The Business Times, 12 January 1991
1991-01-12
1
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The Business Times
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Title Section11 1991-01-12 1 Business Times MCI (P) 16/12/90 Weekend Edition, January 12-13 1991 75*11 words
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NEWS SUMMARY
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70 1991-01-12 1 LORRAIN OSMAN, former BMF chairman, and now Britain's longest serving non-con-victed prisoner, failed in his bid to appeal against the refusal of his fourth habeas corpus application at the High Court in London yesterday. Lord Justice Mann and Mr Justice Garland, who both sat70 words
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Article32 1991-01-12 1 NEW YORK blue chip stocks opened lower yesterday, with the Dow Jones index of leading industrials down 5.20 points (0.21 per cent) at 2,493.56 points five minutes into the session.32 words
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Article53 1991-01-12 1 LONDON STOCKS were slightly firmer at midday yesterday but had slipped from earlier highs as hopes for a successful peace move in the Gulf crisis by the UN began to fade. At 1220 GMT, the FTSE 100 index was up 4.0 points at 2,112.7 on a turnover of53 words
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Article25 1991-01-12 1 THE Nanyang Technological Institute will launch its Masters degree programme for business administration in July, one year ahead of schedule Page 225 words
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Article21 1991-01-12 1 CEMENT PRICES will reach near record levels with a new round of increases taking effect next week Page 321 words
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Article42 1991-01-12 1 AWASH with foreign investment, Johor could become Malaysia's new industrial powerhouse in the next century. But economists say success in the southern state is bringing in its wake the headaches of inflation, rising property prices, crime and pollution Page 642 words
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Article, Illustration29 1991-01-12 1 Friday Change BT-MGA 579.86 +3.32 Kuala Lumpur .482.11 +0.33 Hongkong 3,058.37 +22.84 Tokyo 23,241.02 +193.66 Sydney 1,243.1 +9.4 Thursday Change New York 2,498.76 +28.46 London 2,108.7 -20.229 words
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Article19 1991-01-12 1 Exchange rates US$ SSI.7570 Yen SSI.3058 MS SS0.6448 Money market rates Overnight 4 1/8 unch 3-month 4-9/16 unch19 words
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Article37 1991-01-12 1 London GoM AM fix USS 390.40 US$1.90 Rubber S'pore Feb 150.50«/kg +1.00 M'sia Feb 236.50«/kg unch KL Tin Turnover 63 tonnes+ 33 Spot MS 15.10/kg unch Crude palm oil Turnover 551 lots -141 Jan M$894/tonne +637 words
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246 1991-01-12 1 Agencies THE United Nations Secre-tary-General, Mr Javier Perez de Cuellar, said yesterday he had received total backing for his peace mission in the Gulf at a meeting in Geneva with the foreign ministers of the European Community. He was onAgencies - 246 words
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367 1991-01-12 1 Rahita Elias - By Rahita Elias EUROPE-BOUND travellers from Singapore are putting off their plans in the face of a possible Gulf war. Travel agents and an airline contacted say bookings for European flights have seen a drop as travellers take a wait-and-see attitude. They367 words
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196 1991-01-12 1 LOCAL STOCKBROKERS generally feel there is no need for a contingency plan for trading on the local stock market should war erupt in the Gulf. Financial exchanges in the United States, preparing for a possible war, have taken steps such as expanding emergency powers,196 words
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353 1991-01-12 1 Claire Leow - By Claire Leow WITH THE THREAT of war breaking out in the Gulf next week, the United States Embassy has advised the 6,000-strong American community in Singapore to take appropriate security measures. In a note dated Jan 8, the embassy stated: "In353 words
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Article, Illustration308 1991-01-12 1 Chuang Peck Ming - 'Protection against fallout of possible Gatt talks failure' From Chuang Peck Ming in KUALA LUMPUR ASIAN COUNTRIES in the Pacific region should build up their economic cooperation, whatever the outcome of the Uruguay Round of Gatt (General Agreement on Tariffs and Trade) talks,Picture by Albert Sim - 308 words
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196 1991-01-12 1 SINGAPORE has offered to help Malaysia sell the idea of an East Asia economic grouping to the other Asean states and other interested parties, according to a senior Malaysian official. Briefing reporters at the end of an hour-long official meeting led by the prime ministers of196 words
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Page 1 Advertisements
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Advertisement135 1991-01-12 1 Nikon Ttw Vtorid's FlnMt Photographic System. cover 7^l m 3i, MBS Swiss i Family B Singapore jT EL 1 jfl Aircraft Schedule EL 11 Commodities 15 Cryptic Crossword EL 11 Company News 4 Financial News 5 Foreign Exchange 14 Futures Options H Home News 2 HK Tokyo Stocks 11 Interbank135 words
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Advertisement54 1991-01-12 1 OPINIONS Balancing needs of nation and people. EL 2 Umno succession issue. EL 2 Lloyd's gears up for war, Pg 5 Focus on the Gulf, Pg 7 kaifu calls off Asean trip, Back Pg A Japanese recession is possible. Back Pg The US is in the Gulf to set up54 words
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Advertisement13 1991-01-12 1 LIFESTYLE Fly me to the moon, James. EL 6 Rite of passage. EL613 words
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Advertisement200 1991-01-12 1 principle. HISTORY IN TIME I \euton automatic in IHct gold or #Ud/steel Planetarium Copernicus, individually numbered handmade in IHctyfUd Michchifigplo. automatic iw IH ct #old cw f&Ud/stcci Planetarium Copernicus lotJoTgeZThegJiemric auhe as, ronom,cal posters of and the planets fjk. =SS r n and pla planets Mercury, Venus, Mars, Jupiter and200 words
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Advertisement30 1991-01-12 1 Nikon TWa \|4i .1 il' rin fMi llin innnhlr CitfAMVI in# ffona s rintw Knoioyrßpntc oyiwrn. FINANCE 1991: year of the bond? EL 8 Cs: a safe haven petro-curreney? EL930 words
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Advertisement5 1991-01-12 1 JOBS Slow-down executives. EL 105 words
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HOME NEWS
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NEWS ROUNDUP
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127 1991-01-12 2 FOR THE THIRD consecutive year, the Construction Industry Development Board (CIDB) is having a campaign to drive home the importance of quality work in the construction industry. The week-long campaign, Zero Defects Construction '91, will be officially opened by National Development Minister S Dhanabalan127 words
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Article82 1991-01-12 2 Mr ROBERT CHUA, president of the Singapore Manufacturers Association, said Prime Minister Goh Chok Tong's offer of tax incentives to local companies wishing to relocate in Batam will help local manufacturers intending to relocate or expand their operations in Indonesia and Malaysia. Mr Chua added that PM82 words
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Article108 1991-01-12 2 A DIALOGUE on the Kampong Bugis Development and Guide Plan proposals will be held this morning. It will be chaired by the Minister for National Development S Dhanabalan. The public and professionals are invited to attend the meeting, which will be held at the Multi-Purpose Hall on108 words
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Article106 1991-01-12 2 IN AN article dated Dec 18, 1990, "Electronics sector shows signs of dimming", it was stated that workers at electronics firm Printronix are now on a four-day week. We have since ascertained that the firm had never been on a four-day week. However, over the last few106 words
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354 1991-01-12 2 Genevieve Cua - By Genevieve Cua THE Nanyang Technological Institute (NTI) will launch its masters degree programme for business administration (MBA) in July, one year ahead of schedule. The programme is unique, say NTI officials, as it will equip students with a specific skill of their354 words
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Article, Illustration100 1991-01-12 2 FOR THE first time yesterday, paper was shipped into Singapore in a special carrier (above) that cut down unloading time from two days to 12 hours. The $4 million cargo of 4,461 rolls of newsprint was also the first shipment from Gold River Newsprint Ltd of100 words
