The Business Times, 18 May 1991

Microfilm: NL17495
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. May 18-19 1991 75*
    11 words
  • NEWS & MARKETS
    • Article
      UK inflation rate posts sharpest fall in 10 years
      62 1 LONDON Britain's annual rate of inflation fell to 6.4 per cent in April from 8.2 per cent the previous month, the biggest monthly fall for 10 years but still insufficient to bring an immediate cut in interest rates. The reduction, announced
      62 words
    • Article
      Dow down
      31 1 US stock prices fell yesterday morning in quiet, early trading. The Dow Jones average of 30 industrials was off 14.98 points at 2,879.03 after the first hour of trading.
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    • Article
      Footsie lower
      39 1 LONDON shares fell yesterday, depressed by disappointment over newly released April trade figures. At about 1215 GMT, the FTSE-100 share index fell 18.8 points, or 0.7 per cent, to 2,453.1. Volume was a modest 239.7 million shares.
      39 words
    • Article
      A new port
      35 1 MINISTER for Communications Dr Yeo Ning Hong painted a scenario in the 21st century of possible port developments that will free Tanjong Pagar for expansion of the Central Business District Page 2
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    • Article
      Upturn in US economy
      32 1 THE US economy is turning around, but Americans may have to wait several more months before the signs of the end of the recession become evident Page 7
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    • Article
      C&C area of growth
      25 1 IMPROVED pre-tax profits at Cycle and Carriage were due mainly to better performance of the vehicle business in Malaysia Page 3
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    • Article
      Thai capital market
      27 1 NEW trading products will be launched in the Thai capital market within the next six months, said Deputy Finance Minister Virabongsa Ramangkura Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 730.46 6.86 Kuala Lumpur ...583.36 +4.49 Tokyo 25.701.94 +181.67 Hongkong 3.882.84 +23.18 Sydney 1,530.3 -13.5 Thursday Change New York 2,894.01 +28.63 London 1,938.8 12.6
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.7685 100 Yen SS 1.2834 MS SS 0.6412 Money market rates Overnight 4-3/4 unch 3-month 5-1/8% unch
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    • Article
      COMMODITIES
      39 1 London Gold AM fix USS354.95 -US$3 40 Rubber S'pore June l46.00*/kg -0.25 M'sia June 225.5C/kg unch KL Tin Turnover 45 tonnes -25 Spot MS 15.49/kg -0 06 Crude palm oil Turnover 1,475 lots +602 June MS772 /tonne -11
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  • Article
    Govt ups forecast to 6-8pc growth this year
    641 1  -  First Quarter Economic Survey By Kenneth James A STRONG 6 to 8 per cent that is the government's latest growth forecast for the economy, following a first quarter that exceeded expectations and signs that the key US economy is climbing out of
    641 words
  • Article, Illustration
    I won't run for re-election, says Aquino again
    331 1  -  Interview with Mrs Aquino From Harish Mehta in MANILA PHILIPPINE president Corazon Aquino will bid farewell to politics and pursue a career with non-gov-ernment organisations in the Philippines when her current term ends in 1992. Mrs Aquino, who has 10 months left
    331 words
  • Article
    Mendaki Growth Fund raises over $3m in 4 days
    223 1  -  By Shoeb Kagda LAUNCHED only a week ago, the Amanah Saham Mendaki (ASM) or the Mendaki Growth Fund has already surpassed early expectations by attracting more than $3 million within the first four days. M lt is going to exceed our
    223 words
  • Article
    SES discloses query on UIC and Oei Hong Leong
    570 1  -  Liem or son knew of losses before buying stock By Lee Han Shih A RARE disclosure yesterday by the Stock Exchange of Singapore (SES) showed that Indonesian tycoon Liem Sioe Liong or his son Anthony Salim had some knowledge of United
    570 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      154 1 Nikon Tho Mtortd's Flrwst Photographic System. COVER g^B\T!H QPINIQNS PURSUITS PURSUITS JOBS Fi«hino Is Singapore Preview: Underwater ls r an °w«upply Communicating f 8 Stretchmarks and World' no likely between for p;i 2 Good Day. EL 7 *>.(1. HO mm soon? EL 8 executives. EL 10 Pe P ocracv diving
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      Page 1 Advertisements Column 2
      8 1 Businesses upbeat about next six months, Pg 2
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      Page 1 Advertisements Column 3
      145 1 p J I Nikon Th« Wbrtdt FinMt Photographic System. Since 1735 there has never been a quartz Blancpain watch. And there never will be. Model shown 6595 1418 58 Blanc paiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by hand by the
      145 words
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  • HOME NEWS
    • Article, Illustration
      PSA already planning for a new port
      371 2  -  New facility could be built on reclaimed land, says Dr Yeo By Magdalene Phang A VISION of a new port which maximises Singapore's land and sea space, yet blends gracefully with commercial and residential buildings was outlined by the Communications Minister yesterday evening.
      371 words
    • Article
      More businessmen upbeat about next two quarters
      390 2  -  First Quarter Economic Survey By Anna Teo BUSINESS sentiment has returned to the strong levels of pre-Gulf crisis days. Industrialists and businessmen have become positive about prospects in the second and third quarters of the year, with more planning capital investments in the
      390 words
    • Article
      Brokers, banks and airlines among most bullish
      192 2 STOCKBROKERS, commercial banks, transport storage firms and restaurants are among the most bullish about business in the commerce and services sectors. None of the stockbroking firms or commercial banks surveyed in March about their business expectations for the next six months forecast any
      192 words
    • Article
      Lending by banks sees slightly slower growth
      227 2 BANK LOANS and advances, including bills financing, grew 13 per cent to $59.2 billion at the end of March, slightly lower than the 14 per cent quarterly growth at end--1990. Growth of bank deposits was stable at 20 per cent at the end
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    • Article, Illustration
      Sony to make video camera precision components here
      356 2  -  By Genevieve Cua JAPANESE electronics giant Sony has picked Singapore as a centre for precision components for its bestselling handheld video camera, the first time such components will be manufactured outside Japan. Along with its $65 million investment, Sony is also setting
      356 words
    • Article
      Talks on 3 projects with EC mission
      201 2 A VISITING European Community mission has held further discussions with the Singapore government and statutory boards on three joint-venture projects. EC commissioner Abel Matutes said the three proposals involved the setting up of research centres in environmental engineering and creative services as well
      201 words
  • SHIPS IN PORT
    • Article
      CONTAINER SCHEDULE
      942 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance RsJts Shp Voy No Etb/Btr Period From To From Afc Bhum 491N 18/2359 1 17/1500 17/1659 17/1900 2 17/1700 18/0659 18/0900 <1258 20/1200 2 17/1700 18/0659 18/0900 4 18/1200 18/1459 18/1700 An Jayaharta ***** 19/0300 1 17/1500 17/1659
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      23 2 For information on Conventional Wharves please call: 321-1591 (keppel Terminal), 274-7111 (Marina Wharves), 265-0666 (Jurong Port), 750-7107 (Sembawang Terminal), 470-6249 (Pasir Panjang Terminal).
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      C&C group results boosted by M'sian sales
      405 3  -  By Selva Kumar CAR SALES across the Causeway fuelled Cycle and Carriage Group's half-time results this year. Group turnover in the six months ended March 31 grew 26.3 per cent to $533.1 million, but about 40 per cent came from sales outside Singapore.
