The Business Times, 10 August 1991

Microfilm: NL17607
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 16/12/90 Weekend Edition, August 10-11 1991 15*
    11 words
  • NEWS & MARKETS SUMMARY
    • Article
      Dow lower
      51 1 WALL STREET showed little change in early trading yesterday in a subdued response to favourable inflation news. The Dow Jones average of 30 industrials rose 2.91 points in the first half-hour but then retreated to show a 2.01-point loss at 3,011.85 by 1430 GMT, one hour into the
      51 words
    • Article
      Footsie lower
      45 1 LONDON share prices slid sharply lower on the closing day of the Stock Exchange account yesterday, depressed by losses on Wall Street and in Tokyo. In early afternoon trading, the FTSE 100 share index stood at 2,580.5, down 20.1 points from Thursday's close.
      45 words
    • Article
      HK banks to cut deposit rates by half a point
      63 1 HONGKONG The Hongkong Association of Banks said that deposit rates would be cut by a half percentage point across the board but the prime rate would remain unchanged at 9.5 per cent. The new rate, which ranges from 4.5 for
      63 words
    • Article
      OS wholesale prices down 0.2pc
      32 1 WASHINGTON Wholesale prices, helped by the biggest monthly drop in food costs in more than four years, fell 0.2 per cent in July, the government reported yesterday.
      32 words
    • Article
      Cautious optimism
      33 1 SINGAPORE-BASED fund managers and investors welcome Malaysia's plan to allow foreign investors to subscribe for new share issues. But they are still sceptical about the timing of the proposed move. Pg3
      33 words
    • Article
      STOCK INDICES
      28 1 Friday Change BT-MGA closed Kuala Lumpur ....565.43 +0.55 Tokyo 23,434.62 -47.84 Hongkong 4,024.01 -22.55 Sydney 1,584.1 -6.0 Thanday Change New York 3,013.86 -12.75 London 2,600.6 3.2
      28 words
    • Article
      COMMODITIES
      37 1 London CMd AM fix USS357.85 US$0.85 S pore Sep Closed Msia Sep 227.00«/kg -0.5 KL Tin Turnover 45 tonnes +13 Spot MS 15.42 /kg unch Crude pain oN Turnover 1,336 lots -384 Aug MS863 /tonne +4
      37 words
  • Article
    Conspiracy behind bank jitters, says HK official
    552 1  -  Standard Chartered latest victim of bank run From Catherine Ong in HONGKONG A SENIOR Hongkong government official has suggested there might be a conspiracy by the Bank of Credit and Commerce (BCC) depositors to destabilise the territory's banking system as a series of
    552 words
  • Article
    HK stocks plunge
    127 1 THE Hongkong Hang Seng Index plunged 49.59 points towards the close yesterday as news of yet another bank run triggered panic selling. Rumours that Standard Chartered Bank had lost its licence and its listing in London prompted heavy withdrawals at the bank's branches in Hongkong. The index
    127 words
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      267 1 Nikon Ct I n* i ,*V It 6$3f 4jEttmC< i^Hnr^H 3PtB^^BM*iK^HBP^^iB^r^lWWr9Nb 4U&? JHBjH Wf iyIF TFT If ir >«■ «F Mg$M Jl K|H SH«& 3»- f&iflf SfiSfflr a 1 JKii JpB-v^ jBSBfiplfr tcL '•^SSL?'/Pfci j|tf> JKm* U|w||% tHHSpM-# jh jpp: JKaflBKBIBHw^^r w BBttiiiMlBIHMiMiBK^wBBBBB^^Bi^BBBBflHi HuBRjb jmMF' ®f.' <HMnflgit'W WBIIHypWPtffijrapBMMBfBMiMPTMBMMHWMMR < gP
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      7 1 Citibank run in Hongkong eases, Back Pg
      7 words
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      225 1 Nikon Time|less values. The movement of a watch is dust, dirt and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a totally secure protection for the highest mountains, dived to centuries craftsmen have striven the precision Oyster movement. the depths of the oceans and to provide
      225 words
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  • NATIONAL DAY PARADE '91
    • Article, Illustration
      Into the next lap
      322 2  -  By Dexter Lee SINGAPORE'S lion roared at the National Stadium last night under a brilliant sky of exploding fireworks. Formed by the colourfully lighted tubes of 500 members of the Nichiron Shoshu Singapore, the lion-head formation was a fitting cap to a night of entertainment which
      322 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      559 2 tea* to* Bail kiM Peprtn to«l to Hi Bar* AnM Pepartae Mvtaa Terminal 1 Seki Nagoya 17 P04 10 08/0700 1108/0600 Mmnfc 1 796 M02 akrafe 09.08/1730 Snwwa 32WB P08A 09.08/0600 1008/1800 sTswudra Oil M04 09.08/2300 Wya 32WB P07 10.08/1800 1308/2300 aurfu 910GN M03 atorrade 09.08/1400 Trans
      559 words
    • Article
      CONTAINER SCHEDULE
      999 2 VFTZai FCL CONTAINERS AND LCL CI MM I m 9* Voy No R Etb/Btr P •card Bookinf/Batance mod From To Mb From Ace Contr A114 11/1800 09/1700 10/1200 0/0659 0/1459 10/0900 10/1700 Aha Bhum 515N 12/0600 09/1500 10/1200 0 '1659 '1459 09/1900 10/1700 Areo n *****N 11/0700 09/1500
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  • COMPANY NEWS 1
    • Article, Illustration
      Fund managers sceptical about KL move on new issues
      325 3  -  By Magdalene Ng AS MUCH AS Singaporebased fund managers and investors welcome Malaysia's plan to allow foreign investors to subscribe for new share issues, they remain sceptical about the timing of the proposed move. "We have been underweighted in Malaysia for
      325 words
    • Article, Illustration
      Lock icon MCB aims for good property mix
      287 3 Bernama KUALA LUMPUR MCB Holdings Bhd feels that its acquisitions of several property development companies will provide the group with a good mix of properties to develop over the next few years, ranging from low and medium-cost housing to high-cost terrace houses and condominiums.
      Bernama  -  287 words
    • Article
      Scotts issue draws bank financing
      412 3  -  By Diana Oon RETAIL and property heavyweight Scotts Holdings' new share issue is drawing a lot of attention from banks eager to finance potential investors. Just two days after Scotts launched its public offer, the major banks are already out with share-financing packages at hand.
