The Business Times, 6 April 1991

Microfilm: NL17475
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MCI (P) 16/12/90 Weekend Edition, April 6-7 1991 75 c
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  • NEWS& MARKETS SUMMARY
    • Article
      Hurd hints there may be room for discussion
      40 1 BRITISH Foreign Secretary Douglas Hurd yesterday suggested Britain might be ready to make a crucial concession to China in a dispute that threatens the smooth handover of Hongkong to Beijing in 1997.
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    • Article
      Yeltsin secures major win
      38 1 RUSSIAN LEADER Boris Yeltsin scored a major political victory yesterday when his parliament gave him full emergency powers and endorsed his call for presidential elections to be held in the republic on June 12.
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    • Article
      Dow higher
      30 1 SHARE PRICES opened higher on Wall Street yesterday with the Dow Jones index of leading industrials gaining 4.95 points to 2,929.45 in the first five minutes of trading.
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    • Article
      Footsie higher
      42 1 LONDON share prices surged to a new record at midday yesterday as investors clamoured for stock in a sellers' market. At about 1100 GMT, the Financial Times-Stock Exchange 100-ihares index was up 21.9 points at 2,546.4, a new trading high.
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    • Article
      A major job
      27 1 A $121 MILLION upgrading programme will be launched this year to bring Changi Airport's Terminal 1 facilities on par with Terminal 2. Page 2
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    • Article
      DBS raising money
      41 1 DBS BANK is raising $474.87 million through a proposed one-for-10 rights issue. Announcing the exercise late last night, DBS said its directors wished to raise its capital base to further support the expansion of its operations. Page 3
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    • Article
      The last of Oei's
      32 1 THE Rajawali group of Indonesia has acquired a small insurance firm known to be the remaining business asset of the Oei Tiong Ham family of Singapore Page 4
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    • Article, Illustration
      STOCK INDICES
      28 1 Friday Change BT-MGA 734.97 +0.14 Kuala Lumpur ....591.14 -0.03 Tokyo 26,767.33 +77.52 Hongkong Closed Sydney 1,456.4 -3.4 Thursday Change New York 2,924.50 -2.23 London 2,524.5 +5.4
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    • Article
      CURRENCIES
      20 1 Exchange rates USS SSI.7590 100 Yen SSI.2910 MS SSO 6403 Money market rates Overnight 4-1/2% +1/4 3-month 4-11/16% unch
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    • Article
      COMMODITIES
      39 1 London Gold AM fix USS358.30 +USS0 20 Rubber S pore May l44.50«/kg -1.00 M'sia May 225.50«/kg -0 50 KLTin Turnover 46 tonnes -4 Spot MS 14.80/kg -0.01 Crude palm oil Tumover 1,184 lots +198 Apr MS787 /tonne 2
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  • Article
    First quarter growth likely to be 7pc: BG Lee
    397 1  -  By Schutz Lee ABOUT 7 per cent this is the likely growth rate for the first quarter based on preliminary figures for January and February. Revealing this yesterday, Deputy Prime Minister Lee Hsien Loong commented that if the momentum of the
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  • Article
    BG Lee welcomes ideas for revamp of SFCCI
    314 1  -  By Diana Oon TRADE and Industry Minister Brigadier-General Lee Hsien Loong has welcomed suggestions for the revamping of the Singapore Federation of Chambers of Commerce and Industry (SFCCI). He described as "interesting" the proposals by businessman and politician Chandra Das for the
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  • Article, Illustration
    US$ 6m comedy to set in motion new movie firm
    349 1  -  Orient Films seeks EDB pioneer status By Jennifer Lien A FILM-MAKING company has been formed in Singapore to produce and co-pro-duce motion pictures aimed at the lucrative North American and international markets. Orient Films combines the talents of five expatriates
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  • Article
    Beri sorry — S'pore workers still tops
    544 1  - Beri sorry S'pore workers still tops By Anna Teo SINGAPORE is still ahead of Switzerland, albeit by a whisker, in Business Environment Risk Intelligence's 1991 labour force survey. A typographical error in the labour force evaluation measure (LFEM) for Switzerland in Beri's rankings of the workforces of 47 countries placed
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  • Article
    US jobless rate higher than expected
    182 1 AMERICA'S unemployment rate in March jumped to 6.8 from 6.5 per cent in February, the Labour Department said yesterday, pushing the jobless rate to its highest level in over four years as businesses grappling with recession axed jobs. Jobs in the economy outside the
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  • Page 1 Advertisements
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        King Fahd thanks S'pore for medical team
        77 2 KING FAHD bin Abdul Aziz of Saudi Arabia has expressed his gratitude and appreciation for Singapore's show of support during the Gulf War by sending a medical services team to his country. In response. President Wee Kim Wee thanked King Fahd for his
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      • Article
        Postdoctoral fellowships
        46 2 THE Lee Kuan Yew Postdoctoral Fellowships will now be available to support and promote the development of young and outstanding academics, announced Education Minister Tony Tan in London yesterday. The fellowships are in line with the government's philosophy of promoting academic excellence and scholarship.
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      • Article
        Correction & clarification
        51 2 Correction clarification IN YESTERDAY'S story "Lubbers sees bigger Dutch role in Growth Triangle", the photograph was not that of Netherlands Prime Minister Ruud Lubbers, as it should have been. We incorrectly used the photograph of Netherlands Secretary of State for Foreign Affairs Piet Dankert instead. We are sorry for the
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    • Article
      First shipment from Sumitomo Electric's Batam plant
      200 2 THE FIRST consignment of automotive wiring harnesses rolled off the production lines of Sumitomo Electric's S3O million plant in the Batam Industrial Park (BIP) yesterday, a year after it signed up as the first tenant of the estate. The shipment worth 5200,000 is
      200 words
    • Article
      Facelift for Changi's Terminal 1
      387 2  -  $121 m programme to be launched in the middle of this year By Rahita Elias A MASSIVE $121 million upgrading programme, involving 18 projects, will be launched in the middle of the year to bring Changi Airport's Terminal 1 facilities on par with the more
      387 words
    • Article
      Dr Tay stresses continued importance of manufacturing
      247 2 ALTHOUGH the services sector is growing rapidly, traditional manufacturing industries like printing can still improve not just in production capacity, but also in providing total customer service. This is because manufacturing, one of the twin engines of the economy, will continue to figure
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    • Article, Illustration
      Switzerland hopes for deeper bilateral ties with Singapore
      293 2 SWITZERLAND hopes to strengthen the already warm ties it has with Singapore and work together to speed up the conclusion of the Uruguay round of trade talks. This was stated by the visiting Swiss Federal Councillor, of the Federal Department of Public
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    • Article
      CAAS wins Max Lewis Silver Medal
      213 2 THE CIVIL Aviation Authority of Singapore (CAAS) has won the prestigious 1990 Max Lewis Silver Medal for its contribution to the advertising industry in Singapore. It won the judges* approval for its $5.4 million print advertising campaign that promoted the Airtropolis concept for the
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      565 2 Vtttd if Hi Brt. fcrtH Wy w Pgrtw Keppd Wharves Jurong Port FerncWf 10 K30 08.04/2359 Golden Falcon 54 J4/5 alongside 0604/1500 Kota Abadi E-891 K31 alongside 09 04/0600 Great Fortress 110 alongside 06 04/1400 Wspac 1 2003E C10 05 04/2359 Nasional Jaya J1 alongside 0604/0600 Silver
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    • Article
      CONTAINER SCHEDULE
      1362 2 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Record Booking/Balance Rslh Shi> Voy No Etb/Btr Period From To From Ma Blmm 479N 07/0645 1 05/1500 05/1659 05/1900 3 06/0700 06/1159 06/1*00 An layakarta ***** 07/0300 1 05/1500 05/1659 05/1900 2 05/1700 06/0659 06/0900 Urattan Sea 103E 08/0100 2
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      DBS Bank to make $475 m cash call
      457 3  -  Proceeds to meet expansion needs By Magdalene Ng DBS BANK is tapping shareholders for cheap funds through a proposed one-for--10 rights issue, which will raise $474.87 million. DBS, which announced the exercise late yesterday, said its directors want to increase its capital
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    • Article, Illustration
      Eu Van Sang to raise $27m from rights issue
      418 3  -  By Elaine Koh EU YAN SANG Holdings, which Lum Chang Holdings has earmarked as its property arm, is making a two-for-one rights issue that could raise up to $27 million that would be used to spearhead property development in Singapore and
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    • Article
      Warrants: premiums and gearing
      793 3 PricM(isat 4.4.91) Conversion terms (dhrwjJrt) Explry Amount L. T T~ Optional" using Comoanv Issuad Sh«'* Lnsft Exar i-" 2 Gtarfoa 4 (m units) C 00 prict Cash Cash' Lnstk J Data Mths ratio "2J $a a r flllW I CACWt 37.5 2.040 4.980 1.00 3.09 3
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    • Article
      Lock icon New team appointed to manage Mercantile Insurance
      412 3 Bernama MERCANTILE Insurance Sdn Bhd is not under receivership but its business is now being undertaken by a new management team to turn around the company to put it on a stronger footing, officials from Samad and Co said on Wednesday. Accountants Abdul
      Bernama  -  412 words
    • Article
      Daiwa and Nomura set to take a different tack
      303 3  -  DBS CHARITY INMESiMEN&^II By Quak Hiang Whai JAPANESE merchant banks Daiwa Singapore and Nomura Singapore are expected to generate their investment returns from a very different source compared with the rest of the contestants in the DBS Charity Investment Race. Senior
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    • COMPANY BRIEFS
      • Article
        NOL's new ship to sail with Indonesian venture
        142 3 HOME-GROWN Neptune Orient Lines Ltd (NOL) will deploy the first of its three newbuildings this year in its joint-ven-ture company, PT PUL International Line. The Ss26 million Neptune Seagull, commissioned in December 1989, was built by Singapore Shipbuilding Engineering (SSE). The 7,800tonne
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      • Article
        RDC wins two deals
        49 3 RESOURCES Development Corporation has been awarded two contracts worth $11 million by the director-general of Public Works. They involve the milling of defective asphalt pavements, and the supply and laying of asphalt concrete for roads in certain parts of Singapore during the current fiscal year.
