The Business Times, 23 November 1991
1991-11-23
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The Business Times
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Title Section16 1991-11-23 1 Business Times MCI (P) 16/12/90 Weekend Edition, November 23-24 1991 THE BUSINESS PAPER FOR S-E-ASIA 75*16 words
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NEWS & MARKETS SUMMARY
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Article33 1991-11-23 1 PRICES of leading shares opened down on Wall Street yesterday with the Dow Jones industrial average falling 10.06 points (0.34 per cent) to 2,922.63 in the first five minutes of trading.33 words
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Article35 1991-11-23 1 CONTINUED strength of the Deutschemark against the pound and other currencies dampened sentiment in the London. At 1215 GMT, the FTSE 100-share index was down 5.8 points, or 0.2 per cent, at 2,457.7.35 words
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39 1991-11-23 1 JERUSALEM The US has notified Palestinians that the second stage of Arab-Israeli peace talks will start in Washington on Dec 4, a member of the Palestinian peace talks delegation said yesterday.39 words
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Article48 1991-11-23 1 FUTURE generations of Singapore workers will be more vocal on wage and labour issues, while many of the older workers may owe their jobs to laws forcing companies to retain or employ older staff, said the NTUC in a book marking its 30th anniversary. Page 248 words
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Article24 1991-11-23 1 ONLY one out of a total of 22 properties offered at a Jones Lang Wootton auction on Thursday was sold Page 224 words
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Article38 1991-11-23 1 IN AN attempt to lure back foreign investment, which has slowed down because of the Gulf War and concern about infrastructure bottlenecks, Thailand's Board of Investment has eased limits on firms with foreign shareholding Page 638 words
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Article36 1991-11-23 1 MALAYAN Credit has entered into an agreement with the Yamasin group to take a 70 per cent share in two freehold properties, one of which has been earmarked for hotel development Page 336 words
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504 1991-11-23 1 SN Vasuki - Income and age requirements raised, credit limit restricted By SN Vasuki SINGAPORE Some Singaporeans will soon have to leave home without it. The Monetary Authority of Singapore (MAS) yesterday announced new guidelines for the issue of credit and charge cards aimed at504 words
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188 1991-11-23 1 SINGAPORE Credit card issuers expressed mixed feelings about the new guidelines unveiled by the Monetary Authority of Singapore yesterday. A senior executive with a credit card company said the guidelines should have only applied to individual cardholders and not to corporate customers.188 words
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Article, Illustration362 1991-11-23 1 Salil Tripathi - By Salil Tripathi SINGAPORE Elaine Garzarelli, the Wall Street soothsayer and executive vice-president of Shearson Lehman, said she is launching a new mutual fund for US stocks aimed at foreign investors. Called Garzarelli Sectoral Analysis Portfolio, the new mutual fund is362 words
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Article, Illustration424 1991-11-23 1 Genevieve Cua - By Genevieve Cua SINGAPORE The urgency to cut back on the use of ozone-depleting chemicals is growing in the region, which to date has an uneven record in efforts to reduce chlorofluorocarbon (CFC) consumption. Figures from the United Nations Environmental Programme424 words
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Advertisement256 1991-11-23 1 Nikon The Wtorid's Finest Photographic tyeHiw. COVER Offices with a designer t UCh EL 1 Curbing the appetite for plastic mmkj "v.•V > rIV v >\ K :i :*r .<y» New credit card guidelines: Minimum annual income limit to qualify for a credit card raised from $24,000 to $30,000. Rule256 words
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Advertisement12 1991-11-23 1 OPINIONS Easy credit in America: who will foot the bill? EL 212 words
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Advertisement115 1991-11-23 1 PURSUITS Profile of a nose. EL 6 US banks may trim card rates on their own, Pg 5 Who will foot the bill? EL 2 Singapore THE HOUR CLASS lucky "a/a Tel *****20/1 Scotts Tel *****27/7196 Centrepoint Tel *****96/601 Peninsula Ptea TH: *****09/*****63 Paid>s Renaissance Tel *****62 Chang. Airport Terminal115 words
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Advertisement7 1991-11-23 1 PURSUITS Beautiful and timeless Toulouse. EL 77 words
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Advertisement16 1991-11-23 1 Nikon FINANCE Motor stocks: worth a second look. EL 8 Hps on buyiiw property. EL 916 words
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Advertisement10 1991-11-23 1 JOBS The beat jobs hi the shaky US EL 1910 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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38 1991-11-23 2 THE Survey Department announced yesterday that a list of corrections for errors in the latest edition of the Singapore Street Directory can be obtained free of charge from retailers of the directory.38 words
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Article49 1991-11-23 2 SPEAKING at the opening of the new premises of the Singapore Dance Theatre yesterday, Deputy Prime Minister Ong Teng Cheong thanked Keppel, Shell, Singapore Press Holdings, Singapore Airlines, Hong Fok Corporation, Goodwood Park Hotel and Hoxan Corporation for their support of the arts.49 words
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Article51 1991-11-23 2 AT THE 21st annual dinner and dance of the Singapore Organisation of Seamen yesterday, Senior Minister of State (Trade and Industry) Lim Boon Heng urged the union to help seafarers upgrade so that they can find jobs or switch to new jobs in the fast-changing maritime51 words
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Article126 1991-11-23 2 THE French Embassy in Singapore will undertake two initiatives in the next fortnight to boost French investment here and encourage Singapore investment in France. On Monday, ambassador Bernard Montferrand will lead a week-long mission to Paris, Marseilles and Lille to attract French investors to Singapore. And126 words
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Article71 1991-11-23 2 THE first Malaysia-Singapore youth camp will be held from Dec 1 to Dec 7, 1991, at the Malaysia Agriculture Park, Shah Alam, Selangor. It is a joint project of the Ministry of Youth and Sports, Malaysia, the People's Association and the National Youth Council, Singapore. The71 words
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Article34 1991-11-23 2 THE third annual bilateral land exercise between the Indonesian Army and the Singapore Armed Forces will begin on Monday. The opening ceremony will be officiated by MajorGeneral Ng Jui Ping.34 words
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476 1991-11-23 2 Yang Razali Kassim - By Yang Razali Kassim FUTURE GENERATIONS of Singapore workers will be more vocal on wage and labour issues. Meanwhile, many of the older workers may owe their jobs to laws forcing companies to retain or employ older staff. This scenario of two476 words
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Article, Illustration259 1991-11-23 2 Arthur Lee - By Arthur Lee ONLY ONE out of a total of 22 properties offered at an auction on Thursday was sold. Jones Lang Wootton was auctioning 16 dwellings, two development sites, two offices and two industrial properties at the Dynasty Hotel. The auction drew a259 words
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212 1991-11-23 2 A TREATY paving the way for more German-Singapore environmental exchanges will be signed next week by the countries' environment ministers. Lately, the environment has been the platform for a show of warm ties between Germany and Singapore. But the treaty will be the most212 words
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SHIPS IN PORT
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COMPANY NEWS 1
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397 1991-11-23 3 Colin Tan - Deal with Yamasin group for stake in 2 properties By Colin Tan Malayan Credit, which already has substantial interests in the commercial and residential fields, plans to go into hotel development. The company said in a press statement yesterday that it had397 words
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398 1991-11-23 3 Lee Han Shih - By Lee Han Shih SINGAPORE Two-thirds of Hongkong metals trader Burwiil Holdings Ltd's HK533.5 million (557.2 million) trading profit in the last financial year came from deposit income, the company's annual report showed. Burwiil, which has a secondary listing in Singapore and398 words
