The Business Times, 30 November 1991

Microfilm: NL17724
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    21 1 Business Times MCI (P) 16/12/90 Weekend Edition, November 30/ December 1 1991 THE B L SI HESS PAPER FOR S-E-ASIA 75*
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  • NEWS & MARKETS SUMMARY
    • Article
      Dow lower
      27 1 PRICES on Wall Street opened lower yesterday with the main indicator falling 10.06 points to stand at 2,889.98 points 30 minutes after the opening bell.
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    • Article
      Footsie lower
      31 1 LONDON share prices slid towards the 2,400 level on the FTSE 100 Index yesterday. At 1230 GMT, the index of 100 leading shares stood at 2,414.7, down 13.9 points.
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    • Article
      Japan's housing starts continue to fall
      53 1 TOKYO Japan's housing starts in October dropped 25.5 per cent from a year earlier to 113,153 units for the 12th straight year-on-year decrease. The Construction Ministry yesterday estimated that housing starts for the whole of fiscal 1991 to March 31 were expected to total
      53 words
    • Article
      Taipei gets tough with speculators
      51 1 TAIPEI Taiwan is cracking down on real estate speculators to head off a resurgence of the frenzied speculation that sent prices soaring and then crashing in the past few years. Banking and government officials said yesterday that the Interior Ministry was revising rules on land
      51 words
    • Article
      Dearer new buildings
      39 1 THE COST of new buildings, as measured by the newly introduced Construction Industry Tender Price Index, rose by 7 per cent for the second quarter of this year because of higher labour and material costs 2
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    • Article
      MUMB's Berjaya offer
      38 1 MUI UNIT Malayan United Manufacturing Bhd has sought approval from the Panel of Takeovers and Mergers to abort its partial general offer of a 38 per cent stake in the Berjaya Group Bhd Page 3
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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
    Heshe applies for listing on SES main board
    396 1  -  Move seen as part of expansion plan By Lee Han Shih SINGAPORE First Capital Corp (FCC) last night said its 60 per cent owned subsidiary, Heshe Holdings, had applied for a listing on the main board of the Stock Exchange of Singapore.
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  • Article
    Powers of elected president come into effect today
    281 1  -  By Genevieve Cua SINGAPORE Constitutional amendments providing for an elected president come into effect today, some six years after the idea of an elected president with certain veto powers was first mooted. The Constitution of the Republic of Singapore (Amendment) Act 1991
    281 words
  • Article
    M'sian ports keen to beef up anise facilities
    150 1  -  By Rahita Elias SINGAPORE Singapore's Asean neighbours are keen to develop their cruise port facilities in line with the development of the industry in South-east Asia. Port of Singapore Authority deputy executive director Goon Kok Loon said: "Penang and Kuantan have indicated
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  • Article
    Lock icon Seoul to open bourse to foreigners from Jan 3
    388 1 Reuter SEOUL South Korea announced yesterday it would open its US$ll5 billion (S$ 191 billion) stock market to direct but limited foreign investment on Jan 3, 1992, becoming the last of the major Asian bourses to embrace liberalisation. "That's a bit
    Reuter  -  388 words
  • Article, Illustration
    PM on fundamentals that will see Singapore through uncertainties
    518 1  -  By Chuang Peck Ming SINGAPORE Think longterm, get the fundamentals right and be driven by a "meritocracy with a heart". That is what Singapore must do to get through the uncertainties ahead and continue on the path of prosperity, Prime Minister
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      97 1 Nikon TtwVNbrid'sFinMt Photographic System. COVER Meet Elaine Garzarelli. EL CONTENTS Aircraft Schedule EL 11 Commodities Company News Cryptic Crossword financial News Futures Options Gold Prices Home News HK Tokyo Stocks Interbank Fore* Rates Jakarta 'Bangkok Stocks KLS£ Money Changei Rates Money Market Regional News Regional Stock Markets SES Ships m
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      Page 1 Advertisements Column 2
      39 1 PURSUITS AO's well in cat country. EL 6 Review of Postcards from the Edge. EL 6 OPINIONS Japanese managers: short on modesty. EL 2 Will Bush be reelected? EL 2 Winners of BT Investment Ract l>ucky Draw Pg 4
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      Page 1 Advertisements Column 3
      270 1 PURSUITS Remi Krug on his famous champagne. EL 7 r* Today, one watch reigns supreme. Ultra-thin Royal Oak in 18kt gold, diamonds set bezel and bracelet, full pave dial. BA *****/477 BA (Gents) BA *****/722 BA (Ladies). In 1972, the master watchmakers at Audemars Piguet created the first prestige sports
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      Page 1 Advertisements Column 4
      15 1 'Nikon TtwWbrid'sFlnMt PHumyiipMc Syrtwn. FINANCE Economic growth picking up in eight Asian countries. EL 8
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      Page 1 Advertisements Column 5
      21 1 JOBS Starting salaries for graduates: the expectations and the reality. EL 10 Laying groundwork for business with S Africa, Pg 2
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        Export institute starts business programme
        71 2 THE Export Institute of Singapore is starting an International Business Management Programme next February. It is aimed at entrepreneurs and senior management of export-oriented enterprises who wish to learn fresh approaches to better manage their international business. The programme will be conducted in five modules
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      • Article
        Mendaki-NPB centre opens
        127 2 YESTERDAY marked the opening of the Mendaki-NPB Fast Forward Centre at Wisma Mendaki by Lim Boon Heng, the Senior Minister of State, (Trade Industry) and chairman of the National Productivity Board. In his address, Mr Lim said the centre marked a new dimension in NPB's skills upgrading
        127 words
      • Article
        SIA bound for Surabaya
        108 2 SINGAPORE Airlines will start Hying thrice weekly to Surabaya, Indonesia's second largest city, as of tomorrow. The Airbus 310 service leaves Singapore on Wednesdays, Fridays and Sundays at 9.00 am and arrives in Surabaya at 10.15 am (local time) on the same day. The return flight
        108 words
      • Article
        Talk on foreign press
        135 2 THE environment for foreign correspondents is much better in Singapore now, said Peter Mackler, regional director of Agencie France-Presse (AFP), at a talk on Thursday night on "Foreign press: problems, opportunities and pitfalls" given to the alumni of Insead, the business school based in France. Mr
        135 words
    • Article, Illustration
      Lock icon Cost of new buildings up 7pc
      305 2  -  By Colin Tan THE cost of new buildings rose by 7 per cent for the second quarter of this year as compared to a year ago. The newly-introduced Construction Industry Tender Price Index (CITPI), which measures the cost a client must pay to construct
      Source: CIDB  -  305 words
    • Article
      Call to meet ISO 9000 standards
      242 2 SINGAPORE'S marine industry has been urged to join the electronics and computer industries in actively pursuing the ISO 9000 certificate, which represents an internationally recognised stamp of quality assurance. The call came from C L Foo, the Singapore country manager of London-based Lloyd's Register
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    • Article
      Bids for January COEs
      182 2 THE tender for the January vehicle certificates of entitlement (COE) will open on Monday and close at 4 pm the next Saturday. The Registry of Vehicles yesterday announced that the total quota for next month's tender will be 4,597 an increase of 313 COEs over the
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    • Article
      Laying groundwork for business with S Africa
      173 2 SINGAPORE is ready to do business with South Africa once the economic embargo against the country is lifted, says Prime Minister Goh Chok Tong. Mr Goh, who paid a brief visit to South Africa last month on his way home after the Commonwealth
      173 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      587 2 Vessel Voy No B«rth Arrival Departure Vessel Voy No Berth Arrival Departwe Marina Terminal 1 Batam Sayar* *****1 M04 alongside 3011/0500 Batamndo 1 127S MOl alongside 29.11/1700 Stnfa 9101 Song Lam 4 3/91 Thanh Da 8/91 7 P05 3011/2359 0512/0630 A 2312/0700 23 12/2300 P03 3011/0800 3011/1900
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    • Article
      CONTAINER SCHEDULE
      140 2 s 1i .'M.lliM.U FCL CONTAINERS AND LCL CARGO «P Voy No I Etb/Btr P ecord Booking/Balance eriod From Co Rstts From ACX Rub) 32A 30/2359 1 29/1500 2 29/1700 3 30/0700 29/1900 30/0900 30/1400 Ad Gwcharov 64SI91 02/1200 30/1200 30/1459 30/1700 Ma Bhun 119S 30/2300 1 29/1500 2
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    • Article
      IN MALAYSIAN PORTS
      225 2 Jotiorc Port Berth: 1: Barge Kuala Siak; 2: ml: 3: Johan IK; 4: Kranj: 5: ml: 6: ml 0§ jetty: earn Stor Viken DCJ: Gloria. Due on Nov 29: Gngroy Ordzhonikidze. Barge Halim Nina. Um Moral. Dm Mercy Due on Nov 30: Bunga Ma war. Bum Ik.
