The Business Times, 8 June 1991
1991-06-08
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The Business Times
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Title Section11 1991-06-08 1 Business Times MCI (P) 16/12/90 Weekend Edition, June 8-9 1991 75*11 words
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NEWS & MARKETS SUMMARY
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Article34 1991-06-08 1 THE New York stock market declined broadly yesterday morning as long-term interest rates climbed again. The Dow Jones average of 30 industrials dropped 8.28 to 2,986.58 in the first hour of trading.34 words
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Article42 1991-06-08 1 LONDON shares were slightly lower at midday yesterday as a lack of investor interest kept shares in a tight range. At 12:15 pm (1115 GMT), the Financial Times-Stock Exchange 100-share index fell 1.6 points, or 0.06 per cent, to 2,523.7.42 words
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51 1991-06-08 1 MANILA South-east Asian nations agreed yesterday to consider forming a security consultative body to deal with issues as diverse as international terrorism and pollution. "There was discussion on the desirability of creating a consultative committee (on security)," former Indonesian Foreign Minister Mochtar Kusumaatmadja51 words
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Article48 1991-06-08 1 THE MINISTRY of Communications, in response to PM Goh's suggestion that nontransferable COEs could be tried out simultaneously with transferable COEs, has enlisted the help of the Government Parliamentary Committee for Communications to find if the public really wants COEs to be non-transferable Page 248 words
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Article31 1991-06-08 1 MEGA FIRST Corp Bhd did not act in concert with any party in its recent acquisitions of shares in Palmco Bhd, says MD Datuk Lim Keng Kay Page 331 words
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Article21 1991-06-08 1 FOLLOWING the privatisation of the Jakarta Stock Exchange, the JSE could go scripless like the Singapore bourse Page 421 words
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Article, Illustration29 1991-06-08 1 Friday Change BT-MGA 747.94 -2.09 Kuala Lumpur ...620.40 -3.33 Tokyo 25.035.11 +50.99 Hongkong 3,637.77 -40.42 Sydney 1,477.5 -18.1 Thursday Change New York 2,994.86 -10.51 London 2,525.3 +3.829 words
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Article22 1991-06-08 1 Exchange rates USS SS 1.7760 100 Yen SS 1.2727 MS SS 0.6409 Money market rates Overnight 5-1/8 +1/8 3-month 5-9/16% +1/1622 words
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Article38 1991-06-08 1 London Gokl AM fix USS365.80 +USS2.40 Rubber S'pore July l47.75*/kg unch M'sia July 230.50«/kg +0.50 KL Tin Turnover 71 tonnes 1 Spot MS 15 .54/kg -0.02 Crude palm oil Turnover 506 lots -486 June MS769 /tonne -538 words
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Article619 1991-06-08 1 Magdalene Ng - SES gets tough rejects rights/ bonus issues; curbs directors' dealings Ministry sees no insider trading case in Oei/Lee sales to Liem By Magdalene Ng UNITED Industrial Corp has joined a growing list of companies whose proposed rights and bonus issues have been rejected by the Stock Exchange619 words
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744 1991-06-08 1 S N Vasuki - Rules aimed at bolstering investor confidence By S N Vasuki DIRECTORS of listed companies will not be able to deal in their company's shares for at least seven to eight months in a year under new Stock Exchange of Singapore rules, which take744 words
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134 1991-06-08 1 THE Stock Exchange of Singapore Limited (SES) has rejected Fuji Offset's proposed one-for-two bonus issue. Fuji Offset Plates Manufacturing Ltd announced plans in April this year for the bonus issue of one new ordinary share for every two existing shares held. The bonus issue134 words
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103 1991-06-08 1 ONE MONTH after investigations into Amcol Holdings* boss Kang Hwi VVah started, the local stock exchange decided to defer its decision on the listed company's proposed one-for-three bonus issue. In a brief single-paragraph statement yesterday, Amcol said the exchange was holding back its103 words
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337 1991-06-08 1 Lilian Ang - By Lilian Ang THE Stock Exchange of Singapore (SES) has rejected Eu Yan Sang Holdings' proposed rights issue, in the second such incident in as many days. No reasons were given. But analysts say the SES's decision is a sign337 words
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Page 1 Advertisements
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Advertisement116 1991-06-08 1 Nikon In# wono sriniw prwiogrepnic oyswm. Forbidden fruit that's Wjgu \J% JFj not so sweet. Aircraft Schedule EL 11 Commodities Company News 4 Cryptic Crossword EL 11 Financial News 5 Futures Options U Gold Prices M Home News 2 HK Tokyo Stocks interbank Forex Rates M KLSE 10 Money Changer116 words
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Advertisement19 1991-06-08 1 OPINIONS The Bird Park should spread its wings. EL 2 Hock Lock Siew: Hit and tell, please, Pg 319 words
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Advertisement20 1991-06-08 1 PURSUITS Travel Tread with care. EL 6 Singaporeans take to gourmet coffee. EL 7 Investing publicwelcomes SKS move, Pg 320 words
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Advertisement269 1991-06-08 1 PURSUITS encounter with nudity. >< 7 HISTORY IN TIME BEffi Seuton. automatic in I Set gold or gold/steel Planetarium Copernicus, individually numbered Itandmade in IS ct f(old MicMannelo. automatic in Ifi ct f(old or ffold/steel Planetarium Copernicus The Planetarium by Ulysse Nardin combines with a pure The Planetarium indicates: stroke269 words
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Advertisement14 1991-06-08 1 Nikon ThittWßnm PhrtoypNc tyfcm. FINANCE BTs Investment Race readers' contest the winners. EL 814 words
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Advertisement8 1991-06-08 1 JOBS The image-maker behind the stores. EL 108 words
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HOME NEWS
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NEWS ROUNDUP
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94 1991-06-08 2 1 HE Housing and Development Board will be extending the tully automated parking system to Hong Lim Multi-Storey Car Park from Monday. The HDB said there will be no change in the parking charges, which are 80 cents for every half an hour from 7am94 words
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Article55 1991-06-08 2 I HE giant mobile Safra Swing Hotline telephone booth will be at the Far East Plaza today from 2pm to 4pm to gather public feedback and suggestions for Swing Singapore '91. This will be the last in the series of promotions for the Safra Swing Hotline, according55 words
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Article67 1991-06-08 2 1 HE Ministry of Labour yesterday said five employers were fined a total of $129,600 in a magistrate court on June 3 for employing 18 foreign labourers without work permits. The highest fines were paid by Nissei Engineering Co Pte Ltd and Lee Seek Son.67 words
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Article70 1991-06-08 2 THE Cranfield School of Management and KPMG Peat Marwick Management Consultants will hold a graduation ceremony in Singapore for 17 of the 18 graduates who successfully completed the 1989-90 Masters in Business Administration offered in Singapore. The programme is conducted by the UK-based Cranfield School with KPMG70 words
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Article68 1991-06-08 2 THE Review Committee on National Health Policies has extended the deadline from May 31 to June 30 for the public to submit their views on health care matters. The Ministry of Health said in a press release yesterday that the public can write to The Secretariat, Review68 words
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Article57 1991-06-08 2 SBC will extend the "live" telecast of CNN international news on Channel 12 until the subscription television channel commences transmission early next year. SBC said in a press release yesterday that, starting from June 10, the telecast times will be from 7am to Bam and57 words
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Article, Illustration483 1991-06-08 2 Selva Kumar - Communications Ministry responds to PM's suggestion By Selva Kumar THE Ministry of Communications has enlisted the help of the Government Parliamentary Committee (GPC) for Communications to find if the public really want Certificates of Entitlement (COEs) to be non-transfer-able. The Ministry was responding483 words
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329 1991-06-08 2 Elaine Koh - By Elaine Koh LINKLATERS Paines. the second largest law firm in the UK. plans to set up an offshore office in Singapore, and legal circles say that another established UK firm, Herbert Smith, could follow suit. A spokesman from329 words
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121 1991-06-08 2 OBSTACLES preventing keen workers from upgrading themselves must be removed, says NTUC secretary-general Ong Teng Cheong. Speaking at the 25th anniversary dinner dance of the Air-Transport Executive Staff Union yesterday, Mr Ong said: "We must double our efforts to encourage our workers121 words
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SHIPS IN PORT
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Article539 1991-06-08 2 Veael toy N» Berth Arm* OqurtMrt Voy Wo Berth km* Dgrtw KeppeJ Wharves Jodan 3 306A91 M4B 0806/1500 08 06/2359 Isla Florean 2208E CIO 0706/2300 Tarsis Jaya T01 M5A 08 06/0900 08 06/2300 Kota Eagle 10/91 K30 alongside 08 06/1800 Tch« Hoe 09/91 M3B 0806/0800 0906/0800 Pioneer539 words
