The Business Times, 2 March 1991
1991-03-02
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The Business Times
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Title Section12 1991-03-02 1 Business Times MCI (P) 16/12/90 Weekend Edition, March 2-3 1991 75 c12 words
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NEWS & MARKETS SUMMARY
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65 1991-03-02 1 THE Soviet Union plans to dismantle the powerful state trading organisations whieh control the country's imports and exports of key commodities, a senior foreign trade official said yesterday. "A government decision is being prepared that will gradually transform the all-union trade organisations into independent65 words
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61 1991-03-02 1 AUSTRALIAN Treasurer Paul Keating said yesterday he expected the Australian economy to recover later this year after a deeper-than-expccted recession. Me told the Economic Society of Australia he anticipated further falls in hank interest rates. "Banks are playing mum on another one per cent somewhere."61 words
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Article36 1991-03-02 1 NEW YORK share prices opened lower yesterday, with the Dow Jones Industrial Average slipping 11.39 points to 2.870.79, five minutes after the opening bell. On Thursday, the Dow closed down 6.93 points at 2,882.18.36 words
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Article40 1991-03-02 1 LONDON share prices were slightly higher at midday yesterday, as investors waited for signs of the market's next direction. At about 1200 GMT, the Financial Times-Stock Exchange 100-share index up 2.6 points, or 0.1 per cent, at 2,383.5.40 words
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Article30 1991-03-02 1 SETRON MALAYSIA'S managing director Haji Abdul Murad Ahmad, embroiled in a boardrtx>m war. increased his stake by 5.8 per cent to IS.SS per cent yesterday Page 330 words
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Article30 1991-03-02 1 SI ME SINGAPORE has reported a 30 per cent drop in net group earnings, attributing the poor performance to uncertainty created by the Gulf crisis Page 330 words
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Article24 1991-03-02 1 THE Federal Deposit Insurance Corp has proposed an 1 1 point plan to bolster the dwindling fund protecting bank deposits Page 424 words
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Article, Illustration30 1991-03-02 1 Friday Change BT-MGA 710.16 -1.55 Kuala Lumpur ...559.51 -2.89 Hongkong 3,552.37 +0.23 Tokyo 25,881.57 -527.65 Sydney 1,396.2 -8.4 Thursday Change New York 2,882.18 -6.93 London 2,380 9 +32.930 words
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Article21 1991-03-02 1 Exchange rates USS SS 1.7320 100 Yen SSI 2911 MS SS0.6354 Money market rates Overnight 4-7/8 1/8 3-month 4-7/8% +3/1621 words
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Article27 1991-03-02 1 London Gold AM fix US$367.45 US$4.45 Rubber S*pore Apr l46.75'/kg +1.25 M'sia Apr 225.50*/kg +0.25 KL Tin Turnover 67 tonnes+ 23 Spot M$ 15.00 /kg -0.0327 words
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Article, Illustration936 1991-03-02 1 Kenneth James - By Kenneth James DECLARING that "the government will continue to provide a conducive environment for business to thrive and prosper". Finance Minister Richard Hu yesterday unveiled a Budget aimed at promoting high-potential industries at home and encouraging local companies to invest and expand overseas. What936 words
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327 1991-03-02 1 I NK LATEST incentive to encourage companies to go overseas is designed to enable them to claim credit on foreign tax paid on overseas income and translate the benefits to shareholders in the form of tax-exempt dividends. The incentive announced by l)r Richard llu comes327 words
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356 1991-03-02 1 Selva Kumar - By Selva Kumar A NEW tax incentive to entice foreign shipowners to set up bases here will take effect next year (Year of Assessment 1992). The Approved International Shipping Enterprise (AIS) scheme announced by Finance Minister Dr Richard Hu yesterday exempts from tax the income of356 words
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Article281 1991-03-02 1 S N Vasuki - By S N Vasuki GENERAL provisions made by banks and merchant banks will be tax deductible from the next tax year. The move is to encourage banks and merchant banks in Singapore to build up their reserves, promote the overall soundness and stability of the financial system,281 words
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Article209 1991-03-02 1 Amy Balan - By Amy Balan APPROVED trust companies can now enjoy the 10 per cent concessionary tax rate already available to approved securities companies and banks for specified trustee services to offshore clients. The incentive announced by Finance Minister Dr Richard Hu yesterday was welcomed by the209 words
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Page 1 Advertisements
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Advertisement136 1991-03-02 1 Nikon The Wbrld's Finest Photographic System. Reactions from businesses, Pg 2 Commentary: A successful nation's Budget, Pg 2 Four-page Budget pull-out, Pgs 9-12 Airrratt Schedule fl 11 Budget 91? Commodities 17 Cryptic Crossword Fl 11 Company News 3 Financial News 4 Futures A Options 16 Gold Prices 16 Home New136 words
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Advertisement132 1991-03-02 1 INikon Th« Utortd'sFinMt Photographic System. The rare perfection of Patek Philippe at The Hour G/ass. M x' relaxed and comfortable you re perof Patek Philippe our customers >r V At Ihe Hour C.Ui»v \<>urr iollector>. treated to the (.harm and in- jL V Which is why we want you to132 words
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HOME NEWS
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Article, Illustration514 1991-03-02 2 Reactions to Budget 1991/92 THE first Budget of the Goh Chok Tong government looks like one for a maturing economy, bland, with surprisingly little of the stimulus anticipated in a year of economic slowdown. This was the view of six businessmen and professionals who took514 words
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Article, Illustration261 1991-03-02 2 NO TENDER was submitted for the restoration and operation of a colonial house at the Botanic Gardens when tenders closed two days ago. In a statement yesterday, the National Parks Board attributed that to the expected economic slowdown in Singapore and elsewhere. The261 words
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Article1002 1991-03-02 2 The one point rise in employers' CPF rate: "It is regretted that, at a time when the government has confirmed that all ettorts should be made to hold down costs of business operations in Singapore, the minister has seen fit to increase the employers' CPF contribution by1,002 words
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Article333 1991-03-02 2 The Finance Minister explains his Budget ANY economic growth bclyond the long-term sustainable range of 4-6 per cent would have to come from overseas sources, with Singapore moving towards GNP rather than GDP, said Finance Minister Richard Hu last night. Fielding questions from a panel on333 words
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Article667 1991-03-02 2 Mano Sabnani - Commentary By Mano Sabnani The writer is the editor of Business Times OUR Parliamentarians showed little sign of excitement as Dr Richard Hu delivered his budget speech yesterday. Likewise, Singaporeans watching him in the "live" television broadcast were also unlikely to have shown strong signs of667 words
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272 1991-03-02 2 NATIONAL carrier Singapore Airlines is expanding its route network with the launch of a thrice-weekly service to the Japanese city of Sendai on Oct 27. An SIA spokesman told BT that the carrier expected to achieve "strong" load factors on272 words
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161 1991-03-02 2 SINGAPORE Telecom and the National University of Singapore (NUS), seeing the benefits of joint research and development (R&D) activities, have extended their cooperation programme for another four years. Both parties have sunk another $500,000 each into a joint seed fund for R&D. The fund was161 words
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Article315 1991-03-02 2 A NEW KIND of club, with no golf course and no swimming pool, has been set up at West Coast. Instead, the focus is on children. Costing several millions, Baytree Club is targeted at families with children aged between two and 15. Expert coaching315 words
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COMPANY NEWS
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251 1991-03-02 3 Elaine Koh - By Elaine Koh THE BOARDROOM war in Setron Malaysia is hotting up with managing director Haji Abdul Murad Ahmad upping his stake by 5.8 per cent to 18.85 per cent yesterday. Setron's board had been trying to oust Haji Murad from251 words
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Article127 1991-03-02 3 PENDING their court trial, Haw Par Brothers International will continue to work with the Jack Chia group of companies to promote Tiger Balm under the current joint venture which expires this year. In a statement released yesterday, Haw Par Brothers International said that127 words
