The Business Times, 16 November 1991

Microfilm: NL17724
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    15 1 BusinessTimes MCI (P) 16/12/90 Weekend Edition, November 16-17 1991 THE BUSINESS PAPER FOR S-E-ASIA 75*
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  • NEWS& MARKETS
    • Article
      Dow lower
      25 1 PRICES on Wall Street opened lower yesterday, with the Dow Jones Index of leading industrials losing 3.58 points to stand at 3,059.93 points.
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    • Article
      Footsie lower
      27 1 LONDON shares were lower in early afternoon trading yesterday. At about 12:45 pm (1245 GMT), the FTSE 100share index was down 5.8 points at 2,555.8.
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    • Article
      No decision yet on special listing for Jardine Matheson
      52 1 HONGKONG The Securities and Futures Commission (SFC) and Stock Exchange of Hongkong said no decision had been made on whether to grant Jardine Matheson Holdings Ltd special listing status. Jardine shares jumped HK52.25 to HK538.75 yesterday on rumours that agreement had
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    • Article
      New evidence on Maxwell's death
      70 1 LONDON A British newspaper said yesterday it had obtained fresh evidence about the death of publishing tycoon Robert Maxwell, including the fact that the body had a small perforation below one ear. The Guardian newspaper said in a report from the Canary Islands that a
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    • Article
      Marina Village afloat
      38 1 MARINA VILLAGE International, flagship company of bankrupt Moroccan businessman Elyamani Khamis, has staved off yet another series of legal actions that would have closed down its entertainment and food complex in Marina South Page 2
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    • Article
      SAe wins US$12m deal
      34 1 SINGAPORE Aerospace has Clinched a US$l2 million (5520.4 million) sub-assembly contract from The Boeing Company, marking another milestone in the local company's push into the commercial aviation industry Page 4
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    • Article, Illustration
      STOCK INDICES
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    • Article
      CURRENCIES
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    • Article
      COMMODITIES
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  • Article, Illustration
    Singapore's third quarter growth slows to 6.5pc
    526 1  -  By Chuang Peck Ming SINGAPORE Singapore's economic growth slowed to 6.5 per cent in the July-Sep-tember quarter, down from 7.6 per cent in the first quarter and 7.1 per cent in the second, government figures released yesterday show. The third-quarter performance has trimmed
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  • Article, Illustration
    Manila plans to create growth triangle linking military bases
    371 1  -  By Harish Mehta SINGAPORE The Philippines plans to create an economic growth triangle linking military bases in Subic, Clark and Manila under a massive conversion programme that will set up a world class port and an industrial estate. The conversion of
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  • Article
    The Body Shop aims for 150 outlets in region
    236 1  -  By Claire Leow SINGAPORE The regional franchise holder of The Body Shop plans to boost her current 22 outlets to some 150 in five to eight years. Efforts to penetrate new markets such as Thailand, Indonesia and the Philippines will start
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  • Article
    S'pore govt lifts ban on investing in Vietnam and Cambodia
    387 1  -  Move instantly welcomed by Singapore businessmen By Harish Mehta SINGAPORE The Singapore government has lifted its ban on local companies investing in Vietnam and Cambodia, a move that Singapore businessmen immediately welcomed. The ban is to be lifted with effect
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  • Article
    Lock icon KL considers buying Soviet defence equipment
    211 1 Bernama LANGKAWI The government will study the Soviet Union's offer to sell it defence equipment, including jet fighters, under a package deal. Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday. He said the government would have to determine whether the offer suited Malaysia's
    Bernama  -  211 words
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      Page 1 Advertisements Column 1
      41 1 Nikon ThoW*tt'»PlnMt Photographic Syatom. COVER Publishing for children. EL 1 For martlet nfces. editorial, advertising and circuMm extensions, cat Business Times Information Service on 730-5155. Business Times address: Times House. 390 Kim Seng Road. Smgapon 0923 Tetex RS ***** Fax 733-5271.
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      21 1 OPINIONS Magic as hero an uncomfortable fit. EL 2 More on sexual harassment. EL 2 Businessmen's expectations; Sectoral analysis, Pg 3
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      17 1 PURSUITS Reviews of Dying Young White Palace EL 6 Bases shutdown good for business: Salonga, Back Pg
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      Page 1 Advertisements Column 4
      242 1 PURSUITS New lease of life for an old fort. EL 7 The movement of a watch is its heart. Precious. Delicate. For centuries craftsmen have striven to provide it with the ultimate in protection. The watches known as «Turkish» with double, triple or quadruple cases, with a festoon enamel decoration
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      20 1 Nikon Th«Wfarttf-«Rw—l WnmpipKß FINANCE Breaking new highs in HK. EL 8 Opportunities for investors in UK's prime areas. EL 9
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      14 1 JOBS Lai Kwok Seng of UOB: practising what be ■sed to teach. EL 10
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        Leisure Park to put 'Volcano' on Sentosa
        69 2 SENTOSA Development Corporation yesterday signed a building agreement with Leisure Park for the development of a $10 million multi-sensory exhibition centre on the island. The site, one of three land parcels awarded in Sentosa's fifth sale, is on lease for 30 years. Attractions
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      • Article
        NTUC's 30 yrs between covers
        55 2 TO COMMEMORATE its 30th anniversary, the National Trades Union Congress has published a collection of essays on the challenges faced by the labour movement. Contributors include labour leaders and civil servants. "30 Years On" is the NTUC's second commemorative publication. The first was a pictorial
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      • Article
        AIA buries time capsule
        60 2 THE American International Assurance Co yesterday placed a time capsule with 60 items in the foundation of the new AIA Tower in Robinson Road. The 60 items, marking the company's 60th anniversary, were contributed by staff and agency members. Contractors demolishing the old AIA building last
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      • Article
        Bidding for SBT car plates
        58 2 THE REGISTRY of Vehicles is inviting bids for car registration numbers 1 to 9999 in the SBT series from today until Nov 21. The numbers can only be used for first registration of new cars in the name of an individual or company. The minimum
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    • Article
      Marina Village stays afloat, 5 creditors paid
      362 2  -  By Dawn Tan MARINA VILLAGE International (MVI), flagship company of bankrupt Moroccan businessman Elyamani Khamis, has staved off yet another series of legal actions that would have closed down its entertainment and food complex in Marina South. BT understands that all five major
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    • Article
      PAP urged to examine branches' role and activities
      341 2 THE People's Action Party should now critically review the role and activities of its branches, its frontline units on the electoral battlefront, says Loh Meng See, chairman of the 1991 PAP convention organising committee. Writing in the November edition of Petir, the
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    • Article, Illustration
      Haitsma replaces Lim Hong Keat as SICC head
      312 2  -  By Anna Teo DUTCH business leader A J Haitsma, regional director of I-M Pacific Ltd, has succeeded Lim Hong Keat as chairman of the Singapore International Chamber of Commerce, following Mr Lim's resignation yesterday. Citing business commitments, Mr Lim, chief executive and
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    • Article
      SMA signs trade pact with Bangladesh chamber
      217 2 THE Singapore Manufacturers' Association and the Bangladesh Chamber of Industries signed a memorandum of understanding yesterday to help bring about stronger economic ties between the two countries. At the signing ceremony, the SMA also said it would lead a trade and investment delegation
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  • SHIPS IN PORT
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  • FOCUS
    • Article
      Manufacturers see dark clouds, commerce sector sees silver lining
      700 3 Third Quarter Economic Survey of Singapore Two surveys show contrasting outlook for next six months THE worst is yet to come, or at least that is what businessmen and industrialists in the manufacturing sector feel about the outlook for the six
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    • Article
      More jobs created despite slow growth
      209 3 MORE jobs were created in the third quarter despite slower economic growth. Total employment rose by 16,400, compared with 13,600 in the same period last year. Construction, the fastest growing sector, accounted for most of the extra labour 7,800. The financial and business services
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    • SURVEY SNIPPETS
      • Article
        No surprises, thanks to BT
        99 3 THE economic report on the third quarter contains no surprises, noted the Ministry of Trade and Industry's Permanent Secretary, Lam Chuan Leong. After all, Business Times had already given a "preview" of it in the past three days based on estimates of analysts and businessmen.
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      • Article
        Hemlines, bottomlines
        57 3 YOU MUST have heard about the relationship between hemlines and the behaviour of bulls and bears in the stock market. Now ladies' clothes are having an impact on Singapore's cost of living. The third-quarter consumer price index was 3.6 per cent higher than the same period last year,
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      • Article
        Buy, buy, buy
        37 3 PRIVATE consumption went up by 6.2 per cent, up from 3.8 per cent in the previous quarter. And what were consumers looking for? Television sets, radios, tape recorders and cars, according to the survey.
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      • Article
        No pain, yet
        58 3 THE financial services subsector may have contracted in the third quarter, but some banks are still doing well. The economic report says most full-licensed banks reported improved earnings, citing lower US interest rates and consequently higher spreads as primary reasons for their good showings. But they are
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      • Article
        Extra, extra, extra
        39 3 THE Economic Survey Third Quarter 1991, which is printed by Singapore National Printers, will be on sale from Monday, Nov 18. Costing $13 a copy, the survey report is available at SNP, Times and MPH bookshops.
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    • Article, Illustration
      Double bonus for hoteliers, retailers
      339 3 Commerce (+9.5%) HOTELIERS and Orchard Road retailers yesterday got the news they have been waiting for visitor arrivals from Japan in September recorded the first monthly growth this year. A total of 92,046 Japanese visitors landed on Singapore soil, up 12.3 per cent from the
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    • Article
      Growth engine losing steam?
