The Business Times, 19 January 1991
1991-01-19
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The Business Times
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Title Section11 1991-01-19 1 Business Times MCI (P) 16/12/90 Weekend Edition, January 19-20 1991 75*11 words
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NEWS& MARKETS SUMMARY
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92 1991-01-19 1 UNITED STATES-Japanese trade talks ended with Tokyo's negotiators complaining that the US was too slow in cutting its budget deficit, but their American counterparts were pleased with Japan's efforts to open up its economy. Negotiators from the two countries briefed reporters in Tokyo after92 words
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Article41 1991-01-19 1 NEW YORK share prices opened lower on Wall Street yesterday following the second biggest gain ever in euphoric trading on Thursday. The Dow Jones Industrial Average was off 7.92 points, at 2,615.59 points, five minutes after the opening bell.41 words
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Article44 1991-01-19 1 LONDON share prices were lower at midday yesterday as investors grew cautious about the outcome of the Middle East conflict following Iraqi missile attacks on Israel. By midday, the Footsie 100-share index was down 17.3 points, or 0.8 per cent, at 2,087.3.44 words
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Article32 1991-01-19 1 CONSUMER prices rose by 3.4 per cent last year. Transport and communication costs grew fastest of the major price groupings making up the Consumer Price Index Page 232 words
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Article41 1991-01-19 1 CENTRALISED administration and tight cost control helped boost profits of Singapore Press Holdings to a record $182.4 million for the year ended August 1990. This was a 50 per cent jump over the previous year Page 341 words
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Article, Illustration29 1991-01-19 1 Friday Change BT-MGA 597.03 +0.79 Kuala Lumpur ..487.56 +0.22 Hongkong 3,072.17 -15.66 Tokyo 23,808.30 +361.49 Sydney 1,266.5 +29.0 Thursday Change New York 2,623.51 +114.6 London 2,104.6 +49.929 words
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Article18 1991-01-19 1 Exchange rates USS SSI.7435 Yen SSI.3036 MS SS0.6396 Money market rates Overnight 4% -1/8 3-month 4-1/2 unch18 words
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Article36 1991-01-19 1 London GoM am fix USS380.00 -USS5 50 Rubber S pore Feb l52.00«/kg -0.50 VTsiaFeb 236.50«/kg -100 KL Tin Turnover 58 tonnes 32 Spot MSl5.il/kg -0.02 Crude palm oil Turnover 1,057 lots -392 Peb MS891/tonne +836 words
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Article, Illustration859 1991-01-19 1 Bush promises to retaliate intensively THE WAR in the Persian Gulf entered an especially dangerous phase last night after Iraq hit two Israeli cities with missiles, apparently trying to draw the Jewish state into the Gulf war. Israel said it was859 words
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Article47 1991-01-19 1 Agencies In Jakarta, two foreign schools in the capital closed for fear of becoming targets for anti-Western sentiment. A bomb found in the grounds of the home of the US Ambassador was removed and detonated by the police yesterday, an embassy spokesman said. AgenciesAgencies - 47 words
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283 1991-01-19 1 MARKET optimism about a speedy end to the Gulf war was quashed by Iraqi missile attacks on Israel early yesterday. News of the attack initially unsettled financial markets during Tokyo's trading hours, but prices later settled down when Israel showed no immediate283 words
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Article, Illustration392 1991-01-19 1 Schutz Lee - By Schutz Lee THREE members of the Singapore business community Wee Cho Yaw, Robert Kwan and Jannie Tay were awarded top honours last night for their contribution to the economy and the community. The occasion was the 1990 Singapore Business Awards (SBA) presentation392 words
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Page 1 Advertisements
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Advertisement132 1991-01-19 1 Nikon ThsWfbrid's Finest Photographic System. COVER OPINIONS 1 PURSUITS LIFESTYLE FINANCE JOBS Bungling Military might Three men UmA of Grey power. at3W iflHHh SS.EL2 EL*' "SJEII ELB fAAt S&k o unattended Going wild over Aircraft Schedule EL 11 Commodities Company News Cryptic Crossword EL 11 Doonesbury EL 3 Fiecutive lobs132 words
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Advertisement31 1991-01-19 1 War lightens gloom that overhangs world economy, Page 7 Policymakers cooperate to keep markets stable, Page 7 Violence will be the victor in the Gulf, argues Melanie Chew, EL Page 231 words
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Advertisement63 1991-01-19 1 Nikon ThtWMd'tFtoMl PtwtogwpNc Syatom. mum INDIV IDUALITY. prec k >l smetms c stmim. \\d exquisite craftsmanship are embodied IN ONE OF THE WORLD'S MOST DESIRED WATCHES. THE ELITE WATCH FROM ALFRED DUNHILL. UJ Lucky Plaza Tel' *****20/1 Scotts Tel: *****27/7198 Centrepoint Tel: *****98/603 Peninsula Plaza Tel: *****09/*****63 Palais Renaissance Tel:63 words
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HOME NEWS
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Article, Illustration285 1991-01-19 2 Consumer Price Index up 3.4 pc last year CONSUMER PRICES rose by 3.4 per cent last year, well within the 3 to 4 per cent range projected by Government officials, with transport and communication costs growing fastest of the major price groupings making upSource: Dept of Statistics - 285 words
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291 1991-01-19 2 FOLLOWING the support given by the Singapore Medical Council (SMC), the National Trades Union Congress will, as was its original intention, invite all private clinics to join its medical benefit scheme. According to NTUC dep-uty-secretary Goh Chee Wee, NTUC had asked the Singapore291 words
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211 1991-01-19 2 TO OVERCOME the shortage of eye donors, the Human Organ Transplant Act may be extended to include the donation of corneas, said Health Minister Yeo Cheow Tong yesterday. This will be done if a campaign to encourage more people to pledge their211 words
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305 1991-01-19 2 Lilian Ang - By Lilian Ang A SCHEME to help disgruntled home buyers get quick redress from developers will be launched by the Real Estate Developers' Association of Singapore (Redas) on Monday. The Conciliation Panel Scheme (CPS), which involves the setting up of an independent305 words
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Article, Illustration237 1991-01-19 2 THE National Trades Union Congress has hit out at employers who have not kept their part in labour-manage-ment cooperation. If recent instances are any indication, some employers appear to be sending signals to workers that it does not pay to be237 words
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SHIPS IN PORT
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Article536 1991-01-19 2 lend Voy No Berth kmutt Deparhrt 1 iiifc ,1,1,1 Mppa vVVMrVM Baiytnshan 1/91 K32 alongside 2301/1500 Blue Ocean 9134 K33 alongside 1801/1/00 Cs Ocean 68 K34 alongside 2001/0800 l*a 1 1/91 K30 alongside 18.01/1700 Renatssance4 *****7 /P C10 alongside 18.01/1400 Catamarca 2 36EB C10 1901/1545 21.01/2300 Ocean536 words
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Article1239 1991-01-19 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/Balance Rsfts Sfy Voy No Etb/Btr Period From To From Act Jade 30B 21/2300 3 Cancelled Ac* lotus 86 22/1500 3 19/0700 19/1159 19/1400 4 19/1200 19/1459 19/1700 Aka BIxhti 457N 20/0645 1 18/1500 18/1659 18/1900 3 19/0700 19/11591,239 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration435 1991-01-19 3 Singapore Press Holdings Annual Report and Accounts 1990 THE FRUITS of synergy and cost control have helped boost earnings of Singapore Press Holdings to a record high, said group executive chairman Lim Kim San. Centralised administration and tight cost control contributed significantly to the newspaper group's435 words
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361 1991-01-19 3 Bernama A NEW board of directors has taken over control and management of Idris Hydraulic (M) Bhd in what has been widely speculated to be a politically-motivated takeover exercise. The takeover follows the purchase of an undisclosed but believed to be substantialBernama - 361 words
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Article, Illustration340 1991-01-19 3 AFTER shelving plans to redevelop the Times House in Kim Seng Road, Singapore Press Holdings is now reviving plans for a new headquarters. In the latest annual report, SPH indicated that it was planning its new headquarters and re-examining the feasibility of developing340 words
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271 1991-01-19 3 JOHN WONG, the former managing director of IBM Singapore, has brought his years of experience to bear on a new joint venture between IBM and local conglomerate Hong Leong Corporation (HLC). Now the group managing director of HLC, a post he assumed last271 words
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489 1991-01-19 3 Catherine Ong - MARKET TALK By Catherine Ong BUY when there's blood on the street. This stockmarket dictum was followed faithfully when war broke out in the Gulf on Thursday, despite expectations of an initial decline of 10-15 per cent in share prices. Sentiment was489 words