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  • COMPANY NEWS 1
    • Article, Illustration
      MUMB seeks to abort offer for Berjaya stake
      441 3  -  From Leslie Lopez in r\UALA LUIViruK MALAYAN United Manufacturing Bhd (MUMB), a subsidiary of Malayan United Industries Bhd (MUI), has sought approval from Malaysian regulators to abort its partial general offer of a 38 per cent stake in Berjaya Group Bhd. In
      441 words
    • Article
      Lock icon Berjaya Group forecasts pre-tax profit of M$40m
      361 3 MBT KUALA LUMPUR Berjaya Group Bhd (formerly known as Inter-Pacific Industrial Group) has forecast consolidated profit before tax and extraordinary items but after minority interest of about M 540.1 million (Ss24 million) for the year ending April 30, 1992. This forecast was given
      MBT  -  361 words
    • Article
      Lock icon FA Peninsular to invest M$20m in cocoa grinder plant
      217 3 Bernama KUALA LUMPUR Plan-tation-based FA Peninsular Bhd is investing about Ms2o million (S$ 12 million) in a joint-venture cocoa grinder processing plant, its first project since the lifting of its 14year suspension on the Kuala Lumpur Stock Exchange. Speaking to reporters
      Bernama  -  217 words
    • Article
      Depositary receipts causing confusion in Indonesian market
      696 3  -  THE HOCK LOCK SIEW COLUMN By Maggie Ford THE PROPOSAL to quote and trade depositary receipts (DRs) of the Indonesian company PT Gadjah Tunggal in Singapore by the end of the year has led to some confusion in the Jakarta market. Underlying the
      696 words
    • Article
      Metro Holdings reports 79pc plunge in net profit
      327 3  -  High rentals, payroll costs erode earnings By Sylvia Wong SINGAPORE Metro Holdings I id's earnings took a drastic turn for the worse in the halt" year ended Sep 30, with group net profit tumbling 79.20 per cent to $588,000 from $2.83 million
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    • Article
      Lock icon Boustead sees financial services as option for diversification
      346 3 MBT KUALA LUMPUR Boustead Holdings Bhd has identified financial services as one of the options available in its five-year diversification plan which commenced at the beginning of this year. Boustead's chairman General (R) Tan Sri Mohd Ghazali Che Mattold told reporters after
      MBT  -  346 words
    • COMPANY BRIEFS
      • Article
        Indocement acquires Semen Cirebon
        136 3 SINGAPORE PT Indocement Tunggal Prakarsa (Indocement), the largest cement producer in Indonesia, has acquired another cement company, PT Tridaya Mununggal Pcrkasa Cement (Semen Cirebon) for 543.0 billion rupiah. Indocement, a Jakarta-listed company of tycoon Liem Sioe Liong, paid 127.2 billion rupiah in cash for the acquisition
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      • Article
        SES approves CityDev's issue
        33 3 SINGAPORE The Stock Exchange of Singapore has given in-principle approval to City Developments Ltd's 1-for-10 rcnounceable rights issue and for the listing and quotation of the new stock units.
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      • Article
        YHS lowers TSR subscription price
        66 3 SINGAPORE Following approval of its one-for-two rights issue, Yeo Hiap Seng Ltd has adjusted the subscription price for its existing Transferable Subscription Rights 1994 from $2.89 to $2.55. The number of TSRs originally owned by a holder will also be adjusted upwards by a multiple
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      • Article
        Magnum's share split approved
        44 3 SINGAPORE At an extraordinary general meeting yesterday, shareholders of Magnum Corporation Bhd approved the splitting of the company's Msl.oo par value shares into two 50 sen shares. The share split is subject to approval from the Kuala Lumpur Stock Exchange.
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      • Article
        MBf Capital's special share issue
        49 3 SINGAPORE MBf Holdings Bhd has informed the Kuala Lumpur Stock Exchange that the M 537.5 million (5522.5 million) to be raised from the special issue of 74 million MBf Capital Bhd shares will be used as working capital and for expansion of its subsidiaries.
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      • Article
        Newsprint plant under study
        85 3 SINGAPORE The New Straits Times Press (Malaysia) Bhd, Nanyang Press (Malaysia) Bhd and Renong Bhd have signed a memorandum of understanding to form a committee to study the feasibility of setting up a newsprint plant in Malaysia. The cost of the study and all related expenses
        85 words
      • Article
        EON buys more C&C shares
        37 3 SINGAPORE Edaran Otomobil Nasional Bhd (EON) has bought another 1.3 million Cycle Carriage Ltd shares at about $5.20 apiece. The Nov 28 deal was completed for a total consideration of $6.75 million.
