The Business Times, 9 February 1991
1991-02-09
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The Business Times
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Title Section11 1991-02-09 1 Business Times MCI (P) 16/12/90 Weekend Edition, February 9-10 1991 75*11 words
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NEWS & MARKETS SUMMARY
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Article38 1991-02-09 1 SHARE PRICES opened higher on Wall Street yesterday with the Dow Jones Industrial Average gaining 6.93 points to 2,817.57 in the first five minutes of trading. On Thursday, the Dow closed 20.30 points lower at 2,810.64.38 words
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Article51 1991-02-09 1 LONDON shares showed narrow gains at midsession, as early losses were erased. At 1213 GMT the Footsie Index was up 4.0 points at 2,247.7. Dealers said the market was marked lower at the start and drifted in thin trading through most of the morning session before buyers stepped51 words
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63 1991-02-09 1 THE United States and its allies are expected to ease curbs on high-technology exports to East European countries undergoing democratic reforms, the Kyodo news agency reported yesterday. The Coordinating Committee for Multilateral Export Controls (COCOM), at a meeting in Paris on Feb63 words
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Article39 1991-02-09 1 BOOSTED by a few huge projects, the total value of building jobs awarded last year rose to $7.74 billion. This was a 40 per cent growth over the $5.5 billion worth of contracts in 1989 Page 239 words
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Article43 1991-02-09 1 DIVERSIFIED gaining operator Magnum corporation Bhd wants to reduce its reliance on lottery operations by beefing up its property, leisure and finance activities. At present, gaming accounts for about 70 per cent of the group's turnover and profits Page 343 words
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Article, Illustration29 1991-02-09 1 Friday Change BT-MGA 628.10 -2.03 Kuala Lumpur ....518.93 -0.57 Hongkong 3,359.09 25.11 Tokyo 24,296.08 +191.65 Sydney 1,341.4 -2.9 Thursday Change New York 2,810.64 -20.30 London 2.243.7 +48.929 words
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Article19 1991-02-09 1 Exchange rates USS SSI.7140 •00 Yen SSI.3359 MS SS0.6365 Money market rates Overnight 4-1/4 -1/4 3-month 4-5/8% +1/1619 words
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Article36 1991-02-09 1 London GoM PM fix US$368.30 US$4.80 Rubber S'pore Mar 144.75*/kg unch M'sia Mar 228.50*/kg unch KL Tin Turnover 24 tonnes-1 Spot M$ 14.77/kg +0.05 Crudo palm oil Turnover 530 lots -603 Feb M$838 /tonne -136 words
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Article, Illustration595 1991-02-09 1 Amy Balan - The move will add at least $10.5 billion to local market capitalisation By Amy Balan JARDINE Matheson Holdings (JMH), arguably Hongkong's most revered hong, and related companies have received approval to list their shares and warrants on the Stock Exchange of Singapore,595 words
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461 1991-02-09 1 THE Agencies THE TIMING of a ground assault to drive Iraqi forces out of Kuwait was reportedly to be top of the agenda as US Defence Secretary Dick Cheney and chairman of the Joint Chiefs of Staff General Colin Powell flew intoAgencies - 461 words
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254 1991-02-09 1 AFP CHIEF Cabinet Secretary Misoji Sakamoto is the richest Japanese minister with assets of 726 million yen (559.6 million), a government survey showed. The government spokesman was followed by Foreign Minister Taro Nakayama with 616 million yen (US$4.7 million) and Science andAFP - 254 words
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372 1991-02-09 1 FOR THE fifth consecutive day, major central banks yesterday embarked on a concerted intervention to support the troubled US dollar against the German mark. The intervention, which occurred during early European trading, was kicked off by the Bundesbank. Ten other European372 words
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Page 1 Advertisements
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Advertisement110 1991-02-09 1 Nikon Thi WtorkJ'a Finest Photographic System. cover NTW'. Aircraft Schedule EL 11 Commodities 15 Company News 4 Cryptic Crossword EL 11 Eiecutive Jobs EL 10 Futures Options 14 Interbank Fore* Rates 14 Home News 2 KLSE 10 Money Changer Rates EL 11 Money Market 14 Regional Stock Markets 12 SES110 words
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Advertisement40 1991-02-09 1 OPINIONS Gulf: If peace is not desired. EL 2 Don't rule out the peace option. EL2 Teheran preparing for anti-US front, Pg 7 If peace is not desired, EL Pg 2 Don't rule out the peace option, EL Pg 240 words
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Advertisement11 1991-02-09 1 LIFESTYLE The Brits are kissing. EL 6 Be my Valentine. ELS11 words
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Advertisement267 1991-02-09 1 PURSUITS Jardine Matheson prepares for 1997, Pg 3 HISTORY IN TIME mi UV Mr &TIB Neu ton. automatic in 18 ct gold or gold/steel Planetarium Copernicus, individually numbered handmade in IS ct gold Michelangelo, automatic in 18 ct gold or gold/steel Planetarium Copernicus The Planetarium by Ulysse Nardin combines with267 words
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Advertisement19 1991-02-09 1 Nikon y TtwWbrid'tßnMt Photograph* Syrtwrv FINANCE Market gives hotel sector the miss. EL 8 The January effect EL 919 words
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Advertisement8 1991-02-09 1 JOBS The art of managing professionals. > EL 108 words
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HOME NEWS
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NEWS ROUNDUP
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48 1991-02-09 2 QUOTING higher wholesale prices as the reason, four oil companies upped their diesel prices last night. Esso, Shell, British Petroleum and Mobil raised pump prices for diesel by nine cents from 56.6 cents per litre to 65.6 cents per litre.48 words
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Article53 1991-02-09 2 THE Ngee Ann Polytechnic has introduced a personal computer ownership plan for its students to encourage more of them to use PCs for assignments and work. Under the plan, the polytechnic will offer interest-free loans for the purchase of computers as well as a53 words
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Article77 1991-02-09 2 MOTORISTS will have an easier time finding parking space when new lots come on stream. A total of 59 lots will be constructed at the junction of Kreta Ayer Road, Neil Road and Dickenson Hill Road by June while another 90 vehicles will be able to77 words
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Article52 1991-02-09 2 JAPAN AIR LINES is offering four summer course scholarships in Japan to full-time students at Singapore's six institutions of higher learning. The scholarships, now in their seventh year, are open to Singapore citizens or permanent residents. Successful applicants will do the summer courses at Sophia University52 words
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Article44 1991-02-09 2 THE 19th Chingay Procession will be held on Feb 23 at Orchard Road. To start at 8 pm, the procession will start at the junction of Scotts Road and Orchard Road, and end opposite the Dhoby Ghaut MRT station.44 words
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Article100 1991-02-09 2 THE POLICE are investigating the incident in which a Filipino maid was burnt with a hot iron, with a a view to prosecuting the offender. The Ministry of Home Affairs and the Republic of Singapore Police are taking a very serious view of the incident.100 words
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Article, Illustration288 1991-02-09 2 BOOSTED by a few huge projects, the total value of building jobs awarded last year surged to $7.74 billion. This was a 40 per cent growth over the $5.5 billion worth of contracts in 1989. The latest issue of the Urban288 words
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Article229 1991-02-09 2 DEVELOPERS completed work on more than 3,600 private houses, flats and condominiums last year, of which 197 were finished in December alone. These figures are given in the Urban Redevelopment Authority's latest monthly bulletin of building statistics. The data lend substance to the fear that229 words
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Article, Illustration367 1991-02-09 2 Anna Teo - By Anna Teo SINGAPORE was the Philippine's sixth largest labour market between 1984 and 1989, absorbing about 14 per cent of its workers in Asia during the period. Records of the Philippine Overseas Employment Administration show that 61,554 Filipino workers, largely female, worked367 words
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SHIPS IN PORT
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Article473 1991-02-09 2 Vcssd Voy Wo Bth Arm* D«partnt O^rtw luroAC pod B Kena<«a 2/91 K32 alongside 15 02/2300 Baiong Permai I 31/91 M 08.02/0200 09 02/1600 Cora Pcess 004 (P) C09 alongside 0802/1800 Jumof 100 15 09.02/2300 Kota Secati E-885 K31 alongside 0802/2300 Nasionai iaya J1 08.02/0700 09 02/2300473 words
