The Business Times, 26 January 1991

Total Pages: 28
1 28 The Business Times
  • 11 1 Business Times MCI (P) 16/12/90 Weekend Edition, January 26-27 1991 75*
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  • NEWS & MARKETS SUMMARY
    • 52 1 A RALLY on Wall Street appeared to be heading well into its third straight day at the start of trading yesterday. The Dow Jones average of 30 leading industrials, which posted a 24.01-point gain on Thursday, was up 3.22 points five minutes after the opening bell, to stand
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    • 45 1 LONDON share prices were higher at midday yesterday, pushed up by a move by some investors to do some buying before the end of a two-week trading period. At 1215 GMT, the Financial Times-Stock Exchange 100-share index was up four points at 2,103.3.
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    • 47 1 HONGKONG'S leading banks decided yesterday to cut their prime lending rate by 0.5 percentage point to 9.5 percent. From Monday, interest paid on savings accounts and all deposits will also be lowered by half a percentage point across the board.
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    • 38 1 JAPAN is planning to revise its Foreign Exchange Law to help promote direct investment from overseas. The revision will focus on purchases of company shares for the purpose of capital participation.
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    • 29 1 EFFORTS by the EC to create a more unified stock market are snarled up in rivalries among the bloc's main financial centres Page 6
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    • 38 1 THE GULF WAR, once it is over, could strain AmericanAsian ties as Asian nations reap the benefits of a conflict whose brunt was borne by the US, says a Hongkong publication Page 7
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    • Article, Illustration
      29 1 Friday Change BT-MGA 601.12 +12.0 Kuala Lumpur ....483.44 4.0 Hongkong 3,206.36 +65.86 Tokvo 23,573.25 +304.24 Sydney 1,295.6 +27.1 Thursday (hange New York 2,643.07 +24.01 London 2,099.3 +18.8
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    • 20 1 Exchange rates USS SS 1.7260 Yen SS 1.3036 MS SS0.6384 Money market rates Overnight 5-1/2 +3/4 3-month 4-13/16% +1/16
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    • 36 1 London Gold AM fix US$373.80 -US$3.25 Rubber S'pore Feb 145.25'/kg -1.75 M'sia Feb 231 50«/kg -1.50 KL Tin Turnover 42tonnes+3 Spot MS 15.01/kg -0.05 Crudo palm oil Turnover 283 lots -591 Feb MS852 /tonne -23
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  • 677 1 Damage inflicted on Saddam's elite guard: pilots THE (GfIJLF Mi Agencies ALLIED WARPLANES intensified the bombing of Iraqi positions yesterday and pilots said they had inflicted heavy damage on President Saddam Hussein's elite Republican Guards. American pilots said the relentless attacks were
    Agencies  -  677 words
  • 148 1 THE SAUDI PILOT who shot down two Iraqi warplanes in a dogfight inside Saudi airspace was a star on American TV yesterday but an unsung hero in his own country. Captain Ayedh Al-Sham-rani (surrounded by reporters in above picture) made guest appearances
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  • 226 1 ASIAN share prices yesterday finished the week strongly as investors continued to snap up low-priced stocks in the absence of major new developments in the Persian Gulf. Strong overseas buying was reported on several regional markets, following an overnight rise on Wall Street. Only South
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  • 196 1 Reuter THE AMERICAN economy i shrank at a 2.1 per cent annual rate between October and December last year as recession took hold, the US Commerce Department reported yesterday. It was the sharpest quarterly contraction of gross national product (GNP) since the third
    Reuter  -  196 words
  • 354 1  -  By Suzanne Soh THE AIRLINES of Singapore and Indonesia stand to gain most from the double taxation agreement signed by the two countries last May and which came into force yesterday. From Jan I, 1992, Singapore Airlines and other Singaporean carriers will no
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  • Page 1 Advertisements
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  • HOME NEWS
    • NEWS ROUNDUP
      • 94 2 THE MINISTRY OF LABOUR has stepped up raids to check on illegal employment of foreign workers since the new Employment of Foreign Workers Act came into force on Jan 1. More than 80 foreign workers without work permits from over 20 establishments were arrested
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      • 48 2 PRIME MINISTER Goh Chok Tong will be making a short working visit to Johor on Feb 4 to see the progress of work on the Linggui Dam. The Prime Minister will leave for Johor in the morning and return in the afternoon.
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      • 70 2 SINGAPORE will be linked to a seventh Indonesian city when Garuda Indonesia commences its thrice weekly service between Surabaya and Singapore on Monday. This will also bring to 60 the number of weekly services Garuda is operating to Singapore, said the Civil Aviation Authority of Singapore.
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      • 98 2 PIONEER, the SAFs monthly magazine which celebrated its 21st anniversary yesterday, has grown with the SAF to what it is today, said Lt-Gen Winston W L Choo, chief of Defence Force. Speaking at the launch of the new-look Pioneer yesterday at the Mindef building at Gombak,
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      • 76 2 IN THE STORY "KMP moves into corporate limelight" published by BT yesterday, it was reported that the president of the Salim Group, Anthony Salim, is a Singaporean. The BT story was based on information obtained from the Registry of Companies and Businesses. It has now been clarified
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    • 461 2  -  By Anna Teo COMPARED with department stores in the US, Singapore retailers are more productive in terms of manpower and space, but less in terms of inventory, says an industry comparative study. Findings released yesterday by the Centre for Interfirm Comparison show that the sales
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    • 139 2 TWO BUNGALOW PLOTS in the exclusive area of Caldecott Hill were sold at an auction yesterday for $2.54 million, despite the Gulf War raging. Jones Lang Wootton's Martha Ong said yesterday that she was surprised at the result of the auction, which garnered nearly $4
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    • 235 2 WORKERS in the local garment industry are less productive than their Hongkong and Japanese counterparts. And in terms of labour cost competitiveness, Singapore rates better than HK but lower than Japan. A survey of 35 local garment companies' 1989 performance shows that their average
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    • 221 2 SHELL has raised its retirement age from 55 to 60, a move that will benefit 26 of its employees who turn 55 this year. The company yesterday signed a new collective agreement with its trade union, the Singapore Shell Employees' Union, that incorporates the
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  • SHIPS IN PORT
    • 573 2 Veud Voy No Berth Arrival Depart* e Vend Voy No B«rth Anwd Departs Keppei Wharves A i-Mohammed 4 K29 alongside 2701/0800 Biskra 1/91 K30 atongside 2601/0230 C Express OlB/91 K33 alongside 26 01/1500 Fittoma 3 K34 atongside 30.01/1200 Kota Pusaka E 882 K31 atongside 29.01/0600 Kota Ratna
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    • 1223 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From Aka Bhum 459N 27/0645 2 25/1/00 26/0659 26/0900 3 26/0/00 26/1159 26/1400 AJh Fortune ***** 28/1000 2 25/1/00 26/0659 26/0900 3 26/0/00 26/1159 26/1400 4 26/J200 26/1459 26/1/00 As
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  • COMPANY NEWS 1
    • 344 3  -  By Shoeb Kagda THE STOCK Exchange of Singapore (SES) yesterday warned investors against submitting multiple applications for new share issues, adding that they could be committing an offence under the Penal Code and the Securities Industry Act. It has also issued new guidelines to
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    • 370 3  -  By Dexter Lee TWO wholly-owned subsid- j iaries of the QAF Group, Gardenia Foods and Ben J Foods, are charting opposing courses of development. I While the former has bought a factory for its expansion, the latter has sold one as part
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    • 251 3  -  By Elaine Koh CENTREPOINT Properties, now a subsidiary' of beverage group Fraser Neave, has shown a 38 per cent improvement in its interim af-ter-tax earnings, to $7.11 million. This was achieved by higher rentals at the flagship Centrepoint shopping centre, as well
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    • 264 3 DESPITE chalking up a 25 per cent increase in investment incomc, Asean Fund Ltd still ended the year to Oct 31, 1990 with a 2 per cent dip in after-tax profit to US$B.O7 million. This works out to earnings of 54 US
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    • 330 3 Bernama TIME Engineering Bhd will be reporting a far better pretax profit for the year ended Dec 31, 1990, compared with the previous financial year, a company spokesman said yesterday. "The half-year results for the period ended June 30, 1990. alone are already five times
      Bernama  -  330 words
