The Business Times, 12 October 1991
1991-10-12
1
28
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1991-10-12 1 BusinessTimes MCI (P) 16/12/90 Weekend Edition, October 12-13 1991 75*10 words
-
NEWS & MARKETS
-
Article43 1991-10-12 1 THE NEW YORK stock market was mixed in early trading yesterday. The Dow Jones average of 30 industrials rose 5.14 in the first half hour but then turned lower to show a 0.67-point loss at 2,975.85 one hour into the session.43 words
-
Article33 1991-10-12 1 SHARE PRICES were lower on the London Stock Exchange at midday yesterday. At 1108 GMT, the broad-based FTSE 100-share index was down 2.7 points at 2,568.1. Volume was 598.1 million shares.33 words
-
46 1991-10-12 1 TOKYO Veteran politician Kiichi Miyazawa lined up overwhelming support yesterday for his bid to become Japan's next prime minister. "Our faction has decided to support Mr Miyazawa because of his policies," said Mr Shin Kanemaru, the "kingmaker" of Japanese politics.46 words
-
39 1991-10-12 1 WASHINGTON Wholesale prices in the US rose a tiny 0.1 per cent in September as the fourth straight decline in food prices offset a spurt in energy costs, the government reported yesterday.39 words
-
Article23 1991-10-12 1 TAIWAN'S Acer computer company will join forces with two software companies in Singapore to sell combined hardware-software packages. Page 223 words
-
Article26 1991-10-12 1 THE MERGER of the securities operations of James Capel's Far East unit and merchant bank Wardley Ltd was finally announced yesterday. Page 326 words
-
Article25 1991-10-12 1 HONGKONGERS, attracted by lower prices and relaxed investment rules, are snapping up apartments in China's Shenzhen special economic zone Page 625 words
-
Article, Illustration29 1991-10-12 1 Friday Change BT-MGA 668.31 +8.96 Kuala Lumpur ....510.% +2.99 Tokyo 24,157.72 -327.54 Hongkong 4,017.98 -38.24 Sydney 1,555.1 -2.4 Thursday Change New York 2,976.52 +30.19 London 2,570.8 -13.329 words
-
Article24 1991-10-12 1 Exchange rates USS s$ 1.6920 100 Yen SS 1.3040 MS SS 61.64 Money market rates Overnight 3 5/8 -1/2 3-month 4 5/16 -1/1624 words
-
Article38 1991-10-12 1 London Go4d AM fix US$357.25 -US$2.30 Rubtoor S'pore Nov 140.75'/kg -0.75 M'sia Nov 229.50*/kg -1.00 KL Tin Turnover 91 tonnes +37 Spot M$I4.81 /kg -3 dude palm oil Turnover 1,666 lots H 444 Dec M$832 /tonne -538 words
-
-
Article, Illustration440 1991-10-12 1 Schutz Lee - Accord provides mechanism for consultation on trade opportunities By Schutz Lee SINGAPORE Singapore and its largest trading partner, the US, have marked a milestone in their economic ties with the signing of a bilateral framework agreement, said Deputy Prime Minister Brigadier-General Lee Hsien440 words
-
204 1991-10-12 1 SINGAPORE Singapore will be reassessing its position on investing in Vietnam and Cambodia now that the Cambodian problem looks set to be resolved. Deputy Prime Minister Brigadier-General Lee Hsien Loong said that "diplomatic steps towards the settlement of the Cambodian problem are204 words
-
Article, Illustration460 1991-10-12 1 Maggie Ford - From Maggie Ford in JAKARTA THE Indonesian provincial authorities have suggested the Sabah and Sarawak governments join them to fight the huge forest fire raging in East Kalimantan's Bukit Suharto reserve. Spokesman Imdaad Hamid said the province alone could not extinguish460 words
-
381 1991-10-12 1 Catherine Ong - From Catherine Ong in HONGKONG NEWS THAT the US will launch a full-scale inquiry into alleged unfair trading practices by China sent a shiver through the Hongkong share market yesterday, pushing stocks down 45 points at one stage. Sellers dumped381 words
-
Article150 1991-10-12 1 SINGAPORE The Singapore market jumped to life in the last half hour yesterday on a late buying spree that may have been prompted by the jitters in Hongkong. Market speculation had it that foreign fund managers may have been behind the late surge which propelled the150 words
-
Page 1 Advertisements
-
Advertisement124 1991-10-12 1 Nikon f|,,,| flii nln i■■■n tl I r I nf WOnQ S rwiM nKMOyVpniC Ojrtwm, COVER The HB Killing ■■SjHi Fields II? 1 Aircraft Schedule EL 11 Commodities 15 Company News 3,4 Cryptic Crossword EL 11 Executive Jobs EL 10 Futures Options 14 interbank Fore* Rates 14 Home News 2124 words
-
Advertisement10 1991-10-12 1 OPINIONS Learning from the many voices of multiculturalism. EL 210 words
-
Advertisement23 1991-10-12 1 PURSUITS Feeling the line. EL 6 Stay British, eat French. EL 6 •US warns world's banks not to violate Viet embargo, Back Pg23 words
-
Advertisement105 1991-10-12 1 PURSUITS When trade has its trade-offs, EL 2 US reaffirms commitment to open markets. Back Pg HHa ONLY AT Singapore TH£ (HOUR GLASS lucky Plaza Tel *****20/1 Scotts Tel *****27/7198 Centrepoint Tel *****98/603 Peninsula Plaza Tel *****09/*****63 Palais Renaissance Tel *****62 Changi Airport Terminal 1 Transit Lounge Tel *****69/0 Malaysia105 words
-
Advertisement15 1991-10-12 1 Nikon TteWbrW'tFtoMt Photographic System. FINANCE The outlook for residential property prices next year. EL 915 words
-
Advertisement12 1991-10-12 1 JOBS The profs ready to return if the PPSM's right EL 1012 words
-
-
HOME NEWS
-
NEWS ROUNDUP
-
Article82 1991-10-12 2 THE Singapore Port Workers Union (SPWU) yesterday presented Senior Minister Lee Kuan Yew with a painting, in recognition of his contribution to the port's development. The painting, of two ships undergoing repair, is the work of a Port of Singapore Authority staff member. At a82 words
-
Article97 1991-10-12 2 THE UNITED Overseas Bank yesterday announced cuts of between 0.25 and 0.5 of a percentage point in its prime lending and fixed-deposit rates. The new rates will apply from Oct 14. At United Overseas Bank, Chung Khiaw Bank, Far Eastern Bank and Lee Wah Bank, the prime97 words
-
Article83 1991-10-12 2 THE SINGAPORE Institute of Standards and Industrial Research (Sisir) has taken another step to help Singapore companies gain access to international markets. Richard Collyer, from the quality assurance division of the British Standards Institution (BSI), will be attached to Sisir as adviser for 18 months. He83 words
-
Article41 1991-10-12 2 THE American Embassy and the USIS American Library Resource Centre will be closed next Monday in celebration of Columbus Day. No library, student counselling or consular services, including visas and passports, will be available that day.41 words
-
Article88 1991-10-12 2 CHEW HENG CHING, MP for Eunos GRC, yesterday advised graduates of the Singapore Institute of Management against job-hopping. He also said they should accept overseas postings because these offered exposure and experience that were good in the long term. Mr Chew was speaking during an88 words
-
-
Article, Illustration378 1991-10-12 2 Joseph Rajendran - Taipei computer company wants to offer complete packages By Joseph Rajendran TAIWAN'S Acer computer company will join forces with two Singapore software companies within six months to sell combined hardwaresoftware packages. Acer says few Asian companies offer such total solutions, which378 words
-
353 1991-10-12 2 STARTING Nov 1, the latest share price information on local as well as foreign bourses will only be a phone call away for the stock market punter. Singapore Telecom will, on that day, introduce its new Stockline subscription service, which will be an upgraded353 words
-
289 1991-10-12 2 Dexter Lee - By Dexter Lee FRENCH telecommunications giant Alcatel has clinched a US$66O million (about Ssl.ll billion) contract to lay underwater optical fibre cables between Singapore and France. Releasing news of the contract at the Telecom '91 conference in Geneva earlier this week, Alcatel chairman and chief289 words
-
Article146 1991-10-12 2 BUGIS STREET will slowly come to life again from next month, but without its trademark transvestites. "What we want to do is create a lot of fun Asian street life but minus some of the undesirable things that happened in the past," said Bugis Street146 words
-
-
SHIPS IN PORT
-
Article537 1991-10-12 2 Vessel Voy No Berth Arrival Departue Vessel Voy No Berth Arrival Departure Marina Terminal 1 Jurong Port Batam Sayang *****1 M04 alongside 12.10/2300 Armada Satya PV102A J5 alongside 11 10/2300 Batanmdo 1 106S M02 alongside 11.10/1700 8a)ong Permai I 65/91 J2 alongside 11 10/2200 Brastagi 1 40A/91537 words
-
Article1031 1991-10-12 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Babnce Rslts Ship Voy No Etb/Btr Period From To From ACX Rutry 25A 13/0700 2 11/1700 12/0659 12/0900 3 12/0700 12/1159 12/1400 Aha Bhum 112S 13/1200 1 11/1500 11/1659 11/1900 2 11/1700 12/0659 12/0900 Al Muqab 58 U/0200 41,031 words
