
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Page 27 Advertisements
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Advertisement22 1991-01-05 27 SATURdAy Special BE iiß^>w jr '"j?' fl Bi 1 The latest news and much more. p|l|S§ From lunch-time. Monday to Saturday. ImJl^^S22 words
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Page 27 Miscellaneous
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Miscellaneous265 1991-01-05 27 6 Convincing but unorthodox vice-consul(lO) P BTo take drugs is a false L—i—_L^J— move(4) 9 But it is not a reduction hoi j j j for psychiatric treat11 Sections of the competition for members only?(4) 13 P P 12 Extra over takes energy(3) U Um BH MB 13 Telegraphist will265 words
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Miscellaneous169 1991-01-05 27 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 21/15 Windy Bangkok 32/24 Fair Beijing -1/-7 Cloudy Brunei 31/24 Fair Hongkong 20/17 Sunny Jakarta 31/24 Fair Kuala Lumpur 32/24 Fair Manila 30/24 Showers Melbourne 30/16 Cloudy Perth 26/16 Cloudy Seoul 01/-I0 Fair Sydney 37/25 Hoi Taipei 20/15 Rain Tokyo 09/03 Cool Wellington 26/16169 words
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Miscellaneous12 1991-01-05 27 ON'? stop *md taukl fuJcxyN fL^Scv/cftP C gvtwiwo ffTAWOAWO CO. LTD, ItClW>12 words
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Page 28 Miscellaneous
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Miscellaneous1322 1991-01-05 28 TODAY'S TV Otmu PiikM Cross-fire Roundf Watch ArAsian Business Report >.45 jntorprotation of The Holy Niu sup m BC 2 J?? S^J'pwSJL wife Yvonne, pfcyedby Jac- I nder the V olcano, 10.30pm. SB( 5 queline Bisset. The film was Shakesneare's dark TV2 directed by John Huston. comedies this is a1,322 words
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Miscellaneous614 1991-01-05 28 movies on tv Santa Fa Trail, Mon, 10.30pm, rected by Blake Edwards, the SBC 12 movie stars Ted Danson, Errol Flynn, Olivia Havilland Howie Mandel and Jennifer and Ronald Reagan star in Edwards. this rousing adventure story /ww set just before the American bkkxj ot i/inerv nur^ Civil War. Flynn614 words
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