The Business Times, 14 March 1992
1992-03-14
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The Business Times
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Title Section17 1992-03-14 1 Business Times MITA (P) 35/12/91 Weekend Edition, March 14-15 1992 THE BUSINESS PAPER FOR S-E ASIA 75«17 words
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NEWS & MARKETS SUMMARY
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Article35 1992-03-14 1 NEW YORK The Dow Jones index of 30 leading industrials went up 16.32 points (0.51 per cent) to 3,220.70 in the first five minutes of trading yesterday. It closed on Thursday at 3,208.63.35 words
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Article32 1992-03-14 1 SHARE PRICES were lower on the London Stock Exchange at midday yesterday. At 1200 GMT, the FTSE 100-share index was down 4.5 points at 2488.8. Volume was 313.8 million shares.32 words
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81 1992-03-14 1 TOKYO Japan's households, whose thriftiness underwrote the nation's economic miracle, are saving less and less, fuelling anxiety as to how the nation will pay for an ageing society and a world desperate for capital. The Bank of Japan (BOJ) said in a81 words
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Article28 1992-03-14 1 EIGHTY-SIX per cent of Housing Board flat-owners in Marine View precinct have endorsed the Prime Minister's call for the HDB upgrading programme Page 1828 words
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Article28 1992-03-14 1 TRADE between Malaysia and China increased more than two-fold between 1986 and 1990, said International Trade and Industry Ministry Parliamentary Secretary S S Subramaniam Page 628 words
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Article39 1992-03-14 1 CITY Developments Limited (CDL) has achieved a 17 per cent increase in net group earnings. Its $51.3 million, for the year ended Dec 31, 1991, was boosted by strong profits from the Hongkong-based CDL Hotels Page 339 words
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387 1992-03-14 1 Lee Han Shih - Contract said to be worth more than $100 m By Lee Han Shih SINGAPORE Wearne Brothers is believed to have clinched a deal under which it could make more than $100 million worth of inexpensive personal computers for IBM to sell in387 words
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Article210 1992-03-14 1 SINGAPORE Share prices in Hongkong finished at a third consecutive record high yesterday, though sharp morning gains were mostly pared in the afternoon by rumours of an interest rate increase. The blue-chip Hang Seng Index put on 2838 points to close at 5,071.19. In210 words
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348 1992-03-14 1 Dexter Lee - By Dexter Lee SINGAPORE Singapore Telecom has bought a 55 per cent stake in a Sydney-based company to give it a toehold in the fast-growing data communications market in Australia. This is one of the few times when the local telecommunications authority348 words
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265 1992-03-14 1 Agencies WASHINGTON President Bush said fundamentals were moving into place that could be the start of a very good economic recovery, but that the government needed to help by passing his proposals for economic growth. "We owe it to our country to doAgencies - 265 words
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153 1992-03-14 1 Parliament SINGAPORE One billion dollars in uncollected taxes that's the "penalty" the Inland Revenue Department had to pay at the end of 1990 because of its chronic shortage of tax officers. And that is a reason why the IRD is being converted153 words
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534 1992-03-14 1 William Chia - Group can now consolidate control over Inno-Pac By William Chia SINGAPORE Malaysia's Malayan United Industries Bhd group has emerged as the buyer of the 23.5 per cent stake in Inno-Pacific Holdings Ltd sold by Innovest Bhd on Thursday. Malayan United Manufacturing Bhd, a534 words
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Advertisement111 1992-03-14 1 Nikon Th>«bcW'»Flmt Photographic tyf n. COVER Life after forty s?.: CONTENTS Aircraft Schedule EL 11 Commodities 16 Company Newt 3,4. Cryptic Crossword EL 11 Executive Jobs EL 10 Futures Options 16 Interbank Fore* Rates 16 KLSE 11 Money Changer Rates EL 11 Money Marliet 16 Regional Stock Markets 14 SET.111 words
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Advertisement9 1992-03-14 1 OPINIONS Blackout of JC results: serving no practical purposes.9 words
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Advertisement279 1992-03-14 1 PURSUITS Reviews of Cape Fear, JFK and' The Prime* of Tides. EL 6 More reports, Pg 2 Open University launch deferred until January 1994 Dr Richard Hu warns noney speculators The movement of a watch is its heart. Precious. Delicate. For centuries craftsmen have striven to provide it with the279 words
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Advertisement10 1992-03-14 1 PROFILE Conversations at Raffles with Dr Noordin Sopiee. EL 710 words
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Advertisement14 1992-03-14 1 Nikon FINANCE Tenaga: a winning stag. EL 8 The Bombay Stock Exchange. EL 914 words
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Advertisement11 1992-03-14 1 JOBS the best man for a very tough job, EL 1011 words
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SINGAPORE NEWS
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Article, Illustration355 1992-03-14 2 Yesterday in Parliament THE launch of Singapore's Open University (OU) has been deferred for a year to January 1994, so that the Education Ministry can make arrangements with a private institution to better implement the scheme. Minister for Education Lee Yock Suan355 words
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Article311 1992-03-14 2 CIVIL servants, whose salary scales were revised upwards in 1989, can look forward to further gains in the near future. Thrice yesterday, Finance Minister Richard Hu referred to a review of "the whole compensation package for civil servants". THERE is no need to worry about last year's decline311 words
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461 1992-03-14 2 Kenneth James,S N Vasuki - Speculating in Sing Don't even try, says Hu Reports by Kenneth James,S N Vasuki IN PARLIAMENT yesterday, Finance Minister Richard Hu had just one piece of advice for speculators thinking of taking advantage of the Singapore dollar in this period of weak growth: don't even try. Dr Hu was fielding461 words
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Article, Illustration211 1992-03-14 2 SINGAPORE immigration, customs and police clearance for rail passengers and cargo will be relocated from Keppel railway station to the Woodlands checkpoint in two to three years, Home Affairs Minister S Jayakumar told Parliament yesterday. Prof Jayakumar said the Public Works Department was finalising211 words
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320 1992-03-14 2 Sangeeta Mulchand - By Sangeeta Mulchand THE Ball Partnership has done it again. The advertising agency made off with more than half the 124 awards at the industry's Oscars last night, including the top accolade of the evening, the Golden Gong. This award went320 words
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235 1992-03-14 2 UNITED STATES-BASED personal computer manufacturer Compaq has again cut prices under intense competition. The local operation, Compaq Computer Asia, yesterday slashed the price of one of its best-selling PCs by 30 per cent. The company has also added features to the machine to235 words
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SHIPS IN PORT
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COMPANY NEWS 1
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381 1992-03-14 3 Lilian Ang - Strong showing from HK-based CDL Hotels boost results By Lilian Ang SINGAPORE Despite a softer property market. City Developments Limited (CDL) has turned in a healthy net group earnings figure of $51.3 million for the year ended Dec 31, 1991, about 17 per381 words
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155 1992-03-14 3 SINGAPORE Propertybased City Developments Limited (CDL) will launch one industrial and four residential projects this year. Two residential projects will be marketed in the first half of this year. They are Pasir View Park, an 80-unit condominium in the West Coast area; and155 words
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Article296 1992-03-14 3 SINGAPORE Bowing to pressure from its competitors from developing countries, listed Nat Steel will cut its steel bar prices by 4 per cent from today. In a terse one-paragraph statement on the reduction, Nat Steel's first this year, it said: "The company continuously monitors296 words
