The Business Times, 26 October 1991
1991-10-26
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The Business Times
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Title Section10 1991-10-26 1 BusinessTimes MCI (P) 16/12/90 Weekend Edition, October 26-27 1991 75*10 words
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NEWS & MARKETS
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Article43 1991-10-26 1 THE New York stock market headed lower yesterday morning. The Dow Jones average of 30 industrials, down more than 60 points over the week's first four sessions, dropped 6.7 points to 3.009.62 at 1430 GMT in the first hour of trading.43 words
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Article31 1991-10-26 1 SHARE PRICES were lower at midday yesterday on the London Stock Exchange. At 1115 GMT, the FTSE 100-share index was down 3.4 points, or 0.13 per cent at 2,524.9.31 words
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60 1991-10-26 1 TOKYO The Japanese government reacted strongly yesterday to a US move to revive the Super 301 trade clause, which allows unilateral action against countries with trade surpluses with America. A subcommittee of the Energy and Commerce Committee of the US Congress unanimously60 words
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49 1991-10-26 1 MANILA A super typhoon swirled towards the Philippines yesterday, prompting the authorities to alert the northern region, including areas devastated by Mount Pinatubo. The Manila Weather Bureau located the typhoon, named Ruth, yesterday afternoon in the Pacific Ocean. It had winds gusting up to 285kmph.49 words
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Article29 1991-10-26 1 THE National Productivity Board is launching an ambitious programme to enlarge the pool of trainers to help Singapore workers become the world's best Page 229 words
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Article30 1991-10-26 1 ASIA DAIRIES expects to double the output of its Pandan Loop plant after a consolidation exercise, expected to be completed by the middle of next year Page 330 words
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Article, Illustration29 1991-10-26 1 Friday Change BT-MGA 693.36 -6.60 Kuala Lumpur ...530.44 -3.10 Tokyo 24.906.43 -42.83 Hongkong 3,971.90 -17.44 Sydney 1,641.6 -3.5 Thursday Change New York 3,016.32 -24.60 London 2,528.3 -32.829 words
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Article23 1991-10-26 1 Exchange rates USS SS 1.6935 100 Yen SS 1.2888 MS SS 0.6160 Money market rates Overnight 3 5/8 unch 3-month 4 unch23 words
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Article37 1991-10-26 1 London Gold AM fix USS362.00 USS2.20 Rubber S'pore Nov 141.00*/kg -0.75 M'sia Nov 227.00»/kg -0.50 KL Tin Turnover 80 tonnes +40 Spot MS 14.81/kg -0.09 Crude palm oil Turnover. 424 lots -556 Dec MS845 /tonne -237 words
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Article, Illustration402 1991-10-26 1 S N Vasuki - Proceeds of float to be used for regional expansion By S N Vasuki SINGAPORE Biscuit baron Rajan Pillai plans to set up a new holding company which will seek listing on the Stock Exchange of Singapore within 18 months. Shares in the proposed402 words
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307 1991-10-26 1 AFP JAKARTA Vietnam wants to sign the Association of South-east Asian Nations' Bali cooperation treaty and already has the backing of three of the group's six members, according to Deputy Foreign Minister Vu Khoan. The Treaty of Amity and CooperationAFP - 307 words
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164 1991-10-26 1 SINGAPORE The Straits Times Industrials Index yesterday fell 10.95 points as a 24.6-point fall on Wall Street on Thursday night prompted a wave of profit-taking on the local bourse. The STII closed at 1,408.45, but it was still up 30.47 points164 words
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363 1991-10-26 1 SINGAPORE The Indonesian government has not imposed a moratorium on new public offerings and at least three more companies arc planning to seek listings on the Jakarta Stock Exchange (JSE) by the end of the year, according to Dr Marzuki Usman, chairman363 words
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425 1991-10-26 1 William Chia - By William Chia SINGAPORE The Kuwaiti government has bought a 4.9 per cent stake in PT Bakrie Brothers, its first known investment in a listed Indonesian company. An interesting feature of the transaction is the high price paid by the Kuwaitis US$6.B6425 words
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Article90 1991-10-26 1 WRESTLING with the bulls and bears in the various stock markets can be quite a hassle. So we asked stock analysts to give you a hand by revealing their shopping and reject lists. Find out what they have to say on the Asean markets,90 words
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Page 1 Advertisements
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Advertisement114 1991-10-26 1 Nikon Th» MtorkJ's PlnMt Photographic System. COVER Citizen Ken. VI EL 1 Jfl Aircraft Schedule El 11 Commodities 18 Company News 3.4 Cryptic Crossword EL 11 Financial News 5 Futures Options }7 Gold Prices Singapore News HK Tokyo Stocks Interbank Fore* Rates 1' KLS£ 11 Money Changer Rates EL 11114 words
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Advertisement32 1991-10-26 1 OPINIONS Singapore, the Plucky Country. EL 2 Lessons from forest fires. EL 2 Normalisation of US-Viet ties will open valuable markets, Pg 6 Thai, Cambodian airlines to resume daily flights. Back Pg32 words
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Advertisement14 1991-10-26 1 PURSUITS When the Blue Danube turned red. EL 6 Interminable spy story. EL 614 words
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Advertisement128 1991-10-26 1 PURSUITS J ajy^ "I WANT YOU TO RIDE FOR ME AT ROYAL ASCOT." -a. "?—■———i——^ V-2-,^^Lr^r^ 1 \i Qill&rtlr I i x¥,'MJ"?ws^s? 1 1 V ■k A IK I f PBPP j j~- kmbsssssss^^K OMEGA. The watch that rccords the world's significant moments. L At the Olympic Games. In outer128 words
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Advertisement20 1991-10-26 1 Nikon Th» Wbrtd'sFtoMt PhdogwpNc Syttom. FINANCE Property looks set to lead the market. EL 8 Investing in wheels. EL 920 words
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Advertisement9 1991-10-26 1 JOBS Patiently carving a niche in Indonesia. EL 109 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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58 1991-10-26 2 PRIME MINISTER Goh Chok Tong will deliver the keynote address at a seminar tomorrow on the "role of community leaders in the next lap". The half-dav seminar, organised by the Marine Parade community club as part of its lOth anniversary celebrations, will58 words
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Article69 1991-10-26 2 SINGAPORE will host two regional exhibitions next week, WoodmacAsia '91 and Machine Asia '91, both of which are organised by Singapore Exhibition Services. A two-day conference on worldwide concern over the depletion ol tropical rainforests and the need to use timber resources more efficiently will be69 words
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Article44 1991-10-26 2 1 HE GROUNDS of the Istana will be open to the public on Nov 5 for Deepavali. In the afternoon, the Republic of Singapore Navy, Boon Keng Primary School, Bendemeer Primary School and Police bands will perform in the grounds.44 words
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Article76 1991-10-26 2 CHENG SAN GRC will launch its own Clean and Green campaign on Nov 3 to coincide with national Clean and Green Week to be launched on the same day. The launch, which will be attended by the GRC's four Members of Parliament Lee Yock Suan,76 words
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159 1991-10-26 2 TWO database systems now run separately by the Trade Development Board and its subsidiary Singapore Network Services will be linked to become one system next month. A TDB spokeswoman said the TDB-GlobaLink service, launched last year, and the SNS on-line information services would be159 words
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Article, Illustration542 1991-10-26 2 Chuang Peck Ming - By Chuang Peck Ming THE National Productivity Board is kicking otT an ambitious programme to enlarge the pool of trainers to help Singapore workers become the world's best. Based on recommendations of an advisory' panel of trainers headed by IBM Singapore managing director542 words
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168 1991-10-26 2 THE PUB will cut its electricity tariffs for the threemonth period beginning Nov 1. Thanks to lower fuel-oil prices, there will be a 5 per cent cut in the average unit rate for domestic and non-do-mestic users. The lower prices will apply to the168 words
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459 1991-10-26 2 Anna Teo - Strong tourism recovery reflected By Anna Teo MONTHLY visitor arrivals broke the half-million mark for the first time this year in August, the fourth consecutive month that the industry recorded growth. Reflecting a strengthening recovery of the tourism industry, the August figures also reveal459 words
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SHIPS IN PORT
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Article663 1991-10-26 2 VessH Voy No Berth Arrival Departi*e <WMl Voy No Berth Arrival Departut Marina Terminal 1 Moon 18 SOI 2510/1500 2610/0800 tfatwi Baru B100 M04 alongside 2610/2300 Primrose Isl NB139 S03 2610/2100 27 10/2000 Batammdo 1 112S M01 alongside 2510/1700 Toyofup 15 6 S06 25 10/1830 2610/0100 Brjstagi663 words
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Article1051 1991-10-26 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Baiance Rstts Ship Voy No Etb/Btr Period From To From ACX Puby 27A 27/2300 3 26/0700 26/1159 26/1400 4 26/1200 26/1459 26/1700 AVa 114S 26/2300 1 25/1500 25/1659 25/1900 2 25/1700 26/0659 26/0900 Ai Watba 62 28/1700 3 26/07001,051 words
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COMPANY NEWS 1
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Article, Illustration477 1991-10-26 3 Sylvia Wong - Production will be centralised at Pandan Loop plant after consolidation move By Sylvia Wong SINGAPORE Asia Dairies, the company formed from the F&N Dairies and Cold Storage Dairies merger, expects to double the output of its Pandan lx>op plant after a consolidation exercise which will477 words
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345 1991-10-26 3 Bernama PETALING JAYA Petaling Garden Bhd plans to gear the Lanjut Golf Resort in Kuala Rompin, Pahang, into an international resort since acquiring the biggest stake in the holding company, Lanjut Golf Resort Sdn Bhd. Petaling Garden has increased its equity stake to 44Bernama - 345 words