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Article879 1991-06-08 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO S* Voy No Etb/Btr Record Period Bootanj/Balanc From To Rstts From Aka Bhum 49/N 10/1200 2 4 07/1700 08/1200 08/0659 08/1459 08/0900 08/1700 Al W^bd 59 09/1030 2 3 07/1700 08/0700 9 9 08/0900 08/1400 Mtod 904 10/1400 3 4879 words
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Article252 1991-06-08 2 Penang Port Berth in Butterworth on June 8: 1: Primorie; 2: Lu Yun; 3: Vietba 01. Seng Hing, 4: nil; 5: Maersk Pinto; 6: Aka Bhum Penang Wharf: NB Kentonvale Star; CB nil; SB nil BCT: Bl Tarakan, BK; Bunga Kekwa; l/B: ml VOTF: Commander Grut Due252 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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464 1991-06-08 3 Magdalene Ng - Reactions to exchange's restrictions on directors By Magdalene Ng THE investing public welcomes the stock exchange's latest move to regulate share trading, saying that the guidelines are long overdue. A director with a listed group said: "There are too many people trading too often in464 words
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Article, Illustration157 1991-06-08 3 INNO-PACIFIC Holdings Ltd has appointed Dato Dr Mokhzani bin Abdul Rahim chairman following the retirement of former executive chairman Herman Hochstadt from the board. Dr Mokhzani was already on the Inno-Pac board as a director. He is also a director of Sabah Bank Bhd and UMW157 words
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334 1991-06-08 3 Salil Tripathi - By Salil Tripathi BONVESTS Holdings Limited is increasing its interests abroad in hotel projects. It has formed a company called Henrick International Hotels and Resorts Pte Ltd. in which Bonvests holds 75 per cent equity. Its first project will be in Tunisia, according334 words
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365 1991-06-08 3 MBT KUALA LUMPUR Mega First Corporation's recent move to increase its stake in Palmco Holdings should not be seen as a prelude to take control of the company nor is Mega First acting in concert with any party. Mega First'sMBT - 365 words
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Article681 1991-06-08 3 Amy Balan - THE HOCK LOCK SIEW COLUMN SES must lead the way to proper disclosure of information By Amy Balan THE STOCK Exchange of Singapore has. in two days, probably handed out more lessons about what is expected of listed companies and their directors and managers than it681 words
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233 1991-06-08 3 MALAYSIA Mining Corporation (MMC), in an effort to streamline its operations, has restructured its organisation so as to emerge as a diversified group. Its activities now fall under six divisions mining, exploration, engineering, marketing, manufacturing and investment. MMC chairman Tan Sri Dato Nasruddin233 words
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188 1991-06-08 3 DBS CHARITY DBS Asset Management extended its lead in the DBS Charity Investment Race for another week with an accumulated profit of $101,378 at the end of June 4. Indosuez Asset Management, which held third place last week, overtook Nomura Singapore with an accumulated profit188 words
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COMPANY BRIEFS
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112 1991-06-08 3 KUALA LUMPUR Landmarks Berhad will participate in the Eastern and Oriental Express train serv ice by taking an 18 per cent equity stake in the company operating it. Its subsidiary. Landmarks Hotels and Realty Berhad, entered into a shareholders agreement with Orient112 words
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Article77 1991-06-08 3 IN RESPONSE to BT's "Focus" story on Centurion Industries (BT, June 7) Nat Steel has clarified that Mr Oo Soon Hee, group general manager of Nat Steel, is no longer on the board of Centurion Industries, and Mr Richard Fearon, general manager (corporate development), NatSteel. was appointed in77 words
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Article35 1991-06-08 3 IN ANOTHER development, Nat Steel has given notice regarding one transaction of its shares. Tat Lee Bank has disposed of 25,000 Nat Steel shares, valued at $277,500, on June 7.35 words
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Article75 1991-06-08 3 HOTEL PROPERTIES Limited has said that Mr Thio Gim Hock, who is associated with development of properties within the group, did not say that the company would make a profit of $220 million from a condominium project, as reported by The Straits Times on June 5.75 words
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Article65 1991-06-08 3 KUALA LUMPUR Tanjong Tin Dredging pic has slipped into the red to the tune of £84.304 (*****,220) for the year ended Dec 31, 1990 against a pre-tax profit £151.495 in 1989. In a statement here yesterday, Tanjong Tin said turnover last year shrank to £5,69165 words
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Article103 1991-06-08 3 KUALA LUMPUR Under the scheme of transfer of shares from government agencies. 40 companies had been transferred to Permodalan Nasional Bhd (PNB) at Dec 31. 1990. involving an investment cost of M 5946.95 million (SS6O6 million), chairman Tun Ismail Mohamed Ali said in the 1990103 words
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Page 3 Advertisements
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Advertisement97 1991-06-08 3 i Investors are invited to an Exhibition on New Zealand commercial property For Sale THIS EXHIBITION PRESENTS FOR SALE DFC* NZ UMITED'S (UNDER STATUTORY MANAGEMENT) PROPERTY PORTFOLIO II COMPRISING PRIME C.8.D., COMMERCIAL, INDUSTRIAL RETAIL, TOURISM AND LEISURE RELATED PROPERTIES LOCATED THROUGHOUT NEW ZEALAND. AVERAGE YIELD RANGE BETWEEN 10 AND 14%97 words
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REGIONAL/INTERNATIONAL COMPANY NEWS
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COMPANY BRIEFS
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80 1991-06-08 4 NEW YORK Texas Instruments Inc said yesterday that the climate that hurt its financial results in the first quarter of 1991 has continued in the current quarter, but added that it has seen a gradual improvement in market conditions. "Many of the factors that80 words
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Article64 1991-06-08 4 JAKARTA PT Aneka Tambang, Indonesia's state-owned general mining company, recorded a more than 50 per cent drop in profits last year, press reports said yesterday. The daily Jakarta Post qifoted PT Aneka Tambang president Anton Bruijner as having told a parliamentary commission that company profits64 words
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Article98 1991-06-08 4 DUBLIN Guinness Peat Aviation (GPA), the world's largest aircraft-leasing firm, announced that pre-tax profit had risen 14 per cent over the past financial year despite the recession, higher fuel prices and the Gulf War. GPA, eager to boost confidence in an international airline industry beset with98 words
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Article75 1991-06-08 4 HONGKONG A joint venture between two Hongkonglisted firms, Semi-Tech (Global) Ltd and Grande Holdings Ltd, has acquired 20 per cent of New York-listed Emerson Radio Corp for US$3O million (5552.8 million). Semi-Tech said in a statement that the purchase, completed on June 4, was75 words
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Article68 1991-06-08 4 TAIPEI Taiwan's state-owned China Steel Corp is investing about NTS 15 billion (SS900.000) to build a coldrolled steel mill and an electro-galvanising line. The new facilities will be completed in June 1992, general manager Chen Hsi said. Production will be sold in Taiwan and68 words
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Article58 1991-06-08 4 TOKYO Takeda Chemical Industries Ltd has forecast group net profit of 40 billion yen (*****.000) in the year ending March 31, 1992, down from net profit of 44.49 billion the previous year. Takeda. Japan's largest drug manufacturer, sees group current profit of 76 billion yen58 words
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530 1991-06-08 4 Yang Razali Kassim - From Yang Razali Kassim in JAKARTA THE Jakarta Stock Exchange could go scripless like the Singapore bourse after the JSE has been privatised, says the Indonesian Capital Market Supervisory Board (Bapepam). Bapepam chairman Marzuki Usman told BT that new regulations supporting the revamp530 words
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310 1991-06-08 4 FT AMSTERDAM Philips, the Dutch electronics group, is to sell its remaining 47 per cent stake in a European white goods joint venture to its US partner. Whirlpool Corp. for f11.2 billion ($6lO million). The move widely expected by analysts will bolster theFT - 310 words
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566 1991-06-08 4 Maggie Ford - From Maggie Ford in JAKARTA THE flotation of PT Semen Gresik, the first state owned company to list shares on the Jakarta Stock Exchange, has been almost fully subscribed with approximately 1 million shares out of the 40 million offered left with566 words
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Article, Illustration369 1991-06-08 4 Reuter LOS ANGELES Northrop Corp's B-2 Stealth Bomber will likely survive the recent House Appropriations Committee vote to kill additional B-2 funding, but the future of the warplane and its maker remain uncertain. "Rumours of the B-2's death are greatly exaggerated," said PaineReuter - 369 words
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775 1991-06-08 4 Thai company's arrangement does not violate securities regulations: exchange BANGKOK The proper-ty-for-share swap, introduced by Tanayong Co Ltd for the first time through a "sharemandate" technicality, has been welcomed by the securities industry and found by exchange officials in a preliminary review not to violate securities775 words
