The Business Times, 13 April 1991

Microfilm: NL17475
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 16/12/90 Weekend Edition. April 13-14 1991 75*
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  • NEWS & MARKETS
    • Article
      Lock icon China's president hospitalised, says PNG premier
      33 1 Reuter CHINA'S President Yang Shangkun is ill and in hospital, Papua New Guinean Prime Minister Rabbie Namaliu, who was on a visit to Beijing, said yesterday. Reuter
      Reuter  -  33 words
    • Article
      Lock icon Indian elections set for three days in May
      55 1 Reuter INDIA'S Election Commission have set May 20, 23 and 26 as polling dates for a general election. Three dates are needed for security reasons. There is no majority party emerging after inconclusive polls last November which Iked to collapse of two
      Reuter  -  55 words
    • Article
      Dow higher
      45 1 US BLUE CHIPS rose steadily in morning trading yesterday as investors bought stocks on anticipation the Federal Reserve will ease monetary policy. The Dow rose 23 to about 2929 while the Nasdaq composite index gained 2.89 to 502.20, reaching a new intraday high.
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    • Article
      Footsie lower
      51 1 SHARES were modestly lower at midday yesterday. Prices failed to react significantly to an anticipated half-point cut in Britain's base lending rate to 12 per cent. At about 1100 GMT, the FTSE 100-share index was down 5.4 points, or 0.2 per cent, at 2,526.2. Volume was 375.5 million
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    • Article
      Cebit deals hit $6.8m
      21 1 SINGAPORE companies clinched orders worth SS6.B million at 'CEBIT '91, the world's largest computer show Page 2
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    • Article
      SingLand properties
      32 1 FOLLOWING the takeover by UIC, the combined market value of Sing Land's commercial properties Shell Tower, Clifford Centre, Shing Kwan House and The Gateway fell 13 per cent Page 3
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    • Article
      Swift base
      23 1 THE Society for Worldwide Interbank Financial Telecommunications (Swift) has set up a base in Singapore to serve the region Page 5
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    • Article, Illustration
      STOCK INDICES
      30 1 Friday Change BT-MGA 722.31 +4.80 Kuala Lumpur ....577.28 +1.49 Tokyo 26,582.50 +157.31 Hongkong 3,742.00 +38 07 Sydney 1,455.8 +1.5 Thursday Change New York 2,905.45 +30.95 London 2,531.6 +12.8
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    • Article
      CURRENCIES
      20 1 Exchange rates USS SSI.7560 100 Yen SSI.2931 MS SS0.6415 Money market rates Overnight 4 5/8% -1/8 3-month .4-11/16% unch
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    • Article
      COMMODITIES
      40 1 London Gold AM fix US$361.45 +USS0 70 Rubber S'pore May l45.25«/kg fO.25 M'sia May 225 50*/kg unch KL Tin Turnover 65 tonnes +5 Spot MS 14.68/kg -0.11 Crude palm oil Turnover 905 lots -1,513 Apr MS 759 /tonne -4
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  • Article
    Many commercial buildings on the market but few buyers
    557 1  -  Others have been quietly placed on the market By Lilian Ang WHILE residential properties take centrestage in a re-cently-revived market, many commercial buildings put up for sale in 1990 are still waiting for buyers. Property consultants say there are about 15
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  • Article
    Telecom to expand Thai projects
    390 1  -  From Michelle Rowe in BANGKOK SINGAPORE TELECOM'S foothold in the Thai telecommunications industry is growing firmer, with the announcement by its jointventure partner Shinawatra Computer Group that it will expand its Datanet and Phonelink projects. Shinawatra Computer Group president Thaksin Shinawatra said the company had
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  • Article
    Lock icon Britain battling inflation with another interest rates cut
    221 1 Reuter THE BRITISH government cut interest rates for the fourth time in two months after further signs it is winning the battle against inflaI tion. The Bank of England said it was cutting its money market dealing rate by half a percentage
    Reuter  -  221 words
  • Article
    Toshiba and GE join forces in Asia
    317 1 TWO MULTINATIONAL corporations with operational headquarters in Singapore are joining forces to invest here and in Japan. A cooperation agreement announced yesterday between Japan's Toshiba Corp and the US-based General Electric could see the two companies forming a manufacturing and sales venture here
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  • Page 1 Advertisements
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Time for another Rotary small scale entrepreneur
        105 2 THE Rotary Small Scale Entrepreneur Award is again up for L'rahs. This is the third time the Rotary Club will give the annual award to a local entrepreneur of outstanding merit. It is open to individuals who have been in business for at
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      • Article
        Nobel talks to be published here
        88 2 SINGAPORE-based World Scientific Publishing Company has won the right to publish the Nobel Lectures. It's a first for an Asian publisher and will eventually fetch sales revenue of over US$l million for World Scientific, a publisher of high-quality scientific books and journals for the
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      • Article
        War declared on diabetes
        96 2 I HE MINISTRY of Health will introduce two new steps this September to tackle diabetes in Singapore: a training programme for primary health care physicians on diabetes control, and a Diabetes Education Centre to provide team support through nutritionists, pediatrists and nurse educa'ors. The ministry will
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      • Article
        Japanese foundation awards
        97 2 THE Japanese Chamber of Commerce Industry (JCCI), Singapore, will be holding its inaugural party and award presentation ceremony of its fund, known as the JCCI Singapore Foundation. To be held on April 23 at the 'acific Ballroom of the Pan Pacific Hotel, three awards will be given
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    • Article
      Local firms bag orders worth S$6.8m at CeBit
      291 2  -  By Corinne Kerk CEBIT '91, the world's largest computer show, saw the clinching of orders by local companies amounting to SS6.B million. And under negotiation are sales totalling S$ 104.3 million. Besides the 20 companies which exhibited under the Singapore pavilion organised
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    • Article, Illustration
      STI ties up with German college
      299 2  -  By Harish Mehta THE SINGAPORE Technical Institute (STI), in the effort to upgrade vocational training in the Republic, has forged its first foreign link. The institute, part of the Vocational and Industrial Training Board (VITB). has signed a letter of intent to partner the
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    • Article, Illustration
      International award for ribbon re-inker
      295 2 A LOCALLY-DESIGNED ribbon re-inker has won an international award for good industrial design, giving a boost to its market potential. Innovasia is the company behind Maxiprint, a device that re-inks used fabric ribbons found in computer printers, typewriters, cash registers and telex machines. At an
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      511 2 ha* toy n» Berth km* Dgrtw kl i Oymtn Keppd Wharves Sinar Intan 09/91 M3A 1304/1500 14 04/0600 91/2 K33 alongside 1504/1830 Zay Yar Toe 4/91 MIA 1304/1000 13.04/1400 Kjmatewrett 6E K30 alongside 1504/0600 Karabwveret 2W K29 alongside 13.04/0600 InronK Port rTTT" }«/q, S? SSiSE z^n 112
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    • Article
      CONTAINER SCHEDULE
      1375 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Record Bookin(/Babnce Rsfts Ship Voy No Elb/Btr Period From To From Neto 04 91W 15/0900 3 13/0700 13/1159 13/1400 4 13/1200 13/1459 13/1/00 '•a Ehum 481N 14/0645 1 12/1500 12/1659 12/1900 3 13/0/00 13/1159 13/1400 Into Star 23N 15/1900 3
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Value of four Singland buildings falls $400m
      653 3  -  By Lee Han Shih THH market value of Singapore Land's commercial properties tell $400 million in the first seven months after it was taken over by United Industrial Corporation (UIC), the 1990 Singland annual report showed. Released yesterday, it showed the combined value
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    • Article
      Jurong Engineering back in the black with $3.9m profit
      329 3  -  By Dexter Lee JURONG Engineering Ltd (JEL) returned to the black with a group after-tax profit of $3.9 million in 1990 and is eyeing more overseas contracts this year, especially from the Middle East. Disclosing its results yesterday, the civil engineering
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    • Article
      Lock icon MMC group profits down 33pc
      163 3 Bernama MALAYSIA Mining Corp Bhd yesterday announeed a lower group pre-tax profit of M 580.86 million (Sss2 million) for the year ended Jan 31, 1991, down 33 per cent from the previous year. Group turnover declined 22 per cent to M 5601.67 million from M
      Bernama  -  163 words
    • Article
      Warrants: premiums and gearing
      886 3 Prices (as at 11.4.91) Conversion terms Exp<fY Amount fl Optional" using issued Wrts Share Lnstk tier r i Gearing* Utflc Company (munjts) Conv price Cash Cash 1 Lnstk 2 ra value C&CWt 37.5 2.180 5 200 1.00 3.09 1 2.39 264.93 24 Causeway Inv 7.2 0
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    • Article
      Lock icon Maybank, HK firm plan to set up fund
      242 3 MBT MALAYAN BANKING (Maybank) and a Hongkongbased investment management company, CEF Investment Management, are expected to set up a fund ol up to US$4O million (Ss6B million) to tap the growing Malaysian equity market. The fund, which will be known as the
      MBT  -  242 words
    • Article
      Lock icon MISC to expand land services
      123 3 MBT THE MALAYSIAN International Shipping Corp (MISC) i is taking various steps to prepare itself for the next two j years a period it eonsiders as crucial for its liner ser- vices. MISC chairman Raja Tan Sri Muhammad Alias Raja Muhammad says in his latest
      MBT  -  123 words
    • Article
      DBS confirms Shanghai joint venture offer
      386 3  -  By Magdalene Ng GOVERNMENT-LINKED DBS Bank yesterday confirmed that it is considering China's invitation to set up a joint venture bank in Shanghai together with four other foreign financial institutions. Speaking to BT yesterday, a spokesperson from the bank said DBS Bank is in
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    • COMPANY BRIEFS
      • Article
        More branches for Oriental Bank
        43 3 MALAYSIA'S Oriental Bank, which has 14 branches, plans to open three more by the end of this year. A new branch will be set up at Bandar Park in Jalan Klang Lama, in Sg Petani and in Ipoh.