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262 1991-01-12 2 A SINGAPORE conference organiser, HQ Link, is cashing in on interest in business opportunities in Vietnam by organising a conference there which will explore avenues for trading and investing in the country. The two-day conference, called "Doing Business in Vietnam", will be held in Ho Chi262 words
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SHIPS IN PORT
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Article492 1991-01-12 2 Vessel Voy No Berth Arrival Departure VwmI Voy Wo Berth Anwii PqMrtire Keppd Wharves Mia J1 alongside 1201/2300 Hilda 1A K34 alongside 1101/0600 01 Permai 1 27/91 12 12 01/2200 Pioneer Wave 15 K33 alongside 13.01/1500 lawa Timur 2 12 l/2 5 Sg Of Flower *****1 (P492 words
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Article1177 1991-01-12 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Babnce Rsfts Ship Voy No Etb/Btr Period From To From Akd Bhum 455N 13/0645 1 11/1500 11/1659 11/1900 2 Cancelled 3 12/0700 12/1159 12/1400 Al Wajta 56 14/2100 3 12/0700 12/1159 12/1400 4 12/1200 12/1459 12/1700 Aid Hope *****1,177 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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409 1991-01-12 3 Elaine Koh - By Elaine Koh CEMENT prices will reach near record levels with a new round of hikes taking effect next week, say industry sources. Cement in hags is expected to go up by $6 to $155 per tonne, and bulk cement by $11 to409 words
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280 1991-01-12 3 Suzanne Soh - By Suzanne Soh WEARNE Brothers, which already owns some commercial properties in China, is increasing its real estate interests there with a newlyformed joint venture company in Shenyang city in the northern part of the country. The joint venture, Shen Yang Hua280 words
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Article, Illustration538 1991-01-12 3 Magdalene Ng - Cycle Carriage details diversification strategy By Magdalene Ng CYCLE Carriage has reaffirmed food and retail and properties as part of its core businesses along with its highly-profitable motor vehicle division. The diversification programme, the theme of its 1990 annual report, was expounded at length by C&C chairman Tan Sri Dato538 words
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COMPANY BRIEFS
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97 1991-01-12 3 PARKWAY HOLDINGS' directors Dato Tan Chin Nam, Dato Tan Kim Yeow and Mr Tony Tan have sold their interests in 40.86 million Parkway shares held through IGI Ltd. The hulk of the shares, totalling 33.9 million, have been acquired by Hasetrale Holdings Pte Ltd,97 words
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Article94 1991-01-12 3 TIMURAN Holdings Bhd has proposed to acquire the entire equity of Kontrak Manufacturing Services Sdn Bhd of three million shares of MSI each. KMS is a wholly-owned subsidiary of the Borneo Company (1986) Sdn Bhd. Borneo, in turn, is 60 per cent owned by94 words
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Article25 1991-01-12 3 THE RIGHTS issue, loan stock issue and warrants for Ses-daq-listed The Hour Glass will be quoted from Jan 15, 1991.25 words
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Article31 1991-01-12 3 BRITISH American Tobacco Company has despatched its capital distribution and new share certificates on Dec 22, 1990 for shareholders who were registered by Dec 14, 1990.31 words
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Article67 1991-01-12 3 KESANG Corporation Bhd has reported a 23.1 per cent lower pre-tax loss of M 52.39 million for the year ended June 30, 1990 from a loss of M 53.11 million previously. The group's turnover increased by 30.3 per cent to M 528.04 million from M 521.5167 words
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Article33 1991-01-12 3 OYL INDUSTRIES Bhd says its proposed joint-venture to manufacture air conditioners in Tashkent, Russia, has been called off after preliminary discussions as it is found to be not viable.33 words
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Article, Illustration555 1991-01-12 3 MBT KUMPULAN Emas' engineering division, spearheaded by its subsidiary Salcon Engineering, has achieved a turnover of MS 100 million for the first half of its financial year and expects its performance to exceed that of last year.MBT - 555 words
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Article, Illustration290 1991-01-12 3 Harish Mehta - MARKET TALK By Harish Mehta IRAQ's President Saddam Hussein is famous for raiding countries. And. if we are to believe the market talk in the Middle Fast, he may also make a name for himself as a raider of the world's stock markets. Speculation290 words
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Page 3 Advertisements
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Advertisement160 1991-01-12 3 Technology in BT every Tuesday THE GROWTH TRIANGLE A Special Business Times Survey February 26, 1991 The Growth Triangle began casually as an idea. Singapore. Batam. Johor. Singapore has a rich pool of managerial talent. Batam and Johor are rich in natural resources, land and labour. Combine the three and160 words
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COMPANY NEWS
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COMPANY BRIEFS
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140 1991-01-12 4 FORD MOTOR Co said on Thursday its board of directors has elected to maintain its US 75-cent dividend despite reports the No 2 motorcar maker would eut it due to fourth-quarter losses and a weak sales market. However, several analysts said there is a140 words
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Article102 1991-01-12 4 THE GERMAN Lufthansa airline has launched a Euro loan of 500 million Deutsche marks (about US$329 million) through its Dutch financial subsidiary Lufthansa International Finance to pay for the renewal of its fleet of aircraft, the company said on Thursday. The consortium placing the issue would102 words
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Article84 1991-01-12 4 JAPANESE department store operator Sogo Co Ltd and British real-estate firm Mountleigh plan a 38-billion-yen (US$24O million) development in London's Piccadilly Circus, a Sogo spokesman said yesterday. The Osaka-based retailer has also acquired, for an undisclosed sum, a 50-per-cent stake in Mountleigh Criterion, an affiliate84 words
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Article104 1991-01-12 4 SCOTT PAPER Co of the US said on Thursday it intends to sell its food service, specialty paper and bulk non-woven businesses, and announced a US$lOO million charge to fourth-quarter 1990 earnings. Scott, the world's largest maker of sanitary paper which includes facial and bathroom tissues,104 words
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Article74 1991-01-12 4 AUSTRALIA'S Brambles Industries announced on Thursday that it had bought the Austrian-based Toman crane rental and heavy haulage operation for an undisclosed sum. Gary Pemberton, Brambles managing director, said the purchase represented "an opportunity to extend Brambles' industrial services presence to central Europe." Toman would become74 words
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248 1991-01-12 4 Reuter HONGKONG-listcd Glynhill International Ltd has purchased all the issued share capital of Hongkong's Chains International Hotels Management Ltd and Yopwoo Ltd and Singapore-based Chains International Hotels Management Pte Ltd for HK553.6 million, the company said. The company, which concentrates on hotel management, said the dealReuter - 248 words
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311 1991-01-12 4 Reuter THE Lloyd's of London insurance market said it has formed a group to make a fundamental study of its capital base and to identify how the market should operate five to seven years from now and beyond. The group will examine, among other things,Reuter - 311 words
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531 1991-01-12 4 Also approved an interim financing of US$5O million UPI A US BANKRUPTCY judge has approved Pan Am Corp's deal to sell Five London routes to United Airlines during a hearing at which financier Kirk Kerkorian emerged as a possible bidder forUPI - 531 words
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Article, Illustration524 1991-01-12 4 UPI THE BOEING CO said on Thursday the US Air Force has terminated the bulk of the aerospace concern's troubled Peace Shield Air Defense Project in Saudi Arabia for delays and cost overruns. Boeing is the principal contractor on theUPI - 524 words
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Article, Illustration281 1991-01-12 4 Reuter FORMER Australian media mogul Christopher Skase announced on Thursday he had resigned as chairman of his collapsed Qintex group of companies and said communists were rejoicing at the destruction of Australia s entrepreneurs. Mr Skase said in a statement his decision was partlyReuter - 281 words
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374 1991-01-12 4 Reuter THE US Securities and Exchange Commission has approved a package of new regulations to clarify and simplif> reporting requirements for corporate insiders. The rules change Section 16 of the Securities Exchange Act of 1934. which requires company officers, directors and major shareholdersReuter - 374 words