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231 1992-03-14 3 SINGAPORE The Malaysian Capital Issues Committee has dealt a blow to YTL Corporation's plan to list its manufacturing and trading subsidiary, YTL Industries Bhd. YTL Industries' listing was turned down because it would constitute a chain-list-ing under the CIC Listing guidelines. A chain listing happens231 words
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Article227 1992-03-14 3 Bernama KUALA LUMPUR DNP Holdings Bhd chalked up a 135 per cent rise in group pre-tax profit to MS 16.89 million (S$ 11 million) for the year ended Dec 31, 1991 from M 57.19 million in the previous corresponding period. Group turnover rose 12.5 perBernama - 227 words
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566 1992-03-14 3 Catherine Ong, Magdalene Ng - From Catherine Ong, Magdalene Ng in SINGAPORE NHWS of DBS Bank's acquisition of a 10 per cent stake in Hongkong's Wing Lung Bank for HK5380.7 million (5582.5 million) was well-re-ceived in the stock markets and financial communities of both centres566 words
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317 1992-03-14 3 Magdalene Ng - By Magdalene Ng SINGAPORE Dunlop Estates Bhd, a member of the Multi-Purpose Holdings Bhd group, has sold 10 million shares in money-spinner Magnum Corporation Bhd for a profit of about MS 18 million (S$ 12 million). Kim Eng Securities of Singapore317 words
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COMPANY BRIEFS
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51 1992-03-14 3 SINGAPORE Pacific Can Investment Holdings has confirmed that it has received a Requisition Notice for an extraordinary general meeting from ABL Nominees (Singapore) Pte Ltd for the removal of certain directors, namely Messrs Edward Goh Kim Hai, Pang Hin Long and Cheang Wai51 words
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Article50 1992-03-14 3 SINGAPORE United Industrial Corporation Limited has appointed Mr Michael John Gaw Soei Siang as general manager, financial services from April I, following the resignation of Mr Lien Kiat Long. Mr Gaw will be responsible for the financial management of the UIC group, including Singapore Land.50 words
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Article104 1992-03-14 3 SINGAPORE First Capital Corporation Ltd's (FCC) gearing will rise from 85 per cent to 115 per cent after its purchase of A-Z Holdings Pte Ltd (AZH). In a circular to shareholders, FCC said its total borrowings will reach $296.73 million from the current $219.27104 words
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Article48 1992-03-14 3 SINGAPORE Hotel Negara reported a 36 per cent increase in net earnings from $1.09 million the year before to 5i.49 million for the year ended Dec 31, 1991. This was achieved on a turnover of $3.82 million, up 1.6 per cent from 1990.48 words
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Article31 1992-03-14 3 SINGAPORE Inter-Roller Engineering Limited has reported a pre-tax profit of $2.66 million for the half year ended Dec 31, 1991, down 23.8 per cent from the year before.31 words
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Article334 1992-03-14 3 New trading and distribution arm set up to focus on this area SINGAPORE CSA Holdings wants to tap the growing personal computer (PC) market, as well as the software and peripherals markets that have mushroomed with it. This is a new business area for334 words
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COMPANY BRIEFS
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102 1992-03-14 4 HONGKONG The World Bank is to buy a stake in a Sino-foreign joint venture company which will issue B shares to foreign investors next month, press reports here said yesterday. The China Bicycle Co, formed by Hongkong-based firm Hongkong Link, US bicycle102 words
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98 1992-03-14 4 PARIS Rival bids for France's Source Perrier from groups centred on Exor SA and Nestle AG will both run until April 23, the French stock exchanges' association (SBF) said. The move involves extending the period of Nestle's joint bid with Banque Indosuez, a98 words
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Article69 1992-03-14 4 SYDNEY Eight companies once headed by Australian entrepreneur Christopher Skase which owe more than Asl billion (Ssl.2 billion) were wound up by a Brisbane court. Brisbane Supreme Court master Margaret White appointed liquidators to eight companies which were once part of Skase's Qintex entertainment and69 words
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Article73 1992-03-14 4 ATHENS Greece launched an ambitious plan to privatise scores of ailing state firms with the sale of Europe's biggest cement exporter Heracles, dismissing accusations of foul play during bidding. Italian cement company Calcestruzzi SpA and the National Bank of Greece bought 70 per cent of Heracles General73 words
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77 1992-03-14 4 TOKYO Japan Aviation Electronics Industry Ltd (JAE) said on Thursday its net loss would expand to U5526.4 million (5544.2 million) in the year to March 31 following fines imposed in the US for illegal exports of US arms to Iran. The firm, a major77 words
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Article85 1992-03-14 4 PRAGUE Canadian-based Bata group, the world's largest maker and retailer of shoes, reopened the first shop of a planned 35-store chain in Czechoslovakia yesterday, more than 50 years after the business quit its homeland. The seven-floor store in Prague's Wenceslas Square belonged to the Bata family85 words
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418 1992-03-14 4 Move to woo investors after scandals, restrictions Reuter JAKARTA Indonesia has passed a law to regulate the pension fund business in an attempt to lure investors alienated by company scandals and tight monetary policy back into the stock market. The lawReuter - 418 words
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305 1992-03-14 4 Reuter TOKYO A slowdown in the Japanese economy is expected to halt a four-year profit boom at the nation's five major trading houses in 1991/1992 but analysts are divided on the outlook for the next business year. The five bigReuter - 305 words
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275 1992-03-14 4 HONGKONG China Light and Power Co is considering more than HK$B billion (S$ 1.73 billion) in commercial loans and export credit guarantees as initial funding for the proposed thermal power plant station at Black Point, north of Castle Peak, the275 words
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Article, Illustration377 1992-03-14 4 Dexter Lee - By Dexter Lee SINGAPORE Finnish telecommunications giant Oy Nokia AB has clinched a 60 million baht (553.9 million) contract from the Communications Authority of Thailand (CAT) for a new digital switching system. The system, comprising one exchange and three remote switching units, will be377 words
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250 1992-03-14 4 Reuter WASHINGTON McDonnell Douglas Corp, maker of the giant C-17 military cargo plane and Tomahawk cruise missile, remains the biggest US defence contractor, the Pentagon said. The Defence Department released 1991 totals of prime military contracts and said the St Louis-based giant ledReuter - 250 words
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388 1992-03-14 4 AFP TOKYO Japanese trading company Marubeni Corp and Australian aluminium producer Comalco Ltd are considering a plan to build a US$l.5 billion (552.52 billion) aluminium smelter in Chile, company officials said on Thursday. A spokesman for Marubeni said the two companies had alreadyAFP - 388 words
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256 1992-03-14 4 FT LONDON Shares in RTZ, the world's biggest mining company, rose against the market trend in London on Thursday by 16p to 555p after the group reported a better-than-expected 36 per cent drop in pre-tax profits for 1991. In spite ofFT - 256 words
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588 1992-03-14 4 Prices, turnover and interest for Shanghai Vacuum B stay low Reuter SHANGHAI In a country where most stock prices have raced ahead, China's first share aimed at foreign investors is proving a slow starter. The Shanghai Vacuum B share, issued last month asReuter - 588 words
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Advertisement199 1992-03-14 3 MEET SINGAPORE'S ONLY L ELECTRONIC HOLIDAY CONSULTANT! AND WIN OVER $3000 WORTH OF PRIZES! AT TRAVEL '92 WORLD TRADE CENTRE 13-15 MARCH Presenting TRAVEL SHINE on Teleview. Shine is Singapore Press Holdings' inforich database on Teleview, which incidentally is the most advanced videotext system in the world. And Travel Shine199 words
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Advertisement111 1992-03-14 4 Singapore "Singapore Scenes", a special career feature on 4 April '92, is an excellent opportunity for companies to extend their recruitment overseas. s This feature* Which precedes the jbrthcoming Career Fair to be held in Australia and New Zealandc July and August! will keep Singaporeans overseas and qualified foreigners informed111 words
