The Business Times, 4 May 1991
1991-05-04
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The Business Times
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Title Section11 1991-05-04 1 Business Times MCI (P) 16/12/90 Weekend Edition, May 4-5 1991 75*11 words
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NEWS & MARKETS SUMMARY
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51 1991-05-04 1 BANGLADESHI Prime Minister Begum Khaleda Zia has appealed for aid for 10 million people made homeless, and facing disease, after a devastating cyclone that may have killed more than 100,000 people. The storm killed 60,000 people around the port city of Chittagong51 words
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Article50 1991-05-04 1 WALL STREET stocks posted losses in mid-morning as a round of futures-related selling sent blue chips to session lows. Sharply lower bond prices added pressure on stocks. After dropping about 12, the Dow 30 dropped 8.16 points to 2,930.45 at 1430 GMT in the first hour of trading.50 words
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Article42 1991-05-04 1 SHARES were modestly lower at midday yesterday in response to local election defeats for the Conservative Party. At about 1100 GMT, the FTSE 100-share index was down 8.7 points, or 0.3 per cent, at 2,522.0. Volume measured 263.1 million shares.42 words
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Article35 1991-05-04 1 THE information technology arm of the Association of Muslim Professionals has sealed its first business project since its formation in December last year with the relatively new Hong Leong Technology Page 235 words
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Article35 1991-05-04 1 INCHCAPE Bhd is facing flat or even shrinking prospects in almost all its core activities, which together generated almost $830 million in sales and $96.1 million in pre-tax profit last year Page 335 words
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Article29 1991-05-04 1 GOLDMAN, SACHS is phasing out its big junk-bond fund, the Water Street Corporate Recovery Fund, despite what it said were excellent financial results Page 329 words
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Article, Illustration28 1991-05-04 1 Friday Change BT-MGA 739.38 -4.20 Kuala Lumpur 588.09 +0.89 Tokyo Closed Hongkong. 3,737.88 +11.74 Sydney 1,518.4 -2.1 Thursday Change New York 2,938.61 +8.41 London 2,530.7 +22.328 words
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Article23 1991-05-04 1 Exchange rates US$ SS 1.7665 100 Yen S$ 1.2815 MS SS 0.6421 Manay marfcat rates Overnight 5 +1/2 3-month 4 15/16% -1/1623 words
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Article41 1991-05-04 1 London Gold AM fix U*****.45 USS 1.10 Rubber S'pore June 146.25*/ kg +0.25 M'sia June 226.00*/ kg unch KL Tin Turnover 30 tonnes -50 Spot M 515.14 /kg -12 Crudo palm oil Turnover 647 lots -118 May MS79I /tonne -241 words
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496 1991-05-04 1 Lee Han Shih - By Lee Han Shih HONG FOK Corporation, whose fortune was revived by the timely sale of a Hongkong property two years ago, is funnelling its money back to Hongkong in a big way. Yesterday the company said it had496 words
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236 1991-05-04 1 Reuter AMERICA'S unemployment rate fell to 6.6 per cent in April from 6.8 per cent in March, its first decline in almost a year, the Labour Department said. But businesses trimmed their workforces for the ninth straight month, though at a slowingReuter - 236 words
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Article95 1991-05-04 1 Reuter UK HOUSE prices fell 0.5 per cent on a seasonally adjusted basis in April as recent mortgage rate cuts failed to enliven Britain's weak property market, the Halifax Building Society said. By contrast, average UK house prices rose by 0.2 per cent on a seasonallyReuter - 95 words
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191 1991-05-04 1 AFP BANK OF JAPAN governor Yasushi Mieno said in Tokyo yesterday the Japanese central bank would not follow the US in cutting the official discount rate. "Japanese monetary policies will not be directly influenced" by the US discount rate cut from 6AFP - 191 words
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252 1991-05-04 1 GOVERNMENT land sales took centrestage in the first quarter, making up about 60 per cent of the $404 million worth of properties transacted. The figures were released by Richard Ellis in its firstquarter report. Private property deals were virtually absent in the uncertain252 words
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Article, Illustration571 1991-05-04 1 Walton Morais - Japan poised to play greater political role in the region By Walton Morais JAPANESE Prime Minister Toshiki Kaifu expressed "sincere contrition" for the sufferings inflicted by his country during World War II in a major policy speech that spelt out Japan's desire to play a571 words
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Page 1 Advertisements
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Advertisement134 1991-05-04 1 Nikon nk ..in nhln QimAmi In# mMHI S rlOtf* syiivin. COVER Every signature tells a story EL 1 j U Aircraft Schedule EL 11 Commodities 15 Company News 4 Cryptic Crossword EL 11 Financial News 5 Futures Options 14 Gold Pnces 14 I In m n H lOITK IwWl L134 words
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Advertisement12 1991-05-04 1 OPINIONS The environment: who should pay? EL 2 Minority concerns. EL 212 words
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Advertisement15 1991-05-04 1 PURSUITS Celebrities answer call of charity. EL 6 No end to Foster's Jokes. EL 615 words
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Advertisement200 1991-05-04 1 Nikon The Wbrtd'sfineet Photographic Syetom. PURSUi r I FINANCE What price Cold Storage Holdings. EL 8 Market outlook grim: Fuller. EL 8 C/ Since 1775 Model No. 8A3130T Legends have sought this watch. Napoleon. Wellington, too. And the crowned heads of England, France, Italy, Spain and Russia. Then, as today,200 words
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Advertisement15 1991-05-04 1 JOBS Scaling a new, and higher, mountain. EL 10 Training operators to avoid. EL 1015 words
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HOME NEWS
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NEWS ROUNDUP
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90 1991-05-04 2 A RENOVATIONS Guidebook will be published in September to inform and educate all home-makers on home renovation. The book is published by the Singapore Institute of Architects in response to the current renovation craze in Singapore. Aimed at both HDB and private home owners, it will90 words
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Article60 1991-05-04 2 THE HOUSING and Development Board is beginning a pilot project at Car Park B7 in Bedok Town Centre for a semi-automated parking system. From May 13, motorists using the carpark will collect a ticket from a machine at the entrance. An attendant at the exit payment60 words
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291 1991-05-04 2 BUGGED by a saturated local insecticide market, Bayer Singapore has launched a new product design for its Baygon insecticide and hopes to capture another 15 per cent of the market by 1994. On the shelves for some two months now, the improved Baygon has291 words
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Article, Illustration366 1991-05-04 2 Teh Hooi Ling - Tie-up with HL Technology will lead to regional IT forays By Teh Hooi Ling THE INFORMATION technology arm of the Association of Muslim Professionals (AMP) has sealed its first business project since its formation in December last year. The project, a strategic alliance with366 words
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Article235 1991-05-04 2 THE Pan Island Expressway will undergo a $180 million upgrading over the next few years to clear the 35 km stretch of bottlenecks which are causing serious traffic jams. The government has called for tenders for the second phase, which will see the addition235 words
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127 1991-05-04 2 SCHRODER International Merchant Bankers Ltd (Simbl) is the arranger, facility agent and dealer of a US$l2O million loan facility for Bank Bumi Daya. The dual facility financing programme, which was signed in Singapore yesterday, comprises a US$6O million revolving credit facility127 words
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224 1991-05-04 2 US-BASED computer company Digital Equipment is all geared to move into predictive and preventive customer services with its new $4 million customer support centre. Located at Digital's Tong Nam Building in Bukit Timah Road, the facility is able to continuously monitor customers'224 words
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SHIPS IN PORT
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Article624 1991-05-04 2 VmmI Voy No Barlh Arrive Dcpartm Vessel Voy No Berth Arrival Departure Keppd Wharves Zn Yaw 06/91 M3B 03 05/1200 03 05/1900 frotadurban 35EB C09 alongside 03.05/1500 Kota Petant E-894 K31 0605/1800 JurOflg Port Shap<aeveret 6W K30 alongside 03.05/2000 Asean Energy J2 alongside 04 05/2300 Trans Trader624 words
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Article1334 1991-05-04 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rsits Shp Voy No Etb/Btr Period From To From All. Gtnr, <1?56 06/1200 2 03/1700 04/0659 04/0900 4 04/1200 04/1459 04/1700 8 Dahlia U5 04/1500 1 03/1500 03/1659 03/1900 Setawar PM014 04/2000 1 03/1500 03/1659 03/1900 2 03/17001,334 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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Article, Illustration456 1991-05-04 3 Lee Han Shih - Management of cash hoard will determine results By Lee Han Shih FLAT or even shrinking prospects in almost all of Inchcape Berhad's core activities could see the trading house, one of the oldest in Singapore, having to depend on its huge cash hoard to456 words