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203 1991-10-26 3 SINGAPORE Duta Consolidated Bhd, which is undergoing a restructuring programme, has announced the appointment of a new director and the intention of its holding company to purchase 72 acres of land in Malacca for developing a mediumand low-cost housing scheme. The203 words
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260 1991-10-26 3 MBT KUALA LUMPUR Perwaja Steel Sdn Bhd, the biggest producer of steel billets in Malaysia, will set up a rolling mill and downstream activities in Gurun, Kedah. The project, on a 275 hectare site, will involve an initial investment of about Ms7ooMBT - 260 words
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241 1991-10-26 3 Bernama KUALA LUMPUR Tajo Bricks Bhd, a Johor-bascd high technology brick manufacturing concern, will start building a clay roofing tile plant early next year, said chairman and managing director Leong Siew Choong. Commercial production at the Vts2s million plant, toBernama - 241 words
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Article, Illustration419 1991-10-26 3 Schutz Lee - By Schutz Lee SINGAPORE Fletcher Challenge Ltd (FCL) of New Zealand, through its methanol subsidiary Fletcher Challenge Methanol, has set up a storage facility for its methanol in Singapore to service customers in Asean. FCL's chief executive officer Hugh Fletcher419 words
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299 1991-10-26 3 Rahita Elias - From Rahita Elias in OAKLAND NEPTUNE Orient Line's US arm, in line with the national carrier's expansion of its services in the country, is to set up its 20th office in Kansas City, Missouri. Mr TD Foo, NOL's regional representative299 words
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COMPANY BRIEFS
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61 1991-10-26 3 KUAL-A LUMPUR Sri Hartamas said its proposed capital restructuring schcme comprising a capital reduction, debt equity conversion and rights issue was not approved. The capital issues committee, in a letter dated Oct 21, informed Sri Hartamas that its appeal to the Minister of Finance61 words
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Article62 1991-10-26 3 KUALA LUMPUR The Capital Issues Committee had approved the proposed acquisition of 49,765,144 ordinary shares of $1.00 each representing 33.18 per cent of Berjaya Singer Bhd by Berjaya Leisure Bhd from Berjaya Industrial Bhd. However, the CIC had reduced the consideration for the proposed acquisition62 words
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Article103 1991-10-26 3 KUALA LUMPUR Berjaya Group Bhd said the Capital Issues Committee had approved its proposed rights issue of M 589,685,823 nominal amount 10 per cent irredeemable convertible unsecured loan stocks on the basis of one for four. It added that the CIC had also approved its proposed103 words
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Article50 1991-10-26 3 KUALA LUMPUR Mycom Bhd announced that its wholly-owned subsidiary. Lotteries Corporation (Sabah) Sdn Bhd, had formed a wholly-owned subsidiary in the British Virgin Islands known as LC (BVI) Ltd. This subsidiary is intended as an investment and trading company and has a paid-up capital of US$2.50 words
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Article34 1991-10-26 3 SINGAPORE Singapore Automotive Engineering Ltd has informed the stock exchange that as of Oct 24, foreign shareholding in SAE was 17.80 per cent of the company's issued ordinary share capital.34 words
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Article31 1991-10-26 3 SINGAPORE Singapore Reinsurance Corporation Ltd has informed the stock exchange that Professor Tan Teck Mcng had been appointed as a director of the company, effective Oct 16.31 words
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Article25 1991-10-26 3 SINGAPORE United International Securities Ltd said that its unaudited consolidated net tangible assets backing per share at Sep 30 was $1.29.25 words
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Article36 1991-10-26 3 SINGAPORE Mr Goh Kec Song, a director of Metalock (Singapore) Ltd has informed the SES that he recently purchased 10,000 shares in Metalock at $2.20 apiece. The shares were purchased by BACS Ltd.36 words
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COMPANY BRIEFS
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106 1991-10-26 4 MANILA Philippine Airlines (PAL), set to be privatised this year, has made a first-halt' profit of 390 million pesos (Ss23 million), after posting a record loss in its previous tiseal year. PAL vice-president Enrique Santos said yesterday that the airline was "recovering", following its106 words
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Article51 1991-10-26 4 ARMONK. New York International Business Machines Corp said it filed suit against Comdisco Inc, charging it with producing counterfeit memory cards tor IBM 3090 mainframes, and leasing them to unsuspecting customers. An IBM spokesman said the company filed the suit in a US district court in51 words
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Article100 1991-10-26 4 MELBOURNE Amcor Ltd shares jumped 20 Australian cents to A 56.60 (SS8.80) after the company reported, on Thursday, a 20 per cent increase in its net profit for the financial vear ended June. 1991. (Yesterday, the shares lost 4 cents to A 56.56.) The paper and100 words
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Article42 1991-10-26 4 HONGKONG Electronics manufacturer Philips Electronics South-east Asia Holdings, a unit ot Philips Electronics NV of the Netherlands, said it will open a HKS2SO million (5554.5 million) lighting factory joint venture in China's Nanjing city on Monday.42 words
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Article64 1991-10-26 4 PERTH Australian car engine designer Orbital Engine Corp said it has applied to list its shares on the New York Stock Exchange. Chairman and chief executive officer Ralph Sarich said Orbital plans to raise about US$B7 million (S$ 147 million) from the issue of 27.264 words
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275 1991-10-26 4 BANGKOK Thai conglomerate Charoen Pokphand's marketing arm CP Consumer Products Co has plans to become the country's leading distributor by 1994, the Bangkok Post reported recently. As part of its expansion strategy, the company plans to introduce more than 20 seasoning powders and sauces275 words
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445 1991-10-26 4 Catherine Ong - From Catherine Ong in HONGKONG THE South China Morning Post. Hongkong's most profitable newspaper, is negotiating to acquire one of the territory's oldest Chinese language dailies, the Wah Kin Yat Po. Mr C S Shum, the managing director of Wah Kiu, told445 words
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334 1991-10-26 4 NYT DALLAS Citing sharply higher profits in global refining that overcame sluggish domestic demand for its products, the Exxon Corp reported on Thursday a 3.7 per cent gain in its third-quarter profits. Net income rose to US$l.l2 billion (SSI.9 billion), or 88 US centsNYT - 334 words
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Article307 1991-10-26 4 Nippon Steel, Hitachi may lose the profits game Asahi News TOKYO Nintendo Co, the Japanese video game maker, is expected to post higher profits in fiscal 1991 than such industrial giants as Nippon Steel Corp and Hitachi Ltd, officials of the companies said Oct 23.Asahi News - 307 words
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Article, Illustration338 1991-10-26 4 Said Abdullah - By Said Abdullah SINGAPORE Vietnam wants to fully tap its seafood industry, the country's fourth-largest foreign currency earner and Seasimpex, the country's state-owned company, is taking the lead. Seasimpex which is part of the Seaprodex Group, is currently revamping its production facilities338 words
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Article238 1991-10-26 4 Reuter SYDNEY Renison Goldfields Consolidated Ltd said it expects 1991/92 profit to improve on that for 1990/91. "In this early stage of the year, profits before tax are in line with those of last year and it is expected that the year end result will beReuter - 238 words
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479 1991-10-26 4 Reuter FRANKFURT German electronics group AEG AG took a first step in a longawaited restructuring, aimed at paring off all but its core businesses, with a deal to sell its AEG Kabel AG unit to Alcatel Cable of France. AEG agreedReuter - 479 words
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Page 3 Advertisements
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Advertisement182 1991-10-26 3 INVESTING 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 to182 words
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Page 4 Advertisements
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Advertisement940 1991-10-26 4 Indian Bank (Whollyowned by (iovernment <>( India) Head OfTice: 31. Kajaji Road, Madras 600 001, India BALANCE SHEET AS AT 31ST MARCH 19X9 CAPITAL LIABILITIES PROPERTY ASSETS I.Rs p Cash in hand with Reserve Bank of India State Bank I.Rs P Capital (Wholly-owned by the C>ovt. of India) Vi.00.00.0110.00 of940 words
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FINANCIAL NEWS
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Article, Illustration313 1991-10-26 5 Harish Mehta - Move represents a major policy reversal of govt By Harish Mehta SINGAPORE India is willing to open part of its totally protected insurance sector to foreign companies for the first time in more than 40 years, says the Indian Minister of State for313 words
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Article, Illustration513 1991-10-26 5 Reuter NEW YORK American Express Co said a US$BB million (Ssl49 million) loss at its key Travel Related Services (TRS) unit after a big charge contributed to its weaker overall third-quarter net of five cents per share. American Express earned 74 cents aReuter - 513 words
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197 1991-10-26 5 Reuter NEW YORK Salomon s profits earned from its admittedly improper bidding in last May's two-year note auction were surprisingly low, market sources said. Salomon said earlier it derived total profits in the range of US$3.3 million (555.59 million) to US$4.6 million from improper bidsReuter - 197 words
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Article, Illustration438 1991-10-26 5 DBS weekly currency review USD/DMK: No Breakout Yet The US dollar bounced off the support of 1.6830 marks on Monday to trade to a high of 1.7120 on Wednesday before easing to a low of 1.6940 on Thursday. The US dollar remained in range438 words
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495 1991-10-26 5 Reuter ZURICH Banks in most Efta countries are ready for the huge 19-nation European Economic Area (EEA) market that opens next year and will face few teething problems in adapting to European Community banking regulations. Banking officials from the seven-nation EuropeanReuter - 495 words