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327 1991-11-23 3 MBT KUALA LUMPUR Some Muslims regard selling and buying shares on the stock exchange as haram or forbidden as this involves an element of gambling, as a person is not guaranteed a profit whenever he buys a share. But BankMBT - 327 words
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301 1991-11-23 3 Bernama KUALA LUMPUR Pilecon Engineering Bhd, a local company with diverse foreign contracts, is thinking of going into manufacturing or assembling of agricultural equipment in Vietnam. Its chief executive officer/chairman, Hong Lee Pee, said that the company, which has committed itself to acquiringBernama - 301 words
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312 1991-11-23 3 Bernama KUALA LUMPUR Mancon Bcrhad, which is seeking a listing on the Kuala Lumpur Stock Exchange second board, has secured a Ms2o million (Ssl2 million) contract to build a jetty in Kuala Perlis, Kedah. Its chief executive officer, Chua Sin Han,Bernama - 312 words
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420 1991-11-23 3 Lilian Ang - By Lilian Ang TIMES Publishing Ltd has chalked up $35.9 million in net earnings for the year ended Aug 31 up a hefty 28.2 per cent from a year earlier but the year ahead looks grim, in view of the recession in420 words
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COMPANY BRIEFS
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Article72 1991-11-23 3 SINGAPORE CMB Packaging Singapore Ltd's subsidiary, AMB Packaging Pte Ltd, has agreed to sell its leasehold property at 4 Pandan Ave, to UMW Equipment Systems Pte Ltd, for $6.9 million. This is subject to relevant approvals. AMB will make a net profit of $4.1 million.72 words
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Article49 1991-11-23 3 SINGAPORE Neptune Orient Lines said its irredeemable convertible cumulative preference shares will carry a taxexempt dividend of 5.17 per cent per year amounting to $128.90 per 1,000 ICCPS for the dividend period from Nov 22 to May 22 next year, payable on the due date.49 words
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Article58 1991-11-23 3 SINGAPORE Scotts Holdings will open more restaurants in the business district. Its third Movenpick restaurant was opened yesterday at the former Oscars restaurant at Robinson Road. A steak house and a Mongolian barbeque restaurant will open in the Telok Ayer Festival Market by year-end. Scotts plans58 words
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Article35 1991-11-23 3 KUALA LUMPUR MBf Holdings Bhd yesterday announced that its wholly-owned subsidiary, MBf International Ltd, has acquired 51 per cent equity interest in American Drugs Screens Inc through a share swap.35 words
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Article310 1991-11-23 3 SINGAPORE RMCA Reinsurance Ltd has responded to queries from the Stock Exchange of Singapore on its September quarter results. On the nature of claims for the period, RMCA Re, which reported an additional unaudited net loss of 553.4 million for the three months to310 words
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COMPANY BRIEFS
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111 1991-11-23 4 HONGKONG The Hongkong government's Office of the Exchange Fund has sold its entire shareholding in The CrossHarbour Tunnel Co Ltd to Wharf (Holdings) Ltd for HKS37O million (Ss79 million). It said in a statement the price per share was about HK$l2. The111 words
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Article98 1991-11-23 4 WELLINGTON US-controlled Telecom Corp of New Zealand Ltd showed when posting a first-half NZ$lBO.2 million (S$ 169.4 million) net profit that it is on target to meet its NZ$4Ol million annual result forecast but slightly below analysts' expectations. "We're right on track," chairman Peter Shirtcliffe98 words
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Article125 1991-11-23 4 TOKYO Nippon Telegraph and Telephone Corp (NTT) said yesterday that growing competition helped cut net profit by 0.5 per cent from a year earlier to 69.5 billion yen (SSB9O million) in the six months to September. NTT also slashed its pre-tax earnings forecast for the year125 words
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Article79 1991-11-23 4 SEOUL South Korea's largest steel maker Pohang Iron and Steel Co signed a US$3.9 million (556.48 million) jointventure contract on Thursday with Vietnam's Vietnam Steel Corp to produce galvanised and corrugated sheet, a Pohang spokesman said. The 50-50 venture named Posvina Co Ltd will produce79 words
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Article98 1991-11-23 4 Cable Wireless profit up LONDON British telecommunications group Cable and Wireless' taxable profit rose 17 per cent in the six months to September to £351 million (551.05 billion) from £301 million. Sales rose 24 per cent from the same period last year to £1.57 billion from £1.26 billion, and earnings98 words
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Article100 1991-11-23 4 TOKYO Steelmaker NKK Corp and trading house Marubeni Corp are negotiating to acquire a total 40 per cent stake in Thai steel sheet-maker Thai Coated Steel Sheet Co, spokesmen for the two Japanese companies said. They gave no details. The Thai firm is a subsidiary100 words
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Article88 1991-11-23 4 TOKYO Japan's largest cosmetic maker Shiseido Co Ltd will establish a joint venture in Beijing to manufacture and sell top-quality cosmetics. Shiseido Liyuan Cosmetics Co Ltd will be capitalised at a billion yen (5512.8 million) with Shiseido putting up 65 per cent and Chinese cosmetic producer88 words
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487 1991-11-23 4 Reuter WELLINGTON Brierley Investments Ltd has entered into an agreement with International Paper Co to sell it 211.30 million Carter Holt Harvey Ltd shares for NZ$2.l5 (about Ss2) a share. This is half of BlL's 32 per cent stake in CHH. TemasekReuter - 487 words
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Article581 1991-11-23 4 Bankers Trust to present report on unpledged assets Reuter LONDON A report drafted by Bankers Trust on the unpledged assets of the Maxwell family interests will be vital to the first formal meeting of private lenders, likely to be held on Monday. Senior bankers saidReuter - 581 words
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Article254 1991-11-23 4 Operating revenues down 38.4 pc to US$7l lm in third quarter Reuter MIAMI Pan Am Corp made a net loss of US$l6O million (*****.6 million) in the third quarter, compared with a loss from continuing operations of $29.1 million a year ago. The corporationReuter - 254 words
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342 1991-11-23 4 AFP TOKYO Victor Co of Japan (JVC) is considering reorganising its television production in Asia, in a plan envisaging a joint venture in Vietnam and increased output in Thailand, a company spokesman said. The spokesman said yesterday that the major consumer electronicsAFP - 342 words
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296 1991-11-23 4 BANGKOK A battle between two Siam Agro-Indus-try Pineapple and Others Co (Saico) shareholder groups is looming because of dissatisfaction over a Saico board decision to engage in a dispute with the Stock Exchange of Thailand (SET) over a dividend payment, according to a296 words
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Article, Illustration605 1991-11-23 4 MARKET TALK Nikkei index dropped 1,140 points over past 8 days Reuter TOKYO Eight days of declines have left the Tokyo stock market jittery and brokers and analysts say further falls may be in store. Brokers said poor earnings results, a lackReuter - 605 words
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183 1991-11-23 4 HONGKONG Macau businessman Stanley Ho's Tomson Pacific has returned to the black, reporting a net profit before extraordinary items of HK522.3 million (554.68 million) for the September half against a HK$ 182.1 million loss for the same period last year. The South China Morning Post183 words
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Advertisement15 1991-11-23 3 A Christmas Album Unlike Any Other rhnsjrn o PONY CANYON OUT NOW on CDs Cassettes.15 words
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Advertisement87 1991-11-23 4 RIVER PALACE SICHUAN RESTAURANT Sichuan in Style! Enjoy authentic Sichuan food in plush new surroundings. Choose between Set Lunches, Dinners or A La Carte selection featuring our chef's new specialities get a taste of: a) camphor tea smoked duck wrapped with yam b) fried beef brisket with spicy bean sauce87 words
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FINANCIAL NEWS
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483 1991-11-23 5 Reuter WASHINGTON The House and Senate approved bank reform Bills on Thursday that contain a US$7O billion (S$ 116.2 billion) loan to keep the bank deposit insurance fund from going broke, but lawmakers are split on whether to give the industryReuter - 483 words