      405 words
    • Article
      C&C to buy more sites for development
      187 3 CYCLE and Carriage Group wants to build on its successful entry into the property business. As part of its strategy, the group will acquire more sites for development, Thomas Chua, the group's chief executive officer, told reporters after the release of the group's
      187 words
    • Article
      Goodwood interim profits up 3pc despite Gulf crisis
      313 3 GOODWOOD Park Hotel Ltd has announced an interim dividend of 35 per cent (less 31 per cent tax) for the year ending Sept 30, 1991. This is higher than the 15 per cent interim dividend announced last year, which came with a
      313 words
    • Article
      Lock icon D&C Bank seeks merger with UMBC for faster expansion
      311 3 Bernama KUALA LUMPUR Development Commercial Bank Bhd sees the acquisition of Perbadanan Nasional Bhd's stake in United Malayan Banking Corp Bhd as one way for it to merge with another bank to expand and grow faster. Its chairman. Tan Sri Geh
      Bernama  -  311 words
    • Article
      Warrants: premiums and gearing
      995 3 Prices (as at 17.05.91] Conversion terms Premium/' Expiry 1 1 1 (discount) Amount Optional** using issued T" Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cash Loan Gearing 4 Date Mths units) stock ratio price nom Stk, Left value S $%>,%,% C&C Wt 37 5
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    • Article
      Lock icon S Toto to sell Shahzan Tower unit to Insas
      371 3 Reuter KUALA LUMPUR Sports Toto Malaysia Bhd, a gaming unit of diversified In-ter-Pacific Industrial Group Bhd, has agreed to sell its property unit, which owns a premier office block here, for M 560.86 million. Sports Toto, controlled by Malaysian enterpreneur Vincent
      Reuter  -  371 words
    • Article
      GFW wants to buy Cold Store's bakery arm
      174 3 GOODMAN Fielder Wattie (GFW) has approached its 63 per cent owned subsidiary Cold Storage Holdings (CSH) to buy over the latter's bakery interest. This was disclosed by British merchant banker Baring Brothers yesterday. Barings said the CSH board has yet to reach
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    • COMPANY BRIEFS
      • Article
        Rashid Hussain plans office block next to HQ
        81 3 KUALA LUMPUR Rashid Hussain Bhd hopes to construct its proposed multi-storey office complex adjacent to its present corporate headquarters at RHB 1 along Jalan Tun Razak here sometime this year, its chairman, Datuk Rashid Hussain, said yesterday. He told newsmen after attending
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      • Article
        Magnum finalising unit's listing
        69 3 KUALA LUMPUR Magnum Corporation Bhd hopes to complete the process of floating its subsidiary. Leisure Management Bhd, by the end of next month. Magnum executive director Datuk Lim Kim Wah said yesterday. The proposed flotation has been approved by all relevant authorities, except the Kuala Lumpur
        69 words
      • Article
        Maybank to launch 2 new funds
        87 3 KUALA LUMPUR Malayan Banking Bhd plans to launch two new investment funds a country fund for the foreign market and a unit trust for the local investors before year-end, its senior general manager for operations Mr Amirsham Abdul Aziz said yesterday. Mr Amirsham said
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      • Article
        Far East Holdings optimistic
        80 3 KUALA LUMPUR Oil palm-based Far East Holdings Berhad is optimistic about the group's performance for 1991, in view of increasing prices of palm oil at the end of 1990, chairman Haji Abu Dahari Osman says. The group's yield of fresh fruit bunches for 1991 was expected
        80 words
      • Article
        Scientex land sale nets M$39m
        74 3 KUALA LUMPUR Scientex Industries Berhad yesterday announced a transaction involving a piece of land in Selangor which gives it a pre-tax gain of about Ms 39 million (5525.35 million) in less than seven months. It said in a statement here that its subsidiary, Scientex Development
        74 words
      • Article
        Poly Glass posts M$4.8m profit
        80 3 KUALA LUMPUR Poly Glass Fibre (M) Bhd, which was listed on the KLSE second board in the middle of last year, has reported a group consolidated operating pre-tax profit of Ms4.B million (553.12 million) for the year ended Feb 28, 1990. In a statement here
        80 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      206 3 SIBEX<^_'9I Now, at the Chattgi International Exhibition Convention Centre Singapore Find out what 230 companies from 20 countries can do for your building and construction business. SIBEX '91 the 9th South East Asian International Building Exposition 15th 18th May 1991 The 9th staging of SIBEX at the SIBEX '91 will
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  • REGIONAL / INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Taiwan firm buys stake in Exploration Co
        74 4 LAFAYETTE, Louisiana Exploration Co ot Louisiana Inc said China Investment and Development Co Ltd ot Taiwan bought Exploration Co preferred stock and warrants tor US$5 million (SsB.B million). China Investment bought 50,000 shares of Series B cumulative preferred stock, and warrants to buy
        74 words
      • Article
        Bondholders save Bond Corp
        65 4 ZURICH Australia's Bond Corp Holdings Ltd said holders of Swiss franc bonds issued by two of its units have approved a plan aimed at saving it from liquidation. "The vote endorsed the sentiments we have been expressing for some time that creditors' interests were best served
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      • Article
        China Paint to begin trading
        59 4 HONGKONG China Paint Holdings Ltd has received approval to list in Hongkong and will begin trading next Tuesday, the Stock Exchange of Hongkong said. China Paint said earlier that its offer of 92 million new shares at HK$l.OB each, with warrants in proportion of one
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      • Article
        Ssangyong stake for Aramco
        64 4 SEOUL Saudi Arabia's state-run oil company Aramco will buy a stake, probably 35 per cent, in South Korea's Ssangyong Oil Refining Co Ltd for about US$4OO million (Ss7o4 million) Ssangyong officials said. The two companies signed an agreement in December to form a US$7OO million joint
        64 words
      • Article
        Rhone-Poulenc sure of growth
        64 4 PARIS French state-owned chemicals and pharmaceuticals firm Rhone-Poulenc SA said it is sticking to its stated aim of showing growth in operating profits for 1991, despite a slide in first quarter results. Rhone-Poulenc announced that net attributable profit dropped 68.8 per cent to 430 million French
        64 words
      • Article
        Arab Potash wants to expand
        69 4 AMMAN Arab Potash Co, a Dead Sea chemicals firm whose shareholders include Jordan, Iraq and Kuwait, is likely to seek private capital for a US$l billion (551.76 billion) expansion, company officials said. Feasibility studies on a planned complex to refine industrial chemicals from salts and
        69 words
      • Article
        Indon sugar firm suffers losses
        82 4 JAKARTA Indonesian state-owned plantation company PTP XV-XVI. which operates 13 sugar mills in central Java, suffered a loss of 1.9 billion rupiahs (S$ 1.72 million) last year, due to the decreased production of dry-cultiva-tion sugar cane. Mr Sugiarto, a spokesman for the company, said that
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      • Article
        AEG chairman tells of changes
        36 4 FRANKFURT AEG AG's new management board chairman Ernst Stoeckl, setting the stage for an overhaul of the loss-making unit of Daimler-Benz, said structural changes were needed to turn the company around.