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297 1991-10-26 5 Reuter LONDON Mitsui Taiyo Kobe Bank Ltd has disposed its 4.53 per cent shareholding in Hambros, but the UK merchant bank's deputy chairman Chips Keswick said the disposal did not weaken the bank's defences against unwelcome predators. "It is quite the opposite,"Reuter - 297 words
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SMALL CHANGE
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105 1991-10-26 5 WASHINGTON In a reprieve for financially struggling banks, the Federal Deposit Insurance Corp's board decided against a Jan 1 increase in the premium that banks pay for deposit insurance. Bankers had warned a raise would force them to cut back lending to meet higher105 words
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Article83 1991-10-26 5 MILAN The Italian bourse regulatory authority Consob said it had suspended stockbroker Claudio Capelli with immediate effect. In a statement, Consob said the broker, a member of the stockbrokers' association executive committee, was being suspended for "grave irregularities". In recent days, the Milan bourse has been83 words
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Article91 1991-10-26 5 TOKYO The Ministry of Finance and the Ministry of Posts and Telecommunications are set to revamp the govern-ment-run postal savings system to bring it in line with private sector banking reforms, officials said on Wednesday. Postal savings accounts have come under fire for draining massive91 words
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Article101 1991-10-26 5 BOSTON Bank of Boston Corp Chairman Ira Stepanian said the bank was able to return to profitability in the thioJ quarter because it was able to grow revenues from its diversified businesses while keeping a lid on credit costs and operating expenses. "We are especially101 words
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Article72 1991-10-26 5 LOS ANGELES California regulators on Thursday selected an industry-backed bailout of Executive Life Insurance Co as the best solution to the insurer s failure, but said the plan would have to be clarified before it could win their final approval. John Garamendi. California's insurance commissioner. said72 words
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323 1991-10-26 5 The BCCI collapse Reuter NEW YORK New York state criminal proceedings against BCCI were delayed again on Thursday as courtappointed liquidators negotiated with state prosecutors to avoid a US$4O billion (5567.8 billion) fine against the scandal-ridden bank. The arraignment of the Luxembourg-based Bank of CreditReuter - 323 words
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617 1991-10-26 5 MARKET TALK Reuter LONDON A law suit filed against Lloyd's of London in New York this week could unleash a tide of foreign litigation that the world's largest insurance market may be powerless to resist, lawyers and insurance sources say. Sixty-four loss-making US names (Lloyd'sReuter - 617 words
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THE REGION
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NOTE BOOK
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62 1991-10-26 6 SHAH ALAM Malaysia will consider an offer by South Korea to sell military weapons costing about USS2(X) million (about ***** million), Defence Minister Datuk Seri Najib Tun Abdul Ra/ak said yesterday. He said the offer would be discussed further with South Korean Deputy62 words
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Article75 1991-10-26 6 DESARU The Malaysian government plans to open an office on Batam Island to register Indonesians wanting to work in Malaysia. Deputy Prime Minister Ghafar Baba said the government wanted to legalise foreign workers in the country to monitor their movements and ensure that they75 words
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Article81 1991-10-26 6 KUALA LUMPUR South-east Asia's climate is warming due to excessive logging of its vast tropical rainforests and rapid industrialisation, according to environmental experts. They have called for joint action by Asean to tackle the problem. "Asean should address the issue of warming in the region."81 words
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Article113 1991-10-26 6 SYDNEY The eastern states of mainland Australia New South Wales. Victoria and Queensland go onto daylight saving time tomorrow and will be 11 hours ahead of. Greenwich Mean Time instead of 10 hours until March L. South Australia goes one hour forward, to GMT plus 10V:113 words
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Article55 1991-10-26 6 DARWIN A magistrate ordered the confiscation of five fishing boats here yesterday after their Indonesian skippers admitted charges of illegal fishing. The five, from Sulawesi, were placed on good behaviour bonds of AS2OO (about SS27O) for fishing illegally in the Australian fishing zone and using a55 words
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Article98 1991-10-26 6 SUVA Fiji's Indian-led sugar growers' unions decided yesterday to go ahead with a national harvesting protest next month in defiance of a government warning. Sugar unions' leader Mahendra Chaudhry said the farmers were being pushed to the "brink of poverty" because of discrimination by the98 words
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226 1991-10-26 6 JAKARTA Indonesia is studying the possibility of asking China for technical assistance in small-scale coalfired power plants, says a report in the Jakarta Post. quoting the Minister of Mines and Energy. Mr Ginandjar Kartasasmita. Speaking to reporters after meeting with President Suharto here226 words
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541 1991-10-26 6 Maggie Ford - From Maggie Ford in JAKARTA MORE THAN 30 foreign contractors have responded to Indonesia's decision last year to allow private sector participation in the construction of new power plants, badly needed to underpin the country's industrialisation drive. During the next 15 years, Jakarta541 words
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Article, Illustration320 1991-10-26 6 BANGKOK Thirty Thai government and state enterprise projects are seeking to borrow US$2.l billion (553.57 billion) from abroad next year, according to a report in the Bangkok Post this week. The projects have already obtained in-principle approval from the External Debt Management Committee. Although320 words
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Article, Illustration325 1991-10-26 6 Reuter WELLINGTON The Australian and New Zealand governments are aiming to announce an agreement on the reduction of tax barriers by July next year. New Zealand Finance Minister Ruth Richardson said. Ms Richardson told an investments conference yesterday that reformReuter - 325 words
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228 1991-10-26 6 AFP WELLINGTON New Zealand is to sell the trees in 36 state-owned forests, but not the land they grow on, State-Owned Enterprises Minister Maurice McTigue said yesterday. Speaking at a a press conference. he said state-owned New Zealand Timberlands was for sale andAFP - 228 words
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584 1991-10-26 6 Reuter WASHINGTON THE US decision to seek normal relations with Vietnam raises alluring possibilities of eventual expanded commerce in oil. machinery and other valuables with the nation of 67 million people, analysts say. Secretary of State James Baker announced on WednesdayReuter - 584 words
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Page 6 Advertisements
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Advertisement92 1991-10-26 6 It could be a controversial deal between two stock market stars, a thought-provoking report by M university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business92 words
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THE WORLD
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419 1991-10-26 7 Reuter WOLFSBURG, Germany Former Bundesbank president Karl Otto Poehl said the world economy was faced not with a shortage of capital, as many US reports have said, but a lack of investment opportunities. Banks and investors were extremely reluctant to put funds into EasternReuter - 419 words
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304 1991-10-26 7 Reuter LONDON British businesses are becoming more confident economic recovery is imminent, but the economy is still wrestling with recession, the British Chambers of Commerce says in its third-quarter survey. Business confidence was much stronger in the third quarter and theReuter - 304 words
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285 1991-10-26 7 Area envisaged to be another Rotterdam or HK UPI UNITED NATIONS China, Mongolia and the two Koreas have agreed to jointly develop the Tumen River Delta, which would bring economic investments equal to those in Hongkong and Rotterdam in the next twoUPI - 285 words
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328 1991-10-26 7 Reuter WASHINGTON The falloff of long-lasting durable goods in September, for the second straight month, supported other recent reports that showed widespread economic weakness in the US. But economists pointed out that the fall was propelled by big downward swings in aReuter - 328 words
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Article, Illustration33 1991-10-26 7 ATHENS Masked students hurling rocks at policemen during riots in central Athens on Thursday. The students had been demanding greater funding for schools and the abolition of mid-term examinations.33 words
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469 1991-10-26 7 FT GENEVA Trade officials are "relatively optimistic but by no means euphoric" about the prospect of completing the Uruguay Round Of World Trade talks in the next four months. The political breakthroughs could take place in November, which Arthur Dunkel, director general of theFT - 469 words
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500 1991-10-26 7 The European common market Reuter PARIS The conditions are falling neatly in place for what may be a golden age of growth in Europe, but that is for the future. Right now, ministers are no longer hiding growing concern that their economies remainReuter - 500 words
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357 1991-10-26 7 Reuter LONDON A 19-nation European free-trade zone could boost business for Japanese manufacturers in Europe but is unlikely to spur them to more direct investment in non-EC countries, according to London-based Japanese economists. The 12-member European Community and the seven European FreeReuter - 357 words
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WORLD WATCH
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69 1991-10-26 7 BONN Germany has criticised a US proposal for Soviet debt deferral and says it is potentially counter-productive to keep drawing attention to Moscow's liquidity problems. "I don't think such talk in public is very helpful," said Horst Koehler, state secretary in the69 words
