The Business Times, 28 September 1991

Microfilm: NL17689
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 16/12/90 Weekend Edition, September 28-29 1991 75*
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  • NEWS & MARKETS
    • Article
      Bush to announce historic defence strategy
      59 1 WASHINGTON President George Bush was expected to announce US defencc strategy changes of "incredible proportions" in a televised speech at midnight GMT last night, the White House announced. The Washington Post reported yesterday that Mr Bush planned to propose reducing and eventually eliminating US
      59 words
    • Article
      Dow higher
      44 1 THE New York stock market turned upward yesterday, rebounding from the modest decline of the past two sessions. The Dow Jones average of 30 industrials, down 11.85 points on Wednesday and Thursday, recovered 6.04 to 3,023.26 in the first hour of trading.
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    • Article
      Footsie lower
      30 1 LONDON Share prices were marginally lower on the London Stock Exchange yesterday morning. At 1115 GMT, the Financial TimesStock Exchange 100-share index was down 1.1 points at 2,594.5.
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    • Article
      G K Goh earnings dip
      25 1 STOCKBROKER GK Goh Holdings Ltd yesterday announced a drop of 40.3 per cent in its annual net earnings Page 3
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    • Article
      Chuan Hup profit up
      31 1 CHUAN HUP Holdings has surpassed market expectations Png up a 10 per cent in net earnings to 1 million for the year le 30, 1991. Page 4
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    • Article
      A need to integrate
      34 1 ASEAN, given its cheap labour now, is able to remain very competitive. But, it would one day still need to integrate its economies, said a European Community official. Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 671.20 +1.20 Kuala Lumpur ....530.70 4.0 Tokyo 23,969.47 +1.39 Hongkong 3,938.72 +10.74 Sydney 1,555.8 -12.7 Thursday Change New York 3,017.21 -3.81 London 2,595.62 -2.2
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    • Article
      CURRENCIES
      24 1 Exchange rates US$ SS 1.6935 100 Yen SS 1.2652 MS SS 0.6159 MoiMsy market rates Overnight 4 3/8 unch 3-month 4 3/4% +1/16
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    • Article
      COMMODITIES
      39 1 I oorton Gold AM fix USS348.40 -USS3.90 Rubber S'pore Oct.... 136.25Vkg +0.50 M'sia Oct 222.00Vkg +0.05 KL Tin Turnover 76 tonnes +39 Spot MS 14.85 /kg -0.01 Crude palm oil Turnover 1,175 lots +104 Nov MS801 /tonne -5
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  • Article
    SCS offers 34.25 m shares on two different systems
    555 1  -  Half of the shares will be tendered in a Dutch auction By Carolyn Lim SINGAPORE Singapore Computer Systems (SCS), the first company to be listed on the Stock Exchange of Singapore using a combination of the fixed price and Dutch auction
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  • Article, Illustration
    Tokyo doubts reasons behind Honshu stock purchases
    445 1  -  Rise in stock price quite extraordinary: TSE chief From Koichi Ishiyama in TOKYO JAPAN'S chief securities investigator has told a parliamentary committee that the Finance Ministry has "serious doubts" about the reasons behind the huge purchases and price movements of Honshu Paper Co
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  • Article
    Lock icon MUI eyes stockbroking firm and merchant bank
    250 1 Bernama KUALA LUMPUR The Malayan United Industries Bhd group has long-term plans to eventually include a stockbroking firm and a merchant bank in its fold to effect a supermarket concept in the provision of financial services, said Berita MUI, its in-house publication. This
    Bernama  -  250 words
  • Article
    Brother's dumping charge dismissed
    508 1  -  Firm had accused Smith Corona of dumping S'pore typewriters By Schutz Lee SINGAPORE The US Commerce Department has dismissed Brother Industries' charge that American-based Smith Corona was dumping its Singapore-made typewriters in the US. The US trade body had announced on Thursday its rejection of the
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Lim Boon Heng to head NPB, NPC
        64 2 LIM BOON HENG, Senior Minister of State for Trade and Industry, will be appointed as chairman of the National Productivity Board and the National Productivity Council on Q?t 1. Mr Lim takes over from Mah Bow Tan, who was previously the Minister of
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      • Article
        POS Bank to cut interest rates
        99 2 POSBANK. will reduce its interest rates on savings accounts by a quarter percentage point from this coming Tuesday, Oct 1. The new savings rates offered at POSBank are 4.25 per cent for balances up to $100,000 and 3.25 per cent if the balance exceeds
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      • Article
        Shipping mission to Europe
        84 2 REPRESENTATIVES from seven shipping companies and six government agencies will leave today on a week-long promotion mission to London and Oslo in Norway. Among the delegates are representatives from Sembawang Johnson Management, Thome Ship Management and Steamers Maritime Holdings. Teh Kong Leong, director of the Marine
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      • Article
        Westinghouse sets up RHQ
        42 2 WESTINGHOUSE Process Control Asia, the wholly-owned subsidiary of Westinghouse Electric Corporation of the US, has launched its regional headquarters in Singapore. The company said yesterday the RHQ will cover India, China, South-east Asia, Japan, Korea, Taiwan and Hongkong.
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      • Article
        New phone charges fair: Case
        92 2 THE Consumers Association of Singapore (Case) yesterday said that time-based charges for telephone calls are fair. It welcomes the government's decision to review the system between three and six months after it is introduced in December this year. Case's response comes after the announcement by
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    • Article
      3 buildings worth $31m opened
      310 2  -  By Rahita Elias THREE new facilities, representing a total investment of $31.5 million, were officially opened yesterday. Heading the list was GATX Terminals, a threeway tie-up by GATX Terminals Corp of the US, the Port of Singapore Authority, and Jurong Town Corporation. The chemical storage
      310 words
    • Article
      No interest in SICC presidency: David Wong
      111 2 DAVID WONG CF, who was mentioned in a BT article relating to a move to replace Singapore Island Country Club president Low Siow Whatt, has clarified that the motion tabled at last night's SICC meeting did not name him as a possible replacement
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    • Article, Illustration
      A new challenge for media owners
      265 2 MEDIA OWNERS are facing a new challenge, that of a more complex media audience, said Singapore Press Holdings chief operating officer Denis Tay at a dinner hosted yesterday by SPH for delegates to the International Institute of Communications conference. He said: "Duplication and splintering
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    • Article
      BBH puts in top bid at Terminal 1
      231 2  -  By Hong Lee Tiam A CONSORTIUM compromising FJ Benjamin, Bluebell, and Frankfurt's Gebr Heinemann have put in the top bid for the two fashion wear concessions at Terminal 1 departure lounges. The consortium had given up the concession in August after having
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    • Article
      Wearnes launches acupuncture-based pain-reliever
      244 2 IT LOOKS like a sleek Walkman and acts like an electronic massager to ease pain. It is claimed to be the world's first health-care product to use two theories of pain relief. And it is the result of the Trade Development Board's scheme to encourage good
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      520 2 1% No Berth Arrival Departure tot* Voy No Berth Vrwal Depart#* Marina Terminal 1 Baton Maju *****1 M04 27.09/2300 Btfamindo 1 100S MOl atongade 27.09/1700 Brastagi 20/91 M02 alongside 27.09/2300 Mahkota Exp *****1 M04 alongside 27.09/2300 .Sror Batam S8118 M05 alorgsifc 27.09/2300 Sii T| Sari STll M05
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    • Article
      CONTAINER SCHEDULE
      969 2 reCEIVINC Of EXPORT FCt CONTAINERS AND LCL CARGO u u. ru R,card Bookinf/Bilance Rstts v ®y Ett/Wr Period From To From i 15! 28/1800 1 27/1500 27/1659 27/1900 8hum 110S 29/1500 J 27/1500 27/1659 27/1900 1 28/0700 28/1159 28/1400 30/1000 4 28/1200 28/1459 28/1700 *aten Sea 127E 29/0700
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  • COMPANY NEWS 1
    • Article
      L & M earnings rise 41pc, Guthrie GTS up 27pc
      337 3  - L M earnings rise 41pc, Guthrie GTS up 27pc Construction-based firms in the pink By Elaine Koh SINGAPORE L&M Group Investments and Guthrie GTS, two construc-tion-based companies which have ventured into regional markets, have both shown a boost in earnings. n Specialist contractor L M's net earnings jumped 41 per
      337 words
    • Article
      G K Goh latest broker to show Gulf-affected bottom-line
      362 3  -  By. Quak Hiang Whai SINGAPORE In another instance of the malaise hitting the broking industry, <3 K Goh Holdings Ltd yesterday announced a drop of 40.3 per cent in net earnings for the year to end-June 1991. V Hit by low
      362 words
    • Article
      ANA Hotels sinks deeper into the red
      279 3  -  JL Sangeeta Mulchand SINGAPORE The impact of the Gulf crisis on tourism has resulted in further deficits for ANA Hotels Singapore, with the company reporting a net loss of $3.6 million at half-time, up from last year's corresponding figure of $549,400. Turnover for
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    • Article, Illustration
      How will 'going Dutch' be greeted by foreign investors?