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332 1991-03-02 3 Lee Han Shih - It has agreed to take up $120 m minority share By Lee Han Shih SHANGRI-LA HOTEL is again on the well-trodden path and has agreed to take up a $120 million minority stake in a venture initiated by its parent, the Kuok group. The venture332 words
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265 1991-03-02 3 Diana Oon - By Diana Oon THE DIRECTORS of GP Batteries International Ltd yesterday announced the basis of allotment for its public offer, saying they had favoured the small investor. Successful applications for 1,000 shares account for 42.2 per cent of the public issue size. Two out of265 words
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Article, Illustration305 1991-03-02 3 NIBHAT Bhukkanasut, chairman of the Stock Exchange of Thailand, said attempts to investigate the stock investment of some Cabinet members through brokers might undermine investor confidence in the country's volatile market, The Nation reported on Thursday. His comment followed an earlier announcement305 words
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291 1991-03-02 3 FT BECHTEL Corporation of San Francisco has won the contract to rebuild Kuwait's petroleum facilities. The engineering and construction company said it had signed a letter of intent for project management with the Kuwait Petroleum Company. Petroleum experts believe the cost of rebuilding Kuwait'sFT - 291 words
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Article, Illustration317 1991-03-02 3 Profits down by 36 per cent last year Reuter IMPERIAL Chemical Industries pic, Britain's biggest manufacturing company and a bellwether of the country's industrial health, has embarked on a strategic shake-up prompted by a 36 per cent slump in profits last year. ICI onReuter - 317 words
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332 1991-03-02 3 Magdalene Ng - By Magdalene Ng SI ME Singapore, the locallylisted arm of the Sime Darby conglomerate, has turned in a disappointing set of interim results with a 30 per cent drop in net group earnings. The first member in the Sime stable to announce its half-year results,332 words
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COMPANY BRIERS
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81 1991-03-02 3 RJ REYNOLDS Bhd, the Malaysian unit of RJR Nabisco Holdings Corp, gained a hefty premium of M 52.56 (551.62) when it started trading on the KLSE yesterday. Its shares opened at M 54.00 against its offer price of $2.30 before surging to $4.7081 words
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Article121 1991-03-02 3 KFC HOLDINGS (Malaysia) Bhd has chalked up a group pre-tax profit of M$ 16.01 million (5510.2 million) for the year ended Dec 31, 1990, up sharply from M 53.68 million in the previous year. The company said that the results had exceeded the forecast profit by121 words
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Article85 1991-03-02 3 THE Dutch electronics giant NV Philips Gloeilampenfabrieken Thursday posted a 4.24 billion guilder (554.26 billion) loss for 1990 but said it expected to be out of the red by late this year. The dramatic loss contrasted sharply with last year's net profit of 1.374 billion guilders,85 words
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73 1991-03-02 3 FOREIGN firms can expect to list their stocks on the South Korean Stock Exchange sometime during the first half of the *****, Yonhap ne*s agency, quoting a report from the Korea Stock Exchange, reported. The report said the timing would be in tandem with a73 words
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Article728 1991-03-02 3 Prices (as at 28.191) Conversion terma (dtecounq P r nou Optional** using Company Issued Wrts S*"'* Ln r T ..I TT Gearing (munits) Coftv price »{gj Cash Clash 1 Ins*' Data MJm ratio vahM S C&CWt 37.5 1.660 4 360 1.00 3.09 9 2.63 26.4.93 26728 words
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Page 3 Advertisements
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Advertisement161 1991-03-02 3 NOTICES FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS Extra Risk Surcharges Further to the announcement on 21 February 1991 the member Lines have reviewed the position for Gulf/Red Sea area and have agreed to the following revised levels with effect from 2 March 1991: Aqaba161 words
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FINANCIAL NEWS
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SMALL CHANGE
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90 1991-03-02 4 BRITAIN'S biggest bank, Barclays pic, on Thursday announced a 10 per cent rise in 1990 pre-tax profits which pleased the stock market but demonstrated that its costs are still rising faster than income. The prospect also remained of more large provisions for90 words
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Article70 1991-03-02 4 WESTPAC Banking Corp Ltd is still interested in buying New Zealand's largest building society, the Southland Building and Investment Society, despite society members voting against a sale, Westpac's general manager in New Zealand George Stoopin said. However, he said it was up to the society70 words
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Article64 1991-03-02 4 CITICORP expects its cash basis for non-performing commercial loans to increase by US$9OO million (S$ 1,560 million) to US$l.l billion in the first quarter, a spokeswoman for the company said. The rise in non-performing commercial loans would be about equal to increases that Citicorp had64 words
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Article27 1991-03-02 4 SUMITOMO Trust Banking has started offering a commodity investment fund. Managed Futures Trust Fund 1, to Japanese institutional investors, a company spokesman said.27 words
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Article, Illustration414 1991-03-02 4 AP US FEDERAL Deposit Insurance Corp (FDIC) chairman L William Scidman proposed an 11-point plan on Thursday to bolster the dwindling fund protecting bank deposits, including authority to borrow US$2O billion (Ss3s billion) from taxpayers. The agency currently finances itself through insurance premiumsAP - 414 words
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189 1991-03-02 4 ELEVEN of the 12 executives of the Kuwait Investment Office (KIO), which handles about one third of the Emirate's US$lOO-billion (S$ 173 billion) foreign assets, have apparently returned to their posts, the Financial Times reported on Thursday. In a separate development, the189 words
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274 1991-03-02 4 FEES charged by Hongkong's Sccuritics and Futures Commission (SFC) arc to be increased across the board in line with a policy that users arc to pay an appropriate amount for its services, the South China Morning Post reported. The increases, which have274 words
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173 1991-03-02 4 NYT THE SPANISH Treasury, quickly following the Bank of England's half percentage point base rate cut on Wednesday, made what analysts called "more than modest" cuts in interest rates on its treasury bills and thrccand five-year bonds on Thursday. Analysts said theNYT - 173 words
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SHIPS IN PORT
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Article432 1991-03-02 4 Vasal Vey W» Brti km* Pyartat *wwl V* Pgittw Keppd Wharves Ball Indah BA08 M1B 02 03/0900 0203/2300 Cora Pcess 009 (P) K29 alor*s*Je 0103/1800 Johan 104A91 M3A 0103/2330 0303/1200 Kamateverett 6 W K30 ak>i*side 01.03/1200 Johan 3 303/91 M4A 0103/1530 02 03/0700 Kota Bahti E 886432 words
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Article1409 1991-03-02 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booknj/Balance Rdts SMp Voy No Etb/Btr Period From To From Aka Bhwn 469N 03/0645 2 01/1700 02/0659 02/0900 3 02/0700 02/1159 02/1400 Al Waiba 57 03/0700 1 01/1500 01/1659 01/1900 2 C3ncdted 3 02/0700 02/1159 02/1400 Ah Triumph *****1,409 words
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Page 4 Miscellaneous
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Miscellaneous18 1991-03-02 4 Dollar$ Non$en$e #5 <iV\ 11 j^SLrU -L "Wow, I had no idea they gave a Nobel for panhandling."18 words
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THE REGION/THE WORLD
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Article, Illustration328 1991-03-02 5 Delors warns countries persistently objecting to terms of plan AFP MALCONTENTS within the European Community might be excluded from monetary union within the community, Jacques Delors, president of the EC's executive commission, said in Brussels on Thursday. In an address to theAFP - 328 words
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Article284 1991-03-02 5 AFP THE European Community needed "evidence of a real change in Japanese thinking and Japanese practices", the European Commission's vice-president, Leon Brittan, said in Tokyo on Thursday. "We need to be able to demonstrate... to Europe that our trading relationship with Japan is oneAFP - 284 words
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422 1991-03-02 5 Austerity package includes freezing civil servants' pay AFP FT INDONESIA'S parliament has approved a government austerity budget that freezes civil servants' pay but allows an 18 per cent increase in total spending. Officials said yesterday the four factions of the House of Representatives on Thursday unanimouslyAFP; FT - 422 words