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Article1353 1991-02-09 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Babnce Rsfts 9j> Voy No Etb/Btf Period From To From cti mm a ss x sa sis" Andto Star 21N 11/1600 I 08/1500 08/1659 08/1900 W 4 09/1200 09/1459 09/1/00 Aritd Ms 9104 12/2100 2 Cancelled 3 Cancelled 41,353 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration469 1991-02-09 3 William Chia - By William Chia DIVERSIFIED gaming operator Magnum corporation Bhd wants to reduce its reliance on lottery operations by beefing up its property, leisure and finance activities. Executive director Lim Kim Wah told BT recently that the group would like to see469 words
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549 1991-02-09 3 Alvin Tay - By Alvin Tay FINANCIAL results of Malayan Banking and Public Bank, two of Malaysia's pub-licly-listed banks, show that the profitability of banks across the Causeway has not been adversely affected by narrower margins and last August's Iraqi invasion of Kuwait. Malayan Banking, Malaysia's549 words
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Article, Illustration892 1991-02-09 3 S N Vasuki - Listing on Singapore stock exchange is part of wider strategy By! S N Vasuki THE SAGA of the Jardine Matheson group reads like the oriental version of Gone With The Wind, a moving screen spectacle that includes intrigue, drama, and action. The only difference is,892 words
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381 1991-02-09 3 Claire Leow, Carolyn Lim - By Claire Leow, Carolyn Lim LIEM SIOE LIONG's Hong-kong-listed First Pacific Co has decided to go for full control of its loss-making Australian-based computer associate Imagineering Technology. First Pacific will pay 10 Australian cents a share or a total381 words
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COMPANY BRIEFS
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Article71 1991-02-09 3 UMW HOLDINGS Bhd's after-tax group profit more than doubled to MS 135.21 million (about 5586.5 million) from M 567.46 million, while attributable profit surged by 215.4 per cent to M 595.09 million from M 530.15 million previously. Announcing its unaudited results in a statement yesterday, UMW71 words
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Article33 1991-02-09 3 IDRIS HYDRAULIC (M) Bhd yesterday announced that Tengku Datuk Ahmad Rithauddeen Tengku Ismail had been appointed as director and chairman of the board with effect from Feb 6.33 words
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Article75 1991-02-09 3 R J REYNOLDS Bhd's (formerly Juara Perkasa Corp) balance of 14.62 million ordinary shares to be offered under its restricted offer had not been fully subscribed, its regional vice-president (finance), Robert Edward Harrison, said yesterday. He said after the balloting of the open portion75 words
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Article38 1991-02-09 3 British Malayan doing better BRITISH MALAYAN Trustees Ltd yesterday reported a 25 per cent rise in after-tax profit to $406,000 for the six months ended Dec 31, 1990. Earnings per share amounted to $1.34, up from $1.07 previously.38 words
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368 1991-02-09 3 Bernama A RESTRUCTURING plan for Grand United Holdings Bhd is expected in about three months, its shareholders were told at the company's annual general meeting in Kuala Lumpur yesterday. Mohd Bashir Shariff, manager of corporate finance at Intradagang Merchant Bankers (M) Bhd, the company'sBernama - 368 words
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Article765 1991-02-09 3 Prices (a* at 7.2 -91) Conversion terms (5555) Exp<t y blSI? Wrts Share Lnstk Em .yiT' Gearing* m c w SA f* E? «"> 13? raoo vain* LJL-2 CACWI 37 5 1 360 3.720 1 00 3 09 20 2.74 26.4 93 26 Causeway lav 7.2765 words
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Page 3 Advertisements
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Advertisement22 1991-02-09 3 I've switched to ANA Hotel Singapore. A W ANA HOTEL SINGAPORE l>. Hill s, I It'll. 1 Vlton Kf l VMUIII.IuI.CT.iI !»>.■ I22 words
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COMPANY NEWS
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COMPANY BRIEFS
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79 1991-02-09 4 C ITOH and Co, a leading Japanese trading eompany, said yesterday that it had set up a joint venture with Indonesia's Vivatex group to build a 24-storey twin-tower office building in central Jakarta. The joint venture, TT Budiman Sejahtera Development, is capitalised at 4 billion yen79 words
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Article77 1991-02-09 4 JAPANESE oil firm Taiyo Oil Co Ltd, and several Japanese trading houses, are studying the possibility ot jointly building an oil refinery in Malaysia with Malaysia's state oil company Petronas, Taiyo said in a statement in Tokyo. They are considering a refinery able to process 100,00077 words
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Article79 1991-02-09 4 CANON Sales Co, a subsidiary of the Japanese camera manufacturer, has signed an agreement with Cray Research Inc of Eagan, Minnesota, to serve as a sales agent for Cray supercomputers in Japan, a Canon Sales spokesman said in Tokyo. While sales of Cray supercomputers79 words
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Article80 1991-02-09 4 JAPAN'S Daio Paper Corp plans to set up a cardboard plant in Vietnam with local interests, a company spokesman said in Tokyo on Thursday. The company, Japan's fourth-largest paper manufacturer, is to build the plant in Ho Chi Minh City, with state-run papermaker Cogido, at80 words
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Article97 1991-02-09 4 FRENCH car company, Peugeot SA wants to establish a service network in Vietnam, a newspaper in Hanoi quoted a Peugeot official as saying. Tuoi Tre, a Ho Chi Minh City newspaper, quoted Mr Marc Seguin, the representative ol Peugeot in Vietnam, as saying the company had97 words
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Article104 1991-02-09 4 FUJI Heavy Industries Ltd plans to expand sales of its Subaru cars in Taiwan by raising production there, and imports from the US, a spokeswoman said in Tokyo. It will increase assembly at Taching Motors Co Ltd to 24,000 or 25,000 vehicles this year, from104 words
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Article60 1991-02-09 4 INTERFLUG, former East Germany's national carrier, on Thursday denied unspecified reports that it was about to become insolvent, but acknowledged serious financial problems. Airline losses did not total 100 million deutschemarks (S$ 118.22 million), a spokesman for Interflug management said, in denying reports to that effect,60 words
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89 1991-02-09 4 SWEDISH investment firm A B Patricia said it had sold its stake in forestry firm Korsnas A B to Stora Kopparbergs Bergslags A B for 963.5 million crowns (*****.68 million). Patricia, jointly owned by investment firms A B Investor and Forvaltnings A B, said89 words
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224 1991-02-09 4 MBT SOUTH Korean multinational Samsung has invested in a Mssoo million (***** million) colour picture tube and electron gun plant at an industrial park in southern Seremban state. Mr Chung Hcc Bum, the managing director of Samsung Electron Dcviccs (M) Sdn Bhd, a Samsung subsidiary,MBT - 224 words
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Article, Illustration333 1991-02-09 4 Reuter CHRYSLER Corp chairman Lee lacocca said the year ahead remains uncertain and that it will be difficult for the automaker to repeat its 1990 earnings results, in which it reported a small net profit. "The year ahead is even more uncertain," MrReuter - 333 words
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341 1991-02-09 4 NYT TOSHIBA Corp of Tokyo has developed a mobile sludge-treatment system that converts treated sewage to a powder that can be spread as fertiliser. Because many local communities are being hooked up to public sewer systems, small facilities with limited capacity areNYT - 341 words
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Article, Illustration451 1991-02-09 4 Special shareholder meeting requested by NCR shareholders Reuter AMERICAN Telephone and Telegraph Co (AT&T) said it has selected 13 nominees for election to the board of NCR Corp at its annual shareholders meeting and a special meeting of NCRReuter - 451 words
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307 1991-02-09 4 Reuter KLM ROYAL Dutch Airlines, in trouble even before the Gulf war, revealed a third quarter net loss of 214 million gilders (*****.32 million) on Thursday but predicted it would make money again in three years. "We aim to make a profitReuter - 307 words
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583 1991-02-09 4 Reuter THE Broken Hill Pty Co Ltd hopes its proposed US$52B million (*****.8 million) takeover bid for the outstanding capital of Hamilton Oil Corp will open the gates to the oilfields of Eastern Europe. BHP. which already owns 50.1 perReuter - 583 words
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734 1991-02-09 4 Reuter BRITISH companies battered by debt and recession may cut dividends to heal their balance sheet wounds, equity analysts say. Profit and earnings reports over the next few weeks are expected to expose the damage done by recession and the full scaleReuter - 734 words