      570 3  -  The Singapore Computer Systems share offer By Claire Leow SINGAPORE How foreign investors would respond to the tender system for Singapore Computer Systems shares was the question uppermost in the minds of analysts after they attended the presentation of the share
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    • Article
      Straits Trading fares poorly on weak tin prices
      251 3 SINGAPORE The Straits Trading Co reported dismal results, citina weaker tin prices and a fall in tin contracts secured. Group turnover fell 44 per cent to $53.8 million for the six months ended June, compared with $96.2 million over the equivalent period
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    • Article
      Metal Containers incurs $7m loss
      239 3 SINGAPORE Losses from computer printer and printed circuit board assembly operations have once again dragged Metal Containers into the red. For the year* ended June 30, 1991, the packaging group suffered an after-tax loss of $7.21 million, compared with a deficit of $8.13 million in
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    • Article
      Amtek acquiring 9.5 pc stake in Microlite
      122 3 SINGAPORE Sesdaq-listed Amtek Engineering is acquiring a 9.5 per cent stake comprising 190,000 $1 shares m electronics manufacturer Microlite Electric from Bettini Trading. Amtek also has an option, expiring on Jan 31, 1993, to buy an additional 829,890 Microlite shares. The selling price
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    • Article
      Horiguchi group earnings fall
      77 3 SINGAPORE Horiguchi Engineering, also quoted on Sut* daq, has reported that its interim group earnings have by nearly half to $250,000 for the six months ended June 30, 1991 against $410,000 previously. The company said its profits were weighed down by substantial start-up operational losses incurred
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    • Article
      Wepco posts $618,000 loss
      81 3 SINGAPORE Sesdaq-hsted Wepco has posted a group net loss of $618,000 for the six months ended June 30 1991 against net loss of $902,000 previously. The company said that the improvement would have been better if not for the effects of the Gulf crisis. Group turnover
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    • Article
      MBf gets nod for Samanda stake
      38 3 KUALA LUMPUR MBf Holdings Bhd informed the Kuala Lumpur Stock Exchange that it has received approval from the Foreign Investment Committee to acquire a 31.9S per cent stake in Samanda Holdings Bhd.
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    • Article
      Price for Parkway warrants
      67 3 SINGAPORE Parkway Holdings Ltd has announced an exercise price of $1.35 for the six million <VtachaMf warrants to subscribe for new 50 cents shares in respect of its proposed US$5O million Unsecured Floating Rate Notes Issue. It also reminded shareholders to deposit their share certificates with
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    • Article
      Two more CPF trustee stocks
      79 3 SINGAPORE Wing Tai Holdings and Transmarco Ltd Me the latest additions to the Central Provident Fund Boanfi (CPF) list of trustee stocks. With these additions, CPF members can now invest in 105 trustee stocks, one convertible loan stock and 4 unit trusts approved under the
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    • Article
      Time Warner hoping to sign on a partner soon
      100 4 NEW YORK Time Warner Inc chairman Mr Steven Ross has said he hopes to complete a deal on a strategic alliance by the end of 1991. He did not immediately elaborate in response to a question from a shareholder at the
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    • Article
      Yamaha's Indon investment
      56 4 JAKARTA PT Yamaha Motor Kencana Indonesia will invest US$l6O million to step up production of motorcycle components in Indonesia, according to a press report yesterday. The Jakarta Post quoted YMKI president Mr Takenori Takada as saying US$3 million (Sss.l million) would be used to set up a
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    • Article
      Brazil steelmaker's stock sales
      110 4 RIO DE JANEIRO Brazilian authorities have said stock sales in the state-owned steelmaker Usiminas the seventh largest in the world will begin on October 15, now that the Supreme Court has approved the privatisation. The sale of Usiminas stock is part of President Fernando Collor de
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    • Article
      Cont'l Bank, IBM in sales deal
      51 4 CHICAGO Continental Bank Corp has reached a preliminary agreement with International Business Machines for the sale and operation of most of Continental's information technology operations. The proposed 10-year agreement is expected to be completed by the end of this year. Terms have not been
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    • Article
      Lock icon Brewer Asahi has hard time keeping market share
      447 4 FT TOKYO Asahi Breweries, the Japanese brewer which doubled its market share and changed traditional marketing methods by inventing dry beer, is having difficulty maintaining its position. Its shipments have been flat year-on-year for the first eight months of this year, while
      FT  -  447 words
    • Article
      Lock icon Poor Rolls Royce sales drive parent Vickers into the red
      250 4 AP LONDON With barely more than 400 sales of its luxury cars in Britain this year, Rolls-Royce has driven its parent company into the red. Parent Vickers pic says the recession and a new 10 per cent American luxury tax
      AP  -  250 words
    • Article
      Chuan Hup reports lOpc rise in year-end earnings
      592 4 Marine-based group recovers from 53pc fall at half-time SINGAPORE Chuan Hup Holdings has recovered from a poor first-half performance to end the full year with a 10 per cent rise in net earnings to $9 million. The marine-based group had reported a
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    • Article, Illustration
      Lock icon Soft market may change CRA's profile yet again
      528 4 MARKET TALK IHT MELBOURNE The earnings profile of Australian mining conglomerate CRA has changed dramatically, with the closure of its huge copper mine on Papua New Guinea's Bougainville Island and falling demand for aluminium. The profit of CRA which is 49 per
      IHT  -  528 words
    • Article
      Lock icon McDonald's sees higher third quarter results but no sign of end to recession
      381 4 Reuter NEW YORK McDonald's Corp expects higher third ipiln rente baft sees no evidence of a tnanwd in consumer spending, chief financial officer Jack Greenberg saM. Third qmuler earnings and sales "will be ap over last year**,
      Reuter  -  381 words
    • Article
      Lock icon HK firms to buy Sansui stake from Polly Peck
      432 4 AFP HONGKONG Two Hongkong companies chaired by Macau casino tycoon Stanley Ho announced yesterday an agreement to acquire up to SI per cent of Japan's Sansui Electric Co Ltd from bankrupt British group Polly Peck International pic. The accord marks the
      AFP  -  432 words
    • Article
      Deregulation may bring oil dealers 2.5b baht more
      299 4 BANGKOK Dealers and companies in the Thai oil industry could earn an extra 2.5 billion baht (S$l6S million) following the deregulation of the local oil market, the Bangkok Post has reported. Deregulation has enabled traders to set their own marketing margins. And
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    • Article
      Lock icon British Aerospace to keep ousted chief on payroll until '93
      404 4 FT LONDON British Aerospace will continue to pay ousted chairman Sir Roland Smith substantial consultancy fees, likely to be £300,000 (S$900,000) a year, until May 1993, even though he has been removed from the helm of the UK automotive and
      FT  -  404 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      331 3 Matsushita brings his N national, humanistic perspective to bear on ;j "t" 'i nil issues tohich concern ;J from personal j development, through J wmrnmrrmmm j international jHF relations. Whether or j not you always agree, impossible to ignore. j The inspiring story of K9SSMIHHR 1 one of our greatest
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      137 4 BUS I N ES S T I M E s hrtcnotioid Coitoiitf Operator requires To add marketing punch to a newty established service, the incumbent is expelled to formulate and implement aggressive and imaginative sales and marketing strategies to meet objectives and to increase the company's market share. Especially important
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  • FINANCIAL NEWS
    • Article
      Lock icon Canadian investors take legal action against Lloyd's
      306 5 Reuter TORDNTO A group of 70 Canadian investors launched legal action on Thursday against Lloyd's of London insurance market. The group alleges fraudulent misrepresentation in connection with two investment syndicates that has left the group with liabilities of Cs3o'million (5544.7 million) to Csso
      Reuter  -  306 words
    • Article
      Lock icon Salomon faces SEC probe over possible forex manipulation
      303 5 Reuter WASHINGTON Salomon Brothers received another dose of bad news as the Securities and Exchange Commission (SEC) said it was investigating possible manipulation of the foreign currency market by the beleaguered brokerage firm. Salomon is already under investigation by the SEC, the
      Reuter  -  303 words
    • Article, Illustration
      US dollar still trending downwards against mark
      482 5 DBS Bank weekly currency review US$/DM: Bears still in sight... The US dollar rose to a high of 1.6992 last Friday, just short of the resistance at 1.7015, and then reversed to reach a low of 1.6625 by Tuesday. The rest of the
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    • Article
      Singapore branch of KOP exceeds targets
      306 5  -  From Sharon Lau in HELSINKI THE Singapore branch of the Finnish bank Kansallis Osaka Pacific exceeded its targets last year, according to a senior official at the bank's Helsinki headquarters. But prospects for the branch depend on the investment policies of Finnish companies, says
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    • Article, Illustration
      Lock icon Tokyo Bill to halt kickbacks passes Lower House
      416 5 UPI TOKYO A Bill aimed at halting kickbacks for stock market losses passed Japan's House of Representatives yesterday despite complaints that the penalties are too weak to restore confidence in the scandal-wracked industry. The government-backed Bill was unanimously approved by the Lower
      UPI  -  416 words
    • Article
      Lock icon Whiff of financial scandal now hits rural Japan
      268 5 FT TOKYO After fouling the air of Tokyo and Osaka for many months, the whiflf of financial scandal has reached one of the most rural corners of Japan. Takamatsu, a farming town in western Japan famous for its noodles, has been shaken
      FT  -  268 words
    • SMALL CHANGE
      • Article
        US brokerages post 84pc rise in profits
        101 5 NEW YORK Profits of US brokerage houses soared nearly 84 per cent in the second quarter, the New York Stock Exchange (NYSE) said on Thursday, indicating that the industry continues to recover from 1990's worst-ever earnings. The NYSE said profits of its member
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      • Article
        Regulation of automated markets
        56 5 WASHINGTON Regulators at an international securities conference backed shared jurisdiction for regulating increasingly automated global markets. Speaking on a panel at the International Organisation of Securities Commissions, United States National Association of Securities Dealers Inc president Joseph Hardiman proposed that regulators work on coordinating regulatory requirements,
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      • Article
        Citicorp involved in US probe
        50 5 NEW YORK Citicorp said it is cooperating with the United States government's investigation into US bond market practices, but it declined to comment on a published report that its primary dealer, Citicorp Securities Markets Inc, had acknowledged to authorities that it had committed minor violations.