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453 1991-11-23 5 Reuter NEW YORK Credit card issuers might end up trimming credit card rates, even without legislation, because of new market pressure following the Senate's proposal to cap rates, analysts said. But they won't trim rates by much. "Clearly, some issuers are takingReuter - 453 words
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Article, Illustration445 1991-11-23 5 DBS weekly currency review US$/Dm: bears still in control The US dollar closed below 1.6250 marks last Friday and, as expected, tested the 1.6000 level on Monday, down from its close of 1.6175 to this week's high of 1.6120. Further selling was seen the445 words
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362 1991-11-23 5 Magdalene Ng - BY Magdalene Ng SINGAPORE Homegrown DBS Bank is the 24th most profitable bank in the world for 1990, according to a survey by UK independent credit rating agency IBCA Ltd. The London-based group said yesterday it raised the number of banks it362 words
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SMALL CHANGE
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108 1991-11-23 5 HONGKONG Jardine Fleming Group Ltd, 18 per cent held by locally-listed Jardine Strategic Holdings Ltd, has launched a new fund to allow foreigners to invest in South Korea's stock market. The launch period of the JF Korea Trust, an open-ended fund, will run108 words
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Article86 1991-11-23 5 BRUSSELS Banque Bruxelles Lambert SA, Belgium's second largest bank, on Thursday said that its consolidated net profit for 1990/91 jumped by 35 per cent. Profit in the year to Sep 30 rose to 4.54 billion francs (551.37 billion), from 3.36 billion in 1989/90. The gain86 words
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Article81 1991-11-23 5 SANTIAGO Chile's Central Bank is suing Banco Espanoi de Credito SA, one of Spain's two largest commercial banks, for irregularities in a debt swap operation, legal sources said. Central Bank officials declined to comment on the case. But lawyers said a law suit had been filed81 words
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Article81 1991-11-23 5 LISBON The Portuguese government has approved a plan to sell its remaining 60 per cent share in Banco Espirito Santo e Comcrcial de Lisboa SA (BESCL), one of Portugal's top three banks. An official statement issued after the weekly Cabinet meeting said the 24 million81 words
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Article186 1991-11-23 5 Reuter HONGKONG The Hongkong Chinese Bank (HKCB) said it has reached agreement to buy the assets and recorded liabilities of Bank of Credit and Commerce Hongkong Ltd, the local unit of the Bank of Credit and Commerce International. The local unit of theReuter - 186 words
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635 1991-11-23 5 Reduced half-time results prompt several banks to cut profit forecasts for the year TOKYO Seven of Japan's 11 major banks yesterday announced reduced first-half earnings, prompting several to cut their profit forecasts for the year. Kangyo Bank Ltd reported that net profit in the six635 words
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Advertisement136 1991-11-23 5 Who will foot the bill? EL2 Unrepeatable Investment irtunity Sydney Harbour Australia 4* 19 LUXURY APARTMENTS plus 5 TOWNHOUSES EN BLOC INVESTMENT FOR SALE THE WATERMARK APARTMENTS 16-18 Ross Street, Waverton SYDNEY AUSTRALIA A Landmark Investment on Sydney's Northshore Well below replacement cost an unrepeatable capital gains opportunity. The very136 words
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THE REGION
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NOTE BOOK
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68 1991-11-23 6 MEXICO CITY Indonesian President Suharto arrived in Mexico on Thursday for a four-day official visit before heading for Venezuela to sign economic, scientific and technical agreements. The visit came amid growing Mexican interest in expanding trade with the Pacific Rim countries. Indonesia, for its part,68 words
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Article88 1991-11-23 6 HONGKONG Border trade between China and Vietnam is growing as Chinese enterprises seize upon greater access to Vietnam to penetrate other Indochinese markets. Frontier trade between China and Vietnam the only trade so far allowed reached 360 million yuan (about S$ 113 million) in the first88 words
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Article77 1991-11-23 6 BONN The Bonn government on Thursday said it had renewed cooperation with Vietnam and would follow through with projects signed by Vietnam and former East Germany. In aU, it promised total aid of 29 million marks (about Ss3o million) for 1991. West German development aid to Vietnam77 words
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Article82 1991-11-23 6 MANILA The Chief Justice of the Philippine Supreme Court resigned yestesday to run for president in a bid believed to be supported by President Corazon Aquino's family. Marcelo Fernan, 64, a Harvard-trained jurist, made his announcement during a noisy rally organised by politicians from his home82 words
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Article67 1991-11-23 6 KUALA LUMPUR Malaysia has closed an island refugee camp through which 254,000 Vietnamese passed on their way to settlement in the West. A UN refugee official said the last 52 Vietnamese from the Pulau Bidong Refugee Camp arrived in Kuala Lumpur on Thursday. There still are67 words
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Article81 1991-11-23 6 STRASBOURG The European Parliament called on Thursday on Laos, one of the last bastions of communism, to release immediately two former senior government officials held without trial for more than a year for having spoken out in favour of democracy. Thongsouk Saysangkhi and Latsamy Khamphoui,81 words
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414 1991-11-23 6 BANGKOK The Board of Investment has eased foreign shareholding limits on several types of projects eligible for promotional privileges and approved in principle a proposal to allow 100 exportoriented companies with 80l privileges to sell 20 per cent of their output in414 words
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Article, Illustration55 1991-11-23 6 ADELAIDE Dr John Wamsley of Warrawong Sanctuary (on the outskirts of Adelaide) sharing breakfast with Blue, a two-year-old red kangaroo, on Wednesday. Blue was brought to the sanctuary nine months apo with a leg injury and has become more domesticated than the other kangaroos, and particularly enjoys55 words
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235 1991-11-23 6 AFP HANOI Australian Trade and Overseas Development Minister Neal Blewett flew to Laos yesterday after a six-day visit to Vietnam. Mr Blewett, who left Ho Chi Minh City on Thursday, travelled to Vientiane after an overnight stop in Bangkok. He isAFP - 235 words
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343 1991-11-23 6 BANGKOK Thailand's tourism industry will improve only slightly next year and the downturn in tourist arrivals will not fully recover until 1993, according to a Bangkok Post report. The Tourism Authority of Thailand has already revised its tourist arrival target from six343 words
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434 1991-11-23 6 Al O Labita - From Al O Labita in MANILA THE government of Corazon Aquino, now in the twilight of its six-year term, faces a dilemma: what to do with about 100 companies sequestered on suspicion that they were fronts434 words
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256 1991-11-23 6 Reuter MANILA A Philippine anti-graft court has ordered the Presidential Commission on Good Government (PCGG) to return the seized assets of businessman Roberto Benedicto within 30 days. But it said the lifting of the sequestration did not stop proceedings against the 97Reuter - 256 words
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Advertisement158 1991-11-23 6 HOME. DELIVERED WEEKLY S3* Sfi 6 O* <> Eg? sv !C* V® AV® The Straits Times Overseas Edition. A crisp summary of happenings in Singapore. Politics, the economy, investment opportunities, appointments... And snippets on Malaysia and Asean. A convenient tabloid delivered to you everyweek, whereever you may he. Subscribe now.158 words
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THE WORLD
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646 1991-11-23 7 US$l Ob project targeted to be opened in 1997 with 2 runways Reuter SEOUL South Korea is planning a US$lO billionplus (5516.6 billion-plus) gamble that can tum three low-lying islets off its west coast into North-east Asia's aviation hub by theReuter - 646 words
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577 1991-11-23 7 Reuter SEOUL The turnabout of South Korea's huge Hyundai group in agreeing to pay a record penalty tax may prove a famous victory in the government's battle to rein in the country's free-wheeling conglomerates, or chaebol. Analysts here sayReuter - 577 words