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Page 4 Advertisements
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Advertisement124 1991-02-09 4 BARGE FOR SALE Our client, a large multinational corporation, has offered for sale an accommodation and workover barge with the following specifications Length 272 ft Breadth 70 ft GRT 3922 T Class ABS AL Accommodation 272 men in aircon quarters below deck Cranes 1 unit 150 ton crawler 1 unit124 words
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FINANCIAL NEWS
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Article, Illustration525 1991-02-09 5 NYT LEADING DEMOCRATS as well as some administration allies in Congress predicted on Wednesday that many elements of the Treasury Department's proposed overhaul of America's banking system would not be enacted. While lawmakers and banking lobbyists agree that the time is politically ripeNYT - 525 words
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Article444 1991-02-09 5 Reuter THE HONGKONG Association of Banks has decided to leave interest rates unchanged and maintain the prime rate at 9.5 per cent. "We feel we don't necessarily need to follow the US market," acting association chairman lan Wilson said yesterday. "We had better wait and seeReuter - 444 words
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Article, Illustration491 1991-02-09 5 DBS Bank weekly currency review USS/DM: From wedge to pennant NEW LOWS were made this week following the formation of the bearish pennant pattern last week, and the US dollar breached its previous low of 1.4625 to hit 1.4457 on Thursday before forming a day491 words
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584 1991-02-09 5 Reuter THE BANK OF JAPAN (BOJ) is unlikely to join other ccntral banks in buying dollars unless the US currency slides into a free-fall against the yen. foreign exchange traders say. At least 10 central banks, including the US Federal ReserveReuter - 584 words
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SMALL CHANGE
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124 1991-02-09 5 THE CHINA FACTOR is behind the British colonial government's choice of a new financial chief, an official source said in Hongkong on Thursday. Secretary for Treasury Hamish Macleod would become Hongkong's Financial Secretary after Sir Piers Jacobs retires around June, the source said,124 words
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Article62 1991-02-09 5 BANK OF NEW ZEALAND Ltd (BNZ) will cut its base rate to 15 per cent from 15.75 per cent effective Feb 25, a spokesman said in Wellington on Thursday. Its home mortgage lending rates for new loans will now range from 13.75 per cent to62 words
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Article110 1991-02-09 5 THE KOREA FIRST BANK has co-lead managed a US$3O million offshore syndicate loan to a Japanese bank, the first time a South Korean bank has helped lead manage a loan to a foreign firm overseas, bank officials said in Seoul on Thursday. The three-year loan110 words
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Article62 1991-02-09 5 JAPAN'S Fuji Bank- Ltd has rescued the troubled Osaka Fumin Credit Cooperative with a 46 billion yen (US$35O million) loan following a request from the local government. A bank official said on Thursday that the bank, Japan's fourth largest, has also sent 11 staff to the62 words
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Page 5 Advertisements
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Advertisement110 1991-02-09 5 I FOR WHO, WHAT, WHERE AND WHEN 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 trends110 words
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THE REGION
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NOTE BOOK
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99 1991-02-09 6 THE PHILIPPINE tourism industry suffered lower tourist arrivals, and reduced tourism receipts and hotel occupancy in 1990 and expects further declines this year, tourism department spokesmen said yesterday. Tourist arrivals reached only 1.01 million in 1990, down 15 per cent from the 1.1999 words
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Article84 1991-02-09 6 HONGKONG JOURNALISTS will be barred from covering talks later this month between Hongkong and Chinese officials on plans for a mammoth new airport in the colony. The third round of talks on the US$2O billion project is scheduled for Feb 21-22 in Beijing. A spokesman for84 words
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Article83 1991-02-09 6 A SENIOR AIDE to President Roh Tae-woo resigned yesterday over allegations of influence-peddling in connection with a multi-million dollar land deal that infuriated the public. A presidential spokesman said Chang Pyong-jo, Mr Roh's secretary for culture and sports, tendered his resignation over his suspected role in a83 words
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Article71 1991-02-09 6 PHILIPPINE energy officials are awaiting development plans by a Houston-based company for a newly-discovered oil-field estimated to contain more than 100 million barrels of economically recoverable crude oil. The evaluation and development plans by Alcorn Exploration and Production Co are due to be submitted later71 words
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Article65 1991-02-09 6 THE BANGKOK-BASED Nation newspaper will soon become the first non-communist newspaper to be distributed in socialist Cambodia. Foreign Minister Hor Nam Hong gave the go-ahead during a meeting in Phnom Penh earlier this week with the English-language daily. The independent newspaper broke new ground earlier this65 words
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Article85 1991-02-09 6 INDONESIAN Mines and Energy Minister Ginanjar Kartasasmita voiced hopes on Thursday that the first oil contract for the Timor Gap area could be approved this year. "Hopefully, some (oil contracts) could already be approved this year," Mr Ginanjar said. Ministers and officials from Indonesia and Australia85 words
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Article70 1991-02-09 6 THE NUMBER of overseas Vietnamese from the US, Canada, Australia and Western Europe visiting their homeland rose by almost a third in 1990. About 40,000 overseas Vietnamese visited Vietnam last year, an increase of 30 per cent over the previous year. They brought in US$5O70 words
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Article243 1991-02-09 6 MBT MALAYSIA has tentatively secured its third market for liquefied natural gas (LNG) Taiwan. A letter of intent was signed between Malaysian LNG (MLNG) and the Chinese Petroleum Corp (CPC) last month. CPC will buy 2.25 million tonnes of LNG annually commencing 1995. TheMBT - 243 words
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Article, Illustration441 1991-02-09 6 THE CENTRE of gravity of the Hongkong hotel sector is moving downmarket. According to the South China Morning Post, experts say mid-range hotels will offer the best opportunities in the next two years. "It's a two-tier market," said Mr Chris Radford, director of441 words
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239 1991-02-09 6 THAILAND'S leisure industry has begun to feel the pinch of the Gulf War as most leading hotels in Bangkok arc reporting a sharp fall in occupancy during this high season, according to a report in The Nation. Rudigcr Hollweg, executive assistant manager of Dusit239 words
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344 1991-02-09 6 HONGKONG'S industrial property market is in for a rough year, according to the South China Morning Post. Jones Lang Wootton, the territory's largest real estate firm, said in its Hongkong Industrial Property Review 1991 that the market will suffer in areas with too great344 words
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Article, Illustration609 1991-02-09 6 Vietnam's Ban Yen where capitalism is alive Reuter CAPITALISM is alive and well in the village of Ban Yen populated by Black Thais from communist Vietnam's ethnic minorities, tucked away in the rugged northwest mountains close to the border with Laos. Black Thai, White Thai so called because of theirReuter - 609 words
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597 1991-02-09 6 Reuter INDONESIA'S tax collcctors say they will confiscatc the land and assets of evaders, but sccptics doubt the tough talk will be backed by action. "Really, they are just tipping the stakes, trying to bring non-payers, especially landowners, out of the woodwork," said a taxReuter - 597 words
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595 1991-02-09 6 Reuter VIETNAM'S emerging garment industry is looking for new Western customers as it struggles to overcome the loss of markets in the Soviet Union and Eastern Europe. Industry sources in Hanoi say garments could become a big foreign exchange earner for the country, butReuter - 595 words
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THE WORLD
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433 1991-02-09 7 IHT CHIEF executives of more than 75 of the world's largest corporations released a joint plea in Paris on Thursday for governments to restart serious bargaining under the Uruguay Round of global trade talks. The appeal, organised by the International C hamberIHT - 433 words