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      • Article
        FCC has 93.84 pc of BAGI
        54 3 FIRST CAPITAL Corporation has received acceptances of 4.87 per cent for its unconditional takeover bid for British American General Insurance Co (BAGI) which dosed yesterday. FCC had earlier bought 89 per cent of BAGI from British American Investments. FCC now holds a 93.84 per
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      • Article
        Keppel Finance warrants
        39 3 MORGAN GRENFELL's offer of 36.66 million warrants in Keppel Finance was oversubscribed by 18.23 per cent at the close of the offer yesterday. The exercise price of the warrants has been fixed at $2.12 per share.
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      • Article
        AMDB launches condo project
        33 3 ARAB-MALAYSIAN Development has launched a Ms6l million condominium project known as Desa Villa on a 1.7-ha piece of land at the edge of Taman Bukit Desa, near Kuala Lumpur.
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    • Article
      UOB wins Indonesian broking licences
      267 3 THE INFLUX of Singapore companies into the Indonesian securities business continues with United Overseas Bank's subsidiary getting the green light to trade in Jakarta. In a statement yesterday, UOB said its subsidiary in Jakarta, PT United Overseas Bank Bali (UOBB), had been granted stockbroking and
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      93 3 SOTHEBYS FOUNDED 1744 Xu Beihong (1895-1953) t<ll{ip f *T Herdboy and Buffalos under W* h aßanyanTree hanging scroll, i j ill n ink ana colour on paper. Al' HK$6OO,OOO-HK$BOO,OOO PREVIEW EXHIBITION OF FINE MODERN CHINESE PAINTINGS, JADEITE JEWELLERY, A COLLECTION OF PENDANTS AND CHINESE SNUFF-BOTTLES 6th and 7th APRIL 1991
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        East German firms show interest in M'sia
        77 4 ACCORDING to the March edition of the newsletter published by the MGBG (an association of Malaysian and German businessmen in Malaysia), at least 19 companies and consultants from eastern Germany have shown interest in having business cooperation with Malaysian interests in various fields.
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      • Article
        Coke opens plant in E Germany
        89 4 AMERICAN soft drinks group The Coca-Cola Co opened a bottling plant in the eastern German city of Halle, pledging to invest some 650 million marks in the depressed region. A company statement said Coca-Cola was taking over drinks firms in six eastern cities and
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      • Article
        Soviets get help for power plants
        98 4 TRADING FIRM Nissho Iwai Corp will help the Soviet Union build three electric power plants in the Soviet Far East. An Nissho Iwai spokesman said it will provide technology to produce low-pollution boilers for the coal-buming electric plants. The Soviet Union plans to spend
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      • Article
        ABB to double payout
        82 4 ASEA Brown Boveri AG, the German unit of the SwissSwedish ABB engineering group, said it would more than double its payout on 1990 results to 35.50 marks per ordinary share from 17.50 for 1989. It would also set a scrip issue at par, doubling the company's
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      • Article
        Tasmanian miners resume work
        82 4 RENISON Goldfields Consolidated Ltd said mining at its Renison tin mine in Tasmania has resumed after miners accepted a survival plan for the mine. The company said on Thursday it had laid off underground staff and would close the mine after using up ore stocks unless
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      • Article
        Murdoch snubs Maxwell
        48 4 BRITISH publisher Robert Maxwell won't get any help from rival Rupert Murdoch in running his new acquisition, the Daily News. The Murdoch-owned Daily Racing Form will end a 45-year association with the News this weekend when it stops providing thoroughbred racing charts to the tabloid.
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    • Article
      Rajawali group takes over insurance firm
      373 4 Oei Tiong Ham family relinquishes last remaining asset THE Rajawali group, which owns the Rajawali Citra Televisi Indonesia (RCTI) private television station and Bank Rajawali, has taken over a small insurance firm known to be the remaining business asset of the Oei Tiong Ham
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    • Article
      Thailand launches third telephone paging system
      393 4 HUTCHISON Telecommunications launched Thailand's third telephone paging system on Wednesday after saying it would corner at least half of the rapidly growing market, reports the South China Morning Post. Sales of the Hutchison Pagephone, a joint venture with Loxley of Thailand, began in Dcccmber
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    • Article
      Lock icon Mounting debts may ground Indian airline
      249 4 Reuter INDIA is considering closing down Vayudoot Ltd, one of the country's three stateowned airlines, due to mounting debts estimated in excess of 400 million rupees (5535.6 million), government and company officials said. "(Winding-up) and selling V ayudoot's assets is one of the options
      Reuter  -  249 words
    • Article
      Lock icon UAE telecoms firm chalks up higher profit
      295 4 AFP THE higgcst joint-stock company in the United Arab Emirates (UAE) has reported higher profits for 1990 despite a series of cuts in its charges. Etisalat. the only telecommunications firm in the UAE, said net profits rose by 8.3 per cent to 852.5
      AFP  -  295 words
    • Article
      Lock icon US overseas investments expected to fall
      221 4 AFP AMERICAN companies plan to boost their investments overseas by 6 per cent, down from 19 per cent over the past three years. The US Commerce Department said a survey conducted in December showed that majority-owned foreign affiliates of US companies planned US$6l.2 billion
      AFP  -  221 words
    • Article
      Lock icon Telecom giants plan to set up one-stop global network
      210 4 FT THREE of the most powerful telecommunications companies in the world are considering plans for a jointly controlled company which would offer services to international business customers. The three Nippon Telegraph and Telephone of Japan; Deutsche Bundespost Telecom, the German telecommunications
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    • Article
      Lock icon Drexel gets reprieve from bankruptcy threat
      697 4 NYT THE likelihood that Drexel Burnham Lambert would emerge from bankruptcy as an operating company grew stronger on Thursday, as all but one of the groups of creditors and equity holders in the case accepted an outline for the firm's reorganisation. By moving the
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      88 4 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
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  • FINANCIAL NEWS
    • Article, Illustration
      Fund managers snap up Cheung Kong warrants
      511 5 TYCOON Li Ka-shing has issued covercd warrants on 110 million of his shares in his corporate flagship, Cheung Kong the first ever issued on shares in the property giant. The warrants were immediately snapped up by fund managers, according to a report in
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    • Article
      Bangkok places curbs on sale of new shares
      256 5 MAJOR shareholders of new-ly-listed firms will not be permitted to sell their shares for six months to three years under a new set of guidelines drawn up by the Stock Exchange of Thailand in an effort to tighten procedures for listing approval.
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    • Article, Illustration
      Lock icon Prospects look mixed for US dollar
      524 5 DBS Bank weekly currency review USD/DM: Major uptrend intact After breaking through the resistance of 1.6740 on Mar 25, 1991 the dollar traded higher, reaching 1.7220 on Mar 28 before forming a reversal on the same day. Over the Good Friday weekend, the dollar
      Source: DBS Bank  -  524 words
    • Article
      Lock icon NYSE member firms post first loss since 1973
      433 5 Reuter THE New York Stock Exchange said member firms that do business with the public reported a loss after taxes of US$lO6 million on revenues of U5554,035 billion for 1990. The NYSE said it was the first annual loss since 1973, when
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    • Article
      Lock icon Kuwait may open the door to foreign banks
      249 5 AFP KUWAIT may allow foreign commercial banks to operate in the emirate by next year, a senior Kuwaiti official said in a report published in Abu Dhabi on Thursday. "The need for a more open monetary system and banking and for competition
      AFP  -  249 words
    • SMALL CHANGE
      • Article
        Book gives advice on retirement planning
        75 5 GREAT EASTERN Life Assurance has released a compact book advising readers on how to plan ahead for a comfortable and enjoyable retirement. The author is financial consultant Margaret Allen who also wrote the book Money and marriage, family and finance. Titled Planning well for
        75 words
      • Article
        Ex-Hung Yuan president caught
        84 5 POLICE have arrested the former president of Taiwan's biggest underground bank, which illegally took some NTS 3.6 billion (Ss23o million) from tens of thousands of small depositors. Yu Yung-ming, 45, was arrested late tfn Thursday after more than six months on the run, police said yesterday.