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FINANCIAL NEWS
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481 1992-03-14 5 Legislation will allow banks to expand into stockbroking industry AFP TOKYO The Japanese Cabinet yesterday adopted -legislation to reform the nation's financial industry, including measures to allow banks and brokerages to venture into each other's spheres pf business. The product of five years' -work,AFP - 481 words
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Article240 1992-03-14 5 Quak Hiang Whai - Money will be used to finance Singapore operations By Quak Hiang Whai SINGAPORE NMB Singapore Ltd, a wholly-owned subsidiary of Minebea Co Ltd, has signed an agreement with a group of financial institutions to raise a Ssso million loan facility. Arranged by United Overseas Bank240 words
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248 1992-03-14 5 AP BANGKOK The Bank of America has signed an agreement with a state-owned Vietnamese bank to facilitate money transfers to Vietnam, the official Vietnam News Agency reported on Thursday. The agreement between Biank of America and Vietcombank to provide a "family remittanceAP - 248 words
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Article, Illustration475 1992-03-14 5 DBS bank weekly currency review yS$/Dm: bullish pennant pattern As expected, the US dollar retreated from last week's high of 1.6805 marks and consolidated mostly between L 6600 and 1.6800 this week. The outlook for the greenback remains bullish and475 words
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Article, Illustration280 1992-03-14 5 FT NEW YORK Mr Jim Robinson, chairman of American Express, the travel and financial services group that has been stung by Wall Street criticism and heavy losses in its Optima credit card division, on Thursday made a rare public admission of the problems theFT - 280 words
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SMALL CHANGE
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88 1992-03-14 5 AMSTERDAM Dutch ABN Amro Holding NV, Europe's ninth biggest bank, mildly disappointed investors with a 5.9 per cent rise in 1991 attributable net profit. The gain, to 1.36 billion guilders (551.21 billion) from 1.29 billion in 1990, fell slightly short of analyst forecasts88 words
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Article85 1992-03-14 5 MANILA The Philippine National Bank (PNB) said yesterday it would launch its second public stock offer, involving the sale of 10.4 million shares, on Monday. The offer, which would make the bank 43 per cent publicly-owned, is expected to generate three billion pesos (S$ 194.585 words
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Article82 1992-03-14 5 LONDON Liquidators wrapping up the affairs of the closed Bank of Credit and Commerce International (BCCI) yesterday filed suit against the bank's auditors, alleging negligence, breach of duty and breach of contract. Accountancy firm Touche Ross issued the High Court writ in London against Price Waterhouse82 words
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Article111 1992-03-14 5 KUALA LUMPUR Bank Islam Malaysia Bhd has reported a 44.78 per cent increase in group profit before zakat (tithe for Muslims) and taxation to M$ 10.49 million (556.87 million) for the half year ended Dec 31, 1991 against M 57.25 million previously. In its latest111 words
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Article308 1992-03-14 5 Dawn Tan - By Dawn Tan SINGAPORE United Overseas Bank (UOB) and HPL Services Pte Ltd have forged an alliance in the competitive credit card business to put yet another kind of plastic into the hands of Singaporeans. The HPL/UOB Gold Visa card is the forth such308 words
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Advertisement154 1992-03-14 5 GROWTH TRIANGLE A special Business Times Survey April 15,1992 It has been two years since the concept of a growth triangle linking Singapore, Johor and Batam was mooted. How far has development grown under the Growth Triangle? Will changing global economic and geopolitical trends affect the success of the triangle?154 words
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THE REGION
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NOTE BOOK
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75 1992-03-14 6 KUALA LUMPUR The Ministry of International Trade and Industry will counter the decision by the United States to impose countervailing duties (CVD) and anti-dumping duties on its extruded rubber thread imports from Malaysia, Datuk Seri Rafidah Aziz said yesterday. The ministry is helping75 words
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Article28 1992-03-14 6 KUALA LUMPUR Malaysia's Anti-Corruption Agency has raided the Information Ministry and seized hundreds of files in investigations of alleged malpractices, a ministry spokesman said yesterday.28 words
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Article73 1992-03-14 6 CANBERRA Australian car component manufacturers fear they stand to lose vital export markets because of a deal pressed on Japan by the United States, Industry Minister John Button said yesterday. The fear, which has become the subject of intense bilateral talks, arises out of recent pledges73 words
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Article63 1992-03-14 6 MANILA President Corazon Aquino yesterday signed a law accelerating the conversion of former United States bases in the Philippines to commercial use as American troops continued pulling out of their last facility in the country. The law created a Bases Conversion and Development Authority to63 words
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Article34 1992-03-14 6 BANGKOK Thailand, Laos and Burma, which share the world's largest opium-producing region, the so-called Golden Triangle, began unprecedented high-level talks yesterday to seek more cooperation in combating narcotics production and trafficking.34 words
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Article, Illustration325 1992-03-14 6 MBT KUALA LUMPUR BILATERAL trade between Malaysia and China reached M 53.66 billion (552.39 billion) during the first 11 months of last year, up 14 per cent from M 53.19 billion in 1990. International Trade and Industry Ministry Parliamentary Secretary SMBT - 325 words
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324 1992-03-14 6 TOKYO Negative byproducts of rapid growth in the past several years have begun to cloud the creditworthiness of many Asian countries, says a report in Nikkei Weekly, quoting a recent survey. At the same time, the ratings of most Latin American nations continued324 words
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263 1992-03-14 6 BANGKOK Thailand aims to phase out completely the use of chlorofluorocarbons (CFCs) in the country by 1997 or 1998, more than 10 years ahead of the schedule set by the Montreal Protocol, according to a report in The Nation newspaper.263 words
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391 1992-03-14 6 Reuter BANGKOK A party that supports military coup leaders, a party led by an ex-mili-tary commander-in-chief and a party thrown out of power by the military will win the most seats in Thailand's March 22 general election, polls say. The New AspirationReuter - 391 words
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Advertisement210 1992-03-14 6 Are you another Kenneth James? V ym :vf*- •V,. C". -V i. -IV" In Business Times, Kenneth takes charge of the economy. He is our Economics Correspondent, the writer who brings to bear his economics expertise on the world as it really works. He watches out for the signs that210 words
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THE WORLD
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Article, Illustration627 1992-03-14 7 Experts call it strongest sign of renewed life in economy IHT, NYT NEW YORK American consumers went on an unexpected buying spree in January and February as retail sales recorded their steepest two-month rise since 1985, the Commerce Department reported onIHT,; NYT - 627 words
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281 1992-03-14 7 Reuter OTTAWA The United States, Mexico and Canada, negotiating the creation of a North American Free Trade deal, have agreed on trilateral dispute-settling mechanism, one of the negotiators for the talks said. The trade negotiators have also agreed to create a North AmericanReuter - 281 words
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316 1992-03-14 7 Agencies LONDON British retail sales rose modestly in February, climbing for the seventh consecutive month, according to a survey released on Thursday by the influential Confederation of British Industry. The news that consumer demand was picking up gave some reliefAgencies - 316 words
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597 1992-03-14 7 AP WARSAW Two years after launching Eastern Europe's most radical market reforms, Poland has to decide whether to press on with the painful changes. The World Bank and International Monetary Fund are warning political leaders in stark terms to cut government spending this year.AP - 597 words