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341 1991-02-09 7 Reuter CANADA'S main interest in joining United States-Mexico free trade talks is to protect the gains in its existing free trade pact with Washington, economists said. "Canada has no interest in US-Mexico free trade. They've joined in to see the deal doesn't screwReuter - 341 words
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235 1991-02-09 7 Reuter MEXICANS are divided over who stands to benefit most from a free-trade accord with the United States and Canada. Proponents say it will boost the trade and investment flows needed to help Mexico emerge from its grinding poverty and underdevelopment. But citics warn thatReuter - 235 words
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Article, Illustration362 1991-02-09 7 Reuter AMERICAN Dcfcncc Secretary Dick Cheney says there is no doubt the Soviet economy is collapsing. He told the Mouse of Representatives Armed Services Committee on Thursday that estimates were that there had been a 2 to 10 per cent contraction in the Soviet economy inReuter - 362 words
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WORLD WATCH
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73 1991-02-09 7 THE EUROPEAN COMMISSION has urged Germany to quicken its dismantling of subsidies to Berlin and the former border regions between cast and west Germany. Leon Brittan, vicc-prcsidcnt of the commission, told top government officials including Finance Minister Thco Waigcl, the EC was not73 words
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Article98 1991-02-09 7 IN THE SIX YEARS before Iraq invaded Kuwait, the US approved US$l.5 billion worth of exports with potential military uses to Iraq, congressional sources said. Some of the licences involved direct exports to Iraq's Ministry of Defence, to the Iraqi Atomic Energy Commission and98 words
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Article62 1991-02-09 7 THE BUSH ADMINISTRATION proposed on Thursday to shrink America's nuclcar bomb-building network, based on projected cuts of 30 to 85 per cent in US nuclcar forces over the next 25 years. The Department of Energy outlined plans that would develop a smaller, more centralised, less62 words
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Article54 1991-02-09 7 MORE THAN 300 former state-owned businesses in eastern Germany were sold in January. Officials at the government agency selling off former communist property said on Thursday that proceeds from the sale of the companies, which include 50 large enterprises, amounted to an investment of US$2754 words
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78 1991-02-09 7 THOUSANDS of British manufacturing workers would lose their jobs in a wave of redundancies that both employers and trade unionists think is inevitable unless the government cuts interest rates soon. "Unless interest rates come down soon, thousands and thousands of jobs are78 words
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Article54 1991-02-09 7 THE SOVIET UNION has agreed to open two Siberian ports for international trade. Transport Ministry officials said yesterday the agreement was reached at two-day shipping talks in Tokyo between Japan and the Soviet Union on Wednesday and Thursday. The Soviet ports to be opened54 words
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Article71 1991-02-09 7 THE EUROPEAN COMMUNITY will sell 200,000 tonnes of butter to the Soviet Union in a bid to cut stocks and boost depressed prices. Butter will probably be sold for a US$ 1 per kg, or four times less than average EC prices. Sources said a71 words
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541 1991-02-09 7 AFP IRAN, capitalising on newfound international prominence because of the war between Iraq and a United States-led alliance, is laying the groundwork for an antiAmerican front once hostilities arc over. Iranian authorities are banking heavily on French and Soviet support in their resistance to theAFP - 541 words
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Article, Illustration38 1991-02-09 7 The Gulf War Saudi soldiers hiking a break for Arabie lea on Thursday as they load Iraqi armoured personnel carriers destroyed during the battle with Saddam I lussein's troops around hhalji38 words
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538 1991-02-09 7 Asahi JAPAN's political right, a i major force within the ruling i Liberal Democratic Party (LDP), is trying to exploit the Gulf War to revive the coun- i try's past militarism, critics < say. < As evidence, they point to the controversial government planAsahi - 538 words
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555 1991-02-09 7 Reuter KUWAIT'S financial systems, torn apart and cast into exile by invading Iraq, face the prospect of a rigorous reshaping as the government turns its thoughts to restoring the plundered economy once war ends. The authorities now have the opportunity to eliminate pastReuter - 555 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4814 1991-02-09 8 Diana Oon - By Diana Oon PROFIT-TAKING ahead of the weekend dampened sentiment slightly in the market yesterday. Many who sat on some profits in the strong run-up in the week preferred to get out rather than hold positions over the weekend, said dealers. There was4,814 words
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Article4016 1991-02-09 9 Main Board l&N 760 t-15 H. 0% Focal Finance- 118 H2 f9.5% Isctan 50* 615 HO H.7% (Hit: 595 HO H.7% Prmw 540 HO H.9% Ssang>ong 50* 267 t 10 f 3.9% S l and Wrts 246 HO M.2% Kcppd Fin 50> 176 HO H6.0%4,016 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4003 1991-02-09 10 Bernama PRE-WEEKEND buying interest in the afternoon session overcame some profit-taking to take share prices in Kuala Lumpur to a steadier close yesterday. However, the KLSE Composite Index shed 0.57 of a point to 518.93 while the Industrials Index was 0.60 of a pointBernama - 4,003 words
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Page 10 Advertisements
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Advertisement65 1991-02-09 10 HERUip] FEBRUARY 1991 \lCf<P 159 7/90 I TOP JOBS FOR 1991 I RAPE: A VICTIM'S ANGER io A jj i FROM EUROPE I or earrings 11,. m. Bl L a 1 f a f a A I b f T i A A hmM j at Newsstands and from your65 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2242 1991-02-09 11 Reuter TOKYO STOC KS ended firmer yesterday, posting their fifth straight day of gains. Brokers said the Nikkei would have risen further yesterday had it not been for position squaring ahead ot a three-day weekend. Hopes for lower rates and growing eonfidence inReuter - 2,242 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2256 1991-02-09 11 Reuter HONGKONG stocks ended firmer in moderate trade yesterday, as recent institutional buying fever spilled over to local individual investors. "A lot of investors had under-rated the market," Percy Au-young, research manager at DBS Securities, said. "Now they see it going up andReuter - 2,256 words
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Page 11 Advertisements
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Advertisement19 1991-02-09 11 Chartpoint, a guide to investing in the stock market. Every Saturday in BT. Innovation Technology in BT on Tuesday19 words
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REGIONAL STOCK MARKETS
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Aussie stocks close moderately lower
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Article827 1991-02-09 12 THE AUSTRALIAN share market yesterday defied the strong downward pressure exerted by a 20-point slide on Wall Street overnight to close only moderately weaker. Brokers said they were optimistic about the market's ability to withstand the offshore slump and a short-lived sell-off in the futures market in the afternoon.827 words
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Article708 1991-02-09 12 BANGKOK stocks yesterday ended higher ii\ heavy trade after a sea-saw session which saw finance issues rally late in the session, brokers said. The SET Index ended 7.92 points higher at 728.36. Trading volume was still substantial at 5.6 billion baht, up 400 million baht over Thursday's volume. "Sharply708 words
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Article609 1991-02-09 12 DESULTORY half-day trade on the Jakarta Stock Exchange yesterday saw the block board at a total standstill and volumes and price movements on the regular board down. The index fell 1.02 points to 381.28. Disappointing results continued to weigh heavily on nickle mine Inco and finance house Ficorinvest. Inco609 words
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Article597 1991-02-09 12 MANILA share prices slipped further on a second day of profit-taking yesterday, but brokers remained confident the Philippine market was on the way up in the medium term as lower oil prices and interest rates relieved pressure on the economy. The Manila Stock Exchange Composite Index closed 15.79 points597 words
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Article375 1991-02-09 12 TAIWAN share prices yesterday ended higher after a day of moderate trading, with dealers saying that some players were preparing to cut back before the Chinese New Year holiday next week. The Weighted Index gained 75.85 points, or 1.7 per cent, to end at 4,460.04 from Thursday's 4,384.19 close.375 words