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Article, Illustration531 1991-11-23 7 Profile Agencies CAIRO Of all the candidates for the post of secre-tary-general of the United Nations, none wanted the job as much, or campaigned for it as openly and as ardently, as the veteran diplomat who was chosen yesterday. The firstAgencies - 531 words
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765 1991-11-23 7 Profits hurt by recession and saturated audio-video markets AFP TOKYO The profits of formerly high-flying Japanese consumer electronics makers are slipping, amid predictions of fewer new customers and a lack of the exciting innovations that have boosted the industry in the past.AFP - 765 words
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288 1991-11-23 7 AP TOKYO Japan has made progress in opening its market to imports, but doesn't fully understand the urgency of reducing its swelling trade surplus, foreign businessmen said on Thursday. "The current levels (of trade imbalance) are absolutely unacceptable and unsustainable," said JosephAP - 288 words
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WORLD WATCH
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Article88 1991-11-23 7 TOKYO The Japanese economy finished its fifth year of expansion in November as it slammed on the brakes, the Economic Planning Agency (EPA) said yesterday in a month- ly report. Its assessment of the Japanese economy represented a downward revision from October when it emphasised the88 words
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Article112 1991-11-23 7 LONDON Prime Minister John Major overcame party mavericks and the intervention of Margaret Thatcher to win a key parliamentary vote backing his commitment to push 1 Britain into ever closer union with the European Community. "It was a good debate which has been followed by an112 words
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Article76 1991-11-23 7 WASHINGTON The United States and Iran are near agreement on compensating Tehran with about US$275 million for undelivered American-made military equipment dat* ing from before Iran's 1979 revolution, US officials said on Thursday. The accord, under negotiation at The Hague, would be an important76 words
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Article72 1991-11-23 7 STRASBOURG Several European MPs said on Thursday that they had voted by mistake not to set a single European Community standard for the new generation high definition television (HDTV). In a surprise decision on Wednesday, the European parliament voted for a British amendment to a72 words
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383 1991-11-23 7 Reuter FRANKFURT The motor of the Eastern European economies the Soviet Union has stalled and needs to be restarted or the privatisation process in Eastern Europe could also begin to sputter, says a banker. Ronald Freeman, first vice-president, merchant banking, at theReuter - 383 words
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323 1991-11-23 7 IHT BRUSSELS Delegates from 36 nations reached an agreement on Thursday on a sweeping European energy charter designed to help the Soviet Union tap its vast resources and ensure adequate oil and gas supplies in the West. "The charter will helpIHT - 323 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration811 1991-11-23 8 Schutz Lee - By Schutz Lee SHRUGGING OFF some of their concerns about Wall Street's performance, institutional investors stepped into the market late yesterday afternoon and their scattered buying held the Straits Times Industrials Index above the key 1,450 level. The benchmark index ended 5.96811 words
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Article, Illustration69 1991-11-23 8 Chew Eng Han - By i Chew Eng Han Comment DAILY STOCHASTICS and RSI are supportive of an upmove to re-test historical highs around $8.10. A break above will lead to an advance to possible targets of $8.608.80, and $9.40-9.60. If met, expect a substantial downward correction from either of the twoSOURCE: PONT DATA - 69 words
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Article183 1991-11-23 9 I rpriin Ml shares quoted have a par value of (1 and traded in lots of 1.000 shares LIUIHU each unless otherwise specified ABN shares quoted in dollars Information on Nasdaq stocks, other than that given above, was not available Currency traded S$ unless otherwise183 words
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Advertisement7 1991-11-23 9 Advertising and Marketing Every Thursday in BT7 words
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Article102 1991-11-23 10 I rprmn M Quoted have i par value of $1 and traded m tots of 1.000 shares each LEUCnU unless otherwise specified ABM shares quoted m dollars Information on Nasdaq stocks, other than that given above, was not a variable Currency traded SJ unless otherwise102 words
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Advertisement18 1991-11-23 10 Fill in the coupon or call us. We'll tell you what you need to know about Unit Trusts.18 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration508 1991-11-23 11 Bernama SHARE prices here ended mixed after fluctuating within narrow ranges from the outset as selling alternated with some bargain-hunting in dull pre-weekend trading yesterday. The K.LSE Composite Index closed 1.45 points higher at 539.04 on some indexlinked bargain-hunting while the Industrial IndexBernama - 508 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration124 1991-11-23 12 UPI BANGKOK share prices moved downwards in moderate trading on the Thai stock market yesterday due to political tension. The Stock Exchange of Thailand Index closed at 657.07, down 12.23 points or 1.8 per cent from Thursday's close. "The market declined because student activistsUPI; SOURCE: PONT DATA - 124 words
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JAKARTA STOCK EXCHANGE
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Article93 1991-11-23 12 Reuter JAKARTA stock prices closed barely changed in another dull day yesterday. Brokers said the lack of fresh funds kept trading slow, with the official index easing 1.28 points to 239.98. "Selling remains stronger than buying interest. It seems to be a bad signReuter - 93 words
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Advertisement11 1991-11-23 12 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF DUSINESS TRENDS NOW AT NEWSSTANDS11 words
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Advertisement10 1991-11-23 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, Illustration245 1991-11-23 13 TOKYO stocks yesterday ended easier, for the eighth day in a row, though the Nikkei average bobbed above the 23,000 line despite a morning dive. Brokers said the lack of incentives and poor prospects for an upturn in corporate profits left the market245 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration217 1991-11-23 13 Reuter HONGKONG share prices ended slightly higher yesterday after a sluggish day of narrow-range trade, brokers said. "The market isn't particularly nervous, it's just having a breather," said Howard Gorges, managing director of South China Securities. "It's taking a wait-and-see attitude on other major markets andReuter - 217 words
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REGIONAL STOCK MARKETS
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Profit-taking sends Aussie market lower
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Article196 1991-11-23 14 THE AUSTRALIAN share market closed lower yesterday, but the buoyant gold sector and support for selective quality stocks including ANZ Bank prevented a bigger slide. "There has been a bit of profit taking," said lan Dawson, research director of brokerage firm Intersuisse. "Investors have closed out of positions before196 words
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Article188 1991-11-23 14 TAIWAN STOCKS ended higher across the board in fairly active trade yesterday in response to bank interest rate cuts this week and expectations of electionrelated buying, brokers said. The weighted index closed 46.95 points or one per cent higher at 4,543.84 compared with Thursday's 4,496.89 finish. Turnover was NT524.3188 words
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Article134 1991-11-23 14 SEOUL STOCKS fell in featureless and extremely thin trading yesterday in the absence of fresh factors, brokers said. "Companies with low price earningsx ratios rose because of their low market capitalisation and high elasticity," Pacific Securities analyst Park Yang-seok said. "However, selling appeared in big manufacturing companies and financial134 words
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Article178 1991-11-23 14 PHILIPPINE STOCKS yesterday closed narrowly mixed as Wall Street, a blue chip telephone issue and a local oil development project loosened their grip on trader sentiment, brokers said. "The market moved in a somewhat detached fashion from Wall Street," said Regina Balane, analyst at Philippine Asia Equity Securities Inc.178 words
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66 1991-11-23 14 Afcaoa an phot taaafe aa tfca «artft mat* wrtiih at cafcaMatf by Mama Staata Capital MaraaNaaal fanpatMw, fiaaava. Mtoaa aiartad *Mfc a an takaa fcaai a feaaa aflM at tfca fcagMag af IML Tfca attar Maaa an takaa taaai a fcaaa af 1M at tfca66 words