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Article61 1991-10-26 7 TAIPEI Indirect trade between Taiwan and China in the first eight months of 1991 inched up 41.06 per cent over the previous year to hit US$3.5l billion (about 555.9 billion), the Board of Foreign Trade (BOFT) said yesterday. The BO FT added that the booming two-way61 words
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Article93 1991-10-26 7 MEXICO CITY Talks on a North American Free Trade Agreement are just entering the negotiating stage, where the interests of the three participating nations have to be accommodated, chief Mexican negotiator Herminio Blanco said. "I won't say the negotiations will be easy," he told reporters before93 words
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Article59 1991-10-26 7 PARIS French Foreign Minister Roland Dumas said yesterday that agreement had been reached with Iran in a long-running financial dispute and that an accord would be initialed later in the day. "The negotiators have finished their work. We are going through the final details of the59 words
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Article62 1991-10-26 7 TOKYO South Africa is seeking to establish full diplomatic ties with Japan now that most economic sanctions have been lifted, Consul-General AW Kuhn said yesterday. "We are now looking for a total normalisation of relations in .the political-diplomatic field," Mr Kuhn said. "I hope it62 words
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Article83 1991-10-26 7 TAIPEI Taiwan will use its huge foreign currency reserves to finance major industrial projects in a bid to spur investment on the island, central bank governor Samuel Shieh was quoted as saying. Mr Shieh told a Cabinet meeting on Thursday that state-owned and private enterprises would83 words
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334 1991-10-26 7 Reuter LONDON China warned the US that failure to renew Most Favoured Nation trade status would seriously damage Sino-US ties. Vice-Premier Zou Jiahua, heading the highest-level Chinese delegation to visit Britain in five years, said China did not wishReuter - 334 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4150 1991-10-26 8 Chew Eng Han - By Chew Eng Han THE Straits Times Industrials Index fell 10.95 points yesterday as Wall Street's poor performance prompted a wave of profit-taking in Singapore. The index closed at 1,408.45, but it still managed to chalk up a gain of 30.47 points for the4,150 words
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Article, Illustration67 1991-10-26 8 Chew Eng Han - -By Chew Eng Han Comment THE long major decline starting from 2Q 1990 may have ended. The resistance line drawn across the various peaks was broken this week when the share shot above $1.00. This level will now serve as strong support. Look for a possible target of67 words
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Article2902 1991-10-26 9 GPB SSI.60 356 4 +1.1% Robinson 500 6 +1.2% Spore Bus 500 620 5 0.8% Amcol 25* 178 +-4 +-2.3% CMB Packaging 388 +-4 +1.0% Singmanne 50* 498 +4 +0.8% ICS 346 +2 +0.6% PM HIdgs 234 +2 0.9% Lee Kim Tah 50* 89 +IVi2,902 words
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Page 9 Advertisements
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Advertisement7 1991-10-26 9 Advertising Marketing every Thursday in Business Times.7 words
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Article3281 1991-10-26 10 H I cong Ind 50* 420 t 20 f 5.0% Esso SO* 370 f 12 4- 3.4% MTC 78' 275 f 10 3.8* Antah Hldgs 50« 144 +4 +2.9% Hume M 308 4 fl.3% Tasek Cement 258 t4 f 16% Boustead 50* 138 1 403,281 words
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Page 10 Advertisements
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Advertisement14 1991-10-26 10 Read Chartpoint, a guide to investing in the stock market, every Saturday in BT14 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4406 1991-10-26 11 Bernama THE SHARP RISES over the last three sessions led investors to go for profits, resulting in share priees easing to a lower close yesterday. The KLSE all-share Emas Index at the elose dropped 0.88 of a point to 135.70 whileBernama - 4,406 words
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Advertisement52 1991-10-26 11 ii \rk S«g^sT Rashid Hussain Bhd, 6sah YouNtusiness Survival Kit We've sharpened our image and focus to heto vou tame your comer of the concrete Jungle A sleeker Singapore Business now gives you even better coverage of how oomDanie<? in the Republic and the oppoSties Singapore Business You can count52 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2354 1991-10-26 12 Reuter SHARE PRICES moved in a narrow range yesterday with most investors still sidelined. The SET Index ended 1.49 points higher at 624.04 on a turnover of 1.30 billion baht. "The market is likely to be inactive next week," said a broker at UnionReuter; SOURCE: PONT DATA - 2,354 words
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JAKARTA STOCK EXCHANGE
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1070 1991-10-26 12 Reuter JAKARTA SHARE prices slid a little further but trading was very quiet in the half-day market yesterday. The index ended 0.91 points down at 229.60 with turnover a light 1.66 million shares. Among the most active shares, real estate firm Pakuwon and IncoReuter - 1,070 words
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Page 12 Advertisements
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Advertisement8 1991-10-26 12 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF BUSINESS TRENDS8 words
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Advertisement10 1991-10-26 12 Managers must manage. Business Times shows you how every Monday.10 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2635 1991-10-26 13 Reuter TOKYO STOCKS wound down a sluggish session to close barely changed yesterday. Brokers said the market lacked direction ahead of the weekend, but arbitrage buying and revived hopes of an interest rate cut helped cushion declines. Consumer price data were in lineReuter - 2,635 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2642 1991-10-26 13 UPI Reuter PROFIT-TAKING by overseas investors dampened share prices on the Hongkong Stock Exchange yesterday but a late rebound cut the losses. The leading Hang Seng Index dipped 17.44 points to close at 3971.90. The market lost 32 points on Thursday and finished theUPI; Reuter - 2,642 words
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REGIONAL STOCK MARKETS
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Dow's fall sparks selling on Aussie market
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Article951 1991-10-26 14 THE Australian share market yesterday closed lower as investor sentiment soured due to Wall Street's overnight fall. But many brokers expect the local market to rise again next week, citing a likely cut in interest rates early next month after third quarter inflation data is released on Oct 30.951 words
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Article342 1991-10-26 14 NEW ZEALAND shares yesterday shook off Wall Street's 24.6-point fall to end higher on low turnover. The NZSE--40 Capital Index was up 8.97 points at 1,511.86 after being fairly flat in morning trade. Turnover was worth NZ$l7 million. Murray Doyle of Doyle Paterson Brown said the market tone342 words
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Article582 1991-10-26 14 SHARE PRICES yesterday finished marginally higher as investors marked time in the absence of incentives to enter the market, while hoping a bullish trend will emerge by the end of next week to perk up trading, brokers said. The Manila Stock Exchange Composite Index barely inched up by 0.04582 words
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Article748 1991-10-26 14 SHARE PRICES yesterday dropped in relatively active trading on the Korean bourse. The exchange, which slid 3.07 points to 711.29 on Thursday, lost another 3.22 points to close at 708.07. Declines led advances 441 to 239 among the 809 issues traded. Volume shrank to 21,380,000 units for a turnover748 words
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Article77 1991-10-26 14 THE MARKET was closed yesterday due to a major power failure that shut down commuter trains for more than 90 minutes. City officials said that brokers, like most commuters, were unable to get to work after the power failure closed the suburban electric rail system. On Thursday, the Bombay77 words
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Article802 1991-10-26 14 Close Previous Oct 25 AUSTRALIA All Ordinaries Index 1.641.6 1.645.1 -3.5 All Industrials Index 2,543.4 2.550.3 -6.9 All Resources Index 952 959 -7 Turnover (million) 186.68 147.46 39.22 NEW ZEALAND NZSE-40 Capital 1.511.86 1.502.89 8 97 Turnover (million) 17 22.6 -5.6 MANILA Composite Index 1,008.17 1.008.13 -f-0.04 Turnover (million) 1.010802 words
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Page 14 Advertisements
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Advertisement7 1991-10-26 14 Innovation Technology in Business Times on Tuesday7 words
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Advertisement16 1991-10-26 14 The Taiwan stock market was closed yesterday for a public holiday and will reopen on Monday16 words
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WORLD STOCK MARKETS
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Dow falls 24 points in active trading
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Article, Illustration1308 1991-10-26 15 STOCK PRICES fell in active trading on Thursday, with analysts citing concern about corporate profits and the Commerce Department's report of a larger-than-expected decline in September orders for durable goods. The Dow Jones Industrial Average was off 24.60 points, to 3,016.32. Volume on the New York Stock Exchange1,308 words
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Article389 1991-10-26 15 GERMAN shares reversed shaky gains made at the start of Thursday's session and ended around 0.6 per cent lower, breaking a three-day run of rising prices. Dealers were unable to pinpoint any reasons for the drop. They said buy orders had dried up at the higher levels although foreign389 words
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Article, Illustration690 1991-10-26 15 POOR overseas markets and political uncertainties depressed the London stock market at opening yesterday, although technical trading was cushioning the fall. The blue-chip Financial Times Stock Exchange 100-Share Index, which fell 32.8 points Thursday, was down 1.9 points to 2,526.4 by mid-morning yesterday. The narrower Financial Times 30 Index690 words
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Article419 1991-10-26 15 DUTCH shares closed lower on Thursday as a wave of profit-taking among blue chips gathered momentum through the day, dragging the rest of the market down with it. Amsterdam was already firmly in negative territory by midday, but fell further as US stocks opened lower on a bigger than419 words