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Article864 1991-02-09 12 SF.OUL shares yesterday fell for the second consecutive day in thin trade, with the index breaching the 630 level for the first time in 14 days, brokers said. The index ended the day at 628.85, down 5.46 points from Thursday's close. Turnover was thin at 104.6 billion won against864 words
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Article129 1991-02-09 12 NEW ZEALAND share prices eased a little on moderately heavy volume yesterday but brokers said it was an encouragingly small fall, given the S.l per cent rise on Thursday. "It's a good sign," Hendry Hay Mcintosh's Alan Wills said. He said the big positive for the local market129 words
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Article604 1991-02-09 12 (lose P»*fc>ys KHj 8 SYDNEY All Ordinaries Index 1.341.4 1,344.3 -2.9 All Industrials Index 2,104.6 2,108.0 -3.4 All Resources Index 760.9 763.3 -2.4 Turnover (million) 75.25 104.95 -29.7 BANGKOK SET Index 728 36 720.44 *7.92 Turnover (million baht) 5,600 5,200 +400 JAKARTA Composite Index 381.28 382.30 -1.02 MANILA Composite Index604 words
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Page 12 Advertisements
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Advertisement12 1991-02-09 12 losing prices for all markets except l aipei are provided by Telerate12 words
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WORLD STOCK MARKETS
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New York pulls back in heavy trading
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Article, Illustration1097 1991-02-09 13 STOCK PRICES in New York fell on Thursday for the first time in almost a week, but trading remained exceptionally heavy. The Dow Jones Industrial Average lost 20.30 points, to 2,810.64, as many investors switched into lowerpriced stocks or cashed in because prices had moved up so much.1,097 words
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Article, Illustration762 1991-02-09 13 LONDON shares showed narrow gains at midsession yesterday, as early losses were erased. "The market has rallied because selling pressure in the morning was so limited," said one dealer. Dealers said the market was marked lower at the start and drifted in thin trading through most of the morning762 words
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Article264 1991-02-09 13 AFTER a firm performance in recent sessions, Dutch shares yesterday took a breather in early trade. Most shares were a shade lower in line with a weaker bond market, but trading was very thin. The CBS General Tendency Index was 0.3 weaker at 81.4. "I believe the market went264 words
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Article187 1991-02-09 13 FRANKFURT shares opened higher yesterday, reversing a weaker trend on the pre-bourse market which had followed declines on Wall Street and easier German bond prices. Trading volume was low and higher prices partly reflected a lack of material rather than strong buying interest. "There's nothing coming onto the market,"187 words
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Article266 1991-02-09 13 FRENCFI share prices edged up in modest volume in morning trading yesterday as the market paused to digest recent gains. The CAC-40 Index was up 7.62 points or 0.48 per cent to 1,605.84 at 1200 GMT, after falling as low at 1,592.03 in early trade. Volume was a routine266 words
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Article349 1991-02-09 13 SWISS shares opened little changed yesterday with a lower bias in quiet trad- ing. Dealers said pre-weekend profit-taking may send prices lower later in the day. Volume was thinner than on Thursday, traders said. Interest focused on Financials, which profited from slightly lower money market rates. The SMI blue349 words
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Article174 1991-02-09 13 BELGIAN shares opened slightly higher yesterday, led by blue-chip industrials, but there was some profit-taking. Of the 40 shares traded at the start, 19 rose, 17 fell and five were unchanged. Volume was worth 127.5 million francs. Retailer GIB eased 0.7 per cent to 1,080 francs after surging 3.8174 words
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Article419 1991-02-09 13 JOHANNESBURG gold shares extended Thursday's good gains yesterday morning, boosted by a rally in world bullion prices to almost US$37O an ounce on speculative buying overnight, dealers said. However, industrials lost some ground in reaction to steady gains in recent weeks, they said, noting that continued financial rand strength419 words
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Article334 1991-02-09 13 THE TORONTO stock market's bull run slowed on Thursday after a six-day gallop which took it further than it had travelled in the previous three months. Late profit-taking left only a slight rise on the day but the market's main index, led by a boom in cyclical stocks, has334 words
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Article217 1991-02-09 13 ITALIAN share prices eased slightly in relatively light early trade yesterday as the market paused for breath after the gains registered over the past few sessions. The MIB All-Share Index was 0.3 per cent down at 1000 GMT with the underlying trend pointing to a similar loss. Montedison, which217 words
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Article133 1991-02-09 13 Feb 7 CtoM Previous NEW YORK Dow Jones 2.810 64 2.830 94 -20.30 NYSK KinarKi.il 139 04 139.97 -0.93 S I* 501) 356 52 358 07 -1.55 Turnover (million) 292 276.9 FI5.I LONDON Financial rimes 30 1.756.2 1.718.8 +37.4 FTSE 100 2.243.7 2.1948 M8 9 Turnover (million) 585.1 563.4 F2I133 words
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Page 13 Advertisements
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Advertisement5 1991-02-09 13 TECHNOLOGY in BT every Tuesday5 words
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CURRENCY, MONEY & FUTURES MARKETS
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1257 1991-02-09 14 FOREX MARKET REPORTS I AN EARLY morning round of intervention by European central banks supported the US dollar above its latest all-time low against the mark in thin trading vesterday. Traders said the US dollar had been edging1,257 words
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Article396 1991-02-09 14 Cross rates USS SS MS Dm Yen SFr AS NZS IJSS 7115 2.6920 1.4555 128.40 0.5025 ***** 1.2837 1.6598 S$ 0.5843 1.5729 0.8504 0.7502 0.2936 0.7257 0.7500 ***** MS 0.3715 63.58 0.5407 0.4770 0.1867 ***** 0.4769 0.6165 Dm 0.6870 1.1759 1.8495 88.22 0.3453 0.8533 0.8820 1.1403 Yen396 words
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Article537 1991-02-09 14 Interbank rates S$ Offer Overnight 4 1/4 4 J/8 1-month 4 1/2 4 5/8 2-month 4 5/8 4 3/4 V month 4 5/8 4 3/4 Overnight mode: 4-5/8 LS* Bid _OfFcr 7da>s 6 7/16 6 9/16 1 month 6 3/8 6 1/2 2 months 6 9/16 6 11/16537 words
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Article, Illustration258 1991-02-09 14 Reuter FEDERAL RESERVE Board chairman Alan Greenspan said on Thursday the board would prefer that the Commodity Futures Trading Commission or the Securities Exchange Commission have oversight authorities for setting futures margins. But if Congress decides to give the Fed thatReuter - 258 words
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Article1178 1991-02-09 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Mar 91 93.27 9X29 9126 9129 29H ***** 6659 Jun 91 93.38 93.40 93.37 93.40 3000 ***** 7419 Sep 91 93.25 93.28 93.25 93.28 1500 4637 2859 Dec 91 92 93 92.95 92.91 92.94 815 4467 728 Mar1,178 words
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COMMODITIES
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471 1991-02-09 15 Reuter THE CALM with which oil markets hover around US$2O in the first three weeks of the Gulf War masks jitters about how Opec will handle a coming collapse in demand. Predictions of US$l5 a barrel and below, unless Opec slams the brakesReuter - 471 words
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261 1991-02-09 15 Bernama THE REMOVAL of the export tax for rubber would go a long way towards making rubber production more attractive compared to food crops and non-agricultural activities, said Dr Abdul Aziz Abdul Rahman, a Malaysian Institute of Economic Research Visiting Fellow. He told a KualaBernama - 261 words
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826 1991-02-09 15 REPORTS HONGKONG: Gold closed higher yesterday in active trade on Asian short-covering and follow-through activity after the European open, dealers said. "Fresh short-covering interest offset late profit-taking, and prices are likely to firm further towards US$37O if sellers fail to emerge overseas," a dealer826 words
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Article1420 1991-02-09 15 Rubber Feb 8 MS (>•> in tate) S eents/kg Noon (lose I ill I KSS I'ronipt *****/144 50N I4 VOO/I44 OON Inl I KSS Mar 91 145.25/145.75 144 75/145.25 Ins I KSS Apr 14*00/148.50 147 50/148.00 till 2 KSS OP I42.00/I44.00N I42 00/I4400N Int 3 KSS C >P I1,420 words
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Page 15 Advertisements