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397 1991-01-19 3 THE GULF WAR has given a big boost to newspaper sales, with The New Paper setting a new record on Thursday when it hit the streets three hours after the US pre-dawn attack on Iraq. Sales of The New Paper397 words
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Page 3 Advertisements
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Advertisement10 1991-01-19 3 The Warrants Table will be published on Monday, Jan 2110 words
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Advertisement388 1991-01-19 3 PBEgf NATIONAL L Gga UNIVERSITY I OF SINGAPORE I FACULTY OF ARTS SOCIAL SCIENCES I MASTER OF SOCIAL SCIENCES IN ECONOMICS I Applications are invited for admission to the Master of Social Sciences in Economics programme by course work and dissertation in the academic year 1991 92 commencing 1 July388 words
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COMPANY NEWS
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COMPANY BRIEFS
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73 1991-01-19 4 KAWASAKI HEAVY INDUSTRIES Ltd has won a 6.7 billion yen order from Hongkong's Kowloon-Canton Railway Corporation for 30 light rail vehicles, a Kawasaki spokesman said. The vehicles, to be used on rail extensions being built in the Tuen Mun and Tin Shui Wai areas,73 words
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Article155 1991-01-19 4 THE CONFEDERATION of British Industry (CBI) has urged the government to promote investment and savings by providing up to £500 million in tax relief for companies and individuals in the financial year that begins on April 1. The CBI wants the government to increase the155 words
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Article91 1991-01-19 4 THE UNITED NATIONS Development Programme (UNDP) and members of the Indonesian Chamber of Commerce and Industry (Kadin) will set up a venture capital fund in Jakarta to help local small-scale entrepreneurs. UNDP resident representative C J Kemp told reporters in Jakarta on Thursday that the fund,91 words
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Article95 1991-01-19 4 RICHARD STONE, a joint administrator of Polly Peck International pic, met the company's chief executive, Asil Nadir, last Monday in search of details relating to company funds in Northern Cyprus. Industry sources said the administrators wanted Nadir to help them locate some £200 million95 words
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Article89 1991-01-19 4 APPLE COMPUTER Inc's about face last October, when it launched lower-priced personal computers to expand its market share, is proving successful, said Apple chairman John Sculley on Thursday. "Our strategy to significantly increase the installed base of Macintosh users by offering the computers people want at more89 words
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Article105 1991-01-19 4 TRIDELTA AG, a technical ceramics maker in former East Germany, said it would be privatised in the next two to three months, with an initial public offering on German stock markets planned by 1994. Management board chairman Andreas Montag told journalists in Duesseldorf that Tridelta,105 words
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Article94 1991-01-19 4 JAPANESE TRADING COMPANY C Itoh and Co said in Tokyo on Thursday that one of its subsidiaries had bought 10 per cent of an Indonesian oil field from US company Mapco Inc. The deal, estimated to be worth about US$lO million, will allow C Itoh94 words
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Article, Illustration613 1991-01-19 4 NYT IBM surprised Wall Street analysts on Thursday by reporting an usually strong fourth quarter. The hefty gain for the largest computer maker was seen as evidence that the industry is set for a significant shake-out that will put added pressure on weaker competitors. InternationalNYT - 613 words
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Article335 1991-01-19 4 Reuter JOURNALISTS at the Australian arm of Rupert Murdoch's media empire on Thursday began a series of strikes in protest at the sacking of 14 colleagues at the company's flagship newspaper. About 250 journalists walked off the job for one day at three newspapers in theReuter - 335 words
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310 1991-01-19 4 he said. HONGKONG company Great Eagle has reported a 72.2 per cent decrease in profit to HK5284.06 million from HK$l.O2 billion for the year ended Sep 30. The South China Morning Post reported on Thursday that the company, which is the Lo Ying-shek family'she said. - 310 words
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246 1991-01-19 4 AFP A BOOM in exports to South-east Asia boosted IBM Australia's annual net profit by 18 per cent to Asl3s million (US$lO5 million) in 1990, the company announced yesterday. "A substantial portion of the growth in operating profit came from exports," IBMAFP - 246 words
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427 1991-01-19 4 THAI agriculture conglomerate Charoen Pokphand sees the world as its market. The Nation earlier this week quoted a senior executive of the Charoen Pokphand Group as saying: "One world, one market" to describe how Thailand's largest agriculture conglomerate will strive to reach optimum business427 words
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Article813 1991-01-19 4 Japanese company allowed to buy 40pc of US machine-tool maker NYT THE WHITE HOUSE has approved a Japanese company's purchase of 40 per cent of the only American company that makes precision machine tools that satisfy the requirements of the Defence and Energy Departments for makingNYT - 813 words
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Page 4 Advertisements
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Advertisement163 1991-01-19 4 I I I INVITATION^ I The Directors of Midsummer Estates Ltd., developers of I prestige UK investment properties, have pleasure in inviting I you to personal consultations to discuss their unique I opportunities at Pinehurst South, Grange Road II in Cambridge, England. 11 In number ot recent independent reports, Cambridgeshire163 words
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FINANCIAL NEWS
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390 1991-01-19 5 Soli Tiang Keng - By Soli Tiang Keng GLOBEX the screenbased electronic trading system which the Singapore International Monetary Exchange (Simex) may use for its futures trading will be launched in the third quarter of this year. This was revealed by Jay Sorkin, a390 words
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Article, Illustration477 1991-01-19 5 DBS Bank weekly currency review US$/Dm: Volatility reigns the day TRADING was volatile this week as the dollar gapped up on Monday and reached a high of 1.5542, from the previous week's close of 1.5285. It failed to close above the resistance of 1.5465,Charts by TeleTrac - 477 words
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246 1991-01-19 5 REPUBLIC New York Corporation, the holding company of Republic National Bank of New York, has reported a record net profit of U*****.2 million for last year, up from US$24 million in 1989. In a statement yesterday, the bank which runs246 words
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SMALL CHANGE
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46 1991-01-19 5 AMERICAN Republic Bancorp has consented to a cease and desist order from the Federal Deposit Insurance Corp arising from alleged violations of Federal and state banking law. The FDIC order placed certain operating restrictions on the corporation's main subsidiary. Republic Bank.46 words
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Article55 1991-01-19 5 THE Canadian Imperial Bank of Commerce said continued deterioration in business conditions will mean higher loan losses in 1991. JC Doran. ClßC's chief financial officer, said the bank's net non-performing loans stood at US$B72 million at the end of fiscal 1990, or 0.9 per cent55 words
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Article55 1991-01-19 5 THE administrator of Norway's Commercial Banks' Guarantee Fund said member banks would likely receive capital in about three months under a plan to support the troubled banking sector. Trond Reinertsen, managing director of the Norwegian Bankers' Association, which controls the fund, said no formal applications for55 words
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Article83 1991-01-19 5 THE Bank of Japan (BOJ) is prepared to act appropriately, if needed, to help stabilise financial markets, a senior BOJ official said. "We're ready to take appropriate market steps whenever necessary," he said. He added possible measures could include an injection of liquidity into short-term83 words
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Article78 1991-01-19 5 FIRST Florida Banks and Mid-State Federal Savings Bank said that the Federal Reserve Bank of Atlanta has urged First Florida to withdraw its application to acquire Mid-State. The companies said the Reserve Bank has reviewed the application and it is not likely that it will78 words
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Page 5 Advertisements
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Advertisement145 1991-01-19 5 )*-~~r' —jj /4 facsimile copy of Van Gogh's Park of the St Renty Hospital. <* f t«*s*, *2^3* Priceless paintings from timeless you can experience a true-to-life '&*,!>*** jsaagfflftT masters like Van Gogh, Renoir, Monet facsimile copy of the original and Rembrant could only be masterpiece reproduced for you in145 words