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Article305 1991-10-26 15 THE PARIS Bourse managed to post a tiny gain on Thursday, the first day of the new trading month, as investors remained worried by mediocre French economic prospects and poor US economic figures released during the day. The CAC-40 stock price index opened the session with a rise of305 words
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Article443 1991-10-26 15 THE STOCK market closed very steady on Thursday as support for quality shares and positive sentiment continued to buoy share prices, dealers said. But they described trading as generally modest in the absence of fresh stimulus. Gold shares eased in line with world bullion prices as they slipped back443 words
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Article309 1991-10-26 15 TORONTO stocks tumbled across the board following weak US economic figures. but the market fared well compared to the losses in New York and London, dealers said. The bond market rose moderately on the US economic data, but stocks failed to follow suit. The TSE-300 Composite Index officially closed309 words
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Article436 1991-10-26 15 (XI 24 Clow Pitvirth NEW YORK Dow Jones 3.016 32 3.040 92 -24 6 S&P 500 385.07 187 94 -2.87 Turnover (million) 179 187.5 -8 5 LONDON Financial Times 3<) 1.936.6 1.966.1 -29 5 FTSF. KM) 2.528 3 2.561 I -32.8 Turnover (million) 595 5 406 5 +189 FRANKFURT DAX436 words
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Page 15 Advertisements
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Advertisement25 1991-10-26 15 The stock market reports for Zurich, Stockholm and Brussels were unavailable. Executive Jobs every Saturday in Business Times Innovation and Technology in BT on Tuesday25 words
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CURRENCY, MONEY & FUTURES MARKETS
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1201 1991-10-26 16 THE US DOLLAR was slightly easier against the mark in quiet late Asian trade on light selling by European traders but it remained steady against the yen. "They (European traders) were trying to bash it down but it didn't work,"1,201 words
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Article404 1991-10-26 16 Cross rates oc24 US$ S$ MS Dm Yen SFr AS NZS USS 1.6960 2.7515 1.7090 131.15 0.5877 1.4940 ***** 1.8002 SS 0.5896 1.6223 1.0077 77.3290 0 3465 0 8809 0.7530 1.0614 MS 0 3634 0.6200 0.6211 47 6649 0.2136 0.5430 0.4642 0.6543 Dm 0.5851 0.9924 1.6100 76404 words
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Article539 1991-10-26 16 Source National Westminster Bank j Interbank rates S$ Bid Offer Overnight 3 5/8 3 3/4 1-month 3 7/8 4 2-month 3 15/16 4 1/16 3-month 4 4 1/8 Overnight mode; 3-3/4 LSS Bid Offer 7 days 5 5/16 5 7/16 1 month 5 1/4 5 3/8 2 months539 words
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298 1991-10-26 16 Reuter NEW YORK David Morrison, chief international economist of Goldman, Sachs and Co. predicted the dollar will remain stable during the next three months and then rise sharply next year against the mark and other European currencies. At a Goldman, Sachs investmentReuter - 298 words
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Article392 1991-10-26 16 Reuter AUCKLAND The writing is not yet on the wall for the New Zealand dollar after it tumbled one US cent in the past day. but analysts are divided on its future direction. The usually range-bound kiwi surprised many players on Wednesday as heavyReuter - 392 words
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Article1186 1991-10-26 16 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Dec 91 94 53 94 54 94.51 94 51 5000 ***** 3877 94.54 Mar 92 94.61 94.62 94.59 94 60 7000 ***** 5013 Jun 92 94.38 94.39 94 36 94.37 1500 6145 2081 Sep 92 94 04 941,186 words
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Page 16 Advertisements
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Advertisement7 1991-10-26 16 Innovation Technology in Business Times on Tuesday7 words
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Advertisement9 1991-10-26 16 Managers must manage. BT shows you how every Monday9 words
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COMMODITIES
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282 1991-10-26 17 Reuter KUALA LUMPUR The International Natural Rubber Organisation (Inro) said it has rejected requests by some sellers to delay shipments of rubber it bought recently by one month due to supply problems. "There have been a few requests for delayed shipments but allReuter - 282 words
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147 1991-10-26 17 AFP KUALA LUMPUR A decision by the world's leading tin producers to cut back exports by 9.1 per cent is unlikely to bolster prices immediately because of the large stock overhang, tin traders said. They said that the decision by the seven producers toAFP - 147 words
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314 1991-10-26 17 Reuter LONDON Kuwait has charted a recovery timetable for its oil industry that will restore it to the front rank of petroleum exporting and refining countries, Kuwaiti oil industry sources said on Thursday. The plans are being presented to bankers who areReuter - 314 words
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822 1991-10-26 17 REPORTS THE tin price on the Kuala Lumpur Tin Market extended Thursday's loss to close at 14.81 sen per kg yesterday, down by nine sen on higher offerings. Dealers said miners started selling as they expected market to go down further.822 words
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Article1426 1991-10-26 17 Rubber octzs M$ (l» In tatet) S cents/kg K Noon Close Int I RSS Prompt 140.75/141 75N 140.00/141.OON N Int 1 RSS Nov 91 141.75/142.75 141 00/ 142.00 Int I RSS Dec 140.50/141.00 139.75/140.25 > Ini 2 RSS OP 136.75/138.75N 136.25/I38.25N Int i RSS OP 134.75/135.75N 134.25/135.25N Int 41,426 words
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Page 17 Advertisements
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Advertisement15 1991-10-26 17 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.15 words
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Advertisement622 1991-10-26 17 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF LTT MANAGEMENT SERVICES PTE. LTD. (In Members Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of LTTMANAGEMENT SERVICES PTE LTD duly convened and held at622 words
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Advertisement645 1991-10-26 17 In tfte Matter of The Companies Act Cap 50 and In the Matter ol BOOST INTERNATIONAL (PTE) LTD (In Members Voluntary Liquidation) At an Extraordinary General Meet mg ol the abovenamed Company duly convened and held at 1 Colombo Court #04-15, Sing* pore Ml 7 on Friday, ttia 25th day645 words
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354 1991-10-26 18 Sangeeta Mulchand - From Sangeeta Mulchand in MANILA SINGAPOREAN investment in the Philippines in the three months to August has exceeded that in the first five months of this year. From January to May this year, new investment hit 26.01 million pesos, a 108 per cent354 words
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311 1991-10-26 18 CEBU has adopted a programme under which local businessmen act as mentors to new foreign investors in the province. Cebu, located 500 km south of Manila, is the second busiest province after Metro Manila. And mayor Tommy Osmena said: "We know what it's like311 words
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262 1991-10-26 18 AFP BANGKOK Thai Airways International (THAI) and Cambodian Airlines have agreed to exchange daily flights, ending more than 20 years of service suspension between the two Indochinese countries. A THAI spokesman said the airline, which suspended its flights to Pochentong Airport in PhnomAFP - 262 words
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189 1991-10-26 18 AFP WELLINGTON Air New Zealand is likely to have its landing rights into Bangkok suspended next week because of a row between the Thai and New Zealand civil aviation authorities. It appears to be a tit-for-tat scrap after Wellington declined to give Thai AirwaysAFP - 189 words
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Article, Illustration44 1991-10-26 18 LONDON A Greenpeace activist carrying mock nuclear bombs past Big Ben during a protest at the Houses of Parliament on Thursday. About 300 activists carried 50 replica bombs to demand the withdrawal of all British nuclear weapons from Germany.44 words
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361 1991-10-26 18 Bernama KUALA LUMPUR Foreign investment in Malaysia amounted to M 512.8 billion (about 557.9 billion) or 56.2 per cent of the total approved capital investment in the first nine months of this year. Minister of International Trade and Industry Datuk Seri Rafidah Aziz said.Bernama - 361 words
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343 1991-10-26 18 Reuter KIEV, Soviet Union The Ukrainian parliament changed its mind yesterday and backed its government's plans for economic reform, including mass privatisation, after securing independence from Moscow. One day after rejecting detailed government plans for a separate Ukrainian currency, central bank andReuter - 343 words
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269 1991-10-26 18 AP DAMASCUS Israel said Friday it may pull out of next week's Middle East peace conference if a Palestinian delegate who openly sides with the PLO participates. An aide to the Israeli Prime Minister Yitzhak Shamir, Yossi Ahimeir, said that if SaebAP - 269 words
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Page 18 Advertisements
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Advertisement6 1991-10-26 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement48 1991-10-26 18 CHARTPOINT Every Saturday in Business Times wsn»n >. The 1990s is the decade of women bosses. But how do women cope with life at the top? Are they iron ladies? Or motherly? i. A look at she-bosses today in... weeb^ider NEW, NEWS,NEWSY BtffflHß From lunch-time. Monday to Saturday. lewMUiiH48 words
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Executive Lifestyle
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Article, Illustration1436 1991-10-26 19 Kenneth James - Kenichi Ohmae, the outspoken apostle of a world without borders, speaks to Kenneth James about the experiences that have shaped his beliefs, and explains why he thinks his controversial proposals for Singapore make sense Kenneth James EVEN THE WAY he introduces himself a casual "Ken Ohmae" suggests more1,436 words
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STRAWS IN THE WIND
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Article59 1991-10-26 19 SOME shopping centres brag about new facilities, pretty facades and numerous retail shops when they are asked to list the factors that lure the shoppers in. But at least one shopping complex has something even more exciting: it claims to be the first complex to install automatic sensor59 words