        50 words
      • Article
        Nat West may acquire life group
        66 5 LONDON National Westminster Bank pic is expected to join the ranks of its competitors which have acquired life assurance companies in order to sell products directly to their own customers. Nat West officials declined to comment on takeover speculation, but sources said an announcement
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      • Article
        Paribas profits plunge 48pc
        79 5 PARIS Compagnie Financiere de Paribas on Thursdav reported a 48 per cent drop in profits, with the group-share net profit for the first half of the year at 1.3 billion francs (SS3BB million) against 2.49 billion francs for the same period last year. But Paribas sources
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      • Article
        EIB plans Aussie $ bond issue
        55 5 EIB plans Aussie bond issue SYDNEY The.European Investment Bank (EIB) plans to raise between AS3SO million (***** million) and Assoo million in the hrst domestic bond issue by a foreign issuer, dealers said yesterday. They said the issue," with an expected maturity of October 2001. could be priced on Tuesday
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      667 5 A KUWAIT ASIA BANK E.C. I I I (Incorporated in Bahrain) 8 CONSOLIDATED STATEMENT OF CHANGE I IN FINANCIAL POSITION B 1990 1989 For the year ended 31 December 1990 B (C«pw««U In Ihomanda <X U.S. tkttars) US> 000 USS 000 1990 1989 B (Expressed In thousands of U.S. dollars)
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  • THE REGION
    • NOTE BOOK
      • Article
        US won't end military presence in Asia-Pacific
        102 6 CANBERRA The United States has no intention of ending its military presence in the Asia-Pacific region, a senior US Defence Chief said yesterday. "Military disengagement from this region has never been seriously contemplated by the US government," David Jeremiah, vice-chairman of the Joint
        102 words
      • Article
        Progress in Hongkong talks
        108 6 LONDON British and Chinese negotiators ended three days of talks on Thursday on the transition of Hongkong to China in 1997 and reported significant progress on several key points. The 20th session of the Sino-British Joint Liaison Group (JLG) discussed a wide range of issues but
        108 words
      • Article
        HK investors offered citizenship
        111 6 BASSETERRE, St Kitts The government of St Kitts and Nevis is offering Hongkong investors citizenship in exchange for investments in this tiny Caribbean nation, the prime minister said. In a radio speech to the nation last week, Kennedy Simmonds said citizenship is being offered to "a
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    • Article
      Lock icon US envoy calls for cuts in Third World military spending
      297 6 Reuter GENEVA US ambassador Morris Abram told developing countries on Thursday they could help meet their own needs for capital by cutting back on military spending and checking corruption. In a speech to a meeting of Unctad, the United Nations
      Reuter  -  297 words
    • Article, Illustration
      Lock icon Taiwan seeks to win back US orders
      432 6 Exports to America drop by 9.4 pc to USs22b Reuter TAIPEI Taiwan, alarmed by its falling share of the US export market, will launch a promotional blitz to win back orders lost to China and South-east Asian competitors, officials said. Taiwan's exports to
      Reuter  -  432 words
    • Article
      Lock icon Asean must integrate its economies: EC official
      436 6 Bernama KUALA LUMPUR Asean, which has been able to prove the competitiveness of its products after switching from import-substitution to export-led industries, would one day still need to integrate its economies, a European Community official said here yesterday. "The fact that the Asean
      Bernama  -  436 words
    • Article, Illustration
      Lock icon Manila group to collect 4.5 m referendum signatures
      519 6 AP MANILA A coalition of base workers and politicians promised on Thursday to gather 4.5 million signatures to hold a referendum on overturning a Senate decision closing the last US military base in the Philippines. President Corazon Aquino called for a "people
      AP  -  519 words
    • Article
      Lock icon Seoul plans to increase Budget by 24pc
      215 6 Reuter SEOUL The South Korean government plans to increase its Budget in calendar 1992 to 33.51 trillion won (5576.4 billion), up 24.2 per cent from the original 1991 Budget, the government's Economic Planning Board (EPB) said. The rise would be the largest since
      Reuter  -  215 words
    • Article
      Lock icon Indonesia wants to promote more growth triangles
      202 6 Bernama JAKARTA Indonesia fully supports the development of growth triangles in Asean and the Asia-Pacific region to help accelerate regional economic growth, Indonesian Trade Minister Arifin Siregar said. Indonesia would promote the growth pattern across the country in cooperation with neighbouring countries, he
      Bernama  -  202 words
    • Article
      Thailand's economic growth seen at 8pc
      216 6 BANGKOK Thailand's economic growth this year is expected to be only 8 per cent because of the ongoing economic slowdown in the second half, says the Bank of Thailand deputy governor Rerngchai Marakanond. Earlier forecasts put economic growth at 7.9 per cent in the
      216 words
    • Article
      Lock icon Viet economy straggling with loss of Soviet aid
      674 6 Reuter HANOI Vietnam's economic planners might have hoped the worst was over when long-time patron Moscow completed the withdrawal of most of its economic aid in 1990. But with the Soviet economy falling into ever greater disarray, Hanoi is seeing its own
      Reuter  -  674 words
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  • THE WORLD
    • Article
      Lock icon European computer firms call for survival strategy
      415 7 FT VENICE Leaders of Europe's ailing computer manufacturing companies on Thursday called for action from Brussels to ensure the survival of a significant European information technology industry. The chief executives of Groupe Bull of France, Olivetti, of Italy and SiemensNixdorf of Germany united
      FT  -  415 words
    • Article
      Lock icon Saudi Arabia threatens to leave Opec
      287 7 FT GENEVA A serious rift enlarged in the ranks of the Organisation of Petroleum Exporting Countries meeting this week here when Saudi Araflbia, the world's biggest oil exporter, threatened to leave theucartel. The threat from Hisham NaZer, the Saudi Oil Minister, came after hours
      FT  -  287 words
    • Article
      Lock icon Most of E German firms can be sold: Treuhand
      175 7 AFP BERLIN At least 70 per cent of the 7,000 eastern German companies still in the hands of the Treuhand privatisafion agency can be rationalised and saved, Treuhand president Birgit Breuel said here on Thursday. Ms Breuel, giving an upbeat report
      AFP  -  175 words
    • Article
      Lock icon Switzerland must open markets more, says Gatt
      247 7 Reuter GENEVA Gatt says Switzerland would have to open its markets to more foreign competition to keep pace with rapid changes in world trade. The country's rigid administration measures and widespread price and production cartels impeded imports and shielded established traders from newcomers,
      Reuter  -  247 words
    • Article, Illustration
      Window to the future
      53 7 ORACLE, Arizona Eight 'biospherians' looking out from a window of their isolated new world the Biosphere 2 where they will be self-contained for the next two years, tight men and women will conduct studies in recycling in the closed ecosystem. The experiment, conducted north of Tuscon,
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    • WORLD WATCH
      • Article
        IMF to allow USSR to join as associate
        71 7 WASHINGTON The International Monetary Fund has decided to allow the Soviet Union to become a "special associate" and draw on the organisation's expertise in overhauling its battered economy. All Moscow has to do is ask for it. As a special associate, it
        71 words
      • Article
        Japan fund eyes China venture
        74 7 Jap n s 9 v erseas Economic Cooperation Fund (UfcLh) is considering investing in a joint venture to develop an industrial zone in Dalian in north-eastern China. The venture, to be capitalised at two billion yen (about Ss2s million), will be 20 per cent owned
        74 words
      • Article
        Premier's resignation accepted
        37 7 MOSCOW Armenia's parliament has accepted the resignation of Prime Minister Vazguen Manukian. Mr Manukian who announced his resignation on Wednesday, said he was opposed to Armenia's participation in inter-republic structures in the Soviet Union.