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REGION & WORLD
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490 1991-01-19 6 Investments will depend on outcome of Gulf war MBT THE next wave of Japanese investment in Malaysia will start oncc the Gulf war is over, Japanese Chamber of Trade and Industry Malaysia (Jactim) chairman Kazumasa Suzuki said yesterday. FutureMBT - 490 words
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290 1991-01-19 6 MBT A FUkIHER flow of lui wancse investment into Malaysia is expected this year following the announcement by the government to extend for another year two incentives for foreign investment which expired on Dec 31. Taipeh Investors Association in Malaysia president HungMBT - 290 words
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Article175 1991-01-19 6 Reuter THE number of jobless in Britain soared by 80,400 in December, the highest monthly figure in a decade and the fifth largest rise since records began in 1971. Seasonally adjusted unemployment data released by the Department of Employment on Thursday showed a riseReuter - 175 words
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WORLD WATCH
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84 1991-01-19 6 A SIX-MEMBER trade delegation from Vietnam has arrived in Hongkong to seek closer economic ties with the British territory, the Hongkong Trade Development C ouncil said yesterday. The six-member group from Ho Chi Minh City is the first high-powered group from the Vietnamese city to84 words
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Article95 1991-01-19 6 THE KEDAH Agriculture Departmcnthas has identified several more areas in Kubang Pasu and Pendang where pomelo can be cultivated on a commercial scale, director Haji Hassan Lebai Mat said. So far, 190 hectares in Kubang Pasu and about 300 hectares in Pendang. Padang Tcrap95 words
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Article69 1991-01-19 6 GROUP MANAGER at Innoprise Corp, Vincent Chung, has been arrested in Sabah in connection with an alleged plot to bring about the secession of Sabah from the Malaysian federation, police said yesterday. Mr Chung was being held under the Internal Security Act, which allows authorities69 words
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Article111 1991-01-19 6 THE British public sector recorded a £1.84 billion surplus in December, 1990, after a £1.3 billion deficit in November, a Treasury spokesman announced on Thursday. For the fiscal year from April 1989 to March 1990, the government had predicted a £3 billion surplus, but the111 words
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Article55 1991-01-19 6 THE World Bank said on Thursday it was increasing fractionally the variable interest rate it charges on loans. The rate for the variable loans will be 7.73 per cent per annum for the first six months of 1991, compared to 7.72 per cent for the55 words
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Article88 1991-01-19 6 RAW STEEL production in Japan in 1990 topped the 110-million-tonnc level for the first time in 10 years, according to figures released on Wednesday by the Japan Iron Steel Federation. Japanese steelmakers registered a 2.2 per cent increase in the production of raw steel to88 words
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Article103 1991-01-19 6 CONSTRUCTION of new homes and apartments in the United States plunged 12.4 per cent in December to the lowest level in BV2 years, the Commerce Department said on Thursday. For all of 1990, housing starts fell to 1.19 million, the lowest since the recession year of103 words
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131 1991-01-19 6 Reuter A PROLONGED Gulf war could change the schedule for world trade reform negotiations under the auspices of the General Agreement on Tariffs and Trade (Gatt), Japanese Agriculture Minister Motoji Kondo said yesterday. But there had been no change yet, he said.Reuter - 131 words
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307 1991-01-19 6 MBT MALAYSIA'S Science, Technology and Environment Ministry has requested M 5588.18 million for research and development in five sectors under the Sixth Malaysia Plan. The sectors are agriculture (M 5273.82 million), industry (M$ 165.82 million), medical (M 559.83 million), strategic (M 578.6 million)MBT - 307 words
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Article, Illustration585 1991-01-19 6 RECESSIONS in the world's major economies may trigger defaults in some consumer industries and'hit suppliers in Hongkong, the South China Morning Post reported on Thursday. "I'm worried that perhaps one or two businesses in Hongkong may be affected by defaults by some585 words
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Article, Illustration552 1991-01-19 6 Reuter "WHEN the United States catches a cold, wc risk catching pneumonia," says former Argentine economy secretary Adolfo Canitrot. The US cconomy is ailing and nearly everyone in Latin America believes the region's economics arc about to follow suit. Latin Amcrica is heavilyReuter - 552 words
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406 1991-01-19 6 Reuter NERVOUS Latin American countries have been enacting tough energy conservation programmes prompted by wildly fluctuating oil prices and fears of a disruption of world supplies following the outbreak of war in the Gulf. Even as oil prices slumped over US$lO a barrel onReuter - 406 words
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FOCUS
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Article, Illustration547 1991-01-19 7 Reuter THE United States and its allies, flush by apparent initial successes in the Gulf War, faced the critical question on Thursday of how great a defeat they need to inflict on Iraq and whether to try to depose its leader,Reuter - 547 words
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594 1991-01-19 7 The Gulf War Reuter THE world's economic outlook seemed less bleak on Thursday after US-led forces reported early successes in their bid to drive Iraq out of Kuwait. Sighs of relief echoed through world financial markets. A short war in the Gulf, bringingReuter - 594 words
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Article, Illustration495 1991-01-19 7 AP REVERSING an announcement made earlier in the day, the EC Commission on Thursday put on hold a plan to cut oil demand in the EC by 7 per cent. Explaining the change of position, a source at the EC executive Commission saidAP - 495 words
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567 1991-01-19 7 Reuter ECONOMIC policymakers from major nations will signal next week that they have a "very firm hand on the tiller" and are working together to maintain stable markets after the outbreak of war in the Gulf. "We're going to be closely working together toReuter - 567 words
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531 1991-01-19 7 Reuter George bush has now established himself as a warriorpresident and reserved a prominent place in US history books, but his more immediate political fate could be another matter. Some analysts say Bush is no longer a sure thing for re-electionReuter - 531 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration846 1991-01-19 8 Diana Oon - By Diana Oon NEWS of an Iraqi attack on Israel drove share prices down initially yesterday but the selling pressure was well absorbed by continued optimism in the local market. The Straits Times Industrials Index managed to post a 2.06-point gain to close846 words
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Article3774 1991-01-19 8 Gr's Gr's 1990/91 Tel l«t Vol Day Last Quote Div Di» YTd Net M Cap High Low Code Company Sale +or- (DOO) High Law Buyer Seller CVr P/E INDUSTRIAL COMMERCIAL 277 152 i 1000 Acma 173 +4 202 173 165 168 173 *06.1 290 165 1142 Alex Hldgs 50« 2103,774 words
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Article4091 1991-01-19 9 Main Board NatSteel Wt 165 4- 27 4-14 6% Singmarinc 50* 420 22 5.5% NatSteel 830 f 20 4-2.5% (X)E 550 )-20 t-3.8% Scmh Shipyard 550 20 4-3.8% Spore BusF 500 570 H5 t-2.7% Roth Iruls 50* 470 H4 >3.1% Scmb Ship Wt 144 H24,091 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration874 1991-01-19 10 Bernama Reuter SHARE PRICES in Kuala Lumpur closed generally lower in active trading yesterday on fears of an escalation of hostilities in the Gulf war following Thursday's euphoria which was generated by hopes of a quick end to the conflict. The KLSE CompositeBernama; Reuter - 874 words
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Article3065 1991-01-19 10 1991 I jLst Vol IHy Nrt Cap High Ix)w Company Sale "000 High Law P/E Smil INDUSTRIALS 188 170 AISB 50* 179 -9 42 188 179 43.7 183.6 342 316 ASM 50« 330 6 467 332 324 29.5 1354.6 296 280 Ackfchcm 288 -2 65 290 286 123.8 255 2503,065 words
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Page 10 Advertisements
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Advertisement45 1991-01-19 10 pap I JANUARY MCI(P) 159/7/90 $3 I MY CRISES sex page I What it means for you I k THE RISE OF THE DEB I Should I WIN ANNE KLEIN I if* I Available at Times tfw Guardian. 7 Eleven. Newsstands and from your Newsvendor45 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2251 1991-01-19 11 Reuter TOKYO STOCKS closcd up but off their highs in a roller-coaster trade after Iraq launched a missile strike against Israel. Brokers said volume and volatility declined in the afternoon as index futures trading lost momentum and the market grew cautious aheadReuter - 2,251 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration1844 1991-01-19 11 Reuter HONGKONG share prices ended lower in volatile trade yesterday but recovered partially trom a 31-point loss on short-term profit-taking, brokers said. "The feeling in the market toward the Gulf war is pretty positive, but most investors would still rather not get involved,"Reuter - 1,844 words