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    • COMPANY BRIEFS
      • Article
        HK firm to buy Canton hotel for HK$234m
        119 4 HONGKONG Hongkong Macau (Holdings) Ltd has signed a conditional agreement to buy a 99 per cent in the Plaza Canton Hotel in the south China city ot Canton and two nearby sites for a total of HKs_34 million (5550.2 million). The Hongkong-listed
        119 words
      • Article
        Mitsui blames Iran project
        90 4 TOKYO Mitsui and Co Ltd, one of Japan's major trading houses, said a steep fall in group profits was due partly to losses on a now defunct petrochemical project with Iran, and higher costs. "Rising costs, including labour costs, and losses on the IJPC (Iran-Japan Petrochemical
        90 words
      • Article
        Bond Corp depends on ACIL
        73 4 PERTH The survival of Bond Corp Holdings Ltd depends largely on its reaching agreement with former subsidiary Australian Consolidated Investments Ltd on legal action and asset sales. Chairman Peter Lucas yesterday told the annual meeting that although ACIL had agreed to support Bond Corp's scheme
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      • Article
        Laporte, Solvay end venture
        100 4 BRUSSELS Laporte, the British chemical company, and Solvay, the Belgian producer, on Thursday announced plans to disband Interox, their 20-year-old peroxide joint venture, in a £500 million (S$ 1.5 billion) deal. Interox, formed in 1970 to become the world's largest producer of hydrogen peroxide, was responsible
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      • Article
        Ultramar to sell Indon interests
        152 4 LONDON British oil independent Ultramar on Thursday forecast an unchanged dividend and said it would sell one-third of its Indonesian interests in an attempt to fend off rival Lasmo's 1.2-billion (553.6 billion) takeover bid. The planned sale of the Sanga Production Sharing Contract, estimated to
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    • Article
      Lock icon Sony, Motorola, Apple to develop multimedia PCs
      408 4 IHT, FT TOKYO Sony Corp is joining with Apple Computer Inc and Motorola Inc to develop multimedia personal computers by 1993, a leading economic newspaper reported on Thursday. The Nihon Keizai Shimbun said Sony and Motorola each had acquired 5 to 6 per
      IHT,; FT  -  408 words
    • Article
      Lock icon IBM Australia hit by recession, to cut 1,000 jobs
      273 4 Reuter SYDNEY The once-suc-cessful Australian unit of International Business Machines Corp said it had suffered badly from the local recession and would cut its workforce by 25 per cent. IBM Australia Ltd said the cutbacks involving about 1,000 jobs would take
      Reuter  -  273 words
    • Article
      Indon-Taiwan deal to develop Bekasi
      302 4 JAKARTA Indonesia's PT Gunungcermai Inti has signed an agreement with a Taiwanese group of investors for the sub-development of 200 hectares of the 2,000 hectares of property it is developing in Bekasi. The Jakarta Post reported earlier this week that PT Gunungcermai Inti is developing
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    • Article
      Lock icon Amcor buys Carter Holt Harvey's Anfor stake
      299 4 Agencies WELLINGTON Australia's Amcor Ltd has bought Carter Holt Harvey Ltd's (CHH) 50 per cent holding in Anfor Pty Ltd. the New Zealand Stock Exchange said. The NZSE said yesterday the announcement was made by Amcor. The purchase was for an undisclosed cash
      Agencies  -  299 words
    • Article, Illustration
      Lock icon Three Japanese firms postpone bourse listing
      253 4 Reuter TOKYO Three companies have postponed subscription offerings on the Tokyo Stock Exchange (TSE) second section due to worries over slumping stock prices and lack of demand for new issues, a TSE official said. The move follows an undeclared moratorium on new listings in
      Reuter  -  253 words
    • Article
      Lock icon Dutch small shareholders to fight Philips in court
      463 4 Reuter AMSTERDAM A Dutch small shareholders' group served notice it would fight the giant Philips Electronics NV through the courts, arguing that shareholders were misled about the group's dramatic drop in profits in 1990. Vereniging van EfTectenbezitters (VEB) director Robert de Haze
      Reuter  -  463 words
    • Article
      Saico shareholders fail to reverse decision
      299 4 BANGKOK Small shareholders in Siam Agro-Indus-try (Pineapple others) Co (Saico) failed to reverse a dividend payment decision by the company and its chairman Samran Kalayanaroojj after major shareholder Thai Farmers Bank threw its support behind Mr Samran, the Bangkok Post reported on Thursday. Saico
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    • Article
      Lock icon Californian brokerage to sell US stocks to Soviet investors
      457 4 Reuter LOS ANGELES A Cali-fornia-based brokerage will start selling stock in some of America's best-known companies to fledgling Soviet investors, helping the Soviet Union take another step on the road to capitalism. Seth Gersch. managing director of San Francisco-based Montgomery Securities,
      Reuter  -  457 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      55 3 9 AMI SALE UP TO 70% REDUCTIONS 23 Nov to 8 Dec 1991 Gents and Ladies shoes, handbags, travel goods and accessories. v Opening hours from 10.00 am to 9.30 pm. Boutiques: 01 36E. The Paragon. 290 Orchara Rd. Singapore 0923 Tel *****88. 02 09. Raffles Hotel. 328 North Bridge
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      30 4 &04tyiatutati<yrt& to the following winners of the BT Investment Race Lucky Draw IST PRIZE: Winners will be notified by poet. Prizes must be claimed by December 21, 1991. Businessliiiies I
      30 words
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      Page 4 Advertisements Column 2
      37 4 The CHINESE HERITAGE h j Si Hsu Bei- Hong's Rooster on Rock Sale of Scroll- Ptgs Calligraphy by Old Masters Old Jade Pieces Antique Furniture Porcelain SINGAPORE CONFERENCE HALL' till Dec 4th 12pm-Bpm ITEMS ARE PRICED TofSELL
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  • FINANCIAL NEWS
    • Article, Illustration
      MNB denies closure rumours
      395 5  -  No pressure from Bank of England to close down, operations in Singapore normal By S N Vasuki SINGAPORE It is business as usual at Moscow Narodny Bank (MNB), the London-based institution owned by USSR's foreign trade bank which has been rocked in recent days by rumours
      395 words
    • Article
      Lock icon Taiwan banks allowed to join Chinese in syndicated loans
      340 5 Reuter TAIPEI The government has given Taiwanese banks permission to take part in syndicated loans involving Chinese banks. Officials and bankers said yesterday that this was part of a drive to expand overseas lending by Taiwanese banks, which have so far
      Reuter  -  340 words
    • Article
      Lock icon Royal Bank of Scotland performs poorly
      203 5 Reuter LONDON Royal Bank of Scotland Group pk turned in a disappointing set of full-year results and analysts are concerned that a combination of high bad debts and low profitability could hold back any significant recovery. Pre-tax profit for the year to Sep 30
      Reuter  -  203 words
    • SMALL CHANGE
      • Article
        Dicky Iskandar's jail term cut by two years
        88 5 JAKARTA Indonesia's High Court has cut the jail term of a banker involved in the country's largest-ever banking loss. Dicky Iskandar di Nata, sentenced to 10 years last June for his role in the loss of US$4l9 million (about SS67O million) through
        88 words
      • Article
        Thai Olefins seeks US$150m loan
        65 5 BANGKOK Thai Olefins Co Ltd said it will mandate the Industrial Bank of Japan Ltd as lead arranger of a US$l5O million syndicated loan to partly finance its upstream petrochemical plant south east of the capital. A Thai Olefins official said the loan will compliment
        65 words
      • Article