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Article169 1991-11-23 14 FORESTRY GROUP Carter Holt Harvey Ltd was the star New Zealand share performer at the week's end, closing nine cents up at NZ$2.l4 after announcing improved earnings and the entry into its capital of New York-based International Paper Co. CHH, New Zealand's third largest company, also said it169 words
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Page 14 Advertisements
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Advertisement14 1991-11-23 14 Read Chartpoint, a guide to investing in the stock market, every Saturday in BT14 words
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Advertisement7 1991-11-23 14 The Bombay report was not available yesterday7 words
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WORLD STOCK MARKETS
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Dow inches up as mood remains cautious
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Article, Illustration312 1991-11-23 15 US STOCKS edged mildly higher on Thursday but the mood on Wall Street remained cautious amid lingering uncertainty about Washington's economic policy and the market's near-term direction. Stocks and bonds dropped in midafternoon on speculation that the Bush administration would offer a tax cut for purchasers of US-made312 words
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Article, Illustration202 1991-11-23 15 LONDON share prices lost further ground on Thursday, depressed by persistent worries that British interest rates would have to rise in the near future to support the pound. Although a key meeting of the Bundesbank ended with German interest rates unchanged, brokers remained convinced that a tightening of German202 words
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Article130 1991-11-23 15 A TWO PER CENT FALL in Belgium's leading blue chip stock, Petrofina, pushed Belgian shares to a lower close on Thursday after a day of moderate trading, dealers said. Dealers had a variety of theories for the weakness. Earlier one said he thought Brussels brokerage Peterbroeck Van Campenhout en130 words
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Article80 1991-11-23 15 INDICES TURNOVER NEW YORK Close Previous Nov 21 Dow Jones S&P 500 Turnover (million) 2.932.69 2,930.01 380.06 378.53 196 18 196.16 +2.68 1.53 +0.02 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.888.9 2.463.5 527.6 1.898.2 2,472.6 480.8 -9.3 -9.1 46.8 FRANKFURT DAX Index 1.598.10 1.599.05 -0.95 AMSTERDAM EOE Index80 words
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Article130 1991-11-23 15 SWISS SHARES ended a moderately active session slightly easier on Thursday as worries about Wall Street's future direction dampened sentiment, dealers said. Shares in engineering holding BBC Brown Boveri were under pressure following selling from abroad on an apparent confusion among investors over earnings per share (EPS) estimates for130 words
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Article107 1991-11-23 15 GERMAN SHARES on Thursday ended a dull session narrowly mixed around Tuesday's closing levels. Dealers said the shortened trading week, interrupted by a one-day holiday on Wednesday, and worries about the stability of New York share prices had kept most investors sidelined. The 30-share DAX index ended just 0.95107 words
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Article98 1991-11-23 15 A SUDDEN afternoon rally in shares of insurers Amev and Aegon was the main feature of an otherwise sluggish Thursday session on the Amsterdam stock exchange, dealers said. With the aid of the insurers, the EOE Index closed 2.20 points higher at 280.14. Blue chips were narrowly mixed with98 words
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Article139 1991-11-23 15 THE PARIS BOURSE had its highs and lows on Thursday, but ended on a positive note as the CAC-40 stock price index finished the session at 1,766.02 points. The index was off by 0.39 per cent at the opening, was up more than 0.6 per cent in the early139 words
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Article97 1991-11-23 15 THE MILAN STOCKMARKET suffered another losing session on Thursday, as the MIB index closed at 982 points, down by 0.81 per cent from 990 at the Wednesday closing. Among leading issues, STET rose by 0.95 per cent on the day, RAS 0.91, and Alitalia 0.83 per cent. The losers97 words
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Article147 1991-11-23 15 SHARES closed higher on the Johannesburg Stock Exchange on Thursday, despite an opening fall on the UK stockmarket, dealers said. The overall index was 0.4 per cent, or 15 points, higher at 3,462. The industrial index edged four points up to 4,176, while the all-gold index gained 22 points147 words
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Article166 1991-11-23 15 STEEP LOSSES in bonds late in the day pushed Toronto stocks down moderately on Thursday, but firm gold shares helped limit the downturn, dealers said. Rumours, later denied, the White House was considering giving a tax credit to Americans who purchase a US-made car also weakened stocks. The TSE166 words
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Page 15 Advertisements
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Advertisement13 1991-11-23 15 Executive Jobs every Saturday in Business Times Innovation Technology in BT every Tuesday13 words
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CURRENCY, MONEY & FUTURES MARKETS
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1170 1991-11-23 16 REPORTS ASIA Tokyo: The US dollar ended unchanged against the yen and easier against the mark in Tokyo yesterday after subdued trade ahead of the weekend and on the absence of fresh factors, dealers said. Short-covering was seen supporting1,170 words
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Article65 1991-11-23 16 Source: UOB Source: Astley Pearce OCBC Exchange Rate Index Nov 22 The OCBC trade-weighted index for the Singapore dollar was up 0.03 per cent to 135.96. The index is calculated against the currencies of Singapore's top 12 trading partners. us$/s$ forward rates Noon no. 22 ss Bid65 words
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Article123 1991-11-23 16 Rates quoted by Astley Pearce Rates quoted by NatWest Government securities Nov 22 Treasury bills Period Issue Maturity Yesterday's closing code Bid Offer Day's High Low 3 months 6 months 1 year BQ9I144E 20.02.92 BY*****Z 19.11.92 2.54 2.49 3.10 3.05 2.56 2.56 3.20 3.09 Government notes and bonds123 words
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Article, Illustration388 1991-11-23 16 AFP AUCKLAND Hongkong will not remove the fixed rate of its currency against the US dollar, despite inflationary pressure. Governor Sir David Wilson said here yesterday. "The short answer is no. definitely not." Sir David said when asked at a luncheonAFP - 388 words
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333 1991-11-23 16 Reuter NEW YORK The mark's sharp rise against the yen in recent weeks could lend wings to the mark/ven cross rate options which began trading on the Philadelphia Stock Exchange (PHLX) yesterday, US options dealers said yesterday. The mark had gained about 4 perReuter - 333 words
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Article17 1991-11-23 16 Note: Volume and open interest are for previous day trading. Source: Singapore International Monetary Exchange17 words
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Page 16 Advertisements
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Advertisement6 1991-11-23 16 Chartpoint in Business Times every Saturday6 words
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COMMODITIES
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431 1991-11-23 17 Reuter KUALA LUMPUR High Stocks and poor demand will keep tin prices at their present low levels until the United States, the world's top consumer, stages a strong economic recovery, say traders and producers. "The outlook is bleak," •said a trader withReuter - 431 words
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274 1991-11-23 17 Reuter YAOUNDE, Cameroon Markets used as touchstones for world rubber prices are too inactive to give fair figures and drag prices down, the executive secretary of the ..-Professional Association of r Statural Rubber in Africa said on Thursday. Speaking at aReuter - 274 words
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804 1991-11-23 17 REPORTS GOLD closed slightly easier yesterday in active trade on early strong profit-taking and Mideast follow-through selling which was partly offset by active local and European buying, dealers said. Bullion ended at U*****.20/70 an ounce against New York's U*****.50/368.00 close on Thursday.804 words
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Article151 1991-11-23 17 Wtu Nov 21 Crafepalndl MS/tonne Month North South Central E Coast Average Nov 91 Dec Jan 855.00 860.00 860.00 866.00 852.00 855.00 864.00 Paha ton Mlax-MM MS/tonne Month North South Central E Coast Average Nov 91 Dec 656.50 642.00 665.00 670.00 652.50 669.00 Jan 652.50 665.00 656.50 Feb 665.00151 words