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247 1991-01-12 4 Reuter BRITISH advertising group Saatchi and Saatchi. once the largest agency in the world, unveiled plans on Thursday to solve the huge debt problems which threatened its existence. The plans involve an injection of cash for working capital, to ensure financial stability, and a changeReuter - 247 words
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489 1991-01-12 4 UPI A TOP EXECUTIVE of Toyota Motor Sales (TMS) USA said this week its parent company would decide within 60 days whether to take on top American car makers and enter the full-sized pick-up truck market by 1993. Boh McCurry. executive vice-presidentUPI - 489 words
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Page 4 Advertisements
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Advertisement11 1991-01-12 4 I lo> d's set to stay open on weekends, Pg 511 words
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FINANCIAL NEWS
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433 1991-01-12 5 AP LLOYD'S OF LONDON, the world's largest insurance market, was gearing up for a possible war. Lloyd's said it expects insurance rates, which already have soared since Aug 2, to climb "very substantially" if war breaks out. Its chief executive announced the marketAP - 433 words
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194 1991-01-12 5 Reuter FEDERAL Reserve governor John LaWare said the Fed would act to prevent "turmoil" in the market related to the threat of war in the Middle East. Mr LaWare. speaking to reporters at a Miami business meeting, said it was not possible to predict exactlyReuter - 194 words
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SMAL LCHANGE
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100 1991-01-12 5 POLAND said it expected new World Bank loans of between US$6OO million and US$BOO million by the end of June and said talks with the International Monetary Fund (IMF) on a new three-year agreement might start next week. The announcement contradicted100 words
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Article76 1991-01-12 5 NORWAY'S Labour government has proposed a new live billion crown fund to bolster Norway's banks, many ol which are facing huge and mounting losses. "The bank system as such is not in a crisis...but the banks are losing money too much money." Finance Minister Sigbjoern Johnsen76 words
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Article85 1991-01-12 5 BRAZIL will meet foreign creditor banks for a new round of talks after restarting interest payments on its commercial bank debt of US$6O billion, official sources said. Jorio Daustcr, Brazil's chief debt negotiator, said he would travel to New York a meeting with the assessment committee85 words
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Article, Illustration556 1991-01-12 5 DBS Bank weekly currency review US$/mark: Rallv on hold AS EXPECTED US$/deutschemark rallied this week, traded through the Dec 3 high of 1.5148 and then proeeeded to test the resistance of 1.5465. Trading was volatile as the dollar attempted repeatedly, but failed, to break556 words
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Page 5 Advertisements
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Advertisement482 1991-01-12 5 ADVERTISEMENT VS, 1 The hyattQkuantan I (Q) IPAHANG MIHROR Tgsg For Singapore: Minister Kuantan, Fri Singapore to door- JST I econo- n t 1 I UUfci m m "m M ft a of Pahang. addition, in-depth inquiry Maior Manufacturers -This is wm^Vc^ kind, and is specially geared to jvc »,ll482 words
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REGION & WORLD
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555 1991-01-12 6 Success from foreign investments not welcome by all Reuter AWASH with foreign investment, Johor could become Malaysia's new industrial powerhouse in the next century. But economists say success in the southern state is bringing in its wake the headachesReuter - 555 words
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Article, Illustration51 1991-01-12 6 Floor traders at London's International Petroleum Exchange shouting orders on Thursday as oil markets edge nenously higher after the breakdown of Gulf peace talks in Geneva between the US and Iraq. Oil prices rose about one L'S dollar a barrel on I hursday. Reuter photo ReuterReuter photo - 51 words
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151 1991-01-12 6 A SENIOR Indonesian scientist has cast doubt on a scientific report that suggests that the El Nino heatwave will hit Indonesia this year, causing serious drought, the Jakarta Post reported yesterday. The El Nino heatwave, related to unusual changes in ocean temperatures, hit Indonesia and151 words
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WORLD WATCH
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Article184 1991-01-12 6 A TINY INCREASE in the World Bank's interest rate will eost Third World countries an extra million US dollars in the first six months of this year, an official estimated Thursday. Under a new way of calculating the variable rate ot interest the bank charges,184 words
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Article119 1991-01-12 6 MODERN sports facilities built for last year's Beijing Asian Games will now lie unused or simply drain government funds because the Chinese public cannot support their maintenance costs, a state-run newspaper reported yesterday. The E:.nglishlanguage China Daily said the 27 gymnasiums, arenas and other sports centres either119 words
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Article101 1991-01-12 6 TAIWAN will double its imports of liquefied natural gas from Indonesia this year to meet demand from domestic power plants, households and industry, state-owned Chinese Petroleum Corp said. Vice-president Chen Fn-li said LNG imports would rise to 1.5 million tonnes this year from -.lightly101 words
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Article97 1991-01-12 6 SRI LANKA's tourism industry, once battered by internal strife, has made a dramatic recovery thanks to big-spending Japanese pleasure seekers and Hongkong gamblers, officials said in Colombo. The official Ceylon Tourist Board (CTB) said tourist arrivals from Japan and Hongkong more than doubled last year compared97 words
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364 1991-01-12 6 NYT GERMANY announced on Thursday that its onccmighty trade surplus took an especially sharp tumble in November, falling to DM3.3 billion (about USS2.I6 billion) from DMB.4 billion in October, as record imports fed a booming economy in former West Germany andNYT - 364 words
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110 1991-01-12 6 Reuter ECONOMIST Albertas Simcnas was elected Prime Minister of the Baltic republic of Lithuania on Thursday, replacing Kazimicra Prunskiene. who resigned this week over price increases she sponsored. Mr Siinenas. 40. a member of the centrist faction in the Lithuanian parliament, pledged to organise aReuter - 110 words
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381 1991-01-12 6 AP PRESIDENT Mikhail Gorbachev, using his emergency powers over the Soviet economy, has authorised the use of foreign currency reserves to huv food for his shortage-plagued country, according to the state news agency. In a presidential decree on food, the presidentAP - 381 words
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416 1991-01-12 6 AP I HE Bush administration began an investigation on Thursday that could lead to trade retaliation against the 12-nation European Community in a dispute over the sanitary conditions ot' US meat-packing plants. The trade investigation was coming at a time when tradeAP - 416 words
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229 1991-01-12 6 UPI Reuter THE Soviet Parliament passed a 1991 budget with a 26.7 billion rouble (US$4B.l billion) deficit on Thursday after the finance minister painted a grim picture of the country's economic situation. The crisis budget approved by the Supreme Soviet, the country's standing parliament, envisagesUPI; Reuter - 229 words
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219 1991-01-12 6 THE number of paper recycling factories that can be set up in Hongkong is limited by strict environmental controls, the South China Morning Post reported on Thursday. Hongkong's secretary for Planning. Environment and Lands. Graham Barnes said that these factories which needed219 words
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156 1991-01-12 6 Reuter CHINA on Thursday said major problems, many of which arc far from being solved, overshadow and threaten its economic recovery. "In 1990 China's economic situation generally speaking was rather good, however the basis for our economic upturn is rather fragile." YuanReuter - 156 words
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FOCUS