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Article145 1991-10-26 19 THEY BAN food and drinks inside MRT trains. They should ban handphones too. Or, more importantly, showoflfs with handphones. Such as the one in a train carriage at Bedok station who kept calling someone to tell him where he was. "Koh, I am now in Bedok, ah145 words
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Article43 1991-10-26 19 A GYNAECOLOGIST was throwing a party recently, when he suddenly disappeared halfway through the gaiety. When someone asked if he'd gone out to buy more drinks, one wag replied: "He went for a delivery all right but at Mount Alvemia."43 words
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OPINIONS
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95 1991-10-26 20 Harrison Carradice - Harrison Carradice Shaftesbury Dorset England I WAS interested to read the article by Tye Kim Khiat "To Each His Own" (BT, Oct 19-20). As an Englishman on my first visit to the Far East I too was shocked to hear the views on "human rights"95 words
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Article202 1991-10-26 20 D W Distant - D W Distant Singapore 0922 WHEN pedestrians lost their crossings between Lucky Plaza/Wisma Atria and C K Tang's/MRT Orchard Station and were forced underground, the PWD's explanation was that the traffic flow would improve along Orchard Road. Today it is worse than ever. The CTE tunnel202 words
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140 1991-10-26 20 D W Distant - D W Distant Singapore 0922 I BELIEVE your readers will be interested to know what has hecome of some of the more colourful share counters of past years. I'd like to share what I found as I went through the fine print of a recent140 words
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Article, Illustration1217 1991-10-26 20 Tye Kim Khiat - In Australia, nobody takes life for granted any more in this once Lucky Country, while the majority of Singaporeans take a job and the good life for granted. Tye Kim Khiat draws some lessons from this study in contrasts Tye Kim Khiat The writer is a1,217 words
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Article, Illustration1284 1991-10-26 20 Nirmal Ghosh - In 1983, 3.6 million ha of East Kalimantan forest were lost. Now. there are new fires. If we refuse to learn from the past, we must expect to pay a price, says Nirmal Ghosh Nirmal Ghosh The writer is a BT journalist THE forest fires in Kalimantan and1,284 words
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SPORTS
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Article, Illustration542 1991-10-26 21 AP SOTOGRANDE, Spain He was wheezing and he was coughing, but Seve Ballesteros wanted to get a little more off his chest. So before he started the first round of the Volvo Masters golf tournament on Thursday, he lashed out at American rival Paul Azinger,AP - 542 words
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Article824 1991-10-26 21 Helen Wright - Helen Wright on the importance of mental preparation Helen Wright Helen Wright is a lecturer with the College of Physical Education and an avid squash player and marathon runner PERHAPS more than many other athletes, marathoners know how major a role the mind plays in the successful completion824 words
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294 1991-10-26 21 AP LOS ANGELES It's been a good year for Lee Trevino on the Senior Tour. It eould have been great except for those last-round blues. It started at the Senior Classic last year at Rancho Park. "I've been getting out of the box thisAP - 294 words
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242 1991-10-26 21 AP WOKING, England Brazilian Ayrton Senna apologised on Thursday for a verbal attack on former International Motor Sports Federation president Jean-Marie Balestre after the driver had clinched the world Formula One drivers' title last week. After his second place finish on Sunday in Japan hadAP - 242 words
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239 1991-10-26 21 AFP READING Joe Johnson, the former world snooker champion who suffered a heart attack last June, showed he is back to his best here on Thursday by reaching the quarter-finals of the Rothman's Grand Prix. He caused something of an upset byAFP - 239 words
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SIDE LINES
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72 1991-10-26 21 MUNICH Bayern Munich, once Europe's mightiest club, have welcomed back Franz Beckenbauer in a bid to pull than out of the doldrums. Beckenbauer. who led Bayern to three successive European Cup victories as a player in the *****, has been taken on in an72 words
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101 1991-10-26 21 COLORADO SPRINGS Leroy Burrell will cut his distance by 90 per cent to help test a new timing device. Burrell. having run the world's second-fastest 100 metres, will be joined by some other top sprinters, including Mark Witherspoon, Floyd Hurd and Mike Marsh, in101 words
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Article89 1991-10-26 21 STOCKHOLM The world's top players Stefan Edbcrg and Boris Becker took another step down the road to a showdown in the final of the US$l million (SS 1.7 million) Stockholm Open tomorrow when they scored straight-set victories to reach the last eight. But former world89 words
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Article89 1991-10-26 21 AUTOPOLIS, Japan Jaguar, with the world sportscar constructors' title already won. go for a double in Japan tomorrow. Only Peugeot, led by reigning champion Mauro Baldi of Italy and Frenchman Phillipe Alliot. can deny them the drivers' championship. Italian Jaguar driver Teo Fabi leads the89 words
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Article69 1991-10-26 21 TORONTO Third seed Chris Dittmar successfully defended his title at the Canadian Open squash championships on Thursday when fourth-seeded fellow Australian Rodney Martin was forced to retire during the fourth game. Dittmar had the match well in hand leading 2-1 in games and holding a commanding 12-369 words
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Article48 1991-10-26 21 NEW YORK Heavyweight boxing champion Evander Holyfield will fight Italian Francesco Daniani next month. Holyfield will defend his crown in his hometown of Atlanta, Georgia, against the former European heavyweight champion on Nov 23, said Main Events chief Dan Duva. who promotes Holyfield's fights.48 words
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Article244 1991-10-26 21 Reuter RENO, Nevada Former heavyweight boxing champion George Foreman will fight ex-professional football player Jimmy Ellis in a scheduled 10-round bout in Reno, Nevada on Dec 7, promoters announced on Thursday. The fight, which was originally to have been held in the Bahamas,Reuter - 244 words
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EPICURE
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Article, Illustration613 1991-10-26 22 Quek Swee Peng - Quek Swee Peng samples exquisite Italian food at a restaurant where even the pasta flour comes from motherland Quek Swee Peng THE CHEF. The pasta master. The painter. Chef Gabriel Fratini claims to be all. The paintings lining the walls of DOMVS, the Italian restaurant at Sheraton613 words
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LIFESTYLE
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Article, Illustration820 1991-10-26 23 Sylvia Wong - Sam Twining may not have heard of teh tarek but he sure knows a lot about what goes into a good brew. Sylvia Wong meets the man behind the tea-bag Sylvia Wong IF SAM TWINING had a different name, he would probably be in the820 words
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Article, Illustration828 1991-10-26 23 N K Yong - Everybody knows steak usually goes with red wine and fish with white. But no one ever said anything about hairy crabs. Worry not, N K Yong has the answer N K Yong ABOUT two years ago, 1 mentioned in this column that one of the finest Chinese828 words
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Article, Illustration347 1991-10-26 23 Sybil Holloway - BRIDGE By Sybil Holloway Although many part scores were declared by Ns at all four tables after East had opened the bidding on Board 42 of the finals of the NEC Bermuda Bowl and Venice Cup Championships, the USA II ladies team gained five imps347 words
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PURSUITS 1
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Article, Illustration912 1991-10-26 24 Claire Leow - Claire Leow finds out about the time the Blue Danube was red Claire Leow MUSIC BOX could well have been titled Pandora's Box but director Costa-Gavras is more subtle. The movie, about a man being tried for war crimes and defended by his912 words
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Article, Illustration621 1991-10-26 24 Ringo Liew - CD REVIEW By Ringo Liew INA TURNER: Simply The Best A greatest hits collection culled from Tina Turner's solo career, t)S»CD is a rewind of one of the most anflzing comeback stories in pop music history. Making the transition from R&B headliner to has-been lounge act and621 words
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Article, Illustration770 1991-10-26 24 Susan Tsang - Susan Tsang thinks reading the book might be faster Susan Tsang rhe Russia House seems to have everything going for it an impressive cast, a screenplay by Tom Stoppard (Brazil!), based on a book by John le Carre, and even permission to shoot on location in Russia itself.770 words
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Article, Illustration928 1991-10-26 25 Susan Tsang - The traditional art of marquetry has been given a new lease of life in the hands of Yann Hervis. Susan Tsang speaks him Susan Tsang Marquetry is an art that has been with us for a long time, since as early as 8 BC, in928 words
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Article, Illustration649 1991-10-26 25 Nirmal Ghosh - President Mugabe presented the Commonwealth leaders who were in Harare recently with book on his country's elephants. Nirmal Ghosh takes a closer look at the publication Nirmal Ghosh WHEN he was little, fourth generation Zimbabwean Alan Elliott probably didn't know that he would grow up to be a649 words
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Article, Illustration620 1991-10-26 25 Genevieve Cua - Genevieve Cua meets a Filipino furniture designer who turns out art you can sit and sleep on Genevieve Cua YOU either like rattan or you don't. Some who curse the cheap stuff for catching on their clothes are hard to convince that not all rattan chairs are created620 words
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PERSONAL FINANCE & INVESTMENT
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DON'T QUTE ME!