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      • Article
        Sistem Televisyen profits up 6pc
        69 3 SISTEM Televisyen Malaysia said after-tax profit for the six months ended Feb 28 rose 6 per cent to M 59.78 million from a year earlier. Unaudited group results showed turnover rose 16 per cent to M 559.32 million, but operating profits shrank 4.9 per cent
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      • Article
        Group to retain Faber Towers
        33 3 PROPERTY-BASED Faber Group Bhd has decided to retain its commercial complex, Faber Towers, in view of the encouraging office rental market and the group's substantially improved financial position.
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      • Article
        OSK forecasts M$12m profit
        76 3 STOCKBROKING firm OSK Holdings, which is seeking a listing on the Kuala Lumpur Stock Exchange, has forecast a consolidated pre-tax profit of MS 12.91 million for 1991. In the prospectus accompanying its offer for the sale of 15 million ordinary MSI shares at MS 1.35 per
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      • Article
        GM for DBS Land unit's project
        64 3 RAFFLES International, a wholly-owned subsidiary of the DBS Land group, has appointed Mr Charles Berthoud, formerly from the Walt Disney World Swan Hotel, as its general manager for Clarke Quay. Mr Berthoud, who has previously worked in Singapore in both the Shangri-La and Westin
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      • Article
        Executive committee for Ganda
        56 3 GANDA Holdings has formed an executive committee headed by Senator Datuk Dr Mak Hon Kam to take over the function of the managing director, following the resignation of Mr Ngan Ching Wen from the post on Monday. Mr Ngan Ching Wen and Mr Ngan Ching Woo
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    • Article
      OUB reviews its computer systems
      238 3  -  By Quak Hiang Whai OVERSEAS Union Bank has embarked on a three-year programme to review its computer systems that serve its personal and corporate customers, said group chairman Lien Ying Chow in the bank's latest annual report. The programme, which began last year, is aimed
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      131 3 C TAKE IT COOL OR PLAY IT HOT ATTHESUNDAYJAZZMJhOI Wake up slow and easv with Smoked Salmon and air-flown Oysters on Ice, Lobster Terrine or Game Pate with garden fresh salads. Then watch things heat up with Poached Egg Florentine, Roast Duck a 1' Orange, Grilled Giant Tiger Prawns and
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Jarden Morgan sells Deak International
        102 4 INVESTMENT BANK Jarden Morgan Ltd said in Wellington yesterday that it had sold the trading operations of Deak International Trading (US) Ltd, a non-ferrous metals trader, to Barclays Bank pie for US$lO million. The purchase was effective on March 31 and had been confirmed by
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      • Article
        Special Cavendish dividend
        116 4 CAVENDISH International Holdings Ltd, 65.28 per cent owned by Hutchison Whampoa Ltd. has declared a special dividend of 16 Hongkong cents a share, the company said in a statement to the Stock Exchange of Hongkong yesterday. "In view of the fact that the proposal for the company
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      • Article
        Hang Lung eyeing Thailand
        84 4 HONGKONG COMPANY Hang Lung Development will focus its overseas expansion on Thailand in the short and medium term, says executive director Nelson Yuen Waileung. Mr Yuen said the recent political coup in Thailand had not affected the company's schedule. But he added that Hang Lung would
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      • Article
        Top eatery sold to Tokyo brewery
        93 4 PIERRE ROMEYER is selling his famed Maison de Bouche eaterv in Brussels to a Japanese brewery for 500 million yen (US$3.7 million) and still retaining control of one of Belgium's top three restaurants. "I'm still in charge," he said happily in Brussels yesterday. Mr
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      • Article
        Thai Airways seeks listing
        66 4 THAI AIRWAYS International has formally asked for a listing on the Stock Exchange of Thailand, a report in the Bangkok Post said. SET president Maruey Phadoongsidhi on Wednesday said Thai Airways sent a letter dated April 5 and signed by president ACM Weera Kitchathorn to intorm
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    • Article
      Omni Hotels to double number of US hotels
      436 4 THE Omni Hotels Group, now entirely owned by Wharf (Holdings), is planning to almost double the number of its hotels in North America to 70 in the next few years and establish a presence in all the major Asian gateway cities. A
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    • Article
      Lock icon Daimler unit expects lower defence sales this year
      214 4 Reuter DEUTSCHE Aerospace AG (DASA), aerospace unit of Daimler-Benz AG, said 1991 defence sales would fall below three billion marks (553.2 billion) after 3.2 billion marks in 1990, due to declining defence orders. DASA management board member Gerhard Jaeger told reporters in
      Reuter  -  214 words
    • Article
      Firms invest in Thai complex
      178 4 THE Sahaviriya group and Hongkong-based Wise Power Ciroup have formed a 60/40 joint venture to develop a project on 111 Rama Road with an investment of 8t4.8 billion (SS33I million). Sahaviriya Wise Power Holdings l td will develop a residential, office and retail complex on
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    • Article, Illustration
      Bulan pig farm enters third phase
      605 4  -  Investment touches 70 billion rupiah or Ss6s million By David Chew AT LEAST 70 billion rupiah ($65 million) have been invested in PT Sinar Culindo Perkasa (SCP). the pig-breed-ing joint venture on Bulan island between Indonesian conglomerates Salim and Sinar Mas, since it was
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    • Article
      Jardine expands in two areas
      456 4 Boost for motor vehicles and luxury goods business JARDINE Pacific, the trading and services arm of the Jardine group, is continuing to expand in two of its key development areas motor vehicles and luxury goods distribution and retailing, the South China Morning Post reported. Yesterday,
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    • Article, Illustration
      Lock icon EC loses first round of Airbus dispute
      344 4 FT THE EUROPEAN Community has failed in its bid to modify the terms of reference for a disputes panel under the General Agreement on Tariffs and Trade (Gatt), which will hear a US complaint against German subsidies to sales of Airbus aircraft. Angelina
      FT  -  344 words
    • Article
      Inchcape actively pushing for growth in HK
      345 4 INCHCAPE Pacific, the Far East regional operation of London's Inchcape group, is pursuing several expansion opportunities in Hongkong, according to local chairman and chief executive Charles Mackay. The South China Morning Post reported that Mr Mackay outlined the group's growth plans yesterday, after
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    • Article
      Lock icon Indon tin firm wants banks to reschedule debt
      220 4 Reuter INDONESIA'S state-owned tin company PI" Tambang Timah, forced to start draconian cuts because of low tin prices, wants the government to reschedule its debt. Company president director Kuntoro Mangusubroto said the firm owes 52 billion rupiah in principal which costs about
      Reuter  -  220 words
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  • FINANCIAL NEWS
    • Article
      Swift plans to open office here
      364 5  -  Singapore will be used as a base to serve the region By Shoeb Kagda RAPIDLY growing demand lor its network services has prompted the Brussels-based Society for Worldwide Interbank Financial Telecommunications (Swift) to set up a base in Singapore to serve the region. The
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    • Article
      Over US$1b venture funds available in Singapore