      295 3 Construction (+22.5%) THE construction sector has emerged as Singapore's economic growth leader for the third consecutive quarter. But it may not have the momentum to sustain it for the next few years. The sector grew by 22.5 per cent, partly the result of implementation of contracts
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    • Article
      Singapore's economic report card
      9 3 Source: Department of Statistics, Singapore
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    • Article
      First fall after four strong years for financial services
      340 3 Financial/business services (+3.3%) THE financial services sub-sector contracted by 1.4 per cent in the third quarter, the first fall after four consecutive years of high double-digit growth. It pulled down the overall performance of the financial and business services sector, which
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    • Article
      Surge in sea cargo and air passenger traffic
      137 3 Transport and Comm (+8.8%) A BUOYANT recovery in sea cargo and air passenger traffic provided the main engine of growth for the transport and communications sector in the third quarter. It expanded by 8.8 per cent, up from 7.5 per cent in
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    • Article
      Sharp fall in electronics industry weighs on sector
      634 3  -  Manufacturing (+3.1%) Reports by Alvin Tay, Chuang Peck Ming, Lilian Ang, Sylvia Wong, Colin Tan Growth in the manufacturing sector slowed to 3.1 per cent in the third quarter, dragged down by a weakening electronics industry. The sector, which saw its growth
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    • Article
      Full-year investment figures may just match last year's
      302 3 INVESTMENTS in the lacklustre manufacturing sector plunged to $442 million in the third quarter, less than half the $971 million committed during the previous three months. And as the year draws to a close with no reprieve in sight for the sector,
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Amtek to buy terrace factory in Tuas
        64 4 SINGAPORE Amtek Engineering Ltd has agreed to buy a leasehold terrace factory building in Tuas from Jurong Town Corporation. Amtek yesterday said that the lease starts this month for 30 years on condition that Amtek invests at least $238,000 in plant and machinery
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      • Article
        Head of SAL audit committee
        57 4 SINGAPORE SAL Industrial Leasing Ltd yesterday said Mr Tan Chok Kian, former executive chairman of the Stock Exchange of Singapore, has been appointed to the audit committee. The audit panel's other members Colonel Hoon Sian Hock and Messrs Liew Mun Leong and Victor Chang Wing
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      • Article
        Foreigners own 17.6pc of SAE
        27 4 SINGAPORE Singapore Automotive Engineering Ltd yesterday said that foreign investors owned about 17.61 per cent of its shares as of Nov 14.
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      • Article
        Bigger loss for Grand United
        62 4 KUALA LUMPUR Grand United Holdings Bhd yesterday announced a group pre-tax operating loss of M 525.55 million (S$ 15.6 million) for the year ended June 30, widening from a loss of M$ 16.55 million a year earlier. This was despite a 132 per cent rise
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      • Article
        AMDB unit's sales to net M$70m
        47 4 KUALA LUMPUR Arab Malaysian Development Bhd's Seri Duta Condominiums is expected to rake in total sales of about Ms7o million (5542.8 million), AMDB's executive chairman, Tan Sri Azman Hashim said yesterday. The units are priced at less than M 5500,000 each.
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    • Article, Illustration
      Singapore Aerospace unit wins $20m Boeing deal
      389 4  -  First high-value sub-assembly work to be secured By Dexter Lee SINGAPORE Singapore Aerospace has clinched a US$l2-million (5520.3 million) sub-assembly contract from the Boeing Company, marking another milestone in the local company's push into the commercial aviation industry. Yesterday, Singapore Aerospace's subsidiary, SA
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    • Article
      S'pore Computer Systems makes sterling debut
      323 4  -  By Carolyn Lim SINGAPORE Singapore Computer Systems made a sterling debut yesterday stealing the limelight in an otherwise dull trading day. The counter traded as high as $1.10 before closing at $1.03, above its opening price of 98 cents. As with all new issues,
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    • Article, Illustration
      Outlook for Indon stocks improves
      558 4  -  MARKET TALK Signs of lower interest rates, better economic news give boost By Maggie Ford JAKARTA Optimism has returned to the Indonesian stock market after six months of gloom, spurred by signs of lower interest rates and better economic news. The Jakarta Stock Exchange composite
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    • Article
      Jack Chia-MPH earnings fall
      384 4  -  Group hit by recession in NZ, UK, Australia By Lee Han Shih SINGAPORE Having based many of the businesses of his Singapore-listed companies in Australia, New Zealand and the United Kingdom, Mr Jack Chia is feeling the effect of recession in these countries. Yesterday Jack-Chia MPH
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    • Article
      Bt Sembawang profits jump on back of Dedap Gardens sales
      229 4 SINGAPORE Bukit Sembawang Estates Ltd's interim bottomline grew more than 12 times from a year earlier because of profits from sales of its Dedap Gardens project. However, as Dedap Gardens is nearing completion, Bukit Sembawang emphasised in a statement yesterday
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    • Article
      GB Holdings' profits hit by poor US demand
      247 4 SINGAPORE Poor demand in the United States had led yacht builder GB Holdings Ltd to declare lower turnover and earnings for the interim period ended Sep 30. At group level, turnover fell 21 per cent to $25.54 million, while net earnings slipped
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    • Article
      M Plant to offer Kamunting shares
      322 4 SINGAPORE Malaysian Plantations Bhd intends to ofTer 75.9 million Kamunting Corp shares to its shareholders following a plan to convert MS 124.45 million (Ss76 million) one per cent convertible redeemable unsecured loan notes (CULS) in Kamunting Corp into shares. M Plant said on Thursday
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    • Article
      Fletcher Challenge tops in NZ
      616 5  -  Brierley, 6pc owned by Temasek and GIC, ranked second By Abdul Hadhi SINGAPORE Forestrybased conglomerate Fletcher Challenge Ltd (FCL) stayed ahead of its listed New Zealand competitors in terms of turnover and profits last year, despite a drop in these figures. According to a ranking
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    • Article
      Sathorn Thani plans to buy TMD stake
      399 5 BANGKOK Propertybased Sathorn Thani Ltd .plans to hold more than 25 per cent in the equity of Thai Metal Drum Manufacturing Co (TMD) and to make a tender offer for TMD shares, The Nation reported on Thursday. The property affiliate of the Wanglee
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    • Article
      Lock icon Taiwan Aerospace discussing stake in McDonnell
      248 5 Reuter TAIPEI Taiwan Aerospace Corp said on Friday it was discussing the possibility of buying a stake worth about US$2 billion (553.4 billion) in the commercial aircraft business of McDonnell Douglas Corp. "We are one of the potential candidates in the talks with McDonnell
      Reuter  -  248 words
    • COMPANY BRIEFS
      • Article
        Hongkong Telecom interim profit up 13pc
        100 5 HONGKONG Hongkong Telecom Ltd said on Thursday its net profit for the six months to September rose 13 per cent from the same period last year to HKS2.7 billion (SSSB3 million). Telecom said that international telephone growth was affected by weak economies in the
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      • Article
        Mitsui eyes stake in Brazilian firm
        95 5 RIO DE JANEIRO Mitsui Co Ltd's Brazilian subsidiary is in talks with the new owners of Mafersa to buy a 5 per cent stake in the recently privatised Brazilian maker of railway cars and buses. The private pension fund of the state railway system
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      • Article
        Packer's firms sell Nuplex shares
        84 5 AUCKLAND Interests associated with Australian investor Kerry Packer have sold their 73 per cent stake in Nuplex Industries Ltd to institutional and private investors, said organising broker Hendry, hay, Mcintosh Ltd on Thursday. They sold their 9.35 million shares at NZ$l.95 (SSl.80) per share. Nuplex,
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      • Article
        Yaohan opens eighth US store
        52 5 HONGKONG The locally-based Japanese-owned Yaohan International Co Ltd was to inaugurate its eight store in the US yesterday, the firm announced here on Thursday. The US$l5-million (Ss2s-million) shopping centre in Arlington Heights, Illinois, will be the group's 117 th store in the world, the firm's
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      • Article
        AIDC: govt guarantee extended
        79 5 SYDNEY AIDC Ltd said the Australian government's guarantee of the debt of AIDC's parent Australian Industry Development Corp will be extended by four years to 1998. "As a result, the AIDC group's borrowings undertaken on or before June 30, 1998 will be guaranteed by the (government)
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      • Article
        Indon yard can repair US warships
        60 5 JAKARTA The state-owned shipping company PT Pal has improved its facilities so it can repair US warships, BJ Habibie, Minister for Research and Technology, said on Thursday. "Negotiations with the US Navy have reached the final stage for repairs of frigates and corvettes," Mr
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    • Article
      US, Indon groups in venture to bid for Java power station
      304 5 JAKARTA Intercontinental Electric Incorporated (IEI) of the US and private domestic company PT Bimantara Bayu Nusa (BBN) have agreed to form a joint venture to establish the seventh and eighth units of a coalfired power station in Paiton, East
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    • Article
      Parent to transfer more assets to Citic Pacific
      380 5 HONGKONG China International Trust and Investment Corp Hongkong (Citic Hongkong) aims to transfer its Hongkong Telecom stake and its interest in a chemical waste treatment plant to lo-cally-listed subsidiary Citic Pacific, the South China Morning Post reported earlier this week. Citic deputy
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    • Article
      Lock icon Fuji may resume dividends in 1993
      210 5 Reuter TOKYO Fuji Heavy Industries Ltd plans to resume dividend payments as of March 31, 1993, if it achieves current profits of at least 10 billion yen (Ssl29 million) in 1992/93, senior managing director Nobuhiko Yoshida said yesterday. Fuji has paid no dividend since
      Reuter  -  210 words
    • COMPANY BRIEFS
      • Article
        Trump Plaza Hotel 3rd qtr profit rises 30pc
        61 6 ATLANTIC CITY, New Jersey The Trump Organisation's Trump Plaza Hotel and Casino said its third quarter net income rose 30 per cent to US$7.O5 million (SSI 1.8 million) from $5.45 million in the year-ago period. Revenues rose two per cent to $81.9
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      • Article
        Hoots happy with results
        68 6 LONDON UK retail and pharmaceuticals firm The Boots Co pic turned in what it called excellent first half results, but said signs of a market recovery were patchy. Pre-tax profits 'or the six months to end-September rose 2.6 per cent to -162.5 million (*****.6 million), after
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      • Article
        Turners 3rd qtr earnings up 451pc
        85 6 t !'l <A NT A, Georgia Turner Broadcasting System Inc said cn Wednesday its third-quarter earnings rose 451 per cent to US$7.4 million (5512.4 million), or 1 cent a share, compared with $1.3 million, or a 7-cent-a-share loss, in 1990s third quarter. Revenues declined