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Page 11 Advertisements
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Advertisement11 1991-01-19 11 THINK! Before you make your move, read EXECUTIVE APPOINTMENTS Business Times11 words
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REGIONAL STOCK MARKETS
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Aussie shares end higher on late rally
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Article934 1991-01-19 12 AUSTRALIAN stock prices closed sharply higher on a late rally triggered by signs that damage from an Iraqi missile attack on Israel was less devastating than initially feared. The All Ordinaries Index was 29.0 points, or 2.34 per cent, higher at 1266.5 as a volatile day of trading ended.934 words
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Article704 1991-01-19 12 THAI stocks closed higher on light trading yesterday as investors appeared undaunted by spreading war in the Gulf. Late profit-taking lowered the market from early highs as several counters hit their 10 per cent limits. Brokers said trading centred on the finance and banking counters. The SET index rose704 words
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Article499 1991-01-19 12 THE PHILIPPINE share market surged further on the second day of the Gulf war yesterday, defying predictions it would tumble once Iraq launched retaliatory attacks after waves of US-led bombing. The Manila Stock Exchange composite index rose 36.80 points, or 5.8 per cent, to close at 665.79 from Thursday's499 words
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Article358 1991-01-19 12 TAIWAN share prices ended 6.7 per cent higher yesterday as investors grew more confident that the oversold market would jump once the Gulf war ended. dealers said. The weighed index rose 237.76 points, or 6.7 per cent, to finish at 3,776.08 compared with Thursday's 3,538.32 close. Turnover rose to358 words
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Article599 1991-01-19 12 JAKARTA stock prices, taking a cue from rises in other markets in the region, reversed their recent downtrend but the Gulf war subdued trading yesterday. "The gains in other Asian stock markets gave brokers confidence," one broker said. The market index rose 3.55 points to 393.19 on turnover of599 words
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Article751 1991-01-19 12 SEOUL stocks continued to shoot up on the second day of the Gulf War although a strong market opening was tempered by news Iraq had fired missiles at Israel, brokers said. The composite index closed at 667.35, gaining 25.93 points from Thursday's close. Turnover was heavy at 430.5 billion751 words
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Article149 1991-01-19 12 Reuter LEADING New Zealand shares closed off their highs on news that Iraq had attacked Israel yesterday, but the market still managed to post its largest daily rise in more than 12 months. "It was a volatile day," said Craig Greenwood of Hendry Hay Mcintosh. "There was someReuter - 149 words
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Article559 1991-01-19 12 Close Ptrviom Ju 18 SYDNEY All Ordinaries Index 1.266.5 1.237.5 +-290 All Industrials Index 1.943.0 1,884.2 ->-58 8 All Resources Index 747.0 739.2 f 7.8 Turnover (million) 286.85 53.71+233.14 BANGKOK SET Index 657 93 633.89 +24 Turnover (million baht) NA 2.200 JAKARTA Composite Index 393.19 389 64 -t-3.55 MANILA Composite559 words
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WORLD STOCK MARKETS
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Dow's biggest one-day gain since crash
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Article, Illustration931 1991-01-19 13 WALL STREET, exuberant about the possibility the Gulf War could prove a brief one, clamoured to buy shares and helped the Dow sport its biggest oneday gain since the aftermath of the 1987 stock market crash. The US Stock market scored its sec-ond-biggest gain ever, with the DowJones931 words
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Article, Illustration813 1991-01-19 13 THE FTSE 100 index opened 4.7 points down at 2,099.9 and then partially recovered to 2,103.1, down 1.5 points, by 0842 GMT. Market optimism on Thursday that the Gulf war may be short has been tempered by the realisation that it may yet be protracted following an Iraqi missile813 words
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Article334 1991-01-19 13 DUTCH shares opened lower in fairly active trading yesterday after Iraq's overnight missile attack on Israel, traders said. The CBS tendency index was off 0.7 points at 78.3. Fears of a long Gulf war if Israel became involved and an uncertain weekend ahead would make market players wind down334 words
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Article180 1991-01-19 13 BELGIAN shares opened two per cent lower in thin pre-weekend trading following renewed uncertainty over the Gulf crisis after Iraq's missile attack on Israel, dealers said. Volume totalled only 113 million francs after 15 minutes of trading. It was not likely the market would liven up as investors were180 words
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Article167 1991-01-19 13 FRENCH share prices opened modestly lower on fears the Iraqi missile attack on Israel implies the Gulf war may be longer and more bloody that previously thought, traders said. The CAC-40 index started at 1,547.18, down 13.29 points from Thursday's close. The index soon trimmed its losses, standing at167 words
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Article290 1991-01-19 13 GERMAN share prices dropped 1.3 per cent at the opening in a fairly quiet initial response to the renewed uncertainty in the Gulf triggered by Iraq's retaliatory missile attack against Israel. Dealers said Iraq's move had dampened the euphoria which followed apparent success for the US and its allies290 words
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Article398 1991-01-19 13 JOHANNESBURG gold share prices came under severe pressure on Thursday in an otherwise generally firm but nervous market, dealers said. This followed the apparently successful US-led air attack on Iraq, which prompted a dramatic plunge in world bullion prices to under US$3BO an ounce from above US$4OO. A sharp398 words
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Article238 1991-01-19 13 A SUCCESSFUL start by UN forces to what the market hopes will be a short Gulf war sent Toronto shares up 1.2 per cent in heavy trade on Thursday, dealers said. "I think the market is now assuming the war is over," portfolio strategist Lyle Stein of Nesbitt Thomson238 words
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Article282 1991-01-19 13 Reuter SWISS share prices opened lower as uncertainty returned to the market after Iraq launched a Scud missile attack on Israel and Saudi Arabia last night, dealers said. "Volume is as low as it used to be before yesterday and investors again stayed on the sidelines because of theReuter - 282 words
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Article189 1991-01-19 13 ITALIAN share prices slipped back at the start of trading on news of Iraq's missile attack against Israel and on a growing realisation the Gulf war may not end so quickly, brokers said. On Thursday, the MIB all-share index closed 4.8 per cent higher at 1,006 after the lack189 words
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Article130 1991-01-19 13 Jan 17 Close Previews NEW YORK Dow Jones 2.623 51 2.508.91 f 114.6 NYSE Financial ***** 116 74 +3.92 SAP 500 327.97 316.17+1180 Turnover (million) 318.9 134.6 +184.3 LONDON Financial Times 30 1,649.6 1.606.3 43.3 FTSF. 100 2.104.6 2.054.2 49 9 Turnover (million) 561.6 261.1 300.5 AMSTERDAM CBS Tendency Index130 words
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CURRENCY, MONEY & FUTURES MARKETS
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1279 1991-01-19 14 REPORTS IRAQI rocket attacks against targets in Israel and Saudi Arabia added a new element of uncertainty to Europe's currency market, but dealers remained fairly optimistic the Gulf conflict would not last too long. Gold, oil and the US dollar all jerked upwards1,279 words
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Article404 1991-01-19 14 Cross rates Jan 18 US$ SS MS Dm Yen SFr AS NZS USS 1.7460 2.7270 1.5170 134 00 0.5193 1.2720 1.2763 ***** SS 0.5727 1.5619 0.8688 0.7675 0.2974 0.7285 0.7310 0.9626 MS 0.3667 64.03 0.5563 ***** 0.1904 0 4664 0.4680 0.6163 Dm 0.6592 I 1510 1.7976 88.33404 words
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Article565 1991-01-19 14 Interbank rates SS Bid ()ffer Overnight 4 4 1/8 1-month 4 3/8 4 1/2 2-month 4 7/16 4 9/16 3-month 4 1/2 4 5'8 Overnight mode: 4-1/8 (S$ Hid Offer 7 days 7 1/16 7 3/16 1 month 7 5/16 7 7/16 2 months 7 5/16 7 7/16565 words
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489 1991-01-19 14 Reuter STERLING will rise towards 2.97 marks over the next few weeks, but in the short term it is overbought and will probably retrace to about 2.92, technical analysts said. "We have seen a fairly impressive run-up from the lows atReuter - 489 words