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622 1991-01-12 7 The Gulf Crisis NYT SAUDI ARABIA has spent every penny it earned from windfall profits from oil sales last year and has committed double that amount to defend itself from Iraq and support those who have come to its aid, diplomats and Saudi officialsNYT - 622 words
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324 1991-01-12 7 Reuter FROM Iraq to El Salvador to China, the Bush Administration resorts to double standard policies for dealing with serious human rights abuses, an independent human rights group charged on Thursday. Washington, which in the past had made Iraq a recipient of generous aid, suddenlyReuter - 324 words
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Article260 1991-01-12 7 UPI A PROMINENT political consulting firm said on Thursday that there was a 90 per cent chance of a war in the Gulf, which could drive oil prices up to US$BO a barrel and unleash a wave of terrorism in the West. British-based OxfordUPI - 260 words
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313 1991-01-12 7 Reuter COMPANIES in the port of Rotterdam, home to the world's largest oil refinery complex, said on Thursday they were stepping up security against possible Iraqi terror attacks arising from the Gulf crisis. "Like other companies in the port, we have taken someReuter - 313 words
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391 1991-01-12 7 Reuter EGYPT would be unlikely to close the Suez canal swiftly if war broke out in the Gulf because it would be reluctant, at least initially, to lose one of its main sources of revenue, shipping sources said in London on Thursday. ButReuter - 391 words
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Page 7 Advertisements
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Advertisement260 1991-01-12 7 Internationale Frankfurter Messe w m I i 2P 1 Table Accessories >/ h me Time The largest consumer fair in the world. A few of the names we've made a name with. Exhibitors at the International Frankfurt Trade Fair Ambiente: Artimeta, Netherlands. Bayerische Metallwaren, Germany. Bodum, Switzerland. C.A.L.P., Italy, pictures260 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration840 1991-01-12 8 Diana Oon - By Diana Oon INVESTORS focussed their attention on marine and transport stocks yesterday as they pinned their hopes for a peaceful settlement in the Gulf on the expected meeting of the United Nations Secretary General and Saddam Hussein this weekend. Oil-related transport and marine840 words
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Article3875 1991-01-12 8 Cr's Gr's 1990/91 lei last Vol Day I-ast Quote l)i» l>i» Y'M Net M Cap High Low Code Company Sale +or- C000) High I/jw Buyer Seller H Cwr S P/K Smil INDUSTRIAL COMMERCIAL 277 152 1000 Acma 171 +3 263 171 166 170 172 104.8 290 165 1142 Alex Hldgs3,875 words
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Article4145 1991-01-12 9 Main Board SI A Foreign 1340 +-30 +2.3% UOl 231 20 +-9.5% Scmb Shipyard 515 +19 +3.8% keppel Corpn 550 15 2.8% Keppel C Wrts 273 M3 +5 0% OUB 468 F12 +2 6% SI A 200 1030 F10 +10% DBS 950 +10 F11% Spore4,145 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration905 1991-01-12 10 Bernama SHARE PRICES in Kuala Lumpur yesterday recovered from initial falls to close higher in moderate trading on light bargain-hunting in the afternoon session. The KLSE Composite Index at the close added 0.33 of a point to 482.11 but the Industrial Index eased 0.27Bernama - 905 words
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Article3048 1991-01-12 10 1991 Last Vol Day Net Cap High Low Company Sate "000 High Low P/E $mil INDUSTRIALS 179 170 AISB 50* 175 3 3 175 170 42.7 179.5 342 322 ASM 50* 326 unch 55 328 324 29.1 1338.2 296 280 Acidchem 285 4 14 285 281 122.5 255 250 Ajinomoto3,048 words
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Page 10 Advertisements
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Advertisement46 1991-01-12 10 MY CRISES r sex page AS A WOMAN .gMHJP Questions accounts jj. l3S?? recession jp* FASHION bgjgjjp What it means for you w| IVvV Vi_W vK |^r jb DRESSES IWiSMMI^UP SIMPLY IRREffIMiI^PH., Available at Times the Bookshops. Guardian, 7 Eleven, Newsstands and from your Newsvendor JiEM46 words
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REGIONAL STOCK MARKETS
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UN chiefs Iraq visit boosts Aussie stocks
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Article1040 1991-01-12 11 THE AUSTRALIAN share market yesterday bouneed hack from its losing streak, ending firmer following a bullish performance on Wall Street overnight and on Gulf peace hopes. Sentiment was boosted by United Nations Secretary General Javier Perez de Cuellar's departure to Baghdad to hold talks with Iraqi President Saddam Hussein.1,040 words
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Article82 1991-01-12 11 Close Previous Jan II SYDNEY All Ordinaries Index 1.243.1 1,233.7 H9.4 All Industrials Index 1.891.4 1.879 8 +11.6 All Resources Index 743.4 735.8 1-7 6 Turnover (million) 69.61 57.98 +11.63 BANGKOK ShT Index 596.57 591 04 f 5.53 Turnover (million) 888.4 NA JAKARTA Composite Index NA 397.38 MANILA Composite Index82 words
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Article735 1991-01-12 11 STOCKS closed higher in sluggish trade with investors clinging to hopes that a war can be averted at the last minute, brokers said. The SET Index rose 5.53 points to close at 596.57 on turnover of 888.4 million baht. Siam Cement gained four baht to end at 524, Siam735 words
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Article347 1991-01-12 11 TAIWAN share prices finished lower yesterday due to the Gulf crisis, dealers said. The weighted index fell 152.30 points, or four per cent, to 3,655.91 compared with Thursday's 3,808.21 finish. Turnover was a small NT525.3 billion against NTS2I.S billion. Dealers said late selling in the last hour accounted for347 words
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Article868 1991-01-12 11 SEOUL stocks ended the day down in slow trade as the index fiuctuatcd in a 15-point range on conflicting reactions to a New York Times report Iraq might try to end the Gulf crisis peacefully. brokers said. The composite stock index closed at 627.71, shedding 7.75 points from the868 words
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Article366 1991-01-12 11 In local currency In S$ la ESS day S year da) >ear day S >ear JAN 10 Index change change change change change change World 347.5 04 -25.3 -0.3 -27.3 -0.2 -21.4 *Eafe 459.8 0.0 -32.5 -0.7 -32.0 -0.6 -26.5 Lurope 357.8 -0.8 -20.6 -1.7 -16.3 -1.6 -9.4 Pacific 763.6366 words
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Article271 1991-01-12 11 NEW ZEALAND shares staged a mild recovery on thin volume, but interest fizzled out in afternoon trade and brokers said next week's performance hinges on developments in the Gulf. The modest rally was led by Brierlev Investments, which closed five cents higher at 90 cents. Brokers said it271 words
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Article44 1991-01-12 11 BOMBAY share prices closed broadly higher yesterday on all-round buying by state-owned investment houses but the market undercurrent was suspect, brokers said. The Bombay Stock Exchange index rallied 25.78 points or 2.56 pet to 1,034.30. The national index rose 7.63 to 518.57. Reuter44 words
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Article906 1991-01-12 11 Jakarta Rupiah VoHW) Abda 2150 Ahap Insurance 3000 750 25 Alumindo Perkasa Utama 7400 100 30 Aqua Golden Missisipi 9550 unch 160 Argo Panics ***** Aster Jawa 3000 Astra Graphia 8050 unch 35 Astra Int'l Inc ***** unch 115 Asuransi Bintang Ind 7950 Asuransi Dayin Mitra 7000 Asuransi Jiwa Panin906 words
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Page 11 Advertisements
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Advertisement8 1991-01-12 11 Manila and Jakarta market reports were not available8 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2234 1991-01-12 12 Reuter TOKYO STOCKS closed higher yesterday on hope that Iraq would mount a new diplomatic initiative to end the Mideast Gulf crisis peacefully, after a day when the key Nikkei average bounced back and forth between positive and negative territory in volumeReuter - 2,234 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2059 1991-01-12 12 Reuter LIGHT BUYING of safe blue chip counters by institutions and speculators banking on an 11th hour peaceful solution in the Gulf pushed Hong Kong's Hang Seng index up 22.84 points, to end at 3,058.37, brokers said. "Most fund managersReuter - 2,059 words
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Page 12 Advertisements
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Advertisement7 1991-01-12 12 Innovation Technology in Business Times on Tuesday7 words
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WORLD STOCK MARKETS
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Wall Street posts first gain of the year
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Article, Illustration1025 1991-01-12 13 THE US STOCK market posted its first gain of the year on Thursday, rising about 1.2 per cent as technical buying and bargain-hunting snapped a six-day losing streak. Hope that the United Nations will be able to steer the Mideast crisis to a peaceful solution also lured in1,025 words