        Christiania Bank cuts 511 jobs
        69 5 OSLO Norway's second biggest bank, Christiania Bank og Kreditkasse, said it was cutting 511 jobs in a restructuring and not 800 as previously announced. "Kreditkassen is today firing 511 employees as part of the bank's restructuring process and cost adaption," the troubled bank said in
        69 words
      • Article
        Deal for UK creditors of Drexel
        73 5 LONDON British creditors of US investment bank Drexel Burnham Lambert, which went into liquidation, will get £222 million (Ss6so million) in payment out of £250 million due, said liquidator KPMG Peat Marwick. Of the £250 million due to creditors of the insolvent British Drexel
        73 words
      • Article
        Triple boost for Canadian bank
        95 5 TORONTO The National Bank of Canada said its 9 per cent rise in net income in 1991 was due to a higher volume of consumer business, the strong performance of its broking subsidiary Levesque Beaubien GeofTrion and a moderate rise in its operating expenses. The
        95 words
    • Article
      Lock icon Way paved for US firms to offer credit cards
      350 5 Reuter WASHINGTON The Bank Bill that passed Congress this week contains a provision that makes it easier for commercial companies to ofler bank credit cards. Senator Alfonse D'Amato, who set off a furore by proposing to cap credit card interest rates,
      Reuter  -  350 words
    • Article
      Lock icon Dresdner Bank sees dark clouds forming
      431 5 Reuter FRANKFURT Dark clouds arc appearing oyer Dresdner Bank AG, taking the form of tighter margins on interest business, a rising need for write-offs at home and abroad and higher staff costs. "The situation is serious," chief executive Wolfgang Roeller told reporters on Thursday,
      Reuter  -  431 words
    • Article, Illustration
      US$ outlook slightly bullish
      470 5 DBS weekly currency review USD/DMK: Is bear run over? After closing below 1.5900 marks last Friday, the US dollar only managed to trade to a low of 1.5780 on Monday. On the back of a bullish divergence in the daily stochastics, it reversed sharply on Tuesday
      470 words
    • Article
      Lock icon Macquarie Bank sees 1.6pc rise in interim profit
      192 5 Reuter SYDNEY Australian merchant bank Macquaric Bank Ltd has said that the diversity of its businesses is responsible for the 1.6 per cent rise in net profit in the six months to Sep 30 to A 523.4 million (5530.4 million). "The diversity
      Reuter  -  192 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      185 5 M llllllll.J l I if m E B I o to 3 O -1 (0 0) \i _D 1 ra' > .s -.It, "O 1 ra 3 >. n 2? ra PAZYRYKS CARPET AUCTION is taking place again on Sunday Ist December 1991 Comprising 100 handmade Persian carpets just arrived
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  • THE REGION/THE WORLD
    • Article, Illustration
      Lock icon Thai growth tipped to rise next year
      324 6 BANGKOK Thailand's industrial growth next year would be about 10-11 per cent, compared with 9 per cent this year, the chairman of a leading securities house forecast yesterday. Mr Narongehai Akraseranee, chairman of General Finance and Securities Co, quoted in The Nation, said
      Source: The Nation  -  324 words
    • Article
      Risk factors that may dampen Thai economic outlook
      364 6 BANGKOK In spite of the rosy economic outlook for Thailand in 1992, a number of bankers interviewed by The Nation pointed to a number of risk factors that may affect the country's performance next year. Amnuay Viravan, executive chairman of Bangkok Bank,
      364 words
    • Article, Illustration
      Lock icon Regulation change aids Aussie investment outlook
      325 6 Reuter LONDON Recent changes in Australia's corporate regulations were improving the country's investment outlook, both domestically and internationally. Attorney General Michael Duffy told the Institute of Directors here on Thursday. Australia's international business reputation was severely dented in recent years, particularly by the well-publi-cised
      Reuter  -  325 words
    • Article
      Lock icon KL agrees to ratify convention on hazardous wastes
      325 6 MBT KUALA LUMPUR Malaysia has agreed to ratify the Basle Convention which will pave the way for its industries to ship out hazardous wastes to some 50 countries abroad and import muchneeded raw materials. Science. Technology and Environment Minister Law Hieng Ding
      MBT  -  325 words
    • Article
      Lock icon Asian oil traders assess Vietnam and Cambodian demand
      327 6 Reuter SINGAPORE Asian oil traders are weighing the opportunities for sales in Vietnam and Cambodia, not wanting to be left out when those economies take off and oil consumption surges. "Energy consumption will surge when foreign investments pour in, but this will
      Reuter  -  327 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      222 6 TIME-BASED CHARGING OF LOCAL PHONE CALLS Singapore Telecom thanks all our subscribers and members of the public for their views and comments on the timebasecfcharging system. In response, we are pleased to announce that the time block has been reduced to 30 seconds during the standardrate hours and to one
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  • THE WORLD
    • Article
      Lock icon Disagreements remain in reforming Gatt rules
      426 7 Reuter GENEVA Thirty countries have expressed deep concern over the state of talks on reforming Gatt trade rules in such areas as antidumping measures and subsidies, trade officials said on Thursday. The rule-making sector of the Uruguay Round of negotiations, held under the General
      Reuter  -  426 words
    • Article
      Lock icon India's Leftist unions strike against reforms
      251 7 Reuter NEW DELHI Leftist trade unions launched an attack on India's radical economic reforms yesterday with a public-sector strike that closed banks, affected port operations and hit public transport. Repeated efforts by the government to persuade the unions to call off the strike foundered
      Reuter  -  251 words
    • Article
      Lock icon Shenzhen likely to be granted special legislative power
      206 7 AFP HONGKONG Chinas special economic zone of Shenzhen is likely to be granted special legislative power because many of its laws are outdated and unable to cope with economic development, according to a report on Thursday. The vice-chairman of the National People's
      AFP  -  206 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      160 7 7 IN ONE ISS The Straits Times Weekly Overseas Edition. A crisp summary of the week's major happenings in Singapore. Politics, business, the economy, investment opportunities, executive appointments... And highlights on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be. Every week. The StraitsTtmes WEEKLY OVERSEAS
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      Page 7 Advertisements Column 2
      1592 7 i 1 I§ 3 i S S. BANQUE NAHONALE DE ?ARSS (Incorporated in France with limited liability) Head Office: 16 Boulevard des Italiens ***** Paris Asian Offices: Branch in Singapore Subsidiaries PT Bank BNP Lippo Indonesia and Pt BNP Lippo Utama Leasing Representative Offices in Indonesia, Malaysia and Thailand Offshore
      1,592 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Bargain-hunting sends prices to higher close
      3331 8  -  By Schutz Lee BARGAIN hunting for selected blue chips in the last 20 minutes of trading yesterday boosted the market to a higher close. The key Straits Times Industrials Index managed a 3.97-point gain to end at 1,453.20 points. The STII traded narrowly between
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    • Article, Illustration
      HOT STOCK
      75 8  -  By Chew Eng Han Comment MALAYAN Credit might try for $2.00 again, but failure to clear that level will mean a likely drop to support at Si.75 to $1.80. A break above $2.00 leads to next target at about $2.15, which should be a good level to liquidate.