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      • Article
        Ultramar profit dives 65pc
        105 6 LONDON British oil company Ultramar, target of a £1.1 t \lmi (553.3 billion) hostile takeover bid by rival Lasmo, said on Thursday its net profit plunged 65 per cent in the third quarter of this year. Net profit in the three months to the end of
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      • Article
        One-week layoffs at Fiat
        92 6 TURIN, Italy Fiat, Italy's largest industrial group, announced on Thursday that it will lay off 13,000 workers for one week in December to curtail production in its car division. Fiat, which is controlled by the Agnelli family, has been resorting to temporary layoffs since February to
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      • Article
        Recession hits Burton results
        120 6 I ON DON Leading British fashion retailer Burton Group .nnounced on Thursday that a year of acute recession had cnt it tumbling £13.4 million (5539.8 million) into the red and warned that the long-awaited recovery remained uncertain. The group's pre-tax loss in the year to September,
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    • Article
      Lock icon Royal Dutch/Shell third quarter profits plunge 48pc
      426 6 Agencies THE HAGUE, Netherlands Anglo-Dutch oil giant Royal Dutch/Shell Group said on Thursday its net profit fell 48 per cent in the third quarter of this year to £569 million (S$ 1.7 billion), compared to the same period last year. The group made
      Agencies  -  426 words
    • Article
      Lock icon Ericsson blames loss in third quarter on weak industry
      320 6 Reuter STOCKHOLM Swedish telecommunications giant Telefonaktiebolaget L M Ericsson reported its first quarterly loss in four years due to what it called a period of unprecedented weakness in the industry. The company reported a pre-tax loss of 268 million Swedish crowns
      Reuter  -  320 words
    • Article
      Lock icon Daimler-Benz profits for nine months up 4.5pc
      368 6 Group expects satisfactory results for the year AFP STUTTGART, Germany Germany's leading industrial group, Daimler-Benz, said on Thursday its consolidated net profit rose 4.5 per cent in the first nine months of this year to 1.38 billion marks (Ssl.4 billion). Sales were up
      AFP  -  368 words
    • Article, Illustration
      Lock icon UK anti-Aids drug firm posts 28pc jump in profits
      481 6 Reuter LONDON British pharmaceutical firm Wellcome pic, maker of the world's biggest selling anti-Aids drug AZT, on Thursday said full year profits jumped 28 per cent, and the current year had begun well. It said pre-tax profits leaped to £402.9 million
      Reuter  -  481 words
    • Article
      Lock icon Walt Disney says 25pc fall in fourth quarter earnings due to weak economy
      318 6 Reuter LOS ANGELES Walt Disney Co, the theme park and entertainment giant, said on Thursday that earnings fell 25 per cent in the fiscal fourth quarter as the weak economy played havoc on domestic travel and tourism.
      Reuter  -  318 words
    • Article, Illustration
      Lock icon Weak gains for German chemicals
      466 6 MARKET TALK Sluggish US economy, global over-capacity to blame Reuter FRANKFURT, Germany Earnings at Germany's three large chemical groups remained disappointingly weak in the third quarter, due to the sluggish US economy, deteriorating trading conditions and global over-capacity. "The hoped for turnaround in the third
      Reuter  -  466 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      103 4 21" Mini-Carrier Retail Price SSSIO Samsonite's Innovative Mini-Carrier Suitcase Makes For Easier Travelling. The new 21" Mini-Carrier is part of Samsonite's latest line of Silhouette* EXL suitcases. When it's time (o roll on or off the plane, the Mini-Carrier makes it simple. A sturdy handle can be pulled from the
      103 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      78 6 5. -ft *4 50 SINGAPORE'S 25 SEXIEST MEN UNEXPECTED JOYS OF A YOUNOER LOVER V ANSWERS TO DIFFICULT INTERVIEW QUESTIONS :i r 21 PAGES OF m YOUR MARRIAGE CAN BE REBORN rv HIM TO COMMIT HAPPILY! V V v ritzy, romantic! A A A newsstands rimes the Bookshops From your
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  • FINANCIAL NEWS
    • Article
      S'pore insurers urged to merge and go regional
      414 7  -  By Shoeb Kagda SINGAPORE Direct general insurers in Singapore will have to merge and go regional if they are to expand their business in the next 10 years, says the Insurance Commissioner Actuary, Mr Law Song Keng. Addressing the first Singapore Insurance
      414 words
    • Article
      Thai firm taps Singapore market for US$35m loan
      267 7  -  By Kooi Cho Teng SINGAPORE Siam Fine China (Sifco), a subsidiary of Thailand's Siam City Cement, has tapped Singapore's capital markets for a US$35 million (5558.6 million) loan. The five-year term loan arranged by Dresdner (SEA) is fully guaranteed by the Bank
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    • Article, Illustration
      Greenback remains bearish against major currencies
      524 7 DBS weekly currency review USD/DMK: Bears abound The mood was generally consolidative for the US dollar this week as the greenback traded to a high of 1.6515 marks on Monday before easing to a low of 1.6260 on Thursday. The outlook for the US
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    • Article
      2 finance firms to launch savings scheme for youngsters
      193 7 SINGAPORE Hong Leong Finance and Singapore Finance will launch a savings account scheme for youngsters on Monday the first finance houses to do so. The scheme called the Leon Savers Club after the Hong Leong group's mascot Leon the dragon aims
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    • Article, Illustration
      Lock icon Lorrain again loses appeal to avoid extradition
      303 7 Reuter LONDON Britain's longest serving remand prisoner, former Malaysian banker Lorrain Osman, on Thursday lost another round of a marathon legal battle to avoid extradition to Hongkong, where he faces multi-million dollar fraud charges. Lorrain, 60, has spent almost six years in custody
      Reuter  -  303 words
    • Article
      Lock icon First City Bancorp posts US$59m loss
      340 7 Reuter HOUSTON First City Bancorp of Texas Inc reported a US$5B.9 million (5598.6 million) third-quarter loss on Thursday and said it has again been ordered by regulators to raise more capital or merge with another bank to stay in business. The ailing bank, plagued
      Reuter  -  340 words
    • SMALLCHANGE
      • Article
        Bank of Ireland's interim profits soar 80pc
        103 7 DUBLIN Pre-tax profits of the Bank of Ireland, boosted by a strong performance at home, rose by more than 80 per cent in half-year results announced on Thursday. But group chief executive Pat Molloy warned "clearly the year whole will be disappointing". Pre-tax
        103 words
      • Article
        Japan to scrap underwriting fees
        105 7 TOKYO The Ministry of Finance plans to scrap underwriting fees from next April that it currently pays brokers and banks for competitively auctioned 10-year government bonds, a ministry official said. The official said the need to pay fees was decreasing, given the recent trend of
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      • Article
        Barclays launches Taiwan fund
        93 7 HONGKONG The investment management arm of Barclays pic, Barclays de Zoete Wedd Investment Management Ltd (BZW), said it has listed the first Taiwan index fund on the Hongkong stock market for investment in the Taiwan securities market by non-Taiwanese investors. The Taiwan Tracker Fund Ltd will
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      • Article
        Bahrain offshore banks' assets foil
        77 7 MANAMA, Bahrain Assets of offshore banking units in Bahrain's financial centre declined by US$5OO million to US$5l billion during the second quarter of 1991, the Bahrain Monetary Agency said. It was the lowest level since 1981. Confidence has been returning to the area since Iraqi
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      • Article
        Chemical, Manufacturers cut jobs
        101 7 NEW YORK Chemical Banking Corp and Manufacturers Hanover Trust have trimmed 944 jobs since announcing their merger on July 15, and plan to trim 200 from an entire division by next week, a spokesman said. The Manufacturers Hanover spokesman, John Stefans, said 463 of the 944
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      • Article
        NZ said to be overbanked
        105 7 WELLINGTON New Zealand is overbanked and likely to remain so in 1992, KMPG Peat Marwick said in its 1991 survey of banking institutions. "We take the view, along with many other observers, that with 22 registered banks in the market, New Zealand is currently overbanked
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    • Article
      Lock icon Royal Insurance expects mortgage losses to ease
      407 7 Reuter LONDON Royal Insurance Holdings pic said it had moved the bulk of expected provisions for its UK domestic mortgage guarantee accounts into the current year and losses would ease as home repossessions slow in 1992 and after. Chief operating officer Richard Gamble
      Reuter  -  407 words
    • Article
      Lock icon French bid for Executive Life favoured
      483 7 IHT LOS ANGELES The insurance commissioner of California on Thursday selected a French group to buy the failed Executive Life Insurance Co, which was seized by regulators in April. Insurance commissioner John Garamendi said he would recommend that Executive Life go to a consortium
      IHT  -  483 words
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      44 7 GIVE A PROFESSIONAL TOUCH to your new or existing CORPORATE/INDUSTRIAL LIBRARY RECORD MANAGEMENT PROBLEMS with computer applications for making DATA BASE ONLINE RETRIEVING Call for EXPERT OPINION BY SPOT STUDY Alert International (S) Pte Ltd., 35, Selegie Road, #04-20, Paridane, Singapore 0718. Te1:*****60 Fax:*****46
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  • THE REGION
    • NOTE BOOK
      • Article
        ADB approves loans to India and Indonesia
        84 8 MANILA The Asian Development Bank (ADB) said it had approved two loans totalling US$4O2 million (about SS6BO million) for an oil project in India and a plantation project in Indonesia. The Manila-based bank approved a US$267 million loan for India's Gandhar Field Development
        84 words
      • Article
        Aussie trade mission to Hanoi
        65 8 BANGKOK An Australian trade delegation led by Trade Minister Neal Blewitt will visit Vietnam to explore ways to increase commercial contacts. The team, including 21 business leaders, will arrive today, said a Vietnamese broadcast monitored here. An earlier broadcast said the businessmen represented companies involved
        65 words
      • Article
        Peru eyes M'sia oil palm deal
        94 8 BANGI, Selangor Peru is keen to establish a joint venture on a government-to-government basis in oil palm cultivation and its by-product development, according to Palm Oil Research Institute of Malaysia (Porim) directorgeneral Datuk Dr Abdul Halim Hassan. "We have to take it (the interest
        94 words
      • Article
        Manila worries aid donors
        64 8 MANILA Foreign aid donors have expressed concern over the Philippines' inability to make full use of development assistance. But Philippine officials said that the government was initiating measures to address this problem. Finance Secretary Jesus Estanislao told reporters that as much as US$9OO million (about Ssl.s
        64 words
      • Article
        Chinese military team in Yangon
        57 8 BANGKOK A high-ranking Chinese military delegation arrived in Yangon on Wednesday for a goodwill visit, state-run Radio Rangoon said in a broadcast monitored here. The delegation, headed by Lieutenant-General Chen Xitong, deputy chief of the Chinese People's Liberation Army, was invited to the capital by
        57 words
      • Article
        Muslim body to broker talks
        69 8 MANILA The Organisation of the Islamic Conference (OIC) will broker planned new talks on a political settlement between the Philippine government and Muslim secessionist groups, an OIC official said here yesterday. Ibrahim Bakr, OIC assistant secretary-general for political affairs, told a press conference that President
        69 words
      • Article
        Japan forces for Cambodia?