    • 329 3  -  By William Chia PRECISION optics manufacturer Avimo Singapore, which reported its first loss last year after 15 consecutive years of profitability, is seeing more senior management changes. The company announced yesterday that its managing director Kevin Yap Foo Seong, who has been with the company since
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    • COMPANY BRIEFS
      • 65 3 SHENTON Income Fund has recorded a compounded return of 8 per cent per annum, said DBS Bank in a statement yesterday. The return, based on calculations since its inception in February 1989, assumes that dividends are reinvested. The Shenton Income Fund is
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      • 66 3 KING'S HOTEL, a member of the Hong Leong Group, yesterday announced that Hamish A Christie and Lim Ewe Hin have been appointed additional directors of the company with effect from Thursday. At a board meeting held on the same day, the company also appointed an
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      • 76 3 HOTEL ROYAL has announced that Libros Sdn Bhd, a Malaysian bumiputra-controlled company, has recently been allotted 30,000 shares of M$ 1 each in each of Hotel Royal's Malaysian subsidiaries, Mujir Estate Sdn Bhd and Sebatik Plantations. This is in compliance with the regulations of Malaysia's
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      • 92 3 FPG OLEOCHEMICALS Sdn Bhd, a Procter Gamble Co joint venture in Malaysia said it will expand capacity at its methyl ester plant under construction to 150,000 tonnes a year from 50,000 tonnes. Production at the plant located at the east coast port of Kuantan
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      • 61 3 ANTARA Steel Mills Sdn Bhd said it will invest Msloo million to expand its rolling mill and to build a steel billet production facility. Antara's chairman Mohamad Ali Hashim said the expanded rolling mill will have a capacity of 500,000 tonnes by 1994 against 120,000
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    • 219 3 Bernama SUNGEI Way Computers Services Sdn Bhd, a member of the Sungei Way Group, expects its sales turnover to reach Ms 32 million this year, up from Ms2s million in 1990, Sungei Way group deputy managing director Quah Siak Seng said yesterday. The
      Bernama  -  219 words
    • COMPANY BRIEFS
      • 106 4 THE JOINT venture drilling the Waihapa field has suspended its NZ$5O million oilfield development programme following increased water levels in one of its five oil wells, operator Petroeorp Exploration Ltd said. "Higher water production became evident during testing of the Waihapa-5 well
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      • 61 4 GERMAN-BASED Henkel KGAA's US Unit Henkel Corp said it plans to build a US$2 million research and development laboratory in Charlotte to develop new and improved chemical products for the textile industry. Construction of the facilitv is scheduled to begin during the 1991 first quarter
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      • 84 4 HARCOURT Brace Jovanovich Inc said it executed a definitive merger agreement with General Cinema Corp, under which Harcourt will become a wholly-owned subsidiary of General Cinema. Harcourt said its common shareholders and holders of its 12-1/2 per cent redeemable pay-in-kind preferred stock will each receive
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      • 105 4 MITSUBISHI Electric Corp and Asahi Glass Co Ltd have agreed to set up a joint venture on April 1 to develop mass-production technology for colour thin film transistor (TFT) liquid crystal displays (LCDs), Mitsubishi said in a statement. Advanced Display, to be capitalised at 100
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      • 79 4 THE president of Itoman Corp was fired yesterday after directors asked him to take responsibility for the troubled Japanese trading firm's huge exposure to the real-estate sector. Yoshihiko Kawamura, 67, president for 15 years, was replaced by Itoman's vice president Shoichi Yoshimura, a company spokesman said. Itoman,
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      • 71 4 COURTAULDS pic's Courtaulds Performance Films unit said it planned to restructure the distribution system of its Llumar brand motor and flat glass service centres in the United States. The plan calls for the replacement of Llumar's current Service Centres with a network of four regional
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    • 445 4 AS PART of a plan to diversify out of the beer brewing business, San Miguel Corp took part in a share swap with SHK Hongkong Industries. The South China Morning Post reported on Thursday that San Miguel Corp swapped 13.5 per cent of
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    • 351 4 HONGKONG companies are relocating at an increasing rate. The South C hina Morning Post reported on Thursday that a total of 61 companies listed in Hongkong had moved their headquarters abroad by the end of last year, according to Financial Secretary Sir Piers Jacobs. This
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    • 554 4  -  From Al Labita in MANILA THE PHILIPPINES is looking into the possibility of adopting as a model Singapore's computerisation of its stock exchange, sources told the Business Times. Official preliminary data showed that it would cost at least US$2O million to acquire top-of-the-line
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    • 425 4 Reuter SOUTHLAND CORP, largest US operator of convenience stores, said in Dallas on Wednesday that debt holders withdrew all objections to a proposed restructuring of the company, clearing the way for a new vote on the plan. For the second time in four months, Southland
      Reuter  -  425 words
    • 235 4 Reuter AMERICAN Telephone and Telegraph Co said its 1990 fourth quarter net ineome slid beeause of a 4.7 per cent rise in the firm's total costs and expenses, compared with a 1.9 per cent hike tor the year, reflecting higher spending for sales and customer
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    • 285 4 Reuter LONRHO pic shares edged 2p higher to 201 p on Thursday after it released a confident statement with its full-year results and quashed pre-result market nerves. The shares were 6p up on Wednesday's close. Lonrho said in a statement that it was in "good
      Reuter  -  285 words
  • Page 3 Advertisements
    • 126 3 NEIL rACES OLD Jongs ■I A. CrS J^L v v|iß -m MS^B| A sense of romance prevails, as Neu Faces renders the nostalgic tunes of the 60s. Move with the music where you are, at comfortable cosy corners or on the dance floor. Recall the irrepres- II J| j FASHION
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  • Page 4 Advertisements
    • 101 4 FOR WHO, WHAT, WHERE AHD WHEN m THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector ol 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 in
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  • FINANCIAL NEWS
    • 517 5 Banks pledge to fight on to recoup losses Reuter BANKS involved in swap deals with British local authorities, ruled illegal by the House of Lords, have vowed to tight on to recoup some of their losses. The Law Lords, UK's supreme court of
      Reuter  -  517 words
    • 481 5 Reuter MERGERS within the US banking industry may be a welcome development at a time when many banks arc trying to improve their capital base and profitability, says Federal Reserve governor John LaWarc. Consolidation among America's 12,500 banks is needed both within individual
      Reuter  -  481 words
    • 477 5 DBS Bank weekly currency review US$/DM: US$ heads for rising wedge objective of 1.4625 THE US dollar closed below the support line joining the lows of Dec 10 and Dec 19, 1990 last Friday, which was the first sign of US dollar weakness. A close
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    • 251 5 Reuter H O N G K O N G B A N K' S wholly-owned Marine Midland Banks Inc posted a net loss of U*****.6 million last year against net income of US$l3.9 million in 1989. Its 1990 provision for loan losses
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    • 161 5 Reuter HONGKONGBANK has declared in a statement a second interim dividend of 26 Hongkong cents in lieu of a final dividend. This brings the total for the year to 39 cents, an increase of 2.1 per cent over the 1989
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    • SMALL CHANGE
      • 2 5 Dollar$ Non$en$e
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      • 59 5 NATIONAL City Corp, parent of BancOhio National Bank, said it has completed the acquisition of Buckeye Financial Corp, holding company for Buckeye Federal Savings and Loan Association. Financial terms were not disclosed. National City said it expects that Buckeye will be converted to a national
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      • 96 5 JAPAN'S Finance Ministry has granted the banking subsidiaries of three US-based securities houses preliminary licences to open branches, a ministry official said. Morgan Stanley Japan Ltd, a unit of Morgan Stanley Group Inc, Salomon Brothers Asia Ltd, a unit of Salomon Inc, and Goldman Sachs
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      • 50 5 SALOMON Inc's Salomon Brothers Asia Ltd unit has appointed William Thompson as chairman of the Tokyo-based operation, effective June 1. Mr Thompson will replace Deryck Maughan, who is returning to New York to become co-head of the firm's investment banking division, along with Leo Higdon.