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Article1149 1991-01-19 14 SIMEX EUWOOOt-LAK Open High Low Sett Est Vol Op/lnt Vol Mar 91 92.68 92.69 92.57 92.65 ***** ***** ***** Jun 91 92.79 92.81 92.70 92.77 5360 ***** ***** Sep 91 92.72 92.73 92.65 92.71 644 4285 3046 Dec 91 92.40 92.43 92.40 92.42 92 3491 126 Mar 921,149 words
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Page 14 Advertisements
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Advertisement5 1991-01-19 14 Management: in BT every Monday5 words
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COMMODITIES
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386 1991-01-19 15 Reuter WHILE a modest surplus remains in the world sugar market compared with the constructive outlook a year ago, the excess stocks cannot be considered burdensome, London trade house Czarnikow said in its latest monthly report. On the consumption side, it is difficult toReuter - 386 words
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303 1991-01-19 15 Reuter IN DON ESI AN coffee exports will rise 5 per cent in 1990/91 from 396,750 tonnes the previous year, chairman of the Association of Indonesia Coffee Exporters Dharyono Kertosastro said. "We are confident that we can increase export volume by 5 perReuter - 303 words
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867 1991-01-19 15 REPORTS HONGKONG: Late speculative and stop-loss selling pulled gold off its day's high to end at U*****.50/ U*****.50 an ounce against its U*****.00/U*****.00 open here but it still firmed from New York's U*****.60/U*****.90 close on Thursday. Dealers said news of the867 words
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Article1460 1991-01-19 15 Rubber jams MS (fob baks) X eenis/kg Noon Close hit I RSS Prompt 151 50/I52.50N 151 00/1 52 .OON Inl I KSS l-cb 91 I52.54VI5.VIX) 152.00/152.50 Inl I KSS Mar 153 50/154 00 153 00/153 50 lot 2 RSS <»!» 14') (XV151 .OON 148.50/150 50N lot 3 RSS OP1,460 words
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Page 15 Advertisements
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Advertisement6 1991-01-19 15 Innovation Technology in BT every Tuesday6 words
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Advertisement428 1991-01-19 15 NOTICES j NOTICE j I NOTICE IS HEREBY GIVEN th*. I KHOO 800 I LAM of Blk 427 #03-636 Bedok North Rd. Sirv I gepore 1646, have applied tors Public house, first I class licence in reepect of premises at M/s Mel Le I Ling Karaoke Lounge at 262 Oeylang428 words
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Advertisement580 1991-01-19 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF R.G. WATCH 4 PHOTO PTE. LTD. (Incorporated in the Republic ot Singapore) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members o» R.G. WATCH S PHOTO PTE. LTD. duly convened and held580 words
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363 1991-01-19 16 Suzanne Soli Elaine Koh - By Suzanne Soli Elaine Koh WITH the continued softening of the property market this year, which may be exacerbated should the Gulf War be prolonged, Yamasin Enterprise said its $550-million bid for the Thai Embassy site may be reduced by363 words
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282 1991-01-19 16 IN SPITE OF the general slowdown in demand for luxury goods, the newly opened Palais Renaissance will continue to pitch at the designer label consumer market, said its owner Yamasin Enterprise. Some $300,000 will be spent on advertising and promotions (A&P) to attract shoppers to282 words
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Article, Illustration65 1991-01-19 16 CREWMEN of the battleship USS Wisconsin crowding the deck to watch the night-time launching of Tomahawk Cruise missiles on Tuesday. Up to 100 of these unmanned sea-launched missiles were fired from the ship and aimed at pre-selected and heavily defended targets such as Iraqi runways, command centres,65 words
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Article195 1991-01-19 16 OIL MARKETS in the Far East remained weak yesterday as hopes of little disruption to worldwide oil supplies stayed high. After a brief rally which followed the news of Iraq's attack on Israel, prices fell with crude oil suffering one of the most severe195 words
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320 1991-01-19 16 ASIAN stockmarkets recovered yesterday after losing ground in early trading following Iraqi missile attacks on Israel. Dealers said the markets rebounded in the afternoon when Israel did not retaliate and the US-led multinational force continued to bomb Baghdad. The Tokyo stockmarket was an320 words
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226 1991-01-19 16 IRAQI missile attacks against Israel yesterday added a new element of uncertainty to world currency markets. But although the US dollar and gold moved upwards on the first news of these attacks, the gains were limited. In Tokyo yesterday, the US dollar closed more226 words
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264 1991-01-19 16 WEE CHO YAW, chairman of the United Overseas Bank Group, admitted to being a little surprised when told that he had won the 1990 Businessman of the Year (BOY) Award. "I did not think 1990 was a particularly exciting year for me or for264 words
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Article, Illustration289 1991-01-19 16 WINNING the 1990 Enterprise Award could not have come at a better time for Ses-daq-listed, upmarket watch retailer The Hour Glass, as it plans to move to the main board this year. The promotion to the main board, revealed by its managing director, Mrs289 words
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Article, Illustration279 1991-01-19 16 AS THE first recipient of the Outstanding Manager Award, the judges felt that Mr Robert Kwan was deserving, for his entrepreneurship and management which has made McDonald's a truly success story in Singapore. Not only does Mr Kwan meet the criteria of being below 45279 words
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Page 16 Advertisements
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Advertisement6 1991-01-19 16 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement43 1991-01-19 16 CHARTPOINT Every Saturday in Business Times v V j i iimw<-) J^HH^£|^^|P^C2kSSB^»9K«»BlPVl^^^P^9PV^^^^^^| yIJ J■■ rI If J/T rA^^H /f you're an expert in your field you'll know that we're the expert in ours. m hf\ THE BEST ILUECALL: *****22 FOR ENQUIRIES. FAX: *****6543 words
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Executive Lifestyle
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Article, Illustration1176 1991-01-19 17 Harish Mehta - Harish Mehta N O BOOZE for blacks. Biscuits for dinner. Do not ask for another tomato juice. These are some of the unwritten rules that some airlines sometimes unleash on some passengers. And have you ever heard of an airline buying back tickets from passengers in1,176 words
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STRAWS IN THE WIND
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Article76 1991-01-19 17 OIL companies in Singapore don't have just the Gulf war to worry about, there's also the gift war. The introduction of unleaded petrol has given the oil companies a new battleground in the fierce fight for market share. But at least one oil executive has kept his sense76 words
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Article53 1991-01-19 17 AMIDST the numerous reports filed from all over the world about the Gulf War came this enlightening bit about Scud missiles: "Scud missiles arc like flying dustbins. If they hit you on the head, it is very nasty, but otherwise it is a lot of rubbish." Not exactly53 words
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Article84 1991-01-19 17 THE movie Memphis Belle may suffer from an identity problem (a Mr Memphis Belle having been listed on a hotel's lobby announcement board), but American actor Sean Astin (on the cast of the David Puttnam-produced film) was the victim of mistaken identity. A reader pointed out that in84 words
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OPINIONS
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792 1991-01-19 18 Claire Leow - Why our heritage may be worth less than 12,000 Claire Leow puts forth a case for 'interfering' with market forces for the sake of our national heritage and says the last dragon kiln in Singapore should remain with the Chua family, where it has been for decades Claire Leow The792 words
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546 1991-01-19 18 Raqjit Gill - LETTERS TO THE EDITOR Raqjit Gill I WELCOME the government's intention to tackle head-on the problems of our ageing population and would like to advance suggestions that touch on the state's joint responsibility, the composition of the proposed high-level body, and a546 words
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206 1991-01-19 18 James J Gelpi - James J Gelpi FURTHER TO Dr Melanie Chew's article in the Opinions page. (BT, Jan 12-13), I feel she does the government of Kuwait an injustice by referring to it as an "autocratic tyranny"; a term not unlike Mr Nixon's "dictator", which206 words
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368 1991-01-19 18 Amarjit Singh - Amarjit Singh I READ with interest and concern David Gabriel's article "The Jekylls and Hydes on our roads" (BT, Jan 9), about the level of violence committed on our roads by motorists who undergo a violent personality change after being inflicted by what they368 words