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367 1992-03-14 7 Reuter BEIJING China has three years to turn around its debtridden state sector, which has lost 31 billion yuan (559.3 billion) since 1988, Deputy Finance Minister Zhang Youcai said. Speaking at a national conference on industrial debt, Mr Zhang said Beijing wouldReuter - 367 words
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419 1992-03-14 7 AP BRUSSELS The European Community formally responded to a new American offer in world trade talks by saying it still has problems meeting demands for sharp cuts in its farm subsidies, officials said on Thursday. The response, contained in aAP - 419 words
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Article, Illustration354 1992-03-14 7 Reuter LONDON Britain's opposition Labour Party took a three-point lead over the ruling Conservatives in the first opinion poll since Prime Minister John Major called a general election for April 9. The Mori poll in yesterday's edition of the TimesReuter - 354 words
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WORLD WATCH
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107 1992-03-14 7 BEIJING Japan's state oil company, Japan National Oil Coip, will start geological and geophysical surveys with its Chinese counterpart in the Tarim Basin in Xinjiang in midApril, a Japanese official said yesterday. Last July, the two sides signed an agreement under which Japan107 words
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Article105 1992-03-14 7 TOKYO An expert on Japanese political scandals predicted yesterday that the latest one would bring down Prime Minister Kiichi Miyazawa's government by August. Author and political commentator Hisashi Kikuchi told a news conference he had interviewed executives of Sagawa Kyubin, a trucking firm at the105 words
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Article83 1992-03-14 7 TAIPEI More than 1,000 people demonstrated outside Taiwan's parliament yesterday demanding that the government halt construction of the island's fourth nuclear power plant. Representatives from some 20 groups taking part in the protest presented petitions to legislators while the crowd chanted slogans against the building of83 words
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Article70 1992-03-14 7 WIESBADEN Western Germany's gross national product rose 0.6 per cent between the fourth quarter of 1990 and the fourth quarter of 1991, the federal statistics office announced yesterday. It was the smallest GNP rise per quarter in western Germany since the second quarter of 1987.70 words
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89 1992-03-14 7 MUNICH German Finance Minister Theo Waigel told China's Foreign Minister Qian Qichen on Thursday that Beijing must show political openness before relations with Bonn can improve, the Christian Social Union (CSU) party said. Mr Qian met Mr Waigel at the end of a three-day89 words
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Article82 1992-03-14 7 BEIJING China's Foreign Ministry yesterday dismissed as "groundless" a report that Israel had sold US Patriot missile technology to China. "Such a groundless and irresponsible report is not worth commenting on," said a foreign ministry spokesman. The spokesman had no other comment on the announcement on82 words
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Article106 1992-03-14 7 BERNE The Swiss economy should grow by somewhat more than 0.5 per cent in 1992 after last year's 0.5 per cent contraction in real gross domestic product (GDP), the government's Commission for Economic Questions said. In an advance summary of a quarterly report to be106 words
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Page 7 Advertisements
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Advertisement148 1992-03-14 7 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) ANNOUNCEMENT ON FOREIGN OWNERSHIP Pursuant to Article 23C(4) of the Company's Articles of Association, WE HEREBY GIVE NOTICE that as of 12 March 1992 the percentage of the issued ordinary share capital of the Company in which foreign persons have an interest is148 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration840 1992-03-14 8 Quak Hiang Whai - By Quak Hiang Whai SHARES prices on the Singapore stock market closed mixed yesterday in thin and quiet trade in the absence of fresh factors. Dealers noted some scattered buying interest in selected Singapore and Malaysian blue chips, but the gains were hobbled840 words
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Article, Illustration68 1992-03-14 8 Chew Eng Han - -By Chew Eng Han Comment BEARISH divergences are occurring in the 13-day RSI and 5-day stochastics, with higher peaks in the share price accompanied by lower peaks in the indicators. A correction down to $4.80-$4.83 is Ukely over the next few weeks. If $4.80 holds, a further rally68 words
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Article182 1992-03-14 9 LEGEND" V3lUe 0> fadtd to>S 0< 1000 eaC I Re<>eC> a n al consolldated resute Foreign shares P/Es are adiusted tor currency I JSSjj!?]? *£!2i n »w» »h >h Gr Vld Fore«n shares adjusted (or currency differences Information onNasdaq starts, otoer than that given above,182 words
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Advertisement9 1992-03-14 9 SingaPort '92 A special BT supplement March 25, 19929 words
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Article124 1992-03-14 10 I term M sh#fes ted a P« r of SI and traded m lots of 1.000 shares each P/E ratio Reflect last annual consokdated results Foragn shares P/Es are adjusted for currency LLVEIIiU unless otherwise specified differences ABN shares quoted n dollars Gr Y*W Foreign124 words
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Advertisement249 1992-03-14 10 FINANCE AND INSURANCE SUPPLEMENT 1998 A special Business Times Survey May 4) 1998 The theme for this year's supplement is "Managing the Tiger" which focuses on the tremendous growth achieved in recent years by Asia's banking and finance industry and the constraints faced by the region's regulators to encourage growth249 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration510 1992-03-14 11 Bernama SHARE prices here fluctuated within narrow ranges to finish steadier yesterday. Losers were generally above earlier lows on short-covering and light bargain-hunting towards the close. Activity, however, remained restricted by falls overseas and cautiousness ahead of the weekend amid the absence ofBernama - 510 words
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STOCK EXCHANGE OF THAILAND
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184 1992-03-14 12 Reuter TWO DEBUT issues were active in a quiet market yesterday as trading of major property and bank issues slowed down, brokers said. The SET index ended 2.81 points lower at 805.59 on a turnover of 6.16 billion baht. "No fundamentalReuter - 184 words
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JAKARTA STOCK EXCHANGE
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82 1992-03-14 12 Reuter SHARE prices were steady yesterday in another day of light trading, brokers said. The official index rose 0.11 point to 282.32. Turnover was 2.84 million shares on the usual half-day session on Fridays. Indocement rose 100 rupiah to 10,800. Semen Gresik edgedReuter - 82 words
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Page 12 Advertisements
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Advertisement14 1992-03-14 12 Timeszone Central is an easy-to-read pull-out tabloid appearing every Thursday in the Central Zone.14 words
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Advertisement108 1992-03-14 12 You'll get a clean job done when you call j in the experts found at x ossification 138. CJLTA 717-H** FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT,108 words
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TOKYO STOCK EXCHANGE
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Article, Illustration248 1992-03-14 13 Reuter STOCKS ended easier yesterday but well off lows, surviving futures settlement and small-lot selling. Brokers said investors were numbed by the lack of incentives but stopped selling as the Nikkei Average traded briefly below a 17-month closing low, allowing light dealer buyingReuter - 248 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration253 1992-03-14 13 Reuter SHARES finished at a third consecutive record high yesterday, though sharp morning gains were mostly pared in the afternoon by rumours of an interest rate hike. The blue-chip Hang Seng Index put on 28.38 points to close at 5,071.19, while turnover ballooned toReuter - 253 words
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AUSTRALIAN STOCK EXCHANGE