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266 1991-05-04 3 DBS CHARITY THE NINE teams participating in the DBS Charity Investment Race have reported accumulated gains totalling $142,251 for the three weeks ended April 30, a decline from the previous week. The grand total for the previous week was not available. A decline in266 words
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Article939 1991-05-04 3 Price* (as at 03.05.91] Conversion terms Premium/ Expiry (discount) Amount Optional** using issued Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cash. Loan Gearing Date Mths units) stock ratio price nom Sth Left value S C&C Wt 37 5 2 880 5 850 100 309939 words
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280 1991-05-04 3 CONSTRUCTION and property group Lim Kah Ngam is renegotiating the terms of its 15-year lease on the Hotel Equatorial in Guangzhou, in view of the economic uncertainties in China. It has also revised the management agreement of a hotel in280 words
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245 1991-05-04 3 S N Vasuki - By S N Vasuki THE UOB group hopes to further strengthen its presence in Asia with plans to open branches in the Philippines, Thailand and Taiwan, chairman and chief executive officer Mr Wee Cho Yaw said. In his statement to shareholders in the245 words
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142 1991-05-04 3 UNITED OVERSEAS Bank has proposed that Singapore's former chief justice, Mr Wee Chong Jin, be appointed as a director of the bank. This was disclosed in UOB's 1990 annual report which was released yesterday. Mr Wee's appointment has to be approved by shareholders142 words
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Article, Illustration277 1991-05-04 3 SINGAPORE AIRLINES and Swiss Air have joined hands to strengthen their market positions by linking up their cargo systems. SIA cargo manager Huang Cheng Eng and the general manager of cargo and mail marketing at Swiss Air, Mr Robert Wagner, signed the memorandum of277 words
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COMPANY BRIEFS
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119 1991-05-04 3 SESDAQ-LISTED Superior Metal Printing Ltd is reviewing its plans to build a second two-storey factory at Benoi Sector in Jurong because of the group's decision to locate its carton box division in Malaysia instead of Singapore as was originally intended. In a circular119 words
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Article92 1991-05-04 3 GEORGE KENT (Malaysia) Bhd yesterday reported a 3 per cent fall in group profits after tax and minority interests to M 53.91 million for the year ended Jan 31, 1991, despite a 46 per cent jump in turnover to M 595.6 million. Earnings per share fell92 words
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Article132 1991-05-04 3 TENAGA Nasional Bhd plans to float and list its shares on the KLSE in June next year, its new chairman, Datuk Haji Dr Ani Arope, said yesterday. He told a news conference in Kuala Lumpur that it would take some time for TEN to132 words
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Article67 1991-05-04 3 MALAYAN United Industries Bhd has been informed by Federal Investment and Properties (M) Sdn Bhd that the latter had raised its stake in MUI to 14 million shares following an acquisition of two million shares on April 19. The additional stake was acquired through the purchase67 words
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Page 3 Advertisements
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Advertisement97 1991-05-04 3 m M m No. we haven't added Ferraris to the fleet but we have introduced a new reservations system that confirms your international car rental reservation faster lets you plan your itinerary with ease and with speed. It's called "MEGA HERTZ" Hertz I I by satellite with any Hertz office97 words
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REGIONAL / INTERNATIONAL COMPANY NEWS
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COMPANY BRIEFS
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66 1991-05-04 4 HONGKONG'S Cheung Kong (Holdings) Ltd has issued 153 million covered warrants on affiliate Hutchison Whampoa Ltd at HKS3.B (550.86) each. The two-year warrants can be exercised on Hutchison Whampoa's shares on one-to-one basis at a strike price of HKSIS.S per share. The latest issue66 words
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Article62 1991-05-04 4 PRESIDENT ENTERPRISES CORP said 1990 group pretax profit fell 20 per cent to NTS 1.45 billion (SS92B million) from NTS 1.82 billion a year earlier, despite an 18 per cent rise in turnover. The diversified food conglomerate attributed the profit fall to expenses incurred during its62 words
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Article55 1991-05-04 4 ACER INC of Taiwan reported that net income for 1990 plunged 58 per cent to NTS 64 million (Ss4.l million) from NTSISI million the previous year, while turnover slipped 4 per cent. The computer maker said the profit fall was due to a global55 words
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Article59 1991-05-04 4 PT INDOSTEEL MULTI JAYA, a subsidiary of the Murinda Group, will establish a steel plant in Benkasi, West Java, with an initial investment of around Rp 73.5 billion (Ss67 million). Almost 25 per cent of the company's production, except for hot-rolled sheets, will be exported59 words
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Article42 1991-05-04 4 NAN YA PLASTICS CORPORATION of Taiwan said net profit in 1990 climbed 15 per cent to NTS4.OS billion from NT53.52 billion a year earlier. Turnover of the plastics manufacturer grew 3.4 per cent to NT555.17 billion.42 words
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249 1991-05-04 4 Reuter THE chairman of the bankers' committee of the Adelaide Steamship group said he expects Adsteam's banks to formalise a debt moratorium by the end of next week. Mr David Crawford was quoted by Australian Associated Press as saying the tone of aReuter - 249 words
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Article129 1991-05-04 4 Reuter ELECTRAFINA SA, the energy arm of Belgian holding company Groupe Bruxelles Lambert, said part of an eight billion Belgian franc (Ss4o million) capital increase would be offered to the public on the basis of one new share for eight existing shares or eight 7 perReuter - 129 words
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Article, Illustration431 1991-05-04 4 AFP RIGHT-WING tycoon and presidential hopeful Eduardo Cojuangco asked the Supreme Court on Thursday to let himself and his two brothers onto the board of San Miguel Corp. But the Presidential Commission on Good Government (PCGG) filed a separate motion, justifying the appointmentAFP - 431 words
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410 1991-05-04 4 THE Thai Rubber Latex Corporation (Thailand) Ltd will offer 1.5 million 10-baht (550.68) shares to the public at 57 baht. The Nation reported on Thursday. The company, Thailand's biggest latex producer and exporter, on Tuesday appointed eight leading finance and security410 words
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Page 4 Advertisements
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Advertisement441 1991-05-04 4 On Sunday June 16 j" mJRY FORM jP 1 SUNDAY JUNE 16 7:30 A.M. I National Stadium West Entrance I I Send your entry to: a -kj' j The New Paper Big Walk '91 QI/% 1 IfJ| I I# MM Locked Bag Post Office, a Men's Women's Men's Women's Men441 words
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Advertisement130 1991-05-04 4 FASHION lAn opportunity to purchase a successful women's fashion store chain. 10 shops Brisbane and Gold Coast, Queensland, Australia. A Specialising in Australian designer labels. A Established over 20 years. A Operates in CBD and major regional shopping centres. A Turnover in excess of $5 million annually with good prospects130 words
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FINANCIAL NEWS
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461 1991-05-04 5 NYT A GOLDMAN, SACHS fund that had become the largest fund speculating in the bonds of financially troubled companies said on Thursday that it would begin phasing out operations immediately despite what it said were excellent financial results. The Water Street Corporate RecoveryNYT - 461 words
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Article, Illustration576 1991-05-04 5 DBS Bank weekly currency review US$/DM: Bloodbath for the bulls AS EXPECTED, the US dol-| lar traded through 1.7690 to? reach a new high of 1.7830 on Monday. However, the impressive dollar rally since April 18, 1991 came to an abrupt halt as it plunged576 words
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521 1991-05-04 5 FT UP TO 20 per cent of the shares of Credit Suisse, Switzerland's third-biggest bank, may be sold to the public as part of a wide-ranging capi-tal-raising exercise by CS Holding, its parent company. Mr Rainer Gut, CS Holding's chairman, announced theFT - 521 words
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SMALL CHANGES
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77 1991-05-04 5 THE JAPANESE Finance Ministry will tighten disclosure requirements for listed securities companies and non-life insurance firms, starting with the financial year that ended last March 31, a ministry official said in Tokyo on Thursday. Securities firms are now required to disclose details of77 words