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Article, Illustration893 1991-01-12 13 LONDON stocks were slightly firmer at midday yesterday but had slipped from earlier highs as hopes for a successful peace move in the Gulf crisis by the United Nations began to fade, market analysts and dealers said. The market soon moved ahead yesterday morning to register a 15.8 point893 words
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Article290 1991-01-12 13 DUTCH shares sailed glumly into the doldrums by yesterday's midsession, with dealers saying operators were virtually resigned to war in the Gulf, but keeping an eye out for any surprise progress from the UN Chiefs Gulf mission. The CBS general tendency index was unchanged at 78.1 at 12.40 GMT,290 words
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Article87 1991-01-12 13 Jan 10 Close PreiiuiK NEW YORK Dow Jones 2.498.76 2.470.30 4-28.46 NYSE Financial 117.62 116.77 +0.85 S P 500 314 53 311 .49 +3.04 Turnover (million) 124 191.1 -67.1 LONDON Financial Times 30 1,650.3 1.668.5 -18.2 FTSE 100 2.108 7 2.128 9 -20 2 Turnover (million) 375.0 405.9 -30.9 AMSTERDAM87 words
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Article203 1991-01-12 13 ITALIAN share prices ended below the day's highs in thin volume seen below Thursday's 87 billion lire, with insurer Generali actively traded on speculation that merchant bank Mediobanca has been buying shares in the insurer. "Everybody is worried about the threat of war," one broker said. "I don't understand203 words
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Article183 1991-01-12 13 FRENCH share prices completely erased early gains, retreating on menacing news from the Mideast, dealers said. The CAC-40 index was down 8.52 points or 0.57 per cent at 1,498.57 at 1226 GMT. after touching an earlv high of 1.523.06. Values were hurt by a US recommendation to all Americans183 words
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Article267 1991-01-12 13 GERMAN share prices tumbled from their early highs yesterday as a run of negative news soured market sentiment and pushed the DAX index down to near Thursday's closing level. It had started some 20 points higher. Dealers said the storming of Lithuania's defence department by Soviet troops triggered the267 words
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Article65 1991-01-12 13 PRICES on the Stockholm bourse firmed broadly in moderate early trade on increased hopes of a peaceful solution to the Gulf crisis as the UN secretary general meets with the Iraqi leader this weekend, dealers said. By mid-morning, the bourse general index had gained 1.27 per cent to 828.6565 words
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Article411 1991-01-12 13 THE Johannesburg stock market eased slightly in very slow opening trading yesterday as traders warily took to the sidelines to await the outcome of UN Secretary General Javier Perez De Cuellar's attempt this weekened to prevent war in the Gulf, dealers said. At 10:15 the JSE all-gold index had411 words
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Article204 1991-01-12 13 TORONTO stocks rallied in afternoon trade on Thursday after strength in US bonds and a surge in defensive shares lifted the market, dealers said. "It's hard to say what was going on in the market because the volume was so light," chief trader Fred Ketchen said. The composite index204 words
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Article355 1991-01-12 13 Reuter SWISS shares traded a shade easier at midsession yesterday in lacklustre trading as profit-taking and a lack of buying interest cut into gains of around 0.8 per cent, dealers said. The SMI index of leading shares feU 8.9 points, or 0.67 per cent, to 1,322.6 after peaking earlierReuter - 355 words
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Article123 1991-01-12 13 Brussels Jan 10 KraiH-s FORWARD MARKET Actx" 2295 -105 Arbed 2820 -40 Astur 950 -36 Brascan 400 -15 ("anpac 506 -14 Cock 135 -5 IX- Beers 5% -4 Ebcs (ib-lnno-Bm 1030 -16 Gevaert 6400 -80 Cir Bru Lamb 3050 -100 Hobok Petro 9600 -340 Ryl Dutch 2370 +15 Sidro 1540123 words
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CURRENCY, MONEY & FUTURES MARKETS
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1221 1991-01-12 14 REPORTS THE US CURRENCY ended a see-saw session broadly firmer in Tokyo, with traders confused over whether the situation in the Gulf is headed for war or peace. The dollar erased morning gains on a sell-off during the Tokyo lunch break1,221 words
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Article404 1991-01-12 14 Cross rates Jan 11 I US$ SS MS Dm Yen SFr AS NZS USS 1.7570 2.7245 1.5285 134.40 0.5230 1.2830 1.2937 1.6878 SS 0.5692 1.5507 0.8699 0.7649 0.2977 0.7302 0.7363 0 9606 MS 0.3670 64.49 0.5610 0.4933 0.1920 0.4709 0.4748 0.6195 Dm 0.6542 1.1495 1.7825 87.93 0.3422404 words
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Article570 1991-01-12 14 Interbank rates Bid Offer~ Overnight 4 1/8 4 1/4 1-month 4 7/16 4 9/16 2-month f 4 1/2 4 5/8 3-month 4 9/16 4 11/16 Overnight mode: 4-1/8 1'SS Bid Offer 7 days 7 7 1/8 1 nonth 7 3/16 7 5/16 2 months 7 1/4 7 3/8570 words
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314 1991-01-12 14 Reuter AN OUTBREAK of war in the Gulf would see the Swiss franc join the dollar in its traditional "safe haven" currency role, analysts said. "If war breaks out the Swiss franc will rise against European currencies and the dollarReuter - 314 words
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283 1991-01-12 14 Reuter NEW ZEALAND Finance Minister Ruth Richardson sees scope for further and sustainable falls in interest rates over 1991, despite a "technical adjustment" by the Reserve Bank to curb sharp falls in short-term yields. "My policy concern is that we have got the settingReuter - 283 words
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Article1170 1991-01-12 14 SIMEX EURODOLLAR 1 Open High Low Sett Est Vol Op/Int Vol Mar 91 92.76 92.81 92.73 92.75 ***** ***** ***** Jun 91 92.84 92.92 92.83 92.84 9000 ***** 9985 Sep 91 92.72 92.80 92.71 92.74 2060 4178 2535 Dec 91 92.42 92.48 92.42 92.44 500 3518 636 Mar1,170 words
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COMMODITIES
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385 1991-01-12 15 Reuter THE WORLD'S two largest futures exchanges are developing plans in the event of a Gulf war that would call for most futures markets to remain open. Chicago Mercantile Exchange and Chicago Board of Trade officials said that although regulations permit the exchangeReuter - 385 words
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198 1991-01-12 15 Reuter THE Soviet Union has made the biggest single purchase of US grain ever recorded, buying over 3.7 million tonnes of corn valued at US$34O million to US$3BO million, the US Agriculture Department said. With that transaction, the Soviet Union broke its own recordReuter - 198 words
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Article113 1991-01-12 15 Reuter THE London International Petroleum Exchange (IPE) said it does not intend to introduce limits to price movements or to halt normal trading if there is a Gulf war. The exchange said in a statement that in the event of an exceptionally active volume ofReuter - 113 words
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817 1991-01-12 15 REPORTS HONGKONG: Gold closed easier as Japanese investors liquidated long positions, which triggered light local fol-low-through selling. But dealers said bullion moved narrowly for much of the day in moderate trading. "It was obviously Gulf uncertainty which triggered selling and position-squaring," a817 words
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Article1410 1991-01-12 15 Rubber j an n HAS (tefc In tatos) S ccnts/kg Noon Close Int I RSSPrompt 150.25/151.25N 149.50/150. SON Int I RSS Feb 91 151 25/151.75 150.50/151 00 Int I RSS Mar 152.00/152.50 151.25/151.75 Int 2 RSS OP I48.50/I50.50N I48.00/I50.00N Int 3 RSS OP 143.50/145.50N I43.00/I45.00N Int 4 RSS OP1,410 words
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Page 15 Advertisements
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Advertisement7 1991-01-12 15 Exccutivc Jobs every Saturday in Business Times7 words
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Advertisement263 1991-01-12 15 NOTICES M THE MATTER OF THE COMPANIES ACT, CAP. 90 AMD M THE MATTER OF BUANHENG GOLDSMITHS A JEWELLERS (PRIVATE) UIfTED (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Compares Act, Cap 50 that the Final Meetng of Menken of the above-named Company wd263 words
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Advertisement285 1991-01-12 15 THE COMPANIES ACT, CAP SI JIN LONG DEVELOPMENT PTE LTD (IN MEMBER'S VOLUNTARY □00 CATION) At an Extraordinary General Meeting of JIN LONS DEVELOPMENT PTE LTD duly convened and held at 12 Nankin Street Singapore 0104 on Saturday, the sth day of January 1991, the following special resolutions set out285 words