        37 words
      • Article
        Beijing against Taipei joining UN
        58 7 BEUING China has rejected rival Taiwan's attempts to gain membership in an international trade group and suggestions that it join the UN. US President George Bush said in July that he supported Taiwan's application to join the General Agreement on Tariffs and Trade, and would
        58 words
      • Article
        US, Lanka sign economic pact
        42 7 WASHINGTON The US and Sri Lanka have reached investment and intellectual property agreements to avoid double-taxation. The investment agreement encouraged reciprocal protection for investments that include transfers of investment-related funds and a settlement mechanism to resolve disputes.
        42 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      212 7 The Asian Wall Street Journal is back on the street. On October Ist, 1991, The Asian Wall Street We hope that this procedure will be equitable Journal will resume circulating 2,500 copies daily in for all who seek a copy of The Asian Wall Street Singapore, the maximum currently allowed
      212 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Stocks end slightly up in directionless market
      4852 8  -  By Carolyn Lim MARKET PLAYERS yesterday clung on to their purse strings and hopes of a better week ahead as the Straits Times Industrial Index dragged itself up a miniscule 1.15 points to finish at 1,373.1 1. It was the end of a
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4005 9 Main Board SIA Foreign 1970 40 2.1% CMB Packaging 402 +20 +5.2% SPH Foreign 1310 +20 +1.6% H Negara 378 +18 +5.0% PM Hldgs 248 +13 +5.5% OCBC Foreign 1030 +10 +1.0% City Dev 50« 328 +8 +2.5% NatStcel 50* 430 8 +1.9% Robinson 466
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market closes steady as sentiment stays firm
      2203 10 Reuter TOKYO STOCKS closed virtually unchanged yesterday with profit-taking offset by continuing hopes of easier credit. The Nikkei cruised above the 24,000 level for most of the day before slipping back on lower bond prices and a weaker yen, but brokers said sentiment
      Reuter  -  2,203 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks end higher on selective buying
      1786 10 Reuter HONGKONG STOCKS yesterday finished slightly higher in slow trade focused on selected blue chips. "There is not a lot going on. Most buying interest is focused on Hongkong Telecom and Citic," said Anthony Mak, vice-president at Citicorp Vickers. The blue-chip Hang Seng Index
      Reuter  -  1,786 words
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      Page 10 Advertisements Column 1
      30 10 Price® for Tokyo are prorMtd by Teferate Prices for Ho«gko«g are proiMid by Tetenrte Read Chartpoint, a guide to investing in the stock market. Every i Saturday in Business Times
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Interest in MUMB sends market higher
      4002 11 Bernama Reuter BUYING SUPPORT triggered by increased interest in Malayan United Manufacturing Bhd (MUMB) shares helped the market to rtatt a technical rebound yesterday. In moderately active trading, the KLSE Composite In--s®* rose .four points to 530.70 while the Industrial Index advanced 6.21 points
      Bernama; Reuter  -  4,002 words
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      Page 11 Advertisements Column 1
      194 11 JLN VESTING SUPPLEMENT 1991 A special Business Times Survey October 29,1991 Bonus time is Just around the corner. And many of you will be looking. at the numerous options of parking your hard-earned bonus. To assist you in making that Important choice, Business Times has invited local and foreign experts
      194 words
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  • REGIONAL STOCK MARKETS
    • Aussie market falls on profit-taking
      • Article
        AUSTRALIA
        789 12 THE Australian share market lost ground yesterday as profit-takers ended two days of healthy gains in heavy options related trade. Brokers were surprised at falls which hit leading stocks in all sectors. They cited a host of negative factors for prompting selling orders. "TTie Dow Jones was flat overnight.
        789 words
      • Article
        TAIPEI
        486 12 TAIWAN share prices closed slightly higher yesterday after early profit-tak-ing, and dealers said the market was in an upward trend amid an improving economy. The weighted index closed 9.17 points higher at 4,851.50 compared with Thursday's 4,842.33 finish. Turnover fell to NTS 18.96 billion from NT532.47 billion. The market
        486 words
      • Article
        BANGKOK
        772 12 THAI stock prices slipped in weak trading yesterday due to concern over the domestic political situation. The Securities Exchange of Thailand index dropped 7.54 points to close at 685.51. "The news that Royal Thai Air Force chief Kaset Rojananil had renewed his call for the government to resign if
        772 words
      • Article
        MANILA
        580 12 MANILA share prices drifted to a mixed close yesterday in the absence of any fresh developments in the Philippines' efforts to hammer out a compromise formula on the withdrawal of US troops from the country. The Manila Stock Exchange composite index eased 5.98 points to close at 959.33. "Share
        580 words
      • Article
        SEOUL
        839 12 AFTER three days of declines and despite lack of fresh news, the Seoul stock market yesterday rose on a technical rebound in moderate trading, brokers said. "Although there was no fresh news, insurance shares rose on rumours that companies' lending rates would see an increase," Shim Dong-hoon, a trader
        839 words
      • Article
        NEW ZEALAND
        271 12 A 10-CENT RISE in Telecom Corp yesterday helped give the New Zealand bourse a firm dose even though many other leaders either held either steady or lost some ground following the market's exhausting rallies on Wednesday and Thursday. The NZSE-40 Capital Index ended up 11.46 points at 1,448.94,
        271 words
      • Article
        BOBMAY
        60 12 BOMBAY share prices fell sharply on Thursday on heavy long liquidation on the last day of the current three-week account, and widespread buying by state-owned investment houses failed to bolster the market, brokers said. The Bombay Stock Exchange index dropped 31.60 points, or 1.74 per cent, to 1,786.92. The
        60 words
      • Article
        Untitled
        1031 12 Close Previous Sep 27 AUSTRALIA All Ordinaries Index 1,555.8 1,568.5 -12.7 All Industrials Index 2,391.2 2,412.8 -21.6 All Resources Index 915.2 921.2 -6.0 Turnover (million) 134 127 +7 BANGKOK SET Index 685.51 693.05 -7.54 Turnover (billion baht) 2.01 1.52 +0.49 JAKARTA Composite Index NA 255.12 MANILA Composite Index 959.33 965.31
        1,031 words
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  • WORLD STOCK MARKETS
    • Wall Street cyclical stocks in the limelight
      • Article, Illustration
        NEW YORK
        1223 13 STRENGTH in some cyclical stocks provided a spark to an otherwise listless day on Wall Street on Thursday. The Dow sUpped 3.8 points to 3,017.22, reversing a late afternoon advance. "Some of the groups that did well today were those that wouldn't unless people felt better about the
        1,223 words
      • Article, Illustration
        LONDON
        679 13 SHARES were in a tight range at midsession yesterday as highly technical trade kept prices static ahead of Monday's expiry of the September FTSE futures contract. Dealers said players were also reluctant to take up new positions before the end of the account yesterday. "Nothing's happening and nothing will
        679 words
      • Article
        AMSTERDAM
        259 13 SHARES in brewer Heineken and trading company Borsumij Wehry were the only bright areas in the Dutch bourse on Thursday, managing solid rises while most others dosed mixed, dealers said. The CBS General Tendency Index fell 0.2 by the dose to 90.4, while the EOE 25-share Index was 0.93
        259 words
      • Article
        BRUSSELS
        153 13 BELGIAN SHARES dosed lower after quiet trading with the only feature a late block trade of 50,000 shares in holding company Cie Nataonale a Portefeuille (CNP), dealen said. "Except for the 5<M»O CNP *ares, volume was only about 400 million francs,** said one dealer who dnrtmrri to be named.