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Article84 1991-05-04 5 WESTPAC BANKING Corp has sold its British residential mortgage business to Household Mortgage Corp pic for an undisclosed price. Westpac said in Sydney yesterday that the mortgages worth around £175 million (***** million) would be absorbed into the British group's £2 billion loan portfolio over the84 words
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Article71 1991-05-04 5 THE PHILADELPHIA Stock Exchange said in its annual report that it lost US$l.l million (Ss2 million) in 1990, versus a year-earlier profit of US$l.4 million. The exchange said the loss, its first since the early *****, reflected decreased equity and equity options volume. Stock volume fell71 words
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Article49 1991-05-04 5 STATE BANK of South Australia said in Auckland yesterday that it was trimming its operations in New Zealand but local executives denied a report that the bank would close all overseas offices, including in New Zealand. "There is no major new news of any sort.49 words
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Article441 1991-05-04 5 Many are keen to enter US securities market Reuter JAPAN'S big banks are trying to carve out new niches in non-banking business abroad, especially in the US securities market, to boost competitiveness. Their efforts are unlikely to yield quick profits, however, and banks could faceReuter - 441 words
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Page 5 Advertisements
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Advertisement55 1991-05-04 5 AUSTRALIAN SPORTS MARKETING PTY LTD i sincerely thanks all tennis fans, media and our family of sponsors for making the EPSON SINGAPORE SUPER TENNIS 1991 j a memorable week of JL. world class tennis action. *<■ TA civil |35 wetpepsj /j§\ s ncAPORE A IAATP [ASMJ J gjgzenqer L m55 words
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Page 5 Miscellaneous
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Miscellaneous20 1991-05-04 5 Dollar$ MOftoDY HAS (roTTe»A t fcACk T« Nit IN J TWO 16 I JUL TlhAe To WiTlkS B *w<K.*H' 4£20 words
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THE REGION
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NOTE BOOK
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64 1991-05-04 6 MALAYSIA'S average consumer price index (CPI) for January to March this year increased by 3.7 per cent compared with the same period last year. According to the latest issue of consumer price for Malaysia issued by the Statistics Department, the CPI for March64 words
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Article95 1991-05-04 6 SABAH recorded a trade surplus of M 5443.2 million (*****.8 million) during the first two months of this year, up 27.5 per cent on the M 5347.6 million achieved in the same period last year, the Statistic Department in Kota Kinabalu said on Thursday. The higher95 words
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Article98 1991-05-04 6 THAILAND registered a surplus of 1,400 million baht (5596.3 million) in its trade with the US during the first quarter this year, down from 2,433 million baht in the same period last year. Thai exports to the US in the first quarter were worth 19,372 million98 words
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Article75 1991-05-04 6 MALAYSIA'S industrial machinery ventures should be undertaken jointly with foreign manufacturers who could also assist in securing export markets, said a government official in Kuala Lumpur on Thursday. The deputy director of the engineering and industries division for the Malaysian Industrial Development Authority, Mr75 words
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Article73 1991-05-04 6 VIETNAMESE Prime Minister Do Muoi will soon visit the Soviet Union, Hanoi's main ally, official newspapers reported on Friday. Western diplomats in Hanoi said earlier that Mr Do Muoi was expected to ask for financial help during the trip after sharp cuts in Soviet aid73 words
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Article68 1991-05-04 6 THE MALAYSIAN government will set up 644 growth centres in the next five years in its effort to develop the rural areas, Deputy Prime Minister Ghafar Baba said on Thursday. A total of Mslso million (5596.4 million) had been allocated for the purpose, he68 words
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497 1991-05-04 6 World demand for tin expected to remain sluggish THE first quarter of 1991 saw a 10 per cent drop in the number of Malaysian mines in operation, excluding retreatment units, and a further decline is seen unless there is a swift recovery497 words
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Article, Illustration334 1991-05-04 6 Decision on gold mine not a litmus test Reuter AUSTRALIAN Prime Minister Bob Hawke has played down fears that any decision to ban mining in a mineralrich zone in northern Australia might drive away mineral investors. Mr Hawke told an Australian Mining Industry CouncilReuter - 334 words
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315 1991-05-04 6 FT AUSTRALIA'S waterfront reform programme appeared to be back on course on Wednesday after employers and unions ended a pay dispute following all-night negotiations chaired by Mr Bob Hawke, the Prime Minister. Mr Hawke emerged from 18 hours of non-stop talks in SydneyFT - 315 words
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345 1991-05-04 6 AFP THE US on Thursday rejected Philippine demands to link a new military bases agreement to greater access to the US market, leaving the negotiations in deadlock almost a year after they began. The development raised doubts among diplomats that a deal would beAFP - 345 words
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Article, Illustration356 1991-05-04 6 AFP MALAYSIA is turning a tiny atoll in the disputed Spratly chain where the Chinese and Vietnamese navies clashed three years ago into a resort for scuba-diving and fishing. Officials in Kuala Lumpur said yesterday the government had lifted a security blanket onAFP - 356 words
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441 1991-05-04 6 IN ITS BID to strengthen economic relations with Thailand, Laos has asked Thailand to become its partner in the development of at least three large-scale hydroelectricity projects in that country. Preliminary discussions between officials of stateowned Electric de Laos (EDL) and the Electricity441 words
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Page 6 Advertisements
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Advertisement76 1991-05-04 6 1 APIfMIE 1 1 IS WMfIH A 1 THOISIYD I I WORDS, I More so if you are selling your bungalow or semi-detached house. Show it in The Straits Times Classified "PRIME PROPERTY" special feature j^fv, on Ist June 1991. To reach your target buyers effectively, w call our C.A.T.S.76 words
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THE WORLD
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568 1991-05-04 7 Reuter JUST when the Federal Reserve might have thought it could afford to wait for a series of casing moves to work their way into the US economy, a string of weak numbers has put it back in theReuter - 568 words
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227 1991-05-04 7 AFP THE US Export-Import Bank (Eximbank) and several official Japanese financial institutions on Thursday reached a cooperative agreement to promote bilateral trade and their trade around the globe. US Eximbank said in a statement that the agreement was aimed at increasing theAFP - 227 words
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351 1991-05-04 7 AP THE POLITICAL gains that South Korea reaped from its breakthrough in relations with the Soviet Union may overshadow any economic advantages. That's the view of some Washington experts who closely followed Soviet President Mikhail Gorbachev's dramatic visit to South KoreaAP - 351 words
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363 1991-05-04 7 Reuter JAPANESE Financc Minister Ryutaro Hashimoto said he cxpccts 3.8 per cent real growth in Japan's Gross National Product for fiscal 1991/92 (April/March), despite an economic slowdown. Estimated growth in 1990/91 was 5.2 per cent. "We are confident we have fullReuter - 363 words
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Article, Illustration50 1991-05-04 7 rhe first Albanian rent-a-car office was opened in Tirana yesterday with 50 brand new cars from the West. The vivid red Peugeot 505s arrived in Tirana on May 2 and drew crowds of admirers in a city with only a few hundred cars.50 words
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532 1991-05-04 7 Americans, Europeans dominate rebuilding AFP CONTRACTORS from Gulf countries which form a regional economic alliance with Kuwait are disappointed that they have failed to obtain major contracts to rebuild the oil-rich emirate. The contractors said they could not compete with American andAFP - 532 words
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280 1991-05-04 7 HIGH levels of public and private investments will help bolster the east German economy and should lead to an overall growth rate of at least 10 per cent in 1992, said Dr L'lrich Cartellieri, member of the managing board of280 words
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WORLD WATCH
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111 1991-05-04 7 GERMANY has agreed to grant a soft loan worth US$253 million (*****.8 million) to help New Delhi tide over its foreign exchange crisis, according to an Indian Finance Ministry statement issued in New Delhi on Thursday. The loan, which consists of financial allocations111 words
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Article74 1991-05-04 7 THE UN Food and Agriculture Organisation (FAO) said on Thursday that it had signed a five-year technical cooperation accord with Saudi Arabia. Under the agreement. Saudi Arabia would provide US$B million to $10 millipn a year to develop the agriculture and water sectors. The FAO74 words