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461 1991-03-02 5 Reuter TRADE and investment among Asian and Pacific countries have grown rapidly but any proposal to set up a regional free trade bloc may be too ambitious, says the deputy governor of Australia's central bank. "Seeking to establish a broadly based Asian Pacific tradeReuter - 461 words
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WORLD WATCH
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86 1991-03-02 5 TIIK EUROPEAN COMMISSION unveiled on Thursday a far-reaehing formal plan for a binding eommon foreign and security policy which would restrict EC member states' ability to conduct their own affairs. The proposal by the EC executive. written in formal EC treaty language, envisages dragging member86 words
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Article60 1991-03-02 5 EOIJR MEMBERS of Indonesia's independent labour union were arrested after 250 workers took a protest over pay and conditions to parliament in the new group's first public demonstration. "We took them in for preventive questioning." said a policcman. "Our research and intelligence division have to keep60 words
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Article83 1991-03-02 5 THE GEORGIAN PARLIAMENT voted on Thursday to hold a referendum next month on the independence of the Soviet republic and reiterated its refusal to take part in a nationwide poll on the future of the Soviet Union. The Georgian referendum has been scheduled for March 31, two83 words
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Article63 1991-03-02 5 JAPAN had a deficit of US$33 million (about Sss6 million) in the current account in January, the Finance Ministry said in a preliminary report yesterday. Its trade account in the month ended in surplus of US$3 billion with exports jumping 18.2 per ccnt from the year63 words
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Article96 1991-03-02 5 LAWMAKERS say they intend to challenge the Bush Administration's plans to negotiate a free-trade agreement with Mexico, while a business-sponsored study concludcs the accord is a "win-win" proposition. The study, sponsored by US corporations with an interest in Mexico, concluded that a free-trade agreement would stimulate96 words
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Article50 1991-03-02 5 THE SRI LANKAN GOVERNMENT will shortly decidc the future of the casinos that have mushroomed in the country. A Cabinet committee headed by Prime Minister Dingiri lianda Wijetunga is studying the issue and is expeeted to recommend piilicy within two weeks on the lucrative casino business.50 words
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262 1991-03-02 5 ALL EYES arc now on the respectable personalities who have been picked by Thailand's military junta for the so-callcd Economic Authority and other potential outside candidates with economic background, according to The Nation. Last Monday, General Suchinda Kraprayoon, deputy leader of the262 words
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Article, Illustration729 1991-03-02 5 The Gulf after the War THE EJECTION of Iraq from Kuwait has been carried out under the banner of defending the new international order. But as the ceasefire is established on the ground, this noble-sounding justification will be matched by hard-headedReuter picture - 729 words
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192 1991-03-02 5 Reuter GLOBAL airline traffic fell 12 per cent in January, resulting in US$l billion in losses for carriers and clouding the industry's outlook for the year, the International Air Transport Association (lATA) said on Thursday. Airlines cancelled 15.4(H) flights in JanuaryReuter - 192 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4139 1991-03-02 6 Lilian Ang - By Lilian Ang SHARE PRICES closed generally lower yesterday though the Straits Times Industrials Index edged up slightly, propped up by gains in its component stocks. Brokers said cautious investors were anxious to take profits on recent sharp gains, wary of surprises in4,139 words
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Article4228 1991-03-02 7 Main Board Isetan >0* 765 f 45 6.2% OlIF 750 3.4% \p.>llo 214 23 t 10 9% SlandWrts 326 f22 7.2% VMS 270 21 8.4% CK lang 374 t 20 5.6% Sea Vk* 470 t 16 3.5% keppel Corpn 710 fl5 2.2% Spoce land 6604,228 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4162 1991-03-02 8 Bernama KUALA LUMPUR share prices closed lower yesterday after drifting downwards in a day in which trading activity was dampened by heavy scrip delivery following the high volumes of recent days. The KLSE Composite Index closed 2.89 points lower at 559.51 while the Industrials IndexBernama - 4,162 words
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Page 8 Advertisements
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Advertisement117 1991-03-02 8 NEWS TRAVELS pP^ I y<yp3j^^^MMg. I ALL ADVERTISING MESSAGES are effective. To varying degrees. In Singapore, when you want to reach out to a select target audience in the transport industry only one daily otters you the advantage ot maximum reach at minimum costs. And that's Shipping Times. Everyday Shipping117 words
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BUDGET 1991/92
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Article, Illustration585 1991-03-02 9 Kenneth James - By Kenneth James GOVERNMENT spending is slated to rise sharply in FY9I to $15.8 billion, a 15 per cent jump, but this should be easily financed by revenues expected to cross the 17-billion mark this coming fiscal year. As usual, the lion's share of spending585 words
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Article291 1991-03-02 9 Expenditure 3. lpc less than expected THE GOVERNMENT'S spending of $13.7 billion in FY9O was 3.1 per cent less than it budgeted for, mainly because development expenditures were lower than expected. Overall recurrent expenditure at $9.7 billion was pretty much on target, being just 1.9291 words
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Article628 1991-03-02 10 Anna Teo - Performance monitoring a key aspect of budget control By Anna Teo THE COLLECTIVE agreement lodged with the Ministry of Labour should, as the track record goes, be in and out within half a day. The Industrial Arbitration Department expects to take an average of four-and-a-half hours to628 words
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184 1991-03-02 10 THE NEW Ministry of Information the Arts will bear the highest proportion of headquarters cost, relative to its total outlay, this year. About 22 per cent of its total costs accrue to the HQ. In contrast, HQ-adminis-tered programmes make up barely one per cent184 words
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Article106 1991-03-02 10 HQ cost as of Ministry recurrent expenditure* Ministry Number of _1_ Indicators Estimated Projected FY*90 FV91 Communications 13. 18.2 17.5 flK Community fffl Development 23 12.0 11.6 w Education 28 8.4 8.6 Environment 17 3.4 3.4 Finance 52 0.7 0.6 Health 30 2.6 2.9 Home Affairs106 words
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235 1991-03-02 10 TO TRACK costs accuratcly under the new management accounting systems, new financial systems will have to be introduced to supplement the government's cash basis of accounting, said Finance Minister Richard Hu in his Budget speech yesterday. A Fixed Assets System, acronymed FAST,235 words
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Article, Illustration344 1991-03-02 10 HOW MUCH it costs the government to put a child through the various stages of education is the dominant indicator of the Ministry of Education. For FY9I, the average cost per primary school pupil is projected to be $2,170, while each secondary school student will cost $3,165, and344 words
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1207 1991-03-02 11 Chuang Peck Ming - By Chuang Peck Ming THE GOH Chok Tong government says it wants to build a healthy and vibrant society in Singapore. Its words will soon be matched by deeds. In its first Budget, presented yesterday, the Cioh government allocated the biggest share one-third1,207 words
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Article, Illustration1618 1991-03-02 12 The Budget book each year is a mine of information. Here we unearth some gems. Bonus land revenue THE buoyant economy and real estate market last year meant land sales reaped the government nearly $1 billion more than it had expected. The government had estimated capital receipts of1,618 words
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Page 9 Advertisements
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Advertisement596 1991-03-02 9 Computers and Communications Whatever the size of your company. to 10 different messages can De sent to the NEC has a range of advanced telephone calling party through the 16-dlgit LCD display. systems to suit your needs. These systems And anytime, any number of people can use incorporate flexible communication596 words
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Page 10 Advertisements
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Advertisement29 1991-03-02 10 IV *m i 4 7 II V %R n I *H' r; *53EBp%mM ■l \WMkV. L >A .ij|/ I 1~. ;-„r wL^ Put Youk Most Valuable Investment On Ice.29 words