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519 1991-06-08 4 AFP WELLINGTON New Zealand's biggest ever share offer of up to NZ$9OO million (about ***** million) will open next Tuesday when Telecom Corp of New Zealand Ltd stock is launched, its American owners announced on Thursday. Illinois-based Ameritech and Georgia-based Bell Atlantic wouldAFP - 519 words
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294 1991-06-08 4 Reuter LONDON Boots, Britain's leading pharmacy chain, on Thursday reported flat annual profits in the 12 months to the end of March, but said it should do better this year. The Boots Co pic group, whose various retail outlets sell everything fromReuter - 294 words
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FINANCIAL NEWS
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406 1991-06-08 5 Selwyn Parker - From Selwyn Parker in AUCKLAND DFC NEW ZEALAND, the government-owned merchant bank which failed with hundreds of millions of Asian dollars, has closed the book on its controversial mass property sale and claimed an outstanding success. "We are going to claim the glory," boasts406 words
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Article, Illustration429 1991-06-08 5 DBS Bank weekly currency review US$/D\l: Bullish triangle pattern AS EXPECTED, the US dollar turned bullish this week, after it rallied last Friday and broke initial resistance of 1.7330 to close at 1.7420. A close aoove the trendline joining the highs of April 29 and429 words
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Article, Illustration576 1991-06-08 5 Reuter ZURICH High global interest rates and world economic prospects are likely to dominate discussion when central bankers from around the world gather in Switzerland this weekend. But bankers and economists said the central bankers, attending the annual meeting of the BankReuter - 576 words
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214 1991-06-08 5 SINGAPORE The Board of Commissioners of Currency (BCCS) will release new Singapore I.ion Gold Coins on July 23. This year, the sale will be launched with the campaign theme. "The Pride of Singapore" and "Ist in the Series". As part of214 words
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263 1991-06-08 5 Shoeb Kagda - By Shoeb Kagda SINGAPORE In a bid to expand its retail business, Malayan Banking Bhd (Maybank), has launched its second Visa card programme with a local clan association. Yesterday, Maybank and the Singapore Chin Kang Huay Kuan announced the Visa card tie-up263 words
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270 1991-06-08 5 Reuter MANAMA. Bahrain Saudi Arabia borrowed US$2.5 billion (554.4 billion) from its domestic banks to help cover Gulf War costs less than a month after securing a US$4.5 billion international credit, bankers in the kingdom said on Thursday. All 12 of the kingdom's commercialReuter - 270 words
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SMALL CHANGE
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89 1991-06-08 5 NEW DELHI India sold 20 tonnes of confiscated gold with a repurchase option, to raise around US$2OO million (SS34O million) in foreign exchange. An official spokesman said yesterday that the State Bank of India (SBI) arranged a gold swap in which India will89 words
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Article68 1991-06-08 5 CHICAGO Citicorp Mortgage Inc and Citibank NA were accused in a class-action lawsuit disclosed on Thursday of making systematic errors in adjustable-rate mortgages that resulted in overcharges to consumers. Consumer Loan Advocates, a Chicago-based loan research firm representing the plaintiffs, said the Citicorp units may have68 words
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Article57 1991-06-08 5 WASHINGTON US and German authorities have acted against two international futures firms for alleged fraudulent schemes in both countries, the Commodity Futures Trading Commission said. The CFTC and the Dusseldorf public prosecutor moved against Frangia International Inc and G&C, which includes two divisions, as well as57 words
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Article42 1991-06-08 5 AACHEN German Aachener und Muenchener Beteili-gungs-AG (AMB) said its insurance units recorded strong growth in the first few months of 1991. It gave no further details. It also said that current earnings at majority-owned Bank fuer Gemeinwirtschaft had improved.42 words
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Article42 1991-06-08 5 OMAHA America First Financial Fund 1988 said it expects to distribute U5517.15 per beneficial unit certificate to investors as part of the Fund's dissolution following the US Federal Deposit Insurance Corp's rejection of the fund's bid for Goldome FSB.42 words
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Page 5 Advertisements
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Advertisement224 1991-06-08 5 SINGAPORE BUSINESS WE'LL DELIVER TO YOUR HOME OR OFFICE AT NO EXTRA COST! Subscribe or renew your subscription now. 5 Sets of FAST TRACK subscriptions to The first 100 subscribers will each receive wontwo FAST TRACK audio tapes worth $65 from Panicker and Dang. The titles are: "You Can Negotiate224 words
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Page 5 Miscellaneous
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Miscellaneous18 1991-06-08 5 Dollar$ Non$en$e I I r 4 <M «gJL 11j. I "Lay off the junk food—also the junk bortds."18 words
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THE REGION
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NOTE BOOK
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66 1991-06-08 6 JAKARTA Corruption cost Indonesia the equivalent of 1J5535.8 million (5560.86 million) in the fiscal year 1990-91 ending March 31. Most of the cases involved manipulating prices for supplies and services for government development projects. In the past fiscal year, 67 corruption cases, which had66 words
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Article76 1991-06-08 6 WASHINGTON Prime Minister Sir Anerood Jugnauth of Mauritius said on Thursday he was seeking US support to set up a fisheries cold storage facility near the US military base on Diego Garcia island. The cold storage facility would be built on an outer atoll "quite76 words
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Article76 1991-06-08 6 m. o TAIPEI Water resources officials here yesterday imposed nationwide water rationing in response to the subtropical island's worst drought in 20 years. The drought has caused losses of at least NTS 1.3 billion (about SsBl million) in crop and marine cultivation. The drought has been76 words
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Article85 1991-06-08 6 NEW YORK A trade group of US and Hongkong-based businesses has urged Washington to extend most favoured nation (MEN) status to China without conditions. Non-re-newal would cause exports from China to decline, Hongkong's gross domestic product to drop, and it would harm US investors in85 words
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Article198 1991-06-08 6 AFP WELLINGTON New Zealand Finance Minister Ruth Richardson yesterday ruled out general tax rises despite growing rebellion in the government's ranks over planned cuts to pensions. Several MPs have called for tax increases instead, but Miss Richardson said such a move could halt theAFP - 198 words
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Article, Illustration631 1991-06-08 6 Many supporters from the younger generation AFP JAKARTA Twenty-one years after the death of Indonesia's founding president Sukarno, his spectre has returned to the world of the living in a country facing general elections next year. This week, a leading Indonesian weekly publishedAFP - 631 words
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578 1991-06-08 6 Kerin seen as less tough AFP SYDNEY Australian financial markets appear to be losing faith in the economic credibility of Prime Minister Bob Hawke's government following the forced resignation of treasurer Paul Keating. Slumping financial markets yesterday prompted reassurance from the government thatAFP - 578 words
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Article460 1991-06-08 6 Extra assistance to help country's economic reform AFP TOKYO Japan's Foreign Minister Taro Nakayama is to announce increased aid to Vietnam to support the country's economic reforms during his visit to Hanoi next week. A senior foreign ministry official said yesterday: "What we intendAFP - 460 words
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Article520 1991-06-08 6 AFP CHUP. Cambodia Millions of tall, slender rubber trees stretch for miles in all directions from this small eastern Cambodian town, crucible of the country's top export commodity. Nationwide output has almost reached pre-civil war levels and there is room to expand beyond the currentAFP - 520 words
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347 1991-06-08 6 NST KUALA LUMPUR Malaysia's plastics manufacturing industry is expected to register a turnover of MS 1 .8 billion (SSl.l billion) this year. This figure, a 20 per cent increase from last year's MS 1.5 billion, is the result of the rising flow of foreignNST - 347 words
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249 1991-06-08 6 NST KUALA LUMPUR The average economic growth rate in Malaysia, Thailand, Indonesia and the Philippines in the coming year is expected to be around 6 per cent. This is higher than the forecast average growth rate of below 5 per cent forNST - 249 words
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Page 6 Advertisements
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Advertisement122 1991-06-08 6 ScalpeL.scissors...sutures._ Business Times Whrthrr you re a Nurgw»n, lawyer, contractor or rt»K>n»*r all the run en I irenh that affect them you need to he kept wHI inf<>r rru-*i to maximise returns on vour rr nrwv Kssential information a« < esstble every business day through llusiness Times In the same122 words