        153 words
      • Article
        JOHANESSBURG
        424 13 JOHANNESBURG share prices posted further losses in thin trading on Thursday after Wednesday's falb, due laifdy to waning investor confidence, dealers said. Currency linked shares continued to straggle under added pressure from further gains in the financial rand, they said. The JSE Industrial Index dipped further to a dose
        424 words
      • Article
        Untitled
        228 13 PARIS SHARES ended a shade lower on Thursday as continuing over economic prospects foiled the market's bid to erase early losses, traden said. Pressure on Wafl Street in emly trading further weighed on the bourse, which is looking for dear signs of a pickup in the U5 eoonomy. The CAC-40
        228 words
      • Article
        Untitled
        98 13 A COMBINATION of tftrtrn and poor first-half corporate results drove Italian shares lower, although most blue chips recovered slightly to end above the day's lon, brokers said. The MIB Share Index, which was down one per cent at midmorning, dosed four points (0.3* per cent) lower at 1,043. State trlrphone
        98 words
      • Article
        Untitled
        184 13 GERMAN SHARES ended •lightly tower after a lacklustre tradh« day on Thursday, with dealers continuing to wait far new market-moving fetors. The 30-share DAX lades ended 5.42 points lower at 1,619.99 after grading the day locked in a narrow seven-point range. Dealers expected trade to stay quiet for the rest
        184 words
      • Article
        Untitled
        315 13 SWISS SHARES ended a moderately active session on Thunday easier. Trade focused on insuren after Zurich Insurance said it expected a higher 1991 profit, while Swiss Re said 1990 group net fdl by 22 percent The All-Share SPI Index dosed 5 J2 points lower at 1,076.3 points. The SMI Index
        315 words
      • Article
        Untitled
        432 13 Sep 26 Qm Pravinn MEW KM 3^)17.21 V021XT2 -3.11 SAP 900 1*6.49 3*6.8* -0.39 Turnover (miflton) 160.3 133.91 +6.39 LONDON financial Times 30 2,025.2 -3.7 FTSEI00 2,593.6 2,597.1 -2J Turnover (mitton) 513.4 596.2 411 DAX Index I >19.99 1,625.41 -5.42 MNTOMUi CBS Tcwkacy Index 90.4 90.6 4X2 MM CAC40 1,176.49
        432 words
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  • CURRENCY. MONEY & FUTURES MARKETS
    • Article
      Greenback closes weaker against mark in late Asian trade
      1183 14 REPORTS TOKYO; The US dollar was weaker especially against the mark in late Asian trade after an early buying spree ran into the doldrums ahead of the weekend and quarter-end. "Dealers couldn't buy it up, so they sold it down," one
      1,183 words
    • Article
      INTERBANK FOREX RATES
      383 14 Cross rates sg>27 USI SS MS Dm Yen SFr AS NZS USS 1.4955 ***** 1.6910 133.95 0.5794 1.4710 1.2658 1.7683 SS 0.5898 1.6214 0.9973 79.0032 0.3417 0.8676 ***** 1.0430 MS ***** O6200 0.6151 48.7268 0.2108 0.5351 0.4605 0.6433 Dm 0.5914 1.0027 1.6257 79.21 ***** 0.8699 0.7486 1.0457
      383 words
    • Article
      MONEY MARKET
      531 14 Interbank rates ss m ofc Ovcnufht 4 3/8 4 1/2 1-month 4 11/16 4 13/16 2-month 4 3/4 4 7/8 3-moiuh 4 3/4 4 7/S Overnight mode: 4-9/16 USS Mi Ofc 7 days 3 3/8 5 1/2 1 month 3 3/8 3 1/2 2 months 3 3/8 3
      531 words
    • Article
      Lock icon Greenback bottoming out, reversal possible: chartists
      408 14 Reuter NEW YORK The dollar is seen slowly bottoming out after failing to pierce support at 1.6700/50 marks on Thursday morning, say chartists, who point to a possible reversal in the dollar initially to 1.6990/1.7020 marks. "Most people are extremely short. There's a good
      Reuter  -  408 words
    • Article
      Lock icon Liffe sees hurdles for US regulators
      368 14 Reuter NEW YORK David Burton, chairman of the London International Financial Futures Exchange (Liffe), said that he saw problems ahead for US regulators as financial products outstrip current narrow categories. Burton, here to speak to US investors about Liffe, said that financial products are
      Reuter  -  368 words
    • Article
      FINANCIAL FUTURES
      1038 14 SiMEX ifitmuim Open High Low Sett Est Vol Op/Int Vol Dec 91 94.30 94J3 94J0 94J0 7664 ***** 6820 MM 92 94.42 94.43 94.41 94.41 4126 ***** 4206 Jun 92 94.18 94.20 94.18 94.19 1539 3717 898 93.80 93.81 £.79 93.81 615 1852 366 Dec 92 93.22 93.24
      1,038 words
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  • COMMODITIES
    • Article
      Lock icon Zaire crisis likely to push up cobalt and copper prices
      464 15 (AFP) LONDON This week's fighting in resource-rich Zaire, the world's leading producer of cobalt and fifth largest producer of copper, is expected to have an immediate efTect on markets, experts say. Zaire is one of Africa's poorest countries, but is
      (AFP)  -  464 words
    • Article
      Lock icon Nod for five-day Comex silver options expected
      218 15 Reuter NEW YORK The Commodity Futures Trading Commission (CFTC) was expected to approve yesterday Commodity Exchange Inc's (Comex) application to trade short-term silver options, sources familiar with the situation said. The contract in five-day silver options is expected to begin trading within 60
      Reuter  -  218 words
    • Article
      Bearish outlook pushes tin one sen down
      800 15 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market settled one sen lower at M$ 14.85 per kg yesterday on poor fundamentals and lack of fresh buying support before the weekend. Dealers said the higher offerings in late trade was in
      800 words
  • Article
    PRICES
    1340 15 Rubber se P 2? (W h Ww) S cents/kg Noon Pose Int I RSSPrompt 135.50/I36.50N I35.2VI36.25N Int I RSS Oct 91 136.30/137.00 136.25/136.75 Int I RSS Nov 138.00/138.50 137.75/138.25 Int 2 RSS OP 135.50/137.50N 135.50/137. SON Int 3 RSS OP I35.0Q/137.00N 135.00/137.00N Int 4 RSS OP 130.50/132.50N I30.50/I32.50N Int
    1,340 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      6 15 Innovation Technology in BT every Tuesday
      6 words
    • Advertisement
      Page 15 Advertisements Column 2
      221 15 _gJLjI_LN ES S TIME ST^ TELEPHOWH: 730-5771/5772/5773 FAX: 734-4912 1 I NOTICE IS HEREBYGIVENthat with effect from 20 September, 1991, Mr H Victor Koh Kee Lee, NRIC No. *****04/ C, has ceased to be Director If and a shareholder of Chap Tat Re I Therefore, he is not authorised to
      221 words
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  • Article
    Lock icon UN inspectors still waiting for Iraqi move
    373 16 Bush sounds prepared to use military force if diplomacy fails Reuter BAGHDAD A team of UN weapons inspectors began a fourth day besieged in a Baghdad parking lot yesterday as US President George Bush expressed scepticism that Saddam Hussein would comply fully with
    Reuter  -  373 words
  • Article, Illustration
    Lock icon Threat of civil war in Georgia
    342 16 Crisis in the Soviet Union Reuter TBILISI, Soviet Union Sporadic bursts of gunfire echoed through Soviet Georgia's fearful capital of Tbilisi overnight, sparking panic and renewed alarm that civil war was breaking out. But there was no fighting. President Zviad Gamsakhurdia's office issued a
    Reuter  -  342 words
  • Article, Illustration
    BBC's 24-hour Asian TV service part of global strategy
    413 16  -  By Harish Mehta SINGAPORE The forthcoming BBC-HutchVision 24-hour Asian TV news service aimed at competing with Ted Turner's Cable News Network is a part of a larger BBC strategy to go global by 1993 through "strategic regional partnerships". This long-term global
    413 words
  • Article
    Lock icon First of two polling days sees 70pc turnout
    266 16 Sarawak polls Bernama KUCHING Malaysia's most expensive exercise in democracy was under way yesterday with tribesmen in the remote jungles of Sarawak voting to pick a new government for the east Malaysian state, polling officials said. About 70 per cent of 139,859
    Bernama  -  266 words
  • Article
    Lock icon Schlesinger comments point to firmer rates