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Article96 1991-05-04 7 UNITED Nations Secretary General Javier Perez de Cuellar has recommended a general framework for reparations payments from Iraq, without specifying what percentage of Iraqi oil profits must be earmarked for compensation. An advance copy of a 22-page report, scheduled for release by Mr Perez de Cuellar96 words
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Article72 1991-05-04 7 TURKEY has shut its border with Iraq to all civilian and military traffic, allied military officials confirmed yesterday. One said the move has disrupted aid efforts for Kurdish refugees. A senior allied military official said the border closure, which began after 1230 GMT, may have72 words
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Article60 1991-05-04 7 RECESSION-PLAGUED Quebec unveiled a C 538.4 billion (5558.9 billion) budget on Thursday with a $3.48 billion deficit. The deficit was up sharply from the $2.8 billion deficit for the year ended March 31. But the shortfall represents a much smaller share of Quebec's gross domestic product than60 words
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Article77 1991-05-04 7 PRESIDENT George Bush asked 15 farm leaders on Thursday to support his campaign to win a key vote in Congress that he says is vital in opening the door to US exports to Mexico and worldwide. Mr Bush has asked for extension of the "fast track"77 words
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344 1991-05-04 7 AP THE AMERICAN Chamber of Commerce in Beijing yesterday urged that the United States renew China's mostfavoured nation trade status (MFN), arguing that human rights complaints are best dealt with separately. The chamber, which represents nearly 100 US companies and businessmenAP - 344 words
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Page 7 Advertisements
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Advertisement88 1991-05-04 7 An Imperial Decree/I J? (f As much as we would like to enhance the imperial splendour of our restaurant, we are much obliged to brighten up your dining experience. From 3rd May till 31st August, we shall be installing our very own powerhouse for those unpredictable black-outs. Our heartfelt thanks88 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4824 1991-05-04 8 Diana Oon - By Diana Oon THE LOCAL MARKET ended the week on a weaker note. Dealers said trading was lacklustre in the absence of strong leads from overseas markets. "Stocks were weak from early on in the day, and sentiment did not improve," a trader said.4,824 words
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Article4123 1991-05-04 9 Main Board SPH 890 +10 +1.1% NatSteel Wt 336 +10 +3.1% Robinson 440 8 +1.9% Straits Trading 295 7 +2.4% OUT 236 +5 +2.2% SPC Foreign 420 4 +1.0% City Dev 50« 368 +4 +1.1% Chem Ind 330 4 +1.2% Ambassador 117 +4 +3.5% DBS4,123 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4121 1991-05-04 10 Bernama SHARE PRICES in Kuala Lumpur closed lower yesterday on lack of buying support as investors moved to the sidelines ahead of the weekend and in the absence of fresh leads from the Tokyo market which was closed for a holiday. TheBernama - 4,121 words
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Page 10 Advertisements
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2080 1991-05-04 11 Reuter FOLLOW-THROUGH buying after a sharp jump in share prices on Thursday, coupled with a market belief that domestic interest rates would be pared later yesterday, pushed Hongkong's blue-chip stocks gauge to a higher close. But profit-taking trimmed early gains, pushingReuter - 2,080 words
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Article1664 1991-05-04 11 The Tokyo market was closed yesterday and will remain closed on Monday. Trading resumes on Tuesday. The following are Ihursday s closing prices. Vol May l Yen High (DOO) Ajinomoto 1600 -20 1630 1600 337 Akai 970 unch All Nippon Airways 1430 20 1430 1400 300 Asahi1,664 words
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Page 11 Advertisements
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Advertisement18 1991-05-04 11 Banking, Finance and Insurance 1991 Supplement: Free with your copy of BT on Mav 30. Don't miss it!18 words
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REGIONAL STOCK MARKETS
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NZ, Taiwan shares buck weak Asian trend
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Article790 1991-05-04 12 AUSTRALIAN stocks yesterday closed slightly lower after a day of slow trading. The All Ordinaries Index closed at 1,518.4, down 2.1 points. "The market is consolidating itself and preparing for the next run," a broker said. The Australian Stock Exchange's decision to suspend trade in Adelaide Steamship (Adsteam) and790 words
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Article829 1991-05-04 12 THAI STOCKS ended lower yesterday as the market underwent a correction after jumping sharply in the past three weeks. The SET Index closed 10.93 points lower at 868.00 on a turnover of 3.87 billion baht. "There were signals for traders to sell," said a broker with General Finance and829 words
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Article247 1991-05-04 12 Close Previous May 3 SYDNEY All Ordinaries Index 1,518.4 1,520.5 -2.1 All Industrials Index 2,365.3 2,366.9 -1.6 All Resources Index 872.3 874.6 -2.3 Turnover (million) 74.18 99.24 -25.06 BANGKOK SET Index 868 00 878.93 -10.93 Turnover (million baht) 3,870 4,700 -830 JAKARTA Composite Index 407.48 412.22 -4.74 MANILA Composite Index247 words
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Article494 1991-05-04 12 SHARE PRICES in Manila yesterday drifted lower in listless trade in the absence of any significant news and brokers said the market is expected to move sideways in the immediate future unless positive developments occur. The Manila Stock Exchange Composite Index fell 3.15 points to close at 1,058.68. "Because494 words
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Article429 1991-05-04 12 THE TAIWAN stock index ended higher in thin trade yesterday but investors remained cautious, brokers said. The Weighted Index finished 75.88 points or 1.3 per cent higher at 5,852.95 compared with Thursday's 5,777.07 close. Turnover fell to NT549.6 billion from NT559.135 billion. Dealers said investors were disappointed by the429 words
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360 1991-05-04 12 May 02 Index In local currency day year change change In S$ day year change change In US$ day S change ch year ange World ...415.7 0.6 16.1 0.3 13.2 -0.2 11.6 tEAFE 546.7 0.4 16.3 0.0 10.9 -0.6 9.3 Europe 431.7 1.0 18.5 0.5360 words
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Article634 1991-05-04 12 STRONG selling kept Jakarta stocks under pressure yesterday, bringing the in- dex down 4.74 points to 407.48. "With less buyers and less money you can't do a lot. Price movement is so limited," one broker said. Volume fell to 2.64 million shares from Thursday's 3.77 million. Indorayon fell 2,200634 words
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Article101 1991-05-04 12 A CONTINUING rally in the bond market and continued overseas buying pushed New Zealand shares sharply higher on heavy turnover yesterday. News that New Zealand's 1989/90 current account deficit would be revised sharply downward added fuel to the bond rally. Key July 1997 government bonds now yield about101 words
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Article777 1991-05-04 12 SEOUL STOCKS closed lower in moderate trading yesterday as investors judged that a massive state injection of funds would have no short-term effect, brokers said. The Composite Index closed at 649.10, shedding 3.17 points from Thursday's close. Turnover was 141.5 billion won compared with 341.2 billion won on Thursday.777 words
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WORLD STOCK MARKETS
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US jobs report puts markets on hold
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Article, Illustration1278 1991-05-04 13 HAVING soared 1.5 per cent on Wednesday on a series of interest rate cuts, Wall Street settled in Thursday to wait for April employment report due yesterday. The Dow traded in a 19-point range before ending up about eight points to 2939. Gainers led losers by three to1,278 words
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Article, Illustration943 1991-05-04 13 UK SHARES traded near the day's lows at midsession yesterday after falling on news of setbacks for the Conservative party in Thursday's local council elections, dealers said. The FTSE 100 was 8.9 points lower at 2521.8 at 1100 GMT. The elections for 369 local councils were the biggest test943 words
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Article87 1991-05-04 13 INDICES TURNOVER NEW YORK Close Previous Mav 2 Dow Jones NYSE Financial S&P 500 Turnover (million) 2938.61 153.44 380 52 187 2.***** 152 47 380.29 181.9 841 -t-0.97 +0.23 5.1 LONDON Financial Times 30 FTSE 100 Turnover (million) 1982 6 ***** 516.6 1.966.7 2.508.4 420.0 15.9 22.3 -96.6 AMSTERDAM CBS87 words
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Article187 1991-05-04 13 ITALIAN SHARES yesterday closed higher, but off their peaks, with shortcovering and hopes of an unchanged 1990 dividend boosting Fiat ordinary shares by 2.4 per cent. Brokers said the market opened marginally firmer, surged towards the midsession, but retreated towards the close, as a wave of profit-taking knocked many187 words