      343 5  -  Global Fund Management International Conference By Quak Hiang Whai MORE THAN US$l billion of funds are currently available in Singapore for venture capital investments, said Mr Tan Keng Boon, managing director of Seavi Venture Management, yesterday. Speaking at the Global Fund Management International
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    • Article
      Lock icon Seidman seeks tougher lending law
      249 5 NYT US SENIOR banking regulator, William Seidman, has asked Congress to sharply reverse the deregulatorv trend of the last two decades and adopt a law that would make it harder for banks to issue loans for construction and purchases of raw land and other real
      NYT  -  249 words
    • Article
      Lock icon US firm seized over junk bonds
      229 5 NYT IN THE LARGEST failure yet of an insurer, California regulators have seized control of Executive Life Insurance, which had been among the largest buyers of high-risk "junk bonds" in the last decade under its high-flying chief executive, Fred Carr. John Garamendi, the California
      NYT  -  229 words
    • Article, Illustration
      Trend points to bullish US$
      527 5 DBS Bank weekly currency review US$/D\l: Potential bullish triangle pattern seen THE support at 1.6540 proved formidable as the dollar again bouneed off this level last Friday to trade to a high ot 1.6980 on Monday before finally settling into a broad trading range of
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    • Article, Illustration
      Bukopin assures adequate funds in bank
      297 5 BANK BUKOPIN. which is owned by more than 215 cooperatives, is assuring its depositors of the safety of their funds despite the severe financial crisis it is now facing as a result of bad loans amounting to RplBs billion (S$ 168.6 million). "1 assure
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    • SMALL CHANGE
      • Article
        Sapporo warrant issue may stimulate market
        93 5 A JAPANESE domestic warrant bond issue announced by Sapporo Breweries early this month may be just the tonic the market needs to shake off five months of slumber, some underwriters in Tokyo say. "The Sapporo issue will stimulate the market. We've received queries from
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      • Article
        Fleet's earnings forecast
        98 5 FLEET/NORS7 AR Financial Group will report earnings of US$25 million to 526 million, or 20-21 cents a share, in the first quarter, versus a loss a year ago, mainly due to a reduced loss in New England, a spokesman said, in the first quarter of 1990, Fleet
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      • Article
        UK appoints BT share adviser
        69 5 THE UK Treasury has appointed SG Warburg Group to act as financial adviser, lead broker and global coordinator lor the sale of its shares in British Telecommunications. C hancellor of the Exchequer Norman Lamont said in his March Budget speech that the government intended to
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      • Article
        JP Morgan profit up 62pc
        59 5 JF MORGAN, the fourth largest US bank, has reported a surge of 62 per cent in its first quarter net earnings from US$273 million (SS4BO million) in the corresponding quarter of 1990. That amounted to US$l.4O a share. The profit increase was based on a
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    • Article
      Lock icon Former BCCI chief plans to open bank in Pakistan
      216 5 FT ABEDI, founder and former president of the Bank of Credit and Commerce International is planning a new bank in Pakistan. The move will come as a surprise to the international banking community which had hitherto believed that Mr Abedi. who
      FT  -  216 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      87 5 APPCHNTMENTS We are looking for Ul«nt to play a five member 1 1 i family In a series for TV commercials. 1. Father: late 30s to early 40s. pleasant. f l i executive type 1 2. Mother: late 20s to early 30s, attractive, I i elegant 1 1 ii 3.
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      Page 5 Advertisements Column 2
      88 5 STARS wrv»% CtßftfS wfliv K>NfS SHtZO MATSuOftA TOOO WOOOBOiOGC SCOTT OAVIS iNCbIIRT Wltnoiw tho fiction april *i 001 'LIVE' at the l3l^elml»(irrtre EDCAN ACTION STARTS AT 4PM (WEEKDAYS) and SPM(SATURDAY& SUNDAY) SINGAPORE tickets IDETD 22 April :rwi Atpwn 'Kv«ry ticket costs onfy $1) 23-25 April $1.0 per ticket I 26
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  • Page 5 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Thailand unhappy over possible US trade move
        85 6 IHAI Commerce Minister Amaret Sila-on says the United States would not he a real friend of Thailand if his country is subject to trade retaliation under the Special 301 provision of the US Trade Act. the Bangkok Post reported yesterday. Mr Amaret was
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      • Article
        Higher duties on electronics
        100 6 INIX)NESIA is likely to raise import duties on semi-finished electronic products used in the assembly ot television sets, video sets and tape recorders to protect local producers. The Jakarta Post reported yesterday. A senior official at the Ministry of Industry, Soeparno Prawiroadiredjo, told The Post on
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      • Article
        Bangkok moves against unions
        92 6 STATE workers began the traditional Thai new year's holidays yesterday, but their powerful unions could be shattered by the time they return to work. Interior Minister General Issarapong Noonpakdi was quoted on national television on Thursday as saying that the Cabinet had approved draft legislation removing
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    • Article
      Lock icon M'sian shipments to Gulf yet to resume
      419 6 Bernama ALTHOUGH the fighting in the Gulf ended some six weeks ago, shipments of cargoes from Malaysia to affected countries in the area have still not resumed, shipping agents said in Kuala Lumpur. Services to ports in the Gulf region are still suspended
      Bernama  -  419 words
    • Article
      Lock icon Caution over tourism plan for Growth Triangle
      574 6 Experts warn of over-investment in resort projects Reuter INIX)NESIA. Malaysia and Singapore may have launched a joint campaign to turn their countries into the "Caribbean of the East" but analysts warn that huge investments do not necessarily mean success. Plans have been unveiled
      Reuter  -  574 words
    • Article
      Lock icon Langkawi developers told to start building
      197 6 Bernama EIGHTEEN developers have been told to immediately build hotels, chalets and motels on Pulau Langkawi or the approval given to them would be withdrawn. Langkawi Development Authority general manager, Haji Abdul Halil Abdul Mutalib, said the authority was unhappy over the delay in
      Bernama  -  197 words
    • Article
      Lock icon Proposed golf course may boost Penang land values
      299 6 Bernama LAND VALUES in the Balik Pulau area of the southwest district of Penang island may see some positive effects should a proposed golf course and tourist-related project near there be implemented, according to the 1990 Malaysian property market report released on
      Bernama  -  299 words
    • Article, Illustration
      Lock icon ADB: Asian economies still fastest growing
      452 6 AFP ASIAN developing economies will remain the world's fastest-growing over the next two years and must resist protectionism as other areas turn into trade blocs, Asian Development Bank (ADB) president said. Mr Kimimasa Tarumizu said that ADB developing member countries (DMCs) will sec "a
      AFP  -  452 words
    • Article, Illustration
      Lock icon Manila rejects American and NZ warning on import levy
      328 6 AFP THE Philippine government has rejected charges by two major trading partners that Manila was violating the General Agreement on Tariffs and Trade (Gatt) by imposing an additional duty on imports. "The Philippines is prepared to argue its case in any
      AFP  -  328 words
    • Article
      Lock icon Record job losses in Australia
      265 6 Reuter UNEMPLOYMENT in Australia hit a record of nearly 800.000 in March as the recession deepened, according to official figures released on Thursday. Even the government, which has been try ing to put a brave face on recent gloomy statistics, had to admit the worst.