        36 words
    • Article
      Lock icon Ayala Land expects to raise $160m from share offer
      401 4 Reuter MANILA Ayala Land Inc, the real estate subsidiary of Philippine conglomerate Ayala Corp, said on Thursday its public offer of 96 million new shares would take effect between May 20 and June 14 and the listing on the bourses in
      Reuter  -  401 words
    • Article, Illustration
      Lock icon Bridgestone to pump US$1.4b into its ailing US unit
      314 4 FT TOKYO Bridgestone, the Japanese tyre-maker, is to inject US$l.4 billion (552.46 billion) extra capital into Bridgestone/Firestone, its ailing US operation. The funds are intended to allow Bridgestone/Firestone to cut its borrowings of about US$3 billion by half, reduce interest payments
      FT  -  314 words
    • Article
      Lock icon Santos expects fall in profits from last year's record
      252 4 Reuter ADELAIDE Oil and gas producer Santos Ltd said profits were likely to be lower in calendar 1991 than the record result achieved in 1990. Chairman Stan Wallis yesterday told the annual meeting the outlook for 1991 was clouded by the
      Reuter  -  252 words
    • Article
      Lock icon Pharmaceuticals give Roche hope for better profits
      218 4 Reuter BASLE Swiss chemical and pharmaceutical company Roche Holding Ltd «aid it was confident the strength of its pharmaceuticals division would help it raise profit this year. "Pharmaceuticals form the main pillar of our business, accounting for some 50 per cent of sales,"
      Reuter  -  218 words
    • Article, Illustration
      Lock icon NZ's richest man worth NZ$300m
      201 4 Reuter WELLINGTON The richest man in New Zealand increased his fortune by about 10 per cent in the past year but is still a pauper compared to his overseas counterparts, according to a newspaper survey published yesterday. Beer baron Doug Myers, chief executive of Australasian
      Reuter  -  201 words
    • Article
      Lock icon Game maker Nintendo reaches out to small investors
      236 4 Reuter TOKYO Nintendo Co Ud Hill reduce the minimum trading unit for its stocks to 100 shares from the current 1,000 starting on Aug 1, the giant game maker said in a statement released on Thursday. The change, aimed at making it
      Reuter  -  236 words
    • Article
      Lock icon TNT says no dividends in spite of likely better final quarter
      402 4 Reuter SYDNEY International transport group TNT Ltd said operating results in the final quarter of 1990-91 would improve on those of the third quarter but it would not pay dividends for the final half of the year. TNT earlier
      Reuter  -  402 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      165 4 FROM 8,000 MILES AWAY COMES A CHEF WHO'LL IMMEDIATELY MAKE YOU FEEL AT HOME. M CLASSICALLY CALIFORNIAN CUISINE Exciting cuisine. Distinctive flavours. Spiced by the influences of a melting pot of cultures. That's Classically Californian Cuisine. And you can savour this tantalising experience right here at home. Because from 10-25
      165 words
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      Page 4 Advertisements Column 2
      192 4 OFFSHORE SUPPLY SHIP FOR SALE AUS $750,000 (Approx. U*****,000) On instructions from the vendor, the following ship is offered for sale (in Cairns, Australia.) Name PACIFIC PIONEER (ex NORTHERN WORKER) Length 54 76M (179% Breadth 1158M(38) Depth 4.27 M (14) Draught 3 66M (12 to S.W.L. Deadweight 1030T (1014 tones)
      192 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      428 5 Some lines of thought are worth pursuing more than others. If you're racking your brains trying to figure out the most profitable way to invest, consider a new idea. Schroder Unit Trusts. Geniuses who invested with us Swears ago have every right to smile. PEfFO Because over this period, Schroder-
      428 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        New rules to curb speculation in Shenzhen
        79 6 BEIJING New rules announeed for China's stoek exchange in Shenzhen have set a 50,000 yuan ceiling on individual investors to curb speculation. The rules, issued on Wednesday and effective immediately, also forbid Communist Party and government officials, military officers, or professional brokers from
        79 words
      • Article
        UK's banking share down
        80 6 LONDON The Bank of England said in its latest quarterly bulletin that London has seen its share of the international banking market decline between 1988 and 1990, while Germany and other continental centres steadily increased their business. The UK saw its share down to 18.4 per
        80 words
      • Article
        Fannie Mae expects solid year
        68 6 WASHINGTON Federal National Mortgage Association Chairman James Johnson said he expects the company will have a very solid performance in 1991, but he declined to state whether earnings would exceed last year's level. "We expect we are going to continue to have very strong quarters
        68 words
      • Article
        Aegon predicts profit-rise again
        88 6 THE HAGUE Insurer Aegon NV repeated its forecast that operational net profit will rise in 1991 and that operational net profit per share will at least equal 1990's level. In April, Aegon reported a 1990 operational net profit of 645 million Dutch guilders (*****.4 million) up
        88 words
    • Article
      Lock icon Capital market in Thailand to grow
      298 6 Reuter BANGKOK Deputy Finance Minister Virabongsa Ramangkura said new trading products would be launched in the Thai capital market within the next six months. A Bill is being drafted to allow private companies to issue debt instruments including commercial papers for trade, he said.
      Reuter  -  298 words
    • Article
      Lock icon HK plans govt bond market this year
      217 6 AP HONGKONG Anticipating agreement soon between China and Britain on a new Hongkong airport. Hongkong will establish a government bond market this year to help finance it, the colony's Financial Secretary said on Thursday. The official. Sir Piers Jacobs. laid out plans for
      AP  -  217 words
    • Article, Illustration
      US dollar eases on bearish sentiment
      496 6 DBS Bank weekly currency review US$/DM: no end to correction Following the bear divergence in the weekly stochastics, the US dollar traded lower this week, breaking support at 1.7050 marks on Tuesday to trade to a low of 1.6825 on Wednesday before recovering somewhat
      496 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      122 6 \a -ii. y V* nr 1 iOi», ti How did you score? You are right. We weren't really testing your IQ. We just wanted to tell you about job opportunities here in the Marketing Division at Singapore Press Holdings. And unlike most tests, ours had no right or wrong answer.
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      Page 6 Advertisements Column 2
      137 6 The Gatsby /jS w There's a group of talented w//f/tt^6a/ 7 musicians making exciting music cocktail lounge sentimental. Top 40, evergreen. L,M 1 country and jazz music to send your fingers snapping and your feet tapping. The Gatsby. Now at the cosy Cinnabar Lounge. Moving you the way only true
      137 words
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  • THE REGION/THE WORLD
    • Article
      Lock icon US economy in process of turning around: official
      593 7 Signs of recession's end evident only in a few months Reuter WASHINGTON Americans may have to wait several more months before the signs of the end of the recession become evident, despite assurances from top government officials the economy has turned round.
      Reuter  -  593 words
    • Article, Illustration
      Queen Elizabeth meets King Lear
      46 7 Great Britain's Queen Elizabeth getting a closeup look at the performance of Shakespeare's King tear during a visit to the Folger Theatre in Washington on Thursday. King Lear is played by Fritz Weaver. The Queen also toured the Folger Shakespeare Library.
      46 words
    • Article
      Lock icon Bush may attach conditions to special trade status for China
      201 7 AFP WASHINGTON President George Bush may attach conditions to the renewal of trade preferences for China under the most favoured nation status (MFN), the White House said on Thursday. Spokesman Marlin Fitzwater made the announcement after members of Congress protested
      AFP  -  201 words
    • Article
      Lock icon Gorbachev makes secret reform-for-aid offer to G7
      387 7 World Bank, IMF may work directly on reforms Ff MOSCOW President Mikhail Gorbachev has made a secret appeal to the Group of Seven leading industrial nations for extensive financial and technical support in return for a root and branch economic reform in the
      Ff  -  387 words
    • Article
      Lock icon Jakarta tightens regulations on popular brand names
      214 7 Reuter JAKARTA Indonesia is tightening regulations on famous brand names to try to lose its image as a pirate of other people's products. I he Justice Ministry, which is in charge of trademark regulations, said yesterday that starting this month it will refuse
      Reuter  -  214 words
    • Article
      Lock icon OECD sees fairly strong recovery from second half
      351 7 AFP PARIS A fairly strong economic recovery should get underway in major industrial nations from mid-summer, leading to average growth of about 2.9 per cent next year, according to confidential OECD forecasts cited by economic diplomats on Thursday. They said projections by
      AFP  -  351 words
    • Article
      Lock icon UK reports biggest April rise in jobless figures in 20 years
      364 7 FT LONIX)N The UK government on Thursday reported the biggest April rise in unemployment for more than 20 years while releasing industrial production figures that suggested the recession may have touched bottom. The latest economic data, which also included
      FT  -  364 words
    • WORLD WATCH
      • Article
        M'sia wants Japanese help in timber trade
        81 7 KUALA LUMPUR Malaysia will like to seek Japan's participation in its downstream processing of timber resources in Malaysia. "With this in view, we have drawn up appropriate policies and measures to accelerate the development of the furniture industry, which has been accorded high
        81 words
      • Article
        Aussie wool output seen falling
        61 7 LONDON Australian wool output will fall by nearly one third within three years compared with the record level of 1989-90, the Economist Intelligence Unit said in a report. But an increase in production in other countries would slow down the reduction of world stocks and
        61 words
      • Article
        IDA's funds for 3 countries
        77 7 WASHINGTON The International Development Association (IDA), a World Bank affiliate, has approved a US$llO million aid for China. The money will be used to increase farmer incomes by boosting productivity. India will get US$l3O million from the IDA and US$23 million from the Bank itself
        77 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      980 7 INTER-ROLLER ENGINEERING LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Inter-Roller Engineering Limited will be held at 20 Benoi Crescent, Singapore 2262 on 14 June 1991 at 10.00 am for the following purposes: As Ordinary Business 1. To receive, and if approved,
      980 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Late interest in SIA gives market a boost
      4735 8  -  By Salil Tripathi SUDDEN INTEREST in the SIA scrip in the last two hours of the session boosted trading on the Singapore bourse yesterday. Ending the day on a positive note, the benchmark Straits Times Industrials Index closed at 1,513.75, up 10.69
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4016 9 Main Board SIA Foreign 18*) 30 fl.6% SIA 1310 30 +2.3% SIA 200 1310 30 2.3% Semb Shipyard 690 +20 3.0% UOI 255 +17 7.1% Spore Bus 500 620 +15 +2.5% Keppel C Wrts 478 +14 +3.0% C&CWt 279 +14 5.3% City Dev 50* 368
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks finish higher in thin trading
      4092 10 MBT SHARE PRICES in Kuala Lumpur closed broadly higher in thin trading yesterday as sentiment was boosted by rises on Wall Street overnight and in Tokyo. The KLSE Composite index rose 4.49 points to 583.36 and the Industrial index rose 11.08 points to 1,125.55.