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      • Article
        Okato Shoji sets up new unit
        87 5 OKATO SHOJI Co Ltd has become the first Japanese commodity brokerage house to set up a money management subsidiary, a company spokesman said in Tokyo yesterday. Okato Investment Management, established on April 1, will manage the parent firm's investments in the local commodity markets
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      • Article
        Indon firm to raise funds
        79 5 PT BRANTA MULIA, Indonesia's only tyre cord manufacturer in Bogor, West Java, will issue convertible bonds worth some US$6O million in Europe to raise funds for the company's expansion projects. The company's president, Ibrahim Risjad, said that the decision to issue the five-year Eurobonds was
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      • Article
        Banker on his new HK posting
        84 5 BANKING COMMISSIONER-DESIGNATE David Carsc says he will give priority to maintaining the competitiveness of Hongkong's banking system. Speaking from London on Wednesday, the 44-year-old Bank of England manager said he hoped Hongkong would benefit from his 22 years' experience as a central banker, and
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      • Article
        Yasuda buys stake in Brinson
        81 5 YASUDA FIRE Marine Insurance Co has agreed to take a stake in Chicago-based investment advisory firm Brinson Partners, Inc, a Yasuda spokesman said in Tokyo yesterday. Yasuda will take a IS per cent stake in Brinson and send a director to the US company. In
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      43 5 50 STEEL H PILES (NEW BHP) Height 420 mm Range 330 mm Length 11 metres 472 Kg per metre Prompt Shipment From Australia Contact: NELSON AMBER PACIFIC PTY LTD Tel: 6159 *****5 Fax: 6159 *****0 Also Wanted: STEEL TUBULARS IN GOOD USED CONDITION.
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    • Advertisement
      Page 5 Advertisements Column 2
      142 5 FOR SALE BY TENDER Milton pariz^ BOWRAL, NEW SOUTH WALES, AUSTRALIA "Australia's premier convention destination." Championship 36 hole golf course under construction of which may be acquired separately Nestled in 870 acres of forest and parkland the Estate features: The Hotel accredited by the prestigious Relais et Chateuax Group as
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  • Page 5 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        S Korean trade mission holds talks in Burma
        80 6 A South Korean trade delegation held talks on Thursday with Burmese ministers and senior military officials in Rangoon, official Radio Rangoon said. Delegates of the Korean Foreign Trade Association met with Burmese Trade and Finance Minister Brigadier-General David Abel at the trade
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      • Article
        Jakarta, Seoul make LNG deal
        75 6 INDONESIA will sign a 20-year sales contract with South Korea for 2.3 million tons of liquefied natural gas per year, officials said in Jakarta on Thursday night. Faisal Abda'oc, director of the state-owned oil company, Pcrtamina, said the contract with Korea Gas Corporation will bring
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      • Article
        Kaset may get top military slot
        83 6 AIR FORCE chief Kaset Rochananil is expected to get the military government's top slot as supreme commander in October, replacing General Sunthorn Kongsompong, military sources said in Bangkok yesterday. Gen Sunthorn led the Feb 23 coup in which former prime minister Chatichai Choonhavan was
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      • Article
        Korean seamen held by pirates
        73 6 VIETNAMESE pirates have captured a South Korean fishing boat in the Straits of Malacca and arc demanding a ransom for the release of 24 seamen, a South Korean fisheries company spokesman said in Seoul yesterday. The spokesman tor Sam Young Fisheries Company said the vessel's
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      • Article
        Chinese warship for Thailand
        95 6 CHINA'S depressed arms industry gets a boost this week with the delivery to Thailand of a guided-missile warship equipped with computer control and relatively advanced electronics, Beijing's official media reported on Thursday. The Thai Embassy in Beijing confirmed its ambassador and naval attache had travelled to
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      • Article
        Philippine inflation hits 18.8 pc
        59 6 INFLATION in the Philippines reached 18.8 per cent in March, up from 18.3 per cent in February, the Central Bank said in a statement in Manila on Thursday. The rise represents a six-year high, it said, as did inflation in the capital 21.6 per cent
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    • Article
      Goh's visit could help boost investment: Manila
      434 6  -  Aquino to discuss plan to entice Singapore companies From Al 0 Labita, Jr in MANILA PRIME MINISTER Goh Chok Tong's visit to Manila next week could help boost Singapore's offshore investments in the Philippines, Manila's trade and industry department says. Officials told BT
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    • Article
      Lock icon Seoul rebuffs Hanoi's request to exchange trade offices
      321 6 AFP VIETNAM has asked South Korea to exchange trade offices as a first step in building relations. But Seoul refused, citing the conflict in Cambodia. South Korea however appeared to leave open the interpretation that it was bowing to US pressure not
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    • Article
      Lock icon Japanese companies gearing up to trade with Hanoi
      264 6 Reuter FOR Vietnam's sorry economy there is at last some good news the Japanese are coming. "The big. famous companies arc now stepping in," said Mitsuo Iwasawa, a Ja-pan-Vietnam Trade Association representative. Japan has long deferred to the economic embargo imposed by
      Reuter  -  264 words
    • Article
      Lock icon Suharto asks for support for clove monopoly
      273 6 Reuter PRESIDENT Suharto has asked all government departments to rally round in support of a clove monopoly that is locked in conflict with makers of Indonesia's pungent spiced cigarettes. cigarette firms, the world's biggest users of cloves, arc refusing to buy from the
      Reuter  -  273 words
    • Article
      Lock icon M'sia sees China as important trade partner
      405 6 Bernama CHINA, with its huge population and trading potential, has emerged as an important non-traditional market for Malaysia. Malaysian Minister of International Trade and Industry Chua Jui Meng said yesterday: "No one can ignore the market potential of China, which is playing an
      Bernama  -  405 words
    • Article, Illustration
      Lock icon Thailand vows to smash endangered species trade
      530 6 Reuter THAILAND, rebuked this week by conservationists as the worst country in the world for the illegal trade in endangered wildlife, vowed yesterday to smash the illicit traffic once and for all. Mechai Viravaidya. Minister in the Prime Minister's Officc. said the new
      Reuter  -  530 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      84 6 FOR BITS AND o"^y rj Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local
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  • THE WORLD
    • Article
      Lock icon US unemployment claims hit highest level in eight years
      371 7 Reuter THE NUMBER of Americans claiming unemployment benefits in late March hit the highest level in over eight years, the Labour Department said on Thursday, as more workers lost their jobs in the nation's recessionplagued industries. The data sent a warning
      Reuter  -  371 words
    • Article
      Lock icon Pavlov says switch to hard currency pricing too abrupt
      265 7 FT SOVIET Premier Valentin Pavlov has admitted that the abruptness of the switch to hard currency pricing in trade between Poland and the Soviet Union on January I was a mistake. Speaking after meeting Jan Krzysztof Bielecki, the Polish Prime Minister,
      FT  -  265 words
    • Article
      Lock icon Beijing orders cut in budget deficit
      208 7 Reuter CHINA has taken the unusual step of ordering a one billion yuan (***** million) cut in the 1991 budget deficit. The State Council, the top government body, has ordered a redrafting of the budget to trim 500 million yuan from spending and add
      Reuter  -  208 words
    • Article
      Lock icon The picture looks grim for East European economies
      496 7 AP RECESSION in the Soviet Union and its former allies in Eastern Europe deepened last year, according to a UN economic survey citing scattered positive signs in a mostly grim short-term outlook. Transformation from centralised to market economies "is now seen as
      AP  -  496 words
    • Article, Illustration
      Call for UN condemnation of Saddam
      88 7 Members of the Democratic Party of Kurdistan demonstrating outside the United Nations offices in central Athens on Thursday. They made an international appeal for the condemnation of Iraqi President Saddam Hussein's regime, charging that Iraqi troops killed thousands of Kurds who were trying to
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    • Article
      Lock icon Post-war Saudi Arabia faces painful policy choices