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THE WORLD
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430 1991-06-08 7 Agencies WASHINGTON Spending by US businesses to expand produetion this year is expected to rise by just 3.0 per cent after inflation, the slowest pa<e in five years. The Commerce Department said on Thursday that a survey conducted in April and MayAgencies - 430 words
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Article, Illustration293 1991-06-08 7 Initiatives complement Gatt talks, she argues Reuter LONDON US Trade Representative Carla Hills on Thursday defended US regional trade initiatives, saying they complemented Gatt world trade negotiations. "Our goal is to build bridges, not barriers, to world markets," Ms Hills told Britain's Institute ofReuter - 293 words
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547 1991-06-08 7 Reuter TOKYO Soviet and east European pleas for capital to rebuild their wrecked economies are casting a kinder light on Japan's heavily criticised current account surplus. Economists said on Fridav the demand for capital from that part of the worldReuter - 547 words
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337 1991-06-08 7 Reuter PARIS The French economy is in good shape and growth should resume in the second halt of this year, hut unemployment remains stubbornly high, the OECD says in a report on the country. The Organisation for Economic Cooperation and Development says theReuter - 337 words
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256 1991-06-08 7 FT BRUSSELS The European Community and Japan are almost sure to hold a summit in the Hague immediately after the Group of Seven summit in Ixjndon on July 15-17. Brussels officials said on I hursday that the summit may see the signingFT - 256 words
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WORLD WATCH
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68 1991-06-08 7 BRUSSELS The European Commission wants to renew the rules governing EC steel industry subsidies for a further five years, but with continued special treatment for Greece and the former East Germany. Under the existing aid code which expires at the end of68 words
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Article72 1991-06-08 7 w Brit sh manufacturing investment is set to ioa? y pc rcent in 1991 and to remain at this lower level in 17^ CCOr -i ng l a SUrvey P ublished by the Central Statistical Utlice. The survey of companies' intentions in relation to spending on new72 words
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Article60 1991-06-08 7 CAMBRIDGE. Massachusetts Former Soviet Forcien Minister Eduard Shevardnadze said on Thursday that Western caution about giving his country large amounts of aid was understandable and that appropriate guarantees were needed When we are talking about credits, I think caution is perfectly understandable. Mr Shevardnadze told a60 words
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Article66 1991-06-08 7 CALGARY, Alberta The Canadian government hopes to boost sagging interest in Arctic petroleum exploration bv making its largest northern lease offering ever, including an area that has never before been up for bid. Bids will be accepted tor development on more than seven million hectares ot66 words
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Article55 1991-06-08 7 WARSAW The US and Poland signed contracts worth more than US$5OO million (about SsBBs million) for aircraft communications equipment and construction of a financial' centre, US officials announced on Thursday. The deals signed in conjunction with the visit of Vice-President Dan Quayle, represented the largest55 words
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Article66 1991-06-08 7 BRUSSELS The European Commission wants the US, Japan. South Korea and the Gulf states to contribute more towards international economic aid for Eastern Europe. The Commission also published a table showing an US$Bl7 million shortfall in offers of individual contributions needed to meet66 words
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Article44 1991-06-08 7 BEIJING A Chinese trade mission has placed orders for US goods worth US$l.2 billion during a two-week buying trip there. The delegation, sent to allay US concerns about a burgeoning trade imbalance in China's favour, spent US$2OO million more than expected.44 words
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249 1991-06-08 7 AFP BELGRADE The presidents of the six Yugoslav repuhlies meeting in the southern city of Sarajevo on Thursday moved towards the solution of a festering constitutional crisis by agreeing on a compromise plan for the country's future. Ihe plan, put forward by leaders ofAFP - 249 words
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Article, Illustration60 1991-06-08 7 Reuter picture I .OS AV.KI I s Department of treasury Special Agent (lint Howard addressing the media on I hursday on the arrest of three men and confiscation of US$3O million (about million) in counterfeit money from two separate investigations in southern California. ihe authoritiesReuter picture - 60 words
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504 1991-06-08 7 IHT LONDON In spite of its new moderate look, the Labour Party has not yet convinced the City of London that a Labour government would be sound. As the chances of an electoral victory for the opposition become less remote, theIHT - 504 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4948 1991-06-08 8 Dexter Lee - By Dexter Lee THE Singapore stock market was back in the doldrums yesterday with share prices easing in thin trading. Brokers said most investors retrained from taking positions ahead of the weekend and the release of US jobs data for4,948 words
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Article4050 1991-06-08 9 Main Board DBS Foreign 1460 30 2.1% S1A 200 1380 +20 +-1.5% Chuan Hup Wt 25Vi +14 +1217% Acma 236 HI +4 9% Asia Pacific 1070 +10 0.9% SPH 915 +10 +1.1% UOB Foreign 750 +10 +1.4% Robinson 432 +10 2.4% S Steamship 50* 3004,050 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4244 1991-06-08 10 Bernama SHARE PRICES on the Kuala Lumpur stock market drifted lower yesterday on weak overseas leads but finished otT the day's lows on renewed buying interest, especially for second-liner stocks, in the afternoon. The KLSE Composite Index lost 3.33 points to 620.40 butBernama - 4,244 words
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Page 10 Advertisements
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Advertisement69 1991-06-08 10 Couple in trouble I How did Prince Charles and Princess Di save their marriage? Find out in The New Paper today. l J j A P/ I 9 Affairs why they happen O How to put zip back into a jaded romance U How to be a seducing knight O69 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2255 1991-06-08 11 Reuter, UPI TOKYO stocks were boosted by arbitrageurs and bargain hunters yesterday after a three-day slide, with the Nikkei Average recovering to above 25,000. But with no fresh factors and fears of unwinding ahead of futures expiry on June 13, trade remainedReuter,; UPI - 2,255 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration1971 1991-06-08 11 Reuter HONGKONG stock prices ended weaker yesterday, with the blue-chip Hang Seng Index down 40.42 points to 3,637.77. But fears of a huge sell-off, following China's statement on Thursday that it had the right to review any laws in Hongkong after it resumes controlReuter - 1,971 words
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Page 11 Advertisements
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Advertisement10 1991-06-08 11 Managers must manage. Business Times shows you how every Monday.10 words
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REGIONAL STOCK MARKETS
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Australian market at eight-week low
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Article95 1991-06-08 12 INDICES TURNOVER Close June 7 Previous SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1.477.5 2.298.8 850.8 91 36 1,495.6 2.3348 855.9 1108 -18.1 -360 -5.1 -1944 BANGKOK SF.T Index Turnover (million baht) 820.70 4.130 822.54 3.344 -1.84 >786 JAKARTA Composite Index 395.93 395.63 +0.30 MANILA95 words
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Article798 1991-06-08 12 THE Australian share market slumped to its lowest level in eight weeks yesterday, amid more confusion over the Hawke government's political and economic directions. Brokers said political instability pushed offshore investors into taking profits, while the long weekend combined with high bond yields kept locals on the sidelines. "It798 words
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Article836 1991-06-08 12 MOST Bangkok share prices yesterday finished lower but scattered blue chip rises limited falls, brokers said. The SET Index ended 1.84 points lower at 820.70 on a turnover of 4.13 billion baht. It was the highest turnover in the last six weeks. Bangkok Bank lost six baht to 342.836 words
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Article591 1991-06-08 12 JAKARTA stocks yesterday closed barely changed in half-day trade, with the index edging up 0.30 points to 395.93. Brokers said the market was quiet in the absence of foreign interest. Trafindo fell 150 rupiah to 9,450 after a sharp rise the previous day. White Group 31 -.50 602 Jakarta591 words
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Article162 1991-06-08 12 IN WELLINGTON, the share market yesterday fell to its lowest level since late-April, buckling under the weight of a NZ$445 million rights issue by Carter Holt Harvey. CHH, which reported a 15 per cent fall in annual net profit to NZ5162.73 million, will make a renounceable one-for-three rights162 words