      412 words
    • Article
      Lock icon Shanghai Chong Kee to offer shares
      329 3 Listing candidate for KLSE second board BT KUALA LUMPUR Shanghai Chong Kee (SCK), when it emerges on the second board of the Kuala Lumpur Stock Exchange, will be the first interior renovation company to be listed in Malaysia. The company intends to make an
      BT  -  329 words
    • Article
      Lock icon Interior renovation firm plans to go into property development
      277 3 MBT KUALA LUMPUR While custom-made furniture is an integral part of Shanghai Chong Kee's business, the group is more well-known as an interior renovation company, specialising in the supply and installation of a wide range of partitions, ceilings, floor and wall
      MBT  -  277 words
    • Article
      Lock icon Magnum not planning to reduce G Lumber stake
      345 3 Cut needed to allow G Lumber to raise RHB stake Reuter KUALA LUMPUR Malaysia's Magnum Corp Bhd has no plans to reduce its 23 per cent stake in General Lumber (Holdings) Bhd (GLHB) to allow the latter to raise its stake in
      Reuter  -  345 words
    • Article
      Lock icon UMW interim pre-tax profit slips slightly to M$101.8m
      311 3 Bernama KUALA LUMPUR UMW Holdings Bhd yesterday reported a 2.8 per cent drop in its group pre-tax profit to M$ 101.82 million (5563.13 million) for the six months ended June 30, 1991, from M$ 104.73 million in the same period last year.
      Bernama  -  311 words
    • COMPANY BRIEFS
      • Article
        Matsushita's sales to reach M$3.6b this year
        69 3 KUALA LUMPUR The Matsushita group of companies is projecting consolidated sales to the tune of M 53.6 billion (552.23 billion) for 1991, the managing director of Matsushita Industrial Corp Sdn Bhd, Joe Shohtoku, said yesterday. This constitutes 3 per cent of Malaysia's GDP,
        69 words
      • Article
        Dutch Baby profits up 81pc
        46 3 KUALA LUMPUR Dutch Baby Milk Industries (Malaya) Berhad yesterday announced aBl per cent increase in its pre-tax profit to M 53.29 million (552.04 million) for the six months ended June 30, 1991. Turnover fell 3 per cent to MS 104.05 million.
        46 words
      • Article
        Public Packages gets listing nod
        69 3 KUALA LUMPUR Public Packages Holdings Bhd has received approval from the Capital Issue Committee for the listing and quotation of its shares on the second board of the Kuala Lumpur Stock Exchange, Malaysian International Merchant Bankers Bhd (MIMB) said yesterday. The corrugated carton packaging manufacturer's
        69 words
      • Article
        Ho Hup looking at new venture
        68 3 KUALA LUMPUR Ho Hup Construction Company Bhd is looking into the possibility of going into the manufacturing of building materials, executive director Low Tuck Choy said yesterday. He told newmen after the balloting here for the bumiputra portion of the company's public share offer
        68 words
    • Article
      Lock icon IGB, Petaling Garden, S Toto in property deals
      227 3 Bernama KUALA LUMPUR IGB Corporation Berhad announced yesterday that it will acquire two companies, Puncak Megah (M) Sdn Bhd and Wangsa Tengap Sdn Bhd, from two listed companies, and will in turn sell its stake in the Lanjut Golf Resort to one
      Bernama  -  227 words
    • COMPANY BRIEFS
      • Article
        Sony plans to raise up to US$3b in Japan, US
        120 4 NEW YORK Sony Corp plans to raise US$2 billion (553.4 billion) to US$3 billion by issuing stock in both Japan and the US over the next year, a report said on Thursday. The moves will help the consumer electronics giant
        120 words
      • Article
        Procter & Gamble's net profit up
        95 4 Procter Gamble's net profit up CINCINNATI Robust international sales helped hoist Procter and Gamble Co's earning for the fourth quarter ended June 30, to US$3O4 million (Sss2o million) or 76 US cents per share, from US$2B4 million or 75 US cents per share a year earlier. US volumes rose modestly,
        95 words
      • Article
        Sumitomo in Jakarta office venture
        77 4 TOKYO Japanese trading giant Sumitomo Corp said it will erect a 19-storey office building in central Jakarta along with the Rodamas group, a local concern. P T Summitmas Property, an Indonesian joint venture between Sumitomo and Rodamas, is to begin construction on the US$4O million
        77 words
      • Article
        Taj Mahal's operating profit up
        49 4 ATLANTIC CITY Trump Taj Mahal's operating profit for the second quarter rose to US$24.B million (5542.4 million) from U5523.9 million last year. Trump Organisation said that for July, operating profit rose by about 25 per cent to US$l5 million from US$l2.l million last year.
        49 words
      • Article
        Aussie food group sees better results
        101 4 SYDNEY Food group and takeover target Petersville Sleigh Ltd said its core businesses will improve results in the year to June 1992 and beyond. Petersville, 62.9 per cent owned by The Adelaide Steamship Co Ltd (Adsteam) group, earlier announced a net loss of U*****.57
        101 words
      • Article
        Sotheby's freezes hiring and pay
        60 4 NEW YORK Sotheby's Holdings Inc said it has established hiring and officer pay freezes and implemented programmes to consolidate sales and reduce marketing expenses. Earlier, the company reported second-quarter net income of 19 US cents per share or US$lO.B million (5518.5 million), down from 1990's
        60 words
    • Article
      Lock icon Brierley buys AMR rights in Air NZ
      310 4 Reuter AUCKLAND Brierley Investments Ltd (BIL) said it bought the rights accruing to AMR Corp unit American Airlines in Air New Zealand's one-for-two rights issue. Before the issue, American held about 7.5 per cent of the national carrier. BIL held 35 per cent
      Reuter  -  310 words
    • Article
      Lock icon Traffic revenues boost KLM's first-quarter profit
      259 4 Reuter AMSTERDAM KLM Royal Dutch Airlines said higher traffic revenues helped it more than treble its firstquarter net profits compared with the same period a year ago. The Dutch flag carrier reported that net earnings surged to 135.9 million guilders (S$ 121 million) in
      Reuter  -  259 words
    • Article
      Lock icon Thailand to set up watchdog agency for securities industry
      277 4 Reuter BANGKOK Thailand's caretaker military government plans to push through parliament a law for setting up a watchdog agency for its growing securities industry. Thawee Noonpakdi, adviser to Finance Minister Suthee Singhasaneh, told brokers on Thursday that the Cabinet was expected
      Reuter  -  277 words
    • Article
      Lock icon Toshiba to build plant in China
      214 4 Asahi TOKYO In an effort to break a bottleneck in domestic production, Toshiba Corp has announced plans to establish a Chinese subsidiary in September to produce electrical components. The new company will be located in Dalian, Liaoning province, north-eastern China, a Toshiba spokesman said
      Asahi  -  214 words
    • Article
      Lock icon UAL raises bid for Pan Am's Latin American assets
      287 4 Reuter CHICAGO UAL Corps United Airlines said it presented a new offer to Pan Am Corp to buy Pan Am's Latin American division, including Miami-Europe routes, for US$2O5 million (***** million) and to provide more than US$6O million of debt-or-in-possession financing