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422 1992-03-14 14 Reuter THE SHARE market closed yesterday at the year's lows after a week of thin, choppy trade in which political uncertainty overseas caused jitters locally. Brokers said the market opened weakly after overseas falls and eased back throughout the day, lackingReuter - 422 words
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REGIONAL STOCK MARKETS
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Taiwan index closes above 5,000-point level
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Article153 1992-03-14 14 THE STOCK index rose to end above the 5,000-point barrier yesterday but trade was sluggish as political worries deterred strong buying, brokers said. The weighted index climbed 45.77 points to close at 5,030.63. Turnover was slow at NTS2S.B billion against NTS3I.2 billion on Thursday. Brokers said the market was153 words
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Article120 1992-03-14 14 INVESTORS stayed on the sidelines as the stock market drifted lower yesterday in mixed trading with market sentiment still weak, brokers said. "Inve tors are subdued due to the elections. Yesterday's trade was very lethargic," John Wadle at Barclays de Zoete Wedd said. The composite stock index fell 4.53120 words
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Article76 1992-03-14 14 SHARE prices closed mixed in sluggish trade in the absence of new factors to lure investors back to the market. The Manila Stock Exchange composite index inched up 4.42 points to close at 1,122.63. Investors adopted a wait-and-see stance on pre-election worries, occasionally picking up bargains. The combined volume76 words
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Article72 1992-03-14 14 THE SHARE market eased at the week's close, drifting down with a soft Telecom and dipping second liners. The NZSE 40 Capital Index closed 5.41 points down at 1,451.39. Telecom ended three cents down at NZ$2.3l while Countrywide Bank closed nine cents down at NZ$l.BB. Brokers said the72 words
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Article89 1992-03-14 14 BOMBAY Stock Exchange (BSE) share prices reversed a two-day slide on Thursday after renewed buying on endaccount considerations, brokers said. "The recovery was chiefly technical," said broker Anand Diwan. He said bull players bought heavily to push up prices and reduce the margin money they have to pay on89 words
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Article52 1992-03-14 14 INDICES TURNOVER Clow Ptnini Mar 13 NEW ZEALAND NZSE-40 Capital 1,451.39 1,456.80 -5.41 MAMLA Com pome Index 1.122.63 1,118.21 +4.42 Turnover (million) 485 30 558.7 -73.4 TAIPEI Weighted Price Index 5.030.63 4.984.86 +45.77 Turnover (NTS billion) 25.8 31.2 5.4 SEOUL Compotite Stock Index 614.58 619.11 -4.53 Turnover (billion won) 203.1452 words
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WORLD STOCK MARKETS
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Dow holds steady, broad market slides
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Article72 1992-03-14 15 INDICES TURNOVER NEW YORK Close Previous Mar 12 Dow Jones S&P 500 Turnover (million) 3.***** 403.89 180.31 3.208.63 404.03 186.38 unch -0.14 -6.07 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.948.6 2.493.3 unav 1.966.6 2.522.4 143.6 -18.0 -29.1 FRANKFURT DAX Index 1.727.5 1.743.42 -15.92 AMSTERDAM EOE Index unav 307.0472 words
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Article, Illustration637 1992-03-14 15 STOCKS closed broadly lower in choppy trading on Thursday as news of stronger-than-expected retail sales sent bond prices on a tailspin, heightening equity investor concern over rising interest rates. The Dow Jones Industrial Average, which gave back 22.36 points on Wednesday, finished unchanged at 3,208.63, the first time637 words
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Article, Illustration241 1992-03-14 15 NERVOUSNESS that the upcoming election will result in a hung parliament held share prices down on the London Stock Exchange on Thursday, in the second day of heavy losses on the back of a lack-lustre budget. The blue-chip Financial Times Stock Exchange 100-share Index, which slumped 52.4 points on241 words
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Article83 1992-03-14 15 THE STOCK market was sharply down on Thursday, with the DAX spot index losing 15.92 points to close at 1,727.50 and the Commerzbank index down 13.50 points to 1,992.30. Operators said the market was influenced by a poor showing on Wall Street and the bond market. Auto stocks were83 words
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Article157 1992-03-14 15 WORRIES about interest rates drove the Paris stock market down sharply on Thursday, despite an indication of US retail sales growth. Down 0.41 per cent at the opening, the CAC-40 index rapidly lost one per cent before closing the day at 1,941.75 points, a fall of 1.33 per cent.157 words
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Article246 1992-03-14 15 SHARES closed weaker on Thursday in thin trading with Olivetti shares bucking the easier trend on buying linked to the expiry of options contracts. But brokers said expiry of options on other blue chip shares had the opposite effect of depressing their prices. Volume, ahead of Monday's close of246 words
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Article163 1992-03-14 15 SHARES ended a moderately active session on Thursday broadly lower. Prices edged lower for most of the session on profit taking triggered by high short-term interest rates. The last hour saw selected buying on lower levels by investors who hoped the current interest rate rise would only be short163 words
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Article34 1992-03-14 15 THE JSE All-Gold Index closed one point down at 1,208. The Industrial Index slipped 15 to 4,392 and the AllShare Index also drifted back down to 3,571 from 3,579 at the previous close.34 words
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Article185 1992-03-14 15 STOCKS followed heavy losses in Canadian bonds on Thursday, but a marginal rise in the Bank of Canada's rate restricted the drop, dealers said. The Bank of Canada raised its weekly rate 11 basis points, compared with market expectations of a rise of about 20 basis points. Yields for185 words
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Page 15 Advertisements
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Advertisement8 1992-03-14 15 Other markets in Europe, South Africa and Canada8 words
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Advertisement7 1992-03-14 15 Innovation Technology in Business Times every Tuesday7 words
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CURRENCY, MONEY & FUTURES MARKETS
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1209 1992-03-14 16 REPORTS ASIA THE US dollar was traded lower yesterday against the yen and steady against the mark in late Asian trade after waves of profit-taking and long-liquidation pulled it oflf from early highs, dealers said. The rumour of intervention by the1,209 words
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Article10 1992-03-14 16 Source: UOB Source: Astley Pearce Source: OCBC10 words
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Article39 1992-03-14 16 Rates quoted by Astley Pearce Rates quoted by NatWest Sole: Based on latest issues Source: The Monetary Authority of Singapore Central hank discount rales Average of 12 hanks Float Source: National Westminster Bank Source: National Westminster Bank39 words
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Article, Illustration273 1992-03-14 16 Reuter TOKYO Japanese life insurers are preparing to sell US dollars if the currency rises to 135 yen or beyond, industry sources said. For several months insurers have been buying dollars while cancelling hedges of their dollar holdings, andReuter; <Source: Telerate - 273 words
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293 1992-03-14 16 Reuter NEW YORK The Chase Manhattan Bank said on Thursday Philadelphia-based Susquehanna Partnerships agreed to provide Chase clients with its foreign exchange pricing and risk management capabilities. Forex dealers and analysts said the alliance highlights the growing importance of derivatives in today's foreign exchange markets.Reuter - 293 words
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Article17 1992-03-14 16 Note: Volume and open interest arc for previous day trading. Source: Singapore International Monetary Exchange17 words
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Page 16 Advertisements
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Advertisement7 1992-03-14 16 Enterprise Management in Business Times every Monday7 words
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COMMODITIES
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374 1992-03-14 17 Shoeb Kagda - By Shoeb Kagda SINGAPORE COFFEE prices, depressed for the last six months, have begun to climb on news that Brazil's powerful exporters have agreed to discuss a new international agreement with the possible re-introduction of export quotas. "There is a374 words