      Reuter  -  265 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      87 6 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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      Page 6 Advertisements Column 2
      76 6 I KEPPEL FINANCE LIMITED I (Incorporated in Singapore) H I ANNOUNCEMENT I Pursuant to Article 23 (4) of the Articles of I Association of the Company, it is hereby I announced that from declarations received by I the Company as at 31 March 1991, 12.61% of I the issued share
      76 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Bundesbank chief satisfied German inflation will stay low
      488 7 Poehl says central bank's anti-inflationary policy successful FT FEARS of an imminent rise in official German interest rates were played down on Thursday by Karl Otto Poehl, president of the German Bundesbank. Speaking to foreign journalists in Frankfurt before tomorrow's meeting of
      FT  -  488 words
    • Article
      Lock icon Drop in sales renews hopes for early US recovery
      398 7 Reuter AN UNEXPECTEDLY sharp decline in US wholesale prices and retail sales in March, while confirming that the US recession endures, has renewed hopes that the turnaround might not be far off and lifted expectations that interest rates will soon decline
      Reuter  -  398 words
    • Article
      Lock icon Japan taking lead in foreign investment
      268 7 AFP JAPAN is overtaking the European Community (EC) as the world's biggest exporter of direct investment capital, the EC's statistical service Eurostat said in a report published in Luxembourg on Thursday. It said Japan's new foreign investments increased nearly four times from 7.5 billion
      AFP  -  268 words
    • Article
      Lock icon Treuhand officials in DM60m fraud
      316 7 AP THE PRIVATISATION programme in former communist East Germany ran into fresh problems on Thursday with the disclosure that up to 60 million deutschemarks (SS63 million) was swindled through the illegal disposal of assets. The disclosure marked a new blow for the Treuhand agency, in
      AP  -  316 words
    • Article
      Lock icon Japanese investors taking another look at dividend payouts
      458 7 FT JAPANESE investors have long been content to take their stock market profits in the form of capital gains. For years, the market has risen so relentlessly that dividends seemed irrelevant. But last year's stock market crash, when the Nikkei average fell
      FT  -  458 words
    • Article
      Lock icon Russians proposing new ways to entice investors
      251 7 FT MR VALENTIN PAVLOV, the Soviet Prime Minister, is expected shortly to unveil a programme to woo foreign investors to the Soviet Union by offering them large-scale concessions in oil. gas. timber and other primary industries. This emerged as fevered behind-the-scenes moves were
      FT  -  251 words
    • WORLD WATCH
      • Article
        Bonn urged to help revive Soviet-east German trade
        87 7 A LEADING German industrialist has called for extensive government aid to revive stalled Soviet-east German trade, which once accounted for up to 90 per cent of east German firms' orders. Bonn should give Moscow a direct loan of around 10 billion marks
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      • Article
        China plans big sell-off
        75 7 CHINA plans to slash prices of consumer goods sold in state-run shops to try to ease a nationwide market slump, the official China Daily said yesterday. The great sell-otT, from April 1 to June 30. will cut up to 30 per cent off the price of
        75 words
      • Article
        Japanese importing more fish
        71 7 JAPANESE imports of fishery products grew 5.4 per cent in 1989 from a year earlier to a record 2.54 million tonnes, accounting tor 30 per cent of total marine products consumed in Japan. The Agriculture. Forestry and Fisheries Ministr\ said in its annual report on Japanese
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      • Article
        US lifts ban on base building
        73 7 THE US Defence Department has lifted a 14-month freeze on USS6.7 billion (SSI 1.8 billion) in construction projects at US military bases worldwide but installed tight new controls on such projects to comply with future budget cuts and base closings. The move came one
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      • Article
        German exporters say 'no'
        67 7 GERMAN exporters said on Thursday they would resist an> moves by Bonn to act alone in prohibiting contracts with Arab buyers which included an Israeli boycott clause. The exporters' association BGA said the ban. proposed by Economics Minister Juergen Moellemann. would only be acceptable if it
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      • Article
        Peru gets loan from China
        60 7 CHINA has given Peru a US$lO million (5517.6 million) commodity loan and a USS4OO.OOO commodity grant. Peruvian President Alberto Fujimori said yesterday. The 10-year loan is interest-free, and there are no restrictions on the Chinese commodities offered. Fujimori is the first Peruvian president to visit
        60 words
    • Article, Illustration
      Lock icon The fiery ferry of death
      57 7 AP Photo A police helicopter surveys the flaming Italian ferry Moby Prince. It collided in thick fog off the Italian port of Liverno with an oil tanker on Wednesday. At least 139 people were feared dead. Only one P ers J ,n 23-year-old cabin attendant,
      AP Photo  -  57 words
    • Article
      Lock icon Kuwait plans series of loans to fund reconstruction
      355 7 FT KUWAIT plans to finance the rehabilitation of its warravaged infrastructure through a series of "minijunibo" loans ot between I ISS> billion and I Ss7 billion apiece, a senior British merchant banker said in London t)n Thursday on Ins return from the
      FT  -  355 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Surge in markets abroad gives shares a lift
      5264 8  -  By Diana Oon PRICES ON THE local market rose on a broad front yesterday, led by gains in Tokyo and on Wall Street overnight. Dealers said the market rose in anticipation of further cuts in US interest rates and was also boosted
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3980 9 Main Board IK IK lorogii HWO 30 »2X% Suiymamie Ml* 520 t 2X > 7% SI v Iorctgn I '('(I I 2ll I I'V Jurong Ship >0* XVI t 20 1 2 >% S|»"c l aiul <«X5 t 20 Hr»., Ol Securities 160 IX I-
    3,980 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares close firm at end of thin trading day
      2233 10 Reuter TOKYO STOCK.S were firmer at the end of another thin day yesterday. Most investors waited on the sidelines before the release of key US consumer price data later in the day. Bettcr-than-expected US producer price figures were an encouragement, but
      Reuter  -  2,233 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng rides an active market to close higher
      2194 10 Reuter HONGKONG STOCKS finished sharply higher in active trade yesterday, brokers said. Some said share prices were boosted by optimism about the progress of talks in Beijing on a planned port and airport project, which were rumoured to have resumed in
      Reuter  -  2,194 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Afternoon profit-taking reduces gains
      3619 11 Bernama SHARE PRICES in Kuala Lumpur yesterday closed slightly higher in quiet trading after gains were pared by profit-taking in the afternoon session. The KI.SE Composite Index closed 1.49 points up at 577.28 while the Industrial Index was 5.02 points higher at 1,119.10. Gainers led losers
      Bernama  -  3,619 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      172 11 BANKING, FINANCE INSURANCE 1991 A Business Times Special Supplement The theme for this year's supplement is "Focus: Asia j reflecting the growing economic and financial muscle of Asia as well as its importance as one of the world's fastest growing markets. Target date for publication is May 30. J Among
      172 words
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  • REGIONAL STOCK MARKETS
    • Late buying lifts Taipei; Seoul still down
      • Article
        SYDNEY
        210 12 CONTINUED buying interest in Australian shares pushed the market to a slightly higher close yesterday as investors pinned their hopes on interest rates casings in the US and Australia. Brokers said the release ot US economic data kept the market alive on the back of Thursday's Australian unemployment data.
        210 words
      • Article
        Untitled
        1680 12 Australia i A Cents VoK'OO) Apr 12 AC Minerals 75 3 ***** ACM Gold 35 -I ***** ANZ Bank 327 unch ***** Aberfoyle 395 unch 14 Add Sim 13 2 6982 Advancc Bank 546 10 407 Alcan 155 unch 2236 Amcor 484 8 I26 7 3 Ampol Ex 270 4
        1,680 words
      • Article
        TAIPEI
        488 12 LATE BUYING in the financial sector pulled Taiwan shares to a sharply higher close yesterday in the heaviest turnover for over four months, dealers said. The weighted index closed 131.85 points (2.4 per cent) higher at 5,586.46, against Thursday's 5,454.61 finish. Turnover surged to NT593.57 billion from 65.1 billion.
        488 words
      • Article
        NEW ZEALAND
        148 12 NEW ZEALAND shares ended higher yesterday, but the day's huge volume was a distortion caused by a National Provident Fund transfer of stock to a subsidiary. NPF said earlier it had transferred the ownership of the balance of its NZ$25O million in share investments to a subsidiary. NPF
        148 words
      • Article
        SEOUL
        885 12 SEOUL STOC KS lost ground for the sixth day in a row yesterday, breaching the 640 level as ongoing tight won liquidity depressed the market, brokers said. The composite stock index closed the day at 639.44, down 2.02 points from the previous session. 1 urnover was thin at 80.7
        885 words
      • Article
        MANILA
        471 12 AGGRESSIVE buying of blue chips buoyed Manila's stock market against possible pre-weekend blues, brokers said yesterday. The Manila Stock Exchange composite index gained 9.79 points to close at 1,070.58. Manila I Peso +/-VoJ C000) Apr 12 s Abra Mining 009 unch 1 Alcorn Pet A 015 unch ***** I
        471 words
      • Article
        JAKARTA
        633 12 JAKARTA stock prices closed mixed yesterday, with the index edging up 0.70 points to 412.48. and brokers said trading was slow ahead of the Moslem Eid al-Fitr holidays next week. They said heavy selling and tight liquidity kept most prices under pressure. Volume fell to 2.81 million shares from
        633 words
      • Article
        BOMBAY
        39 12 BUOYED by expectations of good corporate results, share prices surged on Thursday, overcoming end-account jitters to close nearly 19 points up. The Bombay Stock Exchange index firmed 18.76 points to 1,259.28. The national index gained 7.25 to 628.30.