      Reuter  -  287 words
    • Article
      Lock icon Thai banks' first-half profits up 29pc
      182 4 Reuter BANGKOK The combined net profits of 15 Thai commercial banks rose to 8.9 billion baht (***** million) during the first half of this year, up 28.8 per cent from 6.9 billion baht a year ago, Bangkok Bank Ltd said. Bangkok Bank said the
      Reuter  -  182 words
    • Article, Illustration
      Lock icon British Telecom posts higher profits
      372 4 Reuter LONDON British Telecommunications pic (BT) has posted a higher pre-tax profit for the first three months to June 30 of £82S million (552.43 billion) against £741 million in the previous year because of stricter cost controls. "BT has started the year with sound results
      Reuter  -  372 words
    • Article
      Lock icon No upturn in main markets: WPP
      566 4 First-half results extremely disappointing, says group Reuter LONDON Advertising group WPP Group pic said its main markets were still depressed. "There has been no evidence to date of any upturn in trading conditions in the group's major markets such as the United States and
      Reuter  -  566 words
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      5 3 Stock Watch, EL Pr 7
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      109 3 PROPERTY CONSTRUCTION siTPPT.igiungTirr 1991 A special Business Times Survey September 10,1991 How will the coming year shape up for developers and investors alike, now that the Gulf War is history? Will we see the long-expected Hongkong Influx fill our new office blocks? And where are residential property prices heading? As
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      93 4 >Wfw It could be a controversial deal between two stock I market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of
      93 words
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  • THE REGION/THE WORLD
    • Article
      Lock icon US recovery could be statistical mirage
      489 5 April-June GNP rise could vanish when figures are revised, say economists Reuter WASHINGTON The US recovery from a year-long recession that supposedly began a few months ago could turn out to be a statistical mirage, which would be no surprise to the many Americans
      Reuter  -  489 words
    • Article
      Lock icon Gosbank to cut flow of funds to some banks in republics
      282 5 FT MOSCOW Gosbank, the Soviet Union's central bank, will soon impose "harsh measures" against the banks in union republics whose unrestrained lending is fuelling an explosion in credit, Victor Gerashchenko, Gosbank chairman, said on Thursday. Mr Gerashchenko said he
      FT  -  282 words
    • Article
      Lock icon Thai civil servants emerging as 'new poor
      523 5 Public salaries fail to keep up with economy Reuter BANGKOK Civil servants, once one of Thai society's most privileged groups, are becoming part of the "new poor", people left behind by Thailand's booming economic growth. In the seventh National Economic and Social Development
      Reuter  -  523 words
    • Article, Illustration
      Lock icon Jubilation spelled out
      56 5 Reuter picture LONDON A woman walking past a billboard here on Thursday which campaigned for the release of British hostage John McCarthy and is now painted over with the word *Free\ Mr McCarthy was released on Thursday by the Islamic Jihad in Beirut after spending more than
      Reuter picture  -  56 words
    • Article
      Lock icon China recovers from Tiananmen-induced slump
      448 5 AP WASHINGTON Chinas economy is recovering strongly from the decline that followed the crackdown on the movement for democracy, the Central Intelligence Agency says. The world's most populous country "is emerging from its austerity-induced economic slump with strong, if uneven, industrial growth", the CIA told
      AP  -  448 words
    • Article
      Lock icon Malaysia faces cement shortage
      252 5 MBT KUALA LUMPUR Almost a million bags of cement are urgently required by at least 69 housing projects in the Peninsular. Industry sources said 28 of the projepts were located in Kuala Lumpur and Selangor, 10 in Pahang, nine in Perak. seven each in Malacca and
      MBT  -  252 words
    • Article
      Lock icon S Korean overseas borrowing soars to US$3b in first half
      274 5 Reuter SEOUL Seoul's snowballing current account deficit means financial institutions continue to head overseas seeking financing ahead of liberalisation of the capital market here. The current account deficit in the first half of 1991 was a record US$5.B4 billion (about
      Reuter  -  274 words
    • WORLD WATCH
      • Article
        Japan will not follow US in lowering rates
        92 5 TOKYO Finance Minister Ryutaro Hashimoto said terday that Japan would not follow the US in lowering interest rates. "Japan's (economic) situation does not warrant a change in the monetiuy policy," Mr Hashimoto said. His remark followed Tuesday's lowering of the US federal
        92 words
      • Article
        Power to prevent takeovers
        70 5 WASHINGTON President George Bush is expected to sign a bill giving him power to stop the foreign takeover of an American company if he finds that it would hurt US security. The bill would make permanent what was known as the Exon-Florio law, which expired last
        70 words
      • Article
        HK lifts curbs on krugerrands
        60 5 HONGKONG The government lifted restrictions yesterday on imports of South African krugerrands and iron and steel in reaction to Pretoria's racial reforms. The trade department said such imports would no longer require import licences. The South African consulate welcomed the move, saying it reflected "how
        60 words
      • Article
        Yeltsin offers to take control
        62 5 MOSCOW Russian Federation President Boris Yeltsin offered on Thursday to assume jurisdiction over the republic's oil and gas industries from the central government. The Kremlin agreed earlier this year to surrender control over some of the country's richest coal mines to the economically more progressive
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      • Article
        Palm oil credit for poor nations
        57 5 KUALA LUMPUR Primary Industries Minister Lim Keng Yaik said on Thursday the Cabinet had approved long-term credit for Third World and poor countries to buy Malaysian palm oil. Datuk Lim did not say how many countries would benefit, but said several, including the Soviet
        57 words
      • Article
        Draft constitution for Thailand
        34 5 BANGKOK A military-appointed committee finished the draft of a new constitution on Thursday without changing provisions that civilian political parties charge will maintain the military's political power even after elections.
        34 words
      • Article
        Manila could lose US$3.5b aid
        41 5 MANILA The Philippines could lose up to USS3.S billion (about SS6 billion) in aid over the next decade if it fails to ratify a new military bases agreement with the US, an American official said yesterday.
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      • Article
        Brazil to settle back interest
        32 5 NEW YORK Brazil and its creditor banks announced an agreement on Thursday to settle about USSB billion of back interest owed by Brazil on its foreign debt.