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Page 11 Advertisements
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Advertisement106 1991-03-02 11 A mark of distinction m v /J**?' jja wt %t The dragon, a symbol of authority and good fortune. appears on many Chinese artifacts. j p uaiki*pu' k e pu,s 1 NOTHING SAYS the pou er of the dragon J AS MUCH AS GOLD. F|pP clear mark of I distinction.106 words
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Page 12 Advertisements
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Advertisement200 1991-03-02 12 Computers and Conmurocators A p^^SBteB^SBfciNi.» w(SmSL tMfcfefli Yesterday, today and tomorrow, NEC stands at the summit of unsurpassed excellence ...the world over. NEC, a global leader in C& C (computers and communications! j in our hands today In its commitment to excellence, it is supported by a multi offers a200 words
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Advertisement8 1991-03-02 12 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF BUSINESS TRENDS8 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2238 1991-03-02 13 Reuter TOKYO ST(X'KS ended sharply lower yesterday on disappointment that the end of the (iulf War did not revive Wall Street's rally and on lower bond and stock-index futures prices in Tokyo. Brokers said the market was searching for trading factorsReuter - 2,238 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2420 1991-03-02 13 Reuter HONGKONG share priccs ended marginally higher in active trade yesterday but below a new post-1987 crash high, after profit-taking and the Nikkei's decline pressured the Hang Seng Index. "The market is experiencing a bit of a technical tussle," said John Mulcahy,Reuter - 2,420 words
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Page 13 Advertisements
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Advertisement15 1991-03-02 13 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times15 words
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REGIONAL STOCK MARKETS
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Aussie stocks end lower on banking slide
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Article1634 1991-03-02 14 Australia sa Sc Se A Cents Vol(*00) $j, AC Minerals 65 3 150 ACM Gold 38 1 8940 ANZ Bank 338 19 ***** Aberfoyle 320 5 3612 T Adel Stm 49 unch 1994 Advance Bank 530 20 6 Alcan 138 -2 864 I Amcor 453 3 6105 T Ampol Ex1,634 words
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Article318 1991-03-02 14 BANK SHARE PRICES plunged following the launch of National Australia Bank's record rights issue, dragging the Australian share market to a weaker close yesterday. The banking sector fell 4 per cent compared with a 0.7 per cent fall in the overall market, while NAB shares sank 26 cents to318 words
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Article449 1991-03-02 14 TAIWAN share prices closed lower yesterday after a day of slow trade as slight profit-taking from previous gains pulled the market down, dealers said. The Weighted Index lost 78.04 points, or 1.6 per cent, to close at 4,955.33 from Thursday's 5.033.37 finish. Turnover was NTSS7 billion against NTS7B.9 billion.449 words
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Article831 1991-03-02 14 THE MAIN INDEX of the Stock Exchange of Thailand, buoyed by the ceasefire in the Gulf War and some economic moves by Thailand's new military junta, closed up 2.8 per cent yesterday in heavy trading. The market ended the day at 790.46. up 21.33 points from its close on831 words
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Article598 1991-03-02 14 PHILIPPINE SHARES declined yesterday as investors stayed on the sidelines to take stock of developments after the end of the Gulf War while taking a second look at local economic factors, brokers said. The Manila Stock Exchange Composite Index fell 20.47 points to end at 962.56 against Thursday's close598 words
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Article624 1991-03-02 14 JAKARTA STOCKBROKERS yesterday did little more than look on depressed as funds flew to high-interest bank deposits and trading ground to a halt. "I can't even talk about it. Thank God it is Fridav," said one broker pleased at the market's half-dav weekend closure. Share trading turned sour this624 words
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Article92 1991-03-02 14 Leading New Zealand shares ended the week on a slightly easy note yesterday, as brokers doubted whether Wall Street could hold current levels and following a soft morning on the Australian bourse. "There was not a lot of damage done, although the market looked a bit vulnerable near92 words
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Article68 1991-03-02 14 BOMBAY share prices opened bullish on Thursday on news of the ceasefire in the Gulf, but closed mixed as attention turned to next Monday's interim budget, brokers said. The Bombay Stock Exchange Index rose sharply in early trade to 1,249.36, but it fell back to close at 1,220.41, down68 words
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Article93 1991-03-02 14 INDICES TURNOVER lose Mar 1 Previous SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1.396 2 2.188 3 793.6 133.54 1.404.6 2.215 3 87.31 -8.4 -270 f 4.3 46 23 BANGKOK SKT Index Turnover (million haht) 790 46 5.141 769 13 3.4(0 v 21 33 1.24193 words
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392 1991-03-02 14 In local curreno In SS In I S$ S day S sear S day year das year FEB 2K Index change change change change change change World 403.0 1.0 12.5 0.8 12.1 0.9 13 0 JEAFE 530.3 1.2 12.8 I.I 12.9 1.2 13.8 Europe 410.7392 words
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Page 14 Advertisements
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Advertisement10 1991-03-02 14 The Seoul market was closed yesterday for a public holiday10 words
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WORLD STOCK MARKETS
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Volatile New York market closes mixed
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Article, Illustration1059 1991-03-02 15 THE END of the war is expected to give the US economy a lift, but New York stocks tluctuated wildly again on Thursday, with prices closing mixed as investors moved out of highfliers and into less-favoured stocks. Trading jumped to a strong 223 million shares from 211.4 million1,059 words
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Article, Illustration723 1991-03-02 15 LONDON share priccs rose strongly in very active trading on London's Stock Exchange on Thursday, buoyed by the ceasefire in the Gulf War. But prices gave up some gains by following Wall Street downwards later in the session. The Financial Times-Stock Exchange 100-sharc Index rose 32.9 points, or 1.4723 words
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Article162 1991-03-02 15 THE GULF CEASEFIRE had little net effect on German shares where attention was fixed on domestic issues and the ending of hostilities was seen by many traders as a foregone conclusion. The 30-share DAX Index, up over 12 points at one stage, ended 23.43 points, or 1.5 per cent,162 words
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Article236 1991-03-02 15 FRENCH share priccs posted a new six-month closing high on Thursday, boosted by expectations that French firms were well placed to win lucrative post-war reconstruction contracts in Kuwait. Construction firms showed hefty gains but some analysts said the euphoria could be excessive. "This rise is largely excessive. Even if236 words
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Article111 1991-03-02 15 IN STOCKHOLM, the index of top-16 shares closed up 0.78 per cent on Thursday. Volvo led the bourse's gains, its free-b shares climbing 17 crowns to 280. Dealers said that with Saab-Scania subject to the Investor/Providentia buyout bid, Volvo soon will be the only Swedish vehicle maker directly available111 words
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Article227 1991-03-02 15 DUTCH SHARES ended higher in brisk trade on Thursday after an apparent end to the war in the Gulf and a firmer bond market set a positive tone, dealers said. News that a shareholders' lobby failed to stop the planned merger between NMB Postbank and insurer Na-tionalc-Ncdcrlandcn did not227 words
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Article262 1991-03-02 15 BELGIAN SHARES edged off their day's high at the close on Thursday after an active session with investors returning to the market following the ceasefire in the Gulf. "There was optimism about the coming end of the Gulf war and a possible easing of interest rates," a dealer said.262 words
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Article243 1991-03-02 15 AFTER an initial burst of buying inspired by the overnight news of a Gulf ceasefire, Italian share prices settled to close little changed on Thursday. Volume was below Wednesday's 181 billion lire, brokers said. "Peace was largely discounted," said one broker. The MIB all-share index ended at 1,1 IS,243 words
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Article335 1991-03-02 15 SWISS SHARES closed slightly lower on Thursday but above the day's low in moderate trading as a firmer opening was followed by profit-taking, traders said. The all-share SPI index shed 5.3 points to 1,017.9 while the blue-chip SMI index eased 10.8 to 1,578.7. Shares in Brown Bovcri and cement335 words