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices end mixed in selective bargain-hunting
      487 11 Agencies SHARE prices recovered to end mixed yesterday following selective bargain-hunting for cheaper-priced stocks towards the close but investors were still cautious especially ahead of the weekend. In thin trading, the KLSE Composite Index slipped 0.23 of a point to 532.09 but the Industrial
      Agencies  -  487 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end lower on arbitrage unwinding
      239 13 Reuter STOCKS ended easier but ofT lows on the Tokyo Stock Exchange yesterday. Stocks had rallied in the morning on arbitrage buyprograms amid trade thinned by lack of incentives. But the programs reversed course after futures crumbled due to poor momentum and rehashed rumours
      Reuter  -  239 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Uncertainty sidelines investors
      215 13 Reuter HONGKONG stocks were marginally firmer in lifeless trading yesterday. Brokers said sentiment was lacklustre, due partly to uncertainty over Wall Street's direction as share prices were trading at a low level. Fears that the US might impose trade sanctions against China also kept people sidelined. The
      Reuter  -  215 words
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  • REGIONAL STOCK MARKETS
    • Investors hold back as US takes holiday
      • Article
        AUSTRALIA
        348 14 THE Australian share market drifted lower in listless trade yesterday, with brokers blaming the lack of interest on Thursday's holiday on Wall Street. The All Ordinaries index closed 3.6 point lower at 1601.4. "I don't think we will see any significant strength or weakness between now and Christmas," one
        348 words
      • Article
        MANILA
        148 14 SHARE prices eased yesterday as cautious traders stayed on the sidelines awaiting firm signals as to how the US market would move in the coming days. The Manila Stock Exchange composite index slid 3.96 points to close at 1,088.08. Analysts said many investors were reluctant to enter the market
        148 words
      • Article
        TAIPEI
        132 14 TAIWAN share prices finished lower across the board yesterday as big players dumped shares after technical buying earlier in the week, brokers said. The weighted index fell 61.97 points or 1.4 per cent to finish at 4,391.61 compared with Thursday's 4,453.58 close. Turnover was a thin NTS 18.96 billion
        132 words
      • Article
        SEOUL
        85 14 SEOUL stocks closed sharply lower yes- terday mainly due to selling by investors who believed the government will not unveil market-boosting steps in the near future. Whenever prices gain, investors are seeking to sell because a large volume of credits extended to customers to bu} shares were due to
        85 words
      • Article
        NEW ZEALAND
        64 14 NEW ZEALAND shares recovered fronj early morning weakness to end only slightly lower yesterday. Brokers said there appeared limited downside. The NZSE-40 Capital Index endecj 1.25 points down at 1,493.70 after drifting as low as 1,475.91. Turnover was at eight million shares worth NZ$l3.B million. There was a
        64 words
      • Article
        BOMBAY
        80 14 SHARE prices fell broadly on Thursday in listless trading on the last day of the two-week account undermined by higher carry-forward charges, brokers said. They said the charges were fixed at F per cent a month in the upcountry CaU cutta exchange, but were expected to average 2.5 per
        80 words
      • Article
        Untitled
        61 14 Mm an prtoa trw* aa Mm wrtT. M*r stock anrtats aa cafcatrtad ky Stoatoy CyKal totoraattoiiat Par*»actfra. team. toftcaa mtM wMi a art tote* (tm a baa* at 1M at tha bagM* at IW. Ifca atfcar Man an tofcao Irwa a haaa at 1M at tha at 1«70. Tha parcantoga
        61 words
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  • WORLD STOCK MARKETS
    • Banking stocks lead sharp fall in London
      • Article, Illustration
        Untitled
        409 15 Deere Co ...48 5/8 -0 7/8 Digital Equipment ....63 5/8 -0 6/8 Dow Chemical ....49 2/8 -0 5/8 Dresser Ind ....18 6/8 -0 2/8 Du Pont 45 3/8 Eastman Kodak ...46 5/8 -0 2/8 Eaton ....57 4/8 -0 3/8 Engelhard ...29 2/8 unch Ennis Business Forms 18 7/8 unch Exxon
        409 words
      • Article, Illustration
        LONDON
        338 15 A FIRM early trend on the back of a Steadier pound gave way in the face of disappointing company news and share prices finished sharply lower here Thursday. Worries about the economy and a potential interest rate rise re-emerged during the day to exacerbate losses. The FT-SE 100 Index
        338 words
      • Article
        AMSTERDAM
        97 15 DUTCH shares closed slightly lower where changed, after a session bereft of investor interest on Thursday, dealers said. The EOE Index fell 0.64 to 276.22, having been as low 275.81. With the US market closed for the Thanksgiving holiday, there were few retail or professional investors willing to open
        97 words
      • Article
        FRANKFURT
        331 15 GERMAN shares ended a patchy session mixed on Thursday, with some individual stocks driven sharply higher or lower by items of corporate news. But the market in general lacked any real direction. "It was generally pretty quiet, but with patches of activity in some stocks," one trader said. The
        331 words
      • Article
        PARIS
        236 15 THE Paris bourse inched lower on Thursday with French investors showing no appetite for equities as their US colleagues took the day off to enjoy their Thanksgiving dinners. Traders said the Thanksgiving holiday on Wall Street left many unwilling to act on the French market, depressing volume and weighing
        236 words
      • Article
        ZURICH
        94 15 SWISS share prices ended slightly lower in dull trading on Thursday, mainly in reaction to declines on foreign markets, dealers said. With Wall Street closed because of the Thanksgiving Holiday the market lacked incentives, they said. The allshare SPI index fell 3.5 points or 0.33 per cent to 1,047.3
        94 words
      • Article
        STOCKHOLM
        138 15 PRICES on the Stockholm bourse closed firmer on Thursday, but in low volume as many investors preferred to wait until Sweden's 1 per cent turnover tax on share deals is scrapped on Monday. "Today's upturn should be seen as a continued rebound from depressed price levels," one dealer said.
        138 words
      • Article
        JOHANNESBURG
        226 15 STOCKS closed mixed to lower in thin trading on Thursday, after the world gold prices eased to below US$366 an ounce, dealers said. The Overall Share Index was three points higher at 3,531. The Industrial Index fell 14 points to 4.208, while the All-Gold Index eased six points to
        226 words
      • Article
        TORONTO
        172 15 TORONTO stocks eased slightly late in the day to end marginally lower, after most players spent the day on the sidelines, dealers said. The US Thanksgiving holiday and lack of corporate news kept trading quiet, they added. The TSE 300 composite index closed down 3.2 at 3,436.9. Declining issues
        172 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon Japan's regional banks keen to enter forex trade
      624 16 Reuter TOKYO Japan's regional banks and credit cooperatives are spending big money to get into foreign currency trading to meet rising demand from corporate customers. "We entered the currency business because of growing demand from firms in our region, not for our
      Reuter  -  624 words
    • Article
      Lock icon Foreign holdings of NZ govt paper fall
      229 16 Reuter WELLINGTON The total value of New Zealand government bonds held by nonresidents at the end of October was down NZ$29B million (***** million) from the previous month at NZ51,435 billion, Reserve Bank data showed. Their holdings of treasury bills fell NZ$ 111
      Reuter  -  229 words
    • Article
      FINANCIAL FUTURES
      17 16 Note: Volume and open interest are for previous day trading. Source: Singapore International Monetary Exchange
      17 words
    • Article
      Worries over Soviet situation push US$ up against mark
      1146 16 REPORTS Tokyo: The US dollar was sharply higher against the mark in late trading, mainly on mark sales for yen after a break of support at 80.00 yen, dealers said. The US dollar was only slightly higher against the yen. "The
      1,146 words
    • Article
      INTERBANK FOREX RATES
      44 16 Source: UOB Source: Astley Pearce OCBC Exchange Rate Index Nov 29 The OC'BC trade-weighted index for the Singapore dollar was down 0.02 per cent to 136.21. The index is calculated against the currencies of Singapore's top 12 trading partners. Source: OCBC
      44 words
    • Article
      MONEY MARKET
      38 16 Rates quoted by Astley Pearce Rates quoted by NatWest Sole Based on latest issues Source: The Monetary Authority of Singapore entral hank discount rates Axiragcj't 12 hanks: Hoat Source: National Westminster Bank Source: National Westminster Bank
      38 words
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  • COMMODITIES
    • Article
      Lock icon Act to bring down premium of spot copper, LME urged
      464 17 Reuter LONDON The secretary general of a group of copper consumers in Australia, Europe and Japan, urged the London Metal Exchange (LME) to take action to reduce the premium of spot copper over three months delivery on the market. "There
      Reuter  -  464 words
    • Article
      Lock icon Flood of Soviet metals exports seen unlikely to continue
      281 17 Reuters HELSINKI The recent flood in metals exports from the Soviet Union is unlikely to continue as production problems in the country will probably cut supply, Outokumpu Metals and Resources president Risto Virrankoski said. Increased exports from the Soviet Union for
      Reuters  -  281 words
    • Article
      Tin edges up five sen after hitting 5-year low
      858 17 REPORTS TIN PRICE on the Kuala Lumpur Tin Market (KLTM) edged up five sen to close at M$ 14.66 per kg on technical correction, after plunging to a five-year low on Thursday. The trend also reflected gains on the London Metal
      858 words
  • Article
    PRICES
    274 17 Rubber Nov 29 IKII-11—W ■EES?! Noon Close Int 1 RSS Prompt 132.7 V I33.75N 133.2VI34.25N lm 1 RSS Dec 91 132.25/132.75 I32.7V133.25 Int 1 RSS Jan 92 133.75/134.25 134.25/134.75 Int 2 RSS OP 130.75/132.75N I31.00/I33.00N Int 3 RSS OP I28.50/I29.50N 128.75/129.75N Int 4 RSS OP 125.75/I27.75N 126.00/128.00N Int 5
    274 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      8 17 Innovation and Technology in BT on Tuesday X
      8 words
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      Page 17 Advertisements Column 2
      826 17 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF RECAST TRADING PTE LTD (1b Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the abovenamed company, duly convened and held at 401 Race Course Road, Singapore 0821 on 26 November.