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      • Article
        More aid for Indon province
        58 5 JAKARTA Dutch Economic Cooperation Minister Jan Pronk has pledged to raise The Hague's development aid for the eastern Indonesian province of Moluku. The Hague would double its annual financial aid for Maluku from the current equivalent of US$5 million to US$lO million by 1994 and
        58 words
    • Article
      Lock icon Pakistani privatisation seen gaining momentum
      140 5 Reuter KARACHI The Pakistani government's privatisation programme, hit by snags and protests, is likely to gain momentum after its offer to sell a second state-run bank, government and business officials say. The government offered majority shares in the staterun Allied Bank Ltd (ABL) to the
      Reuter  -  140 words
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      99 5 SMHHBsSnHI^K Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available US* BAHAMAS 900 B.V.I 950 COOK ISLANDS 1600 DELAWARE 295 GIBRALTAR 500 HONG KONG 350 IRELAND 400 ISLE OF MAN 450 JERSEY 900 LIBERIA 1050 MADEIRA 3750 PANAMA 800 U.K. LTD 240 WESTERN SAMOA
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Pre-weekend selling trims earlier gains
      4184 6 Bernama SHARE PRICES in Kuala Lumpur finished mixed to firmer yesterday as bargainhunters, who had earlier helped to bring about a rebound, decided to liquidate ahead of the weekend. The KLSE Composite Index ended at 565.43, up 0.55 of a point, but the Industrial Index
      Bernama  -  4,184 words
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      35 6 WHO WILL BE THE LAST EIGHT? Our sportswriters S Gulam and Abdul Shukor and soccer team managers Richard Woon and K Suppiah pick their choices. NEW, NEWS, NEWSY From lunch-lime. Monday to Saturday. .V. -:y
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end the week lower in thin trade
      2207 7 Reuter TOKYO STOCKS closed lower yesterday in a day of small turnover, continuing the pattern set for the week as a whole the Nikkei was down four of the five days and daily volume fell to its lowest in seven years earlier
      Reuter  -  2,207 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng drops 22 points amid banking panic
      1938 7 Reuter AP HONGKONG stocks fell sharply in roller-coast-er trading yesterday sparked by a wave of banking panic. The blue-chip Hang Seng Index slumped 22.55 points to 4,024.01 at the close amid rumours that British-owned Standard Chartered Bank had lost its licence in
      Reuter; AP  -  1,938 words
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  • REGIONAL STOCK MARKETS
    • Taipei shares up sharply on heavy volume
      • Article
        AUSTRALIA
        886 8 THE Australian share market closed lower yesterday as investors took profits after a fall on Wall Street overnight dampened sentiment. "The market drifted within a narrow range on low volumes in cautious trade," a BZW Australia broker said. However, brokers said there was still life in the market. "The
        886 words
      • Article
        BANGKOK
        762 8 SHARE PRICES closed slightly higher in quiet trade in Bangkok yesterday as investors were sidelined ahead of the long weekend, brokers said. The market will close on Monday for the Queen's birthday holiday. "The market was very quiet since the beginning of the trading. It was a little more
        762 words
      • Article
        MANILA
        523 8 SHARE PRICES slid in Manila yesterday on renewed caution about the Philippine political climate pending ratification of the US bases treaty, brokers said. The Manila Stock Exchange Composite Index closed 11.48 points lower at 975.37, with commercial/industrials largely pulling it down. "There's no rush to buy. Buyers can afford
        523 words
      • Article
        SEOUL
        800 8 INVESTOR interest in construction and trading issues pushed up Seoul shares in fluctuating trade yesterday following two days of declines. "Buyer interest in shares related to North-South Korean relations helped the market rise," Dong Yang Securities broker H S Chung said. The composite stock index closed 7.03 points higher
        800 words
      • Article
        TAIPEI
        452 8 TAIWAN share prices closed shrply higher across the board in active tade yesterday after surging plastic shres sent other sectors higher, brokers Sid. The Weighted Index broke thrugh resistance at 5,000 points, gaining 276.38 points or 5.7 per cent to end at 5,142.60. Turnover rose to NTS3B.3 billion from
        452 words
      • Article
        JAKARTA
        614 8 THE Jakarta stock market maintained its week-long level of dull activity as the index fell further yesterday, brokers said. The index slipped 0.46 points to 331.97 on a turnover of 1.70 million shares in the day's single session of trading. "The shares traded were mainly those for which foreigners
        614 words
      • Article
        NEW ZEALAND
        270 8 A SPELL of late buying in selected stocks took the New Zealand share market to a slightly firmer close yesterday after it had appeared soft for most of the day. "It was strongly bid up at the close," said Murray Rutherford of Jordan Sandman Were. "There were some
        270 words
      • Article
        Untitled
        434 8 Close Previous At* 9 AUSTRALIA All .Ordinaries Index 1,584.1 1.590.1 -6.0 All Industrials Index 2.413.9 2,421.8 -10.7 All Resources Index 945.7 947.9 -2.5 Turnover (million) 141.6 241.3 -99.7 BAHCKOtt SET Index 702.92 699 89 +3.03 Turnover (billion bahl) 1.61 1.92 -0.31 JAKARTA Composite Index 331.97 332.43 -0.46 MANILA Composite Index
        434 words
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      26 8 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 749-2577
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  • WORLD STOCK MARKETS
    • Weak bonds depress Wall Street stocks
      • Article
        Untitled
        283 9 Aug 8 Close Prrnotis NEW YORK Dow Jones 3.013 86 3,026.61 -12.75 NYSE Financial 156.05 156.08 -0.03 SAP 500 389.32 390.56 -1.24 Turnover (million) 163.9 172.2 -8-3 LONDON Financial Times 30 2.024.0 2,014.9 9.1 FTSE 100 2,600.6 2.597.4 +3.2 Turnover (million) 399.4 490.8 -91.4 FRANKFURT DAX Index 1,630 21 1,631.43
        283 words
      • Article, Illustration
        NEW YORK
        1387 9 AN EARLY rally in New York stocks was cut short by a weakening bond market on Thursday, sending the Dow Jones Industrial Average down 12.75 points, to 3,013.86. The Treasury's 30-year bond auction, the last leg of its quarterly refunding, was disappointing. The average yield was 8.21 per
        1,387 words
      • Article, Illustration
        LONDON
        632 9 THE LONDON stock market drifted higher on Thursday as investment activity slowed mainly because of the summer holiday season and a dearth of fresh economic data. The blue-chip Financial Times Stock Exchange 100-share index, which rose 24.1 points on Wednesday, was up 3.2 points to close at 2,600.6. The
        632 words
      • Article
        FRANKFURT
        247 9 GERMAN SHARES ended mixed in thin volume on Thursday, as the market remained in a holding pattern ahead of the expected rise in German interest rates next week. The 30-share DAX Index closed 1.22 points down at 1,630.21. It had fallen as low as 1,625.11 shortly after the open,
        247 words
      • Article
        AMSTERDAM
        290 9 DUTCH SHARES ended broadly mixed on Thursday after a session enlivened by earnings from Royal Dutch and KLM. Airline KLM's net profit for its first quarter ending June 30 more than trebled to 135.9 million guilders (S$ 121.6 million), sparking brisk short-covering by market players who had expected weaker
        290 words
      • Article
        PARIS
        191 9 THE PARIS BOURSE pushed aside worries over higher interest rates in Europe to close firmer on Thursday, extending Wednesday's solid gains, dealers said. The CAC-40 Index climbed clear of the 1,780 resistance level, pierced on Wednesday for the first time in several weeks, as the market responded positively to
        191 words
      • Article
        MILAN
        163 9 ITALIAN SHARES closed unchanged on Thursday after trading in narrow ranges in extremely thin summer trading as growing numbers of investors took to the sidelines waiting for next week's end to the August account. Dealers estimated Thursday's volume at 60-65 billion lire, an even flimsier performance than Wednesday's 73
        163 words
      • Article
        ZURICH
        249 9 SWISS SHARES ended a quiet session little changed on Thursday. Dealers said volume was light in the absence of new factors and ahead of next week's Bundesbank meeting in Frankfurt. Wall Street's hesitant opening also failed to provide a new direction. The all-share SPI index closed 0.1 points lower
        249 words
      • Article
        BRUSSELS
        189 9 BELGIAN SHARES closed lower in thin trading on Thursday after consolidating early modest losses. Traders said slightly lower bond prices and a flat opening on Wall Street kept the market sluggish. One trader said the market was reacting to a halt to several days of declines in interest rates.