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Page 17 Advertisements
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Advertisement7 1991-11-23 17 Innovation and Technology in BT on Tuesday7 words
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Advertisement371 1991-11-23 17 BUSINESS TIMES NOTICES TELEPHONE: 730-5771/5772/5773 FAX: 734-4912 LOST CERTIFICATES Tha following cuMutN hivi bun npoft#d lon nWiid oc dutroytd Notice to givan thai nplmnvnl oirtlicM ml bt itiutd and tha original oartMctfaawflbadaamadcancalad and void fourtaan (14) dayo from thk date unlwo v«*d wpw amaMona ara lodged with lha undaraignad priof371 words
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Advertisement637 1991-11-23 17 m The Mat* of The Componieo Aot Cap.«o And hThoManaraf MMTEM MVESTMCNTS PTE LTD (In Voli/tary Uquldaßon) MEMBERS'VOLUNTARY WIOMQ UP At an 6*iordhary General Meenrig of the members at tha ebovanemed Company duty convened and hold at 220 Orchart Road «06-01 Mdpott Orchard Srgapore 0623 on the IBti day of637 words
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Article, Illustration404 1991-11-23 18 Rahita Elias - US plane maker likely to rope in Daewoo, Samsung and KAL By Rahita Elias SINGAPORE US plane manufacturer McDonnell Douglas, which has invited Taiwan Aerospace Corp to take a 40 per cent stake in its commercial aircraft business, is likely toGraphics by Financial Times - 404 words
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257 1991-11-23 18 South China Morning Post HONGKONG China International Trust and Investment Corp (Citic) chairman Larry Yung Chi-kin has denied interest in buying Hongkong Land the biggest local asset of Jardine Matheson Holdings. Mr Yung said on Thursday that neither he nor his companySouth China Morning Post - 257 words
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252 1991-11-23 18 SINGAPORE Boeing and McDonnell Douglas the two US leaders in aircraft manufacturing were in Singapore this week to sell their latest models. The McDonnell team, led by Robert Hood, president of Douglas Aircraft, arrived yesterday, while Paul Dubeck, Boeing's regional director, marketing management, for the252 words
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Article, Illustration328 1991-11-23 18 Harish Mehta - Asean-Japanese Businessmen's Meeting By Harish Mehta SINGAPORE Japanese investment flows into Asean in 1992 will be reduced compared with last year, on account of the capital shortage in Japan, says a Japanese business leader. Chairman of Keizai Doyukai (the Japan Association328 words
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338 1991-11-23 18 SINGAPORE Japanese businessmen disagree with their Asean counterparts over the East Asian Economic Caucus (EAEC) because it could drive the United States and the European Community into forming blocs. They add that a yen bloc, on the other hand,338 words
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247 1991-11-23 18 Reuter UNITED NATIONS Egypt's Deputy Prime Minister, Boutros Boutros Ghali, has been chosen to be the new secretary-general of the United Nations. Mr Ghali, the first person from the African continent to hold the world body's top job, will succeed Javier Perez de Cuellar,Reuter - 247 words
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Article, Illustration295 1991-11-23 18 William Chia - From William Chia in LANGKAWI SINGAPORE President Wee Kim Wee's four-day state visit to Malaysia has put in place yet another pillar to reinforce the bridge of friendship and understanding between two close neighbours. This was how a spokesman for the President295 words
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146 1991-11-23 18 SINGAPORE The Asean Chambers of Commerce and Industry will be meeting next week in Bangkok to formulate private sector submissions to the fourth Asean summit. The Asean-CCI position will be presented to the leaders of the six Asean countries when they meet in Singapore146 words
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Page 18 Advertisements
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Advertisement6 1991-11-23 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement62 1991-11-23 18 CHARTPOINT Every Saturday in Business Times New UN chief likely to focus on M East, Pg 7 TRANE AIR CONDITIONING TM Mr. WWtte Low Equipment Systems. Engineer f f FOR PROFESSIONAL AIR CONDITIONING DESIGN AND SERVICE, YOU CAN DEPEND ON TEAM TRANE. Mr. Pbuar Boon Hock Equipment Systems. Manager ■r62 words
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Executive Lifestyle
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Article, Illustration1203 1991-11-23 19 Nirmal Ghosh - Offices are looking very different nowadays. Nirmal Ghosh meets the people behind the innovative interiors Nirmal Ghosh WHEN was the last time you walked into an office or shop and thought you'd stepped into: a) a time machine; b) a David Lynch movie set; c) a contortionist's exercisePhoto by Arthur Lee - 1,203 words
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STRAWS IN THE WIND
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Article59 1991-11-23 19 YOU know how some restaurants like to wax lyrical about their specialities being the best in Singapore? One restaurant's a little more modest. When asked to recommend dessert, its captain said that its mango pudding was the second best in Singapore. Why second best? "So no one59 words
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Article60 1991-11-23 19 IT's treat-journalists-badly week. Two reporters who covered a bank loan-signing ceremony were also invited for lunch after the formalities. Happily trundling off to the restaurant, they were stopped by the bank's officers and told they could not go in. Instead, they were each given a $40 voucher60 words
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Article59 1991-11-23 19 ON ANOTHER occasion, a reporter covering the Singapore Contractors Association Ltd annual dinner was assigned a seat at the press table as per normal. But he couldn't help thinking something was amiss when everyone else in the function room was served a proper dinner, while he and59 words
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Article50 1991-11-23 19 THIS is what Fortune magazine had to say about American Express: "If Amex were a person, it probably would not be eligible for one of its own cards. Who'd give charge privileges to a corpus with an erratic earnings record and an inability to handle debt?"50 words
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OPINIONS
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Article, Illustration857 1991-11-23 20 Andrea Borch - Americans have overspent and overborrowed on easy credit. But the day of reckoning will come, says Andrea Borch Andrea Borch The writer is an American journalist who works for BT Ranking close to the top of the list of things Americans cherish, besides motherhood, apple857 words
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363 1991-11-23 20 Henry Tan - LETTERS TO THE EDITOR Henry Tan I READ with interest the PM's bewilderment as to why his predecessor fared better at elections in spite of his authoritarian style why Mr Lee Kuan Yew turned in better performances at elections even though he was not363 words
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Article, Illustration872 1991-11-23 20 Salil Tripathi - P V Narasimha Rao now commands the respect of many Indians. Salil Tripathi looks at how the soft-spoken Indian leader has turned his premiership into a success stoiy Salil Tripathi The writer is a BT journalist INCREDIBLE though it872 words
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SPORTS
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Article, Illustration614 1991-11-23 21 Virginia Slims Championships Reuter NEW YORK Eighth seed Jana Novotna of Czechoslovakia served her way into the semi-finals of the Virginia Slims Championships by stunning Wimbledon champion Steffi Graf 6-3 3-6 6-1 on Thursday. "It's unbelieveable. It's so emotional to me I just can't believe it," saidReuter - 614 words
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606 1991-11-23 21 SEA Games AFP MANILA The South-east Asian Games blast off here tomorrow with powerhouse Indonesia the hot favourite to be champion again, shifting attention to a possible three-horse race for the distinction of being second best. No world or Olympic records areAFP - 606 words
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205 1991-11-23 21 AP SYDNEY Even the sixman Bulgarian team will leave the World Amateur Boxing Championships with five medals. That's two more than 12 Americans could win, just eight months before the Olympics. And that's why people are asking the question that USA Boxing president BillyAP - 205 words
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SIDE LINES
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127 1991-11-23 21 SYDNEY Former US PGA champion Wayne Grady went into the second round of the Australian PGA Championship yesterday one stroke behind tournament leader Wayne Smith. Grady was in fine form after his poor showing at last week's South Australian Open at Royal Adelaide127 words