    228 16 Reuter FRANKFURT Comments by Bundesbank president Helmut Schlesinger sent shivers through German financial markets yesterday, providing further evidence that German interest rates will stay firm, dealers said. Mr Schlesinger said it was essential that inflation be brought down to about 2 per cent from
    Reuter  -  228 words
  • Article
    Lock icon Hills to meet Asean ministers next month
    132 16 Bernama WASHINGTON United States Trade Representative Carta Hills will be in Kuala Lumpur for two days from Oct 9 to attend the first USAsean economic ministers meeting under the December 1990 memorandum of understanding (MOU) for trade and investment A senior trade official
    Bernama  -  132 words
  • Article
    Lock icon Thai PM urged to quit if constitution is rejected
    522 16 AFP BANGKOK Amid reports of growing tension between Thailand's military and the government it appointed, a junta leader has for the first time publicly referred to the possibility of the resignation of Thai Prime Minister Anand Panyarachun. Air Chief Marshal Kaset
    AFP  -  522 words
  • Article, Illustration
    Lock icon Perjury trial told accused denied receiving bribe offers
    423 16 Trial of Queensland's ex-premier AFP BRISBANE The trial of Queensland's former premier Sir Joh Bjelke-Petersen heard yesterday that he had told corruption investigators he had never received bribe offers. A 1988 statement signed by Bjelke-Petersen and tendered to the Brisbane District Court
    AFP  -  423 words
  • Article
    Lock icon Japan shifting economic focus from US to S-E Asia, Europe
    653 16 NYT NEW YORK To diversify the risks to its economy, Japan is shifting the focus of its global strategy away from the United States and toward South-east Asia and Europe. The shift results in part from a decision to resist
    NYT  -  653 words
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Page thumbnail Page 17
  • Executive Lifestyle
    • Article, Illustration
      Fortune's guiding hand
      1495 17  -  Marshall Loeb, managing editor of Fortune magazine, has been described as hard-headed, aggressive and impossible to work with. But the man S N Vasuki meets turns out to be a kinder, gentler sort of editor who still considers himself a reporter S N Vasuki Marshall Loeb, 62,
      1,495 words
    • STRAWS IN THE WIND
      • Article
        Lobby logic
        64 17 IN THE US, consumer groups, women's groups and other groups would meet in the same hotel lobby near the White House before proceeding to their pow-wow with the president. That was how the word "lobbying" came about. But now there's a new twist. Japanese are now among the
        64 words
      • Article
        In fur a surprise
        107 17 THE South China Morning Post recently wrote about a woman who accidentally knocked down a cat and placed the carcass in a Harrods shopping bag to bring to the RSPCA. Then, she decided to pop into a coffeeshop for a quick drink and returned to find
        107 words
      • Article
        Translation needed
        71 17 AT THE Centre point carpark recently, a Teochew restaurant waitress sat at the ticket machine handing out order sheets to drivers. The idea, presumably, was so you could tick ofT the dian xin items you wanted on the way to the restaurant to save time later. There was
        71 words
    • OPINIONS
      • Article, Illustration
        Reach out — learn a foreign language
        1178 18  - Reach out learn a foreign language Australians know their future lies in Asia and they have awakened to the importance of learning regional languages How, asks Tye Kim Khiat, will this affect Singapore's links with the Asia-Pacific countries? Tye Kim Khiat The writer is. a Melbourne-based journalist who contributes to
        1,178 words
      • Article
        What lay behind founding of SICC
        842 18  -  BT reader and SICC member C S Wu refutes the notion of a colonial 'closed shop' membership policy C S Wu LET me say immediately that although I have been a Golfing Member of the Singapore Island Country Club for more years than I
        842 words
      • Article
        SICC rules: No provision for impeachment
        208 18  -  LETTER TO THE EDITOR Low Siow Whatt I REFER to an article which appeared on the front page of your paper (BT, Sep 26), under the headline "Government to take back golf land if control not passed to PUB". In it you report that
        208 words
      • Article
        How to let all the streets be a stage
        882 18  -  Should busking be allowed? Sangeeta Mulchand makes a case for busking and offers some suggestions as to what can be done to regulate street performances Sangeeta Mulchand The writer is a BT journalist BUSKING brings colour to the streets, and art
        882 words
    • SPORTS
      • Article, Illustration
        Lock icon Dreaming up a course
        858 19  -  Golf course designer Andy Dye has a gleam in his eye as he works on his latest project in Singapore, says Nirmal Ghosh Nirmal Ghosh THE East Coast Parkway is a long way from Crooked Stick, Carmei, Indiana, USA. But it has something in common: Andy
        Photo by Chris Loh  -  858 words
      • Article, Illustration
        Chocolate-chip ice cream loving tennis machine
        409 19  -  Susan Tsang finds out that Ivan is not-so-terrible after all Susan Tsang IVAN LENDL has a reputation for being a tennis machine, earned no doubt by reports of the strict regimen he followed when he marched to the top of the tennis rankings, and
        409 words
      • Article
        Americans open quest for Ryder Cup
        119 19 KJAWAH ISLAND, South Carolina With their lineup concentration both damaged by an untimely car accident, a team of American veterans yesterday began its quest to ie> claim the Ryder Cup. The 29th duel for the cup was due to begin at Bam yesterday on
        119 words
      • Article
        Prost at the crossroads
        130 19 BARCELONA Alain Prost, 36, veteran of three world championship wins and a record 44 victories, is being courted by the French Ligier team, who will be powered by Renault VlO engines in 1992. The Frenchman has been discussing with Ligier the prospect of moving from Ferrari
        130 words
      • Article
        Krickstein in quarter finals
        98 19 BRISBANE Aaron Krickstein of the United States frfin unseeded Australian Mark Woodforde in straight sets late Thursday and became the fifth and last seed to enter the quarter finals of the Queensland Men's Tennis Open. Last year's losing finalist and this year's number three trtif. Krickstein,
        98 words
      • Article
        Homecoming for Mc Bee
        86 19 LEXINGTON, Kentucky It's a homecoming of sorts for Rives Mcßee in the Bank One Senior Golf Classic. The 52-year-old is the two-time defending champion in the US$3OO,OOO event that began yesterday at Kearney Hill Golf Links. In 1989, the last year the event was held at
        86 words
      • Article
        Dark horses lead in Southern
        79 19 PINE MOUNTAIN, Georgia Anonymity was the common denominator atop the leaderboard on Thursday after the first round of the Southern Open at Callaway Gardens' Mountain View course. On a day marked by brisk winds, none of the 10 golfers with the lead or within a
        79 words
    • EPICURE
      • Article, Illustration
        The dignitaries' dinner
        623 20  -  Quek Swee Peng samples a marathon meal that's designed for dowagers, presidents and prime ministers Quek Swee Peng During his 1989 state visit to China, President Gorbachev was so impressed with his shark's fin soup, he asked for a second serving. The Soviet President savoured every morsel
        623 words
    • LIFESTYLE
      • Article, Illustration
        Chomp away, but slowly
        803 21  -  Susan Tsang finds out why the 'Greenpeace of Gastronomy' feels so passionately about endangered foods Susan Tsang THOSE unfamiliar with the slow food movement could be pardoned for associating it with a group of cranks suffering from indigestion. Its president, Signor Carlo Petrini (now what Italian
        803 words
      • Article, Illustration
        How do you choose wines for a dinner party?