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Article489 1991-06-08 12 PHILIPPINE shares climbed in a surprise second-day advance, powered by a perception of a better market next week. Early bargain-hunting lifted some stocks and influenced the rest of the market to push the Manila Stock Exchange composite index 14.70 points up to a close of 1,157.52. Brokers said raised489 words
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Article481 1991-06-08 12 TAIWAN stocks yesterday rose across the board in light trade. Many individu- al speculators remained absent despite widespread optimism over the economy, dealers said. "The economy is picking up and institutions were buyers today. But individuals were reluctant to trade because of uncertainty about the market's near-term direction," said481 words
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Article709 1991-06-08 12 SEOUL share prices plunged in thin trading yesterday, with the Composite Index of the exchange losing 9.24 points to close at 604.07. Declines overwhelmed advances 588 to 47 among the 676 issues that changed hands. Volume stood at 4.578 million shares valued at 59.235 billion won. Seoul Won C00>709 words
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Article133 1991-06-08 12 BOMBAY share prices on Thursday fell on reports that banks were charging higher interest rates on short-term credit, brokers said. The Economic Times said the state-owned Dena Bank was charging 30 per cent, against the maximum lending rate of 17 per cent, on credit exceeding 200,000 rupees. "Banks are133 words
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Article160 1991-06-08 12 Wellington NZ Cents VotCOO) June 7 Air NZ 150 -5 57 ANZ Banking 445 5 30 Bank Of NZ 75 1 3227 Baycorp 10 Bnerley Inv 113 -6 ***** Carter Holt 152 -23 9665 Cavalier 182 2 59 Ceramco 128 -2 757 Cityrealties 28 unch 271 Corp Inv 92 1160 words
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366 1991-06-08 12 In local currency In S$ In US$ June 5 day year day year day year Index change change change change change change World ...415.0 0.0 15.9 -0.1 12.6 -0.3 103 JEAFE 540.6 -04 15.0 -0.4 8.7 -0.6 6.5 Europe 439.5 -0.2 20.6 -0.4 6.5 -0.6366 words
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WORLD STOCK MARKETS
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US stocks slide for second day running
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Article, Illustration1166 1991-06-08 13 NEW YORK stock prices gave way on Thursday for the second straight day, as trading turned sluggish. Investors appeared increasingly worried that the stock market could be losing ground. Concern also grew that bond market yields, already very strong, could soon begin pulling money out of stocks and1,166 words
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Article, Illustration822 1991-06-08 13 LONDON shares traded slightly weaker, but off their lows, around midday yesterday in a dull and lifeless market ahead of the week-end, dealers said. "It's very quiet and boring and turn- over is extremely low," said one trader. Sentiment was subdued in the wake of a lower finish on822 words
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Article356 1991-06-08 13 IN AMSTERDAM a drift of profit-tak-ing, and a downtrend in other bourses put Dutch shares on the downtrack on Thursday, and they closed weaker in thin volume, dealers said. The CBS General Tendency Index closed 0.2 down at 95.1, having been as low as 95.0. There were no real356 words
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Article204 1991-06-08 13 FRENCH share prices drew back after testing their 1991 high to end little changed on Thursday. The CAC-40 index finished up one point, or 0.05 per cent, to 1,863.92. after hitting a high of 1,877.14, just short of the year's peak of 1,877.87. Volume was 2.5 billion francs. Activity204 words
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Article252 1991-06-08 13 ITALIAN shares fell for the third consecutive session on Thursday, with only two leading industrials Fiat and Olivetti bucking the general trend to make slight gains, brokers said. Brokers said technical factors added to selling pressure. The MIB all-share index ended 0.75 per cent down at 1,187, with the252 words
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Article124 1991-06-08 13 Brussels June 5 Francs FORWARD MARKET Acec 2610 +55 Arbed 4345 55 Astur 1020 4 Hrascan 610 10 Canpac 644 2 Cock 180 +1 De Beers 826 6 thes 8400 Cib-lnno-Bm 1412 +8 Cievaert 7050 40 Cir Bru Iximb 3730 25 Hobok Petro ***** 75 Ryl Dutch 2955 10 Sidro124 words
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Article312 1991-06-08 13 GERMAN shares on Thursday ended a volatile session lower, rising early on reports that a major Japanese brokerage was recommending boosting positions in Germany, and then sliding when the reports appeared to be unfounded. Traders said profit-taking triggered by weak corporate news from construction firm Strabag accelerated the downturn.312 words
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Article372 1991-06-08 13 IN JOHANNESBURG, the stock market posted further gains on Thursday, supported by the combination of a weak financial rand and modest, but persistent, interest in quality shares, dealers said. The foreign investment currency dipped to day's low of around 3.38 per dollar at one stage before recovering partially to372 words
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Article317 1991-06-08 13 TORONTO stocks shot higher in heavy trade on Thursday after gold and cyclical shares ignited a rally, dealers said. Gold futures climbed after breaking resistance levels, and on anticipation that yesterday's US jobs figure would spark inflationary fears, they added. The Composite Index closed up 20.6 to a 1991317 words
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Article317 1991-06-08 13 ZURICH share prices on Thursday ended easier but off the day's lows in subdued trading. The mostly easier trend on other European bourses, and inflation fears, kept investors on the sidelines, dealers said. Yesterday, the city of Zurich's statistics ofTice said consumer price inflation had reached a nine-year high317 words
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Article84 1991-06-08 13 INDICES TURNOVER NEW YORK (lose Previous June 6 Dow Jones NYSE Financial SAP 500 Turnover (million) 2.***** 3,005.37 156.85 157 06 383.63 ***** 168.3 186.6 -10.51 -0.21 -1.46 -18.3 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,974.1 2,525.3 433.9 1.974.8 2.521.5 405 3 -0.7 3.8 28.6 AMSTERDAM CBS Tendency84 words
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Page 13 Advertisements
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Advertisement34 1991-06-08 13 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotlines 740-1839. 740-1840.' On target, chartpoint in BT on Saturday34 words
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CURRENCY, MONEY & FUTURES MARKETS
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1186 1991-06-08 14 REPORTS THE US DOLLAR yesterday ended mostly higher in Singapore on lateafternoon speculative buying but with many dealers sidelined ahead of the release of US data last night. The US currency ran up briefly to a high of about 1.75901,186 words
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Article397 1991-06-08 14 Cross rates June 7 USS SS M$ Dm Yen SFr AS NZS USS I 7745 2.7690 1.7535 139.20 0 5928 1.5025 1.3280 1.7212 SS 0.5635 1.5604 0.9882 0.7844 0.3340 0.8467 0.7484 0.9699 MS 0.3611 64 08 0.6333 0.5027 0.2141 0.5426 0.4796 0.6216 Urn 0.5703 1.0120 1.5791 79.38397 words
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Article537 1991-06-08 14 Interbank rates s$ Bid Offer Overnight 5 1/8 5 1/4 1-month 5 1/4 5 3/8 2-month 5 7/16 5 9/16 3-month 5 9/16 5 11/16 Overnight mode: 5-1/8 t S$ Offer 7 days 5 15/16 6 1/16 1 month 6 6 1/8 2 months 6 1/16 6 3/16537 words
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441 1991-06-08 14 Reuter MADRID Spain's new derivative markets have grown briskly since they were launched a little over a year ago, but officials and analysts say a perceived rivalry between two exchanges could slow further progress. The Meffsa futures market in Barcelona and the Madrid-based optionReuter - 441 words
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180 1991-06-08 14 Reuter CHICAGO The Twin Cities Board of Trade (TCBOT) said it is still negotiating the financing it needs to open its doors late this summer. "What I can't give you is a specific (opening) date. We're still in the fund-raising stage," said John Hefleraan, TCBOT chairman,Reuter - 180 words
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Article1211 1991-06-08 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jun 91 93.79 93.80 93.78 93.79 3UX) ***** U43 Sep 91 93.51 93.52 93.50 93.51 5764 ***** 4846 Dec 91 92.97 92.99 92.96 92.96 3835 ***** 3348 Mar 92 92.78 92.80 92.76 92.77 1864 7774 1108 Jun 921,211 words
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Page 14 Advertisements
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Advertisement7 1991-06-08 14 Innovation Technology in Business Times on Tuesday7 words
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COMMODITIES
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477 1991-06-08 15 Reuter MOSCOW A Soviet exchange began trading standardised grain contracts on Thursday, a significant step in the country's transition to a market economy. Brokers representing state and collective farms offered to sell slightly more than 5,000 tonnes of grain in the first two-hourReuter - 477 words
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Article253 1991-06-08 15 AFP CALCUTTA Indian tea output was down by more than two million kilograms in April, according to the latest official estimates made available here on Thursday. The overall output from the southern and northern tea growing states of India, still the largest tea producing area inAFP - 253 words
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837 1991-06-08 15 REPORTS THE PRICE of tin retreated slightly to close two sen lower at M$ 15.54 per kg on the Kuala Lumpur Tin Market yesterday on higher offerings and light profit-taking activity ahead of the weekend. Dealers said the metal, which rose to837 words