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      • 77 5 THE Royal Bank of Canada is continuing its search for an acquisition in the US, looking at troubled financial institutions as well as healthy ones, chairman and chief executive officer Allan Taylor said. He said the Royal Bank, North America's third largest bank by asset size,
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    • 548 5 Reuter AMERICAN EXPRESS Co s Shearson Lehman Brothers unit is expected to consider further asset sales and costsaving measures and combinations after reporting a record US$966 million loss for 1990, analysts said. The securities firm posted a fourth quarter loss of US$ll5 million,
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    • 204 5 Reuter BANK OF BOSTON, hit by real estate woes in the soft New England economy, reported a net loss of US$lB7 million or US$2.5B per share for the 1990 fourth quarter compared with a year earlier profit of US$9 million or
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  • Page 5 Advertisements
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  • REGION & WORLD
    • WORLD WATCH
      • 78 6 JAPAN'S economy is still in an expansionary phase, the government's Economic Planning Agency said in a report to economic ministers. Domestic demand is continuing to expand. with strong personal consumption and capital expenditure. The eurrent expansionary phase began in December 1986 and has lasted through to
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      • 61 6 SOUTH AFRICA crept further out of its diplomatic isolation on Thursday, announcing it would open trade and consular offices soon in Bulgaria. Poland, Romania and Czechoslovakia. The Foreign Affairs Department said in a statement: "The broadening of South Africa's official representation in central Europe follows visits
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      • 101 6 DELEGATES from East and West gathered for a two-day meeting in Vienna on Thursday in a bid to stem a mass exodus of eastern Europeans in search of the good life in the West. The 24 countries of the Council of Europe, along with representatives
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      • 71 6 THE PHILIPPINES has lost at least half a billion dollars in remittances from its workers in the Middle East since Iraq's invasion of Kuwait last Aug 2. Officials from the Philippine Overseas Employment Administration and the National Economic Development Authority, the government think tank which made
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      • 63 6 CHINA will establish a new airline beginning on Feb I to serve the southern part of the country. The Hongkong-based China News Service on Thursday said China Southern Airlines, the country's fifth major airline, would be based at the Baiyun International Airport in Guangzhou
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      • 51 6 FRENCH BUSINESSMEN arc involved in intensive discussions to form joint ventures with Malaysian companies. Philippe Giscard d'Estaing, chairman of the France-Malaysia Committee (Coframa), said he hoped the talks under way would soon see concrete results. Mr Giscard d'Estaing, head of a 22-mcmbcr delegation, arrived in Kuala Lumpur on
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    • 270 6 AFP THE RECESSION in the British economy deepened in the fourth quarter of 1990 and is set to continue for several more months, according to a survey by British industry on Thursday. Unemployment, now at 6.5 per cent, will continue to rise sharply, the
      AFP  -  270 words
    • 452 6 NYT IT HAS a vast desert and a large oil potential. President Bush was told, and this added piquancy to his interest in Mongolia, a country about three times the size of Texas and thousands of kilometres from the Middle East. The topic of oil came
      NYT  -  452 words
    • 478 6 Reuter LIMITED negotiations on freeing world commerce will resume soon in spite of a lack of progress on the thorny issue of cutting farm subsidies, trade sources in Geneva said on Thursday. But they said the meetings would not constitute a resumption of the
      Reuter  -  478 words
    • 40 6 Children riding in toy electric tanks in Unity Lake Park, Beijing, yesterday. Military toys remain popular among Beijing children despite the lengthy period of martial law which followed the clampdown on pre-democracy demonstrations in June 1989.