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Advertisement11 1991-02-09 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Advertisement958 1991-02-09 15 NOTICES IN THi MATTES OF TMK COMPANIES ACT, CAP. 98 AND El THE MATTER OF A TOF ENTERPRISES FTC LTD (In Voluntary UquMsOon) MEMBER* VOLUNTARY WMDINO-UF At an Extraordinary Oeneral Meeting o« the abovenamed Company deemed to be hid on Friday. 8 February 1981, the following Special Reeoiutions were passed958 words
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Article, Illustration406 1991-02-09 16 Shoeb Kagda - By Shoeb Kagda THE creation of a new Singapore, where every citizen makes it his responsibility to care for the upkeep of the country and offers suggestions to problems that crop up is one of the goals of the government under Prime406 words
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250 1991-02-09 16 MENDAKI will take up Prime Minister Goh Chok Tong's call to work together, and it "will walk the extra mile and more," Mendaki's chief executive officer Zainul Abidin Rasheed said. He was responding to Mr Goh's proposal that the Malay/Muslim community come up with250 words
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369 1991-02-09 16 AFP LITHUANIAN citizens are preparing to vote in an independent poll today as Soviet authorities step up pressure on the pro-independence government by announcing imminent military manoeuvres. Lithuanian President Vytautas Landsbergis received a letter from the Baltic District military commander. GeneralAFP - 369 words
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266 1991-02-09 16 Reuter FORMER Indian Premier Rajiv Gandhi may soon be ready to attempt a comeback, wresting power from the tiny minority government he now props up, senior members of his Congress Party said in New Delhi yesterday. Mr Gandhi, who has said nothing toReuter - 266 words
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270 1991-02-09 16 Agencies THE Organisation of African Unity (OAU) has called on the international community to maintain sanctions against South Africa despite reforms of the country's apartheid system. A communique issued at the end of a meeting on Thursday of the OAU's Ad Hoc CommitteeAgencies - 270 words
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Page 16 Advertisements
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Advertisement86 1991-02-09 16 CHARTPOINT Every Saturday in Business Times v# «y.-. < t. A j *a C v > 4" V-- v v. w'.. f j** fet** 't r f* i T l > v ~v v. w'- --w f 5 V ■*'*<. >. T i-~ f* *n v *> .vV>* f J*86 words
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Advertisement6 1991-02-09 16 ICHARTPOINTI Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1026 1991-02-09 17 Jaime Ee - Everybody knows how to kiss, but do you know how the kiss came about in the first place? With Valentine's Day around the corner, Jaime Ee conducts her own investigation into the evolution of the kiss, and discovered one thing: if you think your man isn't romantic, imagine1,026 words
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STRAWS IN THE WIND
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Article90 1991-02-09 17 NO year passes without someone compiling a list of what's in and what's out for the year. Here's what Dr John Quinn, resident director of Wardley Investment Services, has come up with: "Nouvelle cuisine is out; Newton Circus is in. Raffles Place is out; Jurong is90 words
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Article54 1991-02-09 17 ACCORDING to Newsweek magazine, Japanese women look for three "highs" when hunting for a man "tall, highlv educated and highly paid Their requirements are a lot less stringent than those of Singapore women who are said to accord priority to the five Cs car, cash, condo, credit cards54 words
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Article86 1991-02-09 17 ITs not uncommon for parents to name their children after some famous personality or other. In one Arab country, parents are rushing to name their children "Saddam". But that's not all. Authorities have just quashed one father's attempt to name his child "Scud", after the missiles86 words
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OPINIONS
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Article, Illustration1376 1991-02-09 18 Melanie Chew - As war rages on in the Gulf, Opinions Page this week paints a possible peace-making scenario and highlights a plea to keep alive other options to war Iran is the only country which can bully the US and Iraq away from war. But what are1,376 words
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95 1991-02-09 18 Jean-Paul Thepaut - LETTERS TO THE EDITOR Jean-Paul Thepaut I REFER to the article, "Seeing Europe on a Shoestring" in the Pursuits page of Executive Lifestyle (BT, Feb 2-3). That building in Paris, where the toilets flush automatically, is not Centre de Georges Pompadour, but Centre95 words
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Article869 1991-02-09 18 S N Vasuki - Peace activists who protest against the Gulf War are not necessarily for Saddam Hussein or 'wet blankets' out to spoil the party. They have, argues S N Vasuki, an important role to play: to remind us and our children that conflict is not inevitable869 words
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351 1991-02-09 18 Basskaran Nair - Basskaran Nair Vice-President, Public Affairs DBS Bank WE refer to the letter "Adjust housing loan interest rates, please" (BT, Feb 2-3), and would like to thank the writer for giving us an opportunity to clarify some points on housing loan rates. We351 words
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SPORTS
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Article, Illustration963 1991-02-09 19 Joseph Durso - Joseph Durso reports on how the Gult War has affected the racing industry Joseph Durso NYT WHEN war broke out in the Middle East about three weeks ago, the eyes ot the horse-racing world were turned on the annual January sale of thoroughbreds at KeenelandNYT - 963 words
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Article, Illustration554 1991-02-09 19 Milan Indoor AP CRISTIANO CARATTI, the new star of Italian tennis, stunned top-seeded Ivan Lendl on Thursday to reach the quarterfinals of the Milan indoor tournament. The unseeded "Caratti Kid" became the first Italian ever to beat Lendl in a Grand Prix event, winning 6-4, 1-6,AP - 554 words
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Article407 1991-02-09 19 AP IN his sixth season on the Senior PGA Tour, Chi Chi Rodriguez figures he has plenty of good years left. "I'm a middle-aged man now," said the 55-year-old Rodriguez. "I'm going to live to be 110 or 120... if I don't get shot by aAP - 407 words
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Article186 1991-02-09 19 Reuter THE International Olympic Committee (IOC) has scrapped plans to set up mobile drug-testing laboratories because of possible legal complications. "The concept of unannounced mobile drug-testing laboratories, or flying labs', crossing frontiers in the fight against doping in sport was a great one," lOCReuter - 186 words
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Article, Illustration468 1991-02-09 19 AP GEORGE STEINBRENNER has sent members of baseball's Executive Council a 500-page report detailing what he considers improprieties in the investigation that led Commissioner Fay Vincent to bar him from running the New York Yankees. The AVh York Daily Ne*s said recently that the reportAP - 468 words
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SIDE LINES
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59 1991-02-09 19 MANCHESTER moved a step nearer winning the British candidature for the 2000 Olympics on Tuesday night when talks aimed at unifying the two London challenges failed. London Olympic 2000 and the London Council for Sport and Rccrcation had been told by the British Olympic Association that59 words
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Article78 1991-02-09 19 SOUTH AFRICA'S decision to repeal the remaining apartheid laws takes it a step closer to the Olympics. Fckrou Ktdanc. chairman of the International Campaign Against Apartheid in Sport, said an International Olympic Committee fact-finding mission to South Africa next month would allow it to assess78 words
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Article106 1991-02-09 19 MICHAEL ANDRETTI, whose father Mario won the World Formula One driver's championship in 1978, got his first taste of F-l on Tuesday as a test driver for McLarenHonda on the Estoril Grand Prix circuit. The 28-year-old American, who has won US$4.5 million (557.7 million) prize106 words
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Article83 1991-02-09 19 THE DENVER Grand Prix either will move out of the city's downtown or be abolished after this summer's running, race officials said on Wednesday, but the city says it will hold promoters to their contract. Civic Centre Park is a poor place for the race83 words
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Article79 1991-02-09 19 BRITISH MEMBERS of Parliament announced a further crackdown on football hooliganism on Tuesday. The plan was delivered in the form of a report by a committee of MPs. but they hope it will soon be enshrined on the statute book. Indeed" the committee consider their 54 recommendations79 words