-
-
COMPANY NEWS 1
-
Article, Illustration551 1991-10-12 3 William Chia - By William Chia SINGAPORE Malaysian businessman Lee Ming Tec, who has ensconced himself in Hongkong, sees even brighter prospects for his sprawling Allied group in the run-up to 1997 when Hongkong comes under China's rule. Started only six years ago, the Allied Group551 words
-
241 1991-10-12 3 SINGAPORE Sime Darby Ltd is once again expanding its presence in the waste treatment industry. It has entered into an agreement to manage the business of Amston Equipment Pte Ltd, a local pioneer in the design, manufacture and distribution of filter241 words
-
203 1991-10-12 3 Bernama KUALA LUMPUR Tanjong Tin Dredging pic, which has proposed to acquire Pan Malaysian Pools Sdn Bhd (PMP) and to dispose of Tanjong Tin Dredging (Malaysia) Sdn Bhd, has forecast a consolidated pre-tax profit of M 535.30 million (5521.75 million) with the implementationBernama - 203 words
-
278 1991-10-12 3 Bernama KUALA LUMPUR Rising interest rates and costs will not deter the expansion plans of MCB Holdings Bhd as the bulk of its projects cater for the middle income group who consider a roof over the head as an important investment, MCB executiveBernama - 278 words
-
362 1991-10-12 3 Catherine Ong - From Catherine Ong in HONGKONG THE long-awaited merger of the securities operations ot James Capel's Far East unit and merchant bank Wardley Ltd was announced yesterday. Hongkongßank, the parent company of both firms, said a new company Wardley James Capel Holdings Ltd will be362 words
-
Article, Illustration307 1991-10-12 3 Bernama KUALA LUMPUR Rashid Hussain Bhd has allocated approximately Msso million (5530.8 million) to develop its second high-rise building, RHB2, adjacent to its headquarters, RHBI, at Jalan Tun Razak here, its chairman, Datuk Abdul Rashid Hussain, said yesterday. He told newsmen afterBernama - 307 words
-
COMPANY BRIEFS
-
40 1991-10-12 3 SINGAPORE Singapore Automotive Engineering Ltd said yesterday that the percentage of issued ordinary share capital of the company in which foreign persons have an interest is approximately 17.5 per cent, pending adjustment upon settlement.40 words
-
Article40 1991-10-12 3 SINGAPORE The Hour Glass Ltd has appointed Mr Michael Kwee Chong-Kok to replace Mr Edmund William Barker in the audit committee of directors. Mr Barker retired as a director of the company on Sep 12.40 words
-
Article47 1991-10-12 3 SINGAPORE Rothmans Industries Ltd has decided to changc the company's financial year-end from June 30 to March 31, to coincide with the financial year-end of the Rothmans International Group. This will take effect in the financial period commencing July I to March 31, 1992.47 words
-
Article37 1991-10-12 3 SINGAPORE Post Office Savings Bank (POSBank) bought 141,000 General Securities Investment Ltd shares for $198,593.47 on Oct 10. This raised POSBank's stake in GSI from 13.31 per cent to 13.57 per cent.37 words
-
Article62 1991-10-12 3 SINGAPORE ANTAH Holdings Bhd has sold its 40 per cent stake in Nixdorf Computer (Malaysia) Sdn Bhd back to Siemens Nixdorf Informationsystems AG for Ms 4 million (552.46 million) cash. Antah's interest in Nixdorf was acquired more than two years ago, with an option to62 words
-
Article112 1991-10-12 3 SINGAPORE Hospital Pantai Bhd has entered into a Ms4o million (Ss26 million) joint venture with Yayasan Pcrak, BP Clinical Lab Sdn Bhd and IGB Corporation Bhd to set up a medical centre in Ipoh. The centre, to be called Pantai Puteri Hospital, is being set112 words
-
-
COMPANY BRIEFS
-
76 1991-10-12 4 SAN FRANCISCO Intel Corp, the leading supplier of microprocessors for personal computers, said on Thursday that its earnings for the third quarter of 1991 rose 17 per cent from a year ago but were down from the second quarter, because of sluggish76 words
-
Article83 1991-10-12 4 HONGKONG Ruby Holdings Ltd said yesterday it has agreed to buy two floors in a shopping arcade and 231 parking spaces in City Garden at North Point on Hongkong island for HK$362 million (Ss79 million) from the Hutchison Whampoa Ltd group. Ruby said it will83 words
-
Article67 1991-10-12 4 TOKYO The Ministry of Finance (MOF) plans to take steps to increase the dividends of listed companies in Japan due to shareholder criticism of low dividend levels and to help return public confidence to Japan's stock markets. A MOF official said the ministry will ask67 words
-
Article90 1991-10-12 4 LONDON Britain's Racal Electronics on Thursday intensified pressure on conglomerate Williams Holdings to increase the value of its £700 million (Ss2 billion) hostile bid by announcing its second strategic contract in less than a month. The contract, worth £70 million over six years, to supply tactical90 words
-
Article76 1991-10-12 4 TOKYO A Sony Corp spokesman declined comment on a New York Times report that talks were under way on a major new alliance with Apple Computer Inc, although he confirmed that Apple chairman John Sculley met Sony president Norio Ohga here earlier this week. "Ohga and Sculley76 words
-
Article68 1991-10-12 4 TOKYO Japan's Mitsubishi Motors Corp will sign an agreement with Chrysler Corp later this month to take over the US company's stake in their joint automaking venture, the Nihon Keizai Shimbun said yesterday. The leading economic daily said Japan's third largest automaker would buy the troubled68 words
-
-
Article, Illustration356 1991-10-12 4 But no restrictions placed on level of non-voting foreign ownership Reuter CANBERRA Australia has set a 20 per cent limit on foreign control of the print media but decided against .setting a limit on non-voting foreign equity. The decision by theReuter - 356 words
-
462 1991-10-12 4 Reuter CHICAGO US retailers posted another weak sales month in September, prompting analysts to shave third-quarter earnings estimates and stirring fears that consumer reluctance will carry over into the Christmas shopping season. "Results for most retailers were below plan because of the flat economy,"Reuter - 462 words
-
Article, Illustration425 1991-10-12 4 Magdalene Ng - 16 new hotels for Thai chain over the next two years From Magdalene Ng in Bangkok FAST expanding Dusit Thani Group will undergo a consolidation phase over the next two years when it will add another 16 hotels to the homegrown chain, more than425 words
-
382 1991-10-12 4 Agencies AMSTERDAM An Amsterdam court on Thursday rejected a bid by Italian financier Giancarlo Parretti to be reinstated to the board of the company that controls MGM-Pathe Communications Co. The court action came a day after MGM-Pathe reported a net loss ofAgencies - 382 words
-
319 1991-10-12 4 FT LONDON Fried Krupp on Thursday confirmed it had bought a 24.9 per cent stake in Hoesch, its fellow German industrial group, in a move which could lay the foundations for the creation of a powerful new force in the European steel and engineeringFT - 319 words
-
494 1991-10-12 4 Reuter AUCKLAND New Zealand Brewer Lion Nathan Ltd said its proposed NZ$B7O million (*****.5 million) takeover of Australian Consolidated Investments Ltd (ACIL) would prove very positive for future earnings and debt levels. After the merger, to be completed by next June at theReuter - 494 words
-
228 1991-10-12 4 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Australia's national airline Qantas signed an agreement yesterday with a group of Financial institutions to lease a Boeing 767-300 ER aircraft. Under the leveraged scheme, an unnamed paper company set up by a Japanese leasing firm will buy228 words
-
307 1991-10-12 4 AP LONDON Hawker Siddeley Group pic on Thursday launched a defence against a hostile £1.5 billion (554.5 billion) takeover from BTR pic. The electrical and mechanical engineering concern said that a restructuring would be in place by the end of the year. ThisAP - 307 words
-
-
Page 3 Advertisements
-
Advertisement198 1991-10-12 3 Do you want to communicate to the American-Canadian market? The right style is essential for acceptance and cost-efficiency. A Senior American ADV/PR Copywriter, visiting teacher, can help. Top international references, print, broadcast, direct marketing, and public relations experience. Hourly fees only, all work guaranteed. Frank Egan, PhD Blk 914, *03-222198 words
-
-
FINANCIAL NEWS
-