        750 21  -  WINE By N K Yong I WAS ASKED this question a few days ago. The questioner knew little about wine, but obviously was interested in entertaining with wine. Which reminded me that it can be difficult to find something simple and
        750 words
      • Article, Illustration
        Deceptive play
        230 21  -  BRIDGE By Sybil Holloway IN today's deal the West defender fell asleep when the declarer laid a trap with his deceptive play of the trump suit. West led the HJ, East's ace winning. South ruffed the heart return and devised his plan. To make the contract the trumps
        230 words
    • PURSUITS 1
      • Article, Illustration
        Back with the laughs
        478 22  -  Frank Drebin returns for another excursion into inanity. But what the heck. Just sit back and enjoy, advises Jaime Ee Jaime Ee THERE are two ways to enjoy The Naked Gun 2'/i. Fullyclothed is one of them. By proxy is another. Frank Drebin is back. Accept
        478 words
      • Article, Illustration
        An original master
        790 23  -  The eight artists featured in The Art of Jerusalem exhibition paint skilfully in a wide variety of chosen styles. But it is the vision of Shalom of Safed that enchants Susan Tsang Susan Tsang THE ART of Jerusalem exhibition at Allan Art Gallery might lead us to
        790 words
      • Article, Illustration
        Memories of a band in motion
        688 23  -  CD Review By RINGO LIEW SPANDAU BALLET: The Best Of Spandau Ballet It's one of life's ironies that these guys could very well have turned out to be The Clash and viceversa. Emerging from the same kind of English working-class background and growing up
        688 words
      • Article
        Lotus waiting to blossom
        425 23 A first novel that starts off full of promise, but falters as it goes along The Lotus Blossoms By San Times Editions 2% pp, $12.50 Reviewed by S N Vasuki IN THE unusual introduction to the author, we are told that "Liao San is terribly impulsive
        425 words
      • Article, Illustration
        Fast fading flowers
        392 23 Flowers in the Sky By Lee Kok Liang Federal Publications 179 pages, $9.90 Reviewed by NirmaJ Ghosh THIS novel, first published in 1981 and reissued this year, sold 3,000 copies at the recent Book Fair according to press reports, making it the 10th best seller at the
        392 words
      • Article, Illustration
        Love sweet and simple
        790 24  -  Stanley and Iris should endear itself to those who enjoy a good romance. Jaime Ee reviews a well-made movie that's unlikely to win awards but is sure to keep the audience happy Jaime Ee OKAY Stanley. Spell your name. S-T-A-N No, no, no. Try it again.
        790 words
    • PERSONAL FINANCE & INVESTMENT 1
      • DON'T QUOTE ME
        • Article
          'You mean SAE?' 'No – SAe.' 'Right — SAE.'
          254 26  - 'You mean SAE?' 'No SAe.' 'Right SAE.' Compfedby Lee Han Shih WHp DO Malaysian entrepreneur Vincent Tan and the Sinjpoie Technologies group have in common? Answer theyjtre both confusing the stock market with the names of Mr Tan recently renamed his listed companiesSeijaya something or the other. Inter-Pacific Industrial (or
          254 words
        • Article
          Dollops of discourtesy
          104 26 ONG/JBENG SENG may be the soul of courtesy himself, but the service in his Scoops Cafe... A few friends turned up there one Saturday night at 11.13|>m in search of some scoops of ice-cream. They onftitd, and had to wait 10 minutes for their ice-cream. The" waiter
          104 words
      • Article, Illustration
        Crucial for STII to build base in 1380-1420 zone
        670 26  -  By Najeeb Jarhom The writer is the research manager of Fraser Roach Co IT IS CRUCIAL that the Straits Times Industrials Index (STII) does not stray too far away from the 1380-1420 zone, as it may then find it harder to
        670 words
      • Article
        How to invest in the Japanese stock market
        245 26 PRIVATE investors can invest in the Japanese stock market in several ways: Unit trust funds There are several unit trust Ms which invest in Japanese stocks, such as DBS's Japan Growth Fund, Jardine Fleming's Japan OTC Fund and Daiwa Japan Fund. The
        245 words
      • Article, Illustration
        Lock icon Japan is where all the action is now
        880 26  -  Chew Eng Han explains what makes the Japanese stock market so attractive these days Chew Eng Han Hot money is flowing into Japan again. This is apparfrom the recent surge in th» ym against the US dollar agjjEflk steady rally in the
        Charts by Pont Data  -  880 words
      • Article, Illustration
        Dow seen set for correction to 2700 level
        515 26  -  By Chew Eng Han THE DOW Jones Industrial Average is set for a downward correction of between 10 and 13 per cent to the 2700 level, says Smith Barney market technician Alan Shaw. Mr Shaw, who is the managing director of the
        515 words
      • Article
        Warrants: premiums and gearing
        690 26 S5» «t 27.tf.tl Cwwulw tfl Prwmlmm/ tsf ri 1 —tuiiiir (< ar H Ts? > > < H 115.2 0.200 0.650 1.00 1.00 85 3.25 30/06/94 33 £*C 37.5 2.100 5.050 1.00 3.09 3 2 40 26/04/93 19 S2TE. S»S 0850 24 11 3M 2*.. 50-
        690 words
      • Article, Illustration
        Lock icon Going scripless: the quiet revolution
        1688 27  -  Loretta McLaughlan looks at the imminent era of electronic settlement and the changes it will bring to the local stock market Loretta McLaughlan WITH surprisingly little hullabaloo, a quiet revolution is taking place in the securities market. The labori- ouE administrative procedfflts undertaken in brokers'
        Source: SES  -  1,688 words
      • Article
        Making the market work
        228 27 THE stock market crash of 1987 showed the world's stock markets how vulnerable their settlement systems really were. "There was a feeling that we had just dodged a bullet The fear was that we would not be so lucky next time," says a top international banker.
        228 words
      • Article
        The best deal is in stocks
        438 27  -  Kooi Cho Teng reports the findings of a Salomon Brothers study comparing the returns from various investments Kooi Cho Teng Shares give ail but super-rich investors the best return over the long term, according to a study by Salomon Brothers. TTie survey showed that
        438 words
    • JOBS
      • Article, Illustration
        Tough women in a tough world
        641 28  -  Nd, the hectic and sweaty world of forex brokers If and dealers is not an all-male preserve. In IB Singapore, one in four players is female. Carolyn Lim talks to women in the profession Carolyn Lim THINK forex brokers and dealers and the image
        641 words
      • Article, Illustration
        Shooting straight with clients
        967 28  -  In Bangkok, stockbroker Susan Crosbie-Saluja has built a solid client base at Phatra Thanakit Company Ltd. Andrea Borch meets the woman who's always quick with the market news Andrea Borch Bangkok-based stockbroker Susan Crosbie-Saluja does her business by "smiling and dialing". She does not flinch from
        967 words
      • Article, Illustration
        EXECUTIVE MOVES
        380 28 THE FOLLOWING are new appointments for ICL Singapore and ICL Asia: Mr Bill Liu has been appointed Chairman of ICL Singapore Pte Ltd and also the Regional Vice-President for Sales and Marketing, ICL Asia. Mr Liu has 21 years of experience in the computer industry and has worked
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    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      858 29 5?? I City MUrt ETA FHgM n -J GA890 005Q MH609 1625 SQ112 is? Qf8l 1820 SQ227 2200 |650 MH631 16K 0F82 oory) SQ,U 1705 MH610 I7H gT MH/SQ671 1800 MH643 7X RJ1S3 0030 MH67I 1800 SQ1I4 7? 11,111 SQJ|, 0755 SQ24 0100 SQ»»3 1805 SQI
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    • THE TRAVEL PAGE
      • Article, Illustration
        Turmoil in the tourism market
        575 29  -  LETTER FROM ROMANIA By Peter Humphrey Market reforms are causing turmoil in Romania's once-placid tourism industry, putting local holidays beyond the means of most Romanians. Trade and Tourism Ministry State Secretary Viorel Catarama sacked senior managers and ended a two-tier communist-style hotel pricing system on
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      • Article
        MONEY CHANGER RATES
        152 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3394 1.3308 Canadian dollar I.47S8 1.4982 NZ dollar 0.9S09 0.9700 Sterling pound 2.9166 ***** US dollar 1.6920 1.6960 Local dollars to 100 suits of foreign currency Austrian schilling 14.18 14.40
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      • Article
        WORLD TRADE EXHIBITIONS
        46 29 Duration Title V«ue Orgamser Tdl Duration Title Venue Organiser 1 S? 6 nte ,lor^ J J™"*?* Ferit Muestra* ********** Oct 4 Electrical Nederiandse Oct. Furniture Fair (Spa,n) Equipment am! J.22?" m alDe Valencia Industrial Sep 30- Trade Fair for Netherlands Koninklijke (31)30/*****1 Electronics
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    • TIME OFF
      • Article
        THEATRE