      826 words
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      Page 17 Advertisements Column 3
      754 17 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF ARMOUR-HUGH SERVICES PTE LTD (In Members' Votaatary Liquidation) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the above named company, duly convened and held at 401 Race Course Road Singapore 0821 on 26th
      754 words
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  • Article, Illustration
    Lock icon Bush vows to pursue economic growth package
    437 18 President attacks Congress for failing to do more Reuter WASHINGTON United States President George Bush has attacked Congress for failing to approve legislation that would cut taxes, reform the banking system and slash health-care costs. "These proposals would let Americans do more, produce
    Reuter  -  437 words
  • Article
    Lock icon Mitterrand warns Britain it could be left out of EC treaty
    459 18 Reuter BONN French President Francois Mitterrand urged the European Community yesterday to be patient with cautious member Britain but warned that London could be left out of the union treaty to be agreed on next month. Mr Mitterrand, interviewed
    Reuter  -  459 words
  • Article
    Lock icon Japanese group to build Chinese industrial zone
    161 18 Reuter TOKYO A group of Japan's banks, trading companies and private investment institutions will sign an agreement today with Dalian city la north-east China to jointly develop an industrial zone there. Japanese participants said yesterday that the agreement, to be signed at a
    Reuter  -  161 words
  • Article
    Lock icon Kremlin could run out of money on Monday
    314 18 AP MOSCOW The Kremlin could run out of money on Monday after the failure of the Supreme Soviet on Thursday to pass a deficitspending Bill. Soviet media reports yesterday said the Bill, proposed by President Mikhail Gorbachev, would have allowed the State
    AP  -  314 words
  • Article
    Lock icon Ukrainians expected to vote for independence
    176 18 Reuter KIEV Defying warnings of catastrophe from President Mikhail Gorbachev, Ukrainian voters are likely to choose independence tomorrow and slam the door on his plans for a new Soviet confederation. Ukrainian politicians expect voters to say "Yes" to independence by a convinc- ing majority,
    Reuter  -  176 words
  • Article, Illustration
    Something to drink to
    39 18 GLASGOW Osaka bar owner Yusaka Matsuda posing with a 60-year-old bottle of malt whiskey he bought at a Christie's auction on Thursday for £6,375 (about S$19,000), the highest tfrice paid for a bottle of whiskey.
    39 words
  • Article
    Lock icon Israel to consider compromise on peace talks
    399 18 AP JERUSALEM Israel is ready to attend Middle East peace talks in Washington on the date set by the US Administration if the Americans compromise on other Israeli demands, Israeli newspapers reported yesterday. Israeli officials emphasised yesterday that Israel's insistence on a five-day
    AP  -  399 words
  • Article
    Lock icon Strong yen symbolises Japan's economic health: finance minister
    526 18 Reuter TOKYO Japanese Finance Minister Tsutomu Hata favours a strong yen because it symbolises the nation's economic health. "A strong yen is something that symbolises the nat ion's economic fundamentals... It is not all bad," Mr Hata told Reuters yesterday, in his
    Reuter  -  526 words
  • Article
    Lock icon Khmer Rouge blame foreigners for attack
    339 18 Reuter BANGKOK The Khmer Rouge, blaming foreigners for the attack which forced its leaders to flee Phnom Penh, said yesterday it would abide by Cambodia's peace treaty and attend a meeting of all factions in Thailand next week. "We have confirmed to Prince Norodom
    Reuter  -  339 words
  • Article
    Lock icon German Parliament approves draft budget for 1992
    287 18 Reuter BONN Germany's Lower House of Parliament yesterday passed the government's 1992 budget draft, which foresees spending of 422.1 billion marks (***** billion) and a deficit of 45.3 billion marks. Roughly one-quarter of total spending, or 110 billion marks, will go to help
    Reuter  -  287 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon When Elaine talks, people listen
      1435 19  -  Wall Street's ace forecaster tells Salil Tripathi why hard-nosed corporate dobermans trust her with their money Salil Tripathi ITS A MAN's world out there: The dealing room at a Wall Street brokerage firm is thick with smoke, thicker with rumours. Fund managers forget their Phi
      Photo by Arthur Lee  -  1,435 words
    • STRAWS IN THE WIND
      • Article
        Arms check-in
        55 19 WHEN you see a girl behind a counter overseas, you figure she probably wants to take your coat right? Not so in one casino in Manila. There was such a girl there, but she wasn't checking in coats. There was a sign in front of her which said:
        55 words
      • Article
        Fast food?
        22 19 THE National Productivity Board launched its restaurant productivity campaign recently. Hmm. What do they expect people to do, eat faster?
        22 words
      • Article
        SEEM, not heard
        32 19 YOU've heard of yuppies, DINKs, SINKs and so on. Now get set for the latest acronym making the rounds of Shenton Way. It's SEEM the Silent English Educated Majority.
        32 words
      • Article
        Fabric of time
        47 19 SHOPS in Nantong, fashion and textile centre of the Fujian province, sell a wide variety of clothing. One visitor who asked if they were all handwoven received this reply: "But of course. We have so much time here. How else could we do it?"
        47 words
      • Article
        Puss lends a paw
        63 19 A NEW breed of panhandlers exist in San Francisco, where a current cat craze has been sweeping the city, evident from the array of cat books and other paraphernalia in the bookshops. Obviously taking advantage of this were beggars in street corners, trying to induce sympathy
        63 words
    • OPINIONS
      • Article
        Talk of Bush's political demise grossly exaggerated
        852 20  -  President George Bush's hands-off approach towards handling the US economy has come in for severe criticism. There is now talk that he will be bruised in next year's polls. S N Vasuki assesses his chances of being re-elected S N Vasuki The writer
        852 words
      • Article, Illustration
        Lock icon Portrait of a master-servant relationship
        786 20  -  Toh Teck Sun finds something disturbing about the survey on Japanese managers and their South-east Asian counterparts Toh Teck Sun The writer is BT's Features Editor JAPANESE managers are not a modest lot. Just look at the table that accompanies this article. While their South-east
        Ben Cruz  -  786 words
      • Article
        Improving SIA Local shares' showing
        716 20  -  LETTER TO THE EDITOR A K SINGAPORE AIRLINES as an investment is outstanding: SIA remains one of the best managed and most profitable companies not only in Singapore but also among world airlines. SIA continues to be one of the most attractively valued blue chips
        716 words
    • SPORTS
      • Article, Illustration
        Lock icon A field day for Malaysia
        716 21 SEA Games AP MANILA Indonesia swept five swimming events yesterday to widen its lead in the South-east Asian Games while Malaysia captured three golds in track and field. Thailand and the Philippines were tied for second place in the race for golds. Filipino swimmer Eric
        AP  -  716 words
      • Article
        A warm welcome back, South Africa!