451 1991-10-12 5 Money will be used to help cover cost of reconstruction FT LONDON Kuwait on Thursday made its debut as a borrower in the international capital markets with a fiveyear unsecured US$5 billion (SsB.s billion) syndicated loan. The deal is the largest discretionaryFT - 451 words
-
196 1991-10-12 5 Reuter HONGKONG The Stockbrokers' Association has accepted a revised package designed to bridge disagreement between the Stock Exchange and its watchdog body, the Securities and Futures Commission (SFC), and reform the Exchange. But in reversing its earlier rejection of the reform package, drawn upReuter - 196 words
-
Article, Illustration503 1991-10-12 5 DBS weekly currency review USD/DMK: Bulls Fighting Back? The US dollar staged a strong recovery this week, trading from last Friday's low of 1.6590 marks to a high of 1.7155 on Wednesday before it reversed to close at 1.6860 the same day. It found support,503 words
-
485 1991-10-12 5 IHT NEW YORK Credit Lyonnais found itself in the midst of a bidding war on Thursday for billions of dollars worth of junk bonds issued by more than 400 American companies, many of them seeking help in reorganising. The state-controlled FrenchIHT - 485 words
-
Article, Illustration363 1991-10-12 5 Reuter NEW YORK Disgraced financial wizard Michael Milken is neither a drinker nor a womaniscr, but the author of a new book says the jailed junk bond king was closc to a col league who encouraged vice in his clients. In DenReuter - 363 words
-
419 1991-10-12 5 Reuter NEW YORK J P Morgan reported a 79 per cent rise in third-quarter earnings on Thursday, saying lower interest rates aided its extensive trading in financial markets. Bank of New York said earnings fell from a year ago as charge-offs related toReuter - 419 words
-
SMALL CHANGE
-
77 1991-10-12 5 KUALA LUMPUR Malaysia's Public Bank Bhd will raise its base lending rate (BLR) bv 0.70 percentage point to 8.95 per cent from 8.25 per cent from today. Public Bank's BLR or prime rate is now one of the highest in the market77 words
-
Article78 1991-10-12 5 TOKYO The Tokyo Stock Exchange, faced with certain losses due to slumping market volume, has begun to consider raising membership fee. Shrinking volume meant the exchange recorded a loss of 9.9 billion yen (S$ 128.7 million) in the year to March 31, 1991 and has78 words
-
Article107 1991-10-12 5 LONDON Accountants Price Waterhouse sought a UK High court ruling on Thursday on whether they can cooperate freely in giving information to a British judicial inquiry into the Bank of Credit and Commerce International affair. The BCCI was shut in several countries on July 5107 words
-
Article67 1991-10-12 5 WASHINGTON The Federal Reserve Board is considering establishing a special unit to probe foreign bank fraud cases such as Bank of Credit and Commerce International and Banca Nazionale del Lavoro, the Senate Banking Committee was told. In a letter to committee chairman Donald Riegle, general67 words
-
Article94 1991-10-12 5 NEW YORK Merrill Lynch struck back against allegations reported on Wednesday of illegal "parking" of securities, saying its former client's accountants were fully aware of transactions between it and Guarantee Security Life Insurance. Merrill chairman William Schreyer said in an internal letter to employees that Guarantee's94 words
-
-
279 1991-10-12 5 Reuter SEOUL The Bank of Korea (BoK) said it was suspending foreign currency exchange dealing at Manufacturers Hanover Trust Co's Seoul branch from Monday to Wednesday because of foreign currency exchange irregularities. Manufacturers Hanover Trust is a subsidiary of Manufacturers Hanover Corp.Reuter - 279 words
-
-
Page 5 Advertisements
-
Advertisement202 1991-10-12 5 t Year-end I Celebration Package J®!!** I Celebrations, Birthdays, Baby 'Full Moon', Bj| I Anniversaries, Company Dinners, Promotions or K If when your team clinches that all important deal... r Come, celebrate your end of the year occasions with our specially prepared B "Year-end Celebration Package". For only $35.00 nett202 words
-
-
THE REGION
-
NOTE BOOK
-
85 1991-10-12 6 MANILA Governments in Asia will fall one after the other and will be replaced by equally unstable regimes if poverty in the region is not eradicated by the year 2000, participants to a UN-organised regional conference said here yesterday. More than 800 million85 words
-
Article89 1991-10-12 6 MANILA President Corazon Aquino formed a panel yesterday to negotiate a three-year orderly withdrawal of US troops from the last US military base in the country. Mrs Aquino said it was necessary to create the withdrawal committee following the Senate's rejection last month of the treaty89 words
-
Article54 1991-10-12 6 MANILA The Philippine government has lowered its gross national product growth forecast for 1991 to between 0.5 and one per cent. The National Economic and Development Authority said yesterday that a continued slowdown in investments, exports, services and industrial output, and a new decline in agriculture,54 words
-
Article58 1991-10-12 6 CANBERRA Australia's Labor government defeated a vote of no-confidence on Thursday over its unemployment record after statistics showed that more than one in 10 Australian workers were without jobs in September. The unemployment rate jumped to an eight-year high of 10.2 per cent or 872,100 people58 words
-
Article82 1991-10-12 6 JAKARTA The Jakarta-appointed governor of East Timor has ruled out a referendum to decide the status of the former Portuguese colony. "You'd better believe it that there will be no referendum," Mario Viegas Carrascalao was quoted as saying. Mr Carrascalao was speaking in Dili, capital82 words
-
Article72 1991-10-12 6 BANGKOK France is to host a meeting of a dozen rich nations here next week to discuss ways of restoring international financial aid to Vietnam in spite of US opposition. A source said the meeting would focus on how to achieve a balance between lifting72 words
-
Article65 1991-10-12 6 BANGKOK Thailand is building a full-fledged "blue water" navy to protect merchant shipping in anticipation of a US naval pull-out of the South-east Asian region. "We look at the scenario in which the US forces withdraw from South-east Asia and countries in the region65 words
-
Article54 1991-10-12 6 KUALA LUMPUR Malaysia has warned its people suffering from respiratory problems to stay indoors as a forest fwe-induced haze continues to blanket large parts of Southeast Asia. The haze is now six weeks old but the concentration of dust particles in the atmosphere has quadrupled over54 words
-
-
284 1991-10-12 6 AFP JAKARTA Indonesia is expected to call for international tenders to build its first nuclear power plant in the next two years, according to officials of the Atomic Energy of Canada Ltd (AECL). vA Japanese consultancy firm had just begun aAFP - 284 words
-
212 1991-10-12 6 AFP MANILA A European bank official has warned that the Philippines' refusal to include the debt papers of its mothballed nuclear plant in a debt buy-back package would result in a loss of goodwill for the country. Gerrit Tammes, vice-chair-man of the NMB PostbankAFP - 212 words
-
239 1991-10-12 6 Reuter •fjANILA An oil consorIhim led by a Houston-based yompany has decided to go tlfread with the first phase of development of an oil field in tfce western Philippines, En<jgy Affairs Director WencesJao de la Paz said. ~Z The consortium led byReuter - 239 words
-
661 1991-10-12 6 Home buyers attracted by lower prices, relaxed investment rules Reuter HONGKONG Hongkong home buyers from tea ladies to lawyers are snapping up apartments in China's Shenzhen special economic zone to escape spiralling property prices in the British colony. But while prices are way below thoseReuter - 661 words
-
Article, Illustration41 1991-10-12 6 HONGKONG A Vietnamese boat person carrying her child past a fence strung with barbed wire in the Shek Kong Detention Centre on Thursday. It is rumoured that the British territory will commence mandatory repatriation soon.41 words
-
376 1991-10-12 6 Bernama KUALA LUMPUR Malaysia will have to rely more on domestic investment for continued growth of its manufacturing sector as investors from Europe and the United States are looking elsewhere following recent international developments, a senior Malaysian Industrial Development Authority officialBernama - 376 words
-
302 1991-10-12 6 Reuter MANILA Lending policies of the International Monetary Fund (IMF) and World Bank in the Philippines have led to increased poverty and environmental destruction, according to a leading British charity. A report published ahead of the meeting of the World BankReuter - 302 words