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272 1991-01-19 18 Janet Tay Swee Lian (Miss - Janet Tay Swee Lian (Miss) President MSI) Consultants Private Limited PLEASE REFER to the letter "MSD has unfair advantages" by Dr Michael Loh (BT, Jan 12-13). We welcome this opportunity to clarify the role and objectives of MSD Consultants Private Ltd. MSD was originally the272 words
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Article88 1991-01-19 18 D W Distant - D W Distant COULD the publishers of the Singapore Phone Book please update the section on "Singapore Postal Codes for Building Shopping Complexes/Centres etc"? The latest edition still lists previously familiar sights like "Mercantile Bank Bldg. 21 Raffles Place" which was reduced to rubble long before88 words
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Article, Illustration1654 1991-01-19 18 Melanie Chew - Violence will be the victor in the Gulf, argues Melanie Chew Melanie Chew •Dr Melanie Cheh is a military historian 1N the dark skies of Jan 17, warfare entered the 21st century. One hundred Cruise missiles, designed and perfected for superpower conflict in Europe, streaked1,654 words
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SPORTS
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Article, Illustration826 1991-01-19 19 Australian Open Agcncies LOVE is part of the vocabulary of tennis, but all the talk at the Australian Open is about war. American Brad Gilbert and his wife worry about her brother, an Army helicopter pilot in the Gulf. Ivan Lendl and hisAgcncies - 826 words
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SIDE LINES
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81 1991-01-19 19 FRENCH FULL-BACK Serge Blanco, who wins a world record-breaking 82nd cap against Scotland today, is confident of France's chances in the Five Nations Championship. "The main point is we are starting at home and there's a world of difference between playing Scotland at Murrayfield and81 words
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Article92 1991-01-19 19 WAR IN the Gulf has dampened the mood in American sports but has not, as yet, prompted officials to either postpone or cancel any major sporting events. Only a scheduled college basketball game between the University of North Carolina and North Carolina State was92 words
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Article96 1991-01-19 19 ENGLISH LEAGUE front runners Liverpool and Arsenal await with trepidation the after-effects of the midweek inter-league match in today's First Division clashes. While the only injury to come out of Wednesday's 3-0 defeat was to pride, Liverpool's preparations for their home match with Wimbledon and Arsenal's96 words
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Article77 1991-01-19 19 TOTTENHAM HOTSPUR manager Terry Venables emphasised his determination on Thursday to hold on to England stars Paul Gascoigne and Gary Lineker. Nat Solomon, the new chairman of the club's parent company, refused on Wednesday to rule out selling the pair to help clear debts of77 words
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Article67 1991-01-19 19 BO JACKSON, who was named the Most Valuable Player in US Major League Baseball's All-Star game and has been selected to play in his first NFL Pro Bowl, will not play for the Los Angeles Raiders in tomorrow's American Football Conference championship game because67 words
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Article68 1991-01-19 19 ALEX "HURRICANE" Higgins has claimed that he is facing financial ruin through his one-year ban from professional snooker. The 41-year-old Irishman was given a controversial invitation to the £1 million World Masters, currently taking place at Birmingham's National Exhibition Centre. Higgins, who originally accepted his wild68 words
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Article, Illustration599 1991-01-19 19 Reuter COMING DOWN the pool arc two swimmers. One appears to be wearing a fish tail the other is a world champion swimming freestyle, the fastest known stroke. The fish is winning. An average swimmer using a flat fibreglass foot fin toReuter - 599 words
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Article217 1991-01-19 19 AP ARI VATANEN of Finland who finished the final stage nearly three minutes ahead of Kenneth Erieksson of Sweden on Thursday, won the 9.1867-km Paris-to-Dakar Rally in an unprecedented fourth victory in the gruelling auto endurance race. Vatancn, who in his Citroen ZX led byAP - 217 words
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Article, Illustration393 1991-01-19 19 AP BEN JOHNSON, banished from track in one of the most infamous moments in sports history, already is stirring controversy in his return. Johnson, banned from the sport and stripped of his gold medal after testing positive for steroids at the 1988 Olympics, was to runAP - 393 words
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EPICURE
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Article, Illustration743 1991-01-19 20 Quek Swee Peng - Quek Swee Peng discovers yet another Italian hideout transformed from the restored terraces of Tanjong Pagar to ciao down Quek Swee Peng THE FIRST SIGHT of Pasta Brava was indeed memorable. Walking along the rainwashed side-road, past a traditional Chinese temple, we spied the restaurant's cheeryPunch - 743 words
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LIFESTYLE I
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Article, Illustration604 1991-01-19 21 S N Vasuki - If you are expecting a simple ending and pat answers to the film Reversal of Fortune, you may be disappointed, says S N Vasuki S N Vasuki ON March 16, 1982, in one of the most celebrated and highly publicised court cases in America,604 words
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Article, Illustration439 1991-01-19 21 Sybil Holloway - BRIDGE By Sybil Holloway THE N/S pair had no trouble bidding to 7 S on today's deal but the declarer unfortunately failed to find the right play to make the grand slam. West led the H J. dummy's ace winning. With trumps divided 2-2. it would be439 words
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Article, Illustration815 1991-01-19 21 N K Yong - It's such a waste to confine champagne to special occasions, laments N K Vong N K Yong THE NOTION that champagnc should only be drunk on very special occasions, particularly celebratory ones, dies hard. The thought of drinking it on any occasion when815 words
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Article, Illustration1050 1991-01-19 22 Catherine Ong - The Hongkong Fringe Club is about preserving the basic values of art art with a real soul, art that forms part of the common-man culture, says its director, Singapore-born Benny Chia, in an interview with Catherine Ong Catherine Ong SINGAPORE-born Benny Chia is1,050 words
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Article, Illustration635 1991-01-19 22 Andrea Borch - To Bill Yim, ugly people do not exist. Andrea Borch speaks to the caricaturist who believes that when you smile, you are happy, and when you are happy, you are beautiful Andrea Borch BILL YIM occasionally receives strange requests when he works. A caricaturist635 words
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Article, Illustration581 1991-01-19 22 RINGO LIEW - CO Review By RINGO LIEW MATT BIANCO: The Best of Matt Bianco SLAP a dash of supple rhythms, a tinge of wide-eyed pop and a dose of persistent percussion onto a wicked Latin beat and the result is a smooth concoction called Matt Bianco. Arising from581 words
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PURSUITS
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Article, Illustration517 1991-01-19 23 Victor Savage; John Tan - Three men turned their passion for flying into a business venture. John Tan talks to the trio, while Victor Savage reviews the book that documents the first international air race they organised the Paris-Langkawi Air Race 1990 Victor Savage John Tan ONCE upon a time,517 words
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Article, Illustration820 1991-01-19 23 Malaysia International Air Race 1990, Paris-Langkawi Paris By Bernard I .amy Anne Turner Paris: Denoel, 1990 192 pages. $69. THIS coffee-table book of the 1990 Malaysia International Air Race is a detailed account of "those magnificent men in their flying machines". Laced liberally820 words
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Article, Illustration973 1991-01-19 23 With luck, your flight will take off on time, the meal will go down easy and you and your luggage will land together. But an unfrazzled trip doesn't have to be a matter of chance. Here is a tactics guide you can take with you onUS News and World Report - 973 words
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Article, Illustration278 1991-01-19 23 Harish Mehta - Harish Mehta flies to the defence of air hostesses Harish Mehta SOMETHING must be said in dcfcncc of air hostesses those gallant young women who are usually unfairly blamed by passengers. These brave young women who have to put up with passengers' whims do so278 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration814 1991-01-19 24 Quak Hiang Whai - There's nothing like concentrating on the fundamentals, especially in such uncertain times, analysts and investment advisers tell Quak Hiang Whai Quak Hiang Whai THE Gulf war has only just begun. Uncertainty still abounds and it is safer to stick to companies with strong fundamentals rather than814 words
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DON'T QUOTE ME!