      MBT  -  4,092 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      376 10 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that. I. Tan Ah Tin of Blk 525 Bedok North St 3 #03-426 Singapore 1646, have applied for a Ist Class Public House licence in respect of premises at M/s 933 Karaoke Lounge at 465 Crawford Lane
      376 words
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      Page 10 Advertisements Column 2
      391 10 LIQUOR LICENCE NOTICE NOTICE IS HQtEBY GIVEN that I, Lim Hoo Soon of Blk 170 Bukit Batok West Avenue 8, #19-363, Singapore 2365, have applied for a Retail Liquor Shop licence in respect of premises at M/s Lim Leong Soon at Blk 265, Bukit Batok East Avenue 4, 401-401 Singapore
      391 words
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      Page 10 Advertisements Column 3
      316 10 In the matter of the Companies Act, Cap. 50, Section 291 (1) And In the matter of Chemplas (F.E.) Pte. Umited (Provisional Liquidators Appointed) Statutory declaration by Directors of Company's Inability to continus business by reason of its liabilities CHEMPLAS (F.E.) PTE. LIMITED *****0288R The Registrar of Companies. Singapore I,
      316 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market rebounds after five days of losses
      2224 11 Reuter TOKYO STOCKS closed higher yesterday after five days of losses, pulled up in thin trade by New York's overnight rise of one per cent. The local overnight call rate staying in the 7 per cent range on Thursday was a positive factor,
      Reuter  -  2,224 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng gains 23 points on heavy trading
      2035 11 AP Reuter SHARE PRICES on the Hongkong Stock Exchange closed higher yesterday for the second day in heavy trading. The Hang Seng index, the market's key indicator of blue chips, gained 23.18 points, closing at 3,882.84. Turnover totalled HK$ 1.826 billion, up
      AP; Reuter  -  2,035 words
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  • REGIONAL STOCK MARKETS
    • Aussie market runs out of puff
      • Article
        Untitled
        596 12 Close Previous May 17 SYDNEY All Ordinaries Index 1,530.3 1.541.0 -10.7 All Industrials Index 2,395.8 2,401.2 -5.4 All Resources Index 871.4 884.9 -13.5 Turnover (million) 186.94 216.72 -29.78 BANGKOK SET Index 820.93 816.36 f4.57 Turnover (million bahl) 3,430 2,500 930 JAKARTA Composite Index 404.87 403.05 +1.82 MANILA Composite Index 1,116.55
        596 words
      • Article
        AUSTRALIA
        827 12 AUSTRALIAN SHARES took a breather yesterday after vigorous buying yesterday in the wake of Thursday's cut in official interest rates. "Not much has happened, the market's just marking time after running out of puff," an Ord Minnett broker said. However, dealers said the bullish trend should return next week
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      • Article
        BANGKOK
        858 12 THAILAND'S SET stocks index ended higher yesterday despite a fall in leading blue chip Siam Cement, which was lower for a third successive day. The index rose 4.57 points to close at 820.93 on a turnover of 3.43 billion baht. Siam Cement lost 16 baht to 670. It has
        858 words
      • Article
        MANILA
        470 12 PHILIPPINE shares posted gains on the back of Wall Street's advance overnight but brokers said the rise was not enough to stir excitement in a consolidating market. The Manila Stock Exchange composite index inched up 7.06 points to close at 1,116.55 yesterday. Combined turnover on the two bourses grew
        470 words
      • Article
        BOMBAY
        89 12 BOMBAY share prices attracted heavy profit-taking after a strong start and ended mixed in volatile trading on Thursday. The Bombay Stock Exchange Index touched a high of 1,304.13 in early trade, but drifted lower to close at 1,291.50, 1.43 points down on Tuesday's close. The National Index gained 0.46
        89 words
      • Article
        NEW ZEALAND
        143 12 THE New Zealand share market posted its third consecutive gain yesterday, but still ended the week down on where it started after hefty falls in the first two days. Despite the encouraging finish, some brokers say the market is not out of the woods yet. "I don't think
        143 words
      • Article
        SEOUL
        758 12 SEOUL'S stock market closed slightly in thin trading yesterday after fluctuating in a narrow range and brokers said investors were still on the sidelines due to a lack of fresh factors. The composite stock index closed at 636.55, up 1.10 points from Thursday. Turnover remained thin, but rose gradually
        758 words
      • Article
        JAKARTA
        590 12 TRADE was as thin on the Jakarta market as the index rose 1.82 points to close at 404.87. Plastics firm Berlina and sink maker Surya Toto both leapt several hundred rupiah on sales of just 1,000 shares. Pelitizer Japfa rose 650 rupiah to close at 9,900 with 394,500 shares
        590 words
      • Article
        TAIPEI
        401 12 TAIWAN share prices ended sharply higher across the board yesterday after investors returned to the market to buy after reports that four detained pro-in-dependence activists were released on bail. The weighted index rose 228.99 points or 4 per cent to close at 6,018.04 compared with Thursday's 5,789.05 finish. Turnover
        401 words
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  • WORLD STOCK MARKETS
    • Trading slow even as buyers return
      • Article
        Untitled
        202 13 May 16 Close Previous NEW YORK Dow Jones 2.894.01 2.865.38 +28.63 NYSE Financial 148.35 147.12 +1.23 S&P 500 372.19 368.57 3.62 Turnover (million) 154.5 193.1 -38.6 LONDON Financial Times 30 1,938.8 1,926.2 +12.6 FTSE 100 2.471.9 2.459.4 +12.5 Turnover (million) 496.8 423.4 +73.4 AMSTERDAM CBS Tendency Index 93.3 93.5 -0.2
        202 words
      • Article, Illustration
        NEW YORK
        1272 13 BUYERS moved back into the stock market on Thursday to pick up a few bargains, with Wall Street apparently concluding that it had overreacted the day before to the bad news from Compaq Computer. But trading was slow, and some technology stocks gave further ground. The Dow Jones
        1,272 words
      • Article, Illustration
        LONDON
        787 13 SHARES rose on London's Stock Exchange on Thursday, boosted by takeover speculation surrounding Imperial Chemical Industries pic. The Financial Times-Stock Exchange 100-share rose 12.5 points, or 0.6 per cent, to close at 2,471.9. The Financial Times 30-share index closed 12.6 points higher at 1,938.8. The Financial Times 500-share index
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      • Article
        FRANKFURT
        290 13 GERMAN shares were mixed to slightly firmer in quiet pre-weekend trade yesterday. The 30-share DAX index was 3.52 points higher at 1,601.60 at 0845 GMT. Traders said prices could edge higher in the first half of the session, but would probably drift back by the end. "There is nothing
        290 words
      • Article
        ZURICH
        3486 13 SWISS shares opened steady to firmer yesterday in quiet pre-weekend trading which saw no new factors to influence prices, traders said. The SMI index of leading shares rose 4.7 points to 1,659.5 in the first five minutes of trading. Interest rates were little changed, with benchmark three-month Eufranc rates
        3,486 words
      • Article
        JOHANNESBURG
        468 13 JOHANNESBURG gold shares slid back on Thursday afternoon to end the day easier after two-days of sharp gains, dealers said. The JSE all-gold index closed at a preliminary 1151, down slightly from Wednesday's 1161 finish after rising to 1177 in cautious morning trading. Dealers ascribed the slight retreat to
        468 words
      • Article
        AMSTERDAM
        302 13 DUTCH shares started a little lower yesterday, with selling derived from the expiry of May index and options series yesterday afternoon weighing on prices, dealers said. International shares stood better on balance after allowing for Royal Dutch and Aegon being ex-dividend, benefiting from better than expected Unilever first quarter
        302 words
      • Article
        PARIS
        169 13 FRENCH share prices succumbed to profit-taking at midsession yesterday after a bounce in the morning as the market expressed relief that Pierre Beregovoy remained Finance Minister, dealers said. New Prime Minister Edith Cresson, appointed on Wednesday, said she would pursue a reasonable budgetary policy. But the bourse now wants