-
Article, Illustration521 1991-10-12 6 But confidence in New Zealand sliding back down Reuter SYDNEY Rising expectations in Australia confirm the economy is pulling out of its recession, but the confidence of businessmen in New Zealand is sliding back down, according to consultants Dun and Bradstreet (D B). TheReuter - 521 words
-
-
THE WORLD
-
271 1991-10-12 7 Kooi Cho Teng - Forum also raises possibility of discount rate cut By Kooi Cho Teng SINGAPORE Japan's rate of growth in 1992 is likely to be about 3.2 per cent compared with an estimated 3.3 per cent this year, says a leading Japanese analyst. The271 words
-
504 1991-10-12 7 AP WASHINGTON Top economists polled in a survey released on Thursday believe the US economy will dodge a double-dip recession, but they have lowered their growth rate estimate for the recovery. "Despite sometimes conflicting statistical evidence, the recession has ended," said RobertAP - 504 words
-
329 1991-10-12 7 Asahi AFP BEIJING China plans to develop its high-tech industry by establishing special economic zones (SEZs) in 27 cities, including Wuhan, Xian, and Harbin, and providing tax incentives to encourage foreign investment in such areas as the production of computers, sources in the ChineseAsahi; AFP - 329 words
-
Article, Illustration27 1991-10-12 7 ZARAGOZA, Spain A group of teenagers facing a young fighting bull during traditional festivities on Wednesday honouring the Pilar Virgin, the patron saint of Spain27 words
-
409 1991-10-12 7 AFP BEIJING The economy in China seems once again to have slipped from the government's grasp, three years after it slammed the brakes on the last boom period with an austerity programme. Statistics out this week put third-quarter industrial output growth at 15AFP - 409 words
-
605 1991-10-12 7 UPI NEW YORK The coheads of Time Warner Inc should have their pay cut by a combined U5596.9 million (*****.l million) this year while David Glass, chief executive officer of Wal-Mart Stores Inc, deserves an US$ll million annual raise. Financial WorldUPI - 605 words
-
WORLD WATCH
-
98 1991-10-12 7 TOKYO The Group of Seven (G-7) leading industrialised nations have agreed to defer the payment of Soviet debt principals for six months, the Sihon Keizai Shimbun said in a dispatch from Washington yesterday. The leading economic daily said the seven countries have yet98 words
-
Article63 1991-10-12 7 WASHINGTON New applications for unemployment insurance benefits rose again in late September, the Labour Department said on Thursday, as the economy's recovery from recession remained too weak to boost hopes of employment. Claims for jobless pay rose to a seasonally adjusted 435.000 in63 words
-
Article78 1991-10-12 7 SEOUL South Korea's Foreign Minister pledged diplomatic pressure on North Korea yesterday, warning that the hardline communist state will be able to produce atomic bombs before 1995. "We have fresh observations that North Korea will be able to produce nuclear weapons before 1995," Lee Sang-ock told78 words
-
Article67 1991-10-12 7 SEOUL South Korea is willing to provide at least US$5 million (558.46 million) to help North Korea establish its first special economic zone where foreign investment is encouraged with tax privileges. A three-member South Korean delegation, headed by Kim In-ho, assistant economic planning minister67 words
-
Article62 1991-10-12 7 PARIS Unappeased by the government's latest emergency aid package, farmers across France showed their anger on Thursday by hijacking produce trucks, setting fires and fighting police. Several police stations were attacked by mobs of farmers, and a Treasury Department building in the south-central town of Aurillac62 words
-
Article93 1991-10-12 7 WASHINGTON President George Bush has authorised the admission of up to 142,000 refugees to the United States in the year ahead, including 61.000 from the Soviet Union, the White House said on Thursday. In both instances, that is 11,000 more than the ceiling set on refugee93 words
-
Article85 1991-10-12 7 WASHINGTON Secretary of State James Baker met a Palestinian delegation on Thursday to obtain agreement for a Middle East peace conference but came away emp-ty-handed. Mr Baker conferred with the group for nearly five hours to eliminate what he said was the last major obstacle blocking85 words
-
-
393 1991-10-12 7 AP MOSCOW Power struggles raged unabated across the collapsing Soviet Union. Nationalists in the southern Chechen-Ingush autonomous republic in Russia took over the offices of their government saying it supported the August coup against Soviet leader Mikhail Gorbachev, the news agency Interfax reported. RussianAP - 393 words
-
-
Page 7 Advertisements
-
Advertisement26 1991-10-12 7 IV IETNAMj ■MB jjLu PALM PTE LTD 11 Dhoby Ghaut #15-06 Cathay Building I |<4|iWy Singapore 0922 I P'.. r W..l. Tel: *****30/*****89 Fax: *****33 I26 words
-
-
STOCK EXCHANGE OF SINGAPORE 1
-
Article, Illustration4744 1991-10-12 8 Carolyn Lim - By Carolyn Lim INVESTORS unexpectedly shed their lethargy yesterday to snap up selected blue chips in the last half hour of trading. The Straits Times Industrials Index jumped 7.94 points in the last 30 minutes to rack up a total of 16.394,744 words
-
-
Article3788 1991-10-12 9 Main Board DBS Foreign 1160 +50 +4.5% DBS 1150 +30 +2.7% OCBC Foreign 1020 +-25 +2.5% FAN 800 +-20 2.6% SPH 865 -"-20 +-2.4% UOB Foreign 600 20 3 4% Keppel C Wrts 424 +18 +4 4% CMB Packaging 388 +-16 +4.3% Keppel Corpn 6803,788 words
-
TOKYO STOCK EXCHANGE
-
Article, Illustration2270 1991-10-12 10 Reuter TOKYO STOCKS closed lower yesterday. Trade was thin on the one trading day between Thursday's holiday and the weekend. Brokers said prices dropped in the morning to correct a technical jump on Wednesday, and then moved little thereafter due to a lack ofReuter - 2,270 words
-
-
STOCK EXCHANGE OF HONGKONG
-
Article, Illustration1854 1991-10-12 10 SHARE PRICES on the Hongkong Stock Exchange closed lower in lacklustre trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, lost 38.24 points, closing at 4,017.98. Turnover totaled HK51.159 billion, up from Thursday's HK$ 1.073 billion. Among1,854 words
-
-
Page 10 Advertisements
-
Advertisement23 1991-10-12 10 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Telerate Managers must manage BT shows you how every Monday23 words
-
-
KUALA LUMPUR STOCK EXCHANGE
-
Article, Illustration4138 1991-10-12 11 Bernama STEADY BUYING support for quality stocks helped the sharemarket here to close higher yesterday although investors were still cautious. The KLSE Composite Index added 2.99 points to 510.96 while the industrial Index was 11.23 points higher at 956.60. Gains outnumbered falls 162Bernama - 4,138 words
-
-
Page 11 Advertisements
-
Advertisement47 1991-10-12 11 LIZ TAYLOR'S Her son gave WEDDING: n her grand-daughters THE INSIDE STORY I were the Iffrr 11 bridesmaids and JBI-v ♦< M Ifea il her ex-husband IC *WH > was commentator. Exclusive details of the Wedding of jßHi^"' *BSBF :J; l^e Year n NEWS,NEWSY From lunch-time. Monday to Saturday.47 words
-
-
REGIONAL STOCK MARKETS
-
Aussie stocks lower with sagging confidence
-
Article703 1991-10-12 12 THE Australian share market closed slightly lower yesterday in nervous trade as falls in offshore markets continued to sap investor confidence. Brokers said trade was patchy as most investors retreated to the wings to await positive economic news. "People are waiting for an interest rate cut, more solid news,703 words
-
Article722 1991-10-12 12 SHARE PRICES eased yesterday on profit-taking with many investors unwilling to hold their shares over the four-day long weekend, brokers said. "They sold to reap the profits from Thursday's price rises," said a broker at Ekachart Finance and Securities Co. The SET Index ended 5.51 points lower at 639.09722 words
-
Article711 1991-10-12 12 THE JAKARTA stock market recovered slightly in light trading yesterday, but brokers warned it would make no difference to the overall bearish sentiment. The index rose 0.38 points to 241.94 on turnover of 1.90 million shares in the day's single session of trading. There are two sessions on other711 words
-
Article516 1991-10-12 12 SHARE PRICES mostly rose yesterday on bargain-hunting and added inspiration from Wall Street's overnight gains, news of oil exploration next month in the western Philippines and profits reported by a blue chip bank. The Manila Stock Exchange Composite Index closed 10.74 points higher at 978.81. "We feel that the516 words
