The Business Times, 12 January 1991

Total Pages: 28
1 28 The Business Times
  • 11 1 Business Times MCI (P) 16/12/90 Weekend Edition, January 12-13 1991 75*
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  • NEWS SUMMARY
    • 70 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 sat
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    • 32 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.
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    • 53 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 of
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    • 25 1 THE Nanyang Technological Institute will launch its Masters degree programme for business administration in July, one year ahead of schedule Page 2
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    • 21 1 CEMENT PRICES will reach near record levels with a new round of increases taking effect next week Page 3
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    • 42 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 6
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    • Article, Illustration
      29 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 -20.2
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    • 19 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 unch
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    • 37 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 +6
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  • 246 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 on
    Agencies  -  246 words
  • 367 1  -  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. They
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  • 196 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,
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  • 353 1  -  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: "In
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  • 308 1  -  '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
  • 196 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 of
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  • Page 1 Advertisements
    • 135 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 Interbank
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    • 54 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 up
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    • 13 1 LIFESTYLE Fly me to the moon, James. EL 6 Rite of passage. EL6
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    • 30 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? EL9
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    • 5 1 JOBS Slow-down executives. EL 10
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  • HOME NEWS
    • NEWS ROUNDUP
      • 127 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 Dhanabalan
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      • 82 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 PM
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      • 108 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 on
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      • 106 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 few
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    • 354 2  -  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 their
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    • 100 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 of
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    • 262 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 Chi
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  • SHIPS IN PORT
    • 492 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 (P
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    • 1177 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 *****
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 409 3  -  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 to
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    • 280 3  -  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 Hua
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    • 538 3  - 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 Dato
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    • COMPANY BRIEFS
      • 97 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,
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      • 94 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 by
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      • 25 3 THE RIGHTS issue, loan stock issue and warrants for Ses-daq-listed The Hour Glass will be quoted from Jan 15, 1991.
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      • 31 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.
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      • 67 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 521.51
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      • 33 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.
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    • 555 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
    • 290 3  -  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. Speculation
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  • Page 3 Advertisements
    • 160 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 and
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • 140 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 a
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      • 102 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 would
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      • 84 4 JAPANESE department store operator Sogo Co Ltd and British real-estate firm Mountleigh plan a 38-billion-yen (US$24O million) development in London's Piccadilly Circus, a Sogo spokesman said yesterday. The Osaka-based retailer has also acquired, for an undisclosed sum, a 50-per-cent stake in Mountleigh Criterion, an affiliate
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      • 104 4 SCOTT PAPER Co of the US said on Thursday it intends to sell its food service, specialty paper and bulk non-woven businesses, and announced a US$lOO million charge to fourth-quarter 1990 earnings. Scott, the world's largest maker of sanitary paper which includes facial and bathroom tissues,
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      • 74 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 become
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    • 248 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 deal
      Reuter  -  248 words
    • 311 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
    • 531 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 for
      UPI  -  531 words
    • 524 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 the
      UPI  -  524 words
    • 281 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 partly
      Reuter  -  281 words
    • 374 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 shareholders
      Reuter  -  374 words
    • 247 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 change
      Reuter  -  247 words
    • 489 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-president
      UPI  -  489 words
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  • FINANCIAL NEWS
    • 433 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 market
      AP  -  433 words
    • 194 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 exactly
      Reuter  -  194 words
    • SMAL LCHANGE
      • 100 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 contradicted
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      • 76 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 Johnsen
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      • 85 5 BRAZIL will meet foreign creditor banks for a new round of talks after restarting interest payments on its commercial bank debt of US$6O billion, official sources said. Jorio Daustcr, Brazil's chief debt negotiator, said he would travel to New York a meeting with the assessment committee
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      • 2 5 Dollar$ Non$en$e
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    • 556 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 break
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  • Page 5 Advertisements
    • 482 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 »,ll
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  • REGION & WORLD
    • 555 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 headaches
      Reuter  -  555 words
    • 51 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 Reuter
      Reuter photo  -  51 words
    • 151 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 and
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    • WORLD WATCH
      • 184 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,
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      • 119 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 either
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      • 101 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 -.lightly
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      • 97 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 compared
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    • 364 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 and
      NYT  -  364 words
    • 110 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 a
      Reuter  -  110 words
    • 381 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 president
      AP  -  381 words
    • 416 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 trade
      AP  -  416 words
    • 229 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, envisages
      UPI; Reuter  -  229 words
    • 219 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 needed
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    • 156 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." Yuan
      Reuter  -  156 words