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Article263 1991-05-04 13 TORONTO stocks on Thursdav closed higher but enthusiasm over recent US and Canadian interest rate cuts waned in late trading, restraining any significant gain on the day. traders said. Attention was focused on yesterday's US report on April employment. "There's a lot of potential but there's been no followthrough263 words
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Article255 1991-05-04 13 AN ENERGISED Paris bourse roared upward on Thursday on hopes of a cut in French lending rates and in line with Wall Street's gains. The CAC-40 index crashed through the psychological barrier of 1,800 points and closed at a two-week high of 1.824.23, up 45.05 points or 2.53 per255 words
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Article57 1991-05-04 13 SWISS share prices on Thursday closed over one per cent higher as foreign and domestic investors were encouraged by Wall Street's strong gains, dealers said. The All-Share SPI index rose 12.3 points, or 1.15 per cent, to 1,086.0, just off an earlier year-high of 1,087. The SMI index of57 words
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Article182 1991-05-04 13 BELGIAN shares on Thursday ended slightly higher on high volume as the Brussels stock exchange followed the upward trend on other European markets, dealers said. Volume totalled 813 million francs at the close with 23 shares rising, 11 dropping and five unchanged. Belgium's main index, the Bel2o, lost 0.36182 words
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Article68 1991-05-04 13 THE STOCKHOLM bourse General Index on Thursday recovered from mi- nor morning declines and closed 0.16 per cent up at 1,041.11, but dealers said trading remained generally slow as many players were still absent after the May Day holiday. Blue chips rose 0.53 per cent on average. Total turnover68 words
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Article236 1991-05-04 13 GERMAN SHARES on Thursday climbed 1.5 per cent to their highest closing level in eight months, boosted by a cut in the US discount rate on Tuesday and improving investor confidence in Europe and Germany. The 30-share DAX Index gained 24.25 points to close at 1,630.04, its highest close236 words
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Article120 1991-05-04 13 LEADING share prices were little changed in quiet trading on Thursday with no significant price shifts, dealers said. The Vienna Bourse Index edged up 0.42 point to 583.42. "There was a slight increase in volume, but nothing exceptional one dealer said. Blue chips closed mixed with airline AUA up120 words
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Article266 1991-05-04 13 DUTCH shares on Thursday closed firmer but profit-taking emerged after the dollar came off its high and eroded some of the gains, dealers said. At the closing bell, the dollar was some two cents higher at 1.9445/60 guilders after trading at 1.9495 earlier in the morning. An otherwise dull266 words
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Article279 1991-05-04 13 Johannesburg May 2 Hand INDUSTRIALS A Alpha 3100 +100 l AEC'I 1375 unch AMIC 8950 unch Abcrcom 50 10 Amaprop 850 unch BA/ I-UK) Barlows 4250 25 Basil Slrk 22 unch Blyvoor 550 unch CO Smith 4200 25 C'nagalo 2350 50 C'urfin 530 unch Kdgars 5000 200 M Voik First279 words
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Page 13 Advertisements
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Advertisement42 1991-05-04 13 For further information on which newsstands carry Singapore Business, Her World, Go, Home Decor, Young Parents, please call our Customer Services Section on 740-1839 or 740-1840. Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in BT.42 words
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CURRENCY, MONEY & FUTURES MARKETS
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1214 1991-05-04 14 REPORTS ASIA Tokyo: Closed Singapore: The US dollar ended mostly weaker after a day of directionless trading ahead of the release of US jobs data at 1230 GMT. "The market tried both sides of the range and found no1,214 words
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Article385 1991-05-04 14 Cross rates May 3 USS ss MS lim D SFr AS NZS uss 2.7513 1.7200 1.4570 1.2853 1.7094 s$ 0 5666 1.5588 0.9745 0.7818 0.3299 0.8255 0.7282 0.9685 MS ***** 64.15 0.5015 0.2116 0.5296 0.4672 0.6213 l)in 0,5814 80.22 0.3385 0.8471 0.7473 0.9938 Yen 0.7247 1.2792 1.2466385 words
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Article555 1991-05-04 14 Interbank rates ss Bid Offer Overnight 5 5 1/4 1-month 4 7/8 5 2-month 4 15/16 5 1/16 3-month 4 15/16 5 1/16 Overnight mode: 4-13/16 LSS J Bid Offer 7 days 5 7/8 6 1 month 5 7/8 6 2 months 5 7/8 6 3 months 5555 words
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417 1991-05-04 14 Reuter THE HONGKONG Futures Exchange Ltd (HKFE) is looking to rescue the colony's first interest rate futures contract after monthly trading volume dropped to a record low of 69 lots last month, HKFE chairman Eoghan McMillan said. In February last year, HKFE launchedReuter - 417 words
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163 1991-05-04 14 Reuter MITSUBISHI Corp and Yasuda Trust Banking Co Ltd will jointly launch the Polar Star Commodity Futures Fund to individual and institutional investors in Japan from mid-May, according to spokesmen from the companies. The fund will collcct up to 10 billion yen in 50Reuter - 163 words
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Article1108 1991-05-04 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jun 91 93.92 93.93 9192 9192 3087 ***** 5406 Sep 91 93.74 93.76 93.73 93.75 4141 8993 4577 Dec 91 93.24 93.26 93.23 93.25 1600 ***** 718 Mar 92 92.94 92.96 92.94 92.% 750 5362 343 Jun 921,108 words
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COMMODITIES
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443 1991-05-04 15 Reuter THE GOLD MARKET appears to be building a base at the bottom end of the tight trading ranges that have characterised the market for three months and some positive signals for prices are emerging, analysts say. "I'm not a raging bull,Reuter - 443 words
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290 1991-05-04 15 Reuter A MAJOR Nigerian cocoa trader said there was at least 20,000 tonnes of cocoa in the country awaiting shipment or higher world prices, but a leading commodity inspector put the amount at less than 12,000 tonnes. "There is at least 20,000 tonnesReuter - 290 words
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831 1991-05-04 15 REPORTS THE PRICE of tin closed another 12 sen lower at M$ 15.14 per kg on the Kuala Lumpur Tin Market yesterday as selling pressure continued to weigh on market sentiment before the weekend. A dealer said although the market continued to drift831 words
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Article1356 1991-05-04 15 Rubber May 3 HAS (fob in tuks) S cents/kg Noon Close Int I RSS Prompt I44.25/I45.25N I44.25/I45.25N Int I RSS June 91 146.25/146 75 146.25/146.75 Inl I RSS July 147.75/148.25 147.75/148.25 Int 2 RSS OP I42.0Q/I44.00N I42 00/*****N Int 3 RSS OP 137 50/139 50N 137.50/139 50N Int 41,356 words
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Page 15 Advertisements
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Advertisement317 1991-05-04 15 BUSINESS TIMES TELEPHONE: 730 3771/5772/3773 PAX: 734-4982 IN THE MATTER OF THE COMPANIES ACT, CAP SO IN THE MATTER OF JUIEE APPARELS PTE LTD (IN MEMBERS' VOLUNTARY WV4DMG-UP) NOTICE IS HEREBY GIVEN that al an Extraordinary Genera) Mealing of tie Company was convened and held at 36 Robinson Road *05-01/02317 words
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Advertisement291 1991-05-04 15 IN THE MATTER OF THE COMPANIES ACT, CAP 90 IN THE MATTER OF M A B LIGHTING PTE LTD (IN MEMBERS' VOLUNTARY WMOMO-UP) NOTICE IS HEREBY GIVEN that a an Extraordinary General Meeting of the Company was convened and held a 1296 Lorong 1. Toa Payoh 101-01 Singapore 1232 on291 words
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Advertisement11 1991-05-04 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Article, Illustration386 1991-05-04 16 Lilian Ang - BG Lee's visit to China From Lilian Ang in SHENZHEN DEPUTY Prime Minister Brigadier-General Lee Hsien Loong yesterday drew a comparison between the Singa-pore-Batam-Johor growth triangle and the HongkongShenzhen relationship, saying that the latter is a model of how co-operation between neighbours can be mutually beneficial.Picture by Wong Kwai Chow - 386 words
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Article, Illustration374 1991-05-04 16 Reuter BRITAIN'S ruling Conservative party suffered sharp losses in local elections, dimming the prospects of a parliamentary election in June, analysts said. Conservative Party chairman Chris Patten said the results of the local polls held on Thursday were "disappointing". Opposition LabourReuter - 374 words
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295 1991-05-04 16 THE STEADY increase of oil exploration activities in the region has prompted a local company to cash in on the trend by tapping the rig repair and maintenance market. The company is tying up with the Shenzhen-based Chiwan Petroleum Supply Base and at least295 words
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369 1991-05-04 16 Genevieve Cua - By Genevieve Cua THE KEY to rising export sales is the ability to carve a niche through value-added products, as two homegrown electronics-based companies have discovered. Vikay Industries and Leo Instruments both find a lucrative business in the OEM (original equipment manufacturers) sector.369 words
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Article87 1991-05-04 16 AFP THE CHAIRMAN and chief executive of the British Allied Lyons food group have decided to retire a year early in July because the company discovered huge foreign exchange losses in March, the company said yesterday. Chairman Sir Derrick Holden-Brown would nor- mally have retired in JulyAFP - 87 words