        93 8 TOKYO Japan is considering sending members of its armed forces to Cambodia to clear mines, according to the head of the Japanese Defence Agency. "The Self Defence Forces (SDF) have the capacity to clear mines and are frequently undergoing training," Sohei Miyashita told a session of
        93 words
      • Article
        Hanoi may export labour
        76 8 HANOI Vietnam has adopted a new policy to liberalise and encourage the export of some of its two million unemployed workers to foreign countries. The Council of Ministers, in a decree published last week, said the policy was one way of combatting unemployment, boosting foreign exchange
        76 words
    • Article
      Japan spending $7.7m to replant trees in M'sia
      342 8  -  From Koichi Ishiyama in TOKYO IN THE FACE of growing criticism from environmentalists over its timber imports, Japan has decided to spend 600 million yen (557.7 million) replanting a cleared area in central Malaysia. Trees will be replaced on a 1,000-hectare lot
      342 words
    • Article, Illustration
      Feeling good to be back home again
      51 8 PHNOM PENH Prince Norodom Sihanouk, seated on a golden carpet and in good spirits, chatting with Prime Minister Hun Sen (with glasses) and president of the Cambodian People's Party Chea Sim during a religious ceremony in the Royal Palace yesterday to mark his
      51 words
    • Article
      Lock icon Westpac expects lower NZ inflation for this year
      397 8 Reuter AUCKLAND New Zealand's annual inflation rate will fall to 1.4 per cent in calendar 1991 from 2.2 per cent in the year to September, but the year-long decline in interest rates may be about to end, according to Westpac Banking Corp.
      Reuter  -  397 words
    • Article
      Lock icon Port Klang to have heavy industries
      204 8 Bernama SHAH ALAM The Selangor government proposes to set up heavy industries, including a "marine park" for shiprepair and maintainance, in Port Klang. According to Menteri Besar Tan Sri Muhammad Haji Muhammad Taib, plans are being drawn up for the marine park, which is
      Bernama  -  204 words
    • Article
      Lock icon Congested Sydney airport to be expanded
      244 8 Reuter CANBERRA After 20 years of debate, Sydney's Kingsford Smith Airport, one of the world's 10 most congested, has got the go-ahead for expansion. Prime Minister Bob Hawke on Thursday announced construction of a third runway to cope with an ever-increasing influx of tourists.
      Reuter  -  244 words
    • Article
      Lock icon Indonesia will hold on to E Timor: envoys
      498 8 Jakarta afraid country will go the Baltics way Reuter JAKARTA Indonesia will never give up the parched territory of East Timor it annexed 16 years ago, afraid that any concession to separatists will trigger the disintegration of its huge and very diverse
      Reuter  -  498 words
    • Article
      Lock icon Press calls for probe of Dili incident
      405 8 AFP JAKARTA The Indonesian press yesterday called for an impartial and thorough investigation into the shooting by the military of mourners at a funeral in East Timor that left up to 100 dead. Editorials in the Jakarta press, however, did not question that
      AFP  -  405 words
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      Page 8 Advertisements Column 1
      100 8 Thanying Celebrates Loy Kratong Festival In light of this annual occasion, Thanying is delighted to serve you with specially-prepared dishes in a special menu from 21 to 23 November. Patrons of Thanying will be given aromatic Jasmine garlands in the evenings. A carving and special dessert making demonstration will spice
      100 words
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  • THE WORLD
    • Article, Illustration
      European unity could break down in a recession
      544 9  -  a Teh Hooi Ling SINGAPORE While there are forces pushing for European economic unity, there will also be forces pulling it apart, a former US ambassador to the EC says. The momentum towards unity in the last few years has been strong
      544 words
    • Article
      Lock icon Yeltsin braces Russians for concessions on Kuriles
      350 9 AFP MOSCOW President Boris Yeltsin has signalled that the Russian government was preparing major concessions on a territorial dispute with Japan and appealed to the Russian population for their "understanding". Meanwhile, the governor of Sakhalin island, Valentin Fedorov, said that he wanted to
      AFP  -  350 words
    • Article, Illustration
      Window-shopping for army supplies
      37 9 BEIJING A policeman and a civilian viewing a catalogue posted on the window of a military supplies store on Thursday. Among the goods on offer were missile guidance simulators and army-issue khaki underpants.
      37 words
    • Article
      Lock icon US inflation under control as retail sales fall
      313 9 Reuter WASHINGTON Retail sales edged lower last month while retail inflation barely rose, the government reported on Thursday, suggesting the economy remains weak and inflation, for now at least, is under control. The reports follow a surprising jump in wholesale prices last
      Reuter  -  313 words
    • WORLDWATCH
      • Article
        China predicts 10pc rise in '91 gold output
        118 9 BEIJING China's gold output will rise by an estimated 10 per cent in 1991 compared with last year, and more increases are expected as the government invests in developing mines, the official China Daily said. It quoted an official of the State
        118 words
      • Article
        EC steelmakers claim dumping
        109 9 BRUSSELS European Community (EC) steelmakers are to file anti-dumping complaints against competitors in Brazil, Canada, South Korea and India, the EC steel producers' association Eurofer said on Thursday. Eurofer said it would complain to the European Commission that the four countries had sharply boosted their exports
        109 words
      • Article
        German economic gulf stabilising
        119 9 BERLIN The gulf dividing the east and west German economies has not widened since the middle of this year, a leading research group said. The DIW economic institute said the west German economy contracted in the third quarter of 1991 compared with the second but added
        119 words
      • Article
        New Peru law to promote mining
        113 9 LIMA Peru decreed a new law to promote mining investment, offering guarantees of stability and changing tax schemes that have made this mineral-rich South American nation one of the least competitive in the world. A decree published in the official daily gazette opens the
        113 words
      • Article
        Argentina likely to get loan soon
        79 9 WASHINGTON Argentina looks set to access a US$3 billion (555.025 billion) International Monetary Fund extended fund facility early next year, monetary sources said. Visiting President Carlos Menem and members of his Cabinet met on Thursday morning with IMF managing director Michel Camdessus in an
        79 words
    • Article
      Lock icon Gloomy outlook for German economy
      371 9 IHT FRANKFURT Germany's council of economic advisers issued a gloomy forecast for the country's sputtering economy on Thursday, capping a steady stream of downbeat predictions from bankers and economists in recent months. The council's widely regarded annual report took aim at high-spending politicians and demanding
      IHT  -  371 words
    • Article
      Lock icon Indian inflation rate falls as spending cuts bite
      389 9 Reuter NEW DELHI India's annual inflation rate fell to 13.2 per cent at end-October from 15.7 per cent a month earlier, indicating that painful government spending cuts are beginning to bite, official reports and economists said. The Wholesale Price Index (WPI) yesterday
      Reuter  -  389 words
    • Article, Illustration
      Lock icon Rao's reforms face first poll test
      526 9 By-elections will show if voters approve of Indian PM's policies Reuter NEW DELHI Prime Minister Narasimha Rao, thrust into power by the killing of former Indian leader Rajiv Gandhi, faces the first popularity test of his government's radical economic reforms today. By-elections in 15
      Reuter  -  526 words
    • Article
      Lock icon Recession may have bottomed out, says UK central bank
      389 9 Reuter LONDON Britain's central bank said on Thursday the country may have begun a modest recovery from recession while official statistics suggested that a rise in unemployment was slowing. Both developments promised to be a tonic for the Conservative government which
      Reuter  -  389 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market quiet on concern over economic figures
      751 10  -  By Schutz Lee APART FROM Singapore Computer Systems' debut, the stock market was relatively quiet yesterday as caution prevailed ahead of the release of figures on the third-quarter economic performance. Many market watchers attributed the market's caution to news reports in the run-up
      751 words
    • Article, Illustration
      Lock icon HOT STOCK
      75 10  -  Chew Eng Han Comment STRAITS STEAMSHIP traded up to $2.72 on Tuesday, close to the resistance line at $2.75. It has since retreated. If prices continue to falL, chances are the stock is trading in a large consolidative triangle: a move towards the support line near $1.90 is
      Source  -  75 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    184 11 I rpCWh A" shares quoted have a par value of II and traded in lots of 1.000 shares IXUCuU each unless otherwise specified ABN shares quoted in dollars Information on Nasdaq stocks, other than that given above, was not available Currency traded SJ unless otherwise