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333 1992-03-14 17 MBT KUALA LUMPUR Officials of the London Metal Exchange (LME) are expected to recommend that the stockpile from the US Defence Logistic Agency (DLA) be barred from delivery at the exchange. A meeting to this effect is expected to be convenedMBT - 333 words
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824 1992-03-14 17 REPORTS THE price of tin on the Kuala Lumpur Tin Market gained one sen to close at M 514.10 per kg on some short-coverings yesterday. Dealers said the weaker ringgit against the US dollar yesterday sparked some interest in the market.824 words
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Page 17 Advertisements
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Advertisement6 1992-03-14 17 Innovation Technology in BT every Tuesday6 words
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Advertisement600 1992-03-14 17 BUSINESS T I M E S C A I PBODUCTB BLPPLIEB PTV LTV (IN VOLUNTARY LKJtTOATION) NOTICE 18 HEREBY OrVEN pursuant to Section 306(2) of the Companies Act, Cap. 90 that the Pinal Meeting of Members of the abore named company will be held at the offices of Rama A600 words
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368 1992-03-14 18 Reuter HONGKONG The American Chamber of Commerce in Hongkong has told US senators that Hongkong could lose US$l6 billion (5526.7 billion) in overall trade and that 100,000 American jobs are at risk if they allow conditions to be attached to China's tradeReuter - 368 words
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540 1992-03-14 18 Ruling party and opposition to discuss political reform Reuter TOKYO Japan's state budget for the next fiscal year finally cleared the decisive lower house of parliament yesterday after the opposition stalled debate for two weeks in a battle over political scandals. A smiling PrimeReuter - 540 words
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294 1992-03-14 18 Agencies JAKARTA Indonesia will abandon its low-profile foreign policy in order to make itself better heard by the world, Foreign Minister Ali Alatas said. Speaking before a parliamentary hearing on Thursday night, Mr Alatas said Indonesia will become more assertive in itsAgencies - 294 words
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362 1992-03-14 18 Agencies PHNOM PENH At least 10 government soldiers have been killed and 40 wounded in' heavy attacks launched by Khmer Rouge guerillas on the eve of the arrival of United Nations peacekeeping troops, UN military officers and diplomats said yesterday. UN officials said Khmer RougeAgencies - 362 words
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298 1992-03-14 18 Agencies MOSCOW Prime Ministers from the Commonwealth of Independent States (CIS) met yesterday to tackle pressing economic problems, and a fresh row surfaced between Russia and Ukraine. The heads of government were due to discuss a package of economicAgencies - 298 words
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Article, Illustration398 1992-03-14 18 But US says Baghdad merely offering mirrors and smoke Agencies UNITED NATIONS Iraq had promised the UN a complete accounting of its most dangerous weapons and pledged to tie up other loose ends from the Gulf War, but US Ambassador Thomas Pickering saidAgencies - 398 words
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293 1992-03-14 18 Dawn Tan - Darek Construction's petition successful By Dawn Tan SINGAPORE Marina Village International, the former flagship company of Moroccan businessman Elyamani Khamis, was wound up in the High Court yesterday after a year-long battle to stave off legal actions brought against it by unpaid293 words
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Article, Illustration364 1992-03-14 18 Colin Tan - By Colin Tan SINGAPORE Housing Development Board (HDB) flat owners in Marine View have given the government the go-ahead to proceed with its upgrading programme. Launching the upgrading exhibition for Kim Keat residents, the second of six groups involved in the demonstration364 words
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388 1992-03-14 18 Joseph Rajendran - One buys over firm, the other to open local office By Joseph Rajendran SINGAPORE Two American software companies have taken different approaches to penetrate the local computer software market. Chicago-based System Software Associates, better known as SSA, has bought locally-owned Comat Services,388 words
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Page 18 Advertisements
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Advertisement6 1992-03-14 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement60 1992-03-14 18 CHARTPOINT Every Saturday in Business Times CONVERSATIONS AT RAFFLES "I think It is time for Singaporeans and for Malaysians not to be so sensitive." Dr Noordin Soptoe, Malaysia's chief journalist turned think-tank chief, speaks candidly on Singapore's 100 per cent society, his country's own aspirations, and Singapore-Malaysian relations. Not to60 words
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Executive Lifestyle
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Article, Illustration1378 1992-03-14 19 Simone Vaz - You're over 40. Are you headed for a mid-life crisis? Simone Vaz checks the pulses of some baby-boomers Simone Vaz SIX YEARS ago, Christine Cheng turned 40 years old. She saw her career go into a quagmire and is now looking for a1,378 words
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STRAWS IN THE WIND
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Article73 1992-03-14 19 ASKING the dead for "lucky" numbers for the weekly four-digit and toto draws is a common enough practice. Singapore Pools computers will also choose numbers for you if you ask for a Quick-Pick entry. Whether it's the dearly departed or the computer, a punter seemed to73 words
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Article50 1992-03-14 19 NO TEA in China? That's how one person felt when he went to the coffeehouse in Dynasty Hotel (epitome of all things Oriental) and asked for Chinese tea. He was told: "Sorry sir, we don't "have any Chinese tea. Only normal tea." Eh, so what's normal? Lipton?50 words
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Article47 1992-03-14 19 CONTRARY to popular belief, not all food columnists spend their time eating. But some people tend to take things too literally, which is perhaps why someone who wanted to speak to food writer Quek Swee Peng called up and asked for "Food Peng".47 words
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Article55 1992-03-14 19 A LONELY young man rang the BT newsdesk the other night saying that he was interested in meeting young girls. To which the editor who took the call told him: "All the girls here are over 30. Would you prefer some of the young men here55 words
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OPINIONS
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Article925 1992-03-14 20 Maggie Ford - Maggie Ford says the potential exists for perceived injustice on the personal level even when the authorities follow the rules Maggie Ford The writer is BT's Jakarta correspondent THE PLIGHT of Samantha, a four-year-old girl with an Indonesian mother, has inspired much debate recently in Jakarta. The925 words
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Article, Illustration1049 1992-03-14 20 Tan Hua Joo - Tan Hua Joo says junior colleges have been unnecessarily touchy about having their academic results and ranking publicised Tan Hua Joo The writer, working temporarily with BT as a reporter, recently got his A-level results THE REASONS given by junior colleges for imposing a news1,049 words
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440 1992-03-14 20 Tan Kok Tim - LETTER TO THE EDITOR Tan Kok Tim THE STORY of the charter of a Boeing 767 by the Chee family to specially fly the body of their late father to China for burial reminded me of a friend whose family paid a big440 words
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1117 1992-03-14 20 Tye Kim Khiat - Build on the AussieSingapore war bond Fifty years ago, Australian soldiers fought alongside Singaporeans. Tye Kim Khiat says a mutually beneficial economic relationship can be forged now Tye Kim Khiat The writer is a Melbourne-based journalist who contributes to BT LAST MONTH, Singapore was host to a thousandodd Australian "Diggers"1,117 words
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SPORTS
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Article, Illustration353 1992-03-14 21 Cricket: World Cup AFP BERRI, Australia West Indies captain Richie Richardson is looking forward to a "cut throat" confrontation with Australia next week after the Windies dumped Sri Lanka out of the World Cup cricket semi-finals here yesterday. Their 91-run victory over theAFP - 353 words