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    • 392 6 Reuter VIETNAM is trying to build its first export processing zone in an old French rubber plantation north of Ho Chi Minh City and hopes it will attract foreign investors, boost the economy and create jobs. However, city officials are having trouble
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    • 139 6 Reuter SOUTH KOREA'S economic planners hope to gain tariff concessions from China and sign an agreement to exchange "Most Favoured Nation" trading status with Beijing within this year, government officials say. The Economic Planning Board (EPB) said in its annual report outlining 1991 economic policies
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    • 279 6 Reuter A PROPOSAL for the European Community's development bank to lend up to US$l billion to three East European countries has been stalled by Spain, EC diplomats said in Brussels on Thursday. Spain has vetoed lending to Czechoslovakia, Romania and Bulgaria
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    • 495 6 Reuter EFFORTS by the 12-nation European Community to create a more unified stock market arc snarled up in rivalries among the bloc's main financial centres. European Commission officials say plans for a common market for securities brokers are being formulated while
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    • 409 6 THERE COULD still be a major breakdown of the share market in Shen/hen in spite of favourable long-term potential, researchers at Bankers' Trust Securities in Hongkong warn. The South China Morning Host report Law Cheungkwok and l-ai Hung-kcc as saying that the market's
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  • THE GULF WAR
    • 458 7 AFP THE Ciulf War, once it is over, could strain AmericanAsian ties as Asian nations reap the benefits of a conflict whose brunt was borne by the United States, according to a Hongkong publication. "Certain Asian countries could benefit greatly by the reconstruction
      AFP  -  458 words
    • 52 7 RABBI Weiss, from New York, being pushed away by Israeli police during a visit by the German Foreign Minister, Hans Dietrich Genscher, to the Tel Aviv site of an Iraqi Scud missile attack. The rabbi was protesting about German firms allegedly supplying Iraq with weapons
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    • 383 7 Reuter MAJOR ccntral banks arc preparing to cushion any shocks in foreign exchange markets as a huge Japanese aid packagc for the United States-led coalition in the Gulf is converted from yen to other currencies. There arc unlikely to be any
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    • 271 7 NYT WHILE leaders of Japanese big business have come out in support of the Japanese government's proposed US$9 billion contribution to the multinational forces in the Gulf, the chairman of the Petroleum Association of Japan has expressed his opposition to the government's plan
      NYT  -  271 words
    • 266 7 JAPANESE rcscarch institutes have mixed opinions on the impact of the war. with some expecting soaring oil prices and others forecasting relatively less drastic effects on the economies of the United States and Japan. The Japan Economic Journal reports that Sumito-mo-Lifc Research
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    • 452 7 AFP THE first week of the Gulf war has knocked US$4OO million off the Israeli economy without counting increased military spending, bank officials in Jerusalem said on Thursday. The economic state of emergency declared in Israel at the end of last
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    • 502 7 THE LONG-TERM costs of winning the Gulf war could include a tremendous bill for keeping the peace afterwards, according to the American business and financial weekly Barron's. Barron 's quotes a report by the Congressional Budget Office in Washington tthich says that winning
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    • 456 7 Reuter THE hefty fourth-quarter profit jumps at American oil companies are a publicity embarrassment, but probably a one-time event and unlikely to bring on any new US government taxes, Wall Street analysts said. "With the pullback in crude prices, I would be
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    • 390 7 UPI THE United Nations is considering ways to restrict the massive movement ot arms from Western nations to the Middle East and other world trouble spots. Canada's External Affairs Minister Joe Clark said in Ottawa on Thursday. Mr Clark admitted it
      UPI  -  390 words
    • 216 7 Reuter THE main business representative of the Kuwait Investment Office (KIO) in Spain denied speculation in international markets that the KIO was selling assets there to help finance the war with Iraq. Javier de la Rosa, deputy chairman of the KlO-owncd Grupo Torras, also
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  • Page 7 Advertisements
    • 78 7 J MTjfy 2-31 Jan The Mongolian Buffet Dinner at New Park Cafe is really something to shout about. There is a wide variety of delectable fJglT' ingredients for the whole family to enjoy either ,1 barbequeor steamboat style. But hurry. At only 14.50+ fx-r person (Child: $9.50++ we're expecting an
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  • STOCK EXCHANGE OF SINGAPORE 1
    • 939 8  -  By William Chia BOOSTED by sharp gains on Wall Street and Tokyo, the Singapore stock market managed to close firmer with gains across the board yesterday. The Straits Times Industrials Index jumped 29.44 points or 2.43 per cent to close at 1,238.75.
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    • 3851 8 Gr's Gr's 1990/91 lel asl Vol Day I.ast Quote Div |)i» V(d Net M C ap High Dm Code Company Salt- or- ("000) High Ixivr Buyer Seller (\t S P/K Smil INDUSTRIAL COMMERCIAL 277 152 J 1000 Acma 175 unch lf»H 175 174 174 175 2 U2 i !!S AmcoV't
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  • 3998 9 Main Board lit l.ifc 1350 4 80 46.3% SPH foreign 1070 4 70 4 7.0% DBS Foreign 1070 4- 54) 4.'1% SIA f oreign 1350 4 40 V 1% FAN 775 *-35 4 4.7% Metro Mldgs 525 35 4 7 1% Spore Busf 500 600
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  • KUALA LUMPUR STOCK EXCHANGE
    • 893 10 Bernama CONTINUE!) bargain-hunt-ing and short-covering yesterday sent share prices in Kuala Lumpur broadly higher. Sentiment was again b(H)sted by the good performance in Tokyo and Wall Street overnight. Buying of index-linked stocks helped the KLSE Composite Index rise four points to 483.44, while the
      Bernama  -  893 words
    • 3033 10 I99| last Vol Day Net Cap High Low Company Sale "000 High I.ow P/E Smil INDUSTRIALS 188 165 AISB 50* 176 7 16 176 172 42.9 180.5 342 316 ASM 50* 338 10 246 338 332 30.2 1387.5 296 280 Acidchem 290 2 44 292 288 124.7 255 250 Ajinomoto
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  • Page 10 Advertisements
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  • TOKYO STOCK EXCHANGE
    • 2296 11 Reuter TOKYO STOC KS closed firmer yesterday as overnight gains on Wall Street, expectations ol lower interest rates and an absence of had news from the Gulf combined to create a sense of optimism, brokers said. On Ihursday, Tokyo stocks
      Reuter  -  2,296 words
  • STOCK EXCHANGE OF HONGKONG
    • 2279 11 AP SHARE priccs on the Hongkong Stock Exchange dosed sharply higher tor the third consecutive session in active trading yesterday. The Hang Seng Index, the market's key indicator ot' blue chips, rose 65.86 points, closing at 3.206.36. The index has risen 222
      AP  -  2,279 words
  • Page 11 Advertisements

  • REGIONAL STOCK MARKETS
    • Aussie stocks finish sharply higher
      • 955 12 SUPPORT from stronger offshore share markets yesterday sent Australian stocks spiralling to their highest level in a month. Brokers said the local rally was inspired bv Tokyo's good performance on the back of the Dow Jones overnight. "The leading industrials were in demand by locals and overseas investors." said
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      • 720 12 THAI stocks closed higher in line with Tokyo's advance and on an absence of what brokers said was negative Ciull war news. The SET Index gained 6.22 points to finish at 629.69 on about 1.56 billion baht turnover after it surged more than nine points halfway through the session.
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      • 538 12 PHILIPPINE shares rose on a restrained rally with investor confidence buoyed by a perception that the US-led military campaign in the Gulf war was going well and by firm local market fundamentals, brokers said. Manila's composite index closed 25.71 points up at 691.55. Brokers said the market, which remained
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      • 758 12 SEOUL stocks fell in moderate trading as anxiety over the possibility ol a drawn out war in the Gulf dampened market sentiment, brokers said. The composite index closed at 632.95, down 5.07 points from the previous session. Turnover was 176.1 billion won against 122.5 billion on Thursday. The market
        758 words
      • 366 12 TAIWAN stocks surged in early trade but heavy profit-taking caused the index to close otf the day's high, dealers said. The weighted index gained 23.99 points to close at 4,113.83 against Thursday's 4,089.84 finish. Turnover was NT$73.B billion, the highest for over a month, from NT543.4 billion. Dealers said
        366 words
      • 136 12 NEW ZEALAND shares ended higher in moderate trade as leading dual-listed stocks firmed in response to improvements on Australian bourses. Goodman Fielder Wattic led the rises by gaining seven cents to NZ$l.92. Fletcher Challenge followed suit by gaining five to 3.07. Carter Holt Harvey, which plans to list
        136 words
      • 598 12 Reuter TRADING on the Jakarta stock exchange continued to be slow, with turnover plunging to 695,192 shares from Thursday's 1.62 million and the official index easing 0.77 points to 384.21. Brokers said the market was cautious following reports of a Jakarta brokerage's failure to settle deals worth 1.6 billion
        Reuter  -  598 words
      • 612 12 C lose Previous Jan 25 SYDNEY All Ordinaries Index 1,295.6 1,268.5 +27.1 All Industrials Index 2,007.9 1,953.7 +54.2 All Resources Index 750.9 743.3 +7.6 Turnover (million) 96.95 42.19 54.76 BANGKOK SET Index 629 69 623.47 +6.22 Tumoverf million baht) 1,560 1,026 534 JAKARTA Composite Index 384.21 384.98 -0.77 MANILA Composite
        612 words

  • WORLD STOCK MARKETS
    • Dow rises 24 points on lower rate hopes
      • Article, Illustration
        1042 13 US BLUE chips ended higher on Thursday as investors swooped into the market on expectations that lower interest rates were near while Mideast war concerns were placed on the back burner. "My description of this is that the bull is coming out of the closet it's been hiding.