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Article, Illustration421 1991-01-12 16 Anna Teo - By Anna Teo A NEW REGIONAL order in South-east Asia with the expansion of Asean to include Indochina may be feasible with the winding down of the Cambodian conflict, said Professor Tommy Koh, director of the Institute of Policy Studies, yesterday.421 words
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263 1991-01-12 16 APART from the obvious opportunities it poses, the regional boom, particularly in Thailand and Malaysia, could prove a threat for Singapore if the Republic is not responsive enough, suggested Straits Times managing editor Patrick Daniel yesterday. Commenting on regional economic performance at the session263 words
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Article, Illustration726 1991-01-12 16 Koichi Ishiyama - Japan's PM phones Asean leaders to explain From Koichi Ishiyama in TOKYO THE JAPANESE prime minister, Mr Toshiki Kaifu, has called off his planned visit to Singapore and four other Asean nations next week, saying "I must stay in Tokyo726 words
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Article, Illustration32 1991-01-12 16 Preparing for chemical warfare? Not quite. A Chinese cyclist, covered from head to toe from the frosty winder wind, riding in a Beijing alley. AP picture AF pictureAF picture - 32 words
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243 1991-01-12 16 AP SOUTH KOREA may become a full dialogue partner of the Association of Southeast Asian Nations (Asean) before the group's next foreign ministers meeting in July, Malaysian Foreign Minister Abu Hassan Omar said on Thursday. He said he had written to other Asean membersAP - 243 words
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397 1991-01-12 16 Reuter SOVIET PARATROOPS stormed key buildings in the Lithuanian capital of Vilnius yesterday following a stern warning by President Mikhail Gorbachev that the separatist republic had to submit to Moscow's authority. Soviet paratroops occupied the headquarters of the Lithuanian State Defence Department andReuter - 397 words
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689 1991-01-12 16 Agencies A PROLONGED WAR in the Gulf with oil prices shooting higher could end Japan's four-year run of economic expansion and bring on a recession, Japanese economists said this week. The downturn could further aggravate the economic situation in other industrial nations,Agencies - 689 words
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Page 16 Advertisements
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Advertisement6 1991-01-12 16 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement7 1991-01-12 16 CHARTPOINT Every Saturday in Business Times SSSSSBSBSSSSSS7 words
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Executiv eLifestyle
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Article, Illustration1212 1991-01-12 17 S N Vasuki - The Swiss expat community is one of the oldest in Singapore. They are involved in luxury goods, banking, manufacturing and there's even a 'Swiss Mafia' which controls the gourmet food scene. S N Vasuki finds out what it is to be Swiss and in Singapore. S N1,212 words
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STRAWS IN THE WIND
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Article66 1991-01-12 17 ART is art is art. At a modern art exhibition held at the National Museum recently, a glass door separating the paintings from the sculptures, for unknown reasons, broke neatly into pieces forming some unique shapes. Some visitors, fascinated by the shapes, snapped photographs of each broken glass.66 words
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Article58 1991-01-12 17 MEMPHIS Belle, the movie, appears to have an identity problem. It was listed in the Shangri-La hotel lobby as Mr Memphis Belle, a participant at British film producer David Puttnam's press conference. No wonder Puttnam felt compelled to drop by earlier this week with American actor Steve58 words
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Article54 1991-01-12 17 THE friends of one diner at a Pcnang hawker stall nearly choked on their food when she tucked eagerly into her cuttlefish salad and then exclaimed: "Try the testicles. Very crunchy." She meant tentacles, of course. Which goes to show you shouldn't talk with your mouth full,54 words
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Article37 1991-01-12 17 ANOTHER lady raised a few eyebrows in a restaurant when, over lunch, she exclaimed loudly to her friends: "I went to my hairdresser this morning and he did a lovely blow job on my hair."37 words
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OPINIONS
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928 1991-01-12 18 Melanie Chew - The US is in the Gulf to set up a new Pax Americana, argues Melanie Chew Melanie Chew Dr M Chen is a military historian FORMER United States President Richard Nixon, in his analysis of the Gulf crisis, argued that928 words
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Article, Illustration1019 1991-01-12 18 Suzanne Soh - Are Singaporeans really footloose and fancy-free when it comes to leaving home and country for greener pastures in foreign lands? Suzanne Soh suggests that the emigration question crops up at various stages of life as one strives to satisfy Masiow's Hierarchy of Needs. Suzanne1,019 words
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Article, Illustration1164 1991-01-12 18 David Chew - David Chew sees Sabah and Datuk Musa Hitam as two facets of a multi-dimensional succession issue in Umno that have not been resolved David Chew The writer is a BT journalist MAKING headlines last weekend was the surprise arrest and release on bail1,164 words
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Article178 1991-01-12 18 Dr Michael Loh - LETTER TO THE EDITOR Dr Michael Loh President, Michael Loh Creative Management Engineering I REFER to the article "Taking on the big boys" in the Enterprise and Management page (BT, Dec 17). Ms Tay Swee Lian, president of the government-back-ed MSD Consultants, has maintained that MSD's178 words
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SPORTS
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Article, Illustration871 1991-01-12 19 AP IVAN LENDL's tummy aches, Monica Seles is fighting burnout, Boris Becker is reeling from two firstround upsets, and John McEnroe is hiding far from the scene of his crime. The Australian Open tennis championships, the year's first Grand Slam event, picks up on MondayAP - 871 words
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SIDE LINES
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Article83 1991-01-12 19 PAT CASH showed glimpses of the form which made hin one of the world's top tennis players but was outgunned b\ the powerful Yugoslav Goran Ivanisevic in his first mate! in the Rio International Tennis Challenge on Thursday Cash, hampered by injuries over the past two83 words
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Article98 1991-01-12 19 MANCHESTER United are to become the third .English club to be floated on the British stock market. The FA Cui holders decided at their annual meeting on Thursday to gi public, despite the financial problems affecting Tottenhan and Millwall. Chairman and chief executive Martin98 words
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Article67 1991-01-12 19 ENGLISH soccer league leaders Liverpool have signet! winger Jimmy Carter from second division Millwall to; £800,000. But manager Kenny Dalglish denied that he a replacement for England international John Barnes. Wit! Barnes rumoured to be moving to a club abroad when hi contract is up at67 words
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Article90 1991-01-12 19 THREE-TIME winner Ari Vatanen of Finland on Thursdas stretched his lead in the Paris-Dakar Rally over rival Jacky Ickx of Belgium to 37 minutes 54 seconds in penalty time. Both men drive for Citroen. Frenchman Jean-Pierre Fontenay, driving a Mitsubishi, is in third position, nearly two90 words
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Article75 1991-01-12 19 ARGENTINIAN soccer captain Diego Maradona has been suspended for the next game of his club, Napoli, for misconduct towards the referee during last Sunday's Italian championship game against Juventus. Maradona will miss next Sunday's game against AS Roma. The Italian Federation disciplinary committee punished him for his sarcastic75 words
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Article90 1991-01-12 19 A SPECIAL committee has voted to approve a recommendation that would keep baseball's all-time hits leader Pete Rose oflf the Hall of Fame ballot. The committee, formed to discuss eligibility for baseball's Hall of Fame, voted 7-3 to adopt the recommendation. Though Rose's name90 words
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Article307 1991-01-12 19 AFP Maltese hot shot Tony Drago came within a whisker of dashing Stephen Hendry's hopes of an unprecedented snooker grand slam in the Mercantile Credit Classic quarter-finals played at Bournemouth, England, on Thursday. The young Scot, who has won the first four of thisAFP - 307 words