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Article, Illustration122 1991-10-26 26 Lee Han Shih - Compiled by Lee Han Shih REPRODUCED above are the front and back views of the name card of MiniStor, the American company which is scooting around for investors to finance its plan to make the new super-small 1.8-inch disk drive in Singapore. The front has122 words
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Article194 1991-10-26 26 L IFE has taken a full circle in Japan's hotel industry. When the country was opened in the 19th century, hoteliers who wanted to offer an entirely different kind of service to the traditional Japanese inn flocked to learn about the Western way of hospitality.194 words
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Article30 1991-10-26 26 SEEN on the name card of a Fuji banker ("Call Fuji, it's the best"), the title of "Head of Future Desk". Wonder heads the current desk?30 words
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507 1991-10-26 26 Amy Balan - Warrants have been performing very well lately, thus prompting Amy Balan to pose a pertinent question... Amy Balan THE best five performing funds last month were Japanese warrants, according to the latest Hongkong Unit Trust Association survey. This was because of the507 words
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Article, Illustration580 1991-10-26 26 Najeeb Jarhom; Magdalene Ng - Property stocks promise to hog the limelight again. Najeeb Jar horn takes a technical snapshot of this sector and the overall stockmarket while Magdalene Ng zooms in for a closer look at a much-neglected counter. Parkway Holdings CHART Najeeb Jarhom Magdalene Ng The writer580 words
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Article719 1991-10-26 26 STOCK PARKWAY HOLDINGS shares look like a good buy even if the counter has been rather anaemic these past few years. Local broker Lum Chang recommends a buy on the property stock for its strong asset backing and improving earnings base. In a recent newsletter, Lum Chang719 words
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Article, Illustration182 1991-10-26 26 Chew Eng Han - Property is turning hot again. Chew Eng Han takes a closer look and finds... Chew Eng Han DBS Land: A solid base has developed at the $2 level. Wave structure of the upmove since early October looks technically impulsive (ie, strong), which means this could be aCharts by Pont Data - 182 words
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Article, Illustration156 1991-10-26 26 City Development: The technical picture looks less promising here. The upmove since August appears to be a correction, rather than a reversal, to the downtrend from March to August. Resistance at $3.90 is strong and unlikely to be broken. Suggest liquidating from $3.75 upwards. Malayan Credit: TheCharts by Pont Data - 156 words
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Article, Illustration894 1991-10-26 27 Arthur Lee - Buying a car does not make for a wise investment, says Arthur Lee. Here, he gives a breakdown of the costs incurred in owning one Arthur Lee Despite the rising cost of car ownership, Singaporeans appear to be a resilient lot, willing to fork out more then894 words
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974 1991-10-26 27 Kooi Cho Teng - Have you passed up numerous chances to make a quick killing on the stock market simply because you weren't sure about where to start? Kooi Cho Teng shows you the ropes ON _YOUR Kooi Cho Teng I: T'S not easy to make money974 words
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Article607 1991-10-26 27 Magdalene Ng - Equities are what you should be buying, if the latest survey of securities houses is to be believed, writes Magdalene Ng Magdalene Ng GLOBAL equity markets are set to run next year. According to financial journal International Financing Review, equities are expected to outperform bonds in 1992,607 words
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JOBS
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Article, Illustration1152 1991-10-26 28 Chuang Peck Ming - Chuang Peck Ming meets a management consultant who has methodically carved out a niche for himself Chuang Peck Ming LEE Siong Kec speaks very slowly, his sentences clear, his words precise. The tone is; one of tolerance and patience. 31 is business card reads "(Qanaging1,152 words
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Article, Illustration357 1991-10-26 28 Goh Boon Huat has been appointed Asian regional director of Tech Pacific. He will be responsible for the group's operations in Singapore, Malaysia, Hongkong and Taiwan. Prior to joining Tech Pacific, Mr Goh was the chief financial officer at Caltex, Malaysia. He has more than 10 years' experience357 words
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Article811 1991-10-26 28 Anna Teo - Anna Teo looks at perks in the latest Hay executive compensation survey Anna Teo Perhaps it's because cars are one of the few remaining tax shelters. COEs and high maintenance costs notwithstanding, more companies are giving away a set of wheels as an executive perk.811 words
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Article1149 1991-10-26 29 City Flight ETA Flight ETD I torn PfcaH GA890 0050 AMIMa QF81 1820 SQ227 2200 QF82 2200 lUm RJ183 0030 AflHtertUm SQ19 0755 KL838 2240 KL837 1255 SQ38 2330 GA890 2350 Aaddaad NZ21 1820 NZ22 1930 SQ338 2030 lakraia GF148 1000 ftaJUupM GA525 910 1755 21,149 words
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THE TRAVEL PAGE
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Article, Illustration827 1991-10-26 29 Roy Hodson - LETTER FROM MINORCA By Roy Hodson ANYONE aspiring to find a new contribution to the lexicon of great maritime achievements should stop reading this article at once. A circumnavigation of Minorca frankly must be described as no big deal. The distance is under 100 sea827 words
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Article152 1991-10-26 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3265 1.3379 Canadian dollar 1.4872 1.5142 NZ dollar 0.9340 0.9670 Sterling pound 2.8905 2.9152 US dollar 1.6910 1.6950 Local dollars to 100 units of foreign currency Austrian schilling 14.00 14.21152 words
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Article56 1991-10-26 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Oct 23-29 International Lcvallois- Equip 1 Hotel **********0 Nov 3 Modern Living Fair, Italy Promo*.one Exhibition for Perret, Prance Blenheim Exposition Mostre Hotels. Restaur- Oct 29-31 MacWorld Expo Hongkong World Expo ********** ants. Cafes Sl Asia '9156 words
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TIME OFF
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Article124 1991-10-26 30 An Evening with the SSO Conductor: Ikuma Dan. Flautist: Michiko Akao. Soprano: Katsura Nakazawa. Programme includes works by Mendelssohn with The Hebrides Overture, Op 26 '*Fingal's Cave"; Gounod with Faust: Ballet Music; and Ikuma Dan's Symphony No 6 "Hiroshima." Venue: Victoria C oncert Hall. Today. 8.15pm. An Evening of124 words
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Article, Illustration279 1991-10-26 30 Yasotha M - Compiled by Yasotha M A Brush with Tao: Wildlife Paintings by Waina Cheng-Ward Visual arts exhibition by Waina Cheng-Ward. Born in Lanchow, China, Waina Cheng-Ward went to England to study graphic design and then spent four years studying wildlife paintings with the renowned wildlife artist Dr Eric Ennion, who279 words
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Article, Illustration534 1991-10-26 30 Atame! If you missed it. Pedro Aldomovar's movie about a lunatic who kidnaps a porno star. Savoy 11; 1.30; 4; 7; 9 15. Hamlet. Well, Mel Gibson couldn't play Romeo so he might as well be a Shakespearean lethal weapon. He doesn't do too badly, either. Glenn Close plays534 words
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Page 19 Advertisements
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Advertisement12 1991-10-26 19 I f I < V r. STRATEGY IN THE INTERLINKED ECONOMY f j■■12 words