        56 30 SSO Familiar Favourites: A Spanish Connection Conductor. Lim Yau. Soloist: Foo Say Ming. Programme includes works by Falla, Lalo, Chabrier and Albeniz. Venue: Victoria Concert Hall. Today. 8.15pm. 1991 National Toastmasters Speech Contest A contest pitting the skills of speakers from Toastmasters clubs in Singapore. Venue: Hyatt Regency Singapore,
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      • Article, Illustration
        EXHIBITIONS
        298 30  -  Compiled by Yasotha M Claytivity '91 The 'claytivity' group of Studio 106 is back again with statements in clay at the Goethe-Institut. Among artlists featured are Jean Lee Say [Ying, John Tan Peng Chieu, Lim Chong Beng, Ausaf-Ur Rahman, Chee Lee Choo, Tan Tuan Yong, Lien Lian Sze, Jacqueline
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    • Article, Illustration
      CINEMA
      654 30 Atame! Tie me up or tie me down. Doesn't really matter, I'm not doing much anyway. A loonie abducts a porn star and tries to convince her that there's more to a rope than skipping with it. Sadomasochistic romp by Pedro Aldomovar. Stars Antonio Banderas and Victoria Abril. Rated
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  • Page 17 Advertisements
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      186 17 (innn 24-hour Loan Information Service Approval 3343 5 8 8 33 4 36 8 8 1 Since 1775 Model No. 8A3130T Legends have sought this watch. Napoleon. Wellington, too. And the crowned heads of England, France, Italy, Spain and Russia. Then, as today, those who shape destiny are quick to
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  • Page 18 Miscellaneous
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      Page 18 Miscellaneous Column 1
      46 18 DOONESBURY by garry trudeau YOU'RB MAWeiAM, ITS FART OF MY NO, ITS PART OF ClUtl TKC&JtJ* suing MAYBern cove mtingstrawgy. but the courtship itt&Gmsi yarxtSr SOMBONZI NOT. YOU AGAIN* IF I APPEAR TO THAT* RITUAL. YOtfRZF&e nmCkKir' DONTTKNOHU. BZ SPOKZN F0R.,1 CRAZY! TO PLAY TH& SAME
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      98 19 EPS#N SUPER TENNIS CHALLENGE i j .K. 5 4 4, COOL. COOLER. >'** I 9 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, ercv or brown, to complement the decor in your office
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      213 20 WMHgTO MA HE. DIME AND EMTERTJUH WHHtt TO WME. DINE IMP EMTHtTAiII i«Bm— nfftf h\s ...now on Friaays and Saturdays From now on, our Chinae Porridge Buffet will be acrad only on Fridays and Saturdays from 10.30pm to 3.30 am but at the same old prices $11.00 for adults and
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      Page 20 Advertisements Column 2
      280 20 SUNDAY TEMPTATIONS Every Sunday, Nutmeg's brings to you exquisite culinary surprises, line wines and champagnes and the relaxing chords of our Jazz musicians. Seafood deflcacies, Sunday favourites, local specialties and even a touch of American, await the famfly for a peaceful Sunday. For $34.50++ per person and-$17.25++ per chid between
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      Page 20 Advertisements Column 3
      113 20 Why worry about brusldaet or lunch on ,B Children's Sunday moraine? Come down \JfF for brunch with your whole famSy and Activities at fe—t on a delectable maraud of hot f deaaert* al prepared to I Comer! pie—e dtocerninf palsies. 1 j Cafe Aladdin DELIGHTS Calling all Hi Tfe* Buffs
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      Page 20 Advertisements Column 4
      258 20 I (jet a stic* of the Pu Noon 2JO pm H Adult: S3«+ Child bdow 10: $IS++ We tenm the world to you at The Belvedere. r&g »4fl «tor ■nocutaa roast on the *1»5I «vM g*g wagon carved to your 'jflnfl choice. With comptimen■Etyjg|BMß taiy soup of the day It
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      139 21 AND ENTERTAIN MflSWfcy i V '"iv j ma£ w A scrumptious buffet selection for the adults. Cartoons and toys for the kids. Every Sunday. 11 am to 2.30 pm. Adults $31 Kids $19++ For reservations, ANA HOTEL please call 732-1222 ext 1582/1597. nm JS£SSSL TatoCton*: (65) 732 1223 AY TEA
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      Page 21 Advertisements Column 2
      218 21 RST BEEF DAY AT Mftl NISHIKI Od» HI "Niku" is Japanese means meat, at the mom time it «iso means "Two-Nina". On this -f same note, oa every 29th oft the month will be "Beef Day". 11 at NISHIKI. You can now! A enjoy a selection of beef# dishes at
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      171 22 I cwiiSwmNGp MANAGER AWARD 1991 This award is open to all Singapore citizens and permanent residents aged 25-35 years who are currently working at the middle-level management and supervising others, but are themselves not yet at departmental or divisional head.level. The award will go to the manager who is deemed
      171 words
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      Page 22 Advertisements Column 2
      18 22 I II aX^TbaS earns Jj sralll I V C! sliME^SiriPff between I 9 $25,000 I W $42,500 I
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      115 24 Join the world's leading Chinese entrepreneurs. translates to m j i dcm RHf^act" ithe \'*%J Yr <* orfpf.- /^pW? HongHpt?rfg, Indonesia and cl^^Ses^h€^»:. many of are the the^orld. We will report, among dfffertfangs, what makes these We jrfn serve as a link and analyse tfre. contribute to their For our
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      Page 24 Advertisements Column 2
      129 24 fl H 1 1 Mf K snV ;^Hr^ ScalpeL scissors„sutures.- Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on vour monpv Essential information accessible every business day your money. through Business
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      488 25 WE PRESENT A NEW BANK THAT OFFERS GLOBAL CLIENTS 1850 LOCAL BANKS IN 52 COUNTRIES. j\ *4 d~i _r v l !k MAYBE A BREAKFAST MEETING WITH ONE OF OUR j GLOBAL BANKERS IS A GOOD IDEA. The merger of ABN Bank and Amro Bank has given the with each
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      Page 27 Advertisements Column 1
      215 27 ——1 *c Quick and Easy. Get instant cash for your shares over the counter at any of our 28 branches vc Scripless Counters are also acceptable Loans from $2,000 to $100,000 •u i Borrow for one, two or three months r; mti Use the loan for any purpose No monthly
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      5 28 Management: in BT every Monday
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      205 28 Advertisement OPENING OF DHL AIR EXPRESS CENTRE The DHL Air Express the most sophisticated air choee Singapore as its first base Centre in Singapore was officially facilities in this part of the for the Asia-Pacific region. Now in opened by Mr Mah Bow Tan, world.' 1901, Singapore is indeed rapicty
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      Page 29 Advertisements Column 1
      40 29 Kokkola? It's the real thing when you brokFinnair. With a superb twice-weekly service from Singapore direct to Helsinki and then on to everywhere in Europe from Kokkola to Co-Copenhagen. Call *****77 for details. We know Europe from atari to FVrah
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      Page 29 Advertisements Column 2
      15 29 Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
      15 words
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      Page 29 Advertisements Column 3
      53 29 P; IRI. nMn JB| Sturvival Kit We've sharpened our image and focus to help you tame your corner of the concrete jungle. A sleeker Singapore Business ves ypu even better coverage of how companies In the Republic and beyond are stalking the opportunities of the *****. Singapore Business You can
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  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      170 29 17 Murder in London |BB~™ should start inauspiciously 23 Mother second H Girl somewhat over age (4) side with the prank (8) ->«*„. Very small hopper? (5) 9 Extremely hurt and unable foMi fastening '(4) C arBe HHH t0 rcCOver 26 Bankrupt work of art (4) r rMA 15 Restless,
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    • Miscellaneous
      Page 29 Miscellaneous Column 2
      169 29 World forecast Asia-Pacific Hi/Lo* Cood. Auckland 16/12 Windv Bangkok 32/24 Showers Beijing 25/17 Sunny Brunei 32/25 Showers Hongkong 28/20 Sunny Jakarta. 32/22 Fair Kuala Lumpur 32/25 Showers Manila 32/24 Windy Melbourne 19/11 Sunny Pwth 21/10 Sunny Seoul 21/17 Windy Sydney 22/12 Sunny Taipei 32/24 Fair Tokyo 26/22 Rain Wellington 16/08
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      Page 29 Miscellaneous Column 3
      6 29 -Ifcgff J IpPFCe. NEXT DOQg?J I
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      1582 30 TODAY'S TV remained popular I 11 ia tv The Cha Cha m mm h_. <w> rhythm the Matahari Matahari, 3pm, Wildlife Tales: Web of Steel, hip-swaying movements I L*. SBC 5 11.55 am, SBCS Latin 0 < HS^, A dances but has a very 2ehor. A landless and luckless farm-
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      Page 30 Miscellaneous Column 2
      564 30 movtesonW^ A Happy Sunday, Maa, marvellous performance as a 10.30pm SBC 12 baby-faced gangster who has Spanish movie based on Ga- to keep killing potential witbriel Garcia Marquez's story nesses. Graham Greene coabout a young boy who wrote the script, noted for its stages his own kidnapping trick ending. and
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