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Article70 1991-02-09 19 RETIRED BASEBALL great Pete Rose, the US major leagues' all-time hit leader, still expects to make a living from the sport even though he's barred from the Baseball Hall of Fame. Rose goes back on the road next month. With the approval of70 words
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326 1991-02-09 19 AP TIM SIMPSON birdied half the holes he played on Thursday, including a string of five in a row, and moved into a share of the 36-hole lead in the Bob Hope Classic. "Quite unexpected," Simpson said after an 8-un-der-par 64AP - 326 words
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EPICURE
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Article, Illustration695 1991-02-09 20 Quek Swee Peng - Quek Swee Peng on the traditional Lunar New Year salad Quek Swee Peng Accordingly, during the period ot Lunar New Year indulgences, Chinese restaurants are thronged with the gluttony, the traditional and the superstitious eager to toss as much raw fish salad as they tan to encapsulatePicture courtesy of China China - 695 words
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LIFESTYLE 1
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Article, Illustration767 1991-02-09 21 Tan Kee Wee - You know how it feels. You offer your heart to someone, and she refuses it. For those who have heard the dreaded words 'i only like you as a friend". Tan Kee Wee identifies with you. Tan Kee Wee IFELL madly in loveCard from American Greeting Corp - 767 words
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Article803 1991-02-09 21 N K Yong - WINE By N K Yong Last week, i had the good fortune to be invited to dinner by a good friend and noted wine lover who had decided that he could not wait any longer to taste his much-prized Montrachet 1983 by Domaine Romanee-Conti803 words
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Article, Illustration309 1991-02-09 21 Sybil Holloway - BRIDGE By Sybil Holloway IT was a chance for a revenge match for the British ladies, the 1988 Olympic Team silver medalists, when they met the Danish ladies Olympic Champions in round 8 of the 1989 European Bridge Championships which was held in Turku,309 words
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Article, Illustration1091 1991-02-09 22 Neville Stack - The British, whose stiff upper lips have long been known not to buckle under any kind of affection, seem to be discovering the joy of a good social pucker, observes Neville Stack Neville Stack Kissing used to be reserved for consenting adults in private.1,091 words
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Article354 1991-02-09 22 IN SINGAPORE, who kisses who depends on several things: how closely-related you are; how well-travelled you are; and how much TV you watch. The general consensus is, passionate kissing in public is still out, although as Singaporeans become wise to the ways of the West (via travel, overseas354 words
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Article, Illustration455 1991-02-09 22 Jaime Ee - Jaime Ee reviews Kindergarten Cop, which promises some solid performances, not from Arnold Schwarzenneger, of course Jaime Ee THERE ARE a few reasons to go and see Kindergarten Cop. Arnold Schwarzenneger is not one of them. For those of you who think that Schwarzenneger is nothing455 words
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Article, Illustration641 1991-02-09 22 RINGO LIEW - CD Review By RINGO LIEW WYNTON MARSALIS: Tune In Tomorrow This album sees Wynton Marsalis returning to his hometown. New Orleans, where it all began for him and his great love, jazz. Tune In Tomorrow marks the trumpeter's first attempt at putting together a film soundtrack,641 words
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PURSUITS
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Article, Illustration1225 1991-02-09 23 Cassandra How - It's time for the Lunar New Year. Before stuffing your face with pineapple tarts, let Cassandra How fill you in on the not-so-sweet times ahead. Cassandra How HAPPY New Year. According to the geomancy almanac, the year of the Metal Goat began on Feb 4 at1,225 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration791 1991-02-09 24 Loretta McLaughlan - Stock prices rallied when fighting erupted in the Gulf, hut hotel stocks were sadly left behind. And with travellers staying put at home, things do look pretty dismal, says Loretta lYlcLaughlan Loretta McLaughlan IF you have been following the Singapore's stock market's war rally791 words
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Article, Illustration373 1991-02-09 24 Goola Warden - CHART By Goola Warden IN THE PAST 20 years, the Coppock has given eight buy and seven sell signals. The Coppock is the 10-month weighted moving average of a 12-month momentum indicator of the monthly average values of the index. The advance of the Coppock after anSource: OUB Securities - 373 words
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571 1991-02-09 24 Quak Hiang Whai - By Quak Hiang Whai OIL PRICES and interest rates will plunge near or after the end of the Gulf war, setting off a euphoric rally in the credit and stock markets, according to Wardley Investment Services' resident director John Quinn. In571 words
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DON'T QUOTE ME!
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231 1991-02-09 24 WE COULD be wrong, but it looks like Mr Oei Hong Leong might be doing in Hongkong what was done to him in Singapore just a month ago. Reports from the Territory suggest that Hongkong Macau Development (HMD) is undergoing a leadership231 words
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Article145 1991-02-09 24 IF Mr Oci Hong Lcong now finds Hongkong an easier place in which to do business, he is not the only one. Recently a few American magazines have asked whether any city in Asia can take over Hongkong as the region's main finance and business centre145 words
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Article72 1991-02-09 24 A TAIWAN company building a skyscraper in Beijing through a US subsidiary had a bright idea after the Tiananmen Square massacre. Originally planned to be 63 floors, the company has decided to increase the building's height by one level, to 64 floors to commemorate the72 words
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Article42 1991-02-09 24 THE latest Gulf war joke, courtesy of the South China Morning Post: What is the difference between the United States and Kuwait? Answer: Kuwait has a banking system but no country; the US has a country but no banking system.42 words
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Article, Illustration829 1991-02-09 24 Political and economic factors coming to the fore THE Canadian dollar has turned in another respectable performance during the past month. Since early January, the high-yielding currency has been basically stable against the US dollar, trading late last week at just over 86 US cents.829 words
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1044 1991-02-09 25 S N Vasuki - The January effect has struck again. S N Vasuki takes another look at this curious phenomenon S N Vasuki "October is a particularly good month to invest in the stock markets. Other months which are also good are November, December, January, February,1,044 words
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889 1991-02-09 25 Alan Street - Investment-linked insurance policies COVER By Alan Street THE average rate of interest currently earned by life insurance companies in Singapore is around 6 per cent per annum. So long as the interest rate remains above the level that the actuary889 words
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JOBS
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Article, Illustration1317 1991-02-09 26 Elaine Ng - Elaine Ng analyses the complaints of highly qualified professionals, and suggests remedies that organisations can make to keep them happy and on board Elaine Ng Elaine Ng is a senior consultant with Corporate Resources Group. Singapore, a compensation and employee benefits consultancy They are the1,317 words
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Article, Illustration565 1991-02-09 26 Steve Lewis - A survey shows that the gap between the starting salaries of male and female graduates in Australia widened last year, reports Steve Lewis Steve Lewis SEXUAL discrimination in Australia widened the gap in starting salaries between male and female university graduates last year. The latest Graduate565 words
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Article, Illustration456 1991-02-09 26 Mr Christopher Fossick and Mrs Ruyee Hon were promoted Directors of Richard Ellis (Ptc) Ltd on Jan I, 1991. Mr Fossick, formerly the General Manager in the Commercial Leasing Agency, joined the company in May 1989. He is now the Director, Special Project Marketing in the Commercial Leasing456 words
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THE TRAVEL PAGE
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Article1069 1991-02-09 27 CHy Flight ETA FNgM ETD A4alaMa SQ228 QF81 1910 2010 QF82 2115 kmmm RJ83 0350 Hwilnilim SQ23 KL837 1345 1505 KL838 SQ24 2150 2215 [22* OA471 0015 Auckland NZ21 SQ338 BA12 1720 2030 2155 NZ22 1830 Bakrata Gf 148 0915 Bandar Sari BI421 SQ181 B1429 11051,069 words