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Article1407 1991-06-08 15 Rubber June? MS (tub In Mh) S cents/kg Noon Close Int I RSS Prompt 147 00/148 OON I46.25/I47.25N Int I RSS July 91 148.50/149 00 :47.75/l48.25 Int I RSS August 150.50/151.00 149.7VI50.25 Int 2 RSS OP 146.00/148.00N 145.50/147 50N Int 3 RSS OP 144 00/146.00N 143 50/I45.50N Int 41,407 words
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Page 15 Advertisements
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Advertisement212 1991-06-08 15 BUSINESS TIMES TBLBPHONB: 730-5771/5772/5773 FAX: 734-4982 I COMPANIES ACT, CAP 50 AND IN THE MATTER OF CREASIA TRADING PTE LTD (MEMBERS VOLUNTARY WINDING UP) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308<2) ot the Companies Act. Cap 50 that the FINAL GENERAL MEETING of the Members ot the212 words
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Advertisement11 1991-06-08 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Article, Illustration361 1991-06-08 16 Kooi Cho Teng - Last major local bank to offer daily rate By Kooi Cho Teng POSBANK, hoping to grab a larger slice of the local savings deposit market, is finally introducing daily interest. From July 1, interest will be computed on the average balance of savings accounts361 words
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Article, Illustration637 1991-06-08 16 PM Goh's interview with Asiaweek IS SENIOR Minister Lee Kuan Yew, remaining at the helm of the People's Action Party and the Government of Singapore Investment Corporation (GIC), still the most powerful man in Singapore? Mr637 words
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Article, Illustration301 1991-06-08 16 Sylvia Wong - By Sylvia Wong ASEAN's first Hamburger University will conduct its first course on Monday. The "university", housed at McDonald's new Singapore headquarters in King Albert Park, is to be a regional training centre for the fast-food chain. It aims to continue the strong tradition of301 words
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352 1991-06-08 16 Rahita Elias - Association hails move, supports efforts to upgrade workforce By Rahita Elias ACCEDING to requests from the marine industry, the Labour Ministry will implement a two-tier foreign worker levy scheme from next month. From July 1, local shipyards will pay $250 per month for352 words
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508 1991-06-08 16 Reuter SINGAPORE'S economy, already hamstrung by a tiny home market and limited workforce, is overheating because of faster than expected growth, economists said. Singapore's Gross Domestic Product (GDP) has risen by an average 9.5 per cent annually since 1987, against an official long-termReuter - 508 words
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225 1991-06-08 16 Bernama KUALA LUMPUR Petronas yesterday signed two joint venture agreements with BP Chemicals of Britain and Idemitsu Petro-chemical Co Ltd of Japan for its ethylene and polyethylene projects costing a total of about US$2.7 billion (554.59 billion). The agreements provide for the incorporation ofBernama - 225 words
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265 1991-06-08 16 Reuter WASHINGTON The US unemployment rate climbed to 6.9 per cent in May from 6.6 per cent in April despite an unexpected increase in the number of jobs, the Labour Department said yesterday. Payrolls outside the farm sector, a figure closely watched forReuter - 265 words
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Article, Illustration56 1991-06-08 16 AP picture MEMPHIS Workers unloading a 2,300 kg, 8.5 m statue of Ramesses the Great near the base of the Great American Pyramid that's under construction. The statue is an exact copy of an ancient Egyptian 'Ramesses*. Ramesses the Great ruled from ancient Memphis in EgyptAP picture - 56 words
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Page 16 Advertisements
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Advertisement6 1991-06-08 16 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement6 1991-06-08 16 CHARTPOINT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1445 1991-06-08 17 Jaime Ee - The day that Singaporeans get to see their first 'restricted' movie on home ground is drawing near. Jaime Ee, whose travel itineraries include watching movies that would never have reached here unscathed, returns from London to say that the movies we've been clamouring1,445 words
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STRAWS IN THE WIND
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Article41 1991-06-08 17 WHEN it comes to her business, one receptionist at Reuter certainly knows it well. When a reporter asked to speak to the person in charge of news wire services, she replied confidently: "But we don't sell wires or electrical products."41 words
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Article118 1991-06-08 17 THIS is a true story: A Dubai-based dealer of Japanese split air-conditioners heard rumours that Iraqis had stolen all aircons in Kuwait. Delighted at the business prospects, he sent his staff to Kuwait to check on the scale of demand. He was chastened by what he heard: apparently,118 words
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Article67 1991-06-08 17 AT a recent Chinese wedding dinner, guests waiting the usual two hours for the first dish made short work of two plates of nuts on the table and asked for more. The waitress refused: "Sorry, each table limited to two." Peanuts are no longer just peanuts, especially67 words
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OPINIONS
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Article, Illustration692 1991-06-08 18 Arthur Lee - Arthur Lee appeals for a reconsideration of the ban on certain breeds of dogs Arthur Lee Arthur Lee is a BT photographer I LOVE dogs and I will always love dogs. This is in spite of the fact that I was badly bitten by692 words
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Article, Illustration817 1991-06-08 18 Hong Lee Tiam - The Jurong Bird Park has done us proud, says Hong Lee Tiam. But there is more it can do for conservation Hong Lee Tiam Hong Lee Tiam is a BT journalist THE Jurong Bird Park is more than just one of the many tourist attractions whichPhoto by Chris Loh - 817 words
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342 1991-06-08 18 Raymond Ong - Raymond Ong for Permanent Secretary (Education) I REFER to Ms Chitra Rajaram's article, "How about examining the 4 A' levels", published in Business Times on June 1. Ms Rajaram, in her article, laments the fact that our "A" level pupils learn342 words
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313 1991-06-08 18 Raymond Kuah Leong Heng - LETTERS TO THE EDITOR Raymond Kuah Leong Heng Vice-President Singapore Institute of Arbitrators I REFER to the article "Singapore well placed to be arbitration centre of the region" which appeared in Shipping Times (May 28). The article says that "Singapore, with its healthy commercial313 words
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152 1991-06-08 18 Veronica Chee - Veronica Chee Public Relations Manager Suntec City Development Pte Ltd I REFER to the snippet "A building by any other name" which appeared in the column "Don't Quote Me!" in BT, Weekend edition, May 25-26. We would like to take the opportunity to inform152 words
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SPORTS
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Article, Illustration689 1991-06-08 19 Nirmal Ghosh - Nirmal Ghosh keeps up with the Big Walkers Nirmal Ghosh NEXT Sunday's Big Walk, like The New Paper, promises something for everyone. At press time, there were 2,700 entries, making it the biggest Big Walk ever. There is the hard core of serious walkers, and they are689 words
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Article437 1991-06-08 19 The French Open AP PARIS What next? After watching Steffi Graf suffer the most ignominious loss of her brilliant pro career, French Open fans are ready for anything in today's Final between top-seeded Monica Seles and Graf-killer Arantxa Sanchez Vicario. Grafs 6-0, 6-2 defeat, coupled withAP - 437 words
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SIDE LINES
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96 1991-06-08 19 PARIS With poise, power and hustle, Andre Agassi outduelled a frustrated Boris Becker in four sets late yesterday to reach the French Open final for a second straight year. Agassi, pursuing his first Grand Slam title, chased down many of" Becker's best shots and made96 words
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Article72 1991-06-08 19 PRAGUE Michael Graf, the 19-year-old brother of German tennis ace Steffi had an inglorious start to rally racing here last weekend, but told Lidova Demokracie he was undeterred and planned to continue his love affair with motor racing. Graf had his debut race at a circuit in west72 words
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Article73 1991-06-08 19 BUENOS AIRES Soccer star Diego Maradona met for an hour on Thursday with the federal judge in charge of the case where he is accused of cocaine possession. Neither Maradona nor his lawyer or Judge Amelia Berraz de Vidal commented afterward, except to say that Italy73 words
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Article57 1991-06-08 19 HARRISON, New York Four golfers led by Paul Azinger fired 66s and eight more were a stroke back at 67 in tight play after the first round of the US$l million (SSI.7 million) Buick Classic on Thursday. Azinger, Brad Bryant, Chris Perry and South Africa's Fulton57 words
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Article69 1991-06-08 19 LOS ANGELES The United States will play Trinidad and Tobago, Guatemala and Costa Rica in the first round of the CONCACAF Gold Cup, the soccer championship of North and Central America and the Caribbean. Mexico, Canada, Jamaica and Honduras were placed in Group A of69 words