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Advertisement263 1991-10-26 19 DDBB W-nOw LOfn t NmHIMnOn WWt Approval" ■H334 3 5 8 8 3343 6 8 8 HISTORY IN TIME Newton. automatic in 18 ct gold or gold/steel Planetarium Copernicus, individually numbered, handmade in IN ct gold Michelangelo, automatic in 18 ct gold or gold/steel Planetarium Copernicus The Planetarium by Ulysse263 words
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Page 20 Advertisements
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Advertisement27 1991-10-26 20 BT welcomes letters from you. Address them to: The Editor, Business l imes. Times House, 390 Kim Seng Road, S'pore 0923. Letters should include your contact numbers.27 words
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Page 20 Miscellaneous
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Miscellaneous65 1991-10-26 20 DOONESBURY BY GARRY TRUDEAU AND NOUJ rrs MY 6REAT PRJVh L&& TO PRESENT TO YOU lING PRU6 QUYS OUT OF HIS I T ayfr OPiKArK TODAY'S POINT a LITE I NB6HOORHOOP BY PIAONS UXV\ ...AND... GFTTT MICHAEL J. DOONESBURY I MUZAKV&&ONS OFSONCS&Y I ANP... A&- ASV TSStf OF NBW YORK65 words
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Page 21 Advertisements
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Advertisement368 1991-10-26 21 THH COURVOISIER FCN $1 MILLION HOLE-IN-ONE GOLF TOURNAMENT Yes, there's $1 Million to be won if you score a Hole-in- Another super Porsche 96fi awaits the player who scores a One. The Courvoisier FCN $1 Million Hole-in-One tournament hole-in-one at a designated green on the hack nine Other fabulous will368 words
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Page 22 Advertisements
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Advertisement230 1991-10-26 22 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE I PRINCESS Igv 0- €^<SEB«AIEB •••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 same230 words
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Advertisement338 1991-10-26 22 j jj i PLUM'S **********11 l II 111 Goes Irresistibly Indian India. The land of culinary temptations. Indulge yourself at the Maharajah's table. 4 masterchefs from Hyatt Regency Delhi return to perform their magic at Plum's. Choose from masala, tandoori, kebabs, korma, just to name a few. We know you338 words
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Advertisement261 1991-10-26 22 aw* Why worry about breakfast or lunch on PhiMrpn'c a toy Sunday morning? Come down for brunch with your whole family and f Activities at feast on a delectable spread of hot I I dishes, soups appetizers and r unAjameS tnTtedflE desserts, all prepared to I Comer! T7J J U261 words
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Advertisement249 1991-10-26 22 W /-A j I y JHK cffilffrlte That's our prediction for you when you step into the Kubih u live bindi take you down memory lane with golden hits and evergreens. Every night it nostalgia night. You'U be mesmerized. wHHSI HR"" Sfm*i*~mSkm,— Wmkmi.mJa.4r*L<k*t*.*mlHlU ■*^OT-' K*r-kg Smmiqp Thnitp/rtm 7pm tfm. bumo,!,,249 words
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Page 23 Advertisements
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Advertisement149 1991-10-26 23 AND ENTERTAIN sj)uUtnu«(^>nU m 'rriMi 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. Tetopnona (65) 732 1222 GET FRESH AT OUR SEAFOOD PROMOTION Select any149 words
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Advertisement156 1991-10-26 23 DYNASTY GARDEN RESTAURANT «M 2 Craig Ro»4 Support OK TcUZTMtt Wjfiil ENJOY THE RICH, TANTALIZING gjßffl AND D'LIGHTFUL TASTE OF BK9 DYNASTY'S HAIRY CRAB 1 Merry Shark's Fin Set nd $1 For 10 Verso,,* I >MTt m Peking Style Comtimlk>nof'T§n> Roll fr rm Crijfy Dumpling kith Salted Egg Y *H156 words
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Page 24 Advertisements
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Advertisement37 1991-10-26 24 WOVE—BER 1991 tiL. $4.50 A YOUNGER LOVER ffii SB jf i^ CMP' fl I fek.l Bl *"1 Aj| 5l J1 r^- A •>'- n..;*%*; From your newsvendor and at newsstands, rimes the Bookshops. 7-Eleven and selected Shell stations.37 words
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Page 27 Advertisements
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Advertisement967 1991-10-26 27 I&Luchy Draws H when you deposit with Hong Leong Finance Sineapygfinance. Eg back Hong Uoog Finance's Singapore Finance's Free Gift* Lucky Draw, programme with wider range of gifts and even more exciting prizes. FREE GIFTS GRAND LUCKY DRAW Prom I? Aufufi 1991 10 29 l-ebruarv 1992. All octets**!* for <heGrind967 words
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Page 28 Advertisements
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Advertisement211 1991-10-26 28 Advertisement OPENING OF DHL AIR EXPRESS CENTRE The DHL Air Express the most sophisticated air chose 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 1991, Singapore is indeed rapidly211 words
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Advertisement19 1991-10-26 28 The smart addition to your research department 1 is only a phone call away 1 Telephone: *****63, *****66, *****8919 words
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Page 29 Advertisements
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Advertisement39 1991-10-26 29 Apart from 35 European cities, Finnair Oslo flies to Norway. With a superb twice-weekly service from Singapore to Helsinki and then on to everywhere from Berlin to Bangkok. Call *****77 for details. We know Kurope from start to Finnish.39 words
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Advertisement241 1991-10-26 29 V■i v A W 111 r A fl HHM mhhH fl A The Straits Times Wfeekly Overseas Edition. A crisp summary of happenings in Singapore. Politics, the economy, investment opportunities, appointments... And snippets on Malaysia and Jj^T<j\ Asean. A convenient tabloid delivered to you everyweek, whereever you may Be. Subscribe241 words
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Page 29 Miscellaneous
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Miscellaneous279 1991-10-26 29 6 Well-liked arsonist on 8 Where Anatole was home pL-Bl 9 Sunburn disappearing M I I whilst dancing (8) Hii Hll^d 10 Eggs alternatively rejected 11 A record that's fashionable B J__L_L_L_L_L—J Italian leader obtained for ■Hl~ WM his mountain troops (6) 12 Nicholas about to include pj|| ps| J279 words
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Miscellaneous188 1991-10-26 29 Singapore Outlook: Hazy. Report: Maximum temperature 33.1 Assoc humidity 56% Minimum temperature 24.8 Assoc humidity 97% Hours of sunshine 7.85 Rainfall in mm Nil Rainfall this month 33.2 Rainy days this month 4 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 21/12 Goudy Bangkok 32/24 Cloudy Beijing 11/00 Goudy Brunei 33/24 Showers188 words
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Miscellaneous31 1991-10-26 29 |T*4IS V<XXJK&_U)»ND SOU vcmc>U> u»W TweysKf.. 7 A VAAS UiWfWD or TWe. IF" Nbo CPvN'T st>md \*£r V BfNRBeQMe J I JS B "Tve MefsT jump ofp or 8545 c MHCHTBD31 words
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Page 30 Miscellaneous
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Miscellaneous1418 1991-10-26 30 TODAY'S TV drama th S mel coffee house? Never 6.00 News (M). mind? Savour Cantonese 99 6.30 Muqaddam. My Favourite Brunette. roast duck vicariously in this «-AL jmM 6.45 Sesat Dalam Cahaya. to of hoods. Pejer Loire jjjj WhSer,' 7.15pm 5 1040 w!rid tows. hijinks in this *1947 caper JJjJ1,418 words
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Miscellaneous701 1991-10-26 30 MOVIES ON TV An 111-Fated Student, ously he didn't make a donaWon, 10.30pm, SBC 12 tion. Stacy Keach plays the Made in 1934, this was Chi- unorthodox private eye who na's first "talkie." Looks like makes other gumshoes look a lot of dialogue in this mov- like chumps. Ie to701 words
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