        169 words
      • Article
        MILAN
        287 13 ITALIAN shares opened firmer yesterday, with speculative buying of Fiat shares on the hope of an unchanged 1990 dividend boosting the market as a whole. "There's heavy buying of Fiat and that is carrying the rest of the market with it," one broker said. "Many people are hoping Fiat
        287 words
      • Article
        TORONTO
        247 13 TORONTO stocks levelled off in late trade on Thursday after an earlier rally as investors moved to the sidelines ahead of the holiday in Canada on Monday, traders said. The downgrading of Ontario's debt rating by Moody's Inevestors Service had little effect on the market. "The market was really
        247 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar finishes firmer in Tokyo on short-covering
      1163 14 REPORTS ASIA Tokyo: The US dollar ended higher against the yen and mark after featureless Tokyo trade yesterday. Dealers finished squaring their positions before the weekend and ahead of the release of US trade data. "We can't move into fresh territory until
      1,163 words
    • Article
      INTERBANK FOREX RATES
      390 14 Cross rates May 17 US$ SS MS Dm Yen SFr AS NZS USS 1.7675 2.7565 1.7025 137.80 0.5734 1.4440 1.2771 1.6920 SS 0.5658 1.5595 0.9632 0.77% 0.3244 0.8170 0.7226 0.9573 MS 0.3628 64.12 0.6176 0.4999 0.2080 0.5239 0.4633 0.6138 Dm 0.5874 1.0382 1.6191 80.94 0.3368 0.8482 0.7502
      390 words
    • Article
      MONEY MARKET
      560 14 Interbank rates S$ Bid Offer Overnight 4 3/4 4 7/8 1-month 5 5 1/8 2-month 5 1/16 5 3/16 3-month 5 1/8 5 1/4 Overnight mode: 4-7/8 LS$ Bid Offer 7 days 5 7/8 6 1 month 5 15/16 6 1/16 2 months 5 15/16 6 1/16 3
      560 words
    • Article
      Lock icon Launch of Belgian futures market may be delayed
      320 14 Reuter BRUSSELS The launch of Belgium's Belfox futures and options exchange might be delayed until September, a senior Belfox source said in an interview. "It certainly will not start before mid-June and it is possible it will only be launched in September
      Reuter  -  320 words
    • Article
      Lock icon Poland devalues currency by 14.4pc
      275 14 Reuter WARSAW Poland devalued its currency, the zloty, by 14.4 per cent after holding its rate fixed at 9,500 to the US dollar for more than 16 months, the official PAP news agency said yesterday. In a move that signalled government concern over a slump
      Reuter  -  275 words
    • Article
      FINANCIAL FUTURES
      1153 14 3IIY1LA EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jun 91 93.89 93.89 93.87 93.88 1800 ***** 505 Sep 91 93.66 93.67 93.64 93.64 6500 ***** 2767 Dec 91 93.19 93.19 93.17 93.17 1200 ***** 856 Mar 92 92.94 92.95 92.93 92.93 151 6660 177 Jun 92
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  • COMMODITIES
    • Article
      Lock icon Inro may intervene to support prices
      398 15 AFP KUALA LUMPUR The International Natural Rubber Organisation (Inro) may have to buy rubber in the next few months to support prices, an official said on Thursday. Aldo Hofmeister, Inro buffer stock manager, said he told a committee in Kuala Lumpur that rubber prices
      AFP  -  398 words
    • Article
      Lock icon Japanese shifting interest from gold to red beans
      386 15 Reuter TOKYO Japan's fidgety speculators, fed up with the excessive stability of gold, are turning their greedy attention to more volatile, if less romantic commodities red beans and rubber. Their interest has been aroused by unexpected snowfalls and forecasts of a cold
      Reuter  -  386 words
    • Article
      KL tin market eases on selling pressure
      834 15 REPORTS THE PRICE of tin fell six sen to M$ 15.49 per kg on the Kuala Lumpur Tin Market yesterday on some selling pressure following the decline on the London Metal Exchange overnight. At the opening level of M$ 15.49 per kg, bids
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  • Article
    PRICES
    1354 15 Rubber May 17 HAS (tot In S cents/kg Noon Close Int I RSS Prompt 144.25/145.25N I44.00/145.00N !nt 1 RSS June 91 146.25/146.75 146.00/146 50 Int I RSS July 148.00/148.50 147.75/148.25 Int 2 RSS OP 142.00/144.OON 142.00/144 00N Int 3 RSS OP I37.50/I39.50N I37.50/139.50N Int 4 RSS OP I33.00/I35.00N 133.00/135.00N
    1,354 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
      651 15 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4912 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Yeo Cheng Hoe of Blk 87 #07-983 Circuit Road, Singapore 1337, have applied for a Retail Liquor Shop licence in respect of premises at MA Lien Seng Trading at Blk 37 Circuit Road #01-407, Singapore
      651 words
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      Page 15 Advertisements Column 3
      282 15 IN THE MATTES OF THE COMPANIES ACT, CAP. M AND IN THE MATTES OE BIMATBANS LOGISTICS PTE LTD. (hi Voluntary IJqaUUUea) At an Extraordinary Oeneral Meeting of Members of BIMATRANS LOGISTICS PTE LTD duly convened and held at Blmantara Building, Ground Floor, Jin Kebon 81rlh, No 17-19 Jakarta ***** on
      282 words
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  • Article, Illustration
    JTC to sell 71,900 sq m plot in Jurong East
    387 16  -  Site is big enough to build 1,000 condominium units By Lee Han Shih TAKING advantage of the increasing demand for private houses and flats, the Jurong Town Corporation has put up for sale a plot of residential land large enough
    387 words
  • Article
    ERM not the way to EMU: economist
    320 16  -  By S N Vasuki THE exchange rate mechanism (ERM) is not a suitable route to achieving European Monetary Union and, as a result, "we will not have a monetary union of Europe at least within our time", according to Sir Alan Walters, eminent
    320 words
  • Article
    Lock icon Increased investment abroad cuts Taiwan's competitive edge
    355 16 AFP TAIPEI Vice-Economic Minister Chiang Ping-kun warned on Thursday that expanded investments in China and South-east Asian countries by local manufacturers had reduced the overseas competitiveness of exportoriented Taiwan. Growing indirect exports to the mainland had also boosted chances of possible economic manipulation
    AFP  -  355 words
  • Article
    Lock icon Nepali Congress heading for simple majority in polls
    304 16 UPI FT KATMANDU The Conservative Nepali Congress was on the verge yesterday of winning a simple majority in last Sunday's General Elections, letting it form Nepal's first free government in 32 years. With results known in 190 of the 205 races for
    UPI; FT  -  304 words
  • Article, Illustration
    Lock icon SIFS renamed LEF as loan ceiling is raised
    320 16  -  By Carolyn Lim THE SMALL Industry Finance Scheme has been extended, after 15 years, to match the growth of local enterprise and to allow more local companies to use the low-cost financing scheme. Local companies with fixed assets of up to $12
    Source: EDB  -  320 words
  • Article
    PSA's group operating surplus rises 17pc
    464 16  -  By Rahita Elias THE PORT of Singapore Authority (PSA) has once again chalked up an impressive set of results, achieving a 17 per cent rise in group operating surplus to $376 million last year. Group operating income also grew by 17 per cent to
    464 words
  • Article
    Lock icon Cresson sets up giant ministry to boost industry
    302 16 AP PARIS Edith Cresson, France's first woman prime minister, took office on Thursday and immediately created a giant Finance Ministry to power French industry with the aim of catching up with Germany and challenging Japan. She has named the former Finance and
    AP  -  302 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      244 16 CHARTPOINT Every Saturday in Business Times JOIN US IN THE BT INVESTMENT RACE CONTEST. WE'li GIVE YOU $100,000 TO START THE BALL ROLLINGYes. The race is on. To pit your money-making skills and instincts against other financially-minded Business Times readers. You will be required to play the market with a
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      Page 16 Advertisements Column 2
      12 16 CHARTPOINT Every Saturday in Business Times A 21st century vision, Pg 2
      12 words
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  • Executive Lifestyle