    184 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    104 12 I rerun M quoted 1 Of si and traded m lots of 1.000 shares each LLUCHU unless Otherwise specified AfiN shares quoted m dollars Information on Nasdaq stocks, other than that given above was not available Currency traded SJ unless otherwise specified Ad lusted for
    104 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      107 12 Before you invest tear out this newspaper coupon Tear out this coupon and mail it to us today, to receive a free copy of The Investors Guide To Unit Trusts. It will tell you about Unit Trusts: a form of investment that allows you to spread your investment risk, yet
      107 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Profit-taking sends prices broadly lower
      356 13 Bernama SHARE PRICES suffered a setbaek on the Kuala Lumpur Stock Exchange yesterday amid widespread profit-taking. The KLSE Composite Index ended 7.47 points lower at 545.74 while the Industrial Index fell 8.48 points to 1,032.06. The main board All-Share Emas Index slipped 1.63 points to
      Bernama  -  356 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      723 13 BUSINESS TIMES LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Tan TianTjianofNo. 81k428,#l l-471,Tampines St 41 Singapore 1852, have applied for a Wholesale Liquor Shop licence in respect of premises at M/s Associate United Distributors Pte Ltd. at 70S Sims Drive, #01-128, Shun Li Industrial Complex, Singapore 1438, and
      723 words
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      Page 13 Advertisements Column 2
      399 13 btbeawtosref THECOMPAMESACT.CAP.M ■ni tothematosref PECK TECK KMN REALTY PTE.UMITED NOTICE OF special RESOLUTIONS At an ExVaordlnary General Mnlngodtn Mafrtoari oftw Corrpm (My convened and heM al IS (Mat Quay *10-04 Hong Laong BuMng. Stogßpcroolo4.oai6Novontosr 10IM. fMvoloiino RmoMooi vm frjty pm^g 1. TM tha Company ba wound up Dead Chan Kong
      399 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Siam Cement's loss pares market gains
      138 14 Reuter MOST share prices closed higher yesterday but the heavy loss by the large capital issue of Siam Cement weighed down the gains, brokers said. The SET Index ended 0.53 points higher at 671.45 on a moderate turnover of 2.16 billion baht. They said
      Reuter; SOURCE: FONT DATA  -  138 words
  • JAKARTA STOCK EXCHANGE
    • Article
      Lock icon Stocks end mixed in dull trade
      88 14 Reuter JAKARTA stock prices closed mixed in slow trading yesterday, with the official index edging up 1.34 points to 248.88 on turnover of 7.16 million shares. Brokers said speculation put pressure on some shares as many individual investors were active in the market. Astra
      Reuter  -  88 words
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      Page 14 Advertisements Column 1
      11 14 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF BUSINESS TRENDS NOW AT NEWSSTANDS
      11 words
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      Page 14 Advertisements Column 2
      280 14 BUSINESS TIMES NOTICES TELEPHONE: 730-5771/5772/5773 FAX: 734-9982 INVITATION TO TENDER ASSETS OF A DISK DRIVE MANUFACTURING CONCERN PRAIRIETEKSINGAPORE PTE LTD (In Creditors' Voluntary Liquidation) Tenderers are invited to bid for the following assets which were newly acquired this year. ALL MANUFACTURING EQUIPMENT OF A MODERN DISK DRIVE MANUFACTURER including: A
      280 words
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      Page 14 Advertisements Column 3
      384 14 M THE MATTER OF THE COMPAMES ACT, CAP. M AND M THE MATTER OP SOUTHERN ISLAND IMPORT A EXPORT PTE LTD Mambartf VoOntary Wndk*Up» At#n£rt»odharyOanawlMaalngot SOUTHERN ISLAND IMPORT ft EWORT PTE LTD oorwwd «d Nb ataooi Baachßcad#o7-02QoUan M*CcmpiaK9ngaporao7l9on 12 No*amberl99l Via Mowing Special Reeomtkn waa diiy paeeed: RESOLVED That M
      384 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market falls as buying incentives dry up
      251 15 Reuter TOKYO STOCKS extended recent losses to close easier yesterday. Plagued by low volume and weakness in the bond and futures markets, the Nikkei drifted aimlessly in a tight range, briefly dipping below the 24,000 level, brokers said. A fresh spate of poor
      Reuter  -  251 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Baker's visit sends shares to new high
      249 15 SHARE PRICES rose in a renewed rally yesterday as investors hoped for good news from US Secretary of State James Baker's visit to Beijing, with the Hang Seng Index gaining 60.02 points or 1.4 per cent to close the week's trading at a
      249 words
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  • REGIONAL STOCK MARKETS
    • Early gains help lift Aussie market
      • Article
        AUSTRALIA
        222 16 THE AUSTRALIAN sharemarket yesterday held on to early gains to end the day higher in lacklustre trade. Brokers said offshore and domestic buyers were active in leading industrial stocks in the morning, but the market fell flat in the afternoon ahead of the weekend. "It's pretty dull and turnover
        222 words
      • Article
        MANILA
        163 16 PHILIPPINE SHARES closed mixed to softer on some profit-taking yesterday, but brokers said the market looked well supported by oils against any bigger dips ahead. The Manila Stock Exchange Composite Index slid 4.20 points to end at 1,132.27 from Thursday's five-month high of 1,136.47. The commercial/industrial (CI) sector took
        163 words
      • Article
        INDICES & TURNOVER
        2 16 INDICES TURNOVER
        2 words
      • Article
        TAIPEI
        153 16 TAIWAN STOCKS ended slightly higher yesterday on expectations that the central bank will soon cut interest rates to block the appreciation of the Taiwan dollar. The weighted index closed 19.84 points higher at 4,511.36 on active turnover of NT524.6 billion compared to Thursday's NTS 15.4 billion. All sectors rose
        153 words
      • Article
        NEW ZEALAND
        104 16 A SEVEN-CENT DECLINE in Telecom to NZ$2.5l led the share market lower yesterday, but on much heavier volume than previous days. More than five million Telecom shares traded and another nine million in Nuplex helped take turnover up to NZ$46 million. Charles Batchelor of CS First Boston said
        104 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        61 16 Mm ara prin traa* aa Mm writ* «*r »tacfc aurfcats catajalaf Warpa StaalayCyltal Saaava. Intffcn mkM wttfc a art tain* fraai a haaa <11M a«Ma kagMag a! l*t. Tfca attar Mfca* ara takaa fraa. a kaaa af 1M at tk« ba*wiac 1«7«. Tha aarcaaU* cfcaafa
        61 words
      • Article
        SEOUL
        89 16 THE CONTINUING outflow of funds yesterday depressed the Seoul market, which declined for the fifth consecutive day in lethargic trade, brokers said. "Stocks fell across the board on a lack of market encouraging factors and on diehard reductions in customer deposits," Pacific Securities analyst Park Yang-seok said. The composite
        89 words
      • Article
        BOMBAY
        96 16 LEADING Bombay shares yesterday eased on end of account selling, but the broader market held gains in volatile trading, brokers said. "Fears of higher carry-forward charges unnerved the market," broker Anand Diwan said. The charges for business transacted in the three weeks ended yesterday are likely to be fixed
        96 words
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  • WORLD STOCK MARKETS
    • Wall Street stocks take a breather
      • Article
        Untitled
        92 17 INDICES TURNOVER NEW YORK (low Pre»ious Not 14 Dow Jones SA P 5(10 Turnover (million) 3.063.50 197.15 200.04 3.065.3 397.41 184 5 -1.80 -0 26 t 15.54 LONDON Financial Times V) rrsE ioo Turnover (million) 1.963.3 2.561.6 444 8 1.956.4 2.546.5 451 6 69 H5.I -68 FRANKFURT DAX Index 1.623.23
        92 words
      • Article, Illustration
        NEW YORK
        704 17 WALL STREET stocks on Thursday paused for breath in their recent race to new highs but share prices finished the day well above session lows. After several consecutive record-set-ting days, stocks posted minor losses in heavy trading. The Dow slipped about 1.80 points to 3,063.50, and losers outpaced
        704 words
      • Article, Illustration
        LONDON
        194 17 STRONG early share gains were trimmed towards the close in London on Thursday as the weakness of sterling on the foreign exchanges put paid to brokers' hopes for a cut in British interest rates. A rising German mark left the pound less than one per cent above its trading
        194 words
      • Article
        ZURICH
        125 17 SWISS SHARES ended a quiet session slightly firmer on Thursday. Dealers said activity was slow in most sectors, only chemicals recorded major gains. The all-share SPI index closed 2.4 points higher at 1,107.8, while the SMI index of leading shares was six points firmer at 1,735.6. Dealers said the
        125 words
      • Article
        JOHANNESBURG
        174 17 JOHANNESBURG share prices reversed recent increases on Thursday, with the overall index ending 29 points below its opening record 3,581, which was one point up on the previous close, dealers said. Reflecting a general market reaction to recent strong gains, the industrial index also fell 32 points to 4,332
        174 words
      • Article
        PARIS
        160 17 THE PARIS BOURSE was in fine fcttie on Thursday, encouraged by a strong uptrend among oil shares following the announcement that the government will sell off two percent of Elf Aquitaine oil group's capital to the public. The CAC-40 stock price index was up bv 0.21 per cent at
        160 words
      • Article
        FRANKFURT
        142 17 A WAVE of profit-taking sent German shares slightly lower on Thursday as corporate earnings data from some of the nation's blue chip firms failed to inspire fresh buying. The 30-share DAX index cased 2.27 points to 1.623.23. "There was a bit of profit-taking after figures from Siemens and Daimler