        189 words
      • Article
        JOHANNESBURG
        357 9 THE STOCK MARKET in Johannesburg showed a slightly firmer bias in thin afternoon trading on Thursday, but continued to lack clear direction after a generally slack day as major investors stayed on the sidelines in the absence of any fresh stimulatory news, dealers said. The JSE All-Gold Index crept
        357 words
      • Article
        TORONTO
        239 9 DISAPPOINTING second quarter earnings and some profit-taking after gains earlier this week sent Toronto stocks lower in slow trade on Thursday, dealers said. "We're just continuing to churn around here with the market going nowhere," said Ben Joyce, an analyst with Burns Fry Ltd. The TSE-300 closed down 13.95
        239 words
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      Page 9 Advertisements Column 1
      58 9 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Short-covering pushes greenback higher in quiet Tokyo trade
      1187 10 REPORTS I ASIA Tokyo: The US dollar yesterday closed firmer in Tokyo against the mark and the yen on short-covering. Trade was extremely thin and quiet ahead of the weekend and due to a holiday in Singapore, dealers said. "Tokyo customers and
      1,187 words
    • Article
      Lock icon Volatility boosts forex earnings of UK banks
      535 10 Reuter LONDON UK clearing banks took advantage of trading opportunities caused by increased volatility to boost income from foreign exchange trading in the first half of 1991. In the first six months of the year, three of the four main UK clearing banks
      Reuter  -  535 words
    • Article
      Lock icon More US rate cuts needed, say economists
      295 10 Reuter NEW YORK The Federal Reserve's quarter-point reduction in the federal funds rate will do little to fortify a sputtering US economy. Instead, it has financial markets crying for more. The Fed's ease on Tuesday pulled funds down to sxh5 x h per
      Reuter  -  295 words
    • Article
      FINANCIAL FUTURES
      1105 10 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 94.20 94.25 94.20 94.23 6700 ***** 4410 Dec 91 93.89 93.95 93.89 93.92 ***** ***** 8467 Mar 92 93.80 93.85 93.80 93.83 3700 ***** 3115 Jun 92 93.41 93.44 93.41 93.42 2300 2711 772 Sep 92
      1,105 words
    • Article
      INTERBANK FOREX RATES
      382 10 Cross rates US$ S$ MS Dm Yen SFr AS NZS USS 1.7235 2.7670 1.7035 135.75 0.5824 1.4935 1.2771 1.7406 SS 0.5802 1.6055 0.9884 0.7876 0.3379 0.8666 0.7410 1.0099 MS 0.3614 62.29 0.6156 0.4906 0.2105 0.5398 0.4616 0.6291 Dm 0.5870 1.0117 1.6243 79.69 0.3419 0.8767 0.7497 1.0218 Yen
      382 words
    • Article
      MONEY MARKET
      529 10 Interbank rates S$ Bid Offer Overnight 5 5 1/4 1-month 5 1/8 5 1/4 2-month 5 3/16 5 5/16 3-month 5 1/4 5 3/8 Overnight mode: 4-7/8 L'SS Bid Offer 7 days 5 5/8 5 3/4 1 month 5 9/16 5 11/16 2 months 5 5/8 5 3/4
      529 words
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  • COMMODITIES
    • Article
      Lock icon Chemicals earnings of BP and Shell fall sharply
      440 11 UPI LONDON Difficult economic conditions hit the petrochemical earnings of two major oil groups, Royal Dutch/Shell and British Petroleum, denting their second quarter profits, the companies announced on Thursday. The Royal Dutch/Shell group said its earnings fell 12 per cent in the
      UPI  -  440 words
    • Article
      Lock icon US disposal will depress market, says tin grouping
      283 11 Bernama KUALA LUMPUR The Association of Tin Producing Countries feels that any major disposal of tin by the US at a time when the market is still burdened with a large stock overhang will depress the already low prices and delay the
      Bernama  -  283 words
    • Article
      M'sian crude palm oil ends firmer in thin trade
      813 11 REPORTS MALAYSIAN crude palm oil prices closed higher yesterday on light covering interest and reflecting gains on the futures market, dealers said. Talk of India returning to the market next week and reports that Malaysia has decided to extend a two-year
      813 words
  • Article
    PRICES
    1354 11 wupoer Aug 8 MS (fcfc li Wm) S cents/kg Noon Close Int I RSS Prompt 138.7V139.75N 138.50/139.SON Int 1 RSS Sep 91 140.50/141.00 140.25/140 75 Int 1 RSS Oct 142.50/143.00 142.2V142.75 Int 2 RSS OP 139.50/141.50N 139.25/14I.25N Int 3 RSS OP 138.00/140.00N 137.75/139.75N Int 4 RSS OP 133.50/135.50N 133.2VI
    1,354 words
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      Page 11 Advertisements Column 1
      25 11 Difficulty in getting a copy of Singapore Business, Her World, Go, Home Decor, Young Parents? Call our Hotlines 740-1839 740-1840 for locations of nearest newsstands.
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      1453 11 BUSINESS TIMES TELEPHONE: 730-5771/5772/3773 PAX: 734-*9»2 IN THE MATTES OF THE COMPANIES ACT, CAP. M AND SINGAPORE MALAYSIA KOREA GINSENG CO (PTE) LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION M(S) At an Extraordinary OeneraJ Meeting of the members of the abovenamed Company duly convened
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  • Article
    Retention of NZ tax disappoints S'pore investors
    433 12  -  By Alvin Tay SINGAPORE investors are generally disappointed with the New Zealand government for retaining the 15 per cent withholding tax on dividends in last week's Budget. But they are encouraged by the removal of the withholding tax on interest, which they see
    433 words
  • Article
    Lock icon Indonesia extends deadline for banks to divest share ownership
    220 12 Reuter JAKARTA Indonesia yesterday extended the deadline for banks to divest their share ownership by close to three years to prevent prices on the country's stock market falling further. Adrianus Mooy, governor of Bank Indonesia, the central bank, said the deadline
    Reuter  -  220 words
  • Article, Illustration
    Lock icon Citibank run in Hongkong eases
    412 12 Reuter UPI HONGKONG A run by local depositors on Hongkong branches of Citibank appeared to have eased yesterday, two days after rumours of financial insolvency prompted long lines of customers wanting to withdraw their money. About 250 people crowded outside one of the US-based bank's
    Reuter; UPI; Reuter picture  -  412 words
  • Article
    Lock icon Siam Agro sues Thai bourse for delisting shares
    242 12 AFP BANGKOK A leading food-canning company has filed a lawsuit against the Stock Exchange of Thailand (SET) demanding US$l million (SSI-7 million) in compensation for suspending trading of its shares, court officials said yesterday. Siam Agro Industry Co (Saico) said in the
    AFP  -  242 words
  • Article, Illustration
    Lock icon Former BCCI official tells all to US panel
    662 12 The BCCI collapse NYT The foriier chief financial officer of the Bank of Credit Commerce International told a Senate panel on Thursday that the bank became insolvent after suffering trading losses of US$43O million (aQout Ss73o million) in l£Bs, but never disclosed
    NYT; Reuter picture  -  662 words
  • Article
    Lock icon Bank helped Chinese firms avoid strict forex controls
    295 12 Agencies BEIJING The Bank of Credit and Commerce International helped communist Chinese companies and officials avoid strict foreign currency controls to siphon millions of dollars out of China, banking sources say. The communist officials and businessmen used BCCI's Chinese subsidiary to move
    Agencies  -  295 words
  • Article
    US set to impose duties on Tokyo word processors
    295 12 WASHINGTON In a ruling that will mean steep duties on portable Japanese word processors, the International Trade Commission determined on Thursday that their sale in the US at below fair market value had hurt US producers. The ITCs final ruling was
    295 words
  • Article
    Lock icon Hashimoto fends off pressure for US-style securities watchdog
    300 12 Japanese stockbroking scandal Reuter TOKYO Finance Minister Ryutaro Hashimoto yesterday fended off mounting pressure to create a US-style independent watchdog for the securities industry that would replace Ministry of Finance (MOF) regulators. "I personally think Japan should try to eliminate the causes
    Reuter  -  300 words
  • Article
    Lock icon Pro-reform figure elected Vietnam's PM
    192 12 Agencies BANGKOK Vo Van Kiet, a leading advocate of capital-ist-style reform, was elected Prime Minister of Vietnam in a unanimous vote yesterday, the official Hanoi Radio reported. The 69-year-old Mr Kiet, who fought the French and Americans as a communist guerilla, succeeds the more conservative
    Agencies  -  192 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Wake up, it's party time!