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Article398 1991-03-02 15 IN JOHANNESBURG, gold shares held on to their early gains on Thursday afternoon, having built on Wednesday's advance on the combined support of firmer world bullion prices and a weaker financial rand, dealers said. The rest of the market was also firmer, supported by the ceasefire in the gulf398 words
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Article269 1991-03-02 15 TORONTO STOCKS closed near the session's peak on Thursday after gold traders shifted their attention to the political troubles in the USSR from the Gulf and pushed gold shares higher, dealers said. A few cyclical sectors also extended their upswing started earlier this month. The Composite Index jumped 17.31269 words
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Article103 1991-03-02 15 INDICES TURNOVER NEW YORK (l<MC I'roHHn K-b 28 IXm Jones NYSK l in.iiKi.il S& 1' 500 turnover (million) 2.882 18 142 53 ***** 223 2.889 II 141 86 367 74 211.4 -693 f0.67 -067 1-11.6 LONDON KinaiKi.il 1 imo 10 Krst 100 Turnover (million) 1.910.7 2.380') 8289 1.8778 2.348 0103 words
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Article45 1991-03-02 15 Vienna l-cb 28 Asch A kg Holding 3850 50 E. Allgcm (I'rcO 3600 unch Jungbun/1 9400 200 Lacndcibank (Prof) 603 +13 Ixwing 1502 +2 I.okam 476 -I Montana (X*slerr. Ilrau 4100 +40 Scmpcrit 124 +3 Stcyr .398 +13 Vcitschcr 755 f 8 Source: Austrian Laenderbank45 words
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CURRENCY, MONEY & FUTURES MARKETS
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Article, Illustration478 1991-03-02 16 DBS Bank weekly currency review DESPITE overbought conditions in the daily stochastics, the US dollar closed above 1.5000 last Friday and reached the First target of 1.5300 on Tuesday. The failure to breach 1.5300 on Wednesday resulted in the formation of a bearish divergence in478 words
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Article397 1991-03-02 16 Crass rates m*_i USS SS MS Dm Yen SFr AS NZS USS 1.7300 2.7250 1.5260 133.25 0.5234 1.3240 1.2698 1.6667 SS 0.5780 1.5751 0.8821 0.7702 0.3026 0.7653 0.7340 0.9634 MS 0.3670 63.49 0.5600 0.4890 0.1921 ***** 0.4660 0.6116 Dm 0.6553 1.1337 1.7857 87.32 0.3430 0.8676 0.8321 1.0922397 words
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Article563 1991-03-02 16 Interbank rates SS Kid Offer Overnight 4 7/8 5 1-month 4 3/4 4 7/8 2-month 4 3/4 4 7/8 3-month 4 3/4 4 7/8 Overnight mode: 4-7/8 l/SS Bid Offer 7 days 6 1/2 6 5/8 1 month 16 15/16 7 1/16 2 months 6 7/8 3 months563 words
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677 1991-03-02 16 FOREX MARKET REPORTS THE US dollar rallied against other currencies in London yesterday. It opened above 1.53 marks in Europe for the first time in six weeks as currency dealers believed the US economy would gain most from peace in the Gulf. Gold continued to677 words
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Article1255 1991-03-02 16 SIMEX Open High Low Sett Est Vol Op/Int Vol Mar 91 93 12 93.12 93.04 93.05 6000 ***** 1641 Jun 91 93.22 93.22 93.15 93.16 ***** ***** 5681 Sep 91 93.01 93.02 92.92 92.94 7000 5831 925 Dec 91 92.60 92.61 92.51 92.54 1900 5783 349 Mar 921,255 words
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COMMODITIES
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859 1991-03-02 17 REPORTS THE price of tin on the Kuala L umpur Tin Market fell three sen to M$ 15 per kg on higher offerings yesterday. Dealers said the London Metal Exchange was down by US$lO per tonne overnight and trading remained quiet with859 words
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567 1991-03-02 17 Reuter SAUDI ARABIA, strapped for cash by its funding of the Gulf War, is in a dilemma. Should it keep oil production high and risk an oil price collapse or cut output and lose vital market share. Oil officials and industry analysts say thatReuter - 567 words
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221 1991-03-02 17 Reuter KUWAIT, facing heavy spending to rebuild after Iraq's seven-month occupation, will seek a special Opec oil production quota to help pay for reconstruction, Oil Minister Rashid Salem al-A-mccri said in remarks published on Thursday. "Kuwait will ask the organisation to take its circumstancesReuter - 221 words
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Article1447 1991-03-02 17 Rubber Mar 1 MS(Mm bales) S cents/kg Noon Close Inl 1 RSS Prompt Inl 1 RSS Apr Inl 2 RSS OP Int J RSS OP Int 4 RSS OP Inl 5 RSS OP I4I.25/I42.25N 145 50/1461*) 141 50/143.50N 136.50/138.50N 132.50/134 50N 128.50/130 50N 144 50/145.50 146.75/147.25 142 00/144 «)N1,447 words
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Page 17 Advertisements
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Advertisement11 1991-03-02 17 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Advertisement369 1991-03-02 17 NOTICES UNrTED INDUSTRIAL CORPORATION LTD (tacvporaM to fca Itoptfc el SnppoNl LOST SHARE CERTIFICATES Appl cations have been made to Ae Directors of the ataenamed company to issue duplicate certificates in place of the folkMnng share certificates which have been reported lost or destroyed: 1073W* IteSang 1 a 1000 13?7S8»/WO369 words
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Article, Illustration776 1991-03-02 18 The Gulf after the War Iraqi President reportedly seeking asylum in Algeria Agencies AS PRESSURES. both implied and direct, build up tor the removal of Iraqi President Saddam Hussein, military' commanders from both sides in the Ciulf War prepared to discuss terms for aAgencies; Reuter picture - 776 words
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311 1991-03-02 18 Reuter THE AMERICAN govern- j ment's main economic forecasting gauge dropped for a sixth straight month in January, the Commerce Department said yesterday, offering no early sign of an end to the recession. The Index of Leading Indicators fell by 0.4 perReuter - 311 words
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Article, Illustration427 1991-03-02 18 Chitra Rajaram - From Chitra Rajaram in BINTAN THE PROPOSED Bintan Beach International Resort (BBIR) will be marketed jointly with Singapore as a single destination, said Deputy Prime Minister and Minister for Trade and Industry, Brigadier-General (Res) Lee Hsien Loong, at the427 words
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228 1991-03-02 18 AFP INDONESIAN President Suharto yesterday said the Association of South-east Asian Nations (Asean) should further study Malaysia's idea to set up an East Asia Economic Group. Visiting Prime Minister Mahathir Mohamad briefed Mr Suharto on his initiative during their 90-minute talks inAFP - 228 words
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338 1991-03-02 18 Agencies AN UNDERGROUND group has been trying to hire foreign mercenaries in a bid to stage a counter-coup in Thailand, military leader General Sunthorn Kongsompong charged yesterday. The general, who led last Saturday's military takeover, said the group, wtyich he refused to identify, wasAgencies - 338 words
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512 1991-03-02 18 Mahathir outlines ambitious economic plan Reuter PRIME MINISTER Mahathir Mohamad's ambitious economic plan to transform Malaysia into a developed country by the year 2020 calls for annual average growth of 7.0 per cent in real gross domestic product (GDP) over the nextReuter - 512 words
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Page 18 Advertisements
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Advertisement6 1991-03-02 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement31 1991-03-02 18 CHARTPOINT Every Saturday in Business Times Will justice prevail in the New World Order? EL 2 Arab coalition members look to rewards; World air traffic down 12pc in January, Pg 531 words
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Advertisement7 1991-03-02 18 Investigation may shake investor confidence, Pg 37 words
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Executive Lifestyle
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Article, Illustration1401 1991-03-02 19 Jaime Ee - Is Tanjong Pagar a hot spot or a dead spot? Jaime Ee visits Singapore's prime conservation area and finds it charming but sadly underpatronised. Jaime Ee IT HAS been said, you can raise a phoenix from the ashes, but after that, what's left for it to do?1,401 words
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STRAWS IN THE WIND
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Article65 1991-03-02 19 MOVIE butYs keen to attend this month's film festival should be impressed by the organising committee's computerised ticketing system. One movie-goer who had faxed his order one morning called up the filmfest office in the afternoon to confirm whether he would get his tickets. The response was: "If65 words
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Article27 1991-03-02 19 SEEN on a signboard in Bali: Fried Peeking Duck. But the colleague who was there refused to order it for fear of being attacked.27 words
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Article32 1991-03-02 19 MENDAKI stalwarts arc being ribbed about its Amanah Saham Mcndaki. also known as the Mcndaki Growth Fund. Some wits have dubbed it "Ah! Mana Saddam?" while others prefer "Amanah Saddam".32 words