        1,042 words
      • Article, Illustration
        900 13 UK SHARES yesterday opened the last day of the current account little changed, with the overall trend slightly firmer on the back of gains in Tokyo and New York. Brewing stocks were still depressed by Thursday's profits warning from Bass. Bass fell 31 p to 922 after losing 69p
        900 words
      • 309 13 DUTCH shares held their morning gains in calm midsession trading yesterday despite initial expectations profittaking might pare prices after Thurs- day's gains, dealers said. By 1210 GMT the CBS tendency index had firmed 0.5 points to 79.5 in line with bourses abroad, they added. "Although the Gulf war isn't
        309 words
      • 181 13 BELGIAN shares opened virtually un- chaged in thin trading which dealers expected would not pick up before the weekend. Volume totalled only 42 million francs after 15 minutes of trading, with dealers ascribing the lack of interest partly to the disappearance of earlier euphoria about prospects for an early
        181 words
      • 219 13 ITALIAN stocks were seen opening mixed to slightly higher after Wall Street's rise, but volume was expected to remain thin around 100 billion lire. Brokers said foreign investors are likely to remain on the sidelines until the direction of the Gulf war is clearer. They said stocks in the
        219 words
      • 290 13 GERMAN shares were mixed in quiet pre-weekend trade, with dealers expecting the 30-share DAX index to end not far from Thursday's closing level. The DAX rose 7.22 points to 1,382.38 in the first 15 minutes of trade, but quickly slipped back to around 1,379. It had risen 16.40 points
        290 words
      • 156 13 PRICES on the Stockholm bourse were 1.11 per cent higher in early trade with market interest focused on shares in insurance group Skandia, dealers said. The bourse top-16 index was 1.33 per cent higher, with total turnover relatively high at 154 million crowns after two hours of trade. Skandia
        156 words
      • 241 13 TORONTO stocks closed higher on Thursday, bolstered by hopes of lower interest rates and optimism about the allies' prospects in the Gulf War, dealers said. Trading was brisk in the afternoon, after a power failure earlier in day halted trading for 2-1/2 hours. "There was no bad news on
        241 words
      • 276 13 SWISS shares opened almost one per cent firmer in lively trading as overnight gains in New York and Tokyo and a slight easing in Swiss interest rates lifted sentiment, dealers said. They added shares continued to be sensitive to news from the Gulf. Profittaking following yesterday's sharply higher close
        276 words
      • 106 13 FRENCH share prices opened modestly higher on short-covering, reaching their highest level since the outbreak of war in the Gulf, traders said. But volume was very thin and traders said sour earnings by French firms and the expectations of a tough first quarter for many industrial sectors would probably
        106 words
      • 467 13 Jan 24 (W l'rv»ious NEW YORK IXm Junes 2.643.07 2.619 06 f 24.01 NYSE Financial 125.09 123 2 I 89 SAI»500 334.78 330.21 *4.57 Turnover (million) 223.2 169 44 53.76 LONDON financial Times 30 1.637.1 1.621.6 »-7.5 KISH 100 2.0W.3 2.080 5 *18 8 turnover (million) 506 0 353 1
        467 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • 1201 14 REPORTS THE GERMAN mark was mixed in quiet early trade yesterday, opening slightly weaker against the US dollar, the yen and sterling but firmer on the Swiss franc. Traders said there had been no major market-moving developments from the Gulf war
      1,201 words
    • 315 14 Reuter US FUTURES and options markets the hectic exchanges that dominate Chicago's business district arc flourishing as panicky investors turn from world turmoil to sophisticated trading tools that arm against risk. War in the Gulf and upheaval in the Soviet Union are perfect medicine
      Reuter  -  315 words
    • 251 14 Market, not G-7, will dictate value of Reuter DIFFERING rates of economic growth among the Group of Seven (G-7) will likely leave the matter of determining dollar levels up to the currency market. While the G-7 this week reaffirmed support for policy coordination, analysts noted strong growth in Germany and
      Reuter  -  251 words
    • 1184 14 SIMEX EUROOOiLAR Open High Low Sell Est Vol Op/lnt Vol Mar 91 92 93 9194 9191 9193 TtH ***** ***** Jun 91 93.02 93.02 93.00 93.00 2800 ***** 9774 Sep 91 92 86 92.88 92.86 9187 1300 4609 1625 Dcc 91 92.61 92.63 92.61 92.62 220 4321 389
      1,184 words
    • 407 14 Cross rates Jan 25 USS S$ MS l>m Yen SFr A$ NZ$ USI 1.7295 2.7030 1.4880 132.40 0.5112 1.2580 1.2821 1.6750 SS 0.5782 I 5629 0.8604 0.7655 0.2956 0.7274 0.7413 0.9685 MS 0.3700 63.98 0.5505 0.4898 ***** 0 4654 0.4743 0.6197 Dm 0.6720 I 1623 1.8165 88.98
      407 words
    • 577 14 Interbank rates S$ Bid Offer Overnight 5 1/2 5 5/8 1-month 4 3/4 4 7/8 2-month 4 3/4 4 7/8 3 month 4 13/16 4 15/16 Overnight mode: 5-1/4 IS$ Bid Offer 7 days 6 3/4 6 7/8 1 month 6 13/16 6 15/16 2 months 6 13/16
      577 words

  • COMMODITIES
    • 438 15 THE anni Reuter MALAYSIA'S suspension of palm oil and rubber shipments to the Middle East due to the Gulf War could swell local stocks and force down prices, traders and industry analysts said. Higher freight and insurance premiums and longer sailing time
      Reuter  -  438 words
    • 227 15 Reuter THERE is no indication when the Soviet Union might resume buying Australian wool, Australian Council of Wool Exporters director Dick Newman said. He said that officials of Soviet importing agency Novocxport arc still working on details of the US$4OO
      Reuter  -  227 words
    • 849 15 REPORTS THE PRICE of tin fell five sen to M$ 15.01 per kg because of some large offerings on the Kuala Lumpur Tin Market. Dealers said the London Metal Exchange was unchanged overnight and trading remained quiet. On the KLTM, at
      849 words
  • 1466 15 Rubber j an 23 ■AS (fob ia bates) S eenls/kg Noon Close Inl I RSSPrompt 145 00/I46.00N 144 25/I45.25N I ill I RSS M 91 146.4)0/146 50 145 25/145.75 hit I RSS Mar 147.50/148 00 146.75/147.25 lnl 2 RSS 4)P 144.75/146 75N 144 25/146 25N Int 3 RSS OP
    1,466 words
  • Page 15 Advertisements
    • 11 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
    • 227 15 JANUARY STARTS NICE GIRLS STILL £Q DON'T MAKE THE W FIRST MOVE...DO \W) THEY? (yi TWO MEN AT ONCE V] Is it possible to love two \J men at the same time? 7 10 TOP COMPANIES TO WORK FOR }J\ They offer fat bonuses, extensive healthcare, --t—«~i interest-free loans ..Find
      227 words

  • 608 16 Bernama MALAYSIAN banks and finance companies will be free to fix their own base lending rates from Feb 1, Bank Negara announced yesterday in what it described as "a further positive step in the on-going process of deregulation of the
    Bernama  -  608 words
  • 411 16  -  From Catherine Ong in HONGKONG A SINGAPORE woman was yesterday sentenced to three years' jail in Hongkong for fraud while a former senior officer of the Monetary Authority of Singapore (MAS) has been acquitted of falsifying accounts in the multi-mil-lion dollar Asean