      481 7 AP POST-WAR Saudi Arabia is facing unprecedented financial difficulties that will force the desert kingdom to make potentially painful policy decisions. Rut financial and diplomatic sources say the country's long-term economic health is virtually assured. Saudi Arabia emerged from the Ciulf War with
      AP  -  481 words
    • Article
      Lock icon Jobless rate surges in eastern Germany
      267 7 Reuter UNEMPLOYMENT in the former Hast Germany surged in March as the region's economy headed deeper into depression, the German government said on Thursday. At the same time, unemployment in the prosperous west fell sharply to its lowest level in 10 years. The Federal
      Reuter  -  267 words
    • Article
      Lock icon Treuhand needs 400b marks to turn round ailing firms
      372 7 FT GERMANY'S Treuhand Agency, which supervises slate-owned enterprise in the east, will need about 400 billion Dcutschcmarks (Ss42l billion) between now and the year 2000 if it is to give priority to restructuring rather those closing ailing companies, the Bonn Finance
      FT  -  372 words
    • WORLD WATCH
      • Article
        Sharp rise in Seoul's exports to China
        88 7 SOUTH KOREA'S exports to China, the Soviet Union and Hast European countries have been increasing sharply sincc January, the Korea Foreign Trade Association reported yesterday. The increase was attributed to intensive efforts by Korean companies to market electronic home appliances and textiles in
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      • Article
        ADB approves loan to India
        61 7 THE ASIAN Development Bank yesterday approved a US$l5O million (*****.5 million) special loan to India to ease economic difficulties triggered by the Gulf crisis. The Manila-based bank said the loan to the Indian Oil Corporation is to be drawn from ordinary capital resources. Ft is
        61 words
      • Article
        French minister optimistic
        93 7 FRENCH Economy Minister Pierre Bercgovoy said on Thursday he remained confident that the economy would take off again in 1991, despite a downgrading last wcefc of the economic growth forecast for the year from 2.7 per cent to 2 per cent. Mr Bcregovoy said that the second
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      • Article
        Labour wins UK by-election
        72 7 THE OPPOSITION Labour Party yesterday won the latest British by-election, held on Thursday in the Welsh sctffof Neath, with the Conservative Party candidate knocked back into third place behind the Welsh Nationalists. Labour candidate Peter Hain won 17,962 votes in the election for the local constituency's
        72 words
      • Article
        Most Canadians against deal
        107 7 A MAJORITY of Canadians oppose a proposed three-Way trade deal that would transform Canada, the United States and Mexico into a vast free-trade zone, according to a Gallup Canada poll released on Thursday. Gallup spokesman Peter Macintosh said in an interview that much of the opposition
        107 words
      • Article
        Election pledges carried out
        72 7 BANGLADESH'S new prime minister Begum Khaleda Zia has announced a package of measures, including a tax break that will benefit tens of millions, in fulfilment of pledges she made before February 27 elections. The government has decidcd to waive taxes on land holdings of up to
        72 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      172 7 Tenders above AUSS3.S4 million will be considered. Tenders close spm Friday 17/5/91 Announcing a rare opportunity to bring both your investments and lifestyle to a new peak AUSSI.SO million spent in the last two years on yO j adjoining staff facilities ■yttdTjCjCLOC A number of freestanding houses, a leased out
      172 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Prices close mixed as buyers fear to overcommit
      5031 8  -  By Quak Hiang whai SHARK PRICES closcd mixed on the Singapore stoek market yesterday, with the Straits Times Industrials Index rising 3.64 points to 1,502.35 on selective buying. Dealers said investors, mainly individuals, bought into selective blue chips. Most investors, especially institutions.
      5,031 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4029 9 Main Board GE Life 1480 -M» t2 8% SIA I100 t- 10 2.4% Jirung Ship Ml* H10 25 SIA 200 1100 20 I 6% (1C SI5 17 14% C&C Wl 220 16 7 8% Spore Bus 5<*> 600 MO I 7% KB 535 HO ICS
    4,029 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares slip in the face of poor buying support
      4077 10 Bernama MALAYSIAN share priccs closed lower yesterday in a market made listless by a lack of buying support. The KLSE Composite Index at the close eased 0.03 of a point to 591.14 while the Industrials Index dropped 2.76 points to 1,144.17.
      Bernama  -  4,077 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      112 10 NEWS TRAVELS 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 offers you the advantage of maximum reach at minimum costs. And that's Shipping Times. Everyday Shipping Times brings you: Bunker
      112 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Tokyo investors cautious ahead of US data release
      2223 11 Reuter TOKYO STOCKS yesterday closed moderately firmer after a day of see-saw trade. Positionclearing ahead of the weekend pressured prices and the steadiness of the yen supplied support, but a wait-and-see mood dominated ahead of release of US March employment figures last
      Reuter  -  2,223 words
  • Article
    STOCK EXCHANGE OF HONGKONG
    1874 11 Vol HK$ High Low ("000) Vol Apr 4 HK$ High luw (*000) Allied PptW93 0.80 unch 0.81 0.80 434 Allied Ppt 1.40 unch 1.43 1.40 4212 Allied T.W 0.89 .010 0.90 0.88 3801 Allied Tw W92 0.056 .003 0.058 0.053 534 Amoy Properties 4.475 +.075 4.50
    1,874 words
  • Page 11 Advertisements
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  • REGIONAL STOCK MARKETS
    • Aussie shares drift lower in quiet trade
      • Article
        SYDNEY
        1008 12 AUSTRALIAN shares ended the week lower after drifting down in quiet trade under pressure from a higher Australian dollar. The expected release of key data, including March US unemployment figures last night and Australia's February balance of payments data on Monday, kept investors sidelined, brokers said. "There were no
        1,008 words
      • Article
        Untitled
        78 12 Close Pwiois April 4 SYDNEY All Ordinaries Index 1456.4 1457.5 -3.4 All Industrials Index 2257.5 2253.6 +0.4 All Resources Index 844.0 848.2 -5.6 Turnover (million) 76.24 101.39 25.15 BANGKOK SET Index 874.64 868 49 +6.15 Turnover (million baht) 4030 3580 450 JAKARTA Composite Index 406.77 406.12 +0.65 MANILA Composite Index
        78 words
      • Article
        JAKARTA
        619 12 JAKARTA stock prices closcd mixed in thin trade, with turnover falling to 1.92 million shares from Thursday's 4.42 million, brokers said. The official index edged up 0.65 points to 406.77. Buying orders remain limited, but price movement seems to be encouraging. It should give a good base for next
        619 words
      • Article
        NEW ZEALAND
        185 12 NEW ZEALAND shares staged their fourth consecutive modest rise this week, but the mediocre volumes left brokers mixed about the bourse's likely direction. The market was driven by reasonable local and Australian support for Fletcher Challenge and Goodman Fielder Wattie. "Direction from here will be determined by world
        185 words
      • Article
        BANGKOK
        869 12 THAI stocks closed higher as the market waited for announcements of first quarter company results. Brokers said the market would likely be bullish after April 15 as first quarter performances were expected to be better than last year, especially in the finance and bank sectors. The SET index closed
        869 words
      • Article
        MANILA
        617 12 SHARES closed higher to kick the Manila Composite Index up to another one-year high on speculation that San Miguel Corp would declare a 100 per cent stock dividend soon. The index ended 19.49 points up at 1,148.36, compared with the previous year high of 1,128.87 on Thursday. San Miguel
        617 words
      • Article
        Untitled
        357 12 la local currency In SS In (JS$ da> year S da> year day year Apr 4 Index change change change chatty change change I World 414.4 -0.1 15.7 0.4 14.4 -0.1 12.4 fEAFE 548.0 -0.1 16.6 0.6 13.6 0.1 11.5 fcurope 432.3 00 18.6 0.2 9.8 -0.3 7.9 Pacific 900.1
        357 words
      • Article
        BOMBAY
        86 12 SHARE PRICES in Bombay recovered ahead of the weekend on speculative buying, but brokers said the market undercurrent was suspect. "It's very difficult to explain this recovery," broker Nitin Desai said. "There was short covering and the only thing ending that was anticipated good corporate results." Brokers said the
        86 words
      • Article
        Untitled
        1148 12 Seoul Apr 4 Won (TJO) Anam Elcctnc Ind I 79 Arum Ind 212 Ankuk Insu M Asia Cement 230 unch Asia Mtrtors W uneh Itank ()f( he Ju 154 fl .lank ()t I'usan 136 f2 H.ink Of Seoul 105 Bvuck.San 174 Chcil Sugar 248 I S Chcil Synlhc Tc*t 177
        1,148 words
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  • WORLD STOCK MARKETS
    • Nasdaq closes at record high again
      • Article, Illustration
        NEW YORK
        1116 13 SMALL US stocks on Thursday continued to steal the show as the Nasdaq Composite Index spurted to its third consecutive closing record. Blue chips ended lower after futures-related selling snuffed out a midafternoon rally. Hope for a cut in interest rates helped preserve the bullish sentiment in stocks.