      1278 13  -  Do Singaporeans know how to party? Most entertainment experts say no, they're too conservative. Jaime Ee and Bryan Virasami check out the truth behind the noisemakers Jaime Ee and Bryan Virasami HOW do you put together a nice party? "A bit of sushi is nice.
      Photos by Arthur Lee  -  1,278 words
    • STRAWS IN THE WIND
      • Article
        Prickly customer
        69 13 SOME people just can't* m a joke. On a recent flight, a passenger ordefeK whiskey. "Would your whiskey on the rcdßr sir?" asked the stewafejg sweetly. "No, on my HflBC please!" the visibly shdcgtf passenger replied in heaujy accented English. Unfcg&s» nately, the man did not S&8 the
        69 words
      • Article
        Small talk
        54 13 OVERHEARD al a Jattf Place outlet. Two elfcgK men were having j3 from the sound of it, treating the other. Whence waiter arrived, they ordgwgi steak. "How would yoiCjjßu your steaks done, waiter asked. "Meditupy. please," said the host; which the one being treafflt protested: "No need mc*k.
        54 words
      • Article
        Wrap up well now
        46 13 IN SINGAPORE, it's notCt£ weather that's unpredictably it's the air-conditioning. Ag* parently that has beCefta such common knowtecyt that a British travel ageacg warns would-be travellers, "io. Singapore about the peratures in tour buseC-tffctf advises them to bring weiwy sweaters along. >"-I
        46 words
      • Article
        You can't have it all
        34 13 HERE'S an astute tkm from an ficer chatting with sevepk. Singaporeans at Chang>2H£port about non-duty freg d£. arettes: "In you; now smoke less and see oioi tf-R-rated movies." Z~Z~Z
        34 words
    • SPORTS
      • SIDE LINES
        • Article
          Holmes refuses to condemn Tyson
          109 14 FORMER heavyweight champion Larry Holmes refused to condemn Mike Tyson, but said he could benefit the most if legal problems prevent Tyson from fighting current titleholder Evander Holyfield on Nov 8. "If something happened, I think it would be better for me," said Holmes on
          109 words
        • Article
          Capriati beats Gomer
          150 14 TORONTO Jennifer Capriati raced past Britain's Sara Gomer 6-2 6-3 in a third-round match at the C 5500,000 (*****,000) Canadian Open women's tennis Championship' on Thursday. "I play fast," said the third-seeded Capriati after the 50 minute victory. "It's better than having to go three sets." Gomer,
          150 words
        • Article
          Richard, Jones, Baugh lead
          92 14 STRATTON MOUNTAIN, Vermont Deb Richard, who won last weekend in a playoff, joined Laura Baugh and Rosie Jones at the front of the pack on Thursday, firing 4-under par 68s to lead the opening round of the U*****,000 (*****,000) Stratton Mountain LPGA Classic. The threesome led
          92 words
        • Article
          Cricketer's boyhood home for sale
          135 14 SYDNEY The 111-year-old timber cottage in whose garden a boy named Don Bradman developed his legendary skills with a cricket bat is expected to be sold this weekend to a buyer with a sense of history. The timber cottage with corrugated iron roof in the
          135 words
        • Article
          Gigi Fernandez in quarter-finals
          147 14 ALBUQUERQUE, New Mexico Second-seeded Gigi Fernandez used a big serve in the clutch to hold off Halle Cioffi 6-4, 7-5 on Thursday and advanced to the quarter-fi-nals of the Virginia Slims of Albuquerque tournament. It was an erratic serve by Fernandez through much of the match
          147 words
      • Article
        Lock icon Woosnam, Knox keep lead
        646 14 PGA Championship Reuter CARMEL, Indiana lan Woosnam and Kenny Knox shot 67s early on Thursday and clung to the first round lead in the PGA Championship throughout a day marred by a fatal lightning strike. Woosnam and Knox, who played when conditions were the best, held
        Reuter  -  646 words
      • Article, Illustration
        Lock icon Becker, Edberg, Sampras advance; Lendl falls
        514 14 ATP Championship AP MASON, Ohio Top-seed-ed Boris Becker beat an onrushing thunderstorm and moved into the quarterfinals of the US$l.3 million (552.2 million) ATP Championship by eliminating Malivai Washington 6-4, 6-4 on Thursday. Defending champion Stefan Edberg and US Open champion Pete Sampras also
        AP  -  514 words
      • Article, Illustration
        Lock icon S'pore has an excellent chance of winning
        452 14  -  Rolex International Polo Tournament By Susan Tsang SINGAPORE POLO may not top the average sports fan's list of priorities, but this year's International Rolex Polo Tournament at the Polo Club might change that. At least, that's what club captain Brian Miller and vice-captain
        Photo by Chris Loh  -  452 words
      • Article, Illustration
        The Shelby Futch golf instruction series
        176 14 TOPPING TO THE RIGHT: After some golfers stop topping to the left, they find themselves topping to the right. But don't worry, this means that you can finally hit the ball straight after experimenting with the turning of your shoulders and remembering to strike
        176 words
    • OPINIONS
      • Article, Illustration
        Honne-stly speaking
        761 15  -  Hong Lee Tiam argues that the recent Japan-Singapore Tourism Conference was a lost opportunity Hong Lee Tiam The writer is a BT journalist THE tourism industry has hit a bad patch, marked by the sudden drop in Japanese arrivals. And so it was that much hope and expectation
        761 words
      • Article
        Sisir: not just another certification body
        221 15  -  LETTERS TO THE EDITOR Joanne Tan Public Relations Manager Singapore Institute of Standards and Industrial Research I REFER to the letter by CL Foo of LLoyd's Register of Shipping (see this page). We would like to take this opportunity to clarify some of the
        221 words
      • Article
        Certification: what the EC will accept
        355 15  -  C L Foo Country Manager for Singapore Lloyd's Register of Shipping I REFER to the report "More companies keen on getting quality certification" (BT, July 31). It was stated that "the Singapore Institute of Standards Industrial Research (Sisir) is the local body authorised to
        355 words
      • Article
        Pelangi Beach Resort: a top resort hotel
        237 15  -  Patricia Goh Director of Public Relations Singapore Mandarin International IN the article "Idris to offer six Langkawi sites for hotel projects (BT, July 27-28), you mentioned that "currently the island (Langkawi) has only two small hotels". This is misleading as Pelangi Beach Resort,
        237 words
    • EPICURE
      • Article, Illustration
        Lock icon The many pleasures of a silver tray