        39 words
      • Article
        Untitled
        94 12 lose l*re»iuus April 12 SYDNEY Ml Ordinaries Index 1455 8 1454 I 5 \N Industrials Index 2257 1 2247 0 M>» All Resources Index 841 (I 84' 4 -♦>2 Turnover (million) 103.24 unav BANGKOK SKI Index closed M1JH Turnover (million hahl) closed unav JAKARTA Composite Index 412.48 411 8 0.70
        94 words
      • Article
        Untitled
        375 12 In kn-al mrrrnn In SS In l S$ S day tear day S year day vear \pr II Index change changf change change change chaagc World 410.9 0.6 14 7 0.4 12.8 0.3 11.6 JFAFE 541.0 0.1 15.1 0.0 11.6 -0.1 10.3 Europe 429.7 0.0 179 -0.3 8.5 -0 3
        375 words
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  • WORLD STOCK MARKETS
    • Wholesale price report helps lift Dow
      • Article, Illustration
        NEW YORK
        1374 13 THE New York stock market rebounded on Thursday, largely because the government reported a modest rise in wholesale prices for March. The report was in line with expectations, and analysts expect the report on the March Consumer Price Index, which is due before the market opens on Friday
        1,374 words
      • Article, Illustration
        LONDON
        757 13 SHARE PRICES finished higher on Thursday in quiet trading on the London Stock Exchange. Dealers said there was little corporate news or economic data to interest traders, who unanimously complained of boredom. The market is waiting for encouraging signs to reinforce underlying bullish sentiment, dealers said. Attention is focusing
        757 words
      • Article
        AMSTERDAM
        308 13 AN ABSENCE of market moving news kept Dutch shares near Thursday's levels in quiet midsession trading yester- day, dealers said. "Except for DAF there is nothing special going on," said one. Truckmaker DAF gained 1.20 guilders at 27.60, a new high for this year. Dealers said they saw no
        308 words
      • Article
        PARIS
        283 13 FRENCH shares continued mixed at midsession yesterday as cautious investors kept largely on the sidelines ahead of key US inflation figures, traders said. The market shrugged off news of another half-point rate cut by the Bank of England, which was quickly matched by some UK commercial banks. "People don't
        283 words
      • Article
        FRANKFURT
        290 13 GERMAN shares were slightly firmer in quiet trade yesterday, boosted by firmer prices on Wall Street and Tokyo and gains on the bond market. The 30-share DAX index climbed 8.57 points to 1,573.94 as of 0900 GMT Traders said technical considerations were dominating. They said the market was not
        290 words
      • Article
        BRUSSELS
        192 13 BELGIAN shares were little changed yesterday in the first hour of trading, tending slightly lower in thin volume despite the Thursday rise on Wall Street. Dealers said this followed the pattern of the week with Belgian shares failing to match the gains in other markets such as Amsterdam and
        192 words
      • Article
        MILAN
        169 13 ITALIAN shares opened slightly higher yesterday and gained further in early trading, with insurer Generali notching up gains of over two per cent. Brokers said technical factors together with speculative factors helped boost Generali in early trading. "From a technical point of view the fact the share broke through
        169 words
      • Article
        ZURICH
        367 13 THE Zurich bourse closed a touch higher on Thursday after trading most of the session slightly easier as Wall Street's firm opening lifted sentiment, dealers said. The all-share SPI index, which traded in a narrow range of 4.9 points, closed 0.4 points firmer at 1.074.2. The SMI index of
        367 words
      • Article
        TORONTO
        243 13 TORONTO stocks turned upwards in late afternoon trade yesterday, pulled higher by Wall Street and optimism the Federal Reserve would cut interest rates after the sharp drop in US March producer price index figures, dealers said. The composite index unofficially gained 10.6 to 3,504.6. Advances led declines 314 to
        243 words
      • Article
        Untitled
        89 13 April 11 lovr hwious NEW YORK Dow Jones 2.905 45 2.874 50 30.95 NYSE Financial 152.07 150 64 +2.33 SAP 500 377 63 373 15 -4 48 Turnover (million) 196.6 167.9 +-28.7 LONDON Financial Times 30 2.002 2 1992.2 +100 FrSE 100 2.531.6 2518 8 +12.8 Turnover (million) AMSTERDAM C
        89 words
      • Article
        Untitled
        269 13 Johannesburg April Hand j INDUSTRIALS A Alpha ***> I" 0 AMI I "»73 -2 AMU XXOO M) Ahcnim *5 5 Amaprup *-0 20 M» Barhms 25 Basil SlrK 22 unch Blw<M>r 1*7 '<« Smith 1 *> (mm* MM < urlln 5**' unch Idgiin. 5200 unch M Vdh FMM IM 40
        269 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      51 13 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
      51 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar steady in Europe as investors await March price data
      1256 14 REPORTS THh US DOLLAR was steady near previous closing levels in Europe as markets waited for the US to release ke\ March consumer price data. Some economists say a slowdown in inflation would give the US Federal Reserve an
      1,256 words
    • Article, Illustration
      Lock icon Fed urged to focus on reserves in setting policy
      585 14 Reuter THE Federal Reserve should focus more on controlling some form of bank reserves and less on interest rates in setting monetary policy. Mr Robert Black, president of the Richmond Federal Reserve Bank. said. That would make the central bank better
      Reuter  -  585 words
    • Article
      MONEY MARKET
      424 14 Cross rates A Pr 12 T I I I I I I I I IJSS s$ MS Dm Yen SFr AS N/S 1 USS I ***** 2.7390 1.6720 135.90 0.5593 1.4120 1.2758 I 6935 1 S$ 0.56% 1.5602 0.9524 0.7741 0.3186 ***** 0.7268 ***** MS 0.3651 64.09 0.6104
      424 words
    • Article
      INTERBANK FOREX RATES
      573 14 Interbank rates Si Bid Offer Overnight 4 5/8 4 3/4 1-month 4 1/2 4 5/8 2-month 4 5/8 4 3/4 3-month 4 11/16 4 13/16 Hgi.t mode: 4-1 1/16 s> Bid Offer T~Ziys 5 7/8 6 I month 5 15/16 6 1/16 m.>n» N 5 15/16 6
      573 words
    • Article
      FINANCIAL FUTURES
      1187 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Jun 91 93.72 93 74 93.72 93.73 6500 I58«5 7647 Sep 91 93.39 93.41 93.39 93.39 40t»0 ***** 5814 Dec 91 92.91 92.92 92.90 92.91 580 9877 2306 Mar 92 92.66 92.67 92 66 92.67 148 4992 401
      1,187 words
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  • COMMODITIES
    • Article
      Lock icon Kloffe's launch will not alter KLCE plans
      391 15 MBT THE possibility looks very real for Malaysia to have two financial futures markets. Both exchanges, in which case, will need to battle it out for the better share of a market already described as rather small, although a growing one. While the
      MBT  -  391 words
    • Article
      Lock icon Four American commodity exchanges set to relocate
      304 15 Reuter FOUR of New York's five commodity futures exchanges are expected to announce by Monday that they are forging ahead with a plan to relocate regardless of the position of the New York Mercantile Exchange, sources close to the talks said. "An announcement
      Reuter  -  304 words
    • Article
      High offerings send KL tin down 11 sen
      872 15 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market shed another 11 sen to elose at MS 14.68 on buyers' reserve and high offerings by miners who were selling in advance ahead of the Hari Raya holidays next week. Dealers
      872 words
  • Article
    PRICES
    1517 15 Rubber Apr 12 HAS (Ml in bates) S cents/kg Noon lose Int I KSSPrompt 142.51V 14.1.5<>N I42.75/I4.1.75N Inl I KSS M.iv 91 I4SIXVI45 50 I4> 25/145.75 lull KSS Jim 146 75/147.25 147 00/147 St) Inl 2 KSS Ol' 142 25/I44.25N 142 50/144 SON Int .1 KSS OP 117.75/1 19.75N
    1,517 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      11 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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      Page 15 Advertisements Column 2
      263 15 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 FORM 69(4) NOTICE OF DIVIDEND Name of Company G-Star Re Ltd (In Creditors' Voluntary Liquidation) Address of 9 Penang Road #12-00 Registered Office Park Mall Singapore 0923 Court No of Matter Amount Per Centum 18.84% First and Final or Otherwise First When Payable 15
      263 words
    • Advertisement
      Page 15 Advertisements Column 3
      200 15 THE COMPANIES ACT (CHAPTER 50) AND In the Matter of TRASINCO DEVELOPMENT PTE LTD (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 ot the Companies Act Chapter 50. the tinal meeting ot the members of the Company w« be held at
      200 words
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  • Article, Illustration
    Some Asean countries do not want to link bonds with bases
    553 16  -  PM Goh Chok Tong in Manila From Alvin Tay In MANILA THE PHILIPPINES' move to link its proposed bond issue to the American bases in the country will be in conflict with the wishes of some other Asean countries
    553 words
  • Article
    Mission can help identify investment areas
    500 16 PRIME MINISTER Goh Chok Tong yesterday suggested that Singapore send an economic delegation to the Philippines to identify economic and geographical areas which can serve as homes for Singapore investments in the Philippines. Speaking at a press conference on the second day of his
    500 words
  • Article
    Lock icon Instability could prompt outflow of funds from India
    302 16 Reuter INDIA'S continued economic and political uncertainty could spark an outflow of vital funds deposited by nonresident Indians (NRIs), bankers said. "The NRIs are very much like foreign investors, they get jittery with uncertainty, and at this point in time, India is
    Reuter  -  302 words
  • Article
    Lock icon IBM reports historic first quarter loss of US$1.73b
    259 16 AFP INTERNATIONAL Business Machines (IBM) yesterday announced the first quarterly operating loss in its history a US$l.73 billion shortfall worldwide in the first three months of the year. The loss was due mainly to an accounting change that involved increased outlays for
    AFP  -  259 words
  • Article
    HKSE changes rules to prompt more listings
    369 16  -  From Catherine Ong in HONGKONG THE Stock Exchange of Hongkong yesterday announced changes to its listing rules in a bid to attract new listings and speed up procedures for raising capital. Most of the changes will be welcomed by listed companies and those
    369 words
  • Article
    Lock icon Mahathir ready to face attempts to topple him
    275 16 AFP MALAYSIAN PREMIER Mahathir Mohamad said yesterday that he was prepared to face attempts to topple him and would continue to defend himself. "I will not fall as long as that moment has not arrived," Dr Mahathir said in an interview. Bernama,
    AFP  -  275 words
  • Article
    Call for a one-stop investment agency
    554 16  -  Trade mission to Hainan Island From Yong Pow Ang in HAINAN A ONE-STOP investment promotion agency in Hainan will go a long way towards enhancing businessmen's confidence in tapping the island's rich resources. The Minister of State for Trade and Industry, Mr Mah Bow
    554 words
  • Article
    S'pore doing its best to help businessmen
    197 16 TO help Singapore businessmen investing overseas, the government will do all it can to facilitate the relationship with the host country. But the businessmen must not expect the government to interfere with the policy of the other government. Mr Mah Bow Tan, Minister
    197 words
  • Article
    Lock icon Fed may cut interest rates today, say economists
    281 16 Reuter THE Federal Reserve may lower interest rates as early as this morning, following lower than expected consumer inflation data for March, economists said. Economists are expecting a 50 basis point cut in the Fed's discount rate to s'/2 per cent followed
    Reuter  -  281 words
  • Page 16 Advertisements
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon The party behind Zouk
      1315 17  -  Zouk's owners talk to Harish Mehta about how foreign languages and zucchini make a successful combination. Harish Mehta I LEARNT a new foreign word this week. Zouk. Zounds, no! This is not a rude four-letter word, not in the least. Neither is it a word out
      (Photos by Arthur Lee)  -  1,315 words
    • STRAWS IN THE WIND
      • Article
        Stung
        43 17 AFTER a newspaper report that said royal jelly has less nutritive value than a bowl of cornflakes, somebody called up the newsroom to say that the story broke his rice-bowl. To which someone replied: "Poor guy, his bees-ness is no longer bee-sy."