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Article, Illustration355 1991-01-12 19 Cassandra How - By Cassandra How THE world's biggest manufacturer of golfing equipment and accessories. Mizuno Corporation, has appointed Royal Sporting House its sole distributor in Singapore and Indonesia. Said a proud J S Gill, managing director of Royal Sporting House: "We have been negotiating for355 words
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Article, Illustration453 1991-01-12 19 AP WHATEVER records are set, the World Swimming Championships in Perth have made history. Firstly, women swimmers have been allowed to compete in two-pieee suits. FINA, swimming's world body, dropped its longstanding policy against anything but one-piece attire to allow Australia's female longdistanceAP - 453 words
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560 1991-01-12 19 Agencies HAL SUTTON got a share of the firstround lead at the Tucson Open on Thursday, but would have had it all to himself if not for a freak occurrence on his final hole. Sutton's approach shot to the ninth hole (heAgencies - 560 words
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EPICURE
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Article, Illustration479 1991-01-12 20 Quek Swee Peng - Quek Swee Peng tries the thin, the round and the ribbed Quek Swee Peng ON THE continent, mushroom hunting thrives on an abundant source of fabulous tree food. Shroom hunting, as it is sometimes referred to, is also a comprehensive sport where shroomers seek to479 words
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LIFESTYLE 1
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Article, Illustration953 1991-01-12 21 N K Yong - Bordelais had a good run, but Burgundians are catching up with their spirited sprint. N K Yong snitYs out the vintages N K Yong IF THE Bordelais are laughing all the way to the bank, the Burgundians are not far behind. For them, the Eighties953 words
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Article, Illustration499 1991-01-12 21 Sybil Holloway - BRIDGE By Sybil Holloway Last Christmas, i was given an amusing little bridge book ealled A Christmas Stocking written by Frank Stewart who started out to become a professional musician but ended up taking bridge seriously. He has written several instructive books on499 words
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Article, Illustration401 1991-01-12 21 Paris won't be quite the same without the scandalous publicity about tobacco and alcohol The Economist IT MAY help rcducc the death toll (though some specialists maintain that it will not make a jot of difference), but Paris will not be quite the same without them. AllThe Economist - 401 words
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Article, Illustration2016 1991-01-12 22 The Economist HAVING replaced the corporate jet he bought three years ago for US$B5O,OOO with a second-hand one costing US$6.7 million, Warren Buffett, chairman of America's Berkshire Hathaway, told shareholders with his tongue firmly in his cheek: "If our net worth continues to increaseThe Economist - 2,016 words
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Article, Illustration617 1991-01-12 22 Ringo Liew - CD Review By Ringo Liew ROSANNE CASH: Interiors FORGET that man-eater portrait on the cover. Interiors finds Johnny Cash's little girl in an uncharacteristically subdued mood, crafting an elegant ode to the walking wounded in the war of love. As the title suggests. Rosanne Cash's617 words
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Article, Illustration621 1991-01-12 22 A J Leow - The human spirit can prevail in the face of death, A J Leow finds out in the movie Memphis Belle. A J Leow GIVEN the overdose of mindless violence and gore at local cinemas lately (Total Recall springs to mind), Memphis Belle comes across the screen like621 words
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PURSUITS
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Article, Illustration1517 1991-01-12 23 Suzanne Soh - Peter Woo, chairman of the multi-billion-dollar property and shipping empire. World International, shares some of his personal philosophy with Suzanne Soh Suzanne Soh THE chairman of Hongkong's mul-ti-billion-dollar property and shipping empire, known for its Star Ferry services and Lane Crawford stores, avoids politics, loves to talk1,517 words
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Article, Illustration290 1991-01-12 23 Cassandra How - Cassandra How taps one foot to the strains of the Blue Danube at the Debutante Ball Cassandra How IT WAS a 3-D affair at the Debutante Ball last Friday. Dazzle. Decor. Degree. The women were in sequins, silks, satins and laces; the men (not all of them,290 words
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PERSONAL FINANCE & INVESTMENT 1
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Article831 1991-01-12 24 Magdalene Ng - War cries and recession talk are casting a pall over investors. But there is no need to hoard cash and wait for things to blow over. "T here's still bonds to take refuge in, says Magdalene Ng Magdalene Ng Bonds and cash are the831 words
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799 1991-01-12 24 INVESTORS in closed-end funds aimed at foreign stocks have been learning about international risk the hard way in recent months. After turning in dazzling performances in 1989, many of these funds went into full reverse in 1990. Consider the799 words
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Article, Illustration284 1991-01-12 24 C H ART NOW and then, markets find factors to focus on. Inflation, recession, depression, the US twin deficits, S&Ls, M&As, junk bonds, interest rates, currencies, (to name but a few) have been in the limelight and then faded. Currently, the price of crude oil and284 words
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DON'T QUOTE ME!
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160 1991-01-12 24 AFTER C RYING "bear, bear, bear" for the last three years, Robert Prechter. rock guitarist turned stock prophet, might get it right after all. Prechter became a hero in the 1980s bull market by calling for a Dow of 3,000 when the market160 words
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142 1991-01-12 24 IF THE charts are not strong enough evidence, how about the signs in the stars? First, like all good gums, Robert Prechter reminded his subscribers that he had been right about a solar eclipse (on July 21, 1990) marking the high point142 words
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763 1991-01-12 24 Duncan Mount - By Duncan Mount Duncan Mount is managing director of CEF Investment Management Limited. THE brinksmanship between the US and Iraq is now entering its final phase. Neither side is likely to blink until the very last moment.763 words
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Article764 1991-01-12 24 Prices (as at 10.1.91) Conversion terms Exp<rY Amount FT Optional" using rnmnil u Issued Wrts Share Lnstk Exer -j Gearing' Ut COmpany (ZS) Conv price Cash Cash' Lnstk' Date Whs ratio value CACWt 37.5 0 920 3.480 1.00 3.09 15 3.78 J 6 27 Causeway Inv764 words
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Article, Illustration1106 1991-01-12 25 Dr E P Neufeld - Is the C$ a 'safe haven petro-currency' Clearly the Gulf crisis has boosted the Cs. Being an oil producer helps, of course. But there are other factors at play, says Dr E P Neufeld Dr E P Neufeld Dr E P Neufeld is the executive vice-president of economics and corporate1,106 words
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JOBS
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Article, Illustration1018 1991-01-12 26 Harish Mehta - Would you give up a $250,000-a-year job for more flexible working hours and more time for your family? Downshifters would, reports Harish Mehta Harish Mehta IT HAD all the wham and whimper of a soap opera on the life of a business chief who turns fashionably counter-culture, resignsPunch - 1,018 words
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Article495 1991-01-12 26 Western execs in Moscow have to be as resourceful in running their household as their business NYT IMAGINE what an executive's life in the United States would be like if getting his car fixed meant driving from Chicago to New York, with a visaNYT - 495 words
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Article, Illustration408 1991-01-12 26 Mr Carlo A Grigioni has been promoted to the post of Head of Swiss Bank Corporation, Singapore. He succeeds Mr Hans-Rudolf Schaub, who has been relocated to Zurich, Switzerland. Mr Grigioni has been with the Swiss Bank Corporation for four years, and prior to his new assignment he408 words
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THE TRAVEL PAGE
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Article1068 1991-01-12 27 IS^ Amman FU83 0350 Amsterdam SQ23 1345 KL838 2150 KL837 1505 SQ24 2215 Athens 0A471 0015 .inn >.-»11 lOn I r:irr7i^^M L T^^^MlEM Bahrain GF148 0915 Bandar Sari BI421 1105 SQ182 0915 Begawan SQ181 1410 BI422 1205 BI429 2030 BI430 2125 Bangkok QF62 1135 CI664 07501,068 words