        142 words
      • Article
        BRUSSELS
        121 17 A STRONG 2.6 per cent rise in Generate Bank led Belgian shares to a higher close but profit-taking in other shares limited the market's gain on Thursday. Dealers said institutional buyers were returning to the market for .ugh yield stocks like Generate Bank. wti.Ji also was benefiting from a
        121 words
      • Article
        AMSTERDAM
        92 17 DUTCH SHARES opened slightly Urn er yesterday as the bourse continued <> consolidation phase which began lat on Thursday after substantial gains thi<> week. "We seem to be heading towards a slow finish to the week with a bit c profit-taking here and a bit of posit ioi squaring
        92 words
      • Article
        TORONTO
        105 17 TORONTO STOCKS on Thursday ended moderately lower near the day's low point as apprehension grows over the extent of any further interest rate declines and the strength of the recov ery, dealers said. Many players also took profits after the market set a 1991 high earlier this week. Equities,
        105 words
      • Article
        MILAN
        130 17 ITALIAN SHARES closed higher on Thursday in a session prolonged by the liquidation of the portfolio held by failed broker Gianangelo Sozzi, who was declared insolvent earlier this week. Dealers estimated trading volume in line with Wednesday's 105 billion lire. Much of the buying interest centred on a select
        130 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon Gloomy US economic news lowers dollar in New York
      1191 18 REPORTS Reuter ASIA Tokyo: The dollar moved little in late Asian trading yesterday. Activity through most of the day was limited to short-covering by interbank operators aimed at squaring positions ahead of the weekend, dealers said. At 0737 GMT the dollar
      Reuter  -  1,191 words
    • Article
      Lock icon Good response to HK's two-year bonds expected
      528 18 Proceeds of HKssoom mainly for new airport project Reuter HONGKONG The Hongkong government's issue of two-year bonds, to be launched on Monday in its first bond issue since 1984, is set to be well received, analysts say. "Judging from the active Exchange Fund
      Reuter  -  528 words
    • Article
      Lock icon Hanoi to step up forex trading
      325 18 Reuter HANOI Vietnam hopes to hold a second foreign exchange trading session each week in Hanoi by the end of this month to give state-run companies better access to hard currency, the official Vietnam News Agency (VNA) reported. The State Bank began foreign exchange
      Reuter  -  325 words
    • Article
      FINANCIAL FUTURES
      17 18 Note: Volume and open interest are for previous day trading. Source: Singapore International Monetary Exchange
      17 words
    • Article
      INTERBANK FOREX RATES
      10 18 Source: UOB Source: Astley Pearce Source: OCBC
      10 words
    • Article
      MONEY MARKET
      183 18 Rates quoted by Astley Pearce Rates quoted by NatWest Government securities Nov 15 Treasury bilk Period Issue Maturity Yesterday's closing code Bid Offer Day's High Low 3 months 6 months 1 year BQ9II43A 13.02.92 BY*****F 31.08.92 2.85 2 80 3.27 3.22 2.85 2.81 Government notes and bonds Period
      183 words
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  • COMMODITIES
    • Article
      Lock icon Thailand poised to overtake M'sia as top rubber producer
      365 19 Bernama WASHINGTON Thailand is poised to overtake Malaysia as the world's top rubber producer this year while Indonesia is not far behind and Africa is gaining prominence, an American business daily here said. The Journal of Commerce reported Wednesday that already
      Bernama  -  365 words
    • Article
      Lock icon Cotton glut expected to hit Pakistan hard
      281 19 Reuter KARACHI Pakistan's cotton sector is being hit hard by expectations of a record domestic crop at a time when a world glut has depressed international prices, brokers said on Thursday. Pakistan's minimum export price has fallen to 127.9 cents a kg from
      Reuter  -  281 words
    • Article
      KL tin regains part of yesterday's loss
      818 19 REPORTS THE price of tin gained four sen to close at M$ 14.69 a kg on the Kuala Lumpur Tin Market yesterday after plunging to a nine-month low yesterday. Dealers said the market was steadier on technical correction ahead of the weekend. The
      818 words
  • Article
    PRICES
    412 19 rcuDoer Nov 15 MS (MilMm) Nam Clow Inl 1 RSS Prompt l34.ttVI33.SON 134.7 VI 35.75N Int 1 RSS Dec 91 134 00* 134 50 134.2 VI 34.75 Inl 1 RSS Jan 92 134.50/135.00 134.7VI35.25 Int 2 RSS OP 131 2VI33 25N 131 2VI33 25N Inl 3 RSS OP 129.00/130
    412 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      6 19 Innovation Technology in BT every Tuesday
      6 words
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      Page 19 Advertisements Column 2
      517 19 BUSINESS TIMES UQUOR LICENCE NOTICE NOTICE B HEREBY GIVEN te, I,Ng CWeMeng of Bk 401 Bedok North Avenue 2,101-34, Siagapom 1646 hive applied for a Retail Liquor Shop Licence in raped of premises at MA The E Hampers at 10 Aaaonßond, 115-14 International Plaza, Singapore 0207, and til wiD be
      517 words
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      Page 19 Advertisements Column 3
      59 19 CORRIGENDUM Re: Liquor Licence in the Business Times on 13 Nov 1991 TAY KOONIIUAT The liquor Licence applied for should be Retail Beer Shop and not as published Date 16 November 1991. Hotline For Horn* or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berita
      59 words
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  • Article
    Lock icon Baker begins talks with Chinese foreign minister
    458 20 Topics to include human rights and sale of N-arms Reuter BEIJING US Secretary of State James Baker began talks with Chinese leaders yesterday at the start of a politically risky visit that could set the course of relations for years. Beginning a meeting
    Reuter  -  458 words
  • Article, Illustration
    Foreign funds in S-E Asian bourses seen doubling by 1995
    337 20  -  By Chew Eng Han SINGAPORE Foreign investments in South-east Asian stock markets are expected to double to US$26O billion (***** billion) in 1995 from an estimated US$l3O billion currently. This bullish forecast was made by Barry Bateman, president of Fidelity
    337 words
  • Article
    US bases shutdown good for business: Salonga
    409 20  -  By Harish Mehta SINGAPORE The shutting down of US military bases in the Philippines will not dampen foreign investor confidence, and on the contrary, the programme to convert the bases to commercial use offers economic benefits that far exceed benefits from the bases.
    409 words
  • Article
    Lock icon EC farm chief sees light at end of Gatt tunnel
    323 20 Reuter BRUSSELS European Farm Commissioner Ray MacSharry said on Thursday five years of haggling over a new world trade order may pay off with the glimmer of an agreement in sight. "We now begin to see the light at the
    Reuter  -  323 words
  • Article
    Lock icon Israeli police want to try Ashrawi
    344 20 Reuter JERUSALEM Israeli police recommended yesterday that Hanan Ashrawi, the voice of Palestinians at the Madrid Middle East peace conference, should stand trial for contact with the PLO. But Ms Ashrawi, spokeswoman for the Palestinian delegation at the Madrid peace talks, dismissed the recommendation
    Reuter  -  344 words
  • Article
    Lock icon Khmer Rouge defence chief delays return
    259 20 Reuter BANGKOK A Khmer Rouge leader who oversaw torture during Cambodia's "killing fields" dark age has delayed his return to Phnom Penh, sending officials ahead in an apparent attempt to test the mood in the city his guerillas emptied at gunpoint 16 years ago.
    Reuter  -  259 words
  • Article, Illustration
    Lock icon Doubts remain despite Soviet federation pact
    364 20 Reuter MOSCOW Leaders of seven republics agreed on Thursday to rebuild the Soviet Union as a decentralised confederation, but doubts persisted on whether the accord would hold in the absence of several key participants. President Mikhail Gorbachev and republican leaders said the agreement at
    Reuter  -  364 words
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      6 20 CHARTPOINT Every Saturday in Business Times
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      48 20 CHARTPOINT Every Saturday in Business Times TRANE AIR CONDITIONING A Mr. Willie Low Equipment Systems. Engwieer FOR PROFESSIONAL AIR CONDITIONING DESIGN AND SERVICE, YOU CAN DEPEND ON TEAM TRANE. pp Mr. Phuar Boon Hock Equipment Systems. Manager THE BEST VALUE CALL: 747 8622 FOR ENQUIRIES. FAX. 748 7465
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  • ExecutiveLifestyle
    • Article, Illustration
      Lock icon Publishers' boon and bane
      1453 21  -  What money is there to be made in publishing children's books in Singapore? Profits, if any, come from educational and activity-based books, local publishers tell Susan Tsang and Jaime Ee. As for fiction, forget it at least for the time being Jaime Ee Susan Tsang ONCE
      Photos by Chris Loh  -  1,453 words
    • STRAWS IN THE WIND
      • Article
        Backed by its past
        64 21 IT LOOKS like the Regent Hotel is following the Raffles' footsteps into its past. A couple having tea at the hotel one day happened to scrutinise their plates and discovered that one of them still had the words 'Pavilion Intercontinental' (its old name) inscribed on its
        64 words
      • Article
        Protection plan
        36 21 SOME people came well equipped for the Paul Simon concert last weekend. One colleague spotted a woman who had panadols and ear plugs in her handbag. Presumably as protection against the $500,000 sound system?