        1,116 words
      • Article, Illustration
        LONDON
        848 13 THE FTSE 100 index yesterday broke its record intra-day high for the second consecutive day to trade 20.9 points up at 2,545.4, but fell back a touch to 2,545.1 by 1058 GMT. Thursday's record breaking level was 2,544.7. Hopes of a near-term sterling interest rate cut and economic recovery
        848 words
      • Article
        FRANKFURT
        293 13 GERMAN SHARES yesterday climbed nearly one per cent to the highest closing level in a month, boosted by firmer bond prices and buying from domestic institutions. The 30-share DAX Index ended 14.90 points higher at 1,586.87, its highest close since 1,602.29 on March 8. The DAX ended the week
        293 words
      • Article
        Untitled
        165 13 Brussels Apr 04 Francs FORWARD MARKET Acec 2665 165 Arhcd 4410 W Astur 1100 I 28 Bras*.an 580 10 Canpac 602 f 582 Cock 171 IX- Beers 750 16 Rbes (ib-lnruvBm I <22 (ievacrt 7500 f 50 (ir Bru litmh 3710 20 llohok Petro ***** 50 Ryl Dutch 2700 10
        165 words
      • Article
        MILAN
        188 13 ITALIAN SHARES yesterday closed at a fresh 1991 high, with sharp gains in Fiat shares dominating a busily traded session. Brokers said profit-taking late in the session pulled prices of their peaks, but the mood in the market remained positive. "Today's rises drew a lot of profit-taking, but it
        188 words
      • Article
        VIENNA
        144 13 SHARE PRICES yesterday closed at their highest all-year level at the weekend, closing off a week marked by a significant renewal of buying interest. The Vienna Bourse Index rose 1.52 points to 578.50, a more than 16-point rise since the beginning of the week. Among blue chips, state-controlled airline
        144 words
      • Article
        JOHANNESBURG
        407 13 THE Johannesburg stock market was generally firm yesterday following its recent rally, but trading was quiet amid investor caution ahead of the weekend, dealers said. Quality issues continued to find good support but volumes were mostly thin in the absence of fresh factors, they said. The JSE All-Gold Index
        407 words
      • Article
        TORONTO
        298 13 TORONTO stocks on Thursday edged off the day's high but closed firm in moderate trade, dealers said. Most smaller issues, which have attracted investor interest in recent sessions, closed barely changed on investor nervousness ahead of US unemployment figures due yesterday. The Composite Index unofficially ended up 7.9 at
        298 words
      • Article
        PARIS
        216 13 FRENCH share prices yesterday built on modest opening gains, encouraged by a rising bond market, and by midsession had recouped ail of Thursday's 0.85 per cent loss. The CAC-40 index was 18.06 points or 0.98 per cent higher at 1,854.27 at 1115 GMT on turnover of about 1.5 billion
        216 words
      • Article
        ZURICH
        305 13 SWISS share yesterday traded firmer at midsession as insurers, supported by lower interest rates, led the market higher, traders said. The All-Share SPI index rose 7.1 points to 1,081.3, just off a new yearhigh of 1,081.4. The SMI index of leading shares rose 10.7 points to 1,687.6. Hopes for
        305 words
      • Article
        AMSTERDAM
        348 13 DUTCH shares were trading above their morning lows at midday yesterday after a wave of foreign buying, but Amsterdam was still lagging other European bourses, dealers said. At 1150 £3M T, the CBS tendency index was down 0.2 points at 97.4, but well above a morning low of 96.8.
        348 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar opens steady in cautious European trade
      1202 14 REPORTS Ihc US DOLLAR yesterday lingered at its earlier levels against the mark and the yen as trade was quiet ahead of the release of US jobs data for March at 330 GMT. Traders said activity had ceased as the market waited
      1,202 words
    • Article
      Lock icon Sterling's rise gives UK room for manoeuvre
      670 14 Reuter STERLING's recent romp up the European Monetary System (EMS) has given the UK authorities more room for manoeuvre as far as interest rates are concerned, but it doesn't mean everything in the monetary garden is rosy. "Sterling's firmness is going to help
      Reuter  -  670 words
    • Article
      FINANCIAL FUTURES
      1180 14 SIMEX EUMOOLLAR Open High Low Sett Est Vol Op/lnt Voi 7un 91 93.57 93.58 93.56 93.57 7662 ***** 3476 Sep 91 93.33 93.34 93.32 93.32 4038 7392 595 Dec 91 92.85 92.86 92.84 92.84 1258 8543 264 Mar 92 92 66 92.68 92.65 92.65 635 4948 52 Jun
      1,180 words
    • Article
      INTERBANK FOREX RATES
      425 14 Cross rates apt5 uss SS MS Dm Yen SFr AS NZS 1.7653 2.7465 1.6690 136.15 0 5603 1.4055 I 2742 1.684*) ***** 1.5558 0 9454 0.7713 0.3174 0.7962 0.7218 ***** MS 0.3641 64.27 0.6077 0.4457 0 2040 0.5117 0 4634 0.6135 Dm 0.5992 1.0577 ***** 81.58 0.3357
      425 words
    • Article
      MONEY MARKET
      594 14 Interbank rates S$_ Bid Offer i Kcmight 4 1/2 4 5/8 I month 4 9/16 4 11/16 Smorth 4 5/8 4 3/4 l-niiinih 4 11/16 4 13/16 i Kernivhl mode: 4-5/8 I Si Bid Offer JLyi 6 3/16 6 5/16 I month 6 3/16 6 1/4 .i >hs
      594 words
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  • COMMODITIES
    • Article
      Lock icon Saudi price cuts surprise oil traders
      440 15 Reuter SAUDI ARABIA'S steep reduction in prices of crude oil for delivery in May to Far East customers has taken oil traders by surprise, hut many see the drop as shrewd marketing with an eye to other producer nations. "(The price cut) was rather
      Reuter  -  440 words
    • Article
      Lock icon India likely to export another 200,000 tonnes of sugar
      366 15 Reuter INDIA, faced with surplus sugar stocks and perilously low foreign exchange reserves, may export another 200,000 tonnes of sugar in calendar 1991, said a Food and Civil Supplies Ministry spokeswoman. "There are surplus stocks and we can export an additional
      Reuter  -  366 words
    • Article
      M'sian crude palm oil ends higher in thin trade
      852 15 REPORTS MALAYSIAN crude palm oil prices yesterday ended the week higher on further covering interest, supported by gains in the futures market, dealers said. But gains were limited as expected higher palm oil output in the coming months kept a lid
      852 words
  • Article
    PRICES
    1492 15 Rubber Aprs MS (tab >■ batai) Scents/kg Noon Close Int I RSS Prompt 141 50/142 50N 14 1 50/142 SON Int 1 RSS May 41 144 50/14 5 00 144 50/145 00 Int 1 RSS Jun I46.2VI46.75 146.25/146.75 Int 2 RSS OP 142.00/144 00N I42 00/I44 00N Int 3
    1,492 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      921 15 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 IN THE MATTER Of THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF JET ENTERPRISE CO. PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101-A Upper Cross Street #11-14 People s Park
      921 words
    • Advertisement
      Page 15 Advertisements Column 2
      542 15 IN THE MATTER Of THE COMPANIES ACT, CAP 90 M THE MATTER Of VENTURE MANAGEMENT PTE LTD (N maw VOUMTMV MKMMP) NOTICE IS HEREBY GIVEN tut at an Ertaordnary Gananl lining of tie Company waa convened aid MM at 36 Robinson Road #06-01 City Houm Singapore 0106 on S April
      542 words
    • Advertisement
      Page 15 Advertisements Column 3
      14 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS I page I I
      14 words
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  • Article, Illustration
    Kuwait Airways in full swing soon
    418 16  -  Nine new Boeings and Airbuses being added to fleet By Magdalene Phang KUWAIT AIRWAYS will start full operations in two months' time from its newly recovered home base. The airline, which lost fifteen airplanes to Iraq during the latter's occupation of Kuwait, will also
    418 words
  • Article, Illustration
    Singapore students helped by similar system in UK
    312 16  -  By Claire Leow THE BRITISH Minister of State for Education and Science has emphasised the similarities between the British and Singaporean education systems, which work in favour of Singaporean students. The two systems are based on the GCE (General Certificate of Education)
    312 words
  • Article
    Lock icon Kaifu bows to US pressure on rice issue
    166 16 Reuter JAPAN'S premier on Thursday boned to US pressure and agreed to add the rice issue to talks at his summit with President George Bush. Prime Minister Toshiki Kaifu made no bold promises of liberalising Japan's tightly guarded rice sector, but agreed
    Reuter  -  166 words
  • Article
    Lock icon Iraqi ships can call now
    85 16 Reuter SINGAPORE has lifted sanctions on Iraqi-flagged ships, the Port of Singapore Authority (PSA) says. "The Singapore government has decided to lift the sanctions imposed on Iraqi flag ships with immediate effect," it said in the statement dated April 3. Singapore said last August it
    Reuter  -  85 words
  • Article
    Egypt's tourism chief to visit Singapore in May
    294 16  -  From S N Vasuki in CAIRO EGYPTIAN tourism officials would like to woo more Singaporeans to their country. Egyptian Tourism Authority (ETA) chairman Dr Sayyed Moussa is planning a fact-finding mission to Singapore in May, when he will also promote his country's
    294 words
  • Article
    Enormous potential for Singapore-Turkey trade
    246 16 TRADE and business links between Singapore and Turkey have not touched "desirable" levels though the potential is enormous, according to Mr M Yumlu, vice-president of the Istanbul Chambers of Commerce. Mr Yumlu, who represents Turkey's largest and most powerful business association, said both Turkish and
    246 words
  • Article, Illustration
    Lock icon Reaching out to the masses
    49 16 Byelorussian Prime Minister V Kebich addressing workers during a rally in Lenin Square in Minsk on Thursday. The workers took to the square to demand the central government's resignation and threatened a general strike if their demands were not met. Reuter picture Reuter picture
    Reuter picture  -  49 words
  • Article
    Lock icon Move to turn Johor village into resort