  • FOCUS
    • 622 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 officials
      NYT  -  622 words
    • 324 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, suddenly
      Reuter  -  324 words
    • 260 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 Oxford
      UPI  -  260 words
    • 313 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 some
      Reuter  -  313 words
    • 391 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. But
      Reuter  -  391 words
  • Page 7 Advertisements
    • 260 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, pictures
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  • STOCK EXCHANGE OF SINGAPORE 1
    • 840 8  -  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 marine
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    • 3875 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 Hldgs
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  • 4145 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% Spore
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  • KUALA LUMPUR STOCK EXCHANGE
    • 905 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 0.27
      Bernama  -  905 words
    • 3048 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 Ajinomoto
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  • REGIONAL STOCK MARKETS
    • UN chiefs Iraq visit boosts Aussie stocks
      • 1040 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.
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      • 82 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 Index
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      • 735 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, Siam
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      • 347 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 for
        347 words
      • 868 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 the
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      • 366 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 763.6
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      • 271 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 it
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      • 44 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. Reuter
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      • 906 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 Panin
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  • TOKYO STOCK EXCHANGE
    • 2234 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 volume
      Reuter  -  2,234 words
  • STOCK EXCHANGE OF HONGKONG
    • 2059 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 managers
      Reuter  -  2,059 words
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  • WORLD STOCK MARKETS
    • Wall Street posts first gain of the year
      • Article, Illustration
        1025 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 in
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      • Article, Illustration
        893 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 point
        893 words
      • 290 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
      • 87 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 AMSTERDAM
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      • 203 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 understand
        203 words
      • 183 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 Americans
        183 words
      • 267 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 the
        267 words
      • 65 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 828.65
        65 words
      • 411 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 had
        411 words
      • 204 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 index
        204 words
      • 355 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 earlier
        Reuter  -  355 words
      • 123 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 1540
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  • CURRENCY, MONEY & FUTURES MARKETS
    • 1221 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 break
      1,221 words
    • 404 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 0.3422
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    • 570 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 3/8
      570 words
    • 314 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 dollar
      Reuter  -  314 words
    • 283 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 setting
      Reuter  -  283 words
    • 1170 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 Mar
      1,170 words

  • COMMODITIES
    • 385 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 exchange
      Reuter  -  385 words
    • 198 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 record
      Reuter  -  198 words
    • 113 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 of
      Reuter  -  113 words
    • 817 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," a
      817 words
  • 1410 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 OP
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  • Page 15 Advertisements
    • 7 15 Exccutivc Jobs every Saturday in Business Times
      7 words
    • 263 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 wd
      263 words
    • 285 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 out
      285 words

  • 421 16  -  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
  • 263 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 session
    263 words
  • 726 16  -  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 Tokyo
    726 words
  • 32 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 picture
    AF picture  -  32 words
  • 243 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 members
    AP  -  243 words
  • 397 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 and
    Reuter  -  397 words
  • 689 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
  • Page 16 Advertisements

  • Executiv eLifestyle
    • 1212 17  -  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 N
      1,212 words
    • STRAWS IN THE WIND
      • 66 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
      • 58 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 Steve
        58 words
      • 54 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
      • 37 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
    • OPINIONS
      • 928 18  -  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 that
        928 words
      • 1019 18  -  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. Suzanne
        1,019 words
      • 1164 18  -  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 bail
        1,164 words
      • 178 18  -  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's
        178 words
    • SPORTS
      • 871 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 Monday
        AP  -  871 words
      • SIDE LINES
        • 83 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 two
          83 words
        • 98 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 Martin
          98 words
        • 67 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 at
          67 words
        • 90 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 two
          90 words
        • 75 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 sarcastic
          75 words
        • 90 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 name
          90 words
      • 307 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 this
        AFP  -  307 words
      • 355 19  -  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 for
        355 words
      • 453 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 longdistance
        AP  -  453 words
      • 560 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 (he
        Agencies  -  560 words
    • EPICURE
      • 479 20  -  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 to
        479 words
    • LIFESTYLE 1
      • 953 21  -  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 Eighties
        953 words
      • 499 21  -  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 on
        499 words
      • Article, Illustration
        401 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. All
        The Economist  -  401 words
      • 2016 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 increase
        The Economist  -  2,016 words
      • 617 22  -  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's
        617 words
      • 621 22  -  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 like
        621 words
    • PURSUITS
      • 1517 23  -  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 talk
        1,517 words
      • 290 23  -  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
    • PERSONAL FINANCE & INVESTMENT 1
      • 831 24  -  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 the
        831 words
      • 799 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 the
        799 words
      • 284 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 and
        284 words
      • DON'T QUOTE ME!
        • 160 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 market
          160 words
        • 142 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 point
          142 words
      • 763 24  -  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
      • 764 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 Inv
        764 words
      • 1106 25  - 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 corporate
        1,106 words
    • JOBS
      • 1018 26  -  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, resigns
        Punch  -  1,018 words
      • 495 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 visa
        NYT  -  495 words
      • 408 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 he
        408 words
    • THE TRAVEL PAGE
      • 1068 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 0750
        1,068 words
      • 661 27  -  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 often
        661 words
      • 152 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 17.00
        152 words
      • 66 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
    • TIME OFF
      • 225 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 by
        225 words
      • Article, Illustration
        343 28  -  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 Jan
        343 words
    • Article, Illustration
      623 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 Jeremy
      623 words
  • Page 17 Advertisements
    • 276 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 one
      276 words

  • Page 18 Miscellaneous
    • 45 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- ANP6CJT
      45 words


  • Page 20 Advertisements
    • 886 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 PUT
      886 words
    • 262 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 into
      262 words

  • Page 21 Advertisements
    • 284 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> NASSIM
      284 words




  • Page 25 Advertisements
    • 183 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 put
      183 words
    • 114 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. This
      114 words

  • Page 26 Advertisements
    • 271 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 to
      271 words
    • 77 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 kangaroos
      77 words
    • 148 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 who
      148 words

  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • 230 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 I
      230 words
    • 168 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 23/16
      168 words
    • 15 27 roe ueAveNs S*K£ 0NL y oo this *6* KCK C evtwmo l»MMO CO. LTD. IM.WI
      15 words

  • Page 28 Miscellaneous
    • 1658 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 identified
      1,658 words
    • 595 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 novel
      595 words