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Article97 1991-03-02 19 THE Gulf War may be over but not for Barbie. America's favourite doll has joined the army. You can buy her in toy stores now with her famous tresses shorn to chin length and dressed in military garb. Being the versatile fashion lass that she is, she97 words
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OPINIONS
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1091 1991-03-02 20 Melanie Chew - The US and its allies have shown their ability to fight a just war. Melanie Chew wonders if they can now deliver a just peace Melanie Chew l)r C hew is a military historian ON WEDNESDAY, I envisioned the Gulf War as1,091 words
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Article, Illustration1100 1991-03-02 20 Ron Chandran-Dudley - Ron Chandran-Dudley puts forward some proposals which could make a vast difference in the quality of life of disabled people and the care they receive Ron Chandran-Dudley writer I fit' president ot the Distibletl People's issoeiaiitm THE ASSURANCE given by Prime Minister Cioh Chok Tong,1,100 words
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Article573 1991-03-02 20 Tony Tan - LETTERS TO THE EDITOR Tony Tan Market Development Manager /alas Zinc and l>ead Asian Service IT IS all too easy when planning to build a factory, a block of" Hats, an office complex in an industrial estate or even one on a semi-rural location, to put573 words
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143 1991-03-02 20 Michael W Waite - Michael W Waite Director PT Bredero Price Indonesia I REFER to your article entitled "Dutch-lndon Pact to Develop Kabil" (BT, Feb 23-24). I wish to advise that the recent investment by the Netherlands Development Finance company (FMO) is not the143 words
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275 1991-03-02 20 I REFER to the letter "Raw deal on housing loan." bv "Bullied (BT. Feb 18). I, tot), took a housing loan from Chase Manhattan Bank in December 1988. having been taken in by their marketing ploy. I have been even275 words
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208 1991-03-02 20 Tan-Huang Shuo Mei (Mrs - Tan-Huang Shuo Mei (Mrs) for General Manager Central Provident l-und Board I REFER to the article in your newspaper headlined "Don't opt out ot MediShield, NTUC" urges" (BT, Feb 19). The Board is pleased that NTUC has joined us in urging those who had208 words
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SPORTS
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Article, Illustration767 1991-03-02 21 Cassandra How - Jimmy Connors is still as hungry as ever. But should the multi-millionaire be sitting back now, or will he be only the second player in the open era to win titles in three decades? Cassandra How traces Connors' illustrious career Cassandra How Heigh ho, the louse is767 words
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SIDE LINES
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101 1991-03-02 21 US OLYMPIAN Jim IXvhring. the world's third-ranked shot putter last year, has been suspended by The Athletics Congress for two years after tailing a doping test, an athleties souree said on Wednesday. Analysis of a December out-of-eompetition test revealed that Doehring had a higher101 words
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Article96 1991-03-02 21 GERMANY'S Fran/ Bcekenbaucr and Scotland's Kenny Dalglish are no longer being considered for the vacant post as head eoach of the United States soccer (football) team. Alan Rothcnbcrg. president of the US Soccer Federation (IJSSF). announced that Beckenbauer and Dalglish had been ruled out.96 words
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Article90 1991-03-02 21 FORMER Brazilian socccr international Zico is leading a campaign to bring the 2000 Summer Olympics to Brasilia. A Brazilian government spokesman confirmed on Wednesday that Brasilia intended to make a formal application to host the event and that US$5 million, donated by five private companies,90 words
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Article87 1991-03-02 21 A MERGER to create one non-racial governing body for rugby in South Africa has improved the chances for a tour of the country by the powerful New Zealand All Blacks, officials said on Thursday. New Zealand Rugby Football Union chairman Eddie Tonks said the merger87 words
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Article69 1991-03-02 21 HONDA on Wednesday dismissed Ayrton Senna's surprising criticism of their new V-12 Grand Prix engine with a typically detailed explanation of its potential and its development programme. The Japanese company, who supplied McLaren with the engines which powered Senna to the world championship last year, was unruffled69 words
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Article, Illustration1043 1991-03-02 21 Robert Tomkin - Robert Tomkin discusses a more mobile investment than stocks, bonds, gold and art Robert Tomkin WHEN Taro Kono began searching for a place to invest his growing mountain of yen, the 28-year-old salariman. or white-collar worker, considered the usual avenues stocks, bonds, gold, even art. Yet he chose1,043 words
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Article891 1991-03-02 21 George Vecsey - George Vecsey makes a case for the huge sums of money professional sportsmen make George Vecsey NYT WHAT WITH Dwight Ciooden playing king-of-thc-hill to challenge Roger Clemens as the highest-paid pitcher in history, for the moment, a lot of fans want to know whyNYT - 891 words
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EPICURE
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Article722 1991-03-02 22 Quek Swee Peng - Quek Swee Peng steps into a recently-renovated eaterie Quek Swee Peng A HO II I. coffee-shop that markets itself as a restaurant has a lot to live up to. Expectations are invariably insurmountable. Consider the criteria: The ambience must be interestingly stylish, but not intimidating. Service must722 words
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LIFESTYLE
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Article, Illustration1291 1991-03-02 23 Not everyone living alone shares these beliefs, hut few would deny that life for singles is on a different traek than that of married eouples NYT Till DON" I all viv it in the same way. David Riehenth.il. a Manhattan lawyerNYT; Punch - 1,291 words
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Article, Illustration740 1991-03-02 23 N K Yong - WINE By N K Yong 1 DRANK a Muscat de Beaumes de Venise 1988. Jaboulet. recently with our classic Singapore dessert, sago pudding, and was reminded again what a delightful dessert wine this is. This wine is very popular and fashionable in740 words
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Article, Illustration298 1991-03-02 23 Sybil Holloway - BRIDGE By Sybil Holloway VALDIS Pilenieks of Latvia won the 1989 International Bridge Press Association Precision Award for Best Defence in today's deal, which turned up during the Viljandi Congress held in Estonia in August 1989. The bidding began with a strong 1C from Janis Bendicks298 words
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Article, Illustration551 1991-03-02 24 Samuel Ee - You are catatonic. Your doctor is shy. Is there hope for a cure, or at least an Oscar? In Awakenings, there might be, writes Samuel Ee Samuel Ee THE difference between fact and fiction is that one is true and the other isn't. That's pretty551 words
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Article, Illustration560 1991-03-02 24 RINGO LIEW - CD Review By RINGO LIEW SUSANNA HOFFS: When You're A Boy At first glance, the former Bangles lead singer comes across as just so much fluff. She is, after all, good looking, has legs that arc cus-tom-built for mini-skirts and possesses the detached,560 words
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PURSUITS
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Article, Illustration806 1991-03-02 25 Samuel Ee - The Opel Vectra is not a BMW or a Benz. But it s German and it comes with a Japanese price tag, writes Samuel Ee Samuel Ee Opal: precious stone mined mainly in Australia but also J'ounJ in Japan. South America an J India. Opel:806 words
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Article364 1991-03-02 25 FIRST, there was the COE, that certificate of exclusive entitlement. Then, as il that wasn't enough to worry car buyers in Singapore, the Gult war had to come trundling along. All this might point to it being a funny time to set up shop and364 words
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Article, Illustration539 1991-03-02 25 Cassandra How - Cassandra How speaks to Wallace Chan, one of the world's most successful master gemstone carvers Cassandra How IT WASN'T a paper cut that caused jeweller Wallace C han to invent the Wallace C ut. Rather, it was the culmination of years of work, skill and determination539 words
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Article, Illustration858 1991-03-02 25 S N Vasuki - If you want to own an expensive boat, you may need to speak to Lionel Blouin. S N Vasuki introduces you to the man. J S N Vasuki Lionel blouin's major i passion in life is sailing. And the charismatic i Frenchman has been fortunate I858 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T" QUOTE ME!