        43 words
      • Article
        Passion food
        55 17 GEORGE Weston, the Australian food giant, obviously believes in catchy names for its various companies. It has one called Love Starches and an adhesive company known as NB Love Adhesives. It has also a factory in Thailand that produces "Newly Weds Foods". Wonder if it makes any goodies
        55 words
      • Article
        Banking on names
        60 17 WHAT'S in a name? Ask Citibank. In one of its latest publicity drives, it offers a host of gifts to people who successfully introduce their friends to the privileged world of Citibank Ready Credit. They are: a flexi-time keeper (calendar clock); hands-off carbohydrate primer (rice cooker); post-party
        60 words
      • Article
        Bowled over
        43 17 SEEN in a list of newly registered companies: Superbowl The Art of Eating Congee. Porridge for thought, perhaps? Do you have a straw to share with us? Send your contributions to: Lifestyle Editor, Business Times, 390 Kim Seng Road, Singapore 0923
        43 words
    • OPINIONS
      • Article
        It's time to make the right moves
        833 18  -  Dexter Lee says a combined public and private sector effort is needed if Singapore is to make its mark in the chess world Dexter Lee The writer is a BT journalist THE Senior Minister of State for Education, Dr Tay Eng Soon, recently
        833 words
      • Article
        Why Insolvency Bill is needed
        307 18  -  Qua Vadis 1 REFER to the article "Bill to revamp bankruptcy laws to be tabled soon" (BT, March 18). Our legislators arc to be commended for updating our Law in line with the English Insolvency Act 1986. We have inherited a good portion of our
        307 words
      • Article
        Bear wastage in mind when planning internal finishing
        609 18  -  Farok Majeed Chairman Renovation and Decoration Advisory Council (Radac) An Advisory Council of CASE RADAC fully supports the next fiveyear phase plan of HDB to provide higher standards of finish for HDB apartments. It is also exciting to note that old HDB
        609 words
      • Article
        Small investors as SME participants
        258 18  -  John M Carter I REFER to the Enterprise and Management Page article "A new thrust for small enterprises" (BT, April 8). Mr Peter 800, the president of the Association of Small and Medium Enterprises, is to be congratulated for his decision to attack the longfelt
        258 words
      • Article
        What VANs are not allowed to carry
        106 18  -  Ms Stephanie Yap Corporate Communications Officer Singapore Telecom WE REFER to the article "Government says US claim of protectionism is misleading" (BT, April 11). We would like to draw your attention to a quote attributed to Mr Sin Hang Boon, Vice-President of Business
        106 words
      • Article
        Sesdaq firms trek up Mt Enterprise
        376 18  -  Chong Huai Seng Managing Director John Govett (Asia) Pte Ltd YOUR Analysis Page article "Sesdaq counters fail to dazzle" (BT, April 8) failed to do justice to entrepreneurs in Singapore who, in spite of the many difficulties mentioned in your article, are continuing to
        376 words
    • SPORTS
      • Article, Illustration
        Marathon City
        856 19  -  December 15"s the date. But Mobil's launch last week of its 1991 biennial marathon, its fourth, came not a minute too soon. The 42.195-km event deserves in fact a bigger boost on the Singapore sports scene, says Anna Teo Anna Teo SOME are low-key domestic events, others spectacular
        856 words
      • Article
        Lock icon Wadkins, Gallagher lead field with 67s
        482 19 THE US MASTERS AP JACK NICKLAUS led the list of golfing old folks who rose on Thursday to challenge Nick Faldo's march to Masters history, while l.annv Wadkins and Jim Gallagher led the field with 675. Nicklaus, 51, the only sixtime Masters champion, was
        AP  -  482 words
      • SIDE LINES
        • Article
          Bruno wants to make a boxing comeback
          130 19 FRANK BRUNO is still clinging to his dream of making a boxing comeback, despite being told he may never tight again. Eye specialist Professor David McLcod will next week operate on Bruno's torn retina but the former world title contender turned pantomime artist
          130 words
        • Article
          Becker upset in third round
          68 19 SERGI BRUGUERA of Spain upset top-seeded Boris Becker of Germany 6-2, 6-4 on Thursday in the third round of the Conde de Godo tennis tournament in Barcelona. Brugera, seeded 15th, is the current Spanish champion and won the Estoril Open in Portugal last week. Becker
          68 words
        • Article
          Cup timing worries US team
          82 19 THE TIMING of the Davis Cup smack between the red clay of the French Open and the green grass of Wimbledon has US captain Tom Gorman scrambling, piecing together a jigsaw puzzle of players and places for America's second round match against Spain. Pete Sampras,
          82 words
        • Article
          Doping scandal probe reopens
          65 19 BRITAIN'S Jockey Club is to resume investigations into a horse doping scandal after the director of public prosecutions decided against proceeding with any actions against former jockey and trainer Dermot Browne. He was questioned by police after three fancied horses failed badly in races last September.