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88 1991-01-19 24 THE GULF WAR has given a new lease of life to stockbrokers and analysts. Analysts had all but resigned themselves to dusting old stock recommendations after five months of churning reports that nobody wants to read. Now that the war has started, the88 words
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Article77 1991-01-19 24 THE GULF CRISIS took so long to unravel that when war actually came, the financial markets reacted just the opposite of what most experts had predicted. After an initial spurt, oil prices plunged, as did the US$ and gold, the traditional safe havens. Instead, stocks, which most expected77 words
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Article70 1991-01-19 24 THE IRONY was repeated in New York. Market officials had prepared for the worst. But it was good news, rather than bad, that tripped market circuit breakers on Thursday. A circuit breaker limiting some forms of program trading kicked in on the New York Stock Exchange, as70 words
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564 1991-01-19 24 S N Vasuki - By S N Vasuki WITHIN hours of the US-led multinational forces' bomb blitz on Iraqi installations, the earliest casualties of the war were gold and the US dollar. In markets around the world, the metal and the greenback retreated in hectic trading as investors564 words
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Article, Illustration518 1991-01-19 24 Najeeb Jarhom - CHART By Najeeb Jarhom Najeeh Jarhom is research manager of Fraser Roach Co Pte Ltd THERE IS always an explanation for investor psychology at any one time and it is no different now that a powerful equities market rally worldwide has accompanied the outbreakSource: Fraser Roach A Co Pte Ltd - 518 words
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Article, Illustration712 1991-01-19 25 Alan Gersten - If you take the long view, recession and unemployment need not bother you. Afterall, stocks have always outperformed other investments, says financial author Gary L Klott. Alan Gersten reports Alan Gersten UPI Although the United States has fallen into recession, unemployment is risingUPI - 712 words
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734 1991-01-19 25 Alan Street - Principle of equitable contribution TAKING rnucp W Mm 1% By Alan Street A FEATURE common to all types of insurance is the need for new applications to be underwritten. With life insurance, this means an assessment of the state of health of the734 words
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JOBS
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Article, Illustration1093 1991-01-19 26 Harish Mehta - Elderly executives here are by no means a spent force. Harish Mehta argues that they can give themselves a new lease of life, without straining too much Harish Mehta Grey power in Singapore is not a pushover. Grey is savvy, a bit reluctant to work,1,093 words
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Article, Illustration443 1991-01-19 26 Mr Agustin Serrano has been appointed General Manager of Melia At Scotts Hotel, Singapore. He has been in the hotel trade for over 22 years and has been attached with the group since 1976. Prior to this he was the Area Manager of Grupo Sol in Costa Blanca,443 words
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682 1991-01-19 26 Many in Manpower Japan Co said to have resigned over a major restructuring Manpower Japan Co has a manpower problem. A number of branch managers have recently quit. Anthony F J Finnerty, president for 24 years, resigned recently. And the company that pioneered682 words
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THE TRAVEL PAGE
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Article1093 1991-01-19 27 City Flight ETA Flight ETD Adaiaida SQ228 1910 QF82 2115 QF81 2010 Amman RJ83 0350 Amsterdam SQ23 1345 KL838 2150 KL837 1505 SQ24 2215 Athau* 0A471 0015 Auckland NZ21 1720 N222 1830 SQ338 2030 BA12 2155 Bahrain GF148 0915 Bandar Sari BI421 1105 SQ182 0915 Bagswan1,093 words
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Article, Illustration705 1991-01-19 27 Aaron Latham - LETTER FROM CAYMANS By Aaron Latham WHILE visiting the Cayman Islands recently, my 12-year-old daughter, Taylor, and I went scuba diving with sharks, barracudas and stingrays. We also dived with gentle angels and fairies, swam with parrots, porcupines, butterflies, hogs, dogs, tigers, squirrels, goats and705 words
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Article150 1991-01-19 27 As at 3pm yesterday: l4cal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3580 1.3780 Canadian dollar 1.4890 1.5090 NZ dollar 1.0250 1.0650 Sterling pound 3.3400 3.3700 US dollar 1.7390 1.7490 lixal dollars to 100 units of foreign cwTtwcy Austrian schilling 16.00 17.00150 words
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Article73 1991-01-19 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Tel Jan 19-27 International Germany Stuttgarter (46)711/2589-0 International Netherlands JConinklije (31)30^*****1 Exhibition For Messe Und BuildǤ ft Neoenanase Caravaning. Kongrcss Construction Jaart>eurs Motoring. Tourism Exhibition Jan 21-24 Middle East Manama. Arabian Exhibition 973/*****3 Feb 7-12 International Valencia. Fena73 words
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TIME OFF
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Article219 1991-01-19 28 SSO Regular Concert Conductor. Choo Hoey, Soloist: Mayumi Fujikawa, violin. Programme: Mozart The Magic Flute Overture, Beethoven Violin Concerto in D op 6, Prokofiev Symphony No 6 op 11. Victoria Concert Hall, Jan 25 26 at 8.15pm Mad Forest Based on Caryl Churchill's play about the reactions of ordinary219 words
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Article, Illustration262 1991-01-19 28 Asian Watercelours THIRTEEN artists from three Asian countries Malaysia, Singapore and Thailand will display 40 original works on watercolour, including collage and relief works. The aim of the exhibition is to show "differences and commonness" through watercolour as an art medium as created by Asian artists. Art Base Gallery.262 words
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Article, Illustration623 1991-01-19 28 Reversal Of Fortune. Whether it is a case of husband-kills-wife-to-get-rich, we won't know as this movie is based on a true-life story of an heiress. Glenn Close and Jeremy Irons give stirring performances in this widelyacclaimed thriller (See review, EL 5). Jade 1:11; 1.30,4; 6 .30; 9. Darkman. This623 words
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Page 17 Advertisements
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Advertisement143 1991-01-19 17 iiosq On Page 7: Sanity-saving tactics Gallant women of the air "I WANT YOU TO RIDE FOR ME AT ROYAL ASCOT." Mi -HKV j ft m w** v a JSI k l^Bft kvl 11 ml 9BV?^' W 1 hbbi^f HI jII V^ I /IF A i**®rft f^/3 OMEGA. The watch143 words