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65 1991-03-02 26 Lee Han Shih - Compiled by Lee Han Shih NKW /1 \l \ND's economy has been in the dumps tor so long (since 1987) that a host of jokes has sprung up about it Mere is one: how do you establish a small business65 words
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Article110 1991-03-02 26 SPOT I I I) IN I ci Ciarden at Boulevard Hotel last week the bosses of Metro and langs at separate tables feasting on "yu sheng" (raw-fish salad) and doing their bit to "101 l hei" (generate luck) during the festive season. I his110 words
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Article57 1991-03-02 26 HERE is a good one from Amalgamated Steel Mill (ASM) defending its diversification into the chocolate bar business. "Why not?" the company said, "we are already in the steel bar business". Given this rationale, perhaps we shall soon see ASM going into other bar-related ventures,57 words
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Article193 1991-03-02 26 HARVARD has a big problem, but it is one that most universities in the world would like to have. I lie problem is what to do with its endowment fund, which at the last count amounted to a staggering l;S$5 billion (SSB.S billion). Investment of the money193 words
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Article, Illustration906 1991-03-02 26 SN Vasuki - Wall Street's best market analysts pitted their views against each other on the direction of the stock market. Not surprisingly, the gurus have come out with conflicting views. SN Vasuki reports SN Vasuki THEY are Wall Street's best and the brightest, the most906 words
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Article, Illustration277 1991-03-02 26 Goola Warden - CHART By Goola Warden The strength of the current rally has surprised even the most optimistic bulls as the stockmarket, represented by the Straits Times Industrials Index, easily surpassed ever more bullish forecasts after forecast. By Thursday, the STII at 1,459 has risen 27 per cent sinceSource: OUB Securities - 277 words
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Article, Illustration688 1991-03-02 26 SN Vasuki - By SN Vasuki The "bad news" is that the i'S economy an J probably, the world economy are in a serious recession /slowdown, with a 30 per cent probability of severe recession The "good news" is that the outlook calls lor aggressive FedSource: C. J. Lawrence portfolio strategy services - 688 words
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Article, Illustration939 1991-03-02 27 Norbert Walter - With the conclusion of the Gulf war, fundamental factors will take over again to influence the foreign exchange markets. Norbert Walter (below) looks at the directions of some of the key currencies Norbert Walter Prof Walter is the ehiej economist of Deutsche Bank The development on the939 words
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930 1991-03-02 27 Alan Street - COVER By Alan Street Professor Street is with the M l This article was contributed by the I.He Insurance f Assik ialton of Sitwa/wrc. CONSIDER the fol- i lowing hypothetical scenario. One thousand people, all aged 30, take identical life insurance poli- j930 words
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JOBS
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Article, Illustration892 1991-03-02 28 S N Vasuki; Rose Andersen - S N Vasuki speaks to heads of local executive search firms on the emerging opportunities that the Gulf holds tor them while Rose Andersen analyses the post-Gulf war scenario for headhunters S N Vasuki Rose Andersen The gulf war is over and another kind of invasion892 words
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Article405 1991-03-02 28 The juggernaut of recession has driven the industrialised world's executive vacancies to their lowest level in most countries since 1982 with accountancy, finance, sales and marketing sectors bearing the brunt. In this, the Gulf War has to an extent affected the executive search industry. The405 words
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Article, Illustration475 1991-03-02 28 Mr Ihomas 111 Lim is the new Group Financial Controller for the Far Fast Region of Borden. Inc. He uill report to the Group Managing Director and his responsibilities include overseeing the controllership functions in all the operating profit centres in the region, and identifying and developing business475 words
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Article1023 1991-03-02 29 City Right ETA night ETD City Flight ETA Flight ETD QF82 2115 MH644 1720 SQ1 12 1545 QF81 2010 MH/SQ 1800 MH631 1610 I 1 1 671 MH6I0 1715 Amman RJ83 0350 MH643 1730 Amsterdam SQ23 1345 KL838 MH6K3 1850 MH614 1850 KL837 fllH SQ1I5 20051,023 words
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THE TRAVEL PAGE
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Article, Illustration543 1991-03-02 29 LETTER FROM MOSCOW "THOSE who have been to Moseow know Russia," said one of Russia's poets. This could even be extended to mean those who have got to know Moscow can understand the Russian people. It is a fact that the Russian people, by nature, are543 words
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Article153 1991-03-02 29 As at 3pm yesterday: I-ocal dollars to one unit of foreign currency Currencies Hi J Offer Australian dollar 1.3550 1.3750 Canadian dollar 1.4910 1.5110 NZ dollar 1.0280 I 0580 Sterling pound 3.2800 3.3100 US dollar 1,7280 1.7430 Ijxal dollars to 100 units of foreign currcnc) Austrian schilling153 words
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Article117 1991-03-02 29 Dilution rule Venue Organiser Tel j Duration Title Venue Organiser Id Video. dptK> Keb 27- Itoilo. (me and /urich. /usjvi 4I3IIM)55 \mlim isual March 4 Video Inhibition S»il/eftmd IVoduets A in /urich IthiMinishing I cb 2K- Intcrn.ilkmi iI StuKjeart. Slullgarter Messe 4«J7I I25H«M) I t|inpincnt March I117 words
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TIME OFF
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Article205 1991-03-02 30 Regular Concerts Conductor Lim Yau, soloist Merlyn Quaife, soprano Eirian James, mezzo soprano Paul Wilson, tenor Michael George, bass with the Singapore Symphony Chorus. AllMozart programme. Victoria Concert Hall. Mar H-9 at H. 15pm The New Fats Waller Musical Show. (Ain't Misbehavin) This is a musical extravaganza based on205 words
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Article, Illustration230 1991-03-02 30 K Jayanti - Compiled hy K Jayanti Tiong Tian Tong Works In Oil His first one-man exhibition where he will display recent works beautiful landscapes of Paris and Singapore Art Base Gallery. 7H Shenton Hay #01-02. Mar 13-30 lOam-fypm (Mon-Fri). C loscd on Sunday and Public Holidays Parisian Artist in Singapore There230 words
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Article, Illustration552 1991-03-02 30 Dances With Wolves Kevin Costner does a jig with a nervous wolf and is immediately baptised by the Siouxs with a Red Indian name. If you think that's intriguing, consider the fact that this threehour western, directed by Costner himself, also won a Golden Globe for Best Picture as552 words
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Page 19 Advertisements