    411 words
  • 601 16 Aid agencies react to Soviet bid to crush Baltics Agencies THE International Monetary Fund and World Bank have postponed any economic discussions with the Soviet Union, in increasing worldwide reaction to Moscow's move to crush rebel Baltic states in recent days. The United States Congress
    Agencies  -  601 words
  • 217 16 Reuter THE Lithuanian parliament pressed local Soviet military commanders yesterday to release six Lithuanians seized by soldiers after a fresh clash near the republic's capital. The six were detained as part of a renewed show of force by the Soviet military, which set up extensive
    Reuter  -  217 words
  • 48 16 Sudanese refugees who fled the fighting in Iraq carrying foam mattresses to their tents in a refugee camp near Amman on Thursday. Several hundred Egyptians, Sudanese and Tunisians left Iraq since the war started a week ago. Reuter picture Reuter picture
    Reuter picture  -  48 words
  • 321 16  -  By Chuang Peck Ming SOME BOSSES want to cut their unions to size, and they are doing this by giving their workers executive titles which, under the labour laws, oblige them to quit the unions, Says union chief Ong Teng Cheong.
    321 words
  • 277 16 TAKE another look at the labour law to see if changes can be made for workers to continue as union members after they have been promoted to executives or managers, Mr Ong Teng Cheong suggested yesterday. Some of the promotions are made
    277 words
  • Page 16 Advertisements

  • Executive Lifestyle
    • Article, Illustration
      1293 17 Long enchanted by the romance in the loneliness of the long-distance runner, AT braved wild park fires and disrupted bus schedules to venture into California's Sierra National Forest for a week-long running camp. She emerged a converted, if still raw, also-ran. THE DUSTY wooded trail rises to an
      1,293 words
    • STRAWS IN THE WIND
      • 52 17 THE top cchclon at Citibank seems to be reserved for the Davids of this world. David Lcong heads the investment bank division; David Smith heads the consumer services group; and David Browning was the country corporate officer until recently, when h<; was replaced by a Mr Conner.
        52 words
      • 85 17 WHEN buying diamonds, the four Cs carat, colour, cut, and clarity reign supreme. When looking for a husband, the five Cs Condominium, Car, Cash, Credit cards, and Condom dominate conversation. At a function recently, an unashamedly frank woman chose to change the criteria somewhat. She's not interested
        85 words
      • 78 17 MUCH as some may prefer the real thing, there's no danger of declining demand for condoms in this day of the Aids scare and the war in the Gulf, as Japan's largest prophylactic manufacturer, Okamoto Industries, has discovered to its pleasure. Okamoto's share price surged 69
        78 words
    • OPINIONS
      • 1105 18  -  Selva Kumar argues that The Pledge has an important role to play in our national life Selva Kumar The writer is a BT journalist We, the citizens of Singapore, pledge ourselves as one united people, regardless of race, language or religion, to build a
        1,105 words
      • 1766 18  -  If the war in the Gulf comes to a ground battle, what form might it take? Melanie Chew draws a likely scenario Melanie Chew l)r Melanie Chew is a military historian Iconfcss to being intrigued by the prospect of the upcoming demonstration of
        1,766 words
      • 804 18  -  Saddam Hussein does not deserve the unequivocal support of Muslims everywhere, says Shoeb Kagda Shoeb Kagda EVER since the believers of Prophet Muhammad rode out of the Arabian desert to spread the religion of Islam, the concept of jihad or holy war
        804 words
    • SPORTS
      • 952 19  -  Local racing enthusiasts have to use the Pasir Gudang track because of a lack of tacilities here. Cassandra How reports Cassandra How IT should have been a moment to savour thirty cars roaring towards the rising horizon, eager to justify the teams' faith while adrenalin
        952 words
      • 502 19 AP ARNOLD PALMER sighed, an exhalation composed of resignation, frustration and anticipation. "I keep saying I'm going to slow down, but it looks like I'm playing a heavy schedule again," Palmer said before a practice round for the Seniors Skins Game. He's been talking
        AP  -  502 words
      • SIDE LINES
        • 116 19 DEREK WILLIAMS, beaten in his last two fights, has been allowed to keep the Commonwealth heavyweight title he has not defended since December, 1989. But the 25-year-old Londoner has been ordered to meet New Zealander Jimmy Thunder by the end of March. Williams lost his
          116 words
        • 100 19 AMERICAN COMPETITORS have arrived in Austria to take part in the rest of the World Ski Championships. USA Ski Federation spokesman Paul Major said six women and eight men would take part in the rest of the championships. The US teams left World Cup
          100 words
        • 101 19 ENGLAND MIDFIELDER Neil Webb has been cleared of a retaliation charge which led to him being sent off during a national B side match last month. An English Football Association (FA) commission, meeting on Thursday, said Webb should not have been dismissed and the Manchester United
          101 words
        • 97 19 GREAT BRITAIN scrum half David Hulme was forced to pull out of the crucial World Cup match against France in Perpignan on Sunday. Hulme is out with a hamstring injury and will be replaced in the clash by Wigan's Shaun Edwards. Sheffield scrum half Mark
          97 words
        • 103 19 GARY GAETTI has ended his 12-year career with the Minnesota Twins by accepting an US$ll.4 million, fouryear contract with the California Angels. Gaetti, 32, was granted new-look free agency last month in the collusion settlement and had until Tuesday to either stay with the Twins or
          103 words
      • 308 19 AP MONICA SELES of Yugoslavia, the No 2 seed, played Jana Novotna of Czechoslovakia, the No 10 seed, in the Australian Open tennis women's final yesterday. Here is a brief look at the match-up: Strengths: Seles, 17, wields the strongest, most accurate groundstrokes
        AP  -  308 words
      • 274 19 Reuter UNPRECEDENTED security is being clamped on America's premier sporting event over fears that extremists might copy a best-seller plot and try to explode a bomb from a airship over a packed stadium. Security has been increased at public places throughout the
        Reuter  -  274 words
    • EPICURE
      • 610 20  -  Quek Swee Peng delights in a new restaurant discovery Quek Swee Peng ONE of the joys of eating in the suburbs is the authentic aura of the neighbourhood restaurant. Adding to the suburbs' widely-connected network ot old-fashioned coffee-shops and updated fast-food chains is the middle-range, family-run
        610 words
      • Article, Illustration
        348 20 The Economist Bernard loiseau is shooting for the stars three, to be exact. The owner and chef of La Cate d'Or, a restaurant-hotel in Burgundy 240 km south-east of Paris, Mr Loiseau is well-known in France for his creative use of light and colourful vegetable sauces.