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EPICURE
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Article583 1991-06-08 20 Quek Swee Peng - Quek Swee Peng samples Summer Palace's egg tarts Quek Swee Peng Sometimes you know you are on to a good thing. You know it because you know this is no ordinary egg tart. Appearance: As bright as an orange ball of setting sun, with a glowingly glossy glace. The583 words
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LIFESTYLE
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Article, Illustration740 1991-06-08 21 Some were never meant for tea NYT THIS is the week to commune with contemporary teapots at museums in and around New York. A good number of these teapots were never intended to brew chamomile, but they are bound to cause constant comment among viewers. TheyNYT - 740 words
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Article, Illustration495 1991-06-08 21 Sybil Holloway - By Sybil Holloway BRIDGE BRIDGE enthusiasts in Singapore will have just been playing the last rounds in the local heat of the Epson Worldwide Bridge Contest 1991 at presstime. The World Bridge Federation will once again award handsome prizes worldwide for Best495 words
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Article, Illustration733 1991-06-08 21 N K Yong - By N K Yong WINE IN the world of wine, elitism and snobbery sadly are prevalent, and the word "second" or worse still, "seconds", conjures up the image of second-best. The self-professed wine expert or connoisseur wants the best even if they cannot afford it,733 words
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PURSUITS
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Article, Illustration1179 1991-06-08 22 Christopher Edwards - Tour operators and travel agents, who are trying hard to satisfy the growing demand of their clients for adventure, are also expressing the need for care and concern for the environment. Christopher Edwards reports Christopher Edwards MAN's insatiable appetite for travel and his constant desire toPhotos by Christopher Edwards - 1,179 words
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Article, Illustration1279 1991-06-08 23 Nirmal Ghosh - When Sam Haskins* images of nudes appeared on the scene, critics were eloquent in their praises. Yet his nudes are an element in the broader picture; they are not the focus. He discusses his art with Nirmal Ghosh Nirmal Ghosh ONCE in a1,279 words
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Article, Illustration1022 1991-06-08 23 Shoeb Kagda - Coffee is enticing the Singaporean palate like never before and gourmet coffee outlets are everywhere. Shoeb Kagda finds out about this new thirst Shoeb Kagda IN THE world of coffeedrinking. the magic word i< not "decaf' or "coffeemate". Rather, any self-respecting connoisseur worthPhoto by Arthur Lee - 1,022 words
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Article, Illustration610 1991-06-08 23 RINGO LIEW - CD Review By RINGO LIEW LUTHER VANDROSS: Power of Love When Luther Vandross slides into one of those languid ballads, like his Grammy-winning Here And Now, it becomes obvious that not many singers around deserve to share the air he breathes. As a singer, he has610 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration797 1991-06-08 24 Diana Oon - Diana Oon talks to the winners of BT's Investment Race readers' contest Diana Oon HOW well would the man in the street do in the stock market given $100,000? Very well indeed, going by the results of BT's first investment race readers' contest.797 words
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Article, Illustration777 1991-06-08 24 Chew Eng Han - STOCK By Chew Eng Han THE stock market is again rising after a seemingly long lull. One growth stock worth looking at is General Magnetics, the world's largest manufacturer of C-zero cassettes and the only fully integrated audio cassette manufacturer in South-east Asia.777 words
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Article, Illustration365 1991-06-08 24 Najeeb Jarhom - CHART By Najeeb Jarhom Najeeb Jarhom is research manager at Fraser Roach IT IS healthy that the Straits Times Industrials Index has not tried to challenge its all-time high of 1607 by aping the recent behaviour of the Dow Jones Industrial Average. Unlike Wall365 words
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Article1015 1991-06-08 24 Prices as at 07.06.91 Conversion terms Premium/ Exjiy (discount) J Amount Optional** using Company (mil Wrts Share Loan Con* Exer Lnstk Cask Cask. Loan Gearing Date Mtks units) stock ratio price nom Stk 2 Left vahM S S B U rw.H* 115.2 0 060 0 1751,015 words
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Article, Illustration518 1991-06-08 25 Financial markets move in cycles. And the signs point to a buoyant equities market. The Economist JUNE is one of the most dangerous months for speculating in stocks; the others are October, July, January, September, April, May, March, November, December, August and February. That was MarkThe Economist; Source: The Economist - 518 words
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Article, Illustration624 1991-06-08 25 Chew Eng Han - If rates remain high, it's time to buy, says Chew Eng Han Chew Eng Han THE CURRENCY fever has hit Hongkong again. In the past few weeks, investors have been switching out of US dollars and grabbing Hongkong dollars to earn higher yields. And the624 words
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Article, Illustration1088 1991-06-08 25 New stock index does Wall Street really need it? S&P Mid-Cap 400 index specially designed for mid-sized firms NYT DOES America really need a new stock index, in addition to the Standard Poor's 500, the Dow Jones Industrial Average, the Wilshire 5,000, the Russell 2,000 and countless others? Standard Poor's,NYT - 1,088 words
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JOBS
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Article, Illustration891 1991-06-08 26 Harish Mehta - While department stores and boutiques are often responsible for giving a new look to their customers, Gerd Pech is in the business of giving a new look to the department stores and boutiques. Harish Mehta talks to the image-maker of Robinsons Harish Mehta Gerd pechPhoto by Chris Loh - 891 words
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Article, Illustration416 1991-06-08 26 Mr Julian Charles Dixon Manning has been appointed Chairman and General Manager of British-American Tobacco Company (Singapore) Ltd. Mr Manning replaces Mr Paul Frederick Viner, who will become Managing Director of Malaysia Tobacco Company Bhd, the group's tobacco manufacturing operation in Malaysia. Mr Manning was previously Managing Director416 words
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526 1991-06-08 26 NYT DESPITE expectations that factory robots would produce carefree workers, Japanese carmakers are discovering that the opposite is occurring. "We arc confident that we have eliminated here much of the dirty, dangerous and laborious work," said Shohei Hayakawa, who heads the manufacturing divisionNYT - 526 words
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Article, Illustration154 1991-06-08 26 Reuter ADELAIDE An Australian j'udge who wanted a bicycle instead of the car offered in a new salary package has been told it's four wheels or nothing. South Australian Supreme Court judge Robin Millhouse (above), who regularly cycles to work, told the government he wouldReuter - 154 words
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Article1063 1991-06-08 27 City Flight ETA Flight ETD City Flight ETA Flight ETD iiUiMa npnfti cnoo7 oirw"\ MH671 1800 MH643 1730 AdalaMe QF081 2000 SQ227 2200 MH/SQ671 1800 SQ114 1745 SQl 13 1805 SQ116 1845 Aaisterdaa) SQI9 0755 SQ24 0100 MH613 1850 MH614 1850 KL838 2115 SQl 15 20051,063 words
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THE TRAVEL PAGE
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Article, Illustration465 1991-06-08 27 LETTER FROM PROVINS ONE OF the most interesting towns in the region of Brie, and one that is usually unencumbered by the tourist hordes, is Provins, about 85 km south-east of Paris. Like Compiegne, where Napoleon and his Empress Eugenie retired to hunt465 words
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Article150 1991-06-08 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3320 1.3S2 Canadian dollar 1.540 1.5600 NZ dollar 1.020 1.0500 Sterling pound 2.9800 3.0100 US dollar 1.7720 1.7820 Local dollars to 100 units of foreign currency Austrian schilling 14.20 15.20150 words
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TRAVEL SLICES
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150 1991-06-08 27 BRITONS will be treated to a four-month celebration of Japanese culture from mid-September, with horse-riding archers shooting their arrows in London's Hyde Park and sumo wrestling at the Royal Albert Hall. The festival is described by the organisers as the largest celebration of150 words
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Article162 1991-06-08 27 TRUSTHOUSE Forte (THF), the largest UK short-break holiday operator, will celebrate the formal assumption of its new name, Forte, next week. The celebrations include a re-launch of its leisure breaks programme in the UK. Guests can also sign up for a Dining Around London option162 words
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Article57 1991-06-08 27 PACKAGE TRAVELLERS to UK can feel more assured in future. The British government will publish its views on how to protect holidaymakers from the collapse of travel agents and tour operators. This is in response to a European Community directive on package holiday travel and will ensure protection57 words