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Advertisement298 1991-03-02 19 k&£ Today, one watch reigns supreme. r, 1 A -rirfwrn^BMi mlayMi ;;v;'\ I j| i I f Itrj-thm Kn\.il )jk in !Hkt gnhi, Ju»tnnJ< << t IfZt'l Jnd brau'L't. full ftJiv Jul. RA >6i>o H (..H/s fit 66 m -JJB.4 /.*//«•>. In 1972, the master watchmakers by eight hexagonal holts.298 words
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Page 20 Advertisements
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Advertisement28 1991-03-02 20 BT welcomes letters from you. Address them to: The Editor, Business l imes, l imes House, 390 Kim Seng Road, Singapore 0923. Letters should include your contact numbers.28 words
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Page 20 Miscellaneous
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Miscellaneous40 1991-03-02 20 DOONESBURY BY GARRY TRUDEAU 'fCARLP: iVHAI H/E lOtJtf cl'cic "WAT 3UY > \Jt > c,Lifyyr 'AM y(XJ MHUi -.PAIHtVIOVO MUCH iVWP&ttPOOL' OKAY Bi'DpYmx*ev, omen *t v.,jo* ;ox. "EWgy C^L mi m ve cot mosion l n cot a unilateral- HSRE! SHOUT >y/M/40 words
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Page 22 Advertisements
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Advertisement197 1991-03-02 22 WHERE TP WINE. DINE AND ENTERTAIN WHERE TO WINE, DINE AMD ENTERTAIN WHEBE TO WINE, DINE GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT197 words
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Advertisement394 1991-03-02 22 FEAST YOUR EYES 111 II II ON THE PLUM'S tewels ******************** l OF THAILAND From Ist March 17th March five of the finest exponents of Thai Cuisine will masterfully prepare a plethora of appetising dishes. The buffet will be available for both lunch (12 noon 2.34) pm) and dinner (7394 words
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Advertisement321 1991-03-02 22 Have Poolside "BBQ Buffet" Under the Starsl 1 "T I Now, besides our weekend I! steamboat buffet is the neu I can-eat" Barbeque I B T 1 j| Available only on fine u«uh*r Steamboat Buffet" IP So head for Sky Garden II Poolside uhere you get more I than your321 words
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Advertisement326 1991-03-02 22 3K iiour waif through Europe I ||f With over 60 world seeing you again' renowned dishes from European Buffet Lunch 12 nations, you're gotng February 1— 28 to need more than one Noon —230 pm visit to savour all of Adult $36+ Europe's finest We'll be Child below 10 $18++326 words
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Page 22 Miscellaneous
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Page 23 Advertisements
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Advertisement269 1991-03-02 23 AND ENTERTAIN Brunch Is A Family Ai pair Every Sunday. si iiam M>l I IS Kvery Suiul.iv, 1 lubertus Grill becomes the venue tor .1 great Sunday family outing. A scrumptious buffet spread is laid out tor both grown-ups and children. Ik ANA HOTFL If. \AV»IM Mill. SIV,\|H>KI IC-'V IN269 words
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Advertisement9 1991-03-02 23 Managers must manage. BT shows you how every Monday.9 words
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Page 24 Advertisements
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Advertisement46 1991-03-02 24 SAL E IST 17TH MARCH 1991 /chr 1 i 1 Dior J Ladies Boutique: 02-42 /47 Wisma Atria, 435 Orchard Road, Singapore 092 i f» l *****74 Men's Boutique: 81-06 Palais Renaissance Shopping Arcade. 390 Orchard Road 0923. Tel: *****7 Open Daily: 10.30 am to 7.30pm46 words
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Page 26 Advertisements
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Advertisement18 1991-03-02 26 changed your whole life we will help plan your tomorrows. 11 w«II if# fCi Ik fIS w!r* »7l18 words
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Page 27 Advertisements
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Advertisement7 1991-03-02 27 Innovation Technology in Business Times on Tuesday7 words
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Advertisement140 1991-03-02 27 INVESTING IN SHARES? CALL ASK FOR hen opportunity knocks you'll want to be It s so easy and convenient to apply for ready Here's where Hong Leon* Finance PLUS. Drop by any of our 28 conveniently located and Singapore Finance can help. offices or call LISA, our new 24 hour140 words
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Advertisement121 1991-03-02 28 FOR SUCCESSFUL MANAGEMENT OF YOUR AH Stories on lubour and its relationship with Ik I I I Hi management, management concepts in practice. H|J|v profiles of leading managers in Singapore and relevant txx>k reviews. X I Ji ENTERPRISE MANAGEMENT, in Business \y r\ 1/ Times every Monday, is must reading121 words
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Advertisement148 1991-03-02 28 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 29 Advertisements
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Advertisement40 1991-03-02 29 When it comes to flying to Munich, no other airline comes Klaus to Finnair. Because Finnair flies twice-weekly from Singapore direct to Helsinki then onto over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish.40 words
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Advertisement59 1991-03-02 29 I" Vdsioht vmi i ii M f :-v i l I Careeß CHOICE Just got your exam results? And you're looking for a job now? Check out The New Paper's special guide for school-leavers and graduates. All in a bumper 64-page paper today. I H I i! J® The latest59 words
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Page 29 Miscellaneous
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Miscellaneous136 1991-03-02 29 serve in West African re--28 drunks may find ZZZIVS* fir YESTERDAY'S SOLUTION themselves uncomfortably r |ng jn am)thor jo|) P* acc (2.1.5,6) 14 important, dash it, most SoflßPAmcfflßuPMm DOWN important (3-7) MoMoMmMr 2 leaner one to back in a 17 Lent 3 something to chew raee (7) over (5-3) 3136 words
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Miscellaneous175 1991-03-02 29 ■nT7T7TTTfIBHIH builUiialHH World forecast Asia-Pacific lli/l.o* Cond. Auckland 20/10 Fair llangkok 33/25 lair licijing.. 03/-3 Cloudy Brunei 32/25 Hair Hongkong I')/13 Sunny Jakarta 30/24 Shower* Kuala Lumpur 32/23 Stumers Manila 32/23 Fair Melbourne 22/12 Showers |>crth.. 34/24 Sunny Seoul 07/-2 l air Sydney 23/17 Sunny Taipei 28/14 Rain Tokyo 09/03175 words
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Miscellaneous14 1991-03-02 29 1 i'U_TW<£ B»T*£ or SW*IL I GO N CHfc£R.Y EVENING STAMOAWO CO. LTD.. IX2-IWI14 words
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Page 30 Miscellaneous
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Miscellaneous1772 1991-03-02 30 TODAY'S TV m BHHHB 800 The Flintstones i< mi I^HiTiVJ N» Barney TamanNurix Dirty Harry still gets to kill this penultimate edition, 1130 TV Education of had guys in his fifth the rapid growth of the state *lli t w Inspector of Johor and how the r^ Callahan. But one1,772 words
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Miscellaneous696 1991-03-02 30 MOVIES ON TV Singing in the Rain, Mon, Natalia, Tues, 10.30pm, SBC 10.30pm, SBC 12 12 If you enjoy watching Gene it's 1940 in France and the Kelly hop and twirl with that daughter of a Polish Jew silly grin plastered on his needs false papers to become face, you're696 words
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