    • Article, Illustration
      Fishing for freshness
      1110 17  -  The government wants it phased out, the consumers won't do without it. Cassandra How and Jaime Ee sniff out the staving power of the old wet market. Cassandra How and Jaime Ee URBAN professionals may wear their Miyakes and Armanis when they go to work or play,
      1,110 words
    • STRAWS IN THE WIND
      • Article
        Man in stitches
        186 17 A REPORTER recently back from the Middle East met some Gls in Dubai on R&R. He is still recovering from the missiles he got from them. Here are a few whicfi can be printed: What is the difference between Saddam Hussein and yogurt? Yogurt has culture. How
        186 words
    • OPINIONS
      • Article
        Those rules are made for living
        965 18  -  Is Singapore over-regulated? Toh Teck Sun says some rules may be unnecessary, but they do not hurt needlessly either Toh Teck Sun The writer is BT's Assistant Features Editor YOU CANT legislate intelligence and common sense into people, wisecracked the humorist Will Rogers years
        965 words
      • Article
        The conflicts of a functional anarchy
        807 18  -  Nirmal Ghosh finds democracy in India still enmeshed in the struggle between feudalism, casteism and a class-free society Nirmal Ghosh INDIAN ROYALTY are an impoverished but hardy breed. Until 1947 several ruled over feudal states the size of France or Germany, and had wealth
        807 words
      • Article
        No facetiousness was intended
        310 18 IN THE weekend edition of EL (April 11/12) under the "Don't Quote Me!" column, the heading "Hare Rama Hare Krishna" has no bearing on the article concerned. Not only is the heading in very poor taste, it ridicules the two most important Hindu avatars. Will you,
        310 words
      • Article, Illustration
        Yes, bonus issues badly need some guidelines
        256 18  -  LETTERS TO THE EDITOR John Ang Ann Liat I FULLY endorse your arguments (BT's Bottom Line, May 14) that the Stock Exchange of Singapore should wake up to the reality of the need for clear-cut guidelines on bonus issues and stock splits. Although
        256 words
    • SPORTS
      • Article, Illustration
        Burwash comes back to Singapore
        618 19  -  Peter Burwash tells Nirmal Ghosh about his methods and guiding principles in his vast tennis coaching operation Nirmal Ghosh THE professional tennis management company Peter Burwash International (PBI), which had tied up with the Pan Pacific Hotel until September 1990, is returning to Singapore with
        618 words
      • SIDE LINES
        • Article
          Lock icon Bruguera reaches last eight in Italian Open
          82 19 AP FIFTH SEED Sergi Bruguera waltzed into the quarterfinals of the Italian Open in Rome on Thursday with a 6-1, 6-2 one-hour win over Argentine qualifier Christian Miniussi. He was to meet Frenchman Fabrice Santoro yesterday. Santoro reached the quarterfinals with a 6-4,
          AP  -  82 words
        • Article
          Lock icon Ferrari race director sacked
          87 19 AFP CESARE FIORIO has been sacked as the Ferrari Formula One race director following the prestigious team's disastrous start to the 1991 world championship. The season has been dominated by Ferrari's British rivals McLaren Honda. McLaren's number one driver, Brazilian world champion Ayrton Senna, has won
          AFP  -  87 words
        • Article
          Lock icon Dope tests for Lewis, Johnson
          94 19 Reuter SPRINTERS Carl Lewis and Ben Johnson will be tested for banned substances before and after their 100 metres race on July 1, their first meeting since Johnson failed a dope test at the 1988 Olympics, Lewis' business manager said in New York on Thursday.
          Reuter  -  94 words
        • Article
          Lock icon Everybody's waiting for this one
          101 19 AP IT'S THE FIGHT everyone wants to see, according to Don King. For once, the master of hyperbole is right. Nothing concrete has been set for a bout between heavyweight champion Evander Holyfield and Mike Tyson, the former champion and top-rated challenger. But both sides
          AP  -  101 words
        • Article
          Lock icon Pavin leads at the Memorial
          144 19 AP COREY PAVIN, who says he's seeking "mistake-free golf," came closer to that elusive goal than anyone else on Thursday in the first round of the Memorial tournament in Dublin, Ohio. Pavin, who scored his second victory of the season in a playoff at Atlanta
          AP  -  144 words
      • Article, Illustration
        Lock icon Refreshed Norman returns to the links at Memorial
        648 19 NYT FOR THE last decade, no golfer has chased wealth and glory more fervently than Greg Norman. But while the millions have mounted, the major championships have not and Norman has increasingly seemed a Faustian figure destined to achieve everything but the
        NYT  -  648 words
    • EPICURE
      • Article
        California Combo
        591 20  -  Quek Swee Peng on what's playing at New Orleans Quek Swee Peng YOU KNOW you're on to a good thing when the crowds start packing in, even on the usually quiet day of the week and, more gratifying, on the day after the excitement of Mother's Day. The
        591 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Ted and Jane: a match made in heaven?
        1197 21  -  Apart from the fact that both are multi-millionaires, Ted Turner and Jane Fonda do not seem to have very much in common. So what makes their relationship tick? Carla Hall offers some answers. Carla Hall IHT THEY went together to Tiffany's in
        IHT  -  1,197 words
      • Article, Illustration
        An evening with a voluptuous burgundy
        811 21  -  By N K YONG WINE ONCE in a while, one comes across a great bottle of wine, and what glorious pleasure this is. Last week, I opened a bottle of Richebourg 1971, Domaine de la Romanee-Conti (DRC), to drink at a farewell dinner for
        811 words
      • Article, Illustration
        Kerri Shuman wins Epson best played hand prize
        435 21  -  By Sybil Holloway BRIDGE THE FIRST PRIZE in the 1990 Epson for best played hand went to Kerri Shuman of the United States. She is also the holder of two world titles: the 1989 Venice Cup, and the 1990 World Womens Pairs.
        435 words
    • PURSUITS 1
      • Article, Illustration
        Midnight magic
        565 22  -  While the world snores, Thang Kiang How paints in peace, writes Cassandra How Cassandra How TO THE HOWLS of the hungry stray dogs and the luminous' blue of the midnight sky, Thang Kiang How conjures up magical pieces with his air brush in one hand and a cup
        565 words
      • Article, Illustration
        No diving required
        182 22  -  Underwater World Singapore By Jennifer Lien Isank gentlv to the sand, I breathed as if I were on land, There was a faint whistle when I inhaled, And light rippling sound of hubbies when I breathed out, I reached the bottom of the state of transport... To
        182 words
      • Article, Illustration
        Etchings of intensity and imagination
        295 22 CELEBRATED British artist David Hockney needs no introduction. Mention Hockney and what comes straight to mind are his works in the early 60s. Highly characterised by graffiti, Hockney's rebellious streak saw him painting his own lifestyle. His works, now on exhibition at the British Council,
        295 words
      • Article, Illustration
        Love's Stretchmarks
        534 23 A doublebill by Aeksense STRETCHMARKS emotional ones especially show how much mileage life has put on you. In a play put up by Aeksense the first of a doublebill the stretchmarks are those of a woman whose husband has left her. Without her knowing why. How could Mr
        534 words
      • Article, Illustration
        Amazing Armatrading
        591 23  -  CD Review By RINGO LIEW JOAN ARMATRADING: The Very Best of Joan Armatrading When Tracy Chapman first broke into the headlines, the American singer was often compared with British singer-songwriter Joan Armatrading. Apart from being a backhanded compliment to Armatrading, any comparison is rather facile. Other than being
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    • PERSONAL FINANCE & INVESTMENT 1
      • Article, Illustration
        Is an oversupply of property likely soon?