    235 16 Bernama A GROUP of Singapore businessmen and two Malaysians plan to transform a sleepy fishing village in Kota Tinggi, about 70km from Johor Baru, into an international "floating" tourist resort. They have chosen a spot near Sungai Johor, which has been described as
    Bernama  -  235 words
  • Article
    Underwater World S'pore up for sale
    427 16  -  By Hong Lee Tiam THE WESTERN Australian government has put Underwater World Singapore, a new tourist attraction on Sentosa, up for sale. Dr Geoff Gallop, Western Australia's Assistant Treasurer, told BT in a telephone interview that the decision was taken because the government has
    427 words
  • Article
    Real-time broadcasts help newspapers: SPH editor Cheong
    384 16  -  By Dexter Lee NEWSPAPERS will continue to play a key role in Singapore despite the onslaught of the satellite age, in which television brings live coverage of events around the world into the home or office, in the view of newspaper editor Cheong
    384 words
  • Article
    Lock icon Saddam makes amnesty offer to Kurdish rebels to check exodus
    412 16 Agencies IRAQI PRESIDENT Saddam Hussein offered amnesty to Kurdish rebels yesterday in an effort to check the flight of two million terrified people to Iran and Turkey. Rebels abroad called the announcement "a sick joke." "The fleeing Kurds have witnessed
    Agencies  -  412 words
  • Page 16 Advertisements
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  • Executive Lifestyle
    • Article, Illustration
      A Cause they Serve
      1282 17  -  Three successful men give their time and energies to help raise funds for their old school. Samuel Ee finds out why they do it. Samuel Ee WHEN William Fitzjames Oldham first arrived in Singapore more than a century ago, he wasn't accosted by touts peddling fake
      1,282 words
    • STRAWS IN THE WIND
      • Article
        Star search
        113 17 IT had to happen at the Si ver Screen Ball last Saturd; they ran out of stars. the end of the evening, tt emcee called upon everyor to stand up in a toast to a the stars who had graced th event. He started lookin very desperate when
        113 words
      • Article
        Integrating
        65 17 ITS quite possible that SBS thinks people who ride on buses have PhDs in English. Take this sign at a bus-stop which was supposed to explain why service 198 was changing its route. The sign went: "Amendment to service 198: Due to network rationalisation as a result of the
        65 words
      • Article
        Interfacing
        57 17 AND speaking of verbosity, one PRO who is designated an "associate communications specialist" described her job as "corporate interfacing and human resources enhancement, and media coordination". But docs she speak English too, perchance? Do you have a straw to share with us? Send your contributions to: Lifestyle Editor, Business
        57 words
    • OPINIONS
      • Article
        Wake up and start networking at conferences
        681 18  -  Singapore businessmen missed out on an opportunity to make contacts at the recent Pacific Rim Opportunities Conference. Paul Gopal asks if our entrepreneurs have lost their drive Paul Gopal The writer is based in Canada and writes occasionally for BT 1 UCCESS exacts
        681 words
      • Article, Illustration
        vocation of proposed AG's Chambers
        110 18  -  Kim Choon Spore 0105 PER to your report headed "Key stries to be shifted to City Hall (BT, April 2) showing the location e proposed AG's Chambers. From ihoto (above) taken from my winit does not seem possible or aescally desirable to have any ings
        110 words
      • Article, Illustration
        Out with the touts
        967 18  -  Sangeeta Mulchand argues that Singapore has to take strong measures to rid itself of touts who prey on unsuspecting tourists Sangeeta Mulchand The writer is a BT journalist TOUT. The word conjures the image of a shady, and sometimes sleazy character, with an array of copy
        967 words
    • SPORTS
      • Article, Illustration
        Perera ties for lead at 138
        646 19  -  Cassandra How reports from the Bukit Course on The Rolex Masters 1991 Cassandra How THERE is only one male pro in Sri Lanka Nandasena Perera. And he certainly made his presence felt yesterday. A 4-under 67 propelled him to tie the lead at 138
        646 words
      • SIDE LINES
        • Article
          Bjorn Borg moves back to Monaco
          84 19 FIVE-TIME Wimbledon champion Bjorn Borg has established a Monaco residency again after years of judicial and financial troubles in his home country. "He has moved out," attorney Stefan Pcrsson said. "His parents notified me a few weeks ago." The move came as Borg, 34,
          84 words
        • Article
          Bunker blunder
          56 19 EUROPEAN golf tour officials admitted on Thursday that they bungled by imposing a two-shot penalty on Briton Gordon Brand Jnr in the final round of the Volvo Open in Florence last Sunday. The penalty, which could cost Brand a place on the Ryder Cup team this year, was
          56 words
        • Article
          Maradona misses record
          80 19 DIEGO MARADONA was four games short of breaking the appcarance record in the Italian first division by an imported soccer player when he tested positive for cocaine and lied home to Argentina in shame this week. Maradona, who would have broken the record if he had played
          80 words
        • Article
          Tune-up to Masters rained out
          72 19 THE FIRST round of the US$l million Independent Open golf tournament at the Tournament Players Course in The Woodlands, Texas was suspended on Thursday due to heavy rains. Only 33 golfers of the 144-man field had teed off before a temporary suspension was called after
          72 words
        • Article
          Reynolds' request rejected
          78 19 AMERICAN sprinter Butch Reynolds' request for a court order allowing him to compete while he challenges a twoyear suspension for alleged steroid use was rejected on Thursday by a federal appeals court. Reynolds, who holds the world record in the 400 metres, tested positive for the anabolic
          78 words
      • Article, Illustration
        Lock icon Michael Chang makes it to quarterfinals
        545 19 AP MICHAEL CHANG struggled past South African Christo Van Rensburg 7-5, 6-7 (5-7), 6-4 on Thursday, advancing to the quarterfinals as the only remaining seeded player in the Salem Hongkong Open. The other remaining seed, Israel's Amos Mansdorf, lost 6-7 (4-7), 6-4, 6-2 to
        AP  -  545 words
      • Article, Illustration
        Lock icon Meskhi beats Capriati
        261 19 AP NINTH-SEED Leila Mcskhi rallied on Thursday to upset Jennifer Capriati, a finalist last year, in the third round of the Family Circle Magazine Cup. The scores were 3-6, 6-3, 6-3. The 15-year-old Capriati, who lost in last year's finals to Martina Navratilova, said she had no
        AP  -  261 words
    • EPICURE
      • Article
        Palace bill
        526 20  -  Quek Swee Peng bites into coffee-flavoured pork ribs at a Chinatown restaurant Quek Swee Peng IT IS HARD for a hotel restaurant in Chinatown to garner success against the competition without some sacrifice. Often, the sacrifice, which imposes a limitation on luxury, translates itself into a smaller profit
        526 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Staking a claim to the luxury car throne
        1004 21  -  Mercedes Benz's new S-Class is the one to beat in the super saloon market, says Stuart Marshall Stuart Marshall FT ANY new car's arrival is interesting but the launch of a new luxury class Mercedes Benz is rare enough to be an
        FT  -  1,004 words
      • Article, Illustration
        Chinons and curries: a well-matched pair
        881 21  -  Wine By N K Yong REGULAR readers of this column will know that one of my pet hobby-horses is matching wine with Asian cuisine, especially local dishes. I had a great opportunity last week when a group of wine growers and producers from the
        881 words
      • Article, Illustration
        Deceptive play foils Russians
        445 21  -  BRIDGE By Sybil Holloway IN THE PAST two years the Eastern European countries have shown increasing interest in participating in international bridge events and, considering their rather limited exposure to competition, the standard of their bidding systems and play are very high. Russia took part for
        445 words
    • PURSUITS 1
      • Article, Illustration
        Chen's reflections
        674 22  -  Chen Chuan, alias Chase Chenoff, alias brother of Joan Chen, tells Cassandra How that he doesn't suffer from an identity crisis Cassandra How IF YOU LOOK, closely at Chen Chuan's paintings, you'd be wondering why he paints cows instead of pandas. But if you study his long hair,
        674 words
      • Article, Illustration
        Big money in deep waters
        608 22  -  Zenith Yachts is set to ride on the growing demand for pleasure boats here, writes Samuel Ee Samuel Ee SHE SELLS sea shells by the sea shore", so the shilly tongue-twister goes. But for some Singapore entrepreneurs, sea shells are the last thing they would
        608 words
      • Article, Illustration
        Price and prejudice
        491 22  -  Quek Swee Peng previews Sotheby's third exhibition of Chinese paintings and jadeite jewellery Quek Swee Peng WHEN the CEO of Sotheby's Holdings Inc proclaimed that part of the company's 1991 plans is "the continued development of new markets in Asia", Michael Ainslie was reiterating the art auctioneer's
        491 words
      • Article, Illustration
        REM runs riot
        619 23  -  CD Review By RINGO LIEW REM: Out of Time After a year of watching fellow Georgians The B-52s hog centrestage, REM is back with a new release that's bound to surprise old fans and intrigue new ones. The cult band's latest album features the usual loopy themes
        619 words
      • Article, Illustration
        Party time for Rascals
        468 23  -  If you think you are 'the good, the bad and the beautiful, with money to spend', Rascals may be the place to be, writes C K Tan C K Tan Daniel chong breaks out in a cold sweat every time someone has a birthday. He should.