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Article, Illustration431 1992-03-14 21 America's Cup Reuter WELLINGTON Sir Michael Fay and David Richwhite, backers of New Zealand's America's Cup yachting challenge, have the traditional deep pockets of tycoons who back cup challenges, papers published on Wednesday revealed. Fay and Richwhite, who control publicly listed merchant bank Fay, RichwhiteReuter - 431 words
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535 1992-03-14 21 Reuter JOHANNESBURG The stars of South African sport are shining brightly for political reform in next week's referendum. "Change is the price of survival," golf legend Gary Player says in a taped spot on Johannesburg's main radio station. An emotional Clive RiceReuter - 535 words
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SIDE LINES
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79 1992-03-14 21 TUCSON, Arizona Pat Bradley, the latest entry to the women's golf Hall of Fame, carded her sixth birdie at the last hole here on Thursday to take a one-shot lead in the first round of a women's golf tournament. Bradley shot a 5-under-par79 words
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Article78 1992-03-14 21 CHELTENHAM, England A British bookmaking firm claimed a world record payout on Thursday after a punter won £567,066 (551.63 million) for a stake of just £8 by backing five winners at the Cheltenham Gold Cup meeting. The man from Hampshire clinched his windfall when 14-1 chance78 words
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Article86 1992-03-14 21 SKRAUTVAL, Norway Patrice Bailly-Salins of France held off four Norwegians in a blizzard to win a men's 10-km World Cup biathlon race here on Thursday. Anfissa Reztsova of Russia missed four targets but made up with strong cross-country skiing to edge Delphine Burlet of France by 1386 words
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Article67 1992-03-14 21 LONDON Defending champions Ardy Wiranata and Susi Susanti were both beaten on a black Thursday for the Indonesian favourites at the All England badminton championships. Bidding for a quarter-final place, Wiranata, seeded two, lost to the Chinese Liu Jun 15-10 15-8. Susanti, also seeking a67 words
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EPICURE
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Article, Illustration452 1992-03-14 22 Quek Swee Peng - Quek Swee Peng on House of Blossoms' half-priced menu Quek Swee Peng THE PEKING DUCK skin was just as it should be: crisp and in a dark shade of burgundy. As the waitress deftly dismantled the skin from the flesh, the fat was oozing out and dripping452 words
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LIFESTYLE
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Article, Illustration700 1992-03-14 23 N K Yong - Dom Perignon has an interesting birth and birthplace, as well as a distinctive style WINE By N K Yong IHAD my first taste of Dom Perignon champagne way back in 1975, when I was an impoverished university academic unfamiliar with wine, much less champagne. It was a 1966700 words
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653 1992-03-14 23 Dr Michael B McGannon - By Dr Michael B McGannon The writer is a Stanford University-trained medical director of Insead Business-Health Course, which is also offered in Singapore. He welcomes any queries from readers. Please write to him c/o Executive Lifestyle. Business Times, 390 Kim Seng Road,653 words
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PEOPLE
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Article, Illustration133 1992-03-14 23 IT WAS one party where the men felt decidedly out of place. It was a night for women and power women at that. The occasion: the first Woman of the Year award dinner at the Hyatt last week. As Chan Heng Chee went up to be honoured,133 words
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Article, Illustration124 1992-03-14 23 A GALA DINNER and fashion show held last Friday at Hyatt Hotel raised more then $300,000 for the Universities Endowment Fund. Among the guests were Deputy Prime Minister Ong Teng Cheong and Minister for Education Lee Yock Suan. Professor Arthur Lim, chairman of the fund-raising committee,124 words
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PURSUITS
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Article, Illustration691 1992-03-14 24 Jaime Ee - Cape Fear begins innocuously enough, but just wait till the last half hour when all hell breaks loose. Jaime Ee reviews a Scorsese cliff-hanger that's definitely not for the nervous Jaime Ee (Sung loosely to the tune of The Brady Bunch) Here's the story of a man named691 words
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Article, Illustration719 1992-03-14 24 Jaime Ee - The Prince of Tides is pretty indulgent stuff, but it does have its share of good moments. Jaime Ee reviews the movie in which a shrink falls in love with a guy on the brink Jaime Ee THE VERY fact that The Prince of Tides is based on719 words
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Article, Illustration729 1992-03-14 24 S N Vasuki - S N Vasuki reviews JFK, in which Oliver Stone presents his version of the Kennedy assassination with the help or Kevin Costner S N Vasuki ON THE morning of Nov 22, 1963, US President John F Kennedy was assassinated when his motorcade was traversing Elm Street in729 words
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PROFILE
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Article, Illustration1639 1992-03-14 25 Kenneth James - Dr Noordin Sopiee, Malaysia's chief journalist turned think-tank chief, welcomes outrageous ideas but not when it involves Malaysia-Singapore relations. He explains why to Kenneth James f CONVERSATIONS RAFFLES Kenneth James NOORDIN SOPIEE, the director-general of Malaysia's Institute of Strategic and International Studies (Isis), has been called1,639 words
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Article1439 1992-03-14 25 LIFE, says Noordin Sopiee, "is a compromise between what is ideal and what is practical. "You can hold both views. The Japanese have no problem in believing in two absolutely contradictory things. It's only the Western-trained people who find it difficult to hold two1,439 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1219 1992-03-14 26 Quak Hiang Whai - Every stag loves a winner. Quak Hiang Whai focuses on the impencung listing of one such stock acclaimed by analysts STOCK^ Quak Hiang Whai ONCE IN A while, a rare gem goes into listing and defies every underlying market sentiment. A sure winner, analysts call it.1,219 words
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Article, Illustration1081 1992-03-14 26 Amy Balan - You work very hard for the money. But will it be there when you need it most? Amy Balan looks at what's important in Amy Balan SAID a lady banker: "I want to retire at 40." And she did, sort of. She now keeps her1,081 words
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Article, Illustration551 1992-03-14 26 Najeeb Jarhom - CHART By Najeeb Jarhom The writer is research manager of Fraser Securities' Technical indicators have not yet signalled a strong and sustainable rally but this week's quick rebound from the major support level of 1,430 on the Straits Times Industrials Index (STII) suggests more interesting trading551 words
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Article, Illustration975 1992-03-14 27 SN Vasuki - Though the Indian economy has charted a topsy-turvy course in the last decade, the Bombay Stock Exchange, the largest among 19 bourses in the country, has bucked the trend. SN Vasuki reports SN Vasuki THE 117-year-old Bombay Stock Exchange (BSE), one of the oldest975 words
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Article, Illustration781 1992-03-14 27 THE Indian government is expected to allow foreign investors to make direct portfolio investments in the stock markets later this year. Until then, foreigners have the choice of putting their money in three country funds the India Fund, India Growth Fund andSource: Crosby Securities - 781 words
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JOBS
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Article, Illustration1850 1992-03-14 28 Salil Tripathi - Business schools routinely use military cases to illustrate business strategy. McArthur's retreat and recapture of the Philippines and Mountbatten's partition of India are celebrated B-School cases. General Charles Horner, who led the allied air assault on Baghdad, tells Salil Tripathi how he came out1,850 words
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Article, Illustration473 1992-03-14 28 Mr Michael Heindel has been appointed Chief Operating Officer and Administrator of Mount Elizabeth Hospital. He will be responsible for the entire operations of Mount Elizabeth Hospital and the continued development of its business units. Mr Heindel received a Diploma in Nursing in 1986, a Bachelor of Arts473 words
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Article343 1992-03-14 29 AIRLINE COOES: M: Ar India (AIQ. AY: Frmar Oy (FIN). AZ: Aktaka (AZA). BA: Brmsh Airways PuMc Ltd Co (BAW). B&ftman Bangadesh Artnes (B8C). Bl: Rtyk B™» Artnes Ud (RBA). BR: EVA Arways Corpn. CA: Air China (CCA). CI: China Amines Ltd (CAL). CV: Cargotux Artnes343 words