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349 1991-05-04 16 AP A US CONSORTIUM of Ameritech, Bell Atlantic Corp, Tele-Communications Inc and Time Warner has acquired 51 per cent of New Zealand's only pay-television network, mostly through an issue of new shares in the company. Mr Terry Jarvis, a director of Sky EntertainmentAP - 349 words
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448 1991-05-04 16 Sixth round of talks bogged down on issues of duration, compensation UPI TALKS on the future of US basing rights in the Philippines collapsed yesterday and the chief American negotiator departed "very disappointed", officials said. US special negotiator Richard Armitage left Manila afterUPI - 448 words
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Article, Illustration53 1991-05-04 16 Two Soviet kitchen workers, walking near Moscow's Red Square on May 1 while concentrating on eating, holding and trying not to drop their five ice-cream cones during a day when the temperature rose to almost 17 degrees Celsius (relatively warm for the Soviet capital). ReuterReuter picture - 53 words
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164 1991-05-04 16 Bernama MALAYSIA and Indonesia yesterday signed a memorandum of understanding on the setting up of a joint commission to enhance relations and step up co-operation between the two countries. The Malaysian-Indonesian joint commission is expected to hold its inaugural meeting in Kuala LumpurBernama - 164 words
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Page 16 Advertisements
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Advertisement7 1991-05-04 16 CHARTPOINT Every Saturday in Business Times I—l7 words
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Advertisement6 1991-05-04 16 CHARTPOINT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1281 1991-05-04 17 THEY are public figures, whose private lives fuel the curiosities of the layman. Other than the usual gossip, what people most want to know is, just what are they like? With the help of company annual reports, Samuel Ee collected the signatures of eight of Singapore's most prominent1,281 words
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STRAWS IN THE WIND
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Article82 1991-05-04 17 WANT to sell a house but don't know how to write an eye-catching ad? Try this example, picked out from the Classified section in the April 30 issue of The Straits Times: "Seller's dreamboat. Buyer's nightmare. 1,000 sq ft intermediate single-storey terrace. Original condition. Two plus one rooms.82 words
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Article72 1991-05-04 17 IN a recent issue of the government gazette, the Ministry of Environment called a tender for the "production of a video show on clean public toilets". Does this mean an instruction filmlet on how to, er, do your business without messing up the facilities? It would be interesting72 words
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Article52 1991-05-04 17 HAVE you heard about the woman who was dating an MBA? No, not someone with a Master's degree in Business Administration. This MBA is Married But Available. Do you have a straw to share with us? Send your contributions to: Lifestyle Editor, Business Times, 390 Kim Seng Road,52 words
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OPINIONS
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Article, Illustration529 1991-05-04 18 Chitra Rajaram - Chitra Rajaram asks so what if a little prime time advertising money is lost so that the Tamil TV news can be moved up to 7 pm? Chitra Rajaram The writer is a lecturer at the Ngee Ann Polytechnic 1- COULDN'T HELP raising my eyebrows529 words
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1139 1991-05-04 18 Nirmal Ghosh - The pollution of the earth and the destruction of forests have consequences which transcend political boundaries, says Nirmal Ghosh Nirmal Ghosh The writer is a BT journalist THE ASIAN Development Bank (ADB) suggested last week in its "Outlook" report for 1991 that compensation in1,139 words
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437 1991-05-04 18 Dr Chen Ai Ju - LETTER TO THE EDITOR Dr Chen Ai Ju Ag Permanent Secretary (Health) Director of Medical Services WE REFER to the article by Claire Leow on "A health service for all" in Business Times, Weekend Edition, April 20-21. We are aware of437 words
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SPORTS
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254 1991-05-04 19 AP BALTUSROL Golf Club, site of the 1993 US Open, announced on Tuesday that it is accepting women and minority members for the first time. The decision is only partially the result of anti-bias rules adopted by the United States Golf Association and theAP - 254 words
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Article, Illustration630 1991-05-04 19 Cassandra How - Some blame it on equipment, others on the weather. But a fair number of golfers still find greens and caddies the bane of good golfing. Cassandra How finds out why Cassandra How NO OTHER course in the world has stood the test of time as well as St630 words
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Article, Illustration828 1991-05-04 19 Dave Anderson - Dave Anderson reports on an innocent gesture which has been turned into something deceitful Dave Anderson NYT For decades, it's been a daily ritual in every big league clubhouse. On a table are two or three boxes of baseballs, a dozen to a box.NYT - 828 words
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SIDE LINES
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146 1991-05-04 19 Agassi beats Chang in AT T Challenge TOP SEED Andre Agassi overcame a second-set lapse to defeat Michael Chang 6-3, 4-6, 6-2 on Thursday at the US$2BO,OOO (about *****,000) AT&T Challenge being played at Roswell, Georgia. Agassi forced play with powerful ground strokes and took advantage of Chang's short responses.146 words
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Article75 1991-05-04 19 FLY SO FREE was made the 5-2 favourite and drew the rail position on Thursday for today's 117 th running of the Kentucky Derby. Second favourite Hansel, set at 3-t'ift the morning line by veteran Churchill Downs' handicapper Mike Battaglia, drew the sixth post position.75 words
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Article115 1991-05-04 19 TOP-SEEDED Ivan Lcndl battled from behind to within two games of advancing into the quarterfinals of the BMW Open men's tennis tournament in Munich against Goran Prpic when rain halted play on Thursday. Lendl broke the Yugoslav twice and was leading 4-1 in the third set115 words
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Article70 1991-05-04 19 CARLOS SAINZ of Spain has to look for new races to conquer now after his latest victory in the Tour of Corsica put him on top in the drivers' standings. The Spaniard won 12 of the 27 timed stages to gain a victory of more than70 words
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Article79 1991-05-04 19 TOM WATSON began his drive for a fifth title at the US$l.l million (about 551.94 million) Byron Nelson Golf Classic being played at Irving, Texas with a five-under-par 65 for a one stroke first-round lead on Thursday. Watson, who last won this event in 1980, recorded79 words
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Article, Illustration443 1991-05-04 19 AP SEVEN ROUNDS in the ring together did nothing to bond a friendship between Mike Tyson and Donovan "Razor" Ruddock. "He's a moron," Ruddock said. "I don't know why you talk to me like that when you know I'm going to kill youAP - 443 words
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EPICURE
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Article, Illustration656 1991-05-04 20 Quek Swee Peng - Quek Swee Peng soaks in the bustle of a French bistro Quek Swee Peng Last September, wc stood outside Le Bistrot in Holland Village debating on whether it would emerge the chosen eatery for that weekond. The almost unanimous respdbsc was a resounding no. As the656 words
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LIFESTYLE
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Article, Illustration646 1991-05-04 21 Ringo Liew - CD REVIEW By Ringo Liew FEARGAL SHARKEY: Songs From The Mardi Gras The changing fortunes of Irish singer Feargal Sharkey read like a movie plot that would stump even Francis Ford Coppola. Here's a man, decidedly uncool in both appearance and demeanour, who sat in646 words
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Article, Illustration831 1991-05-04 21 N K Yong - WINE By N K Yong OLD, mature champagne is not to everyone's taste. Unlike its usual qualities of zestiness and sharp acidity, old champagne is soft and mellow. The flavour is fuller, quite nutty, smelling and tasting of truffles and mushrooms. The English are particularly831 words
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Article, Illustration377 1991-05-04 21 Sybil Holloway - BRIDGE By Sybil Holloway IT WAS Monthly Medal night at the club and the declarer on Board 3 was a fairly experienced player. West led the HJ, South's ace winning. The CA was played followed by a club ruff. Now, South put all his377 words
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PURSUITS 1
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Article, Illustration812 1991-05-04 22 Nirmal Ghosh - Ipßhirteen Hollywood stars were in H| Singapore last Monday. But pftharity, not film-makine, was on gffiieir mind, says Nirmal Ghosh Nirmal Ghosh A BEVY of Hollywood entertainment stars from television, film, music and the stage set the night humming at the Hyatt Regency on Monday. Several hundred people812 words