        468 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          A satisfactory drop in results?
          64 24  -  Compiled by Lee Han Shih HERE ARE some more comments on the barrage of results that camc pouring in last week: KING'S HOTEL, after a disastrous year which saw its earnings fall almost 75 per cent, said "barring unforeseen circumstances, the directors arc of the
          64 words
        • Article
          Reveal foreign assets please
          139 24 SHANGRI-LA HOTEL is confusing analysts who want to project its earnings. This is because it has, at the last count, almost a dozen investments overseas, and not many people know if or when any of them would declare a dividend. Take 1990, for example. Dividend income
          139 words
        • Article
          Reclassify some firms on SES
          67 24 IT IS ALSO TIME for the Stock Exchange pf Singapore, in the interest of providing a clearer sectoral picture, to reclassify some companies. For example, United Industrial Corporation (UIC) is still listed under the industrial section. Fine, it still makes detergent, but most of its
          67 words
        • Article
          A hotel stock with no hotel
          70 24 ANOTHER MISNOMER is Ambassador Holdings Ltd, currently a hotel stock. Well, AHL used to own a hotel (the Ambassador), but it now has almost no property, and in fact very little business. (Its turnover of $1.2 million last year was equivalent to that of
          70 words
      • Article, Illustration
        Lock icon A time for caution in the local market
        306 24 CHMT ON THE point-and-figurc chart, the Straits Times Industrials Index index went for a downside correction after it failed to sustain its gains above the major resistance at the STII-1,500 level. A close look at the chart shows lower highs and broadening
        Source: Ong Research Trend Watch  -  306 words
      • Article
        Currencies: a double-edged risk
        673 24  -  Bored with fixed deposits but fearful of investing in stocks? Then how about putting some of those savings in foreign currencies? The risks are high but so are the potential gains. Starting this week. Investment Finance will feature updates on the major currency markets. We kick
        673 words
      • Article
        ACU deposit rates
        91 24 Currency i-mth 3-ff)th 6-mth 12-mtf) V«lu» date US$ 3.8750 3,9050 4.0050 4.3750 Apr 8 *91 AS 8.7750 8.7250 8,6050 8.5750 M.8 9.L C$ 7..Q75Q 7.0750 6.9150 6.7150 .S&JL3L. pu". 6,7750 &S25Q 5,9950 M750 Apr.O.L ECU 6.8750 6.8750 6.8750 6.8750 Apr0 91 Wz$ 8.5550 8.8150 8.8350 8.9950 Apr
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      • Article, Illustration
        Boom or doom for US$?
        589 24  -  By Chew Eng Han According to "The Gloom, Boom and Doom Report" by maverick investment manager Marc Fabcr, the US dollar has entered into a powerful bull market which will probably lift the dollar eventually to the levels of 2.40 dcutschcmark, 2.00 Swiss franc and
        589 words
      • Article, Illustration
        Lock icon Ringgit likely to strengthen this year
        580 24  -  By Chew Eng Han THE MALAYSIAN ringgit can be expected to strengthen this year against most currencies, including the Singapore dollar. Against the backdrop of flagging or moderating growth in most countries, the Malaysian economy is one of a few which arc expecting sustainable
        Source: TeleTrac  -  580 words
      • Article
        Stock up on your cash instead of equities
        509 24 CASH, not equity, is the smart investor's best bet in these days of falling stock markets, according to internationally renowned market analyst David Fuller, chairman of Chart Analysis. In his latest issue of Fuller Money, Mr Fuller says that as the global
        509 words
      • Article
        The advantage of Auto Vantage
        818 25  -  Should you zoom in or steer clear of Citibank's latest package for car-owners? Salil Tripathi finds out Salil Tripathi ON PAPER, it sounds like the greatest idea since the credit card. The consumer is supposed to be paying less for buying more. The product: one
        818 words
      • Article, Illustration
        The value of credit card schemes for personal accident cover
        558 25 Consider very carefully before joining that accident protection scheme offered through your credit card company, says The Underwriter, a quarterly publication by general insurer Norwich Winterthur Insurance (Far East). Below are extracts from the March/April issue Singaporeans pay a staggering
        558 words
    • JOBS
      • Article, Illustration
        The overseas dilemma
        1543 26  -  John Watt debates whether that foreign secondment is really necessary, and advises executives not to blindly follow the trend John Watt The writer is the Personnel Director of Id Asia-Pacific There is little doubt that the passage of time will see increasing numbers of managers operating outside
        1,543 words
      • Article
        From trainers to consultants
        512 26 Developing in-house consultants may be the way to achieve more effective training COMPANIES in the region are becoming aware of the growing need for in-house consultants schooled in the techniques normally supplied by external organisations. Jill Dodwell-Groves, manager of training and people development at Jardine Pacific,
        512 words
      • Article, Illustration
        EXECUTIVE MOVES
        572 26 Mr Phil Knights succeeds Mr Jacques Delombre as the new Area Chief Executive of SKF Asia-Pacific in its regional office in Singapore. Mr Knights will be responsible for all SKF's sales companies in the region and the regional warehouse here. He was the UK General Sales Manager of
        572 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1062 27 «y Flight ETA Flight ETD Mllllil QF081 2000 SQ227 2200 QF082 2200 Aastartfam KL838 2115 SQ23 1345 KL837 1415 SQ24 2200 HacidMd N221 1820 NZ22 1930 SQ338 2030 BA12 2155 Bandar Sari ***** 1105 SQ182 0915 h|Wll SQ181 1410 BI422 1205 ***** 2030 BI430 2125 Tintfiift
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    • THE TRAVEL PAGE
      • Article, Illustration
        The Empire State Building of ancient India
        454 27 LETTER FROM NEW DELHI ONE of Delhi's most famous landmarks, the Qutb Minar, is best visited in the tranquil cool of early morning to avoid tourists and irritating touts. The Qutb Minar is situated lOkm south of New Delhi. This intricately-carved fivestorey red
        454 words
      • Article
        MONEY CHANGER RATES
        153 27 As at 3pm yesterday: I,ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.372 1.392 Canadian dollar 1.506 I.S26 NZ dollar 1.032 1.062 Sterling pound 3.125 3 145 US dollar 1.7550 1.7650 Local dollars to 100 units of foreign currency Austrian schilling 14.80
        153 words
      • TRAVEL SLICES
        • Article
          Special package at Holiday Inn Crowne Plaza in Bangkok
          120 27 THE NEW cxecutivc tower extension at the Holiday Inn Crowne Plaza in Bangkok was completed last month, adding another 350 rooms. This is a new wing of the hotel, where rooms are likely to be of a higher quality. The hotel
          120 words
        • Article
          Bigger rooms at Grand Palace
          59 27 THE GRAND PALACE HOTEL in central Tokyo has recently been refurbished, making the rooms larger in the process. As a result, there arc now 460 rooms, instead of the previous 500. Single-occupancy tariffs now range between 15,000 yen and 24,000 yen (Ssl9s-5310), plus tax and
          59 words
        • Article
          Australia's departure tax up
          34 27 AUSTRALIA is to increase international departure tax to As2o (SSIS) per adult from June I, a 100 per cent increase on the previous level. Children under 12 years are exempt
          34 words
        • Article
          New resort hotel on Thai isle
          71 27 THOSE looking for a resort breakaway might be interested in the new Palm Reef Hotel on Samui Island (Koh Samui), off the eastern coast of southern Thailand. The beach hotel is managed by Siam Lodges, the same group that runs the Airport and Boulevard
          71 words
        • Article
          Direct bookings for Soviet rooms
          138 27 PERESTROIKA in travel to the USSR! Starting this year, some hotels will have a room allocation that can be booked direct rather than through Intourist, the state-run tour company. However, this is still a small number, around 10 per cent. But more may be available
          138 words
      • Article
        WORLD TRADE EXHIBITIONS