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THE TRAVEL PAGE
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Article, Illustration546 1992-03-14 29 Michael Adler - War takes toll on travel and humour POSTCARD FROM YUGOSLAVIA By Michael Adler IT USED to be easy to travel between Belgrade and Zagreb, capitals of neighbouring Yugoslav republics. Well, war in the Balkans has changed this shuttle between two of central Europe's more interesting cities. Zagreb is now capital546 words
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TIME OFF
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Article255 1992-03-14 30 SSO Choral Concert Conductor: Lim Yau. Beethoven's Symphony No 6 (Pastoral) is followed by his Mass in C Major, performed by soprano Juliet Booth, alto Yvonne Lea, tenor Maldwyn Davies, baritone David Wil-son-Johnson, and the Singapore Symphony Chorus. Venue: Victoria Theatre. Today. 8.15pm. Jazz at the Mandarin Jazz lovers255 words
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Article, Illustration204 1992-03-14 30 Yasotha M - Compiled by Yasotha M Ryo: Five Japanese Sculptors Abroad Five Japanese sculptors Yoko Terauchi, Mineo Aayamaguchi, Hiroshi Kinjo, Hitori Nakayama and Hiroshi Mikami will bring to Singaporeans the outcome of their individual existences in the wider world away from Japan. Venue: National Museum Art Gallery. Mar 18-Apr 12. 9am--5.30pm.204 words
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Article, Illustration549 1992-03-14 30 Billy Bathgate. Yes, another gangster movie. This time, Dustin Hoffman and Nicole Kidman try to see how long they'll last in the killing streets. 11.45pm show tonight at Cathay 2. Body Parts. A criminal psychologist has an accident and emerges with a newly-grafted arm and even newer violent tendencies.549 words
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Page 19 Advertisements
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Advertisement134 1992-03-14 19 Available Exclusively MH6AWI Burbcrrya Main «myi 590 Orchard Bend. »81-01A>2 Palais Renaissance Shopping Arcade. Singapore 0923 Tel ""33"'l 13 Burberry* Sbop-ln-Shop: DAIMAKI' DFS Orchard HALLO' S ISETAN Haveiocfc ISETAN Orchard NAN HEN LEATHER GOODS SOGO Aurtiortoed Dealers: F J BENJAMIN Char*i Ajrpon JUBONG CBOCODILE PARADISE MIDORI TANGS THONG HIAP LEATHER134 words
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Page 20 Advertisements
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Advertisement25 1992-03-14 20 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.25 words
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Page 20 Miscellaneous
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Miscellaneous63 1992-03-14 20 DOONESBURY BASICALLY, WHAT THE mw house mm jo x> is keep returning TO THE GULP UiAP THATS UHEREBUCHANANIS MOST VULNERABLE i USING 6ENERAL KEU& MAS OKAY, BUT MAT WZ REAIVY NEEP ARE SPOKESMEN THE PUOUC CAN IPENTIFYMH' 1 I (A BY GARRY TRUDEAU Mi CONCEPT IS TOFHNP TWO GULF WAR63 words
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Page 21 Advertisements
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Advertisement322 1992-03-14 21 sfrl/YG YOUR WAY TO THE 1992 BRITISH OPEN Presenter: Afi/lnrt/iUfA COLD SKA I. Organiser: GOLF THE PREMIER MAGAZINE MUIRFTELD, SCOTLAND. HOME OF THE 1992 BRITISH OPEN •A V M v- V <, Ku N5 !1 31 nna in ie :H Hi SB n fii Here's an opportunity to literally swing322 words
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Page 22 Advertisements
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Advertisement676 1992-03-14 22 I BUD LIGHT ThatYhal Spiced Magic At PLUM'S The highly successful Thai food promotion makes a welcome return to Plum s. Master chefs from the newly open Grand Hyatt Erawan Bangkok will be weaving their magic to create a spread too tempting to resist Buffet available for lunch, 12 noon676 words
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Advertisement175 1992-03-14 22 WHERE TO WINE, DINE... SUPPER PROMOTION Choice of aromatic Bak Kut Teh or steaming Porridge with Chicken, Pork or Fish. Plaza Hot^ Cafe Plaza .l. fZznjov appetizing dishes from the sumptuous Teochew Porridge BufTet spread available from March 14 to 22, for both lunch and dinner. Prices: $14.00 (adult) $10.00175 words
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Advertisement186 1992-03-14 22 From noon to 2.30 pm. A la carte menu available. ffi V l/iCmdmit (IJ f btinta^ 333 Orchard Road. Singapore 0923 Tel: *****11 mm Ml! lAAwma 4Ka ■i'LltiifiA U ririn/i VwWf Hit WnrlCf a yOOO, Ih# ombimct groat, !h« food J*mpty marveflouj! Antmitonctvou wffl not ML w—Nm or KHMi *crt186 words
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Page 23 Advertisements
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Advertisement254 1992-03-14 23 AND ENTERTAIN ,*P> Mfc N Classic Tea-Time Fashions In the month of March, a fashion extravaganza awaits you at the Fountain Lounge: March 07 Theme Boutique March 14 Flyers March 21 Mischief Creations March 28 Eunice Creations Enjoy a leisurely Saturday afternoon tucking into delicate French pastries, diax xin and254 words
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Advertisement12 1992-03-14 23 The Bridge column has been held over due to pressure of space12 words
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Page 27 Advertisements
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Advertisement192 1992-03-14 27 EXPRESS SHARE LOAN Turn your shares S cm into cash k. sX v' instantly at Get cash on the spot for your shares for 1,2 or 3 months at 1% per month. Sorlpless counters are also acceptable. Rat (discounted) For more information, call our toll-free numbers. Hong Leong Finance 223192 words
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Page 28 Advertisements
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Advertisement138 1992-03-14 28 Strategic Objectives during the Gulf War: To liberate Kuwait from Iraqi invasion To protect the Kingdom of Saudi Arabia from Iraqi aggression h Goals: (must be understandable, desirable, achievable)J| Gain air control Cripple offensive weapons Isolate forces in Kuwait Destroy Iraqi armour Eject Iraq from Kuwait To eject Saddam from138 words
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Page 29 Advertisements
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Advertisement41 1992-03-14 29 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. We know Europe from start to Ftnniah.41 words
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Advertisement30 1992-03-14 29 Where to go for our magazines Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749-2577 for locations of nearest newsstands.30 words
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Advertisement41 1992-03-14 29 WHOSE BABY ANYWAY? American sperm doctor Cecil Jacobson is alleged to have secretly fathered as many as 75 babies using his own sperm. Can it happen in Singapore? Find out in weeblnder today. NEW, NEWS, NEWSY From lunchtime Monday to Saturday.41 words
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Page 29 Miscellaneous
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Miscellaneous311 1992-03-14 29 CRYPTIC CROSSWORD ACROSS 5' Claim support, bitter per- baps about it (6) 8 Emotions under control, made it up (8) 9 Mistakenly rib the Irishman about a Balkan (7) 10 Open hint one finally dropped (5) 11 Unpleasant person whose father got fired (3,2,1,3) 13 How your number two supported311 words
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Miscellaneous40 1992-03-14 29 WEATHER Singapore Outlook: Showers over several areas in the afternoon. Report Maximum temperature 32.7 Assoc humidity 60% Minimum temperature 24.5 Assoc humidity. 94% Hours of sunshine 10.25 Rainfall in mm Nil Rainfall this month 32.5 Rainy days this month 540 words
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Miscellaneous33 1992-03-14 29 London Accessories jONCS i'n sow-v TO Hftve to TfcLiA JUNva... 11l wwr%— I W r TV4IS feUT I've PECOCD "fo HAND; |y\N my noticc--^ (N/IPPCg.!. I J Bfe33 C ASSOCIATED NEWSPAPERS LTD, IKMM33 words
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Page 30 Miscellaneous
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Miscellaneous1759 1992-03-14 30 TODAY'S TV ■BpmmiHMmH rnHnmnmnnnaMH 3.30 Masakan Kuih TradWon- bvum UM. Hatiku Bukan Pualam, Wetlands Ecology: Estuaries, 9 00 AM Openmg and 3.55pm, SBC 5 12.30pm. SBC 5 CSV* tLfi sJI KIT"' A typical romantic triangle A 1987 production that of- Show in the Galaxy (Ste- 5.45 Today in History. forms1,759 words
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Miscellaneous633 1992-03-14 30 MOVIES ON TV Milk And Money, Man, 3pm, Tracy (in his last film appearSBC S ance) and Sidney Poitier also 1988 movie about a country star in this 1967 winner. girl who moves to the big 8-- SBC 12 city. Jo leaves rural Jamaica for a better life in glittering633 words
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