          65 words
        • Article
          Treacy gears up for marathon
          51 19 JOHN TREACY, considered the biggest threat to break "The African Connection" in Monday's Boston Marathon, doesn't yet know the true feeling of being a marathon winner. Since beginning his marathon career with a stunning second-place finish at the 1984 Olympics, the 33-year-old Irishman still is
          51 words
        • Article
          Waite's one-shot lead
          62 19 NEW ZEALAND native Grant Waite shot a 7-under 63 on Thursday for a one-shot lead after the first round of the US$3OO,OOO (*****.000) Deposit Guaranty Golf Classic in Hattiesburg, Mississippi Waite, a former University of Oklahoma golfer playing a tour event for the first time this season,
          62 words
    • EPICURE
      • Article, Illustration
        Museum piece
        775 20  -  Quek Swee Peng wanders into a 1919-built-warehouse-turned-wonderland Quek Swee Peng rill SUN SIIONI tortuously on the sticky skin. A light breeze, after rippling the waters of the Sinv ipore River, deeided on a slight distraction to ctxil the skin momentarily before teasing the hair. We were walking along
        775 words
    • LIFESTYLE 1
      • Article, Illustration
        Lock icon Connery — a hero for all seasons
        1218 21  - Connery a hero for all seasons Sean Connery talks to Nigel Andrews about his long and unconventional film career and the offbeat roles he likes to play Nigel Andrews FT AI)I) a heard grown for his film The Russia House and two roguish eyebrows and one sees why Sean Connery
        FT  -  1,218 words
      • Article, Illustration
        Exquisite samples from the Fatherland
        732 21  -  WINE By N K Yong FOR the cognoscenti, the name of Egon Muller-Scharzhof in the Saar is one of the finest in German wines. The tasting presented by Egon Muller Jr last week of his wines showed why they're among the world's most sought-after. The
        732 words
      • Article, Illustration
        A trump coup: the ways and the means
        347 21  -  BRIDGE By Sybil Holloway PLAYING in a teams match recently, Yogesh Tiwari held South's hand in the deal below and found himself in a four-heart contract after his partner hid;opened the bidding with one no-trump. Yogesh won the lead of the HQ
        347 words
    • PURSUITS 1
      • Article, Illustration
        Lock icon Bella donna
        720 22  -  Bella donna. Beautiful lady. And Salil Tripathi couldn't agree more when he comes face to face with Isabella Rossellini Salil Tripathi THE PIANIST is on the stool, tapping his fingers furiously, but he hasn't played .-I* Time Goes By yet. But you can't blame him; he is not
        Photo by Arthur I,ee  -  720 words
      • Article, Illustration
        Tasting portions only
        660 22  -  Fried Rice Paradise may tease the taste buds but fails to satisfy Jaime Ee's hunger pangs Jaime Ee's JHT ried Rice Paradise rl The garnishing are JL very nice Can't say much for the stupid rice THE thing about musicals is you have to decide which is
        660 words
      • Article, Illustration
        Bee Gees: staying alive
        633 22  -  CD Review By RINGO LIEW BEE GEES: High Civilisation It's evident from the first note that the Bee Gees have been listening a lot to the radio during the hiatus since their last release. High Civilisation is littered with the hooks and cranked out by the
        633 words
      • Article, Illustration
        The lion's strides
        766 23  -  Italian looks, French pedigree: the Peugeot 605 proves that French cars can he more than just comfortable, writes Samuel Ee Samuel Ee A CHAP I know who spends nearly half his waking life in the 100 once told mc that if a French car maker ever made
        766 words
      • Article, Illustration
        Here's sand in your eye
        776 23  -  After surviving a desert safari S N Vasuki thinks he sees a mirage when he chances upon a brilliant looking golf course. But, no the grass is as green as any valley, he discovers. S N Vasuki ALLISON and Mohammed make an unlikely team for
        776 words
      • Article, Illustration
        Golfballs in the desert
        520 23 THE ROAD to Jebcl Ali. Dubai's industrial hub. is paved on either side by the palaces of the ruling family. Though the Dubai Muncipality has made a conscious attempt in recent years to grow trees, the landscape is not particularly interesting. Through patches of green the
        520 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME!
        • Article
          Drawing one's own boundaries
          140 24  -  Compiled by Lee Han Shih REMEMBER ROBERT KUOK, the man who raised many an eyebrow a few years ago when he announced in Hongkong that he was not a Singaporean? (He is actually a Malaysian who lived in Singapore for many years before going over to
          140 words
        • Article
          Local gathering Down Under
          135 24 WE HEAR the No 2 of the Urban Redevelopment Authority. Khoo Teng Chye, is heading Down Under early next month to deliver a paper on how Singapore was transformed from a colonial town into a world class city in 25 years. He will be speaking at
          135 words
        • Article
          Look who's chicken
          171 24 SINGAPOREANS must be enamoured of ehicken as food. I or how else do you explain the popularity of the meat on the menus of fast-food operators? So far, there's Kentucky Fried Chicken and Texas Fried Chicken, not to mention Mac Donald's Mac Nuggets and Chicken Sandwich and
          171 words
        • Article
          Hey, we're in the big league
          135 24 IN CASE any of you tycoons out there are not aware, you are supposed to fill in the gap left by the Japanese in the Hongkong property market. In its latest report. Colliers Jardine, a consultant firm, said the Japanese were now net not
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      • Article
        This is the year of the second board
        488 24  -  Shoeb Kagda says Sesdaq counters deserve another look Shoeb Kagda SFSDAQ, the secondary equities market often overlooked by investors, is well placed to take off in 1991, according to the Singapore Scsdaq Fund's just released annual report. Although the past year has
        488 words
      • Article, Illustration
        Lock icon Between a bank and a casino
        704 24  -  Mention unit trusts to the average Singaporean market player and you'll probably get a yawn. But things may change, says Diana Oon Diana Oon WHO puts trust in unit trusts? Not enough people to make them a major force, apparently. The paradox is that
        Source: The Wyatt Company  -  704 words
      • Article
        Not for investors out for a fast buck
        763 24 A comparison of the performance of unit trusts in Singapore was conducted by Wyatt. the actuarial consultants. For convenience, one fund from each of the fund managers was selected: the Big Four local banks, Credit Lyonnais Asset Management and two funds from
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      • Article, Illustration
        Lock icon Much ado about a little scare
        560 24  -  CHART By Najeeb Jarhom The writer is research manager of b'raser Roach Co THF minor scare earlier this week was triggered as much by Wall Street's volatility as the deteriorating local volume and breadth figures. But as soon as the bigger players realised that
        Source:  -  560 words
      • Article, Illustration
        The golden years should be just that
        812 25  -  TAKING After retirement, money should he the least of one's worries. But how many Singaporeans are confident ot that? By Alan Street Professor Street is with the j M l This artiele was contributed hy the Life issurance Assoiialion of Singapore THE main
        812 words
      • Article, Illustration
        Put your money in pesetas
        525 25  -  In the second of a regular series on foreign currencies, Chew Eng Han takes a look at two high-yield currencies Chew Eng Han Looking for highyield currencics? Try the Spanish peseta, one of the more exotic currencies, at least in this part of the world.
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      • Article
        The Indonesian rupiah beckons
        247 25 BELIEVE it or not, there are actually some people who have defied all danger signs and bought the Indonesian rupiah and deposited it in term deposits. For those who are not familiar with this currency, it has been subjected to three devaluations since 1978 (the most
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    • JOBS
      • Article, Illustration
        Coping with a mid-career crisis
        1169 26  -  Elaine Ng talks to several managers who are now in the throes of a mid-career crisis. She finds out how they are coping, and suggests what firms can do to help Elaine Ng The trend of executives switching from MNCs to Asian business groups could
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      • Article
        HK firms lead in retirement packages
        565 26 A Hongkong report studies the retirement benefits provided by firms in Asian countries HONGKONG has the region's weakest government-spon-sored retirement provisions but the crown colony is moving fastest in providing com-pany-sponsored retirement packages. Social security in the sense of a comprehensive programme covering retirement,
        565 words
      • Article, Illustration
        EXECUTIVE MOVES
        467 26 Mr Jim Williams is promoted to Executive Director of Jones Linn Wool ton. He has been a Director of JLW in Singapore and Australia for over five vears. His expertise includes development consultancy and marketing of major ottice buildings and investment and financial analvsis. He will continue his
        467 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1036 27 City Flight ETA Flight ETD City Flight ETA Flight ETD Adelaide QF8I 2000 SQ227 QF082 2200 2200 Kuala Lumpur MH629 MH640 0020 0805 MH602 SQl 02 0700 0730 0740 Amsterdam SQ23 KL837 1345 1415 KL838 SQ24 KL838 2115 2200 2240 MH630 SQl 03 MH605 SQ105 SQ107
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    • THE TRAVEL PAGE
      • Article, Illustration
        A seaside town called Carmel
        585 27 POSTCARD FROM SAN FRANCISCO IT is possible to make Carmel a hurried oneday trip. But the advantages of a weekend stay go beyond the five-hour round-trip drive. The best you ean do is to enjoy Carmel leisurely and use it as a base to explore
        585 words
      • Article
        MONEY CHANGER RATES
        152 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Oflcr Australian dollar 1.370 1.390 Canadian dollar 1.513 1.533 NZ dollar 1.025 1.055 Sterling pound 3.128 3.148 US dollar 1.7530 1.7630 (>ocal dollars to 100 units of foreign cirtncy Austrian schilling 14.70 15.70
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      • TRAVEL SLICES
        • Article
          Shang's special introductory offer
          72 27 THE 566-ROOM Island Shangri-La in Hongkong opened last month. It is offering a discount until Aug 31. With the discount, rates start at HK$l,l5O per night (about SS26O) for a superior room, and suites from HK54,700, plus 15 per cent tax and service. This represents a
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        • Article
          Thai-Japanese air deal
          109 27 THE THAI GOVERNMENT has given permission for Thai Airways International (Thai) and Japan's national airlines to increase commercial flights between Japan and Thailand from 44 to 56 flights each weekly. Officials said the Thai Cabinet approved the move on Tuesday after being told Japanese and Thai negotiators
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        • Article
          Le Meridien in Jakarta
          67 27 THE NEW Le Meridien hotel in Jakarta is due to open any time now. Room prices at the 264-room hotel start at US$l6O (about SS29O) per night, and from US$l9O on the executive business floor (Le Club President). Hotel facilities include three restaurants, a health club
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        • Article
          Heathrow here we come
          62 27 HONGKONG'S Cathay Pacific Airways Ltd will introduce a daily non-stop flight to London's Heathrow airport from April 30. Cathay, which flics daily to London's Gatwick airport, decided to introduce a second route after the British aviation authorities lifted restrictions on new airlines operating at Heathrow. This
          62 words
      • Article
        WORLD TRADE EXHIBITIONS
        104 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser lei April 17th International Centro Fundacion FJ (541)*****25 April XVI International Buenos Chamber of (54IHWW4 5-22 Book Fair Municipal de Libro 11-26 Furniture Aires Manufacturers Exhibition Exposiciones. Exhibition of Furniture Buenos Aires F.xpomueble 91 Bacacay April International Barcelona
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    • TIME OFF
      • Article
        THEATRE
        239 28 Symphonic Sounds 36 Guest conductor Shalom Ronly-Riklis. Entitled "The Best of The Classics", this concert by the National Theatre Symphonic Band will bring to 36 the number of concerts presented in the Symphonic Sounds Series. Highlights of the concert include: Orpheus in the Underworld. Finlandia. West Side Story and
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      • Article, Illustration
        EXHIBITIONS
        256 28  -  Compiled hy K Jayanti Kala Chakra (Wheel of Time) An exhibition by S Chandrasekaran, a local artist and teacher at The Nanyang Academy of Fine Arts. His exhibition piece is inspired by his interest in Hinduism and its symbols and relevance in the relationship between Man and God. The
        256 words
    • Article, Illustration
      CINEMA
      644 28 Cinema Paradiso. When an old film projectionist is blinded in an accident, the young boy who's always hanging around him takes over and learns that life is not always reel. Midnight tonight at Jade Classics. Cyrano De Bergerac. Jade Classics' inaugural movie in which Gerard Depardieu plays the man
      644 words
  • Page 17 Advertisements
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      Page 18 Advertisements Column 1
      126 18 I Only a few people will ever using only the finest materials, fixtures experience the beauty of this superbly and fittings that are available in the world elegantsoapdishwithitsownwrap-around today. You will also soon realise that an i bathroom. Allmilmo is a little more than just a Introducing the world's most
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      Page 18 Advertisements Column 2
      2 18 Dooneshurv, EL3
      2 words
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      Page 18 Advertisements Column 3
      30 18 LETTERS TO THE EDITOR BT welcomes letters from you. Address them to: The Editor, Business Times, Times House, 390 Kim Seng Road, Spore 0923. Letters should include your contact numbers.