        668 16  -  Rang Mahal's thali feast tickles the palate of Lucknow connoisseur Harish Mehta Harish Mehta I;T IS NOT impossible to consume a North Indian royal meal at an almost plebian price. This sounds incredible only because the consensus in Singapore is that good North
        Source: Punch  -  668 words
    • PURSUITS 1
      • Article, Illustration
        Lock icon Safe travel for the chronically ill
        1191 17  -  Yearning to go off on holiday in distant climes but afraid your neart and/or kidneys can't take it? Jane Brody shows how you needn't worry as long as you take the right precautions Jane Brody NYT A 63-year-old woman with in-sulin-dependent diabetes takes a
        NYT  -  1,191 words
      • Article, Illustration
        NEC World Junior tournament to start on Aug 15
        272 17  -  BRIDGE By Sybil Holloway THE NEC World Junior Teams Championships will iake place at the University of Michigan, Ann Arbor, from Aug IS to 22. Matt Mullamphy; who will be representing Australia in the Junior team, and his partner, Laurie Kelso,
        272 words
      • Article, Illustration
        Turning fine wine into fine investments
        858 17  -  N K Yong tells you how it can and should be done N K Yong THE possibility of making money, lots of it, on wine investments is like the candle flame which draws the moths attractive but it can burn. Public imagination is fired
        858 words
      • Article, Illustration
        Me and my robot
        738 18  -  Arnie Schwarzenegger goes from Terminator to household pet when his task is to 'sick' his master's enemy a molten monster. Jaime Ee marvels at this futuristic version of Lassie Jaime Ee LOOK! Down along the road! It's a Kenwood mixer. No, it's a carving knife. It's
        738 words
      • Article, Illustration
        All set to score a home run
        682 18  -  CD Review By RINGO LIEW SARA HICKMAN: Shortstop Every so often, a new performer comes along as a reminder that great music emerges when you sing what you feel and when you feel what you sing. Writing with the artlessness of a schoolgirl
        682 words
      • Article, Illustration
        Back to nature
        992 18  -  Young orangutans are being taught to climb trees at the Semengo centre in Sarawak. Nirmal Ghosh watches as erstwhile pets return to the wild Nirmal Ghosh DEEP in the Sarawak rain forest, a few men intently watch the antics of several hairy orangutans not to capture the
        992 words
    • PERSONAL FINANCE & INVESTMENT
      • Article, Illustration
        Product v price
        1137 19  -  Elaine Koh examines the potential of the Scotts Holdings offer Elaine Koh Everyone was impressed with the show. The Jumabhoys had pulled out all the stops in marketing their product, Scotts Holdings. Lines of smiling, orchidfestooned girls greeted the guests at the Shangri-La Hotel where the launch
        1,137 words
      • Article, Illustration
        At the crossroads of bear and bull
        598 19  -  CHART By Goh Hiang Fong Goh Hiang Fong is head of research of Lum Chang Securities Pte Ltd THE 50-DAY Simple Moving Average (SMA) on the Straits Times Industrials Index has started to cross the 100-day SMA from above, which is not a
        598 words
    • JOBS
      • Article, Illustration
        A passion for learning
        832 20  -  TT Sangeeta Mulchand meets Arun Mahizhnan, former GM of Hill and Knowlton, who has opted for a more reflective sort of vocation Sangeeta Mulchand A THICK purple book on public relations, the sole visible legacy from his previous job, sits placidly on a sparsely filled shelf.
        832 words
      • Article, Illustration
        Lock icon Assessing performance and making it work
        579 20  -  Feel like quitting because you got yourself a job you didn't bargain for? Wait a bit, says S N Vasuki. The solution may be at hand S N Vasuki YOU HAVE just joined a company as a middle-level manager. During interviews preceding the appointment,
        Photo by Chris Loh  -  579 words
      • Article, Illustration
        EXECUTIVE MOVES
        269 20 The United Overseas Bank (UOB) Group has appointed Mr Richard Allan Yeh as First Vice President and Chief Executive Officer of its wholly-owned merchant bank subsidiary, United Merchant Bank Ltd. Mr Yeh has been working in the banking and financial industry for the past 13 years. He has
        269 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1138 21 CHy Ma MuM Flight QF81 SQ19 KL837 NZ21 SQ338 GF148 ETA 820 )755 255 1820 2030 1000 GA890 SQ227 QF82 RJ183 SQ24 KL838 SQ38 GA890 NZ22 0 2 2 0 0 2 2 _2 1 ETD 050 200 200 030 100 240 330 350 930 GA525/
      1,138 words
    • THE TRAVEL PAGE
      • Article, Illustration
        An island of faith called Ap Chau
        643 21  -  LETTER FROM HONG KONG By Jeremy Wagstaff THERE arc few people under 60 years old on this tiny island of Ap Chau. But still they kick up enough noise during prayers to drown out the sea and set the dogs barking. An old
        643 words
      • Article
        MONEY CHANGER RATES
        154 21 As at 3pm on Aug 8: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3426 1.3600 Canadian dollar 1.4840 1.5140 NZ dollar 0.9770 0.9968 Sterling pound 2.9400 2.9790 US dollar 1.7168 1.7208 Local dollars to 100 uits of liid|i taneucy Austrian schilling
        154 words
      • Article
        WORLD TRADE EXHIBITIONS
        62 21 Duration Title Venue Organiser Td Duration Title Venue Organiser Aug 18-20 International Germany Mode Woche- *****1990 Aug 21 Building Hilton Inter- The Institute Fashion Fair Munchen GmbH 22 Profitable national Kualaof International Brands Lumpur Research Aug 20-31 Izmir Turkey Izmir Fair *****150 Aug 24-28 International Frankfurt, MeaK
        62 words
    • TIME OFF
      • Article
        THEATRE
        70 22 SSO Concert Guest Conductor: Shalom Ronly-Riklis. Soloists: pianists Dennis Lee and Toh Chee Hung. Bernard Tan's Sinfonietta No 3 will be premiered. Victoria Concert Hall. Aug 16 17 at 8.15pm U Granges Brulees (1974) A woman's body is discovered near a farm in the HautJura mountains and the investigation
        70 words
      • Article, Illustration
        EXHIBITIONS
        149 22  -  Compiled by K Jayanti Artist's Safari The latest collection of paintings by Chew Choon, inspired by his most recent visit to Africa. Elephants, lions, gazelles, cheetahs and many other species are re- vealed in their natural habitat. The National Museum Art Gallery. On till Sunday. 9am5.30pm. Sculpture of Yuyu
        149 words
    • Article, Illustration
      CINEMA
      702 22 Atamal Tie me up or tie me down. Doesn't really matter, I'm not doing much anyway. A loonie abducts a porn star (maybe not so loonie, he could have kidnapped a head of lettuce) and tries to convince her that there's more to a rope than skipping with it.