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Article46 1991-06-08 27 AMERICAN EXPRESS has started an Airline Fares Unit in the UK. This unit will provide details on the cheapest airfare on scheduled services to a number of popular destinations. Travellers utilising this service need not pay through Amex cards. Details 071-323-9003.46 words
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Article206 1991-06-08 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td June 2nd International Centre Institute (541)*****40 June 13-16 International Padua. E.A Fiere Di ********** 5-11 Exhibition On Municipal de Argentino del Exhibition of Italy Padova Packaging Exposiciones, Envase Mechanical Buenos Handling. Storage Aires Distribution June 5-11 International206 words
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TIME OFF
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Article94 1991-06-08 28 Hello Dolly! Musical comedy which tells the story of Dolly Levi, a bustling, mettlesome matchmaker, who stirs up a storm in the colourful New York of the Gay Nineties. Kallang Theatre. June 7-16 (except June 10) at Bpm. The Nose A Singapore short film about a young man who94 words
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Article, Illustration333 1991-06-08 28 K Jayanti - Compiled by K Jayanti Soxit-An Art Exhibition Featuring works of 25 artists from the Nanyang Academy of Fine Arts, the exhibition encompasses a gamut of styles, perceptions and media. The Substation Art Gallery. June 8-16. Ilam-9pm. Free admission. Exhibition: Joseph Beuys and Kathe Kollwitz The exhibition features a total333 words
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Article, Illustration622 1991-06-08 28 Awakenings. Robert DeNiro does some hand and leg work 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 have622 words
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Page 17 Advertisements
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Advertisement156 1991-06-08 17 SH/U*ELOAN I The *<i ><4 u/ way of turning shares into I If I MONO ICONG FINANCE LIMITED SINGAPORE FINANCE LIMfTEO I *****33 *****33 I I'' •7 WANT YOU TO RIDE FOR ME AT ROYAL ASCOT." J i i^^MR vi A V If* i PRPp BIVM If pMMr. |ir i156 words
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Page 18 Advertisements
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Advertisement22 1991-06-08 18 KEEPING CLASSY COMPANY LISTEN TO WINDHAM HILL COMPACT DISC CASSETTES DIFFERENT FROM THE REST Marketed by PONY CANYON SINGAPORE TeJ ??***** I22 words
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Advertisement206 1991-06-08 18 BT welcomes letters from you. Address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers. Doonesburv, EL3 Superb performances and sound at a very modest pricel J "Ralreehing and tnfoyabk The recording a i,—" ouWandmgly good In every way these art206 words
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Page 19 Advertisements
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Advertisement86 1991-06-08 19 COOL. COOLER. For around 400,000 dollars less than a Porsche 911, you can acquire something much cooler. The Electrolux mini Cool. Totally noiseless. Available in black, white, grey I or brown, to complement the decor in your office or in your living room or bedroom at home. To order this86 words
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Page 19 Miscellaneous
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Miscellaneous34 1991-06-08 19 DOONESBURY BY GARRY TRUDEAU I PiPSPOTSSUUN6R£ASAN fIHIHHHHIH *TOBLMK YOTt&S, ICRSAIW I KUSU& UM.. MLL, i ANRJRPrrCHTOeNTW-i&EL I mm SOU? OUT I ALMOST SMO&S, ASP I &PA &G I i UJHAT 7 A LOT. OUTTCMSRSACHOte.34 words
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Page 20 Advertisements
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Advertisement195 1991-06-08 20 WHERE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTEBTAIN WHEBE TO WINE, DINE Ik j I 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 2.00195 words
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Advertisement290 1991-06-08 20 JS. DIANXIN TEMPTATIONS Continuing the parade of culinary gems incomparable Ruyi offers a fine selection of Dian Xin. From our creative A la Carte menu, treat yourself to all the Dian Xin you can enjoy for $16.80++ per person. Open daily from 11 30am 2 30pm for lunch, and 6290 words
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Advertisement389 1991-06-08 20 The Ist Jigsaw Puzzle Competition 26 May-30June It's a giant batHe of wits. A real brain-teaser! Five consecutive Sundays of fun jointly organized by Plaza Hatel and The Puzzle Shop. Join in the children's Individual Event (up to 11 yrs) or the Team Event (open to all). For just $12389 words
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Advertisement323 1991-06-08 20 Py P®^ <6 Safiul Do Cjreat Italian Cuiilne I9| m| If you thought The Belvedere's Italian buffet was just IctH Mm pasta, you're in for a huge surprise. For our |wR| +f extravagant buffet will tempt you with over 60 other j|HKj #J specialities from Italy. Buon Appetito! dSBj We323 words
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Page 20 Miscellaneous
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Miscellaneous23 1991-06-08 20 s m m L2. ft 3 H They're called Russian Mussels because you never know who's going to get the bad one/ Punch23 words
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Page 21 Advertisements
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Advertisement196 1991-06-08 21 AND ENTERTAIN Family Fun|lrunch W if Make it a family outing with a scrumptious Sunday buffet brunch at Hubertus Grill. Aw Sole array of choice delicacies for Cartoons, toys and fun for the kids Wft* WvL 1 Adults |31++ Kids $19+ (ft A ana hotel SINGAPORE '6 "MM" 'OK '•wenor*196 words
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Page 22 Advertisements
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Advertisement556 1991-06-08 22 0! SUNDAY JUNE 16 7:30 A.M. I National Stadium West Entrance I Send your entry to: w* py The New Paper Big Walk '91 AMA I WM Locked Bag 10, Robinson Road Post Office, UI^M Men's Women's Men's Women's Men Women Business junior Junior Open Open Veterans Veterans House (20yrs&i556 words
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Page 24 Advertisements
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Advertisement210 1991-06-08 24 The Don't Quote Me column has been held over JOIN US IN THE OT INVESTMENT RAG CONTEST. WE'LL GIVEYOUSIOO OOOTO START THE BALL ROLLING^ Yes. 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 market210 words
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Page 25 Advertisements
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Advertisement471 1991-06-08 25 EXPRESS SHARE LOAN The eeuieAt wav of turning shares into <y*t t/ic No of Points FREE GIFTS* J. Quick and Easy. Get instant cash for your shares f over the counter at any of our 28 branches 6 1 PTWBS SoUr CacuOtor Loans from $2,000 to $50,000 7 jTaoWe ftwriy471 words
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Page 26 Advertisements
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Advertisement184 1991-06-08 26 DHL IN THE NEWS Advertisement DHL MOVES TO AIR EXPRESS CENTRE A new $13 million high state-of-the-art automated staff strength. tech building at No. 1, Tai features including a two-tier With all these latest Seng Drive, is DHL's new Air conveyor belt for its sorting developments, DHL will be Express184 words
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Page 27 Advertisements
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Advertisement40 1991-06-08 27 Zurich fly to Europe with Finnair. (And the not so well-off too.) Because Finnair flies a superb twice-weekly route from Singapore to Helsinki and then over 30 European destinations. Call *****77 for details. We know Kurope from start to KinnLsh.40 words
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Advertisement8 1991-06-08 27 p— WEEKLY OVERSEAS EDITION Subscribe now Call 740-1840/1.8 words
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Advertisement96 1991-06-08 27 FOR BITS AND BYTES^ Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local news,96 words
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Page 27 Miscellaneous
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Miscellaneous293 1991-06-08 27 I Regiment in aircraft, a 1 transporter (9) Hf Hh HfIHF I j 9 Obtain possession of a hundred sheets of paper 1 10 I j j 10 One producing another I I note about a flammable lH II Hundreds are successful before being led astray to lose their importance293 words
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Miscellaneous167 1991-06-08 27 Asia-Pacific Hi/Lo* Cond. Auckland 16/12 Rain Bangkok 32/25 Showers Beijing 23/18 Sunny Brunei 31/25 Showers Hongkong 32/24 Sunny Jakarta 32/24 Fair Kuala Lumpur 34/25 Showers Manila 35/25 Showers Melbourne 14/10 Cloudy Perth 21/14 Sunny Seoul 27/17 Fair Sydney 19/14 Goudy Taipei 32/26 Fair Tokyo 28/18 Goudy Wellington 17/03 Sunny Europe167 words
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Miscellaneous19 1991-06-08 27 L.LLi/.'U^UilgP l you won't fimd (this is the. breadline Floor —(f- 0448 C CVENWO STAHOAWO CO. LTD.. ItM-Htl 119 words
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Page 28 Miscellaneous
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Miscellaneous1881 1991-06-08 28 TODAY'S TV I Warriors. National News (M). cMI i ]t °P ,an **}cty I 840 Hiburan Mlnggu Ini Rumah Besar Diatas Bukit, Anne of Green Gables, isr Men s3J£ i i Fau/iah lat Al "ong 3.15pm, SBC 5 12.30pm. SBC 5 mg,CS K f In search of peace and quiet,1,881 words
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Miscellaneous619 1991-06-08 28 MOVIES ON TV Tlw, Rl~* UAL. Tii* Q HWim Uke the P roverbial Successful SBC 5 man, the very first cover of Life magazine also had a A mad scientist living in woman behind it. Farrah deep space with his army of Fawcett plays Margaret robots wants to plunge head619 words
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