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Article, Illustration861 1991-05-04 22 Nirmal Ghosh - Foster Brooks tells Nirmal Ghosh how he brings his audience moments of pure, uninhibited laughter Nirmal Ghosh SEVENTY nine years old and looking not a day over 60, Foster Brooks is the elder statesman of American comedy. His entry into show business came in the861 words
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Article, Illustration508 1991-05-04 22 Jaime Ee - Jaime Ee wonders what Tom Selleck is doing in Quigley Down Under, a film that is painfully slow, inconsequential and plot-less Jaime Ee NO ANIMALS were injured or killed in the making of this film," so it says at the end of the508 words
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Article, Illustration452 1991-05-04 22 Samuel Ee - Samuel Ee finds out what Peter McGuigan is doing to help Reebolc gain a firmer foothold Samuel Ee AS A BOY, Peter McGuigan never left home without his Adidas boots. They were the shoes that saw him through his professional soccer career, and not452 words
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Article, Illustration512 1991-05-04 23 Samuel Ee - Samuel Ee goes hunting for heads in Tanjong Pagar and discovers that torsos are for sale too. Bronze ones, that is. Samuel Ee Getting ahead in life can often be a daunting task. But getting a head in Tanjong Pagar isn't. In a narrow little shop on Duxton(Photos by Christopher Loh) - 512 words
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Article, Illustration312 1991-05-04 23 Cassandra How - Cassandra How attends an Indonesian treasure exhibition Cassandra How IF YOU are a discerning collector of anything that's of an artistic value, you'd know what separates a true treasure from one that's a treasure close to your heart. Especially if you have been drilled by mothers and mothers-in-law312 words
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Article, Illustration553 1991-05-04 23 Cassandra How - Hector Saunier and wife Hiroko speak to Cassandra How about their one common love printmaking and their two different styles Cassandra How PRINTMAKING has never really been considered art, failing as it did to reflect the dynamism inherent in the Abstract Expressionist paintings of the post-war553 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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179 1991-05-04 24 Lee Han Shih - Compiled by Lee Han Shih THE .SHANGRI-LA GROUP has an enviable reputation in thetregion, and the Singapore Shangri-La is hailed as one of best hotels. A complaint of bad service would be takeo. very seriously, especially when it conies from a cousin179 words
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Article64 1991-05-04 24 ON REARING that Gopinath Pillai (or Gopi, as many know him) had announced that Inno-Pacific Holdings is payuig 1 million for a Bukit Batok coffee shop unit which will tfc converted into a Shakey's Pizza outlet, someone who knaigj him well quipped: "It should be called64 words
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Article249 1991-05-04 24 IT IS HARD to be a market mover, as Ng Teng Fong junior, that is, Robert Ng, has found out in Hongkong. Bob Ng is the perpetual property bull, and all eyes are on him in government land auctions. Any sign of interest from him249 words
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Article58 1991-05-04 24 LEE MING TEE is making waves in the Philippines. Allied Kajima, a joint venture of his Hongkong-based Allied group and Kajima of Japan, has agreed to buy the Philippine Plaza Hotel for US$55 million (5596.8 million). The deal will give it a 25-year lease on the58 words
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Article, Illustration916 1991-05-04 24 Loretta McLaughlan - GFW's plan to sell its Cold Storage Holdings stake conies after a restructuring that made CSH a far sleeker group than before. Loretta McLaughlan looks into what GFW might expect to get. STOCK Loretta McLaughlan NOW THAT potential buyers have received a public916 words
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Article, Illustration490 1991-05-04 24 S N Vasuki - By S N Vasuki "We also had a chat with a number of our industry analysts at CJ Lawrence. Most of them told us that business in March was bad or worse than February. Some said that their company contacts told them that only490 words
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Article, Illustration481 1991-05-04 24 Goh Hiang Fong - CHART By Goh Hiang Fong The writer is Head of Research at Lum Chang Securities Pte Ltd THE STRAITS Times Industrials Index (STII) is poised to touch new highs, but it has First to break through the 1,580 level on good volume (See Chart A).481 words
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Article, Illustration473 1991-05-04 24 Thomas E Aspray - Singapore likely to remain stronger than ringgit Thomas E Aspray gives a cross rate analysis of the ringgit to the Singapore Thomas E Aspray Currency cross rates arc very important to most corporations and financial institutions. In 1991, the most dramatic movements have been tied to the strength of theSource: TeleTrac - 473 words
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Article, Illustration852 1991-05-04 25 Magdalene Ng - Magdalene Ng provides the details on an investment and education insurance plan with a twist involving a foreign currency Magdalene Ng Thirsty for a gamble and willing to take a bet on the Australian dollar? The American International Assurance (AIA) Super Returns A$ Plan852 words
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833 1991-05-04 25 Alan Street - TAKING By Alan Street WHILE the rationale for taking up a life insurance policy is usually for family protection, this is not always so. An important segment of the life insurance market is concerned with Business Insurance, the subject of this week's article. The833 words
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Article111 1991-05-04 25 I J Currency 1-mth 3-mih 6-mth 12-mth Value date US$ 3.6850 3.7550 3.9150 4.3250 Apr 29 W jl I A$ 8.6550 8,4350 '""ft3750 ***** '&&W' Jj I C$ 6.5850 6.9450 6.9450 6.9450 Apr ***** j| I DM 6.5750 6.7750 6.9250 6,9750 Apr 29 *91 I ECU 6.8250111 words
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JOBS
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Article, Illustration1117 1991-05-04 26 Chuang Peck Ming - Chuang Peck Ming meets an executive who switched from a human resource manager in a big American MNC to a general manager in a small Asian company Chuang Peck Ming CLEMENT NG started in his new job as a general manager literally in total darkness. His1,117 words
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Article, Illustration343 1991-05-04 26 Mr Lee Cheok Yew has been appointed Chief Executive Officer of SBC Enterprises Pte Ltd, a wholly-owned subsidiary of Singapore Broadcasting Corporation. He has extensive experience in marketing and advertising. Prior to his present appointment, he held key posts in Singapore Press Holdings as its Deputy Group General343 words
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285 1991-05-04 26 EUROPE'S high-flying executives want out. One in four executives in major European and British companies have thought of leaving their jobs to spend more time with their families. These executives are no longer ready to adopt the "workaholic, success at any cost ideology285 words
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716 1991-05-04 26 Annette Larke - Shun the glossies, touchy feelies, ego masseurs and academics Annette Larke, herself a training expert, reports on whom to avoid, and whom to choose, when looking for external training managers Annette Larke WHEN it comes to scouting for external training courses, there are four main types of operators to avoid,716 words
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Article1072 1991-05-04 27 Ctty FMgkt ETA FMgkt ETO Adelaide QF081 2000 SQ227 2200 QF082 2200 Amsterdam KL838 2115 SQ23 1345 KL837 1415 SQ24 2200 Anckiaad NZ21 1820 NZ22 1930 SQ338 2030 BA12 2155 Bandar Serf BI421 1105 SQ182 0915 Befawaa SQ181 1410 BI422 1205 BI429 2030 BI430 2125 Baagfcek1,072 words
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THE TRAVEL PAGE
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Article, Illustration614 1991-05-04 27 LETTER FROM PARIS YOU may be startled by references to the "New Louvre" or le Grand Louvre. What happened to the old Louvre? TTie answer is: a lot! Astonishing changes have been wrought in this castle once again, not without controversy but certainly with614 words
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Article154 1991-05-04 27 As at 3pm yesterday: l>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1 368 1.388 Canadian dollar I.S23 I.S43 NZ dollar 1.021 I.0S6 Sterling pound 3.027 3.047 US dollar 1.7630 1.7730 l>ocal dollars to 100 units of foreign currency Austrian schilling 14.40154 words
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TRAVEL SLICES
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98 1991-05-04 27 NYT A NEW SERVICE has been started to provide self-drive rental vans for wheelchair travellers arriving at England's Heathrow and Gatwick airports. Wheelchair Travel rents vans equipped with hydraulic tail elevators, wheelchair securing gear and safety harnesses. Rates for seven days range from aboutNYT - 98 words
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Article154 1991-05-04 27 Travel Business Analyst THE new NEX (Narita Express) train service from Narita airport to central Tokyo is proving so popular that it is difficult to book seats. If you cannot get a booking, remember that there are local trains (the Yokosuka line) that runTravel Business Analyst - 154 words
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107 1991-05-04 27 NYT THE'major tourist areas of Costa Rica were left largely undamaged by the April 22 earthquake that took the lives of about 70 people, according to the country's tourism minister. Luis Manuel Chacon said the quake centred around the port city of Limon onNYT - 107 words