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Article130 1991-11-23 21 HOUSTON Nigerian Hakeem Olajuwon, star centre for the Houston Rockets, is likely to miss at least three games after being admitted to hospital late on Wednesday for an irregular heartbeat, team officials said on Thursday. The 28-year-old star is undergoing tests for the heart condition, listed130 words
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Article138 1991-11-23 21 NEW YORK Martina Navratilova expressed surprise on Thursday over the commotion caused by her "double standard" comments about Magic Johnson's announcement that he had contracted the Aids virus. Navratilova said on Wednesday she thought public reaction to Johnson's announcement and subsequent retirement would have been different138 words
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Article76 1991-11-23 21 SAN DIEGO Challengers for the America's Cup raced their new boats against one another for the first time on Thursday in an exhibition won by the French. Ville de Paris F-2, skippered by Marc Pajot, was declared winner of the Espana Exhibition Cup. The boat76 words
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Article81 1991-11-23 21 LAS VEGAS Porsche Cars North America and the International Motor Sports Association announced on Thursday the formation of a new racing series for Porsche Carrera 911 sports cars in 1992. The schedule for the Porsche Carrera Cup is not yet set but that it is81 words
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Article, Illustration598 1991-11-23 21 Sumo wrestling enters new era TOKYO Two hefty young men born to be champions have taken the sumo world by storm, sweeping away the cobwebs on what had become a stuffy spectacle appealing mainly to the elderly. Historians of Japan's national sport may record that the598 words
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EPICURE
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Article, Illustration566 1991-11-23 22 Quek Swee Peng - Caviar: on blinis, in a consomme, as a sauce. Quek Swee Peng chomps away course after course Quek Swee Peng THE FIRST course could not have been more predictable: a mound of the rare roe from the sturgeon scooped from a mother-of-pearl spoon (not a silver spoon and566 words
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LIFESTYLE
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Article, Illustration1047 1991-11-23 23 Claire Leow - Born on the hippie trail, Anita Roddick comes from a generation which remembers about the people power. She talks to Claire Leow about her autobiography, Body and Soul Claire Leow ANITA Roddick is a self-pro-fessed child of the 60's, born on the1,047 words
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Article, Illustration766 1991-11-23 23 N K Yong - WINE By N K Yong YOU DO NOT need much stamina to tour the vineyards of Tuscany. The glorious lush landscape, the irresistible food, the enchanting wines, and above all, the warmth of the people and the generosity of their hospitality turn maddeningly long drives, bad766 words
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Article, Illustration211 1991-11-23 23 Sybil Holloway - BRIDGE By Sybil Holloway Youth teams at the Annual World Junior Championships have consistently been showing great skill and flair in their bidding and play. Here we see Gerald and Stuart from Great Britain in their match against the US in 1989 conducting211 words
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PURSUITS 1
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Article, Illustration930 1991-11-23 24 Loretta McLaughlan - Odile Bongi is a perfumer. Nothing can escape through her nose. Loretta McLaughlan finds out how she does it Loretta McLaughlan ODILE BONGI lives and works in Singapore. But she operates in a different world. While the rest of us stumble through daily routines, imperfectly using930 words
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Article, Illustration688 1991-11-23 24 RINGO LIEW - CDltafav By RINGO LIEW KENNY LOGGINS: Leap Of Faith With a mellowness that leaves the listener tingling long after the final track is played, Kenny Loggins' new album should prove a pleasant surprise for fans and sceptics alike. Here, the singer digs deep into688 words
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Article, Illustration784 1991-11-23 24 Chuang Peck Ming - Four men nearly destroyed Wall Street with their junk bond scam. Den of Thieves finally tells all the secrets Reviewed by Chuang Peck Ming Den Of Thieves By James B Stewart 476 pages Simon and Schuster $39.95 JUNK bond king Michael Milken, who784 words
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Article, Illustration1078 1991-11-23 25 Claire Leow - Claire Leow gets a taste of poisson and the past in this historic, sun-drenched city in the south of France Claire Leow IT WAS in summer this year that I found myself in Toulouse a beautiful old city throbbing with the pulse of the past. Weaned on imagesPhotos by Claire Leow - 1,078 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1115 1991-11-23 26 Chew Eng Han - The Singapore and Malaysian governments are bent on restricting the number of cars on the road and naturally, many over-react. But motor sales are far from dwindling, says Chew Eng Han Chew Eng Han THE MOTOR vehicle industries in Malaysia and Singapore areSource: Registry of Vehicles,Singapore; Source: Economic Report, Ministry of Finance, Malaysia - 1,115 words
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Article, Illustration717 1991-11-23 26 Chew Eng Han - Chew Eng Han surveys the eight counters Chew Eng Han Inchcape Berhad SALES for Toyota cars has dropped since the Vehicle Quota System was implemented in May 1990. Average monthly sales now stands at 420 units, 145 units lower than before. The market for Suzuki717 words
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Article, Illustration647 1991-11-23 26 Najeeb Jarhom - CHART ■dMUfifei Jy. Najeeb Jarhom The writer is research manager with Fraser Securities Pte Ltd THE GROWING sophistication of investors in the Singapore market was evident when Wall Street's 120-point plunge on Nov 15 was swept aside after the initial trepidation. Besides widespread647 words
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Article, Illustration1202 1991-11-23 27 Kooi Cho Teng - Buying a property can be quite a headache, especially for the first-time home oWner. But Kooi Cho Teng explains how it can also be an enjoyable experience ON YOUR Kooi Cho Teng Ready to settle down or flat out on your own? Chasing your dream1,202 words
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Article, Illustration730 1991-11-23 27 S N vasuki i - The traditional role of gold as a safe haven against bad times has been whittled away over the years. S N Vasuki reports S N vasuki i Goldfinger, James Bond's evil nemesis had a magnificent obsession towards the queen of metals. In lanSource: Gold 1991 (Fields Mineral Services Ltd) - 730 words
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459 1991-11-23 27 FINANCING your dream home no longer need to be a nightmare. Banks are falling oyer themselves to offer attractive loan packages and other freebies. But for those who want no-frills but the cheapest rates, Credit POSB is probably your best bet. It is the459 words
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JOBS
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Article, Illustration1004 1991-11-23 28 Chuang Peck Ming - The US is going through a time of corporate squeeze, but a recent survey shows that some jobs are still paying very well. Chuang Peck Ming reports Chuang Peck Ming America is crowded with lawyers but it has room for more. Labour lawyers, in1,004 words
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Article, Illustration370 1991-11-23 28 Mr Steven Seek has recently been appointed General Manager of Sherry Computer Technology (S) Pte Ltd. He was previously the Divisional Marketing Manager for a local PC manufacturer PET Computers Service (S) Pte Ltd. Mr Seek has been in the computer business since 1985. Mr Paul Harris has370 words
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Article1142 1991-11-23 29 CHy FNgM ETA Flight ETD Atai MmW GA970 2245 GA976 2310 CZZ3H Qf 007 1815 flaiawi RJ182 1200 RJ182 1400 Aawtarriaai KL837 1340 SQ24 0115 SQ23 1815 KL838 2305 SQ36 2230 /UcfcteMl MZ35 1530 SQ325 2130 SQ338 1950 NZ36 2305 BA12 2155 Baatfar Sari BI421 11051,142 words
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THE TRAVEL PAGE
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Article, Illustration769 1991-11-23 29 Nirmal Ghosh - LETTER FROM VANCOUVER By Nirmal Ghosh IN A COUNTRY of spectacular scenery, charming cities and quaint old little towns, Vancouver still manages to stand out. Consistently regarded as one of the world's most beautiful cities, it is the only one in Canada where you can ski and769 words
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Article10 1991-11-23 29 Source: Republic National Bank of New York(S)Ltd10 words