-
Article846 1991-10-12 12 SEOUL STOCKS declined sharply yesterday in brisk trading partly on profittaking and on rumours, later denied, that a local bank planned a rights issues, brokers said. Market sentiment cooled down in the afternoon because of a noon daily economic newspaper's report that the stock exchange was investigating whether some846 words
-
Article513 1991-10-12 12 TAIWAN STOCKS opened higher yesterday after the peaceful conclusion of Thursday's National Day celebrations, at which political protests had been feared. But profit-taking and losses in Hong Kong's market then pulled share prices lower. The weighted index closed at 4,813.20, 12.28 points lower than Wednesday's 4,825.48 finish. Turnover fell513 words
-
Article100 1991-10-12 12 NEW ZEALAND shares ended slightly higher on moderate volume yesterday, with strong support for Carter Holt Harvey and some second tier stocks being a feature of the day's trade. CHH ended seven cents higher at NZ$l.B3 and Goodman Fielder was up two at NZ$2.4B while market heavyweights Telecom at100 words
-
Article95 1991-10-12 12 SHARE PRICES recovered on heavy buying from state-owned mutual funds yesterday, reversing falls sparked by the tight credit policy announced by the Reserve Bank of India (RBI) on Tuesday, brokers said. The Bombay Stock Exchange index rose 35.97 points to 1,752.50. The National Index was up 10.71 points at95 words
-
Article597 1991-10-12 12 Close Previous Oct II AUSTRALIA All Ordinaries Index 1,555.1 1,557.5 -2.4 All Industrials Index 2.417.9 2.418.3 -0.4 All Resources Index 896.1 899.1 -3 Turnover (million) 91.4 108 -16.6 BANGKOK SET Index 639 09 644 60 -5.51 Turnover (billion baht) 1.79 2.04 -0.25 JAKARTA Composite Index 241.94 241.56 +0.38 MANILA Composite597 words
-
-
-
Page 12 Advertisements
-
Advertisement6 1991-10-12 12 Advertising Marketing in BT every Thursday6 words
-
-
WORLD STOCK MARKETS
-
Program trading drives Dow up 30 points
-
Article, Illustration1188 1991-10-12 13 STOCK PRICES rose strongly on Thursday, despite growing investor concern about the prospect of lower corporate earnings. After a lacklustre morning and early afternoon, the Dow Jones Industrial Average surged to close at 2,976.52, up 30.19 points. Analysts said the increase was largely a result of program trading.1,188 words
-
Article, Illustration696 1991-10-12 13 SHARES PRICES were lower on the London Stock Exchange at midday yesterday. At 1108 GMT, the broad-based Financial Times-Stock Exchange 100share index was down 2.7 points at 2,568.1. Volume was 598.1 million shares. On Thursday, shares fell on growing concern that the Conservatives will lose the next election, and696 words
-
Article296 1991-10-12 13 THE PARIS Bourse marked time on Thursday, as the CAC-40 stock price index closed at 1,843.64 points, up by a mere 0.01 per cent from the Wednesday close. The index had opened with a 0.24 per cent dip, then managed to rise by as much as 0.20 per cent296 words
-
Article252 1991-10-12 13 ITALIAN SHARES closed lower across the board on Thursday, driven down in thin technical trading as the bourse prepared for closure and possible disruption of the October account as the likelihood of a floor traders' strike increased. The MIB All-Share Index closed 1.17 per cent lower at 1,011, although252 words
-
Article322 1991-10-12 13 GERMAN SHARE prices scrambled up on Thursday to end only just above Wednesday's close as bargain hunting followed early weakness, pushing the blue chip DAX index up from a low just above technical support at 1,550 points. "Prices recovered in the course of the session on short covering and322 words
-
Article247 1991-10-12 13 AFTER A moderate opening with quite brisk volume, dealings on the Zurich bourse yesterday slowed down and Swiss shares lost some of their early gains to trade only a touch higher at midsession, brokers said. The all-share SPI index added 2.4 points to 1,078.0 after topping at 1,079.9 and247 words
-
Article140 1991-10-12 13 PRICES on the Stockholm bourse closed an average of 0.53 per cent lower on Thursday, stung by worse-than-ex-pected inflation data that fuelled inflation. Domestic consumer prices for September showed a 1.1 per cent rise, against expectations of an 0.5 per cent rise. "Share prices could continue down another five140 words
-
Article146 1991-10-12 13 BELGIAN shares rose in opening trade yesterday, led by blue chip shares. The Bel-20 index rose 2.21 points or 0.20 per cent to 1,101.69 points. Dealers said they could not give a total volume, due to a failure at the bourse's BDB information system. At 1030 GMT, total volume146 words
-
Article359 1991-10-12 13 TORONTO stocks recovered from a moderate downturn at midday to e"d mixed, but they again underperformcd the Dow Jones, dealers said. "It (the TSE-300) just seems to be continuing to deteriorate," said Rolie Bradley, an institutional salesman with Maison Placements. The TSE-300 Composite Index officially closed up 5.58 at359 words
-
Article521 1991-10-12 13 Oct 10 Close Prt»ious NEW YORK Dow Jones 2,976.52 2.946 33 f 30.19 S&P 500 380.55 376.80 +3.75 Turnover (million) 164.2 186.7 -22.5 LONDON Financial Times 30 1,956.4 1,975.7 -19.3 FTSE 100 2,570.8 2.584.1 -13.3 Turnover (million) 535.3 438.5 +96.8 FRANKFURT DAX Index 1.567.95 1.567.22 +0.73 AMSTERDAM CBS Tendency Index521 words
-
-
-
Page 13 Advertisements
-
Advertisement30 1991-10-12 13 The Amsterdam market report was unavailable The Johannesburg market was closed on Thursday for Kruger Day Executive Jobs every Saturday in Business Times Innovation and Technology in BT on Tuesday30 words
-
-
CURRENCY, MONEY & FUTURES MARKETS
-
1161 1991-10-12 14 REPORTS ASIA Tokyo: The US dollar was easier in late Asia after dropping almost one yen in hectic morning trade. The US currency's fall was triggered by mark sales for yen by speculators in Singapore, which in turn spurred Tokyo interbank players1,161 words
-
Article380 1991-10-12 14 Cross rates <*tn USS SS MS Dm Yen SFr AS NZS USS" 1.6945 2.7460 1.6960 130.55 0.5838 1.4855 1.2539 1.7637 SS 0.5901 1.6205 1.0009 77.0434 0.3445 0.8767 0.7400 1.0408 j I MS 0.3642 0.6200 0.6176 47.5419 0.2126 0.5410 0.4566 0.6423 Dm 0.5896 0.9991 1.6191 76.98 0.3442 0.8759380 words
-
Article568 1991-10-12 14 Interbank rates Bid Offer Overnight 3 5/8 1-month 4 1/16 2-month 4 3/16 3-month 4 5/16 Overnight mode: 3-15/16 3 3/4 3/16 1 5/16 1 7/16 ISS Bid Off< cr 7 days 1 month 2 months 3 months 6 months 9 months 12 months 5 1/4 5 1/4568 words
-
372 1991-10-12 14 Reuter NEW YORK Trading volume in the foreign exchange market has fallen off a bit in the past year, due largely to banks' retrenchment of their trading activities. currency market participants said. "There is anecdotal evidence that there has been a reduction inReuter - 372 words
-
Article348 1991-10-12 14 Reuter LONDON The London Futures and Options Exchange (FOX) is likely to focus on its staple soft commodity and agricultural futures contracts once the current uproar over trading incentives subsides, futures industry sources said. "The buzzword will be consolidation, not the search for newReuter - 348 words
-
Article1055 1991-10-12 14 SIMEX wgug Open High Low Sett Est Vol Op/lnt Vol Dec 91 94.43 94.45 94.42 94.43 6900 ***** 4127 Mar 92 94.50 94.51 94.48 94.51 7700 ***** 5109 Jun 92 94.28 94.29 94.26 94.28 2500 7380 3041 Sep 92 93.99 93.99 93.96 93.99 1350 2063 1057 Dec 921,055 words
-
-
Page 14 Advertisements
-
Advertisement7 1991-10-12 14 On target, Chartpoint in BT on Saturday7 words
-
Advertisement19 1991-10-12 14 $j\ The Straits Times Pql Mii r «l»w OVIRMM (OITIOM I i WEEKLY OVERSEAS EDHTON Subscribe now. Call 749-2577.19 words
-
-
COMMODITIES
-
369 1991-10-12 15 Reuter SINGAPORE Singapore's bunker suppliers are facing growing competition from South Korea and Japan as port congestion here forces Singapore bunker prices above those of other ports, industry sources said. The delivered price for 180 centistokes (CST) fuel oil is around US$B4Reuter - 369 words
-
317 1991-10-12 15 Reuter MONTREAL Worldwide demand for steel is expected to rise next year from current low levels, but the battered industry faces the risk of a renewed trade turmoil and a surge of supply from cashhungry former Soviet bloc countries. Steel producers andReuter - 317 words
-
823 1991-10-12 15 REPORT THE PRICE of tin retreated three sen to M$ 14.81 per kg on the Kuala Lumpur Tin Market yesterday following heavy selling in early trade. A dealer said miners here were more interested in selling amid fears of further falls following823 words