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Article, Illustration661 1991-01-12 27 Neville Stack - LETTER FROM LONDON By Neville Stack THE bigger entertainers become, the harder it is to speak to them. Chumminess gives way to Olympian aloofness when the golden discs come rolling in. So remote arc the mighty from the multitudes who made them that often661 words
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Article152 1991-01-12 27 As at 3pm yesterday: I>ocal dollars to one unit of foreign currency Currcncics Bid Offer Australian dollar 1.3510 1.3810 Canadian dollar 1.5090 1.5290 NZ dollar 1.0340 1.0690 Sterling pound 3.3400 3.3700 US dollar 1.7510 1.7610 lx»cal dollars to 100 units of foreign current) Austrian schilling 16.00 17.00152 words
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Article66 1991-01-12 27 Duration Title Venue Organiser Tel Duration Title Venue Oiganiser Jan 19-27 Inttnrtonl G«™an, Sm.l„nc, («)7,l,258« 1,"";™'"? Nnhert ds < 3I > W Exhibition For Mess. Und Building* Nederlandse Caravan,ng. Kongress Construction Jaart>eurs Motoring. Tourism Inhibition Jan 21-24 Middle East Manama. Arabian Exhibition 973/*****3 Feh 712 International internati^r"66 words
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TIME OFF
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Article225 1991-01-12 28 Open Air Concert Conducted by Lim Yau, the programme includes pieces from Mozart, Brahms, Stravinsky, Delibes and Ibert. The Botanical Gardens, Palm Valley. Jan 19 at 6pm Mad Forest Based on Caryl Churchill's play about the reactions of ordinary people to the Romanian revolution of Christmas 1989. Directed by225 words
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Article, Illustration343 1991-01-12 28 K Jayanti - Compiled by K Jayanti A Bonfire Of Visions By Robert Devoucoux A painter whose visions span more than half a century of artistic experience, from Dupre and Giacometti, with whom he was associated, to the present day. Allan Art Galleries, 1 Scotts Road, #03-31 #03-32, Shaw Centre. Until Jan343 words
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Article, Illustration623 1991-01-12 28 Reversal Of Fortune. Whether it is a case of husband-kills-wife-to-get-rich, only time can tell as this movie is based on the true-life story of Martha Crawford Von Auersperg, one of the richest heiresses in the world. She is still alive but in a coma and Glenn Close and Jeremy623 words
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Page 17 Advertisements
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Advertisement276 1991-01-12 17 iHHHhnhhHMNHHHHHHI Today, one watch reigns supreme. 7fer Menhanual Masterpieces XT* l Automatic Cbrtmoftraph the Perpetual Calendar unci the Tourbillitn I Illustrated front left to right) HA ***** (Hit HA JW tMUand HA JVvt.iOOJ For those who will not settle for Today, these masterpieces remain second lx.*st, there is only one276 words
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Page 18 Miscellaneous
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Miscellaneous45 1991-01-12 18 OOONESBURY BY GARRY TRUDEAU WHAT? 7HZ TZZZf ZZZ (MRPINNER. IUJAs\ If U)BSUPPtNLVRSALIZW WE U&t rJ k. CHICK* A u/HAllr yn/F/ND TAuaN6ABOUTiVHAT ONP/FFCRSNTS/PBSOP7HS S CAPTAIN! YO, KRAI OUT ROYAL PAIN THE SUZ. lATSR.6HZTOP MB SHE ISAUJTSD THAT'S FRATtPNI- BRA<& WRE.. HAP JUST AS6UMTPI UlAfb ANOFH- ANP6CJT45 words
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Page 20 Advertisements
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Advertisement886 1991-01-12 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE li 11 TT nuimee^ 1 CALIFORNIAN CUISINE J TOO LATE FOR BREAKFAST? jjt TOO EARLY FOR LUNCH? 7|r CALIFORNIAN J BUFFET J BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ IIV BAND TO PUT886 words
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Advertisement262 1991-01-12 20 cfiasBa/L kd "The 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 into262 words
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Page 21 Advertisements
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Advertisement284 1991-01-12 21 AND ENTERTAIN I Brunch I Is A Family Affair Every Sunday. SUNDAY BRUNCH: I Ml c I Every Sunday, Hubertus Grill becomes the venue tor a great Sunday family outing. A scrumptious buffet spread is laid out for j both grown-ups and children. i j ANA HOTEL I H> NASSIM284 words
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Page 23 Advertisements
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Advertisement25 1991-01-12 23 r-' ,v V V Nif ■<£ K ±A?J j|v .if John Lim is a successful stockbroker. If you dare to be yourself again. *P CLUB MED.25 words
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Page 25 Advertisements
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Advertisement183 1991-01-12 25 Mm Ik Juki v V ,a-.- f r- *&*m />.<v» *#T*y S%_ «> ;J%4 |J IM n a business, it takes ideas to move you For years, Hong leong and Singapore ahead. At Hong Leong and Singapore Finance have worked with thousands of Finance, we provide the expertise and put183 words
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Advertisement114 1991-01-12 25 Rediscover your carefree days of childhood at Club Med, Cherating, when we re-open on January 18 for another season of fun in the sun. And as an early Chinese New Year gift, anyone who comes to stay before February 10 will enjoy a 15% discount on our regular rates. This114 words
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Page 26 Advertisements
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Advertisement271 1991-01-12 26 BUSINESS TIMES TELH P II ONE: 730-5957/5902/5942 FAX: 7)4- 4 9 8 2 NRI I Nomura Research Institute(S) Pte. Ltd. I ECONOMIST I FOR I EMERGING REGIONS I A Global Research Institute, whose client is an international investment bank, seeks to I recruit an analytical and research oriented individual to271 words
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Advertisement77 1991-01-12 26 $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS Energy trading the power behind the men behind the business The chief of NTUC Fair Price talks Which booming industry was left unscathed by the 1985 recession? Finance houses face lean and loan-ly days Foreign Investors a little jumpy in land of kangaroos77 words
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Advertisement148 1991-01-12 26 DHL IN THE NEWS Advertisement DHL SPANS THE WORLD DHL was started in pany with a global network network, DHL is helping the United States in 1969 of over 1,344 offices serv- companies to improve their by three men Dalsey, ing 55,000 communities in productivity and distribuHillblom and Lind who148 words
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Page 27 Advertisements
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Advertisement53 1991-01-12 27 STAR TRACK STAR JUSTICE Justice seems to turn a blind eye to offences by Hollywood celebrities STAR MONEY New Kids on the Block tops the list of money earners in concert tours $130 million in all STAR FACE |P^i Barry Manilow offers The latest news and much more. From lunch-time.53 words
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Page 27 Miscellaneous
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Miscellaneous230 1991-01-12 27 6 The last we see of Coney, io 10 Farmhouse victims lined |H| JHT HI with silver for a spell!(5) 11 Free from blame, a num- 12 ber point j|^ Keep hus--13 Delight in city whipper- j WM 15 Come up with name<7) 17 Northern soldiers seek any 19 I230 words
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Miscellaneous168 1991-01-12 27 World forecast Asia-Pacific Hi/lxi* Cond. Auckland 22/10 Windy Bangkok 32/23 Showers Beijing OQ/-10 Cloudy Brunei .31/24 Fair Hongkong 18/15 Cloudy Jakarta 29/24 Rain Kuala Lumpur 33/24 Fair Manila 30/23 Showers Melbourne 30/20 Warm Perth 23/12 Cloudy Seoul 02/-8 Fair Sydney 34/24 Cloudy Taipei 22/14 Windy Tokyo 08/02 Cool Wellington 23/16168 words
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Miscellaneous15 1991-01-12 27 roe ueAveNs S*K£ 0NL y oo this *6* KCK C evtwmo l»MMO CO. LTD. IM.WI15 words
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Page 28 Miscellaneous
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Miscellaneous1658 1991-01-12 28 TODAY'S TV I V|l J [iTTH^B nHHBBMHftSdiHHH HftaBMMMMHHH Religious Programme. Newspaper Clippings. Saya Suka 'Alio 'Alio, 8.20pm, SBC 10.10 Cartoon. SBC 5 Rcnc are ar- j» JJ An Indonesian comedy fea- rested again and set free later u3O TV Education. Turing the trio Dono, Kasino when they can't be identified1,658 words
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Miscellaneous595 1991-01-12 28 MOVIES ON TV My Brother's Wife, Mon, The Colour Purple, Wed, 9.30pm, SBC 5 9.30pm, SBC 5 A romantic comedy that A Steven Spielberg movie spans two riotous decades that spells "pore, female, ugly with Barney (John Ritter) and black", adapted from the pursuing his brother's wife, Pulitzer Prize-winning novel595 words
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