      702 words
  • Page 13 Advertisements
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      136 13 ES Of 0 CI 24-hour Loan Information Se*v» Approval 3i 3j 4 3 51 8; 8 B BMeß^Bb 1 9&. -y> \•X^Hnc^a^ljMH,^ 888 Available Exclusively SINGAPORE: Burberry* Main Stoop: #BI -01/02 Palais Renaissance Shopping Arcade. 390 Orchard Road. Singapore 0923 Tel *****13 < Burberry* Stiop-ln-Sbop: HALLEVS DAIMARU SOGO AutfMxiaed Dealer*:
      136 words
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  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      63 14 DOONESBURY by garry trudeau lz= BV HOUI MCE OF YOU SPSAKJN6 OFOIPARMY BUPPIES, BQf, YOU HAVE r=™ W CHECK IN! I HOPE ANOTHER ONE JUST SHOWEP UP. THE MOST HI, )OM B&N HAVING I'M 9URE YCtfIVUJANT TO 6GT HI, SOLPI&R! CONSCJSNTKXB BABE., FUNIMHYOUZOLP CAUGHT UP, 50 WHY PONT I PUT
      63 words
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      Page 15 Advertisements Column 1
      112 15 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. mßHmm COOL. COOLER. For around 400,000 dollars less than a Porsche 911, you can acquirc something much cooler. The Electrolux mini Cool. Totally noiseless. Available in
      112 words
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      Page 15 Advertisements Column 2
      3 15 Doonesbury, EL 2
      3 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      933 16 WHERE TO WINE. PINE AND ENTERTAIN WHERE TO WINE, DINE AMP ENTERTAIN WHERE TO WINE, PINE Why worry about breakfast or lunch on I Enjoy a lazy Sunday morning? Come down TK» riiLnrt for brunch with your whole family and f feast on a delectable spread of hot I Cantonese-Thai
      933 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      210 17 AND ENTERTAIN Tea cum Bridal Workshop Prepare for your wedding during this beautiful presentation every Sunday in August. From 2 to 5 pm. $18.50++ per person. At the Connaught Room, level 2. August 4 Irene's Creation August 11 Bridal Bazaar August 18 Yumi Katsura August 25 Bridal Bazaar Fashionshow at
      210 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      181 19 ij JOIN US IN THE BT INVESTMENT RACE CONTEST. WEIL 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 market with a $100,000 capital base. The rule of
      181 words
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      Page 19 Advertisements Column 2
      214 19 A P' g&bj? A 'zrJjLtri^t■£** .x/fS •**</'v< *<&*. 4SSk m^vv*.*■»>*?• '->* >*fi IPS*f>*& ,?-u ,V>;i //> L^Tvi rv^ Quick and Easy. Get instant cash for your shares over the counter at any of our 28 branches Scripless Counters are also acceptable Loans from $2,000 to $100,000 Borrow for one, two
      214 words
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      486 20 BUSINESS TIMES |vI■■AWM■PIP■ A ill H H I V i H| H Jl■■Bl■ I I H H H TELEPHONE: 730-59 3 7/5902/5942 FAX: 734-4982 1 GENERAL MANAGER 1 I An established branch office engaged in trading of electrical and telecommunication products seeks a General Manager to run the Singapore I
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      Page 20 Advertisements Column 2
      163 20 DHL IN THE NEWS Advertisement DHLS PLANNED DISTRIBUTION STREAMLINES DELIVERIES DHL has gone beyond own warehousing facility. On speed parts and materials just meeting the urgent delivery another level, DHL can provide direct from just one central needs of business, and is companies with a break-bulk warehouse. actually helping companies
      163 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      38 21 Johan, fly Finnair if you're going to Stockholm Swede home. Because Finnair gets you home at 0755 in the morning or onto over 30 other European destinations. Call *****77 for details. We know Europe from start to Finnish.
      38 words
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      Page 21 Advertisements Column 2
      27 21 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.
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      Page 21 Advertisements Column 3
      55 21 Wearnes' global network How safe is your car? Schools for CEOs Dream Hoi inq Available at your local newsstands and at all Times The Bookshop outlets: Centrepoint. Plaza Singapura. Raffles City, Specialists' Centre Basement, Lucky Plaza, United Square. Marina Square, OUB Centre, Holland Village. Colombo Court, World Trade Centre, Kensington
      55 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      177 21 5 at a lively p^27 Fit when the game has fin- 7 a down-and-out is quite 24 Express a desire, well, ofished (5,2) overcome (4-4) ten gninted here (4) 28 In the shopping centre a g Odd fellow with perverse tramp will beg (7) sneer in the island (8) YESTERDAY'S
      177 words
    • Miscellaneous
      Page 21 Miscellaneous Column 2
      155 21 World report Asia-Pacific Hi/Lo* Cood. Auckland 16/12 Showers Bangkok...» 31/24 Showers Be'jing 32/24 Clear Brunei 33/24 Fair Hongkong 32/28 Clear Jakarta 32/23 Fair Kuala Lumpur 32/23 Fair Manila 31/26 Fair Melbourne unav Perth 18/11 Cloudy Seoul 31/21 Rain Sydney 17/10 Clear Taipei 35/27 Windy Tokyo 3(V23 Clear Wellington unav Europe
      155 words
    • Miscellaneous
      Page 21 Miscellaneous Column 3
      25 21 A npy r^g-ms e>£ u)»Tv4 IH MINUTe, F* 6RISTOU) 1 JUSt KC^CV THE: comppiMv LOGO ri < u. 3491 o EVENING STANOARD CO. LTIL. IM2-IMI Mu,
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      1533 22 TODAY'S TV *j®2 Tre 17 00 MM rt°i I iT 12.15 PM The Return to Traa- «> sure Istoad. J J| Ltmairaa Sarawak. J LVT" r HHB pS (Pt 3) 3.00 Rlang Ria Bersama Anda. 3-40 Mafalah Sabah. 4.00 Aagkasapurl's Youth .««RT 6.00 News (M). 6 30 With the Qnran
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      516 22 MOVIES ON TV Tha Boat, Mm, 10.30pm, Baby Boom, Wad, 9.3opar SBC 12 SBC 5 Also known as Das Boot, it may be a bit irrelevant Highly acclaimed German now in the post-yuppie demovie by Wolfgang Peterson, cade, but Diane Keaton does Action-packed feature about a pretty good job anyway
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