-
-
Article1346 1991-10-12 15 v y Rubber Oct n MS (Ml hi Wt) S cents/kg Noon Close lnt 1 RSS Prompt I39.75/140.75N I39.75/I40.75N Int 1 RSS Nov 91 140.75/141.25 140.75/141.25 Int 1 RSS Dec 140.25/140 75 140.00/140.50 Int 2 RSS OP 137.50/139.50N 137.50/I39.50N Int 3 RSS OP 136.00/138.00N 136.00/138.00N Int 4 RSS OP1,346 words
-
Page 15 Advertisements
-
Advertisement11 1991-10-12 15 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
-
Advertisement478 1991-10-12 15 BUSINESS TIMES TELEPHONE: 730-5771/3772/5773 PAX: 734-4952 (Incorporated in the Republic of Singapore) LOST STOCK CERTIFICATE The following stock cernficati has bean reported lost or destroyedSTOCK UNITS CERTIFICATE NO. IN THE NAME OF OFSGOI 00 EACH *****0 Goh Beng Teik 1.000 NOTICE IS HEREBY GIVEN that if within lourtMn (14) days478 words
-
-
367 1991-10-12 16 BANGKOK Group of Seven finance ministers and central bank governors concluded an initial round of talks yesterday after discussing the world economic outlook and having what was described as "friendly" discussions on interest rates. The finance ministers from the seven367 words
-
475 1991-10-12 16 S N Vasuki - From S N Vasuki in BANGKOK WORLD monetary leaders meeting in Bangkok have moved swiftly to assure Asian nations that their needs will not be forgotten as Western eyes turn to the Soviet Union. Although events in Eastern Europe continue to occupy475 words
-
177 1991-10-12 16 WHILE official discussion at the World Bank-IMF meetings in Bangkok revolved around such thorny issues as aid to the Soviet Union, private conversation centred on the city's notorious traffic jams. Everyone had a favourite story to telL, as delegates compared notes on how long177 words
-
224 1991-10-12 16 AFP KUALA LUMPUR Malaysian Defence Minister Najib Razak said Malaysia had agreed to hold joint air and naval exercises with Singapore early next year to enhance bilateral defence ties. Mr Najib was speaking to reporters yesterday after talks with visiting SingaporeAFP - 224 words
-
147 1991-10-12 16 SINGAPORE The US Commerce Department has imposed a US$5OO,OOO (*****,000) civil fine on Cal-ifornia-based Everex Systems and one of its Asian subsidiaries for allegedly having violated the Export Administration Act and regulations. The alleged violations involve items controlled for national security reasons, Reuters147 words
-
Article, Illustration211 1991-10-12 16 SINGAPORE A relaxed Carla Hills, the US Trade Representative, was the guest of honour at a dinner hosted by the US Ambassador Robert Orr last night. Looking elegant in a green and gold top over a black skirt, Mrs Hills was ready with herPicture by Chris Loh - 211 words
-
267 1991-10-12 16 AFP HANOI The United States has warned some major international banks to stop violating the US trade embargo by transfering hundreds of millions of dollars into Vietnam, Western bankers and diplomats said here. The warnings have been delivered in theAFP - 267 words
-
438 1991-10-12 16 Kenneth James - By Kenneth James SINGAPORE United States Trade Representative Carla Hills yesterday gave a resounding affirmation of America's commitment to open markets and to lower barriers in trade and investment, within the US as much as throughout the world. Citing Singapore's economy as438 words
-
Page 16 Advertisements
-
Advertisement6 1991-10-12 16 ICHARTPOINT Every Saturday in Business Times6 words
-
Advertisement11 1991-10-12 16 IMF, World Bank loan policies do much harm: report, Pg 611 words
-
Advertisement158 1991-10-12 16 CHARTPOINTI Every Saturday in Business Times I —r Calligraphy In (lie former niiniMcr <»♦ iletemv PRC.. /S\ 'Distlnctl V e/ T/a st e Cicncral /hang Ai Ping From Beijing Hotel, China. From 12 31 October only -< Here's the authentic Sichuan cuisine youVe been i-, '.3 •> waiting fort -fv158 words
-
-
Executive Lifestyle
-
Article, Illustration1427 1991-10-12 17 Harish Mehta - EL goes for the shock treatment this week in an exclusive report on Cambodia in the aftermath of Pol Pot's atrocities. Harish Mehta makes a trip there and discovers a people still living in fear of the Khmer Rouge's return Harish Mehta The killing fields ofPhotos by Harish Mehta - 1,427 words
-
STRAWS IN THE WIND
-
Article61 1991-10-12 17 FURTHER to last week's travelling snippets from Kazakhstan, here's a tip for meat-lovers. The Kazakhs are very fond of cold cuts, which they serve at every meal, even breakfast. "It's great; it tastes exactly like ham," said one Singaporean tucking in with relish. But no. Most Kazakhs61 words
-
Article81 1991-10-12 17 WHEN IT COMES to making scientific discoveries, some scientists follow their backsides, rather than their eyes. A New Zealand newspaper recently reported a story about a bunch of botanists who went out hunting for a species of orchid thought to be extinct. They spent four hours trudging around the81 words
-
Article61 1991-10-12 17 YOU'VE SEEN CARS in the hot sun being protected by cardboard shades sometimes given away free by companies advertising their products. Just the other day, someone spotted a car with a shade that had the word "Haze" splashed all over it. No, it wasn't reporting the61 words
-
-
OPINIONS
-
Article, Illustration683 1991-10-12 18 Maggie Ford - While there is much talk about the merits of English and Mandarin, Maggie Ford wonders why no one in Singapore has mentioned Bahasa Malaysia and Indonesia, languages spoken by our two closest neighbours Maggie Ford The writer is a Jakarta-based journalist who contributes to BT A683 words
-
Article, Illustration1091 1991-10-12 18 Neville Stack - Britain's opposition Labour Party is set on challenging the very existence of the House of Lords, writes Neville Stack Neville Stack The writer is a political commentator and editorial consultant based in England. THE world has long regarded Britain as the bastion of libertiesPunch - 1,091 words
-
Article1107 1991-10-12 18 Schutz Lee - In the light of Singapore's dependence on the US for trade, and the recurrence of dumping charges, the US-Singapore bilateral framework agreement signed yesterday comes at a very good time, says Schutz Lee Schutz Lee OVER the past few weeks. Business Times has given some1,107 words
-
211 1991-10-12 18 D W Distant - D W Distant 1 AM CONVINCED that the end result of Telecom's plan to introduce time-based phone charges for local calls will be increased revenue. Telecom Singapore needs money, lots of it, for all its grandiose projects aimed at making it a world leader211 words
-
Article82 1991-10-12 18 Ms M A Joseph - Ms M A Joseph MR Chiam See Tong's views as expressed in his recent interview with BT (Monday, Oct 7, 1991), although not new, bear repeating. Yes, we can do without confrontational politics! But then in its place, there must be some positive contribution in the82 words
-
-
SPORTS
-
Article, Illustration941 1991-10-12 19 Most tennis players hang up their rackets when they get old. But not Jimmy Connors his calendar for next year is full UPI NEW YORK These old buzzards just keep circling. On Thursday, Jimmy Connors, who crosses the great divide next year when he turnsUPI - 941 words
-
307 1991-10-12 19 AFP MUNICH, Germany American Paul Azinger showed he would not easily be deprived of his BMW Open title when he returned a seven under par first round of 65 on the Nord Eichenried course here on Thursday. Azinger, a stalwart of the USAFP - 307 words
-
SIDE LINES
-
96 1991-10-12 19 BERLIN Wimbledon champion Michael Stich of Germany overpowered Jan Siemerink of the Netherlands 6-2, 6-3 on Thursday to advance to the quarter-finals of the US$3OO,OOO (S$500,000) ATP Men's Tennis Tournament in Berlin. The top-seeded 22-year-old dominated with powerful serves and smartly placed volleys, taking96 words
-
Article70 1991-10-12 19 ZURICH Marketa Kochta of Germany upset eighth-seed-ed Gigi Fernandez of the United States, 6-1, 4-6, 6-0 in the second round on Thursday at the U*****,000 (*****,000) European Indoors tennis tournament. Kochta, a 16-year-old Czechoslovak native who is the 104th-ranked player worldwide, would have faced top-seeded defending champion70 words
-
Article93 1991-10-12 19 LONDON World 10,000-metre champion Liz McColgan could miss next year's Olympics in a dispute with British track officials over a qualification procedure. According to British press reports on Thursday, the newly formed British Athletic Federation is requiring all Olympians to participate in the national trials.93 words
-