      30 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      116 19 great. What would you like me to model for you? "Just the diamond earrings will do." I y Summer Fantasia Package j HK$ 500 I 3g Per (approximately er on 'Minimum two nights. Total price tor single at HKSBBO per night, HK$ 1,000 per night tor twin, and HKSI,3BO per
      116 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      57 19 DOONESBURY BY GARRY TRUDEAU ANPNOHJ THANKS.ZONK, OUROU/N VIBUJ3 FOR AN THAT iVHATA GROWN I COMPPOMtStP HOT JUST THt I rnSuna) IziTUFDn' anDHAL SJS2SSSr/2wy WOMAN-BVEHAPRST I DtONfTf BUT THt SttURTTI Cf-1 ammr. I DC £t^!£ L> I pmipeNCf, MUCH AS TT MAXK? UOSdPPOOPS IS H3R HAP PURIN6 A PREVIOUS AP- 5?
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      205 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE 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 LIGHT
      205 words
    • Advertisement
      Page 20 Advertisements Column 2
      338 20 iCALIFORNIAN CUISINE TOO LATE FOR BREAKFAST? TOO EARLY FOR LUNOH? CALIFORNIAN BUFFET BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ BAND TO PUT YOU IN A MERRY MORNING MOOD. EVEN A LEGO PLAYGROUND NEXT DOOR FOR THE SMALL ONES. BRUNCH AT NUTMEGS IS AN OUTING FOR THE WHOLE FAMILY. SUNDAYS
      338 words
    • Advertisement
      Page 20 Advertisements Column 3
      282 20 1 lave Pbolside "BBQ Buffet" Under the Stars! k <T Sou', besidev our weekend steamboat buffet is the rnru "allym-can-eat" Btirbecfue Buffet. BBQ Buffet Adult: $17.(K) Child: $11.1)0++ f *^^5^ At luldhlt tml\ on /inc' ututhii F \>AcAg/^ Steamboat Buffet* V Adult: Child: SitMX) u S<» ht'tui ft n Sic
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      Page 20 Advertisements Column 4
      231 20 Scandinavian Buffet Lunch idjjP April 1 30 Noon 2.30 pm Adult: $36 Child below 10: $18 We serve the world to you at The Belvedere. v ifamdmk CD I* rfcc trWilM if asmr\ in Othttd Raid S«>«dp<xr WJ t Tri *****11 An experience you wffl not forflet. A choice of
      231 words
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      Page 21 Advertisements Column 1
      236 21 AND ENTEBTAIN Brunch Is A Family Affair Every Sunday. SUNDAY BRUNCII: j ham -i) ADULTS flpj U^^'7 < 2 m wi-oo»» T HILURKN Every Sunday, Hubertus Grill becomes the venue for a great Sunday family outing. A scrumptious buffet spread is laid out tor both grown-ups and children. il ANA
      236 words
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      Page 21 Advertisements Column 2
      60 21 I he freshest, liveliest seafood place in town. \ou I haw to go a long way to find seafood any fresher. Lunch: 12 noon 2.30 pm. '9~ "^X* Except Sunday. Dinner: 6.30pm 11.00pm. I Ilk NHK)(M» PI *< K IHH 2 rill PUfdim HOTEL SINGAPORE MARINA AH I- NAfH ES
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      10 25 changed your whole life we will help plan your tomorrows.
      10 words
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      Page 25 Advertisements Column 2
      502 25 I LOAN i The ccuieAt way of turning shares into ta4& m tAe 4Mt Quick and Easy. Get instant cash for your shares •?**■*jrajag^^ajj over the counter at any of our 28 branches 1 Loans from $2,000 to $30,000 I IGU TumbtCT 2 1 bottle Remy Martin VSOP <3c!) Borrow
      502 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      243 26 BUSINES S T I M E S TELEPHONE: 730-5771/5772/5773 FAX; 734*4982 Our client, a major European hank with assets in H excess of US$lOO billion and branches in over countries, seeks a MANAGER CORPORATE MNKING for its Singa|M>re Branch which is responsible lor th«• bank's activities in ASK AN. the
      243 words
    • Advertisement
      Page 26 Advertisements Column 2
      152 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
      152 words
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      Page 27 Advertisements Column 1
      40 27 Mickey, slip into New York like the Finns do. With a superb twice-weekly service from Singapore direct to Helsinki and a daily connection non-stop to the Big Apple. Call *****7 7 for details. W.- lu>m Kun«jr trim start k> Finnish
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    • Advertisement
      Page 27 Advertisements Column 2
      94 27 FOR BITS AND BYTES Geared to keep the busy business executive abreast of new technologies he can exploit to full I advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tcch -SJ I \fC J Although its primary
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      306 27 5 Is able to include a foot of g— ~~MM" a long garment (6) I I I I I -MB—— 8 Quadruple one's efforts ~~T perhaps (8) 9 Feature about doctor who 10 I I will proceed with the trade 10 Fish and meat eater (5) 11 Cloth found on
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    • Miscellaneous
      Page 27 Miscellaneous Column 2
      181 27 wrwTTTTTWKKKM Asia-Pacific Hi/Lo* Cond. Auckland 18/10 Fair Bangkok 28/27 Fair Beijing 17/07 Cloudy Brunei 32/24 Showers Hongkong. 27/21 Sunny Jakarta 31/24 Fair kuala Lumpur 33/23 Showers Manila 34/26 Fair Melbourne 28/07 Cloudy j Perth. 21/16 Showers Seoul 20/10 Cloudy I Sydney 25/14 Sunny j Taipei. 30/22 Fair I Tokyo 19/12
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    • Miscellaneous
      Page 27 Miscellaneous Column 3
      15 27 wypcsy....: G J is_J fe'i 8403 f EVENING STANOARO CO. LTD.. IM2-IMI i t I
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      2002 28 TODAY'S TV ■■ppvpiMHi ■■PWPOTVPWMHI M. 9-00 Children's Club f|\Tll^HlTll:SM!n-$S i > >-'■ irrftfr 10.00 The Bugs Bunny Show 10.35 The Hello Spencer Show. V 11.00 HadisNabi. Keluarga 69, 3pm, SBC 5 The' Great Moghuls, 7.30pm, *{f Tiff US TvSSfii! t,,ldrCn> Another P Ramlee comedy in SBC 12 12.00 PMNews(M). which
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    • Miscellaneous
      Page 28 Miscellaneous Column 2
      573 28 MOVIES ON TV Farewell, Miss Freedom, Mon, on the same side as the evil I lpm, SBC 12 Darth Vader. A family of Greek immi- Klgeilluthlt Wed 9.301 m. grants unwittingly jump from £gg 12 the frving pan into the fire when 'they flee their home- A common criminal is
      573 words