        The Economist  -  348 words
    • LIFESTYLE 1
      • 597 21  -  Singapore Airlines wants to make it a great way to wine on its flights too. Cassandra How talks to the three experts SIA has engaged to select its wines Cassandra How WINE-tast-ing. A swivel. A sniff. Swill and spit. Vintage from a vantage point of view. Three
        597 words
      • 554 21 What's Italian, made from cheese and very hot, in Japan, that is? No, it s not pizza. It's tiramisu, a cake made from cream cheese Asahi News Service TIRAMISU. an Italian cakc made from cream cheese, is still the hottest item on the dessert menu
        Asahi News Service  -  554 words
      • 295 21  -  BRIDGE By Sybil Holloway IN TODAY'S deal, the declarer went down in his contract of four spades when he did not make a safety play by ducking. On seeing the dummy, South was fully expecting to make 11 tricks, 5 spades and 5 diamonds plus the Ace
        295 words
      • 696 22  -  He claims he is talking straight, but Shintaro Ishihara is making Americans mad in The Japan That Can Say No. Chuang Peck Ming finds out why Chuang Peck Ming The Japan That Can Say No: Why Japan Will Be First Among Equals By Shintaro Ishihara Sunon Schuster.
        696 words
      • 769 22 •i An Illustrated Dictionary of Chinese Medicinal Herbs Py Wee Yeow Chin and Hsuan Keng Published by Times Editions Pte Ltd |nd Eu Yan Sang Holdings Ltd |990. 184 pages $49.90 /Reviewed by Helen Chang EFORE World War 11, the V 1* American army used
        769 words
      • 590 22  -  CD Review By RINGO LIEW MICHAEL KAMEN: Concerto For Saxophone The name and face on the CD cover may belong to composer-arranger-con-ductor Michael Kamen, but the limelight here falls squarely on his featured soloist, saxophonist David Sanborn. With no less a backing band than the
        590 words
      • 1074 22 US News World Report WHEN it comes to jargon, the world of travel can more than hold its own in the blitz of neologisms, euphemisms and acronyms from the big league players in business and bureaucracy. As every self-respect- ing traveller knows, travelspeak along with computerspeak,
        US News & World Report  -  1,074 words
    • PURSUITS
      • 1585 23 What goes up must come down, but it comes down unevenly The Economist THERE is only one indicator for telling the value of paintings, and that is the saleroom, declared no less an expert than Renoir. That prolific and profitable artist would no doubt be glad to
        The Economist  -  1,585 words
      • 534 23  -  Suzanne Soh finds out what makes Italy's exclusive jewellery house Bvlgari tick Suzanne Soh TO BE EFFICIENT like a welloiled multinational corporation and yet have the creative mind of a small business that's the success formula for Italy's exclusive jewellery house Bvlgari. It is not easy to
        534 words
      • 441 23 From EL 1, Running high IF ITS not enough just to plan your trips around big city runs like the Berlin, London or Chicago marathons, consider living out the euphoria over a week. Go to a running camp. Some run or other takes place
        441 words
    • PERSONAL FINANCE & INVESTMENT 1
      • 935 24  -  When the shooting is over and investors start looking at fundamentals again, they will find that regional stock markets especially Hongkong and Malaysia are a good bet, according to Baring Securities. Loretta McLaughlan reports Loretta McLaughlan THERE'S an investment adage that says 'buy on war
        935 words
      • DON'T QUOTE ME!
        • 61 24 ONE OF our colleagues who visited Vietnam recently has this funny story to tell about Singapore businessmen. Apparently, to avoid potential complications back home, there is an unspoken set of rules among Singaporeans there. Nodding is okay; talking is okay; having
          61 words
        • 102 24 "SORRY, SIR. We no longer take American Express," said the hotel receptionist in Baghdad, his words punctuated by the rumble of heavy explosions, unleashed by the multinational forces against Iraq in an attempt to pry it away from Kuwait. "Things are not what they used to
          102 words
      • 221 24 CHART IN THE past one week, crude oil (West Texas Intermediate) prices have fallen by about 30 per cent in a matter of days, thus breaking the US$25 per barrel support level that had been tested four times. This break has
        221 words
      • 1138 24  -  The gyrations on the forex markets are no doubt due in part to the Gulf war. But when the dust is cleared, fundamentals will take centrestage again, says Norbert Walter Norbert Walter Professor Dr Norbert Walter is the chief economist of Deutsche Bank Ag FLUCTUATION on
        1,138 words
      • 860 25  -  Personal wealth in the US and the UK soared during the Eighties. But the party's over. With share prices falling and property prices remaining depressed, personal wealth fell sharply in 1990 for the first time in decades, according to a study. S N Vasuki reports
        Punch  -  860 words
      • 530 25  -  Mortality takes centrestage again TAKING COVER By Alan Street THE three most important factors that the actuary has to allow for in the calculation of premium rates are mortality, interest rates and expenses. Mortality used to be of the greatest concern. Interest rates were stable and
        530 words
      • 693 25 Prices (as at 24.1.91) Conversion terms Premium/ (discount) Expiry Amount Wrts Share Lnstk Exer price Optional" using Gearing 4 Company issued [m units) Conv ratio Lnstk nom value Cash t Cash 1 Lnslk* Date Mths left CACW1 Causeway Inv 37.5 7.2 0.990 0.250 3.440 0680 0.770
        693 words
    • JOBS
      • 849 26  -  As bombs rain down on Saddam Hussein, executives are advised to dig in because a prolonged war and an economic slowdown will have an impact on the job market. S N Vasuki talks to headhunters and lists some classic defensive strategies S N Vasuki
        849 words
    • 305 26 Mr John D Barbour has been appointed Managing Director, Brands Division of Cerebos Pacific Limited. He joined Cerebos in Australia in 1973. He has spent 18 years with the company including nine years as Managing Director of Cerebos Greggs Ltd in New Zealand. His most recent appointment was
      305 words