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Page 18 Advertisements
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Advertisement26 1991-01-19 18 BT welcomes letters from you. Address them to: The Editor, Business Times, Times House, 390 Kim Seng Road, Spore 0923. Letters should include your contact numbers.26 words
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Page 19 Miscellaneous
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Miscellaneous22 1991-01-19 19 DOONESBURY by garry trudeau Wm (jiVl MY mM UP VI on >QUJHO^f A aSom^ e >l ywwcwJ mQim m J HHH EE^H22 words
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Page 20 Advertisements
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Advertisement214 1991-01-19 20 WHfRf TO WIRE. Pint MID anaTMM WHEBE TO WINE. PINE «HD EHTEBTAIH WHERt TO WINE. DINE Some like it hot. j > p I Spit v S/echuan dishes served at lunch and dinner dailv I in the tool, inviting atmosphere of S/echuan Court. j Reservation. 330 8310 or 338 8583214 words
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Advertisement247 1991-01-19 20 Hyatt Regency© Singapore 10-12 Scolts Rood Singapore 0922 Tel *****88 Telex PS ***** Telefax *****96 HIGH TEA Vl ith a tempting amy of S2 ilishey you'll he spoilt for choice il one erf the longest high tea buffct> in town' $12.50+ Adult $9.00 Child (under 10) }pm 6pm daily 0247 words
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Advertisement321 1991-01-19 20 a! Have Poolside "BBQ Buffet" Under the Stars! Now, besides our weekend steamboat buffet is the neu "all-you-can-eat" Barbeque T ?,tr* Buffet. BBQ Buffet* {^PW^EcLAdult: $17-00++ Child: $11.00++ Available only on fine urather Steamboat Buffet* 1 Adult: $14.50++ Child: $10.00++ So head for Sky Garden Poolside where you get more321 words
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Advertisement232 1991-01-19 20 IF®®© IFMi Lunch (11 30am 2 00pm) Dinner (6 30pm -10 00pm) $14.50 adult $10.00" child All time Chinese. Malay and Indian favourites assembled for your dinmg delight. Spicy HiQh TM.' Sambal Ikan, savoury Hokien Mee. fragrant S3.oo** Lamb Curry, relish the authentic tastes. And cool refreshing traditional desserts 3pm232 words
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Page 21 Advertisements
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Advertisement303 1991-01-19 21 AND ENTERTAIN I Brunch Is A Family Affair Every Sunday. I SUNDAY I BRUNCH: I II AM TO 2.3CPM. I MB am/If T¥B adults I hA 9m IS3i.oc I jam K children I -T*B r sw OO I Every Sunday, Hubertus Grill becomes I the venue for a great Sunday303 words
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Page 24 Advertisements
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Advertisement114 1991-01-19 24 #T>AMPLETE VVVERAGE... You can use S&P Com Stock to run a variety of analytical software, access key news and financial information services. S&P Com Stock can provide you with everything you nee d to react to market quickly, accurately and effectively. The S&P Com Stock digital data feed fuels anything114 words
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Page 25 Advertisements
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Advertisement731 1991-01-19 25 GOOD FORTUNE PROSPERITY D^T^ nm SE»I HONG LEONG FINANCE SINGAPORE FINANCE HOME ONE OR MORE OF MORE FREE GIFTS 4*oB ITEMS fgfg b i s 'MA "uiirta mths phftipsgiftTtt.ms• jVJ/1 Better More Prizes In Our Grand Lucky Draw ySl.ua) SSIOTB I «tre I «pr '"^^Tl^ii SS2.«» |ra lAr Mxo Wtpjhd/w731 words
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Page 26 Advertisements
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Advertisement71 1991-01-19 26 TELEPHONE: 730-59)7/5902/5942 FAX 7)4 498, A Commodity Trading Company seeks a Vietnamese English speaking Executive to be stationed part-time in Vietnam and Singapore. Interested candidates should preferably be 30 45 years of age with knowledge of general commodity trading The person must be able to represent an international company at71 words
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Advertisement153 1991-01-19 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,OCX) communities in productivity and distribuHillblom and Lind who153 words
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Advertisement102 1991-01-19 26 FOR WHO, WHAT, WHERE AHD WHEH IN THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends in102 words
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Page 27 Advertisements
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Advertisement6 1991-01-19 27 Managers must manage, BT every Monday6 words
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Advertisement41 1991-01-19 27 > I rsr| WAVE 2 >*>JSRAsL I !>....» #> HIT 2 CTTIES I ARABJA HIT I Q WAR UPDATE: GRAPHICS jf H SURRENDERrSADOAM^^B^J TOBAYs The battle CONTINUES... keep in touch with the latest The latest news and much more. From lunch-time. Monday to Saturday.41 words
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Page 27 Miscellaneous
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Miscellaneous276 1991-01-19 27 8 On what occasion this enough for a drinker?(4) I 1 11 Hardly a good read bad at first worse, perhaps, 12 It gives volume con--13 These army jumpers IB 15 Hotspur's leaders score 1 15 1 16 I j lB j a cry from ||j jIMI 17 Conceal her276 words
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Miscellaneous169 1991-01-19 27 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 22/16 Fair Bangkok 32/21 Fair Beijing 06/-6 Sunny Brunei 32/24 Fair Hongkong 20/16 Cloudy Jakarta 30/24 Rain Kuala Lumpur 32/23 Showers Manila 31/23 Fair Melbourne 24/19 Cloudy Perth 23/17 Cloudy Seoul 00/-5 Fair Sydney 23/19 Cloudy Taipei 18/14 Windy Tokyo H/02 Cloudy Wellington 23/17169 words
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Miscellaneous56 1991-01-19 27 hi«kiJCTJ>?!W!ISWIEI swe. loomed 1... if shc is kll Dfcessejp OP uike./s J NlGu) HfNR STYl£,...liTrlJ& V 0 5 OtNNeR THCfcC ft (T CRrne UP IH THE &I P\ C K DRESS.- ISOPCT TODP»V. UJtfrt S* RCG»*RU> OP P€PRLS.. DRENCHED/ "\r cuesTeß-Peßßy's y VJN PcRFUMe.---^ V secßewyy Z /oU,A (Ma e56 words
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Page 28 Miscellaneous
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Miscellaneous1342 1991-01-19 28 TODAY'S TV ■■■■HHPMMPRPMHHBHI ■MPMMPPHi 4RUM m 10.30 Celgate Children's CM. JBm 1 11.00 Timm Nwt ■■MyilSflHi r TV Education. J 12.00 PMNews(M) Igauan Hidup, 3.25pm, SBC 5 la Business Report, 12.15 aids Nm. 8.30pm, SBC 12 J| 1.00 Rampei Kenyalang. Story about a wealthy bust- SkWE #t jiK -A >1,342 words
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Miscellaneous551 1991-01-19 28 Psycho 11, Mon, 135p, TY2 This 1979 Russian film won Norman Bates is judged sane an Oscar for the Best Foreign and released after 22 years in Film in 1981. It follows the a mental hospital. He returns lives of three young Russian to the motel, to the shower, women551 words
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