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Article144 1991-05-04 27 NYT ONE OF London's few remaining great 18th-century townhouses, Spencer House, at St James's Place, has been restored and will open to the public on May 1£ Still owned by the Spencer family, of which the Princess of Wales is a member, the work was carriedNYT - 144 words
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Article251 1991-05-04 27 Duration Title Venue Organiser Te! Duration Title Venue Organiser Tel May 8-11 Computer 91 Hongkong Hongkong *****3 May 25-29 International Milan Associasione *****64.282 Computer Elect rotechntcs Intel Society Electronics May 27 International Barcelona, Foire de ********** May Expoedit-Copia 91 Milan Trade Assoc uzione 02/*****04 June 1 Informatics251 words
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TIME OFF
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Article42 1991-05-04 28 The Odd Couple Two hopelessly mismatched room-mates try to cope with their divorces, and each other, with outrageously hilarious results. The Actors Theatre Circle presents the female version of Neil Simon's The Odd Couple. The Drama Centre. May 8-11 at Bpm.42 words
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Article, Illustration425 1991-05-04 28 K Jayanti - Compiled by K Jayanti Exhibition cum Sale Of European Prints In Variety. Prints by Lien Dezo, Donald Hamilton Fraser, Jurgen Gorg and Itzchak Tarkay will be on display. Rosefern Fine Art, 402 Orchard Rd, #04-14 Orchard Delfi. Mon-Sat: llam-6pm. Closed on Sundays and Public Holidays. Mozart In Stills See425 words
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Article, Illustration612 1991-05-04 28 Awakenings. Robert DeNiro does some hand and legwork and gets himself an Oscar nomination in this movie based on a true story about a catatonic case and his shy doctor. Robin Williams is the introverted physician who searches indefatigably for a cure and finds it, only to have his612 words
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Page 17 Advertisements
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Advertisement273 1991-05-04 17 l Today, one watch reigns supreme. 7?*> Mechanical Masterpieces 7?>e Automatic Chronograph, the Perpetual Calendar and the Tourbillon (Illustrated from left to right J BA 256 44/003, HA *****/002 and BA *****/003. For those who will not settle for Today, these masterpieces remain second best, there is only one name.273 words
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Page 18 Advertisements
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Advertisement186 1991-05-04 18 mrjrJw > jBB "The shopping around here is Iflf' great. What would you like me to VW model for you? "Just the diamond earrings x 1 ummer W" r iM Pfcr person (approximately Per night on Twin sharing basis. From September your Hong Kong trip starts with a r ij(9r186 words
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Advertisement26 1991-05-04 18 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.26 words
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Page 18 Miscellaneous
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Miscellaneous62 1991-05-04 18 BOONESBURY BY GARRY TRUDEAU > "TSK. I CAN'T EMPHASIZE: EVSN THOUGH THE MARINES UJE'VE GOT 70 yV/ ENOUGH-HJE'VE GOT TO APE POiNGA GREAT JO&, THE SHIFT THE LET'S START &XWIIC CONTROL OF THE FACT IS, THE/'RE STIU, RXVS! NOW, HEAR ANOTHER PICTURES... J HIP-PEEP IN IRAQ! THE/'VE TUB NSC HAS62 words
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Page 20 Advertisements
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Advertisement179 1991-05-04 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 5.00 PM. HAPPY HOUR St DJ MUSIC: 8.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00 PM TO 2.00 AM. mt179 words
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Advertisement338 1991-05-04 20 IT nuime&s 1 californian cuisine J TOO LATE FOR BREAKFAST? --jr TOO EARLY FOR LUNCH? CALIFORNIAN 1 BUFFET J BRUNCH DELIGHTFUL HOT AND COLD DISHES. A JAZZ r fIV BAND TO PUT YOU IN A MERRY MORNING "1/ MOOD. EVEN A LEGO PLAYGROUND 1 NEXT DOOR FOR THE SMALL ONES.338 words
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Advertisement217 1991-05-04 20 Seafood Theatre Restaurant C**one*-T)>» Cuwne 6? v MAKE NO BONES ABOUT IT. otl SIT MINUS Alt VAIUE-fO^MONfY. A rare treat indeed! Exotic Cantonese-Thai cuisine served to you at the most affordable prices In a variety of set menus for 2-10 persons For as little as $50++. Tempted? Call Seafood-Theatre Restaurant.217 words
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Advertisement247 1991-05-04 20 viva espana I The Belvedere brings you the savoury taste of sunny Spain. With over 60 traditional f favourites, you'll say "Ole" to the most I extravagant buffet in town! I We serve the world to you at The Belvedere. Of/ancfarM |JJ Ommm*' i I b*nw*u»dM>mn. I „-'»H m Orchard247 words
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Page 21 Advertisements
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Advertisement225 1991-05-04 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. Sunday BRUNCH: 11AM TO 2.30PM fgmm wW[ adults w >' $31.00 I children 2,« i $t9.00+ 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.225 words
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Advertisement58 1991-05-04 21 "SPLENDOURS OF SPRING" CHINA CHINA RESTAURANT 1 APR TO 31 MAY 91 A whole new season of gastronomicaladventure to savour the finest selection of Hong Kong's Springtime menu, "c Splendidly prepared by four of CHINA CHINA'S resident masterchefs from p Hong Kong. ,'4 MARINA BAY GOLF COUNTRY CLUB 6 Mann*58 words
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Page 25 Advertisements
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Advertisement12 1991-05-04 25 MaaS) Great Eastern Life XJOIS/ We take care of you for life12 words
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Advertisement478 1991-05-04 25 "SHARE LOAN The cMutt way of turning shares into tatA o* Me 4fot I Potott FHgQFTS' Quick and Easy. Get instant cash for your shares I T 2 1 bone Remy Utetti VSOP (3d) over the counter at any of our 28 branches 4 2bo««aOTyMrtnVSOP(M) I Loans from $2,000 to478 words
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Page 26 Advertisements
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Advertisement152 1991-05-04 26 DHL IN THE NEWS Advertisement DHL INTRODUCES AUTOMATED CUSTOMER SERVICE To deliver even better phone-bank system, allows DHL's ACS system service, DHL Worldwide customers to select a service makes the booking of a Express now has an Auto- such as booking a shipment collection and tracking of a mated Customer152 words
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Advertisement199 1991-05-04 26 BUSINESS TIM E— S TELEPHONE: 730-5937/5902/5942 FAX: 734-4 98 2 We are a German Group of Companies specialized in I manufacturing multi-axis CNC portal machining centres, heavy I duty lathes, CNC texturing of rolls, roll grinder, CNC guideway and surface grinding machines and EDM equipment for the I manufacture of199 words
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Page 26 Miscellaneous
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Miscellaneous8 1991-05-04 26 QOO uu«o o* I lo c$P r^w" Punch8 words
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Page 27 Advertisements
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Advertisement32 1991-05-04 27 j Irving, dont forget Finnair conducts a brilliant service to Berlin. And to over 30 European destinations from Amsterdam to Athens Call *****77 for details. We know Europe from start to Finnish.32 words
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Advertisement31 1991-05-04 27 Good morning, Vietnam rTTH 1 Indonesia's paper and pulp tiger New for Marina Centre project The latest The portable office Results of World Leadership Survey Investment spotlight on Transmarco and Tang31 words
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Page 27 Miscellaneous
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Miscellaneous155 1991-05-04 27 non-flowerin ■vc ai ttfl Only 50 per cent off? 22 Lament not wanting to 26 Not Alan calling Hold (4,6) withdraw from an agree- 7 Ornamental loop 'e's ment (3,3) Do better than others in p| ace( j on t h e flo_ 25 Slight disparagement (4) open-air education? (8)155 words
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Miscellaneous170 1991-05-04 27 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 19/09 Windy Bangkok 37/26 Showers Beijing 24/15 Showers Brunei 30/23 Showers Hongkong 30/26 Cloudy Jakarta 31/24 Rain Kuala Lumpur 34/24 Showers Manila 34/20 Showers Melbourne 2 5/15 Sunny Perth 27/15 Sunny Seoul 19/09 Fair Sydney 26/17 Sunny Taipei 19/16 Windy Tokyo 22/15 Cloudy Wellington170 words
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Page 28 Miscellaneous
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Miscellaneous1710 1991-05-04 28 TODAY'S TV HHRnffITWHHI ■Jf|PISVn?nH fcV I'VT 10.00 The Bugs Bunny Show Hello Spencer Show. From the "f d s v 3.15pm, SBC 5 7.30pm. SBC 12 11" "tZj«2il. Imprisoned for killing her Tomorrow Navy PMNews(M). unfaithful husband, a woman hence documentary 12.15 What The Computer Can turns to creative writing1,710 words
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Miscellaneous638 1991-05-04 28 MOVIES ON TV Half of Heaven (La Mitad Del other hand, some American CMo), Mon, 10.30pm, SBC 12 Indians will. William Shatner Farm girl marries knife- narrates this story about the grinder. Knife grinder dies, Poncas, a tribe of Indians but other suitors come call- are forced by the US638 words
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