    • THE TRAVEL PAGE
      • 1096 27 City FKgM ETA Flight ETD Adelaide SQ228 1910 QF82 2115 QF81 2010 RJ83 0350 Aawterdaai SQ23 1345 KL838 2150 KL837 1505 S024 2215 AHUM OA471 0015 firrMirf NZ21 1720 NZ22 1830 SQ338 2030 BA12 2155 2 lalgaia GF148 0915 Baadar Sari BI421 1105 SQ182 0915 ItOM
        1,096 words
      • 775 27  -  LETTER FROM CEBU By David Chew IF there is any local group which can project Filipinos as musi-cally-talented people, it is the Cebuanos or the people of Cebu. On a recent visit to the island, which prides itself as the cradle of Hispanisation
        775 words
      • 144 27 As at 3pm yesterday: I/Kal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3300 1.3600 Canadian dollar 1.4720 1.5020 NZ dollar 1.0180 1.0580 Sterling pound 3.3500 3.3900 US dollar 1.7200 1.7350 Local dollars to 100 units of foreign ewmey Austrian schilling 16.00 17.00
        144 words
      • 62 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel j.nlM7 International Germany Stuttganer <46)7tl/258<M) on Exhibition For Messe Und fcxnimlion infl Caravining. Kongress Feb 7-12 Interaatooal Vmknaa. Fent Muallirio J*****1 1(0 To, F» Sp... ,2 7 STSd. IFEMA Feb 9-17 International H«nbo„ H*nbo, Me*. 4MMS«M> p
        62 words
    • TIME OFF
      • 187 28 SSO Concert Well-renowned violinist Mayumi Fujikawa will perform with the SSO. The programme includes Mozart's The Magic Flute Overture K620, Beethoven's Violin Concerto In D, Op 61 and Prokofiev's Symphony No 6 In E Flat, Op 111. Victoria Concert Hall. Today at 8.15pm Mad Forest Based on Caryl Churchill's
        187 words
      • Article, Illustration
        346 28  -  Compiled by K Jayanti Contemporary Fine Chinese Paintings On display are about 200 original paintings by China's top artists, to usher in the Year of the Goat. Orchard Point Exhibition Hall. #03-18, Orchard Point. Feb 1-3 at I lam to 7pm Impressionist and Modern European Paintings Exhibition-cum-sale of Impressionist
        346 words
    • Article, Illustration
      625 28 Reversal Of Fortune. Whether it is a case of husband-kills-wifc-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. Jade 2:11:1.30:4; 6 30: 9. Switching Channels. Kathleen Turner plays a TV
      625 words
  • Page 17 Advertisements



  • Page 20 Advertisements
    • 252 20 WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE UNO ENTERTAIN WHERE TO WINE, DINE Didn't I sec you at Scandals? i Kvcty Thursday: Night. Kvery Night: The place to see and be seen. Scandals, Singijiorc's most sophistic ated Hub and meeting place. Kor details on nieinbership. call 330
      252 words
    • 337 20 f ouirngc* 1 californian cuisine sj J TOO LA TE FOR BREAKFAST? TOO EARLY FOR LUNCH? W CALIFORNIAN J BUFFET -J BRUNCH Kt' DELIGHTFUL HOT AND COLD DISHES. A JAZZ fIV BAND TO PUT YOU IN A MERRY MORNING "1/ MOOD. EVEN A LEGO PLAYGROUND 1- NEXT DOOR FOR THE
      337 words
    • 294 20 Have Poolside "BBQ Buffet" Under the Stars! k Now, besides our weekend steamboat buffet is the neu HPT "all-yau-can-eat" Barbeque Buffet. BBQ Buffet* Adult: $17.00++ Child: $11.00++ AtxuLtble only on fine ueathrr 1 Steamboat Buffet 1 Adult. $14.50++ Child: $10.00++ J ilj x So head for Sky Garden V Poolside
      294 words
    • 169 20 ORDER f CHICKEN DISH (appetizers, soup, salads desserts are on the house) c <FiraTßa p,us your choice of coffee or tea AII for J mere S17 «it our 2-week Chicken Promotion. I-unch Only. v*. Xfu HlaiX CUD AMI 60 Eu Tong Sen Street Singapore 0106 !«ms*3ssf Te< 5333 886 Fa*
      169 words

  • Page 21 Advertisements
    • 244 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY -U BRUNCH: 11AM TO 2.3CPM MB 'i3ME |^PnHPr/ fsH ADULTS U $31.00 R CHILDREN zSu* $I9.M* Every Sunday, Hubertus Grill becomes the venue for a' great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and
      244 words



  • Page 24 Advertisements
    • 156 24 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 they make a triangle of
      156 words

  • Page 25 Advertisements
    • 155 25 INVESTING IN SHARES? CALL I I y 4 4* ASK FOR CREDIT PLUS hen opportunity knocks you'll want to be It s so easy and convenient to apply for CREDIT ready. Here's where Hong Leong Finance PLLS. Drop by any of our 28 conveniently located and Singapore Finance can help.
      155 words

  • Page 26 Advertisements
    • 683 26 TELEPHONE: 730-59 37/ 5 9 02/5942 FAX !top position for the LATERAL THINKER t Our client is a well-established and forward- I I I 01f looking company which has built its success I UH vvlvl through organic growth, foresight and I f f dynamic management. It is engaged in I
      683 words
    • 151 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 distrrbuHillblom and Lind who
      151 words

  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • 246 27 1 Land's End presumably if 6 The man taken in by an he an insect or a great 13 Many on the heather 1 I I I i _L—L—L—L—J—J—— their grasp (5) RH 15 Extortionate former player returns 21 The church takes on a new 1 I f I 1
      246 words
    • 169 27 World forecast Asia-Pacific Hi/Lo* Good. Auckland 27/20 Showers Bangkok 33/23 Fair Beijing 03/-7 Qoudy Brunei 30/24 Showers Hongkong 22/18 Cloudy Jakarta 30/24 Showers Kuala Lumpur 32/23 Showers Manila 32/23 Fair Melbourne 24/17 Cloudy Perth 32/21 Hot Seoul 03/-3 Fair Sydney 27/17 Windy Taipei 22/14 Windy Tokyo 10/02 Windy Wellington 26/18
      169 words
    • 25 27 I NGrfs!*euas>». ujeu. »u e>G. 'VJL IH«TRDK. L*. r&frml OLD obvil fortes UHIIC. m iTpvKer* J -rupcr I'LL, PpvSS *mc 1/ "> V. i \LOXOOM |l
      25 words

  • Page 28 Miscellaneous
    • 1774 28 TODAY'S TV HPVffVPPVPWH 3.00 News Update (E.C.M.T). 10.30 Colgate Children's Club. 'Mil 1 t 11.00 TamanNuri. H 3.15 n *^^7' d > 11.30 TV Education. Malay Hovie— Jiran (See 12.00 PM News (M) Jiran, 4.00pm, SBC 5 Tennis: Australian Open 1991, 520 Joki last JJJ S This movie takes a
      1,774 words
    • 613 28 Movies on TV Night Of The Comet, Mon, Christian Bale, John Malkov--11.35pm, TVI ich and Miranda Richardson. High on humour but low on i..... Heavens famfiT gore, this movie is all about lk% W ed, 10.30pm, citizens of the Earth turning $I^l2 into blood-thirsty zombies af- ir w- u ,l,
      613 words