        924 24  -  Developers, quick to recognise a sellers' market, are accelerating their projects to cash in on the demand. Loretta McLaughlan assesses the surge of activity in the residential property market while Teh Hooi Ling reports on the housing loan scene. Loretta McLaughlan, Ten Hooi
        924 words
      • DON'T QUOTE ME!
        • Article
          Looking forward to the benefits of a home stay
          109 24  -  Compiled by Lee Han Shih PLEASURE BOAT maker Grand Bank Holdings, commenting on its new yard in Johor's Pasir Gudang, said it chose the location over Batam and Thailand because of its proximity to Singapore. This is certainly true, but there
          109 words
        • Article
          Dinner chat or business talk?
          141 24 A GRAND dinner hosted by the Saudi oil people was held at the Marina Mandarin on Wednesday. At the main table sat a man with a familiar lop-sided grin. He was none other than the prince of a thousand deals, Ong Beng Seng hotelier, budding
          141 words
        • Article
          What was that, again?
          63 24 THERE has been much talk in recent weeks that City Developments is about to purchase some assets from DBS Land. As it turned out, CityDev is buying Delfi Orchard from the Japanese company Yamasin, and not Adelphi, which is owned by DBS Land. Which goes to
          63 words
      • Article, Illustration
        STII more likely to head downwards in short term
        466 24  -  CHART By Goh Hiang Fong The writer is Head oj Research at Lum Chang Securities Pte Ltd. THE Straits Times Industrials Index is now poised at the 50-day Simple Moving Average (see Chart A). A study of the STII over the
        466 words
      • Article, Illustration
        Where the customer is no longer king
        820 24 RIDING on the current surge of enthusiasm for residential properties, applications for housing loans are coming in thick and fast to the loan departments of banks and finance companies. But this time, institutions have no plans to engage in a round of bitter
        820 words
      • Article, Illustration
        Think Thailand if you're planning to move funds
        660 25  -  Chew Eng Han presents the case for buying Thai stocks Chew Eng Han THE Thai stockmarket is set to rise by 40 per cent by the end of this year, according to the research manager of Capital Securities, Thailand. Dr Tommy AnantJftothai
        660 words
      • Article
        Fundamentals point to strong Singapore dollar
        394 25 THE Singapore dollar will strengthen further as long as the economy continues to enjoy strong growth and low inflation, says a study by OUB's economic research department. The report presents four factors that have led to the continuing rise of the dollar: Singapore's improving
        394 words
      • Article
        Taiwanese barriers in the path of making money
        744 25  -  By Quak Hiang Whai IN RECENT years, the Taiwanese capital market has stolen some of the thunder from the Japanese with some of the world's most spectacular growth rates, both in terms of prices and size. But these growth rates have been
        744 words
    • JOBS
      • Article, Illustration
        Spinning up a communication model
        1129 26  -  Harish Mehta talks to Geneva-based management expert Christian Cloche, who has developed a model that makes for better communication between executives in different departments Harish Mehta CHRISTIAN Cloche is a raconteur. It is not difficult to arrive at that conclusion within minutes of talking to
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      • Article, Illustration
        EXECUTIVES MOVES
        425 26 Mr Wan Fook Kong has been appointed as the Property Manager and Mr Peter Dettman the Architectural Works Manager of Suntec City Development Pte Ltd. Mr Wan will be responsible for the marketing and leasing of office space at Suntec City and other real estate matters. He brings
        425 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1091 27 City Flight ETA Flight ETD Adoiaide QF081 2000 SQ227 2200 QF082 2200 Amsterdam KL838 2115 SQ23 1345 KL837 1415 SQ24 2200 Auckland NZ21 1820 NZ22 1930 SQ338 2030 BA12 2155 Bandar Sen BI421 1105 SQ182 0915 Btgawan SQ181 1410 BI422 1205 i BI429 2030 BI430 2125
      1,091 words
    • THE TRAVEL PAGE
      • Article, Illustration
        Birthplace of gongfu still flourishing
        636 27  -  LETTER FROM SHAOLIN By Janet Snyder Emperors of china could call on the battling monks of Shaolin for protection. Today's graduates from the home of gongfu often become cops. This mountain fastness in China's eastern Henan province was founded in 496 AD and rose to
        636 words
      • Article
        MONEY CHANGER RATES
        152 27 As at 3pm yesterday: Ix)cal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.375 1.395 Canadian dollar 1.525 1.545 NZ dollar 1.035 1.0700 Sterling pound 3.065 3.085 US dollar 1.7650 1.7750 Local dollars to 100 units of foreign cmrrency Austrian schilling 14.50 15.50
        152 words
      • Article
        BA's half-price offer for spouses
        62 27 TRAVEL SLICES IF YOU'VE always dreaded long, lonely business trips, why not consider this: bring your spouse and pay half the price. British Airways has a special spouse fare offer for long-haul flights to London, Australia and New Zealand, at only half the price of
        62 words
      • Article
        Special packages Down Under
        58 27 FROM April 1 to Sept 30, travellers may choose from one of four special packages at Holiday Inn Menzies, Sydney. This includes a Race Day Spectacular, which will include entry to the Australian Jockey Club Randwick Racecourse, and various overnight and deluxe packages. Requests must be
        58 words
      • Article
        New attractions at Ocean Park
        63 27 SEVERAL new attractions will be added to Hongkong's famed Ocean Park, including a Japanese Garden and a 70-metre Sky Tower which will provide a bird's-eye view of Hongkong's south side and offshore islands. Ocean Park will also merge with the "Middle Kingdom" and the Park's
        63 words
      • Article
        Introduction to HK pleasures
        71 27 ENOUGH about Hongkong being just a food and shopping paradise. It has many other attractions, and they can all be found in the latest Hongkong "dish" to hit your tastebuds: Hongkong a la carte. The booklet introduces visitors to the vast array of choices available in
        71 words
      • Article
        More people staying at the Inn
        88 27 THE NUMBER of roomnights booked into Holiday Inn Hotels in the Asia-Pacific region increased by 11 per cent this year, thanks to the unique Holiday Inn Travel Agent's Commission programme. In all, more than U*****,000 (S$ 1.35 billion) was paid to travel agents in
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      • Article
        WORLD TRADE EXHIBITIONS
        173 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel May 21-25 Medicine Zagreb. Zagrebacki (38)*****666 June 5-11 International Beijing China *****2750 Technology Yugoslavia Velesajam Medical International International Instrument Exhibition Exhibition of Equipment Centre Medical, Exhibition Pharmaceutical Laboratory j une 9.15 Poznan Poznan. Foire *****1221 Equipment International
        173 words
    • TIME OFF
      • Article
        THEATRE
        134 28 This Cord And Others This comedy revolves round three men from different worlds bound by shared experiences, music and laughter. Differences don't seem to matter till the three friends are caught in a series of bizarre situations. Drama Centre. May 23-26 at Bpm. Stretchmarks and Good Day A doublebill.