        694 21  -  The return of the former outcast will enrich world cricket, says Sree Kumar Sree Kumar SINGAPORE It could not have happened too soon. South Africa has, after 21 years, been re-admitted to international cricket. If there is one game in which politics and sports
        694 words
      • SIDE LINES
        • Article
          Big heart better than great swing
          136 21 BANGKOK After a season in which he reclaimed the European number one spot, Severiano Ballesteros is sure to be in good heart as he squares off for today's 2.1 million-baht Johnnie Walker Skins at Bangkok's Royal Thai Army Golf Course. With him will be
          136 words
        • Article
          Gallacher stays as captain
          77 21 LONDON Bernard Gallacher has agreed to remain captain of Europe's Ryder Cup golf team for the next battle against the US in 1993. He made the commitment to lead Europe at The Belfry in the English midlands at a meeting of the Ryder Cup Committee. No
          77 words
        • Article
          Wattana ousts James
          99 21 PRESTON, England Thailand's James Wattana claimed another notable scalp on his way through to the semi-finals of the UK Snooker Championship here on Thursday night. Wattana, who had already beaten six-times UK champion Steve Davis, ousted World No 7 Steve James 9-5 to reach the third world
          99 words
        • Article
          Woodforde fights back
          109 21 JOHANNESBURG Mark Woodforde fought back repeatedly with piercing ground strokes on Thursday to defeat third seed Jakob Hlasek 7-5, 2-6, 7-6 (7-3) in the Altech-Xerox South African Open. Top-seeded Petr Korda narrowly avoided an upset by unheralded Grant Stafford, taking a 2-6, 7-6 (7-5), 6-3 decision, while
          109 words
        • Article
          Maradona's sentence suspended
          68 21 BUENOS AIRES An Argentine federal court has suspended a preventive jail sentence against sanctioned soccer star Diego Maradona and ordered the sports figure to undergo a drug rehabilitation programme. The court, deliberating an April charge of cocaine possession against Maradona, also suspended a lien placed on roughly
          68 words
      • Article
        Lock icon The unsung heroes of rallying
        617 21  -  Behind the glory of rally drivers are their crews who work in atrocious conditions, says Timothy Collings Timothy Collings Reuter CHESTER, England Carlos Sainz, Juha Kankkunen and Didier Auriol may grab the glory but it is the mudcovered mechanics and support crews who are the
        Reuter  -  617 words
      • Article, Illustration
        Lock icon Taming of a free spirit
        937 21  -  Sandra Bailey reflects on the charisma of Yannick Noah Sandra Bailey NYT PARIS Who would ever have expected to see him here, sipping a Perrier in a health club by the Seine and talking about court-sur-face strategy? Who would ever have picked the role of
        NYT  -  937 words
    • EPICURE
      • Article, Illustration
        Lock icon The chopstick crowd
        639 22  -  Quek Swee Peng discovers a newly-opened dian xin restaurant in Orchard Road Quek Swee Peng WHENEVER dian xin die-hards meet, they exchange notes: Which is the best barbecued pork-pie? The tastiest turnip pudding? TTie most yummy yam-pie? The most delectable shrimp dumpling? What about the service? Fast?
        Punch  -  639 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon The sharks are going all out
        774 23  -  With China's new-rich snapping up sharksfin at an incredible rate, supplies to this region have dwindled. Sylvia Wong finds out how markets here are coping Sylvia Wong Sharksfin may be a Chinese delicacy, but for a long time, only the Chinese outside of China
        Photo by Chris Loh  -  774 words
      • Article, Illustration
        Singapore team relates the ducking game
        319 23  -  BRIDGE By Sybil Holloway At THE 13th Asean Bridge Club Championship 1991, held in Bangkok last month, the Singapore Open Team met me after their match against the team from China. They proceeded to describe the result of this match. In the Open Room,
        319 words
      • Article, Illustration
        Slow Food: a commitment to the finer aspects of living
        714 23  -  WINE By N K Yong There we were, over 200 wine and food enthusiasts, on a grey, cold and wet November morning, bundled up in sweaters and great coats, sheltering under umbrellas on the wind and rain-swept bus park, waiting
        714 words
    • PURSUITS 1
      • Article, Illustration
        Kitty country
        720 24  -  Feeling blue of late? Escape into Cheryl Osborne's colourful world of felines with broad grins, advises Susan Tsang Susan Tsang Anyone who feels trapped by the relentless reality that the concrete highrises of Singapore represent would do well to escape into the Marina Mandarin, itself an architectural monolith.
        720 words
      • Article, Illustration
        Mega-sparks of fun in Hollywood
        630 24  -  In Postcards from the Edge, advice comes in cliches and morals are drawn from movies. Claire Leow watches as Meryl Streep goes B grade Claire Leow NOW WE ALL know Meryl Streep can act. It helps if the character she portrays is also neurotic, has
        630 words
      • Article, Illustration
        Undeniably underground
        765 24  -  CD Review By RINGO LIEW U2: Achtung Baby To say that this has been the most eagerly awaited album of the last two years would only be a slight exaggeration. Such is U2's cachet among its audience and the music press that the Irish group was last year
        765 words
      • Article, Illustration
        Bottled prestige
        843 25  -  Krug occupies a hallowed place in the heady wodd of champagnes. Managing director Remi Krug tells Harish Mehta why his bubbly is so special Harish Mehta POSSIBLY the first thing that Remi Krug saw when he entered the world 49 years ago was a bottle of Krug champagne,
        843 words
      • Article
        Sweet therapy
        505 25  -  Susan Tsang discovers that there is more to aromatherapy than just inhaling smells Susan Tsang WHEN Hamlet's girlfriend Ophelia went mad, she turned to flowers. Karen Day and Judith White, practitioners of aromatherapy, would approve. While they don't actually hand out flowers like Ophelia did ("There's fennel for
        505 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article, Illustration
        Lock icon The magnificent seven
        1079 26  -  Hoare Govett, a securities firm, is on its annual road show around the world. Its analysts see economic growth picking up as a whole in Asia. Magdalene Ng reports Magdalene Ng INDONESIA is looking cheap, with its market expected to turn in the highest earnings growth for
        Source: Hoare Govett  -  1,079 words
      • Article
        Taiwan anomalies: where the bargains are
        452 26 Hoare Govett looks at the Taipei market for some good deals The opening of Taiwan's stock market could not have come at a better time, says securities house Hoare Govett. For investors willing to do their homework, bargains abound. Twenty years of trading in
        452 words
      • Article, Illustration
        Lock icon High-yielding European currencies are in
        474 26  -  Chew Eng Han believes there is another opportunity to buy currencies Chew Eng Han IF YOU haven't already bought currencies such as the deutschemark, which have been riding high at the expense of the greenback, another opportunity is just around the corner. After weeks of
        Source: Teletrac  -  474 words
      • Article
        Sketches of the six undervalued issues
        240 26 Far Eastern Textiles: Taiwan's largest textile firm and one of its largest non-govern-ment landowners. Interest in four listed companies Asia Cement, Far Eastern Department Stores, Oriental Union and U-Ming Marine. Bulk of properties in city suburbs of Panchiao, Taishan and Shulin. Vice-chairman/president Douglas Hsu
        240 words
      • Article, Illustration
        Market will continue to consolidate
        581 26  -  CHART By Goh Hiang Fong The writer is head of research of Lum Chang Securities Pte Ltd THE Singapore stock market over the past two weeks has been suffering from low liquidity. Investors should not take this period of inactivity in a negative light as
        581 words
      • Article, Illustration