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Article, Illustration612 1991-02-09 27 Todd Lewan - LETTER FROM BRAZIL By Todd Lewan IT'S Carnival time in Rio, and revellers arc poking fun at just about everyone, including Saddam Hussein. Party masks of the Iraqi leader arc a big hit this Carnival season, as arc fake gas masks and612 words
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Article146 1991-02-09 27 As at 3pm yesterday: I,ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.326 1.346 Canadian dollar 1.463 1.483 NZ dollar 1.020 1.060 Sterling pound 3.390 3.470 US dollar 1.7070 1.7230 l>ocal dollars to 100 units of foreign currency Austrian schilling 16.50 17.50146 words
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Article84 1991-02-09 27 Duration Title Venue Organiser Te| Durafon Title Venue Organiser Tel Feb 7-12 International Valencia. Fcna Muestrario ********** Water Fair Toy Fair Spain International Feb 27- I'hoto. Cine and Zurich, Zuspa *****5055 l)c Valencia March 4 Video Exhibition Switzerland Feb 9-17 International Hamburg Hamburg Mcssc *****569-0 in Zurich84 words
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TIME OFF
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Article116 1991-02-09 28 SSO Familiar Favourites Broadway Meets West End. Conductor: Lim Yau. A programme of music from some of the best-known Broadway musicals of yesteryear and some of the latest hits from London's West End. Victoria Concert Hall, Today at 8.15pm. Kimp's Jig A one-man show by Chris Harris based on116 words
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Article, Illustration382 1991-02-09 28 Town Squares of Europe. This exhibition traces the history and development of the town square from antiquity to the 20th Century through a unique collection of photographs and water colour plans. The Mandarin Singapore, 4th Floor Foyer. Until Feb 11 at Ioam-Bpm daily. Admission: Free Photo Play Over 70382 words
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Article, Illustration637 1991-02-09 28 Armour of God II: Operation Condor. Jackie Chan risks breaking his coconut yet again in this Mandarin movie which boasts some excellent stunts. Dalit. Empress, Hollywood, Jubilee, Jurong, Krela Ayer, l.iwagu. Mandarin. Marina I, Marina 2, Plaza, Republic 3. Savoy 2, Toa Payoh, Woodlands 2. Child's Play 2. And637 words
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Page 17 Advertisements
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Advertisement19 1991-02-09 17 The Brits are kissing, EL 6 Smooching, Singapore-style, EL 6 •Be my Valentine, be my best friend, EL 519 words
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Advertisement280 1991-02-09 17 ansa Today, one watch reigns supreme. ■k^HH V i 7>„., lassu al automat* wnstuuhb. the I'lVpetual Calendar and the Dual Time indicating two separate time zones uith one automatic hi .11mmf tlllustratedfiom left to nyhti RA I4UH+ (Kt2 RA 25Crf 7 '002 and RA *****/002 For those who will not280 words
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Page 18 Advertisements
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Advertisement57 1991-02-09 18 3P^ |Hi 1 HRP /3E2Gp k£| nH®Tj „#IHL-VE? Ua/Tiii B^r Q^ ETIENNE AIGNER SHOPS #01 -03/04 D«tflOrchardT«l: *****00 #01 -02 ShowControTol: *****41 #01-20 gt| S3= Scott* Shopping Contro T«l: *****42 #81-08 Ratal. RonaUsonco Tol: ******4 #01 -368 Tho Parogon T#4: *****39. gS DEPT STORES Doimaru lietan (Wumo) Metro (Mormo Square)57 words
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Advertisement24 1991-02-09 18 BT welcomes letters from you. Address them to: The Editor, Business Times, 390 Kim Seng Road. Spore 0923. Letters should include your contact numbers.24 words
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Page 18 Miscellaneous
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Miscellaneous35 1991-02-09 18 DOONESBURY by garry trudeau f£Y A mueWSHBU. RATS L 66 IS 10R5 UP f H S- C rt 1 if PUTH,M la**™? to PRemGoop.Hzmseep BABY WHAT N (jfc OUT WHEN THBY PUT I SCALPEL! j35 words
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Page 20 Advertisements
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Advertisement860 1991-02-09 20 WHERE TO WINE. DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE ■liikiik iw GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 5.00 PM. i HAPPY HOURS DJ MUSIC: 5.00 PM TO 8.30 PM. r BAND PERFORMS FROM 9.00 PM TO860 words
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Advertisement291 1991-02-09 20 J (Cat With over 60 world seeing you again' renowned dishes from European Buffet Lunch 12 nations, you're going February 1— 28 to need more than one Noon 2.30 pm visit to savour all of Adult: $36+ Europe's finest We'll be Child below 10 $18+ We serve the world to291 words
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Page 21 Advertisements
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Advertisement266 1991-02-09 21 AND ENTEBTAIN Brunch Is A Family Affair Every Sunday. SUNDAY >■■£<>• I brunch: oBl• iavi flHf «9kT aKu AI>ULTS Jnw *^"53,00. (-HILDRKN Every Sunday, Hubertus Grill becomes the venue tor a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and children. il ANA HOTEL266 words
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Advertisement45 1991-02-09 21 SOCIETE CIVILE DU DOMAINE DE LA ROMANEE-CONTI esmm PROPRIETAIRE A VOSNE-ROMANEE (COTE-D'OR) PRODUCE OF FRANCE RO MIAN E i p©INTII APPELLATION CONTROLS E N2 L'ASSOCI£ GERANT E 1970 ff. dw e.9i fei//e/ site r/omrtittes I he famed Romanee-Conti menus are designed around wines like fliese45 words
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Advertisement7 1991-02-09 21 TECHNOLOGY in Business Times every Tuesday mmJ7 words
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Page 25 Advertisements
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Advertisement8 1991-02-09 25 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF BOSINESS TRENDS8 words
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Advertisement754 1991-02-09 25 7^. r ■r-..: -w. ;i%''"■ v 'i' ''jp'' :^-|fjj|| /J \J~Jr GOOD FORTUNE PROSPERITY /S%v dep^ s,tw,th LEONG FINANCE SINGAPORE FINANCE jT HOME ONE OR MORE OF MORE FREE GIFTS 4408 ITEMS I I2«d» I fcmrt, phii jps gift ITEMS* WW Better More Prizes In Our Grand Luckv Drau SSl.mi754 words
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Page 26 Advertisements
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Advertisement148 1991-02-09 26 DHL IN THE NEWS Advertisement DHL SPANS THE WORLD DHL was started in pany with a global network network, DHL is helping the United States in 1969 of over 1,344 offices serv- companies to improve their by three men Dalsey, ing 55,000 communities in productivity and distribuHillblom and Lind who148 words
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Page 27 Advertisements
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Advertisement113 1991-02-09 27 I 8364 c CVEMMO ITAMOAWO CO. LTD.. IM3-IWI I NEWS FLASH IT MIGHT SURPRISE you to know that Shipping Times is the most well-read paper in the transport industry. Everyday it brings you: Bunker Reports, Shipping Agents List, Freight Rates and a guide to port of calls of major shipping113 words
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Page 27 Miscellaneous
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Miscellaneous135 1991-02-09 27 ag^in 24 Joggers in vcrse(9) 26 Maurice Knight(9) 7 Changeability in degree 25 Solid construction of im--27 What the film is about(s) of thickness(l3) ages(s) 28 Unprotected with a team 8 Key an arsonist needs'.'(B) of attackcrs( 11) 9 Undertake to admit one's YESTERDAY'S SOLUTION DOWN guil>(6 7> ■■■■IPII 15135 words
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Miscellaneous174 1991-02-09 27 World forecast Asia-Pacific Hi/Lo* Good. Auckland 22/17 Fair Bangkok 34/23 Fair Beijing 04/-5 Cloudy Brunei 30/24 Fair Hongkong 20/16 Cloudy Jakarta. 30/23 Showers Kuala Lumpur 31/24 Showers Manila 31/24 Fair Melbourne 24/15 Sunny Perth 31/22 Cloudy Seoul 04/-4 Fair Sydney 25/17 Sunny Taipei... —....21/16 Windy Tokyo 09/01 Cloudy Wellington 23/15174 words
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Miscellaneous41 1991-02-09 27 PiNy >00 eup \S>* t He. used *TG m&K >N J-TT* -r~ JI-r ND *UTRKC NOU POOND 1 WOULDN'T V OUR PvjSUC R£\_Pfl\<>»S! TvAiS TtCXCX IS "TV»£ e>RCX ThRP\SU Nou SPW? ■> r ooTqf \»m YTneuvirOG DRVUGMTS —1/ 1/ NQ p^gGvxngjns. JNQQTQF41 words
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Page 28 Miscellaneous
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Miscellaneous1687 1991-02-09 28 TODAY'S TV l i NN News (M) 12.30 Documentary Rampil Kenyalang Sua fTli, 3.45pm, SBC Drama PMihan Roda-Ro-Bram and Marsha are a hap- 8.30pm, SBC i euM eu bIZmL* *^a. when takes ate 3 Dari*^ 8^"" Marsha her reports a local Soft- 3.5S Hataman Petanian. husband as she pursues a1,687 words
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Miscellaneous611 1991-02-09 28 MOVIES ON TV The Stranger, Won, 10.30pm, weak-minded are advised not SBC 12 to try this with your houseOrson Welles is a nasty Nazi chichak. war criminal who escapes Tter, 3.30 pm, SBCS and settles down in a nice Connecticut town, until some Sometimes, concerned parannoying persevering federal e ts611 words
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