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      • Article, Illustration
        EXHIBITIONS
        277 28  -  Compiled by K Jayanti Arts-Landscape-Architec-ture This exhibition, on an Asian tour, brings together the works of leading German contemporary artists and architects. Sculptures, original graphics and drawings will be exhibited. National Museum Art Gallery. May 9-26, 9am--5.30pm. Abstracts Polymorphous Exhibition of paintings and wall sculptures bytt r ee Modern
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    • Article
      CINEMA
      805 28 Fist Of Fury 1991 Notice the '1991' in the movie title as this is a totally different Fist-Of-Fury from its predecessor. Comedian Stephen Chow proves his versatility in this mad escapade. Watch out too for the kung-fu antics in what promises to be a box-office hit. Bedok 2: 1.30;
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      170 17 iBmBHHHHHMBMHHHHHHI ;-s. vm -y'&'-M'i ■■H r- 3 BURBERRY LOOK ft in, »1 f< l,r, i m Mll 1 jBH A KZ f Ji Available Exclusively SINGAPORE: BurbcrrvA Main Shop: 390 Orchard Road #B1 01 02 Palais Kfii.ii-s.irH e Sh. "pping Arcade. Singapore 0923 Tel ~33~113 Burfoerrys Shop-In-Shop DAIMARU DFS Orchard
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      80 18 I i I WKm'' 4 *ir M -<: mi 33». HflKnP%-W?cni IHP3HPP&r»' ®§#j y jS —*|"gg|^j|j£gß«*w^^^jg^jggj^>j^g"^^^^j Ifot' "*V* -> v- ~-^W» p*;; j-^g ifr/ftitirMh a* 9 VjH m I I j w ifj 11 s i 3IV CTm ni' 311 V^H '^Srnjf AMLAfilf AF C K TANG DAIMAfIU GALERIES LAfWETTE
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      26 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.
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      83 18 1 s m v\ mm i r PJM^ The job is not finished until the flush chain is pulled. DOONESBURY BY GARRY TRUDEAU y^If^THOUGHT IV ITS A TVMOVIS CALLED NQOFFENSE, SOI KNOCK, (v 4 PROP BY A NEW WHATS "TIME BOMB" IT'S ABOUT THIS MAN. 60TTA PLAY KNOCK' HI, SIP!
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      468 19 J SUNDAY JUNE 16 7:30 A.M. MM M National Stadium West Entrance I j Send your entry to: W?W* l The New Paper Big Walk '91 MA 1 AIM I I# Mli Locked Bag 10, Post Office, %FMi Men's Women's Men's Women's Men Women Busmen I Junior Junior Open Open
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      180 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 DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00 PM TO 2.00 AM. Ic ING'
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      315 20 THE ITALIAN MAESTFO RETURNS 10th May 23rd May Pete's Place is once again delighted to welcome Chef Vincent Pecoraro. Inspired by the success of previous visits, the Famous Italian Chef from Donatello's Restaurant in Waikoloa, Hawaii will concoct new, tantalising temptations. For the two week crusade, Chef Pecoraro's favourites and
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      257 20 The Ist Jigsaw Puzzle Competition 26 May-30June It's a giant battle of wits. A real brain-teaser! Five consecutive Sundays of fun jointly organized by Plaza Hotel and The Puzzle Shop. Join in the children's Individual Event (up to 11 yrs) or the Team Event (open to all). For just $12
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      327 20 1 VIVA ESPANA Jm The Belvedere brings you the savoury taste of H sunny Spain. With over 60 traditional H favourites, you'll say "Ole" to the most H BH extravagant buffet in town! H I We serve the world to you at The Belvedere. H r ktWtnfcairfcafcnn m Orchard Road
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  • Page 20 Miscellaneous
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      188 21 AND ENTERTAIN Brunch Is A Family Affair Every Sunday. Sunday J BRUNCH: 11AM TO 2.30PM. ffy j™i aduus CHILDREN s ~SSa» 519.00 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. Ak ANA HOTEL
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      37 21 SUNDAY i FAMILY 1 BRUNCH IS $13+ H (S7* for children under 12) TEFX)FF CAFF; P&3 MARINA BAY GOLF COUNTRY CLUB KM 6 MARINA CREF-N SINCAPORF. 0101 FOR RKSKRVATIONS PI -F.ASF CAI .1. 221 2811/322 4221 MtaH
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      160 23 BUILT ON STRONG FOUNDATIONS J f Wff V Private Portfolio Management London is the world's centre for international SERVICES FOR OUR PRIVATE investment management. Based in the CL lENTS INCLUDE heart of the City of London, with its J Global Equitv Investment powerful resources, Warburg Asset .r. Global Fixed Interest
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      40 23 l The art of writing. MONT" BLANC Available at Cortina Watch Centre Pte Ltd #02 15.17 Funan Centre Nanking Watch Jewellery #01 20 Lucky Piaza Thong Hiap Pte Ltd #01 -01 Plaza by the Park Offenbach #01 29 30 Paragon
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      9 25 is hiswe will help you make it even better.
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      453 25 EXPRESS SHARE LOAN The MUitet way of turning shares into ocuh the PoJfits FREEGBFTS* Quick and Easy. Get instant cash for your shares over the counter at any of our 28 branches zbo^R^Mirvsoppd) 6 1 i Solar CJcuteor Loans from $2,000 to $50,000 1 Sot* flemy Martn X 0 (set)
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      317 26 i 1 AKE THE LEAD AND GET THE RECOGNITION rnMDin If management your forte and running a sen/ice fl HM second nature to you. here's the challenge you've been m waiting for managing a service for Compaq. If you can meet the challenges, you'll be recognised as a key r*
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      Page 26 Advertisements Column 2
      173 26 DHL IN THE NEWS Advertisement DHL REMAINS NO. 1 AIR EXPRESS COMPANY For the fifth year in a Cargonews Asia, who are award has been given to ten row, DHL Worldwide Express users of transport services cargo agents of the airline and has been voted the Best such as shippers
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      43 27 Bud, youH be a lot wiser when you learn about Finnair's New York route. A superb twice-weekly service from Singapore direct to Helsinki and a daily connection non-stop to the Big Apple. Call *****77 for details. We know Europe from start to Finnish.
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      99 27 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, f" profiles of leading managers in Singapore and 1 relevant book reviews. ft I 5) ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the J competitive
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  • Page 27 Miscellaneous
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      270 27 9 Slightly away flfl |h| ||H fIV from the middle (3-6) j^~ an excuse (5) ■■r Two weights produce a measure of explosive force 11 I I I I 12 Cupid roamin' round ac--14 On returning I take part in """■J 17 A doctor involved in most 19 I I
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      169 27 World forecast Asia-Pacific Hi/li)* C'ond. Auckland 17/12 Showers Bangkok 35/24 Showers Beijing 26/15 Cloudy Brunei 33/24 Showers Hongkong 27/22 Sunny Jakarta 33/24 Fair Kuala Lumpur 32/24 Showers Manila 35/26 Fair Melbourne 17/08 Cloudy Perth 21/13 Cloudy Seoul 18/14 Fair Sydney 24/13 Sunny Taipei 28/21 Cloudy Tokyo 24/17 Cloudy Wellington 19/12
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      44 27 T HeR£ ftVfc.Two.VE. MONTHS w T TT»I iiffrf RS i MANV MEN S/ty n 1 BUT I* AILTHE. YEA*; I S upan Jswont! 16 TWe. MCR.RV month or ,sSy\r' I c£> n SWCAT! II .11 1 STRAIN? 4(JO C EVENING STANDARD CO. LTD.. 19M-IWI
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      1828 28 TODAY'S TV I m 2.00 Drama Pilihan. k 3.00 Riang Ria Bersama Anda. 4.00 Mutiara Budi. Andy Hardy's Double Life, Travel Travel, 12.20pm, SBC 5 430 Angkasapuri's Youth Club 5.25pm, SBC 12 It's all about the unforgetta- f S (L). Mickey Rooney stars as e of AW- I'' ST* JUS"*
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      545 28 The Drug Wars: Camarena to unfold even till today as (Parts 1 2), Tue, 9.30pm, new leads surface. CROC Starlings, Wed, 10.30pm, This three-part mini-series is $BCI2 based on the intense true-life saga that exposes the story of IS atter_ d a y Pygmaa United States drug agent, lion", a
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