        ... And Dow shalt rise
        1263 27  - And Dow shalt rise Elaine Garzarelli has impressed many with her shanp instinct in the stock market. She explains to Salil Tripathi how she works out her sums Salil Tripathi This girl just wanna have funds. And Elaine Garzarelli, 39, is the big girl on Wall Street, and she has
        1,263 words
      • Article, Illustration
        A British bear on Wall Street
        706 27  -  Contrary to Elaine Garzarelli's bright indicators of a bull run, David Fuller thinks the world markets are in for a bear-hug. S N Vasuki reports S N Vasuki WHILE Elaine Garzarelli can distinctly hear the stomping of bulls on Wall Street, chartist David Fuller
        706 words
    • JOBS
      • Article, Illustration
        Expectations versus reality
        769 28  -  Chuang Peck Ming finds disappointed dentists and contented architects in the 1990 NUS/NTI Graduate Employment Survey Chuang Peck Ming Dentists making their debut in the job market last year were a disappointed lot. Half of the 1990 batch of dental surgery graduates were unhappy with their first
        769 words
      • Article
        Unusual jobs and creative careers
        321 28 YOU've heard of the desperate university graduates who took on jobs as clerks and typists when the economy was down and jobs were scarce. It seems a long time ago. But there are apparently sdme such cases even in these prosperous days. A few fresh
        321 words
    • Article, Illustration
      EXECUTIVE MOVES
      385 28 Mr John Kranenburg is now Managing Director (Australasia/Asean) of Nor Tel Australia Pty Ltd. In his new role, he will be assuming additional marketing and country responsibilities within the Northern Telecom Asia/Pacific organisation. These include Northern Telecom operations in Singapore, Philippines, Indonesia, Malaysfa and Thailand. Compaq Asia/Pacific has
      385 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1250 29 i 1 ETA FNgM ETO UaMaM GA890 0050 AMaMa QF81 1820 SQ227 2130 Aaaaaa RJ183 0100 tomtm4am SQ19 0805 GA890 0050 KL837 1340 SQ24 0115 KL838 2305 SQ38 2330 QA472 2145 SQ338 1905 1 II 0915 IMKmi SQ182 0915 SQ181 1410 BW22 1205 BI429 2030 BI430
      1,250 words
    • THE TRAVEL PAGE
    • TIME OFF
      • Article
        THEATRE
        116 30 Singapore Dance Theatre's Festival of Dance Programme includes Timothy Gordon's "The Breath of Time" and Ying Er-ting's "Moonflight". Venue: Victoria Theatre. Today Tomorrow. Bpm. Dance Fiezta A celebration of cultural dances from the Irish, Malay, Filipino and Chinese communities. Venue: The Substation Garden. Today Tomorrow. 27pm. Ozone by Arifin
        116 words
      • Article, Illustration
        EXHIBITIONS
        286 30  -  Compiled by Yasotha M Singapore by the Back Door by Philip Little Exhibition on scenes of the "little life" of ordinary Singaporeans by British photographer Philip Little, who has lived in Singapore for the last 17 years. Venue: The Substation. Dec 1-6. Mon-Sat llam-9pm. Voyage to the East by
        286 words
    • Article, Illustration
      CINEMA
      540 30 Bagdad Cafe. What happens when an unhappy, obsessively neat German lady (Marianne Sagebrecht) wanders into a cafe run by an unhappy, sloppy American (CCH Pounder)? Percy Adlon uses his film-making charm and comes up with magic. Jade Classics: 11; 1.30; 4; 6.30; 9. Dying Young. Julia Roberts falls for
      540 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      88 20 IF ONLY THE STOCK MARKET WAS AS RELIABLE. With 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* Tnf MOST famous smr
      88 words
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      Page 20 Advertisements Column 2
      24 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.
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  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      89 21 DOONESBURY MR. QU/Hie, MR. KJMBFRUtfS TR£ATM£NT IN PRJSON RAISES A HOST OF QUESTIONS. FOR NSTANC3, PIP YOU PERSONALLY KNOW HSUJAS PLANNING TO TELL WEPF£&> ABOUT yOURPEAFM? PtPANYONE else in the ovu-^ PAIGNKNOU* PIP TH£AWPN£Y6£N£FAL SIGN OFF ON SILENCING KJMBERIIN BY THROWING HIM INTO SOUTARf* PIP YOU OR ANYONE ON YOUR
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      1122 22 WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE 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,
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      208 23 AND ENTERTAIN :V P Family Sunday 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++ A For reservations, please call 732-1222 ext 1582/1597. ANA HOTEL SINGAPORE 16 Nissm Ml. Sxgapo>e 1025 TMphon* (66) 732
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      84 23 SUNDAY FAMILY BRUNCH $13 (S7* for children under 12) TEE-OFF CAFE MARINA BAY GOLF COUNTRY CLUB 6 MARINA CREEN SINGAPORE 0101. FOR RESERVATIONS PLEASE CAIJ. 221 2SII/122 4221 Refrigerated Wine Cellar Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Model 400 Capacity
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      70 24 ***> 1991 WHICH MEN MAKE LOUSY LOVERS? i < $4.50 STOP THE MONTHLY MISERY OF PMS SUM MA HURRY YOUR HOUMY MET! PRINCESS DIANA S BEAUTY SECRETS the Xm rave looks, clevi m From your news vendor and at newsstands. Times the Bookshops, 7-Eleven. selected Shell stations and STOP PRESS
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      72 25 Men s Wallet $169 $345. Ladies' Wallet $119 $359Wlaall maLes Co<a <cL eiratliuire Hike ravages of Mmme? Time answer is no secret {COACH J AN AMERICAN LEGACY Every item in the Coach range of leather goods owes its lasting beauty to the inspiration of design, the unique natural full-grain leathers
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      111 27 From Ist December, You Can Call 24 Hour 'Loan and Information Service and Approval' Toll Free HONG LEONG FINANCE SINGAPORE FINANCE >> 1 > fT (fT |fT fT: ffTj p| •I*l I for Interest Rates on -Fixed Deposits Savers Plus Accounts Leon Savers Club Savings Accounts Information on -Prime Lending
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      155 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. TheDHL
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      16 29 Say goodbye to every Monday and Friday. With Finnair's new schedule. Call *****77 for details. S\H
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      76 29 u V How do the latest credit card guidelines affect you? Do you have to surrender your cards? Must you settle outstanding bills sooner than you planned? Do some of your supplementary card holders have to give up their cards? Can you apply now and heat the rules? The New
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      299 29 CRYPTIC CROSSWORD ACROSS 1 Revolutionary device that will not work when it is dry (5,5) 6 A clear desert (4) 9 Too smart to be spotted (10) 10 Prejudice against going straight (4) 12 Remind an actor without delay (6) 13 Musical judge? (8) 15 Is it always a laugh
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      45 29 WEATHER Singapore Outlook: Showers over several areas in late afternoon and earty evening. Report Maximum temperature 30.3 Assoc humidity 73% Minimum temperature 24.6 Assoc humidity 95% Hours of sunshine 2.70 Rainfall in mm Nil Rainfall this month 100.8 Rainy days this month 14 World forecast
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      33 29 5 7a,~~ "Hpinic goodnesswjoußtt&fis cwePo Vuofcse. V —y COULD Be Jaarbeurs Just impose. BGjtfG &ToC< Vj>*TV4 w»ro VB ure&oprr. jt* fuc fVNO ftOGGLt* rr /< rb c o 6570 ASSOCIATED I PAPERS LTD. mmi
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      1642 30 TODAY'S TV MOVIES Siti Muslihat, 3pm, SBC 5 Black and white movie with Saadiah Ahmad Daud as a very resourceful young lady who marries the ruler. She uses her initiative and sets right the ruler's injustices. Intolerance, 9.30pm, SBC 12 1916 epic that has four parallel stories from Babylon, Christ's
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      694 30 MOVIES ON TV Red King, White Knight, Men, 10.15pm, SBC 12 Stoner, an ex-intelligence agent, doesn't know when to quit. He gets enticed back to the Soviet Union to verify some info, but it becomes clear that larger forces are at work, and he functions merely as a pawn. Tom
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