Article109 1991-10-12 19 BARCELONA Street protests will be banned during next year's Olympic Games here, as the Spanish authorities tighten security against any possible terrorist attack. Demonstrations "will not be tolerated" during the Games, said Spain's secretary of state for security, Rafael Vera, during a visit here this week.109 words
-
Article128 1991-10-12 19 WASHINGTON Disgraced Canadian sprinter Ben Johnson has parted ways with American Clyde Duncan, his third trainer since he began his comeback from a two-year steroid suspension. Duncan, a former assistant to Tom Tellez, has returned to his home in Houston, Texas, where he plans to128 words
-
-
Article, Illustration218 1991-10-12 19 Catherine Ong - From Catherine Ong in Hongkong THEY mean business and intend to earn their place in the sun. These five Singapore sailors, with coach Lawrence Hoh (second from left in picture), braved the typhoons and sweltering heat of a steamy September in Hongkong, to gear up218 words
-
Article397 1991-10-12 19 AP ST ANDREWS, Scotland The United States is sticking around this time. But Australia is going home early again. Last year, the US and Australia were the top two seeds in the Dunhill Cup golf tournament and both promptly lost in the first round. TheAP - 397 words
-
Article, Illustration901 1991-10-12 19 Former American major league baseball manager and player, Leo Durocher, left behind a volatile legacy when he died on Monday NYT PALM SPRINGS, California Leo Durocher, perhaps major league baseball's best example of the win-at-all-costs manager, one who viewed the game not as a challenging pastimeNYT - 901 words
-
-
EPICURE
-
Article, Illustration447 1991-10-12 20 Quek Swee Peng - Quek Swee Peng samples US-inspired sushi Quek Swee Peng TAKING the cue from the popularity of the California Roll at most Japanese restaurants here, Inagiku ha«L experimented further with more American-inspired sushi. The result: the Manhattan Roll and the LA Roll. The recipe: a variation of the California447 words
-
Article128 1991-10-12 20 THE AUTUMN season in Japan will be celebrated at the Inagiku restaurant with Ise oysters. Known for producing the Mikimoto pearl, the Ise oysters are found on the sea-food-rich Ise Peninsular. Chef Hideak Iriki is preparing a range of Ise specialities which will be available from128 words
-
-
LIFESTYLE
-
Article, Illustration1178 1991-10-12 21 Harish Mehta - Dr Arno Penzias, the man who confirmed that the universe was created after a Big Bang, speaks to Harish Mehta about life, death, atoms, protons, good causes and bad ones Harish Mehta Most of us have heard the sound of the creation of1,178 words
-
Article, Illustration936 1991-10-12 21 N K Yong - WINE By N K Yong Montrachet. THE name rolls off the tongue with a resonance and reverberation befitting the magnificence of the wine. For every wine lover, this is the figurative Everest of white burgundy, nay, of the world's white wines. Produce936 words
-
Article, Illustration442 1991-10-12 21 Sybil Holloway - BRIDGE By Sybil Holloway IN THE semi-final rounds of the NEC Bermuda Bowl played in Yokohama, Iceland beat Sweden 211-199, and Poland beat Brazil 261-209. The 160-board final will be played over the last three days of the championships. The NEC Venice Cup442 words
-
-
PURSUITS 1
-
Article, Illustration813 1991-10-12 22 Nirmal Ghosh - Nirmal Ghosh reflects on an exhibition of the work of Helen MacKinlay Nirmal Ghosh THE IMAGES are stark against the white of the gallery walls, but at closer range their lighting is soft, dissolving into skin-tone white and grey and the ultimate blackness of the backdrop, which813 words
-
Article, Illustration688 1991-10-12 22 Nirmal Ghosh - A 'boutique hotel' in Tanjong Pagar is reacfy to present a different experience, reports Nirmal Ghosh Nirmal Ghosh ALTHOUGH Raffles Hotel currently remains at the top of the list of must-visit places, few may have noticed that a little hotel in Tanjong Pagar has quietly opened688 words
-
Article, Illustration890 1991-10-12 22 S N Vasuki - S N Vasuki meets a lady who can put you on a plane. No big deal, you say? Ah, but it's your own private transport S N Vasuki YOU ARE a high-flying businessman based in Singapore with interests in some of the more inaccessible regions of Asia. You890 words
-
Article, Illustration793 1991-10-12 23 Susan Tsang - Susan Tsang takes a look at the paraphernalia the ancient Hans felt like taking along when they passed on Susan Tsang Singaporeans are familiar with the Chinese funeral custom of gathering a heap of the deceased's clothes and minor effects, and burning them, together793 words
-
Article, Illustration584 1991-10-12 23 Susan Tsang - Susan Tsang comes across a veritable treasure-trove of information on Susan Tsang HOW WELL do you know your carpet? Are you on first-name terms with it? Do you know your Qilims from your Qums? Your Sumats from your Bhotis? Never fear, the handmade carpet book is584 words
-
Article, Illustration694 1991-10-12 23 Ringo Liew - CD REVIEW By Ringo Liew MARIAH CAREY: Emotions As far as second albums go, Mariah Carey could have done worse. After all, Emotions finds the lady in superb voice and it's already plonked one track on the charts. Unfortunately, however, Carey has done little694 words
-
-
PERSONAL FINANCE & INVESTMENT 1
-
DON'T QOUTE ME!
-
245 1991-10-12 24 Lee Han Shih - Compiled by Lee Han Shih SHE 1 MAY BE the Grand Old Lady, and she may just have had > 160-million facelift, but that doesn't mean she is free from teething problems. Here are some we've heard about: tA card-based security system designed245 words
-
Article49 1991-10-12 24 SAIO biotechnologist Chris Tan of the Institute of Molecular a#<J Cell Biology to an Italian venture capitalist: "Invest in ujs and we will match your investment. Sink in £1 million (SSZ3 million) and we will put in one million lira." He was, of course, joking. We think.49 words
-
-
535 1991-10-12 24 Kooi Cho Teng - Singapore Computer Systems public offer closes on Oct 22. For those still unsure how to apply, Kooi Cho Teng tells you how simple it is. Kooi Cho Teng MANY small investors are still not sure how the new share listing system works. It is535 words
-
Article, Illustration600 1991-10-12 24 Najeeb Jarhom - KLCI offers more predictable reactions, compared to the STII, but there are still opportunities to bargain-hunt for resilient Singapore blue chips, says Najeeb Jarhom Najeeb Jarhom BOTH the Straits Times Industrials Index (STII) and Kuala Lumpur Stock Exchange Composite Index (KLCI) have fallen near to600 words
-
Article, Illustration866 1991-10-12 24 Chew Eng Han - It's not enough to be able to pick the right stocks; doing well in the market also requires a shrewd sense of timing. Chew Eng Han talks to Dr Tan Chong Koay who has honed this skill to a fine point- Chew Eng Han THE866 words
-
632 1991-10-12 24 IF YOU had bought into the Malaysia market on May 5, 1986, you would have tripled your capital by September this year. Put another way, you would have made a return of about 38 per cent annually on your original investment. Had you632 words
-
441 1991-10-12 24 Shoeb Kagda - By Shoeb Kagda THE SUN is shining again on US farmland. After almost a decade in the shadows, US farmland is finally seeing growing investor interest, reports Barron's, the influential American financial weekly. The recovery has been a modest 14 per cent so441 words
-
Article, Illustration1121 1991-10-12 25 S N Vasuki - The residential property market is unlikely to go into a free fall, as some people fear, but prices and rentals look set to dip. S N Vasuki reports. S N Vasuki IT IS a million-dollar question. Will Singapore's high-flying residential property market soonPicture by Arthur Lee - 1,121 words
-
Article989 1991-10-12 25 Prices as at 11.10.91 Conversion terms Premium/ 1 (discount) Amount Optional" using Company (mil Wrts Share Loan Con* Exer Lnsth Cash Cash Loan Gearing Date Mths units) stock ratio price nom Stk Left value > s Burw# 115.2 0 200 0 650 1 00 1 00989 words
-
Article, Illustration676 1991-10-12 25 Shoeb Kagda - Shoeb Kagda talks to Dr David Deßosa, who is certain that the biggest area of growth in terms i of investing is in the derivatives securities markets. Shoeb Kagda ONE is created almost every day of the year and there is is money676 words
-
-
JOBS
-
Article, Illustration1211 1991-10-12 26 Harish Mehta - Ready to return if the PPSM's right He once spent nine months behind a hotel reception desk here. Then he took off, and became an unstoppable, focused force. Today, he is the only Singaporean occupying a professor's chair in Germany. Harish Menta reports Harish Mehta PROFESSOR Trinad Chakraborty can rightly1,211 words