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      • Article
        Dry humour
        70 21 WANT good laugh? Read Japanese English. It will give you good humour. Check out directions on packet of desiccant found in bag of rice crackers. It reads: "Warning. Do not eat. If it puts in mouth, rinse out mouth with water. If it puts in an eye, wash
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      • Article
        Grab or get lost
        60 21 A VISITOR to Shanghai recently noticed young couples locked tightly in embrace and marvelled at how liberal the city had become. Until a native Shanghainese explained: "They grab each other tightly because Shanghai is so populated that if you don't, you lose each other in the
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    • OPINIONS
      • Article
        Magic as a hero is not a comfortable fit
        892 22  -  As the world absorbs the impact of Magic Johnson's Aids admission. Robert Lipsyte feels disturbed Robert Lipsyte The writer is a New York Times columnist I WRITE this wearing the black Magic Johnson T-shirt I bought last Sunday night at the
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      • Article, Illustration
        The relationship is what counts
        736 22  -  In all the recent hoo-ha about sexual harassment, Maggie Ford says what people seem to have lost track of is that... Maggie Ford The writer is a Jakarta-based journalist who contributes to BT OKAY, GUYS we hear it. You're bewitched, bothered and bewildered. Fear of
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      • Article
        Article on New Zealand was most distorted: High Commissioner
        602 22  -  LETTERS TO THE EDITOR Colin Bell High Commissioner New Zealand High Commission I READ with considerable disquiet the AFP-sourced item which appeared in BT of Nov I titled, "NZ mercenary towards immigrants, says panel." This went on to quote from the
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      • Article
        Orchard congestion is inevitable
        285 22  -  Lee Hock Guan for Director-General of Public Works Ministry of National Development I REFER to the letter "Nightmare for the motorist" by D W Distant (Oct 26). As expected, the Central Expressway tunnels have increased accessibility to many parts of the central area, including Orchard Road.
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    • SPORTS
      • Article, Illustration
        Lock icon Losing out to video games and crime
        670 23  -  The Peles and Zicos are a thing of the past in Brazilian soccer, says Brian Homewood Brian Homewood Reuter RIO DE JANEIRO The surf pounding the sands of Copacabana plays a different, sadder samba there are no new Peles on Brazil's sundrenched beaches.
        Reuter  -  670 words
      • Article, Illustration
        Lock icon S Africa beats India in its first one-day cricket international
        387 23 Reuter NEW DELHI Kepler Wessels, with his third consecutive half-century, led a spirited batting display as South Africa beat India by eight wickets on Thursday to record their first win in an official one-day cricket international. It was a remarkable
        Reuter  -  387 words
      • Article, Illustration
        Lock icon Sampras beats Agassi, Becker topples Stich
        413 23 AP FRANKFURT Pete Sampras beat his US Davis Cup team partner Andre Agassi 6-3, 1-6, 6-3, while Boris Becker won the crowd and the match against Wimbledon champion Michael Stich at the ATP Tour World Championships on Thursday. Ivan Lend), already sure of a
        AP  -  413 words
      • Article
        Lock icon New British boxing safety rules off target: critics
        328 23 AP LONDON While two British fighters remained seriously ill in hospital on Thursday, the nation's boxing chiefs revealed plans designed to make the sport safer. But critics said they had missed the target. The British Boxing Board announced eight guidelines including the
        AP  -  328 words
      • SIDE LINES
        • Article
          Graig Warren leads South Australian Open
          68 23 ADELAIDE, Australia Outsider Graig Warren of Australia led the field into the second round of the A 5200,000 South Australian Golf Open here yesterday after a stormtossed first day. Last year's US Open champion Wayne Grady, one of scores of players who finished over
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        • Article
          French climbers' peak feat
          73 23 KATHMANDU Three French climbers and their"sherpa guides scaled Ama Dablam on Nov 9 without the use of oxygen, Nepal's tourism ministry said Thursday. Vefonique Parein, 34, from Caen, Dominique Gombert, 28, of Courberioc and Michel Richard, 52, a mountain guide from Chamonix and leader of the
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        • Article
          Pakistan's squash in the balance
          82 23 HELSINKI, Finland Pakistan, for years a power in world squash, was facing a do-or-die situation yesterday ?t the World Team Championships in Espoo, outside Helsinki. Pakistan was to meet Scotland in a crucial game for survival in the top group of teams in the next
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        • Article
          Gorman is Davis Cup captain
          93 23 NEW YORK Tom Gorman was named captain of the United States Davis Cup team for a seventh year on Thursday? The appointment was announced by Robert A Cookson, president of the United States Tennis Association, and David R Markin, chairman of the US Davis Cup
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        • Article
          Maleeva-Fragniere in qtr finals
          116 23 PHILADELPHIA Seventh-seeded Manuela MaleevaFragniere and No 8 seed Zina Garrison moved intb the quarterfinals of the Virginia Slims of Philadelphia with straight set victories on Thursday. Maleeva-Fragniere defeated Amy Frazier 6-3, 6-3 to earn a meeting with fourthseeded Jennifer Capriati, while Garrison defeated Nicole Provis 6-4
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      • Article
        Lock icon Promoter says its boxers will be tested for Aids
        312 23 AP BOZEMAN, Montana The biggest boxing promoter in the United States said that from January it will require all fighters on its cards to be tested for the HIV virus. Bob Arum of Top Rank Inc said on Thursday that mandatory
        AP  -  312 words
    • EPICURE
      • Article
        Petals and leaves
        438 24  -  Quek Swee Peng samples Exotic East menu Quek Swee Peng SIMILAR to hairy crabs, the shredded snake soup is savoured at a number of Chinese restaurants at this time of the year. Back on China China's menu too are other exotic recipes: padi birds stufTed with Chinese
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    • LIFESTYLE
      • Article, Illustration
        Lock icon Reviving the big apple in England
        816 25  -  The apple is on the rise again in England. Supermarkets have taken the message, offering up to 40 apple varieties. Karin Davies finds out more about this revival Karin Davies AP JOAN MORGAN sliced a wedge from a Cox's Orange Pippin, tasted it with
        AP  -  816 words
      • Article, Illustration
        A demon drink that commands a little more care in its use
        963 25  -  WINE By N K Yong IT IS TIME for a revival of rose champagne, that "demon drink" which became a symbol of decadence from its association with the frivolities of the late Victorian and Edwardian period. Imagine rose
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      • Article, Illustration
        Rodwell comes close to bridge the gap
        360 25  -  BRIDGE By Sybil Holloway ONE THING became apparent during the NEC Bermuda Bowl 1991 tournament in Yokohama Eric Rodwell of the United States is not a bashful bidder. Today's deal from the quarter-finals was reported by Alan Truscott. The USA 1 team were
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    • PURSUITS 1
      • Article, Illustration
        Not again, Julia
        633 26  -  Dying Young proves that an actress is only as good as the script she picks. Jaime Ee watches as Julia Roberts makes yet another bad choice Jaime Ee Dying young is what happens when you're a top young actress who gets served with a dud script more
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      • Article, Illustration
        Love, sex and all that sort of stuff
        651 26  -  What happens when upmarket Jew meets downmarket gentile? Susan Tsang finds out in White Palace Susan Tsang THEY say opposites attract, and the two characters who get attracted to each other in White Palace are as opposite as it gets. Max Baron
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      • Article, Illustration
        Fascinating rhythm
        648 26  -  CD Review By RINGO LIEW DAVE GRUSIN: The Gershwin Collection Jazz pianist Dave Grusin weaves his magic yet again, this time with an old master's standards. The compact ensembles he has assembled for this recording imbue a new feeling of intimacy in some of the Gershwin compositions. The
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      • Article, Illustration
        New lease of life
        1367 27  -  From a bat-infested ruin with fallen balconies and leaning turrets, the palace-fort of Neemrana has become a restoration project that Indian conservation circles are talking about. Nirmal Ghosh reports on the rebuilding of a royal residence Nirmal Ghosh TIME stands still here. The only sounds are
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      • Article, Illustration
        In search of the eco-experience
        1155 27  -  Tired of tourist spots like the Sydney Opera House? Florence Chong lists some of Australia's lesser known attractions Florence Chong DOWN at a place known as Silky Oaks Lodge which nestles on the edge of the world-famous Daintree rainforest in Northern Queensland, guests come to
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    • Personal finance & investment 1
      • Article, Illustration
        Lock icon Breaking new highs in HK
        760 28  -  The Hongkong stock market is marking new highs and naturally, investors are hopping onto the bandwagon. Chew Eng Han looks at the risks and rewards Chew Eng Han BULLS see lower interest rates, a brisk property sector, and a strong economy as strong reasons to
        Source: M Lynch; Source: Cansus and S Department  -  760 words
      • Article
        Securities houses, managers favour property stocks
        311 28 HONGKONG property stocks seem to be the hot favourite with most fund managers and securities houses. Salomon Brothers, though generally neutral on the Hongkong market, recommended selected property shares such as Swire Pacific and Wharf Holdings in its October equity report. Duncan Mount, managing
        311 words
      • Article, Illustration
        Hang Seng Index
        82 28  -  Chew Eng Han THE BIG long-term picture looks messy in terms of wave structure, with the move np from 2,000 since 1987 showing overlapping waves. This b a negative factor for long-term bulls who are looking for targets near 5,000. On the shorter-term, daily stochastks are just