        134 27 Duration Title Venue Organiser Tel April International Spain Feria De (34)*****100 12-19 Agricultural Zaragoza April 17th International Centro Fundacion El (54I)*****2S Machinery Fair 5-22 Book Fair A Municipal de Libra April International Milan Ente Manifesta- *****181 Exhibition Exposiciones. 12-17 Furniture zioni Commercio Buenos Aires Exhibition April International
        134 words
    • TIME OFF
      • Article
        THEATRE
        164 28 Rhythms of the World An introduction to modern ethnic music from around the world. Presented by GG Havward. Shell Theatrette, 3rd Fir. Podium Block, Shell Tower. April 12 12.30pm to 1.15pm. Fried Rice Paradise Directed by Ong Keng Sen and choreographed by Najip Ali. Set in a coffeeshop, this
        164 words
      • Article, Illustration
        EXHIBITIONS
        298 28  -  Compiled by K Jayanti Shared Values Recent works by Teresa Lawler. The paintings were mostly produced in Singapore with Singaporean themes and surroundings. British Council Auditorium. Apr 6-20. Vam-Qpm (Weekdays). 9am-Ipm (Sat). Closed on Sunday. Sotheby's Preview Exhibition of Modern Chinese Paintings and Jadelite Jewellery More than 100 paintings
        298 words
    • Article, Illustration
      CINEMA
      682 28 Cyrano De Bergerac. Jade Classics' inaugural movie in which Gerard Depardieu plays the man with the big nose but romantic pen who woos a fair lady via proxy, I.e. a handsome but not too literate soldier who thinks "I love You" is the ultimate in sonnets. But nay, the
      682 words
  • Page 17 Advertisements
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      340 17 I Today, one watch reigns supreme. lu hi J(/ MB L'ltra-thin Ro\jl Oak for Lidies and Men in I Skt. gold. 18kt. gold and steel or all steel and Royal Oak Perpetual Calendar, mechanically programmed until the year 2100. 'Illustrated from left to nght BA 662""0 722 BA. BA *****
      340 words
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      Page 18 Advertisements Column 1
      199 18 ITER TO THE DITOR W/ 4 *r I"The shopping around here is great. What would you like me to model for you? "Just the diamond earrings will do." X Ml H rj s .<B S Summer Fantasia Package ifl Per person (approximately llk l Per night on Twin sharing basis.
      199 words
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      Page 18 Advertisements Column 2
      27 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. Doonesbury, EL 3
      27 words
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  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      124 19 DOONESBURY BY GARRY TRUDEAU A LOT OF SPOUSES ANP UMP DO YOU THINK THAT THAT BOOPSIE, LETS TALK ONES HAP NEVER REALM TAKEN EXPERIENCE HAS MADE I THINK HEY'I'VE FOR A MINUTE ABOUT PESPONSIBUMY FOR THEIR QtUN SOME OF US MORE INDEPENP- I CAN GOT THE THE CHANGES YOU'VE UVES
      124 words
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      Page 20 Advertisements Column 1
      1000 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE SETTING THE PACE FOR THE WEEK AHEAD. Sunday casuals are welcomed at chic Chinoiserie. Jeans are a goer, along with deck shoes and collared T-shirts but singlets, shorts, slippers and sandals are still not
      1,000 words
  • Page 20 Miscellaneous
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      217 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. SUNDAY tf? 'A BRUNCH: 11am gH| jB^vTHP?/T^BH adults flwV S3l cc CHILDREN Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out for both grown-ups and children. A ANA HOTEL 16
      217 words
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      Page 21 Advertisements Column 2
      55 21 II Li The freshest, liveliest seafood place in town. You'll have to go a long way to find seafood any fresher. Lunch: 12 noon 2.30 pm. Except Sunday. Dinner: 6.30pm 11.00pm. THE SEAFOOD PLACE LEVEL I THE PAN PACIFIC HOTEL SINGAPORE MARINA SQUARE, 7 RAFFLES BOULEVARO. SINGAPORE 010) TEL }J6
      55 words
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      Page 23 Advertisements Column 1
      92 23 Have you not asked or have been asked this question -m lately? I' New Pa P er Fastads i providing the answer to the thV(2€ WDst this everyday question, in III: v |j||Lunch Guide every Monday. J Whether you eat to live or live to €3.t, Lunch Gut c ■HV
      92 words
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      16 25 HI V 1 She has 1. changed your whole life we will help plan your tomorrows.
      16 words
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      Page 25 Advertisements Column 2
      498 25 LOAN The ea4ie4t way of turning shares into w t6e tgat Quick and Easy. Get instant cash for your shares over the counter at any of our 28 branches Loans from $2,000 to $30,000 Borrow for one, two or three months Use the loan for any purpose No monthly repayments.
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      Page 26 Advertisements Column 1
      139 26 BU S INESS TIMES TELEPHONE: 73Q-5771/5772/5773 FAX 7i 4 4 H 2 LUM CHANG SECURITIES PTE LTD invites applications for the post of COMPLIANCE OFFICER Main Duties: Review the business, operational accounting and credit procedures Recommend and implement internal controls and internal checks on such procedures Monitor such procedures to
      139 words
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      Page 26 Advertisements Column 2
      157 26 DHL IN THE NEWS Advertisement DHL INTRODUCES AUTOMATED CUSTOMER SERVICE To deliver even better phone-bank system, allows DHL's ACS system service, DHL Worldwide customers to select a service makes the booking of a Express now has an Auto- such as booking a shipment collection and tracking of a mated Customer
      157 words
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      Page 27 Advertisements Column 1
      42 27 Only Finnair would fly round in circles to London. Every Tuesday and Friday from Singapore to Helsinki and on to London via The Great Circle Route. Get round to calling us today. The number's *****77 We know Europe from start to Finnish.
      42 words
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      Page 27 Advertisements Column 2
      25 27 Difficulty in getting a copy of Singapore Business. Her World, Go, Home Decor, Young Parents? Call our Hotlines 740-1839, 740-1840 for locations of nearest newsstands.
      25 words
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      Page 27 Advertisements Column 3
      116 27 FOR SUCCESSFUL MANAGEMENT OF YOUR AH Stories on labour and its relationship with ■K I I Hi management, management concepts in practice, hW profiles of leading managers in Singapore and relevant book reviews. A J A ENTERPRISE MANAGEMENT, in Business vr fv/n t/ Times every Monday, is must reading for
      116 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      191 27 10 By which one can be taken 11 Crazy Zulu leader has 12 Inclination towards one point view (5) 13 One joining in a row (4) |HB— JBL JH Jlw 25 Refuse to notice the cakes have been put back (4) 28 Exploit fellow delivery per--29 Stronger flavour of port
      191 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      172 27 lA/avIJI lA|-A/| 4 worm rorecasT Asia-Pacific Hi/Lo* Cood. Auckland 22/16 Showers Bangkok 36/27 Fair Beijing 14/04 Breezy Brunei 31/23 Showers Hongkong 23/18 Sunshine Jakarta 31/23 Showers Kuala Lumpur 32/23 Showers Manila 33/24 Fair Melbourne 27/13 Sunny Perth 27/19 Cloudy Seoul 14/06 Fair Sydney 26/15 Sunny Taipei 21/17 Rain Tokyo 17/12
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    • Miscellaneous
      Page 27 Miscellaneous Column 3
      22 27 Does rrrrvprtteß? moiwe*?i<xp one. > TuvaneTcomws oP'N hcrcs vcwß unoes... nq/cr to <^es w 5WMGW..... J T j/ STAHOAMO CO. LTD- I—2-I—l MQT.
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  • Page 28 Miscellaneous
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      Page 28 Miscellaneous Column 1
      1762 28 TODAY'S TV HBBpppBHH *C£T_l2.oo PMNews(M). [Iri ImHiLl]M W Wonderworks The 1.00 Rampai Kenyalang. Putus Sudah Kasih Sayang, Happy Birthday, Bugs: SO Loo- Hf fp» m 130 Berhibur Bmama 3.05pm, SBC 5 itey Years, 6.30pm, SBC 5 WM 2 !oo Youth Club Romance and confusion The irritating rabbit is half a
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    • Miscellaneous
      Page 28 Miscellaneous Column 2
      594 28 MOVIES ON TV Staff Door Canteen, Mon t can't stand each other, the 10.30pm, SBC 12 lady eventually realises that This may sound like it's lif can be mo foHiMmg about a sarabat stall for ac- s P e l someone tors but no, it's not. It's actu- wlth L
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