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TIME OFF
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Article197 1991-11-23 30 SSO Concert Conductor Choo Hoey. Soloist: Chua Lik Wuk (violin). Chua Lik Wuk made his solo debut appearance with the SSO at the age of 16 and won a scholarship to study at the Royal College of Music in London. Tonight, he performs Rozsa's Concerto for Violin and Orchestra,197 words
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Article, Illustration386 1991-11-23 30 Yasotha M - Compiled by Yasotha M Watercolour paintings by Victor Chin A row of shophouses, precarious, frail, leaning on each other for support, ready to fall, ready to yield up their ghosts. In Victor Chin's watercolours such buildings take on a new and strange sort of existence: ambiguous, sometimes romantic, even386 words
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Article, Illustration525 1991-11-23 30 Dying Young. Julia Roberts falls for terminally ill patient (Campbell Scott) 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. Orchard: 11; 1.30; 4; 6.45; 9.15. Extra show at Midnight525 words
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Page 19 Advertisements
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Advertisement132 1991-11-23 19 a n 0 24-hour Loan information Service Approval 3 3 4 3 5 8 8 3 3 4 3 6 8 8 7 WANT YOU TO RIDE FOR ME AT ROYAL ASCOT. V v V RMK 4 i *> i r *i -V 5 MIM <5, ■HI OMEGA. The watch132 words
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Page 20 Advertisements
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Advertisement113 1991-11-23 20 BT welcomes letters from you. Address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers. IF ONLYj THE STOCK MARKET WAS AS RELIABLE. With the world economy going up and down like a roller coaster ride, isn't it nice to know113 words
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Page 21 Miscellaneous
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Miscellaneous77 1991-11-23 21 DOONESBURY HEUOr MR.K/MBERLIN? THIS IS RICK REPFERNFROM THE WASHINGTON POST... I'AIPO/N6A PIECE ONCANQUMIA FOPTHE PAPER. lUNDERSTANP f THAT IN PRISON YOU'VE BEEN REPEATBPLY PREVENTED FROM VWN6 TO 7WPR&S ABOUTQUm, WHICH, FRANKLY, I PONT GET. BY GARRY TRUDEAU IT SEEMS UKEAN AtUFUL BKS KALIS BEING MADECVER A ?0YSAROU> MARIJUANA CLAIM. MAS77 words
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Page 22 Advertisements
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Advertisement225 1991-11-23 22 WHERE TO WINE, DIME AND ENTERTAIN WHERE TO WINE, DIME AND ENTERTAIN WHEBE TO WINE, DINE PRINCESS <TEJKRACE> ...now on Fridays and Saturdays From now on, our Chinese Porridge Buffet will be served only on Fridays and Saturdays from 10.30pm to 3.30 am but at the same old prices $11.00225 words
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Advertisement348 1991-11-23 22 "F ouimessf SUNDAY TEMPTATIONS Evefy Sunday, Nutmeg's brings to you exquisite culinary surprises, fine wines and champagnes and the relaxing chords of our Jazz musicians. Seafood delicacies. Sunday favourites, local specialities and even a touch of American, await the family for a peaceful Sunday. For $34.50++ per person and 17.25++348 words
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Advertisement240 1991-11-23 22 Children's Activities at Fun/Qames Comer! Why worry about breakfast or lunch on a lazy Sunday morning? Come down for brunch with your whole family and feast on a delectable spread of hot dishes, soups, appetizers and r desserts, all prepared please discerning palates. 2-JO $20 $12 (Child) Atenu regulary 00240 words
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Advertisement252 1991-11-23 22 Local Tea Time delights at Chatterbox every Friday, Saturday and Sunday. 3 pm to 5.30 pm. $14.50-*- per person $8.50+ per child (below 10 yrs) NAmanr* uxrgr Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pm to 6 pm. $16.00+ per person $10.00+ per child (below 10 ynl252 words
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Page 23 Advertisements
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Advertisement207 1991-11-23 23 AND ENTERTAIN .1. /BL^n K&xux •V > Family Sunday Brunch A scrumptious buffet selection for the adults. Cartoons and toys for the kids. Evevy Sunday. 11 am to 2.30 pm. Adults $31 Kids $19++ For reservations, ANA HOTEL please call 732-1222 ext 1582/1597. SINGAPORE K 16NassmH* S<nQ»por« 1025 Tefepnone (65)207 words
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Advertisement53 1991-11-23 23 v' "r PiPP >■, ;'v" on Tr'.vv If you think classical music is for die squares and the old fogeys think again! Find out how interesting classical music can be... Tune-in to Radio 5 (FM92.4) every Sunday, 2.30pm to 3.00pm from November 24. And win attractive prizes in our weekly53 words
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Page 25 Advertisements
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Advertisement73 1991-11-23 25 looLiirog for <a somukcJl ijrovesliimeirall lUncnll will maliiiiire witln lime. Consider CoacL. AN AMERICAN LEGACY The lasting value of traditional craftsmanship and superb functional design. Sought after world-wide by discerning professionals. Coach for Business. Men's Briefcase $385 $1,389- Key Holder $35 $135. Organiser $239 $399. Exclusively available at Wisma Atria73 words
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Page 26 Advertisements
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Advertisement9 1991-11-23 26 Reach TOP TALENT it the Highest Level EXECUTIVE APPOINTMENTS9 words
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Page 27 Advertisements
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Advertisement54 1991-11-23 27 EXPRESS SHARE LOAN I i .*<■*> t Turn yourshar into cash ai 1 3S-" instantly at Get cash on the spot for your shares for 1,2 or 3 months at 1.1%* per month. Scripless counters are also acceptable. Flat (discounted) ONLY FROM: ■MUkMMaW:; mm tmmtc t* «7sm wniitMNart i N*«taMiT*7Mni*a54 words
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Page 28 Advertisements
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Advertisement153 1991-11-23 28 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. TheDHL153 words
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Advertisement9 1991-11-23 28 Managers must manage. BT shows you how every Monday.9 words
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Page 29 Advertisements
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Advertisement17 1991-11-23 29 Say goodbye to stt*\ every Monday and Friday. With Finnair's new schedule. Call *****77 for details. ®^//v/vww17 words
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Advertisement8 1991-11-23 29 Advertising and Marketing every Thursday in Business Times.8 words
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Advertisement52 1991-11-23 29 YO UNG L.O VE c f f rem lunch fimo Monday to Saturday NEW, NEWS, NEWSY I^X-T They're young ana in love. And curious about sex. But what should they do? How do they cope? There are exams to pass and parents to please. In Weekender today The experience of52 words
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Page 29 Miscellaneous
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Miscellaneous315 1991-11-23 29 CRYPTIC CROSSWORD ACROSS 8 Oriental jeans ape ruined (8) 9 Female warrior going to sea (6) 10 English copper or French coin (3) 11 It could rain hard in a storm on an old hag (8) 12 Tagged another ingenious device (6) 13 In a frustrating way I'd come back315 words
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Miscellaneous130 1991-11-23 29 WEATHER World forecast Asia-Pacific Hi/Lo* Auckland 19/12 Bangkok 32/23 Beijing 08/-4 Hongkong 23/17 Jakarta 32/24 Kuala Lumpur 32/24 Manila 30/24 Perth 27/17 Seoul 11/02 Sydney 25/17 Taipei 24/15 Tokyo ~16/06 Europe Hi/Lo* Amsterdam 05/03 Athens 24/14 Brussels 08/03 Copenhagen 05/00 Geneva 07/01 Lisbon 14/08 London 11/06 Madrid 11/00 Moscow. 02/-2130 words
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Miscellaneous48 1991-11-23 29 Rn StOW: ftaEjt (ÜBGCS CorniHG UP'.} rcr I CW'T PCC6PT IT WOW— fM IN TWt WRONG KJOD... VCW CW'T JUST vSijkP it down u«e.twt o—o0 —o CONT 6C StU-V.ffTICIKS —iOU'Se NOT DUG. Till throe. Icort BPCK "N hh hour! —f £&r>, kl C ASSOCIATED NEWSPAPERS LTD.. IM2-IMI 856548 words
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Page 30 Miscellaneous
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Miscellaneous1403 1991-11-23 30 TODAY'S TV MOVIES Kanan KM OK 11, 3pm, SBC 5 1989 sequel to Kanan Kiri OK Rio is offered a role in a movie and wife Anita wants a piece of the action too. Soon, even Tati the neighbour gets in on it. A Wedding, Bpm, SBC 12 A look1,403 words
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Miscellaneous680 1991-11-23 30 MOVIES ON TV Straight Line, Mon, 8.30pm, TV2 Private-eye TS Turner and his lawyer partner are hired by a senior citizen to bring a street gang to justice. You can be sure that's right up Mr Ts alley. Sweet Bird of Yeuth, Mm, 10.25pm, SBC 12 Tennessee Williams' play, cleaned680 words
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