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      • Article, Illustration
        Lock icon Fundamentals back yen, but sterling is a political gamble
        414 28  -  By Chew Eng Han The yen win strengthen in the near term as a fundamental shift occurs in Japan's perception of overseas investments, says currency economist Avinash Persaud of ÜBS Phillips Drew, London. Mr Persaud said that new regulations by the
        SOURCE: Font DATA  -  414 words
      • Article, Illustration
        Time to build up confidence among investors, traders
        697 28  -  The Singapore stock market needs to pause for a correction. Goh Hiang Fong explains CHART Goh Hiang Fong The writer is head of research, Lum Chang Securities THE Singapore stock market is still in a healthy state despite some profit taking during
        697 words
      • Article, Illustration
        Opportunities await investors in UK's prime areas
        756 29  -  The UK property market is bottoming out, according to a report from Savills Research. Again, much will depend on the health of the British economy. Colin Tan reports Colin Tan A WINDOW of opportunity awaits investors prepared to invest at what seems to
        756 words
      • Article, Illustration
        All eyes on the Big Board
        1144 29  -  In a politically-sensitive market, Sri Lanka is able to attract more foreign investors into the stock market. Salil Tripathi, who was in Colombo recently, looks at this sudden rush for scrips Salil Tripathi C ARSONS Marketing is opening with a public issue this week
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    • JOBS
      • Article, Illustration
        Lock icon A question of opportunity cost
        1198 30  -  Schutz Lee catches up with her ex-teacher Lai Kwok Seng, now the assistant vice-president of UOB's commercial lending division, and finds him practising what he used to teach and preach Schutz Lee Opportunity cost is not just a concept Lai Kwok Seng used to teach
        Photo by Chris Loh  -  1,198 words
      • Article
        Asia's where the action is
        543 30  -  Don't leave this part of the world. Not when Asia offers the best prospects for the ambitious manager. Chuang Peck Ming has the details Chuang Peck Ming THINK Asia if you want to go far as a manager, says Dr Thomas Leung, the chief executive
        543 words
    • Article, Illustration
      EXECUTIVE MOVES
      349 30 Mr Steve Hamblin has been promoted to Vice-President, Asia-Pacific Region, of Compaq Computer Corporation, based in Singapore. He was earlier the managing director of the company. He holds a Bachelor of Science degree in Engineering from the University of Missouri, Columbia, as well as a Master of Business
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    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1257 31 City Flight ETA Flight EJ Aba Dhabi GA890 0050 Adelaide QF81 1820 SQ227 2130 Amman RJ183 0100 Amsterdam SQ 19 0805 GA890 0050 KL837 1340 SQ24 0115 KL838 2305 SQ38 2330 Athee QA472 2145 SQ338 1905 Bahrain GF148 0915 B Sari Begawaa SQ182 0915 SQ181 1410
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    • THE TRAVEL PAGE
    • TIME OFF
      • Article
        THEATRE
        130 32 SSO Concert Conductor. Choo Hoey. Soloist: Pierre Amoyal (violin). Programme includes works by Mendelssohn, Brahms and Beethoven. Venue: Victoria Concert Hall. Tonight, 8.15pm. Ustad Amjad All Khan India's best known Sarod player, Ustad Amjad Ali Khan, performs at the Victoria Concert Hall. The Sarod is a delicate string instrument
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      • Article, Illustration
        EXHIBITIONS
        223 32  -  Compiled by Yasotha M How Wood Bocomos Music The exhibition features some 30 historical string instruments that will help to trace the lute's evolution from the middle ages to modern times. Venue: Cendana Gallery, National Museum. Nov 22-Dec 6. 9am-4pm. Daily Except Mondays. Legends off Rock n Roll A
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    • Article, Illustration
      CINEMA
      519 32 Dying Young. Julia Roberts falls for terminally ill patient and gives the audience terminal chills when they realise an actress is only as good as her script. This one could have done with a bit more life. See Review on EL6 Midnight tonight. 11.45pm at Cathay 1, Bedok 1
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      271 21 24 hour Loan Information Service A Approval 3343 5 8 8 3343 6 8 8 Today, one watch reigns supreme f»P Ifrs r r •'•V 1 J> '-'•f 7?w Mechanical Masterpieces 77>e Automatic Chronograph. the Perpetual Calendar and the Tourbillon < Illustrated from left to right) BA *****,003. BA *****/002
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      85 22 4 i K 11 £•-1 ♦I i V V! V s i>\ <Si* D=GOG&I LA MODE DES GAGNEURS SWIVWEAP HOMEWEAfI SHWTS TtS HANDKERCHIEFS SOCKS'UNDERWEAR "LEATHER CCESSO«ES n* tu r 8 m e n* d e f r* n c e c DAIVARU GALERIESIAPAVETTE FASHION ~A'LOP 00 OPCriARD SHANGTZE SPORTS STOP
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      26 22 BT welcomes letters from you. Address them to: The Editor, Business Times, Times House, 390 Kim Seng Road, S'pore 0923. Letters should include your contact numbers.
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  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      64 22 DOONESBURY I APPRf.a m xxt* Wt TING tUIIHWW RZVftPN MEU. IM ANXKXfj TO HfAFUJhAT KJU HAVt TO SAY ABOUT quayu... I SHOULD MARN YOU, THOUGH, I KW HOT 0t ABLt TO use n. DtA FltfS CONTAIN A LOT OF RAW DATA. I'M NOT IN m business a P&jSINOON UNSUBSTANTIATED ALLEGATIONS
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      266 23 nis i k\V K FCN SI MILLION HOLE-IN-OMi GOLF 101 RNWII N I Yes, there's $1 Million to be won if you score a Hole-in-One. The Courvoisier FCN SI Million Hole-in-One tournament will be Singapore's most exritinn «Ss|k§s3® r^at»ss£s££_ lucky player who scores an ace at the SI Million Hole
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  • Page 24 Advertisements
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      1146 24 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, PINE AND ENTERTAIN WHERE TO WINE, DINE PRINCESS GTEKRAeE •••now on maays 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 prices $11.00
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  • Page 24 Miscellaneous
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      218 25 AND ENTERTAIN V M.J Familv Sundav Brunch 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+4For reservations, ANA HOTEL ptox oil 732-1222 «t 1582/1597. TMpfton* (66) 732 1222 "Sunday Jazz Brunch at the New Orleans
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      Page 25 Advertisements Column 2
      28 25 SUNDAY FAMILY BRUNCH $13 (S7* for children under 12) TEF.OFF CAFE MARINA BAY COLF COUNTRY CLUB 6 MARINA GREEN SINCAPORE 0101 FOR RESERVATIONS PLEASECAIJ. 221 2811/?22 4221 I
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      68 26 D e D C o 6 IN A A« I* ~sMw I r i i" ('■U ii.^ ta. k> 1 Survival Kit We've sharpened our image and focus to help you tame your corner of the concrete jungle. A sleeker Singapore Business now gives you even better coverage of how
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      85 28 IF ONLY THE STOCK MARKET WAS AS RELIABLE. Vith the world economy going up and down like a roller coaster ride, isn't it nice to know there's still something you can depend on? Arrow. Still a classic today as it was in 1851. —Arrow*MOST FAMOUS N r* WORD Available at
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      261 29 Getting in is easy History: The Colombo Stock Exchange came into being in 1896, to finance the plantation sector. The market was restructured in 1984, under new rules. The governments since 1977 have taken a series of measures to stimulate the market: no transfer tax on share purchase by non-nationals
      261 words
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      Page 29 Advertisements Column 2
      816 29 >♦ Great Free Gifts Lucky Draws when you with U Leon% nc« ■JUP.J* L a wattd mmm m* u >rIt's back. Hong Leon* Finance's Singapore Finance'* Free Gifts and Lucky Draws programme with a wider range of gift* and even more exciting prizes. FIUJE GIFTS From 15 AupiSt IWI to
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      155 30 DHL IN THE NEWS Advertisement DHL INTRODUCES EXPRESS LINE Newly introduced in Singapore by DHL Worldwide Express is the Express Line System, another simple-to-use time saving device, which enables customers to swiftly and conveniently book a package collection as well as check delivery details of shipments already sent out. TheDHL
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      Page 30 Advertisements Column 2
      140 30 BUSINESS TIMES EXECUTIVE APPOINTMENTS TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 PACIFIC MANAGEMENT RESOURCES PTE LTD RESEARCH MANAGER UP TO $150,000.00 PA PMRISOI A reputable financial institution has commissioned us to identify a Research Manager for the company. Candidates for this position should be University graduates aged 35-45, possessing at least five years
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  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      309 31 CRYPTIC CROSSWORD ACROSS Sort of food one will not get fat on (10.4) Frank to feel concern first without any anxiety (8) Make sure about the ocean as well, say (3,2) Left young demon to hobble (4) Time to start smoking in the evening? (8-2) Plates 'e'd removed from base
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    • Miscellaneous
      Page 31 Miscellaneous Column 2
      31 31 WEATHER N America Hi/li>* Cond. Chicago 04/-4 Sunny Los Angeles 21/11 Sunny Montreal 06/-4 Flurry New York 11/04 Showers Toronto 08/-2 Cloudy Washington 14/07 Showers Temperatures are in X". Source Renter
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    • Miscellaneous
      Page 31 Miscellaneous Column 3
      38 31 BnStOW: FiaaX^cier£ 'IOMPO' SCHOOL PICT) >/QU y f ST. wxep INFANTS....) MOJO G ,N/ V L_ brptt and ue'LLQve Voo AN a «*\»«i v«» <iiii I wm > S3® £> v«" ABSOLUTE. NO x O 55f00 ASSOCIATED N£W»A«W LTD.. IM3-IMI
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      1536 32 TODAY'S TV MOVIES Uvt Streams, Bpm, SBC 12 Not too accessible John Cassavetes movie about a man and a woman who can't live with or without each other. Goes full-throttle into the human emotions trap to the point of suffocation. For Cassavetes fans. Gena Rowlands and Cassavetes himself star in
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    • Miscellaneous
      Page 32 Miscellaneous Column 2
      673 32 MOVIES ON TV Subway, Mm, 10.30pm, SBC 12 New wave French movie by Nikita director Luc Besson. But while Nikita was a hit, this one is aimless, pointless and not exactly painless to watch. Set in the Paris Metro watching lives intertwine, it's about as entertaining as watching people on
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