-
Article, Illustration334 1991-10-12 26 Michael HF Chye has been promoted to vice-president of treasury, operations corporate affairs at Probo Pacific Limited. Mr Chye, 32, joined Probo Pacific in 1988. Prior to joining Probo Pacific, he was with the Monetary Authority of Singapore in the banking and financial institutions department for about four334 words
-
306 1991-10-12 26 Asahi THE Gulf War, thmurder of three Japanese agricultural specialists on July 12 in Peru by a terrorist group and the kidnapping of two employees of Toshiba Corp on Aug 28 in Columbia have led more Japanese companies to set up crisis management systems.Asahi - 306 words
-
-
Article916 1991-10-12 27 "CHy Flight ETA Flight ETD City Flight ETA Flight ETD Abu Dhabi GA890 0050 MI217 1935 MI218 0920 Adelaide QF81 1820 SQ227 2200 ltof cM SQ417 0825 QF82 2200 Kota Kinabalu MH631 1520 MH630 0950 RJ183 0030 Kuala Lumpur MH640 0855 SQI02 0730 zr— MH630 0855916 words
-
THE TRAVEL PAGE
-
Article, Illustration696 1991-10-12 27 Tim Burt - LETTER FROM NANTUCKET By Tim Burt YVETTE, the only bag lady on Nantucket, makes a handsome living from New England's most exclusive resort. No moth-eaten coats or baggy stockings for her; she scours the streets in her own pick-up truck. Her patch is protected from outside696 words
-
Article152 1991-10-12 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3431 1.3545 Canadian dollar 1.4836 1.5061 NZ dollar 0.9490 0.9873 Sterling pound 2.8938 2.9185 US dollar 1.6910 1.6960 Local dollars to 100 units of foreign currency Austrian schilling 14.04 14.25152 words
-
Article47 1991-10-12 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser I Oct 23-29 International Levallois- Equip'Hotel **********0 Nov 5-8 International Netherlands Koninklijke ********** Exhibition for Perret, France Blenheim Trade Fair for Nederlandse Hotels. Restaur- Waste Processing Jaarbeurs ants. Cafes Recycling Institutional Environmental Catering Technology f47 words
-
-
TIME OFF
-
Article131 1991-10-12 28 Hand Dupre Guitar Duo Richard Hand and Tom Dupre have been delighting audiences around the world with their original and highly enjoyable programmes. Their performance includes: Images of Brazil by Celso Machado; Romanian Dances by Bela Bartok; and Suite for Two Guitars by Armin Kaufmann. Venue: DBS Auditorium. Today.131 words
-
Article, Illustration224 1991-10-12 28 Yasotha M - Compiled by Yasotha M Exhibition of Fine Modern Chinese Paintings and Jadeite Jewellery Sotheby's Singapore is displaying more than 100 Chinese paintings and 95 pieces of jadeite jewellery. Venue: Fxpress Place Building. Queen's Room. Today and tomorrow. 1 lam6pm. Free admission. The Spirit of Han A large collection of224 words
-
-
Article, Illustration546 1991-10-12 28 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. Rated546 words
-
-
Page 17 Advertisements
-
Advertisement315 1991-10-12 17 aa 24-hour "Loan Information Service i Approval" 3343 5 8 8 |3 3 4 3 6 8 8 Today one watch reigns supreme. R»/^Bok-#' >• v fti/ 3& iW*' 1 X $fe' ?sI 'Z&Lfj^'Vvm<<s --»'mtwfll^| I Ultra-thin Royal Oak in 18kt gold, diamonds set bezel and bracelet, full pave dial.315 words
-
-
Page 18 Advertisements
-
Advertisement29 1991-10-12 18 LETTERS TO THE EDITOR BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Road, Singapore 0923. Letters should include your contact numbers.29 words
-
-
Page 18 Miscellaneous
-
Miscellaneous39 1991-10-12 18 DOONESBURY BY GARRY TRUDEAU THAVS SOLAMS,B.P.! YOU WI &D?I THANHS FOR \'BOl.n*,lATZ. PSAUX THINK IV FALL I DCtfT R5- M UJORD 1 GUESS ITV M SHAK iOUR BO> 1 ANOKA/ I MINPIFIUSe FOR. THATOU>ROUTING-? I MEMB6R &OKAY WIPMHGei I39 words
-
-
Page 20 Advertisements
-
Advertisement182 1991-10-12 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE i A PRINCESS ...now on Fridays and Saturdays From now on, our Chinese Porridge Buffet will be served only on Fridays and Saturdays from 10.30pm to 3.30 am but at the same old prices182 words
-
Advertisement342 1991-10-12 20 ouifncGjf SUNDAY TEMPTATIONS Every Sunday, Nutmeg's brings to you exquisite culinary surprises, fine wines and champagnes and the relaxing chords of our jazz musicians. Seafood delicacies, Sunday favourites, local specialities and even a touch of American, await the family for a peaceful Sunday. For $34.50++ per person and $17.25++ per342 words
-
Advertisement229 1991-10-12 20 Why worry about breakfast or lunch on *9 PhilHrpn'Q a lazy Sunday morning? Come down for brunch with your whole family and f Activities at feast on a delectable spread of hot I dishes, soups, appetizers and rUnAjameS jmrkdtF desserts all prepared to I N Comer! T7l J tt $20229 words
-
Advertisement215 1991-10-12 20 I'l U 2>r.nL jj& nUy i J f>J Oclober 15 18 1 »\m 7pm Midnight j\\. Adult: $40+ inclusive of a beer \\v mm\ Child below 10: $20++ .ittj We serve the world to you at The Belvedere. '(Ml a t m\ L 33 L J\\y An experience you not215 words
-
-
Page 21 Advertisements
-
Advertisement153 1991-10-12 21 AND EMTCBTAiN i-V* Kfcf. a.Afl *1 \> i-v w mtm?-* t it- >-* WjlL 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++ A For reservations, ANA HOTEL pku« all 732-1222 Ml 1582/1597. TMpnon* «S)153 words
-
Advertisement103 1991-10-12 21 FOR WHO, WHAT, 1 WHERE AND WHEN IN THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES! every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends103 words
-
-
Page 25 Advertisements
-
Advertisement221 1991-10-12 25 Quick and Easy. Get instant cash for your shares i'j over the counter at any of our 28 branches *"'•< 7 tk Scripless Counters are also acceptable Loans from $2,000 to $100,000 r Borrow for one, two or three months v.z r»« Use the loan for any purpose Ij" No221 words
-
-
Page 26 Advertisements
-
Advertisement211 1991-10-12 26 Advertisement OPENING OF DHL AIR EXPRESS CENTRE The DHL Air Express the most sophisticated air chose Singapore as its first base Certre in Singapore wes officially facilities in this part of the lor the Asia-Pacific region. Now in opened by Mr Mah Bow Tan, world." 1991, Singapore is indeed rapidly211 words
-
Advertisement192 1991-10-12 26 ■imm IM VESTING SUPPLEMENT 1991 A special Business Times Survey October 29,1991 Bonus time is Just around the corner. And many of you will be looking at the numerous options of parking your hard-earned bonus. To assist you in making that important choice, Business Times has invited local and foreign192 words
-
-
Page 27 Advertisements
-
Advertisement38 1991-10-12 27 Mickey, slip into New York like the Finns do. With a superb twice-weekly service from Singapore direct to Helsinki and a daily connection non-stop to the Big Apple. Call *****77 for details. know Europr fnan start to Finraah.38 words
-
Advertisement25 1991-10-12 27 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 749 257725 words
-
Advertisement79 1991-10-12 27 -jqu only f\s goop as VT'S Pv OLD Lire LAST THR£ftTfeJ"NG L£_TT£F &£jL- L$ 8535 ASSOCIATED NEWSPAPERS LTO.. Ittl J Your Business Survival Kit We've sharpened our image and focus to help you n tame your corner of the concrete jungle. c 2 A sleeker Singapore Business 2. now gives79 words
-
-
Page 27 Miscellaneous
-
Miscellaneous268 1991-10-12 27 1 Resolute person breaks law in the beginning (8) H B J I I I I I 1 J 1 9 Put on too much weight •10 Sounds as if it might have I I I I I I r| T covered the head of an old H 11 Very268 words
-
Miscellaneous157 1991-10-12 27 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 22/12 Goudy Bangkok 32/24 Goudy Beijing 22/09 Goudy Brunei 31/24 Showers Hongkong 29/24 Goudy Jakarta 34/24 Gear Kuala Lumpur 32/23 Goudy Manila 31/24 Sunny Melbourne unav Perth 31/15 Goudy Seoul 25/08 Goudy Sydney 23/12 Sunny Taipei 26/20 Goudy Tokyo 17/16 Fair Wellington unav Europe157 words
-
-
Page 28 Miscellaneous
-
Miscellaneous1639 1991-10-12 28 TODAY'S TV mrmpmiph 11-05 Under the Umbrella Tree. [H *mw >• 1130 PefM,Kjiki,n ■■■ykAiUUHHH NN News (M). 12.15 PM Rush The KadaitMakdar Kodok, 3pm, SBC 5 Wildlife Tales: Legend of the m SBC 5 100 Azan Zohor. meets up with a poor but They've been around for Rush(Contdi kind man1,639 words
-
Miscellaneous688 1991-10-12 28 c selves from a grouchy drill SMterabharanan, sergeant played by ChristoMon, 10.30pm, SBC 12 pher Walken. Mike Nichols Soul-searcher about a musi- directs this 1988 comedy. cian who goes around feeling terribly angst-ridden and The Heart of the Matter, wondering why no one wants Wed, 10.30pm, SBC 12 to sympathise688 words
-